MIRA INFORM REPORT

 

 

Report Date :

24.07.2012

 

IDENTIFICATION DETAILS

 

Name :

ILSHIN STEEL INTERNATIONAL CO.

 

 

Registered Office :

177, Baekbong-ri, Cheongbuk-myeon, Pyeongtaek-si, Gyeonggi-do, Korea, Zip Code 451-833

 

 

Country :

South korea

 

 

Date of Incorporation :

01.07.1998

 

 

Com. Reg. No.:

125-07-72398

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesale of Metal Plates, Bars, Pipes, and Basic Metals

 

 

No. of Employees :

02

 

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 :

Unknown

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)

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

ILSHIN STEEL INTERNATIONAL CO.

(Korean Company Name : “일신강재”)

Registered Address

177, Baekbong-ri, Cheongbuk-myeon, Pyeongtaek-si, Gyeonggi-do, Korea

Zip Code

451-833

Tel

+82-31-666-8789

Fax

+82-31-668-8784

E-mail

mhcho@ilshinsteel.co.kr; overseas@ilshinsteel.co.kr

Website

www.ilshinsteel.co.kr

Trading Address

177, Baekbong-ri, Cheongbuk-myeon, Pyeongtaek-si, Gyeonggi-do, Korea

Tel

+82-31-666-8789

Fax

+82-31-668-8784

Other Address

Rm.603, Kyungsung Bldg., 814-1, Seojeong-dong, Pyeongtaek-si, Gyeonggi-do, Korea

Tel

+82-31-666-8789

Fax

+82-31-668-8784

Type

Export

Industry

Wholesale of Metal Plates, Bars, Pipes, and Basic Metals

  Main Business

Stainless Steel Sheet, Stainless Steel Coil

Established (mm/dd/yyyy)

07/01/1998

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Steel(11101704)

Sell

Stainless Steel Sheet

Sell

Stainless Steel Coil

Sell

Basic Metals

 

 

CEO’s

 

Name

Cho Moon-Hyun

Date of Birth

12/08/1959

Title

Owner

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

Not Applicable to the Sole Proprietorship

Employees

2

Formation

Sole Proprietorship

Bank Details

Kookmin Bank-Songtan Branch

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

125-07-72398

Permit & Licenses

Int’l Trade No.: 21037634

Shareholder Position

N/A

Company History

07/01/1998 Established as ILSHIN STEEL INTERNATIONAL CO.

1125/2004 Awarded the export top prize

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Owner

Mr.

Cho Moon-Hyun

Male

Korean

04/03 2008

Auditor

M/S.

Lee Ok-Hee

Female

Korean

07/01/1998

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2011

 

 

 

2010

 

 

 

2009

8,781,000,000

1,493,000,000

253,000,000

2008

7,135,000,000

1,467,000,000

195,000,000

2007

5,426,000,000

1,705,000,000

11,000,000

2006

 

 

 

2005

 

 

 

2004

3,489,000,000

319,000,000

58,000,000

2003

4,727,000,000

900,000,000

57,000,000

 

The financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

 

 

Financial Description

 

Authorized Capital(KRW)

200,000,000

Paid-Up Capital(KRW)

50,000,000

Total Issued Shares

10,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Since 1998, The Subject Company is one of the Korean trading companies, which is specialized in stainless steel products, as an exporter, importer and distributor of stainless steel flat, long and profile products. Its main business field is to export all of the stainless steel products produced by Korean mills for overseas market.

 

Cold Rolled Stainless Steel Strip in Coils

Cold Rolled Stainless Steel Sheets & in Coils, BA Finished

Cold Rolled Stainless Steel Sheets & in Coils, 2B Finished

Stainless Steel Premium Finishes in Sheets

Stainless Steel ERW Tubes for Automotive Exhaust Systems

Stainless Steel Seamless Pipes & Tubes

Hot Rolled Stainless Wire Rods

Hot Rolled Stainless Steel Round Bars

Cold Drawn Round Bars

Hot Rolled Annealed & Pickled Stainless Steel Equal Angle Bars

Hot Rolled Annealed & Pickled Stainless Steel Equal Flat Bars

Stainless Steel Silted Flat Bars from HRC

Tool Steel Round Bars

Tool Steel Wide Flat Bars

 

 

Trade Partners & Competitors

 

Competitors

SUNGHO STEEL CO., LTD.

823, CHIMSAN 1-DONG, BUK-GU, DAEGU, KOREA

TEL:+82-53-356-3587  FAX:+82-53-351-7577

 

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

ILSHIN STEEL CO., LTD.(131311-0081186)

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to Australia, Brazil and India.

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.76

UK Pound

1

Rs.86.80

Euro

1

Rs.67.43

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.