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MIRA INFORM REPORT
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Report No. : |
505438 |
|
Report Date : |
21.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
LG MMA CORPORATION |
|
|
|
|
Registered Office : |
58, Yeosusandan 4-ro, Yeosu-si,
Jeollanam-do, |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2017 |
|
|
|
|
Date of Incorporation : |
28.03.1991 |
|
|
|
|
Com. Reg. No.: |
417-81-05600 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
·
Export/Import Manufacture of Synthetic
Resin and Other Plastic Materials Methyl Methacrylate, Poly
Methylmethacrylate, Methacrylic Acid, MMA, PMMA ·
Wholesale of Industrial Basic
Chemicals |
|
|
|
|
No. of Employees : |
255 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
Basic
|
Company Name |
LG MMA CORPORATION |
|
Registered Address |
58, Yeosusandan 4-ro, Yeosu-si,
Jeollanam-do, Korea (Old Address System : 759, Jungheung-dong, Yeosu-si,
Jeollanam-do, Korea) |
|
Building |
|
|
Zip Code |
59613 |
|
Tel |
+82-61-688-2500 +82-61-688-2510 |
|
Fax |
+82-61-688-2565 +82-61-688-2539 |
|
E-mail |
lgmma@lgmma.com |
|
Website |
www.lgmma.com |
|
Trading Address |
23FL., Seoul Station Bldg., 98, Huam-ro,
Jung-gu, Seoul, Korea (Old Address System : 23FL., Seoul Station
Bldg., 631, Namdaemunno 5(o)-ga, Jung-gu, Seoul, Korea) |
|
Tel |
+82-2-6930-3800 |
|
Fax |
+82-2-3770-1209 |
|
Other Address-PMMA 1 Plant |
55, Yeosusandan 2-ro, Yeosu-si,
Jeollanam-do, Korea (Old Address System 70-1, Hwachi-dong,
Yeosu-si, Jeollanam-do, Korea) |
|
Tel |
+82-1-680-1721 |
|
Fax |
+82-61-680-6034 |
|
Other Address-PMMA 2 Plant |
497, Sandanjungang-ro, Yeosu-si,
Jeollanam-do, Korea (Old Address System 762-5, Jungheung-dong,
Yeosu, Jollanam-do, Korea) |
|
Tel |
+82-61-690-3952 |
|
Fax |
+82-61-690-3988 |
|
Other Address-MMA 2 Plant |
495, Sandanjungang-ro, Yeosu-si,
Jeollanam-do, Korea (Old Address System 762-4, Jungheung-dong, Yeosu-si,
Jeollanam-do, Korea) |
|
Tel |
+82-61-690-3931 |
|
Fax |
+82-61-690-3949 |
|
Other Address-MMA 3 Plant |
499, Sandanjungang-ro, Yeosu-si,
Jeollanam-do, Korea (Old Address System 762-6, Jungheung-dong,
Yeosu-si, Jeollanam-do, Korea) |
|
Tel |
+82-61-805-3813 |
|
Fax |
|
|
Other Address-R&D Center |
188, Munji-ro, Yuseong-gu, Daejeon, Korea (Old Address System 104-1, Munji-dong,
Yuseong-gu, Daejeon, Korea) |
|
Tel |
+82-42-866-5828 |
|
Fax |
+82-42-866-5799 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Synthetic Resin and Other
Plastic Materials |
|
Main Business |
Methyl Methacrylate, Poly
Methylmethacrylate, Methacrylic Acid, MMA, PMMA |
|
Sub
Business |
Wholesale of Industrial Basic Chemicals |
|
Established (mm/dd/yyyy) |
03/28/1991 |
Detailed
Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Acrylic resins(13111064) |
|
Sell |
Polymethylacrylate(13111053) |
|
Sell |
Chemistry reagents or solutions(41116105) |
|
Sell |
Resins(13111000) |
CEO’s
|
Name |
Na Sang-Up |
|
Date of Birth |
03/07/1958 |
|
Title |
President & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
24,000,000,000 |
|||||||||||||||
|
Employees |
255 |
|||||||||||||||
|
Formation |
Co., Ltd by shares A Company of LG Business Group Foreign Direct Investment Corporation by
