MIRA
INFORM REPORT
|
Report Date : |
30.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
OCI COMPANY
LTD |
|
|
|
|
Registered Office : |
50, Sogong-dong, Jung-gu, Seoul, Korea, Oriental Chemical Industries
Bldg., 100-718 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
05.08.1959 |
|
|
|
|
Com. Reg. No.: |
506-81-00069 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Other Basic Inorganic Chemicals like Carbon Black, TDI,
Rubber Chemical, Naphthalene |
|
|
|
|
No. of Employees : |
2,583 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
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
|
Company
Name |
OCI COMPANY
LTD. (Ex. English
Company Name : DC CHEMICAL CO., LTD., “동양제철화학”) (Korean
Company Name : “오씨아이(주)”) |
|
Registered Address |
50, Sogong-dong,
Jung-gu, Seoul, Korea |
|
Building |
Oriental Chemical Industries Bldg. |
|
Zip Code |
100-718 |
|
Tel |
+82-2-727-9500 |
|
Fax |
+82-2-757-4111 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
Oriental
Chemical Industries Bldg., 50, Sogong-dong, Jung-gu, Seoul, Korea |
|
Tel |
+82-2-727-9500 |
|
Fax |
+82-2-757-4111 |
|
Other Address-Iksan Plant |
740-27, Sinheung-dong, Iksan-si, Jeonbuk-do
570-978 Korea |
|
Tel |
+82-63-830-7777 |
|
Fax |
+82-63-833-8968 |
|
Other Address-Gunsan Plant |
233, Soryong-dong, Gunsan-si, Jeonbuk-do 573-879
Korea |
|
Tel |
+82-63-460-6143 |
|
Fax |
+82-63-462-6050 |
|
Other Address-Gwangyang Plant |
1658, Taein-dong, Gwangyang-si, Jeonnam-do
545-885 Korea |
|
Tel |
+82-61-798-6114 |
|
Fax |
+82-61-798-6100 |
|
Other Address-Pohang Plant |
1, Cheongrim-dong, Nam-gu, Pohang-si,
Gyeongbuk-do 790-836 Korea |
|
Tel |
+82-54-290-8000 |
|
Fax |
+82-54-292-3223 |
|
Other Address-Jeonju Plant |
Jeonju Industrial Complex Ⅲ, 848, Yongam-ri, Bongdong-Eeup, Wanju-gun,
Jeonbuk-do 565-900 Korea |
|
Tel |
+82-63-261-5177 |
|
Fax |
+82-63-261-5227 |
|
Other Address-Incheon Plant |
595, Hagik 1-Dong, Nam-gu, Incheon 402-041 Korea |
|
Tel |
+82-32-860-6114 |
|
Fax |
+82-32-864-3653 |
|
Other Address-Daejeon Plant |
1-19, Daehwa-dong, Daedeok-gu, Daejeon 306-020
Korea |
|
Tel |
+82-42-621-0096 |
|
Fax |
|
|
Other Address-Ulsan Plant |
388, Yeocheon-dong, Nam-gu, Ulsan 680-090 Korea |
|
Tel |
+82-52-273-4981 |
|
Fax |
+82-52-273-4983 |
|
Other Address-Gumi Plant |
320, Gongdan 2-dong, Gumi-si, Gyeongbuk-do
730-906 Korea |
|
Tel |
+82-54-463-6375 |
|
Fax |
+82-54-461-0816 |
|
Other Address-Gyeongin Office |
6Fl.
KDB BD 1588-11, Gwanyang-dong, Dongan-gu, Anyang-si, Gyeonggi-do 431-060
Korea |
|
Tel |
+82-31-476-8100 |
|
Fax |
+82-31-476-0090 |
|
Other
Address-Daegu Office |
#506,
Gamsam Bldg. 495-45, Duryu 3-dong, Dalseo-gu, Daegu 704-911 Korea |
|
Tel |
+82-53-628-5224 |
|
Fax |
+82-53-628-5228 |
|
Other
Address-Daejeon Office |
143-1,
Hongdo-dong, Dong-gu, Daejeon 300-836 Korea |
|
Tel |
+82-42-622-4255 |
|
Fax |
+82-42-672-9794 |
|
Other
Address-Busan Office |
#1305,
Busan Trade Center, 87-7, Jungangdong 4-ga, Chung-gu, Busan 600-729 Korea |
|
Tel |
+82-51-461-0363 |
|
Fax |
+82-51-462-6983 |
|
Other
Address-Gangnam Office |
8Fl.
