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MIRA
INFORM REPORT
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Report No. : |
485505 |
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Report Date : |
10.01.2018 |
IDENTIFICATION DETAILS
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Name : |
POSCO
DAEWOO CORPORATION |
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Formerly Known As : |
DAEWOO INTERNATIONAL CORPORATION |
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Registered Office : |
10, Tongil-ro, Jung-gu, Seoul, Korea 13th Fl., Yonsei Severance Bldg. 04527 |
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Country : |
South Korea |
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Financials (as on) : |
30.09.2017 |
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Date of Incorporation : |
27.12.2000 |
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Com. Reg. No.: |
104-81-58195 |
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Legal Form : |
Listed Company |
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Line of Business : |
·
Export/Import Wholesale of
Non-Specialized Goods Cold Rolled Product, Auto-Component, Impassioned
Performance Product, Synthetic Resin ·
Sale of Motor Vehicle
Upholstery, Parts and Accessories |
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|
|
|
No. of Employees : |
1,897 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A++ |
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 2016, the economy experienced slow growth – 2%-3% per year - due to sluggish domestic consumption, a drop in foreign demand for South Korean exports, increased competition from regional rivals such as China and Japan, and declining investment. The administration in 2016 faced the challenge of balancing heavy reliance on exports with domestic restructuring efforts in the country’s shipbuilding and shipping industries.
The South Korean economy's short-term challenges include a potential loss of consumer confidence due to issues with its mobile phone industry, as well as uncertainty stemming from a tumultuous domestic political situation. In the long-term, South Korea must deal with a rapidly aging population, inflexible labor market, dominance of large conglomerates (chaebols), and the heavy reliance on exports, which comprise more than 40% of GDP. South Korea’s low overall unemployment rate masks problems with high youth unemployment, low worker productivity, high labor underutilization, and low female participation in the workforce. The government has tried to implement structural reforms, but continues to face significant headwind from vested interests. Finally, the country could eventually face an unprecedented financial burden in the event the unification of the Korean Peninsula were to occur.
|
Source
: CIA |
Basic Information
Basic
|
Company Name |
POSCO
DAEWOO CORPORATION (Ex.
Company Name : DAEWOO INTERNATIONAL CORPORATION) (Trade Name : DWIC) |
|
Registered Address |
10, Tongil-ro, Jung-gu, Seoul, Korea |
|
Building |
13th Fl., Yonsei Severance Bldg. |
|
Zip Code |
04527 |
|
Tel |
+82-2-759-2114 |
|
Fax |
+82-2-753-9489 |
|
E-mail |
webmaster@daewoo.com;jekwak@daewoo.com;jspark6@daewoo.com; wikim@daewoo.com |
|
Website |
www.posco-daewoo.com |
|
Trading Address |
9~21 Fl., NEAT Tower, 165, Convensia-daero,
Yeonsu-gu, Incheon, Korea (Old Address System : 9~21 Fl., NEAT Tower,
6-10, Songdo-dong, Yeonsu-gu, Incheon, Korea) |
|
Tel |
+82-2-759-2114 |
|
Fax |
+82-2-753-9489 |
|
Other Address-Busan Factory |
