MIRA INFORM REPORT

 

 

Report Date :

05.04.2013

 

IDENTIFICATION DETAILS

 

Name :

CJ CHEILJEDANG CORPORATION

 

 

Formerly Known As :

CJ CHEILJEDANG CORP.

 

 

Registered Office :

500, Namdaemunno 5-ga, Jung-gu, Seoul, Korea, CJ Bldg., Zip Code 100-802

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

04.09.2007

 

 

Com. Reg. No.:

104-86-09535

 

 

Legal Form :

Listed Company

 

 

Line of Business :

Manufacturer of Livestock Feeds and Prepared Animal Feeds

 

 

No. of Employees :

6002

 

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 :

Usually Correct 

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

CJ CHEILJEDANG CORPORATION

(Korean Company Name :”CJ제일제당()”)

Registered Address

500, Namdaemunno 5-ga, Jung-gu, Seoul, Korea

Building

CJ Bldg.

Zip Code

100-802

Tel

+82-2-726-8114

Fax

+82-2-726-8319  +82-2-6740-1023

E-mail

webmaster@cj.net

Website

www.cj.co.kr

Trading Address

CJ Bldg., 500, Namdaemunno 5-ga, Jung-gu, Seoul, Korea

Tel

+82-2-726-8114

Fax

+82-2-726-8319  +82-2-6740-1023

Trading Address-Seoul Branch

7th Fl., Hangyeong Bldg., 441, Jungnim-dong, Jung-gu, Seoul, Korea

Tel

+82-2-6740-0005

Fax

+82-2-6740-1002

Other Address-MD Team

292, Ssangnim-dong, Jung-gu, Seoul, Korea

Tel

+82-2-6390-8826

Fax

+82-2-6390-8880

Other Address-Daeso Factory

259, Daepung-ri, Daeso-myeon, Eumseong-gun, Chungcheongbuk-do, Korea

Tel

+82-43-530-7007

Fax

+82-43-535-3827

Other Address-Icheon Factory

34-3, Deokpyeong-ri, Majang-myeon, Icheon-si, Gyeonggi-do, Korea

Tel

+82-31-639-4114

Fax

+82-31-639-4004

Other Address-Icheon 2nd Factory

511, Deokpyeong-ri, Majang-myeon, Icheon-si, Gyeonggi-do, Korea

Tel

+82-31-639-4214

Fax

+82-31-639-4229

Other Address-Gimpo Factory

92, Gayang-dong, Gangseo-gu, Seoul, Korea

Tel

+82-2-3660-0740

Fax

+82-2-3660-0727

Other Address-Incheon 1st  Factory

7-121, Sinheungdong 3-ga, Jung-gu, Incheon, Korea

Tel

+82-32-881-2500

Fax

+82-32-881-2534

Other Address-Incheon 2nd  Factory

64, Sinheungdong 3-ga, Jung-gu, Incheon, Korea

Tel

+82-32-881-2615~7

Fax

+82-32-881-2608

Other Address-Incheon 3rd  Factory

51-1, Sinheungdong 3-ga, Jung-gu, Incheon, Korea

Tel

+82-32-881-2691

Fax

+82-32-881-2689

Other Address-Gunsan Factory

43, Soryong-dong, Gunsan-si, Jeollabuk-do, Korea

Tel

+82-63-460-7881

Fax

+82-63-460-7734

Other Address-Yeongdeunpo Factory

636, Guro-dong, Guro-gu, Seoul, Korea

Tel

+82-2-2629-5022

Fax

+82-2-2629-5015

Type

Export/Import

Industry

Manufacture of Glucose and Glucose Syrup, Maltose

  Main Business

Sugar, Wheat Flour, Medicine, Feeds

  Sub Business

Manufacture of Livestock Feeds and Prepared Animal Feeds

Established (mm/dd/yyyy)

09/04/2007

 

The Subject owns the premises of Gimpo Factory, Icheon Factory, Icheon Factory, Gunsan Factory and Yeongdeunpo Factory.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Frozen fish(50121537)

Sell

Formulas and products for nutritional support(42231800)

