MIRA INFORM REPORT

 

 

Report Date :           

04.10.2011

 

IDENTIFICATION DETAILS

 

Name :

SH POLYCHEM CORP.

 

 

Registered Office :

467-24, Dogok 2-dong, Gangnam-gu, Seoul, Korea, Rm. 302, Woosung Character 199 Officetel, Zip Code 135-856

 

 

Country :

South Korea

 

 

Date of Incorporation :

18.02.2008

 

 

Com. Reg. No.:

105-87-18029

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesale of Other Chemical Materials and Chemical Products

 

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 :

Small Company 

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

SH POLYCHEM CORP.

(Korean Company Name : “(주)에스에이치폴리켐”)

Registered Address

467-24, Dogok 2-dong, Gangnam-gu, Seoul, Korea

Building

Rm. 302, Woosung Character 199 Officetel

Zip Code

135-856

Tel

+82-2-3143-1406

Fax

+82-2-3143-1407

E-mail

stanley@shcorp.kr

Website

www.shcorp.kr

Trading Address

Rm. 302, Woosung Character 199 Officetel, 467-24, Dogok 2-dong, Gangnam-gu, Seoul, Korea

Tel

+82-2-3143-1406

Fax

+82-2-3143-1407

Type

 Export/Import

Industry

Wholesale of Other Chemical Materials and Chemical Products

  Main Business

Polyurethane Hardener, Paint Material, Paint Additives

Established (mm/dd/yyyy)

02/18/2008

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Resins(13111000)

Sell

Chemistry reagents or solutions(41116105)

Sell

Polyurethane resins(13111061)

Sell

Chemicals including Bio Chemicals and Gas Materials(12000000)

 

 

CEO’s

 

Name

Chung Sang-Hoon(Stanly)

Address

Suite 120-1003, 54, Sunae-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Date of Birth

02/17/1966

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

1

Formation

Co., Ltd by Shares

Bank Details

Suhyup Bank

Corporate Registered No.

110111-3842469

Business Registered No.

105-87-18029

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

02/18/2008 Incorporated as the present name

04/16/2010 Moved to the present HQ address from 200-30, Donggyo-dong, Mapo-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Chung Sang-Hoon (Stanly)

Male

Korean

02/18/2008

Director

Mr.

Lee Chan-Joo

Male

Korean

02/18/2008

Director

M/S.

Seo Moon-Ja

Female

Korean

02/18/2008

Auditor

M/S.

Lee Soo-Mi

Female

Korean

02/18/2008

 

 

Financials

 

The financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

 

 

Financial Description

 

Authorized Capital(KRW)

200,000,000

Paid-Up Capital(KRW)

50,000,000

Total Issues Shares

10,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Chemicals, Food Additives and Toxic Chemicals

Polyurethane Hardner

 

Trade Partners & Competitors

 

Customers

PENINSULA POLYMERS LLC.

920 EAST 14TH AVE SUITE 201 NORTH KANSAS CI, USA

Competitors

YEEYOUNG CERACHEM CO., LTD.

RM. 722, SUSEO HYUNDAI VENTURE VILLE, 713, SUSEO-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-420-0331  FAX:+82-2-424-1877

 

HAXION SPECIALTY CHEMICALS KOREA CO., LTD.

580-3, HWASAN-RI, ONSAN-EUP, ULJU-GUN, ULSAN, KOREA

TEL:+82-52-231-5174  FAX:+82-52-231-5028

 

YOUNG-HI CHEMICALS LTD.

RM. 401, JUNGANG BLDG., 411-18, DOGOK 2-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-572-8516  FAX:+82-2-572-8516

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Overseas Office

SH POLYCHEM CORP.(CANADA OFFICE)

NO.902, 28, WILLIAM CARSON CRES. TORONTO, ON, CANAADA, M2P 2HI

TEL:+1-647-350-7334

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in Singapore and USA.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.42

UK Pound

1

Rs.76.72

Euro

1

Rs.65.85

 

 

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%)

 

 

 

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