MIRA
INFORM REPORT
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Report Date : |
24.10.2008 |
IDENTIFICATION DETAILS
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Name : |
CHINA STEEL CORP |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
03.12. 1971 |
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Com. Reg. No.: |
30414175 |
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Legal Form : |
Public Listed Company |
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Line of Business : |
Importer of Raw Materials used in Steel Production, including
Substantial Volumes of Coal used in the Steel Factory Furnaces. Manufacturer Raw Steel and Steel Down-Stream Products. |
RATING & COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
AUD 35,000,000 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
CHINA
STEEL CORP
TEL: 886-7-8021111 FAX: 886-7-8022511
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 3, 1971
REGISTRATION NO. :
30414175
LEGAL FORM :
PUBLIC LISTED COMPANY
CHIEF EXECUTIVE :
MR. WEN-YUAN LIN (PRESIDENT)
STAFF STRENGTH :
9,022
CAPITAL :
US$ 4,347,826,087
BUSINESS LINE :
MANUFACTURER
TURNOVER :
NTD 207,918,952,000 (AS OF DEC. 31, 2007)
EQUITIES :
NTD 222,655,290,000 (AS OF DEC. 31, 2007)
PAYMENT :
EXCELLENT
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STRONG
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
WELL-KNOWN
EXCHANGE RATE :
TWD 32.98153 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –
OTHER LICENSE
=================
License Number :
6400024931
Date of Registration : 17
July, 1978
Issuing Authority :
Ministry of Economic Affairs
*Company History*
===============
3 December, 1971 - Established
as a private enterprise with more than 50% of the investment from
non-government sources.
16 September, 1972 - Established Kaohsiung plant site.
July 1973 -
Foreign shareholders withdrew their shares in the company.
1 September, 1974 - Commenced
construction of Phase I.
26 December, 1974 - Became listed
on the Taiwan Stock Exchange with stock market code 2002.
15 September, 1975 - Relocated head office to
1 July, 1977 -
Government's shares rose above 50% and the company became a state enterprise by
law.
16 December, 1977 - Completion of
Phase I with its capacity reaching 1.5 million tons per year.
1 July, 1978 -
Commenced construction of Phase II.
30 June, 1982 -
Completion of Phase II with capacity reaching 3.25 million tons per year.
1 July, 1984 -
Commenced construction of Phase III.
February 1985 - Took over
the TAIWAN ALUMINUM CO.
30 April, 1988 - Completion
of Phase III with its capacity reaching 5.65 million tons per year.
April 1989 -
Government sold its CSC shares through a number of offerings pursuant to its
privatization policy.
15 July, 1993 - Commenced
construction of Phase IV.
12 April, 1995 -
Government ownership declined to 47.81% and CSC regained its status as a
private enterprise.
31 May, 1997 -
Completion of Phase IV with its capacity reaching 8.054 million tons per year.
2 June, 1998 -
Formally introduced CSC Group Identity system to the public.
September 1998 - Attended in
joining talks with the STEEL AUTHORITY OF INDIA's executives together with the
five
Mid-1999 -
Migrated its Electronic data interchange (EDI) into a web site.
February 2000 - Acquired
99% shares of GOANG YAW INVESTMENT CORP and eight (8) other investment
companies.
November 2001 - Established
CHINA STEEL MACHINERY CORP through the merger of TAIWAN MACHINERY MFG CORP.
15 April, 2002 - Annual
production capacity officially raised to 9.55 million tons2 owing to success in
equipment renovations and improvements carried out over the years.
2003 - 2006 -
Continued expansion of operations both domestically and in
*Licenses & Permits*
=================
(1)
License number : 6400024933
Date issued : 17 July,
1978
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory
license
(2)
License number : 6400572502
Date issued : 25 July,
2001
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory
license
*Capital Details*
=============
Initial authorized capital : NTD
400,000,000.00
Authorized capital increases as follows:
Date
Amount (NTD)
-------
---------------------
August 2005 106,000,000,000.00
August 2006
120,000,000,000.00
-
140,000,000,000.00
Initial paid-up capital: N/A
Paid-up capital increases as follows:
Date
Amount (NTD)
------- ---------------------
August 2001
91,089,363,890.00
September 2002
93,157,609,330.00
August 2003
95,000,857,630.00
August 2004
99,311,137,700.00
August 2005
105,866,715,940.00
August 2006
110,944,515,790.00
2007
115,352,910,160.00
*Office & Facilities*
================
Building size :
143,969.34 sq. meters (Including factory and office)
Location :
Property status : Owned
by CHINA STEEL CORP.
Type of building :
Industrial building
Comment :
Serves as corporate headquarters and factory.
Other e-mail address : f1000@mail.csc.com.tw
*Factories, Size & Locations*
=======================
(1)
Type of building : Industrial
building
Building size :
182,146.27 sq. meters (Including factory and office)
Location :
Property status : Owned by CHINA STEEL CORP.