Japan |
|||||||||||||||
|
Bank Details |
Shinhan Bank-Yoido Nam Branch Korea Development Bank Woori Bank KEB Hana Bank |
|||||||||||||||
|
Corporate Registered No. |
206211-0001805 |
|||||||||||||||
|
Business Registered No. |
417-81-05600 |
|||||||||||||||
|
Permit & Licenses |
12/27/2004 ISO 9001 10/12/2005 ISO 14001 10/29/2007 ISO 9001 2003 Acquired ISO/TS 16946 certification 1998 Won a certificate for an accident-free
record 1998 Became the certified first-class firm
in the safety and health control 1996 Acquired ISO 14001 Certificate 1995 Acquired ISO 9002 Certificate UL :Product safety testing and
certification system of the United States to ensure safety of products and
protect consumers. Products with UL mark can be sold in all over the America,
and can enter the US federal government procurement market as well. UL mark
is mandatory for a plastic resin applied to electric and electronic packing
material, and proper resin needs to be selected in manufacturing the product. JHPC :Certification of Japan High Polymer
Center RoHS :Restriction of Hazardous Substances
defined by European Union (EU), restricting the use of products containing
non-environmental friendly substances like cadmium, lead, mercury, hexavalent
chromium, and the brominated flame retardants PBBs/PBDEs. AMECA :Standard for automotive parts
material, released by AMECA (Automotive Manufacturers Equipment Compliance
Agency). Click LG MMA in the table of contents to see the certified products
and colors. MSDS :Data prepared by the company producing,
importing, or dealing with chemical substance, based on the hazard assessment
of the substance. It provides the employees and end users with the necessary
information to safely handle chemical substance to prevent industrial
accidents or occupational diseases caused by chemical substances. MSDS should
be delivered to the user when selling or transferring chemical substance.
CSDS (Chemical Safety Data Sheets), ICSC (International Chemical Safety
Cards), SDS (Safety Data Sheets) are alternate terms used to refer to the
same data. Int’l Trade No.: 124269 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
03/28/1991 Incorporated as LUCKY MMA
CORP.(a Joint-Venture with LG Chem CO., Ltd., Korea, and Sumitomo Chemical
Co., Ltd., Japan.) 04/1998 Moved its headquarters to 759,
Jungheung-Dong, Yeosu-Si, Jeonnam-Do 12/31/1998 Acquired PMMA Business from LG CHEM LTD.(110111-2207995) 04/16/2012 Moved to the present trading
address from 12th Fl., Yuhwa Securities Bldg., 23-7, Yeoeuido-dong, Yeongdeungpo-gu,
Seoul, Korea |
Detailed
Information
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
Co-President & CEO |
Park Jong-Il |
Korean |
12/05/1960 |
01/02/2018 |
|
Co-President & CEO |
Yamata Koichiro |
Japanese |
11/29/1955 |
03/16/2018 |
|
Director |
Sakamoto Soji |
Japanese |
12/25/1958 |
03/16/2018 |
|
Director |
Seo Joong-Sik |
Korean |
11/03/1968 |
03/16/2018 |
|
Director |
Yamada Kohichiro |
Japanese |
11/29/1955 |
03/19/2015 |
|
Director |
Park Jong-Hoon |
Korean |
02/18/1967 |
03/24/2016 |
|
Director |
Sohn Ok-Dong |
Korean |
08/05/1958 |
03/24/2016 |
|
Director |
Ito Shinichiro |
Japanese |
09/26/1968 |
05/29/2016 |
|
Auditor |
Kang In-Sik |
Korean |
