|
Report No. : |
346884 |
|
Report Date : |
28.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
COSMO CHEMICAL CO., LTD |
|
|
|
|
Registered Office : |
43, Banpo-daero, Seocho-gu, Seoul |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
06.30.2015 |
|
|
|
|
Date of Incorporation : |
02.12.1968 |
|
|
|
|
Com. Reg. No.: |
105-81-33052 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Subject is manufacture of all other chemical products |
|
|
|
|
No. of Employee : |
400 |
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 : |
No complaints |
|
|
|
|
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. 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 |
COSMO CHEMICAL CO., LTD
Basic
|
Company Name |
COSMO CHEMICAL CO., LTD. (Korean Company Name : “코스모화학(주)”) |
|
Registered Address |
43, Banpo-daero, Seocho-gu, Seoul, Korea |
|
Building |
|
|
Zip Code |
137-872 |
|
Tel |
+82-32-451-6100 |
|
Fax |
+82-32-451-6119 |
|
E-mail |
shim@cosmochem.co.kr |
|
Website |
www.cosmochem.co.kr |
|
Trading Address |
43, Banpo-daero, Seocho-gu, Seoul, Korea (Old Address System : 1534-5, Seocho
3-dong, Seocho-gu, Seoul, Korea) |
|
Tel |
+82-32-451-6100 |
|
Fax |
+82-32-451-6119 |
|
Other Address-Incheon Factory |
6, Gaseok-ro, Seo-gu, Incheon 404-812
Korea (Old Address System : 556-1, Gajwa-dong, Seo-gu,
Incheon 404-812 Korea) |
|
Tel |
+82-32-451-6200 |
|
Fax |
+82-32-451-6226 |
|
Other Address-Onsan Factory |
891, Wonsan-ri, Onsan-eup, Ulju-gun, Ulsan, Korea |
|
Tel |
+82-52-231-6712~5 |
|
Fax |
+82-52-237-2104 |
|
Type |
Export/Import |
|
Industry |
Manufacture of All Other Chemical Products |
|
Main Business |
Titanium Dioxide, Titanium Oxide |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
02/12/1968 |
The Subject owns
the premises of Incheon Factory and Onsan Factory.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Titanium dioxide(12171604) |
|
Name |
Sung Jun-Kyung |
|
Address |
- |
|
Date of Birth |
01/1961 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
66,642,220,000 |
||||||||||||||||||
|
Employees |
400 |
||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange: 005420 ) as of 07/24/1987 A Company of GS Business Group |
||||||||||||||||||
|
Bank Details |
S.C First Bank of Korea-Dohwa Dong Branch Shinhan Bank KEB Hana Bank Gyungnam Bank |
||||||||||||||||||
|
Corporate Registered No. |
110111-0152738 |
||||||||||||||||||
|
Business Registered No. |
105-81-33052 |
||||||||||||||||||
|
Permit & Licenses |
12/19/2001 ISO 9001 09/2006 ISO 14001 Int’l Trade No.: 438311 |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
09/2006 Acquired ISO 14001:2004 03/2006 Head office moved to Cosmo
building in Seoul 04/2005 GS group incorporated Cosmo
chemical 01/2005 KA-200 Product Development 02/2004 Inauguration CEO Jae-Hyun, Back 07/2003 Changed the trade name to Cosmo
Chemical Co., Ltd. and announced “The Second Establishment of the Company” 06/2003 Registered as the largest
shareholder in Cosmo Industry Co., Ltd. 07/2002 KA-300 Product Development 12/2001 Acquired ISO 9001 06/1999 Operation Onsan Factory 11/1995 Won the 50 Million Export Award 06/1990 The Building Permit of Onsan
Factory 01/1987 Completion New-Ceramic Research
Center 07/1987 Listed in Korea Stock Exchange 11/1985 Won the 7 Million Export Award 01/1980 Completion Factory Enlargement
