MIRA INFORM REPORT
|
Report Date : |
13.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
A-JIN TECHLINE CO., LTD. |
|
|
|
|
|
|
Formerly Known As : |
A-JIN Industries
Co., Ltd. |
|
|
|
|
|
|
Registered Office : |
317-15, Seongsu 2-ga 3-dong, Seongdong-gu, Seoul, Korea, 2nd Fl., Gisan Bldg., Zip Code 133-835 |
|
|
|
|
|
|
Country : |
South korea |
|
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
|
|
Date of Incorporation : |
20.01.1995 |
|
|
|
|
|
|
Com. Reg. No.: |
205-81-31752 |
|
|
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
|
|
Line of Business : |
Manufacturer of Broadcasting 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 |
|
|
|
|
Payment
Behaviour : |
Usually Correct |
|
|
|
|
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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South korea
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Basic
|
Company Name |
A-JIN TECHLINE
CO., LTD. (Korean Company Name : “(주)아진테크라인”) |
|
Registered Address |
317-15, Seongsu 2-ga 3-dong, Seongdong-gu,
Seoul, Korea |
|
Building |
2nd Fl., Gisan Bldg. |
|
Zip Code |
133-835 |
|
Tel |
+82-2-556-6333 |
|
Fax |
+82-2-556-6402 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
2nd Fl., Gisan Bldg., 317-15, Seongsu 2-ga
3-dong, Seongdong-gu, Seoul, Korea |
|
Tel |
+82-2-556-6333 |
|
Fax |
+82-2-556-6402 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Broadcasting Apparatuses |
|
Main Business |
CATV Equipment |
|
Established (mm/dd/yyyy) |
01/20/1995 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Radio frequency transmitters or receivers(52161523) |
CEO’s
|
Name |
Chung Myong-Sup |
|
Address |
Suite 210-1305, 511, Daechi-dong,
Gangnam-gu, Seoul, Korea |
|
Date of Birth |
04/05/1947 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
2,000,000,000 |
||||||||||||
|
Employees |
24 |
||||||||||||
|
Formation |
Co., Ltd by shares Venture Business |
||||||||||||
|
Bank Details |
Korea Exchange Bank-Guro Industrial Complex
Branch Korea Development Bank-Guro Branch |
||||||||||||
|
Corporate Registered No. |
110111-1122194 |
||||||||||||
|
Business Registered No. |
205-81-31752 |
||||||||||||
|
Permit & Licenses |
2001 ISO 9001 05/2004 ISO 9001 Int’l Trade No.: 424796 |
||||||||||||
|
Shareholder Position |
|
||||||||||||
|
Company History |
04/1989 Established as A-JIN Industries
Co., Ltd. 01/20/1995 Incorporated as the present name 04/1998 Designated as a Venture Business 03/27/2001 Increased the authorized shares to
20,000,000 shares from 10,000,000 shares 06/02/2001 Spin off the par value to 500
KRW from 5,000 KRW 2005 Designated as an INNO-BIZ Company 09/29/2007 Moved to the present HQ address
from 953-17, Daechi-dong, Gangnam-gu, Seoul, Korea 10/03/2007 Increased capital to 2,000,000,000 KRW
from 1,605,000,000 KRW 12/12/2008 Designated as a Venture Business
again |
||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Chung Myong-Sup |
Male |
Korean |
01/20/1995 |
|
Director |
M/S. |
Lee Sook-Yi |
Female |
Korean |
01/20/1995 |
|
Director |
Mr. |
Lee Nam-Ho |
Male |
Korean |
03/31/2010 |
|
Auditor |
Mr. |
Jung Yoon-Sub |
Male |
Korean |
01/20/1995 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2009 |
3,793,000,000 |
3,350,000,000 |
-595,000,000 |
|
2008 |
3,021,000,000 |
3,725,000,000 |
-1,437,000,000 |
|
2007 |
3,830,000,000 |
4,959,000,000 |
-1,936,000,000 |
|
2006 |
4,298,065,051 |
5,865,815,498 |
-1,994,113,302 |
|
2005 |
5,562,320,927 |
7,418,659,339 |
-1,397,941,220 |
The latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
Financial Description
|
Authorized Capital(KRW) |
10,000,000,000 |
|
Paid-Up Capital(KRW) |
2,000,000,000 |
|
Total Issued Shares |
4,000,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
3,350,000,000 |
3,725,000,000 |
4,959,000,000 |
|
Current Assets |
|
|
|
|
-Quick Assets |
|
|
|
|
-Inventories |
|
|
|
|
Fixed Assets |
|
|
|
|
-Investment |
|
|
|
|
-Tangibles |
|
|
|
|
-Intangibles |
|
|
|
|
Total Liabilities |
5,152,000,000 |
4,932,000,000 |
4,729,000,000 |
|
Current Liabilities |
|
|
|
|
Fixed Liabilities |
|
|
|
|
Capital Stock |
|
|
|
|
Capital Surplus |
|
|
|
|
Profit Surplus |
|
|
|
|
Capital Adjustment |
|
|
|
|
Total Equity |
-1,802,000,000 |
-1,207,000,000 |
230,000,000 |
|
Liab. & Shareholder’s Equity |
3,350,000,000 |
3,725,000,000 |
4,959,000,000 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
3,793,000,000 |
3,021,000,000 |
3,830,000,000 |
|
Cost of Sold Goods |
|
|
|
|
Gross Profit |
|
|
|
|
Selling & Admin. Expenses |
|
|
|
|
Operating Income |
|
|
|
|
Non-Operating Income |
|
|
|
|
Non-Operating Expenses |
|
|
|
|
Income Before Taxes |
|
|
|
|
Income Taxes Expenses |
|
|
|
|
Net Income |
-595,000,000 |
-1,437,000,000 |
-1,936,000,000 |
Products, Technologies, Services Description
|
Main Products & Services |
CATV Equipment |
Trade Partners & Competitors
|
Competitors |
DONGYANG TELECOM CO., LTD. 653-5, DEUNGCHON 1-DONG, GANGSEO-GU, SEOUL,
KOREA TEL:+82-2-3661-5298 FAX:+82-2-3661-5498 YOUNGJUN CORPORATION 164-2, DODANG-DONG, WONMI-GU, BUCHEON-SI,
GYEONGGI-DO, KOREA TEL:+82-32-676-9881 FAX:+82-32-675-8402 DWEL CO., LTD. RM. 317, DAERYUNG TECHNO TOWN 8-CHA,
481-11, GASAN-DONG, GEUMCHEON-GU, SEOUL, KOREA TEL:+82-2-2163-0160 FAX:+82-2-2163-0164 |
Sales by Region
(Activity & Markets)
The Subject deals
with the companies in Japan, Middle East, Europe and South America.
Court Action
Not Available.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.24 |
|
UK Pound |
1 |
Rs.76.80 |
|
Euro |
1 |
Rs.67.17 |
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.