|
Report Date : |
30.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
LG MMA CORPORATION |
|
|
|
|
Registered Office : |
759, Jungheung-dong, Yeosu-si,
Jeollanam-do, Korea 555-805 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
28.03.1991 |
|
|
|
|
Com. Reg. No.: |
417-81-05600 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Manufacture of Synthetic Resin and Other Plastic Materials |
|
|
|
|
No. of Employees : |
242 |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 is currently the world's 12th largest economy.
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. Korea's export focused economy was
hit hard by the 2008 global economic downturn, but quickly rebounded in
subsequent years, reaching 6.3% growth in 2010. The US-South Korea Free Trade
Agreement was ratified by both governments in 2011 and went into effect in
March 2012. Throughout 2012 the economy experienced sluggish growth because of
market slowdowns in the United States, China, and the Eurozone. The incoming
administration in 2013, following the December 2012 presidential election, is
likely to face the challenges of balancing heavy reliance on exports with
developing domestic-oriented sectors, such as services. 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 |
LG MMA CORPORATION (Korean Company Name : “LG엠엠에이(주)”) |
|
Registered Address |
759, Jungheung-dong, Yeosu-si,
Jeollanam-do, Korea |
|
Zip Code |
555-805 |
|
Tel |
+82-61-688-2500 |
|
Fax |
+82-61-688-2565 |
|
E-mail |
lgmma@lgmma.com |
|
Website |
www.lgmma.com |
|
Trading Address |
27FL., ONE IFC, 10, Gukjegeumyung-ro,
Yeongdeungpo-gu, Seoul, Korea |
|
Tel |
+82-2-6930-3800 |
|
Fax |
+82-2-3770-1209 |
|
Other Address-PMMA 1 Plant |
70-1, Hwachi-dong, Yeosu-si, Jeollanam-do,
Korea |
|
Tel |
+82-1-680-1721 |
|
Fax |
+82-61-680-6034 |
|
Other Address-PMMA 2 Plant |
762-5, Jungheung-dong, Yeosu, Jollanam-do, Korea |
|
Tel |
+82-61-690-3952 |
|
Fax |
+82-61-690-3988 |
|
Other Address-MMA 2 Plant |
762-4, Jungheung-dong, Yeosu-si, Jeollanam-do, Korea |
|
Tel |
+82-61-690-3931 |
|
Fax |
+82-61-690-3949 |
|
Other Address-R&D Center |
104-1, Munji-dong, Yuseong-gu, Daejeon, Korea |
|
Tel |
+82-42-866-5828 |
|
Fax |
+82-42-866-5799 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Synthetic Resin and Other Plastic Materials |
|
Main Business |
Methyl Methacrylate, Poly Methylmethacrylate, Methacrylic Acid |
|
Sub
Business |
Wholesale of Industrial Basic Chemicals |
|
Established (mm/dd/yyyy) |
03/28/1991 |
The Subject owns
the premises of Registered Address/ MMA 1 Plant and
MMA 2 Plant.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Acrylic resins(13111064) |
|
Sell |
Polymethylacrylate(13111053) |
|
Sell |
Chemistry reagents or solutions(41116105) |
|
Sell |
Resins(13111000) |
|
Name |
Kwak Byung-Koo |
|
Address |
Suite 1421-606, 130, Mokdongdong-ro,
Yangcheon-gu, Seoul, Korea |
|
Date of Birth |
09/23/1959 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
24,000,000,000 |
|||||||||||||||
|
Employees |
242 |
|||||||||||||||
|
Formation |
Co., Ltd by shares A Company of LG Business Group Foreign Direct Investment Corporation by Japan |
|||||||||||||||
|
Bank Details |
Shinhan Bank-Yoido Nam Branch Korea Development Bank |
|||||||||||||||
|
Corporate Registered No. |
206211-0001805 |
|||||||||||||||
|
Business Registered No. |
417-81-05600 |
|||||||||||||||
|
Permit & Licenses |
12/27/2004 ISO 9001 10/12/2005 ISO 14001 10/29/2007 ISO 9001 2003 Acquired ISO/TS 16946 certification 1998 Won a certificate for an accident-free
record 1998 Became the certified first-class firm
in the safety and health control 1996 Acquired ISO 14001 Certificate 1995 Acquired ISO 9002 Certificate UL :Product safety testing and
certification system of the United States to ensure safety of products and
protect consumers. Products with UL mark can be sold in all over the America,
and can enter the US federal government procurement market as well. UL mark
is mandatory for a plastic resin applied to electric and electronic packing
material, and proper resin needs to be selected in manufacturing the product. JHPC :Certification of Japan High Polymer
Center RoHS :Restriction of Hazardous Substances
defined by European Union (EU), restricting the use of products containing
non-environmental friendly substances like cadmium, lead, mercury, hexavalent
chromium, and the brominated flame retardants PBBs/PBDEs. AMECA :Standard for automotive parts
material, released by AMECA (Automotive Manufacturers Equipment Compliance
Agency). Click LG MMA in the table of contents to see the certified products
and colors. MSDS :Data prepared by the company
producing, importing, or dealing with chemical substance, based on the hazard
assessment of the substance. It provides the employees and end users with the
necessary information to safely handle chemical substance to prevent
industrial accidents or occupational diseases caused by chemical substances.
