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Report Date : |
18.02.2013 |
IDENTIFICATION DETAILS
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Name : |
GS GLOBAL CORP. |
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Formerly Known As : |
SSANGYONG CORPORATION |
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Registered Office : |
679, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea 10th FI., GS Gangnam
Tower 135-985 |
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Country : |
South Korea |
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|
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Financials (as on) : |
30.09.2012 |
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Date of Incorporation : |
31.07.1954 |
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Com. Reg. No.: |
202-81-33028 |
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Legal Form : |
Listed Company |
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Line of Business : |
Wholesale of Non-Specialized Goods |
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No. of Employees : |
235 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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 |
South Korea - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies, and currently is among the world's 20 largest economies. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea''s development model including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. With the global economic downturn in late 2008, South Korean GDP growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to recover, in large part due to export growth, low interest rates, and an expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade Agreement was ratified by both governments and is projected to go into effect in early 2012. The South Korean economy''s long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports - which comprise half of GDP.
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Source : CIA |
|
Company Name |
GS GLOBAL CORP. (Ex. Company Name : SSANGYONG CORPORATION |
|
Registered Address |
679, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea |
|
Building |
10th FI., GS Gangnam Tower |
|
Zip Code |
135-985 |
|
Tel |
+82-2-2005-5300 |
|
Fax |
+82-2-2005-5301 |
|
E-mail |
admin@sycorp.co.kr;shjeong@gsgcorp.com |
|
Website |
www.gsgcorp.com |
|
Trading Address |
10th FI., GS Gangnam Tower, 679, Yeoksam 1-dong, Gangnam-gu, Seoul,
Korea |
|
Tel |
+82-2-2005-8300 |
|
Fax |
+82-2-2005-8301 |
|
Other Address-Logistics Team |
381-5, Wonchang-dong, Seo-gu, Incheon, Korea |
|
Tel |
+82-32-573-8460 |
|
Fax |
+82-32-573-8465 |
|
Other Address-Leisure Sports Business |
154-2, Choil-dong, Hanam-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-792-5952 |
|
Fax |
+82-31-792-5993 |
|
Other Address-Machinery Import Team |
A-903, SK Twin Tech Tower, 345-9, Gasan-dong, Geumcheon-gu, Seoul,
Korea |
|
Tel |
+82-2-866-5600 |
|
Fax |
+82-2-862-5649 |
|
Type |
Export/Import |
|
Industry |
Wholesale of Non-Specialized Goods |
|
Main Business |
Iron & Steel Products, Chemicals, Cement, Machinery, Plants |
|
Established (mm/dd/yyyy) |
07/31/1954 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Clothing(53100000) |
|
Sell |
Steel(11101704) |
|
Sell |
Cement(30111601) |
|
Sell |
Network service equipment(43222600) |
|
Sell |
Cooking or table salt(50171551) |
|
Sell |
Inorganic compounds(12352300) |
|
Sell |
Processed and synthetic rubber(13101600) |
|
Sell |
Storage(78130000) |
|
Sell |
Solid and gel fuels(15101600) |
|
Sell |
Chemicals including Bio Chemicals and Gas Materials(12000000) |
|
Sell |
