|
Report No. : |
332546 |
|
Report Date : |
15.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
KTC KOREA CO.,
LTD. |
|
|
|
|
Registered Office : |
13, Yeonnam-ro, Mapo-gu, Seoul, Yeongsang Bldg., Korea 121-869 |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
15.05.1991 |
|
|
|
|
Com. Reg. No.: |
105-81-47309 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Wholesale of Metal Ores. |
|
|
|
|
No. of Employees : |
17 |
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 |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 economic 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. A system of close government and business ties,
including directed credit and import restrictions, initially 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 7% 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 over 6% growth in
2010. The US-Korea Free Trade Agreement was ratified by both governments in
2011 and went into effect in March 2012. Between 2012 and 2014, the economy
experienced slow growth due to sluggish domestic consumption and investment.
The administration in 2015 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 the heavy reliance on exports, which comprise about half of
GDP. In an effort to address the long term challenges and sustain economic
growth, the current government has prioritized structural reforms,
deregulation, promotion of entrepreneurship and creative industries, and the
competitiveness of small and medium enterprises.
|
Source
: CIA |
|
Company Name |
KTC KOREA CO.,
LTD. (Korean Company
Name : “(주)케이티시코리아”) |
|
Registered Address |
13, Yeonnam-ro, Mapo-gu, Seoul, Korea (Old Address System : 567-49,
Yeonnam-dong, Mapo-gu, Seoul, Korea) |
|
Building |
Yeongsang Bldg. |
|
Zip Code |
121-869 |
|
Tel |
+82-2-3144-5052 |
|
Fax |
+82-2-3141-5846 |
|
E-mail |
webmaster@ktckorea.com;ferroalloy@ktckorea.com;metal@ktckorea.com |
|
Website |
www.ktckorea.com |
|
Trading Address |
Yeongsang Bldg., 13, Yeonnam-ro, Mapo-gu, Seoul, Korea (Old Address System : Yeongsang Bldg., 567-49,
Yeonnam-dong, Mapo-gu, Seoul, Korea) |
|
Tel |
+82-2-2068-4647 |
|
Fax |
+82-2-2068-6700 |
|
Other Address-Busan Factory |
1686-5, Songjeong-dong, Gangseo-gu, Busan,
Korea |
|
Tel |
+82-51-831-0517 |
|
Fax |
+82-51-831-0520 |
|
Other Address-Gimpo Branch |
726-2, Gahyeon-ri, Tongjin-eup, Gimpo-si,
Gyeonggi-do, Korea |
|
Tel |
|
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Wholesale of Metal Ores |
|
Main Business |
Ferro Alloy, Non-Ferrous Metal, Aluminum Sheet, Aluminum Coil, Ferro
Molybdenum, Roasted Molybdenum Concentrate |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
05/15/1991 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Aluminum plate(30102206) |
|
Sell |
Aluminum bars(30101606) |
|
Sell |
Aluminum ingots(30103401) |
|
Sell |
Metal scrap(11191600) |
|
Sell |
Iron(11101713) |
|
Sell |
Ferrous alloy(11101712) |
|
Sell |
Bathtub or shower enclosures(30181507) |
|
Sell |
Ferrous alloy(11101712) |
|
Sell |
Steel(11101704) |
|
Sell |
Shutters(30151801) |
|
Sell |
Structural materials and basic
shapes(30100000) |
|
Sell |
Non ferrous alloy(11101711) |
|
Name |
Ahn Ju-Houn |
|
Address |
13, Yeonnam-ro, Mapo-gu, Seoul, Korea |
|
Date of Birth |
10/21/1957 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
5,200,000,000 |
|||||||||||||||
|
Employees |
17 |
|||||||||||||||
|
Formation |
Co., Ltd by shares |
|||||||||||||||
|
Bank Details |
Korea Exchange Bank Kookmin Bank Industrial Bank of Korea Citibank, Korea Hana Bank Nonghyup Bank |
|||||||||||||||
|
Corporate Registered No. |
110111-0776661 |
|||||||||||||||
|
Business Registered No. |
105-81-47309 |
|||||||||||||||
|
Permit & Licenses |
12/2000 ISO 9002 Int’l Trade No.: 528300 |
|||||||||||||||
|
Shareholder Position |
(*)The list is based as of 12/31/2014. |
|||||||||||||||
|
Company History |
05/15/1991 Incorporated as Korea Non-Ferrous Metal
Trading Co., Ltd. 12/1999 Awarded US$10 Million Export Top
Prize 12/10/1999 Increased the authorized shares
to 400,000 shares from 40,000 shares 12/10/1999 Increased the authorized shares
to 2,800,000 shares from 400,000 shares 04/14/200 Changed company name to the present name 07/22/2004 Moved to the present HQ address from 605-4, Mok-dong,
Yangcheon-gu, Seoul, Korea 12/2005 Awarded US$70 Million Export Top
Prize 12/29/2007 Increased capital to
4,500,000,000 KRW from 2,640,000,000 KRW 12/28/2012 increased capital to
5,000,000,000 KRW from 4,500,000,000 KRW 01/2013 Signed the Agreement on Execution
of Management Normalization Plan with the Creditors Association including
Industrial Bank of Korea 01/13/2015 Increased capital to
5,200,000,000 KRW from 5,150,000,000 KRW |
|||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Ahn Ju-Houn |
Male |
Korean |
05/15/1994 |
|
Director |
Mr. |
Jung Eun-Kyu |
Male |
Korean |
03/29/2007 |
|
Outside Director |
Mr. |
Na Myung-Chan |
Male |
Korean |
03/29/2013 |
|
Auditor |
Mr. |
Lim Sil-Geun |
Male |
Korean |
05/21/2012 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
27,108,624,785 |
19,680,850,869 |
-1,125,525,343 |
|
|
2013 |
23,960,045,589 |
18,734,868,420 |
-1,681,420,767 |
|
2012 |
56,039,412,991 |
26,540,560,181 |
-22,591,552,106 |
|
2011 |
136,135,778,570 |
60,266,481,864 |
-9,428,466,517 |
|
2010 |
183,664,851,383 |
71,873,516,598 |
1,333,771,680 |
|
2009 |
106,607,150,295 |
76,287,743,315 |
-9,397,840,999 |
|
2008 |
250,255,973,140 |
78,519,375,518 |
-8,011,319,897 |
|
2007 |
225,117,416,758 |
87,134,273,279 |
1,014,675,988 |
|
2006 |
179,284,521,668 |
72,869,138,186 |
362,683,012 |
|
2005 |
205,055,280,647 |
56,638,933,954 |
8,963,756,844 |
|
2004 |
192,866,313,596 |
64,394,582,907 |
13,492,179,530 |
|
Authorized Capital(KRW) |
14,000,000,000 |
|
Paid-Up Capital(KRW) |
5,200,000,000 |
|
Total Issues Shares |
1,040,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total Assets |
19,680,850,869 |
18,734,868,420 |
26,540,560,181 |
|
Current Assets |
5,837,670,154 |
5,048,944,793 |
12,090,370,585 |
|
