|
Report No. : |
327090 |
|
Report Date : |
12.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
GS CALTEX CORPORATION |
|
|
|
|
Registered Office : |
508, Nonhyeon-Ro, Gangnam-Gu, Seoul, GS Gangnam Tower, Korea 135-985 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.03.2015 |
|
|
|
|
Date of Incorporation : |
19.05.1967 |
|
|
|
|
Com. Reg. No.: |
116-81-19123 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Wholesale of Liquid Fuel and Related Products |
|
|
|
|
No. of Employees : |
2,932 |
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 : |
No Complaints |
|
|
|
|
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 |
GS CALTEX CORPORATION |
|
Registered Address |
508, Nonhyeon-ro, Gangnam-gu, Seoul, Korea |
|
Building |
GS Gangnam Tower |
|
Zip Code |
135-985 |
|
Tel |
+82-2-2005-1114 |
|
Fax |
+82-2-2005-6051 |
|
E-mail |
kimsj@gscaltex.co.kr |
|
Website |
www.gscaltex.co.kr |
|
Trading Address |
GS Gangnam Tower, 508, Nonhyeon-ro,
Gangnam-gu, Seoul, Korea (Old Address System : GS Gangnam Tower,
679, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea) |
|
Tel |
+82-2-2005-1114 |
|
Fax |
+82-2-2005-6051 |
|
Other Address-Refinery and Petrochemical Complex /Yeosu
Factory |
1056 Wollae-dong, Yeosu-si, Jeonnam-do
550-600 Korea |
|
Tel |
+82-61-680-2114 |
|
Fax |
+82-61-686-3333 |
|
Other Address-Factory |
382-2 Wonchang-dong, Seo-gu, Incheon
404-210 Korea |
|
Tel |
+82-32-577-9212 ~ 3 |
|
Fax |
+82-32-577-9215 |
|
Other Address-Value Creation Center |
104-4 Munji-dong, Yuseong-gu, Daejeon
305-380 Korea |
|
Tel |
+82-42-866-1616 |
|
Fax |
+82-42-863-6104 |
|
Other Address-Customer Service Center |
20th Fl.Kukje Electronics Center, 1445-3,
Seocho-dong, Seocho-gu, Seoul 137-728 Korea |
|
Tel |
+82-2-1588-5172 |
|
Fax |
+82-2-3465-5088 |
|
Other Address-Gwangju Oil Reservoir |
502 Hanam-dong, Gwangsan-gu, Gwangju 506-250
Korea |
|
Tel |
+82-62-952-5863 |
|
Fax |
|
|
Other Address-Gunsan Oil Reservoir |
11-13 Soryong-dong, Gunsan-si, Jeonbuk-do
573-879 |
|
Tel |
+82-63-467-3600 |
|
Fax |
|
|
Other Address-Daegu Oil Reservoir |
450 Namha-ri, Hayang-eup, Gyeongsan-si, Gyeongbuk-do
712-906 Korea |
|
Tel |
+82-53-353-2271 |
|
Fax |
|
|
Other Address-Daejeon Oil Reservoir |
547-28 Gasuwon-dong, Seo-gu, Daejeon
302-801 Korea |
|
Tel |
+82-42-542-0316 |
|
Fax |
|
|
Other Address-Donghae Oil Reservoir |
227 Guho-dong, Donghae-si, Gangwon-do
240-230 Korea |
|
Tel |
+82-33-521-0112 |
|
Fax |
|
|
Other Address-Masan Oil Reservoir |
64-15 Sinchon-dong, Changwon-si,
Gyeongnam-do 641-370 Korea |
|
Tel |
+82-55-264-4624 |
|
Fax |
|
|
Other Address-Mokpo Oil Reservoir |
330-1 Nabul-ri, Samho-myeon, Yeongam-gun,
Jeonnam-do 526-891 Korea |
|
Tel |
+82-61-464-5541 |
|
Fax |
|
|
Other Address-Busan Oil Reservoir |
254-13 Gamman 1-dong, Nam-gu, Busan 608-803
Korea |
|
Tel |
+82-51-640-8484 |
|
Fax |
|
|
Other Address-Incheon Oil Reservoir |
97-4 Bukseong-dong 1-ga, Jung-gu, Incheon
400-201 Korea |
|
Tel |
+82-32-770-2701 |
|
Fax |
|
|
Other Address-Jeonju Oil Reservoir |
173-2 Bugyo-ri, Yongji-myeon, Gimje-si,
Jeonbuk-do 576-973 Korea |
|
Tel |
+82-63-546-8351 |
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Petroleum Refineries |
|
Main Business |
Petroleum, Lubricants, Aromatics, Polypropylene, Liquefied Petroleum
Gas, Naphtha, Gasoline, Kerosene, Diesel Fuel, Polypropylene, Card Services, Oil
Station Operation Services |
|
Sub
Business |
Wholesale of Liquid Fuel and Related Products |
|
Established (mm/dd/yyyy) |
05/19/1967 |
The Subject owns
the premises of Yeosu Factory(3,825,714m2).
