MIRA INFORM REPORT

 

 

Report Date :           

16.04.2012

 

IDENTIFICATION DETAILS

 

Name :

CHEMFIELD INTERNATONAL CO., LTD.

 

 

Registered Office :

Yangpyeongdong 13, Yangpyeongdong 3-ga, Yeongdeungpo-gu, Seoul, Korea

13th Fl., Inno Flex, Zip Code 150-103

 

 

Country :

South korea

 

 

Date of Incorporation :

22.02.2007

 

 

Com. Reg. No.:

107-12-26551

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Wholesale of Other Chemical Materials and Chemical Products

 

 

No. of Employees :

04

 

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 :

No Complaints

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, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

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

CHEMFIELD INTERNATONAL CO., LTD.

(Korean Company Name : ‘()켐필드인터내셔널”)

Registered Address

Yangpyeongdong 13, Yangpyeongdong 3-ga, Yeongdeungpo-gu, Seoul, Korea

Building

13th Fl., Inno Flex,

Zip Code

150-103

Tel

+82-2-6675-0775~80

Fax

+82-2-2638-0433

E-mail

sales@chemfield.co.kr;chlee@chemfield.co.kr;info@chemfield.co.kr

Website

www.chemfield.co.kr

Trading Address

13th Fl., Inno Flex, Yangpyeongdong 13, Yangpyeongdong 3-ga, Yeongdeungpo-gu, Seoul, Korea

Tel

+82-2-6675-0775~80

Fax

+82-2-2638-0433

Type

Export/Import

Industry

Wholesale of Other Chemical Materials and Chemical Products

  Main Business

Surfactant, Water Treatment Chemicals, Sodium Cyanide, Plasticizers, Food Additives, Raw Materials For Paint

Established (mm/dd/yyyy)

02/22/2007

The Subject Company occupies the premises of registered HQ address by leasing base.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Cyanides or isocyanides(12352117)

Sell

Surfactants(12161900)

 

 

CEO’s

 

Name

Lee Chang-Ho

Address

Suite102-201, 55-4, Mullae-dong 3-ga, Yeongdeungpo-gu, Seoul, Korea

Date of Birth

04/11/1970

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

4

Formation

Co., Ltd by shares

Bank Details

Korea Exchange Bank-Youngdeungpo Branch

Corporate Registered No.

110111-3625188

Business Registered No.

107-12-26551

Permit & Licenses

Int’l Trade No.: 45325951

Shareholder Position

N/A

Company History

02/22/2007 Incorporated as the present name

11/30/2008 Awarded US$ 10 Million Export Top Prize

03/24/2010 Moved to the present HQ address from Rm. 202, Usin Bldg., 21, Yangpyeongdong 2-ga, Yeongdeungpo-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Lee Chang-Ho

Male

Korean

02/22/2007

Director

Mr.

Kim Sung-Hae

Male

Korean

02/22/2007

Auditor

M/S.

Lee Mi-Kyung

Female

Korean

02/22/2007

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2011

 

 

 

2010

23,000,000,000

 

 

2009

 

 

 

2008

 

 

 

2007

 

 

 

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

Surfactant

Water Treatment Chemicals

Sodium Cyanide

Plasticizers

Food Additives

Raw Materials for Paint

 

 

Trade Partners & Competitors

 

Competitors

YOUNGCHANG CHEMICAL CO., LTD.

365-11, YUSEO-RI, SEONNAM-MYEON, SEONGJU-GUN, GYEONGSANGBUK-DO, KOREA

TEL:+82-54-930-2500  FAX:+82-54-931-8521

 

NICCA KOREA CO., LTD.

RM. 612, HAENAM BLDG., 70-5, TAEPYEONGNO 2-GA, JUNG-GU, SEOUL, KOREA

TEL:+82-2-779-7727  FAX:+82-2-757-7437

 

SAMBONG CHEMICAL CO., LTD.

608B-23, BANWOL INDUSTRIAL COMPLEX, 632-2, SEONGGOK-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO, KOREA

TEL:+82-31-492-1601  FAX:+82-31-494-6391

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in Kenya, Paraguay, Peru, Philippines, Zimbabwe, and South Africa.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.51.42

UK Pound

1

Rs.81.93

Euro

1

Rs.67.67

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.