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Report No. : |
318686 |
|
Report Date : |
23.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
BISTOS CO., LTD. |
|
|
|
|
Registered Office : |
302, Galmachi-ro,
Jungwon-gu, Seongnam-si, Gyeonggi-do, 7th Fl., A-dong, Seongnam Woolim Lion`s
Valley 5-cha, Korea - 462-739 |
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|
|
|
Country : |
South Korea |
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|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
27.08.2001 |
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|
|
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Com. Reg. No.: |
120-86-25954 |
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|
|
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Legal Form : |
Co., Ltd by Shares |
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|
|
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Line of Business : |
Manufacture of Other Medical and Surgical Equipment and Orthopedic
Appliances n.e.c. |
|
|
|
|
No. of Employees : |
37 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
SOUTH KOREA - ECONOMIC
OVERVIEW
South Korea over the past four decades has demonstrated incredible economic 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. A system of close government and business ties, including directed credit and import restrictions, initially 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 7% 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 over 6% growth in 2010. The US-Korea Free Trade Agreement was ratified by both governments in 2011 and went into effect in March 2012. Between 2012 and 2014, the economy experienced sluggish growth because of external market slowdowns. The administration in 2015 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 the heavy reliance on exports, which comprise about half of GDP.
|
Source
: CIA |
|
Company Name |
BISTOS CO., LTD. |
|
Registered Address |
302,
Galmachi-ro, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Building |
7th Fl., A-dong, Seongnam Woolim Lion`s Valley 5-cha |
|
Zip Code |
462-739 |
|
Tel |
+82-31-750-0340 |
|
Fax |
+82-31-750-0344 |
|
E-mail |
bistos@bistos.co.kr |
|
Website |
www.bistos.co.kr |
|
Trading Address |
7th Fl., A-dong, Seongnam Woolim Lion`s
Valley 5-cha, 302, Galmachi-ro, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea (Old Address System : 7th Fl., A-dong, Seongnam
Woolim Lion`s Valley 5-cha, 144-3, Sangdaewon 1-dong, Jungwon-gu,
Seongnam-si, Gyeonggi-do, Korea) |
|
Tel |
+82-31-750-0340 |
|
Fax |
+82-31-750-0344 |
|
Other Address |
|
|
Tel |
|
|
Fax |
|
|
Type |
Export |
|
Industry |
Manufacture of Other Medical and Surgical Equipment and Orthopedic
Appliances n.e.c. |
|
Main Business |
Fetal Doppler, Fetal Monitor |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
08/27/2001 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Fetal or gynecological ultrasound or echo units(42201702) |
|
Buy |
Electrical wire(26121500) |
|
Buy |
Liquid crystal display LCD panels or monitors(43211902) |
|
Buy |
Rubber and elastomers(13100000) |
|
Buy |
Electrical receptacles(39121406) |
|
Buy |
Light emitting diodes LEDs(32111503) |
|
Buy |
Power supply units(39121004) |
|
Buy |
Bare printed circuit boards(32131010) |
|
Buy |
Direct current DC motors(26101603) |
|
Name |
Lee Hoo-Jeong |
|
Address |
Suite 108-102, 119, Hyeonchung-ro,
Dongjak-gu, Seoul, Korea |
|
Date of Birth |
09/24/1963 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
310,000,000 |
||||||||||||||||||||||||||||||
|
Employees |
37 |
||||||||||||||||||||||||||||||
|
Formation |
Co., Ltd by Shares |
||||||||||||||||||||||||||||||
|
Bank Details |
Nonghyup Bank |
||||||||||||||||||||||||||||||
|
Corporate Registered No. |
110111-2317653 |
||||||||||||||||||||||||||||||
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Business Registered No. |
120-86-25954 |
||||||||||||||||||||||||||||||
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Permit & Licenses |
09/17/2009 ISO 9001 04/20/2009 CE Mark 08/16/2007 CE Mark 08/12/2004 ISO 9001 07/29/2002 ISO 9001 Int’l Trade No.: 11994725 |
||||||||||||||||||||||||||||||
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Shareholder Position |
|
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Company History |
08/27/2001 Incorporated as the present name 05/06/2008 Designated as an INNO-BIZ Company 10/28/2009 Designated as a Venture Business 11/04/2013 Designated as a Venture Business
