MIRA INFORM
REPORT
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Report Date : |
28.01.2011 |
IDENTIFICATION DETAILS
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Name : |
LG CHEM LTD. |
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Registered Office : |
20, Yeouido-dong, Yeongdeungpo-gu, |
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Country : |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
01.04.2001 |
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Com. Reg. No.: |
107-81-98139 |
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Legal Form : |
Listed Company |
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Line of Business : |
Manufacturer of Basic Organic Petrochemicals |
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 : |
Good |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Exists |
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 |
LG CHEM LTD. (Korean Company Name : “(주)LG화학”) |
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Registered Address |
20, Yeouido-dong,
Yeongdeungpo-gu, |
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Building |
24th Fl., LG |
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Zip Code |
150-721 |
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Tel |
+82-2-3773-5114 |
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Fax |
+82-2-3773-7933 |
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E-mail |
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Website |
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Trading Address |
24th
Fl., LG Twin Tower East Annex, 20, Yeouido-dong, Yeongdeungpo-gu, |
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Tel |
+82-2-3773-5114 |
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Fax |
+82-2-3773-7933 |
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Other Address-Yeosu VCM Factory |
763, Wolnae-dong, Yeosu-si, Jeonnam-do 555-260 |
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Tel |
+82-61-680-6400 |
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Other Address-Yeosu SM Factory |
1214-1, Jeokryang-dong, Yeosu-si,
Jeonnam-do 555-270 |
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Tel |
+82-61-680-6201 |
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Other Address-Okso Alcohol Factory |
760 Jungheung-dong, Yeosu-si, Jeonnam-do
555-200 |
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Tel |
+82-61-680-6810 |
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Other Address-Yeosu Acylate Factory |
70-1, Hwachi-dong, Yeosu-si, Jeonnam-do
555-280 |
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Tel |
+82-61-680-1114 |
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Fax |
+82-61-680-6006 |
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Other Address-Naju Factory |
1, Songwol-dong, Naju-si, Jeonnam-do
520-130 |
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Tel |
+82-61-330-1114 |
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Fax |
+82-61-330-1350 |
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Other Address-Daesan Factory |
679-13, Daejuk-ri, Daesan-eup, Seosan-si,
Chungnam-do 356-874 |
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Tel |
+82-41-660-7821 |
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Fax |
+82-41-660-7891 |
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Other Address-Iksan Factory |
599, Yongje-dong, Iksan-si, Jeonbuk-do
570-350 |
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Tel |
+82-63-830-1114 |
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Fax |
+82-63-830-4118 |
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Other |
8B Ochang Scientific Local Industrial Complex
1114-1 Namchon-ri, Oksan-myeon, Cheongwon-gun, Chungbuk-do 363-911 |
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Tel |
+82-41-660-7826 |
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Fax |
+82-41-660-7891 |
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Type |
Export/Import |
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Industry |
Manufacture of Basic Organic Petrochemicals |
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Main Business |
Petrochemicals, Performance Polymers, Industrial Materials,
Information & Electronic Materials |
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Sub
Business |
Manufacture of Synthetic Resin and Other Plastic Materials |
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Established (mm/dd/yyyy) |
04/01/2001 |
The Subject owns the premises of registered factories in Yeosu, Daesan, Naju, Iksan and Ochang.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Photographic processing chemicals(45141500) |
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Sell |
Resins(13111000) |
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Sell |
Surface decorative materials |
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Sell |
Circuit assemblies and radio frequency RF components(32101500) |
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Sell |
Films(13111200) |
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Sell |
Electrical boxes(39121303) |
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Sell |
Rugs and mats(52101500) |
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Sell |
Synthetic or imitation leather(11162307) |
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Sell |
Wall finishing materials(30161500) |
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Sell |
Heating equipment and parts and accessories(40101800) |
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Sell |
Additives(12160000) |
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Sell |
Flooring(30161700) |
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Sell |
Restroom partitions(30181508) |
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Sell |
Pipe(40142100) |
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Sell |
Tiles and flagstones(30131700) |
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Sell |
Doors(30171500) |
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Sell |
Door frames(30171507) |
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Sell |
Films(13111200) |
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Sell |
Wallpapers(30161502) |
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Sell |
Nickel hydrogen batteries(26111712) |
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Sell |
Lithium batteries(26111711) |
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Sell |
Transportation components and systems(25170000) |
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Sell |
Polarizers(31242202) |
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Sell |
Billboard advertising(82101501) |
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Sell |
Molding(30161906) |
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Sell |
Polystyrene PS(13102026) |
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Sell |
Gaseous fuels(15111500) |
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Sell |
Inorganic hydroxides(12352305) |
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Sell |
Elastomers(13101700) |
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Sell |
Toner(44103103) |
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Sell |
Plasticizers(12162000) |
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Sell |
Low Density Polyethylene LDPE(13102018) |
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Sell |
Polybutylene Terepthalate PBT(13102012) |
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Sell |