Sell

Shelf stable processed or prepared meats(50112003)

Sell

Dipping sauces or condiments or spreads or marinades(50171830)

Sell

Shampoos(53131628)

Sell

Prepared and preserved foods(50190000)

Sell

Skin care products(53131613)

Sell

Video games(60141104)

Sell

Shampoos(53131628)

Sell

Hair care supplies(53131602)

Sell

Shelf stable fruit(50101636)

Sell

Laundry products(47131811)

Sell

Cereal flour(50221102)

Sell

Cooking sauce(50171831)

Sell

Fresh meat or poultry(50111510)

Sell

Sport or energy drink(50202309)

Sell

Cleaning and disinfecting solutions(47131800)

Sell

Soaps(53131608)

Sell

Vinegars(50171707)

Sell

Baking mixes(50181708)

Sell

Toothpaste(53131502)

Sell

Natural sugars or sweetening products(50161509)

Sell

Prepared and preserved foods(50190000)

Sell

Pesticides or pest repellents(10191500)

Sell

Instant mixes and supplies(50193100)

Sell

Toothbrushes(53131503)

Sell

Skin care products(53131613)

Sell

Artificial sweetening agents(50161510)

Sell

Edible vegetable or plant oils(50151513)

Sell

Ready to eat or hot cereals(50221201)

Sell

Dry food for dogs(10121801)

Sell

Foot care products(53131614)

Sell

Edible vegetable or plant oils(50151513)

Sell

Hand or body lotions(53131607)

Sell

Fresh meat or poultry(50111510)

Sell

Cereal flour(50221102)

Sell

Bath gels(53131612)

Sell

Dishwashing products(47131810)

Sell

Tea drinks(50201712)

Sell

Sun protection products(53131609)

Sell

Razors(53131603)

Sell

Cosmetics(53131619)

Sell

Shaving creams(53131611)

Sell

Nail clippers(53131621)

Sell

Motion pictures on video tape(55111511)

Sell

Feminine hygiene products(53131615)

Sell

Coffee and tea(50201700)

Sell

Domestic spoons(52151704)

Sell

Towels(52121700)

Sell

Jams and jellies and nut and sweet spreads and fruit conserves(50192400)

Sell

Fresh bread(50181901)

Sell

Bird and fowl food(10121600)

Sell

Antineoplastic agents(51110000)

 

 

CEO’s

 

Name

Sohn Kyung-Shik

Address

-

Date of Birth

09/15/1939

Title

Chairman & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

72,062,330,000

Employees

6,002

Formation

Listed Company (Korea Stock Exchange : 097950) as of 09/28/2007

A Company of CJ Group

Bank Details

Woori Bank-Namsan Branch

Corporate Registered No.

110111-3748253

Business Registered No.

104-86-09535

Permit & Licenses

Int’l Trade No.: 30563678

Shareholder Position

Name

Shares

%

CJ CORP.(110111-0015639)

4,834,878

33.55

NATIONAL PENSION SERVICE(110171-0007134)

1,254,164

8.70

MIRAE ASSET GLOBAL INVESTMENTS CO., LTD.(110111-1441685)

657,196

4.56

TREASURY STOCK

364,005

2.53

OTHERS

7,302,223

50.67

TOTAL

14,412,466

100.00

Company History

09/ 2007 Incorporated (As of 09/01/2007, CJ CORP., has been split into two companies, CJ Corp., and CJ CHEILJEDANG CORPORATION. CJ Corp., exists as a Holding Company, and CJ CHEILJEDANG CORPORATION is newly established with taking the Manufacturing Business Division of CJ Corp.)

02/29/2008 Changed English company name to CJ CHEILJEDANG CORPORATION from CJ CHEILJEDANG CORP.

09/01/2009 Acquired SAM YANG OIL CO., LTD.(110111-0224298)

09/2010 Acquired CJ Global Holdings Limited

03/23/2011 Decide to acquire SHINDONGBANG CP CORPORATION(110111-0068555)

11/01/2011 Acquired HASUNJUNG GENERAL FOOD CO., LTD.(110111-0239833)

12/30/2011 Acquired KOREA EXPRESS CORPORATION(110111-0006167)

 

 

 

 

Management

 

Job Description

Title

Name

Nationality

Date of Birth

Education/Career

Chairman & CEO

Mr.

