MIRA INFORM REPORT
|
Report Date : |
03.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
DYM CO., LTD. |
|
|
|
|
Registered Office : |
624-2, Eopseong-dong, Seobuk-gu, Cheonan-si, Chungcheongnam-do, Korea, Zip Code 331-290 |
|
|
|
|
Country : |
South korea |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
19.10.1992 |
|
|
|
|
Com. Reg. No.: |
312-81-17816 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Synthetic Resin and Other Plastic Materials |
|
|
|
|
No. of Employees
: |
91 |
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 – September 30th, 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 |
DYM CO., LTD. (Korean Company
Name : “(주)디와이엠”) |
|
Registered Address |
624-2, Eopseong-dong, Seobuk-gu,
Cheonan-si, Chungcheongnam-do, Korea |
|
Zip Code |
331-290 |
|
Tel |
+82-41-621-6250 |
|
Fax |
+82-41-621-8420 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
624-2,
Eopseong-dong, Seobuk-gu, Cheonan-si, Chungcheongnam-do, Korea |
|
Tel |
+82-41-621-6250 |
|
Fax |
+82-41-621-8420 |
|
Other Address-1st Factory |
282,
Yulgeum-ri, Seonghwan-eup, Seobuk-gu, Cheonan-si, Chungcheongnam-do, Korea |
|
Tel |
+82-41-582-2460 |
|
Fax |
+82-41-582-0164 |
|
Other Address-2nd Factory |
5-4,
Chaam-dong, Seobuk-gu, Cheonan-si, Chungcheongnam-do, Korea |
|
Tel |
+82-41-621-5811~2 |
|
Fax |
+82-41-621-5813 |
|
Other Address-Seoul Office |
4, Sunaero
46, Bundang-gu, Seongnam-si, Gyeonggi-do,
Korea |
|
Type |
Export/Import |
|
Industry |
Manufacture of Synthetic Resin and Other
Plastic Materials |
|
Main Business |
Rubber Compound, Semiconductor Compound, HFFR |
|
Established (mm/dd/yyyy) |
10/19/1992 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Resins(13111000) |
|
Sell |
Processed and synthetic rubber(13101600) |
|
Sell |
Electronic Components and Supplies(32000000) |
CEO’s
|
Name |
Park Dong-Ha |
|
Address |
Suite 608-2501, 6, Jeongja-dong,
Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Date of Birth |
10/11/1955 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
2,400,000,000 |
|||||||||||||||||||||
|
Employees |
91 |
|||||||||||||||||||||
|
Formation |
Co., Ltd by Shares Venture Business |
|||||||||||||||||||||
|
Bank Details |
Industrial Bank of Korea-Cheonan Branch Korea Exchange Bank-Cheonan Industrial
Complex Branch |
|||||||||||||||||||||
|
Corporate Registered No. |
120111-0079584 |
|||||||||||||||||||||
|
Business Registered No. |
312-81-17816 |
|||||||||||||||||||||
|
Permit & Licenses |
06/23/2006 ISO 9001 07/07/2006 ISO 14001 Int’l Trade No.: 11331441 |
|||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||
|
Company History |
10/19/1992 Incorporated as DAEYANG MATERIAL CO.,LTD 06/2000 Designated as a Venture Business 07/2001 Awarded US$ 5 Million Export Top
Prize 11/2005 Awarded US$ 10 Million Export Top
Prize 11/23/2005 Moved to the present HQ address
from 282, Yulgeum-ri, Seonghwan-eup, Seobuk-gu, Cheonan-si,
Chungcheongnam-do, Korea 11/2006 Awarded US$ 20 Million Export Top
Prize 12/29/2006 Designated as an INNO-BIZ
Company 07/23/2007 Changed company name to the
present name 07/23/2007 Increased the authorized shares
to 10,000,000 shares from 180,000 shares 08/29/2007 Split off the par value to 500
KRW from 10,000 KRW 11/2008 Awarded US$ 30 Million Export Top
Prize 07/09/2009 Designated as a Venture Business
again 08/13/2010 Increased capital to 2,400,000,000 KRW from 2,000,000,000
KRW |
|||||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Park Dong-Ha |
Male |
Korean |
07/23/2007 |
|
Director |
Mr. |
Sung Baik-Yong |
Male |
Korean |
02/18/2005 |
|
Director |
Mr. |
Choi Ho-Man |
Male |
Korean |
12/10/2007 |
|
Outside Director |
Mr. |
Lee Choong-Keun |
Male |
Korean |
12/10/2007 |
|
Director |
Mr. |
Song Ha-Young |
Male |
Korean |
02/18/2008 |
|
Director |
Mr. |
Andre Van Uffelt |
Male |
German |
06/21/2010 |
|
Auditor |
Mr. |
Lee Kook-Hern |
Male |
Korean |
03/29/2010 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
83,947,192,072 |
31,133,225,670 |
-7,878,620,486 |
|
|
2009 |
66,557,537,160 |
24,329,153,721 |
-6,325,388,166 |
|
2008 |
55,629,386,604 |
26,905,822,430 |
649,556,435 |
Financial Description
|
Authorized Capital(KRW) |
5,000,000,000 |
|
Paid-Up Capital(KRW) |
2,400,000,000 |
|
Total Issued Shares |
4,800,000(Common : 4,072,727 /
Preferable : 727,273) |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
31,133,225,670 |
24,329,153,721 |
26,905,822,430 |