1746-1, Songjeong-dong, Gangseo-gu, Busan,
Korea |
|
Tel |
+82-51-960-3114 |
|
Fax |
+82-51-988-2614 |
|
Other Address-Daewoo Dept. Store |
28, Sinpodong 2-ga, Masan-si,
Gyeongsangnam-do, Korea |
|
Tel |
+82-55-240-5000 |
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Wholesale of Non-Specialized Goods |
|
Main Business |
Cold Rolled Product, Auto-Component, Impassioned
Performance Product, Synthetic Resin |
|
Sub
Business |
Sale of Motor Vehicle Upholstery, Parts and
Accessories |
|
Established (mm/dd/yyyy) |
12/27/2000 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Vocational training(86100000) |
|
Sell |
Steel plate(30102204) |
|
Sell |
Steel(11101704) |
|
Sell |
Chemicals including Bio Chemicals and Gas
Materials(12000000) |
|
Sell |
Fibers(11151500) |
|
Sell |
Distribution(80141700) |
|
Sell |
Transportation components and
systems(25170000) |
|
Sell |
Structural materials and basic
shapes(30100000) |
|
Sell |
Base Metals(11101700) |
|
Sell |
Industrial process machinery and equipment
and supplies(23150000) |
CEO’s
|
Name |
Kim
Young-Sang |
|
Date of Birth |
01/26/1957 |
|
Title |
President
& CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
616,875,745,000 |
||||||||||||||||||
|
Employees |
1,897 |
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|
Formation |
Listed Company (Koreas Stock Exchange :
047050) as of 03/23/2001 A Company of POSCO Group |
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|
Bank Details |
Woori Bank-Corporate Finance HQ Korea Development Bank Kyungnam Bank KEB Hana Bank |
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Corporate Registered No. |
110111-2137358 |
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Business Registered No. |
104-81-58195 |
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Permit & Licenses |
Int’l Trade No.: 672861 |
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Shareholder Position |
|
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|
Company History |
03/ 22/1967 Incorporated as Daewoo
Industrial Co., Ltd 01/01/1982 Merged with Daewoo Development
Co., Ltd; changed name to Daewoo Corporation 12/27/2000 Changed company name to DAEWOO INTERNATIONAL
CORPORATION as a result of spin-off plan of DAEWOO CORPORATION 03/ 23/2001 Listed at KSE again 11/ 15/2002 Granted Preliminary Graduation
of Work-Out 12/ 30/2003 Completed the Work-Out Program 04/13/2004 Increased capital to
474,943,880,000 KRW from 473,146,840,000 KRW 01/15/2007 Established DAEWOO STC VINA
LTD., in Vietnam 02/26/2007 Secured the developing right on
Myanmar’ Ocean AD-7 Zone 06/27/2007 Awarded Shareholders’ Value
Award 05/19/2008 Moved to the present HQ address
from Daewoo Center Bldg., 541, Namdaemunno 5-ga, Jung-gu, Seoul, Korea 05/14/2010 POSCO(174611-0000741) has been
designated as a preferable negotiating Partner for M&A on the Subject
Company by KOREA ASSET MANAGEMENT
CORPORATION(KAMCO : 114671-0023169). 09/20/2010
Acquired 68,681,566 shares(68.2%) by POSCO 11/01/2010 Joined as an affiliated company
of POSCO GROUP 06/22/2012 Increased capital to 569,381,455,000 KRW from 529,815,770,000 KRW 01/26/2015 Moved to the Trading address
from 10, Tongil-ro, Jung-gu, Seoul, Korea (Old Address System : 13th Fl.,
Yonsei Severance Bldg., 84-11, Namdaemunno 5-ga, Jung-gu, Seoul, Korea
(C.P.O. Box 2810)) 03/14/2016 Changed company name to the
present name 11/04/2016 Decided to acquire Steel
Business from POSCO Processing & Service Co., Ltd.(110111-0344591) as of
03/03/2017 03/02/2017 Increased capital to
