|
Report Date : |
11.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
GS CALTEX CORPORATION |
|
|
|
|
Registered Office : |
679, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea GS Gangnam Tower 135-985 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
19.05.1967 |
|
|
|
|
Com. Reg. No.: |
116-81-19123 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Wholesale of Liquid Fuel and Related Products |
|
|
|
|
No. of Employees : |
3,174 |
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 |
Basic
|
Company Name |
GS CALTEX CORPORATION |
|
Registered Address |
679, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea |
|
Building |
GS Gangnam Tower |
|
Zip Code |
135-985 |
|
Tel |
+82-2-2005-1114 |
|
Fax |
+82-2-2005-6051 |
|
E-mail |
kimsj@gscaltex.co.kr |
|
Website |
www.gscaltex.co.kr |
|
Trading Address |
GS Gangnam Tower, 679, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea |
|
Tel |
+82-2-2005-1114 |
|
Fax |
+82-2-2005-6051 |
|
Other Address-Refinery and Petrochemical Complex /Yeosu
Factory |
1056 Wollae-dong, Yeosu-si, Jeonnam-do
550-600 Korea |
|
Tel |
+82-61-680-2114 |
|
Fax |
+82-61-686-3333 |
|
Other Address-Factory |
382-2 Wonchang-dong, Seo-gu, Incheon
404-210 Korea |
|
Tel |
+82-32-577-9212 ~ 3 |
|
Fax |
+82-32-577-9215 |
|
Other Address-Value Creation Center |
104-4 Munji-dong, Yuseong-gu, Daejeon 305-380
Korea |
|
Tel |
+82-42-866-1616 |
|
Fax |
+82-42-863-6104 |
|
Other Address-Customer Service Center |
20th Fl.Kukje Electronics Center, 1445-3,
Seocho-dong, Seocho-gu, Seoul 137-728 Korea |
|
Tel |
+82-2-1588-5172 |
|
Fax |
+82-2-3465-5088 |
|
Other Address-Gwangju Oil Reservoir |
502 Hanam-dong, Gwangsan-gu, Gwangju
506-250 Korea |
|
Tel |
+82-62-952-5863 |
|
Other Address-Gunsan Oil Reservoir |
11-13 Soryong-dong, Gunsan-si, Jeonbuk-do
573-879 |
|
Tel |
+82-63-467-3600 |
|
Other Address-Daegu Oil Reservoir |
450 Namha-ri, Hayang-eup, Gyeongsan-si,
Gyeongbuk-do 712-906 Korea |
|
Tel |
+82-53-353-2271 |
|
Other Address-Daejeon Oil Reservoir |
547-28 Gasuwon-dong, Seo-gu, Daejeon
302-801 Korea |
|
Tel |
+82-42-542-0316 |
|
Other Address-Donghae Oil Reservoir |
227 Guho-dong, Donghae-si, Gangwon-do
240-230 Korea |
|
Tel |
+82-33-521-0112 |
|
Other Address-Masan Oil Reservoir |
64-15 Sinchon-dong, Changwon-si,
Gyeongnam-do 641-370 Korea |
|
Tel |
+82-55-264-4624 |
|
Other Address-Mokpo Oil Reservoir |
330-1 Nabul-ri, Samho-myeon, Yeongam-gun,
Jeonnam-do 526-891 Korea |
|
Tel |
+82-61-464-5541 |
|
Other Address-Busan Oil Reservoir |
254-13 Gamman 1-dong, Nam-gu, Busan 608-803
Korea |
|
Tel |
+82-51-640-8484 |
|
Other Address-Incheon Oil Reservoir |
97-4 Bukseong-dong 1-ga, Jung-gu, Incheon
400-201 Korea |
|
Tel |
+82-32-770-2701 |
|
Other Address-Jeonju Oil Reservoir |
173-2 Bugyo-ri, Yongji-myeon, Gimje-si,
Jeonbuk-do 576-973 Korea |
|
Tel |
+82-63-546-8351 |
|
Type |
Export/Import |
|
Industry |
Petroleum Refineries |
|
Main Business |
Petroleum, Lubricants, Aromatics, Polypropylene, Liquefied Petroleum
Gas, Naphtha, Gasoline, Kerosene, Diesel Fuel, Polypropylene, Card Services,
Oil Station Operation Services |
|
Sub
Business |
Wholesale of Liquid Fuel and Related Products |
|
Established (mm/dd/yyyy) |
05/19/1967 |
The Subject owns the premises of Yeosu
Factory(3,825,714m2).
