MIRA INFORM REPORT
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Report Date : |
22nd May 2006 |
IDENTIFICATION DETAILS
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Name : |
OXY RECKITT BENCKISER, LTD. |
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Registered Office : |
706-1, Yeoksam 2-dong, Gangnam-gu, SEOUL, Korea |
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Date of Incorporation : |
27/12/1990 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacturers of
Toothpaste, Soap and Synthetic Detergents |
RATING & COMMENTS
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MIRA’s Rating : |
A |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly Large |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Ⅰ. Basic Information
Basic
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Company Name |
OXY Reckitt
Benckiser, Ltd. |
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Address |
706-1, Yeoksam 2-dong, Gangnam-gu, SEOUL, Korea |
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Building |
15th Fl., Dacom Bldg. |
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Zip Code |
135-987 |
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Tel |
+82-2-6003-4150 |
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Fax |
+82-2-421-6789 |
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E-mail |
master@oxy.co.kr |
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Website |
www.oxy.co.kr |
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Other Address |
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Tel |
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Fax |
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Type |
Export |
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Industry |
Manufacture of Toothpaste, Soap and Synthetic Detergents |
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Main Business |
Washing Goods, Cleaning Goods |
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Sub Business |
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Established (mm/dd/yyyy) |
12/27/1990 |
Our company was established in 1991 under the
Oxy name. In 2001, Oxy merged with Reckitt Benckiser and became Oxy Reckitt
Benckiser.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Bleaches(47131807) |
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Sell |
Granular absorbent(47131902) |
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Sell |
Cleaning and disinfecting solutions(47131800) |
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Sell |
Stain cleaners or removers(47131827) |
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Sell |
Household disinfectants(47131803) |
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Sell |
Laundry products(47131811) |
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Sell |
Insecticides(10191509) |
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Sell |
Dishwashing products(47131810) |
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Sell |
Air freshener(47131812) |
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Sell |
Deodorizers(47131816) |
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Sell |
Household or automotive protectants(47131817) |
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Sell |
Brooms and mops and brushes and accessories(47131600) |
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Sell |
Pesticides or pest repellents(10191500) |
Others
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Name |
John Lee |
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Address |
93, Cheongdam-dong,
Gangnam-gu, Seoul, 135-100 Korea |
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Date of Birth (mm/dd/yyyy) |
11/13/1968 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital |
10,450,000,000KRW |
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Employees |
573 |
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Formation |
Co., Ltd by shares |
Ⅱ. Detailed Information
Management
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Day |
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President & CEO |
Mr. |
John Lee |
Male |
USA |
06/01/2005 |
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Director |
Mr. |
Colinday |
Male |
UK |
10/16/2001 |
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Director |
Mr. |
Alfred Casperz |
Male |
Netherlands |
10/16/2001 |
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Director |
Mr. |
Imihenlav |
Male |
Germany |
05/21/2002 |
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Director |
Mr. |
Surazit Boss |
Male |
India |
03/03/2003 |
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Auditor |
Mr. |
Denis Sakilis |
Male |
Greek |
03/31/2004 |
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Superintendent |
Mr. |
Joo Bu-Sik |
Male |
Korea |
11/19/2003 |
Financials
Unit:
KRW
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Year |
Sales |
Assets |
Net income |
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2005 |
174,932,319,625 |
94,900,379,109 |
16,481,929,982 |
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2004 |
168,267,171,666 |
75,244,382,770 |
14,760,565,968 |
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2003 |
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2002 |
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Financial Description
Unit: KRW
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Authorized Capital |
50,000,000,000 |
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Paid-Up Capital |
10,450,000,000 |
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Total Issued Shares |
2,090,000 |
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Balance
Sheet Unit:
KRW |
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12/31/2005 |
12/31/2004 |
2003 |
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Total Assets |
94,900,379,109 |
75,244,382,770 |
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Current Assets |
60,799,191,737 |
40,683,096,314 |
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Fixed Assets |
34,101,187,372 |
34,561,286,456 |
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Total Liabilities |
46,945,054,702 |
43,770,988,345 |
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Current Liabilities |
46,894,292,332 |
43,745,710,445 |
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Fixed Liabilities |
50,762,370 |
25,277,900 |
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Capital Stock |
