|
Report Date : |
29.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
KCC CORPORATION |
|
|
|
|
Registered Office : |
344, Sapyeong-daero, Seocho-gu, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
12.08.1958 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of General Paints and Similar Products. |
|
|
|
|
No. of Employees : |
4816 |
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 : |
Slow but 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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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. South 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. South 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-Korea Free Trade Agreement was ratified by both
governments in 2011 and went into effect in March 2012. Throughout 2012 and
2013 the economy experienced sluggish growth because of market slowdowns in the
United States, China, and the Eurozone. The administration in 2014 is likely to
face the challenge 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,
dominance of large conglomerates (chaebols), and heavy reliance on exports,
which comprise about half of GDP.
|
Source
: CIA |
|
Company Name |
KCC CORPORATION (Korean Company Name : “(주)케이씨씨”) |
|
Registered Address |
344, Sapyeong-daero, Seocho-gu, Seoul, Korea |
|
Building |
|
|
Zip Code |
137-855 |
|
Tel |
+82-2-3480-5000 |
|
Fax |
+82-2-3480-5424 |
|
E-mail |
oicd@kccworld.co.kr |
|
Website |
www.kccworld.co.kr |
|
Trading Address |
344, Sapyeong-daero, Seocho-gu, Seoul, Korea (Old Address System : 1301-4, Seocho 4-dong, Seocho-gu, Seoul, Korea) |
|
Tel |
+82-2-3480-5711~4 |
|
Fax |
+82-2-3480-5436 |
|
Other Address-Yeoju Factory |
1-2, Bondu-ri, Ganam-myeon, Yeoju-gun, Gyeonggi-do, Korea |
|
Tel |
+82-31-880-3000 |
|
Fax |
+82-31-882-5879 |
|
Other Address-Eonyang Factory |
1030, Bansong-ri, Eonyang-eup, Ulju-gun, Ulsan, Korea |
|
Tel |
+82-52-255-5500 |
|
Fax |
|
|
Other Address-Suwon Factory |
296-3, Seodun-dong, Gwonseon-gu, Suwon-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-299-2000 |
|
Fax |
|
|
Other Address-Asan Factory |
71, Seowon-ri, Yeomchi-eup, Asan-si, Chungcheongnam-do, Korea |
|
Tel |
+82-41-539-9000 |
|
Fax |
|
|
Other Address-JeonjuⅠFactory |
820, Yongam-ri, Bongdong-eup, Wanju-gun, Jeollabuk-do, Korea |
|
Tel |
+82-63-260-8800 |
|
Fax |
+82-63-262-5009 |
|
Other Address-Jeonju Ⅱ Factory |
846, Yongam-ri, Bongdong-eup, Wanju-gun, Jeollabuk-do, Korea |
|
Tel |
+82-63-260-7000 |
|
Fax |
+82-63-261-5508 |
|
Other Address-Jeonju III Factory |
844, Yongam-ri, Bongdong-eup, Wanju-gun, Jeollabuk-do, Korea |
|
Tel |
+82-63-260-1700 |
|
Fax |
|
|
Other Address-Yeocheon Factory |
880, Nakpo-dong, Yeosu-si, Jeollanam-do, Korea |
|
Tel |
+82-61-680-7800 |
|
Fax |
|
|
Other Address-Ulsan Factory |
1234, Bangeo-dong, Dong-gu, Ulsan, Korea |
|
Tel |
+82-52-280-1717 |
|
Fax |
|
|
Other Address-Munmak Factory |
2239, Munmak-eup, Wonju-si, Gangwon-do, Korea |
|
Tel |
+82-33-749-4500 |
|
Fax |
|
|
Other Address -Mokpo Branch |