Chemicals including Bio Chemicals and Gas Materials(12000000) |
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Sell |
Aromatic or heterocyclic compounds(12352005) |
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Sell |
Acrylonitrile butadiene styrene ABS(13102001) |
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Sell |
Thermoplastic plastics(13102000) |
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Sell |
Polypropylene PP(13102022) |
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Sell |
Styrene Acrylonitrile SAN(13102031) |
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Sell |
Polyethylene (PE) Compound |
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Sell |
Acrylate or methacrylate intermediates(12352130) |
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Sell |
High Density Polyethylene HDPE(13102017) |
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Sell |
Polyvinyl Chloride PVC(13102030) |
CEO’s
|
Name |
Kim Bahn-Suk |
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Date of Birth |
01/06/1949 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profile
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Capital (KRW) |
369,500,105,000 |
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Employees |
9,056 (Petrochemical 4,059, IT& Electronics : 4,270, Others : 727) |
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Formation |
Listed Company ( A Company of LG Business Group |
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Bank Details |
Hana Bank |
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Corporate Registered No. |
110111-2207995 |
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Business Registered No. |
107-81-98139 |
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Permit & Licenses |
KOSHA 2000 Int’l Trade No.: 11893323 |
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Shareholder Position |
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Company History |
01/1947 Established as Lucky Chemical
Industrial Corporation 11/1951 Moved headquarters to Bujin-dong,
Busan Produced Korea's first injection-molded products 07/1954 Commissioned first mass-production
injection-molding plant (Busan Yeonji Plant) 03/1959 Founded Lucky Fats and Oils
Industries Co. 07/1961 Established as Lucky Chemical
Industrial Corporation 08/1962 Moved headquarters to Bujin-dong,
Busan Produced Korea's first injection-molded products 01/1966 Commissioned first mass-production
injection-molding plant (Busan Yeonji Plant) 01/1969 Founded Lucky Fats and Oils
Industries Co. 02/1974 Renamed as Lucky Ltd. 11/1976 Commissioned Yeocheon PVC paste
resin production plant 08/1978 Commissioned Ulsan plastics
processing plant 12/1979 Opened Lucky 03/1984 Established as Lucky Chemical
Industrial Corporation 01/1985 Moved headquarters to Bujin-dong,
Busan Produced Korea's first injection-molded products 05/1987 Commissioned first mass-production
injection-molding plant (Busan Yeonji Plant) 02/1989 Founded Lucky Fats and Oils
Industries Co. 12/1990 Founded joint venture firm Lucky
MMA 03/1991 Founded overseas joint venture firm
in PVC processing and DOP 11/1991 Merged Lucky Materials 01/1992 Commissioned Yeocheon PA plant 04/1993 World's first development and
commercialization of HCFC resistant resin 01/1994 Completed Lucky 02/1995 Renamed LG Chemical Ltd. 11/1996 Acquired 12/1997 Selected as one of the 05/1998 Completed Tianjin LG-Dagu Chemical
PVC plant in 05/1998 Completed Tianjin LG New Building
Materials flooring plant in 07/1998 Commissioned Ningbo LG-Yogxing
Chemical ABS plant in 02/1999 Issued 2 million global depository
receipts 01/1999 Completed production sites for
information and electronic materials in Cheongju (lithium ion batteries,
phosphor, and ccl) Commercialized color filter photoresists for LCD panels |
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Company History |
07/2000 Developed phosphor for PDP for the
first time in 01/2000 Completed 90,000 mtpa Ningbo
LG-Yongxing Chemical ABS plant expansion in 11/2000 Acquired Hyundai Petrochemical's
PVC business 03/2001 Established 04/2001 LG Chem has been detached from LG Chemical Ltd. in April 1, 2001 to
unlock long-term shareholder value and provide investors with investment
opportunities in highly focused entities. LG Chemical spun-off into LG Chem
Investment (LGCI), LG Chem and LG Household & Healthcare. 05/2001 Spun off powder coatings business 06/2001 Developed Korea's first thermal
conductive plastic 08/2001 Spun off dyestuff business 01/2001 Completed 90,000 mtpa Tiangjin
LG-Dagu Chemical PVC plant expansion in 02/2002 Completed Cheongju polarizer plant
expansion 04/2002 Sold off epoxy business (to
Bakelite of Germany) 07/2002 Started the operation of ERP system 08/2002 Commissioned Guangzhou EP compound
plant 08/2002 Established LG Chemical Trading
Co., Ltd. In Shangha 12/2002 Started construction of 03/2003 Completed Tianjin window profile
and door plant in China Artificia marble business (HI MACS) launched in US
market 06/2003 Consortium with Honam
Petrochemical, partial absorption of Hyundai Petrochemical 07/2003 Completed construction of EP
compound facility in 08/2003 Established LG Chem ( 11/2003 Established LG Chem Industrial
Materials, Inc. in the 03/2004 06/2004 Established LG Yongxing Latex in 11/2004 Commissioned Guangzhou ABS plant in
01/2005 Established LG Chem ( 01/2005 Completed business split of Hyundai
Petrochemicals and established LG Daesan Petrochemicals 06/2005 Established joint R&D lab with 07/2005 Established sales subsidiary LG
Chem Europe GmbH in 01/2005 Commissioned Hi-Macs solid acrylic
surface plant in the 01/2006 Merged with LG Daesan
Petrochemicals 11/2007 Signed the agreement on the merger
of LG PETROCHEMICAL CO., LTD (110111-0226905) 01/2006 Merged with LG Daesan
Petrochemicals 11/2007 Signed the agreement on the merger
of LG PETROCHEMICAL CO., LTD (110111-0226905) 12/02/2008 Decide to spin off the
Industrial Material Business Division and transfer to LG HAUSYS,
LTD.(110111-4071207) as of 04/01/2009 04/01/2009 Spin off into the existing
company, and newly established company, LG HAUSYS, LTD.(110111-4071207) 04/01/2009 Decreased capital to 369,500,105,000 KRW from 419,500,105,000 KRW 12/30/2010 Decide to acquire LG POLYCARBONATE
LTD(206211-0014519) |
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
President & CEO |
Mr. |
Kim Bahn-Suk |
Korean |
1949.01.06 |
|
|
Chairman |
Mr. |
Kang Yu-Sik |
Korean |
1948.11.03 |
|
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Director & CFO |
Mr. |
Cho Suck-Jae |
Korean |
1955.09.27 |
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|
Director |
Mr. |
Oh Ho-Soo |
Korean |
1944.03.04 |
|
|
Director |
Mr. |
|
Korean |
1952.11.16 |
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Director |
Mr. |
Oh Seung-Mo |
Korean |
1954.01.25 |
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Director |
Mr. |
Park Il-Jin |
Korean |
1947.02.10 |
|
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
12,638,425,000,000 |
10,571,745,000,000 |
1,615,838,000,000 |
|
|
2009 |
13,694,515,000,000 |
8,358,827,000,000 |
1,507,131,000,000 |
|
2008 |
12,645,000,000,000 |
8,036,382,000,000 |
1,002,585,000,000 |
|
2007 |
10,795,320,000,000 |
7,049,952,000,000 |
686,205,000,000 |
|
2006 |
9,284,570,000,000 |
5,806,516,000,000 |
316,000,000,000 |
|
2005 |
7,425,104,000,000 |
5,593,399,000,000 |
400,258,000,000 |
|
2004 |
7,127,411,000,000 |
5,679,529,000,000 |
536,420,000,000 |
|
2003 |
5,672,465,760,496 |
4,761,747,857,666 |
362,108,459,312 |
(*)09/2010’s figures are based on the K-IFRS Accounting System.