10,450,000,000 |
10,450,000,000 |
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Capital Surplus |
4,990,603,859 |
4,990,603,859 |
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Profit Surplus |
32,514,720,548 |
16,032,790,566 |
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Capital Adjustment |
- |
- |
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Total Equity |
47,955,324,407 |
31,473,394,425 |
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Total Liabilities & Equity |
94,900,379,109 |
75,244,382,770 |
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Income Statement Unit: KRW |
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12/31/2005 |
12/31/2004 |
2003 |
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Sales |
174,932,319,625 |
168,267,171,666 |
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Cost of Sold Goods |
77,363,427,320 |
74,898,758,638 |
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Gross Profit |
97,568,892,305 |
93,368,413,028 |
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Selling & Admin. Expenses |
75,814,680,213 |
73,780,742,921 |
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Operating Income |
21,754,212,092 |
19,587,670,107 |
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Non-Operating Income |
1,756,625,565 |
2,789,024,806 |
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Non-Operating expenses |
1,048,053,740 |
1,034,144,227 |
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Ordinary Income |
22,462,783,917 |
21,342,550,686 |
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Special Income |
- |
- |
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Income Before Taxes |
22,462,783,917 |
21,342,550,686 |
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Income Taxes Expenses |
5,980,853,935 |
6,581,984,718 |
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Net Income |
16,481,929,982 |
14,760,565,968 |
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Bank Details |
CITI BANK Seoul Branch |
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Corporate Registered No. |
110111-0739263 |
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Business Registered No. |
219-81-05044 |
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Permit & Licenses |
09/1996 Acquired GD |
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Shareholder Position |
Reckitt Benckiser
N.V. : 100% |
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Company History |
1984.06
Introduced Oxy-Clean the first oxygenic bleach(The consumer product
Division at Oriental Chemical industries Co., Ltd.) 1991.01
Established Oxy co., Ltd. 1994.07
Completed Iksan manufacturing plants. 1996.09
Oxy-Clean, got a first Green Seal mark in the world. 1996.10
Undertook Sang-A & Charm, the car-care product manufacturer. 1997.06
Completed Yangsan logistics center. 1997.08
Undertook Pietro, the family restaurant franchise. 1997.09
Completed Shingal logistics center. 1997.12
Opened 2nd branch of Pietro. 1999.04
Opened 3rd branch of Pietro. 1999.07
Launched internet business. 1999.12
Opened Send2U, the E-Card site.
1999.12
Opend 4th brach of Pietro. 2000.05
Opend 5th branch of Pietro. 2000.06
Opend Golf1, the golf site. Opend 1th branch of Golf1. 2000.07
Opend O2music, the music site. 2000.09
Opend 6th, branch of Pietro. Opend 7th, branch of Pietro. 2001.04
Separation Car Product Division, Internet Division, Food Service
Division as Bullsone co., Ltd. 2005 05
Changed company name to the present name from Oxy Co., Ltd. |
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Products, Technologies, Services Description
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Main Products & Services |
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Detailed Products Spec. |
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Technologies Acquired |
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Organization Structure
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Suppliers |
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Customers |
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Competitors |
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Related Parties (Subsidiaries, Joint-Venture & Affiliates)
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Affiliates |
Reckitt Benckiser Singapore Reckitt Benckiser U.A.E Reckitt Benckiser France Reckitt Benckiser Hong Kong Reckitt Benckiser Expatriate Service Ltd. Reckitt Benckiser Corporate Service Ltd. Reckitt & Colman(Oversea) Ltd.UK Reckitt Benckiser Australia Reckitt Benckiser Indonesia Reckitt Benckiser Poland Reckitt Benckiser Japan Reckitt Benckiser Spain Reckitt Benckiser Producktion GmbH Reckitt Benckiser N.V. Reckitt Benckiser Malaysia Reckitt Benckiser Taiwan Reckitt Benckiser Thailand Reckitt Benckiser Detergents Gmbh Reckitt Benckiser Mexico Reckitt Benckiser plc. UK Healthcare |
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Overseas Office |
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Liaison Office |
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Overseas Branch |
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Join Venture |
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Subsidiary |
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Corporate Ownership |
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Major Shareholders |
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Cooperative Enterprise |
Reckitt Benckiser
(Singapore) Pte Limited Reckitt Benckiser
N.V. Reckitt &
Colman(Oversea) Ltd.UK |
Sales Spread
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Unit : Mil KRW |
2005 |
2004 |
2003 |
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Export |
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Domestic |
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Total |
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RATING EXPLANATIONS
RATING
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STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely
sound financial base with the strongest capability for timely payment of
interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate
working capital. No caution needed for credit transaction. It has above
average (strong) capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are
apparent. Repayment of interest and principal sums in default or expected to
be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |