|
Report Date : |
18.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
UNID CO., LTD. |
|
|
|
|
Formerly Known As : |
Hankuk Cari
Chemical Co., Ltd. |
|
|
|
|
Registered Office : |
17th Fl., Ferum Tower 66, Suha-dong, Jung-gu, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
10.05.1980 |
|
|
|
|
Com. Reg. No.: |
104-81-24846 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Densified and Reconstituted Wood |
|
|
|
|
No. of Employees : |
362 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name |
UNID CO., LTD. (Korean Company Name : “(주)유니드”) |
|
Registered
Address |
66, Suha-dong, Jung-gu, (New Address System : 17th Fl., Ferum
Tower., 19 Eulji-ro 5-gil, Jung-gu, |
|
Building |
17th Fl., |
|
Zip Code |
100-210 |
|
Tel |
+82-2-3709-9500 |
|
Fax |
+82-2-774-7591 |
|
E-mail |
jypark@unid.co.kr |
|
Website |
www.unid.co.kr |
|
Trading Address |
17th Fl., Ferum Tower., 66, Suha-dong,
Jung-gu, |
|
Tel |
+82-2-3709-9500 |
|
Fax |
+82-2-774-7591 |
|
Other Address-Mokpo Office |
1422, Sanjeong-dong, Mokpo-si, |
|
Tel |
+82-61-242-3416 |
|
Fax |
+82-61-245-0142 |
|
Other Address-Incheon Plant |
223-85, Seongnam 2-dong, Seo-gu, |
|
Tel |
+82-32-584-0900 |
|
Fax |
+82-32-584-0905 |
|
Other Address-Gunsan Factory |
437, Soryong-dong, Gunsan-si, |
|
Tel |
+82-63-460-5114 |
|
Fax |
+82-63-460-5150 |
|
Other Address-Incheon Factory |
587-84, Hagik 1-dong, Nam-gu, |
|
Tel |
+82-32-830-7777 |
|
Fax |
+82-32-832-4491 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Densified and Reconstituted Wood |
|
Main Business |
Medium Density Fiber Board, Sawn Wood, Material Lumber, Potassium Carbonate,
Caustic Potassium, Liquid Chlorine, Hydrochloric Acid |
|
Sub Business |
Manufacture of Other Basic Inorganic Chemicals |
|
Established
(mm/dd/yyyy) |
05/10/1980 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Inorganic hydroxides(12352305) |
|
Sell |
Structural products(30103600) |
|
Name |
Lee Wha-Young |
|
Date of Birth |
05/16/1951 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
32,925,345,000 |
||||||||||||||||||||||||||||||||||||
|
Employees |
362 |
||||||||||||||||||||||||||||||||||||
|
Formation |
Listed Company ( A company of OCI GROUP |
||||||||||||||||||||||||||||||||||||
|
Bank Details |
Shinhan Bank-Sogong Dong Branch |
||||||||||||||||||||||||||||||||||||
|
Corporate Registered No. |
110111-0275069 |
||||||||||||||||||||||||||||||||||||
|
Business Registered No. |
104-81-24846 |
||||||||||||||||||||||||||||||||||||
|
Permit & Licenses |
11/2010 ISO 9001 01/2005 KS Mark 12/2003 ISO 9001 12/2003 ISO 9002 03/1997 ISO 9002 12/08/1995 ISO 9002 Int’l Trade No.: 974538 |
||||||||||||||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||||||||||||||
|
Company History |
05/10/1980 Incorporated as Hankuk Cari
Chemical Co., Ltd. 08/1995 Changed company name to the present
name 11/2009 Awarded US$ 100 Million Export Top
Prize 07/2011 Moved to the present HQ address
from 50,
Sogong-dong, Jung-gu, |
||||||||||||||||||||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Nationality |
Date of Birt6h |
Education |
|
Chairman & CEO |
Mr. |
Lee Wha-Young |
Korean |
1951.05.16 |
University of |
|
President & CEO |
Mr. |
Jung Eui-Seung |
Korean |
1958.02.20 |
|
|
Director |
Mr. |
