|
Report No. : |
302857 |
|
Report Date : |
13.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
KUMHO
PETROCHEMICAL CO., LTD. |
|
|
|
|
Registered Office : |
100, Cheonggyecheon-ro, Jung-gu, Seoul, Korea Signature Towers
East Annex 100-230 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
28.12.1970 |
|
|
|
|
Com. Reg. No.: |
102-81-31147 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Synthetic Rubber. |
|
|
|
|
No. of Employees |
1,273 |
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 : |
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 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 |
KUMHO PETROCHEMICAL CO., LTD. (Ex.
English Name : KOREA KUMHO
PETROCHEMICAL CO., LTD.) (Trade Name :
KKPC) (Korean Company Name : “금호석유화학(주)”) |
|
Registered
Address |
100, Cheonggyecheon-ro, Jung-gu, Seoul, Korea |
|
Building |
Signature Towers East Annex |
|
Zip Code |
100-230 |
|
Tel |
+82-2-6303-0114 |
|
Fax |
+82-2-6303-3329 |
|
E-mail |
webmaster@kkpc.com;imskim@kkpc.com |
|
Website |
www.kkpc.com |
|
Trading Address |
Signature Towers East Annex, 100, Cheonggyecheon-ro, Jung-gu, Seoul, Korea (Old Address System : Signature Towers East Annex, 99, Supyo-dong, Jung-gu, Seoul, Korea) |
|
Tel |
+82-2-6303-0114 |
|
Fax |
+82-2-6303-3329 |
|
Other Address-Ulsan Factory (Rubber) |
680, Sanggae-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-259-6114 |
|
Fax |
+82-52-275-6547 |
|
Other Address-Yeosu Factory (Synthetic Rubber) |
287-1, Pyeongyeo-dong, Yeosu-si, Jeollanam-do, Korea |
|
Tel |
+82-61-688-3000 |
|
Fax |
+82-61-688-3166 |
|
Other Address-Yeosu Factory (Rubber Chemicals) |
356, Hwachi-dong, Yeosu-si, Jeollanam-do, Korea |
|
Tel |
+82-61-688-3920 |
|
Fax |
+82-61-685-5806 |
|
Other Address-Ulsan Factory (Synthetic Resins) |
45-25, Seongnam-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-279-8600 |
|
Fax |
+82-52-273-1148 |
|
Other Address-Electronic Materials Division |
604, Namseong 1-ri, Sinchang-myeon, Asan-si, Chungcheongnam-do, Korea |
|
Tel |
+82-41-532-8657 |
|
Fax |
+82-41-532-8659 |
|
Other Address-KKPC
R&D Center |
57-1, Hwaam-dong 1-ga, Useong-gu, Daejeon, Korea |
|
Tel |
+82-42-865-8600 |
|
Fax |
+82-42-862-5651 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Synthetic Rubber |
|
Main Business |
Latex, Polystyrene, Expanded Polystyrene Foam,
Polyprophylene Glycol |
|
Sub Business |
Manufacture of Synthetic Resin and Other Plastic Materials |
|
Established
(mm/dd/yyyy) |
12/28/1970 |
The Subject owns
the premises of Yeosu Factory (Synthetic Rubber), Yeosu Factory (Rubber
Chemicals) and KKPC R&D Center.