Industrial Manufacturing and Processing Machinery and
Accessories(23000000) |
|
Name |
Jung Taik-Keun |
|
Address |
|
|
Date of Birth |
11/30/1953 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
56,334,410,000 |
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|
Employees |
235 |
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|
Formation |
Listed Company(Korea Stock Exchange : 001250) as of 06/27/1976 A Company of GS Group |
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Bank Details |
Shinhan Bank-Central Branch Woori Bank |
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Corporate Registered No. |
110111-0031479 |
||||||||||||||||||
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Business Registered No. |
202-81-33028 |
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Permit & Licenses |
Int’l Trade No.: 670203 |
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Shareholder Position |
|
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Company History |
07/31/1954 Incorporated as Kumsung
Industries Co., Ltd. 03/20/1972 Changed company name to
Ssangyong Industries Co., Ltd. 05/27/1975 Designated as a general trading company 12/01/1975 Changed company name to SSANGYONG CORPORATION 11/2009 Moved to the present HQ address from 24-1, Jeodong 2-ga,
Jung-gu, Seoul, Korea 07/21/2009 Changed company name to the present name 11/2009 Moved to the present HQ address from 24-1, Jeo-dong 2-ga,
Jung-gu, Seoul, Korea |
||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
President & CEO |
Mr. |
Jung Taik-Keun |
Korean |
1953.11.30 |
Yonsei University, Korea |
|
Executive Director & CFO |
Mr. |
Kim Seok-Hwan |
Korean |
1962.12.12 |
Korea University, Korea |
|
Director |
Mr. |
Seo Kyung-Seok |
Korean |
1947.12.23 |
Seoul National University, Korea |
|
Director |
Mr. |
Kim Byung-Yeol |
Korean |
1954.10.01 |
Seoul National University, Korea |
|
Director |
Mr. |
Yoon Il-Joong |
Korean |
1953.07.29 |
Busan National University, Korea |
|
Outside Director |
Mr. |
Lee Soo-Ho |
Korean |
1944.02.08 |
Yonsei University, Korea |
|
Outside Director |
Mr. |
Ahn Jong-Won |
Korean |
1948.01.24 |
Yonsei University, Korea |
|
Outside Director |
Mr. |
Kim Young-Seob |
Korean |
1950.02.13 |
Korea University, Korea |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2,096,582,169,910 |
679,341,897,565 |
12,005,897,091 |
|
|
(*)2011 |
2,288,493,847,484 |
632,929,118,289 |
18,422,072,724 |
|
(*)2010 |
1,400,513,382,625 |
396,904,204,642 |
17,715,868,485 |
|
2009 |
1,153,563,497,667 |
152,504,740,325 |
24,401,357,182 |
|
2008 |
1,303,117,078,277 |
145,633,611,686 |
27,205,755,897 |
|
2007 |
1,050,359,245,212 |
106,953,182,431 |
9,588,004,175 |
|
2006 |
936,707,087,308 |
126,790,504,103 |
7,139,644,578 |
|
2005 |
1,476,005,249,828 |
195,240,508,293 |
1,856,850,261 |
|
2004 |
1,479,830,933,063 |
238,510,768,978 |
9,274,434,544 |
(*)Figures are based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
1,000,000,000,000 |
|
Paid-Up Capital(KRW) |
56,334,410,000 |
|
Total Issues Shares |
22,533,764 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
679,341,897,565 |
632,929,118,289 |
396,904,204,642 |
|
Current Assets |
447,379,919,538 |
430,365,555,871 |
252,809,449,489 |
|
Cash & Cash Equivalents |
94,148,032,415 |
82,399,212,466 |
23,347,341,585 |
|
Current Financial Instruments |
1,456,595,102 |
1,225,083,835 |
1,201,686,571 |
|
Trade Receivables & Other
Receivables |
294,256,295,665 |
275,123,473,267 |
174,042,007,194 |
|
Current Non-Financial Instruments |
13,216,909,863 |
20,635,747,298 |
10,516,694,127 |
|
Prepaid Taxes |
156,374,978 |
282,737,767 |
89,664,651 |
|
Inventories |
44,145,711,515 |
