|
Report Date : |
18.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
YOUNG CHEMICAL CO., LTD. |
|
|
|
|
Registered Office : |
31, Chodong-gil, Yangsan-si, Gyeongsangnam-do, Korea |
|
|
|
|
Country : |
Korea (South) |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
20.06.1986 |
|
|
|
|
Com. Reg. No.: |
621-81-09170 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Pharmaceutical Goods Other Than Medicaments |
|
|
|
|
No. of Employees : |
52 |
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 – 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 |
YOUNG CHEMICAL CO., LTD. |
|
Registered Address |
31, Chodong-gil, Yangsan-si, Gyeongsangnam-do, Korea |
|
Zip Code |
626-280 |
|
Tel |
+82-55-365-1361 |
|
Fax |
+82-55-367-9523 |
|
E-mail |
yc@youngchemical.co.kr |
|
Website |
www.youngchemical.co.kr |
|
Trading Address |
31, Chodong-gil, Yangsan-si, Gyeongsangnam-do, Korea (Old Address System : 904-7, Soju-dong, Yangsan-si, Gyeongsangnam-do,
Korea) |
|
Tel |
+82-55-365-1361 |
|
Fax |
+82-55-367-9523 |
|
Other Address |
Rm.302, 371-16, Gasan-dong, Geumcheon-gu, Seoul, Korea |
|
Other Address |
Suite 401/405, 88, Somang-gil,
Juchon-myeon, Gimhae-si, Gyeongsangnam-do, Korea |
|
Type |
Export/Import |
|
Industry |
Manufacture of Pharmaceutical Goods Other Than Medicaments |
|
Main Business |
First Aid Strips |
|
Established (mm/dd/yyyy) |
06/20/1986 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Bandages or dressings for general use(42311505) |
|
Sell |
Nonwoven fabrics(11162200) |
|
Sell |
Shoe accessories(53112000) |
|
Sell |
Shoe insoles(46182208) |
|
Sell |
Bandages and dressings and related products(42311500) |
|
Sell |
Sterilization instrument bands(42281906) |
|
Buy |
Polyvinyl Chloride PVC(13102030) |
CEO’s
|
Name |
Youn Han-Sung |
|
Address |
Suite 101-1501, 197, Haeundaehaebyeon-ro,
Haeundae-gu, Busan, Korea |
|
Date of Birth |
04/01/1971 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
100,000,000 |
|
Employees |
52 |
|
Formation |
Co., Ltd by Shares Venture Business |
|
Bank Details |
Busan Bank-Woongsang Branch Woori Bank-Yongho Dong Branch |
|
Corporate Registered No. |
184511-0001715 |
|
Business Registered No. |
621-81-09170 |
|
Permit & Licenses |
1998 ISO 9002 2002 CE Mark 2002 ISO 9001 08/14/2007 ISO 9001 08/24/2007 CE Mark Int’l Trade No.: 616793 |
|
Shareholder Position |
N/A |
|
Company History |
06/20/1986 Incorporated as the present name 06/03/2006 Designated as a Venture Business 11/2011 Awarded US$ 3 Million Export Top
Prize 05/28/2013 Designated as a Venture Business
again 05/31/2013 Designated as an INNO-BIZ
Company |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Youn Han-Sung |
Male |
Korean |
06/01/2012 |
|
Director |
Mr. |
Youn Young-Hyun |
Male |
Korean |
03/28/2008 |
|
Auditor |
Mr. |
Youn Han-Seok |
Male |
Korean |
07/01/2013 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2012 |
8,214,000,000 |
9,575,000,000 |
380,000,000 |
|
2011 |
10,283,000,000 |
9,956,000,000 |
2,515,000,000 |
|
2010 |
8,117,000,000 |
8,444,000,000 |
1,549,000,000 |
|
2009 |
6,930,000,000 |
|
|
|
2008 |
5,319,000,000 |
|
|
Financial
Description
|
Authorized Capital(KRW) |
400,000,000 |
|
Paid-Up Capital(KRW) |
100,000,000 |
|
Total Issued Shares |
10,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
9,575,000,000 |
9,956,000,000 |
8,444,000,000 |
|
Current Assets |
8,214,000,000 |
7,190,000,000 |
6,439,000,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
1,361,000,000 |
2,766,000,000 |
2,005,000,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
329,000,000 |
1,092,000,000 |
2,094,000,000 |
|
Current Liabilities |
141,000,000 |
855,000,000 |
1,591,000,000 |
|
Fixed Liabilities |
188,000,000 |
237,000,000 |
503,000,000 |
|
Capital Stock |
100,000,000 |
100,000,000 |
100,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
- |
- |
- |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
9,246,000,000 |
8,864,000,000 |
6,350,000,000 |
|
Liab. & Shareholder’s Equity |
9,575,000,000 |
9,956,000,000 |
8,444,000,000 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
8,214,000,000 |
10,283,000,000 |
8,117,000,000 |
|
Cost of Sold Goods |
6,010,000,000 |
6,392,000,000 |
4,955,000,000 |
|
Gross Profit |
2,204,000,000 |
3,891,000,000 |
3,162,000,000 |
|
Selling & Admin. Expenses |
1,530,000,000 |
1,758,000,000 |
1,575,000,000 |
|
Operating Income |
674,000,000 |
2,133,000,000 |
1,587,000,000 |
|
Non-Operating Income |
335,000,000 |
705,000,000 |
340,000,000 |
|
Non-Operating Expenses |
293,000,000 |
194,000,000 |
266,000,000 |
|
Income Before Taxes |
717,000,000 |
2,644,000,000 |
1,661,000,000 |
|
Income Taxes Expenses |
337,000,000 |
129,000,000 |
112,000,000 |
|
Net Income |
380,000,000 |
2,515,000,000 |
1,549,000,000 |
Products,
Technologies, Services Description
|
Main Products & Services |
First Aid Strips Brand Name : SOMADERM, ADFLEX |
Trade Partners
& Competitors
|
Suppliers |
WOORI CHEMICAL CO., LTD.(KOREA) GOMUNDANG PRINTING CO., LTD.(KOREA) |
|
Customers |
JW PHARMACEUTICAL CORPORATION(110111-0019342) DONG-A PHARMACEUTICAL CO., LTD.(110111-5079739) HENKEL HOMECARE KOREA LTD.(1101140-051190) |
|
Competitors |
EVERAID CO., LTD. 246, SOJU-DONG, YANGSAN-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-363-2122 FAX:+82-55-363-4683 KB CHEM CO., LTD. 45-6, TAPWON-RI, BYEONGCHEON-MYEON,
DONGNAM-GU, CHEONAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-564-0031 FAX:+82-41-564-0030 S&F INC. 3RD FL., VENTURE TOWN BLDG., 447-1,
MANDEOK-DONG, BUK-GU, BUSAN, KOREA TEL:+82-51-335-1110 FAX:+82-51-335-1181 |
Sales by Region
(Activity & Markets)
The Subject deals with the companies in
Russia, Mexico and China.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.95 |
|
|
1 |
Rs.104.02 |
|
Euro |
1 |
Rs.84.95 |
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.