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Additives(12160000) |
|
Sell |
Styrene acrylonitrile resin(13111026) |
|
Sell |
Resins(13111000) |
|
Sell |
Polybutadiene BR(13101719) |
|
Sell |
Elastomers(13101700) |
|
Sell |
Styrene butadiene SBR(13101705) |
|
Sell |
Anti oxidants(12162200) |
|
Sell |
Acrylonitrile butadiene NBR(13101701) |
|
Sell |
Thermoplastic plastics(13102000) |
|
Sell |
Acrylonitrile butadiene styrene resin(13111004) |
CEO’s
|
Name |
Park Chan-Koo |
|
Address |
- |
|
Date of Birth |
08/13/1945 |
|
Title |
Chairman &
CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
167,455,885,000 |
|||||||||||||||||||||||||||
|
Employees |
1,273 |
|||||||||||||||||||||||||||
|
Formation |
Listed Company
(Korea Stock Exchange : 011780 ) as of 01/22/1988 A Company of
Kumho Asiana Group |
|||||||||||||||||||||||||||
|
Bank Details |
Woori
Bank-Jongro Branch Korea
Development Bank |
|||||||||||||||||||||||||||
|
Corporate
Registered No. |
110111-0205975 |
|||||||||||||||||||||||||||
|
Business
Registered No. |
102-81-31147 |
|||||||||||||||||||||||||||
|
Permit &
Licenses |
05/1994 ISO
9001 08/1995 ISO
14001 Int’l Trade
No.: 852818 |
|||||||||||||||||||||||||||
|
Shareholder
Position |
|
|||||||||||||||||||||||||||
|
Company
History |
09/2012 Moved to the present HQ address from 21~24th Fl., Kumho Asiana Main Bldg., 115, Sinmunno 1-ga, Jongno-gu, Seoul, Korea 12/20/2011
Agreed on prolonging 1 year of Co-Management by Creditors(banks) 06/08/2010
Agreed with Bank Creditors Association for Management & Operation
Normalizing Plan 01/05/2010
Decide to increase the short-term borrowings as much as 60,000,000,000 KRW 12/2008
Awarded US$2 Billion Export Top Prize 03/14/2008
Changed company English name to KUMHO PETROCHEMICAL CO., LTD. , from KOREA
KUMHO PETROCHEMICAL CO., LTD. 10/2007
Commissioned Ulsan SBR plant expansion(110,000 tons) 06/2007
Established Rizhao KUMHO JINMA Chemical Co., Ltd. 04/2007 Broke
ground for second Yeosu combined heat and power plant 11/2006
Established Nanjing KUMHO GPRO Chemical Co., Ltd. 06/2006
Received National Environmental Management Excellence Award for GHG Reduction
from the Ministry of Environment 01/2006
Designated an “Environmentally Friendly Company” by the Ministry of
Environment 12/2005 2005
Received the Korea Management Awards 11/2005
Received the Tower of US$1 Billion Export Award 08/2004
Overseas office opened in LA, U.S.A. 06/2004
Received the Environment Management Award.(Ministry of Commerce, Industry and
Energy.) 08/2003 Kumho
Chemical Laboratory and Yicheon Laboratory merged into Kumho Petrochemical
R&D Center. 06/2003
Received the Environment Management Award. 11/2002
Overseas office opened in Frankfurt, Germany. 10/2002
Overseas office opened in Guangzhou, China. 01/2002 Took over
chemical business division of Kumho Development, Inc. 01/2001 Merged
with Kumho Chemicals, Inc. |
|||||||||||||||||||||||||||
|
Company
History |
10/2000
Shanghai Kumho Sunny Plastics Co., Ltd. established. 08/2000 OHSAS
18001 certification acquired. 06/2000
Recognized among the top 50 companies with superior quality competitiveness. 08/1999
