|
Report Date : |
01.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
YURA TECH. CO., LTD. |
|
|
|
|
Registered Office : |
502-1, Simjung-ri, Jeondong-myeon, Yeongi-gun,
Chungcheongnam-do, Korea 339-843 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
07.05.1987 |
|
|
|
|
Com. Reg. No.: |
307-81-02043 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Electrical Equipment for Motor Vehicles |
|
|
|
|
No. of Employees : |
287 |
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 : |
Usually Correct |
|
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SOUTH KOREA - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies, and currently is among the world's 20 largest economies. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea''s development model including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. With the global economic downturn in late 2008, South Korean GDP growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to recover, in large part due to export growth, low interest rates, and an expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade Agreement was ratified by both governments and is projected to go into effect in early 2012. The South Korean economy''s long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports - which comprise half of GDP.
Source
: CIA
|
Company Name |
YURA TECH. CO.,
LTD. (Trade Name :
YURA TECH) (Korean Company
Name : “(주)유라테크”) |
|
Registered Address |
502-1, Simjung-ri, Jeondong-myeon,
Yeongi-gun, Chungcheongnam-do, Korea |
|
Zip Code |
339-843 |
|
Tel |
+82-70-7878-3500 |
|
Fax |
+82-41-863-1096 |
|
E-mail |
jwkim2@yura.co.kr |
|
Website |
www.yuratech.co.kr |
|
Trading Address |
5th Fl., Segwang Bldg., 9-2, Samseong
2-dong, Gangnam-gu, Seoul, Korea |
|
Tel |
+82-2-2056-2400 |
|
Fax |
+82-2-3443-3862 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Electrical Equipment for Motor Vehicles |
|
Main Business |
Spark Plug, Platinum Plug, Cigar Coil, Platinum Spark Plug, Wiring
Harness, Glow Plug, Spark Plug Cable, lridium Plug |
|
Established (mm/dd/yyyy) |
05/07/1987 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Spark plugs(26101732) |
|
Sell |
Glow plugs(26101724) |
|
Buy |
Mechanical wire(31151800) |
|
Buy |
Springs(31161900) |
|
Buy |
Diodes(32111500) |
|
Buy |
Resistors(32121600) |
|
Buy |
Electrodes(39121436) |
|
Buy |
Electrical terminals(39121432) |
|
Buy |
Miscellaneous fasteners(31162400) |
|
Buy |
Electrical insulators(39121721) |
|
Buy |
Gaskets(31181500) |
|
Buy |
Packaging boxes(24121503) |
|
Buy |
Mechanical wire(31151800) |
|
Name |
Ohm Byung-Yoon |
|
Date of Birth |
02/08/1941 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
5,760,000,000 |
|||||||||||||||||||||
|
Employees |
287 |
|||||||||||||||||||||
|
Formation |
Listed Company (KOSDAQ : 048430) as of 01/11/2001 |
|||||||||||||||||||||
|
Bank Details |
Industrial Bank of Korea-Gangnam Gu Office
Branch |
|||||||||||||||||||||
|
Corporate Registered No. |
110111-0529820 |
|||||||||||||||||||||
|
Business Registered No. |
307-81-02043 |
|||||||||||||||||||||
|
Permit & Licenses |
03/1997 Single PPM 09/1997 ISO 9002 06/23/1998 Single PPM 06/23/1999 QS 9000 10/20/2000 Single PPM 12/16/2005 Single PPM Int’l Trade No.: 913764 |
|||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||
|
Company History |
05/071987 Incorporated as CHAMPION
SPARKPLUG KOREA CO., LTD. 12/28/1990 Changed company name to SELIM
INDUSTRY CO., LTD. 08/21/2000 Changed company name to SELIM
TECH CO., LTD. 04/2003 Moved to the present HQ address
from 404-13, Nojang-ri, Jeondong-myeon, Yeongi-gun,
