MIRA INFORM REPORT
|
Report Date : |
21.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
POSCO |
|
|
|
|
Registered Office : |
1, Goedong-dong, Nam-gu, Pohang-si, Gyeongsangbuk-do, Korea, Zip Code 790-704 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
01.04.1968 |
|
|
|
|
Com. Reg. No.: |
506-81-00017 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Basic Iron and Steel |
|
|
|
|
No. of Employees
: |
17,451 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Exists |
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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
POSCO (Korean Company Name : “(주)포스코”) |
|
Registered Address |
1, Goedong-dong, Nam-gu, Pohang-si,
Gyeongsangbuk-do, Korea |
|
Zip Code |
790-704 |
|
Tel |
+82-54-220-0114 |
|
Fax |
+82-54-220-6000 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
POSCO Center, 892, Daechi 4-dong,
Gangnam-gu, Seoul, Korea |
|
Tel |
+82-2-3457-0114 |
|
Fax |
+82-2-3457-1999 |
|
Other Address-Gwangyang Works |
Gwangyang Iron & Steel Co., 700,
Geumho-dong, Gwangyang-si, Jeollanam-do, Korea |
|
Tel |
+82-61-790-0114 |
|
Fax |
+82-61-790-7000 |
|
Other Address-Pohang Steelworks |
5, Dongchon-dong, Nam-gu, Pohang-si, Gyeongsangbuk-do, Korea |
|
Tel |
+82-54-220-0114 |
|
Fax |
+82-54-220-6000 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Basic Iron and Steel |
|
Main
Business |
Hot Rolled Coil, Plate, Wire Rods, Cold Rolled Sheets, Electrical
Steel Sheets, Stainless Steel Products |
|
Established (mm/dd/yyyy) |
04/01/1968 |
The Subject owns
the premises of registered HQ address/Factory (11,379,000㎡).
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Steel plate(30102204) |
|
Sell |
Steel coil(30101904) |
|
Sell |
Steel(11101704) |
CEO’s
|
Name |
Chung Joon-Yang |
|
Date of Birth |
02/03/1948 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
482,403,125,000 |
||||||||||||||||||||||||
|
Employees |
17,451 |
||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange :
005490) as of 06/10/1988 Listed at New York Stock Exchange as of
10/14/1994 Listed as London Stock Exchange as of
10/17/1994 A Company of POSCO Group |
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|
Bank Details |
Woori Bank-Pohang Posco Branch |
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|
Corporate Registered No. |
174611-0000741 |
||||||||||||||||||||||||
|
Business Registered No. |
506-81-00017 |
||||||||||||||||||||||||
|
Permit & Licenses |
12/09/1993 ISO 9002 11/2008 ISO 14001 Int’l Trade No.: 820280 |
||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||
|
Company History |
06/1967 Pohang City chosen as first building
site of Pohang Iron and Steel Co., Ltd. (POSCO) 11/1967 Company’s Development Committee
established 03/1968 First general meeting established
logo and corporate bylaws 04/1968 Pohang Iron and Steel Co., Ltd.
officially incorporated 04/1970 Pohang Works, Phase 1 begun 12/1972 Headquarters moved to Pohang City 06/1973 Pohang Works No. 1 Blast Furnace
tapped for the first time 07/1973 Pohang Works, Phase 1 completed
(annual crude steel capacity: 1.03 million tons) 10/1973 Membership in World Steel
Association (formerly International Iron and Steel Institute) 05/1976 Pohang Works, Phase 2 completed
(annual crude steel capacity: 2.6 million tons) 12/1978 Pohang Works, Phase 3 completed
(annual crude steel capacity: 5.5 million tons) 02/1981 Pohang Works, Phase 4-1 completed
(annual crude steel capacity: 8.5 million tons) 11/1981 Gwangyang Bay selected as site for
second steelworks 05/1983 Pohang Works, Phase 4-2 completed
(annual crude steel capacity: 9.1 million tons) 03/1985 Gwangyang Works, Phase 1 begun 12/1986 Pohang University of Science and
Technology (POSTECH) established 03/1987 Research Institute of Industrial
Science and Technology (RIST) established 05/1987 Gwangyang Works, Phase 1 completed
(annual crude steel capacity: 11.8 million tons) 06/1988 POSCO stock listed on the Korea
Exchange (formerly Korea Stock Exchange) 07/1988 Gwangyang Works, Phase 2 completed
