MIRA INFORM REPORT

 

 

Report Date :           

22.08.2011

 

IDENTIFICATION DETAILS

 

Name :

ST PHARM CO., LTD.

 

 

Formerly Known As :

U-CHEM CO., LTD.

 

 

Registered Office :

1241-2, Jeongwang-dong, Siheung-si, Gyeonggi-do, Korea, Zip Code 429-850

 

 

Country :

South Korea

 

 

Date of Incorporation :

20.08.2008

 

 

Com. Reg. No.:

303-81-52269

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Manufacture of Medicinal Chemicals and Antibiotics

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct 

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

South Korea

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 Bottom of Form

 

Basic

 

Company Name

ST PHARM CO., LTD.

(Korean Company Name : “에스티팜()”)

Registered Address

1241-2, Jeongwang-dong, Siheung-si, Gyeonggi-do, Korea

Zip Code

429-850

Tel

+82-31-499-3002

Fax

+82-31-499-3001

E-mail

kwlim@scp.co.kr

Website

www.stpharm.co.kr/

Trading Address

7FL., MSA Bldg., 891-43, Daechi-dong, Gangnam-gu, Seoul, Korea

Tel

+82-2-527-6318

Fax

+82-2-561-6006

Other Address

Rm.505, JC Pharm Bldg., 745-2, Choji-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea

Type

Export/Import

Industry

Manufacture of Medicinal Chemicals and Antibiotics

  Main Business

Zidovudine(API), Nucleoside API, NANA, DNA/RNA(Oligonucleotides), Nucleoside Monomer(Amidite)

Established (mm/dd/yyyy)

08/20/2008

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Drugs affecting the gastrointestinal system(51170000)

 

 

CEO’s

 

Name

Lim Keun-Jo

Address

Suite 206-802, 654, Gaepo-dong, Gangnam-gu, Seoul, Korea

Date of Birth

05/10/1959

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

1,060,000,000

Employees

171

Formation

Co., Ltd by shares

A Company of Dong-A Socio Group

Bank Details

Shinhan Bank-Samseong Central Branch

Corporate Registered No.

154511-0039704

Business Registered No.

303-81-52269

Permit & Licenses

Int’l Trade No.: 521819

Shareholder Position

Name

Shares

%

DONGA PHARMACEUTICAL CO., LTD.(110111-0017990 )

23,765

11.21

OTHERS

188,235

88.79

TOTAL

212,000

100.00

Company History

08/20/2008 Incorporated as U-CHEM CO., LTD.

10/04/2010 Changed company name to the present name

10/04/2010 Moved to the present HQ address from 1507, Jungwon Industrial Complex, Dang-u-ri, Judeok-eup, Chungju-si, Chungbuk, Korea

09/30/2010 Acquired Samchully Phram Co., Ltd.(110111-4241264) at 7FL., MSA Bldg., 891-43, Daechi-dong, Gangnam-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Lim Keun-Jo

Male

Korean

08/20/2008

Director

Mr.

Kang Jung-Seok

Male

Korean

06/10/2010

Director

Mr.

Cho Jin-Woo

Male

Korean

06/10/2010

Auditor

Mr.

You Jong-Sik

Male

Korean

06/10/2010

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

28,920,009,000

67,155,928,000

973,613,000

2009

 

 

 

2008

 

 

 

The financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

 

 

Financial Description

 

Authorized Capital(KRW)

5,000,000,000

Paid-Up Capital(KRW)

1,060,000,000

Total Issues Shares

212,000(Common :127,000 / Preferable : 85,000)

 

 

 

Products, Technologies, Services Description

 

Main Products & Services

Medicinal Chemicals and Antibiotics

 

 

Trade Partners & Competitors

 

Competitors

YUHAN CORPORATION(110111-0014409)

49-6, DAEBANG-DONG, DONGJAK-GU, SEOUL, KOREA

TEL:+82-2-828-0181  FAX:+82-2-828-0050

 

HANMI PHARM CO., LTD.(110111-0014409)

893-5, HAJEO-RI, PALTAN-MYEON, HWASEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-356-3311 FAX:+82-31-356-5151

 

GREEN CROSS CORPORATION(110111-0109854)

303, BOJEONG-DONG, GIHEUNG-GU, YONGIN-SI, GYEONGGI-DO, KOREA

TEL:+82-31-260-9300 FAX:+82-31-260-9413

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

DONGA PHARMACEUTICAL CO., LTD.(110111-0017990)

DIGITAL OCEAN CO., LTD.(110111-1574874)

SOO-SEOK CO., LTD.(110111-0107973)

SOO-SEOK FARM CO., LTD.(164511-0016114)

SOOSEOK INDUSTRIAL DEVELOPMENT CO. LTD.(160111-0117790)

DONG-A OTSUKA CO., LTD.(134111-0007761)

KOREA SINTO CO., LTD.(130111-0010792)

YONGMA LOGIS CO., LTD.(110111-0245369)

SOO SEOK TRADING CO., LTD.(110111-0634231)

DONG-A PHRAMTEC CO., LTD.(110111-2615578)

DA INFORMATION CO., LTD.(110111-3479478)

MOPEED CO., LTD.(110111-3372979)

JIN-A GLASSES CO.

D.A.C

MOPEED AP

MOPPED PHILIPPINES

 


Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.61

UK Pound

1

Rs.75.32

Euro

1

Rs.65.68

 

 

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

Capability to overcome financial difficulties seems comparatively below average.

 

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

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.