MIRA
INFORM REPORT
|
Report Date : |
02.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
ILJIN UNISCO
CORP. |
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Registered Office : |
275-1, Yangjae 2-dong, Seocho-gu, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
13.09.1983 |
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Com. Reg. No.: |
220-81-15940 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Structural Metal Sheet Products and Ornamental Metal
Works Used on Building |
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 : |
Exists |
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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
|
Company Name |
ILJIN UNISCO
CORP. (Korean Company
Name : “(주)일진유니스코”) |
|
Registered Address |
275-1, Yangjae 2-dong, Seocho-gu, |
|
Building |
7th Fl., Samho Co., Ltd. A-Bldg. |
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Zip Code |
137-940 |
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Tel |
+82-2-589-0114 |
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Fax |
+82-2-589-2100 |
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E-mail |
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|
Website |
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Trading Address |
7th Fl., Samho Co., Ltd. A-Bldg., 275-1,
Yangjae 2-dong, Seocho-gu, Seoul, Korea |
|
Tel |
+82-2-589-0114 |
|
Fax |
+82-2-589-2100 |
|
Type |
Export |
|
Industry |
Glazing Works and Erection of Doors |
|
Main Business |
Aluminum Panel, Curtain Wall, System Sash |
|
Sub
Business |
Manufacture of Structural Metal Sheet Products and Ornamental Metal
Works Used on Building |
|
Established (mm/dd/yyyy) |
09/13/1983 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Windows or door or fixture
installation(72102602) |
|
Sell |
General building construction(72130000) |
|
Sell |
General building construction(72130000) |
CEO’s
|
Name |
Park Soo-Deok |
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Address |
|
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Date of Birth |
09/27/1957 |
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Title |
President & CEO |
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Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
3,059,000,000 |
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Employees |
117 |
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Formation |
Co., Ltd by Shares A Company of ILJIN GROUP |
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Bank Details |
Hana Bank Industrial Bank of Korea Exchange Bank |
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Corporate Registered No. |
110111-0356455 |
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Business Registered No. |
220-81-15940 |
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Permit & Licenses |
Int’l Trade No.: 11890939 |
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Shareholder Position |
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Company History |
09/13/1983 Incorporated as Iljin Aluminum
Corp. 07/07/1997 Moved to the present HQ address
from 628-14, Yeoksam-dong, Gangnam-gu, 12/23/2004 Increased the authorized shares to
1,500,000 shares from 600,000 shares 12/23/2004 Increased capital to 3,059,000,000 KRW
from 1,059,000,000 KRW 12/27/2005 Changed company name to the
present name |
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Detailed Information
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Park Soo-Deok |
Male |
Korean |
01/15/2010 |
|
Director |
Mr. |
Kim Dae-Yeob |
Male |
Korean |
03/29/2008 |
|
Director |
Mr. |
Jin Sang-Cheol |
Male |
Korean |
03/29/2008 |
|
Auditor |
Mr. |
Cho Yong-Man |
Male |
Korean |
03/29/2009 |
|
Supervisor |
Mr. |
Lim Yong-Ho |
Male |
Korean |
01/15/2010 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
129,023,157,436 |
78,040,877,960 |
3,045,834,846 |
|
|
2009 |
85,124,758,087 |
72,094,001,602 |
1,314,408,408 |
|
2008 |
62,918,173,983 |
56,589,143,717 |
649,905,759 |
|
2007 |
71,380,612,028 |
44,309,529,824 |
-6,383,327,942 |
|
2006 |
61,854,403,035 |
50,367,794,271 |
521,352,515 |
Financial
Description
|
Authorized Capital(KRW) |
7,500,000,000 |
|
Paid-Up Capital(KRW) |
3,059,000,000 |
|
Total Issues Shares |
611,800 |
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
78,040,877,960 |
72,094,001,602 |
56,589,143,717 |
|
Current Assets |
64,250,124,460 |
43,118,387,024 |
28,218,326,765 |
|
-Quick Assets |
61,685,788,863 |
40,931,244,090 |
26,880,604,069 |
|
-Inventories |
2,564,335,597 |
2,187,142,934 |
1,337,722,696 |
|
Fixed Assets |
13,790,753,500 |
28,975,614,578 |
28,370,816,952 |
|
-Investment |
3,704,760,510 |
3,131,934,281 |
3,413,810,262 |
|
-Tangibles |
10,064,361,895 |
25,804,823,826 |
24,912,312,668 |
|
-Intangibles |
21,631,095 |
38,856,471 |
44,694,022 |
|
Total Liabilities |
48,647,564,220 |
42,482,733,900 |
34,551,354,133 |
|
Current Liabilities |
46,992,973,344 |
40,533,457,193 |
32,590,803,593 |
|
Fixed Liabilities |
1,654,590,876 |
1,949,276,707 |
1,960,550,540 |
|
Capital Stock |
3,059,000,000 |
3,059,000,000 |
3,059,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
14,673,452,290 |
11,780,567,444 |
10,826,517,840 |
|
Capital Adjustment |
11,660,861,450 |
14,771,700,258 |
8,152,271,744 |
|
Total Equity |
29,393,313,740 |
29,611,267,702 |
22,037,789,584 |
|
Liab. & Shareholder’s Equity |
78,040,877,960 |
72,094,001,602 |
56,589,143,717 |
|
Current Liabilities |
46,992,973,344 |
40,533,457,193 |
32,590,803,593 |
|
Trade Payables |
37,199,099,400 |
34,942,115,060 |
22,822,429,174 |
|
Short-Term Borrowings |
- |
2,025,100,000 |
8,248,649,403 |
|
Accrued Income Tax |
2,311,254,324 |
135,640,061 |
- |
|
Accrued Expenses |
2,203,418,762 |
1,734,425,350 |
824,158,360 |
|
Withholdings |
131,460,304 |
68,691,054 |
54,303,957 |
|
Advance Receipts |
2,072,278,291 |
998,082,507 |
54,418,778 |
|
Provision for Repairing |
552,389,939 |
540,373,809 |
529,886,797 |
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Provision for Construction Losses |
114,972,324 |
89,029,352 |
56,957,124 |
|
Provisions for Payment Guarantee |
2,408,100,000 |
- |
- |
|
Fixed Liabilities |
1,654,590,876 |
1,949,276,707 |
1,960,550,540 |
|
Provision for Severance & Retirement |
1,318,804,476 |
1,089,120,507 |
1,091,247,738 |
|
Leasehold Deposit Received |
337,227,000 |
863,227,000 |
874,390,802 |
Income
Statement
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
129,023,157,436 |
85,124,758,087 |
62,918,173,983 |
|
Cost of Sold Goods |
117,771,089,332 |
78,199,900,787 |
58,155,822,165 |
|
Gross Profit |
11,252,068,104 |
6,924,857,300 |
4,762,351,818 |
|
Selling & Admin. Expenses |
4,756,641,187 |
3,912,655,743 |
3,231,683,582 |
|
Operating Income |
6,495,426,917 |
3,012,201,557 |
1,530,668,236 |
|
Non-Operating Income |
5,235,795,482 |
1,771,274,195 |
1,139,017,738 |
|
Non-Operating Expenses |
6,177,240,715 |
3,308,207,733 |
2,019,780,215 |
|
Ordinary Income |
5,553,981,684 |
1,475,268,019 |
649,905,759 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
5,553,981,684 |
1,475,268,019 |
649,905,759 |
|
Income Taxes Expenses |
2,508,146,838 |
160,859,611 |
- |
|
Net Income |
3,045,834,846 |
1,314,408,408 |
649,905,759 |
Cash
Flows
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
-6,294,948,185 |
12,284,232,464 |
-1,467,391,969 |
|
-Net Income |
3,045,834,846 |
1,314,408,408 |
649,905,759 |
|
-Exp. without Cash Outflow |
6,867,391,956 |
3,891,906,309 |
2,177,580,425 |
|
-Revenue without Cash Inflows |
-4,320,332,957 |
-995,219,166 |
-1,572,449,269 |
|
-Changes in Asset/ & Liability |
-11,887,842,030 |
8,073,136,913 |
-2,722,428,884 |
|
Cash Flows from Investing |
14,947,054,058 |
-10,032,835,713 |
-2,349,370,035 |
|
-Cash Inflow from Investing |
20,248,272,692 |
2,359,766,866 |
1,134,272,197 |
|
-Cash Outflows for Investing |
-5,301,218,634 |
-12,392,602,579 |
-3,483,642,232 |
|
Cash Flows from Financing |
-2,704,050,000 |
-6,234,713,205 |
8,248,649,403 |
|
-Cash Inflows from Financing |
44,613,000,000 |
54,987,449,261 |
8,248,649,403 |
|
-Cash Outflows from Financing |
-47,317,050,000 |
-61,222,162,466 |
- |
|
Increase/Decrease in Cash |
5,948,055,873 |
-3,983,316,454 |
4,431,887,399 |
|
Cash at the Beginning of Year |
492,201,940 |
4,475,518,394 |
43,630,995 |
|
Cash at the End of Year |
6,440,257,813 |
492,201,940 |
4,475,518,394 |
Products, Technologies, Services
Description
|
Main Products & Services |
Aluminum Panel, Curtain Wall, System Sash |
Trade Partners & Competitors
|
Competitors |
JOONGANG CONSTRUCTION MATERIALS INDUSTRY
CO., LTD. 14B-12L, NAMDONG INDUSTRIAL COMPLEX,
621-12, NAMCHON-DONG, NAMDONG-GU, TEL:+82-32-816-8111 FAX:+82-32-816-8116 S & T CORPORATION 78, SEONGSAN-DONG, CHANGWON-SI, TEL:+82-55-212-6500 FAX:+82-55-212-6525 SEDAE ENERTECH CO., LTD. 309-2, BONSAN-RI, JINYEONG-EUP, GIMHAE-SI, TEL:+82-55-343-4671 FAX:+82-55-343-4673 |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates-Domestic |
ILJIN HOLDINGS CO., LTD.(120111-0011990) ILJIN DIAMOND CO., LTD.(154511-0029242) ILJIN ELECTRIC CO., LTD(134811-0159279) ILJIN DISPLAY CO., LTD.(154511-0006076) ILJIN COPPERFOIL CO., LTD.(214911-0003625) ILJIN LIGHT METAL CO., LTD.(134111-0008412) ILJIN UNISCO CORP.(110111-0356455) JEONJO TELEVISION CO., LTD.(210111-0018260) ILJIN CAPITAL.CO., LTD(110111-0711279) ITEK INVESTMENT CO., LTD.(110111-1877658) SID CO., LTD(164811-0012679) ILJIN MOTOR COMPANY(110111-1267031) ILJIN PISA CO., LTD.(110111-1346489) ILJIN C2C, LTD(110111-2587660) ILJIN NETWORKS CO., LTD.(110111-2771677) MAGMA TOOL CO., LTD.(210111-0028889) ILJIN DSP CO., LTD.(131311-0074735) BTIH(110111-2977126) INITUS CO., LTD.(110111-1544687) BIMED SYSTEM CO., LTD.(170111-0331190) ILJIN DEVELOPMENT COMPANY CO.,
LTD(110111-3929077) |
|
Affiliates-Overseas |
HANAKA ILJIN JSC ILJIN GLOBAL LTD. ILJIN EUROPA S.R.L ILJIN NETWORKS CO., LTD.(110111-2771677) |
|
Overseas Office |
QINGDAO ILJIN CURTAINWALL CO., LTD. (100.0% held by the subject company) NO.121, TEL:+86-532-8227-9312 FAX:+86-532-8227-9173 |
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Liaison Office |
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Overseas Branch |
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Joint Venture |
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Subsidiary |
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Corporate Ownership |
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Major Shareholders |
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Cooperative |
-Insured Company HYUNDAIMARINE&FIREINSURANCECO., LTD.(110111-0035893) GREEN NON-LIFE INSURANCE CO., LTD.(110111-0007082) |
Court Action
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
|
The Subject Company |
|
- |
683 |
Proceeding |
|
|
|
|
The Subject Company |
- |
756 |
Proceeding |
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
|
1 |
Rs.73.88 |
|
Euro |
1 |
Rs.65.83 |
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.