MIRA INFORM
REPORT
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Report Date : |
30.07.2011 |
IDENTIFICATION DETAILS
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Name : |
STYROLUTION KOREA LTD. |
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Formerly Known As : |
BASF STYRENICS KOREA LTD |
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Registered Office : |
472-9, Sanggae-dong, Nam-gu, Ulsan, Korea, Zip Code 680-180 |
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Country : |
South korea |
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Date of Incorporation : |
29.09.2008 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture 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 – 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 |
STYROLUTION KOREA LTD. (Korean Company Name : “한국스티롤루션(주)”) |
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Registered Address |
472-9, Sanggae-dong,
Nam-gu, Ulsan, Korea |
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Zip Code |
680-180 |
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Tel |
+82-52-279-5800 |
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Fax |
+82-52-272-4801 |
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E-mail |
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Website |
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Trading Address |
3F, Korea
Chamber of Commerce, 45, Namdaemunno 4(sa)-ga, Jung-gu, Seoul, Korea |
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Tel |
+82-2-3707-7754 |
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Fax |
N/A |
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Type |
Export/Import |
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Industry |
Manufacture of Synthetic Rubber and Plastics Materials |
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Main Business |
SM, PS, ABS, SBC |
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Established (mm/dd/yyyy) |
09/29/2008 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Chemicals including Bio Chemicals and Gas Materials(12000000) |
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Sell |
Organic derivatives and substituted compounds(12352100) |
CEO’s
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Name |
Chi Myung-Suk |
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Address |
Suite 107-903, 1240, Sanbon-dong,
Gunpo-si, Gyeonggi-do, Korea |
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Date of Birth |
01/10/1957 |
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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) |
30,050,000,000 |
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Employees |
250 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
N/A |
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Corporate Registered No. |
230111-0148328 |
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Business Registered No. |
610-81-***** (The full numbers are kept by
the National Tax Service confidentially.) |
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Permit & Licenses |
Int’l Trade No.: 30680883 |
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Shareholder Position |
N/A |
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Company History |
09/29/2008 Incorporated as BASF STYRENICS
KOREA LTD. 07/02/2010 Changed company name to the
present name 12/01/2010 Increased the authorized shares
to 30,050,000 shares from 200,000 shares 12/29/2010 Increased capital to
30,050,000,000 KRW from 50,000,000 KRW |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Chi Myung-Suk |
Male |
Korean |
09/29/2008 |
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Director |
Mr. |
Jang Hyung-Tae |
Male |
Korean |
10/14/2010 |
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Director |
Mr. |
Roberto Gualdoni |
Male |
German |
10/14/2010 |
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Director |
Mr. |
Jacob Nielson |
Male |
Swedish |
05/01/2011 |
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Auditor |
Mr. |
Moon Hong-Jang |
Male |
Korean |
10/14/2010 |
Financials
The latest &
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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Authorized Capital(KRW) |
30,050,000,000 |
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Paid-Up Capital(KRW) |
30,050,000,000 |
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Total Issues Shares |
30,050,000 |
Products, Technologies, Services Description
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Main Products & Services |
SM, PS, ABS, SBC |
Trade Partners & Competitors
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Competitors |
SAMSUNG TOTAL PETROCHEMICALS CO., LTD. 411-1, DOKGOT-RI, DAESAN-EUP, SEOSAN-SI,
CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-660-6114 FAX:+82-41-681-4812 HONAM PETROCHEMICAL CORPORATION 11TH FL., LOTTE GWANAK TOWER, 395-67,
SINDAEBANG 2-DONG, DONGJAK-GU, SEOUL, KOREA TEL:+82-2-829-4114 FAX:+82-2-843-1010 SAM NAM PETROCHEMICAL CO., LTD. 4TH FL., SAMYANG CO. BLDG., 263,
YEONJI-DONG, JONGNO-GU, SEOUL, KOREA TEL:+82-2-740-7450~1 FAX:+82-2-745-4225 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
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Affiliates |
BASF COMPANY LTD.(110111-0600860) CIBA SPECIALTY CHEMICALS KOREA LTD.(110111-0714406) DAIHAN SWISS CHEMICAL CORP.(110111-0307325) BASF AKTIENGESELLSCHAFT BASF SOUTH EAST ASIA PTE. LTD. |
Sales by Region
(Activity & Markets)
The Subject deals with the companies in Germany.
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 |
|
US Dollar |
1 |
Rs.44.16 |
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UK Pound |
1 |
Rs.72.10 |
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Euro |
1 |
Rs.63.10 |
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.