|
Report Date : |
07.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
POSCO PLANTEC CO., LTD. |
|
|
|
|
Registered Office : |
61, Daesong-ro 83beon-gil, Nam-gu,
Pohang-si, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
15.06.1989 |
|
|
|
|
Com. Reg. No.: |
610-81-08943 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Other Structural Metal Products. |
|
|
|
|
No of Employees : |
1,207 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Exist |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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. South 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. South 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-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,
dominance of large conglomerates (chaebols), and heavy reliance on exports,
which comprise about half of GDP.
|
Source
: CIA |
|
Company
Name |
POSCO PLANTEC CO., LTD. (Ex. Company
Name : SUNG JIN GEOTEC CO., LTD., “성진지오텍(주)”) (Korean Company
Name : “(주)포스코플랜텍)”) |
|
Registered Address |
61, Daesong-ro 83beon-gil, Nam-gu,
Pohang-si, Gyeongsangbuk-do, Korea |
|
Building |
|
|
Zip Code |
790-714 |
|
Tel |
+82-54-279-7114 |
|
Fax |
+82-54-279-7999 |
|
E-mail |
j550217@sgtkor.com |
|
Website |
www.sgtkor.com |
|
Trading Address |
61, Daesong-ro 83beon-gil, Nam-gu,
Pohang-si, Gyeongsangbuk-do, Korea (Old Address System : 322-4,
Jangheung-dong, Nam-gu, Pohang-si, Gyeongsangbuk-do, Korea) |
|
Tel |
+82-54-279-7114 |
|
Fax |
+82-54-279-7999 |
|
Other Address-1st Factory |
6, Yongyeon-ro, Nam-gu, Ulsan, Korea (Old Address System : 20-1, Seongam-dong,
Nam-gu, Ulsan, Korea) |
|
Tel |
+82-52-703-5805 |
|
Fax |
+82-52-703-6944 |
|
Other Address-2nd Factory |
658, Dangwol-ro, Onsan-eup, Ulju-gun,
Ulsan, Korea (Old Address System : 134, Cheoyong-ri,
Onsan-eup, Ulju-gun, Ulsan, Korea) |
|
Tel |
+82-52-711-2000 |
|
Fax |
+82-52-708-2000 |
|
Other Address-3rd Factory |
74, Daejeong-ro, Onsan-eup, Ulju-gun,
Ulsan, Korea (Old Address System : 919, Wonsan-ri, Onsan-eup,
Ulju-gun, Ulsan, Korea) |
|
Tel |
+82-52-711-3000 |
|
Fax |
+82-52-708-3000 |
|
Other Address-Pohang Factory |
1133, Haean-ro, Heunghae-eup, Buk-gu,
Pohang-si, Gyeongsangbuk-do, Korea |
|
Tel |
+82-54-240-2301 |
|
Fax |
+82-54-240-2410 |
|
Other Address-Gwangyang Factory |
2, Taein 4-gil, Gwangyang-si, Jeollanam-do,
Korea |
|
Tel |
+82-61-798-3114 |
|
Fax |
+82-61-792-2691 |
|
Other Address-Incheon Factory |
241, Incheon tower-daero, Yeonsu-gu,
Incheon, Korea |
|
Tel |
+82-32-748-5533 |
|
Fax |
+82-32-748-5516 |
|
Type |
Export |
|
Industry |
Manufacture of Other Structural Metal Products |
|
Main Business |
Heat Exchanger, High Pressure Gas Facilities |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
06/15/1989 |
The Subject owns
the premises of registered HQ address, 2nd Factory and 3rd
Factory.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Fixed network equipment and components(43221700) |
|
Sell |
Naval architecture(81101506) |
|
Sell |
Heat exchangers(40101802) |
|
