MIRA INFORM REPORT

Report Date :

26.12.2011

IDENTIFICATION DETAILS

Name :	TMSTEEL TECH CORPORATION

Registered Office :	6-309, Industrial Tools Circulating Center 152-2, Gamjeon-dong, Sasang-gu, Busan, Korea 617-721

Country :	South Korea

Date of Incorporation :	27.05.2011

Legal Form :	Sole Proprietorship

Line of Business :	Wholesale of Basic Metals

No. of Employees :	2

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New Concern
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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Basic Information

Company Name	TMSTEEL TECH CORPORATION (Korean Company Name : “티엠에스철강”)
Registered Address	152-2, Gamjeon-dong, Sasang-gu, Busan, Korea
Building	6-309, Industrial Tools Circulating Center
Zip Code	617-721
Tel	+82-51-327-8381~5
Fax	+82-51-327-8388~89
E-mail	info@tmsteel-tech.com
Website	www.tmsteel-tech.co.kr
Trading Address	720-1,
Tel	+82-51-327-0737~8
Fax	+82-51-323-0737~8
Type	Export
Industry	Wholesale of Basic Metals
Main Business	Steel Plate, Steel Pipe, Steel Plate, Steel Sheet, Hot Rolled Plate, Coil
Sub Business
Established (mm/dd/yyyy)	05/27/2011

Detailed Products

Activity	Detailed Products (UNSPSC)
Sell	Steel plate(30102204)
Sell	Steel(11101704)
Sell	Coil(30101900)

CEO’s

Name	Kim Young-Kyu
Title	Owner
Sex	Male
Nationality	Korean

Profiles

Capital (KRW)	Not Applicable to the Sole Proprietorship
Employees	2
Formation	Sole Proprietorship
Bank Details	N/A
Corporate Registered No.	Not Applicable to the Sole Proprietorship
Business Registered No.	607-13-***** (The full numbers are kept by the National Tax Service confidentially.) Because the subject’s full Business Registered No., for checking through the National Tax Service whether the subject is still existing or not, is not available, so we cannot confirm if the subject exist or not legally.)
Permit & Licenses	N/A
Shareholder Position	The owner has 100% shares.
Company History	05/27/2011 Established as the present name

Management

Job Description	Title	Name	Sex	Nationality	Inauguration Date
Owner	Mr.	Kim Young-Kyu	Male	Korean	05/27/2011

Financials

Year / Unit : KRW	Sales	Assets	Net Income
2011

The financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

Financial Description

Authorized Capital(KRW)	Not Applicable to the Sole Proprietorship
Paid-Up Capital(KRW)	Not Applicable to the Sole Proprietorship
Total Issues Shares	Not Applicable to the Sole Proprietorship

Products, Technologies, Services Description

Main Products & Services

Steel Plate, Steel Pipe, Steel Plate, Steel Sheet, Hot Rolled Plate, Coil

Trade Partners & Competitors

Competitors

B STEEL CORPORATION

C-126, MARTWORLD, 520-1, GAMJEON-DONG, SASANG-GU, BUSAN, KOREA

TEL:+82-70-4384-5058 FAX:+82-70-4384-5060

SUNGHO STEEL CO., LTD.

823, CHIMSAN 1-DONG, BUK-GU, DAEGU, KOREA

TEL:+82-53-356-3587 FAX:+82-53-351-7577

HAN MOO INC.

RM. 724, SUSEO HYUNDAI VENTURE VILLE, 713, SUSEO-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-3474-5154 FAX:+82-2-3474-5032

Sales by Region

(Activity & Markets)

The Subject exports to Indonesia, Pakistan, Bangladesh and Vietnam.

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%)

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