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MIRA
INFORM REPORT
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Report No. : |
486874 |
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Report Date : |
18.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
GS GLOBAL CORP. |
|
|
|
|
Registered Office : |
508, Nonhyeon-Ro, Gangnam-Gu, Seoul, Korea
06141 |
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|
|
|
Country : |
South Korea |
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|
|
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Financials (as on) : |
31.03.2017 |
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|
|
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Date of Incorporation : |
31.07.1954 |
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|
|
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Com. Reg. No.: |
202-81-33028 |
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|
|
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Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Wholesale of Non-Specialized Goods. (Iron & Steel Products, Chemicals, Cement, Machinery, Plants) |
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|
|
|
No. of Employees : |
232 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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|
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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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
South Korea |
A1 |
A1 |
=
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
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High Risk |
C2 |
|
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
|
Company Name |
GS GLOBAL CORP. |
|
Registered Address |
508, Nonhyeon-ro, Gangnam-gu, Seoul, Korea |
|
Building |
10th FI., GS Gangnam Tower |
|
Zip Code |
06141 |
|
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 |
Hur Se-Hong |
|
Date of Birth |
11/21/1969 |
|
Title |
President & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
206,334,410,000 |
|||||||||||||||
|
Employees |
232 |
|||||||||||||||
|
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 07/04/2008 Increased the authorized shares to 400,000,000 shares from
200,000,000 shares 08/07/2008 Split off the par value to 2,500 KRW from 5,000 KRW 07/21/2009 Changed company name to the present name 11/28/2009 Moved to the present HQ address from 24-1, Jeo-dong 2-ga,
Jung-gu, Seoul, Korea 02/23/2011 Increased capital to 56,334,410,000
KRW from 28,167,205,000 KRW 06/11/2016 Increased capital to
206,334,410,000 KRW from 56,334,410,000 KRW |
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
President & CEO |
Hur Se-Hong |
Korean |
11/21/1969 |
03/24/2017 |
|
Executive Director |
Kim Jae-Ryong |
Korean |
12/22/1966 |
03/21/2014 |
|
Outside Director / Auditor |
Kim Kyung-Jong |
Korean |
11/18/1954 |
03/21/2014 |
|
Director |
Jung Taik-Geun |
Korean |
11/30/1953 |
03/27/2015 |
|
Director |
Cho Yoon-Sung |
Korean |
10/16/1958 |
03/27/2015 |
|
Outside Director / Auditor |
Jeon Hyung-Soo |
Korean |
04/27/1953 |
03/27/2015 |
|
Director |
Lee Young-Hwan |
Korean |
03/19/1961 |
03/18/2016 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
677,955,833,387 |
997,444,868,525 |
8,463,751,842 |
|
|
2016 |
2,135,564,329,128 |
1,023,567,790,630 |
4,644,271,619 |
|
2015 |
1,926,449,911,259 |
743,616,326,732 |
-63,648,742,778 |
|
2014 |
2,507,550,944,830 |
819,193,337,124 |
7,709,345,719 |
|
2013 |
2,111,241,259,814 |
661,014,462,322 |
11,190,077,393 |
|
