|
Report Date : |
13.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
POSCO |
|
|
|
|
Registered Office : |
1, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
01.04.1968 |
|
|
|
|
Com. Reg. No.: |
506-81-00017 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Basic Iron and Steel |
|
|
|
|
No. of Employees : |
17,865 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
Litigation : |
Exists |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
Basic
|
Company Name |
POSCO |
|
Registered Address |
1, Goedong-dong, Nam-gu, Pohang-si, Gyeongsangbuk-do, Korea |
|
Zip Code |
790-704 |
|
Tel |
+82-54-220-0114 |
|
Fax |
+82-54-220-6000 |
|
E-mail |
ir@posco.co.kr,igohome@posco.co.kr |
|
Website |
www.posco.co.kr |
|
Trading Address |
POSCO Center, 892, Daechi 4-dong, Gangnam-gu, Seoul, Korea |
|
Tel |
+82-2-3457-0114 |
|
Fax |
+82-2-3457-1999 |
|
Other Address-Gwangyang Works |
Gwangyang Iron & Steel Co., 700, Geumho-dong, Gwangyang-si, Jeollanam-do,
Korea |
|
Tel |
+82-61-790-0114 |
|
Fax |
+82-61-790-7000 |
|
Other Address-Pohang Steelworks |
5, Dongchon-dong, Nam-gu, Pohang-si, Gyeongsangbuk-do, Korea |
|
Tel |
+82-54-220-0114 |
|
Fax |
+82-54-220-6000 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Basic Iron and Steel |
|
Main Business |
Hot Rolled Coil, Plate, Wire Rods, Cold Rolled Sheets, Electrical
Steel Sheets, Stainless Steel Products |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
04/01/1968 |
The Subject owns the premises of registered
HQ address/Factory (11,379,000㎡).
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Steel plate(30102204) |
|
Sell |
Steel coil(30101904) |
|
Sell |
Steel(11101704) |
CEO’s
|
Name |
Chung Joon-Yang |
|
Address |
|
|
Date of Birth |
02/03/1948 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
482,403,125,000 |
|||||||||||||||
|
Employees |
17,865 |
|||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 005490)
as of 06/10/1988 Listed at New York Stock Exchange as of
10/14/1994 Listed as London Stock Exchange as of
10/17/1994 A Company of POSCO Group |
|||||||||||||||
|
Bank Details |
Woori Bank-Pohang Posco Branch |
|||||||||||||||
|
Corporate Registered No. |
174611-0000741 |
|||||||||||||||
|
Business Registered No. |
506-81-00017 |
|||||||||||||||
|
Permit & Licenses |
12/09/1993 ISO 9002 11/2008 ISO 14001 Int’l Trade No.: 820280 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
06/1967 Pohang City chosen as first
building site of Pohang Iron and Steel Co., Ltd. (POSCO) 11/1967 Company’s Development Committee
established 03/1968 First general meeting established
logo and corporate bylaws 04/1968 Pohang Iron and Steel Co., Ltd.
