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|
|
MIRA
INFORM REPORT
|
Report No. : |
508185 |
|
Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
GS CALTEX CORPORATION |
|
|
|
|
Registered Office : |
508, Nonhyeon-ro, Gangnam-gu, Seoul, Korea, GS Gangnam
Tower |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation : |
19.05.1967 |
|
|
|
|
Com. Reg. No.: |
116-81-19123 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Export/Import Petroleum Refineries, Petroleum, Lubricants,
Aromatics, Polypropylene, Liquefied Petroleum Gas, Naphtha, Gasoline,
Kerosene, Diesel Fuel, Polypropylene, Card Services, Oil Station Operation
Services |
|
|
|
|
No. of Employees : |
2,920 |
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 |
GS CALTEX CORPORATION |
|
Registered Address |
508, Nonhyeon-ro, Gangnam-gu,
Seoul, Korea |
|
Building |
GS Gangnam Tower |
|
Zip Code |
06141 |
|
Tel |
+82-2-2005-1114 |
|
Fax |
+82-2-2005-6051 |
|
E-mail |
kimsj@gscaltex.co.kr |
|
Website |
www.gscaltex.co.kr |
|
Trading Address |
GS Gangnam Tower, 508,
Nonhyeon-ro, Gangnam-gu, Seoul, Korea (Old Address System : GS
Gangnam Tower, 679, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea) |
|
Tel |
+82-2-2005-1114 |
|
Fax |
+82-2-2005-6051 |
|
Other Address-Refinery
and Petrochemical Complex /Yeosu Factory |
1056 Wollae-dong, Yeosu-si,
Jeonnam-do 550-600 Korea |
|
Tel |
+82-61-680-2114 |
|
Fax |
+82-61-686-3333 |
|
Other Address-Factory |
382-2 Wonchang-dong, Seo-gu,
Incheon 404-210 Korea |
|
Tel |
+82-32-577-9212 ~ 3 |
|
Fax |
+82-32-577-9215 |
|
Other Address-Value
Creation Center |
104-4 Munji-dong, Yuseong-gu,
Daejeon 305-380 Korea |
|
Tel |
+82-42-866-1616 |
|
Fax |
+82-42-863-6104 |
|
Other Address-Customer
Service Center |
20th Fl.Kukje Electronics
Center, 1445-3, Seocho-dong, Seocho-gu, Seoul 137-728 Korea |
|
Tel |
+82-2-1588-5172 |
|
Fax |
+82-2-3465-5088 |
|
Other Address-Gwangju
Oil Reservoir |
502 Hanam-dong, Gwangsan-gu,
Gwangju 506-250 Korea |
|
Tel |
+82-62-952-5863 |
|
Fax |
|
|
Other Address-Gunsan
Oil Reservoir |
11-13 Soryong-dong, Gunsan-si,
Jeonbuk-do 573-879 |
|
Tel |
+82-63-467-3600 |
|
Fax |
|
|
Other Address-Daegu
Oil Reservoir |
450 Namha-ri, Hayang-eup,
Gyeongsan-si, Gyeongbuk-do 712-906 Korea |
|
Tel |
+82-53-353-2271 |
|
Fax |
|
|
Other Address-Daejeon
Oil Reservoir |
547-28 Gasuwon-dong, Seo-gu,
Daejeon 302-801 Korea |
|
Tel |
+82-42-542-0316 |
|
Fax |
|
|
Other Address-Donghae
Oil Reservoir |
227 Guho-dong, Donghae-si,
Gangwon-do 240-230 Korea |
|
Tel |
+82-33-521-0112 |
|
Fax |
|
|
Other Address-Masan
Oil Reservoir |
64-15 Sinchon-dong, Changwon-si,
Gyeongnam-do 641-370 Korea |
|
Tel |
+82-55-264-4624 |
|
Fax |
|
|
Other Address-Mokpo
Oil Reservoir |
330-1 Nabul-ri, Samho-myeon,
Yeongam-gun, Jeonnam-do 526-891 Korea |
|
Tel |
+82-61-464-5541 |
|
Fax |
|
|
Other Address-Busan
Oil Reservoir |
254-13 Gamman 1-dong, Nam-gu,
Busan 608-803 Korea |
|
Tel |
+82-51-640-8484 |
|
Fax |
|
|
Other Address-Incheon
Oil Reservoir |
97-4 Bukseong-dong 1-ga,
Jung-gu, Incheon 400-201 Korea |
|
Tel |
+82-32-770-2701 |
|
Fax |
|
|
Other Address-Jeonju
Oil Reservoir |
173-2 Bugyo-ri, Yongji-myeon,
Gimje-si, Jeonbuk-do 576-973 Korea |
|
Tel |
+82-63-546-8351 |
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Petroleum Refineries |
|
Main Business |
Petroleum, Lubricants, Aromatics, Polypropylene, Liquefied
Petroleum Gas, Naphtha, Gasoline, Kerosene, Diesel Fuel, Polypropylene, Card
Services, Oil Station Operation Services |
|
Sub Business |
Wholesale of Liquid Fuel and Related Products |
|
Established (mm/dd/yyyy) |
05/19/1967 |
Detailed
Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Hydraulic oil(15121504) |
|
Sell |
Engine oil(15121501) |
|
Sell |
Gear oil(15121503) |
|
Sell |
Grease(15121902) |
