|
Report Date : |
07.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
LOTTE CHEMICAL CORPORATION |
|
|
|
|
Registered Office : |
51, Boramae-ro 5-gil, Dongjak-gu, Seoul, Korea 11th Fl.,
Lotte Gwanak Tower 156-711 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
16.03.1976 |
|
|
|
|
Com. Reg. No.: |
188-11-5012 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Basic Organic Petrochemicals |
|
|
|
|
No. of Employees |
2,556 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
Basic
|
Company Name |
LOTTE CHEMICAL
CORPORATION (Ex. Company Name : HONAM PETROCHEMICAL CORPORATION, “호남석유화학(주”)) (Korean Company Name : “롯데케미칼(주)”) |
|
Registered Address |
51, Boramae-ro 5-gil, Dongjak-gu, Seoul, Korea |
|
Building |
11th Fl., Lotte Gwanak Tower |
|
Zip Code |
156-711 |
|
Tel |
+82-2-829-4114 |
|
Fax |
+82-2-843-1010 |
|
E-mail |
Kilee@hpc.co.kr;bonsoo@hpc.co.kr;tora@hpc.co.kr;
jiman@lottelpc.com;skchung@lottelpc.com |
|
Website |
www.hpc.co.kr |
|
Trading Address |
11th Fl., Lotte Gwanak Tower, 51, Boramae-ro 5-gil, Dongjak-gu, Seoul, Korea (Old Address System : 11th Fl., Lotte Gwanak Tower, 395-67, Sindaebang 2-dong, Dongjak-gu, Seoul, Korea) |
|
Tel |
+82-2-829-4114 |
|
Fax |
+82-2-843-1010 |
|
Other Address-Yeosu Factory |
172, Jungheung-dong, Yeosu-si, Jeollanam-do, Korea |
|
Tel |
+82-61-688-2114 |
|
Fax |
+82-61-688-2460 |
|
Other Address-Yeosu II Factory |
1-2, Wolha-dong, Yeosu-si, Jeollanam-do, Korea |
|
Tel |
+82-61-688-2114 |
|
Fax |
|
|
Other Address-Daesan Factory |
634, Dokgot-ri, Daesan-eup, Seosan-si, Chungcheongnam-do,
Korea |
|
Tel |
+82-41-689-5114 |
|
Fax |
+82-41-689-5118 |
|
Other Address-Research Lab. |
24-1, Jang-dong, Yuseong-gu, Daejeon, Korea |
|
Tel |
+82-42-861-6161 |
|
Fax |
|
|
Other Address-Daejeon Branch |
32, Hongdo-dong, Dong-gu, Daejeon, Korea |
|
Tel |
+82-42-635-2961 |
|
Fax |
|
|
Other Address-Busan Office |
394-8, Samnak-dong, Sasang-gu, Busan, Korea |
|
Tel |
+82-51-301-5846 |
|
Fax |
+82-51-301-5880 |
|
Other Address-Daegu Branch |
3rd Fl., National Pension Corporation Daegu Bldg., 1198-5,
Igok 2-dong, Dalseo-gu, Daegu, Korea |
|
Tel |
+82-53-593-7104 |
|
Fax |
+82-53-593-7108 |
|
Other Address-Gwangju Office |
Rm. 501, Dongsin Bldg., 150, Unam 2-dong, Buk-gu, Gwangju,
Korea |
|
Tel |
+82-62-524-7870 |
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Manufacture of Basic Organic Petrochemicals |
|
Main Business |
High Density Polyethylene(HDPE), Polypropylene(PP),
Polyethylene Terephthalate(PET), Ethylene Glycol, Methyl Methacrylate(MMA),
Styrene Monomer, Mono Ethylene Glycol, Butadiene,BTX Product, Benzene,
Toluene, Xylene, PE, PP, Compounded Polymer |
|
Sub Business |
|
|
Established
(mm/dd/yyyy) |
03/16/1976 |
The Subject owns
the premises of Yeosu Factory(1,190,377㎡).
