|
Report Date : |
17.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
POSCO ENGINEERING & CONSTRUCTION CO., LTD. |
|
|
|
|
Registered Office : |
568-1, Goedong-dong, Nam-gu, Pohang-si, Gyeongsangbuk-do |
|
|
|
|
Country : |
South korea |
|
|
|
|
Financials (as on) : |
30.9.2012 |
|
|
|
|
Date of Incorporation : |
02.02.1982 |
|
|
|
|
Com. Reg. No.: |
506-81-02280 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Construction of Industrial Plants |
|
|
|
|
No. of Employees : |
4,158 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
South Korea - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies, and currently is among the world's 20 largest economies. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea''s development model including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. With the global economic downturn in late 2008, South Korean GDP growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to recover, in large part due to export growth, low interest rates, and an expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade Agreement was ratified by both governments and is projected to go into effect in early 2012. The South Korean economy''s long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports - which comprise half of GDP.
|
Source : CIA |
|
Company Name |
POSCO ENGINEERING & CONSTRUCTION CO., LTD. |
|
Registered Address |
568-1, Goedong-dong, Nam-gu, Pohang-si, Gyeongsangbuk-do, Korea |
|
Zip Code |
790-704 |
|
Tel |
+82-54-223-6114~5 |
|
Fax |
+82-54-223-6049 |
|
E-mail |
jychung@poscoenc.com |
|
Website |
www.poscoenc.com |
|
Trading Address |
17th Fl., Daeryung Bldg., 826-20, Yeoksam 1-dong, Gangnam-gu, Seoul,
Korea |
|
Tel |
+82-2-3457-2114 |
|
Fax |
+82-2-3457-2299 |
|
Other Address-Gwangyang Head Office |
623, Geumho-dong, Gwangyang-si, Jeollanam-do, Korea |
|
Tel |
+82-61-798-5200 |
|
Fax |
+82-61-798-5259 |
|
Other Address-Busan Office |
1406, U-dong, Haeundae-gu, Busan, Korea |
|
Tel |
+82-51-749-0500 |
|
Fax |
+82-51-749-0599 |
|
Other Address-Incheon Office |
1142, Guwol-dong, Namdong-gu, Incheon, Korea |
|
Tel |
+82-32-425-9700 |
|
Fax |
+82-32-425-5415 |
|
Other Address-R&D Center |
79-5, Yeongcheon-ri, Dongtan-myeon, Hwaseong-si,
Gyeonggi-do, Korea |
|
Tel |
+82-31-370-9821 |
|
Fax |
+82-31-370-9829 |
|
Other Address-Songdo Business HQ |
6-1, Songdo-dong, Yeonsu-gu, Incheon, Korea |
|
Tel |
+82-32-850-3700 |
|
Fax |
+82-32-850-3799 |
|
Other Address-Construction Site |
468-10, Yongcheon-ri, Heunghae-eup, Buk-gu ,Pohang-si,
Gyeongbuk, Korea |
|
Tel |
+82-54-262-7991~2 |
|
Fax |
+82-54-262-6092 |
|
Type |
Export/Import |
|
Industry |
Construction of Industrial Plants |
|
Main Business |
Plant Construction, River Bridge Construction, Building Construction |
|
Sub
Business |
Other Civil Engineering Construction |
|
Established (mm/dd/yyyy) |
02/02/1982 |
The Subject owns the premises of registered
HQ address and R&D Center.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Commercial or industrial construction(72131600) |
|
Sell |
Civil engineering(81101500) |
|
Sell |
Residential construction(72131500) |
|
Sell |
General building construction(72130000) |
|
Name |
Jung Dong-Hwa |
|
Address |
|
|
Date of Birth |
11/15/1951 |
|
Title |
Vice Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
183,615,000,000 |
||||||||||||||||||
|
Employees |
4,158 |
||||||||||||||||||
|
Formation |
Co., Ltd by shares A Company of POSCO Group |
||||||||||||||||||
|
Bank Details |
Woori Bank-POSCO Center Branch Korea Exchange Bank Korea Development Bank Industrial Bank of Korea Nonghyup Bank Hana Bank |
