|
Report Date : |
11.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
WOONGJIN CHEMICAL CO., LTD. |
|
|
|
|
Formerly Known
as: |
SAEHAN INDUSTRIES INC. |
|
|
|
|
Registered Office : |
287, Gongdan 2-dong, Gumi-si, Gyeongsangbuk-do, Korea, Zip Code 730-906 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
01.07.1972 |
|
|
|
|
Com. Reg. No.: |
515-81-00097 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacturer of Man-Made Fiber Fabrics such as Yarn, Fabrics, PET
Sheet, Filter, Chip |
|
|
|
|
No. of Employees : |
1,118 |
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 : |
Exist |
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 |
WOONGJIN CHEMICAL CO., LTD. (Ex. English Company Name : SAEHAN
INDUSTRIES INC.) (Korean Company Name : “웅진케미칼(주)”) |
|
Registered Address |
287, Gongdan 2-dong, Gumi-si, Gyeongsangbuk-do, Korea |
|
Zip Code |
730-906 |
|
Tel |
+82-54-469-4114 |
|
Fax |
+82-54-469-4444 |
|
E-mail |
|
|
Website |
|
|
Trading
Address |
23th Fl, Kukdong Bldg, 60-1, Chungmuro 3-ga, Jung-gu, Seoul, Korea |
|
Tel |
+82-2-3279-7000 |
|
Fax |
+82-2-3279-7062 |
|
Other Address-Gumi 2nd Factory |
309,
Gongdan-dong, Gumi, Gyungsangbuk-do, Korea |
|
Tel |
+82-54-480-3000 |
|
Fax |
+82-54-480-3002 |
|
Other Address-Anseong Factory |
58,
Singeonji-dong, Anseong-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-677-2831~4 |
|
Fax |
+82-31-677-2835 |
|
Other Address-Yugu Factory |
688,
Yugu-ri, Yugu-eup, Gongju, Chungcheongnam-do, Korea |
|
Tel |
+82-41-840-6100 |
|
Fax |
+82-41-840-6119 |
|
Other Address-R&D Institute |
F3
906-19, Iui-dong Yeongtong-dong Suwon-si Gyeonggi-do, Korea |
|
Tel |
+82-31-546-7393 |
|
Type |
Export/Import |
|
Industry |
Manufacture
of Man-Made Fiber Fabrics |
|
Main Business |
Yarn,
Fabrics, PET Sheet, Filter, Chip |
|
Established (mm/dd/yyyy) |
07/01/1972 |
The Subject owns
the Gumi 1st and 2nd Factories and Yugu Factory.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Yarns(11151700 |
|
Sell |
Blank
tapes(43202002) |
|
Sell |
Magneto
Optical MO disks(43202006) |
|
Sell |
Cotton
fibers(11151507) |
|
Sell |
Resins(13111000) |
|
Sell |
Filters(40161500) |
|
Sell |
Concrete
pilings(30102802) |
|
Sell |
Polyester
films(13111210) |
|
Sell |
Blank
video tapes(45131604) |
|
Sell |
Fabrics
and leather materials(11160000) |
|
Sell |
Water
purification equipment(47101514) |
|
Sell |
Sheet(30102500) |
|
Name |
Park
Chan-Koo |
|
Address |
- |
|
Date of Birth |
07/31/1963 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
237,230,757,000 |
||||||||||||||||||
|
Employees |
1,118 |
||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange :
008000 ) as of 06/30/1977 A Company of WOONGJIN BUSINESS GROUP |
||||||||||||||||||
|
Bank Details |
Woori Bank Kyungnam Bank Korea Exchange Bank Korea Development Bank |
||||||||||||||||||
|
Corporate Registered No. |
174811-0000151 |
||||||||||||||||||
|
Business Registered No. |
515-81-00097 |
||||||||||||||||||
|
Permit & Licenses |