Financial Description
|
Authorized Capital(KRW) |
1,460,000,000,000 |
|
Paid-Up Capital(KRW) |
369,500,105,000 |
|
Total Issues Shares |
73,900,021(Common : 66,271,100 / Preferable : 7,628,921) |
Balance Sheet
|
Unit : Million Korean Won |
01/01/2010~09/30/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total
Assets |
10,571,745 |
9,434,738 |
|
|
Current Assets |
5,173,372 |
4,594,241 |
|
|
Cash
& Cash Equivalents |
989,662 |
862,585 |
|
|
Trade
Payables & Other Receivables |
2,471,191 |
2,334,543 |
|
|
Current Financial Instruments |
2,311 |
- |
|
|
Other
Finance Assets |
54,142 |
56,182 |
|
|
Inventories |
1,656,066 |
1,340,931 |
|
|
Non-Current Assets |
5,398,373 |
4,840,497 |
|
|
Long-Term
Trade Payables & Other Receivables |
12,188 |
17,267 |
|
|
Non-Current
Financial Instruments |
4,044 |
22,419 |
|
|
Investment_Subsidiaries |
630,489 |
575,762 |
|
|
Investment_Related
Companies |
217,170 |
202,960 |
|
|
Deferred Income Tax Assets |
4,528 |
- |
|
|
Tangibles |
4,359,714 |
3,860,280 |
|
|
Intangibles |
160,564 |
150,440 |
|
|
Other
Non-Current Assets |
9,676 |
11,369 |
|
|
Total
Liabilities |
3,526,522 |
3,739,502 |
|
|
Current Liabilities |
3,045,931 |
3,214,353 |
|
|
Trade
Payables & Other Payables |
1,679,415 |
1,559,319 |
|
|
Borrowings |
990,924 |
1,404,000 |
|
|
Current Portion of Provisions |
5,057 |
5,304 |
|
|
Accrued Income Tax |
318,077 |
185,975 |
|
|
Other Current Liabilities |
52,458 |
59,755 |
|
|
Non-Current Liabilities |
480,591 |
525,149 |
|
|
Long-Term
Trade Payables & Other Payables |
44,975 |
28,991 |
|
|
Borrowings |
352,489 |
404,239 |
|
|
Other
Non-Current Financial Debts |
24,381 |
35,064 |
|
|
Provision for Severance & Retirement |
58,746 |
53,261 |
|
|
Deferred Income Tax Credit |
- |
3,594 |
|
|
Capital
Stock |
369,500 |
369,500 |
|
|
Capital
Surplus |
1,157,572 |
1,157,572 |
|
|
Installments |
-15,484 |
-479,756 |
|
|
Others |
-3,575 |
-7,318 |
|
|
Profit
Surplus |
5,537,210 |
4,655,238 |
|
|
Total
Equity |
7,045,223 |
5,695,236 |
|
|
Liab.
