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|
|
MIRA
INFORM REPORT
|
Report No. : |
499506 |
|
Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TAE KWANG INDUSTRIAL CO., LTD. |
|
|
|
|
Registered Office : |
310, Dongho-ro, Jung-gu, Seoul |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2017 |
|
|
|
|
Date of Incorporation : |
15.09.1961 |
|
|
|
|
Com. Reg. No.: |
203-81-43626 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
·
Export/Import Man-Made Fibers
Spinning Wholesale of Fibers and Yarns and Textiles PTA, AN, PROPYLENE, ACR,
NYLON, SPANDEX ·
Polyester Yarn, Textile
Fabrics, Petrochemistry Product, Amplifier |
|
|
|
|
No. of Employees : |
1,370 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
South Korea |
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 |
SOUTH
KOREA - ECONOMIC OVERVIEW
After emerging from the 1950-53 war with North Korea, South Korea emerged as one of the 20th century’s most remarkable economic success stories, becoming a developed, globally connected, high-technology society within decades. In the 1960s, GDP per capita was comparable with levels in the poorest countries in the world. In 2004, South Korea joined the trillion-dollar club of world economies.
Beginning in the 1960s under President PARK Chung-hee, the government promoted the import of raw materials and technology, encouraged saving and investment over consumption, kept wages low, and directed resources to export-oriented industries that remain important to the economy to this day. Growth surged under these policies, and frequently reached double-digits in the 1960s and 1970s. Growth gradually moderated in the 1990s as the economy matured, but remained strong enough to propel South Korea into the ranks of the advanced economies of the OECD by 1997. These policies also led to the emergence of family-owned chaebol conglomerates such as Daewoo, Hyundai, and Samsung, which retained their dominant positions even as the government loosened its grip on the economy amid the political changes of the 1980s and 1990s.
The Asian financial crisis of 1997-98 hit South Korea’s companies hard because of their excessive reliance on short-term borrowing, and GDP ultimately plunged by 7% in 1998. South Korea tackled difficult economic reforms following the crisis, including restructuring some chaebols, increasing labor market flexibility, and opening up to more foreign investment and imports. These steps lead to a relatively rapid economic recovery. South Korea also began expanding its network of free trade agreements to help bolster exports, and has since implemented 16 free trade agreements covering 58 countries—including the United State and China—that collectively cover more than three-quarters of global GDP.
In 2017, the election of President MOON Jae-in brought a surge in consumer confidence, in part, because of his successful efforts to increase wages and government spending. These factors combined with an uptick in export growth to drive real GDP growth to more than 3%, despite disruptions in South Korea’s trade with China over the deployment of a US missile defense system in South Korea.