Samik Rabidol BLDG., 720-2, Yeoksam 2-dong, Gangnam-gu, Seoul 135-920 Korea |
|
Tel |
+82-2-501-4556 |
|
Fax |
|
|
Type |
Export |
|
Industry |
Manufacture of Other Basic Inorganic Chemicals |
|
Main Business |
Carbon Black, TDI, Rubber Chemical, Naphthalene |
|
Sub
Business |
Manufacture of Other Fabricated Structural Plastic Products |
|
Established (mm/dd/yyyy) |
08/05/1959 |
The Subject owns
the premises of Iksan Plant, Gunsan Plant, Gwangyang Plant,
Daejeon Plant and Gumi Plant.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Electronic Components and Supplies(32000000) |
|
Sell |
Window frames(30171900) |
|
Sell |
Polyvinyl acetate(13111045) |
|
Sell |
Organic acids or its substitutes(12352106) |
|
Sell |
Inorganic metal salts(12352302) |
|
Sell |
Inorganic hydroxides(12352305) |
|
Sell |
Inorganic compounds(12352300) |
|
Sell |
Chemicals including Bio Chemicals and Gas
Materials(12000000) |
|
Sell |
Organic derivatives and substituted
compounds(12352100) |
|
Sell |
Indicators and Reagents(12161500) |
|
Sell |
Inorganic peroxides(12352304) |
|
Sell |
Carbon black(12171603) |
|
Sell |
Phenols or its substitutes or
derivatives(12191503) |
|
Sell |
Coal tar(30121501) |
|
Sell |
Creosote(30121503) |
|
Sell |
Polyvinyl alcohol(13111042) |
|
Sell |
Pitch(30121602) |
|
Sell |
Plasticizers(12162000) |
|
Sell |
Aromatic or heterocyclic compounds(12352005) |
|
Sell |
Fuel additives(15111700) |
CEO’s
|
Name |
Lee Soo-Young |
|
Date of Birth |
09/05/1942 |
|
Title |
Chairman and CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
127,246,855,000 |
||||||||||||||||||||||||||||||
|
Employees |
2,583 |
||||||||||||||||||||||||||||||
|
Formation |
Listed Company(Korea Stock Exchange: 010060) as of 06/1976, and after changing the company name to the
present name, listed again as of 05/18/2001 Foreign Direct Investment Corporation A Company of Dong Yang Chemical Group |
||||||||||||||||||||||||||||||
|
Bank Details |
Shinhan Bank- Sogong-dong Branch 50 Sogong-dong, Chung-gu, Seoul 100-070 Korea Tel: 82-2-757-7412 Fax: 82-2-773-3734 |
||||||||||||||||||||||||||||||
|
Corporate Registered No. |
174611-0000981 |
||||||||||||||||||||||||||||||
|
Business Registered No. |
506-81-00069 |
||||||||||||||||||||||||||||||
|
Permit & Licenses |
10-1999 Pohang Plant acquires QS 9000
Certificate 10-1999 Gunsan Plant acquires ISO 9002
Certificate 12-1996 Pohang Plant acquires ISO 9002
Certificate 06-1995 Iksan Plant acquires ISO 9002 Certificate 03-1994 Pohang Plant acquires ISO 14001
Certificate Int’l Trade No.: 751809 |
||||||||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||||||||
|
Company History |
07/07/2009 Sold Ulsan Plant to HANWHA CHEMICAL CORPORATION(110111-0360935) 04/01/2009 Changed company name to the
present name from DC CHEMICAL CO., LTD. 12/2008 Sell off the shares(256,987,387:
66.75%) of Columbian Chemicals Holding LLC to One Equity Partners, L.P 08/2008 Polysilicon Long-term supply
agreement Deutsche Solar AG(Germany) Helios Technology SRL(Italy) Wafer Works Corp.(Taiwan) Motech Industries Inc.(Taiwan) Swiss Wafers AG(Switzerland) Space Energy Corp.(Japan) Wafer Works Corp.(Taiwan) Wuxi Suntech Power Co.,Ltd.(China) 07/2008 Polysilicon Long-term supply
agreement Semi-Materials Co.,Ltd(Korea) Green Energy Technology Inc.(Taiwan) Eversol Corp.(Taiwan) Nexolon Co.,Ltd(Korea) Sino-American Silicon Products Inc.(Taiwan) 05/01/2008 Spin off into three companies, DC CHEMICAL CO., LTD., DCRI CO., LTD., and WINCHE CO., LTD. 05/2008 Established DCRE Co.,Ltd. 04/2008 Polysilicon Long-term supply
agreement DC
Wafers Investments Sociedad Limitada(Spain) Wafer Works Corporation(Taiwan) Comtec Solar [Hong Kong] Limited(China) 03/2008 Polysilicon Long-term supply