1115-6, Sang-dong, Mokpo-si, Jeollanam-do, Korea |
|
Tel |
+82-61-280-5900~1 |
|
Fax |
+82-61-284-8950 |
|
Other Address-Jeonju Sales Office |
339-1, Palbokdong 2-ga, Deokjin-gu, Jeonju-si, Jeollabuk-do, Korea |
|
Tel |
+82-63-211-5300 |
|
Fax |
+82-63-211-5340 |
|
Type |
Export/Import |
|
Industry |
Manufacture of General Paints and Similar Products |
|
Main Business |
Glass, Paint, Windows And Doors, Mineral Wool, Gypsum Board, Paint |
|
Sub
Business |
Manufacture of Asbestos, Mineral Wools and Other Similar Products |
|
Established (mm/dd/yyyy) |
08/12/1958 |
The Subject owns the premises of registered
HQ address, Yeoju Factory, Eonyang Factory, Suwon Factory, Jeonju Factory,
Yeocheon Factory, Ulsan Factory and Munmak Factory.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Float glass(30171708) |
|
Sell |
Thermal insulation sleeving(30141505) |
|
Sell |
Windows(30171600) |
|
Sell |
Pigment paints(31211503) |
|
Sell |
Facial tissues(14111701) |
|
Sell |
Pocket doors(30171508) |
|
Sell |
Glass products(30171700) |
|
Sell |
Epoxy(13111001) |
|
Sell |
Thermal insulation(30141500) |
|
Sell |
Restroom partitions(30181508) |
|
Sell |
Flooring(30161700) |
|
Sell |
Fiber straps(31151903) |
|
Sell |
Ceramic fibers(11151513) |
|
Sell |
Gypsum board(30161509) |
|
Sell |
Wall finishing materials(30161500) |
|
Sell |
Insulation batts(30141504) |
|
Sell |
Casement windows(30171606) |
|
Sell |
Resins(13111000) |
|
Sell |
Base Metals(11101700) |
|
Sell |
Fire resistant coatings or putties or sealants(46191503) |
|
Sell |
Panels or panelling(30161505) |
|
Sell |
Nonwoven fabrics(11162200) |
|
Sell |
Silicone foam(13111303) |
|
Sell |
Moisture repellent(15121801) |
|
Sell |
Ceiling materials(30161600) |
|
Sell |
Miscellaneous finishes(31211700) |
|
Sell |
Other adhesives and sealants(31201600) |
|
Name |
Chung Mong-Jin |
|
Address |
|
|
Date of Birth |
08/05/1960 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
56,252,305,000 |
||||||||||||||||||||||||||||||
|
Employees |
4,816 |
||||||||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 002380) as of 06/25/1973 Listed GDR at BdL-Market as of 04/22/2003 A Company of KCC GROUP |
||||||||||||||||||||||||||||||
|
Bank Details |
Kookmin Bank Korea Exchange Bank Shinhan Bank Korea Development Bank-HQ |
||||||||||||||||||||||||||||||
|
Corporate Registered No. |
110111-0221814 |
||||||||||||||||||||||||||||||
|
Business Registered No. |
214-81-70045 |
||||||||||||||||||||||||||||||
|
Permit & Licenses |
02/11/1965 KS Mark 12/30/1975 KS Mark 12/15/1993 ISO 9001 02/23/1994 ISO 9002 04/24/1996 ISO 9001 Int’l Trade No.: 771889 |
||||||||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||||||||
|
Company History |
08/12/1958 Incorporated as Keumkang Slate
Industries Co., Ltd. 03/10/1976 Changed company name to Keumkang
CO., Ltd. 06/01/1989 Transferred Construction
Business Division to KUMKANG CONSTRUSTION CO., LTD.(194211-0042614) 12/10/1990 Transferred Glass Mine’s Operation Right to Korea Silica
Ltd(115511-0000728) 05/1994 Moved to the present HQ address from 27-8, Jamwon-dong,