Buy |
Iron plate(30102203) |
|
Buy |
Tube and tubing(31231300) |
|
Buy |
Ferrous alloy tubing(31231301) |
|
Name |
You Kwang-Jae |
|
Address |
|
|
Date of Birth |
04/1952 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
41,879,298,000 |
||||||||||||||||||||||||||||||
|
Employees |
1,207 |
||||||||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 051310) as of 11/29/2007 A Company of POSCO GROUP |
||||||||||||||||||||||||||||||
|
Bank Details |
Shinhan Bank Busan Bank Korea Development Bank |
||||||||||||||||||||||||||||||
|
Corporate Registered No. |
181211-0010898 |
||||||||||||||||||||||||||||||
|
Business Registered No. |
610-81-08943 |
||||||||||||||||||||||||||||||
|
Permit & Licenses |
04/26/1993 KS Mark Int’l Trade No.: 914536 |
||||||||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||||||||
|
Company History |
06/15/1989 Incorporated as Sungjin Machinery
Co., Ltd. 12/15/2000 Changed company name to SUNG JIN GEOTEC CO., LTD. 11/15/2004 Designated as a Venture Business 11/2006 Awarded US$100 Million Export Top
Prize 12/2008 Awarded US$300 Million Export Top
Prize 03/18/2009 Agreed with the 8 Creditors(banks)
on Execution of Management Normalization Plan 11/2009 Awarded US$400 Million Export Top
Prize 06/01/2010 Joined as a Company of POSCO
GROUP 12/23/2011 Completed Fast Track Program 01/11/2012 Increased capital to
27,323,359,000 KRW from 24,720,023,500 KRW 07/01/2013
Changed company name to the present name after acquiring POSCO PLANTEC
CO., LTD.(174611-0012176) 07/01/2013 Moved to the present HQ address
from 20-1, Seongam-dong, Nam-gu, Ulsan, Korea |
||||||||||||||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Date of Birth |
|
President & CEO |
Mr. |
You Kwang-Jae |
Male |
Korean |
1952.04 |
|
Sr. Executive Director |
Mr. |
Woo Hyung-Taik |
Male |
Korean |
1960.07 |
|
Director |
Mr. |
Han Sung-Hee |
Male |
Korean |
1958.10 |
|
Director |
Mr. |
Jeon Jung-Sun |
Male |
Korean |
1962.08 |
|
Outside Director |
Mr. |
Kim Jong-Bok |
Male |
Korean |
1950.02 |
|
Outside Director |
Mr. |
Kim Jong-In |
Male |
Korean |
1950.03 |
|
Auditor |
Mr. |
Han Dong-Hee |
Male |
Korean |
1958.11 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)06/2014 |
313,390,690,765 |
876,080,432,393 |
-83,713,824,314 |
|
(*)2013 |
597,561,033,063 |
900,408,993,376 |
-98,434,927,285 |
|
(*)2012 |
703,235,671,895 |
762,945,943,330 |
-29,219,029,938 |
|
(*)2011 |
632,849,524,871 |
717,389,329,936 |
-59,180,844,111 |
|
(*)2010 |
395,936,146,352 |
601,147,725,595 |
16,026,206,338 |
|
2009 |
380,143,415,599 |
588,858,361,490 |
-6,368,828,873 |
|
2008 |
520,147,104,194 |
682,154,196,426 |
-191,037,240,536 |
|
2007 |
361,712,402,715 |
382,622,231,264 |
10,402,866,870 |
|
2006 |
214,861,678,841 |
217,632,483,298 |
13,232,292,428 |
|
2005 |
181,749,101,780 |
159,370,437,799 |
5,537,650,337 |
(*)Figures are based
on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
100,000,000,000 |
|
Paid-Up Capital(KRW) |
41,879,298,000 |
|
Total Issued Shares |
