|
Report Date : |
28.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
DMT CO., LTD. |
|
|
|
|
Registered Office : |
926, Gwanyang-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea 135-960 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
06.02.2007 |
|
|
|
|
Com. Reg. No.: |
220-87-42930 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Manufacture of Broadcasting Apparatuses |
|
|
|
|
No. of Employees : |
53 |
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 (31.03.2011) |
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 |
DMT CO., LTD. (English Company
Name : DIGITAL MULTIMEDIA TECHNOLOGY CO., LTD.) (Ex. Company
Name : DIGITAL MULTITECH CO., LTD., “(주)디지탈멀티텍”) (Korean Company
Name : “(주)디엠티”) |
|
Registered Address |
926, Gwanyang-dong, Dongan-gu, Anyang-si,
Gyeonggi-do, Korea |
|
Zip Code |
135-960 |
|
Tel |
+82-2-3497-4900 |
|
Fax |
+82-2-3497-4991~2 |
|
E-mail |
cmyoo@dmtsat.com |
|
Website |
www.dmtsat.com |
|
Trading Address |
926, Gwanyang-dong, Dongan-gu, Anyang-si,
Gyeonggi-do, Korea |
|
Tel |
+82-2-3497-4965 |
|
Fax |
+82-2-3497-4991~2 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Broadcasting Apparatuses |
|
Main Business |
Digital Satellite Receiver |
|
Established (mm/dd/yyyy) |
02/06/2007 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Audio and visual equipment(52161500) |
|
Sell |
Satellite receivers(52161526) |
|
Sell |
Digital video disk players or recorders(52161516) |
|
Sell |
Compact disk players or recorders(52161515) |
|
Name |
Lee Hee-Kee |
|
Address |
Suite 109-204, 906, Banpo-dong,
Seocho-gu, Seoul, Korea |
|
Date of Birth |
11/13/1961 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
3,213,716,500 |
|||||||||||||||||||||
|
Employees |
53 |
|||||||||||||||||||||
|
Formation |
Co., Ltd by shares Venture Business |
|||||||||||||||||||||
|
Bank Details |
Industrial Bank of Korea Shinhan Bank Kookmin Bank Woori Bank |
|||||||||||||||||||||
|
Corporate Registered No. |
110111-3615121 |
|||||||||||||||||||||
|
Business Registered No. |
220-87-42930 |
|||||||||||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 45305955 |
|||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||
|
Company History |
02/06/2007 Incorporated as Digital
Multimedia Technology, Co., Ltd., after spin-off STB Business Division from K-D'SECO CO.,
LTD.(110111-1686033) 05/18/2007 Increased capital to 1,050,000,000 KRW from 500,000,000 KRW 08/07/2007 Designated as a Venture Business 09/10/2007 Sales Agreement with SkyLife for
H.264 HD STB 10/05/2007 Increased capital to 1,200,000,000
KRW from 1,050,000,000 KRW 11/07/2007 MOU Contract with Telecom Italia
and SkyLife for MoIP service 01/01/2008 Changed the address system to
the present name from 5th Fl., Paidion Bldg., 164-21, Poi-dong,
Gangnam-gu, Seoul, Korea 02/01/2008 Increased capital to 1,240,200,000 KRW from 1,200,000,000
KRW 03/15/2008 Increased capital to 1,680,000,000 KRW from 1,240,200,000
KRW 04/10/2008 Incorporated DMT USA(Allink
Inc.) in LA, USA 06/02/2008 Sales Agreement with SkyLife for
