|
Report Date : |
21.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
BN STEELA CO., LTD. |
|
|
|
|
Registered Office : |
BN Bldg. 84-18, Guseo 1-dong, Geumjeong-gu, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
11.12.2008 |
|
|
|
|
Com. Reg. No.: |
621-81-77891 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Manufacture of Guilt, Coloration, Surface Processing Steel Materials |
|
|
|
|
No. of Employees : |
193 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 |
BN STEELA CO., LTD. (Korean Company Name : “비엔스틸라(주)”) |
|
Registered Address |
84-18, Guseo 1-dong, Geumjeong-gu, |
|
Building |
BN Bldg. |
|
Zip Code |
609-854 |
|
Tel |
+82-51-519-2000 |
|
Fax |
+82-51-519-2015 |
|
E-mail |
webmaster@bn-korea.com |
|
Website |
www.steela.com |
|
Trading Address |
5FL., Susungsu Bldg., 1698-7, Seocho-dong,
Seocho-gu, |
|
Tel |
+82-2-598-6611 |
|
Fax |
+82-2-3474-6700 |
|
Other Address-Asan Factory |
587, Dongam-ri, Eumbong-myeon, Asan-si, |
|
Tel |
+82-41-541-9911 |
|
Fax |
+82-41-541-9929 |
|
Other Address-Noksan Factory |
1597-1, Songjeong-dong, Gangseo-gu, |
|
Tel |
+82-51-600-8300 |
|
Fax |
+82-51-600-8338 |
|
Other Address-Junam Branch |
540-2, Junam-dong, Yangsan-si, |
|
Type |
Export/Import |
|
Industry |
Manufacture of Guilt, Coloration, Surface Processing Steel Materials |
|
Main Business |
PCM, VCM, Construction Materials, Metal Furniture, Steel Panel |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
12/11/2008 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Steel plate(30102204) |
|
Sell |
Surface treatment services(73181020) |
|
Name |
Cho Seong-Je |
|
Address |
Suite 205-2001, 262, 262, Geumsaem-ro,
Geumjeong-gu, |
|
Date of Birth |
02/26/1949 |
|
Title |
Co-President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
4,500,000,000 |
|||||||||
|
Employees |
193 |
|||||||||
|
Formation |
Co., Ltd by shares |
|||||||||
|
Bank Details |
Korea Development Bank Busan Bank |
|||||||||
|
Corporate Registered No. |
180111-0654954 |
|||||||||
|
Business Registered No. |
621-81-77891 |
|||||||||
|
Permit & Licenses |
Int’l Trade No.: 30653265 |
|||||||||
|
Shareholder Position |
|
|||||||||
|
Company History |
12/11/2008 Incorporated as the present name
after spin off from BN STEEL CO., LTD. |
|||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Co-President & CEO |
Mr. |
Cho Seong-Je |
Male |
Korean |
03/05/2010 |
|
Co-President & CEO |
Mr. |
Lee Dong-Oh |
Male |
Korean |
03/05/2010 |
|
Outside Director |
Mr. |
Lee Woo-Bong |
Male |
Korean |
03/17/2011 |
|
Auditor |
Mr. |
Ha Sun-Kyu |
Male |
Korean |
03/17/2011 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
146,055,359,871 |
136,072,426,057 |
-4,487,436,760 |
|
|
2010 |
159,191,157,340 |
65,945,084,776 |
7,285,109,196 |
|
2009 |
139,674,167,556 |
63,665,600,255 |
8,604,184,849 |
|
2008 |
10,253,358,809 |
62,085,313,121 |
2,284,146,788 |
|
Authorized Capital(KRW) |
18,000,000,000 |
|
Paid-Up Capital(KRW) |
4,500,000,000 |
|
Total Issues Shares |
9,000,000 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
136,072,426,057 |
65,945,084,776 |
63,665,600,255 |
|
Current Assets |
29,494,313,251 |
39,402,244,007 |
35,211,229,394 |
|
-Quick Assets |
11,881,301,289 |
23,701,343,094 |
23,713,674,964 |
|
-Inventories |
17,613,011,962 |
15,700,900,913 |
11,497,554,430 |
|
Fixed Assets |
106,578,112,806 |
26,542,840,769 |
28,454,370,861 |
|
-Investment |
75,490,623,701 |
468,190,000 |
1,614,670,000 |
|
-Tangibles |
26,362,700,902 |
24,046,790,165 |
24,816,151,782 |
|
-Intangibles |
42,433,671 |
48,568,659 |
54,703,647 |
|
-Others |
4,682,354,532 |
1,979,291,945 |
1,968,845,432 |
|
Total Liabilities |
101,951,306,195 |
26,661,550,099 |
31,217,174,774 |
|
Current Liabilities |
30,310,005,553 |
25,854,198,003 |
27,567,245,592 |
|
Fixed Liabilities |
71,641,300,642 |
807,352,096 |
3,649,929,182 |
|
Capital Stock |
4,500,000,000 |
4,500,000,000 |
4,500,000,000 |
|
Capital Surplus |
17,060,093,844 |
17,060,093,844 |
17,060,093,844 |
|
Profit Surplus |
12,561,004,073 |
17,723,440,833 |
10,888,331,637 |
|
Capital Adjustment |
21,945 |
- |
- |
|
Total Equity |
34,121,119,862 |
39,283,534,677 |
32,448,425,481 |
|
Liab. & Shareholder’s Equity |
136,072,426,057 |
65,945,084,776 |
63,665,600,255 |