81,178,596 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
01/01/2014~06/30/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total Assets |
876,080,432,393 |
900,408,993,376 |
762,945,943,330 |
|
Current
Assets |
562,725,325,983 |
593,693,428,337 |
506,255,214,652 |
|
Cash & Cash Equivalents |
6,419,340,520 |
12,714,068,669 |
3,253,502,445 |
|
Current Financial Instruments |
3,365,704,850 |
4,127,363,972 |
4,855,000,557 |
|
Trade Receivables & Other
Receivables |
205,237,693,487 |
230,992,283,838 |
196,821,204,780 |
|
Derivatives |
25,509,962,060 |
655,488,697 |
|
|
Other Receivables-Construction |
253,138,460,384 |
269,219,819,543 |
235,533,106,927 |
|
Inventories |
29,952,590,899 |
28,014,480,481 |
28,654,841,088 |
|
Deferred Income Tax Assets |
404,976,627 |
42,629,482 |
56,446,440 |
|
Other Current Assets |
38,696,597,156 |
47,927,293,655 |
37,081,112,415 |
|
Non-Current
Assets |
313,355,106,410 |
306,715,565,039 |
256,690,728,678 |
|
Non-Current Financial Instruments |
343,000,000 |
223,000,000 |
0 |
|
Long-Term Trade Receivables &
Other Receivables |
22,820,965,328 |
16,146,103,390 |
3,999,537,548 |
|
Marketable Financial Instruments |
4,899,628,558 |
3,897,306,271 |
1,237,705,549 |
|
Investment_Subsidiaries |
136,397,063 |
136,397,063 |
3,000,070,872 |
|
Investment_Related Companies |
56,527,500 |
56,527,500 |
2,056,527,500 |
|
Tangibles |
245,070,268,283 |
242,357,542,344 |
194,394,998,349 |
|
Investment_Real Estate |
227,951,809 |
234,975,901 |
0 |
|
Intangibles |
14,111,373,652 |
14,954,040,195 |
8,960,876,560 |
|
Deferred Income Tax Assets |
25,641,428,322 |
28,483,017,404 |
43,041,012,300 |
|
Other
Non-Current Assets |
47,565,895 |
226,654,971 |
0 |
|
Total
Liabilities |
754,509,736,400 |
765,480,661,820 |
632,363,868,249 |
|
Current
Liabilities |
545,181,629,501 |
558,549,811,502 |
496,891,549,530 |
|
Trade Payables & Other
Payables |
87,945,663,089 |
119,124,637,102 |
94,581,685,025 |
|
Short-Term Borrowings |
397,772,608,661 |
360,301,413,252 |
180,657,106,448 |
|
Provisions |
4,883,268,456 |
7,120,564,223 |
3,634,168,062 |
|
Current Portion of Long-Term
Debts |
|
|
147,619,945,608 |
|
Other Payables-Construction |
49,649,298,772 |
64,943,338,702 |
64,313,102,540 |
|
Finance Guarantee Debts |
172,363,595 |
175,872,353 |
0 |
|
Other Current Liabilities |
4,758,426,928 |
6,883,985,870 |
6,085,541,847 |
|
Non-Current
Liabilities |
209,328,106,899 |
206,930,850,318 |
135,472,318,719 |
|
Long-Term Trade Payables &
Other Payables |
219,722,028 |
301,291,193 |
0 |
|
Long-Term Borrowings |
87,000,000,000 |
87,000,000,000 |
126,166,000,000 |
|
Debentures |
99,765,065,309 |
99,697,357,149 |
0 |
|
Derivatives |
|
|
202,452,692 |
|
Other Long-Term Finance Debts |
571,385,281 |
636,787,999 |
0 |
|
Provision for Severance &
Retirement |
21,418,504,281 |
19,265,533,577 |
7,313,727,537 |
|
Provisions |
353,430,000 |
29,880,400 |
1,790,138,490 |
|
Capital
Stock |
41,879,298,000 |
32,409,298,000 |
27,323,359,000 |
|
Capital Surplus |
473,642,294,129 |
412,484,915,841 |
