|
Report Date : |
08.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
T.P.M. CO., LTD. |
|
|
|
|
Registered Office : |
12, Seongseogongdannam-ro 19-gil, Dalseo-gu, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
13.01.2003 |
|
|
|
|
Com. Reg. No.: |
503-81-59256 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Printing and Writing Paper |
|
|
|
|
No. of Employees : |
80 |
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 |
|
Maximum Credit Limit : |
USD 200,000 |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 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 |
T.P.M. CO., LTD. |
|
Registered Address |
12, Seongseogongdannam-ro 19-gil, Dalseo-gu, Daegu, Korea |
|
Zip Code |
704-832 |
|
Tel |
+82-53-555-0488 |
|
Fax |
+82-53-555-0487 |
|
E-mail |
tpm@tpm21.com;tpmmoney@tpm21.net |
|
Website |
www.tpm21.com |
|
Trading Address |
12, Seongseogongdannam-ro 19-gil, Dalseo-gu, Daegu, Korea (Old Address System : 1-72, Woram-dong, Dalseo-gu, Daegu, Korea) |
|
Tel |
+82-53-555-0488 |
|
Fax |
+82-53-555-0487 |
|
Other Address-Branch |
20, Seongseogongdannam-ro 19-gil, Dalseo-gu, Daegu, Korea |
|
Type |
Export/Import |
|
Industry |
Manufacture of Printing and Writing Paper |
|
Main Business |
Inkjet Textile Media, Film Printing Media, Advertisement Materials,
Machinery |
|
Established (mm/dd/yyyy) |
01/13/2003 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Transparency film(44103118) |
|
Sell |
Lamination film(44102001) |
|
Sell |
Still picture film(45131500) |
|
Sell |
Films(13111200) |
|
Sell |
Printer or copier paper(14111507) |
CEO’s
|
Name |
Lee Sang-Ki |
|
Address |
Suite 101-2102, 10, Joamnam-ro, Dalseo-gu,
Daegu, Korea |
|
Date of Birth |
12/29/1968 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
250,000,000 |
||||||||||||||||||
|
Employees |
80 |
||||||||||||||||||
|
Formation |
Co., Ltd by Shares |
||||||||||||||||||
|
Bank Details |
Industrial Bank of Korea-Jukjeon Dong
Branch Korea Exchange Bank |
||||||||||||||||||
|
Corporate Registered No. |
170111-0240143 |
||||||||||||||||||
|
Business Registered No. |
503-81-59256 |
||||||||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 13105459 |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
01/13/2003 Incorporated as the present name 06/16/2004 Increased capital to 250,000,000
KRW from 50,000,000 KRW 07/16/2008 Moved to the present HQ address
from 614-1, Daecheon-dong, Dalseo-gu, Daegu, Korea 10/18/2009 Split off the par value to 500
KRW from 10,000 KRW 10/18/2009 Increased the authorized shares
to 5,000,000 shares from 100,000 shares |
||||||||||||||||||
|
Credit Limit |
USD 200,000 |
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Lee Sang-Ki |
Male |
Korean |
04/01/2010 |
|
Director |
Mr. |
Lee Sang-Jin |
Male |
Korean |
01/13/2006 |
|
Director |
M/S. |
Shin Yeon-Mi |
Female |
Korean |
01/13/2006 |
|
Auditor |
M/S. |
Kim Sun-Ah |
Female |
Korean |
01/13/2006 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2012 |
16,298,415,363 |
15,518,716,033 |
515,679,639 |
|
2011 |
15,169,071,622 |
15,127,868,716 |
214,770,761 |
|
2010 |
14,829,008,722 |
13,725,961,064 |
222,006,331 |
|
2009 |
12,050,113,448 |
13,448,846,319 |
814,539,956 |
|
2008 |
14,779,022,626 |
11,119,856,174 |
-11,993,321 |
Financial Description
|
Authorized Capital(KRW) |
2,500,000,000 |
|
Paid-Up Capital(KRW) |
250,000,000 |
|
Total Issued Shares |
500,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
15,518,716,033 |
15,127,868,716 |
13,725,961,064 |
|
Current Assets |
8,859,287,879 |
8,477,744,851 |
6,733,538,592 |
|
-Quick Assets |
5,381,117,630 |
4,840,227,857 |
3,972,163,015 |
|
-Inventories |
3,478,170,249 |
3,637,516,994 |
2,761,375,577 |
|
Fixed Assets |
6,659,428,154 |
6,650,123,865 |
6,992,422,472 |
|
-Investment |
499,080,245 |
352,697,107 |
493,835,445 |
|
-Tangibles |
6,053,375,310 |
6,179,454,159 |
6,355,485,291 |
|
-Intangibles |
53,466,599 |
69,466,599 |
94,595,736 |
|
-Others |
53,506,000 |
48,506,000 |
48,506,000 |
|
Total Liabilities |
10,988,423,387 |
11,113,255,709 |
9,926,118,818 |
|
Current Liabilities |
8,994,307,585 |
8,874,669,892 |
6,510,962,823 |
|
Fixed Liabilities |
1,994,115,802 |
2,238,585,817 |
