MIRA
INFORM REPORT
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Report Date : |
26.05.2011 |
IDENTIFICATION DETAILS
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Name : |
GS GLOBAL CORP. |
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Registered Office : |
10th FI., GS Gangnam Tower 679, Yeoksam 1-dong, Gangnam-gu, Seoul,
Korea 135-985 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
31.07.1954 |
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Com. Reg. No.: |
202-81-33028 |
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Legal Form : |
Listed Company |
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Line of Business : |
Wholesale of Non-Specialized Goods |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
|
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 |
GS GLOBAL CORP. (Ex. Company Name : SSANGYONG CORPORATION, “(주)쌍용”) (Korean Company Name : “(주)지에스글로벌”) |
|
Registered Address |
679, Yeoksam 1-dong, Gangnam-gu, Seoul,
Korea |
|
Building |
10th FI., GS Gangnam Tower |
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Zip Code |
135-985 |
|
Tel |
+82-2-2005-5300 |
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Fax |
+82-2-2005-5301 |
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E-mail |
admin@sycorp.co.kr;shjeong@gsgcorp.com |
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Website |
www.gsgcorp.com |
|
Trading Address |
10th FI., GS Gangnam Tower, 679, Yeoksam
1-dong, Gangnam-gu, Seoul, Korea |
|
Tel |
+82-2-2005-8300 |
|
Fax |
+82-2-2005-8301 |
|
Other Address-Logistics Team |
381-5, Wonchang-dong, Seo-gu, Incheon,
Korea |
|
Tel |
+82-32-573-8460 |
|
Fax |
+82-32-573-8465 |
|
Other Address-Leisure Sports Business |
154-2, Choil-dong, Hanam-si, Gyeonggi-do,
Korea |
|
Tel |
+82-31-792-5952 |
|
Fax |
+82-31-792-5993 |
|
Other Address-Machinery Import Team |
A-903, SK Twin Tech Tower, 345-9,
Gasan-dong, Geumcheon-gu, Seoul, Korea |
|
Tel |
+82-2-866-5600 |
|
Fax |
+82-2-862-5649 |
|
Type |
Export/Import |
|
Industry |
Wholesale of Non-Specialized Goods |
|
Main Business |
Iron & Steel Products, Chemicals, Cement, Machinery, Plants |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
07/31/1954 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Clothing(53100000) |
|
Sell |
Steel(11101704) |
|
Sell |
Cement(30111601) |
|
Sell |
Network service equipment(43222600) |
|
Sell |
Cooking or table salt(50171551) |
|
Sell |
Inorganic compounds(12352300) |
|
Sell |
Processed and synthetic rubber(13101600) |
|
Sell |
Storage(78130000) |
|
Sell |
Solid and gel fuels(15101600) |
|
Sell |
Chemicals including Bio Chemicals and Gas
Materials(12000000) |
|
Sell |
Industrial Manufacturing and Processing
Machinery and Accessories(23000000) |
CEO’s
|
Name |
Jung Taik-Keun |
|
Date of Birth |
11/30/1953 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
28,178,471,882 |
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Employees |
187 |
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Formation |
Listed Company(Korea Stock Exchange : 001250) as of 06/27/1976 A Company of GS Group |
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Bank Details |
Shinhan Bank-Central Branch Woori Bank |
