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Report Date : |
24.12.2012 |
IDENTIFICATION DETAILS
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Name : |
JAE YONG CO., LTD. |
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Registered Office : |
544, Sambong-ri, Seokmun-myeon, Dangjin-gun,
343-853 |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
17.04.1998 |
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Com. Reg. No.: |
311-81-11314 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacture of Office and Artists' Materials |
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No. of Employees : |
45 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
Source
: CIA
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Company Name |
JAE YONG CO., LTD. (Korean Company Name : “(주)재용”) |
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Registered Address |
544, Sambong-ri, Seokmun-myeon,
Dangjin-gun, |
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Zip Code |
343-853 |
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Tel |
+82-41-353-3676 |
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Fax |
+82-41-353-3858 |
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E-mail |
jae-yong@jae-yong.co.kr |
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Website |
www.jaeyong.co.kr |
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Trading Address |
Rm. 304, |
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Tel |
+82-32-329-3001~4 |
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Fax |
+82-32-329-3005 |
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Type |
Export |
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Industry |
Manufacture of Office and Artists' Materials |
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Main Business |
Nib, Ink Reservoir, Tube |
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Established (mm/dd/yyyy) |
04/17/1998 |
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Pen nibs(44121713) |
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Sell |
Office supplies(44120000) |
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Sell |
Mechanical pencils(44121705) |
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Name |
Jon Michael Green |
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Address |
5 Flat, 26, Garden Kensington, |
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Date of Birth |
10/31/1962 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
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Capital (KRW) |
300,000,000 |
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Employees |
45 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Industrial Bank of Korea-Dodang Dong Branch SC. First Bank of Korea-Bucheon Branch |
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Corporate Registered No. |
165011-0005588 |
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Business Registered No. |
311-81-11314 |
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Permit & Licenses |
Int’l Trade No.: 21020393 |
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Shareholder Position |
It is known that the subject has been
invested from |
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Company History |
09/1992 Establish as JAE YONG CO. 01/1996 Produce a Nib (Grinding) 01/1998 Produce a Nib (Grinding and
forming) 04/17/1998
Incorporated as the present name 06/1998 Build the new factory at Dang-jin 07/2000 Enlarge the factory at Dang-jin 10/2002 Jaeyong and Bourim was merged. 11/04/2002 Moved to the present address of
Bucheon Branch Office from 52-2, Yeowol-dong, Ojeong-gu, Bucheon-si, |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Jon Michael Green |
Male |
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04/23/2012 |
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Director |
Mr. |
Susan Warner Lipp |
Male |
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04/23/2012 |
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Director |
Mr. |
John Scollen |
Male |
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04/23/2012 |
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2010 |
4,606,300,000 |
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2009 |
3,823,000,000 |
4,163,000,000 |
512,000,000 |
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2008 |
3,872,000,000 |
3,179,000,000 |
292,000,000 |
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2007 |
3,115,000,000 |
3,063,000,000 |
121,000,000 |
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2006 |
3,005,000,000 |
2,403,000,000 |
118,000,000 |
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2005 |
2,627,570,000 |
1,938,000,000 |
47,000,000 |
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2004 |
2,790,000,000 |
1,920,000,000 |
69,000,000 |
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2003 |
2,554,000,000 |
1,945,000,000 |
16,000,000 |
The latest financial is not available, and
the subject does not have any obligation to releases its financials to the
public.
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Authorized Capital(KRW) |
1,200,000,000 |
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Paid-Up Capital(KRW) |
300,000,000 |
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Total Issues Shares |
30,000 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
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Total Assets |
4,163,000,000 |
3,179,000,000 |
3,063,000,000 |
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Current Assets |
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-Quick Assets |
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-Inventories |
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Fixed Assets |
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-Investment |
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-Tangibles |
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-Intangibles |
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Total Liabilities |
2,426,000,000 |
1,954,000,000 |
2,128,000,000 |
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Current Liabilities |
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Fixed Liabilities |
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Capital Stock |
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Capital Surplus |
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Profit Surplus |
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Capital Adjustment |
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Total Equity |
1,737,000,000 |
1,225,000,000 |
935,000,000 |
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Liab. & Shareholder’s Equity |
4,163,000,000 |
3,179,000,000 |
3,063,000,000 |
Income
Statement
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|||
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Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
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Sales |
3,823,000,000 |
3,872,000,000 |
3,115,000,000 |
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Cost of Sold Goods |
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Gross Profit |
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Selling & Admin. Expenses |
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Operating Income |
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Non-Operating Income |
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Non-Operating Expenses |
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Income Before Taxes |
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Income Taxes Expenses |
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Net Income |
512,000,000 |
292,000,000 |
121,000,000 |
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Main Products & Services |
Nib former Grinder Tube Ink Reservoir Refill pen Holder Stick |
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Detailed Products Spec. |
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Technologies Acquired |
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Competitors |
62-17, JUNGGOK 4-DONG, GWANGJIN-GU, TEL:+82-2-446-6855 FAX:+82-2-458-2816 MIRAE STATIONERY CO., LTD. 302-12, BULLO-DONG, SEO-GU, TEL:+82-32-567-5778 FAX:+82-32-567-5779 MY FOCUS CO., LTD. RM. 306, DONG-A PLAZA, 1608-4,
GWANYANG-DONG, DONGAN-GU, ANYANG-SI, TEL:+82-31-384-5374 FAX:+82-31-386-5376 |
(Activity &
Markets)
The Subject exports to
Not Available.
--
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.08 |
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1 |
Rs.89.53 |
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Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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-- |
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.