50,699,301,238 |
43,612,055,361 |
|
Non-Current Assets |
231,961,978,027 |
202,563,562,418 |
144,094,755,153 |
|
Non-Current Financial Instruments |
6,999,154,666 |
6,977,856,424 |
5,409,753,576 |
|
Investment_Related Companies |
161,451,291,199 |
154,398,159,094 |
105,896,437,174 |
|
Investment_Real Estates |
|
|
500,053,695 |
|
Tangibles |
2,163,062,193 |
2,423,668,789 |
2,068,457,349 |
|
Intangibles |
7,692,556,981 |
8,021,920,199 |
6,217,080,419 |
|
Long-Term Trade Receivables &
Other Receivables |
34,037,186,512 |
11,107,807,122 |
8,906,342,766 |
|
Non-Current Portion of
Non-Finance Asssets |
- |
15,424,314 |
- |
|
Deferred Income Tax Assets |
19,618,726,476 |
19,618,726,476 |
15,096,630,174 |
|
Total Liabilities |
427,940,268,319 |
390,967,308,715 |
305,333,987,341 |
|
Current Liabilities |
386,154,288,445 |
390,957,464,026 |
300,461,262,267 |
|
Trade Payables & Other Payables |
204,716,529,266 |
186,528,547,527 |
119,862,340,826 |
|
Short-Term Borrowings |
165,168,342,374 |
178,963,508,026 |
165,619,532,872 |
|
Other Current Financial Debts |
2,867,246,965 |
1,136,170,872 |
761,110,693 |
|
Other Current Non-Financial Debts |
13,402,169,840 |
24,329,237,601 |
14,218,277,876 |
|
Non-Current Liabilities |
41,785,979,874 |
9,844,689 |
4,872,725,074 |
|
Long-Term Trade Payables &
Other Payables |
9,560,156 |
9,844,689 |
12,850,853 |
|
Long-Term Borrowings |
40,381,460,000 |
- |
- |
|
Provision for Severance &
Retirement |
1,394,959,718 |
- |
4,859,874,221 |
|
Capital Stock |
56,334,410,000 |
56,334,410,000 |
28,167,205,000 |
|
Capital Surplus |
126,145,517,815 |
126,145,517,815 |
15,715,484,447 |
|
Others |
-861,577,131 |
-1,107,399,962 |
-376,988,573 |
|
Profit Surplus |
69,783,278,562 |
60,589,281,721 |
48,064,516,427 |
|
Total Equity |
251,401,629,246 |
241,961,809,574 |
91,570,217,301 |
|
Liab. & Shareholder’s Equity |
679,341,897,565 |
632,929,118,289 |
396,904,204,642 |
|
Income Statement |
|||
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
2,096,582,169,910 |
2,288,493,847,484 |
1,400,513,382,625 |
|
Cost of Sold Goods |
2,046,922,804,294 |
2,231,581,683,422 |
1,356,958,388,468 |
|
Gross Profit |
49,659,365,616 |
56,912,164,062 |
43,554,994,157 |
|
Selling Expenses |
9,087,236,123 |
10,714,215,634 |
7,301,295,350 |
|
Admin. Expenses |
27,047,054,303 |
29,322,709,774 |
23,053,228,639 |
|
Other Operating Income |
51,696,763,534 |
85,275,105,161 |
32,096,473,996 |
|
Other Operating Expenses |
49,607,538,402 |
86,042,402,259 |
30,461,116,416 |
|
Operating Income |
15,614,300,322 |
16,107,941,556 |
14,835,827,748 |
|
Finance Income |
1,367,062,915 |
2,175,920,918 |
3,413,844,486 |
|
Finance Expenses |
5,203,216,146 |
3,844,912,086 |
5,892,040,152 |
|
Profits from Stocks Disposal |
227,750,000 |
-5,872,235 |
5,358,236,403 |
|
Income Before Taxes |
12,005,897,091 |
14,433,078,153 |
17,715,868,485 |
|
Income Taxes Expenses |
- |
-3,988,994,571 |
- |
|
Net Income |
12,005,897,091 |
18,422,072,724 |
17,715,868,485 |
|
Cash Flows |
|||
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Operating Activities Cash Flows |
22,345,854,263 |
-31,146,180,514 |
-33,474,699,727 |
|
-Net Income |
12,005,897,091 |
18,422,072,724 |
17,715,868,485 |
|
-Exp. without Cash Outflow |
20,386,113,385 |
10,765,567,157 |
10,390,148,004 |
|
-Revenue without Cash Inflows |
-11,147,235,780 |
-9,452,346,678 |
-11,562,017,520 |
|
-Changes in Asset/ & Liability |
1,144,572,489 |
-50,859,668,198 |
-49,360,853,478 |
|
Cash Flows from Operating |
-43,492,922 |
-21,805,519 |
-657,845,218 |
|
Cash Flows from Investing |
-37,313,240,708 |
-54,799,015,885 |
-82,329,371,729 |
|
-Cash Inflow from Investing |
6,328,758,705 |
1,031,512,717 |
