MIRA INFORM REPORT

 

Report Date :

30.04.2012

 

IDENTIFICATION DETAILS

 

Name :

YOUNG-IL EDUCATION SYSTEM CO., LTD.

 

 

Registered Office :

280-13, Seongsu-dong 2-ga, Seongdong-gu, Seoul, Korea, Rm. 604, 6th Fl. Samhwan Digital Venture Tower

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

08.10.1999

 

 

Com. Reg. No.:

211-86-57688

 

 

Legal Form :

Wholesale of Medical, Precision and Scientific Instruments and Equipment

 

 

Line of Business :

Co., Ltd by Shares

 

 

No. of Employees :

24

 

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 :

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 30, 2011

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

YOUNG-IL EDUCATION SYSTEM CO., LTD.

Registered Address

280-13, Seongsu-dong 2-ga, Seongdong-gu, Seoul, Korea

Building

Rm. 604, 6th Fl. Samhwan Digital Venture Tower

Zip Code

133-120

Tel

+82-2-2024-0077

Fax

+82-2-2024-0070

E-mail

sales@yes01.co.kr

Website

www.yes01.co.kr

Trading Address

Rm. 604, 6th Fl. Samhwan Digital Venture Tower, 280-13, Seongsu-dong 2-ga, Seongdong-gu, Seoul, Korea

Tel

+82-2-2024-0077

Fax

+82-2-2024-0070

Other Address

107-7, Bangseong-ri, Baekseok-eup, Yangju-si, Gyeonggi-do, Korea

Tel

 

Fax

 

Other Address

559-3, Bangseong-ri, Baekseok-eup, Yangju-si, Gyeonggi-do, Korea

Tel

 

Fax

 

Type

Export/Import

Industry

Wholesale of Medical, Precision and Scientific Instruments and Equipment

  Main Business

e-Learning Solutions, Real Time Education System, Automatic Controlling System, Education Software

  Sub Business

System Software Development and Supply

Established (mm/dd/yyyy)

10/08/1999

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Software or hardware engineering(81111500)

Sell

Business function specific software(43231500)

 

 

CEO’s

 

Name

Park Young-Jong

Address

Suite 503-306, 187, Gaepo-dong, Gangnam-gu, Seoul, Korea

Date of Birth

12/23/1963

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

 

Profiles

 

Capital (KRW)

400,000,000

Employees

24

Formation

Co., Ltd by Shares

Bank Details

Woori Bank-Gaepo Branch

Korea Exchange Bank

Kookmin Bank

Corporate Registered No.

110111-1785984

Business Registered No.

211-86-57688

Permit & Licenses

Int’l Trade No.: 45338885

Shareholder Position

N/A

Company History

10/08/1999 Incorporated as the present name

04/18/2006 Moved to the present HQ address from 198-5, Poi-dong, Gangnam-gu, Seoul, Korea

07/27/2008 Increased the authorized shares to 20,000,000 shares from 40,000 shares

08/14/2008 Increased capital to 400,000,000 KRW from 200,000,000 KRW

 

 

 

 

Detailed Information

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Park Young-Jong

Male

Korean

10/08/1999

Director

Mr.

Yoon Tae-Seok

Male

Korean

10/08/1999

Auditor

M/S.

Hyun Soon-Hee

Female

Korean

03/31/2005

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2011

 

 

 

2010

2,990,000,000

 

 

2009

2,449,000,000

1,687,000,000

-385,000,000

2008

2,998,000,000

2,006,000,000

257,000,000

2007

3,890,000,000

 

 

2006

2,310,000,000

 

 

2005

 

 

 

2004

 

 

 

2003

 

 

 

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)

100,000,000,000

Paid-Up Capital(KRW)

400,000,000

Total Issued Shares

80,000

 

 

 

Balance Sheet

 

Unit : Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Total Assets

 

1,687,000,000

2,006,000,000

Current Assets

 

676,000,000

1,010,000,000

-Quick Assets

 

412,000,000

711,000,000

-Inventories

 

265,000,000

299,000,000

Fixed Assets

 

1,011,000,000

996,000,000

-Investment

 

23,000,000

-

-Tangibles

 

588,000,000

613,000,000

-Intangibles

 

203,000,000

203,000,000

-Others

 

-

180,000,000

Total Liabilities

 

971,000,000

905,000,000

Current Liabilities

 

578,000,000

480,000,000

Fixed Liabilities

 

394,000,000

425,000,000

Capital Stock

 

400,000,000

400,000,000

Capital Surplus

 

-

-

Profit Surplus

 

318,000,000

703,000,000

Capital Adjustment

 

-2,000,000

-2,000,000

Total Equity

 

716,000,000

1,101,000,000

Liab. & Shareholder’s Equity

 

1,687,000,000

2,006,000,000

 

 

 

Income Statement

 

Unit : Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Sales

 

2,449,000,000

2,998,000,000

Cost of Sold Goods

 

2,228,000,000

2,290,000,000

Gross Profit

 

222,000,000

708,000,000

Selling & Admin. Expenses

 

548,000,000

655,000,000

Operating Income

 

-327,000,000

54,000,000

Non-Operating Income

 

50,000,000

241,000,000

Non-Operating Expenses

 

109,000,000

35,000,000

Income Before Taxes

 

-385,000,000

260,000,000

Income Taxes Expenses

 

-

4,000,000

Net Income

 

-385,000,000

257,000,000

 

 

 

Cash Flows

 

Unit : Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Cash Flows from Operating

 

 

 

-Net Income

 

 

 

-Exp. without Cash Outflow

 

 

 

-Revenue without Cash Inflows

 

 

 

-Changes in Asset/ & Liability

 

 

 

Cash Flows from Investing

 

 

 

-Cash Inflow from Investing

 

 

 

-Cash Outflows for Investing

 

 

 

Cash Flows from Financing

 

 

 

-Cash Inflows from Financing

 

 

 

-Cash Outflows from Financing

 

 

 

Increase/Decrease in Cash

 

 

 

Cash at the Beginning of Year

 

 

 

Cash at the End of Year

 

 

 

 

 

Products, Technologies, Services Description

 

Main Products & Services

e-Learning Solutions, Real Time Education System, Automatic Controlling System, Education Software

Detailed Products Spec.

 

Technologies Acquired

 

 

 

Trade Partners & Competitors

 

Suppliers

TQ(UK), LJ(UK), EMONA(AUSTRALIA)

TECHNOLAB SA(SWISS)

Customers

 

Competitors

DAEIL LABORATORY SERVICES CO., LTD.

RM. 1109, KOLON DIGITAL TOWER VILLANT 2-CHA, 222-8,GURO 3-DONG, GURO-GU, SEOUL, KOREA

TEL:+82-2-2081-1500  FAX:+82-2-2081-1515

 

FISHER SCIENTIFIC KOREA LTD.

13TH FL., SAMBU BLDG., 676, YEOKSAM 1-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-527-0300  FAX:+82-2-527-0311

 

SERCRIM LABTECH CO., LTD.

2ND FL., 109-24, JEONGNEUNG 2-DONG, SEONGBUK-GU, SEOUL, KOREA

TEL:+82-2-911-4114  FAX:+82-2-911-4111

 

 

Related Parties (Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

 

Overseas Office

 

Liaison Office

 

Overseas Branch

 

Joint Venture

 

Subsidiary

 

Corporate Ownership

 

Major Shareholders

 

Cooperative Enterprise

 

 

 

Sales by Region (Activity & Markets)

 

Sales/ Unit :Mil KRW

2011

2010

2009

Export

 

 

 

Domestic

 

 

 

Total

 

 

 

The Subject imports from European Countries.

 

 

Court Action

 

Case No.

Court

Plaintiff(s)/ Creditor(s)/ Applicant(s)

Defendant(s)/ Debtor(s)/ Respondent(s)

Cause

Amount (Million KRW)

Status

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Not Available.

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.68

UK Pound

1

Rs.85.12

Euro

1

Rs.69.38

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.