|
|
|
MIRA
INFORM REPORT
|
Report No. : |
517158 |
|
Report Date : |
26.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
TORAY CHEMICAL KOREA INC. |
|
|
|
|
Formerly Known As : |
WOONGJIN CHEMICAL CO., LTD |
|
|
|
|
Registered Office : |
102, Gumi-Daero, Gumi-Si,
Gyeongsangbuk-Do, Korea 39349 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2017 |
|
|
|
|
Date of Incorporation : |
01.07.1972 |
|
|
|
|
Com. Reg. No.: |
515-81-00097 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Man-Made Fiber Fabrics [Yarn, Fabrics, PET Sheet, Filter, Chip, PSF, PF] |
|
|
|
|
No. of Employees : |
1,043 |
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 : |
Regular |
|
|
|
|
Litigation : |
Exist |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
|
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 |
TORAY CHEMICAL KOREA INC. (Trade Name : TCK) (Ex. English Company Name : WOONGJIN
CHEMICAL CO., LTD., “웅진케미칼(주)”) (Korean Company Name : “도레이케미칼(주)”) |
|
Registered Address |
102, Gumi-daero, Gumi-si,
Gyeongsangbuk-do, Korea (Old Address System : 287, Gongdan 2-dong,
Gumi-si, Gyeongsangbuk-do, Korea) |
|
Building |
|
|
Zip Code |
39349 |
|
Tel |
+82-54-469-4114 |
|
Fax |
+82-54-469-4444 |
|
E-mail |
yunho.choi@toray-tck.com |
|
Website |
www.toray-tck.com |
|
Trading Address |
34&36FL., FKI Bldg., 24, Yeoui-daero,
Yeongdeungpo-gu, Seoul, Korea (Old Address System : 34&36FL., FKI
Bldg., 28-1, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea) |
|
Tel |
+82-2-3279-7000 |
|
Fax |
+82-2-3279-7062 +82-2-3279-7082 |
|
Other Address-Gumi 2nd Factory |
141-11, 1gongdan-ro 4-gil, Gumi-si, Gyeongsangbuk-do, Korea (Old Address System : 309, Gongdan-dong, Gumi, Gyungsangbuk-do, Korea) |
|
Tel |
+82-54-480-3000 |
|
Fax |
+82-54-480-3002 |
|
Other Address-Anseong Factory |
90, Gongdan 1-ro, Anseong-si, Gyeonggi-do, Korea (Old Address System : 58, Singeonji-dong, Anseong-si, Gyeonggi-do,
Korea) |
|
Tel |
+82-31-677-2831~4 |
|
Fax |
+82-31-677-2835 |
|
Other Address-Yugu Factory |
122, Yugumagoksa-ro, Yugu-eup, Gongju-si, Chungcheongnam-do, Korea (Old Address System : 688, Yugu-ri, Yugu-eup, Gongju,
Chungcheongnam-do, Korea) |
|
Tel |
+82-41-840-6100 |
|
Fax |
+82-41-840-6119 |
|
Other Address-R&D
Institute |
Rm.B-614, DMC Center, 330, Seongam-ro, Mapo-gu, Seoul, Korea (Old Address System : Rm.B-614, DMC Center, 1580, Sangam-dong,
Mapo-gu, Seoul, Korea) |
|
Tel |
+82-2-3152-5911 |
|
Fax |
+82-2-3152-5911 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Man-Made Fiber Fabrics |
|
Main Business |
Yarn, Fabrics, PET Sheet, Filter, Chip, PSF, PF |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
07/01/1972 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Yarns(11151700 |
|
Sell |
Blank tapes(43202002) |
|
Sell |
Magneto Optical MO disks(43202006) |
|
Sell |
Cotton fibers(11151507) |
|
Sell |
Resins(13111000) |
|
Sell |
Filters(40161500) |
|
Sell |
Concrete pilings(30102802) |
|
Sell |
Polyester films(13111210) |
|
Sell |
Blank video tapes(45131604) |
|
Sell |
Fabrics and leather materials(11160000) |
|
Sell |
Water purification equipment(47101514) |
|
Sell |
Sheet(30102500) |
CEO’s
|
Name |
Park Chan-Koo |
|
Date of Birth |
07/31/1963 |
|
Title |
Vice President & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