616,875,745,000 KRW from 569,381,455,000 KRW |
Detailed Information
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
President & CEO |
Kim
Young-Sang |
Korean |
01/26/1957 |
07/27/2015 |
|
Vice President |
Jeon Kook-Hwan |
Korean |
09/04/1958 |
03/14/2016 |
|
Director |
Jeong Tak |
Korean |
04/05/1959 |
03/13/2017 |
|
Outside Director / Auditor |
Kang Hee-Cheol |
Korean |
10/05/1958 |
03/14/2016 |
|
Outside Director / Auditor |
Lee Ki-Young |
Korean |
02/04/1961 |
03/14/2016 |
|
Outside Director / Auditor |
Choi Do-Sung |
Korean |
10/18/1952 |
03/16/2015 |
|
Outside Director / Auditor |
Song Byung-Joon |
Korean |
10/09/1955 |
05/11/2015 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
09/2017 |
15,628,717,251,000 |
8,590,336,777,000 |
124,540,875,000 |
|
2016 |
15,417,229,613,000 |
7,419,599,721,000 |
123,708,754,000 |
|
2015 |
16,881,039,629,000 |
7,474,312,056,000 |
81,850,203,000 |
|
2014 |
19,938,097,326,000 |
8,631,128,655,000 |
173,421,149,000 |
|
2013 |
16,601,357,664,000 |
7,739,676,359,000 |
132,540,678,000 |
|
2012 |
16,760,371,965,000 |
6,989,139,520,000 |
306,041,024,000 |
|
2011 |
18,489,192,354,000 |
7,823,738,433,000 |
160,087,808,000 |
|
2010 |
15,664,736,502,000 |
6,247,274,381,000 |
2,207,449,000 |
Financial
Description
|
Authorized Capital(KRW) |
2,500,000,000,000 |
|
Paid-Up Capital(KRW) |
616,875,745,000 |
|
Total Issues Shares |
123,375,149 |
|
Balance
Sheet |
|||
|
Unit : Thousand Korean Won |
01/01/2017~09/30/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Total
Assets |
8,590,336,777 |
7,419,599,721 |
7,474,312,056 |
|
Current
Assets |
4,829,216,356 |
4,017,870,023 |
3,915,700,016 |
|
Cash
& Cash Equivalents |
61,042,058 |
43,921,872 |
83,431,496 |
|
Trade
Receivables & Other Receivables |
3,974,527,693 |
3,494,714,113 |
3,388,220,073 |
|
Other
Current Financial Instruments |
406,531 |
3,082,572 |
1,420,833 |
|
Derivatives |
38,937,471 |
41,046,521 |
68,868,389 |
|
Other
Current Assets |
109,977,308 |
77,467,587 |
53,552,749 |
|
Inventories |
644,325,295 |
357,637,358 |
320,206,476 |
|
Non-Current
Assets |
3,761,120,421 |
3,401,729,698 |
3,558,612,040 |
|
Long-Term
Trade Receivables & Other Receivables |
451,645,403 |
449,172,758 |
551,658,971 |
|
Other
Non-Current Financial Instruments |
93,605,652 |
98,713,149 |
100,113,895 |
|
Investment_Related
Companies |
693,489,895 |
665,227,077 |
679,446,691 |
|
Tangibles |
639,959,692 |
290,830,680 |
306,147,282 |
|
Intangibles |
1,546,795,933 |
1,553,763,444 |
1,629,248,837 |
|
Investment_Real
Estates |
158,354,366 |
161,003,948 |
163,912,188 |
|
Deferred
Income Tax Assets |
177,269,480 |
179,872,321 |
125,288,691 |
|
Deferred
Income Tax |
|
3,146,321 |
2,795,485 |
|
Total
Liabilities |
5,838,738,533 |
4,988,662,898 |
5,107,402,305 |
|
Current
Liabilities |
4,647,397,091 |
3,653,752,083 |
3,532,760,725 |
|
Trade
Payables & Other Payables |
1,734,316,709 |
1,657,860,060 |
1,166,364,476 |
|
Short-Term
Borrowings |
2,348,735,134 |
1,470,791,535 |
1,833,824,419 |
|
Current
Portion of Debenture |
366,405,734 |
294,732,831 |
349,799,067 |
|
Derivatives |
49,272,619 |
71,803,610 |
72,559,984 |
|
Other
Current Liabilities |
129,495,512 |
113,945,499 |
59,392,671 |
|
Deferred
Income Tax Credit |
19,171,383 |
44,618,548 |
50,820,108 |
|
Non-Current
Liabilities |
1,191,341,442 |
1,334,910,815 |
1,574,641,580 |
|
Long-Term
Trade Payables & Other Payables |
31,395,408 |
28,429,682 |
31,419,076 |
|
Long-Term
Borrowings |
220,991,663 |
456,808,954 |
576,855,393 |
|
Debentures |
827,366,594 |
759,477,309 |
894,963,169 |
|