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Hydraulic oil(15121504) |
|
Sell |
Engine oil(15121501) |
|
Sell |
Gear oil(15121503) |
|
Sell |
Grease(15121902) |
|
Sell |
Lubricating preparations(15121500) |
|
Sell |
Kerosene(15101502) |
|
Sell |
Aviation fuel(15101504) |
|
Sell |
Liquified petroleum gas(15111510) |
|
Sell |
Benzene(15101507) |
|
Sell |
Aromatic or heterocyclic compounds(12352005) |
|
Sell |
Hydrocarbonated solvents(12191500) |
|
Sell |
Polypropylene PP(13102022) |
|
Sell |
Asphalt(30121601) |
|
Sell |
Fuel oil(15101700) |
|
Sell |
Resins(13111000) |
|
Sell |
Diesel fuel(15101505) |
|
Name |
Hur Dong-Soo |
|
Address |
717-9, Yeoksam-dong, Gangnam-gu, Seoul, Korea |
|
Date of Birth |
07/13/1943 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
260,000,000,000 |
|||||||||||||||
|
Employees |
3,174 |
|||||||||||||||
|
Formation |
Co., Ltd by shares Foreign Direct Investment Corporation A company of GS Group |
|||||||||||||||
|
Bank Details |
Korea Development Bank Hana Bank S.C. First Bank of Korea |
|||||||||||||||
|
Corporate Registered No. |
110111-0078819 |
|||||||||||||||
|
Business Registered No. |
116-81-19123 |
|||||||||||||||
|
Permit & Licenses |
12/2003 autoOasis, ISO 9001:2000 from BSI
(UK) 11/2001 QS-9000 from DNV (Det Norske
Veritas) 03/1998 ISO14001 Int’l Trade No.: 680200 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
05/19/1967 Incorporated as Honam Oil
Refinery Co., Ltd. 10/31/1968 Registered as a Foreign Direct
Investment Corporation 11/30/1991 Awarded US$ 500 Million Export
Top Prize 05/20/1996 Changed company name to LG Caltex
Oil Refinery Co., Ltd. 10/04/1999 Moved to the present HQ address
from 20, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea 03/31/2005 Changed company name to the present name 06/2012 Decided to sell Gas, Electric Power, Resources Development,
Green Energy Business to GS ENERGY CORPORATION(110111-4765412) amounting
1,106,200,000,000 KRW |
|||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education/Career |
|
Chairman & CEO |
Mr. |
Hur Dong-Soo |
Korean |
1943.07.13 |
Ph.D., of Wisconsin University |
|
President & CEO |
Mr. |
Hur Jin-Soo |
Korean |
1953.09.12 |
George Washington University |
|
President & CEO |
Mr. |
Jeon Sang-Ho |
Korean |
1952.09.05 |
Yonsei University, Korea |
|
Director |
Mr. |
Na Wan-Bae |
Korean |
1950.12.04 |
Korea University |
|
Director |
Mr. |
Seo Kyung-Seok |
Korean |
1947.12.23 |
Seoul National University |
|
Director |
Mr. |
Jeon Sang-Ho |
Korean |
1952.09.05 |
Yonsei University, Korea |
|
Director |
Mr. |
Curtis R. Anderson |
USA |
1955.12.29. |
Present, Vice President, Chevron Manufacturing, Ex. General Manager,
Chevron's Richmond Refinery |
|
Director |
Mr. |
B. T. Fish |
USA |
1963.10.21 |
Vice President of Chevron Global Manufacturing |
|
Director |
Mr. |
P.V. Bennett |
USA |
1953. 01. |
Chevron Corporation General Manager, Corporate Comptroller's |
|
Director |
Mr. |
R. D. Edwards |
USA |
1955.07.07 |
Country Chairman of Chevron Korea |
|
Director |