Recognized among the top 50 companies with superior quality competitiveness. 11/1998 Asan
plant (Electronic materials division) launched. 07/1997
Overseas subsidiary established in LA, U.S.A. 07/1997
Combined heat & power plant in Yeosu built. 03/1997 Kumho
Chemicals, Inc. enlisted as an affiliated company. 03/1997
Contact of introducing Polycarbonate technology. 12/1996
Designated as an environmentally friendly company. 08/1995 ISO
14001 certification acquired. 03/1995
Opended Kumho Life & Environmental Science Laboratory in Gwangju. 10/1994
Plastic compounding technology introduced. 08/1994
Thermoplastic elastomer (SBS) production started. 05/1994 ISO
9001 certification acquired. 02/1994 Kumho
Chemical Laboratories opened in Daedeok Technovalley. 05/1993
Overseas office in Jakarta, Indonesia opened. 05/1992
Established BD plant.(Ulsan 50,000MT) 08/1990 UC
Plant in Yeosu launched. 03/1989 Kumho
Mitsui Chemicals, Inc. established. 12/1988
Multi-purpose BR plant launched. 12/1987 Korea
Kumho Petrochemical Co., Ltd. shares offered publicly. 11/1987 Kumho
P&B Chemical, Inc. established. 11/1987 Kumho
Monsanto, Inc. established. 06/1985 Kumho
Polychem Co., Ltd. established. 06/1985 Kumho
Petrochemical Research Center established. 06/1985 Korea
Synthetic Rubber Industries Co., Ltd. and Korea Kumho Chemicals, Inc. merged. 06/1985
Company Name changed to Korea Kumho Petrochemical Co., Ltd. 03/1984 SBR
Latex plant launched. (Ulsan) 12/1983 NBR
production initiated. 08/1982 HSR
production initiated. 03/1980 BR
plant launched. (Yeosu 25,000MT) 10/1979 BD
plant launched. (Yeosu 50,000MT) 06/1973 Sales
started. 04/1973 SBR
plant launched. (Ulsan 25,000MT) 12/1970 Korea
Synthetic Rubber Industries Co., Ltd. established. |
Management
|
Job
Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman &
CEO |
Mr. |
Park Chan-Koo |
Korean |
1945.08.13 |
Yonsei
University, Korea |
|
President
& CEO |
Mr. |
Kim Sung-Chae |
Korean |
1952.05.20 |
Yonsei
University, Korea |
|
Outside
Director |
Mr. |
Jung Jin-Ho |
Korean |
1954.12. |
Waseda Univ., Japan |
|
Outside
Director |
Mr. |
Lee Yong-Man |
Korean |
1933. 08.29 |
- |
|
Outside
Director |
Mr. |
Kim Yong-Hwan |
Korean |
1942. 11.09 |
- |
|
Outside
Director |
Mr. |
Song Ok-Ryeol |
Korean |
1969.11. |
- |
|
Year / Unit :
KRW |
Sales |
Assets |
Net Income |
|
993,557,737,822 |
3,201,544,639,853 |
15,423,733,889 |
|
|
(*)2013 |
4,193,220,006,900 |
3,234,381,778,494 |
-30,966,632,029 |
|
(*)2012 |
4,872,724,691,673 |
3,489,123,787,402 |
96,116,038,070 |
|
(*)2011 |
5,292,118,910,972 |
3,941,902,990,084 |
343,319,756,637 |
|
(*)2010 |
3,886,336,826,601 |
3,499,721,544,060 |
194,384,487,721 |
|
2009 |
2,801,661,889,764 |
3,199,869,250,611 |
-614,839,360,572 |
|
2008 |
3,182,489,831,123 |
3,714,811,641,273 |
-19,745,678,569 |
|
2007 |
2,124,530,864,841 |
2,850,979,750,310 |
134,406,821,328 |
|
2006 |
1,753,034,692,190 |
2,614,577,899,995 |
79,691,971,162 |
|
2005 |
1,709,311,674,769 |
1,973,569,879,865 |
121,408,851,727 |
|
2004 |
1,507,747,920,038 |
1,626,702,597,163 |
134,469,476,517 |
|
2003 |
1,198,939,587,721 |
1,415,344,107,691 |
21,013,673,907 |
(*)Figures are based on the K-IFRS
Accounting System.
