MIRA INFORM REPORT

 

 

Report Date :

11.05.2012

 

IDENTIFICATION DETAILS

 

Name :

KOMAS TECHNO CORP.

 

 

Registered Office :

152-2, Gamjeon-dong, Sasang-gu, Busan, Korea, Rm. 403, Uchang Bldg., Zip Code 617-721

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

17.02.2005

 

 

Com. Reg. No.:

606-81-90541

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesale of Basic Metals

 

 

No. of Employees :

03

 

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 :

No Complaints

 

 

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

KOMAS TECHNO CORP.

(Korean Company Name : “(주)코마스코퍼레이션”)

Registered Address

152-2, Gamjeon-dong, Sasang-gu, Busan, Korea

Building

Rm. 403, Uchang Bldg.

Zip Code

617-721

Tel

+82-51-316-4129

Fax

+82-51-316-4130

E-mail

komastec@komastec.co.kr

Website

www.komastec.co.kr

Trading Address

Rm. 403, Uchang Bldg., 152-2, Gamjeon-dong, Sasang-gu, Busan, Korea

Tel

+82-51-316-4129

Fax

+82-51-316-4130

Type

Export

Industry

Wholesale of Basic Metals

  Main Business

Stainless Steel Plate, Stainless Steel Coil

Established (mm/dd/yyyy)

02/17/2005

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Stainless steel plate(30102205)

Sell

Steel plate(30102204)

 

 

CEO’s

 

Name

Lee Sang-Ho

Address

Suite 103-1303, 93-8, Sajik-dong, Dongnae-gu, Busan, Korea

Date of Birth

01/18/1964

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

3

Formation

Co., Ltd by Shares

Bank Details

Busan Bank-Choryang Branch

Corporate Registered No.

180111-0510479

Business Registered No.

606-81-90541

Permit & Licenses

Int’l Trade No.: 12148950

Shareholder Position

N/A

Company History

11/2001 Established as KOMAS TECHNO CO.(Sole Proprietorship)

11/2004 Awarded US$ 1 Million Export Top Prize

02/17/2005 Incorporated as the present name

01/03/2008 Moved to the present HQ address from 152-2, Gamjeon-dong, Sasang-gu, Busan, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Lee Sang-Ho

Male

Korean

02/17/2005

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2011

 

 

 

2010

 

 

 

2009

7,700,000,000

 

 

2008

6,700,000,000

 

 

2007

3,335,000,000

753,000,000

86,000,000

2006

6,500,000,000

 

 

2005

 

 

 

The 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 Issues Shares

5,000

 

 

Balance Sheet

 

Unit : Million Korean Won

As of 12/31/2011

As of 12/31/2010

As of 12/31/2009

Total Assets

 

 

753

Current Assets

 

 

741

-Quick Assets

 

 

639

-Inventories

 

 

102

Fixed Assets

 

 

12

-Investment

 

 

7

-Tangibles

 

 

-

-Intangibles

 

 

5

Total Liabilities

 

 

379

Current Liabilities

 

 

372

Fixed Liabilities

 

 

7

Capital Stock

 

 

50

Capital Surplus

 

 

-

Profit Surplus

 

 

324

Capital Adjustment

 

 

-

Total Equity

 

 

374

Liab. & Shareholder’s Equity

 

 

753

 

 

Income Statement

 

Unit : Million Korean Won

As of 12/31/2011

As of 12/31/2010

As of 12/31/2009

Sales

 

 

3,335

Cost of Sold Goods

 

 

2,953

Gross Profit

 

 

382

Selling & Admin. Expenses

 

 

284

Operating Income

 

 

99

Non-Operating Income

 

 

10

Non-Operating Expenses

 

 

9

Ordinary Income

 

 

99

Special Income

 

 

-

Income Before Taxes

 

 

99

Income Taxes Expenses

 

 

13

Net Income

 

 

86

 

 

Products, Technologies, Services Description

 

Main Products & Services

Stainless Steel Sheet In Coils & Strips

Steel Strip & Strapping

Various Valves

Iron & Steel Castings

Ductile Iron Pipes & Fittings

Automobile Stamping Dies And Molds

Sintered St.Steel & Bronze Filters

Gasket Material (Rubber & Non Asbestos Sheet)

 

 

Trade Partners & Competitors

 

Customers

KOC(KUWAIT)

YSSPL(SINGAPORE)

RRVE(MEXICO)

APMSI(FINLAND)

Competitors

DAWOO STEEL TRADING CO., LTD.

D-2109, MOKDONG TWIN VILL, MOK 5-DONG, YANGCHEON-GU, SEOUL, KOREA

TEL:+82-2-2646-8027~9  FAX:+82-2-2646-8012~3

 

SUNGHO STEEL CO., LTD.

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

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

 

HAN MOO INC.

RM. 724, SUSEO HYUNDAI VENTURE VILLE, 713, SUSEO-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-3474-5154  FAX:+82-2-3474-5032

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to Bangladesh, China, Hong Kong, India, Pakistan and Vietnam.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.34

UK Pound

1

Rs.86.11

Euro

1

Rs.69.07

 

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.