|
Report Date : |
17.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
WOONGJIN CHEMICAL CO., LTD. |
|
|
|
|
Registered Office : |
287, Gongdan 2-dong, Gumi-si,
Gyeongsangbuk-do, Korea 730-906 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
07.01.1972 |
|
|
|
|
Com. Reg. No.: |
515-81-00097 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Man-Made Fiber Fabrics |
|
|
|
|
No. of Employees : |
1,007 |
RATING & COMMENTS
|
MIRAs 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 : |
Exists |
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 |
WOONGJIN CHEMICAL CO., LTD. (Ex. English Company Name : SAEHAN INDUSTRIES INC.) (Korean Company Name : 웅진케미칼(주)) |
|
Registered Address |
287, Gongdan 2-dong, Gumi-si,
Gyeongsangbuk-do, Korea |
|
Building |
|
|
Zip Code |
730-906 |
|
Tel |
+82-54-469-4114 |
|
Fax |
+82-54-469-4444 |
|
E-mail |
webmaster@saehan.co.kr |
|
Website |
www.wjchemical.com |
|
Trading Address |
23th Fl, Kukdong Bldg, 60-1, Chungmuro
3-ga, Jung-gu, Seoul, Korea |
|
Tel |
+82-2-3279-7000 |
|
Fax |
+82-2-3279-7062 |
|
Other Address-Gumi 2nd Factory |
309, Gongdan-dong, Gumi, Gyungsangbuk-do, Korea |
|
Tel |
+82-54-480-3000 |
|
Fax |
+82-54-480-3002 |
|
Other Address-Anseong Factory |
58, Singeonji-dong, Anseong-si, Gyeonggi-do, Korea |
|
Tel |
+8231-677-2831~4 |
|
Fax |
+82-31-677-2835 |
|
Other Address-Yugu Factory |
688, Yugu-ri, Yugu-eup, Gongju, Chungcheongnam-do, Korea |
|
Tel |
+82-41-840-6100 |
|
Fax |
+82-41-840-6119 |
|
Other Address-R&D
Institute |
F3 906-19, Iui-dong Yeongtong-dong Suwon-si Gyeonggi-do, Korea |
|
Tel |
+82-31-546-7393 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Man-Made Fiber Fabrics |
|
Main Business |
Yarn, Fabrics, PET Sheet, Filter, Chip |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
07/01/1972 |
The Subject owns
the Gumi 1st and 2nd Factories and Yugu Factory.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Yarns(11151700 |
|
Sell |
Blank tapes(43202002) |
|
Sell |
Magneto Optical MO disks(43202006) |
|
Sell |
Cotton fibers(11151507) |
|
Sell |
Resins(13111000) |
|
Sell |
Filters(40161500) |
|
Sell |
Concrete pilings(30102802) |
|
Sell |
Polyester films(13111210) |
|
Sell |
Blank video tapes(45131604) |
|
Sell |
Fabrics and leather materials(11160000) |
|
Sell |
Water purification equipment(47101514) |
|
Sell |
Sheet(30102500) |
|
Name |
Park Chan-Koo |
|
Address |
- |
|
Date of Birth |
- |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
03/18/2011 Park Chan-Koo has been
inaugurated as a CEO.
