MIRA INFORM REPORT

 

 

Report Date :

09.07.2011

 

IDENTIFICATION DETAILS

 

Name :

CHEMCROSS INTERNATIONAL INC.

 

 

Registered Office :

84-11, Namdaemunno 5(o)-ga, Jung-gu, Seoul, Korea, 4FL., Yonsei Severance Bldg., Zip Code-100-753

 

 

Country :

South Korea

 

 

Date of Incorporation :

10.02.2009

 

 

Com. Reg. No.:

110111-4041242

 

 

Legal Form :

Co., Ltd., by Shares

 

 

Line of Business :

Wholesales of the basic chemicals for industrial purpose, Online Marketplace

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 


Basic

 

Company Name

CHEMCROSS INTERNATIONAL INC.

(Korean Company Name: “()켐크로스인터내셔널”)

Registered Address

84-11, Namdaemunno 5(o)-ga, Jung-gu, Seoul, Korea

Building

4FL., Yonsei Severance Bldg.

Zip Code

100-753

Tel

+82-2-2259-1315

Fax

+82-2-2259-1360

E-mail

info@chemcross.com; hosunglee@chemcross.com;recruit@chemcross.com

Website

www.chemcross.com

Trading Address

4FL., Yonsei Severance Bldg., 84-11, Namdaemunno 5(o)-ga, Jung-gu, Seoul 100-753 Korea

Tel

+82-2-22591299

Fax

+82-2-22591363

Type

Import/Export

Industry

Wholesales of the basic chemicals for industrial purpose, Online Marketplace

  Main Business

Paints, Dyes and related chemicals, Fertilizer, Synthetic Rubber, Plastic Materials, Recycling Products

Established (mm/dd/yyyy)

02/10/2009

 

The Subject Company occupies the premises of registered HQ address by leasing base.

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Chemicals including Bio Chemicals and Gas Materials(12000000)

Sell

World wide web WWW site operation host services(81112105)

Sell

Basic Chemicals

Sell

Plastic Materials

Sell

Chemicals for Paints & Dyes

Sell

Chemicals for Fertilizer

 

 

CEO’s

 

Name

Jeon Kil-Young

Address

Suite 229-203, 902, Mok-dong, Yangcheon-gu, Seoul, Korea

Date of Birth

08/02/1960

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

5,500,000,000

Employees

30

Formation

Co., Ltd., by Shares

Foreign Direct Investment Corporation

Bank Details

Shinhan Bank

Corporate Registered No.

110111-4041242

Business Registered No.

104-86-19203

Permit & Licenses

N/A

(*)Shareholder Position

Please be referred to below.

Company History

02/10/2009 Incorporated as the present name

02/26/2009 Registered as a Foreign Direct Investment Corporation

07/20/2009 Increased the authorized shares to 4,000,000 Shares from 400,000 Shares

07/25/2009 Increased capital to 5,000,000,000 KRW from 500,000,000 KRW

11/25/2010 Increased capital to 5,500,000,000 KRW from 5,000,000,000 KRW

11/25/2010 Acquired SOLAR CROSS CO., LTD.

 

 

 

(*)Shareholder Position

Japan

AKC

Asahi Kasei, established in 1931, operates in four diversified segments and had sales of $10 billion in 2000. Its chemicals and plastics segment, and housing and construction materials unit each account for about a third of sales. Asahi Kasei's fibers and textiles operation is Japan's largest rayon operation. The company's special products segment makes items ranging from drinks to electronics and medical products.

In June 2001, Asahi Kasei launched its own e-commerce site, Akchem.com (http://www.akchem.com/), to provide information and services related to the company's chemical products. The new site aims to provide smart, speedy service to its business customers.

 

Maruzen Petrochemical Co. Ltd. (Chemiway)

Maruzen Petrochemical Co. Ltd. has the corporate mission of contributing to the healthy growth of society and industry by drawing on the chemical technology. Maruzen is also proceeding with the development of new high-added-value products and expansion of chemical and chemical-related businesses in a wide range of areas.

 

Mitsubishi Gas Chemical Company, Inc.

Mitsubishi Gas Chemical Company produces methanol and hydrogen peroxide and it supplies xylene products, electronic materials, oxygen absorbers, biotechnology and optoelectronics.

 

Nikko Petrochemicals Co., Ltd.

Nikko Petrochemicals Co., Ltd. was established in 1991 through reorganization of Petrochemical Division of Nippon Mining Co., Ltd. (Currently known as Japan Energy Corporation) The company's main products are Aromatics (BTX, Solvent), normal paraffin, and propylene.

 

Nippon Steel Chemical Co., Ltd.

Nippon Steel deals in chemical products including base chemicals, synthetic resins, lubricants, composite and electronic materials. The company has thirty consolidated subsidiaries, nineteen in Japan, three in the United States, two each in the United Kingdom, Hong Kong and Malaysia and one each in China and France.

 

Zeon Corporation

Zeon, established in 1950, focuses on five businesses, including information (electronic and image) materials, specialty plastics, environment materials, RIM molding products and medical equipment. Zeon is committed to responsible stewardship of the global environment as the foundation for human prosperity through the development and application of unique, world-leading technologies.

 

Nissho Iwai

Nissho Iwai operates in several industries, including machinery, metals, commodities, construction, and energy. Through more than 600 affiliated companies in nearly 80 countries, the sogo shosha (general trading company) manages infrastructure projects and builds power plants, produces lumber and builds condominiums, imports consumer goods, and exports and distributes automobiles.

 

Taiyo Oil

Taiyo Oil has the refinery in Kikuma-cho Ochi-gun Ehime Prefecture, whose topping capacity is currently 102,000 barrels/day. The production capacity of benzene is 330,000 ton/year and 350,000 ton/year for mix-xylene. Taiyo Oil is currently supplying 60% of its benzene and mix-xylene to domestic users in Japan and 40% to foreign customers, like Korea. Taiwan, and China.

 

Tokuyama

Tokuyama has always sought to leverage existing strengths to branch out into uncharted territory. Refining expertise in these new areas, in turn, better positions the company to respond to the evolving needs of the marketplace. This passion for new challenges and an innovative zeal will continue to guide Tokuyama well into the next century TOP 

 

Japan Synthetic Rubber Co., Ltd.

JSR Corporation is now supplying many types of opto-electronic materials, in which JSR occupies a major share. Renewed JSR will continue to challenge for future in exploring its maximum potentiality, looking for some new advanced materials in the category of petrochemicals and opto- electronic materials.

 

Kyushu Oil Co., Ltd.

Kyushu Oil, a supplier of the energy vital to everyday life, established three business pillars: an oil refining and distribution business ,a petrochemical business, and an industry leading independent power producer (IPP) business. Kyushu Oil will continue to promote diversity in its business in line with developments in related fields.

 

Indonesia

Continental Corporation Pte. Ltd

 

PT. Eterindo Wahanatama Tbk.

PT. Eterindo Wahanatama Tbk. is the leading producer of specialty chemicals in Southeast Asia and the sole manufacturer of Phthalic anhydride. The two modern facilities of the company are engaged in the manufacture of downstream products including plasticizers, synthetic latex resins, unsaturated polyester resins, alkyd and amino resins.

 

PT.GT Petrochem Industries Tbk.(formerly Andayani Megah Pt)

PT.GT Petrochem Industries Tbk. manufactures nylon cord, polyester chips, polyester filaments, plastic engineering, ethylene glycol, polyester staple fiber, petrochemical products and plastic engineering. Other activities of the group are the manufacture of nylon yarn and fishing nets.

 

PT.Polytama

Propindo PT.Polytama Propindo

 

POLYPET KARYAPERSADA

Polypet Karyapersada is a world-class producer of polyethylene terephthalate (PET) resins with a production capacity of 84,000 tones per year. A foundation built on Total quality Management systems and state-of-the-art process technology has enabled us to meet the industry's highest standards including FDA and EEC requirements as well as achieving ISO 9002 certification.

 

PT. Polyprima

Karyareksa PT. Polyprima Karyareksa

 

PT. Wiharta Karya Agung

 

Digital Investment LTd.

Digital Investment has interests in Pulp & Paper, Agri-Business, Properties and Financial Services. The group includes chemical businesses in the Pulp & Paper Division , Agribusiness Division and is a major user of chemicals in both industries.

 

China

SINOPEC Yangzi Petrochemical Co., Ltd.

Yangzi Petrochemical is one of China's five great petrochemical bases. Having considerable competitive strength in production scale, products, output, quality, market share and technological progress. The Company is concentrating its efforts on the development nd soaring of China's petrochemical industry by adhering to its moderate but steady operating style and following its magnificent transceutury development plan.

