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Report Date : |
04.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
KUMHO PETROCHEMICAL CO., LTD. |
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Formerly Known as: |
KOREA KUMHO
PETROCHEMICAL CO., LTD |
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Registered Office : |
Signature Towers East Annex 99, Supyo-dong, Jung-gu, Seoul, Korea
100-230 |
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|
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Country : |
South Korea |
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|
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
28.12.1970 |
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|
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Com. Reg. No.: |
102-81-31147 |
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|
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Legal Form : |
Listed Company |
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|
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Line of Business : |
Manufacture of Synthetic Rubber |
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|
|
|
No. of Employees : |
1,331 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
|
Company Name |
KUMHO PETROCHEMICAL CO., LTD. (Ex. English Name : KOREA KUMHO
PETROCHEMICAL CO., LTD.) (Trade Name
: KKPC) (Korean Company Name : “금호석유화학(주)”) |
|
Registered Address |
99, Supyo-dong, Jung-gu, Seoul, Korea |
|
Building |
Signature Towers East Annex |
|
Zip Code |
100-230 |
|
Tel |
+82-2-6303-0114 |
|
Fax |
+82-2-6303-3329 |
|
E-mail |
|
|
Website |
www.kkpc.com |
|
Trading Address |
Signature Towers East Annex, 99,
Supyo-dong, Jung-gu, Seoul, Korea (New Address System : Signature Towers
East Annex, 100, Cheonggyecheon-ro, Jung-gu, Seoul, Korea) |
|
Tel |
+82-2-6303-0114 |
|
Fax |
+82-2-6303-3329 |
|
Other Address-Ulsan Factory (Rubber) |
680, Sanggae-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-259-6114 |
|
Fax |
+82-52-275-6547 |
|
Other Address-Yeosu Factory (Synthetic Rubber) |
287-1, Pyeongyeo-dong, Yeosu-si, Jeollanam-do, Korea |
|
Tel |
+82-61-688-3000 |
|
Fax |
+82-61-688-3166 |
|
Other Address-Yeosu Factory (Rubber Chemicals) |
356, Hwachi-dong, Yeosu-si, Jeollanam-do, Korea |
|
Tel |
+82-61-688-3920 |
|
Fax |
+82-61-685-5806 |
|
Other Address-Ulsan Factory (Synthetic Resins) |
45-25, Seongnam-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-279-8600 |
|
Fax |
+82-52-273-1148 |
|
Other Address-Electronic Materials Division |
604, Namseong 1-ri, Sinchang-myeon, Asan-si, Chungcheongnam-do, Korea |
|
Tel |
+82-41-532-8657 |
|
Fax |
+82-41-532-8659 |
|
Other Address-KKPC R&D Center |
57-1, Hwaam-dong 1-ga, Useong-gu, Daejeon, Korea |
|
Tel |
+82-42-865-8600 |
|
Fax |
+82-42-862-5651 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Synthetic Rubber |
|
Main Business |
Latex, Polystyrene, Expanded Polystyrene Foam, Polyprophylene Glycol |
|
Sub
Business |
Manufacture of Synthetic Resin and Other Plastic Materials |
|
Established (mm/dd/yyyy) |
12/28/1970 |
The Subject owns
the premises of Yeosu Factory (Synthetic Rubber), Yeosu Factory (Rubber Chemicals) and KKPC R&D Center.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Additives(12160000) |
|
Sell |
Styrene acrylonitrile resin(13111026) |
|
Sell |
Resins(13111000) |
|
Sell |
Polybutadiene BR(13101719) |
|
Sell |
Elastomers(13101700) |
|
Sell |
Styrene butadiene SBR(13101705) |
|
Sell |
Anti oxidants(12162200) |
|
Sell |
Acrylonitrile butadiene NBR(13101701) |
|
Sell |
Thermoplastic plastics(13102000) |
|
Sell |
Acrylonitrile butadiene styrene resin(13111004) |
|
Name |
Park Chan-Koo |
|
Address |
- |
|
Date of Birth |
08/13/1945 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
167,455,885,000 |
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|