04/27/1963 |
01/02/2014 |
|
Auditor |
Hujioka Satoshi |
Japanese |
06/05/1963 |
03/16/2018 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2017 |
692,333,115,029 |
644,279,015,610 |
123,096,355,728 |
|
2016 |
519,690,363,381 |
505,229,772,552 |
52,318,658,999 |
|
2015 |
513,428,166,295 |
505,909,835,670 |
62,133,844,405 |
|
2014 |
491,185,557,166 |
457,675,716,741 |
19,002,296,821 |
|
2013 |
524,445,437,215 |
485,687,203,989 |
19,145,386,689 |
|
2012 |
587,248,797,405 |
482,295,772,479 |
45,654,453,796 |
|
2011 |
638,420,801,122 |
555,700,104,956 |
119,227,173,783 |
|
2010 |
562,733,359,475 |
523,081,727,196 |
98,853,225,581 |
|
2009 |
461,342,873,337 |
502,790,052,605 |
55,097,544,357 |
|
2008 |
409,265,991,274 |
526,674,927,511 |
30,192,209,832 |
|
2007 |
326,463,195,624 |
457,737,104,391 |
33,996,100,837 |
|
2006 |
287,451,748,276 |
301,857,650,945 |
27,947,359,124 |
|
2005 |
269,608,331,403 |
270,478,758,222 |
45,385,171,955 |
|
2004 |
223,544,912,665 |
243,659,444,214 |
39,799,167,163 |
|
2003 |
192,878,098,749 |
218,047,327,087 |
27,600,147,954 |
Financial
Description
|
Authorized Capital(KRW) |
24,000,000,000 |
|
Paid-Up Capital(KRW) |
24,000,000,000 |
|
Total Issues Shares |
2,400,000 |
|
Balance
Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Total
Assets |
644,279,015,610 |
505,229,772,552 |
505,909,835,670 |
|
Current
Assets |
486,692,812,322 |
348,741,494,639 |
325,015,798,369 |
|
Cash
& Cash Equivalents |
146,277,169,884 |
66,747,613,680 |
197,599,567,334 |
|
Trade
Receivables |
86,421,915,194 |
67,947,223,444 |
57,233,245,523 |
|
Other
Receivables |
167,711,761,049 |
147,548,597,618 |
1,474,711,619 |
|
Other
Current Assets |
3,234,732,076 |
3,368,677,872 |
3,700,639,897 |
|
Inventories |
83,047,234,119 |
63,129,382,025 |
65,007,633,996 |
|
Non-Current
Assets |
157,586,203,288 |
156,488,277,913 |
180,894,037,301 |
|
Long-Term
Trade Receivables & Other Receivables |
6,259,085,731 |
6,138,297,348 |
6,514,486,425 |
|
Deferred
Income Tax Assets |
1,139,536,220 |
1,610,294,250 |
2,656,745,980 |
|
Tangibles |
147,708,384,403 |
146,570,389,003 |
169,232,294,575 |
|
Intangibles |
2,479,196,934 |
2,169,297,312 |
2,490,510,321 |
|
Total
Liabilities |
128,074,501,998 |
70,459,472,465 |
81,174,668,482 |
|
Current
Liabilities |
125,357,616,387 |
66,391,577,164 |
75,308,340,185 |
|
Trade
Payables |
36,096,027,322 |
24,896,151,138 |
22,154,311,172 |
|
Other
Payables |
39,106,337,238 |
16,620,756,553 |
16,680,107,853 |
|
Short-Term
Borrowings |
10,480,222,107 |
11,574,324,731 |
12,752,984,806 |
|
Accrued
Income Tax |
31,196,609,637 |
7,379,607,086 |
17,418,960,879 |
|
Other
Current Liabilities |
8,478,420,083 |
5,920,737,656 |
6,301,975,475 |
|
Non-Current
Liabilities |
2,716,885,611 |
4,067,895,301 |
5,866,328,297 |
|
Confirmed
Salaries |
1,099,958,257 |
2,399,792,206 |
4,157,034,092 |
|
Provision
for Severance & Retirement |
1,616,927,354 |
1,668,103,095 |
1,709,294,205 |
|
Capital
Stock |
24,000,000,000 |
24,000,000,000 |
24,000,000,000 |
|
Capital
Surplus |
29,041,064,441 |
29,041,064,441 |
29,041,064,441 |
|
Profit
Surplus |
463,163,449,171 |
381,729,235,646 |
371,694,102,747 |
|
Total
Equity |
516,204,513,612 |
434,770,300,087 |
424,735,167,188 |
|
Liab.
