|
Report Date : |
24.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
MIWON COMMERCIAL CO., LTD. |
|
|
|
|
Registered Office : |
Miwon Bldg., 405-3, Mongnae-dong,
Danwon-gu, Ansan-si, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
21.12.2011 |
|
|
|
|
Date of Incorporation : |
03.11.1959 |
|
|
|
|
Com. Reg. No.: |
134-81-02843 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Surface-Active Agents |
|
|
|
|
No. of Employees : |
301 |
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 : |
Satisfactory |
|
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 – September 30, 2011
|
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 |
MIWON COMMERCIAL CO., LTD. (Korean Company Name : “미원상사(주)”) |
|
Registered Address |
405-3, Mongnae-dong,
Danwon-gu, Ansan-si, |
|
Building |
Miwon Bldg. |
|
Zip Code |
425-100 |
|
Tel |
+82-31-491-6249 |
|
Fax |
+82-31-491-7228 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
Miwon Bldg., 405-3, Mongnae-dong, Danwon-gu, Ansan-si, |
|
Tel |
+82-31-491-6249 |
|
Fax |
+82-31-491-7228 |
|
Other Address-Jeonju Factory |
13B, Jeonju
Industrial Complex, 834, Yongam-ri, Bongdong-eup, Wanju-gun, |
|
Tel |
+82-63-261-6730 |
|
Fax |
+82-63-261-6734 |
|
Other Address-Ulsan Factory |
410-1, |
|
Tel |
+82-52-261-7988 |
|
Fax |
+82-52-269-8413 |
|
Other Address-Banwol Factory |
7-Block-12, Banwol Industrial Zone, 405-3, Moknae-dong, Danwon-gu, Ansan-si, |
|
Tel |
+82-31-491-6249 |
|
Fax |
+82-31-491-7228 |
|
Other Address-Jochiwon Factory |
656, |
|
Tel |
+82-41-865-8071 |
|
Fax |
+82-41-865-8072 |
|
Other Address-Anyang Office |
325-1, Seoksu-dong, Manan-gu,
Anyang-si, |
|
Tel |
+82-31-472-9231 |
|
Fax |
+82-31-472-9234 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Surface-Active Agents |
|
Main Business |
Surface Active Agent, Sensitizer, Sulfur, Sulfuric Acid, Coating
Material Admixture, Plastic Admixture, Rubber Admixture |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
11/03/1959 |
The subject owns
the premises of registered HQ address, Jeonju Factory, Ulsan Factory, Banwol Factory, Jochiwon
Factory and Anyang Office.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Photographic processing chemicals(45141500) |
|
Sell |
Inorganic compounds(12352300) |
|
Sell |
Cationic friction reducers(12162802) |
|
Sell |
Surfactants(12161900) |
|
Sell |
Wetting agents(12161906) |
|
Sell |
Inorganic acids(12352301) |
|
Sell |
Emulsions(12161804) |
|
Name |
Kim Jung-Don |
|
Address |
|
|
Date of Birth |
01/01/1954 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
9,871,100,000 |
|||||||||||||||||||||||||||||||||||||||
|
Employees |
301 |
|||||||||||||||||||||||||||||||||||||||
|
Formation |
Listed Company ( A Company of MIWON COMMERCIAL GROUP |
|||||||||||||||||||||||||||||||||||||||
|
Bank Details |
Hana Bank- Pyeongchon Branch Kookmin Bank Woori Bank Korea Exchange Bank |
|||||||||||||||||||||||||||||||||||||||
|
Corporate Registered No. |
130111-0007707 |
|||||||||||||||||||||||||||||||||||||||
|
Business Registered No. |
134-81-02843 |
|||||||||||||||||||||||||||||||||||||||
|
Permit & Licenses |
05/1999 ISO 9002 10/1999 ISO 9002 Int’l Trade No.: 840239 |
|||||||||||||||||||||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||||||||||||||||||||
|
Company History |
11/04/2008 Decided to spin off Specialty
Chemicals BU 11/04/2008 Decided to change the financial
closing date to December 31 from September 30. 04/2005 Executed Increase of capital stock
without consideration (Increased the capital to KRW 13,324 million) 11/2004 Awarded the " 50 Million US
dollar 10/2004 Constructed Jochiwon
factory 11/2002 Awarded the " 30 Million US
dollar 09/2002 Achieved the Annual Sales to USD
100 million 05/2000 Completed Photo Sensitizer
Production Line in Jeonju factory 10/1999 Acquired ISO 9002 certification in
05/1999 Acquired ISO 9002 certification in
Jeonju factory 11/1998 Trasferred
Paint Additive Producton Line in Banwol factory to Jeonju
factory 06/1998 Established QIDONG QINGYUN FINE
Chemical Co., Ltd in 04/1997 Constructed Monomer Production
Line in Jeonju factory 04/1996 Established Joint Venture Co.
