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Report Date : |
25.06.2012 |
IDENTIFICATION DETAILS
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Name : |
SILVOR CO., LTD. |
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|
|
|
Formerly Known As : |
SILVOR STEEL CO., LTD. |
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|
|
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Registered Office : |
1711-6, Oseo-ri, Jinjeon-myeon,
Masanhappo-gu, Changwon-si, |
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|
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Country : |
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|
|
|
Financials (as on) : |
31.12.2011 |
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|
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Date of Incorporation : |
08.09.1999 |
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Com. Reg. No.: |
608-81-35772 |
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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 : |
Manufacturer of Rolled, Drawn and Folded Products of Aluminum |
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|
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No. of Employees : |
29 |
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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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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 |
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Restricted |
C2 |
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Off-credit |
D |
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Company
Name |
SILVOR CO., LTD. (Korean Company
Name : “(주)실보”) |
|
Registered Address |
1711-6,
Oseo-ri, Jinjeon-myeon, Masanhappo-gu, Changwon-si, |
|
Zip Code |
631-833 |
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Tel |
+82-55-272-0510~2 |
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Fax |
+82-55-272-0513 |
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E-mail |
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|
Website |
|
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Trading Address |
1711-6,
Oseo-ri, Jinjeon-myeon, Masanhappo-gu, Changwon-si, |
|
Tel |
+82-55-272-0510~2 |
|
Fax |
+82-55-272-0513 |
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Type |
Export/Import |
|
Industry |
Manufacture of Rolled, Drawn and Folded Products of Aluminum |
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Main Business |
Non-Ferrous Metals, Aluminum Scrap |
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Established (mm/dd/yyyy) |
09/08/1999 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Castings(31100000) |
|
Buy |
Furnaces(40101805) |
|
Name |
Kim Hyung-Sun |
|
Address |
Suite 101-1603, 413, Seobinggo-ro,
Yongsan-gu, |
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Date of Birth |
05/08/1961 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
1,750,000,000 |
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Employees |
29 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Busan Bank-Bujeon Dong Branch |
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Corporate Registered No. |
190111-0036316 |
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Business Registered No. |
608-81-35772 |
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Permit & Licenses |
Int’l Trade No.: 24024008 |
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Shareholder Position |
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Company History |
09/08/1999 Incorporated as Handong Steel
Co., Ltd. 02/05/2001 Changed company name to SILVOR
STEEL CO., LTD. 03/11/2004 Increased capital to
1,750,000,000 KRW from 1,050,000,000 KRW 12/11/2008 Changed company name to the
present name |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kim Hyung-Sun |
Male |
Korean |
03/31/2009 |
|
Director |
Mr. |
Park Ho-Soon |
Male |
Korean |
03/31/2009 |
|
Director |
Mr. |
Ahn Boo-Gap |
Male |
Korean |
03/31/2009 |
|
Auditor |
Mr. |
Kim Byung-Joo |
Male |
Korean |
03/31/2009 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
124,808,011,564 |
74,780,144,752 |
3,177,679,634 |
|
|
2010 |
40,277,109,837 |
70,544,665,065 |
2,100,053,284 |
|
2009 |
55,746,060,041 |
19,369,070,242 |
347,900,317 |
|
Authorized Capital(KRW) |
2,000,000,000 |
|
Paid-Up Capital(KRW) |
1,750,000,000 |
|
Total Issued Shares |
175,000 |
Balance
Sheet
|
|||
|
Unit : Korean
Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
74,780,144,752 |
70,544,665,065 |
19,369,070,242 |
|
Current Assets |
64,825,079,876 |
62,218,974,160 |
13,210,682,484 |
|
-Quick Assets |
8,849,036,261 |
9,870,344,086 |
7,188,492,711 |
|
-Inventories |
55,976,043,615 |
52,348,630,074 |
6,022,189,773 |
|
Fixed Assets |
9,955,064,876 |
8,325,690,905 |
6,158,387,758 |
|
-Investment |
7,314,004,594 |
5,523,279,240 |
3,287,880,166 |
|
-Tangibles |
2,360,997,722 |
2,553,959,231 |
2,459,975,610 |
|
-Intangibles |
- |
-22,677,596 |
-113,387,998 |
|
-Others |
280,062,560 |
271,130,030 |
523,919,980 |
|
Total Liabilities |
65,252,288,219 |
64,164,107,162 |
15,094,885,291 |
|
Current Liabilities |
63,652,288,219 |
61,914,109,162 |
14,944,891,291 |
|
Fixed Liabilities |
1,600,000,000 |
2,249,998,000 |
149,994,000 |
|
Capital Stock |
1,750,000,000 |
1,750,000,000 |
1,750,000,000 |
|
Capital Surplus |
|
|
|
|
Profit Surplus |
7,326,917,181 |
4,149,237,547 |
2,049,184,263 |
|
Capital Adjustment |
450,939,352 |
481,320,356 |
475,000,688 |
|
Total Equity |
9,527,856,533 |
6,380,557,903 |
4,274,184,951 |
|
Liab. & Shareholder’s Equity |
74,780,144,752 |
70,544,665,065 |
19,369,070,242 |
|
Current Liabilities |
63,652,288,219 |
61,914,109,162 |
14,944,891,291 |
|
Trade Payables |
74,396,079 |
36,665,057 |
2,694,409,105 |
|
Short-Term Borrowings |
10,880,945,250 |
10,427,274,451 |
11,836,071,651 |
|
Account Payables |
1,277,661,706 |
1,117,399,298 |
77,698,539 |
|
Advance Receipts |
50,458,539,794 |
49,658,248,806 |
28,291,874 |
|
Withholdings |
12,093,790 |
10,348,380 |
17,873,377 |
|
VAT Withhold |
|
|
190,550,745 |
|
Accrued Income Tax |
298,653,600 |
264,177,170 |
- |
|
Current Portion of Long-Term Debts |
649,998,000 |
399,996,000 |
99,996,000 |
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Fixed Liabilities |
1,600,000,000 |
2,249,998,000 |
149,994,000 |
|
Long-Term Borrowings |
- |
49,998,000 |
149,994,000 |
|
Debentures |
1,600,000,000 |
2,200,000,000 |
- |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
124,808,011,564 |
40,277,109,837 |
55,746,060,041 |
|
Cost of Sold Goods |
118,972,464,695 |
36,625,891,296 |
51,492,905,228 |
|
Gross Profit |
5,835,546,869 |
3,651,218,541 |
4,253,154,813 |
|
Selling & Admin. Expenses |
3,278,388,677 |
2,877,003,671 |
3,633,288,589 |
|
Operating Income |
2,557,158,192 |
774,214,870 |
619,866,224 |
|
Non-Operating Income |
3,449,977,786 |
3,503,400,936 |
3,035,729,487 |
|
Non-Operating Expenses |
2,397,472,329 |
1,870,477,797 |
3,239,949,282 |
|
Income Before Taxes |
3,609,663,649 |
2,407,138,009 |
415,646,429 |
|
Income Taxes Expenses |
431,984,015 |
307,084,725 |
67,746,112 |
|
Net Income |
3,177,679,634 |
2,100,053,284 |
347,900,317 |
Cash
Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Cash Flows from Operating |
-885,463,110 |
1,422,547,762 |
4,615,339,229 |
|
-Net Income |
3,177,679,634 |
2,100,053,284 |
347,900,317 |
|
-Exp. without Cash Outflow |
438,628,454 |
621,581,031 |
1,105,500,290 |
|
-Revenue without Cash Inflows |
-2,033,921,881 |
-1,334,430,436 |
-333,127,307 |
|
-Changes in Asset/ & Liability |
-2,467,849,317 |
35,343,883 |
3,495,065,929 |
|
Cash Flows from Investing |
-247,436,650 |
-1,725,043,633 |
-1,081,840,670 |
|
-Cash Inflow from Investing |
11,512,381,463 |
11,045,028,858 |
7,646,957,107 |
|
-Cash Outflows for Investing |
-11,759,818,113 |
-12,770,072,491 |
-8,728,797,777 |
|
Cash Flows from Financing |
90,038,052 |
910,161,192 |
-3,796,807,762 |
|
-Cash Inflows from Financing |
49,893,537,455 |
50,099,267,893 |
35,872,083,939 |
|
-Cash Outflows from Financing |
-49,803,499,403 |
-49,189,106,701 |
-39,668,891,701 |
|
Increase/Decrease in Cash |
-1,042,861,708 |
607,665,321 |
-263,309,203 |
|
Cash at the Beginning of Year |
1,069,268,903 |
461,603,582 |
724,912,785 |
|
Cash at the End of Year |
26,407,195 |
1,069,268,903 |
461,603,582 |
|
Main Products & Services |
Non-Ferrous Metals, Aluminum Scrap |
|
Competitors |
NAJIN STEEL CO., LTD. RM. 2030, TEL:+82-2-2646-6611 FAX:+82-2-2646-6621 SUNGHO STEEL CO., LTD. 823, CHIMSAN 1-DONG, BUK-GU, TEL:+82-53-356-3587 FAX:+82-53-351-7577 HAN MOO INC. RM. 724, SUSEO HYUNDAI VENTURE VILLE, 713,
SUSEO-DONG, GANGNAM-GU, TEL:+82-2-3474-5154 FAX:+82-2-3474-5032 |
(Subsidiaries, Joint-Venture
& Affiliates)
|
Affiliates |
SILVOR F&S CO., LTD.(110111-4183995) MORE STEEL CO.,
LTD.(171711-0067148) MS SCRAP LTD.(110114-0093861) |
(Activity & Markets)
Not Available.
No.
--
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.