MIRA
INFORM REPORT
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Report Date : |
5th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
JU YEONG NS CO., LTD. |
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Registered Office : |
1507-19, Seocho-dong, Seocho-gu, Seoul, Korea |
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Country : |
Korea |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
02.01.2003 |
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Com. Reg. No.: |
214-87-26143 |
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Legal Form : |
Company Limited by shares |
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Line of Business : |
Raw Materials for Foods and Additives for
foods |
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 : |
Usually Correct |
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Litigation : |
Clear |
Basic Information
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Company Name |
JU YEONG NS CO., LTD. |
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Registered Address |
1507-19, Seocho-dong, Seocho-gu, Seoul, Korea |
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Building |
2FL., SONGHYUN B/D. |
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Zip Code |
137-070 |
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Tel |
+82-2-3486-5727 |
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Fax |
+82-2-3471-5423 |
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Type |
Import/Export |
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Industry |
Raw Materials for Foods and Additives for
foods |
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Main Business |
Raw Materials for Health Foods, Health Aid
Foods |
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Established |
01/02/2003 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
OMEGA-3 |
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Sell |
Raw materials for Health Aid Foods |
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Sell |
Functional Raw Materials for Health Foods |
CEO’s
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Name |
Oh Sung-Hoon |
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Address |
San 4-1, Bongcheon-dong, Gwanak-gu, Seoul, Korea |
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Date of Birth |
09/30/1964 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
It is known that Mr. Oh Sung-Hoon has been
engaged in this industry about 20 years.
Profiles
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Capital |
100,000,000 KRW |
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Employees |
8 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Chohung Bank, Seocho Dong Branch |
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Corporate Registered No. |
110111-2684193 |
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Business Registered No. |
214-87-26143 |
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Shareholder Position |
N/A |
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Company History |
1999 Established 01/02/2003 Incorporated as the present
name 04/20/2005 Increased capital to
100,000,000 KRW from 50,000,000 KRW 09/0/2005 Moved to the present address |
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The Subject is established well and good
reputation in the industry.
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Oh Sung-Hoon |
Male |
Korean |
01/02/2003 |
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Director |
Mr. |
Lee Sung-Ji |
Male |
Korean |
01/02/2003 |
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Auditor |
Mr. |
Oh Sung-Wook |
Male |
Korean |
01/02/2003 |
Financials
Unit: KRW
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Year |
Sales |
Assets |
Net income |
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2004 |
4,401,000,000 |
1,336,000,000 |
112,000,000 |
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2003 |
3,031,000,000 |
801,000,000 |
82,000,000 |
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2002 |
2,637,000,000 |
528,000,000 |
63,000,000 |
The subject expects 6,000,000,000 KRW as
sales in 2006.
Financial
Description
Unit: KRW
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Authorized Capital |
200,000,000 |
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Paid-Up Capital |
100,000,000 |
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Total Issues Shares |
20,000 |
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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 |
1,336 |
801 |
528 |
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Current Assets |
1,226 |
726 |
501 |
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-Quick Assets |
409 |
655 |
497 |
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-Inventories |
817 |
71 |
4 |
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Fixed Assets |
110 |
75 |
27 |
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-Investment |
33 |
20 |
11 |
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-Tangibles |
77 |
55 |
16 |
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-Intangibles |
- |
- |
- |
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Total Liabilities |
1,091 |
668 |
202 |
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Current Liabilities |
1,091 |
668 |
202 |
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Fixed Liabilities |
- |
- |
- |
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Capital Stock |
50 |
50 |
325 |
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Capital Surplus |
- |
- |
- |
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Profit Surplus |
195 |
82 |
- |
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Capital Adjustment |
- |
- |
- |
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Total Equity |
245 |
132 |
325 |
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Liab. & Shareholder’s Equity |
1,336 |
801 |
528 |
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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 |
4,401 |
3,031 |
2,637 |
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Cost of Sold Goods |
3,574 |
2,377 |
2,295 |
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Gross Profit |
827 |
654 |
342 |
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Selling
& Admin. Expenses |
690 |
507 |
277 |
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Operating Income |
136 |
147 |
65 |
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Non-Operating Income |
22 |
- |
- |
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Non-Operating expenses |
46 |
49 |
1 |
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Ordinary Income |
112 |
98 |
63 |
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Special Income |
- |
- |
- |
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Income Before Taxes |
112 |
98 |
63 |
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Income Taxes Expenses |
- |
16 |
- |
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Net Income |
112 |
82 |
63 |
Trade
Partners
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Customers |
KT&G, Namyang, Daesang, CJ, Amore
Pacific |
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%)
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