|
Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SEJONG PHARMATECH CO., LTD. |
|
|
|
|
Registered Office : |
419-4, Cheongcheon 2-dong, Bupyeong-gu, Incheon, Korea 403-858 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
08.03.1993 |
|
|
|
|
Com. Reg. No.: |
130-81-42445 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Manufacture of Containers Cleaning, Packing and Wrapping Machinery and
Charger |
|
|
|
|
No. of Employees : |
97 |
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 |
Basic
|
Company Name |
SEJONG PHARMATECH CO., LTD. |
|
Registered Address |
419-4, Cheongcheon 2-dong, Bupyeong-gu, Incheon, Korea |
|
Zip Code |
403-858 |
|
Tel |
+82-32-508-1280~7 |
|
Fax |
+82-32-508-1288~9 |
|
E-mail |
master@sejong-trading.com;sj@sjpmt.com |
|
Website |
www.sjpmt.com;www.sejong-trading.com |
|
Trading Address |
419-4, Cheongcheon 2-dong, Bupyeong-gu, Incheon, Korea |
|
Tel |
+82-32-508-1280~7 |
|
Fax |
+82-32-508-1288~9 |
|
Other Address-Techno Town Branch |
414-2, Cheongcheon-dong, Bupyeong-gu, Incheon, Korea |
|
Type |
Export |
|
Industry |
Manufacture of Containers Cleaning, Packing and Wrapping Machinery and
Charger |
|
Main Business |
Automatic Capsule Filling Machine, Rotary Tablet Press, Automatic
Coating Machine, High Speed Mixer |
|
Established (mm/dd/yyyy) |
03/08/1993 |
The Subject owns the premises of registered
HQ address/Factory(6,817㎡) and Techno Town Branch.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Coating machines(23151502) |
|
Sell |
Battery chargers(26111704) |
|
Sell |
Batch mixers(23191000) |
|
Sell |
Form or fill or seal machinery(23152902) |
|
Sell |
Iron plate(30102203) |
|
Sell |
Hydraulic presses(27121500) |
|
Buy |
Nuts(31161700) |
|
Buy |
Aluminum(11101705) |
|
Buy |
Iron plate(30102203) |
|
Buy |
Stainless steel plate(30102205) |
|
Buy |
Bolts(31161600) |
|
Buy |
Non ferrous alloy(11101711) |
|
Name |
Lee Won-Woo |
|
Address |
Suite A-2904, 262, Gilju-ro, Wonmi-gu,
Bucheon-si, Gyeonggi-do, Korea |
|
Date of Birth |
05/10/1947 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
400,000,000 |
||||||||||||||||||
|
Employees |
97 |
||||||||||||||||||
|
Formation |
Co., Ltd by shares |
||||||||||||||||||
|
Bank Details |
Korea Exchange Bank-Dodang Dong Branch Shinhan Bank Kookmin Bank Woori Bank |
||||||||||||||||||
|
Corporate Registered No. |
124311-0038227 |
||||||||||||||||||
|
Business Registered No. |
130-81-42445 |
||||||||||||||||||
|
Permit & Licenses |
10/28/2005 CE 07/07/2005 ISO 14001 06/28/2005 CE 04/29/2003 ISO 9001 07/08/2002 CE 03/09/1999 CE 12/15/1998 ISO 9001 Int’l Trade No.: 11103831 |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
03/08/1993 Incorporated as the present name 08/30/2005 Increased the authorized shares
to 400,000 shares from 40,000 shares 08/31/2005 Increased capital to 400,000,000
KRW from 200,000,000 KRW 11/02/2005 Moved to the present HQ address
from 409-3, Cheongcheon-dong, Bupyeong-gu, Incheon, Korea |
||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Lee Won-Woo |
Male |
Korean |
03/08/1993 |
|
Director |