17,987,624,204 |
|
-Cash Outflows for Investing |
-43,641,999,413 |
-55,830,528,602 |
-100,316,995,933 |
|
Cash Flows from Financing |
26,716,206,394 |
144,997,067,280 |
92,362,880,240 |
|
-Cash Inflows from Financing |
208,491,614,670 |
321,308,249,667 |
147,533,149,746 |
|
-Cash Outflows from Financing |
-181,775,408,276 |
-176,311,182,387 |
-55,170,269,506 |
|
Increase/Decrease in Cash |
11,748,819,949 |
59,051,870,881 |
-23,441,191,216 |
|
Cash at the Beginning of Year |
82,399,212,466 |
23,347,341,585 |
46,788,532,801 |
|
Cash at the End of Year |
94,148,032,415 |
82,399,212,466 |
23,347,341,585 |
|
Main Products & Services |
CEMENT MATERIAL Cement, Cement Clinker, Special
Cement(Micem, Etc) ENERGY -Bituminous Coal, Anthracite -Gypsum, Petroleum Coke PETROCHEMICAL -Aromatics -Fiber Intermediates -Polymers (Plastics) -Chemical products STEEL & METAL MACHINERY -Industrial Products & Materials -Sparkignition Engine, Engine Parts, Water
Pump, Lawn Mower, Brush Cutter LOGISTICS SERVICES -PDI (Pre-Delivery Inspection) Service LEISURE SPORTS BUSINESS |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
HONDA(JAPAN) GS-CALTEX CORPORATION(110111-0078819) |
|
Customers |
GS GLOBAL JAPAN CORPORATION GS GLOBAL AUSTRALIA PTY LTD. NISSAN KOREA CO., LTD.(110111-2957508) HONDA KOREA CO., LTD.(110111-2362418) |
|
Competitors |
SK NETWORKS CO., LTD. 4, PYEONG-DONG, GWONSEON-GU, SUWON-SI,
GYEONGGI-DO 441-230 KOREA TEL:+82-2-2221-2016 FAX:+82-2-2221-0080 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS HYUNDAI CORPORATION HUNGKUK LIFE INSURANCE BD 226, SINMUNNO
1-GA, JONGNO-GU, SEOUL 110-786 KOREA TEL:+82-2-390-1114 FAX:+82-2-390-1101 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS DAEWOO INTERNATIONAL CORPORATION DAEWOO CENTER BLDG., 541, NAMDAEMUNNO 5-GA,
JUNG-GU, SEOUL 100-714 KOREA TEL:+82-2-759-2114 FAX:+82-2-753-9489 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS HYOSUNG CORPORATION HYOSUNG BLDG., 450, GONGDEOK 2-DONG,
MAPO-GU, SEOUL 121-720 KOREA TEL:+82-2-707-7000 FAX:+82-2-707-0130 INDUSTRY: MAN-MADE FIBERS SPINNING SAMSUNG C&T CORPORATION 310, TAEPYEONGNO 2-GA, JUNG-GU, SEOUL
100-865 KOREA TEL:+82-2-2145-2114 FAX:+82-2-2145-3114 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS LG INTERNATIONAL CORPORATION 12TH FL., LG TWIN TOWER EAST ANNEX, 20,
YEOUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-3773-5034 FAX:+82-2-3773-5034 INDUSTRY: WHOLESALE OF NON-SPECIALIZED GOODS |
|
Affiliates |
GS HOLDINGS CORP. (110111-3045112) GS HOME SHOPPING INC. (110111-1111444) COSMO CHEMICALCO., LTD (110111-0152738) GS ENGINEERING & CONSTRUCTION CORPORATION(110111-0002694) SAMYANG TONGSANG LTD GS-CALTEX CORPORATION (110111-0078819) GS POWER (134111-0074744) HAEYANG CITY GAS CO., LTD (200111-0004906) SEORABEOL CITY GAS CO.,LTD (171211-0024180) OIL CHAIN CORPORATION (110111-2194754) GS FUELCELL CO.LTD. (160111-0108202) GS RETAIL (110111-0090037) GSWATSONS (110111-3136474) KOREA CABLE TV ULSAN STATION
(181211-0045481) GS TELESERVICE (110111-2618192) GS SPORTS.LTD (110111-3024330) HAMOO DEVELOMET CO., LTD (110111-0411142) XI SERVICE (110111-3141720) SAMYANG INT'L CO., LTD. (110111-0424848) BOHEUN DEVELOPMENT CO., LTD.
(110111-1557573) COMTECH INTERNATIONAL OKSAN DISTRIBUTION (110111-1426108) S M COMPANY LTD (110111-1308124) GS NEOTEK (110111-0166953) EZVILLE INC. (110111-1934557) CENTRAL MOTORS CORP. (131111-0101912) SUNGSAN GROUP CORPORATION (110111-0110653) SLS LTD (110111-1632424) SUNGSAN LEISURE INC (141111-0022893) YEOSU-WHAMUL INC (204714-0001033) WANNA NET COSMO FINE CHEMICALS CO.,
LTD.(110111-0531205) COSMO INDUSTRIAL CO.LTD (150111-0077722) SMARTRO CO., LTD (110111-1536189) COSMO & COMPANY CO., LTD.
