|
Report Date : |
06.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
GS GLOBAL CORP. |
|
|
|
|
Registered Office : |
508, Nonhyeon-ro, Gangnam-gu, Seoul, Korea 10th FI., GS Gangnam Tower 135-985 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
31.07.1954 |
|
|
|
|
Com. Reg. No.: |
202-81-33028 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Wholesale of Non-Specialized Goods Such as Iron & Steel Products, Chemicals, Cement, Machinery, Plants |
|
|
|
|
No. of Employees : |
242 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 |
GS GLOBAL CORP. (Ex. Company Name : SSANGYONG CORPORATION, “(주)쌍용”) (Korean Company Name : “(주)지에스글로벌”) |
|
Registered
Address |
508, Nonhyeon-ro, 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, 508, Nonhyeon-ro, Gangnam-gu, Seoul, Korea (Old Address System : 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 |
|
Sub Business |
|
|
Established
(mm/dd/yyyy) |
07/31/1954 |
Detailed Products
|
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) |
CEO’s
|
Name |
Jung Taik-Keun |
|
Address |
|
|
Date of Birth |
11/30/1953 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
56,334,410,000 |
|||||||||||||||||||||
|
Employees |
242 |
|||||||||||||||||||||
|
Formation |
Listed Company(Korea Stock Exchange : 001250) as of 06/27/1976 A Company of GS Group |
|||||||||||||||||||||
|
Bank Details |
Shinhan
Bank-Central Branch Woori Bank |
|||||||||||||||||||||
|
Corporate
Registered No. |
110111-0031479 |
|||||||||||||||||||||
|
Business
Registered No. |
202-81-33028 |
|||||||||||||||||||||
|
Permit &
Licenses |
Int’l Trade No.: 670203 |
|||||||||||||||||||||
|
Shareholder
Position |
|
|||||||||||||||||||||
|
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 |
|
Year / Unit :
KRW |
Sales |
Assets |
Net Income |
|
1,585,569,130,815 |
703,352,478,645 |
10,832,238,974 |
|
|
(*)2012 |
2,685,281,796,266 |
619,881,933,536 |
15,544,788,926 |
|
(*)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.
Financial Description
|
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 |
01/01/2013~09/30/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Total
Assets |
703,352,478,645 |
619,881,933,536 |
632,929,118,289 |
|
Current
Assets |
429,164,404,448 |
380,267,788,152 |
430,365,555,871 |
|
Cash
& Cash Equivalents |
85,288,946,970 |
61,476,127,069 |
82,399,212,466 |
|
Current
Financial Instruments |
228,453,018 |
1,429,991,150 |
1,225,083,835 |
|
Trade
Receivables & Other Receivables |
276,198,849,746 |
246,284,322,175 |
275,123,473,267 |
|
Current
Non-Financial Instruments |
7,084,432,053 |
7,443,994,690 |
20,635,747,298 |
|
Prepaid
Taxes |
76,442,642 |
220,661,188 |
282,737,767 |
|
Inventories |
60,287,280,019 |
63,412,691,880 |
50,699,301,238 |
|
Non-Current
Assets |
274,188,074,197 |
239,614,145,384 |
202,563,562,418 |
|
Non-Current
Financial Instruments |
5,863,260,809 |
6,362,370,760 |
6,977,856,424 |
|
Investment_Related
Companies |
176,715,841,699 |
163,167,499,199 |
154,398,159,094 |
|
Tangibles |
1,875,805,379 |
2,046,802,050 |
2,423,668,789 |
|
Intangibles |
7,073,000,416 |
4,605,788,990 |
8,021,920,199 |
|
Long-Term
Trade Receivables & Other Receivables |
61,705,755,473 |
42,477,273,964 |
11,107,807,122 |
|
Non-Current
Portion of Non-Finance Asssets |
- |
- |
15,424,314 |
|
Deferred
Income Tax Assets |
20,954,410,421 |
20,954,410,421 |
19,618,726,476 |
|
Total
Liabilities |
440,181,625,100 |
365,744,490,798 |
390,967,308,715 |
|
Current
Liabilities |
364,975,039,101 |
317,251,991,930 |
390,957,464,026 |
|
Trade
Payables & Other Payables |
223,817,460,163 |
185,508,307,466 |
186,528,547,527 |
|
Short-Term
Borrowings |
136,506,195,886 |
119,067,364,050 |
178,963,508,026 |
|
Other
Current Financial Debts |
2,354,184,590 |
2,767,569,778 |
1,136,170,872 |
|
Other
Current Non-Financial Debts |
2,297,198,462 |
9,908,750,636 |
24,329,237,601 |
|
Non-Current
Liabilities |
75,206,585,999 |
48,492,498,868 |
9,844,689 |
|
Long-Term
Trade Payables & Other Payables |
6,036,888 |
9,311,356 |
9,844,689 |
|
Long-Term
Borrowings |
73,786,160,000 |
48,199,500,000 |
- |
|
Provision
for Severance & Retirement |
1,414,389,111 |
283,687,512 |
- |
|
Capital
Stock |
56,334,410,000 |
56,334,410,000 |
56,334,410,000 |
|
Capital
Surplus |
126,145,517,815 |
126,145,517,815 |
126,145,517,815 |
|
Others |
-147,640,823 |
-1,160,712,906 |
-1,107,399,962 |
|
Profit
Surplus |
80,838,566,553 |
72,818,227,829 |
60,589,281,721 |
|
Total
Equity |
263,170,853,545 |
254,137,442,738 |
241,961,809,574 |
|
Liab.
