MIRA INFORM REPORT
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Report Date : |
14.09.2011 |
IDENTIFICATION DETAILS
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Name : |
SEOUL FINE CHEMICAL IND CO LTD. |
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Registered Office : |
459-18, Majo-ri, Haseong-myeon, Gimpo-si,
Gyeonggi-do, Korea, Zip Code 415-883 |
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Country : |
South Korea |
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Date of Incorporation : |
17.09.1990 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of all other 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
|
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 |
SEOUL FINE CHEMICAL IND CO LTD. (Korean Company Name : “서울정밀화학공업(주)”) |
|
Registered Address |
459-18, Majo-ri,
Haseong-myeon, Gimpo-si, Gyeonggi-do, Korea |
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Zip Code |
415-883 |
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Tel |
+82-31-988-9111~3 |
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Fax |
+82-31-988-9114 |
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E-mail |
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Website |
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Trading Address |
1st FL., IT Tower, 691, Yeoksam-dong, Gangnam-gu, Seoul, Korea |
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Tel |
+82-2-556-8044 |
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Fax |
+82-2-556-4799 |
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Type |
Export/Import |
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Industry |
Manufacture of All Other Chemical Products n.e.c. |
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Main Business |
Zinc Stearate, Calcium Stearate, Magnesium Stearate |
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Established (mm/dd/yyyy) |
09/17/1990 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Lubricating preparations(15121500) |
CEO’s
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Name |
Kwon Young-Hak |
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Address |
691, Yeoksam-dong,
Gangnam-gu, Seoul, Korea |
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Date of Birth |
10/20/1938 |
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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) |
100,000,000 |
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Employees |
8 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Korea Exchange Bank-Jamsil Seo Branch |
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Corporate Registered No. |
124411-0010413 |
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Business Registered No. |
136-81-01*** (The full numbers
are kept by the National Tax Service confidentially.) Because the subject’s full Business Registered No., for
checking through the National Tax Service whether the subject is still existing
or not, is not available, so we cannot confirm if the subject exist or not
legally.) |
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Permit & Licenses |
11/2003 ISO 9001 Int’l Trade No.: 277280 |
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Shareholder Position |
N/A |
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Company History |
11/15/1973 Established as Seoul Chemical Co.(Sole
Proprietorship) 09/17/1990 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. |
Kwon Young-Hak |
Male |
Korean |
03/17/2002 |
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Director |
Mr. |
Ko Sang-Cheol |
Male |
Korean |
03/17/2002 |
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Director |
M/S. |
Ko Choon-Hee |
Female |
Korean |
03/05/2007 |
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Auditor |
M/S. |
You Sung-Hwa |
Female |
Korean |
03/14/2001 |
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 |
2,625,000,000 |
2,011,000,000 |
115,000,000 |
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2006 |
2,148,000,000 |
2,004,000,000 |
80,000,000 |
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2005 |
1,747,000,000 |
1,797,000,000 |
54,000,000 |
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2004 |
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2003 |
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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) |
200,000,000 |
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Paid-Up Capital(KRW) |
100,000,000 |
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Total Issues Shares |
20,000 |
Products, Technologies, Services Description
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Main Products & Services |
Zinc Stearate, Finelube, Pompla, Metalsate |
Trade Partners & Competitors
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Competitors |
DOOBON FINE
CHEMICAL CO., LTD. 220, BIRYONG-RI,
NAMI-MYEON, CHEONGWON-GUN, CHUNGCHEONGBUK-DO, KOREA TEL:+82-43-275-0227~9 FAX:+82-43-275-0230 DONG WOO
CHEMICAL CORP. 5TH FL.,
DAERYUNG BLDG. ANNEX, 67-3, BANPO 4-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-599-0844 FAX:+82-2-599-0397 SUNG-IL CO.,
LTD. 665-2,
SINHYO-RI, NOEUN-MYEON, CHUNGJU-SI, CHUNGCHEONGBUK-DO, KOREA TEL:+82-43-855-8591 FAX:+82-43-855-8590 |
Sales by Region
(Activity &
Markets)
The Subject exports
to USA, China, Canada, Brazil, Malaysia and Iran.
Court Action
Not Available.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.10 |
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UK Pound |
1 |
Rs.74.64 |
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Euro |
1 |
Rs.64.42 |
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.