MIRA INFORM REPORT
|
Report Date : |
15.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
BAIKSAN OPC CO., LTD. |
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Formerly Known As : |
Baiksan Han
Precision Co., Ltd. |
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Registered Office : |
282, Yongmong-ri, Deoksan-myeon, Jincheon-gun, Chungcheongbuk-do, Korea, Zip Code 365-843 |
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Country : |
South Korea |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
15.02.1994 |
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Com. Reg. No.: |
301-81-20927 |
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Legal Form : |
Listed Company |
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Line of Business : |
Manufacture of Other Peripheral Apparatuses |
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 |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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South korea
|
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 |
BAIKSAN OPC CO.,
LTD. (Korean
Company Name : “(주)백산오피씨”) |
|
Registered Address |
282, Yongmong-ri, Deoksan-myeon,
Jincheon-gun, Chungcheongbuk-do, Korea |
|
Zip Code |
365-843 |
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Tel |
+82-43-536-7561~4 |
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Fax |
+82-43-536-7557 |
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E-mail |
hanp98@kornet.net |
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Website |
www.baiksanopc.com |
|
Trading Address |
282, Yongmong-ri, Deoksan-myeon,
Jincheon-gun, Chungcheongbuk-do, Korea |
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Tel |
+82-43-536-7561~4 |
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Fax |
+82-43-536-7557 |
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Other Address-Factory |
321, Hapmok-ri, Deoksan-myeon, Jincheon-gun, Chungcheongbuk-do, Korea |
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Tel |
+82-43-530-7687 |
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Fax |
+82-43-537-2231 |
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Type |
Export/Import |
|
Industry |
Manufacture of Other Peripheral Apparatuses |
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Main Business |
Laser Beam Printer OPC Drum, Laser Beam Printer Gear |
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Established (mm/dd/yyyy) |
02/15/1994 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Printer or facsimile or photocopier drums(44103109) |
|
Sell |
Packaging tubes and cores and labels and
accessories(24141700) |
|
Buy |
Printer and facsimile and photocopier
supplies(44103100) |
|
Buy |
Photographic processing chemicals(45141500) |
|
Buy |
Packaging boxes(24121503) |
|
Buy |
General purpose cleaners(47131805) |
|
Buy |
Aluminum plate(30102206) |
|
Buy |
Packaging films(24141514) |
|
Buy |
Gears(31171700) |
CEO’s
|
Name |
Kim Sang-Hwa |
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Date of Birth |
04/08/1940 |
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Title |
Chairman & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital (KRW) |
7,650,000,000 |
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Employees |
324 |
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Formation |
Listed Company (KOSDAQ : 066110 ) as of 07/12/2002 |
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Bank Details |
Shinhan Bank-Seogyo Dong Corporate Finance
Branch |
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Corporate Registered No. |
110111-1011561 |
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Business Registered No. |
301-81-20927 |
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Permit & Licenses |
11/2001 ISO 9001 07/2002 ISO 14001 Int’l Trade No.: 11203223 |
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Shareholder Position |
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Company History |
02/15/1994 Incorporated as Han Precision
Industry Co., Ltd. 07/1996 Changed company name to Baiksan Han
Precision Co., Ltd. 05/2000 Designated as a Venture Business 02/2002 Changed company name to the present
name 09/04/2008 Designated as a Venture Business
again 11/2010 Awarded US$ 50 Million Export Top
Prize |
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Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Kim Sang-Hwa |
Korean |
1940. 04.08 |
- |
|
President |
Mr. |
Kim Han-Sung |
Korean |
1969. 03.09 |
Soongshil University, Korea |
|
Sr. Executive Director |
Mr. |
Lee Woo-Young |
Korean |
1955. 04.16 |
Hanyang University, Korea |
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Executive Director |
Mr. |
Ahn Sung-Boong |
Korean |
1953. 03.25 |
Seoul National University, Korea |
|
Executive Director |
Mr. |
Hwang Young-Ho |
Korean |
1958. 08.18 |
Yonsei University, Korea |
|
Executive Director |
Mr. |
Lee Bum-Jin |
Korean |
1962. 09.02 |
Inha University, Korea |
|
Auditor |
Mr. |
Kim Young-Bok |
Korean |
1944. 07.10 |
Korea University, Korea |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
14,852,715,786 |
78,089,786,919 |
206,804,164 |
|
|
2010 |
63,002,198,166 |
71,801,818,876 |
5,279,959,586 |
|
2009 |
68,572,960,247 |
66,219,417,150 |
7,169,897,798 |
|
2008 |
51,649,478,123 |
72,844,293,273 |
-14,088,024,813 |
(*)03/2011 ‘s figures are based on the K-IFRS Accounting System.
