|
Report Date : |
16.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
AP SYSTEMS CORPORATION |
|
|
|
|
Registered Office : |
740-120, Banggyo-ri, Dongtan-myeon, Hwaseong-si, Gyeonggi-do, Korea
445-811 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
15.09.1994 |
|
|
|
|
Com. Reg. No.: |
229-81-22962 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Semiconductor- Manufacturing Machinery |
|
|
|
|
No. of Employees : |
314 |
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 : |
Regular |
|
|
|
|
Litigation : |
Exist |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 is currently the world's 12th largest economy. 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. Korea''s export focused economy was hit hard by the 2008 global
economic downturn, but quickly rebounded in subsequent years, reaching 6.3% growth
in 2010. The US-South Korea Free Trade Agreement was ratified by both
governments in 2011 and went into effect in March 2012. Throughout 2012 the
economy experienced sluggish growth because of market slowdowns in the United
States, China, and the Eurozone. The incoming administration in 2013, following
the December 2012 presidential election, is likely to face the challenges of
balancing heavy reliance on exports with developing domestic-oriented sectors,
such as services. 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 |
Basic
|
Company Name |
AP SYSTEMS CORPORATION (English Name : Advanced Process Systems Corporation) |
|
Registered Address |
740-120, Banggyo-ri, Dongtan-myeon, Hwaseong-si, Gyeonggi-do, Korea |
|
Zip Code |
445-811 |
|
Tel |
+82-31-379-2700 |
|
Fax |
+82-31-379-2800 |
|
E-mail |
admin@apsystems.co.kr |
|
Website |
www.apsystems.co.kr |
|
Trading Address |
740-120, Banggyo-ri, Dongtan-myeon, Hwaseong-si, Gyeonggi-do, Korea (New Address System : 830-46, Dongbu-daero, Dongtan-myeon,
Hwaseong-si, Gyeonggi-do, Korea) |
|
Tel |
+82-31-379-2700 |
|
Fax |
+82-31-379-2800 |
|
Other Address-Balan Branch |
934-2, Gumuncheon-ri, Hyangnam-eup, Hwaseong-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-8055-2900 |
|
Fax |
+82-31-8055-2999 |
|
Other Address-Cheonan Branch |
34, Geomeundeul 3-gil, Seobuk-gu, Cheonan-si, Chungcheongnam-do |
|
Tel |
+82-41-413-6000 |
|
Fax |
+82-41-413-6001 |
|
Type |
Export |
|
Industry |
Manufacture of Semiconductor- Manufacturing Machinery |
|
Main Business |
AMOLED(Active Matrix Organic Light Emitting Diode) Equipment, LCD
Equipment, Laser Application Equipment |
|
Established (mm/dd/yyyy) |
09/15/1994 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Satellite receivers(52161526) |
|
Sell |
Mobile phones(43191501) |
|
Sell |
Network repeaters(43222608) |
|
Sell |
Global positioning system receivers(52161518) |
|
Sell |
Semiconductor process systems(23211101) |
|
Sell |
Device drivers or system software(43233405) |
|
Sell |
Business function specific software(43231500) |
|
Name |
Jung Ki-Ro |
|
Address |
|
|
Date of Birth |
03/27/1963 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
10,823,247,000 |
|||||||||||||||
|
Employees |
314 |
|||||||||||||||
|
Formation |
Listed Company (KOSDAQ : 054620) as of 12/04/2001 |
|||||||||||||||
|
Bank Details |
Woori Bank Korea Exchange Bank Kookmin Bank-Jungja Station Branch |
|||||||||||||||
|
Corporate Registered No. |
110111-1315286 |
|||||||||||||||
|
Business Registered No. |