MSDS should be delivered to the user when selling or transferring chemical
substance. CSDS (Chemical Safety Data Sheets), ICSC (International Chemical
Safety Cards), SDS (Safety Data Sheets) are alternate terms used to refer to
the same data. Int’l Trade No.: 124269 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
04/16/2012 Moved to the present trading address
from 12th Fl., Yuhwa Securities Bldg., 23-7, Yeoeuido-dong, Yeongdeungpo-gu,
Seoul, Korea 2008 Completion of MMA Plant 3 and
commercial manufacture expected 2006 Started construction of MMA Plant 3 2005 Completed PMMA Plant 2 2005 Rewarded as an exemplary honest
taxpayer 2004 Won the Innovation Award of medium
business at Korea Financial Management Award 2003 Completed MMA Plant 2 2003 Won 6 Sigma Innovation Award in
National Quality Management Convention
2003 Acquired ISO/TS 16946 certification 2002 Achieved aggregated 30 million USD 2002 Enlarged PMMA Plant by 60% 2001 Started to build up MMA 2nd Plant 2000 Became the best firm for safety
control by the Yochon Industry Complex 09-2000 Co-Presidents & CEO: Mr.
Cha-Sup Koo and Mr. Sanjeonjeok 1999 Decorated with the Golden Top Order
for Industrial Service Merit 12/31/1998 Signed an PMMA Plant Takeover
Agreement of LG Chem., Ltd. 1998 Won the grand prize for safety
management in the chemical industry 1998 Won a certificate for an
accident-free record 1998 Became the certified first-class firm
in the safety and health control 04-1998 Moved its headquarters to 759, Jungheung-Dong, Yeosu-Si, Jeonnam-Do 1997
Enhanced MAA manufacturing devices and MTBE production capacity 1997 Won the
Quality Management Prize at the National Quality Management Competition 1996
Acquired ISO 14001 Certificate 1996 Signed
MMA Manufacturing Technology Introduction Agreement 1996
Enlarged MMA Plant by 20% 1995
Acquired ISO 9002 Certificate 1995 Changed
the name to LG MMA 1994 Introduced
Total Information System to Physical Distribution, Production and Finance 1993
Produced MMA for the first time in Korea 1993
Completed MMA/MTBE Plant 1991 Signed
MMA Manufacturing Technology Introduction Agreement 03-1991
Incorporated as LUCKY MMA CORP.(a Joint-Venture with LG Chem CO., Ltd.,
Korea, and Sumitomo Chemical Co., Ltd., Japan.) |
|||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Co-President & CEO |
Mr. |
Kwak Byung-Koo |
Male |
Korean |
01/02/2012 |
|
Co-President & CEO |
Mr. |
Yamada Kohichiro |
Male |
Japanese |
03/21/2013 |
|
Director |
Mr. |
Kim Ban-Seok |
Male |
Korean |
03/31/2006 |
|
Director |
Mr. |
Arita Yoshihiro |
Male |
Japanese |
