|
Report Date : |
20.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUNNYCHEM CO.,
LTD. |
|
|
|
|
Registered Office : |
168, Gasan digital 1-ro,
Geumcheon-gu, Seoul, C-1108, Woolim Lion`s Valley 1-cha, Zip Code 153-786 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
05.10.2004 |
|
|
|
|
Com. Reg. No.: |
117-81-51960 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Wholesaler of Other Chemical Materials and Chemical Products such as Ethanol, Cyclo Nucleic Acid, Bis (Triethoxysilylpropyl) Disulfide,
Vinyltrimethoxysilane & Solvent |
|
|
|
|
No of Employees : |
08 |
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 |
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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 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,
and heavy reliance on exports - which comprise about half of GDP.
|
Source : CIA |
|
Company Name |
SUNNYCHEM CO.,
LTD. (Korean Company Name : “(주)써니켐”) |
|
Registered Address |
168, Gasan digital 1-ro, Geumcheon-gu, Seoul, Korea |
|
Building |
C-1108,
Woolim Lion`s Valley 1-cha |
|
Zip Code |
153-786 |
|
Tel |
+82-2-2643-5122 |
|
Fax |
+82-2-2643-5127 |
|
E-mail |
elin@sunnychem.co.kr;sunny@sunnychem.co.kr;vicky@sunnychem.co.kr |
|
Website |
|
|
Trading
Address |
C-1108, Woolim Lion`s Valley 1-cha, 168,
Gasan digital 1-ro, Geumcheon-gu, Seoul, Korea (Old Address System : C-1108, Woolim Lion`s Valley 1-cha, 371-28,
Gasan-dong, Geumcheon-gu, Seoul, Korea) |
|
Tel |
+82-70-7605-5120~7 |
|
Fax |
+82-2-2643-5127 |
|
Type |
Export |
|
Industry |
Wholesaler
of Other Chemical Materials and Chemical Products such as Ethanol, Cyclo Nucleic Acid, Bis (Triethoxysilylpropyl) Disulfide,
Vinyltrimethoxysilane & Solvent |
|
Established (mm/dd/yyyy) |
10/05/2004 |
The Subject Company
occupies the premises of registered HQ address by leasing base.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Alkanes(12352001) |
|
Sell |
Waxes(12181500) |
|
Name |
Lee
Seon-Ik(Sunny) |
|
Address |
Suite 101-1402, 45, Yanghwa-ro, Mapo-gu,
Seoul, Korea |
|
Date of Birth |
03/08/1964 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
100,000,000 |
|
Employees |
8 |
|
Formation |
Co.,
Ltd by shares |
|
Bank Details |
Industrial Bank of Korea-Mapo Branch Woori Bank-Mok Dong Branch |
|
Corporate Registered No. |
110111-3093096 |
|
Business Registered No. |
117-81-51960 |
|
Permit & Licenses |
Int’l
Trade No.: 30528853 |
|
Shareholder Position |
N/A |
|
Company History |
10/05/2004 Incorporated as the present name 09/08/2010 Increased the authorized shares to
400,000 shares from 40,000 shares 09/10/2010 Increased capital to 100,000,000
KRW from 50,000,000 KRW 12/16/2013
Moved to the present HQ address from A-503, Woolim Lion`s Valley 1-cha,
371-28, Gasan-dong, Geumcheon-gu, Seoul, Korea |
|
|
|
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Lee
Seon-Ik(Sunny) |
Male |
Korean |
10/05/2007 |
|
Director |
M/S. |
Han Kye-Soo |
Female |
Korean |
10/05/2007 |
|
Director |
Mr. |
Park Yong-Min |
Male |
Korean |
09/08/2010 |
|
Auditor |
Mr. |
Han Dong-Seok |
Male |
Korean |
03/14/2007 |
|
Year / Unit
: KRW |
Sales |
Assets |
Net Income |
|
2010 |
19,050,000,000 |
1,939,000,000 |
376,000,000 |
|
2009 |
13,146,000,000 |
1,629,000,000 |
329,000,000 |
|
2008 |
5,186,000,000 |
1,213,000,000 |
102,000,000 |
|
2007 |
3,146,000,000 |
782,000,000 |
46,000,000 |
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) |
2,000,000,000 |
|
Paid-Up Capital(KRW) |
100,000,000 |
|
Total Issues Shares |
20,000 |
|
Main Products & Services |
Ethanol Cyclo Nucleic Acid Bis(triethoxysilylpropyl)disulfide Vinyltrimethoxysilane & Solvent |
|
Suppliers |
SK
ENERGY CO., LTD.(110111-3710385) |
|
Competitors |
CHANGHAE ETHANOL CO., LTD. 829, PALBOKDONG 3-GA, DEOKJIN-GU, JEONJU-SI,
JEOLLABUK-DO, KOREA TEL:+82-63-214-7800 FAX:+82-63-214-7805 HYUN JIN CO., LTD. 162-1, OHYANG-RI, SILCHON-EUP, GWANGJU-SI,
GYEONGGI-DO, KOREA TEL:+82-31-708-6255 FAX:+82-31-708-0382 CHEMICAL NETWORKS CO., LTD. 753-14, WONSAN-RI, ONSAN-EUP, ULJU-GUN,
ULSAN, KOREA TEL:+82-52-237-6111 FAX:+82-52-237-6110 |
(Activity & Markets)
The Subject exports
to China and Taiwan.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.00 |
|
UK Pound |
1 |
Rs.102.05 |
|
Euro |
1 |
Rs.81.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MNL |
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.