|
Report Date : |
21.06.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
ZYLE MOTOR COMPANY |
|
|
|
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Formerly Known As : |
DAEWOO BUS GLOBAL COPORATION |
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|
|
|
Registered Office : |
202-1, Ojeong-dong, Ojeong-gu, Bucheon-si, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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|
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Date of Incorporation : |
18.04.2007 |
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|
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Com. Reg. No.: |
130-86-26912 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
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|
|
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No. of Employees : |
81 |
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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
|
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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 |
ZYLE MOTOR
COMPANY (Ex. Company
Name : DAEWOO BUS GLOBAL COPORATION, “대우버스글로벌(주)”) (Korean Company
Name :” 자일자동차(주)”) |
|
Registered Address |
202-1, Ojeong-dong, Ojeong-gu, Bucheon-si,
|
|
Zip Code |
421-814 |
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Tel |
+82-32-680-6692 |
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Fax |
+82-32-680-6610 |
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E-mail |
|
|
Trading Address |
202-1, Ojeong-dong, Ojeong-gu, Bucheon-si,
|
|
Tel |
+82-32-680-6692 |
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Fax |
+82-32-680-6610 |
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Type |
Export |
|
Industry |
|
|
Main Business |
Bus, Bus Parts |
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Established (mm/dd/yyyy) |
04/18/2007 |
Mr. Baik Sung-Hak owns the premises of registered HQ
address.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Busses(25101502) |
|
Name |
Baik Byung-Soo |
|
Address |
C-3, 29-1, Seongbuk-dong, Seongbuk-gu, |
|
Date of Birth |
06/27/1969 |
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Title |
Co-President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
114,200,000 |
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Employees |
81 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Woori Bank Korea Exchange Bank-Hwagok Branch |
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Corporate Registered No. |
121111-0157066 |
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Business Registered No. |
130-86-26912 |
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Permit & Licenses |
Int’l Trade No.: 45312775 |
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Shareholder Position |
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Company History |
04/18/2007 Incorporated as DABO MACHINERY
CO., LTD., after spin off from YOUNGAN INTERNATIONAL CO., LTD.(110111-1405540)
and CLARK MATERIAL HANDLING INTERNATIONAL INC.(110111-0936752) 05/31/2007 Changed company name to DAEWOO BUS GLOBAL COPORATION after
acquiring DAEWOO BUS GLOBAL CO., LTD. 05/31/2007
Increased capital to 114,200,000 KRW from 100,000,000 KRW 05/21/2011 Acquired CLARK ENG CO.,
LTD.(121111-0166273) 09/01/2011
Changed company name to the present name |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Co-President & CEO |
Mr. |
Baik Byung-Soo |
Male |
Korean |
07/01/2008 |
|
Co-President & CEO |
Mr. |
Yoon Young-Han |
Male |
Korean |
04/20/2009 |
|
Director |
Mr. |
Baik Sung-Hak |
Male |
Korean |
04/18/2007 |
|
Auditor |
Mr. |
Kim Moon-Kyung |
Male |
Korean |
03/30/2009 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
140,927,858,872 |
147,155,833,621 |
9,886,339,196 |
|
|
2010 |
134,118,820,407 |
99,707,199,924 |
5,719,290,591 |
|
2009 |
140,512,580,969 |
87,331,418,708 |
7,012,779,542 |
|
2008 |
125,993,908,052 |
93,694,723,188 |
8,638,997,852 |
|
2007 |
61,781,487,166 |
69,945,007,068 |
9,646,466,098 |
|
Authorized Capital(KRW) |
400,000,000 |
|
Paid-Up Capital(KRW) |
114,200,000 |
|
Total Issued Shares |
22,840 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
147,155,833,621 |
99,707,199,924 |
87,331,418,708 |
|
Current Assets |
21,089,919,127 |
14,415,298,937 |
10,480,269,868 |
|
-Quick Assets |
19,880,281,577 |
14,243,491,969 |
8,469,208,069 |
|
-Inventories |
1,209,637,550 |
171,806,968 |
2,011,061,799 |
|
Fixed Assets |
126,065,914,494 |
85,291,900,987 |
76,851,148,840 |
|
-Investment |
124,221,238,712 |
82,263,313,506 |
75,711,730,631 |
|
-Tangibles |
109,255,373 |
102,089,631 |
8,500,359 |
|
-Intangibles |
1,718,922,559 |
2,910,000,000 |
1,120,000,000 |
|
-Others |
16,497,850 |
16,497,850 |
10,917,850 |
|
Total Liabilities |
71,875,487,623 |
43,597,017,296 |
38,031,378,396 |
|
Current Liabilities |
61,459,213,944 |
36,134,691,610 |
31,402,616,866 |
|
Fixed Liabilities |
10,416,273,679 |
7,462,325,686 |
6,628,761,530 |
|
Capital Stock |
114,200,000 |
114,200,000 |
114,200,000 |
|
Capital Surplus |
25,210,963,050 |
25,210,454,142 |
25,210,454,142 |
|
Profit Surplus |
48,523,825,434 |
31,017,534,083 |
25,298,243,492 |
|
Capital Adjustment |
1,431,357,514 |
-232,005,597 |
-1,322,857,322 |
|
Total Equity |
75,280,345,998 |
56,110,182,628 |
49,300,040,312 |
|
Liab. & Shareholder’s Equity |
147,155,833,621 |
99,707,199,924 |
87,331,418,708 |
|
Current Liabilities |
61,459,213,944 |
36,134,691,610 |
31,402,616,866 |
|
Trade Payables |
19,334,827,260 |
16,279,711,876 |
10,594,991,563 |
|
Short-Term Borrowings |
35,915,406,400 |
16,623,760,993 |
16,623,760,993 |
|
Account Payables |
2,547,315,908 |
2,011,759,612 |
869,935,837 |
|
Accrued Expenses |
108,350,325 |
119,398,663 |
417,261,436 |
|
Advance Receipts |
1,282,046,258 |
739,374,938 |
1,738,742,074 |
|
Withholdings |
150,544,158 |
127,829,390 |
88,928,721 |
|
Accrued Income Tax |
392,482,428 |
232,856,138 |
915,203,130 |
|
Guarantee Deposit Withhold |
1,605,688,363 |
- |
33,696,834 |
|
Other Current Liabilities |
122,552,844 |
- |
120,096,278 |
|
Fixed Liabilities |
10,416,273,679 |
7,462,325,686 |
6,628,761,530 |
|
Provision for Severance & Retirement |
625,379,244 |
249,206,759 |
225,141,924 |
|
Deferred Income Tax Credit |
9,790,894,435 |
7,213,118,927 |
6,403,619,606 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
140,927,858,872 |
134,118,820,407 |
140,512,580,969 |
|
Cost of Sold Goods |
119,645,701,264 |
112,935,708,825 |
116,434,154,255 |
|
Gross Profit |
21,282,157,608 |
21,183,111,582 |
24,078,426,714 |
|
Selling & Admin. Expenses |
18,328,153,627 |
18,491,635,608 |
14,589,611,457 |
|
Operating Income |
2,954,003,981 |
2,691,475,974 |
9,488,815,257 |
|
Non-Operating Income |
22,359,000,557 |
10,206,512,508 |
9,725,481,113 |
|
Non-Operating Expenses |
17,838,272,904 |
5,897,502,791 |
10,134,679,974 |
|
Income Before Taxes |
7,474,731,634 |
7,000,485,691 |
9,079,616,396 |
|
Income Taxes Expenses |
-2,411,607,562 |
1,281,195,100 |
2,066,836,854 |
|
Net Income |
9,886,339,196 |
5,719,290,591 |
7,012,779,542 |
Cash
Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Cash Flows from Operating |
2,091,291,322 |
1,997,385,961 |
8,285,550,377 |
|
-Net Income |
9,886,339,196 |
5,719,290,591 |
7,012,779,542 |
|
-Exp. without Cash Outflow |
13,463,094,091 |
1,799,695,876 |
2,618,029,446 |
|
-Revenue without Cash Inflows |
-18,958,969,262 |
-6,333,961,504 |
-2,598,909,460 |
|
-Changes in Asset/ & Liability |
-2,299,172,703 |
812,360,998 |
1,253,650,849 |
|
Cash Flows from Investing |
-641,829,242 |
-2,011,777,439 |
-1,409,633,200 |
|
-Cash Inflow from Investing |
9,089,265 |
26,181,018 |
19,886,800 |
|
-Cash Outflows for Investing |
-650,918,507 |
-2,037,958,457 |
-1,429,520,000 |
|
Cash Flows from Financing |
-432,137,217 |
- |
-8,862,000,000 |
|
-Cash Inflows from Financing |
857,862,783 |
- |
15,000,000,000 |
|
-Cash Outflows from Financing |
-1,290,000,000 |
- |
-23,862,000,000 |
|
Increase/Decrease in Cash |
1,017,324,863 |
-14,391,478 |
1,986,082,823 |
|
Cash at the Beginning of Year |
147,648,053 |
162,039,531 |
2,148,122,354 |
|
Cash at the End of Year |
1,164,972,916 |
147,648,053 |
162,039,531 |
|
Main Products & Services |
Bus, Bus Parts |
|
Suppliers |
DAEWOO BUS CORPORATION(120111-0295940) |
|
Competitors |
DOOWON HEAVY
INDUSTRIAL CO., LTD. 650,
GUHO-RI, CHUKDONG-MYEON, SACHEON-SI, TEL:+82-55-851-2121 FAX:+82-55-851-2011 S.S TRADE
CORPORATION 1439, JWA
2-DONG, HAEUNDAE-GU, TEL:+82-51-915-6466 FAX:+82-51-915-5251 HOGYEONG
CO., LTD. 98-1, BUJEON
1-DONG, BUSANJIN-GU, TEL:+82-51-806-4123 FAX:+82-51-802-4123 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
DAEWOO BUS CORPORATION(120111-0295940) (90.0% held by the subject company) OBS GYEONGIN TV CO., LTD.(121111-0149021) (5.0% held by the subject company) |
|
Affiliates-Overseas |
GULIN DAEWOO BUS CO., LTD. TEL :+86-773-632-3996 FAX :+86-773-362-6182 SHANGHAI WANXING AUTOMOBILE CO., LTD. NO.999, TEL :+86-21-6760-0774 FAX :+86-21-6760-0541 VIETNAM DAEWOO BUS CO., LTD. LOT CN9 TEL :+842-1172-1335 FAX :+842-1172-1334 DAEWOO BUS 12143-1000 TEL :+506-282-9320 FAX :+506-282-5555 DAEWOO BUS TEL :+7-7222-33-4601 FAX :+7-7222-33-4606 MASTER TRANSPORTATION BUS MANUFACTUREING
CO., LTD. (10.2% held by the subject company) NO.385, TEL :+886-2-2578-8978 FAX :+886-2-2579-4156 DAEWOO BUS( NO. 999, TEL :+86-21-6760-2041 FAX :+86-21-6760-2045 DAEWOO BUS COSTARICA S.A VIETNAM DAEWOO BUS CO., LTD DAEWOO BUS (50.0% held by the subject company) GYERIM DAEWOO BUS CO., LTD.( (50.0% held by the subject company) |
|
Subsidiary |
DAEWOO BUS CORPORATION(120111-0295940) (90.0% held by the subject company) DAEWOO BUS COSTARICA S.A (98.3% held by the subject company) VIETNAM DAEWOO BUS CO., LTD. (100.0% held by the subject company) DAEWOO MOTOR SALES CORPORATION(120111-0592908) ACROSTAR MOTORS LTD.(110111-3449405) WOORI CAPITAL RENT A CAR CO., LTD.(134511-0129898) KORAD CO., LTD.(110111-0298904) |
(Activity & Markets)
The Subject exports
to Middle East including UAE.
No.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.86 |
|
UK Pound |
1 |
Rs.87.93 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.