|
Report Date : |
17.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
GS CALTEX CORPORATION |
|
|
|
|
Formerly Known As : |
LG Caltex Oil
Refinery Co., Ltd. |
|
|
|
|
Registered Office : |
679, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea, GS Gangnam Tower, Zip Code 135-985 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
19.05.1967 |
|
|
|
|
Com. Reg. No.: |
116-81-19123 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Wholesale of Liquid Fuel and Related Products |
|
|
|
|
No. of Employees : |
3,190 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Exists |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company
Name |
GS CALTEX CORPORATION (Korean Company Name : “GS칼텍스(주)”) |
|
Registered
Address |
679, Yeoksam 1-dong, Gangnam-gu, |
|
Building |
GS |
|
Zip Code |
135-985 |
|
Tel |
+82-2-2005-1114 |
|
Fax |
+82-2-2005-6051 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
GS Gangnam Tower, 679, Yeoksam 1-dong,
Gangnam-gu, |
|
Tel |
+82-2-2005-1114 |
|
Fax |
+82-2-2005-6051 |
|
Other Address-Refinery and Petrochemical Complex /Yeosu Factory |
1056 Wollae-dong, Yeosu-si, Jeonnam-do
550-600 |
|
Tel |
+82-61-680-2114 |
|
Fax |
+82-61-686-3333 |
|
Other Address-Factory |
382-2 Wonchang-dong, Seo-gu, Incheon
404-210 Korea |
|
Tel |
+82-32-577-9212 ~ 3 |
|
Fax |
+82-32-577-9215 |
|
Other |
104-4 Munji-dong, Yuseong-gu, Daejeon
305-380 |
|
Tel |
+82-42-866-1616 |
|
Fax |
+82-42-863-6104 |
|
Other |
20th |
|
Tel |
+82-2-1588-5172 |
|
Fax |
+82-2-3465-5088 |
|
Other Address-Gwangju Oil Reservoir |
502 Hanam-dong, Gwangsan-gu, Gwangju
506-250 Korea |
|
Tel |
+82-62-952-5863 |
|
Other Address-Gunsan Oil Reservoir |
11-13 Soryong-dong, Gunsan-si, Jeonbuk-do
573-879 |
|
Tel |
+82-63-467-3600 |
|
Other Address-Daegu Oil Reservoir |
450 Namha-ri, Hayang-eup, Gyeongsan-si,
Gyeongbuk-do 712-906 |
|
Tel |
+82-53-353-2271 |
|
Other Address-Daejeon Oil Reservoir |
547-28 Gasuwon-dong, Seo-gu, Daejeon
302-801 |
|
Tel |
+82-42-542-0316 |
|
Other Address-Donghae Oil Reservoir |
227 Guho-dong, Donghae-si, Gangwon-do 240-230
|
|
Tel |
+82-33-521-0112 |
|
Other Address-Masan Oil Reservoir |
64-15 Sinchon-dong, Changwon-si,
Gyeongnam-do 641-370 |
|
Tel |
+82-55-264-4624 |
|
Other Address-Mokpo Oil Reservoir |
330-1 Nabul-ri, Samho-myeon, Yeongam-gun,
Jeonnam-do 526-891 |
|
Tel |
+82-61-464-5541 |
|
Other Address-Busan Oil Reservoir |
254-13 Gamman 1-dong, Nam-gu, Busan 608-803
|
|
Tel |
+82-51-640-8484 |
|
Other Address-Incheon Oil Reservoir |
97-4 Bukseong-dong 1-ga, Jung-gu, Incheon
400-201 Korea |
|
Tel |
+82-32-770-2701 |
|
Other Address-Jeonju Oil Reservoir |
173-2 Bugyo-ri, Yongji-myeon, Gimje-si,
Jeonbuk-do 576-973 |
|
Tel |
+82-63-546-8351 |
|
Type |
Export/Import |
|
Industry |
Petroleum Refineries |
|
Main Business |
Petroleum, Lubricants, Aromatics, Polypropylene, Liquefied Petroleum
Gas, Naphtha, Gasoline, Kerosene, Diesel Fuel, Polypropylene, Card Services,
Oil Station Operation Services |
|
Sub Business |
Wholesale of Liquid Fuel and Related Products |
|
Established
(mm/dd/yyyy) |
05/19/1967 |
The Subject owns
the premises of Yeosu Factory(3,825,714m2).
