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MIRA INFORM REPORT
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Report No. : |
483478 |
|
Report Date : |
01.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
KUMHO
PETROCHEMICAL CO., LTD |
|
|
|
|
Registered Office : |
100, Cheonggyecheon-Ro, Jung-Gu, Seoul, Korea |
|
|
|
|
Country : |
South Korea |
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|
|
|
Financials (as on) : |
31.03.2017 |
|
|
|
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Date of Incorporation : |
10.12.1970 |
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|
|
|
Com. Reg. No.: |
102-81-31147 |
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|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
·
Manufacture of Synthetic Rubber. (Latex, Polystyrene, Expanded Polystyrene Foam,
Polyprophylene Glycol) ·
Manufacture of Synthetic Resin and
Other Plastic Materials. |
|
|
|
|
No. of Employees : |
1,272 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
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 2016, the economy experienced slow growth – 2%-3% per year - due to sluggish domestic consumption, a drop in foreign demand for South Korean exports, increased competition from regional rivals such as China and Japan, and declining investment. The administration in 2016 faced the challenge of balancing heavy reliance on exports with domestic restructuring efforts in the country’s shipbuilding and shipping industries.
The South Korean economy's short-term challenges include a potential loss of consumer confidence due to issues with its mobile phone industry, as well as uncertainty stemming from a tumultuous domestic political situation. In the long-term, South Korea must deal with a rapidly aging population, inflexible labor market, dominance of large conglomerates (chaebols), and the heavy reliance on exports, which comprise more than 40% of GDP. South Korea’s low overall unemployment rate masks problems with high youth unemployment, low worker productivity, high labor underutilization, and low female participation in the workforce. The government has tried to implement structural reforms, but continues to face significant headwind from vested interests. Finally, the country could eventually face an unprecedented financial burden in the event the unification of the Korean Peninsula were to occur
|
Source
: CIA |
Basic
Information
|
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 |
10~14FL., Signature Towers East Annex |
|
Zip Code |
04542 |
|
Tel |
+82-2-6303-0114 |
|
Fax |
+82-2-6303-3329 |
|
E-mail |
webmaster@kkpc.com;imskim@kkpc.com |
|
Website |
www.kkpc.com |
|
Trading Address |
10~14FL., Signature Towers East
Annex, 100, Cheonggyecheon-ro, Jung-gu, Seoul, Korea (Old Address System :
10~14FL., 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) |
12/10/1970 |
Detailed
Products
|
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) |
CEO’s
|
Name |
Park Chan-Koo |
|
Date of Birth |
08/13/1945 |
|
Title |
Chairman & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
167,455,885,000 |
||||||||||||||||||||||||||||||
|
Employees |
1,272 |
||||||||||||||||||||||||||||||
|
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 |
||||||||||||||||||||||||||||||
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Corporate Registered No. |
110111-0205975 |
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Business Registered No. |
102-81-31147 |
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Permit & Licenses |
05/1994 ISO 9001 08/1995 ISO 14001 Int’l Trade No.: 852818 |
||||||||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||||||||
|
Company History |
09/01/2012
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) 12/08/2011 Increased capital
to 167,455,885,000 KRW from
165,980,740,000 KRW 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. 01/2001 Merged with Kumho
Chemicals, Inc. 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. 12/10/1970 Incorporated as
Korea Synthetic Rubber Industries Co., Ltd. |
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
Chairman & CEO |
Park Chan-Koo |
Korean |
08/13/1945 |
05/20/2013 |
|
President & CEO |
Kim Sung-Chae |
Korean |
05/20/1952 |
03/22/2013 |
|
Outside Director / Auditor |
Jung Jin-Ho |
Korean |
12/17/1954 |
05/20/2013 |
|
Outside Director / Auditor |
Lee Yong-Man |
Korean |