In 2018 and beyond, South Korea will contend with gradually slowing economic growth - in the 2-3% range - not uncommon for advanced economies. This could be partially offset by efforts to address challenges arising from its rapidly aging population, inflexible labor market, continued dominance of the chaebols, and heavy reliance on exports rather than domestic consumption. Socioeconomic problems also persist, and include rising inequality, poverty among the elderly, high youth unemployment, long working hours, low worker productivity, and corruption.
|
Source
: CIA |
Basic Information
Basic
|
Company Name |
TAE KWANG INDUSTRIAL CO., LTD. |
|
Registered Address |
310, Dongho-ro, Jung-gu, Seoul, Korea |
|
Building |
|
|
Zip Code |
04616 |
|
Tel |
+82-2-3406-0300 |
|
Fax |
+82-2-2273-9166 |
|
E-mail |
gen@taekwang.co.kr |
|
Website |
www.taekwang.co.kr |
|
Trading Address |
310, Dongho-ro, Jung-gu, Seoul, Korea (Old Address System : 162-1, Jangchungdong
2-ga, Jung-gu, Seoul, Korea(P.O.BOX 1173)) |
|
Tel |
+82-2-3406-0300 |
|
Fax |
+82-2-2273-9166 |
|
Other Address-Gyeongju Factory |
1069, Hwangseong-dong, Gyeongju-si,
Gyeongsangbuk-do,Korea |
|
Tel |
+82-54-776-2511 |
|
Fax |
+82-54-776-0334 |
|
Other Address-Banyeo Factory |
202-13, Seonsuchon-ro, Haeundae-gu, Busan,
Korea (Old Address System : 161, Banyeo-dong,
Haeundae-gu, Busan, Korea) |
|
Tel |
+82-51-522-4031 |
|
Fax |
+82-51-523-1276 |
|
Other Address-Anyang Factory |
53, Jeonpa-ro, Manan-gu, Anyang-si,
Gyeonggi-do, Korea (Old Address System : 191-1, Anyang 7-dong,
Manan-gu, Anyang-si, Gyeonggi-do, Korea) |
|
Tel |
+82-31-467-8700 |
|
Fax |
+82-31-443-3654 |
|
Other Address-Ulsan Factory |
304, Saneop-ro, Nam-gu, Ulsan, Korea (Old Address System : 221, Seonam-dong,
Nam-gu, Ulsan, Korea) |
|
Tel |
+82-52-272-7211 |
|
Fax |
+82-52-269-4587 |
|
Other Address-Gumi Factory |
269, Gongdan-dong, Gumi-si,
Gyeongsangbuk-do, Korea |
|
Tel |
+82-54-463-4632 |
|
Fax |
+82-54-464-1324 |
|
Other Address-Petrochemical 1 Factory |
353-1, Yeocheon-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-259-8615 |
|
Fax |
+82-52-260-6258 |
|
Other Address-Petrochemical 2 Factory |
355-10, Yeocheon-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-259-8670 |
|
Fax |
+82-52-260-6259 |
|
Other Address-Ungsang Factory |
6, Soju-ri, Ungsang-eup, Yangsan-si,
Gyeongsangnam-do, Korea |
|
Tel |
+82-55-385-2393 |
|
Fax |
+82-55-385-2393 |
|
Other Address-Sinpyeong Factory |
653-4, Sinpyeong-dong, Saha-gu, Busan,
Korea |
|
Tel |
+82-51-204-0161 |
|
Fax |
+82-51-202-7556 |
|
Other Address-Busan Factory |
1840, Jungang-daero, Geumjeong-gu, Busan,
Korea (Old Address System : 90, Guseo-dong,
Geumjeong-gu, Busan, Korea) |
|
Tel |
+82-51-582-3871 |
|
Fax |
+82-51-935-5497 |
|
Other Address |
Hungkuk Life Insurance Bldg., 226, Sinmunno
1-ga, Jongno-gu, Seoul, Korea |
|
Tel |
+82-2-3406-0300 |
|
Fax |
|
|
Other Address-Daegu Factory |
2041-27, Bisan-dong, Seo-gu, Daegu, Korea |
|
Tel |
+82-53-356-0567 |
|
Fax |
+82-53-353-3346 |
|
Other Address-R&D Center |
462-3, Jeonmin-dong,
Yuseong-gu, Daejeon, Korea |
|
Tel |
+82-42-866-1000 |
|
Fax |
+82-42-862-2330 |
|
Other Address |
11, Paju-ri, Paju-eup, Paju-si, Gyeonggi-do,
Korea (Old Address System : 82, Pabal-ro
81beon-gil, Paju-eup, Paju-si, Gyeonggi-do, Korea) |
|
Tel |
|
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Man-Made Fibers Spinning Wholesale of Fibers and Yarns and Textiles |
|
Main Business |
PTA, AN, PROPYLENE, ACR, NYLON, SPANDEX |
|
Sub
Business |
Polyester Yarn, Textile Fabrics,
Petrochemistry Product, Amplifier |
|
Established (mm/dd/yyyy) |
09/15/1961 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Nylon fibers(11151502) |
|
Sell |