-Quick Assets |
3,450,660,281 |
2,237,101,849 |
6,295,151,960 |
|
-Inventories |
2,387,009,873 |
2,811,842,944 |
5,795,218,625 |
|
Fixed Assets |
13,843,180,715 |
13,685,923,627 |
14,450,189,596 |
|
-Investment |
561,877,575 |
663,931,903 |
926,073,459 |
|
-Tangibles |
12,795,098,740 |
12,896,628,724 |
13,012,165,845 |
|
-Intangibles |
8,821,000 |
10,217,000 |
12,236,917 |
|
-Others |
477,383,400 |
115,146,000 |
499,713,375 |
|
Total Liabilities |
32,318,254,901 |
30,396,747,109 |
36,521,018,103 |
|
Current Liabilities |
5,337,817,922 |
30,296,747,109 |
36,259,550,604 |
|
Fixed Liabilities |
26,980,436,979 |
100,000,000 |
261,467,499 |
|
Capital Stock |
5,150,000,000 |
5,000,000,000 |
5,000,000,000 |
|
Capital Surplus |
|
|
|
|
Profit Surplus |
-31,872,645,337 |
-30,747,119,994 |
-29,065,699,227 |
|
Capital Adjustment |
14,085,241,305 |
14,085,241,305 |
14,085,241,305 |
|
Total Equity |
-12,637,404,032 |
-11,661,878,689 |
-9,980,457,922 |
|
Liab. & Shareholder’s Equity |
19,680,850,869 |
18,734,868,420 |
26,540,560,181 |
|
Current Liabilities |
5,337,817,922 |
30,296,747,109 |
36,259,550,604 |
|
Trade Payables |
1,613,353,716 |
60,540,451 |
61,446,865 |
|
Account Payables |
132,530,297 |
111,362,618 |
149,431,715 |
|
Withholdings |
56,780,930 |
6,855,280 |
9,730,730 |
|
Advance Receipts |
15,034 |
150,000,000 |
- |
|
Short-Term Borrowings |
3,498,927,156 |
22,686,361,234 |
26,851,691,382 |
|
Current Portion of Debentures |
- |
7,000,000,000 |
7,000,000,000 |
|
Current Portion of Long-Term Debts |
- |
200,000,000 |
1,675,658,274 |
|
Short-Term Borrowings to Shareholders/ Executives/ Employees |
- |
- |
104,076,288 |
|
Accrued Expenses |
36,210,789 |
81,627,526 |
407,515,350 |
|
Fixed Liabilities |
26,980,436,979 |
100,000,000 |
261,467,499 |
|
Long-Term Borrowings |
19,880,436,979 |
- |
228,170,000 |
|
Debentures |
7,000,000,000 |
- |
|
|
Leasehold Deposit Received |
100,000,000 |
100,000,000 |
33,297,499 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
27,108,624,785 |
23,960,045,589 |
56,039,412,991 |
|
Cost of Sold Goods |
25,878,261,326 |
23,677,722,740 |
57,804,583,172 |
|
Gross Profit |
1,230,363,459 |
282,322,849 |
-1,765,170,181 |
|
Selling & Admin. Expenses |
1,574,613,587 |
2,206,390,962 |
18,869,554,047 |
|
Operating Income |
-344,250,128 |
-1,924,068,113 |
-20,634,724,228 |
|
Non-Operating Income |
663,659,490 |
2,200,386,839 |
4,949,955,966 |
|
Non-Operating Expenses |
1,444,934,705 |
1,957,739,493 |
6,906,783,844 |
|
Income Before Taxes |
-1,125,525,343 |
-1,681,420,767 |
-22,591,552,106 |
|
Income Taxes Expenses |
- |
- |
- |
|
Net Income |
-1,125,525,343 |
-1,681,420,767 |
-22,591,552,106 |
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Cash Flows from Operating |
893,252,338 |
1,648,022,882 |
3,550,349,181 |
|
-Net Income |
-1,125,525,343 |
-1,681,420,767 |
-22,591,552,106 |
|
-Exp. without Cash Outflow |
238,826,438 |
180,123,223 |
18,582,890,213 |
|
-Revenue without Cash Inflows |
-446,641,159 |
-1,183,475,016 |
-1,948,589,618 |