(annual crude steel capacity: 14.5 million tons) 03/1989 Pohang Works No. 1 Stainless Steel
Mill completed (annual stainless steel capacity: 0.32 million tons) 12/1990 Gwangyang Works, Phase 3 completed
(annual crude steel capacity: 17.5 million tons) 10/1992 POSCO’s quarter-century of
construction completed (Gwangyang Works, Phase 4 completed; annual crude
steel capacity: 20.8 million tons) 12/1993 ISO 9002 certification acquired 10/1994 POSCO stock listed on the New York
Stock Exchange 09/1995 POSCO Center in Seoul opened 10/1995 POSCO stock listed on the London
Stock Exchange 11/1995 Pohang Works COREX plant completed
(annual crude steel capacity: 600,000 tons) 08/1996 Pohang Works No. 2 Stainless Steel
Mill completed (annual stainless steel capacity: 0.84 million tons) 10/1996 Gwangyang Works No. 5 Blast Furnace
begun and No. 1 Mini Mill completed 03/1997 Introduction of outside director
and outside auditor systems 03/1999 Gwangyang Works No. 5 Blast Furnace
completed (annual crude steel capacity: 28 million tons) 04/2000 Gwangyang Works No. 5 Blast Furnace
initiated 10/2000 Privatization completed |
||||||||||||||||||||||||
|
Company History |
07/2001 Introduction of POSPIA, an
integrated digital information management system 03/2002 Corporate name is legally changed
to POSCO 03/2002 Pohang Works No. 3 Stainless Steel
Mill completed (annual stainless steel capacity: 1.66 million tons) 06/2003 New POSCO code of conduct announced 07/2003 The POSCO Museum in Pohang opened 11/2003 POSCO-China established 06/2005 POSCO-India signs MOU with
Government of Orissa for a mega steel plant 06/2006 Gwangyang Works No. 6 CGL completed
(annual automotive steel sheet capacity: 6.5 million tons) 03/2007 Global POSCO Way vision announced 05/2007 Pohang Works FINEX Plant completed
(annual crude steel capacity: 1.5 million tons) 04/2008 POSCO celebrated 40th anniversary 04/2008
Pohang Works accumulated cold-rolled steel production totals 50 million tons
since first operation 04/2008
Global R&D Center established at the Incheon Free Economic Zone 09/2008
Pohang Industrial Complex completed construction of the world’s largest fuel
cell plant for power generation 08/30/2010
Acquired DAEWOO INTERNATIONAL CORPORATION(110111-2137358) |
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Date of Birth |
|
Chairman & CEO |
Mr. |
Chung Joon-Yang |
Male |
Korean |
02/03/1948 |
|
President & CEO |
Mr. |
Choi Jong Tae |
Male |
Korean |
04/05/1950 |
|
Vice President |
Mr. |
Park Han-Yong |
Male |
Korean |
04/13/1951 |
|
Vice President |
Mr. |
Oh Chang-Kwan |
Male |
Korean |
11/11/1952 |
|
Vice President |
Mr. |
Kim Jin-Il |
Male |
Korean |
02/01/1953 |
|
Outside Director |
Mr. |
Park Sang-Yong |
Male |
Korean |
02/21/1951 |
|
Outside Director |
Mr. |
Yoo Jang-Hee |
Male |
Korean |
07/04/1945 |
|
Outside Director |
Mr. |
Han Joon-Ho |
Male |
Korean |
08/26/1947 |
|
Outside Director |
Mr. |
Lee Young-Sun |
Male |
Korean |
06/26/1950 |
|
Outside Director |
Mr. |
Nam Yong |
Male |
Korean |
03/16/1948 |
|
Outside Director |
Mr. |
Park Sang-Kil |
Male |
Korean |
11/10/1953 |
|
Outside Director |
Mr. |
Byun Dae-Kyu |
Male |
Korean |
03/08/1960 |
|
Auditor |
Mr. |
Lee Chang-Hee |
Male |
Korean |
02/03/1948 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
29,105,542,173,173 |
52,350,909,033,212 |
2,421,657,149,223 |
|
|
2010 |
32,582,036,641,395 |
48,190,245,080,941 |
4,202,790,885,570 |
|
2009 |
26,953,944,910,907 |
39,992,764,984,726 |
3,172,263,501,288 |
|
2008 |
30,642,409,498,898 |
37,033,453,847,248 |
4,446,933,280,159 |
|
2007 |
22,206,684,973,468 |
30,492,797,703,851 |
3,679,431,381,143 |
|
2006 |
20,043,409,117,885 |
26,362,872,843,329 |
3,206,604,724,519 |
|
2005 |
21,695,043,976,451 |
24,206,949,907,109 |
4,012,932,261,385 |
|
2004 |
19,792,477,952,160 |
21,367,060,180,023 |
3,826,015,648,458 |
|
2003 |
14,359,329,407,460 |
18,406,599,888,114 |
1,980,572,153,105 |
(*)09/2011 ‘s figures are based on the K-IFRS Accounting System.
