MIRA
INFORM REPORT
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Report Date : |
13.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
KTC
KOREA CO., LTD. |
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Registered Office : |
567-49, Yeonnam-dong, Mapo-gu, Seoul |
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Country : |
Korea |
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Financials (as on) : |
31/12/2005 |
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Date of Incorporation : |
05/15/1991 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Engaged in the business of wholesale of Metal
Ores |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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
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Company Name |
KTC
Korea Co., Ltd. |
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Address |
567-49, Yeonnam-dong, Mapo-gu, SEOUL, Korea |
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Building |
Yeongsang Bldg. |
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Zip Code |
121-869 |
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Tel |
+82-2-2068-6555 |
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Fax |
+82-2-2068-7076 |
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E-mail |
webmaster@ktckorea.com |
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Website |
www.ktckorea.com |
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Busan Factory |
1686-5, Songjeong-dong, Gangseo-gu, BUSAN, Korea |
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Tel |
+82-51-831-0517 |
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Fax |
+82-51-831-0520 |
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Kimpo Branch |
726-2,
Gahyeon-ri, Tongjin-eup, Gimpo-si, Gyeonggi-do, 415-861 Korea |
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Type |
Export/Import |
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Industry |
Wholesale of Metal Ores |
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Main
Business |
Ferro Alloys, Non-Ferrous Metal |
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Sub
Business |
Distributor of Metals & Minerals, Dealer of
Futures Market |
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Established (mm/dd/yyyy) |
05/15/1991 |
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
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Sell |
Shutters(30151801) -Structural materials. |
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Sell |
Bathtub or shower enclosures(30181507) -Bathroom facilities. |
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Sell |
Iron(11101713) -Steel making materials. |
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Sell |
Steel(11101704) -Industrial materials. |
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Sell |
Aluminum bars(30101606) |
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Sell |
Metal scrap(11191600) |
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Sell |
Aluminum plate(30102206) |
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Sell |
Structural materials and basic shapes(30100000) |
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Sell |
Aluminum ingots(30103401) |
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Sell |
Ferrous alloy(11101712) |
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Sell |
Non ferrous alloy(11101711) |
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Sell |
Ferrous alloy(11101712) |
Others
|
Name |
Ahn Ju-Hun |
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Address |
1145, Hwagok-dong, Gangseo-gu, Seoul, 157-010 Korea |
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Date of Birth (mm/dd/yyyy) |
10/21/1957 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital |
2,640,000,000KRW |
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Employees |
100 |
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Formation |
Co., Ltd by shares |
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Day |
|
President & CEO |
Mr. |
Ahn Ju-Hun |
Male |
Korean |
05/15/1994 |
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Director |
Mr. |
Kim Young-Sang |
Male |
Korean |
07/01/1996 |
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Director |
Mr. |
Jong Eun-Kyu |
Male |
Korean |
1/25/2005 |
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Auditor |
M/S |
Im Kyung-Mi |
Female |
Korean |
03/31/1997 |
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Manager |
Mr. |
Noh Jae-Hyung |
Male |
Korean |
03/13/2001 |
Financials
Unit:
KRW
|
Year |
Sales |
Assets |
Net income |
|
2005 |
205,055,280,647 |
56,638,933,954 |
8,963,756,844 |
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2004 |
192,866,313,596 |
64,394,582,907 |
13,492,179,530 |
Financial Description
Unit:
KRW
|
Authorized
Capital |
14,000,000,000 |
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Paid-Up
Capital |
2,640,000,000 |
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Total Issued Shares |
528,000 |
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Balance
Sheet Unit:
KRW |
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As of 12/31/2005 |
As of 12/31/2004 |
As of 12/31/2003 |
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Total Assets |
56,638,933,954 |
64,394,582,907 |
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Current Assets |
44,537,915,803 |
56,326,348,008 |
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Quick
assets |