|
-Changes in Asset/ & Liability |
2,226,592,402 |
4,332,795,442 |
9,507,600,692 |
|
Cash Flows from Investing |
-239,026,124 |
3,252,558,886 |
-40,263,692 |
|
-Cash Inflow from Investing |
721,014,998 |
3,258,558,886 |
2,301,373,732 |
|
-Cash Outflows for Investing |
-960,041,122 |
-6,000,000 |
-2,341,637,424 |
|
Cash Flows from Financing |
903,281,809 |
-4,727,598,970 |
-4,124,833,679 |
|
-Cash Inflows from Financing |
7,956,704,498 |
90,000,000 |
50,056,216,842 |
|
-Cash Outflows from Financing |
-7,053,422,689 |
-4,817,598,970 |
-54,181,050,521 |
|
Increase/Decrease in Cash |
1,557,508,023 |
172,982,798 |
-614,748,190 |
|
Cash at the Beginning of Year |
288,019,140 |
115,036,342 |
729,784,532 |
|
Cash at the End of Year |
1,845,527,163 |
288,019,140 |
115,036,342 |
|
Main Products & Services |
FERRO ALLOYS Ferro Silicon (Lump, Fine) Silicon Manganese (HC, MC, LC) Ferro Manganese (HC, MC, LC) Ferro Chrome (HC, MC, LC) Ferro Molybdenum Molybdenum Oxide (Powder, Briquette) Ferro Vanadium Vanadium Pentoxide (Flake, Powder) Ferro Titanium / Ferro Tungsten Ferro Niobium / Ferro Phosphorus Ferro Boron / Ferro Sulphur Calcium Silicon(Lump, Powder), Silicon
Carbide Ferro Silicon Magnesium-RE, Rare Earth
Ferro Silicon Inoculants, Nickel Alloys(Nickel Magnesium) NON-FERROUS METALS & SCRAPS Primary Aluminium Ingot / Aluminium Alloy
Ingot Secondary Aluminium Ingot / Aluminium
Billet Aluminium Wire Rod / Aluminium Master Alloy Copper Cathode / Copper, Brass, Bronze
Ingot Copper Wire Rod, Enamel Wire / Copper
Master Alloy Copper / Brass Coil, Sheet, Plate, Bar,
Tube Zinc Ingot / Ball, Zinc Diecasting Ingot /
Tin Ingot, Tin Solder, Solder wire Lead Ingot, Antimony Lead Ingot / Antimony
Ingot, High Lead Antimony Ingot Magnesium Ingot, Magnesium Alloy Ingot for
diecasting Nickel Cathode / Briquette / Powder Manganese Metal(Flake, Lump), Chrome Metal Cobalt Cathode / Ingot / Granule / Powder Calcium Metal, Misch Metal, Indium Ingot,
Lithium Bismuth Ingot, Cadmium Ingot, Arsenic Metal Beryllium Metal, Strontium, Selenium Powder Tungsten Carbide / Bar / Wire / Powder,
APT, BTO Molybdenium Metal / Bar / Wire / Plate /
Powder Titanium Sponge / Plate / Sheet / Coil /
Bar / Tube STEEL Steel Scrap (HMS No.1,2) / Shredder,
Stainless Steel Scrap Steel Billet, Steel Bloom, Pure Iron Hot Rolled Steel Plate / Coil / Wire Rod,
Cold Rolled Steel Sheet / Coil Hot Rolled Steel Round Bar, Flat Bar,
Forged Steel Deformed Bar, Steel Pipe, I Beam / H Beam,
Angle, Channel Stainless Steel Coil / Sheet / Plate / Bar
/ Wire Rod / Pipe Galvanized Steel Coil / Sheet, Tin Plate High Speed Tool Steel, Bearing Steel,
Special Steel, Casting |
|
Main Products & Services |
Ore & Minerals 1. ORE & CONCENTRATE Iron Ore, Manganese Ore, Chrome Ore Molybdenium Sulphite Concentrate,
wolframite, Scheelite Alumina, Copper / Zinc / Lead / Tin
Concentrate Antimony Concentrate, Vanadium Slag 2. CARBON & GRAPHITE PRODUCTS Graphite Electrode, Carbon Block Electrode Anode Paste, Baked(Carbon)Anode Amorphous Graphite, Natural Flake Graphite
