MIRA INFORM REPORT

 

 

Report Date :           

09.01.2012

 

IDENTIFICATION DETAILS

 

Name :

CHEMIREX CO., LTD.

 

 

Registered Office :

1223-1, Gaepo 4-dong, Gangnam-gu, Seoul, Korea, 4th Fl., Seunghwa Bldg., Zip Code 135-963

 

 

Country :

South Korea

 

 

Date of Incorporation :

21.08.2009

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacture of all other chemical products

 

 

No. of Employees :

7

 

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 :

Small Company

 

 

Payment Behaviour :

Unknown

 

 

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 30th, 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

 

Basic

 

Company Name

CHEMIREX CO., LTD.

(Korean Company Name : “(주)케미렉스”)

Registered Address

1223-1, Gaepo 4-dong, Gangnam-gu, Seoul, Korea

Building

4th Fl., Seunghwa Bldg.

Zip Code

135-963

Tel

+82-1688-8332

Fax

+82-2-572-8332

E-mail

kjmin@chemirex.com

Website

www.chemirex.com

Trading Address

4th Fl., Seunghwa Bldg., 1223-1, Gaepo 4-dong, Gangnam-gu, Seoul, Korea

Tel

+82-70-7931-1950

Fax

+82-2-572-8332

Type

Export

Industry

Wholesale of Other Chemical Materials and Chemical Products

  Main Business

Phosphoric Acid, Cryolite

  Sub Business

Manufacture of All Other Chemical Products n.e.c.

Established (mm/dd/yyyy)

08/21/2009

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Chemicals including Bio Chemicals and Gas Materials(12000000)

Sell

Chemical fertilizers and plant nutrients(10171600)

 

 

CEO’s

 

Name

Park Jin-Seok

Address

Suite 2401, 467-19, Dogok-dong, Gangnam-gu, Seoul, Korea

Date of Birth

11/13/1969

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

200,000,000

Employees

7

Formation

Co., Ltd by Shares

Bank Details

Woori Bank

Corporate Registered No.

110111-4163476

Business Registered No.

120-87-43*** (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

Int’l Trade No.: 30675900

Shareholder Position

N/A

Company History

08/21/2009 Incorporated as the present name

12/23/2010 Increased capital to 200,000 shares from 100,000 shares

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Park Jin-Seok

Male

Korean

08/21/2009

Director

M/S.

Kim Ji-Hyun

Female

Korean

08/21/2009

 

 

Financials

 

The financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

 

 

Financial Description

 

Authorized Capital(KRW)

400,000,000

Paid-Up Capital(KRW)

200,000,000

Total Issued Shares

40,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Inorganic Chemicals

Organic Chemicals

Minerals

Non-Ferrous Metals

 

 

Trade Partners & Competitors

 

Competitors

DOUGLAS CHEM INC

RM. 812, DAEWOO BLDG. BOKAP-DONG, 167, NAESU-DONG, JONGNO-GU, SEOUL, KOREA

TEL:+82-2-6272-7130  FAX:+82-2-6272-7131

 

MYOUNGJI CHEMICAL CO., LTD.

RM. 1001, DAEWOO OFFICETEL, 45-5, YEOUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA

TEL:+82-2-761-6660 FAX:+82-2-761-0337

 

CHEMICAL NETWORKS CO., LTD.

753-14, WONSAN-RI, ONSAN-EUP, ULJU-GUN, ULSAN, KOREA

TEL:+82-52-237-6111  FAX:+82-52-237-6110

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

CHEMIREX(SHANGAI) CO., LTD.

RM.907, SONO LIFE TOWER, 707, ZHANGYANG ROAD, PUDONG SHANGHAI, CHINA

TEL:+86-21-5836-1431  FAX:+86-21-5836-1433

 

CHEMIREX(VIETNAM) CO., LTD.

13 BUI HUY BICH P. 13, DISTRICT 8, HO CHI MINH CITY, VIETNAM

TEL:+84-8-6678-0020  FAX:+84-4-6678-0021

 

CHEMIREX INTERNATIONAL CO., LTD.

UNIT E. 15/F CHEUK NANG PLAZA, 250, HENNESSY RD., WANCHAI, HONG KONG

Overseas Office

SHENZHEN OFFICE, CHINA

RM.2403, UNIT 35A, LONG YUAN YI JING, JINGFEN ROAD BUJI TOWN LONGANG DISTRICT SHENZHEN CITY, GUANGDONG PROVINCE, CHINA

TEL:+86-755-8931-3259  FAX:+86-755-8931-3259

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to Vietnam.

 

Court Action

 

Not Available.

 

 

News Clipping

 

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FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.78

UK Pound

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

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.