|
Report Date : |
25.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
KIDO SPORTS CO., LTD. |
|
|
|
|
Registered Office : |
657-3, Deungchon-dong, Gangseo-gu, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
29.12.2006 |
|
|
|
|
Com. Reg. No.: |
109-86-05868 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Manufacturer of Other Sewn Wearing Apparel |
|
|
|
|
No. of Employees : |
34 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 |
KIDO
SPORTS CO., LTD. (Korean
Company Name : “(주)기도스포츠”) |
|
Registered Address |
657-3, Deungchon-dong, Gangseo-gu, |
|
Zip Code |
157-030 |
|
Tel |
+82-2-3660-3300 |
|
Fax |
+82-2-3662-2935 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
657-3, Deungchon-dong,
Gangseo-gu, |
|
Tel |
+82-2-3660-3300 |
|
Fax |
+82-2-3662-2935 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Other Sewn Wearing Apparel n.e.c. |
|
Main Business |
Sports Helmet |
|
Established (mm/dd/yyyy) |
12/29/2006 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Sports Helmet |
|
Sell |
Outdoor Garment |
|
Sell |
Motorcycle Leather |
|
Name |
Park Jang-Hee |
|
Address |
|
|
Date of Birth |
10/24/1946 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
500,000,000 |
|||||||||
|
Employees |
34 |
|||||||||
|
Formation |
Co., Ltd by shares |
|||||||||
|
Bank Details |
Korea Exchange Bank-Hwagok Station Branch |
|||||||||
|
Corporate Registered No. |
110111-3589649 |
|||||||||
|
Business Registered No. |
109-86-05868 |
|||||||||
|
Permit & Licenses |
Int’l Trade No.: 45296611 |
|||||||||
|
Shareholder Position |
|
|||||||||
|
Company History |
12/29/2006 Incorporated as the present name |
|||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Park Jang-Hee |
Male |
Korean |
12/29/2006 |
|
Director |
M/S. |
Park Ji-Young |
Female |
Korean |
03/30/2012 |
|
Director |
Mr. |
Yoon Sam-Joong |
Male |
Korean |
06/10/2010 |
|
Auditor |
Mr. |
Lee Jae-Keun |
Male |
Korean |
12/29/2006 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
34,516,917,985 |
36,885,563,621 |
1,699,501,625 |
|
|
2010 |
30,282,851,671 |
32,109,331,917 |
1,172,443,186 |
|
2009 |
32,777,835,868 |
29,636,421,697 |
2,324,652,468 |
|
Authorized Capital(KRW) |
2,000,000,000 |
|
Paid-Up Capital(KRW) |
500,000,000 |
|
Total Issued Shares |
50,000 |
Balance Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
36,885,563,621 |
32,109,331,917 |
29,636,421,697 |
|
Current Assets |
14,196,013,172 |
10,070,362,524 |
9,098,435,799 |
|
-Quick Assets |
6,359,239,655 |
4,919,368,688 |
3,595,357,654 |
|
-Inventories |
7,836,773,517 |
5,150,993,836 |
5,503,078,145 |
|
Fixed Assets |
22,689,550,449 |
22,038,969,393 |
20,537,985,898 |
|
-Investment |
21,171,489,881 |
20,660,893,686 |
19,244,380,899 |
|
-Tangibles |
993,204,671 |
1,121,121,265 |
992,107,657 |
|
-Intangibles |
72,228,425 |
107,954,442 |
152,497,342 |
|
-Others |
452,627,472 |
149,000,000 |
149,000,000 |
|
Total Liabilities |
28,267,379,826 |
26,334,904,410 |
25,189,428,182 |
|
Current Liabilities |
27,999,646,340 |
26,263,306,515 |
25,119,899,989 |
|
Fixed Liabilities |
267,733,486 |
71,597,895 |
69,528,193 |
|
Capital Stock |
500,000,000 |
500,000,000 |
500,000,000 |
|
Capital Surplus |
1,800,955,654 |
1,800,955,654 |
1,800,955,654 |
|
Profit Surplus |
900,338,956 |
-799,162,669 |
-1,971,605,855 |
|
Capital Adjustment |
5,416,889,185 |
4,272,634,522 |
4,117,643,716 |
|
Total Equity |
8,618,183,795 |
5,774,427,507 |
4,446,993,515 |
|
Liab. & Shareholder’s Equity |
36,885,563,621 |
32,109,331,917 |
29,636,421,697 |
|
Current Liabilities |
27,999,646,340 |
26,263,306,515 |
25,119,899,989 |
|
Trade Payables |
1,801,735,186 |
1,731,439,053 |
1,587,786,192 |
|
Short-Term Borrowings |
21,189,811,560 |
19,241,715,500 |
21,209,454,000 |
|
Account Payables |
4,599,076,194 |
4,290,268,070 |
2,207,076,063 |
|
Accrued Expenses |
35,497,755 |
774,862,901 |
66,147,360 |
|
Advance Receipts |
85,703,474 |
741,233 |
29,616,184 |
|
Withholdings |
20,424,815 |
10,941,880 |
19,820,190 |
|
Accrued Income Tax |
25,778,930 |
- |
- |
|
Provision for Repairing |
241,618,426 |
213,337,878 |
- |
|
Fixed Liabilities |
267,733,486 |
71,597,895 |
69,528,193 |
|
Provision for Severance & Retirement |
187,733,486 |
347,569,068 |
304,455,978 |
|
Leasehold Deposit Received |
210,000,000 |
- |
- |
Income Statement
|
|||
|
Unit : Korean
Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
34,516,917,985 |
30,282,851,671 |
32,777,835,868 |
|
Cost of Sold Goods |
28,512,474,963 |
23,339,612,051 |
26,592,735,621 |
|
Gross Profit |
6,004,443,022 |
6,943,239,620 |
6,185,100,247 |
|
Selling & Admin. Expenses |
2,988,634,165 |
4,661,401,716 |
3,033,161,779 |
|
Operating Income |
3,015,808,857 |
2,281,837,904 |
3,151,938,468 |
|
Non-Operating Income |
1,170,986,305 |
1,696,591,970 |
2,566,653,113 |
|
Non-Operating Expenses |
2,461,514,607 |
2,805,986,688 |
3,946,755,746 |
|
Income Before Taxes |
1,725,280,555 |
1,172,443,186 |
1,771,835,835 |
|
Income Taxes Expenses |
25,778,930 |
- |
-552,816,633 |
|
Net Income |
1,699,501,625 |
1,172,443,186 |
2,324,652,468 |
Cash Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Cash Flows from Operating |
-3,260,766,636 |
4,017,843,519 |
5,156,533,748 |
|
-Net Income |
1,699,501,625 |
1,172,443,186 |
2,324,652,468 |
|
-Exp. without Cash Outflow |
1,095,246,893 |
1,130,878,945 |
1,097,340,149 |
|
-Revenue without Cash Inflows |
-514,931,532 |
-767,922,071 |
-1,693,110,307 |
|
-Changes in Asset/ & Liability |
-5,540,583,622 |
2,482,443,459 |
3,427,651,438 |
|
Cash Flows from Investing |
1,120,802,319 |
-2,130,848,518 |
-3,376,365,623 |
|
-Cash Inflow from Investing |
2,783,434,870 |
34,159,810 |
1,273,489,720 |
|
-Cash Outflows for Investing |
-1,662,632,551 |
-2,165,008,328 |
-4,649,855,343 |
|
Cash Flows from Financing |
1,622,857,820 |
-1,509,859,500 |
-3,976,181,300 |
|
-Cash Inflows from Financing |
3,138,967,820 |
5,744,564,500 |
25,897,152,054 |
|
-Cash Outflows from Financing |
-1,516,110,000 |
-7,254,424,000 |
-29,873,333,354 |
|
Increase/Decrease in Cash |
-517,106,497 |
377,135,501 |
-2,196,013,175 |
|
Cash at the Beginning of Year |
1,006,933,604 |
629,798,103 |
2,825,811,278 |
|
Cash at the End of Year |
489,827,107 |
1,006,933,604 |
629,798,103 |
|
Main Products & Services |
Motorcycle Helmet |
|
Competitors |
KOTECH FUTURE CORPORATION RM.308, TEL:+82-2-2103-5127 FAX:+82-2-2103-5139 KOTECH FUTURE CORPORATION 222-7, GURO-DONG, GURO-GU, TEL:+82-2-2103-5127 FAX:+82-2-2103-5139 SWELOCK ASIA CO., LTD. 276-11, MORA 1-DONG, SASANG-GU, TEL:+82-51-303-3180~2 FAX:+82-51-303-3016 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
KIDO INDUSTRIAL CO., LTD.(110111-0278980) QINDAO KIDO-CHINA CLOTHING YISHUI PEEJIN LEATHER CO., LTD. QINGDAO GEOSONG SPORT PRODUCT CO., LTD.( DELTA SHOES CO., LTD. KIDO HANOI CO., LTD. PREX CO., LTD.(110111-1616155) SCORPION SPORT INC. - Tel:+1-949-768-5517 Fax:+1-949-768-5495 |
|
Overseas Office |
KIDO SPORTS HELMET-China |
|
Subsidiary |
QINGDAO GEOSONG SPORT PRODUCT CO., LTD.( |
|
Cooperative |
-Insured Company DONGBU INSURANCE CO., LTD.(110111-0095285) |
(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.