MIRA INFORM REPORT

Report Date :

09.05.2011

IDENTIFICATION DETAILS

Name :	JANGSOO TRADING COMPANY

Registered Office :	691-3, Nambumin-dong, Seo-gu, Busan, Korea, Rm.395, Busan Cooperative Fishery Market, Zip Code 602-801

Country :	South Korea

Date of Incorporation :	01.07.1993

Com. Reg. No.:	603-17-68433

Legal Form :	Sole Proprietorship

Line of Business :	Wholesales of Non-Processing Foods

RATING & COMMENTS

MIRA’s Rating :

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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

South Korea

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Basic

Company Name	JANGSOO TRADING COMPANY (Korean Company Name : “장수교역”)
Registered Address	691-3, Nambumin-dong, Seo-gu, Busan, Korea
Building	Rm.395, Busan Cooperative Fishery Market
Zip Code	602-801
Tel	+82-51-242-2301
Fax	+82-51-248-4527
Trading Address	Rm.395, Busan Cooperative Fishery Market, 691-3, Nambumin-dong, Seo-gu, Busan, Korea
Tel	+82-51-242-2301
Fax	+82-51-248-4527
Type	Export/Import
Industry	Wholesales of Non-Processing Foods
Main Business	Fishery Products, Agricultural Products, Food Products
Established (mm/dd/yyyy)	07/01/1993

Detailed Products

Activity	Detailed Products (UNSPSC)
Sell	Fresh fish(50121539)
Sell	Frozen fish(50121537)

CEO’s

Name	Byun Hyun-Cheol
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 Woori Bank
Corporate Registered No.	Not Applicable to the Sole Proprietorship
Business Registered No.	603-17-68433
Permit & Licenses	N/A
Shareholder Position	The owner has 100% shares.
Company History	07/01/1993 Established as the present name

Management

Job Description	Title	Name	Sex	Nationality	Inauguration Date
Owner	Mr.	Byun Hyun-Cheol	Male	Korean	07/01/1993

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

Fishery Products, Agricultural Products, Food Products

Trade Partners & Competitors

Competitors

JUNG HYUN CO., LTD.

RM. 614-2, SINDONG-A BLDG., 92, NAMPODONG 5-GA, JUNG-GU, BUSAN, KOREA

TEL:+82-51-253-2321 FAX:+82-51-247-7674

EASY ZONE FOODS, INC.

1ST FL., DUCHANG BLDG., 81-11, YANGJAE 1-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-577-7048 FAX:+82-2-577-7043

DAEKANG FISH

1675-2, SONGJEONG-DONG, GANGSEO-GU, BUSAN, KOREA

TEL:+82-51-831-1611~5 FAX:+82-51-831-1610

Sales by Region

(Activity & Markets)

Not Available.

Court Action

Not Available.

News Clipping

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FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.78
UK Pound	1	Rs.73.43
Euro	1	Rs.65.27

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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