MIRA INFORM REPORT
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Report Date : |
19.02.2011 |
IDENTIFICATION DETAILS
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Name : |
TERAVISION CORPORATION |
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Registered Office : |
388-28, Jangji-dong, Gwangju-si, |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
04.07.2001 |
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Com. Reg. No.: |
131111-0063063 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacture of Video and Other Audio Equipment |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 |
TERAVISION
CORPORATION (Korean Company
Name : “(주)테라비젼”) |
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Registered Address |
388-28, Jangji-dong, Gwangju-si, |
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Zip Code |
464-070 |
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Tel |
+82-31-701-0251 |
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Fax |
+82-31-701-5891 |
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E-mail |
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Website |
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Trading Address |
388-28, Jangji-dong, Gwangju-si, |
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Tel |
+82-31-701-0251 |
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Fax |
+82-31-701-5891 |
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Type |
Export/Import |
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Industry |
Manufacture of Video and Other Audio Equipment |
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Main Business |
CRT TV Board Kits, LCD TV Board Kits |
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Established (mm/dd/yyyy) |
07/04/2001 |
Mr. Kim Soo-Tae owns
the premises of registered HQ address.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Bare printed circuit boards(32131010) |
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Sell |
System boards processors interfaces or
modules(43201500) |
CEO’s
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Name |
Moon Kyung Ho |
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Address |
Suite 411-1302, 92, Seohyeon-dong,
Bundang-gu, Seongnam-si, |
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Date of Birth |
07/17/1954 |
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Title |
Co-President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
200,000,000 |
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Employees |
30 |
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Formation |
Co., Ltd by shares Venture Business |
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Bank Details |
Kookmin Bank-Yongin Branch Korea Exchange Bank Kookmin Bank-Yongin Branch Hana Bank |
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Corporate Registered No. |
131111-0063063 |
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Business Registered No. |
129-81-43288 |
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Permit & Licenses |
Int’l Trading No. : 30034824 |
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Shareholder Position |
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Company History |
07/04/2001 Incorporated
as the present name 11/30/2003
Awarded US$ 5 Million Export Prize 07/19/2004
Increased the capital to 200,000,000KRW 11/2004
Awarded US$10 Million Export Top Prize 2005
Designated as a 01/01/2006
Designated as a Venture Business 03/2006
Designated as an INNO-BIZ 05/30/2006 Moved to the present HQ address
from 174-4, Yatap-dong, Bundang-gu, Seongnam-si, 11/11/2007 Spin off the par value to 500 KRW from 5,000 KRW 11/11/2007 Increased the authorized shares to 10,000,000 shares from
40,000 shares 02/27/2009 Designated as a Venture Business again |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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Co-President & CEO |
Mr. |
Moon Kyung Ho |
Male |
Korean |
07/04/2001 |
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Co-President & CEO |
Mr. |
Kim Soo-Tae |
Male |
Korean |
07/04/2004 |
|
Director |
Mr. |
Lee Chun-Pyo |
Male |
Korean |
07/04/2004 |
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Director |
Mr. |
Yang Jae-Mo |
Male |
Korean |
07/04/2004 |
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Director |
Mr. |
Kang Moo-Soon |
Male |
Korean |
07/04/2004 |
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Auditor |
Mr. |
Kim Soo-Chul |
Male |
Korean |
03/31/2004 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
36,369,000,000 |
8,964,000,000 |
353,000,000 |
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2008 |
28,937,023,553 |
7,159,325,361 |
167,723,504 |
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2007 |
22,438,475,239 |
7,517,282,986 |
100,616,289 |
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2006 |
26,330,610,000 |
6,495,000,000 |
445,030,000 |
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2005 |
33,324,300,000 |
5,958,000,000 |
325,440,000 |
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2004 |
23,208,000,000 |
2,264,000,000 |
231,000,000 |
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2003 |
13,917,000,000 |
1,511,000,000 |
309,000,000 |
Financial Description
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Authorized Capital(KRW) |
50,000,000,000 |
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Paid-Up Capital(KRW) |
200,000,000 |
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Total Issues Shares |
400,000 |
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 |
8,964,000,000 |
7,159,325,361 |
7,517,282,986 |
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Current Assets |
4,898,000,000 |
3,777,089,834 |
4,200,548,534 |
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-Quick Assets |
3,397,000,000 |
2,314,043,497 |
3,343,141,176 |
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-Inventories |
1,501,000,000 |
1,463,046,337 |
857,407,358 |
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Fixed Assets |
4,066,000,000 |
3,382,235,527 |
3,316,734,452 |
|
-Investment |
500,000,000 |
426,660,000 |
273,500,000 |
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-Tangibles |
212,000,000 |
240,884,610 |
176,685,211 |
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-Intangibles |
549,000,000 |
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-Others |
2,805,000,000 |
2,714,690,917 |
2,866,549,241 |
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Total Liabilities |
7,052,000,000 |
5,598,845,949 |
6,117,997,181 |
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Current Liabilities |
6,809,000,000 |
5,382,551,469 |
5,631,873,676 |
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Fixed Liabilities |
243,000,000 |
216,294,480 |
486,123,505 |
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Capital Stock |
200,000,000 |
200,000,000 |
200,000,000 |
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Capital Surplus |
- |
- |
- |
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Profit Surplus |
1,720,000,000 |
1,367,009,309 |
1,199,285,805 |
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Capital Adjustment |
