MIRA INFORM REPORT
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Report Date : |
18.02.2011 |
IDENTIFICATION DETAILS
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Name : |
ST PHARM CO., LTD. |
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Formerly Known As : |
U-CHEM CO., LTD. |
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Registered Office : |
1241-2, Jeongwang-dong, Siheung-si, |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
20.08.2008 |
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Com. Reg. No.: |
303-81-52269 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacturer of Medicinal Chemicals and Antibiotics |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic
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Company Name |
ST PHARM CO., LTD. (Korean Company Name : “에스티팜(주)”) |
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Registered Address |
1241-2, Jeongwang-dong,
Siheung-si, |
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Zip Code |
429-850 |
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Tel |
+82-31-499-3002 |
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Fax |
+82-31-499-3001 |
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E-mail |
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Website |
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Trading Address |
7FL., MSA Bldg., 891-43, Daechi-dong,
Gangnam-gu, |
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Tel |
+82-2-527-6318 |
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Fax |
+82-2-561-6006 |
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Other Address |
Rm.505, JC Pahrm Bldg., 745-2, Choji-dong,
Danwon-gu, Ansan-si, |
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Type |
Export/Import |
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Industry |
Manufacture of Medicinal Chemicals and Antibiotics |
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Main Business |
Zidovudine(API), Nucleoside API, NANA, DNA/RNA(Oligonucleotides),
Nucleoside Monomer(Amidite) |
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Established (mm/dd/yyyy) |
08/20/2008 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Drugs affecting the gastrointestinal
system(51170000) |
CEO’s
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Name |
Lim Keun-Jo |
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Address |
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Date of Birth |
05/10/1959 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
1,060,000,000 |
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Employees |
171 |
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Formation |
Co., Ltd by shares A Company of Dong-A Socio Group |
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Bank Details |
Shinhan Bank-Samseong Central Branch |
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Corporate Registered No. |
154511-0039704 |
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Business Registered No. |
303-81-52269 |
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Permit & Licenses |
Int’l Trade No.: 521819 |
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Shareholder Position |
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Company History |
08/20/2008 Incorporated as U-CHEM CO., LTD. 10/04/2010 Changed company name to the
present name 10/04/2010 Moved to the present HQ address
from 1507, Jungwon Industrial Complex, Dang-u-ri, Judeok-eup, Chungju-si, 09/30/2010 Acquired Samchully Phram Co.,
Ltd.(110111-4241264) at 7FL., MSA Bldg., 891-43, Daechi-dong, Gangnam-gu, Seoul, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Lim Keun-Jo |
Male |
Korean |
08/20/2008 |
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Director |
Mr. |
Kang Jung-Seok |
Male |
Korean |
06/10/2010 |
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Director |
Mr. |
Cho Jin-Woo |
Male |
Korean |
06/10/2010 |
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Auditor |
Mr. |
You Jong-Sik |
Male |
Korean |
06/10/2010 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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(*)2009 |
3,619,865,333 |
87,724,238,035 |
-109,711,211 |
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2008 |
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2007 |
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2006 |
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2005 |
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2004 |
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2003 |
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(*) The financials are not available, and the Subject Company does not
have any obligations to release its financials to the public. The figures are
all for SAMCHULLY PHRAM CO.,
LTD.(110111-4241264) which was acquired by the subject company.
