|
Report Date : |
21.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
REMOTE SOLUTION
CO., LTD. |
|
|
|
|
Registered Office : |
92, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
05.01.1994 |
|
|
|
|
Com. Reg. No.: |
510-81-03478 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Manufacture of Other Electronic Valves, Tubes and Electronic
Components |
|
|
|
|
No. of Employees : |
187 |
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 |
REMOTE SOLUTION
CO., LTD. (Korean Company
Name : “리모트솔루션(주)”) |
|
Registered Address |
92, |
|
Zip Code |
740-871 |
|
Tel |
+82-54-420-4505 |
|
Fax |
+82-54-437-5520 |
|
E-mail |
hbshin@remotesolution.co.kr |
|
Website |
www.remotesolution.co.kr |
|
Trading Address |
92, |
|
Tel |
+82-54-420-4507 |
|
Fax |
+82-54-439-8303 |
|
Type |
Export |
|
Industry |
Manufacture of Other Electronic Valves, Tubes and Electronic
Components n.e.c. |
|
Main Business |
Remote Control, MP3 Player, Aluminum Solid Electrolytic Capacitors,
Harness, Security Camera |
|
Established (mm/dd/yyyy) |
01/05/1994 |
The Subject owns
the premises of registered HQ address.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Remote control(52161525) |
|
Buy |
Dry cell batteries(26111705) |
|
Buy |
Audio visual equipment accessories(52161600) |
|
Buy |
Plastic shells or casings(31261601) |
|
Buy |
Keyboards(43211706) |
|
Buy |
Bare printed circuit boards(32131010) |
|
Buy |
Integrated circuits(32101600) |
|
Buy |
Springs(31161900) |
|
Buy |
Computer displays(43211900) |
|
Buy |
Light emitting diodes LEDs(32111503) |
|
Name |
Shin Hong-Bum |
|
Address |
Suite 101-1607, 77, Doryang-dong,
Gumi-si, |
|
Date of Birth |
09/06/1960 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
2,500,000,000 |
||||||||||||||||||
|
Employees |
187 |
||||||||||||||||||
|
Formation |
Co., Ltd by shares |
||||||||||||||||||
|
Bank Details |
Industrial Bank of Hana Bank |
||||||||||||||||||
|
Corporate Registered No. |
171311-0002679 |
||||||||||||||||||
|
Business Registered No. |
510-81-03478 |
||||||||||||||||||
|
Permit & Licenses |
11/10/1998 ISO 9001 06/24/2003 ISO 14001 Int’l Trade No.: 13010218 |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
01/05/1994 Incorporated as HANGO
ELECTRONICS CO., LTD. 12/01/1997 Awarded US$ 10 Million Export
Top Prize 02/23/1998 Designated as a Promising Export
SME 12/24/2001 Changed company name to the present
name 09/06/2003 Increased capital to
2,000,000,000 KRW from 1,400,000,000 KRW 09/23/2004 Increased capital to
2,500,000,000 KRW from 2,000,000,000 KRW 12/31/2004 Moved to the present HQ address
from 408, Gwanggi-ri, Gamcheon-myeon, Gimcheon-si, 11/2004 Awarded US$ 30 Million Export Top
Prize |
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Shin Hong-Bum |
Male |
Korean |
01/31/2000 |
|
Director |
Mr. |
Park Seok-Kyu |
Male |
Korean |
01/31/2000 |
|
Director |
Mr. |
Lim Myung-Seob |
Male |
Korean |
01/31/2006 |
|
Auditor |
Mr. |
Kim Jae-Joon |
Male |
Korean |
01/31/2009 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
53,536,671,970 |
33,693,188,327 |
1,940,944,919 |
|
|
09/2010 |
45,042,469,489 |
26,155,576,010 |
1,323,729,253 |
|
09/2009 |
30,930,982,666 |
25,177,204,317 |
1,050,389,450 |
|
09/2008 |
38,383,148,740 |
25,922,705,798 |
428,465,131 |
|
09/2007 |
34,868,094,701 |
28,134,163,638 |
(-)1,880,982,558 |
|
09/2006 |
37,519,325,712 |
25,449,358,332 |
154,685,812 |
|
09/2005 |
39,472,151,244 |
21,055,968,369 |
685,713,533 |
|
09/2004 |
56,940,775,570 |
25,242,622,186 |
1,640,543,530 |
|
Authorized Capital(KRW) |
6,400,000,000 |
|
Paid-Up Capital(KRW) |
2,500,000,000 |
|
Total Issued Shares |
250,000 |
|
Unit : Korean Won |
As of 09/30/2011 |
As of 09/30/2010 |
As of 09/30/2009 |
|
Total Assets |
33,693,188,327 |
26,155,576,010 |
25,177,204,317 |
|
Current Assets |
19,777,064,038 |
15,125,109,548 |
13,901,096,552 |
|
-Quick Assets |
16,906,062,747 |
11,642,228,139 |
10,891,032,869 |
|
-Inventories |
2,871,001,291 |
3,482,881,409 |
3,010,063,683 |
|
Fixed Assets |
13,916,124,289 |
11,030,466,462 |
11,276,107,765 |
|
-Investment |
4,066,680,763 |
4,628,137,906 |
5,020,069,413 |
|
-Tangibles |
8,784,530,264 |
5,444,329,351 |
5,409,644,541 |
|
-Intangibles |
256,311,209 |
154,359,719 |
157,310,341 |
|
-Others |
808,602,053 |
803,639,486 |
689,083,470 |
|
Total Liabilities |
22,005,471,985 |
16,408,804,587 |
16,754,162,147 |
|
Current Liabilities |
21,399,403,293 |
15,506,264,589 |
16,255,280,355 |
|
Fixed Liabilities |
606,068,692 |
902,539,998 |
498,881,792 |
|
Capital Stock |
2,500,000,000 |
2,500,000,000 |
2,500,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
9,187,716,342 |
7,246,771,423 |
5,923,042,170 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
11,687,716,342 |
9,746,771,423 |
8,423,042,170 |
|
Liab. & Shareholder’s Equity |
33,693,188,327 |
26,155,576,010 |
25,177,204,317 |
|
Current Liabilities |
21,399,403,293 |
15,506,264,589 |
16,255,280,355 |
|
Trade Payables |
1,435,549,815 |
1,368,036,987 |
1,649,522,699 |
|
Account Payables |
332,985,007 |
339,911,269 |
347,893,552 |
|
Withholdings |
56,630,983 |
46,371,187 |
28,055,830 |
|
Advance Receipts |
146,523,541 |
58,246,393 |
26,401,700 |
|
Short-Term Borrowings |
15,422,656,088 |
9,616,611,634 |
11,930,527,327 |
|
Accrued Expenses |
527,777,162 |
435,233,751 |
347,108,587 |
|
Electric Promisary Notes |
433,158,726 |
1,029,558,821 |
- |
|
Electric Trade Payables |
3,044,121,971 |
2,612,294,547 |
1,925,770,660 |
|
Fixed Liabilities |
606,068,692 |
902,539,998 |
498,881,792 |
|
Leasehold Deposit Received |
5,000,000 |
5,000,000 |
5,000,000 |
|
Provision for Severance & Retirement |
530,607,626 |
613,751,964 |
634,570,371 |
|
Debentures |
500,000,000 |
500,000,000 |
- |
|
Unit : Korean Won |
As of 09/30/2011 |
As of 09/30/2010 |
As of 09/30/2009 |
|
Sales |
53,536,671,970 |
45,042,469,489 |
30,930,982,666 |
|
Cost of Sold Goods |
44,122,222,144 |
36,724,952,219 |
24,396,564,055 |
|
Gross Profit |
9,414,449,826 |
8,317,517,270 |
6,534,418,611 |
|
Selling & Admin. Expenses |
5,205,577,451 |
5,478,047,256 |
3,779,358,388 |
|
Operating Income |
4,208,872,375 |
2,839,470,014 |
2,755,060,223 |
|
Non-Operating Income |
1,386,858,457 |
963,200,384 |
1,812,442,491 |
|
Non-Operating Expenses |
3,657,623,733 |
2,478,941,145 |
3,515,957,214 |
|
Income Before Taxes |
1,938,107,099 |
1,323,729,253 |
1,051,545,500 |
|
Income Taxes Expenses |
-2,837,820 |
- |
1,156,050 |
|
Net Income |
1,940,944,919 |
1,323,729,253 |
1,050,389,450 |
|
Unit : Korean
Won |
As of 09/30/2011 |
As of 09/30/2010 |
As of 09/30/2009 |
|
Cash Flows
from Operating |
796,140,927 |
3,074,259,346 |
1,479,716,677 |
|
-Net Income |
1,940,944,919 |
1,323,729,253 |
1,050,389,450 |
|
-Exp.