Employees |
1,331 |
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|
Formation |
Listed Company (Korea Stock Exchange :
011780 ) as of 01/22/1988 A Company of Kumho Asiana Group |
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Bank Details |
Woori Bank-Jongro Branch Korea Development Bank |
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|
Corporate Registered No. |
110111-0205975 |
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|
Business Registered No. |
102-81-31147 |
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|
Permit & Licenses |
05/1994 ISO 9001 08/1995 ISO 14001 Int’l Trade No.: 852818 |
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Shareholder Position |
|
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|
Company History |
09/2012
Moved to the present HQ address from 21~24th Fl., Kumho Asiana Main Bldg., 115,
Sinmunno 1-ga, Jongno-gu, Seoul, Korea 12/20/2011 Agreed on prolonging 1 year of
Co-Management by Creditors(banks) 06/08/2010 Agreed with Bank Creditors
Association for Management & Operation Normalizing Plan 01/05/2010 Decide to increase the
short-term borrowings as much as 60,000,000,000 KRW 12/2008 Awarded US$2 Billion Export Top
Prize 03/14/2008 Changed company English name to
KUMHO PETROCHEMICAL CO., LTD. , from KOREA KUMHO PETROCHEMICAL CO., LTD. 10/2007 Commissioned Ulsan SBR plant
expansion(110,000 tons) 06/2007 Established Rizhao KUMHO JINMA
Chemical Co., Ltd. 04/2007 Broke ground for second Yeosu
combined heat and power plant 11/2006 Established Nanjing KUMHO GPRO
Chemical Co., Ltd. 06/2006 Received National Environmental
Management Excellence Award for GHG Reduction from the Ministry of
Environment 01/2006 Designated an “Environmentally
Friendly Company” by the Ministry of Environment 12/2005 2005 Received the Korea Management
Awards 11/2005 Received the Tower of US$1 Billion
Export Award 08/2004 Overseas office opened in LA,
U.S.A. 06/2004 Received the Environment Management
Award.(Ministry of Commerce, Industry and Energy.) 08/2003 Kumho Chemical Laboratory and
Yicheon Laboratory merged into Kumho Petrochemical R&D Center. 06/2003 Received the Environment Management
Award. 11/2002 Overseas office opened in
Frankfurt, Germany. 10/2002 Overseas office opened in
Guangzhou, China. 01/2002 Took over chemical business
division of Kumho Development, Inc. 01/2001 Merged with Kumho Chemicals, Inc. |
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|
Company History |
10/2000 Shanghai Kumho Sunny Plastics Co.,
Ltd. established. 08/2000 OHSAS 18001 certification acquired. 06/2000 Recognized among the top 50
companies with superior quality competitiveness. 08/1999 Recognized among the top 50
companies with superior quality competitiveness. 11/1998 Asan plant (Electronic materials
division) launched. 07/1997 Overseas subsidiary established in
LA, U.S.A. 07/1997 Combined heat & power plant in
Yeosu built. 03/1997 Kumho Chemicals, Inc. enlisted as
an affiliated company. 03/1997 Contact of introducing
Polycarbonate technology. 12/1996 Designated as an environmentally
friendly company. 08/1995 ISO 14001 certification acquired. 03/1995 Opended Kumho Life &
Environmental Science Laboratory in Gwangju. 10/1994 Plastic compounding technology
introduced. 08/1994 Thermoplastic elastomer (SBS)
production started. 05/1994 ISO 9001 certification acquired. 02/1994 Kumho Chemical Laboratories opened
in Daedeok Technovalley. 05/1993 Overseas office in Jakarta,
Indonesia opened. 05/1992 Established BD plant.(Ulsan
50,000MT) 08/1990 UC Plant in Yeosu launched. 03/1989 Kumho Mitsui Chemicals, Inc.
established. 12/1988 Multi-purpose BR plant launched. 12/1987 Korea Kumho Petrochemical Co., Ltd.
shares offered publicly. 11/1987 Kumho P&B Chemical, Inc.
established. 11/1987 Kumho Monsanto, Inc. established. 06/1985 Kumho Polychem Co., Ltd.
