|
Report Date : |
22.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
DH LIGHTING CO., LTD. |
|
|
|
|
Registered Office : |
21B-14L, Namdong Industrial Complex
429-12, Nonhyeon-dong, Namdong-gu, Incheon, Korea 405-848 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
01.11.1995 |
|
|
|
|
Com. Reg. No.: |
107-81-52512 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Electric Lamps and Electric Bulbs |
|
|
|
|
No. of Employees : |
49 |
RATING & COMMENTS
|
MIRAs 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 |
DH LIGHTING CO., LTD. (Korean Company Name : (주)디에이치라이팅) |
|
Registered Address |
429-12, Nonhyeon-dong, Namdong-gu,
Incheon, Korea |
|
Building |
21B-14L, Namdong Industrial Complex |
|
Zip Code |
405-848 |
|
Tel |
+82-32-819-0355 |
|
Fax |
+82-32-819-9006 |
|
E-mail |
excelite@doohee.com |
|
Website |
www.doohee.com |
|
Trading Address |
21B-14L, Namdong Industrial Complex,
429-12, Nonhyeon-dong, Namdong-gu, Incheon, Korea |
|
Tel |
+82-32-819-0355 |
|
Fax |
+82-32-819-9006 |
|
Type |
Export |
|
Industry |
Manufacture of Electric Lamps and Electric Bulbs |
|
Main Business |
Automotive Halogen Bulbs, Automotive HID Lamp, LED |
|
Established (mm/dd/yyyy) |
11/01/1995 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Halogen lamps(39101601) |
|
Sell |
Lamps(39101600) |
|
Buy |
Industrial use gases(12142100) |
|
Buy |
Rubber and elastomers(13100000) |
|
Buy |
Lamp components(39101800) |
|
Buy |
Mechanical wire(31151800) |
|
Buy |
Mirrors(31241700) |
|
Buy |
Lamp filament(39101801) |
|
Name |
Chae Hee-Chul |
|
Address |
Suite 102-1612, 465-1, Samsan-dong,
Bupyeong-gu, Incheon, Korea |
|
Date of Birth |
11/05/1962 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
600,000,000 |
|||||||||||||||
|
Employees |
49 |
|||||||||||||||
|
Formation |
Co., Ltd by Shares Venture Business |
|||||||||||||||
|
Bank Details |
Hana Bank Industrial Bank of Korea Citibank, Korea |
|||||||||||||||
|
Corporate Registered No. |
110111-1209950 |
|||||||||||||||
|
Business Registered No. |
107-81-52512 |
|||||||||||||||
|
Permit & Licenses |
11/2000 ISO 9002 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
12/13/1993 Established as DOOHEE TONGSANG
CO.(Sole Proprietorship) 11/01/1995 Incorporated as the present name 11/1995 Awarded US$ 1 Million Export Top
Prize 11/1997 Awarded US$ 5 Million Export Top
Prize 04/2001 Changed company name to DOOHEE
TECHNOLOGY CO., LTD. 01/23/2003 Increased capital to 100,000
shares from 20,000 shares 07/23/2007 Designated as a Venture Business 11/30/2008 Awarded US$ 10 Million Export
Top Prize 12/27/2008 Increased capital to 600,000,000
KRW from 500,000,000 KRW 01/05/2010 Changed company name to the
present name |
|||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Chae Hee-Chul |
Male |
Korean |
03/17/2001 |
|
Director |
Mr. |
Kim Yoon-Soo |
Male |
Korean |
03/14/2008 |
|
Director |
Mr. |
Chang Kyung-Hoi |
Male |
Korean |
10/19/2011 |
|
Auditor |
Mr. |
Kim Myung-Wan |
Male |
Korean |
05/11/2007 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
18,959,484,355 |
15,224,727,561 |
1,047,647,269 |
|
|
2009 |
15,744,933,811 |
12,003,404,948 |
2,005,775,105 |
|
2008 |
14,396,072,283 |
11,360,950,624 |
127,799,354 |
|
Authorized Capital(KRW) |
1,000,000,000 |
|
Paid-Up Capital(KRW) |
600,000,000 |
|
Total Issued Shares |
60,000 |
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
15,224,727,561 |
12,003,404,948 |
11,360,950,624 |
|
Current Assets |
3,578,191,735 |
3,697,491,699 |
3,416,996,511 |
|
-Quick Assets |
2,621,154,504 |
2,967,103,067 |
2,863,197,764 |
|
-Inventories |
957,037,231 |
730,388,632 |
553,798,747 |
|
Fixed Assets |
11,646,535,826 |
8,305,913,249 |
7,943,954,113 |
|
-Investment |
2,446,034,749 |
1,266,845,036 |
1,174,845,036 |
|
-Tangibles |
9,179,667,537 |
7,006,337,653 |
6,723,286,497 |
|
-Intangibles |
19,773,540 |
31,770,560 |
44,862,580 |
|
-Others |
1,060,000 |
960,000 |
960,000 |
|
Total Liabilities |
9,299,193,342 |
7,125,517,998 |
8,488,838,779 |
|
Current Liabilities |
8,505,767,942 |
6,972,092,598 |
3,445,802,489 |
|
Fixed Liabilities |
793,425,400 |
153,425,400 |
5,043,036,290 |
|
Capital Stock |
600,000,000 |