agreement Space Energy Corporation(Japan) Wuxi Suntech Power(China) Green Energy Technology(Taiwan) Sino-American products Inc(Taiwan) Motech Industries(Taiwan) 03/2008 Commenced production of
Polysilicon 02/2008 Polysilicon long-term supply
agreement Yingli Green Energy(China) Deutsche Solar AG(Germany) 12/2007 Spin off Incheon Plant biz. &
PVC Window biz. 11/2007 Successful test run of Polysilicon 11/2007 Won Export Award of USD $700
million 04/2007 Polysilicon long-term supply
agreement with Evergreen Solar in the(US) 01/2007 Polysilicon long-term supply
agreement with Trina Solar Energy in(China) 09/2006 Acquired ZDC (Zhejiang DC
Chemical) 07/2006 Polysilicon long-term supply
agreement with Sunpower in the U.S. 06/2006 Launches Polysilicon Business 03/2006 Acquired Columbian Chemicals
Company |
||||||||||||||||||||||||||||||
|
Company History |
12/2005 Management Participation in Sodiff
Advanced Materials 12/2004 Gunsan Plant acquires KGS 18001 05/2004 Yongyeon Plant acquires 9001 05/2004 Yongyeon Plant acquires 14001 11/2003 Gunsan Plant acquires OHSAS 03/2003 Gumi Plant acquires ISO 9001 02/2003 Takes over the PA and DOP plants
from the Kohap company 10/2002 Gunsan Plant acquires ISO 14001 06/2002 Incheon Plant acquries ISO 9001 12/2001 Merges DC Chemical and Korea Steel
Petrochemical 10/2001 Completed construction of PC plant
in Alabama, USA 05/2001 Changes the company name to DC
Chemical Co., Ltd. 05/2001 Merges Oriental Chemical
Industries and Korea Steel Chemical 03/2000 Acquired Korea Steel Chemical and
Korea Steel Petrochemical 10/1999 Pohang Plant acquires QS 9000
Certificate 10/1999 Gunsan Plant acquires ISO 9002
Certificate 03/1997 Launches MICLOID business 12/1996 Pohang Plant acquires ISO 9002
Certificate 11/1995 Takes over Rhone-Poulenc Wyoming 06/1995 Iksan Plant acquires ISO 9002
Certificate 03/1994 Pohang Plant acquires ISO 14001
Certificate 10/1992 Launches PVC Windows business 08/1992 Launches plasticizer business 05/1992 Launches PVA business 05/1991 Launches TDI business 09/1990 Establishes OCI Enterprise Inc
(former OCI America) 06/1990 Launches BAS business 10/1989 Launches zirconium silicate
business 05/1988 Launches silica gel business 05/1987 Launches sodium sulfate business |
Detailed Information
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Lee Soo-Young |
Korean |
1942.09.05 |
IOWA University, USA |
|
Vice Chairman |
Mr. |
Kim Sang-Yeol |
Korean |
1947.12.06 |
Yonsei University, Korea |
|
President & CEO |
Mr. |
Baik Woo-Seok |
Korean |
1952.07.28 |
Yonsei University, Korea |
|
Director |
Mr. |
Lee Woo-Hyun |
Korean |
1968.02.15 |
Seogang University, MBA(Watson School),
CSFB(Hong Kong), Vice President Capital Z Partners(Seoul), Managing Director |
|
Outside Director |
Mr. |
Kim Yong-Hwan |
Korean |
1942.11.09 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Park Sun-Won |
Korean |
1948.01.09 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Choi Heung-Sik |
Korean |
1952.09.06 |
Yonsei University, Korea |
|
Outside Director |
Mr. |
Kim Jong-Shin |
Korean |
1952.02.14 |
Youngnam University, Korea |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2,741,554,652,000 |
6,004,196,161,000 |
713,280,132,000 |
|
|
2010 |
2,606,376,109,000 |
4,263,502,245,000 |
616,744,105,000 |
|
2009 |
2,101,779,381,000 |
3,364,145,519,000 |
385,347,665,000 |
|
2008 |
2,119,789,286,000 |
3,087,459,781,000 |
317,448,666,000 |
|
2007 |
1,342,691,410,000 |
2,230,409,800,000 |
135,750,688,000 |
|
2006 |
1,194,266,836,000 |
1,672,114,935,000 |
65,023,375,000 |
|
2005 |
1,097,272,005,000 |
1,493,664,565,000 |
27,101,756,000 |
|
2004 |
1,110,668,929,000 |
1,382,324,508,000 |
53,438,582,000 |
|
2003 |
947,426,823,000 |
1,395,383,634,000 |
47,646,634,000 |
(*)09/2011 ‘s figures are based on the K-IFRS Accounting System.
