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Report Date : |
19.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
GODO CHEMICAL CORPORATION |
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Registered Office : |
42-34, Baekjegobun-ro 7-gil, Songpa-gu,
Seoul, Korea, 1st Fl., Won-il Bldg., Zip Code 138-862 |
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Country : |
South Korea |
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Date of Incorporation : |
15.09.2005 |
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Com. Reg. No.: |
215-86-75859 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesaler of Other Chemical Materials and Chemical Products including
Toluene, Methanol, Anysol-100 & Anysol-150 |
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|
|
|
No. of Employees |
03 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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|
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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. 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 |
GODO CHEMICAL
CORPORATION (Korean Company Name : “(주)고도케미칼”) |
|
Registered Address |
42-34, Baekjegobun-ro 7-gil, Songpa-gu, Seoul, Korea |
|
Building |
1st
Fl., Won-il Bldg. |
|
Zip Code |
138-862 |
|
Tel |
+82-2-417-2555 |
|
Fax |
+82-2-417-2557 |
|
E-mail |
|
|
Trading
Address |
1st Fl., Won-il Bldg., 42-34,
Baekjegobun-ro 7-gil, Songpa-gu, Seoul, Korea (Old Address System : 1st Fl., Won-il Bldg., 205-22, Jamsilbon-dong,
Songpa-gu, Seoul, Korea) |
|
Tel |
+82-2-417-2555 |
|
Fax |
+82-2-417-2557 |
|
Type |
Export |
|
Industry |
Wholesale
of Other Chemical Materials and Chemical Products |
|
Main Business |
Toluene,
Methanol, Anysol-100 & Anysol-150 |
|
Established (mm/dd/yyyy) |
09/15/2005 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Solvents(12190000) |
|
Sell |
Chemicals including Bio Chemicals and Gas
Materials(12000000) |
|
Name |
Kim
Kyung-Jin |
|
Address |
Suite C-1609, 255-1, Seohyeon-dong,
Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Date of Birth |
05/03/1969 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
50,000,000 |
|
Employees |
3 |
|
Formation |
Co.,
Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
110111-3307570 |
|
Business Registered No. |
215-86-75859 |
|
Permit & Licenses |
Int’l
Trade No.: 45238253 |
|
Shareholder Position |
N/A |
|
Company History |
09/15/2005 Incorporated as the present name |
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Kim
Kyung-Jin |
Male |
Korean |
03/31/2010 |
|
Director |
M/S. |
Cho Jung-Mi |
Female |
Korean |
09/15/2005 |
|
Year / Unit
: KRW |
Sales |
Assets |
Net Income |
|
2005 |
1,833,000,000 |
|
|
The latest & full
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issued Shares |
10,000 |
|
Main Products & Services |
Toluene,
Methanol, Anysol-100 & Anysol-150 |
|
Suppliers |
SAMSUNG TOTAL PETROCHEMICALS CO., LTD.(161411-001306) 411-1, DOKGOT-RI, DAESAN-EUP, SEOSAN-SI,
CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-660-6114 FAX:+82-41-681-4812 |
|
Competitors |
BIZ MRO CO., LTD. 4TH FL., IN-U BLDG., 109-1, SAMSEONG
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-3702-0900 FAX:+82-2-3702-0901 CYBER DISTY CO., LTD. A-501, WOOLIM LION`S VALLEY 1-CHA, 371-28,
GASAN-DONG, GEUMCHEON-GU, SEOUL, KOREA TEL:+82-2-2026-5600 FAX:+82-2-2026-5629 ENTOB CORPORATION RM. 701, ANAM TOWER, 702-10, YEOKSAM
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-2007-0800 FAX:+82-2-2007-0888 |
(Activity & Markets)
The Subject deals
with the companies in Australia, Singapore and UAE.
Not Available
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.12 |
|
|
1 |
Rs.102.00 |
|
Euro |
1 |
Rs.81.43 |
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.