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Report Date : |
30.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
HWIRIM STEEL CO., LTD. |
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|
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Registered Office : |
1142-1, Myeongdong-ri, Hallim-myeon, Gimhae-si, 621-872 |
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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 : |
26.01.2000 |
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|
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Com. Reg. No.: |
603-81-40950 |
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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 : |
Manufacture of Smelting, Refining and Alloys of Lead, Zinc
and Tin |
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|
|
|
No. of Employees : |
28 |
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 : |
Slow |
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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 |
|
Off-credit |
D |
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Company Name |
HWIRIM STEEL CO., LTD. (Korean Company Name : “(주)회림철강”) |
|
Registered Address |
1142-1, Myeongdong-ri, Hallim-myeon,
Gimhae-si, |
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Zip Code |
621-872 |
|
Tel |
+82-55-346-6543 |
|
Fax |
+82-55-346-5965 |
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E-mail |
hwi-rim@hanmail.net |
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Website |
|
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Trading Address |
1142-1, Myeongdong-ri, Hallim-myeon, Gimhae-si,
|
|
Tel |
+82-55-346-6543 |
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Fax |
+82-55-346-5965 |
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Type |
Export/Import |
|
Industry |
Manufacture of Smelting, Refining and Alloys of Lead, Zinc and Tin |
|
Main Business |
Galvanized Steel |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
01/26/2000 |
The Subject owns
the premises of registered HQ address(8,632㎡).
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Steel plate(30102204) |
|
Name |
Ahn Sun-Kun |
|
Address |
1200, Jaesong-dong, Haeundae-gu, |
|
Date of Birth |
12/20/1966 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
450,000,000 |
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|
Employees |
28 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Shinhan Bank-Shinpyung Branch Korea Exchange Bank Kookmin Bank |
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Corporate Registered No. |
180111-0311885 |
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Business Registered No. |
603-81-40950 |
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Permit & Licenses |
Int’l Trade No.: 12179899 |
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Shareholder Position |
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Company History |
01/26/2000 Incorporated as the present
name 01/26/2006 Moved to the present HQ address
from 551-1, Sinpyeong-dong, Saha-gu, 11/2006 Awarded US$10 Million Export Top
Prize |
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|
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Ahn Sun-Kun |
Male |
Korean |
01/26/2000 |
|
Director |
Mr. |
Jang Jin-Ho |
Male |
Korean |
01/26/2000 |
|
Director |
Mr. |
Jang Young-Tae |
Male |
Korean |
01/26/2011 |
|
Auditor |
Mr. |
Kwon Young-Dae |
Male |
Korean |
01/26/2008 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
55,863,136,974 |
27,284,227,354 |
231,442,406 |
|
|
2010 |
59,491,025,360 |
26,296,269,162 |
836,630,083 |
|
2009 |
44,782,083,963 |
24,074,705,869 |
271,852,490 |
|
2008 |
44,524,926,333 |
20,169,040,123 |
2,246,030,101 |
|
2007 |
27,449,257,768 |
16,793,697,888 |
179,394,271 |
|
2006 |
31,017,231,037 |
18,092,989,239 |
115,858,604 |
|
2005 |
22,412,452,242 |
14,380,741,332 |
621,637,951 |
|
2004 |
20,426,634,618 |
8,274,153,616 |
723,729,503 |
|
Authorized Capital(KRW) |
600,000,000 |
|
Paid-Up Capital(KRW) |
450,000,000 |
|
Total Issued Shares |
45,000 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
27,284,227,354 |
26,296,269,162 |
24,074,705,869 |
|
Current Assets |
19,548,708,493 |
18,285,123,724 |
16,246,382,163 |
|
-Quick Assets |
8,844,258,252 |
10,230,937,102 |
11,745,425,672 |
|
-Inventories |
