MIRA INFORM REPORT
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Report Date : |
30.01.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
KJF CO., LTD. |
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Formerly Known As : |
Kyungjin Flange Co., Ltd. |
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Registered Office : |
586-10, Hwajeon-dong, Gangseo-gu, Busan, Korea, Zip Code 618-280 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
15.09.1998 |
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Com. Reg. No.: |
606-81-19344 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Tubes and Pipes of Cast Iron or Cast Steel |
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No. of Employees
: |
30 |
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 |
KJF CO., LTD. (Korean Company Name : “케이제이에프(주)”) |
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Registered Address |
586-10, Hwajeon-dong, Gangseo-gu, Busan,
Korea |
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Zip Code |
618-280 |
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Tel |
+82-51-600-9330 |
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Fax |
+82-51-600-9355 |
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E-mail |
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Trading Address |
586-10, Hwajeon-dong, Gangseo-gu, Busan,
Korea |
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Tel |
+82-51-600-9330 |
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Fax |
+82-51-600-9355 |
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Type |
Export |
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Industry |
Manufacture of Tubes and Pipes of Cast Iron or Cast Steel |
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Main Business |
Flange, Fittings |
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Established (mm/dd/yyyy) |
09/15/1998 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
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Sell |
Pipe flanges(40142400) |
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Sell |
Pipe fittings(40142300) |
CEO’s
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Name |
Baek Tae-Sik |
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Address |
Suite 101-1701, 1095-2, Gupo-dong,
Buk-gu, Busan 616-090 Korea |
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Date of Birth |
11/04/1958 |
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Title |
Representative Director |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
450,000,000 |
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Employees |
30 |
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Formation |
Co., Ltd by Shares Venture Business |
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Bank Details |
Gyungnam Bank Busan Bank SC First Bank of Korea-Duckcheon Branch |
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Corporate Registered No. |
180111-0266121 |
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Business Registered No. |
606-81-19344 |
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Permit & Licenses |
Int’l Trade No.: 12091650 |
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Shareholder Position |
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Company History |
09/15/1998 Incorporated
as Kyungjin Flange Co., Ltd. 05/04/2006
Moved to the present address 05/17/2006 Changed company name to the
present name 11/19/2008 Increased the authorized shares
to 180,000 shares from 20,000 shares 11/20/2008 Increased capital to 450,000,000
KRW from 50,000,000 KRW 07/26/2011 Moved to the present HQ address
from 350-10, Samnak-dong, Sasang-gu, Busan, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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Representative Director |
Mr. |
Baek Tae-Sik |
Male |
Korean |
01/21/2005 |
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Auditor |
M/S. |
Kim Young-Ok |
Female |
Korean |
01/21/2005 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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|
|
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2009 |
8,552,959,371 |
9,120,528,135 |
188,189,066 |
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2008 |
12,794,520,859 |
10,175,880,928 |
1,157,076,532 |
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) |
1,800,000,000 |
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Paid-Up Capital(KRW) |
450,000,000 |
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Total Issued Shares |
45,000 |
Balance
Sheet
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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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9,120,528,135 |
10,175,880,928 |
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Current Assets |
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4,171,546,191 |
5,634,979,294 |
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-Quick Assets |
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4,091,351,310 |
5,633,973,432 |
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-Inventories |
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80,194,881 |
1,005,862 |
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Fixed Assets |
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4,948,981,944 |
4,540,901,634 |
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-Investment |
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4,928,431,944 |
4,520,351,634 |
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-Tangibles |
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-Intangibles |
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20,550,000 |
20,550,000 |
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Total Liabilities |
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6,540,678,794 |
7,784,220,653 |
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Current Liabilities |
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1,616,636,794 |
2,163,641,372 |
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Fixed Liabilities |
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4,924,042,000 |
5,620,579,281 |
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Capital Stock |
|
450,000,000 |
450,000,000 |
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Capital Surplus |
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Profit Surplus |
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2,129,849,341 |
1,941,660,275 |
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Capital Adjustment |
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Total Equity |
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2,579,849,341 |
2,391,660,275 |
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Liab. & Shareholder’s Equity |
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9,120,528,135 |
10,175,880,928 |
