|
Report Date : |
18.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
EUNSUNG INDUSTRIAL CO., LTD |
|
|
|
|
Registered Office : |
179, Sojeong-ri, Sindun-myeon, Icheon-si, Gyeonggi-do, Korea, Zip code
467-841 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.07.1977 |
|
|
|
|
Com. Reg. No.: |
126-81-01993 |
|
|
|
|
Legal Form : |
Co., Ltd., by Shares |
|
|
|
|
Line of Business : |
Manufacturer of Electronic Capacitors |
|
|
|
|
No. of Employees : |
107 employees |
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, 2012
|
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 |
|
Company
Name |
EUNSUNG INDUSTRIAL
CO., LTD. (Korean Company
Name : “은성산업(주)”) |
|
Registered Address |
179, Sojeong-ri, Sindun-myeon, Icheon-si,
Gyeonggi-do, Korea |
|
Zip Code |
467-841 |
|
Tel |
+82-31-638-7321 |
|
Fax |
+82-31-638-1547 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
179, Sojeong-ri, Sindun-myeon, Icheon-si,
Gyeonggi-do, Korea |
|
Tel |
+82-31-638-7321 |
|
Fax |
+82-31-638-1547 |
|
Other Address |
3rd Fl., Eunsung Bldg., 466-10, Jangan 1-dong, Dongdaemun-gu, Seoul,
Korea |
|
Tel |
+82-2-2247-0081 |
|
Fax |
+82-2-2247-5004 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Electronic Capacitors |
|
Main Business |
Condenser, Metalized Film |
|
Established (mm/dd/yyyy) |
07/01/1977 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Capacitors(32121500) |
|
Name |
Ryu Jong-Yeol |
|
Address |
Suite 9-906, 15, Olympic-ro 4-gil, Songpa-gu, Seoul, Korea |
|
Date of Birth |
06/19/1957 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
400,000,000 |
|||||||||||||||
|
Employees |
107 |
|||||||||||||||
|
Formation |
Co., Ltd., by Shares Venture Business |
|||||||||||||||
|
Bank Details |
Industrial Bank of Korea-Jamsil Branch |
|||||||||||||||
|
Corporate Registered No. |
134411-0000628 |
|||||||||||||||
|
Business Registered No. |
126-81-01993 |
|||||||||||||||
|
Permit & Licenses |
11/01/2003 ISO 9001 03/1999 UL Mark 11/1997 ISO 9002 01/1997 UL Mark Int’l Trade No.: 339609 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
07/01/1977 Incorporated as the present name 02/1985 Designated as a Promising SMEs 02/2012 Designated as a Venture Business |
|||||||||||||||
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|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Ryu Jong-Yeol |
Male |
Korean |
01/20/2000 |
|
Director |
Mr. |
Ryu Sung-Keun |
Male |
Korean |
01/20/2000 |
|
Director |
Mr. |
Ryu Seok-Yeol |
Male |
Korean |
01/27/2011 |
|
Auditor |
Mr. |
Ryu Chang-Yeol |
Male |
Korean |
01/27/2011 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
23,900,191,558 |
12,867,861,697 |
947,370,153 |
|
|
2010 |
20,213,811,174 |
11,683,454,065 |
724,763,411 |
|
2009 |
15,839,638,353 |
11,413,233,621 |
100,490,865 |
|
Authorized Capital(KRW) |
1,600,000,000 |
|
Paid-Up Capital(KRW) |
400,000,000 |
|
Total Issues Shares |
40,000 |
Balance Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
12,867,861,697 |
11,683,454,065 |
11,413,233,621 |
|
Current Assets |
11,438,966,403 |
10,255,071,545 |
10,019,778,111 |
|
-Quick Assets |
6,838,998,941 |
5,772,530,907 |
5,351,209,104 |
|
-Inventories |
4,599,967,462 |
4,482,540,638 |
4,668,569,007 |
|
Fixed Assets |
1,428,895,294 |
1,428,382,520 |
1,393,455,510 |
|
-Investment |
247,598,022 |
356,944,500 |
243,202,500 |
|
-Tangibles |
1,180,447,272 |
1,070,588,020 |
1,149,403,010 |
|
-Intangibles |
850,000 |
850,000 |
850,000 |
|
Total Liabilities |
7,954,922,786 |
7,717,885,307 |
8,172,428,274 |
|
Current Liabilities |
7,463,760,125 |
6,926,689,120 |
6,978,927,043 |
|
Fixed Liabilities |
491,162,661 |
791,196,187 |
1,193,501,231 |
|