3,415,155,995 |
|
Capital Stock |
250,000,000 |
250,000,000 |
250,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
2,541,285,374 |
2,025,605,735 |
1,810,834,974 |
|
Capital Adjustment |
1,739,007,272 |
1,739,007,272 |
1,739,007,272 |
|
Total Equity |
4,530,292,646 |
4,014,613,007 |
3,799,842,246 |
|
Liab. & Shareholder’s Equity |
15,518,716,033 |
15,127,868,716 |
13,725,961,064 |
|
Current Liabilities |
8,994,307,585 |
8,874,669,892 |
6,510,962,823 |
|
Trade Payables |
1,619,820,229 |
1,790,336,661 |
1,330,748,589 |
|
Short-Term Borrowings |
6,000,000,000 |
4,800,000,000 |
3,500,000,000 |
|
Account Payables |
4,964,720 |
34,446,620 |
33,715,770 |
|
Withholdings |
14,089,820 |
14,048,050 |
17,972,750 |
|
VAT Withhold |
37,001,960 |
31,245,420 |
28,065,660 |
|
Advance Receipts |
27,343,716 |
81,745,165 |
99,201,588 |
|
Accrued Expenses |
246,707,964 |
151,730,688 |
143,873,907 |
|
Current Portion of Debentures |
- |
500,000,000 |
- |
|
Short-Term Borrowings to Shareholders/ Executives/ Employees |
322,506,048 |
433,506,048 |
494,879,048 |
|
Current Portion of Long-Term Debts |
721,873,128 |
1,037,611,240 |
862,505,511 |
|
Fixed Liabilities |
1,994,115,802 |
2,238,585,817 |
3,415,155,995 |
|
Debentures |
350,000,000 |
- |
500,000,000 |
|
Long-Term Borrowings |
1,469,327,815 |
1,972,825,676 |
2,652,341,591 |
|
Leasehold Deposit Received |
40,000,000 |
40,000,000 |
40,000,000 |
|
Provision for Severance & Retirement |
365,490,345 |
416,754,349 |
365,512,362 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
16,298,415,363 |
15,169,071,622 |
14,829,008,722 |
|
Cost of Sold Goods |
14,126,630,143 |
13,085,638,074 |
12,661,593,168 |
|
Gross Profit |
2,171,785,220 |
2,083,433,548 |
2,167,415,554 |
|
Selling & Admin. Expenses |
1,469,011,403 |
1,491,714,748 |
1,574,608,667 |
|
Operating Income |
702,773,817 |
591,718,800 |
592,806,887 |
|
Non-Operating Income |
316,239,488 |
134,790,941 |
179,618,402 |
|
Non-Operating Expenses |
503,333,666 |
511,738,980 |
522,193,249 |
|
Income Before Taxes |
515,679,639 |
214,770,761 |
250,232,040 |
|
Income Taxes Expenses |
- |
- |
28,225,709 |
|
Net Income |
515,679,639 |
214,770,761 |
222,006,331 |
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Cash Flows from Operating |
309,098,481 |
-271,528,798 |
384,398,497 |
|
-Net Income |
515,679,639 |
214,770,761 |
222,006,331 |
|
-Exp. without Cash Outflow |
429,886,490 |
518,493,926 |
660,369,851 |
|
-Revenue without Cash Inflows |
-206,941,799 |
-1,059,161 |
-45,503,070 |
|
-Changes in Asset/ & Liability |
-429,525,849 |
-1,003,734,324 |
-452,474,615 |
|
Cash Flows from Investing |
-2,744,412 |
-511,561,631 |
-520,407,992 |
|
-Cash Inflow from Investing |
771,000,000 |
96,330,000 |
35,145,336 |
|
-Cash Outflows for Investing |
-773,744,412 |
-607,891,631 |
-555,553,328 |
|
Cash Flows from Financing |
326,705,826 |
666,274,066 |
159,965,301 |
|
-Cash Inflows from Financing |
1,735,130,952 |
2,816,468,325 |
1,840,000,000 |
|
-Cash Outflows from Financing |
-1,408,425,126 |
-2,150,194,259 |
-1,680,034,699 |
|
Increase/Decrease in Cash |
633,059,895 |
-116,816,363 |
23,955,806 |
|
Cash at the Beginning of Year |
527,074,462 |
643,890,825 |
619,935,019 |
|
Cash at the End of Year |
1,160,134,357 |
527,074,462 |
643,890,825 |
Products,
Technologies, Services Description
|
Main Products & Services |
Inkjet Textile Media, Film Printing Media, Advertisement Materials,
Machinery |
Trade Partners
& Competitors
|
Competitors |
SFC CO., LTD. 456-3, GONG-RI, GUHANG-MYEON,
HONGSEONG-GUN, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-632-0700 FAX:+82-41-634-1177 T & G KOREA CO., LTD. 838-4, NAE-RI, GUJI-MYEON, DALSEONG-GUN,
DAEGU, KOREA TEL:+82-53-616-8411 FAX:+82-53-616-1127 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
POINT ENGINEERING CO., LTD.(KOREA) FADI(KOREA) |
|
Cooperative Enterprise |
-Insured company MERITZ FIRE & MARINE INSURANCE CO., LTD.(110111-0013328) LIG INSURANCE CO., LTD.(110111-0017859) |
Sales by Region
(Activity & Markets)
Not Available.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.32 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.84.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.