x
|
Report Date : |
16.02.2012 |
|
|
|
|
Tel. No.: |
82-2-2259-1353, 1337 |
|
Fax No.: |
82-2-2259-1363 |
IDENTIFICATION DETAILS
|
Name : |
CHEMCROSS
INTERNATIONAL INC. |
|
|
|
|
Registered Office : |
84-11, Namdaemunno 5(o)-ga, Jung-gu |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
10.02.2009 |
|
|
|
|
Com. Reg. No.: |
104-86-19203 |
|
|
|
|
Legal Form : |
Co., Ltd., by Shares |
|
|
|
|
Line of Business : |
Wholesales of the basic chemicals for
industrial purpose, Online Marketplace |
|
|
|
|
No. of Employees : |
28 |
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 – 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 |
CHEMCROSS
INTERNATIONAL INC. (Korean Company
Name: “(주)켐크로스인터내셔널”) |
|
Registered Address |
84-11, Namdaemunno 5(o)-ga, Jung-gu,
Seoul, Korea |
|
Building |
4FL., Yonsei Severance Bldg. |
|
Zip Code |
100-753 |
|
Tel |
+82-2-2259-1315 |
|
Fax |
+82-2-2259-1360 |
|
E-mail |
info@chemcross.com;hosunglee@chemcross.com;recruit@chemcross.com |
|
Website |
|
|
Trading Address |
4FL., Yonsei Severance Bldg., 84-11,
Namdaemunno 5(o)-ga, Jung-gu, Seoul 100-753 Korea |
|
Tel |
+82-2-22591299 |
|
Fax |
+82-2-22591363 |
|
Type |
Import/Export |
|
Industry |
Wholesales of the basic chemicals for
industrial purpose, Online Marketplace |
|
Main Business |
Paints, Dyes and related chemicals,
Fertilizer, Synthetic Rubber, Plastic Materials, Recycling Products |
|
Established (mm/dd/yyyy) |
02/10/2009 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Chemicals including Bio Chemicals and Gas
Materials(12000000) |
|
Sell |
World wide web WWW site operation host
services(81112105) |
|
Sell |
Basic Chemicals |
|
Sell |
Plastic Materials |
|
Sell |
Chemicals for Paints & Dyes |
|
Sell |
Chemicals for Fertilizer |
|
Name |
Jeon Kil-Young |
|
Address |
Suite 229-203, 902, Mok-dong, Yangcheon-gu,
Seoul, Korea |
|
Date of Birth |
08/02/1960 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
8,500,000,000 |
|||||||||
|
Employees |
28 |
|||||||||
|
Formation |
Co., Ltd., by Shares Foreign Direct Investment Corporation |
|||||||||
|
Bank Details |
Shinhan Bank Citibank, Korea Korea Exchange Bank |
|||||||||
|
Corporate Registered No. |
110111-4041242 |
|||||||||
|
Business Registered No. |
104-86-19203 |
|||||||||
|
Permit & Licenses |
N/A |
|||||||||
|
(*)Shareholder Position |
(*)The list is based as of 12/31/2010. |
|||||||||
|
Company History |
02/10/2009
Incorporated as the present name after taking business from CHEMCROSS INC
KOREA BRANCH(110181-0029542) 02/26/2009 Registered as a Foreign Direct
Investment Corporation 07/20/2009 Increased the authorized shares to 4,000,000 Shares from
400,000 Shares 07/25/2009 Increased capital to 5,000,000,000
KRW from 500,000,000 KRW 11/25/2010 Increased capital to 5,500,000,000
KRW from 5,000,000,000 KRW 11/25/2010 Acquired SOLAR CROSS CO., LTD. 11/25/2010 Acquired Solar Cross Co., Ltd.(110111-3749194) 12/22/2011 Increased capital to 8,500,000,000 KRW from 5,500,000,000 KRW |
|||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Jeon Kil-Young |
Male |
Korean |
02/10/2009 |
|
Director |
Mr. |
Hur Won-Joon |
Male |
Korean |
12/24/2009 |
|
Director |
Mr. |
Lee Soo-Chul |
Male |
Korean |