Mr. |
G.M. Hanggi |
- |
1957.08.17 |
Chevron International Products /General Manager |
|
Auditor |
Mr. |
Jung Chan-Soo |
Korean |
1962.11. |
Seoul National University |
|
Auditor |
Mr. |
Paul H. Burmeister |
South Africa |
1959.06.04 |
Senior Planning & Financial Analyst |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)06/2013 |
21,711,883,000,000 |
22,428,508,000,000 |
144,508,000,000 |
|
(*)2012 |
46,155,917,000,000 |
21,890,889,000,000 |
1,131,037,000,000 |
|
(*)2011 |
44,954,889,000,000 |
23,680,434,000,000 |
1,135,728,000,000 |
|
(*)2010 |
33,039,593,000,000 |
21,120,882,000,000 |
716,196,000,000 |
|
(*)2009 |
26,088,461,000,000 |
19,711,057,000,000 |
574,272,000,000 |
|
2008 |
34,424,216,000,000 |
18,390,031,000,000 |
(-)290,335,000,000 |
|
2007 |
21,468,331,000,000 |
15,230,425,000,000 |
632,020,000,000 |
|
2006 |
19,130,049,000,000 |
11,153,465,000,000 |
620,878,000,000 |
|
2005 |
16,233,864,000,000 |
9,397,161,000,000 |
728,600,000,000 |
|
2004 |
14,063,203,000,000 |
7,886,192,000,000 |
846,298,000,000 |
(*) Figures are
based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
270,000,000,000 |
|
Paid-Up Capital(KRW) |
260,000,000,000 |
|
Total Issues Shares |
26,000,000 |
|
Balance Sheet |
|||
|
Unit : Million Korean Won |
01/01/2013~06/30/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Total Assets |
22,428,508 |
21,890,889 |
23,680,434 |
|
Current Assets |
11,028,427 |
10,424,753 |
12,032,962 |
|
Cash & Cash Equivalents |
393,464 |
497,263 |
98,473 |
|
Trade Receivables |
3,887,158 |
3,443,808 |
4,929,852 |
|
Current Financial Instruments |
798,199 |
791,824 |
950,108 |
|
Inventories |
5,342,142 |
5,000,953 |
5,463,099 |
|
Other Current Assets |
607,464 |
690,905 |
591,430 |
|
Non-Current Assets |
11,400,081 |
11,466,136 |
11,647,472 |
|
Non-Current Financial Instruments |
468,409 |
478,358 |
601,178 |
|
Investment_Stocks |
240,593 |
247,864 |
675,271 |
|
Tangibles |
10,541,793 |
10,590,686 |
10,217,417 |
|
Investment_Real Estates |
63,939 |
64,277 |
64,790 |
|
Intangibles |
54,457 |
54,046 |
57,103 |
|
Membership |
30,890 |
30,905 |
31,713 |
|
Total Liabilities |
13,944,019 |
13,040,732 |
15,451,541 |
|
Current Liabilities |
7,708,748 |
7,072,759 |
9,816,518 |
|
Trade Payables |
3,192,341 |
2,812,189 |
3,662,416 |
|
Other Current Financial Debts |
4,309,466 |
4,007,731 |
5,892,228 |
|
Accrued Income Tax |
61,606 |
93,763 |
108,874 |
|
Advance Receipts |
145,335 |
159,076 |
153,000 |
|
Non-Current Liabilities |
6,235,271 |
5,967,973 |
5,635,023 |
|
Other Non-Current Financial Debts |
5,843,654 |
5,528,362 |
5,229,485 |
|
Confirmed Salaries |
67,416 |
66,798 |
50,013 |
|
Deferred Income Tax Credit |
208,907 |
260,098 |
224,427 |
|
Other Non-Current Liabilities |
115,294 |
112,715 |
131,098 |
|
Capital Stock |
260,000 |
260,000 |
260,000 |
|
Capital Surplus |
66,261 |
66,261 |
66,261 |
|
Capital Adjustment |
-645 |
-645 |
-645 |
|
Others |
7,995 |
24,016 |
20,595 |
|
Profit Surplus |
8,150,878 |
8,500,525 |
7,882,682 |
|
Total Equity |