319,143,538,828 |
|
Others |
-591,662,948 |
-376,981,966 |
49,716,128 |
|
Profit Surplus |
-393,359,233,188 |
-309,588,900,319 |
-215,934,538,875 |
|
Total Equity |
121,570,695,993 |
134,928,331,556 |
130,582,075,081 |
|
Liab. & Shareholder’s Equity |
876,080,432,393 |
900,408,993,376 |
762,945,943,330 |
|
Income Statement |
|||
|
Unit : Korean Won |
01/01/2014~06/30/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
313,390,690,765 |
597,561,033,063 |
703,235,671,895 |
|
Cost of Sold Goods |
342,645,601,480 |
621,647,888,451 |
663,555,584,314 |
|
Gross Profit |
-29,254,910,715 |
-24,086,855,388 |
39,680,087,581 |
|
Selling Expenses |
2,864,577,756 |
7,352,505,152 |
4,511,248,479 |
|
Admin. Expenses |
15,268,080,618 |
25,581,218,911 |
21,539,290,330 |
|
R&D |
936,811,996 |
1,748,113,377 |
2,476,341,269 |
|
Operating Income |
-48,324,381,085 |
-58,768,692,828 |
11,153,207,503 |
|
Finance Income |
1,117,109,756 |
3,023,063,104 |
8,202,980,513 |
|
Finance Expenses |
10,680,549,335 |
23,247,492,998 |
23,016,376,269 |
|
Other Non-Operating Income |
2,872,710,285 |
2,984,018,349 |
1,438,821,563 |
|
Other Non-Operating Expenses |
13,576,871,660 |
9,421,472,123 |
2,958,786,730 |
|
Profits from Investment on
Related Companies |
|
2,056,694,123 |
|
|
Profits from Foreign Exchange Rate |
-12,366,019,154 |
2,222,815,275 |
-16,046,790,741 |
|
Income Before Taxes |
-80,958,001,193 |
-85,264,455,344 |
-21,226,944,161 |
|
Income Taxes Expenses |
2,755,823,121 |
13,170,471,941 |
7,992,085,777 |
|
Net Income |
-83,713,824,314 |
-98,434,927,285 |
-29,219,029,938 |
|
Cash Flows |
|||
|
Unit : Korean Won |
01/01/2014~06/30/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Operating
Activities Cash Flows |
-75,570,535,340 |
-74,746,955,244 |
-112,305,281,779 |
|
Net Income |
-83,713,824,314 |
-98,434,927,285 |
-29,219,029,938 |
|
Adjustment |
17,328,952,374 |
46,179,935,782 |
-56,815,164,002 |
|
Dividends Received |
10,410,000 |
374,029,713 |
112,864,604 |
|
Interests Received |
437,688,475 |
372,307,552 |
739,429,175 |
|
Interests Paid |
-9,271,414,730 |
-23,249,730,106 |
-27,156,125,010 |
|
Income Taxes |
-362,347,145 |
11,429,100 |
32,743,392 |
|
Cash Flows from Investing |
-39,698,329,790 |
257,159,937 |
-7,345,477,053 |
|
Cash Flows from Financing |
108,932,640,798 |
84,090,982,431 |
94,205,241,939 |
|
Increase/Decrease in Cash |
-6,294,728,149 |
9,460,566,224 |
-25,461,119,629 |
|
Cash at the Beginning of Year |
12,714,068,669 |
3,253,502,445 |
28,714,622,074 |
|
Cash at the End of Year |
6,419,340,520 |
12,714,068,669 |
3,253,502,445 |
|
Main Products & Services |
Plant Business -Column & Tower -Reactor -Pressure Vessel -Heat Exchanger Module Business -Gas Treatment -Manifold Unit (Offshore) -Deck Module(Top Side Module) -Desalination Marine Business -Semi & Compete Product for Offshore
Floaters & Semi-Submergership Rig -PE & Mega Block, Shipbuilding Block -Drilling Module, Jack-Up Rigs Power & Energy Business -Angle Type -Pipe Type -HRSG |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
