MIRA INFORM REPORT
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Report Date : |
31.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
ESSE CHEMICALS CORPORATION |
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Registered Office : |
103-8, Guro 5-dong, Guro-gu, Seoul |
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Country : |
Korea |
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Date of Incorporation : |
09.11.2001 |
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Com. Reg. No.: |
113-81-72911 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesale of Other Chemical Materials and Chemical Products |
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 : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company
Name |
ESSE CHEMICALS
CORPORATION (Korean Company
Name : ““에세케미칼스코퍼레이션”) |
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Registered Address |
103-8, Guro 5-dong, Guro-gu, Seoul, Korea |
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Building |
Rm.1103, Neopalace B/D. |
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Zip Code |
152-842 |
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Tel |
+82-2-865-6014 |
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Fax |
+82-2-865-6018 |
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E-mail |
jacky@essechem.com |
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Trading Address |
Rm.1103, Neopalace B/D. 103-8, Guro
5-dong, Guro-gu, Seoul, Korea |
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Tel |
+82-2-865-6014 |
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Fax |
+82-2-865-6018 |
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Type |
Export |
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Industry |
Wholesale of Other Chemical Materials and Chemical Products |
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Main Business |
Plasticizers, Phthalic Anhydride, Polyethylene |
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Established (mm/dd/yyyy) |
11/09/2001 |
The Subject occupies
the premises of registered HQ address by leasing base.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
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Sell |
Plasticizers(12162000) |
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Sell |
Aromatic or heterocyclic compounds(12352005) |
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Sell |
Polyethylene(13111016) |
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Sell |
Resins(13111000) |
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Sell |
Polyolefin foam(13111301) |
CEO’s
|
Name |
Leem Dong-Su |
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Address |
1714, Sillim-dong, Gwanak-gu, Seoul, Korea |
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Date of Birth |
02/27/1965 |
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Title |
Representative Director |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
50,000,000 KRW |
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Employees |
2 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Korea Exchange Bank |
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Corporate Registered No. |
110111-2371675 |
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Business Registered No. |
113-81-72911 |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
11/09/2001
incorporated as the present name 07/24/2008
moved to the present HQ address from Rm. 1706, May Flower Membersvil, 104-9,
Guro 5-dong, Guro-gu, Seoul, Korea |
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
President & CEO |
Mr. |
Leem Dong-Su |
Male |
Korean |
11/09/2001 |
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Auditor |
M/S. |
Leem Na-Young |
Female |
Korean |
03/31/2004 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
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2006 |
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2005 |
3,516,000,000 |
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2004 |
8,114,000,000 |
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2003 |
3,343,000,000 |
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The latest & full financial is not
available, and the subject does not have any obligation to releases its financials
to the public.
Financial
Description
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Unit: KRW
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Authorized
Capital |
200,000,000 |
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Paid-Up
Capital |
50,000,000 |
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Total Issues Shares |
10,000 |
Products, Technologies, Services
Description
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Main
Products & Services |
Plasticizers, Phthalic Anhydride, Polyethylene |
Trade
Partners
|
Suppliers |
DC CHEMICAL CO., LTD.(174611-0000981) ORIENTAL CHEMICAL INDUSTRIES BLDG., 50, SOGONG-DONG, JUNG-GU, SEOUL,
KOREA TEL: 82-2-727-9500 FAX: 82-2-757-4111 AEKYUNG PETROCHEMICAL
CO.,LTD(110111-0029721) MISEONG BLDG., 106-3, GURO 5-DONG, GURO-GU, SEOUL, KOREA TEL : 82-2-850-2000 FAX : 82-2-838-8435 |
Sales by
Region (Activity &
Markets)
The Subject exports to China, Malawi and Thailand.
Court
Action
Not Available.
News
Clipping
---
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 42.49 |
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UK Pound |
1 |
Rs. 84.21 |
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Euro |
1 |
Rs. 66.33 |
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. |
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%)