|
Report Date : |
12.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
SKY SOFTGEL CO., LTD. |
|
|
|
|
Registered Office : |
34, Eunbong-ro 60beon-gil, Namdong-gu, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
11.07.2003 |
|
|
|
|
Com. Reg. No.: |
131-81-80364 |
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|
|
|
Legal Form : |
Co., Ltd by shares |
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|
|
|
Line of Business : |
Wholesale of Other Industrial Machinery and Equipment |
|
|
|
|
No. of Employees : |
30 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Korea (South) |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
KOREA (SOUTH) - 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 and 2013 the
economy experienced sluggish growth because of market slowdowns in the United
States, China, and the Eurozone. The administration in 2014 is likely to face
the challenge 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 about half of GDP.
|
Source
: CIA |
Basic Information
Basic
|
Company Name |
SKY SOFTGEL CO., LTD. |
|
Registered Address |
34, Eunbong-ro 60beon-gil, Namdong-gu, Incheon, Korea |
|
Building |
25B-5L, Namdong Industrial Complex |
|
Zip Code |
405-849 |
|
Tel |
+82-32-811-5441 |
|
Fax |
+82-32-811-5442 |
|
E-mail |
info@skysoftgel.com;manage@skysoftgel.com |
|
Website |
www.skysoftgel.com |
|
Trading Address |
25B-5L, Namdong Industrial Complex, 34, Eunbong-ro 60beon-gil,
Namdong-gu, Incheon, Korea (Old Address System : 25B-5L, Namdong Industrial Complex, 446-5,
Nonhyeon-dong, Namdong-gu, Incheon, Korea) |
|
Tel |
+82-32-811-5441 |
|
Fax |
+82-32-811-5442 |
|
Type |
Export/Import |
|
Industry |
Wholesale of Other Industrial Machinery and Equipment |
|
Main Business |
Capsule Forming Machines |
|
Established (mm/dd/yyyy) |
07/11/2003 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Packaging machinery(23152900) |
|
Sell |
Cartoning machinery(24102107) |
|
Sell |
Form or fill or seal machinery(23152902) |
|
Sell |
Coating machines(23151502) |
CEO’s
|
Name |
Shim Dong-Bin |
|
Address |
Suite 602-501, 100, Convensia-daero, Yeonsu-gu,
Incheon, Korea |
|
Date of Birth |
01/28/1965 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
50,000,000 |
|
Employees |
30 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
Industrial Bank of Korea-Namdong Industrial
complex 2 Danji Branch |
|
Corporate Registered No. |
120111-0322793 |
|
Business Registered No. |
131-81-80364 |
|
Permit & Licenses |
03/2006 CE Mark 04/2006 ISO 9001 12/2007 ISO 14001 Int’l Trade No.: 45257492 |
|
Shareholder Position |
N/A |
|
Company History |
07/11/2003 Incorporated as the present name 02/14/2006 Moved to the present HQ address
from 670-5, Gojan-dong, Namdong-gu, Incheon, Korea 12/2006 Awarded US$5 Million Export Top
Prize |
|
|
|
Detailed Information
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Shim Dong-Bin |
Male |
Korean |
02/12/2009 |
|
Auditor |
M/S. |
Kim Hwa-Sook |
Female |
Korean |
02/12/2009 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2010 |
6,247,609,000 |
7,264,754,000 |
197,602,000 |
|
2009 |
3,477,306,000 |
5,289,167,000 |
100,000,000 |
|
2008 |
6,816,702,000 |
5,479,831,000 |
696,567,000 |
|
2007 |
4,631,910,000 |
5,214,000,000 |
224,490,000 |
|
2006 |
3,312,000,000 |
4,637,000,000 |
295,660,000 |
|
2005 |
5,381,160,000 |
3,930,000,000 |
432,020,000 |
|
2004 |
2,100,000,000 |
|
|
The full & latest financials are not available,
and the Subject Company does not have any obligations to release its financials
to the public.
Financial
Description
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issues Shares |
10,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
7,264,754,000 |
5,289,167,000 |
5,479,831,000 |
|
Current Assets |
2,977,575,000 |
923,692,000 |
1,647,162,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
4,287,179,000 |
4,365,475,000 |
3,832,669,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
4,504,947,000 |
2,726,962,000 |
3,666,073,000 |
|
Current Liabilities |
3,666,817,000 |
1,612,333,000 |
1,448,304,000 |
|
Fixed Liabilities |
838,130,000 |
1,114,629,000 |
2,217,769,000 |
|
Capital Stock |
50,000,000 |
50,000,000 |
50,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
2,061,360,000 |
1,863,758,000 |
1,763,758,000 |
|
Capital Adjustment |
648,447,000 |
648,447,000 |
- |
|
Total Equity |
2,759,807,000 |
2,562,205,000 |
1,813,758,000 |
|
Liab. & Shareholder’s Equity |
7,264,754,000 |
5,289,167,000 |
5,479,831,000 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
6,247,609,000 |
3,477,306,000 |
6,816,702,000 |
|
Cost of Sold Goods |
4,859,471,000 |
1,498,096,000 |
4,160,862,000 |
|
Gross Profit |
1,388,138,000 |
1,979,210,000 |
2,655,840,000 |
|
Selling & Admin. Expenses |
866,473,000 |
890,675,000 |
1,519,061,000 |
|
Operating Income |
521,665,000 |
1,088,535,000 |
1,136,779,000 |
|
Non-Operating Income |
15,043,000 |
105,652,000 |
26,129,000 |
|
Non-Operating expenses |
317,735,000 |
1,083,005,000 |
372,150,000 |
|
Income Before Taxes |
218,973,000 |
111,182,000 |
790,758,000 |
|
Income Taxes Expenses |
21,371,000 |
11,182,000 |
94,191,000 |
|
Net Income |
197,602,000 |
100,000,000 |
696,567,000 |
Products,
Technologies, Services Description
|
Main Products & Services |
Softgel Encapsulation Machine Multi Counter Blister Packaging Machine |
Trade Partners
& Competitors
|
Competitors |
INNOTECH SYSTEMS LTD. RM. 726, KOPOMO TECHNO CENTER 2-CHA,
1298-6, JEONGWANG 1-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA TEL:+82-31-434-7007 FAX:+82-31-434-7447 HOONG A CORPORATION 83-4, DODANG-DONG, WONMI-GU, BUCHEON-SI,
GYEONGGI-DO, KOREA TEL:+82-32-682-4355 FAX:+82-32-675-1525 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 |
Sales by Region
(Activity & Markets)
The Subject exports to Europe, Middle East,
Asia, Oceania, North America, and South America.
News Clipping
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.12 |
|
|
1 |
Rs.103.54 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
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|
Report Prepared
by : |
NIS |
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.