MIRA INFORM REPORT

 

 

Report Date :

25.01.2012

 

IDENTIFICATION DETAILS

 

Name :

KROXX INC.

 

 

Registered Office :

3rd Fl., Eun-u Bldg. 526-6, Deungchon 2-dong, Gangseo-gu, Seoul, Korea 157-836

 

 

Country :

South Korea

 

 

Date of Incorporation :

23.06.1999

 

 

Com. Reg. No.:

111-81-32887

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacture of Packaging Plastics and Shipping Containers

 

 

No. of Employees :

28

 

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 :

No Complaints

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

 

Basic Information

 

Company Name

KROXX INC.

(Korean Company Name : “(주)크록스”)

Registered Address

526-6, Deungchon 2-dong, Gangseo-gu, Seoul, Korea

Building

3rd Fl., Eun-u Bldg.

Zip Code

157-836

Tel

+82-2-2652-1311

Fax

+82-2-2652-2117

E-mail

info@kroxx.com

Website

www.kroxx.com

Trading Address

3rd Fl., UNU Bldg., 526-6, Deungchon 2-dong, Gangseo-gu, Seoul, Korea

(New Address System : 23, Deungchon 51 gil, Gangseo-gu, Seoul, Korea)

Tel

+82-2-2652-1311

Fax

+82-2-2652-2117

Other Address

114-2, Jikdong-ro, Gwangju-si, Gyeonggi-do, Korea

Type

Export/Import

Industry

Manufacture of Adhesives and Gelatin

  Main Business

Super Glue, Plastic Bottle, Nail Glue

  Sub Business

Manufacture of Packaging Plastics and Shipping Containers

Established (mm/dd/yyyy)

06/23/1999

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Chemical adhesives(31201601)

Sell

Other adhesives and sealants(31201600)

Sell

Pastes(31201602)

 

 

CEO’s

 

Name

Kwon Keum-Teck

Address

Suite 201, 30, Nonhyeon-dong, Gangnam-gu, Seoul, Korea

Date of Birth

01/28/1950

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

100,000,000

Employees

28

Formation

Co., Ltd by Shares

Bank Details

Hana Bank

Industrial Bank of Korea-Yonhee Dong Branch

Shinhan Bank-Deungchon Dong Branch

Corporate Registered No.

110111-1720196

Business Registered No.

111-81-32887

Permit & Licenses

Int’l Trade No.: 11071884

Shareholder Position

N/A

Company History

11/1982 Established as UNU TONGSANG CO.(Sole Proprietorship)

06/23/1999 Incorporated as UNU CHEMICAL CO., LTD.

12/26/2001 Moved to the present HQ address from 390-2, Galhyeon 1-dong, Eunpyeong-gu, Seoul, Korea

01/2003 Awarded US$ 1 Million Export Top Prize

04/06/2006 Changed company name to the present name

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Kwon Keum-Teck

Male

Korean

06/23/1999

Director

Mr.

Won Jong-Hee

Male

Korean

03/31/2008

Director

M/S.

Lee Ok-Nyeo

Female

Korean

06/23/1999

Auditor

Mr.

Lee Gye-Hak

Male

Korean

06/23/1999

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

4,148,000,000

 

 

2008

3,708,000,000

 

 

2007

 

 

 

2006

2,559,000,000

 

 

2005

3,000,000,000

 

 

2004

2,888,000,000

 

 

2003

2,889,000,000

 

 

The latest & full 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)

100,000,000

Total Issued Shares

10,000

 

 

 

 

Products, Technologies, Services Description

 

Main Products & Services

Super Glue, Plastic Bottle, Nail Glue

 

Brand Name : ViVi

 

 

Trade Partners & Competitors

 

Competitors

DAE HEUNG CHEMICAL CO., LTD.

450-5, MOGOK-DONG, PYEONGTAEK-SI, GYEONGGI-DO, KOREA

TEL:+82-31-668-1421  FAX:+82-31-611-4218

 

LEEHO CO., LTD.

1033, JANGNIM 1-DONG, SAHA-GU, BUSAN, KOREA

TEL:+82-51-265-9777  FAX:+82-51-265-3868

 

JFS INDUSTRIES CO., LTD.

RM. 206, DAEMYEONG BLDG., 1340, SEOCHO 2-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-3487-5977  FAX:+82-2-3472-3739

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.97

UK Pound

1

Rs.77.74

Euro

1

Rs.65.09

 

 

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.