officially incorporated 04/1970 Pohang Works, Phase 1 begun 12/1972 Headquarters moved to Pohang City 06/1973 Pohang Works No. 1 Blast Furnace
tapped for the first time 07/1973 Pohang Works, Phase 1 completed
(annual crude steel capacity: 1.03 million tons) 10/1973 Membership in World Steel
Association (formerly International Iron and Steel Institute) 05/1976 Pohang Works, Phase 2 completed
(annual crude steel capacity: 2.6 million tons) 12/1978 Pohang Works, Phase 3 completed
(annual crude steel capacity: 5.5 million tons) 02/1981 Pohang Works, Phase 4-1 completed
(annual crude steel capacity: 8.5 million tons) 11/1981 Gwangyang Bay selected as site for
second steelworks 05/1983 Pohang Works, Phase 4-2 completed
(annual crude steel capacity: 9.1 million tons) 03/1985 Gwangyang Works, Phase 1 begun 12/1986 Pohang University of Science and
Technology (POSTECH) established 03/1987 Research Institute of Industrial
Science and Technology (RIST) established 05/1987 Gwangyang Works, Phase 1 completed
(annual crude steel capacity: 11.8 million tons) 06/1988 POSCO stock listed on the Korea
Exchange (formerly Korea Stock Exchange) 07/1988 Gwangyang Works, Phase 2 completed
(annual crude steel capacity: 14.5 million tons) 03/1989 Pohang Works No. 1 Stainless Steel
Mill completed (annual stainless steel capacity: 0.32 million tons) 12/1990 Gwangyang Works, Phase 3 completed
(annual crude steel capacity: 17.5 million tons) 10/1992 POSCO’s quarter-century of
construction completed (Gwangyang Works, Phase 4 completed; annual crude
steel capacity: 20.8 million tons) 12/1993 ISO 9002 certification acquired 10/1994 POSCO stock listed on the New York
Stock Exchange 09/1995 POSCO Center in Seoul opened 10/1995 POSCO stock listed on the London
Stock Exchange 11/1995 Pohang Works COREX plant completed
(annual crude steel capacity: 600,000 tons) 08/1996 Pohang Works No. 2 Stainless Steel Mill
completed (annual stainless steel capacity: 0.84 million tons) 10/1996 Gwangyang Works No. 5 Blast Furnace
begun and No. 1 Mini Mill completed 03/1997 Introduction of outside director
and outside auditor systems 03/1999 Gwangyang Works No. 5 Blast Furnace
completed (annual crude steel capacity: 28 million tons) 04/2000 Gwangyang Works No. 5 Blast Furnace
initiated 10/2000 Privatization completed |
|||||||||||||||
|
Company History |
07/2001 Introduction of POSPIA, an
integrated digital information management system 03/2002 Corporate name is legally changed
to POSCO 03/2002 Pohang Works No. 3 Stainless Steel
Mill completed (annual stainless steel capacity: 1.66 million tons) 06/2003 New POSCO code of conduct announced 07/2003 The POSCO Museum in Pohang opened 11/2003 POSCO-China established 06/2005 POSCO-India signs MOU with
Government of Orissa for a mega steel plant 06/2006 Gwangyang Works No. 6 CGL completed
(annual automotive steel sheet capacity: 6.5 million tons) 03/2007 Global POSCO Way vision announced 05/2007 Pohang Works FINEX Plant completed
(annual crude steel capacity: 1.5 million tons) 04/2008 POSCO celebrated 40th anniversary 04/2008 Pohang Works accumulated
cold-rolled steel production totals 50 million tons since first operation 04/2008 Global R&D Center established
at the Incheon Free Economic Zone 09/2008 Pohang Industrial Complex completed
construction of the world’s largest fuel cell plant for power generation 08/30/2010 Acquired DAEWOO
INTERNATIONAL CORPORATION(110111-2137358) |
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Date of Birth |
|
Chairman & CEO |
Mr. |
Chung Joon-Yang |
Korean |
1948.02. |
Seoul National University, Korea |
|
President & CEO |
Mr. |
Park Ki-Hong |
Korean |
1958.03. |
Seoul National University, Korea |
|
President & CEO |
Mr. |
Kim Joon-Sik |
Korean |
1954.01. |
Suncheon University, Korea |
|
Vice President & CEO |
Mr. |
Jang In-Hwan |
Korean |
1955.01. |
Korea University, Korea |
|
Vice President |
Mr. |
Kim Eung-Kyu |
Korean |
1954.08. |
Yonsei University, Korea |
|
Outside Director |
Mr. |
Lee Young-Sun |
Korean |
1947.08. |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Han Joon-Ho |
Korean |
1945.07. |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Lee Chang-Hee |
Korean |
1960.05. |
Seoul National University, Korea |
|
Outside Director |
Mr. |
James B. Bemowski |
- |
1954.01. |
Mckenna College, USA |
|
Outside Director |
Mr. |
Shin Jae-Cheol |
Korean |
1947.08. |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Lee Myung-Woo |
Korean |
1954.01. |
Seoul National University, Korea |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
22,835,801,467,207 |
53,736,894,414,286 |
1,380,110,994,579 |
|
|
(*)2012 |
35,664,933,132,661 |
52,320,436,140,140 |
2,499,522,911,071 |
|
(*)2011 |
39,171,703,426,324 |
52,727,876,388,318 |
3,188,844,785,494 |
|
(*)2010 |
32,582,036,641,395 |
49,086,226,794,345 |
3,784,361,128,090 |
|
2009 |
26,953,944,910,907 |
39,992,764,984,726 |
3,172,263,501,288 |
|
2008 |
30,642,409,498,898 |
37,033,453,847,248 |
4,446,933,280,159 |
|
2007 |
22,206,684,973,468 |
30,492,797,703,851 |
3,679,431,381,143 |
|
2006 |
20,043,409,117,885 |
26,362,872,843,329 |
3,206,604,724,519 |
|
2005 |
21,695,043,976,451 |
24,206,949,907,109 |
4,012,932,261,385 |
|
2004 |
19,792,477,952,160 |
21,367,060,180,023 |
3,826,015,648,458 |
|
2003 |
14,359,329,407,460 |
18,406,599,888,114 |
1,980,572,153,105 |
(*)Figures are
based on the K-IFRS Accounting System.
