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Report Date : |
14.01.2013 |
IDENTIFICATION DETAILS
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Name : |
I&C MICROSYSTEM CO., LTD. |
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Registered Office : |
324-1, Yangjae 2-dong, Seocho-gu, Seoul, Korea Rm. 601, Bethel Bldg.
137-897 |
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Country : |
South Korea |
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Date of Incorporation : |
03.06.1992 |
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Com. Reg. No.: |
229-81-03102 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacture of Electronic Integrated Circuits |
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No. of Employees : |
19 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
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Company
Name |
I&C MICROSYSTEM CO., LTD. (Ex. Company Name: I&C CO., LTD.) |
|
Registered
Address |
324-1,
Yangjae 2-dong, Seocho-gu, Seoul, Korea |
|
Building |
Rm.
601, Bethel Bldg. |
|
Zip
Code |
137-897 |
|
Tel |
+82-2-577-9131 |
|
Fax |
+82-2-577-9130 |
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E-mail |
sales@inc.co.kr;gshan@inc.co.kr;dustin@inc.co.kr |
|
Website |
www.inc.co.kr;
www.incmicro.com |
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Trading
Address |
Rm.
601, Bethel Bldg., 324-1, Yangjae 2-dong, Seocho-gu, Seoul, Korea |
|
Tel |
+82-2-577-9131 |
|
Fax |
+82-2-577-9130 |
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Type |
Export/Import |
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Industry |
Manufacture
of Electronic Integrated Circuits |
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Main Business |
Semi-conductor
Integrated Circuit |
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Established
(mm/dd/yyyy) |
06/03/1992 |
The Subject occupies the premises of registered HQ address by leasing
base.
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Integrated
circuits(32101600) |
|
Sell |
EDA
tools |
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Sell |
Semi-Conductor
Integrated Circuit |
|
Name |
Choi
Eui-Sun |
|
Address |
Rm.44-1303,
44, Ogeum-dong, Songpa-gu, Seoul, Korea |
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Date
of Birth |
11/14/1953 |
|
Title |
President
& CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital
(KRW) |
450,000,000 |
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Employees |
19 |
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Formation |
Co., Ltd by shares Venture
Business |
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Bank
Details |
Kookmin Bank Hana Bank-Nam Yeoksam Branch Industrial
Bank of Korea-Yangjae Station Branch |
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Corporate
Registered No. |
110111-0861842 |
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Business
Registered No. |
229-81-03102 |
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Permit
& Licenses |
Int’l
Trade No.; 11019936 |
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Shareholder
Position |
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Company
History |
06/03/1992 Incorporated as the present name 10/08/2002 Split off the par value to 5,000 KRW from 10,000 KRW 10/21/2002 Increased the authorized shares to 1,000,000 shares from
500,000 shares 04/25/2011
Increased capital to 450,000,000 KRW from 398,420,000 KRW |
||||||||||||||||||
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Management
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Choi
Eui-Sun |
Male |
Korean |
06/03/1995 |
|
Director |
Mr. |
Kim
Jong-Hwan |
Male |
Korean |
10/11/2009 |
Financials
|
Year
/ Unit : KRW |
Sales |
Assets |
Net
Income |
|
|
|
|
|
|
2010 |
9,295,000,000 |
4,998,000,000 |
253,000,000 |
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2009 |
|
|
|
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2008 |
7,137,000,000 |
4,724,000,000 |
90,000,000 |
|
2007 |
5,721,000,000 |
4,561,000,000 |
51,000,000 |
|
2006 |
3,479,000,000 |
|
200,000,000 |
|
2005 |
2,636,000,000 |
3,422,000,000 |
5,000,000 |
|
2004 |
5,564,000,000 |
3,086,000,000 |
293,000,000 |
|
2003 |
6,090,000,000 |
3,361,000,000 |
96,000,000 |
The latest & full financials are not available, and the Subject
Company does not have any obligations to release its financials to the public.
|
Authorized
Capital(KRW) |
5,000,000,000 |
|
Paid-Up
Capital(KRW) |
420,000,000 |
|
Total
Issued Shares |
84,000 |
|
Main
Products & Services |
In concert with world prominent
semiconductor relating firms, the Subject launched the business to make domestic
electronic communication field advanced through supplying cutting-edge
semiconductors and EDA tools to electronic communication industries, schools
and R&D centers. The Subject is managing ASIC & FPGA
Design Service Center supporting customers designing products. The Subject is
running R&D center ONGDALSAEM in the company. -SEMICON DIV. GPS ERIDE, INC. POWER MANAGEMENT ANALOG POWER SUMMIT CLOCK BUFFER & TTL POTATO SEMICONDUCTOR RFIC MIRICS SEMICONDUCTOR WIBRO / WIRELESS JENNIC LTD. RUNCOM TECHNOLOGIES TIMING CONNOR-WINFIELD CORP. MEMORY / MCU RAMTRON INTERNATIONAL NETWORK / TELECOM IAMBA NETWORKS EZCHIP TECHNOLOGIES GALAZAR NETWORKS QUELLAN, INC. RESOLUTE NETWORKS -TERATECH DIV. FPGA ACTEL FPGA PROGRAM & DEBUG FOR PRODUCTION SOFTWARE -DIGITECH
DIV. |
|
Detailed
Products Spec. |
|
|
Technologies
Acquired |
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Suppliers |
-TERATECH ACTEL -SEMICON RAMTRON INTERNATIONAL IAMBA NETWORKS MIRICS SEMICONDUCTOR POTATO SEMICONDUCTOR JENNIC LTD. ANALOG POWER, INC. ERIDE, INC. CONNOR WINFIELD GALAZAR NETWORKS EZCHIP TECHNOLOGIES QUELLAN SUMMIT MICROELECTRONICS RUNCOM RESOLUTE NETWORKS MIRICS
SEMICONDUCTOR(UK) |
|
Customers |
Domestic
Digital Consumer and Telecommunication related companies, and Research
Centers |
|
Competitors |
TSPS CORPORATION RM. 788, JEONJU INDUSTRIAL COMPLEX Ⅲ, YONGAM-RI, BONGDONG-EUP, WANJU-GUN, JEOLLABUK-DO, KOREA TEL:+82-63-261-0891~4
FAX:+82-63-261-0895 DTRON CO., LTD. 691-1, JAKJEON-DONG, GYEYANG-GU, INCHEON, KOREA TEL:+82-32-545-3015
FAX:+82-32-547-6718 HWA SUNG TECHNO CORP. 1-1210, IT CASTLE, 550-1, GASAN-DONG, GEUMCHEON-GU, SEOUL, KOREA TEL:+82-2-2026-8455 FAX:+82-2-2026-8466 |
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.54 |
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UK Pound |
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.72.29 |
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 |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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---- |
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.