MIRA INFORM REPORT
|
Report Date : |
14.09.2011 |
IDENTIFICATION DETAILS
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Name : |
KIMANSON INSTRUMENTS CO., LTD. |
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Registered Office : |
1503, Eoeum-ri, Aewol-eup, Jeju-si, Jeju-do, Korea, Zip Code 695-914 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
03.04.1987 |
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Com. Reg. No.: |
130-81-20174 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacture of Other Sound Equipment |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
KIMANSON INSTRUMENTS CO., LTD. (Korean Company Name : “키멘슨전자(주)”) |
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Registered Address |
1503, Eoeum-ri, Aewol-eup, Jeju-si,
Jeju-do, Korea |
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Zip Code |
695-914 |
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Tel |
+82-64-797-7723 |
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Fax |
+82-64-799-8396 |
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E-mail |
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Website |
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Trading Address |
1503, Eoeum-ri, Aewol-eup, Jeju-si,
Jeju-do, Korea |
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Tel |
+82-64-797-7723 |
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Fax |
+82-64-799-8396 |
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Other Address |
44-8, Wonmi-dong, Wonmi-gu, Bucheon-si,
Gyeonggi-do, Korea |
|
Type |
Export |
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Industry |
Manufacture of Other Sound Equipment |
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Main Business |
Amplifiers Description, Effects Description, Mixer Description, Power
amp Description |
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Established (mm/dd/yyyy) |
04/03/1987 |
The Subject owns
the premises of registered HQ address.
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Amplifiers(32101514) |
|
Sell |
Audio visual equipment accessories(52161600) |
CEO’s
|
Name |
An Myung-Soo |
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Address |
1062, Gwangnyeong 1-ri, Aewol-eup, Jeju-si,
Jeju-do, Korea |
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Date of Birth |
04/03/1952 |
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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 |
130 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Jeju Bank Shinhan Bank SC. First Bank of Korea |
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Corporate Registered No. |
134911-0002508 |
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Business Registered No. |
130-81-20174 |
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Permit & Licenses |
Int’l Trade No.: 984298 |
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Shareholder Position |
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Company History |
04/03/1987 Incorporated as the present name 12/13/2007 Moved to the present HQ address
from 44-8,
Wonmi-dong, Wonmi-gu, Bucheon-si, Gyeonggi-do, Korea 11/23/2008 Increased the authorized shares
to 600,000 shares from 40,000 shares 12/22/2009 Increased capital to 300,000,000
KRW from 100,000,000 KRW |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
An Myung-Soo |
Male |
Korean |
11/23/2005 |
|
Director |
Mr. |
Choi Cheol-Soo |
Male |
Korean |
11/23/1999 |
|
Auditor |
Mr. |
Kim Jong-Ho |
Male |
Korean |
05/06/2003 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
43,178,874,518 |
28,299,228,993 |
762,161,721 |
|
|
2009 |
38,701,129,815 |
26,229,897,120 |
576,310,399 |
|
2008 |
27,276,320,493 |
27,484,254,285 |
-3,783,235,157 |
|
2007 |
25,178,556,118 |
27,028,448,404 |
440,117,957 |
|
2006 |
19,738,107,369 |
9,187,619,070 |
838,882,490 |
The 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) |
3,000,000,000 |
|
Paid-Up Capital(KRW) |
300,000,000 |
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Total Issues Shares |
60,000 |
Balance
Sheet
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|||
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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 |
28,299,228,993 |
26,229,897,120 |
27,484,254,285 |
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Current Assets |
15,337,432,520 |
12,639,567,050 |
11,706,129,535 |
|
-Quick Assets |
6,318,927,027 |
4,213,140,898 |
5,266,768,345 |
|
-Inventories |
9,018,505,493 |
8,426,426,152 |
6,439,361,190 |
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Fixed Assets |
12,961,796,473 |
13,590,330,070 |
15,778,124,750 |
|
-Investment |
716,653,400 |
716,653,400 |
716,653,400 |
|
-Tangibles |
12,133,894,459 |
12,749,965,944 |
15,003,875,470 |
|
-Intangibles |
22,577,634 |
18,544,746 |
- |
|
-Others |
88,670,980 |
105,165,980 |
57,595,880 |
|
Total Liabilities |
26,524,239,938 |
25,217,069,786 |
27,247,737,350 |
|
Current Liabilities |
16,955,090,519 |
14,401,672,214 |
14,661,813,543 |
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Fixed Liabilities |
9,569,149,419 |
10,815,397,572 |
12,585,923,807 |
|
Capital Stock |
300,000,000 |
300,000,000 |
100,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
1,474,989,055 |
712,827,334 |
136,516,935 |
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Capital Adjustment |