Financial Description
|
Authorized Capital(KRW) |
500,000,000,000 |
|
Paid-Up Capital(KRW) |
127,246,855,000 |
|
Total Issues Shares |
24,249,371 |
Balance
Sheet
|
Unit : Thousand Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
6,004,196,161 |
4,236,744,297 |
|
|
Current Assets |
2,020,754,528 |
1,081,049,173 |
|
|
Cash & Cash
Equivalents |
546,692,575 |
314,323,238 |
|
|
Current Financial
Instruments |
710,410,940 |
196,464,075 |
|
|
Trade Receivables
& Other Receivables |
439,435,419 |
360,494,412 |
|
|
Inventories |
297,960,803 |
203,816,035 |
|
|
Derivatives |
1,083,499 |
1,723,670 |
|
|
Other Current Assets |
25,171,292 |
4,227,743 |
|
|
Non-Current Assets |
3,983,441,633 |
3,155,695,124 |
|
|
Non-Current Financial
Instruments |
58,679,240 |
63,959,888 |
|
|
Investment_Related
Companies |
432,041,260 |
334,328,792 |
|
|
Long-Term Trade
Receivables & Other Receivables |
9,425,803 |
8,062,540 |
|
|
Investment_Real
Estates |
48,494,016 |
56,981,200 |
|
|
Tangibles |
3,401,290,188 |
2,663,721,460 |
|
|
Intangibles |
17,913,317 |
18,596,783 |
|
|
Deferred Income Tax
Assets |
11,475,074 |
9,742,035 |
|
|
Other Non-Current Assets |
4,122,735 |
302,426 |
|
|
Total
Liabilities |
2,576,662,743 |
2,199,174,106 |
|
|
Current Liabilities |
957,080,823 |
836,435,580 |
|
|
Other Current
Financial Debts |
115,647,140 |
150,904,906 |
|
|
Trade Payables &
Other Payables |
703,672,223 |
595,827,065 |
|
|
Derivatives |
10,124,396 |
304,004 |
|
|
Deferred Income Tax
Credit |
122,511,076 |
87,368,132 |
|
|
Other Current
Liabilities |
5,125,988 |
2,031,473 |
|
|
Non-Current Liabilities |
1,619,581,920 |
1,362,738,526 |
|
|
Non-Current Financial
Debts |
604,117,871 |
595,390,575 |
|
|
Long-Term Trade
Payables & Other Payables |
36,215,368 |
13,369,379 |
|
|
Provisions for Non-Current Liabilities |
4,927,086 |
3,645,981 |
|
|
Confirmed Salaries |
|
5,324,735 |
|
|
Other Non-Current
Debts |
974,321,595 |
745,007,856 |
|
|
Capital Stock |
127,246,855 |
121,606,450 |
|
|
Capital Surplus |
821,964,169 |
200,880,226 |
|
|
Others |
3,737,735 |
-90,604,435 |
|
|
Installments |
19,361,658 |
-9,751,616 |
|
|
Profit Surplus |
2,455,223,001 |
1,815,439,566 |
|
|
Total Equity |
3,427,533,418 |
2,037,570,191 |
|
|
Liab. &
Shareholder’s Equity |
6,004,196,161 |
4,236,744,297 |
|
|
Balance Sheet |
|||
|
Unit : Thousand Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
4,263,502,245 |
3,364,145,519 |
3,087,459,781 |
|
Current Assets |
1,080,219,384 |
928,295,625 |
895,724,223 |
|
-Quick Assets |
876,403,349 |
725,085,255 |
703,379,855 |
|
-Inventories |
203,816,035 |
203,210,370 |
192,344,368 |
|
Fixed Assets |
3,183,282,861 |
2,435,849,894 |
2,191,735,558 |
|
-Investment |
442,292,985 |
391,309,782 |
592,958,083 |
|
-Tangibles |
2,705,330,147 |
2,020,174,793 |
1,574,874,689 |
|
-Intangibles |
4,879,681 |
6,539,929 |
5,124,871 |
|
-Others |
30,780,048 |
17,825,390 |
18,777,915 |
|
Total Liabilities |
2,203,688,882 |
1,886,026,132 |
1,851,904,353 |
|
Current Liabilities |
834,095,599 |
574,467,468 |
728,061,351 |
|
Fixed Liabilities |
1,369,593,283 |
1,311,558,664 |
1,123,843,002 |
|
Capital Stock |
121,606,450 |
120,421,620 |
110,548,005 |
|
Capital Surplus |
618,594,229 |
609,277,445 |