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Corporate Registered No. |
110111-0031479 |
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Business Registered No. |
202-81-33028 |
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Permit & Licenses |
Int’l Trade No.: 670203 |
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Shareholder Position |
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Company History |
07/31/1954 Incorporated as Kumsung
Industries Co., Ltd. 03/20/1972 Changed company name to
Ssangyong Industries Co., Ltd. 05/27/1975 Designated as a general trading company 12/01/1975 Changed company name to SSANGYONG CORPORATION 11/2009 Moved to the present HQ address from 24-1, Jeodong 2-ga,
Jung-gu, Seoul, Korea 07/21/2009 Changed company name to the present name 11/2009 Moved to the present HQ address from 24-1, Jeo-dong 2-ga,
Jung-gu, Seoul, Korea |
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Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
President & CEO |
Mr. |
Jung Taik-Keun |
Korean |
1953.11.30 |
Yonsei University, Korea |
|
Executive Director & CFO |
Mr. |
Kim Seok-Hwan |
Korean |
1962.12.12 |
Korea University, Korea |
|
Director |
Mr. |
Seo Kyung-Seok |
Korean |
1947.12.23 |
Seoul National University, Korea |
|
Director |
Mr. |
Kim Byung-Yeol |
Korean |
1954.10.01 |
Seoul National University, Korea |
|
Director |
Mr. |
Yoon Il-Joong |
Korean |
1953.07.29 |
Busan National University, Korea |
|
Outside Director |
Mr. |
Lee Soo-Ho |
Korean |
1944.02.08 |
Yonsei University, Korea |
|
Outside Director |
Mr. |
Ahn Jong-Won |
Korean |
1948.01.24 |
Yonsei University, Korea |
|
Outside Director |
Mr. |
Kim Young-Seob |
Korean |
1950.02.13 |
Korea University, Korea |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
1,400,513,382,625 |
300,006,591,788 |
18,358,330,801 |
|
|
2009 |
1,153,563,497,667 |
152,504,740,325 |
24,401,357,182 |
|
2008 |
1,303,117,078,277 |
145,633,611,686 |
27,205,755,897 |
|
2007 |
1,050,359,245,212 |
106,953,182,431 |
9,588,004,175 |
|
2006 |
936,707,087,308 |
126,790,504,103 |
7,139,644,578 |
|
2005 |
1,476,005,249,828 |
195,240,508,293 |
1,856,850,261 |
|
2004 |
1,479,830,933,063 |
238,510,768,978 |
9,274,434,544 |
Financial Description
|
Authorized Capital(KRW) |
1,000,000,000,000 |
|
Paid-Up Capital(KRW) |
28,178,471,882 |
|
Total Issues Shares |
11,266,882 |
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
300,006,591,788 |
152,504,740,325 |
145,633,611,686 |
|
Current Assets |
153,472,590,734 |
94,694,131,746 |
90,968,371,762 |
|
-Quick Assets |
109,860,535,373 |
76,537,694,177 |
64,641,162,011 |
|
-Inventories |
43,612,055,361 |
18,156,437,569 |
26,327,209,751 |
|
Fixed Assets |
146,534,001,054 |
57,810,608,579 |
54,665,239,924 |
|
-Investment |
113,801,327,941 |
26,583,266,538 |
27,357,268,031 |
|
-Tangibles |
2,568,511,044 |
2,931,642,505 |
2,288,990,713 |
|
-Intangibles |
2,668,249,299 |
1,483,944,172 |
1,702,030,124 |
|
-Others |
27,495,912,770 |
26,811,755,364 |
23,316,951,056 |
|
Total Liabilities |
206,166,982,227 |
72,446,674,484 |
81,429,086,344 |
|
Current Liabilities |
201,130,223,776 |
68,694,746,689 |
78,085,068,279 |
|
Fixed Liabilities |
5,036,758,451 |
3,751,927,795 |
3,344,018,065 |
|
Capital Stock |
28,167,205,000 |
28,167,205,000 |