03/31/2006 |
|
Director |
Mr. |
Kim Bong-Soo |
Male |
Korean |
09/01/2007 |
|
Director |
Mr. |
Yamamoto Joon |
Male |
Japanese |
09/01/2007 |
|
Director |
Mr. |
Park Jin-Soo |
Male |
Korean |
03/22/2012 |
|
Director |
Mr. |
Yoon Kyung-Sun |
Male |
Korean |
02/02/2009 |
|
Director |
Mr. |
Simoda Hisashi |
Male |
Japanese |
03/21/2013 |
|
Director |
Mr. |
Sakuma Kazhiro |
Male |
Japanese |
06/07/2010 |
|
Director |
Mr. |
You Ji-Young |
Male |
Korean |
03/24/2011 |
|
Director |
Mr. |
Machumoto Mobuyaki |
Male |
Japanese |
03/24/2011 |
|
Auditor |
Mr. |
Lee Dong-Eon |
Male |
Korean |
03/24/2011 |
|
Auditor |
Mr. |
Machida kenichiro |
Male |
Japanese |
04/02/2012 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
587,248,797,405 |
482,295,772,479 |
45,654,453,796 |
|
|
2011 |
638,420,801,122 |
555,700,104,956 |
119,227,173,783 |
|
2010 |
562,733,359,475 |
523,081,727,196 |
98,853,225,581 |
|
2009 |
461,342,873,337 |
502,790,052,605 |
55,097,544,357 |
|
2008 |
409,265,991,274 |
526,674,927,511 |
30,192,209,832 |
|
2007 |
326,463,195,624 |
457,737,104,391 |
33,996,100,837 |
|
2006 |
287,451,748,276 |
301,857,650,945 |
27,947,359,124 |
|
2005 |
269,608,331,403 |
270,478,758,222 |
45,385,171,955 |
|
2004 |
223,544,912,665 |
243,659,444,214 |
39,799,167,163 |
|
2003 |
192,878,098,749 |
218,047,327,087 |
27,600,147,954 |
|
Authorized Capital(KRW) |
24,000,000,000 |
|
Paid-Up Capital(KRW) |
24,000,000,000 |
|
Total Issues Shares |
2,400,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
482,295,772,479 |
555,700,104,956 |
523,081,727,196 |
|
Current
Assets |
232,942,595,546 |
283,953,529,372 |
231,386,318,560 |
|
Cash & Cash Equivalents |
57,339,338,181 |
79,804,485,754 |
64,454,770,223 |
|
Trade Receivables & Other
Receivables |
61,234,254,876 |
67,629,882,803 |
68,992,438,317 |
|
Current Financial Instruments |
- |
1,842,967,405 |
6,285,157,451 |
|
Other Current Assets |
9,473,810,423 |
8,044,684,227 |
8,622,247,292 |
|
Inventories |
104,895,192,066 |
126,631,509,183 |
83,031,705,277 |
|
Non-Current
Assets |
249,353,176,933 |
271,746,575,584 |
291,695,408,636 |
|
Long-Term Trade Receivables &
Other Receivables |
6,673,584,640 |
6,255,367,980 |
6,010,679,764 |
|
Non-Current Financial Instruments |
|
|
1,558,412,006 |
|
Deferred Income Tax Assets |
2,052,909,656 |
2,194,103,691 |
1,877,629,191 |
|
Tangibles |
238,471,469,533 |
261,463,550,451 |
280,588,698,428 |
|
Intangibles |
2,155,213,104 |
1,833,553,462 |
1,659,989,247 |
|
Total
Liabilities |
56,396,088,374 |
113,951,190,263 |
159,282,312,992 |
|
Current
Liabilities |
55,082,482,355 |