237,230,757,000 |
|||||||||
|
Employees |
1,043 |
|||||||||
|
Formation |
Listed Company (Korea Stock Exchange :
008000 ) as of 06/30/1977 Foreign Direct Investment Corporation A Company of TORAY GROUP |
|||||||||
|
Bank Details |
Woori Bank Kyungnam Bank KEB Hana Bank Korea Development Bank Sumitomo Mitsui Banking Corporation-Seoul Branch Mizuho Corporate Bank-Seoul Branch The Bank of Tokyo-Mitsubishi UFJ-Seoul Branch |
|||||||||
|
Corporate Registered No. |
174811-0000151 |
|||||||||
|
Business Registered No. |
515-81-00097 |
|||||||||
|
Permit & Licenses |
11/1993 ISO 9002 09/1994 ISO 9001 12/1995 ISO 9002-KYUNGSAN FACTORY 12/1996 ISO 14001 GUMI 1 FACTORY 12/1997 ISO 14001-KYUNGSAN FACTORY 07/2012 UL(UNDERWRITERS
LABORATORIES INC) Int’l Trade No.: 875527 |
|||||||||
|
Shareholder Position |
|
|||||||||
|
Company History |
07/01/1972 Incorporated as Cheil Synthetics
Textiles Co. Ltd 02/28/1989 Changed company name to Cheil
Synthetics Inc. 08/31/1995 Separated from Samsung Business
Group 02/28/1997 Changed company name to SAEHAN
INDUSTRIES INC 10/30/1999 Acquired SAEHAN CONSTRUCTION
CO., LTD. 03/2000 Established DSI, a joint venture
with DuPont / 03/2000 Received ‘IR52 Award’ for
Semiconductor lead fixing tape 06/2000 Received ‘Defense Quality System
Award’ in the textile area 02/2002 Received ‘Export-to-Japan Merit
Award’ from Korea Textile Trade Association 10/2002 Received ‘Korean World-class
Product Award’ for high bulky hollow fiber and fire retardant fiber / 10/2002 Received ‘Prime Minister’s Award’
for reverse osmosis membrane for seawater desalination at the New Tech Korea
2002 03/2003 Received ‘Korean World-class
Product Award’ for Suede stretch fabric, fouling resistant reverse osmosis
membrane 11/2003 Received ‘Korean World-class
Product Award’ for Polyester/rayon blended stretch fabric 07/2005 Received ‘Korean World-class
Product Award’ for polyester micro corduroy 11/2005 Received ‘Commerce Industry &
Energy Minister Award’ for polyester micro corduroy 06/2006 Completed Gumi PlantⅡ 07/01/2006
Moved to the present HQ address from 309, Gongdan-dong, Gumi-si, Gyeongsangbuk-do,
Korea 10/2006 Received ‘Commerce Industry &
Energy Minister Award’ at the 2006 Korea Technology Grand Prize for High
functional nano membranes. 11/2006 Received ‘2006 Gyeongsangbuk-do
Energy Saving Best Prize’ at Gumi Plant. 03/21/2008 Changed the Company name to Woongjin
Chemical Co., Ltd. 06/30/2008 Acquired Yugu Filer Factory from WOONGJIN COWAY CO., LTD.(110111-0626501) 03/20/2009 Decided to spin off the par
value to 500 KRW from 5,000 KRW 04/23/2009 Increased the authorized shares
to 1,000,000,000 shares from 200,000,000 shares 11/04/2009 Increased capital to 237,230,757,000 KRW from 235,186,090,000 KRW 12/01/2012 Split off the company; existing
company(WOONGJIN CHEMICAL CO., LTD.) and newly established company(Woongjin
Textile Co., Ltd.) 05/03/2013 Increased the par value to
5,000 KRW from 500 KRW 03/31/2014 Changed company name to the
present name 11/21/2014 Moved to the present trading
address from 23th Fl, Namsan Square Bldg, 173, Toegye-ro, Jung-gu, Seoul, Korea
(Old Address System : 23th Fl, Namsan Square Bldg, 60-1, Chungmuro 3-ga,
Jung-gu, Seoul, Korea) 09/07/2015
Decided to split off, and establish new company(TCK Microfilter Inc.)