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Hydraulic oil(15121504) |
|
Sell |
Engine oil(15121501) |
|
Sell |
Gear oil(15121503) |
|
Sell |
Grease(15121902) |
|
Sell |
Lubricating preparations(15121500) |
|
Sell |
Kerosene(15101502) |
|
Sell |
Aviation fuel(15101504) |
|
Sell |
Liquified petroleum gas(15111510) |
|
Sell |
Benzene(15101507) |
|
Sell |
Aromatic or heterocyclic compounds(12352005) |
|
Sell |
Hydrocarbonated solvents(12191500) |
|
Sell |
Polypropylene PP(13102022) |
|
Sell |
Asphalt(30121601) |
|
Sell |
Fuel oil(15101700) |
|
Sell |
Resins(13111000) |
|
Sell |
Diesel fuel(15101505) |
|
Name |
Hur Dong-Soo |
|
Address |
717-9, Yeoksam-dong, Gangnam-gu, Seoul, Korea |
|
Date of Birth |
07/13/1943 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
260,000,000,000 |
|||||||||||||||
|
Employees |
2,932 |
|||||||||||||||
|
Formation |
Co., Ltd by shares Foreign Direct Investment Corporation A company of GS Group |
|||||||||||||||
|
Bank Details |
Korea Development Bank Hana Bank S.C. First Bank of Korea |
|||||||||||||||
|
Corporate Registered No. |
110111-0078819 |
|||||||||||||||
|
Business Registered No. |
116-81-19123 |
|||||||||||||||
|
Permit & Licenses |
12/2003 autoOasis, ISO 9001:2000 from BSI
(UK) 11/2001 QS-9000 from DNV (Det Norske
Veritas) 03/1998 ISO14001 Int’l Trade No.: 680200 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
05/19/1967 Incorporated as Honam Oil
Refinery Co., Ltd. 10/31/1968 Registered as a Foreign Direct
Investment Corporation 11/30/1991 Awarded US$ 500 Million Export
Top Prize 05/20/1996 Changed company name to LG
Caltex Oil Refinery Co., Ltd. 10/04/1999 Moved to the present HQ address
from 20, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea 03/31/2005 Changed company name to the present name 06/2012 Decided to sell Gas, Electric Power, Resources Development,
Green Energy Business to GS ENERGY CORPORATION(110111-4765412) amounting
1,106,200,000,000 KRW |
|||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education/Career |
|
Chairman |
Mr. |
Hur Dong-Soo |
Korean |
1943.07.13 |
Ph.D., of Wisconsin University |
|
Vice Chairman & CEO |
Mr. |
Hur
Jin-Soo |
Korean |
1953.09.12 |
George Washington University |
|
President & CEO |
Mr. |
Kim
Byung-Yeol |
Korean |
1954.10. |
McGill University, Canada |
|
Director |
Mr. |
Na
Wan-Bae |
Korean |
1950.12.04 |
Korea University |
|
Director |
Mr. |
Jung
Taik-Keun |
Korean |
1953.11. |
Yonsei University |
|
Director |
Mr. |
R. C. Krogmeier |
USA |
1968.09. |
Chevron International Products Vice President |
|
Director |
Mr. |
J. S. Farrand |
- |
1953.10. |
Chevron
Downstream & Chemicals Vice President |
|
Director |
Mr. |
W. L. Stone |
- |
1958.02. |
Star Petroleum
Refining Company President & CEO |
|
Director |
Mr. |
W. J. Miner |
- |
1957.12. |
Chevron Korea
Country Chairman |
|
Director |
Mr. |
J. J. Kuehn |
- |
1968.06. |
Chevron Supply
& Trading General Manager |
|
Auditor |
Mr. |
Jung Chan-Soo |
Korean |
1962.11. |
Seoul National University |
|
Auditor |
Mr. |
Paul H. Burmeister |
South Africa |
1959.06.04 |
Chevron Korea |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)03/2015 |
6,509,000,000,000 |
18,437,015,000,000 |
146,564,000,000 |
|
(*)2014 |
38,246,454,000,000 |
18,733,675,000,000 |
-683,613,000,000 |
|
(*)2013 |
44,069,494,000,000 |
21,623,179,000,000 |
359,619,000,000 |
|
(*)2012 |
46,155,917,000,000 |
21,890,889,000,000 |
1,131,037,000,000 |
|
(*)2011 |
44,954,889,000,000 |
23,680,434,000,000 |
1,135,728,000,000 |
|
(*)2010 |
33,039,593,000,000 |
21,120,882,000,000 |
716,196,000,000 |
|
(*)2009 |
26,088,461,000,000 |
19,711,057,000,000 |
574,272,000,000 |
|
2008 |
34,424,216,000,000 |
18,390,031,000,000 |
-290,335,000,000 |
|
2007 |
21,468,331,000,000 |
15,230,425,000,000 |
632,020,000,000 |
|
2006 |
19,130,049,000,000 |
11,153,465,000,000 |
620,878,000,000 |
|
2005 |
16,233,864,000,000 |
9,397,161,000,000 |
728,600,000,000 |
|
2004 |
14,063,203,000,000 |
7,886,192,000,000 |
846,298,000,000 |
(*) Figures are based
