MIRA INFORM REPORT

 

 

Report Date :

26.12.2011

 

IDENTIFICATION DETAILS

 

Name :

STX MARINE SERVICE CO., LTD.

 

 

Registered Office :

15~18th Fl., STX Pan Ocean Busan Bldg. 83-5, Jungangdong 4-ga, Jung-gu, Busan, Korea 600-725

 

 

Country :

South Korea

 

 

Date of Incorporation :

15.04.2011

 

 

Com. Reg. No.:

602-81-54470

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Ship Management, Marine Engineering, Marine Equipment Sales & Procurement

 

 

No. of Employees :

450

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

New Company

Payment Behaviour :

Unknown

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

STX MARINE SERVICE CO., LTD.

(Korean Company Name : “에스티엑스마린서비스(주)”)

Registered Address

83-5, Jungangdong 4-ga, Jung-gu, Busan, Korea

Building

15~18th Fl., STX Pan Ocean Busan Bldg.

Zip Code

600-725

Tel

+82-51-461-2000

Fax

+82-51-461-1529

E-mail

bsyoon@onestx.com;mscheon@onestx.com

Website

www.stxmarine.co.kr

Trading Address

9th Fl., STX Pan Ocean Busan Bldg., 83-5, Jungangdong 4-ga, Jung-gu, Busan, Korea

Tel

+82-51-461-2000

Fax

+82-51-461-2176~9

Other Address-Workshop Office

50-3, Seongju-dong, Seongsan-gu, Changwon-si, Gyeongsangnam-do, Korea

Tel

+82-55-278-1810

Fax

+82-55-278-1999

Other Address-Branch

93-3, Jungang-dong 1-ga, Masanhappo-gu, Changwon-si, Gyeongsangnam-do, Korea

Tel

+82-55-278-1842

Fax

+82-55-278-1996

Type

Services

Industry

Other Supporting Water Transport Activities

  Main Business

Ship Management, Marine Engineering, Marine Equipment Sales & Procurement

Established (mm/dd/yyyy)

04/15/2011

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Ship Management Services

Sell

Marine Engineering Services

Sell

Marine Equipment Sales & Procurement Services

 

 

CEO’s

 

Name

Lee Kwon-Hee

Address

Suite A-2602, 1498, U-dong, Haeundae-gu, Busan, Korea

Date of Birth

02/06/1957

Title

President & CEO

Sex

Male

Nationality

Korean

 

Profiles

 

Capital (KRW)

10,000,000,000

Employees

450

Formation

Co., Ltd by Shares

A Company of STX Group

Bank Details

Woori Bank

Corporate Registered No.

180111-0755413

Business Registered No.

602-81-54470

Permit & Licenses

N/A

Shareholder Position

Name

Shares

%

STX CORPORATION(194211-0000183)

4,000,000

100.00

TOTAL

4,000,000

100.00

Company History

04/15/2011 Incorporated as the present name after split off from STX Corporation

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Lee Kwon-Hee

Male

Korean

04/15/2011

Director

Mr.

Kim Dae-Yoo

Male

Korean

04/15/2011

Director

Mr.

Kim Bo-Yeon

Male

Korean

04/15/2011

Auditor

Mr.

Kim Han-Ki

Male

Korean

04/15/2011

 

 

Financial Description

 

Authorized Capital(KRW)

40,000,000,000

Paid-Up Capital(KRW)

10,000,000,000

Total Issued Shares

4,000,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Ship Management, Marine Engineering, Marine Equipment Sales & Procurement

 

 

 

 

 

Trade Partners & Competitors

 

Competitors

FORTUNE MARINE CO., LTD.

3RD FL., GYEONGBOK BLDG., 4-2, GWANGBOKDONG 1-GA, JUNG-GU, BUSAN, KOREA

TEL:+82-51-244-6635  FAX:+82-51-244-3639

 

GLOBAL SERVICE CORPORATION

28TH FL., MAPO TRAPALACE, 559, DOHWA-DONG, MAPO-GU, SEOUL, KOREA

TEL:+82-2-782-9770  FAX:+82-2-782-9775

 

HANJIN SHIP MANAGEMENT CO., LTD.