& Shareholder’s Equity |
644,279,015,610 |
505,229,772,552 |
505,909,835,670 |
|
Income
Statement |
|||
|
Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Sales |
692,333,115,029 |
519,690,363,381 |
513,428,166,295 |
|
Cost
of Sold Goods |
508,423,791,627 |
431,542,428,695 |
409,771,232,413 |
|
Gross
Profit |
183,909,323,402 |
88,147,934,686 |
103,656,933,882 |
|
Selling
& Admin. Expenses |
23,930,538,606 |
22,452,399,734 |
23,581,225,317 |
|
Operating
Income |
159,978,784,796 |
65,695,534,952 |
80,075,708,565 |
|
Non-Operating
Profits |
1,929,087,633 |
2,237,873,631 |
2,397,012,164 |
|
Other Income |
4,668,524,043 |
5,551,589,592 |
4,256,543,217 |
|
Other Expenses |
4,743,625,447 |
5,988,814,697 |
4,426,151,221 |
|
Finance Income |
4,388,239,801 |
3,852,923,622 |
2,850,209,134 |
|
Finance Expenses |
2,384,050,764 |
1,177,824,886 |
283,588,966 |
|
Income
Before Taxes |
161,907,872,429 |
67,933,408,583 |
82,472,720,729 |
|
Income
Taxes Expenses |
38,811,516,701 |
15,614,749,584 |
20,338,876,324 |
|
Net
Income |
123,096,355,728 |
52,318,658,999 |
62,133,844,405 |
|
Cash
Flows |
|||
|
Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Operating
Activities Cash Flows |
170,061,673,816 |
67,647,111,426 |
121,550,778,663 |
|
Cash
Flows from Operating |
180,830,402,153 |
90,465,446,274 |
123,367,583,343 |
|
Interests
Received |
4,084,876,228 |
1,861,043,870 |
2,844,368,890 |
|
Interests
Paid |
-221,983,555 |
-162,245,960 |
-138,411,714 |
|
Income
Taxes |
-14,631,621,010 |
-24,517,132,758 |
-4,522,761,856 |
|
Cash
Flows from Investing |
-47,148,008,978 |
-154,922,220,734 |
43,445,753,773 |
|
Cash
Inflow from Investing |
302,656,850,483 |
2,175,190,967 |
63,458,779,099 |
|
Cash
Outflows for Investing |
-349,804,859,461 |
-157,097,411,701 |
-20,013,025,326 |
|
Cash
Flows from Financing |
-42,795,692,610 |
-43,614,076,968 |
-30,436,076,873 |
|
Cash
Inflows from Financing |
- |
- |
- |
|
Cash
Outflows from Financing |
-42,795,692,610 |
-43,614,076,968 |
-30,436,076,873 |
|
Increase/Decrease
in Cash |
80,117,972,228 |
-130,889,186,276 |
134,560,455,563 |
|
Cash
at the Beginning of Year |
66,747,613,680 |
197,599,567,334 |
63,039,111,771 |
|
Cash
at the End of Year |
146,277,169,884 |
66,747,613,680 |
197,599,567,334 |
Products,
Technologies, Services Description
|
Main Products & Services |
