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MIRA
INFORM REPORT
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Report No. : |
509219 |
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Report Date : |
12.05.2018 |
IDENTIFICATION DETAILS
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Name : |
KOREA ZINC COMPANY, LTD. |
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Registered Office : |
542, Gangnam-Daero, Gangnam-gu, Seoul |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2017 |
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Date of Incorporation : |
01.08.1974 |
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Com. Reg. No.: |
211-81-11260 |
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Legal Form : |
Listed Company |
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Line of Business : |
Export/Import Manufacture of Smelting, Refining
and Alloys of Lead, Zinc and Tin Zinc Ingots, Lead Ingots, Electronic
Sulfuric Acid, Sodium Sulfate Anhydride, Copper, Gold, Silver, Other Rare
Metals |
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|
|
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No. of Employees : |
1,376 |
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
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South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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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
After emerging from the 1950-53 war with North Korea, South Korea emerged as one of the 20th century’s most remarkable economic success stories, becoming a developed, globally connected, high-technology society within decades. In the 1960s, GDP per capita was comparable with levels in the poorest countries in the world. In 2004, South Korea joined the trillion-dollar club of world economies.
Beginning in the 1960s under President PARK Chung-hee, the government promoted the import of raw materials and technology, encouraged saving and investment over consumption, kept wages low, and directed resources to export-oriented industries that remain important to the economy to this day. Growth surged under these policies, and frequently reached double-digits in the 1960s and 1970s. Growth gradually moderated in the 1990s as the economy matured, but remained strong enough to propel South Korea into the ranks of the advanced economies of the OECD by 1997. These policies also led to the emergence of family-owned chaebol conglomerates such as Daewoo, Hyundai, and Samsung, which retained their dominant positions even as the government loosened its grip on the economy amid the political changes of the 1980s and 1990s.
The Asian financial crisis of 1997-98 hit South Korea’s companies hard because of their excessive reliance on short-term borrowing, and GDP ultimately plunged by 7% in 1998. South Korea tackled difficult economic reforms following the crisis, including restructuring some chaebols, increasing labor market flexibility, and opening up to more foreign investment and imports. These steps lead to a relatively rapid economic recovery. South Korea also began expanding its network of free trade agreements to help bolster exports, and has since implemented 16 free trade agreements covering 58 countries—including the United State and China—that collectively cover more than three-quarters of global GDP.
In 2017, the election of President MOON Jae-in brought a surge in consumer confidence, in part, because of his successful efforts to increase wages and government spending. These factors combined with an uptick in export growth to drive real GDP growth to more than 3%, despite disruptions in South Korea’s trade with China over the deployment of a US missile defense system in South Korea.
In 2018 and beyond, South Korea will contend with gradually slowing economic growth - in the 2-3% range - not uncommon for advanced economies. This could be partially offset by efforts to address challenges arising from its rapidly aging population, inflexible labor market, continued dominance of the chaebols, and heavy reliance on exports rather than domestic consumption. Socioeconomic problems also persist, and include rising inequality, poverty among the elderly, high youth unemployment, long working hours, low worker productivity, and corruption.
