MIRA INFORM REPORT

 

 

Report Date :           

21.09.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

DONG JOO CORPORATION

 

 

Formerly Known As :

DNJ CO

 

 

Registered Office :

908-23, Bangbae-dong, Seocho-gu, Seoul, Korea, Rm.301, Golden Town Bldg, Zip Code 137-842

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2008

 

 

Date of Incorporation :

20.09.1993

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesales of Animal Feed

 

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 :

Usually Correct

 

 

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

DONG JOO CORPORATION

(Ex. Company Name : DNJ CO, “디앤제이“)

(Korean Company Name : “동주양행”)

Registered Address

908-23, Bangbae-dong, Seocho-gu, Seoul, Korea

Building

Rm.301, Golden Town Bldg

Zip Code

137-842

Tel

+82-2-587-5476

Fax

+82-2-587-5478

Trading Address

Rm.301, Golden Town Bldg., 908-23, Bangbae-dong, Seocho-gu, Seoul, Korea

Tel

+82-2-587-5476

Fax

+82-2-587-5478

Type

Import

Industry

Wholesales of Animal Feed

  Main Business

Animal Feed, Veterinary Finished Products

Established (mm/dd/yyyy)

09/20/1993

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Animal feed(10120000)

Sell

Veterinary products(42121600)

 

CEO’s

 

Name

Kim Jong-Ha

Title

Owner

Sex

Male

Nationality

Korean

 

Profiles

 

Capital (KRW)

Not Applicable to the Sole Proprietorship

Employees

2

Formation

Sole Proprietorship

Bank Details

Woori Bank-Bangbae Branch

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

114-22-96*** (The full numbers are kept by the National Tax Service confidentially.)

Because the subject’s full 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.)

Permit & Licenses

N/A

Shareholder Position

The owner has 100% shares.

Company History

09/20/1993 Established as DNJ CO. (“디앤제이“)

(*)The Subject has changed its name to the present name, but the exact date is not available.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Owner

Mr.

Kim Jong-Ha

Male

Korean

09/20/1993

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

 

 

 

2008

98,000,000

45,000,000

10,000,000

2007

140,000,000

58,000,000

53,000,000

2006

91,000,000

36,000,000

14,000,000

2005

 

 

 

2004

 

 

 

2003

 

 

 

The latest 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

 

 

Balance Sheet

 

Unit : Korean Won

As of 12/31/2008

As of 12/31/2007

As of 12/31/2006

Total Assets

45,000,000

58,000,000

36,000,000

Total Liabilities

3,000,000

-

1,000,000

Total Equity

42,000,000

58,000,000

35,000,000

Liab. & Shareholder’s Equity

45,000,000

58,000,000

36,000,000

 

Income Statement

 

Unit : Korean Won

As of 12/31/2008

As of 12/31/2007

As of 12/31/2006

Sales

98,000,000

140,000,000

91,000,000

Net Income

10,000,000

53,000,000

14,000,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Animal Feed, Veterinary Finished Products

 

 

Trade Partners & Competitors

 

Competitors

DAESUNG MICROBIOLOGICAL LABS. CO. LTD.(134111-0000880)

BAYER KOREA LTD.(110111-0610596)

BOEHRINGER INGELHEIM VETMEDICA KOREA LTD.(110111-1218133)

 

 

Sales by Region

(Activity & Markets)

 

The Subject imports from Finland.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

 

 

maximum Credit limit

 

For sole proprietorship (The owner has 100% shares.) Type of companies like the subject company are considered as an owner / individual person. So we can advise you to proceed at “seek Guarantees” base


 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.22

UK Pound

1

Rs.75.63

Euro

1

Rs.65.65

 

 

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.