|
Report No. : |
330468 |
|
Report Date : |
03.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
NEXTURN CO., LTD. |
|
|
|
|
Registered Office : |
35, Giheungdanji-ro 121beon-gil, Giheung-gu, Yongin-si, Gyeonggi-do |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.03.2015 |
|
|
|
|
Date of Incorporation : |
18.07.2000 |
|
|
|
|
Com. Reg. No.: |
135-81-39760 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Metal Cutting Machines |
|
|
|
|
No. of Employees : |
58 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. 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 slow growth due to sluggish domestic consumption and investment. 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. In an effort to address the long term challenges and sustain economic growth, the current government has prioritized structural reforms, deregulation, promotion of entrepreneurship and creative industries, and the competitiveness of small and medium enterprises.
|
Source
: CIA |
Basic
|
Company Name |
NEXTURN CO.,
LTD. (Korean Company Name : “(주)넥스턴”) |
|
Registered Address |
35, Giheungdanji-ro 121beon-gil, Giheung-gu, Yongin-si, Gyeonggi-do,
Korea |
|
Building |
|
|
Zip Code |
446-901 |
|
Tel |
+82-31-288-2088 |
|
Fax |
+82-31-288-2094 |
|
E-mail |
intc@nexturn.co.kr |
|
Website |
www.nexturn.co.kr |
|
Trading
Address |
35, Giheungdanji-ro 121beon-gil,
Giheung-gu, Yongin-si, Gyeonggi-do, Korea (Old Address System : 400-29, Gomae-dong, Giheung-gu, Yongin-si,
Gyeonggi-do, Korea) |
|
Tel |
+82-31-288-2020~1 |
|
Fax |
+82-31-288-2094 |
|
Other
Address-Nambu Branch |
6-27, Paryong-dong, Uichang-gu, Changwon-si, Gyeongsangnam-do, Korea |
|
Tel |
|
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Manufacture
of Metal Cutting Machines |
|
Main Business |
CNC
Automatic Lathe,6 Axis Automatic Lathe |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
07/18/2000 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Lathes(23171606) |
CEO’s
|
Name |
Moon
Hong-Ki |
|
Address |
|
|
Date of Birth |
03/11/1948 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
2,900,000,000 |
|||||||||||||||||||||
|
Employees |
58 |
|||||||||||||||||||||
|
Formation |
Listed
Company (KOSDAQ : 089140) as of 11/01/2006 |
|||||||||||||||||||||
|
Bank Details |
Shinhan Bank |
|||||||||||||||||||||
|
Corporate Registered No. |
134511-0042264 |
|||||||||||||||||||||
|
Business Registered No. |
135-81-39760 |
|||||||||||||||||||||
|
Permit & Licenses |
12/19/2000 CE Mark(SA-16/20) 12/09/2002 CE Mark(SA-32) Int’l
Trade No.: 11654193 |
|||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||
|
Company History |
07/18/2000 Incorporated as KMT CO., LTD. 04/01/2004 Changed company name to the
present name 04/30/2007 Designated as an INNO-BIZ Company 10/19/2007 Moved to the present HQ address from 234, Gomae-dong,
Giheung-gu, Yongin-si, Gyeonggi-do, Korea 11/30/2007 Awarded US$ 10 Million Export
Top Prize |
|||||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
President
& CEO |
Mr. |
Moon Hong-Ki |
Korean |
1948.03.11 |
Chungang University, Korea |
|
Director |
Mr. |
Moon Woong-Sang |
Korean |
1975.11.15 |
Yonsei University, Korea |
|
Outside
Director |
Mr. |
Kim Dong-Ki |
Korean |
1951.04. |
Korea University, Korea |
|
Auditor |
Mr. |
Lee Jae-Hoon |
Korean |
1949.09.12 |
Buyeo High, Korea |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)03/2015 |
3,721,390,510 |
32,637,480,742 |
48,102,460 |
|
(*)2014 |
20,512,028,453 |
33,483,188,832 |
3,200,425,812 |
|
(*)2013 |
22,017,748,846 |
30,594,123,468 |
2,843,876,052 |
|
(*)2012 |
21,342,061,410 |
28,408,117,598 |
2,432,506,155 |
|
(*)2011 |
27,402,406,121 |
30,761,086,642 |
3,078,865,276 |
|
2010 |
25,112,116,848 |
25,913,670,936 |
2,501,185,198 |
|
2009 |
11,876,343,774 |
22,787,616,329 |
1,095,882,369 |
|
2008 |
14,181,207,595 |
21,117,014,618 |
2,059,518,850 |
(*)Figures are based
on the K-IFRS Accounting System.