on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
270,000,000,000 |
|
Paid-Up Capital(KRW) |
260,000,000,000 |
|
Total Issues Shares |
26,000,000 |
|
Balance Sheet |
|||
|
Unit : Million Korean Won |
01/01/2015~03/31/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Total Assets |
18,437,015 |
18,733,675 |
21,623,179 |
|
Current Assets |
7,664,691 |
7,813,523 |
10,371,768 |
|
Cash & Cash Equivalents |
865,275 |
299,469 |
460,803 |
|
Trade Receivables |
2,731,618 |
2,585,009 |
3,107,744 |
|
Current Financial Instruments |
1,336,740 |
966,040 |
1,120,004 |
|
Inventories |
2,645,547 |
3,494,519 |
5,107,676 |
|
Other Current Assets |
85,511 |
468,486 |
575,541 |
|
Non-Current Assets |
10,772,324 |
10,920,152 |
11,251,411 |
|
Non-Current Financial Instruments |
296,923 |
334,963 |
377,390 |
|
Investment_Stocks |
252,778 |
252,778 |
247,863 |
|
Tangibles |
10,061,924 |
10,188,079 |
10,476,831 |
|
Investment_Real Estates |
58,805 |
58,970 |
62,863 |
|
Intangibles |
71,153 |
54,537 |
55,574 |
|
Membership |
30,741 |
30,825 |
30,890 |
|
Total Liabilities |
10,443,282 |
10,901,002 |
12,909,609 |
|
Current Liabilities |
5,363,315 |
5,469,530 |
7,027,650 |
|
Trade Payables |
1,613,536 |
2,102,480 |
3,181,324 |
|
Other Current Financial Debts |
3,575,416 |
3,270,943 |
3,647,519 |
|
Accrued Income Tax |
79,855 |
- |
65,334 |
|
Advance Receipts |
94,508 |
96,107 |
133,473 |
|
Non-Current Liabilities |
5,079,967 |
5,431,472 |
5,881,959 |
|
Other Non-Current Financial Debts |
4,849,646 |
5,173,947 |
5,512,219 |
|
Confirmed Salaries |
93,114 |
85,612 |
26,362 |
|
Deferred Income Tax Credit |
74,306 |
106,088 |
246,102 |
|
Other Non-Current Liabilities |
62,901 |
65,825 |
97,276 |
|
Capital Stock |
260,000 |
260,000 |
260,000 |
|
Capital Surplus |
66,261 |
66,261 |
66,261 |
|
Capital Adjustment |
-645 |
-645 |
-645 |
|
Others |
11,420 |
-3,284 |
18,179 |
|
Profit Surplus |
7,656,697 |
7,510,341 |
8,369,775 |
|
Total Equity |
7,993,733 |
7,832,673 |
8,713,570 |
|
Liab. & Shareholder’s Equity |
18,437,015 |
18,733,675 |
21,623,179 |
|
Income Statement |
|||
|
Unit : Million Korean Won |
01/01/2015~03/31/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Sales |
6,509,000 |
38,246,454 |
44,069,494 |
|
Cost
of Sold Goods |
-6,051,729 |
-37,975,508 |
-42,406,467 |
|
Selling
& Admin. Expenses |
-170,729 |
-782,583 |
-805,732 |
|
Operating
Income |
286,542 |
-511,637 |
857,295 |
|
Finance
Income |
258,854 |
1,181,129 |
1,202,654 |
|
Finance
Expenses |
-326,912 |
-1,524,545 |
-1,446,747 |
|
Other
Income |
83,179 |
497,328 |
189,422 |
|
Other
Expenses |
-107,081 |
-455,245 |
-296,674 |
|
Income
Before Taxes |
194,582 |
-812,970 |
505,950 |
|
Income
Taxes Expenses |
-48,018 |
129,357 |
-146,331 |
|
Net
Income |
146,564 |
-683,613 |
359,619 |
|
Cash Flows |
|||
|
Unit : Million Korean Won |
01/01/2015~03/31/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Cash Flows from Operating |
1,138,356 |
669,091 |
1,128,790 |
|
-Net Income |
146,564 |
-683,613 |
359,619 |
|
-Exp. without Cash Outflow |
88,304 |
1,217,374 |
1,101,793 |
|
-Revenue without Cash Inflows |
-100,112 |
-335,538 |
-181,868 |
|
-Changes in Asset/ & Liability |
1,003,600 |
470,868 |
-150,754 |
|
Cash Flows from Investing |
-358,719 |
-163,992 |
-290,117 |
|
-Cash Inflow from Investing |
27,348 |
375,012 |
300,693 |
|
-Cash Outflows for Investing |
-386,067 |
-539,004 |
-590,810 |
|
Cash Flows from Financing |
-213,831 |
-666,433 |
-875,133 |
|
-Cash Inflows from Financing |
- |
704,270 |
1,122,702 |
|
-Cash Outflows from Financing |
-213,831 |
-1,370,703 |
-1,997,835 |
|
Increase/Decrease in Cash |
565,806 |
-161,334 |
-36,460 |
|
Cash at the Beginning of Year |
299,469 |
460,803 |
497,263 |
|
Cash at the End of Year |
865,275 |
299,469 |
460,803 |
|
Main Products & Services |
Petroleum
Business The Subject Company
has crude oil refining facilities with a capacity of 650,000 barrels a day,
and provides a stable supply of oil products to the nation. With Residue
Fluid Catalytic Cracking Units designed to crack 90,000 barrels of bunker C