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 |
Financial Description
|
Authorized Capital(KRW) |
1,000,000,000,000 |
|
Paid-Up Capital(KRW) |
206,334,410,000 |
|
Total Issues Shares |
82,533,764 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
01/01/2017~03/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Total
Assets |
997,444,868,525 |
1,023,567,790,630 |
743,616,326,732 |
|
Current Assets |
625,353,444,212 |
645,307,385,947 |
493,918,391,642 |
|
Cash
& Cash Equivalents |
56,611,534,942 |
24,921,414,065 |
34,052,299,246 |
|
Current
Financial Instruments |
1,800,974,579 |
7,052,315,067 |
1,690,144,010 |
|
Trade
Receivables & Other Receivables |
450,685,582,826 |
490,301,054,899 |
365,891,354,535 |
|
Current
Non-Financial Instruments |
46,569,150,076 |
32,017,681,889 |
23,994,356,265 |
|
Prepaid
Taxes |
28,480,738 |
279,203,077 |
174,618,056 |
|
Inventories |
69,657,721,051 |
90,735,716,950 |
68,115,619,530 |
|
Non-Current Assets |
372,091,424,313 |
378,260,404,683 |
249,697,935,090 |
|
Non-Current
Financial Instruments |
10,323,487,902 |
9,095,389,667 |
7,895,655,404 |
|
Investment_Related
Companies |
239,935,912,626 |
239,935,912,626 |
130,300,191,671 |
|
Tangibles |
610,823,911 |
645,108,083 |
1,661,784,820 |
|
Intangibles |
3,794,256,862 |
3,529,190,479 |
4,243,897,183 |
|
Long-Term
Trade Receivables & Other Receivables |
93,414,949,037 |
100,881,190,080 |
80,621,953,090 |
|
Non-Current
Portion of Non-Finance Assets |
2,270,265,313 |
2,431,885,086 |
2,384,968,422 |
|
Deferred
Income Tax Assets |
21,741,728,662 |
21,741,728,662 |
22,589,484,500 |
|
Total Liabilities |
632,829,846,486 |
661,583,731,517 |
541,070,052,539 |
|
Current Liabilities |
507,299,528,741 |
529,030,109,617 |
377,181,880,416 |
|
Trade
Payables & Other Payables |
239,643,660,310 |
278,283,682,591 |
151,430,197,499 |
|
Short-Term
Borrowings |
161,701,494,012 |
139,573,888,494 |
165,145,049,458 |
|
Current
Non-Financial Debts |
38,138,253,100 |
42,292,666,000 |
29,300,000,000 |
|
Other
Current Financial Debts |
33,830,835,297 |
32,173,469,918 |
11,943,270,020 |
|
Current
Portion of Provisions |
466,440,231 |
430,892,068 |
- |
|
Other
Current Non-Financial Debts |
33,518,845,791 |
36,275,510,546 |
19,363,363,439 |
|
Non-Current Liabilities |
125,530,317,745 |
132,553,621,900 |
163,888,172,123 |
|
Long-Term
Trade Payables & Other Payables |
145,861,441 |
148,437,019 |
9,935,999 |
|
Long-Term
Borrowings |
64,574,357,055 |
71,943,386,049 |
67,808,571,338 |
|
Debentures |
59,883,631,727 |
59,864,005,206 |
59,804,555,219 |
|
Other
Non-Current Financial Debts |
385,616,637 |
445,605,105 |
36,133,366,002 |
|
Provision
for Severance & Retirement |
540,850,885 |
152,188,521 |
131,743,565 |
|
Capital Stock |
206,334,410,000 |
206,334,410,000 |
56,334,410,000 |
|
Capital
Surplus |
124,882,988,238 |
124,882,988,238 |
126,145,517,815 |
|
Others |
1,570,234,122 |
7,390,432,521 |
1,118,224,160 |
|
Profit
Surplus |
31,827,389,679 |
23,376,228,354 |
18,948,122,218 |
|
Total
Equity |
364,615,022,039 |
361,984,059,113 |
202,546,274,193 |
|
Liab.
& Shareholder’s Equity |
997,444,868,525 |
1,023,567,790,630 |
743,616,326,732 |
|
Income Statement |
|||
|
Unit : Korean Won |
01/01/2017~03/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Sales |
677,955,833,387 |
2,135,564,329,128 |
1,926,449,911,259 |
|
Cost
of Sold Goods |
656,755,442,717 |
2,052,412,902,025 |
1,849,774,216,792 |
|
Gross
Profit |
21,200,390,670 |
83,151,427,103 |
76,675,694,467 |
|
Selling Expenses |
5,215,278,783 |
14,766,617,383 |
12,849,387,446 |
|
Admin.