Financial Description
|
Authorized Capital(KRW) |
1,000,000,000,000 |
|
Paid-Up Capital(KRW) |
482,403,125,000 |
|
Total Issues Shares |
87,186,835 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
52,350,909,033,212 |
49,086,226,794,345 |
41,854,678,756,249 |
|
Current
Assets |
13,923,246,942,835 |
12,993,604,969,594 |
12,899,862,250,396 |
|
Cash & Cash Equivalents |
1,219,753,024,618 |
672,426,447,391 |
626,782,471,726 |
|
Trade Receivables |
4,143,875,587,931 |
3,548,448,396,521 |
2,951,782,701,725 |
|
Other Finance Assets |
1,173,783,956,183 |
2,754,318,979,377 |
6,304,563,010,642 |
|
Inventories |
7,305,877,103,546 |
5,998,545,157,048 |
2,996,325,313,183 |
|
Other Current Assets |
79,957,270,557 |
19,865,989,257 |
20,408,753,120 |
|
Non-Current
Assets |
38,427,662,090,377 |
36,092,621,824,751 |
28,954,816,505,853 |
|
Long-Term
Trade Receivables & Other Receivables |
23,682,181 |
23,682,181 |
1,306,463,907 |
|
Non-Current
Financial Instruments |
4,277,538,394,647 |
5,015,783,306,637 |
4,438,130,064,431 |
|
Investment_Related
Companies |
12,392,337,975,347 |
10,470,156,063,456 |
5,787,830,869,065 |
|
Investment_Real
Estates |
118,183,344,995 |
92,272,707,307 |
104,362,066,930 |
|
Tangibles |
21,050,581,617,265 |
20,011,110,152,890 |
18,412,867,903,199 |
|
Intangibles |
234,062,191,053 |
229,136,849,242 |
201,613,869,307 |
|
Other
Non-Current Assets |
354,934,884,889 |
274,139,063,038 |
8,705,269,014 |
|
Total Liabilities |
15,286,315,287,501 |
13,062,731,290,727 |
9,197,432,567,320 |
|
Current Liabilities |
6,298,511,860,636 |
6,051,454,144,518 |
2,954,337,210,533 |
|
Trade
Payables |
1,488,538,967,206 |
1,310,876,709,579 |
739,746,242,142 |
|
Short-Term
Borrowings |
3,675,525,599,859 |
3,116,364,017,416 |
699,849,302,261 |
|
Other
Current Financial Debts |
889,793,677,027 |
958,081,137,078 |
1,157,314,384,218 |
|
Accrued
Income Tax |
140,494,599,404 |
594,539,015,580 |
290,637,890,605 |
|
Provisions |
34,086,287,010 |
9,581,910,619 |
5,154,024,000 |
|
Other
Current Liabilities |
70,072,730,130 |
62,011,354,246 |
61,635,367,307 |
|
Non-Current Liabilities |
8,987,803,426,865 |
7,011,277,146,209 |
6,243,095,356,787 |
|
Long-Term
Borrowings |
8,320,119,158,460 |
6,296,632,751,664 |
5,681,243,345,965 |
|
Other
Non-Current Financial Debts |
156,859,388,489 |
52,165,510,831 |
100,757,425,563 |
|
Confirmed
Salaries |
192,494,000,949 |
324,003,002,943 |
216,823,409,555 |
|
Deferred
Income Tax Credit |
314,702,702,592 |
334,198,919,880 |
237,995,296,789 |
|
Other
Non-Current Debts |
3,628,176,375 |
4,276,960,891 |
6,275,878,915 |
|
Capital Stock |
482,403,125,000 |
482,403,125,000 |
482,403,125,000 |
|
Capital
Surplus |
1,227,692,347,620 |
1,158,539,247,455 |
1,158,539,247,455 |
|
Others |
334,554,674,112 |
1,011,556,882,540 |
634,571,101,779 |
|
Treasury Stock |
-2,391,406,055,168 |
-2,403,262,926,338 |
-2,403,262,926,338 |
|
Profit
Surplus |
37,411,349,654,147 |
35,774,259,174,961 |
32,784,995,641,033 |
|
Total
Equity |
37,064,593,745,711 |
36,023,495,503,618 |
32,657,246,188,929 |
|
Liab.