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Hydraulic oil(15121504) |
|
Sell |
Engine oil(15121501) |
|
Sell |
Gear oil(15121503) |
|
Sell |
Grease(15121902) |
|
Sell |
Lubricating preparations(15121500) |
|
Sell |
Kerosene(15101502) |
|
Sell |
Aviation fuel(15101504) |
|
Sell |
Liquified petroleum gas(15111510) |
|
Sell |
Benzene(15101507) |
|
Sell |
Aromatic or heterocyclic compounds(12352005) |
|
Sell |
Hydrocarbonated solvents(12191500) |
|
Sell |
Polypropylene PP(13102022) |
|
Sell |
Asphalt(30121601) |
|
Sell |
Fuel oil(15101700) |
|
Sell |
Resins(13111000) |
|
Sell |
Diesel fuel(15101505) |
|
Name |
Hur Dong-Soo |
|
Address |
717-9, Yeoksam-dong, Gangnam-gu, |
|
Date of Birth |
07/13/1943 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
260,000,000,000 |
|||||||||||||||
|
Employees |
3,190 |
|||||||||||||||
|
Formation |
Co., Ltd by shares Foreign Direct Investment Corporation A company of GS Group |
|||||||||||||||
|
Bank Details |
Korea Development Bank Hana Bank S.C. First Bank of |
|||||||||||||||
|
Corporate Registered No. |
110111-0078819 |
|||||||||||||||
|
Business Registered No. |
116-81-19123 |
|||||||||||||||
|
Permit & Licenses |
12/2003 autoOasis, ISO 9001:2000 from BSI
(UK) 11/2001 QS-9000 from DNV (Det Norske
Veritas) 03/1998 ISO14001 Int’l Trade No.: 680200 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
05/19/1967 Incorporated as Honam Oil
Refinery Co., Ltd. 10/31/1968 Registered as a Foreign Direct
Investment Corporation 11/30/1991 Awarded US$ 500 Million Export
Top Prize 05/20/1996 Changed company name to LG
Caltex Oil Refinery Co., Ltd. 10/04/1999 Moved to the present HQ address
from 20, Yeouido-dong, Yeongdeungpo-gu, 03/31/2005 Changed company name to the present name |
|||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education/Career |
|
Chairman & CEO |
Mr. |
Hur Dong-Soo |
Korean |
1943.07.13 |
Ph.D., of |
|
President & CEO |
Mr. |
Hur
Jin-Soo |
Korean |
1953.09.12 |
|
|
President & CEO |
Mr. |
Na Wan-Bae |
Korean |
1950.12.04 |
|
|
|
Mr. |
Jeon
Sang-Ho |
Korean |
1952.09.05 |
|
|
Director |
Mr. |
Seo
Kyung-Seok |
Korean |
1947.12.23 |
|
|
Director |
Mr. |
Jeon Sang-Ho |
Korean |
1952.09.05 |
- |
|
Director |
Mr. |
Curtis R. Anderson |
|
1955.12.29. |
Present, Vice President, Chevron Manufacturing, Ex. General Manager,
Chevron's |
|
Director |
Mr. |
B. T. Fish |
|
1963.10.21 |
Vice President of Chevron Global Manufacturing |
|
Director |
Mr. |
P.V. Bennett |
|
1953. 01. |
Chevron Corporation General Manager, Corporate Comptroller's |
|
Director |
Mr. |
R. D. Edwards |
|
1955.07.07 |
Country Chairman of Chevron |
|
Director |
Mr. |
P. J. Blough |
|
1957.08.17 |
Vice President of Chevron Global Gas |
|
Auditor |
Mr. |
Lim Byung-Yong |
Korean |
1962.08.29 |
|
|
Auditor |
Mr. |
Paul H. Burmeister |
|
1959.06.04 |
Senior Planning & Financial Analyst |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)03/2012 |
11,362,178,000,000 |
24,623,568,000,000 |
292,953,000,000 |
|
(*)2011 |
44,954,889,000,000 |
23,680,434,000,000 |
1,135,728,000,000 |
|
(*)2010 |
33,039,593,000,000 |
21,120,882,000,000 |
716,196,000,000 |
|
(*)2009 |
26,088,461,000,000 |
19,711,057,000,000 |
574,272,000,000 |
|
2008 |
34,424,216,000,000 |
18,390,031,000,000 |
(-)290,335,000,000 |
|
2007 |
21,468,331,000,000 |
15,230,425,000,000 |
632,020,000,000 |
|
2006 |
19,130,049,000,000 |
11,153,465,000,000 |
620,878,000,000 |
|
2005 |
16,233,864,000,000 |
9,397,161,000,000 |
728,600,000,000 |
|
2004 |
14,063,203,000,000 |
