MIRA INFORM REPORT

 

 

Report Date :

13.04.2012

 

IDENTIFICATION DETAILS

 

Name :

DAEHAN MEDICAL SUPPLY CO., LTD.

 

 

Registered Office :

150, Mongmi-ri, Angseong-myeon, Chungju-si, Chungbuk, Korea

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

25.02.1997

 

 

Com. Reg. No.:

303-81-17772

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Manufacture of Pharmaceutical Goods Other Than Medicaments

 

 

No. of Employees :

10

 

 

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 :

Unknown

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 30, 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

DAEHAN MEDICAL SUPPLY CO., LTD.

(Korean Company Name : “()대한위재상사”)

Registered Address

150, Mongmi-ri, Angseong-myeon, Chungju-si, Chungbuk, Korea

Zip Code

380-860

Tel

+82-43-857-5516

Fax

+82-43-857-5518

E-mail

itime@hananet.net;pjs2154@hotmail.com

Trading Address

364-8, Jangan-dong, Dongdaemun-gu, Seoul, Korea

Tel

+82-2-432-9311

Fax

+82-2-2208-2118

Type

Export/Import

Industry

Manufacture of Pharmaceutical Goods Other Than Medicaments

  Main Business

Gauze, Cotton

Established (mm/dd/yyyy)

02/25/1997

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Gauze bandages(42311511)

Sell

Bandages and dressings and related products(42311500)

Sell

Medical equipment and accessories and supplies(42000000)

 

 

CEO’s

 

Name

Park Sun-Kyu

Address

Suite 1007-901, 329-2, Jangan-dong, Dongdaemun-gu, Seoul, Korea

Date of Birth

03/01/1956

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

10

Formation

Co., Ltd by shares

Bank Details

Industrial Bank of Korea-Kil Dong Branch

Kookmin Bank-Gangmyung Branch

Corporate Registered No.

151111-0009336

Business Registered No.

303-81-17772

Permit & Licenses

Int’l Trade No.: 11484392

Shareholder Position

Name

Shares

%

PARK SUN-KYU

4,400

88.00

PARK JONG-EUN & PARK JONG-MIN

600

12.00

TOTAL

5,000

100.00

Company History

02/25/1997 Incorporated as the present name

03/27/2007 Moved Seoul Office to 105, Gil-dong, Gangdong-gu, Seoul, Korea from 371-123, Myeonmok-dong, Jungnang-gu, Seoul, Korea

02/24/2009 Moved Seoul Office to the present trading address from 105, Gil-dong, Gangdong-gu, Seoul, Korea

04/22/2009 Ordered to stop the importing affair during 05/01/2009~07/15/2009 due to unsuitability of DAEHAN WEJAEABSOR BENT COTTON-a, and its violation of Law of Medicine(62 Clause)

03/19/2010 Moved the trading address to the present address from 382-5, Jangan-dong, Dongdaemun-gu, Seoul, Korea

 

 

 

 

Detailed Information

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Park Sun-Kyu

Male

Korean

03/27/2007

Director

Mr.

Park Jong-Eun

Male

Korean

03/27/2007

Director

Mr.

Park Jong-Min

Male

Korean

03/27/2007

Auditor

Mr.

Park Jong-Soo

Male

Korean

05/24/2004

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

10,248,000,000

7,928,000,000

664,000,000

2008

 

 

 

2007

7,731,000,000

5,870,000,000

364,000,000

2006

7,233,000,000

5,596,000,000

194,000,000

2005

6,560,000,000

3,819,000,000

124,000,000

2004

5,810,000,000

3,698,000,000

130,000,000

2003

4,707,000,000

2,929,000,000

90,000,000

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)

200,000,000

Paid-Up Capital(KRW)

50,000,000

Total Issued Shares

5,000

 

 

 

 

 

Balance Sheet

 

Unit : Million Korean Won

As of 12/31/2009

As of 12/31/2008

As of 12/31/2007

Total Assets

7,928

 

5,870

Current Assets

3,528

 

3,013

-Quick Assets

3,420

 

2,995

-Inventories

108

 

18

Fixed Assets

4,400

 

2,858

-Investment

8

 

4

-Tangibles

4,172

 

2,734

-Intangibles

0

 

120

-Others

220

 

 

Total Liabilities

5,769

 

4,667

Current Liabilities

5,769

 

4,667

Fixed Liabilities

0

 

- 

Capital Stock

50

 

50

Capital Surplus

0

 

-

Profit Surplus

2,109

 

1,153

Capital Adjustment

0

 

-

Total Equity

2,159

 

1,203

Liab. & Shareholder’s Equity

7,928

 

5,870

 

 

Income Statement

 

Unit : Million Korean Won

As of 12/31/2009

As of 12/31/2008

As of 12/31/2007

Sales

10,248

 

7,731

Cost of Sold Goods

9,097

 

6,647

Gross Profit

1,151

 

1,084

Selling & Admin. Expenses

877

 

692

Operating Income

274

 

391

Non-Operating Income

459

 

28

Non-Operating Expenses

69

 

56

Income Before Taxes

664

 

364

Income Taxes Expenses

0

 

-

Net Income

664

 

364

 

 

Products, Technologies, Services Description

 

Main Products & Services

Gauze, Cotton

 

 

Trade Partners & Competitors

 

Competitors

BONA MEDICAL SUPPLY CO., LTD.

787, JUNG-RI, DONGTAN-MYEON, HWASEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-377-8091  FAX:+82-31-377-8095

 

SUNG SIM MEDICAL SUPPLY CO., LTD.

94-97, YEONGDEUNGPODONG 7-GA, YEONGDEUNGPO-GU, SEOUL, KOREA

TEL:+82-2-2633-0019  FAX:+82-2-2677-2286

 

PENMIX LTD.

297-5, GUNSEO-RI, JIKSAN-EUP, SEOBUK-GU, CHEONAN-SI, CHUNGCHEONGNAM-DO, KOREA

TEL:+82-41-580-5900  FAX:+82-41-580-5906

 

 

Sales by Region (Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.51.44

UK Pound

1

Rs.81.96

Euro

1

Rs.67.60

 

 

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.