554,423,021 |
|
Profit Surplus |
1,480,995,581 |
909,176,934 |
554,561,277 |
|
Capital Adjustment |
-161,382,897 |
-160,756,612 |
16,023,125 |
|
Total Equity |
2,059,813,363 |
1,478,119,387 |
1,235,555,428 |
|
Liab. & Shareholder’s Equity |
4,263,502,245 |
3,364,145,519 |
3,087,459,781 |
|
Current
Liabilities |
834,095,599 |
574,467,468 |
728,061,351 |
|
Trade
Payables |
105,431,199 |
93,335,362 |
105,540,066 |
|
Short-Term
Borrowings |
2,208,633 |
2,092,885 |
42,046,233 |
|
Account
Payables |
472,539,928 |
147,961,281 |
329,820,310 |
|
Advance
Receipts |
2,025,590 |
3,842,629 |
2,362,378 |
|
Withholdings |
12,123,152 |
10,263,254 |
12,099,768 |
|
Guarantee
Deposit Withhold |
74,936 |
51,723 |
82,401 |
|
Accrued
Expenses |
3,016,598 |
6,799,027 |
21,022,099 |
|
Accrued
Income Tax |
87,368,132 |
37,560,740 |
97,735,978 |
|
Derivatives |
304,004 |
12,122 |
8,129,117 |
|
Accrued
Dividends |
22,161 |
1,708,470 |
1,262,741 |
|
Current
Portion of Long-Term Debts |
148,707,614 |
273,339,844 |
107,929,997 |
|
Current
Portion of Deferred Income Tax Credit |
279,109 |
- |
- |
|
Other
Current Debts |
5,883 |
28,704 |
53,650 |
|
Fixed
Liabilities |
1,369,593,283 |
1,311,558,664 |
1,123,843,002 |
|
Debentures |
200,000,000 |
10,000,000 |
237,725,000 |
|
Long-Term
Borrowings |
396,357,663 |
533,030,277 |
138,534,121 |
|
Long-Term
Advance Receipts |
743,392,856 |
712,632,742 |
711,350,178 |
|
Leasehold
Deposit Received |
13,369,379 |
13,817,000 |
12,327,640 |
|
Provision
for Repairing Loss |
3,645,981 |
16,509,000 |
- |
|
Provision
for Severance & Retirement |
67,387,735 |
64,586,569 |
62,439,242 |
|
Deferred
Income Tax Credit |
- |
2,676,033 |
6,021,555 |
|
Other
Non-Current Debts |
1,615,000 |
4,810,799 |
4,356,000 |
Income
Statement
|
Unit : Thousand Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
2,741,554,652 |
|
|
|
Cost of Sold Goods |
1,730,538,356 |
|
|
|
Gross Profit |
1,011,016,296 |
|
|
|
Selling & Admin.
Expenses |
133,530,004 |
|
|
|
Other Operating
Income |
646,916 |
|
|
|
Other Operating
Expenses |
6,667,544 |
|
|
|
Operating Income |
871,465,664 |
|
|
|
Non-Operating Income |
-22,166,710 |
|
|
|
Finance Income |
117,275,964 |
|
|
|
Finance Expenses |
-137,734,576 |
|
|
|
Other Non-Operating
Income |
7,428,981 |
|
|
|
Other Non-Operating
Expenses |
-9,137,079 |
|
|
|
Income Before Taxes |
849,298,954 |
|
|
|
Income Taxes Expenses |
136,018,822 |
|
|
|
Net Income |
713,280,132 |
|
|
|
Income Statement |
|||
|
Unit : Thousand Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
2,606,376,109 |
2,101,779,381 |
2,119,789,286 |
|
Cost of Sold Goods |
1,736,568,977 |
1,418,180,174 |
1,403,024,636 |
|
Gross Profit |
869,807,132 |
683,599,207 |
716,764,650 |
|
Selling & Admin. Expenses |
153,245,791 |
145,716,165 |
124,317,539 |
|
Operating Income |
716,561,341 |
537,883,042 |
592,447,111 |
|
Non-Operating Income |
135,658,080 |
136,481,316 |
1,046,034,321 |
|
Non-Operating Expenses |
132,958,987 |
209,062,551 |
1,231,127,009 |
|
Ordinary Income |
719,260,434 |
465,301,807 |
407,354,423 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
719,260,434 |
465,301,807 |
407,354,423 |
|
Income Taxes Expenses |
102,516,329 |
79,954,142 |
89,905,757 |
|
Net Income |