|
Capital (KRW) |
237,230,757,000 |
||||||||||||||||||||||||
|
Employees |
1,007 |
||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange :
008000 ) as of 06/30/1977 A Company of WOONGJIN BUSINESS GROUP |
||||||||||||||||||||||||
|
Bank Details |
Woori Bank Kyungnam Bank Korea Exchange Bank Korea Development Bank |
||||||||||||||||||||||||
|
Corporate Registered No. |
174811-0000151 |
||||||||||||||||||||||||
|
Business Registered No. |
515-81-00097 |
||||||||||||||||||||||||
|
Permit & Licenses |
11/1993 ISO 9002 09/1994 ISO 9001 12/1995 ISO 9002-Kyungsan factory 12/1996 ISO 14001 Gumi 1 Factory 12/1997 ISO 14001-Kyungsan factory Intl Trade No.: 875527 |
||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||
|
Company History |
07/01/1972 Incorporated as Cheil Synthetics
Textiles Co. Ltd 02/28/1989 Changed company name to Cheil
Synthetics Inc. 08/31/1995 Separated from Samsung Business
Group 02/28/1997 Changed company name to SAEHAN
INDUSTRIES INC 10/30/1999 Acquired SAEHAN CONSTRUCTION
CO., LTD. 03/2000 Established DSI, a joint venture
with DuPont / 03/2000 Received IR52 Award for
Semiconductor lead fixing tape 06/2000 Received Defense Quality System
Award in the textile area 02/2002 Received Export-to-Japan Merit
Award from Korea Textile Trade Association 10/2002 Received Korean World-class
Product Award for high bulky hollow fiber and fire retardant fiber / 10/2002 Received Prime Ministers Award
for reverse osmosis membrane for seawater desalination at the New Tech Korea
2002 03/2003 Received Korean World-class
Product Award for Suede stretch fabric, fouling resistant reverse osmosis
membrane 11/2003 Received Korean World-class
Product Award for Polyester/rayon blended stretch fabric 07/2005 Received Korean World-class
Product Award for polyester micro corduroy 11/2005 Received Commerce Industry &
Energy Minister Award for polyester micro corduroy 06/2006 Completed Gumi PlantⅡ 10/2006 Received Commerce Industry &
Energy Minister Award at the 2006 Korea Technology Grand Prize for High
functional nano membranes. 11/2006 Received 2006 Gyeongsangbuk-do
Energy Saving Best Prize at Gumi Plant. 03/21/2008 Changed the Company name to
Woongjin Chemical Co., Ltd. 06/30/2008 Acquired Yugu Filer Factory from WOONGJIN COWAY CO., LTD.(110111-0626501) 03/20/2009 Decided to spin off the par
value to 500 KRW from 5,000 KRW 01/2010 Moved to the present trading
address from 254-8, Gongdeok-dong, Mapo-gu, Seoul, Korea (*) History of Corporate Work-Out Procedure 05/18/2000 Applied to Corporate Work-Out
Procedure 06/02/2000 Decided to Corporate Work-Out
Procedure at the 2nd meeting of Creditors 10/18/2002 Signed the agreement on the
Corporate Work-Out Procedure between the creditors of financial institutes
and the Subject Company 12/30/2004 Postponed the payment of debts
until 12/31/2006 based on the agreement on the 3rd Corporate Work-Out
Procedure 12/28/2006 Postponed the payment of debts
until 06/30/2007 based on the agreement on the 4th Corporate Work-Out
Procedure 04/05/2007 Postponed the payment of debts
until 12/31/2008 based on the agreement on the 5th Corporate Work-Out
Procedure 01/25/2008 Completed the Corporate Work-Out
Procedure 03/21/2008 Changed company name to the
present name 06/30/2008 Transferred Water Treatment
Business to WOONGJIN COWAY CO., LTD.(110111-0626501) 06/30/2008 Acquired Yugu Filter Factory
from WOONGJIN COWAY CO., LTD.(110111-0626501) 03/20/2009 Spin off the par value to 500
KRW from 5,000 KRW |
||||||||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education & Career |
|
President & CEO |
Mr. |
Park Chan-Koo |
Korean |
- |
Ex. President of IEON GROUP |
|
Director |
Mr. |
Kim Jung-Hoon |
Korean |
1959.12.21 |
SAEHAN INDUSTRIES INC |
|
Director |
Mr. |
Ahn Ji-Yong |
Korean |
1972.01.19 |
Yonsei University, Korea |
|
Director |
Mr. |
Hong Joon-Ki |
Korean |
1958.10.21 |
Ex. President of WOONGJIN COWAY CO., LTD. |
|
Director |
Mr. |
Shin Kwang-Soo |
Korean |
1969.01.05 |
President & CEO of Woongjin Holdings Co., Ltd. |
|
Outside Director |
Mr. |
Shim Hyun-Young |
Korean |
1939.11.23 |
Present President & CEO of HYUNDAI ENGINEERING & CONSTRUCTION
CO., LTD |
|
Outside Director |
Mr. |
Kang Yong-Soo |
Korean |
1953.08.20 |
Present Prof., of Hanyang University, Korea |
|
Outside Director |
Mr. |
Lee Myung-Soo |
Korean |
1960.06.9 |
Present Prof., of Yonsei University, Korea |
|
Outside Director |
Mr. |
Yoon Yang-Yong |
Korean |
- |
President of Arter Cosmetics Co., Ltd. |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
1,083,493,108,000 |
739,882,855,000 |
4,015,972,000 |
|
|
(*)09/2011 |
808,034,709,492 |
786,592,143,457 |
22,269,167,502 |
|
2010 |
911,193,873,590 |
681,869,094,432 |
60,192,888,501 |
|
2009 |
803,174,786,065 |
620,741,739,445 |
10,182,466,223 |
|
2008 |
833,144,577,137 |
581,733,000,906 |
2,188,321,316 |
|
2007 |
738,215,214,924 |
597,081,062,377 |
(-)59,139,312,104 |
|
2006 |
716,754,465,391 |
886,459,599,104 |
(-)91,438,625,923 |
|
2005 |
744,435,173,207 |
1,004,443,504,799 |
5,506,215,130 |
|
2004 |
742,625,976,438 |
1,122,944,383,321 |
15,122,739,623 |
(*)09/2011s
figures are based on the K-IFRS Accounting System.
(*) The financials (2011)
are released by the subject company as tentative figures as of 02/14/2012. It
can be changeable by the Auditors confirmation.
|
Authorized Capital(KRW) |
500,000,000,000 |
|
Paid-Up Capital(KRW) |
237,230,757,000 |
|
Total Issues Shares |
474,461,514 |
|
Unit :
Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total
Assets |
786,592,143,457 |
710,069,168,417 |
|
|
Current Assets |
367,154,068,848 |
310,651,229,958 |
|
|
Cash
& Cash Equivalents |
62,227,242,533 |
85,314,301,068 |
|
|
Current
Financial Instruments |
104,231,094 |
1,998,411,301 |
|
|
Current Portion of Derivatives |
10,264,879 |
|
|
|
Other
Financial Instruments |
13,285,000 |
10,640,000 |
|
|
Trade
Receivables |
156,862,299,418 |
123,800,803,495 |
|
|
Other
Receivables |
11,057,727,532 |
7,564,526,098 |
|
|
Accrued
Income Tax |
120,092,351 |
252,213,130 |
|
|
Other
Current Assets |
2,433,635,672 |
3,251,852,795 |
|
|
Inventories |
134,325,290,369 |
88,458,482,071 |
|
|
Non-Current Assets |
419,438,074,609 |
399,417,938,459 |
|
|
Non-Current
Financial Instruments |
250,000,000 |
|
|
|
Current Portion of Derivatives |
37,008,706 |
|
|
|
Marketable
Financial Instruments |
723,235,036 |
2,545,767,994 |
|
|
Other
Financial Instruments |
2,668,410,000 |
2,679,360,000 |
|
|
Other
Receivables |
7,890,099,241 |
7,087,209,991 |
|
|
Investment_Subsidiaries |
39,636,352,936 |
39,636,352,936 |
|
|
Investment_Related
Companies |
4,065,702,065 |
4,065,702,065 |
|
|
Deferred
Income Tax Assets |
10,490,167,962 |
13,389,769,294 |
|
|
Other
Non-Current Assets |
166,852,500 |
166,852,500 |
|
|
Tangibles |
340,825,417,309 |
321,817,953,354 |
|
|
Investment_Real
Estates |
3,351,995,517 |
3,745,526,198 |
|
|
Intangibles |
9,332,833,337 |
4,283,444,127 |
|
|
Total Liabilities |
448,465,104,917 |
388,639,510,247 |
|
|
Current Liabilities |
311,409,805,918 |
294,739,904,929 |
|
|
Current Portion of Derivatives |
393,883,316 |
619,253,641 |
|
|
Other
Current Financial Debts |
356,491,309 |
297,650,561 |
|
|
Trade Payables |
121,118,774,492 |
116,882,604,731 |
|
|
Other Payables |
42,542,902,645 |
47,965,938,117 |
|
|
Short-Term
Borrowings |
109,911,418,219 |
86,311,688,000 |
|
|
Current
Portion of Long-Term Debts |
30,070,843,657 |
35,016,187,314 |
|
|
Current
Portion of Provisions |
1,077,762,155 |
964,735,465 |
|
|
Other
Current Liabilities |
5,937,730,125 |
6,681,847,100 |
|
|
Non-Current Liabilities |
137,055,298,999 |
93,899,605,318 |
|
|
Derivatives |
195,406,633 |
356,075,395 |
|
|
Other
Non-Current Non-Financial Debts |
685,340,486 |
783,469,982 |
|
|
Other Non-Current Liabilities |
5,694,176,000 |
6,598,582,160 |
|
|
Long-Term
Borrowings |
66,958,232,810 |
76,685,133,262 |
|
|
Debentures |
51,653,444,541 |
|
|
|
Confirmed
Salaries |
11,383,186,299 |
8,956,883,209 |
|
|
Provisions |
485,512,230 |
519,461,310 |
|
|
Capital Stock |
237,230,757,000 |
237,230,757,000 |
|
|
Profit
Surplus |
104,025,309,810 |
81,891,517,440 |
|
|
Installments |
-1,297,000,696 |
-739,299,409 |
|
|
Others |
-1,832,027,574 |
3,046,683,139 |
|
|
Total
Equity |
338,127,038,540 |
321,429,658,170 |
|
|
Liab.