Financial Description
|
Authorized
Capital(KRW) |
250,000,000,000 |
|
Paid-Up
Capital(KRW) |
167,455,885,000 |
|
Total Issues
Shares |
33,491,177
(Common : 30,467,691 / Preferable : 3,023,486) |
|
Balance Sheet |
|||
|
Unit : Korean
Won |
01/01/2014~03/31/2014 |
As of
12/31/2013 |
As of
12/31/2012 |
|
Total
Assets |
3,201,544,639,853 |
3,234,381,778,494 |
3,489,123,787,402 |
|
Current
Assets |
920,743,355,707 |
944,666,876,584 |
1,155,034,288,560 |
|
Inventories |
375,105,164,817 |
441,701,634,851 |
445,929,109,330 |
|
Trade
Receivables |
467,349,917,113 |
404,673,520,710 |
460,635,528,648 |
|
Other
Receivables |
53,328,467,159 |
56,201,181,514 |
42,289,537,313 |
|
Cash
& Cash Equivalents |
15,533,182,939 |
33,530,727,635 |
198,202,420,311 |
|
Other
Current Assets |
9,426,623,679 |
8,559,811,874 |
7,977,692,958 |
|
Non-Current
Assets |
2,280,801,284,146 |
2,289,714,901,910 |
2,334,089,498,842 |
|
Tangibles |
1,581,007,319,053 |
1,593,709,716,613 |
1,556,331,323,189 |
|
Investment_Real
Estates |
590,235,426 |
597,098,629 |
624,551,440 |
|
Intangibles |
12,063,385,682 |
13,462,344,967 |
19,066,239,762 |
|
Investment_Related
Companies |
388,429,839,914 |
388,429,839,914 |
377,205,614,676 |
|
Marketable
Financial Instruments |
276,806,857,819 |
265,763,218,209 |
349,286,760,628 |
|
Other Receivables |
13,286,556,707 |
13,469,277,780 |
27,562,665,769 |
|
Deferred
Income Taxes |
766,226,341 |
6,780,490,986 |
0 |
|
Other
Non-Current Assets |
7,850,863,204 |
7,502,914,812 |
4,012,343,378 |
|
Total
Liabilities |
2,049,637,885,399 |
2,069,386,253,798 |
2,224,632,653,234 |
|
Current
Liabilities |
1,156,672,948,437 |
1,177,420,500,926 |
1,154,797,923,952 |
|
Trade Payables |
249,707,409,496 |
218,776,467,970 |
214,703,117,976 |
|
Account
Payables & Other Payables |
142,839,098,866 |
185,046,902,959 |
164,604,770,730 |
|
Long-Term
Borrowings |
686,949,128,530 |
699,968,848,158 |
744,228,324,663 |
|
Accrued
Income Tax |
17,226,166,144 |
18,336,366,370 |
26,886,331,453 |
|
Current
Portion of Provisions |
53,475,948,475 |
50,865,686,845 |
0 |
|
Other
Current Liabilities |
6,475,196,926 |
4,426,228,624 |
4,375,379,130 |
|
Non-Current
Liabilities |
892,964,936,962 |
891,965,752,872 |
1,069,834,729,282 |
|
Long-Term
Trade Payables & Other Payables |
1,039,790,550 |
1,611,027,236 |
3,912,373,403 |
|
Long-Term
Borrowings |
866,981,639,788 |
864,849,510,181 |
1,032,298,132,753 |
|
Long-Term
Account Payables |
2,954,985,150 |
4,026,744,651 |
4,138,599,703 |
|
Confirmed
Salaries |
19,215,002,022 |
18,905,532,621 |
18,091,587,795 |
|
Deferred
Income Tax Credit |
0 |
0 |
8,414,901,117 |
|
Finance Guarantee Liabilities |
2,255,009,067 |
2,572,938,183 |
2,979,134,511 |
|
Derivatives |
518,510,385 |
0 |
0 |
|
Capital
Stock |
167,455,885,000 |
167,455,885,000 |
167,455,885,000 |
|
Capital
Surplus |
276,205,595,328 |
276,205,595,328 |
276,205,595,328 |
|
Capital
Adjustment |
-40,066,241,915 |
-40,066,241,915 |
-40,066,241,915 |
|
Others |
36,376,466,862 |
28,120,990,909 |
45,231,650,174 |
|
Profit
Surplus |
711,935,049,179 |
733,279,295,374 |
815,664,245,581 |
|
Total
Equity |
1,151,906,754,454 |
1,164,995,524,696 |
1,264,491,134,168 |
|
Liab.
