MIRA
INFORM REPORT
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Report Date : |
27.09.2011 |
IDENTIFICATION DETAILS
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Name : |
OCEANCHEM CORPORATION |
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Registered Office : |
Rm. 611, Seorin Bldg. 45-15, Yeouido-dong, Yeongdeungpo-gu, Seoul,
Korea 150-891 |
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Country : |
South Korea |
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Date of Incorporation : |
14.01.2010 |
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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 : |
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) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Basic Information
|
Company
Name |
OCEANCHEM CORPORATION (Korean Company Name : “(주)오션켐코퍼레이션”) |
|
Registered Address |
45-15, Yeouido-dong, Yeongdeungpo-gu,
Seoul, Korea |
|
Building |
Rm. 611, Seorin Bldg. |
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Zip Code |
150-891 |
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Tel |
+82-2-785-7288 |
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Fax |
+82-2-785-7388 |
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E-mail |
esjaykim@naver.com |
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Trading Address |
Rm. 611, Seorin Bldg., 45-15,
Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea |
|
Tel |
+82-2-785-7288 |
|
Fax |
+82-2-785-7388 |
|
Type |
Export |
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Industry |
Wholesale of Synthetic Rubber and Plastics Materials |
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Main
Business |
Polyvinyl Chloride, Polypropylene, Acrylonitrile Butadiene Styrene
Resin |
|
Established (mm/dd/yyyy) |
01/14/2010 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Polyvinyl Chloride PVC(13102030) |
CEO’s
|
Name |
Kim Sung-Joo |
|
Address |
Suite 2-202, 1771, Gaepo-dong,
Gangnam-gu, Seoul, Korea |
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Date of Birth |
10/07/1955 |
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Title |
Representative Director |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital (KRW) |
50,000,000 |
|
Employees |
1 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
N/A |
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Corporate Registered No. |
110111-4262111 |
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Business Registered No. |
107-87-***** ((The 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.) |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
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Company History |
09/2005
Established as OCEANCHEM CORPORATION(Sole Proprietorship) 01/14/2010 Incorporated as the present name |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Kim Sung-Joo |
Male |
Korean |
01/14/2010 |
|
Auditor |
M/S. |
Kim Young-Joo |
Female |
Korean |
01/14/2010 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
11,700,000,000 |
|
|
The 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 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issues Shares |
10,000 |
Products, Technologies, Services Description
|
Main Products & Services |
PVC Resin, ABS Resin, PE PP, Synthetic
Rubber, Plasticizer |
Trade Partners & Competitors
|
Suppliers |
LG CHEM LTD.(110111-2207995) |
|
Competitors |
HANWOOL CORPORATION RM. 907, VISION TOWER 21, 968, HWAJEONG
2-DONG, DEOKYANG-GU, GOYANG-SI, GYEONGGI-DO, KOREA TEL:+82-31-904-6492 FAX:+82-31-969-6492 JEONSAN TEXTILE CO., LTD. 507-1, MOK 2-DONG, YANGCHEON-GU, SEOUL,
KOREA TEL:+82-2-3664-3423 FAX:+82-2-3664-3428 YUNSUNG INDUSTRIAL CO., LTD. 1142, NAEGOK-RI, GORYEONG-EUP,
GORYEONG-GUN, GYEONGSANGBUK-DO, KOREA TEL:+82-54-956-3306~8 FAX:+82-54-956-3309 |
Sales by Region
(Activity &
Markets)
The Subject deals with
the companies in China, Middle East and South Asian Countries..
Court Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.62 |
|
|
1 |
Rs.76.68 |
|
Euro |
1 |
Rs.66.47 |
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 |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.