MIRA
INFORM REPORT
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Report Date : |
29.08.2007 |
IDENTIFICATION DETAILS
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Name : |
ILB TRADING INC. |
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Registered Office : |
302-41, Seongsu 2-ga 3(sam)-dong, Seongdong-gu, |
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Country : |
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Date of Incorporation : |
07/01/2001 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesales of Leather Products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company
Name |
ILB TRADING INC. |
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Registered Address |
302-41, Seongsu 2-ga
3(sam)-dong, Seongdong-gu, |
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Zip Code |
133-835 |
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Tel |
+82-2-462-1621 |
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Fax |
+82-2-462-1622 |
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E-mail |
pjc0918@hanmail.net |
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Trading Address |
302-41, Seongsu 2-ga
3(sam)-dong, Seongdong-gu, |
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Tel |
+82-2-462-1621 |
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Fax |
+82-2-462-1622 |
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Type |
Import |
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Industry |
Wholesales of Leather Products |
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Established (mm/dd/yyyy) |
07/01/2001 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Leather Products |
CEO’s
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Name |
Park Jae-Chul |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
Not Applicable to the
Sole Proprietorship |
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Employees |
3 |
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Formation |
Sole Proprietorship |
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Bank Details |
Kookmin Bank Industrial Bank of Korea-Sungsu Branch |
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Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
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Business Registered No. |
N/A, and it is kept by the National Tax
Office confidentially. |
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Permit & Licenses |
N/A |
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Shareholder Position |
The owner has 100% shares. |
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Company History |
07/01/2001 Established as the present name |
Due to lack of information,
we contacted the subject and talked with Mr. Park Jae-Chul who is the owner of the
subject company.
He confirmed that they are importing leather products from several
countries including
He indicated us that their address has been changed recently, however he
gently denied to confirm of the new one. In our research, we could not identify
the subject’s present address.
In the investigation, we checked the court registry which every co., ltd
type of company should register at, but we could not identify the subject. So
we speculate it is a Sole Proprietorship type of company.
In spite of your supporting of company name as “IBL Inc”, but Mr. Park
Jae-Chul confirmed his company as ILB TRADING INC.
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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Owner |
Mr. |
Park Jae-Chul |
Male |
Korean |
07/01/2001 |
Financials
The latest financial is not available.
Products, Technologies,
Services
Description
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Main Products & Services |
Leather |
Sales by Region (Activity
& Markets)
The Subject imports the leather from Asian Countries including
Court Action
Not Available.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)