|
Report Date : |
21.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
LUCKY ENPLA CO.,
LTD. |
|
|
|
|
Registered Office : |
460-1, Haksan-ri, Gasan-myeon,
Chilgok-gun, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
19.01.1994 |
|
|
|
|
Com. Reg. No.: |
503-81-22706 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Manufacture of Synthetic Resin and Other Plastic Materials |
|
|
|
|
No. of Employees : |
48 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company
Name |
LUCKY ENPLA CO.,
LTD. (Korean Company
Name : “(주)럭키엔프라”) |
|
Registered Address |
460-1, Haksan-ri, Gasan-myeon,
Chilgok-gun, |
|
Zip Code |
718-912 |
|
Tel |
+82-54-972-6122 |
|
Fax |
+82-54-973-2027 |
|
E-mail |
lkenpla@luckyenpla.com |
|
Website |
www.luckyenpla.com |
|
Trading Address |
460-1, Haksan-ri, Gasan-myeon,
Chilgok-gun, |
|
Tel |
+82-54-972-6122 |
|
Fax |
+82-54-973-2027 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Synthetic Resin and Other Plastic Materials |
|
Main Business |
Polycarbonate |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
01/19/1994 |
The Subject owns
the premises of registered HQ address.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Acrylonitrile butadiene styrene ABS(13102001) |
|
Sell |
High Impact Polystyrene HIPS(13102027) |
|
Sell |
Thermoplastic plastics(13102000) |
|
Sell |
Vehicle trim and exterior covering(25172600) |
|
Name |
Lee Won-June |
|
Address |
Suite 402-1405, 814-1, Janggi-dong,
Dalseo-gu, |
|
Date of Birth |
08/11/1957 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
1,500,000,000 |
||||||||||||||||||
|
Employees |
48 |
||||||||||||||||||
|
Formation |
Co., Ltd by shares |
||||||||||||||||||
|
Bank Details |
Daegu Bank Woori Bank Shinhan Bank Kookmin Bank Korea Exchange Bank |
||||||||||||||||||
|
Corporate Registered No. |
170111-0072588 |
||||||||||||||||||
|
Business Registered No. |
503-81-22706 |
||||||||||||||||||
|
Permit & Licenses |
08/2001 UL Mark 01/2002 ISO 9001 02/2004 UL Mark 07/22/2005 ISO 9001 07/22/2005 ISO 14001 Int’l Trade No.: 13025386 |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
01/19/1994 Incorporated as the present name 03/2001 Designated as a Venture Business 07/16/2003 Increased capital to
1,500,000,000 KRW from 1,300,000,000 KRW 05/09/2004 Spin off the par value to 500
KRW from 10,000 KRW 04/18/2005 Designated as a Venture Business
again 11/2005 Awarded US$10 Million Export Top
Prize |
||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Lee Won-June |
Male |
Korean |
01/07/2005 |
|
Director |
Mr. |
Jang Byung-Eok |
Male |
Korean |
09/18/2007 |
|
Director |
Mr. |
Kim Tae-Sik |
Male |
Korean |
12/20/2011 |
|
Auditor |
Mr. |
Lee Dae-Sung |
Male |
Korean |
06/30/2009 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
41,241,001,793 |
31,493,286,356 |
562,926,917 |
|
|
2010 |
37,273,249,841 |
28,380,764,750 |
1,565,294,249 |
|
2009 |
29,944,409,903 |
27,586,029,370 |
1,087,501,256 |
|
2008 |
29,671,292,164 |
28,064,595,652 |
873,755,914 |
|
2007 |
29,198,450,749 |
21,460,640,226 |
1,106,674,994 |
|
2006 |
28,024,710,684 |
19,384,139,773 |
1,027,536,933 |
|
2005 |
33,091,887,108 |
18,164,141,214 |
968,992,345 |
|
2004 |
28,796,128,316 |
17,259,702,708 |
849,190,758 |
|
Authorized Capital(KRW) |
20,000,000,000 |
|
Paid-Up Capital(KRW) |
1,500,000,000 |
|
Total Issued Shares |
3,000,000 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
31,493,286,356 |
28,380,764,750 |
27,586,029,370 |
|
Current Assets |
16,236,439,529 |
14,538,211,203 |
15,877,026,154 |
|
-Quick Assets |
7,442,580,708 |
6,551,865,748 |
7,140,729,944 |
|
-Inventories |
8,793,858,821 |
7,986,345,455 |
8,736,296,210 |
|
Fixed Assets |
15,256,846,827 |
13,842,553,547 |
11,709,003,216 |
|
-Investment |
12,643,612,296 |
11,413,737,490 |
9,432,791,070 |
|
-Tangibles |
1,837,695,551 |
1,798,004,265 |
1,726,193,708 |
|
-Intangibles |
330,917,173 |
222,992,573 |
157,803,155 |
|
-Others |
444,621,807 |
407,819,219 |
392,215,283 |
|
Total Liabilities |
17,005,670,070 |
14,216,701,432 |
15,931,867,249 |
|
Current Liabilities |
15,433,563,070 |
11,416,754,762 |
10,831,867,249 |
|
Fixed Liabilities |
1,572,107,000 |
2,799,946,670 |
5,100,000,000 |
|
Capital Stock |
1,500,000,000 |
1,500,000,000 |
1,500,000,000 |
|
Capital Surplus |
58,313,622 |
58,313,622 |
58,313,622 |
|
Profit Surplus |
11,209,116,985 |
10,646,190,068 |
9,080,895,819 |
|
Capital Adjustment |
1,720,185,679 |
1,959,559,628 |
1,014,952,680 |
|
Total Equity |
14,487,616,286 |
14,164,063,318 |
11,654,162,121 |
|
Liab. & Shareholder’s Equity |
31,493,286,356 |
28,380,764,750 |
27,586,029,370 |
|
Current Liabilities |
15,433,563,070 |
11,416,754,762 |
10,831,867,249 |
|
Trade Payables |
931,561,342 |
722,950,100 |
533,962,269 |
|
Short-Term Borrowings |
12,460,000,000 |
7,738,000,000 |
8,599,643,022 |
|
Account Payables |
96,824,257 |
101,719,273 |
91,751,858 |
|
Withholdings |
3,123,050 |
27,580,063 |
1,713,420 |
|
Advance Receipts |
- |
12,966,135 |
53,175,835 |
|
Accrued Expenses |
325,352,421 |
261,983,412 |
251,620,845 |
|
Accrued Income Tax |
- |
51,502,449 |
- |
|
Current Portion of Long-Term Debts |
516,702,000 |
200,053,330 |
- |
|
Current Portion of Debentures |
1,100,000,000 |
2,300,000,000 |
1,300,000,000 |
|
Fixed Liabilities |
1,572,107,000 |
2,799,946,670 |
5,100,000,000 |
|
Long-Term Borrowings |
872,107,000 |
999,946,670 |
1,000,000,000 |
|
Debentures |
700,000,000 |
1,800,000,000 |
4,100,000,000 |
|
Provision for Severance & Retirement |
173,724,285 |
135,958,140 |
116,130,451 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
41,241,001,793 |
37,273,249,841 |
29,944,409,903 |
|
Cost of Sold Goods |
37,808,927,142 |
33,560,281,409 |
26,901,148,619 |
|
Gross Profit |
3,432,074,651 |
3,712,968,432 |
3,043,261,284 |
|
Selling & Admin. Expenses |
2,075,484,529 |
1,777,933,979 |
1,569,348,491 |
|
Operating Income |
1,356,590,122 |
1,935,034,453 |
1,473,912,793 |
|
Non-Operating Income |
944,282,717 |
1,349,481,145 |
1,595,564,160 |
|
Non-Operating Expenses |
1,523,440,934 |
1,544,470,140 |
1,977,233,418 |
|
Income Before Taxes |
777,431,905 |
1,740,045,458 |
1,092,243,535 |
|
Income Taxes Expenses |
214,504,988 |
174,751,209 |
4,742,279 |
|
Net Income |
562,926,917 |
1,565,294,249 |
1,087,501,256 |
|
Unit :
Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Cash Flows
from Operating |
-252,499,859 |
914,334,175 |
564,366,443 |
|
-Net Income |
562,926,917 |
1,565,294,249 |
1,087,501,256 |
|
-Exp.
without Cash Outflow |
566,784,510 |
503,147,243 |
655,605,423 |
|
-Revenue
without Cash Inflows |
-479,824,465 |
-1,031,956,212 |
-1,162,307,730 |
|
-Changes in
Asset/ & Liability |
-902,386,821 |
-122,151,105 |
-16,432,506 |
|
Cash Flows
from Investing |
-2,091,500,500 |
-857,368,584 |
559,281,649 |
|
-Cash Inflow
from Investing |
8,500,000 |
22,369,162 |
798,315,726 |
|
-Cash
Outflows for Investing |
-2,100,000,500 |
-879,737,746 |
-239,034,077 |
|
Cash Flows
from Financing |
1,729,891,200 |
-1,961,643,022 |
674,025,853 |
|
-Cash Inflows
from Financing |
5,222,000,000 |
200,000,000 |
3,112,115,469 |
|
-Cash
Outflows from Financing |
-3,492,108,800 |
-2,161,643,022 |
-2,438,089,616 |
|
Increase/Decrease
in Cash |
-614,109,159 |
-1,904,677,431 |
1,797,673,945 |
|
Cash at the Beginning
of Year |
638,137,975 |
2,542,815,406 |
745,141,461 |
|
Cash at the
End of Year |
24,028,816 |
638,137,975 |
2,542,815,406 |
|
Main Products & Services |
Engineering Plastic, Resin and High
Performance Thermoplastic Compounding using Recycling Material |
|
Detailed Products Spec. |
Domestic : 15,000 ton per annum Subsidiary in |
|
Technologies Acquired |
|
|
Suppliers |
HONAM PETRO CHEMICAL CORPORATION(110111-0193196) |
|
Customers |
SANGJU DAEHO GONGJUNG SORYO CO., LTD.( |
|
Competitors |
SAM YANG KASEI CO., LTD. SAMYANG BLDG., 263, YEONJI-DONG, JONGNO-GU,
TEL:+82-2-741-5011 FAX:+82-2-740-7039 S POLYTECH CO., LTD. 425-28, SINCHEOK-RI, DEOKSAN-MYEON,
JINCHEON-GUN, TEL:+82-43-536-9191~3 FAX:+82-43-536-9194 LG DOW POLYCARBONATE LTD. 762-1, JUNGHEUNG-DONG, YEOSU-SI, TEL:+82-61-680-6602 FAX:+82-61-680-6604 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
INDICO (40.0% held by the subject company) |
|
Overseas Office |
SANGJU DAEHO GONGJUNG SORYO CO., LTD.( TEL :+86-519-577-4671/3 FAX :+86-519-577-6673 -SHANGHAI BRANCH A8829, -TSINGDAO BRANCH TEL :+86-532-582-2017 |
|
Subsidiary |
SANGJU DAEHO GONGJUNG SORYO CO., LTD.( (100.0% held by the subject company) |
|
Cooperative |
-Insured Company MERITZ FIRE & MARINE INSURANCE CO., LTD.(110111-0013328) |
(Activity &
Markets)
The Subject deals
with the companies in
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
|
|
1 |
Rs.86.58 |
|
Euro |
1 |
Rs.67.60 |
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.