|
Report Date : |
11.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
UNGJIN CORPORATION |
|
|
|
|
Registered Office : |
53-3, Banpo 4-dong, Seocho-gu, Seoul, Korea, Rm. 601, Dongho Bldg., Zip Code 137-803 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
02.06.1998 |
|
|
|
|
Com. Reg. No.: |
214-86-24056 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Wholesale of Dyes, Pigments and Related Products |
|
|
|
|
No. of Employees : |
08 |
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 |
UNGJIN CORPORATION (Korean Company Name
: “(주)웅진코퍼레이션”) |
|
Registered Address |
53-3, Banpo 4-dong, Seocho-gu, |
|
Building |
Rm. 601, Dongho Bldg. |
|
Zip Code |
137-803 |
|
Tel |
+82-2-3472-9000 |
|
Fax |
+82-2-3472-1524 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
Rm. 601, Dongho Bldg., 53-3, Banpo 4-dong,
Seocho-gu, |
|
Tel |
+82-2-3472-9000 |
|
Fax |
+82-2-3472-1524 |
|
Type |
Export/Import |
|
Industry |
Wholesale of Dyes, Pigments and Related Products |
|
Main Business |
Dyestuff, Thickening Agent, Textiles |
|
Established (mm/dd/yyyy) |
06/02/1998 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Dyes(12171500) |
|
Sell |
International trade services(80151600) |
|
Name |
Kim Dong-Wook |
|
Address |
|
|
Date of Birth |
11/28/1950 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
500,000,000 |
|
Employees |
8 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
|
|
Corporate Registered No. |
110111-1551880 |
|
Business Registered No. |
214-86-24056 |
|
Permit & Licenses |
Int’l Trade No.: 11532107 |
|
Shareholder Position |
N/A |
|
Company History |
12/1981 Established as UngJin Corporation 12/1983 Joined the Association of Foreign
Trading Agents of 03/1985 Joined 02/1990 Joint venture factory of Sodium
Alginate has been established. 08/1994 Pharmaceutical department has been
organized for the trading of raw materials for pharmacy. 06/02/1998 Incorporated as the present name 05/20/1999 Increased the authorized shares
to 100,000 shares from 40,000 shares 05/21/1999 Increased capital to 200,000,000
KRW from 50,000,000 KRW 05/01/2000 Moved to the present HQ address
from 1543-6, Seocho-dong, Seocho-gu, 10/17/2001 Increased the authorized shares to 500,000 shares from
100,000 shares 10/18/2001 Increased capital to 500,000,000 KRW from 200,000,000 KRW 12/2001 UngJin Corporation's factory of
printing thickener in China-Shanghai UngJin Chemical Co.,Ltd. has been
established. |
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kim Dong-Wook |
Male |
Korean |
06/02/1998 |
|
Director |
M/S. |
Kim Hyun-Sook |
Female |
Korean |
06/02/1998 |
|
Director |
Mr. |
Choi Sung-Rin |
Male |
Korean |
03/31/2010 |
|
Auditor |
Mr. |
Cho Myung-Hwan |
Male |
Korean |
03/31/2007 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2010 |
2,548,751,000 |
2,874,685,000 |
141,578,000 |
|
2009 |
2,900,455,000 |
2,556,510,000 |
41,072,000 |
|
2008 |
20,050,000,000 |
7,774,000,000 |
559,000,000 |
|
2007 |
1,935,000,000 |
|
|
|
2006 |
1,567,000,000 |
|
|
|
2005 |
1,800,000,000 |
|
|
|
2004 |
2,900,000,000 |
|
|
The latest
financials are not available, and the Subject Company does not have any obligations
to release its financials to the public.
|
Authorized Capital(KRW) |
2,500,000,000 |
|
Paid-Up Capital(KRW) |
500,000,000 |
|
Total Issued Shares |
100,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
2,874,685,000 |
2,556,510,000 |
7,774,000,000 |
|
Current Assets |
2,311,275,000 |
2,002,345,000 |
7,110,000,000 |
|
-Quick Assets |
- |
- |
3,419,000,000 |
|
-Inventories |
- |
- |
3,692,000,000 |
|
Fixed Assets |
563,410,000 |
554,165,000 |
663,000,000 |
|
-Investment |
- |
- |
408,000,000 |
|
-Tangibles |
- |
- |
61,000,000 |
|
-Intangibles |
- |
- |
194,000,000 |
|
Total Liabilities |
- |
- |
4,983,000,000 |
|
Current Liabilities |
1,790,293,000 |
1,613,697,000 |
4,983,000,000 |
|
Fixed Liabilities |
- |
- |
- |
|
Capital Stock |
500,000,000 |
500,000,000 |
500,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
584,392,000 |
442,813,000 |
2,291,000,000 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
1,084,392,000 |
942,813,000 |
2,791,000,000 |
|
Liab. & Shareholder’s Equity |
2,874,685,000 |
2,556,510,000 |
7,774,000,000 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
2,548,751,000 |
2,900,455,000 |
20,050,000,000 |
|
Cost of Sold Goods |
1,595,005,000 |
2,191,134,000 |
16,933,000,000 |
|
Gross Profit |
953,746,000 |
709,321,000 |
3,117,000,000 |
|
Selling & Admin. Expenses |
808,680,000 |
662,499,000 |
2,114,000,000 |
|
Operating Income |
145,066,000 |
46,822,000 |
1,003,000,000 |
|
Non-Operating Income |
- |
- |
194,000,000 |
|
Non-Operating Expenses |
114,249,000 |
205,672,000 |
469,000,000 |
|
Income Before Taxes |
161,497,000 |
49,770,000 |
729,000,000 |
|
Income Taxes Expenses |
19,919,000 |
8,698,000 |
170,000,000 |
|
Net Income |
141,578,000 |
41,072,000 |
559,000,000 |
|
Main Products & Services |
TEXTILES Polyester Acrylic Acetate Silk Nylon Polyester/Cotton Cotton/Rayon PHARMACEUTICALS Hormones Antibiotics Antipyrine Excipients STEEL |
|
Competitors |
NATO CORPORATION LTD. 73, YONGAM-RI, EUNHYEON-MYEON, YANGJU-SI, TEL:+82-31-862-8181 FAX:+82-31-864-4294 TAESUK INTERNATIONAL CORP. RM. 1502, GOLDEN TOWER BLDG., 191,
CHUNGJEONGNO 2-GA, SEODAEMUN-GU, TEL:+82-2-365-0727 FAX:+82-2-365-4786 WOOSHIN CORPORATION RM. 309, HIGH-TECHNOLOGY SUPPORTING CENTER,
1-11, HOSAN-DONG, DALSEO-GU, TEL:+82-53-593-0236 FAX:+82-53-593-0235 |
(Activity & Markets)
The Subject deals
with the companies in
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.34 |
|
|
1 |
Rs.86.11 |
|
Euro |
1 |
Rs.69.07 |
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.