|
Report Date : |
27.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
DMC TECH CORP. |
|
|
|
|
Registered Office : |
1704-5, Jeongwang 2-dong, Siheung-si, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2008 |
|
|
|
|
Date of Incorporation : |
01.09.2000 |
|
|
|
|
Com. Reg. No.: |
131-81- 58445 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Metal Cutting and Compressing Machines |
|
|
|
|
No. of Employees : |
16 |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name |
DMC TECH CORP. (Korean Company
Name : “(주)디엠씨테크”) |
|
Registered Address |
1704-5, Jeongwang 2-dong, Siheung-si, |
|
Building |
2Ma-301-5, Sihwa Industrial Complex |
|
Zip Code |
429-925 |
|
Tel |
+82-31-431-3550 |
|
Fax |
+82-31-431-6160 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
2Ma-301-5, Sihwa Industrial Complex,
1704-5, Jeongwang 2-dong, Siheung-si, |
|
Tel |
+82-31-431-3550 |
|
Fax |
+82-31-431-6160 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Metal Cutting and Compressing Machines |
|
Main Business |
Tube Mill Line |
|
Established (mm/dd/yyyy) |
09/01/2000 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Machine tools(23171600) |
|
Name |
Ahn Eung-Soon |
|
Address |
|
|
Date of Birth |
01/20/1962 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
200,000,000 |
|||||||||
|
Employees |
16 |
|||||||||
|
Formation |
Co., Ltd by Shares Venture Business |
|||||||||
|
Bank Details |
Shinhan Bank |
|||||||||
|
Corporate Registered No. |
120111-0231184 |
|||||||||
|
Business Registered No. |
131-81- 58445 |
|||||||||
|
Permit & Licenses |
Int’l Trade No.: 14073157 |
|||||||||
|
Shareholder Position |
|
|||||||||
|
Company History |
09/01/2000 Incorporate as the present name 08/01/2004 Moved to the present HQ address
from Rm.713, 3Ba, 1704-5, Jeongwang 2-dong, Siheung-si, 12/28/2006 Increased capital to 200,000,000 KRW from 100,000,000 KRW 10/29/2009 Designated as a Venture Business |
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Ahn Eung-Soon |
Male |
Korean |
10/15/2010 |
|
Director |
Mr. |
Ahn Hee-Soon |
Male |
Korean |
10/15/2010 |
|
Auditor |
M/S. |
Lee Yoon-Hee |
Female |
Korean |
03/31/2006 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
14,259,479,201 |
7,500,953,525 |
403,280,872 |
|
|
2009 |
7,026,828,926 |
10,626,536,619 |
-1,419,886,489 |
|
2008 |
10,036,289,913 |
7,073,007,263 |
133,981,650 |
|
2007 |
11,209,594,073 |
8,160,253,242 |
239,013,806 |
Financial
Description
|
Authorized Capital(KRW) |
400,000,000 |
|
Paid-Up Capital(KRW) |
200,000,000 |
|
Total Issued Shares |
400,000 |
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Total Assets |
|
7,500,953,525 |
10,626,536,619 |
|
Current Assets |
|
3,957,100,726 |
6,975,465,966 |
|
-Quick Assets |
|
3,738,551,717 |
3,170,197,422 |
|
-Inventories |
|
218,549,009 |
3,805,268,544 |
|
Fixed Assets |
|
3,543,852,799 |
3,651,070,653 |
|
-Investment |
|
1,500,000 |
1,500,000 |
|
-Tangibles |
|
3,505,185,696 |
3,612,773,583 |
|
-Intangibles |
|
25,870,103 |
25,500,070 |
|
-Others |
|
11,297,000 |
11,297,000 |
|
Total Liabilities |
|
7,070,615,570 |
10,599,479,536 |
|
Current Liabilities |
|
6,755,812,790 |
10,167,579,536 |
|
Fixed Liabilities |
|
314,802,780 |
431,900,000 |
|
Capital Stock |
|
200,000,000 |
200,000,000 |
|
Capital Surplus |
|
|
