|
Report Date : |
18.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
KISWEL CO., LTD. |
|
|
|
|
Registered Office : |
721-3, Hakjang-dong, Sasang-gu, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
10.09.1964 |
|
|
|
|
Com. Reg. No.: |
606-81-03615 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Manufacture of Other Fabricated and Processed Metal Products n.e.c |
|
|
|
|
No. of Employees : |
294 |
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 : |
Satisfactory |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company
Name |
KISWEL CO., LTD. (Korean Company Name : “고려용접봉(주)”) |
|
Registered Address |
721-3, Hakjang-dong, Sasang-gu, |
|
Building |
|
|
Zip Code |
617-843 |
|
Tel |
+82-51-317-3131~40 |
|
Fax |
+82-51-325-3627 |
|
E-mail |
master@kiswel.com |
|
Website |
www.kiswel.com |
|
Trading Address |
7FL., Heungkook Bldg., 43-1, Juja-dong,
Jung-gu, |
|
Tel |
+82-2-2270-9400 +82-2-2270-9468 |
|
Fax |
+82-2-2272-7233~4 +82-2-2275-2826 |
|
Other Address-Changwon Factory |
58-2, Seongju-dong, Changwon-si, |
|
Tel |
+82-55-269-7200 |
|
Fax |
+82-55-285-1655 |
|
Other Address-Busan Office |
667-1, Buam-dong, Busanjin-gu, |
|
Tel |
+82-51-806-3133 |
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Manufacture of Other Fabricated and Processed Metal Products n.e.c |
|
Main Business |
Welding Electrode, Flux Cored Wire |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
09/10/1964 |
The Subject owns the
premises of registered HQ address and Changwon Factory.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Welding rods(23171512) |
|
Sell |
Welding wire(23171510) |
|
Name |
Hong Min-Chul |
|
Address |
8Ho, 330-356, Seongbuk-dong,
Seongbuk-gu, |
|
Date of Birth |
06/11/1951 |
|
Title |
Co-President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
990,000,000 |
||||||||||||
|
Employees |
294 |
||||||||||||
|
Formation |
Co., Ltd by shares Foreign Direct Investment Corporation |
||||||||||||
|
Bank Details |
Woori Bank-Myung-Dong Branch |
||||||||||||
|
Corporate Registered No. |
180111-0011261 |
||||||||||||
|
Business Registered No. |
606-81-03615 |
||||||||||||
|
Permit & Licenses |
10/29/1998 KS Mark 09/1999 QS 9000 09/22/1999 ISO 14001 by UKAS 02/2005 ISO/TS 16949 Int’l Trade No.: 741455 |
||||||||||||
|
Shareholder Position |
|
||||||||||||
|
Company History |
09/10/1964 Incorporated as the present name 12/13/1970 Moved to the present HQ address
from 21, Sogong-dong, Jung-gu, 11/26/1996 Awarded US$50 Million Export Top
Prize 12/2008 Awarded US$100 Million Export Top
Prize |
||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Co-President & CEO |
Mr. |
Hong Min-Chul |
Male |
Korean |
03/23/2001 |
|
Co-President & CEO |
Mr. |
Lee Ki-Hong |
Male |
Korean |
09/25/2009 |
|
Director |
Mr. |
Ahn Joon |
Male |
Korean |
11/25/2008 |
|
Director |
Mr. |
Lee Young-Rang |
Male |
Korean |
03/24/2012 |
|
Auditor |
Mr. |
Choi Ho-Seok |
Male |
Korean |
03/24/2006 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
300,194,852,055 |
361,439,883,767 |
24,851,497,252 |
|
|
2010 |
232,608,544,974 |
325,256,195,932 |
35,610,480,538 |
|
2009 |
184,429,273,509 |
269,645,098,846 |
14,984,567,033 |
|
2008 |
240,267,484,538 |
260,596,073,245 |
29,403,304,006 |
|
2007 |
174,914,805,175 |
223,452,404,785 |
16,114,847,319 |
|
2006 |
162,174,931,673 |
199,120,057,270 |
12,149,157,022 |
|
2005 |
154,726,415,344 |
192,528,196,778 |
20,680,651,387 |
|
2004 |
143,137,784,279 |
169,976,489,352 |
11,874,881,749 |
|
Authorized Capital(KRW) |
1,500,000,000 |
|
Paid-Up Capital(KRW) |
990,000,000 |
|
Total Issued Shares |
198,000 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
361,439,883,767 |
325,256,195,932 |
269,645,098,846 |
|
Current Assets |
216,377,302,191 |
189,816,307,566 |
151,469,836,564 |
|
-Quick Assets |
172,365,301,153 |
155,468,579,243 |
120,676,943,175 |
|
-Inventories |
44,012,001,038 |
34,347,728,323 |
30,792,893,389 |
|
Fixed Assets |
145,062,581,576 |
135,439,888,366 |
118,175,262,282 |
|
-Investment |
82,655,977,021 |
77,906,382,411 |
60,460,296,396 |
|
-Tangibles |
57,534,871,988 |
53,332,304,504 |
54,279,732,933 |
|
-Intangibles |
4,871,732,567 |
4,201,201,451 |
3,435,232,953 |
|
Total Liabilities |
38,782,987,748 |
30,184,587,877 |
26,020,502,016 |
|
Current Liabilities |
35,942,969,417 |
27,086,316,762 |
23,289,889,575 |
|
Fixed Liabilities |
2,840,018,331 |