METHYL METHACRYLATE(MMA) POLY METHYLMETHACRYLATE(PMMA) METHACRYLIC ACID(MAA) MMA Subject company produced MMA for the first time
in Korea in 1993. MMA is widely used in various industries as a raw material
for transparent plastic resins such as PMMA, optical fiber materials, paints
and adhesives. PMMA MMA is used for the automotive industry,
components of electric and electronic products, and construction materials
for its excellent transparency, weatherability and colorability. Our products
are well recognized worldwide for their excellency: they meet the various
international standards, which include the flame retardant standard from UL
and CSA, the AMECA standard for automotive vehicles, and the JHPC directive
of the Ministry of Health in Japan. |
|
Detailed Products Spec. |
MMA: 100,000 M/T PMMA : 90,000 M/T |
|
Technologies Acquired |
|
Trade
Partners & Competitors
|
Suppliers |
LG CHEM
LTD.(110111-2207995) LG PETROCHEM. CO., LTD. CS CALTEX CORPORATION LG CNS CO., LTD. LG INTERNATIONAL CORP. GS ENGINEERING & CONSTRUCTION CORP. SHINHAN APEX CORPORATION |
|
Customers |
LG CHEM
LTD.(110111-2207995) LG PETROCHEM. CO., LTD. LG INTERNATIONAL CORP. GS ENGINEERING & CONSTRUCTION CORP. |
|
Competitors |
|
Related
Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
LG CORP.(110111-0003543) LG ELECTRONICS INC.(110111-2487050) LG CHEM
LTD.(110111-2207995) LG DACOM CORPORATION(110111-0315948) LG INTERNATIONAL CORP(110111-0004632) LG CHEM LTD.(110111-2207995) LG HOUSEHOLD & HEALTH CARE
LTD.(110111-2208000) LG LIFE SCIENCES CO., LTD.(110111-2581183) LG DISPLAY CO., LTD.(110111-0393134) LG TELECOM CO., LTD.(110111-1296676) LG INNOTEK CO., LTD.(110111-0192180) LG MICRON LTD.(175311-0001075) LG DOW POLYCARBONATE CO.,
LTD.(206211-0014519) LG CNS CO., LTD.(110111-0516695) LG SPORTS CO., LTD.(110111-0359300) LG MANAGEMENT DEVELOPMENT INSTITUTE CO.,
LTD.(110111-0423494) SILTRON INCORPORATED(175311-0001348) LG MMA CORPORATION(206211-0001805) DACOM MULTIMEDIA INTERNET
CORPORATION(110111-1905441) DACOM CROSSING CORPORATION(110111-2234683) SERVEONE(110111-2411520) LG N SYS CO., LTD.(110111-2397027) HIPLAZA CO., LTD.(131111-0028801) LG POWERCOM CORPORATION(110111-1863889) HI BUSINESS LOGISTICS CO.,LTD. V-ENS CO., LTD.(120111-0334897) LUSEM CO., LTD.(176011-0038073) CS LEADER CO., LTD.(110111-2271924) AIN TELE SERVICE CO., LTD.(180111-0367581) BIZ TECH & EKTIMO CO.,
