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Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
MIJIN ENGINEERING |
|
|
|
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Registered Office : |
99-7, Dodang-dong, Wonmi-gu, Bucheon-si, Gyeonggi-do, Korea, 2nd Fl., Yuyeong Bldg., Zip Code 420-803 |
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Country : |
South Korea |
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|
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Date of Incorporation : |
01.12.2002 |
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|
|
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Legal Form : |
Sole Proprietorship |
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|
|
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Line of Business : |
Manufacturer of Distilling Machinery, Heat exchange unit and Gas
Generators |
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|
|
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No. of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company
Name |
MIJIN
ENGINEERING (Korean Company Name : “미진엔지니어링”) |
|
Registered Address |
99-7, Dodang-dong, Wonmi-gu, Bucheon-si,
Gyeonggi-do, Korea |
|
Building |
2nd Fl., Yuyeong Bldg. |
|
Zip Code |
420-803 |
|
Tel |
+82-32-672-1963~4 |
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Fax |
+82-32-672-1965 |
|
Website |
|
|
Trading Address |
2nd Fl., Yuyeong Bldg., 99-7, Dodang-dong,
Wonmi-gu, Bucheon-si, Gyeonggi-do, Korea |
|
Tel |
+82-32-672-1963~4 |
|
Fax |
+82-32-672-1965 |
|
Type |
Export |
|
Industry |
Manufacture of Distilling Machinery, Heat exchange unit and Gas Generators |
|
Main Business |
Fin Tube Heat exchange |
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Established (mm/dd/yyyy) |
12/01/2002 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Heat exchangers(40101802) |
|
Name |
Jo Young-Whan |
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Title |
Owner |
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Sex |
Male |
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Nationality |
Korean |
|
Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
|
Employees |
10 |
|
Formation |
Sole Proprietorship |
|
Bank Details |
N/A |
|
Corporate Registered No. |
Not Applicable to the Sole Proprietorship |
|
Business Registered No. |
130-27-***** (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 |
07/26/2009 ISO 9001 |
|
Shareholder Position |
The owner has 100% shares. |
|
Company History |
12/01/2002 Established as the present name |
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Owner |
Mr. |
Jo Young-Whan |
Male |
Korean |
12/01/2002 |
The financials are not
available, and the Subject Company does not have any obligations to release its
financials to the public.
|
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 |
|
Main Products & Services |
Distilling Machinery, Heat exchange unit and Gas Generators |
|
Competitors |
SEDAE ENERTECH CO., LTD. 309-2, BONSAN-RI, JINYEONG-EUP, GIMHAE-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-343-4671 FAX:+82-55-343-4673 ENERGYEN CORPORATION RM. 920, RAEMIAN SEOCHO UNIVILLE, 1445-4,
SEOCHO 1-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-583-9762 FAX:+82-2-583-9761 ILSUNG CORPORATION 917, WONSAN-RI, ONSAN-EUP, ULJU-GUN, ULSAN,
KOREA TEL:+82-52-231-7514~5 FAX:+82-52-239-0333 |
(Activity & Markets)
The Subject exports
to India.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
|
UK Pound |
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.