oil a day to produce high-valued products such as gasoline, kerosene, and
diesel, as well as advanced facilities such as those designed to desulfurize
190,000 barrels of kerosene and diesel a day, GS Caltex proactively responds
to the rapidly changing market environment. Additionally, The
Subject Company operate about 3,000 gas stations and about 300 gas filling
stations nationwide. In 1996 The Subject Company opened Korea's first gas
station-convenience store combined chain, JoyMart. Also, since 1994, The
Subject Company has been operating the light maintenance franchise chain,
AutoOasis. Petrochemicals
Business The Subject
Company vigorously advanced into the petrochemical industry, as the company
established plants within its Yeosu Plant Complex to produce polypropylene in
1988, and paraxylene and aromatics in 1990, respectively. The Subject
Company began its aromatics business with the construction of a plant to
produce 200,000 tons of paraxylene and 300,000 tons of aromatics a year in
April 1990. Investments in the business have continued in order to keep up
with rapidly changing market situations. In April 2003,
the Company completed the construction of its third paraxylene unit with a
production capacity of 350,000 tons by employing MTPX technology, an advanced
technology developed by Exxon-Mobil. The Company's total aromatics production
capacity is 2,200,000 tons including 1,200,000 tons of paraxylene, 770,000
tons of benzene annually. This is the world's largest aromatics plant as
single site. Also,
polypropylene business, the other part of petrochemical group, was launched
in 1988, with the introduction of the Dow Chemical Company's Unipol process
of fluidized bed-based vapor-phase polymerization, which allowed the
production and supply of the finest-quality polypropylene. The Subject
Company is now capable of producing 180,000 tons of polypropylene a year.
Since 2001, The Subject Company has been producing the entire volume of
propylene, the raw material for polypropylene, from the Residue Fluid
Catalytic Cracking (RFCC) Unit process. |
|
Main Products & Services |
LNG and City Gas
Business The Subject
Company is moving to become a total energy service provider by adding an
environmentally friendly LNG and city gas business to its traditional petroleum
and electric power businesses. To this end, The Subject Company is preparing
to construct an LNG Terminal and to conclude LNG import agreements to push
ahead with the business of directly importing LNG, as approved by the
Ministry of Commerce, Industry and Energy. Through these efforts, after 2008,
The Subject Company will supply LNG for own-use in oil refining utilities in
Yeosu Complex, and in generating electric power in GS Power and GS EPS. Also, The Subject
Company has taken over Haeyang City Gas Co., Ltd. and Seorabeol City Gas Co.,
Ltd. to secure a base for the LNG business, and have formed strategic
alliances with Kyungnam Energy Co., Ltd. and Kangnam City Gas Co., Ltd., thus
securing a stable demand. Alongside this, we are striving to maximize
synergies of the LNG business through the established GS EPS Co., Ltd. and GS
Power Co., Ltd. which use LNG as fuel. Electric Power
Business The Subject
Company is conducting business in the electric power sector as well as taking
steps towards its goal of becoming a total energy service provider through
diversification of its core energy business. In line with the government's
strategy to introduce and expand private power generation, GS EPS was
established as the first private power generation company in October 1996,
with the operation of a 500,000 kw LNG combined-cycle power plant. Additionally, GS
Power Co., Ltd., was established in September 2000, and took over and
continued operation of a 950,000 kw combined heat and power plant and
district heating facilities in the Anyang and Bucheon areas from KEPCO. Currently, The
Subject Company uses clean energy technology, LNG, to efficiently operate a
combined-cycle power plant with a total capacity of 1.45 million kw and
