MIRA INFORM REPORT
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Report Date : |
21.03.2011 |
IDENTIFICATION DETAILS
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Name : |
JLP CORPORATION |
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Registered Office : |
1638-3, Seocho 1-dong, Seocho-gu, |
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Country : |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
11.10.2004 |
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Com. Reg. No.: |
220-86-92772 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesaler of Synthetic Rubber and Plastics Materials |
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 : |
Moderate |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
JLP CORPORATION (Korean Company Name :
“(주)제이엘피코퍼레이션”) |
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Registered Address |
1638-3, Seocho 1-dong, Seocho-gu, |
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Building |
Rm. 202, |
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Zip Code |
137-880 |
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Tel |
+82-2-581-5738 |
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Fax |
+82-2-581-5746 |
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Website |
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Trading Address |
Rm. 202, Korea Auto Industries Coop
Association Bldg., 1638-3, Seocho 1-dong, Seocho-gu, |
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Tel |
+82-2-581-5738 |
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Fax |
+82-2-581-5746 |
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Other Address-Branch |
1033-2, Bisan-dong, Dongan-gu, Anyang-si, |
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Type |
Export |
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Industry |
Wholesale of Synthetic Rubber and Plastics Materials |
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Main Business |
Polyurethane Materials, Accessories, Cosmetics, Construction Materials |
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Established (mm/dd/yyyy) |
10/11/2004 |
The Subject Company
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 |
Chemistry reagents or solutions(41116105) |
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Sell |
Thermoplastic plastics(13102000) |
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Sell |
Thermal insulation(30141500) |
CEO’s
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Name |
Lee Dae-Yol |
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Address |
Suite 102-1403, 1583-10, Seocho-dong,
Seocho-gu, |
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Date of Birth |
03/22/1974 |
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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) |
200,000,000 |
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Employees |
7 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Woori Bank-Kyodae station Branch |
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Corporate Registered No. |
110111-3096256 |
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Business Registered No. |
220-86-92772 |
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Permit & Licenses |
Int’l Trade No.: 45186594 |
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Shareholder Position |
N/A |
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Company History |
10/11/2004 Incorporated as the present name 07/06/2006 Increased capital to 120,000,000
KRW from 50,000,000 KRW 12/10/2008 Increased the authorized shares to
1,000,000 shares from 40,000 shares 12/13/2008 Increased the authorized shares
to 200,000,000 KRW from 120,000,000 KRW 04/13/2009 Moved to the present HQ address
from 1598-3, Seocho-dong, Seocho-gu, 10/2009 Awarded US$30 Million Export Top Prize |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Lee Dae-Yol |
Male |
Korean |
04/04/2005 |
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Director |
M/S. |
Baik Eun-Ha |
Female |
Korean |
03/31/2007 |
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Auditor |
M/S. |
Choi Won-Sook |
Female |
Korean |
03/31/2007 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
53,185,170,000 |
|
400,500,000 |
|
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2008 |
29,334,840,000 |
3,351,000,000 |
264,730,000 |
|
2007 |
13,515,640,000 |
1,242,000,000 |
147,710,000 |
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2006 |
5,639,500,000 |
|
31,460,000 |
Financial Description
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Authorized Capital(KRW) |
5,000,000,000 |
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Paid-Up Capital(KRW) |
200,000,000 |
|
Total Issues Shares |
40,000 |
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 |
|
3,351 |
1,242 |
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Current Assets |
|
2,653 |
938 |
|
-Quick Assets |
|
2,007 |
476 |
|
-Inventories |
|
645 |
462 |
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Fixed Assets |
|
698 |
303 |
|
-Investment |
|
49 |
31 |
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-Tangibles |
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16 |
13 |
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-Intangibles |
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583 |
230 |
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Total Liabilities |
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2,692 |
927 |
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Current Liabilities |
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2,692 |
927 |
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Fixed Liabilities |
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- |
- |
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Capital Stock |
|
200 |
120 |
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Capital Surplus |
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- |
- |
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Profit Surplus |
|
460 |
195 |
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Capital Adjustment |
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- |
- |
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Total Equity |
|
660 |
315 |
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Liab. &
Shareholder’s Equity |
|
3,351 |
1,242 |
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 |
|
29,335 |
13,516 |
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Cost of Sold Goods |
|
27,607 |
12,929 |
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Gross Profit |
|
1,728 |
586 |
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Selling & Admin. Expenses |
|
1,530 |
398 |
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Operating Income |
|
199 |
188 |
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Non-Operating Income |
|
260 |
3 |
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Non-Operating Expenses |
|
171 |
40 |
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Ordinary Income |
|
288 |
152 |
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Special Income |
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- |
- |
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Income Before Taxes |
|
288 |
152 |
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Income Taxes Expenses |
|
24 |
6 |
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Net Income |
|
265 |
146 |
Products, Technologies, Services Description
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Main Products & Services |
Polyurethane Materials, Accessories, Cosmetics, Construction Materials |
Trade Partners & Competitors
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Competitors |
FUTURE TECHNOLOGIES SYSTEM INC. RM. 406, JANG YEONG SIL HALL, VENTURE
BLDG., 1688-5, SINIL-DONG, DAEDEOK-GU, TEL:+82-42-931-7680~2 FAX:+82-42-931-7683 SEKI ARKEMA CO., LTD. 8B-16L, CHILSEO LOCAL INDUSTRIAL COMPLEX,
79, GYENAE-RI, CHILSEO-MYEON, HAMAN-GUN, TEL:+82-55-587-8055 FAX:+82-55-587-8061 KEUM JUNG CO., LTD. 852-141, GACHEON-RI, SAMNAM-MYEON,
ULJU-GUN, TEL:+82-52-264-8586 FAX:+82-52-264-8589 |
Sales by Region
(Activity & Markets)
Not Available.
Court Action
Not Available.
News Clipping
---
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.09 |
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|
1 |
Rs.72.82 |
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Euro |
1 |
Rs.63.43 |
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.