|
Report Date : |
24.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
TAE KWANG INDUSTRIAL CO., LTD. |
|
|
|
|
Registered Office : |
162-1, Jangchungdong 2-ga, Jung-gu, Seoul, Korea 100-855 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
15.09.1961 |
|
|
|
|
Com. Reg. No.: |
203-81-43626 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Wholesale of Fibers and Yarns and Textiles |
|
|
|
|
No. of Employees : |
1,674 |
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 – 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
|
Company Name |
TAE
KWANG INDUSTRIAL CO., LTD. (Korean
Company Name : “태광산업(주)”) |
|
Registered Address |
162-1,
Jangchungdong 2-ga, Jung-gu, Seoul, Korea |
|
Zip Code |
100-855 |
|
Tel |
+82-2-3406-0300 |
|
Fax |
+82-2-2273-9166 |
|
E-mail |
gen@taekwang.co.kr |
|
Website |
www.taekwang.co.kr |
|
Trading Address |
162-1,
Jangchungdong 2-ga, Jung-gu, Seoul, Korea(P.O.BOX 1173) |
|
Tel |
+82-2-3406-0300 |
|
Fax |
+82-2-2273-9166 |
|
Other Address-Gyeongju Factory |
1069,
Hwangseong-dong, Gyeongju-si, Gyeongsangbuk-do,Korea |
|
Tel |
+82-54-776-2511 |
|
Fax |
+82-54-776-0334 |
|
Other Address-Banyeo Factory |
161, Banyeo-dong, Haeundae-gu, Busan, Korea |
|
Tel |
+82-51-522-4031 |
|
Fax |
+82-51-523-1276 |
|
Other Address-Anyang Factory |
191-1, Anyang 7-dong, Manan-gu, Anyang-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-467-8700 |
|
Fax |
+82-31-443-3654 |
|
Other Address-Ulsan Factory |
221, Seonam-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-272-7211 |
|
Fax |
+82-52-269-4587 |
|
Other Address-Gumi Factory |
269, Gongdan-dong, Gumi-si, Gyeongsangbuk-do, Korea |
|
Tel |
+82-54-463-4632 |
|
Fax |
+82-54-464-1324 |
|
Other Address-Petrochemical 1 Factory |
353-1, Yeocheon-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-259-8615 |
|
Fax |
+82-52-260-6258 |
|
Other Address-Petrochemical 2 Factory |
355-10, Yeocheon-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-259-8670 |
|
Fax |
+82-52-260-6259 |
|
Other Address-Ungsang Factory |
6, Soju-ri, Ungsang-eup, Yangsan-si, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-385-2393 |
|
Fax |
+82-55-385-2393 |
|
Other Address-Sinpyeong Factory |
653-4, Sinpyeong-dong, Saha-gu, Busan, Korea |
|
Tel |
+82-51-204-0161 |
|
Fax |
+82-51-202-7556 |
|
Other Address-Busan Factory |
90, Guseo-dong, Geumjeong-gu, Busan, Korea |
|
Tel |
+82-51-582-3871 |
|
Fax |
+82-51-935-5497 |
|
Other Address |
Hungkuk Life Insurance Bldg., 226, Sinmunno 1-ga, Jongno-gu, Seoul, Korea |
|
Tel |
+82-2-3406-0300 |
|
Fax |
|
|
Other Address-Daegu Factory |
2041-27, Bisan-dong, Seo-gu, Daegu, Korea |
|
Tel |
+82-53-356-0567 |
|
Fax |
+82-53-353-3346 |
|
Other Address-R&D Center |
462-3, Jeonmin-dong,
Yuseong-gu, Daejeon, Korea |
|
Tel |
+82-42-866-1000 |
|
Fax |
+82-42-862-2330 |
|
Type |
Import/Export |
|
Industry |
Man-Made Fibers Spinning |
|
Main Business |
Wholesale of Fibers and Yarns and Textiles |
|
Sub
Business |
Polyester Yarn, Textile Fabrics, Petrochemistry Product, Amplifier |
|
Established (mm/dd/yyyy) |
09/15/1961 |
The Subject owns
the premises of registered HQ address, Ulsan Factory, Busan Factory, Gyeongju
