MIRA
INFORM REPORT
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Report Date : |
13.06.2007 |
IDENTIFICATION DETAILS
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Name : |
JUNG MYUNG METAL CO., LTD. |
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Registered Office : |
Rm. 501, BYC Bldg., 706-5, Gojan-dong, Danwon-gu, Ansan-si, Gyeonggi-Do – 425-906 |
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Country : |
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Date of Incorporation : |
11/16/2006 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesale of Metal Plates, Bars, Pipes, and Basic Metals |
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 |
JUNG MYUNG METAL CO., LTD. |
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Registered Address |
706-5, Gojan-dong, Danwon-gu, Ansan-si, |
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Building |
Rm. 501, BYC Bldg. |
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Zip Code |
425-906 |
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Tel |
+82-31-402-7113 |
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Fax |
+82-31-402-7005 |
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Website |
Rm. 501, BYC Bldg., 706-5, Gojan-dong, Danwon-gu, Ansan-si, |
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Trading Address |
+82-31-402-7115 |
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Tel |
+82-31-402-7005 |
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Type |
Export |
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Industry |
Wholesale of Metal Plates, Bars, Pipes, and Basic Metals |
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Main Business |
Steel Bars, Steel Angles, Wire, Wire Rod |
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Established (mm/dd/yyyy) |
11/16/2006 |
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 |
Steel Bars |
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Sell |
Steel Angles |
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Sell |
Wire |
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Sell |
Wire Rod |
CEO’s
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Name |
Mok Jin-Keun |
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Address |
807, Janggok-dong, Siheung-si, |
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Date of Birth |
10/12/1963 |
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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 |
660,000,000 KRW |
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Employees |
3 |
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Formation |
Co., Ltd by shares |
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Bank Details |
N/A |
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Corporate Registered No. |
131411-0189079 |
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Business Registered No. |
134-86-***** (Full number is not
available.) |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
09/09/2002 Established as JK METAL
CO.(Business Reg. No.:126-12-74622) 01/01/2006 Changed company name to JUNG
MYUNG METAL CO. 11/16/2006 Incorporated as the present
name 11/17/2006 Increased the authorized shares
number to 240,000 shares from 24,000 shares 12/28/2006 Increased capital to
660,000,000 KRW from 300,000,000 KRW |
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The subject
wholesales steel products and exports to
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Mok Jin-Keun |
Male |
Korean |
11/16/2006 |
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Director |
Mr. |
Lee Hee-Seol |
Male |
Korean |
11/16/2006 |
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Auditor |
M/S. |
Lee Sook-Jin |
Female |
Korean |
11/16/2006 |
Financials
The financial is not available.
Financial Description
Unit: KRW
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Authorized Capital |
1,200,000,000 |
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Paid-Up Capital |
660,000,000 |
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Total Issues Shares |
132,000 |
Products,
Technologies, Services
Description
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Main Products & Services |
Steel Products |
Sales by Region (Activity
& Markets)
The Subject Company exports the steel products to
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%)