08/29/1933 |
02/25/2011 |
|
Outside Director |
Chang Myung-Ki |
Korean |
08/29/1951 |
03/20/2015 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
1,109,646,247,307 |
3,579,357,721,368 |
52,039,717,180 |
|
|
2016 |
3,138,617,263,318 |
3,429,122,567,395 |
29,416,871,433 |
|
2015 |
3,159,552,412,488 |
3,133,195,697,618 |
77,469,140,616 |
|
2014 |
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 |
Financial
Description
|
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 |
01/01/2017~03/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Total Assets |
3,579,357,721,368 |
3,429,122,567,395 |
3,133,195,697,618 |
|
Current Assets |
1,120,252,195,145 |
965,647,793,830 |
709,846,885,322 |
|
Inventories |
510,633,018,965 |
356,944,596,242 |
299,457,983,973 |
|
Trade Receivables |
466,059,700,514 |
384,761,194,948 |
338,184,979,705 |
|
Current Financial Instruments |
62,506,647,437 |
53,031,191,717 |
31,845,300,608 |
|
Cash & Cash Equivalents |
74,639,593,236 |
166,412,168,671 |
2,922,287,224 |
|
Assets to be Sold |
0 |
|
28,000,000,000 |
|
Other Current Assets |
6,413,234,993 |
4,498,642,252 |
9,436,333,812 |
|
Non-Current Assets |
2,459,105,526,223 |
2,463,474,773,565 |
2,423,348,812,296 |
|
Tangibles |
1,756,240,871,030 |
1,786,488,159,209 |
1,760,931,788,102 |
|
Intangibles |
12,835,335,851 |
12,814,388,568 |
11,594,680,629 |
|
Investment_Related Companies |
413,533,873,336 |
413,533,873,336 |
397,662,598,876 |
|
Non-Current Financial Instruments |
265,553,619,128 |
230,889,423,222 |
224,986,324,321 |
|
Deferred Income Tax Assets |
10,156,105,838 |
18,963,208,190 |
19,950,698,950 |
|
Other Non-Current Assets |
785,721,040 |
785,721,040 |
8,222,721,418 |
|
Total Liabilities |
2,284,598,555,494 |
2,192,757,528,701 |
1,925,480,709,178 |
|
Current Liabilities |
1,853,993,873,982 |
1,846,205,170,639 |
1,300,377,714,318 |
|
Derivatives |
6,386,059,893 |
|
|
|
Trade Payables & Other Payables |
484,167,360,871 |
488,048,925,671 |
357,420,321,396 |
|
Short-Term Borrowings |
1,337,813,798,739 |
1,335,675,609,910 |
918,055,902,377 |
|
Accrued Income Tax |
20,229,723,099 |
10,146,802,708 |
12,150,319,759 |
|
Current Portion of Provisions |
0 |
|
6,474,353,506 |
|
Other Current Liabilities |
5,396,931,380 |
12,333,832,350 |
6,276,817,280 |
|
Non-Current Liabilities |
430,604,681,512 |
346,552,358,062 |
625,102,994,860 |
|
Long-Term Trade Payables & Other Long-Term Payables |
4,343,851,101 |
4,431,686,931 |
3,389,269,094 |
|
Long-Term Borrowings |
386,943,978,431 |
309,480,491,106 |
574,088,439,594 |
|
Confirmed Salaries |
38,044,193,437 |
31,712,394,791 |
45,795,617,976 |
|
Other Non-Current Financial Debts |
147,486,510 |
119,820,225 |
756,479,992 |
|
Derivatives |
1,125,172,033 |
807,965,009 |
1,073,188,204 |
|
Capital Stock |
167,455,885,000 |
167,455,885,000 |
167,455,885,000 |
|
Others |
281,481,395,263 |
253,159,521,478 |
242,563,382,646 |
|
Profit Surplus |
845,821,885,611 |
815,749,632,216 |
797,695,720,794 |
|
Total Equity |
1,294,759,165,874 |
1,236,365,038,694 |
1,207,714,988,440 |
|
Liab. & Shareholder’s Equity |
3,579,357,721,368 |
3,429,122,567,395 |
3,133,195,697,618 |
|
Income
Statement |
|||
|
Unit : Korean Won |
01/01/2017~03/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Sales |
1,109,646,247,307 |
3,138,617,263,318 |
3,159,552,412,488 |
|
Cost of Sold Goods |
1,025,652,998,370 |
2,858,105,087,251 |
2,867,846,405,747 |
|
Gross Profit |
83,993,248,937 |
280,512,176,067 |
291,706,006,741 |
|
Selling & Admin. Expenses |
33,367,612,676 |
147,262,107,612 |
147,406,908,275 |
|
Operating Income |
50,625,636,261 |
133,250,068,455 |
144,299,098,466 |
|
Other Income |
23,723,396,592 |
60,641,749,256 |
49,183,378,658 |
|
Other Expenses |
21,766,239,416 |
94,674,159,790 |
39,519,856,866 |
|
Finance Income |
43,887,886,592 |
32,858,048,682 |
37,844,377,984 |
|
Finance Expenses |
30,708,753,834 |
86,046,338,281 |
92,443,575,613 |
|
Income Before Taxes |
65,761,926,195 |
46,029,368,322 |
99,363,422,629 |
|
Income Taxes Expenses |
13,722,209,015 |
16,612,496,889 |
21,894,282,013 |
|
Net Income |
52,039,717,180 |
29,416,871,433 |
77,469,140,616 |
|
Cash
Flows |
|||
|
Unit : Korean Won |
01/01/2017~03/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Operating Activities Cash Flows |
-181,889,118,879 |
232,755,306,489 |
357,638,375,434 |
|
Cash Flows from Operating |
-171,514,035,925 |
291,456,693,888 |
