|
Report Date : |
21.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
YURIM MACHINERY
MFG. CO., LTD. |
|
|
|
|
Registered Office : |
28, Sandan-ro 68beon-gil, Danwon-gu, Ansan-si, Gyeonggi-do, Korea,
10B-56, Banwol Industrial Complex 425-852 |
|
|
|
|
Country : |
Korea (South) |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
21.06.1991 |
|
|
|
|
Com. Reg. No.: |
134-81-12943 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Machinery for Other Textiles, Apparel and Leather
Processing |
|
|
|
|
No. of Employees |
23 |
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 : |
Slow but correct |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Korea (South) |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. South 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. South 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-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,
dominance of large conglomerates (chaebols), and heavy reliance on exports,
which comprise about half of GDP
|
Source
: CIA |
Basic
|
Company Name |
YURIM MACHINERY
MFG. CO., LTD. (Korean Company
Name : “유림산업(주)”) |
|
Registered Address |
28, Sandan-ro 68beon-gil, Danwon-gu,
Ansan-si, Gyeonggi-do, Korea |
|
Building |
10B-56, Banwol Industrial Complex |
|
Zip Code |
425-852 |
|
Tel |
+82-31-495-1140 |
|
Fax |
+82-31-495-1143 |
|
E-mail |
info@rotopia.co.kr |
|
Website |
www.rotopia.co.kr |
|
Trading Address |
10B-56, Banwol Industrial Complex, 28,
Sandan-ro 68beon-gil, Danwon-gu, Ansan-si, Gyeonggi-do, Korea (Old Address System : 10B-56, Banwol
Industrial Complex, 783-2, Wonsi-dong, Danwon-gu, Ansan-si, Gyeonggi-do,
Korea) |
|
Tel |
+82-31-495-1140 |
|
Fax |
+82-31-495-1143 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Machinery for Other Textiles, Apparel and Leather
Processing |
|
Main Business |
Ironing Machine, Embossing Machine, Sammying Machine, Roller Coating
Machine, Crimping Machinery |
|
Established (mm/dd/yyyy) |
06/21/1991 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Leather presses(23141605) |
|
Sell |
Leather preparing machinery and
accessories(23141600) |
|
Sell |
Leather working and repairing machinery and
accessories(23141700) |
|
Buy |
Inverters(32121705) |
|
Buy |
Diodes(32111500) |
|
Buy |
Chains(31151600) |
|
Buy |
Coil(30101900) |
|
Buy |
Switches and controls and relays and
accessories(39121500) |
|
Buy |
Drivetrain systems(25173800) |
|
Buy |
Transmission shafts(26111510) |
|
Buy |
Indicating and recording instruments(41111900) |
|
Buy |
Motors(26101600) |
|
Buy |
Gear units(26111524) |
|
Buy |
Pneumatic cylinders(27131701) |
|
Buy |
Bearings(31171500) |
|
Buy |
Electrical receptacles(39121406) |
|
Buy |
Electrical wire(26121500) |
CEO’s
|
Name |
Lim Kyung-Tae |
|
Address |
Suite 603-205, 1344-1, Sa-dong,
Sangrok-gu, Ansan-si, Gyeonggi-do, Korea |
|
Date of Birth |
01/29/1957 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
300,000,000 |
|
Employees |
23 |
|
Formation |
Co., Ltd by Shares Venture Business |
|
Bank Details |
Woori Bank-Banwol Branch Hana Bank-Shihwa Industrial Complex Branch |
|
Corporate Registered No. |
135011-0034814 |
|
Business Registered No. |
134-81-12943 |
|
Permit & Licenses |
Int’l Trade No.: 21002841 |
|
Shareholder Position |
N/A |
|
Company History |
10/10/1986 Established as YURIM MACHINERY MFG. CO. 06/21/1991 Incorporated as the present name 11/30/1997 Awarded US$ 1 Million Export Top
