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Report Date : |
06.04.2014 |
IDENTIFICATION DETAILS
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Name : |
HANMI RESOURCES CO., LTD. |
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Registered Office : |
99-6, Garakbon-dong, Songpa-gu, Seoul, Korea Rm. 710,
Dongbu Sun-ville |
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Country : |
South Korea |
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Date of Incorporation : |
03.12.1999 |
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Com. Reg. No.: |
215-81-85482 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesale of Basic Metals |
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No. of Employees |
06 |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 is currently the world's 12th largest economy. 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. Korea's export focused economy was hit hard by the 2008 global economic downturn, but quickly rebounded in subsequent years, reaching 6.3% growth in 2010. The US-South Korea Free Trade Agreement was ratified by both governments in 2011 and went into effect in March 2012. Throughout 2012 and 2013 the economy experienced sluggish growth because of market slowdowns in the United States, China, and the Eurozone. The administration in 2014 is likely to face the challenge of balancing heavy reliance on exports with developing domestic-oriented sectors, such as services. The South Korean economy's long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports - which comprise about half of GDP
|
Source
: CIA |
Basic
|
Company Name |
HANMI RESOURCES CO., LTD. (Korean Company Name : “한미자원(주)”) |
|
Registered
Address |
99-6, Garakbon-dong, Songpa-gu, Seoul, Korea |
|
Building |
Rm. 710, Dongbu Sun-ville |
|
Zip Code |
138-754 |
|
Tel |
+82-2-402-1885 |
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Fax |
+82-2-409-1887 |
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E-mail |
skwon@hanresco.com;metal@hanresco.com |
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Website |
www.hanresco.com |
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Trading Address |
Rm. 710, Dongbu Sun-ville, 99-6, Garakbon-dong, Songpa-gu, Seoul, Korea |
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Tel |
+82-2-402-1885 |
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Fax |
+82-2-409-1885 |
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Other Address |
|
|
Tel |
|
|
Fax |
|
|
Type |
Export/Import |
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Industry |
Wholesale of Basic Metals |
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Main Business |
Steel Pipe, Tube, Steel Bar, Steel Wire, Wire Rods, Wire Ropes,
Galvanized Sheet, Prepainted Sheet, Tin Plate, Machinery |
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Sub Business |
Wholesale of Other Industrial Machinery and Equipment |
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Established
(mm/dd/yyyy) |
12/03/1999 |
The Subject owns
the premises of registered HQ address.
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Steel(11101704) |
|
Sell |
Mechanical wire(31151800) |
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Sell |
Steel channels(30101804) |
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Sell |
Foundry machines and equipment(23161500) |
|
Sell |
Iron bars(30101603) |
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Sell |
Rod(30102400) |
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Sell |
Iron plate(30102203) |
CEO’s
|
Name |
Kwon Sun-Lyul(Sunny L.) |
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Address |
Suite
102-1004, Dosan-daero 92-gil, Gangnam-gu,
Seoul, Korea |
|
Date of Birth |
12/05/1957 |
|
Title |
President
& CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
100,000,000 |
|
Employees |
6 |
|
Formation |
Co., Ltd by shares |
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Bank Details |
Korea Exchange
Bank-Garak Branch |
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Corporate
Registered No. |
110111-1820946 |
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Business
Registered No. |
215-81-85482 |
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Permit &
Licenses |
Int’l Trade No.: 11683603 |
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Shareholder
Position |
N/A |
|
Company
History |
12/03/1999
Incorporated as the present name 11/2004
Awarded US$3 Million Export Top Prize 11/2005
Awarded US$5 Million Export Top Prize 12/21/2005 Increased
capital to 100,000,000 KRW from 50,000,000 KRW |
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|
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Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President & CEO |
Mr. |
Kwon Sun-Lyul |
Male |
Korean |
12/03/1999 |
|
Director |
Mr. |
Ko Wook-Hyun |
Male |
Korean |
12/03/1999 |
|
Director |
Mr. |
Kim Beom-Sik |
Male |
Korean |
12/03/1999 |
|
Auditor |
M/S. |
Lee Young-Ja |
Female |
Korean |
12/03/1999 |
Financials
|
Year / Unit :
KRW |
Sales |
Assets |
Net Income |
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|
|
|
|
2012 |
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|
|
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2011 |
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|
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2010 |
17,000,000,000 |
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|
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2009 |
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2008 |
|
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2007 |
11,000,000,000 |
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|
|
2006 |
9,000,000,000 |
1,433,000,000 |
90,000,000 |
|
2005 |
9,440,000,000 |
457,000,000 |
86,000,000 |
|
2004 |
7,000,000,000 |
|
|
|
2003 |
3,977,000,000 |
|
|
The latest &
full financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
|
Authorized
Capital(KRW) |
200,000,000 |
|
Paid-Up
Capital(KRW) |
100,000,000 |
|
Total Issued
Shares |
20,000 |
Products,
Technologies, Services Description
|
Main Products
& Services |
Cold Rolled
Steel Galvanized
Steel Prepainted
Steel Tin Plate SAW, ERW
Pipes/Tubes Hot Finished
Steel Bars Cold Finished
Steel Bars QT Bars Angles,
Channels, H-Beams Railway Rails Cold Heading
Quality Wires Bearing Steel
Wire & Bars High Carbon
Wires, Ropes |
|
Detailed
Products Spec. |
|
|
Technologies
Acquired |
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Trade Partners &
Competitors
|
Suppliers |
|
|
Customers |
|
|
Competitors |
ILSHIN STEEL INTERNATIONAL CO., LTD. RM.603,
KYUNGSUNG BLDG., 814-1, SEOJEONG-DONG, PYEONGTAEK-SI, GYEONGGI-DO,
KOREA TEL:+82-31-666-8789
FAX:+82-31-668-8784 KOREA
STAINLESS METAL CO., LTD. 660-39, BONGAM-DONG,
MASAN-SI, GYEONGSANGNAM-DO, KOREA TEL:+82-55-299-6111
FAX:+82-55-299-6114 DUCKSOO METAL
CO., LTD. 1658-5,
SONGJEONG-DONG, GANGSEO-GU, BUSAN, KOREA TEL:+82-51-831-7177 FAX:+82-51-831-7185 |
Sales by Region
(Activity & Markets)
The Subject deals
with the companies in Australia, Iran, New Zealand, Saudi Arabia and USA.
Court Action
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.32 |
|
|
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIS |
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 |
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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 |
|
|
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 |
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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.