8,484,489 |
8,850,157 |
8,228,893 |
|
Liab. & Shareholder’s Equity |
22,428,508 |
21,890,889 |
23,680,434 |
|
Income Statement |
|||
|
Unit : Million Korean Won |
01/01/2013~06/30/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Sales |
21,711,883 |
46,155,917 |
44,954,889 |
|
Cost of Sold Goods |
-20,823,239 |
-44,906,865 |
-42,095,125 |
|
Selling & Admin. Expenses |
-410,239 |
-873,303 |
-977,278 |
|
Operating Income |
478,405 |
375,749 |
1,882,486 |
|
Finance Income |
707,028 |
1,491,585 |
1,587,494 |
|
Finance Expenses |
-1,053,465 |
-1,431,629 |
-1,903,942 |
|
Other Income |
111,031 |
1,041,491 |
197,799 |
|
Other Expenses |
-65,780 |
-168,278 |
-258,367 |
|
Income Before Taxes |
177,219 |
1,308,918 |
1,505,470 |
|
Income Taxes Expenses |
-32,711 |
-177,881 |
-369,742 |
|
Net Income |
144,508 |
1,131,037 |
1,135,728 |
|
Cash Flows |
|||
|
Unit : Million Korean Won |
01/01/2013~06/30/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Cash Flows from Operating |
-11,476 |
1,678,293 |
349,228 |
|
-Net Income |
144,508 |
1,131,037 |
1,135,728 |
|
-Exp. without Cash Outflow |
714,312 |
1,269,678 |
1,523,301 |
|
-Revenue without Cash Inflows |
-240,587 |
-1,392,653 |
-273,532 |
|
-Changes in Asset/ & Liability |
-629,709 |
670,231 |
-2,036,269 |
|
Cash Flows from Investing |
-156,820 |
584,812 |
-643,071 |
|
-Cash Inflow from Investing |
165,571 |
1,714,300 |
244,392 |
|
-Cash Outflows for Investing |
-322,391 |
-1,129,488 |
-887,463 |
|
Cash Flows from Financing |
64,497 |
-1,864,315 |
-73,728 |
|
-Cash Inflows from Financing |
708,386 |
1,446,366 |
1,653,650 |
|
-Cash Outflows from Financing |
-643,889 |
-3,310,681 |
-1,727,378 |
|
Increase/Decrease in Cash |
-103,799 |
398,790 |
-367,571 |
|
Cash at the Beginning of Year |
497,263 |
98,473 |
466,044 |
|
Cash at the End of Year |
393,464 |
497,263 |
98,473 |
|
Main Products & Services |
Petroleum Business The Subject Company has crude oil refining facilities
with a capacity of 650,000 barrels a day, and provides a stable supply of oil
products to the nation. With Residue Fluid Catalytic Cracking Units designed
to crack 90,000 barrels of bunker C oil a day to produce high-valued products
such as gasoline, kerosene, and diesel, as well as advanced facilities such
as those designed to desulfurize 190,000 barrels of kerosene and diesel a
day, GS Caltex proactively responds to the rapidly changing market
environment. Additionally, The Subject Company operate
about 3,000 gas stations and about 300 gas filling stations nationwide. In
1996 The Subject Company opened Korea's first gas station-convenience store
combined chain, JoyMart. Also, since 1994, The Subject Company has been
operating the light maintenance franchise chain, AutoOasis. Petrochemicals Business The Subject Company vigorously advanced
into the petrochemical industry, as the company established plants within its
Yeosu Plant Complex to produce polypropylene in 1988, and paraxylene and
aromatics in 1990, respectively. The Subject Company began its aromatics
