|
Report No. : |
343575 |
|
Report Date : |
06.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
LOTTE CHEMICAL CORPORATION |
|
|
|
|
Registered Office : |
51, Boramae-Ro 5-Gil, Dongjak-Gu, Seoul, 11th Fl., Lotte Gwanak Tower, Korea 07071 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.06.2015 |
|
|
|
|
Date of Incorporation : |
16.03.1976 |
|
|
|
|
Com. Reg. No.: |
118-81-15012 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Basic Organic Petrochemicals. (High Density Polyethylene (HDPE), Polypropylene (PP), Polyethylene
Terephthalate (PET), Ethylene Glycol, Methyl Methacrylate (MMA), Styrene Monomer,
Mono Ethylene Glycol, Butadiene, BTX Product, Benzene, Toluene, Xylene, PE,
PP, Compounded Polymer) |
|
|
|
|
No. of Employees : |
2,717 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
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 |
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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. 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 slow growth due to sluggish domestic consumption and investment.
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. In an effort to address the long term challenges and sustain economic
growth, the current government has prioritized structural reforms,
deregulation, promotion of entrepreneurship and creative industries, and the
competitiveness of small and medium enterprises.
|
Source
: CIA |
|
Company Name |
LOTTE CHEMICAL CORPORATION (Ex. Company
Name : HONAM PETROCHEMICAL CORPORATION) |
|
Registered Address |
51, Boramae-ro 5-gil, Dongjak-gu, Seoul,
Korea |
|
Building |
11th Fl., Lotte Gwanak Tower |
|
Zip Code |
07071 |
|
Tel |
+82-2-829-4114 |
|
Fax |
+82-2-843-1010 |
|
E-mail |
Kilee@hpc.co.kr;bonsoo@hpc.co.kr;tora@hpc.co.kr;
jiman@lottelpc.com;skchung@lottelpc.com |
|
Website |
www.lottechem.com |
|
Trading Address |
11th Fl., Lotte Gwanak Tower, 51,
Boramae-ro 5-gil, Dongjak-gu, Seoul, Korea (Old Address System : 11th Fl., Lotte
Gwanak Tower, 395-67, Sindaebang 2-dong, Dongjak-gu, Seoul, Korea) |
|
Tel |
+82-2-829-4114 |
|
Fax |
+82-2-843-1010 |
|
Other Address-Yeosu Factory |
172, Jungheung-dong, Yeosu-si,
Jeollanam-do, Korea |
|
Tel |
+82-61-688-2114 |
|
Fax |
+82-61-688-2460 |
|
Other Address-Yeosu II Factory |
1-2, Wolha-dong, Yeosu-si, Jeollanam-do, Korea |
|
Tel |
+82-61-688-2114 |
|
Fax |
|
|
Other Address-Daesan Factory |
634, Dokgot-ri, Daesan-eup, Seosan-si, Chungcheongnam-do, Korea |
|
Tel |
+82-41-689-5114 |
|
Fax |
+82-41-689-5118 |
|
Other Address-Research Lab. |
24-1, Jang-dong, Yuseong-gu, Daejeon,
Korea |
|
Tel |
+82-42-861-6161 |
|
Fax |
|
|
Other Address-Daejeon Branch |
32, Hongdo-dong, Dong-gu, Daejeon, Korea |
|
Tel |
+82-42-635-2961 |
|
Fax |
|
|
Other Address-Busan Office |
394-8, Samnak-dong, Sasang-gu, Busan,
Korea |
|
Tel |
+82-51-301-5846 |
|
Fax |
+82-51-301-5880 |
|
Other Address-Daegu Branch |
3rd Fl., National Pension Corporation Daegu Bldg., 1198-5, Igok
2-dong, Dalseo-gu, Daegu, Korea |
|
Tel |
+82-53-593-7104 |
|
Fax |
+82-53-593-7108 |
|
Other Address-Gwangju Office |
Rm. 501, Dongsin Bldg., 150, Unam 2-dong, Buk-gu, Gwangju, Korea |
|
Tel |
+82-62-524-7870 |
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Manufacture of Basic Organic Petrochemicals |
|
Main Business |
High Density Polyethylene(HDPE), Polypropylene(PP), Polyethylene
Terephthalate(PET), Ethylene Glycol, Methyl Methacrylate(MMA), Styrene
Monomer, Mono Ethylene Glycol, Butadiene,BTX Product, Benzene, Toluene,
Xylene, PE, PP, Compounded Polymer |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
03/16/1976 |
The Subject owns
the premises of Yeosu Factory(1,190,377㎡).