 

Nantong Company

In 2000, by national foreign economics & trade ministry, Nantong Company was awarded the import & export rights for dealing with the various products in chemicals, light industry, metals and etc. The main business of the company is operating organic chemicals, inorganic chemicals, plastic, rubber materials, tire, liquefied petroleum gas and so on.

 

Shanghai Jing Wen Industry Trading Development Co.,Ltd.

 

Sinochem Pudong Trading Co.,  Ltd.

Sinochem Pudong Trading has transformed its traditional import & export trade to international trade ,from single commodity trade to multi-function operation, building itself into an enterprise featuring modern management, international operation and conglomerate organizations.

 

Winsway (Group) Enterprises Ltd.

Winsway has established network of offices and representations in all the strategic locations. Our offices are in daily contact with our customers; developing business, either facilitating supplies into china main or assisting our chinese suppliers to export into the inter-national markets.

 

Korea

Aekyung Petrochemical Co., Ltd.

Aekyung Petrochemical has manufactured and supplied at home and abroad, petrochemical and fine chemical products. The company's annual production capacity of phthalic anhydride, which stood at 8,400 tons when the company was founded in 1970, is now the largest in the world as a unit complex.

 

Daelim Corporation

Daelim Corporation is the exclusive trader of the petrochemical products manufactured by Daelim Industrial Co., Ltd Petrochemical Division. Daelim Corporation maintains a network of trading offices throughout Asia, especially in Korea and China. Besides trading petrochemical products, Daelim Corporation is investing in e-business and venture capitals.

 

Daewoo International Corporation

A locomotive for national economic development since its founding in 1967 as Daewoo Industrial Co., Ltd., today's "Daewoo International Corporation" is the new vanguard of Korean trade. We are involved in the domestic and overseas construction business, electronic home appliances, automobiles, clothes and semiconductors.

 

Dongbu Hannong Chemical

Dongbu Hannong Chemical is a leader in Korea's agrochemical field and a leading manufacturer of petrochemicals and ferro-alloy. The petrochemical division has built an effectively integrated production system that is capable of producing styrene monomer (SM), polystyrene (PS),expandable polystyrene (EPS),and other styrenic products.

 

E-net

E-net is an e-business solution provider that offers seamless e-business solutions in eTailing, eProcurement, eCRM, eCatalog, eMobile and eMarketpace that help reduce procurement/transaction cost and boost revenue to utmost. With 35% share of B2C e-commerce software market share in Korea, E-Net was recently mentioned by Forbes as one of the 300 best small companies.

 

Hansol Chemience Co., Ltd.

Stemming from the existing paper manufacturing chemical products to environment chemical products, hydorgen peroxide, SB-latex, micro-capsules, Hansol Chemience has almost 20 years of fine chemical industry's know-how.

 

Hanwha Chemical

Hanwha Chemical is one of the leading petrochemical companies in Korea and is principally engaged in the production of bulk chemical products for the Korean market. Hanwha Chemical was the first Korean company to produce chlor-alkali (CA), low density polyethylene (LDPE)/ linear LDPE (LLDPE) and polyvinyl chloride (PVC) products.

 

Hanwha Corporation

Hanwha Corporation is involved in the trading of petrochemicals, construction of apartments and non-residential buildings, and manufacturing of miscellaneous chemicals and communication equipment. The company has eleven consolidated subsidiaries, three in Korea and eight abroad.

 

Hanwha L&C Corp.

Hanwha L&C Corp. manufactures such daily necessities and industrial materials as decorative flooring, plastic window parts, interior and exterior decoration fixtures, automobile components, and a variety of films--all of that have served the citizens of Korea by improving our quality of life.

 

Honam Petrochemical Corporation

Honam Petrochemical Corporation is involved in the manufacture of petrochemical products such as synthetic resins, synthetic industrial materials including ethylene glycol and ethylene oxide for making polyester, automobile antifreeze solutions, methyl methacrylate, benzene, propylene and ethylene, in Korea.

 

Hosung Chemex Co., Ltd.

Founded in 1978, Hosung Chemex Co. Ltd. has manufactured and supplied many kinds of performance solvents and organic peroxide. After merging with Jung Woo Co. Ltd. in January 1998, we have been engaged in the production and sales of thermoplastic polyurethane and polyester polyol, a raw material for urethane.

 

Hyosung Corporation

Hyosung Corporation is involved in the manufacture of nylon yarn and related chemical products. It diversified its business into computer banking systems and functions for the trading arm of the Hyosung Group.

 

Hyundai Oil

Hyundai Oil enthusiastically participates in oil explorations. In 1989, three companies including Hyundai formed a consortium with Spain's Repsol, succeeding in exploring oil in Egypt. It plans to grow into an unparalleled energy corporation by actively engaging in the purchasing of oil fields in the North Sea and a continental shelf in Indonesia.

 

ITPlus, Inc.

ITPlus,Inc. is providing web based eBusiness Infrastructure Solution such as EJB Components , Web Application Server , System Management Solution and etc. under the company slogan, " We Deliver the 'ITPlus Mind' to Give you the Perfect Reliability.

 

Kohap Corporation

Kohap Corporation manufactures petrochemical raw-materials (PTA, PIA, DOP and etc.) synthetic fibers, resins, yarn, and polyester film. The company has nine consolidated subsidiaries. In addition, Kohap has entered leading-edge businesses such as telecommunications, new materials, and energy.

 

Korea Fine Chemical Co., Ltd.

Korea Fine Chemical Co., Ltd. is involved in the manufacture of toluene di-isocyanate which is used as a raw material for polyurethane. The company also produces various fine chemical compounds including pharmaceutical intermediates, special blocking reagents, chloroformates, and azodicarboxylates.

 

Korea Petrochemical Ind. Co., Ltd.

Korea Petrochemical Ind. Co., Ltd., established in 1970, built the first polypropylene plant in1972. It is furnishing the productivity of polypropylene and high-density polyethylene and compound raw materials for industrial supplies to the houseware.

 

Kuk Dong Chemical Co., Ltd.

Kukdong Chemical Co., Ltd., established in 1973, is one of the leading producers of silica gel in Korea, endeavoring for customer satisfactions by constant research and development.

 

KOREA KUMHO PETROCHEMICAL CO., LTD.

Korea's largest manufacturer of polystyrene resin, Kumho Petrochemical has operated as Hannam Chemicals in 1972 and began producing GPPS, HIPS, EPS, ABS, SAN and PPG. Kumho Chemicals, Inc. was the only company that built the plant with its own technology and led the pack in domestic technology development.

 

Kunsul Chemical Ind.Co., Ltd.

Kunsul Chemical, founded in 1948, have been labeled as the leader of high quality domestic and commercial paints in Korea. It is the company's goal to be the best producer of fine chemicals in near future.

 

LG Caltex Oil Corporation

LG Caltex Oil Corporation is the leader of providing total energy service. LG Caltex is focusing on three different categories of business, petrochemicals business (polypropylene, aromatics), energy business (oil refining business, LPG business, LNG, the business of producing electric power, transportation business), and lubricant business.

 

Namhae Chemical Corporation

produces more than 40 kinds of fertilizers including urea and compound fertilizers, fertilizers for gardening and fruit trees, and BB fertilizer, and 20 kinds of chemical products

 

Samsung Corporation

Samsung Corporation has dedicated itself to the realm of global business since 1938. The company leads Korea's overseas trading activities. Operating from 82 overseas offices, the Trading Group is involved in a wide variety of commerce, worldwide. The company's main export titles include semiconductors, machinery, plants, steel, chemicals, and textiles, energy, chemicals and machinery.

 

Samsung General Chemicals (SGC)

Samsung General Chemicals (SGC) was established in 1988. The complex is comprised of plants for the production of C4, BTX, SM, EO/EG, HDPE, PP and LDPE, along with a variety of support and ancillary facilities. At present, the company's total output stands at about two million tons annually.

 

Samsung Petrochemical Co., Ltd.

Samsung Petrochemical Co., Ltd., the largest domestic maker of purified terephthalic acid (PTA), feedstock of polyester, has been offering the best quality product to elevate the quality of human life and also possesses the highest level of competitive edge in the world in terms of quality, productivity, and efficiency.

 

Samsung SDS

Samsung SDS is the largest global IT solutions provider in Korea with annual revenues of $1 billion U.S dollars and an expanding network of 6,000 employees in branches around the world. We offer a wide range of services and products such as consulting, systems integration, packaged software, outsourcing, and technical training.

