MIRA INFORM REPORT
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Report Date : |
29.09.2011 |
IDENTIFICATION DETAILS
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Name : |
SASCO CO., LTD. |
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Registered Office : |
52, Gamno-ri, Sangdong-myeon, Gimhae-si, Gyeongsangnam-do, Korea, Zip Code 621-811 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
18.05.2002 |
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Com. Reg. No.: |
606-81-77005 |
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Legal Form : |
Co., ltd by shares |
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Line of Business : |
Manufacture of Metal Structural Components |
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 : |
Usually Correct |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
SASCO CO., LTD. (Korean Company
Name : “사스코(주)”) |
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Registered Address |
52, Gamno-ri, Sangdong-myeon, Gimhae-si,
Gyeongsangnam-do, Korea |
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Zip Code |
621-811 |
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Tel |
+82-55-337-0250 |
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Fax |
+82-55-337-0304 |
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Trading Address |
52, Gamno-ri, Sangdong-myeon, Gimhae-si,
Gyeongsangnam-do, Korea |
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Tel |
+82-55-337-0250 |
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Fax |
+82-55-337-0304 |
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Type |
Export |
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Industry |
Manufacture of Other Basic Iron and Steel n. e. c. |
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Main Business |
EGI, SPTE, TP,CR, Steel Sheet, Stainless Steel Sheet, Aluminum |
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Sub
Business |
Manufacture of Metal Structural Components |
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Established (mm/dd/yyyy) |
05/18/2002 |
The Subject owns
the premises of registered HQ address.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Iron plate(30102203) |
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Sell |
Steel plate(30102204) |
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Sell |
Stainless steel plate(30102205) |
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Sell |
Zinc plate(30102212) |
CEO’s
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Name |
Park Koon-Suck |
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Address |
Suite 505-1103, 557, Namcheon-dong,
Suyeong-gu, Busan, Korea |
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Date of Birth |
09/25/1952 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
450,000,000 |
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Employees |
5 |
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Formation |
Co., ltd by shares |
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Bank Details |
Korea Exchange Bank-Mok Dong Branch |
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Corporate Registered No. |
180111-0408921 |
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Business Registered No. |
606-81-77005 |
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Permit & Licenses |
Int’l Trade No.: 45046027 |
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Shareholder Position |
N/A |
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Company History |
05/18/2002 Incorporated as the present name 06/14/2007 Moved to the present HQ address
from 1662-6, Songjeong-dong, Gangseo-gu, Busan, Korea 12/24/2007 Increased the authorized shares to 500,000 shares from
80,000 shares 12/25/2007 Increased capital to 450,000,000 KRW from 300,000,000 KRW |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Park Koon-Suck |
Male |
Korean |
12/26/2006 |
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Director |
Mr. |
Kim Moon-Sung |
Male |
Korean |
12/26/2006 |
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Outside Director |
Mr. |
Kim Young-Il |
Male |
Korean |
12/26/2009 |
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Auditor |
Mr. |
Baik Soon-Kyu |
Male |
Korean |
03/31/2008 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2008 |
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2007 |
6,217,000,000 |
2,207,000,000 |
100,000,000 |
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2006 |
3,739,000,000 |
958,000,000 |
21,000,000 |
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2005 |
2,745,000,000 |
462,000,000 |
27,000,000 |
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2004 |
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2003 |
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The latest financials
are not available, and the Subject Company does not have any obligations to
release its financials to the public.
Financial Description
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Authorized Capital(KRW) |
2,500,000,000 |
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Paid-Up Capital(KRW) |
450,000,000 |
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Total Issues Shares |
90,000 |
Balance
Sheet
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Unit : Million Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
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Total Assets |
2,207 |
958 |
462, |
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Current Assets |
670 |
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-Quick Assets |
485 |
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-Inventories |
185 |
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Fixed Assets |
1,538 |
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-Investment |
80 |
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-Tangibles |
1,438 |
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-Intangibles |
- |
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Total Liabilities |
1,557 |
558, |
283, |
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Current Liabilities |
534 |
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Fixed Liabilities |
1,023 |
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Capital Stock |
450 |
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Capital Surplus |
- |
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Profit Surplus |
200 |
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Capital Adjustment |
- |
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Total Equity |
650 |
400, |
179, |
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Liab. &
Shareholder’s Equity |
2,207 |
958, |
462, |
Income
Statement
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Unit : Million Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
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Sales |
6,217 |
3,739 |
2,745 |
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Cost of Sold Goods |
5,956 |
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Gross Profit |
261 |
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Selling & Admin. Expenses |
103 |
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Operating Income |
158 |
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Non-Operating Income |
20 |
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Non-Operating Expenses |
77 |
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Ordinary Income |
102 |
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Special Income |
- |
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Income Before Taxes |
102 |
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Income Taxes Expenses |
2 |
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Net Income |
100 |
21 |
27 |
Products, Technologies, Services Description
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Main Products & Services |
EGI, SPTE, TP,CR, Steel Sheet, Stainless Steel Sheet, Aluminum |
Trade Partners & Competitors
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Competitors |
DAWOO STEEL TRADING CO., LTD. D-2109, MOKDONG TWIN VILL, MOK 5-DONG,
YANGCHEON-GU, SEOUL, KOREA TEL:+82-2-2646-8027~9 FAX:+82-2-2646-8012~3 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 China, Hong Kong and India.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.91 |
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UK Pound |
1 |
Rs.76.53 |
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Euro |
1 |
Rs.66.43 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.