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Polyethylene Terepthalate PET(13102020) |
|
Sell |
Polypropylene resin(13111019) |
|
Sell |
Resins(13111000) |
|
Sell |
Chemistry reagents or solutions(41116105) |
|
Sell |
High Density Polyethylene HDPE(13102017) |
|
Sell |
Organic derivatives and substituted compounds(12352100) |
|
Sell |
Tea bags(50201713) |
|
Sell |
Laminated papers(14121700) |
|
Sell |
Inorganic compounds(12352300) |
|
Sell |
Alcohols or its substitutes(12352104) |
|
Name |
Shin Dong-Bin |
|
Address |
|
|
Date of Birth |
02/14/1995 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
171,377,095,000 |
||||||||||||||||||||||||
|
Employees |
2,717 |
||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 011170 ) as of 05/30/1991 Foreign Direct Investment Corporation A Company of LOTTE GROUP |
||||||||||||||||||||||||
|
Bank Details |
Nonghyup Bank Woori Bank-Boramae Branch Industrial Bank of Korea |
||||||||||||||||||||||||
|
Corporate Registered No. |
110111-0193196 |
||||||||||||||||||||||||
|
Business Registered No. |
118-81-15012 |
||||||||||||||||||||||||
|
Permit & Licenses |
08/01/1995 ISO 9001 12/1995 ISO 14001 Int’l Trade No.: 789015 |
||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||
|
Company History |
03/16/1976 Incorporated as the present name 04/1976 Imported technologies from Mitsui Petrochemical,
Mitsui Toatsu Chemical and UK Shell Development 03/1979 Construction of PP, PE, EOG and UC
plants 03/1979 Construction of PP, PE, EOG and UC
plants 06/1979 Privatization of domestic shares
(Lotte) 06/1979 Privatization of domestic shares (Lotte)
12/1979 Commercial production of HDPE, PP,
and EOG 12/1979 Commercial production of HDPE, PP,
and EOG 09/1984 Construction of Compound Resin
Factory (Gradual expansion) 06/1986 Launche of research institute 04/1988 Construction of the 2nd HDPE plant 11/1988 Construction of the 2nd PP plant 01/1991 Moved labs to Daeduk R&D
complex 05/1991 Construction of the 2nd EOG plant 04/1992 Launched operation of Naphtha
Cracking Center and BTX plant 08/1995 Attained ISO 9001 (Quality system)
certificate 11/1996 Attained ISO 14001 (Environmental
system) model certificate 01/1997 Designated as KOLAS nationally
authorized laboratory and attained UN MARK from Korean Register of Shipping 06/1997 Expansion of the 3rd EOG plant 05/1998 Launched operation of PET plant 06/1999 Expansion of the 3rd HDPE plant 02/2000 Launched operation of EOA plant 06/2001 Launched operation of MMA plant 11/2001 Completed revamping of Naphtha
Cracking Center and BTX plant, expansion of the 3rd PP plant 05/2003 Completed steam supply and power
plant, 3AS plant, Formed LG Chemical & HPC Consortium 06/2003 Acquired Hyundai Petrochemical 2nd
Complex 01/2004 Implemented ERP 11/2004 Acquired KP Chemical 12/2005 Honam petrochemical corp. entered into
a contract on introducing polycarbonate manufacturing technologies with
Asahi-Kasei, Japan. 01/2006 Honam petrochemical corp. entered
into a MOU on establishing MMA,PMMA joint venture with Mitsubishi Rayon,
Japan. 01/2006 Acquired Jiaxing Honam Engineering
Plastic Co,Ltd 06/2008 PC Plant Will be Completed. 01/05/2009 Acquired LOTTE DAESAN
PETROCHEMICAL CORPORATION (161411-0014684) 12/27/2012 Merged with KP CHEMICAL