|
Sell |
Lubricating
preparations(15121500) |
|
Sell |
Kerosene(15101502) |
|
Sell |
Aviation fuel(15101504) |
|
Sell |
Liquified petroleum
gas(15111510) |
|
Sell |
Benzene(15101507) |
|
Sell |
Aromatic or heterocyclic
compounds(12352005) |
|
Sell |
Hydrocarbonated
solvents(12191500) |
|
Sell |
Polypropylene PP(13102022) |
|
Sell |
Asphalt(30121601) |
|
Sell |
Fuel oil(15101700) |
|
Sell |
Resins(13111000) |
|
Sell |
Diesel fuel(15101505) |
CEO’s
|
Name |
Hur Jin-Soo |
|
Date of Birth |
09/12/1953 |
|
Title |
Chairman & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
260,000,000,000 |
|||||||||||||||
|
Employees |
2,920 |
|||||||||||||||
|
Formation |
Co., Ltd by shares Foreign Direct Investment Corporation A company of GS Group |
|||||||||||||||
|
Bank Details |
Korea Development Bank KEB Hana Bank S.C. First Bank of Korea |
|||||||||||||||
|
Corporate Registered No. |
110111-0078819 |
|||||||||||||||
|
Business Registered No. |
116-81-19123 |
|||||||||||||||
|
Permit & Licenses |
12/2003 autoOasis, ISO
9001:2000 from BSI (UK) 11/2001 QS-9000 from DNV (Det
Norske Veritas) 03/1998 ISO14001 Int’l Trade No.: 680200 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
05/19/1967 Incorporated as
Honam Oil Refinery Co., Ltd. 10/31/1968 Registered as a Foreign
Direct Investment Corporation 11/30/1991 Awarded US$ 500
Million Export Top Prize 05/20/1996 Changed company name
to LG Caltex Oil Refinery Co., Ltd. 06/28/1996 Increased capital to
260,000,000,000 KRW from 209,500,000,000 KRW 10/04/1999 Moved to the present
HQ address from 20, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea 03/31/2005 Changed company name to the present name 06/2012 Decided to sell Gas, Electric Power, Resources
Development, Green Energy Business to GS ENERGY CORPORATION(110111-4765412)
amounting 1,106,200,000,000 KRW |
Detailed Information
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
Chairman & CEO |
Hur Jin-Soo |
Korean |
09/12/1953 |
02/04/2010 |
|
President & CEO |
Kim Hyung-Kook |
Korean |
11/02/1962 |
02/28/2018 |
|
Vice President |
Hur Se-Hong |
Korean |
11/21/1969 |
02/25/2016 |
|
Director |
Ha Young-Bong |
Korean |
03/05/1952 |
02/25/2016 |
|
Director |
Jung Taik-Keun |
Korean |
11/30/1953 |
02/27/2015 |
|
Director |
Andrew Benjamin Walz |
USA |
03/29/1967 |
06/24/2015 |
|
Director |
John Steven Farrand |
USA |
10/11/1953 |
02/27/2014 |
|
Director |
William Louis Stone |
USA |
02/02/1958 |
08/28/2014 |
|
Director |
William James Miner |
USA |
12/27/1957 |
04/17/2014 |
|
Director |
John Joseph Kuehn |
USA |
06/27/1968 |
02/27/2014 |
|
Director |
Navin Krecion Mahajan |
USA |
07/03/1966 |
06/22/2017 |
|
Auditor |
Jung Chan-Soo |
Korean |
11/26/1962 |
02/14/2013 |
|
Auditor |
Ching San Lim |
Singaporean |
09/10/1977 |
08/24/2017 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2017 |
28,623,701,000,000 |
19,186,617,000,000 |
1,426,091,000,000 |
|
2016 |
23,483,251,000,000 |
18,440,402,000,000 |
1,374,115,000,000 |
|
2015 |
26,873,822,000,000 |
18,285,734,000,000 |
967,720,000,000 |
|
2014 |
38,246,454,000,000 |
18,733,675,000,000 |
-683,613,000,000 |
|
2013 |
44,069,494,000,000 |
21,623,179,000,000 |
359,619,000,000 |
|
2012 |
46,155,917,000,000 |
21,890,889,000,000 |
1,131,037,000,000 |
|
2011 |
44,954,889,000,000 |
23,680,434,000,000 |
1,135,728,000,000 |
|
2010 |
33,039,593,000,000 |
21,120,882,000,000 |
716,196,000,000 |
|
2009 |
26,088,461,000,000 |
19,711,057,000,000 |
574,272,000,000 |
|
2008 |
34,424,216,000,000 |
18,390,031,000,000 |
-290,335,000,000 |
|
2007 |
21,468,331,000,000 |
15,230,425,000,000 |
632,020,000,000 |
|
2006 |
19,130,049,000,000 |
11,153,465,000,000 |
620,878,000,000 |
|
2005 |
16,233,864,000,000 |
9,397,161,000,000 |
728,600,000,000 |
|
2004 |
14,063,203,000,000 |
