MIRA INFORM REPORT

 

 

Report Date :

26.10.2007

 

IDENTIFICATION DETAILS

 

Name :

SJ INTERCORP

 

 

Registered Office :

724, Suseo-dong, Gangnam-gu, Seoul,

 

 

Country :

Korea (South)

 

 

Date of Incorporation :

23.08.1991

 

 

Legal Form :

Company Limited by shares

 

 

Line of Business :

Wholesale of Foot Wear and its Accessories

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 


Basic Information

 

 

Company Name

SJ INTERCORP.

Registered Address

724, Suseo-dong, Gangnam-gu, Seoul, Korea

Building

Rm. 1224, Rosedale Officetel

Zip Code

135-744

Tel

+82-2-3413-2850

Fax

+82-2-3413-2854

E-mail

sun544@ktnet.co.kr

Trading Address

Rm. 1224, Rosedale Officetel, 724, Suseo-dong, Gangnam-gu, Seoul, Korea

Tel

+82-2-3413-2850

Fax

+82-2-3413-2854

Type

Export/Import

Industry

Wholesale of Foot Wear and its Accessories

  Main Business

Socks, Gloves, Stockings

Established (mm/dd/yyyy)

08/23/1991

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Socks

Sell

Gloves

Sell

Stockings

 

 

CEO’s

 

Name

Han Jung- Im

Address

354-10, Bisan-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea

Date of Birth

03/23/1970

Title

President & CEO

Sex

Female

Nationality

Korean

 

 

Profiles

 

Capital

200,000,000 KRW

Employees

3

Formation

Co., Ltd by shares

Bank Details

S.C First Bank of Korea-Eonjuro Branch

Corporate Registered No.

110111-0796544

Business Registered No.

120-81-32178

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

08/07/1991 Incorporated as Sunjin Textiles Co., Ltd.

12/29/1998 Increased capital to 200,000,000 KRW from 50,000,000 KRW

12/28/2001 Moved to the present address from 38-29, Samseong-dong, Gangnam-gu, Seoul, Korea

10/27/2004 Changed company name to the present name

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

President & CEO

M/S.

Han Jung- Im

Female

Korean

10/20/2003

Director

Mr.

Ha Tae-Seok

Male

Korean

08/07/1991

Director

M/S.

Byun Jae-Hee

Female

Korean

08/07/1991

Auditor

Mr.

Byun Jae-Hak

Male

Korean

03/15/2006

 

 

Financials                                                

 

Unit: KRW

 

Year

Sales

Assets

Net income

2006

3,598,000,000

 

 

2005

4,435,000,000

 

 

2004

3,857,000,000

 

 

2003

3,900,000,000

 

 

 

Financial Description                                                                                              

Unit: KRW

 

Authorized Capital

200,000,000

Paid-Up Capital

200,000,000

Total Issues Shares

40,000


 

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.

 

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