|
|
Profit Surplus |
|
230,657,955 |
-172,622,917 |
|
Capital Adjustment |
|
-320,000 |
-320,000 |
|
Total Equity |
|
430,337,955 |
27,057,083 |
|
Liab. & Shareholder’s Equity |
|
7,500,953,525 |
10,626,536,619 |
|
Current
Liabilities |
|
6,755,812,790 |
10,167,579,536 |
|
Trade Payables |
|
2,735,991,898 |
2,973,584,765 |
|
Short-Term Borrowings |
|
2,938,549,533 |
3,917,954,228 |
|
Short-Term Borrowings to Shareholders/
Executives/ Employees |
|
561,316,234 |
32,282,834 |
|
Account Payables |
|
150,575,971 |
163,111,856 |
|
Advance Receipts |
|
118,079,470 |
3,074,156,809 |
|
Withholdings |
|
81,090 |
47,100 |
|
VAT Withhold |
|
172,830,915 |
2,969,738 |
|
Accrued Expenses |
|
12,109,057 |
3,472,206 |
|
Accrued Income Tax |
|
66,278,622 |
- |
|
Fixed
Liabilities |
|
314,802,780 |
431,900,000 |
|
Long-Term Borrowings |
|
300,000,000 |
300,000,000 |
|
Provision for Severance & Retirement |
|
14,802,780 |
- |
|
Leasehold Deposit Received |
|
- |
131,900,000 |
Income Statement
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
|
14,259,479,201 |
7,026,828,926 |
|
Cost of Sold Goods |
|
11,959,204,396 |
5,940,863,753 |
|
Gross Profit |
|
2,300,274,805 |
1,085,965,173 |
|
Selling & Admin. Expenses |
|
1,445,331,008 |
2,347,004,885 |
|
Operating Income |
|
854,943,797 |
-1,261,039,712 |
|
Non-Operating Income |
|
617,304,677 |
182,747,443 |
|
Non-Operating Expenses |
|
988,699,450 |
341,594,220 |
|
Income Before Taxes |
|
483,549,024 |
-1,419,886,489 |
|
Income Taxes Expenses |
|
80,268,152 |
- |
|
Net Income |
|
403,280,872 |
-1,419,886,489 |
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
|
-419,708,026 |
-360,423,411 |
|
-Net Income |
|
403,280,872 |
-1,419,886,489 |
|
-Exp. without Cash Outflow |
|
527,352,827 |
1,583,660,856 |
|
-Revenue without Cash Inflows |
|
-336,493,440 |
- |
|
-Changes in Asset/ & Liability |
|
-1,013,848,285 |
-524,197,778 |
|
Cash Flows from Investing |
|
-8,898,098 |
-258,954,246 |
|
-Cash Inflow from Investing |
|
1,609,164,842 |
1,993,300,000 |
|
-Cash Outflows for Investing |
|
-1,618,062,940 |
-2,252,254,246 |
|
Cash Flows from Financing |
|
371,366,950 |
553,772,709 |
|
-Cash Inflows from Financing |
|
10,341,000,000 |
3,164,500,582 |
|
-Cash Outflows from Financing |
|
-9,969,633,050 |
-2,610,727,873 |
|
Increase/Decrease in Cash |
|
57,239,174 |
65,604,948 |
|
Cash at the Beginning of Year |
|
233,408,219 |
299,013,167 |
|
Cash at the End of Year |
|
176,169,045 |
233,408,219 |
|
Main Products & Services |
Tube Mill Line |
|
Customers |
ACE STEEL CO., LTD.(110111-2038043) |
|
Competitors |
DONGHAE MACHINERY MANUFACTURING CO., LTD. 11B-7L, MADO INDUSTRIAL COMPLEX, 676-4,
SSANGSONG-RI, MADO-MYEON, HWASEONG-SI, TEL:+82-31-355-8540~3 FAX:+82-31-355-8547 MYUNG JIN MACHINERY CO., LTD. 3DA-623, SIHWA INDUSTRIAL COMPLEX, 1283-10,
JEONGWANG 1-DONG, SIHEUNG-SI, TEL:+82-31-498-4530 FAX:+82-31-499-4538 WONSHIN MACHINERY CO., LTD. 4DA-109-1, SIHWA INDUSTRIAL COMPLEX,
660-18, SEONGGOK-DONG, DANWON-GU, ANSAN-SI, TEL:+82-31-431-6161 FAX:+82-31-431-6177 |
|
Cooperative |
-Insured Company LIG INSURANCE CO., LTD.(110111-0017859) |
Not Available.
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.30 |
|
|
1 |
Rs.81.36 |
|
Euro |
1 |
Rs.67.97 |
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.