& Shareholder’s Equity |
52,350,909,033,212 |
49,086,226,794,345 |
41,854,678,756,249 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
48,190,245,080,941 |
39,992,764,984,726 |
37,033,453,847,248 |
|
Current Assets |
13,008,707,415,491 |
12,918,063,757,479 |
13,693,224,465,718 |
|
-Quick Assets |
7,019,949,308,105 |
9,921,738,444,296 |
7,277,623,280,859 |
|
-Inventories |
5,988,758,107,386 |
2,996,325,313,183 |
6,415,601,184,859 |
|
Fixed Assets |
35,181,537,665,450 |
27,074,701,227,247 |
23,340,229,381,530 |
|
-Investment |
16,125,045,638,930 |
10,212,391,248,273 |
8,632,611,714,262 |
|
-Tangibles |
18,547,857,356,892 |
16,645,593,557,554 |
14,465,918,387,160 |
|
-Intangibles |
172,642,996,725 |
151,828,809,816 |
170,095,192,675 |
|
-Others |
335,991,672,903 |
64,887,611,604 |
71,604,087,433 |
|
Total Liabilities |
13,108,055,187,870 |
9,041,474,374,952 |
9,249,796,617,894 |
|
Current Liabilities |
5,823,593,944,750 |
2,685,842,052,056 |
4,283,198,425,295 |
|
Fixed Liabilities |
7,284,461,243,120 |
6,355,632,322,896 |
4,966,598,192,599 |
|
Capital Stock |
482,403,125,000 |
482,403,125,000 |
482,403,125,000 |
|
Capital Surplus |
4,421,191,424,970 |
4,404,068,991,532 |
4,291,354,808,159 |
|
Profit Surplus |
31,452,752,418,597 |
27,943,257,435,027 |
25,460,123,177,739 |
|
Capital Adjustment |
(-)1,274,157,075,496 |
(-)1,878,438,941,785 |
(-)2,450,223,881,544 |
|
Total Equity |
35,082,189,893,071 |
30,951,290,609,774 |
27,783,657,229,354 |
|
Liab. & Shareholder’s Equity |
48,190,245,080,941 |
39,992,764,984,726 |
37,033,453,847,248 |
|
Current
Liabilities |
5,823,593,944,750 |
2,685,842,052,056 |
4,283,198,425,295 |
|
Trade
Payables |
1,310,876,709,579 |
739,746,242,142 |
1,108,856,367,657 |
|
Short-Term
Borrowings |
1,119,071,147,906 |
430,909,766,452 |
340,827,025,306 |
|
Accrued
Income Tax |
594,539,015,580 |
290,637,890,605 |
1,628,261,521,988 |
|
Accrued
Dividends |
5,568,569,868 |
5,143,234,608 |
4,679,250,693 |
|
Current
Portion of Long-Term Debts |
1,779,669,178,815 |
1,065,427,475 |
203,641,369,186 |
|
Account
Payables |
728,574,814,719 |
987,976,723,090 |
690,002,546,715 |
|
Advance
Receipts |
33,241,730,249 |
25,614,656,645 |
25,162,305,199 |
|
Withholdings |
30,792,347,916 |
51,074,648,890 |
40,041,852,754 |
|
Accrued
Expenses |
209,490,164,710 |
145,484,272,913 |
139,494,080,583 |
|
Unearned
Income |
4,181,850,484 |
2,011,897,775 |
2,472,151,789 |
|
Deferred
Income Tax Credit |
- |
- |
90,307,167,121 |
|
Other
Current Debts |
10,829,940,576 |
6,177,291,461 |
9,452,786,304 |
|
Fixed
Liabilities |
7,284,461,243,120 |
6,355,632,322,896 |
4,966,598,192,599 |
|
Debentures |
5,872,258,386,000 |
5,649,689,819,000 |
4,585,822,225,500 |
|
Long-Term
Borrowings |
467,802,938,027 |
81,096,791,567 |
52,231,108,923 |
|
Borrowings from Foreign Countries |
4,073,918,365 |
5,571,822,851 |
7,041,365,108 |
|
Provision
for Severance & Retirement |
981,184,616,332 |
784,356,836,965 |
851,391,232,075 |
|
Deferred
Income Tax Credit |
648,183,356,948 |
400,276,620,705 |
36,532,887,184 |
|
Other
Non-Current Debts |
47,197,260,940 |
88,659,694,828 |
85,014,826,022 |
Income
Statement
|
|||
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
29,105,542,173,173 |
|
|
|
Cost of Sold Goods |
-24,241,008,116,595 |
|
|
|
Gross Profit |
4,864,534,056,578 |
|
|
|
Selling & Admin. Expenses |
-1,305,583,623,833 |
|
|
|
Other Operating Income |
-55,324,811,109 |
|
|
|
Other Operating Income |
31,407,563,743 |
|
|
|
Other Operating Expenses |
-86,732,374,852 |
|
|
|
Operating Income |
3,503,625,621,636 |
|
|
|
Finance Income |
772,537,976,869 |
|
|
|
Finance Expenses |
-1,203,788,572,090 |
|
|
|
Income Before Taxes |
3,072,375,026,415 |
|
|
|
Income Taxes Expenses |
-650,717,877,192 |
|
|
|
Net Income |
2,421,657,149,223 |
|
|