11/1993 ISO 9002 09/1994 ISO 9001 12/1995 ISO 9002-Kyungsan factory 12/1996 ISO 14001 Gumi 1 Factory 12/1997 ISO 14001-Kyungsan factory Int’l Trade No.: 875527 |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
07/01/1972 Incorporated as Cheil
Synthetics Textiles Co. Ltd 02/28/1989 Changed company name to Cheil
Synthetics Inc. 08/31/1995 Separated from Samsung Business
Group 02/28/1997 Changed company name to SAEHAN
INDUSTRIES INC 10/30/1999 Acquired SAEHAN CONSTRUCTION
CO., LTD. 03/2000 Established DSI, a joint venture
with DuPont / 03/2000 Received ‘IR52 Award’ for
Semiconductor lead fixing tape 06/2000 Received ‘Defense Quality System
Award’ in the textile area 02/2002 Received ‘Export-to-Japan Merit Award’
from Korea Textile Trade Association 10/2002 Received ‘Korean World-class
Product Award’ for high bulky hollow fiber and fire retardant fiber / 10/2002 Received ‘Prime Minister’s Award’
for reverse osmosis membrane for seawater desalination at the New Tech Korea
2002 03/2003 Received ‘Korean World-class
Product Award’ for Suede stretch fabric, fouling resistant reverse osmosis
membrane 11/2003 Received ‘Korean World-class
Product Award’ for Polyester/rayon blended stretch fabric 07/2005 Received ‘Korean World-class
Product Award’ for polyester micro corduroy 11/2005 Received ‘Commerce Industry &
Energy Minister Award’ for polyester micro corduroy 06/2006 Completed Gumi PlantⅡ 10/2006 Received ‘Commerce Industry &
Energy Minister Award’ at the 2006 Korea Technology Grand Prize for High
functional nano membranes. 11/2006 Received ‘2006 Gyeongsangbuk-do
Energy Saving Best Prize’ at Gumi Plant. 03/21/2008 Changed the Company name to
Woongjin Chemical Co., Ltd. 06/30/2008 Acquired Yugu Filer Factory from WOONGJIN COWAY CO., LTD.(110111-0626501) 03/20/2009 Decided to spin off the par
value to 500 KRW from 5,000 KRW 01/2010 Moved to the present trading
address from 254-8, Gongdeok-dong, Mapo-gu, Seoul, Korea 12/01/2012 Split off the company; existing
company(WOONGJIN CHEMICAL CO., LTD.) and newly established company(Woongjin
Textile Co., Ltd.) (*) History of Corporate Work-Out Procedure 05/18/2000 Applied to Corporate Work-Out
Procedure 06/02/2000 Decided to Corporate Work-Out
Procedure at the 2nd meeting of Creditors 10/18/2002 Signed the agreement on the
Corporate Work-Out Procedure between the creditors of financial institutes
and the Subject Company 12/30/2004 Postponed the payment of debts
until 12/31/2006 based on the agreement on the 3rd Corporate Work-Out
Procedure 12/28/2006 Postponed the payment of debts
until 06/30/2007 based on the agreement on the 4th Corporate Work-Out
Procedure 04/05/2007 Postponed the payment of debts
until 12/31/2008 based on the agreement on the 5th Corporate Work-Out
Procedure 01/25/2008 Completed the Corporate Work-Out
Procedure 03/21/2008 Changed company name to the
present name 06/30/2008 Transferred Water Treatment
Business to WOONGJIN COWAY CO., LTD.(110111-0626501) 06/30/2008 Acquired Yugu Filter Factory from
WOONGJIN COWAY CO., LTD.(110111-0626501) 03/20/2009 Spin off the par value to 500
