|
Report Date : |
18.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
TV LOGIC CO., LTD. |
|
|
|
|
Registered Office : |
12th Fl., Ace High and Tower 8-cha 345-4, Gasan-dong, Geumcheon-gu, |
|
|
|
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Country : |
|
|
|
|
|
Financials (as on) : |
31.03./2012 |
|
|
|
|
Date of Incorporation : |
20.03.2002 |
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|
|
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Com. Reg. No.: |
107-86-14610 |
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|
|
|
Legal Form : |
Listed Company |
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|
|
|
Line of Business : |
Manufacture of Other Sound Equipment |
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|
|
|
No. of Employees : |
96 |
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 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
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Company
Name |
TV LOGIC CO., LTD. (Korean Company Name : “티브이로직(주)”) |
|
Registered Address |
345-4, Gasan-dong, Geumcheon-gu, |
|
Building |
12th Fl., Ace High and Tower 8-cha |
|
Zip Code |
153-802 |
|
Tel |
+82-70-8668-6616 |
|
Fax |
+82-2-6123-3201 |
|
E-mail |
sales@tvlogic.co.kr |
|
Website |
www.tvlogic.co.kr |
|
Trading Address |
12th Fl., Ace High and Tower 8-cha, 345-4,
Gasan-dong, Geumcheon-gu, |
|
Tel |
+82-70-8668-6616 |
|
Fax |
+82-2-6123-3201 |
|
Type |
Export |
|
Industry |
Manufacture of Other Sound Equipment |
|
Main Business |
LCD Monitor, Software Development |
|
Sub
Business |
System Software Development and Supply |
|
Established (mm/dd/yyyy) |
03/20/2002 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Liquid crystal display LCD panels or
monitors(43211902) |
|
Sell |
Multi-Format CRT Monitor |
|
Sell |
Converters |
|
Name |
Lee Kyung-Kook |
|
Date of Birth |
09/16/1959 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
2,635,575,000 |
||||||||||||||||||
|
Employees |
96 |
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|
Formation |
Listed Company (KOSDAQ : 121800) as of 12/01/2011 Venture Business |
||||||||||||||||||
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Bank Details |
Woori Bank |
||||||||||||||||||
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Corporate Registered No. |
110111-2476376 |
||||||||||||||||||
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Business Registered No. |
107-86-14610 |
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Permit & Licenses |
03/2005 KT 12/2007 ISO 9001 Int’l Trade No.: 45360127 |
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Shareholder Position |
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|
Company History |
03/20/2002 Incorporated as the present name 05/16/2003 Designated as a Venture Business 02/2006 Designated as an INNO-BIZ Company 03/25/2010 Designated as a Venture Business
again 10/2010 Moved to the present HQ address from 345-30, Gasan-dong, Geumcheon-gu, 11/2011 Awarded US$ 10 Million Export Top Prize |
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Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
President & CEO |
Mr. |
Lee Kyung-Kook |
Korean |
1959.09 |
|
|
Director |
Mr. |
Kang Hyung-Min |
Korean |
1964.06 |
|
|
Outside Director |
Mr. |
You Ji-Hwa |
Korean |
1970.06 |
|
|
Outside Director |
Mr. |
Park Kyung-Se |
Korean |
1953.05 |
|
|
Auditor |
Mr. |
Kim Yong-Kyun |
Korean |
1962.02 |
|
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
23,774,374,294 |
45,068,038,741 |
5,339,055,181 |
|
|
06/2011 |