Chungcheongnam-do, Korea 12/28/2007 Changed company name to the
present name |
|||||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Ohm Byung-Yoon |
Korean |
1941.02.08 |
Seoul National University, Korea |
|
President & CEO |
Mr. |
Ohm Dae-Yeol |
Korean |
1967.11.08 |
Ohio State University, USA |
|
Director |
Mr. |
Ahn Ki-Geon |
Korean |
1959.10.09 |
Woosong Technical College, Korea |
|
Auditor |
Mr. |
Lim Woo-Taik |
Korean |
1959.12.07 |
Dongah University, Korea |
|
Outside Director |
Mr. |
Kim Jung-Ho |
Korean |
1936.04.18 |
Chungang University, Korea |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
141,439,379,220 |
95,334,392,548 |
12,857,184,966 |
|
|
(*)2011 |
104,536,057,348 |
92,358,883,716 |
2,955,188,056 |
|
(*)2010 |
86,316,223,130 |
80,879,967,373 |
4,441,397,195 |
|
2009 |
75,160,796,325 |
65,473,719,596 |
3,497,936,542 |
|
2008 |
59,694,680,334 |
58,095,353,236 |
1,652,043,078 |
|
2007 |
54,980,562,198 |
44,448,191,558 |
2,432,965,711 |
|
2006 |
49,046,801,446 |
43,564,567,165 |
2,310,001,271 |
|
2005 |
41,080,316,432 |
39,943,705,483 |
2,392,459,013 |
(*)Figures are based
on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
50,000,000,000 |
|
Paid-Up Capital(KRW) |
5,760,000,000 |
|
Total Issues Shares |
11,520,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
95,334,392,548 |
92,358,883,716 |
80,879,967,373 |
|
Current Assets |
42,603,306,358 |
37,724,460,308 |
26,933,263,534 |
|
Cash & Cash Equivalents |
5,579,451,783 |
9,533,258,166 |
2,498,761,870 |
|
Trade Receivables |
22,938,590,071 |
13,342,528,688 |
10,336,065,272 |
|
Other Finance Assets |
3,378,166,672 |
2,924,895,079 |
3,277,337,928 |
|
Other Non-Finance Assets |
660,062,745 |
2,293,518,021 |
589,852,099 |
|
Income Taxes |
0 |
38,194,001 |
77,444,122 |
|
Inventories |
10,047,035,087 |
9,592,066,353 |
10,153,802,243 |
|
Non-Current Assets |
52,731,086,190 |
54,634,423,408 |
53,946,703,839 |
|
Long-Term Finance Assets |
50,569,298 |
71,331,140 |
60,812,292 |
|
Other Finance Assets |
58,683,000 |
66,770,660 |
58,900,660 |
|
Marketable Financial Instruments |
4,599,184,484 |
4,493,454,334 |
3,702,859,334 |
|
Investment_Related Companies |
2,541,022,552 |
1,643,446,552 |
4,114,814,005 |
|
Tangibles |
44,669,067,016 |
47,667,909,165 |
45,446,902,385 |
|
Intangibles |
812,559,840 |
691,511,557 |
562,415,163 |
|
Total Liabilities |
41,469,011,517 |
49,883,153,747 |
38,747,788,346 |
|
Current Liabilities |
34,335,032,764 |
42,959,907,405 |
31,828,759,923 |
|
Trade Payables |
20,087,220,131 |
17,697,816,351 |
11,820,024,035 |
|
Other Finance Debts |
4,570,905,398 |
4,348,818,206 |
4,580,692,122 |
|
Short-Term Borrowings |
6,000,000,000 |
19,000,000,000 |
13,600,000,000 |
|
Current Portion of Long-Term
Debts |
1,112,490,000 |
1,483,320,000 |
0 |
|
Provisions |
165,392,043 |
144,916,222 |
1,483,320,000 |
|
Other Non-Finance Debts |
485,449,010 |
285,036,626 |
121,942,614 |
|
|
1,913,576,182 |
0 |
222,781,152 |
|
Non-Current Liabilities |
7,133,978,753 |
6,923,246,342 |
6,919,028,423 |
|
Long-Term Borrowings |
0 |
1,112,490,000 |
2,595,810,000 |
|
Provision for Severance &
Retirement |
2,565,944,471 |
3,014,127,858 |
798,622,910 |
|
Provisions |
4,252,939,767 |
2,369,927,649 |
1,002,248,741 |
|
Deferred Income Tax Credit |
255,094,515 |
366,700,835 |
2,492,346,772 |
|
Other Finance Debts |
60,000,000 |
60,000,000 |
30,000,000 |
|
Capital Stock |
5,760,000,000 |
5,760,000,000 |
5,760,000,000 |
|
Capital Surplus |
1,138,041,599 |
1,138,041,599 |
1,138,041,599 |
|
Capital Adjustment |
-175,597,610 |
-175,597,610 |
