|
Report Date : |
18.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
THYSSENKRUPP ELEVATOR ( |
|
|
|
|
Formerly Known As : |
THYSSENKRUPP DONGYANG ELEVATOR CO., LTD. |
|
|
|
|
Registered Office : |
55-30, Oryu 1-dong, Guro-gu, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
28.06.1979 |
|
|
|
|
Com. Reg. No.: |
133-81-23748 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Manufacture of Elevators and Conveyor systems |
|
|
|
|
No. of Employees : |
837 |
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 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company
Name |
THYSSENKRUPP
ELEVATOR ( (Korean Company
Name : “티센크루프엘리베이터코리아(주)”) |
|
Registered Address |
55-30, Oryu 1-dong, Guro-gu, |
|
Zip Code |
152-894 |
|
Tel |
+82-2-2610-7777 |
|
Fax |
+82-2-2610-7700 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
55-30, Oryu 1-dong, Guro-gu, |
|
Tel |
+82-2-2610-7777 |
|
Fax |
+82-2-2610-7700 |
|
Other Address-Cheonan Factory |
115-24,
Sindu-ri, Ipjang-myeon, Seobuk-gu, Cheonan-si, |
|
Tel |
+82-41-589-4000 |
|
Fax |
+82-41-589-4200 |
|
Other Address-Gangnam Office |
12F,
7-23, Sincheon-dong, Songpa-gu, |
|
Tel |
+82-02-413-6723 |
|
Fax |
+82-02-3413-6728 |
|
Other Address-Gangbuk Office |
Dongdaemon
Building 7F, 330-1, Changsin-dong, Jongno-gu, 110-540, |
|
Tel |
+82-02-745-2390 |
|
Fax |
+82-02-745-2395 |
|
Other Address-Gangseo Office |
|
|
Tel |
+82-32-330-0830 |
|
Fax |
+82-32-330-0845 |
|
Other Address-Gyeonggi Office |
Andong
Building 2F, 1023-1, Gwonseon-dong, Gwonseon-gu, Suwon-si, Gyeonggi-do,
441-390, |
|
Tel |
+82-31-238-5577 |
|
Fax |
+82-31-329-8724 |
|
Other Address-Daejeon Office |
Sentria Officetel 5F, Room No. 1610~1615,
Oryu-dong, Jung-gu, Daejeon, 301-120 |
|
Tel |
+82-42-525-7241 |
|
Fax |
+82-42-525-7245 |
|
Other Address-Gyeongbuk Office |
|
|
Tel |
+82-53-742-7033 |
|
Fax |
+82-53-742-245 |
|
Other Address-Gyeongnam Office |
Jungang
Building 10F, 51, Daechang-dong 1-ga, Jung-gu, Busan, 600-101 |
|
Tel |
+82-51-466-1621~4 |
|
Fax |
+82-51-465-2365 |
|
Other Address-Honam Office |
Songkang
Building 7F, 33-42, Yu-dong, Buk-gu, Gwangju, 500-020 |
|
Tel |
+82-51-466-1621~4 |
|
Fax |
.+82-51-465-2365 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Elevators and Conveyor systems |
|
Main Business |
Elevator, Escalator, Moving Sidewalk, Car Lift |
|
Sub
Business |
Installation of Machinery Equipment for Building |
|
Established (mm/dd/yyyy) |
06/28/1979 |
The Subject owns the premises of Chunan
Factory.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Lifts(24101604) |
|
Sell |
Elevators(24101601) |
|
Sell |
Escalator or walkways(24101626) |
|
Buy |
Capacitors(32121500) |
|
Buy |
Silicone VMQ and PMQ and PVMQ(13101708) |
|
Buy |
Circuit protection devices and accessories(39121600) |
|
Buy |
Electrical insulators(39121721) |
|
Buy |
Motors(26101600) |
|
Buy |
Resistors(32121600) |
|
Buy |
Switches and controls and relays and accessories(39121500) |
|
Buy |
Inductors(32121702) |
|
Buy |
Diodes(32111500) |
|
Buy |
Magnetic coils(39121010) |
|
Buy |
Integrated circuits(32101600) |
|
Buy |
Power supply transformers(39121002) |
|
Buy |
Light emitting diodes LEDs(32111503) |
|
Name |
Park Yang-Choon |
|
Address |
|
|
Date of Birth |
06/26/1958 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
1,273,220,000 |
|||||||||
|
Employees |
837 |
|||||||||
|
Formation |
Co., Ltd by shares Foreign Direct Investment Corporation by |
|||||||||
|
Bank Details |
Korea Exchange Bank-Oyu Dong Branch |
|||||||||
|
Corporate Registered No. |
124311-0004898 |
|||||||||
|
Business Registered No. |
133-81-23748 |
|||||||||
|
Permit & Licenses |
04/1997 ISO 9001 09/21/2000 ISO 14001 Int’l Trade No.: 301527 |
|||||||||
|
Shareholder Position |
|
|||||||||
|
Company History |
06/28/1979
Incorporated as Dongyang Heavy Industries Co., Ltd. 10/01/2003
Acquired Elevator Business Division from DY HOLDINGS CO., LTD., and changed