Construction 1,000M/T a Month 06/1971 Completion Incheon Factory 01/1971 Changed the Firm name to Hankook
Titanium Industry Co., Ltd. 03/1968 Technical alliance with Japan
Jitan Industrial Co., Ltd. 02/1968 KA-100 Product Manufacturing 02/1968 Established Korea Jitan Industrial
Co., Ltd. |
Management
|
Job Description |
Title |
Name |
Sex |
Date of Birth |
Education |
|
President & CEO |
Mr. |
Sung Jun-Kyung |
Korean |
1961.01 |
Youngnam University, Korea |
|
Sr. Executive Director & CFO |
Mr. |
Kim Chang-Soo |
Korean |
1963.08 |
Yonsei University, Korea |
|
Executive Director |
Mr. |
Jung Chan-Woo |
Korean |
1961.03 |
Chungnam National University, Korea |
|
Director |
Mr. |
Ahn Sung-Duck |
Korean |
1956.05 |
Aju University, Korea |
|
Outside Director |
Mr. |
Kim Sun-Ki |
Korean |
1949.11.20 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Yoon Ki-Jong |
Korean |
1955.03.07 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Kim Woo-Yeol |
Korean |
1956.11 |
Tokyo Technical College, Japan |
|
Outside Director |
Mr. |
Park Hee-Gap |
Korean |
1955.02 |
Busan National University, Korea |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)06/2015 |
61,123,644,406 |
531,163,228,055 |
-10,119,358,114 |
|
(*)2014 |
136,173,515,024 |
558,677,059,541 |
-43,966,549,087 |
|
(*)2013 |
162,610,083,279 |
513,672,333,987 |
3,517,840,055 |
|
(*)2012 |
180,206,641,655 |
499,545,376,305 |
-4,974,083,389 |
|
2011 |
172,362,820,557 |
527,599,742,901 |
14,009,755,698 |
|
2010 |
124,716,323,966 |
434,697,330,834 |
30,909,429,018 |
|
2009 |
110,563,823,762 |
344,800,742,063 |
2,215,584,933 |
|
2008 |
103,633,429,228 |
355,162,352,763 |
-4,839,976,985 |
|
2007 |
86,532,948,911 |
159,852,368,906 |
-17,557,348,588 |
|
2006 |
75,589,485,141 |
162,600,789,392 |
-25,672,824,529 |
|
2005 |
71,850,382,047 |
167,703,584,113 |
777,761,918 |
|
2004 |
69,695,899,720 |
160,817,254,026 |
-34,598,411,728 |
|
2003 |
65,089,347,760 |
175,939,224,137 |
33,489,491,663 |
(*)Figures are based
on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
200,000,000,000 |
|
Paid-Up Capital(KRW) |
66,642,220,000 |
|
Total Issued Shares |
13,328,444 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
01/01/2015~06/30/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Total Assets |
531,163,228,055 |
558,677,059,541 |
513,672,333,987 |
|
Current Assets |
96,085,047,754 |
110,068,347,419 |
121,514,943,262 |
|
Cash & Cash Equivalents |
1,298,539,172 |
2,217,791,120 |
943,335,393 |
|
Current Financial Instruments |
7,008,791,929 |
6,824,138,245 |
8,072,000,000 |
|
Trade Receivables & Other Receivables |
46,568,564,449 |
45,172,352,922 |
47,915,030,422 |
|
Inventories |
36,074,863,798 |
42,765,412,637 |
55,703,160,731 |
|
Other Current Assets |
5,134,288,406 |
6,477,102,495 |
8,881,416,716 |
|
Non-Current Assets to be Sold |
|
6,611,550,000 |
|
|
Non-Current Assets |
435,078,180,301 |
448,608,712,122 |
392,157,390,725 |
|
Marketable Financial Instruments |
495,846,709 |
3,423,846,709 |
6,129,538,767 |
|
Investment_Subsidiaries |
13,512,375,800 |
13,512,375,800 |
13,512,375,800 |
|
Investment_Related Companies |
4,322,968,350 |
4,322,968,350 |
6,553,113,452 |
|
Tangibles |
414,671,504,902 |
424,310,839,723 |