Seocho-gu, Seoul, Korea 03/31/2000 Acquired Koryo Chemicals Co., Ltd. 04/01/2000 Changed company name to Keumkang
Koryo Chemicals Co., Ltd. 03/20/2002 Transferred Automobile Safety
Glass Operation to Korea Autoglass Corporation(164711-0007507) 10/31/2004 Acquired E-KCC CO., LTD.(110111-2124280) 02/25/2005 Changed company name to the
present name 11/22/2010 Acquired ARCHE SOLAR CO.,
LTD.(135711-0062936) 09/30/2013 Acquired KAM
COPORATION(161411-0019791) |
||||||||||||||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Chung Mong-Jin |
Korean |
1960.08.05 |
Korea University, Korea |
|
President & CEO |
Mr. |
Chung Mong-Ik |
Korean |
1962.01.28 |
George Washington University, USA |
|
Vice President |
Mr. |
Kim Young-Ho |
Korean |
1950.08. |
Seoul National University, Korea |
|
Sr. Executive Director |
Mr. |
Kim Bum-Sung |
Korean |
1959.11. |
Akron University, USA |
|
Outside Director |
Mr. |
Kwon Oh-Seung |
Korean |
1950. 01.12 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Song Tae-Nam |
Korean |
1944. 10.01 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Jeon Young-Hwa |
Korean |
1946.10. |
Dongkuk University, Korea |
|
Outside Director / Auditor |
Mr. |
Jung Jong-Soon |
Korean |
1943.03.28 |
Seoul National University, Korea |
|
Outside Director / Auditor |
Mr. |
Lee Jung-Dae |
Korean |
1943. 12.04 |
Hanyang University, Korea |
|
Outside Director / Auditor |
Mr. |
Kim Jong-Jin |
Korean |
1947.02. |
- |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
696,282,850,930 |
6,764,632,489,187 |
45,283,986,303 |
|
|
(*)2013 |
2,862,798,450,375 |
6,812,823,451,928 |
223,319,252,450 |
|
(*)2012 |
2,873,047,377,690 |
6,577,994,366,737 |
406,591,684,557 |
|
2011 |
3,016,124,005,608 |
7,088,110,719,977 |
291,706,686,123 |
|
2010 |
2,830,515,058,543 |
8,294,393,169,082 |
326,642,610,793 |
|
2009 |
2,680,096,605,306 |
7,007,263,565,724 |
360,848,350,064 |
|
2008 |
2,488,127,752,432 |
5,547,416,466,797 |
187,262,119,768 |
|
2007 |
2,097,580,325,377 |
7,218,327,908,390 |
203,072,325,474 |
|
2006 |
1,908,683,775,463 |
3,940,837,207,042 |
196,042,547,864 |
|
2005 |
1,869,809,191,486 |
3,397,617,645,077 |
178,059,825,624 |
|
2004 |
1,862,799,634,019 |
2,895,839,061,365 |
130,630,108,880 |
(*)Figures are
based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
120,000,000,000 |
|
Paid-Up Capital(KRW) |
56,252,305,000 |
|
Total Issues Shares |
10,520,000 |
|
BALANCE SHEET |
|||
|
Unit : Korean Won |
01/01/2014~03/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total Assets |
6,764,632,489,187 |
6,812,823,451,928 |
6,577,994,366,737 |
|
Current Assets |
1,502,285,857,180 |
1,493,701,867,829 |
1,204,088,628,957 |
|
Cash & Cash Equivalents |
404,879,362,201 |
423,955,786,985 |
137,135,446,107 |
|
National Subsidies |
-399,206,892 |
-512,170,640 |
-2,010,302,744 |
|
Trade Receivables |
618,881,499,433 |
624,608,730,185 |
605,071,675,131 |
|
Other Receivables |
40,707,325,608 |
27,745,774,124 |
28,539,504,448 |
|
Advance Payments |
15,463,987,309 |
11,544,552,710 |
13,509,485,785 |
|
Prepaid Expenses |