229-81-22962 |
|||||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 16005279 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
09/15/1994 Incorporated as NCOM INFORMATION
SYSTEM INC. 02/2001 Designated as a Venture Business 01/08/2004 Changed company name to KORNIC
SYSTEM INC. 11/2005 Awarded US$ 19 Million Export Top
Prize 03/20/2009 Changed company name to the
present name 03/19/2012 Changed company English name to Advanced Process
Systems Corporation from Asia Pacific Systems Incorporated 10/18/2012 Moved to the present HQ address
from 605, Jung-ri, Dongtan-myeon, Hwaseong-si, Gyeonggi-do, Korea |
|||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Date of Birth |
|
President & CEO |
Mr. |
Jung Ki-Ro |
Male |
Korean |
1963.05.27 |
|
Director |
Mr. |
Kim Young-Joo |
Male |
Korean |
1958.10. |
|
Director |
Mr. |
Kim Ki-Tae |
Male |
Korean |
1959.11. |
|
Director |
Mr. |
Lim Il-Hwan |
Male |
Korean |
1962.10. |
|
Director |
Mr. |
Yoon Jae-Min |
Male |
Korean |
1960.05. |
|
Director |
Mr. |
Kim Boo-Sik |
Male |
Korean |
1963.11. |
|
Director |
Mr. |
Park Young-Bae |
Male |
Korean |
1963.11. |
|
Auditor |
Mr. |
Kim Bum-Sool |
Male |
Korean |
1951.09.11 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
80,615,579,958 |
209,581,435,493 |
6,598,903,734 |
|
|
(*)2012 |
213,990,127,692 |
204,771,643,664 |
13,342,446,524 |
|
(*)2011 |
222,443,967,317 |
272,996,339,612 |
11,741,208,070 |
|
2010 |
154,328,101,774 |
115,736,821,748 |
-16,985,247,642 |
|
2009 |
91,986,212,831 |
134,355,632,493 |
2,048,132,030 |
|
2008 |
20,297,210,847 |
126,400,901,099 |
4,160,174,616 |
(*)Figures are
based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
30,000,000,000 |
|
Paid-Up Capital(KRW) |
10,823,247,000 |
|
Total Issued Shares |
22,393,982 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
01/01/2013~03/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Total Assets |
209,581,435,493 |
204,771,643,664 |
272,996,339,612 |
|
Current Assets |
124,901,382,328 |
124,928,333,480 |
213,533,382,638 |
|
Cash & Cash Equivalents |
55,547,030,619 |
41,349,134,092 |
46,476,618,652 |
|
Deposits |
116,227,079 |
115,456,554 |
15,000,000,000 |
|
Marketable Financial Instruments |
7,023,075,217 |
- |
- |
|
Trade Receivables & Other
Current Receivables |
42,685,348,456 |
54,669,188,934 |
55,721,119,854 |
|
Other Receivables |
981,404,141 |
440,436,283 |
57,411,451,453 |
|
Current Non-Financial Instruments |
7,312,208,291 |
8,612,834,709 |
14,259,897,172 |
|
Inventories |
11,236,088,525 |
19,741,282,908 |
13,562,864,756 |
|
Assets to be Sold |
- |
- |
11,101,430,751 |
|
Non-Current Assets |
84,680,053,165 |
79,843,310,184 |
59,462,956,974 |
|
Deposits |
100,980,000 |
95,040,000 |
71,280,000 |
|
Non-Current Financial Instruments |
1,500,000,000 |
400,000,000 |
828,127,769 |
|
Other Receivables |
849,130,000 |
704,220,000 |
1,967,760,000 |
|
Tangibles |
54,694,612,233 |
51,911,553,366 |
39,489,292,074 |
|
Intangibles |
5,627,211,571 |
4,416,199,753 |
954,039,383 |
|
Investment_Related Companies |
17,559,393,781 |
18,159,393,781 |
12,202,181,433 |
|
Deferred Income Tax Assets |
4,348,725,580 |
4,156,903,284 |
3,950,276,315 |
|
Total Liabilities |
114,891,076,900 |
116,881,021,825 |
191,225,414,080 |
|
Current Liabilities |
96,671,791,543 |
100,162,635,159 |
163,447,004,719 |
|
Trade Payables & Other
Current Payables |