Expenses |
9,075,101,367 |
35,199,925,314 |
35,078,620,744 |
|
Operating
Income |
6,910,010,520 |
33,184,884,406 |
28,747,686,277 |
|
Other
Operating Income |
58,905,379,721 |
120,166,090,908 |
85,709,222,628 |
|
Other
Operating Expenses |
53,721,695,981 |
115,048,789,375 |
129,031,898,010 |
|
Finance
Income |
1,457,093,424 |
5,130,776,568 |
9,672,493,687 |
|
Finance
Expenses |
3,491,783,944 |
11,772,060,604 |
9,387,470,634 |
|
Profits from Stocks Disposal |
- |
-26,146,945,354 |
-49,409,042,209 |
|
Income
Before Taxes |
10,059,003,740 |
5,513,956,549 |
-63,699,008,261 |
|
Income
Taxes Expenses |
1,595,251,898 |
869,684,930 |
-50,265,483 |
|
Net
Income |
8,463,751,842 |
4,644,271,619 |
-63,648,742,778 |
|
Cash Flows |
|||
|
Unit : Korean Won |
01/01/2017~03/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Operating Activities Cash Flows |
7,102,196,766 |
13,521,403,584 |
-15,019,804,917 |
|
Net
Income |
8,463,751,842 |
4,644,271,619 |
-63,648,742,778 |
|
-Exp.
without Cash Outflow |
34,160,479,243 |
63,499,091,725 |
125,329,333,857 |
|
-Revenue
without Cash Inflows |
-28,039,445,839 |
-31,025,949,733 |
-26,980,769,632 |
|
Changes
in Asset/ & Liability |
-3,722,939,007 |
-15,142,653,222 |
-44,612,172,111 |
|
Cash
Flows from Operating |
-3,759,649,473 |
-8,453,356,805 |
-5,107,454,253 |
|
Cash Flows from Investing |
-257,336,249 |
-155,838,456,794 |
17,285,537,188 |
|
Cash Flows from Financing |
24,845,260,360 |
133,186,168,029 |
10,572,402,742 |
|
Increase/Decrease in Cash |
31,690,120,877 |
-9,130,885,181 |
12,838,135,013 |
|
Cash at the Beginning of Year |
24,921,414,065 |
34,052,299,246 |
21,214,164,233 |
|
Cash at the End of Year |
56,611,534,942 |
24,921,414,065 |
34,052,299,246 |
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 |
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-Domestic |
SPTECH CO., LTD.(KOREA) (28.57% held by the subject company) USI SERVICE CENTER PRIVATE LIMITED(INDIA) (25.00% held by the subject company) HAENAMBOK GANEUNGWON DEVELOPMENT CO., LTD. (30.00% held by the subject company) LURODA PETROCHEMICAL (TIANJIN) COMPANY LIMITED(CHINA) (25.00% held by the subject company) G&C INTERACTIVE CO., LTD.(110111-2314534) (23.13% held by the subject company) MILL-PRO HONG KONG LTD.(HONG KONG) (40.00% held by the subject company) GS ENTEC CORP.(181211-0008699) (42.19% held by the subject company) |
