MIRA INFORM REPORT

 

 

Report Date :           

09.02.2012

 

IDENTIFICATION DETAILS

 

Name :

HWAPYUNG CO., LTD.

 

 

Formerly Known As :

GIJU TRADING CO., LTD.

 

 

Registered Office :

49-4, Nueup-dong, Osan-si, Gyeonggi-do, Korea, Zip Code 447-160

 

 

Country :

South Korea

 

 

Date of Incorporation :

25.11.2004

 

 

Com. Reg. No.:

124-86-26479

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Wholesales of Other Articles of Paper and Paperboard

 

 

No. of Employees :

01

 

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 :

Small Company 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

HWAPYUNG CO., LTD.

(Ex. Company Name : GIJU TRADING CO. LTD.)

(Korean Company Name : “(주)화평”)

Registered Address

49-4, Nueup-dong, Osan-si, Gyeonggi-do, Korea

Zip Code

447-160

Tel

+82-31-378-4831

Fax

+82-31-372-5304

Trading Address

49-4, Nueup-dong, Osan-si, Gyeonggi-do, Korea

Tel

+82-31-378-4831

Fax

+82-31-372-5304

Type

Import

Industry

Wholesales of Other Articles of Paper and Paperboard n.e.c.

  Main Business

Tip Paper, Corrugated Cardboard Box

Established (mm/dd/yyyy)

11/25/2004

The Subject Company occupies the premises of registered HQ address by leasing base.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Packaging boxes(24121503)

 

 

CEO’s

 

Name

Jang Byung-Hwan

Address

Suite 606-905, 123, Imae-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Date of Birth

01/19/1939

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

1

Formation

Co., Ltd by shares

Bank Details

N/A

Corporate Registered No.

134811-0101121

Business Registered No.

124-86-26479

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

11/25/2004 Incorporated as GIJU TRADING CO., LTD.

11/30/2009 Changed company name to the present name

11/30/2009 Moved to the present HQ address from 402-1, Yeongcheon-ri, Dongtan-myeon, Hwaseong-si, Gyeonggi-do, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Jang Byung-Hwan

Male

Korean

11/30/2009

Director

Mr.

Park Chan-Soon

Male

Korean

11/25/2004

Auditor

M/S.

Yang Keun-Ok

Female

Korean

01/23/2007

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

 

 

 

2008

 

 

 

2007

 

 

 

2006

2,176,000,000

933,000,000

340,000,000

2005

 

 

 

2004

 

 

 

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 Issued Shares

10,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Paper for Tobacco Filer

 

Trade Partners & Competitors

 

Competitors

JEONG-A IND. CO.

451-3, JEUNGGEO-RI, HYANGNAM-EUP, HWASEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-366-3861~3  FAX:+82-31-366-3864

 

APACK CO., LTD.

8, BUKJEONG-DONG, YANGSAN-SI, GYEONGSANGNAM-DO, KOREA

TEL:+82-55-387-5678  FAX:+82-55-387-5679

 

UNIPACKING CO., LTD.

227, GOBONG-RI, GUJI-MYEON, DALSEONG-GUN, DAEGU, KOREA

TEL:+82-53-615-0171~4  FAX:+82-53-615-0175

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

GIJU CO., LTD.

49-4, NUEUP-DONG, OSAN-SI, GYEONGGI-DO, KOREA

TEL:+82-31-378-4831  FAX:+82-31-372-5304

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.07

UK Pound

1

Rs.78.09

Euro

1

Rs.65.15

 

 

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.