112,641,068,905 |
148,667,806,712 |
|
Trade Payables & Other
Payables |
39,534,497,431 |
69,717,058,956 |
49,702,731,576 |
|
Short-Term Borrowings |
10,047,679,435 |
18,747,873,809 |
74,314,117,977 |
|
Accrued Income Tax |
4,904,506,211 |
23,598,013,387 |
23,869,769,678 |
|
Other Current Liabilities |
595,799,278 |
578,122,753 |
781,187,481 |
|
Non-Current
Liabilities |
1,313,606,019 |
1,310,121,358 |
10,614,506,280 |
|
Provision for Severance &
Retirement |
1,313,606,019 |
1,310,121,358 |
174,724,763 |
|
Long-Term Borrowings |
|
|
10,439,781,517 |
|
Capital
Stock |
24,000,000,000 |
24,000,000,000 |
24,000,000,000 |
|
Capital Surplus |
29,041,064,441 |
29,041,064,441 |
29,041,064,441 |
|
Others |
- |
-36,768,248 |
-760,762,044 |
|
Profit Surplus |
372,858,619,664 |
388,744,618,500 |
311,519,111,807 |
|
Total Equity |
425,899,684,105 |
441,748,914,693 |
363,799,414,204 |
|
Liab. & Shareholder’s Equity |
482,295,772,479 |
555,700,104,956 |
523,081,727,196 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
587,248,797,405 |
638,420,801,122 |
562,733,359,475 |
|
Cost
of Sold Goods |
-507,402,936,254 |
-464,349,093,656 |
-407,362,436,861 |
|
Gross
Profit |
79,845,861,151 |
174,071,707,466 |
155,370,922,614 |
|
Selling
& Admin. Expenses |
-21,778,072,542 |
-18,634,365,973 |
-17,758,354,560 |
|
Operating
Income |
58,067,788,609 |
155,437,341,493 |
135,682,779,864 |
|
Non-Operating
Income |
342,331,688 |
253,961,178 |
-5,935,905,931 |
|
Other Income |
3,769,846,399 |
3,737,152,094 |
4,265,969,345 |
|
Other Expenses |
-4,445,220,352 |
-4,127,598,825 |
(6,195,757,535) |
|
Finance
Income |
1,854,168,029 |
2,825,744,507 |
2,530,677,429 |
|
Finance
Expenses |
-836,462,388 |
-2,181,336,598 |
-8,344,183,360 |
|
Non-Operating
Expenses |
|
|
-122,400,000 |
|
Income
Before Taxes |
58,410,120,297 |
155,691,302,671 |
129,746,873,933 |
|
Income
Taxes Expenses |
-12,755,666,501 |
-36,464,128,888 |
-30,893,648,352 |
|
Net
Income |
45,654,453,796 |
119,227,173,783 |
98,853,225,581 |
Cash
Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Operating
Activities Cash Flows |
64,512,507,230 |
138,273,603,970 |
116,737,323,287 |
|
Cash Flows from Operating |
93,839,061,811 |
174,986,290,800 |
142,406,354,956 |
|
Interests Received |
1,802,780,040 |
2,192,120,017 |
1,137,624,603 |
|
Interests Paid |
-301,430,751 |
-1,852,447,168 |
-6,510,754,192 |
|
Income Taxes |
-30,827,903,870 |
-37,052,359,679 |
-20,295,902,080 |
|
Cash
Flows from Investing |
-20,312,689,790 |
-23,007,871,527 |
-13,602,896,606 |
|
Cash Inflow from Investing |
64,698,600 |