- |
- |
- |
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Total Equity |
1,774,989,055 |
1,012,827,334 |
236,516,935 |
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Liab. & Shareholder’s Equity |
28,299,228,993 |
26,229,897,120 |
27,484,254,285 |
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Current
Liabilities |
16,955,090,519 |
14,401,672,214 |
14,661,813,543 |
|
Trade Payables |
6,155,677,259 |
3,495,378,915 |
1,587,563,897 |
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Account Payables |
1,030,421,295 |
650,027,728 |
725,591,120 |
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Withholdings |
10,193,300 |
11,283,210 |
9,910,470 |
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Guarantee Deposit Withhold |
- |
4,185,000 |
4,185,000 |
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Advance Receipts |
3,044,904,428 |
3,999,102,973 |
4,561,329,478 |
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Short-Term Borrowings |
5,242,000,000 |
5,380,000,000 |
7,050,000,000 |
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Accrued Expenses |
19,394,237 |
48,555,630 |
45,061,530 |
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Current Portion of Long-Term Debts |
1,452,500,000 |
813,138,758 |
678,172,048 |
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Fixed
Liabilities |
9,569,149,419 |
10,815,397,572 |
12,585,923,807 |
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Long-Term Borrowings |
9,433,004,000 |
10,735,504,000 |
12,509,075,029 |
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Provision for Severance & Retirement |
217,710,224 |
130,760,572 |
65,993,658 |
Income
Statement
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|||
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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 |
43,178,874,518 |
38,701,129,815 |
27,276,320,493 |
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Cost of Sold Goods |
39,295,947,477 |
36,459,082,457 |
28,085,147,042 |
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Gross Profit |
3,882,927,041 |
2,242,047,358 |
-808,826,549 |
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Selling & Admin. Expenses |
2,232,219,991 |
2,100,206,359 |
1,897,019,821 |
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Operating Income |
1,650,707,050 |
141,840,999 |
-2,705,846,370 |
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Non-Operating Income |
598,185,529 |
2,562,018,679 |
1,861,219,281 |
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Non-Operating Expenses |
1,486,730,858 |
2,127,549,279 |
2,938,608,068 |
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Income Before Taxes |
762,161,721 |
576,310,399 |
-3,783,235,157 |
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Income Taxes Expenses |
- |
- |
- |
|
Net Income |
762,161,721 |
576,310,399 |
-3,783,235,157 |
Cash
Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
981,837,806 |
-509,550,642 |
437,081,972 |
|
-Net Income |
762,161,721 |
576,310,399 |
-3,783,235,157 |
|
-Exp. without Cash Outflow |
1,181,933,359 |
1,487,398,341 |
1,728,763,243 |
|
-Revenue
without Cash Inflows |
- |
-1,579,025,405 |
(263,816) |
|
-Changes in
Asset/ & Liability |
-962,257,274 |
-994,233,977 |
2,491,817,702 |
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Cash Flows
from Investing |
-328,299,811 |
2,609,774,034 |
-2,253,696,324 |
|
-Cash Inflow
from Investing |
76,495,000 |
3,084,954,256 |
452,466,055 |
|
-Cash
Outflows for Investing |
-404,794,811 |
-475,180,222 |
-2,706,162,379 |
|
Cash Flows
from Financing |
-801,138,758 |
-3,123,604,319 |
2,638,654,801 |
|
-Cash
Inflows from Financing |
- |
600,000,000 |
13,096,591,000 |
|
-Cash Outflows
from Financing |
-801,138,758 |
-3,723,604,319 |
-10,457,936,199 |
|
Increase/Decrease
in Cash |
-147,600,763 |
-1,023,380,927 |
822,040,449 |
|
Cash at the
Beginning of Year |
188,796,187 |
1,212,177,114 |
390,136,665 |
|
Cash at the End
of Year |
41,195,424 |
188,796,187 |
1,212,177,114 |
Products, Technologies, Services Description
|
Main Products & Services |
Amplifiers and Accessory Products |
Trade Partners & Competitors
|
Competitors |
BEST SOUND ELECTRONICS CO., LTD. 58B-4L, NAMDONG INDUSTRIAL COMPLEX, 626-3,
GOJAN-DONG, NAMDONG-GU, INCHEON, KOREA TEL:+82-32-500-1700~7 FAX:+82-32-554-6205~6 INTER M CORPORATION 226-9, DEOKJEONG-DONG, YANGJU-SI,
GYEONGGI-DO, KOREA TEL:+82-31-860-7111~8 FAX:+82-31-858-1905 BLUECOM CO., LTD. 11-80, SONGDO-DONG, YEONSU-GU, INCHEON,
KOREA TEL:+82-32-810-0500 FAX:+82-32-810-0600 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Subsidiary |
KIMANSON INSTRUMENTS (VIETNAM) CO., LTD. (100.0% held by the subject company) |
|
Cooperative Enterprise |
-Insured Company HYUNDAI MARINE & FIRE INSURANCECO., LTD.(110111-0035893) SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078) HANWHA NON-LIFE INSURANCE CO., LTD.(110111-0006456) |
Sales by Region
(Activity & Markets)
The Subject deals
with the companies in Vietnam.
Court Action
No.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.10 |
|
UK Pound |
1 |
Rs.74.64 |
|
Euro |
1 |
Rs.64.42 |
RATING EXPLANATIONS
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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 |
|
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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.