(110111-0298243) COSMO CORPORATION CO., LTD.(110111-2559354) COSMO INET (110111-2559362) ISURF INC. (110111-2197047) LANDMARK ASIA, INC. (110111-2219411) DREAM SPORTS COSMO S&F MARUMAN KOREA (131111-0093953) DH CLUB.COM ESTECH ESTIMATE CORP. (110111-3253583) NEXTATION.CO.,LTD. (110111-2123571) UIJEONGBU LIGHT RAIL TRANSIT CO., LTD
(280111-0071743) STSLOGISTICS INC. (110111-1999197) GS EPS KANGNAM CABLE SYSTEM INC. (110111-1009780) ITMEXSYI (110111-3451731) GLS SERVICE CORP. (110111-3532846) |
|
Overseas Office |
TOKYO TEL:+81-3-3434-1515/8537
FAX:+81-3-3434-3856 E-MAIL : HJKIM@SYCORP.CO.KR 7TH FL, MORI BLDG, EDOMIZAKA 1-40, 4-CHOME,
TORANOMON MINATO-KU, TOKYO, JAPAN OSAKA TEL:+81-6-282-1414~8, 282-1421~3
FAX:+81-6-282-1420 E-MAIL : DISON@SYCORP.CO.KR 8TH FL., HOMMACHI YAMAMOTO BLDG., 1-10,
4-CHOME, MINAMI-HOMMACHI CHOU-KU, OSAKA, JAPAN U.S.A L.A. HEAD OFFICE TEL:+1-562-906-0799 FAX:+1-562-941-9890 E-MAIL : CKIM@SYCORP.CO.KR 10504 PIONEER BLVD/SANTA FE SPRINGS CA
90670 U.S.A. N.J. BRANCH TEL:+1-201-585-7202 FAX:+1-201-585-7205 E-MAIL : CKIM@SYCORP.CO.KR 2125 CENTER AVE, SUITE #107 FORP LEE,
NJ07024 |
|
Overseas Office |
SHANGHAI TEL:+86-21-6440-0321 FAX:+86-21-6440-0334 E-MAIL : THOMAS@SYCORP.CO.KR RM, 181 I/J ZHAO FENG UNIVERSE BLDG,
NO.1800 ZHONG SHAN WEST ROAD, SHANGHAI P.R.CHINA 200233 CHINA BEIJING TEL:+86-10-6510-1299 FAX:+86-10-6510-1239 E-MAIL : KHAHN@SYCORP.CO.KR RM. 1117, BEIJING BRIGHT CHINA CHANG AN
BUILDING NI.7, JIANGUOMEN NEI AVENUE DONGCHENG DISTRICT BEIJING P.R.C DALIAN TEL:+86-411-8230-2555 FAX:+86-411-8230-3838 E-MAIL : JYEE@SYCORP.CO.KR RM, 1209, SWISSOTEL DALIAN, 21 WUHUI ROAD,
DALIAN, CHINA GUANGZHOU TEL:+86-20-8752-0586 FAX:+86-20-8752-0508 E-MAIL : DOLEE@SYCORP.CO.KR RM. 5406, CITIC PLAZA 233, TIAN HE NORTH
ROAD, GUANGZHOU, CHINA HONGKONG TEL:+852-2542-3151 FAX:+852-2544-9342 E-MAIL : HSKKIM@SYCORP.CO.KR RM. 609. WING ON CENTER 111, CONNAUGHT ROAD
CENTRAL, HONG KONG, CHINA TAIPEI TEL:+886-2-2775-3777 FAX:+866-2-2772-4526 E-MAIL : TPETSOU@SYCORP.CO.KR RM. 703,148 CHUNGHSIAO EAST ROAD, SEC. 4,
TAIPEI, TAIWAN, R.O. CHINA |
|
Overseas Office |
KUALA LUMPUR TEL:+60-3-2162-3635 FAX:+60-3-2162-3807 E-MAIL : SMKIM@SYCORP.CO.KR SUITE 1707, 17TH FLOOR PERNAS INT’S BLDG.,
JALAN SULTAN ISMAIL 50250 KUALA LUMPUR, MALAYSIA SINGAPORE TEL:+65-6334-2550 FAX:+65-6337-4898 7 TEMASEK BOULEVARD #32-03 SUNTEC TOWER ONE
SINGAPORE 038987 JAKARTA TEL:+62-21-5296-3283 FAX:+62-21-5296-3284 E-MAIL : MGPARK@SYCORP.CO.KR KOREA CENTRE BLDG., #302 JI, JEND. GATOT
SUBROTO KAV. 57~58 JAKARTA, SELATAN 12950 NEW DELHI TEL:+91-11-5132-3704 FAX:+91-11-5132-5649 E-MAIL : KSHAN@SYCORP.CO.KR #9 RING ROAD, LAJPAT NAGAR Ⅳ, NEW DELHI-110024, INDIA HANOI TEL