31,427,000,821 |
9,182,649,495 |
23,074,651,973 |
|
Other Payables |
22,022,131,219 |
7,866,980,003 |
13,415,187,086 |
|
Short-Term Borrowings |
27,334,431,892 |
26,955,693,190 |
40,405,422,033 |
|
Deferred Income Tax Credit |
1,896,784,609 |
1,451,229,781 |
2,549,639,537 |
|
Provisions |
2,867,443,615 |
3,438,792,437 |
2,124,346,967 |
|
Other Current Non-Financial Debts |
11,123,999,387 |
51,267,290,253 |
76,054,366,217 |
|
Liabilities to be Sold |
- |
- |
5,823,390,906 |
|
Non-Current Liabilities |
18,219,285,357 |
16,718,386,666 |
27,778,409,361 |
|
Long-Term Borrowings |
14,767,000,000 |
13,492,000,000 |
25,519,392,423 |
|
Other Payables |
10,000,000 |
10,000,000 |
60,000,000 |
|
Provision for Severance &
Retirement |
939,523,514 |
737,662,073 |
351,157,233 |
|
Provisions |
2,502,761,843 |
2,478,724,593 |
1,847,859,705 |
|
Capital Stock |
10,823,247,000 |
10,810,040,500 |
10,769,463,000 |
|
Capital Surplus |
51,814,374,684 |
51,616,659,168 |
50,771,406,742 |
|
Profit Surplus |
33,742,940,452 |
27,166,277,495 |
14,163,467,039 |
|
Other General Accumulated Amounts |
23,074,561 |
- |
- |
|
Others |
-1,713,278,104 |
-1,702,355,324 |
6,066,588,751 |
|
Total Equity |
94,690,358,593 |
87,890,621,839 |
81,770,925,532 |
|
Liab. & Shareholder’s Equity |
209,581,435,493 |
204,771,643,664 |
272,996,339,612 |
|
Income Statement |
|||
|
Unit : Korean Won |
01/01/2013~03/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Sales |
80,615,579,958 |
213,990,127,692 |
222,443,967,317 |
|
Cost of Sold Goods |
67,115,825,465 |
180,257,094,974 |
177,701,993,039 |
|
Gross Profit |
13,499,754,493 |
33,733,032,718 |
44,741,974,278 |
|
Selling & Admin. Expenses |
5,140,603,378 |
21,310,573,790 |
18,338,043,066 |
|
Operating Income |
8,359,151,115 |
12,422,458,928 |
26,403,931,212 |
|
Other Income |
715,394,050 |
7,362,293,040 |
1,791,192,577 |
|
Other Expenses |
603,463,968 |
2,937,868,204 |
2,383,872,363 |
|
Finance Income |
476,301,850 |
3,909,845,700 |
1,743,971,469 |
|
Finance Expenses |
543,855,064 |
3,090,401,113 |
2,794,570,316 |
|
Other Loses |
- |
- |
7,525,232,519 |
|
Income Before Taxes |
8,403,527,983 |
17,666,328,351 |
17,235,420,060 |
|
Income Taxes Expenses |
1,804,624,249 |
3,270,467,551 |
2,736,047,461 |
|
Income from Continuous Business |
6,598,903,734 |
14,395,860,800 |
14,499,372,599 |
|
Income from Stopped Business |
|
-1,053,414,276 |
-2,758,164,529 |
|
Net Income |
6,598,903,734 |
13,342,446,524 |
11,741,208,070 |
|
Cash Flows |
|||
|
Unit : Korean Won |
01/01/2013~03/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Operating Activities Cash Flows |
24,866,793,593 |
30,307,387,574 |
26,263,103,784 |
|
Cash Flows from Operating |
26,165,009,580 |
32,465,927,464 |
27,977,899,183 |
|
Interests Received |
461,961,821 |
3,528,981,235 |
1,293,528,816 |
|
Interests Paid |
-215,559,131 |
-791,026,054 |
-629,236,308 |
|
Income Taxes |
-1,544,618,677 |
-4,274,339,792 |
-806,492,567 |
|
Cash Flows from Investing |
-12,143,908,557 |
-7,991,032,486 |
-36,574,577,409 |
|
Cash Inflow from Investing |
15,226,445 |
36,148,218,858 |
1,814,997,759 |
|
Cash Outflows for Investing |
-12,159,135,002 |
-37,302,175,265 |
-39,581,989,130 |
|
Cash Flows from Financing |
1,475,000,000 |
-35,587,274,081 |
49,377,698,465 |
|
Cash Inflows from Financing |
1,475,000,000 |
14,331,954,250 |
54,668,421,416 |
|
Cash Outflows from Financing |