616,744,105 |
385,347,665 |
317,448,666 |
Cash
Flows
|
Unit : Thousand Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating
Activities Cash Flows |
1,126,017,411 |
|
|
|
Cash Flows from Operating |
1,246,714,571 |
|
|
|
Interests Received |
18,694,966 |
|
|
|
Interests Paid |
-19,699,049 |
|
|
|
Dividends Received |
11,825,746 |
|
|
|
Income Taxes |
-131,518,823 |
|
|
|
Cash Flows from Investing |
-1,530,959,972 |
|
|
|
Cash Flows from Financing |
637,311,898 |
|
|
|
Increase/Decrease in Cash |
232,369,337 |
|
|
|
Cash at the Beginning of Year |
314,323,238 |
|
|
|
Cash at the End of Year |
546,692,575 |
|
|
|
Cash Flows |
|||
|
Unit : Thousand Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
865,311,872 |
506,790,821 |
1,154,473,937 |
|
-Net Income |
616,744,105 |
385,347,665 |
317,448,666 |
|
-Exp. without Cash Outflow |
287,330,548 |
271,178,227 |
1,096,157,949 |
|
-Revenue without Cash Inflows |
-49,821,664 |
-52,177,990 |
-872,820,744 |
|
-Changes in Asset/ & Liability |
11,058,883 |
-97,557,081 |
613,688,066 |
|
Cash Flows from Investing |
-803,125,986 |
-845,593,327 |
-1,433,282,281 |
|
-Cash Inflow from Investing |
747,725,803 |
757,996,005 |
42,966,190 |
|
-Cash Outflows for Investing |
-1,550,851,789 |
-1,603,589,332 |
-1,476,248,471 |
|
Cash Flows from Financing |
-103,154,572 |
344,972,689 |
591,274,875 |
|
-Cash Inflows from Financing |
226,014,747 |
563,046,063 |
1,340,414,518 |
|
-Cash Outflows from Financing |
-329,169,319 |
-218,073,374 |
-749,139,643 |
|
Increase/Decrease in Cash |
-40,968,686 |
6,170,183 |
312,466,531 |
|
Cash at the Beginning of Year |
355,291,924 |
349,121,741 |
36,655,210 |
|
Cash at the End of Year |
314,323,238 |
355,291,924 |
349,121,741 |
Products, Technologies, Services Description
|
Main Products & Services |
Inorganic Chemicals The Subject Company supplies many of the inorganic chemical products
needed by industries to produce a wide range of essential goods. Petro and Coal Chemicals The Subject Company blazed the way in the petro and coal chemicals
industries by constructing a pioneering coal tar plant in 1976. It had a new
pitch plant in 1978, a naphthalene and tar acid plant in 1979, and a carbon
black plant in 1981. These facilities led to construct its coal chemical
complex, which produces an array of chemical products by distilling
byproducts from the process of iron making, such as coal tar and light oil.
It also allowed vertical integration in our production processes of
petrochemical products, such as BTX, carbon black, phthalic anhydride,
plasticizer, TDI and PVA. It now provides many of the conveniences of
everyday life as well as core materials for such diverse industries as
automotive, construction, electric, electronic and textile. Fine Chemicals The Subject Company produces an array of chemical reagents,
agrochemicals and hexachlorophenes. It also produces specialty reagents used
in the semiconductor, organic synthesis and biochemistry fields, as well as
reagents for general analytic purposes. Recently, it developed a range of
top-quality medical ingredients to serve the rapidly growing pharmaceutical
industry. PVC Window Systems PVC window systems feature superior thermal insulation, soundproofing