Financial
Description
|
Authorized Capital(KRW) |
1,000,000,000,000 |
|
Paid-Up Capital(KRW) |
482,403,125,000 |
|
Total Issues Shares |
87,186,835 |
|
Unit : Korean Won |
01/01/2013~09/30/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Total Assets |
53,736,894,414,286 |
52,320,436,140,140 |
52,727,876,388,318 |
|
Current Assets |
11,543,988,906,631 |
12,609,470,891,553 |
13,924,795,313,990 |
|
Cash & Cash Equivalents |
1,139,880,336,439 |
1,752,559,876,030 |
1,137,882,223,625 |
|
Trade Receivables |
3,215,376,172,750 |
4,087,029,943,881 |
4,220,241,445,555 |
|
Other Receivables |
232,661,261,290 |
394,761,626,553 |
332,044,930,517 |
|
Other Finance Assets |
2,028,503,338,154 |
928,777,704,156 |
1,049,418,447,945 |
|
Inventories |
4,871,143,699,990 |
5,403,660,260,325 |
7,144,708,692,109 |
|
Other Current Assets |
55,119,610,620 |
42,681,480,608 |
23,612,181,988 |
|
Assets to be Sold |
1,304,487,388 |
|
16,887,392,251 |
|
Non-Current Assets |
42,192,905,507,655 |
39,710,965,248,587 |
38,803,081,074,328 |
|
Long-Term Trade Receivables |
273,585,789 |
273,585,789 |
23,682,181 |
|
Other Receivables |
51,861,249,150 |
60,652,378,770 |
71,555,414,406 |
|
Non-Current Financial Instruments |
3,427,451,503,898 |
2,968,113,275,375 |
3,761,502,593,711 |
|
Investment_Related Companies |
15,075,825,108,490 |
14,100,052,653,292 |
12,824,775,762,020 |
|
Investment_Real Estates |
114,185,448,213 |
110,526,365,573 |
117,418,334,074 |
|
Tangibles |
23,112,858,600,853 |
22,166,735,298,535 |
21,533,134,775,513 |
|
Intangibles |
400,634,568,296 |
293,840,926,476 |
222,896,305,586 |
|
Other Non-Current Assets |
9,815,442,966 |
10,770,764,777 |
271,774,206,837 |
|
Total Liabilities |
11,587,143,905,559 |
13,155,887,688,593 |
15,129,859,729,371 |
|
Current Liabilities |
4,161,246,954,385 |
4,543,512,089,525 |
5,015,144,529,639 |
|
Trade Payables |
1,153,151,308,345 |
978,581,272,737 |
1,395,845,721,793 |
|
Short-Term Borrowings |
1,889,191,451,067 |
2,116,539,596,368 |
2,294,379,937,488 |
|
Other Current Financial Debts |
843,717,363,691 |
1,270,039,771,862 |
1,072,064,134,798 |
|
Other Finance Debts |
10,897,993,383 |
16,891,992,633 |
17,233,845,424 |
|
Accrued Income Tax |
165,660,235,425 |
84,354,893,795 |
182,715,120,747 |
|
Provisions |
5,297,897,139 |
6,238,871,089 |
4,450,622,847 |
|
Other Current Liabilities |
93,330,705,335 |
70,865,691,041 |
48,455,146,542 |
|
Non-Current Liabilities |
7,425,896,951,174 |
8,612,375,599,068 |
10,114,715,199,732 |
|
Long-Term Borrowings |
5,957,524,213,062 |
7,487,234,430,281 |
9,338,015,861,963 |
|
Other Liabilities |
124,049,067,840 |
128,812,157,467 |
123,365,198,683 |
|
Other Non-Current Financial Debts |
197,584,212,746 |
72,919,881,922 |
23,933,872,699 |
|
Confirmed Salaries |
172,052,882,835 |
140,256,431,807 |
176,648,125,368 |
|
Deferred Income Tax Credit |
971,073,203,230 |
779,311,882,258 |
448,552,052,857 |
|
Other Non-Current Debts |
3,613,371,461 |
3,840,815,333 |
4,200,088,162 |
|
Capital Stock |
482,403,125,000 |
482,403,125,000 |
482,403,125,000 |
|
Capital Surplus |
1,229,261,484,340 |
1,227,692,347,620 |
