|
Report Date : |
28.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
TULLIS RUSSELL COATERS KOREA LTD. |
|
|
|
|
Registered Office : |
5Ba-802, Sihwa
Industrial Complex, 689-1, Seonggok-dong, Danwon-gu, Ansan-si, |
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|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
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|
|
|
Date of Incorporation : |
18.12.1998 |
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|
|
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Com. Reg. No.: |
134-81-42369 |
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|
|
|
Legal Form : |
Co., Ltd by Shares |
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|
|
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Line of Business : |
Manufacturer of Lamination, Composition and Specific Surface Paper |
|
|
|
|
No. of Employees : |
71 employees |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Source : CIA |
|
Company Name |
TULLIS RUSSELL COATERS
KOREA LTD. (Korean Company
Name : “툴리스러쎌코터스코리아(주)’) |
|
Registered Address |
5Ba-802, Sihwa Industrial Complex, 689-1,
Seonggok-dong, Danwon-gu, Ansan-si, |
|
Zip Code |
425-836 |
|
Tel |
+82-31-499-1151 |
|
Fax |
+82-31-499-1153 |
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E-mail |
|
|
Website |
|
|
Trading Address |
5Ba-820~821, Sihwa Industrial Complex,
689-1, Seonggok-dong, Danwon-gu, Ansan-si, |
|
Tel |
+82-31-499-1151 |
|
Fax |
+82-31-499-1153 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Lamination, Composition and Specific Surface Paper |
|
Main Business |
Transfer Paper, Waterproof Paper, Cardboard |
|
Established (mm/dd/yyyy) |
12/18/1998 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Printing and writing paper(14111500) |
|
Name |
Jung Jin-Hwang |
|
Address |
|
|
Date of Birth |
10/08/1962 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
4,500,000,000 |
|||||||||
|
Employees |
71 |
|||||||||
|
Formation |
Co., Ltd by Shares Foreign Direct Investment Corporation |
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|
Bank Details |
Citi Korea Exchange Bank |
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Corporate Registered No. |
135011-0085073 |
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Business Registered No. |
134-81-42369 |
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Permit & Licenses |
02/26/2003 ISO 9001 Int’l Trade No.: 11596637 |
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Shareholder Position |
|
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|
Company History |
12/18/1998 Incorporated as 01/25/1999 Registered as a Foreign Direct
Investment Corporation 04/16/2001 Changed company name to the present name 08/2003 Designated as a Promising SME |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Jung Jin-Hwang |
Male |
Korean |
12/01/2011 |
|
Director |
Mr. |
Christoper Agpar |
Male |
|
09/27/2007 |
|
Director |
Mr. |
Jeprie Douglas Miller |
Male |
|
06/04/2009 |
|
Auditor |
Mr. |
Kim Yong-Joon |
Male |
Korean |
06/23/2007 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
27,744,146,788 |
19,410,312,715 |
946,959,590 |
|
|
03/2011 |
27,358,404,839 |
18,006,579,312 |
1,485,769,237 |
|
03/2010 |
25,397,278,026 |
16,871,397,211 |
2,116,929,883 |
|
Authorized Capital(KRW) |
5,000,000,000 |
|
Paid-Up Capital(KRW) |
4,500,000,000 |
|
Total Issued Shares |
450,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
04/01/2011~03/31/2012 |
04/01/2010~03/31/2011 |
04/01/2009~03/31/2010 |
|
Total Assets |
19,410,312,715 |
18,006,579,312 |
16,871,397,211 |
|
Current Assets |
13,878,323,591 |
12,304,610,098 |
10,769,099,443 |
|
-Quick Assets |
10,569,349,756 |
6,795,655,107 |
6,073,928,480 |
|
-Inventories |
3,308,973,835 |
5,508,954,991 |
4,695,170,963 |
|
Fixed Assets |
5,531,989,124 |
5,701,969,214 |
6,102,297,768 |
|
-Investment |
8,250,000 |
8,250,000 |
6,490,000 |
|
-Tangibles |
5,303,655,372 |
5,528,668,479 |
5,860,348,628 |
|
-Intangibles |
220,083,752 |
165,050,735 |
235,459,140 |
|
Total Liabilities |
7,325,918,803 |
6,869,144,990 |
7,219,732,126 |
|
Current Liabilities |
6,506,741,704 |
6,323,880,406 |