26,698,805,000 |
|
Capital Surplus |
16,424,350,252 |
16,424,350,252 |
10,030,427,664 |
|
Profit Surplus |
51,568,505,622 |
43,902,260,334 |
36,793,760,072 |
|
Capital Adjustment |
-2,320,451,313 |
-8,435,749,745 |
-9,318,467,394 |
|
Total Equity |
93,839,609,561 |
80,058,065,841 |
64,204,525,342 |
|
Liab. & Shareholder’s Equity |
300,006,591,788 |
152,504,740,325 |
145,633,611,686 |
|
Current
Liabilities |
201,130,223,776 |
68,694,746,689 |
78,085,068,279 |
|
Current Portion of Long-Term Debts |
- |
- |
6,000,000,000 |
|
Trade Payables |
108,748,010,243 |
56,091,638,295 |
50,061,707,379 |
|
Short-Term Borrowings |
66,282,674,117 |
93,027,244 |
8,500,000,000 |
|
Account Payables |
1,160,144,279 |
236,789,547 |
1,289,835,300 |
|
Advance Receipts |
10,478,285,313 |
1,008,838,892 |
4,703,465,413 |
|
Withholdings |
3,739,992,563 |
2,893,532,034 |
1,425,299,263 |
|
Accrued Expenses |
9,960,006,568 |
6,870,962,747 |
4,844,224,649 |
|
Accrued Income Tax |
- |
1,108,724,370 |
- |
|
Derivatives |
761,110,693 |
391,233,560 |
1,260,536,275 |
|
Fixed
Liabilities |
5,036,758,451 |
3,751,927,795 |
3,344,018,065 |
|
Provision for Severance & Retirement |
5,178,649,460 |
3,844,718,259 |
3,328,573,741 |
|
Guarantee Deposit Withhold |
12,850,853 |
57,999,789 |
167,136,942 |
Income
Statement
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
1,400,513,382,625 |
1,153,563,497,667 |
1,303,117,078,277 |
|
Cost of Sold Goods |
1,356,958,388,468 |
1,092,703,240,992 |
1,245,328,856,678 |
|
Gross Profit |
43,554,994,157 |
60,860,256,675 |
57,788,221,599 |
|
Selling & Admin. Expenses |
30,692,962,437 |
25,568,467,639 |
24,959,635,805 |
|
Operating Income |
12,862,031,720 |
35,291,789,036 |
32,828,585,794 |
|
Non-Operating Income |
39,785,974,984 |
46,584,531,981 |
63,692,343,693 |
|
Non-Operating Expenses |
34,289,675,903 |
56,366,239,465 |
69,315,173,590 |
|
Ordinary Income |
18,358,330,801 |
25,510,081,552 |
27,205,755,897 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
18,358,330,801 |
25,510,081,552 |
27,205,755,897 |
|
Income Taxes Expenses |
- |
1,108,724,370 |
- |
|
Net Income |
18,358,330,801 |
24,401,357,182 |
27,205,755,897 |
Cash
Flows
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
-1,686,855,278 |
50,814,240,546 |
18,568,177,889 |
|
-Net Income |
18,358,330,801 |
24,401,357,182 |
27,205,755,897 |
|
-Exp. without Cash Outflow |
8,444,859,611 |
16,188,862,024 |
15,003,057,667 |
|
-Revenue without Cash Inflows |
-9,700,799,933 |
-7,042,502,866 |
-6,065,168,930 |
|
-Changes in Asset/ & Liability |
-18,789,245,757 |
17,266,524,206 |
-17,575,466,745 |
|
Cash Flows from Investing |
-82,329,371,729 |
412,366,279 |
-12,246,151,257 |
|
-Cash Inflow from Investing |
17,987,624,204 |
7,638,113,532 |
67,530,254,771 |
|
-Cash Outflows for Investing |
-100,316,995,933 |
-7,225,747,253 |
-79,776,406,028 |
|
Cash Flows from Financing |
60,575,035,791 |
-26,707,557,491 |
624,917,908 |
|
-Cash Inflows from Financing |
115,745,305,297 |
5,253,603,363 |
8,500,000,000 |
|
-Cash Outflows from Financing |
-55,170,269,506 |
-31,961,160,854 |
-7,875,082,092 |
|
Increase/Decrease in Cash |
-23,441,191,216 |
24,519,049,334 |
6,946,944,540 |
|
Cash at the Beginning of Year |
46,788,532,801 |
22,269,483,467 |
15,322,538,927 |