business with the construction of a plant to produce 200,000 tons of
paraxylene and 300,000 tons of aromatics a year in April 1990. Investments in
the business have continued in order to keep up with rapidly changing market
situations. In April 2003, the Company completed the
construction of its third paraxylene unit with a production capacity of
350,000 tons by employing MTPX technology, an advanced technology developed
by Exxon-Mobil. The Company's total aromatics production capacity is
2,200,000 tons including 1,200,000 tons of paraxylene, 770,000 tons of
benzene annually. This is the world's largest aromatics plant as single site. Also, polypropylene business, the other
part of petrochemical group, was launched in 1988, with the introduction of
the Dow Chemical Company's Unipol process of fluidized bed-based vapor-phase
polymerization, which allowed the production and supply of the finest-quality
polypropylene. The Subject Company is now capable of producing 180,000 tons
of polypropylene a year. Since 2001, The Subject Company has been producing
the entire volume of propylene, the raw material for polypropylene, from the
Residue Fluid Catalytic Cracking (RFCC) Unit process. |
|
Main Products & Services |
LNG and City Gas Business The Subject Company is moving to become a
total energy service provider by adding an environmentally friendly LNG and
city gas business to its traditional petroleum and electric power businesses.
To this end, The Subject Company is preparing to construct an LNG Terminal
and to conclude LNG import agreements to push ahead with the business of
directly importing LNG, as approved by the Ministry of Commerce, Industry and
Energy. Through these efforts, after 2008, The Subject Company will supply
LNG for own-use in oil refining utilities in Yeosu Complex, and in generating
electric power in GS Power and GS EPS. Also, The Subject Company has taken over
Haeyang City Gas Co., Ltd. and Seorabeol City Gas Co., Ltd. to secure a base
for the LNG business, and have formed strategic alliances with Kyungnam
Energy Co., Ltd. and Kangnam City Gas Co., Ltd., thus securing a stable
demand. Alongside this, we are striving to maximize synergies of the LNG
business through the established GS EPS Co., Ltd. and GS Power Co., Ltd.
which use LNG as fuel. Electric Power Business The Subject Company is conducting business
in the electric power sector as well as taking steps towards its goal of
becoming a total energy service provider through diversification of its core
energy business. In line with the government's strategy to introduce and
expand private power generation, GS EPS was established as the first private
power generation company in October 1996, with the operation of a 500,000 kw
LNG combined-cycle power plant. Additionally, GS Power Co., Ltd., was
established in September 2000, and took over and continued operation of a
950,000 kw combined heat and power plant and district heating facilities in
the Anyang and Bucheon areas from KEPCO. Currently, The Subject Company uses clean