established. 06/1985 Kumho Petrochemical Research Center
established. 06/1985 Korea Synthetic Rubber Industries
Co., Ltd. and Korea Kumho Chemicals, Inc. merged. 06/1985 Company Name changed to Korea Kumho
Petrochemical Co., Ltd. 03/1984 SBR Latex plant launched. (Ulsan) 12/1983 NBR production initiated. 08/1982 HSR production initiated. 03/1980 BR plant launched. (Yeosu 25,000MT) 10/1979 BD plant launched. (Yeosu 50,000MT) 06/1973 Sales started. 04/1973 SBR plant launched. (Ulsan
25,000MT) 12/1970 Korea Synthetic Rubber Industries
Co., Ltd. established. |
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Park Chan-Koo |
Korean |
1945.08.13 |
Yonsei University, Korea |
|
President & CEO |
Mr. |
Lee Seo-Hyung |
Korean |
1944.04.08 |
Seoul National University, Korea |
|
Vice President & CEO |
Mr. |
Kim Sung-Chae |
Korean |
1952.05.20 |
Yonsei University, Korea |
|
President & CEO |
Mr. |
Lee Joon-Bo |
Korean |
1953.08.20 |
Hankuk University of Foreign Studies, Korea |
|
Outside Director |
Mr. |
Ban Ki-Ro |
Korean |
1950.10.09 |
Indiana Univ., USA |
|
Outside Director |
Mr. |
Lee Yong-Man |
Korean |
1933. 08.29 |
- |
|
Outside Director |
Mr. |
Kim Young-Hwan |
Korean |
1942. 11.09 |
- |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
4,872,724,691,673 |
3,489,123,787,402 |
96,116,038,070 |
|
|
(*)2011 |
5,292,118,910,972 |
3,941,902,990,084 |
343,319,756,637 |
|
(*)2010 |
3,886,336,826,601 |
3,499,721,544,060 |
194,384,487,721 |
|
2009 |
2,801,661,889,764 |
3,199,869,250,611 |
-614,839,360,572 |
|
2008 |
3,182,489,831,123 |
3,714,811,641,273 |
-19,745,678,569 |
|
2007 |
2,124,530,864,841 |
2,850,979,750,310 |
134,406,821,328 |
|
2006 |
1,753,034,692,190 |
2,614,577,899,995 |
79,691,971,162 |
|
2005 |
1,709,311,674,769 |
1,973,569,879,865 |
121,408,851,727 |
|
2004 |
1,507,747,920,038 |
1,626,702,597,163 |
134,469,476,517 |
|
2003 |
1,198,939,587,721 |
1,415,344,107,691 |
21,013,673,907 |
(*)Figures are based
on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
250,000,000,000 |
|
Paid-Up Capital(KRW) |
167,455,885,000 |
|
Total Issues Shares |
33,491,177 (Common : 30,467,691 / Preferable : 3,023,486) |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
3,489,123,787,402 |
3,941,902,990,084 |
3,499,721,544,060 |
|
Current
Assets |
1,155,034,288,560 |
1,684,909,492,689 |
1,076,782,243,328 |
|
Inventories |
445,929,109,330 |
491,584,970,766 |
370,573,433,015 |
|
Derivatives |
|
|
5,303,628,363 |
|
Trade Receivables |
460,635,528,648 |
742,420,103,792 |
552,768,491,604 |
|
Other Receivables |
42,289,537,313 |
27,694,333,233 |
34,535,526,350 |
|
Cash & Cash Equivalents |
198,202,420,311 |
414,578,581,804 |
106,808,323,509 |
|
Other Current Assets |
7,977,692,958 |
8,631,503,094 |
6,792,840,487 |
|
Non-Current
Assets |
2,334,089,498,842 |
2,256,993,497,395 |
2,422,939,300,732 |
|
Tangibles |
1,556,331,323,189 |
1,473,147,320,833 |
1,401,919,858,513 |
|
Investment_Real Estates |
624,551,440 |
652,004,251 |
21,254,160,839 |
|
Intangibles |
19,066,239,762 |
26,084,859,556 |
36,276,977,745 |
|
Investment_Related Companies |
377,205,614,676 |
377,205,614,676 |
346,200,334,676 |
|
Deferred Income Tax Assets |
|
|
85,528,221,413 |
|
Marketable Financial Instruments |
349,286,760,628 |