25TH FL., HANJIN SHIPPING BLDG., 79-9, JUNGANG-DONG 4-GA, JUNG-GU, BUSAN, KOREA

TEL:+82-51-460-8000  FAX:+82-51-469-1596

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates-Domestic

STX CORPORATION(194211-0000183)

STX PAN OCEAN CO., LTD.(110111-0004286)

STX CONSTRUCTION CO., LTD.(194111-0009939)

STX SOLAR CO., LTD.(110111-3788671)

FORCE TEC CO., LTD.(194211-0019522)

HEUNG KOOK MUTUAL SAVINGS BANK(180111-0010255)

SAEROM SUNGWON INDUSTRIAL CO., LTD.(194211-0004523)

CXD CO., LTD.(194111-0012685)

CHEIL A&C CO., LTD.(110111-3159351)

STX HEAVY INDUSTRIES CO., LTD.(194111-0009004)

STX ELECTRIC POWER CO., LTD.(144711-0019225)

STX MARINE SERVICE CO., LTD.(180111-0755413)

STX FUTURE INSTITUTE CO., LTD.(110111-4573433)

STX OFFSHORE & SHIPBUILDING CO., LTD.(180111-0002814)

STX ENGINE CO., LTD.(194211-0066763)

STX ENERGY CO., LTD.(135011-0121570)

STX RESORT CORPORATION(110111-3794644)

Affiliates-Overseas

STX NORWAY AS

STX EUROPE AS

STX(DAIRYIAN) SHIPBUILDING CO., LTD.(CHINA)

STX(DAIRYIAN) PRECISION CO., LTD. (CHINA)

STX(DAIRYIAN) OFFSHORE & HEAVY INDUSTRIES CO., LTD.(CHINA)

STX(DAIRYIAN) ENGINE CO., LTD.(CHINA)

STX(DAIRYIAN) METAL CO., LTD.(CHINA)

STX(DAIRYIAN) HEAVY INDUSTRIES CO., LTD.(CHINA)

STX(DAIRYIAN) HEAVY EQUIPMENT CO., LTD.(CHINA)

STX CONSTRUCTION(DAIRYIAN) CO., LTD.(CHINA)

STX(DAIRYIAN) INFORMATION & TECHNOLOGY CO., LTD.(CHINA)

DAIRYIAN STUS A&C CO., LTD.(CHINA)

POSI(DAIRYIAN) LOGISTICS CO., LTD.(CHINA)

STX(DAIRYIAN) TRADING CO., LTD.(CHINA)

STX BANGJISAN DEVELOPMENT (DAIRYIAN) CO., LTD. (CHINA)

STX-VINA HEAVY INDUSTRY CO., LTD

STX HEAVY INDUSTRIES(MUSOON) CO., LTD.(CHINA)

STX MONGOLIA LLC

STX CITINET, LLC.

STX MIDDLE EAST FZE.

STX (SHANGHAI) CORPORATION LTD.

STX BRASIL TRADING LTDA.

STX AMERICA INC.

STX PANOCEAN (AMERICA), INC.

STX PANOCEAN SINGAPORE PTE. LTD.

STX GULF SHIPPING DMCCO

STX LOGISTICS SINGAPORE PTE. LTD.

STX PANOCEAN LNG PTE. LTD.

STX PANOCEAN (HONG KONG) CO., LTD.

STX PANOCEAN (U.K) CO., LTD.

DTK OCEANIC LIMITED

STX JAPAN CORPORATION

STX GLOBAL LOGIX CO.,LTD.

STX PANOCEAN (CHINA) CO., LTD.

QINGDAO STX INTERNATIONAL LOGISTICS CO., LTD.

QINGDAO STX-KEYUN LOGISTICS CO., LTD

TIANJIN STX-SINOTRANS LOGISTICS CO., LTD.

SEA WIN SHIPPING CO., LTD.

LIANYUNGANG GLOBAL OCEAN SHIPPING CO., LTD.

FAR EASTERN SHIPYARD-STX

DS CEMENT LLP

STX WINDPOWER B.V.

QINGDAO STX MACHINERY CO., LTD.

SP/F STX FAROES LTD.

STX IRELAND LIMITED

STX ENERGY AMERICA, INC.

ORION STORY

STX ENGINEERING & CONSTRUCTION GHANA LIMITED

YOUNEX ENTERPRISES CORPORATION

STX APRILIS, INC

STX INTERNATIONAL TRADING (SINGAPORE) PTE, LTD.

STX SERVICE EUROPE B.V.

STX GHANA LIMITED

Corporate Ownership

STX CORPORATION(194211-0000183)

Major Shareholders

STX CORPORATION(194211-0000183)

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in China.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.72

UK Pound

1

Rs.82.70

Euro

1

Rs.68.90

 

 

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 SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.