MIRA INFORM REPORT

 

 

Report Date :

28.09.2012

 

IDENTIFICATION DETAILS

 

Name :

SKC CO., LTD.

 

 

Registered Office :

633, Jeongja 1-dong, Jangan-gu, Suwon-si, Gyeonggi-do, Korea

 

 

Country :

South Korea

 

 

Financials (as on) :

30.06.2012

 

 

Date of Incorporation :

16.07.1973

 

 

Com. Reg. No.:

135-81-01250

 

 

Legal Form :

Listed Company

 

 

Line of Business :

Manufacture of Magnetic and optical Medium

 

 

No. of Employees :

1,325

 

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

South Korea

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

SOUTH KOREA - ECONOMIC OVERVIEW

 

South Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies, and currently is among the world's 20 largest economies. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea''s development model including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. With the global economic downturn in late 2008, South Korean GDP growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to recover, in large part due to export growth, low interest rates, and an expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade Agreement was ratified by both governments and is projected to go into effect in early 2012. The South Korean economy''s long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports - which comprise half of GDP

Source : CIA

Basic

 

Company Name

SKC CO., LTD.

(Korean Company Name : “에스케이씨(주)”)

Registered Address

633, Jeongja 1-dong, Jangan-gu, Suwon-si, Gyeonggi-do, Korea

Zip Code

440-840

Tel

+82-31-250-7114

Fax

+82-31-250-7000

E-mail

webmaster@mail.skc.co.kr;kyhlee@mail.skc.co.kr

Website

www.skc.co.kr

Trading Address

Kyobo Tower, 1303-22, Seocho 4-dong, Seocho-gu, Seoul 137-070, Korea

Tel

+82-2-3787-1234

Fax

+82-2-537-3216

Other Address-Central R&D Center

911, Jeongja-dong, Jangan-gu, Suwon-si, Gyeonggi-do, Korea

Tel

 +82-31-240-0114

Fax

+82-31-247-9303

Other Address-Ulsan Factory

55, Gosa-dong, Nam-gu, Ulsan, Korea

Tel

+82-52-278-5151

Fax

+82-52-278-5544

Other Address-Jincheon Factory

586-1, Nowon-ri, Iwol-myeon, Jincheon-gun, Chungcheongbuk-do, Korea

Tel

+82-43-539-4511

Fax

+82-43-539-4649

Other Address-Gueui Sales Office

C100, 8th Fl., Techno Mart, 546-4, Gueui-dong, Gwangjin-gu, Seoul, Korea

Tel

+82-2-3787-3691

Type

Export

Industry

Manufacture of Magnetic and optical Medium

  Main Business

Polyethylene Terephthalate Film, Polyimide Film, Video Tape, Hand Set, Display Material, PO, PG, Polyol

  Sub Business

 

Established (mm/dd/yyyy)

07/16/1973

The Subject owns the premises of registered HQ address, Ulsan Factory, Jincheon Factory and Gueui Sales Office.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Blank video tapes(45131604)

Sell

Compact disks CDs(43202001)

Sell

Digital versatile disks DVDs(43202003)

Sell

Lacquers(31211703)

Sell

Smart cards(32101617)

Sell

Printer ribbon(44103112)

Sell

Electronic filters(40161512)

Sell

Chemistry reagents or solutions(41116105)

Sell

Light emitting diodes LEDs(32111503)

Sell

Alcohols or its substitutes(12352104)

Sell

Polystyrene PS(13102026)

Sell

Polyester films(13111210)

Sell

Films(13111200)

Sell

Drafting films(44111802)

Sell

Printing accessories(45101700)

Sell

Transparency film(44103118)

 

 

CEO’s

 

Name

Park Jang-Suk

Address

 

Date of Birth

07/03/1955

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

181,075,315,000

Employees

1,325

Formation

Listed Company (Korea Stock Exchange : 011790) as of 07/18/1997

A Company of SK GROUP

Foreign Direct Investment Corporation

Bank Details

Korea Exchange Bank-Sales Dept.

