|
Report Date : |
23.06.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
TCT CORPORATION |
|
|
|
|
Formerly Known As : |
SAMWON CO., LTD. |
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|
|
|
Registered Office : |
1080, Hwasan-ri, Onsan-eup, Ulju-gun, |
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|
|
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Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
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|
|
|
Date of Incorporation : |
14.03.1995 |
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|
|
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Com. Reg. No.: |
610-81-21529 |
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|
Legal Form : |
Co., Ltd by shares |
|
|
|
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Line of Business : |
Manufacturer of Optical Fiber Cables |
|
|
|
|
No. of Employees : |
303 |
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 |
TCT CORPORATION (English Company
Name : TAIHAN COPPER TECH CO., LTD.) (Korean Company Name : “(주)티씨티”) |
|
Registered Address |
1080, Hwasan-ri, Onsan-eup, Ulju-gun, |
|
Zip Code |
689-896 |
|
Tel |
+82-52-239-7001 |
|
Fax |
+82-52-239-4235 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
1080, Hwasan-ri, Onsan-eup, Ulju-gun, |
|
Tel |
+82-52-239-7001 |
|
Fax |
+82-52-239-4235 |
|
Other Address-Seoul Office |
Suite 101-1402, castle Tower Officetel,
1120, Ingye-dong, Paldal-gu, Suwon-si, |
|
Tel |
+82-31-898-7003 |
|
Fax |
+82-31-898-8342 |
|
Other Address-2nd Factory |
60-2, Haknam-ri, Onsan-eup, Ulju-gun, |
|
Tel |
+82-52-239-7002 |
|
Fax |
+82-52-238-8342 |
|
Other Address-3rd Factory |
753-15, Wonsan-ri, Onsan-eup,
Ulju-gun, |
|
Tel |
+82-52-239-7003 |
|
Fax |
+82-52-239-7052 |
|
Other Address-4th Factory |
753-15, Wonsan-ri, Onsan-eup,
Ulju-gun, |
|
Tel |
+82-52-239-9966 |
|
Fax |
+82-52-239-9967 |
|
Other Address-5th Factory |
749, Hwasan-ri, Onsan-eup, Ulju-gun, |
|
Tel |
+82-52-239-0066 |
|
Fax |
+82-52-239-7358 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Optical Fiber Cables |
|
Main Business |
Rotor Coil, Copper Bus Bar, Enameled Copper Wire, Mica Tape, E-Micas |
|
Established (mm/dd/yyyy) |
03/14/1995 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Copper wire(26121517) |
|
Sell |
Busways(39121206) |
|
Sell |
Copper billets(30103304) |
|
Sell |
Insulated or covered wire(26121524) |
|
Sell |
Non ferrous alloy bars(30101602) |
|
Sell |
Electrical insulators(39121721) |
|
Buy |
Aluminum(11101705) |
|
Buy |
Thyristors(32111702) |
|
Buy |
Billets(30103300) |
|
Name |
Won Kwang-Jung |
|
Address |
|
|
Date of Birth |
08/15/1952 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
1,500,000,000 |
||||||||||||
|
Employees |
303 |
||||||||||||
|
Formation |
Co., Ltd by shares Venture Business |
||||||||||||
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Bank Details |
Industrial Bank of Kookmin Bank Shinhan Bank Gyeongnam Bank-Yaeum Branch |
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Corporate Registered No. |
181211-0031589 |
||||||||||||
|
Business Registered No. |
610-81-21529 |
||||||||||||
|
Permit & Licenses |
07/07/1998 ISO 9002 05/23/2003 UL Mark 07/10/2003 KS Mark 12/2007 ISO 9001 12/2007 ISO 14001 Int’l Trade No.: 12069686 |
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Shareholder Position |
|
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|
Company History |
09/20/1989 Established Samwon Wire Industry
Co. 03/14/1995 Incorporated as SAMWON CO., LTD. 12/30/2000 Acquired SAMWON METAL CO., LTD. 04/01/2004 Changed company name to the
present name 06/28/2007 Designated as a Venture Business 07/31/2008 Designated as a Venture Business
again |
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|
|
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Chairman & CEO |
Mr. |
Won Kwang-Jung |
Male |
Korean |
03/27/2001 |
|
Director |
Mr. |
Ha Jin-Ho |
Male |
Korean |
03/30/2010 |
|
Director |
Mr. |
Park Sang-Soo |
Male |
Korean |
03/27/2001 |
|
Auditor |
M/S. |
Park Eul-Ho |
Female |
Korean |
03/27/2001 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
362,380,561,423 |
107,984,498,468 |
1,243,844,916 |
|
|
2010 |
312,151,420,369 |
114,291,956,522 |
4,004,610,525 |
|
2009 |
196,505,723,770 |
97,568,975,470 |
-1,937,905,340 |
|
2008 |
220,084,162,573 |
87,585,751,387 |
-3,149,306,601 |
|
2007 |
192,311,121,609 |
72,295,924,977 |
6,328,240,148 |
|
2006 |
174,937,664,910 |
61,987,322,036 |
1,027,848,290 |
|
2005 |
107,011,518,181 |
36,421,141,236 |
2,634,864,621 |
|
2004 |
63,117,641,987 |
28,947,117,645 |
1,059,308,101 |
|
Authorized Capital(KRW) |
4,000,000,000 |
|
Paid-Up Capital(KRW) |
1,500,000,000 |
|
Total Issued Shares |
300,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
107,984,498,468 |
114,291,956,522 |
97,568,975,470 |
|
Current Assets |
53,843,182,432 |
59,453,939,181 |
43,198,855,726 |
|
-Quick Assets |
23,890,292,352 |
27,290,145,031 |
19,230,986,213 |
|
-Inventories |
29,952,890,080 |
32,163,794,150 |
23,967,869,513 |
|
Fixed Assets |
54,141,316,036 |
54,838,017,341 |
54,370,119,744 |
|
-Investment |
7,015,200,337 |
6,857,609,467 |
7,928,124,346 |
|
-Tangibles |
45,941,764,990 |
47,047,711,114 |
46,193,495,063 |
|
-Intangibles |
194,318,055 |
260,462,973 |
22,202,335 |
|
-Others |
990,032,654 |
672,233,787 |
226,298,000 |
|
Total Liabilities |
88,605,589,156 |
94,498,989,780 |
79,182,896,496 |
|
Current Liabilities |
75,285,839,156 |
84,919,962,001 |
75,174,646,496 |
|
Fixed Liabilities |
13,319,750,000 |
9,579,027,779 |
4,008,250,000 |
|
Capital Stock |
1,500,000,000 |
1,500,000,000 |
1,500,000,000 |
|
Capital Surplus |
952,630,742 |
952,630,742 |
952,630,742 |
|
Profit Surplus |
14,148,557,519 |
12,904,712,603 |
7,682,566,041 |
|
Capital Adjustment |
2,777,721,051 |
4,435,623,397 |
8,250,882,191 |
|
Total Equity |
19,378,909,312 |
19,792,966,742 |
18,386,078,974 |
|
Liab. & Shareholder’s Equity |
107,984,498,468 |
114,291,956,522 |
97,568,975,470 |
|
Current
Liabilities |
75,285,839,156 |
84,919,962,001 |
75,174,646,496 |
|
Trade Payables |
14,816,499,737 |
30,880,645,908 |
14,539,274,025 |
|
Account Payables |
1,500,175,048 |
1,800,193,904 |
1,979,288,928 |
|
Withholdings |
30,432,450 |
60,344,290 |
53,304,280 |
|
VAT Withhold |
2,300,209,246 |
1,177,819,932 |
271,896,016 |
|
Advance Receipts |
166,524 |
1,128,774 |
- |
|
Short-Term Borrowings |
51,212,655,371 |
48,194,891,398 |
58,088,234,136 |
|
Accrued Income Tax |
- |
749,856,728 |
115,064,502 |
|
Accrued Expenses |
138,419,668 |
125,858,846 |
100,834,609 |
|
Current Portion of Long-Term Debts |
5,287,281,112 |
1,929,222,221 |
26,750,000 |
|
Fixed
Liabilities |
13,319,750,000 |
9,579,027,779 |
4,008,250,000 |
|
Long-Term Borrowings |
13,319,750,000 |
9,579,027,779 |
4,008,250,000 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
362,380,561,423 |
312,151,420,369 |
196,505,723,770 |
|
Cost of Sold Goods |
347,088,808,442 |
293,940,619,185 |
183,276,705,431 |
|
Gross Profit |
15,291,752,981 |
18,210,801,184 |
13,229,018,339 |
|
Selling & Admin. Expenses |
8,375,312,889 |
8,082,271,981 |
8,188,959,904 |
|
Operating Income |
6,916,440,092 |
10,128,529,203 |
5,040,058,435 |
|
Non-Operating Income |
1,318,273,127 |
970,907,978 |
2,164,620,200 |
|
Non-Operating Expenses |
6,776,433,416 |
6,835,082,315 |
8,927,426,134 |
|
Income Before Taxes |
1,458,279,803 |
4,264,354,866 |
-1,722,747,499 |
|
Income Taxes Expenses |
214,434,887 |
259,744,341 |
215,157,841 |
|
Net Income |
1,243,844,916 |
4,004,610,525 |
-1,937,905,340 |
Cash
Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Cash Flows from Operating |
-6,048,757,010 |
13,203,286,638 |
-2,786,023,412 |
|
-Net Income |
1,243,844,916 |
4,004,610,525 |
-1,937,905,340 |
|
-Exp. without Cash Outflow |
6,984,004,751 |
7,720,909,347 |
9,201,432,263 |
|
-Revenue without Cash Inflows |
-96,151,259 |
-32,270,910 |
-738,626,530 |
|
-Changes in Asset/ & Liability |
-14,180,455,418 |
1,510,037,676 |
-9,310,923,805 |
|
Cash Flows from Investing |
-6,235,037,349 |
-8,651,513,400 |
-5,101,156,269 |
|
-Cash Inflow from Investing |
9,789,495,455 |
11,394,292,188 |
2,536,412,763 |
|
-Cash Outflows for Investing |
-16,024,532,804 |
-20,045,805,588 |
-7,637,569,032 |
|
Cash Flows from Financing |
9,896,345,085 |
-2,876,576,738 |
6,138,614,205 |
|
-Cash Inflows from Financing |
247,730,095,919 |
181,380,180,015 |
159,496,803,932 |
|
-Cash Outflows from Financing |
-237,833,750,834 |
-184,256,756,753 |
-153,358,189,727 |
|
Increase/Decrease in Cash |
-2,387,449,274 |
1,675,196,500 |
-1,748,565,476 |
|
Cash at the Beginning of Year |
2,395,743,099 |
720,546,599 |
2,469,112,075 |
|
Cash at the End of Year |
8,293,825 |
2,395,743,099 |
720,546,599 |
|
Main Products & Services |
Bus bar Copper Alloy CTC Magnet Wire Billet OFHC Stator Assy Mica Tape |
|
Suppliers |
TAIHAN ELECTRIC WIRE CO., LTD.(110111-0035835) |
|
Customers |
HYUNDAI HEAVY INDUSTRIES CO., LTD.(181211-0000386) SAMSUNG HEAVY INDUSTRIES CO., LTD.(110111-0168595) |
|
Competitors |
LS CABLE LTD. 12TH FL., LS TOWER, 1026-6, HOGYE 1-DONG,
DONGAN-GU, ANYANG-SI, TEL:+82-2-2189-9114 FAX:+82-2-2189-9259 5DA-201-3, SIHWA INDUSTRIAL COMPLEX, 664-2,
SEONGGOK-DONG, DANWON-GU, ANSAN-SI, TEL:+82-31-498-9353~5 FAX:+82-31-498-9352 HANA METAL CO., LTD. 11B-4L, NAMDONG INDUSTRIAL COMPLEX, 620-3,
NAMCHON-DONG, NAMDONG-GU, INCHEON, KORE TEL:+82-32-812-3061 FAX:+82-32-812-3060 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
LIF CO., LTD.( |
|
Subsidiary |
(100.0% held by the subject company) DONG VAN INDUSTRIAL ZONE, DUY TIEN DISTRICT,
HA TEL:+84-351-57-7001 FAX:+84-4-251-0420 |
|
Cooperative |
-Insured Company HYUNDAI MARINE & FIRE INSURANCECO., LTD.(110111-0035893) |
(Activity & Markets)
Not Available.
No.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.99 |
|
|
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
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.