Chemicals including Bio Chemicals and Gas
Materials(12000000) |
|
Sell |
Fibers(11151500) |
|
Sell |
Wool yarn(11151701) |
|
Sell |
Cotton yarn(11151702) |
|
Sell |
Audio and visual equipment(52161500) |
|
Sell |
Personal communication devices(43191500) |
|
Sell |
Blankets(52121508) |
|
Sell |
Radio access equipment(43221705) |
|
Sell |
Home stereo systems(52161510) |
|
Sell |
Synthetic fabrics(11161800) |
|
Sell |
Wool fabrics(11161600) |
|
Sell |
Acrylic fibers(11151504) |
CEO’s
|
Name |
Hong Hyun-Min |
|
Date of Birth |
11/21/1956 |
|
Title |
Vice President & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
5,567,000,000 |
|||||||||||||||||||||||||||
|
Employees |
1,370 |
|||||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange :
003240) as of 12/27/1975 A Company of TAEKWANG INDUSTRIAL GROUP |
|||||||||||||||||||||||||||
|
Bank Details |
Shinhan Bank-Toeikyei Ro Branch |
|||||||||||||||||||||||||||
|
Corporate Registered No. |
110111-0185276 |
|||||||||||||||||||||||||||
|
Business Registered No. |
203-81-43626 |
|||||||||||||||||||||||||||
|
Permit & Licenses |
03/1994 ISO 9002 Int’l Trade No.: 670870 |
|||||||||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||||||||
|
Company History |
09/15/1961 Incorporated as the present name |
Detailed Information
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
Vice Chairman |
Shim Jae-Hyuck |
Korean |
04/18/1947 |
03/20/2015 |
|
Vice President & CEO |
Hong Hyun-Min |
Korean |
11/21/1956 |
03/18/2016 |
|
Outside Director / Auditor |
Lee Jae-Hyun |
Korean |
08/03/1963 |
03/20/2015 |
|
Outside Director / Auditor |
Kim Oh-Young |
Korean |
11/03/1960 |
03/18/2016 |
|
Outside Director / Auditor |
Hong Sung-Tae |
Korean |
09/05/1962 |
03/24/2017 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2017 |
1,940,253,080,454 |
2,786,335,879,471 |
72,912,434,639 |
|
2016 |
1,703,181,028,934 |
2,597,594,636,568 |
-6,225,572,454 |
|
2015 |
1,814,429,006,823 |
2,545,069,165,110 |
30,491,756,805 |
|
2014 |
2,142,940,483,621 |
2,566,879,309,484 |
-328,873,434 |
|
2013 |
2,519,640,790,406 |
2,780,789,694,727 |
29,478,836,808 |
|
2012 |
2,809,979,959,222 |
2,694,812,595,132 |
-31,976,603,449 |
|
2011 |
3,154,925,682,706 |
2,764,784,725,022 |
224,898,481,866 |
|
2010 |
2,581,819,258,311 |
2,163,180,768,272 |
282,494,764,655 |
|
2009 |
1,963,651,327,768 |
1,829,994,599,767 |
342,556,620,065 |
|
2008 |
1,832,383,517,042 |
1,684,339,730,789 |
-53,472,478,264 |
|
2007 |
1,266,798,817,948 |
1,670,152,983,614 |
40,888,543,428 |
|
2006 |
1,207,678,313,592 |
1,605,823,030,981 |
-52,559,772,812 |
|
2005 |
1,236,915,858,740 |
1,631,743,079,265 |
22,407,066,832 |
|
2004 |
1,306,233,997,555 |
1,622,574,991,302 |
70,147,093,476 |
|
2003 |
1,150,093,278,437 |
1,505,534,949,899 |
33,241,219,508 |
Financial
Description
|
Authorized Capital(KRW) |
8,000,000,000 |
|
Paid-Up Capital(KRW) |
5,567,000,000 |
|
Total Issues Shares |
1,113,400 |
|
Balance
Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Total
Assets |
2,786,335,879,471 |
2,597,594,636,568 |
2,545,069,165,110 |
|
Current
Assets |
1,249,494,976,296 |
1,049,726,201,424 |
960,786,274,341 |
|
Cash
& Cash Equivalents |
110,604,069,097 |
191,595,198,798 |
266,351,033,470 |
|
Short-Term
Receivables |
139,446,812,125 |
464,574,608,125 |
296,620,812,125 |
|
Marketable Financial Instruments |
- |
250,000 |
- |
|
Finance Assets from this year's Income |
521,052,814,790 |
- |
|
|
Trade Receivables |