energy technology, LNG, to efficiently operate a combined-cycle power plant
with a total capacity of 1.45 million kw and district heating supply
facilities, which play a central role in supplying electric power to the
national capital region. The Subject Company also operates stable
and efficient district heating facilities to supply an economic heating
service to new towns in Anyang, Pyeongchon and Bucheon. |
|
Main Products & Services |
Exploration and Production The Subject Company first entered into the
exploration and production business in 2003 by acquiring a 15% participating
interest in the exploration and development project of Cambodia Block A Area,
located on the west coast of Cambodia. The Subject Company and its partners,
Chevron and Mitsui, discovered oil in five exploration wells during the
drilling campaign from October 2004 to February 2005. Oil pay logged in the
wells ranges from 41 feet to 139 feet and the analysis of samples indicates
the oil is a medium gravity, 44 degree API crude. New and Renewable Energy The Subject Company has been striving to
New and Renewable Energy, including fuel cell technologies, since 1989. Its
Value Creation Center is developing fuel cell technologies in conjunction
with its subsidiary fuel cell specialist GS FuelCell co., Ltd, established in
November 2000. After three years of research and
development efforts, in April 2004 GS FuelCell developed a high efficiency
and compact polymer electrolyte membrane fuel cell(PEMFC) for
home(residential power generator) with a capacity of 1kW and using city gas
as fuel. |
|
Production Capacity |
Refined Oil Products: 223,469 Thousand
Barrel Aromatic Products: 1,810 Thousand Ton PP Products: 169 Thousand Ton |
|
Technologies Acquired |
|
|
Suppliers |
CHEVRON GLOBAL ENERGY INC. CHEVRON U.S.A. INC. GS CALTEX SINGAPORE PTE, LTD. KOC CO., LTD. 1/F WONDUCK BLDG., 681-9, JAKJEON-DONG,
GYEYANG-GU, INCHEON 407-060 KOREA TEL 82-32-505-2588 FAX 82-32-505-2586 INDUSTRY: MANUFACTURE OF FILTERING OR
PURIFYING MACHINERY FOR LIQUIDS OR OILS HYUNDAI OILBANK CO., LTD. 640-6, DAEJUK-RI, DAESAN-EUP, SEOSAN-SI,
CHUNGNAM-DO 356-874 KOREA TEL:+82-2-2004-3000 FAX:+82-2-2004-3020 INDUSTRY: PETROLEUM REFINERIES E1 CO., LTD. 13FL., ASEM TOWER, 159-1, SAMSEONG 1-DONG,
KANGNAM-GU, SEOUL 135-798 KOREA TEL:+82-2-3441-4114 FAX:+82-2-3441-4119 INDUSTRY: WHOLESALE OF GASEOUS FUEL AND
RELATED PRODUCTS KOREA TELECOM POWERTEL CO., LTD. 19 FL. KT INFORMATION CENTER, 924,
MOK-DONG, YANGCHEON-GU, SEOUL 158-050 KOREA TEL:+82-2-2166-0130 FAX:+82-2-2062-2471 INDUSTRY: MOBILE TELEPHONE SERVICES SEYANG SHIPPING CO., LTD. 13TH FL., JANGGYO BLDG., 1, JANGGYO-DONG,
JUNG-GU, SEOUL 100-220 KOREA TEL:+82-2-3706-6900 FAX:+82-2-3706-6997 INDUSTRY: OCEANGOING FOREIGN FREIGHT
TRANSPORT KAEL CO., LTD. 1690-2, SINIL-DONG, DAEDEOK-GU, DAEJEON
306-230 KOREA TEL:+82-42-931-6287 FAX:+82-42-931-9190 INDUSTRY: MANUFACTURE OF FILTERING OR
PURIFYING MACHINERY FOR AIR OR GASES HANWHA L&C CORP. 14TH FL., HANWHA BLDG., 1, JANGGYO-DONG,