 

SsangYong Corporation

Since 1954, SsangYong Corporation has been operating in domestic, export, import and offshore trade activities. The company deals with steel, chemical, cement, electronics, energy, textile items through worldwide networks, 27 overseas branches & 7 local subsidiaries.

 

Tae Young Chemical Corp.

Tae Young Chemical Corp. started the tank terminal business in 1979. The company provides service for the imported goods for domestic sales as well as the exporting business with domestic products.

 

TongSuh Petrochemical Corp., Ltd.

TongSuh Petrochemical Corp., Ltd. was established in 1969, as an equally owned joint venture of Chungju Fertilizer Corporation of Korea and Skelly Oil Company of the U.S.A., and began its operations in the production and sale of acrylonitrile. The company continued to devote itself in the development and growth in acrylonitrile, sodium cyanide, and other petrochemicals.

 

Toray Saehan Inc.

Toray Saehan Inc., the joint venture with 70% of Toray Industries Inc. (Japan) and 30 % of Saehan Industries Inc. (Korea), was established on Dec.1st 1999. Its 3 major industry fields are polyester base film and processing industry; polyester filament and textile industry; and polypropylene and polyester non-woven fabric.

 

UNID Co., Ltd.

UNID Co., Ltd. has been involved in diverse sectors of business from chemicals to timber for over 20 years. The company is a subsidiary of Oriental Chemical Industries. The Chemicals Division is manufacturing potassium carbonate, potassium hydroxide, sodium hypochlorite, liquified chlorine, ferrous chloride, ferric chloride, and hydrochloric acid (HCI).

 

Woolim Shipping Co.,Ltd.

Woolim Shipping, established in 1983, is one of the leading tanker companies in Korea. The company is specialized in shipping chemicals and oil products.

 

Taiwan

Chi Mei Corporation

Chi Mei Corporation was the first manufacturer of acrylic sheets in Taiwan. Chi Mei continues to foster the spirit of excellence and innovation, and it is a trusted partner for countless manufacturers and molders throughout the world. From Asia to Europe to America, Chi Mei is recognized as one of world leader in the production of plastic resins.

 

Grand Pacific Petrochemical

Grand Pacific Petrochemical is the first styrene monomer producer in Taiwan. Grand Pacific, receiving both ISO 9002 and ISO 14001 quality certification in 1997, maintains strict all-encompassing quality control systems and processes with professional technicians and modern equipment. "Everyone does exactly what he says. Your satisfaction is the only measure of my success."

 

Companies of Loyal Group

The business ranges of the group include Keeneyes Ind. Corp., Loyal Chemical Ind. Corp., Ningbo He-Qiao Chemical Ind. Co., Ltd., Jiang Yin Long Xin Chemical Co., Jiang Yin Xin-He-Qiao Chemical Co., Ltd., and the sales offices - Success Gate Ind. Ltd. (Hong Kong) , Sales Door Ltd. (China), He-Qiao Guang Zhou Office (China).

 

GRACE T.H.W. GRO GRACE T.H.W. GRO

GRACE T.H.W. GROUP is an emerging enterprises group has the vision of one-day becoming an internationally known and globally competitive player in the electronics and petrochemical industries.

The Group's goal is to establish a internationally competitive production base for the midstream processing sector, focusing on the electronics and petrochemical industries in China.

 

Tuntex Petrochemicals Inc.

was founded in November 1991. The company was established as the first manufacturer of Pure Terephthalic Acid (PTA), a major raw material of polyester which has been used in the textile, non-woven, automotive, bottling, and packaging industries.

 

Thailand

Cementhai Chemicals Co., Ltd (CCC)

Cementhai Chemicals has sales offices in China, Indonesia, Philippines, Myanmar and Vietnam. CCC's philosophy is to produce high quality products without violating the environment or morality, and to provide customers the best services. As evidence, all of polyolefins plants have been granted the ISO 9002 and ISO 14000 certificates.

 

USA

Aspen Technology, Inc.

supplies integrated software and solutions that enable process manufacturers to automate and optimize their plants and extended supply chains, while enabling e-business. AspenTech offers the industry's broadest family of scaleable solutions, allowing process manufacturers to achieve competitive advantage in the Internet economy.

 

Methanex

Methanex sources additional methanol through a marketing agreement with a plant located in Trinidad, and also through spot market purchases. Methanex' extensive global marketing and distribution system makes it the largest supplier of methanol to each of the major international markets and maintain our world leadership in methanol marketing, logistics and sales .