301,827,807,832 |
234,866,175,014 |
208,820,242,337 |
|
Other
Receivables |
1,760,837,924 |
4,320,251,650 |
27,170,466,713 |
|
Inventories |
153,124,223,008 |
137,289,912,413 |
147,306,831,455 |
|
Other
Current Assets |
21,678,411,520 |
17,079,805,424 |
14,516,888,241 |
|
Non-Current
Assets |
1,536,840,903,175 |
1,547,868,435,144 |
1,584,282,890,769 |
|
Non-Current
Financial Instruments |
205,180,872,825 |
159,479,377,235 |
158,445,893,880 |
|
Investment_Related
Companies |
575,173,634,971 |
568,174,793,131 |
569,246,321,417 |
|
Tangibles |
410,590,432,674 |
563,478,953,174 |
678,898,868,528 |
|
Investment_Real
Estates |
196,212,044,683 |
93,943,545,968 |
93,218,768,622 |
|
Intangibles |
42,857,447,743 |
42,569,612,936 |
42,748,078,483 |
|
Other Receivables |
87,645,673,335 |
84,329,651,323 |
24,905,655,124 |
|
Other
Non-Current Assets |
4,103,100,904 |
6,173,248,264 |
9,985,639,586 |
|
Deferred
Income Taxes |
15,077,696,040 |
29,719,253,113 |
6,833,665,129 |
|
Total
Liabilities |
502,834,068,858 |
416,907,453,268 |
365,112,242,567 |
|
Current
Liabilities |
354,251,907,431 |
291,580,726,823 |
264,796,263,395 |
|
Trade Payables |
224,806,846,908 |
192,613,644,343 |
171,496,833,694 |
|
Short-Term
Borrowings |
7,493,457,587 |
10,734,509,609 |
27,313,099,398 |
|
Other Payables |
30,878,856,849 |
34,794,404,584 |
35,279,518,887 |
|
Other
Current Liabilities |
32,821,453,050 |
23,364,237,059 |
22,722,382,041 |
|
Deferred
Income Tax Credit |
54,537,631,197 |
30,073,931,228 |
7,984,429,375 |
|
Derivatives |
3,713,661,840 |
- |
|
|
Non-Current
Liabilities |
148,582,161,427 |
125,326,726,445 |
100,315,979,172 |
|
Long-Term Trade Payables |
8,562,501,018 |
6,652,467,016 |
6,769,659,403 |
|
Confirmed
Salaries |
11,530,171,985 |
9,073,904,316 |
10,129,147,220 |
|
Other
Non-Current Liabilities |
128,489,488,424 |
109,600,355,113 |
83,417,172,549 |
|
Capital
Stock |
5,567,000,000 |
5,567,000,000 |
5,567,000,000 |
|
Capital
Surplus |
11,312,374,006 |
11,312,374,006 |
11,312,374,006 |
|
Capital
Adjustment |
-114,947,968,675 |
-114,947,968,675 |
-114,947,968,675 |
|
Others |
81,682,537,733 |
47,040,804,075 |
38,005,489,495 |
|
Profit
Surplus |
2,299,887,867,549 |
2,231,714,973,894 |
2,240,020,027,717 |
|
Total
Equity |
2,283,501,810,613 |
2,180,687,183,300 |
2,179,956,922,543 |
|
Liab.
& Shareholder’s Equity |
2,786,335,879,471 |
2,597,594,636,568 |
2,545,069,165,110 |
|
Income
Statement |
|||
|
Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Sales |
1,940,253,080,454 |
1,703,181,028,934 |
1,814,429,006,823 |
|
Cost
of Sold Goods |
1,737,733,708,646 |
1,568,306,483,901 |
1,701,264,870,331 |
|
Gross
Profit |
202,519,371,808 |
134,874,545,033 |
113,164,136,492 |
|
Selling
& Admin. Expenses |
94,784,436,946 |
91,657,182,713 |
106,669,765,712 |
|
Operating
Income |
107,734,934,862 |
43,217,362,320 |
6,494,370,780 |
|
Other
Income |
35,239,219,213 |
46,861,083,916 |
36,384,799,194 |
|
Other
Expenses |
49,558,152,796 |
117,194,462,192 |
30,336,742,781 |
|
Finance
Income |
47,591,382,451 |
56,781,694,484 |
50,495,139,126 |
|
Finance
Expenses |
17,848,615,505 |
33,154,080,852 |
26,683,046,012 |
|
Income
Before Taxes |
123,158,768,225 |
-3,488,402,324 |
36,354,520,307 |
|
Income
Taxes Expenses |
50,246,333,586 |
2,737,170,130 |
5,862,763,502 |
|
Net
Income |
72,912,434,639 |
-6,225,572,454 |
30,491,756,805 |
|
Cash
Flows |
|||
|
Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Operating