|
Affiliates-Domestic |
GS HOLDINGS CO., LTD.(110111-3045112) GS RETAIL CO.,LTD.(110111-0090037) GS ENGINEERING & CONSTRUCTION
CORP.(110111-0002694) SAMYANG TONGSANG CO.,LTD.(110111-0033433) COSMO CHEMICAL CO., LTD.(110111-0152738) COSMO ADVANCED MATERIALS & TECHNOLOGY
CO., LTD.(120111-0018251) GS HOME SHOPPING INC.(110111-1111444) GS ENERGY CORPORATION(110111-4765412) GS POWER CO.,LTD.(134111-0074744) HAEYANG CITY GAS. CO., LTD.(200111-0004906) SEORABEOL CITY GAS CO.,LTD.(171211-0024180) GSFUELCELL CO.LTD.(160111-0108202) SAMIL POLYMER CO., LTD.(110111-1933278) GS PLATECH CO., LTD.(160111-0120412) GS NANOTEC CO., LTD.(110111-2089062) SAL DE VIDA KOREA
CORPORATION(144811-0008169) POWER CARBON TECHNOLOGY CO.,
LTD.(110111-3974882) GSE WTE CO.,LTD.(110111-4943191) BORYEONG LNG TERMINAL
CO.,LTD.(164511-0021527) DAEJUNG EM CO., LTD.(120111-0232364) GS-CALTEX CORPORATION(110111-0078819) GS MBIZ CO.,LTD.(110111-1007023) GS PARK 24 CO., LTD.(110111-3413880) INNOPOLYTECH CORPORATION(154311-0009826) GS MBIZ CO.,LTD.(110111-1007023) SANGJI SHIPPING CO.,LTD.(110111-1004243) GS BIO CO.,LTD.(110111-4303030) GS ECOMETAL CO.,LTD.(230111-0168657) WATSONS KOREA CO., LTD.(110111-3136474) FRESH SERVE CO.,LTD.(110111-3646738) GS NETVISION CO., LTD.(110111-3862897) GS TELESERVICE CO., LTD.(110111-2618192) A+B INC.(110111-4639592) TENBYTEN INC.(110111-2316415) GS EPS CO.,LTD.(165011-0004621) PLS CO., LTD.(131311-0093131) GS ENTEC CORP.(181211-0008699) GS E&R CORP.(135011-0121570) E&R SOLAR CO.,LTD.(110111-3788671) GS YEOGYANG WINDPOWER CO.,
LTD.(174511-0004266) STX ELECTRIC POWER CO.,
LTD.(144711-0019225) |
|
Affiliates-Domestic |
GS SPORTS.LTD.(110111-3024330) PARNAS HOTEL CO., LTD.(110111-0411142) EZVILLE,INC.(110111-1934557) XISERVICE CO., LTD.(110111-3141720) G-ESTEC CO., LTD.(110111-3253583) UIJEONGBU LIGHT RAIL TRANSIT CO.,
LTD.(280111-0071743) GCS PLUS CORP.(140111-0033487) BSM CO., LTD.(135511-0187118) SEOUL MUNSAN EXPRESSWAY CO.,
LTD.(110111-3809344) SANGLAK FOOD CO., LTD.(110111-2637837) OKSAN OCHANG HIGHWAY
CORPORATION(110111-4120971) EUN PYEONG NEW ROAD CORP.(110111-4155390) PNS CO., LTD.(110111-4973164) DAEGU GREENENERGYCENTER
CO.,LTD.(110111-5116862) G&M ESTATE CO.,LTD.(110111-5206093) GS NEOTEK CO., LTD.(110111-0166953) SAMYANG INT'L CO., LTD.(110111-0424848) BOHEUN DEVELOPMENT CO.,