JUNG-GU, SEOUL 100-797 KOREA TEL:+82-2-729-1114 FAX:+82-2-729-1461 INDUSTRY: MANUFACTURE OF WALL AND FLOOR
COVERINGS OF PLASTICS |
|
Customers |
GS POWER (134111-0074744) HAEYANG CITY GAS. CO., LTD (200111-0004906) SAMYANG INTERNATIONAL CO., LTD. SYNGENTA KOREA LTD. 642, SEOGAM-DONG, IKSAN-SI, JEONBUK-DO
570-330 KOREA TEL:+82-63-830-5800 FAX:+82-63-832-3677 INDUSTRY: MANUFACTURE OF AGRICULTURAL
CHEMICAL PRODUCTS PLUMB FAST CO., LTD. 318, JUNG-DONG, DONG-GU, DAEJEON 300-160
KOREA TEL:+82-41-865-9681 FAX:+82-41-865-9188 INDUSTRY: MANUFACTURE OF PLASTIC BARS,
PIPES, TUBES AND HOSES HANWHA L&C CORP. 14TH FL., HANWHA BLDG., 1, JANGGYO-DONG,
JUNG-GU, SEOUL 100-797 KOREA TEL:+82-2-729-1114 FAX:+82-2-729-1461 INDUSTRY: MANUFACTURE OF WALL AND FLOOR
COVERINGS OF PLASTICS |
|
Competitors |
S-OIL CORPORATION 45TH FL., KOREA LIFE INSURANCE 63 BLDG.,
60, YEOEUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-3772-5151 FAX:+82-2-786-4030 SK ENERGY CO., LTD. SK BLDG., 99, SEORIN-DONG, JONGNO-GU,
SEOUL, KOREA TEL:+82-2-2121-5114 FAX:+82-2-2121-7001 HYUNDAI OILBANK CO., LTD. 640-6. DAEJUK-RI, DAESAN-EUP, SEOSAN-SI,
CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-660-5114 FAX:+82-41-660-5111 |
|
Affiliates-Domestic |
GS POWER (134111-0074744) HAEYANG CITY GAS. CO., LTD (200111-0004906) SEORABEOL CITY GAS CO.,LTD (171211-0024180) GS FUELCELL CO.LTD. (160111-0108202) GS RETAIL (110111-0090037) GS WATSONS CO., LTD.(110111-3136474) KOREA CABLE TV ULSAN STATION
(181211-0045481) GS TELESERVICE (110111-2618192) GS SPORTS.LTD (110111-3024330) HAMOO DEVELOMET CO., LTD (110111-0411142) XI SERVICE (110111-3141720) SAMYANG INT'L CO., LTD. (110111-0424848) BOHEUN DEVELOPMENT CO., LTD.
(110111-1557573) OKSAN DISTRIBUTION (110111-1426108) SM CO., LTD (110111-1308124) GS NEOTEK (110111-0166953) EZVILLE, INC. (110111-1934557) CENTRAL MOTORS CORP. (131111-0101912) SUNGSAN GROUP CORPORATION (110111-0110653) SUNGSAN LEISURE INC (141111-0022893) WINASSET CO., LTD.(110111-0720832) COSMO FINE CHEMICALS
CO.,LTD.(110111-0531205) COSMO INDUSTRIAL CO.LTD (150111-0077722) SMARTRO CO.,LTD (110111-1536189) COSMO & COMPANY CO., LTD.
(110111-0298243) COSMO CORPORATION CO., LTD.(110111-2559354) LANDMARK ASIA, INC. (110111-2219411) COSMO LEPORTS CO., LTD.(110111-1883473) COSMOS NF CO., LTD.(110111-2431809) MARUMAN KOREA (131111-0093953) ESTECH ESTIMATE CORP.(110111-3253583) NEXTATION.CO.,LTD. (110111-2123571) UIJEONGBU LIGHT RAIL TRANSIT CO., LTD
(280111-0071743) STSLOGISTICS INC. (110111-1999197) GS EPS CO., LTD.(165011-0004621) KANGNAM CABLE SYSTEM INC. (110111-1009780) ITMEXSYI (110111-3451731) GLS SERVICE CORP. (110111-3532846) AMCO LTD.(110111-3593252) FRESH SERVE CO., LTD(110111-3646738) GCS PLUS CO., LTD.(140111-0033487) NURICELL CO., LTD.(110111-2089062) SEOUL MUNSAN EXPRESSWAY CO.,
LTD.(110111-3809344) ULSAN GREEN CO., LTD.(110111-3812636) BSM CO., LTD.(135511-0187118) CORONA(131411-0167645) DAUM ONKET(110111-3127209) GS NETVISION CO., LTD.(110111-3862897) GS PARK 24 CO., LTD.(110111-3413880) DONGBO INT.CO., LTD.(110111-2619752) GS ASSET MANAGEMENT CO.,
