MIRA INFORM REPORT

 

 

Report Date :

17.01.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

KUK JEON PHARM. CO., LTD.

 

 

Registered Office :

257, Gajae-ri, Paltan-myeon, Hwaseong-si, Gyeonggi-do, Korea 445-911

 

 

Country :

South Korea

 

 

Date of Incorporation :

26.07.1995

 

 

Com. Reg. No.:

208-81-25074

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Wholesaler of Other Chemical Materials and Chemical Products

 

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 :

No Complaints

 

 

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

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

South Korea

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Basic

 

Company Name

KUK JEON PHARM. CO., LTD.

(Korean Company Name : “()국전약품”)

Registered Address

257, Gajae-ri, Paltan-myeon, Hwaseong-si, Gyeonggi-do, Korea

Zip Code

445-911

Tel

+82-31-352-8129

Fax

+82-31-352-8176

E-mail

hjh1215@kukjeon.co.kr ; pharm@kukjeon.co.kr  ; antibox@kukjeon.co.kr 

Website

www.kukjeon.co.kr

Trading Address

257, Gajae-ri, Paltan-myeon, Hwaseong-si, Gyeonggi-do, Korea

Tel

+82-31-352-8039

Fax

+82-31-352-8230

Other Address

Rm.101, Boram Bldg., 954-17, Bangbae-dong, Seocho-gu, Seoul, Korea

Tel

+82-2-3486-2246

Fax

+82-2-3486-2283

Type

Export/Import

Industry

Wholesale of Other Chemical Materials and Chemical Products

  Main Business

Pharmaceutical Raw Materials

Established (mm/dd/yyyy)

07/26/1995

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Indicators and Reagents(12161500)

 

 

CEO’s

 

Name

Hong Jong-Ho

Address

Suite 112-801, 10, Seokgwan-dong, Seongbuk-gu, Seoul, Korea

Date of Birth

12/15/1971

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

1,350,000,000

Employees

19

Formation

Co., Ltd by shares

Bank Details

Shinhan Bank- Jongno 5-ga Branch

Woori Bank-Jongro 6Ga Branch

Corporate Registered No.

110111-1181140

Business Registered No.

208-81-25074

Permit & Licenses

Int’l Trade No.: 11553663

Shareholder Position

N/A

Company History

07/26/1995 Incorporated as the present name

03/29/2006 Moved to the present HQ address from 208, 269, Hyoje-dong, Jongno-gu, Seoul, Korea

06/03/2008 Increased capital to 1,350,000,000 KRW from 1,150,000,000 KRW

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Hong Jong-Ho

Male

Korean

05/20/2008

Director

M/S.

Shim Soon-Sun

Female

Korean

08/20/1998

Director

M/S.

Shim Ok-Sun

Female

Korean

03/29/2009

Auditor

Mr.

Hong Jong-Hoon

Male

Korean

08/09/1995

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2009

 

 

530,330,000

2008

 

 

347,130,000

2007

 

 

306,140,000

2006

7,144,000,000

3,329,000,000

267,090,000

2005

5,371,000,000

3,504,000,000

70,000,000

2004

 

 

 

2003

 

 

 

The full financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

 

 

Financial Description

 

Authorized Capital(KRW)

4,000,000,000

Paid-Up Capital(KRW)

1,350,000,000

Total Issues Shares

135,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Pharmaceutical Raw Materials

 

Trade Partners & Competitors

 

Customers

Domestic, Hospitals, pharmacies, pharmaceutical companies, pharmaceutical wholesalers etc.

Competitors

ASAN PHARMACEUTICAL CO., LTD.

73, YEONGCHEON-RI, DONGTAN-MYEON, HWASEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-376-5990  FAX:+82-31-376-5993

 

SAMCHUN PURE CHEMICAL CO., LTD.

10B-5L, SONGTAN INDUSTRIAL COMPLEX, 440-3, MOGOK-DONG, PYEONGTAEK-SI, GYEONGGI-DO, KOREA

TEL:+82-31-668-0700~4  FAX:+82-31-665-7482

 

BLUEWAVE CORPORATION

501-22, BYUCKSAN GRAND CORE, 1125-2, INGYE-DONG, PALDAL-GU, SUWON-SI, GYEONGGI-DO, KOREA

TEL:+82-31-239-8004  FAX:+82-31-239-8006

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

----

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.30

UK Pound

1

Rs.71.73

Euro

1

Rs.60.40

 

 

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

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

----

NB

New Business

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.