|
Report Date : |
15.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
UKSEUNG CHEMICAL CO., LTD. |
|
|
|
|
Registered Office : |
155-8, Hoedong-dong, Geumjeong-gu, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
17.02.1983 |
|
|
|
|
Com. Reg. No.: |
621-81-04063 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Manufacture of Inorganic Pigments and Other Metal Oxides |
|
|
|
|
No. of Employees : |
204 |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 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 |
UKSEUNG CHEMICAL CO., LTD. (Korean Company Name : 욱성화학(주)) |
|
Registered Address |
155-8, Hoedong-dong, Geumjeong-gu, |
|
Zip Code |
609-845 |
|
Tel |
+82-51-523-1515 |
|
Fax |
+82-51-529-7272 +82-51-529-6326 |
|
E-mail |
webmaster@ukseung.co.kr |
|
Website |
www.ukseung.co.kr |
|
Trading Address |
664-8, Seonggok-dong, Danwon-gu, Ansan-si,
|
|
Tel |
+82-31-433-1326~9 |
|
Fax |
+82-2-797-1509 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Inorganic Pigments and Other Metal Oxides |
|
Main Business |
Inorganic Pigment, Organic Pigment, Fluorescent Pigment, PP Compound,
Hot Melt, Electronic Materials |
|
Established (mm/dd/yyyy) |
02/17/1983 |
The Subject owns the
premises of registered HQ address.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Pigments(12171600) |
|
Name |
Kim Hak-Sun |
|
Address |
149-4, Jurye-dong,
Sasang-gu, |
|
Date of Birth |
03/24/1940 |
|
Title |
President & CEO |
|
Sex |
Female |
|
Nationality |
Korean |
|
Capital (KRW) |
3,689,370,000 |
||||||||||||||||||||||||
|
Employees |
204 |
||||||||||||||||||||||||
|
Formation |
Co., Ltd by shares |
||||||||||||||||||||||||
|
Bank Details |
Industrial Bank of Shinhan Bank Korea Exchange Bank |
||||||||||||||||||||||||
|
Corporate Registered No. |
180111-0047703 |
||||||||||||||||||||||||
|
Business Registered No. |
621-81-04063 |
||||||||||||||||||||||||
|
Permit & Licenses |
06/1985 KS Mark 11/1985 UL Mark 12/1988 UL Mark 12/2001 ISO 9002 08/2003 ISO 9001 03/24/2007 ISO 9001 Intl Trade No.: 978479 |
||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||
|
Company History |
1964 Established as UKSEUNG CHEMICAL INDUSTRIES CO. 02/17/1983 Incorporated as the present name 11/1994 Awarded US$ 10 Million Export Top
Prize 11/2003 Awarded US$ 20 Million Export Top
Prize 11/2006 Designated as an INNO-BIZ Company 08/31/2009 Spin off Electrolyte Business,
and established as PANAX ETEC CO., LTD.(180111-0685321) 08/28/2009 Decreased capital to
3,689,370,000 KRW from 3,837,310,000 KRW |
||||||||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
M/S. |
Kim Hak-Sun |
Female |
Korean |
03/29/2011 |
|
Director |
Mr. |
Sung Hwan-Cheon |
Male |
Korean |
03/29/2011 |
|
Director |
Mr. |
Chun Byung-Tae |
Male |
Korean |
03/29/2011 |
|
Auditor |
M/S. |
Park Im-Soon |
Female |
Korean |
03/29/2011 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
100,089,241,113 |
83,497,065,481 |
5,124,059,485 |
|
|
2010 |
89,747,893,726 |
81,921,116,115 |
(-)10,987,561,890 |
|
2009 |
64,778,351,144 |
84,798,092,301 |
(-)995,617,616 |
|
2008 |
58,543,542,106 |
105,220,944,351 |
107,231,636 |
|
2007 |
56,498,634,347 |
91,629,470,249 |
(-)251,297,412 |
|
2006 |
51,090,118,378 |
60,758,362,147 |
(-)1,334,899,947 |
|
2005 |
51,429,560,280 |
55,022,703,188 |
688,503,509 |
|
Authorized Capital(KRW) |
6,400,000,000 |
|
Paid-Up Capital(KRW) |
3,689,370,000 |