7,886,192,000,000 |
846,298,000,000 |
(*) Figures are based
on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
270,000,000,000 |
|
Paid-Up Capital(KRW) |
260,000,000,000 |
|
Total Issues Shares |
26,000,000 |
Balance
Sheet
|
|||
|
Unit : Million Korean Won |
01/01/2012~03/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
24,623,568 |
23,680,434 |
21,120,882 |
|
Current Assets |
12,918,073 |
12,032,962 |
9,575,104 |
|
Cash & Cash
Equivalents |
192,422 |
98,473 |
466,044 |
|
Trade Receivables |
4,929,978 |
4,929,852 |
3,629,183 |
|
Current Financial
Instruments |
1,015,031 |
950,108 |
733,211 |
|
Inventories |
6,163,900 |
5,463,099 |
4,365,823 |
|
Other Current Assets |
616,742 |
591,430 |
380,843 |
|
Non-Current Assets |
11,705,495 |
11,647,472 |
11,545,778 |
|
Non-Current Financial
Instruments |
586,585 |
601,178 |
737,493 |
|
Investment_Stocks |
676,278 |
675,271 |
630,353 |
|
Tangibles |
10,281,289 |
10,217,417 |
10,032,805 |
|
Investment_Real
Estates |
69,934 |
64,790 |
54,104 |
|
Intangibles |
59,696 |
57,103 |
59,309 |
|
Membership |
31,713 |
31,713 |
31,714 |
|
Total Liabilities |
16,592,669 |
15,451,541 |
13,641,415 |
|
Current Liabilities |
10,340,156 |
9,816,518 |
8,477,193 |
|
Trade Payables |
3,659,064 |
3,662,416 |
2,652,215 |
|
Other Current
Financial Debts |
6,418,167 |
5,892,228 |
5,632,324 |
|
Accrued Income Tax |
125,464 |
108,874 |
148,134 |
|
Advance Receipts |
137,461 |
153,000 |
44,520 |
|
Non-Current
Liabilities |
6,252,513 |
5,635,023 |
5,164,222 |
|
Other Non-Current Financial
Debts |
5,812,908 |
5,229,485 |
4,969,802 |
|
Confirmed Salaries |
49,632 |
50,013 |
31,242 |
|
Deferred Income Tax
Credit |
262,786 |
224,427 |
26,459 |
|
Other Non-Current
Liabilities |
127,187 |
131,098 |
136,719 |
|
Capital Stock |
260,000 |
260,000 |
260,000 |
|
Capital Surplus |
66,261 |
66,261 |
66,261 |
|
Capital Adjustment |
-645 |
-645 |
|
|
Others |
26,884 |
20,595 |
21,224 |
|
Profit Surplus |
7,678,399 |
7,882,682 |
7,131,982 |
|
Total Equity |
8,030,899 |
8,228,893 |
7,479,467 |
|
Liab. &
Shareholder’s Equity |
24,623,568 |
23,680,434 |
21,120,882 |
Income
Statement
|
|||
|
Unit : Million Korean Won |
01/01/2012~03/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
11,362,178 |
44,954,889 |
33,039,593 |
|
Other
Operating Income |
21,215 |
192,612 |
150,440 |
|
Cost
of Sold Goods |
-10,768,021 |
-42,095,125 |
-31,111,675 |
|
Selling
& Admin. Expenses |
-244,249 |
-977,278 |
-827,054 |
|
Other
Operating Expenses |
-52,651 |
-227,830 |
-205,679 |
|
Operating
Income |
318,472 |
1,847,268 |
1,045,625 |
|
Non-Operating
Income |
401,496 |
1,587,494 |
1,648,594 |
|
Finance
Expenses |
-374,882 |
-1,903,942 |
-1,878,040 |
|
Other
Non-Operating Income |
859 |
-25,350 |
4,212 |
|
Income
Before Taxes |
345,945 |
1,505,470 |
820,391 |
|
Income
Taxes Expenses |
-52,992 |
-369,742 |
-104,195 |
|
Net
Income |
292,953 |
1,135,728 |
716,196 |
Cash
Flows
|
|||
|
Unit : Million Korean Won |
01/01/2012~03/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Cash Flows from Operating |
-466,418 |
349,228 |
-416,457 |
|
-Net Income |
292,953 |
1,135,728 |
716,196 |
|
-Exp. without Cash Outflow |
390,915 |
1,523,301 |
1,066,481 |
|
-Revenue without Cash Inflows |
-203,496 |
-273,532 |
-306,113 |
|
-Changes in Asset/ & Liability |
-946,790 |
-2,036,269 |
-1,893,021 |
|
Cash Flows from Investing |
-175,328 |
-643,071 |
-928,519 |
|
-Cash Inflow from Investing |
21,316 |
244,392 |
220,213 |
|
-Cash Outflows for Investing |
-196,644 |
-887,463 |
-1,148,732 |
|
