MIRA INFORM REPORT
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Report Date : |
25.01.2012 |
IDENTIFICATION DETAILS
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Name : |
MTIG CO., LTD. |
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Registered Office : |
Rm. 202, 268-2, Nonhyeon 2-dong, Gangnam-gu, Seoul, Korea, Zip Code 135-833 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
30.08.2006 |
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Com. Reg. No.: |
211-87-86268 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Powder Metallurgic Products |
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No. of Employees
: |
14 |
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 |
MTIG CO., LTD. (Korean Company Name : “(주)엠티아이지”) |
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Registered Address |
Rm. 202, 268-2, Nonhyeon 2-dong,
Gangnam-gu, Seoul, Korea |
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Zip Code |
135-833 |
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Tel |
+82-2-540-3617 |
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Fax |
+82-2-540-3616 |
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E-mail |
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Website |
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Trading Address |
Rm. 202, 268-2, Nonhyeon 2-dong,
Gangnam-gu, Seoul, Korea |
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Tel |
+82-2-540-3617 |
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Fax |
+82-2-540-3616 |
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Other Address-Hwaseong Factory |
686-5, Seokpo-ri,
Jangan-myeon, Hwaseong-si, Gyeonggi-do, Korea |
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Other Address-Branch Office |
44B-10L, 434-10, Nonhyeon-dong,
Namdong-gu, Incheon, Korea |
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Type |
Export |
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Industry |
Manufacture of Powder Metallurgic Products |
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Main Business |
Titanium Material Parts, Jewelry, Earrings, Necklace |
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Established (mm/dd/yyyy) |
08/30/2006 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
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Sell |
Earrings(54101604) |
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Sell |
Fine jewelry necklaces(54101502) |
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Sell |
Fine jewelry rings(54101503) |
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Sell |
Imitation jewelry(54101600) |
CEO’s
|
Name |
Park Young-Suk |
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Address |
Suite 103, 1009-8, Hwagok-dong,
Gangseo-gu, Seoul, Korea |
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Date of Birth |
12/28/1948 |
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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) |
1,856,115,000 |
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Employees |
14 |
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Formation |
Co., Ltd by Shares Venture Business Foreign Direct Investment Corporation |
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Bank Details |
Korea Development Bank Nonghyup Bank (A/C No.: 066-17-016291) Shinhan Bank (A/C No.: 140-007-498413) Kookmin Bank(A/C No.: 4686501-04-012136) |
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Corporate Registered No. |
110111-3518101 |
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Business Registered No. |
211-87-86268 |
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Permit & Licenses |
02/2009 ISO 9001:2000 Int’l Trade No.: 45361249 |
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Shareholder Position |
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Company History |
08/30/2006 Incorporated as the present name 02/27/2007 Designated as a Venture Business 08/27/2007 Moved to the present HQ address from 267-3, Nonhyeon-dong,
Gangnam-gu, Seoul, Korea 12/18/2007 Increased the authorized shares to 600,000 shares from
240,000 shares 01/03/2008 Registered as a Foreign Direct
Investment Corporation 03/05/2010 Designated as a Venture Business
again 06/2010 Designated as a Promising Export SME 12/14/2011 Increased capital to 1,856,115,000
KRW from 1,839,445,000 KRW |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Park Young-Suk |
Male |
Korean |
08/30/2009 |
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Director |
M/S. |
Lee Ok-Boon |
Female |
Korean |
08/30/2009 |
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Director |
Mr. |
Park Ji-Hwan |
Male |
Korean |
12/18/2007 |
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Outside Director |
Mr. |
Kim Chan-Soo |
Male |
Korean |
03/25/2011 |
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Auditor |
Mr. |
Park Young-Ki |
Male |
Korean |
03/25/2009 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
244,000,000 |
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2009 |
197,000,000 |
4,291,000,000 |
-770,000,000 |
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2008 |
163,000,000 |
3,925,000,000 |
-541,000,000 |
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2007 |
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The latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
Financial Description
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Authorized Capital(KRW) |
3,000,000,000 |
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Paid-Up Capital(KRW) |
1,856,115,000 |
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Total Issued Shares |
371,223(Common : 304,557 / Preferable : 66,666) |
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 |
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4,291,000,000 |
3,925,000,000 |
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Current Assets |
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939,000,000 |
563,000,000 |
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-Quick Assets |
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920,000,000 |
519,000,000 |
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-Inventories |
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19,000,000 |
44,000,000 |
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Fixed Assets |
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3,352,000,000 |
3,362,000,000 |
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-Investment |
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5,000,000 |
14,000,000 |
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-Tangibles |
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3,199,000,000 |
3,300,000,000 |
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-Intangibles |
|
115,000,000 |
16,000,000 |
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-Others |
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32,000,000 |
32,000,000 |
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Total Liabilities |
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3,337,000,000 |
3,799,000,000 |
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Current Liabilities |
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308,000,000 |
614,000,000 |
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Fixed Liabilities |
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3,029,000,000 |
3,185,000,000 |
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Capital Stock |
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1,633,000,000 |
1,300,000,000 |
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Capital Surplus |
|
1,001,000,000 |
- |
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Profit Surplus |
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-1,681,000,000 |
-911,000,000 |
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Capital Adjustment |
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- |
-263,000,000 |
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Total Equity |
|
953,000,000 |
126,000,000 |
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Liab. & Shareholder’s Equity |
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4,291,000,000 |
3,925,000,000 |
Income
Statement
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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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Sales |
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197,000,000 |
163,000,000 |
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Cost of Sold Goods |
|
359,000,000 |
83,000,000 |
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Gross Profit |
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-162,000,000 |
80,000,000 |
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Selling & Admin. Expenses |
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516,000,000 |
590,000,000 |
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Operating Income |
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-677,000,000 |
-510,000,000 |
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Non-Operating Income |
|
87,000,000 |
32,000,000 |
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Non-Operating Expenses |
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180,000,000 |
63,000,000 |
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Income Before Taxes |
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-770,000,000 |
-541,000,000 |
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Income Taxes Expenses |
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Net Income |
|
-770,000,000 |
-541,000,000 |
Products, Technologies, Services Description
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Main Products & Services |
Powder Metallurgy Titanium Titanium Coating Technology MIM-Titanium-Parts Jewelry Brand Name : DONACELLI |
Trade Partners & Competitors
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Competitors |
ECHO TEK 110, GUMI-DONG, BUNDANG-GU, SEONGNAM-SI,
GYEONGGI-DO, KOREA TEL:+82-31-717-6324 FAX:+82-31-717-6341 KOREA POWDER METALLURGY CO., LTD. 1025, INJU LOCAL INDUSTRIAL COMPLEX 1, GEOLMAE-RI,
INJU-MYEON, ASAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-538-3800 FAX:+82-41-538-3815 ADVANCE POWER METALLURSY CORP. 764-2, YEHYEON-RI, GUJI-MYEON,
DALSEONG-GUN, DAEGU, KOREA TEL:+82-2-869-6921 FAX:+82-2-855-5106 |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Overseas Office |
UNIT E&F, 10F, NEW EAST SUN INDUSTRIAL
BLDG., NO. 18 SHING YIP ST., KWUN TONG, KOWLOON, HONG KONG TEL:+852-2785-2300 FAX:+852-2785-3550 |
Sales by Region
(Activity & Markets)
The Subject deals
with the companies in Hong Kong.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.97 |
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UK Pound |
1 |
Rs.77.74 |
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Euro |
1 |
Rs.65.09 |
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.