Prize 02/25/2009 Designated as a Venture Business 02/22/2010 Designated as a Venture Business
again |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Lim Kyung-Tae |
Male |
Korean |
03/17/2008 |
|
Director |
Mr. |
Lim Sang-Woo |
Male |
Korean |
03/17/2008 |
|
Auditor |
M/S. |
Kang Young-Ja |
Female |
Korean |
03/17/2014 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2012 |
8,102,000,000 |
7,405,000,000 |
386,000,000 |
|
2011 |
6,284,000,000 |
7,578,000,000 |
255,000,000 |
|
2010 |
7,009,000,000 |
7,362,000,000 |
289,000,000 |
|
2009 |
6,154,000,000 |
7,386,000,000 |
254,000,000 |
|
2008 |
6,524,000,000 |
7,577,000,000 |
185,000,000 |
|
2007 |
6,154,000,000 |
6,543,000,000 |
254,000,000 |
|
2006 |
5,168,000,000 |
|
|
|
2005 |
5,72,000,000 |
|
|
|
2004 |
5,260,000,000 |
|
|
|
2003 |
5,982,000,000 |
|
|
The 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) |
400,000,000 |
|
Paid-Up Capital(KRW) |
300,000,000 |
|
Total Issued Shares |
30,000 |
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
7,405,000,000 |
7,578,000,000 |
7,362,000,000 |
|
Current Assets |
4,493,000,000 |
4,615,000,000 |
4,319,000,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
2,912,000,000 |
2,963,000,000 |
3,043,000,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
4,329,000,000 |
4,888,000,000 |
4,927,000,000 |
|
Current Liabilities |
1,948,000,000 |
3,846,000,000 |
3,548,000,000 |
|
Fixed Liabilities |
2,381,000,000 |
1,042,000,000 |
1,379,000,000 |
|
Capital Stock |
300,000,000 |
300,000,000 |
300,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
- |
- |
- |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
3,076,000,000 |
2,690,000,000 |
2,435,000,000 |
|
Liab. & Shareholder’s Equity |
7,405,000,000 |
7,578,000,000 |
7,362,000,000 |
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
8,102,000,000 |
6,284,000,000 |
7,009,000,000 |
|
Cost of Sold Goods |
6,524,000,000 |
4,942,000,000 |
5,727,000,000 |
|
Gross Profit |
1,578,000,000 |
1,342,000,000 |
1,282,000,000 |
|
Selling & Admin. Expenses |
946,000,000 |
817,000,000 |
776,000,000 |
|
Operating Income |
632,000,000 |
525,000,000 |
506,000,000 |
|
Non-Operating Income |
90,000,000 |
77,000,000 |
101,000,000 |
|
Non-Operating Expenses |
268,000,000 |
300,000,000 |
270,000,000 |
|
Income Before Taxes |
454,000,000 |
302,000,000 |
336,000,000 |
|
Income Taxes Expenses |
68,000,000 |
47,000,000 |
47,000,000 |
|
Net Income |
386,000,000 |
255,000,000 |
289,000,000 |
|
Main Products & Services |
T/F Ironing & Embossing M/C Sammying M/C Roller coating M/C Brand Name : ROTOPIA |
|
Competitors |
GOLD PRESS CORPORATION 2DA-103, SIHWA INDUSTRIAL COMPLEX, 1258-2,
JEONGWANG 2-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA TEL:+82-31-434-1146~7 FAX:+82-31-434-1148 HYOIL INTERNATIONAL CO., LTD. RM. 628, POONGLIM VIPTEL, 404,
GONGDEOK-DONG, MAPO-GU, SEOUL, KOREA TEL:+82-2-713-6402 FAX:+82-2-713-6404 KUNG IN TEXTILE MACHINERY CO. 361-1, IDONGGYO-RI, SOHOL-EUP, POCHEON-SI,
GYEONGGI-DO, KOREA TEL:+82-31-541-3113 FAX:+82-31-544-3113 HYUNDAI TRADING CO. 1ST FL., 269-7, SANGIL-DONG, GANGDONG-GU,
SEOUL, KOREA TEL:+82-2-426-4494 FAX:+82-2-426-4469 |
The Subject deals
with the companies in Brazil, China, Taiwan, Hong Kong, India, Indonesia,
Vietnam, Syria, Thailand and Europe.
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.74 |
|
|
1 |
Rs.98.77 |
|
Euro |
1 |
Rs.80.52 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
PDT |
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.