LTD.(110111-2689507) LG SOLAR ENERGY INC.(110111-3759408) COCA-COLA BEVERAGE CO.,
LTD.(110111-1342130) UCESS PARTNERS CO., LTD.(110111-3798026) SYSTEM AIR-CON ENGINEERING
INCORPORATION(110111-3371989) JIHEUNG CO., LTD.(180111-0630053) CS ONE PARTNER CORPORATION(110111-3961756) SEETECH CO., LTD. TWIN WINE CO., LTD.(110111-3791129) KOREA COMMERCIAL VEHICLE CO.,
LTD.(200111-0105200) GIOVINE CO., LTD.(110111-3942714) PIXDIX CO., LTD.(110111-3947657) |
|
Affiliates-Overseas |
LG INNOTEK HUIZHOU CO.,LTD SERVEONE(NANJING) COMPANY LIMITED ARCELIC-LG KLIMA SANAYI VE TICARTE
A.S(LGEAT) BEIJING LG HOUSEHOLD CHEMICAL CO., LTD. CCKBC(NETHERLANDS)HOLDING Ⅰ BV CCKBC(NETHERLANDS)HOLDING Ⅱ BV COMPACT POWER INC. DACOM AMERICA INC. DE ZWARTE PONK B.V.(DZP) EIC PROPERTIES PTE.LTD. ELECTROMAGNETICA GOLDSTAR S.R.L EPC MUNAI LLP FOSCO B.V. GFTZ LG INTERNATIONAL LTD. GLOBAL PROFESSIONAL SOURCING CO., LTD GUANGZHOU NEW VISION TECHNOLOGY RESEARCH
AND DEVELOPMENT LIMITED HANGZHOU LG COSMETICS CO., LTD. HI LOGISTICS CHINA HI LOGISTICS EUROPE B.V. LANCHAO LG(YANTAI)DIGITAL MOBILE TECH&
DEVELOP.CO. INSPUR LG DIGITAL MOBILE COMMUNICATIONS
CO., LTD. LG (TIMOR SEA 06-102) LTD LG (YANTAI) INFORMATION & COMMUNICATION
TECH. LG ALINA ELECTONICS(LGERI) LG CHEM BRASIL INTERMEDICAO DE NEGOCIOS DO
SETOR QUIMICO LTDA. LG CHEM DISPLAY MATERIAL CO., LTD LG CHEM EUROPE GMBH LG CHEM INDUSTRIAL MATERIALS INC. LG CHEM POLAND SP. Z O. O. LG CHEM TAIWAN, LTD. LG CHEM(CHINA)INVESTMENT CO.,LTD. LG CHEM(NANJING) INFO & ELECTRONIC
MATERIALS CO. LTD LG CHEM(TIANJIN) ENGINEERING PLASTICS CO.,
LTD LG CHEMICAL AMERICA INC. LG CHEMICAL HONG KONG LTD. LG CHEMICAL INDIA PRIVATE LTD. LG CHEMICAL TRADING CO., LTD LG CHEMICAL(GUANGZHOU) ENGINEERING PLASTICS
CO.,LTD LG CNS AMERICA, INC LG CNS BRASIL SERVICOS DE T.I.LTDA LG CNS CHINA, INC LG CNS EUROPE B.V LG CNS GLOBAL PRIVATE LIMITED |
|
Affiliates-Overseas |
LG ELECTRONICS RUS-MARKETING, LLC LG ELECTRONICS S.A.(PTY) LTD. (LGESA) LG ELECTRONICS SINGAPORE PTE LTD LG ELECTRONICS TAIWAN TAIPEI CO., LTD. LG ELECTRONICS THAILAND CO.,LTD.(LGETH) LG ELECTRONICS TIANJIN APPLIANCES CO., LTD. LG ELECTRONICS TICARET A.S LG ELECTRONICS UKLAINE LG ELECTRONICS UNITED KINGDOM LTD. (LGEUK) LG ELECTRONICS USA INC. (LGEUS) LG ELECTRONICS VIETNAM LTD. (LGESV) LG ELECTRONICS WALES LTD. (LGEWA) LG ELECTRONICS WROCLAW SP. ZO.O LG ELECTRONICS(CHINA) RESEARCH AND