Cash Flows from Financing |
735,695 |
-73,728 |
902,667 |
|
-Cash Inflows from Financing |
1,634,162 |
1,653,650 |
1,758,178 |
|
-Cash Outflows from Financing |
-898,467 |
-1,727,378 |
-855,511 |
|
Increase/Decrease in Cash |
93,949 |
-367,571 |
-442,309 |
|
Cash at the Beginning of Year |
98,473 |
466,044 |
908,353 |
|
Cash at the End of Year |
192,422 |
98,473 |
466,044 |
|
Main Products & Services |
Petroleum
Business The Subject
Company has crude oil refining facilities with a capacity of 650,000 barrels
a day, and provides a stable supply of oil products to the nation. With
Residue Fluid Catalytic Cracking Units designed to crack 90,000 barrels of
bunker C oil a day to produce high-valued products such as gasoline,
kerosene, and diesel, as well as advanced facilities such as those designed
to desulfurize 190,000 barrels of kerosene and diesel a day, GS Caltex
proactively responds to the rapidly changing market environment. Additionally, The
Subject Company operate about 3,000 gas stations and about 300 gas filling
stations nationwide. In 1996 The Subject Company opened Petrochemicals
Business The Subject
Company vigorously advanced into the petrochemical industry, as the company
established plants within its Yeosu Plant Complex to produce polypropylene in
1988, and paraxylene and aromatics in 1990, respectively. The Subject
Company began its aromatics business with the construction of a plant to
produce 200,000 tons of paraxylene and 300,000 tons of aromatics a year in
April 1990. Investments in the business have continued in order to keep up
with rapidly changing market situations. In April 2003,
the Company completed the construction of its third paraxylene unit with a
production capacity of 350,000 tons by employing MTPX technology, an advanced
technology developed by Exxon-Mobil. The Company's total aromatics production
capacity is 2,200,000 tons including 1,200,000 tons of paraxylene, 770,000
tons of benzene annually. This is the world's largest aromatics plant as
single site. Also,
polypropylene business, the other part of petrochemical group, was launched
in 1988, with the introduction of the Dow Chemical Company's Unipol process
of fluidized bed-based vapor-phase polymerization, which allowed the
production and supply of the finest-quality polypropylene. The Subject
Company is now capable of producing 180,000 tons of polypropylene a year.
Since 2001, The Subject Company has been producing the entire volume of
propylene, the raw material for polypropylene, from the Residue Fluid
Catalytic Cracking (RFCC) Unit process. |
|
Main Products & Services |
LNG and City Gas
Business The Subject
Company is moving to become a total energy service provider by adding an
environmentally friendly LNG and city gas business to its traditional
petroleum and electric power businesses. To this end, The Subject Company is
preparing to construct an LNG Terminal and to conclude LNG import agreements
to push ahead with the business of directly importing LNG, as approved by the
Ministry of Commerce, Industry and Energy. Through these efforts, after 2008,
The Subject Company will supply LNG for own-use in oil refining utilities in
Yeosu Complex, and in generating electric power in GS Power and GS EPS. Also, The Subject
Company has taken over Haeyang City Gas Co., Ltd. and Seorabeol City Gas Co.,
Ltd. to secure a base for the LNG business, and have formed strategic
alliances with Kyungnam Energy Co., Ltd. and Kangnam City Gas Co., Ltd., thus