Comment : Serves
as Corporate Headquarters and factory
(2)
Type of building :
Building size :
21,219.47 sq. meters (Including factory and office)
Location :
Property status : Owned by
CHINA STEEL CORP.
Comment : Serves
as Corporate Headquarters and factory
- Also maintains 4 blast furnace factories.
*Corporate & Organization
Structure*
=============================
One of
Organizational Chart
---------------------------
Board of Directors
----------------------
Corporation Supervisors
|
Chairman of the Board
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President
|---------- Advisers
| |
Executive Vice-President
|---------- Industrial Safety
& Hygiene
|----------------------------|
Committee
|
|-------------------------------------------------------------------------------------------------------------------------------------|
| | | |
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Office to the President | Department Engineering Department Auditor
|
|-----------------------------------------------------------------------------------------------------------------------------------|
| | | | | |
Engineering Finance Administration Production Commercial Technology
Division Division Division Division Division Division
Each division is divided into different departments.
1. Engineering Division
- Engineering Business
Department
- Iron & Steel Making
Department
- Rolling Mills Engineering
Department
- Utilities Engineering
Department
- Civil Engineering Department
2. Finance Division
- Finance Department
- Accounting Department
- Information Systems
Department
- Cost Department
3. Administration Division
- Human Resources Department
- General Affairs Department
- Public Affairs Department
4. Production Division
- Raw Material Handling &
In-Plant Transportation Department
- Iron Making Department
- Steel Making Department
- Rolling Mill Department I -
Plate, Bar & Rod
- Rolling Mill Department II -
Hot Rolled Products
- Rolling Mill Department III
- Cold Rolled Products
- Utilities Department
- Plant Engineering &
Maintenance Department
- Electrical & Control
Department
- Production Planning
Department
- Industrial Safety, Hygiene
& Environmental Protection Department
5. Commercial Division
- Purchasing Department
- Marketing Department
- Transportation Department
- Marketing Administration
Department
- Resident Oversea
Representatives
6. Technology Division
- Steel & Aluminum R &
D Department
- Metallurgical Department
- Technology Planning &
Development Department
- New Materials R & D
Department
*Deal Making*
============
(1)
Date of deal : July 2000
Nature of deal :
Joint-venture to build a cold-rolled steel plant
Parties involved : CHINA STEEL CORP
VIETNAM STEEL CORP
SHANG YU STEEL CORP
Details : After years of talks, CSC signed a Memorandum of
Understanding with VIETNAM STEEL to build a cold-rolled steel plant, for USD107
million with an annual capacity of 300,000 tons.
In
the memorandum, CHINA STEEL was to hold 30%, VIETNAM STEEL at 30%, SHANG YU
STEEL at 30% and other Taiwanese partners would hold the remaining 10%.
(2)
Date of deal : December 1999
Nature of deal :
Purchase 22.5% shareholding in YIEH LOONG ENTERPRISE CO
Parties involved :
CHINA STEEL CORP
YIEH LOONG
Details :
(3)
Date of deal : June 2000
Nature of deal : Purchase a stake in a plant.
Party involved : SUMITOMO METAL INDUSTRIES LTD
Details : To become the first foreign partner in a
Japanese steel venture. CHINA STEEL CORP will take a 33% stake in a venture formed after
SUMITOMO METAL spins off its
(4)
Date of deal : 13 May,
2003
Nature of deal : Establishing
a B2B online exchange
Party involved : FAR EASTERN
TEXTILE
*Industry Ranking*
===============
(1)
Generally regarded as one of the Top 5000 Companies in Manufacturing
Industry of Taiwan.
Details of rank are as follows
Year Rank
------ -------
1998 12
1999 7
2000 9
2004 15
2005 16
2006 25
2007 24
(2)
Generally regarded as one of the Top 1000 Companies in Manufacturing
Industry of Taiwan.
Details of rank are as follows:
Year Rank
------ -------
1999 346
2000 438
2004 10
2005 6
2006 10
2007 10
- Considered as one of the world's top-20 steel makers and
- DIRECTORATE GENERAL OF TELECOMMUNICATIONS is ranked Number 6 within the performance of government
enterprises.
*Sales Ranking*
=============
Generally regarded as one of the top 500 manufacturing companies in
terms of sales.
Details of rank are as follows:
Year Rank
------ -------
2004 15
2005 16
2006 25
*Awards*
========
Award : National Quality
Award
Awarded by : ROC Executive Yuan.