|
Source
: CIA |
Basic Information
Basic
|
Company Name |
KOREA ZINC COMPANY, LTD. |
|
Registered Address |
542, Gangnam-daero, Gangnam-gu, Seoul,
Korea (Old Address System : 142, Nonhyeon 1-dong,
Gangnam-gu, Seoul, Korea) |
|
Building |
14th Fl., Youngpoong Bldg. |
|
Zip Code |
06110 |
|
Tel |
+82-2-519-3465 |
|
Fax |
+82-2-549-8245 |
|
E-mail |
hpyoo@koreazinc.co.kr;ronlee@koreazinc.co.kr |
|
Website |
www.koreazinc.co.kr |
|
Trading Address |
14th Fl., Youngpoong Bldg., 142, Nonhyeon 1-dong,
Gangnam-gu, Seoul, Korea |
|
Tel |
+82-2-519-3680 |
|
Fax |
+82-2-549-8245 |
|
Other Address-Onsan Factory |
139, Ijin-ro, Onsan-eup, Ulju-gun, Ulsan,
Korea (Old Address System : 505, Daejeong-ri,
Onsan-eup, Ulju-gun, Ulsan, Korea) |
|
Tel |
+82-52-231-6021 |
|
Fax |
+82-52-239-0131 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Smelting, Refining and
Alloys of Lead, Zinc and Tin |
|
Main Business |
Zinc Ingots, Lead Ingots, Electronic Sulfuric
Acid, Sodium Sulfate Anhydride, Copper, Gold, Silver, Other Rare Metals |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
08/01/1974 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Bar(30101600) |
|
Sell |
Ingots(30103400) |
|
Sell |
Zinc Zn(12141750) |
|
Sell |
Lead(11101714) |
|
Sell |
Inorganic compounds(12352300) |
|
Sell |
Precious metal ingots(30103410) |
|
Sell |
Zinc ingots(30103404) |
|
Sell |
Inorganic acids(12352301) |
|
Sell |
Non ferrous alloy(11101711) |
|
Sell |
Copper ingots(30103408) |
|
Sell |
Magnesium hydroxide(51171503) |
CEO’s
|
Name |
Choi Chang-Keun |
|
Date of Birth |
12/14/1947 |
|
Title |
Chairman & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
94,350,000,000 |
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Employees |
1,376 |
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Formation |
Listed Company (Korea Stock Exchange :
010130) as of 07/28/1990 A Company of YOUNG POONG GROUP |
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Bank Details |
Shinhan Bank-Sales 2 Team Kookmin Bank KEB Hana Bank Woori Bank |
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Corporate Registered No. |
110111-0168404 |
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Business Registered No. |
211-81-11260 |
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Permit & Licenses |
09/2000 KT Mark 06/29/2001 ISO 9001 by LRQA 10/2002 KS Mark 12/18/2004 ISO 14001 by LRQA Int’l Trade No.: 807117 |
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Shareholder Position |
|
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Company History |
08/01/1974 Incorporated as the present name 12/11/1998 Increased capital to
94,350,000,000 KRW from 86,000,000,000 KRW 11/2000 Awarded US$ 700 Million Export Top
Prize 11/2005 Awarded US$ 800 Million Export Top
Prize 12/2006 Awarded US$ 1 Billion Export Top
Prize |
Detailed Information
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
Chairman & CEO |
Choi Chang-Keun |
Korean |
12/14/1947 |
02/28/2007 |
|
President & CEO |
Lee Je-Joong |
Korean |
01/28/1958 |
03/22/2013 |
|
Vice President |
Choi Yoon-Bum |
Korean |
03/17/1975 |
03/21/2014 |
|
Director |
Jang Hyung-Jin |
Korean |
06/06/1946 |
02/26/2010 |
|
Outside Director |
Lee Chae-Phil |
Korean |
04/28/1956 |
03/24/2017 |
|
Outside Director / Auditor |
Han Cheol-Soo |
Korean |
106/30/957 |
03/24/2017 |
|
Outside Director / Auditor |
Kim Jong-Soon |
Korean |
09/10/1951 |
03/23/2012 |
|
Outside Director / Auditor |
Lee Jin-Gang |
Korean |
08/25/1943 |
03/25/2016 |
|
Outside Director |
Joo Bong-Hyun |
Korean |
01/11/1951 |
03/21/2014 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
03/2018 |
1,318,262,000,000 |
N/A |
124,903,000,000 |
|
2017 |
5,452,393,302,943 |
6,304,117,204,280 |
530,648,641,006 |
|
2016 |
5,044,841,798,110 |
5,879,657,814,836 |
537,489,125,500 |
|
2015 |
4,087,039,959,406 |
5,423,762,309,128 |
490,113,814,505 |
|
