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Report Date : |
26.09.2012 |
IDENTIFICATION DETAILS
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Name : |
UNION PIPE MFG. CO., LTD. |
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Registered Office : |
11-1, Yangsu-ri, Okcheon-eup, Okcheon-gun, |
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Country : |
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Financials (as on) : |
30.06.2009 |
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Date of Incorporation : |
15.01.1998 |
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Com. Reg. No.: |
229-81-30759 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Pipes and Tubes, Non-cast Iron or Steel |
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No. of Employees : |
23 |
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RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Source
: CIA
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Company
Name |
UNION PIPE MFG. CO.,
LTD. (Korean Company
Name : “연합농원파이프(주)”) |
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Registered Address |
11-1, Yangsu-ri, Okcheon-eup, Okcheon-gun,
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Building |
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Zip Code |
373-802 |
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Tel |
+82-43-731-9711~3 |
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Fax |
+82-43-731-4582 |
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E-mail |
uspipe@uspipe.co.kr |
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Website |
www.uspipe.co.kr |
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Trading Address |
11-1, Yangsu-ri, Okcheon-eup, Okcheon-gun,
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Tel |
+82-43-731-9711~3 |
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Fax |
+82-43-731-4582 |
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Type |
Export |
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Industry |
Manufacture of Pipes and Tubes, Non-cast Iron or Steel |
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Main Business |
Pipes and Tubes |
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Established (mm/dd/yyyy) |
01/15/1998 |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Tube and tubing(31231300) |
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Sell |
Steel tubing(31231310) |
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Name |
Seul Dong-Woo |
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Address |
14-3, Anteo 1-gil,
Dongi-myeon, Okcheon-gun, |
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Date of Birth |
07/26/1954 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
500,000,000 |
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Employees |
23 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Shinhan Bank-Bangbae Dong Branch |
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Corporate Registered No. |
110111-1503427 |
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Business Registered No. |
229-81-30759 |
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Permit & Licenses |
04/2000 KS Mark Int’l Trade No.: 11593496 |
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Shareholder Position |
N/A |
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Company History |
01/15/1998 Incorporated as the present name 06/03/2006 Designated as a Venture Business 09/23/2009 Designated as an INNO-BIZ
Company 01/03/2011 Moved to the present HQ address
from 830-35, Yeoksam-dong, Gangnam-gu, |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Seul Dong-Woo |
Male |
Korean |
02/28/2004 |
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Director |
Mr. |
Lee Pyung-Soo |
Male |
Korean |
01/15/1998 |
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Director |
Mr. |
Cho Je-Soo |
Male |
Korean |
02/28/2001 |
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Auditor |
M/S. |
Lee Soon-Ja |
Female |
Korean |
09/30/2007 |
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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06/2010 |
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06/2009 |
35,790,000,000 |
9,176,000,000 |
183,000,000 |
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06/2008 |
30,935,000,000 |
6,691,000,000 |
338,000,000 |
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06/2007 |
24,526,000,000 |
5,329,000,000 |
195,000,000 |
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06/2006 |
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06/2005 |
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The latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
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Authorized Capital(KRW) |
2,000,000,000 |
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Paid-Up Capital(KRW) |
500,000,000 |
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Total Issues Shares |
100,000 |
Balance
Sheet
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|||
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Unit : Korean Won |
As of 06/30/2010 |
As of 06/30/2009 |
As of 06/30/2008 |
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Total Assets |
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9,176,000,000 |
6,691,000,000 |
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Current Assets |
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8,454,000,000 |
5,867,000,000 |
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-Quick Assets |
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4,288,000,000 |
1,576,000,000 |
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-Inventories |
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4,166,000,000 |
4,291,000,000 |
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Fixed Assets |
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722,000,000 |
824,000,000 |
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-Investment |
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3,000,000 |
2,000,000 |
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-Tangibles |
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496,000,000 |
585,000,000 |
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-Intangibles |
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114,000,000 |
94,000,000 |
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Total Liabilities |
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6,837,000,000 |
4,507,000,000 |
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Current Liabilities |
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4,162,000,000 |
2,107,000,000 |
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Fixed Liabilities |
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2,675,000,000 |
2,400,000,000 |
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Capital Stock |
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500,000,000 |
500,000,000 |
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Capital Surplus |
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- |
- |
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Profit Surplus |
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1,842,000,000 |
1,687,000,000 |
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Capital Adjustment |
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-3,000,000 |
-3,000,000 |
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Total Equity |
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2,339,000,000 |
2,184,000,000 |
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Liab. & Shareholder’s Equity |
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9,176,000,000 |
6,691,000,000 |
Income
Statement
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|||
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Unit : Korean Won |
As of 06/30/2010 |
As of 06/30/2009 |
As of 06/30/2008 |
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Sales |
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35,790,000,000 |
30,935,000,000 |
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Cost of Sold Goods |
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32,898,000,000 |
27,955,000,000 |
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Gross Profit |
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2,892,000,000 |
2,981,000,000 |
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Selling & Admin. Expenses |
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2,495,000,000 |
2,377,000,000 |
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Operating Income |
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397,000,000 |
604,000,000 |
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Non-Operating Income |
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522,000,000 |
158,000,000 |
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Non-Operating expenses |
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718,000,000 |
350,000,000 |
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Income Before Taxes |
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201,000,000 |
411,000,000 |
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Income Taxes Expenses |
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18,000,000 |
73,000,000 |
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Net Income |
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183,000,000 |
338,000,000 |
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Main Products & Services |
Pipes and Tubes |
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Competitors |
SEAH STEEL CORPORATION URI BLDG., 10, BONGNAEDONG 1-GA, JUNG-GU, TEL:+82-2-3783-8114 FAX:+82-2-3783-8188 GANA STAINLESS STEEL CO., LTD. 1042, CHANGGOK-RI, PALTAN-MYEON,
HWASEONG-SI, TEL:+82-31-352-4292 FAX:+82-31-354-1305~6 JINBANG STEEL KOREA CO., LTD. 605, TEL:+82-54-289-5700 FAX:+82-54-278-0421 |
(Activity &
Markets)
The Subject exports
to
--
--
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.53 |
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|
1 |
Rs.86.82 |
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Euro |
1 |
Rs.69.03 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.