& Shareholder’s Equity |
10,571,745 |
9,434,738 |
|
Income
Statement
|
Unit : Million Korean Won |
01/01/2010~09/30/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
12,638,425 |
|
|
|
Cost of Sold Goods |
-9,886,078 |
|
|
|
Gross Profit |
2,752,347 |
|
|
|
Selling
& Admin. Expenses |
-714,038 |
|
|
|
Other
Operating Income |
345,831 |
|
|
|
Other
Operating Expenses |
-337,220 |
|
|
|
Operating Income |
2,046,920 |
|
|
|
Non-Operating Income |
28,916 |
|
|
|
Income
Before Taxes |
2,075,836 |
|
|
|
Income
Taxes Expenses |
-459,998 |
|
|
|
Income
from Continuous Business |
1,615,838 |
|
|
|
Income
from Stopped Business |
- |
|
|
|
Net
Income |
1,615,838 |
|
|
Cash Flows
|
Unit : Million Korean Won |
01/01/2010~09/30/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Operating Activities Cash Flows |
1,673,140 |
|
|
|
Cash Flows from Operating |
1,959,351 |
|
|
|
Interests Received |
17,504 |
|
|
|
Interests Paid |
-40,260 |
|
|
|
Dividends Received |
73,758 |
|
|
|
Income Taxes |
-337,213 |
|
|
|
Cash Flows from Investing |
-845,489 |
|
|
|
Cash Inflow from Investing |
259,148 |
|
|
|
Cash Outflows for Investing |
-1,104,637 |
|
|
|
Cash Flows from Financing |
-699,642 |
|
|
|
Cash Inflows from Financing |
15,973 |
|
|
|
Cash Outflows from Financing |
-715,615 |
|
|
|
Increase/Decrease in Cash |
862,585 |
|
|
|
Cash at the Beginning of Year |
-932 |
|
|
|
Cash at the End of Year |
989,662 |
|
|
Products, Technologies, Services Description
|
Main Products & Services |
-Information & Electronic Materials Mobile Energy Optical Materials Electronic Materials -Chemicals & Polymers NCC/Polyolefin Rubbers/Specialty Polymers PVC ABS/EP Acrylates/Plasticizers -Industrial Materials Housing Solutions Living Solutions Automotive Solutions |
|
Detailed Products Spec. |
Information & Electronic Materials Chemicals & Polymers Industrial Materials |
Trade Partners & Competitors
|
Suppliers |
LG INTERNATIONAL CORP. LG PETROCHEM. CO., LTD.(110111-0226905) LG CORP. OXY/DOW CHEM PETOCA ADVANCED NANO PRODUCTS CO., LTD. BUYONG LOCAL INDUSTRIAL COMPLEX, 244,
GEUMHO-RI, BUYONG-MYEON, CHEONGWON-GUN, CHUNGBUK-DO 363-942 TEL:+82-43-275-6966 FAX:+82-43-275-6960 INDUSTRY: MANUFACTURE OF ALL OTHER CHEMICAL
PRODUCTS N.E.C. KAEL CO., LTD. 1690-2, SINIL-DONG, DAEDEOK-GU, DAEJEON
306-230 TEL:+82-42-931-6287 FAX:+82-42-931-9190 INDUSTRY: MANUFACTURE OF SEMICONDUCTOR-
MAKING MACHINERY ELICO POWER CO., LTD. 466-2, SONGJEONG-DONG, GWANGJU-SI,
GYEONGGI-DO 464-903 TEL:+82-31-760-3600 FAX:+82-31-760-3601 INDUSTRY: MANUFACTURE OF OTHER ELECTRIC
MOTORS, GENERATORS AND TRANSFORMERS SEMONG NICE CO., LTD. #407 YUCHEON FACTOPIA 196 TEL:+82-31-467-2713~6 FAX:+82-31-467-2999 INDUSTRY: MANUFACTURE OF SHOES BUMSAN SYSTEC CO., LTD. 2 FL., GEUMSEONG BLDG., 117-2,
YANGJAE-DONG, SEOCHO-GU, TEL:+82-2-577-2574 FAX:+82-2-579-6481 INDUSTRY: PAPER HANGING, DECORATING AND
CARPENTRY WORKS |
|
Suppliers |
LS CABLE LTD. 19 FL., TEL:+82-2-2189-9114 FAX:+82-2-2189-9509 INDUSTRY: MANUFACTURE OF INSULATED WIRE AND
CABLE, EXCEPT INSULATED CODE SETS SUN YOUNG CHEMICAL CO., LTD. 170-43, ANNYEONG-RI, TAEAN-EUP, HWASEONG-SI,
GYEONGGI-DO 445-976 TEL:+82-31-226-3016 FAX:+82-31-226-3010 INDUSTRY: MANUFACTURE OF PLASTIC FILMS,
SHEETS AND PLATES NEXCON TECHNOLOGY CO., LTD. 303-1, YOBANG-RI, SEONGGEO-EUP, CHEONAN-SI,
CHUNGNAM-DO 330-834 TEL:+82-41-620-4000 FAX:+82-41-620-4009 INDUSTRY: MANUFACTURE OF OTHER ELECTRIC