Financial Description
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Authorized Capital(KRW) |
5,000,000,000 |
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Paid-Up Capital(KRW) |
1,060,000,000 |
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Total Issues Shares |
212,000(Common :127,000 / Preferable : 85,000) |
Balance Sheet
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Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
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Total Assets |
87,724,238,035 |
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Current Assets |
54,406,063,715 |
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-Quick Assets |
15,634,338,004 |
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-Inventories |
38,771,725,711 |
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Fixed Assets |
33,318,174,320 |
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-Investment |
11,925,000 |
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-Tangibles |
26,252,754,244 |
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-Intangibles |
5,300,568,418 |
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-Others |
1,752,926,658 |
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Total Liabilities |
4,492,023,830 |
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Current Liabilities |
3,670,983,689 |
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Fixed Liabilities |
821,040,141 |
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Capital Stock |
2,000,000,000 |
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Capital Surplus |
60,930,258,749 |
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Profit Surplus |
20,301,955,456 |
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Capital Adjustment |
83,232,214,205 |
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Total Equity |
87,724,238,035 |
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Liab. &
Shareholder’s Equity |
87,724,238,035 |
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Current Liabilities |
3,670,983,689 |
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Trade Payables |
372,859,320 |
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Account Payables |
1,340,994,846 |
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Advance Receipts |
1,533,726,153 |
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Withholdings |
348,139,406 |
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Accrued Expenses |
675,423 |
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Deferred Income Tax Credit |
74,588,541 |
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Fixed Liabilities |
821,040,141 |
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National Subsidies |
166,968,600 |
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Provision for Severance &
Retirement |
5,794,807,630 |
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Income Statement
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Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
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Sales |
3,619,865,333 |
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Cost of Sold Goods |
3,316,889,317 |
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Gross Profit |
302,976,016 |
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Selling & Admin. Expenses |
407,848,482 |
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Operating Income |
-104,872,466 |
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Non-Operating Income |
103,489,054 |
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Non-Operating Expenses |
116,341,217 |
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Ordinary Income |
-117,724,629 |
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Special Income |
- |
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Income Before Taxes |
-117,724,629 |
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Income Taxes Expenses |
-8,013,418 |
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Net Income |
-109,711,211 |
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Cash Flows
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Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
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Cash Flows from Operating |
3,329,692,973 |
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-Net Income |
-109,711,211 |
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-Exp. without Cash Outflow |
356,080,646 |
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-Revenue
without Cash Inflows |
-6,496,555 |
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-Changes in
Asset/ & Liability |
3,089,820,093 |
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Cash Flows
from Investing |
-24,691,563 |
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-Cash Inflow
from Investing |
138,000 |
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-Cash
Outflows for Investing |
-24,829,563 |
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Cash Flows
from Financing |
- |
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-Cash
Inflows from Financing |
- |
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-Cash
Outflows from Financing |
- |
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Increase/Decrease
in Cash |
3,305,001,410 |
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Cash at the
Beginning of Year |
4,765,266,916 |
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Cash at the End of Year |
8,070,268,326 |
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Products, Technologies, Services Description
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Main Products & Services |
Medicinal Chemicals and Antibiotics |
Trade Partners & Competitors
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Competitors |
YUHAN
CORPORATION(110111-0014409) 49-6, DAEBANG-DONG, DONGJAK-GU, TEL:+82-2-828-0181 FAX:+82-2-828-0050 HANMI PHARM CO., LTD.(110111-0014409) 893-5, HAJEO-RI, PALTAN-MYEON, HWASEONG-SI,
TEL:+82-31-356-3311 FAX:+82-31-356-5151 GREEN CROSS CORPORATION(110111-0109854) 303, BOJEONG-DONG, GIHEUNG-GU, YONGIN-SI, TEL:+82-31-260-9300 FAX:+82-31-260-9413 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
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Affiliates |
DONGA PHARMACEUTICAL CO.,
LTD.(110111-0017990) DIGITAL OCEAN CO., LTD.(110111-1574874) SOO-SEOK CO., LTD.(110111-0107973) SOO-SEOK FARM CO., LTD.(164511-0016114) SOOSEOK INDUSTRIAL DEVELOPMENT CO.
LTD.(160111-0117790) DONG-A OTSUKA CO., LTD.(134111-0007761) KOREA SINTO CO., LTD.(130111-0010792) YONGMA LOGIS CO., LTD.(110111-0245369) SOO SEOK TRADING CO., LTD.(110111-0634231) DONG-A PHRAMTEC CO., LTD.(110111-2615578) DA INFORMATION CO., LTD.(110111-3479478) MOPEED CO., LTD.(110111-3372979) JIN-A GLASSES CO. D.A.C MOPEED AP MOPPED |
Sales by Region
(Activity & Markets)
Not Available.
Court Action
Not Available.
News Clipping
---
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.38 |
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1 |
Rs.73.08 |
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Euro |
1 |
Rs.61.60 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.