: 84-4-772-4183 FAX : 84-4-772-4184 E-MAIL : LULURARA@SYCORP.CO.KR UNIT 705 FORTUNA OFFICE BUILDING 6B LANG
HA, BA DINH, HANOI, VIETNAM |
|
Overseas Office |
BANGKOK TEL:+66-2-655-5609 FAX:+66-2-655-5611 E-MAIL : SSYBKK@SYCORP.CO.KR 29 VANISSA BLDG., 4TH FLR. SOI CHILDOM,
LANGSUAN ROAD, LUMPINI, PATHUMWAN DISTRICT BANGKOK 10330, THAILAND RIYADH TEL:+966-1-473-0622,0266
FAX:+966-1-479-1848 E-MAIL : DHKANG@SYCORP.CO.KR RM. 303, AL AKARIYAH BLDG. AL SITEEN ST.,
RIYADH 11683 SAUDI ARABIA FRANKFURT TEL:+49-6196-481756~7 FAX:+49-6196-43439 E-MAIL : JHSONG@SYCORP.CO.KR T.O.PA.S.1. MERGENTHALERALLE 77 65760,
ESCHBORM, GERMANY SYDNEY, AUSTRALIA TEL:+61-2-9954-0911 FAX:+61-2-9954-0919 E-MAIL : YJIN@SYCORP.CO.KR LEVEL 5 107 MOUNT STREET, NORTH SYDNEY,
NSW2060 AUSTRALIA |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
PLS CO., LTD.(131311-0093131) (90.0% held by the subject company) |
|
Subsidiary |
SSANGYONG (U.S.A) INC. (100.0% held by the subject company) GS GLOBAL JAPAN CORPORATION (100.0% held by the subject company) GS GLOBAL AUSTRALIA PTY LTD. (100.0% held by the subject company) SSANGYONG SINGAPORE PTE LTD. (100.0% held by the subject company) GS GLOBAL (H.K) CO., LTD. (100.0% held by the subject company) SSANGYONG RESOURCES PTY LTD. (100.0% held by the subject company) GS GLOBAL EUROPE GMBH (100.0% held by the subject company) SSANYONG SLAG & MATERIALS CO.,
LTD.(211111-0015835) (36.0% held by the subject company) GS GLOBAL (SUZHOU) STEEL SERVICE CENTER
CO., LTD. |
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
|
|
Sales/ Unit :Mil KRW |
09/2010 |
2010 |
2009 |
|
Export |
1,552,524 |
1,181,085 |
1,096,487 |
|
Domestic |
473,572 |
449,110 |
34,803 |
|
Others |
17,010 |
18,331 |
22,273 |
|
Total |
2,043,106 |
1,648,526 |
1,153,563 |
The Subject deals with the companies in
Australia, China and USA.
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
Makati Court, Philippines |
The Subject Company |
UNIMARINE |
Claim for Compensation |
US$1,530,000 |
Proceeding |
|
|
|
The Subject Company |
AKRAM |
- |
USD 61,000 |
Proceeding |
|
|
India High Court, India |
D.O.T(India Post Office Authority) |
The Subject Company |
Claim for Compensation |
US$1,692,000 |
Proceeding |
|
|
Federal Supreme Court, Brazil |
ELDORADO |
The Subject Company |
Confirmation on Not Existing Debts |
US$2,662,000 |
Proceeding |
|
|
Sao Paolo State Court, Brazil |
Park Kil-Soo |
The Subject Company |
Claim for Compensation |
US$3,013,000 |
Proceeding |
Not Available
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.99 |
|
|
1 |
Rs.83.72 |
|
Euro |
1 |
Rs.72.08 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.