24,009,910,494 |
32,141,290,014 |
5,607,776,986 |
|
06/2010 |
17,294,470,553 |
26,162,678,743 |
5,244,457,919 |
|
Authorized Capital(KRW) |
10,000,000,000 |
|
Paid-Up Capital(KRW) |
2,635,575,000 |
|
Total Issued Shares |
5,277,070 |
|
Unit :
Korean Won |
07/01/2011~03/31/2012 |
As of 06/30/2011 |
As of 06/30/2010 |
|
Total
Assets |
45,068,038,741 |
32,299,663,601 |
|
|
Current Assets |
28,407,153,280 |
18,855,603,267 |
|
|
Cash
& Cash Equivalents |
10,190,617,815 |
1,689,423,343 |
|
|
Marketable
Financial Instruments |
1,800,000,000 |
2,773,721,167 |
|
|
Current
Financial Instruments |
14,733,961 |
0 |
|
|
Trade
Receivables & Other Receivables |
3,867,178,897 |
3,575,127,858 |
|
|
Inventories |
11,118,634,036 |
10,217,050,624 |
|
|
Other
Current Assets |
1,415,988,571 |
600,280,275 |
|
|
Non-Current Assets |
16,660,885,461 |
13,444,060,334 |
|
|
Marketable
Financial Instruments |
1,759,522,150 |
0 |
|
|
Other
Financial Assets |
463,405,646 |
315,613,446 |
|
|
Tangibles |
10,474,613,300 |
9,990,866,078 |
|
|
Intangibles |
3,636,056,958 |
2,672,830,177 |
|
|
Long-Term Loan |
174,577,596 |
387,829,618 |
|
|
Deferred
Income Tax Assets |
152,709,811 |
76,921,015 |
|
|
Total Liabilities |
5,431,587,091 |
7,307,914,087 |
|
|
Current Liabilities |
4,597,103,510 |
6,677,733,747 |
|
|
Trade
Payables & Other Payables |
804,440,907 |
886,111,398 |
|
|
Short-Term
Borrowings |
2,844,500,000 |
4,695,250,000 |
|
|
Accrued
Income Tax |
693,880,171 |
874,222,620 |
|
|
Other
Current Liabilities |
254,282,432 |
222,149,729 |
|
|
Non-Current Liabilities |
834,483,581 |
630,180,340 |
|
|
Provision
for Severance & Retirement |
293,639,581 |
259,776,940 |
|
|
Other
Non-Current Financial Debts |
540,844,000 |
370,403,400 |
|
|
Capital Stock |
2,635,575,000 |
2,100,000,000 |
|
|
Capital
Surplus |
15,942,782,389 |
4,167,560,455 |
|
|
Others |
-2,450,426,278 |
554,723,701 |
|
|
Profit
Surplus |
23,508,520,539 |
18,169,465,358 |
|
|
Total
Equity |
39,636,451,650 |
24,991,749,514 |
|
|
Liab.
& Shareholder’s Equity |
45,068,038,741 |
32,299,663,601 |
|
|
Unit : Korean Won |
As of 06/30/2011 |
As of 06/30/2010 |
As of 06/30/2009 |
|
Total Assets |
32,141,290,014 |
26,162,678,743 |
|
|
Current Assets |
18,834,911,386 |
19,606,043,367 |
|
|
-Quick Assets |
8,617,860,762 |
15,216,117,881 |
|
|
-Inventories |
10,217,050,624 |
4,389,925,486 |
|
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Fixed Assets |
13,306,378,628 |
6,556,635,376 |
|
|
-Investment |
677,829,618 |
635,458,972 |
|
|
-Tangibles |
9,772,558,696 |
4,630,302,224 |
|
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-Intangibles |
2,672,830,177 |
1,124,055,926 |
|
|
-Others |
183,160,137 |
166,818,254 |
|
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Total Liabilities |
7,341,103,879 |
7,285,921,273 |
|
|
Current Liabilities |
6,621,577,419 |
5,892,202,873 |
|
|
Fixed Liabilities |
719,526,460 |
1,393,718,400 |
|
|
Capital Stock |
2,100,000,000 |
2,100,000,000 |
|
|
Capital Surplus |
4,167,560,455 |
4,167,560,455 |
|
|
Profit Surplus |
17,977,901,979 |
12,370,124,993 |
|
|
Capital Adjustment |
554,723,701 |
239,072,022 |
|
|
Total Equity |
24,800,186,135 |
18,876,757,470 |
|
|
Liab. & Shareholder’s Equity |
32,141,290,014 |
26,162,678,743 |
|
|
Unit : Korean Won |
07/01/2011~03/31/2012 |
As of 06/30/2011 |
As of 06/30/2010 |
|
Sales |
23,774,374,294 |
|
|
|
Cost of Sold Goods |
12,866,088,938 |
|
|
|
Gross Profit |
10,908,285,356 |
|
|
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Selling & Admin. Expenses |
4,626,459,317 |
|
|
|
Other Operating Income |
592,545,596 |
|
|
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Other Operating Expenses |
633,533,637 |
|
|
|
Operating Income |
6,240,837,998 |
|
|
|
Finance Income |
179,578,529 |
|
|
|
Finance Expenses |
88,550,821 |
|
|
|
Income Before Taxes |
6,331,865,706 |
|
|
|
Income Taxes Expenses |
992,810,525 |
|
|
|
Net Income |
5,339,055,181 |
|
|
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
24,009,910,494 |
17,294,470,553 |
|
|
Cost of Sold Goods |
12,385,939,314 |
8,186,009,240 |
|
|
Gross Profit |
11,623,971,180 |
9,108,461,313 |
|
|
Selling & Admin. Expenses |
4,596,032,053 |
3,668,934,017 |
|
|
Operating Income |
7,027,939,127 |
5,439,527,296 |
|
|
Non-Operating Income |
990,647,659 |
1,190,678,427 |
|
|
Non-Operating Expenses |
911,704,438 |
900,521,820 |
|
|
Income Before Taxes |
7,106,882,348 |
5,729,683,903 |
|
|
Income Taxes Expenses |
1,499,105,362 |
485,225,984 |
|
|
Net Income |
5,607,776,986 |
5,244,457,919 |
|
|
Unit : Korean Won |
07/01/2011~03/31/2012 |
As of 06/30/2011 |
As of 06/30/2010 |
|
Operating
Activities Cash Flows |
4,435,461,016 |
|
|
|
Net Income |
5,356,864,936 |
|
|
|
Adjustment |
155,406,201 |
|
|
|
Interests Received |
189,941,404 |
|
|
|
Income Taxes |
-1,266,751,525 |
|
|
|
Cash Flows from Investing |
-3,048,328,971 |
|
|
|
Cash Flows from Financing |
7,080,506,243 |
|
|
|
Increase/Decrease in Cash |
8,467,638,288 |
|
|
|
Cash at the Beginning of Year |
1,689,423,343 |
|
|
|
Cash at the End of Year |
10,190,617,815 |
|
|
|
Unit :
Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Cash Flows
from Operating |
1,317,055,974 |
2,620,208,032 |
|
|
-Net Income |
5,607,776,986 |
5,244,457,919 |
|
|
-Exp.
without Cash Outflow |
1,177,509,778 |
1,153,648,674 |
|
|
-Revenue
without Cash Inflows |
-716,248,486 |
-604,553,165 |
|
|
-Changes in
Asset/ & Liability |
-4,751,982,304 |
-3,173,345,396 |
|
|
Cash Flows
from Investing |
-2,507,580,725 |
-7,925,366,804 |
|
|
-Cash Inflow
from Investing |
5,787,368,186 |
1,638,118,289 |
|
|
-Cash
Outflows for Investing |
-8,294,948,911 |
-9,563,485,093 |
|
|
Cash Flows
from Financing |
-458,350,000 |
7,853,840,000 |
|
|
-Cash
Inflows from Financing |
2,000,000,000 |
9,179,500,000 |
|
|
-Cash
Outflows from Financing |
-2,458,350,000 |
-1,325,660,000 |
|
|
Increase/Decrease
in Cash |
-1,648,874,751 |
2,548,681,228 |
|
|
Cash at the
Beginning of Year |
3,338,298,094 |
789,616,866 |
|
|
Cash at the
End of Year |
1,689,423,343 |
3,338,298,094 |
|
|
Main Products & Services |
LCD Monitor, Software Development |
|
Customers |
POSTIUM KOREA CO., LTD.(110111-2008153) D2NET CO., LTD.(110111-2073990) KBS, MBC, SBS, EBS, OBS |
|
Competitors |
TOVIS CO., LTD. 7-10, SONGDO-DONG, YEONSU-GU, TEL:+82-32-712-5100 FAX:+82-32-712-5199 JEONGMIN ELECTRONICS CO., LTD. 7TH FL., SIBEOM INDUSTRIAL COMPLEX, 377-3,
YONGHO 3-DONG, TEL:+82-51-627-7342 FAX:+82-51-627-7345 LG ELECTRONICS INC. 26TH FL., LG TEL:+82-2-3777-1114 FAX:+82-2-3777-5338 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Overseas Office |
TV LOGIC TEL :+1-818-500-1800 FAX:+1-818-500-1845 |
|
Cooperative |
-Insured company HYUNDAI MARINE & FIRE INSURANCE CO., LTD.(110111-0035893) |
(Activity &
Markets)
|
Sales/ Unit :Mil KRW |
03/2011 |
06/2011 |
06/2010 |
|
Export |
17,566 |
17,744 |
12,335 |
|
Domestic |
6,208 |
6,266 |
4,959 |
|
Total |
23,774 |
24,010 |
17,294 |
The Subject exports
to
No.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
|
|
1 |
Rs.86.30 |
|
Euro |
1 |
Rs.67.73 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.