MIRA INFORM REPORT

Report Date :

25.01.2012

IDENTIFICATION DETAILS

Name :	J INTERNATIONAL CITYM KOREA CO.

Registered Office :	Rm. 401, Inters Bil Bldg. 453-12, Seogyo-dong, Mapo-gu, Seoul, Korea 121-841

Country :	South Korea

Date of Incorporation :	15.10.2004

Com. Reg. No.:	107-12-42963

Legal Form :	Sole Proprietorship

Line of Business :	Wholesale of Other Household Appliances

No. of Employees :	15

RATING & COMMENTS

MIRA’s Rating :

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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

South Korea

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Basic Information

Company Name	J INTERNATIONAL CITYM KOREA CO. (Korean Company Name : “제이인터내셔널시티엠코리아”)
Registered Address	453-12, Seogyo-dong, Mapo-gu, Seoul, Korea
Building	Rm. 401, Inters Bil Bldg.
Zip Code	121-841
Tel	+82-2-338-2473
Fax	+82-2-338-2474
E-mail	sales@jtrade.biz;nathan@jtrade.biz
Website	www.jtrade.biz
Trading Address	Rm. 401, Inters Bil Bldg., 453-12, Seogyo-dong, Mapo-gu, Seoul, Korea
Tel	+82-2-338-2473
Fax	+82-2-338-2474
Type	Export
Industry	Wholesale of Other Household Appliances n.e.c.
Main Business	Mosquito Repellent Products, Minus Ion Products, Health Supplement Products, Medical Equipment, Nail Care Products, Pet Products, Abrasive Products
Established (mm/dd/yyyy)	10/15/2004

Detailed Products

Activity	Detailed Products (UNSPSC)
Sell	Pesticides or pest repellents(10191500)
Sell	Manicure implements(53131617)

CEO’s

Name	Song June-Seok(Nathan)
Address
Date of Birth	07/19/1971
Title	Owner
Sex	Male
Nationality	Korean

Profiles

Capital (KRW)	Not Applicable to the Sole Proprietorship
Employees	15
Formation	Sole Proprietorship
Bank Details	N/A
Corporate Registered No.	Not Applicable to the Sole Proprietorship
Business Registered No.	107-12-42963
Permit & Licenses	N/A
Shareholder Position	The owner has 100% shares.
Company History	10/15/2004 Established as the present name

Management

Job Description	Title	Name	Sex	Nationality	Inauguration Date
Owner	Mr.	Song June-Seok(Nathan)	Male	Korean	10/15/2004

Financials

The 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 Issued Shares	Not Applicable to the Sole Proprietorship

Products, Technologies, Services Description

Main Products & Services

Machinery, Abrasive Flap Wheel, Hair Dryer, Hair Iron, Pest Control, Mosquito Repellent Product, Nail Care, Germanium, Negative Ion, Food

Trade Partners & Competitors

Competitors

NATUROBIOTECH CO., LTD.

741-5, GISAN-RI, ANYANG-MYEON, JANGHEUNG-GUN, JEOLLANAM-DO, KOREA

TEL:+82-31-291-2471 FAX:+82-31-291-2470

KISS PRODUCTS KOREA

3RD FL., NA-DONG, 254-3, SAM-DONG, GWANGJU-SI, GYEONGGI-DO, KOREA

TEL:+82-31-769-8567 FAX:+82-31-797-5765

UNIVERSAL CORPORATION

A-607, BUNDANG TECHNO PARK, 150, YATAP-DONG, BUNDANG-GU, SEONGNAM-SI, GYEONGGI-DO, KOREA

TEL:+82-31-704-0159 FAX:+82-31-704-7572

Sales by Region

(Activity & Markets)

The Subject exports to France, Germany, UK and USA.

Court Action

Not Available.

News Clipping

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.97
UK Pound	1	Rs.77.74
Euro	1	Rs.65.09

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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