district heating supply facilities, which play a central role in supplying
electric power to the national capital region. The Subject
Company also operates stable and efficient district heating facilities to
supply an economic heating service to new towns in Anyang, Pyeongchon and
Bucheon. |
|
Main Products & Services |
Exploration and
Production The Subject
Company first entered into the exploration and production business in 2003 by
acquiring a 15% participating interest in the exploration and development
project of Cambodia Block A Area, located on the west coast of Cambodia. The Subject
Company and its partners, Chevron and Mitsui, discovered oil in five
exploration wells during the drilling campaign from October 2004 to February
2005. Oil pay logged in the wells ranges from 41 feet to 139 feet and the
analysis of samples indicates the oil is a medium gravity, 44 degree API
crude. New and Renewable
Energy The Subject
Company has been striving to New and Renewable Energy, including fuel cell technologies,
since 1989. Its Value Creation Center is developing fuel cell technologies in
conjunction with its subsidiary fuel cell specialist GS FuelCell co., Ltd,
established in November 2000. After three years
of research and development efforts, in April 2004 GS FuelCell developed a
high efficiency and compact polymer electrolyte membrane fuel cell(PEMFC) for
home(residential power generator) with a capacity of 1kW and using city gas
as fuel. Brand Name : Kixx PAO, Kixx
G-1, Kixx LUBO |
|
Production Capacity |
Refined Oil Products: 223,469 Thousand
Barrel Aromatic Products: 1,810 Thousand Ton PP Products: 169 Thousand Ton |
|
Technologies Acquired |
|
|
Suppliers |
CHEVRON
GLOBAL ENERGY INC. CHEVRON
U.S.A. INC. GS CALTEX
SINGAPORE PTE, LTD. KOC CO.,
LTD. 1/F WONDUCK
BLDG., 681-9, JAKJEON-DONG, GYEYANG-GU, INCHEON 407-060 KOREA TEL
82-32-505-2588 FAX 82-32-505-2586 INDUSTRY:
MANUFACTURE OF FILTERING OR PURIFYING MACHINERY FOR LIQUIDS OR OILS HYUNDAI
OILBANK CO., LTD. 640-6,
DAEJUK-RI, DAESAN-EUP, SEOSAN-SI, CHUNGNAM-DO 356-874 KOREA TEL:+82-2-2004-3000 FAX:+82-2-2004-3020 INDUSTRY:
PETROLEUM REFINERIES E1 CO., LTD. 13FL., ASEM
TOWER, 159-1, SAMSEONG 1-DONG, KANGNAM-GU, SEOUL 135-798 KOREA TEL:+82-2-3441-4114 FAX:+82-2-3441-4119 INDUSTRY:
WHOLESALE OF GASEOUS FUEL AND RELATED PRODUCTS KOREA
TELECOM POWERTEL CO., LTD. 19 FL. KT
INFORMATION CENTER, 924, MOK-DONG, YANGCHEON-GU, SEOUL 158-050 KOREA TEL:+82-2-2166-0130 FAX:+82-2-2062-2471 INDUSTRY:
MOBILE TELEPHONE SERVICES SEYANG
SHIPPING CO., LTD. 13TH FL.,
JANGGYO BLDG., 1, JANGGYO-DONG, JUNG-GU, SEOUL 100-220 KOREA TEL:+82-2-3706-6900 FAX:+82-2-3706-6997 INDUSTRY:
OCEANGOING FOREIGN FREIGHT TRANSPORT KAEL CO.,
LTD. 1690-2,
SINIL-DONG, DAEDEOK-GU, DAEJEON 306-230 KOREA TEL:+82-42-931-6287
FAX:+82-42-931-9190 INDUSTRY:
MANUFACTURE OF FILTERING OR PURIFYING MACHINERY FOR AIR OR GASES HANWHA
L&C CORP. 14TH FL.,
HANWHA BLDG., 1, JANGGYO-DONG, JUNG-GU, SEOUL 100-797 KOREA TEL:+82-2-729-1114 FAX:+82-2-729-1461 INDUSTRY:
MANUFACTURE OF WALL AND FLOOR COVERINGS OF PLASTICS |
|
Customers |
GS POWER
(134111-0074744) HAEYANG CITY
GAS. CO., LTD (200111-0004906) SAMYANG
INTERNATIONAL CO., LTD. SYNGENTA
KOREA LTD. 642,
SEOGAM-DONG, IKSAN-SI, JEONBUK-DO 570-330 KOREA TEL:+82-63-830-5800 FAX:+82-63-832-3677 INDUSTRY:
MANUFACTURE OF AGRICULTURAL CHEMICAL PRODUCTS PLUMB FAST
CO., LTD. 318,
JUNG-DONG, DONG-GU, DAEJEON 300-160 KOREA TEL:+82-41-865-9681 FAX:+82-41-865-9188 INDUSTRY:
MANUFACTURE OF PLASTIC BARS, PIPES, TUBES AND HOSES HANWHA
L&C CORP. 14TH FL.,
HANWHA BLDG., 1, JANGGYO-DONG, JUNG-GU, SEOUL 100-797 KOREA TEL:+82-2-729-1114 FAX:+82-2-729-1461 INDUSTRY:
MANUFACTURE OF WALL AND FLOOR COVERINGS OF PLASTICS |
|
Competitors |
S-OIL
CORPORATION 45TH FL., KOREA
LIFE INSURANCE 63 BLDG., 60, YEOEUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-3772-5151 FAX:+82-2-786-4030 SK ENERGY
CO., LTD. SK BLDG.,
99, SEORIN-DONG, JONGNO-GU, SEOUL, KOREA TEL:+82-2-2121-5114 FAX:+82-2-2121-7001 HYUNDAI
OILBANK CO., LTD. 640-6.