Details : This is the
highest government recognition
*Accountants*
============
- DELOITTE & TOUCHE
*Auditors*
=========
- Arthur Andersen
*Registrar*
=========
- GRAND CATHAY SECURITIES CORP
www.csc.com.tw
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: gs300@mail.csc.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholders: N/A
Total number of shares: N/A
Shareholder Country
Number Amount %
Mr. Huang-chuan Chiu
Mr. San-hsiung Hung
Mr. Wei-sheng Huang
Ministry of Economic Affairs
BUREAU OF LABOR INSURANCE
CORP - Industry
EVER WEALTHY INT'L CORP
CHUN YU INVESTMENT CORP
HSIN MAO INVESTMENT CO LTD
CHAN YI INVESTMENT CO LTD
HUNG CHUAN INVESTMENT
CO LTD
KAO JUI INVESTMENT CO LTD
Management: Mr. Chang-jung Hsu,
Supervisor
Mr. Le-min Chung, Executive Vice
President
Mr. Yuan-cheng Chen, General Manager
Name Nationality
Job Description Dept. / Division
Mr. Chang-jung Hsu Taiwanese
Supervisor Account
Mr. Le-min Chung Taiwanese
Executive Vice President -
Mr. Yuan-cheng Chen Taiwanese
General Manager -
Mr. Yuan-chuan Horng Taiwanese
General Manager -
Mr. Wen-yuan Lin Taiwanese
President -
Mr. Chung-chiu Huang Taiwanese
Supervisor -
Mr. Chao-tung Wong Taiwanese
Vice President -
Mr. Chih-yu Sung Taiwanese
Vice President -
Mr. Kin-lung Du Taiwanese
Vice President -
Mr. King-hsing Chang Taiwanese
Vice President -
Mr. Tse-hao Chen Taiwanese
Vice President -
Mr. Tung-sheng Kao Taiwanese
Vice President -
Mr. Yu-sung Chen Taiwanese
Vice President -
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Importing a wide range of raw materials used in steel production,
including substantial volumes of coal used in the steel factory furnaces.
2. Manufacturing raw steel and a wide range steel down-stream products.
3. Selling to both domestic and international markets of products
produced by the firm.
It is estimated that the following accounted for over 98% of the firm's
annual steel production:
Annual Steel Production
---------------------------------
- 45% Hot rolled coils & sheets
- 24% Cold rolled coils & sheets
- 12% Wire rods
- 11% Plates
- 6%
Bars
- 2%
Other products
Products: Alloy steel plates
Carbon steel
bars
Carbon steel
plates
Carbon steel
sheets
Chrome
*Payment Terms*
==============
Sales
-------
Local : 30-60 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
--------------
Local : 30-90 days credit
Import : Letter of Credit (L/C) AT sight
Letter of Credit
(L/C) Usance
Open account (D/A)
for 120 days using Telegraphic Transfer (T/T) for settlement
*Quality Certification*
==================
Type of Certification : ISO 9002 (identical with CNS 12682)
Issuing Authority : Ministry
of Economic Affairs - Bureau of Standards, Metrology & Inspection (BSMI)
Date of Certification : 16 May,
1999
Date of Registration : 16 May,
1996
Valid Until : 16
May, 2002
Approved Number : 7M8Y023-01
*Long & Short Term Investments*
===========================
(1)
Type of investment : Set up a shipping company
Investment amount : NTD 2,500,000,000
Date of investment : January 1996
(2)
Type of investment : Set up an aluminum manufacturing company
Investment amount : NTD 4,000,000,000
Date of investment : January 1996
Investments also include real estate development and investment abroad
in a cold rolling mill in
*Production Capacity*
==================
(1)
Current capacity : 9,945,481
tons per year
Item :
Crude steel
(2)
Year :
2006
Item :
Steel Plate
Maximum capacity : 1,000,000 (NTD1000/Tons)
Current capacity : 1,075,520
(NTD1000/Tons)
(3)
Year :
2006
Item :
Bars
Maximum capacity : 490,000 (NTD1000/Tons)
Current capacity : 525,560
(NTD1000/Tons)
(4)
Year :
2006
Item :
Wire Rod
Maximum capacity : 1,136,000 (NTD1000/Tons)
Current capacity : 1,139,030
(NTD1000/Tons)
(5)
Year : 2006
Item :
Hot-rolled products
Maximum capacity : 3,725,000 (NTD1000/Tons)
Current capacity : 4,349,382
(NTD1000/Tons)
(6)
Year :
2006
Item :
Cold-rolled products
Maximum capacity : 2,409,000 (NTD1000/Tons)
Current capacity : 2,643,517
(NTD1000/Tons)
(7)
Year :
2007
Current capacity : 10,188920
tons per year
Item :
Crude steel
(8)
Year : 2007
Item :
Steel Plate
Maximum capacity : 1,000,000 (NTD1000/Tons)
Current capacity :
1,111,150(NTD1000/Tons)
(9)
Year :
2007
Item :
Bars
Maximum capacity : 490,000 (NTD1000/Tons)
Current capacity :
599,242(NTD1000/Tons)
(10)
Year :
2007
Item :
Wire Rod
Maximum capacity : 1,136,000 (NTD1000/Tons)
Current capacity : 1,226,273
(NTD1000/Tons)
(11)
Year : 2007
Item :
Hot-rolled products
Maximum capacity : 3,725,000 (NTD1000/Tons)
Current capacity : 4,368,395
(NTD1000/Tons)
(12)
Year :
2007
Item :
Cold-rolled products
Maximum capacity : 2,409,000 (NTD1000/Tons)
Current capacity : 2,777,960
(NTD1000/Tons)
*Machinery & Equipment*
=====================
Maintains an extensive computer networking with 2 IBM 4381 computers
that act as host computer. Computers used in process control total more than 30
and include HONEYWELL,
*Mergers & Acquisitions*
=====================
Date of transaction : January
2000
Type :
Acquisition
Acquired companies : ORNASTEEL ENTERPRISE CORP (M) SDN BHD
GROUP STEEL CORP (M) SDN BHD
Details :
PACIFIC PTE LTD & CSC (Group Steel) SINGAPORE PTE LTD)
*Associations*
============
Member of the following associations:
- International Iron & Steel Institute (IISI)
