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|
|
MIRA INFORM REPORT
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Report No. : |
503694 |
|
Report Date : |
13.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
LOTTE CHEMICAL CORPORATION |
|
|
|
|
Formerly Known As : |
HONAM PETROCHEMICAL CORPORATION |
|
|
|
|
Registered Office : |
300, Olympic-Ro, Songpa-Gu, Seoul, Lotte
World Tower & Lotte World Mall, Korea 05551 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2017 |
|
|
|
|
Date of Incorporation : |
16.03.1976 |
|
|
|
|
Com. Reg. No.: |
118-81-15012 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Basic Organic Petrochemicals. |
|
|
|
|
No. of Employees : |
3,092 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
SOUTH KOREA - ECONOMIC OVERVIEW
After emerging from the 1950-53 war with North Korea, South Korea emerged as one of the 20th century’s most remarkable economic success stories, becoming a developed, globally connected, high-technology society within decades. In the 1960s, GDP per capita was comparable with levels in the poorest countries in the world. In 2004, South Korea joined the trillion-dollar club of world economies.
Beginning in the 1960s under President PARK Chung-hee, the government promoted the import of raw materials and technology, encouraged saving and investment over consumption, kept wages low, and directed resources to export-oriented industries that remain important to the economy to this day. Growth surged under these policies, and frequently reached double-digits in the 1960s and 1970s. Growth gradually moderated in the 1990s as the economy matured, but remained strong enough to propel South Korea into the ranks of the advanced economies of the OECD by 1997. These policies also led to the emergence of family-owned chaebol conglomerates such as Daewoo, Hyundai, and Samsung, which retained their dominant positions even as the government loosened its grip on the economy amid the political changes of the 1980s and 1990s.
The Asian financial crisis of 1997-98 hit South Korea’s companies hard because of their excessive reliance on short-term borrowing, and GDP ultimately plunged by 7% in 1998. South Korea tackled difficult economic reforms following the crisis, including restructuring some chaebols, increasing labor market flexibility, and opening up to more foreign investment and imports. These steps lead to a relatively rapid economic recovery. South Korea also began expanding its network of free trade agreements to help bolster exports, and has since implemented 16 free trade agreements covering 58 countries—including the United State and China—that collectively cover more than three-quarters of global GDP.
In 2017, the election of President MOON Jae-in brought a surge in consumer confidence, in part, because of his successful efforts to increase wages and government spending. These factors combined with an uptick in export growth to drive real GDP growth to more than 3%, despite disruptions in South Korea’s trade with China over the deployment of a US missile defense system in South Korea.
In 2018 and beyond, South Korea will contend with gradually slowing economic growth - in the 2-3% range - not uncommon for advanced economies. This could be partially offset by efforts to address challenges arising from its rapidly aging population, inflexible labor market, continued dominance of the chaebols, and heavy reliance on exports rather than domestic consumption. Socioeconomic problems also persist, and include rising inequality, poverty among the elderly, high youth unemployment, long working hours, low worker productivity, and corruption.
|
Source
: CIA |
Basic Information
|
Company Name |
LOTTE CHEMICAL CORPORATION (Ex. Company
Name : HONAM PETROCHEMICAL CORPORATION) |
|
Registered Address |
300, Olympic-ro, Songpa-gu, Seoul, Korea |
|
Building |
Lotte World Tower & Lotte World Mall |
|
Zip Code |
05551 |
|
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 |
Lotte World Tower & Lotte World Mall,
300, Olympic-ro, Songpa-gu, Seoul, Korea (Old Address System : Lotte World Tower
& Lotte World Mall, 29, Sincheon-dong, Songpa-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 |
|
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 |
Detailed Products
|
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) |
CEO’s
|
Name |
Shin Dong-Bin |
|
Date of Birth |
02/14/1995 |
|
Title |
Chairman & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
171,377,095,000 |
||||||||||||||||||||||||
|
Employees |
3,092 |
||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 011170) as of 05/30/1991 Foreign Direct Investment Corporation A Company of LOTTE GROUP |
||||||||||||||||||||||||
|
Bank Details |
NH 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 08/15/1996 Moved to the present HQ address
from 191, Hangangno 2-ga, Yongsan-gu, Seoul, Korea 03/19/1999 Increased the authorized shares
to 100,000,000 shares from 60,000,000 shares 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 12/27/2012 Increased capital to 171,377,095,000 KRW from 159,300,000,000 KRW 04/29/2016
Acquired 9,000,000 shares(90%) of LOTTE ADVANCED MATERIALS CO.,
LTD.(206211-0057775) amounting 2,326,500,000,000 KRW 06/26/2017 Moved to the present HQ address
from Lotte Gwanak Tower, 51, Boramae-ro 5-gil, Dongjak-gu, Seoul, Korea (Old
Address System : Lotte Gwanak Tower, 395-67, Sindaebang 2-dong, Dongjak-gu,
Seoul, Korea) |
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
Chairman & CEO |
Shin Dong-Bin |
Korean |
02/14/1955 |
05/28/2004 |
|
President & CEO |
Hur Soo-Young |
Korean |
06/07/1951 |
02/03/2012 |
|
President & CEO |
Kim Kyo-Hyun |
Korean |
08/05/1957 |
03/24/2017 |
|
Outside Director / Auditor |
Park Kyung-Hee |
Korean |
03/23/1955 |
03/20/2015 |
|
Director |
Lim Byung-Yeon |
Korean |
09/27/1964 |
03/19/2018 |
|
Outside Director |
Cho Seok |
Korean |
09/27/1957 |
03/19/2018 |
|
Outside Director / Auditor |
Kim Cheol-Soo |
Korean |
09/28/1956 |
03/18/2016 |
|
Outside Director / Auditor |
Kim Yoon-Ha |
Korean |
04/09/1957 |
03/18/2016 |
|
Outside Director / Auditor |
Park Yong-Seok |
Korean |
02/10/1955 |
03/18/2016 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
10,149,509,820,365 |
15,269,369,483,103 |
1,631,224,830,352 |
|
|
2016 |
8,256,999,556,854 |
13,785,910,588,754 |
1,304,125,927,817 |
|
2015 |
8,471,946,291,836 |
10,525,249,375,017 |
870,346,257,393 |
|
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 |
Financial Description
|
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 |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Total Assets |
15,269,369,483,103 |
13,785,910,588,754 |
10,525,249,375,017 |
|
Current
Assets |
5,067,992,175,734 |
3,692,778,095,452 |
4,107,127,557,307 |
|
Cash & Cash Equivalents |
910,110,351,183 |
1,433,378,148,707 |
1,411,293,983,854 |
|
Current Financial Instruments |
2,111,153,641,467 |
412,242,278,256 |
841,697,947,914 |
|
Finance Assets from this year's
Income |
|
6,359,869,404 |
|
|
Marketable Financial Instruments |
100,046,195,000 |
20,588,275,000 |
45,639,020,000 |
|
Trade Receivables & Other
Receivables |
1,075,154,095,089 |
1,009,501,818,487 |
769,375,481,316 |
|
Inventories |
801,270,856,803 |
768,057,104,495 |
698,176,494,369 |
|
Finance Lease Receivables |
