MIRA INFORM REPORT
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Report Date : |
01.11.2011 |
IDENTIFICATION DETAILS
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Name : |
ULP CO., LTD. |
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Formerly Known As : |
Ulsan Plant Co. |
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Registered Office : |
186-13, Seongam-dong, Nam-gu, Ulsan, Korea, Zip Code 680-140 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
20.10.2006 |
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Com. Reg. No.: |
610-81-84276 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Distilling Machinery, Heat exchange unit and Gas Generators Heat Exchanger, Pressure Vessel |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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South korea
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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 |
ULP CO., LTD. (Korean Company Name
: “(주)울프”) |
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Registered Address |
186-13, Seongam-dong, Nam-gu, Ulsan, Korea |
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Zip Code |
680-140 |
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Tel |
+82-52-256-9501 |
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Fax |
+82-52-256-9504 |
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E-mail |
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Website |
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Trading Address |
186-13, Seongam-dong, Nam-gu, Ulsan, Korea |
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Tel |
+82-52-256-9501 |
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Fax |
+82-52-256-9504 |
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Type |
Export/Import |
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Industry |
Manufacture of Distilling Machinery, Heat exchange unit and Gas
Generators |
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Main Business |
Heat Exchanger, Pressure Vessel |
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Established (mm/dd/yyyy) |
10/20/2006 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Heat exchangers(40101802) |
CEO’s
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Name |
Lee Sang-Chan |
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Address |
Suite 107-603, 477-1, Mugeo-dong,
Nam-gu, Ulsan, Korea |
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Date of Birth |
02/23/1968 |
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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) |
500,000,000 |
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Employees |
25 |
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Formation |
Co., Ltd by Shares Venture Business |
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Bank Details |
Busan Bank |
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Corporate Registered No. |
230111-0126407 |
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Business Registered No. |
610-81-84276 |
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Permit & Licenses |
10/12/2007 ISO9001 09/24/2008 ISO 9001 by IAF 10/2010 ISO9001 11/2010 ASEM S, U, U2 Stamp Int’l Trade No.: 17104827 |
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Shareholder Position |
N/A |
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Company History |
09/1999 Established as Ulsan Plant Co.(Sole
Proprietorship) 10/20/2006 Incorporated as the present name 05/23/2007 Moved to the present HQ address
from 30-1, Hwangseong-dong, Nam-gu, Ulsan, Korea 06/09/2008 Designated as a Venture Business 10/02/2008 Increased capital to 500,000,000
KRW from 100,000,000 KRW 07/04/2011 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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President & CEO |
Mr. |
Lee Sang-Chan |
Male |
Korean |
10/20/2009 |
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Director |
Mr. |
Ha Jae-Ho |
Male |
Korean |
10/20/2009 |
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Auditor |
M/S. |
Cho Jung-Hwa |
Female |
Korean |
10/20/2009 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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3,822,079,000 |
5,605,277,000 |
103,269,000 |
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2009 |
4,507,152,000 |
3,684,381,000 |
230,750,000 |
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2008 |
1,288,737,000 |
3,281,848,000 |
-294,670,000 |
Financial Description
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Authorized Capital(KRW) |
2,000,000,000 |
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Paid-Up Capital(KRW) |
500,000,000 |
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Total Issued Shares |
100,000 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Total Assets |
5,605,277,000 |
3,684,381,000 |
3,281,848,000 |
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Current Assets |
1,906,791,000 |
1,125,340,000 |
533,449,000 |
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-Quick Assets |
- |
- |
- |
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-Inventories |
- |
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- |
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Fixed Assets |
3,698,486,000 |
2,559,041,000 |
2,748,399,000 |
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-Investment |
- |
- |
- |
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-Tangibles |
- |
- |
- |
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-Intangibles |
- |
- |
- |
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Total Liabilities |
4,263,253,000 |
3,156,500,000 |
2,986,074,000 |
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Current Liabilities |
1,775,213,000 |
908,540,000 |
1,488,194,000 |
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Fixed Liabilities |
2,488,040,000 |
2,247,960,000 |
1,497,880,000 |
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Capital Stock |
500,000,000 |
500,000,000 |
500,000,000 |
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Capital Surplus |
- |
- |
- |
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Profit Surplus |
129,792,000 |
26,523,000 |
-204,226,000 |
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Capital Adjustment |
712,232,000 |
1,358,000 |
- |
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Total Equity |
1,342,024,000 |
527,881,000 |
295,774,000 |
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Liab. & Shareholder’s Equity |
5,605,277,000 |
3,684,381,000 |
3,281,848,000 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Sales |
3,822,079,000 |
4,507,152,000 |
1,288,737,000 |
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Cost of Sold Goods |
2,947,390,000 |
3,711,876,000 |
1,173,262,000 |
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Gross Profit |
874,689,000 |
795,276,000 |
115,475,000 |
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Selling & Admin. Expenses |
551,083,000 |
364,307,000 |
246,155,000 |
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Operating Income |
323,606,000 |
430,969,000 |
-130,680,000 |
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Non-Operating Income |
2,488,040,000 |
2,247,960,000 |
1,497,880,000 |
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Non-Operating Expenses |
226,059,000 |
201,464,000 |
164,078,000 |
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Income Before Taxes |
110,560,000 |
230,750,000 |
-294,670,000 |
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Income Taxes Expenses |
7,291,000 |
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- |
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Net Income |
103,269,000 |
230,750,000 |
-294,670,000 |
Cash
Flows
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Cash Flows from Operating |
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-Net Income |
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-Exp. without Cash Outflow |
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-Revenue without Cash Inflows |
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-Changes in Asset/ & Liability |
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Cash Flows from Investing |
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-Cash Inflow from Investing |
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-Cash Outflows for Investing |
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Cash Flows from Financing |
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-Cash Inflows from Financing |
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-Cash Outflows from Financing |
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Increase/Decrease in Cash |
2,488,040,000 |
2,247,960,000 |
1,497,880,000 |
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Cash at the Beginning of Year |
- |
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- |
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Cash at the End of Year |
226,059,000 |
201,464,000 |
164,078,000 |
Products, Technologies, Services Description
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Main Products & Services |
Heat Exchanger, Pressure Vessel |
Trade Partners & Competitors
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Customers |
DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD.(194211-0000943) S-OIL CORPORATION(110111-0189955) SK ENERGY CO. LTD.(110111-4505967) HANWHA CHEMICAL CO., LTD.(110111-0360935) |
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Competitors |
DOOSAN MECATEC CO., LTD. 64, SINCHON-DONG, CHANGWON-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-279-5555 FAX:+82-55-279-5777 SUNG JIN GEOTEC CO., LTD. 20-1, SEONGAM-DONG, NAM-GU, ULSAN, KOREA TEL:+82-52-228-5801 FAX:+82-52-228-5989 SEWON CELLONTECH CO., LTD. 11TH FL., GOOD MORNING SHINHAN SECURITIES
BLDG., 23-2, YEOEUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-2167-9000 FAX:+82-2-2167-9157 |
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.48.87 |
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UK Pound |
1 |
Rs.78.11 |
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Euro |
1 |
Rs.68.36 |
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.