|
Report Date : |
21.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
WOOSOON CHEM CO., LTD. |
|
|
|
|
Registered Office : |
37, Simigok-ro, Idong-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do, Korea,
449-831 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
02.02.2007 |
|
|
|
|
Com. Reg. No.: |
142-81-05332 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Manufacture of Plastic Films, Sheets and Plates |
|
|
|
|
No of Employees : |
11 |
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 – 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 Africa is a
middle-income, emerging market with an abundant supply of natural resources;
well-developed financial, legal, communications, energy, and transport sectors
and a stock exchange that is the 16th largest in the world. Even though the
country's modern infrastructure supports a relatively efficient distribution of
goods to major urban centers throughout the region, unstable electricity
supplies retard growth. The global financial crisis reduced commodity prices
and world demand. GDP fell nearly 2% in 2009 but has recovered since then,
albeit slowly with 2014 growth projected at about 2%. Unemployment, poverty,
and inequality - among the highest in the world - remain a challenge. Official
unemployment is at nearly 25% of the work force, and runs significantly higher
among black youth. Eskom, the state-run power company, has built two new power
stations and installed new power demand management programs to improve power
grid reliability. Construction delays at two additional plants, however, mean
South Africa is operating on a razor thin margin; economists judge that growth
cannot exceed 3% until those plants come on line. South Africa's economic
policy has focused on controlling inflation, however, the country has had
significant budget deficits that restrict its ability to deal with pressing
economic problems. The current government faces growing pressure from special
interest groups to use state-owned enterprises to deliver basic services to low-income
areas and to increase job growth.
|
Source
: CIA |
|
Company Name |
WOOSOON CHEM
CO., LTD. (Korean Company Name : “(주)우순켐”) |
|
Registered Address |
37, Simigok-ro, Idong-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do, Korea |
|
Building |
|
|
Zip Code |
449-831 |
|
Tel |
+82-31-322-5750 |
|
Fax |
+82-31-335-4610 |
|
E-mail |
dark2ya@hanmail.net |
|
Website |
|
|
Trading Address |
37, Simigok-ro, Idong-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do, Korea (Old Address System : 249, Deokseong-ri, Idong-myeon, Cheoin-gu,
Yongin-si, Gyeonggi-do, Korea) |
|
Tel |
+82-31-322-5750 |
|
Fax |
+82-31-335-4610 |
|
Other Address |
|
|
Tel |
|
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Manufacture of Plastic Films, Sheets and Plates |
|
Main Business |
PVC Sheet, A-PET Sheet, PVDC Sheet,, Pharmaceutical
Hard Sheets, PVC Textiles |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
02/02/2007 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Plastic sheet(30102515) |
|
Name |
Na Jung-Chan |
|
Address |
1FL., 9-11, Nonhyeon-ro 12-gil, Gangnam-gu,
Seoul, Korea |
|
Date of Birth |
10/01/1953 |
|
Title |
Co-President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
50,000,000 |
|
Employees |
11 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
134511-0109874 |
|
Business Registered No. |
142-81-05332 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
02/02/2007 Incorporated as the present name
after spin off from KP TECH CO., LTD.(110111-0556310) |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Co-President & CEO |
Mr. |
Na Jung-Chan |
Male |
Korean |
03/09/2010 |
|
Co-President & CEO |
Mr. |
Baik Woo-Soon |
Male |
Korean |
03/31/2014 |
|
Director |
Mr. |
Baik Jong-Doo |
Male |
Korean |
03/09/2010 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2013 |
|
|
|
|
2012 |
|
|
|
|
2011 |
|
|
|
|
2010 |
|
|
|
|
2009 |
|
|
|
|
2008 |
|
|
|
The financials are not available, and the Subject
Company does not have any obligations to release its financials to the public.
|
Authorized Capital(KRW) |
100,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issued Shares |
5,000 |
|
Main Products & Services |
PVC Sheet, A-PET Sheet, PVDC Sheet,, Pharmaceutical
Hard Sheets, PVC Textiles |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
KP TECH CO., LTD.(110111-0556310) |
|
Competitors |
NOX CORPORATION 931, YONG-RI, GODEOK-MYEON, YESAN-GUN,
CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-337-7740 FAX:+82-41-337-7739 SHIN HO INDUSTRY CORP. 347-8, SANGJANG-RI, GODEOK-MYEON,
YESAN-GUN, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-337-7411 FAX:+82-41-337-7413 FINE INDUSTRIES CO., LTD. 77B-3L, NAMDONG INDUSTRIAL COMPLEX, 647-2,
GOJAN-DONG, NAMDONG-GU, INCHEON, KOREA TEL:+82-32-816-0231~4 FAX:+82-32-816-0238 |
|
Affiliates |
KP TECH CO., LTD.(110111-0556310) 251-4, DEOKSEONG-RI, IDONG-MYEON, CHEOIN-GU, YONGIN-SI, GYEONGGI-DO,
KOREA TEL:+82-31-321-4400
FAX:+82-31-321-4407 |
Not Available.
Not Available.
----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.29 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.78.15 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
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.