Powder Graphite Scrap, Powder Metallurgical Coke / Foundry Coke Calcinated Petroleum Coke, Pitch Coke Carbon Additive, Cativated Carbon 3. MINERALS Fluospar / Chromite Sand Zirconium Sand / Flour Olivine Sand / Rutile Sand Fire Clay Blick / Bentonite 4. INORGANIC CHEMICAL Antimony Trioxide / Pure Molybdenium Ammonium Molybdate / Sodium Molybdate Zinc Oxide / Cobalt Oxide / Sulphite Manganese Dioxide Titanium Oxide(Rutile, Anatase) Melamine |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
Competitors |
DONGIL INDUSTRIES CO., LTD. 800, JANGHEUNG-DONG, NAM-GU, POHANG-SI,
GYEONGSANGBUK-DO, KOREA TEL:+82-54-285-3201 FAX:+82-54-285-4151 MECHEM KOREA CO., LTD. 9TH FL., ILJIN BLDG., 50-1, DOHWA-DONG,
MAPO-GU, SEOUL, KOREA TEL:+82-2-323-5193 FAX:+82-2-323-5195 TAEKYUNG INDUSTRIAL CO., LTD. 478-6, SIN-DONG, YEONGTONG-GU, SUWON-SI,
GYEONGGI-DO, KOREA TEL:+82-31-206-0071~2 FAX:+82-31-206-0074 |
|
Affiliates-Domestic |
HIVE MATERIAL COMPANY.(110111-1610959) KTC TILE & BATH CO., LTD.(110111-2925117) |
|
Affiliates- Overseas |
KTC FERRO ALLOYS (P) LTD. (100.0% held by the subject company) HONGKONG NON-FERROUS METAL CO., LTD. (100.0% held by the subject company) TIANJIN METAL RESOURCES CO., LTD. (100.0% held by the subject company) KTC EUROPE B.V.I.O. (100.0% held by the subject company) KOIN METAL PVT . LTD |
|
Overseas Office |
KTC, TIANJIN OFFICE, CHINA ROOM 1107 HAIZHU MANSION, 166 XINHUA ROAD,
HEPING DISTRICT, TIANJIN, 300040 TEL:+86-22-2303-4856 FAX:+86-22-2303-4855 KTC, GUANGZHOU OFFICE, CHINA ROOM 2001, SOUTH SECURITIES BUILDING,
140-148 EAST TIYU ROAD, GUANGZHOU, 510620 TEL:+86-20-3887-9941 FAX:+86-20-3887-9977 KTC, MUMBAI OFFICE, INDIA PLAZA, ANDHERI KURLA ROAD, ANDHERI(EAST),
MUMBAI, 400093 TEL:+91-22-2820-7450 FAX:+91-22-2820-7455 KTC FERRO ALLOYS (P) LTD. PLOT NO. 74, EP BONANGI VILLAGE, IDA
PARAWADA, DIST. VISAKHAPATNAM TEL:+91-892-424-7833 FAX:+91-892-424-7825 |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
KWANGYANG METAL CO., LTD.(124411-0076473) (55,0% held by the subject company) KTC FERRO ALLOYS (P) LTD. (100.0% held by the subject company) HONGKONG NON-FERROUS METAL CO., LTD. (90.0% held by the subject company) TIANJIN METAL RESOURCES CO., LTD. (100.0% held by the subject company) KTC EUROPE B.V.I.O. (100.0% held by the subject company) S&S ENTERPRISE CO., LTD.(110111-4139766) (70.0% held by the subject company) |
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
-Insured Company SAMSUNG LIFE INSURANCE CO., LTD.(110111-0005953) HANWHA GENERAL INSURANCE CO., LTD.(110111-0006456) |
The Subject deals
with the companies in Chile, China and India.
No.
-----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.50 |
|
|
1 |
Rs.98.20 |
|
Euro |
1 |
Rs.69.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
|
|
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NB |
New Business |
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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.