|
Cash at the End of Year |
23,347,341,585 |
46,788,532,801 |
22,269,483,467 |
Products, Technologies, Services Description
|
Main Products & Services |
CEMENT MATERIAL Cement, Cement Clinker, Special
Cement(Micem, Etc) ENERGY -Bituminous Coal, Anthracite -Gypsum, Petroleum Coke PETROCHEMICAL -Aromatics -Fiber Intermediates -Polymers (Plastics) -Chemical products STEEL & METAL MACHINERY -Industrial Products & Materials -Sparkignition Engine, Engine Parts, Water
Pump, Lawn Mower, Brush Cutter LOGISTICS SERVICES -PDI (Pre-Delivery Inspection) Service LEISURE SPORTS BUSINESS |
Trade Partners & Competitors
|
Suppliers |
HONDA(JAPAN) GS-CALTEX CORPORATION(110111-0078819) |
|
Customers |
GS GLOBAL JAPAN CORPORATION GS GLOBAL AUSTRALIA PTY LTD. NISSAN KOREA CO., LTD.(110111-2957508) HONDA KOREA CO., LTD.(110111-2362418) |
|
Competitors |
SK NETWORKS CO.,
LTD. 4, PYEONG-DONG, GWONSEON-GU, SUWON-SI,
GYEONGGI-DO 441-230 KOREA TEL:+82-2-2221-2016 FAX:+82-2-2221-0080 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS HYUNDAI
CORPORATION HUNGKUK LIFE INSURANCE BD 226, SINMUNNO
1-GA, JONGNO-GU, SEOUL 110-786 KOREA TEL:+82-2-390-1114 FAX:+82-2-390-1101 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS DAEWOO
INTERNATIONAL CORPORATION DAEWOO CENTER BLDG., 541, NAMDAEMUNNO 5-GA,
JUNG-GU, SEOUL 100-714 KOREA TEL:+82-2-759-2114 FAX:+82-2-753-9489 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS HYOSUNG
CORPORATION HYOSUNG BLDG., 450, GONGDEOK 2-DONG,
MAPO-GU, SEOUL 121-720 KOREA TEL:+82-2-707-7000 FAX:+82-2-707-0130 INDUSTRY: MAN-MADE FIBERS SPINNING SAMSUNG C&T
CORPORATION 310, TAEPYEONGNO 2-GA, JUNG-GU, SEOUL
100-865 KOREA TEL:+82-2-2145-2114 FAX:+82-2-2145-3114 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS LG INTERNATIONAL CORPORATION 12TH FL., LG TWIN TOWER EAST ANNEX, 20,
YEOUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-3773-5034 FAX:+82-2-3773-5034 INDUSTRY: WHOLESALE OF NON-SPECIALIZED GOODS |
|
Affiliates |
RELATED PARTIES (Subsidiaries,
Joint-Venture & Affiliates) GS HOLDINGS CORP. (110111-3045112) GS HOME SHOPPING INC. (110111-1111444) COSMO CHEMICALCO., LTD (110111-0152738) GS ENGINEERING & CONSTRUCTION
CORPORATION(110111-0002694) SAMYANG TONGSANG LTD GS-CALTEX CORPORATION (110111-0078819) GS POWER (134111-0074744) HAEYANG CITY GAS CO., LTD (200111-0004906) SEORABEOL CITY GAS CO.,LTD (171211-0024180) OIL CHAIN CORPORATION (110111-2194754) GS FUELCELL CO.LTD. (160111-0108202) GS RETAIL (110111-0090037) GSWATSONS (110111-3136474) KOREA CABLE TV ULSAN STATION
(181211-0045481) GS TELESERVICE (110111-2618192) GS SPORTS.LTD (110111-3024330) HAMOO DEVELOMET CO., LTD (110111-0411142) XI SERVICE (110111-3141720) SAMYANG INT'L CO., LTD. (110111-0424848) BOHEUN DEVELOPMENT CO., LTD.
(110111-1557573) COMTECH INTERNATIONAL OKSAN DISTRIBUTION (110111-1426108) S M COMPANY LTD (110111-1308124) GS NEOTEK (110111-0166953) EZVILLE INC. (110111-1934557) CENTRAL MOTORS CORP. (131111-0101912) SUNGSAN GROUP CORPORATION (110111-0110653) SLS LTD (110111-1632424) SUNGSAN LEISURE INC (141111-0022893) YEOSU-WHAMUL INC (204714-0001033) WANNA NET COSMO FINE CHEMICALS CO.,
LTD.(110111-0531205) COSMO INDUSTRIAL CO.LTD (150111-0077722) SMARTRO CO., LTD (110111-1536189) COSMO & COMPANY CO., LTD.
