MIRA INFORM REPORT
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Report Date : |
30.06.2011 |
IDENTIFICATION DETAILS
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Name : |
CHEM-GLOBAL CORPORATION |
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Registered Office : |
702-10, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea, Rm. 802, Anam Tower, Zip Code 135-565 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
17.04.2000 |
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Com. Reg. No.: |
220-81-84641 |
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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
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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 |
CHEM-GLOBAL
CORPORATION (Korean
Company Name : “(주)켐글로벌”) |
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Registered Address |
702-10, Yeoksam 1-dong, Gangnam-gu, Seoul,
Korea |
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Building |
Rm. 802, Anam Tower |
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Zip Code |
135-565 |
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Tel |
+82-2-2009-2940~1 |
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Fax |
+82-2-2009-2943 |
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E-mail |
dmlee@chemglobal.co.kr;dong1030@hananet.net;david@chemglobal.co.kr |
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Website |
www.chemglobal.co.kr |
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Trading Address |
Rm. 802, Anam Tower, 702-10, Yeoksam
1-dong, Gangnam-gu, Seoul, Korea |
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Tel |
+82-2-2009-2940~1 |
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Fax |
+82-2-2009-2943 |
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Type |
Export/Import |
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Industry |
Wholesale of Other Chemical Materials and Chemical Products |
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Main Business |
Chemistry Materials, Nitric Acid, Repro Plastic Resin |
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Sub
Business |
Electric & Electronic Products,
Machinery |
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Established (mm/dd/yyyy) |
04/17/2000 |
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 |
Inorganic acids(12352301) |
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Sell |
Resins(13111000) |
CEO’s
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Name |
Lee Dong-Mok |
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Address |
Suite 309-1002, 35, Jamsil-dong,
Songpa-gu, Seoul, Korea |
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Date of Birth |
03/09/1955 |
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Title |
Representative Director |
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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 |
2 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Shinhan Bank-Gangnam Central Branch |
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Corporate Registered No. |
110111-1941784 |
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Business Registered No. |
220-81-84641 |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
04/17/2000 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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Representative Director |
Mr. |
Lee Dong-Mok |
Male |
Korean |
03/31/2005 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
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2008 |
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2007 |
1,863,000,000 |
467,000,000 |
- |
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2006 |
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2005 |
4,800,000,000 |
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2004 |
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2003 |
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The latest
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 |
Balance
Sheet
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Unit : Million Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
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Total Assets |
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467 |
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Current Assets |
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365 |
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-Quick Assets |
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301 |
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-Inventories |
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65 |
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Fixed Assets |
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102 |
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-Investment |
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80 |
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-Tangibles |
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6 |
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-Intangibles |
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Total Liabilities |
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369 |
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Current Liabilities |
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369 |
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Fixed Liabilities |
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Capital Stock |
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200 |
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Capital Surplus |
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Profit Surplus |
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-102 |
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Capital Adjustment |
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Total Equity |
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98 |
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Liab. & Shareholder’s Equity |
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467 |
Income
Statement
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Unit : Million Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
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Sales |
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1,863 |
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Cost of Sold Goods |
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1,525 |
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Gross Profit |
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338 |
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Selling & Admin. Expenses |
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338 |
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Operating Income |
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- |
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Non-Operating Income |
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7 |
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Non-Operating Expenses |
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7 |
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Income Before Taxes |
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- |
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Income Taxes Expenses |
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Net Income |
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- |
Products, Technologies, Services Description
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Main Products & Services |
Chemistry Materials, Nitric Acid, Repro Plastic Resin |
Trade Partners & Competitors
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Competitors |
HAN KYUNG CHEMICAL CO., LTD. 25B-10L, NAMDONG INDUSTRIAL COMPLEX, 446-9,
NONHYEON-DONG, NAMDONG-GU, INCHEON, KOREA TEL:+82-32-818-0146 FAX:+82-32-819-7298 SBI CORPORATION RM. 204, 418-3, SINDORIM-DONG, GURO-GU,
SEOUL, KOREA TEL:+82-2-2633-2585 FAX:+82-2-2633-2596 KUKJAE CHEMICAL CO., LTD. 36-3, SEGOK-RI, BONGDAM-EUP, HWASEONG-SI,
GYEONGGI-DO, KOREA TEL:+82-31-227-0672 FAX:+82-31-298-0671 |
Sales by Region
(Activity & Markets)
The Subject deals
with the companies in China.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
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UK Pound |
1 |
Rs.71.91 |
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Euro |
1 |
Rs.64.60 |
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.