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Polyethylene Terepthalate PET(13102020) |
|
Sell |
Polypropylene resin(13111019) |
|
Sell |
Resins(13111000) |
|
Sell |
Chemistry reagents or solutions(41116105) |
|
Sell |
High Density Polyethylene HDPE(13102017) |
|
Sell |
Organic derivatives and substituted compounds(12352100) |
|
Sell |
Tea bags(50201713) |
|
Sell |
Laminated papers(14121700) |
|
Sell |
Inorganic compounds(12352300) |
|
Sell |
Alcohols or its substitutes(12352104) |
CEO’s
|
Name |
Shin Dong-Bin |
|
Address |
|
|
Date of Birth |
02/14/1995 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
171,377,095,000 |
|||||||||||||||||||||
|
Employees |
2,556 |
|||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 011170 ) as of 05/30/1991 Foreign Direct Investment Corporation A Company of LOTTE GROUP |
|||||||||||||||||||||
|
Bank Details |
Nonghyup Bank Woori
Bank-Boramae Branch |
|||||||||||||||||||||
|
Corporate
Registered No. |
110111-0193196 |
|||||||||||||||||||||
|
Business
Registered No. |
188-11-5012 |
|||||||||||||||||||||
|
Permit &
Licenses |
08/01/1995 ISO 9001 12/1995 ISO 14001 Int’l Trade No.: 789015 |
|||||||||||||||||||||
|
Shareholder
Position |
|
|||||||||||||||||||||
|
Company
History |
03/16/1976
Incorporated as the present name 04/1976 Imported
technologies from Mitsui Petrochemical, Mitsui Toatsu Chemical and UK Shell
Development 03/1979
Construction of PP, PE, EOG and UC plants 03/1979
Construction of PP, PE, EOG and UC plants 06/1979
Privatization of domestic shares (Lotte) 06/1979 Privatization
of domestic shares (Lotte) 12/1979
Commercial production of HDPE, PP, and EOG 12/1979
Commercial production of HDPE, PP, and EOG 09/1984
Construction of Compound Resin Factory (Gradual expansion) 06/1986
Launche of research institute 04/1988
Construction of the 2nd HDPE plant 11/1988
Construction of the 2nd PP plant 01/1991 Moved
labs to Daeduk R&D complex 05/1991
Construction of the 2nd EOG plant 04/1992
Launched operation of Naphtha Cracking Center and BTX plant 08/1995
Attained ISO 9001 (Quality system) certificate 11/1996
Attained ISO 14001 (Environmental system) model certificate 01/1997
Designated as KOLAS nationally authorized laboratory and attained UN MARK
from Korean Register of Shipping 06/1997
Expansion of the 3rd EOG plant 05/1998
Launched operation of PET plant 06/1999
Expansion of the 3rd HDPE plant 02/2000
Launched operation of EOA plant 06/2001
Launched operation of MMA plant 11/2001
Completed revamping of Naphtha Cracking Center and BTX plant, expansion of
the 3rd PP plant 05/2003
Completed steam supply and power plant, 3AS plant, Formed LG Chemical &
HPC Consortium 06/2003
Acquired Hyundai Petrochemical 2nd Complex 01/2004
Implemented ERP 11/2004
Acquired KP Chemical 12/2005 Honam
petrochemical corp. entered into a contract on introducing polycarbonate
manufacturing technologies with Asahi-Kasei, Japan. 01/2006 Honam
petrochemical corp. entered into a MOU on establishing MMA,PMMA joint venture
with Mitsubishi Rayon, Japan. 01/2006
Acquired Jiaxing Honam Engineering Plastic Co,Ltd 06/2008 PC
