MIRA
INFORM REPORT
|
Report Date : |
30.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
UNICORN STEEL CO., LTD. |
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|
|
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Registered Office : |
1221-3, Dogok-ri, Poseung-eup, Pyeongtaek-si, Gyeonggi-do, Korea 451-822 |
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|
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Country : |
South Korea |
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|
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Financials (as on) : |
30.09.2011 |
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|
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Date of Incorporation : |
22.04.2003 |
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|
|
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Com. Reg. No.: |
123-81-87880 |
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|
|
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Legal Form : |
Co., Ltd by shares |
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|
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Line of Business : |
Wholesale of Basic Metals |
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|
|
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No. of Employees : |
20 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 30, 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 |
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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
|
Company Name |
UNICORN STEEL CO., LTD. (Korean Company Name : (주)유니콘스틸) |
|
Registered Address |
1221-3, Dogok-ri, Poseung-eup,
Pyeongtaek-si, Gyeonggi-do, Korea |
|
Zip Code |
451-822 |
|
Tel |
+82-31-686-6940 |
|
Fax |
+82-31-686-6944 |
|
E-mail |
unicornsteel@naver.com |
|
Website |
www.unicornsteel.co.kr |
|
Trading Address |
1221-3, Dogok-ri, Poseung-eup,
Pyeongtaek-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-686-6940 |
|
Fax |
+82-31-686-6944 |
|
Type |
Export/Import |
|
Industry |
Wholesale of Basic Metals |
|
Main Business |
Steel Plate, Coil, HR Coil, HR Plate, Stainless |
|
Established (mm/dd/yyyy) |
04/22/2003 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Steel plate(30102204) |
CEOs
|
Name |
Shon Hyun-Koog |
|
Address |
Suite 211-803, 150, Munjeong-dong,
Songpa-gu, Seoul, Korea |
|
Date of Birth |
12/15/1965 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
300,000,000 |
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Employees |
20 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Korea Exchange Bank-Pyungchon Branch Industrial Bank of Korea Shinhan Bank Kookmin Bank Busan Bank |
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Corporate Registered No. |
134111-0107090 |
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Business Registered No. |
123-81-87880 |
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Permit & Licenses |
Intl Trade No.: 30649800 |
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Shareholder Position |
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Company History |
04/22/2003 Incorporated as the present name 04/10/2008 Moved to Buldang-dong,
Seobuk-gu, Cheonan-si, Chungcheongnam-do, Korea from Rm.1716, Anyang Trade
Center, 1107, Bisan-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea 10/14/2009 Moved to the present HQ address
from 6th
Fl., Dusung Bealgen, 718, Buldang-dong, Seobuk-gu, Cheonan-si,
Chungcheongnam-do, Korea 2010 Decided to change the financial closing date to September 30 from
December 31 01/18/2011 Moved to the present HQ address from Rm.702, Dream Plaza.,
730, Buldang-dong, Seobuk-gu, Cheonan-si, Chungcheongnam-do, Korea |
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Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Shon Hyun-Koog |
Male |
Korean |
04/22/2003 |
|
Auditor |
M/S. |
Chae Myung-Jae |
Female |
Korean |
05/16/2010 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
117,616,470,230 |
32,606,391,552 |
-2,268,987,758 |
|
|
12/2010 |
76,119,722,349 |
38,163,966,322 |
-3,020,755,431 |
|
12/2009 |
89,673,342,944 |
30,979,509,665 |
2,289,265,333 |
|
12/2008 |
96,012,146,406 |
27,775,766,119 |
8,706,807,335 |
|
12/2007 |
62,146,896,038 |
11,505,555,057 |
2,045,078,128 |
|
12/2006 |
36,119,000,000 |
6,734,000,000 |
860,000,000 |
|
12/2005 |
31,129,230,000 |
- |
332,970,000 |
|
12/2004 |
21,925,340,000 |
- |
617,400,000 |
(*) Decided to change the financial closing
date to September 30 from December 31
Financial Description
|
Authorized Capital(KRW) |
400,000,000 |
|
Paid-Up Capital(KRW) |
300,000,000 |
|
Total Issued Shares |
60,000 |
Balance
Sheet
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
32,606,391,552 |
38,163,966,322 |
30,979,509,665 |
|
Current Assets |
25,277,503,050 |
32,364,158,436 |
21,728,201,814 |
|
-Quick Assets |
15,239,291,928 |
22,967,625,054 |
17,704,200,412 |
|
-Inventories |
10,038,211,122 |
9,396,533,382 |
4,024,001,402 |
|
Fixed Assets |
7,328,888,502 |
5,799,807,886 |