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
32,582,036,641,395 |
26,953,944,910,907 |
30,642,409,498,898 |
|
Cost of Sold Goods |
26,018,331,413,160 |
22,574,304,259,444 |
22,706,984,231,377 |
|
Gross Profit |
6,563,705,228,235 |
4,379,640,651,463 |
7,935,425,267,521 |
|
Selling & Admin. Expenses |
1,516,659,156,782 |
1,231,642,350,021 |
1,395,365,978,020 |
|
Operating Income |
5,047,046,071,453 |
3,147,998,301,442 |
6,540,059,289,501 |
|
Non-Operating Income |
1,580,725,324,972 |
2,066,256,886,786 |
1,879,567,617,942 |
|
Non-Operating Expenses |
1,477,659,423,026 |
1,631,730,935,610 |
2,590,096,317,721 |
|
Income Before Taxes |
5,150,111,973,399 |
3,582,524,252,618 |
5,829,530,589,722 |
|
Income Taxes Expenses |
947,321,087,829 |
410,260,751,330 |
1,382,597,309,563 |
|
Net Income |
4,202,790,885,570 |
3,172,263,501,288 |
4,446,933,280,159 |
Cash
Flows
|
|||
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating Activities Cash Flows |
2,058,102,023,236 |
|
|
|
Cash
Flows from Operating |
2,937,195,414,857 |
|
|
|
Net
Income |
2,421,657,149,223 |
|
|
|
Adjustment |
2,571,779,444,155 |
|
|
|
Changes
in Asset/ & Liability |
-2,056,241,178,521 |
|
|
|
Interests
Received |
97,273,485,287 |
|
|
|
Interests
Paid |
-275,107,525,682 |
|
|
|
Dividends
Received |
233,920,811,156 |
|
|
|
Income
Taxes |
-935,180,162,382 |
|
|
|
Cash
Flows from Investing |
-2,850,557,387,937 |
|
|
|
Cash
Flows from Financing |
1,339,790,341,928 |
|
|
|
Increase/Decrease
in Cash |
547,334,977,227 |
|
|
|
Cash at the Beginning of Year |
672,426,447,391 |
|
|
|
Cash at the End of Year |
1,219,753,024,618 |
|
|
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
3,605,327,196,243 |
7,143,457,421,547 |
3,613,427,008,847 |
|
-Net Income |
4,202,790,885,570 |
3,172,263,501,288 |
4,446,933,280,159 |
|
-Exp.
without Cash Outflow |
3,219,493,878,183 |
2,619,219,833,567 |
3,514,756,018,986 |
|
-Revenue
without Cash Inflows |
(-)787,141,379,363 |
(-)1,108,525,810,144 |
(-)667,844,317,608 |
|
-Changes in
Asset/ & Liability |
(-)3,029,816,188,147 |
2,460,499,896,836 |
(-)3,680,417,972,690 |
|
Cash Flows
from Investing |
(-)5,760,614,883,959 |
(-)8,376,230,241,260 |
(-)4,668,699,880,600 |
|
-Cash Inflow
from Investing |
18,304,738,422,358 |
9,923,106,288,554 |
11,870,282,948,522 |
|
-Cash
Outflows for Investing |
(-)24,065,353,306,317 |
(-)18,299,336,529,814 |
(-)16,538,982,829,122 |
|
Cash Flows
from Financing |
2,200,931,663,381 |
917,868,133,988 |
1,305,926,254,679 |
|
-Cash
Inflows from Financing |
4,917,799,099,141 |
4,009,620,748,147 |
3,103,724,002,964 |
|
-Cash
Outflows from Financing |
(-)2,716,867,435,760 |
(-)3,091,752,614,159 |
(-)1,797,797,748,285 |
|
Increase/Decrease
in Cash |
45,643,975,665 |
(-)314,904,685,725 |
250,653,382,926 |
|
Cash at the
Beginning of Year |
626,782,471,726 |
941,687,157,451 |
691,033,774,525 |
|
Cash at the End of Year |
672,426,447,391 |
626,782,471,726 |
941,687,157,451 |
Products, Technologies, Services Description
|
Main Products & Services |
Electrical Steel Sheets Electrical Component Materials, Electronic Component Materials Requiring advanced production technology, steel for use in the electric and electronics industries represents another value-added POSCO product category. Beginning with an annual capacity of 20,000 tons in 1980, we have continued to expand our electrical steel production facilities at the Pohang Works to reach production of 540,000 tons annually today. Of this total, 40,000 tons is grain-oriented electrical sheet used for power generators and transformers, while the remaining 500,000 tons is non-oriented electrical sheet for electric motors. Hot Rolled Steel Coil Structures and Building and Construction and Manufacturing Components and Supplies Structural materials and basic shapes Coil Stainless Steel Mineral and Textile and Inedible Plant and Animal Materials Minerals and ores and metals Base Metals Cold Rolled Steel Sheets Structures and Building and Construction and Manufacturing Components and Supplies Structural materials and basic shapes Plate Brand Name : POSCO |
