MIRA
INFORM REPORT
|
Report Date : |
02.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
AJIN CO., LTD. |
|
|
|
|
Registered Office : |
718, Jinu-ri, Docheok-myeon, Gwangju-si,
Gyeonggi-do, Korea 464-883 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
05.01.2003 |
|
|
|
|
Com. Reg. No.: |
126-81-71320 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Synthetic Resin and Other Plastic Materials |
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 : |
Moderate |
|
|
|
|
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 |
AJIN CO., LTD. (Korean Company
Name : “(주)아진”) |
|
Registered Address |
718, Jinu-ri, Docheok-myeon, Gwangju-si,
Gyeonggi-do, Korea |
|
Zip Code |
464-883 |
|
Tel |
+82-31-798-0614 |
|
Fax |
+82-31-798-0613 |
|
E-mail |
ajinglue@kornet.net |
|
Website |
|
|
Trading Address |
718, Jinu-ri, Docheok-myeon, Gwangju-si,
Gyeonggi-do, Korea |
|
Tel |
+82-31-798-0614 |
|
Fax |
+82-31-798-0613 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Synthetic Resin and Other Plastic Materials |
|
Main Business |
Poly Viny Choride SOL |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
05/01/2003 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Polyvinyl Chloride PVC(13102030) |
CEO’s
|
Name |
Jung Kyu-Bok |
|
Address |
Suite 205-803, 503, Daebang-dong,
Dongjak-gu, Seoul, Korea |
|
Date of Birth |
02/16/1958 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
50,000,000 |
|
Employees |
2 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Kookmin Bank-Icheon Branch |
|
Corporate Registered No. |
134411-0023745 |
|
Business Registered No. |
126-81-71320 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
05/01/2003 Incorporated as the present name 02/05/2004 Moved to the present HQ address
from Pyogyo-ri, Majang-myeon, Icheon-si, Gyeonggi-do,
Korea |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Jung Kyu-Bok |
Male |
Korean |
05/01/2003 |
|
Director |
Mr. |
Jung Young-Shim |
Male |
Korean |
05/01/2009 |
|
Auditor |
M/S. |
Jung Myung-Soon |
Female |
Korean |
05/01/2009 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2009 |
|
|
|
|
2008 |
|
|
|
|
2007 |
1,068,000,000 |
362,000,000 |
17,000,000 |
|
2006 |
1,240,000,000 |
567,000,000 |
29,000,000 |
|
2005 |
1,197,000,000 |
364,000,000 |
30,000,000 |
The latest &
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) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issues Shares |
10,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Poly Viny Choride(PVC) SOL |
Trade Partners & Competitors
|
Competitors |
DUCK WOO CHEMICAL CO. 205-3, BANGYE-RI, SEOKJEOK-EUP, CHILGOK-GUN,
GYEONGSANGBUK-DO, KOREA TEL:+82-53-624-0686 FAX:+82-53-974-6663 SICL CO., LTD. RM. 1004, ANAM TOWER, 702-10, YEOKSAM
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-564-8377 FAX:+82-2-568-4025 BEST CHEM RM. 1205, ANYANG IT VALLEY, 1027, HOGYE 1-DONG,
DONGAN-GU, ANYANG-SI, GYEONGGI-DO, KOREA TEL:+82-31-343-0550 FAX:+82-31-601-8586 |
Sales by Region
(Activity &
Markets)
Not Available.
Court Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.01 |
|
|
1 |
Rs.75.42 |
|
Euro |
1 |
Rs.66.69 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.