2014 |
4,214,904,855,317 |
5,138,172,323,306 |
462,447,445,314 |
|
2013 |
4,232,415,605,322 |
4,690,739,689,682 |
467,666,897,246 |
|
2012 |
4,926,649,427,995 |
4,486,814,791,424 |
596,362,413,837 |
|
2011 |
4,857,562,192,551 |
3,901,068,008,733 |
676,786,475,756 |
|
2010 |
3,129,065,096,834 |
3,354,926,539,358 |
516,275,254,619 |
|
2009 |
2,575,311,864,940 |
2,671,653,719,015 |
413,690,953,859 |
|
2008 |
2,454,242,871,512 |
2,167,467,193,130 |
282,718,611,985 |
|
2007 |
2,570,809,730,725 |
2,479,845,028,282 |
421,705,786,790 |
|
2006 |
2,152,517,964,568 |
1,899,289,540,834 |
424,549,864,948 |
|
2005 |
1,375,888,685,686 |
1,429,069,049,801 |
70,965,816,805 |
Financial
Description
|
Authorized Capital(KRW) |
230,000,000,000 |
|
Paid-Up Capital(KRW) |
94,350,000,000 |
|
Total Issues Shares |
18,870,000 |
|
Balance
Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Total
Assets |
6,304,117,204,280 |
5,879,657,814,836 |
5,423,762,309,128 |
|
Current
Assets |
3,148,167,178,974 |
2,399,095,958,795 |
2,148,288,029,899 |
|
Cash
& Cash Equivalents |
478,319,578,571 |
132,871,084,573 |
75,677,924,915 |
|
Trade
Receivables & Other Receivables |
258,458,722,697 |
276,707,920,944 |
254,455,528,606 |
|
Current
Financial Instruments |
254,280,000,000 |
300,000,000 |
6,500,000,000 |
|
Short-Term Investment Assets |
948,590,390,013 |
772,614,562,596 |
732,922,319,392 |
|
Current
Portion of Investment_Subsidiaries |
62,071,800,000 |
148,988,694,717 |
151,806,285,829 |
|
Derivatives |
576,325,115 |
15,052,074,079 |
1,031,878,296 |
|
Other
Current Assets |
3,315,909,575 |
2,602,790,152 |
3,321,148,219 |
|
Inventories |
1,142,554,453,003 |
1,049,958,831,734 |
922,572,944,642 |
|
Non-Current
Assets |
3,155,950,025,306 |
3,480,561,856,041 |
3,275,474,279,229 |
|
Long-Term
Trade Receivables & Other Receivables |
18,527,481,031 |
773,719,624 |
74,487,506,580 |
|
Non-Current
Financial Instruments |
8,000,000 |
242,110,500,000 |
414,000,000 |
|
Long-Term Investment Assets |
274,112,850,403 |
525,547,187,948 |
510,306,849,846 |
|
Tangibles |
2,139,711,027,704 |
2,014,091,228,504 |
2,053,011,067,543 |
|
Investment_Real
Estates |
9,031,969,355 |
9,463,388,330 |
9,894,807,306 |
|
Intangibles |
20,301,569,134 |
19,430,055,334 |
18,998,650,734 |
|
Investment_Related
Companies |
20,341,746,615 |
25,966,336,133 |
30,773,078,145 |
|
Investment_Subsidiaries |
656,301,228,739 |
638,652,443,291 |
577,560,829,506 |
|
Confirmed
Salaries |
17,614,152,325 |
4,526,996,877 |
27,489,569 |
|
Total
Liabilities |
549,709,526,888 |
536,324,233,411 |
457,027,991,356 |
|
Current
Liabilities |
408,245,888,340 |
411,098,641,498 |
321,292,365,287 |
|
Trade
Payables & Other Payables |
255,452,142,369 |
255,039,921,769 |
200,847,558,704 |
|
Short-Term
Borrowings |
14,621,554,474 |
21,316,148,169 |
17,012,156,976 |
|
Current
Portion of Long-Term Borrowings |
5,059,206,840 |
6,394,849,000 |
9,007,513,600 |
|
Deferred
Income Tax Credit |
104,862,966,440 |
109,517,965,170 |
86,719,663,590 |
|
Derivatives |
61,741,883 |
772,452,726 |
45,083,533 |
|
Other
Provisions |
15,109,772,386 |
16,260,865,914 |
5,504,555,479 |
|
Other
Current Liabilities |
13,078,503,948 |
1,796,438,750 |
2,155,833,405 |
|
Non-Current
Liabilities |
141,463,638,548 |
125,225,591,913 |
135,735,626,069 |
|
Long-Term
Borrowings |
11,782,547,300 |
17,299,377,650 |
23,558,092,600 |
|
Deferred
Income Tax Credit |
129,681,091,248 |
107,926,214,263 |
112,177,533,469 |
|
Capital
Stock |
94,350,000,000 |
94,350,000,000 |
94,350,000,000 |
|
Capital
Surplus |
54,599,469,714 |
54,599,469,714 |
54,599,469,714 |
|
Capital Adjustment |
-38,478,851,840 |
-38,478,851,840 |
-38,478,851,840 |
|
Others |
69,496,942,012 |
41,653,706,685 |
46,116,639,630 |
|
Profit
Surplus |
5,574,440,117,506 |
5,191,209,256,866 |
4,810,147,060,268 |
|
Total
Equity |
5,754,407,677,392 |
5,343,333,581,425 |
4,966,734,317,772 |
|
Liab.
