KSILKorean Society of International Law
References in periodicals archive ?
The rating revision takes into consideration the deterioration in the financial performance of KSIL during 2009-10 and the proposed business restructuring, which is expected to reduce the level of integration in its operations, going forward.
The ratings also factor in the inherent cyclicality and stiff competition in the secondary steel business, which makes the profitability and cash flow of the players including KSIL volatile, a significant proportion of trading business, which is expected to keep the operating margins under pressure and considerable geographical sales concentration.
While the ongoing capital expenditure (capex) programme for setting up the ingot manufacturing facility, financial closure of which has been achieved, would enable KSIL to move up the value chain and grow its turnover levels, the absence of any captive power plant is likely to adversely impact the steel manufacturing cost.