CORP(230111-0082112) 12/27/2012 Changed company name to the
present name |
||||||||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Shin Dong-Bin |
Korean |
1955.02.14 |
MBA, Columbia University, Director of LOTTE
CO., LTD.(Japan) |
|
President & CEO |
Mr. |
Hur Soo-Young |
Korean |
1951.06.07 |
Seoul National University, President of
LOTTE DAESAN PETROCHEMICAL CORPORATION(161411-0014684) |
|
Sr. Executive Director |
Mr. |
Ahn Ju-Seok |
Korean |
1955.03 |
- |
|
Outside Director & Auditor |
Mr. |
Jung Dong-Ki |
Korean |
1953.08 |
- |
|
Outside Director & Auditor |
Mr. |
Park Seok-Hwan |
Korean |
1955.10 |
- |
|
Outside Director & Auditor |
Mr. |
Lim Ji-Taik |
Korean |
1953.12 |
- |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
4,386,028,422,325 |
10,396,226,427,313 |
577,975,995,099 |
|
|
(*)2014 |
11,194,207,055,691 |
9,643,421,503,835 |
225,561,335,282 |
|
(*)2013 |
12,273,440,415,644 |
9,835,072,163,803 |
338,810,946,026 |
|
(*)2012 |
9,095,887,163,330 |
9,500,149,213,114 |
343,035,975,098 |
|
(*)2011 |
8,463,484,252,787 |
8,279,107,535,291 |
748,633,827,649 |
|
(*)2010 |
7,189,058,848,259 |
6,894,490,327,752 |
686,875,043,330 |
|
2009 |
5,969,758,436,345 |
5,677,438,913,166 |
796,701,068,020 |
|
2008 |
3,098,210,282,676 |
3,550,957,330,652 |
-45,284,006,833 |
|
2007 |
2,255,268,363,372 |
3,587,375,456,169 |
463,359,940,843 |
|
2006 |
2,181,315,418,229 |
2,997,624,545,038 |
381,592,272,590 |
|
2005 |
2,112,793,648,507 |
2,791,475,554,945 |
511,431,593,224 |
|
2004 |
1,952,094,050,240 |
2,318,300,810,683 |
535,258,456,479 |
|
2003 |
1,460,335,438,818 |
1,690,406,350,363 |
210,663,325,711 |
(*)Figures are based
on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
500,000,000,000 |
|
Paid-Up Capital(KRW) |
171,377,095,000 |
|
Total Issued Shares |
34,275,419 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
01/01/2015~06/30/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Total Assets |
10,396,226,427,313 |
9,643,421,503,835 |
9,835,072,163,803 |
|
Current
Assets |
4,131,274,445,192 |
3,353,937,310,329 |
3,441,165,595,306 |
|
Cash & Cash Equivalents |
540,150,501,378 |
428,191,958,545 |
870,246,197,877 |
|
Current Financial Instruments |
1,646,080,843,648 |
738,099,058,872 |
301,493,041,351 |
|
Marketable Financial Instruments |
557,235,000 |
348,875,000 |
312,590,000 |
|
Trade Receivables & Other
Receivables |
1,044,162,328,539 |
1,063,925,771,615 |
1,235,340,760,572 |
|
Inventories |
791,579,625,993 |
966,454,843,373 |
1,016,480,402,694 |
|
Finance Lease Receivables |
297,322,429 |
297,322,429 |
297,322,429 |
|
Current Financial Instruments |
11,852,745,495 |
8,736,600,309 |
4,018,373,864 |
|
Current Non-Financial Instruments |
96,593,842,710 |
147,882,880,186 |
12,976,906,519 |
|
Non-Current
Assets |
6,264,951,982,121 |
6,289,484,193,506 |
6,393,906,568,497 |
|
Non-Current Financial Instruments |
50,509,500,000 |
50,512,000,000 |
50,513,500,000 |
|
Marketable Financial Instruments |
179,356,125,909 |
167,356,241,673 |
105,018,039,642 |
|
Finance Lease Receivables |
4,912,255,639 |
5,012,249,876 |
5,208,404,997 |
|
Investment_Subsidiaries |
3,430,553,456,096 |
3,371,832,836,096 |
3,330,512,490,005 |
|
Tangibles |
2,486,495,382,220 |
2,584,265,462,320 |
2,789,495,182,151 |
|
Investment_Real Estates |