DAEJUK-RI, DAESAN-EUP, SEOSAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-660-5114 FAX:+82-41-660-5111 |
|
Affiliates-Domestic |
GS POWER (134111-0074744) HAEYANG CITY GAS. CO., LTD (200111-0004906) SEORABEOL CITY GAS CO.,LTD (171211-0024180) GS FUELCELL CO.LTD. (160111-0108202) GS RETAIL (110111-0090037) GS WATSONS CO., LTD.(110111-3136474) KOREA CABLE TV ULSAN STATION
(181211-0045481) GS TELESERVICE (110111-2618192) GS SPORTS.LTD (110111-3024330) HAMOO DEVELOMET CO., LTD (110111-0411142) XI SERVICE (110111-3141720) SAMYANG INT'L CO., LTD. (110111-0424848) BOHEUN DEVELOPMENT CO., LTD.
(110111-1557573) OKSAN DISTRIBUTION (110111-1426108) SM CO., LTD (110111-1308124) GS NEOTEK (110111-0166953) EZVILLE, INC. (110111-1934557) CENTRAL MOTORS CORP. (131111-0101912) SUNGSAN GROUP CORPORATION (110111-0110653) SUNGSAN LEISURE INC (141111-0022893) WINASSET CO., LTD.(110111-0720832) COSMO FINE CHEMICALS CO.,LTD.(110111-0531205) COSMO INDUSTRIAL CO.LTD (150111-0077722) SMARTRO CO.,LTD (110111-1536189) COSMO & COMPANY CO., LTD.
(110111-0298243) COSMO CORPORATION CO., LTD.(110111-2559354) LANDMARK ASIA, INC. (110111-2219411) COSMO LEPORTS CO., LTD.(110111-1883473) COSMOS NF CO., LTD.(110111-2431809) MARUMAN KOREA (131111-0093953) ESTECH ESTIMATE CORP.(110111-3253583) NEXTATION.CO.,LTD. (110111-2123571) UIJEONGBU LIGHT RAIL TRANSIT CO., LTD
(280111-0071743) STSLOGISTICS INC. (110111-1999197) GS EPS CO., LTD.(165011-0004621) KANGNAM CABLE SYSTEM INC. (110111-1009780) ITMEXSYI (110111-3451731) GLS SERVICE CORP. (110111-3532846) AMCO LTD.(110111-3593252) FRESH SERVE CO., LTD(110111-3646738) GCS PLUS CO., LTD.(140111-0033487) NURICELL CO., LTD.(110111-2089062) SEOUL MUNSAN EXPRESSWAY CO.,
LTD.(110111-3809344) ULSAN GREEN CO., LTD.(110111-3812636) BSM CO., LTD.(135511-0187118) CORONA(131411-0167645) DAUM ONKET(110111-3127209) GS NETVISION CO., LTD.(110111-3862897) GS PARK 24 CO., LTD.(110111-3413880) DONGBO INT.CO., LTD.(110111-2619752) GS ASSET MANAGEMENT CO.,
LTD.(110111-3934670) |
|
Affiliates-Overseas |
FRONTIER
NEMTWO CORPORATION MALAYSIA FRONTIER
WOKAM CORPORATION MALAYSIA ASIA CLEAN
ENERGY LIMITED MALAYSIA GS CALTEX
SINGAPORE PTE., LTD. SINGAPORE GS CALTEX
(LANGFANG) PLASTICS CO., LTD. CHINA GS CALTEX
(QINGDAO) ENERGY CO., LTD. CHINA GS CALTEX
(QINGDAO) PETROLEUM CO., LTD CHINA GS CALTEX
(JINAN) ENERGY CO., LTD. CHINA GS CALTEX
(YANTAI) ENERGY CO., LTD. CHINA GS CALTEX
INDIA PTE., LTD. INDIA GSC (SUZHOU)
PLASTICS CO., LTD. CHINA GSC CZECH
S.R.O. CZECH GS CALTEX
CHINA CO., LTD. CHINA GS CALTEX
TRADING (SUZHOU) CO., LTD. CHINA GS RETAIL
VIETNAM CO., LTD VIETNAM GS(SHANGHAI)
SANGMOO CO., LTD. CHINA GS GLOBAL
JAPAN CO., LTD. JAPAN GS GLOBAL AUSTRALIA
PTY LTD. AUSTRALIA GS GLOBAL