(-)8,000,000 |
(-)6,529,897 |
- |
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Total Equity |
1,912,000,000 |
1,560,479,412 |
1,399,285,805 |
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Liab. & Shareholder’s Equity |
8,964,000,000 |
7,159,325,361 |
7,517,282,986 |
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Current
Liabilities |
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5,382,551,469 |
5,631,873,676 |
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Trade Payables |
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1,671,812,740 |
1,745,301,999 |
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Account Payables |
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114,940,916 |
219,440,311 |
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Withholdings |
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29,553,570 |
23,773,074 |
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Advance Receipts |
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84,376,573 |
494,625,797 |
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Derivatives |
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130,500,000 |
- |
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Short-Term Borrowings |
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3,023,123,108 |
2,829,640,745 |
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Accrued Income Tax |
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23,912,660 |
34,767,760 |
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Accrued Expenses |
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27,320,984 |
17,683,990 |
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Short-Term Borrowings to
Shareholders/ Executives/ Employees |
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10,342,978 |
- |
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Current Portion of Long-Term
Debts |
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266,667,940 |
266,640,000 |
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Fixed
Liabilities |
|
216,294,480 |
486,123,505 |
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Long-Term Borrowings |
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- |
266,640,000 |
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Provision for Severance &
Retirement |
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216,294,480 |
219,483,505 |
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 |
36,369,000,000 |
28,937,023,553 |
22,438,475,239 |
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Cost of Sold Goods |
31,006,000,000 |
23,291,318,659 |
18,482,245,175 |
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Gross Profit |
5,363,000,000 |
5,645,704,894 |
3,956,230,064 |
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Selling & Admin. Expenses |
4,869,000,000 |
4,621,783,316 |
3,884,065,715 |
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Operating Income |
494,000,000 |
1,023,921,578 |
72,164,349 |
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Non-Operating Income |
1,241,000,000 |
1,514,304,512 |
446,503,620 |
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Non-Operating Expenses |
1,267,000,000 |
2,330,328,856 |
383,283,920 |
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Ordinary Income |
468,000,000 |
207,897,234 |
135,384,049 |
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Special Income |
- |
- |
- |
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Income Before Taxes |
468,000,000 |
207,897,234 |
135,384,049 |
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Income Taxes Expenses |
115,000,000 |
40,173,730 |
34,767,760 |
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Net Income |
353,000,000 |
167,723,504 |
100,616,289 |
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 |
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177,677,908 |
(-)1,471,200,404 |
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-Net Income |
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167,723,504 |
100,616,289 |
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-Exp. without Cash Outflow |
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537,027,999 |
382,743,096 |
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-Revenue without Cash Inflows |
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(-)451,787,671 |
(-)66,532,260 |
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-Changes in Asset/ & Liability |
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(-)75,285,924 |
(-)1,888,027,529 |
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Cash Flows from Investing |
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(-)243,435,388 |
(-)360,933,695 |
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-Cash Inflow from Investing |
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398,264,892 |
278,874,897 |
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-Cash Outflows for Investing |
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(-)641,700,280 |
(-)639,808,592 |
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Cash Flows from Financing |
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(-)62,786,719 |
1,415,726,691 |
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-Cash Inflows from Financing |
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203,825,341 |
1,682,446,691 |
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-Cash Outflows from Financing |
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(-)266,612,060 |
(-)266,720,000 |
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Increase/Decrease in Cash |
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(-)128,544,199 |
(-)416,407,408 |
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Cash at the Beginning of Year |
|
195,942,131 |
612,349,539 |
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Cash at the End of Year |
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67,397,932 |
195,942,131 |
Products, Technologies, Services Description
|
Main Products & Services |
CRT TV Board Kits, LCD TV Board Kits |
Trade Partners & Competitors
|
Competitors |
JEONGMIN ELECTRONICS CO., LTD. 7TH FL., SIBEOM INDUSTRIAL COMPLEX, 377-3,
YONGHO 3-DONG, TEL:+82-51-627-7342 FAX:+82-51-627-7345 ESTECOM CO., LTD. RM. 705, GUNPO I-VALLEY, 14-1, DANG-DONG,
GUNPO-SI, TEL:+82-31-427-8105 FAX:+82-31-427-8108 PETEC KOREA INC. 4TH FL., NATIONAL AGRICULTURAL COOPERATIVE
FEDERATION BLDG., 900-19, SINJEONG 4-DONG, YANGCHEON-GU, TEL:+82-2-2604-3684 FAX:+82-2-2604-4735 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Cooperative |
-Insured Company LIG INSURANCE CO., LTD(110111-0017859) -Cooperative Organization ELECTRONICS AND TELECOMMUNICATIONS RESEARCH
INSTITUTE(ETRI) |
Sales by Region
(Activity & Markets)
The subject exports
to
Court Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.18 |
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|
1 |
Rs.73.04 |
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Euro |
1 |
Rs.61.43 |
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 |
|
<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.