84,093,550,569 |
84,039,485,050 |
85,219,492,337 |
|
Intangibles |
16,843,144,291 |
13,405,359,430 |
13,156,788,168 |
|
Non-Current Financial Instruments |
11,189,327,397 |
11,088,479,061 |
10,917,711,197 |
|
Non-Current Non-Financial
Instruments |
999,240,000 |
1,972,080,000 |
3,864,960,000 |
|
Total
Liabilities |
3,215,744,649,805 |
3,024,025,882,579 |
3,400,150,291,861 |
|
Current
Liabilities |
1,864,465,578,436 |
1,534,307,825,987 |
2,066,343,586,459 |
|
Trade Payables & Other
Payables |
526,247,060,665 |
457,015,335,237 |
940,348,652,071 |
|
Short-Term Borrowings |
1,060,805,916,508 |
929,686,006,679 |
1,024,001,661,498 |
|
Accrued Income Tax |
180,670,038,754 |
48,314,617,255 |
57,752,038,620 |
|
Other Current Financial Debts |
46,912,865,406 |
40,726,145,736 |
13,409,128,063 |
|
Other Current Non-Financial Debts |
49,829,697,103 |
58,565,721,080 |
30,832,106,207 |
|
Non-Current
Liabilities |
1,351,279,071,369 |
1,489,718,056,592 |
1,333,806,705,402 |
|
Long-Term Borrowings |
1,119,541,711,967 |
1,252,395,528,837 |
1,048,390,639,721 |
|
Confirmed Salaries |
31,546,905,327 |
20,653,605,663 |
15,284,509,975 |
|
Deferred Income Tax Credit |
184,506,968,000 |
186,750,047,535 |
178,797,875,247 |
|
Other Non-Current Financial Debts |
12,222,512,437 |
26,064,100,154 |
87,900,485,122 |
|
Other Non-Current Non-Financial
Debts |
3,460,973,638 |
3,854,774,403 |
3,433,195,337 |
|
Capital
Stock |
171,377,095,000 |
171,377,095,000 |
171,377,095,000 |
|
Capital
Surplus |
771,055,831,115 |
771,055,831,115 |
771,055,831,115 |
|
Profit Surplus |
6,225,017,810,677 |
5,681,629,701,321 |
5,493,496,632,733 |
|
Others |
13,031,040,716 |
-4,667,006,180 |
-1,007,686,906 |
|
Total Equity |
7,180,481,777,508 |
6,619,395,621,256 |
6,434,921,871,942 |
|
Liab. & Shareholder’s Equity |
10,396,226,427,313 |
9,643,421,503,835 |
9,835,072,163,803 |
|
Income Statement |
|||
|
Unit : Korean Won |
01/01/2015~06/30/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Sales |
4,386,028,422,325 |
11,194,207,055,691 |
12,273,440,415,644 |
|
Cost of Sold Goods |
3,516,897,126,942 |
10,486,160,673,662 |
11,459,615,658,202 |
|
Gross Profit |
869,131,295,383 |
708,046,382,029 |
813,824,757,442 |
|
Selling & Admin. Expenses |
166,375,176,270 |
333,669,034,018 |
310,614,721,346 |
|
Operating Income |
702,756,119,113 |
374,377,348,011 |
503,210,036,096 |
|
Finance Income |
40,886,270,217 |
115,676,297,275 |
80,918,655,721 |
|
Finance Expenses |
67,200,168,138 |
159,204,318,035 |
120,368,714,734 |
|
Other Non-Operating Income |
77,583,756,674 |
-17,857,658,634 |
-35,874,793,706 |
|
Income Before Taxes |
754,025,977,866 |
312,991,668,617 |
427,885,183,377 |
|
Income Taxes Expenses |
176,049,982,767 |
87,430,333,335 |
89,074,237,351 |
|
Net Income |
577,975,995,099 |
225,561,335,282 |
338,810,946,026 |
|
Cash Flows |
|||
|
Unit : Korean Won |
01/01/2015~06/30/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Cash Flows from Operating |
1,172,697,218,812 |
254,436,484,408 |
249,383,805,306 |
|
Net Income |
577,975,995,099 |
225,561,335,282 |
338,810,946,026 |
|
Adjustment |
646,023,152,777 |
110,685,100,216 |
-6,277,897,801 |
|
Income Taxes |
-51,301,929,064 |
-81,809,951,090 |
-83,149,242,919 |
|
Cash Flows from Investing |
-979,614,627,728 |
