.
|
Report Date : |
28.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
AMPELOS ENTERPRISE CO., LTD. |
|
|
|
|
Registered Office : |
151, Gasan digital 1-ro, Geumcheon-gu, Seoul, Korea, Rm. 406, Inno Plex 1-cha, Zip Code 153-803 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
31.10.1996 |
|
|
|
|
Com. Reg. No.: |
214-86-11755 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Wholesaler of other industrial machinery and equipment such as farm machine, optic appliance, electronic components, auto parts & medical equipment |
|
|
|
|
No. of Employees : |
33 |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
AMPELOS ENTERPRISE CO., LTD. (Korean Company Name : “(주)암펠로스엔터프라이즈”) |
|
Registered Address |
151, Gasan digital
1-ro, Geumcheon-gu, Seoul, Korea |
|
Building |
Rm. 406, Inno Plex
1-cha |
|
Zip Code |
153-803 |
|
Tel |
+82-2-6679-0159 |
|
Fax |
+82-2-6679-0147 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
Rm. 406, Inno Plex
1-cha, 151, Gasan digital 1-ro, Geumcheon-gu, Seoul, Korea (Old Address System
: Rm. 406, Inno Plex 1-cha, 371-47, Gasan-dong, Geumcheon-gu, Seoul, Korea) |
|
Tel |
+82-2-6679-0120 |
|
Fax |
+82-2-6679-0123 |
|
Other Address-Guro
Branch |
Rm.301-905, Yesung
Utopia, 187-4, Guro-dong, Guro-gu, Seoul, Korea |
|
Type |
Export |
|
Industry |
Wholesale of Other
Industrial Machinery and Equipment |
|
Main Business |
Farm Machine, Optic
Appliance, Electronic Components, Auto Parts & Medical Equipment |
|
Sub Business |
Sale of Other Motor
Vehicle New Parts and Accessories |
|
Established
(mm/dd/yyyy) |
10/31/1996 |
The Subject Company occupies
the premises of registered HQ address by leasing base.
|
Activity |
Detailed Products
(UNSPSC) |
|
Sell |
Measuring and
observing and testing instruments(41110000) |
|
Sell |
Ophthalmic visual
function analyzers(42183021) |
|
Sell |
Ophthalmic
diagnostic exam products(42183000) |
|
Name |
Kim Dong-Woo |
|
Address |
Suite 302-1001,
193, Dongnam-ro, Songpa-gu, Seoul, Korea |
|
Date of Birth |
10/27/1962 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
150,000,000 |
|||||||||
|
Employees |
33 |
|||||||||
|
Formation |
Co., Ltd by shares |
|||||||||
|
Bank Details |
Korea Exchange
Bank-Gangseo Branch Shinhan Bank |
|||||||||
|
Corporate
Registered No. |
110111-1336711 |
|||||||||
|
Business Registered
No. |
214-86-11755 |
|||||||||
|
Permit &
Licenses |
Int’l Trade No.:
11329262 |
|||||||||
|
Shareholder
Position |
|
|||||||||
|
Company History |
10/31/1996
Incorporated as the present name 12/03/2002 Disorganized
by the Commercial Law(2-1, The Article 520) 06/07/2003
Continued the Corporate Business again 10/23/2008 Moved to
the present HQ address from 890-31, Daechi-dong, Gangnam-gu, Seoul, Korea 11/2008 Awarded
US$10 Million Export Top Prize |
|||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kim Dong-Woo |
Male |
Korean |
10/25/2010 |
|
Director |
Mr. |
Cho Gap-Dong |
Male |
Korean |
10/25/2013 |
|
Auditor |
Mr. |
Park Keun-Ho |
Male |
Korean |
06/19/2009 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2012 |
32,266,069,700 |
23,519,924,724 |
2,695,601,725 |
|
2011 |
41,137,982,851 |
17,750,715,731 |
1,481,469,836 |
|
2010 |
31,406,000,000 |
7,739,000,000 |
2,457,000,000 |
|
2009 |
18,015,000,000 |
7,840,000,000 |
2,565,000,000 |
|
2008 |
11,470,000,000 |
3,737,000,000 |
292,620,000 |
|
2007 |
12,825,780,000 |
3,154,000,000 |
236,630,000 |
|
2006 |
7,754,550,000 |
3,998,000,000 |
153,590,000 |
|
2005 |
7,094,790,000 |
2,856,000,000 |
88,000,000 |
|
Authorized
Capital(KRW) |
200,000,000 |
|
Paid-Up
Capital(KRW) |
150,000,000 |
|
Total Issues Shares |
30,000 |
Balance
Sheet
|
|||
|
Unit :
Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
23,519,924,724 |
17,750,715,731 |
7,739,000,000 |
|
Current Assets |
22,163,249,757 |
16,242,443,528 |
6,519,000,000 |
|
-Quick Assets |
18,053,985,815 |
13,212,212,283 |
|
|
-Inventories |
4,109,263,942 |
3,030,231,245 |
|
|
Fixed Assets |
1,356,674,967 |
1,508,272,203 |
1,220,000,000 |
|
-Investment |
510,960,000 |
478,760,000 |
|
|
-Tangibles |
510,274,500 |
618,989,169 |
|
|
-Intangibles |
13,817,567 |
38,500,134 |
|
|
-Others |
321,622,900 |