28,209,435,779 |
28,011,276,857 |
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Inventories |
16,328,480,024 |
28,315,071,151 |
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Fixed
Assets |
12,101,018,151 |
8,068,234,899 |
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Investments |
3,640,536,488 |
2,014,230,076 |
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Tangibles |
8,392,524,162 |
6,030,978,023 |
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Intangibles |
67,957,501 |
23,026,800 |
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Total Liabilities |
33,446,516,517 |
40,133,922,314 |
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Current Liabilities |
31,824,836,517 |
39,675,582,314 |
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Fixed Liabilities |
1,621,680,000 |
458,340,000 |
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Capital Stock |
2,640,000,000 |
2,640,000,000 |
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Capital Surplus |
- |
- |
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Profit Surplus |
20,552,417,437 |
21,620,660,593 |
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Capital Adjustment |
- |
- |
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Total Equity |
23,192,417,437 |
24,260,660,593 |
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Total Liabilities & Equity |
56,638,933,954 |
64,394,582,907 |
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Income Statement Unit KRW |
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As of 12/31/2005 |
As of 12/31/2004 |
As of 12/31/2003 |
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Sales |
205,055,280,647 |
192,866,313,596 |
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Cost of Sold Goods |
180,890,143,794 |
164,290,948,158 |
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Gross Profit |
24,165,136,853 |
28,575,365,438 |
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Selling
& Admin. Expenses |
9,697,769,745 |
9,366,656,708 |
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Operating Income |
14,467,367,108 |
19,208,708,730 |
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Non-Operating Income |
3,643,291,031 |
4,739,700,670 |
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Non-Operating expenses |
5,181,533,617 |
4,463,919,066 |
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Ordinary Income |
12,929,124,522 |
19,484,490,334 |
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Special Income |
- |
- |
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Income Before Taxes |
12,929,124,522 |
19,484,490,334 |
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Income Taxes Expenses |
3,965,367,678 |
5,992,310,804 |
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Net Income |
8,963,756,844 |
13,492,179,530 |
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Bank Details |
Korea Exchange Bank Kookmin Bank Industrial Bank of Korea Hana Bank, National Agricultural Cooperative Federation Indian Overseas Bank |
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Corporate Registered
No. |
110111-0776661 |
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Business Registered
No. |
105-81-47309 |
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Permit &
Licenses |
DEC 2000 ISO 9002 |
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Shareholder
Position |
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Company History |
MAY 1990 Korea
Non-Ferrous Metal Trading Company established SEP 1993 KTC,
TIANJIN Office established DEC 1997 KTC,
MUMBAI Office established DEC 1999 Export
Tower of 10 Million dollars Awarded By Korea President DEC 1999 KTC,
GUANGZHOU Office established JUN 2000 Company
Name Changed Korea Non-Ferrous Metal Trading Co., Ltd To KTC KOREA Co., Ltd. AUG 2000 Busan
Office & Warehouse established DEC 2000 ISO 9002
Certificate Awarded JUL 2002
Increased capital to 2,640,000,000KRW JAN 2004 KTC Tile
& Bath established JUL 2004 Moved to
the present address DEC 2005 Export
Tower of 70 Million dollars Awarded By Korea President |
Organization Structure
|
Customers |
POSCO Incheon Steel Dongkuk
Steel Mill Co., Ltd. Changwon
Specialty Steel Co., Ltd. Hanbo
Steel |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
Hyundae
Non Ferrous Metal Co., Ltd. KTC
Tile & Bath Co., Ltd. KTC, Koin Metal PVT LTD, India 408/409 Acme Plaza, Andheri Kurla Road,
Andheri(East), Mumbai, 400093 TEL : 91-22-2820-7450, 7451, 7452, 7453 FAX : 91-22-2820-7455 e-mail : mumbai@ktckorea.com
ktckorea@vsnl.net KTC Ferro Alloys (P) LTD. Flat No.5 A&B, Siri Hills, Facor Lay Out,
Waltair Uplands, Visakhapatnam TEL : 91-891-273-8598 FAX : 91-891-273-8597 e-mail : ktcferroalloys@sancharnet.in HongKong Non-Ferrous Metal Co., Ltd. Tianjin Metal Resources Co., Ltd. |
|
Overseas Office |
KTC, Tianjin Office, China Room 1107 Haizhu Mansion, 166 XinHua Road, Heping
district, Tianjin, 300040 TEL : 86-22-2303-4856, 4857, 4858 FAX :
86-22-2303-4855 e-mail : tianjin@ktckorea.com metal@tmcchina.com,
alloy@tmcchina.com KTC, Guangzhou Office, China Room 2001, South Securities Building, 140-148
East Tiyu Road, Guangzhou, 510620 TEL : 86-20-3887-9941, 9942, 9943, 9944 FAX : 86-20-3887-9977 e-mail : guangzhou@ktckorea.com ktcgzo@21cn.com |
Court
Action
Pending Case
No.: 2005 KOJEONG1203
Court
Name: Dongbu Branch Court of Busan District Court
Case
Description: Related to the law of Int’l trade.
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 |