-686,007,840,154 |
-405,671,790,420 |
|
Cash Flows from Financing |
-82,514,450,383 |
-9,950,717,962 |
380,890,936,578 |
|
Increase/Decrease in Cash |
110,568,140,701 |
-441,522,073,708 |
224,602,951,464 |
|
Cash at the Beginning of Year |
428,191,958,545 |
870,246,197,877 |
648,543,812,324 |
|
Cash at the End of Year |
540,150,501,378 |
428,191,958,545 |
870,246,197,877 |
|
Main Products & Services |
PE: Polyethylene -High Density Polyethylene(HDPE) -Low Density Polyethylene(LDPE) -Linear Low Density Polyethylene(LLDPE) -Ethylene Vinyl Acetate Copolymer(EVA) PP: Polypropylene PET: Polyethylene Terephthalate BTX(Aromatic Compounds) -Benzene -Toluene -Xylene Ethylene Oxide /Ethylene Glycol(EO/EG) -HPEO(High PressureEthylene Oxide) -MEG(Mono Ethylene Glycol) -DEG(Di Ethylene Glycol) -TEG(Tri Ethylene Glycol) MMA(Methyl Methacrylate) |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
GS-CALTEX CORPORATION(110111-0078819) ADNOC CHEVRON ITOCHU MARUBENI EXXON |
|
Customers |
KP CHEMICAL CORP.(230111-0082112) LOTTE DAESAN PETROCHEMICAL CORPORATION(161411-0014684) |
|
Competitors |
KOREA PETRO CHEMICAL IND CO.,
LTD.(110111-0024698) SAMSUNG TOTAL PETROCHEMICALS CO.,
LTD.(161411-0013066) LG CHEM LTD.(110111-2207995) |
|
Affiliates-Domestic |
LOTTE SAMKANG CO., LTD(110111-0033722) LOTTE CHILSUNG BEVERAGE CO., LTD(110111-0003684) LOTTE
CONFECTIONERY CO., LTD.(110111-0076300) LOTTE DATA
COMMUNICATION CO., LTD.(110111-1358343) LOTTE MIDOPA CO., LTD(110111-0045983) LOTTE NON-LIFE INSURANCE CO.,
LTD.(110111-0014459) LOTTE HAM CO., LTD.(110111-0229371) LOTTERIA CO., LTD.(110111-0262850) LOTTE FRESH DELICA CO.,
LTD.(134511-0034295) LOTTE BOULANGERIE CO., LTD(135511-0109807) LOTTE PHARM CO., LTD.(110111-0657788) FOOD STAR, INC.(110111-1739155) CINEMA TRADING CO., LTD(110111-3180918) WELLGA INC.(184511-0000379) SANJUNG BEVERAGE CO., LTD.(111511-0013288) CHANG DAE TRADING CO., LTD.(110111-0904907) HOTEL LOTTE CO., LTD.(110111-0145410) LOTTE GIANTS BASEBALL CLUB(110111-0317556) HOTEL LOTTE PUSAN CO., LTD(180111-0053461) LOTTE MOOLSAN CO., LTD.(110111-0320707) LOTTE JTB CO., LTD(110111-3685710) THE CINEMA OF KOREA(110111-3837501) LOTTE CITY HOTEL CO., LTD(110111-3946518) LOTTE TRADING CO., LTD(110111-0159099) LOTTE LOGISTICS CORP.(110111-0040446) KOREA SEVEN CO., LTD.(110111-0899976) LOTTE.COM INC(110111-1843972) LOTTE ASAHI LIQUOR COMPANY
LTD.(110111-0530033) WOORI HOME SHOPPING(110111-2248957) KP CHEMTECH(230111-0100443) DAESAN MMA CORPORATION(161411-0016995) KOREA FUJIFILM CO., LTD(110111-0042715) HOWTECH CORPORATION(110111-2110114) LOTTE ALUMINUM CO., LTD.(110111-0003121) LOTTE ENGINEERING & MACHINERY MFG. CO.,
LTD.(110111-0154560) LOTTE ASSET DEVELOPMENT CO.,
LTD(110111-2394263) DAEHONG COMMUNICATIONS INC.(110111-0249981) FRL KOREA CO., LTD.(110111-3133298) LOTTE CAPITAL CO., LTD.(110111-1217416) LOTTE CARD CO., LTD.(110111-0641434) CHEONGNA ENERGY CO., LTD.(110111-3256818) LOTTE MILK CO., LTD.(110111-3650838) LOTTE STATION BUILDING CO.,
LTD.(110111-0505903) LOTTE SHOPPING CO., LTD.(110111-0000086) CANON KOREA BUSINESS SOLUTIONS
INC.(130111-0007666) LOTTE ENGINEERING & CONSTRUCTION CO.,
LTD(110111-0014764) LOTTE MEMBERS CO., LTD.(110111-5605790) IGIS I CORPORATION(110111-5513175) HYUNDAI LOGISTICS CO., LTD.(110111-0578231) HYUNDAI COSCO LOGISTICS CO., LTD.(180111-0684282) |