2,184,436,762 |
2,240,371,777 |
1,751,445,263 |
|
Current Portion of Derivatives |
9,432,524,649 |
9,940,226,782 |
3,125,848,942 |
|
Current Portion of Marketable
Financial Instruments |
131,202,665 |
119,350,000 |
216,400,000 |
|
Inventories |
411,004,725,445 |
394,059,245,906 |
416,749,126,025 |
|
Non-Current Assets |
5,262,346,632,007 |
5,319,121,584,099 |
5,373,905,737,780 |
|
Long-Term Trade Receivables |
9,884,368,518 |
9,468,189,490 |
12,177,353,335 |
|
Other Receivables |
6,847,266,454 |
6,965,877,768 |
4,649,942,544 |
|
Marketable Financial Instruments |
1,800,301,087,360 |
1,848,275,756,135 |
1,922,977,166,545 |
|
Held-to-Maturity Financial Assets |
2,985,205,627 |
3,001,541,496 |
3,072,201,025 |
|
Investment_Related Companies |
270,175,360,811 |
270,175,360,811 |
295,556,481,978 |
|
Investment_Subsidiaries |
492,338,302,096 |
492,338,302,096 |
496,467,228,244 |
|
Non-Current Portion of
Derivatives |
10,333,200,086 |
16,680,963,240 |
7,512,116,351 |
|
Tangibles |
2,425,508,617,109 |
2,451,278,629,266 |
2,522,316,094,535 |
|
Intangibles |
9,868,402,559 |
9,992,549,668 |
10,379,613,142 |
|
Investment_Real Estates |
234,104,821,387 |
210,944,414,129 |
98,797,540,081 |
|
Total Liabilities |
1,864,293,677,266 |
1,822,741,200,088 |
1,709,003,173,847 |
|
Current Liabilities |
600,145,687,754 |
537,867,899,236 |
1,145,268,777,259 |
|
Trade Payables |
199,130,762,571 |
183,881,030,801 |
151,652,104,745 |
|
Short-Term Borrowings |
147,097,477,228 |
140,745,079,077 |
658,646,315,220 |
|
Other Liabilities |
225,354,975,263 |
196,378,240,881 |
196,275,630,495 |
|
Current Portion of Derivatives |
852,645,888 |
3,428,289,792 |
40,023,293,497 |
|
Accrued Income Tax |
27,709,826,804 |
13,435,258,685 |
98,671,433,302 |
|
Non-Current Liabilities |
1,264,147,989,512 |
1,284,873,300,852 |
563,734,396,588 |
|
Long-Term Borrowings |
803,717,501,280 |
798,621,876,303 |
129,532,475,095 |
|
Other Liabilities |
32,803,354,287 |
33,010,402,287 |
32,404,638,000 |
|
Non-Current Portion of
Derivatives |
20,803,646,269 |
24,850,290,316 |
2,541,174,039 |
|
Confirmed Salaries |
30,457,687,216 |
25,294,082,685 |
43,499,497,064 |
|
Provisions |
4,697,013,853 |
5,041,389,653 |
4,254,570,740 |
|
Deferred Income Tax Credit |
371,668,786,607 |
398,055,259,608 |
351,502,041,650 |
|
Capital Stock |
56,252,305,000 |
56,252,305,000 |
56,252,305,000 |
|
Capital Surplus |
498,938,525,247 |
498,938,525,247 |
495,304,330,442 |
|
Capital Adjustment |
-122,873,033,196 |
-122,873,033,196 |
-122,873,033,196 |
|
Others |
602,709,489,754 |
669,158,370,976 |
705,100,949,035 |
|
Profit Surplus |
3,865,311,525,116 |
3,888,606,083,813 |
3,735,206,641,609 |
|
Total Equity |
4,900,338,811,921 |
4,990,082,251,840 |
4,868,991,192,890 |
|
Liab. & Shareholder’s Equity |
6,764,632,489,187 |
6,812,823,451,928 |
6,577,994,366,737 |
|
INCOME STATEMENT |
|||
|
Unit : Korean Won |
01/01/2014~03/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
696,282,850,930 |
2,862,798,450,375 |
2,873,047,377,690 |
|
Cost of Sold Goods |
544,380,231,380 |