|
Current Assets |
20,796,869,427 |
13,499,696,596 |
16,742,300,123 |
|
-Quick Assets |
13,920,941,801 |
8,741,384,981 |
9,678,225,548 |
|
-Inventories |
6,875,927,626 |
4,758,311,615 |
7,064,074,575 |
|
Fixed Assets |
10,336,356,243 |
10,829,457,125 |
10,163,522,307 |
|
-Investment |
5,000,000 |
110,000,000 |
320,147,738 |
|
-Tangibles |
10,049,944,304 |
10,439,960,186 |
9,650,127,969 |
|
-Intangibles |
281,411,939 |
279,496,939 |
193,246,600 |
|
Total Liabilities |
27,217,924,279 |
18,652,913,715 |
16,448,286,373 |
|
Current Liabilities |
20,071,304,109 |
11,187,769,489 |
12,149,955,333 |
|
Fixed Liabilities |
7,146,620,170 |
7,465,144,226 |
4,298,331,040 |
|
Capital Stock |
2,400,000,000 |
2,000,000,000 |
2,000,000,000 |
|
Capital Surplus |
6,629,240,000 |
900,000,000 |
900,000,000 |
|
Profit Surplus |
-6,669,347,618 |
1,209,272,868 |
7,567,388,319 |
|
Capital Adjustment |
1,555,409,009 |
1,566,967,138 |
-9,852,262 |
|
Total Equity |
3,915,301,391 |
5,676,240,006 |
10,457,536,057 |
|
Liab. & Shareholder’s Equity |
31,133,225,670 |
24,329,153,721 |
26,905,822,430 |
|
Current Liabilities |
20,071,304,109 |
11,187,769,489 |
12,149,955,333 |
|
Short-Term Borrowings |
9,959,535,428 |
6,084,702,616 |
5,949,983,846 |
|
Trade Payables |
6,814,563,956 |
3,107,030,048 |
3,647,575,848 |
|
Accrued Income Tax |
- |
- |
26,045,829 |
|
Current Portion of Long-Term Debts |
1,538,640,000 |
1,057,690,000 |
1,578,820,000 |
|
Account Payables |
771,281,027 |
364,697,963 |
354,869,361 |
|
Withholdings |
32,365,600 |
25,088,690 |
29,261,670 |
|
Advance Receipts |
162,200,485 |
- |
- |
|
Accrued Expenses |
792,717,613 |
548,560,172 |
563,398,779 |
|
Fixed Liabilities |
7,146,620,170 |
7,465,144,226 |
4,298,331,040 |
|
Long-Term Borrowings |
6,441,180,000 |
7,035,020,000 |
4,018,680,000 |
|
Provision for Severance & Retirement |
1,695,706,750 |
1,396,321,142 |
1,229,880,324 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
83,947,192,072 |
66,557,537,160 |
55,629,386,604 |
|
Cost of Sold Goods |
72,533,878,331 |
53,688,835,897 |
43,798,443,211 |
|
Gross Profit |
11,413,313,741 |
12,868,701,263 |
11,830,943,393 |
|
Selling & Admin. Expenses |
8,121,754,176 |
5,688,621,252 |
5,544,752,912 |
|
Operating Income |
3,291,559,565 |
7,180,080,011 |
6,286,190,481 |
|
Non-Operating Income |
1,136,877,293 |
1,723,631,126 |
2,513,394,742 |
|
Non-Operating Expenses |
12,564,459,425 |
15,229,099,303 |
7,866,580,878 |
|
Income Before Taxes |
-8,136,022,567 |
-6,325,388,166 |
933,004,345 |
|
Income Taxes Expenses |
-257,402,081 |
- |
283,447,910 |
|
Net Income |
-7,878,620,486 |
-6,325,388,166 |
649,556,435 |
Cash
Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
1,009,572,757 |
8,723,184,044 |
3,548,264,388 |
|
-Net Income |
-7,878,620,486 |
-6,325,388,166 |
649,556,435 |
|
-Exp. without Cash Outflow |
11,716,874,978 |
14,091,539,209 |
7,844,239,535 |
|
-Revenue without Cash Inflows |
-57,044,002 |
-516,284,639 |
-188,308,277 |
|
-Changes in Asset/ & Liability |
-2,771,637,733 |
1,473,317,640 |
-4,757,223,305 |
|
Cash Flows from Investing |
-42,698,433 |
-209,906,142 |
-528,126,224 |
|
-Cash Inflow from Investing |
529,972,577 |
93,409,091 |
97,217,713 |
|
-Cash Outflows for Investing |
-572,671,010 |
-303,315,233 |
-625,343,937 |
|
Cash Flows from Financing |
-561,638,538 |
-9,798,717,839 |
-3,527,303,963 |
|
-Cash Inflows from Financing |
46,707,730,726 |
10,733,341,566 |
4,097,023,094 |
|
-Cash Outflows from Financing |
-47,269,369,264 |
-20,532,059,405 |
-7,624,327,057 |
|
Increase/Decrease in Cash |
405,235,786 |
-1,285,439,937 |
-507,165,799 |
|
Cash at the Beginning of Year |
417,727,320 |
1,703,167,257 |
2,210,333,056 |
|
Cash at the End of Year |
822,963,106 |
417,727,320 |
1,703,167,257 |
Products, Technologies, Services Description
|
Main Products & Services |
Rubber Compound, Semiconductor Compound, HFFR |
Trade Partners & Competitors
|
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 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Cooperative Enterprise |
-Insured Company DONGBU INSURANCE CO., LTD.(110111-0095285) |
Sales by Region
(Activity & Markets)
The Subject deals
with the companies in Japan, Asia, Middle East, Europe and South America.
Court Action
No.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.13 |
|
UK Pound |
1 |
Rs.77.85 |
|
Euro |
1 |
Rs.64.78 |
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.