(Asia Stabilizers Co., Ltd) with CHEMTURA 03/1995 Constructed Jeonju
factory and started PP foam production for stationery 09/1994 Awarded "Jang Young Shil Award" 09/1994 Started Photo Sensitizer
Production in Banwol factory 04/1994 Completed FRU in 05/1993 Constructed Pyongtaek
factory 11/1992 Awarded "10 Million US dollar
03/1992 Completed MINOL production in Banwol factory 07/1990 Completed MIANTO production In Banwol factory 09/1989 Listed the stocks in Korea Stock
Exchange 09/1989 Increased the capital to KRW 8,000
million 02/1989 Started SLS Powder production in Banwol factory 12/1987 Acquired Permission of
manufacturing Pharmaceutical Ingredients 12/1987 Constructed Anyang
Head Office building 11/1986 Established R & D Institute in
Banwol factory 12/1985 Started Paint Additive Production
in Banwol factory 12/1982 Completed Banwol
factory (Transferred from Incheon factory) 12/1980 Increased the capital to KRW 1,000
million 11/1977 Formed the Employee's Stock
Ownership Association (ESOA) 07/1976 Completed Surfactant Plant in 10/1975 Completed Ulsan
factory (manufacturing sulfuric acid and other chemical products) 11/1971 Completed Alkyl Benzene Sulfonic Acids Plant in 04/1967 Started Sulfur Power Production 05/1963 Constructed Inchon
factory (manufacturing sulfuric acid and other chemical products) 11/1959 Established Miwon
Commercial Co., Ltd. With a capital of 20 million Hwan |
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
President & CEO |
Mr. |
Kim Jung-Don |
Korean |
1954.01.01 |
|
|
Sr. Executive Director & CEO |
Mr. |
Hong Chang-Sik |
Korean |
1959.10.10 |
|
|
Director |
Mr. |
Kim Hyung-Woong |
Korean |
1956.01.20 |
|
|
Sr. Executive Director |
Mr. |
Yang Jong-Sang |
Korean |
1955.10.26 |
|
|
Outside Director/Auditor |
Mr. |
Lee Sang-Hoon |
Korean |
1969.03.15 |
|
|
Outside Director/Auditor |
Mr. |
Sul Yong-Keon |
Korean |
1954.05.03 |
|
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
132,396,136,000 |
124,382,606,000 |
13,015,171,000 |
|
|
(*)2010 |
108,401,241,000 |
156,030,097,000 |
19,157,407,000 |
|
12/2009 |
91,151,024,829 |
123,674,409,987 |
17,563,986,646 |
|
12/2008 |
38,071,004,864 |
161,981,960,246 |
6,405,972,485 |
(*)2010 and 2011’s figures are
based on the K-IFRS Accounting System.
