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Report Date : |
22.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
TWO H CHEM LTD. |
|
|
|
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Registered Office : |
180-3, Geomseung-ri, Goesan-eup, Goesan-gun, Chungcheongbuk-do, Korea 367-801 |
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|
|
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Country : |
South Korea |
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|
|
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Financials (as on) : |
31.12.2009 |
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|
|
|
Date of Incorporation : |
29.03.2002 |
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Com. Reg. No.: |
214-87-09111 |
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|
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Legal Form : |
Co., Ltd by Shares |
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|
|
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Line of Business : |
Manufacture of Other Plastic Products |
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|
|
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No. of Employees : |
17 |
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 |
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Payment Behaviour : |
No Complaints |
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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 |
TWO H CHEM LTD. (Korean Company Name : “(주)투에이취켐”) |
|
Registered Address |
180-3, Geomseung-ri, Goesan-eup,
Goesan-gun, Chungcheongbuk-do, Korea |
|
Zip Code |
367-801 |
|
Tel |
+82-43-832-6760 |
|
Fax |
+82-43-832-6763 |
|
E-mail |
shhwang@twohchem.com;skjung69@hhchem.co.kr |
|
Website |
www.twohchem.com |
|
Trading Address |
180-3, Geomseung-ri, Goesan-eup,
Goesan-gun, Chungcheongbuk-do, Korea |
|
Tel |
+82-43-832-6760 |
|
Fax |
+82-43-832-6763 |
|
Other Address |
Rm. 1705, Windstone Officetel, 275-2, Yangjae
2-dong, Seocho-gu, Seoul, Korea |
|
Tel |
+82-2-3463-6760 |
|
Fax |
+82-2-3461-6953 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Other Plastic Products n.e.c. |
|
Main Business |
Adhesive Resin, Adhesive Film, Al Composite Panel, Plastic Compound |
|
Established (mm/dd/yyyy) |
03/29/2002 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Resins(13111000) |
|
Sell |
Chemicals including Bio Chemicals and Gas
Materials(12000000) |
|
Name |
Chung Hwa-Young |
|
Address |
Suite 304-801, 177, Imae-dong,
Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Date of Birth |
07/26/1960 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
555,555,000 |
|
Employees |
17 |
|
Formation |
Co., Ltd by Shares Venture Business |
|
Bank Details |
Korea Exchange Bank |
|
Corporate Registered No. |
110111-2484907 |
|
Business Registered No. |
214-87-09111 |
|
Permit & Licenses |
09/2006 ISO 9001 Int’l Trade No.: 11993182 |
|
Shareholder Position |
N/A |
|
Company History |
04/08/2002 Incorporated as TWO H CHEMICAL LTD. 02/02/2007 Moved to the present HQ address from
275-6, Yangjae-dong, Seocho-gu, Seoul, Korea 05/25/2007 Designated as a Venture Business 08/24/2007 Changed company name to the present name 04/29/2008 Designated as a Venture Business
again 02/19/2010 Designated as a Venture Business
again 03/08/2011 Increased the authorized shares to 400,000 shares from
200,000 shares 03/10/2011 Increased capital to 555,555,000 KRW from 527,780,000 KRW |
|
|
|
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Chung Hwa-Young |
Male |
Korean |
03/29/2005 |
|
Director |
Mr. |
Hwang Seok-Hwean |
Male |
Korean |
06/03/2009 |
|
Director |
Mr. |
Kim Dae-Joon |
Male |
Korean |
03/08/2011 |
|
Auditor |
Mr. |
Cho Baik-Soo |
Male |
Korean |
03/31/2011 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2009 |
6,082,001,000 |
7,313,095,000 |
132,743,000 |
|
2008 |
6,501,836,000 |
6,517,961,000 |
100,498,000 |
|
2007 |
6,024,292,000 |
5,738,710,000 |
216,755,000 |
The latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
|
Authorized Capital(KRW) |
2,000,000,000 |
|
Paid-Up Capital(KRW) |
555,555,000 |
|
Total Issues Shares |
111,111 |
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Total Assets |
7,313,095,000 |
6,517,961,000 |
5,738,710,000 |
|
Current Assets |
3,811,474,000 |
2,905,633,000 |
2,799,408,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
3,501,621,000 |
3,612,328,000 |
2,939,302,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
6,154,835,000 |
5,690,552,000 |
5,012,194,000 |
|
Current Liabilities |
1,782,335,000 |
1,603,052,000 |
1,582,194,000 |
|
Fixed Liabilities |
4,372,500,000 |
4,087,500,000 |
3,430,000,000 |
|
Capital Stock |
500,000,000 |
300,000,000 |
300,000,000 |
|
Capital Surplus |
-960,000 |
- |
- |
|
Profit Surplus |
659,220,000 |
527,409,000 |
426,516,000 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
1,158,260,000 |
827,409,000 |
726,516,000 |
|
Liab. & Shareholder’s Equity |
7,313,095,000 |
6,517,961,000 |
5,738,710,000 |
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Sales |
6,082,001,000 |
6,501,836,000 |
6,024,292,000 |
|
Cost of Sold Goods |
5,128,330,000 |
5,555,408,000 |
5,009,725,000 |
|
Gross Profit |
953,671,000 |
946,428,000 |
1,014,567,000 |
|
Selling & Admin. Expenses |
705,350,000 |
599,324,000 |
659,668,000 |
|
Operating Income |
248,321,000 |
347,104,000 |
354,899,000 |
|
Non-Operating Income |
4,372,500,000 |
4,087,500,000 |
3,430,000,000 |
|
Non-Operating Expenses |
318,725,000 |
298,665,000 |
174,295,000 |
|
Ordinary Income |
132,743,000 |
100,498,000 |
216,755,000
|
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
132,743,000 |
100,498,000 |
216,755,000 |
|
Income Taxes Expenses |
- |
- |
- |
|
Net Income |
132,743,000 |
100,498,000 |
216,755,000
|
|
Main Products & Services |
Adhesive Resin, Adhesive Film, Al Composite Panel, Plastic Compound |
|
Competitors |
HAN KYUNG CHEMICAL CO., LTD. 25B-10L, NAMDONG INDUSTRIAL COMPLEX, 446-9,
NONHYEON-DONG, NAMDONG-GU, INCHEON, KOREA TEL:+82-32-818-0146 FAX:+82-32-819-7298 SBI CORPORATION RM. 204, 418-3, SINDORIM-DONG, GURO-GU,
SEOUL, KOREA TEL:+82-2-2633-2585 FAX:+82-2-2633-2596 KUKJAE CHEMICAL CO., LTD. 36-3, SEGOK-RI, BONGDAM-EUP, HWASEONG-SI,
GYEONGGI-DO, KOREA TEL:+82-31-227-0672 FAX:+82-31-298-0671 |
(Activity &
Markets)
The Subject deals
with the companies in China, Taiwan, and Portugal.
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
|
|
1 |
Rs.77.80 |
|
Euro |
1 |
Rs.65.17 |
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.