securing a stable demand. Alongside this, we are striving to maximize
synergies of the LNG business through the established GS EPS Co., Ltd. and GS
Power Co., Ltd. which use LNG as fuel. Electric Power
Business The Subject
Company is conducting business in the electric power sector as well as taking
steps towards its goal of becoming a total energy service provider through
diversification of its core energy business. In line with the government's
strategy to introduce and expand private power generation, GS EPS was
established as the first private power generation company in October 1996,
with the operation of a 500,000 kw LNG combined-cycle power plant. Additionally, GS
Power Co., Ltd., was established in September 2000, and took over and
continued operation of a 950,000 kw combined heat and power plant and
district heating facilities in the Currently, The
Subject Company uses clean energy technology, LNG, to efficiently operate a
combined-cycle power plant with a total capacity of 1.45 million kw and
district heating supply facilities, which play a central role in supplying
electric power to the national capital region. The Subject
Company also operates stable and efficient district heating facilities to
supply an economic heating service to new towns in |
|
Main Products & Services |
Exploration and
Production The Subject
Company first entered into the exploration and production business in 2003 by
acquiring a 15% participating interest in the exploration and development
project of Cambodia Block A Area, located on the west coast of Cambodia. The Subject
Company and its partners, Chevron and Mitsui, discovered oil in five
exploration wells during the drilling campaign from October 2004 to February
2005. Oil pay logged in the wells ranges from 41 feet to 139 feet and the
analysis of samples indicates the oil is a medium gravity, 44 degree API
crude. New and Renewable
Energy The Subject
Company has been striving to New and Renewable Energy, including fuel cell
technologies, since 1989. Its Value Creation Center is developing fuel cell
technologies in conjunction with its subsidiary fuel cell specialist GS
FuelCell co., Ltd, established in November 2000. After three years
of research and development efforts, in April 2004 GS FuelCell developed a
high efficiency and compact polymer electrolyte membrane fuel cell(PEMFC) for
home(residential power generator) with a capacity of 1kW and using city gas
as fuel. |
|
Production Capacity |
Refined Oil Products: 223,469 Thousand
Barrel Aromatic Products: 1,810 Thousand Ton PP Products: 169 Thousand Ton |
|
Suppliers |
CHEVRON GLOBAL ENERGY INC. CHEVRON U.S.A. INC. GS CALTEX SINGAPORE PTE, LTD. KOC CO., LTD. 1/F WONDUCK BLDG., 681-9, JAKJEON-DONG,
GYEYANG-GU, INCHEON 407-060 KOREA TEL 82-32-505-2588 FAX 82-32-505-2586 INDUSTRY: MANUFACTURE OF FILTERING OR
PURIFYING MACHINERY FOR LIQUIDS OR OILS HYUNDAI OILBANK CO., LTD. 640-6, DAEJUK-RI, DAESAN-EUP, SEOSAN-SI,
CHUNGNAM-DO 356-874 KOREA TEL:+82-2-2004-3000 FAX:+82-2-2004-3020 INDUSTRY: PETROLEUM REFINERIES E1 CO., LTD. 13FL., ASEM TOWER, 159-1, SAMSEONG 1-DONG,
KANGNAM-GU, SEOUL 135-798 KOREA TEL:+82-2-3441-4114 FAX:+82-2-3441-4119 INDUSTRY: WHOLESALE OF GASEOUS FUEL AND
RELATED PRODUCTS KOREA TELECOM POWERTEL CO., LTD. 19 FL. KT INFORMATION CENTER, 924,
MOK-DONG, YANGCHEON-GU, SEOUL 158-050 KOREA TEL:+82-2-2166-0130 FAX:+82-2-2062-2471 INDUSTRY: MOBILE TELEPHONE SERVICES SEYANG SHIPPING CO., LTD. 13TH FL., JANGGYO BLDG., 1, JANGGYO-DONG,
