MIRA INFORM REPORT

 

 

Report Date :

22.10.2007

 

IDENTIFICATION DETAILS

 

Name :

KIMHAE STEEL CO., LTD.

 

 

Registered Office :

431-9, Pungyu-dong, Gimhae-si, Gyeongsangnam-do - 621-130

 

 

Country :

Korea

 

 

Date of Incorporation :

11/07/2005

 

 

Legal Form :

Company Limited by shares

 

 

Line of Business :

Manufacture & Wholesales of Nonferrous Metals and Recycled Iron

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 


Basic

 

Company Name

KIMHAE STEEL CO., LTD.

Registered Address

431-9, Pungyu-dong, Gimhae-si, Gyeongsangnam-do, Korea

Zip Code

621-130

Tel

+82-55-326-4404

Fax

+82-55-326-4406

Trading Address

431-9, Pungyu-dong, Gimhae-si, Gyeongsangnam-do, Korea

Tel

+82-55-326-4404

Fax

+82-55-326-4406

Type

Import/Export

Industry

Manufacture & Wholesales of Nonferrous Metals and Recycled Iron

Established (mm/dd/yyyy)

11/07/2005

 

Mr. Shin Woo-Jin owns the premises of registered address.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Nonferrous Metals

Sell

Recycled Iron

Sell

Other Industrial Materials

 

 

CEO’s

 

Name

Shin Woo-Jin

Address

67, Jinae-dong, Gimhae-si, Gyeongsangnam-do, Korea

Date of Birth

081/4/1967

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

200,000,000 KRW

Employees

2

Formation

Co., Ltd by shares

Bank Details

N/A

Corporate Registered No.

195511-0083348

Business Registered No.

615-81-45958

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

03/01/Established as KIMHAE STEEL CO. (Business Registered No.:622-02-11897)

11/07/2005 Incorporated as the present name

04/11/2007 Moved to the present address from 325-11, Jinae-dong, Gimhae-si, Gyeongsangnam-do, Korea

 

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

Representative Director

Mr.

Shin Woo-Jin

Male

Korean

11/07/2005

Auditor

M/S.

Shin Ok-Yon

Female

Korean

11/07/2005

 

 

Financials

 

The financial is not available.

 

 

Financial Description

 

Unit: KRW

Authorized Capital

200,000,000

Paid-Up Capital

50,000,000

Total Issues Shares

5,000

 

 

Products, Technologies, Services

Description

 

Main Products & Services

Nonferrous Metals and Recycled Iron

 

 

Sales by Region (Activity & Markets)

 

Not Available

 

 

Court Action

 

Not Available

 


 

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

Unfavourable & favourable factors carry similar weight in credit consideration. 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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions