MIRA INFORM REPORT

 

 

Report Date :

21.09.2011

 

IDENTIFICATION DETAILS

 

Name :

TNS CO., LTD.

 

 

Registered Office :

1702, Sangyeok 2-dong, Buk-gu, Daegu, Korea 702-845

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

03.02.2000

 

 

Com. Reg. No.:

504-81-32599

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Manufacture of Boards for Electric Control or Distribution

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

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)

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

TNS CO., LTD.

(Korean Company Name : “(주)티엔에스”)

Registered Address

1702, Sangyeok 2-dong, Buk-gu, Daegu, Korea

Zip Code

702-845

Tel

+82-53-384-1702

Fax

+82-53-384-1904

E-mail

ins@ tns.co.kr;lhk@tns.co.kr;tnssjs@tns.co.kr

Website

www.tns.co.kr

Trading Address

1702, Sangyeok 2-dong, Buk-gu, Daegu, Korea

Tel

+82-53-384-1702

Fax

+82-53-384-1904

Other Address-Geomdan Branch

777-86, Geomdan-dong, Buk-gu, Daegu, Korea

Type

Export

Industry

Manufacture of Boards for Electric Control or Distribution

  Main Business

Embroidery Control System

Established (mm/dd/yyyy)

02/03/2000

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Distribution and Control centers and accessories(39121100)

Sell

Textile processing machinery and accessories(23121500)

Sell

Network applications software(43232700)

Buy

Bare printed circuit boards(32131010)

Buy

Alternating current AC motors(26101602)

Buy

Light emitting diodes LEDs(32111503)

Buy

Liquid crystal display LCD panels or monitors(43211902)

Buy

Aluminum(11101705)

Buy

Electrical wire(26121500)

Buy

Electrical receptacles(39121406)

Buy

Servomotors(26101606)

Buy

Bare printed circuit boards(32131010)

Buy

Iron plate(30102203)

Buy

Diodes(32111500)

Buy

Ball bearings(31171504)

Buy

Capacitors(32121500)

 

 

CEO’s

 

Name

Song Jae-Sung

Address

Suite 107-1903, 500-1, Sangyeok-dong, Buk-gu, Daegu, Korea

Date of Birth

08/07/1968

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

250,000,000

Employees

19

Formation

Co., Ltd by shares

Venture Business

Bank Details

Daegu Bank

Corporate Registered No.

170111-0166943

Business Registered No.

504-81-32599

Permit & Licenses

01/28/2005 ISO 9001

 

Int’l Trade No.: 13108984

Shareholder Position

Name

Shares

%

SONG JAE-SUNG & HIS FAMILY

50,000

100.00

TOTAL

50,000

100.00

Company History

02/03/2000 Incorporated as the present name

12/11/2002 Moved to the present HQ address from Suite 107-1903, 500-1, Sangyeok-dong, Buk-gu, Daegu, Korea

08/11/2005 Increased the authorized shares to 200,000 shares from 40,000 shares

08/12/2005 Increased capital to 250,000,000 KRW from 50,000,000 KRW

03/24/2006 Designated as a Venture Business

06/13/2006 Designated as a Promising SME

03/24/2008 Designated as a Venture Business again

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Song Jae-Sung

Male

Korean

02/16/2006

Director

Mr.

Lee Won-Young

Male

Korean

02/03/2003

Director

Mr.

Kim Hyun-Cheol

Male

Korean

02/03/2003

Auditor

Mr.

Sung Won-Kyung

Male

Korean

02/03/2009

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

4,197,000,000

5,282,000,000

340,000,000

2008

1,417,000,000

4,666,000,000

37,000,000

2007

1,301,000,000

4,648,000,000

-157,000,000

2006

2,840,000,000

4,584,000,000

125,170,000

2005

2,174,000,000

3,473,000,000

92,610,000

The latest financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

 

 

Financial Description

 

Authorized Capital(KRW)

1,000,000,000

Paid-Up Capital(KRW)

250,000,000

Total Issues Shares

50,000

 

 

Balance Sheet

 

Unit : Korean Won

As of 12/31/2009

As of 12/31/2008

As of 12/31/2007

Total Assets

5,282,000,000

4,665,792,000

4,648,140,000

Current Assets

 

1,805,082,000

1,933,202,000

-Quick Assets

 

-

-

-Inventories

 

-

-

Fixed Assets

 

2,860,710,000

2,714,938,000

-Investment

 

-

-

-Tangibles

 

-

-

-Intangibles

 

-

-

Total Liabilities

3,645,000,000

3,319,139,000

3,338,273,000

Current Liabilities

 

1,629,139,000

1,930,273,000

Fixed Liabilities

 

1,690,000,000

1,408,000,000

Capital Stock

 

250,000,000

250,000,000

Capital Surplus

 

-

-

Profit Surplus

 

1,096,653,000

1,059,867,000

Capital Adjustment

 

-

-

Total Equity

1,637,000,000

1,346,653,000

1,309,867,000

Liab. & Shareholder’s Equity

5,282,000,000

4,665,792,000

4,648,140,000

 

 

Income Statement

 

Unit : Korean Won

As of 12/31/2009

As of 12/31/2008

As of 12/31/2007

Sales

4,197,000,000

1,417,083,000

1,300,846,000

Cost of Sold Goods

 

753,709,000

-

Gross Profit

 

663,374,000

1,300,846,000

Selling & Admin. Expenses

 

659,560,000

866,822,000

Operating Income

 

3,814,000

434,024,000

Non-Operating Income

 

1,690,000,000

1,408,000,000

Non-Operating Expenses

 

122,002,000

84,146,000

Income Before Taxes

 

38,471,000

399,148,000

Income Taxes Expenses

 

1,685,000

24,444,000

Net Income

340,000,000

36,786,000

374,704,000

 

Products, Technologies, Services Description

 

Main Products & Services

EZ-CARD System

Retrofit Field

IT Field(Em-Ex(Embroidery Express) Engine)

 

 

Trade Partners & Competitors

 

Competitors

MICRO CORPORATION

25-4, SOHAK-RI, NAECHON-MYEON, POCHEON-SI, GYEONGGI-DO, KOREA

TEL:+82-31-532-2922~3  FAX:+82-31-532-2810

 

KOREA ROBOT INC.

RM. 612, WORLD MERIDIAN 1-CHA, 60-24, GASAN-DONG, GEUMCHEON-GU, SEOUL, KOREA

TEL:+82-2-2113-7300  FAX:+82-2-2113-7311

 

SUNBIRD CO., LTD.

392-20, GONGNEUNG 1.3-DONG, NOWON-GU, SEOUL, KOREA

TEL:+82-2-949-2543  FAX:+82-2-974-9447

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to China, India and Vietnam.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.22

UK Pound

1

Rs.75.63

Euro

1

Rs.65.64

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.