|
Report Date : |
09.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
ENTEC ELECTRIC & ELECTRONIC CO., LTD. |
|
|
|
|
Registered Office : |
78-2, Buncheon-ri, Bongdam-eup, Hwaseong-si, |
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|
|
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Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
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|
|
|
Date of Incorporation : |
10.12.1996 |
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|
|
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Com. Reg. No.: |
138-81-12945 |
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|
|
|
Legal Form : |
Co., Ltd by Shares |
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|
|
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Line of Business : |
Manufacture of Electrical Apparatuses for Switching, Protecting and
Connecting Electrical Circuits Used in Power Distribution Systems |
|
|
|
|
No. of Employees : |
151 |
RATING & COMMENTS
|
MIRAs 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 : |
Exists |
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 |
ENTEC ELECTRIC & ELECTRONIC CO., LTD. (Korean Company Name : 인텍전기전자(주)) |
|
Registered Address |
78-2, Buncheon-ri, Bongdam-eup,
Hwaseong-si, |
|
Zip Code |
445-894 |
|
Tel |
+82-31-299-8400 |
|
Fax |
+82-31-227-1164 |
|
E-mail |
entec@entecene.co.kr |
|
Website |
www.entecene.co.kr |
|
Trading Address |
78-2, Buncheon-ri, Bongdam-eup,
Hwaseong-si, |
|
Tel |
+82-31-299-8400 |
|
Fax |
+82-31-227-1164 |
|
Type |
Export |
|
Industry |
Manufacture of Electrical Apparatuses for Switching, Protecting and
Connecting Electrical Circuits Used in Power Distribution Systems |
|
Main Business |
Switchgear, Circuit Breaker, Alarm, Recloser, Measuring Instrument |
|
Established (mm/dd/yyyy) |
12/10/1996 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Circuit protection devices and
accessories(39121600) |
|
Sell |
Gas insulated switchgears(26131812) |
|
Sell |
Circuit breakers(39121601) |
|
Buy |
Air circuit breakers(39121615) |
|
Name |
Ko In-Suk |
|
Address |
|
|
Date of Birth |
06/15/1945 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
800,000,000 |
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|
Employees |
151 |
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Formation |
Co., Ltd by Shares Venture Business |
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Bank Details |
Kookmin Bank Industrial Bank of Korea-Pyungchon Branch |
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Corporate Registered No. |
134111-0052683 |
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Business Registered No. |
138-81-12945 |
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Permit & Licenses |
07/27/2005 EM Mark Intl Trade No.: 11410351 |
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Shareholder Position |
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Company History |
12/10/1996 Incorporated as the present name 12/27/2003 Increased capital to 800,000,000
KRW from 500,000,000 KRW 01/5/2004 Moved to the present HQ address
from 30-28, Wau-ri, Bongdam-eup, Hwaseong-si, 11/2004 Awarded US$ 1 Million Export Top
Prize 12/31/2004 Designated as a Venture Business 11/26/2007 Designated as an INNO-BIZ
Company 03/28/2008 Increased the authorized shares to
1,000,000 shares from 80,000 shares 09/14/2010 Designated as a Venture Business
again |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Ko In-Suk |
Male |
Korean |
06/29/2001 |
|
Director |
Mr. |
Lee Hwa-Se |
Male |
Korean |
03/28/2005 |
|
Director |
Mr. |
Kim Young-Il |
Male |
Korean |
06/29/2007 |
|
Auditor |
Mr. |
Kim Sang-Ik |
Male |
Korean |
07/08/2002 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
52,053,273,204 |
59,569,073,286 |
3,619,364,479 |
|
|
2010 |
42,652,408,507 |
43,906,562,282 |
3,690,197,147 |
|
2009 |
49,916,761,377 |
43,430,858,093 |
836,036,944 |
|
Authorized Capital(KRW) |
10,000,000,000 |
|
Paid-Up Capital(KRW) |
800,000,000 |
|
Total Issued Shares |
80,000 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
59,569,073,286 |
43,906,562,282 |
43,430,858,093 |
|
Current Assets |
28,943,545,707 |
12,574,427,540 |
13,514,816,083 |
|
-Quick Assets |
16,187,558,654 |
5,797,874,443 |
6,389,400,475 |
|
-Inventories |
12,755,987,053 |
6,776,553,097 |
7,125,415,608 |
|
Fixed Assets |
30,625,527,579 |
31,332,134,742 |
29,916,042,010 |
|
-Investment |
210,219,260 |
204,219,260 |
268,219,260 |
|
-Tangibles |
18,401,697,052 |
19,541,134,585 |
18,816,440,611 |
|
-Intangibles |
11,675,304,958 |
11,215,506,963 |
10,461,187,549 |
|
-Others |
338,306,309 |
371,273,934 |
370,194,590 |
|
Total Liabilities |
40,376,324,274 |
28,333,177,749 |
31,547,670,707 |
|
Current Liabilities |
22,492,209,428 |
9,802,167,070 |
13,218,215,181 |
|
Fixed Liabilities |
17,884,114,846 |
18,531,010,679 |
18,329,455,526 |
|
Capital Stock |
