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Report Date : |
13.02.2012 |
IDENTIFICATION DETAILS
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Name : |
TERACHEM KOREA INC. |
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Registered Office : |
Rm.1107, Seo-Kwan, Cylux Offficetel 716, Suseo-dong, Gangnam-gu, Seoul, Korea 135-884 |
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Country : |
South Korea |
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Date of Incorporation : |
21.10.2008 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesale of Synthetic Rubber and Plastics Materials |
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No. of Employees : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company
Name |
TERACHEM KOREA
INC. (Korean Company
Name : “(주)테라켐코리아”) |
|
Registered Address |
716, Suseo-dong,
Gangnam-gu, Seoul, Korea |
|
Building |
Rm.1107, Seo-Kwan, Cylux Offficetel |
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Zip Code |
135-884 |
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Tel |
+82-70-7624-1704 |
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Fax |
+82-2-6258-1704 |
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Trading Address |
Rm.1107, Seo-Kwan, Cylux Offficetel, 716, Suseo-dong, Gangnam-gu, Seoul, Korea |
|
Tel |
+82-70-7624-1704 |
|
Fax |
+82-2-6258-1704 |
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Type |
Export |
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Industry |
Wholesale of Synthetic Rubber and Plastics Materials |
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Main Business |
Polyethylene, Polypropylene |
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Sub
Business |
|
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Established (mm/dd/yyyy) |
10/21/2008 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Polypropylene resin(13111019) |
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Sell |
Polypropylene PP(13102022) |
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Sell |
Polyethylene Terepthalate PET(13102020) |
|
Name |
Hwang Young-Han |
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Address |
Suite 106-1502, 747,
Suseo-dong, Gangnam-gu, Seoul, Korea |
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Date of Birth |
09/20/1970 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
50,000,000 |
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Employees |
1 |
|
Formation |
Co., Ltd by shares |
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Bank Details |
N/A |
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Corporate Registered No. |
110111-3987653 |
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Business Registered No. |
214-88-33*** (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.) |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
10/21/2008 Incorporated as the present name 03/10/209 Moved to the present HQ address
from Rm.
417, Twin Tower, 275-4, Yangjae 2-dong, Seocho-gu, Seoul, Korea 11/2009 Awarded US$ 10 Million Export Top
Prize 11/2010 Awarded US$ 20 Million Export Top
Prize |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Hwang Young-Han |
Male |
Korean |
10/21/2008 |
|
Director |
M/S. |
Park Yeon-Jin |
Female |
Korean |
10/21/2008 |
The financials are
not available, and the Subject Company does not have any obligations to release
its financials to the public.
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issued Shares |
10,000 |
|
Main Products & Services |
Polyethylene, Polypropylene |
|
Competitors |
CRESCO CORPORATION LTD. RM. 2108, GWANGHWAMUN OFFICIA, 163,
SINMUNNO 1-GA, JONGNO-GU, SEOUL, KOREA TEL:+82-2-3276-3777 FAX:+82-2-3276-3779 YUCHANG F.C. CORPORATION A-1504, KOLON TRIPOLICE OFFICE, 210,
GEUMGOK-DONG, BUNDANG-GU, SEONGNAM-SI, GYEONGGI-DO, KOREA TEL:+82-31-728-0600 FAX:+82-31-728-0608 JUNGWOO CORPORATION 2ND FL., JEONG-U BLDG., 1552-8, SEOCHO
3-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-523-9661 FAX:+82-2-523-9671 |
(Activity &
Markets)
The Subject deals
with the companies in China, Pakistan and Vietnam.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.64 |
|
|
1 |
Rs.78.35 |
|
Euro |
1 |
Rs.65.79 |
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.