Financial
Description
|
Authorized Capital(KRW) |
8,000,000,000 |
|
Paid-Up Capital(KRW) |
2,900,000,000 |
|
Total Issued Shares |
5,800,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
01/01/2015~03/31/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Total Assets |
32,637,480,742 |
33,483,188,832 |
30,594,123,468 |
|
Current Assets |
24,503,076,435 |
25,332,555,420 |
22,293,645,253 |
|
Cash & Cash Equivalents |
9,492,839,097 |
10,390,485,401 |
4,539,645,980 |
|
Trade Receivables |
3,545,372,157 |
3,807,449,294 |
7,251,598,232 |
|
Current Financial Instruments |
3,096,222,483 |
3,167,846,889 |
3,163,410,265 |
|
Other Current Assets |
46,608,687 |
25,759,489 |
25,959,569 |
|
Inventories |
8,322,034,011 |
7,941,014,347 |
7,313,031,207 |
|
Non-Current Assets |
8,134,404,307 |
8,150,633,412 |
8,300,478,215 |
|
Other Financial Assets |
285,400,000 |
285,400,000 |
100,400,000 |
|
Tangibles |
7,108,512,998 |
7,129,156,281 |
7,439,031,309 |
|
Intangibles |
353,278,801 |
364,300,701 |
437,388,301 |
|
Deferred Income Tax Assets |
387,212,508 |
371,776,430 |
323,658,605 |
|
Total Liabilities |
3,995,970,917 |
4,407,187,067 |
4,142,622,879 |
|
Current Liabilities |
2,962,978,020 |
3,439,683,245 |
3,342,297,016 |
|
Trade Payables |
1,400,583,007 |
2,084,189,379 |
1,846,613,028 |
|
Account Payables |
334,111,071 |
430,950,816 |
571,173,452 |
|
Other Current Liabilities |
868,606,785 |
353,667,277 |
355,462,538 |
|
Other Current Financial Debts |
25,013,833 |
27,860,541 |
30,815,297 |
|
Deferred Income Tax Credit |
314,512,074 |
522,344,232 |
491,377,826 |
|
Provision
for Sales Guarantee |
20,151,250 |
20,671,000 |
46,854,875 |
|
Non-Current
Liabilities |
1,032,992,897 |
967,503,822 |
800,325,863 |
|
Confirmed Salaries |
1,032,992,897 |
967,503,822 |
800,325,863 |
|
Capital
Stock |
2,900,000,000 |
2,900,000,000 |
2,900,000,000 |
|
Capital Surplus |
6,480,000,000 |
6,480,000,000 |
6,480,000,000 |
|
Capital Adjustment |
-3,957,912,185 |
-3,957,912,185 |
-3,957,912,185 |
|
Profit Surplus |
23,219,422,010 |
23,653,913,950 |
21,029,412,774 |
|
Total Equity |
28,641,509,825 |
29,076,001,765 |
26,451,500,589 |
|
Liab. & Shareholder’s Equity |
32,637,480,742 |
33,483,188,832 |
30,594,123,468 |
Income
Statement
|
|||
|
Unit : Korean Won |
01/01/2015~03/31/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Sales |
3,721,390,510 |
20,512,028,453 |
22,017,748,846 |
|
Cost of Sold Goods |
2,197,537,606 |
13,359,662,943 |
15,492,316,876 |
|
Gross Profit |
1,523,852,904 |
7,152,365,510 |
6,525,431,970 |
|
Selling & Admin. Expenses |
776,424,405 |
3,098,377,453 |
3,060,257,079 |
|
Operating Income |
747,428,499 |
4,053,988,057 |
3,465,174,891 |
|
Other Income |
5,081,673 |
45,474,245 |
128,327,123 |
|
Other Expenses |
233,131,039 |
130,925,859 |
108,774,511 |
|
Finance Income |
20,007,717 |
151,969,979 |
189,646,934 |
|
Finance Expenses |
494,011,097 |
43,588,606 |
57,152,897 |
|
Income Before Taxes |
45,375,753 |
4,076,917,816 |
3,617,221,540 |
|
Income Taxes Expenses |
-2,726,707 |
876,492,004 |
773,345,488 |
|
Net Income |
48,102,460 |
3,200,425,812 |
2,843,876,052 |
Cash Flows
|
|||
|
Unit : Korean Won |
01/01/2015~03/31/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Operating
Activities Cash Flows |
-356,435,215 |
6,478,339,127 |
1,105,960,050 |
|
Cash Flows from Operating |
-135,893,686 |
7,213,743,315 |
1,512,175,794 |
|
Income Taxes |
-220,541,529 |
-867,319,503 |
-572,003,435 |
|
Interests Paid |
|
-1,869,303 |
-12,176,964 |
|
Interests Received |
|
133,784,618 |
177,964,655 |
|
Cash Flows from Investing |
-47,200,000 |
-110,067,708 |
-26,976,849 |
|
Cash Flows from Financing |
|
-482,594,400 |
-619,463,430 |
|
Increase/Decrease in Cash |
-403,635,215 |
5,885,677,019 |
459,519,771 |
|
Cash at the Beginning of Year |
10,390,485,401 |
4,539,645,980 |
4,116,340,118 |
|
Cash at the End of Year |
9,492,839,097 |
10,390,485,401 |
4,539,645,980 |
|
Main Products & Services |
CNC
Automatic Lathe,6 Axis Automatic Lathe |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
Competitors |
HANWHA TECHM CO., LTD.(194211-0056095) 59, SEONGSAN-DONG, SEONGSAN-GU, CHANGWON-SI, GYEONGSANGNAM-DO, KOREA TEL:+82-55-280-8835 FAX:+82-55-280-4664 DAEHO CO., LTD. 22-14, PARYONG-DONG, UICHANG-GU, CHANGWON-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-299-1945 FAX:+82-55-299-1944 |
|
Sales/ Unit :Mil KRW |
03/2015 |
2014 |
2013 |
|
Export |
1,998 |
13,190 |
8,194 |
|
Domestic |
1,723 |
7,322 |
13,823 |
|
Total |
3,721 |
20,512 |
22,017 |
The Subject imports
from Japan.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.57 |
|
|
1 |
Rs. 99.20 |
|
Euro |
1 |
Rs. 70.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
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.