Financial
Description
|
Authorized Capital(KRW) |
20,000,000,000 |
|
Paid-Up Capital(KRW) |
9,871,100,000 |
|
Total Issues Shares |
1,309,420 |
|
Unit : Thousand Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
124,382,606 |
156,030,097 |
|
|
Current
Assets |
56,569,565 |
49,494,282 |
|
|
Inventories |
29,493,335 |
24,458,165 |
|
|
Trade Receivables & Other
Receivables |
25,503,805 |
21,651,498 |
|
|
Marketable Financial Instruments |
36,698 |
0 |
|
|
Current Financial Instruments |
0 |
2,232,385 |
|
|
Other Current Assets |
638,208 |
403,943 |
|
|
Cash & Cash Equivalents |
897,519 |
748,291 |
|
|
Others |
0 |
50,180,265 |
|
|
Non-Current
Assets |
67,813,041 |
56,355,550 |
|
|
Tangibles |
41,660,012 |
37,720,165 |
|
|
Intangibles |
1,789,215 |
1,891,405 |
|
|
Investment_Real Estates |
0 |
0 |
|
|
Investment_Related Companies |
9,291,083 |
9,291,083 |
|
|
Investment_Subsidiaries |
2,500,001 |
2,500,001 |
|
|
Marketable Financial Instruments |
10,347,136 |
3,652,594 |
|
|
Long-Term Trade Receivables &
Other Receivables |
2,220,594 |
1,295,302 |
|
|
Non-Current Financial Instruments |
5,000 |
5,000 |
|
|
Total
Liabilities |
44,121,509 |
87,292,983 |
|
|
Current
Liabilities |
33,055,575 |
64,029,645 |
|
|
Trade Payables & Other
Payables |
13,769,559 |
47,275,611 |
|
|
Short-Term Borrowings |
16,150,000 |
1,800,000 |
|
|
Current Portion of Long-Term
Debts |
2,502,653 |
12,161,563 |
|
|
Accrued Income Tax |
0 |
1,383,672 |
|
|
Bonus Salaries |
221,914 |
186,925 |
|
|
Other Current Financial Debts |
0 |
107,905 |
|
|
Other Current Liabilities |
411,449 |
1,113,969 |
|
|
Others |
0 |
16,203,985 |
|
|
Non-Current
Liabilities |
11,065,934 |
7,059,353 |
|
|
Long-Term Borrowings |
2,516,985 |
43,806 |
|
|
Confirmed Salaries |
1,380,960 |
941,175 |
|
|
Deferred Income Tax Credit |
6,151,989 |
5,050,372 |
|
|
Other Non-Current Liabilities |
1,016,000 |
1,024,000 |
|
|
Capital
Stock |
7,616,365 |
9,871,100 |
|
|
Capital Surplus |
23,332,271 |
22,653,924 |
|
|
Others |
-30,838,037 |
-34,235,923 |
|
|
Installments |
1,025,613 |
2,073,289 |
|
|
Profit Surplus |
79,124,885 |
68,374,724 |
|
|
Total Equity |
80,261,097 |
68,737,114 |
|
|
Liab. & Shareholder’s Equity |
124,382,606 |
156,030,097 |
|
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
10/01/2008~12/31/2008 |
|
Total Assets |
152,202,563,291 |
123,674,409,987 |
161,981,960,246 |
|
Current Assets |
79,901,960,907 |
61,392,472,294 |
90,803,970,791 |
|
-Quick Assets |
47,762,971,305 |
38,512,711,827 |
48,887,304,872 |
|
-Inventories |
32,138,989,602 |
22,879,760,467 |
41,916,665,919 |
|
Fixed Assets |
72,300,602,384 |
62,281,937,693 |
71,177,989,455 |
|
-Investment |
14,552,147,496 |
13,125,361,119 |
14,879,503,004 |
|
-Tangibles |
54,700,089,077 |
45,596,682,051 |
53,680,024,406 |
|
-Intangibles |
83,950,494 |
275,402,031 |
484,502,604 |
|
-Others |
2,964,415,317 |
3,284,492,492 |
2,133,959,441 |
|
Total Liabilities |
50,496,539,161 |
39,996,126,885 |
55,827,805,600 |
|
Current Liabilities |