361,810,141,287 |
509,692,055,656 |
|
Other Receivables |
27,562,665,769 |
16,382,206,204 |
19,359,346,505 |
|
Other Non-Current Assets |
4,012,343,378 |
1,711,350,588 |
2,708,345,385 |
|
Total
Liabilities |
2,224,632,653,234 |
2,735,324,712,381 |
2,755,246,972,885 |
|
Current
Liabilities |
1,154,797,923,952 |
2,405,337,413,642 |
1,883,054,191,133 |
|
Trade Payables |
214,703,117,976 |
348,006,847,695 |
276,370,306,227 |
|
Account Payables & Other
Payables |
164,604,770,730 |
235,071,156,849 |
169,962,617,688 |
|
Long-Term Borrowings |
744,228,324,663 |
1,805,437,314,776 |
1,385,983,822,915 |
|
Derivatives |
|
|
1,780,258,529 |
|
Accrued Income Tax |
26,886,331,453 |
11,779,351,985 |
45,727,037,934 |
|
Other Current Liabilities |
4,375,379,130 |
5,042,742,337 |
3,230,147,840 |
|
Non-Current
Liabilities |
1,069,834,729,282 |
329,987,298,739 |
872,192,781,752 |
|
Long-Term Trade Payables &
Other Payables |
3,912,373,403 |
6,592,498,457 |
7,408,717,548 |
|
Long-Term Account Payables |
4,138,599,703 |
5,028,747,182 |
2,816,757,756 |
|
Long-Term Borrowings |
1,032,298,132,753 |
289,310,322,098 |
851,198,635,400 |
|
Deferred Income Tax Credit |
8,414,901,117 |
10,106,550,355 |
- |
|
Confirmed Salaries |
18,091,587,795 |
14,722,866,189 |
7,545,639,009 |
|
Finance Gurantee Liabilities |
2,979,134,511 |
4,226,314,458 |
3,223,032,039 |
|
Capital
Stock |
167,455,885,000 |
167,455,885,000 |
142,239,665,000 |
|
Capital Surplus |
276,205,595,328 |
276,205,595,328 |
89,951,989,027 |
|
Others |
45,231,650,174 |
22,617,413,713 |
85,624,041,935 |
|
Profit Surplus |
815,664,245,581 |
780,365,625,577 |
466,725,117,128 |
|
Capital Adjustment |
-40,066,241,915 |
-40,066,241,915 |
-40,066,241,915 |
|
Total Equity |
1,264,491,134,168 |
1,206,578,277,703 |
744,474,571,175 |
|
Liab. & Shareholder’s Equity |
3,489,123,787,402 |
3,941,902,990,084 |
3,499,721,544,060 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
4,872,724,691,673 |
5,292,118,910,972 |
3,886,336,826,601 |
|
Cost of Sold Goods |
4,505,385,253,370 |
4,458,998,256,582 |
3,393,668,169,529 |
|
Gross Profit |
367,339,438,303 |
833,120,654,390 |
492,668,657,072 |
|
Selling & Admin. Expenses |
152,555,667,828 |
167,332,577,171 |
131,204,081,423 |
|
Operating Income |
214,783,770,475 |
623,545,509,166 |
387,344,319,158 |
|
Other Operating Income |
65,432,546,577 |
131,108,634,523 |
117,008,587,044 |
|
Other Operating Expenses |
108,699,733,839 |
173,351,202,576 |
91,128,843,535 |
|
Finance Income |
62,397,222,016 |
53,253,275,976 |
61,643,610,432 |
|
Finance Expenses |
133,583,207,739 |
203,664,143,199 |
174,074,440,300 |
|
Income Before Taxes |
100,330,597,490 |
473,134,641,943 |
274,913,489,290 |
|
Income Taxes Expenses |
4,214,559,420 |
129,814,885,306 |
80,529,001,569 |
|
Net Income |
96,116,038,070 |
343,319,756,637 |
194,384,487,721 |
Cash
Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Operating
Activities Cash Flows |
239,538,333,127 |
512,790,624,508 |
251,422,557,642 |
|
Operating
Activities Cash Flows |
309,846,478,443 |
649,316,492,657 |
369,457,067,936 |
|
Interests Received |
9,293,887,036 |
6,420,533,269 |
4,145,393,014 |
|
Interests Paid |
-100,689,402,740 |
-115,998,691,547 |
-116,046,463,468 |
|
Dividends Received |
