MIRA INFORM REPORT

 

 

Report Date :

04.07.2012

 

IDENTIFICATION DETAILS

 

Name :

BIZNEER CORPORATION CO., LTD.

 

 

Formerly Known As :

Gangchon Tower Co., Ltd.

 

 

Registered Office :

22-5, Bangi 2-dong, Songpa-gu, Seoul, Korea, Rm. 1910, Jamsil Rezion Officetel, Zip Code 138-953

 

 

Country :

South Korea

 

 

Date of Incorporation :

05.12.2006

 

 

Com. Reg. No.:

Not Available 

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesaler of Synthetic Rubber and Plastics Materials

 

 

No. of Employees :

Not Available 

 

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

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 – 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

 

Basic

 

Company Name

BIZNEER CORPORATION CO., LTD.

(Korean Company Name : “비즈니어코퍼레이션(주)”)

Registered Address

22-5, Bangi 2-dong, Songpa-gu, Seoul, Korea

Building

Rm. 1910, Jamsil Rezion Officetel

Zip Code

138-953

Tel

+82-2-508-8483

Fax

+82-2-508-8493

E-mail

jerry@bizneer.com;emily@bizneer.com

Website

www.bizneer.com

Trading Address

Rm. 1910, Jamsil Rezion Officetel, 22-5, Bangi 2-dong, Songpa-gu, Seoul, Korea

Tel

+82-2-508-8483

Fax

+82-2-508-8493

Other Address

Rm. 402, Jang-an Bldg., 688-5, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea

Tel

+82-2-508-8483

Fax

+82-2-508-8493

Type

Export

Industry

Wholesale of Synthetic Rubber and Plastics Materials

  Main Business

Super Absorbent Polymer, Waste SAP Sheet, Other Chemicals, Security Camera

  Sub Business

Airlaid, Trimmed Edge, Compound, SAP 

Established (mm/dd/yyyy)

12/05/2006

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Paper wastes(11141604)

Sell

Resins(13111000)

Sell

Security cameras(46171610)

 

 

CEO’s

 

Name

Ko Jae-Kyung(Jerry) (Mobile : +82-10-5777-0528)

Address

Suite 10-2302, 631-1, Guui-dong, Gwangjin-gu, Seoul, Korea

Date of Birth

05/28/1976

Title

Representative Director

Sex

Male

Nationality

Korean

 

Profiles

 

Capital (KRW)

100,000,000

Employees

N/A

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

140111-0032439

Business Registered No.

221-81-28*** (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

N/A

Shareholder Position

N/A

Company History

12/05/2006 Incorporated as Gangchon Tower Co., Ltd.

10/09/2007 Changed company name to the present name

10/13/2011 Moved to the present HQ address from 227-7, Gangchon-ri, Namsan-myeon, Chuncheon-si, Gangwon-do, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Ko Jae-Kyung

Male

Korean

10/09/2007

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

5,163,620,000

 

140,430,000

2009

2,484,220,000

 

85,310,000

2008

788,030,000

 

31,840,000

2007

 

 

-34,670,000

 

The full & latest 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)

100,000,000

Total Issued Shares

20,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Super Absorbent Polymer, Waste SAP Sheet, Other Chemicals, Security Camera

 

 

Trade Partners & Competitors

 

Suppliers

LG CHEM LTD.(110111-2207995)

HYUNDAI ENGINEERING PLASTICS CO., LTD.(165011-0006768)

Competitors

GREEN SUPPLIES CO., LTD.

265-27, SINWON-DONG, DEOKYANG-GU, GOYANG-SI, GYEONGGI-DO, KOREA

TEL:+82-2-382-1212  FAX:+82-2-382-1211

 

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 exports to Vietnam and Turkey.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

----

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.81

UK Pound

1

Rs.86.04

Euro

1

Rs.69.62

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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