MOTORS, GENERATORS AND TRANSFORMERS POWER LOGICS CO., LTD. 5445, SANGDAEWON-DONG, JUNGWON-GU,
SEONGNAM-SI, GYEONGGI-DO 462-120 TEL:+82-31-704-1463 FAX:+82-31-704-9487 INDUSTRY: MANUFACTURE OF ELECTRICAL
APPARATUSESES FOR SWITCHING, PROTECTING AND CONNECTING ELECTRICAL CIRCUITS
USED IN POWER DISTRIBUTION SYSTEMS SPEC CORP. 1695-5, SINIL-DONG, DAEDEOK-GU, DAEJEON
306-230 TEL:+82-42-934-9200 FAX:+82-42-934-9300 INDUSTRY: MANUFACTURE OF AIRCRAFT PARTS AND
ACCESSORIES DONGKOOK IND. CO., LTD. GABEUL BLDG., 2-5, GARWOL-DONG, YONGSAN-GU,
TEL:+82-2-754-2961 FAX:+82-2-754-2960 INDUSTRY: MANUFACTURE OF OTHER PARTS AND
ACCESSORIES FOR MOTOR VEHICLES S DOCERA CO. 11-1206 REX APT, DONG BU ICHON DONG, YONGSAN GU, TEL:+82-2-7492720 FAX:+82-2-7492722 INDUSTRY: WHOLESALE TEXTILES |
|
Customers |
SILTRON INC. LG INTERNATIONAL CORP. LG ELECTRONICS INC. LG. PHILIPS LCD CO., LTD. LG PETROCHEM. CO., LTD. KIA MOTORS CORPORATION 231, YANGJAE-DONG, SEOCHO-GU, TEL:+82-2-3464-1114 FAX:+82-2-3464-6800 INDUSTRY: MANUFACTURE OF PASSENGER MOTOR
VEHICLES DAEWOO ELECTRONICS CO., LTD. 686, AHYEON-DONG, MAPO-GU, TEL:+82-2-360-7114 FAX:+82-2-360-5588 INDUSTRY: MANUFACTURE OF OTHER DOMESTIC
ELECTRIC APPLIANCES GS ENGINEERING & CONSTRUCTION CORP. GS YEOKJEON BLDG., 537, NAMDAEMUNNO 5-GA,
JUNG-GU, TEL:+82-2-728-1112~3 FAX:+82-2-728-1203,3235 INDUSTRY: APARTMENT BUILDING CONSTRUCTION NATIONAL PLASTIC CO., LTD. 834, WONSI-DONG, DANWON-GU, ANSAN-SI,
GYEONGGI-DO 425-852 TEL:+82-31-361-8613 FAX:+82-31-360-7501 INDUSTRY: MANUFACTURE OF PACKAGING PLASTICS
AND SHIPPING CONTAINERS HYNIX SEMICONDUCTOR INC. SAN 136-1, AMI-RI, BUBAL-EUP, ICHEON-SI,
GYEONGGI-DO 467-866 TEL:+82-31-630-4114 FAX:+82-31-630-4103 INDUSTRY: MANUFACTURE OF DIODES,
TRANSISTORS AND SIMILAR SEMI-CONDUCTOR DEVICES |
|
Customers |
GAON CABLE CO., LTD. 166, GEUMJEONG-DONG, GUNPO-SI, GYEONGGI-DO
435-824 TEL:+82-31-452-7346 FAX:+82-31-454-1916 INDUSTRY: MANUFACTURE OF INSULATED WIRE AND
CABLE, EXCEPT INSULATED CODE SETS YOULCHON CHEMICAL CO., LTD. 4F NONGSHIM BD, 370-1, SINDAEBANG 2-DONG, DONGJAK-GU, TEL:+82-2-822-0022 FAX:+82-2-821-0956 INDUSTRY: MANUFACTURE OF PLASTIC SACKS,
BAGS AND SIMILAR PRODUCTS SL CORPORATION 236-3, NOWONDONG 3-GA, BUK-GU, DAEGU
702-815 TEL:+82-53-352-8511 FAX:+82-53-352-8520 INDUSTRY: MANUFACTURE OF OTHER PARTS AND
ACCESSORIES FOR MOTOR VEHICLES DONG AH TIRE ＆ RUBBER CO.,
LTD. 90, YUSAN-DONG, YANGSAN-SI, GYEONGNAM-DO
626-230 TEL:+82-55-389-0011 FAX:+82-55-382-7736 INDUSTRY: MANUFACTURE OF TIRES AND TUBES KOLON CHEMICAL CO., LTD. 10F TEL:+82-2-3677-6043 FAX:+82-2-3677-6190 INDUSTRY: MANUFACTURE OF SYNTHETIC RESIN
AND OTHER PLASTIC MATERIALS |
|
Customers |
DC CHEMICAL CO., LTD. ORIENTAL CHEMICAL IND. BLDG., 50, SOGONG-DONG,
JUNG-GU, TEL:+82-2-727-9500 FAX:+82-2-757-4111 INDUSTRY: MANUFACTURE OF OTHER BASIC
INORGANIC CHEMICALS HANIL EWHA CO., LTD. 176-3, GOCHEOK 2-DONG, GURO-GU, TEL:+82-2-2618-5231 FAX:+82-2-2618-1153 INDUSTRY: MANUFACTURE OF PARTS AND
ACCESSORIES FOR MOTOR VEHICLE BODY HYUNDAI MOTOR COMPANY 231, YANGJAE-DONG, SEOCHO-GU, TEL:+82-2-3464-1114 FAX:+82-2-3464-3469 INDUSTRY: MANUFACTURE OF PASSENGER MOTOR
VEHICLES GM DAEWOO AUTO & TECHNOLOGY COMPANY 199-1, CHEONGCHEON-DONG, BUPYEONG-GU,
INCHEON 403-030 TEL:+82-32-520-2114 FAX:+82-32-520-4658 INDUSTRY: MANUFACTURE OF PASSENGER MOTOR
VEHICLES CHIL SUNG POLYMER CO., LTD. 54-5, SEONGSAN-DONG, MAPO-GU, TEL:+82-2-334-4604 FAX:+82-2-334-8969 INDUSTRY: MANUFACTURE OF ADHESIVES AND
GELATIN |
|
Competitors |