9,251,307,851 |
|
-Investment |
3,739,950,812 |
2,484,306,376 |
6,083,171,173 |
|
-Tangibles |
2,731,837,807 |
2,628,364,508 |
2,857,827,998 |
|
-Intangibles |
68,350,000 |
67,500,000 |
310,308,680 |
|
-Others |
788,749,883 |
619,637,002 |
|
|
Total Liabilities |
22,553,697,287 |
25,658,708,242 |
15,447,811,363 |
|
Current Liabilities |
17,133,014,358 |
18,412,941,272 |
10,217,811,363 |
|
Fixed Liabilities |
5,420,682,929 |
7,245,766,970 |
5,230,000,000 |
|
Capital Stock |
300,000,000 |
300,000,000 |
300,000,000 |
|
Capital Surplus |
|
|
|
|
Profit Surplus |
9,917,936,926 |
12,186,924,684 |
15,207,680,115 |
|
Capital Adjustment |
-165,242,661 |
18,333,396 |
24,018,187 |
|
Total Equity |
10,052,694,265 |
12,505,258,080 |
15,531,698,302 |
|
Liab. &
Shareholders Equity |
32,606,391,552 |
38,163,966,322 |
30,979,509,665 |
|
Current
Liabilities |
17,133,014,358 |
18,412,941,272 |
10,217,811,363 |
|
Trade Payables |
5,798,880,771 |
2,428,502,679 |
1,538,319,371 |
|
Short-Term Borrowings |
- |
- |
8,335,000,000 |
|
Account Payables |
438,402,715 |
188,091,435 |
313,594,062 |
|
Withholdings |
25,315,260 |
59,604,127 |
24,748,338 |
|
Advance Receipts |
152,492,773 |
1,245,472 |
1,234,465 |
|
Accrued Expenses |
127,744,637 |
58,735,288 |
4,326,778 |
|
Short-Term
Borrowings |
8,575,000,000 |
15,670,407,592 |
- |
|
Accrued
Income Tax |
- |
6,354,679 |
588,349 |
|
Derivatives |
15,178,202 |
- |
- |
|
Current
Portion of Long-Term Debentures |
2,000,000,000 |
- |
- |
|
Fixed
Liabilities |
5,420,682,929 |
7,245,766,970 |
5,230,000,000 |
|
Leasehold Deposit Received |
2,190,682,929 |
1,925,766,970 |
- |
|
Debentures |
3,000,000,000 |
5,000,000,000 |
5,000,000,000 |
|
Guarantee Deposit Withhold |
230,000,000 |
320,000,000 |
230,000,000 |
Income
Statement
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
117,616,470,230 |
76,119,722,349 |
89,673,342,944 |
|
Cost of Sold Goods |
114,198,310,145 |
70,284,439,961 |
83,387,068,513 |
|
Gross Profit |
3,418,160,085 |
5,835,282,388 |
6,286,274,431 |
|
Selling & Admin. Expenses |
3,706,502,513 |
3,705,930,133 |
3,266,349,839 |
|
Operating Income |
-288,342,428 |
2,129,352,255 |
3,019,924,592 |
|
Non-Operating Income |
1,995,733,757 |
610,900,347 |
984,432,828 |
|
Non-Operating Expenses |
3,976,379,087 |
5,691,106,555 |
1,708,983,241 |
|
Income Before Taxes |
-2,268,987,758 |
-2,950,853,953 |
2,295,374,179 |
|
Income Taxes Expenses |
- |
69,901,478 |
6,108,846 |
|
Net Income |
-2,268,987,758 |
-3,020,755,431 |
2,289,265,333 |
Cash
Flows
|
Unit :
Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Cash Flows
from Operating |
14,081,890,970 |
-8,053,032,865 |
-2,552,118,671 |
|
-Net Income |
-2,268,987,758 |
-3,020,755,431 |
2,289,265,333 |
|
-Exp.
without Cash Outflow |
2,952,937,352 |
6,353,577,935 |
981,033,840 |
|
-Revenue
without Cash Inflows |
-492,622,466 |
-199,690,224 |
-371,433,205 |
|
-Changes in
Asset/ & Liability |
13,890,563,842 |
-11,186,165,145 |
-5,450,984,639 |
|
Cash Flows
from Investing |
-6,322,927,260 |
445,789,984 |
-4,268,443,718 |
|
-Cash Inflow
from Investing |
1,293,000,000 |
1,601,950,951 |
4,823,782,372 |
|
-Cash
Outflows for Investing |
-7,615,927,260 |
-1,156,160,967 |
-9,092,226,090 |
|
Cash Flows
from Financing |
-7,185,407,592 |
7,422,327,531 |
4,461,639,461 |
|
-Cash
Inflows from Financing |
27,039,400,954 |
7,422,327,531 |
44,702,095,832 |
|
-Cash
Outflows from Financing |
-34,224,808,546 |
- |
-40,240,456,371 |
|
Increase/Decrease
in Cash |
573,556,118 |
-184,915,350 |
-2,358,922,928 |
|
Cash at the
Beginning of Year |
8,257,224 |
193,172,574 |
2,552,095,502 |
|
Cash at the
End of Year |
581,813,342 |
8,257,224 |
193,172,574 |
Products, Technologies, Services Description
|
Main Products & Services |
Steel Plate, Coil, HR Coil, HR Plate, Stainless |
Trade Partners & Competitors
|
Suppliers |
HYUNDAI BNG STEEL CO., LTD.(110111-0065395) |
|
Competitors |
SUNGDONG STEEL CO., LTD. 1620, DADAE-DONG, SAHA-GU, BUSAN, KOREA TEL:+82-51-924-7900 FAX:+82-51-924-7902 SEDAE STEEL CO., LTD. 3BA-1005, SIHWA INDUSTRIAL COMPLEX, 2206-5,
JEONGWANG 1-DONG, SIHEUNG-SI, GYEONGGI-DO, KOREA TEL:+82-2-2026-8384 FAX:+82-2-2026-8388 SEOKYONG ENTERPRISE LTD. 1-601, ACE HIGHTECH CITY, 55-20, MULLAEDONG
3-GA, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-784-8466 FAX:+82-2-784-8468 |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
UNICORN ST CO., LTD.(134111-0162276) (98.33% held by the subject company) UNICORN SSC CO., LTD.(110111-2971243) |
|
Subsidiary |
UNICORN S&C CO., LTD.(171211-0051290) (90.0% held by the subject company) |
Sales by Region
(Activity &
Markets)
Not Available.
Court Action
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
Supreme Court, Korea |
Korea Made Ltd.(201114-0002987) |
The Subject Company |
|
308 |
The Subject has won at 2nd round, and 3rd round
is proceeding |
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.64 |
|
|
1 |
Rs.77.79 |
|
Euro |
1 |
Rs.65.05 |
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 SCs 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.