|
Report Date : |
11.07.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
MNTECH CO., LTD. |
|
|
|
|
Registered Office : |
1113-6, Namchon-ri, Oksan-myeon, Cheongwon-gun, |
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|
|
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Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
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|
|
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Date of Incorporation : |
01.08.2002 |
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|
|
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Com. Reg. No.: |
214-87-17187 |
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|
|
Legal Form : |
Listed Company |
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|
|
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Line of Business : |
Manufacturer of Plastic Laminating, Coating and Other Surface
Processing Products |
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|
|
|
No. of Employees : |
607 |
RATING & COMMENTS
|
MIRA’s 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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Company
Name |
MNTECH CO., LTD. (English Company
Name : MIRAENANOTECH CO., LTD.) (Korean Company
Name : “미래나노텍(주)”) |
|
Registered Address |
1113-6, Namchon-ri, Oksan-myeon,
Cheongwon-gun, |
|
Zip Code |
363-911 |
|
Tel |
+82-43-710-1100 |
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Fax |
+82-43-710-1140 |
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E-mail |
|
|
Website |
|
|
Trading Address |
1113-6, Namchon-ri, Oksan-myeon,
Cheongwon-gun, |
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Tel |
+82-43-710-1100 |
|
Fax |
+82-43-710-1140 |
|
Other Address-Anseong Factory |
222-21, Boche-ri, Miyang-myeon,
Anseong-si, |
|
Type |
Export |
|
Industry |
Manufacture of Plastic Laminating, Coating and Other Surface
Processing Products |
|
Main Business |
LCD Optical Film, Display Film, Resin |
|
Established (mm/dd/yyyy) |
08/01/2002 |
The Subject owns
the premises of registered HQ address and Anseong Factory.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Films(13111200) |
|
Name |
Kim Chul-Young |
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Date of Birth |
09/20/1964 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
11,644,766,500 |
|||||||||||||||||||||||||||
|
Employees |
607 |
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Formation |
Listed Company (KOSDAQ : 095500) as of 10/01/2007 Venture Business Foreign Direct Investment Corporation |
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Bank Details |
Industrial Bank of |
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Corporate Registered No. |
110111-2577885 |
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Business Registered No. |
214-87-17187 |
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Permit & Licenses |
05/2006 ISO 14001 05/2006 ISO 9001 10/2006 UL Mark |
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Shareholder Position |
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Company History |
08/01/2002 Incorporated as the present name 07/22/2004 Registered as a Foreign Direct
Investment Corporation 10/14/2004 Designated as a Venture Business 09/21/2006 Designated as a Venture Business again 07/2007 Designated as an INNO-BIZ Company 11/2008 Awarded US$ 50 Million Export Top
Prize 12/2009 Awarded US$ 70 Million Export Top
Prize 12/28/2009 Designated as a Venture Business again |
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|
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Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
President & CEO |
Mr. |
Kim Chul-Young |
Korean |
1964.09.20 |
|
|
Director |
Mr. |
Kim Sang-Mook |
Korean |
1965.07.18 |
|
|
Director |
Mr. |
Kim Seung-Cheon |
Korean |
1964.06.16 |
|
|
Outside Director |
Mr. |
Park Kyu-Cheol |
Korean |
1948.04.06 |
President of SKC |
|
Auditor |
Mr. |
Lim Dae-Ho |
Korean |
1950.07.03 |
|
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
65,620,451,526 |
273,543,639,929 |
4,205,957,135 |
|
|
2011 |
257,482,342,564 |
271,055,153,627 |
10,358,852,927 |
|
2010 |
278,598,154,989 |
270,794,001,362 |
24,190,151,015 |
|
2009 |
268,395,570,422 |
251,747,488,717 |
28,285,705,858 |
|
2008 |
139,303,921,044 |
195,204,115,338 |
7,475,900,319 |
|
2007 |
72,248,580,253 |
129,064,354,264 |
8,391,506,879 |
|
2006 |
62,925,932,081 |
68,528,323,867 |
14,260,717,824 |
|
2005 |
15,272,544,705 |
36,927,069,983 |
2,196,452,579 |
|
Authorized Capital(KRW) |
50,000,000,000 |
|
Paid-Up Capital(KRW) |
11,644,766,500 |
|
Total Issued Shares |
23,289,533 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
01/01/2012~03/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
273,543,639,929 |
271,055,153,627 |
270,794,001,362 |
|
Current
Assets |
145,465,692,535 |
141,618,221,602 |
155,007,918,399 |
|
Cash & Cash Equivalents |
52,757,095,895 |
59,636,872,271 |
70,842,253,294 |
|
Trade Receivables |
50,009,268,740 |
47,903,446,868 |
39,591,245,155 |
|
Other Financial Assets |
9,725,255,910 |
8,710,558,477 |
5,426,696,850 |
|
Other Current Assets |
8,548,512,723 |
5,236,142,278 |
4,671,581,684 |
|
Inventories |
24,375,559,263 |
20,081,201,704 |
34,476,141,416 |
|
Assets to be Sold |
50,000,004 |