|
Total Issues Shares |
368,937 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
83,497,065,481 |
81,921,116,115 |
84,798,092,301 |
|
Current Assets |
40,810,449,733 |
41,724,658,299 |
54,461,611,358 |
|
-Quick Assets |
21,732,080,339 |
19,038,065,955 |
31,022,327,950 |
|
-Inventories |
19,078,369,394 |
22,686,592,344 |
23,439,283,408 |
|
Fixed Assets |
42,686,615,748 |
40,196,457,816 |
30,336,480,943 |
|
-Investment |
8,413,155,655 |
7,725,365,415 |
9,872,449,323 |
|
-Tangibles |
33,989,526,268 |
32,012,969,653 |
20,065,186,049 |
|
-Intangibles |
3,094,725 |
3,783,648 |
4,472,571 |
|
-Others |
280,839,100 |
454,339,100 |
394,373,000 |
|
Total Liabilities |
51,097,720,124 |
54,679,559,372 |
58,384,102,768 |
|
Current Liabilities |
48,367,311,278 |
52,972,217,818 |
52,382,157,516 |
|
Fixed Liabilities |
2,730,408,846 |
1,707,341,554 |
6,001,945,252 |
|
Capital Stock |
3,689,370,000 |
3,689,370,000 |
3,689,370,000 |
|
Capital Surplus |
329,801,799 |
329,801,799 |
329,801,799 |
|
Profit Surplus |
16,533,204,964 |
12,416,980,269 |
23,404,542,159 |
|
Capital Adjustment |
11,846,968,594 |
10,805,404,675 |
-1,009,724,425 |
|
Total Equity |
32,399,345,357 |
27,241,556,743 |
26,413,989,533 |
|
Liab. & Shareholders Equity |
83,497,065,481 |
81,921,116,115 |
84,798,092,301 |
|
Current
Liabilities |
48,367,311,278 |
52,972,217,818 |
52,382,157,516 |
|
Trade Payables |
4,465,683,745 |
4,710,930,596 |
10,342,354,917 |
|
Short-Term Borrowings |
37,274,567,802 |
42,096,642,270 |
35,115,078,022 |
|
Account Payables |
4,995,349,201 |
4,318,131,899 |
4,500,178,557 |
|
Accrued Expenses |
834,133,086 |
752,130,815 |
1,302,995,746 |
|
Withholdings |
92,323,490 |
79,188,370 |
80,634,431 |
|
Advance Receipts |
84,595,852 |
14,627,014 |
273,755,843 |
|
Current Portion of Long-Term Debts |
- |
218,080,000 |
767,160,000 |
|
Accrued
Income Tax |
620,658,102 |
782,486,854 |
- |
|
Fixed
Liabilities |
2,730,408,846 |
1,707,341,554 |
6,001,945,252 |
|
Long-Term Borrowings |
2,270,000,000 |
451,160,000 |
3,820,940,000 |
|
Long-Term Account Payables |
|
|
451,600,000 |
|
Provision for Severance & Retirement |
2,481,026,508 |
2,596,622,214 |
2,564,899,253 |
|
Leasehold Deposit Received |
205,000,000 |
500,000,000 |
490,000,000 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
100,089,241,113 |
89,747,893,726 |
64,778,351,144 |
|
Cost
of Sold Goods |
85,246,220,365 |
78,555,772,874 |
57,166,139,486 |
|
Gross
Profit |
14,843,020,748 |
11,192,120,852 |
7,612,211,658 |
|
Selling
& Admin. Expenses |
7,523,930,135 |
7,213,939,576 |
6,214,828,864 |
|
Operating
Income |
7,319,090,613 |
3,978,181,276 |
1,397,382,794 |
|
Non-Operating
Income |
2,800,795,871 |
2,794,582,502 |
4,336,383,194 |
|
Non-Operating
Expenses |
4,520,111,436 |
16,940,097,204 |
5,458,546,714 |
|
Income Before Taxes from Continuous
Business |
5,599,775,048 |
-10,167,333,426 |
275,219,274 |
|
Taxes from Continuous Business |
475,715,563 |
820,228,464 |
-99,084,044 |
|
Income from Continuous Business |
5,124,059,485 |
-10,987,561,890 |
374,303,318 |
|
Income from Stopped Business |
- |
- |
-1,369,920,934 |
|
Net
Income |
5,124,059,485 |
-10,987,561,890 |
-995,617,616 |
|
Unit :
Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Cash Flows
from Operating |
5,969,832,068 |
-2,305,282,674 |
-3,471,227,958 |
|
-Net Income |
5,124,059,485 |
-10,987,561,890 |
-995,617,616 |
|
-Exp.