Korea Development Bank

Corporate Registered No.

130111-0001585

Business Registered No.

135-81-01250

Permit & Licenses

06/1993 ISO 9002(Film) by LRQA

06/1995 ISO 9001 by LRQA

10/1996 ISO 9002 by LRQA

12/1998 ISO 9001(Film) by LRQA

12/2000 ISO 14001 (Suwon Factory)

11/2002 ISO 9001

 

Int’l Trade No.: 791395

Shareholder Position

Name

Shares

%

SK HOLDINGS CO., LTD.(110111-0022816)

15,390,000

42.50

NATIONAL PENSION SERVICE(110171-0007134)

3,015,394

8.33

CHOY JAE-WON

98,955

0.27

CHOY SHIN-WON

1,287,051

3.55

PARK JANG-SUK

64,589

0.18

KOREA HIGH EDUCATION FOUNDATION(114622-0000613)

91,636

0.25

TREASURY STOCK

288,873

0.80

OTHERS

15,978,565

44.12

TOTAL

36,215,063

100.00

Company History

07/16/1973 Incorporated as Sunkyoung Oil Co., Ltd.

12/1976 Changed company name to Sunkyoung Chemicals Ltd.

01/1987 Changed company name to the present name

 

 

 

 

Detailed Information

 

Management

 

Job Description

Title

Name

Nationality

Date of Birth

Education

Chairman & CEO

Mr.

Choy Shin-Won

Korean

1952.11.20

Brandeis University

President & CEO

Mr.

Park Jang-Suk

Korean

1955.07.03

Stevens University

Outside Director

Mr.

Park Sang-Soo

Korean

1954.02.10

Seoul National University

Outside Director

Mr.

Hur Shin

Korean

1949.12.03

Seoul National University

Outside Director

Mr.

Seo Suk-Ho

Korean

1960.09.08

Seoul National University

Outside Director

Mr.

Shin Hwang-Ho

Korean

1946.12.25

Sungkyunkwan University

Sr. Executive Director

Mr.

Lee Hae-Jung

Korean

1956.11.10

Sungkyunkwan University

Executive Director

Mr.

Ahn Hee-Joon

Korean

1959.06.27

Korea University

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

(*)06/2012

890,281,275,747

2,429,632,880,360

61,317,022,723

(*)2011

1,687,461,200,741

2,252,726,086,415

139,263,040,594

(*)2010

1,465,137,067,239

2,001,352,834,003

94,271,652,448

2009

1,207,891,306,000

1,786,275,351,000

10,317,276,000

2008

1,018,550,425,000

1,953,737,108,000

10,189,178,000

2007

848,059,002,000

1,485,840,322,000

78,457,061,000

2006

1,021,989,132,000

1,358,873,189,000

102,263,918,000

2005

1,409,023,730,000

1,348,452,446,000

24,545,677,000

2004

1,326,276,348,000

1,438,068,679,000

53,128,474,000

2003

1,331,344,373,000

1,517,811,836,000

27,370,129,000

(*)Figures are based on the K-IFRS Accounting System.

 

Financial Description

 

Authorized Capital(KRW)

440,000,000,000

Paid-Up Capital(KRW)

181,075,315,000

Total Issues Shares

36,215,063

 

 

 

Balance Sheet

 