03/31/2011 |
|
Director |
Mr. |
Fuji Ishoon |
Male |
Japanese |
08/02/2010 |
|
Director |
Mr. |
Jung Bum-Shik |
Male |
Korean |
03/31/2011 |
|
Director |
Mr. |
You Hong-Ryeol |
Male |
Korean |
06/17/2011 |
|
Auditor |
Mr. |
Hong Kwang-Hern |
Male |
Korean |
12/24/2009 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
521,060,575,467 |
56,849,286,215 |
247,428,073 |
|
|
2009 |
195,096,723,520 |
60,448,893,093 |
696,590,810 |
Financial
Description
|
Authorized Capital(KRW) |
20,000,000,000 |
|
Paid-Up Capital(KRW) |
8,500,000,000 |
|
Total Issues Shares |
1,700,000 |
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
56,849,286,215 |
60,448,893,093 |
|
|
Current Assets |
55,605,876,121 |
59,538,232,335 |
|
|
-Quick Assets |
31,796,466,854 |
47,299,784,082 |
|
|
-Inventories |
23,809,409,267 |
12,238,448,253 |
|
|
Fixed Assets |
1,243,410,094 |
910,660,758 |
|
|
-Investment |
534,731,087 |
388,846,310 |
|
|
-Tangibles |
|
|
|
|
-Intangibles |
708,679,007 |
521,814,448 |
|
|
Total Liabilities |
50,437,595,994 |
54,817,102,283 |
|
|
Current Liabilities |
38,828,929,603 |
41,903,607,965 |
|
|
Fixed Liabilities |
11,608,666,391 |
12,913,494,318 |
|
|
Capital Stock |
5,500,000,000 |
5,000,000,000 |
|
|
Capital Surplus |
32,471,338 |
- |
|
|
Profit Surplus |
944,018,883 |
696,590,810 |
|
|
Capital Adjustment |
-64,800,000 |
-64,800,000 |
|
|
Total Equity |
6,411,690,221 |
5,631,790,810 |
|
|
Liab. & Shareholder’s Equity |
56,849,286,215 |
60,448,893,093 |
|
|
Current Liabilities |
38,828,929,603 |
41,903,607,965 |
|
|
Short-Term Borrowings |
4,566,666,600 |
1,214,304,000 |
|
|
Trade Payables |
32,433,427,475 |
37,717,272,013 |
|
|
Advance Receipts |
671,849,011 |
625,603,290 |
|
|
Withholdings |
93,616,998 |
334,129,120 |
|
|
Account Payables |
176,785,977 |
287,580,510 |
|
|
Accrued Expenses |
886,583,542 |
1,402,300,291 |
|
|
Accrued Income Tax |
- |
322,418,741 |
|
|
Fixed Liabilities |
11,608,666,391 |
12,913,494,318 |
|
|
Long-Term Borrowings |
11,389,000,000 |
12,843,600,000 |
|
|
Provision for Severance & Retirement |
258,654,180 |
75,156,250 |
|
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
521,060,575,467 |
195,096,723,520 |
|
|
Cost of Sold Goods |
506,725,661,698 |
187,258,257,533 |
|
|
Gross Profit |
14,334,913,769 |
7,838,465,987 |
|
|
Selling & Admin. Expenses |
14,888,496,064 |
7,503,430,127 |
|
|
Operating Income |
-553,582,295 |
335,035,860 |
|
|
Non-Operating Income |
12,496,105,961 |
5,312,946,686 |
|
|
Non-Operating Expenses |
11,585,682,672 |
4,715,346,187 |
|
|
Income Before Taxes |
356,840,994 |
932,636,359 |
|
|
Income Taxes Expenses |
109,412,921 |
236,045,549 |
|
|
Net Income |
247,428,073 |
696,590,810 |
|
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
-15,747,894,977 |
4,447,190,645 |
|
|
-Net Income |
247,428,073 |
696,590,810 |
|
|
-Exp. without Cash Outflow |
409,495,022 |
529,576,382 |
|
|
-Revenue without Cash Inflows |
-290,007,256 |
-48,769,656 |
|
|
-Changes in Asset/ & Liability |
-16,114,810,816 |
3,269,793,109 |
|
|
Cash Flows from Investing |
3,061,755,762 |
-2,450,336,219 |
|
|
-Cash Inflow from Investing |
3,390,987,082 |
95,625,504 |
|
|
-Cash Outflows for Investing |
-329,231,320 |
