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Report Date : |
17.02.2014 |
IDENTIFICATION DETAILS
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Name : |
UNIMETAL CO., LTD. |
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Formerly Known as: |
UNIMETAL CO.(Sole Proprietorship) |
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Registered Office : |
35, Centum Dong-Ro, Haeundae-Gu, Busan, Korea, Rm. 708, Centum SH Valley, Zip Code 612-020 |
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Country : |
South Korea |
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|
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
04.01.2005 |
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Com. Reg. No.: |
613-81-36040 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
· Wholesaler of Basic Metals such Ferroalloy, Non Ferrous Metals & Metal powders · Manufacturer of Other Smelting, Refining and Alloys of Non-ferrous Metals |
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No. of Employees : |
16 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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 – 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 |
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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 |
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 the economy
experienced sluggish growth because of market slowdowns in the United States,
China, and the Eurozone. The incoming administration in 2013, following the
December 2012 presidential election, is likely to face the challenges 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 half of GDP.
|
Source : CIA |
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Company
Name |
UNIMETAL CO.,
LTD. (Korean Company Name : “(주)유니메탈”) |
|
Registered Address |
35, Centum dong-ro, Haeundae-gu, Busan, Korea |
|
Building |
Rm.
708, Centum SH Valley |
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Zip Code |
612-020 |
|
Tel |
+82-51-741-3895 |
|
Fax |
+82-51-741-3896 |
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E-mail |
|
|
Website |
|
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Trading
Address |
Rm. 708, Centum SH Valley, 35, Centum
dong-ro, Haeundae-gu, Busan, Korea (Old Address System : Rm. 708, Centum SH Valley, 1474, U-dong,
Haeundae-gu, Busan, Korea) |
|
Tel |
+82-51-741-3895 |
|
Fax |
+82-51-741-3896 |
|
Type |
Export/Import |
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Industry |
Wholesale
of Basic Metals |
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Main Business |
Ferroalloy, Non Ferrous Metals & Metal powders |
|
Sub
Business |
Manufacture
of Other Smelting, Refining and Alloys of Non-ferrous Metals |
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Established (mm/dd/yyyy) |
01/04/2005 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Base
Metals(11101700) |
|
Name |
Kim
Gyeong-Uk |
|
Address |
Suite 305-1201, 60-3, Jamwon-dong,
Seocho-gu, Seoul, Korea |
|
Date of Birth |
06/26/1970 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
50,000,000 |
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Employees |
16 |
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Formation |
Co.,
Ltd by Shares |
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Bank Details |
Kookmin Bank-Gwanak Branch Industrial Bank of Korea |
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Corporate Registered No. |
195411-0011119 |
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Business Registered No. |
613-81-36040 |
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Permit & Licenses |
05/2005 ISO 9001 Int’l
Trade No.: 30599509 |
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Shareholder Position |
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Company History |
07/2003 Established as UNIMETAL CO.(Sole Proprietorship) 01/04/2005 Incorporated as the present name |
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Kim
Gyeong-Uk |
Male |
Korean |
09/08/2011 |
|
Director |
M/S. |
Lim Young-Ae |
Female |
Korean |
09/08/2011 |
|
Auditor |
Mr. |
Kim Kil-Soon |
Male |
Korean |
03/29/2013 |
|
Year / Unit
: KRW |
Sales |
Assets |
Net Income |
|
2012 |
71,139,425,036 |
18,510,344,512 |
-468,411,127 |
|
2011 |
80,604,082,623 |
17,874,235,639 |
1,023,641,330 |
|
2010 |
70,568,732,388 |
14,527,379,258 |
1,010,763,653 |
|
2009 |
|
|
|
|
2008 |
|
|
|
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Authorized Capital(KRW) |
200,000,000 |
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Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issued Shares |
10,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of
12/31/2012 |
As of
12/31/2011 |
As of
12/31/2010 |
|
Total Assets |
18,510,344,512 |
17,874,235,639 |
14,527,379,258 |
|
Current Assets |
12,346,823,575 |
15,660,247,281 |