||||||||||||||||
|
Detailed Products Spec. |
|
Trade Partners & Competitors
|
Suppliers |
BHPB(AUSTRALIA) CVRD(BRAZIL) BMA(AUSTRALIA) RIO TINTO(AUSTRALIA) EVCC(CANADA) MACARTHUR COAL(AUSTRALIA) NAMISA (BRAZIL) TANGGUH LNG(INDONESIA) |
|
Customers |
HYUNDAI HEAVY INDUSTRIES CO., LTD.(181211-0000386) HYUNDAI HYSCO(110111-0302416) HYUNDAI MOTOR CO(110111-0085450) KIA MOTORS CORPORATION(110111-0037998) DAEWOO SHIPBUILDING & MARINE ENGINEERING CO., LTD.(110111-2095837) POSTEEL(110111-0344591) |
|
Competitors |
DONGBU STEEL CO., LTD. 18TH FL., DONGBU FINANCIAL CENTER, 891-10,
DAECHI 4-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-3450-8114 FAX:+82-2-3450-8500 HYUNDAI STEEL COMPANY HYUNDAI STEEL, 1, SONGHYEON 3-DONG,
DONG-GU, INCHEON, KOREA TEL:+82-32-760-2114 FAX:+82-32-760-2813 CHINA STEEL CORPORATION 1 CHUNG-KANG ROAD HSIAO KANG DISTRICT
KAOHSIUNG, TAIWAN TEL:+1-212-6571853 FAX:+1-212-8255398 UNITED STATES STEEL CORPORATION 600 GRANT STREET PITTSBURGH, PA 15219
UNITED STATES - MAP TEL:+1-412-4331121 FAX:+1-412-4334818 ARCELORMITTAL 19, AVENUE DE LA LIBERTE GRAND DUCHY OF
LUXEMBOURG, 2930 LUXEMBOURG TEL:+35247922414 FAX:+35247922675 (*)The subject is ranked as the 1st
player with over 60% domestic market share. |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
POSCO(174611-0000741) POSCO COATED
& COLOR STEEL CO., LTD.(174611-0006492) POSCO
REFRACTORIES & ENVIRONMENT CO., LTD.(174611-0001947) POS-A.C.
CO., LTD.(174611-0003448) POSCO
ENGINEERING & CONSTRUCTION CO., LTD.(174611-0002979) POSCO
RESEARCH INSTITUTE(110111-1042350) POSCO
SPECIALTY STEEL CO., LTD. (194211-0025248) POSCO
MACHINERY CO., LTD.(206411-0010175) POSMEC(POSCO
MACHINERY & ENGINEERING CO., LTD.(174611-0012176) POSCO POWER
CORPORATION(110111-1829576) PHP CO.,
LTD.(120111-0421545) POSBRO(110111-3528986) SUWON GREEN
ENVIRONMENT CORPORATION(134811-0133794) POSCORE CO.,
LTD.(134811-0003343) RIZTECH BIZ
CO., LTD.(171711-0076115) POSWITH CO.,
LTD.(171711-0075927) UITRANS CO.,
LTD.(110111-3792309) BASYS
INDUSTRY CO. LTD.(110111-0954647) METAPOLIS
CO., LTD.(134811-0094475) CHEONGNA IBT
CO., LTD.(120111-0454520) POHANG FEUL
CELL CO., LTD.(171711-0076256) MEGA ASSET
CO., LTD.(161511-0097480) DAEWOO
ENGINEERING COMPANY CO., LTD.(110111-0203268) MEDICAL
MATERIALS CO.,LTD.(171711-0082766) DAEWOO INTERNATIONAL
CORPORATION(110111-2137358) |
|
Affiliates-Domestic |
POSCO ENGINEERING & CONSTRUCTION CO.,
LTD.(174611-0002979) (89.53% held by the subject company) POSDATA CO., LTD.(110111-0658637) (61.85% held by the subject company) SAMJUNG PACKING AND ALUMINUM CO.,
LTD.(174611-0000866) (9.0% held by the subject company) POSCON(174611-0002242) (88.04% held by the subject company) POSCO TERMINAL CO., LTD.(204611-0017575) (51.0% held by the subject company) POSTEEL(110111-0344591) (95.31% held by the subject company) POSTECH VENTURE CAPITAL COOPERATION(174611-0029080) (95.0% held by the subject company) POSMATE CO., LTD.(110111-0739841) (30.0% held by the subject company) SNNC CO., LTD.(204611-0023415) (49.0% held by the subject company) P&R CO., LTD.(171711-0076545) (70.0% held by the subject company) SEOUNG GWANG CO., LTD.(120111-0222844) (69.38% held by the subject company) ENTOB CORPORATION(110111-2059362) (17.5% held by the subject company) POSFINE (70.0% held by the subject company) POSCOAST CO., LTD.(131411-0191529) DAIMYUNG TMS CO., LTD.(110111-0803141) PURE GIMPO.CO., LTD.(110111-4290394) |
|
Affiliates-Overseas |
POSCO SOUTH EAST ASIA PTE. LTD. (50.0% held by POSTEEL(110111-0344591)) POSCO SPECIALTY STEEL CO., LTD.