Choi Jin-Soo |
Korean |
1952.02.06 |
|
|
Auditor |
Mr. |
Lee Chul |
Korean |
1949.09.19 |
|
|
Auditor |
Mr. |
Lim Jong-Soo |
Korean |
1951.10.17 |
|
|
Outside Director |
Mr. |
Byun Chan-Eui |
Korean |
1945.01.07 |
|
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
477,770,140,167 |
810,996,745,108 |
37,719,718,813 |
|
|
2010 |
474,345,031,000 |
605,845,882,000 |
71,431,604,000 |
|
2009 |
444,220,070,000 |
461,455,629,000 |
35,196,733,000 |
|
2008 |
486,413,813,000 |
556,124,602,000 |
63,409,886,000 |
(*)09/2011 ‘s figures are based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
125,000,000,000 |
|
Paid-Up Capital(KRW) |
32,925,345,000 |
|
Total Issued Shares |
6,585,069 |
|
Unit :
Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total
Assets |
810,996,745,108 |
587,133,925,387 |
|
|
Current Assets |
382,054,272,973 |
247,474,210,661 |
|
|
Cash
& Cash Equivalents |
87,033,288,014 |
63,800,415,913 |
|
|
Current
Financial Instruments |
37,000,000,000 |
38,000,000,000 |
|
|
Other
Current Financial Instruments |
6,164,540,149 |
6,619,855,792 |
|
|
Trade
Receivables & Other Receivables |
168,967,860,998 |
80,613,882,094 |
|
|
Marketable
Financial Instruments |
733,043,782 |
876,330,252 |
|
|
Held-to-Maturity
Financial Assets |
116,845,000 |
122,470,000 |
|
|
Inventories |
77,647,805,632 |
46,608,981,553 |
|
|
Other
Finance Assets |
780,496,392 |
205,539,436 |
|
|
Other
Current Assets |
3,610,393,006 |
10,626,735,621 |
|
|
Non-Current Assets |
428,942,472,135 |
339,659,714,726 |
|
|
Long-Term
Financial Instruments |
5,500,000 |
5,500,000 |
|
|
Long-Term
Trade Receivables & Other Receivables |
0 |
46,039,668 |
|
|
Marketable
Financial Instruments |
82,461,807,270 |
93,732,111,022 |
|
|
Held-to-Maturity
Financial Assets |
714,360,000 |
553,475,000 |
|
|
Investment_Related
Companies |
110,319,074,480 |
102,819,074,480 |
|
|
Tangibles |
222,122,219,114 |
130,897,000,403 |
|
|
Investment_Real
Estates |
5,627,219,492 |
5,660,514,818 |
|
|
Intangibles |
5,962,887,780 |
5,523,529,130 |
|
|
Other
Non-Current Financial Instruments |
1,170,387,999 |
422,470,205 |
|
|
Other
Non-Current Assets |
559,016,000 |
|
|
|
Total Liabilities |
399,305,621,427 |
195,812,083,494 |
|
|
Current Liabilities |
304,275,421,617 |
154,512,086,423 |
|
|
Other
Current Financial Debts |
929,703,559 |
|
|
|
Trade
Payables & Other Payables |
83,001,227,844 |
42,810,441,208 |
|
|
Short-Term
Borrowings |
213,706,065,261 |
97,860,245,991 |
|
|
Accrued
Income Tax |
5,387,510,097 |
12,548,118,653 |
|
|
Other
Current Liabilities |
1,250,914,856 |
1,293,280,571 |
|
|
Non-Current Liabilities |
95,030,199,810 |
41,299,997,071 |
|
|
Long-Term
Borrowings |
67,103,429,810 |
10,664,149,460 |
|
|
Provision
for Severance & Retirement |
3,866,052,919 |
2,693,904,237 |
|
|
Deferred
Income Tax Credit |
22,261,071,081 |
26,056,713,335 |
|
|
Other
Financial Debts |
428,900,000 |
429,400,000 |
|
|
Other
Non-Current Liabilities |
1,370,746,000 |
1,455,830,039 |
|
|
Capital Stock |
32,925,345,000 |
32,925,345,000 |
|
|
Installments |
12,069,925,933 |
12,069,925,933 |
|
|
Profit
Surplus |
342,782,386,437 |
312,342,221,184 |
|
|
Others |
23,913,466,311 |
33,984,349,776 |
|
|
Total
Equity |
411,691,123,681 |
391,321,841,893 |
|
|
Liab.