Financial Description
|
Authorized Capital(KRW) |
15,000,000,000 |
|
Paid-Up Capital(KRW) |
7,650,000,000 |
|
Total Issues Shares |
15,300,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
01/01/2011~03/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
78,089,786,919 |
77,488,509,018 |
|
|
Current
Assets |
37,482,594,504 |
38,459,817,019 |
|
|
Cash & Cash Equivalents |
607,599,877 |
1,005,892,656 |
|
|
Trade Receivables & Other
Receivables |
24,753,362,675 |
24,449,848,475 |
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Other Current Financial
Instruments |
302,505,000 |
319,531,323 |
|
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Inventories |
11,308,614,973 |
12,268,934,498 |
|
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Deferred Income Tax Assets |
380,300 |
55,570 |
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Other Current Non-Financial
Instruments |
510,131,679 |
415,554,497 |
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Non-Current
Assets |
40,607,192,415 |
39,028,691,999 |
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Investment_Related Companies |
211,399,838 |
101,399,838 |
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Other Non-Current Financial
Instruments |
259,311,009 |
255,648,250 |
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Tangibles |
36,409,293,946 |
34,894,733,605 |
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Intangibles |
1,632,295,892 |
1,701,065,161 |
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Deferred Income Tax Assets |
1,892,060,970 |
2,011,114,385 |
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Other Non-Current Non-Financial
Instruments |
202,830,760 |
64,730,760 |
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Total
Liabilities |
32,364,674,126 |
30,518,787,114 |
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Current
Liabilities |
30,978,262,454 |
29,317,911,916 |
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Short-Term Borrowings |
23,348,917,292 |
22,119,665,571 |
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Trade Payables & Other
Payables |
5,883,624,292 |
6,262,670,366 |
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Other Current Financial Debts |
1,734,273,778 |
887,960,913 |
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Other Current Debts |
11,447,092 |
47,615,066 |
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Non-Current
Liabilities |
1,386,411,672 |
1,200,875,198 |
|
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Provision for Severance & Retirement |
1,386,411,672 |
1,200,875,198 |
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Capital
Stock |
7,650,000,000 |
7,650,000,000 |
|
|
Capital Surplus |
15,166,074,986 |
15,166,074,986 |
|
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Others |
-4,003,820,082 |
-4,012,406,807 |
|
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Profit Surplus |
26,912,857,889 |
28,166,053,725 |
|
|
Total Equity |
45,725,112,793 |
46,969,721,904 |
|
|
Liab. & Shareholder’s Equity |
78,089,786,919 |
77,488,509,018 |
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Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
71,801,818,876 |
66,219,417,150 |
72,844,293,273 |
|
Current Assets |
34,694,423,873 |
32,889,497,151 |
36,050,087,694 |
|
-Quick Assets |
22,424,434,239 |
23,479,734,406 |
24,072,246,313 |
|
-Inventories |
12,269,989,634 |
9,409,762,745 |
11,977,841,381 |
|
Fixed Assets |
37,107,395,003 |
33,329,919,999 |
36,794,205,579 |
|
-Investment |
357,048,088 |
560,462,525 |
81,177,382 |
|
-Tangibles |
34,894,733,605 |
30,680,131,585 |
34,698,205,126 |
|
-Intangibles |
1,642,765,161 |
1,876,348,759 |
785,046,998 |
|
-Others |
212,848,149 |
212,977,130 |
1,229,776,073 |
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Total Liabilities |
24,041,558,966 |
22,279,116,826 |
35,631,244,747 |
|
Current Liabilities |
22,875,610,812 |
20,444,924,292 |
27,974,616,117 |
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Fixed Liabilities |
1,165,948,154 |
1,834,192,534 |
7,656,628,630 |
|
Capital Stock |
7,650,000,000 |
7,650,000,000 |
7,650,000,000 |
|
Capital Surplus |
15,166,074,986 |
15,166,074,986 |
15,166,074,986 |
|
Profit Surplus |
28,836,427,724 |
25,016,468,138 |
18,289,216,340 |
|
Capital Adjustment |
-3,892,242,800 |
-3,892,242,800 |
-3,892,242,800 |
|
Total Equity |
47,760,259,910 |
43,940,300,324 |
37,213,048,526 |
|
Liab. &
Shareholder’s Equity |
71,801,818,876 |
66,219,417,150 |
72,844,293,273 |
Income
Statement
|
|||
|
Unit : Korean Won |
01/01/2011~03/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
14,852,715,786 |