12/01/2015 Split off, and establish new company(TCK Microfilter Inc.(176011-0102729)) |
|||||||||
|
Company History |
(*) History of Corporate Work-Out Procedure 05/18/2000 Applied to Corporate Work-Out
Procedure 06/02/2000 Decided to Corporate Work-Out
Procedure at the 2nd meeting of Creditors 10/18/2002 Signed the agreement on the
Corporate Work-Out Procedure between the creditors of financial institutes
and the Subject Company 12/30/2004 Postponed the payment of debts
until 12/31/2006 based on the agreement on the 3rd Corporate Work-Out
Procedure 12/28/2006 Postponed the payment of debts
until 06/30/2007 based on the agreement on the 4th Corporate Work-Out
Procedure 04/05/2007 Postponed the payment of debts
until 12/31/2008 based on the agreement on the 5th Corporate Work-Out
Procedure 01/25/2008 Completed the Corporate Work-Out
Procedure |
Detailed Information
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
Chairman & CEO |
Lee Young-Kwan |
Korean |
09/12/1947 |
03/31/2014 |
|
Vice Chairman & CEO |
Ijuin Hideki |
Japanese |
06/24/1960 |
06/20/2017 |
|
Sr. Executive Director & CEO |
Lim Hee-Seok |
Korean |
05/07/1964 |
06/24/2016 |
|
Sr. Executive Director |
Song Baik-Ha |
Korean |
02/28/1961 |
06/20/2017 |
|
Outside Director |
Baik Jae-Heum |
Korean |
04/01/1954 |
03/31/2014 |
|
Outside Director |
Jeon In-Soo |
Korean |
04/01/1955 |
06/20/2017 |
|
Outside Director |
Choi Young-Sam |
Korean |
05/02/1954 |
06/20/2017 |
|
Temporally Outside Director /
Auditor |
Choi Kyu-Yoon |
Korean |
07/28/1954 |
11/08/2017 |
|
Temporally Outside Director /
Auditor |
Kim Sun-Jong |
Korean |
03/06/1956 |
11/08/2017 |
|
Temporally Outside Director /
Auditor |
Park Hyun-Sang |
Korean |
02/01/1958 |
11/08/2017 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
587,711,257,524 |
703,191,704,334 |
16,151,334,876 |
|
|
03/2017 |
700,320,410,158 |
697,621,877,946 |
1,286,268,942 |
|
03/2016 |
692,184,183,997 |
642,705,691,665 |
11,511,842,719 |
|
03/2015 |
175,932,552,323 |
669,744,438,135 |
-5,677,659,364 |
|
12/2014 |
809,635,311,673 |
705,207,898,909 |
-34,718,612,725 |
|
12/2013 |
900,993,416,004 |
774,378,871,709 |
3,362,087,048 |
|
12/2012 |
1,033,403,598,469 |
744,036,376,891 |
2,698,827,891 |
|
12/2011 |
1,083,493,108,408 |
739,882,854,953 |
4,015,971,868 |
|
12/2010 |
911,193,873,590 |
710,069,168,417 |
60,257,241,522 |
|
2009 |
803,174,786,065 |
620,741,739,445 |
10,182,466,223 |
|
2008 |
833,144,577,137 |
581,733,000,906 |
2,188,321,316 |
|
2007 |
738,215,214,924 |
597,081,062,377 |
-59,139,312,104 |
|
2006 |
716,754,465,391 |
886,459,599,104 |
-91,438,625,923 |
|
2005 |
744,435,173,207 |
1,004,443,504,799 |
5,506,215,130 |
|
2004 |
742,625,976,438 |
1,122,944,383,321 |
15,122,739,623 |
Financial Description
|
Authorized Capital(KRW) |
500,000,000,000 |
|
Paid-Up Capital(KRW) |
237,230,757,000 |
|
Total Issues Shares |
46,363,851 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
04/01/2017~12/31/2017 |
As of 03/31/2017 |
As of 03/31/2016 |
|
Total Assets |
703,191,704,334 |
697,621,877,946 |
642,705,691,665 |
|
Current
Assets |
220,378,644,202 |