SAMSUNG GENERAL CHEMICALS CO., LTD. SAN 222-2, DOKGOT-RI, DAESAN-EUP,
SEOSAN-SI, CHUNGNAM-DO 356-874 TEL:+82-41-660-6213 FAX:+82-41-681-4812 INDUSTRY: MANUFACTURE OF BASIC ORGANIC
PETROCHEMICALS SAMSUNG TOTAL PETROCHEMICALS CO., LTD. 411-1, DOKGOT-RI, DAESAN-EUP, SEOSAN-SI,
CHUNGNAM-DO 356-874 TEL:+82-41-660-6114 FAX:+82-41-681-4812 INDUSTRY: MANUFACTURE OF BASIC ORGANIC
PETROCHEMICALS SK CHEMICALS CO., LTD. 600, JEONGJA 1-DONG, JANGAN-GU, SUWON-SI,
GYEONGGI-DO 440-745 TEL:+82-31-245-3131 FAX:+82-31-247-2004 INDUSTRY: MANUFACTURE OF BASIC ORGANIC
PETROCHEMICALS BASF CO., LTD. 373-15, HWACHI-DONG, YEOSU-SI, JEONNAM-DO
555-280 TEL:+82-61-680-7000 FAX:+82-61-684-7260 INDUSTRY: MANUFACTURE OF BASIC ORGANIC
PETROCHEMICALS ACE DIGITECH CO., LTD. 441-1, GURYONG-RI, OCHANG-MYEON,
CHEONGWON-GUN, CHUNGBUK-DO 363-883 TEL:+82-43-210-0100 FAX:+82-43-217-6991 INDUSTRY: MANUFACTURE OF OPTICAL FIBERS AND
ELEMENTS |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
LG CORP.(110111-0003543) LG ELECTRONICS INC.(110111-2487050) LG DACOM CORPORATION(110111-0315948) LG INTERNATIONAL CORP(110111-0004632) LG CHEM LTD.(110111-2207995) LG HOUSEHOLD & HEALTH CARE
LTD.(110111-2208000) LG LIFE SCIENCES CO., LTD.(110111-2581183) LG DISPLAY CO., LTD.(110111-0393134) LG TELECOM CO., LTD.(110111-1296676) LG INNOTEK CO., LTD.(110111-0192180) LG MICRON LTD.(175311-0001075) LG DOW POLYCARBONATE CO.,
LTD.(206211-0014519) LG CNS CO., LTD.(110111-0516695) LG SPORTS CO., LTD.(110111-0359300) LG MANAGEMENT DEVELOPMENT INSTITUTE CO.,
LTD.(110111-0423494) SILTRON INCORPORATED(175311-0001348) LG MMA CORPORATION(206211-0001805) DACOM MULTIMEDIA INTERNET
CORPORATION(110111-1905441) DACOM CROSSING CORPORATION(110111-2234683) SERVEONE(110111-2411520) LG N SYS CO., LTD.(110111-2397027) HIPLAZA CO., LTD.(131111-0028801) LG POWERCOM CORPORATION(110111-1863889) HI BUSINESS LOGISTICS CO.,LTD. V-ENS CO., LTD.(120111-0334897) LUSEM CO., LTD.(176011-0038073) CS LEADER CO., LTD.(110111-2271924) AIN TELE SERVICE CO., LTD.(180111-0367581) BIZ TECH & EKTIMO CO.,
LTD.(110111-2689507) LG SOLAR ENERGY INC.(110111-3759408) COCA-COLA BEVERAGE CO.,
LTD.(110111-1342130) UCESS PARTNERS CO., LTD.(110111-3798026) SYSTEM AIR-CON ENGINEERING
INCORPORATION(110111-3371989) JIHEUNG CO., LTD.(180111-0630053) CS ONE PARTNER CORPORATION(110111-3961756) SEETECH CO., LTD. TWIN WINE CO., LTD.(110111-3791129) KOREA COMMERCIAL VEHICLE CO.,
LTD.(200111-0105200) GIOVINE CO., LTD.(110111-3942714) PIXDIX CO., LTD.(110111-3947657) LG HAUSYS, LTD.(110111-4071207) |
|
Affiliates-Overseas |
LG INNOTEK HUIZHOU CO.,LTD SERVEONE( ARCELIC-LG KLIMA SANAYI VE TICARTE
A.S(LGEAT) BEIJING LG HOUSEHOLD CHEMICAL CO., LTD. CCKBC( CCKBC( COMPACT POWER INC. DACOM AMERICA INC. DE ZWARTE PONK B.V.(DZP) EIC PROPERTIES PTE.LTD. ELECTROMAGNETICA GOLDSTAR S.R.L EPC MUNAI LLP FOSCO B.V. GFTZ LG INTERNATIONAL LTD. GLOBAL PROFESSIONAL SOURCING CO., LTD HANGZHOU LG COSMETICS CO., LTD. HI LOGISTICS HI LOGISTICS LANCHAO LG(YANTAI)DIGITAL INSPUR LG DIGITAL MOBILE COMMUNICATIONS
CO., LTD. LG ( LG (YANTAI) INFORMATION & COMMUNICATION
TECH. LG ALINA ELECTONICS(LGERI) LG CHEM BRASIL INTERMEDICAO DE NEGOCIOS DO
SETOR QUIMICO LTDA. LG CHEM DISPLAY MATERIAL CO., LTD LG CHEM LG CHEM INDUSTRIAL MATERIALS INC. LG CHEM LG CHEM TAIWAN, LTD. LG CHEM( LG CHEM( LG CHEM( LG CHEMICAL AMERICA INC. LG CHEMICAL HONG KONG LTD. LG CHEMICAL INDIA PRIVATE LTD. LG CHEMICAL TRADING CO., LTD LG CHEMICAL( LG CNS AMERICA, INC LG CNS BRASIL SERVICOS DE T.I.LTDA LG CNS CHINA, INC LG CNS LG CNS GLOBAL PRIVATE LIMITED |
