MIRA INFORM REPORT
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Report Date : |
21.01.2012 |
IDENTIFICATION DETAILS
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Name : |
ASTEL CO., LTD |
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Registered Office : |
622, Sampyeong-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea, E-302, Pangyo Inno Valley, Zip Code 463-400 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.06.2007 |
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Com. Reg. No.: |
129-86-09951 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesale of Electrical Machinery and Related Materials |
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No. of Employees
: |
09 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 |
ASTEL CO., LTD. (Korean Company
Name : “(주)아스텔”) |
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Registered Address |
622, Sampyeong-dong,
Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
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Building |
E-302, Pangyo Inno
Valley |
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Zip Code |
463-400 |
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Tel |
+82-31-8018-7450 |
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Fax |
+82-31-707-7694 |
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E-mail |
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Website |
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Trading Address |
E-302, Pangyo Inno Valley, 622, Sampyeong-dong,
Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
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Tel |
+82-31-8018-7450 |
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Fax |
+82-31-707-7694 |
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Other Address-Gwangju
Branch |
373-56, Oseon-dong, Gwangsan-gu,
Gwangju, Korea |
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Tel |
+82-62-952-7690 |
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Type |
Export/Import |
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Industry |
Wholesale of Electrical Machinery and Related Materials |
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Main Business |
IC Circuit |
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Established (mm/dd/yyyy) |
06/01/2007 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Electronic component parts and raw materials
and accessories(32131000) |
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Sell |
Integrated circuits(32101600) |
CEO’s
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Name |
Won Sung-Kyu |
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Address |
Suite 101-1509, 2024, Sinheung-dong, Sujeong-gu, Seongnam-si, Gyeonggi-do, Korea |
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Date of Birth |
11/10/1965 |
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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) |
220,000,000 |
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Employees |
9 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Shinhan Bank-Baikkung Branch |
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Corporate Registered No. |
131111-0188936 |
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Business Registered No. |
129-86-09951 |
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Permit & Licenses |
Int’l Trade No.: 45316054 |
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Shareholder Position |
N/A |
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Company History |
06/01/2007 Incorporated as the present name 02/12/2008 Increased the authorized shares
to 200,000 shares from 40,000 shares 02/13/2008 Increased capital to 220,000,00
KRW from 120,000,000 KRW |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Won Sung-Kyu |
Male |
Korean |
03/31/2010 |
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Director |
Mr. |
Kim Sung-Il |
Male |
Korean |
03/31/2010 |
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Auditor |
M/S. |
Kim Yi-Joong |
Female |
Korean |
12/31/2010 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
10,218,000,000 |
2,455,000,000 |
358,000,000 |
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2009 |
4,676,000,000 |
1,087,000,000 |
91,000,000 |
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2008 |
1,606,000,000 |
403,000,000 |
25,000,000 |
Financial Description
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Authorized Capital(KRW) |
1,000,000,000 |
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Paid-Up Capital(KRW) |
220,000,000 |
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Total Issued Shares |
44,000 |
Balance
Sheet
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|||
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Total Assets |
2,455,000,000 |
1,087,000,000 |
403,000,000 |
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Current Assets |
2,324,000,000 |
976,000,000 |
359,000,000 |
|
-Quick Assets |
1,799,000,000 |
799,000,000 |
186,000,000 |
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-Inventories |
526,000,000 |
177,000,000 |
173,000,000 |
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Fixed Assets |
131,000,000 |
112,000,000 |
44,000,000 |
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-Investment |
37,000,000 |
- |
- |
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-Tangibles |
46,000,000 |
79,000,000 |
13,000,000 |
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-Intangibles |
3,000,000 |
1,000,000 |
1,000,000 |
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-Others |
45,000,000 |
31,000,000 |
30,000,000 |
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Total Liabilities |
1,803,000,000 |
794,000,000 |
201,000,000 |
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Current Liabilities |
1,770,000,000 |
794,000,000 |
201,000,000 |
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Fixed Liabilities |
33,000,000 |
- |
- |
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Capital Stock |
220,000,000 |
220,000,000 |
220,000,000 |
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Capital Surplus |
- |
- |
- |
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Profit Surplus |
432,000,000 |
74,000,000 |
-
17,000,000 |
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Capital Adjustment |
- |
- |
- |
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Total Equity |
652,000,000 |
294,000,000 |
203,000,000 |
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Liab. & Shareholder’s Equity |
2,455,000,000 |
1,087,000,000 |
403,000,000 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Sales |
10,218,000,000 |
4,676,000,000 |
1,606,000,000 |
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Cost of Sold Goods |
9,073,000,000 |
4,226,000,000 |
1,363,000,000 |
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Gross Profit |
1,145,000,000 |
450,000,000 |
243,000,000 |
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Selling & Admin. Expenses |
792,000,000 |
392,000,000 |
211,000,000 |
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Operating Income |
352,000,000 |
58,000,000 |
32,000,000 |
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Non-Operating Income |
224,000,000 |
75,000,000 |
- |
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Non-Operating Expenses |
143,000,000 |
33,000,000 |
7,000,000 |
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Income Before Taxes |
434,000,000 |
101,000,000 |
25,000,000 |
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Income Taxes Expenses |
75,000,000 |
9,000,000 |
- |
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Net Income |
358,000,000 |
91,000,000 |
25,000,000 |
Products, Technologies, Services Description
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Main Products & Services |
IC Circuit |
Trade Partners & Competitors
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Suppliers |
SHARP LITTLEFUSE TOREX NELTRON INDUSTRIAL CO., LTD. SOLTEAM |
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Customers |
LG ELECTRONICS INC.(110111-2487050) SAMSUNG ELECTRONICS CO., LTD.(130111-0006246) KUMHO ELECTRIC CO., LTD.(110111-0028541) LG INNOTEK CO., LTD.(110111-0192180) |
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Competitors |
SHARP ELECTRONIC COMPONENTS(KOREA) CORP. 5TH FL., JEIL PHARM. BLDG., 745-5, BANPO
1-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-711-5813 FAX:+82-2-711-5819 ROHM KOREA CORPORATION 371-11, GASAN-DONG, GEUMCHEON-GU, SEOUL,
KOREA TEL:+82-2-818-2600 FAX:+82-2-837-0039 SIGNETICS CORP. 483-3, BEOPHEUNG-RI, TANHYEON-MYEON,
PAJU-SI, GYEONGGI-DO, KOREA TEL:+82-31-940-7400 FAX:+82-31-940-7444 |
Sales by Region
(Activity & Markets)
Not Available.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.33 |
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UK Pound |
1 |
Rs.77.97 |
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Euro |
1 |
Rs.65.07 |
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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.