Other
Non-Current Debts |
1,587,609 |
1,587,609 |
566,136 |
|
Provision
for Severance & Retirement |
15,766,495 |
3,569,267 |
14,405,567 |
|
Provisions |
94,233,673 |
85,037,994 |
56,432,239 |
|
Capital
Stock |
616,875,745 |
569,381,455 |
569,381,455 |
|
Others |
560,434,306 |
354,289,970 |
355,582,722 |
|
Profit
Surplus |
1,574,288,193 |
1,507,265,398 |
1,441,945,574 |
|
Total
Equity |
2,751,598,244 |
2,430,936,823 |
2,366,909,751 |
|
Liab.
& Shareholder’s Equity |
8,590,336,777 |
7,419,599,721 |
7,474,312,056 |
|
Income
Statement |
|||
|
Unit : Thousand Korean Won |
01/01/2017~09/30/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Sales |
15,628,717,251 |
15,417,229,613 |
16,881,039,629 |
|
Cost
of Sold Goods |
14,789,768,627 |
14,392,092,451 |
15,734,625,496 |
|
Gross
Profit |
838,948,624 |
1,025,137,162 |
1,146,414,133 |
|
Selling
& Admin. Expenses |
566,542,500 |
720,836,415 |
801,792,928 |
|
Operating
Income |
272,406,124 |
304,300,747 |
344,621,205 |
|
Finance
Income |
632,690,637 |
1,074,444,724 |
1,281,173,951 |
|
Finance
Expenses |
684,953,286 |
1,048,190,546 |
1,282,620,049 |
|
Other
Non-Operating Income |
6,416,542 |
10,356,857 |
21,724,350 |
|
Other
Non-Operating Expenses |
47,680,943 |
187,540,722 |
273,790,492 |
|
Income
Before Taxes |
178,879,074 |
153,371,060 |
91,108,965 |
|
Income
Taxes Expenses |
54,338,199 |
29,662,306 |
9,258,762 |
|
Net
Income |
124,540,875 |
123,708,754 |
81,850,203 |
|
Cash
Flows |
|||
|
Unit : Thousand Korean Won |
01/01/2017~09/30/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Operating
Activities Cash Flows |
-7,304,972 |
849,604,022 |
1,101,522,415 |
|
Net
Income |
124,540,875 |
123,708,754 |
81,850,203 |
|
Adjustment |
285,905,061 |
766,808,782 |
1,053,097,845 |
|
Changes
in Asset/ & Liability |
-350,708,556 |
|
|
|
Interests
Received |
18,769,768 |
31,571,370 |
34,014,632 |
|
Dividends
Received |
32,393,444 |
74,374,367 |
34,625,923 |
|
Interests
Paid |
-52,381,176 |
-56,404,606 |
-56,535,571 |
|
Income
Taxes |
-65,824,388 |
-90,454,645 |
-45,530,617 |
|
Cash
Flows from Investing |
-130,260,423 |
-88,325,734 |
-196,970,167 |
|
Cash
Flows from Financing |
155,583,564 |
-800,814,348 |
-915,339,596 |
|
Increase/Decrease
in Cash |
18,018,169 |
-39,536,060 |
-10,787,348 |
|
Cash
at the Beginning of Year |
43,921,872 |
83,431,496 |
93,136,484 |
|
Cash
at the End of Year |
61,042,058 |
43,921,872 |
83,431,496 |
Products, Technologies, Services Description
|
Main Products & Services |
Steel, Metal, Chemical, Automotive and
Component, Machinery, Media and Electronics, Textiles, Commodity and Energy International trading, resource development
in foreign countries, domestic and international investments in business,
foreign projects, support of small and medium sized companies Brand Name : DAEWOO, 大宇,
DAENYX, DAYTEK |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
Trade Partners & Competitors
|
Suppliers |
TSM TECH CO., LTD. 4BA-505-1, SIHWA INDUSTRIAL COMPLEX, 748-6,
SEONGGOK-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO 425-110 KOREA TEL: 82-31-432-5511 FAX: 82-31-432-0412 INDUSTRY: MANUFACTURE OF ALL OTHER SPECIAL
PURPOSE MACHINERY, N.E.C. DONG HWA CO., LTD. 584-1, GAJWA 1-DONG, SEO-GU, INCHEON
404-812 KOREA TEL: 82-32-870-1500 FAX: 82-32-867-2238 INDUSTRY: MANUFACTURE OF OTHER PARTS AND
ACCESSORIES FOR MOTOR VEHICLES SSANGYONG MOTOR CO.,LTD.(110111-0035132) 150-3, CHILGOE-DONG, PYEONGTAEK-SI,
GYEONGGI-DO, KOREA TEL:+82-31-610-1114 FAX:+82-31-610-3700 INDUSTRY: MANUFACTURE OF PASSENGER MOTOR
VEHICLES |
|
Customers |
