MIRA
INFORM REPORT
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Report Date : |
19.06.2007 |
IDENTIFICATION DETAILS
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Name : |
YEJI MIIN CO., LTD. |
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Registered Office : |
563-13, Sipjeong-dong, Bupyeong-gu, Incheon -
403-130 |
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Country : |
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Financials (as on) : |
31.12.2003 |
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Date of Incorporation : |
09/02/2002 |
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Legal Form : |
Company Limited by shares |
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Line of Business : |
Manufacture of Sanitary Paper 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/normal. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
Basic
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Company
Name |
YEJI MIIN CO., LTD. |
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Registered Address |
563-13, Sipjeong-dong,
Bupyeong-gu, |
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Zip Code |
403-130 |
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Tel |
+82-32-583-3344 |
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Fax |
+82-32-571-7722 |
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E-mail |
webmaster@yejimiin.com |
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Website |
www.yejimiin.com; www.purelyn.net |
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Trading Address |
563-13, Sipjeong-dong,
Bupyeong-gu, |
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Tel |
+82-32-583-3344 |
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Fax |
+82-32-571-7722 |
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Type |
Export/Import |
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Industry |
Manufacture of Sanitary Paper Products |
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Main Business |
Sanitation Pads for Women, Sanitary
Napkin |
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Established (mm/dd/yyyy) |
09/02/2002 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Feminine hygiene products(53131615) |
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Sell |
Sanitation Pads for Women |
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Sell |
Sanitary Napkin |
CEO’s
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Name |
Lee Young-Kyu |
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Address |
726-3, Irwon-dong, Gangnam-gu, |
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Date of Birth |
11/10/1959 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Mr. Lee Young-Kyu is also a president of Silver Star Corporation (110111-0860216).
Profiles
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Capital |
9,102,000,000 KRW |
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Employees |
35 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Industrial Bank of |
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Corporate Registered No. |
120111-0296039 |
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Business Registered No. |
121-81-55266 |
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Permit & Licenses |
01/2005 ISO 9001 03/2005 Approved Yejimiin Sanitation Pads
for Women by |
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Shareholder Position |
Silver Star Corporation(110111-0860216) has 100% shares. |
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Company History |
09/02/2002 Established as PURELYN CO.,
LTD. 01/04/2006 Mr. Song Seung-Jae has resigned
from CEO position. 09/29/2006 Changed company name to the
present name 09/29/2006 Moved to the present address
from 473, Gajwa-dong, Seo-gu, 12/19/2006 Increased capital to
2,102,000,000 KRW from 1,802,000,000 KRW 04/26/2007 Mr. Ki Joong-Hyun has resigned
from CEO position. 04/26/2007 Silver Star Corporation(110111-0860216)
has acquired the subject’s all shares(10,300,000,000 KRW). 04/27/2007 Increased the authorized shares
number to 4,000,000 shares from 280,000 shares 05/01/2007 Increased capital to
9,102,000,000 KRW from 2,102,000,000 KRW |
The Subject
manufactures Sanitation Pads for Women which are made in the Natural Herbal
Materials, and exports them to
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Lee Young-Kyu |
Male |
Korean |
04/27/2007 |
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Director |
Mr. |
Ahn Yong-Joon |
Male |
Korean |
01/04/2006 |
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Director |
Mr. |
Lee Kyung-Joo |
Male |
Korean |
04/27/2007 |
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Auditor |
Mr. |
Song Young-Seob |
Male |
Korean |
04/27/2007 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
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19,200,000,000 |
11,082,180,000 |
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2005 |
5,800,000,000 |
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2004 |
951,000,000 |
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2003 |
243,000,000 |
2,688,000,000 |
-435,000,000 |
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2002 |
- |
1,297,000,000 |
-98,000,000 |
The Subject 2007’s
sales are expected as 32,000,000,000 KRW.
Financial Description
Unit: KRW
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Authorized Capital |
40,000,000,000 |
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Paid-Up Capital |
9,102,000,000 |
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Total Issues Shares |
910,200 |
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Balance Sheet |
|||
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Unit : Million Korean Won |
Asof12/31/2003 |
Asof12/31/2002 |
As of 12/31/2001 |
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Total Assets |
2,688 |
1,297 |
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Current Assets |
351 |
585 |
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-Quick Assets |
185 |
585 |
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-Inventories |
166 |
- |
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Fixed Assets |
2,337 |
712 |
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-Investment |
2,263 |
98 |
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-Tangibles |
57 |
453 |
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-Intangibles |
17 |
161 |
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Total Liabilities |
1,437 |
204 |
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Current Liabilities |
1,437 |
204 |
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Fixed Liabilities |
- |
- |
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Capital Stock |
1,802 |
1,200 |
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Capital Surplus |
- |
- |
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Profit Surplus |
-542 |
-100 |
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Capital Adjustment |
-7 |
-4 |
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Total Equity |
1,251 |
1,093 |
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Liab. & Shareholder’s Equity |
2,688 |
1,297 |
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Income Statement |
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Unit : Million Korean Won |
Asof12/31/2003 |
Asof12/31/2002 |
As of 12/31/2001 |
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Sales |
243 |
- |
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Cost of Sold Goods |
198 |
- |
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Gross Profit |
45 |
- |
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Selling & Admin. Expenses |
483 |
101 |
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Operating Income |
-438 |
-100 |
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Non-Operating Income |
5 |
2 |
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Non-Operating expenses |
3 |
- |
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Ordinary Income |
-435 |
-98 |
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Special Income |
- |
- |
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Income Before Taxes |
-435 |
-98 |
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Income Taxes Expenses |
- |
- |
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Net Income |
-435 |
-98 |
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Products,
Technologies, Services
Description
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Main Products & Services |
Sanitation Pads for Women,
Sanitary Napkin Brand Name: YEJIMIIN |
Trade Partners
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Customers |
The Subject distributes its products
through major marts including Wal-Mart, Carrefour. |
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Competitors |
The Subject accounts for 10% domestic
market share. |
Related Parties
(Subsidiaries, Joint-
Venture &
Affiliates)
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Affiliates |
Silver Star Corporation(110111-0860216) 212-24, Guro 3-dong, Guro-gu, TEL:82-2-2107-6600 FAX:82-2-539-2183 Homepage:www.silverstar2000.com Industry: Microfiber Cleaner, Cleaning Article,
Life Article, Bathing Article, Semi-Conductor Windshield Wiper, Aqua
Transformer |
Sales by Region (Activity
& Markets)
The Subject exports the products 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%)