|
Report Date : |
16.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
CHEMIREX CO., LTD. |
|
|
|
|
Registered Office : |
16B-2L, Namdong Industrial Complex, 284, Seunggicheon-ro, Namdong-gu, Incheon 135-963 |
|
|
|
|
Country : |
South Korea |
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|
|
|
Date of Incorporation : |
21.08.2009 |
|
|
|
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Com. Reg. No.: |
120-87-43774 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
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|
|
|
Line of Business : |
Wholesaler of Other Chemical Materials and Chemical Products |
|
|
|
|
No of Employees : |
13 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 |
CHEMIREX CO.,
LTD. (Korean Company
Name : “(주)케미렉스”) |
|
Registered Address |
284, Seunggicheon-ro, Namdong-gu, Incheon,
Korea |
|
Building |
16B-2L, Namdong Industrial Complex |
|
Zip Code |
135-963 |
|
Tel |
+82-70-7122-1900 |
|
Fax |
+82-32-811-8332 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
16B-2L, Namdong Industrial Complex, 284,
Seunggicheon-ro, Namdong-gu, Incheon, Korea (Old Address System : 16B-2L, Namdong
Industrial Complex, 427-1, Nonhyeon-dong, Namdong-gu, Incheon, Korea) |
|
Tel |
+82-70-7122-1900 |
|
Fax |
+82-32-811-8332 |
|
Type |
Export |
|
Industry |
Wholesale of Other Chemical Materials and Chemical Products |
|
Main Business |
Phosphoric Acid, Cryolite |
|
Sub
Business |
Manufacture of All Other Chemical Products n.e.c. |
|
Established (mm/dd/yyyy) |
08/21/2009 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Chemicals including Bio Chemicals and Gas
Materials(12000000) |
|
Sell |
Chemical fertilizers and plant nutrients(10171600) |
CEO’s
|
Name |
Park Jin-Seok |
|
Address |
Suite 1402, 104, Gangbyeonnaru-ro,
Cheongpyeong-myeon, Gapyeong-gun, Gyeonggi-do, Korea |
|
Date of Birth |
11/13/1969 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
458,850,000 |
|
Employees |
13 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Woori Bank |
|
Corporate Registered No. |
110111-4163476 |
|
Business Registered No. |
120-87-43774 |
|
Permit & Licenses |
Int’l Trade No.: 30675900 |
|
Shareholder Position |
N/A |
|
Company History |
08/21/2009 Incorporated as the present name 12/23/2010 Increased capital to 200,000
shares from 100,000 shares 06/24/2013 Moved to the present HQ address
from 4th
Fl., Seunghwa Bldg., 1223-1, Gaepo 4-dong, Gangnam-gu, Seoul, Korea 12/31/2013 Increased capital to 458,850,000
KRW from 446,250,000 KRW |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Representative Director |
Mr. |
Park Jin-Seok |
Male |
Korean |
08/21/2009 |
Financial Description
|
Authorized Capital(KRW) |
10,000,000,000 |
|
Paid-Up Capital(KRW) |
458,850,000 |
|
Total Issued Shares |
91,770 |
Products,
Technologies, Services Description
|
Main Products & Services |
Inorganic Chemicals Organic Chemicals Minerals Non-Ferrous Metals |
Trade Partners &
Competitors
|
Competitors |
DOUGLAS CHEM INC RM. 812, DAEWOO BLDG. BOKAP-DONG, 167,
NAESU-DONG, JONGNO-GU, SEOUL, KOREA TEL:+82-2-6272-7130 FAX:+82-2-6272-7131 MYOUNGJI CHEMICAL CO., LTD. RM. 1001, DAEWOO OFFICETEL, 45-5,
YEOUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-761-6660 FAX:+82-2-761-0337 CHEMICAL NETWORKS CO., LTD. 753-14, WONSAN-RI, ONSAN-EUP, ULJU-GUN,
ULSAN, KOREA TEL:+82-52-237-6111 FAX:+82-52-237-6110 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
CHEMIREX(SHANGAI)
CO., LTD. RM.907, SONO
LIFE TOWER, 707, ZHANGYANG ROAD, PUDONG SHANGHAI, CHINA TEL:+86-21-5836-1431 FAX:+86-21-5836-1433 CHEMIREX(VIETNAM)
CO., LTD. 13 BUI HUY BICH
P. 13, DISTRICT 8, HO CHI MINH CITY, VIETNAM TEL:+84-8-6678-0020 FAX:+84-4-6678-0021 CHEMIREX
INTERNATIONAL CO., LTD. UNIT E. 15/F
CHEUK NANG PLAZA, 250, HENNESSY RD., WANCHAI, HONG KONG |
|
Overseas
Office |
SHENZHEN
OFFICE, CHINA RM.2403, UNIT
35A, LONG YUAN YI JING, JINGFEN ROAD BUJI TOWN LONGANG DISTRICT SHENZHEN
CITY, GUANGDONG PROVINCE, CHINA TEL:+86-755-8931-3259 FAX:+86-755-8931-3259 |
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.47 |
|
|
1 |
Rs. 100.93 |
|
Euro |
1 |
Rs. 80.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
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.