MIRA INFORM REPORT
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Report Date : |
19.02.2011 |
IDENTIFICATION DETAILS
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Name : |
WON JIN CHEMICAL CORP. |
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Registered Office : |
945, Bongrim-ri, Saengnim-myeon, Gimhae-si, |
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Country : |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
04.01.2000 |
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Com. Reg. No.: |
615-03-48369 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacturer of Synthetic Colouring Matter, Tanning Materials and Other Coloring Agents |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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|
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic
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Company
Name |
WON JIN CHEMICAL CORP. (Korean Company Name : “원진화성”) |
|
Registered Address |
945, Bongrim-ri, Saengnim-myeon,
Gimhae-si, |
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Zip Code |
621-823 |
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Tel |
+82-55-338-1102 |
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Fax |
+82-55-338-1112 |
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Trading Address |
945, Bongrim-ri, Saengnim-myeon,
Gimhae-si, |
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Tel |
+82-55-338-1102 |
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Fax |
+82-55-338-1112 |
|
Type |
Export |
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Industry |
Manufacture of Synthetic Colouring Matter, Tanning Materials and Other
Coloring Agents |
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Main Business |
Coloring Agent |
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Established (mm/dd/yyyy) |
01/04/2000 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Pigments(12171600) |
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Sell |
Additives(12160000) |
CEO’s
|
Name |
Kim Jong -Tae |
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Date of Birth |
10/22/1966 |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
|
Employees |
4 |
|
Formation |
Sole Proprietorship |
|
Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
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Business Registered No. |
615-03-48369 |
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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 |
01/04/2000 Establishe4d as the present name |
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
Mr. |
Kim Jong -Tae |
Male |
Korean |
01/04/2000 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2008 |
|
|
|
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2007 |
670,000,000 |
312,000,000 |
41,000,000 |
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2006 |
614,000,000 |
330,000,000 |
37,000,000 |
|
2005 |
286,000,000 |
213,000,000 |
16,000,000 |
Financial Description
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Authorized Capital(KRW) |
Not Applicable to the Sole Proprietorship |
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Paid-Up Capital(KRW) |
Not Applicable to the Sole Proprietorship |
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Total Issues Shares |
Not Applicable to the Sole Proprietorship |
Balance Sheet
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Unit : Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
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Total Assets |
312,000,000 |
330,000,000 |
213,000,000 |
|
Current Assets |
225,000,000 |
210,000,000 |
27,000,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
87,000,000 |
120,000,000 |
186,000,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
124,000,000 |
86,000,000 |
1,000,000 |
|
Current Liabilities |
124,000,000 |
86,000,000 |
1,000,000 |
|
Fixed Liabilities |
- |
- |
- |
|
Capital Stock |
188,000,000 |
244,000,000 |
196,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
- |
- |
16,000,000 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
188,000,000 |
244,000,000 |
212,000,000 |
|
Liab. &
Shareholder’s Equity |
312,000,000 |
330,000,000 |
213,000,000 |
Income Statement
|
Unit : Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Sales |
670,000,000 |
614,000,000 |
286,000,000 |
|
Cost of Sold Goods |
567,000,000 |
520,000,000 |
233,000,000 |
|
Gross Profit |
103,000,000 |
94,000,000 |
53,000,000 |
|
Selling & Admin. Expenses |
58,000,000 |
54,000,000 |
37,000,000 |
|
Operating Income |
45,000,000 |
40,000,000 |
16,000,000 |
|
Non-Operating Income |
- |
- |
- |
|
Non-Operating Expenses |
4,000,000 |
3,000,000 |
- |
|
Ordinary Income |
41,000,000 |
37,000,000 |
16,000,000 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
41,000,000 |
37,000,000 |
16,000,000 |
|
Income Taxes Expenses |
- |
- |
- |
|
Net Income |
41,000,000 |
37,000,000 |
16,000,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Coloring Agent |
Trade Partners & Competitors
|
Competitors |
PUNG KYUNG FINE CHEMICAL CO., LTD. 1, EOGOK-DONG, YANGSAN-SI, TEL:+82-55-385-1500 FAX:+82-55-386-7890 DAE YOUNG TRADE CO., LTD. RM. 613, SONGNAM BLDG., 1358-6, SEOCHO
2-DONG, SEOCHO-GU, TEL:+82-2-3474-9311 FAX:+82-2-3473-6231 SHILLA CHEMICAL CO., LTD. 3B-28, 398-2, MONGNAE-DONG, DANWON-GU,
ANSAN-SI, TEL:+82-31-495-8477 FAX:+82-31-492-9202 |
Sales by Region
(Activity & Markets)
The Subject exports
to
Court Action
Not Available.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.18 |
|
|
1 |
Rs.73.04 |
|
Euro |
1 |
Rs.61.43 |
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 |
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26-40 |
B |
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.