|
Affiliates-Overseas |
LOTTE CHINA FOODS CO., LTD. ZAO LOTTE RUS, LOTTE INDIA CO., LTD. LOTTE TRADING NEW YORK CORPORATION LOTTE QINGDAO FOODS CO., LTD. HAEMUNGYO SEONGANRYUN CO., LTD. LOTTE PHILIPPINES CO., LTD. VIETNAM LOTTERIA CO., LTD. LOTTE VIETNAM CO., LTD. KP CHEMICAL (H.K.)LIMITED LOTTE TAIWAN CO., LTD. LOTTE SHOPPING RUS LTD. LOTTEAODELI BEVERAGE CO.LTD. LOTTE CONSTRUCTION CO., LTD. ZAO L&S, HOSEOK CHEMICAL TRADE CO.,
LTD. LOTTE SHANGHAI FOODS. CO., LTD. GAHEUNG HOSEOK GONGJEONG SORYO CO., LTD. LOTTE FOOD HOLDING CO.,LIMITED LOTTE PACKAGE CO., LTD. LOTTE INVESTMENT CO., LTD. HONAM OVERSEAS HOLDINGS LIMITED LOTTE CONFECTIONERY RUS LLC, LH FOODS CO.,
LIMITED SOGLASIE-LOTTE HOTEL DUTY FREE LTD. OPERATOR-LOTTE-DUTY FREE LTD. UNITED NCRI-LOTTE CONSTRUCTION CORPORATION LOTTE ENGINEERING AND CONSTRUCTION INDIA
PVT. LTD. LOTTE HUABANG CO., LTD. LOTTE QINGDAO FOODS CO., LTD. WEIFANG YASING GROUP CO., LTD. |
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
LOTTE UBE SYNTHETIC RUBBER SDN. BHD (40.0% held by the subject company) LOTTE VERSALIS ELASTOMERS CO., LTD (50.0% +1 share held by the subject company) SEETECH CO., LTD.(KOREA) (50.0% held by the subject company) WEIFANG YAXING HONAM CHEMICAL CO., LTD.(CHINA) (25.00% held by the subject company) KOR-UZ GAS CHEMICAL INVESTMENT LTD.(MALAYSIA) (49.00% held by the subject company) LOTTE UBE SYNTHETIC RUBBER SDN. BHD.(MALAYSIA) (50.0% held by the subject company) LOTTE SANJIANG CHEMICAL CO., LTD.(CHINA) (50.0% held by the subject company) |
|
Subsidiary |
LOTTE CHEMICAL TRADING (SHANGHAI)
CORP.(CHINA) (100.0% held by the subject company) LOTTE CHEMICAL ENGINEERING PLASTICS
(JIAXING) CO., LTD.(CHINA) (100.0% held by the subject company) LOTTE CHEMICAL (JIAXING) CORP.(CHINA) (100.0% held by the subject company) LOTTE CHEMICAL TITAN HOLDING SDN.
BHD.(MALAYSIA) (100.0% held by the subject company) SAMBARK LFT CO., LTD.(161511-0034466) (99.51% held by the subject company) DACC AEROSPACE CO., LTD.(210111-0061897) (100.0% held by the subject company) LOTTE CHEMICAL ALABAMA CORP.(USA) (100.0% held by the subject company) LOTTE CHEMICAL ENGINEERING PLASTICS (HEFEI)
CO., LTD.(CHINA) (50.0% held by the subject company) KP CHEMTECH CO., LTD.(230111-0100443) (100.0% held by the subject company) LOTTE CHEMICAL PAKISTAN LIMITED(PAKISTAN) (75.01% held by the subject company) LOTTE CHEMICAL UK LIMITED(UK) (100.0% held by the subject company) LOTTE CHEMICAL POLAND SP. ZO.O.(POLAND) (100.0% held by the subject company) LOTTE CHEMICAL USA CORPORATION(USA) (100.0% held by the subject company) |
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Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
-Insured Company LIG INSURANCE CO., LTD(110111-0017859) -Technical Support SAMJUNG PETROCHEMCIAL CO., LTD(JAPAN) UNION CARBIDE CORPORATION -Sales Agent Agreement KP CHEMICAL CORP.(230111-0082112) |
The Subject deals
with the companies in China, Indonesia and Japan.
There are 4 cases
filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting 2,683,000,000 KRW as of
06/30/2015.
--------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.29 |
|
|
1 |
Rs.99.31 |
|
Euro |
1 |
Rs.73.39 |
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.