POSCO(174611-0000741) HYUNDAI HYSCO(110111-0302416) SAEWOON STEEL CO., LTD.(180111-0030261) PUSAN STEEL CO., LTD.(180111-0049345) INDUSTEEL(EUROPE) J.F.E(JAPAN) |
|
Customers |
LARSEN & TURBO LIMITED(INDIA) KRUPP CANADA(CANADA) SK ENGINEERING & CONSTRUCTION CO., LTD.(110111-0038805) IMPERIAL OIL RESOURCES VENTURES LTD. ESSAR CONSTRUCTIONS LTD. |
|
Competitors |
DBI CORP. 123-1, SINBOK-RI, YONGHYEON-MYEON,
SACHEON-SI, GYEONGSANGNAM-DO, KOREA TEL:+82-55-835-7690~3 FAX:+82-55-835-7694~5 ENERGYEN CORPORATION RM. 920, RAEMIAN SEOCHO UNIVILLE, 1445-4,
SEOCHO 1-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-583-9762 FAX:+82-2-583-9761 ILSUNG CORPORATION 917, WONSAN-RI, ONSAN-EUP, ULJU-GUN, ULSAN,
KOREA TEL:+82-52-231-7514~5 FAX:+82-52-239-0333 |
|
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) POSDATA CO., LTD.(110111-0658637) SAMJUNG PACKING AND ALUMINUM CO.,
LTD.(174611-0000866) POSCON(174611-0002242) POSCO TERMINAL CO., LTD.(204611-0017575) POSTEEL(110111-0344591) POSTECH VENTURE CAPITAL
COOPERATION(174611-0029080) POSMATE CO., LTD.(110111-0739841) SNNC CO., LTD.(204611-0023415) P&R CO., LTD.(171711-0076545) SEOUNG GWANG CO., LTD.(120111-0222844) ENTOB CORPORATION(110111-2059362) POSFINE 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. POSCO SPECIALTY STEEL CO., LTD.
(194211-0025248) POSCON(174611-0002242) POSMEC(POSCO MACHINERY & ENGINEERING
CO., LTD.)(174611-0012176) POSCO MACHINERY CO., LTD.(206411-0010175) POS-A.C.CO.,LTD.(174611-0003448) POSTEEL(110111-0344591) SEOUNG GWANG CO., LTD.(120111-0222844) POSCO RESEARCH INSTITUTE(110111-1042350) POSTECH VENTURE CAPITAL COOPERATION
(174611-0029080) POSCO TERMINAL CO., LTD.(204611-0017575) POSCO ENGINEERING & CONSTRUCTION CO.,
LTD.(174611-0002979) POSCO POWER CORPORATION(110111-1829576) POSWITH CO., LTD.(171711-0075927) PT.ISI (PT.INTERNATIONAL STEEL INDONESIA) PT. MRI (PT. MOTTA RESOURCES INDONESIA) POSCO CORE INDIA PVT. LTD. POSCO (YANTAI) AUTOMOTIVE PROCESSING CENTER
CO., LTD. |
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
MALAYSIA BRANCH B-2-2 MEGAN AVENUE 1, 189, JALAN TUN RAZAK
50400 KUALA LUMPUR MALAYSIA TEL:+603-2163-0127 CALGARY BRANCH, USA SUITE 2118 140-4TH AVENUS SW CALGARY,
ALBERTA, USA TEL:+1-403-452-7357 INDIA BRANCH GF-19, AUGUSTA POINT SECTOR-53, GOLF COURSE
ROAD GURGAON, HARYANA-122002 INDIA TEL:+91-0124-429-2045 |
|
Joint Venture |
SUNGJIN DRIVER INC (50.0% held by the subject company) |
|
Subsidiary |
SUNGJIN CANADA LTD. (70.0% held by the subject company) POSCO PLANTEC THAILAND CO. LTD. (82.4% held by the subject company) |
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078) |
Not Available.
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
Busan District Court |
- |
The Subject Company(9 Cases) |
Claim for Compensation from Damages |
11,839,866,000 |
Proceeding |
-----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.75 |
|
|
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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.