435,058,721,016 |
|
Interests Received |
198,778,426 |
604,024,493 |
1,995,663,193 |
|
Interests Paid |
-12,684,077,237 |
-46,838,496,905 |
-52,561,974,840 |
|
Dividends Received |
6,025,444,800 |
12,090,621,255 |
10,481,047,482 |
|
Income Taxes |
-3,915,228,943 |
-24,557,536,242 |
-37,335,081,417 |
|
Cash Flows from
Investing |
-17,104,466,164 |
-181,154,946,868 |
-250,586,960,450 |
|
Cash Flows from
Financing |
107,679,265,313 |
111,839,034,521 |
-263,559,235,477 |
|
Increase/Decrease in
Cash |
-91,772,575,435 |
163,489,881,447 |
-156,511,938,086 |
|
Cash at the Beginning
of Year |
166,412,168,671 |
2,922,287,224 |
159,434,225,310 |
|
Cash at the End of
Year |
74,639,593,236 |
166,412,168,671 |
2,922,287,224 |
Products, Technologies, Services
Description
|
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 |
|
Trade Partners & Competitors
|
Suppliers |
KOREA NATIONAL OIL CORPORATION(114671-0001753) NIPPON STEEL & SUMIKIN CHEMICAL CO.,LTD.(JAPAN) |
|
Customers |
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) HYDIS TECHNOLOGIES CO., LTD.(134411-0022490) |
|
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 |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
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) KUMHO TRADING CO., INC.(110111-2079641) KUMHO TERMINAL CO.,
LTD.(200111-0231418) AIR BUSAN CO.,
LTD.(180111-0605121) ASIANA AIRLINES
INC.(110111-0562804) (14.61% held by the subject
company) YEOSU PETROCHEMICAL LOGISTICS CORPORATION(206211-0032909) (22.20% held
by the subject company) YEONGGWANG BAEKSU WIND POWER CO., LTD.(200111-0366942) (51.00% held
by the subject company) KUMHO BUSLINES CO.,
LTD.(200111-0331309) SONGNISAN EXPRESS CO., LTD.(150111-0000286) KUMHO TOUR BUSLINES CO., LTD.(110111-5345734) ASIANAIDT, INC.(110111-0801848) ASIANA ABACUS ,
INC.(110111-3010925) ASIANA DEVELOPMENT, INC.(110111-1412496) KUMHO ASIANA MAIN TOWER CO., INC.(110111-3207712) CHUNGJUBORAMAE CO., LTD.(110111-3348524) ASIANA AIRPORT. INC(110111-0562713) KA CO.,LTD.(110111-4981191) KF CO.,LTD.(110111-4978403) KG CO., LTD(204311-0022273) KI CO., LTD.(200111-0356084) KO CO.,LTD.(110111-5655505) KR CO.,LTD.(120111-0749731) KR SOLAR CO., LTD.(110111-5223964) |
|
Overseas Office |
JAKARTA OFFICE SHENZHEN OFFICE GUANGZHOU OFFICE SHANGHAI OFFICE LA OFFICE |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
KUMHO POLYCHEM CO., LTD.(110111-0400533) (50.0% held by the subject company) KUMHO MITSUI CHEMICALS, INS.(110111-0612980) (50.0% held by the subject company) |
|
Subsidiary |
KUMHO P&B CHEMICALS, INC.(206211-0018313) (78.20% held by the subject company) KUMHO TIRE CO., INC.(110111-2810590) (46.95% held by the subject company) KUMHO PETRO HOLDINGS CO.,
LTD.(CHINA) (100.0% held
by the subject company) KUMHO TERMINAL AND LOGISITICS COMPANY(206211-0039707) (95.00% held
by the subject company) KOREA ENERGY POWER PLANT CO., LTD.(110111-4881218) (96.13% held
by the subject company) YEONGGWANG BAEKSU WIND POWER CO., LTD.(200111-0366942) (51.00% held by the subject company) KUMHO TERMINAL AND LOGISITICS COMPANY(206211-0039707) (95.00% held by the subject company) KR SOLAR CO., LTD.(110111-5223964) KANGWON SCHOOLSOLR CO., LTD.(140111-0054920) KUMHO RAC CO., LTD.(110111-0513253) KUMHO TRADING CO., INC.(110111-2079641) |
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
-Insured Company DONGBU INSURANCE CO., LTD.(110111-0095285) |
Sales
by Region (Activity & Markets)
|
Sales/ Unit :Mil KRW |
09/2016 |
2015 |
2014 |
|
Export |
1,447,715 |
1,998,606 |
2,396,412 |
|
Domestic |
822,380 |
1,160,946 |
1,370,580 |
|
Total |
2,270,095 |
3,159,552 |
3,766,992 |
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.
Court
Action
|
Case
No. |
Court |
Plaintiff(s)/ Creditor(s)/
Applicant(s) |
Defendant(s)/ Debtor(s)/
Respondent(s) |
Cause |
Amount
(KRW) |
Status |
|
2015NA 2046032 |
Seoul High Court |
KUMHO INDUSTRIAL CO., LTD.(110111-0134877) |
The Subject Company & KUMHO P&B CHEMICALS,
INC.(206211-0018313) & KUMHO TRADING CO., INC.(110111-2079641) |
Requesting of License Fee |
23,800,000,000 |
07/17/2015 The Subject won at 1st round. 2nd round is proceeding as of 08/07/2015 Arbitration is proceeding as of 07/11/2016 |
News
Clipping
-------------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.93 |
|
|
1 |
INR 86.07 |
|
Euro |
1 |
INR 76.39 |
|
KRW |
1 |
INR 0.060 |
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.