17,551,982,632 |
18,429,294,019 |
9,550,239,814 |
|
Income Taxes |
3,535,387,756 |
-45,377,003,890 |
-15,683,679,654 |
|
Cash Flows from Investing |
-209,585,790,462 |
-164,824,176,193 |
-50,892,198,493 |
|
Cash Flows from Financing |
-246,279,704,158 |
-40,174,050,020 |
-170,959,055,021 |
|
Increase/Decrease in Cash |
-216,376,161,493 |
307,770,258,295 |
29,571,304,128 |
|
Cash at the Beginning of Year |
414,578,581,804 |
106,808,323,509 |
77,237,019,381 |
|
Cash at the End of Year |
198,202,420,311 |
414,578,581,804 |
106,808,323,509 |
|
Main Products & Services |
Synthetic Rubber BR, SBR, LBR, S-SBR, NBR, HSR, TPE, SBR
Latex, PAG Synthetic Plastics ABS, PS, EPS, SAN, PPG Rubber Chemicals Antiaxidant, Vulcanization Accelerator,
Others Electronic Chemicals Stripper, Photoregist, BARC, PAG Brand Name: KOSYN, KUMANOX, KUMAC, Barc |
||||||||||||||||||||||||||||
|
Annual Production Capacity (Thousand M/T) |
|
|
Customers |
Synthetic Rubber: Paper Manufacturer,
Carpet Manufacturers Synthetic Plastics: Electric/Electronics
Parts Manufacturers, Car Manufacturers, Construction Companies Rubber Chemicals: Tire Manufacturers,
Rubber/ Synthetic Rubber Parts Manufacturers Sales Channel Domestic : Factory→ End-User (Tire,
Shoe Manufacturers) Export : Direct : Factory→ Overseas End-User
(Master L/C) Local : Factory→ Overseas End-User
(Local L/C) Conditions Domestic : Chas & Credit Export : Irrevocable L/C Base, T/T KUMHO TIRE CO., INC.(110111-2810590) HANKOOK TIRE CO.,LTD.(110111-0034233) KOREA YAKULT CO., LTD.(110111-0006852) DAEWOO ELECTRONICS CORP.(110111-0546452) KUMHO P&B CHEMICALS,
INC.(206211-0018313) LG.PHILIPS DISPLAYS KOREA CO.,
LTD.(176011-0025765) HYNIX SEMICONDUCTOR INC.(134411-0001387) |
|
Competitors |
KPX CHEMICAL CO., LTD. 190-3, CHUNGJEONGRO 2-GA SEODAEMUN-GU
SEOUL, 120-012 SOUTH KOREA TEL:+82-2-3616500 FAX:+82-2-3635600 DONGSUNG CHEMICAL CO., LTD. 472, SHINPYONG-DONG SAHA-GU BUSAN, 604-836
SOUTH KOREA TEL:+82-51-2004500 FAX:+82-51-2045636 M&FC CO., LTD 376-11, SEOGYO-DONG MAHPO-GU SEOUL, 121-839
SOUTH KOREA TEL:+82-2-3257050 FAX:+82-2-3253885 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
KUMHO TIRE CO., LTD.(110111-2810590) (46.95% held by the subject company) KUMHO POLYCHEM CO., LTD.(110111-0400533) (50.00% held by the subject company) KUMHO P&B CHEMICALS,
INC.(206211-0018313) (78.20% held by the subject company) KUMHO INDUSTRIAL CO., LTD.(110111-0134877) (21.56% held by the subject company) DAEWOO ENGINEERING & CONSTRUCTION CO.,
LTD.(110111-2137895) (4.49% held by the subject company) KUMHO LIFE INSURANCE CO.,
LTD.(200111-0014608) (23.83% held by the subject company) KUMHO RENT-A-CAR. INC(110111-0513253) |
|
Affiliates |
KUMHO MITSUI CHEMICALS,
INC.(110111-0612980) KUMHO RESORT CO., LTD.(134511-0105856) KOREA ROAD MANAGEMENT CO.,
LTD.(200111-0072416) ASIANA AIRLINES INC.(110111-0562804)
(14.61% held by the subject company) KOREA EXPRESS CO., LTD(110111-0006167) KOREA INTEGRATED FREIGHT TERMINAL CO.,
LTD(110111-0853576) JUNG-BU INTEGRATED FREIGHT TERMINAL CO.,
LTD.(110111-3284158) KUMHO TRADING CO., CO.,
LTD.(110111-2079641) SEOUL EXPRESS BUS TERMINAL CO., LTD.(110111-0187644) KUMHO TERMINAL CO., LTD.(200111-0231418) AIR BUSAN CO., LTD.(180111-0605121) SONGNISAN EXPRESS CO., LTD.(150111-0000286) PUSAN EAST CONTAINER TERMINAL CO.,
