BNG Steel Co., Ltd. - Company Capsule

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					BNG Steel Co., Ltd.

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BNG Steel Co., Ltd. - Company Capsule

Reference Code: BR0135CC
Published Date: April 2011




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BNG Steel Co., Ltd. - Company Capsule                                               Page 1
BNG Steel Co., Ltd.

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BNG Steel Co., Ltd. - Company Overview

BNG Steel Co., Ltd. (BNG) is engaged in the manufacturing of stainless steel products. The company provides a range of
steel products, which includes cold rolled stainless steel products, cold rolled sheets and cold rolled coils. It principally
operates through two plants namely; Changwon plant and Seoul plant. The company has an annual production capacity
of 300,000 tons. The company is the pioneer in the development of bright annealing products and embossed plates in
Korea. BNG operates in Korea, Japan, China and Germany. The company undertakes its business activities through two
subsidiaries namely, BNG Steel GmbH and BNG Steel JAPAN Corp. The company is headquartered in Changwon,
Republic Korea.


Financial Performance

The company reported revenue of KRW 584230.77 million during the fiscal year ended 2009. The company's revenue
declined at a compounded rate of 16.53% during the period 2007-2009 with a year on year decline of 19.97% over fiscal
year 2008. During the fiscal year 2009 its operating margin was 4.42% as against the operating margin of 0.76% in fiscal
year 2008. During the fiscal year 2009 the company registered a net margin of 5.17% as against the net margin of -7.86%
in the fiscal year 2008.




BNG Steel Co., Ltd. - Key Facts

BNG Steel Co., Ltd., Key Facts

                                  66 ShinChon-Dong, ChangWon-
                                  Si, Gyeongsangnam-do, , 135-      Ticker Symbol, Stock
Corporate Address:                                                                             004560 (Korea Stock Exchange)
                                                                    Exchange
                                  845, Republic of Korea


Telephone                          + 82 55 2684114                  No. of Employees           419



Fax                                + 82 2 5631291                   Financial Year End         December



URL                               www.bngsteel.com                  Revenue (in KRW Million)   584,230.77



Industry                          Metals and Mining                 Revenue (in USD Million)   456.76



Locations                         Republic of Korea

Source: Annual Report, Company Website, Primary and Secondary Research




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BNG Steel Co., Ltd. - Company Capsule                                                                                Page 2
BNG Steel Co., Ltd.

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BNG Steel Co., Ltd. - Major Products and Services

BNG Steel is a South Korea based company, which is engaged in manufacturing cold rolled stainless steel products. The
key products offered by the company includes the following:

BNG Steel Co., Ltd., Major Products and Services
Products:

Cold rolled stainless steel

Cold rolled sheet

Cold rolled coil
Source: Annual Report, Company Website, Primary and Secondary Research




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BNG Steel Co., Ltd. - Company Capsule                                                                         Page 3
BNG Steel Co., Ltd.

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BNG Steel Co., Ltd. - Key Competitors

The following companies are the major competitors of BNG Steel Co., Ltd.:

Dongil Industries Co., Ltd.

Dongkuk Industries Company

Hyundai Steel Company

Seah Steel Corporation

KISCO Holdings




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BNG Steel Co., Ltd. - Company Capsule                                               Page 4
BNG Steel Co., Ltd.

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BNG Steel Co., Ltd. - Key Employees


BNG Steel Co., Ltd., Key Employees


          Name                                Job Title                   Board Level     Since   Age


Chung Sik Song             Internal Auditor                         Senior Management             50


Jong Su Kim                Internal Auditor                         Senior Management             59


Seon Wu Lee                Assistant Managing Director              Senior Management     2009    52


Yeong Je Kang              Assistant Managing Director              Senior Management             58


                           Chief Executive Officer, President,
Yil Seon Jung                                                       Executive Board       2008    39
                           Director


Hong Jong Yoo              Director                                 Executive Board       2009    71


Jeong Gon Hwang            Director                                 Non Executive Board   2010    54

Source: Annual Report, Company Website, Primary and Secondary Research




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BNG Steel Co., Ltd. - Company Capsule                                                                  Page 5
BNG Steel Co., Ltd.

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BNG Steel Co., Ltd. - Locations and Subsidiaries

Head Office

BNG Steel Co., Ltd.
66 ShinChon-Dong
ChangWon-Si, Gyeongsangnam-do
Zip: 135-845
Republic of Korea
Tel: + 82 55 2684114
Fax: + 82 2 5631291



Other Locations & Subsidiaries

BNG Steel Co., Ltd., Subsidiaries

BNG Steel JAPAN Corp.
Shuwa Sanbancho building. 3F
Chiyoda
Zip: 102 0075
Japan
Tel: + 81 3 5211 4420
Fax: + 81 3 5211 4422

Source: Annual Report, Company Website, Primary and Secondary Research



BNG Steel Co., Ltd., Locations



                                                                    Room 2508 Far International Plaza
943-19, Daechi-Dong
                                                                    Shanghai
Seoul
                                                                    Zip: 200051
Republic of Korea
                                                                    China
Tel: + 82 2 3467 0092
                                                                    Tel: + 86 21 6235 0457
Fax: + 82 2 564 0986
                                                                    Fax: + 86 21 6235 0743

Source: Annual Report, Company Website, Primary and Secondary Research




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BNG Steel Co., Ltd. - Company Capsule                                                                   Page 6
BNG Steel Co., Ltd.

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BNG Steel Co., Ltd. - Financial Ratios

Financial Ratios - Annual Ratios
BNG Steel Co., Ltd., Annual Ratios

                Key Ratios              Unit/Currency   2010         2009         2008         2007         2006
Equity Ratios
EPS (Earnings per Share)                    KRW          2028.43     2004.95      -3805.94      1284.52     2918.47
Dividend per Share                          KRW                                                    250         250
Dividend Cover                             Absolute                                                5.14       1
				
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