|
Affiliates-Overseas |
LG CNS JAPAN, INC LG CNS PHILIPINES, INC LG ELCTRONICS NORWAY AS LG ELECTONICS HUIZHOU LTD. LG ELECTRONICS (KUNSHAN) COMPUTER CO., LTD. LG ELECTRONICS (LEVANT) - LG ELECTRONICS ( LG ELECTRONICS ( LG ELECTRONICS LG ELECTRONICS ALAMABA, INC. (LGEAI) LG ELECTRONICS ALMATY KAZAK CO.,
LTD.(LGEAK) LG ELECTRONICS ARGENTINA S.A.(LGEAR) LG ELECTRONICS LG ELECTRONICS LG ELECTRONICS LG ELECTRONICS CANADA,INC. (LGECI) LG ELECTRONICS CHINA CO., LTD. (LGECH) LG ELECTRONICS LG ELECTRONICS CZECH S.R.O. LG ELECTRONICS DA LG ELECTRONICS DE SAO PAULO LTDA. (LGESP) LG ELECTRONICS DEUTSCHLAND.GMBH. (LGEDG) LG ELECTRONICS LG ELECTRONICS LG ELECTRONICS ESPANA S.A. (LGEES) LG ELECTRONICS EUROPEAN HOLDINGS B.V. LG ELECTRONICS EUROPEAN LOGISTICS &
SERVICES B.V. LG ELECTRONICS EUROPEAN SHARED SERVICE
CENTER B.V. LG ELECTRONICS LG ELECTRONICS GULF FZE (LGEGF) |
|
Affiliates-Overseas |
LG ELECTRONICS LG ELECTRONICS HK LTD.(LGEHK) LG ELECTRONICS INC. LG ELECTRONICS LG ELECTRONICS LG ELECTRONICS JAPAN INC. (LGEJP) LG ELECTRONICS JIT LG ELECTRONICS LG ELECTRONICS MAGYAR KFT. (LGEMK) LG ELECTRONICS LG ELECTRONICS LG ELECTRONICS MEXICO S.A. DE C.V (LGEMS) LG ELECTRONICS MIDDLE EAST CO., LTD. LG ELECTRONICS MLAWA SP.ZO.O (LGEMA) LG ELECTRONICS LG ELECTRONICS MOBILECOMM LG ELECTRONICS MOBLECOMM LG ELECTRONICS MONTERREY MEXICO S.A. DE
C.V. LG ELECTRONICS LG ELECTRONICS NANJING DISPLAY CO.,LTD LG ELECTRONICS( LG ELECTRONICS NIGERIA LIMITED(LGENI) LG ELECTRONICS NORDIC AB LG ELECTRONICS OVERSEAS TRADING FZE LG ELECTRONICS PANAMA S.A. (LGEPS) LG ELECTRONICS PERU S.A. (LGEPR) LG ELECTRONICS PHILIPPINES, INC. (LGEPH) LG ELECTRONICS POLSKA SP.ZO.O (LGEPL) LG ELECTRONICS PORTUGAL S.A. LG ELECTRONICS QINHUANGDAO CO.,LTD(LGEQH) LG ELECTRONICS RAYNOSA, S.A.DE C.V(LGERS) LG ELECTRONICS LG ELECTRONICS RUS.LLC |
|
Affiliates-Overseas |
LG ELECTRONICS RUS-MARKETING, LLC LG ELECTRONICS S.A.(PTY) LTD. (LGESA) LG ELECTRONICS SINGAPORE PTE LTD LG ELECTRONICS TAIWAN TAIPEI CO., LTD. LG ELECTRONICS THAILAND CO.,LTD.(LGETH) LG ELECTRONICS TIANJIN APPLIANCES CO., LTD. LG ELECTRONICS TICARET A.S LG ELECTRONICS UKLAINE LG ELECTRONICS UNITED KINGDOM LTD. (LGEUK) LG ELECTRONICS USA INC. (LGEUS) LG ELECTRONICS VIETNAM LTD. (LGESV) LG ELECTRONICS WALES LTD. (LGEWA) LG ELECTRONICS LG ELECTRONICS( LG H&H TRADING(SHANGHAI) CO.LTD. LG HOLDINGS LTD. (LGHK) LG HOUSEHOLD & HEALTH CARE AMERICA, INC LG INNOTEK MEXICALI S.A. DE C.V LG INNOTEK LG INNOTEK USA INC. LG INNOTEK YANTAI CO., LTD LG INTERNATIONAL AMERICA INC. LG INTERNATIONAL CORP.( LG INTERNATIONAL JAPAN LTD. LG INTERNATIONAL INVESTMENT ( LG INTERNATIONAL SAUDI LLC LG INTERNATIONAL( LG INTERNATIONAL(DEUTCHLAND) GMBH LG INTERNATIONAL(HK) LIMITED LG INTERNATIONAL( LG LIFE SCIENCES INDIA PVT,LTD LG LIFE SCIENCES POLAND, LTD LG MICRON( LG MICRON( LG MITR ELECTRONICS CO., LTD. (LGEMT) LG PHILIPS LCD AMERICA INC. LG PHILIPS LCD LG PHILIPS LCD HONGKONG CO.,LTD LG PHILIPS LCD LG PHILIPS LCD NANJING CO. LTD LG.PHILIPS LCD SHENZEN CO., LTD. LG PHILIPS LCD TAIWAN CO. LTD. (LGPLT) |
|
Affiliates-Overseas |
LG PROPERTIES PTE. LTD. LG SOFT INDIA PVT LTD.(LGSI) LG SOLID SOURCE, LLC LG VINA CHEMICAL J/V COMPANY LG VINA COSMETICS LG.PHILIPS LCD GUANGZHOU CO., LTD.(LPLGZ) LG.PHILIPS LCD LG.PHILIPS LCD SHANGHAI CO., LTD. LG-SHAKER CO.,LTD MONGOLIA RESOURCES INVESTMENT LIMITED NAKHODKA NANJING LG PANDA APPLIANCES CO., LTD.