Plant Will be Completed. 01/05/2009 Acquired LOTTE DAESAN PETROCHEMICAL CORPORATION (161411-0014684) 12/27/2012
Merged with KP CHEMICAL CORP(230111-0082112) 12/27/2012
Changed company name to the present name |
|||||||||||||||||||||
|
|
|
Management
|
Job
Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Shin Dong-Bin |
Korean |
1955.02.14 |
MBA, Columbia
University, Director of LOTTE CO., LTD.(Japan) |
|
President & CEO |
Mr. |
Hur Soo-Young |
Korean |
1951.06.07 |
Seoul National
University, President of LOTTE DAESAN PETROCHEMICAL
CORPORATION(161411-0014684) |
|
Sr. Executive Director |
Mr. |
Ahn Ju-Seok |
Korean |
1955.03 |
- |
|
Outside Director & Auditor |
Mr. |
Seo Hyun-Soo |
Korean |
1950.02 |
- |
|
Outside Director & Auditor |
Mr. |
Jung Dong-Ki |
Korean |
1953.08 |
- |
|
Outside Director |
Mr. |
Park Seok-Hwan |
Korean |
1955.10 |
- |
|
Outside Director & Auditor |
Mr. |
Lim Ji-Taik |
Korean |
1953.12 |
- |
|
Year / Unit :
KRW |
Sales |
Assets |
Net Income |
|
2,948,073,530,286 |
9,875,721,950,209 |
64,277,343,285 |
|
|
(*)2013 |
12,273,440,415,644 |
9,835,072,163,803 |
338,810,946,026 |
|
(*)2012 |
9,095,887,163,330 |
9,500,149,213,114 |
343,035,975,098 |
|
(*)2011 |
8,463,484,252,787 |
8,279,107,535,291 |
748,633,827,649 |
|
(*)2010 |
7,189,058,848,259 |
6,894,490,327,752 |
686,875,043,330 |
|
2009 |
5,969,758,436,345 |
5,677,438,913,166 |
796,701,068,020 |
|
2008 |
3,098,210,282,676 |
3,550,957,330,652 |
-45,284,006,833 |
|
2007 |
2,255,268,363,372 |
3,587,375,456,169 |
463,359,940,843 |
|
2006 |
2,181,315,418,229 |
2,997,624,545,038 |
381,592,272,590 |
|
2005 |
2,112,793,648,507 |
2,791,475,554,945 |
511,431,593,224 |
|
2004 |
1,952,094,050,240 |
2,318,300,810,683 |
535,258,456,479 |
|
2003 |
1,460,335,438,818 |
1,690,406,350,363 |
210,663,325,711 |
(*)Figures are based on the K-IFRS
Accounting System.
Financial Description
|
Authorized
Capital(KRW) |
500,000,000,000 |
|
Paid-Up Capital(KRW) |
171,377,095,000 |
|
Total Issued
Shares |
34,275,419 |
|
Balance Sheet |
|||
|
Unit : Korean
Won |
01/01/2014~03/31/2014 |
As of
12/31/2013 |
As of
12/31/2012 |
|
Total
Assets |
9,875,721,950,209 |
9,835,072,163,803 |
9,500,149,213,114 |
|
Current
Assets |
3,548,849,999,675 |
3,441,165,595,306 |
3,027,509,417,540 |
|
Cash
& Cash Equivalents |
862,494,519,762 |
870,246,197,877 |
648,543,812,324 |
|
Current
Financial Instruments |
166,672,967,692 |
301,493,041,351 |
186,621,846,423 |
|
Marketable
Financial Instruments |
323,710,000 |
312,590,000 |
232,110,000 |
|
Trade
Receivables & Other Receivables |
1,280,663,014,497 |
1,235,340,760,572 |
1,269,700,088,168 |
|
Inventories |
1,167,130,221,379 |
1,016,480,402,694 |
891,908,409,125 |
|
Finance Lease Receivables |
297,322,429 |
297,322,429 |
192,361,845 |
|
Income
Taxes |
|
|
4,477,090,730 |
|
Current
Financial Instruments |
4,228,331,297 |
4,018,373,864 |
13,685,885,568 |
|
Current
Non-Financial Instruments |
67,039,912,619 |
12,976,906,519 |
12,147,813,357 |
|
Non-Current
Assets |
6,326,871,950,534 |
6,393,906,568,497 |
6,472,639,795,574 |
|
Non-Current
Financial Instruments |
50,513,500,000 |