again 12/2013 Acquired BISTOS HEALTHCARE CO., LTD. |
||||||||||||||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Lee Hoo-Jeong |
Male |
Korean |
08/27/2004 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2014 |
|
|
|
|
2013 |
7,887,913,000 |
5,932,728,000 |
217,858,000 |
|
2012 |
6,025,830,000 |
5,957,090,000 |
431,113,000 |
|
2011 |
5,246,005,000 |
4,847,920,000 |
632,440,000 |
|
2010 |
4,222,838,000 |
2,470,531,000 |
580,793,000 |
|
2009 |
3,954,803,000 |
1,916,177,000 |
571,576,000 |
The latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
|
Authorized Capital(KRW) |
5,000,000,000 |
|
Paid-Up Capital(KRW) |
310,000,000 |
|
Total Issued Shares |
62,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Total Assets |
5,932,728,000 |
5,957,090,000 |
4,847,920,000 |
|
Current Assets |
3,276,919,000 |
3,124,809,000 |
2,226,849,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
2,655,809,000 |
2,832,281,000 |
2,621,071,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
3,053,311,000 |
3,214,532,000 |
2,474,475,000 |
|
Current Liabilities |
721,783,000 |
862,944,000 |
455,836,000 |
|
Fixed Liabilities |
2,331,528,000 |
2,351,588,000 |
2,018,639,000 |
|
Capital Stock |
310,000,000 |
360,000,000 |
360,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
2,569,417,000 |
2,382,558,000 |
2,013,445,000 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
- |
- |
- |
|
Liab. & Shareholder’s Equity |
2,879,417,000 |
2,742,558,000 |
2,373,445,000 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Sales |
7,887,913,000 |
6,025,830,000 |
5,246,005,000 |
|
Cost of Sold Goods |
4,429,908,000 |
2,737,036,000 |
2,397,978,000 |
|
Gross Profit |
3,458,005,000 |
3,288,794,000 |
2,848,027,000 |
|
Selling & Admin. Expenses |
3,373,186,000 |
3,092,643,000 |
2,749,873,000 |
|
Operating Income |
84,819,000 |
196,151,000 |
98,154,000 |
|
Non-Operating Income |
336,076,000 |
410,634,000 |
658,138,000 |
|
Non-Operating Expenses |
203,037,000 |
174,165,000 |
122,870,000 |
|
Income Before Taxes |
217,858,000 |
432,620,000 |
633,422,000 |
|
Income Taxes Expenses |
- |
1,507,000 |
982,000 |
|
Net Income |
217,858,000 |
431,113,000 |
632,440,000 |
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Cash Flows from Operating |
|
|
|
|
-Net Income |
|
|
|
|
-Exp. without Cash Outflow |
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|
|
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-Revenue without Cash Inflows |
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-Changes in Asset/ & Liability |
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Cash Flows from Investing |
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|
|
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-Cash Inflow from Investing |
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|
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-Cash Outflows for Investing |
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Cash Flows from Financing |
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|
|
|
-Cash Inflows from Financing |
|
|
|
|
-Cash Outflows from Financing |
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|
|
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Increase/Decrease in Cash |
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|
|
|
Cash at the Beginning of Year |
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|
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Cash at the End of Year |
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Main Products & Services |
Fetal Doppler, Fetal Monitor |
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Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
Competitors |
M.I.TECH CO., LTD. 241-3, HABUK-RI, JINWI-MYEON,
PYEONGTAEK-SI, GYEONGGI-DO, KOREA TEL:+82-31-662-5645 FAX:+82-31-662-5648 HANMI MEDITECH INC. RM. 122, MEDICAL EQUIPMENT INDUSTRIAL
COMPLEX, 1720-26, TAEJANG-DONG, WONJU-SI, GANGWON-DO, KOREA TEL:+82-33-734-1811 FAX:+82-33-734-1812 E-WHA BIOMEDICS CO., LTD. 1-4, MYEONGNYUNDONG 1-GA, JONGNO-GU, SEOUL,
KOREA TEL:+82-2-2055-3820 FAX:+82-2-2055-3819 |
The Subject exports
to Germany, Mexico, USA, Japan, China and Thailand.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.82 |
|
|
1 |
Rs.93.85 |
|
Euro |
1 |
Rs.67.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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.