3,098,271,115 |
2,730,612,441 |
|
Capital Stock |
990,000,000 |
990,000,000 |
990,000,000 |
|
Capital Surplus |
44,965,971,981 |
44,965,971,981 |
44,965,971,981 |
|
Profit Surplus |
250,280,879,071 |
225,429,381,819 |
189,818,901,281 |
|
Capital Adjustment |
26,420,044,967 |
23,686,254,255 |
7,849,723,568 |
|
Total Equity |
322,656,896,019 |
295,071,608,055 |
243,624,596,830 |
|
Liab. & Shareholder’s Equity |
361,439,883,767 |
325,256,195,932 |
269,645,098,846 |
|
Current
Liabilities |
35,942,969,417 |
27,086,316,762 |
23,289,889,575 |
|
Trade Payables |
26,093,068,774 |
18,604,816,505 |
14,574,654,032 |
|
Account Payables |
6,094,872,602 |
4,937,467,789 |
6,977,389,258 |
|
Advance Receipts |
87,932,896 |
45,813,045 |
39,757,053 |
|
Withholdings |
68,694,108 |
104,722,821 |
176,575,651 |
|
Accrued Income Tax |
3,598,401,037 |
3,393,496,602 |
1,521,513,581 |
|
Fixed
Liabilities |
2,840,018,331 |
3,098,271,115 |
2,730,612,441 |
|
Provision for Severance & Retirement |
10,627,811,400 |
9,558,264,700 |
8,679,908,400 |
|
Guarantee Deposit Withhold |
170,000,000 |
180,000,000 |
150,000,000 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
300,194,852,055 |
232,608,544,974 |
184,429,273,509 |
|
Cost of Sold Goods |
253,424,173,521 |
189,684,006,517 |
146,948,004,665 |
|
Gross Profit |
46,770,678,534 |
42,924,538,457 |
37,481,268,844 |
|
Selling & Admin. Expenses |
25,279,310,517 |
21,425,380,177 |
19,848,568,394 |
|
Operating Income |
21,491,368,017 |
21,499,158,280 |
17,632,700,450 |
|
Non-Operating Income |
14,877,113,866 |
26,059,198,922 |
10,643,370,529 |
|
Non-Operating Expenses |
4,976,421,962 |
5,800,478,442 |
8,005,811,371 |
|
Income Before Taxes |
31,392,059,921 |
41,757,878,760 |
20,270,259,608 |
|
Income Taxes Expenses |
6,540,562,669 |
6,147,398,222 |
5,285,692,575 |
|
Net Income |
24,851,497,252 |
35,610,480,538 |
14,984,567,033 |
|
Unit :
Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Cash Flows
from Operating |
8,451,127,963 |
5,332,407,455 |
42,794,953,196 |
|
-Net Income |
24,851,497,252 |
35,610,480,538 |
14,984,567,033 |
|
-Exp.
without Cash Outflow |
8,543,968,614 |
7,389,610,881 |
7,184,028,449 |
|
-Revenue
without Cash Inflows |
-7,270,225,828 |
-18,958,277,743 |
-2,996,445,835 |
|
-Changes in
Asset/ & Liability |
-17,674,112,075 |
-18,709,406,221 |
23,622,803,549 |
|
Cash Flows
from Investing |
-18,663,617,907 |
11,159,504,027 |
-38,651,936,061 |
|
-Cash Inflow
from Investing |
60,117,955,974 |
96,340,692,335 |
94,003,332,159 |
|
-Cash
Outflows for Investing |
-78,781,573,881 |
-85,181,188,308 |
-132,655,268,220 |
|
Cash Flows
from Financing |
19,000,000 |
116,650,000 |
- |
|
-Cash
Inflows from Financing |
19,000,000 |
116,650,000 |
- |
|
-Cash
Outflows from Financing |
- |
- |
- |
|
Increase/Decrease
in Cash |
-10,193,489,944 |
16,608,561,482 |
4,143,017,135 |
|
Cash at the
Beginning of Year |
34,554,332,433 |
17,945,770,951 |
13,802,753,816 |
|
Cash at the
End of Year |
24,360,842,489 |
34,554,332,433 |
17,945,770,951 |
|
Main Products & Services |
Welding Electrode, Flux Cored Wire |
|
Customers |
SAMHWA STEEL CO., LTD.(180111-0085373) |
|
Competitors |
HYUNDAI WELDING CO., LTD. 16TH FL., ILSONG BLDG., 157-37, SAMSEONG
1-DONG, GANGNAM-GU, TEL:+82-2-6230-6010 FAX:+82-2-598-6928 CHOSUN WELDING CO., LTD. 865, TEL:+82-54-285-8221 FAX:+82-54-285-8543 PYUNGSAN METALS CO., LTD. 5-4, MULLAE-DONG 5-GA, YEONGDEUNGPO-GU, TEL:+82-2-2635-5454 FAX:+82-2-2635-5453 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
KOREA HEAT TREATMENT CO., LTD.(180111-0025014) (46.56% held by the subject company) KOREAOMEGA INVESTMENT ADVISORY CO., LTD.(110111-1551955) (38.23% held by the subject company) |
|
Subsidiary |
KISWEL SDN BHD (100.0% held by the subject company) KISWEL (100.0% held by the subject company) KISWEL (100.0% held by the subject company) KISWEL (100.0% held by the subject company) KISWEL (100.0% held by the subject company) KISWEL (80.0% held by the subject company) |
|
Corporate Ownership |
HONG MIN-CHUL |
|
Major Shareholders |
HONG MIN-CHUL |
|
Cooperative Enterprise |
-Insured Company LIG INSURANCE CO., LTD.(110111-0017859) |
(Activity &
Markets)
The Subject deals
with the companies in Japan, USA, Middle East and Europe.
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
|
|
1 |
Rs.86.30 |
|
Euro |
1 |
Rs.67.73 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.