LTD.(110111-1557573) CHEMTECH INTERNATIONAL CO.,
LTD.(110111-1967730) OKSAN DISTRIBUTION CO.,
LTD.(110111-1426108) GS ITM CO., LTD.(110111-3451731) SEUNGSAN GROUP CORPORATION(110111-0110653) CENTRAL MOTORS CORP.(131111-0101912) WINASSET CO., LTD.(110111-0720832) NC TAS CO., LTD.(110111-4442622) COSMO FINE CHEMICALS
CO.,LTD.(110111-0531205) COSMO INDUSTRIAL CO.LTD.(150111-0077722) COSMO & COMPANY, INC.(110111-0298243) COSMO CORPORATION CO., LTD.(110111-2559354) LANDMARK ASIA, INC.(110111-2219411) MARUMAN KOREA CO.,LTD.(131111-0093953) XEBIO KOREA CO., LTD.(110111-4853035) MARUMANB&F CO., LTD.(110111-4101591) SAM JOUNG DEVELOPMENT CO.,
LTD.(110111-5005809) GS ASSET MANAGEMENT CO.,
LTD.(110111-3934670) |
|
Affiliates-Overseas |
FRONTIER NEMTWO CORPORATION(MALAYSIA) FRONTIER WOKAM CORPORATION(MALAYSIA) ASIA CLEAN ENERGY LIMITED(MALAYSIA) GS CALTEX SINGAPORE PTE., LTD.(SINGAPORE) GS CALTEX (LANGFANG) PLASTICS CO.,
LTD.(CHINA) GS CALTEX (QINGDAO) ENERGY CO., LTD.(CHINA) GS CALTEX (QINGDAO) PETROLEUM CO.,
LTD(CHINA) GS CALTEX (JINAN) ENERGY CO., LTD.(CHINA) GS CALTEX (YANTAI) ENERGY CO., LTD.(CHINA) GS CALTEX INDIA PTE., LTD. (INDIA) GSC (SUZHOU) PLASTICS CO., LTD.(CHINA) GSC CZECH S.R.O.(CZECH) GS CALTEX CHINA CO., LTD.(CHINA) GS CALTEX TRADING (SUZHOU) CO., LTD.(CHINA) LURODA LUBRICANTS (TIANJIN) CO.,
LTD.(CHINA) GS RETAIL VIETNAM CO., LTD(VIETNAM) PT. GSRETAIL INDONESIA(INDONESIA) GS(SHANGHAI) COMMERCIAL CO., LTD.(CHINA) GLOBAL FASHION DISTRIBUTION SA
(SWISS) GS GLOBAL JAPAN CO., LTD.(JAPAN) GS GLOBAL AUSTRALIA PTY LTD.(AUSTRALIA) GS GLOBAL HONG KONG LTD.(HONG KONG) GS GLOBAL EUROPE GMBH (GERMANY) SSANGYONG RESOURCES PTY LTD.(AUSTRALIA) GS GLOBAL GUANGZHOU CO.,LTD.(CHINA) GS GLOBAL SHANGHAI CO.,LTD.(CHINA) GS GLOBAL USA, INC. (USA) GS GLOBAL SINGAPORE PTE LTD.(SINGAPORE) PT GS GLOBAL RESOURCE(INDONESIA) GS GLOBAL (SUZHOU) STEEL SERVICE CENTER
CO., LTD.(CHINA) MILL-PRO PTY LIMITED (AUSTRALIA) GS GLOBAL E&P (AMERICA)
CORPORATION(USA) GS GLOBAL (NEMAHA) LLC(USA) GS TECHNICAL CONSULTING&SERVICE
(DEZHOU) CO.,LTD.(CHINA) GS E&C NANJING CO.,LTD.(CHINA) GS NHA BE DEVELOPMENTONE-MEMBER
LLC(VIETNAM) GS SAIGON DEVELOPMENTONE-MEMBER LLC(VIETNAM) GS E&C DELHI PRIVATE LTD.(INDIA) GS (CAMBODIA) DEVELOPMENT
CO.,LTD.(CAMBODIA) GS CONSTRUCTION ARABIA CO.,LTD.(SAUDI
ARABIA) GS CONSTRUCTION SAUDI CO., LTD.(SAUDI