43,945,942,876 |
22,570,360,227 |
36,515,068,884 |
|
Fixed Liabilities |
6,550,596,285 |
17,425,766,658 |
19,312,736,716 |
|
Capital Stock |
9,871,100,000 |
9,824,000,000 |
13,324,000,000 |
|
Capital Surplus |
22,653,923,980 |
22,061,469,060 |
21,979,380,730 |
|
Profit Surplus |
66,640,477,721 |
85,270,593,838 |
69,980,383,192 |
|
Capital Adjustment |
2,540,522,429 |
-33,477,779,796 |
-621,815,677 |
|
Total Equity |
101,706,024,130 |
83,678,283,102 |
106,154,154,646 |
|
Liab. & Shareholder’s Equity |
152,202,563,291 |
123,674,409,987 |
161,981,960,246 |
|
Current
Liabilities |
43,945,942,876 |
22,570,360,227 |
36,515,068,884 |
|
Trade
Payables |
14,553,170,936 |
9,887,183,641 |
10,292,403,204 |
|
Short-Term
Borrowings |
8,400,000,000 |
7,700,000,000 |
15,900,000,000 |
|
Current
Portion of Long-Term Debts |
12,161,562,760 |
- |
- |
|
Account
Payables |
4,790,248,570 |
3,619,685,009 |
3,875,870,068 |
|
Advance
Receipts |
106,772,080 |
273,412,305 |
49,897,204 |
|
Withholdings |
1,066,933,005 |
289,321,316 |
458,225,979 |
|
Accrued
Expenses |
646,517,421 |
580,981,396 |
648,690,465 |
|
Accrued
Income Tax |
1,383,672,151 |
- |
4,969,240,389 |
|
Current
Portion of Deferred Income Tax Credit |
476,417,059 |
- |
- |
|
Provisions
for Bonus |
252,743,925 |
219,776,560 |
320,741,575 |
|
Currency
Swap |
107,904,969 |
- |
- |
|
Fixed
Liabilities |
6,550,596,285 |
17,425,766,658 |
19,312,736,716 |
|
Long-Term Borrowings |
43,806,330 |
11,774,077,100 |
12,797,824,534 |
|
Provision for Severance & Retirement |
2,254,692,137 |
3,959,698,014 |
5,964,908,659 |
|
Long-Term Account Payables |
- |
- |
1,588,399,808 |
|
Guarantee Deposit Withhold |
1,154,000,000 |
1,046,000,000 |
610,000,000 |
|
Long-Term
Withholdings |
675,000,000 |
675,000,000 |
675,000,000 |
|
Derivatives |
- |
124,993,859 |
109,560,199 |
|
Deferred Income Tax Credit |
3,730,624,285 |
2,711,401,607 |
1,760,515,477 |
|
Unit : Thousand Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
132,396,136 |
108,401,241 |
|
|
Cost of Sold Goods |
106,861,118 |
85,946,811 |
|
|
Gross Profit |
25,535,018 |
22,454,430 |
|
|
Selling & Admin. Expenses |
11,094,075 |
10,876,861 |
|
|
Other Operating Income |
1,478,379 |
1,013,459 |
|
|
Other Operating Expenses |
1,193,101 |
768,248 |
|
|
Operating Income |
14,726,221 |
11,822,780 |
|
|
Finance Income |
2,355,962 |
3,401,357 |
|
|
Finance Expenses |
1,918,203 |
2,790,851 |
|
|
Net Finance Income |
437,759 |
610,506 |
|
|
Income Before Taxes |
15,163,980 |
12,433,286 |
|
|
Income Taxes Expenses |
2,148,809 |
2,612,934 |
|
|
Income from Continuous Business |
13,015,171 |
9,820,352 |
|
|
Income from Stopped Business |
0 |
9,337,055 |
|
|
Net Income |
13,015,171 |
19,157,407 |
|
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
10/01/2008~12/31/2008 |
|
Sales |
108,401,240,781 |
91,151,024,829 |
38,071,004,864 |
|
Cost of Sold Goods |
87,496,057,715 |
75,572,452,907 |
30,058,137,586 |
|
Gross Profit |
20,905,183,066 |
15,578,571,922 |