201,371,029,453 |
164,723,194,466 |
|
Cash & Cash Equivalents |
12,473,099,647 |
10,961,216,004 |
7,276,272,259 |
|
Deposits |
1,000,000,000 |
1,770,000,000 |
0 |
|
Derivatives |
481,575,000 |
17,760,000 |
0 |
|
Trade Receivables |
107,242,543,881 |
87,904,341,774 |
78,125,843,626 |
|
Other Receivables |
1,706,617,070 |
3,010,781,744 |
1,062,200,916 |
|
Deferred Income Tax Assets |
90,475,754 |
119,053,913 |
43,590,205 |
|
Other Current Assets |
3,987,178,352 |
2,597,090,158 |
2,524,181,130 |
|
Inventories |
93,397,154,498 |
94,990,785,860 |
73,354,224,146 |
|
Assets
to be Sold |
|
|
2,336,882,184 |
|
Non-Current
Assets |
482,813,060,132 |
496,250,848,493 |
477,982,497,199 |
|
Non-Current Financial Instruments |
|
|
1,410,000,000 |
|
Marketable Financial Instruments |
5,103,189,500 |
5,162,084,170 |
3,328,374,450 |
|
Held-to-Maturity Financial Assets |
46,005,000 |
5,505,000 |
0 |
|
Long-Term Trade Receivables |
|
|
18,135,089 |
|
Other Receivables |
5,727,976,725 |
5,498,795,417 |
5,870,780,485 |
|
Investment_Subsidiaries |
67,978,590,171 |
67,986,942,071 |
67,986,942,071 |
|
Investment_Related Companies |
0 |
555,850,000 |
555,850,000 |
|
Deferred Income Tax Assets |
14,254,332,937 |
17,481,014,178 |
19,392,133,161 |
|
Other Non-Current Assets |
166,852,500 |
166,852,500 |
167,052,500 |
|
Tangibles |
367,588,660,610 |
380,851,211,754 |
357,447,512,932 |
|
Investment_Real Estates |
13,629,295,005 |
13,803,943,509 |
14,036,808,181 |
|
Intangibles |
8,318,157,684 |
4,738,649,894 |
7,768,908,330 |
|
Total
Liabilities |
405,170,222,976 |
416,422,493,202 |
364,945,250,621 |
|
Current
Liabilities |
134,054,776,030 |
398,343,962,352 |
109,662,473,030 |
|
Derivatives |
2,100,000 |
1,390,000 |
0 |
|
Trade Payables |
66,951,137,351 |
60,131,039,622 |
49,780,944,772 |
|
Other Payables |
33,853,425,717 |
36,556,369,227 |
37,090,872,193 |
|
Short-Term Borrowings |
29,917,136,372 |
58,445,772,979 |
17,411,692,688 |
|
Current Portion of Long-Term
Debts |
0 |
240,000,000,000 |
0 |
|
Current Portion of Provisions |
508,775,068 |
816,107,486 |
1,551,915,284 |
|
Other Current Liabilities |
2,822,201,522 |
2,393,283,038 |
3,827,048,093 |
|
Non-Current
Liabilities |
271,115,446,946 |
18,078,530,850 |
255,282,777,591 |
|
Other Non-Current
Liabilities |
11,851,410,366 |
12,609,705,621 |
12,609,707,161 |
|
Long-Term Borrowings |
255,000,000,000 |
0 |
240,000,000,000 |
|
Confirmed Salaries |
4,149,380,671 |
5,354,169,320 |
2,358,414,521 |
|
Provisions |
114,655,909 |
114,655,909 |
314,655,909 |
|
Capital
Stock |
237,230,757,000 |
237,230,757,000 |
237,230,757,000 |
|
Profit Surplus |
60,881,782,101 |
43,995,551,384 |
41,986,901,265 |
|
Installments |
505,038,639 |
436,203,532 |
-994,090,049 |
|
Others |
-596,096,382 |
-463,127,172 |
-463,127,172 |
|
Total Equity |
298,021,481,358 |
281,199,384,744 |
277,760,441,044 |
|
Liab. & Shareholder’s Equity |
703,191,704,334 |
697,621,877,946 |
642,705,691,665 |
|
Income Statement |
|||
|
Unit : Korean Won |
04/01/2017~12/31/2017 |
As of 03/31/2017 |
As of 03/31/2016 |
|
Sales |
587,711,257,524 |
700,320,410,158 |
692,184,183,997 |
|