Payment: In case of exporting, mostly it is
paid by D/A, D/P and USANCE base with Export Insurance coverage. |
|
Competitors |
SK NETWORKS CO., LTD.(130111-0005199) HYOSUNG CORPORATION(110111-0030497) LG INTERNATIONAL
CORPORATION(110111-0004632) SAMSUNG C&T CORPORATION(110111-0002975) HYUNDAI CORPORATION(110111-0205850) SSANGYON CORPORATION(110111-0031479) |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
POSCO(174611-0000741) POSCO COATED & COLOR STEEL CO.,
LTD.(174611-0006492) POSCO ENGINEERING & CONSTRUCTION CO.,
LTD.(174611-0002979) POSDATA CO., LTD.(110111-0658637) POSCO REFRACTORIES & ENVIRONMENT CO.,
LTD.(174611-0001947) SAMJUNG PACKING AND ALUMINUM CO.,
LTD.(174611-0000866) POS-A.C. CO., LTD.(174611-0003448) POSCO ENGINEERING & CONSTRUCTION CO.,
LTD.(174611-0002979) POSCO RESEARCH INSTITUTE(110111-1042350) POSCO CHEMTECH CO., LTD.(174611-0001947) POSTEEL(110111-0344591) POSCO SPECIALTY STEEL CO., LTD.
(194211-0025248) POSMEC(POSCO MACHINERY & ENGINEERING
CO., LTD.)(174611-0012176) POSCO TERMINAL CO., LTD.(204611-0017575) POSTECH VENTURE CAPITAL COOPERATION
(174611-0029080) POSMATE CO., LTD.(110111-0739841) POSCO POWER CORPORATION(110111-1829576) SNNC CO., LTD.(204611-0023415) PHP CO., LTD.(120111-0421545) POSBRO(110111-3528986) SUWON GREEN ENVIRONMENT
CORPORATION(134811-0133794) POSCORE CO., LTD.(134811-0003343) RIZTECH BIZ CO., LTD. POSWITH CO., LTD.(171711-0075927) P&R CO., LTD. UITRANS CO., LTD.(110111-3792309) BASYS INDUSTRY CO. LTD.(110111-0954647) UNIVERSAL STUDIOS RESORT DEVELOPMENT
CORPORATION(134811-0167222) METAPOLIS CO., LTD.(134811-0094475) SEOUNG GWANG CO., LTD.(120111-0222844) CHEONGNA IBT CO., LTD.(120111-0454520) POHANG FEUL CELL CO., LTD.(171711-0076256) MEGA ASSET CO., LTD.(161511-0097480) DAEWOOENGINEERING COMPANY CO.,
LTD.(110111-0203268) POS ECO HOUSING CO., LTD.( 171711-0085893) DAKOS CO., LTD.(131111-0246297) MAPO HYBROAD PARKING CO., LTD.(110111-4250140) GWANGYANG FSC CO., LTD.(204611-0031385) POSPLATE CO., LTD.(204611-0031252) POS CALCIUM CO., LTD.(171711-0086180) (70.0% held by the subject company) |
|
Affiliates-Overseas |
POSCO MEXICO
PROCESSING CENTER HOLDING, LLC. (29.00%
held by the subject company) POSCO-ESDC
LTD. (20.00%
held by the subject company) POSCO IJPC (20.00%
held by the subject company) GENERAL
MEDICINES CO.,LTD. (33.00%
held by the subject company) KOREA LNG
LTD. (20.00%
held by the subject company) KG POWER(M)
SDN. BHD. (20.00%
held by the subject company) GLOBAL KOMSCO
DAEWOO LLC (35.00%
held by the subject company) SOUTH-EAST
ASIA GAS PIPELINE COMPANY LIMITED. (25.04%
held by the subject company) KOREA SIBERIA
WOOD CJSC (50.00%
held by the subject company) DMSA/AMSA (4.00%
held by the subject company) DAEWOO GLOBAL
DEVELOPMENT PTE. LTD. (30.00%
held by the subject company) VNS-DAEWOO
CO., LTD. (40.00%
held by the subject company) PT. BATUTUA
TEMBAGA RAYA (24.10%
held by the subject company) YULCHON
MEXICO S. A. DE C. V. (10.00%
held by the subject company) |
|
Overseas Office |
DAEWOO
INT'L(JAPAN) CORP. OSAKA BRANCH NIHON SEIMEI
YODOYABASHI BLDG, 8TH FL., 5-29, 3-CHOME, KITAHAMA, CHUO-KU, OSAKA, 541-0041
JAPAN TEL:+81-6-6222-0848~9
FAX:+81-6-6222-0865 DAEWOO
INT'L(JAPAN)CORP. NAGOYA BRANCH 6F,NAGOYA
HIROKOJI BLDG 3-1,SAKAE 2CHOME, NAKA-KU. NAGOYA, 460-0008 JAPAN TEL:+81-52-222-3717
FAX:+81-52-222-3719 DAEWOO INT’L
LONDON BRANCH OFFICE 10TH FLOOR CI
TOWER ST.GEORGES SQUARE, NEW MALDEN, SURREY KT3 4HH,UNITED KINGDOM TEL:+44-208-336-9131~3
FAX:+44-208-949-3783 OFICINA DE
MADRID CAPITAN HAYA,
56, 6FLOOR-D, 28020 MADRID, SPAIN TEL:+34-91-571-0563