& Shareholder’s Equity |
6,304,117,204,280 |
5,879,657,814,836 |
5,423,762,309,128 |
|
Income
Statement |
|||
|
Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Sales |
5,452,393,302,943 |
5,044,841,798,110 |
4,087,039,959,406 |
|
Cost
of Sold Goods |
4,590,055,684,238 |
4,249,998,592,836 |
3,355,029,851,554 |
|
Gross
Profit |
862,337,618,705 |
794,843,205,274 |
732,010,107,852 |
|
Selling
& Admin. Expenses |
101,147,873,841 |
106,457,862,287 |
95,034,117,738 |
|
Operating
Income |
761,189,744,864 |
688,385,342,987 |
636,975,990,114 |
|
Other
Profits |
20,581,535,023 |
33,179,280,609 |
16,640,940,913 |
|
Other
Income |
42,177,887,717 |
60,690,222,659 |
43,100,941,938 |
|
Other
Expenses |
62,759,422,740 |
93,869,503,268 |
59,741,882,851 |
|
Finance
Profits |
26,183,279,287 |
56,414,407,106 |
14,763,661,410 |
|
Finance
Income |
66,863,414,429 |
85,072,283,561 |
47,142,564,255 |
|
Finance
Expenses |
40,680,135,142 |
28,657,876,455 |
32,378,902,845 |
|
Income
Before Taxes |
766,791,489,128 |
711,620,469,484 |
635,098,710,611 |
|
Income
Taxes Expenses |
236,142,848,122 |
174,131,343,984 |
144,984,896,106 |
|
Net
Income |
530,648,641,006 |
537,489,125,500 |
490,113,814,505 |
|
Cash
Flows |
|||
|
Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Operating
Activities Cash Flows |
676,572,777,707 |
649,825,706,715 |
886,833,200,625 |
|
Cash
Flows from Operating |
871,242,732,198 |
772,237,238,517 |
1,007,943,826,295 |
|
Interests
Received |
33,464,780,191 |
24,093,096,403 |
21,330,256,360 |
|
Interests
Paid |
-318,461,782 |
-465,690,240 |
-1,619,969,430 |
|
Dividends
Received |
2,404,355,650 |
6,142,475,245 |
2,379,435,500 |
|
Income
Taxes |
-230,220,628,550 |
-152,181,413,210 |
-143,200,348,100 |
|
Cash
Flows from Investing |
-167,723,387,061 |
-437,771,185,852 |
-642,074,900,077 |
|
Cash
Flows from Financing |
-163,320,589,795 |
-154,934,562,407 |
-230,169,764,209 |
|
Increase/Decrease
in Cash |
345,528,800,851 |
57,119,958,456 |
14,588,536,339 |
|
Cash
at the Beginning of Year |
132,871,084,573 |
75,677,924,915 |
61,072,557,117 |
|
Cash
at the End of Year |
478,319,578,571 |
132,871,084,573 |
75,677,924,915 |
Products, Technologies, Services Description
|
Main Products & Services |
Zinc : Galvanized steel plate, steel pipe,
steel wire, color steel plate, automobile part, machine/electronic part,
anti-corrosion paint, etc. Lead : Automobile and industrial battery, electric
wire coating, radiation shielder for battery. Anti-corrosion paint, etc. Copper : Bronze, copper plate, copper pipe,
copper wire, etc. Gold : Semiconductor, PCB, electrically
conducting material, jewelry, coin, etc. Silver : Electronic products, camera, X-ray
film, jewelry, etc. Other rare metals : Indium, nickel,
bismuth, antimony trioxide, palladium, platinum, cadmium, gallium, germanium,
tellurium, cobalt, etc. |
||||||||||||||||||||||||