Cost of Sold Goods |
524,743,402,570 |
616,868,034,154 |
593,323,678,338 |
|
Gross Profit |
62,967,854,954 |
83,452,376,004 |
98,860,505,659 |
|
Selling & Admin. Expenses |
47,012,375,599 |
60,833,444,457 |
66,428,146,842 |
|
Operating Income |
15,955,479,355 |
22,618,931,547 |
32,432,358,817 |
|
Other Non-Operating Income |
7,481,374,520 |
11,969,955,701 |
14,647,279,950 |
|
Other Non-Operating Expenses |
6,280,059,642 |
24,332,093,903 |
23,937,087,068 |
|
Profits from Investment on
Related Companies |
1,037,476,719 |
|
|
|
Finance Income |
4,831,919,939 |
907,209,119 |
2,723,713,888 |
|
Finance Expenses |
5,442,226,685 |
8,508,064,629 |
7,447,138,246 |
|
Income Before Taxes |
17,583,964,206 |
2,655,937,835 |
18,419,127,341 |
|
Income Taxes Expenses |
1,432,629,330 |
1,369,668,893 |
6,907,284,622 |
|
Net Income |
16,151,334,876 |
1,286,268,942 |
11,511,842,719 |
|
Cash Flows |
|||
|
Unit : Korean Won |
04/01/2017~12/31/2017 |
As of 03/31/2017 |
As of 03/31/2016 |
|
Operating
Activities Cash Flows |
34,122,190,205 |
37,022,544,961 |
51,785,227,640 |
|
Net Income |
16,151,334,876 |
1,286,268,942 |
11,511,842,719 |
|
Expenses |
16,374,918,603 |
61,504,050,668 |
62,908,566,850 |
|
Profits |
|
-3,241,250,859 |
-4,638,075,607 |
|
Changes in Asset/ & Liability |
|
-22,385,345,496 |
-16,973,435,471 |
|
Income Taxes |
1,595,936,726 |
-141,178,294 |
-1,023,670,851 |
|
Cash
Flows from Investing |
-13,733,843,536 |
-66,911,940,500 |
-44,035,407,665 |
|
Cash Inflow from Investing |
230,963,508 |
6,373,451,419 |
16,569,673,968 |
|
Cash Outflows for Investing |
378,842,068 |
-73,285,391,919 |
-60,605,081,633 |
|
Cash
Flows from Financing |
-18,861,730,519 |
33,967,543,943 |
-18,259,357,125 |
|
Cash Inflows from Financing |
|
244,323,626,133 |
146,550,839,258 |
|
Cash Outflows from Financing |
|
-210,356,082,190 |
-164,810,196,383 |
|
Increase/Decrease
in Cash |
1,526,616,150 |
4,078,148,404 |
-10,509,537,150 |
|
Cash at
the Beginning of Year |
10,961,216,004 |
7,276,272,259 |
17,571,702,057 |
|
Cash at
the End of Year |
12,473,099,647 |
10,961,216,004 |
7,276,272,259 |
Products, Technologies, Services Description
|
Main Products & Services |
Polyester Filament Polyester Staple Fiber Chip Textile Filter Water Treatment Sheet Brand Name : ESLON, CSM |
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Detailed Products Spec. |
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Technologies Acquired |
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Trade Partners & Competitors
|
Suppliers |
|
|
Customers |
|
|
Competitors |
HUVIS CORPORATION(110111-2102070) HYOSUNG CORPORATION(110111-0030497) DAEHAN SYNTHETIC FIBER CO., LTD.(110111-0012437) |
Related Parties (Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