& Shareholder’s Equity |
810,996,745,108 |
587,133,925,387 |
|
|
Unit : Thousand Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
605,845,882 |
461,455,629 |
556,124,602 |
|
Current
Assets |
247,105,909 |
190,403,374 |
279,821,033 |
|
-Quick Assets |
200,496,928 |
139,186,590 |
190,516,792 |
|
-Inventories |
46,608,981 |
51,216,784 |
89,304,241 |
|
Fixed Assets |
358,739,973 |
271,052,255 |
276,303,569 |
|
-Investment |
224,420,613 |
145,870,682 |
139,879,794 |
|
-Tangibles |
127,956,547 |
119,169,528 |
131,597,299 |
|
-Intangibles |
68,177 |
88,482 |
108,953 |
|
Total
Liabilities |
6,294,636 |
5,923,563 |
4,717,523 |
|
Current
Liabilities |
198,999,290 |
169,112,438 |
293,581,298 |
|
Fixed
Liabilities |
154,740,557 |
123,809,570 |
245,768,240 |
|
Capital
Stock |
44,258,733 |
45,302,868 |
47,813,058 |
|
Capital
Surplus |
32,925,345 |
32,925,345 |
32,925,345 |
|
Profit
Surplus |
30,327,817 |
30,327,817 |
30,327,817 |
|
Capital
Adjustment |
287,482,446 |
222,635,911 |
194,024,247 |
|
Total Equity |
56,110,984 |
6,454,118 |
5,265,895 |
|
Liab. &
Shareholder’s Equity |
406,846,592 |
292,343,191 |
262,543,304 |
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
477,770,140,167 |
|
|
|
Cost of Sold Goods |
387,823,192,000 |
|
|
|
Gross Profit |
89,946,948,167 |
|
|
|
Selling Expenses |
26,625,835,659 |
|
|
|
Admin. Expenses |
13,318,786,717 |
|
|
|
R&D |
2,369,156,238 |
|
|
|
Other Income |
199,966,239 |
|
|
|
Other Operating Income |
1,238,076,722 |
|
|
|
Operating Income |
49,071,212,514 |
|
|
|
Finance Income |
24,900,633,013 |
|
|
|
Finance Expenses |
24,911,389,984 |
|
|
|
Non-Operating Income |
851,285,203 |
|
|
|
Income Before Taxes |
49,911,740,746 |
|
|
|
Income Taxes Expenses |
12,192,021,933 |
|
|
|
Net Income |
37,719,718,813 |
|
|
|
Unit : Thousand Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
474,345,031 |
444,220,070 |
486,413,813 |
|
Cost of Sold
Goods |
354,886,075 |
359,933,584 |
385,279,045 |
|
Gross Profit |
119,458,956 |
84,286,486 |
101,134,768 |
|
Selling
& Admin. Expenses |
52,686,850 |
39,205,718 |
40,261,462 |
|
Operating
Income |
66,772,106 |
45,080,768 |
60,873,306 |
|
Non-Operating
Income |
36,519,755 |
43,369,713 |
78,028,973 |
|
Non-Operating
Expenses |
12,635,436 |
41,444,693 |
59,328,794 |
|
Income
Before Taxes |
90,656,425 |
47,005,788 |
79,573,485 |
|
Income Taxes
Expenses |
19,224,821 |
11,809,055 |
16,163,599 |
|
Net Income |
71,431,604 |
35,196,733 |
63,409,886 |
|
Unit :
Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating Activities Cash Flows |
-25,203,732,476 |
|
|
|
Cash
Flows from Operating |
-6,612,435,343 |
|
|
|
Dividends
Received |
964,951,151 |
|
|
|
Interests
Received |
2,714,525,968 |
|
|
|
Interests
Paid |
-1,977,196,059 |
|
|
|
Income
Taxes |
-20,293,578,193 |
|
|
|
Cash
Flows from Investing |
-102,143,637,605 |
|
|
|
Cash
Flows from Financing |
150,528,403,612 |
|
|
|
Increase/Decrease
in Cash |
23,232,872,101 |
|
|
|
Cash
at the Beginning of Year |
63,800,415,913 |
|
|
|
Cash
at the End of Year |
87,033,288,014 |
|
|
|
Unit : Thousand Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows
from Operating |
57,818,387 |
102,049,965 |
-27,200,972 |
|
-Net Income |
71,431,604 |
35,196,733 |
63,409,886 |
|
-Exp.