2,267,216,691,622 |
2,301,304,346,924 |
|
Gross Profit |
151,902,619,550 |
595,581,758,753 |
571,743,030,766 |
|
Selling & Admin. Expenses |
100,811,236,038 |
418,510,692,558 |
423,492,681,806 |
|
Operating Income |
51,091,383,512 |
177,071,066,195 |
148,250,348,960 |
|
Net Finance Profits |
8,118,367,138 |
150,746,642,720 |
789,583,101,830 |
|
Finance Income |
29,539,676,466 |
305,467,447,901 |
861,319,433,752 |
|
Finance Expenses |
-21,421,309,328 |
-154,720,805,181 |
-71,736,331,922 |
|
Other Non-Operating Profits |
-833,283,090 |
-22,945,560,473 |
-367,696,234,468 |
|
Other Non-Operating Income |
8,163,703,387 |
35,820,561,166 |
40,742,626,207 |
|
Other Non-Operating Expenses |
-8,996,986,477 |
-58,766,121,639 |
-408,438,860,675 |
|
Income Before Taxes |
58,376,467,560 |
304,872,148,442 |
570,137,216,322 |
|
Income Taxes Expenses |
13,092,481,257 |
81,552,895,992 |
163,545,531,765 |
|
Net Income |
45,283,986,303 |
223,319,252,450 |
406,591,684,557 |
|
CASH FLOWS |
|||
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Operating Activities Cash Flows |
46,584,094,220 |
227,022,517,568 |
62,551,003,649 |
|
Net Income |
45,283,986,303 |
223,319,252,450 |
406,591,684,557 |
|
Adjustment |
49,409,516,039 |
129,339,116,401 |
-127,307,185,385 |
|
Changes in Asset/ & Liability |
-44,119,572,451 |
11,116,457,657 |
-555,370,354 |
|
Income Taxes |
-3,989,835,671 |
-136,752,308,940 |
-216,178,125,169 |
|
Cash Flows from Investing |
-63,694,929,214 |
114,808,441,286 |
-566,388,145,515 |
|
Cash Flows from Financing |
-2,088,209,331 |
-51,025,402,831 |
-108,866,147,755 |
|
Increase/Decrease in Cash |
-19,199,044,325 |
290,805,556,023 |
-612,703,289,621 |
|
Cash at the Beginning of Year |
423,955,786,985 |
137,135,446,107 |
750,636,370,587 |
|
Cash at the End of Year |
404,879,362,201 |
423,955,786,985 |
137,135,446,107 |
|
Main Products & Services |
Interior, Ceiling, Roofing Insulation Materials PVC Window & Flooring Architecture Float Glass Automotive Laminated Glass Paint Others -Glass Fiber -Alumina Metalizing -Epoxy Mold Compound Brand Name : KCC, ED-1700, EH2350 |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
SAMDUCK STEEL PIPE CO.,
LTD.(111511-0012917) ONE JUNG CAN MANUFACTURING CO.,
LTD.(110111-0139207) HYUNDAI CEMENT CO., LTD. (110111-0111867) HYUNDAI OIL REFINERY CO.,
LTD.(110111-0090558) E.I. DUPONT AGC |
|
Customers |
SOLAR POWER INDUSTRIES, INC.(USA) SEMI MATERIALS,CO.,LTD.(161511-0036628) |
|
Competitors |
HANKUK GLASS INDUSTRIES INC. 33, SEORIN-DONG JONGNO-GU SEOUL, 100-012
SOUTH KOREA TEL:+82-2-37069114 FAX:+82-2-37069363 DONGYANG GANGCHUL CO., LTD. 275-2 DAEHWA-DONG DAEDEOK-GU DAEJON,
306-801 SOUTH KOREA TEL:+82-42-6058300 FAX:+82-42-6229967 IZOCAM TICARET VE SANAYI A.S. DILOVASI MEVKII GEBZE KOCAELI, 41455 TURKEY TEL:+90-262-7546390 FAX:+90-262-7546688 |
|
Affiliates-Domestic |
KCC ENGINEERING & CONSTRUCTION CO.,
