MIRA INFORM REPORT
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Report Date : |
09.04.2012 |
IDENTIFICATION DETAILS
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Name : |
HANJUNG STEEL & TRADING CO., LTD. |
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Registered Office : |
917-9, Mok 1-dong, Yangcheon-gu, Seoul, Korea, Rm. 1014, Hyundai 41
Tower, Zip Code 158-723 |
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Country : |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
10.04.1998 |
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Com. Reg. No.: |
113-81-47542 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesale of Metal Plates, Bars, Pipes, and Basic Metals |
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No. of Employees
: |
04 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
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Company
Name |
HANJUNG
STEEL & TRADING CO., LTD. (Korean
Company Name : “한정철강(주)”) |
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Registered Address |
917-9,
Mok 1-dong, Yangcheon-gu, |
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Building |
Rm. 1014, Hyundai 41 Tower |
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Zip Code |
158-723 |
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Tel |
+82-2-2643-5625 |
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Fax |
+82-2-2643-5694~5 |
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E-mail |
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Website |
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Trading Address |
Rm. 1014~5, Hyundai 41 Tower, 917-9, Mok
1-dong, Yangcheon-gu, |
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Tel |
+82-2-2643-5625 |
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Fax |
+82-2-2643-5694~5 |
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Type |
Export |
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Industry |
Wholesale of Metal Plates, Bars, Pipes, and Basic Metals |
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Main Business |
Steel, Stainless, Steel Sheet, Coil |
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Established (mm/dd/yyyy) |
04/10/1998 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Ferrous alloy coil(30101901) |
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Sell |
Coil(30101900) |
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Sell |
Steel(11101704) |
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Sell |
Aluminum(11101705) |
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Name |
Han Sang-Kwan |
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Address |
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Date of Birth |
05/30/1966 |
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Title |
Representative Director |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
150,000,000 |
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Employees |
4 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Kookmin Bank-Mapo Branch |
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Corporate Registered No. |
110111-1533854 |
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Business Registered No. |
113-81-47542 |
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Permit & Licenses |
Int’l Trade No.: 11514387 |
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Shareholder Position |
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Company History |
04/10/1998 Incorporated as
the present name 04/11/2003 Moved to the present address from
1258, Guro-dong, Guro-gu, 11/30/2003 Awarded US$5 Million Export Top
Prize 09/08/2004 Increased capital to
150,000,000 KRW from 50,000,000 KRW 11/30/2004 Awarded US$10 Million Export
Top Prize |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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Representative Director |
Mr. |
Han Sang-Kwan |
Male |
Korean |
04/10/1998 |
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Auditor |
M/S. |
Im Hae-Joon |
Female |
Korean |
03/31/2009 |
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2010 |
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2009 |
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2008 |
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2007 |
13,244,284,000 |
1,064,864,000 |
115,038,000 |
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2006 |
11,508,850,000 |
1,360,181,000 |
74,805,000 |
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2005 |
15,248,000,000 |
976,000,000 |
93,000,000 |
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2004 |
16,810,000,000 |
- |
- |
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2003 |
11,747,000,000 |
1,039,000,000 |
198,000,000 |
The latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
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Authorized Capital(KRW) |
200,000,000 |
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Paid-Up Capital(KRW) |
150,000,000 |
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Total Issues Shares |
30,000 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
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Total Assets |
1,064,864,000 |
1,360,181,000 |
976,000,000 |
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Current Assets |
777,340,000 |
1,009,705,000 |
718,000,000 |
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-Quick Assets |
- |
- |
- |
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-Inventories |
- |
- |
- |
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Fixed Assets |
287,524,000 |
350,476,000 |
258,000,000 |
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-Investment |
- |
- |
- |
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-Tangibles |
- |
- |
- |
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-Intangibles |
- |
- |
- |
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Total Liabilities |
500,538,000 |
830,897,000 |
432,000,000 |
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Current Liabilities |
500,538,000 |
830,897,000 |
432,000,000 |
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Fixed Liabilities |
- |
- |
- |
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Capital Stock |
150,000,000 |
150,000,000 |
150,000,000 |
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Capital Surplus |
- |
- |
- |
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Profit Surplus |
414,326,000 |
379,284,000 |
394,000,000 |
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Capital Adjustment |
- |
- |
- |
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Total Equity |
564,326,000 |
529,284,000 |
544,000,000 |
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Liab. & Shareholder’s Equity |
1,064,864,000 |
1,360,181,000 |
976,000,000 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
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Sales |
13,244,284,000 |
11,508,850,000 |
15,248,000,000 |
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Cost of Sold Goods |
10,991,490,000 |
9,540,679,000 |
13,229,000,000 |
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Gross Profit |
2,252,794,000 |
1,968,171,000 |
2,019,000,000 |
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Selling & Admin. Expenses |
2,079,914,000 |
1,833,154,000 |
1,881,000,000 |
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Operating Income |
172,880,000 |
135,017,000 |
138,000,000 |
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Non-Operating Income |
- |
- |
- |
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Non-Operating Expenses |
83,374,000 |
90,589,000 |
88,000,000 |
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Ordinary Income |
137,138,000 |
87,347,000 |
113,000,000 |
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Special Income |
- |
- |
- |
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Income Before Taxes |
137,138,000 |
87,347,000 |
113,000,000 |
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Income Taxes Expenses |
22,100,000 |
12,542,000 |
20,000,000 |
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Net Income |
115,038,000 |
74,805,000 |
93,000,000 |
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Main Products & Services |
Structures and Building and Construction and Manufacturing Components
and Supplies Structural materials and basic shapes Coil Mineral and Textile and Inedible Plant and Animal Materials Minerals and ores and metals Base Metals CR/EGI/GA/GL/STAINLESS STEEL SHEET &
COIL |
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Competitors |
ILSHIN
STEEL INTERNATIONAL CO., LTD. RM.603, KYUNGSUNG BLDG., 814-1, SEOJEONG-DONG,
PYEONGTAEK-SI, TEL:+82-31-666-8789 FAX:+82-31-668-8784 660-39, BONGAM-DONG, MASAN-SI, TEL:+82-55-299-6111 FAX:+82-55-299-6114 DUCKSOO METAL CO., LTD. 1658-5, SONGJEONG-DONG, GANGSEO-GU, TEL:+82-51-831-7177 FAX:+82-51-831-7185 |
(Activity &
Markets)
The subject deals
with the companies in
Not Available.
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.05 |
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|
1 |
Rs.81.09 |
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Euro |
1 |
Rs.67.39 |
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.