8,012,867,278 |
|
Selling & Admin. Expenses |
11,199,032,894 |
9,866,967,662 |
4,212,038,428 |
|
Operating Income |
9,706,150,172 |
5,711,604,260 |
3,800,828,850 |
|
Non-Operating Income |
5,497,520,845 |
5,180,209,415 |
4,913,153,018 |
|
Non-Operating Expenses |
3,541,491,571 |
5,136,627,298 |
5,147,678,737 |
|
Ordinary Income |
11,662,179,446 |
5,755,186,377 |
3,566,303,131 |
|
Special Income |
2,282,337,399 |
849,434,971 |
374,804,946 |
|
Income Before Taxes |
9,379,842,047 |
4,905,751,406 |
3,191,498,185 |
|
Income Taxes Expenses |
9,337,055,046 |
12,658,235,240 |
3,214,474,300 |
|
Net Income |
18,716,897,093 |
17,563,986,646 |
6,405,972,485 |
|
Unit : Thousand Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating
Activities Cash Flows |
10,122,976 |
23,450,864 |
|
|
Cash Flows from Operating |
12,287,317 |
23,773,075 |
|
|
Income Taxes |
-2,440,082 |
-834,054 |
|
|
Interests Received |
85,554 |
102,261 |
|
|
Interests Paid |
-1,017,841 |
-790,945 |
|
|
Dividends Received |
1,208,028 |
1,200,527 |
|
|
Cash Flows from
Investing |
-17,939,189 |
-21,801,158 |
|
|
Cash Flows from
Financing |
7,964,256 |
-1,246,337 |
|
|
Increase/Decrease in
Cash |
148,043 |
403,369 |
|
|
Cash at the Beginning
of Year |
748,291 |
389,740 |
|
|
Cash at the End of
Year |
897,518 |
748,291 |
|
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
10/01/2008~12/31/2008 |
|
Cash Flows from Operating |
22,383,230,481 |
21,717,776,994 |
9,629,738,421 |
|
-Net Income |
18,716,897,093 |
17,563,986,646 |
6,405,972,485 |
|
-Exp. without Cash Outflow |
11,189,373,252 |
10,538,500,658 |
5,470,022,007 |
|
-Revenue without Cash Inflows |
-2,979,406,216 |
-3,071,653,124 |
-2,882,154,473 |
|
-Changes in Asset/ & Liability |
-4,543,633,648 |
-3,313,057,186 |
635,898,402 |
|
Cash Flows from Investing |
-20,737,745,757 |
-14,930,910,653 |
-4,150,992,374) |
|
-Cash Inflow from Investing |
3,341,855,988 |
6,684,430,038 |
2,761,937,298 |
|
-Cash Outflows for Investing |
-24,079,601,745 |
-21,615,340,691 |
-6,912,929,672 |
|
Cash Flows from Financing |
-1,246,337,700 |
-6,049,325,152 |
-5,778,056,751) |
|
-Cash Inflows from Financing |
93,769,554,920 |
26,229,907,956 |
55,860,000,000 |
|
-Cash Outflows from Financing |
-95,015,892,620 |
-32,279,233,108 |
-61,638,056,751) |
|
Increase/Decrease in Cash |
399,147,024 |
-1,623,156,811 |
299,310,704 |
|
Cash at the Beginning of Year |
389,740,347 |
2,012,897,158 |
2,312,207,862 |
|
Cash at the End of Year |
788,887,371 |
389,740,347 |
2,012,897,158 |
Products,
Technologies, Services Description
|
Main Products & Services |
Surface Active Agent, Sensitizer, Sulfur, Sulfuric
Acid, Coating Material Admixture, Plastic Admixture, Rubber Admixture Performance Chemical Business Unit (PCBU) - Sulfurs (Sulfur Flake / Granule / Powder - Sulfuric Acids (Fuming Sulfur Acid,
Refined Sulfuric Acid) - Sulphonic Acids
- Rubber Additives (Vulcanizing agent, Retarder, Accelerators, Antioxidants etc) Personal Care Ingredients Business Unit