Activities Cash Flows |
152,320,965,487 |
168,627,656,063 |
199,093,903,521 |
|
Net
Income |
72,912,434,639 |
-6,225,572,454 |
30,491,756,805 |
|
Adjustment |
105,140,467,725 |
139,859,653,490 |
82,456,449,969 |
|
Changes
in Asset/ & Liability |
-43,766,990,650 |
4,112,508,376 |
58,382,232,078 |
|
Interests
Received |
14,289,129,270 |
10,740,982,457 |
10,824,951,688 |
|
Dividends
Received |
25,039,455,700 |
22,695,368,210 |
18,473,772,605 |
|
Interests
Paid |
-135,619,093 |
-171,296,212 |
-460,016,328 |
|
Income
Taxes |
-21,157,912,104 |
-2,383,987,804 |
-1,075,243,296 |
|
Cash
Flows from Investing |
-227,593,920,753 |
-226,452,824,005 |
-117,549,779,811 |
|
Cash
Flows from Financing |
-5,696,660,181 |
-17,726,216,490 |
-26,011,952,254 |
|
Increase/Decrease
in Cash |
-80,969,615,447 |
-75,551,384,432 |
55,532,171,456 |
|
Cash
at the Beginning of Year |
191,595,198,798 |
266,351,033,470 |
210,696,754,463 |
|
Cash
at the End of Year |
110,604,069,097 |
191,595,198,798 |
266,351,033,470 |
Products, Technologies, Services Description
|
Main Products & Services |
DIVISION OF PETROCHEMICAL PTA : Petrochemical #1 Plant Propylene : Petrochemical #2 Plant AN : Petrochemical #3 Plant NaCN : Petrochemical #3 Plant DIVISION OF SYNTHETIC FIBER Acryl : Ulsan Plant Nylon : Ulsan Plant Spandex : Ulsan Plant Polyester : Ulsan Plant DIVISION OF SPINNING Cotton Spinning : Banyeo factory, Kumi
factory, Kyungju factory Worsted Spinning : Pusan factory, Ungsang
factory DIVISION OF FABRIC MANUFACTURING Cotton Fabric : Kyungju factory Worsted Fabric : Pusan factory Polyester Fabric : Kyungju factory Tricot Fabric : (Seohan Moolsan) Blanket : Pusan factory DIVISION OF DYEING AND FINISHING Cotton Finishing : Shinpyung factory Worsted Finishing : Pusan factory Polyester Finishing : Taegu factory Tricot Finishing : Shinpyung factory Blanket Finishing : Pusan factory DIVISION OF ELECTRONICS Audio, communication : Anyang factory R & d Fundamental Technology, New Material :
Central Research Institute Brand Name: ACELAN, TAEKWANG, ACEPORA,
ACETEX |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
Trade Partners & Competitors
|
Suppliers |
CAPRO CORPORATION(110111-0111825) GS-CALTEX CORPORATION(110111-0078819) SK GAS LTD.(110111-0413247) SAMSUNG FINE CHEMICALS CO.,
LTD.(181211-0000013) S-OIL CORPORATION(110111-0189955) |
|
Customers |
LG CHEM LTD(110111-2207995) KOLON INDUSTRIES, INC.(135311-0013606) MITSUBISHI CORPORATION |
|
Competitors |
PTA SAMSUNG PETROCHEMICAL CO.,
LTD.(181211-0000435) SAMNAM PETROCHEMICAL CO., LTD.(110111-0557061) N/F KOLON INDUSTRIES INC.(110111-0030528) HYOSUNG CORPORATION(110111-0030497) |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
DAEHAN SYNTHETIC FIBRER
CO.,LTD.(110111-0012437) SEOHAN MOOLSAN.CO., LTD.(120111-0002519) SEKWANG FASHION CO., LTD.(110111-4342020) TBROAD HANVIT BROADCASTING CO.,
LTD.(135011-0067071) TBROAD DOBONGGANGBUK BROADCASTING
CO.,LTD.(110111-1011909) TBROAD CO., LTD.(Ex. TBROAD HOLDINGS. CO.,
LTD. : 210111-0013343) TBROD DONGDAEMUN CABLE NETWORKS, CO.,
LTD.(110111-1019292) TBROAD SEOHAE BROADCASTING CO.,
LTD.(120111-0094037) KOREA DIGITAL CABLE MEDIA CENTER CO.,
LTD.(110111-2336934) KOREA CABLE TELECOM CO.,
LTD.(110111-3514323) TCAST CO., LTD.(110111-3962457) E-CHANNEL CO.,LTD.(110111-1861685) TBROAD FOX KOREA CO.,LTD.(110111-3390997) TP&NS CO., LTD.(110111-4169581) QRIX HOLDINGS, INC.(170111-0290354) QRIX SEODAEMOON COMUNICATIONS CO,.
