MIRA INFORM REPORT
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Report Date : |
30.01.2012 |
IDENTIFICATION DETAILS
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Name : |
JISAN INDUSTRY CO., LTD. |
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Registered Office : |
1650-4, Songjeong-dong, Gangseo-gu, Busan,
Korea, Zip Code 618-819 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
03.02.1990 |
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Com. Reg. No.: |
603-81-11979 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Wooden Packing Boxes, Drums and Similar Containers |
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No. of Employees
: |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 – 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 |
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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 |
Basic
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Company Name |
JISAN INDUSTRY CO., LTD. (Korean Company Name : “(주)지산산업”) |
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Registered Address |
1650-4, Songjeong-dong, Gangseo-gu, Busan,
Korea |
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Zip Code |
618-819 |
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Tel |
+82-51-831-4567 |
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Fax |
+82-51-831-5678 |
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E-mail |
|
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Trading Address |
1650-4, Songjeong-dong, Gangseo-gu, Busan,
Korea |
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Tel |
+82-51-831-4567 |
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Fax |
+82-51-831-5678 |
|
Other Address |
44-30, Sandan Dongseo-ro, Gunsan-si, Jeonbuk, Korea |
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Type |
Import |
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Industry |
Manufacture of Wooden Packing Boxes, Drums and Similar Containers |
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Main Business |
Bulletin Wooden Boxes, Pallets, Packing for Exports & Domestic |
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Established (mm/dd/yyyy) |
03/02/1990 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Pallets(24112505) |
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Sell |
Packaging boxes(24121503) |
CEO’s
|
Name |
Kim Jung-Jin |
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Address |
Suite 102-2704, 1510, Geoje-dong,
Yeonje-gu, Busan, Korea |
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Date of Birth |
05/08/1946 |
|
Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital (KRW) |
400,000,000 |
|
Employees |
20 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Industrial Bank of Korea-Noksan Branch |
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Corporate Registered No. |
180111-0096429 |
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Business Registered No. |
603-81-11979 |
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Permit & Licenses |
01/2000 ISO 9002 |
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Shareholder Position |
N/A |
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Company History |
06/02/1986 Established as JISAN INDUSTRY CO.(Sole Proprietorship) 03/02/1990 Incorporated as the present name 06/02/2005 Increased the authorized shares
to 320,000 shares from 40,000 shares 06/03/2005 Increased capital to 400,000,000
KRW from 200,000,000 KRW |
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|
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kim Jung-Jin |
Male |
Korean |
03/30/2002 |
|
Director |
Mr. |
Kim Soo-Jin |
Male |
Korean |
03/30/2002 |
|
Director |
M/S. |
Ha Jung-Sook |
Female |
Korean |
03/30/2002 |
|
Auditor |
M/S. |
Lee Hye-Ja |
Female |
Korean |
03/30/2002 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
6,531,000,000 |
|
|
|
|
2009 |
4,755,000,000 |
3,891,000,000 |
239,000,000 |
|
2008 |
3,148,000,000 |
3,360,000,000 |
148,000,000 |
|
2007 |
2,669,000,000 |
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Financial Description
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Authorized Capital(KRW) |
1,600,000,000 |
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Paid-Up Capital(KRW) |
400,000,000 |
|
Total Issued Shares |
80,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
|
3,891,000,000 |
3,360,000,000 |
|
Current Assets |
|
2,287,000,000 |
2,586,000,000 |
|
-Quick Assets |
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2,061,000,000 |
1,870,000,000 |
|
-Inventories |
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226,000,000 |
717,000,000 |
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Fixed Assets |
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1,604,000,000 |
774,000,000 |
|
-Investment |
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111,000,000 |
112,000,000 |
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-Tangibles |
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1,493,000,000 |
661,000,000 |
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-Intangibles |
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Total Liabilities |
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1,945,000,000 |
1,653,000,000 |
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Current Liabilities |
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1,135,000,000 |
1,415,000,000 |
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Fixed Liabilities |
|
810,000,000 |
239,000,000 |
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Capital Stock |
|
400,000,000 |
400,000,000 |
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Capital Surplus |
|
- |
- |
|
Profit Surplus |
|
1,545,000,000 |
1,306,000,000 |
|
Capital
Adjustment |
|
- |
- |
|
Total Equity |
|
1,945,000,000 |
1,706,000,000 |
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Liab. &
Shareholder’s Equity |
|
3,891,000,000 |
3,360,000,000 |
Income
Statement
|
|||
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
|
4,755,000,000 |
3,148,000,000 |
|
Cost of Sold Goods |
|
3,949,000,000 |
2,413,000,000 |
|
Gross Profit |
|
806,000,000 |
736,000,000 |
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Selling & Admin. Expenses |
|
532,000,000 |
494,000,000 |
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Operating Income |
|
274,000,000 |
241,000,000 |
|
Non-Operating Income |
|
179,000,000 |
42,000,000 |
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Non-Operating Expenses |
|
182,000,000 |
120,000,000 |
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Income Before Taxes |
|
271,000,000 |
163,000,000 |
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Income Taxes Expenses |
|
32,000,000 |
15,000,000 |
|
Net Income |
|
239,000,000 |
148,000,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Bulletin Wooden Boxes, Pallets, Packing for Exports & Domestic |
Trade Partners & Competitors
|
Competitors |
SHINSUNG TRADING CO., LTD. 2ND FL., 77-2, OGEUM-DONG, SONGPA-GU,
SEOUL, KOREA TEL:+82-2-409-3666~8 FAX:+82-2-2237-8422 EAST HILL CORPORATION 977, WANGAM-DONG, JECHEON-SI,
CHUNGCHEONGBUK-DO, KOREA TEL:+82-43-646-5182 FAX:+82-43-646-5183 WOOIL ENTERPRISES, LTD. 543-15, SINWOL 4-DONG, YANGCHEON-GU, SEOUL,
KOREA TEL:+82-2-2608-0141 FAX:+82-2-2608-0145 |
Sales by Region
(Activity &
Markets)
The Subject imports
from Australia, Chile and USA.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.65 |
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UK Pound |
1 |
Rs.77.80 |
|
Euro |
1 |
Rs.65.05 |
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 |
|
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 |
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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 |
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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.