MIRA INFORM REPORT

 

 

Report Date :           

20.03.2012

 

IDENTIFICATION DETAILS

 

Name :

SAE HAN STEEL CO., LTD.

 

 

Registered Office :

935-1, Gumuncheon-ri, Hyangnam-eup, Hwaseong-si, Gyeonggi-do, Korea, Zip Code 445-922

 

 

Country :

South korea

 

 

Date of Incorporation :

13.05.1996

 

 

Com. Reg. No.:

215-81-53850

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Manufacture of Hot Rolled, Drawn and Extruded Iron or Steel Products

 

 

No. of Employees :

08

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

SAE HAN STEEL CO., LTD.

(Korean Company Name : “(주)새한스틸”)

Registered Address

935-1, Gumuncheon-ri, Hyangnam-eup, Hwaseong-si, Gyeonggi-do, Korea

Zip Code

445-922

Tel

+ 82-31-366-5081

Fax

+ 82-31-366-5084

E-mail

mikcoon@hanmail.net;sbejj98@hanmail.net

Trading Address

935-1, Gumuncheon-ri, Hyangnam-eup, Hwaseong-si, Gyeonggi-do, Korea

Tel

+ 82-31-366-5081

Fax

+ 82-31-366-5084

Type

Export

Industry

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

  Sub Business

Manufacture of Hot Rolled, Drawn and Extruded Iron or Steel Products

Established (mm/dd/yyyy)

05/13/1996

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Sheet(30102500)

Sell

Steel plate(30102204)

Sell

Color Prime Steel

Sell

Galvanized Iron

 

 

CEO’s

 

Name

Kim Choon-Geol

Address

Rm.102-1513, 963, Dogok-dong, Gangnam-gu, Seoul, Korea

Date of Birth

03/27/1957

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

8

Formation

Co., Ltd by shares

Bank Details

Hana Bank-Osan Branch

Korea Exchange Bank

Corporate Registered No.

110111-1270787

Business Registered No.

215-81-53850

Permit & Licenses

Int’l Trade No.: 45076310

Shareholder Position

Name

Shares

%

KIM CHOON-GEOL

7,000

70.00

KWAK JUNG-SOOK

2,000

20.00

OTHERS

1,000

10.00

TOTAL

10,000

100.00

Company History

05/13/1996 Incorporated as the present name

11/2004 Awarded US$1 Million Export Top Prize

03/16/2005 Moved to 947-7, Goryeom-ri, Cheongbuk-myeon, Pyeongtaek-si, Gyeonggi-do, Korea from 137, Songsan-ri, Yanggam-myeon, Hwaseong-si, Gyeonggi-do, Korea

11/2006 Awarded US$3 Million Export Top Prize

02/16/2008 Moved to the present HQ address from 947-7, Goryeom-ri, Cheongbuk-myeon, Pyeongtaek-si, Gyeonggi-do, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Kim Choon-Geol

Male

Korean

05/13/1996

Director

M/S.

Kwak Jung-Sook

Female

Korean

08/26/2003

Director

Mr.

Lee Jong-Seob

Male

Korean

02/06/2004

Auditor

Mr.

Jun Myung-Chan

Male

Korean

07/23/2007

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

 

 

 

2008

 

 

 

2007

 

 

464,520,000

2006

4,668,972,000

2,186,581,000

45,235,000

2005

3,239,648,000

1,854,156,000

33,744,000

2004

4,245,328,000

778,188,000

104,498,000

2003

4,309,000,000

922,000,000

96,000,000

The latest & full 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

Metal Plates, Bars, Pipes, and Basic Metals

 

Trade Partners & Competitors

 

Customers

DONGKWANG STEE CO.(KOREA)

DONGWOO INDUSTRIES CO.(KOREA)

SHINWOO PRECISION CO.(KOREA)

Competitors

HANKOOK PRIME STEEL CO., LTD.

388-1, SAMNAK-DONG, SASANG-GU, BUSAN, KOREA

TEL:+82-51-303-6159  FAX:+82-51-303-6160

 

SONGEUN METAL CO., LTD.

48-179, SAMJEONG-DONG, OJEONG-GU, BUCHEON-SI, GYEONGGI-DO, KOREA

TEL:+82-32-682-4328  FAX:+82-32-682-9746

 

SAMWON STEEL CO., LTD.

752, DAEGAK-RI, DAESONG-MYEON, NAM-GU, POHANG-SI, GYEONGSANGBUK-DO, KOREA

TEL:+82-54-278-1983  FAX:+82-54-278-3597

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

SHINWON PANEL CO.(KOREA)

 

 

Sales by Region

 (Activity & Markets)

 

The Subject exports to Bangladesh.

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.12

UK Pound

1

Rs.79.37

Euro

1

Rs.66.02

 

 

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.