MIRA INFORM REPORT

 

 

Report Date :

26.07.2007

 

IDENTIFICATION DETAILS

 

Name :

JNC CORPORATION

 

 

Registered Office :

3FL., Kwangyoon B/D., 863-10, Daerim 1(il)-dong, Yeongdeungpo-gu, Seoul – 150-818

 

 

Country :

Korea

 

 

Date of Incorporation :

2000

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesales of Leather Products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 


Basic

 

Company Name

JNC CORPORATION

Registered Address

863-10, Daerim 1(il)-dong, Yeongdeungpo-gu, Seoul, Korea

Building

3FL., Kwangyoon B/D.

Zip Code

150-818

Tel

+82-2-832-9052

Fax

+82-2-832-9054

E-mail

saejae8273@korea.com

Trading Address

3FL., Kwangyoon B/D., 863-10, Daerim 1(il)-dong, Yeongdeungpo-gu, Seoul, Korea

Tel

+82-2-832-9053

Fax

+82-2-832-9054

Type

Import/Export

Industry

Wholesales of Leather Products

Established (mm/dd/yyyy)

2000

 

The Subject occupies the premises of registered address by leasing base.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Leather Products

Sell

Fur Products

 

 

CEO’s

 

Name

Kim Bong-Ja

Title

Owner

Sex

Female

Nationality

Korean

 

 

Profiles

 

Capital

Not Applicable to the Sole Proprietorship

Employees

5

Formation

Sole Proprietorship

Bank Details

Industrial Bank of Korea

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

114-07-46982

Permit & Licenses

N/A

Shareholder Position

The owner has 100% shares

Company History

2000

 

The Subject imports the leather from India and wholesales to the domestic manufacturers of leather products.

 

Due to lack of the information, we have talked with M/S. Oh Ha-Na/Manager. She confirmed of their basic information and they import the leather from India through the agent, and distribute to the domestic leather products manufacturers.

 

And the total employees including SAEJAE MULSAN CO., LTD’s one is over 10, and they are working together fro two companies, the subject and SAEJAE MULSAN CO., LTD., an affiliated company.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

Owner

M/S.

Kim Bong-Ja

Female

Korean

2000

 

 

Financials                                                

 

The financial is not available.

 

 

 

Products, Technologies, Services

Description

 

Main Products & Services

Leather Products and Fur Products

 

 

Related Parties (Subsidiaries, Joint-

Venture & Affiliates)

 

Affiliates

SAEJAE MULSAN CO., LTD.

 

 

Sales by Region (Activity & Markets)

 

The Subject imports the leather from India.

 

 

Court Action

 

Not Available.

 


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions