MIRA
INFORM REPORT
|
Report Date : |
07.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
KST CO., LTD. |
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Registered Office : |
867, Songdong-ri, Daesong-myeon, Nam-gu,
Pohang-si, Gyeongsangbuk-do, Korea 790-841 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
16.03.2000 |
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Com. Reg. No.: |
506-81-35480 |
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Legal Form : |
Company Ltd by Shares |
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Line of Business : |
Manufacture of Other Refractory Ceramic Products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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 |
KST CO., LTD. (Korean Company Name : “(주)케이에스티”) |
|
Registered Address |
867, Songdong-ri, Daesong-myeon, Nam-gu,
Pohang-si, Gyeongsangbuk-do, Korea |
|
Zip Code |
790-841 |
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Tel |
+82-54-272-1921 |
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Fax |
+82-54-272-1922 |
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E-mail |
kst@kstfm.com |
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Website |
www.kstglobal.com |
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Trading Address |
867, Songdong-ri, Daesong-myeon, Nam-gu,
Pohang-si, Gyeongsangbuk-do, Korea |
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Tel |
+82-54-272-1921 |
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Fax |
+82-54-272-1922 |
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Other Address-Gwangyang Factory |
747-1, Chonam-ri, Gwangyang-eup, Gwangyang-si, Jeollanam-do, Korea |
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Tel |
+82-61-762-7721 |
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Fax |
+82-61-762-7731 |
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Type |
Export/Import |
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Industry |
Manufacture of Other Refractory Ceramic Products |
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Main Business |
Energy Saving Coating Material, Fe-Silicon Carbon, Moly-oxide Briquet,
Ferro Molybdenum |
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Sub
Business |
Manufacture of Ferro-Alloys |
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Established (mm/dd/yyyy) |
03/16/2000 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Coating paints(31211504) |
CEO’s
|
Name |
Kang Bong-Soo |
|
Address |
Suite 101-1702, 469-14, Daejam-dong,
Nam-gu, Pohang-si, Gyeongbuk, Korea |
|
Date of Birth |
04/07/1966 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital (KRW) |
1,258,000,000 |
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Employees |
32 |
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Formation |
Co., Ltd by Shares Venture Business |
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Bank Details |
Kookmin Bank Woori Bank Korea Development Bank |
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Corporate Registered No. |
171711-0040764 |
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Business Registered No. |
506-81-35480 |
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Permit & Licenses |
11/2003 NT Mark 09/2004 ISO 9001 |
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Shareholder Position |
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Company History |
03/16/2000 Incorporated as the present name 09/06/2001 Designated as a Venture Business 12/2003 Designated as an INNO-BIZ Company 06/10/2005 Increased the authorized shares to 100,000,000 shares from
10,000,000 shares 08/26/2005 Increased capital to 1,258,000,000 KRW from 1,178,000,000
KRW 10/10/2009 Moved to the present HQ address from 180-7, Ocheon-ri, Yeonil-eup, Nam-gu, Pohang-si, Gyeongbuk, Korea 11/12/2009 Designated as a Venture Business
again |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kang Bong-Soo |
Male |
Korean |
03/17/2011 |
|
Director |
Mr. |
Park Byung-Gon |
Male |
Korean |
02/06/2007 |
|
Director |
Mr. |
Choi Soon-Yong |
Male |
Korean |
02/07/2010 |
|
Auditor |
Mr. |
Lee Jung-Mo |
Male |
Korean |
02/07/2010 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
26,604,235,454 |
26,604,235,454 |
1,117,302,266 |
|
|
2009 |
15,068,643,998 |
15,068,643,998 |
573,748,571 |
|
2008 |
16,069,267,469 |
16,069,267,469 |
164,752,236 |
|
2007 |
29,704,810,771 |
11,098,092,778 |
305,368,869 |
|
2006 |
38,465,151,002 |
16,095,271,629 |
433,180,426 |
Financial Description
|
Authorized Capital(KRW) |
10,000,000,000 |
|
Paid-Up Capital(KRW) |
1,258,000,000 |
|
Total Issues Shares |
10,984,645 |
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
18,010,468,579 |
17,802,323,386 |
11,716,959,862 |
|
Current Assets |
6,428,659,880 |
5,008,468,468 |
4,057,283,993 |
|
-Quick Assets |
4,530,720,442 |
2,749,907,428 |
2,026,639,181 |
|
-Inventories |
1,897,939,438 |
2,258,561,040 |
2,030,644,812 |
|
Fixed Assets |
11,581,808,699 |
12,793,854,918 |
7,659,675,869 |
|
-Investment |
103,109,146 |
62,009,146 |
110,018,020 |
|
-Tangibles |
11,115,675,349 |
12,369,601,379 |
7,068,097,244 |
|
-Intangibles |
163,732,624 |
163,168,813 |
255,890,605 |
|
-Others |
199,291,580 |
199,075,580 |
225,670,000 |
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Total Liabilities |
13,831,895,557 |
14,631,788,000 |
8,780,600,917 |
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Current Liabilities |
7,295,667,620 |
7,620,940,235 |
7,057,256,371 |
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Fixed Liabilities |