and heat shielding, and are available in a variety of decorative colors. |
|
Main Products & Services |
-Inorganic Chemicals Hydrogen Peroxide Sodium Carbonate Peroxyhydrate Micloid Fumed Silica Caustic Soda Hydrochloric Acid Sodium Hypochlorite Glacial Acetic Acid Phosphoric Acid Calcium Chloride Sodium Chlorite Zirconium Silicate Soda Ash Sodium Bicarbonate Silica Sand Di-calcium Phosphate -Petro-Coal Chemicals TDI(Toluene Di-isocyanate) PVA(Poly Vinyl Alcohol) Carbon Black Pitch Naphthalene Phenol Cresol Benzene Toluene Xylene Phthalic Anhydride Maleic Anhydride Polyol Plasticizer -Fine Chemicals Chemical Reagent/Pharmaceutical Ingredients Sodium Cyanate BPMC Carbofuran Glyphosate |
Trade Partners & Competitors
|
Suppliers |
SK ENERGY CO., LTD.(110111-3710385) SK BLDG., 99, SEORIN-DONG, JONGNO-GU, SEOUL
110-728 KOREA TEL: 82-2-2121-5114 FAX: 82-2-2121-7001 INDUSTRY: PETROLEUM REFINERIES LG CHEM, LTD.(110111-2207995) 17F LG TWIN TOWER EAST ANNEX, 20,
YEOEUIDO-DONG, YEONGDEUNGPO-GU, SEOUL 150-721 KOREA TEL: 82-2-3773-5114 FAX: 82-2-3773-7933 INDUSTRY: MANUFACTURE OF BASIC ORGANIC
PETROCHEMICALS HUCHEMS FINE CHEMICAL CORPORATION(110111-2611906) 5 FL., KUKDONG BLDG., 60-1, CHUNGMURO 3-GA,
CHUNG-GU, SEOUL 100-705 KOREA TEL: 82-2-2262-0600 FAX: 82-2-2265-9381 INDUSTRY: MANUFACTURE OF ALL OTHER CHEMICAL
PRODUCTS N.E.C. POSCO(174611-0000741) 1, GOEDONG-DONG, NAM-GU, POHANG-SI, GYEONGSANGBUK-DO, KOREA TEL: +82-54-220-0114 FAX:+82-54-220-6000 INDUSTRY: MANUFACTURE OF BASIC IRON AND STEEL OCI DAS CO., LTD. ORDEG CO., LTD. DONY YANG SILICONE CO., LTD. UNID CO., LTD. ETEC E & C LIMITED UNION CO., LTD. EYANG CHEMICAL CO., LTD. SAM KWANG GLASS IND. CO., LTD. OCI CORPORATION BULLS ONE CO., LTD. OCI INFORMATION & COMMUNICATION INC. SHIN YOUNG WOOD CO., LTD. CHANGZHOU TRINA SOLAR ENERGY CO., LTD EVERGREEN SOLAR INC. |
|
Customers |
KUMHO TIRE CO., INC. KUMHO TIRE CO. LTD, 555, SOCHON-DONG,
GWANGSAN-GU, GWANGJU 506-711 KOREA TEL: 82-62-940-2241 FAX: 82-62-910-2244 INDUSTRY: MANUFACTURE OF TIRES AND TUBES OCI DAS CO., LTD. DC FERRO CO., LTD. ORDEG CO., LTD. DONY YANG SILICONE CO., LTD. UNID CO., LTD. ETEC E & C LIMITED UNION CO., LTD. EYANG CHEMICAL CO., LTD. SAM KWANG GLASS IND. CO., LTD. OCI CORPORATION BULLS ONE CO., LTD. OCI INFORMATION & COMMUNICATION INC. SHIN YOUNG WOOD CO., LTD. CHANGZHOU TRINA SOLAR ENERGY CO., LTD EVERGREEN SOLAR INC. SUNPOWER CHANGZHOU TRINA SOLAR ENERGY CO., LTD EVERGREEN SOLAR INC. NEXOLON CO.,LTD. EVERGREEN SOLAR INC. DEUTSCHE SOLAR AG. YINGLI GREEN HOLDING COMPANY LTD. MOTECH INDUSTRIES INC. SINO-AMERICAN SILICON PRODUCTS INC. GREEN ENERGY TECHNOLOGY INC. WUXI SUNTECH POWER CO., LTD. SPACE ENERGY CORPORATION COMTEC SOLAR(HONG KONG) LIMITED WAFER WORKS CORPORATION DC WAFERS INVESTMENTS SOCIEDAD LIMITADA SEMI-MATERIALS.,CO.LTD GREEN ENERGY TECHNOLOGY INC. EVERSOL CORP.,. NEXOLON CO.,CO.LTD SINO-AMERICAN SILICON PRODUCTS INC. DEUTSCHE SOLAR AG HELIOS TECHNOLOGY SRL WAFER WORKS CORPORATION MOTECH INDUSTRIES INC. SWISS WAFERS AG SPACE ENERGY CORPORATION WUXI SUNTECH POWER CO., LTD. GREEN ENERGY TECHNOLOGY INC. COMTEC SOLAR (HONG KONG) LIMITED MOTECH INDUSTRIES INC. YINGLI RENESOLA NEXOLON CO.,LTD. |
|
Competitors |