(LGEPN) NINGBO LG YONGXING CHEMICAL CO., LTD. PHILCO RESOURCES LIMITED PT LG CNS PT LG ELECTRONICS PT. BATUBARA GLOBAL ENERGY PT. GOLDEN HYUNDAI MACHINERY(PT.GHM) PT. KIMCO ENERGY UTAMA PT. LG INNOTEK PT. TUTUI BATUBARA UTAMA QINGDAO LG INSPUR DIGITAL COMMUNICATION
CO., LTD. RESOURCES INVESTMENT (H.K) LIMITED SHANGHAI LG ELECTRONICS CO., LTD.
(LGESH) SILTRON AMERICA, INC. TAIZHOU LG ELECTRONIC REFRIGERATION
CO.LTD(LGETR) TIANJIN LG BOHAI CHEMICL CO., LTD. TIANJIN LG DAGU CHEMICAL CO., LTD. TRIVENI DIGITAL INC. V-ENS(M) SDN. BHD. ZENITH ELECTRONICS CO. (ZENITH) |
|
Overseas Office |
HIGASHI-KAN 16F, TEL:+81-3-3584-6545 FAX:+81-3-3224-1545 BUYUKDERE CADDESI NUROL PLAZA NO:71 A BLOK
KAT:8 MASLAK/ TEL:+90-533-667-2995 HOCHIMINH OFFICE 8TH FLOOR, TEL:+84-8-822-0409 FAX:+84-8-822-0407 AB-3, SAFDARJUNG ENCLAVE, NEW DELHI-110029 TEL:+91-11-2671-4001 FAX:+91-11-2671-3646 LYONER STR 15 TEL:+49-69-666-5014 FAX:+49-69-666-4026 TEL:+6221-515-1714 FAX:+6221-515-1716 ROOM #1804, OFFICE BLDG., SOVINCENTER 12,
KRASNOPRESNENSKAYA NAB., TEL:+7-095-258-2335~9 FAX:+7-095-258-2340 NO. TEL:+65-6333-6090 FAX:+65-6333-6109 19TH FLOOR, TEL:+66-2-665-7417 / 7418 FAX:+66-2-665-7420 |
|
Joint Venture |
LG VINA CHEMICAL JOINT VENTURE CO., LTD. 8TH FLOOR, TEL:+84-8-822-1686 FAX:+84-8-822-1685 |
|
Subsidiary |
SEETECH CO., LTD. (50.0% held by the subject company) LG DOW POLYCARBONATE CO.,
LTD.(206211-0014519) (50.0% held by the subject company) COMPACT POWER,INC. (100.0% held by the subject company) LG CHEM TRADING( (100.0% held by the subject company) LG HOLDINGS (HK) LTD. (18.18% held by the subject company) LG CHEM ( (81.99% held by the subject company) LG CHEM INDUSTRIAL MATERIALS INC. (100.0% held by the subject company) LG CHEM ( (100.0% held by the subject company) LG CHEM ( (100.0% held by the subject company) TIANJIN LG DAGU CHEMICAL CO., LTD. (75.0% held by the subject company) (85.35% held by the subject company) NINGBO LG YONGXING CHEMICAL CO., LTD. (75.0% held by the subject company) LG POLYMER (100.0% held by the subject company) LG CHEMICAL HONG KONG LTD. (100.0% held by the subject company) LG VINA CHEMICAL J/V COMPANY (40.0% held by the subject company) LG CHEM AMERICA, INC. (100.0% held by the subject company) |
|
Subsidiary |
M.DOHMEN (49.0% held by the subject company) LG CHEMICAL ( (100.0% held by the subject company) LG CHEM ( (90.0% held by the subject company) LG CHEM DISPLAY MATERIALS ( (90.0% held by the subject company) TIANJIN LG BOHAI CHEMICAL CO., LTD. (65.0% held by the subject company) LG CHEM (100.0% held by the subject company) LG CHEM BRASIL, LTD. (100.0% held by the subject company) LG CHEM (100.0% held by the subject company) |
|
Major Shareholders |
LG CORP. LG TEL:+82-2-3773-2042 FAX:+82-2-3773-2100 INDUSTRY: HOLDING COMPANIES |
|
Cooperative |
MERCK-GERMANY TOSHIBA-JAPAN GOODYEAR TIRE SUN ENERGY-GERMANY (PROJECT: BIPV (BUILDING
INTEGRATED PHOTOVOLTAIC)) |
Sales by Region
(Activity & Markets)
|
Sales/ Unit :Mil
KRW |
06/2010 |
2009 |
2008 |
|
Export |
5,928,752 |
10,130,289 |
8,775,976 |
|
Domestic |
3,522,399 |
3,564,226 |
3,869,024 |
|
Total |
9,451,151 |
13,694,515 |
12,645,000 |
The Subject exports
to North America, Asia Africa and
Court Action
There are 27 cases filed as Plaintiff(s)/ Creditor(s)/ Applicant(s) amounting 47,229,000,000 KRW, and 11 cases filed as Defendant(s)/
Debtor(s)/ Respondent(s) amounting 1,917,000,000 KRW.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.57 |
|
|
1 |
Rs.72.50 |
|
Euro |
1 |
Rs.62.46 |
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 |
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.