800,000,000 |
800,000,000 |
800,000,000 |
|
Capital Surplus |
|
|
|
|
Profit Surplus |
14,299,364,965 |
10,680,000,486 |
6,989,803,339 |
|
Capital Adjustment |
4,093,384,047 |
4,093,384,047 |
4,093,384,047 |
|
Total Equity |
19,192,749,012 |
15,573,384,533 |
11,883,187,386 |
|
Liab. & Shareholders Equity |
59,569,073,286 |
43,906,562,282 |
43,430,858,093 |
|
Current Liabilities |
22,492,209,428 |
9,802,167,070 |
13,218,215,181 |
|
Trade Payables |
13,897,260,731 |
6,401,408,472 |
8,892,010,278 |
|
Short-Term Borrowings |
3,351,651,745 |
995,264,954 |
1,759,092,541 |
|
Account Payables |
66,824,008 |
46,107,560 |
59,698,540 |
|
Advance Receipts |
263,738,240 |
760,996,219 |
707,826,272 |
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Withholdings |
76,139,030 |
53,287,740 |
80,153,650 |
|
VAT Withhold |
- |
209,260,489 |
- |
|
Accrued Expenses |
785,996,084 |
516,964,084 |
523,162,300 |
|
Provisions for A/S |
384,779,708 |
231,237,552 |
185,011,600 |
|
Derivatives |
104,339,882 |
- |
991,760,000 |
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Current Portion of Long-Term Debts |
561,480,000 |
587,640,000 |
19,500,000 |
|
Current Portion of Debentures |
3,000,000,000 |
- |
- |
|
Fixed Liabilities |
17,884,114,846 |
18,531,010,679 |
18,329,455,526 |
|
Debentures |
- |
3,000,000,000 |
3,000,000,000 |
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Long-Term Borrowings |
15,191,000,000 |
13,027,480,000 |
12,604,120,000 |
|
Long-Term Account Payables |
205,053,875 |
391,060,996 |
392,380,000 |
|
Provision for Severance & Retirement |
2,052,540,360 |
1,509,948,744 |
1,815,856,740 |
|
Non-Current Portion of Deferred Income Tax Credit |
435,520,611 |
602,520,939 |
517,098,786 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
52,053,273,204 |
42,652,408,507 |
49,916,761,377 |
|
Cost of Sold Goods |
40,606,342,904 |
32,577,062,260 |
44,077,327,463 |
|
Gross Profit |
11,446,930,300 |
10,075,346,247 |
5,839,433,914 |
|
Selling & Admin. Expenses |
7,174,285,321 |
5,957,176,969 |
4,189,416,655 |
|
Operating Income |
4,272,644,979 |
4,118,169,278 |
1,650,017,259 |
|
Non-Operating Income |
782,557,735 |
1,210,626,581 |
688,536,595 |
|
Non-Operating Expenses |
1,714,427,859 |
1,566,909,471 |
1,634,155,457 |
|
Income Before Taxes |
3,340,774,855 |
3,761,886,388 |
704,398,397 |
|
Income Taxes Expenses |
-278,589,624 |
71,689,241 |
-131,638,547 |
|
Net Income |
3,619,364,479 |
3,690,197,147 |
836,036,944 |
|
Unit :
Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Cash Flows from
Operating |
7,423,337,572 |
8,086,149,298 |
2,863,334,925 |
|
-Net Income |
3,619,364,479 |
3,690,197,147 |
836,036,944 |
|
-Exp.
without Cash Outflow |
7,675,813,636 |
7,056,246,502 |
4,558,027,123 |
|
-Revenue
without Cash Inflows |
-243,689,823 |
-810,171,909 |
-29,377,788 |
|
-Changes in
Asset/ & Liability |
-3,628,150,720 |
-1,850,122,442 |
-2,501,351,354 |
|
Cash Flows
from Investing |
-6,892,856,232 |
-7,211,195,020 |
-7,246,369,901 |
|
-Cash Inflow
from Investing |
19,920,064,020 |
4,534,056,929 |
3,213,327,802 |
|
-Cash
Outflows for Investing |
-26,812,920,252 |
-11,745,251,949 |
-10,459,697,703 |
|
Cash Flows
from Financing |
4,493,746,791 |
-744,587,587 |
3,725,462,736 |
|
-Cash
Inflows from Financing |
15,531,651,745 |
13,055,264,954 |
20,282,592,541 |
|
-Cash
Outflows from Financing |
-11,037,904,954 |
-13,799,852,541 |
-16,557,129,805 |
|
Increase/Decrease
in Cash |
5,024,228,131 |
130,366,691 |
-657,572,240 |
|
Cash at the
Beginning of Year |
559,045,293 |
428,678,602 |
1,086,250,842 |
|
Cash at the
End of Year |
5,583,273,424 |
559,045,293 |
428,678,602 |
|
Main Products & Services |
Switchgear, Circuit Breaker, Alarm, Recloser, Measuring Instrument |
|
Competitors |
WOOJIN MECHANICAL AND ELECTRIC CO., LTD. 837, IMOK-DONG, JANGAN-GU, SUWON-SI,
GYEONGGI- TEL:+82-31-249-6121~6 FAX:+82-31-248-7840 DASS TECH CO., LTD. 319-1, SONGDAE-RI, OCHANG-EUP,
CHEONGWON-GUN, TEL:+82-43-218-5670 FAX:+82-43-218-5671 WELD LINE CO., LTD. 379-6, CHEONGCHEON 2-DONG, BUPYEONG-GU, TEL:+82-32-507-0991~3 FAX:+82-32-507-0988 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Cooperative |
-Insured Company HYUNDAI MARINE & FIRE INSURANCE CO., LTD.(110111-0035893) |
(Activity &
Markets)
|
Sales/ Unit : KRW |
2011 |
2010 |
2009 |
|
Export |
13,565,127,715 |
6,155,920,251 |
0 |
|
Domestic |
38,280,581,028 |
36,351,645,517 |
0 |
|
Others |
207,564,461 |
144,842,739 |
0 |
|
Total |
52,053,273,204 |
42,652,408,507 |
49,916,761,377 |
The Subject exports
to
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
|
Kim Suk-Min |
The Subject Company |
Claim for Compensation from Damages |
100,100,000 |
1st round is proceeding |
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
|
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
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 SCs 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.