 

Samsung America, Inc. (SAI)

Samsung America, Inc. (SAI) is the American branch of Samsung Corporation. SAI's strength lies in its expertise in dealing with foreign markets, its knowledge of products, and cost advantages in purchasing and distribution. SAI is thus able to operate as both a trade intermediary and as a conduit for an immense volume of information.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Jeon Kil-Young

Male

Korean

02/10/2009

Director

Mr.

Hur Won-Joon

Male

Korean

12/24/2009

Director

Mr.

Kim Jung-Soo

Male

Korean

03/31/2010

Director

Mr.

Fuji Ishoon

Male

Japanese

08/02/2010

Auditor

Mr.

Hong Kwang-Hern

Male

Korean

12/24/2009

 

 

Financial Description

 

Authorized Capital(KRW)

20,000,000,000

Paid-Up Capital(KRW)

5,500,000,000

Total Issues Shares

1,100,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Global Chemical B2B Company

 

ChemCross.com is share brokering & consulting division with the trading division.

The broking & consulting division is on-line broking services whereby buyers and sellers of benzene/toluene/xylene/para xylene/styrene monomer etc chemical products. In addition to exchange service, Chemcross offers asia-specific market information and consulting services.

 

The trading division is in business fiber intermediates, vinyls & plasticizers, poly olefins, styrenics, phenol & derivatives, methanol & solvents division.

 

 


Trade Partners & Competitors

 

Competitors

BIZ MRO CO., LTD.

4TH FL., IN-U BLDG., 109-1, SAMSEONG 1-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-3702-0900  FAX:+82-2-3702-0901

 

CYBER DISTY CO., LTD.

A-501, WOOLIM LION`S VALLEY 1-CHA, 371-28, GASAN-DONG, GEUMCHEON-GU, SEOUL, KOREA

TEL:+82-2-2026-5600  FAX:+82-2-2026-5629

 

ENTOB CORPORATION

RM. 701, ANAM TOWER, 702-10, YEOKSAM 1-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-2007-0800  FAX:+82-2-2007-0888

 

 

Related Parties (Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

CHEMCROSS INC.

CENTER ROAD, 1013, NEW CASTLE COUNTY, WILMINGTON CITY, DELAWARE, USA

 

ChemCross is a global chemical marketplace established in 2000 as an online B2B consortium. ChemCross is owned by 67 leading chemical companies from 7 countries worldwide. ChemCross started as an online chemical exchange that represents the Asian chemical industry. Since then, the spectrum of services has grown wider to include various offline business functions and information services. ChemCross is the gateway to Asian chemical market for chemical manufacturers, traders, and end-users from all over the world. The annual volume of transaction at ChemCross exceeded $1 billion US dollars in 2004.

Overseas Office

HOUSTON

11999 KATY FREEWAY SUITE 625 HOUSTON, TX 77079

TEL:281-596-0011 FAX:281-596-0143

E-MAIL : INFO-USA@CHEMCROSS.COM

 

SHANGHAI

13-16 RM, 24 FLOOR, BANK OF CHINA TOWER, 200 MID. YIN CHENG RD. PU DONG SHANGHAI P.R. CHINA

TEL : 86-21-6887-2108 FAX: 86-21-6887-2123/6887-2006

E-MAIL : INFO-CHINA@CHEMCROSS.COM

 

TOKYO

26-1-101, 2-CHOME, HAZAWA, NERIMA-KU, TOKYO 176-0003 JAPAN

TEL : 81-90-8726-3060 FAX : 81-3-3557-6779

E-MAIL : INFO-JAPAN@CHEMCROSS.COM

 

SINGAPORE

105 CECIL STREET #12-01 THE OCTAGON SINGAPORE 069536

TEL : 65-6223-2911 FAX : 65-6223-0695

E-MAIL : SINGAPORE@CHEMCROSS.COM

Corporate Ownership

CHEMCROSS.COM, INC.

ADDRESS: 11999 KATY FREEWAY SUITE 625, HOUSTON, TX 77079

TEL:+1-281-596-0011 FAX:+1-281-596-0143

 

 

Sales by Region (Activity & Markets)

 

The Subject exports to China.

 

 

Court Action

 

Not Available

 

 

News Clipping

 

----


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.44.33

UK Pound

1

Rs.70.74

Euro

1

Rs.63.65

 

 

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.