MIRA INFORM REPORT
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Report Date : |
09.05.2011 |
IDENTIFICATION DETAILS
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Name : |
INSUNG MACHINE & ELECTRICITY CO., LTD |
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Registered Office : |
266-2, Uijeon-ri, Jinyeong-eup, Gimhae-si, Gyeongsangnam-do, Korea, Zip Code 621-801 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
18.10.1999 |
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Com. Reg. No.: |
615-81-10065 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Industrial Ovens, Furnaces and Furnace Burners |
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
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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 |
INSUNG MACHINE
& ELECTRICITY CO., LTD. (Korean Company
Name : “(주)인성기전”) |
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Registered Address |
266-2, Uijeon-ri, Jinyeong-eup, Gimhae-si,
Gyeongsangnam-do, Korea |
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Zip Code |
621-801 |
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Tel |
+82-55-323-5701~4 |
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Fax |
+82-55-323-5705 |
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E-mail |
man100@iemi.co.kr |
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Website |
www.iemi.co.kr |
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Trading Address |
266-2, Uijeon-ri, Jinyeong-eup, Gimhae-si,
Gyeongsangnam-do, Korea |
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Tel |
+82-55-323-5701~4 |
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Fax |
+82-55-323-5705 |
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Type |
Export/Import |
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Industry |
Manufacture of Industrial Ovens, Furnaces and Furnace Burners |
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Main Business |
Induction Heater, Automatic Disconnect Control Device, Magnetic Particles
Inspector |
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Established (mm/dd/yyyy) |
10/18/1999 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Heating equipment and parts and
accessories(40101800) |
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Sell |
Magnetic particle examination
equipment(41111803) |
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Sell |
Ultra pure water systems(41104206) |
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Sell |
Industrial machinery components and
accessories(23153100) |
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Buy |
Power supply transformers(39121002) |
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Buy |
Diodes(32111500) |
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Buy |
Integrated circuits(32101600) |
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Buy |
Resistors(32121600) |
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Buy |
Bolts(31161600) |
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Buy |
Asynchronous transfer mode ATM network
equipment(43221805) |
CEO’s
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Name |
Lee Seong-Dong |
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Address |
Suite 106-903, 1130, Nae-dong,
Gimhae-si, Gyeongsangnam-do, Korea |
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Date of Birth |
04/11/1960 |
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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) |
362,000,000 |
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Employees |
23 |
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Formation |
Co., Ltd by Shares Venture Business |
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Bank Details |
Busan Bank-Sasang Branch Gyungnam Bank-Sasang Branch |
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Corporate Registered No. |
184611-0035748 |
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Business Registered No. |
615-81-10065 |
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Permit & Licenses |
02/01/2009 ISO 9001 |
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Shareholder Position |
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Company History |
10/18/1999 Incorporated as the present name 03/08/2007 Designated as a Venture Business 03/09/2007 Designated as an INNO-BIZ
Company 06/01/2007 Moved to the present HQ address
from 1009-1, Daegam-ri, Sangdong-myeon, Gimhae-si,
Gyeongsangnam-do, Korea 03/03/2009 Increased the authorized shares to
100,000 shares from 20,000 shares 08/05/2009 Increased capital to 362,000,000 KRW
from 200,000,000 KRW 03/02/2010 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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Representative Director |
Mr. |
Lee Seong-Dong |
Male |
Korean |
02/18/2008 |
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Auditor |
Mr. |
Cho Hyun-Sung |
Male |
Korean |
02/18/2011 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
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2008 |
2,734,000,000 |
4,093,000,000 |
77,000,000 |
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2007 |
4,845,000,000 |
4,316,000,000 |
185,000,000 |
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2006 |
3,567,000,000 |
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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) |
1,000,000,000 |
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Paid-Up Capital(KRW) |
362,000,000 |
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Total Issues Shares |
36,200 |
Balance Sheet
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Unit : Korean Won |
As of 12/31/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
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Total Assets |
4,093 |
4,316 |
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Current Assets |
727 |
1,073 |
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-Quick Assets |
563 |
1,002 |
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-Inventories |
164 |
71 |
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Fixed Assets |
3,366 |
3,243 |
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-Investment |
212 |
82 |
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-Tangibles |
2,754 |
2,828 |
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-Intangibles |
400 |
332 |
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Total Liabilities |
3,097 |
3,397 |
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Current Liabilities |
481 |
466 |
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Fixed Liabilities |
2,616 |
2,932 |
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Capital Stock |
200 |
200 |
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Capital Surplus |
- |
- |
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Profit Surplus |
796 |
719 |
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Capital Adjustment |
- |
- |
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Total Equity |
996 |
919 |
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Liab. &
Shareholder’s Equity |
4,093 |
4,316 |
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Income Statement
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Unit : Korean Won |
As of 12/31/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
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Sales |
2,734 |
4,845 |
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Cost of Sold Goods |
2,076 |
4,306 |
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Gross Profit |
658 |
539 |
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Selling & Admin. Expenses |
413 |
615 |
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Operating Income |
245 |
-76 |
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Non-Operating Income |
75 |
458 |
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Non-Operating Expenses |
242 |
196 |
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Ordinary Income |
79 |
186 |
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Special Income |
- |
- |
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Income Before Taxes |
79 |
186 |
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Income Taxes Expenses |
2 |
2 |
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Net Income |
77 |
185 |
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Products, Technologies, Services Description
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Main Products & Services |
Induction Heater, Automatic Disconnect Control Device, Magnetic
Particles Inspector |
Trade Partners & Competitors
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Competitors |
HIGH POWER TECHNICAL CO., LTD. 11-124, SIHEUNG CIRCULATION CENTER, 984,
SIHEUNG 3-DONG, GEUMCHEON-GU, SEOUL, KOREA TEL:+82-2-804-0150 FAX:+82-2-806-4883 HIGH POWER TECHNICAL CO., LTD. 11-124, SIHEUNG CIRCULATION CENTER, 984,
SIHEUNG 3-DONG, GEUMCHEON-GU, SEOUL, KOREA TEL:+82-2-804-0150 FAX:+82-2-806-4883 DOO SUNG INDUCTION CORP. 1070, WONJI-RI, JUCHON-MYEON, GIMHAE-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-337-3000 FAX:+82-55-337-3001 |
Sales by Region
(Activity & Markets)
Not Available.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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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.