Sohn Kyung-Shik

Korean

1939.09.15

Seoul National University, Korea

Chairman & CEO

Mr.

Lee Jay-Hyun

Korean

1960.03.19

Korea University, Korea

President & CEO

Mr.

Kim Chul-Ha

Korean

1952.01.07

Seoul National University, Korea

Auditor

Mr.

Ju Sun-Hoi

Korean

1948.05.05

Prof. of Korea University

Outside Director

Mr.

Park Young-Bae

Korean

1949.04.25

Seoul National University, Korea

Outside Director

Mr.

Moon Chang-Jin

Korean

1953.03.02

Seoul National University, Korea

Outside Director

Mr.

Park Dae-Dong

Korean

1951.05.13

Seoul National University, Korea

 

Mr. Sohn Kyung-Shik

 

Education

MBA, Oklahoma State University (1968)

B.A. in Law, Seoul National University (1961)

 

Career

Chairman , CJ (Present)

Vice Chairman , Cheil Jedang Corporation (1993)

President,Vice Chairman,Samsung Fire & Marine Insurance Co., Ltd.(1997)

Marketing Manager , Samsung Electronics Co., Ltd. (1968)

Vice President, Korea Food Industry Association

Vice President, Korea Management Association

Member, Board of Directors, Naksan Scholarship Foundation

President , Supporter's Association, Seoul National University

Vice President , Seoul Chamber of Commerce

President, The Korea Chamber of Commerce Industry

 

Awards

Gold Medal of Industry (2002) - Government of Republic of Korea

CEO of the Year Award (2002) - Korea Management Association

Industrial Award of the Year 2001 - Century Top Management Club

 

Mr. Lee Jay-Hyun

 

Education

BA in Law, Korea University (1984)

 

Career

Chairman, CJ (Present)

Vice Chairman, Cheil Jedang Corporation (1997-2002)

Vice President, Cheil Jedang Corporation (1997)

Managing Director, Cheil Jedang Corporation (1993-1997)

Executive Director, Samsung Electronics Co., Ltd. (1993)

Senior Manager, Cheil Foods and Chemicals, Inc. (1985-1993)

Manager, Citibank-Seoul (1983-1985)

 

Awards

Named one of the Global Leaders for Tomorrow,

During the World Economic Forum (1996)

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

(*)2012

4,671,189,309,000

6,376,699,881,000

179,832,910,000

(*)2011

4,421,058,360,000

6,084,055,736,000

158,547,759,000

(*)2010

3,962,652,400,000

4,687,313,835,000

569,417,315,000

2009

3,838,732,304,000

4,028,579,524,000

272,139,112,000

2008

3,494,878,333,000

3,752,345,368,000

25,366,072,000

2007

1,002,840,555,000

2,197,278,564,000

16,261,823,000

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

 


Financial Description

 

Authorized Capital(KRW)

250,000,000,000

Paid-Up Capital(KRW)

72,062,330,000

Total Issues Shares

14,412,466

 

 

Balance Sheet

 

