|
Report Date : |
12.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
CHEMON
CORPORATION |
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|
|
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Registered Office : |
275-2, Yangjae 2-dong, Seocho-gu, Seoul |
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Country : |
South Korea |
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Date of Incorporation : |
06.09.2002 |
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Com. Reg. No.: |
214-87-18866 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesale of Synthetic Rubber and Plastics Materials |
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No. of Employees : |
6 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name |
CHEMON
CORPORATION (Korean
Company Name : “(주)켐온”) |
|
Registered
Address |
275-2,
Yangjae 2-dong, Seocho-gu, Seoul, Korea |
|
Building |
Rm. 1217, Windstone Officetel |
|
Zip Code |
137-722 |
|
Tel |
+82-2-6289-0906 |
|
Fax |
+82-2-6289-0909 |
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E-mail |
|
|
Trading Address |
Rm. 1217,
Windstone Officetel, 275-2, Yangjae 2-dong, Seocho-gu, Seoul, Korea |
|
Tel |
+82-2-6289-0906 |
|
Fax |
+82-2-6289-0909 |
|
Type |
Export/Import |
|
Industry |
Wholesale of Synthetic Rubber and Plastics
Materials |
|
Main
Business |
Plastic Resin, Propylene, PP, PE, HDPE,
LDPE, LLDPE, Petrochemical Product |
|
Established
(mm/dd/yyyy) |
09/06/2002 |
The Subject Company occupies the premises of registered HQ address by
leasing base.
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Plastic
resins(13111059) |
|
Sell |
Polypropylene
PP(13102022) |
|
Name |
Back Young-Rim |
|
Address |
Suite
103-1302, 615-1, Irwon-dong ,Gangnam-gu, Seoul, Korea |
|
Date of
Birth |
08/28/1966 |
|
Title |
President
& CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital
(KRW) |
100,000,000 |
|
Employees |
6 |
|
Formation |
Co., Ltd by
shares |
|
Bank Details |
Industrial
Bank of Korea-Yangjae Dong Branch |
|
Corporate
Registered No. |
110111-2605074 |
|
Business
Registered No. |
214-87-18866 |
|
Permit &
Licenses |
Int’l Trade
No.:
45045835 |
|
Shareholder
Position |
N/A |
|
Company
History |
09/06/2002
Incorporated as the present name 08/19/2005 Increased
capital to 100,000,000 KRW from 50,000,000 KRW 11/2005
AwardedUS$20 Million Export Top Prize 04/09/2009 Moved
to the present HQ address from Rm. 1110, Windstone Officetel, 275-2, Yangjae
2-dong, Seocho-gu, Seoul, Korea |
|
|
|
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Back Young-Rim |
Male |
Korean |
09/06/2002 |
|
Director |
Mr. |
Cha Won-Ho |
Male |
Korean |
08/25/2005 |
|
Director |
Mr. |
Hong Ki-Sun |
Male |
Korean |
08/25/2005 |
|
Director |
Mr. |
Lee Bong-Joo |
Male |
Korean |
08/18/2005 |
|
Auditor |
M/S. |
Ma Hee-Jeon |
Female |
Korean |
03/30/2005 |
Financials
|
Year / Unit
: KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2010 |
|
|
|
|
2009 |
107,242,000,000 |
8,473,000,000 |
946,000,000 |
|
2008 |
100,854,000,000 |
8,764,000,000 |
-447,000,000 |
|
2007 |
77,563,900,000 |
5,924,000,000 |
225,750,000 |
|
2006 |
81,374,000,000 |
|
362,950,000 |
|
2005 |
50,179,000,000 |
|
380,520,000 |
|
2004 |
28,202,000,000 |
|
263,000,000 |
|
2003 |
20,856,000,000 |
|
43,000,000 |
The latest
financial is not available, and the subject company does not have any
obligation to release its financials to the public.
Financial Description
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
100,000,000 |
|
Total Issues
Shares |
20,000 |
|
Main Products & Services |
Plastic Resin, Petrochemical Product Brand Name:
HI-PRENE |
|
Competitors |
CRESCO
CORPORATION LTD. RM. 407,
GWANGHWAMUN OFFICIA, 163, SINMUNNO 1-GA, JONGNO-GU, SEOUL, KOREA TEL:+82-2-3276-3777 FAX:+82-2-3276-3779 SAMMIN
CORPORATION RM. 408, DAEGWANG
BLDG., 7-15, NONHYEON 1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-547-2556 FAX:+82-2-547-2559 JUNGWOO
CORPORATION 2ND FL.,
JEONG-U BLDG., 1552-8, SEOCHO 3-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-523-9661 FAX:+82-2-523-9671 |
|
Sales/ Unit
:Mil KRW |
2011 |
2010 |
2009 |
|
Export |
|
|
|
|
Domestic |
|
|
|
|
Total |
|
|
|
The Subject deals with the companies in Bangladesh,
China, Indonesia, Philippines, Vietnam, USA, South America and Middle America.
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
UK Pound |
1 |
Rs.81.09 |
|
Euro |
1 |
Rs.70.61 |
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.