HONG KONG LTD. HONG KONG GS GLOBAL
EUROPE GMBH GERMANY SSANGYONG
RESOURCES PTY LTD. AUSTRALIA GS GLOBAL
GUANGZHOU CO.,LTD. CHINA GS GLOBAL
TRADING (SHANGHI) CO.,LTD. CHINA GS GLOBAL
USA, INC. USA GS GLOBAL
SINGAPORE PTE LTD. SINGAPORE PT GS GLOBAL
RESOURCE INDONESIA GS GLOBAL
(SUZHOU) STEEL SERVICE CENTER CO., LTD. CHINA MILL-PRO PTY
LIMITED AUSTRALIA GS E&C
NANJING CO.,LTD. CHINA GS NHA BE
DEVELOPMENTONE-MEMBER LLC VIETNAM GS SAIGON
DEVELOPMENTONE-MEMBER LLC VIETNAM GS E&C
INDIA PRIVATE LTD. INDIA GS
(CAMBODIA) DEVELOPMENT CO.,LTD. CAMBODIA GS
CONSTRUCTION ARABIA CO.,LTD. SAUDI
ARABIA GS
CONSTRUCTION SAUDI CO., LTD. SAUDI
ARABIA |
|
Affiliates-Overseas |
GS E&C
POLAND SP.ZO.O POLAND GS E&C
CONSTRUCTION CANADA LTD. CANADA GS E&C
THAI CO.,LTD. THAILAND GS E&C
PANAMA S.A. PANAM GS
ENGINEERING & CONSTRUCTION SPAIN, S.L. SPAIN GS INIMA
ENVIRONMENT S.A. SPAIN GS PP
DEVELOPMENT CO., LTD. CAMBODIA AGUAS DE
ENSENADA, S.A. DE C.V. MEXICO AMBIENT
SERVICOS AMBIENTAIS DE RIBEIRAO PRETO, S.A. BRAZIL AQUARIA
WATER LLC USA ARAUCARIA
SANEAMENTO, S.A. BRAZIL DESALINIZADORA
ARICA LTDA. CHILE GS INIMA
CHILE, S.A. CHILE GS INIMA
MEXICO, S.A. DE C.V. MEXICO GS INIMA USA
CONSTRUCTION CORPORATION USA GS INIMA USA
CORPORATION USA GS INIMA BRASIL
LTDA. BRAZIL PROMOAQUA
DESALACION DE LOS CABOS, S.A. DE C.V. MEXICO SANEAMENTO
DO VALE DO PARIBA, S.A. BRAZIL SERVICOS DE
SANEAMENTO DE MOGI MIRIM, S.A. BRAZIL TECNICAS Y
GESTION MEDIOAMBIENTAL, S.A. SPAIN TRACTAMENT
METROPOLITA DE FANGS, S.L. SPAIN CASINIMA -
EMPREITADA PONTE DA BAIA, A.C.E. PORTUGAL HIALEAH
WATER, LLP USA GSNEOTEK
VIETNAM CO.,LTD VIETNAM GS NEOTEK
L.L.C OAM GS
NEOTEK(CAMBODIA)CO.,LTD. CAMBODIA GSNEOTEK
THAILAND CO.,LTD THAILAND QINDAO
SAMYANG LEATHER CO., LTD. CHINA |
|
Affiliates-Overseas |
SY ENERGY PTE.LTD. SINGAPORE SYI INDIA PVT.LTD. INDIA FARWEST STEEL CO. USA WESTERN COATING INC USA FARWEST STEEL CONTRACTING INC. USA FARWEST STEEL REINFORCING CO. USA FARWEST STEEL FABRICATION CO. USA GS AROMATICS PTE. LTD SINGAPORE ACENOCEAN SINGAPORE QINGDAO LIDONG CHEMICAL CO., LTD. CHINA QINGDAO LIXING LOGISTICS CO., LTD. CHINA GS AROMATICS (QINGDAO) CHEMICAL. CO.,LTD. CHINA QINGDAO LIXING TANK TERMINAL CO., LTD. CHINA OCEAN GLORY PTE. LTD. SINGAPORE COSMO(KANGSHO)PIPE INDUSTRIES CO., LTD. CHINA COSMO VIETNAM CO.,LTD. VIETNAM COSMO GLOBAL(BEIJING) TRADING CO., LTD. CHINA SLEEP METHODS, INC. USA NATIONAL D&I RUSSIA COSMO & COMPANY, INC. USA COSMO & COMPANY CO., LTD. JAPAN COSMO NOBLE TOUR CO., LTD. JAPAN BOGNER ASIA LIMITED HONG KONG GS ENERGY AMERICAS INC. USA NEMAHA EXPLORATION AND PRODUCTION LLC USA GS ENERGY(JIANGIN) PLASTICS CO., LTD CHINA GS GLOBAL E&P (AMERICA) CORPORATION USA GS GLOBAL (NEMAHA) LLC USA GS TECHNICAL CONSULTING&SERVICE