Unit : Thousand Korean Won

As of 12/31/2012

As of 12/31/2011

As of 12/31/2010

Total Assets

6,376,699,881

6,084,055,736

4,687,313,835

Current Assets

1,360,819,848

1,469,481,375

1,381,466,361

Cash & Cash Equivalents

63,389,730

43,425,157

148,845,781

Current Financial Instruments

18,144,905

19,225,249

114,878,645

Short-Term Receivables

26,330,702

22,694,065

24,594,563

Trade Receivables

452,036,361

511,472,480

454,983,990

Inventories

657,414,028

711,835,498

484,886,962

Other Current Financial Instruments

119,542,149

142,307,374

137,555,634

Other Current Assets

23,961,973

18,521,552

15,720,786

Non-Current Assets to be Sold

2,566,302

2,566,302

3,696,788

Non-Current Assets

5,013,313,731

4,612,008,059

3,302,150,686

Investment_Related Companies

1,633,188,964

1,541,987,718

581,363,775

Tangibles

2,246,501,032

2,194,273,747

1,951,305,434

Intangibles

241,331,162

162,721,556

67,847,676

Investment_Real Estates

162,858,808

166,360,592

166,292,354

Finance Lease Assets

61,324,562

0

0

Other Non-Current Financial Instruments

632,221,134

543,178,623

530,473,959

Other Non-Current Assets

35,888,069

3,485,823

4,867,488

Total Liabilities

3,663,798,593

3,634,720,463

2,141,103,029

Current Liabilities

1,605,871,594

2,261,502,989

1,441,545,686

Trade Payables

327,457,968

124,789,312

177,885,495

Short-Term Borrowings

668,525,679

1,187,005,289

388,391,018

Account Payables

274,127,484

271,247,559

230,481,158

Accrued Income Tax

8,741,248

37,427,875

126,438,402

Current Portion of Provisions

2,902,354

2,644,227

2,777,555

Current Portion of Long-Term Debts

150,526,184

452,147,119

334,264,054

Current Portion of Finance Lease

4,221,872

0

0

Other Current Finance Liabilities

136,917,862

149,556,775

143,294,537

Other Current Liabilities

32,450,943

36,684,833

38,013,467

Non-Current Liabilities

2,057,926,999

1,373,217,474

699,557,343

Debentures

1,194,189,823

647,504,276

249,511,151

Long-Term Borrowings

427,578,250

393,719,334

85,396,617

Finance Lease Debts

58,204,799

 

 

Provision for Severance & Retirement

33,594,339

27,094,817

20,194,731

Other Non-Current Financial Debts

14,265,193

19,102,651

9,333,514

Other Non-Current Liabilities

9,190,525

 

 

Deferred Income Tax Credit

320,904,070

285,796,396

335,121,330

Capital Stock

72,062,330

72,031,650

70,511,905

Capital Surplus

892,146,629

891,106,154

779,846,035

Others

147,146,172

19,570,732

348,036,973

Profit Surplus

1,601,546,157

1,466,626,737

1,347,815,893

Total Equity

2,712,901,288

2,449,335,273

2,546,210,806

Liab. & Shareholder’s Equity

6,376,699,881

6,084,055,736

4,687,313,835

 

 

Income Statement

 

Unit : Thousand Korean Won

As of 12/31/2012

As of 12/31/2011

As of 12/31/2010

Sales

4,671,189,309

4,421,058,360

3,962,652,400

Cost of Sold Goods

3,330,565,157

3,221,513,834

2,791,300,903

Gross Profit

1,340,624,152

1,199,544,526

1,171,351,497

Selling & Admin. Expenses

1,094,513,950

1,029,969,533

943,289,443

Operating Income

246,110,202

169,574,993

228,062,054

Other Operating Income

77,419,601

84,552,247

106,782,611

Other Operating Expenses

122,958,898

120,114,112

147,816,842

Finance Income

158,323,265

253,846,390

647,853,731

Finance Expenses

152,298,885

154,045,653

108,027,018

Profits from Investment on Related Companies

0

0

-37,195

Income Before Taxes

206,595,285

233,813,865

726,817,341

Income Taxes Expenses

26,762,375

75,266,106

157,400,026

Net Income

179,832,910

158,547,759

569,417,315

 

 

Cash Flows

 

Unit : Thousand Korean Won

As of 12/31/2012

As of 12/31/2011

As of 12/31/2010

Operating Activities Cash Flows

565,002,196

-152,009,748

180,202,638

Cash Flows from Operating

597,894,019

6,273,962

208,542,456

Income Taxes

-32,891,823

-158,283,710

-28,339,818

Cash Flows from Investing

-316,404,086

-1,341,138,790

500,851,616

Cash Flows from Financing

-228,624,029

1,387,714,986

-684,620,087

Increase/Decrease in Cash

19,964,573

-105,420,624

-3,564,637

Cash at the Beginning of Year

43,425,157

148,845,781

152,410,418

Cash at the End of Year

63,389,730

43,425,157

148,845,781

 

 

Products, Technologies, Services Description

 

Main Products & Services

Food & Food Service

The Food & Foodservice Division is the starting point and center of business for CJ. As the largest food & foodservice company in Korea, CJ is creating a dining culture of affluence to pursue the health and happiness of our customers through diverse products and services.

