MIRA
INFORM REPORT
|
Report Date : |
17.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
POSCO TMC CO., LTD. |
|
|
|
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Registered Office : |
399, Gunseo-ri, Jiksan-eup, Seobuk-gu, Cheonan-si,
Chungcheongnam-do, Korea 331-811 |
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Country : |
South Korea |
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|
|
|
Financials (as on) : |
31.12.2010 |
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|
|
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Date of Incorporation : |
05.08.1974 |
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|
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Com. Reg. No.: |
312-81-16461 |
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|
|
|
Legal Form : |
Co., Ltd by Shares |
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|
|
|
Line of Business : |
Manufacture of Other Electronic Valves, Tubes and Electronic
Components |
|
|
|
|
No. of Employees : |
243 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Basic Information
|
Company
Name |
POSCO TMC CO., LTD. (Ex. Company Name : POSCORE
CO., LTD.) (Korean Company Name : (주)포스코티엠씨) |
|
Registered Address |
399, Gunseo-ri, Jiksan-eup, Seobuk-gu,
Cheonan-si, Chungcheongnam-do, Korea |
|
Zip Code |
331-811 |
|
Tel |
+82-41-580-1331 |
|
Fax |
+82-41-581-9559 |
|
E-mail |
admin@pos-core.com |
|
Website |
www.pos-core.com |
|
Trading Address |
399, Gunseo-ri, Jiksan-eup, Seobuk-gu,
Cheonan-si, Chungcheongnam-do, Korea |
|
Tel |
+82-41-580-1331 |
|
Fax |
+82-41-581-9559 |
|
Other Address-Pohang Factory |
586, Ho-dong, Nam-gu, Pohang-si,
Gyeongsangbuk-do, Korea |
|
Tel |
+82-54-288-2504~6 |
|
Fax |
+82-54-278-5524 |
|
Other Address-Pohang Branch |
San 63-16, Yonghan-ri,
Heunghae-eup, Buk-gu, Pohang-si, Gyeongbuk, Korea |
|
Type |
Export/Import |
|
Industry |
Manufacture of Other Electronic Valves, Tubes and Electronic
Components n.e.c. |
|
Main Business |
Motor Core, Silicon Steel, Troy, Mold Strips, EI, Motor Ass`y, Tool |
|
Established (mm/dd/yyyy) |
08/05/1974 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Motor or generator components(26101800) |
|
Sell |
Foundry supplies(23161600) |
|
Buy |
Steel plate(30102204) |
CEOs
|
Name |
Jang Byung-Hyo |
|
Address |
Suite 501-101, 401-2, Pungdeokcheon-dong,
Suji-gu, Yongin-si, Gyeonggi-do, Korea |
|
Date of Birth |
12/11/1953 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
29,688,035,000 |
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|
Employees |
243 |
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|
Formation |
Co., Ltd by Shares A Company of POSCO Group |
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|
Bank Details |
Woori Bank Shinhan Bank Nonghyup Bank(National Agricultural
Cooperative Federation) SC First Bank of Korea-Cheonan Corporate
Finance Branch |
|||||||||||||||||||||
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Corporate Registered No. |
134811-0003343 |
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Business Registered No. |
312-81-16461 |
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Permit & Licenses |
Intl Trade No: 772084 |
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|
Shareholder Position |
|
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|
Company History |
08/05/1974 incorporated as HANKOOK CORE
CO., LTD. 05/07/2007 Changed company name to POSCORE
CO., LTD. 01/09/2010 Increased capital to
29,688,035,000 KRW from 19,535,755,000 KRW 07/05/2010 Changed company name to the
present name |
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Jang Byung-Hyo |
Male |
Korean |
03/02/2010 |
|
Director |
Mr. |
Shin Jong-Taik |
Male |
Korean |
05/03/2005 |
|
Outside Director |
Mr. |
Jung Hyung-Ki |