-
-
*Competitors*
===========
The following locally based firm supply similar range of
products/services:
-
- SHANG SHING STEEL INDUSTRIAL CO LTD
- TAH CHUNG STEEL CORP
- ACERS STEEL INDUSTRIAL CO LTD
- PROSPERITY TIEH ENTERPRISE CO LTD
- YIEH UNITED STEEL CORP
- WU JII INDUSTRY CO LTD
- GLORIA MATERIAL TECHNOLOGY CORP
- CHUN YUAN STEEL INDUSTRY CO LTD
- WEI CHIH STEEL INDUSTRIAL CO LTD
- TUNG HO STEEL ENTERPRISE CORP
- FENG HSIN IRON & STEEL CO LTD
- WINBOND ELECTRONICS CORP
- INTERSIL LTD
- HUALON MICROELECTRONICS
- WORLDWIDE SEMICONDUCTOR
- CHINA DEVELOPMENT INDUSTRIAL BANK
- MACRONIX INT'L CO LTD
- KINGTECH STEEL INDUSTRIAL CO LTD
- ISHIKAWAJIMA-HARIMA HEAVY INDUSTRIES CO LTD
- FINE OCEAN MARINE INDUSTRIAL CORP
- KING SUN INDUSTRY CO LTD
- PAUL WURTH INT'L SA -
*Imports*
========
Raw materials are imported from the following countries:
Product
Country
% of Import
------------
------------
----------------
Coking Coal
Japan 33.43
*Imports (Non-agency type)*
=====================
Year: 2007
(1)
Coal mine are imported from
Country %
-----------
-----
(2)
Iron mine are imported from
Country %
-----------
-----
(3)
Stone raw materials are imported from
Country %
-----------
-----
Japan
33.00
*Domestic Customers*
==================
Over 70% of the firm's steel production is sold locally, to the following
types of industries/customers:
- Re-rollers
24.73%
- Steel service centers 16.46%
- Vehicles
15.54%
- Nuts & Boats 9.57%
- Steel piping
7.58%
- Retailers & stocklists 6.45%
- Direct users
5.87%
- Steel structures 2.96%
- Shipping
2.74%
- Hand tools
1.82%
- Steel Wire and Rope Industries 0.95%
- Others 5.33%
*Domestic Agents & Distributors*
===========================
- ACERS STEEL INDUSTRIAL CO LTD
*Local Distribution Network*
=======================
An estimated 70% of the annual turnover is attributed to local sales.
*Export Markets*
==============
An estimated 30% of the annual turnover is attributed to export, of
which 85% is sold within
steel customers are located in the following countries:
Country % of
Exports
----------- ----------------
Japan
29.90
Others
5.44
*International Trade Ranking*
========================
The firm has been ranked among
Year Ranked
----- ---------
2003 9
2004 8
2005 3
2006 8
2007 6
*LOCAL BRANCHES & MANAGEMENT*
================================
Branch : CHINA STEEL CORP -
Branch Address : 11Fl
Branch Tel : [+886] 2-26553299
Branch Fax : [+886] 2-26552899
Branch : CHINA STEEL CORP (LIASON OFFICE) -
Branch Address : 28AFl, 101 Tower
Branch Tel : [+886] 2-87580000
Branch Fax : [+886] 2-87580007
Branch Employees : 65
Branch : CHINA STEEL CORP (FACTORY 2) -
Branch Address :
*Strategic Partners & Alliances*
=========================
Group name : CSC Group
Holding company : CHINA STEEL
CORP
Members : - GAINS
INVESTMENT CORP
- CHINA STEEL ALUMINUM CORP
-
- HIMAG MAGNETIC CORP
- CHINA STEEL CHEMICAL CORP
- CHINA STEEL STRUCTURE CORP
- TAISIL ELECTRONIC MATERIALS CORP
- KUEI-YI INDUSTRIAL CORP
*OVERSEAS AGENTS AND DISTRIBUTORS*
====================================
Agent : NYP TRINITY LTD
Country of Origin :
Product Description : Electric steel sheets
*(Subsidiaries, Joint-ventures & Affiliates)
==========================
Company Name : ALLIED MATERIAL TECHNOLOGY CORP
Address :
Country :
Relationship : Minor Investments
Legal Form : Public Company
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : ALU INVESTMENT OFFSHORE CORP
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : AMBICOM TECHNOLOGY INC
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : ASIA PACIFIC BROADBAND TELECOMMUNICATION CO LTD
Address : 16Fl, 277 Sung
Country :
Relationship : Minor Investments
Legal Form : Private company with limited liability
Company Type : Service
Industry : Telecommunications
Company Name : BETACERA INC
Address :
Country :
Relationship : Subsidiary
Legal Form : Public Company
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : CDIB & PARTNERS INVESTMENT HOLDING CORP
Country :
Relationship : Minor Investments
Legal Form : Public Company
Company Type : Service
Industry : Financial Services - General
Company Name : CEC DEVELOPMENT CORP
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : CEC INT'L CORP
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : CHAO YANG INVESTMENT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : CHI HANG INVESTMENT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : CHI YI INVESTMENT CO LTD
Address : 5Fl-2,
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : CHIH YANG CONSULTANT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : CHINA ECOTEK CORP
Address : 8Fl,
Country :
Relationship : Minor Investments
Legal Form : Public Listed Company
Company Type : Trader
Industry : Machinery
Company Name : CHINA HI-MENT CORP
Address : 10Fl, 243 I-Hsin
Country :
Relationship : Minor Investments
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Construction & Construction Materials
Company Name : CHINA PROSPERITY DEVELOPMENT CORP
Address : Rm 2406, 24Fl,
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : CHINA STEEL ALUMINUM CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Metals & Metal Products
Company Name : CHINA STEEL ASIA PACIFIC HOLDINGS PTE LTD
Address : MAS Bldg