50,513,500,000 |
43,521,000,000 |
|
Marketable
Financial Instruments |
105,534,600,642 |
105,018,039,642 |
113,247,071,993 |
|
Finance Lease Receivables |
5,159,428,576 |
5,208,404,997 |
5,505,727,434 |
|
Investment_Subsidiaries |
3,330,512,490,005 |
3,330,512,490,005 |
3,211,592,411,193 |
|
Tangibles |
2,722,978,484,702 |
2,789,495,182,151 |
2,983,464,411,051 |
|
Investment_Real
Estates |
84,883,045,622 |
85,219,492,337 |
47,813,561,314 |
|
Intangibles |
13,073,676,711 |
13,156,788,168 |
15,100,945,096 |
|
Non-Current
Financial Instruments |
10,834,884,276 |
10,917,711,197 |
46,597,227,493 |
|
Non-Current
Non-Financial Instruments |
3,381,840,000 |
3,864,960,000 |
5,797,440,000 |
|
Total
Liabilities |
3,409,530,110,457 |
3,400,150,291,861 |
3,375,791,118,758 |
|
Current
Liabilities |
2,061,492,840,344 |
2,066,343,586,459 |
1,870,380,289,266 |
|
Trade
Payables & Other Payables |
807,191,324,147 |
940,348,652,071 |
1,371,753,813,348 |
|
Short-Term
Borrowings |
1,077,492,326,148 |
1,024,001,661,498 |
375,482,119,968 |
|
Accrued
Income Tax |
66,635,413,373 |
57,752,038,620 |
51,803,765,816 |
|
Other
Current Financial Debts |
48,172,315,947 |
13,409,128,063 |
34,501,962,549 |
|
Other
Current Non-Financial Debts |
62,001,460,729 |
30,832,106,207 |
36,838,627,585 |
|
Non-Current
Liabilities |
1,348,037,270,113 |
1,333,806,705,402 |
1,505,410,829,492 |
|
Long-Term
Borrowings |
1,053,027,554,805 |
1,048,390,639,721 |
1,209,609,902,911 |
|
Confirmed
Salaries |
19,493,285,904 |
15,284,509,975 |
22,575,050,475 |
|
Deferred
Income Tax Credit |
192,401,872,710 |
178,797,875,247 |
184,006,012,755 |
|
Other
Non-Current Financial Debts |
79,573,968,692 |
87,900,485,122 |
84,190,341,558 |
|
Other
Non-Current Non-Financial Debts |
3,540,588,002 |
3,433,195,337 |
5,029,521,793 |
|
Capital
Stock |
171,377,095,000 |
171,377,095,000 |
171,377,095,000 |
|
Capital
Surplus |
771,055,831,115 |
771,055,831,115 |
763,267,158,942 |
|
Profit
Surplus |
5,523,949,896,208 |
5,493,496,632,733 |
5,185,502,759,088 |
|
Others |
-190,982,571 |
-1,007,686,906 |
4,211,081,326 |
|
Total
Equity |
6,466,191,839,752 |
6,434,921,871,942 |
6,124,358,094,356 |
|
Liab.
& Shareholder’s Equity |
9,875,721,950,209 |
9,835,072,163,803 |
9,500,149,213,114 |
|
Income Statement |
|||
|
Unit : Korean
Won |
01/01/2014~03/31/2014 |
As of
12/31/2013 |
As of
12/31/2012 |
|
Sales |
2,948,073,530,286 |
12,273,440,415,644 |
9,095,887,163,330 |
|
Cost
of Sold Goods |
2,791,809,461,511 |
11,459,615,658,202 |
8,454,954,182,119 |
|
Gross
Profit |
156,264,068,775 |
813,824,757,442 |
640,932,981,211 |
|
Selling
& Admin. Expenses |
83,365,352,141 |
310,614,721,346 |
241,923,871,719 |
|
Operating
Income |
72,898,716,634 |
503,210,036,096 |
399,009,109,492 |
|
Finance
Income |
21,440,086,104 |
80,918,655,721 |
71,139,202,586 |
|
Finance
Expenses |
33,657,799,851 |
120,368,714,734 |
102,394,585,401 |
|
Other
Non-Operating Income |
27,034,838,387 |
-35,874,793,706 |
66,731,970,129 |
|
Income
Before Taxes |
87,715,841,274 |
427,885,183,377 |
434,485,696,806 |
|
Income
Taxes Expenses |
23,438,497,989 |
89,074,237,351 |