1,227,692,347,620 |
|
Others |
1,451,795,053,802 |
3,361,604,667 |
156,707,395,884 |
|
Treasury Stock |
-1,588,785,120,078 |
-2,391,406,055,168 |
-2,391,406,055,168 |
|
Profit Surplus |
40,575,075,965,663 |
39,842,497,429,428 |
38,122,619,845,611 |
|
Total Equity |
42,149,750,508,727 |
39,164,548,451,547 |
37,598,016,658,947 |
|
Liab. & Shareholder’s Equity |
53,736,894,414,286 |
52,320,436,140,140 |
52,727,876,388,318 |
|
Unit : Korean Won |
01/01/2013~09/30/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Sales |
22,835,801,467,207 |
35,664,933,132,661 |
39,171,703,426,324 |
|
Cost of Sold Goods |
19,766,286,251,108 |
31,041,899,893,699 |
33,077,807,769,052 |
|
Gross Profit |
3,069,515,216,099 |
4,623,033,238,962 |
6,093,895,657,272 |
|
Selling & Admin. Expenses |
1,342,017,111,745 |
1,833,435,981,400 |
1,763,514,400,611 |
|
Admin. Expenses |
646,064,926,922 |
853,907,541,115 |
846,332,696,876 |
|
Selling Expenses |
695,952,184,823 |
979,528,440,285 |
917,181,703,735 |
|
Operating Income |
1,727,498,104,354 |
2,789,597,257,562 |
4,330,381,256,661 |
|
Finance Profits |
42,602,735,398 |
597,247,528,400 |
130,308,649,424 |
|
Finance Income |
710,093,420,817 |
1,356,539,100,155 |
1,240,359,259,266 |
|
Finance Expenses |
752,696,156,215 |
759,291,571,755 |
1,370,667,908,690 |
|
Other Non-Operating Profits |
10,914,076,385 |
264,563,959,771 |
134,352,856,630 |
|
Other Non-Operating Income |
138,324,893,495 |
69,737,192,440 |
45,639,646,059 |
|
Other Non-Operating Expenses |
149,238,969,880 |
334,301,152,211 |
179,992,502,689 |
|
Income Before Taxes |
1,673,981,292,571 |
3,122,280,826,191 |
4,065,719,750,607 |
|
Income Taxes Expenses |
293,870,297,992 |
622,757,915,120 |
876,874,965,113 |
|
Net Income |
1,380,110,994,579 |
2,499,522,911,071 |
3,188,844,785,494 |
|
Unit : Korean Won |
01/01/2013~09/30/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Operating Activities Cash Flows |
4,267,732,669,265 |
5,670,889,311,465 |
3,186,490,773,474 |
|
Cash Flows from Operating |
4,414,333,425,564 |
6,138,401,407,382 |
4,112,649,936,407 |
|
Net Income |
1,380,110,994,579 |
2,499,522,911,071 |
3,188,844,785,494 |
|
Adjustment |
1,925,012,740,790 |
2,168,438,670,129 |
2,882,166,063,331 |
|
Changes in Asset/ & Liability |
1,109,209,690,195 |
1,470,439,826,182 |
1,958,360,912,418 |
|
Interests Received |
81,822,090,039 |
111,309,023,653 |
122,212,162,525 |
|
Interests Paid |
293,481,550,525 |
443,470,018,674 |
378,489,718,500 |
|
Dividends Received |
221,071,890,439 |
175,555,908,541 |
267,316,250,391 |
|
Income Taxes |
156,013,186,252 |
310,907,009,437 |
937,197,857,349 |
|
Cash Flows from Investing |
3,585,685,567,836 |
2,896,787,792,198 |
4,062,122,918,226 |
|
Cash Inflow from Investing |
2,505,548,594,892 |
3,873,233,374,043 |
5,542,015,183,333 |
|
Cash Outflows for Investing |
6,091,234,162,728 |
6,770,021,166,241 |
9,604,138,101,559 |
|
Cash Flows from Financing |
1,294,726,641,020 |
2,159,423,866,862 |
1,338,877,920,986 |
|
Cash Inflows from Financing |
2,059,182,067,299 |
3,858,965,436,730 |
5,861,235,384,680 |
|
Cash Outflows from Financing |
3,353,908,708,319 |
