MIRA INFORM REPORT

 

 

Report Date :           

21.04.2012

 

IDENTIFICATION DETAILS

 

Name :

HANMI RESOURCES CO., LTD.

 

 

Registered Office :

99-6, Garakbon-dong, Songpa-gu, Seoul, Korea, Rm. 710, Dongbu Sun-ville, Zip Code 138-754

 

 

Country :

South Korea

 

 

Date of Incorporation :

03.12.1999

 

 

Com. Reg. No.:

215-81-85482

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Wholesale of Basic Metals

 

 

No. of Employees :

06

 

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 :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

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

HANMI RESOURCES CO., LTD.

(Korean Company Name : “한미자원(주)”)

Registered Address

99-6, Garakbon-dong, Songpa-gu, Seoul, Korea

Building

Rm. 710, Dongbu Sun-ville

Zip Code

138-754

Tel

+82-2-402-1885

Fax

+82-2-409-1887

E-mail

skwon@hanresco.com

Website

www.hanresco.com

Trading Address

Rm. 710, Dongbu Sun-ville, 99-6, Garakbon-dong, Songpa-gu, Seoul, Korea

Tel

+82-2-402-1885

Fax

+82-2-409-1885

Type

Export/Import

Industry

Wholesale of Basic Metals

  Main Business

Steel Pipe, Tube, Steel Bar, Steel Wire, Wire Rods, Wire Ropes, Galvanized Sheet, Prepainted Sheet, Tin Plate, Machinery

  Sub Business

Wholesale of Other Industrial Machinery and Equipment

Established (mm/dd/yyyy)

12/03/1999

The Subject owns the premises of registered HQ address.

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Steel(11101704)

Sell

Mechanical wire(31151800)

Sell

Steel channels(30101804)

Sell

Foundry machines and equipment(23161500)

Sell

Iron bars(30101603)

Sell

Rod(30102400)

Sell

Iron plate(30102203)

 

CEO’s

 

Name

Kwon Sun-Yul

Address

Suite 102-1004, Dosan-daero 92-gil, Gangnam-gu, Seoul, Korea

Date of Birth

12/05/1957

Title

President & CEO

Sex

Male

Nationality

Korean

 

Profiles

 

Capital (KRW)

100,000,000

Employees

6

Formation

Co., Ltd by shares

Bank Details

Korea Exchange Bank-Garak Branch

Corporate Registered No.

110111-1820946

Business Registered No.

215-81-85482

Permit & Licenses

Int’l Trade No.: 11683603

Shareholder Position

N/A

Company History

12/03/1999 incorporated as the present name

11/2004 Awarded US$3 Million Export Top Prize

11/2005 Awarded US$5 Million Export Top Prize

12/21/2005 Increased capital to 100,000,000 KRW from 50,000,000 KRW

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Kwon Sun-Yul

Male

Korean

12/03/1999

Director

Mr.

Ko Wook-Hyun

Male

Korean

12/03/1999

Director

Mr.

Kim Beom-Sik

Male

Korean

12/03/1999

Auditor

M/S.

Lee Young-Ja

Female

Korean

12/03/1999

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2011

 

 

 

2010

17,000,000,000

 

 

2009

 

 

 

2008

 

 

 

2007

11,000,000,000

 

 

2006

9,000,000,000

1,433,000,000

90,000,000

2005

9,440,000,000

457,000,000

86,000,000

2004

7,000,000,000

 

 

2003

3,977,000,000

 

 

The latest & full 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)

100,000,000

Total Issued Shares

20,000

 

Products, Technologies, Services Description

 

Main Products & Services

Cold Rolled Steel

Galvanized Steel

Prepainted Steel

Tin Plate

SAW, ERW Pipes/Tubes

Hot Finished Steel Bars

Cold Finished Steel Bars

QT Bars

Angles, Channels, H-Beams

Railway Rails

Cold Heading Quality Wires

Bearing Steel Wire & Bars

High Carbon Wires, Ropes

 

 

Trade Partners & Competitors

 

Competitors

ILSHIN STEEL INTERNATIONAL CO., LTD.

RM.603, KYUNGSUNG BLDG., 814-1, SEOJEONG-DONG, PYEONGTAEK-SI, GYEONGGI-DO, KOREA

TEL:+82-31-666-8789 FAX:+82-31-668-8784

 

KOREA STAINLESS METAL CO., LTD.

660-39, BONGAM-DONG, MASAN-SI, GYEONGSANGNAM-DO, KOREA

TEL:+82-55-299-6111 FAX:+82-55-299-6114

 

DUCKSOO METAL CO., LTD.

1658-5, SONGJEONG-DONG, GANGSEO-GU, BUSAN, KOREA

TEL:+82-51-831-7177  FAX:+82-51-831-7185

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in Australia, Iran, New Zealand, Saudi Arabia and USA.

 

 

Court Action

 

Not Available.

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.99

UK Pound

1

Rs.83.54

Euro

1

Rs.63.40

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.