LTD.(110111-0607618) (36.0% held by the subject company) KOREA AUTOGLASS CORPORATION(164711-0007507) (40.0% held by the subject company) KUMGANG LEISURE LTD.(131211-0001433) (20.5% held by the subject company) KCC MINERAL RESOURCES CO., LTD.(115511-0000728) (60.0% held by the subject company) WANJU WHINYEOUL CO., LTD.(110111-3801548) BORYUNG WHINYEOUL CO., LTD.(110111-3948366) MIRAE CO., LTD.(KOREA) DAESAN COMPLEX CO., LTD.(161411-0028792) |
|
Affiliates-Overseas |
KCC(SINGAPORE) PTE. LTD. KCC PAINTS SDN. BHD. KCC COATING SDN. BHD. KCC CHEMICAL (HK) HOLDINGS LIMITED KCC CHEMICAL(KUNSHAN) CO., LTD. KCC CHEMICAL(BEIJING) CO., LTD. KCC(GUANGZHOU) CO., LTD. KCC BOYA SANAYI VE TICARET LIMITED SIRKETI KCC PAINT (INDIA) PRIVATE LIMITED KCC(VIETNAM) CO., LTD. PT KCC INDONESIA BASILDON CHEMICAL CO.,
LTD. YUAN YUAN INVESTMENT (SHANGHAI) CO., LTD. KCC(AMERICA) INC. KCC EUROPE GMBH KCC JAPAN CO., LTD. |
|
Subsidiary |
KCC ENGINEERING & CONSTRUCTION CO.,
LTD.(110111-0607618) (36.0% held by the subject company) KCC MINERAL RESOURCES CO., LTD.(115511-0000728) (60.0% held by the subject company) KOREA AUTOGLASS CORPORATION(164711-0007507) (40.0% held by the subject company) KAM COPORATION(161411-0019791) (51.0% held by the subject company) ARCHE SOLAR CO., LTD.(135711-0062936) (94.36% held by the subject company) KCC CHEMICAL (HK) HOLDINGS LIMITED(CHINA) (100% held by the subject company) KCC CHEMICAL(KUNSHAN) CO., LTD.(CHINA) KCC CHEMICAL(BEIJING) CO., LTD.(CHINA) KCC(GUANGZHOU)CO., LTD. (CHINA) KCC(SINGAPORE) PTE. LTD.(SINGAPORE) (100% held by the subject company) KCC PAINTS SDN. BHD.(MALAYSIA) KCC COATING SDN. BHD.(MALAYSIA) PT KCC INDONESIA(INDONESIA) (50% held by the subject company) KCC BOYA SANAYI VE TICARET LIMITED
SIRKETI(TURKEY) (100% held by the subject company) KCC PAINT (INDIA) PRIVATE LIMITED(INDIA) (100% held by the subject company) KCC(VIETNAM) CO., LTD.(VIETNAM) (100% held by the subject company) KCC E&C ZANBYL ZHOL KURYLYS(KAZHUSTAN) POLYSILICON TECHNOLOGY COMPANY(SAUDI
ARABIA) (50% held by the subject company) BASILDON CHEMICAL CO., LTD.(UK) (100% held by the subject company) KCC(AMERICA) INC.(USA) (100% held by the subject company) YUAN YUAN INVESTMENT (SHANGHAI) CO.,
LTD.(CHINA) KCC EUROPE GMBH(GERMANY) KCC JAPAN CO., LTD.(JAPAN) (100% held by the subject company) |
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
-Insured Company DONGBU INSURANCE CO., LTD(110111-0095285) MERITZ FIRE & MARINE INSURANCE CO., LTD.(110111-0013328) -Technical Support ASAHI GLASS(Japan) DUPONT(USA) YRC(Japan) ARKEMA(France) PPG(USA) |
|
Sales/ Unit :Mil KRW |
03/2011 |
2010 |
2009 |
|
Export |
190,228 |
784,812 |
705,888 |
|
Domestic |
574,224 |
2,045,703 |
1,974,208 |
|
Total |
764,452 |
2,830,515 |
2,680,097 |
The Subject deals with the companies in
China, Taiwan, Japan, Singapore, USA and Europe.
There are 10 cases filed as Plaintiff(s)/
Creditor(s)/ Applicant(s) amounting 6,685,130,000 KRW,
and 1 case filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting 271,893,000 KRW.
----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.102.04 |
|
Euro |
1 |
Rs.80.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
TPT |
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.