6,018,389,303,592 |
4,522,357,463,694 |
|
Increase/Decrease in Cash |
612,679,539,591 |
614,677,652,405 |
465,455,776,234 |
|
Cash at the Beginning of Year |
1,752,559,876,030 |
1,137,882,223,625 |
672,426,447,391 |
|
Cash at the End of Year |
1,139,880,336,439 |
1,752,559,876,030 |
1,137,882,223,625 |
Products,
Technologies, Services Description
|
Main Products & Services |
Electrical Steel Sheets Electrical Component Materials, Electronic Component Materials Requiring advanced production technology, steel for use in the electric and electronics industries represents another value-added POSCO product category. Beginning with an annual capacity of 20,000 tons in 1980, we have continued to expand our electrical steel production facilities at the Pohang Works to reach production of 540,000 tons annually today. Of this total, 40,000 tons is grain-oriented electrical sheet used for power generators and transformers, while the remaining 500,000 tons is non-oriented electrical sheet for electric motors. Hot Rolled Steel Coil Structures and Building and Construction and Manufacturing Components and Supplies Structural materials and basic shapes Coil Stainless Steel Mineral and Textile and Inedible Plant and Animal Materials Minerals and ores and metals Base Metals Cold Rolled Steel Sheets Structures and Building and Construction and Manufacturing Components and Supplies Structural materials and basic shapes Plate Brand Name : POSCO |
||||||||||||||||
|
Detailed Products Spec. |
|
||||||||||||||||
|
Technologies Acquired |
|
Trade Partners
& Competitors
|
Suppliers |
BHPB(AUSTRALIA) CVRD(BRAZIL) BMA(AUSTRALIA) RIO TINTO(AUSTRALIA) EVCC(CANADA) MACARTHUR COAL(AUSTRALIA) NAMISA (BRAZIL) TANGGUH LNG(INDONESIA) |
|
Customers |
HYUNDAI HEAVY INDUSTRIES CO., LTD.(181211-0000386) HYUNDAI HYSCO(110111-0302416) HYUNDAI MOTOR CO(110111-0085450) KIA MOTORS CORPORATION(110111-0037998) DAEWOO SHIPBUILDING & MARINE ENGINEERING CO., LTD.(110111-2095837) POSTEEL(110111-0344591) |
|
Competitors |
DONGBU STEEL CO., LTD. 18TH FL., DONGBU FINANCIAL CENTER, 891-10,
DAECHI 4-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-3450-8114 FAX:+82-2-3450-8500 HYUNDAI STEEL COMPANY HYUNDAI STEEL, 1, SONGHYEON 3-DONG,
DONG-GU, INCHEON, KOREA TEL:+82-32-760-2114 FAX:+82-32-760-2813 CHINA STEEL CORPORATION 1 CHUNG-KANG ROAD HSIAO KANG DISTRICT
KAOHSIUNG, TAIWAN TEL:+1-212-6571853 FAX:+1-212-8255398 UNITED STATES STEEL CORPORATION 600 GRANT STREET PITTSBURGH, PA 15219
UNITED STATES - MAP TEL:+1-412-4331121 FAX:+1-412-4334818 ARCELORMITTAL 19, AVENUE DE LA LIBERTE GRAND DUCHY OF
LUXEMBOURG, 2930 LUXEMBOURG TEL:+35247922414 FAX:+35247922675 (*)The subject is ranked as the 1st
player with over 60% domestic market share. |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates-Domestic |
POSCO(174611-0000741) POSCO COATED & COLOR STEEL CO.,
LTD.(174611-0006492) POSCO REFRACTORIES & ENVIRONMENT CO.,
LTD.(174611-0001947) POS-A.C. CO., LTD.(174611-0003448) POSCO ENGINEERING & CONSTRUCTION CO.,
LTD.(174611-0002979) POSCO RESEARCH INSTITUTE(110111-1042350) POSCO SPECIALTY STEEL CO., LTD.