12,350,942,994 |
|
-Quick
Assets |
7,950,514,952 |
8,948,991,734 |
7,061,340,173 |
|
-Inventories |
4,396,308,623 |
6,711,255,547 |
5,289,602,821 |
|
Fixed
Assets |
6,163,520,937 |
2,213,988,358 |
2,176,436,264 |
|
-Investment |
1,147,755,826 |
1,011,310,185 |
1,060,272,138 |
|
-Tangibles |
4,787,698,691 |
871,001,753 |
907,399,126 |
|
-Intangibles |
228,066,420 |
331,676,420 |
208,765,000 |
|
Total Liabilities |
15,363,642,763 |
14,237,753,237 |
10,664,428,680 |
|
Current Liabilities |
13,350,768,324 |
13,957,385,878 |
9,250,328,681 |
|
Fixed Liabilities |
2,012,874,439 |
280,367,359 |
1,414,099,999 |
|
Capital Stock |
50,000,000 |
50,000,000 |
50,000,000 |
|
Capital Surplus |
|
|
|
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Profit Surplus |
3,096,644,680 |
3,586,591,908 |
3,812,950,578 |
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Capital Adjustment |
57,069 |
-109,506 |
- |
|
Total Equity |
3,146,701,749 |
3,636,482,402 |
3,862,950,578 |
|
Liab. & Shareholder’s Equity |
18,510,344,512 |
17,874,235,639 |
14,527,379,258 |
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Current Liabilities |
13,350,768,324 |
13,957,385,878 |
9,250,328,681 |
|
Trade Payables |
3,031,177,127 |
2,837,234,984 |
2,863,370,791 |
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Short-Term Borrowings |
9,520,352,833 |
8,884,187,063 |
5,801,438,022 |
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Account Payables |
63,229,945 |
95,064,002 |
91,798,454 |
|
Advance Receipts |
1,098,423 |
- |
92,972,010 |
|
Withholdings |
34,177,914 |
221,885,260 |
19,419,590 |
|
Accrued Expenses |
451,020,041 |
597,158,459 |
11,433,201 |
|
Accrued Income Tax |
80,989,468 |
310,411,642 |
244,215,900 |
|
VAT Withhold |
168,722,573 |
11,444,468 |
125,680,713 |
|
Current Portion of Debentures |
- |
1,000,000,000 |
- |
|
Fixed Liabilities |
2,012,874,439 |
280,367,359 |
1,414,099,999 |
|
Debentures |
2,000,000,000 |
- |
1,000,000,000 |
|
Long-Term Borrowings |
- |
275,000,000 |
412,500,000 |
|
Provision for Severance & Retirement |
12,874,439 |
5,367,359 |
1,599,999 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of
12/31/2012 |
As of
12/31/2011 |
As of
12/31/2010 |
|
Sales |
71,139,425,036 |
80,604,082,623 |
70,568,732,388 |
|
Cost of Sold Goods |
67,788,286,321 |
76,231,960,742 |
66,643,143,651 |
|
Gross Profit |
3,351,138,715 |
4,372,121,881 |
3,925,588,737 |
|
Selling & Admin. Expenses |
3,560,798,992 |
2,557,497,244 |
1,998,881,446 |
|
Operating Income |
-209,660,277 |
1,814,624,637 |
1,926,707,291 |
|
Non-Operating Income |
1,213,578,980 |
1,496,946,657 |
432,356,784 |
|
Non-Operating Expenses |
1,362,875,738 |
1,800,483,321 |
969,157,415 |
|
Income Before Taxes |
-358,957,035 |
1,511,087,973 |
1,389,906,660 |
|
Income Taxes Expenses |
109,454,092 |
487,446,643 |
379,143,007 |
|
Net Income |
-468,411,127 |
1,023,641,330 |
1,010,763,653 |
Cash Flows
|
|||
|
Unit : Korean Won |
As of
12/31/2012 |
As of
12/31/2011 |
As of
12/31/2010 |
|
Cash Flows from Operating |
1,397,311,334 |
-842,999,543 |
-5,276,542,454 |
|
-Net Income |
-468,411,127 |
1,023,641,330 |
1,010,763,653 |
|
-Exp. without Cash Outflow |
2,046,114,394 |
1,168,758,081 |
515,054,502 |
|
-Revenue without Cash Inflows |
-243,120,758 |
-334,874,816 |
-305,758,939 |
|
-Changes in Asset/ & Liability |
62,728,825 |
-2,700,524,138 |
-6,496,601,670 |
|
Cash Flows from Investing |
-4,160,135,845 |
-108,875,995 |
383,689,329 |
|
-Cash Inflow from Investing |
15,150,191,914 |
13,967,276,789 |
17,206,819,703 |
|
-Cash Outflows for Investing |
-19,310,327,759 |
-14,076,152,784 |
-16,823,130,374 |
|
Cash Flows from Financing |
1,411,484,289 |
1,598,091,349 |
4,981,945,446 |
|
-Cash Inflows from Financing |
41,790,275,277 |
45,589,702,043 |
85,399,541,016 |
|
-Cash Outflows from Financing |
-40,378,790,988 |
-43,991,610,694 |
-80,417,595,570 |
|
Increase/Decrease in Cash |
-1,351,340,222 |
646,215,811 |
89,092,321 |
|
Cash at the Beginning of Year |
1,381,675,997 |
735,460,186 |
646,367,865 |
|
Cash at the End of Year |
30,335,775 |
1,381,675,997 |
735,460,186 |
|
Main Products & Services |
Ferroalloy, Non Ferrous Metals & Metal powders |
|
Competitors |
SAM BO INDUSTRIAL CO., LTD. 360-2, NAMYANG-DONG, JINHAE-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-552-7130~4 FAX:+82-55-552-7135 SEJIN METAL CO., LTD. 891-5, WONSAN-RI, ONSAN-EUP, ULJU-GUN,
ULSAN, KOREA TEL:+82-52-239-3451 FAX:+82-52-238-9698 HANYUNG METAL CO., LTD. 1192, SINSANG 3-RI, JILLYANG-EUP, GYEONGSAN-SI,
GYEONGSANGBUK-DO, KOREA TEL:+82-53-856-8211 FAX:+82-53-856-8215 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
UNI RESOURCES CO., LTD.(110111-2855471) |
(Activity & Markets)
Not Available.
No.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
|
UK Pound |
1 |
Rs.103.67 |
|
Euro |
1 |
Rs.85.18 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.