91,449,721,708 |
|
Net
Income |
64,277,343,285 |
338,810,946,026 |
343,035,975,098 |
|
Cash Flows |
|||
|
Unit : Korean
Won |
01/01/2014~03/31/2014 |
As of
12/31/2013 |
As of
12/31/2012 |
|
Cash
Flows from Operating |
-157,376,929,517 |
249,383,805,306 |
105,718,340,705 |
|
Net
Income |
64,277,343,285 |
338,810,946,026 |
343,035,975,098 |
|
Adjustment |
-220,484,563,076 |
-6,277,897,801 |
-46,728,112,480 |
|
Income
Taxes |
-1,169,709,726 |
-83,149,242,919 |
-190,589,521,913 |
|
Cash
Flows from Investing |
112,200,219,939 |
-405,671,790,420 |
18,019,794,166 |
|
Cash
Flows from Financing |
37,155,657,803 |
380,890,936,578 |
68,426,092,844 |
|
Increase/Decrease
in Cash |
-8,021,051,775 |
224,602,951,464 |
192,164,227,715 |
|
Cash at the
Beginning of Year |
870,246,197,877 |
648,543,812,324 |
457,001,236,829 |
|
Cash at the
End of Year |
862,494,519,762 |
870,246,197,877 |
648,543,812,324 |
Products,
Technologies, Services Description
|
Main Products
& Services |
PE:
Polyethylene -High Density
Polyethylene(HDPE) -Low Density
Polyethylene(LDPE) -Linear Low Density
Polyethylene(LLDPE) -Ethylene
Vinyl Acetate Copolymer(EVA) PP:
Polypropylene PET:
Polyethylene Terephthalate BTX(Aromatic
Compounds) -Benzene -Toluene -Xylene Ethylene Oxide
/Ethylene Glycol(EO/EG) -HPEO(High
PressureEthylene Oxide) -MEG(Mono Ethylene
Glycol) -DEG(Di
Ethylene Glycol) -TEG(Tri
Ethylene Glycol) MMA(Methyl
Methacrylate) |
|
Detailed
Products Spec. |
|
|
Technologies
Acquired |
|
Trade Partners &
Competitors
|
Suppliers |
GS-CALTEX CORPORATION(110111-0078819) ADNOC |
|
Customers |
KP CHEMICAL CORP.(230111-0082112) LOTTE DAESAN PETROCHEMICAL CORPORATION(161411-0014684) |
|
Competitors |
KOREA PETRO
CHEMICAL IND CO., LTD.(110111-0024698) SAMSUNG TOTAL
PETROCHEMICALS CO., LTD.(161411-0013066) LG CHEM
LTD.(110111-2207995) |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
LOTTE SAMKANG
CO., LTD(110111-0033722) LOTTE CHILSUNG
BEVERAGE CO., LTD(110111-0003684) LOTTE CONFECTIONERY CO., LTD.(110111-0076300) LOTTE DATA COMMUNICATION CO., LTD.(110111-1358343) LOTTE MIDOPA
CO., LTD(110111-0045983) LOTTE NON-LIFE
INSURANCE CO., LTD.(110111-0014459) LOTTE HAM CO.,
LTD.(110111-0229371) LOTTERIA CO.,
LTD.(110111-0262850) LOTTE FRESH
DELICA CO., LTD.(134511-0034295) LOTTE
BOULANGERIE CO., LTD(135511-0109807) LOTTE PHARM
CO., LTD.(110111-0657788) FOOD STAR,
INC.(110111-1739155) CINEMA TRADING
CO., LTD(110111-3180918) WELLGA
INC.(184511-0000379) SANJUNG
BEVERAGE CO., LTD.(111511-0013288) CHANG DAE
TRADING CO., LTD.(110111-0904907) HOTEL LOTTE
CO., LTD.(110111-0145410) LOTTE GIANTS
BASEBALL CLUB(110111-0317556) HOTEL LOTTE
PUSAN CO., LTD(180111-0053461) LOTTE MOOLSAN
CO., LTD.(110111-0320707) LOTTE JTB CO.,
LTD(110111-3685710) THE CINEMA OF
KOREA(110111-3837501) LOTTE CITY
HOTEL CO., LTD(110111-3946518) LOTTE TRADING CO.,
LTD(110111-0159099) LOTTE
LOGISTICS CORP.(110111-0040446) KOREA SEVEN
CO., LTD.(110111-0899976) LOTTE.COM
INC(110111-1843972) LOTTE ASAHI
LIQUOR COMPANY LTD.(110111-0530033) WOORI HOME
SHOPPING(110111-2248957) KP
CHEMTECH(230111-0100443) DAESAN MMA CORPORATION(161411-0016995) KOREA FUJIFILM