KRW from 5,000 KRW 05/30/2013 merged the par value to 5,000
KRW from 500 KRW |
||||||||||||||||||
|
|
|
|
Job
Description |
Title |
Name |
Nationality |
Date of
Birth |
Education
& Career |
|
President
& CEO |
Mr. |
Park
Chan-Koo |
Korean |
1963.07.31 |
Ex. President of IEON GROUP |
|
Auditor |
Mr. |
Seok Il-Hyun |
Korean |
1953.08. |
- |
|
Director |
Mr. |
Ahn Ji-Yong |
Korean |
1972.01.19 |
Yonsei University, Korea |
|
Director |
Mr. |
Park Cheon-Shin |
Korean |
1968.12. |
- |
|
Sr. Executive Director |
Mr. |
Shin Kwang-Soo |
Korean |
1969.01.05 |
President
& CEO of Woongjin Holdings Co., Ltd. |
|
Outside Director |
Mr. |
Kang
Yong-Soo |
Korean |
1953.08.20 |
Present
Prof., of Hanyang University, Korea |
|
Outside Director |
Mr. |
Yoon
Yang-Yong |
Korean |
1955.09.03 |
President
of Arter Cosmetics Co., Ltd. |
|
Year / Unit
: KRW |
Sales |
Assets |
Net Income |
|
446,924,795,100 |
817,552,789,065 |
3,424,759,040 |
|
|
(*)2012 |
1,033,403,598,469 |
744,036,376,891 |
2,698,827,891 |
|
(*)2011 |
1,083,493,108,408 |
739,882,854,953 |
4,015,971,868 |
|
(*)2010 |
911,193,873,590 |
710,069,168,417 |
60,257,241,522 |
|
2009 |
803,174,786,065 |
620,741,739,445 |
10,182,466,223 |
|
2008 |
833,144,577,137 |
581,733,000,906 |
2,188,321,316 |
|
2007 |
738,215,214,924 |
597,081,062,377 |
-59,139,312,104 |
|
2006 |
716,754,465,391 |
886,459,599,104 |
-91,438,625,923 |
|
2005 |
744,435,173,207 |
1,004,443,504,799 |
5,506,215,130 |
|
2004 |
742,625,976,438 |
1,122,944,383,321 |
15,122,739,623 |
(*)Figures are
based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
500,000,000,000 |
|
Paid-Up Capital(KRW) |
237,230,757,000 |
|
Total Issues Shares |
46,363,851 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
01/01/2013~06/30/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Total Assets |
817,552,789,065 |
744,036,376,891 |
739,882,854,953 |
|
Current
Assets |
291,006,694,759 |
235,185,071,963 |
320,457,269,951 |
|
Cash & Cash Equivalents |
54,280,027,980 |
28,036,826,564 |
54,415,542,704 |
|
Current Financial Instruments |
16,639,686,788 |
654,471,754 |
101,915,829 |
|
Trade Receivables |
126,181,704,127 |
113,313,740,376 |
139,180,415,182 |
|
Other Receivables |
10,075,133,532 |
11,360,269,597 |
9,989,693,416 |
|
Accrued Income Tax |
0 |
251,148,191 |
161,441,451 |
|
Other
Current Assets |
4,881,922,075 |
3,054,131,837 |
4,000,325,567 |
|
Inventories |
78,573,803,894 |
78,514,483,644 |
112,437,801,363 |
|
Current Portion of Derivatives |
374,416,363 |
0 |
27,159,439 |
|
Other
Financial Instruments |
0 |
0 |
142,975,000 |
|
Non-Current Assets |
526,546,094,306 |
508,851,304,928 |
419,425,585,002 |
|
Non-Current
Financial Instruments |
420,000,000 |
1,240,000,000 |
400,000,000 |
|
Current Portion of Derivatives |
0 |
0 |
94,049,018 |
|
Marketable
Financial Instruments |
723,235,036 |
723,235,036 |
723,235,036 |
|
Long-Term
Trade Receivables |
151,577,155 |
0 |
0 |
|
Other
Receivables |
4,261,543,026 |
4,663,712,025 |
8,164,036,907 |
|
Investment_Subsidiaries |
64,443,915,485 |
63,600,822,585 |
39,636,352,936 |
|
Investment_Related