|
Performed Production (Unit : MT) |
|
||||||||||||||||||||||||
|
Technologies Acquired |
|
Trade Partners & Competitors
|
Suppliers |
TRAFIGURA GLENCORE LOUIS DREYFUS BHP BILLITON GLENCORE SUMMIT SAN CRISTOBAL CENTURY MIM GOLDCORP |
|
Customers |
STANDARD BANK PLC(JAPAN) SOJITZ CORPORATION(JAPAN) MITSUBISHI CORPORATION(JAPAN) SUMITOMO CORPORATION(JAPAN) |
|
Competitors |
POONG JEON NONFERROUS METAL CO., LTD. 8B-4L, 680-3, GYEONGSEO-DONG, SEO-GU,
INCHEON, KOREA TEL:+82-32-561-9111 FAX:+82-32-561-9118 SANGSHIN METALLIC CO., LTD. 4MA-402-2, SIHWA INDUSTRIAL COMPLEX, 701-3,
SEONGGOK-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO, KOREA TEL:+82-31-499-4011 FAX:+82-31-499-4016 PJ ALTEK CO., LTD. 1B-4L, INCHEON WEST INDUSTRIAL COMPLEX,
682-3, GYEONGSEO-DONG, SEO-GU, INCHEON, KOREA TEL:+82-32-561-0787 FAX:+82-32-561-0789 |
|
|
|
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
YOUNG POONG CORPORATION(110111-0003824) KOREA CIRCUIT CO., LTD.(130111-0026749) INTERFLEX CO., LTD.(135011-0042924) YOUNG POONG ELECTRONICS CO.,
LTD.(135011-0032106) YOUNG POONG BOOK STORE CO.,
LTD.(110111-0855530) SIGNETICS CORP.(110111-0070815) KG INTERNATIONAL
CORPORATION(110111-4252807) YOUNGPOONG CORPORATION(110111-0003824) YOUNG POONG PRECISION
CORPORATION(110111-0342496) SEWON TEXTILE CO., LTD.(110111-0318760) TERRANIX CO., LTD.(135011-0042950) YOUNG POONG DEVELOPMENT CO., LTD.(110111-0612914) YOOMI DEVELOPMENT CO., LTD.(110111-0235542) SORIN INVESTMENT DEVELOPMENT
CORPORATION(110111-0074544) XMETECH CO., LTD.(131111-0238400) STI CORP.(115611-0019652) KOREA NICKEL CORP.(110111-0529482) (19.00% held by the subject company) SORIN I & T CO., LTD.(110111-1260077) (33.34% held by the subject company) KG GREENTECH CO.,LTD.(230111-0164077) (100.00% held by the subject company) CLEAN KOREA CO., LTD.(134711-0004996) (100.0% held by the subject company) SORIN CORPORATION(110111-0365068) (49.97% held by the subject company) KGX CO., LTD.(Ex. KORYO HEAVY EQUIPMENT
CO., LTD.(181211-0020558)) (100.0% held by the subject company) KG ENGINEERING CO., LTD.(110111-2102153) (90.00% held by the subject company) ALANTUM CORPORATION(131111-0215078) (16.70% held by the subject company) ZINC OXIDE CORPORATION(110111-4260123) (91.26% held by the subject company) |
|
Affiliates-Overseas |
KZ - PRANDA CO., LTD.(THAILAND) (40.0% held by the subject company) KZ MINERALS BOLIVIA S.A.(BOLIVIA) (99.9% held by the subject company) KZ MINERALS HOLDINGS PTE.LTD.(SINGAPORE) (100.0% held by the subject company) MINOCQUA METALS CORP.(AUSTRALIA) (50.0% held by the subject company) PAN PACIFIC METAL MINING CORP.(CANADA) (100.0% held by the subject company) COLWELL KENNEDY AUSTRALIA PTY.,