362,493,941,694 |
|
Intangibles |
1,539,230,040 |
2,561,230,040 |
3,097,685,512 |
|
Other Non-Current Assets |
536,254,500 |
477,451,500 |
370,735,500 |
|
Total Liabilities |
327,486,485,131 |
346,639,882,742 |
289,286,382,595 |
|
Current Liabilities |
233,709,651,646 |
242,577,620,335 |
194,782,691,163 |
|
Trade Payables & Other Payables |
68,847,436,223 |
72,033,002,953 |
32,856,765,865 |
|
Short-Term Borrowings |
136,756,972,557 |
137,723,167,069 |
136,713,041,962 |
|
Current Portion of Long-Term Debts |
16,413,800,000 |
16,009,850,000 |
15,649,970,000 |
|
Current Portion of Account Payables |
5,856,586,845 |
5,676,826,384 |
3,399,166,630 |
|
Deferred Income Tax Credit |
|
|
49,748,574 |
|
Other Current Liabilities |
5,834,856,021 |
11,134,773,929 |
6,113,998,132 |
|
Non-Current Liabilities |
93,776,833,485 |
104,062,262,407 |
94,503,691,432 |
|
Long-Term Borrowings |
8,566,750,000 |
13,561,150,000 |
23,496,000,000 |
|
Bond with Warrants |
11,407,608,376 |
14,494,093,257 |
26,565,787,294 |
|
Convertible Bonds |
8,813,796,944 |
8,523,018,694 |
|
|
Long-Term Account Payables |
7,580,062,808 |
10,591,071,499 |
5,084,854,676 |
|
Leasehold Deposits |
2,233,173,439 |
2,201,869,074 |
|
|
Provisions |
584,926,690 |
527,784,200 |
336,824,118 |
|
Deferred Income Tax Credit |
45,772,839,940 |
46,819,744,346 |
37,545,441,818 |
|
Provision for Severance & Retirement |
8,817,675,288 |
7,343,531,337 |
1,474,783,526 |
|
Capital Stock |
66,642,220,000 |
65,510,795,000 |
65,510,795,000 |
|
Capital Surplus |
25,358,023,312 |
25,297,730,037 |
23,928,234,555 |
|
Capital Adjustment |
-177,049,855 |
-177,049,855 |
-177,049,855 |
|
Others |
162,285,523,425 |
165,997,275,407 |
133,101,677,636 |
|
Profit Surplus |
-50,431,973,958 |
-44,591,573,790 |
2,022,294,056 |
|
Total Equity |
203,676,742,924 |
212,037,176,799 |
224,385,951,392 |
|
Liab. & Shareholder’s Equity |
531,163,228,055 |
558,677,059,541 |
513,672,333,987 |
Income
Statement
|
|||
|
Unit : Korean Won |
01/01/2015~03/31/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Sales |
61,123,644,406 |
136,173,515,024 |
162,610,083,279 |
|
Cost of Sold Goods |
66,351,323,517 |
143,599,518,546 |
154,104,185,847 |
|
Gross Profit |
-5,227,679,111 |
-7,426,003,522 |
8,505,897,432 |
|
Selling & Admin. Expenses |
7,940,592,529 |
15,498,145,321 |
19,674,879,245 |
|
Operating Income |
-13,168,271,640 |
-22,924,148,843 |
-11,168,981,813 |
|
Finance Income |
1,504,890,178 |
3,704,301,018 |
3,994,790,584 |
|
Finance Expenses |
6,672,722,839 |
24,463,919,017 |
13,564,369,022 |
|
Other Income |
8,449,817,598 |
251,746,025 |
25,068,366,060 |
|
Other Expenses |
233,071,411 |
534,528,270 |
169,234,285 |
|
Income Before Taxes |
-10,119,358,114 |
-43,966,549,087 |
4,160,571,524 |
|
Income Taxes Expenses |
|
|
642,731,469 |
|
Income from Continuous Business |
-10,119,358,114 |
-43,966,549,087 |
3,517,840,055 |
|
Income from Stopped Business |
|
|
|
|
Net Income |
-10,119,358,114 |
-43,966,549,087 |
3,517,840,055 |
Cash Flows
|
|||
|
Unit : Korean Won |
01/01/2015~03/31/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Operating Activities Cash Flows |
-5,618,963,170 |
53,849,258,057 |
23,420,276,153 |
|
Cash Flows from Operating |
-1,151,742,584 |
61,930,030,779 |
32,850,537,483 |
|
-Net Income |