7,886,192,000,000 |
846,298,000,000 |
Financial
Description
|
Authorized Capital(KRW) |
270,000,000,000 |
|
Paid-Up Capital(KRW) |
260,000,000,000 |
|
Total Issues Shares |
26,000,000 |
|
Balance Sheet |
|||
|
Unit : Million Korean Won |
01/01/2017~03/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Total Assets |
19,186,617 |
18,440,402 |
18,285,734 |
|
Current Assets |
9,381,220 |
8,296,254 |
7,758,533 |
|
Cash & Cash
Equivalents |
1,061,963 |
1,289,229 |
1,292,489 |
|
Trade Receivables |
3,118,491 |
2,630,915 |
2,411,819 |
|
Current Financial
Instruments |
991,416 |
1,045,518 |
1,253,921 |
|
Inventories |
4,174,477 |
3,225,880 |
2,716,187 |
|
Other Current Assets |
34,873 |
104,712 |
84,117 |
|
Non-Current Assets |
9,805,397 |
10,144,148 |
10,527,201 |
|
Non-Current Financial
Instruments |
217,819 |
322,689 |
371,330 |
|
Investment_Stocks |
241,278 |
268,789 |
252,778 |
|
Tangibles |
9,199,825 |
9,394,738 |
9,750,790 |
|
Investment_Real Estates |
53,008 |
57,062 |
57,717 |
|
Intangibles |
66,628 |
70,877 |
64,332 |
|
Membership |
26,839 |
29,993 |
30,254 |
|
Total Liabilities |
8,850,873 |
8,967,055 |
9,639,142 |
|
Current Liabilities |
5,833,696 |
5,200,327 |
4,951,721 |
|
Trade Payables |
2,603,524 |
1,588,339 |
1,618,655 |
|
Other Current Financial
Debts |
2,863,109 |
3,206,860 |
3,137,313 |
|
Accrued Income Tax |
300,837 |
340,772 |
139,665 |
|
Advance Receipts |
66,226 |
64,356 |
56,088 |
|
Non-Current
Liabilities |
3,017,177 |
3,766,728 |
4,687,421 |
|
Other Non-Current
Financial Debts |
2,835,505 |
3,578,820 |
4,383,724 |
|
Confirmed Salaries |
8,562 |
34,489 |
85,677 |
|
Deferred Income Tax
Credit |
126,123 |
102,560 |
157,230 |
|
Other Non-Current
Liabilities |
46,987 |
50,859 |
60,790 |
|
Capital Stock |
260,000 |
260,000 |
260,000 |
|
Capital Surplus |
66,261 |
66,261 |
66,261 |
|
Capital Adjustment |
10,019,019 |
9,156,165 |
8,323,194 |
|
Others |
-645 |
-645 |
-645 |
|
Profit Surplus |
-8,891 |
-8,434 |
-2,218 |
|
Total Equity |
10,335,744 |
9,473,347 |
8,646,592 |
|
Liab. &
Shareholder’s Equity |
19,186,617 |
18,440,402 |
18,285,734 |
|
Income Statement |
|||
|
Unit : Million Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Sales |
28,623,701 |
23,483,251 |
26,873,822 |
|
Cost of Sold Goods |
25,830,443 |
20,608,903 |
24,865,777 |
|
Selling & Admin. Expenses |
844,819 |
810,352 |
775,493 |
|
Operating Income |
1,948,439 |
2,063,996 |
1,232,552 |
|
Finance Income |
1,476,620 |
2,202,096 |
1,942,094 |
|
Finance Expenses |
1,322,340 |
2,420,281 |
2,239,662 |
|
Other Income |
516,340 |
507,740 |
861,576 |
|
Other Expenses |
705,350 |
584,222 |
535,445 |
|
Income Before Taxes |
1,913,709 |
1,769,329 |
1,261,115 |
|
Income Taxes Expenses |
487,618 |
395,214 |
293,395 |
|
Net Income |
1,426,091 |
1,374,115 |
967,720 |
|
Cash Flows |
|||
|
Unit : Million Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Cash Flows from Operating |
1,561,932 |
1,719,332 |
2,243,871 |
|
-Net Income |
1,426,091 |
1,374,115 |
967,720 |
|
-Exp. without Cash Outflow |
1,687,017 |
1,439,631 |
1,408,166 |
|
-Revenue without Cash Inflows |
-473,643 |
-285,264 |
-581,503 |
|
-Changes in Asset/ &
Liability |
-489,279 |
-409,054 |
741,242 |
|
Interests Received |
19,501 |
22,689 |
21,133 |
|
Interests Paid |
-149,608 |
-203,027 |
-261,116 |
|
Dividends Received |
41,761 |
26,474 |
46,535 |
|
Income Taxes |
-499,908 |
-246,232 |
-98,306 |
|
Cash Flows from Investing |
-376,425 |
-270,269 |
-64,777 |
|
-Cash Inflow from Investing |
107,905 |
117,438 |
204,201 |
|
-Cash Outflows for Investing |
-484,330 |
-387,707 |
-268,978 |
|
Cash Flows from Financing |
-1,412,773 |
-1,452,323 |
-1,186,074 |
|
-Cash Inflows from Financing |
503,470 |
199,186 |
199,188 |
|
-Cash Outflows from Financing |
-1,916,243 |
