MIRA INFORM REPORT
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Report Date : |
19.01.2011 |
IDENTIFICATION DETAILS
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Name : |
WORLDCHEM CORPORATION |
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Registered Office : |
467-6, Dogok 2-dong, Gangnam-gu, |
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Country : |
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Date of Incorporation : |
16.07.2002 |
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Com. Reg. No.: |
105-86-42366 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesale of Synthetic Rubber and Plastics Materials |
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 |
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
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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 |
WORLDCHEM
CORPORATION (Korean Company Name : “월드켐코퍼레이션(주)”) |
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Registered Address |
467-6, Dogok 2-dong, Gangnam-gu, |
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Building |
C-1910, Daelim Acrotel |
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Zip Code |
135-971 |
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Tel |
+82-2-572-3987 |
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Fax |
+82-2-572-3981 |
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E-mail |
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Trading Address |
C-1910, Daelim Acrotel, 467-6, Dogok
2-dong, Gangnam-gu, |
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Tel |
+82-2-572-3987 |
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Fax |
+82-2-572-3981 |
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Type |
Export/Import |
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Industry |
Wholesale of Synthetic Rubber and Plastics Materials |
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Main Business |
HDPE, LDPE, PVC, Polypropylene(PP), Acrylonitrile Butadiene
Styrene(ABS), DOP, PS, PVC Stabilizer, SBS, CaCO₃MB, IPA |
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Established (mm/dd/yyyy) |
07/16/2002 |
The Subject Company
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 |
Acrylonitrile butadiene styrene
ABS(13102001) |
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Sell |
Polyethylene terpthalate resin(13111017) |
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Sell |
Polystyrene resin(13111023) |
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Sell |
High Density Polyethylene HDPE(13102017) |
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Sell |
Polyvinyl Chloride PVC(13102030) |
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Sell |
Polypropylene PP(13102022) |
CEO’s
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Name |
Kim Hyung-Sik |
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Address |
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Date of Birth |
08/22/1960 |
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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 |
Woori Bank-Dogok Sweet Branch |
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Corporate Registered No. |
110111-2569593 |
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Business Registered No. |
105-86-42366 |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
07/16/2002 Incorporated as Worldchem International
Corporation 10/04/2003 Changed company name to the
present name 02/20/2008 Moved to the present HQ address
from Rm.2901, Daelim Acrotel, 467-6, Dogok 2-dong, Gangnam-gu, |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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Representative Director |
Mr. |
Kim Hyung-Sik |
Male |
Korean |
02/18/2008 |
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Auditor |
Mr. |
Kim Hong-Doo |
Male |
Korean |
07/16/2005 |
Financials
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Unit: KRW |
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Year |
Sales |
Assets |
Net Income |
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2008 |
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2007 |
41,200,000,000 |
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2006 |
10,700,000,000 |
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2005 |
10,532,000,000 |
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2004 |
5,004,000,000 |
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2003 |
2,750,000,000 |
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The latest b& full
financials are not available, and the Subject Company does not have any
obligations to release 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 |
HDPE, LDPE, PVC, Polypropylene(PP), Acrylonitrile Butadiene
Styrene(ABS), DOP, PS, PVC Stabilizer, SBS, CaCO₃MB, IPA |
Trade
Partners & Competitors
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Competitors |
WOORI P & C CORPORATION 7TH FL., HIGLO BLDG., 914-1, DAECHI 4-DONG,
GANGNAM-GU, TEL:+82-2-3432-2800 FAX:+82-2-3432-4695 HANYONG CORPORATION RM. 814, MILLIANA 2-CHA OFFICETEL, 79-5,
GARAKBON-DONG, SONGPA-GU, TEL:+82-2-3401-9850 FAX:+82-2-3401-9870 JW & Y CORPORATION RM. 903, HYODEOK BLDG., 32, EULJIRO 1-GA,
JUNG-GU, TEL:+82-2-773-4062 FAX:+82-2-773-4063 |
Sales by
Region
(Activity &
Markets)
The Subject exports
to
Court
Action
Not Available.
News
Clipping
---
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.53 |
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|
1 |
Rs.72.56 |
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Euro |
1 |
Rs.60.62 |
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 |
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 |
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.