Factory, Gumi Factory, Sinpyeong Factory, Ungsang Factory, Anyang Factory,
Petrochemical 1 Factory, Petrochemical 2 Factory and R&D Center.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Nylon fibers(11151502) |
|
Sell |
Chemicals including Bio Chemicals and Gas Materials(12000000) |
|
Sell |
Fibers(11151500) |
|
Sell |
Wool yarn(11151701) |
|
Sell |
Cotton yarn(11151702) |
|
Sell |
Audio and visual equipment(52161500) |
|
Sell |
Personal communication devices(43191500) |
|
Sell |
Blankets(52121508) |
|
Sell |
Radio access equipment(43221705) |
|
Sell |
Home stereo systems(52161510) |
|
Sell |
Synthetic fabrics(11161800) |
|
Sell |
Wool fabrics(11161600) |
|
Sell |
Acrylic fibers(11151504) |
|
Name |
Shim Jae-Hyuck |
|
Date of Birth |
04/18/1947 |
|
Title |
Vice Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
5,567,000,000 |
|||||||||||||||||||||||||||
|
Employees |
1,674 |
|||||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange :
003240) as of 12/27/1975 A Company of TAEKWANG INDUSTRIAL GROUP |
|||||||||||||||||||||||||||
|
Bank Details |
Shinhan Bank-Toeikyei Ro Branch |
|||||||||||||||||||||||||||
|
Corporate Registered No. |
110111-0185276 |
|||||||||||||||||||||||||||
|
Business Registered No. |
203-81-43626 |
|||||||||||||||||||||||||||
|
Permit & Licenses |
03/1994 ISO 9002 Int’l Trade No.: 670870 |
|||||||||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||||||||
|
Company History |
08/03/2007 Inauguration of the sixth
president Oh Yong-Il 01/02/2004 Inauguration of the fifth
president Lee Hwa-dong 12/12/2003 Established Taekwang Synthetic
Fiber Ltd. (Changshu) in China for producing spandex 04/24/2003 Established Shanghai Office 04/16/1999 Revamping of 400,000 tons of
PTA 04/21/1997 Completed Petrochemical No. 3
plant (AN) 04/08/1997 Completed Petrochemical No. 2
plant (Propylene) 01/03/1997 Inauguration of the 4th
president Lee Ho-jin 07/07/1995 Completed Petrochemical No. 1
plant (PTA) 02/28/1994 Merged Kwangjin Textile
Industries Co., Ltd. 06/20/1993 Awarded for the Most
outstanding enterprise 03/01/1993 Founded the Taekwang Central
Research Center (Daedeok Research Complex) 11/05/1992 Established Ungsang worsted
spinning factory 02/01/1992 Established Shinpyung factory 03/20/1991 Completed Nylon plant 12/01/1990 Established Kyungju factory 08/10/1988 Completed Carbon fiber plant 02/01/1988 Founded Taekwang Technology
Research Center 05/22/1987 Awarded for the Most
outstanding enterprise for Korean management grand prize 01/13/1987 Completed Kumi cotton spinning
factory 05/21/1986 Completed the Ulsan worsted
spinning factory 03/30/1986 Completely recover from fire in
Pusan factory 01/22/1986 Acquired the permit for the
Hong Kong office 04/28/1985 Fire of Pusan factory to
completely lose 59,848 worsted spindles 12/27/1983 Taekwang Electronics is Merged
into the Taekwang Electronics Dept. completed Anyang factory 02/10/1982 Opened branch office in Osaka,
Japan 12/22/1981 Awarded for the tower of 100 million
dollar export 06/17/1980 Moved the head office (162-1
Jangchung-dong 2-ga, Jung-gu, Seoul) 02/22/1980 Inauguration of the third
president Lee Ki-hwa 07/31/1979 Completed Banyeo worsted
spinning factory 02/10/1979 Completed Spandex plant 07/01/1977 Established Banyeo cotton
spinning factory 12/27/1975 IPO of Taekwang 09/01/1975 Moved the head office to KAL
Building in Seoul 11/20/1973 Inauguration of the second
president Kim Jin-ha 08/02/1971 Organized women's volleyball
team of Taekwang 08/01/1971 Merged Dongyang Textile into
Taekwang Ulsan plant 08/27/1969 Moved the head office to
Dongrae, completed Pusan factory 03/12/1969 Registered the trademark of
'Acelan' 11/09/1968 Registered the trademark of
'Taekwang Industrial Co., Ltd.' 04/20/1967 Completed and operated Ulsan
acryl plant (daily production of 6 tons) 08/02/1966 Registered the trademark of
'PIGEON TEX' 11/01/1963 Moved the head office to Gaya,
completed Gaya factory 09/15/1961 Established Taekwang Industrial
Co., Ltd. as a legal entity, the first president of Lee Eam-yong taking the
office 07/01/1954 Established Taekwang Industry 10/10/1953 Fully acquired Dongyang
Industry 10/25/1950 Invested in Dongyang Industry,
the mother company of Taekwang |
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education/Career |
|
Vice Chairman & CEO |
Mr. |
Shim Jae-Hyuck |
Korean |
1947.04.18 |
Yonsei University, Korea |
|
President & CEO |
Mr. |
Choi Joong-Jae |
Korean |
1954.12.02 |
Sungkyunkwan University, Korea |
|
Sr. Executive Director |
Mr. |
Lee Dong-Kook |
Korean |
1965.02.06 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
You Kook-Hyung |
Korean |
1941.10.06 |
Dongkook University, Korea |
|
Outside Director |
Mr. |
Nam Ik-Hyun |
Korean |
1963.03.07 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Yoon Young |
Korean |
1956.02.28 |
MBA of American University |
|
Outside Director |
Mr. |
Shin Yong-Hak |
Korean |
1949.08.05 |
Korea University, Korea |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)03/2013 |
587,510,188,965 |
2,713,297,859,267 |
7,197,401,504 |
|
(*)2012 |
2,809,979,959,222 |
2,694,812,595,132 |
-31,976,603,449 |
|
(*)2011 |
3,154,925,682,706 |
2,764,784,725,022 |
224,898,481,866 |
|
(*)2010 |
2,581,819,258,311 |
2,163,180,768,272 |
282,494,764,655 |
|
2009 |
1,963,651,327,768 |
1,829,994,599,767 |
342,556,620,065 |
|
2008 |
1,832,383,517,042 |
1,684,339,730,789 |
(-)53,472,478,264 |
|
2007 |
1,266,798,817,948 |
1,670,152,983,614 |
40,888,543,428 |
|
2006 |
1,207,678,313,592 |
1,605,823,030,981 |
(-)52,559,772,812 |
|
2005 |
1,236,915,858,740 |
1,631,743,079,265 |
22,407,066,832 |
|
2004 |
1,306,233,997,555 |
1,622,574,991,302 |
70,147,093,476 |
|
2003 |
1,150,093,278,437 |
1,505,534,949,899 |
33,241,219,508 |
(*)Figures are based
on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
8,000,000,000 |
|
Paid-Up Capital(KRW) |
5,567,000,000 |
|
Total Issues Shares |
1,113,400 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
01/01/2013~03/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Total Assets |
2,713,297,859,267 |
2,694,812,595,132 |
2,764,784,725,022 |
|
Current Assets |
1,057,384,515,772 |
999,129,784,833 |
1,044,058,202,689 |
|
Cash & Cash Equivalents |
288,523,737,551 |
212,098,648,589 |
113,918,738,603 |
|
Short-Term Receivables |
121,716,982,125 |
172,138,982,125 |
277,940,812,125 |
|
Held-to-Maturity Financial Assets |
0 |
390,000 |
20,134,865,000 |
|
Trade Receivables |
373,790,980,364 |
370,742,188,067 |
349,192,974,101 |
|
Other Receivables |
50,094,081,959 |
41,008,410,989 |
31,818,028,366 |
|
Inventories |
198,661,087,079 |
191,175,311,309 |
239,108,169,950 |
|
Other Current Assets |
24,597,646,694 |
11,965,853,754 |
11,944,614,544 |
|
Non-Current
Assets |
1,655,913,343,495 |
1,695,682,810,299 |
1,720,726,522,333 |
|
Non-Current Financial Instruments |
143,106,483,750 |
151,290,915,965 |
157,175,515,874 |
|
Held-to-Maturity Financial Assets |
0 |
20,061,180,000 |
20,061,570,000 |
|
Investment_Related Companies |
568,603,126,641 |
568,603,126,641 |
572,512,815,792 |
|
Tangibles |
773,895,894,698 |
789,659,246,420 |
813,733,387,637 |
|
Investment_Real Estates |
95,884,692,189 |
96,049,130,083 |
83,425,413,380 |
|
Intangibles |
44,472,231,499 |
44,938,200,704 |
45,452,077,521 |
|
Other Receivables |
21,891,759,748 |
21,264,431,790 |
23,815,188,796 |
|
Other Non-Current Assets |
8,059,154,970 |
3,816,578,696 |
4,550,553,333 |
|
Total
Liabilities |
603,559,067,983 |
591,875,064,459 |
624,298,305,907 |
|
Current
Liabilities |
527,444,408,254 |
519,086,921,002 |
560,313,748,608 |
|
Trade Payables |
350,332,554,466 |
367,779,456,896 |
374,898,887,209 |
|
Short-Term Borrowings |
130,214,066,105 |
87,038,000,165 |
110,457,360,581 |
|
Other Payables |
29,091,434,018 |
43,139,861,803 |
43,738,354,995 |
|
Other Current Liabilities |
17,806,353,665 |
21,129,602,138 |
31,219,145,823 |
|
Non-Current
Liabilities |
76,114,659,729 |
72,788,143,457 |
63,984,557,299 |
|
Long-Term Trade Payables |
5,643,514,331 |
5,568,611,154 |
5,220,748,063 |
|
Confirmed Salaries |
4,848,712,644 |
3,789,542,480 |
3,834,881,177 |
|
Other Non-Current Liabilities |
52,067,451,374 |
51,575,032,651 |
49,672,802,093 |
|
Deferred Income Tax Credit |
13,554,981,380 |
11,854,957,172 |
5,256,125,966 |
|
Capital
Stock |
5,567,000,000 |
5,567,000,000 |
5,567,000,000 |
|
Capital Surplus |
11,312,374,006 |
11,312,374,006 |
11,312,374,006 |
|
Capital Adjustment |
-114,947,968,675 |
-114,947,968,675 |
-114,947,968,675 |
|
Others |
15,648,263,899 |
14,571,550,542 |
19,067,713,885 |
|
Profit Surplus |
2,192,159,122,054 |
2,186,434,574,800 |
2,219,487,299,899 |
|
Total Equity |
2,109,738,791,284 |
2,102,937,530,673 |
2,140,486,419,115 |
|
Liab. & Shareholder’s Equity |
2,713,297,859,267 |
2,694,812,595,132 |
2,764,784,725,022 |
Income
Statement
|
|||
|
Unit : Korean Won |
01/01/2013~03/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Sales |
587,510,188,965 |
2,809,979,959,222 |
3,154,925,682,706 |
|
Cost of Sold Goods |
579,369,212,598 |
2,746,372,436,340 |
2,785,406,226,737 |
|
Gross Profit |
8,140,976,367 |
63,607,522,882 |
369,519,455,969 |
|
Selling & Admin. Expenses |
22,204,726,993 |
100,863,585,770 |
97,306,723,884 |
|
Operating Income |
-14,063,750,626 |
-37,256,062,888 |
272,212,732,085 |
|
Other Operating Income |
17,466,605,587 |
61,985,534,653 |
93,260,445,284 |
|
Other Operating Expenses |
16,299,595,450 |
49,715,574,758 |
106,276,735,278 |
|
Net Finance Income |
21,450,413,388 |
8,638,590,884 |
22,380,105,436 |
|