|
|
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Cost of Sold Goods |
12,601,774,021 |
|
|
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Gross Profit |
2,250,941,765 |
|
|
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Selling & Admin. Expenses |
1,942,213,048 |
|
|
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Other Operating Income |
1,918,996 |
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|
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Other Operating Expenses |
9,636,218 |
|
|
|
Operating Income |
301,011,495 |
|
|
|
Finance Expenses |
28,749,994 |
|
|
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Income Before Taxes |
329,761,489 |
|
|
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Income Taxes Expenses |
122,957,325 |
|
|
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Net Income from the Continuous Business |
206,804,164 |
|
|
|
Net Income |
206,804,164 |
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|
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
63,002,198,166 |
68,572,960,247 |
51,649,478,123 |
|
Cost of Sold Goods |
49,318,228,134 |
51,372,998,420 |
40,741,574,387 |
|
Gross Profit |
13,683,970,032 |
17,199,961,827 |
10,907,903,736 |
|
Selling & Admin. Expenses |
6,922,662,508 |
6,088,193,399 |
8,775,880,558 |
|
Operating Income |
6,761,307,524 |
11,111,768,428 |
2,132,023,178 |
|
Non-Operating Income |
4,274,245,025 |
6,263,861,595 |
8,715,813,701 |
|
Non-Operating Expenses |
5,482,478,085 |
8,623,947,056 |
27,348,490,889 |
|
Income Before Taxes |
5,553,074,464 |
8,751,682,967 |
-16,500,654,010 |
|
Income Taxes Expenses |
273,114,878 |
1,581,785,169 |
-2,412,629,197 |
|
Net Income |
5,279,959,586 |
7,169,897,798 |
-14,088,024,813 |
Cash
Flows
|
|||
|
Unit : Korean Won |
01/01/2011~03/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating
Activities Cash Flows |
1,516,582,535 |
|
|
|
Net Income |
206,804,164 |
|
|
|
Interests Received |
0 |
|
|
|
Interests Paid |
0 |
|
|
|
Income Taxes |
0 |
|
|
|
Cash
Flows from Investing |
-3,502,530,223 |
|
|
|
Cash
Flows from Financing |
1,587,654,909 |
|
|
|
Increase/Decrease
in Cash |
-398,292,779 |
|
|
|
Cash at
the Beginning of Year |
1,005,892,656 |
|
|
|
Cash at
the End of Year |
607,599,877 |
|
|
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
8,127,463,454 |
20,644,347,808 |
10,352,320,292 |
|
-Net Income |
5,279,959,586 |
7,169,897,798 |
-14,088,024,813 |
|
-Exp. without Cash Outflow |
9,269,353,845 |
9,655,170,908 |
36,168,866,775 |
|
-Revenue without Cash Inflows |
-2,053,439,625 |
-2,104,921,329 |
-2,957,535,406 |
|
-Changes in Asset/ & Liability |
-4,368,410,352 |
5,924,200,431 |
-8,770,986,264 |
|
Cash Flows from Investing |
-14,585,317,019 |
-12,089,572,616 |
-14,167,350,263 |
|
-Cash Inflow from Investing |
163,481,182 |
1,355,001,836 |
270,469,349 |
|
-Cash Outflows for Investing |
-14,748,798,201 |
-13,444,574,452 |
-14,437,819,612 |
|
Cash Flows from Financing |
5,531,796,919 |
-7,308,850,400 |
3,468,958,000 |
|
-Cash Inflows from Financing |
20,633,772,601 |
11,700,196,214 |
21,372,558,000 |
|
-Cash Outflows from Financing |
-15,101,975,682 |
-19,009,046,614 |
-17,903,600,000 |
|
Increase/Decrease in Cash |
-926,056,646 |
1,245,924,792 |
-346,071,971 |
|
Cash at the Beginning of Year |
1,931,949,302 |
686,024,510 |
1,032,096,481 |
|
Cash at the End of Year |
1,005,892,656 |
1,931,949,302 |
686,024,510 |
Trade Partners & Competitors
|
Competitors |
SAMSUNG SDS CO., LTD. ILOK BLDG., 707-19, YEOKSAM 2-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2-3429-2114 FAX:+82-2-3429-2100 KOREA ELECTRIC POWER DATA NETWORK CO., LTD. 1355, SEOCHO 2-DONG, SEOCHO-GU, SEOUL,
KOREA TEL:+82-2-6262-6114 FAX:+82-2-6262-6179 DREAMINTEK CO., LTD. USEONG BLDG., 333, CHANGJEON-DONG, MAPO-GU,
SEOUL, KOREA TEL:+82-2-3141-7575 FAX:+82-2-3141-8205 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
BAIKSAN CO.,LTD.(114711-0003729) BAIKSAN LINTEX CO., LTD.(135011-0055456) BAIKSAN OPC INC(USA) BAIKSAN OPC GMBH(GERMANY) BAIKSAN OPC EUROPE, LTD.(UK) |
|
Subsidiary |
BAIKSAN ITC |
Sales by Region
(Activity & Markets)
|
Sales/ Unit :Thousand KRW |
2010 |
2009 |
2008 |
|
Export |
14,039,939 |
59,422,624 |
|
|
Domestic |
803,751 |
3,505,017 |
|
|
Others |
9,026 |
74,557 |
|
|
Total |
14,852,716 |
63,002,198 |
|
The Subject deals
with the companies in Germany, UK and America.
Court Action
No.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.77 |
|
UK Pound |
1 |
Rs.73.45 |
|
Euro |
1 |
Rs.64.55 |
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 |
|
---- |
NB |
New Business |
---- |
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.