|
Report Date : |
14.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
BAIKSAN OPC CO.,
LTD. |
|
|
|
|
Registered Office : |
282, Yongmong-ri, Deoksan-myeon,
Jincheon-gun, Chungcheongbuk-do, Korea 365-843 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
15.02.1994 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Other Peripheral Apparatuses |
|
|
|
|
No. of Employees : |
318 |
RATING & COMMENTS
|
MIRAs 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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name |
BAIKSAN OPC CO., LTD. (Korean Company Name : (주)백산오피씨) |
|
Registered Address |
282, Yongmong-ri, Deoksan-myeon,
Jincheon-gun, Chungcheongbuk-do, Korea |
|
Zip Code |
365-843 |
|
Tel |
+82-43-536-7561~4 |
|
Fax |
+82-43-536-7557 |
|
E-mail |
hanp98@kornet.net |
|
Website |
www.baiksanopc.com |
|
Trading Address |
282, Yongmong-ri, Deoksan-myeon,
Jincheon-gun, Chungcheongbuk-do, Korea |
|
Tel |
+82-43-536-7561~4 |
|
Fax |
+82-43-536-7557 |
|
Other Address-Factory |
321, Hapmok-ri, Deoksan-myeon, Jincheon-gun, Chungcheongbuk-do, Korea |
|
Tel |
+82-43-530-7687 |
|
Fax |
+82-43-537-2231 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Other Peripheral Apparatuses |
|
Main Business |
Laser Beam Printer OPC Drum, Laser Beam Printer Gear |
|
Established (mm/dd/yyyy) |
02/15/1994 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Printer or facsimile or photocopier
drums(44103109) |
|
Sell |
Packaging tubes and cores and labels and
accessories(24141700) |
|
Buy |
Printer and facsimile and photocopier
supplies(44103100) |
|
Buy |
Photographic processing chemicals(45141500) |
|
Buy |
Packaging boxes(24121503) |
|
Buy |
General purpose cleaners(47131805) |
|
Buy |
Aluminum plate(30102206) |
|
Buy |
Packaging films(24141514) |
|
Buy |
Gears(31171700) |
|
Name |
Kim Sang-Hwa |
|
Date of Birth |
04/08/1940 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
7,650,000,000 |
|||||||||||||||||||||||||||||||||
|
Employees |
318 |
|||||||||||||||||||||||||||||||||
|
Formation |
Listed Company (KOSDAQ : 066110 ) as of 07/12/2002 |
|||||||||||||||||||||||||||||||||
|
Bank Details |
Shinhan Bank-Seogyo Dong Corporate Finance
Branch |
|||||||||||||||||||||||||||||||||
|
Corporate Registered No. |
110111-1011561 |
|||||||||||||||||||||||||||||||||
|
Business Registered No. |
301-81-20927 |
|||||||||||||||||||||||||||||||||
|
Permit & Licenses |
11/2001 ISO 9001 07/2002 ISO 14001 Intl Trade No.: 11203223 |
|||||||||||||||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||||||||||||||
|
Company History |
02/15/1994 Incorporated as Han Precision
Industry Co., Ltd. 07/1996 Changed company name to Baiksan Han
Precision Co., Ltd. 05/2000 Designated as a Venture Business 02/2002 Changed company name to the present
name 09/04/2008 Designated as a Venture Business
again 11/2010 Awarded US$ 50 Million Export Top
Prize |
|||||||||||||||||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Kim Sang-Hwa |
Korean |
1940. 04.08 |
- |
|
President |
Mr. |
Kim Han-Sung |
Korean |
1969. 03.09 |
Soongshil University, Korea |
|
Sr. Executive Director |
Mr. |
Lee Woo-Young |
Korean |
1955. 04.16 |
Hanyang University, Korea |
|
Executive Director |
Mr. |
Ahn Sung-Boong |
Korean |
1953. 03.25 |
Seoul National University, Korea |
|
Executive Director |
Mr. |
Hwang Young-Ho |
Korean |
1958. 08.18 |
Yonsei University, Korea |
|
Executive Director |
Mr. |
Lee Bum-Jin |
Korean |
1962. 09.02 |
Inha University, Korea |
|
Auditor |
Mr. |
Kim Young-Bok |
Korean |
1944. 07.10 |
Korea University, Korea |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
53,129,426,064 |
78,340,934,858 |
-4,138,042,597 |
|
|
(*)2010 |
63,002,198,166 |
71,801,818,876 |
5,048,150,808 |
|
2009 |
68,572,960,247 |
66,219,417,150 |
7,169,897,798 |
|
2008 |
51,649,478,123 |
72,844,293,273 |
-14,088,024,813 |
(*)2010 & 2011s
figures are based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
15,000,000,000 |
|
Paid-Up Capital(KRW) |
7,650,000,000 |
|
Total Issues Shares |
15,300,000 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total
Assets |
78,340,934,858 |
77,637,909,180 |
|
|
Current
Assets |
31,863,946,735 |
38,459,817,019 |
|
|
Cash
& Cash Equivalents |
333,463,049 |
1,005,892,656 |
|
|
Trade
Receivables & Other Receivables |
19,512,805,431 |
24,452,304,798 |
|
|
Marketable
Financial Instruments |
- |
300,000,000 |
|
|
Held-to-Maturity
Financial Assets |
250,000 |
17,075,000 |
|
|
Inventories |
11,709,860,633 |
12,268,934,498 |
|
|
Deferred
Income Tax Assets |
389,670 |
55,570 |
|
|
Other
Financial Instruments |
15,000,000 |
- |
|
|
Other
Current Non-Financial Instruments |
292,177,952 |
415,554,497 |
|
|
Non-Current
Assets |
46,476,988,123 |
39,178,092,161 |
|
|
Long-Term
Trade Receivables & Other Receivables |
33,273,578 |
19,377,250 |
|
|
Held-to-Maturity
Financial Assets |
200,000,000 |
200,250,000 |
|
|
Deferred
Income Tax Assets |
2,465,719,186 |
2,011,114,385 |
|
|
Investment_Subsidiaries |
- |
250,800,000 |
|
|
Tangibles |
41,767,474,916 |
34,894,733,605 |
|
|
Intangibles |
1,773,076,683 |
1,701,065,161 |
|
|
Other Finance Assets |
237,443,760 |
100,751,760 |
|
|
Total Liabilities |
37,241,055,619 |
30,604,587,114 |
|
|
Current Liabilities |
35,359,984,673 |
29,317,911,916 |
|
|
Other Finance Liabilities |
- |
335,816,268 |
|
|
Trade
Payables & Other Payables |
4,448,967,121 |
6,605,370,457 |
|
|
Borrowings |
30,802,127,655 |
22,119,665,571 |
|
|
Other Finance Liabilities |
93,858,649 |
209,444,554 |
|
|
Other
Current Liabilities |
15,031,248 |
47,615,066 |
|
|
Non-Current Liabilities |
1,881,070,946 |
1,286,675,198 |
|
|
Provision
for Severance & Retirement |
1,746,673,850 |
1,200,875,198 |
|
|
Other
Non-Current Financial Debts |
134,397,096 |
85,800,000 |
|
|
Capital Stock |
7,650,000,000 |
7,650,000,000 |
|
|
Others |
11,273,832,186 |
11,273,832,186 |
|
|
Profit
Surplus |
22,176,047,053 |
28,109,489,880 |
|
|
Total
Equity |
41,099,879,239 |
47,033,322,066 |
|
|
Liab.
& Shareholders Equity |
78,340,934,858 |
77,637,909,180 |
|
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
71,801,818,876 |
66,219,417,150 |
72,844,293,273 |
|
Current Assets |
34,694,423,873 |
32,889,497,151 |
36,050,087,694 |
|
-Quick Assets |
22,424,434,239 |
23,479,734,406 |
24,072,246,313 |
|
-Inventories |
12,269,989,634 |
9,409,762,745 |
11,977,841,381 |
|
Fixed Assets |
37,107,395,003 |
33,329,919,999 |
36,794,205,579 |
|
-Investment |
357,048,088 |
560,462,525 |
81,177,382 |
|
-Tangibles |
34,894,733,605 |
30,680,131,585 |
34,698,205,126 |
|
-Intangibles |
1,642,765,161 |
1,876,348,759 |
785,046,998 |
|
-Others |
212,848,149 |
212,977,130 |
1,229,776,073 |
|
Total Liabilities |
24,041,558,966 |
22,279,116,826 |
35,631,244,747 |
|
Current Liabilities |
22,875,610,812 |
20,444,924,292 |
27,974,616,117 |
|
Fixed Liabilities |
1,165,948,154 |
1,834,192,534 |
7,656,628,630 |
|
Capital Stock |
7,650,000,000 |
7,650,000,000 |
7,650,000,000 |
|
Capital Surplus |
15,166,074,986 |
15,166,074,986 |
15,166,074,986 |
|
Profit Surplus |
28,836,427,724 |
25,016,468,138 |
18,289,216,340 |
|
Capital Adjustment |
-3,892,242,800 |
-3,892,242,800 |
-3,892,242,800 |
|
Total Equity |
47,760,259,910 |
43,940,300,324 |
37,213,048,526 |
|
Liab. &
Shareholders Equity |
71,801,818,876 |
66,219,417,150 |
72,844,293,273 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
53,129,426,064 |
63,002,198,166 |
|
|
Cost
of Sold Goods |
47,455,502,375 |
49,375,104,577 |
|
|
Gross
Profit |
5,673,923,689 |
13,627,093,589 |
|
|
Selling Expenses |
3,859,644,435 |
3,856,637,578 |
|
|
Admin.
Expenses |
3,480,728,669 |
2,989,131,892 |
|
|
Other Profits |
-568,226,494 |
-504,881,278 |
|
|
Other
Operating Income |
35,605,823 |
23,217,979 |
|
|
Other
Operating Expenses |
465,760,825 |
316,002,821 |
|
|
Operating
Income |
-2,664,830,911 |
5,983,657,999 |
|
|
Finance
Income |
158,155,390 |
15,204,545 |
|
|
Finance
Expenses |
2,080,839,157 |
809,296,546 |
|
|
Income
Before Taxes |
-4,587,514,678 |
5,189,565,998 |
|
|
Income
Taxes Expenses |
-449,472,081 |
141,415,190 |
|
|
Net
Income |
-4,138,042,597 |
5,048,150,808 |
|
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
63,002,198,166 |
68,572,960,247 |
51,649,478,123 |
|
Cost of Sold Goods |
49,318,228,134 |
51,372,998,420 |
40,741,574,387 |
|
Gross Profit |
13,683,970,032 |
17,199,961,827 |
10,907,903,736 |
|
Selling & Admin. Expenses |
6,922,662,508 |
6,088,193,399 |
8,775,880,558 |
|
Operating Income |
6,761,307,524 |
11,111,768,428 |
2,132,023,178 |
|
Non-Operating Income |
4,274,245,025 |
6,263,861,595 |
8,715,813,701 |
|
Non-Operating Expenses |
5,482,478,085 |
8,623,947,056 |
27,348,490,889 |
|
Income Before Taxes |
5,553,074,464 |
8,751,682,967 |
-16,500,654,010 |
|
Income Taxes Expenses |
273,114,878 |
1,581,785,169 |
-2,412,629,197 |
|
Net Income |
5,279,959,586 |
7,169,897,798 |
-14,088,024,813 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating
Activities Cash Flows |
6,548,431,993 |
-2,198,517,704 |
|
|
Net
Income |
-4,138,042,597 |
5,048,150,808 |
|
|
Adjustment |
497,946,665 |
701,844,487 |
|
|
Changes
in Asset/ & Liability |
1,166,775,025 |
-15,793,352,319 |
|
|
Cash Flows from Investing |
-13,358,854,079 |
-10,353,747,896 |
|
|
Cash
Inflow from Investing |
146,416,628 |
131,585,014 |
|
|
Cash
Outflows for Investing |
-13,505,270,707 |
-10,485,332,910 |
|
|
Cash Flows from Financing |
6,136,950,894 |
11,646,741,553 |
|
|
Cash
Inflows from Financing |
59,493,640,456 |
26,748,717,235 |
|
|
Cash
Outflows from Financing |
-53,356,689,562 |
-15,101,975,682 |
|
|
Increase/Decrease in Cash |
-673,471,192 |
-905,524,047 |
|
|
Cash at the Beginning of Year |
1,005,892,656 |
1,931,949,302 |
|
|
Cash at the End of Year |
333,463,049 |
1,005,892,656 |
|
|
Unit :
Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows
from Operating |
8,127,463,454 |
20,644,347,808 |
10,352,320,292 |
|
-Net Income |
5,279,959,586 |
7,169,897,798 |
-14,088,024,813 |
|
-Exp. without
Cash Outflow |
9,269,353,845 |
9,655,170,908 |
36,168,866,775 |
|
-Revenue
without Cash Inflows |
-2,053,439,625 |
-2,104,921,329 |
-2,957,535,406 |
|
-Changes in
Asset/ & Liability |
-4,368,410,352 |
5,924,200,431 |
-8,770,986,264 |
|
Cash Flows
from Investing |
-14,585,317,019 |
-12,089,572,616 |
-14,167,350,263 |
|
-Cash Inflow
from Investing |
163,481,182 |
1,355,001,836 |
270,469,349 |
|
-Cash
Outflows for Investing |
-14,748,798,201 |
-13,444,574,452 |
-14,437,819,612 |
|
Cash Flows
from Financing |
5,531,796,919 |
-7,308,850,400 |
3,468,958,000 |
|
-Cash Inflows
from Financing |
20,633,772,601 |
11,700,196,214 |
21,372,558,000 |
|
-Cash
Outflows from Financing |
-15,101,975,682 |
-19,009,046,614 |
-17,903,600,000 |
|
Increase/Decrease
in Cash |
-926,056,646 |
1,245,924,792 |
-346,071,971 |
|
Cash at the
Beginning of Year |
1,931,949,302 |
686,024,510 |
1,032,096,481 |
|
Cash at the
End of Year |
1,005,892,656 |
1,931,949,302 |
686,024,510 |
|
Competitors |
SAMSUNG SDS CO., LTD. ILOK BLDG., 707-19, YEOKSAM 2-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2-3429-2114 FAX:+82-2-3429-2100 KOREA ELECTRIC POWER DATA NETWORK CO., LTD. 1355, SEOCHO 2-DONG, SEOCHO-GU, SEOUL,
KOREA TEL:+82-2-6262-6114 FAX:+82-2-6262-6179 DREAMINTEK CO., LTD. USEONG BLDG., 333, CHANGJEON-DONG, MAPO-GU,
SEOUL, KOREA TEL:+82-2-3141-7575 FAX:+82-2-3141-8205 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
BAIKSAN CO.,LTD.(114711-0003729) BAIKSAN LINTEX CO., LTD.(135011-0055456) BAIKSAN OPC INC(USA) BAIKSAN OPC GMBH(GERMANY) BAIKSAN OPC EUROPE, LTD.(UK) |
|
Subsidiary |
BAIKSAN ITC |
(Activity &
Markets)
|
Sales/ Unit :Thousand KRW |
09/2011 |
2010 |
2009 |
|
Export |
38,500,876 |
46,728,993 |
59,422,624 |
|
Domestic |
2,340,601 |
2,644,734 |
3,505,017 |
|
Others |
26,074 |
30,536 |
74,557 |
|
Total |
40,867,551 |
49,404,263 |
63,002,198 |
The Subject deals
with the companies in Germany, UK and America.
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.84 |
|
|
1 |
Rs.77.97 |
|
Euro |
1 |
Rs.65.61 |
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 SCs 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.