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : CHINA STEEL ASIA PACIFIC PTE LTD
Address : MAS Bldg
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Metals & Metal Products
Company Name : CHINA STEEL CHEMICAL CORP
Address : 5Fl-1,
Country :
Relationship : Subsidiary
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Chemicals
Company Name : CHINA STEEL CONCRETE INDUSTRIAL CORP
Address : 143 Min Chuan St Taliao Hsiang 831
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Construction & Construction Materials
Company Name : CHINA STEEL CORP - REPRESENTATIVE OFFICE
Address : 8Fl Nantai Bldg 2-20 Minamihonmachi 4-Chome Chuo-ku Osaka-shi
5410054
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Metals & Metal Products
Company Name : CHINA STEEL EXPRESS CORP
Address : 32Fl
Country :
Relationship : Subsidiary
Legal Form : Public Company
Company Type : Service
Industry : Transportation
Company Name :
Address : 31Fl, 8 Ming-chuan
Country :
Relationship : Subsidiary
Legal Form : Public Company
Company Type : Trader
Industry : Metals & Metal Products
Company Name : CHINA STEEL MACHINERY CORP
Address :
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Machinery
Company Name :
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : CHINA STEEL SECURITY CORP
Address : 17Fl
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : CHINA STEEL STRUCTURE CO LTD
Address :
Country :
Relationship : Minor Investments
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Metals & Metal Products
Company Name : CHINA STEEL STRUCTURE CO LTD - KUNSHAN
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Metals & Metal Products
Company Name : CHINA STEEL STRUCTURE INVESTMENT PTE LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : CHINA STEEL STRUNCTURE HOLDING CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : CHINA STEEL STRUNCTURE INVESTMENT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : CHING CHENG FA INVESTMENT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : CHING YU INVESTMENT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : CHUN YU INVESTMENT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : CHUNG HUNG STEEL CORP
Address :
Country :
Relationship : Minor Investments
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Metals & Metal Products
Company Name : CHUNG MAO TRADING (BVI) CO
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Metals & Metal Products
Company Name : CHUNG MAO TRADING (
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Metals & Metal Products
Company Name : CS ALUMINIUM CORP
Address :
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Metals & Metal Products
Company Name : CSE TRANSPORT CORP
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Transportation
Company Name : CSEI TRANSPORT CORP (
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Transportation
Company Name : CSGT (
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Metals & Metal Products
Company Name : DRAGON STEEL CORP
Address :
Country :
Relationship : Minor Investments
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Metals & Metal Products
Company Name : EVER GLORY INT'L CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : FULTECH CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Chemicals
Company Name : GAINS INVESTMENT CORP
Address : 30Fl,
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : GAINSPLUS ASSET MANAGEMENT INC
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : GOANG YAW INVESTMENT CORP
Address : 30Fl,
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : GROUP STEEL CORP (M) SDN BHD
Address : Kawasan Perindustrian Air Keroh 180 Air Keroh 75450 Malacca
Country :
Relationship : Minor Investments
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Metals & Metal Products
Company Name : HIMAG MAGNETIC (
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Metals & Metal Products
Company Name : HIMAG MAGNETIC CORP
Address :
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Metals & Metal Products
Company Name : HSIN MAO INVESTMENT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : HUNG CHUAN INVESTMENT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : HUNG KAO INVESTMENT DEVELOPMENT CORP
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : HUNG YI INVESTMENT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : INDUSTRIAL BANK OF
Address : 1Fl Capital Square 97-101 Sung
Country :
Relationship : Minor Investments
Legal Form : Public Company
Company Type : Service
Industry : Financial Services - General
Company Name : INFO-CHAMP SYSTEMS (BVI) CORP
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : INFOCHAMP SYSTEMS CORP
Address : 11Fl, 6 Ming-Chuan
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : INFOCHAMP SYSTEMS CORP (
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : KANG PAO TECHNOLOGY CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : KAO JUI INVESTMENT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : KAOHSIUNG RAPID TRANSIT CORP
Address : 1 Chung An Rd
Country :
Relationship : Minor Investments
Legal Form : Private company with limited liability
Company Type : Service
Industry : Transportation