272,980,818 |
542,723,976 |
|
Cash Outflows for Investing |
-20,377,388,390 |
-23,280,852,345 |
-14,145,620,582 |
|
Cash
Flows from Financing |
-66,664,965,013 |
-99,916,016,912 |
-92,426,052,602 |
|
Cash Inflows from Financing |
10,191,434,468 |
38,372,111,676 |
43,674,267,694 |
|
Cash Outflows from Financing |
-76,856,399,481 |
-138,288,128,588 |
-136,100,320,296 |
|
Increase/Decrease
in Cash |
-22,465,147,573 |
15,349,715,531 |
10,708,374,079 |
|
Cash at
the Beginning of Year |
79,804,485,754 |
64,454,770,223 |
53,746,396,144 |
|
Cash at
the End of Year |
57,339,338,181 |
79,804,485,754 |
64,454,770,223 |
|
Main Products & Services |
METHYL METHACRYLATE(MMA) POLY METHYLMETHACRYLATE(PMMA) METHACRYLIC ACID(MAA) MMA Subject company produced MMA for the first
time in Korea in 1993. MMA is widely used in various industries as a raw
material for transparent plastic resins such as PMMA, optical fiber
materials, paints and adhesives. PMMA MMA is used for the automotive industry,
components of electric and electronic products, and construction materials
for its excellent transparency, weatherability and colorability. Our products
are well recognized worldwide for their excellency: they meet the various
international standards, which include the flame retardant standard from UL
and CSA, the AMECA standard for automotive vehicles, and the JHPC directive
of the Ministry of Health in Japan. |
|
Detailed Products Spec. |
MMA: 100,000 M/T PMMA : 90,000 M/T |
|
Suppliers |
LG CHEM, LTD. LG PETROCHEM. CO., LTD. CS CALTEX CORPORATION LG CNS CO., LTD. LG INTERNATIONAL CORP. GS ENGINEERING & CONSTRUCTION CORP. SHINHAN APEX CORPORATION |
|
Customers |
LG CHEM, LTD. LG PETROCHEM. CO., LTD. LG INTERNATIONAL CORP. GS ENGINEERING & CONSTRUCTION CORP. |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates-Domestic |
LG CORP.(110111-0003543) LG ELECTRONICS INC.(110111-2487050) LG CHEM LTD.(110111-2207995) LG DACOM CORPORATION(110111-0315948) LG INTERNATIONAL CORP(110111-0004632) LG CHEM LTD.(110111-2207995) LG HOUSEHOLD & HEALTH CARE LTD.(110111-2208000) LG LIFE SCIENCES CO., LTD.(110111-2581183) LG DISPLAY CO., LTD.(110111-0393134) LG TELECOM CO., LTD.(110111-1296676) LG INNOTEK CO., LTD.(110111-0192180) LG MICRON LTD.(175311-0001075) LG DOW POLYCARBONATE CO.,
LTD.(206211-0014519) LG CNS CO., LTD.(110111-0516695) LG SPORTS CO., LTD.(110111-0359300) LG MANAGEMENT DEVELOPMENT INSTITUTE CO.,
LTD.(110111-0423494) SILTRON INCORPORATED(175311-0001348) LG MMA CORPORATION(206211-0001805) DACOM MULTIMEDIA INTERNET