without Cash Outflow |
3,068,528,565 |
15,086,522,889 |
4,616,437,308 |
|
-Revenue
without Cash Inflows |
-1,509,809,756 |
-1,205,254,524 |
-1,454,904,310 |
|
-Changes in
Asset/ & Liability |
-712,946,226 |
-5,198,989,149 |
-5,637,143,340 |
|
Cash Flows
from Investing |
-1,925,214,487 |
-1,202,523,739 |
-5,313,493,070 |
|
-Cash Inflow
from Investing |
9,785,273,990 |
3,198,115,943 |
4,187,873,189 |
|
-Cash
Outflows for Investing |
-11,710,488,477 |
-4,400,639,682 |
-9,501,366,259 |
|
Cash Flows
from Financing |
-3,653,232,643 |
2,901,647,811 |
8,562,166,218 |
|
-Cash
Inflows from Financing |
161,836,793,061 |
121,705,180,720 |
103,849,622,715 |
|
-Cash
Outflows from Financing |
-165,490,025,704 |
-118,803,532,909 |
-95,287,456,497 |
|
Increase/Decrease
in Cash |
391,384,938 |
-606,158,602 |
268,735,671 |
|
Cash at the
Beginning of Year |
587,875,264 |
1,194,033,866 |
1,462,769,537 |
|
Cash at the
End of Year |
979,260,202 |
587,875,264 |
1,194,033,866 |
|
Main Products & Services |
Organic Pigment Inorganic Pigment Fluorescence Polyamide Resin Polypropylene Compound Hot Melt Adhesive UV |
|
Suppliers |
BUSAN CITY GAS CO.,LTD.(180111-0039495) |
|
Customers |
PANAX ETEC CO., LTD.(180111-0685321) |
|
Competitors |
WOOSHIN PIGMENT CO., LTD. 117-4, GWANGCHEON-RI, SUNSEONG-MYEON,
DANGJIN-GUN, TEL:+82-41-352-7976 FAX:+82-41-352-2401 SAMBO FINE CHEMICALS MFG. CO., LTD. 628-2, HAKJANG-DONG, SASANG-GU, TEL:+82-51-311-3001 FAX:+82-51-323-1742 FIRST COLOR CO., LTD. 1RA-102, SIHWA INDUSTRIAL COMPLEX, 1236-1,
JEONGWANG 3-DONG, SIHEUNG-SI, TEL:+82-31-432-6900 FAX:+82-31-432-6328 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
PANAX ETEC CO., LTD.(180111-0685321) (35.83% held by the subject company) 3C CHEMICAL CO., LTD. (100.0% held by the subject company) UKSEUNG (100.0% held by the subject company) |
|
Subsidiary |
(35.83% held by the subject company) 3C CHEMICAL CO., LTD. (100.0% held by the subject company) UKSEUNG (100.0% held by the subject company) |
|
Cooperative |
-Insured Company GREEN NON-LIFE INSURANCE CO., LTD.(110111-0007082) LOTTE NON-LIFE INSURANCE CO., LTD.(110111-0014459) |
(Activity &
Markets)
|
Sales/ Unit : KRW |
2010 |
2009 |
2008 |
|
Export |
|
26,190,112,501 |
26,121,903,600 |
|
Domestic |
|
38,588,238,643 |
32,421,638,506 |
|
Total |
89,747,893,726 |
64,778,351,144 |
58,543,542,106 |
Not Available.
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.71 |
|
|
1 |
Rs.86.34 |
|
Euro |
1 |
Rs.69.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 SCs 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.