MIRA INFORM REPORT
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Report Date : |
21.04.2012 |
IDENTIFICATION DETAILS
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Name : |
JANG OH MACHINERY CO., LTD. |
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Formerly Known As : |
Jang Oh
Engineering Co |
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Registered Office : |
688-9, Gojan-dong, Namdong-gu, Incheon, Korea, 118B-11L, Namdong
Industrial Complex, Zip Code 405-820 |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
04.06.1997 |
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Com. Reg. No.: |
Co., Ltd by shares |
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Legal Form : |
118-81-17043 |
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Line of Business : |
Manufacture of Machinery and Accessories Specialized for Printing and Bookbinding |
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No. of Employees
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17 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
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Company
Name |
JANG OH
MACHINERY CO., LTD. (Korean Company
Name : “장오기계(주)”) |
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Registered Address |
688-9, Gojan-dong, Namdong-gu, |
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Building |
118B-11L, Namdong Industrial Complex |
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Zip Code |
405-820 |
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Tel |
+82-32-821-0873 |
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Fax |
+82-32-821-0871 |
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E-mail |
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Website |
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Trading Address |
118B-11L, Namdong Industrial Complex,
688-9, Gojan-dong, Namdong-gu, |
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Tel |
+82-32-821-0873 |
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Fax |
+82-32-821-0871 |
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Type |
Export |
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Industry |
Manufacture of Machinery and Accessories Specialized for Printing and
Bookbinding |
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Main
Business |
Hot Stamping & Roll Transfer Machinery, Stationery Assembly
Machinery, Cosmetics Production Connection Equipment, Electronic Component
Assembly Automation |
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Established (mm/dd/yyyy) |
06/04/1997 |
The Subject owns the
premises of registered HQ address.
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Assembly machines(23153400) |
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Sell |
Printing machinery and equipment(45101500) |
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Name |
Oh Young-Ho |
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Address |
118B-11L, 688-9, Gojan-dong,
Namdong-gu, |
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Date of Birth |
11/07/1961 |
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Title |
Co-President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
400,000,000 |
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Employees |
17 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Industrial Bank of Korea-Daelim Dong Branch Hana Bank-Daelim Dong Branch |
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Corporate Registered No. |
110111-1422776 |
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Business Registered No. |
118-81-17043 |
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Permit & Licenses |
11/22/2001 ISO 9001 Int’l Trade No.: 11118293 |
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Shareholder Position |
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Company History |
02/25/1992 Established as Jang Oh Engineering
Co.(Sole Proprietorship) 06/04/1997 Incorporated as the present name 12/26/2001 Increased the authorized shares
to 1,000,000 shares from 20,000 shares 12/27/2001 Increased capital to 400,000,000
KRW from 200,000,000 KRWQ 11/15/2002 Designated as a Venture Business |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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Co-President & CEO |
Mr. |
Oh Young-Ho |
Male |
Korean |
06/04/2000 |
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Co-President & CEO |
Mr. |
Jang Hyun-Sik |
Male |
Korean |
06/04/2000 |
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Director |
Mr. |
Kim Yoo-Min |
Male |
Korean |
06/03/2003 |
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Director |
Mr. |
Jang Jong-Soon |
Male |
Korean |
12/26/2001 |
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Director |
Mr. |
Kim Nam-Jin |
Male |
Korean |
12/26/2001 |
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Auditor |
M/S. |
Lee Eun-Sil |
Female |
Korean |
03/31/2000 |
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2010 |
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2009 |
7,487,000,000 |
5,064,000,000 |
802,000,000 |
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2008 |
5,281,000,000 |
3,705,000,000 |
233,000,000 |
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2007 |
6,053,000,000 |
3,916,000,000 |
358,000,000 |
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2006 |
5,944,000,000 |
3,891,000,000 |
202,000,000 |
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2005 |
3,700,000,000 |
3,236,000,000 |
62,000,000 |
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2004 |
5,974,000,000 |
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The latest
financials are not available, and the Subject Company does not have any obligations
to release its financials to the public.
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Authorized Capital(KRW) |
10,000,000,000 |
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Paid-Up Capital(KRW) |
400,000,000 |
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Total Issued Shares |
40,000 |
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 |
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5,064,000,000 |
3,705,000,000 |
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Current Assets |
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3,469,000,000 |
2,268,000,000 |
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-Quick Assets |
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3,460,000,000 |
2,264,000,000 |
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-Inventories |
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10,000,000 |
4,000,000 |
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Fixed Assets |
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1,594,000,000 |
1,437,000,000 |
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-Investment |
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406,000,000 |
322,000,000 |
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-Tangibles |
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830,000,000 |
830,000,000 |
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-Intangibles |
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212,000,000 |
220,000,000 |
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-Others |
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145,000,000 |
65,000,000 |
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Total Liabilities |
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2,534,000,000 |
1,728,000,000 |
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Current Liabilities |
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2,482,000,000 |
1,680,000,000 |
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Fixed Liabilities |
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52,000,000 |
48,000,000 |
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Capital Stock |
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400,000,000 |
400,000,000 |
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Capital Surplus |
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- |
- |
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Profit Surplus |
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2,129,000,000 |
1,577,000,000 |
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Capital Adjustment |
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- |
- |
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Total Equity |
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2,529,000,000 |
1,977,000,000 |
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Liab. & Shareholder’s Equity |
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5,064,000,000 |
3,705,000,000 |
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 |
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7,487,000,000 |
5,281,000,000 |
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Cost of Sold Goods |
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5,672,000,000 |
4,061,000,000 |
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Gross Profit |
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1,815,000,000 |
1,221,000,000 |
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Selling & Admin. Expenses |
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1,000,000,000 |
906,000,000 |
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Operating Income |
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816,000,000 |
315,000,000 |
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Non-Operating Income |
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164,000,000 |
158,000,000 |
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Non-Operating Expenses |
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47,000,000 |
180,000,000 |
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Income Before Taxes |
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933,000,000 |
293,000,000 |
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Income Taxes Expenses |
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131,000,000 |
60,000,000 |
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Net Income |
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802,000,000 |
233,000,000 |
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Main Products & Services |
Hot Stamping & Roll Transfer Machines Automatic Production Line for Stationery
Industry Automatic Lines for Other Industries Machines for Cosmetic Industry Automatic In-Line Machine for Plastic
Injection Industry Automatic Assembly Lines for Electronic
Components |
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Competitors |
KEI U CORPORATION 565-15, GYESU-DONG, SIHEUNG-SI, TEL:+82-31-224-3945 FAX:+82-31-224-3946 HWA SUNG TECH 206-1, DALCHEON-DONG, BUK-GU, TEL:+82-52-282-4734 FAX:+82-52-282-4738 HYESUNG PRECISION CO. 1768-10, SONGJEONG-DONG, GANGSEO-GU, TEL:+82-51-831-4975 FAX:+82-51-831-4985 |
(Subsidiaries, Joint-Venture & Affiliates)
The Subject exports
to
(Activity & Markets)
Not Available.
Not Available.
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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.51.99 |
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1 |
Rs.83.54 |
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Euro |
1 |
Rs.63.40 |
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.