CORPORATION(110111-1905441) DACOM CROSSING CORPORATION(110111-2234683) SERVEONE(110111-2411520) LG N SYS CO., LTD.(110111-2397027) HIPLAZA CO., LTD.(131111-0028801) LG POWERCOM CORPORATION(110111-1863889) HI BUSINESS LOGISTICS CO.,LTD. V-ENS CO., LTD.(120111-0334897) LUSEM CO., LTD.(176011-0038073) CS LEADER CO., LTD.(110111-2271924) AIN TELE SERVICE CO., LTD.(180111-0367581) BIZ TECH & EKTIMO CO.,
LTD.(110111-2689507) LG SOLAR ENERGY INC.(110111-3759408) COCA-COLA BEVERAGE CO.,
LTD.(110111-1342130) UCESS PARTNERS CO., LTD.(110111-3798026) SYSTEM AIR-CON ENGINEERING
INCORPORATION(110111-3371989) JIHEUNG CO., LTD.(180111-0630053) CS ONE PARTNER CORPORATION(110111-3961756) SEETECH CO., LTD. TWIN WINE CO., LTD.(110111-3791129) KOREA COMMERCIAL VEHICLE CO.,
LTD.(200111-0105200) GIOVINE CO., LTD.(110111-3942714) PIXDIX CO., LTD.(110111-3947657) |
|
Affiliates-Overseas |
LG INNOTEK HUIZHOU CO.,LTD SERVEONE(NANJING) COMPANY LIMITED ARCELIC-LG KLIMA SANAYI VE TICARTE
A.S(LGEAT) BEIJING LG HOUSEHOLD CHEMICAL CO., LTD. CCKBC(NETHERLANDS)HOLDING Ⅰ BV CCKBC(NETHERLANDS)HOLDING Ⅱ BV COMPACT POWER INC. DACOM AMERICA INC. DE ZWARTE PONK B.V.(DZP) EIC PROPERTIES PTE.LTD. ELECTROMAGNETICA GOLDSTAR S.R.L EPC MUNAI LLP FOSCO B.V. GFTZ LG INTERNATIONAL LTD. GLOBAL PROFESSIONAL SOURCING CO., LTD GUANGZHOU NEW VISION TECHNOLOGY RESEARCH
AND DEVELOPMENT LIMITED HANGZHOU LG COSMETICS CO., LTD. HI LOGISTICS CHINA HI LOGISTICS EUROPE B.V. LANCHAO LG(YANTAI)DIGITAL MOBILE TECH&
DEVELOP.CO. INSPUR LG DIGITAL MOBILE COMMUNICATIONS
CO., LTD. LG (TIMOR SEA 06-102) LTD LG (YANTAI) INFORMATION & COMMUNICATION
TECH. LG ALINA ELECTONICS(LGERI) LG CHEM BRASIL INTERMEDICAO DE NEGOCIOS DO
SETOR QUIMICO LTDA. LG CHEM DISPLAY MATERIAL CO., LTD LG CHEM EUROPE GMBH LG CHEM INDUSTRIAL MATERIALS INC. LG CHEM POLAND SP. Z O. O. LG CHEM TAIWAN, LTD. LG CHEM(CHINA)INVESTMENT CO.,LTD. LG CHEM(NANJING) INFO & ELECTRONIC
MATERIALS CO. LTD LG CHEM(TIANJIN) ENGINEERING PLASTICS CO.,
LTD LG CHEMICAL AMERICA INC. LG CHEMICAL HONG KONG LTD. LG CHEMICAL INDIA PRIVATE LTD. LG CHEMICAL TRADING CO., LTD LG CHEMICAL(GUANGZHOU) ENGINEERING PLASTICS
CO.,LTD LG CNS AMERICA, INC LG CNS BRASIL SERVICOS DE T.I.LTDA LG CNS CHINA, INC LG CNS EUROPE B.V LG CNS GLOBAL PRIVATE LIMITED |
|
Affiliates-Overseas |
|
|
Affiliates-Overseas |
LG ELECTRONICS RUS-MARKETING, LLC LG ELECTRONICS S.A.(PTY) LTD. (LGESA) LG ELECTRONICS SINGAPORE PTE LTD LG ELECTRONICS TAIWAN TAIPEI CO., LTD. LG ELECTRONICS THAILAND CO.,LTD.(LGETH) LG ELECTRONICS TIANJIN APPLIANCES CO., LTD. LG ELECTRONICS TICARET A.S LG ELECTRONICS UKLAINE LG ELECTRONICS UNITED KINGDOM LTD. (LGEUK) LG ELECTRONICS USA INC. (LGEUS) LG ELECTRONICS VIETNAM LTD. (LGESV) LG ELECTRONICS WALES LTD. (LGEWA) LG ELECTRONICS WROCLAW SP. ZO.O LG ELECTRONICS(CHINA) RESEARCH AND