Companies |
4,065,702,065 |
4,065,702,065 |
4,065,702,065 |
|
Deferred
Income Tax Assets |
16,150,162,979 |
16,163,208,671 |
17,879,451,635 |
|
Other
Non-Current Assets |
1,166,852,504 |
2,166,852,500 |
166,852,500 |
|
Tangibles |
401,903,267,798 |
381,450,367,736 |
331,168,445,462 |
|
Investment_Real
Estates |
13,899,078,852 |
14,019,843,784 |
3,335,609,984 |
|
Intangibles |
19,360,759,406 |
20,757,560,526 |
11,253,439,459 |
|
Other
Financial Instruments |
0 |
0 |
2,538,410,000 |
|
Total
Liabilities |
504,170,123,445 |
435,355,106,862 |
426,996,552,873 |
|
Current Liabilities |
323,545,563,829 |
322,149,925,081 |
282,534,848,325 |
|
Current Portion of Derivatives |
72,026,240 |
626,532,129 |
364,151,997 |
|
Other
Current Financial Debts |
124,156,841 |
190,175,852 |
329,595,729 |
|
Trade Payables |
84,959,778,697 |
73,686,718,430 |
97,995,817,542 |
|
Other Payables |
57,273,845,951 |
49,071,872,177 |
54,920,567,739 |
|
Short-Term
Borrowings |
121,717,549,612 |
142,693,773,906 |
91,694,224,705 |
|
Current
Portion of Debentures |
51,449,236,913 |
30,000,000,000 |
0 |
|
Current
Portion of Long-Term Debts |
0 |
12,452,078,094 |
30,105,222,691 |
|
Accrued Income Taxes |
306,294,208 |
0 |
0 |
|
Current Portion of Provisions |
727,110,449 |
731,281,468 |
970,966,670 |
|
Other Current Liabilities |
6,915,564,918 |
12,697,493,025 |
6,154,301,252 |
|
Non-Current
Liabilities |
180,624,559,616 |
113,205,181,781 |
144,461,704,548 |
|
Derivatives |
45,457,144 |
241,076,661 |
149,960,646 |
|
Other Non-Current Non-Financial
Debts |
188,772,693 |
227,663,376 |
581,246,390 |
|
Other Non-Current
Liabilities |
4,876,636,136 |
5,888,012,136 |
5,781,231,784 |
|
Long-Term Borrowings |
161,117,423,307 |
32,200,000,000 |
77,000,779,681 |
|
Debentures |
0 |
60,635,487,789 |
51,404,270,601 |
|
Confirmed Salaries |
13,910,758,106 |
13,527,429,589 |
9,058,703,216 |
|
Provisions |
485,512,230 |
485,512,230 |
485,512,230 |
|
Capital
Stock |
237,230,757,000 |
237,230,757,000 |
237,230,757,000 |
|
Profit Surplus |
77,201,098,006 |
73,495,640,178 |
84,438,186,779 |
|
Installments |
-456,637,008 |
-746,662,790 |
-1,117,172,561 |
|
Others |
-592,552,378 |
-1,298,464,359 |
-7,665,469,138 |
|
Total Equity |
313,382,665,620 |
308,681,270,029 |
312,886,302,080 |
|
Liab. & Shareholder’s Equity |
817,552,789,065 |
744,036,376,891 |
739,882,854,953 |
Income
Statement
|
|||
|
Unit : Korean Won |
01/01/2013~06/30/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Sales |
446,924,795,100 |
1,033,403,598,469 |
1,083,493,108,408 |
|
Cost of Sold Goods |
392,565,247,131 |
910,203,145,392 |
952,856,618,775 |
|
Gross Profit |
54,359,547,969 |
123,200,453,077 |
130,636,489,633 |
|
Selling & Admin. Expenses |
-44,194,340,945 |
-106,579,285,546 |
-95,074,265,228 |
|
Operating Income |
10,165,207,024 |
16,621,167,531 |
35,562,224,405 |
|
Other Non-Operating Income |
8,981,012,106 |
19,633,274,638 |
23,945,915,780 |
|
Other Non-Operating Expenses |
-9,543,419,224 |
-21,912,050,683 |
-49,699,367,548 |
|
Finance Income |
1,246,546,167 |