& Shareholder’s Equity |
703,352,478,645 |
619,881,933,536 |
632,929,118,289 |
|
Income Statement |
|||
|
Unit : Korean
Won |
01/01/2013~09/30/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Sales |
1,585,569,130,815 |
2,685,281,796,266 |
2,288,493,847,484 |
|
Cost
of Sold Goods |
1,546,237,529,707 |
2,624,541,680,146 |
2,231,581,683,422 |
|
Gross
Profit |
39,331,601,108 |
60,740,116,120 |
56,912,164,062 |
|
Selling Expenses |
7,027,128,800 |
12,352,455,433 |
10,714,215,634 |
|
Admin.
Expenses |
22,587,460,874 |
32,247,505,378 |
29,322,709,774 |
|
Operating
Income |
9,717,011,434 |
16,140,155,309 |
16,875,238,654 |
|
Other
Operating Income |
55,243,409,906 |
79,914,252,991 |
85,275,105,161 |
|
Other
Operating Expenses |
53,509,048,190 |
76,425,977,185 |
86,042,402,259 |
|
Finance
Income |
5,650,855,638 |
2,921,526,291 |
2,175,920,918 |
|
Finance
Expenses |
6,269,989,814 |
7,669,933,687 |
3,844,912,086 |
|
Profits from Stocks Disposal |
- |
-476,432,000 |
-5,872,235 |
|
Income
Before Taxes |
10,832,238,974 |
14,403,591,719 |
14,433,078,153 |
|
Income
Taxes Expenses |
- |
-1,141,197,207 |
-3,988,994,571 |
|
Net
Income |
10,832,238,974 |
15,544,788,926 |
18,422,072,724 |
|
Cash Flows |
|||
|
Unit : Korean
Won |
01/01/2013~09/30/2013 |
As of 12/31/2012 |
As of
12/31/2011 |
|
Operating
Activities Cash Flows |
28,398,177,738 |
32,241,036,662 |
-31,146,180,514 |
|
-Net Income |
10,832,238,974 |
15,544,788,926 |
18,422,072,724 |
|
-Exp. without
Cash Outflow |
23,187,581,229 |
35,008,572,001 |
10,765,567,157 |
|
-Revenue
without Cash Inflows |
-21,449,592,355 |
-24,636,635,420 |
-9,452,346,678 |
|
-Changes in
Asset/ & Liability |
17,779,709,481 |
8,156,332,002 |
-50,859,668,198 |
|
Cash Flows
from Operating |
-1,951,759,591 |
-1,832,020,847 |
-21,805,519 |
|
Cash Flows
from Investing |
-48,037,564,249 |
-46,266,370,311 |
-54,799,015,885 |
|
-Cash Inflow
from Investing |
35,562,023,628 |
7,461,616,157 |
1,031,512,717 |
|
-Cash Outflows
for Investing |
-83,599,587,877 |
-53,727,986,468 |
-55,830,528,602 |
|
Cash Flows
from Financing |
43,452,206,412 |
-6,897,751,748 |
144,997,067,280 |
|
-Cash Inflows
from Financing |
165,331,470,712 |
174,877,656,528 |
321,308,249,667 |
|
-Cash Outflows
from Financing |
-121,879,264,300 |
-181,775,408,276 |
-176,311,182,387 |
|
Increase/Decrease
in Cash |
23,812,819,901 |
-20,923,085,397 |
59,051,870,881 |
|
Cash at the
Beginning of Year |
61,476,127,069 |
82,399,212,466 |
23,347,341,585 |
|
Cash at the
End of Year |
85,288,946,970 |
61,476,127,069 |
82,399,212,466 |
Products,
Technologies, Services Description
|
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 |
|
Trade Partners &
Competitors
|
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 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
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. GS GLOBAL TRADING (SHANGHAI) CO., LTD. MILL-PRO PTY. LTD. GS GLOBAL E&P (AMERICA) CORPORATION GS GLOBAL (NEMAHA) LLC |
|
Corporate
Ownership |
|
|
Major
Shareholders |
|
|
Cooperative
Enterprise |
|
Sales by Region
(Activity & Markets)
|
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.
Court Action
|
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 |
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.04 |
|
|
1 |
Rs.101.31 |
|
Euro |
1 |
Rs.83.34 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.