MIRA
INFORM REPORT
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Report Date : |
17.01.2012 |
IDENTIFICATION DETAILS
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Name : |
KOSPOL CO., LTD. |
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Registered Office : |
Rm. 803, Semyeong Bldg. 945-2, Daechi 2-dong, Gangnam-gu, Seoul, Korea 135-846 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
09.07.2001 |
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Com. Reg. No.: |
215-86-11160 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesale of Synthetic Rubber and Plastics Materials |
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No. of Employees : |
7 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
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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 |
KOSPOL CO., LTD. (Korean Company Name : “(주)코스폴물산”) |
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Registered Address |
945-2, Daechi 2-dong, Gangnam-gu, Seoul,
Korea |
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Building |
Rm. 803, Semyeong Bldg. |
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Zip Code |
135-846 |
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Tel |
+82-2-3452-6078 |
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Fax |
+82-2-3452-6076 |
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E-mail |
steve.chang@kospol.com;danny.seo@kospol.com |
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Website |
www.kospol.com |
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Trading Address |
Rm. 803, Semyeong Bldg., 945-2, Daechi
2-dong, Gangnam-gu, Seoul, Korea |
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Tel |
+82-2-3452-6078 |
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Fax |
+82-2-3452-6076 |
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Type |
Export/Import |
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Industry |
Wholesale of Synthetic Rubber and Plastics Materials |
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Main Business |
PP, HEPE, LLDPE, EVA, PS, EPS, ABS, SBR, BR, PVC |
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Sub
Business |
Food & Beverage |
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Established (mm/dd/yyyy) |
07/09/2001 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Polystyrene resin(13111023) |
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Sell |
High Density Polyethylene HDPE(13102017) |
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Sell |
Polyvinyl Chloride PVC(13102030) |
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Sell |
Polypropylene PP(13102022) |
CEO’s
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Name |
Chang Young-Bae(Steve) |
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Address |
Suite 15-707, 500, Daechi-dong,
Gangnam-gu, Seoul, Korea |
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Date of Birth |
12/12/1964 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
50,000,000 |
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Employees |
7 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Korea Exchange Bank-Jamsil Branch Kookmin Bank-Samsung Corporate Finance
Branch Shinhan Bank |
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Corporate Registered No. |
110111-2282426 |
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Business Registered No. |
215-86-11160 |
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Permit & Licenses |
Int’l Trade No.: 11927840 |
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Shareholder Position |
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Company History |
07/09/2001 Incorporated as PACHEM MULSAN
CO., LTD. 05/20/2005 Changed company name to the
present name 11/2005 Awarded US$ 30 Million Export Top
Prize 02/09/2009 Moved to the present HQ address
from Rm.
802, Semyeong Bldg., 945-2, Daechi 2-dong, Gangnam-gu, Seoul, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Chang Young-Bae(Steve) |
Male |
Korean |
09/16/2002 |
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Director |
M/S. |
Jung Keum-Rok |
Female |
Korean |
10/15/2002 |
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Auditor |
Mr. |
Lee Soon-Young |
Male |
Korean |
03/10/2010 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
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101,700,000,000 |
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2009 |
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2008 |
74,542,000,000 |
8,867,000,000 |
1,617,000,000 |
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2007 |
71,965,000,000 |
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2006 |
48,360,000,000 |
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2005 |
28,829,000,000 |
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2004 |
44,845,000,000 |
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2003 |
20,361,000,000 |
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Financial Description
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Authorized Capital(KRW) |
200,000,000 |
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Paid-Up Capital(KRW) |
50,000,000 |
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Total Issues Shares |
10,000 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Total Assets |
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8,867,000,000 |
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Current Assets |
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8,651,000,000 |
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-Quick Assets |
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8,070,000,000 |
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-Inventories |
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581,000,000 |
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Fixed Assets |
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216,000,000 |
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-Investment |
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86,000,000 |
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-Tangibles |
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- |
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-Intangibles |
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- |
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Total Liabilities |
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5,469,000,000 |
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Current Liabilities |
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5,406,000,000 |
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Fixed Liabilities |
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63,000,000 |
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Capital Stock |
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50,000,000 |
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Capital Surplus |
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- |
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Profit Surplus |
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3,348,000,000 |
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Capital Adjustment |
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- |
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Total Equity |
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3,398,000,000 |
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Liab. & Shareholder’s Equity |
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8,867,000,000 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Sales |
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74,542,000,000 |
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Cost of Sold Goods |
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65,757,000,000 |
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Gross Profit |
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8,786,000,000 |
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Selling & Admin. Expenses |
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5,820,000,000 |
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Operating Income |
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2,966,000,000 |
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Non-Operating Income |
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3,035,000,000 |
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Non-Operating Expenses |
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3,753,000,000 |
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Income Before Taxes |
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2,248,000,000 |
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Income Taxes Expenses |
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630,000,000 |
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Net Income |
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1,617,000,000 |
Products, Technologies, Services Description
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Main Products & Services |
PP, HEPE, LLDPE, EVA, PS, EPS, ABS, SBR, BR, PVC |
Trade Partners & Competitors
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Competitors |
CRESCO CORPORATION LTD. RM. 407, GWANGHWAMUN OFFICIA, 163, SINMUNNO
1-GA, JONGNO-GU, SEOUL, KOREA TEL:+82-2-3276-3777 FAX:+82-2-3276-3779 SAMMIN CORPORATION RM. 408, DAEGWANG BLDG., 7-15, NONHYEON
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-547-2556 FAX:+82-2-547-2559 JUNGWOO CORPORATION 2ND FL., JEONG-U BLDG., 1552-8, SEOCHO
3-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-523-9661 FAX:+82-2-523-9671 |
Sales by Region
(Activity &
Markets)
The Subject exports
to Iran, South Africa, Egypt and Ecuador. And it imports from USA.
Court Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.65 |
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|
1 |
Rs.79.09 |
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Euro |
1 |
Rs.65.32 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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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 |
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<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 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.