|
Report No. : |
317921 |
|
Report Date : |
18.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
TORAY CHEMICAL KOREA INC. |
|
|
|
|
Registered Office : |
102, Gumi-Daero, Gumi-Si,
Gyeongsangbuk-Do, Korea 730-906 |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
01.07.1972 |
|
|
|
|
Com. Reg. No.: |
515-81-00097 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Man-Made Fiber Fabrics |
|
|
|
|
No. of Employees : |
1,121 |
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 : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 Korea over the past four decades has demonstrated incredible
economic 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. A
system of close government and business ties, including directed credit and
import restrictions, initially 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 7% 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 over 6% growth in 2010. The US-Korea
Free Trade Agreement was ratified by both governments in 2011 and went into
effect in March 2012. Between 2012 and 2014, the economy experienced sluggish
growth because of external market slowdowns. The administration in 2015 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 the heavy reliance on
exports, which comprise about half of GDP
|
Source
: CIA |
|
Company Name |
TORAY CHEMICAL KOREA INC. (Trade Name : TCK) (Ex. English Company Name : WOONGJIN
CHEMICAL CO., LTD.) |
|
Registered Address |
102, Gumi-daero, Gumi-si,
Gyeongsangbuk-do, Korea (Old Address System : 287, Gongdan 2-dong,
Gumi-si, Gyeongsangbuk-do, Korea) |
|
Building |
|
|
Zip Code |
730-906 |
|
Tel |
+82-54-469-4114 |
|
Fax |
+82-54-469-4444 |
|
E-mail |
webmaster@saehan.co.kr |
|
Website |
www.toray-tck.co |
|
Trading Address |
FKI Bldg., 24, Yeoui-daero,
Yeongdeungpo-gu, Seoul, Korea (Old Address System : FKI Bldg., 28-1,
Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea) |
|
Tel |
+82-2-3279-7000 |
|
Fax |
+82-2-3279-7062 |
|
Other Address-Gumi 2nd Factory |
309, Gongdan-dong, Gumi, Gyungsangbuk-do, Korea |
|
Tel |
+82-54-480-3000 |
|
Fax |
+82-54-480-3002 |
|
Other Address-Anseong Factory |
58, Singeonji-dong, Anseong-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-677-2831~4 |
|
Fax |
+82-31-677-2835 |
|
Other Address-Yugu Factory |
688, Yugu-ri, Yugu-eup, Gongju, Chungcheongnam-do, Korea |
|
Tel |
+82-41-840-6100 |
|
Fax |
+82-41-840-6119 |
|
Other Address-R&D
Institute |
F3 906-19, Iui-dong Yeongtong-dong Suwon-si Gyeonggi-do, Korea |
|
Tel |
+82-31-546-7393 |
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Manufacture of Man-Made Fiber Fabrics |
|
Main Business |
Yarn, Fabrics, PET Sheet, Filter, Chip |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
07/01/1972 |
The Subject owns
the Gumi 1st and 2nd Factories and Yugu Factory.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Yarns(11151700 |
|
Sell |
Blank tapes(43202002) |
|
Sell |
Magneto Optical MO disks(43202006) |
|
Sell |
Cotton fibers(11151507) |
|
Sell |
Resins(13111000) |
|
Sell |
Filters(40161500) |
|
Sell |
Concrete pilings(30102802) |
|
Sell |
Polyester films(13111210) |
|
Sell |
Blank video tapes(45131604) |
|
Sell |
Fabrics and leather materials(11160000) |
|
Sell |