-10,119,358,114 |
-43,966,549,087 |
3,517,840,055 |
|
-Exp. without Cash Outflow |
19,138,120,665 |
46,462,411,659 |
34,384,614,907 |
|
-Revenue without Cash Inflows |
-8,451,867,579 |
-2,641,231,005 |
-27,351,759,738 |
|
-Changes in Asset/ & Liability |
-1,718,637,556 |
62,075,399,212 |
22,299,842,259 |
|
Interests Received |
11,563,574 |
544,021,120 |
289,275,645 |
|
Interests Paid |
-4,606,198,366 |
-9,197,692,779 |
-9,488,523,254 |
|
Income Taxes |
127,414,206 |
572,898,937 |
-231,013,721 |
|
Cash Flows from Investing |
16,566,639,124 |
-47,090,105,300 |
-19,851,597,647 |
|
Cash Inflow from Investing |
18,243,291,462 |
7,497,419,511 |
52,198,326,269 |
|
Cash Outflows for Investing |
-1,676,652,338 |
-54,587,524,811 |
-72,049,923,916 |
|
Cash Flows from Financing |
-11,821,036,486 |
-5,448,563,356 |
-3,123,991,077 |
|
Cash Inflows from Financing |
71,914,760,701 |
204,333,431,672 |
207,688,149,458 |
|
Cash Outflows from Financing |
-83,735,797,187 |
-209,781,995,028 |
-210,812,140,535 |
|
Increase/Decrease in Cash |
-919,251,948 |
1,274,455,727 |
339,211,298 |
|
Cash at the Beginning of Year |
2,217,791,120 |
943,335,393 |
604,124,095 |
|
Cash at the End of Year |
1,298,539,172 |
2,217,791,120 |
943,335,393 |
|
Main Products & Services |
TiO2 is very stable material in physical
and chemical terms and has superior coverage and staining power because it has
the highest refractive index among white pigments and accurate particle sizes
and dispensability. It is used to remove gloss from chemical textiles and
improve abrasion resistance of chemical textiles as well as for pigment.
Moreover, it is widely used in various areas such as electronic materials, TV
brawn tubes and welding rod coverings using electronic characteristics. TiO2 Environment & Construction Materials Ferrous Sulfate Poly Ferric Sulfate Solution Ferrous Sulfate Solution HISOL Gypsum Brand Name: COTIOX, COCOS |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
COSMO CORPORATION CO., LTD.(110111-2559354) COSMO FINE CHEMICALS
CO.,LTD.(110111-0531205) |
|
Customers |
COSMO FINE CHEMICALS CO.,LTD.(110111-0531205) CHEMTECH INTERNATIONAL CO., LTD.(110111-1967730) |
|
Competitors |
WE INTERNATIONAL CO., LTD. RM. 1402, BYEOKSAN GWANGHWAMUN SIDAE
OFFICETEL, 74, NAESU-DONG, JONGNO-GU, SEOUL, KOREA TEL:+82-2-2195-4281~3 FAX:+82-2-2185-4280 TMC CO., LTD. NAJEON INDUSTRIAL COMPLEX, 554-5,
NAJEON-RI, SAENGNIM-MYEON, GIMHAE-SI, GYEONGSANGNAM-DO, KOREA TEL:+82-55-323-3663 FAX:+82-55-323-3687 NANO CO., LTD. 1108-1, BONGGOK-RI, SABONG-MYEON, JINJU-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-762-8887 FAX:+82-55-755-6755 |
Affiliates-Domestic
GS HOLDINGS
CORP. (110111-3045112)
GS HOME SHOPPING
INC. (110111-1111444)
GS CALTEX OIL CORPORATION (110111-0078819)
GS ENGINEERING & CONSTRUCTION CORPORATION (110111-0002694)
GS POWER
(134111-0074744)
HAEYANG CITY
GAS. CO., LTD (200111-0004906)
SEORABEOL CITY
GAS CO.,LTD (171211-0024180)
OIL CHAIN
CORPORATION (110111-2194754)
GS FUELCELL
CO.LTD. (160111-0108202)
GS RETAIL
(110111-0090037)
GSWATSONS (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)
CHEMTECH
INTERNATIONAL CO., LTD.(110111-1967730)
OKSAN
DISTRIBUTION (110111-1426108)
S M COMPANY.,
LTD (110111-1308124)
GS NEOTEK
(110111-0166953)
EZVILLE,INC.