6,536,227,937 |
7,010,847,765 |
1,723,344,546 |
|
Capital Stock |
1,258,000,000 |
1,258,000,000 |
1,258,000,000 |
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Capital Surplus |
414,152,455 |
414,152,455 |
414,152,455 |
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Profit Surplus |
2,506,420,567 |
1,498,382,931 |
1,264,206,490 |
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Capital Adjustment |
- |
- |
- |
|
Total Equity |
4,178,573,022 |
3,170,535,386 |
2,936,358,945 |
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Liab. & Shareholder’s Equity |
18,010,468,579 |
17,802,323,386 |
11,716,959,862 |
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Current Liabilities |
7,295,667,620 |
7,620,940,235 |
7,057,256,371 |
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Trade Payables |
1,373,633,892 |
362,057,327 |
444,768,160 |
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Account Payables |
15,154,698 |
170,756,198 |
59,286,251 |
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Withholdings |
12,365,884 |
7,247,350 |
9,706,750 |
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Advance Receipts |
- |
550,000 |
9,969,177 |
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Short-Term Borrowings |
4,989,720,720 |
6,366,608,575 |
5,539,043,224 |
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Accrued Income Tax |
150,873,281 |
8,596,555 |
3,606,642 |
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Accrued Expenses |
250,584,145 |
285,124,230 |
241,475,330 |
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Current Portion of Long-Term Debts |
503,335,000 |
420,000,000 |
749,400,837 |
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Fixed Liabilities |
6,536,227,937 |
7,010,847,765 |
1,723,344,546 |
|
Convertible Bonds |
500,000,000 |
500,000,000 |
- |
|
Refund Premium |
52,282,993 |
52,282,993 |
- |
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Long-Term Borrowings |
5,946,665,000 |
6,450,000,000 |
1,695,000,000 |
|
Leasehold Deposit Received |
32,000,000 |
30,000,000 |
- |
|
Provision for Severance & Retirement |
35,356,350 |
25,834,063 |
28,344,546 |
Income
Statement
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
26,604,235,454 |
15,068,643,998 |
16,069,267,469 |
|
Cost of Sold Goods |
23,911,846,556 |
12,779,053,325 |
14,074,599,606 |
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Gross Profit |
2,692,388,898 |
2,289,590,673 |
1,994,667,863 |
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Selling & Admin. Expenses |
1,040,526,459 |
1,199,945,623 |
1,239,300,964 |
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Operating Income |
1,651,862,439 |
1,089,645,050 |
755,366,899 |
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Non-Operating Income |
642,080,981 |
441,644,266 |
549,185,384 |
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Non-Operating Expenses |
1,022,707,538 |
947,647,686 |
1,125,048,535 |
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Ordinary Income |
1,271,235,882 |
583,641,630 |
179,503,748 |
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Special Income |
- |
- |
- |
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Income Before Taxes |
1,271,235,882 |
583,641,630 |
179,503,748 |
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Income Taxes Expenses |
153,933,616 |
9,893,059 |
14,751,512 |
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Net Income |
1,117,302,266 |
573,748,571 |
164,752,236 |
Cash
Flows
|
Unit :
Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows
from Operating |
2,813,067,064 |
1,109,000,950 |
43,125,033 |
|
-Net Income |
1,117,302,266 |
573,748,571 |
164,752,236 |
|
-Exp.
without Cash Outflow |
1,079,966,407 |
1,014,651,943 |
1,061,484,026 |
|
-Revenue
without Cash Inflows |
-138,858,124 |
-204,699,864 |
-153,868,329 |
|
-Changes in
Asset/ & Liability |
754,656,515 |
-274,699,700 |
-1,029,242,900 |
|
Cash Flows
from Investing |
24,849,481 |
-6,187,547,971 |
-797,353,300 |
|
-Cash Inflow
from Investing |
909,701,419 |
194,094,206 |
335,294,546 |
|
-Cash
Outflows for Investing |
-884,851,938 |
-6,381,642,177 |
-1,132,647,846 |
|
Cash Flows
from Financing |
-1,904,152,485 |
5,613,402,915 |
888,382,117 |
|
-Cash Inflows
from Financing |
2,000,000 |
6,727,375,882 |
1,868,771,056 |
|
-Cash
Outflows from Financing |
-1,906,152,485 |
-1,113,972,967 |
-980,388,939 |
|
Increase/Decrease
in Cash |
933,764,060 |
534,855,894 |
134,153,850 |
|
Cash at the
Beginning of Year |
1,059,914,978 |
525,059,084 |
390,905,234 |
|
Cash at the
End of Year |
1,993,679,038 |
1,059,914,978 |
525,059,084 |
Products, Technologies, Services Description
|
Main Products & Services |
Energy Saving Coating Material, Fe-Silicon Carbon, Moly-oxide Briquet,
Ferro Molybdenum |
Trade Partners & Competitors
|
Competitors |
STANDARD ENGINEERING CO., LTD. 16B-15L, BANWOL INDUSTRIAL COMPLEX, 455-4, MONGNAE-DONG,
DANWON-GU, ANSAN-SI, GYEONGGI-DO, KOREA TEL:+82-31-494-0750~3 FAX:+82-31-494-2750 HANSE REFRACTOREES CO., LTD. 406-6, BAEKBONG-RI, CHEONGBUK-MYEON,
PYEONGTAEK-SI, GYEONGGI-DO, KOREA TEL:+82-31-683-0636 FAX:+82-31-683-0639 HAN CHAN CERAMIC. LTD. 226, JEONSAPO-RI, BUBUK-MYEON, MIRYANG-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-354-4598 FAX:+82-55-354-4598 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Cooperative Enterprise |
-Insured Company DONGBU INSURANCE CO., LTD.(110111-0095285) |
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.44.72 |
|
|
1 |
Rs.73.46 |
|
Euro |
1 |
Rs.65.47 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.