|
-49,919,228,331 |
-8,560,195,506 |
|
Increase/Decrease in Cash |
14,197,885,036 |
-13,270,918,993 |
39,066,224,840 |
|
Cash at the Beginning of Year |
41,349,134,092 |
54,667,049,333 |
15,554,109,935 |
|
Cash at the End of Year |
55,547,030,619 |
41,349,134,092 |
54,667,049,333 |
|
Balance Sheet |
|||
|
Unit : US$ |
01/01/2013~03/31/2013 (1,112.1KRW/US$) |
As of 12/31/2012 (1,071.1KRW/US$) |
As of 12/31/2011 (1,153.3KRW/US$) |
|
Total Assets |
188,455,566 |
191,178,829 |
236,708,870 |
|
Current Assets |
112,311,287 |
116,635,546 |
185,149,903 |
|
Cash & Cash Equivalents |
49,947,874 |
38,604,364 |
40,298,811 |
|
Deposits |
104,511 |
107,793 |
13,006,156 |
|
Marketable Financial Instruments |
6,315,147 |
- |
- |
|
Trade Receivables & Other
Current Receivables |
38,382,653 |
51,040,229 |
48,314,506 |
|
Other Receivables |
882,478 |
411,200 |
49,780,154 |
|
Current Non-Financial Instruments |
6,575,136 |
8,041,112 |
12,364,430 |
|
Inventories |
10,103,488 |
18,430,850 |
11,760,049 |
|
Assets to be Sold |
- |
- |
9,625,796 |
|
Non-Current Assets |
76,144,279 |
74,543,283 |
51,558,967 |
|
Deposits |
90,801 |
88,731 |
61,805 |
|
Non-Current Financial Instruments |
1,348,800 |
373,448 |
718,051 |
|
Other Receivables |
763,537 |
657,474 |
1,706,200 |
|
Tangibles |
49,181,380 |
48,465,646 |
34,240,260 |
|
Intangibles |
5,059,987 |
4,123,051 |
827,226 |
|
Investment_Related Companies |
15,789,402 |
16,953,967 |
10,580,232 |
|
Deferred Income Tax Assets |
3,910,373 |
3,880,967 |
3,425,194 |
|
Total Liabilities |
103,310,023 |
109,122,418 |
165,807,174 |
|
Current Liabilities |
86,927,247 |
93,513,804 |
141,721,152 |
|
Trade Payables & Other Current
Payables |
28,259,150 |
8,573,102 |
20,007,502 |
|
Other Payables |
19,802,294 |
7,344,767 |
11,632,001 |
|
Short-Term Borrowings |
24,579,113 |
25,166,365 |
35,034,615 |
|
Deferred Income Tax Credit |
1,705,588 |
1,354,897 |
2,210,734 |
|
Provisions |
2,578,404 |
3,210,524 |
1,841,973 |
|
Other Current Non-Financial Debts |
10,002,697 |
47,864,149 |
65,944,998 |
|
Liabilities to be Sold |
- |
- |
5,049,329 |
|
Non-Current Liabilities |
16,382,776 |
15,608,614 |
24,086,022 |
|
Long-Term Borrowings |
13,278,482 |
12,596,396 |
22,127,280 |
|
Other Payables |
8,992 |
9,336 |
52,025 |
|
Provision for Severance &
Retirement |
844,819 |
688,696 |
304,480 |
|
Provisions |
2,250,483 |
2,314,186 |
1,602,237 |
|
Capital Stock |
9,732,261 |
10,092,466 |
9,337,955 |
|
Capital Surplus |
46,591,471 |
48,190,327 |
44,022,723 |
|
Profit Surplus |
30,341,642 |
25,362,970 |
12,280,818 |
|
Other General Accumulated Amounts |
20,749 |
- |
- |
|
Others |
-1,540,579 |
-1,589,352 |
5,260,200 |
|
Total Equity |
85,145,543 |
82,056,411 |
70,901,696 |
|
Liab. & Shareholder’s Equity |
188,455,566 |
191,178,829 |
236,708,870 |
|
Income Statement |
|||
|
Unit : US$ |
01/01/2013~03/31/2013 (1,112.1KRW/US$) |
As of 12/31/2012 (1,071.1KRW/US$) |
As of 12/31/2011 (1,153.3KRW/US$) |
|
Sales |
72,489,506 |
199,785,387 |
192,876,066 |
|
Cost of Sold Goods |
60,350,531 |
168,291,565 |
154,081,326 |
|
Gross Profit |
12,138,975 |
31,493,822 |
38,794,741 |
|
Selling & Admin. Expenses |
4,622,429 |
19,895,970 |
15,900,497 |
|
Operating Income |
7,516,546 |
11,597,852 |
22,894,244 |
|
Other Income |
643,282 |
6,873,581 |
1,553,102 |
|
Other Expenses |
542,635 |
2,742,851 |
2,067,001 |
|
Finance Income |
