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Report Date : |
23.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
DONG SUNG STEEL CO., LTD. |
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|
|
|
Registered Office : |
33-30, Hoewon-dong, MasanHoiwon-gu,
Changwon-si, Gyeongsangnam-do, Korea, 2FL., Sungbo
Bldg., Zip Code 630-820 |
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Country : |
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|
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
30.03.2000 |
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Com. Reg. No.: |
608-81-37881 |
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Legal Form : |
Co., Ltd by Shares |
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|
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Line of Business : |
Manufacturer of Hot Rolled, Drawn and Extruded Iron or Steel Products |
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|
|
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No. of Employees : |
18 |
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 |
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Payment Behaviour : |
Unknown |
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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 |
DONG SUNG STEEL CO., LTD. (Korean Company Name : “동성스틸(주)”) |
|
Registered Address |
33-30, Hoewon-dong,
MasanHoiwon-gu, Changwon-si, |
|
Building |
2FL., Sungbo Bldg. |
|
Zip Code |
630-820 |
|
Tel |
+82-55-248-4114 |
|
Fax |
+82-55-248-4110 |
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E-mail |
|
|
Trading Address |
2FL., Sungbo
Bldg., 33-30, Hoewon-dong, MasanHoiwon-gu, Changwon-si, |
|
Tel |
+82-55-248-4114 |
|
Fax |
+82-55-248-4110 |
|
Other Address-Namhae Branch |
196-12, Ogok-ri,
Gohyeon-myeon, Namhae-gun, |
|
Tel |
+82-55-863-0063 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Hot Rolled, Drawn and Extruded Iron or Steel Products |
|
Main Business |
Stainless Steel Plate |
|
Established (mm/dd/yyyy) |
03/30/2000 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Steel plate(30102204) |
|
Name |
Kim Dong-Sun |
|
Address |
11-104, Taebaek-dong,
Jinhae-gu, Changwon-si, |
|
Date of Birth |
02/10/1960 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
350,000,000 |
|
Employees |
18 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Gyungnam Bank-Masan Branch Busan Bank-Masan Branch |
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Corporate Registered No. |
194311-0008086 |
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Business Registered No. |
608-81-37881 |
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Permit & Licenses |
Int’l Trade No.: 24101211 |
|
Shareholder Position |
N/A |
|
Company History |
03/30/2000 Incorporated as the present name 05/11/2010 Moved to the present HQ address
from 823, Yuhyeon-ri, Gunbuk-myeon, Haman-gun, |
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|
|
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Kim Dong-Sun |
Male |
Korean |
02/26/2008 |
|
Auditor |
M/S. |
Lee You-Mi |
Female |
Korean |
04/27/2010 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2009 |
9,491,000,000 |
8,934,000,000 |
258,000,000 |
|
2008 |
11,534,000,000 |
7,938,000,000 |
581,000,000 |
|
2007 |
7,184,000,000 |
6,970,000,000 |
133,000,000 |
The latest
financials are not available, and the Subject Company does not have any obligations
to release its financials to the public.
|
Authorized Capital(KRW) |
400,000,000 |
|
Paid-Up Capital(KRW) |
350,000,000 |
|
Total Issued Shares |
35,000 |
Balance
Sheet
|
|||
|
Unit : Million Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
|
8,934 |
7,938 |
|
Current Assets |
|
7,969 |
6,965 |
|
-Quick Assets |
|
2,181 |
2,825 |
|
-Inventories |
|
5,787 |
4,140 |
|
Fixed Assets |
|
966 |
972 |
|
-Investment |
|
9 |
9 |
|
-Tangibles |
|
956 |
963 |
|
-Intangibles |
|
|
|
|
Total Liabilities |
|
5,296 |
4,558 |
|
Current Liabilities |
|
2,523 |
1,885 |
|
Fixed Liabilities |
|
2,773 |
2,673 |
|
Capital Stock |
|
350 |
350 |
|
Capital Surplus |
|
|
|
|
Profit Surplus |
|
3,288 |
3,029 |
|
Capital Adjustment |
|
|
|
|
Total Equity |
|
3,638 |
3,379 |
|
Liab. & Shareholder’s Equity |
|
8,934 |
7,938 |
Income
Statement
|
|||
|
Unit : Million Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
|
9,491 |
11,534 |
|
Cost of Sold Goods |
|
8,471 |
10,081 |
|
Gross Profit |
|
1,020 |
1,453 |
|
Selling & Admin. Expenses |
|
417 |
378 |
|
Operating Income |
|
602 |
1,075 |
|
Non-Operating Income |
|
52 |
43 |
|
Non-Operating Expenses |
|
355 |
380 |
|
Income Before Taxes |
|
299 |
738 |
|
Income Taxes Expenses |
|
40 |
156 |
|
Net Income |
|
258 |
581 |
|
Main Products & Services |
Stainless Steel Plate |
|
Competitors |
BUSAN STEEL CO., LTD. 720-4, HAKJANG-DONG, SASANG-GU, TEL:+82-51-325-1131~4 FAX:+82-51-324-6440 DEOGWON STEEL CO., LTD. 507-5, BANJEONG-DONG, HWASEONG-SI, TEL:+82-31-223-7708 FAX:+82-31-223-0977 WELLSTEEL CO., LTD. 1752-1, SONGJEONG-DONG, GANGSEO-GU, TEL:+82-51-831-7330 FAX:+82-51-831-7329 |
(Activity & Markets)
Not Available.
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.99 |
|
|
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.