Finance Income |
23,911,670,026 |
25,488,527,990 |
48,516,582,951 |
|
Finance Expenses |
-2,461,256,638 |
-16,849,937,106 |
-26,136,477,515 |
|
Income Before Taxes |
8,553,672,899 |
-16,347,512,109 |
281,576,547,527 |
|
Income Taxes Expenses |
1,356,271,395 |
15,629,091,340 |
56,678,065,661 |
|
Net Income |
7,197,401,504 |
-31,976,603,449 |
224,898,481,866 |
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 |
-31,155,967,916 |
62,762,613,164 |
634,848,134,134 |
|
Net Income |
7,197,401,504 |
-31,976,603,449 |
224,898,481,866 |
|
Adjustment |
7,169,429,061 |
79,325,890,483 |
107,773,808,925 |
|
Changes in Asset/ & Liability |
-48,335,165,862 |
13,049,843,919 |
382,846,707,387 |
|
Interests Received |
3,781,164,916 |
15,453,084,787 |
16,085,792,787 |
|
Dividends Received |
217,209,300 |
8,458,210,094 |
9,937,447,465 |
|
Interests Paid |
-523,675,190 |
-1,425,217,787 |
-3,218,350,331 |
|
Income Taxes |
-662,331,645 |
-20,122,594,883 |
-103,475,753,965 |
|
Cash Flows from Investing |
66,537,578,451 |
59,768,326,501 |
-537,403,568,884 |
|
Cash Flows from Financing |
40,389,070,027 |
-23,453,035,379 |
-20,267,468,724 |
|
Increase/Decrease in Cash |
75,770,680,562 |
99,077,904,286 |
77,177,096,526 |
|
Cash at the Beginning of Year |
212,098,648,589 |
113,918,738,603 |
36,851,880,577 |
|
Cash at the End of Year |
288,523,737,551 |
212,098,648,589 |
113,918,738,603 |
|
Main Products & Services |
DIVISION OF PETROCHEMICAL PTA : Petrochemical #1 Plant Propylene : Petrochemical #2 Plant AN : Petrochemical #3 Plant NaCN : Petrochemical #3 Plant DIVISION OF SYNTHETIC FIBER Acryl : Ulsan Plant Nylon : Ulsan Plant Spandex : Ulsan Plant Polyester : Ulsan Plant DIVISION OF SPINNING Cotton Spinning : Banyeo factory, Kumi
factory, Kyungju factory Worsted Spinning : Pusan factory, Ungsang
factory DIVISION OF FABRIC MANUFACTURING Cotton Fabric : Kyungju factory Worsted Fabric : Pusan factory Polyester Fabric : Kyungju factory Tricot Fabric : (Seohan Moolsan) Blanket : Pusan factory DIVISION OF DYEING AND FINISHING Cotton Finishing : Shinpyung factory Worsted Finishing : Pusan factory Polyester Finishing : Taegu factory Tricot Finishing : Shinpyung factory Blanket Finishing : Pusan factory DIVISION OF ELECTRONICS Audio, communication : Anyang factory R & d Fundamental Technology, New Material :
Central Research Institute Brand Name: ACELAN, TAEKWANG, ACEPORA, ACETEX |
|
Suppliers |
CAPRO CORPORATION(110111-0111825) GS-CALTEX CORPORATION(110111-0078819) SK GAS LTD.(110111-0413247) SAMSUNG FINE CHEMICALS CO., LTD.(181211-0000013) |
|
Competitors |
PTA SAMSUNG PETROCHEMICAL CO., LTD.(181211-0000435) SAMNAM PETROCHEMICAL CO., LTD.(110111-0557061) N/F KOLON INDUSTRIES INC.(110111-0030528) HYOSUNG CORPORATION(110111-0030497) |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
DAEHAN SYNTHETIC FIBRER
CO.,LTD.(110111-0012437) SEOHAN MOOLSAN.CO., LTD.(120111-0002519) SEKWANG FASHION CO., LTD.(110111-4342020) TBROAD HANVIT BROADCASTING CO.,
LTD.(135011-0067071) TBROAD DOBONGGANGBUK BROADCASTING
CO.,LTD.(110111-1011909) TBROAD HOLDINGS. CO., LTD.(210111-0013343) TBROAD GINAM BROADCASTING
CO.,LTD.(131311-0022461) TBROAD SAEROM BROADCASTING.