10,704,450,241 |
8,054,186,622 |
4,500,956,491 |
|
Fixed Assets |
7,735,518,861 |
8,011,145,438 |
7,828,323,706 |
|
-Investment |
1,530,172,090 |
1,597,242,930 |
1,637,254,212 |
|
-Tangibles |
5,853,362,077 |
6,011,194,814 |
5,867,151,904 |
|
-Intangibles |
351,984,694 |
402,707,694 |
323,917,590 |
|
Total Liabilities |
19,466,504,516 |
18,709,988,730 |
17,325,055,520 |
|
Current Liabilities |
19,399,356,207 |
13,776,393,034 |
12,454,849,423 |
|
Fixed Liabilities |
67,148,309 |
4,933,595,696 |
4,870,206,097 |
|
Capital Stock |
450,000,000 |
450,000,000 |
450,000,000 |
|
Capital Surplus |
|
|
|
|
Profit Surplus |
5,859,545,910 |
5,628,103,504 |
4,791,473,421 |
|
Capital Adjustment |
1,508,176,928 |
1,508,176,928 |
1,508,176,928 |
|
Total Equity |
7,817,722,838 |
7,586,280,432 |
6,749,650,349 |
|
Liab. & Shareholder’s Equity |
27,284,227,354 |
26,296,269,162 |
24,074,705,869 |
|
Current
Liabilities |
19,399,356,207 |
13,776,393,034 |
12,454,849,423 |
|
Trade Payables |
5,988,834,347 |
7,285,869,070 |
7,386,351,484 |
|
Short-Term Borrowings |
8,090,199,010 |
5,959,446,228 |
4,750,000,000 |
|
Current Portion of Debentures |
5,000,000,000 |
- |
|
|
Account Payables |
264,221,161 |
303,436,465 |
267,916,683 |
|
Withholdings |
22,418,110 |
15,559,180 |
7,527,687 |
|
Advance Receipts |
871,024 |
|
|
|
Accrued Expenses |
55,135,493 |
- |
43,053,569 |
|
Accrued Income Tax |
|
212,082,091 |
- |
|
Fixed
Liabilities |
67,148,309 |
4,933,595,696 |
4,870,206,097 |
|
Debentures |
- |
5,000,000,000 |
5,000,000,000 |
|
Provision for Severance & Retirement |
530,174,793 |
390,988,571 |
283,492,194 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
55,863,136,974 |
59,491,025,360 |
44,782,083,963 |
|
Cost of Sold Goods |
52,554,995,591 |
54,973,818,815 |
39,286,078,447 |
|
Gross Profit |
3,308,141,383 |
4,517,206,545 |
5,496,005,516 |
|
Selling & Admin. Expenses |
2,306,420,561 |
2,558,873,489 |
2,351,597,313 |
|
Operating Income |
1,001,720,822 |
1,958,333,056 |
3,144,408,203 |
|
Non-Operating Income |
1,036,512,524 |
1,595,131,777 |
943,701,876 |
|
Non-Operating Expenses |
1,716,007,984 |
2,478,220,759 |
3,763,969,472 |
|
Income Before Taxes |
322,225,362 |
1,075,244,074 |
324,140,607 |
|
Income Taxes Expenses |
90,782,956 |
238,613,991 |
52,288,117 |
|
Net Income |
231,442,406 |
836,630,083 |
271,852,490 |
|
Unit :
Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Cash Flows
from Operating |
-2,055,422,451 |
-1,114,185,331 |
-2,009,933,743 |
|
-Net Income |
231,442,406 |
836,630,083 |
271,852,490 |
|
-Exp.
without Cash Outflow |
505,508,045 |
437,201,275 |
347,321,929 |
|
-Revenue
without Cash Inflows |
-16,243,880 |
-9,275,530 |
-49,263,479 |
|
Cash Flows
from Investing |
-508,690,998 |
-179,849,528 |
-1,449,206,722 |
|
-Cash Inflow
from Investing |
5,726,685,473 |
1,486,516,890 |
2,014,049,240 |
|
-Cash
Outflows for Investing |
-6,235,376,471 |
-1,666,366,418 |
-3,463,255,962 |
|
Cash Flows
from Financing |
2,130,752,782 |
1,209,446,228 |
3,247,655,483 |
|
-Cash Inflows
from Financing |
57,564,608,628 |
61,600,414,106 |
44,956,989,487 |
|
-Cash
Outflows from Financing |
-55,433,855,846 |
-60,390,967,878 |
-41,709,334,004 |
|
Increase/Decrease
in Cash |
-433,360,667 |
-84,588,631 |
-211,484,982 |
|
Cash at the
Beginning of Year |
865,184,514 |
949,773,145 |
1,161,258,127 |
|
Cash at the
End of Year |
431,823,847 |
865,184,514 |
949,773,145 |
|
Main Products & Services |
Smelting, Refining and Alloys of Lead, Zinc and Tin |
|
Suppliers |
UNION STEEL CO., LTD.(110111-0041501) DONGBU STEEL CO., LTD.(110111-0393308) POSCO COATED & COLOR STEEL CO., LTD.(174611-0006492) |
|
Competitors |
SEUN STEEL CO., LTD. 3RD FL., SEUN INOVILLE, 859-16, BEOMCHEON
1-DONG, BUSANJIN-GU, TEL:+82-51-322-8765 FAX:+82-51-324-5846 SHILLA STEEL CO., LTD. 966, GALSAN-DONG, DALSEO-GU, TEL:+82-53-589-1230 FAX:+82-53-589-1249 DONG MYUNG STEEL CO., LTD. POSEUNG NATIONAL INDUSTRIAL COMPLEX, 584-1,
MANHO-RI, POSEUNG-EUP, PYEONGTAEK-SI, TEL:+82-31-680-7000 FAX:+82-31-680-7077 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Cooperative |
-Insured Company AIG FIRE INSURANCE CO., LTD. |
(Activity &
Markets)
The Subject deals with the companies in
No.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.31 |
|
|
1 |
Rs.88.06 |
|
Euro |
1 |
Rs.70.91 |
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.