-1,651,509 |
-1,385,262 |
|
Increase/Decrease in Cash |
-227,266 |
-3,260 |
993,020 |
|
Cash at the Beginning of Year |
1,289,229 |
1,292,489 |
299,469 |
|
Cash at the End of Year |
1,061,963 |
1,289,229 |
1,292,489 |
Products,
Technologies, Services Description
|
Main Products & Services |
Petroleum
Business The
Subject Company has crude oil refining facilities with a capacity of 650,000
barrels a day, and provides a stable supply of oil products to the nation.
With Residue Fluid Catalytic Cracking Units designed to crack 90,000 barrels
of bunker C oil a day to produce high-valued products such as gasoline,
kerosene, and diesel, as well as advanced facilities such as those designed
to desulfurize 190,000 barrels of kerosene and diesel a day, GS Caltex
proactively responds to the rapidly changing market environment. Additionally,
The Subject Company operate about 3,000 gas stations and about 300 gas
filling stations nationwide. In 1996 The Subject Company opened Korea's first
gas station-convenience store combined chain, JoyMart. Also, since 1994, The
Subject Company has been operating the light maintenance franchise chain,
AutoOasis. Petrochemicals
Business The
Subject Company vigorously advanced into the petrochemical industry, as the
company established plants within its Yeosu Plant Complex to produce
polypropylene in 1988, and paraxylene and aromatics in 1990, respectively. The
Subject Company began its aromatics business with the construction of a plant
to produce 200,000 tons of paraxylene and 300,000 tons of aromatics a year in
April 1990. Investments in the business have continued in order to keep up
with rapidly changing market situations. In
April 2003, the Company completed the construction of its third paraxylene
unit with a production capacity of 350,000 tons by employing MTPX technology,
an advanced technology developed by Exxon-Mobil. The Company's total
aromatics production capacity is 2,200,000 tons including 1,200,000 tons of
paraxylene, 770,000 tons of benzene annually. This is the world's largest
aromatics plant as single site. Also,
polypropylene business, the other part of petrochemical group, was launched
in 1988, with the introduction of the Dow Chemical Company's Unipol process
of fluidized bed-based vapor-phase polymerization, which allowed the
production and supply of the finest-quality polypropylene. The Subject
Company is now capable of producing 180,000 tons of polypropylene a year.
Since 2001, The Subject Company has been producing the entire volume of
propylene, the raw material for polypropylene, from the Residue Fluid
Catalytic Cracking (RFCC) Unit process. |
|
Main Products & Services |
LNG
and City Gas Business The
Subject Company is moving to become a total energy service provider by adding
an environmentally friendly LNG and city gas business to its traditional
petroleum and electric power businesses. To this end, The Subject Company is
preparing to construct an LNG Terminal and to conclude LNG import agreements
to push ahead with the business of directly importing LNG, as approved by the
Ministry of Commerce, Industry and Energy. Through these efforts, after 2008,
The Subject Company will supply LNG for own-use in oil refining utilities in
Yeosu Complex, and in generating electric power in GS Power and GS EPS. Also,
The Subject Company has taken over Haeyang City Gas Co., Ltd. and Seorabeol
City Gas Co., Ltd. to secure a base for the LNG business, and have formed
strategic alliances with Kyungnam Energy Co., Ltd. and Kangnam City Gas Co.,
Ltd., thus securing a stable demand. Alongside this, we are striving to
maximize synergies of the LNG business through the established GS EPS Co.,
Ltd. and GS Power Co., Ltd. which use LNG as fuel. Electric
Power Business The