(110111-0298243) COSMO CORPORATION CO., LTD.(110111-2559354) COSMO INET (110111-2559362) ISURF INC. (110111-2197047) LANDMARK ASIA, INC. (110111-2219411) DREAM SPORTS COSMO S&F MARUMAN KOREA (131111-0093953) DH CLUB.COM ESTECH ESTIMATE CORP. (110111-3253583) NEXTATION.CO.,LTD. (110111-2123571) UIJEONGBU LIGHT RAIL TRANSIT CO., LTD
(280111-0071743) STSLOGISTICS INC. (110111-1999197) GS EPS KANGNAM CABLE SYSTEM INC. (110111-1009780) ITMEXSYI (110111-3451731) GLS SERVICE CORP. (110111-3532846) |
|
Overseas Office |
TOKYO TEL:+81-3-3434-1515/8537
FAX:+81-3-3434-3856 E-MAIL : HJKIM@SYCORP.CO.KR 7TH FL, MORI BLDG, EDOMIZAKA 1-40, 4-CHOME,
TORANOMON MINATO-KU, TOKYO, JAPAN OSAKA TEL:+81-6-282-1414~8, 282-1421~3
FAX:+81-6-282-1420 E-MAIL : DISON@SYCORP.CO.KR 8TH FL., HOMMACHI YAMAMOTO BLDG., 1-10,
4-CHOME, MINAMI-HOMMACHI CHOU-KU, OSAKA, JAPAN U.S.A L.A. HEAD OFFICE TEL:+1-562-906-0799 FAX:+1-562-941-9890 E-MAIL : CKIM@SYCORP.CO.KR 10504 PIONEER BLVD/SANTA FE SPRINGS CA
90670 U.S.A. N.J. BRANCH TEL:+1-201-585-7202 FAX:+1-201-585-7205 E-MAIL : CKIM@SYCORP.CO.KR 2125 CENTER AVE, SUITE #107 FORP LEE,
NJ07024 |
|
Overseas Office |
SHANGHAI TEL:+86-21-6440-0321 FAX:+86-21-6440-0334 E-MAIL : THOMAS@SYCORP.CO.KR RM, 181 I/J ZHAO FENG UNIVERSE BLDG,
NO.1800 ZHONG SHAN WEST ROAD, SHANGHAI P.R.CHINA 200233 CHINA BEIJING TEL:+86-10-6510-1299 FAX:+86-10-6510-1239 E-MAIL : KHAHN@SYCORP.CO.KR RM. 1117, BEIJING BRIGHT CHINA CHANG AN
BUILDING NI.7, JIANGUOMEN NEI AVENUE DONGCHENG DISTRICT BEIJING P.R.C DALIAN TEL:+86-411-8230-2555 FAX:+86-411-8230-3838 E-MAIL : JYEE@SYCORP.CO.KR RM, 1209, SWISSOTEL DALIAN, 21 WUHUI ROAD,
DALIAN, CHINA GUANGZHOU TEL:+86-20-8752-0586 FAX:+86-20-8752-0508 E-MAIL : DOLEE@SYCORP.CO.KR RM. 5406, CITIC PLAZA 233, TIAN HE NORTH
ROAD, GUANGZHOU, CHINA HONGKONG TEL:+852-2542-3151 FAX:+852-2544-9342 E-MAIL : HSKKIM@SYCORP.CO.KR RM. 609. WING ON CENTER 111, CONNAUGHT ROAD
CENTRAL, HONG KONG, CHINA TAIPEI TEL:+886-2-2775-3777 FAX:+866-2-2772-4526 E-MAIL : TPETSOU@SYCORP.CO.KR RM. 703,148 CHUNGHSIAO EAST ROAD, SEC. 4,
TAIPEI, TAIWAN, R.O. CHINA |
|
Overseas Office |
KUALA LUMPUR TEL:+60-3-2162-3635 FAX:+60-3-2162-3807 E-MAIL : SMKIM@SYCORP.CO.KR SUITE 1707, 17TH FLOOR PERNAS INT’S BLDG.,
JALAN SULTAN ISMAIL 50250 KUALA LUMPUR, MALAYSIA SINGAPORE TEL:+65-6334-2550 FAX:+65-6337-4898 7 TEMASEK BOULEVARD #32-03 SUNTEC TOWER ONE
SINGAPORE 038987 JAKARTA TEL:+62-21-5296-3283 FAX:+62-21-5296-3284 E-MAIL : MGPARK@SYCORP.CO.KR KOREA CENTRE BLDG., #302 JI, JEND. GATOT
SUBROTO KAV. 57~58 JAKARTA, SELATAN 12950 NEW DELHI TEL:+91-11-5132-3704 FAX:+91-11-5132-5649 E-MAIL : KSHAN@SYCORP.CO.KR #9 RING ROAD, LAJPAT NAGAR Ⅳ, NEW DELHI-110024, INDIA HANOI TEL
: 84-4-772-4183 FAX : 84-4-772-4184 E-MAIL : LULURARA@SYCORP.CO.KR UNIT 705 FORTUNA OFFICE BUILDING 6B LANG
