|
Report No. : |
321750 |
|
Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
KOREA SUPERCONDUCTOR CO., LTD. |
|
|
|
|
Registered Office : |
28, Guryong-ro 4nam-gil, Uiryeong-eup, Uiryeong-gun, Gyeongsangnam-do |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
27.07.2007 |
|
|
|
|
Com. Reg. No.: |
606-86-05409 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Inorganic Pigments and Other Metal Oxides |
|
|
|
|
No. of Employees : |
45 |
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 : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
South
Korea |
|
|
|
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, and is currently the world's 12th largest economy. 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 sluggish growth because of external market slowdowns. 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.
|
Source
: CIA |
|
Company Name |
KOREA SUPERCONDUCTOR CO., LTD. |
|
Registered Address |
28,
Guryong-ro 4nam-gil, Uiryeong-eup, Uiryeong-gun, Gyeongsangnam-do, Korea |
|
Building |
|
|
Zip Code |
636-803 |
|
Tel |
+82-51-831-3322 |
|
Fax |
+82-51-831-7765 |
|
E-mail |
sales@ksc-pipes.com |
|
Website |
www.ksc-pipes.com |
|
Trading Address |
28, Guryong-ro 4nam-gil, Uiryeong-eup,
Uiryeong-gun, Gyeongsangnam-do, Korea (Old Address System : 1542-3, Dongdong-ri,
Uiryeong-eup, Uiryeong-gun, Gyeongsangnam-do, Korea) |
|
Tel |
+82-55-573-8880 |
|
Fax |
+82-55-573-8885 |
|
Other Address |
|
|
Tel |
|
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Manufacture of Inorganic Pigments and Other Metal Oxides |
|
Main Business |
Superconductor, Stainless Steel
Tube, Nickel Alloy Tube, Titanium Tube |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
07/27/2007 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Stainless steel pipe(40142117) |
|
Sell |
Tube and tubing(31231300) |
|
Name |
Jung Min-Sub (Mobile : +82-10-9439-0706) |
|
Address |
Suite 112-1101, 45, Haewon-ro, Jinhae-gu, Changwon-si,
Gyeongsangnam-do, Korea |
|
Date of Birth |
01/04/1981 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
2,000,000,000 |
||||||||||||
|
Employees |
45 |
||||||||||||
|
Formation |
Co., Ltd by Shares |
||||||||||||
|
Bank Details |
Gyungnam Bank Korea Development Bank-Jinju Branch |
||||||||||||
|
Corporate Registered No. |
180111-0601757 |
||||||||||||
|
Business Registered No. |
606-86-05409 |
||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 30708503 |
||||||||||||
|
Shareholder Position |
|
||||||||||||
|
Company History |
07/27/2007 Incorporated as the present name 07/07/2008 Moved to the present HQ address
from 1495-6, Songjeong-dong, Gangseo-gu, Busan, Korea 07/18/2008 Increased capital to
2,000,000,000 KRW from 1,050,000,000 KRW |
||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Jung Min-Sub |
Male |
Korean |
01/27/2014 |
|
Director |
Mr. |
Jung Myung-Nam |
Male |
Korean |
05/19/2009 |
|
Director |
Mr. |
Jung Sung-Hoon |
Male |
Korean |
01/27/2014 |
|
Auditor |
M/S. |
Jung So-Jin |
Female |
Korean |
07/27/2007 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2014 |
78,958,905,917 |
54,113,376,375 |
1,523,788,544 |
|
2013 |
73,949,181,459 |
46,028,460,357 |
1,091,334,704 |
|
2012 |
84,995,985,482 |
37,181,866,656 |
1,980,131,802 |
|
2011 |
89,009,088,519 |
29,440,269,669 |
3,231,590,923 |
|
2010 |
52,930,506,481 |
25,542,836,163 |
2,392,314,951 |
|
Authorized Capital(KRW) |
4,000,000,000 |
|
Paid-Up Capital(KRW) |
2,000,000,000 |
|
Total Issued Shares |
200,000 |
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total Assets |
54,113,376,375 |
46,028,460,357 |
37,181,866,656 |
|
Current Assets |
30,952,133,189 |
22,160,937,604 |
15,103,602,427 |
|
-Quick Assets |
12,974,862,017 |
10,563,957,762 |
6,612,322,705 |
|
-Inventories |
17,977,271,172 |
11,596,979,842 |
8,491,279,722 |
|
Fixed Assets |
23,161,243,186 |
23,867,522,753 |
22,078,264,229 |
|
-Investment |
2,178,438,560 |
2,792,083,029 |
364,353,430 |
|
-Tangibles |
20,011,772,349 |
20,291,706,724 |
21,199,657,799 |
|
-Intangibles |
880,480 |
- |
|
|
-Others |
970,151,797 |
783,733,000 |
514,253,000 |
|
Total Liabilities |
42,154,075,561 |
35,592,948,087 |
27,837,689,090 |
|
Current Liabilities |
35,364,678,125 |
30,353,518,087 |
