MIRA
INFORM REPORT
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Report Date : |
10.07.2007 |
IDENTIFICATION DETAILS
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Name : |
KJ PERSONS CO., LTD. |
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Registered Office : |
1st FL., 277-58,
Seongsu-dong 2(i)-ga, Seongdong-gu, |
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Country : |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
07/06/1995 |
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Legal Form : |
Company Limited by shares |
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Line of Business : |
Manufacture of Leather Garments |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Basic
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Company
Name |
KJ PERSONS CO., LTD. |
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Registered Address |
277-58, Seongsu-dong 2(i)-ga,
Seongdong-gu, |
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Building |
1st FL. |
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Zip Code |
133-120 |
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Tel |
+82-2-2205-1701 |
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Fax |
+82-2-2205-1708 |
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E-mail |
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Trading Address |
1st
FL., 277-58,
Seongsu-dong 2(i)-ga, Seongdong-gu, |
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Tel |
+82-2-2205-1701 |
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Fax |
+82-2-2205-1708 |
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Type |
Import/Export |
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Industry |
Manufacture of Leather Garments |
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Established (mm/dd/yyyy) |
07/06/1995 |
The Subject
occupies the premises of registered address by leasing base.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Clothing(53100000) |
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Sell |
Leather Clothing |
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Sell |
Raw Materials for Clothing |
CEO’s
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Name |
Yoon Han-Kwon |
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Address |
2213, Daehwa-dong, Ilsan-gu, Goyang-si, |
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Date of Birth |
12/29/1957 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
250,000,000 KRW |
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Employees |
12 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Shinhan Bank Hana Bank |
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Corporate Registered No. |
110111-1171638 |
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Business Registered No. |
118-81-12067 |
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Permit & Licenses |
Int’l Trade No.: 11186191 |
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Shareholder Position |
N/A |
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Company History |
06/28/1995 Incorporated as Woosung
Overseas Trading Co., Ltd. 12/30/1998 Increased capital to
250,000,000 KRW from 50,000,000 KRW 12/10/2002 Changed company name to the present
name 05/08/2006 Moved to the present address
from 915-10, Bangbae-dong, Seocho-gu, |
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The Subject
manufactures the domestic 30 brands women’s leather garments by OEM system, and
exports 20% out of sales to
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Yoon Han-Kwon |
Male |
Korean |
06/28/1995 |
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Director |
Mr. |
Yoon Joo-Sung |
Male |
Korean |
06/16/2006 |
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Auditor |
Mr. |
Kang Young-Joon |
Male |
Korean |
06/20/2007 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
2004 |
3,314,000,000 |
2,127,000,000 |
63,000,000 |
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2003 |
3,831,000,000 |
1,716,000,000 |
104,000,000 |
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2002 |
5,521,000,000 |
1,773,000,000 |
182,000,000 |
The latest financial is not available.
Financial Description
Unit: KRW
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Authorized Capital |
800,000,000 |
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Paid-Up Capital |
150,000,000 |
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Total Issues Shares |
50,000 |
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Balance Sheet |
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Unit : Million Korean Won |
As of 12/31/2004 |
As of 12/31/2003 |
As of 12/31/2002 |
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Total Assets |
2,127 |
1,716 |
1,773 |
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Current Assets |
1,931 |
1,536 |
1,575 |
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-Quick Assets |
508 |
839 |
1,223 |
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-Inventories |
1,423 |
697 |
352 |
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Fixed Assets |
196 |
180 |
198 |
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-Investment |
78 |
121 |
132 |
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-Tangibles |
118 |
59 |
66 |
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-Intangibles |
- |
- |
- |
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Total Liabilities |
1,103 |
755 |
916 |
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Current Liabilities |
1,095 |
721 |
870 |
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Fixed Liabilities |
8 |
34 |
46 |
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Capital Stock |
250 |
250 |
250 |
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Capital Surplus |
- |
- |
- |
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Profit Surplus |
774 |
711 |
607 |
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Capital Adjustment |
- |
- |
- |
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Total Equity |
1,024 |
961 |
857 |
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Liab. & Shareholder’s Equity |
2,127 |
1,716 |
1,773 |
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Income Statement |
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Unit : Million Korean Won |
As of 12/31/2004 |
As of 12/31/2003 |
As of 12/31/2002 |
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Sales |
3,314 |
3,831 |
5,521 |
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Cost of Sold Goods |
2,679 |
3,136 |
4,936 |
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Gross Profit |
635 |
695 |
585 |
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Selling & Admin. Expenses |
463 |
453 |
396 |
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Operating Income |
172 |
242 |
189 |
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Non-Operating Income |
29 |
65 |
218 |
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Non-Operating expenses |
108 |
153 |
170 |
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Ordinary Income |
93 |
154 |
237 |
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Special Income |
- |
- |
- |
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Income Before Taxes |
93 |
154 |
237 |
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Income Taxes Expenses |
30 |
50 |
55 |
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Net Income |
63 |
104 |
182 |
Products,
Technologies, Services
Description
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Main Products & Services |
Leather Jackets, Leather Skirts, Leather
Coats |
Sales by Region (Activity
& Markets)
The Subject exports to
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/normal. |
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%)