Company Name : KUANG YAO INVESTMENT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : LEFKARA LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : LI CHING LUNG INVESTMENT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : LIEN CHUAN CONSTRUCTION TECHNOLOGY CONSULTATION (SHANHAI)
CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : LUNG YUAN FA INVESTMENT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : NING PO HUA YANG ALUMINUM TECHNOLOGY CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Metals & Metal Products
Company Name : ORNACONSTRUCTION CORP SDN BHD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Construction & Construction Materials
Company Name : ORNASTEEL ENTERPRISE CORP (M) SDN BHD
Address : 180 Kawasan Perindustrian Ayer Keroh Melaka 75450 Malacca
Country :
Relationship : Minor Investments
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Metals & Metal Products
Company Name : ORNASTEEL HOLDINGS BHD
Address : 180 Kawasan Industri Ayer Keroh Air Keroh Melaka 75450 Malacca
Country :
Relationship : Subsidiary
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Metals & Metal Products
Company Name : OVERSEAS INVESTMENT & DEVELOPMENT CORP
Address : 3Fl 230 Chang An
Country :
Relationship : Minor Investments
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : PAO GOOD INDUSTRIAL CO LTD
Address : 10Fl-3,
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Construction & Construction Materials
Company Name : PHALANX BIOTECH GROUP INC
Address :
Country :
Relationship : Minor Investments
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Medical Equipment & Pharmaceutical
Company Name : SHANHAI HAN YU CONSTRUCTION CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Construction & Construction Materials
Company Name : SHANHAI HSI KO ELECTRICAL CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Electrical Equipment & Appliances
Company Name : SHANHAI INT'L TRADING CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Metals & Metal Products
Company Name : SHENG LI TA INVESTMENT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : SYNTECH INFORMATION CO LTD
Address : 12Fl Bldg B
Country :
Relationship : Affiliate
Legal Form : Public Company
Company Type : Manufacturer
Industry : Computer & Information Products
Company Name : TAIGEN BIOTECHNOLOGY CO LTD
Address : 7Fl,
Country :
Relationship : Minor Investments
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Medical Equipment & Pharmaceutical
Company Name : TAISIL ELECTRONIC MATERIALS CORP
Address : Hsinchu Science-Based Industrial Park
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : TAIWAN HIGH SPEED RAIL CORP
Address : 3Fl,
Country :
Relationship : Minor Investments
Legal Form : Public Company
Company Type : Service
Industry : Transportation
Company Name : TAIWAN ROLLING STOCK CO LTD
Address :
Country :
Relationship : Minor Investments
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Hardware & Tools
Company Name : TAIWAN SEMICONDUCTOR MFG CO LTD
Address : Hsinchu Science-Based
Country :
Relationship : Minor Investments
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : TAIWAN STEEL CO LTD
Address :
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Metals & Metal Products
Company Name : TANG ENG IRON WORKS CO LTD
Address :
Country :
Relationship : Minor Investments
Legal Form : Public Company
Company Type : Manufacturer
Industry : Metals & Metal Products
Company Name : THINTECH MATERIALS TECHNOLOGY CO LTD
Address : 8Fl-2 2 Lane
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Metals & Metal Products
Company Name : TING DA INVESTMENT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : TRANSYANG SHIPPING PTE LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Transportation
Company Name : UNION STEEL DEVELOPMENT CORP
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Metals & Metal Products
Company Name : UNITED STEEL ENGINEERING & CONSTRUCTION CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Construction & Construction Materials
Company Name : UNITED STEEL ENGINEERING & CONSTRUCTION CORP
Address :
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Construction & Construction Materials
Company Name : UNITED STEEL INT'L CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Metals & Metal Products
Company Name : UNITED STEEL INT'L DEVELOPMENT CORP
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Metals & Metal Products
Company Name : UNITED STEEL INVESTMENT HOLDING CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : UNITED STEEL INVESTMENT PTE LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : UNIVERSAL EXCHANGE INC
Address : 11Fl
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Computer & Information Products
Company Name : WUXI TECO ELECTRIC & MACHINERY CO LTD
Address : Wangzhuang Industrial Park
Country :
Relationship : Minor Investments
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Electrical Equipment & Appliances
Company Name : YUN HUNG INVESTMENT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : YUN YING INVESTMENT CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
PAYMENT RATING : 1 OBTAINED SCORES : 92
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers of
SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for LARGE
amounts depending on individual judgement experience.
