MIRA INFORM REPORT
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Report Date : |
02.01.2012 |
IDENTIFICATION DETAILS
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Name : |
KE GLOTECH LTD. |
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Formerly Known As : |
HANKUK WINSOR LTD. |
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Registered Office : |
324-1, Geoneop-ri, Gonjiam-eup, Gwangju-si, Gyeonggi-do, Korea, Zip Code 464-871 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
16.01.1985 |
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Com. Reg. No.: |
212-81-18892 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of other Knitted and Crocheted Apparel Accessories |
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No. of Employees
: |
53 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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) |
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South Korea |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic
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Company
Name |
KE GLOTECH LTD. (Korean Company Name : “공의산업(주)”) |
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Registered
Address |
324-1,
Geoneop-ri, Gonjiam-eup, Gwangju-si, Gyeonggi-do, Korea |
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Zip Code |
464-871 |
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Tel |
+82-2-3402-3057~8 |
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Fax |
+82-2-3402-3059 |
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E-mail |
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Website |
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Trading Address |
324-1,
Geoneop-ri, Gonjiam-eup, Gwangju-si, Gyeonggi-do, Korea |
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Tel |
+82-2-3402-3057~8 |
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Fax |
+82-2-3402-3059 |
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Other Address-Macheon-dong Factory |
198-1,
Macheon-dong, Songpa-gu, Seoul, Korea |
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Tel |
+82-2-448-7344 |
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Fax |
+82-2-448-7314 |
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Other Address-Gwangju Factory |
326-1,
Geoneop-ri, Gonjiam-eup, Gwangju-si, Gyeonggi-do, Korea |
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Tel |
+82-31-763-3817 |
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Fax |
+82-31-763-3812 |
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Type |
Export/Import |
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Industry |
Manufacture of Other Knitted and Crocheted Apparel Accessories |
|
Main Business |
Cotton Gloves, Nylon Gloves, Coating Gloves, Leather Gloves, PVC
Gloves, Kevlar Gloves, Oven Gloves |
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Established (mm/dd/yyyy) |
01/16/1985 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
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Sell |
Protective gloves(46181504) |
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Buy |
Rubber compound(13101607) |
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Buy |
Polyurethane resins(13111061) |
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Buy |
Resins(13111000) |
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Buy |
Cotton yarn(11151702) |
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Buy |
Polyvinyl chloride resin(13111025) |
CEO’s
|
Name |
Park Kye-Yoon |
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Address |
Suite 53-401, 362, Gwangjang-dong,
Gwangjin-gu, Seoul, Korea |
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Date of Birth |
09/26/1939 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
50,000,000 |
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Employees |
53 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Korea Exchange Bank-Dunchon Dong Branch |
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Corporate Registered No. |
110111-0390362 |
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Business Registered No. |
212-81-18892 |
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Permit & Licenses |
05/2004 ISO 9001 Int’l Trade No.: 191029 |
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Shareholder Position |
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Company History |
01/16/1985 Incorporated as HANKUK WINSOR LTD. 12/1990 Changed company name to the present
name 11/2000 Awarded US$ 10 Million Export Top
Prize |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Park Kye-Yoon |
Male |
Korean |
03/04/2000 |
|
Director |
Mr. |
Park Hoon-Jong |
Male |
Korean |
03/04/2000 |
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Director |
M/S. |
Oh Young-Kyung |
Female |
Korean |
03/04/2000 |
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Auditor |
Mr. |
Lee Seung-Hern |
Male |
Korean |
03/04/2000 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
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2008 |
8,263,613,682 |
8,855,215,260 |
211,727,300 |
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2007 |
9,411,187,081 |
8,769,896,252 |
787,891,362 |
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2006 |
11,753,158,453 |
7,717,701,220 |
-493,772,986 |
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2005 |
13,166,007,342 |
9,185,854,525 |
12,407,725 |
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) |
200,000,000 |
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Paid-Up Capital(KRW) |
50,000,000 |
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Total Issued Shares |
10,000 |
Balance Sheet
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
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Total Assets |
|
8,855,215,260 |
8,769,896,252 |
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Current Assets |
|
5,860,555,337 |
4,830,663,991 |
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-Quick Assets |
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4,311,602,377 |
3,779,163,232 |
|
-Inventories |
|
1,548,952,960 |
1,051,500,759 |
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Fixed Assets |
|
2,994,659,923 |
3,939,232,261 |
|
-Investment |
|
732,770,000 |
1,542,770,000 |
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-Tangibles |
|
1,979,968,323 |
2,124,540,661 |
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-Intangibles |
|
281,921,600 |
271,921,600 |
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Total Liabilities |
|
2,085,014,176 |
1,911,422,468 |
