MIRA INFORM REPORT

 

 

Report Date :           

07.07.2011

 

IDENTIFICATION DETAILS

 

Name :

I BIG PLUS CO., LTD.

 

 

Formerly Known As :

I BIG INC.

 

 

Registered Office :

159, Samseong 1-dong, Gangnam-gu, Seoul, Korea, C-55, 2nd Fl., COEX, Zip Code 135-731

 

 

Country :

South Korea

 

 

Date of Incorporation :

20.08.2007

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesale of Materials for Recycling and Other Specialized Goods

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company 

 

 

Payment Behaviour :

Unknown

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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

I BIG PLUS CO., LTD.

(Korean Company Name : “아이빅플러스(주)”)

Registered Address

159, Samseong 1-dong, Gangnam-gu, Seoul, Korea

Building

C-55, 2nd Fl., COEX

Zip Code

135-731

Tel

+82-2-6000-4460

Fax

+82-2-6000-4461

E-mail

ibiginc@hanmail.net;nasen@paran.com

Website

www.ibiginc.com

Trading Address

C-55, 2nd Fl., COEX, 159, Samseong 1-dong, Gangnam-gu, Seoul, Korea

Tel

+82-2-6000-4460

Fax

+82-2-6000-4461

Other Address

A-2707, 40, Jamsil-dong, Songpa-gu, Seoul, Korea

Tel

+82-2-2145-4404

Fax

+82-2-2145-4405

Type

Export/Import

Industry

Wholesale of Materials for Recycling and Other Specialized Goods n.e.c.

  Main Business

Cotton, Pulp, Agricultural products, Fabrics, Health Aid Food, Cosmetics, Consulting Services

  Sub Business

 

Established (mm/dd/yyyy)

08/20/2007

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Fabrics and leather materials(11160000)

Sell

Cotton fibers(11151507)

 

 

CEO’s

 

Name

Baek Jeong-Hyun

Address

A-2707, 40, Jamsil-dong, Songpa-gu, Seoul, Korea

Date of Birth

01/20/1985

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

500,000,000

Employees

2

Formation

Co., Ltd by Shares

Bank Details

Korea Exchange Bank

Corporate Registered No.

110111-3738759

Business Registered No.

215-87-06*** (The full numbers are kept by the National Tax Service confidentially.)

Permit & Licenses

Int’l Trade No.: 45325555

Shareholder Position

N/A

Company History

08/20/2007 Incorporated as I BIG INC.

12/20/2010 Increased the authorized shares to 8,000,000 shares from 80,000 shares

12/21/2010 Increased capital to 500,000,000 KRW from 300,000,000 KRW

03/10/2011 Changed company name to the present name

03/10/2011 Moved to the present HQ address from B-36, 2nd Fl., COEX, 159, Samseong 1-dong, Gangnam-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Baek Jeong-Hyun

Male

Korean

08/16/2010

Director

M/S.

Park Ji-Hye

Female

Korean

08/16/2010

Auditor

Mr.

You Seung-Gerl

Male

Korean

08/16/2010

 

 

Financials

 

The 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)

40,000,000,000

Paid-Up Capital(KRW)

500,000,000

Total Issues Shares

100,000

 

 

 

Products, Technologies, Services Description

 

Main Products & Services

Cotton, Pulp, Agricultural products, Fabrics, Health Aid Food, Cosmetics, Consulting Services

 

 

 

Trade Partners & Competitors

 

Competitors

COTTON KOREA CO., LTD.

RM. 306, GWANGDONG BLDG., 164, HYOJE-DONG, JONGNO-GU, SEOUL, KOREA

TEL:+82-2-741-9915  FAX:+82-2-741-9597

 

TAEBONG CO., LTD.

684-2, ILGOK-DONG, BUK-GU, GWANGJU, KOREA

TEL:+82-62-571-6470  FAX:+82-62-571-8946

 

CHAWOO TRADING CO., LTD.

6TH FL., CHAWOO BLDG., 411-2, DOGOK 2-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-776-8177  FAX:+82-2-571-4196

 

 

Sales by Region

(Activity & Markets)

 

The subject deals with the companies in China, India, Indonesia and USA.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.38

UK Pound

1

Rs.71.24

Euro

1

Rs.64.16

 

 

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%)

 

 

 

 

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