without Cash Outflow |
4,068,622,355 |
3,109,873,451 |
1,673,509,644 |
|
-Revenue
without Cash Inflows |
-806,061,857 |
-64,856,703 |
-10,409,273 |
|
-Changes in
Asset/ & Liability |
-4,407,364,490 |
-1,294,486,655 |
-1,233,773,144 |
|
Cash Flows
from Investing |
-6,025,964,471 |
-820,439,521 |
-1,347,887,445 |
|
-Cash Inflow
from Investing |
574,254,378 |
416,786,692 |
1,431,511,571 |
|
-Cash
Outflows for Investing |
-6,600,218,849 |
-1,237,226,213 |
-2,779,399,016 |
|
Cash Flows
from Financing |
5,306,044,454 |
-1,813,915,693 |
-182,073,302 |
|
-Cash
Inflows from Financing |
23,929,445,877 |
8,900,419,982 |
18,855,647,496 |
|
-Cash
Outflows from Financing |
-18,623,401,423 |
-10,714,335,675 |
-19,037,720,798 |
|
Increase/Decrease
in Cash |
76,220,910 |
439,904,132 |
-50,244,070 |
|
Cash at the Beginning
of Year |
570,827,467 |
130,923,335 |
181,167,405 |
|
Cash at the
End of Year |
647,048,377 |
570,827,467 |
130,923,335 |
|
Main Products & Services |
Remote Control, MP3 Player, Aluminum Solid Electrolytic Capacitors,
Harness, Security Camera |
|
Suppliers |
LG ELECTRONICS INC.(110111-2487050) |
|
Customers |
LG DACOM CORPORATION(110111-0315948) HYUNDAI AUTONET CO.,LTD.(134411-0015057) IREVO INC.(110111-1467988) EFFINET SYSTEMS, INC.(110111-1920796) TIVO ECHOSTAR COMCAST( VIRGIN MEDIA LEOWE |
|
Competitors |
OHSUNG ELECTRONICS CO., LTD. 180-4, ONCHEON 1-DONG, DONGNAE-GU, TEL:+82-51-556-0561 FAX:+82-51-552-2168 SAMJIN CO., LTD. 199-6, TEL:+82-31-467-5800 FAX:+82-31-449-3557 HAN SUNG ELECTRONICS CO., LTD. 373-10, JUNG-RI, SEOKJEOK-EUP, CHILGOK-GUN,
TEL:+82-54-473-4216 FAX:+82-54-473-4220 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Overseas Office |
REPIA CO., LTD.( |
|
Subsidiary |
REMOTE (100.00% held by the subject company) REMOTE CON SY US (75.00% held by the subject company) SHINHAN TRADING (99.00% held by the subject company) REMOTE SOLUTION (60.00% held by the subject company) |
|
Cooperative |
-Insured Company HYUNDAI MARINE & FIRE INSURANCE CO., LTD.(110111-0035893) HANWHA GENERAL INSURANCE CO., LTD.(110111-0006456) |
(Activity &
Markets)
|
Sales/ Unit : KRW |
09/2011 |
09/2010 |
09/2009 |
|
Export |
44,689,357,606 |
35,007,411,142 |
|
|
Domestic |
8,847,314,364 |
10,035,058,347 |
|
|
Total |
53,536,671,970 |
45,042,469,489 |
30,930,982,666 |
The Subject exports
to
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.86 |
|
|
1 |
Rs.87.93 |
|
Euro |
1 |
Rs.70.88 |
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.