& Shareholder’s Equity |
3,201,544,639,853 |
3,234,381,778,494 |
3,489,123,787,402 |
|
Income Statement |
|||
|
Unit : Korean
Won |
01/01/2014~03/31/2014 |
As of
12/31/2013 |
As of
12/31/2012 |
|
Sales |
993,557,737,822 |
4,193,220,006,900 |
4,872,724,691,673 |
|
Cost
of Sold Goods |
917,543,842,479 |
3,875,961,590,393 |
4,505,385,253,370 |
|
Gross
Profit |
76,013,895,343 |
317,258,416,507 |
367,339,438,303 |
|
Selling
& Admin. Expenses |
36,534,872,859 |
156,798,056,678 |
152,555,667,828 |
|
Operating
Income |
39,479,022,484 |
160,460,359,829 |
214,783,770,475 |
|
Other
Operating Income |
14,357,377,268 |
70,527,264,457 |
65,432,546,577 |
|
Other
Operating Expenses |
14,668,795,800 |
201,535,208,145 |
108,699,733,839 |
|
Finance
Income |
5,025,161,760 |
43,477,587,804 |
62,397,222,016 |
|
Finance
Expenses |
22,299,597,228 |
97,591,484,575 |
133,583,207,739 |
|
Income
Before Taxes |
21,893,168,484 |
-24,661,480,630 |
100,330,597,490 |
|
Income
Taxes Expenses |
6,469,434,595 |
6,305,151,399 |
4,214,559,420 |
|
Net
Income |
15,423,733,889 |
-30,966,632,029 |
96,116,038,070 |
|
Cash Flows |
|||
|
Unit : Korean
Won |
01/01/2014~03/31/2014 |
As of
12/31/2013 |
As of
12/31/2012 |
|
Operating
Activities Cash Flows |
51,505,309,402 |
292,044,921,968 |
239,538,333,127 |
|
Operating
Activities Cash Flows |
65,443,131,869 |
355,979,788,704 |
309,846,478,443 |
|
Interests
Received |
139,790,212 |
2,593,910,082 |
9,293,887,036 |
|
Interests
Paid |
-13,456,675,077 |
-61,341,872,376 |
-100,689,402,740 |
|
Dividends
Received |
5,250,194,800 |
20,847,136,802 |
17,551,982,632 |
|
Income
Taxes |
-5,871,132,402 |
-26,034,041,244 |
3,535,387,756 |
|
Cash
Flows from Investing |
-17,117,217,019 |
-189,676,892,591 |
-209,585,790,462 |
|
Cash
Flows from Financing |
-52,395,765,357 |
-266,810,016,273 |
-246,279,704,158 |
|
Increase/Decrease
in Cash |
-17,997,544,696 |
-164,671,692,676 |
-216,376,161,493 |
|
Cash
at the Beginning of Year |
33,530,727,635 |
198,202,420,311 |
414,578,581,804 |
|
Cash
at the End of Year |
15,533,182,939 |
33,530,727,635 |
198,202,420,311 |
Products,
Technologies, Services Description
|
Main Products
& Services |
Synthetic
Rubber BR, SBR, LBR,
S-SBR, NBR, HSR, TPE, SBR Latex, PAG Synthetic
Plastics ABS, PS, EPS,
SAN, PPG Rubber
Chemicals Antiaxidant,
Vulcanization Accelerator, Others Electronic
Chemicals Stripper,
Photoregist, BARC, PAG Brand Name: KOSYN,
KUMANOX, KUMAC, Barc |
||||||||||||||||||||||||||||
|
Annual
Production Capacity (Thousand M/T) |
|
||||||||||||||||||||||||||||
|
Technologies
Acquired |
|
Trade Partners &
Competitors
|
Suppliers |
|
|
Customers |
Synthetic
Rubber: Paper Manufacturer, Carpet Manufacturers Synthetic Plastics:
Electric/Electronics Parts Manufacturers, Car Manufacturers, Construction