3,596,562,401 |
2,935,517,271 |
|
Finance Expenses |
-6,228,156,699 |
-13,033,718,883 |
-12,710,373,450 |
|
Income Before Taxes |
4,621,189,374 |
4,905,235,004 |
33,916,458 |
|
Income Taxes Expenses |
-1,196,430,334 |
-2,206,407,113 |
3,982,055,410 |
|
Net Income |
3,424,759,040 |
2,698,827,891 |
4,015,971,868 |
Cash
Flows
|
|||
|
Unit : Korean Won |
01/01/2013~06/30/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Operating Activities Cash Flows |
25,217,704,697 |
56,957,724,959 |
639,885,219 |
|
Net Income |
3,424,759,040 |
2,698,827,891 |
4,015,971,868 |
|
Expenses |
29,297,397,006 |
63,894,585,386 |
80,862,651,871 |
|
Profits |
-4,545,706,899 |
-7,374,220,544 |
-11,071,890,433 |
|
Changes in Asset/
& Liability |
-2,389,459,038 |
-2,085,300,146 |
-73,257,619,766 |
|
Income Taxes |
-569,285,412 |
-176,167,628 |
90,771,679 |
|
Cash
Flows from Investing |
-48,450,950,233 |
-103,208,129,460 |
-62,959,242,610 |
|
Cash Inflow from
Investing |
6,000,273,897 |
52,211,552,633 |
10,800,082,021 |
|
Cash Outflows for
Investing |
-54,451,224,130 |
-155,419,682,093 |
-73,759,324,631 |
|
Cash
Flows from Financing |
49,398,158,161 |
20,364,329,813 |
31,493,702,361 |
|
Cash Inflows from
Financing |
381,563,581,848 |
179,146,927,749 |
173,237,436,509 |
|
Cash Outflows from
Financing |
-332,165,423,687 |
-158,782,597,936 |
-141,743,734,148 |
|
Increase/Decrease in Cash |
26,164,912,625 |
-25,886,074,688 |
-30,825,655,030 |
|
Cash at the Beginning of Year |
28,036,826,564 |
54,415,542,704 |
85,314,301,068 |
|
Cash at the End of Year |
54,280,027,980 |
28,036,826,564 |
54,415,542,704 |
|
Main Products & Services |
Polyester Filament Polyester Staple Fiber Chip Textile Filter Water Treatment Sheet Brand Name : ESLON, CSM |
||||||||||||
|
Detailed Products Spec. |
|
|
Competitors |
HUVIS CORPORATION(110111-2102070) HYOSUNG CORPORATION(110111-0030497) DAEHAN SYNTHETIC FIBER CO., LTD.(110111-0012437) |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
WOONGJIN LOGISTICS CO.,
LTD.(184511-0004511) (64.74% held by the subject company) SAEHAN INFORMATION SYSTEM
INC.(110111-1369465) (30.0% held by the subject company) WOONGJIN HOLDINGS CO., LTD.(110111-0346745) WOONGJIN COWAY CO., LTD.(110111-0626501) WOONGJIN THINKBIG CO., LTD.(284911-0065613) WOONGJIN CHEMICAL CO., LTD(174811-0000151) WOONGJIN FOOD CO., LTD.(115411-0000192) BOOXEN CO., LTD(115611-0011369) WOONGJIN HAPPYALL CO., LTD(110111-18813520 REXFIELD COUNTRY CLUB(131211-0017571) WOONGJIN BOOKS CO., LTD.(110111-2268294) WOONGJIN CUCHEN CO., LTD.(284411-0038595) WOONGJIN CAPITAL CO., LTD(110111-3463950) WOONGJIN ENERGY. CO., LTD(160111-0214702) WOONGJIN POLYSILICON CO.,
LTD.(176011-0055332) KUKDONG ENGINEERING & CONSTRUCTION CO.,
LTD.(110111-0027858) HAPDUK INDUSTRIAL COMPLEX DEVELOPMENT CO.,
LTD.(110111-3453977) KYUNG JUNG CO., LTD(110111-3734533) WOONGJIN SYSTEM & TECHNOLOGY CO.,
LTD.(110111-3746067) WOONGJIN PASSONE CO., LTD.(110111-1959183) RENAISSANCE PRIVATE EQUITY I,
L.P.(110113-0012590) WOONGJIN LUCAS INVESTMENT ADVISOR CO.,