LTD.(AUSTRALIA) (100.0% held by the subject company) SUN METALS HOLDING PTY., LTD.(AUSTRALIA) (100.0% held by the subject company) YP JAPAN CORP.(JAPAN) CHINA CIRCUIT(TIANJIN) CO., LTD.(CHINA) SUN METALS CORP., PTY., LTD.(AUSTRALIA) ALANTUM EUROPE GMBH(GERMANY) AATM(DALIAN) CO., LTD.(CHINA) AATM(SHENYANG) CO., LTD.(CHINA) KZI SINGAPORE PTE. LTD. PT. KZI INDONESIA YP JAPAN CORP. |
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
KZ-PRANDA CO., LTD.(THAILAND) (40.00% held by the subject company) K.K. LAO MINING CO.,LTD.(LAOS) (50.00% held by the subject company) |
|
Subsidiary |
SORIN CORPORATION(110111-0365068) (49.97% held by the subject company) CLEAN KOREA CO., LTD.(134711-0004996) (100.0% held by the subject company) KORYO HEAVY EQUIPMENT CO.,
LTD.(181211-0020558) (100.0% held by the subject company) SORIN I & T CO., LTD.(110111-1260077) (33.34% held by the subject company) KG ENGINEERING CO., LTD.(110111-2102153) (90.00% held by the subject company) ALANTUM CORPORATION(131111-0215078) (35.98% held by the subject company) PAN PACIFIC METAL MINING CORP.(CANADA) (100.0% held by the subject company) SUITE 4700, TORONTO DOMINION BANK TOWER TORONTO-DOMINION
CENTRE, TORONTO, ONTARIO, CANADA COLWELL KENNEDY AUSTRALIA PTY.,
LTD.(AUSTRALIA) (100.0% held by the subject company) SUN METALS HOLDING PTY., LTD.(AUSTRALIA) (100.0% held by the subject company) 1 ZINC AVENUE STUART, TOWNSVILLE QLD4811,
AUSTRALIA SUN METALS CORP., PTY., LTD.(AUSTRALIA) 1 ZINC AVENUE STUART, TOWNSVILLE QLD4811,
AUSTRALIA KZ MINERALS BOLIVIA S.A.(BOLIVIA) (99.9% held by the subject company) KZ MINERALS HOLDINGS PTE.LTD.(SINGAPORE) (100.0% held by the subject company) 8 CROSS STREET, #11-00 PWC BUILDING
SINGAPORE 048424 KG GREENTECH CO.,LTD.(230111-0164077) (60.00% held by the subject company) ICM PACHAPAQUI S.A.C AV. EL DERBY 55, TORRE 3, OF. 306,CENTRO
EMPRESARIAL CRONOS, SANTIAGO DE SURCO, LIMA 33, PERU KZ MINERALS BOLIVIA S.A. (99.99% held by the subject company) LOS ALAMOS #29. ZONZ CERVECERIA CALLE
LAPAZ. CIUDAD DE POTOSI, BOLIVIA TOWNSVILLE LOGISTICS PTY LTD. (100.0% held by the subject company) |
|
Subsidiary |
ANDEAN MINERALS PERU S.A.C. ICM EXPLORACIONES S.A.C. ICM PROCESADORA S.A.C. COMPANIA MINERAL ICM S.A.C. KZI SINGAPORE PTE., LTD. PT. KZI INDONESIA |
|
Corporate Ownership |
YOUNG POONG CORPORATION(110111-0003824) |
|
Major Shareholders |
|
|
Cooperative Enterprise |
-Insured Company LIG INSURANCE CO., LTD.(110111-0017859) |
Sales by Region (Activity & Markets)
|
Sales/ Unit : Million KRW |
2017 |
2016 |
2015 |
|
Export |
3,798,752 |
3,724,380 |
3,022,682 |
|
Domestic |
1,653,641 |
1,320,462 |
1,064,358 |
|
Total |
5,452,393 |
5,044,842 |
4,087,040 |
The Subject deals with the companies in Australia.
Court Action
No.
News Clipping
----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.22 |
|
|
1 |
INR 90.88 |
|
Euro |
1 |
INR 80.09 |
|
KRW |
1 |
INR 0.063 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
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.