DEVELOPMENT CENTER CO., LTD LG H&H TRADING(SHANGHAI) CO.LTD. LG HOLDINGS LTD. (LGHK) LG HOUSEHOLD & HEALTH CARE AMERICA, INC LG INNOTEK MEXICALI S.A. DE C.V LG INNOTEK POLAND SP. ZO.O. LG INNOTEK USA INC. LG INNOTEK YANTAI CO., LTD LG INTERNATIONAL AMERICA INC. LG INTERNATIONAL CORP.(SINGAPORE) PTE. LTD. LG INTERNATIONAL JAPAN LTD. LG INTERNATIONAL INVESTMENT (CANADA) LTD. LG INTERNATIONAL SAUDI LLC LG INTERNATIONAL (AUSTRALIA) PT'S, LTD. LG INTERNATIONAL(DEUTCHLAND) GMBH LG INTERNATIONAL(HK) LIMITED LG INTERNATIONAL (U.K.) LTD. LG LIFE SCIENCES INDIA PVT,LTD LG LIFE SCIENCES POLAND, LTD LG MICRON(FUJIAN) ELECTRONICS CO.,LTD LG MICRON (TAIWAN) LTD. LG MITR ELECTRONICS CO., LTD. (LGEMT) LG PHILIPS LCD AMERICA INC. LG PHILIPS LCD GERMANY GMBH LG PHILIPS LCD HONGKONG CO.,LTD LG PHILIPS LCD JAPAN CO.LTD. LG PHILIPS LCD NANJING CO. LTD LG.PHILIPS LCD SHENZEN CO., LTD. LG PHILIPS LCD TAIWAN CO. LTD. (LGPLT) |
|
Affiliates-Overseas |
LG CNS JAPAN, INC LG CNS PHILIPINES, INC LG ELCTRONICS NORWAY AS LG ELECTONICS HUIZHOU LTD. LG ELECTRONICS (KUNSHAN) COMPUTER CO., LTD. LG ELECTRONICS (LEVANT) - JORDAN LG ELECTRONICS (NANJING) PLASMA CO., LTD LG ELECTRONICS (SHENYANG) INC.(LGESY) LG ELECTRONICS AFRICA LOGISTICS FZE LG ELECTRONICS ALAMABA, INC. (LGEAI) LG ELECTRONICS ALMATY KAZAK CO.,
LTD.(LGEAK) LG ELECTRONICS ARGENTINA S.A.(LGEAR) LG ELECTRONICS AUSTRALIA PTY., LTD. (LGEAP) LG ELECTRONICS AUSTRIA GMBH LG ELECTRONICS BENELUX SALES B.V. LG ELECTRONICS CANADA,INC. (LGECI) LG ELECTRONICS CHINA CO., LTD. (LGECH) LG ELECTRONICS COLOMBIA, LTDA.(LGECB) LG ELECTRONICS CZECH S.R.O. LG ELECTRONICS DA AMAZONIA LTDA (LGEAZ) LG ELECTRONICS DE SAO PAULO LTDA. (LGESP) LG ELECTRONICS DEUTSCHLAND.GMBH. (LGEDG) LG ELECTRONICS EGYPT CARIO S.A.E (LGEEC) LG ELECTRONICS EGYPT S.A.E. (LGEEG) LG ELECTRONICS ESPANA S.A. (LGEES) LG ELECTRONICS EUROPEAN HOLDINGS B.V. LG ELECTRONICS EUROPEAN LOGISTICS &
SERVICES B.V. LG ELECTRONICS EUROPEAN SHARED SERVICE
CENTER B.V. LG ELECTRONICS FRANCE S.A.R.L. LG ELECTRONICS GULF FZE (LGEGF) LG ELECTRONICS HELLAS S.A LG ELECTRONICS HK LTD.(LGEHK) LG ELECTRONICS INC. CHILE LIMITADA LG ELECTRONICS INDIA (PVT.) LTD. (LGEIL) LG ELECTRONICS ITALY S.P.A. (LGEIS) LG ELECTRONICS JAPAN INC. (LGEJP) LG ELECTRONICS JIT EUROPE B.V LG ELECTRONICS LATVIA LLC LG ELECTRONICS MAGYAR KFT. (LGEMK) LG ELECTRONICS MALAYSIA SDN. BHD.(LGEML) LG ELECTRONICS MEXICALI, S. A. DE C. V.