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Current Liabilities |
|
1,956,816,951 |
1,808,861,709 |
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Fixed Liabilities |
|
128,197,225 |
102,560,759 |
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Capital Stock |
|
50,000,000 |
50,000,000 |
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Capital Surplus |
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|
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Profit Surplus |
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6,720,201,084 |
6,808,473,784 |
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Capital Adjustment |
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|
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Total Equity |
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6,770,201,084 |
6,858,473,784 |
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Liab. & Shareholder’s Equity |
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8,855,215,260 |
8,769,896,252 |
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Current Liabilities |
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1,956,816,951 |
1,808,861,709 |
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Trade Payables |
|
74,665,081 |
165,973,223 |
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Account Payables |
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19,513,692 |
32,402,395 |
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Withholdings |
|
9,174,380 |
8,369,606 |
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VAT Withhold |
|
53,335,994 |
107,216,538 |
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Advance Receipts |
|
8,787,236 |
80,324,734 |
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Short-Term Borrowings |
|
1,690,000,000 |
1,150,000,000 |
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Accrued Income Tax |
|
32,983,730 |
188,773,060 |
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Accrued Expenses |
|
68,356,838 |
75,802,153 |
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Fixed Liabilities |
|
128,197,225 |
102,560,759 |
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Provision for Severance & Retirement |
|
128,197,225 |
102,560,759 |
Income Statement
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Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
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Sales |
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8,263,613,682 |
9,411,187,081 |
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Cost of Sold Goods |
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6,190,384,339 |
8,094,038,035 |
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Gross Profit |
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2,073,229,343 |
1,317,149,046 |
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Selling & Admin. Expenses |
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1,055,003,727 |
984,737,971 |
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Operating Income |
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1,018,225,616 |
332,411,075 |
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Non-Operating Income |
|
389,709,545 |
1,034,384,257 |
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Non-Operating Expenses |
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1,139,928,411 |
376,304,810 |
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Income Before Taxes |
|
268,006,750 |
990,490,522 |
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Income Taxes Expenses |
|
56,279,450 |
202,599,160 |
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Net Income |
|
211,727,300 |
787,891,362 |
Cash Flows
|
Unit :
Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Cash Flows
from Operating |
|
-258,843,448 |
1,162,786,508 |
|
-Net Income |
|
211,727,300 |
787,891,362 |
|
-Exp.
without Cash Outflow |
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505,985,153 |
246,146,327 |
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-Revenue
without Cash Inflows |
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-72,518,000 |
-787,158,598 |
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-Changes in
Asset/ & Liability |
|
-904,037,901 |
915,907,417 |
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Cash Flows
from Investing |
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-16,259,720 |
-1,476,169,305 |
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-Cash Inflow
from Investing |
|
659,670,440 |
1,966,978,873 |
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-Cash
Outflows for Investing |
|
-675,930,160 |
-3,443,148,178 |
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Cash Flows
from Financing |
|
240,000,000 |
250,000,000 |
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-Cash
Inflows from Financing |
|
540,000,000 |
400,000,000 |
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-Cash
Outflows from Financing |
|
-300,000,000 |
-150,000,000 |
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Increase/Decrease
in Cash |
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35,103,168 |
63,382,797 |
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Cash at the
Beginning of Year |
|
146,863,884 |
210,246,681 |
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Cash at the
End of Year |
|
111,760,716 |
146,863,884 |
Products, Technologies, Services Description
|
Main Products & Services |
Cotton Gloves, Nylon Gloves, Coating Gloves, Leather Gloves, PVC
Gloves, Kevlar Gloves, Oven Gloves |
Trade Partners & Competitors
|
Competitors |
HEUNG JE INTERNATIONAL CORP. 4TH FL., NAMSAN BLDG., 735-18, NAMSAN
1-DONG, JUNG-GU, DAEGU, KOREA TEL:+82-53-426-0506 FAX:+82-53-428-8057 MIDAS CORP. 843, GEUMDEOK-RI, JANGGYE-MYEON,
JANGSU-GUN, JEOLLABUK-DO, KOREA TEL:+82-63-353-1966 FAX:+82-63-353-1965 ALFA CORPORATION RM. 205, SEOLLEUNG BLDG., 683-26, YEOKSAM
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-543-2654 FAX:+82-2-542-2867 DONG KOOK CO., LTD. RM. 804, MOKDONG BIZ TOWER, 29-23,
YANGPYEONGDONG 2-GA, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-3667-8476 FAX:+82-2-3667-8477 |
Sales by Region
(Activity &
Markets)
The Subject deals
with the companies in China, USA and Europe.
Court Action
Not Available.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.27 |
|
UK Pound |
1 |
Rs.82.09 |
|
Euro |
1 |
Rs.68.90 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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NB |
New Business |
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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.