Mr. |
Lee Sang-Ho |
Male |
Korean |
02/28/2011 |
|
Auditor |
M/S. |
Ko Han-Soon |
Female |
Korean |
03/27/2007 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
29,160,584,886 |
37,078,586,026 |
2,017,937,587 |
|
|
2011 |
28,897,473,765 |
34,488,616,548 |
1,229,214,298 |
|
2010 |
30,882,701,088 |
38,814,382,731 |
2,086,686,636 |
|
2009 |
26,954,518,416 |
38,515,820,278 |
1,197,215,639 |
|
2008 |
26,585,757,187 |
37,814,671,402 |
2,745,461,807 |
|
2007 |
24,804,265,938 |
16,634,091,234 |
1,937,070,433 |
|
2006 |
20,589,042,619 |
16,121,439,924 |
420,901,489 |
|
2005 |
18,955,210,622 |
14,734,763,201 |
2,219,673,878 |
|
2004 |
15,331,000,000 |
6,703,000,000 |
197,000,000 |
|
2003 |
9,378,000,000 |
6,988,000,000 |
216,000,000 |
|
Authorized Capital(KRW) |
4,000,000,000 |
|
Paid-Up Capital(KRW) |
400,000,000 |
|
Total Issues Shares |
40,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
37,078,586,026 |
34,488,616,548 |
38,814,382,731 |
|
Current Assets |
10,668,049,437 |
7,952,295,487 |
10,545,993,935 |
|
-Quick Assets |
6,801,881,926 |
4,325,911,372 |
7,686,510,294 |
|
-Inventories |
3,866,167,511 |
3,626,384,115 |
2,859,483,641 |
|
Fixed Assets |
26,410,536,589 |
26,536,321,061 |
28,268,388,796 |
|
-Investment |
264,693,431 |
85,975,443 |
1,513,840,000 |
|
-Tangibles |
26,074,120,907 |
26,354,004,098 |
26,711,795,882 |
|
-Intangibles |
70,490,251 |
52,220,452 |
41,520,914 |
|
-Others |
1,232,000 |
44,121,068 |
1,232,000 |
|
Total Liabilities |
28,112,220,304 |
26,742,855,233 |
29,293,425,157 |
|
Current Liabilities |
25,371,794,351 |
9,908,101,073 |
27,937,883,257 |
|
Fixed Liabilities |
2,740,425,953 |
16,834,754,160 |
1,355,541,900 |
|
Capital Stock |
400,000,000 |
400,000,000 |
400,000,000 |
|
Capital Surplus |
|
|
|
|
Profit Surplus |
8,568,109,459 |
7,350,171,872 |
9,120,957,574 |
|
Capital Adjustment |
-1,743,737 |
-4,410,557 |
- |
|
Total Equity |
8,966,365,722 |
7,745,761,315 |
9,520,957,574 |
|
Liab. & Shareholder’s Equity |
37,078,586,026 |
34,488,616,548 |
38,814,382,731 |
|
Current Liabilities |
25,371,794,351 |
9,908,101,073 |
27,937,883,257 |
|
Trade Payables |
4,683,638,412 |
4,534,430,140 |
5,672,130,380 |
|
Short-Term Borrowings |
5,000,000,000 |
3,000,000,000 |
5,100,000,000 |
|
Current Portion of Long-Term
Borrowings |
12,166,666,670 |
- |
15,000,000,000 |
|
Account Payables |
1,228,923,353 |
889,101,432 |
882,139,614 |
|
Withholdings |
64,273,870 |
72,354,660 |
57,490,370 |
|
Advance Receipts |
1,980,653,547 |
1,366,338,403 |
1,129,233,564 |
|
Accrued Expenses |
38,341,260 |
45,876,438 |
24,538,159 |
|
Accrued Income Tax |
209,297,239 |
- |
72,351,170 |
|
Fixed Liabilities |
2,740,425,953 |
16,834,754,160 |
1,355,541,900 |
|
Long-Term Borrowings |
833,333,330 |
15,000,000,000 |
- |
|
Leasehold Deposit Received |
841,471,119 |
775,450,000 |
621,950,000 |
|
Provision for Severance & Retirement |
1,212,485,426 |
1,059,304,160 |
733,591,900 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
29,160,584,886 |
28,897,473,765 |
30,882,701,088 |
|
Cost of Sold Goods |
16,177,249,198 |