-2,545,961,723 |
|
|
Cash Flows from Financing |
2,236,470,847 |
16,177,020,000 |
|
|
-Cash Inflows from Financing |
4,603,574,847 |
17,616,000,000 |
|
|
-Cash Outflows from Financing |
-2,367,104,000 |
-1,438,980,000 |
|
|
Increase/Decrease in Cash |
-10,059,450,247 |
24,103,486,472 |
|
|
Cash at the Beginning of Year |
24,103,486,472 |
- |
|
|
Cash at the End of Year |
14,044,036,225 |
24,103,486,472 |
|
|
Main Products & Services |
Global Chemical B2B Company ChemCross.com is share brokering & consulting division with the
trading division. The broking & consulting division is on-line broking services
whereby buyers and sellers of benzene/toluene/xylene/para xylene/styrene
monomer etc chemical products. In addition to exchange service, Chemcross
offers asia-specific market information and consulting services. The trading division is in business fiber intermediates, vinyls &
plasticizers, poly olefins, styrenics, phenol & derivatives, methanol
& solvents division. |
|
Competitors |
BIZ MRO CO., LTD. 4TH FL., IN-U BLDG., 109-1, SAMSEONG
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-3702-0900 FAX:+82-2-3702-0901 CYBER DISTY CO., LTD. A-501, WOOLIM LION`S VALLEY 1-CHA, 371-28,
GASAN-DONG, GEUMCHEON-GU, SEOUL, KOREA TEL:+82-2-2026-5600 FAX:+82-2-2026-5629 ENTOB CORPORATION RM. 701, ANAM TOWER, 702-10, YEOKSAM
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-2007-0800 FAX:+82-2-2007-0888 |
|
Affiliates |
CHEMCROSS INC. CENTER ROAD, 1013, NEW CASTLE COUNTY,
WILMINGTON CITY, DELAWARE, USA ChemCross is a
global chemical marketplace established in 2000 as an online B2B consortium.
ChemCross is owned by 67 leading chemical companies from 7 countries
worldwide. ChemCross started as an online chemical exchange that represents
the Asian chemical industry. Since then, the spectrum of services has grown
wider to include various offline business functions and information services.
ChemCross is the gateway to Asian chemical market for chemical manufacturers,
traders, and end-users from all over the world. The annual volume of
transaction at ChemCross exceeded $1 billion US dollars in 2004. CHEMCROSS (SHANGHAI) TRADING INC. CHEMCROSS HONGKONG LIMITED |
|
Overseas Office |
HOUSTON 11999 KATY FREEWAY SUITE 625 HOUSTON, TX
77079 TEL:281-596-0011 FAX:281-596-0143 E-MAIL : INFO-USA@CHEMCROSS.COM SHANGHAI 13-16 RM, 24 FLOOR, BANK OF CHINA TOWER,
200 MID. YIN CHENG RD. PU DONG SHANGHAI P.R. CHINA TEL : 86-21-6887-2108 FAX: 86-21-6887-2123/6887-2006 E-MAIL : INFO-CHINA@CHEMCROSS.COM TOKYO 26-1-101, 2-CHOME, HAZAWA, NERIMA-KU, TOKYO
176-0003 JAPAN TEL : 81-90-8726-3060 FAX : 81-3-3557-6779 E-MAIL : INFO-JAPAN@CHEMCROSS.COM SINGAPORE 105 CECIL STREET #12-01 THE OCTAGON
SINGAPORE 069536 TEL : 65-6223-2911 FAX : 65-6223-0695 E-MAIL : SINGAPORE@CHEMCROSS.COM |
|
Corporate Ownership |
CHEMCROSS.COM, INC. 11999 KATY FREEWAY SUITE 625, HOUSTON, TX
77079 TEL:+1-281-596-0011 FAX:+1-281-596-0143 |
|
Cooperative Enterprise |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078) |
The Subject exports
to China.
No.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.25 |
|
|
1 |
Rs.77.45 |
|
Euro |
1 |
Rs.64.89 |
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.