Subject Company is conducting business in the electric power sector as well
as taking steps towards its goal of becoming a total energy service provider
through diversification of its core energy business. In line with the
government's strategy to introduce and expand private power generation, GS
EPS was established as the first private power generation company in October
1996, with the operation of a 500,000 kw LNG combined-cycle power plant. Additionally,
GS Power Co., Ltd., was established in September 2000, and took over and
continued operation of a 950,000 kw combined heat and power plant and
district heating facilities in the Anyang and Bucheon areas from KEPCO. Currently,
The Subject Company uses clean energy technology, LNG, to efficiently operate
a combined-cycle power plant with a total capacity of 1.45 million kw and
district heating supply facilities, which play a central role in supplying
electric power to the national capital region. The
Subject Company also operates stable and efficient district heating facilities
to supply an economic heating service to new towns in Anyang, Pyeongchon and
Bucheon. |
|
Main Products & Services |
Exploration
and Production The
Subject Company first entered into the exploration and production business in
2003 by acquiring a 15% participating interest in the exploration and
development project of Cambodia Block A Area, located on the west coast of
Cambodia. The
Subject Company and its partners, Chevron and Mitsui, discovered oil in five
exploration wells during the drilling campaign from October 2004 to February
2005. Oil pay logged in the wells ranges from 41 feet to 139 feet and the
analysis of samples indicates the oil is a medium gravity, 44 degree API
crude. New
and Renewable Energy The
Subject Company has been striving to New and Renewable Energy, including fuel
cell technologies, since 1989. Its Value Creation Center is developing fuel
cell technologies in conjunction with its subsidiary fuel cell specialist GS
FuelCell co., Ltd, established in November 2000. After
three years of research and development efforts, in April 2004 GS FuelCell
developed a high efficiency and compact polymer electrolyte membrane fuel
cell(PEMFC) for home(residential power generator) with a capacity of 1kW and
using city gas as fuel. Brand
Name : Kixx PAO, Kixx G-1, Kixx LUBO |
|
Production Capacity |
Refined Oil Products: 223,469
Thousand Barrel Aromatic Products: 1,810
Thousand Ton PP Products: 169 Thousand Ton |
|
Technologies Acquired |
|
Trade
Partners & Competitors
|
Suppliers |
CHEVRON GLOBAL ENERGY INC. CHEVRON U.S.A. INC. GS CALTEX SINGAPORE PTE, LTD. KOC CO., LTD. 1/F WONDUCK BLDG., 681-9,
JAKJEON-DONG, GYEYANG-GU, INCHEON 407-060 KOREA TEL 82-32-505-2588 FAX 82-32-505-2586 INDUSTRY: MANUFACTURE OF
FILTERING OR PURIFYING MACHINERY FOR LIQUIDS OR OILS HYUNDAI OILBANK CO., LTD. 640-6, DAEJUK-RI, DAESAN-EUP,
SEOSAN-SI, CHUNGNAM-DO 356-874 KOREA TEL:+82-2-2004-3000 FAX:+82-2-2004-3020 INDUSTRY: PETROLEUM REFINERIES E1 CO., LTD. 13FL., ASEM TOWER, 159-1,
SAMSEONG 1-DONG, KANGNAM-GU, SEOUL 135-798 KOREA TEL:+82-2-3441-4114 FAX:+82-2-3441-4119 INDUSTRY: WHOLESALE OF GASEOUS
FUEL AND RELATED PRODUCTS KOREA TELECOM POWERTEL CO.,
LTD. 19 FL. KT INFORMATION CENTER,
924, MOK-DONG, YANGCHEON-GU, SEOUL 158-050 KOREA TEL:+82-2-2166-0130 FAX:+82-2-2062-2471 INDUSTRY: MOBILE TELEPHONE
SERVICES SEYANG SHIPPING CO., LTD. 13TH FL., JANGGYO BLDG., 1,
JANGGYO-DONG, JUNG-GU, SEOUL 100-220 KOREA TEL:+82-2-3706-6900 FAX:+82-2-3706-6997 INDUSTRY: OCEANGOING FOREIGN
FREIGHT TRANSPORT KAEL CO., LTD. 1690-2, SINIL-DONG, DAEDEOK-GU,
DAEJEON 306-230 KOREA TEL:+82-42-931-6287
FAX:+82-42-931-9190 INDUSTRY: MANUFACTURE OF
FILTERING OR PURIFYING MACHINERY FOR AIR OR GASES HANWHA L&C CORP. 14TH FL., HANWHA BLDG., 1,