 

Bio Pharma

The Bioengineering Division of CJ is conducting bio-business activities on nucleic acids, as well as amino acids such as lysine and threonine, utilizing mass fermentation technology that complies with international standards. It is advancing in the pharmaceutical field as a leading company through the reestablishment of a business model focused first on generic products and improved new pharmaceuticals.

 

 

Trade Partners & Competitors

 

Customers

Department Stores, Super, Convenience Store, Discount Stores, Beverage companies, Feed Manufacturers

Competitors

SAMYANG CORPORATION(110111-0026181)

263, YEONJI-DONG, JONGNO-GU, SEOUL, KOREA

TEL:+82-2-740-7114  FAX:+82-2-743-7720

 

TS CORPORATION(120111-0018368)

6-14, BUKSEONGDONG 1-GA, JUNG-GU, INCHEON, KOREA

TEL:+82-32-770-1400  FAX:+82-32-770-1601

 

DAESANG CORPORATION(110111-0327125)

DAESANG BLDG., 96-48, SINSEOL-DONG, DONGDAEMUN-GU, SEOUL, KOREA

TEL:+82-2-2220-9500  FAX:+82-2-2232-3719

 


Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates-Domestic

CJ CORP.(110111-0015639)

CJ CGV CO., LTD.(110111-1673220)

SAMHO F&G INC.(110111-0215578)

(46.52% held by the subject company)

 

CJ HOME SHOPPING CO., LTD.(110111-1109134)

CJ FRESHWAY CORPORATION(180111-0083442)

CJ INTERNET CORP.(110111-0330962)

M-NET MEDIA CORP.(110111-1051814)

CJ DEVELOPMENT CO., LTD.(110111-0699079)

CJ SYSTEMS CO., LTD(110111-1138498)

CJ MEDIA INC.(110111-0972772)

CJ GLS(174811-0001141)

CJ VENTURE INVESTMENT CO., LTD.(110111-1882459)

CJ FOODVILLE CORP.(161511-0036967)

CJ HELLOVISION CO., LTD.(110111-1144297)

JOY RENT A CAR(110111-1235674)

CJ TELENIX CO., LTD.(110111-2146888)

CJ MD1 CORP.(110111-2593758)

(100.0% held by the subject company)

 

SAM YANG OIL CO., LTD.(110111-0224298)

CJ OLIVEYOUNG CO., LTD.(110111-2641565)

CJ HELLOVISION HAEUNDAEGIJANG BROADCASTING CO., LTD(180111-0153576)

SHINDONGBANG CP CORPORATION(110111-0068555)

(99.72% held by the subject company)

 

CJ JOYCUBE CO., LTD.(110111-1453953)

CJ POWERCAST INC.(131111-0107572)

CJ TVN CO., LTD.(110111-2949373)

CJNGCK KOREA(110111-2950982)

ART SERVICE(110111-2356429)

PRIMUS CINEMA(110111-2587090)

SUPER FEED CO., LTD.(141211-0031313)

(99.99% held by the subject company)

 

DONDON FAR CO., LTD.(134511-0083185)

SC LOGIS CO., LTD.(110111-1960362)

CJ IG CO., LTD.(110111-3157199)

JS COMMUNICATIONS(110111-3269043)

ANIPARK CO., LTD.(110111-1896286)

GAMEALLO CO., LTD(110111-2098063)

Affiliates-Domestic

CHAMP VISION INC.(110111-3167081)

CJ SPORTS CO., LTD.(110111-3338947)

CJ N CITY CO., LTD.(110111-3350016)

CJ ENTERTAINMENT INC.(110111-1445231)

GOOD CONCERT CO., LTD.(110111-1985013)

CJ HELLOVISION DREAMCITY BROADCASTING CO., LTD(121111-0057331)