Male |
Korean |
03/06/2009 |
|
Director |
Mr. |
Yang Jae-Phil |
Male |
Korean |
03/02/2010 |
|
Director |
Mr. |
Hwang Bo-Won |
Male |
Korean |
02/28/2011 |
|
Director |
Mr. |
Shin Jong-Taik |
Male |
Korean |
05/06/2011 |
|
Auditor |
Mr. |
Park Yong-Nam |
Male |
Korean |
12/08/2010 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
189,685,573,678 |
140,656,744,762 |
7,511,743,693 |
|
|
2009 |
186,704,914,046 |
98,122,091,131 |
11,030,174,796 |
|
2008 |
180,221,761,833 |
92,180,363,312 |
21,235,345,444 |
|
2007 |
115,645,393,677 |
71,089,766,604 |
-10,663,941,987 |
|
2006 |
100,799,817,995 |
73,525,705,663 |
-9,865,435,547 |
|
2005 |
91,667,220,773 |
83,152,024,120 |
4,716,032,046 |
Financial Description
|
Authorized Capital(KRW) |
150,000,000,000 |
|
Paid-Up Capital(KRW) |
29,688,035,000 |
|
Total Issued Shares |
5,937,607 |
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
140,656,744,762 |
98,122,091,131 |
92,180,363,312 |
|
Current Assets |
57,101,135,156 |
40,748,910,145 |
47,055,178,766 |
|
-Quick Assets |
40,043,629,145 |
30,649,764,191 |
27,918,793,962 |
|
-Inventories |
17,057,506,011 |
10,099,145,954 |
19,136,384,804 |
|
Fixed Assets |
83,555,609,606 |
57,373,180,986 |
45,125,184,546 |
|
-Investment |
18,340,674,042 |
13,915,989,248 |
16,334,949,981 |
|
-Tangibles |
63,251,988,044 |
41,923,160,231 |
28,479,572,065 |
|
-Intangibles |
380,073,125 |
488,750,000 |
- |
|
-Others |
1,582,874,395 |
1,045,281,507 |
310,662,500 |
|
Total Liabilities |
53,951,909,696 |
45,017,075,848 |
47,983,805,814 |
|
Current Liabilities |
49,906,007,825 |
40,813,752,771 |
44,230,797,550 |
|
Fixed Liabilities |
4,045,901,871 |
4,203,323,077 |
3,753,008,264 |
|
Capital Stock |
29,688,035,000 |
19,535,755,000 |
19,535,755,000 |
|
Capital Surplus |
15,795,125,440 |
- |
|
|
Profit Surplus |
36,931,390,268 |
29,498,646,575 |
18,468,471,779 |
|
Capital Adjustment |
4,290,284,358 |
4,070,613,708 |
6,192,330,719 |
|
Total Equity |
86,704,835,066 |
53,105,015,283 |
44,196,557,498 |
|
Liab. & Shareholders Equity |
140,656,744,762 |
98,122,091,131 |
92,180,363,312 |
|
Current
Liabilities |
49,906,007,825 |
40,813,752,771 |
44,230,797,550 |
|
Trade Payables |
13,248,921,324 |
13,517,966,704 |
20,630,917,522 |
|
Short-Term Borrowings |
30,873,751,107 |
23,384,723,381 |
19,524,384,358 |
|
Account Payables |
4,362,090,202 |
2,370,628,153 |
2,908,572,301 |
|
Accrued Expenses |
- |
- |
35,683,397 |
|
Accrued Income Tax |
803,245,548 |
666,783,721 |
- |
|
Advance Receipts |
249,670,303 |
545,450,021 |
928,559,211 |
|
Withholdings |
368,329,341 |
328,200,791 |
202,680,761 |
|
Fixed
Liabilities |
4,045,901,871 |
4,203,323,077 |
3,753,008,264 |
|
Provision for Severance & Retirement |
4,401,347,817 |
4,713,584,616 |
4,292,750,677 |
|
Long-Term Advance Receipts |
51,873,431 |
- |
- |
Income
Statement
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
189,685,573,678 |
186,704,914,046 |
180,221,761,833 |
|
Cost of Sold Goods |
170,006,208,650 |
166,502,282,643 |
152,695,428,027 |
|
Gross Profit |
19,679,365,028 |
20,202,631,403 |
27,526,333,806 |
|
Selling & Admin. Expenses |
11,222,029,271 |
7,445,132,611 |
8,728,770,135 |
|
Operating Income |
8,457,335,757 |
12,757,498,792 |
18,797,563,671 |
|
Non-Operating Income |
2,681,086,019 |
1,450,532,732 |
6,318,939,012 |
|
Non-Operating Expenses |
2,378,732,603 |
3,795,403,870 |
3,881,157,239 |
|
Income Before Taxes |
8,759,689,173 |
10,412,627,654 |
21,235,345,444 |
|
Income Taxes Expenses |
1,247,945,480 |
-617,547,142 |
- |
|
Net Income |
7,511,743,693 |
11,030,174,796 |
21,235,345,444 |
Cash
Flows
|
Unit :
Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows
from Operating |
-7,078,003,430 |
16,836,189,828 |
20,290,580,966 |
|
-Net Income |
7,511,743,693 |
11,030,174,796 |
21,235,345,444 |
|
-Exp.
without Cash Outflow |
4,159,889,894 |
5,500,885,652 |
7,359,633,796 |
|
-Revenue
without Cash Inflows |
-1,733,929,396 |
-189,042,557 |
-3,868,137,348 |
|
-Changes in
Asset/ & Liability |
-17,015,707,621 |
494,171,937 |
-4,436,260,926 |
|
Cash Flows
from Investing |
-27,473,669,446 |
-16,478,525,265 |
-2,699,148,679 |
|
-Cash Inflow
from Investing |
1,360,205,266 |
57,891,209,042 |
5,360,655,157 |
|
-Cash
Outflows for Investing |
-28,833,874,712 |
-74,369,734,307 |
-8,059,803,836 |
|
Cash Flows
from Financing |
33,436,433,166 |
3,860,339,023 |
-17,449,209,198 |
|
-Cash
Inflows from Financing |
187,441,029,962 |
156,269,324,162 |
142,266,022,469 |
|
-Cash
Outflows from Financing |
-154,004,596,796 |
-152,408,985,139 |
-159,715,231,667 |
|
Increase/Decrease
in Cash |
-1,115,239,710 |
4,218,003,586 |
142,223,089 |
|
Cash at the
Beginning of Year |
5,147,348,485 |
929,344,899 |
787,121,810 |
|
Cash at the
End of Year |
4,032,108,775 |
5,147,348,485 |
929,344,899 |
Products, Technologies, Services Description
|
Main Products & Services |
Motor Core, Silicon Steel, Troy, Mold Strips, EI, Motor Ass`y, Tool |
Trade Partners & Competitors
|
Suppliers |
POSCO(174611-0000741) |
|
Customers |
DAEWOO INTERNATIONAL CORPORATION(110111-2137358) |
|
Competitors |
HAEWON ST CO., LTD. 546-7, OSEON-DONG, GWANGSAN-GU, GWANGJU,
KOREA TEL:+82-62-958-7000 FAX:+82-62-958-7095 HAN YANG STEEL IND. CO., LTD. 472-2, JAKJEON 2-DONG, GYEYANG-GU, INCHEON,
KOREA TEL:+82-32-547-5540 FAX:+82-32-549-7914 CORE STEEL CO., LTD. 988-1, BONSAN-RI, JINYEONG-EUP, GIMHAE-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-342-3604 FAX:+82-55-342-3601 |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
POSCO(174611-0000741) POSCO COATED & COLOR STEEL CO.,
LTD.(174611-0006492) POSCO ENGINEERING & CONSTRUCTION CO.,
LTD.(174611-0002979) POSDATA CO., LTD.(110111-0658637) POSCO REFRACTORIES & ENVIRONMENT CO.,
LTD.(174611-0001947) SAMJUNG PACKING AND ALUMINUM CO.,
LTD.(174611-0000866) POS-A.C. CO., LTD.(174611-0003448) POSCO ENGINEERING & CONSTRUCTION CO.,
LTD.(174611-0002979) POSCO RESEARCH INSTITUTE(110111-1042350) POSCO CHEMTECH CO., LTD.(174611-0001947) POSTEEL(110111-0344591) POSCO SPECIALTY STEEL CO., LTD.
(194211-0025248) POSMEC(POSCO MACHINERY & ENGINEERING
CO., LTD.)(174611-0012176) POSCO TERMINAL CO., LTD.(204611-0017575) POSTECH VENTURE CAPITAL COOPERATION
(174611-0029080) POSMATE CO., LTD.(110111-0739841) POSCO POWER CORPORATION(110111-1829576) SNNC CO., LTD.(204611-0023415) PHP CO., LTD.(120111-0421545) POSBRO(110111-3528986) SUWON GREEN ENVIRONMENT
CORPORATION(134811-0133794) POSCORE CO., LTD.(134811-0003343) RIZTECH BIZ CO., LTD. POSWITH CO., LTD.(171711-0075927) P&R CO., LTD. UITRANS CO., LTD.(110111-3792309) BASYS INDUSTRY CO. LTD.(110111-0954647) UNIVERSAL STUDIOS RESORT DEVELOPMENT
CORPORATION(134811-0167222) METAPOLIS CO., LTD.(134811-0094475) SEOUNG GWANG CO., LTD.(120111-0222844) CHEONGNA IBT CO., LTD.(120111-0454520) POHANG FEUL CELL CO., LTD.(171711-0076256) MEGA ASSET
CO., LTD.(161511-0097480) DAEWOOENGINEERING COMPANY CO.,
LTD.(110111-0203268) POS ECO HOUSING CO., LTD.( 171711-0085893) DAKOS CO., LTD.(131111-0246297) MAPO HYBROAD PARKING CO., LTD.(110111-4250140) GWANGYANG FSC CO., LTD.(204611-0031385) POSPLATE CO., LTD.(204611-0031252) POS CALCIUM CO., LTD.(171711-0086180) (70.0% held by the subject company) |
|
Subsidiary |
SOZHOU POHANG SCIENCE TECHNOLOGY CO.,
LTD.(CHINA) (69.70% held by the subject company) POSCO-CORE INDIA (74.02% held by the subject company) |
|
Corporate Ownership |
POSCO(174611-0000741) POSTEEL(110111-0344591) |
|
Major Shareholders |
POSTEEL(110111-0344591) |
|
Cooperative Enterprise |
-Insured Company HYUNDAIMARINE&FIREINSURANCECO., LTD.(110111-0035893) DONGBU INSURANCE CO., LTD.(110111-0095285) |
Sales by Region
(Activity &
Markets)
The Subject exports
to USA, France, Germany and China.
Court Action
No.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.81 |
|
|
1 |
Rs.82.00 |
|
Euro |
1 |
Rs.68.81 |
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 |
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 |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs 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.