Water purification equipment(47101514) |
|
Sell |
Sheet(30102500) |
|
Name |
Park Chan-Koo |
|
Address |
- |
|
Date of Birth |
07/31/1963 |
|
Title |
Vice President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
237,230,757,000 |
||||||||||||
|
Employees |
1,121 |
||||||||||||
|
Formation |
(Korea
Stock Exchange : 008000 ) as of 06/30/1977 Foreign Direct Investment Corporation A Company of TORAY GROUP |
||||||||||||
|
Bank Details |
Woori Bank Kyungnam Bank Korea Exchange Bank Korea Development Bank |
||||||||||||
|
Corporate Registered No. |
174811-0000151 |
||||||||||||
|
Business Registered No. |
515-81-00097 |
||||||||||||
|
Permit & Licenses |
11/1993 ISO 9002 09/1994 ISO 9001 12/1995 ISO 9002-Kyungsan factory 12/1996 ISO 14001 Gumi 1 Factory 12/1997 ISO 14001-Kyungsan factory Int’l Trade No.: 875527 |
||||||||||||
|
Shareholder Position |
|
||||||||||||
|
Company History |
07/01/1972 Incorporated as Cheil
Synthetics Textiles Co. Ltd 02/28/1989 Changed company name to Cheil
Synthetics Inc. 08/31/1995 Separated from Samsung Business
Group 02/28/1997 Changed company name to SAEHAN
INDUSTRIES INC 10/30/1999 Acquired SAEHAN CONSTRUCTION
CO., LTD. 03/2000 Established DSI, a joint venture
with DuPont / 03/2000 Received ‘IR52 Award’ for
Semiconductor lead fixing tape 06/2000 Received ‘Defense Quality System
Award’ in the textile area 02/2002 Received ‘Export-to-Japan Merit
Award’ from Korea Textile Trade Association 10/2002 Received ‘Korean World-class
Product Award’ for high bulky hollow fiber and fire retardant fiber / 10/2002 Received ‘Prime Minister’s Award’
for reverse osmosis membrane for seawater desalination at the New Tech Korea
2002 03/2003 Received ‘Korean World-class Product
Award’ for Suede stretch fabric, fouling resistant reverse osmosis membrane 11/2003 Received ‘Korean World-class
Product Award’ for Polyester/rayon blended stretch fabric 07/2005 Received ‘Korean World-class
Product Award’ for polyester micro corduroy 11/2005 Received ‘Commerce Industry &
Energy Minister Award’ for polyester micro corduroy 06/2006 Completed Gumi PlantⅡ 10/2006 Received ‘Commerce Industry &
Energy Minister Award’ at the 2006 Korea Technology Grand Prize for High
functional nano membranes. 11/2006 Received ‘2006 Gyeongsangbuk-do
Energy Saving Best Prize’ at Gumi Plant. 03/21/2008 Changed the Company name to
Woongjin Chemical Co., Ltd. 06/30/2008 Acquired Yugu Filer Factory from WOONGJIN COWAY CO., LTD.(110111-0626501) 03/20/2009 Decided to spin off the par
value to 500 KRW from 5,000 KRW 01/2010 Moved to the present trading
address from 254-8, Gongdeok-dong, Mapo-gu, Seoul, Korea 12/01/2012 Split off the company; existing
company(WOONGJIN CHEMICAL CO., LTD.) and newly established company(Woongjin
Textile Co., Ltd.) 03/31/2014 Changed company name to the
present name 11/21/2014 Moved to the present trading
address from 23th Fl, Namsan Square Bldg, 173, Toegye-ro, Jung-gu, Seoul,
Korea (Old Address System : 23th Fl, Namsan Square Bldg, 60-1, Chungmuro
3-ga, Jung-gu, Seoul, Korea) (*) History of Corporate Work-Out Procedure 05/18/2000 Applied to Corporate Work-Out
Procedure 06/02/2000 Decided to Corporate Work-Out
Procedure at the 2nd meeting of Creditors 10/18/2002 Signed the agreement on the
Corporate Work-Out Procedure between the creditors of financial institutes
and the Subject Company 12/30/2004 Postponed the payment of debts
until 12/31/2006 based on the agreement on the 3rd Corporate Work-Out
Procedure 12/28/2006 Postponed the payment of debts
until 06/30/2007 based on the agreement on the 4th Corporate Work-Out
Procedure 04/05/2007 Postponed the payment of debts
until 12/31/2008 based on the agreement on the 5th Corporate Work-Out
Procedure 01/25/2008 Completed the Corporate Work-Out
Procedure 03/21/2008 Changed company name to the
present name 06/30/2008 Transferred Water Treatment
Business to WOONGJIN COWAY CO., LTD.(110111-0626501) 06/30/2008 Acquired Yugu Filter Factory
from WOONGJIN COWAY CO., LTD.(110111-0626501) 03/20/2009 Spin off the par value to 500
KRW from 5,000 KRW 05/30/2013 Merged the par value to 5,000
KRW from 500 KRW |
||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education & Career |
|
Vice President & CEO |
Mr. |
Park Chan-Koo |
Korean |
1963.07.31 |
The Wharton School, University of
Pennsylvania, MBA |
|
Chairman & CEO |
Mr. |
Lee Young-Kwan |
Korean |
1947.09. |
Hongik University, Korea |
|
Vice Chairman & CEO |
Mr. |
Nishimoto Yasunobu |
Japanese |
1950.08. |
Tokyo University, Japan |
|
Executive Director |
Mr. |
Ahn Ji-Yong |
Korean |
1972.01.19 |
Yonsei University, Korea |
|
Auditor |
Mr. |
Hong Chul-Keun |
Korean |
1953.04. |
- |
|
Director |
Mr. |
Hujikawa Junichi |
Japanese |
1946.01. |
President & CEO of Woongjin Holdings Co., Ltd. |
|
Sr. Executive Director |
Mr. |
Nishimura Kenichi |
Japanese |
1965.01. |
Present Prof., of Hanyang University, Korea |
|
Outside Director |
Mr. |
Park Bong-Kyu |
Korean |
1953.09. |
Present Prof., of Kunkuk University, Korea |
|
Outside Director |
Mr. |
Baik Jae-Heum |
Korean |
1954.04. |
Kim & Chang |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
809,635,311,673 |
705,207,898,909 |
-34,718,612,725 |
|
|
(*)2013 |
900,993,416,004 |
774,378,871,709 |
3,362,087,048 |
|
(*)2012 |
1,033,403,598,469 |
744,036,376,891 |
2,698,827,891 |
|
(*)2011 |
1,083,493,108,408 |
739,882,854,953 |
4,015,971,868 |
|
(*)2010 |
911,193,873,590 |
710,069,168,417 |
60,257,241,522 |
|
2009 |
803,174,786,065 |
620,741,739,445 |
10,182,466,223 |
|
2008 |
833,144,577,137 |
581,733,000,906 |
2,188,321,316 |
|
2007 |
738,215,214,924 |
597,081,062,377 |
-59,139,312,104 |
|
2006 |
716,754,465,391 |
886,459,599,104 |
-91,438,625,923 |
|
2005 |
744,435,173,207 |
1,004,443,504,799 |
5,506,215,130 |
|
2004 |
742,625,976,438 |
1,122,944,383,321 |
15,122,739,623 |
(*)Figures are
based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
500,000,000,000 |
|
Paid-Up Capital(KRW) |
237,230,757,000 |
|
Total Issues Shares |
46,363,851 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total Assets |
705,207,898,909 |
774,378,871,709 |
744,036,376,891 |
|
Current
Assets |
230,463,421,240 |
249,784,031,332 |
235,185,071,963 |
|
Cash & Cash Equivalents |
38,131,742,421 |
51,374,111,836 |
28,036,826,564 |
|
Deposits |
6,764,000,000 |
0 |
654,471,754 |
|
Trade Receivables |
100,790,096,941 |
110,864,027,768 |
113,313,740,376 |
|
Other Receivables |
