MIRA INFORM REPORT

 

Report Date :           

03.03.2012

 

IDENTIFICATION DETAILS

 

Name :

JISAN CHEMICAL CO., LTD.

 

 

Formerly Known As :

KT CHEM CO.

 

 

Registered Office :

77-9, Mullaedong 3-ga, Yeongdeungpo-gu, Seoul, Korea, Rm. 307, Mega Venture Tower, Zip Code 150-836

 

 

Country :

South korea

 

 

Date of Incorporation :

30.04.2002

 

 

Com. Reg. No.:

107-86-16923

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Wholesale of Other Chemical Materials and Chemical Products

 

 

No. of Employees :

5 Persons

 

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 :

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

JISAN CHEMICAL CO., LTD.

(Korean Company Name : “지산화학(주)”)

Registered Address

77-9, Mullaedong 3-ga, Yeongdeungpo-gu, Seoul, Korea

Building

Rm. 307, Mega Venture Tower

Zip Code

150-836

Tel

+82-2-2678-8257

Fax

+82-2-6747-8257

E-mail

sylee@jisanchem.com;yschoi@jisanchem.com

Website

www.jisanchem.com

Trading Address

Rm. 307, Mega Venture Tower, 77-9, Mullaedong 3-ga, Yeongdeungpo-gu, Seoul, Korea

Tel

+82-2-2678-8257

Fax

+82-2-6747-8257

Type

Export/Import

Industry

Wholesale of Other Chemical Materials and Chemical Products

  Main Business

Epoxy Resin, Phenol, Onemide Resin

Established (mm/dd/yyyy)

04/30/2002

The Subject Company occupies the premises of registered HQ address by leasing base.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Epoxy(13111001)

Sell

Curing agents(12162300)

Sell

Resins(13111000)

Sell

Phenols or its substitutes or derivatives(12191503)

 

 

CEO’s

 

Name

Lee Sang-Yeoul

Address

Suite 101-1606, 1278, Sinjeong-dong, Yangcheon-gu, Seoul, Korea

Date of Birth

02/19/1961

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

615,000,000

Employees

5

Formation

Co., Ltd by shares

Bank Details

Hana Bank-Munrae Dong Branch

Corporate Registered No.

110111-2511768

Business Registered No.

107-86-16923

Permit & Licenses

Int’l Trade No.: 30271063

Shareholder Position

N/A

Company History

12/2001 Established as KT CHEM CO.

04/30/2002 Incorporated as the present name

12/24/2004 Increased the authorized shares to 1,000,000 shares from 40,000 shares

12/30/2008 Increased capital to 450,000,000 KRW from 300,000,000 KRW

02/12/2009 Moved to the present HQ address from 2, Mullae-dong 5-ga, Yeongdeungpo-gu, Seoul, Korea

12/30/2009 Increased capital to 615,000,000 KRW from 450,000,000 KRW

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Lee Sang-Yeoul

Male

Korean

04/19/2004

Director

Mr.

Lee Jae-Il

Male

Korean

07/11/2011

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

33,880,000,000

8,982,000,000

846,000,000

2009

22,906,000,000

7,935,000,000

586,000,000

2008

19,800,000,000

4,241,000,000

491,000,000

2007

7,935,000,000

4,106,000,000

244,000,000

2006

11,187,000,000

2,896,000,000

205,000,000

2005

9,500,000,000

1,589,000,000

68,000,000

2004

6,589,557,430

1,162,044,302

71,775,557

2003

2,136,679,380

320,628,829

23,436,736

The 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)

5,000,000,000

Paid-Up Capital(KRW)

615,000,000

Total Issued Shares

123,000

 

Products, Technologies, Services Description

 

Main Products & Services

Phenol

Solvent

Epoxy Resins

Curing Agent

Polymeric MDI

Synthetic Resin(PPG)

 

 

Trade Partners & Competitors

 

Suppliers

KOREA KUMHO PETRO CHEMICAL CO.,LTD.(110111-0205975)

BASF COMPANY LIMITED(110111-0600860)

Competitors

WE INTERNATIONAL CO., LTD.

RM. 1402, BYEOKSAN GWANGHWAMUN SIDAE OFFICETEL, 74, NAESU-DONG, JONGNO-GU, SEOUL, KOREA

TEL:+82-2-2195-4281~3  FAX:+82-2-2185-4280

 

WITH CHEM CO., LTD.

78-2, SAJIK 2-DONG, DONGNAE-GU, BUSAN, KOREA

TEL:+82-51-506-1112  FAX:+82-51-506-9565

 

CHANG RIM CO., LTD.

605, DAECHEON-DONG, DALSEO-GU, DAEGU, KOREA

TEL:+82-53-581-2101  FAX:+82-53-582-2001

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in China and India.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.35

UK Pound

1

Rs.78.68

Euro

1

Rs.65.63

 

 

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.