Unit : Korean Won

01/01/2012~06/30/2012

As of 12/31/2011

As of 12/31/2010

Total Assets

2,429,632,880,360

2,252,726,086,415

2,001,352,834,003

Current Assets

473,650,776,270

460,919,756,810

357,745,952,351

Trade Receivables

238,167,174,869

225,005,291,555

205,264,621,075

Other Receivables

12,473,636,611

12,203,481,899

4,392,866,441

Derivatives

295,499,860

107,818,670

395,800,488

Other Current Assets

41,721,303,792

14,644,617,655

21,775,829,546

Inventories

169,322,759,466

178,896,384,455

116,047,309,428

Cash & Cash Equivalents

11,670,401,672

30,062,162,576

9,869,525,373

Non-Current Assets

1,955,982,104,090

1,791,806,329,605

1,643,606,881,652

Tangibles

1,308,083,457,194

1,152,504,011,293

993,153,210,862

Intangibles

28,380,110,556

25,210,827,990

22,351,699,859

Investment_Real Estates

119,811,922,166

120,134,408,079

122,369,209,449

Non-Current Financial Instruments

37,500,000

37,500,000

37,500,000

Investment_Related Companies

460,762,683,476

450,775,222,811

391,403,730,654

Marketable Financial Instruments

34,439,871,015

38,998,101,407

110,711,933,117

Other Non-Current Receivables

4,466,559,683

4,146,258,025

2,655,092,711

Other Non-Current Assets

　

　

924,505,000

Total Liabilities

1,282,853,500,206

1,150,046,909,212

981,850,371,435

Current Liabilities

507,450,689,302

421,018,768,228

472,246,770,684

Trade Receivables

137,348,475,524

129,798,394,315

129,969,396,191

Other Receivables

68,212,684,937

79,476,059,624

63,900,438,772

Short-Term Borrowings

287,217,022,255

190,872,674,788

258,459,401,858

Derivatives

87,386,604

221,813,017

1,153,767,846

Other Current Liabilities

13,411,374,699

19,973,853,738

17,984,091,963

Provisions

1,173,745,283

675,972,746

779,674,054

Non-Current Liabilities

775,402,810,904

729,028,140,984

509,603,600,751

Other Long-Term Trade Payables

40,607,085,396

41,379,159,396

39,919,522,896

Long-Term Borrowings

642,944,894,557

601,072,281,404

402,469,057,579

Confirmed Salaries

25,717,615,522

20,900,133,309

20,181,148,970

Other Non-Current Liabilities

66,133,215,429

65,676,566,875

47,033,871,306

Capital Stock

181,075,315,000

181,075,315,000

181,075,315,000

Capital Surplus

117,656,921,974

117,656,921,974

111,011,255,611

Capital Adjustment

-1,770,451,590

-1,770,451,590

-2,100,804,690

Others

9,065,692,279

8,250,466,312

52,407,254,143

Profit Surplus

840,751,902,491

797,466,925,507

677,109,442,504

Total Equity

1,146,779,380,154

1,102,679,177,203

1,019,502,462,568

Liab. & Shareholder’s Equity

2,429,632,880,360

2,252,726,086,415

2,001,352,834,003

 

 

Income Statement

 

Unit : Korean Won

01/01/2012~06/30/2012

As of 12/31/2011

As of 12/31/2010

Sales

890,281,275,747

1,687,461,200,741

1,465,137,067,239

Cost of Sold Goods

722,222,863,057

1,330,198,887,916

1,153,296,737,403

Gross Profit

168,058,412,690

357,262,312,825

311,840,329,836

Other Operating Income

8,149,906,125

49,989,222,129

3,632,773,121

Selling & Admin. Expenses

84,626,138,364

152,798,062,226

139,356,686,014

Other Operating Expenses

4,063,630,857

24,458,012,768

18,303,918,435

Operating Income

87,518,549,594

229,995,459,960

157,812,498,508

Net Finance Cost

-16,046,626,280

-35,517,040,800

-41,992,340,283

Finance Income

10,456,231,644

31,749,169,194

28,163,683,968

Finance Expenses

-26,502,857,924

-67,266,209,994

-70,156,024,251

Income Before Taxes

71,471,923,314

194,478,419,160

115,820,158,225

Income Taxes Expenses

10,154,900,591

55,215,378,566

21,548,505,777

Net Income

61,317,022,723

139,263,040,594

94,271,652,448

 

 

Cash Flows

 