17,809,325,219 |
18,260,255,889 |
|
Gross Profit |
12,983,335,688 |
11,088,148,546 |
12,622,445,199 |
|
Selling & Admin. Expenses |
9,713,825,232 |
9,296,657,557 |
9,914,732,381 |
|
Operating Income |
3,269,510,456 |
1,791,490,989 |
2,707,712,818 |
|
Non-Operating Income |
269,764,752 |
868,071,947 |
1,054,772,933 |
|
Non-Operating Expenses |
1,304,177,462 |
1,258,863,664 |
1,541,772,558 |
|
Income Before Taxes |
2,235,097,746 |
1,400,699,272 |
2,220,713,193 |
|
Income Taxes Expenses |
217,160,159 |
171,484,974 |
134,026,557 |
|
Net Income |
2,017,937,587 |
1,229,214,298 |
2,086,686,636 |
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Cash Flows from Operating |
3,272,944,324 |
2,401,468,414 |
2,619,658,984 |
|
-Net Income |
2,017,937,587 |
1,229,214,298 |
2,086,686,636 |
|
-Exp. without Cash Outflow |
1,445,017,431 |
1,215,324,378 |
1,299,615,075 |
|
-Revenue without Cash Inflows |
-121,843,573 |
-41,873,272 |
-26,668,013 |
|
-Changes in Asset/ & Liability |
-68,167,121 |
-1,196,990 |
-739,974,714 |
|
Cash Flows from Investing |
-2,713,188,399 |
3,294,514,857 |
-890,953,239 |
|
-Cash Inflow from Investing |
12,551,000 |
6,322,630,777 |
4,126,822,844 |
|
-Cash Outflows for Investing |
-2,725,739,399 |
-3,028,115,920 |
-5,017,776,083 |
|
Cash Flows from Financing |
-800,000,000 |
-5,100,000,000 |
-2,370,000,000 |
|
-Cash Inflows from Financing |
2,000,000,000 |
16,800,000,000 |
- |
|
-Cash Outflows from Financing |
-2,800,000,000 |
-21,900,000,000 |
-2,370,000,000 |
|
Increase/Decrease in Cash |
-240,244,075 |
595,983,271 |
-641,294,255 |
|
Cash at the Beginning of Year |
867,185,419 |
271,202,148 |
912,496,403 |
|
Cash at the End of Year |
626,941,344 |
867,185,419 |
271,202,148 |
|
Main Products & Services |
Capsule Filling Machine Automatic Coating System Rotary Tablet Press |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
Competitors |
KEUMSUNG MACHINERY CO., LTD. 6BA-504, SIHWA INDUSTRIAL COMPLEX, 683-3,
SEONGGOK-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO, KOREA TEL:+82-31-491-5505 FAX:+82-31-491-5504 HL PHARM TECH CO., LTD. 3BA-815, SIHWA INDUSTRIAL COMPLEX, 2180-8,
JEONGWANG 1-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA TEL:+82-31-434-0126~7 FAX:+82-31-433-3157 SHINWHA PHARMA TECH 3RA-202, SIHWA INDUSTRIAL COMPLEX, 1273-1,
JEONGWANG 1-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA TEL:+82-31-434-3240 FAX:+82-31-434-3239 |
|
Affiliates |
SEJONG ENGINEERING CO., LTD.(121111-0130616) SEJONG INDUSTRIAL MACHINERY CO., LTD.(121111-0130616) |
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
|
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
-Insured Company DONGBU INSURANCE CO., LTD.(110111-0095285) |
|
Sales/ Unit :Mil KRW |
2012 |
2011 |
2010 |
|
Export |
|
|
|
|
Domestic |
|
|
|
|
Total |
|
|
|
The subject exports to Asia including India,
Europe, Africa and North America.
Not Available
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
|
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
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.