MIRA
INFORM REPORT
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Report Date : |
19.06.2007 |
IDENTIFICATION DETAILS
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Name : |
POLYCHEM KOREA LTD. |
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Registered Office : |
2nd Fl., 72-8, Eungam 1-dong, Eunpyeong-gu, |
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Country : |
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Date of Incorporation : |
10/01/2004 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale of Synthetic Rubber and Plastics Materials |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Basic
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Company
Name |
POLYCHEM KOREA LTD. |
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Registered Address |
2nd Fl., 72-8, Eungam 1-dong,
Eunpyeong-gu, |
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Zip Code |
122-906 |
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Tel |
+82-2-357-8398 |
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Fax |
+82-2-357-8310 |
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E-mail |
cbjlnsok@yahoo.co.kr |
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Trading Address |
2nd Fl., 72-8, Eungam 1-dong,
Eunpyeong-gu, |
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Tel |
+82-2-357-8398 |
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Fax |
+82-2-357-8310 |
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Type |
Export/Import |
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Industry |
Wholesale of Synthetic Rubber and Plastics Materials |
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Main Business |
Compound Resin, High Density Polyethylene(HDPE), Low Density
Polyethylene(LDPE), Linear Low Density Polyethylene(LLDPE),
Polypropylene(PP), DOP |
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Established (mm/dd/yyyy) |
10/01/2004 |
The Subject occupies
the premises of registered address by leasing base.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Elastomers(13101700) |
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Sell |
Plasticizers(12162000) |
CEO’s
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Name |
Choi Byoung-Jin ( |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
Not applicable to
the Sole Proprietorship |
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Employees |
2 |
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Formation |
Sole Proprietorship |
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Bank Details |
N/A |
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Corporate Registered No. |
Not applicable to the Sole Proprietorship |
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Business Registered No. |
110-10-***** (Full number is not
available.) |
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Permit & Licenses |
N/A |
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Shareholder Position |
The owner has 100% shares. |
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Company History |
10/01/2004 Established |
The Subject imports
and exports the Synthetic Rubber and Plastics Materials.
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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Owner |
Mr. |
Choi Byoung-Jin |
Male |
Korean |
10/01/2004 |
Financials
The financial is not available.
Products,
Technologies, Services
Description
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Main Products & Services |
Compound Resin, High Density Polyethylene(HDPE), Low Density
Polyethylene(LDPE), Linear Low Density Polyethylene(LLDPE),
Polypropylene(PP), DOP |
Sales by Region (Activity
& Markets)
The Subject deals with the companies in
Court Action
Not Available.
RATING EXPLANATIONS
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RATING |
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)