*BANK DETAILS*
===============
Bank Name : AMERICAN EXPRESS BANK LTD
Branch : Sungshan Dist,
Branch Address : 10Fl, Home Young Bldg
SWIFT Code : AEIBTWTX
Bank Name : BANK OF
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : BKTWTWTP
Bank Name : CITIBANK NA
Branch : Sungshan Dist,
Branch Address : Walsin Financial Bldg 117-1 Min Sheng East Rd Section 3
SWIFT Code : CITITWTX
Bank Name : FARMERS BANK OF
Branch : Chungshan Dist,
Branch Address :
SWIFT Code : FBOCTWTP
Bank Name : MEGA INT'L COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : ICBCTWTP
Bank Name : TAIWAN COOPERATIVE BANK
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : TACBTWTP
Bank Name : MIZUHO CORPORATE BANK LTD, THE
Branch : Sungshan Dist,
Branch Address : 2Fl Hung Kuo Bldg
SWIFT Code : MHCBTWTP
*Financial History*
===============
1986 - CSC's
sales totaled NTD 40,933M, a rise from 1985 sales of NTD 38,840M. However their
1984 sales exceeded recent years with a total sales value of NTD 41,385M.
October 1993 - In
accordance with its privatization scheme starting July, the government would be
selling its shares in CHINA STEEL CORP.
1994 - Released NTD 908 million
shares.
May 2002 - Sales rose
25% to NTD 8.8 billion. Achieved net income of NTD 1.1 billion
April 2003 - Profit
before taxes in the first quarter jumped to NTD 10.8 billion (USD310 million)
from NTD1.57 billion a year.
-
Sales rose to NTD 30.4 billion from NTD21.1 billion.
Balance Sheet
Currency : NTD
Denomination : In thousands
Year ending : 31 December
2007 2006
---------------- ----------------
Current Assets
79,510,065 75,046,154
Funds & long-term investment
81,456,214 74,731,278
Property
115,769,832 110,453,314
Other Assets
4,964,653 5,395,949
Total Assets
281,940,623 265,626,695
Current Liabilities 5,124,032 38,928,520
Long-term Liabilities 18,145,654 17,126,250
Other Liabilities 3,844,523 3,867,629
Total Liabilities 59,285,333 62,093,523
Common stock 115,352,910 110,944,516
Capital Reserve
1,878,630 1,548,370
Retained Earnings 98,612,729 83,429,463
Total Shareholder's Equity
222,655,290 203,533,172
Income Statement
Currency : NTD
Denomination : In thousands
Year ending : 31 December
2007 2006
---------------- ----------------
Operating revenue 207,918,952 177,658,233
Gross Profit
55,213,555 43,441,975
Operating Income 48,716,314 37,744,728
Non-operating income 14,796,765 11,422,949
Non-operating expense 1,861,405 1,488,924
Net Income 51,263,874
39,158,584
Earnings (losses) per share (After) - 3.56
*Financial Ratios*
==============
Year ending : 31 December
2007 2006
-------------
--------------
Ratio of liabilities to Assets % 21.0 23.00
Ratio of long-term capital to
fixed Assets% 207.00 200.00
Current ratio%
226.00 193.00
Quick ratio%
98.00 97.00
Interest coverage 109.00 89.00
Turnover of receivable (times) 51.00 45.00
Average collection period of
receivable
7.00 8.00
Turnover of inventories (times) 4.00 4.00
Turnover of expense (times) 33.00 44.00
Average days of sales 86.00 95.00
Turnover of total assets (times) 0.74 0.67
Return on total assets% 18.18 14.74
Operating Income 42.00 34.00
Net Income before tax 3.00 43.00
Profit margin%
25.00 22.00
*Financial Structure*
================
Sales Breakdown as per product :
1997 1998
-------------
--------------
Hot-rolled (NTD)
35,384 36,774
% of sales
36.20 37.35
Units (tons)
3,566,005 4,206,092
Avg. price per ton (NTD) 9,923 8,743
Cold-rolled (NTD)
29,003 25,534
% of sales
29.67 25.93
Units (tons) 2,283,668 1,973,646
Avg. price per ton (NTD) 12,700 12,938
Plates (NTD)
12,274 12,787
% of sales 12.56 12.99
Units (tons)
1,091,039 1,100,096
Avg. price per ton (NTD) 11,250 11,623
Wire rods 11,533 12,772
% of sales
11.80 12.97
Units (tons)
1,062,972 1,142,313
Avg. price per ton (NTD) 10,850 11,181
Bars
6,003 6,607
% of sales
6.14 6.71
Units (tons)
566,308 593,884
Avg. price per ton (NTD) 10,600 11,126
Slabs
2,524 116
% of sales
2.58 0.12
Units (tons)
347,393 13,133
Avg. price per ton (NTD) 7,265 8,832
Pig iron
33 41
% of sales
0.03 0.04
Units (tons)
6,961 7,351
Avg. price per ton (NTD) 4,760 5,513
Other
1,002 3,828
Total steel products (tons) 8,917,385 9,036,515
YoY change
24.40 1.34
Net sales
97,756 98,459
YoY change (%)
14.50 0.72
Sales Output (in NTD x 1000)
Product
1995
1996 1997 2006
-------------
-------------
