MIRA
INFORM REPORT
|
Report Date : |
28.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
CHEM NEWS CORP. |
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|
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Registered Office : |
#601, Sungji B/D 538, Dohwa-dong,
Mapo-gu, Seoul |
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Country : |
Korea |
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Date of Incorporation : |
08/31/2006 |
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|
Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesales of Chemicals and Electronics
Parts |
RATING &
COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
New Company |
|
|
|
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Payment Behaviour : |
Unknown |
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|
|
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Litigation : |
Clear |
Basic
|
Company
Name |
CHEM
NEWS CORP. |
|
Registered Address |
538, Dohwa-dong, Mapo-gu, Seoul, Korea |
|
Building |
#601, Sungji B/D. |
|
Zip Code |
121-040 |
|
Tel |
+82-2-711-2274 |
|
Fax |
+82-2-711-2259 |
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E-mail |
hblee@chemnews.co.kr;office@chemnews.co.kr |
|
Website |
www.chemnews.co.kr |
|
Trading Address |
#601, Sungji B/D., 538, Dohwa-dong,
Mapo-gu, Seoul, Korea |
|
Tel |
+82-2-711-2274 |
|
Fax |
+82-2-711-2259 |
|
Type |
Import/Export |
|
Industry |
Wholesales of Chemicals and Electronics
Parts |
|
Main Business |
Petrochemicals, Plastics |
|
Established (mm/dd/yyyy) |
08/31/2006 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Petrochemicals |
|
Sell |
Plastics |
|
Sell |
Polymer |
|
Sell |
Organics and others |
CEO’s
|
Name |
Hong Kyung-Soon |
|
Address |
399-1, Ichon-dong, Yongsan-gu, Seoul, Korea |
|
Date of Birth |
11/12/1967 |
|
Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital |
50,000,000 KRW |
|
Employees |
N/A |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
Korea Exchange Bank Mapo Branch |
|
Corporate Registered No. |
110111-3519026 |
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Business Registered No. |
N/A |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
08/31/2006 |
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
President & CEO |
Mr. |
Hong Kyung-Soon |
Male |
Korean |
10/30/2006 |
|
Director |
Mr. |
Ju Ho-Rim |
Male |
Korean |
08/31/2006 |
|
Auditor |
Mr. |
Kim Sang-Eon |
Male |
Korean |
08/31/2006 |
Financials
The financial is not available, but the
subject expects US$33,600,000 as sales for 2007 fiscal year.
Financial Description
|
Authorized
Capital |
200,000,000 |
|
Paid-Up
Capital |
50,000,000 |
|
Total Issues Shares |
10,000 |
Products, Technologies,
Services
Description
|
Main
Products & Services |
Petrochemicals Aromatics-Benzene/ Toluene/ Xylene/ OX Raw Materials of Synthetic
Fiber-PX/PTA/MEG/DMT Plastics & Engineering
Plastics-PVC/LDPE/LLDPE/HDPE/PS/PP/ABS Solvent-IPA Intermediates-PA/FA/PIA TDI/MDI/PPG/PENTA/MPG/PVC Film/PSF |
Sales by Region (Activity
& Markets)
The subject imports and exports the products from domestic &
international chemical companies.
Court Action
Not Available.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)