4,327,275,318 |
4,012,218,327 |
11,360,269,597 |
|
Other Current Assets |
1,878,477,280 |
2,544,091,584 |
3,054,131,837 |
|
Inventories |
78,571,829,280 |
80,989,581,817 |
78,514,483,644 |
|
Deferred Income Tax Assets |
0 |
0 |
251,148,191 |
|
Non-Current
Assets |
474,744,477,669 |
524,594,840,377 |
508,851,304,928 |
|
Non-Current Financial Instruments |
960,000,000 |
600,000,000 |
1,240,000,000 |
|
Marketable Financial Instruments |
1,059,566,785 |
925,137,860 |
723,235,036 |
|
Long-Term Trade Receivables |
20,257,763 |
110,446,017 |
0 |
|
Other Receivables |
6,454,321,454 |
3,867,473,504 |
4,663,712,025 |
|
Investment_Subsidiaries |
64,452,267,385 |
64,443,915,485 |
63,600,822,585 |
|
Investment_Related Companies |
4,621,552,065 |
5,177,402,065 |
4,065,702,065 |
|
Deferred Income Tax Assets |
23,768,363,098 |
17,845,713,520 |
16,163,208,671 |
|
Other Non-Current Assets |
166,852,500 |
2,166,852,500 |
2,166,852,500 |
|
Tangibles |
346,626,423,398 |
398,202,462,074 |
381,450,367,736 |
|
Investment_Real Estates |
14,327,889,020 |
13,880,699,715 |
14,019,843,784 |
|
Intangibles |
12,286,984,201 |
17,374,737,637 |
20,757,560,526 |
|
Total
Liabilities |
426,097,042,146 |
462,135,804,457 |
435,355,106,862 |
|
Current
Liabilities |
162,706,700,458 |
273,037,358,463 |
322,149,925,081 |
|
Current Portion of Derivatives |
33,698,954 |
482,291,433 |
626,532,129 |
|
Other Current Financial Debts |
3,567,015 |
121,097,381 |
190,175,852 |
|
Trade Payables |
58,048,314,069 |
80,564,838,090 |
73,686,718,430 |
|
Other Payables |
40,617,037,919 |
44,086,531,994 |
49,071,872,177 |
|
Short-Term Borrowings |
56,247,443,513 |
87,668,840,776 |
142,693,773,906 |
|
Current Portion of Debentures |
0 |
40,533,903,131 |
30,000,000,000 |
|
Current Portion of Long-Term
Debts |
200,000,000 |
13,798,883,232 |
12,452,078,094 |
|
Accrued Income Taxes |
1,763,566,487 |
1,104,151,438 |
0 |
|
Current Portion of Provisions |
939,453,136 |
806,478,343 |
731,281,468 |
|
Other Current Liabilities |
4,853,619,365 |
3,870,342,645 |
12,697,493,025 |
|
Non-Current
Liabilities |
263,390,341,688 |
189,098,445,994 |
113,205,181,781 |
|
Derivatives |
0 |
15,289,550 |
241,076,661 |
|
Other Non-Current Non-Financial
Debts |
124,691,050 |
149,932,802 |
227,663,376 |
|
Other
Non-Current Liabilities |
11,570,270,109 |
7,017,977,381 |
5,888,012,136 |
|
Long-Term Borrowings |
242,200,000,000 |
167,375,932,898 |
32,200,000,000 |
|
Confirmed Salaries |
8,948,062,390 |
14,053,801,133 |
13,527,429,589 |
|
Provisions |
547,318,139 |
485,512,230 |
485,512,230 |
|
Debenture |
0 |
0 |
60,635,487,789 |
|
Capital
Stock |
237,230,757,000 |
237,230,757,000 |
237,230,757,000 |
|
Profit Surplus |
40,533,940,538 |
74,421,446,690 |
73,495,640,178 |
|
Installments |
147,565,815 |
7,360,327 |
-746,662,790 |
|
Others |
1,198,593,410 |
583,503,235 |
-1,298,464,359 |
|
Total Equity |
279,110,856,763 |
312,243,067,252 |
308,681,270,029 |
|
Liab. & Shareholder’s Equity |
705,207,898,909 |
774,378,871,709 |
744,036,376,891 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
809,635,311,673 |
900,993,416,004 |
1,033,403,598,469 |
|
Cost of Sold Goods |
700,739,144,835 |
798,340,907,222 |
910,203,145,392 |
|
Gross Profit |