297,322,429 |
297,322,429 |
297,322,429 |
|
Current Financial Instruments |
12,822,275,762 |
8,567,413,596 |
22,674,814,991 |
|
Current Non-Financial Instruments |
57,137,438,001 |
33,785,865,078 |
317,972,492,434 |
|
Non-Current
Assets |
10,201,377,307,369 |
10,093,132,493,302 |
6,418,121,817,710 |
|
Non-Current Financial Instruments |
67,506,500,000 |
67,509,500,000 |
67,509,500,000 |
|
Marketable Financial Instruments |
254,144,319,419 |
303,128,955,375 |
193,646,663,061 |
|
Finance Lease Receivables |
4,399,394,859 |
4,607,915,427 |
4,812,142,245 |
|
Investment_Subsidiaries |
5,246,539,660,141 |
4,945,108,860,141 |
1,790,421,994,563 |
|
Investment_Related Companies |
1,380,112,407,302 |
1,474,288,407,302 |
1,041,587,860,533 |
|
Investment_Co-Governing Companies |
771,940,181,143 |
731,268,186,143 |
735,567,729,357 |
|
Tangibles |
2,306,016,105,247 |
2,401,869,735,877 |
2,465,000,620,565 |
|
Investment_Real Estates |
98,854,230,921 |
83,483,995,082 |
83,804,807,214 |
|
Intangibles |
21,471,890,752 |
21,847,347,121 |
18,813,643,602 |
|
Non-Current Financial Instruments |
47,351,617,585 |
56,211,390,834 |
12,391,456,570 |
|
Non-Current Non-Financial
Instruments |
3,041,000,000 |
3,808,200,000 |
4,565,400,000 |
|
Total
Liabilities |
4,892,088,223,664 |
5,100,045,139,776 |
3,053,934,929,469 |
|
Current
Liabilities |
2,794,813,889,570 |
2,474,068,374,787 |
1,510,271,931,879 |
|
Trade Payables & Other
Payables |
872,349,182,446 |
609,029,297,018 |
512,307,444,955 |
|
Short-Term Borrowings |
1,273,498,527,281 |
1,372,036,169,313 |
751,508,310,599 |
|
Accrued Income Tax |
460,134,030,812 |
338,541,903,254 |
155,920,346,936 |
|
Other Current Financial Debts |
58,177,913,426 |
39,047,028,735 |
39,630,921,923 |
|
Other Current Non-Financial Debts |
117,310,977,305 |
96,594,662,267 |
46,796,335,466 |
|
Provisions |
13,343,258,300 |
18,819,314,200 |
4,108,572,000 |
|
Non-Current
Liabilities |
2,097,274,334,094 |
2,625,976,764,989 |
1,543,662,997,590 |
|
Finance Liabilities from this
year's Income |
25,238,394,790 |
|
|
|
Long-Term Borrowings |
1,846,142,232,895 |
2,400,388,428,576 |
1,328,976,285,460 |
|
Confirmed Salaries |
16,800,653,312 |
14,506,403,768 |
23,202,185,854 |
|
Deferred Income Tax Credit |
135,961,187,322 |
156,293,913,979 |
168,310,120,732 |
|
Other Non-Current Financial Debts |
59,933,600,916 |
44,942,086,915 |
17,651,966,771 |
|
Other Non-Current Non-Financial
Debts |
8,539,176,500 |
7,684,245,604 |
3,358,440,773 |
|
Provisions |
4,659,088,359 |
2,161,686,147 |
2,163,998,000 |
|
Capital
Stock |
171,377,095,000 |
171,377,095,000 |
171,377,095,000 |
|
Capital
Surplus |
968,318,556,590 |
771,055,831,115 |
771,055,831,115 |
|
Profit Surplus |
9,211,371,437,921 |
7,730,796,464,233 |
6,510,227,079,633 |
|
Others |
26,214,169,928 |
12,636,058,630 |
18,654,439,800 |
|
Total Equity |
10,377,281,259,439 |
8,685,865,448,978 |
7,471,314,445,548 |
|
Liab. & Shareholder’s Equity |
15,269,369,483,103 |
13,785,910,588,754 |
10,525,249,375,017 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Sales |
10,149,509,820,365 |
8,256,999,556,854 |
8,471,946,291,836 |
|
Cost of Sold Goods |
7,350,278,466,239 |
6,021,939,131,321 |
6,796,676,418,843 |
|
Gross Profit |
2,799,231,354,126 |
2,235,060,425,533 |
1,675,269,872,993 |
|
Selling & Admin. Expenses |
432,647,011,682 |
377,991,807,395 |
339,497,882,999 |
|
Operating Income |
2,366,584,342,444 |
1,857,068,618,138 |
1,335,771,989,994 |
|
Finance Income |
174,693,920,041 |
129,990,803,188 |
105,841,229,713 |
|
Finance Expenses |
210,089,873,536 |
194,966,594,274 |
147,056,073,644 |
|
Other Non-Operating Income |
229,714,219,710 |
193,798,710,564 |
173,550,388,943 |
|
Other Non-Operating Expenses |
335,478,699,807 |
199,205,197,975 |
289,960,601,398 |
|
Income Before Taxes |
2,225,423,908,852 |
1,786,686,339,641 |
1,178,146,933,608 |
|
Income Taxes Expenses |
594,199,078,500 |
482,560,411,824 |
307,800,676,215 |
|
Net Income |
1,631,224,830,352 |
1,304,125,927,817 |
870,346,257,393 |
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Operating Activities Cash Flows |
2,331,524,130,017 |
1,850,223,638,386 |
2,053,154,857,481 |
|
Cash
Flows from Operating |
2,841,405,902,834 |
2,160,472,298,344 |
2,276,660,959,430 |
|
Net
Income |
1,631,224,830,352 |
1,304,125,927,817 |
870,346,257,393 |
|
Adjustment |
1,119,211,628,093 |
942,415,249,220 |
791,818,780,051 |
|
Changes
in Asset/ & Liability |
90,969,444,389 |
-86,068,878,693 |
614,495,921,986 |
|
Income
Taxes |
-509,881,772,817 |
-310,248,659,958 |
-223,506,101,949 |
|
Cash
Flows from Investing |
-2,247,738,732,925 |
-3,078,131,390,654 |
-877,404,459,386 |
|
Cash
Flows from Financing |
-587,820,596,837 |
1,226,059,224,035 |
-194,796,091,397 |
|
Increase/Decrease
in Cash |
-504,035,199,745 |
-1,848,528,233 |
980,954,306,698 |
|
Cash
at the Beginning of Year |
1,433,378,148,707 |
1,411,293,983,854 |
428,191,958,545 |
|
Cash
at the End of Year |
910,110,351,183 |
1,433,378,148,707 |
1,411,293,983,854 |
Products, Technologies, Services Description
|
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) |
Trade Partners & Competitors
|
Suppliers |
GS-CALTEX CORPORATION(110111-0078819) HYUNDAI CHEMICAL CO., LTD.(161411-0031472) 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) |
Related Parties (Subsidiaries, Joint-Venture & Affiliates)
|
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) LOTTE FINE CHEMICAL CO., LTD.(181211-0000013) (31.53%% held by the subject company) |
|
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. |
|
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) LOTTE MRC CORPORATION(161411-0016995) (50.0% held by the subject company) HONAM MITSUI CHEMICALS, INC(206211-0042966) (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) (76.01% 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 ADVANCED MATERIALS CO.,
LTD.(206211-0057775) (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) (60.0% held by the subject company) LOTTE CHEMICAL ENGINEERING PLASTICS (SHENYANG) CO., LTD.(CHINA) (100.0% held by the subject company) |
|
Cooperative Enterprise |
-Insured Company LIG INSURANCE CO., LTD(110111-0017859) -Technical Support SAMJUNG PETROCHEMCIAL CO., LTD(JAPAN) UNION CARBIDE CORPORATION ASAHI KASEI CORPORATION -Sales Agent Agreement KP CHEMICAL CORP.(230111-0082112) |
Sales by Region (Activity & Markets)
The Subject deals
with the companies in China, Indonesia and Japan.
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
2013 GAHAP67681 |
|
SY Tank Terminal CO., LTD.(110111-0626139) |
The Subject Company & Others(1) |
Claim for Inappropriate Profits |
100,000,000 |
Proceeding for Arbitration |
|
2015GUHAP55370 |
|
The Subject Company & Others(14) |
Minister of Environment |
Cancellation on Disposition |
50,000,000 |
Proceeding |
|
2017GAHAP509251 |
|
The Republic of Korea |
The Subject Company |
Claim for Inappropriate Profits |
24,720,398,120 |
Filed as of 02/16/2017 |
There are 5 cases
filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting 24,970,000,000 KRW including the above cases as of 12/31/2017.
News Clipping
-------------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.35 |
|
|
1 |
INR 92.70 |
|
Euro |
1 |
INR 80.80 |
|
KRW |
1 |
INR 0.061 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.