600,000,000 |
600,000,000 |
|
Capital Surplus |
|
|
|
|
Profit Surplus |
5,325,534,219 |
4,277,886,950 |
2,272,990,845 |
|
Capital Adjustment |
|
|
-879,000 |
|
Total Equity |
5,925,534,219 |
4,877,886,950 |
2,872,111,845 |
|
Liab. & Shareholders Equity |
15,224,727,561 |
12,003,404,948 |
11,360,950,624 |
|
Current Liabilities |
8,505,767,942 |
6,972,092,598 |
3,445,802,489 |
|
Trade Payables |
1,145,348,014 |
847,227,164 |
737,167,651 |
|
Short-Term Borrowings |
6,516,539,524 |
1,575,557,726 |
1,650,783,927 |
|
Accrued Income Tax |
86,735,230 |
89,817,800 |
641,036,610 |
|
Account Payables |
202,226,209 |
135,800,533 |
95,773,867 |
|
Accrued Expenses |
155,030,360 |
97,158,336 |
81,203,762 |
|
Advance Receipts |
20,781,855 |
29,473,969 |
2,028,412 |
|
Withholdings |
4,106,750 |
3,231,850 |
7,808,260 |
|
Current Portion of Long-Term Debts |
375,000,000 |
4,193,825,220 |
230,000,000 |
|
Fixed Liabilities |
793,425,400 |
153,425,400 |
5,043,036,290 |
|
Long-Term Borrowings |
625,000,000 |
0 |
4,749,108,690 |
|
Long-Term Account Payables |
153,425,400 |
153,425,400 |
293,927,600 |
|
Leasehold Deposit Received |
15,000,000 |
0 |
|
|
Provision for Severance & Retirement |
27,916,539 |
4,040,629 |
0 |
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
18,959,484,355 |
15,744,933,811 |
14,396,072,283 |
|
Cost of Sold Goods |
15,525,223,835 |
12,948,989,940 |
11,773,561,446 |
|
Gross Profit |
3,434,260,520 |
2,795,943,871 |
2,622,510,837 |
|
Selling & Admin. Expenses |
1,423,082,687 |
1,162,186,463 |
1,154,375,342 |
|
Operating Income |
2,011,177,833 |
1,633,757,408 |
1,468,135,495 |
|
Non-Operating Income |
233,374,428 |
940,475,652 |
2,823,639,466 |
|
Non-Operating Expenses |
1,008,804,722 |
439,441,365 |
3,516,795,107 |
|
Income Before Taxes |
1,235,747,539 |
2,134,791,695 |
774,979,854 |
|
Income Taxes Expenses |
188,100,270 |
129,016,590 |
647,180,500 |
|
Net Income |
1,047,647,269 |
2,005,775,105 |
127,799,354 |
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
1,607,997,361 |
871,218,824
|
1,323,101,293 |
|
-Net Income |
1,047,647,269 |
2,005,775,105 |
127,799,354 |
|
-Exp. without Cash Outflow |
1,163,196,166 |
497,951,077 |
2,744,238,461 |
|
-Revenue without Cash Inflows |
-15,263,625 |
-598,886,127 |
-2,185,000,042 |
|
-Changes in Asset/ & Liability |
-587,582,449 |
-1,033,621,231 |
636,063,520 |
|
Cash Flows from Investing |
-2,708,063,228 |
-1,474,645,663 |
2,160,792,114 |
|
-Cash Inflow from Investing |
3,575,649,091 |
3,242,590,701 |
3,241,493,240 |
|
-Cash Outflows for Investing |
-6,283,712,319 |
-4,717,236,364 |
-1,080,701,126 |
|
Cash Flows from Financing |
1,308,711,441 |
-410,502,200 |
-2,261,479,662 |
|
-Cash Inflows from Financing |
2,879,269,167 |
570,000,000 |
1,451,433,057 |
|
-Cash Outflows from Financing |
-1,570,557,726 |
-980,502,200 |
-3,712,912,719 |
|
Increase/Decrease in Cash |
208,645,574 |
-1,013,929,039 |
1,222,413,745 |
|
Cash at the Beginning of Year |
307,399,821 |
1,321,328,860 |
98,915,115 |
|
Cash at the End of Year |
516,045,395 |
307,399,821 |
1,321,328,860 |
|
Main Products & Services |
Automotive Halogen Bulbs, Automotive HID
Lamp, LED |
|
Customers |
SL LIGHTING CORPORATION(170111-0031641) |
|
Competitors |
KP ELECTRIC CO., LTD. 1381, JUAN 1-DONG, NAM-GU, INCHEON, KOREA TEL:+82-32-862-2121 FAX:+82-32-862-2130 SKC LIGHTING CO., LTD. 81, SIGOK-DONG, DANGJIN-SI,
CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-355-6008~9 FAX:+82-41-355-6052 VISION X ASIA CO., LTD. 175-16, CHEONGCHEON 2-DONG, BUPYEONG-GU,
INCHEON, KOREA TEL:+82-32-515-4813 FAX:+82-32-515-4817 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
DH INTERNATIONAL CO., LTD.(120111-0519457) CHANGSHU LINZHI ELECTR (45.00% held by the subject company) JINGSU DH LIGHTING (100.00% held by the subject company) |
|
Cooperative Enterprise |
-Insured Company FIRST FIRE & MARINE INSURANCE CO., LTD.(110111-0017586) |
(Activity &
Markets)
The Subject exports
to India, UAE and USA.
No.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
|
|
1 |
Rs.77.80 |
|
Euro |
1 |
Rs.65.17 |
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 SCs 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.