LTD.(110111-3934670) |
|
Affiliates-Overseas |
GS CALTEX SINGAPORE PTE. SINGAPORE LADERA CO. LTD. USA GS E&C ITALY S.R.L ITALY GS E&C (NANJING) CO. LTD. CHINA GS E&C POLAND SP.ZO.O POLAND CHONGQING GS SHOPPING INC. CHINA SAMHO CO. LTD. VIETNAM SAMMA CORP. PHILLIPPINES SAMYANG LEATHER CHINA FARWEST STEEL CO. USA COSMO PLASTIC PIPE CHINA GS AROMATICS PTE. SINGAPORE LIDONG CHEMICAL CO. LTD. CHINA GS-HP SUNFLOWER INTERNATIONAL VILLAGE CORP. VIETNAM LANDMARK GLOBAL INC. USA WESTERN COATING INC. USA QINGDAO LIXING LOGISTICS CO., LTD. CHINA GS E&C THAI CO. LTD THAILAND BEIJING SC MOTOR PARTS CHINA FRONTIER NEMTWO MALAYSIA FRONTIER WOKAM MALAYSIA GS CALTEX CHINA GS E&C MEXICO, S.A.DEC.V. MEXICO GS E&C INDIA PRIVATE LTD. INDIA GS CALTEX CHINA |
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
CAMBODIA BLOCK A (15.0% held by the subject company) WEST KAMCHATKA SHELF AREA (4.0% held by the subject company) THAILAND SHELF AREA (30% held by the subject company) |
|
Subsidiary |
AMCO (100% held by the subject company) NEXTATION CO.,LTD. (110111-2123571) (99.27% held
by the subject company) GS CALTEX QUINGDAO CO., LTD.(CHINA) (100% held by the subject company) GS CALTEX SINGAPORE PTE., LTD. (100.0% held by the subject company) SEORABEOL CITY GAS CO.,LTD (171211-0024180) (100.0% held by the subject company) GS POWER CO., LTD.(134111-0074744) (100.0% held by the subject company) HAEYANG CITY GAS. CO., LTD (200111-0004906) (100.0% held by the subject company) BNC CORPORATION(154311-0009826) (100.0% held by the subject company) GS PARK 24 CO., LTD.(110111-3413880) (50.0% held by the subject company) |
|
Corporate Ownership |
GS HOLDINGS CORP.(110111-3045112) CHEVRON (OVERSEAS) HOLDINGS LTD. CHEVRON GLOBAL ENERGY INC. |
|
Major Shareholders |
GS HOLDINGS CORP.(110111-3045112) CHEVRON (OVERSEAS) HOLDINGS LTD. CHEVRON GLOBAL ENERGY INC. |
|
Cooperative Enterprise |
-Insured Company LIG INSURANCE CO., LTD.(110111-0017859) -Agreement for Procedure License with AXENS CD TECH TEXACO/HTAS STRATCO U.S.A. MONSANTO CHEVRON LUMMUS GLOBAL, LLC UOP/HTAS NIKKI-UNIVERSAL(UOP JAPAN) GTC INC. U.S.A EXXONMOBIL GTC INC. U.S.A |
|
Sales/ Unit :Mil KRW |
03/2012 |
2011 |
2010 |
|
Export |
7,677,787 |
30,200,031 |
19,715,229 |
|
Domestic |
7,677,787 |
17,746,231 |
15,600,548 |
|
Total |
12,448,583 |
47,946,262 |
35,315,777 |
The Subject deals with the companies in USA, China, Oman, Saudi Arabia
and Indonesia.
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
Seoul Central District Court |
The Subject Company |
Defense Acquisition Program Administration(DAPA) |
Receivables |
39,606,000,000 |
Proceeding |
|
|
Seoul High Court |
The Ministry of Defense, Korea |
The Subject Company |
- |
46,500,000,000 |
Proceeding. |
There are 39 cases filed as Defendant(s)/ Debtor(s)/ Respondent(s) on releasing
Customers’ Private Information amounting 51,048,000,000 KRW.
Not Available
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.