||||||||||||||||||
|
Corporate Registered No. |
174611-0002979 |
||||||||||||||||||
|
Business Registered No. |
506-81-02280 |
||||||||||||||||||
|
Permit & Licenses |
09/1996 ISO 9001 04/2000 ISO 14001 Int’l Trade No.: 875479 |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
09/2008 Won the contract for Hanoi New City
Master Plan in Vietnam 08/2008 Completion of Conventia in Songdo
Business District, Incheon 08/2008 Ground breaking of Angamos
Coal-fired power plant in Chile 06/2008 Ordered CGL plant by Kibar Holdings
in Turkey 05/2008 Groundbreaking of Cai Mep
International Terminal Port in Vietnam 04/2008 Aquired 60% stake of Daewoo
Engineering 04/2008 Groundbreaking of Angamos
coal-fired power plant in Chile 03/2008 Recieved US$500million worth order
by AES Fonseca in El Salvador 02/2008 Voted as [The most preferred
Workplace] in construction industry for 3 consecutive years 12/2007 Awarded Korea’s “Safety Management”
Grand prize(First in the construction industry) 12/2007 Concluded No.5 CGL supply contract
with Unionsteel 12/2007 Acquired ASME-S Certificate 11/2007 Awarded the best Credit Rating of
construction companies in Korea[ Standard&Poors(BBB+), Moody’s(Baa1) ] 11/2007 Declared a fair trade agreement
with subcontractors 120Mpa concrete pumping (The highest height in Korea) 11/2007 Conclusion of MOU for Universal
Studio construction 11/2007 Completed construction of Gwangyang
No. 3 blast furnace for 55 days (The best record in the world) 10/2007 Awarded Korea’s “Architectural
Culture” Grand prize 09/2007 Received Korea’s “Green Management”
Grand prize 09/2007 Opened Abu Dhabi Office 09/2007 Signed blast furnace contract for
$350M worth in India 08/2007 Groundbreaking of POSCO
Cold-rolling mill in Vung-Tau, Vietnam 07/2007 Opened Cambodia office 04/2007 Starts Construction of North An
Khanh New City in Vietnam 02/2007 Opened Dubai Office 12/2006 Granted building license for Bac An
Khanh urban area in Vietnam 11/2006 Conclusion of MOU with the Federal
Ministry of Transport of Nigeria for railroad construction project 11/2006 Completed the 3rd extension work
for Zhangjiagang STS 09/2006 Signed EPC contract for $370M worth
Power plant in Chile 09/2006 Won Korea Green Management
Excellence Awards 08/2006 Agreed to develop new city in An
Kahnh, Vietnam and construct Lang-Hoa Lac highway 08/2006 Awarded as Korea's Best Employer of
construction industry 07/2006 Won the Residential Culture Award
and Marketing Award by Hankyung Newspaper 07/2006 Voted as the most preferred engineering
and construction company by job seekers 06/2006 Awarded as 'The most livable
apartment in Korea'(Centum Park in Busan) 06/2006 Selected as preferred bidder for
Pangyo Technovalley SD-1 04/2006 Signed for Bongmu industrial
complex construction project 04/2006 Selected as preferred bidder for
Yunbuk leisure complex project 03/2006 Began construction of Songdo
International School 03/2006 Ranked as the most ethical
corporation in construction sector by Ministry of Commerce, Industry and
Energy 02/2006 Launched Busan-Gimhae Light Rail
Transit project 01/2006 Launched PI (process innovation)
system 01/2006 Won $330M-worth Samangan Mini Mill
Project in Iran |
||||||||||||||||||
|
Company History |
12/2005 Selected as preferred bidder of
Daegu Bongmu industrial complex 10/2005 Received Korea's "Green
Management"Grand prize(First in the construction industry) 10/2005 The First World received 'Housing
Design Award' by American Institute of Architects 09/2005 Most preferred construction company
by job seekers 05/2005 First phase of repairs in Gwangyang
no.2 blast furnace completed 04/2005 11th in the ranking of most admired
company domestically(Best within construction industry) 03/2005 Won the order of Saudi Hadeed CCL 11/2004 Foundation of the men's gymnastics
team 11/2004 Commencement of construction for
the Songdo New City International Convention Center 11/2004 Hosting of technology Fair
commemorating the 10th anniversary of the company 07/2004 2004 Awarded the highest credit
rating among construction companies for the 7th consecutive year 06/2004 2004 Visit to the Pohang
'Jukdo-Fisheries Market' 06/2004 Launching of new housing
philosophy, Ergonomics Design 03/2004 Contract the New hwasung City
multi-complex development 03/2004 Go into CGL market in Taiwan 11/2003 Korean Architectural Culture Award 10/2003 Held a business presentation on New
Songdo City International Business Center development 09/2003 Selected as a new capital and labor
excellent company 08/2003 Won a green management excellent
award 07/2003 Enacted and proclaimed Code of
Ethics 07/2003 Open the 10th Anniversary
commemoration emblem 06/2003 Acquired OHSAS 18001 certification 06/2003 Awarded project for the
construction of a vocational training center in Cambodia 05/2003 Constructed and distributed
"The Star City," housing complex 05/2003 Completed construction of the Finex
Demo Plant 04/2003 Opened Cyber Civil Complaint
services 04/2003 Acquired KOSHA 18001 certification 03/2003 Established Promotion Corporation
for the Busan-Kimhae light electricrail construction project 02/2003 Concluded CCL, CGL supply contract
with Nakisco Co., Vietnam 01/2003 Concluded supply contract with
KonMyung Steel & Iron Equipment 12/2002 Won contract for the Busan-Kimhae
light electric rail construction project 12/2002 Awarded the Han Kyung Housing
Culture Grand Prix (Brand Part) 03/2002 Participation in the Incheon Songdo
New City Construction Project 03/2002 Launching of the housing brand
"the#" 03/2002 Changed company name to the present
name |
||||||||||||||||||
|
Company History |
07/2001 Construction commencement of Park
View Apartment in Bundang(1,829 households) 07/2001 Evaluated as the most reliable
construction company among domestic companies based on short term credit
evaluation 05/2001 Recreation Center in Seoul National
University was awarded silver metal from Seoul city 11/2000 Awarded a presidential citation for
contribution to construction of new airport highway 10/2000 Awarded project of rebuilding of
1st Donga Apt of Daechi-dong(entered rebuilding business area) 07/2000 Awarded top credit rating in
enterprise credit evaluation by the Construction cooperative association 07/2000 Recorded the lowest accident rate
three years consecutively among the top twenty construction Companies
announced by the Ministry of Labor Affairs 06/2000 Awarded the highest rating in the
short-term credit evaluation among the whole construction companies
nationwide 05/2000 Awarded the Golden Construction
Prize by Shanghai-city Government with its POS-PLAZA, a commercial office tower
in Shanghai, China 04/2000 Granted ISO 14001 Certificate 03/2000 Awarded the Golden Quality Medal by
Vietnam Government with its DIAMOND PLAZA, a complex of Apt. hotel and
shopping malls in Hochimin, Vietnam 11/1999 Opened Beijing Office in China 11/1999 Awarded overseas(Iran) order of
U$230 mil for supply of Blast Furnace, 1st time nationwide 11/1999 Granted Safety & Management
Award 08/1999 Opened Hanoi Office in Vietnam 03/1999 Completed No.5 Blast Furnace of
Kwangyang Works(3 mil. tons annually) 11/1998 Completed Pallet Plant in Brazil
(4mil. tons annually) 05/1998 MIDAS Center separated from
corporate as an independent company 05/1998 Completed CGL in Zhangjiagang,
China(one hundred thousand tons annually) 11/1997 Completed CGL in Dalian, China (one
hundred thousand tons annually) 09/1997 Completed No.3 Plate Mill (1.06
million tons annually) 08/1997 Completed No.4 Cold Rolling Mill of
Kwangyang Works(1.8 million tons annually, the largest volume by single mill
in the world) 07/1997 Completed 2nd Revamping Project of
No.2 Blast Furnace of Pohang Works (1.8 million tons annually) 10/1996 Declaration of Corporate's Culture 09/1996 Obtained ISO 9001 Certificate 08/1996 Completed Project for Extension STS
plant of Pohang Works(860,000 tons annually, the largest volume by single
mill in the world) 07/1996 Completed Steel Structured
Apartment, 1st time nationwide(2 basement stories and 25 stories above the
ground) 10/1995 Awarded ARCO Project of U$ 130
million, the largest special steel mill in the Middle east 06/1995 Opened POSLILAMA Co., in Vietnam 06/1995 Opened a local company for
POS-PLAZA in Shanghai, China 05/1995 Ranked 1st in the volume of the
construction work for environment pollution protection facilities in
1994(announced by Korea Association of Environment Pollution Preventive
Facilities) 04/1995 Established IBC Corporation in
Vietnam as a branch 12/1994 POSCO Engineering &
Construction Co., Ltd (POSEC) founded 12/1994 POSEC is formed through unification
of all engineering and construction areas in the whole POSCO group companies
such as engineering and construction divisions of POSCO( founded Apr.1,
1968),POSCO Engineering Co., Ltd. (founded Jul.3, 1970) and Geoyang
Development Co., Ltd.(founded Apr.1, 1982) |
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Date of Birth |
|
Vice Chairman & CEO |
Mr. |
Jung Dong-Hwa |
Male |
Korean |
1951.11.15 |
|
President |
Mr. |
Kim Sung-Kwan |
Male |
Korean |
1950.12.07 |
|
President & CEO |
Mr. |
Yoo Kwang-Jae |
Male |
Korean |
1952.04.28 |
|
Vice President |
Mr. |
Ahn Byung-Sik |
Male |
Korean |
1956.01.15 |
|
Sr. Executive Director |
Mr. |
Lee Dong-Man |
Male |
Korean |
1954.07.18 |
|
Sr. Executive Director |
Mr. |
Choi Hong-Kil |
Male |
Korean |
1956.11.19 |
|
Vice President |
Mr. |
Yoon Dong-Joon |
Male |
Korean |
1958.10.16 |
|
Sr. Executive Director |
Mr. |
Si Dae-Bok |
Male |
Korean |
1959.07.26 |
|
Sr. Executive Director |
Mr. |
Kim Tae-Hoon |
Male |
Korean |
1952.12.01 |
|
Director |
Mr. |
Kim Dong-Man |
Male |
Korean |
1958.01 |
|
Director |
Mr. |
Lee Young-Hoon |
Male |
Korean |
1959.08 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
4,115,514,623,346 |
7,426,714,642,113 |
196,059,745,082 |
|
|
(*)2011 |
6,142,026,293,939 |
6,819,541,907,975 |
109,921,319,871 |
|
(*)2010 |
6,248,379,036,821 |
5,388,146,258,660 |
174,482,702,209 |
|
2009 |
6,675,710,527,374 |
4,431,218,383,958 |
304,907,706,185 |
|
2008 |
4,517,303,185,529 |
4,730,101,079,478 |
161,519,538,392 |
|
2007 |
3,468,523,948,196 |
2,763,451,953,947 |
205,846,906,225 |
|
2006 |
3,670,408,752,156 |
2,197,624,495,990 |
194,034,479,218 |
|
2005 |
3,924,967,847,821 |
1,967,716,136,511 |
150,254,773,873 |
|
2004 |
2,693,052,680,670 |
1,781,893,933,566 |
91,539,679,673 |
|
2003 |
6,675,710,527,374 |
4,431,218,383,958 |
304,907,706,185 |
(*)Figures are
based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
700,000,000,000 |
|
Paid-Up Capital(KRW) |
183,615,000,000 |
|
Total Issues Shares |
36,723,000 |
Balance Sheet
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
7,426,714,642,113 |
6,819,541,907,975 |
5,388,146,258,660 |
|
Current Assets |
5,631,378,852,658 |
5,334,492,492,403 |
3,968,271,414,788 |
|
Cash & Cash Equivalents |
178,256,029,989 |
724,923,350,638 |
637,131,191,217 |
|
Trade Receivables |
1,677,835,752,321 |
1,354,600,371,815 |
1,090,522,075,393 |
|
Other Finance Assets |
373,203,769,322 |
379,907,961,099 |
519,351,267,522 |
|
Other Receivables-Construction |
1,458,065,760,176 |
1,323,188,954,985 |
823,297,304,085 |
|
Inventories |
1,045,658,140,445 |
987,787,535,983 |
433,271,713,544 |
|
Other Current Assets |
898,359,400,405 |
564,084,317,883 |
464,697,863,027 |
|
Non-Current Assets |
1,795,335,789,455 |
1,485,049,415,572 |
1,419,874,843,872 |
|
Investment_Subsidiaries |
707,224,920,434 |
474,939,431,861 |
367,520,580,917 |
|
Investment_Related Companies |
211,538,606,229 |
240,471,582,287 |
229,547,133,650 |
|
Other Financial Instruments |
458,198,588,458 |
314,556,412,893 |
286,192,219,866 |
|
Tangibles |
46,740,448,962 |
42,232,111,751 |
40,054,042,937 |
|
Investment_Real Estates |
176,462,366,409 |
200,020,106,947 |
218,056,581,369 |
|
Intangibles |
34,054,952,654 |
29,988,374,059 |
33,568,473,773 |
|
Deferred Income Tax Assets |
157,590,783,012 |
179,509,528,741 |
102,173,025,798 |
|
Other Non-Current Assets |
3,525,123,297 |
3,331,867,033 |
142,762,785,562 |
|
Total Liabilities |
4,670,185,178,656 |
4,260,627,445,702 |
2,904,461,197,520 |
|
Current Liabilities |
3,798,139,277,903 |
3,314,646,281,596 |
2,523,381,035,898 |
|
Trade Payables |
697,640,300,767 |
908,864,904,456 |
529,957,197,057 |
|
Short-Term Borrowings |
572,001,355,969 |
128,427,276,574 |
637,550,879,032 |
|
Other Current Financial Debts |
314,200,070,284 |
383,794,451,944 |
337,730,670,159 |
|
Other Payables-Construction |
310,227,281,314 |
211,848,544,330 |
492,132,510,913 |
|
Accrued Income Tax |
18,410,913,746 |
62,828,250,011 |
23,539,594,968 |
|
Other Current Liabilities |
1,853,071,003,887 |
1,596,221,888,364 |
479,543,330,205 |
|
Provisions |
32,588,351,936 |
22,660,965,917 |
22,926,853,564 |
|
Non-Current Liabilities |
872,045,900,753 |
945,981,164,106 |
381,080,161,622 |
|
Long-Term Borrowings |
736,938,765,012 |
799,284,712,768 |
290,968,102,150 |
|
Other Non-Current Financial Debts |
32,804,846,656 |
52,156,006,278 |
34,524,371,280 |
|
Confirmed Salaries |
45,814,942,492 |
27,542,519,125 |
30,678,225,432 |
|
Other Non-Current Liabilities |
- |
1,496,250,000 |
3,491,250,000 |
|
Provisions |
56,487,346,593 |
65,501,675,935 |
21,418,212,760 |
|
Capital Stock |
183,615,000,000 |
183,615,000,000 |
183,615,000,000 |
|
Capital Surplus |
760,510,037,961 |
760,510,037,961 |
760,510,037,961 |
|
Others |
-87,139,617 |
-13,230,324,912 |
8,201,515,449 |
|
Profit Surplus |
1,812,491,565,113 |
1,628,019,749,224 |
1,531,358,507,730 |
|
Total Equity |
2,756,529,463,457 |
2,558,914,462,273 |
2,483,685,061,140 |
|
Liab. & Shareholder’s Equity |
7,426,714,642,113 |
6,819,541,907,975 |
5,388,146,258,660 |
Income Statement
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
4,115,514,623,346 |
6,142,026,293,939 |
6,248,379,036,821 |
|
Cost of Sold Goods |
-3,726,343,102,411 |
-5,565,770,981,529 |
-5,693,681,036,919 |
|
Gross Profit |
389,171,520,935 |
576,255,312,410 |
554,697,999,902 |
|
Admin. Expenses |
-172,343,876,248 |
-293,594,704,717 |
-230,489,018,797 |
|
Selling Expenses |
-28,397,419,672 |
-42,660,771,270 |
-39,909,644,568 |
|
Other Operating Income |
36,181,281,319 |
88,872,743,464 |
31,727,325,341 |
|
Other Operating Expenses |
-36,906,448,836 |
-105,179,237,679 |
-89,455,211,097 |
|
Operating Income |
187,705,057,498 |
223,693,342,208 |
226,571,450,781 |
|
Finance Income |
177,493,172,963 |
136,649,543,337 |
111,651,313,527 |
|
Finance Expenses |
-107,221,043,265 |
-244,521,256,979 |
-115,341,347,667 |
|
Income Before Taxes |
257,977,187,196 |
115,821,628,566 |
222,881,416,641 |
|
Income Taxes Expenses |
-61,917,442,114 |
-5,900,308,695 |
-48,398,714,432 |
|
Net Income |
196,059,745,082 |
109,921,319,871 |
174,482,702,209 |
Cash Flows
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Operating Activities Cash Flows |
-619,940,114,222 |
121,217,483,104 |
-141,331,605,587 |
|
Net Income |
196,059,745,082 |
109,921,319,871 |
174,482,702,209 |
|
Adjustment |
19,989,765,300 |
183,612,252,129 |
168,749,382,219 |
|
Interests Received |
9,744,775,923 |
14,144,948,950 |
16,067,859,813 |
|
Interests Paid |
-23,785,021,783 |
-44,204,672,703 |
-42,222,579,670 |
|
Dividends Received |
13,153,725,418 |
-33,388,346,348 |
11,732,738,124 |
|
Income Taxes |
-87,004,213,167 |
15,972,723,636 |
-80,773,835,311 |
|
Cash Flows from Investing |
-303,919,474,721 |
-21,960,688,005 |
-243,950,771,843 |
|
Cash Flows from Financing |
377,648,475,800 |
-14,317,252,216 |
596,248,559,238 |
|
Increase/Decrease in Cash |
-546,667,320,649 |
84,939,542,883 |
210,966,181,808 |
|
Cash at the Beginning of Year |
724,923,350,638 |
637,131,191,217 |
427,174,213,699 |
|
Cash at the End of Year |
178,256,029,989 |
724,923,350,638 |
637,131,191,217 |
|
Main Products & Services |
Steel Plant Engineering Energy Plants Chemical Plants Environmental Plants Civil Infrastructure Urban Development & Architecture Renewable Energy |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Supplers |
MACQUARIE IT KOREA LTD.(110111-2080854) supplies PC Operating Lease
Service to the subject company. DONGKUK STEEL MILL CO., LTD.(110111-0031338) HYUNDAI STEEL COMPANY(120111-0001743) YK STEEL CORP.(180111-0429539) POSTEEL(110111-0344591) SSANGYONG CEMENT INDUSTRY CO., LTD.(110111-0037823) |
|
Customers |
KT CORPORATION(110111-1468754) SUWON GREEN ENVIRONMENT
CORPORATION(134811-0133794) KOREA ELECTRIC POWER
CORPORATION(114671-0001456) KOREA LAND CORPORATION(114271-0001818) KOREAN AIR LINES CO., LTD.(110111-0108484) POSCO(174611-0000741) |
|
Competitors |
DAELIM INDUSTRIAL CO., LTD. DAELIM BLDG., 146-12, SUSONG-DONG,
JONGNO-GU, SEOUL, KOREA TEL:+82-2-2011-7114 FAX:+82-2-2011-8000 INDUSTRIAL TECHNOLOGY SERVICES CO., LTD. 410-5, DOKGOT-RI, DAESAN-EUP, SEOSAN-SI,
CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-660-6518 FAX:+82-41-660-6519 INVON E & C CO., LTD. 8TH FL., SEONGNAM FINANCE BLDG., 6910,
SINHEUNG 2-DONG, SUJEONG-GU, SEONGNAM-SI, GYEONGGI-DO, KOREA TEL:+82-31-750-6400 FAX:+82-31-750-6691 |
|
Affiliates |
POSCO(174611-0000741) POSCO COATED & COLOR STEEL CO.,
LTD.(174611-0006492) POSDATA CO., LTD.(110111-0658637) POSCO REFRACTORIES & ENVIRONMENT CO.,
LTD.(174611-0001947) SAMJUNG PACKING AND ALUMINUM CO.,
LTD.(174611-0000866) POS-A.C. CO., LTD.(174611-0003448) POSCO ENGINEERING & CONSTRUCTION CO.,
LTD.(174611-0002979) POSCO RESEARCH INSTITUTE(110111-1042350) POSCON(174611-0002242) POSTEEL(110111-0344591) POSCO SPECIALTY STEEL CO., LTD.
(194211-0025248) POSCO MACHINERY CO., LTD.(206411-0010175) POSMEC(POSCO MACHINERY & ENGINEERING
CO., LTD.)(174611-0012176) POSCO TERMINAL CO., LTD.(204611-0017575) POSTECH VENTURE CAPITAL COOPERATION
(174611-0029080) POSMATE CO., LTD.(110111-0739841) POSCO POWER CORPORATION(110111-1829576) SNNC CO., LTD.(204611-0023415) PHP CO., LTD.(120111-0421545) POSBRO(110111-3528986) POSCORE CO., LTD.(134811-0003343) RIZTECH BIZ CO., LTD. POSWITH CO., LTD.(171711-0075927) P&R CO., LTD. BASYS INDUSTRY CO. LTD.(110111-0954647) |
|
Affiliates |
SUWON GREEN ENVIRONMENT
CORPORATION(134811-0133794) (27.5% held by the subject company) UI TRANS CO., LTD.(110111-3792309) (27.29% held by the subject company) DAKOS(131110-0246297) MAPO HIBROAD PARKING CO., LTD.(110111-4250140) (67.0% held by the subject company) PURE GIMPO CO., LTD.(110111-4290394) (45.17% held by the subject company) PLANT EST CO., LTD.(171711-0087592) (100.00% held by the subject company) UNIVERSAL STUDIOS RESORT DEVELOPMENT CORPORATION(134811-0167222) (24.43% held by the subject company) METAPOLIS CO., LTD.(134811-0094475) (40.05% held by the subject company) SEOUNG GWANG CO., LTD.(120111-0222844) (30.62% held by the subject company) CHEONGNA IBT CO., LTD.(120111-0454520) (6.27% held by the subject company) POHANG FEUL CELL CO., LTD.(171711-0076256) (25.0% held by the subject company) MEGA ASSET CO., LTD.(161511-0097480) (100.0% held by the subject company) DAEWOO ENGINEERING COMPANY CO.,
LTD.(110111-0203268) (92.26% held by the subject company) |
|
Overseas Office |
SHANGHAI POSCO E&C REAL ESTATE
DEVELOPMENT CO.,LTD POS-PLAZA 3F NO. 1600, CENTURY AVENUE,
PUDONG NEW AREA,SHANGHAI, CHINA TEL:+86-21-6875-9999 FAX:+86-21-6875-0663 POSCO E&C(ZHANGJIAGANG) ENGINEERING
& CONSTRUCTION CO.LTD NO.1 JINFENG RIVERSIDE ROAD,ZHANGJIAGANG
CITY, JIANGSU PROVINCE,PRC(POST CODE : 125625) TEL:+86-512-5853-6092 FAX:+86-512-5853-6077 POSCO E&C(BEIJING) CO.,LTD ROOM 418 BUILDING D, YEQING PLAZA, 9
WANGJING NORTH ROAD, CHAOYANG DISTRICT, BEIJING P.R.C, CHINA (POST CODE :
100102) TEL:+86-10-6439-0588 FAX:+86-10-6439-8048 POSLILAMA ENGINEERING & CONSTRUCTION
CO.,LTD. INDUSTRIAL ZONE NO.1, DONG NAI PROVINCE,
VIETNAM TEL:+84-613-56-0850 FAX:+84-61-84-8634 #708, 7TH FLOOR, DIAMOND PLAZA BLDG., 34 LE
DUAN ST.DIST 1, HCMC, VIETNAM TEL:+84-8-822-0990 FAX:+84-8-822-0991 INTERNATIONAL BUSINESS CENTER CORPORATION DIAMOND PLAZA 5F 512, 34 LE DUAN ST,
DIST.1, HCMC, VIETNAM TEL:+84-8-822-1922 FAX:+84-8-822-8562 POSEC-HAWAII INC. 909 KAPIOLANI BOULEVARD, SUITE 3404,
HONOLULU, HAWAII 96814 TEL:+1-808-593-4445 FAX:+1-808-593-4448 POSCO E&C(NIGERIA) CO.,LTD. 23 SULEIMAN BARAU STREET ASOKORO ABUJA,
NIGERIA TEL:+234-805-084-5336 POSCO E&C HANOI REPRESENTATIVE OFFICE ROOM A310, THE MANOR, MY DINH, TU LIEM,
HANOI, VIETNAM TEL:+84-4-936-4952 FAX:+84-4-936-4956 |
|
Overseas Office |
AN KHANH NEW CITY DEVELOPMENT JOINT VENTURE
CO,. LTD. FLOOR 21, HOA BINH TOWER, 106 HOANG QUOC
VIET STREET, HANOI, VIETNAM TEL:+84-4-755-6344 FAX:+84-4-755-6352 POSCO E&C(ISFAHAN PJT OFFICE) 4TH FLOOR, HAKIM BUILDING, BISHEH HABIB,
VILLA ALLEY, MOTAHRI STREET, ISFAHAN IRAN TEL:+98-334-257-3093 FAX:+98-334257-3093 POSCO ENGINEERING & CONSTRUCTION INDIA
PRIVATE LTD. 6TH FLOOR PARK CENTRA BUILLDING TOWER, 32ND
MILESTONE, NH-8, SECTOR-30, GURGAON-122001, HARYANA STATE, INDIA TEL:+91-124-331-5116 FAX:+91-124-331-5111 INDIA LIAISON OFFICE PLOT NO. 186, JAYADEV VIHAR,NAYAPALI,
BHUBANESHWAR, ORISSA, INDIA TEL:+91-993709-1908 DUBAI BRANCH OFFICE 701,GREEN TOWER BUTTN STREET, DEIRA DUBAI,
U.A.E. TEL:+971-50-961-4282 P.O. BOX 94270, ABU DHABI, U.A.E VILLA NO. A6-4884(21
VILLA), BEHIND THE ONE FURNITURE SHOWROOM, NEAR AMERICAN COMMUNITY SCHOOL, KHALIDIYA,
ABU DHABI, U.A.E. TEL:+971-2-681-7634 FAX:+971-2-681-7640 |
|
Overseas Office |
POSCO E&C CAMBODIA BRANCH OFFICE IOC CENTER F3-R04,NO254,MONIVONG BLVD,PHNOM
PENH,CAMBODIA TEL:+855-2-322-4511 FAX:+855-1-238-9234 CHILE BRANCH OFFICE EDIFICIO MILLENIUM AV. VITACURA 2939, PISO