FAX:+34-91-571-6827 ISTANBUL
OFFICE CUMHURIYET
CAD.MERKEZ APT.163/7, 34373 ELMADAG - ISTANBUL TURKEY TEL:+90-212-232-1567/1592/1757
FAX:+90-212-232-1994 MOSCOW OFFICE LENINSKY
PROSPECT 158. HOTEL SALYUT, OFFICE 303, MOSCOW, 117571, RUSSIA TEL:+7-095-234-9242/9244
FAX:+7-095-234-9249 TASHKENT
OFFICE 4TH FLOOR, 1,
BUKHARA STEET, TASHKENT, 700015, UZBEKISTAN TEL:+998-71-133-0111,
0311 FAX:+998-71-133-2114 TORONTO
BRANCH SUITE
#403,1500 DON MILLS ROAD, NORTH YORK, ONTARIO CANADA, M3B 3K4 TEL:+1-416)510-2886
FAX:+1-416)510-0908 MEXICO BRANCH BOSQUES DE
CIRUEOS NO,130-5 PISO, COL, BOSQUES DE LAS LOMAS C.P.11700 MEXICO D.F.,MEXICO TEL:+52-55)5596-5757,4243
FAX:+52-55)5596-1585 SUCURSAL
BUENOS AIRES TALCAHUANO
833, PISO 7 - F, (C1013AAQ) CAP. FED. BUENOS AIRES, ARGENTINA TEL:+54-11)4816-3201
FAX:+54-11)4815-1158 DAEWOO DO
BRASIL IMP. E EXP LTDA AV. PAULISTA
777, 13 ANDAR CEP-0311-100, SAO PAULO-S.P, BRASIL TEL:+55-11)3285-5699
FAX:+55-11)3266-4125 |
|
Overseas Office |
BEIJING
REPRESENTATIVE OFFICE OFFICE C-701,
BEIJING LUFTHANSA CENTER 50 LIANGMAQIAO ROAD, CHAOYANG DISTRICT BEIJING
100016, CHINA TEL:+
86-10-6465-2226 FAX:+86-10-6465-1531, 1532 SHANGHAI
OFFICE ROOM
1303-1309 RUIJIN B/D 205, MAO-MING ROAD(SOUTH) TEL:+86-21-6472-4280
FAX:+86-21-6472-0437 DALIAN OFFICE DALIAN WORLD
TRADE CENTER ROOM 2602 NO.25, TONGXING STREET, ZHONGSHAN DISTRICT, DALIAN,
CHINA TEL:+86-411-8253-0808
FAX:+86-411-8253-0070 HARBIN OFFICE HARBIN BAOIL
TECHNICAL BUILDING #810 NO. 93 ZHONGSHAN ROAD, XIANGFANG DISTRICT,
HARBIN,HEILONGJANG PROV., CHINA(POSTAL CODE :150036) TEL:+86-451-8233-0434,
0466, 6431 FAX:+86-451-8233-0264 CHANGCHUN
OFFICE NOBLE HOTEL
ROOM. 818 NO.4501 REMIN STREET, CHANGCHUN, JILIN PROVINCE, CHINA(POSTAL CODE
:130021) TEL:+86-431-563-0676,
567-4753 FAX:+86-431-567-4759 SHENYANG
OFFICE SHENYANG
TIMES PLAZA 6 F1.NO.99 BEIZHAN ROAD, SHENHE DISTRICT, SHENYANG, LIAONING
PROVINCE, CHINA(POSTAL CODE :110013) TEL:+86-24-2253-4496
FAX:+86-24-2253-4529 QINGDAO
OFFICE #703, FUTAI PLAZA
OFFICE TOWER, NO. 18 HONGKONG ZHONG ROAD, QINGDAO CHINA TEL:+86-532-8573-1688/8788
FAX:+86-532-8572-7588 WUHAN BRANCH #709 WUHAN
INT'L TRADE COMMERCE CENTER. NO. 566, JIANSHE AVE, WUHAN CHINA,(POSTAL CODE:
430022) TEL:+86-27-8577-0993
FAX:+86-27-8577-0992 GUANGZHOU
REPRESENTITIVE OFFICE ROOM 1301,
GITIC PLAZA MAIN BLDG. 339 HUANSHI DONG ROAD, GUANGZHOU, CHINA TEL:+86-20-8331-1371
FAX:+86-20-8331-2789 KUNMING
OFFICE ROOM 915
HORIZON JIANGUO HOTEL, 432 QINGNIAN ROAD, KUNMING, YUNNAN, CHINA(POSTAL CODE
: 650021) TEL:+86-871-318-3373
FAX:+86-871-318-0371 SHANTOU
REPRESENTATIVE OFFICE B/18F
EVERGREEN BUILDING, EAST JINSHA ROAD, SHANTOU, CHINA(POSTAL CODE : 515041) TEL:+86-754-816-3442~4,
816-9536 FAX:+ 86-754-816-3445 |
|
Overseas Office |
TAIWAN BRANCH 8FL-1, NO.51,
KEELUNG RD., SEC2, TAIPEI, TAIWAN TEL:+
886-2-8732-5557
FAX:+886-2-8732-5537/5856/5857 AUSTRALIA
REPRESENTATIVE OFFICE SUITE 2 LEVEL
4, 621 PACIFIC HIGHWAY ST. LEONARDS, NSW 2065 AUSTRALIA TEL:+
61-2-9906-7355 FAX:+61-2-9906-7588 MANILA REPRESENTATIVE
OFFICE 5TH FLOOR.
PACIFIC STAR BLDG., SEN. GIL J. PUYAT AVENUE COR. MAKATI AVENUE, MAKATI CITY.
PHILIPPINES TEL:+63-2-818-1031~2
FAX:+63-2-817-5267 HANOI OFFICE 3RD FLOOR,
OFFICE TOWER, DAEHA BUSINESS CENTER, 360 KIM MA ST., BA DINH DISTRICT, HANOI,
S.R. VIETNAM TEL:+84-4-8315220
FAX:+84-4-8317889 HOCHIMINH
OFFICE 117-121 LE
LOI ST. 1ST FLOOR, , DIST.1, HOCHIMINH CITY, S.R.VIETNAM TEL:+84-8-821-7740
FAX:+84-8-821-7750 BANGKOK
OFFICE UNIT 1901-1902,
M.THAI TOWER, ALL SEASONS PLACE, 87 WIRELESS ROAD, LUMPINI, PATHUMWAN,