JUNG-GU, SEOUL 100-220 KOREA TEL:+82-2-3706-6900 FAX:+82-2-3706-6997 INDUSTRY: OCEANGOING FOREIGN FREIGHT
TRANSPORT KAEL CO., LTD. 1690-2, SINIL-DONG, DAEDEOK-GU, DAEJEON
306-230 KOREA TEL:+82-42-931-6287 FAX:+82-42-931-9190 INDUSTRY: MANUFACTURE OF FILTERING OR
PURIFYING MACHINERY FOR AIR OR GASES HANWHA L&C CORP. 14TH FL., HANWHA BLDG., 1, JANGGYO-DONG,
JUNG-GU, SEOUL 100-797 KOREA TEL:+82-2-729-1114 FAX:+82-2-729-1461 INDUSTRY: MANUFACTURE OF WALL AND FLOOR
COVERINGS OF PLASTICS |
|
Customers |
GS POWER (134111-0074744) HAEYANG CITY GAS. CO., LTD (200111-0004906) SAMYANG INTERNATIONAL CO., LTD. SYNGENTA KOREA LTD. 642, SEOGAM-DONG, IKSAN-SI, JEONBUK-DO
570-330 KOREA TEL:+82-63-830-5800 FAX:+82-63-832-3677 INDUSTRY: MANUFACTURE OF AGRICULTURAL
CHEMICAL PRODUCTS PLUMB FAST CO., LTD. 318, JUNG-DONG, DONG-GU, DAEJEON 300-160
KOREA TEL:+82-41-865-9681 FAX:+82-41-865-9188 INDUSTRY: MANUFACTURE OF PLASTIC BARS,
PIPES, TUBES AND HOSES HANWHA L&C CORP. 14TH FL., HANWHA BLDG., 1, JANGGYO-DONG,
JUNG-GU, SEOUL 100-797 KOREA TEL:+82-2-729-1114 FAX:+82-2-729-1461 INDUSTRY: MANUFACTURE OF WALL AND FLOOR
COVERINGS OF PLASTICS |
|
Competitors |
S-OIL CORPORATION 45TH FL., KOREA LIFE INSURANCE 63 BLDG.,
60, YEOEUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-3772-5151 FAX:+82-2-786-4030 SK ENERGY CO., LTD. SK BLDG., 99, SEORIN-DONG, JONGNO-GU,
SEOUL, KOREA TEL:+82-2-2121-5114 FAX:+82-2-2121-7001 HYUNDAI OILBANK CO., LTD. 640-6. DAEJUK-RI, DAESAN-EUP, SEOSAN-SI,
CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-660-5114 FAX:+82-41-660-5111 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
GS POWER (134111-0074744) HAEYANG CITY GAS. CO., LTD (200111-0004906) SEORABEOL CITY GAS CO.,LTD (171211-0024180) GS FUELCELL CO.LTD. (160111-0108202) GS RETAIL (110111-0090037) GS WATSONS CO., LTD.(110111-3136474) KOREA CABLE TV ULSAN STATION
(181211-0045481) GS TELESERVICE (110111-2618192) GS SPORTS.LTD (110111-3024330) HAMOO DEVELOMET CO., LTD (110111-0411142) XI SERVICE (110111-3141720) SAMYANG INT'L CO., LTD. (110111-0424848) BOHEUN DEVELOPMENT CO., LTD.
(110111-1557573) OKSAN DISTRIBUTION (110111-1426108) SM CO., LTD (110111-1308124) GS NEOTEK (110111-0166953) EZVILLE, INC. (110111-1934557) CENTRAL MOTORS CORP. (131111-0101912) SUNGSAN GROUP CORPORATION (110111-0110653) SUNGSAN LEISURE INC (141111-0022893) WINASSET CO., LTD.(110111-0720832) COSMO FINE CHEMICALS
CO.,LTD.(110111-0531205) COSMO INDUSTRIAL CO.LTD (150111-0077722) SMARTRO CO.,LTD (110111-1536189) COSMO & COMPANY CO., LTD.
(110111-0298243) COSMO CORPORATION CO., LTD.(110111-2559354) LANDMARK ASIA, INC. (110111-2219411) COSMO LEPORTS CO., LTD.(110111-1883473) COSMOS NF CO., LTD.(110111-2431809) MARUMAN KOREA (131111-0093953) ESTECH ESTIMATE CORP.(110111-3253583) NEXTATION.CO.,LTD. (110111-2123571) UIJEONGBU LIGHT RAIL TRANSIT CO., LTD
(280111-0071743) STSLOGISTICS INC. (110111-1999197) GS EPS CO., LTD.(165011-0004621) KANGNAM CABLE SYSTEM INC. (110111-1009780) ITMEXSYI (110111-3451731) GLS SERVICE CORP. (110111-3532846) AMCO LTD.(110111-3593252) FRESH SERVE CO., LTD(110111-3646738) GCS PLUS CO., LTD.(140111-0033487) NURICELL CO., LTD.(110111-2089062) SEOUL MUNSAN EXPRESSWAY CO.,
LTD.(110111-3809344) ULSAN GREEN CO., LTD.(110111-3812636) BSM CO., LTD.(135511-0187118) CORONA(131411-0167645) DAUM ONKET(110111-3127209) GS NETVISION CO., LTD.(110111-3862897) GS PARK 24 CO., LTD.(110111-3413880) DONGBO INT.CO., LTD.(110111-2619752) GS ASSET MANAGEMENT CO.,
LTD.(110111-3934670) |
|
Affiliates-Overseas |
GS CALTEX
SINGAPORE PTE. SINGAPORE LADERA CO.