6,310,902,653 |
|
Fixed Liabilities |
819,177,099 |
545,264,584 |
908,829,473 |
|
Capital Stock |
4,500,000,000 |
4,500,000,000 |
4,500,000,000 |
|
Capital Surplus |
|
|
|
|
Profit Surplus |
7,584,393,912 |
6,637,434,322 |
5,151,665,085 |
|
Capital Adjustment |
|
|
|
|
Total Equity |
12,084,393,912 |
11,137,434,322 |
9,651,665,085 |
|
Liab. & Shareholder’s Equity |
19,410,312,715 |
18,006,579,312 |
16,871,397,211 |
|
Current Liabilities |
6,506,741,704 |
6,323,880,406 |
6,310,902,653 |
|
Trade Payables |
2,760,746,266 |
3,363,342,772 |
3,151,626,169 |
|
Short-Term Borrowings |
1,974,020,000 |
1,240,000,000 |
1,920,000,000 |
|
Account Payables |
351,457,034 |
549,832,407 |
428,269,152 |
|
Accrued Expenses |
960,730,632 |
737,145,507 |
579,350,585 |
|
Accrued Income Tax |
212,326,960 |
250,772,644 |
7,295,816 |
|
Advance Receipts |
2,144,935 |
116,431,376 |
157,489,861 |
|
Withholdings |
77,167,110 |
16,355,700 |
16,871,070 |
|
Guarantee Deposit Withhold |
50,000,000 |
50,000,000 |
50,000,000 |
|
Derivatives |
118,148,767 |
- |
|
|
Fixed Liabilities |
819,177,099 |
545,264,584 |
908,829,473 |
|
Provision for Severance & Retirement |
819,177,099 |
545,264,584 |
908,829,473 |
Income
Statement
|
|||
|
Unit : Korean Won |
04/01/2011~03/31/2012 |
04/01/2010~03/31/2011 |
04/01/2009~03/31/2010 |
|
Sales |
27,744,146,788 |
27,358,404,839 |
25,397,278,026 |
|
Cost of Sold Goods |
22,661,076,151 |
22,222,042,653 |
19,952,937,501 |
|
Gross Profit |
5,083,070,637 |
5,136,362,186 |
5,444,340,525 |
|
Selling & Admin. Expenses |
3,893,641,459 |
3,557,537,088 |
3,363,345,261 |
|
Operating Income |
1,189,429,178 |
1,578,825,098 |
2,080,995,264 |
|
Non-Operating Income |
1,801,601,488 |
1,621,518,523 |
1,773,891,008 |
|
Non-Operating Expenses |
1,767,345,181 |
1,300,046,159 |
1,082,068,235 |
|
Income Before Taxes |
1,223,685,485 |
1,900,297,462 |
2,772,818,037 |
|
Income Taxes Expenses |
276,725,895 |
414,528,225 |
655,888,154 |
|
Net Income |
946,959,590 |
1,485,769,237 |
2,116,929,883 |
Cash
Flows
|
|||
|
Unit : Korean Won |
04/01/2011~03/31/2012 |
04/01/2010~03/31/2011 |
04/01/2009~03/31/2010 |
|
Cash Flows from Operating |
-391,765,185 |
1,710,910,111 |
351,978,890 |
|
-Net Income |
946,959,590 |
1,485,769,237 |
2,116,929,883 |
|
-Exp. without Cash Outflow |
1,122,192,538 |
768,132,908 |
1,020,819,163 |
|
-Revenue without Cash Inflows |
-61,244,856 |
-155,085,031 |
-38,216,213 |
|
-Changes in Asset/ & Liability |
-2,399,672,457 |
-387,907,003 |
-2,747,553,943 |
|
Cash Flows from Investing |
-273,063,290 |
-53,482,322 |
-237,807,890 |
|
-Cash Inflow from Investing |
18,474,418 |
107,590,471 |
11,739,000 |
|
-Cash Outflows for Investing |
-291,537,708 |
-161,072,793 |
-249,546,890 |
|
Cash Flows from Financing |
681,100,000 |
-680,000,000 |
-380,000,000 |
|
-Cash Inflows from Financing |
11,640,188,000 |
15,447,146,000 |
1,000,000,000 |
|
-Cash Outflows from Financing |
-10,959,088,000 |
-16,127,146,000 |
-1,380,000,000 |
|
Increase/Decrease in Cash |
16,271,525 |
977,427,789 |
-265,829,000 |
|
Cash at the Beginning of Year |
1,307,062,417 |
329,634,628 |
595,463,628 |
|
Cash at the End of Year |
1,323,333,942 |
1,307,062,417 |
329,634,628 |
|
Main Products & Services |
Transfer Paper, Waterproof Paper, Cardboard |
|
Competitors |
HANSOL PAPER CO., LTD.(110111-0017867) EN PAPER MFG CO.,LTD(134811-0000034) MOORIM PAPER CO.,LTD(191111-0000782) HONG WON PAPER MFG CO.,
LTD.(110111-0239221) |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
TULLIS RUSSELL COATERS TULLIS RUSSELL PAPERMAKERS TULLIS RUSSELL INK TULLIS RESSELL |
|
Corporate Ownership |
TULLIS RUSSELL GROUP LTD.( TULLIS RUSSELL ASIA PACIFIC INC. |
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Major Shareholders |
TULLIS RUSSELL ASIA PACIFIC INC. |
|
Cooperative |
-Operating Management and Transfer pricing
adjustment agreement with TULLIS RUSSELL COATERS LTD. -Insured Company SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078) |
(Activity & Markets)
The Subject deals
with the companies in
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.26 |
|
|
1 |
Rs.86.23 |
|
Euro |
1 |
Rs.68.64 |
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.