LTD.(180111-0101252) PECT NEW CONTAINER TERMINAL CO.,
LTD.(180111-0449579) GWANGYANG WEST CONTAINER TERMINAL CO.,
LTD.(110111-3547514) THE KOREA EXPRESS TERMINAL CO.,
LTD.(110111-1726227) DONG SEOK LOGISTICS CO.,
LTD.(144711-0009135) TERMINAL OPERATING CO., LTD OF MASAN
PORT-PIER 4(194211-0035362) PUSAN GAMMAN CONTAINER TERMINAL CO.,
LTD(180111-0560234) KOREA EXPRESS BUSAN NEWPORT
DISTRIPARK(194111-0012403) ULSAN PORT OPERATING CO.,
LTD.(230111-0057769) INCHEON SOUTH TERMINAL OPERATION
COMPANY(120111-0426305) KE-CATI LOGISTICS CO., LTD(204611-0024273) CNK WORLD LOGISTICS CO., LTD(110111-3638496) ASIANAIDT, INC.(110111-0801848) ASIANA ABACUS , INC.(110111-3010925) KOREA EXPRESS INFORMATION TECHNOLOGY CO.,
LTD.(110111-2230417) ASIANA AIRPORT DEVELOPMENT CO.,
LTD.(110111-1412496) INCHEON AIRPORT ENERGY CO.,
LTD.(110111-1415408) KUMHO ASIANA MAIN TOWER CO.,
LTD.(110111-3207712) CHUNGJU BORAMAE CO., LTD.(110111-3348524) BUGOK ENVIRONMENT CO., LTD.(135211-0016488) GK FIXED LINK CORP(180111-0443224) TAE-CHEON DEVELOPMENT CO.,
LTD.(110111-1252644) PRUGIO SERVICE CO., LTD.(110111-1675276) KUMHO STEEL TECH CO., LTD.(154311-0016706) ILSAN GRAND BRIDGE CORP.(110111-2576192) SOUTHWEST COAST LEISURE
COMPANY(205511-0024878) GREEN ANSEONG ENVIRO CO.,
LTD(110111-3780833) KUMHO SONGDO HOTEL CO.,
LTD.(120111-0451998) AAS AIRPORT SERVICES. INC(110111-0562713) KUMHO ENVIROTECH CO., LTD.(110111-1799703) KUMHO AUTOLEASE, INC.(110111-3626970) |
|
Overseas Office |
JAKARTA OFFICE SHENZHEN OFFICE GUANGZHOU OFFICE SHANGHAI OFFICE LA OFFICE |
|
Subsidiary |
KUMHO P&B CHEMICALS, INC.(206211-0018313) (78.20% held by the subject company) KUMHO MITSUI CHEMICALS, INS.(110111-0612980) (50.0% held by the subject company) KUMHO POLYCHEM CO., LTD.(110111-0400533) (50.0% held by the subject company) KUMHO TIRE CO., INC.(110111-2810590) (46.95% held by the subject company) KUMHO RENT-A-CAR CO., LTD.(110111-0513253) KUMHO PETRO HOLDINGS CO., LTD.(CHINA) (100.0% held by the subject company) |
|
Cooperative Enterprise |
-Insured Company DONGBU INSURANCE CO., LTD.(110111-0095285) |
(Activity &
Markets)
|
Sales/ Unit :Mil KRW |
2010 |
2009 |
2008 |
|
Export |
2,545,205 |
1,878,852 |
2,120,884 |
|
Domestic |
1,341,131 |
922,810 |
1,061,606 |
|
Total |
3,886,336 |
2,801,662 |
3,182,490 |
The Subject deals with the companies in USA,
Asia and Europe.
Synthetic Rubber :
The subject exports to South East Asia, USA, China, Middle East and Europe.
Synthetic Plastics
: The Subject exports to USA, China and Europe.
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
02/15/2005 |
International Trade Commission |
Plexis America LP |
The Subject and others(4) |
Infringement of patent |
U$20,000,000 |
The Subject won at 1st & 2nd rounds, and 3rd
round is proceeding. |
|
|
|
The Subject |
Plexis America LP |
Violation of Anti-Trust Law |
- |
Proceeding |
Domestically there are 10 cases filed as Plaintiff(s)/ Creditor(s)/ Applicant(s)
amounting 115,322,000,000 KRW, and 6 cases filed as Defendant(s)/ Debtor(s)/
Respondent(s) amounting 7,178,000,000 KRW.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.82.05 |
|
Euro |
1 |
Rs.69.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.