|
Report No. : |
346349 |
|
Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
KUMHO PETROCHEMICAL CO., LTD. |
|
|
|
|
Registered Office : |
100, Cheonggyecheon-ro, Jung-gu, Seoul, Signature Towers East Annex, Korea 100-230 |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
28.12.1970 |
|
|
|
|
Com. Reg. No.: |
102-81-31147 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Synthetic Rubber (Latex, Polystyrene, Expanded
Polystyrene Foam, Polyprophylene Glycol) |
|
|
|
|
No. of Employees : |
1,277 |
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 |
KUMHO PETROCHEMICAL CO., LTD. (Ex. English Name : KOREA KUMHO
PETROCHEMICAL CO., LTD.) (Trade Name
: KKPC) |
|
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.
|
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) |
|
Name |
Park Chan-Koo |
|
Address |
- |
|
Date of Birth |
08/13/1945 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
167,455,885,000 |
|||||||||||||||||||||||||||
|
Employees |
1,277 |
|||||||||||||||||||||||||||
|
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. |
|
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 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Song Ok-Ryeol |
Korean |
1969.11. |
Harvard Law School, USA |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
3,766,992,356,726 |
3,408,864,183,649 |
83,308,972,558 |
|
|
(*)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.
|
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 |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total Assets |
3,408,864,183,649 |
3,234,381,778,494 |
3,489,123,787,402 |
|
Current
Assets |
1,062,860,414,317 |
944,666,876,584 |
1,155,034,288,560 |
|
Inventories |
419,827,454,142 |
441,701,634,851 |
445,929,109,330 |
|
Trade Receivables |
416,919,387,235 |
404,673,520,710 |
460,635,528,648 |
|
Other Receivables |
56,172,623,964 |
56,201,181,514 |
42,289,537,313 |
|
Cash & Cash Equivalents |
159,434,225,310 |
33,530,727,635 |
198,202,420,311 |
|
Other Current Assets |
10,506,723,666 |
8,559,811,874 |
7,977,692,958 |
|
Non-Current
Assets |
2,346,003,769,332 |
2,289,714,901,910 |
2,334,089,498,842 |
|
Tangibles |
1,633,245,345,551 |
1,593,709,716,613 |
1,556,331,323,189 |
|
Investment_Real Estates |
0 |
597,098,629 |
624,551,440 |
|
Intangibles |
10,950,131,685 |
13,462,344,967 |
19,066,239,762 |
|
Investment_Related Companies |
380,808,067,366 |
388,429,839,914 |
377,205,614,676 |
|
Marketable Financial Instruments |
312,402,785,204 |
279,232,495,989 |
376,849,426,397 |
|
Deferred Income Taxes |
0 |
6,780,490,986 |
0 |
|
Other Non-Current Assets |
8,597,439,526 |
7,502,914,812 |
4,012,343,378 |
|
Total
Liabilities |
2,175,435,793,658 |
2,069,386,253,798 |
2,224,632,653,234 |
|
Current
Liabilities |
1,431,482,061,351 |
1,177,420,500,926 |
1,154,797,923,952 |
|
Trade Payables & Other Payables |
398,034,296,215 |
403,823,370,929 |
379,307,888,706 |
|
Long-Term Borrowings |
990,523,207,960 |
699,968,848,158 |
744,228,324,663 |
|
Accrued Income Tax |
26,837,346,751 |
18,336,366,370 |
26,886,331,453 |
|
Current Portion of Provisions |
11,582,224,212 |
50,865,686,845 |
0 |
|
Other Current Liabilities |
4,504,986,213 |
4,426,228,624 |
4,375,379,130 |
|
Non-Current
Liabilities |
743,953,732,307 |
891,965,752,872 |
1,069,834,729,282 |
|
Long-Term Trade Payables &
Other Payables |
67,629,456 |
1,611,027,236 |
3,912,373,403 |
|
Long-Term Borrowings |
712,683,006,505 |
864,849,510,181 |
1,032,298,132,753 |
|
Long-Term Account Payables |
3,289,541,561 |
4,026,744,651 |
4,138,599,703 |
|
Confirmed Salaries |
26,257,255,480 |
18,905,532,621 |
18,091,587,795 |
|
Deferred Income Tax Credit |
336,558,203 |
0 |
8,414,901,117 |
|
Finance Guarantee Liabilities |
1,245,538,635 |
2,572,938,183 |
2,979,134,511 |
|
Derivatives |
74,202,467 |
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 |
|
Others |
54,112,450,604 |
28,120,990,909 |
45,231,650,174 |
|
Capital Adjustment |
-40,066,241,915 |
-40,066,241,915 |
-40,066,241,915 |
|
Profit Surplus |
775,720,700,974 |
733,279,295,374 |
815,664,245,581 |
|
Total Equity |
1,233,428,389,991 |
1,164,995,524,696 |
1,264,491,134,168 |
|
Liab. & Shareholder’s Equity |
3,408,864,183,649 |
3,234,381,778,494 |
3,489,123,787,402 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
3,766,992,356,726 |
4,193,220,006,900 |
4,872,724,691,673 |
|
Cost of Sold Goods |
3,437,177,308,141 |
3,875,961,590,393 |
4,505,385,253,370 |
|
Gross Profit |
329,815,048,585 |
317,258,416,507 |
367,339,438,303 |
|
Selling & Admin. Expenses |
141,425,538,399 |
156,798,056,678 |
152,555,667,828 |
|
Operating Income |
188,389,510,186 |
160,460,359,829 |
214,783,770,475 |
|
Other Operating Income |
55,565,613,397 |
70,527,264,457 |
65,432,546,577 |
|
Other Operating Expenses |
67,832,386,523 |
201,535,208,145 |
108,699,733,839 |
|
Finance Income |
35,793,625,777 |
43,477,587,804 |
62,397,222,016 |
|
Finance Expenses |
100,446,697,735 |
97,591,484,575 |
133,583,207,739 |
|
Income Before Taxes |
111,469,665,102 |
-24,661,480,630 |
100,330,597,490 |
|
Income Taxes Expenses |
28,160,692,544 |
6,305,151,399 |
4,214,559,420 |
|
Net Income |
83,308,972,558 |
-30,966,632,029 |
96,116,038,070 |
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Operating
Activities Cash Flows |
214,120,709,254 |
292,044,921,968 |
239,538,333,127 |
|
Operating
Activities Cash Flows |
283,645,058,744 |
355,979,788,704 |
309,846,478,443 |
|
Interests Received |
1,845,489,072 |
2,593,910,082 |
9,293,887,036 |
|
Interests Paid |
-59,972,201,635 |
-61,341,872,376 |
-100,689,402,740 |
|
Dividends Received |
9,804,360,888 |
20,847,136,802 |
17,551,982,632 |
|
Income Taxes |
-21,201,997,815 |
-26,034,041,244 |
3,535,387,756 |
|
Cash Flows from Investing |
-152,914,845,211 |
-189,676,892,591 |
-209,585,790,462 |
|
Cash Flows from Financing |
64,731,667,880 |
-266,810,016,273 |
-246,279,704,158 |
|
Increase/Decrease in Cash |
125,903,497,675 |
-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 |
159,434,225,310 |
33,530,727,635 |
198,202,420,311 |
|
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 |
|
|
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 |
|
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 |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
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/ 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.
|
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.65.15 |
|
|
1 |
Rs.100.53 |
|
Euro |
1 |
Rs.73.97 |
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.