JANGGYO-DONG, JUNG-GU, SEOUL 100-797 KOREA TEL:+82-2-729-1114 FAX:+82-2-729-1461 INDUSTRY: MANUFACTURE OF WALL
AND FLOOR COVERINGS OF PLASTICS |
|
Customers |
GS POWER (134111-0074744) HAEYANG CITY GAS. CO., LTD
(200111-0004906) SAMYANG INTERNATIONAL CO., LTD. SYNGENTA KOREA LTD. 642, SEOGAM-DONG, IKSAN-SI,
JEONBUK-DO 570-330 KOREA TEL:+82-63-830-5800 FAX:+82-63-832-3677 INDUSTRY: MANUFACTURE OF
AGRICULTURAL CHEMICAL PRODUCTS PLUMB FAST CO., LTD. 318, JUNG-DONG, DONG-GU,
DAEJEON 300-160 KOREA TEL:+82-41-865-9681 FAX:+82-41-865-9188 INDUSTRY: MANUFACTURE OF
PLASTIC BARS, PIPES, TUBES AND HOSES HANWHA L&C CORP. 14TH FL., HANWHA BLDG., 1,
JANGGYO-DONG, JUNG-GU, SEOUL 100-797 KOREA TEL:+82-2-729-1114 FAX:+82-2-729-1461 INDUSTRY: MANUFACTURE OF WALL
AND FLOOR COVERINGS OF PLASTICS |
|
Competitors |
S-OIL CORPORATION 45TH FL., KOREA LIFE INSURANCE
63 BLDG., 60, YEOEUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-3772-5151 FAX:+82-2-786-4030 SK ENERGY CO., LTD. SK BLDG., 99, SEORIN-DONG,
JONGNO-GU, SEOUL, KOREA TEL:+82-2-2121-5114 FAX:+82-2-2121-7001 HYUNDAI OILBANK CO., LTD. 640-6. DAEJUK-RI, DAESAN-EUP,
SEOSAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-660-5114 FAX:+82-41-660-5111 |
Related
Parties (Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
GS POWER (134111-0074744) HAEYANG CITY GAS. CO., LTD
(200111-0004906) SEORABEOL CITY GAS CO.,LTD
(171211-0024180) GS FUELCELL CO.LTD.
(160111-0108202) GS RETAIL (110111-0090037) GS WATSONS CO.,
LTD.(110111-3136474) KOREA CABLE TV ULSAN STATION
(181211-0045481) GS TELESERVICE (110111-2618192) GS SPORTS.LTD (110111-3024330) HAMOO DEVELOMET CO., LTD
(110111-0411142) XI SERVICE (110111-3141720) SAMYANG INT'L CO., LTD.
(110111-0424848) BOHEUN DEVELOPMENT CO., LTD.
(110111-1557573) OKSAN DISTRIBUTION
(110111-1426108) SM CO., LTD (110111-1308124) GS NEOTEK (110111-0166953) EZVILLE, INC. (110111-1934557) CENTRAL MOTORS CORP.
(131111-0101912) SUNGSAN GROUP CORPORATION
(110111-0110653) SUNGSAN LEISURE INC
(141111-0022893) WINASSET CO.,
LTD.(110111-0720832) COSMO FINE CHEMICALS
CO.,LTD.(110111-0531205) COSMO INDUSTRIAL CO.LTD
(150111-0077722) SMARTRO CO.,LTD
(110111-1536189) COSMO & COMPANY CO., LTD.
(110111-0298243) COSMO CORPORATION CO.,
LTD.(110111-2559354) LANDMARK ASIA, INC.
(110111-2219411) COSMO LEPORTS CO.,
LTD.(110111-1883473) COSMOS NF CO.,
LTD.(110111-2431809) MARUMAN KOREA (131111-0093953) ESTECH ESTIMATE
CORP.(110111-3253583) NEXTATION.CO.,LTD.
(110111-2123571) UIJEONGBU LIGHT RAIL TRANSIT
CO., LTD (280111-0071743) STSLOGISTICS INC.
(110111-1999197) GS EPS CO.,
LTD.(165011-0004621) KANGNAM CABLE SYSTEM INC.
(110111-1009780) ITMEXSYI (110111-3451731) GLS SERVICE CORP.
(110111-3532846) AMCO LTD.(110111-3593252) FRESH SERVE CO.,
LTD(110111-3646738) GCS PLUS CO.,
LTD.(140111-0033487) NURICELL CO.,
LTD.(110111-2089062) SEOUL MUNSAN EXPRESSWAY CO.,
LTD.(110111-3809344) ULSAN GREEN CO.,
LTD.(110111-3812636) BSM CO., LTD.(135511-0187118) CORONA(131411-0167645) DAUM ONKET(110111-3127209) GS NETVISION CO.,
LTD.(110111-3862897) GS PARK 24 CO.,
LTD.(110111-3413880) DONGBO INT.CO.,
LTD.(110111-2619752) GS ASSET MANAGEMENT CO.,
LTD.(110111-3934670) DAEHAN OIL PIPELINE CORPORATION(110111-0671522) (28.62% held by the subject company) SAMNAM PETROCHEMICAL CO., LTD.(110111-0557061) (20.00% held by the subject company) |
|
Affiliates-Overseas |
FRONTIER NEMTWO CORPORATION MALAYSIA FRONTIER WOKAM CORPORATION MALAYSIA ASIA CLEAN ENERGY LIMITED MALAYSIA GS CALTEX SINGAPORE PTE., LTD. SINGAPORE GS CALTEX (LANGFANG) PLASTICS
CO., LTD. CHINA GS CALTEX (QINGDAO) ENERGY CO.,
LTD. CHINA GS CALTEX (QINGDAO) PETROLEUM
CO., LTD CHINA GS CALTEX (JINAN) ENERGY CO.,
LTD. CHINA GS CALTEX (YANTAI) ENERGY CO.,
LTD. CHINA GS CALTEX INDIA PTE., LTD.