CO., LTD(110111-0042715) HOWTECH
CORPORATION(110111-2110114) LOTTE ALUMINUM
CO., LTD.(110111-0003121) LOTTE
ENGINEERING & MACHINERY MFG. CO., LTD.(110111-0154560) LOTTE ASSET
DEVELOPMENT CO., LTD(110111-2394263) DAEHONG
COMMUNICATIONS INC.(110111-0249981) FRL KOREA CO.,
LTD.(110111-3133298) LOTTE CAPITAL
CO., LTD.(110111-1217416) LOTTE CARD
CO., LTD.(110111-0641434) CHEONGNA
ENERGY CO., LTD.(110111-3256818) LOTTE MILK
CO., LTD.(110111-3650838) LOTTE STATION
BUILDING CO., LTD.(110111-0505903) LOTTE SHOPPING
CO., LTD.(110111-0000086) CANON KOREA
BUSINESS SOLUTIONS INC.(130111-0007666) LOTTE
ENGINEERING & CONSTRUCTION CO., LTD(110111-0014764) SEETECH CO.,
LTD. |
|
Affiliates-Overseas |
LOTTE CHINA
FOODS CO., LTD. ZAO LOTTE RUS,
LOTTE INDIA CO., LTD. LOTTE TRADING
NEW YORK CORPORATION LOTTE QINGDAO
FOODS CO., LTD. HAEMUNGYO
SEONGANRYUN CO., LTD. LOTTE
PHILIPPINES CO., LTD. VIETNAM
LOTTERIA CO., LTD. LOTTE VIETNAM
CO., LTD. KP CHEMICAL
(H.K.)LIMITED LOTTE TAIWAN
CO., LTD. LOTTE SHOPPING
RUS LTD. LOTTEAODELI
BEVERAGE CO.LTD. LOTTE
CONSTRUCTION CO., LTD. ZAO L&S,
HOSEOK CHEMICAL TRADE CO., LTD. LOTTE SHANGHAI
FOODS. CO., LTD. GAHEUNG HOSEOK
GONGJEONG SORYO CO., LTD. LOTTE FOOD
HOLDING CO.,LIMITED LOTTE PACKAGE
CO., LTD. LOTTE
INVESTMENT CO., LTD. HONAM OVERSEAS
HOLDINGS LIMITED LOTTE
CONFECTIONERY RUS LLC, LH FOODS CO., LIMITED SOGLASIE-LOTTE
HOTEL DUTY FREE LTD. OPERATOR-LOTTE-DUTY
FREE LTD. UNITED
NCRI-LOTTE CONSTRUCTION CORPORATION LOTTE ENGINEERING
AND CONSTRUCTION INDIA PVT. LTD. LOTTE HUABANG
CO., LTD. LOTTE QINGDAO
FOODS CO., LTD. WEIFANG YASING
GROUP CO., LTD. |
|
Overseas
Office |
|
|
Liaison Office |
|
|
Overseas
Branch |
|
|
Joint Venture |
DAESAN MMA
CORPORATION (50.0% held by
the subject Company) SEETECH CO.,
LTD. (50.0% held by
the subject Company) |
|
Subsidiary |
HONAM OVERSEAS
HOLDINGS LIMITED(HONG KONG) (100.0% held
by the subject Company) GAHEUNG HOSEOK
PETROCHEMICAL CO., LTD.-CHINA (100.0% held
by the subject Company) HONAM PETROCHEMICAL TRAING(SHANGHAI) CO.,LTD.-CHINA (40.0% held by
the subject Company) KP CHEMICAL
CORP(230111-0082112) KP CHEMTECH
CO., LTD.(230111-0100443) SAMBARK LFT CO., LTD.(161511-0034466) DACC Aerospace Co., LTD.(210111-0061897) HOWTECH CORPORATION(110111-2110114) SAMBARK CO., LTD.(161511-0043665) TITAN CHEMICALS CORP.BHD. HONAM OVERSEAS HOLDINGS LIMITED LOTTE PAKISTAN PTA LIMITED LOTTE CHEMICAL UK LIMITED HPM ALABAMA CORP. HEFEI HONAM ENGINEERING PLASTICS CO., LTD. |
|
Corporate
Ownership |
|
|
Major
Shareholders |
|
|
Cooperative
Enterprise |
-Insured
Company LIG INSURANCE CO., LTD(110111-0017859) -Technical Support SAMJUNG PETROCHEMCIAL CO., LTD(JAPAN) UNION CARBIDE CORPORATION -Sales Agent Agreement KP CHEMICAL CORP.(230111-0082112) |
Sales by Region
(Activity & Markets)
The Subject
deals with the companies in China, Indonesia and Japan.
Court Action
There are 7 cases filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting 2,755,000,000 KRW.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.20 |
|
|
1 |
Rs.99.52 |
|
Euro |
1 |
Rs.80.83 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.