DREAM NETWORKS CO., LTD.(121111-0108639)

TRAUM HOUSING CO., LTD.(134111-0143309)

C&I LEISURE INDUSTRY CORP.(110111-3477969)

SUN TV(110111-3175183)

CJ HELLOVISION YOUNGNAM BROADCASTING CO., LTD.(171111-0004986)

CJ MOOTER INC.(110111-3538175)

BROADBAND SOLUTIONS, INC.(110111-2165177)

HASUNJUNG GENERAL FOOD CO., LTD.(110111-0239833)

(100.0% held by the subject company)

 

CHUNGNAM CABLE TV BROADCASTING CORPORATION(165011-0005273)

KM TV(134111-0122816)

CJ STORY HUB CULTURE INDUSTRY LTD.(110114-0067676)

CLIP SERVICE INC.(110111-1908693)

CJ HELLOVISION JOONG-ANG BROADCASTING CO., LTD(180111-0031566)

CJ CABLENET GEUM-JEONG CO., LTD(180111-0371558)

GAGUM YUSUN BROADECASTING CO., LTD.(180111-0298786)

KOREAN CABLE TV MODOO BROADCASTING CO., LTD.(161111-0007841)

E&C INFRA CO., LTD.(110111-3815193)

HWASUNG BONGDAM PFV(110111-3825241)

D-CINEMA KOREA(110111-3837501)

CJ WORLDIS CO., LTD.(110111-3870527)

SEJUNG DMS CO., LTD.(110111-1596117)

INTERNATIONAL MEDIA GENIUS CO., LTD.(110111-3008673)

O MEDIA HOLDINGS CO., LTD.(110111-4434554)

Affiliates-Overseas

CJ AMERICA, INC.

CJ BAKERY, INC.

CJ PACIFIC CORP.

LEE ENTERTAINMENT L.L.C.

CJ EUROPE GMBH

CJ ORD RIVER SUGAR PTY, LTD.

PT.C.J. INDONESIA

PT.C.J. SUPERFEED

PT. SUPERUNGGAS JAYA

PT. CJ FEED JOMBANG

CJ PHILIPPINES, INC.

CJ DONDON FARM CO., INC

CJ VINA AGRI CO., LTD.

CJ CHINA, LTD.

CJ QINGDAO FOODS CO., LTD.

CJ BEIJING BEVERAGE & FOODS CO., LTD.

CJ CHENGDU FEED CO., LTD.

CJ JAPAN CORP., CJ SHENYANG FEED CO., LTD

CJ QINGDAO FEED CO., LTD.

CJ LIAOCHENG BIOTECH CO., LTD.

CJ GUIYANG FEED CO., LTD.

CJ ZHENGZHOU FEED CO., LTD

CJ NANJING FEED CO., LTD.

CJ TUR YEM VE T.A.S.

CJ BEIJING BAKERY CO., LTD.

CJ TIANJIN FEED CO., LTD.

CJ HARBIN FEED CO., LTD.

CJ INTERNET, INC.

CJ ENTERTAINMENT AMERICA L.L.C.

CJ INTERNET JAPAN CORP.

CJ DO BRASIL LTDA.

CJ MEDIA JAPAN CO., LTD.

ANNIE CHUN'S, CJ(QINGDAO) GLS INC.

CJ FOOD SERVICE CO. LTD.

CJ GLS ASIA PTE.LTD.

LIAOCHENG LANTIAN COGENERATION PLANT CO., LTD.

SHANGHAI SHANGYING CGV CINEMA CO., LTD.

Affiliates-Overseas

CJ NUTRACON PTY.

CJ CHANGSHA FEED CO., LTD.

CJ FOOD SERVICE(SANGHAI) CO., LTD.

PT.CJ GLS INDONESIA

CJ GLOBAL HOLDINGS LIMITED

CJ GLS MALAYSIA SDN.BHD

CJ GLS(C) SHANGHAI CO., LTD.

CJ GLS HONG KONG LIMITED

CJ LOGISTICS NETHERLANDS B.V.

CJ GLS PHILIPPINES., INC.

