MIRA
INFORM REPORT
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Report Date : |
07.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
DONGWHA GREENCHEM CO., LTD. |
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Registered Office : |
173-144, Gajwa 1-dong, Seo-gu, Incheon,
Korea 404-811 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
04.01.2010 |
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Com. Reg. No.: |
137-81-99430 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacture of Other Basic Organic Chemicals |
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No. of Employees : |
159 |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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) |
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South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic Information
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Company Name |
DONGWHA GREENCHEM CO., LTD. (Korean Company Name : 동화그린켐(주)) |
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Registered Address |
173-144, Gajwa 1-dong, Seo-gu, Incheon,
Korea |
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Zip Code |
404-811 |
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Tel |
+82-32-585-0729 |
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Fax |
+82-32-585-0762 |
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E-mail |
recruit@dongwha-mh.com |
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Website |
www.greendongwha.co.kr |
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Trading Address |
Wonchang Bldg., 26-3, Yeouido-dong,
Yeongdeungpo-gu, Seoul, Korea |
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Tel |
+82-2-2122-0589 |
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Fax |
+82-2-2122-0539 |
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Type |
Export |
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Industry |
Manufacture of Other Basic Organic Chemicals |
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Main Business |
Wax, Formalin |
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Established (mm/dd/yyyy) |
01/04/2010 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
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Sell |
Chemicals including Bio Chemicals and Gas
Materials(12000000) |
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Sell |
Waxes(12181500) |
CEOs
|
Name |
Lee Si-Joon |
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Address |
Suite 102-1701, 2-7, Songdo-dong,
Yeonsu-gu, Incheon, Korea |
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Date of Birth |
03/27/1960 |
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Title |
Co-President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
3,000,000,000 |
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Employees |
159 |
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Formation |
Co., Ltd by shares A Company of DONGWHA HOLDINGS CO., LTD.(120111-0004218) |
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Bank Details |
Woori Bank Korea Development Bank |
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Corporate Registered No. |
120111-0519225 |
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Business Registered No. |
137-81-99430 |
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Permit & Licenses |
N/A |
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Shareholder Position |
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Company History |
01/04/2010 Incorporated as the present
name, after spin off from DONGWHA CORPORATION(120111-0327933) 01/02/2012 Disorganized after acquisition
by Dongwha Corporation(120111-0327933) |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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Co-President & CEO |
Mr. |
Lee Si-Joon |
Male |
Korean |
01/04/2010 |
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Co-President & CEO |
Mr. |
Kim Jong-Soo |
Male |
Korean |
01/04/2010 |
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Director |
Mr. |
Min Kyung-Sub |
Male |
Korean |
10/20/2011 |
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Auditor |
Mr. |
Park In-Cheol |
Male |
Korean |
10/20/2011 |
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Supervisor of HQ Office |
Mr. |
Seo Jae-Jin |
Male |
Korean |
01/04/2010 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
161,578,402,512 |
76,597,236,625 |
5,544,404,853 |
Financial Description
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Authorized Capital(KRW) |
12,000,000,000 |
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Paid-Up Capital(KRW) |
3,000,000,000 |
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Total Issues Shares |
6,000,000 |
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Total Assets |
76,597,236,625 |
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Current Assets |
44,254,347,881 |
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-Quick Assets |
30,057,099,335 |
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-Inventories |
14,197,248,546 |
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Fixed Assets |
32,342,888,744 |
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-Investment |
32,079,481,781 |
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-Tangibles |
- |
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-Intangibles |
263,406,963 |
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Total Liabilities |
41,860,098,988 |
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Current Liabilities |
35,441,724,250 |
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Fixed Liabilities |
6,418,374,738 |
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Capital Stock |
3,000,000,000 |
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Capital Surplus |
26,192,732,784 |
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Profit Surplus |
5,544,404,853 |
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Capital Adjustment |
- |
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Total Equity |
34,737,137,637 |
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Liab. & Shareholders Equity |
76,597,236,625 |
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Current Liabilities |
35,441,724,250 |
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Trade Payables |
21,391,468,199 |
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Short-Term Borrowings |
8,000,000,000 |
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Account Payables |
5,089,717,595 |
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Advance Receipts |
303,572,540 |
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Withholdings |
138,936,881 |
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Accrued Expenses |
518,029,035 |
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Fixed Liabilities |
6,418,374,738 |
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Long-Term Borrowings |
5,500,000,000 |
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VAT Withhold |
1,467,004 |
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Provision for Severance & Retirement |
2,796,991,902 |
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Income
Statement
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Sales |
161,578,402,512 |
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Cost of Sold Goods |
144,545,377,189 |
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Gross Profit |
17,033,025,323 |
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Selling & Admin. Expenses |
10,048,965,080 |
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Operating Income |
6,984,060,243 |
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Non-Operating Income |
2,730,269,260 |
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Non-Operating Expenses |
2,739,806,652 |
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Ordinary Income |
6,974,522,851 |
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Special Income |
- |
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Income Before Taxes |
6,974,522,851 |
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Income Taxes Expenses |
1,430,117,998 |
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Net Income |
5,544,404,853 |
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Cash
Flows
|
Unit :
Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Cash Flows
from Operating |
14,703,960,717 |
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-Net Income |
5,544,404,853 |
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-Exp.