INDIA GSC (SUZHOU) PLASTICS CO., LTD. CHINA GSC CZECH S.R.O. CZECH GS CALTEX CHINA CO., LTD. CHINA GS CALTEX TRADING (SUZHOU) CO.,
LTD. CHINA GS RETAIL VIETNAM CO., LTD VIETNAM GS(SHANGHAI) SANGMOO CO., LTD. CHINA GS GLOBAL JAPAN CO., LTD. JAPAN GS GLOBAL AUSTRALIA PTY LTD. AUSTRALIA GS GLOBAL HONG KONG LTD. HONG KONG GS GLOBAL EUROPE GMBH GERMANY SSANGYONG RESOURCES PTY LTD. AUSTRALIA GS GLOBAL GUANGZHOU CO.,LTD. CHINA GS GLOBAL TRADING (SHANGHI)
CO.,LTD. CHINA GS GLOBAL USA, INC. USA GS GLOBAL SINGAPORE PTE LTD. SINGAPORE PT GS GLOBAL RESOURCE INDONESIA GS GLOBAL (SUZHOU) STEEL
SERVICE CENTER CO., LTD. CHINA MILL-PRO PTY LIMITED AUSTRALIA GS E&C NANJING CO.,LTD. CHINA GS NHA BE DEVELOPMENTONE-MEMBER
LLC VIETNAM GS SAIGON DEVELOPMENTONE-MEMBER
LLC VIETNAM GS E&C INDIA PRIVATE LTD. INDIA GS (CAMBODIA) DEVELOPMENT
CO.,LTD. CAMBODIA GS CONSTRUCTION ARABIA CO.,LTD. SAUDI ARABIA GS CONSTRUCTION SAUDI CO., LTD. SAUDI ARABIA |
|
Affiliates-Overseas |
GS E&C POLAND SP.ZO.O POLAND GS E&C CONSTRUCTION CANADA
LTD. CANADA GS E&C THAI CO.,LTD. THAILAND GS E&C PANAMA S.A. PANAM GS ENGINEERING &
CONSTRUCTION SPAIN, S.L. SPAIN GS INIMA ENVIRONMENT S.A. SPAIN GS PP DEVELOPMENT CO., LTD. CAMBODIA AGUAS DE ENSENADA, S.A. DE C.V. MEXICO AMBIENT SERVICOS AMBIENTAIS DE
RIBEIRAO PRETO, S.A. BRAZIL AQUARIA WATER LLC USA ARAUCARIA SANEAMENTO, S.A. BRAZIL DESALINIZADORA ARICA LTDA. CHILE GS INIMA CHILE, S.A. CHILE GS INIMA MEXICO, S.A. DE C.V. MEXICO GS INIMA USA CONSTRUCTION
CORPORATION USA GS INIMA USA CORPORATION USA GS INIMA BRASIL LTDA. BRAZIL PROMOAQUA DESALACION DE LOS
CABOS, S.A. DE C.V. MEXICO SANEAMENTO DO VALE DO PARIBA,
S.A. BRAZIL SERVICOS DE SANEAMENTO DE MOGI
MIRIM, S.A. BRAZIL TECNICAS Y GESTION
MEDIOAMBIENTAL, S.A. SPAIN TRACTAMENT METROPOLITA DE
FANGS, S.L. SPAIN CASINIMA - EMPREITADA PONTE DA
BAIA, A.C.E. PORTUGAL HIALEAH WATER, LLP USA GSNEOTEK VIETNAM CO.,LTD VIETNAM GS NEOTEK L.L.C OAM GS NEOTEK(CAMBODIA)CO.,LTD. CAMBODIA GSNEOTEK THAILAND CO.,LTD THAILAND QINDAO SAMYANG LEATHER CO.,
LTD. CHINA |
|
Affiliates-Overseas |
SY ENERGY PTE.LTD. SINGAPORE SYI INDIA PVT.LTD. INDIA FARWEST STEEL CO. USA WESTERN COATING INC USA FARWEST STEEL CONTRACTING INC. USA FARWEST STEEL REINFORCING CO. USA FARWEST STEEL FABRICATION CO. USA GS AROMATICS PTE. LTD SINGAPORE ACENOCEAN SINGAPORE QINGDAO LIDONG CHEMICAL CO.,
LTD. CHINA QINGDAO LIXING LOGISTICS CO.,
LTD. CHINA GS AROMATICS (QINGDAO)
CHEMICAL. CO.,LTD. CHINA QINGDAO LIXING TANK TERMINAL
CO., LTD. CHINA OCEAN GLORY PTE. LTD. SINGAPORE COSMO(KANGSHO)PIPE INDUSTRIES
CO., LTD. CHINA COSMO VIETNAM CO.,LTD. VIETNAM COSMO GLOBAL(BEIJING) TRADING
CO., LTD. CHINA SLEEP METHODS, INC. USA NATIONAL D&I RUSSIA COSMO & COMPANY, INC. USA COSMO & COMPANY CO., LTD. JAPAN COSMO NOBLE TOUR CO., LTD. JAPAN BOGNER ASIA LIMITED HONG KONG GS ENERGY AMERICAS INC. USA NEMAHA EXPLORATION AND
PRODUCTION LLC USA GS ENERGY(JIANGIN) PLASTICS
CO., LTD CHINA GS GLOBAL E&P (AMERICA)
CORPORATION USA GS GLOBAL (NEMAHA) LLC USA GS TECHNICAL