CJ GLS(S) AIR FREIGHT PTE LTD.

CJ GLS(S) INFOTECH PTE LTD.

CJ GLS(S) SHIPPING PTE LTD.

CONPAC WAREHOUSING PTE LTD.

CJ INTERNATIONAL ASIA PTE. LTD.

CJ CGV AMERICA HOLDINGS, INC

CJ CGV AMERICA LA, LLC.

CJ GLS AMERICA, INC., CJ OMNI, INC.

TOUS LES JOURS USA, LLC.

CJ FEED INDIA PRIVATE LIMITED

CJIT2 HOLDING LIMITED

CJ BAKERY VIETNAM CO., LTD

CJ HOME SHOPPING (BEIJING) CO., LTD.

CJ INTERNATIONAL TRADING CO., LTD.

CJ FOOD COURT, LLC

CJ GLS CENTRAL AMERICA

S.A. DE C.V.

CMI HOLDINGS LIMITED.

EC DISTRIBUTION SND BHD

EC LOGISTICS(M) SDN BHD

EC SERVICE ENTERPRISE SDN BHD

KWIK ENTERPRISE SDN BHD

QUICK LOGISTICS(M) SDN BHD

SUPPLYCHAINSERVICE SDN BHD

Subsidiary

SAM YANG OIL CO., LTD.(110111-0224298)

(99.99% held by the subject company)

 

SHINDONGBANG CP CORPORATION(110111-0068555)

(99.72% held by the subject company)

 

HWASUNG BONGDAM PFV(110111-3825241)

(100.0% held by the subject company)

 

CJ LIAOCHENG BIOTECH CO., LTD.

(100.0% held by the subject company)

 

CJ DO BRASIL IND. COM. PROD. ALIM. LTDA.

(99.99% held by the subject company)

 

CJ AMERICA INC.

(100.0% held by the subject company)

 

CJ CHINA LTD.

(99.66% held by the subject company)

 

PT CHEIL JEDANG INDONESIA

(99.99% held by the subject company)

 

CJ QINGDAO FOODS CO., LTD.

(100.0% held by the subject company)

 

CJ BEIJING BEVERAGE CO., LTD.

(100.0% held by the subject company)

Subsidiary

CJ ORD RIVER SUGAR PTY., LTD.

(52.53% held by the subject company)

 

CJ EUROPE GMBH.

(100.0% held by the subject company)

 

ANNIE CHUN'S INC.

(84.99% held by the subject company)

 

CJ PACIFIC CORP.

100.0% held by the subject company)

 

CJ NUTRACON PTY., LTD

(100.0% held by the subject company)

 

LIAOCHENG LANTIAN COGENERATIONS PLANT CO., LTD.

(100.0% held by the subject company)

 

BEIJING ERSHANG CJ FOOD CO., LTD

(49.0% held by the subject company)

 

CJ OMNI INC.

(87.05% held by the subject company)

 

CJ INTERNATIONAL TRADING CO., LTD

(100.0% held by the subject company)

 

CJ PHARMA RESEARCH INDIA PVT. LTD

(100.0% held by the subject company)

 

CJ&HACL FOODTECH CO., LTD

(38.11% held by the subject company)

Cooperative Enterprise

-Technical Support from

YAKURT(JAPAN)

HORMEL

 

 

Sales by Region

(Activity & Markets)

 

Sales/ Unit :Thousand KRW

2010

2009

2008

Export

262,446,531

248,249,933

198,815,514

Domestic

3,697,144,351

3,587,966,976

3,294,004,083

Others

3,061,518

2,515,395

2,058,736

Total

3,962,652,400

3,838,732,304

3,494,878,333

 

The subject mainly exports to South East Asia, North America and Europe.

 

 

Court Action

 

Case No.

Court

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

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

Cause

Amount (Million KRW)

Status

 

 

The Subject Company

Kookmin Bank

Refund of Inappropriate Profit

2,852

proceeding

 

 

News Clipping

 

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FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.65

UK Pound

1

Rs.82.41

Euro

1

Rs.70.08

 

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%)

 

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.