(PCIBU) -Hair Care -Skin Care -Oral Care -Home Care -Peptide & Protein Cosmeceuticals -Natural Cosmeceuticals Special Chemical Business Unit (SCBU) -Photo Initiators -Functional Monomer -Oligomer -Epoxy Diluents Electronic Chemical Business Unit(ECBU) -Photo Active Components -Raw Materials for Photo Active Components -Photo Sensitizer for Negative PR -Raw Materials for Negative PR Polymer Additives Business Unit(PABU) Brand Name: LAS,DBA, MIDAS, TEA, MICOLIN,
MIPHOTO, MIRAMER, MIPHOTO, MICURE, MITAINE, LOWILITE |
|
Suppliers |
ASIA STABILIZERS CO., LTD.(134711-0016596) TAEKWANG FINE CHEMICAL CO., LTD.(120111-0052142) SK ENERGY CO., LTD.( 110111-3710385) NAMHAE CHEMICAL CORPORATION(110111-0164717) ISU CHEMICAL CO., LTD.(110111-0008600) HANNONG CHEMICALS INC(211111-0001090) LG CHEM LTD.(110111-2207995) DONG NAM OIL & FATS CO., LTD.(180111-0114544) MITSUI & CO LTD INTER-CONTINENTAL OI QINGYUN BASF API CORPORATION |
|
Customers |
ASIA STABILIZERS CO., LTD.(134711-0016596) TAEKWANG FINE CHEMICAL CO., LTD.(120111-0052142) |
|
Competitors |
HUCHEMS FINE CHEMICAL CORPORATION 5TH FL., KUKDONG BLDG., 60-1, CHUNGMURO
3-GA, JUNG-GU, SEOUL, KOREA TEL:+82-2-2262-0600 FAX:+82-2-2265-9381 COSMO CHEMICAL CO., LTD. 1534-5, SEOCHO 3-DONG, SEOCHO-GU, SEOUL,
KOREA TEL:+82-32-451-6100 FAX:+82-32-451-6119 FOOSUNG CO., LTD. 427-9, NOHA-RI, PALTAN-MYEON, HWASEONG-SI,
GYEONGGI-DO, KOREA TEL:+82-31-495-7243 FAX:+82-31-491-1649 |
|
Affiliates |
TAETWANG FINE CHEMICAL CO.,
LTD.(120111-0052142) (41.94% held by the subject company) ASIA STABILIZERS CO., LTD.(ASCL: 134711-0016596) (35.00% held by the subject company) MIWON SPECIALTY
CHEMICAL CO., LTD.(210111-0063190) MIWON COMMERCIAL CO., LTD.(130111-0007707) MISUNG TRADING CO., LTD.(134111-0025929) MISUNG TOTAL CORPORATION(180111-0167832) MIWHA LOGISTICS CO., LTD.(230111-0072014) MIWOO SILUP CO., LTD.(KOREA) MIWON EOD CO., LTD.(161411-0023544) QIDONG QINGYUN FINE CHEMICAL CO.,
LTD.(CHINA) MIWON NORTH AMERICA. INC.(USA) |
|
Joint Venture |
ASIA STABILIZERS CO., LTD.(ASCL: 134711-0016596) |
|
Subsidiary |
QIDONG QINGYUN FINE CHEMICAL CO.,
LTD.-CHINA (100.00% held by the subject company) HUIFENG TOWN, QIDONG CITY, JIANSU 226246,
CHINA TEL:+86-513-8369-1040 FAX:+86-513-8369-2388 MIWON NORTH AMERICA INC. (100.00% held by the subject company) |
|
Cooperative Enterprise |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO.,
LTD.(110111-0005078) HANWHA NON-LIFE INSURANCE CO.,
LTD.(110111-0006456) HYUNDAIMARINE&FIREINSURANCECO.,
LTD.(110111-0035893) -Technical Support CHEMTURA (EX. GREAT LAKES CHEMICAL(EUROPE)
GMBH) |
|
Sales/ Unit :Mil KRW |
2011 |
2010 |
2009 |
|
Export |
55,509 |
89,151 |
104,167 |
|
Domestic |
84,171 |
121,325 |
72,048 |
|
Total |
139,680 |
210,476 |
176,215 |
The Subject deals with the companies in China, Japan, Europe and South
East Asia.
No.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.23 |
|
|
1 |
Rs.84.16 |
|
Euro |
1 |
Rs.68.84 |
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.