Companies Rubber
Chemicals: Tire Manufacturers, Rubber/ Synthetic Rubber Parts Manufacturers Sales Channel Domestic :
Factory→ End-User (Tire, Shoe Manufacturers) Export : Direct :
Factory→ Overseas End-User (Master L/C) Local :
Factory→ Overseas End-User (Local L/C) Conditions Domestic :
Chas & Credit Export :
Irrevocable L/C Base, T/T KUMHO TIRE
CO., INC.(110111-2810590) HANKOOK TIRE
CO.,LTD.(110111-0034233) KOREA YAKULT
CO., LTD.(110111-0006852) DAEWOO
ELECTRONICS CORP.(110111-0546452) KUMHO P&B
CHEMICALS, INC.(206211-0018313) LG.PHILIPS
DISPLAYS KOREA CO., LTD.(176011-0025765) HYNIX
SEMICONDUCTOR INC.(134411-0001387) |
|
Competitors |
KPX CHEMICAL
CO., LTD. 190-3, CHUNGJEONGRO
2-GA SEODAEMUN-GU SEOUL, 120-012 SOUTH KOREA TEL:+82-2-3616500
FAX:+82-2-3635600 DONGSUNG
CHEMICAL CO., LTD. 472,
SHINPYONG-DONG SAHA-GU BUSAN, 604-836 SOUTH KOREA TEL:+82-51-2004500
FAX:+82-51-2045636 M&FC CO.,
LTD 376-11,
SEOGYO-DONG MAHPO-GU SEOUL, 121-839 SOUTH KOREA TEL:+82-2-3257050
FAX:+82-2-3253885 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
KUMHO TIRE
CO., LTD.(110111-2810590) (46.95% held
by the subject company) KUMHO POLYCHEM
CO., LTD.(110111-0400533) (50.00% held
by the subject company) KUMHO P&B
CHEMICALS, INC.(206211-0018313) (78.20% held
by the subject company) KUMHO
INDUSTRIAL CO., LTD.(110111-0134877) (21.56% held
by the subject company) DAEWOO
ENGINEERING & CONSTRUCTION CO., LTD.(110111-2137895) (4.49% held by
the subject company) KUMHO LIFE
INSURANCE CO., LTD.(200111-0014608) (23.83% held
by the subject company) KUMHO
RENT-A-CAR. INC(110111-0513253) |
|
Affiliates |
KUMHO MITSUI
CHEMICALS, INC.(110111-0612980) KUMHO RESORT
CO., LTD.(134511-0105856) KOREA ROAD
MANAGEMENT CO., LTD.(200111-0072416) ASIANA
AIRLINES INC.(110111-0562804) (14.61%
held by the subject company) KOREA EXPRESS
CO., LTD(110111-0006167) KOREA
INTEGRATED FREIGHT TERMINAL CO., LTD(110111-0853576) JUNG-BU
INTEGRATED FREIGHT TERMINAL CO., LTD.(110111-3284158) KUMHO TRADING
CO., CO., LTD.(110111-2079641) SEOUL EXPRESS
BUS TERMINAL CO., LTD.(110111-0187644) KUMHO TERMINAL
CO., LTD.(200111-0231418) AIR BUSAN CO.,
LTD.(180111-0605121) SONGNISAN EXPRESS
CO., LTD.(150111-0000286) PUSAN EAST
CONTAINER TERMINAL CO., LTD.(180111-0101252) PECT NEW
CONTAINER TERMINAL CO., LTD.(180111-0449579) GWANGYANG WEST
CONTAINER TERMINAL CO., LTD.(110111-3547514) THE KOREA
EXPRESS TERMINAL CO., LTD.(110111-1726227) DONG SEOK
LOGISTICS CO., LTD.(144711-0009135) TERMINAL
OPERATING CO., LTD OF MASAN PORT-PIER 4(194211-0035362) PUSAN GAMMAN
CONTAINER TERMINAL CO., LTD(180111-0560234) KOREA EXPRESS
BUSAN NEWPORT DISTRIPARK(194111-0012403) ULSAN PORT
OPERATING CO., LTD.(230111-0057769) INCHEON SOUTH
TERMINAL OPERATION COMPANY(120111-0426305) KE-CATI