(DEZHOU) CO.,LTD. CHINA LURODA LUBRICANTS (TIANJIN) CO., LTD. CHINA (40.0% held by the subject company) |
|
|
|
|
Joint Venture |
CAMBODIA BLOCK A (15.0% held by the subject company) WEST KAMCHATKA SHELF AREA (4.0% held by the subject company) THAILAND SHELF AREA (30% held by the subject company) |
|
Subsidiary |
GS MBIZ.CO.,LTD.(110111-2123571) (99.95% held by the subject company) INNOPOLYTECH CORPORATION (154311-0009826) (100.00% held by the subject company) GS GREENTECH CO.,LTD.(110111-1007023) (100.00% held by the subject company) AMCO LTD.(110111-3593252) (100.00% held by the subject company) SANGJI SHIPPING CO., LTD.(110111-1004243) (100.00% held by the subject company) GS ECOMETAL CO., LTD.(230111-0168657) (100.00% held by the subject company) GS BIO CO.,LTD.(110111-4303030) (100.00% held by the subject company) GS CALTEX SINGAPORE PTE., LTD. (100.00% held by the subject company) GS CALTEX (LANGFANG) PLASTICS CO., LTD. (100.00% held by the subject company) GS CALTEX (QINGDAO) ENERGY CO., LTD. (100.00% held by the subject company) GS CALTEX (QINGDAO) PETROLEUM CO., LTD. (100.00% held by the subject company) GS CALTEX (JINAN) ENERGY CO., LTD. (100.00% held by the subject company) GS CALTEX (YANTAI) ENERGY CO, LTD. (100.00% held by the subject company) GS CALTEX INDIA PTE., LTD. (100.00% held by the subject company) GSC (SUZHOU) PLASTICS CO., LTD. (100.00% held by the subject company) GSC CZECH S.R.O. (100.00% held by the subject company) GSC CHINA. CO., LTD. (100.00% held by the subject company) |
|
Corporate Ownership |
GS HOLDINGS CORP.(110111-3045112) GS ENERGY CORPORATION(110111-4765412) CHEVRON (OVERSEAS) HOLDINGS LTD. CHEVRON GLOBAL ENERGY INC. |
|
Major Shareholders |
GS HOLDINGS CORP.(110111-3045112) CHEVRON (OVERSEAS) HOLDINGS LTD. CHEVRON GLOBAL ENERGY INC. |
|
Cooperative Enterprise |
-Insured Company LIG INSURANCE CO., LTD.(110111-0017859) -Agreement for Procedure License with AXENS CD TECH TEXACO/HTAS STRATCO U.S.A. MONSANTO CHEVRON LUMMUS GLOBAL, LLC UOP/HTAS NIKKI-UNIVERSAL(UOP JAPAN) GTC INC. U.S.A EXXONMOBIL GTC INC. U.S.A |
|
Sales/ Unit :Mil KRW |
03/2012 |
2011 |
2010 |
|
Export |
7,677,787 |
30,200,031 |
19,715,229 |
|
Domestic |
7,677,787 |
17,746,231 |
15,600,548 |
|
Total |
12,448,583 |
47,946,262 |
35,315,777 |
The Subject deals with the companies in USA, China, Oman, Saudi Arabia
and Indonesia.
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
Seoul High Court |
The Subject Company |
Defense Acquisition Program Administration(DAPA) |
Receivables |
39,606,000,000 |
Proceeding |
------------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.89 |
|
|
1 |
Rs.98.90 |
|
Euro |
1 |
Rs.72.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.