|
Current
Liabilities |
30,310,005,553 |
25,854,198,003 |
27,567,245,592 |
|
Trade Payables |
11,484,393,427 |
8,292,503,164 |
9,588,708,961 |
|
Short-Term Borrowings |
16,881,280,000 |
11,176,640,000 |
12,802,560,000 |
|
Account Payables |
387,686,581 |
727,489,383 |
532,658,855 |
|
Advance Receipts |
- |
- |
679,151 |
|
Withholdings |
56,213,722 |
95,535,865 |
113,975,504 |
|
Current Portion of Long-Term Debts |
- |
2,817,329,174 |
2,546,582,608 |
|
Accrued Expenses |
1,321,725,616 |
562,862,317 |
558,857,840 |
|
Deferred Income Tax |
2,511,905 |
365,328,348 |
818,071,146 |
|
Leasehold Deposit Received |
10,000,000 |
10,000,000 |
10,000,000 |
|
Deferred Income Tax Credit |
166,194,302 |
1,806,509,752 |
595,151,527 |
|
Fixed
Liabilities |
71,641,300,642 |
807,352,096 |
3,649,929,182 |
|
Long-Term Borrowings |
71,188,437,900 |
- |
3,046,582,606 |
|
Provision for Severance & Retirement |
1,152,248,652 |
806,741,296 |
602,735,776 |
|
Withholdings |
3,000,000 |
3,000,000 |
3,000,000 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
146,055,359,871 |
159,191,157,340 |
139,674,167,556 |
|
Cost of Sold Goods |
130,558,731,624 |
139,438,124,817 |
120,840,040,837 |
|
Gross Profit |
15,496,628,247 |
19,753,032,523 |
18,834,126,719 |
|
Selling & Admin. Expenses |
9,351,303,190 |
8,128,791,701 |
7,283,479,332 |
|
Operating Income |
6,145,325,057 |
11,624,240,822 |
11,550,647,387 |
|
Non-Operating Income |
788,172,302 |
910,158,473 |
2,314,880,441 |
|
Non-Operating Expenses |
12,483,483,307 |
2,818,829,058 |
2,448,364,463 |
|
Income Before Taxes |
-5,549,985,948 |
9,715,570,237 |
11,417,163,365 |
|
Income Taxes Expenses |
-1,062,549,188 |
2,430,461,041 |
2,812,978,516 |
|
Net Income |
-4,487,436,760 |
7,285,109,196 |
8,604,184,849 |
|
Unit :
Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Cash Flows
from Operating |
5,625,471,850 |
5,077,156,924 |
17,005,983,639 |
|
-Net Income |
-4,487,436,760 |
7,285,109,196 |
8,604,184,849 |
|
-Exp.
without Cash Outflow |
10,420,909,036 |
3,832,360,730 |
3,104,297,875 |
|
-Revenue without
Cash Inflows |
-97,667,713 |
-3,314 |
-1,585,257,962 |
|
-Changes in
Asset/ & Liability |
-210,332,713 |
-6,040,309,688 |
6,882,758,877 |
|
Cash Flows
from Investing |
-81,082,809,137 |
-3,772,801,020 |
-4,236,237,369 |
|
-Cash Inflow
from Investing |
6,505,607,790 |
7,082,220,000 |
1,260,988,410 |
|
-Cash
Outflows for Investing |
-87,588,416,927 |
-10,855,021,020 |
-5,497,225,779 |
|
Cash Flows
from Financing |
72,696,108,726 |
-6,196,582,608 |
-6,346,527,565 |
|
-Cash
Inflows from Financing |
122,088,437,900 |
17,400,000,000 |
6,728,084,639 |
|
-Cash
Outflows from Financing |
-49,392,329,174 |
-23,596,582,608 |
-13,074,612,204 |
|
Increase/Decrease
in Cash |
2,761,228,561 |
4,892,226,704 |
6,423,218,705 |
|
Cash at the
Beginning of Year |
3,564,783,540 |
8,457,010,244 |
2,033,791,539 |
|
Cash at the
End of Year |
803,554,979 |
3,564,783,540 |
8,457,010,244 |
|
Main Products & Services |
PCM, VCM, Construction Materials, Metal Furniture, Steel Panel |
|
Suppliers |
LG CHEM LTD.(110111-2207995) POSCO(174611-0000741) |
|
Competitors |
SEIL STEEL CO., LTD. RM. 514, WOOLIM LION`S VALLEY 2-CHA, 680, GASAN-DONG,
GEUMCHEON-GU, TEL:+82-2-864-1011 FAX:+82-2-864-2267 SINJIN SM 262-5, JUNGDAE-DONG, GWANGJU-SI, TEL:+82-31-761-7871 FAX:+82-31-761-7869 HANSHIN COLOR STEEL CO., LTD. 2-213, SIHEUNG CHEOLJAE COMPLEX, 966, SIHEUNG
3-DONG, GEUMCHEON-GU, TEL:+82-2-807-7515 FAX:+82-2-807-7514 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
BN STEEL CO., LTD.(184511-0012910) BIP INDUSTRIES CO., LTD.(180111-0031326) COSMO CO., LTD.(180111-0124246) BIPEX CO., LTD.(180111-0557752) WEIHAI CHENGZHOU ECOLOGICAL SPORT PARK CO.,
LTD.( |
|
Subsidiary |
DAESUN DISTILLING CO., LTD.(180111-0004894) (50.0% held by the subject company) |
|
Corporate Ownership |
BN STEEL CO., LTD.(184511-0012910) |
|
Major Shareholders |
BN STEEL CO., LTD.(184511-0012910) |
|
Cooperative |
-Insured Company HYUNDAI MARINE & FIRE INSURANCE CO., LTD.(110111-0035893) LIG INSURANCE CO., LTD.(110111-0017859) |
(Activity &
Markets)
Not Available.
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
|
|
1 |
Rs.86.58 |
|
Euro |
1 |
Rs.67.60 |
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.