--------------
--------------
--------------
Hot Rolled Products
22,686,612
25,020,968 26,067,325 4,349,382
Cold Rolled Products
23,483,228
26,769,222
28,075,602 2,643,517
Pig Iron
113,476
98,941 42,633 14,616
Steel Billet
378,209
902,905 2,031,105 197,854
Wire Rods
10,935,533
12,125,395
11,391,013 1,139,030
Steel Strip
4,953,064
5,489,975
5,585,401 525,560
Steel Plates
9,220,097
12,384,052
12,313,156 1,075,520
*Financial Summary (Currency:
==============================
Year Sales Assets Net Income
1997 $3,646,629,629.63 $6,237,300,000.00
$415,500,000.00
1998 $3,057,700,000.00 $6,316,900,000.00 $569,300,000.00
1999 $2,864,500,000.00 $6,516,300,000.00 $481,900,000.00
2000 $3,144,839,031.25 $6,530,694,625.00 $580,672,968.75
2001 $2,469,566,627.97 $5,772,983,168.89 $216,475,623.91
2002 $2,872,660,132.22 $5,617,773,296.92 $484,020,695.60
2003 $3,739,988,379.47 $6,363,054,181.08 $1,066,297,981.55
2004 $5,060,752,962.41 $7,170,195,308.27 $1,552,381,684.21
2005 $5,886,814,186.41 $7,922,980,726.70 $1,600,209,763.03
2006 $5,370,563,270.86 $8,029,827,539.30 $1,183,754,050.79
2007 $6,273,957,513.58 $8,507,562,552.81 $1,546,888,171.39
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
1997 $432,290,000.00 $792,940,000.00 $1,225,230,000.00
1998 $1,307,960,000.00 $574,640,000.00 $1,882,600,000.00
1999 $1,020,550,000.00 $714,590,000.00 $1,735,140,000.00
2000 n/a $628,967,806.25
$628,967,806.25
2001 n/a $493,911,781.78
$493,911,781.78
2002 n/a $574,532,911.76
$574,532,911.76
2003 $1,309,086,891.00 $930,048,668.00 $2,239,135,559.00
2004 $1,900,488,574.98 $1,176,073,628.00 $3,076,562,202.98
2005 $2,656,742,765.97 $1,356,271,465.97 $4,013,014,231.94
2006 $2,553,808,948.00 $1,314,389,359.13 $3,868,198,307.13
2007 $3,092,939,046.47 $1,488,835,244.42 $4,581,774,290.89
SC is considered large-sized in its line with a development history of
37 years. Credit dealings with SC in favorable terms can be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3316 Cold-Rolled
Steel Products
Manufacturing 3400 Fabricated
Metal Products
Manufacturing 3462 Iron
& steel forgings
Manufacturing 3499 Fabricated
metal products,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 7207110000 Semifinished
products of iron or nonalloy steel under 0.25 percent carbon rectangular or
square cross-section width less than twice the thickness
Exporting 7207120000 Semifinished
products of iron or nonalloy steel less than 0.25 percent carbon, rectangular
cross section, width at least twice the thickness
Exporting 7207120010 Semifinished
products of iron or nonalloy steel under 0.25 percent carbon rectanglr
cross-section width less thn 4 times the thickness
Exporting 7207120050 Semifinished
products of iron or nonalloy steel under 0.25 percent carbon rectangular
cross-section width at least 4 times the thickness
Exporting 7207190000 Semifinished
products of iron or nonalloy steel less than 0.25 percent carbon, cross section
other than rectangular or square
Exporting 7207190030 Semifinished
products of iron or nonalloy steel under 0.25 percent carbon circular
cross-section
Exporting 7207190090 Other
semifinished products of iron or nonalloy steel under 0.25 percent carbon,
other
Exporting 7208253000 Flat-rolled
high-strengh steel, 600mm or more wide, hot-rolled, not clad, plated or coated,
coils, pickled, thickness of 4.75mm or more
Exporting 7208256000 Flat-rolled
iron or nonalloy steel, 600mm or more wide, hot-rolled, not clad, plated or
coated, coils, pickled, thickness of 4.75mm or more
Exporting 7208260030 Flat-rolled
high-strength iron or nonalloy steel coils 600mm or more wide hot-rolled, not
clad, plated or coated 3 but less than 4.75mm thick, pickled
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Steel plate high
& medium
Manufacturer Carbon steel
sheets
Manufacturer Steel sheets,
coated
Manufacturer Cold rolled steel
coils
Manufacturer Steel sheets,
cold-rolled
Manufacturer Galvanized steel sheets
Manufacturer Steel sheets
Manufacturer Steel coil
Manufacturer Carbon steel
bars
Manufacturer Carbon steel
plates
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region
Pacific Importing
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.95 |
|
|
1 |
Rs.79.56 |
|
Euro |
1 |
Rs.63.65 |
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%)