MIRA INFORM REPORT

 

 

Report Date :           

07.07.2011

 

IDENTIFICATION DETAILS

 

Name :

MIJU COLOR

 

 

Registered Office :

996, Gorim-dong, Cheoin-gu, Yongin-si, Gyeonggi-do, Korea, 102-1101, Imwon Maeul Apt., Zip Code 449-788

 

 

Country :

South korea

 

 

Date of Incorporation :

July 2007

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesales of Dyes for Textiles

 

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 Concern

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

 

 Bottom of Form

Basic

 

Company Name

MIJU COLOR

Registered Address

996, Gorim-dong, Cheoin-gu, Yongin-si, Gyeonggi-do, Korea

Building

102-1101, Imwon Maeul Apt.

Zip Code

449-788

Tel

+82-31-334-3023

Fax

+82-31-322-2195

Trading Address

102-1101, Imwon Maeul Apt., 996, Gorim-dong, Cheoin-gu, Yongin-si, Gyeonggi-do, Korea

Tel

+82-31-338-9892

Fax

+82-31-322-2195

Type

Import/Export

Industry

Wholesales of Dyes for Textiles

  Main Business

Dyestuffs

Established (mm/dd/yyyy)

07/2007

The premises of registered address are owned by M/S. Hyun-Joo Lee(BOD: 09/05/1971) since 10/30/2004. And it is the residential apartment area, not commercial area.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Compounds and mixtures(12350000)

Sell

Dyes(12171500)

Sell

Pigments(12171600)

 

 

CEO’s

 

Name

Cho In-Sung(Mobile : +82-10-6227-9820)

Title

Owner

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

Not Applicable to the Sole Proprietorship

Employees

1

Formation

Sole Proprietorship

Bank Details

Industrial Bank of Korea-Yongin Branch

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

N/A. (The numbers are kept by the National Tax Service confidentially.)

Permit & Licenses

N/A

Shareholder Position

The Owner has 100% shares.

Company History

07/2007 Established as the present name

In our research through the official sources including the Supreme Court Registry at which every Co Ltd type of Company should be registered, we could not find the subject company under the subject company name. So we submit the report as a Sole Proprietorship Type of Company as long as the subject company exists.

 

Because the subject’s Business Registered No., for checking through the National tax Service whether the subject is still existing or not, is not available, so we cannot confirm if the subject exist or not legally.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Owner

Mr.

Cho In-Sung

Male

Korean

07/2007

 

 

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)

Not Applicable to the Sole Proprietorship

Paid-Up Capital(KRW)

Not Applicable to the Sole Proprietorship

Total Issues Shares

Not Applicable to the Sole Proprietorship

 

 

Products, Technologies, Services Description

 

Main Products & Services

Dyestuffs & Dyes

 

The Subject imports Dyestuffs & Dyes in D/A payment condition, and distributes to the domestic wholesalers and manufacturers.

 

Trade Partners & Competitors

 

Competitors

COLORANT COREA CORPORATION

782-4, EOGOK-DONG, YANGSAN-SI, GYEONGSANGNAM-DO, KOREA

TEL:+82-55-388-9003  FAX:+82-55-388-9006

 

MYUNGJIN TRADING CO., LTD.

4TH FL., MYEONGJIN BLDG., 236-7, NONHYEON 2-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-546-5040  FAX:+82-2-546-6566

 

YOOJIN CHEMICAL CO., LTD.

8B-28L, BANWOL INDUSTRIAL COMPLEX, 743-7, WONSI-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO, KOREA

TEL:+82-31-494-0618  FAX:+82-31-494-0617

 

 

Sales by Region

(Activity & Markets)

 

The subject imports the dyes for textiles from India.

 

 

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%)

 

 

 

 

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.