BANGKOK 10330,THAILAND TEL:+66-2-654-0124~8
FAX:+66-2-654-0129 JAKARTA
BRANCH LIPPO PLAZA
7TH FLOOR JL. JEND. SUDIRMAN KAV 25, JAKARTA 12920 INDONESIA P.O.BOX 2810 TEL:+62-21-520-4520
FAX:+62-21-520-3478 NEW DELHI
OFFICE 4/6, FIRST
FLOOR, SIRIFORT INSTITUTIONAL AREA,NEW DELHI-110049, INDIA TEL:+91-11-649-8201~3
FAX:+91-11-649-5387, 4792 |
|
Overseas Office |
NEW DELHI
OFFICE 4/6, FIRST
FLOOR, SIRIFORT INSTITUTIONAL AREA,NEW DELHI-110049, INDIA TEL:+91-11-649-8201~3
FAX:+91-11-649-5387, 4792 TEHRAN BRANCH NO. 27, REZA
NAYEBI ST., VESSAL SHIRAZI AVE., P.O. BOX 14155-3531, TEHRAN, IRAN TEL:+98-21-646-3571~7
FAX:+98-21-646-9805, 649-2057 DUBAI BRANCH P.O.BOX 8090 FLAT
NO.221 OUD METHA BLDG., AL GARHOUD ROAD, DUBAI, U.A.E. TEL:+971-4-324-8240
FAX:+971-4-324-8241 TEL AVIV
OFFICE FLOOR 12TH,
AVIV TOWER BLDG. A, 48PETACH TIKVA ROAD. TEL AVIV 66184, ISRAEL TEL:+972-3-537-2292
FAX:+972-3-537-2286 RIYADH OFFICE KING FAISAL
FOUNDATION BLDG. SOUTH TOWER, 8TH FLOOR, P.O.BOX 89644, RIYADH 11692 SAUDI
ARABIA TEL:+966-1-464-6814,
6211 FAX:+966-1-464-6814 AMMAN OFFICE QATEEF STR.,
HOUSE #24, UMM OTHINA, AMMAN, JORDAN TEL:+962-6-553-6451~2
FAX:+962-6-553-6453 BAGHDAD
OFFICE NO. 10
STREET, 29 QT, 601, MANSUR, BAGHDAD, IRAQ TEL:+964-1-543-1663,
5701 FAX:+964-1-542-9258 CAIRO LIAISON
OFFICE FLAT NO. 64,
GEZIRAH TOWER 1, ROAD NO. 151, MAADL CAIRO, EGYPT TEL:+20-2-525-6012,
524-0810 FAX:+20-2-525-6015 NAIROBI
BRANCH INTERNATIONAL
HOUSE 5TH FLOOR, MAMA NGINA STEERT P.O.BOX 43739 G.P.O NAIROBI KENYA TEL:+254-20-316108,
316109 FAX:+254-20-316135 |
|
Overseas Office |
RABAT BRANCH ANGLE RUE DE
HONAINE ET 16 NOVEMBRE, IMM 2, APT 11 AGDAL, B.P 8153 RABAT, MOROCCO TEL:+213-37-674509
FAX:+212-37-674510 ALGERIA
BRANCH HOTEL
INTERNATIONAL ALGER, ROOM #225, PINS MARITIMES, ALGER, ALGERIA TEL:+213-21-210752
FAX:+213-21-219796 TUNIS OFFICE CHEZ
SOREPRAS, 92, RUE 18, JANVIER 1952 1001 TUNIS, TUNISIA TEL:+216-71-334051
FAX:+216-71-334051 LUANDA OFFICE AV.HIJI YA
HENDA, TORRE B, 2O. ANDAR, APTO. B(AO ESTADIO DA CIDADELA), P.O.BOX 513, LUANDA, ANGOLA TEL:+244-2-263635,
263931, 263966 FAX:+244-2-263670 JOHANNESBURG
BRANCH 1ST FLOOR,
FEDSURE TOWERS 13 FREDMAN DRIVE SADOWN, SANDTON 2196 REPUBLIC OF SOUTH AFRICA
P.O.BOX 786734 SANTON 2146 SA TEL:+27-11-784-1326
FAX:+27-11-784-1301 |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
POSCO DAEWOO AMERICA CORP,(Ex. DAEWOO INT'L
(AMERICA) CORP.) (100.00% held by the subject company) POSCO DAEWOO DEUTSCHLAND GMBH.(Ex. DAEWOO
INT'L (DEUTSCHLAND) GMBH) (100.00% held by the subject company) POSCO DAEWOO JAPAN CORP.(Ex. DAEWOO INT'L
JAPAN CORP.) (100.00% held by the subject company) POSCO DAEWOO SINGAPORE PTE LTD.(Ex. DAEWOO
INT'L SINGAPORE PTE. LTD.) (100.00% held by the subject company) POSCO DAEWOO CHINA CO., LTD. DAEWOO PAPER MANUFACTURING CO., LTD. POSCO DAEWOO DEUTSCHLAND GMBH POSCO DAEWOO ITALIA S.R.L.(Ex. DAEWOO
ITALIA S.R.L.) (100.00% held by the subject company) POSCO DAEWOO MEXICO S.A. de C.V.(Ex. DAEWOO
INT'L MEXICO S.A. DE C.V.) (100.00% held by the subject company) POSCO DAEWOO INT'L SHANGHAI CO., LTD. (100.00% held by the subject company) POSCO DAEWOO INT'L (M) SDN BHD (100.00% held by the subject company) POSCO DAEWOO INDIA PVT., LTD.(Ex. DAEWOO
INT'L INDIA PRIVATE LIMITED) (100.00% held by the subject company) MYANMAR DAEWOO LTD. (100.00% held by the subject company) POSCO DAEWOO TEXTILE FERGANA LLC (100.00% held by the subject company) POSCO DAEWOO TEXTILE BUKHARA LLC (100.00% held by the subject company) POSCO DAEWOO AUSTRALIA HOLDINGS PTY.