LTD.(11011-3961475) LUCAS CONSULTING CO., LTD.(110111-3961475) WOONGJIN MIRAE ACCOUNTING & TAX ACADEMY
CO.,LTD(110111-3475509) WOONGJIN VINA KOREA CO.,
LTD.(110111-3905225) OCEAN SWEETS CO., LTD.(220111-006549) WOONGJIN COWAY LIVING GOODS CO., LTD. BEARPORT PUBLISHING COMPANY, INC. |
|
Overseas Office |
WOONGJIN CHEMICAL SHANGHAI CO., LTD. RM.2307, INTERNATIONAL TRADE CENTER, 2200 YANAN
RD. (W), SHANGHAI, CHINA 200339 TEL : +86-21-6219-0119 FAX :
+86-21-6219-0116 QINGDAO OFFICE RM. 405A, BLOCKB, FULLHOPE PLAZA, NO.12
HONGKONG MIDDLE RD., QINGDAO, SHANDONG, CHINA 266071 TEL : +86-532-502-8522 FAX :
+86-532-502-8525 TIANJIN WOONGJIN CSM ECOTECH CO., LTD NO.2 KEYUAN 4ST TEDA(JINNAN)
MICRO-ELECTRONICS INDUSTRIAL AREA BALITAI-ZHEN JINNAN-DISTRICT TIANJIN CHINA. TEL : +86-22-2612-2264/9472/3039/4000 FAX :
+86-22-2612-0588 P.T. WOONGJIN TEXTILES KOREA CENTER, RM.604, 6TH FL., JL. GATOT
SUBROTO KAV. 58, JAKARTA SELATAN 12950, INDONESIA TEL : +62-21-522-3364/5 FAX :
+62-21-522-3363 WOONGJIN CHEMICAL JAPAN OFFICE 7TH FL., AKASAKA HABITATION BLDG., 1-3-5,
AKASAKA, MINATO-KU, TOKYO, 107-0052, JAPAN TEL : +81-3-5114-5950,1 FAX : +81-3-3583-4361 WOONGJIN CHEMICAL HOCHIMIN OFFICE 516 CONG HOA ST. WARD 13, TAN BINH DIST.,
HOCHIMINH CITY, VIETNAM TEL : +84-8-106831/2 FAX : +84-8-106-833 WOONGJIN CHEMICAL NEW DELHI OFFICE NO. 203, MOHTA BUILDING, BHIKAJI CAMA
PLACE, NEW DELHI-110066, INDIA TEL : +91-11-4607-5120 FAX :
+91-11-4607-4300 WOONGJIN CHEMICAL LA OFFICE 18552 MACARTHUR BLVD. #400 IRVINE, CA 92612 TEL : +1-949-922-6377 |
|
Subsidiary |
WOONGJIN CHEMICAL SHANGHAI CO., LTD (100.00% held by the subject company) TIANJIN WOONGJIN CSM ECOTECH CO., LTD (100.00% held by the subject company) P.T. WOONGJIN TEXTILES (90.34% held by the subject company) WOONGJIN CHEMICAL AMERICA INC. (100.00% held by the subject company) |
|
Corporate Ownership |
WOONGJIN HOLDINGS CO., LTD.(110111-0346745) |
|
Major Shareholders |
WOONGJIN HOLDINGS CO.,
LTD.(110111-0346745) |
(Activity & Markets)
|
Sales/ Unit
:Mil KRW |
09/2012 |
2011 |
2010 |
|
Export |
497,851 |
695,274 |
582,831 |
|
Domestic |
286,831 |
388,219 |
328,363 |
|
Total |
784,682 |
1,083,493 |
911,194 |
The Subject exports to China, Japan, Europe and North America.
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
Supreme Court of Korea |
Mbro Co., Ltd.(131111-0043057) |
The Subject Company |
Claim
for damages |
635,276,000 |
3rd round is proceeding |
|
|
Seoul Central District Court |
Hyundai oil Refinery Co.,
ltd.(110111-0090558) |
The Subject Company |
Claim for Receivables |
90,024,000 |
1st round is proceeding |
|
|
Supreme Court of Korea |
The Subject Company |
Mbro Co., Ltd.(131111-0043057) |
Claim for Receivables |
99,876,000 |
3rd round is proceeding |
|
|
Seoul Central District Court |
The Subject Company |
I Market Korea |
Claim for Receivables |
1,430,000,000 |
1st round is proceeding |
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
UK Pound |
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.83.87 |
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.