|
Report Date : |
14.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
YOUSUNG CHEMICAL
IND. CO., LTD. |
|
|
|
|
Registered Office : |
405-15, Usan-dong, Wonju-si, Gangwon-do |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
27.12.1980 |
|
|
|
|
Com. Reg. No.: |
224-81-01297 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Plastics Synthetic Leather |
|
|
|
|
No. of Employees : |
104 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 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 |
|
Company
Name |
YOUSUNG CHEMICAL
IND. CO., LTD. (Korean Company
Name : “유성화학공업(주)”) |
|
Registered Address |
405-15, Usan-dong, Wonju-si, Gangwon-do,
Korea |
|
Zip Code |
220-952 |
|
Tel |
+82-33-742-4248 |
|
Fax |
+82-33-748-0558 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
10th Fl., Yousung Bldg., 830-67, Yeoksam
1-dong, Gangnam-gu, Seoul, Korea |
|
Tel |
+82-2-563-8602~4 |
|
Fax |
+82-2-567-0861 |
|
Other Address-Busan Office |
6FL., Shinheung Bldg., 69-2, www.yousungchem.com |
|
Tel |
+82-51-626-0525 |
|
Fax |
+82-51-626-0532 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Plastics Synthetic Leather |
|
Main Business |
PVC Leather, PVC Tile, Deco Tile, Solid Tile, Deluxe Tile, Synthetic
Leather |
|
Established (mm/dd/yyyy) |
12/27/1980 |
The Subject owns
the premises of registered HQ address.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Polyurethane resins(13111061) |
|
Sell |
Tiles and flagstones(30131700) |
|
Sell |
Synthetic or imitation leather(11162307) |
|
Sell |
Flooring(30161700) |
|
Buy |
Resins(13111000) |
|
Buy |
Pigments(12171600) |
|
Buy |
Gel stabilizers(12161807) |
|
Buy |
Surfactants(12161900) |
|
Buy |
Additives(12160000) |
|
Name |
Hwang Ho-Jin |
|
Address |
Suite 104-1302, 797-30, Bangbae-dong,
Seocho-gu, Seoul, Korea |
|
Date of Birth |
01/20/1964 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
2,793,250,000 |
||||||||||||||||||||||||
|
Employees |
104 |
||||||||||||||||||||||||
|
Formation |
Co., Ltd by Shares |
||||||||||||||||||||||||
|
Bank Details |
Industrial Bank of Korea-Yeoksam Dong
Branch Korea Development Bank |
||||||||||||||||||||||||
|
Corporate Registered No. |
141211-0001077 |
||||||||||||||||||||||||
|
Business Registered No. |
224-81-01297 |
||||||||||||||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 171908 |
||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||
|
Company History |
12/27/1980 Incorporated as the present name 09/03/2007 Decreased capital to
2,793,250,000 KRW from 3,500,000,000 KRW 05/24/2010 M&A with Saehan Industries
Co., Ltd. |
||||||||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Hwang Ho-Jin |
Male |
Korean |
05/23/2007 |
|
Director |
Mr. |
Cho Hak-Dong |
Male |
Korean |
03/25/2008 |
|
Director |
Mr. |
Song Min-Kyo |
Male |
Korean |
03/25/2008 |
|
Auditor |
Mr. |
Lee Won-Young |
Male |
Korean |
03/25/2008 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
32,546,746,517 |
27,242,247,130 |
1,276,838,304 |
|
|
2009 |
30,998,195,110 |
26,768,367,745 |
2,263,050,971 |
|
2008 |
31,369,222,918 |
24,625,991,021 |
1,634,324,292 |
|
2007 |
24,000,777,722 |
20,489,315,569 |
1,130,427,607 |
|
2006 |
21,824,966,438 |
18,714,420,835 |
786,037,294 |
Financial
Description
|
Authorized Capital(KRW) |
6,400,000,000 |
|
Paid-Up Capital(KRW) |
2,793,250,000 |
|
Total Issued Shares |
279,325 |
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
27,242,247,130 |
26,768,367,745 |
24,625,991,021 |
|
Current Assets |
13,494,007,558 |
13,102,839,832 |
10,361,707,862 |
|
-Quick Assets |
10,794,210,059 |
10,912,227,589 |
8,334,632,824 |
|
-Inventories |
2,699,797,499 |
2,190,612,243 |
2,027,075,038 |
|
Fixed Assets |
13,748,239,572 |
13,665,527,913 |
14,264,283,159 |
|
-Investment |
1,496,648,050 |
1,182,848,050 |
1,110,155,565 |
|
-Tangibles |
10,935,942,770 |
11,107,449,331 |
11,936,328,427 |
|
-Intangibles |
1,315,648,752 |
1,375,230,532 |
1,217,799,167 |
|
Total Liabilities |
10,472,677,827 |
11,275,636,746 |
11,396,310,993 |
|
Current Liabilities |
7,549,339,435 |
8,417,253,349 |
7,841,536,036 |
|
Fixed Liabilities |
2,923,338,392 |
2,858,383,397 |