(194211-0025248) (100.00% held by the subject company) POSCON(174611-0002242) (88.04% held by the subject company) POSMEC(POSCO MACHINERY & ENGINEERING
CO., LTD.)(174611-0012176) (100.00% held by the subject company) POSCO MACHINERY CO., LTD.(206411-0010175) (100.00% held by the subject company) POS-A.C.CO.,LTD.(174611-0003448) (100.00% held by the subject company) POSTEEL(110111-0344591) (95.31% held by the subject company) SEOUNG GWANG CO., LTD.(120111-0222844) (69.38% held by the subject company) POSCO RESEARCH INSTITUTE(110111-1042350) (100.00% held by the subject company) POSTECH VENTURE CAPITAL COOPERATION
(174611-0029080) (95.00% held by the subject company) POSCO TERMINAL CO., LTD.(204611-0017575) (51.00% held by the subject company) POSCO ENGINEERING & CONSTRUCTION CO.,
LTD.(174611-0002979) (89.53% held by the subject company) POSCO POWER CORPORATION(110111-1829576) (100.00% held by the subject company) POSWITH CO., LTD.(171711-0075927) (100.00% held by the subject company) PT.ISI (PT.INTERNATIONAL STEEL INDONESIA) (65.00% held by the subject company) PT. MRI (PT. MOTTA RESOURCES INDONESIA) (65.00% held by the subject company) POSCO CORE INDIA PVT. LTD.(As of 01/04/2010
Joined as an affiliated company) POSCO (YANTAI) AUTOMOTIVE PROCESSING CENTER
CO., LTD.(POSCO-CYPC : 90.00% held by the subject company)(As of 04/02/2010
Joined as an affiliated company) |
|
Overseas Office |
RIO DE JANEIRO TEL :+55-21-3431-3496 FAX :+55-21-3431-3497 MEXICO CITY TEL :+5255-5525-0845 FAX :+5255-5525-0815 DUBAI TEL :+9714-221-8280 FAX :+9714-221-8178 JAKARTA TEL :+62-21-3000-3809 FAX :+62-21-3000-3811 EUROPEAN UNION TEL :+49-211-435-3051 FAX :+49-211-435-3030 PRAGUE TEL :+420-246-088-360 FAX :+420-246-088-361 |
|
Joint Venture |
POSCO-NIPPON STEEL RHF JOINT VENTURE (70.00% held by the subject company) |
|
Subsidiary |
POSCO SPECIALTY STEEL CO., LTD.
(194211-0025248) (100.00% held by the subject company) POSCON(174611-0002242) (88.04% held by the subject company) POSMEC(POSCO MACHINERY & ENGINEERING CO.,
LTD.)(174611-0012176) (100.00% held by the subject company) POSCO MACHINERY CO., LTD.(206411-0010175) (100.00% held by the subject company) POS-A.C.CO.,LTD.(174611-0003448) (100.00% held by the subject company) POSTEEL(110111-0344591) (95.31% held by the subject company) SEOUNG GWANG CO., LTD.(120111-0222844) (69.38% held by the subject company) POSCO Research Institute(110111-1042350) (100.00% held by the subject company) POSTECH VENTURE CAPITAL COOPERATION
(174611-0029080) (95.00% held by the subject company) POSCO TERMINAL CO., LTD.(204611-0017575) (51.00% held by the subject company) POSCO ENGINEERING & CONSTRUCTION CO.,
LTD.(174611-0002979) (89.53% held by the subject company) POSCO POWER CORPORATION(110111-1829576) (100.00% held by the subject company) POSWITH CO., LTD.(171711-0075927) (100.00% held by the subject company) POSCO-TOPC CELIK SANAYI VE TICARET A.S. (100.00% held by the subject company) POSCO (LIAONING) AUTOMOTIVE PROCESSING
CENTER CO., LTD. (90.00% held by the subject company) |
|
Subsidiary-Overseas |
POSCO CHINA HOLDING CORP. TEL :+ 86-10-5166-6677 FAX
:+86-10-8440-0323 POSCO INDIA PVT. LTD. TEL :+ 91-674-230-3690 FAX