KOREA FINE CHEMICAL CO., LTD. 7F, HWAIN CHEMICAL BLDG., 190-3, CHUNGJEONGNO
2-GA, SEODAEMUN-GU, SEOUL 120-012 KOREA TEL: 82-2-3149-5300 FAX: 82-2-364-8397 BASF CO., LTD. 373-15, HWACHI-DONG, YEOSU-SI, JEONNAM-DO
555-280 KOREA TEL: 82-61-680-7000 FAX: 82-61-684-7260 KOREA CARBON BLACK CO., LTD. 350, WOLNAE-DONG, YEOSU-SI, JEONNAM-DO
555-260 KOREA TEL: 82-61-690-5114 FAX: 82-61-690-5280 INDUSTRY: MANUFACTURE OF OTHER BASIC
INORGANIC CHEMICALS AEKYUNG PETROCHEMICAL CO., LTD. MISEONG BLDG., 106-3, GURO 5-DONG, GURO-GU,
SEOUL 152-842 KOREA TEL: 82-2-850-2000 FAX: 82-2-838-8435 |
Related Parties (Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
UNION CORPORATION(110111-0200579) SAMKWANG GLASS IND CO.,LTD(110111-0079817) UNID CO.,LTD(110111-0275069) ETEC E&C LIMITED(110111-0327555) DONG YANG SILICONE COMPANY
LIMITED(110111-0586375) OCI CORPORATION(110111-1072159) OCI INFORMATION &
COMMUNICATION(110111-1443780) BULLSONE(110111-2187676) NEXOLON CO., LTD.(110111-3720673) GUNJANG ENERGY CO., LTD.(211111-0014332) ETEC INFRA CO., LTD.(120111-0467531) ORDEG.CO.,LTD.(110111-0407357) (20.0% held by the subject Company) ELPION CO., LTD.(161511-0108609) (73.73% held by the subject Company) DC-FERRO.,CO LTD(110111-2410233) (50.0% held by the subject Company) EYANG CHEMICAL CO.,LTD.(110111-0506216) (50.0% held by the subject Company) DCRE CO., LTD.(120111-0464149) (100.0% held by the subject Company) SODIFF ADVANCED MATERIALS CO., LTD.(190111-0006971) (49.10% held by the subject Company) |
|
Affiliates-Overseas |
OCI ENTERPRISES INC. OCI CHEMICAL CORP. OCI CHEMICAL EUROPE, OCI WYOMING HOLDING CO., LTD. OCI WYOMING CO., LTD. OCI WYOMING LP. CC ACQUISITION LLC CC HOLDCO (CAYMAN) CC HOLDCO (LUXEMBOURG) COLUMBIAN HUNGARY COLUMBIAN ITALY CC HOLDCO(U.K) LIMITED COLUMBIAN (U.K) LIMITED SEVALCO LIMITED COLUMBIAN JAPAN COLUMBIAN CANADA COLUMBIAN BRAZIL COLUMBIAN CHEMICALS EUROPA GMBH COLUMBIAN CARBON DEUTSCHLAND GMBH COLUMBIAN CHEMICALS COMPANY COLUMBIAN INTERNATIONAL TRADING CO. COLUMBIAN INTERNATIONAL CHEMICALS CORP. COLUMBIAN TECHNOLOGY CO. NORTH BEND COGEN LLC COLUMBIAN SPAIN COLUMBIAN HOLDING CO. ZHEJIANG DC CHEMICAL CO., LTD. SHANDONG DC CHEMICAL CO., LTD. CONFLUENCE SOLAR INC. |
|
Subsidiary |
OCI ENTERPRISE INC (89.74% held by the subject company) COLUMBIAN CHEMICAL HOLDINGS (66.75% held by the subject company) ZHEJIANG DC CHEMICAL CO., LTD (100.0% held by the subject company) KOSVIDA CO.,LTD (79.35% held by the subject company) OCI CHEMICAL CORP. OCI CHEMICAL EUROPE OCI WYOMING HOLDING CO., LTD. OCI WYOMING CO., LTD. OCI WYOMING L.P. SHANGDONG DC CHEMICAL CO., LTD. (80.0% held by the subject company) DCC(SHANGHAI)CO., LTD. |
Sales by Region (Activity &
Markets)
|
Sales/ Unit :Mil KRW |
2010 |
2009 |
2008 |
|
Export |
1,932,412 |
1,500,844 |
1,393,888 |
|
Domestic |
673,964 |
600,935 |
725,901 |
|
Total |
2,606,376 |
2,101,779 |
2,119,781 |
The Subject exports to USA, Hong Kong, China, Indonesia, Vietnam, South
America and Europe..
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/
Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
No.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.64 |
|
|
1 |
Rs.77.79 |
|
Euro |
1 |
Rs.65.04 |
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.