company name to THYSSENKRUPP DONGYANG ELEVATOR CO., LTD. 08/07/2008 Changed company name to the
present name 09/29/2008 Acquired WON
CORPORATION(161511-0007819) |
|||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Park Yang-Choon |
Male |
Korean |
04/06/2012 |
|
Director |
Mr. |
Yourgen Buller |
Male |
German |
12/01/2010 |
|
Director |
Mr. |
Ahn Sang-Woo |
Male |
Korean |
10/17/2008 |
|
Director |
Mr. |
Yoon Sung-Tae |
Male |
Korean |
10/17/2008 |
|
Director |
Mr. |
Lee Jong-Young |
Male |
Korean |
10/17/2008 |
|
Auditor |
Mr. |
Stephan Alshut |
Male |
German |
08/01/2008 |
|
Supervisor of HQ Address |
Mr. |
Jo Jae-Hyun |
Male |
German |
04/07/2008 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
299,116,794,623 |
165,785,836,937 |
5,444,136,882 |
|
|
(*)09/2010 |
311,154,088,577 |
190,292,057,307 |
5,180,539,534 |
|
09/2009 |
340,305,634,811 |
219,307,202,781 |
(-)22,493,042,701 |
|
09/2008 |
270,249,787,008 |
214,203,751,552 |
(-)116,256,806,082 |
|
09/2007 |
292,246,289,855 |
242,468,817,624 |
(-)33,927,214,779 |
|
09/2006 |
267,874,760,643 |
254,000,241,497 |
(-)17,265,448,302 |
|
09/2005 |
306,263,337,440 |
253,989,347,876 |
5,779,967,994 |
|
09/2004 |
252,256,419,280 |
262,045,194,339 |
3,529,450,626 |
(*)09/2011 and
09/2010 ‘s figures are based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
2,000,000,000 |
|
Paid-Up Capital(KRW) |
1,273,220,000 |
|
Total Issued Shares |
254,644 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 09/30/2011 |
As of 09/30/2010 |
As of 09/30/2009 |
|
Total Assets |
165,785,836,937 |
190,292,057,307 |
|
|
Current Assets |
126,575,020,358 |
149,229,303,028 |
|
|
Cash & Cash
Equivalents |
3,689,556,970 |
4,717,998,625 |
|
|
Current Financial
Instruments |
27,884,096,568 |
32,127,454,274 |
|
|
Trade Receivables |
52,533,955,271 |
62,182,194,138 |
|
|
Other Receivables-Construction |
18,839,522,205 |
23,956,508,197 |
|
|
Short-Term
Receivables |
1,498,897,107 |
1,931,414,024 |
|
|
Inventories |
18,946,998,829 |
18,359,804,951 |
|
|
Derivatives |
493,578,712 |
3,619,494,735 |
|
|
Prepaid Taxes |
105,740,190 |
75,176,727 |
|
|
Other Current Assets |
2,582,674,506 |
2,259,257,357 |
|
|
Non-Current Assets |
39,210,816,579 |
41,062,754,279 |
|
|
Marketable Financial
Instruments |
2,812,590,440 |
2,812,590,440 |
|
|
Tangibles |
31,257,598,667 |
32,351,787,706 |
|
|
Intangibles |
2,600,511,811 |
2,805,724,265 |
|
|
Guarantees |
2,150,493,980 |
2,597,529,980 |
|
|
Other Non-Current
Assets |
389,621,681 |
495,121,888 |
|
|
Total
Liabilities |
103,916,645,738 |
128,145,423,395 |
|
|
Current Liabilities |
82,827,051,048 |
113,649,220,842 |
|
|
Trade Payables |
32,376,984,268 |
33,357,043,126 |
|
|
Short-Term Borrowings |
296,956,886 |
589,486,445 |
|
|
Account Payables |
3,582,604,676 |
4,492,429,663 |
|
|
Accrued Expenses |
9,937,458,924 |
9,350,930,951 |
|
|
Advance Receipts |
3,594,251,574 |
3,579,828,534 |
|
|
Accrued Income Tax |
510,135,080 |
- |
|
|
Other Payables-Constrcution |
15,891,517,866 |
18,789,343,216 |
|
|
Provisions |
12,467,918,061 |
12,351,688,355 |
|
|
Current Portion of
Long-Term Debts |
- |
29,646,500,000 |
|
|
Derivatives |
2,872,810,582 |
430,118,947 |
|
|
Other Current
Liabilities |
1,296,413,131 |
1,061,851,605 |
|
|
Non-Current Liabilities |
21,089,594,690 |
14,496,202,553 |
|
|
Confirmed Salaries |
21,089,594,690 |
14,496,202,553 |
|
|
Capital Stock |
1,273,220,000 |
1,273,220,000 |
|
|
Capital Surplus |
233,981,980,410 |
233,981,980,410 |
|
|
Profit Surplus |
-173,386,009,211 |
-173,039,594,251 |
|
|
Others |
- |
-68,972,247 |
|
|
Total Equity |
61,869,191,199 |
62,146,633,912 |
|
|
Liab. &
Shareholder’s Equity |
165,785,836,937 |
190,292,057,307 |
|
Income
Statement
|
|||
|
Unit : Korean Won |
As of 09/30/2011 |
As of 09/30/2010 |
As of 09/30/2009 |
|
Sales |
299,116,794,623 |
311,154,088,577 |
|
|
Cost of Sold Goods |
263,358,038,630 |
274,054,873,394 |
|
|
Gross Profit |
35,758,755,993 |
37,099,215,183 |
|
|
Selling & Admin.
