MIRA
INFORM REPORT
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Report Date : |
01.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
CHEM NEWS CORP. |
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Registered Office : |
#601, Sungji B/D., 538, Dohwa-dong, Mapo-gu, Seoul 121-040 |
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Country : |
Korea |
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Date of Incorporation : |
08.31.2006 |
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Com. Reg. No.: |
105-87-01208 |
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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
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company
Name |
CHEM NEWS CORP. |
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Registered Address |
538, Dohwa-dong,
Mapo-gu, Seoul, Korea |
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Building |
#601, Sungji B/D. |
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Zip Code |
121-040 |
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Tel |
+82-2-711-2274 |
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Fax |
+82-2-711-2259 |
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E-mail |
hblee@chemnews.co.kr;office@chemnews.co.kr |
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Website |
www.chemnews.co.kr |
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Trading Address |
#601, Sungji
B/D., 538, Dohwa-dong, Mapo-gu, Seoul, Korea |
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Tel |
+82-2-711-2274 |
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Fax |
+82-2-711-2259 |
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Type |
Import/Export |
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Industry |
Wholesales of Chemicals and Electronics
Parts |
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Main Business |
Petrochemicals, Plastics, DEG, Acetone, PA |
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Established (mm/dd/yyyy) |
08/31/2006 |
The Subject occupies
the premises of registered HQ address by leasing base.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Petrochemicals |
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Sell |
Plastics |
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Sell |
Polymer |
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Sell |
Organics and others |
CEO’s
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Name |
Hong Kyung-Soon |
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Address |
399-1, Ichon-dong, Yongsan-gu, Seoul, Korea |
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Date of Birth |
11/12/1967 |
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Title |
President & CEO |
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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 |
5 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Korea Exchange Bank-Mapo
Branch |
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Corporate Registered No. |
110111-3519026 |
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Business Registered No. |
105-87-01208 |
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Permit & Licenses |
Int’l Trade No.: 45296963 |
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Shareholder Position |
N/A |
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Company History |
08/31/2006 incorporated as the present
name |
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Hong Kyung-Soon |
Male |
Korean |
10/30/2006 |
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Director |
Mr. |
Ju Ho-Rim |
Male |
Taiwanese |
08/31/2006 |
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Auditor |
Mr. |
Kim Sang-Eon |
Male |
Korean |
08/31/2006 |
Financials
Unit: KRW
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Year |
Sales |
Assets |
Net income |
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3,391,000,000 |
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2005 |
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2004 |
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The latest and full
financial is not available, and the subject does not have any obligation to
releases its financials to the public.
Financial Description
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 |
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 deals with the companies in China.
Court
Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.43.27 |
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UK Pound |
1 |
Rs.86.28 |
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Euro |
1 |
Rs.68.24 |
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%)