without Cash Outflow |
2,769,022,086 |
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-Revenue
without Cash Inflows |
-545,705,173 |
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-Changes in
Asset/ & Liability |
6,936,238,951 |
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Cash Flows from
Investing |
-13,488,302,498 |
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-Cash Inflow
from Investing |
- |
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-Cash
Outflows for Investing |
-13,488,302,498 |
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Cash Flows
from Financing |
3,500,000,000 |
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-Cash
Inflows from Financing |
25,001,000,000 |
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-Cash
Outflows from Financing |
-21,501,000,000 |
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Increase/Decrease
in Cash |
4,715,658,219 |
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Cash at the
Beginning of Year |
- |
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Cash at the
End of Year |
4,715,658,219 |
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Products, Technologies, Services Description
|
Main Products & Services |
Manufacture of Other Basic Organic
Chemicals Wax, Formalin |
Trade Partners & Competitors
|
Competitors |
SHARON CHEMICALS & TRADE CO., LTD. 105-117, DONGJAK SANGTEVILLE OFFICETEL,
719, SINDAEBANG 2-DONG, DONGJAK-GU, SEOUL, KOREA TEL:+82-2-832-6822~3 FAX:+82-2-832-6825 DNS INTERNATIONAL RM. 701, HARVARD OFFICETEL, 875-7, CHEONGNYONG-DONG,
GWANAK-GU, SEOUL, KOREA TEL:+82-2-872-0947 FAX:+82-2-6280-0960 SAMBO GLOBAL CO., LTD RM. 818, HANSHIN CORE OFFICETEL, 11-9,
SINCHEON-DONG, SONGPA-GU, SEOUL, KOREA TEL:+82-2-2202-2251 FAX:+82-2-2202-2254 |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
DONGWHA HOLDINGS CO., LTD.(120111-0004218) DONGWHA CORPORATION(120111-0327933) DAESUNG WOOD IND.CO.,LTD.(120111-0018524) DONGWHA NATURE FLOORING
CO.,LTD.(120111-0411827) DONGWHA LOGISTICS CO., LTD.9120111-0411893) EUNIQUE CO., LTD.(110111-1255614) DONGWHA SFC HOUSING CO.,
LTD.(110111-3453133) WON CHANG TRADING.CO., LTD.(110111-1053126) ELITEDOOR CO.,LTD.(120111-0202507) DONGWHA AUTOCARE CO., LTD.(120111-0497405) DONGWHA YELLO HAT CO., LTD.(110111-4102185) |
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Corporate Ownership |
DONGWHA INTERNATIONAL CO., LTD. (Ex.: MH HOLDINGS CO., LTD.) DONGWHA HOLDINGS CO., LTD.(120111-0004218) |
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Major Shareholders |
DONGWHA HOLDINGS CO., LTD.(120111-0004218) |
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Cooperative Enterprise |
-Insured Company MERITZ FIRE & MARINE INSURANCE CO., LTD.(110111-0013328) |
Sales by Region
(Activity &
Markets)
The Subject exports
to Brazil, India, Indonesia and Malaysia.
Court Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
|
|
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.67.46 |
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 |
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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 |
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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 |
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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 |
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-- |
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.