MIRA
INFORM REPORT
|
Report Date : |
23.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
SEUNGIL ELECTRONICS CO. |
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Registered Office : |
3rd Fl., 16-8, Dodang-dong, Wonmi-gu,
Bucheon-si, Gyeonggi-do, Korea 420-801 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
10.11.1987 |
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Com. Reg. No.: |
130-15-69736 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacture of Instruments for Automatic Measurement or Control |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Usually Correct |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic information
|
Company
Name |
SEUNGIL ELECTRONICS CO. (Korean Company Name : “승일전자”) |
|
Registered Address |
3rd Fl., 16-8, Dodang-dong, Wonmi-gu,
Bucheon-si, Gyeonggi-do, Korea |
|
Zip Code |
420-801 |
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Tel |
+82-32-682-2380 |
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Fax |
+82-32-682-2383 |
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E-mail |
|
|
Website |
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Trading Address |
3rd Fl., 16-8, Dodang-dong, Wonmi-gu,
Bucheon-si, Gyeonggi-do, Korea |
|
Tel |
+82-32-682-2380 |
|
Fax |
+82-32-682-2383 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Instruments for Automatic Measurement or Control |
|
Main Business |
DDC Controller, MICOM Controller, Transmitter, Timer, Industrial
Humidifier |
|
Established (mm/dd/yyyy) |
11/10/1987 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Humidifiers(40101903) |
|
Sell |
Humidity transmitters(41112106) |
CEO’s
|
Name |
Yoo Chun-Hee |
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Date of Birth |
01/12/1951 |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
|
Employees |
20 |
|
Formation |
Sole Proprietorship |
|
Bank Details |
Nonghyup Bank-Dodang Dong Branch |
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Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
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Business Registered No. |
130-15-69736 |
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Permit & Licenses |
09/1999 CE Mark 12/2003 ISO 9001 07/2004 CE Mark Int’l Trade No.: 21013474 |
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Shareholder Position |
The owner has 100% shares. |
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Company History |
11/10/1987 Established as the present name |
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
Mr. |
Yoo Chun-Hee |
Male |
Korean |
11/10/1987 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2009 |
2,375,756,000 |
1,060,997,000 |
411,021,000 |
|
2008 |
2,310,221,000 |
940,647,000 |
357,941,000 |
|
2007 |
2,688,910,000 |
1,077,822,000 |
720,103,000 |
|
2006 |
2,473,000,000 |
853,000,000 |
149,000,000 |
Financial Description
|
Authorized Capital(KRW) |
Not Applicable to the Sole Proprietorship |
|
Paid-Up Capital(KRW) |
Not Applicable to the Sole Proprietorship |
|
Total Issues Shares |
Not Applicable to the Sole Proprietorship |
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Total Assets |
1,060,997,000 |
940,647,000 |
1,077,822,000 |
|
Current Assets |
737,755,000 |
713,012,000 |
891,579,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
323,242,000 |
227,635,000 |
186,243,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
774,038,000 |
304,145,000 |
285,373,000 |
|
Current Liabilities |
774,038,000 |
304,145,000 |
285,373,000 |
|
Fixed Liabilities |
- |
- |
- |
|
Capital Stock |
286,959,000 |
636,502,000 |
792,449,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
- |
- |
- |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
286,959,000 |
636,502,000 |
792,449,000 |
|
Liab. & Shareholder’s Equity |
1,060,997,000 |
940,647,000 |
1,077,822,000 |
Income
Statement
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Sales |
2,375,756,000 |
2,310,221,000 |
2,688,910,000 |
|
Cost of Sold Goods |
1,470,292,000 |
1,668,582,000 |
1,574,483,000 |
|
Gross Profit |
905,464,000 |
641,639,000 |
1,114,427,000 |
|
Selling & Admin. Expenses |
617,349,000 |
448,593,000 |
533,138,000 |
|
Operating Income |
288,115,000 |
193,046,000 |
581,289,000 |
|
Non-Operating Income |
- |
- |
- |
|
Non-Operating Expenses |
16,924,000 |
8,159,000 |
20,314,000 |
|
Income Before Taxes |
411,021,000 |
357,941,000 |
720,103,000 |
|
Income Taxes Expenses |
- |
- |
- |
|
Net Income |
411,021,000 |
357,941,000 |
720,103,000 |
Products, Technologies, Services Description
|
Main Products & Services |
DDC Controller, MICOM Controller, Transmitter, Timer, Industrial
Humidifier |
Trade Partners & Competitors
|
Competitors |
OHSUNG CO., LTD. 180-4, ONCHEON 1-DONG, DONGNAE-GU, BUSAN,
KOREA TEL:+82-51-556-0561 FAX:+82-51-552-2168 SEIL CO., LTD. 259-53, AN-DONG, GIMHAE-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-724-9401 FAX:+82-55-724-0113 NOVITA CO., LTD. SAN 22, JAEUNGA-RI, JIKSAN-EUP, SEOBUK-GU,
CHEONAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-580-7800 FAX:+82-41-583-4320 |
Sales by Region
(Activity & Markets)
Not Available.
Court Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.37 |
|
|
1 |
Rs.72.34 |
|
Euro |
1 |
Rs.63.87 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
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 |
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-- |
NB |
New Business |
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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.