& Shareholders Equity |
786,592,143,457 |
710,069,168,417 |
|
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
681,869,094,432 |
620,741,739,445 |
581,733,000,906 |
|
Current Assets |
292,601,948,626 |
265,655,425,422 |
226,620,234,844 |
|
-Quick Assets |
204,143,466,555 |
189,417,059,496 |
151,394,217,774 |
|
-Inventories |
88,458,482,071 |
76,238,365,926 |
75,226,017,070 |
|
Fixed Assets |
389,267,145,806 |
355,086,314,023 |
355,112,766,062 |
|
-Investment |
40,349,902,860 |
51,775,390,671 |
61,568,200,652 |
|
-Tangibles |
325,498,479,552 |
295,014,968,994 |
287,180,046,221 |
|
-Intangibles |
3,114,324,527 |
2,243,580,384 |
1,307,236,129 |
|
-Others |
20,304,438,867 |
6,052,373,974 |
5,057,283,060 |
|
Total Liabilities |
359,068,817,249 |
353,577,177,979 |
323,832,253,170 |
|
Current Liabilities |
268,600,645,629 |
213,377,156,636 |
136,249,203,521 |
|
Fixed Liabilities |
90,468,171,620 |
140,200,021,343 |
187,583,049,649 |
|
Capital Stock |
237,230,757,000 |
237,230,757,000 |
235,186,090,000 |
|
Capital Surplus |
15,842,983,970 |
41,324,140,043 |
37,398,070,405 |
|
Profit Surplus |
60,192,888,501 |
-25,481,156,073 |
-35,663,622,296 |
|
Capital Adjustment |
9,533,647,712 |
14,090,820,496 |
20,980,209,627 |
|
Total Equity |
322,800,277,183 |
267,164,561,466 |
257,900,747,736 |
|
Liab. & Shareholders Equity |
681,869,094,432 |
620,741,739,445 |
581,733,000,906 |
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
808,034,709,492 |
|
|
|
Cost of Sold Goods |
705,355,926,383 |
|
|
|
Gross Profit |
102,678,783,109 |
|
|
|
Selling & Admin. Expenses |
-67,151,399,457 |
|
|
|
Other Operating Income |
18,747,161,034 |
|
|
|
Other Operating Expenses |
-20,293,911,361 |
|
|
|
Operating Income |
33,980,633,325 |
|
|
|
Finance Income |
2,464,746,359 |
|
|
|
Finance Expenses |
-9,881,663,261 |
|
|
|
Other Non-Operating Income |
-1,205,396,945 |
|
|
|
Income Before Taxes |
25,358,319,478 |
|
|
|
Income Taxes Expenses |
3,089,151,976 |
|
|
|
Net Income |
22,269,167,502 |
|
|
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
911,193,873,590 |
803,174,786,065 |
833,144,577,137 |
|
Cost of Sold Goods |
776,440,968,813 |
699,109,735,492 |
732,871,065,408 |
|
Gross Profit |
134,752,904,777 |
104,065,050,573 |
100,273,511,729 |
|
Selling & Admin. Expenses |
84,694,421,306 |
82,387,172,963 |
70,325,315,659 |
|
Operating Income |
50,058,483,471 |
21,677,877,610 |
29,948,196,070 |
|
Non-Operating Income |
33,046,252,239 |
37,294,729,008 |
45,796,274,395 |
|
Non-Operating Expenses |
41,997,162,307 |
47,612,257,615 |
71,866,838,050 |
|
Income Before Taxes from Continues Business |
41,107,573,403 |
11,360,349,003 |
3,877,632,415 |
|
Income Taxes from Continues
Business |
-19,085,315,098 |
- |
|
|
Income from Continues Business |
60,192,888,501 |
11,360,349,003 |
3,877,632,415 |
|
Income from Stopped Business |
- |
1,177,882,780 |
-1,689,311,099 |
|
Net Income |
60,192,888,501 |
10,182,466,223 |
2,188,321,316 |
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating
Activities Cash Flows |
-31,452,758,499 |
|
|
|
Net Income |
22,269,167,502 |
|
|
|
Income Taxes |
132,120,779 |
|
|
|
Cash
Flows from Investing |
-39,288,364,026 |
|
|
|
Cash Inflow from Investing |
12,357,422,499 |
|
|
|
Cash Outflows for Investing |
-51,645,786,525 |
|
|
|
Cash
Flows from Financing |
47,308,969,159 |
|
|
|
Cash Inflows from Financing |
178,973,909,797 |
|
|
|
Cash Outflows from Financing |
-131,664,940,638 |
|
|
|
Increase/Decrease
in Cash |
-23,432,153,366 |
|
|
|
Cash at
the Beginning of Year |
85,314,301,068 |
|
|
|
Cash at
the End of Year |
62,227,242,533 |
|
|
|
Unit :
Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows
from Operating |
56,988,738,506 |
109,869,545,005 |
21,690,223,750 |
|
-Net Income |
60,192,888,501 |
10,182,466,223 |
2,188,321,316 |
|
-Exp.
without Cash Outflow |
45,464,539,684 |
44,598,517,664 |
49,295,035,479 |
|
-Revenue
without Cash Inflows |
-10,605,476,172 |
-4,790,193,260 |
-19,499,024,079 |
|
-Changes in
Asset/ & Liability |
-38,063,213,507 |
59,878,754,378 |
-10,294,108,966 |
|
Cash Flows
from Investing |
-38,142,322,367 |
-40,757,800,000 |
26,909,590,859 |
|
-Cash Inflow
from Investing |
30,915,840,545 |
8,915,991,623 |
56,422,488,061 |
|
-Cash
Outflows for Investing |
-69,058,162,912 |
-49,673,791,623 |
-29,512,897,202 |
|
Cash Flows
from Financing |
-8,579,500,331 |
-23,210,851,825 |
-58,491,101,601 |
|
-Cash
Inflows from Financing |
241,991,768,724 |
32,019,522,360 |
177,222,720,436 |
|
-Cash
Outflows from Financing |
-250,571,269,055 |
-55,230,374,185 |
-235,713,822,037 |
|
Increase/Decrease
in Cash |
10,266,915,808 |
45,900,893,180 |
-11,072,313,515 |
|
Cash at the
Beginning of Year |
74,693,733,166 |
28,792,839,986 |
39,865,153,501 |
|
Cash at the
End of Year |
84,960,648,974 |
74,693,733,166 |
28,792,839,986 |
|
Main Products & Services |
Polyester Filament Polyester Staple Fiber Chip Textile Filter Water Treatment Sheet Brand Name : ESLON, CSM |
||||||||||||
|
Detailed Products Spec. |
|
|
Competitors |
HUVIS CORPORATION(110111-2102070) HYOSUNG CORPORATION(110111-0030497) DAEHAN SYNTHETIC FIBER CO., LTD.(110111-0012437) |
|
Affiliates |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates) WOONGJIN LOGISTICS CO.,
LTD.(184511-0004511) (64.74% held by the subject company) SAEHAN INFORMATION SYSTEM INC.(110111-1369465) (30.0% held by the subject company) WOONGJIN HOLDINGS CO., LTD.(110111-0346745) WOONGJIN COWAY CO., LTD.(110111-0626501) WOONGJIN THINKBIG CO., LTD.(284911-0065613) WOONGJIN CHEMICAL CO., LTD(174811-0000151) WOONGJIN FOOD CO., LTD.(115411-0000192) BOOXEN CO., LTD(115611-0011369) WOONGJIN HAPPYALL CO., LTD(110111-18813520 REXFIELD COUNTRY CLUB(131211-0017571) WOONGJIN BOOKS CO., LTD.(110111-2268294) WOONGJIN CUCHEN CO., LTD.(284411-0038595) WOONGJIN CAPITAL CO., LTD(110111-3463950) WOONGJIN ENERGY. CO., LTD(160111-0214702) WOONGJIN POLYSILICON CO.,
LTD.(176011-0055332) KUKDONG ENGINEERING & CONSTRUCTION CO.,
LTD.(110111-0027858) HAPDUK INDUSTRIAL COMPLEX DEVELOPMENT CO.,
LTD.(110111-3453977) KYUNG JUNG CO., LTD(110111-3734533) WOONGJIN SYSTEM & TECHNOLOGY CO.,
LTD.(110111-3746067) WOONGJIN PASSONE CO., LTD.(110111-1959183) RENAISSANCE PRIVATE EQUITY I,
L.P.(110113-0012590) WOONGJIN LUCAS INVESTMENT ADVISOR CO.,
LTD.(11011-3961475) LUCAS CONSULTING CO., LTD.(110111-3961475) WOONGJIN MIRAE ACCOUNTING & TAX ACADEMY
CO.,LTD(110111-3475509) WOONGJIN VINA KOREA CO.,
LTD.(110111-3905225) OCEAN SWEETS CO., LTD.(220111-006549) WOONGJIN COWAY LIVING GOODS CO., LTD. BEARPORT PUBLISHING COMPANY, INC. SAEHAN INT'L TRADING(SHANGHAI) CO.,
LTD-CHINA TENJIN SAEHAN CO., LTD-CHINA P.T.SAEHAN TEXTILES |
|
Overseas Office |
WOONGJIN CHEMICAL SHANGHAI CO., LTD. RM.2307, INTERNATIONAL TRADE CENTER, 2200
YANAN RD. (W), SHANGHAI, CHINA 200339 TEL : +86-21-6219-0119 FAX :
+86-21-6219-0116 QINGDAO OFFICE RM. 405A, BLOCKB, FULLHOPE PLAZA, NO.12
HONGKONG MIDDLE RD., QINGDAO, SHANDONG, CHINA 266071 TEL : +86-532-502-8522 FAX :
+86-532-502-8525 TIANJIN WOONGJIN CSM ECOTECH CO., LTD NO.2 KEYUAN 4ST TEDA(JINNAN)
MICRO-ELECTRONICS INDUSTRIAL AREA BALITAI-ZHEN JINNAN-DISTRICT TIANJIN CHINA. TEL : +86-22-2612-2264/9472/3039/4000 FAX :
+86-22-2612-0588 P.T. WOONGJIN TEXTILES KOREA CENTER, RM.604, 6TH FL., JL. GATOT
SUBROTO KAV. 58, JAKARTA SELATAN 12950, INDONESIA TEL : +62-21-522-3364/5 FAX :
+62-21-522-3363 WOONGJIN CHEMICAL JAPAN OFFICE 7TH FL., AKASAKA HABITATION BLDG., 1-3-5,
AKASAKA, MINATO-KU, TOKYO, 107-0052, JAPAN TEL : +81-3-5114-5950,1 FAX :
+81-3-3583-4361 WOONGJIN CHEMICAL HOCHIMIN OFFICE 516 CONG HOA ST. WARD 13, TAN BINH DIST.,
HOCHIMINH CITY, VIETNAM TEL : +84-8-106831/2 FAX : +84-8-106-833 WOONGJIN CHEMICAL NEW DELHI OFFICE NO. 203, MOHTA BUILDING, BHIKAJI CAMA
PLACE, NEW DELHI-110066, INDIA TEL : +91-11-4607-5120 FAX :
+91-11-4607-4300 WOONGJIN CHEMICAL LA OFFICE 18552 MACARTHUR BLVD. #400 IRVINE, CA 92612 TEL : +1-949-922-6377 |
|
Subsidiary |
WOONGJIN CHEMICAL SHANGHAI CO., LTD (100.00% held by the subject company) TIANJIN WOONGJIN CSM ECOTECH CO., LTD (100.00% held by the subject company) P.T. WOONGJIN TEXTILES (90.34% held by the subject company) SAEHAN MEDIA IRELAND LIMITED (50.00% held by the subject company) |
|
Corporate Ownership |
WOONGJIN HOLDINGS CO., LTD.(110111-0346745) WOONGJIN COWAY CO., LTD.(110111-0626501) |
|
Major Shareholders |
WOONGJIN COWAY CO., LTD.(110111-0626501) |
(Activity &
Markets)
|
Sales/ Unit :Mil KRW |
09/2011 |
2010 |
2009 |
|
Export |
511,850 |
582,831 |
509,329 |
|
Domestic |
296,184 |
328,393 |
293,846 |
|
Total |
808,034 |
911,224 |
803,175 |
The Subject exports to China, Japan, Europe and North America.
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
Seoul District Court |
Tomwoo Apparel Co., Ltd. |
The Subject Company |
Claim for damages |
83,180,000 KRW |
Proceeding |
|
|
Seoul District Court |
The Subject Company |
Tomwoo Apparel Co., Ltd. |
Claim for Receivables |
102,024,000 KRW |
Proceeding |
--
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 SCs 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.