18,214,166,876 |
|
Fixed Liabilities |
6,789,397,436 |
5,239,430,000 |
9,623,522,214 |
|
Capital Stock |
2,000,000,000 |
2,000,000,000 |
2,000,000,000 |
|
Capital Surplus |
|
|
|
|
Profit Surplus |
9,959,300,814 |
8,435,512,270 |
7,344,177,566 |
|
Capital Adjustment |
|
|
|
|
Total Equity |
11,959,300,814 |
10,435,512,270 |
9,344,177,566 |
|
Liab. & Shareholder’s Equity |
54,113,376,375 |
46,028,460,357 |
37,181,866,656 |
|
Current
Liabilities |
35,364,678,125 |
30,353,518,087 |
18,214,166,876 |
|
Trade Payables |
2,765,678,266 |
2,844,621,987 |
2,534,761,146 |
|
Short-Term Borrowings |
27,827,055,272 |
22,187,623,773 |
9,477,567,131 |
|
Account Payables |
775,638,579 |
874,357,973 |
635,886,769 |
|
Accrued Expenses |
204,109,768 |
275,895,070 |
87,683,158 |
|
Advance Receipts |
700,251,690 |
844,480,653 |
2,047,111,447 |
|
Withholdings |
10,695,010 |
17,305,900 |
8,561,670 |
|
Accrued Income Tax |
387,039,540 |
102,157,640 |
380,955,555 |
|
Current Portion of Long-Term
Debts |
2,694,210,000 |
3,207,075,091 |
3,041,640,000 |
|
Fixed
Liabilities |
6,789,397,436 |
5,239,430,000 |
9,623,522,214 |
|
Long-Term Borrowings |
5,239,450,000 |
5,239,430,000 |
9,623,522,214 |
|
Debentures |
1,500,000,000 |
- |
|
|
Provision for Severance &
Retirement |
108,474,860 |
107,342,380 |
70,869,810 |
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
78,958,905,917 |
73,949,181,459 |
84,995,985,482 |
|
Cost of Sold Goods |
72,060,416,051 |
67,437,978,233 |
80,655,416,611 |
|
Gross Profit |
6,898,489,866 |
6,511,203,226 |
4,340,568,871 |
|
Selling & Admin. Expenses |
1,797,863,313 |
4,231,702,766 |
1,088,659,518 |
|
Operating Income |
5,100,626,553 |
2,279,500,460 |
3,251,909,353 |
|
Non-Operating Income |
587,636,366 |
820,193,060 |
357,182,209 |
|
Non-Operating Expenses |
3,806,446,712 |
1,802,180,432 |
1,110,845,755 |
|
Income Before Taxes |
1,881,816,207 |
1,297,513,088 |
2,498,245,807 |
|
Income Taxes Expenses |
358,027,663 |
206,178,384 |
518,114,005 |
|
Net Income |
1,523,788,544 |
1,091,334,704 |
1,980,131,802 |
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Cash Flows from Operating |
-376,355,645 |
-1,381,954,798 |
-5,018,682,806 |
|
-Net Income |
1,523,788,544 |
1,091,334,704 |
1,980,131,802 |
|
-Exp. without Cash Outflow |
3,838,648,064 |
9,099,721,420 |
5,519,419,144 |
|
-Revenue without Cash Inflows |
-138,381,681 |
-190,675,668 |
-271,783,620 |
|
-Changes in Asset/ & Liability |
-5,600,410,572 |
-11,382,335,254 |
-12,246,450,132 |
|
Cash Flows from Investing |
-5,957,922,616 |
-7,317,908,055 |
-5,996,177,646 |
|
-Cash Inflow from Investing |
3,557,969,398 |
3,504,912,082 |
869,000,000 |
|
-Cash Outflows for Investing |
-9,515,892,014 |
-10,822,820,137 |
-6,865,177,646 |
|
Cash Flows from Financing |
6,284,598,991 |
8,571,552,999 |
11,202,595,624 |
|
-Cash Inflows from Financing |
39,678,405,637 |
45,138,361,360 |
13,759,957,222 |
|
-Cash Outflows from Financing |
-33,393,806,646 |
-36,566,808,361 |
-2,557,361,598 |
|
Increase/Decrease in Cash |
-49,679,270 |
-128,309,854 |
187,735,172 |
|
Cash at the Beginning of Year |
152,402,093 |
280,711,947 |
92,976,775 |
|
Cash at the End of Year |
102,722,823 |
152,402,093 |
280,711,947 |
|
Main Products & Services |
Superconductor, Stainless Steel
Tube, Nickel Alloy Tube, Titanium Tube |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
Competitors |
HIHO METAL CO., LTD. 8TH FL., DONGNAM BLDG., 588-19, SINSA-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2-514-6671 FAX:+82-2-514-6489 DAEHAN METALS CO., LTD. 1769-2, SONGJEONG-DONG, GANGSEO-GU, BUSAN,
KOREA TEL:+82-51-974-6002 FAX:+82-51-831-9008 KYUNGSUNG METAL CO., LTD. 76-12, GUUI 2-DONG, GWANGJIN-GU, SEOUL,
KOREA TEL:+82-2-465-2300 FAX:+82-2-499-2101 |
|
Affiliates |
YANGBO CO., LTD.(KOREA) YB CO., LTD.(KOREA) KBM INCONEL CO., LTD.(180111-0792746) SJ METAL CO., LTD.(KOREA) |
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
|
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
-Insured Company MERITZ FIRE & MARINE INSURANCE CO., LTD.(110111-0013328) |
Not Available.
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.05 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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.