MIRA
INFORM REPORT
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Report Date : |
29th
December, 2006 |
IDENTIFICATION
DETAILS
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Name : |
KOREA
T.A.S INDUSTRY CO., LTD. |
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Registered Office : |
818-11, Myeongdong-ri,
Hallim-myeon, Gimhae-si, Gyeongsangnam-do, Korea. |
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Country : |
Korea |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
28.06.2002 |
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Legal Form : |
Company
Limited by Shares |
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Line of Business : |
Recycled Materials |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Basic
Information
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Company Name |
Korea T.A.S
Industry Co., Ltd. |
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Address |
818-11, Myeongdong-ri,
Hallim-myeon, Gimhae-si, Gyeongsangnam-do, Korea |
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Zip Code |
621-872 |
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Tel |
+82-55-339-2241 |
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Fax |
+82-55-339-2242 |
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Type |
Export |
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Industry |
Recycled Materials |
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Main Business |
Metal and Stainless Material |
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Established |
06/28/2002 |
Detailed Products
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Activity |
Detailed
Products (UNSPSC) |
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Sell |
Recycled
Metal |
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Sell |
Recycled
Stainless Steel |
Others
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Name |
Cho Kwang-Jae |
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Address |
382-3, Dadae-dong, Saha-gu, Busan 604-050 Korea |
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Date of
Birth |
08/01/1964 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital |
200,000,000 KRW |
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Employees |
16 |
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Formation |
Co., Ltd by shares |
The subject deals with the companies in South and
East Asian countries.
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Cho Kwang-Jae |
Male |
Korean |
06/28/2005 |
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Director |
Mr. |
Lee
Tae-Hee |
Male |
Korean |
02/28/2006 |
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Auditor |
Mr. |
Ryu
Ji-Hyun |
Male |
Korean |
05/09/2005 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
2004 |
11,044,000,000 |
2,727,000,000 |
234,000,000 |
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2003 |
7,687,000,000 |
1,042,000,000 |
123,000,000 |
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2002 |
1,653,000,000 |
277,000,000 |
30,000,000 |
The latest financial is not available.
Financial
Description
Unit: KRW
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Authorized Capital |
200,000,000 |
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Paid-Up Capital |
200,000,000 |
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Total Issues
Shares |
40,000 |
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Balance Sheet Unit : Million Korean Won |
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As of 12/31/2004 |
As of 12/31/2003 |
As of 12/31/2002 |
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Total Assets |
2,727 |
1,042 |
277 |
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Current
Assets |
2,348 |
952 |
204 |
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-Quick Assets |
779 |
636 |
204 |
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-Inventories |
1,569 |
316 |
- |
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Fixed Assets |
379 |
90 |
73 |
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-Investment |
55 |
53 |
43 |
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-Tangibles |
324 |
36 |
29 |
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-Intangibles |
- |
1 |
1 |
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Total
Liabilities |
2,145 |
844 |
197 |
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Current
Liabilities |
2,136 |
840 |
197 |
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Fixed
Liabilities |
9 |
4 |
- |
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Capital
Stock |
200 |
50 |
50 |
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Capital
Surplus |
- |
- |
- |
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Profit
Surplus |
382 |
148 |
30 |
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Capital
Adjustment |
- |
- |
- |
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Total Equity |
582 |
198 |
80 |
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Liab. &
Shareholder’s Equity |
2,727 |
1,042 |
277 |
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Income Statement Unit : Million Korean
Won |
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As of 12/31/2004 |
As of 12/31/2003 |
As of 12/31/2002 |
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Sales |
11,044 |
7,687 |
1,653 |
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Cost of Sold
Goods |
9,519 |
6,956 |
1,514 |
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Gross Profit |
1,525 |
731 |
139 |
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Selling & Admin. Expenses |
1,128 |
609 |
134 |
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Operating
Income |
397 |
122 |
5 |
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Non-Operating
Income |
25 |
93 |
33 |
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Non-Operating
expenses |
108 |
59 |
8 |
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Ordinary
Income |
314 |
156 |
30 |
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Special
Income |
- |
- |
- |
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Income
Before Taxes |
314 |
156 |
30 |
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Income Taxes
Expenses |
80 |
33 |
- |
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Net Income |
234 |
123 |
30 |
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Bank Details |
Industrial Bank of Korea Kimhae Branch |
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Corporate
Registered No. |
195511-0057377 |
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Business
Registered No. |
615-81-27358 |
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Permit &
Licenses |
Int’l Trading No.: 12144808 |
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Shareholder
Position |
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Company
History |
06/28/2002 Established 10/14/2004 Increased capital to
200,000,000 KRW 10/05/2005 Moved to the present address |
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RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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