H.264 HD ZAPPING STB 12/18/2009 Moved to the present HQ address
from 5th
Fl., Paidion Bldg., 1164-21, Gaepo 4-dong, Gangnam-gu, Seoul, Korea 12/18/2009 Changed company name to the present name 04/27/2010 Increased capital to 2,630,000,000 KRW from 2,380,000,000
KRW |
|||||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Lee Hee-Kee |
Male |
Korean |
03/15/2007 |
|
Director |
Mr. |
Kim Yong-Kyu |
Male |
Korean |
03/15/2007 |
|
Director |
Mr. |
Lee Ki-Woong |
Male |
Korean |
03/15/2007 |
|
Auditor |
Mr. |
Kang Kil-Mo |
Male |
Korean |
03/15/2007 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
54,446,898,952 |
38,177,218,764 |
4,146,985,200 |
|
|
2010 |
85,826,337,077 |
48,765,469,756 |
8,023,414,149 |
|
2009 |
34,457,033,513 |
16,137,026,041 |
2,001,415,303 |
|
2008 |
27,395,577,803 |
14,910,351,999 |
1,461,155,353 |
|
2007 |
13,828,874,362 |
9,111,742,799 |
1,080,145,915 |
|
Authorized Capital(KRW) |
50,000,000,000 |
|
Paid-Up Capital(KRW) |
3,213,716,500 |
|
Total Issued Shares |
6,427,433 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
38,177,218,764 |
48,765,469,756 |
16,137,026,041 |
|
Current Assets |
34,861,877,310 |
44,096,967,856 |
13,141,505,867 |
|
-Quick Assets |
27,793,499,791 |
38,097,833,696 |
10,203,886,568 |
|
-Inventories |
7,068,377,519 |
5,999,134,160 |
2,937,619,299 |
|
Fixed Assets |
3,315,341,454 |
4,668,501,900 |
2,995,520,174 |
|
-Investment |
881,040,004 |
1,287,069,452 |
236,283,592 |
|
-Tangibles |
814,470,233 |
748,969,673 |
181,212,545 |
|
-Intangibles |
1,497,701,288 |
2,518,832,846 |
2,464,394,108 |
|
-Others |
122,129,929 |
113,629,929 |
113,629,929 |
|
Total Liabilities |
13,705,899,351 |
30,055,421,293 |
6,413,516,560 |
|
Current Liabilities |
12,439,966,167 |
28,706,606,457 |
4,774,232,140 |
|
Fixed Liabilities |
1,265,933,184 |
1,348,814,836 |
1,639,284,420 |
|
Capital Stock |
3,213,716,500 |
2,722,050,000 |
2,380,000,000 |
|
Capital Surplus |
4,568,194,914 |
3,428,027,756 |
2,800,792,910 |
|
Profit Surplus |
16,699,115,920 |
12,559,130,720 |
4,542,716,571 |
|
Capital Adjustment |
-9,707,921 |
839,987 |
- |
|
Total Equity |
24,471,319,413 |
18,710,048,463 |
9,723,509,481 |
|
Liab. & Shareholder’s Equity |
38,177,218,764 |
48,765,469,756 |
16,137,026,041 |
|
Current Liabilities |
12,439,966,167 |
28,706,606,457 |
4,774,232,140 |
|
Trade Payables |
4,978,999,702 |
8,153,712,612 |
1,837,799,580 |
|
Account Payables |
1,616,935,322 |
2,532,617,875 |
911,543,840 |
|
Advance Receipts |
35,273,992 |
628,847,725 |
65,032,655 |
|
Short-Term Borrowings |
3,872,559,502 |
12,163,086,799 |
1,600,000,000 |
|
Withholdings |
97,692,135 |
171,098,010 |
153,066,700 |
|
Accrued Expenses |
1,055,051,306 |
2,593,527,108 |
197,717,865 |
|
Accrued Income Tax |
- |
836,785,630 |
- |
|
Guarantee Deposit Withhold |
9,071,500 |
9,071,500 |
9,071,500 |
|
Unearned Income |
294,175,000 |
294,175,000 |
- |
|
Provision for Severance & Retirement |
480,207,708 |
686,372,758 |
- |
|
Convertible Bonds |
- |
500,000,000 |
- |
|
Fixed Liabilities |
1,265,933,184 |
1,348,814,836 |
1,639,284,420 |
|
Convertible Bonds |