2,182,598,650 |
|
Profit Surplus |
44,307,833,417 |
33,003,982,355 |
33,051,538,778 |
|
Others |
2,835,103,625 |
2,749,303,625 |
|
|
Total Equity |
53,865,381,031 |
42,475,729,969 |
42,132,179,027 |
|
Liab. & Shareholder’s Equity |
95,334,392,548 |
92,358,883,716 |
80,879,967,373 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
141,439,379,220 |
104,536,057,348 |
86,316,223,130 |
|
Cost of Sold Goods |
120,830,677,242 |
95,087,288,209 |
80,281,925,781 |
|
Gross Profit |
20,608,701,978 |
9,448,769,139 |
6,034,297,349 |
|
Selling & Admin. Expenses |
9,902,686,262 |
7,910,378,364 |
4,839,047,318 |
|
Operating Income |
10,706,015,716 |
1,538,390,775 |
2,716,652,134 |
|
Other Operating Income |
3,462,506,204 |
2,141,074,387 |
1,590,412,263 |
|
Other Operating Expenses |
18,002,103 |
221,384,412 |
69,010,160 |
|
Finance Income |
2,583,839,092 |
602,415,376 |
1,044,899,710 |
|
Finance Expenses |
1,509,489,222 |
1,507,882,167 |
1,085,350,080 |
|
Equity Method Profits |
|
|
3,858,406,039 |
|
Profits from investment on Related Companies |
|
|
1,684,245,729 |
|
Income Before Taxes |
15,224,869,687 |
2,552,613,959 |
4,850,362,074 |
|
Income Taxes Expenses |
2,367,684,721 |
-402,574,097 |
408,964,879 |
|
Net Income |
12,857,184,966 |
2,955,188,056 |
4,441,397,195 |
Cash
Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Cash Flows from Operating |
13,270,873,709 |
11,799,573,633 |
8,601,804,691 |
|
Operating Activities Cash Flows |
14,133,933,872 |
12,690,149,087 |
10,106,927,679 |
|
Net Income |
15,224,869,687 |
2,552,613,959 |
4,850,362,074 |
|
Adjustment |
8,110,535,093 |
10,351,619,950 |
4,565,937,374 |
|
Changes in Asset/ & Liability |
-9,201,470,908 |
-214,084,822 |
690,628,231 |
|
Interests Received |
102,524,691 |
90,701,173 |
-356,193,251 |
|
Dividends Received |
38,573,932 |
30,583,000 |
23,000,000 |
|
Interests Paid |
-648,283,762 |
-1,039,941,319 |
-562,216,874 |
|
Income Taxes |
-355,875,024 |
28,081,692 |
-609,712,863 |
|
Cash Flows from Investing |
-1,844,809,863 |
-8,144,265,666 |
-13,711,054,777 |
|
Cash Flows from Financing |
-15,342,291,400 |
3,344,032,400 |
7,056,482,400 |
|
Increase/Decrease in Cash |
-3,916,227,554 |
6,999,340,367 |
1,947,232,314 |
|
Cash at the Beginning of Year |
9,533,518,821 |
2,513,647,556 |
574,560,948 |
|
Cash at the End of Year |
5,604,303,773 |
9,533,518,821 |
2,513,647,556 |
|
Main Products & Services |
Spark Plug, Platinum Plug, Cigar Coil, Platinum Spark Plug, Wiring
Harness, Glow Plug, Spark Plug Cable, lridium Plug Brand Name : YURA |
|
Customers |
HYUNDAI MOTOR COMPANY(110111-0085450) KIA MOTORS CORPORATION(110111-0037998) HYUNDAI MOBIS CO., LTD.(110111-0215536) |
|
Competitors |
CAP CORPORATION 712, DAECHEON-DONG, DALSEO-GU, DAEGU, KOREA TEL:+82-53-584-8866 FAX:+82-53-584-8865 FUKOKU KOREA CO., LTD. 605B-13, BANWOL INDUSTRIAL COMPLEX, 1061-4,
SINGIL-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO, KOREA TEL:+82-31-494-9271~3 FAX:+82-31-491-9161 HST CO., LTD. RM. 302, BOKCHANG BLDG., 80, SOGONG-DONG,
JUNG-GU, SEOUL, KOREA TEL:+82-2-778-3701~4 FAX:+82-2-773-2051 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
YURA ILJO ELECTRONICS CO., LTD.(CHINA) (48.8% held by the subject company) YURA CORPORATION(KOREA) |
(Activity &
Markets)
|
Sales/ Unit :Mil KRW |
09/2012 |
2011 |
2010 |
|
Export |
28,196 |
25,764 |
18,936 |
|
Domestic |
72,828 |
78,772 |
67,380 |
|
Total |
101,024 |
104,536 |
86,316 |
The Subject deals
with the companies in USA.
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
|
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.