(LGEMX) LG ELECTRONICS MEXICO S.A. DE C.V (LGEMS) LG ELECTRONICS MIDDLE EAST CO., LTD. LG ELECTRONICS MLAWA SP.ZO.O (LGEMA) LG ELECTRONICS MOBILE RESEARCH U.S.A. LLC
(LGEMR) LG ELECTRONICS MOBILECOMM FRANCE S.A.S LG ELECTRONICS MOBLECOMM U.S.A.,
INC.(LGEMU) LG ELECTRONICS MONTERREY MEXICO S.A. DE
C.V. LG ELECTRONICS MOROCCO SARL(LGEMC) LG ELECTRONICS NANJING DISPLAY CO.,LTD LG ELECTRONICS(HANGZHOU) RECORDING MEDIA
CO., LTD LG ELECTRONICS NIGERIA LIMITED(LGENI) |
|
Affiliates-Overseas |
LG ELECTRONICS NORDIC AB LG ELECTRONICS OVERSEAS TRADING FZE LG ELECTRONICS PANAMA S.A. (LGEPS) LG ELECTRONICS PERU S.A. (LGEPR) LG ELECTRONICS PHILIPPINES, INC. (LGEPH) LG ELECTRONICS POLSKA SP.ZO.O (LGEPL) LG ELECTRONICS PORTUGAL S.A. LG ELECTRONICS QINHUANGDAO CO.,LTD(LGEQH) LG ELECTRONICS RAYNOSA, S.A.DE C.V(LGERS) LG ELECTRONICS ROMANIA S.R.L LG ELECTRONICS RUS.LLC LG PROPERTIES PTE. LTD. LG SOFT INDIA PVT LTD.(LGSI) LG SOLID SOURCE, LLC LG VINA CHEMICAL J/V COMPANY LG VINA COSMETICS LG.PHILIPS LCD GUANGZHOU CO., LTD.(LPLGZ) LG.PHILIPS LCD POLAND SP. Z O.O. LG.PHILIPS LCD SHANGHAI CO., LTD. LG-SHAKER CO.,LTD MONGOLIA RESOURCES INVESTMENT LIMITED NAKHODKA FEZ TELECOMMUNICATIONS
CO.LTD.(ROKOTEL) NANJING LG INTERNATIONAL VMI LTD.CO. NANJING LG PANDA APPLIANCES CO., LTD.
(LGEPN) NINGBO LG YONGXING CHEMICAL CO., LTD. PHILCO RESOURCES LIMITED PT LG CNS INDONESIA PT LG ELECTRONICS INDONESIA (LGEIN) PT. BATUBARA GLOBAL ENERGY PT. GOLDEN HYUNDAI MACHINERY(PT.GHM) PT. KIMCO ENERGY UTAMA PT. LG INNOTEK INDONESIA PT. TUTUI BATUBARA UTAMA QINGDAO LG INSPUR DIGITAL COMMUNICATION
CO., LTD. RESOURCES INVESTMENT (H.K) LIMITED SHANGHAI LG ELECTRONICS CO., LTD.
(LGESH) SILTRON AMERICA, INC. TAIZHOU LG ELECTRONIC REFRIGERATION
CO.LTD(LGETR) TIANJIN LG BOHAI CHEMICL CO.,LTD. TIANJIN LG DAGU CHEMICAL CO., LTD. TIANJIN LG NEW BUILDING MATERIALS CO., LTD. TRIVENI DIGITAL INC. V-ENS (M) SDN. BHD. ZENITH ELECTRONICS CO. (ZENITH) SUMITOMO CHEMICAL SINGAPORE PTE LTD. |
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
|
|
Corporate Ownership |
LG CORP.(110111-0003543) SUMITOMO CHEMICAL CO., LTD. (JAPAN) JAPANESE INTEGRATED CHEMICAL COMPANIES
(JAPAN) |
|
Major Shareholders |
LG CORP.(110111-0003543) SUMITOMO CHEMICAL CO., LTD. (JAPAN) JAPANESE INTEGRATED CHEMICAL COMPANIES
(JAPAN) |
|
Cooperative Enterprise |
-Technical Support from SUMITOMO CHEMICAL CO., LTD.(JAPAN) -Brand Using Agreement with LG CORP.(110111-0003543) -Insured Company LIG INSURANCE CO., LTD(110111-0017859) |
Sales
by Region (Activity & Markets)
|
Sales/ Unit : KRW |
2009 |
2008 |
2007 |
|
Export |
348,174,887,451 |
301,057,053,116 |
238,043,592,088 |
|
Domestic |
112,390,164,231 |
106,339,754,168 |
87,222,336,577 |
|
Others |
777,821,655 |
1,869,183,990 |
1,197,266,959 |
|
Total |
461,342,873,337 |
409,265,991,274 |
326,463,195,624 |
Court
Action
No.
News
Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.02 |
|
|
1 |
INR 92.73 |
|
Euro |
1 |
INR 81.46 |
|
KRW |
1 |
INR 0.062 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
TRU |
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.