|
Report No. : |
328264 |
|
Report Date : |
18.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
CJ HEALTHCARE CORPORATION |
|
|
|
|
Registered Office : |
330, Dongho-ro, Jung-gu, Seoul, 11th Fl., CJ Cheiljedang Center, Korea 100-400 |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
01.04.2014 |
|
|
|
|
Com. Reg. No.: |
201-86-38914 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
· Manufacture of Finished Medicaments · Manufacture of Other Non-Alcoholic Beverages |
|
|
|
|
No. of Employees : |
1,156 |
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 : |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
CJ HEALTHCARE CORPORATION |
|
Registered Address |
330, Dongho-ro, Jung-gu, Seoul, Korea |
|
Building |
11th Fl., CJ Cheiljedang Center |
|
Zip Code |
100-400 |
|
Tel |
+82-2-6740-1114 |
|
Fax |
+82-2-6740-2491 |
|
E-mail |
leeseungnho@cj.net |
|
Website |
www.cjp.co.kr |
|
Trading Address |
11th Fl., CJ Cheiljedang Center, 330,
Dongho-ro, Jung-gu, Seoul, Korea (Old Address System : 11th Fl., CJ
Cheiljedang Center, 292, Ssangnim-dong, Jung-gu, Seoul, Korea) |
|
Tel |
+82-2-6740-2101 |
|
Fax |
+82-2-6740-2491 |
|
Other Address-Factory |
20,
Daesosandan-ro, Daeso-myeon, Eumseong-gun, Chungcheongbuk-do, Korea |
|
Tel |
+82-43-530-7114 |
|
Fax |
+82-43-530-7119 |
|
Other Address-Factory |
239,
Osongsaengmyeong 2-ro, Osong-eup, Cheongwon-gun, Chungcheongbuk-do, Korea |
|
Tel |
+82-43-249-8770 |
|
Fax |
+82-43-239-3131 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Finished Medicaments |
|
Main Business |
Non-Alcoholic Beverages |
|
Sub
Business |
Manufacture of Other Non-Alcoholic Beverages |
|
Established (mm/dd/yyyy) |
04/01/2014 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Non-Alcoholic Beverages |
|
Name |
Kim Chul-Ha |
|
Address |
Suite C-1010, 188, Seochojungang-ro,
Seocho-gu, Seoul, Korea |
|
Date of Birth |
01/07/1952 |
|
Title |
Co-President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
5,000,000,000 |
|||||||||
|
Employees |
1,156 |
|||||||||
|
Formation |
Co., Ltd by Shares A Company of CJ Group |
|||||||||
|
Bank Details |
Woori Bank-Namsan Branch Kookmin Bank |
|||||||||
|
Corporate Registered No. |
110111-5379692 |
|||||||||
|
Business Registered No. |
201-86-38914 |
|||||||||
|
Permit & Licenses |
N/A |
|||||||||
|
Shareholder Position |
|
|||||||||
|
Company History |
04/01/2014 Incorporated as the present name
after split off from CJ CHEILJEDANG CORP.(110111-3748253) |
|||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Co-President & CEO |
Mr. |
Kim Chul-Ha |
Male |
Korean |
04/01/2014 |
|
Co-President & CEO |
Mr. |
Kwak Dal-Won |
Male |
Korean |
04/01/2014 |
|
Director |
Mr. |
Choi Do-Sung |
Male |
Korean |
03/20/2015 |
|
Director |
Mr. |
Park Jung-Won |
Male |
Korean |
04/01/2014 |
|
Auditor |
Mr. |
Lim Sang-Yeob |
Male |
Korean |
04/01/2014 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2014 |
329,869,537,549 |
451,293,077,701 |
27,875,591,811 |
|
Authorized Capital(KRW) |
250,000,000,000 |
|
Paid-Up Capital(KRW) |
5,000,000,000 |
|
Total Issued Shares |
1,000,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total
Assets |
451,293,077,701 |
|
|
|
Current Assets |
196,698,335,085 |
|
|
|
Cash
& Cash Equivalents |
30,901,863,841 |
|
|
|
Short-Term
Receivables |
41,813,587,591 |
|
|
|
Trade
Receivables |
62,347,946,812 |
|
|
|
Current
Financial Instruments |
3,311,482,007 |
|
|
|
Other
Current Assets |
3,573,661,349 |
|
|
|
Inventories |
54,749,793,485 |
|
|
|
Non-Current Assets |
254,594,742,616 |
|
|
|
Long-Term
Financial Assets |
9,000,000 |
|
|
|
Marketable
Financial Instruments |
1,000,017,800 |
|
|
|
Investment_Real
Estates |
7,124,757,020 |
|
|
|
Tangibles |
206,983,670,247 |
|
|
|
Intangibles |
35,367,759,964 |
|
|
|
Non-Current
Financial Instruments |
2,896,005,922 |
|
|
|
Other
Non-Current Assets |
588,589,319 |
|
|
|
Deferred
Income Tax Assets |
624,942,344 |
|
|
|
Total Liabilities |
177,791,533,331 |
|
|
|
Current Liabilities |
75,203,768,239 |
|
|
|
Trade
Payables |
21,882,601,321 |
|
|
|
Short-Term
Borrowings |
2,306,183,779 |
|
|
|
Accrued
Income Tax |
3,760,927,702 |
|
|
|
Current
Portion of Provisions |
154,527,296 |
|
|
|
Other
Current Financial Debts |
40,908,027,077 |
|
|
|
Other
Current Liabilities |
6,191,501,064 |
|
|
|
Non-Current Liabilities |
102,587,765,092 |
|
|
|
Long-Term
Borrowings |
99,899,476,364 |
|
|
|
Provision
for Severance & Retirement |
2,592,073,759 |
|
|
|
Other
Non-Current Financial Debts |
96,214,969 |
|
|
|
Capital Stock |
5,000,000,000 |
|
|
|
Capital
Surplus |
241,923,941,020 |
|
|
|
Profit
Surplus |
26,577,603,350 |
|
|
|
Total
Equity |
273,501,544,370 |
|
|
|
Liab.