:+91-674-230-0058 ZHANGJIAGANG POHANG STAINLESS STEEL CO.,
LTD. TEL :+ 86-512-5856-9211 FAX
:+86-512-5855-3680 QINGDAO POHANG STAINLESS STEEL CO., LTD. TEL :+ 86-532-8683-7020 FAX
:+86-532-8683-7011 DALIAN POSCO STEEL CO., LTD. TEL :+ 86-411-8751-5003 FAX
:+86-411-8751-4710 POSCO (GUANGDONG) COATED STEEL CO., LTD. TEL :+ 86-757-2660-3002 FAX
:+86-757-2665-7760 POSCO VIETNAM CO., LTD. TEL :+ 84-64-923-014 FAX :+84-64-923-000 POSVINA CO., LTD. TEL :+ 84-8-731-3037 FAX :+84-8-731-3619 |
|
Subsidiary-Overseas |
VSC POSCO STEEL CORPORATION TEL :+ 84-31-374-9133 FAX :+84-31-385-0123 MYANMAR POSCO STEEL CO., LTD. TEL :+ 95-1-635-367 FAX :+95-1-635-418 POSCO MEXICO S.A. DE C.V. TEL :+ 52-833-274-1400 FAX
:+52-833-274-1405 POSCO CHINA SUZHOU AUTOMOTIVE PROCESSING
CENTER CO., LTD. TEL :+ 86-512-5760-5952 FAX :+86-512-5760-5950 POSCO THAILAND BANGKOK STEEL PROCESSING
CENTER CO., LTD. TEL :+ 66-2-256-6135 FAX :+66-2-256-6138 POSCO INDIA PUNE STEEL PROCESSING CENTER
CO. PVT. LTD. TEL :+ 91-2114-308-100 FAX
:+91-2114-308-146 POSCO INDIA DELHI AUTOMOTIVE PROCESSING
CENTER CO. PVT. LTD. TEL :+ 91-124-421-6600 FAX
:+91-124-421-6605 POSCO INDIA CHENNAI STEEL PROCESSING CENTRE
PVT. LTD. (100.0% held by the subject company) |
|
Subsidiary-Overseas |
POSCO AUSTRALIA PTY. LTD. TEL :+ 61-2-9258-9807 FAX :+61-2-9241-2001 POSCO CANADA LTD. TEL :+ 1-604-688-9174 FAX :+1-604-669-5805 COMPANHIA COREANO-BRASILEIRA DE PELOTIZAÇÃO
(KOBRASCO) TEL :+ 55-27-3333-4864 FAX
:+55-27-3333-4762 POSCO JAPAN CO., LTD. TEL :+ 81-3-3546-0924 FAX :+81-3-3546-1215 POSCO AMERICA CORPORATION TEL :+ 1-201-585-3065 FAX :+1-201-585-6001 POSCO ASIA COMPANY LTD. TEL :+ 852-2827-8787 FAX :+852-2535-8290 POSCO CHINA FOSHAN STEEL PROCESSING CENTER
CO., LTD. TEL :+ 86-757-2381-3998 FAX
:+86-757-8387-1384 |
|
Subsidiary-Overseas |
POSCO INVESTMENT CO., LTD. TEL :+ 852-2802-7188 FAX :+852-2845-7737 POSCO POLAND WROCLAW STEEL PROCESSING
CENTER CO., LTD. TEL :+ 48-71-733-7262 FAX :+48-71-733-7257 POSCO MEXICO HUMAN TECH S.A. DE C.V. POSCO CHINA CHONGQING AUTOMOTIVE PROCESSING
CENTER CO., LTD. TEL :+ 86-23-8903-6558 FAX
:+86-23-8903-6556 POSCO VIETNAM HOCHIMINH STEEL PROCESSING
CENTER CO., LTD. TEL :+ 84-8-520-2837 FAX :+84-8-823-7840 POSCO EUROPE STEEL DISTRIBUTION CENTER CO.,
LTD. TEL :+ 385-5-663-4161 POSCO CHINA WUHU AUTOMOTIVE PROCESSING
CENTER CO., LTD. TEL :+ 86-553-593-6577 POSCO MALAYSIA KUALA LUMPUR STEEL
PROCESSING CENTER SDN. BHD. TEL :+ 60-3-6092-5200 POSCO MALAYSIA SDN. BHD. TEL :+ 60-3-3101-2422 |
|
Cooperative Enterprise |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078) DONGBU INSURANCE CO., LTD.(110111-0095285) |
Sales by Region
(Activity & Markets)
|
Sales/ Unit :100
Mil KRW |
2010 |
2009 |
2008 |
|
Export |
81,369 |
94,496 |
98,590 |
|
Domestic |
152,885 |
175,305 |
208,400 |
|
Adjustment |
(-)191 |
(-)262 |
(-)566 |
|
Total |
234,063 |
269,539 |
306,424 |
The Subject exports
to China, Japan and South East Asia.
Court Action
There are 12 cases filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting
8,035,000,000 KRW.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.33 |
|
UK Pound |
1 |
Rs.77.97 |
|
Euro |
1 |
Rs.65.07 |
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.