MIRA INFORM REPORT
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Report Date : |
26.02.2011 |
IDENTIFICATION DETAILS
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Name : |
JEDA CORPORATION |
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Registered Office : |
455-1, Bangbae 2-dong, Seocho-gu, Seoul, Korea, Rm. 202, Gyeongui Bldg., Zip Code 137-819 |
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Country : |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
21.01.1986 |
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Com. Reg. No.: |
104-81-34820 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesale of Other Industrial Machinery and Equipment |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic
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Company
Name |
JEDA CORPORATION (Korean Company Name : “(주)제다”) |
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Registered Address |
455-1, Bangbae 2-dong, Seocho-gu, |
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Building |
Rm. 202, Gyeongui Bldg. |
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Zip Code |
137-819 |
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Tel |
+82-2-581-4966 |
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Fax |
+82-2-581-4969 |
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E-mail |
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Trading Address |
Rm. 202, Gyeongui Bldg., 455-1, Bangbae
2-dong, Seocho-gu, |
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Tel |
+82-2-581-4966 |
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Fax |
+82-2-581-4969 |
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Type |
Export |
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Industry |
Wholesale of Other Industrial Machinery and Equipment |
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Main Business |
Textile Machinery |
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Established (mm/dd/yyyy) |
01/21/1986 |
The Subject
occupies the premises of registered HQ address by leasing base.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Textile processing machinery and
accessories(23121500) |
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Sell |
Industrial drying equipment(23201200) |
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Sell |
Winders(23151904) |
CEO’s
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Name |
Kim Ik-Kyoon |
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Address |
888-25, Bangbae-dong, Seocho-gu, |
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Date of Birth |
08/19/1948 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
1,800,000,000 |
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Employees |
3 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Kookmin Bank-Toikyero Branch Korea Exchange Bank-Sadang Dong Branch |
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Corporate Registered No. |
110111-0415904 |
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Business Registered No. |
104-81-34820 |
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Permit & Licenses |
Int’l Trade No.: 863357 |
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Shareholder Position |
N/A |
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Company History |
01/21/1986 Incorporated
as the present name 05/16/1997
Moved to Rm. 401, Sinjin Officetel, 439-1, Bangbae 2-dong, Seocho-gu, 06/20/1997
Increased capital to 1,800,000,000 KRW from 1,000,000,000 KRW 04/08/2008 Moved to the present HQ address
from Rm. 401, Sinjin Officetel, 439-1, Bangbae 2-dong, Seocho-gu, |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Kim Ik-Kyoon |
Male |
Korean |
03/31/1992 |
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Director |
Mr. |
Kim Yi-Jin |
Male |
Korean |
02/04/2009 |
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Director |
Mr. |
Kim Young-Min |
Male |
Korean |
03/31/2010 |
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Auditor |
Mr. |
Yoo Hee-Chul |
Male |
Korean |
03/31/1994 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2008 |
1,252,000,000 |
4,530,000,000 |
26,000,000 |
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2007 |
1,175,000,000 |
4,286,000,000 |
65,000,000 |
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2006 |
1,614,000,000 |
4,096,000,000 |
26,000,000 |
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2005 |
1,160,000,000 |
4,197,000,000 |
5,000,000 |
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2004 |
4,483,000,000 |
4,437,000,000 |
40,000,000 |
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2003 |
6,500,000,000 |
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The latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
Financial Description
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Authorized Capital(KRW) |
4,000,000,000 |
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Paid-Up Capital(KRW) |
1,800,000,000 |
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Total Issues Shares |
180,000 |
Balance Sheet
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Unit : Million Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
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Total Assets |
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4,530 |
4,286 |
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Current Assets |
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1,416 |
1,167 |
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-Quick Assets |
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1,416 |
1,149 |
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-Inventories |
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- |
18 |
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Fixed Assets |
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3,114 |
3,119 |
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-Investment |
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2,226 |
2,226 |
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-Tangibles |
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- |
5 |
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-Intangibles |
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- |
- |
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Total Liabilities |
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2,927 |
2,700 |
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Current Liabilities |
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1,517 |
1,776 |
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Fixed Liabilities |
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1,410 |
924 |
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Capital Stock |
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1,800 |
1,800 |
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Capital Surplus |
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- |
- |
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Profit Surplus |
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(-)197 |
(-)213 |
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Capital Adjustment |
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- |
- |
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Total Equity |
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1,603 |
1,587 |
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Liab. &
Shareholder’s Equity |
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4,530 |
4,286 |
Income Statement
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Unit : Million Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
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Sales |
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1,252 |
1,175 |
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Cost of Sold Goods |
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863 |
790 |
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Gross Profit |
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389 |
384 |
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Selling & Admin. Expenses |
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222 |
254 |
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Operating Income |
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167 |
130 |
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Non-Operating Income |
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39 |
53 |
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Non-Operating Expenses |
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181 |
118 |
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Ordinary Income |
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26 |
65 |
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Special Income |
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- |
- |
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Income Before Taxes |
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26 |
65 |
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Income Taxes Expenses |
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- |
- |
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Net Income |
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26 |
65 |
Products, Technologies, Services Description
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Main Products & Services |
Textile Machinery |
Trade Partners & Competitors
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Competitors |
SUNSTAR PRECISION CO., LTD. 178-67, GAJWA 1-DONG, SEO-GU, TEL:+82-32-580-5800 FAX:+82-32-571-4546 A. M. S. CORPORATION RM. 708, TEL:+82-2-3431-1692 FAX:+82-2-3431-1695 TAEWON S & G LTD. 478-3, ONCHEON 1-DONG, DONGNAE-GU, TEL:+82-51-558-1911~4 FAX:+82-51-555-3561 |
Sales by Region
(Activity & Markets)
The Subject exports to
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.37 |
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1 |
Rs.73.25 |
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Euro |
1 |
Rs.62.68 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.