LTD.(110111-1024655) NOWON CABLE GENERAL BROADCASTING,
INC.(110111-2261909) SHOPPING & T CO., LTD..(110111-3245267) CHAMP VISION INC.(110111-3167081) HEUNGKUK FIRE & MARINE INSURANCE CO.,
LTD.(110111-0016728) HUNGKUK LIFE INSURANCE CO.,
LTD.(110111-0018443) WOORI HOME SHOPPING CO.,
LTD.(110111-2248957) (27.99% held by the subject company) GO RYO SAVING BANK CO., LTD.(180111-0015304) (20.24% held by the subject company) TAEKWANG TOURIST DEVELOPMENT CO.,
LTD.(110111-0304016) (44.96% held by the subject company) YEGARAM SAVINGS BANK CO.,
LTD.(110111-3221960) HEUNGKUK ASSET MANAGEMENT CO.,
LTD.(110111-1758600) HEUNGKUK SECURITIES CO.,
LTD.(110111-2105561) DAISHIN-HEUNGKUK THE FIRST PRIVATE EQUITY
FUND(110113-0014869) DONGLIM LEISURE DEVELOPMENT CO.,
LTD.(110111-3300475) TRM CO.,LTD.(110111-3078436) KOREA BOOK PROMOTION CO.,
LTD.(110111-0763759) DONG LIM ENGINEERING & CONSTRUCTION
CO., LTD.(110111-3649724) THM CONSULTING CO.,LTD.(110111-4149682) TEM TECH CO., LTD.(230111-0159656) TOTAL SYSTEM & INFORMATION SERVICE CO.,
LTD.(110111-2986606) ESTEEM CO., LTD.(110111-3845463) WEINHEIM CO., LTD.(110111-3845702) MERVIN CO., LTD.(110111-3942657) |
|
Overseas Office |
TAEKWANG SYNTHETIC FIBER(CHANGSHU) CO,.LTD. D BLK, TONGGANG INDUSTRIAL PARK, CHANGSHU
ECONOMIC DEVEL. ZONE, CHANGSHU CITY, JIANGSU, CHINA TEL :+86-512-5233-9000 FAX
:+86-512-5233-9099 SHANGHAI Office 1305, FAREAST INTERNATIONAL PLAZA B NO. 317
XIANXIA RD., SHANGHAI, CHINA TEL :+86-21-6235-1105 FAX :+86-21-5233-9909 TAEKWANG INDUSTRIAL GAESEONG CO., LTD. GAESEONG INDUSTRIAL COMPLEX BL-11-5 NORTH
KOREA TEL :+852-3406-0453 FAX :+852-2277-2058 |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
E-CHANNEL CO.,LTD.(110111-1861685) (55.09% held by the subject company) TAEKWANG SYNTHETIC FIBER(CHANGSHU)
CO,.LTD.(CHINA) (100.00% held by the subject company) KOREA CABLE TELECOM CO.,
LTD.(110111-3514323) (91.64% held by the subject company) TBROAD CO., LTD.(Ex. TBROAD HOLDINGS. CO.,
LTD. : 210111-0013343) (53.94% held by the subject company) SEKWANG FASHION CO., LTD.(110111-4342020) (100.00% held by the subject company) SEOHAN MOOLSAN CO., LTD.(110111-6555530) (100.00% held by the subject company) TAEKWANG INDUSTRIAL GAESEONG CO.,
LTD.(NORTH KOREA) (100.00% held by the subject company) SHOPPING & T CO., LTD.(110111-3245267) (71.80% held by the subject company) |
|
Cooperative Enterprise |
PHILIPS D.V.A THOMSON DOLBY -Insured Company HEUNGKUK FIRE & MARINE INSURANCE CO.,
LTD.(110111-0016728) |
Sales by Region (Activity & Markets)
|
Sales/ Unit : Thousand KRW |
06/2012 |
2011 |
2010 |
|
Export |
585,534,410 |
1,503,002,426 |
1,285,742,569 |
|
Domestic |
805,038,572 |
1,637,904,800 |
1,284,387,990 |
|
Others |
7,725,192 |
14,018,457 |
11,688,699 |
|
Total |
1,398,298,174 |
3,154,925,683 |
2,581,819,258 |
The Subject deals with the companies in China.
Court Action
There are 3 cases filed as Defendant(s)/ Debtor(s)/ Respondent(s)
amounting 2,000,000,000 KRW as of 12/31/2017.
News Clipping
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.22 |
|
|
1 |
INR 91.33 |
|
Euro |
1 |
INR 79.96 |
|
KRW |
1 |
INR 0.060 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.