MIRA
INFORM REPORT
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Report Date : |
03.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
KM STEEL CO., LTD. |
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Registered Office : |
Rm. 514, Haengjin Bldg., 53-1, Yeouido-dong, Yeongdeungpo-gu, Seoul 150-895 |
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Country : |
Korea |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
22.08.2002 |
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Com. Reg. No.: |
107-86-22202 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesaler of Other Basic Iron and Steel |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company
Name |
KM STEEL CO.,
LTD. (Korean Company
Name : “케이엠스틸”) |
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Registered Address |
53-1, Yeouido-dong, Yeongdeungpo-gu,
Seoul, Korea |
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Building |
Rm. 514, Haengjin Bldg. |
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Zip Code |
150-895 |
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Tel |
+82-2-780-3477 |
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Fax |
+82-2-780-5559 |
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E-mail |
sales2@kmsteel.co.kr;youran@kmsteel.co.kr |
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Website |
www.kmsteel.co.kr |
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Trading Address |
Rm. 514, Haengjin Bldg., 53-1,
Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea |
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Tel |
+82-2-780-3477 |
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Fax |
+82-2-780-5559 |
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Type |
Export/Import |
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Industry |
Wholesale of Other Basic Iron and Steel n. e. c. |
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Main Business |
Cold Rolled Sheets, Electrical Steel Sheets, Stainless Steel Products |
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Sub Business |
Wholesale of Basic Metals, Non Ferrous Metal, |
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Established (mm/dd/yyyy) |
08/22/2002 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Steel plate(30102204) |
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Sell |
Steel coil(30101904) |
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Sell |
Iron sheet(30102503) |
CEO’s
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Name |
Kim Sung-Chan(John) |
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Address |
241-21, Seobinggo-dong, Yongsan-gu, Seoul, Korea |
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Date of Birth |
09/20/1963 |
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Title |
Representative Director |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
200,000,000 KRW |
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Employees |
4 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Hana Bank-Namdaemun Branch Hana Bank-Gangseo Corporate Center Branch |
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Corporate Registered No. |
110111-2593287 |
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Business Registered No. |
107-86-22202 |
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Permit & Licenses |
Int’l Trade No.: 45047842 |
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Shareholder Position |
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Company History |
08/22/2002 Incorporated as WALKMART CO.,
LTD. 11/2003 Awarded US$5 Million Export Top Prize 08/09/2004 Moved to the present HQ address
from 26-5, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea 11/2004 Awarded US$10 Million Export Top Prize 05/28/2008 Changed company name to the
present name, and changed industry to the present Wholesale of
Other Basic Iron and Steel n. e. c., from Wholesale of
Photographic and Optical Goods |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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Representative Director |
Mr. |
Kim Sung-Chan(John) |
Male |
Korean |
08/22/2002 |
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Auditor |
M/S. |
Maeng Se-Kyung |
Female |
Korean |
08/22/2002 |
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Financials
Unit: KRW
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Year |
Sales |
Assets |
Net income |
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10,800,000,000 |
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2006 |
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2005 |
11,366,000,000 |
1,902,000,000 |
330,000,000 |
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2004 |
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2003 |
8,434,000,000 |
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The full financials
are not available, and the Subject Company does not have any obligations to
release its financials to the public.
Financial Description
Unit: KRW
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Authorized
Capital |
800,000,000 |
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Paid-Up
Capital |
200,000,000 |
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Total Issues Shares |
40,000 |
Balance
Sheet
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Unit : Million Korean Won |
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As of 12/31/2005 |
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Total Assets |
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1,902 |
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Current Assets |
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1,815 |
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-Quick Assets |
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1,512 |
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-Inventories |
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303 |
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Fixed Assets |
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87 |
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-Investment |
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70 |
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-Tangibles |
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17 |
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-Intangibles |
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- |
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Total Liabilities |
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912 |
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Current Liabilities |
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896 |
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Fixed Liabilities |
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16 |
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Capital Stock |
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200 |
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Capital Surplus |
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- |
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Profit Surplus |
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790 |
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Capital Adjustment |
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- |
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Total Equity |
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990 |
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Liab. & Shareholder’s Equity |
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1,902 |
Income
Statement
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Unit : Million Korean Won |
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As of 12/31/2005 |
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Sales |
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11,366 |
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Cost of Sold Goods |
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10,320 |
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Gross Profit |
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1,046 |
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Selling & Admin. Expenses |
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620 |
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Operating Income |
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865 |
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Non-Operating Income |
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149 |
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Non-Operating expenses |
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148 |
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Ordinary Income |
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427 |
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Special Income |
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- |
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Income Before Taxes |
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427 |
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Income Taxes Expenses |
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97 |
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Net Income |
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330 |
Products, Technologies, Services Description
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Main
Products & Services |
Electrical Steel -Cold Rolled Grain-Oriented Electrical
Steel Sheet -Cold Rolled Non-Oriented Electrical Steel
Sheet CRGO/CRNGO Full Width Mother Coil CRGO/CRNGO Strip |
Trade
Partners
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Suppliers |
POSCO(174611-0000741) AK STEEL THYSSENKRUPP BAO CSC WISCO JFE NSC |
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Competitors |
JESSY CORPORATION RM. 407, HYUNDAI OFFICETEL, 98-16, GURO
4-DONG, GURO-GU, SEOUL, KOREA TEL:+82-2-869-5567 FAX:+82-2-869-5569 MINSTEEL CO., LTD. RM. 3906, KOREA TRADE TOWER, 159-1,
SAMSEONG 1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-557-1219 FAX:+82-2-556-2438 KIMCHEON STEEL CO. 620-8, BANGHAK 2-DONG, DOBONG-GU, SEOUL,
KOREA TEL:+82-2-3493-4993 FAX:+82-2-956-9971 |
Sales by
Region (Activity & Markets)
The Subject exports
to Japan, Asia, Middle East, USA and Europe.
Court
Action
Not Available.
News
Clipping
--
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.90 |
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UK Pound |
1 |
Rs.74.30 |
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Euro |
1 |
Rs.63.42 |
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. |
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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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%)