MIRA
INFORM REPORT
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Report Date : |
07.02.2012 |
IDENTIFICATION DETAILS
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Name : |
POHANG METAL CO., LTD. |
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Registered Office : |
651-9, Eomgung-dong, Sasang-gu, Busan, Korea
617-030 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
27.07.1991 |
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Com. Reg. No.: |
606-81-42001 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesale of Basic Metals |
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No. of Employees : |
10 |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 Information
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Company
Name |
POHANG METAL CO., LTD. (Korean Company Name : “포항금속(주)”) |
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Registered Address |
651-9, Eomgung-dong, Sasang-gu, Busan,
Korea |
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Zip Code |
617-030 |
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Tel |
+82-51-313-3321 |
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Fax |
+82-51-323-4568 |
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E-mail |
pomeco@pomeco.co.kr |
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Website |
www.pomeco.co.kr |
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Trading Address |
651-9, Eomgung-dong, Sasang-gu, Busan,
Korea |
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Tel |
+82-51-313-3321 |
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Fax |
+82-51-323-4568 |
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Type |
Export |
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Industry |
Wholesale of Basic Metals |
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Main Business |
Stainless Steel Coil, Stainless Steel Sheet, Stainless Steel Plate,
Stainless Steel Pipe, Stainless Steel Bar |
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Established (mm/dd/yyyy) |
07/27/1991 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Stainless steel bars(30101605) |
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Sell |
Stainless steel angles(30101505) |
CEO’s
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Name |
Hong Sung-Hak |
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Address |
Suite D-4103, 537-9, Bujeon-dong,
Busanjin-gu, Busan, Korea |
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Date of Birth |
05/14/1973 |
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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) |
200,000,000 |
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Employees |
10 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Busan Bank-Sasang Dong Branch SC First Bank of Korea |
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Corporate Registered No. |
180111-0116904 |
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Business Registered No. |
606-81-42001 |
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Permit & Licenses |
Int’l Trade No.: 12004708 |
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Shareholder Position |
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Company History |
07/27/1991 Incorporated as the present name 01/11/2010 Moved to the present HQ address
from 153-9, Gamjeon-dong, Sasang-gu, Busan, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Hong Sung-Hak |
Male |
Korean |
06/01/2002 |
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Director |
Mr. |
Hong Chung-Pyo |
Male |
Korean |
03/25/1998 |
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Director |
M/S. |
Hong Jung-Hee |
Female |
Korean |
10/09/2009 |
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Auditor |
M/S. |
Moon Tae-Joo |
Female |
Korean |
03/12/2004 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
11,904,000,000 |
7,371,000,000 |
21,000,000 |
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2008 |
13,460,000,000 |
6,924,000,000 |
-535,000,000 |
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) |
300,000,000 |
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Paid-Up Capital(KRW) |
200,000,000 |
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Total Issued Shares |
20,000 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Total Assets |
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7,371,000,000 |
6,924,000,000 |
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Current Assets |
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3,950,000,000 |
3,544,000,000 |
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-Quick Assets |
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2,735,000,000 |
2,441,000,000 |
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-Inventories |
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1,215,000,000 |
1,103,000,000 |
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Fixed Assets |
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3,421,000,000 |
3,380,000,000 |
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-Investment |
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2,546,000,000 |
2,525,000,000 |
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-Tangibles |
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- |
- |
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-Intangibles |
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- |
- |
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Total Liabilities |
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6,174,000,000 |
5,761,000,000 |
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Current Liabilities |
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6,176,000,000 |
5,764,000,000 |
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Fixed Liabilities |
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-3,000,000 |
-3,000,000 |
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Capital Stock |
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200,000,000 |
200,000,000 |
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Capital Surplus |
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- |
- |
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Profit Surplus |
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998,000,000 |
963,000,000 |
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Capital Adjustment |
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- |
- |
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Total Equity |
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1,198,000,000 |
1,163,000,000 |
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Liab. & Shareholder’s Equity |
|
7,371,000,000 |
6,924,000,000 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Sales |
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11,904,000,000 |
13,460,000,000 |
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Cost of Sold Goods |
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11,126,000,000 |
12,800,000,000 |
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Gross Profit |
|
778,000,000 |
660,000,000 |
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Selling & Admin. Expenses |
|
614,000,000 |
656,000,000 |
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Operating Income |
|
164,000,000 |
3,000,000 |
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Non-Operating Income |
|
392,000,000 |
48,000,000 |
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Non-Operating Expenses |
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534,000,000 |
587,000,000 |
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Income Before Taxes |
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21,000,000 |
-535,000,000 |
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Income Taxes Expenses |
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Net Income |
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21,000,000 |
-535,000,000 |
Products, Technologies, Services Description
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Main Products & Services |
Stainless Steel Coil, Stainless Steel Sheet, Stainless Steel Plate,
Stainless Steel Pipe, Stainless Steel Bar |
Trade Partners & Competitors
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Customers |
POSCO(174611-0000741) |
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Competitors |
DAIYANG METAL CO., LTD. 7TH FL., SPA GALLERY BRIDGE BLDG., 1553-3,
SEOCHO 3-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-2156-5536 FAX:+82-2-2156-5560~3 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 |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
GYUNGBUK STEEL CO., LTD.(180111-0041375) |
Sales by Region
(Activity &
Markets)
Not Available.
Court Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.68 |
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|
1 |
Rs.76.75 |
|
Euro |
1 |
Rs.63.57 |
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 |
-- |
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.