|
|
1,000,000,000 |
|
Accrued Income |
441,262,500 |
735,437,500 |
- |
|
Provision for Severance & Retirement |
824,670,684 |
613,377,336 |
509,314,242 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
54,446,898,952 |
85,826,337,077 |
34,457,033,513 |
|
Cost of Sold Goods |
37,169,406,564 |
63,018,501,912 |
24,211,509,901 |
|
Gross Profit |
17,277,492,388 |
22,807,835,165 |
10,245,523,612 |
|
Selling & Admin. Expenses |
12,890,935,948 |
13,672,770,942 |
8,263,199,032 |
|
Operating Income |
4,386,556,440 |
9,135,064,223 |
1,982,324,580 |
|
Non-Operating Income |
1,402,902,833 |
1,374,742,492 |
1,167,224,511 |
|
Non-Operating Expenses |
1,567,197,792 |
1,642,659,826 |
1,148,133,788 |
|
Income Before Taxes |
4,222,261,481 |
8,867,146,889 |
2,001,415,303 |
|
Income Taxes Expenses |
75,276,281 |
843,732,740 |
- |
|
Net Income |
4,146,985,200 |
8,023,414,149 |
2,001,415,303 |
Cash
Flows
|
|||
|
Unit :
Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Cash Flows
from Operating |
22,240,248,485 |
-12,814,707,841 |
4,584,934,788 |
|
-Net Income |
4,146,985,200 |
8,023,414,149 |
2,001,415,303 |
|
-Exp.
without Cash Outflow |
2,335,588,686 |
3,537,072,667 |
1,232,632,433 |
|
-Revenue
without Cash Inflows |
-309,104,944 |
-162,492,464 |
- |
|
-Changes in
Asset/ & Liability |
16,066,779,543 |
-24,212,702,193 |
1,350,887,052 |
|
Cash Flows
from Investing |
-1,242,386,409 |
-2,717,317,479 |
-995,328,889 |
|
-Cash Inflow
from Investing |
251,066,863 |
511,600,000 |
412,201,004 |
|
-Cash
Outflows for Investing |
-1,493,453,272 |
-3,228,917,479 |
-1,407,529,893 |
|
Cash Flows
from Financing |
-7,282,928,224 |
11,005,132,783 |
794,000,000 |
|
-Cash Inflows
from Financing |
4,880,158,575 |
11,005,132,783 |
3,500,000,000 |
|
-Cash
Outflows from Financing |
-12,163,086,799 |
- |
-2,706,000,000 |
|
Increase/Decrease
in Cash |
13,714,933,852 |
-4,526,892,537 |
4,383,605,899 |
|
Cash at the
Beginning of Year |
660,399,997 |
5,187,292,534 |
803,686,635 |
|
Cash at the End of Year |
14,375,333,849 |
660,399,997 |
5,187,292,534 |
|
Main Products & Services |
Satellite Receiver Terrestrial Receiver Cable Receiver CAS / MIDDLE Combo MOIP |
|
Customers |
KOREA DIGITAL SATELLITE BROADCASTING CO., LTD.(110111-2149436) |
|
Competitors |
HUMAX CO., LTD. 212-1, YUBANG-DONG, CHEOIN-GU, YONGIN-SI,
GYEONGGI-DO, KOREA TEL:+82-31-331-9400 FAX:+82-31-331-9995 HYUNDAI DIGITAL TECHNOLOGY CO., LTD. 223-22, SANGDAEWON 1-DONG, JUNGWON-GU,
SEONGNAM-SI, GYEONGGI-DO, KOREA TEL:+82-31-737-7300 FAX:+82-31-431-1084 TOPFIELD CO., LTD. 207, GEUMGOK-DONG, BUNDANG-GU, SEONGNAM-SI,
GYEONGGI-DO, KOREA TEL:+82-31-778-0800 FAX:+82-31-778-0801 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
HANTORY CO., LTD.(134111-0191473) (40.50% held by the subject company) |
|
Subsidiary |
ALLINK INC.(USA) (97.50% held by the subject company) |
(Activity & Markets)
The Subject deals
with the companies in USA and Europe.
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
|
|
1 |
Rs.85.25 |
|
Euro |
1 |
Rs.71.72 |
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.