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Current Liabilities |
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1,616,636,794 |
2,163,641,372 |
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Trade Payables |
|
311,389,857 |
1,314,968,788 |
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Advance Receipts |
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117,260,312 |
201,389,061 |
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Withholdings |
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12,375,640 |
10,209,930 |
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Accrued Income Tax |
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3,064,037 |
230,313,147 |
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Accrued Expenses |
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107,557,137 |
130,993,420 |
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Short-Term Borrowings to Shareholders/ Executives/ Employees |
|
- |
10,000,000 |
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Short-Term Borrowings |
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1,064,989,811 |
265,767,026 |
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Fixed Liabilities |
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4,924,042,000 |
5,620,579,281 |
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Long-Term Borrowings |
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4,924,042,000 |
5,615,579,281 |
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Leasehold Deposit Received |
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- |
5,000,000 |
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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8,552,959,371 |
12,794,520,859 |
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Cost of Sold Goods |
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6,950,691,143 |
11,089,472,759 |
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Gross Profit |
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1,602,268,228 |
1,705,048,100 |
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Selling & Admin. Expenses |
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1,107,477,518 |
1,021,878,473 |
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Operating Income |
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494,790,710 |
683,169,627 |
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Non-Operating Income |
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341,260,582 |
1,027,916,509 |
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Non-Operating Expenses |
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614,157,815 |
304,590,597 |
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Income Before Taxes |
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221,893,477 |
1,406,495,539 |
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Income Taxes Expenses |
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33,704,411 |
249,419,007 |
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Net Income |
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188,189,066 |
1,157,076,532 |
Cash
Flows
|
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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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Cash Flows from Operating |
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4,912,963 |
-1,421,894,867 |
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-Net Income |
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188,189,066 |
1,157,076,532 |
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-Exp.
without Cash Outflow |
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193,226,534 |
166,892,497 |
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-Revenue
without Cash Inflows |
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- |
- |
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-Changes in
Asset/ & Liability |
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-376,502,637 |
-2,745,863,896 |
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Cash Flows
from Investing |
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-1,177,521,652 |
-1,055,975,679 |
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-Cash Inflow
from Investing |
|
751,146,036 |
44,656 |
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-Cash
Outflows for Investing |
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-1,928,667,688 |
-1,056,020,335 |
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Cash Flows
from Financing |
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92,685,504 |
3,532,927,403 |
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-Cash
Inflows from Financing |
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3,024,414,173 |
6,179,900,617 |
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-Cash
Outflows from Financing |
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-2,931,728,669 |
-2,646,973,214 |
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Increase/Decrease
in Cash |
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-1,079,923,185 |
1,055,056,857 |
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Cash at the
Beginning of Year |
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1,115,655,144 |
60,598,287 |
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Cash at the
End of Year |
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35,731,959 |
1,115,655,144 |
Products, Technologies, Services Description
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Main Products & Services |
Flange, Fittings |
Trade Partners & Competitors
|
Competitors |
METAL KOREA CO., LTD. 801, JINYEONG-RI, JINYEONG-EUP, GIMHAE-SI, GYEONGSANGNAM-DO,
KOREA TEL:+82-51-919-6954 FAX:+82-51-919-6957 HAN SHIN METAL CO. 651-58, EOMGUNG-DONG, SASANG-GU, BUSAN,
KOREA TEL:+82-51-305-2240 FAX:+82-51-305-2243 HANDOK METAL CO. 416-1, SINPYEONG 2-DONG, SAHA-GU, BUSAN,
KOREA TEL:+82-51-206-1968 FAX:+82-51-202-0030 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Cooperative Enterprise |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078) |
Sales by Region
(Activity & Markets)
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Sales/ Unit : KRW |
2010 |
2009 |
2008 |
|
Export |
|
8,215,100,642 |
12,288,112,559 |
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Domestic |
|
337,858,729 |
506,408,300 |
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Total |
|
8,552,959,371 |
12,794,520,859 |
Court Action
Not Available.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.65 |
|
UK Pound |
1 |
Rs.77.80 |
|
Euro |
1 |
Rs.65.05 |
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 |
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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 |
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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.