Unit : Korean Won

01/01/2012~06/30/2012

As of 12/31/2011

As of 12/31/2010

Operating Activities Cash Flows

54,820,209,596

154,202,990,466

206,920,661,745

Net Income

61,317,022,723

139,263,040,594

94,271,652,448

Adjustment

58,436,927,316

139,103,222,472

146,493,885,435

Changes in Asset/ & Liability

-34,790,683,480

-75,366,752,549

13,032,242,586

Income Taxes

-17,049,026,501

-20,655,504,335

-7,192,765,025

Interests Received

112,988,982

666,958,577

440,700,409

Interests Paid

-14,091,415,244

-29,785,782,453

-41,218,905,318

Dividends Received

884,395,800

977,808,160

1,093,851,210

Cash Flows from Investing

-190,520,246,139

-252,470,874,779

-136,964,906,868

Cash Flows from Financing

117,353,043,895

118,466,109,468

-75,149,039,571

Increase/Decrease in Cash

-18,346,992,648

20,198,225,155

-5,193,284,694

Cash at the Beginning of Year

30,062,162,576

9,869,525,373

15,071,250,863

Cash at the End of Year

11,670,401,672

30,062,162,576

9,869,525,373

 

 

Products, Technologies, Services Description

 

Main Products & Services

-Chemical Business

PO(Propylene Oxide)

PG(Propylene Glycol)

Polyol(PPG ; Polypropylene Glycol)

SM(StyreneMonomer)

 

-Film Business

PET Film

Video Tape

Compact Disc

 

Brand Name : Skyrol, SUPER-A GREEN

Annual Production Capacity (Unit : Ton, M/T, 1,000 ㎡)

Item

2010

2009

2008

PET Film(ton)

       112,683

       94,008

89,169

POD(M/T)

      500,000

       465,000

360,000

SM(M/T)

       394,000

       394,000

394,000

Technologies Acquired

 

 

 

Trade Partners & Competitors

 

Suppliers

SK PETROCHEMICAL CO., LTD.(135811-0120906)

SAMNAM PETROCHEMICAL CO., LTD.(110111-0557061)

LOTTE DAESAN PETROCHEMICAL CORPORATION(161411-0014684)

SK ENERGY CO., LTD.(110111-3710385)

Customers

KODAK

Competitors

KPX CHEMICAL CO., LTD.(110111-0166903)

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

BASF COMPANY LIMITED(110111-0600860)

 

Related Parties (Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates-Domestic

SK HOLDINGS CO., LTD.(110111-0022816)

SK TELECOM CO., LTD.( 110111-0371346)

SK NETWORKS CO., LTD.(130111-0005199)

PAXNET, INC.(110111-1698830)

IHQ, INC.(110111-0042393)

SK TELINK, CORP.(110111-1533599)

AIRCROSS CO., LTD.(110111-2121765)

TU MEDIA CORPORATION(110111-2907826)

SK COMMUNICATIONS CO., LTD.(110111-1322885)

COMMERCE PLANET CO., LTD.(110111-1416133)

F&U CREDIT INFORMATION CO., LTD.(135311-0003300)

SK WYVERNS CO., LTD(120111-0217366)

LOEN ENTERTAINMENT, INC.(134111-0010706)

ENCAR NETWORKS LTD.(110111-2125270)

INDEPENDENCE CO., LTD.(110111-2010116)

IFILM CORPORATION(110111-2857451)

SK BROADBAND CO., LTD.(110111-1466659)

CU MEDIA. INC.(110111-2031477)

NTREEV SOFT CO., LTD.(110111-2906456)

SK I-MEDIA CO., LTD.(110111-3505851)

NURI SOLUTION CO., LTD.(110111-1866213)

HANAROMEDIA INC.(110111-3292664)

HANARO DREAM INCORPORATED(110111-2183343)

BROADBAND D&M CO., LTD.(110111-1509269)

NOWON JOEUN TELECOM CO., LTD.(110111-3655218)

MIRACLE INFORMATION & TELECOMMUNICATION CO., LTD.(120111-0433491)

QC I&T CO., LTD.(110111-3675381)

