MIRA INFORM REPORT
|
Report Date : |
29.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
SEKUNG METAL CO., LTD. |
|
|
|
|
Registered Office : |
2212, Jeongwang-dong,
Siheung-si, Gyeonggi-do, Korea, Rm.1346, 13-dong, B Block, Steelland,
Zip Code 429-450 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
19.09.1997 |
|
|
|
|
Com. Reg. No.: |
107-81-61419 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Wholesales and Retails of Metal Plates, Bars, Pipes, and Basic Metals |
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 : |
Small Company |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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
|
Company Name |
SEKUNG METAL CO., LTD. (Korean company Name : “세경금속(주)”) |
|
Registered Address |
2212, Jeongwang-dong,
Siheung-si, Gyeonggi-do, Korea |
|
Building |
Rm.1346, 13-dong, B Block, Steelland |
|
Zip Code |
429-450 |
|
Tel |
+82-31-8041-8346~7 |
|
Fax |
+82-31-8041-8357 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
Rm.1346, 13-dong, B Block, Steelland,
2212, Jeongwang-dong, Siheung-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-8041-8346~7 |
|
Fax |
+82-31-8041-8357 |
|
Type |
Export/Import |
|
Industry |
Wholesales and Retails of Metal Plates,
Bars, Pipes, and Basic Metals |
|
Main Business |
Stainless Steel Tube, Stainless Angle,
Stainless Plate |
|
Established (mm/dd/yyyy) |
09/19/1997 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Tube and tubing(31231300) |
|
Sell |
Stainless steel pipe(40142117) |
CEO’s
|
Name |
Han Sang-Jin |
|
Address |
Suite 943-801, 1148, Sanbon-dong, Gunpo-si, Gyeonggi-do, Korea |
|
Date of Birth |
10/07/1961 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
200,000,000 |
|||||||||||||||
|
Employees |
7 |
|||||||||||||||
|
Formation |
Co., Ltd by Shares |
|||||||||||||||
|
Bank Details |
Hana Bank-Mullae Branch |
|||||||||||||||
|
Corporate Registered No. |
110111-1463457 |
|||||||||||||||
|
Business Registered No. |
107-81-61419 |
|||||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 11663438 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
09/19/1997 Incorporated as the present name 07/10/2007 Moved to the present HQ address
from 10-7, Mullae-dong 4-ga, Yeongdeungpo-gu, Seoul, Korea |
|||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Han Sang-Jin |
Male |
Korean |
09/19/1997 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2009 |
9,799,746,000 |
4,628,003,000 |
316,225,000 |
|
2008 |
10,232,106,000 |
4,262,866,000 |
337,095,000 |
|
2007 |
12,165,531,000 |
3,862,340,000 |
378,756,000 |
|
2006 |
9,703,000,000 |
2,760,000,000 |
283,000,000 |
The latest
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) |
200,000,000 |
|
Paid-Up Capital(KRW) |
200,000,000 |
|
Total Issues Shares |
20,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Total Assets |
4,628,003,000 |
4,262,866,000 |
3,862,340,000 |
|
Current Assets |
3,288,751,000 |
2,895,112,000 |
3,000,886,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
1,339,252,000 |
1,367,754,000 |
861,454,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
2,516,425,000 |
2,378,974,000 |
2,240,270,000 |
|
Current Liabilities |
1,916,425,000 |
2,378,974,000 |
2,240,270,000 |
|
Fixed Liabilities |
600,000,000 |
- |
- |
|
Capital Stock |
200,000,000 |
200,000,000 |
200,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
1,911,578,000 |
1,683,892,000 |
1,422,070,000 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
2,111,578,000 |
1,883,892,000 |
1,622,070,000 |
|
Liab. &
Shareholder’s Equity |
4,628,003,000 |
4,262,866,000 |
3,862,340,000 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Sales |
9,799,746,000 |
10,232,106,000 |
12,165,531,000 |
|
Cost of Sold Goods |
- |
- |
- |
|
Gross Profit |
1,379,365,000 |
1,384,696,000 |
1,297,837,000 |
|
Selling & Admin. Expenses |
- |
- |
- |
|
Operating Income |
511,696,000 |
605,757,000 |
605,095,000 |
|
Non-Operating Income |
600,000,000 |
- |
- |
|
Non-Operating Expenses |
254,328,000 |
290,613,000 |
239,895,000 |
|
Income Before Taxes |
316,225,000 |
337,095,000 |
378,756,000 |
|
Income Taxes Expenses |
- |
- |
- |
|
Net Income |
316,225,000 |
337,095,000 |
378,756,000 |
Cash
Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Cash Flows from Operating |
|
|
|
|
-Net Income |
|
|
|
|
-Exp. without Cash Outflow |
|
|
|
|
-Revenue without Cash Inflows |
|
|
|
|
-Changes in Asset/ & Liability |
|
|
|
|
Cash Flows from Investing |
|
|
|
|
-Cash Inflow from Investing |
|
|
|
|
-Cash Outflows for Investing |
|
|
|
|
Cash Flows from Financing |
|
|
|
|
-Cash Inflows from Financing |
|
|
|
|
-Cash Outflows from Financing |
|
|
|
|
Increase/Decrease in Cash |
600,000,000 |
- |
- |
|
Cash at the Beginning of Year |
- |
- |
- |
|
Cash at the End of Year |
254,328,000 |
290,613,000 |
239,895,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Stainless Steel Tube, Stainless Angle,
Stainless Plate |
Trade Partners & Competitors
|
Competitors |
WOO SEOK STS
CORPORATION 582, MANHO-RI, POSEUNG-EUP, PYEONGTAEK-SI,
GYEONGGI-DO, KOREA TEL:+82-31-681-6455 FAX:++82-31-682-4530 GANA STAINLESS STEEL CO., LTD. 1042, CHANGGOK-RI, PALTAN-MYEON,
HWASEONG-SI, GYEONGGI-DO, KOREA TEL:+82-31-352-4292 FAX:+82-31-354-1305~6 JINBANG STEEL KOREA CO., LTD. 605, HO-DONG, NAM-GU, POHANG-SI,
GYEONGSANGBUK-DO, KOREA TEL:+82-54-289-5700 FAX:+82-54-278-0421 |
Sales by Region
(Activity &
Markets)
Not Available.
Court Action
Not Available.
News Clipping
----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.05 |
|
UK Pound |
1 |
Rs.71.92 |
|
Euro |
1 |
Rs.64.37 |
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.