(110111-1934557)
CENTRAL MOTORS
CORP. (131111-0101912)
SUNGSAN GROUP CORPORATION
(110111-0110653)
SLS LTD
(110111-1632424)
SUNGSAN LEISURE
INC (141111-0022893)
YEOSU-WHAMUL INC
(204714-0001033)
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 INET
(110111-2559362)
ISURF INC.
(110111-2197047)
LANDMARK ASIA,
INC. (110111-2219411)
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)
XEBIO KOREA CO., LTD.(110111-4853035)
COSMO CORPORATION
CO., LTD.(110111-2559354)
(33.0% held by
the subject company)
COSMO ADVANCED MATERIALS & TECHNOLOGY CO., LTD.(120111-0018251)
(42.0% held by
the subject company)
MARUMAN KOREA CO., LTD.(131111-0093953)
(30.0% held by the subject company)
Affiliates-Overseas
GS CALTEX
SINGAPORE PTE.(SINGAPORE)
GS E&C ITALY
S.R.(ITALY)
GS E&C
(NANJING) CO. LTD.(CHINA)
GS E&C
POLAND SP.Z.O.O.(POLAND)
CHONGQING GS
SHOPPING INC.(CHINA)
SAMHO CO.
LTD.(VIETNAM)
SAMMA
CORP.(PHILLIPPINES)
FARWEST STEEL
CO.(USA)
GS AROMATICS
PTE.(SINGAPORE)
LIDONG CHEMICAL
CO. LTD.(CHINA)
GS-HP SUNFLOWER
INTERNATIONAL VILLAGE CORP.(VIETNAM)
LANDMARK GLOBAL
INC.(USA)
WESTERN COATING
INC.(USA)
QINGDAO LIXING
LOGISTICS CO., LTD.(CHINA)
GS E&C THAI
CO., LTD.(THAILAND)
FRONTIER NEMTWO(MALAYSIA)
FRONTIER
WOKAM(MALAYSIA)
GS E&C INDIA
PRIVATE LTD.(INDIA)
GS CU CHI
DEVELOPMENT CO. LTD.(VIETNAM)
COSMO VIETNAM
CO., LTD.(VIETNAM)
GS CONSTRUCTION
(ARABIA) LIMITED(SAUDI ARABIA)
GS NHA BE
DEVELOPMENT ONE-MEMEBER LLC.(VIETNAM)
GS CALTEX(QINGDAO)
ENERGY CO., LTD.(CHINA)
GS RETAIL
VIETNAM CO., LTD.(VIETNAM)
COSMO RUS,
LLC(RUSSIA)
MK
INTERNATIONAL(JAPAN)
GS NEOTEK
VIETNAM CO., LTD.(VIETNAM)
GS SAIGON
DEVELOPMENT ONE-MEMBER LLC.(VIETNAM)
SLEEP METHODS,
INC.(USA)
COSMO CHINA
INVESTMENT CO., LTD.(CHINA)
GS CALTEX(JINAN)
ENERGY CO., LTD..(CHINA)
GS (CAMBODIA)
DEVELOPMENT CO., LTD.(CAMBODIA)
GS GLOBAL BIO
CO., LTD.(CAMBODIA)
GS AROMATICS
(QINGDAO) CHEMICAL CO., LTD.(CHINA)
GS CALTEX
(YANTAI) ENERGY CO., LTD.(CHINA)
|
Overseas
Office |
|
|
Liaison Office |
|
|
Overseas
Branch |
|
|
Joint Venture |
|
|
Subsidiary |
COSMO ADVANCED MATERIALS & TECHNOLOGY CO., LTD.(120111-0018251) (39.2% held by the subject company) |
|
Corporate
Ownership |
|
|
Major
Shareholders |
|
|
Cooperative
Enterprise |
|
The Subject imports raw materials from India and Vietnam, and exports
USA, Japan, Europe and South-East Countries. 65% out of total sales accounts
for exporting and 35% is for domestic sales.
No.
-------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.96 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
ASH |
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.