QL KWANAK CO., LTD.(110111-3826140)

QL DONGJAK CO., LTD.(110111-3729740)

QL SEOCHO CO., LTD.(110111-3729807)

QL YONGSAN CO., LTD.(110111-3761023)

QL YANGCHEON CO., LTD.(110111-3729609)

SK NETWORKS CO., LTD.(130111-0005199)

SK ENGINEERING & CONSTRUCTION CO., LTD.(110111-0038805)

SK C&C CO., LTD.(110111-0769583)

INNOACE CO., LTD(110111-2104026)

IPLATFORM, INC(110111-3638917)

INFOSEC CO., LTD(110111-2007858)

SKC MEDIA CO., LTD.(161511-0076377)

SK SHIPPING CO., LTD.(110111-0311392)

SK TELESYS CO., LTD.(110111-1405897)

(77.1% held by the subject company)

 

SKC SOLMICS CO., LTD.(134711-0014631 )

(48.7% held by the subject company)

 

SKC AIRGAS CO., LTD.(230111-0134111)

(80.0% held by the subject company)

 

SKW CO., LTD.( 154311-0026200 )

(60.0% held by the subject company)

 

SUMRAY CORPORATION CO., LTD. (131111-0150034 )

(83.5% held by the subject company)

 

INCYTO CO., LTD.(161511-0100572)

(100.0% held by the subject company)

Affiliates-Domestic

SK D&D CO., LTD.(110111-3001685)

OK CASHBAG SERVICE CO., LTD.(110111-1873432)

SK NETWORKS SERVICE CO., LTD.(135811-0141788)

SK MARKETING & COMPANY CO., LTD.(110111-3874066)

BROADBAND TS CO., LTD.(281111-0119401)

BROADBAND CS CO., LTD.(110111-1592595)

BROADBAND SEOUL CS CO., LTD.(110111-3558842)

BROADBAND BUSAN CS CO., LTD.(180111-0573774)

BROADBAND GYEONGGI CS CO., LTD.(134111-0147575)

BROADBAND GWANGJU CS CO., LTD.(200111-0233050)

ANTS CO., LTD.(151111-0031058)

ULLEUNG DEEP SEA WATER CO., LTD(110111-3224724)

SOLMICS CO., LTD.(134711-0014631)

UB CARE CO., LTD.(110111-1105364)

MECHARONICS CO., LTD.(120111-0233338)

ULLEUNG MINERAL CO., LTD.(110111-2602244)

REAL BEST CO., LTD.

MRO KOREA CO., LTD(110111-2016940)

WS TRADING CO., LTD.(110111-3448712)

WALKERHILL INC.(110111-0142854)

SK MOBILE ENERGY CO., LTD.(161511-0076070)

SK SECURITIES CO., LTD(110111-0037112)

SKC ACME

SKC-SEJIN

SI DIGITECH

Affiliates-Overseas

KIWI STEEL N.Z. LTD.

SK NETWORKS AMERICA, INC.

SK NETWORKS DEUTSCHLAND GMBH

SK NETWORKS AUSTRALIA PTY. LTD.

SK STEEL AUSTRALIA PTY. LTD.

SK NETWORKS (SHANGHAI) TRADING CO., LTD.

SK NETWORKS (GUANGZHOU) TRADING CO., LTD.

SK(DONGGUAN) STEEL CO., LTD

SK(ZHANGJIAGANG) METAL PRODUCTS CO.,LTD

POSK STEEL(PINGHU) PROCESSING CENTER CO.,LTD

SK NETWORKS PS(SHANTOU)CO., LTD

NINGBO SK ZHENBANG CHEMICAL. LTD

DAIYANG - SK NETWORKS METAL SANAYI VE TICARET LTD

SK NETWORKS MIDDLE EAST FZE

PT SK NETWORKS (INDONESIA)