DEVELOPMENT CENTER CO., LTD LG H&H TRADING(SHANGHAI) CO.LTD. LG HOLDINGS LTD. (LGHK) LG HOUSEHOLD & HEALTH CARE AMERICA, INC LG INNOTEK MEXICALI S.A. DE C.V LG INNOTEK POLAND SP. ZO.O. LG INNOTEK USA INC. LG INNOTEK YANTAI CO., LTD LG INTERNATIONAL AMERICA INC. LG INTERNATIONAL CORP.(SINGAPORE) PTE. LTD. LG INTERNATIONAL JAPAN LTD. LG INTERNATIONAL INVESTMENT (CANADA) LTD. LG INTERNATIONAL SAUDI LLC LG INTERNATIONAL (AUSTRALIA) PT'S, LTD. LG INTERNATIONAL(DEUTCHLAND) GMBH LG INTERNATIONAL(HK) LIMITED LG INTERNATIONAL (U.K.) LTD. LG LIFE SCIENCES INDIA PVT,LTD LG LIFE SCIENCES POLAND, LTD LG MICRON(FUJIAN) ELECTRONICS CO.,LTD LG MICRON (TAIWAN) LTD. LG MITR ELECTRONICS CO., LTD. (LGEMT) LG PHILIPS LCD AMERICA INC. LG PHILIPS LCD GERMANY GMBH LG PHILIPS LCD HONGKONG CO.,LTD LG PHILIPS LCD JAPAN CO.LTD. LG PHILIPS LCD NANJING CO. LTD LG.PHILIPS LCD SHENZEN CO., LTD. LG PHILIPS LCD TAIWAN CO. LTD. (LGPLT) |
|
Affiliates-Overseas |
LG CNS JAPAN, INC LG CNS PHILIPINES, INC LG ELCTRONICS NORWAY AS LG ELECTONICS HUIZHOU LTD. LG ELECTRONICS (KUNSHAN) COMPUTER CO., LTD. LG ELECTRONICS (LEVANT) - JORDAN LG ELECTRONICS (NANJING) PLASMA CO., LTD LG ELECTRONICS (SHENYANG) INC.(LGESY) LG ELECTRONICS AFRICA LOGISTICS FZE LG ELECTRONICS ALAMABA, INC. (LGEAI) LG ELECTRONICS ALMATY KAZAK CO.,
LTD.(LGEAK) LG ELECTRONICS ARGENTINA S.A.(LGEAR) LG ELECTRONICS AUSTRALIA PTY., LTD. (LGEAP) LG ELECTRONICS AUSTRIA GMBH LG ELECTRONICS BENELUX SALES B.V. LG ELECTRONICS CANADA,INC. (LGECI) LG ELECTRONICS CHINA CO., LTD. (LGECH) LG ELECTRONICS COLOMBIA, LTDA.(LGECB) LG ELECTRONICS CZECH S.R.O. LG ELECTRONICS DA AMAZONIA LTDA (LGEAZ) LG ELECTRONICS DE SAO PAULO LTDA. (LGESP) LG ELECTRONICS DEUTSCHLAND.GMBH. (LGEDG) LG ELECTRONICS EGYPT CARIO S.A.E (LGEEC) LG ELECTRONICS EGYPT S.A.E. (LGEEG) LG ELECTRONICS ESPANA S.A. (LGEES) LG ELECTRONICS EUROPEAN HOLDINGS B.V. LG ELECTRONICS EUROPEAN LOGISTICS &
SERVICES B.V. LG ELECTRONICS EUROPEAN SHARED SERVICE
CENTER B.V. LG ELECTRONICS FRANCE S.A.R.L. LG ELECTRONICS GULF FZE (LGEGF) LG ELECTRONICS HELLAS S.A LG ELECTRONICS HK LTD.(LGEHK) LG ELECTRONICS INC. CHILE LIMITADA LG ELECTRONICS INDIA (PVT.) LTD. (LGEIL) LG ELECTRONICS ITALY S.P.A. (LGEIS) LG ELECTRONICS JAPAN INC. (LGEJP) LG ELECTRONICS JIT EUROPE B.V LG ELECTRONICS LATVIA LLC LG ELECTRONICS MAGYAR KFT. (LGEMK) LG ELECTRONICS MALAYSIA SDN. BHD.(LGEML) LG ELECTRONICS MEXICALI, S. A. DE C. V.
