MIRA INFORM REPORT

 

 

Report Date :

24.10.2011

 

IDENTIFICATION DETAILS

 

Name :

GODO CHEMICAL CORPORATION

 

 

Registered Office :

1st Fl., Won-il Bldg. 205-22, Jamsilbon-dong, Songpa-gu, Seoul, Korea 138-862

 

 

Country :

South Korea

 

 

Date of Incorporation :

15.09.2005

 

 

Com. Reg. No.:

215-86-75859

 

 

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 :

Moderate

 

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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

GODO CHEMICAL CORPORATION

(Korean Company Name : “()고도케미칼”)

Registered Address

205-22, Jamsilbon-dong, Songpa-gu, Seoul, Korea

Building

1st Fl., Won-il Bldg.

Zip Code

138-862

Tel

+82-2-417-2555

Fax

+82-2-417-2557

E-mail

kjjmsw@gmail.com

Website

 

Trading Address

1st Fl., Won-il Bldg., 205-22, Jamsilbon-dong, Songpa-gu, Seoul, Korea

Tel

+82-2-417-2555

Fax

+82-2-417-2557

Type

Export

Industry

Wholesale of Other Chemical Materials and Chemical Products

  Main Business

Toluene, Methanol, Anysol-100, Anysol-150

  Sub Business

 

Established (mm/dd/yyyy)

09/15/2005

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Solvents(12190000)

Sell

Chemicals including Bio Chemicals and Gas Materials(12000000)

 

 

CEO’s

 

Name

Kim Kyung-Jin

Address

Suite C-1609, 255-1, Seohyeon-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Date of Birth

05/03/1969

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

7

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

110111-3307570

Business Registered No.

215-86-75859

Permit & Licenses

Int’l Trade No.: 45238253

Shareholder Position

N/A

Company History

09/15/2005 Incorporated as the present name

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Kim Kyung-Jin

Male

Korean

03/31/2010

Director

M/S.

Cho Jung-Mi

Female

Korean

09/15/2005

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

 

 

 

2008

 

 

 

2007

 

 

 

2006

 

 

 

2005

1,833,000,000

 

 

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

 

Authorized Capital(KRW)

200,000,000

Paid-Up Capital(KRW)

50,000,000

Total Issued Shares

10,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Toluene, Methanol, Anysol-100, Anysol-150

 


Trade Partners & Competitors

 

Suppliers

SAMSUNG TOTAL PETROCHEMICALS CO., LTD.(161411-001306)

411-1, DOKGOT-RI, DAESAN-EUP, SEOSAN-SI, CHUNGCHEONGNAM-DO, KOREA

TEL:+82-41-660-6114  FAX:+82-41-681-4812

Competitors

BIZ MRO CO., LTD.

4TH FL., IN-U BLDG., 109-1, SAMSEONG 1-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-3702-0900  FAX:+82-2-3702-0901

 

CYBER DISTY CO., LTD.

A-501, WOOLIM LION`S VALLEY 1-CHA, 371-28, GASAN-DONG, GEUMCHEON-GU, SEOUL, KOREA

TEL:+82-2-2026-5600  FAX:+82-2-2026-5629

 

ENTOB CORPORATION

RM. 701, ANAM TOWER, 702-10, YEOKSAM 1-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-2007-0800  FAX:+82-2-2007-0888

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in Australia, Singapore and UAE.

 

 

Court Action

 

Not Available

 

 

News Clipping

 

--


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.06

UK Pound

1

Rs.79.15

Euro

1

Rs.69.03

 

 

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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