(194211-0025248) POSCO MACHINERY CO., LTD.(206411-0010175) POSMEC(POSCO MACHINERY & ENGINEERING
CO., LTD.(174611-0012176) POSCO POWER CORPORATION(110111-1829576) PHP CO., LTD.(120111-0421545) POSBRO(110111-3528986) SUWON GREEN ENVIRONMENT
CORPORATION(134811-0133794) POSCORE CO., LTD.(134811-0003343) RIZTECH BIZ CO., LTD.(171711-0076115) POSWITH CO., LTD.(171711-0075927) UITRANS CO., LTD.(110111-3792309) BASYS INDUSTRY CO. LTD.(110111-0954647) METAPOLIS CO., LTD.(134811-0094475) CHEONGNA IBT CO., LTD.(120111-0454520) POHANG FEUL CELL CO., LTD.(171711-0076256) MEGA ASSET CO., LTD.(161511-0097480) DAEWOO ENGINEERING COMPANY CO., LTD.(110111-0203268) MEDICAL MATERIALS CO.,LTD.(171711-0082766) DAEWOO INTERNATIONAL CORPORATION(110111-2137358) |
|
Affiliates-Domestic |
POSCO ENGINEERING & CONSTRUCTION CO.,
LTD.(174611-0002979) (89.53% held by the subject company) POSDATA CO., LTD.(110111-0658637) (61.85% held by the subject company) SAMJUNG PACKING AND ALUMINUM CO.,
LTD.(174611-0000866) (9.0% held by the subject company) POSCON(174611-0002242) (88.04% held by the subject company) POSCO TERMINAL CO., LTD.(204611-0017575) (51.0% held by the subject company) POSTEEL(110111-0344591) (95.31% held by the subject company) POSTECH VENTURE CAPITAL
COOPERATION(174611-0029080) (95.0% held by the subject company) POSMATE CO., LTD.(110111-0739841) (30.0% held by the subject company) SNNC CO., LTD.(204611-0023415) (49.0% held by the subject company) P&R CO., LTD.(171711-0076545) (70.0% held by the subject company) SEOUNG GWANG CO., LTD.(120111-0222844) (69.38% held by the subject company) ENTOB CORPORATION(110111-2059362) (17.5% held by the subject company) POSFINE (70.0% held by the subject company) POSCOAST CO., LTD.(131411-0191529) DAIMYUNG TMS CO., LTD.(110111-0803141) PURE GIMPO.CO., LTD.(110111-4290394) |
|
Affiliates-Overseas |
POSCO SOUTH EAST ASIA PTE. LTD. (50.0% held by POSTEEL(110111-0344591)) POSCO SPECIALTY STEEL CO., LTD.
