MIRA INFORM REPORT

 

 

Report Date :

26.10.2007

 

IDENTIFICATION DETAILS

 

Name :

J N DIAMONDS CO., LTD.

 

 

Registered Office :

Rm.203, Whangkum-SongAji B/D., 130, Bongik-dong, Jongno-gu, Seoul - 110-390

 

 

Country :

Korea

 

 

Date of Incorporation :

09/11/2004

 

 

Legal Form :

Company Limited by Shares

 

 

Line of Business :

Wholesales of Diamond, Accessories, Jewelry and Watches

 

 

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 :

Usually correct

 

 

Litigation :

Clear


Basic

 

Company Name

J N DIAMONDS CO., LTD.

Registered Address

130, Bongik-dong, Jongno-gu, Seoul, Korea

Building

Rm.203, Whangkum-SongAji B/D.

Zip Code

110-390

Tel

+82-2-763-3562

Trading Address

Rm.203, Whangkum-SongAji B/D.,130, Bongik-dong, Jongno-gu, Seoul, Korea

Tel

+82-2-763-3562

Type

Import/Export

Industry

Wholesales of Diamond, Accessories, Jewelry and Watches

Established (mm/dd/yyyy)

09/11/2004

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Diamond

Sell

Jewelry

Sell

Watches

Sell

Accessories

 

 

CEO’s

 

Name

Jang Ki-Seok

Address

1344, Bangbae-dong, Seocho-gu, Seoul, Korea

Date of Birth

01/01/1967

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

100,000,000 KRW

Employees

7

Formation

Co., Ltd by shares

Bank Details

N/A

Corporate Registered No.

110111-3029041

Business Registered No.

N/A

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

06/11/2004 Incorporated as the present name

 

 

 

It is known that the Subject operates a factory in Mumbai, India, having about 30 employees.

 

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

Representative Director

Mr.

Jang Ki-Seok

Male

Korean

03/20/2007

Director

Mr.

Ko Yi-Duck

Male

Korean

03/20/2007

Auditor

Mr.

Hwan Jun-Sik

 

 

03/20/2007

 

Mr. Ko Yi-Duck/Director was worked as GM Daewoo Motor Company as a Car Salesman, and he had been ranked as the Top Salesman.

 

 

Financials

 

The financial is not available.

 

 

Financial Description    

 

Unit: KRW

Authorized Capital

400,000,000

Paid-Up Capital

100,000,000

Total Issues Shares

20,000

 

 

Products, Technologies, Services

Description

 

Main Products & Services

Diamond, Accessories, Jewelry and Watches

 

 

Sales by Region (Activity & Markets)

 

The Subject imports the diamond from India.

 

 

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