2702, LAS CONDES, SANTIAGO, CHILE TEL:+56-2-435-1404~6 FAX:+56-2-435-1407 EL SALVADOR BRANCH CALLE LA MASCOTA COLONIA SAN BENITO, PASAJE
2 NUMERO DE CASA 159, SAN SALVADOR, EL SALVADOR TEL:+503-2252-30306 FAX:+503-2252-3040 POSCO E&C SMART S DE RL DE CV BOULEVARD DE LOS RIOS SN COL. PUERTO
INDUSTRIAL ALTAMIRA, TAMAULIPAS, MEXICO TEL:+52-833-162-1509 POS-UTEK DEVELOPMENT YUZHNO-SAKHALINSK 41 OFFICE 28
KOMMUNISTICHESKIY AV., 693000 TEL:+7-4242-26-49-85 FAX:+7-4242-26-49-85 POS-UTEK BRANCH OFFICE KURILSK ST. 44 ROOM NO.1 YUZHNO-SAKHALINSK
RUSSIA TEL:+7-4242-46-9986 SAUDI ARABIAN BRANCH OFFICE 504, AI-AKARIYA BUILDING 3, OLAYA
MAIN STREET RIYADH 11432, KSA TEL:+966-1-215-1705 FAX:+966-1-215-1704 |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
PHP CO., LTD. (100.0% held by the subject company) MEGA ASSET CO., LTD.(161511-0097480) (100.0% held by the subject company) I.B.C. CORP. (60.00% held by the subject company) POSEC-HAWAII (100.00% held by the subject company) POS-LILAMA E&C (60.00% held by the subject company) POSCO E&C BEIJING (100.00% held by the subject company) POSCO E&C NIGERIA LTD. (100.00% held by the subject company) AN KHANH NEW CITY DEVELOPMENT
JOINT-VENTURED COMPANY LTD. (50.00% held by the subject company) POSCO E&C INDIA PRIVATE LTD. (100.00% held by the subject company) VECTUS LTD. (54.09% held by the subject company) POSCO E&C SMART (100.00% held by the subject company) POS-UTEK DEVELOPMENT (25.00% held by the subject company) AZER POSCO ENGINEERING AND CONSTRUCTION (100.00% held by the subject company) POS-JK (10.00% held by the subject company)\ UITRANS CO., LTD.(110111-3792309) MAPO HIBROAD PARKING CO., LTD.(110111-4250140) SUWON GREEN ENVIRONMENT CO., LTD.(134811-0133794) CLEAN GIMPO CO., LTD.(110111-4072297) POSCO ENGINEERING CO., LTD.(110111-0203268) PLANT EST CO., LTD.(171711-0087592) BLUE O&M CO., LTD.(120111-0590283) |
|
Corporate Ownership |
POSCO(174611-0000741) |
|
Major Shareholders |
POSCO(174611-0000741) |
|
Cooperative Enterprise |
-Insured Company LOTTE NON-LIFE INSURANCE CO., LTD.(110111-0014459) |
|
Sales/ Unit : KRW |
09/2010 |
2009 |
2008 |
|
Export |
462,197,708,968 |
1,100,979,209,814 |
685,373,838,121 |
|
Domestic |
4,244,717,282,427 |
5,486,108,510,491 |
3,561,010,382,573 |
|
Others |
30,291,232,245 |
88,622,807,069 |
270,918,964,835 |
|
Total |
4,737,206,223,640 |
6,675,710,527,374 |
4,517,303,185,529 |
The Subject deals with the companies in
China, Vietnam, Middle East, South America, US and Africa.
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
|
The Subject Company |
Kunkuk University, Korea |
Receivables of Construction of Star City |
48,983,135,527 |
2nd round is proceeding. |
|
|
|
The Subject Company & Dongbu Construction Co., Ltd. |
SH Corporation |
Receivables of Additional Cconstruction |
1,901,823,974 |
1st round is proceeding. |
|
|
|
Kunkuk University, Korea |
The Subject Company |
Claim for Construction Profits |
20,000,000,000 |
2nd round is proceeding. |
|
|
|
The Subject Company & Othes(11) |
Korona Development Co., ltd. |
Claim for Receivables |
1,178,218,997 |
1st round is proceeding. |
As of 06/30/2010, there are 14 cases filed as
Plaintiff(s)/
Creditor(s)/ Applicant(s) amounting 52,700,000,000 KRW and 48 cases filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting
65,000,000,000 KRW including the above cases.
Not Available
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
|
1 |
Rs.87.78 |
|
Euro |
1 |
Rs.71.29 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.