MIRA INFORM REPORT
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Report Date : |
24.06.2011 |
IDENTIFICATION DETAILS
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Name : |
WONCHEM LTD. |
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Registered Office : |
559, Dohwa-dong, Mapo-gu, Seoul, Korea, Rm.2712, B-Dong, Mapo Trapalace 121-815 |
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Country : |
South Korea |
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Date of Incorporation : |
27.10.2010 |
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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 : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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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
|
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 |
WONCHEM LTD. (Korean Company Name : “(주)원켐”) |
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Registered Address |
559, Dohwa-dong,
Mapo-gu, Seoul, Korea |
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Building |
Rm.2712, B-Dong, Mapo Trapalace |
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Zip Code |
121-815 |
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Tel |
+82-2-711-4531 |
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Fax |
+82-2-711-4535 |
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E-mail |
wis@wonchem.co.kr |
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Website |
www.wonchem.co.kr |
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Trading Address |
Rm.2712,
B-Dong, Mapo Trapalace, 559, Dohwa-dong, Mapo-gu, Seoul, Korea |
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Tel |
+82-2-711-4531 |
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Fax |
+82-2-711-4535 |
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Type |
Export |
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Industry |
Wholesale of Synthetic Rubber and Plastics Materials |
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Main Business |
Synthetic Rubber, Petrochemical Products,
Electronics Products |
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Established (mm/dd/yyyy) |
10/27/2010 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Plastic resins(13111059) |
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Sell |
Polypropylene PP(13102022) |
CEO’s
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Name |
Sohn Won-Ik |
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Address |
Suite 104-501, 1052, Hawangsimni-dong,
Seongdong-gu, Seoul, Korea |
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Date of Birth |
02/06/1955 |
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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) |
50,000,000 |
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Employees |
2 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
N/A |
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Corporate Registered No. |
110111-4458827 |
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Business Registered No. |
105-87-**** (The full numbers are kept by
the National Tax Service confidentially.) |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
10/27/2010 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. |
Sohn Won-Ik |
Male |
Korean |
10/27/2010 |
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Director |
Mr. |
Cho Kook-Mo |
Male |
Korean |
10/27/2010 |
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Auditor |
M/S. |
Lee Moo-Kyung |
Female |
Korean |
10/27/2010 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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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) |
200,000,000 |
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Paid-Up Capital(KRW) |
50,000,000 |
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Total Issues Shares |
10,000 |
Products, Technologies, Services Description
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Main Products & Services |
Plastic Resin, Petrochemical Product |
Trade Partners & Competitors
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Competitors |
CRESCO CORPORATION LTD. RM. 407, GWANGHWAMUN OFFICIA, 163, SINMUNNO
1-GA, JONGNO-GU, SEOUL, KOREA TEL:+82-2-3276-3777 FAX:+82-2-3276-3779 SAMMIN CORPORATION RM. 408, DAEGWANG BLDG., 7-15, NONHYEON
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-547-2556 FAX:+82-2-547-2559 JUNGWOO CORPORATION 2ND FL., JEONG-U BLDG., 1552-8, SEOCHO
3-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-523-9661 FAX:+82-2-523-9671 |
Sales by Region
(Activity & Markets)
The Subject deals
with the companies in China, Japan and South East Asia. It exports to India and
Japan.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
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UK Pound |
1 |
Rs.72.09 |
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Euro |
1 |
Rs.64.21 |
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.