(LGEMX) LG ELECTRONICS MEXICO S.A. DE C.V (LGEMS) LG ELECTRONICS MIDDLE EAST CO., LTD. LG ELECTRONICS MLAWA SP.ZO.O (LGEMA) LG ELECTRONICS MOBILE RESEARCH U.S.A. LLC
(LGEMR) LG ELECTRONICS MOBILECOMM FRANCE S.A.S LG ELECTRONICS MOBLECOMM U.S.A.,
INC.(LGEMU) LG ELECTRONICS MONTERREY MEXICO S.A. DE
C.V. LG ELECTRONICS MOROCCO SARL(LGEMC) LG ELECTRONICS NANJING DISPLAY CO.,LTD LG ELECTRONICS(HANGZHOU) RECORDING MEDIA
CO., LTD LG ELECTRONICS NIGERIA LIMITED(LGENI) |
|
Affiliates-Overseas |
LG ELECTRONICS NORDIC AB LG ELECTRONICS OVERSEAS TRADING FZE LG ELECTRONICS PANAMA S.A. (LGEPS) LG ELECTRONICS PERU S.A. (LGEPR) LG ELECTRONICS PHILIPPINES, INC. (LGEPH) LG ELECTRONICS POLSKA SP.ZO.O (LGEPL) LG ELECTRONICS PORTUGAL S.A. LG ELECTRONICS QINHUANGDAO CO.,LTD(LGEQH) LG ELECTRONICS RAYNOSA, S.A.DE C.V(LGERS) LG ELECTRONICS ROMANIA S.R.L LG ELECTRONICS RUS.LLC LG PROPERTIES PTE. LTD. LG SOFT INDIA PVT LTD.(LGSI) LG SOLID SOURCE, LLC LG VINA CHEMICAL J/V COMPANY LG VINA COSMETICS LG.PHILIPS LCD GUANGZHOU CO., LTD.(LPLGZ) LG.PHILIPS LCD POLAND SP. Z O.O. LG.PHILIPS LCD SHANGHAI CO., LTD. LG-SHAKER CO.,LTD MONGOLIA RESOURCES INVESTMENT LIMITED NAKHODKA FEZ TELECOMMUNICATIONS
CO.LTD.(ROKOTEL) NANJING LG INTERNATIONAL VMI LTD.CO. NANJING LG PANDA APPLIANCES CO., LTD.
(LGEPN) NINGBO LG YONGXING CHEMICAL CO., LTD. PHILCO RESOURCES LIMITED PT LG CNS INDONESIA PT LG ELECTRONICS INDONESIA (LGEIN) PT. BATUBARA GLOBAL ENERGY PT. GOLDEN HYUNDAI MACHINERY(PT.GHM) PT. KIMCO ENERGY UTAMA PT. LG INNOTEK INDONESIA PT. TUTUI BATUBARA UTAMA QINGDAO LG INSPUR DIGITAL COMMUNICATION
CO., LTD. RESOURCES INVESTMENT (H.K) LIMITED SHANGHAI LG ELECTRONICS CO., LTD.
(LGESH) SILTRON AMERICA, INC. TAIZHOU LG ELECTRONIC REFRIGERATION
CO.LTD(LGETR) TIANJIN LG BOHAI CHEMICL CO.,LTD. TIANJIN LG DAGU CHEMICAL CO., LTD. TIANJIN LG NEW BUILDING MATERIALS CO., LTD. TRIVENI DIGITAL INC. V-ENS (M) SDN. BHD. ZENITH ELECTRONICS CO. (ZENITH) |
|
Corporate Ownership |
LG CORP.(110111-0003543) |
|
Major Shareholders |
LG CORP.(110111-0003543) SUMITOMO CHEMICAL CO., LTD. (JAPAN) JAPANESE INTEGRATED CHEMICAL COMPANIES
(JAPAN) |
|
Cooperative Enterprise |
-Technical Support from SUMITOMO CHEMICAL CO., LTD.(JAPAN) -Insured Company LIG INSURANCE CO., LTD(110111-0017859) |
(Activity & Markets)
|
Sales/ Unit :Mil KRW |
2009 |
2008 |
2007 |
|
Export |
348,174,887,451 |
301,057,053,116 |
238,043,592,088 |
|
Domestic |
112,390,164,231 |
106,339,754,168 |
87,222,336,577 |
|
Others |
777,821,655 |
1,869,183,990 |
1,197,266,959 |
|
Total |
461,342,873,337 |
409,265,991,274 |
326,463,195,624 |
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.24 |
|
|
1 |
Rs.84.54 |
|
Euro |
1 |
Rs.72.32 |
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 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.