372,022,900 |
|
|
Total Liabilities |
17,068,165,618 |
13,994,558,350 |
1,641,000,000 |
|
Current Liabilities |
16,978,165,618 |
13,924,334,794 |
1,557,000,000 |
|
Fixed Liabilities |
90,000,000 |
70,223,556 |
84,000,000 |
|
Capital Stock |
150,000,000 |
150,000,000 |
150,000,000 |
|
Capital Surplus |
|
|
- |
|
Profit Surplus |
6,301,759,106 |
3,606,157,381 |
- |
|
Capital Adjustment |
|
|
- |
|
Total Equity |
6,451,759,106 |
3,756,157,381 |
6,098,000,000 |
|
Liab. & Shareholder’s
Equity |
23,519,924,724 |
17,750,715,731 |
7,739,000,000 |
|
Current Liabilities |
16,978,165,618 |
13,924,334,794 |
|
|
Trade
Payables |
4,703,253,688 |
4,546,440,997 |
|
|
Account
Payables |
- |
1,454,939 |
|
|
Withholdings |
24,511,130 |
37,779,710 |
|
|
Advance
Receipts |
213,670,874 |
46,803,183 |
|
|
Accrued
Income Tax |
50,035,437 |
412,180,968 |
|
|
Accrued
Expenses |
11,986,694,489 |
8,879,674,997 |
|
|
Fixed Liabilities |
90,000,000 |
70,223,556 |
|
|
Leasehold
Deposit Received |
90,000,000 |
70,000,000 |
|
|
Provision
for Severance & Retirement |
- |
248,779,608 |
|
Income
Statement
|
|||
|
Unit :
Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
32,266,069,700 |
41,137,982,851 |
31,406,000,000 |
|
Cost of Sold Goods |
19,238,722,857 |
26,530,240,109 |
22,827,000,000 |
|
Gross Profit |
13,027,346,843 |
14,607,742,742 |
8,579,000,000 |
|
Selling & Admin. Expenses |
9,522,019,359 |
10,661,079,177 |
4,360,000,000 |
|
Operating Income |
3,505,327,484 |
3,946,663,565 |
4,219,000,000 |
|
Non-Operating
Income |
1,227,510,239 |
492,449,132 |
585,000,000 |
|
Non-Operating
Expenses |
1,684,754,985 |
2,224,006,853 |
1,638,000,000 |
|
Income Before Taxes |
3,048,082,738 |
2,215,105,844 |
3,166,000,000 |
|
Income Taxes
Expenses |
352,481,013 |
733,636,008 |
709,000,000 |
|
Net Income |
2,695,601,725 |
1,481,469,836 |
2,457,000,000 |
Cash
Flows
|
|||
|
Unit :
Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Cash Flows from
Operating |
685,074,018 |
2,172,581,668 |
|
|
-Net Income |
2,695,601,725 |
1,481,469,836 |
|
|
-Exp. without Cash
Outflow |
738,421,627 |
300,476,959 |
|
|
-Revenue without
Cash Inflows |
-711,015,660 |
-7,309,271 |
|
|
-Changes in Asset/
& Liability |
-2,037,933,674 |
397,944,144 |
|
|
Cash Flows from
Investing |
1,457,123,134 |
-2,598,074,622 |
|
|
-Cash Inflow from
Investing |
1,492,641,134 |
71,540,000 |
|
|
-Cash Outflows for
Investing |
-35,518,000 |
-2,669,614,622 |
|
|
Cash Flows from
Financing |
- |
-113,890,000 |
|
|
-Cash Inflows from
Financing |
- |
- |
|
|
-Cash Outflows from
Financing |
- |
-113,890,000 |
|
|
Increase/Decrease
in Cash |
2,142,197,152 |
-539,382,954 |
|
|
Cash at the Beginning
of Year |
884,525,255 |
1,423,908,209 |
|
|
Cash at the End of
Year |
3,026,722,407 |
884,525,255 |
|
|
Main Products &
Services |
Auto Refractor
Keratometer Chart Projector Digital Refractor Farm Machine Optic Appliance Electronic
Components Auto Parts |
|
Suppliers |
HYUNDAI HEAVY
INDUSTRIES CO., LTD.(181211-0000386) KPE(130111-0062181) SCIENCE TERRA CO.,
LTD.(KOREA) |
|
Competitors |
UNITECH PRECISION
INSTRUMENT INC. 1ST FL., UNITECH
BLDG., 1126-3, HWAGOK 6-DONG, GANGSEO-GU, SEOUL, KOREA TEL:+82-2-2607-4211 FAX:+82-2-2607-7009 SHINKWANG I & C
CO., LTD. 5-4, DANG-DONG,
GUNPO-SI, GYEONGGI-DO, KOREA TEL:+82-31-456-3882~3 FAX:+82-31-456-3884 DONGYANG OPTICS
CO., LTD. 2ND FL., 41-7,
WONMI-DONG, WONMI-GU, BUCHEON-SI, GYEONGGI-DO, KOREA TEL:+82-32-613-4317 FAX:+82-32-613-4319 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
SCIENCE TERRA CO.,
LTD.(KOREA) (66.67% held by the subject company) TRINEX MEDITECH
CO., LTD.(110111-3997058) AMPELOS HITECH CO.,
LTD.(110111-3618068) AMPELOS E&C
CO., LTD.(110111-3996753) AMPELOS
LATINAMERICA S.A |
|
Subsidiary |
FUALEN
CO., LTD. (100.0% held by the subject company) |
|
Cooperative
Enterprise |
-Insured Company LIG INSURANCE CO.,
LTD.(110111-0017859) |
(Activity &
Markets)
The Subject exports
to Middle and South America including Cuba, Panama and Venezuela. It imports
from China.
No.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.71 |
|
UK Pound |
1 |
Rs.103.50 |
|
Euro |
1 |
Rs.85.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.