(194211-0025248) (100.00% held by the subject company) POSCON(174611-0002242) (88.04% held by the subject company) POSMEC(POSCO MACHINERY & ENGINEERING
CO., LTD.)(174611-0012176) (100.00% held by the subject company) POSCO MACHINERY CO., LTD.(206411-0010175) (100.00% held by the subject company) POS-A.C.CO.,LTD.(174611-0003448) (100.00% held by the subject company) POSTEEL(110111-0344591) (95.31% held by the subject company) SEOUNG GWANG CO., LTD.(120111-0222844) (69.38% held by the subject company) POSCO RESEARCH INSTITUTE(110111-1042350) (100.00% held by the subject company) POSTECH VENTURE CAPITAL COOPERATION
(174611-0029080) (95.00% held by the subject company) POSCO TERMINAL CO., LTD.(204611-0017575) (51.00% held by the subject company) POSCO ENGINEERING & CONSTRUCTION CO.,
LTD.(174611-0002979) (89.53% held by the subject company) POSCO POWER CORPORATION(110111-1829576) (100.00% held by the subject company) POSWITH CO., LTD.(171711-0075927) (100.00% held by the subject company) PT.ISI (PT.INTERNATIONAL STEEL INDONESIA) (65.00% held by the subject company) PT. MRI (PT. MOTTA RESOURCES INDONESIA) (65.00% held by the subject company) POSCO CORE INDIA PVT. LTD.(As of 01/04/2010
Joined as an affiliated company) POSCO (YANTAI) AUTOMOTIVE PROCESSING CENTER
CO., LTD.(POSCO-CYPC : 90.00% held by the subject company)(As of 04/02/2010
Joined as an affiliated company) |
|
Overseas Office |
RIO DE JANEIRO TEL :+55-21-3431-3496 FAX :+55-21-3431-3497 MEXICO CITY TEL :+5255-5525-0845 FAX :+5255-5525-0815 DUBAI TEL :+9714-221-8280 FAX :+9714-221-8178 JAKARTA TEL :+62-21-3000-3809 FAX :+62-21-3000-3811 EUROPEAN UNION TEL :+49-211-435-3051 FAX :+49-211-435-3030 PRAGUE TEL :+420-246-088-360 FAX :+420-246-088-361 |
|
Joint Venture |
POSCO-NIPPON STEEL RHF JOINT VENTURE (70.00% held by the subject company) |
|
Subsidiary |
POSCO SPECIALTY STEEL CO., LTD.
(194211-0025248) (100.00% held by the subject company) POSCON(174611-0002242) (88.04% held by the subject company) POSMEC(POSCO MACHINERY & ENGINEERING
CO., LTD.)(174611-0012176) (100.00% held by the subject company) POSCO MACHINERY CO., LTD.(206411-0010175) (100.00% held by the subject company) POS-A.C.CO.,LTD.(174611-0003448) (100.00% held by the subject company) POSTEEL(110111-0344591) (95.31% held by the subject company) SEOUNG GWANG CO., LTD.(120111-0222844) (69.38% held by the subject company) POSCO Research Institute(110111-1042350) (100.00% held by the subject company) POSTECH VENTURE CAPITAL COOPERATION
(174611-0029080) (95.00% held by the subject company) POSCO TERMINAL CO., LTD.(204611-0017575) (51.00% held by the subject company) POSCO ENGINEERING & CONSTRUCTION CO.,
LTD.(174611-0002979) (89.53% held by the subject company) POSCO POWER CORPORATION(110111-1829576) (100.00% held by the subject company) POSWITH CO., LTD.(171711-0075927) (100.00% held by the subject company) POSCO-TOPC CELIK SANAYI VE TICARET A.S. (100.00% held by the subject company) POSCO (LIAONING) AUTOMOTIVE PROCESSING
CENTER CO., LTD. (90.00% held by the subject company) |
|
Subsidiary-Overseas |
POSCO CHINA HOLDING CORP. TEL :+ 86-10-5166-6677 FAX
:+86-10-8440-0323 POSCO INDIA PVT. LTD. TEL :+ 91-674-230-3690 FAX
:+91-674-230-0058 ZHANGJIAGANG POHANG STAINLESS STEEL CO.,
LTD. TEL :+ 86-512-5856-9211 FAX