LTD. USA GS E&C
ITALY S.R.L ITALY GS E&C
(NANJING) CO. LTD. CHINA GS E&C
POLAND SP.ZO.O POLAND CHONGQING GS
SHOPPING INC. CHINA SAMHO CO.
LTD. VIETNAM SAMMA CORP. PHILLIPPINES SAMYANG
LEATHER CHINA FARWEST
STEEL CO. USA COSMO
PLASTIC PIPE CHINA GS AROMATICS
PTE. SINGAPORE LIDONG
CHEMICAL CO. LTD. CHINA GS-HP
SUNFLOWER INTERNATIONAL VILLAGE CORP. VIETNAM LANDMARK
GLOBAL INC. USA WESTERN
COATING INC. USA QINGDAO
LIXING LOGISTICS CO., LTD. CHINA GS E&C
THAI CO. LTD THAILAND BEIJING SC
MOTOR PARTS CHINA FRONTIER
NEMTWO MALAYSIA FRONTIER
WOKAM MALAYSIA GS CALTEX CHINA GS E&C
MEXICO, S.A.DEC.V. MEXICO GS E&C
INDIA PRIVATE LTD. INDIA GS CALTEX CHINA |
|
Joint Venture |
CAMBODIA BLOCK A (15.0% held by the subject company) WEST KAMCHATKA SHELF AREA (4.0% held by the subject company) THAILAND SHELF AREA (30% held by the subject company) |
|
Subsidiary |
AMCO (100% held by the subject company) NEXTATION CO.,LTD. (110111-2123571) (99.27% held
by the subject company) GS CALTEX QUINGDAO CO., LTD.(CHINA) (100% held by the subject company) GS CALTEX SINGAPORE PTE., LTD. (100.0% held by the subject company) SEORABEOL CITY GAS CO.,LTD (171211-0024180) (100.0% held by the subject company) GS POWER CO., LTD.(134111-0074744) (100.0% held by the subject company) HAEYANG CITY GAS. CO., LTD (200111-0004906) (100.0% held by the subject company) BNC CORPORATION(154311-0009826) (100.0% held by the subject company) GS PARK 24 CO., LTD.(110111-3413880) (50.0% held by the subject company) |
|
Corporate Ownership |
GS HOLDINGS CORP.(110111-3045112) CHEVRON (OVERSEAS) HOLDINGS LTD. CHEVRON GLOBAL ENERGY INC. |
|
Major Shareholders |
GS HOLDINGS CORP.(110111-3045112) CHEVRON (OVERSEAS) HOLDINGS LTD. CHEVRON GLOBAL ENERGY INC. |
|
Cooperative Enterprise |
-Insured Company LIG INSURANCE CO., LTD.(110111-0017859) -Agreement for Procedure License with AXENS CD TECH TEXACO/HTAS STRATCO U.S.A. MONSANTO CHEVRON LUMMUS GLOBAL, LLC UOP/HTAS NIKKI-UNIVERSAL(UOP JAPAN) GTC INC. U.S.A EXXONMOBIL GTC INC. U.S.A |
(Activity & Markets)
|
Sales/ Unit :Mil KRW |
03/2012 |
2011 |
2010 |
|
Export |
7,677,787 |
30,200,031 |
19,715,229 |
|
Domestic |
7,677,787 |
17,746,231 |
15,600,548 |
|
Total |
12,448,583 |
47,946,262 |
35,315,777 |
The Subject deals with the companies in USA, China, Oman, Saudi Arabia
and Indonesia.
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
Seoul District Court |
Customers |
The Subject Company |
Leaking the Customers’ Private Information |
51,048,000,000 |
Proceeding |
|
|
Supreme Court |
The Ministry of Defense, Korea |
The Subject Company |
- |
46,500,000,000 |
3rd Round is proceeding. |
There are 39 cases filed as Defendant(s)/ Debtor(s)/ Respondent(s) on
releasing Customers’ Private Information amounting 51,048,000,000 KRW.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.92 |
|
UK Pound |
1 |
Rs.85.47 |
|
Euro |
1 |
Rs.67.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.