428,290 |
3,650,309 |
1,512,158 |
|
Finance Expenses |
489,034 |
2,885,259 |
2,423,108 |
|
Other Loses |
- |
- |
6,524,957 |
|
Income Before Taxes |
7,556,450 |
16,493,631 |
14,944,438 |
|
Income Taxes Expenses |
1,622,718 |
3,053,373 |
2,372,364 |
|
Income from Continuous Business |
5,933,732 |
13,440,258 |
12,572,074 |
|
Income from Stopped Business |
- |
-983,488 |
-2,391,541 |
|
Net Income |
5,933,732 |
12,456,770 |
10,180,532 |
|
Cash Flows |
|||
|
Unit : US$ |
01/01/2013~03/31/2013 (1,112.1KRW/US$) |
As of 12/31/2012 (1,071.1KRW/US$) |
As of 12/31/2011 (1,153.3KRW/US$) |
|
Operating Activities Cash Flows |
22,360,214 |
28,295,572 |
22,772,135 |
|
Cash Flows from Operating |
23,527,569 |
30,310,828 |
24,258,995 |
|
Interests Received |
415,396 |
3,294,726 |
1,121,589 |
|
Interests Paid |
-193,831 |
-738,517 |
-545,596 |
|
Income Taxes |
-1,388,921 |
-3,990,608 |
-699,291 |
|
Cash Flows from Investing |
-10,919,799 |
-7,460,585 |
-31,712,978 |
|
Cash Inflow from Investing |
13,692 |
33,748,687 |
1,573,743 |
|
Cash Outflows for Investing |
-10,933,491 |
-34,826,044 |
-34,320,636 |
|
Cash Flows from Financing |
1,326,320 |
-33,224,978 |
42,814,271 |
|
Cash Inflows from Financing |
1,326,320 |
13,380,594 |
47,401,735 |
|
Cash Outflows from Financing |
- |
-46,605,572 |
-7,422,349 |
|
Increase/Decrease in Cash |
12,766,734 |
-12,389,991 |
33,873,428 |
|
Cash at the Beginning of Year |
37,181,129 |
51,038,231 |
13,486,612 |
|
Cash at the End of Year |
49,947,874 |
38,604,364 |
47,400,546 |
|
Main Products & Services |
AMOLED(Active Matrix Organic Light Emitting Diode) Equipment, LCD
Equipment, Laser Application Equipment Brand Name : KORONA |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
SAMSUNG DISPLAY CO., LTD.(134511-0187812) SAMSUNG ELECTRONICS CO., LTD.(130111-0006246) HYDIS TECHNOLOGIES CO., LTD.(134411-0022490) TOPPOLY(TAIWAN) INNOLUX(CHINA) |
|
Competitors |
SILICONFILE TECHNOLOGIES INC. 9TH FL., YEWON BLDG., 75-1, YANGJAE 1-DONG,
SEOCHO-GU, SEOUL, KOREA TEL:+82-2-578-9314 FAX:+82-2-578-9337 TERRASEM CO., LTD. 17-6B, OCHANG SCIENCE INDUSTRIAL COMPLEX,
654-1, GAK-RI, OCHANG-EUP, CHEONGWON-GUN, CHUNGCHEONGBUK-DO, KOREA TEL:+82-43-240-8100 FAX:+82-43-218-2145 PIXELPLUS CO., LTD. 6TH FL., GYEONGGI R&D CENTER, 906-5,
IUI-DONG, YEONGTONG-GU, SUWON-SI, GYEONGGI-DO, KOREA TEL:+82-31-888-5300 FAX:+82-31-888-5399 |
|
Affiliates |
KORNIC AUTOMATION CO., LTD.(160111-0164064) (60.00% held by the subject company) ASIA PACIFIC SATELLITE COMMUNICATION, INC.(110111-4531045) (42.64% held by the subject company) ASIA PACIFIC AEROSPACE INCORPORATED(110111-4808585) (48.25% held by the subject company) ZENITH WORLD CO., LTD.(KOREA) ASTEL CO., LTD.(160111-0061864) |
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
KORNIC AUTOMATION CO., LTD.(160111-0164064) (60.00% held by the subject company) |
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
|
|
Sales/ Unit :Mil KRW |
2012 |
2011 |
2010 |
|
Export |
|
|
|
|
Domestic |
|
|
|
|
Total |
|
|
|
The Subject exports to Taiwan, USA, Singapore
and Japan.
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
|
NEBIRO CO., LTD.(Korea) |
The Subject Company |
Related to AS Agreement |
- |
proceeding |
Not Available
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.51 |
|
|
1 |
Rs.94.98 |
|
Euro |
1 |
Rs.81.62 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.