MIRA INFORM REPORT
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Report Date : |
11.07.2011 |
IDENTIFICATION DETAILS
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Name : |
NEWCHEM GLOBAL INC |
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Registered Office : |
26-1, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea, Rm. 2201, S-trenue, Zip Code 150-879 |
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Country : |
South Korea |
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Date of Incorporation : |
02.12.2009 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesale of Other Chemical Materials and Chemical Products |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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South Korea |
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 |
NEWCHEM GLOBAL
INC. (Korean
Company Name : “(주)뉴켐글로벌”) |
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Registered Address |
26-1, Yeouido-dong, Yeongdeungpo-gu,
Seoul, Korea |
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Building |
Rm. 2201, S-trenue |
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Zip Code |
150-879 |
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Tel |
+82-2-3775-1517~8 |
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Fax |
+82-2-3775-1519 |
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E-mail |
newchem@newchemglobal.com |
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Trading Address |
Rm. 2201, S-trenue, 26-1, Yeouido-dong,
Yeongdeungpo-gu, Seoul, Korea |
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Tel |
+82-2-3775-1517~8 |
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Fax |
+82-2-3775-1519 |
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Type |
Export |
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Industry |
Wholesale of Other Chemical Materials and Chemical Products |
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Main Business |
DEG, Acetone, PA, Phenol, MA, MPG, PS, EPS, Fertilizer |
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Established (mm/dd/yyyy) |
12/02/2009 |
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 |
Chemistry reagents or solutions(41116105) |
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Sell |
Chemicals including Bio Chemicals and Gas
Materials(12000000) |
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Sell |
Chemical fertilizers and plant
nutrients(10171600) |
CEO’s
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Name |
Cho Sung-Woo(Steve) |
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Address |
Suite 335-2501, 35, Jamsil-dong,
Songpa-gu, Seoul, Korea |
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Date of Birth |
05/11/1964 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
200,000,000 |
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Employees |
3 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
N/A |
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Corporate Registered No. |
110111-4232007 |
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Business Registered No. |
107-87-28*** (The full numbers are kept by
the National Tax Service confidentially.) |
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Permit & Licenses |
Int’l Trade No.: 30661701 |
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Shareholder Position |
N/A |
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Company History |
12/02/2009 Incorporated as the present name |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Cho Sung-Woo |
Male |
Korean |
12/02/2009 |
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Director |
Mr. |
Jung Jae-Hyun |
Male |
Korean |
12/02/2009 |
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Auditor |
M/S. |
Yong Eun-Kyung |
Female |
Korean |
12/02/2009 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
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The 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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Authorized Capital(KRW) |
800,000,000 |
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Paid-Up Capital(KRW) |
200,000,000 |
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Total Issues Shares |
40,000 |
Products, Technologies, Services Description
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Main Products & Services |
DEG, Acetone, PA, Phenol, MA, MPG, PS, EPS, Fertilizer |
Trade Partners & Competitors
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Competitors |
DOUGLAS CHEM INC RM. 812, DAEWOO BLDG. BOKAP-DONG, 167,
NAESU-DONG, JONGNO-GU, SEOUL, KOREA TEL:+82-2-6272-7130 FAX:+82-2-6272-7131 MYOUNGJI CHEMICAL CO., LTD. RM. 1001,
DAEWOO OFFICETEL, 45-5, YEOUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-761-6660 FAX:+82-2-761-0337 CHEMICAL NETWORKS CO., LTD. 753-14, WONSAN-RI, ONSAN-EUP, ULJU-GUN,
ULSAN, KOREA TEL:+82-52-237-6111 FAX:+82-52-237-6110 |
Sales by Region
(Activity & Markets)
The Subject exports
to India and China.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.33 |
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UK Pound |
1 |
Rs.70.74 |
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Euro |
1 |
Rs.63.65 |
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 |
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NB |
New Business |
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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.