Capital Stock |
400,000,000 |
400,000,000 |
400,000,000 |
|
Capital Surplus |
|
|
|
|
Profit Surplus |
4,512,938,911 |
3,565,568,758 |
2,840,805,347 |
|
Capital Adjustment |
|
|
|
|
Total Equity |
4,912,938,911 |
3,965,568,758 |
3,240,805,347 |
|
Liab. & Shareholder’s Equity |
12,867,861,697 |
11,683,454,065 |
11,413,233,621 |
|
Current Liabilities |
7,463,760,125 |
6,926,689,120 |
6,978,927,043 |
|
Trade Payables |
3,334,541,206 |
2,515,067,352 |
1,871,768,555 |
|
Short-Term Borrowings |
3,515,023,219 |
3,683,023,219 |
3,950,423,219 |
|
Account Payables |
126,806,441 |
188,903,070 |
666,816,297 |
|
Accrued Expenses |
266,846,199 |
265,225,049 |
267,381,694 |
|
Deferred Income Tax |
93,322,355 |
65,695,669 |
15,788,522 |
|
Advance Receipts |
3,314,895 |
647,901 |
128,216 |
|
Withholdings |
31,785,810 |
23,886,860 |
22,380,540 |
|
Current Portion of Long-Term Debts |
92,120,000 |
184,240,000 |
184,240,000 |
|
Fixed Liabilities |
491,162,661 |
791,196,187 |
1,193,501,231 |
|
Long-Term Borrowings |
- |
75,460,000 |
259,700,000 |
|
Provision for Severance & Retirement |
1,188,852,269 |
974,896,937 |
960,291,841 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
23,900,191,558 |
20,213,811,174 |
15,839,638,353 |
|
Cost of Sold Goods |
20,588,741,398 |
17,317,145,837 |
13,603,328,841 |
|
Gross Profit |
3,311,450,160 |
2,896,665,337 |
2,236,309,512 |
|
Selling & Admin. Expenses |
2,091,076,028 |
1,823,608,236 |
1,584,510,723 |
|
Operating Income |
1,220,374,132 |
1,073,057,101 |
651,798,789 |
|
Non-Operating Income |
342,758,969 |
163,626,494 |
181,058,940 |
|
Non-Operating expenses |
487,241,478 |
437,811,865 |
712,135,702 |
|
Income Before Taxes |
1,075,891,623 |
798,871,730 |
120,722,027 |
|
Income Taxes Expenses |
128,521,470 |
74,108,319 |
20,231,162 |
|
Net Income |
947,370,153 |
724,763,411 |
100,490,865 |
Cash
Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Cash Flows from Operating |
786,853,092 |
1,442,650,282 |
1,075,096,127 |
|
-Net Income |
947,370,153 |
724,763,411 |
100,490,865 |
|
-Exp. without Cash Outflow |
888,730,225 |
688,423,174 |
720,115,597 |
|
-Revenue without Cash Inflows |
-140,550,238 |
-6,614,093 |
-3,358,142 |
|
-Changes in Asset/ & Liability |
-908,697,048 |
36,077,790 |
257,847,807 |
|
Cash Flows from Investing |
-326,119,610 |
-321,751,618 |
-16,544,635 |
|
-Cash Inflow from Investing |
417,900,000 |
328,239,091 |
623,240,000 |
|
-Cash Outflows for Investing |
-744,019,610 |
-649,990,709 |
-639,784,635 |
|
Cash Flows from Financing |
-335,580,000 |
-451,640,000 |
-635,882,079 |
|
-Cash Inflows from Financing |
- |
- |
900,000,000 |
|
-Cash Outflows from Financing |
-335,580,000 |
-451,640,000 |
-1,535,882,079 |
|
Increase/Decrease in Cash |
125,153,482 |
669,258,664 |
422,669,413 |
|
Cash at the Beginning of Year |
1,106,836,337 |
437,577,673 |
14,908,260 |
|
Cash at the End of Year |
1,231,989,819 |
1,106,836,337 |
437,577,673 |
|
Main Products & Services |
Condenser, Metalized Film |
|
Competitors |
DYM CO.,
LTD. 624-2,
EOPSEONG-DONG, SEOBUK-GU, CHEONAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-621-6250 FAX:+82-41-621-8420 JUNGWOO
TRADING CO., LTD. 869-11, EOGOK-DONG,
YANGSAN-SI, GYEONGSANGNAM-DO, KOREA TEL:+82-55-386-5003 FAX:+82-55-364-1778 HUMADE CORPORATION RM. 2310,
MASTERS TOWER BLDG., 553, DOHWA 1-DONG, MAPO-GU, SEOUL, KOREA TEL:+82-2-3275-5155~8 FAX:+82-2-3275-5157 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Cooperative Enterprise |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078) |
(Activity & Markets)
The Subject deals
with the companies in Taiwan, Japan and Thailand.
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.