& Shareholder’s Equity |
451,293,077,701 |
|
|
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
329,869,537,549 |
|
|
|
Cost
of Sold Goods |
-153,515,062,906 |
|
|
|
Gross
Profit |
176,354,474,643 |
|
|
|
Selling
& Admin. Expenses |
-137,290,560,105 |
|
|
|
Operating
Income |
39,063,914,538 |
|
|
|
Other
Income |
409,061,984 |
|
|
|
Other
Expenses |
-3,982,152,839 |
|
|
|
Finance
Income |
1,850,272,513 |
|
|
|
Finance
Expenses |
-3,216,622,710 |
|
|
|
Income
Before Taxes |
34,124,473,486 |
|
|
|
Income
Taxes Expenses |
-6,248,881,675 |
|
|
|
Net
Income |
27,875,591,811 |
|
|
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Operating Activities Cash Flows |
72,863,315,881 |
|
|
|
Cash
Flows from Operating |
75,785,540,997 |
|
|
|
Income
Taxes |
-2,922,225,116 |
|
|
|
Cash
Flows from Investing |
-53,705,085,171 |
|
|
|
Cash
Flows from Financing |
-18,256,366,869 |
|
|
|
Increase/Decrease
in Cash |
901,863,841 |
|
|
|
Cash
at the Beginning of Year |
30,000,000,000 |
|
|
|
Cash
at the End of Year |
30,901,863,841 |
|
|
|
Main Products & Services |
Non-Alcoholic Beverages, Pahrmaceuticals |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Affiliates-Domestic |
CJ CORP.(110111-0015639) CJ CHEILJEDANG CORPORATION(110111-3748253) CJ CGV CO., LTD.(110111-1673220) SAMHO F&G INC.(110111-0215578) CJ HOME SHOPPING CO., LTD.(110111-1109134) CJ FRESHWAY CORPORATION(180111-0083442) CJ INTERNET CORP.(110111-0330962) M-NET MEDIA CORP.(110111-1051814) CJ DEVELOPMENT CO., LTD.(110111-0699079) CJ SYSTEMS CO., LTD(110111-1138498) CJ MEDIA INC.(110111-0972772) CJ GLS(174811-0001141) CJ VENTURE INVESTMENT CO.,
LTD.(110111-1882459) CJ FOODVILLE CORP.(161511-0036967) CJ HELLOVISION CO., LTD.(110111-1144297) JOY RENT A CAR(110111-1235674) CJ TELENIX CO., LTD.(110111-2146888) CJ MD1 CORP.(110111-2593758) SAM YANG OIL CO., LTD.(110111-0224298) CJ OLIVEYOUNG CO., LTD.(110111-2641565) CJ HELLOVISION HAEUNDAEGIJANG BROADCASTING
CO., LTD(180111-0153576) SHINDONGBANG CP CORPORATION(110111-0068555) CJ JOYCUBE CO., LTD.(110111-1453953) CJ POWERCAST INC.(131111-0107572) CJ TVN CO., LTD.(110111-2949373) CJNGCK KOREA(110111-2950982) ART SERVICE(110111-2356429) PRIMUS CINEMA(110111-2587090) SUPER FEED CO., LTD.(141211-0031313) DONDON FAR CO., LTD.(134511-0083185) SC LOGIS CO., LTD.(110111-1960362) CJ IG CO., LTD.(110111-3157199) JS COMMUNICATIONS(110111-3269043) ANIPARK CO., LTD.(110111-1896286) GAMEALLO CO., LTD(110111-2098063) |
|
Affiliates-Domestic |
CHAMP VISION
INC.(110111-3167081) CJ SPORTS
CO., LTD.(110111-3338947) CJ N CITY
CO., LTD.(110111-3350016) CJ
ENTERTAINMENT INC.(110111-1445231) GOOD CONCERT
CO., LTD.(110111-1985013) CJ
HELLOVISION DREAMCITY BROADCASTING CO., LTD(121111-0057331) DREAM
NETWORKS CO., LTD.(121111-0108639) TRAUM
HOUSING CO., LTD.(134111-0143309) C&I
LEISURE INDUSTRY CORP.(110111-3477969) SUN
TV(110111-3175183) CJ HELLOVISION
YOUNGNAM BROADCASTING CO., LTD.(171111-0004986) CJ MOOTER
INC.(110111-3538175) BROADBAND
SOLUTIONS, INC.(110111-2165177) HASUNJUNG
GENERAL FOOD CO., LTD.(110111-0239833) CHUNGNAM
CABLE TV BROADCASTING CORPORATION(165011-0005273) KM
TV(134111-0122816) CJ STORY HUB
CULTURE INDUSTRY LTD.(110114-0067676) CLIP SERVICE
INC.(110111-1908693) CJ
HELLOVISION JOONG-ANG BROADCASTING CO., LTD(180111-0031566) CJ CABLENET
GEUM-JEONG CO., LTD(180111-0371558) GAGUM YUSUN
BROADECASTING CO., LTD.(180111-0298786) KOREAN CABLE
TV MODOO BROADCASTING CO., LTD.(161111-0007841) E&C
INFRA CO., LTD.(110111-3815193) HWASUNG
BONGDAM PFV(110111-3825241) D-CINEMA
KOREA(110111-3837501) CJ WORLDIS
CO., LTD.(110111-3870527) SEJUNG DMS
CO., LTD.(110111-1596117) INTERNATIONAL
MEDIA GENIUS CO., LTD.(110111-3008673) |
|
Affiliates-Overseas |
CJ AMERICA, INC. CJ BAKERY, INC. CJ PACIFIC CORP. LEE ENTERTAINMENT L.L.C. CJ EUROPE GMBH CJ ORD RIVER SUGAR PTY, LTD. PT.C.J. INDONESIA PT.C.J. SUPERFEED PT. SUPERUNGGAS JAYA PT. CJ FEED JOMBANG CJ PHILIPPINES, INC. CJ DONDON FARM CO., INC CJ VINA AGRI CO., LTD. CJ CHINA, LTD. CJ QINGDAO FOODS CO., LTD. CJ BEIJING BEVERAGE & FOODS CO., LTD. CJ CHENGDU FEED CO., LTD. CJ JAPAN CORP., CJ SHENYANG FEED CO., LTD CJ QINGDAO FEED CO., LTD. CJ LIAOCHENG BIOTECH CO., LTD. CJ GUIYANG FEED CO., LTD. CJ ZHENGZHOU FEED CO., LTD CJ NANJING FEED CO., LTD. CJ TUR YEM VE T.A.S. CJ BEIJING BAKERY CO., LTD. CJ TIANJIN FEED CO., LTD. CJ HARBIN FEED CO., LTD. CJ INTERNET, INC. CJ ENTERTAINMENT AMERICA L.L.C. CJ INTERNET JAPAN CORP. CJ DO BRASIL LTDA. CJ MEDIA JAPAN CO., LTD. ANNIE CHUN'S, CJ(QINGDAO) GLS INC. CJ FOOD SERVICE CO. LTD. CJ GLS ASIA PTE.LTD. LIAOCHENG LANTIAN COGENERATION PLANT CO.,
LTD. SHANGHAI SHANGYING CGV CINEMA CO., LTD. |
|
Overseas Office |
CJ EUROPE
GMBH OBER DER
ROETH 465824 SCHWALBACH, GERMANY TEL:+49-6196-590128
FAX:+49-6196-45418 CJ JAPAN
CORP 8F, CJ BLDG,
2-7-4, NISHISHINBASHI, MINATO-KU, TOKYO, 105-0003, JAPAN TEL:+81-3-3519-3452
FAX:+81-3-3580-1055 CHINA OFFICE P.C 100016 /
TEL: 86-10-5639-6053 VIETNAM
OFFICE S18, 22F,
STC BLDG, 37 TONDUC THANG ST. DIST.1, HCMC, VIETNAM TEL:+84-8-3911-0458 |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
|
|
Corporate Ownership |
CJ CHEILJEDANG CORP.(110111-3748253) |
|
Major Shareholders |
CJ CHEILJEDANG CORP.(110111-3748253) |
|
Cooperative Enterprise |
|
The Subject deals
with the companies in Japan, USA and Europe.
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
|
The Subject Company(3 Cases) |
- |
|
200,000,000 |
Proceeding |
|
|
|
- |
The Subject Company(3 Cases) |
|
257,000,000 |
Proceeding |
------------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.11 |
|
|
1 |
Rs.100.32 |
|
Euro |
1 |
Rs.72.17 |
INFORMATION DETAILS
|
Analysis Done by
: |
SAN |
|
|
|
|
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.