CONSULTING&SERVICE (DEZHOU) CO.,LTD. CHINA LURODA LUBRICANTS (TIANJIN) CO., LTD.(CHINA) (47.35% held by the subject company) |
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
BANGLADESH BLOCK 7 (45.0% held by the subject
company) WEST KAMCHATKA SHELF AREA (4.0% held by the subject
company) THAILAND SHELF AREA (30% held by the subject
company) |
|
Subsidiary |
GS
MBIZ.CO.,LTD.(110111-2123571) (100.00%
held by the subject company) INNOPOLYTECH CORPORATION
(154311-0009826) (100.00%
held by the subject company) GS GREENTECH
CO.,LTD.(110111-1007023) (100.00%
held by the subject company) AMCO LTD.(110111-3593252) (100.00%
held by the subject company) SANGJI SHIPPING CO.,
LTD.(110111-1004243) (100.00%
held by the subject company) GS ECOMETAL CO.,
LTD.(230111-0168657) (100.00%
held by the subject company) GS BIO CO.,LTD.(110111-4303030) (100.00%
held by the subject company) |
|
Subsidiary |
GS CALTEX SINGAPORE PTE., LTD. (100.00%
held by the subject company) GS CALTEX (LANGFANG) PLASTICS
CO., LTD. (100.00%
held by the subject company) GS CALTEX (QINGDAO) ENERGY CO.,
LTD. (100.00%
held by the subject company) GS CALTEX (QINGDAO) PETROLEUM
CO., LTD. (100.00%
held by the subject company) GS CALTEX (JINAN) ENERGY CO.,
LTD. (100.00%
held by the subject company) GS CALTEX (YANTAI) ENERGY CO,
LTD. (100.00%
held by the subject company) GS CALTEX INDIA PTE., LTD. (100.00%
held by the subject company) GSC (SUZHOU) PLASTICS CO., LTD. (100.00%
held by the subject company) GSC CZECH S.R.O. (100.00%
held by the subject company) GSC CHINA. CO., LTD. (100.00%
held by the subject company) GS CALTEX TRADING (SUZHOU) CO., LTD. (100.00%
held by the subject company) LURODA LUBRICANTS (TIANJIN) CO., LTD. (65.0% held by the subject company) GS CALTEX MEXICO S.DE R.L.DE C.V. (100.00%
held by the subject company) |
|
Corporate Ownership |
GS HOLDINGS
CORP.(110111-3045112) GS ENERGY CORPORATION(110111-4765412) CHEVRON (OVERSEAS) HOLDINGS
LTD. CHEVRON GLOBAL ENERGY INC. |
|
Major Shareholders |
GS HOLDINGS
CORP.(110111-3045112) CHEVRON (OVERSEAS) HOLDINGS
LTD. CHEVRON GLOBAL ENERGY INC. |
|
Cooperative Enterprise |
-Insured Company LIG INSURANCE CO., LTD.(110111-0017859) -Agreement for Procedure
License with AXENS CD TECH TEXACO/HTAS STRATCO U.S.A. MONSANTO CHEVRON LUMMUS GLOBAL, LLC UOP/HTAS NIKKI-UNIVERSAL(UOP JAPAN) GTC INC. U.S.A EXXONMOBIL GTC INC. U.S.A |
Sales
by Region (Activity & Markets)
|
Sales/ Unit :Mil KRW |
2017 |
2016 |
2015 |
|
Export |
21,552,676 |
18,243,170 |
19,543,912 |
|
Domestic |
8,765,756 |
7,527,073 |
8,795,312 |
|
Others |
-1,694,731 |
-2,286,992 |
-1,465,402 |
|
Total |
28,623,701 |
23,483,251 |
26,873,822 |
The Subject deals with the companies in USA, China, Oman,
Saudi Arabia and Indonesia.
Court Action
No
Records.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.22 |
|
|
1 |
INR 90.88 |
|
Euro |
1 |
INR 80.99 |
|
KRW |
1 |
INR 0.063 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KET |
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.