LTD.(Ex. DAEWOO INT'L AUSTRALIA HOLDINGS PTY. LTD.) (100.00% held by the subject company) POSCO DAEWOO AAPC CORPORATION (100.00% held by the subject company) |
|
Subsidiary |
DAEWOO EL SALVADOR S.A. DE C.V. (88.00% held by the subject company) BRASIL SAO PAULO STEEL PROCESSING CENTER (51.00% held by the subject company) PT. BIO INTI AGRINDO (85.00% held by the subject company) POSCO DAEWOO VIETNAM CO., LTD.(Ex. DAEWOO
INT'L VIETNAM CO., LTD.) (100.00% held by the subject company) POSCO DAEWOO MYANMAR CORPORATION
LIMITIED(Ex. MYANMAR DAEWOO INT'L CORP.) (100.00% held by the subject company) POSCO DAEWOO E&P CANADA CORP. (100.00% held by the subject company) DAEWOO POWER AND INFRA (PTY) LTD. (100.00% held by the subject company) POSCO DAEWOO POWER(PNG POM) LTD.(Ex.
HANJUNG POWER LTD.) (100.00% held by the subject company) DAEWOO PRECIOUS RESOURCES CO., LTD. (60.00% held by the subject company) POSCO DAEWOO POWER(PNG POM) LTD.(Ex. DAEWOO
POWER PNG LTD.) (100.00% held by the subject company) |
|
Corporate Ownership |
POSCO(174611-0000741) |
|
Major Shareholders |
POSCO(174611-0000741) |
|
Cooperative Enterprise |
SAUDI STEEL
PIPE-SAUDI ARABIA SEARS /
K-MART -USA ASH / ARGOS -
USA PDC-VIETNAM MPE - MYANMAR UNIPLAST -
UKRAINE CEMEX TRADING
LLC - USA VYKSA -
RUSSIA PWP - USA CHERRY
AUTOMOBILE - CHINA MYGYAR SUZUKI
– JAPAN -Insured
Company LIG INSURANCE CO., LTD(110111-0017859) |
Sales by Region (Activity & Markets)
|
Sales/ Unit :Mil KRW |
2016 |
2015 |
2014 |
|
Export |
14,245,446 |
15,628,300 |
18,241,169 |
|
Domestic |
1,171,784 |
1,252,740 |
1,696,928 |
|
Total |
15,417,230 |
16,881,040 |
19,938,097 |
The Subject exports to Asia, China, North America.
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
|
Kim Jae-Cheon & Others(1) |
The Subject Company |
Refund of Inappropriate profit |
USD 433,000 |
proceeding |
|
|
|
Park Bae-Ok & Others(627) |
The Subject Company |
Salaries |
628,000,000 |
proceeding |
|
|
|
Han Chang-Eun & Others(46) |
The Subject Company |
Salaries |
47,000,000 |
proceeding |
|
|
|
DAEWOO CORPORATION(110111-0150138) |
The Subject Company |
Surplus |
500,000,000 |
proceeding |
|
|
|
LBA |
The Subject Company |
Claim for Damages |
EUR 5,000,000 |
Proceeding |
|
05/2002 |
Mumbai District Court |
Industrial Development Bank of India (IDBI) |
The Subject Company |
Guaranteed Liabilities |
INR 4,458,849 |
Proceeding |
|
|
|
Acciona Pacer Joint Venture (APJV) |
The Subject Company |
Claim
for Compensation from Damages |
CAD 79M |
Filed as of 11/17/2016 Proceeding |
|
|
|
IRAQ |
The Subject Company |
Claim
for Compensation from Damages |
- |
Proceeding |
|
|
|
Logistec USA Inc. |
The Subject Company |
Claim for Damages |
USD 75,000 |
Proceeding |
|
|
|
CBX RESOURCES, LLC |
The Subject Company |
Claim for Damages |
- |
Proceeding |
|
|
|
Bayoil (USA), Inc |
The Subject Company |
Claim for Damages |
- |
Proceeding |
|
|
|
Petrochemical Commercial Company |
The Subject Company |
Receivables |
EUR 3,270,000 |
Proceeding |
|
|
|
Henghou Industries (Hong Kong) Limited |
The Subject Company |
Claim for Damages |
CNY 14,089,000 |
Proceeding |
|
|
|
Ningbo Foreign TradeCo., Ltd. |
The Subject Company |
Claim for Damages |
CNY 28,112,000 |
Proceeding |
|
|
|
Dynatec Madagascar |
The Subject Company |
Claim for Damages |
USD 199,862,000 |
Proceeding |
There are 21(Domestic : 11 / Overseas : 10) cases filed as
Defendant(s)/ Debtor(s)/ Respondent(s) amounting 9,903,000,000 KRW, USD
15,644,000, EUR 2,747,000, INR 4,518,694,000, CAD 79,000,000 and PKR
124,775,000, and 23 cases filed as Plaintiff(s)/ Creditor(s)/ Applicant(s) as
of 09/30/2017.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.47 |
|
|
1 |
INR 86.15 |
|
Euro |
1 |
INR 75.92 |
|
KRW |
1 |
INR 0.060 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.