ARABIA) GS E&C POLAND SP.ZO.O(POLAND) GS E&C CONSTRUCTION CANADA LTD.(CANADA) GS E&C THAI CO.,LTD.(THAILAND) GS E&C PANAMA S.A.(PANAMA) GS ENGINEERING & CONSTRUCTION SPAIN,
S.L.(SPAIN) GS INIMA ENVIRONMENT S.A.(SPAIN) GS PP DEVELOPMENT CO., LTD.(CAMBODIA) |
|
Affiliates-Overseas |
GS ENGINEERING & CONSTRUCTION MUMBAI
PRIVATE LIMITED(INDIA) AGUAS DE ENSENADA, S.A. DE C.V.(MEXICO) AMBIENT SERVICOS AMBIENTAIS DE RIBEIRAO
PRETO, S.A.(BRAZIL) AQUARIA WATER LLC(USA) ARAUCARIA SANEAMENTO, S.A.(BRAZIL) DESALINIZADORA ARICA LTDA.(CHILLE) GS INIMA CHILE, S.A.(CHILLE) GS INIMA MEXICO, S.A. DE C.V.(MEXICO) GS INIMA USA CONSTRUCTION CORPORATION(USA) GS INIMA USA CORPORATION(USA) GS INIMA BRASIL LTDA.(BRAZIL) PROMOAQUA DESALACION DE LOS CABOS, S.A. DE
C.V.(MEXICO) SANEAMENTO DO VALE DO PARAIBA, S.A.(BRAZIL) SERVICOS DE SANEAMENTO DE MOGI MIRIM,
S.A.(BRAZIL) TECNICAS Y GESTION MEDIOAMBIENTAL,
S.A.(SPAIN) TRACTAMENT METROPOLITA DE FANGS,
S.L.(SPAIN) CASINIMA - EMPREITADA PONTE DA BAIA,
A.C.E.(PORTUGAL) HIALEAH WATER, LLP(USA) GS INIMA SERVICIOS CORPORATIVOS S.A. DE
C.V.(MEXICO) VALORINIMA S.L.(SPAIN) SOCIEDAD DE ECONOMIA MIXTA AGUAS DE SORIA
S.L.(SPAIN) INIMA AMARANTE SOCIEDADES UNIPESSOAL,
LTDA.(PORTUGAL) GSNEOTEK VIETNAM CO.,LTD(VIETNAM) GS NEOTEK L.L.C(OMAN) GS NEOTEK(CAMBODIA)CO.,LTD.(CAMBODIA) GSNEOTEK THAILAND CO.,LTD(THAILAND) QINGDAO SAMYANG LEATHER CO., LTD.(CHINA) SY ENERGY PTE.LTD.(SINGAPORE) SYI INDIA PVT.LTD.(INDIA) FARWEST STEEL CO.(USA) |
|
Affiliates-Overseas |
WESTERN COATING INC(USA) FARWEST STEEL CONTRACTING INC.(USA) FARWEST STEEL REINFORCING CO.(USA) FARWEST STEEL PROPERTIES, INC(USA) GS AROMATICS PTE. LTD(SINGAPORE) ACENOCEAN(SINGAPORE) QINGDAO LIDONG CHEMICAL CO., LTD.(CHINA) QINGDAO LIXING LOGISTICS CO., LTD.(CHINA) GS AROMATICS (QINGDAO) CHEMICAL.
CO.,LTD.(CHINA) QINGDAO LIXING TANK TERMINAL CO., LTD.(CHINA) OCEAN GLORY PTE. LTD.(SINGAPORE) COSMO VIETNAM CO.,LTD.(VIETNAM) COSMO GLOBAL(BEIJING) TRADING CO.,
LTD.(CHINA) SLEEP METHODS, INC.(USA) NATIONAL D&I(RUSSIA) MARUMAN & CO., LTD(JAPAN) COSMO & COMPANY, INC.(USA) COSMO & COMPANY CO., LTD.(JAPAN) COSMO NOBLE TOUR CO., LTD.(JAPAN) GS ENERGY AMERICAS INC.(USA) NEMAHA EXPLORATION AND PRODUCTION LLC(USA) GS ENERGY(JIANGIN) PLASTICS CO., LTD(CHINA) GS ENERGY(SUZHOU) COMPOSITE MATERIAL CO.,
LTD(CHINA) GS ENERGY TRADING SINGAPORE PTE.
