MIRA INFORM REPORT

 

 

Report No. :

323871

Report Date :

22.05.2015

 

IDENTIFICATION DETAILS

 

Name :

HANSHIN INDUS CO., LTD.

 

 

Registered Office :

90, Centum jungang-ro, Haeundae-gu, Busan, Korea, Rm.2201, QBE Centum Bldg., 618-817

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

23.09.2009

 

 

Com. Reg. No.:

606-86-19091

 

 

Legal Form :

Company Limited By Shares

 

 

Line of Business :

Manufacture of Metal Fasteners and Screw Products

 

 

No. of Employees :

28

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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)

 

 

 

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

- ECONOMIC OVERVIEW

 

 

Source : CIA


Basic Information

 

Company Name

HANSHIN INDUS CO., LTD.

(Korean Company Name : “()한신인더스”)

Registered Address

90, Centum jungang-ro, Haeundae-gu, Busan, Korea

Building

Rm.2201, QBE Centum Bldg.

Zip Code

618-817

Tel

+82-51-832-1051~2

Fax

+82-51-832-1053

E-mail

hsi1051@hanmail.net

Website

www.hanshinindus.com

Trading Address

Rm.2201, QBE Centum Bldg., 90, Centum jungang-ro, Haeundae-gu, Busan, Korea

(Old Address System : Rm.2201, QBE Centum Bldg., 1212, Jaesong-dong, Haeundae-gu, Busan, Korea)

Tel

+82-51-832-1051~2

Fax

+82-51-832-1053

Other Address

 

Tel

 

Fax

 

Type

Export/Import

Industry

Manufacture of Metal Fasteners and Screw Products

  Main Business

Flanges, Nozzle, Tube Sheet

  Sub Business

 

Established (mm/dd/yyyy)

09/23/2009

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Pipe flanges(40142400)

Sell

Nozzles(40141731)

Sell

Tube and tubing(31231300)

 

 

CEO’s

 

Name

Park Tae-Jong

Address

Suite 102-2402, 30, Haeundaehaebyeon-ro, Haeundae-gu, Busan, Korea

Date of Birth

01/02/1971

Title

President & CEO

Sex

Male

Nationality

Korean

 


Profiles

 

Capital (KRW)

1,200,000,000

Employees

28

Formation

Co., Ltd by Shares

Venture Business

Bank Details

N/A

Corporate Registered No.

180111-0688292

Business Registered No.

606-86-19091

Permit & Licenses

08/20/2012 ISO 14001

08/20/2012 ISO 9001

Shareholder Position

Name

Shares

%

PARK TAE-JONG

90,000

75.00

KIM SOOK-HEE

30,000

25.00

TOTAL

120,000

100.00

Company History

09/23/2009 Incorporated as JUWON INDUS CO., LTD.

03/29/2012 Changed company name to the present name

10/09/2012 Increased the authorized shares to 300,000 shares from 80,000 shares

10/23/2012 Increased capital to 1,200,000,000 KRW from 1,000,000,000 KRW

07/24/2013 Designated as a Venture Business

02/04/2015 Moved to the present HQ address from 31-19, Noksansaneopjung-ro, Gangseo-gu, Busan, Korea (Old Address System : 1458-4, Songjeong-dong, Gangseo-gu, Busan, Korea)

 

 

 

 

Detailed Information

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Park Tae-Jong

Male

Korean

09/23/2012

Director

Mr.

Kim Sung-Kon

Male

Korean

10/09/2012

Director

Mr.

Lee Sun-Kyung

Male

Korean

01/08/2015

Auditor

Mr.

Han Jung-Hoon

Male

Korean

05/02/2014

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2014

4,639,009,000

6,789,303,000

211,509,000

2013

4,240,089,000

6,907,577,000

279,139,000

2012

912,950,000

4,503,031,000

8,752,000

2011

104,495,000

3,434,082,000

-404,135,000

2010

93,789,000

3,743,179,000

-260,016,000

2009

0

3,037,000,000

-64,000,000

Financial Description

 

Authorized Capital(KRW)

3,000,000,000

Paid-Up Capital(KRW)

1,200,000,000

Total Issued Shares

120,000

 

Balance Sheet

Unit : Korean Won

As of 12/31/2014

As of 12/31/2013

As of 12/31/2012

Total Assets

6,789,303,000

6,907,577,000

4,503,031,000

Current Assets

2,500,359,000

2,829,101,000

1,099,259,000

-Quick Assets

-

-

-

-Inventories

-

-

-

Fixed Assets

4,288,944,000

4,078,476,000

3,403,772,000

-Investment

-

-

-

-Tangibles

-

-

-

-Intangibles

-

-

-

Total Liabilities

5,818,674,000

6,148,457,000

4,023,050,000

Current Liabilities

2,778,708,000

2,842,007,000

1,000,050,000

Fixed Liabilities

3,039,966,000

3,306,450,000

3,023,000,000

Capital Stock

1,200,000,000

1,200,000,000

1,200,000,000

Capital Surplus

-

-

-

Profit Surplus

-229,371,000

-440,880,000

-720,019,000

Capital Adjustment

-

-

-

Total Equity

970,629,000

759,120,000

479,981,000

Liab. & Shareholder’s Equity

6,789,303,000

6,907,577,000

4,503,031,000

 

Income Statement

Unit : Korean Won

As of 12/31/2014

As of 12/31/2013

As of 12/31/2012

Sales

4,639,009,000

4,240,089,000

912,950,000

Cost of Sold Goods

3,603,376,000

3,257,701,000

640,833,000

Gross Profit

1,035,633,000

982,388,000

272,117,000

Selling & Admin. Expenses

660,422,000

539,390,000

116,231,000

Operating Income

375,211,000

442,998,000

155,886,000

Non-Operating Income

120,837,000

70,557,000

15,995,000

Non-Operating Expenses

283,955,000

232,969,000

161,744,000

Income Before Taxes

212,093,000

280,586,000

10,137,000

Income Taxes Expenses

584,000

1,447,000

1,385,000

Net Income

211,509,000

279,139,000

8,752,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Flanges, Nozzle, Tube Sheet

Detailed Products Spec.

 

Technologies Acquired

 

 

Trade Partners & Competitors

 

Suppliers

 

Customers

 

Competitors

PYUNG HWA ANTI-VIBRATION SYSTEM CO., LTD.

29-17, BONRI-RI, NONGONG-EUP, DALSEONG-GUN, DAEGU, KOREA

TEL:+82-53-610-7000  FAX:+82-53-615-0566

 

SKF KOREA CO., LTD.

1171, JISA-DONG, GANGSEO-GU, BUSAN, KOREA

TEL:+82-51-970-2401  FAX:+82-51-970-2498

 

KOREA SINTERED METAL CO., LTD.

DALSEONG INDUSTRIAL COMPLEX, 29-10, BONRI-RI, NONGONG-EUP, DALSEONG-GUN, DAEGU, KOREA

TEL:+82-53-610-0700  FAX:+82-53-610-0701

 

SCHAEFFLER KOREA CORPORATION

452-9, NAE-DONG, CHANGWON-SI, GYEONGSANGNAM-DO, KOREA

TEL:+82-55-280-8700  FAX:+82-55-280-7890

 

 

Sales by Region (Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

------

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.70

UK Pound

1

Rs.98.92

Euro

1

Rs.70.67

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

TPT

 

               

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.