TORAY COATEX CO.,LTD. TORAY MONOFILAMENT CO.,LTD. ICHIMURA SANGYO CO., LTD. TORAY FINE CHEMICALS.CO., LTD. TORAY PLASTICS PRECISION CO., LTD. TORAY ADVANCED FILM CO., LTD. SODA AROMATIC CO., LTD. TORAY BATTERY SEPARATOR FILM CO., LTD. TORAY ENGINEERING CO., LTD. TORAY SYSTEMS CENTER, INC SUIDO KIKO KAISHA, LTD. TORAY MEDICAL CO., LTD. TORAY RESEARCH CENTER, INC. TORAY ENTERPRISE CORP. TORAY INTERNATIONAL, INC. CHORI CO.,LTD. TORAY TEXTILES EUROPE LTD. ALCANTARA S.P.A. P.T. EASTERNTEX P.T. INDONESIA TORAY SYNTHETICS LUCKYTEX (THAILAND) PUBLIC COMPANY LIMITED THAI TORAY SYNTHETICS CO., LTD. PENFABRIC SDN.BERHAD PENFIBRE SDN.BERHAD TORAY FIBERS(NANTONG) CO.,LTD. (TFNL) TORAY POLYTECH (NANTONG) CO.,LTD. (TPN) TORAY SAKAI WEAVING &
DYEING(NANTONG)CO.,LTD. (TSD) TORAY ADVANCED MATERIALS KOREA INC. TORAY PLASTICS (AMERICA), INC. TORAY FILMS EUROPE S.A.S. TORAY PLASTICS (MALAYSIA) SDN.BERHAD TORAY PLASTICS (SUZHOU)CO.,LTD. (TPSU) STEMCO, LTD.(164711-0003266) TORAY CARBON FIBERS AMERICA, INC. TORAY COMPOSITES (AMERICA), INC. TORAY CARBON FIBERS EUROPE S.A. TORAY INDUSTRIES (CHINA)CO.,LTD. (TCH) TORAY INTERNATIONAL (KOREA),INC.(110111-3317339) PORIFERA, INC(USA) (6.08% held by the subject company) SAMKWANG SUKI CO., LTD.(110111-0219786) (35.00% held by the subject company) |
|
Joint Venture |
|
|
Subsidiary |
PT. TCK TEXTILES INDONESIA (99.997% held
by the subject company) 6TH FLOOR, ROOM 604, KOREA CENTER.JL. GATOT
SUBROTO KAV. 58 JAKARTA SELATAN, 12950, INDONESIA TCK MEMBRANE (TIANJIN) CO., LTD (100.00% held
by the subject company) NO.2 KEYUAN 4ST TEDA(JINNAN)
MICRO-ELECTRONICS INDUSTRIAL AREA BALITAI-ZHEN JINNAN-DISTRICT TIANJIN,
300-350 CHINA. TCK SHANGHAI CO., LTD. (100.00% held
by the subject company) RM 2307, INTERNATIONAL TRADE CENTER, 2200
YANAN ROAD(W). SHANGHAI, 200336, CHINA TCK FIBERS (SUZHOU) CO., LTD. (100.00% held
by the subject company) LUSI ROAD 2, WUJIANG DISTRICT PINGWANG TOWN
ZHONGLU INDUSTRY PARK, WU JIANG SHI, SUZHOU CITY, JIANGSU , CHINA TCK TRADING SINGAPORE PTE. LTD. (100.00% held
by the subject company) 152 BEACH ROAD, GATEWAY EAST #18-02,
SINGAPORE 189721 TCK TEXTILES KOREA INC.(176011-0080107) (100.00% held
by the subject company) TCK TEXTILES VINA CO., LTD. (100.0% held by TCK TEXTILES
KOREA INC.(176011-0080107)) LOT I4, ROAD NO.4, HAI SON INDUSTRIAL ZONE,
DUC HOA HA COMMUNE, UC HOA DISTRICT, LONG AN PROVINCE TCK MICROFILTER INC.(176011-0102729) (100.00% held
by the subject company) |
|
Corporate Ownership |
TORAY INDUSTRIES, INC.(JAPAN) TORAY ADVANCED MATERIALS KOREA
INC.(176011-0020054) |
|
Major Shareholders |
TORAY ADVANCED MATERIALS KOREA
INC.(176011-0020054) |
|
Cooperative Enterprise |
|
Sales by Region (Activity & Markets)
|
Sales/ Unit :Thousand KRW |
06/2017 |
03/2017 |
03/2016 |
|
Export |
105,109,354 |
372,265,875 |
343,014,021 |
|
Domestic |
78,882,490 |
328,054,535 |
349,170,163 |
|
Total |
183,991,844 |
700,320,410 |
692,184,184 |
The Subject exports to China, Japan, Europe and North America.
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
2018GAHAP15140 |
Daegu District Court-Gimcheon Branch |
Kim Tae-Kyun |
The Subject Company |
Nullifying of Approval on Stock Exchange by General Meeting |
- |
Filed as of 02/08/2018 |
News Clipping
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.15 |
|
|
1 |
INR 90.27 |
|
Euro |
1 |
INR 79.35 |
|
KRW |
1 |
INR 0.061 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
TPT |
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.