50,000,004 |
|
|
Non-Current
Assets |
128,077,947,394 |
129,436,932,025 |
115,786,082,963 |
|
Other Financial Assets |
4,194,137,128 |
4,744,074,149 |
5,690,056,550 |
|
Tangibles |
73,623,397,982 |
73,920,953,727 |
65,301,166,101 |
|
Intangibles |
6,035,289,077 |
6,229,944,518 |
6,927,568,833 |
|
Investment_Related Companies |
30,781,697,480 |
30,781,697,480 |
30,061,697,480 |
|
Marketable Financial Instruments |
13,443,425,727 |
13,760,262,151 |
7,805,593,999 |
|
Total
Liabilities |
94,890,040,549 |
95,232,460,516 |
100,312,995,813 |
|
Current
Liabilities |
74,268,806,023 |
75,522,182,873 |
73,259,949,240 |
|
Trade Payables |
21,715,465,876 |
18,220,459,220 |
19,204,150,980 |
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Other Current Financial Debts |
12,089,503,667 |
9,589,639,218 |
10,453,895,609 |
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Other Current Liabilities |
606,256,976 |
988,079,837 |
534,346,918 |
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Accrued Income Tax |
2,907,473,464 |
3,659,260,351 |
360,310,136 |
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Short-Term Borrowings |
36,450,000,000 |
42,400,000,000 |
40,842,240,490 |
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Derivatives |
|
|
1,362,441,519 |
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Provision for Sales Guarantee |
500,106,040 |
664,744,247 |
502,563,588 |
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Non-Current
Liabilities |
20,621,234,526 |
19,710,277,643 |
27,053,046,573 |
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Long-Term Borrowings |
17,475,000,000 |
17,825,000,000 |
24,225,000,000 |
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Confirmed Salaries |
1,357,648,116 |
343,252,413 |
501,091,081 |
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Other Non-Current Financial Debts |
367,296,316 |
637,770,000 |
544,980,000 |
|
Deferred Income Tax Credit |
1,421,290,094 |
904,255,230 |
1,781,975,492 |
|
Capital
Stock |
11,644,766,500 |
11,644,766,500 |
11,624,176,500 |
|
Capital Surplus |
85,329,329,677 |
85,329,329,677 |
85,222,439,878 |
|
Installments |
-1,674,063,726 |
-2,199,131,003 |
999,291,748 |
|
Others |
-9,867,003,090 |
-9,867,003,090 |
-9,826,413,091 |
|
Profit Surplus |
93,220,570,019 |
90,914,731,027 |
82,461,510,514 |
|
Total Equity |
178,653,599,380 |
175,822,693,111 |
170,481,005,549 |
|
Liab. & Shareholder’s Equity |
273,543,639,929 |
271,055,153,627 |
270,794,001,362 |
Income
Statement
|
|||
|
Unit : Korean Won |
01/01/2012~03/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
65,620,451,526 |
257,482,342,564 |
278,598,154,989 |
|
Cost of Sold Goods |
51,780,898,542 |
213,078,620,658 |
231,762,101,550 |
|
Gross Profit |
13,839,552,984 |
44,403,721,906 |
46,836,053,439 |
|
Selling & Admin. Expenses |
8,382,873,901 |
32,287,089,709 |
29,403,752,621 |
|
Other Operating Income |
1,501,228,571 |
3,964,277,611 |
13,552,643,268 |
|
Other Operating Expenses |
17,610,770 |
1,253,159,583 |
463,073,138 |
|
Operating Income |
6,940,296,884 |
14,827,750,225 |
30,521,870,948 |
|
Finance Income |
1,316,517,254 |
11,858,764,459 |
9,878,041,230 |
|
Finance Expenses |
2,241,410,181 |
12,329,271,264 |
11,753,583,710 |
|
Income Before Taxes |
6,015,403,957 |
14,357,243,420 |
28,646,328,468 |
|
Income Taxes Expenses |
1,809,446,822 |
3,998,390,493 |
4,456,177,453 |
|
Net Income |
4,205,957,135 |
10,358,852,927 |
24,190,151,015 |
Cash
Flows
|
|||
|
Unit : Korean Won |
01/01/2012~03/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Operating
Activities Cash Flows |
986,186,621 |
30,734,074,140 |
11,440,495,519 |
|
Cash Flows from Operating |
3,145,883,631 |
35,278,834,577 |
18,618,111,263 |
|
Interests Paid |
-742,692,489 |
-3,560,209,174 |
-3,165,353,479 |
|
Interests Received |
443,083,279 |
1,773,103,359 |
1,147,667,709 |
|
Income Taxes |
-1,860,087,800 |
-713,977,102 |
-2,472,032,814 |
|
Dividends Received |
|
-2,043,677,520 |
-2,687,897,160 |
|
Cash Flows from
Investing |
-1,457,376,836 |
-37,763,646,942 |
-26,301,358,375 |
|
Cash Flows from
Financing |
-6,300,000,000 |
-4,755,350,690 |
20,374,311,131 |
|
Increase/Decrease in
Cash |
-6,771,190,215 |
-11,784,923,492 |
5,513,448,275 |
|
Cash at the Beginning
of Year |
59,636,872,271 |
70,842,253,294 |
65,384,109,985 |
|
Cash at the End of
Year |
52,757,095,895 |
59,636,872,271 |
70,842,253,294 |
|
Main Products & Services |
LCD Optical Film, Display Film, Resin Brand Name : UTE |
|
Competitors |
3M LGE EFUN GAMMA |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
MIRAE EQUITY PARTNERS CO.,
LTD.(110111-3881988) (100.0% held by the subject
company) MD TECH HOLDING LIMITED (67.4% held by the subject
company) SHOZOU KWANGYOUNG KWANGJEON CO., LTD.( DONG N PLUS CO., LTD.( (51.0% held by the subject
company) KWANGYOUNG KWANGJEON CO., LTD.( MIRAE OPTICAL KIYEON CO.,
LTD.(134611-0033667) GTS INTERNATIONAL |
|
Subsidiary |
MIRAE EQUITY PARTNERS CO.,
LTD.(110111-3881988) (100.0% held by the subject company) SUPISTECH CO., LTD.( (32.5% held by the subject company) |
(Activity & Markets)
The Subject exports
to
No.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.81 |
|
|
1 |
Rs.86.53 |
|
Euro |
1 |
Rs.68.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 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.