LTD.(SINGAPORE) GS E&R AMERICA INC.(USA) GS E&R AMERICA OFFSHORE, LLC(USA) GS E&R AMERICA OLDHOME, LLC(USA) GS E&R AMERICA RIVERBEND, LLC(USA) STX IRELAND LTD.(IRELAND) E&R AMERICA LONEWOLF, LLC.(USA) GS E&R CANADA, INC.(CANADA) E&R SOLAR JAPAN CORPORATION(JAPAN) |
|
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 |
|
Joint Venture |
PLS CO., LTD.(131311-0093131) (90.0% held by the subject company) |
|
Subsidiary |
GS GLOBAL JAPAN CO., LTD.(JAPAN) (100.0% held by the subject company) GS GLOBAL AUSTRALIA PTY LTD.(AUSTRALIA) (100.0% held by the subject company) GS GLOBAL HONG KONG LTD. (HONG KONG) (100.0% held by the subject company) GS GLOBAL EUROPE GMBH(GERMANY) (100.0% held by the subject company) SSANGYONG RESOURCES PTY LTD.(AUSTRALIA) (100.0% held by the subject company) PLS CO., LTD.(131311-0093131) (90.0% held by the subject company) GS GLOBAL GUANGZHOU CO.,LTD.(CHINA) (100.0% held by the subject company) GS GLOBAL SHANGHAI CO.,LTD.(CHINA) (100.0% held by the subject company) GS GLOBAL USA, INC.(USA) (100.0% held by the subject company) GS GLOBAL SINGAPORE PTE LTD.(SINGAPORE) (100.0% held by the subject company) PT GS GLOBAL RESOURCE(INDONESIA) (100.0% held by the subject company) GS GLOBAL E&P (AMERICA)
CORPORATION(USA) (100.0% held by the subject company) GS GLOBAL (SUZHOU) STEEL SERVICE CENTER
CO., LTD.(CHINA) (100.0% held by the subject company) GS GLOBAL TRADING (SHANGHAI) CO., LTD. (100.0% held by the subject company) MILL-PRO PTY. LTD(AUSTRALIA) (50.0% held by the subject company) GS GLOBAL (NEMAHA) LLC(USA) (100.0% held by the subject company) MILL-PRO (HONG KONG) LIMITED(HONG KONG) (40.0% held by the subject company) |
|
Corporate Ownership |
GS HOLDINGS CO.,
LTD.(110111-3045112) |
|
Major Shareholders |
GS HOLDINGS CO.,
LTD.(110111-3045112) |
|
Cooperative Enterprise |
|
Sales by Region (Activity & Markets)
|
Sales/ Unit :Thousand KRW |
03/2017 |
2016 |
2015 |
|
Export |
552,301,053 |
1,732,759,575 |
1,569,265,340 |
|
Domestic |
125,654,780 |
402,804,754 |
357,184,571 |
|
Total |
677,955,833 |
2,135,564,329 |
1,926,449,911 |
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 |
|
|
|
The Subject Company |
Yoo Ji-Woong |
Claim for Compensation |
USD 1,369,000 |
Proceeding |
|
|
|
The Subject Company |
Law Firm SOLON(285046-0005457) |
Cancellation of Fraud Actions |
59,975,000 |
Proceeding |
|
|
|
Kim Jung-Shin |
The Subject Company |
Related to Stocks |
500,000,000 |
Proceeding |
|
|
Federal Supreme Court, Brazil |
ELDORADO |
The Subject Company |
Confirmation on Not Existing Debts |
USD 2,662,000 |
Proceeding |
|
|
|
UNIMARINE & Others(5 Cases) |
The Subject Company |
Claim for Compensation |
USD 2,734,000 / 119,341,000 |
Proceeding |
News Clipping
-----------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.98 |
|
|
1 |
INR 88.13 |
|
Euro |
1 |
INR 78.35 |
|
KRW |
1 |
INR 0.060 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
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.