108,896,166,838 |
102,652,508,782 |
123,200,453,077 |
|
Selling & Admin. Expenses |
-83,679,649,773 |
89,720,671,974 |
106,579,285,546 |
|
Operating Income |
25,216,517,065 |
12,931,836,808 |
16,621,167,531 |
|
Other Non-Operating Income |
16,167,274,705 |
18,023,942,914 |
19,633,274,638 |
|
Other Non-Operating Expenses |
-63,304,470,743 |
-13,655,656,361 |
21,912,050,683 |
|
Profits from Investment on
Related Companies |
-555,850,000 |
0 |
0 |
|
Finance Income |
694,512,586 |
1,730,371,716 |
3,596,562,401 |
|
Finance Expenses |
-16,815,027,070 |
-14,454,375,167 |
13,033,718,883 |
|
Income Before Taxes |
-38,597,043,457 |
4,576,119,910 |
4,905,235,004 |
|
Income Taxes Expenses |
-3,878,430,732 |
1,214,032,862 |
2,206,407,113 |
|
Net Income |
-34,718,612,725 |
3,362,087,048 |
2,698,827,891 |
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Operating
Activities Cash Flows |
45,622,601,191 |
48,223,351,556 |
56,957,724,959 |
|
Net Income |
-34,718,612,725 |
3,362,087,048 |
2,698,827,891 |
|
Expenses |
108,553,181,447 |
58,468,997,011 |
63,894,585,386 |
|
Profits |
-3,934,279,301 |
-4,588,460,221 |
-7,374,220,544 |
|
Changes in Asset/ & Liability |
-22,538,455,142 |
-8,411,775,160 |
-2,085,300,146 |
|
Income Taxes |
-1,739,233,088 |
-607,497,122 |
-176,167,628 |
|
Cash
Flows from Investing |
-36,798,196,597 |
-47,403,977,543 |
-103,208,129,460 |
|
Cash Inflow from Investing |
3,933,006,484 |
4,004,170,187 |
52,211,552,633 |
|
Cash Outflows for Investing |
-40,731,203,081 |
-51,408,147,730 |
-155,419,682,093 |
|
Cash
Flows from Financing |
-23,289,263,643 |
22,996,631,503 |
20,364,329,813 |
|
Cash Inflows from Financing |
743,280,064,271 |
613,067,603,021 |
179,146,927,749 |
|
Cash Outflows from Financing |
-766,569,327,914 |
-590,070,971,518 |
-158,782,597,936 |
|
Increase/Decrease
in Cash |
-14,464,859,049 |
23,816,005,516 |
-25,886,074,688 |
|
Cash at
the Beginning of Year |
51,374,111,836 |
28,036,826,564 |
54,415,542,704 |
|
Cash at
the End of Year |
38,131,742,421 |
51,374,111,836 |
28,036,826,564 |
|
Main Products & Services |
Polyester Filament Polyester Staple Fiber Chip Textile Filter Water Treatment Sheet Brand Name : ESLON, CSM |
||||||||||||
|
Detailed Products Spec. |
|
|
Competitors |
HUVIS CORPORATION(110111-2102070) HYOSUNG CORPORATION(110111-0030497) DAEHAN SYNTHETIC FIBER CO., LTD.(110111-0012437) |
|
Affiliates |
TORAY COATEX CO.,LTD. TORAY MONOFILAMENT CO.,LTD. ICHIMURA SANGYO CO., LTD. TORAY FINE CHEMICALS.CO., LTD. TORAY PLASTICS PRECISION CO., LTD. TORAY ADVANCED FILM CO., LTD. SODA AROMATIC CO., LTD. TORAY BATTERY SEPARATOR FILM CO., LTD. TORAY ENGINEERING CO., LTD. TORAY PRECISION CO., LTD TORAY SYSTEMS CENTER, INC SUIDO KIKO KAISHA, LTD. TORAY MEDICAL CO., LTD. TORAY RESEARCH CENTER, INC. TORAY ENTERPRISE CORP. TORAY INTERNATIONAL, INC. CHORI CO.,LTD. TORAY TEXTILES EUROPE LTD. ALCANTARA S.P.A. P.T. EASTERNTEX P.T. INDONESIA TORAY SYNTHETICS LUCKYTEX (THAILAND) PUBLIC COMPANY LIMITED THAI TORAY TEXTILE MILLS PUBLIC COMPANY
LIMITED THAI TORAY SYNTHETICS CO., LTD. PENFABRIC SDN.BERHAD PENFIBRE SDN.BERHAD TORAY FIBERS(NANTONG) CO.,LTD. (TFNL) TORAY POLYTECH (NANTONG) CO.,LTD. (TPN) TORAY SAKAI WEAVING & DYEING(NANTONG)CO.,LTD.
(TSD) TORAY ADVANCED MATERIALS KOREA INC. TORAY CHEMICAL KOREA INC. TORAY PLASTICS (AMERICA), INC. TORAY FILMS EUROPE S.A.S. TORAY PLASTICS (MALAYSIA) SDN.BERHAD TORAY PLASTICS (SUZHOU)CO.,LTD. (TPSU) STEMCO, LTD. TORAY CARBON FIBERS AMERICA, INC. TORAY COMPOSITES (AMERICA), INC. TORAY CARBON FIBERS EUROPE S.A. TORAY INDUSTRIES (CHINA)CO.,LTD. (TCH) TORAY INDUSTRIES (H.K.) LTD. |
|
Subsidiary |
PT. TCK
TEXTILES INDONESIA (90.34% held by the subject company) 6TH FLOOR,
ROOM 604, KOREA CENTER.JL. GATOT SUBROTO KAV. 58 JAKARTA SELATAN, 12950,
INDONESIA TCK MEMBRANE
(TIANJIN) CO., LTD (100.00% held by the subject company) NO.2 KEYUAN
4ST TEDA(JINNAN) MICRO-ELECTRONICS INDUSTRIAL AREA BALITAI-ZHEN
JINNAN-DISTRICT TIANJIN, 300-350 CHINA. TCK SHANGHAI
CO., LTD. (100.00% held by the subject company) RM 2307,
INTERNATIONAL TRADE CENTER, 2200 YANAN ROAD(W). SHANGHAI, 200336, CHINA TCK MEMBRANE
AMERICA INC. (100.00% held by the subject company) 3390 E.
MIRALOMA AVE.ANAHEIM, CA 92806, USA TCK FIBERS (SUZHOU)
CO., LTD. (100.00% held by the subject company) LUSI ROAD 2,
WUJIANG DISTRICT PINGWANG TOWN ZHONGLU INDUSTRY PARK, WU JIANG SHI, SUZHOU
CITY, JIANGSU , CHINA TCK TRADING
SINGAPORE PTE. LTD. (100.00% held by the subject company) 152 BEACH
ROAD, GATEWAY EAST #18-02, SINGAPORE 189721 TCK TEXTILES KOREA INC.(176011-0080107) (100.00% held by the subject company) TCK TEXTILES
VINA CO.,LTD. LOT I4, ROAD
NO.4, HAI SON INDUSTRIAL ZONE, DUC HOA HA COMMUNE, UC HOA DISTRICT, LONG AN
PROVINCE |
|
Corporate Ownership |
WOONGJIN HOLDINGS CO., LTD.(110111-0346745) |
|
Major Shareholders |
WOONGJIN HOLDINGS CO.,
LTD.(110111-0346745) |
|
Sales/ Unit :Mil
KRW |
09/2012 |
2011 |
2010 |
|
Export |
497,851 |
695,274 |
582,831 |
|
Domestic |
286,831 |
388,219 |
328,363 |
|
Total |
784,682 |
1,083,493 |
911,194 |
The Subject exports to China, Japan, Europe and North America.
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
Seoul Central District Court |
Hyundai oil Refinery Co., ltd.(110111-0090558) |
The Subject Company |
Claim for Receivables |
90,024,000 |
The Subject won as of 02/05/2014 |
|
|
Busan District Court |
Prosecutor |
The Subject Company & Others |
|
|
1st round is proceeding. |
-------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.35 |
|
|
1 |
Rs.93.10 |
|
Euro |
1 |
Rs.67.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.