:+86-512-5855-3680 QINGDAO POHANG STAINLESS STEEL CO., LTD. TEL :+ 86-532-8683-7020 FAX
:+86-532-8683-7011 DALIAN POSCO STEEL CO., LTD. TEL :+ 86-411-8751-5003 FAX
:+86-411-8751-4710 POSCO (GUANGDONG) COATED STEEL CO., LTD. TEL :+ 86-757-2660-3002 FAX
:+86-757-2665-7760 POSCO VIETNAM CO., LTD. TEL :+ 84-64-923-014 FAX :+84-64-923-000 POSVINA CO., LTD. TEL :+ 84-8-731-3037 FAX :+84-8-731-3619 |
|
Subsidiary-Overseas |
VSC POSCO STEEL CORPORATION TEL :+ 84-31-374-9133 FAX :+84-31-385-0123 MYANMAR POSCO STEEL CO., LTD. TEL :+ 95-1-635-367 FAX :+95-1-635-418 POSCO MEXICO S.A. DE C.V. TEL :+ 52-833-274-1400 FAX
:+52-833-274-1405 POSCO CHINA SUZHOU AUTOMOTIVE PROCESSING
CENTER CO., LTD. TEL :+ 86-512-5760-5952 FAX
:+86-512-5760-5950 POSCO THAILAND BANGKOK STEEL PROCESSING
CENTER CO., LTD. TEL :+ 66-2-256-6135 FAX :+66-2-256-6138 POSCO INDIA PUNE STEEL PROCESSING CENTER
CO. PVT. LTD. TEL :+ 91-2114-308-100 FAX
:+91-2114-308-146 POSCO INDIA DELHI AUTOMOTIVE PROCESSING
CENTER CO. PVT. LTD. TEL :+ 91-124-421-6600 FAX
:+91-124-421-6605 POSCO INDIA CHENNAI STEEL PROCESSING CENTRE
PVT. LTD. (100.0% held by the subject company) |
|
Subsidiary-Overseas |
POSCO AUSTRALIA PTY. LTD. TEL :+ 61-2-9258-9807 FAX :+61-2-9241-2001 POSCO CANADA LTD. TEL :+ 1-604-688-9174 FAX :+1-604-669-5805 COMPANHIA COREANO-BRASILEIRA DE PELOTIZAÇÃO
(KOBRASCO) TEL :+ 55-27-3333-4864 FAX
:+55-27-3333-4762 POSCO JAPAN CO., LTD. TEL :+ 81-3-3546-0924 FAX :+81-3-3546-1215 POSCO AMERICA CORPORATION TEL :+ 1-201-585-3065 FAX :+1-201-585-6001 POSCO ASIA COMPANY LTD. TEL :+ 852-2827-8787 FAX :+852-2535-8290 POSCO CHINA FOSHAN STEEL PROCESSING CENTER
CO., LTD. TEL :+ 86-757-2381-3998 FAX
:+86-757-8387-1384 |
|
Subsidiary-Overseas |
POSCO INVESTMENT CO., LTD. TEL :+ 852-2802-7188 FAX :+852-2845-7737 POSCO POLAND WROCLAW STEEL PROCESSING
CENTER CO., LTD. TEL :+ 48-71-733-7262 FAX :+48-71-733-7257 POSCO MEXICO HUMAN TECH S.A. DE C.V. POSCO CHINA CHONGQING AUTOMOTIVE PROCESSING
CENTER CO., LTD. TEL :+ 86-23-8903-6558 FAX
:+86-23-8903-6556 POSCO VIETNAM HOCHIMINH STEEL PROCESSING
CENTER CO., LTD. TEL :+ 84-8-520-2837 FAX :+84-8-823-7840 POSCO EUROPE STEEL DISTRIBUTION CENTER CO.,
LTD. TEL :+ 385-5-663-4161 POSCO CHINA WUHU AUTOMOTIVE PROCESSING
CENTER CO., LTD. TEL :+ 86-553-593-6577 POSCO MALAYSIA KUALA LUMPUR STEEL
PROCESSING CENTER SDN. BHD. TEL :+ 60-3-6092-5200 POSCO MALAYSIA SDN. BHD. TEL :+ 60-3-3101-2422 |
|
Cooperative Enterprise |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078) DONGBU INSURANCE CO., LTD.(110111-0095285) |
Sales by Region
(Activity & Markets)
|
Sales/ Unit :100 Mil KRW |
2010 |
2009 |
2008 |
|
Export |
81,369 |
94,496 |
98,590 |
|
Domestic |
152,885 |
175,305 |
208,400 |
|
Adjustment |
(-)191 |
(-)262 |
(-)566 |
|
Total |
234,063 |
269,539 |
306,424 |
The Subject exports to China, Japan and South
East Asia.
Court Action
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
04/19/2012 |
Tokyo District Court, Japan |
NIPPON STEEL & SUMITOMO METAL CORPORATION (JAPAN) |
The Subject Company |
Claim for Compensation from Damages |
1,507,000,000,000 |
proceeding |
There are 38 cases filed
as Defendant(s)/
Debtor(s)/ Respondent(s) including the above case.
Not Available
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.