without Cash Outflow |
14,532,212 |
15,815,811 |
40,342,255 |
|
-Revenue
without Cash Inflows |
-18,822,433 |
-12,256,360 |
-48,206,493 |
|
-Changes in
Asset/ & Liability |
-9,322,996 |
63,293,781 |
-82,746,620 |
|
Cash Flows
from Investing |
-49,614,408 |
-11,078,561 |
-65,224,221 |
|
-Cash Inflow
from Investing |
98,348,135 |
9,051,846 |
17,948,006 |
|
-Cash
Outflows for Investing |
-147,962,543 |
-20,130,407 |
-83,172,227 |
|
Cash Flows
from Financing |
-4,893,799 |
-80,497,116 |
122,855,299 |
|
-Cash
Inflows from Financing |
185,721,192 |
235,746,396 |
282,223,537 |
|
-Cash
Outflows from Financing |
-190,614,991 |
-316,243,512 |
-159,368,238 |
|
Increase/Decrease
in Cash |
3,310,180 |
10,474,288 |
30,430,106 |
|
Cash at the
Beginning of Year |
60,490,236 |
50,015,948 |
19,585,842 |
|
Cash at the
End of Year |
63,800,416 |
60,490,236 |
50,015,948 |
|
Main Products & Services |
Medium Density Fiber Board, Sawn Wood, Material Lumber, Potassium
Carbonate, Caustic Potassium, Liquid Chlorine, Hydrochloric Acid Brand Name : UNIDBOARD |
|
Suppliers |
CANPOTEX RAYONIER SAMCHULLY CO., LTD.(110111-0005929) OCI CORPORATION(110111-1072159) DAESUNG WOOD IND.CO., LTD.(120111-0018524) |
|
Competitors |
DONGWHA ENTERPRISE CO.,
LTD.(120111-0327933) 150-14, GAJWA 1-DONG, SEO-GU, TEL:+82-32-580-5161~4 TEL:+82-32-577-0056 HANSOL HOMEDECO CO., LTD.(110111-0825624) 27TH FL., TEL:+82-2-3284-3812~4 TEL:+82-2-3284-3838~9 UNID CO.,LTD.(110111-0275069) 17TH FL., ORIENTAL CHEMICAL INDUSTRIES
BLDG., 50, SOGONG-DONG, JUNG-GU, TEL:+82-2-3709-9500 FAX:+82-2-774-7591 SUNCHANG CORPORATION(110111-0027593) 6-32, BUKSEONG-DONG 1-GA, JUNG-GU, TEL:+82-32-770-3000 FAX:+82-32-763-3171 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
OCI CORPORATION(110111-1072159) OCI COMPANY LTD.(174611-0000981) DC CHEMICAL CO.,LTD (174611-0000981) SAMKWANG GLASS IND CO.,LTD (110111-0079817) UNION CORPORATION(110111-0200579) ETEC E&C LIMITED(110111-0327555) DONG YANG SILICONE COMPANY
LIMITED(110111-0586375) DC-FERRO CO LTD(110111-2410233) BULLSONE(110111-2187676) ORDEG CO. ,LTD.(110111-0407357) OCI INFORMATION &
COMMUNICATION(110111-1443780) EYANG CHEMICAL CO., LTD.(110111-0506216) SHIN YOUNG WOOD CO., LTD(110111-1083643) ITVMEDIA(110111-1691446) GUNJANG ENERGY CO., LTD.(211111-0014332) REGENDARY SOFT CO., LTD. |
|
Subsidiary |
UNID( #88 YINSHAN-ROAD, NEW ZONE, OCI( DATIAN INDUSTRY AREA, UNID LED CO., LTD.(110111-4593623) |
|
Cooperative |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078) |
(Activity &
Markets)
|
Sales/ Unit :Thousand KRW |
09/2011 |
2010 |
2009 |
|
Export |
286,573,986 |
222,389,257 |
226,392,245 |
|
Domestic |
191,196,155 |
251,955,774 |
217,827,825 |
|
Total |
477,770,141 |
474,345,031 |
444,220,070 |
The Subject deals
with the companies in
No.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.62 |
|
|
1 |
Rs.81.94 |
|
Euro |
1 |
Rs.67.65 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.