CO.,LTD.(120111-0094772) TBROAD NAKDONG BROADCASTING
CO.,LTD.(180111-0153550) TBROD DONGDAEMUN CABLE NETWORKS, CO.,
LTD.(110111-1019292) TBROAD GANGSEO BROADCASTING
CO.,LTD.(110111-1166275) TBROAD SEOHAE BROADCASTING CO.,
LTD.(120111-0094037) KOREA DIGITAL CABLE MEDIA CENTER CO.,
LTD.(110111-2336934) KOREA CABLE TELECOM CO.,
LTD.(110111-3514323) TCAST CO., LTD.(110111-3962457) E-CHANNEL CO.,LTD.(110111-1861685) TBROAD FOX KOREA CO.,LTD.(110111-3390997) TP&NS CO., LTD.(110111-4169581) QRIX HOLDINGS, INC.(170111-0290354) QRIX SEODAEMOON COMUNICATIONS CO,.
LTD.(110111-1024655) NOWON CABLE GENERAL BROADCASTING,
INC.(110111-2261909) I-DIGITAL HOME SHOPPING CO.,
LTD.(110111-3245267) CHAMP VISION INC.(110111-3167081) DAE PYUNG CABLE CO., LTD.(164711-0012332) HEUNGKUK FIRE & MARINE INSURANCE CO.,
LTD.(110111-0016728) HUNGKUK LIFE INSURANCE CO., LTD.(110111-0018443) GO RYO SAVING BANK CO.,
LTD.(180111-0015304) YEGARAM SAVINGS BANK CO.,
LTD.(110111-3221960) HEUNGKUK ASSET MANAGEMENT CO.,
LTD.(110111-1758600) HEUNGKUK SECURITIES CO.,
LTD.(110111-2105561) DAISHIN-HEUNGKUK THE FIRST PRIVATE EQUITY
FUND(110113-0014869) TAEKWANG TOURIST DEVELOPMENT CO.,
LTD.(110111-0304016) DONGLIM LEISURE DEVELOPMENT CO.,
LTD.(110111-3300475) TRM CO.,LTD.(110111-3078436) KOREA BOOK PROMOTION CO.,
LTD.(110111-0763759) DONG LIM ENGINEERING & CONSTRUCTION
CO., LTD.(110111-3649724) THM CONSULTING CO.,LTD.(110111-4149682) TEM TECH CO., LTD.(230111-0159656) TOTAL SYSTEM & INFORMATION SERVICE CO.,
LTD.(110111-2986606) ESTEEM CO., LTD.(110111-3845463) WEINHEIM CO., LTD.(110111-3845702) MERVIN CO., LTD.(110111-3942657) |
|
Overseas Office |
TAEKWANG SYNTHETIC FIBER(CHANGSHU) CO,.LTD. D BLK, TONGGANG INDUSTRIAL PARK, CHANGSHU
ECONOMIC DEVEL. ZONE, CHANGSHU CITY, JIANGSU, CHINA TEL :+86-512-5233-9000 FAX
:+86-512-5233-9099 SHANGHAI Office 1305, FAREAST INTERNATIONAL PLAZA B NO. 317
XIANXIA RD., SHANGHAI, CHINA TEL :+86-21-6235-1105 FAX :+86-21-5233-9909 TAEKWANG INDUSTRIAL GAESEONG CO., LTD. GAESEONG INDUSTRIAL COMPLEX BL-11-5 NORTH
KOREA TEL :+852-3406-0453 FAX :+852-2277-2058 |
|
Cooperative Enterprise |
PHILIPS D.V.A THOMSON DOLBY -Insured Company HEUNGKUK FIRE & MARINE INSURANCE CO., LTD.(110111-0016728) |
(Activity & Markets)
|
Sales/ Unit : Thousand KRW |
06/2012 |
2011 |
2010 |
|
Export |
585,534,410 |
1,503,002,426 |
1,285,742,569 |
|
Domestic |
805,038,572 |
1,637,904,800 |
1,284,387,990 |
|
Others |
7,725,192 |
14,018,457 |
11,688,699 |
|
Total |
1,398,298,174 |
3,154,925,683 |
2,581,819,258 |
The Subject deals
with the companies in China.
There are 2 cases
filed as Plaintiff(s)/ Creditor(s)/ Applicant(s) amounting 223,000,000 KRW, and
filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting 204,000,000 KRW.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.35 |
|
|
1 |
Rs.92.11 |
|
Euro |
1 |
Rs.78.59 |
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.