LOGISTICS CO., LTD(204611-0024273) CNK WORLD
LOGISTICS CO., LTD(110111-3638496) ASIANAIDT,
INC.(110111-0801848) ASIANA ABACUS
, INC.(110111-3010925) KOREA EXPRESS
INFORMATION TECHNOLOGY CO., LTD.(110111-2230417) ASIANA AIRPORT
DEVELOPMENT CO., LTD.(110111-1412496) INCHEON
AIRPORT ENERGY CO., LTD.(110111-1415408) KUMHO ASIANA
MAIN TOWER CO., LTD.(110111-3207712) CHUNGJU
BORAMAE CO., LTD.(110111-3348524) BUGOK
ENVIRONMENT CO., LTD.(135211-0016488) GK FIXED LINK
CORP(180111-0443224) TAE-CHEON
DEVELOPMENT CO., LTD.(110111-1252644) PRUGIO SERVICE
CO., LTD.(110111-1675276) KUMHO STEEL
TECH CO., LTD.(154311-0016706) ILSAN GRAND
BRIDGE CORP.(110111-2576192) SOUTHWEST
COAST LEISURE COMPANY(205511-0024878) GREEN ANSEONG
ENVIRO CO., LTD(110111-3780833) KUMHO SONGDO
HOTEL CO., LTD.(120111-0451998) AAS AIRPORT
SERVICES. INC(110111-0562713) KUMHO
ENVIROTECH CO., LTD.(110111-1799703) KUMHO
AUTOLEASE, INC.(110111-3626970) |
|
Overseas
Office |
JAKARTA OFFICE SHENZHEN
OFFICE GUANGZHOU
OFFICE SHANGHAI
OFFICE LA OFFICE |
|
Subsidiary |
KUMHO P&B CHEMICALS, INC.(206211-0018313) (78.20% held by the subject company) KUMHO MITSUI CHEMICALS, INS.(110111-0612980) (50.0% held by the subject company) KUMHO POLYCHEM CO., LTD.(110111-0400533) (50.0% held by the subject company) KUMHO TIRE CO., INC.(110111-2810590) (46.95% held by the subject company) KUMHO RENT-A-CAR CO., LTD.(110111-0513253) KUMHO PETRO
HOLDINGS CO., LTD.(CHINA) (100.0% held by the subject company) |
|
Corporate
Ownership |
|
|
Major
Shareholders |
|
|
Cooperative
Enterprise |
-Insured
Company DONGBU INSURANCE CO., LTD.(110111-0095285) |
Sales by Region
(Activity & Markets)
|
Sales/ Unit
:Mil KRW |
2010 |
2009 |
2008 |
|
Export |
2,545,205 |
1,878,852 |
2,120,884 |
|
Domestic |
1,341,131 |
922,810 |
1,061,606 |
|
Total |
3,886,336 |
2,801,662 |
3,182,490 |
The Subject deals with the companies in USA, Asia and Europe.
Synthetic Rubber
: The subject exports to South East Asia, USA, China, Middle East and Europe.
Synthetic Plastics : The Subject exports to USA, China and Europe.
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount
(Million KRW) |
Status |
|
02/15/2005 |
International Trade Commission |
Plexis America LP |
The Subject and others(4) |
Infringement of patent |
U$20,000,000 |
The Subject won at 1st & 2nd rounds, and 3rd round is proceeding. |
|
|
|
The Subject |
Plexis America LP |
Violation of Anti-Trust Law |
- |
Proceeding |
Domestically there are 10 cases filed as Plaintiff(s)/ Creditor(s)/ Applicant(s) amounting 115,322,000,000 KRW, and 6 cases filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting 7,178,000,000 KRW.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
|
|
1 |
Rs.94.28 |
|
Euro |
1 |
Rs.73.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.