SHENYANG SK NETWORKS ENERGY CO., LTD

SHANGHAI LAUNCH-SK AUTOMOBILE SERVICE CO., LTD

SK NETWORKS (SHANGHAI) MARKETING CO., LTD

SK NETWORKS(CHINA)HOLDINGS CO., LTD

DANDONG SK NETWORKS REAL ESTATE CO., LTD

SHENYANG SK NETWORKS BUS TERMINAL CO., LTD

DANDONG SK NETWORKS ENERGY CO., LTD

DANDONG SK NETWORKS LOGISTICS CO., LTD

SHENYANG SK NETWORKS ELECTRONICS &TELECOMMUNICATIONS CO., LTD

SK NETWORKS (SHANGHAI) ELECTRONICS &TELECOMMUNICATIONS MARKETING CO., LTD

BEIJING SK NETWORKS ELECTRONICS & TELECOMMUNICATIONS CO., LTD

SHANDONG SK NETWORKS ELECTRONICS &TELECOMMUNICATIONS CO., LTD

SK NETWORKS HONG KONG

SK NETWORKS MEXICO S.A DE C.V

SKYNETWORKS LCC.

MIRAE COMPANY LIMITED

RICHARD CHAI LLC.

OBZEE N.Y

Overseas Office

SKC INC.

ONE SKC DRIVE COVINGTON, GA 30014, U.S.A

TEL:+1-678-342-1000  FAX:+1-678-342-1000

 

SKC POWERTECH, INC.

850 CLARK DRIVE, MOUNT OLIVE, NEW JERSEY 07828 ,U.S.A

TEL:+1-973-347-7000   FAX:+1-973-347-7775

 

SKC EUROPE GMBH.

ARABELLA CENTER 7FI LYONER STR.44-48, 60528 FRANKFURT, GERMANY

TEL:+49-69-669-0130  FAX:+49-69-666-1071

 

SALES MGR OF CHINA.(GUANGZHOU)

ROOM 2011, CITIC PLAZA, 233 TIANHE N. ROAD, GUANGZHOU, CHINA 510613

TEL:+(86)20-3877-1140  FAX:+(86)20-3877-1540

 

SALES MGR OF CHINA.(SHANGHAI)

ROOM 2313,INTERNATIONAL TRADE CENTER,2201 YAN AN ROAD( W ), SHANGHAI, CHINA

TEL:+(86) 21-6270-2866  FAX:+(86) 21-6270-2377

Subsidiary

SKC EUROPE GMBH.

(100.0% held by the subject company)

 

SKC INC.

(70.31% held by the subject company)

 

SK TELESYS CO., LTD.(110111-1405897)

(77.1% held by the subject company)

 

SKC SOLMICS CO., LTD.(134711-0014631)

(53.7% held by the subject company)

 

SKC AIRGAS CO., LTD.(230111-0134111)

(80.0% held by the subject company)

Corporate Ownership

SK HOLDINGS CO., LTD.(110111-0022816)

Cooperative Enterprise

-Insured Company

HYUNDAI MARINE & FIRE INSURANCE CO., LTD.(110111-0035893)

SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078)

 

-Licensors

DOYOBO-JAPAN

LYONDELL CHEMICAL COMPANY

DEGUSSA AG, UHDE GMBH

 

 

Sales by Region (Activity & Markets)

 

Sales/ Unit :Mil KRW

2010

2009

2008

Export

670,664

      492,593

379,147

Domestic

792,603

      715,298

639,403

Total

1,463,267

   1,207,891

1,018,550

The subject exports to China, Taiwan, Germany, Japan and USA.

 

 

Court Action

 

Case No.

Court

Plaintiff(s)/ Creditor(s)/ Applicant(s)

Defendant(s)/ Debtor(s)/ Respondent(s)

Cause

Amount (KRW)

Status

 

 

2 Cases

The Subject Company and SKC Haas

Violation of Agreement / Patents

3,319,606,000

Proceeding

 

 

News Clipping

 

---

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.57

UK Pound

1

Rs.86.60

Euro

1

Rs.68.93

 

 

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%)

 

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.