MIRA INFORM REPORT
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Report Date : |
08.12.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
BENION CORP. |
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Registered Office : |
300-14, Bonsan-ri, Jinyeong-eup, Gimhae-si, Gyeongsangnam-do, Korea, Zip Code 621-803 |
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Country : |
South korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
10.10.2005 |
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Com. Reg. No.: |
615-81-46054 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Collection and Wholesale of Recycling Materials |
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No. of Employees
: |
9 Persons |
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 : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Korea |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic
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Company
Name |
BENION CORP. (Korean Company Name : “(주)베니온”) |
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Registered Address |
300-14, Bonsan-ri, Jinyeong-eup,
Gimhae-si, Gyeongsangnam-do, Korea |
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Zip Code |
621-803 |
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Tel |
+82-55-343-7178~9 |
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Fax |
+82-55-343-7180 |
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E-mail |
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Website |
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Trading Address |
Rm.1504,
Trade Tower, 159-1, Samseong-dong, Gangnam-gu, Seoul, Korea |
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Tel |
+82-2-558-4065~6 |
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Fax |
+82-2-561-1650 |
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Type |
Export/Import |
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Industry |
Collection and Wholesale of Recycling Materials |
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Main Business |
Non-Ferrous Metal Scrap, Steel Scrap |
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Established (mm/dd/yyyy) |
10/10/2005 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
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Sell |
Steel coil(30101904) |
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Sell |
Steel plate(30102204) |
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Sell |
Steel(11101704) |
CEO’s
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Name |
Lee Kyu-Hyung |
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Address |
Suite 241-1107, 89, Bangi-dong,
Songpa-gu, Seoul, Korea |
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Date of Birth |
09/06/1954 |
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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 (KRW) |
500,000,000 |
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Employees |
9 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Woori Bank-Teheranro Branch |
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Corporate Registered No. |
195511-0082655 |
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Business Registered No. |
615-81-46054 |
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Permit & Licenses |
Int’l Trade No.: 45315172 |
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Shareholder Position |
N/A |
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Company History |
10/10/2005 Incorporated as the present name 11/14/2005 Moved to the present HQ address
from 638-1, Gasan-ri, Hallim-myeon, Gimhae-si,
Gyeongsangnam-do, Korea 12/19/2009 Increased capital to 500,000,000
KRW from 200,000,000 KRW |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Lee Kyu-Hyung |
Male |
Korean |
10/10/2008 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
24,106,977,000 |
6,167,372,000 |
515,442,000 |
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2009 |
19,761,041,000 |
7,282,112,000 |
-130,961,000 |
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2008 |
22,265,344,000 |
7,146,836,000 |
320,556,000 |
|
2007 |
11,040,000,000 |
6,905,000,000 |
150,000,000 |
Financial Description
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Authorized Capital(KRW) |
800,000,000 |
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Paid-Up Capital(KRW) |
500,000,000 |
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Total Issues Shares |
50,000 |
Balance
Sheet
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|||
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Total Assets |
6,167,372,000 |
7,282,112,000 |
7,146,836,000 |
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Current Assets |
2,357,194,000 |
5,381,608,000 |
5,273,278,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
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Fixed Assets |
3,810,178,000 |
1,900,504,000 |
1,873,558,000 |
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-Investment |
- |
- |
- |
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-Tangibles |
- |
- |
- |
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-Intangibles |
- |
- |
- |
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Total Liabilities |
4,461,750,000 |
6,458,756,000 |
6,492,520,000 |
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Current Liabilities |
3,574,076,000 |
6,458,756,000 |
6,482,373,000 |
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Fixed Liabilities |
887,674,000 |
- |
10,147,000 |
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Capital Stock |
500,000,000 |
500,000,000 |
200,000,000 |
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Capital Surplus |
- |
- |
- |
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Profit Surplus |
1,205,622,000 |
323,356,000 |
454,316,000 |
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Capital Adjustment |
- |
- |
- |
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Total Equity |
1,705,622,000 |
823,356,000 |
654,316,000 |
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Liab. & Shareholder’s Equity |
6,167,372,000 |
7,282,112,000 |
7,146,836,000 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Sales |
24,106,977,000 |
19,761,041,000 |
22,265,344,000 |
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Cost of Sold Goods |
21,691,559,000 |
18,178,782,000 |
20,291,483,000 |
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Gross Profit |
2,415,418,000 |
1,582,259,000 |
1,973,861,000 |
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Selling & Admin. Expenses |
1,458,916,000 |
737,391,000 |
1,321,484,000 |
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Operating Income |
956,502,000 |
844,868,000 |
652,377,000 |
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Non-Operating Income |
887,674,000 |
- |
10,147,000 |
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Non-Operating Expenses |
517,316,000 |
1,571,262,000 |
409,968,000 |
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Income Before Taxes |
545,572,000 |
-58,399,000 |
369,408,000 |
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Income Taxes Expenses |
- |
- |
- |
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Net Income |
515,442,000 |
-130,961,000 |
320,556,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Steel Products, Nonferrous Metals,
Construction Products |
Trade Partners & Competitors
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Competitors |
GREEN STEEL CO., LTD. 22-201, INDUSTRIAL GOODS COMPLEX, 295, SONGNIM-DONG,
DONG-GU, INCHEON, KOREA TEL:+82-32-589-5791 FAX:+82-32-589-5790 YUJI CORPORATION RM. 403, CHUNGOK BLDG., 561-30, SINSA-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2-512-8861 FAX:+82-2-512-8862 JEIN CORPORATION CO., LTD. 3RD FL., 898-13, DAECHI 4-DONG, GANGNAM-GU,
SEOUL, KOREA TEL:+82-2-558-3791~3 FAX:+82-2-558-3950 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
BENION AMERICA, INC. 120, SYLVAN AVE. SUITE 300 ENGLEWOOD CLIFFS, NJ 07632, USA TEL:+1-201-944-9270
FAX:+1-201-944-9273 BENION MEXICO, INC. BENION TONGSANG CO., LTD.( 110111-1180960) EHWA YOUP CO., LTD.(110111-0238207) |
Sales by Region
(Activity & Markets)
The Subject deals
with the companies in China and USA.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.45 |
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UK Pound |
1 |
Rs.80.38 |
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Euro |
1 |
Rs.69.12 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.