HA, BA DINH, HANOI, VIETNAM |
|
Overseas Office |
BANGKOK TEL:+66-2-655-5609 FAX:+66-2-655-5611 E-MAIL : SSYBKK@SYCORP.CO.KR 29 VANISSA BLDG., 4TH FLR. SOI CHILDOM,
LANGSUAN ROAD, LUMPINI, PATHUMWAN DISTRICT BANGKOK 10330, THAILAND RIYADH TEL:+966-1-473-0622,0266
FAX:+966-1-479-1848 E-MAIL : DHKANG@SYCORP.CO.KR RM. 303, AL AKARIYAH BLDG. AL SITEEN ST.,
RIYADH 11683 SAUDI ARABIA FRANKFURT TEL:+49-6196-481756~7 FAX:+49-6196-43439 E-MAIL : JHSONG@SYCORP.CO.KR T.O.PA.S.1. MERGENTHALERALLE 77 65760,
ESCHBORM, GERMANY SYDNEY, AUSTRALIA TEL:+61-2-9954-0911 FAX:+61-2-9954-0919 E-MAIL : YJIN@SYCORP.CO.KR LEVEL 5 107 MOUNT STREET, NORTH SYDNEY,
NSW2060 AUSTRALIA |
|
Joint Venture |
PLS CO., LTD.(131311-0093131) (90.0% held by the subject company) |
|
Subsidiary |
SSANGYONG (U.S.A) INC. (100.0% held by the subject company) GS GLOBAL JAPAN CORPORATION (100.0% held by the subject company) GS GLOBAL AUSTRALIA PTY LTD. (100.0% held by the subject company) SSANGYONG SINGAPORE PTE LTD. (100.0% held by the subject company) GS GLOBAL (H.K) CO., LTD. (100.0% held by the subject company) SSANGYONG RESOURCES PTY LTD. (100.0% held by the subject company) GS GLOBAL EUROPE GMBH (100.0% held by the subject company) SSANYONG SLAG & MATERIALS CO.,
LTD.(211111-0015835) (36.0% held by the subject company) |
Sales by Region (Activity &
Markets)
|
Sales/ Unit :Mil KRW |
2010 |
2009 |
2008 |
|
Export |
1,344,245 |
1,096,487 |
1,218,637 |
|
Domestic |
38,019 |
34,802 |
55,491 |
|
Others |
18,249 |
22,274 |
28,989 |
|
Total |
1,400,513 |
1,153,563 |
1,303,117 |
The Subject deals
with the companies in Australia, China and USA.
Court Action
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
Makati Court, Philippines |
The Subject Company |
UNIMARINE |
Claim for Compensation |
US$1,530,000 |
Proceeding |
|
|
|
The Subject Company |
Namdaemun Tax Office |
Cancellation on Imposed Taxes |
2,798,000,000 KRW |
Proceeding |
|
|
India High Court, India |
D.O.T(India Post Office Authority) |
The Subject Company |
Claim for Compensation |
US$1,692,000 |
Proceeding |
|
|
Federal Supreme Court, Brazil |
ELDORADO |
The Subject Company |
Confirmation on Not Existing Debts |
US$2,662,000 |
Proceeding |
|
|
Sao Paolo State Court, Brazil |
Park Kil-Soo |
The Subject Company |
Claim for Compensation |
US$3,013,000 |
Proceeding |
There are 1 case
filed as Plaintiff(s)/ Creditor(s)/ Applicant(s) amounting 3,000,000 KRW/ USD
61,000, and 7 cases filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting
USD 611,000 excluding the above cases.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.38 |
|
|
1 |
Rs.73.31 |
|
Euro |
1 |
Rs.63.70 |
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.