Expenses |
-31,861,755,114 |
-31,061,564,788 |
|
|
Other Operating
Income |
1,278,497,441 |
481,853,707 |
|
|
Other Operating
Expenses |
-102,226,768 |
-155,454,472 |
|
|
Operating Income |
5,073,271,552 |
6,364,049,630 |
|
|
Finance Income |
20,942,744,018 |
34,782,244,288 |
|
|
Finance Expenses |
-19,937,154,228 |
-35,965,754,384 |
|
|
Income Before Taxes |
6,078,861,342 |
5,180,539,534 |
|
|
Income Taxes Expenses |
634,724,460 |
- |
|
|
Net Income |
5,444,136,882 |
5,180,539,534 |
|
Cash
Flows
|
|||
|
Unit : Korean Won |
As of 09/30/2011 |
As of 09/30/2010 |
As of 09/30/2009 |
|
Operating
Activities Cash Flows |
23,889,556,957 |
37,660,962,180 |
|
|
Cash Flows from Operating |
23,471,743,183 |
37,576,265,344 |
|
|
Interests Received |
1,036,202,752 |
1,246,594,332 |
|
|
Interests Paid |
-494,104,609 |
-1,205,048,495 |
|
|
Dividends Received |
30,868,474 |
41,266,104 |
|
|
Income Taxes |
-155,152,843 |
1,884,895 |
|
|
Cash
Flows from Investing |
5,019,659,104 |
1,835,197,927 |
|
|
Cash Inflow from Investing |
101,557,879,122 |
90,392,595,454 |
|
|
Cash Outflows for Investing |
96,538,220,018 |
88,557,397,527 |
|
|
Cash
Flows from Financing |
-29,931,029,559 |
-36,343,385,801 |
|
|
Cash Inflows from Financing |
8,000,000 |
183,645,907 |
|
|
Cash Outflows from Financing |
29,939,029,559 |
36,527,031,708 |
|
|
Increase/Decrease
in Cash |
-1,021,813,498 |
3,152,774,306 |
|
|
Cash at
the Beginning of Year |
4,717,998,625 |
1,565,224,319 |
|
|
Cash at
the End of Year |
3,689,556,970 |
4,717,998,625 |
|
|
Main Products & Services |
As a major elevator company specialized in
manufacture, installation and maintenance service of elevators/escalators,
the subject has provided about 4,000 units under maintenance in Korea, and
Cheonan plant has one of the world's largest elevator factories & one of
the tallest Test Tower in the world(157m). Elevator Passengers' Elevator
High Rise building elevator
Office building elevator
Apartment elevator
Machine Room Less(MRL) elevator Freight Elevator Observation Elevator Nude
Elevator Hospital Elevator Car
Lift Escalator Moving sidewalk |
|
Detailed Products Spec. |
Annually 8,000 units |
|
Customers |
POSCO ENGINEERING & CONSTRUCTION SAMSUNG CORPORATION SAMSUNG EVERLAND DAEWOO ENGINEERING & CONSTRUCTION SAMSUNG HEAVY INDUSTRIES DONGBU ENGINEERING & CONSTRUCTION WAL MART SK ENGINEERING & CONSTRUCTION |
|
Competitors |
HYUNDAI ELEVATOR CO., LTD. SAN 136-1, AMI-RI, BUBAL-EUP, ICHEON-SI, TEL:+82-31-644-5114 FAX:+82-2-745-4227 MITSUBISHI ELEVATOR KOREA CO., LTD. 9TH TEL:+82-2-6670-2053 FAX:+82-2-6670-2060 SCHINDLER ELEVATOR CO., LTD. 4DA-401, SIHWA INDUSTRIAL COMPLEX, 657,
SEONGGOK-DONG, DANWON-GU, ANSAN-SI, TEL:+82-31-431-0151 FAX:+82-31-431-0166 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
THYSSENKRUPP ELEVATOR AG |
|
Corporate Ownership |
THYSSENKRUPP ELEVATOR AG |
|
Major Shareholders |
THYSSENKRUPP ELEVATOR AG |
|
Cooperative |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078) |
(Activity &
Markets)
The Subject deals with the companies in
No.
-----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.76 |
|
|
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.70.44 |
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.