3,554,774,957 |
|
Capital Stock |
2,793,250,000 |
2,793,250,000 |
2,793,250,000 |
|
Capital Surplus |
|
|
|
|
Profit Surplus |
15,071,669,303 |
13,794,830,999 |
11,531,780,028 |
|
Capital Adjustment |
-1,095,350,000 |
-1,095,350,000 |
-1,095,350,000 |
|
Total Equity |
16,769,569,303 |
15,492,730,999 |
13,229,680,028 |
|
Liab. & Shareholder’s Equity |
27,242,247,130 |
26,768,367,745 |
24,625,991,021 |
|
Current Liabilities |
7,549,339,435 |
8,417,253,349 |
7,841,536,036 |
|
Trade Payables |
2,495,208,732 |
2,181,804,450 |
2,436,601,640 |
|
Short-Term Borrowings |
2,000,000,000 |
2,000,000,000 |
2,000,000,000 |
|
Account Payables |
52,605,000 |
85,116,000 |
121,736,000 |
|
Withholdings |
14,345,585 |
14,970,970 |
12,959,720 |
|
Accrued Expenses |
784,674,762 |
925,916,992 |
564,924,952 |
|
Accrued Income Tax |
168,819,321 |
327,712,465 |
342,205,789 |
|
VAT Withhold |
219,971,805 |
218,883,591 |
217,844,595 |
|
Guarantee Deposit Withhold |
- |
25,000,000 |
25,000,000 |
|
Advance Receipts |
31,974,230 |
20,558,881 |
105,343,340 |
|
Leasehold Deposit Received |
1,490,000,000 |
1,490,000,000 |
1,490,000,000 |
|
Current Portion of Long-Term Debts |
291,740,000 |
1,127,290,000 |
524,920,000 |
|
Fixed Liabilities |
2,923,338,392 |
2,858,383,397 |
3,554,774,957 |
|
Long-Term Borrowings |
1,048,920,000 |
1,340,660,000 |
2,067,950,000 |
|
Provision for Severance & Retirement |
2,678,636,390 |
2,348,153,475 |
2,175,166,825 |
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
32,546,746,517 |
30,998,195,110 |
31,369,222,918 |
|
Cost of Sold Goods |
27,326,336,742 |
25,330,757,818 |
26,375,935,352 |
|
Gross Profit |
5,220,409,775 |
5,667,437,292 |
4,993,287,566 |
|
Selling & Admin. Expenses |
3,367,259,493 |
2,752,628,609 |
2,680,387,437 |
|
Operating Income |
1,853,150,282 |
2,914,808,683 |
2,312,900,129 |
|
Non-Operating Income |
384,766,037 |
442,196,211 |
407,597,131 |
|
Non-Operating Expenses |
545,845,510 |
564,987,963 |
605,516,734 |
|
Income Before Taxes |
1,692,070,809 |
2,792,016,931 |
2,114,980,526 |
|
Income Taxes Expenses |
415,232,505 |
528,965,960 |
480,656,234 |
|
Net Income |
1,276,838,304 |
2,263,050,971 |
1,634,324,292 |
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
2,502,180,850 |
2,238,246,429 |
2,524,665,994 |
|
-Net Income |
1,276,838,304 |
2,263,050,971 |
1,634,324,292 |
|
-Exp. without Cash Outflow |
2,073,822,163 |
1,572,865,030 |
1,706,260,187 |
|
-Revenue without Cash Inflows |
-10,423,692 |
- |
- |
|
-Changes in Asset/ & Liability |
-838,055,925 |
-1,597,669,572 |
-815,918,485 |
|
Cash Flows from Investing |
-1,570,031,242 |
-1,564,901,077 |
-3,419,553,568 |
|
-Cash Inflow from Investing |
9,986,888,200 |
3,187,244,695 |
322,166,435 |
|
-Cash Outflows for Investing |
-11,556,919,442 |
-4,752,145,772 |
-3,741,720,003 |
|
Cash Flows from Financing |
-1,127,290,000 |
-124,920,000 |
1,041,370,000 |
|
-Cash Inflows from Financing |
- |
- |
1,114,400,000 |
|
-Cash Outflows from Financing |
-1,127,290,000 |
-124,920,000 |
-73,030,000 |
|
Increase/Decrease in Cash |
-195,140,392 |
548,425,352 |
146,482,426 |
|
Cash at the Beginning of Year |
2,383,716,351 |
1,835,290,999 |
1,688,808,573 |
|
Cash at the End of Year |
2,188,575,959 |
2,383,716,351 |
1,835,290,999 |
|
Main Products & Services |
PVC Leather, PVC Tile, Deco Tile, Solid Tile, Deluxe Tile, Synthetic
Leather |
|
Customers |
LG HAUSYS,LTD.(110111-4071207) HANWHA L&C CORPORATION(110111-1725930) |
|
Competitors |
DUKSUNG CO., LTD. 557-1, SIN-DONG, YEONGTONG-GU, SUWON-SI,
GYEONGGI-DO, KOREA (P.O.BOX 2173) TEL:+82-31-204-0781 FAX:+82-31-204-0787 CRESYN INDUSTRIAL CO., LTD. 4TH FL., CRESYN BLDG., 8-22, JAMWON-DONG,
SEOCHO-GU, SEOUL, KOREA TEL:+882-2-517-6886 FAX:+82-2-517-6226 CHEIL INDUSTRIES INC. 290, GONGDAN 2-DONG, GUMI-SI, GYEONGBUK-DO,
KOREA TEL:+882-54-468-2114 FAX:+82-54-468-2229 |
|
Cooperative Enterprise |
-Insured Company MERITZ FIRE & MARINE INSURANCE CO., LTD.(110111-0013328) |
Not Available.
No.
----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.31 |
|
|
1 |
Rs.77.84 |
|
Euro |
1 |
Rs.65.35 |
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.