MIRA INFORM REPORT

 

 

Report Date :

18.05.2007

 

IDENTIFICATION DETAILS

 

Name :

JUNG IN TRADING COMPANY

 

 

Registered Office :

507, Maesan-ri, Mohyeon-myeon, Yongin-si, Gyeonggi-do - 449-853

 

 

Country :

Korea

 

 

Date of Incorporation :

01/02/2002

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesales of Other Chemicals

 

 

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

JUNG IN TRADING COMPANY

Registered Address

507, Maesan-ri, Mohyeon-myeon, Yongin-si, Gyeonggi-do, Korea

Zip Code

449-853

Tel

+82-31-322-5740

Fax

+82-31-322-5743

E-mail

azi80@naver.com;choisboss@hanmail.net

Trading Address

507, Maesan-ri, Mohyeon-myeon, Yongin-si, Gyeonggi-do, Korea

Tel

+82-31-322-5740

Fax

+82-31-322-5743

Type

Import/Export

Industry

Wholesales of Other Chemicals

Established (mm/dd/yyyy)

01/02/2002

 

Mr. Moon Jae-Chang owns the premises of registered address.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Dyestuffs

Sell

Cosmetics

Sell

Chemicals for Textiles

Sell

Surface Active Agent

 

 

CEO’s

 

Name

Moon Jae-Chang

(Mobile: +82-11-710-8083)

Title

Owner

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

Not Applicable to the Sole Proprietorship

Employees

3

Formation

Sole Proprietorship

Bank Details

N/A

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

135-11-***** (The full number is not available.)

Permit & Licenses

N/A

Shareholder Position

The owner has 100% shares.

Company History

01/02/2002 Established

 

The Subject imports the raw materials for Dyestuffs and Surface Active Agent from Japan, Italy, USA and Chez, and exports to China & Vietnam, and wholesales domestically to major customers.

 

Due to lack of information, we contacted the subject and we talked with Mr. Moon Jae-Chang. He kindly explained his business activities, and if he knows who is about to know of their company, we would inform us the further information.  Mr. Moon has been engaged in this industry over 20 years.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

Owner

Mr.

Moon Jae-Chang

Male

Korean

01/02/2002

 

 

Sales by Region (Activity & Markets)

 

The Subject imports from Italy, USA, Japan, India and Chez, and exports to Vietnam & China.

 

 

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