MIRA
INFORM REPORT
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Report Date : |
27.06.2007 |
IDENTIFICATION DETAILS
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Name : |
IS LEATHERS |
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Registered Office : |
316-20, Seongsu 2-ga 3(sam)-dong, Seongdong-gu, |
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Country : |
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Date of Incorporation : |
-- |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesales of Leather |
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 |
IS LEATHERS |
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Registered Address |
316-20, Seongsu 2-ga
3(sam)-dong, Seongdong-gu, |
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Zip Code |
133-835 |
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Tel |
+82-2-465-3810 |
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Fax |
+82-2-465-3811 |
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E-mail |
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Trading Address |
316-20, Seongsu 2-ga
3(sam)-dong, Seongdong-gu, |
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Tel |
+82-2-465-3810 |
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Fax |
+82-2-465-3811 |
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Type |
Import |
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Industry |
Wholesales of Leather |
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Main Business |
Leather Products |
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Established (mm/dd/yyyy) |
N/A |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Leather |
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Sell |
Leather Products |
CEO’s
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Name |
N/A |
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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 |
2 |
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Formation |
Sole Proprietorship |
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Bank Details |
Industrial Bank of |
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Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
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Business Registered No. |
N/A |
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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 |
N/A |
Due to lack of the
information, we contacted the subject directly and talked with Mr. Chang
Jin-Kwon/Manager. He confirmed that they are importing the leathers and distributes
to the domestic market.
And he confirmed of
the basic information on the subject company. However, he did not want to open
their information because he does not know who is about to get.
In our request for the
further information, he would like to open when we open your client name. So
please let us know if your client gives us the authority to reveal their name
in order to try once again.
In the interview,
he advised us that they are using a Korean agent for the smoothing
communication with the overseas suppliers, instead of dealing with the
suppliers directly. But he did not open the name of the agent as well.
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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Owner |
Mr. |
Unknown |
Male |
Korean |
N/A |
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Manager |
Mr. |
Chang Jin-Kwon |
Male |
Korean |
N/A |
Financials
The financial is not available.
Products,
Technologies, Services
Description
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Main Products & Services |
Leather Products |
Trade Partners
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Suppliers |
Mr. Chang advised that they have several
suppliers and one of them is called as |
Sales by Region (Activity
& Markets)
The Subject imports the leather from other 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/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%)