MIRA INFORM REPORT
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Report Date : |
09.05.2011 |
IDENTIFICATION DETAILS
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Name : |
HANSUNG HIGH FREQUENCY CO., LTD. |
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Registered Office : |
717-2, Seonggok-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea, 4Ba-401-2, Sihwa Industrial Complex, Zip Code 425-836 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
14.05.2008 |
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Com. Reg. No.: |
134-86-48086 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Other Electrical 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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
HANSUNG HIGH
FREQUENCY CO., LTD. (Korean Company
Name : “(주)한성고주파”) |
|
Registered Address |
717-2, Seonggok-dong, Danwon-gu, Ansan-si,
Gyeonggi-do, Korea |
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Building |
4Ba-401-2, Sihwa Industrial Complex |
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Zip Code |
425-836 |
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Tel |
+82-31-499-7811~2 |
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Fax |
+82-31-499-7909 |
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E-mail |
webmaster@hshf.co.kr |
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Website |
www.hshf.co.kr |
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Trading Address |
4Ba-401-2, Sihwa Industrial Complex,
717-2, Seonggok-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea |
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Tel |
+82-31-499-7811~2 |
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Fax |
+82-31-499-7909 |
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Type |
Export |
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Industry |
Manufacture of Other Electrical Equipment n.e.c. |
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Main
Business |
Fin Tube Welding Machine, High Frequency
Welding Machine, Spiral Fin Tube, High Frequency Welder, Fin Tube, Finned
Tube |
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Established (mm/dd/yyyy) |
05/14/2008 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Soldering and brazing and welding machinery
and supplies(23171500) |
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Sell |
Adhesive or glue application
systems(23153401) |
CEO’s
|
Name |
Hwang Seok-Joong |
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Address |
Suite 202-1204, 548, Daeya-dong,
Siheung-si, Gyeonggi-do, Korea |
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Date of Birth |
06/15/1964 |
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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) |
300,000,000 |
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Employees |
13 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Nonghyup Bank |
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Corporate Registered No. |
131411-0211963 |
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Business Registered No. |
134-86-48086 |
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Permit & Licenses |
Int’l Trade No.: 30653715 |
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Shareholder Position |
N/A |
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Company History |
05/14/2008 Incorporated as the present name |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Hwang Seok-Joong |
Male |
Korean |
03/31/2011 |
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Director |
Mr. |
Song Hae-Sung |
Male |
Korean |
03/31/2011 |
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Director |
Mr. |
You Byung-Ho |
Male |
Korean |
03/31/2011 |
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Director |
Mr. |
Lim Yeon-Hyung |
Male |
Korean |
03/31/2011 |
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Auditor |
Mr. |
Hwang Si-Joong |
Male |
Korean |
03/31/2011 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
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2008 |
2,658,000,000 |
1,777,000,000 |
259,000,000 |
The latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
Financial Description
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Authorized Capital(KRW) |
1,200,000,000 |
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Paid-Up Capital(KRW) |
300,000,000 |
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Total Issues Shares |
60,000 |
Balance Sheet
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Unit : Million Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Total Assets |
|
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1,777 |
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Current Assets |
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|
1,550 |
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-Quick Assets |
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|
1,270 |
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-Inventories |
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|
280 |
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Fixed Assets |
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227 |
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-Investment |
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75 |
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-Tangibles |
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- |
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-Intangibles |
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- |
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Total Liabilities |
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1,217 |
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Current Liabilities |
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1,217 |
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Fixed Liabilities |
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- |
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Capital Stock |
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300 |
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Capital Surplus |
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- |
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Profit Surplus |
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|
259 |
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Capital Adjustment |
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- |
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Total Equity |
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|
559 |
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Liab. &
Shareholder’s Equity |
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|
1,777 |
Income Statement
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Unit : Million Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Sales |
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2,658 |
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Cost of Sold Goods |
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|
2,020 |
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Gross Profit |
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|
638 |
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Selling & Admin. Expenses |
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|
335 |
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Operating Income |
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|
303 |
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Non-Operating Income |
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23 |
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Non-Operating Expenses |
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9 |
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Ordinary Income |
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|
316 |
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Special Income |
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- |
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Income Before Taxes |
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|
316 |
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Income Taxes Expenses |
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|
57 |
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Net Income |
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|
259 |
Products, Technologies, Services Description
|
Main Products & Services |
Fin Tube Welding Machine, High Frequency
Welding Machine, Spiral Fin Tube, High Frequency Welder, Fin Tube, Finned
Tube |
Trade Partners & Competitors
|
Competitors |
DONG YEONG ENGINEERING CO., LTD. 263-10, JINAE-DONG, GIMHAE-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-321-5041 FAX:+82-55-321-5062 BUMHAN ELECTRONIC MFG. CORP. 641-10, DEUNGCHON 1-DONG, GANGSEO-GU,
SEOUL, KOREA TEL:+82-2-3661-6378 FAX:+82-2-3662-2952 TAE YANG SYSTEM CO. 1008-12, JISAN 1-DONG, SUSEONG-GU, DAEGU,
KOREA TEL:+82-53-763-4125~6 FAX:+82-53-763-4127 |
Sales by Region
(Activity &
Markets)
Not Available.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.78 |
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UK Pound |
1 |
Rs.73.43 |
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Euro |
1 |
Rs.65.27 |
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 |
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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.