MIRA INFORM REPORT

 

 

Report Date :

26.07.2012

 

IDENTIFICATION DETAILS

 

Name :

COREA IMPEX TRADING CO., LTD

 

 

Registered Office :

281-16, Seongsu 2-ga 3-dong, Seongdong-gu, Seoul, Korea, Rm. 1104, Ilsin Geonyeong Human Teco, Zip Code 133-832

 

 

Country :

South Korea

 

 

Date of Incorporation :

02.08.1999

 

 

Com. Reg. No.:

216-81-16595

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacturer of Working Clothes and Similar Garments

 

 

No. of Employees :

06

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

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 – 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

COREA IMPEX TRADING CO., LTD.

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

Registered Address

281-16, Seongsu 2-ga 3-dong, Seongdong-gu, Seoul, Korea

Building

Rm. 1104, Ilsin Geonyeong Human Teco

Zip Code

133-832

Tel

+82-2-2208-3314

Fax

+82-2-2208-3313

E-mail

coimpex@yahoo.co.kr

Website

www.coreaimpex.com

Trading Address

Rm. 1104, Ilsin Geonyeong Human Teco, 281-16, Seongsu 2-ga 3-dong, Seongdong-gu, Seoul, Korea(C.P.O BOX 9590 SEOUL KOREA)

Tel

+82-2-2208-3314

Fax

+82-2-2208-3313

Type

Export/Import

Industry

Manufacture of Working Clothes and Similar Garments

  Main Business

Rain Coat, Military Uniform

Established (mm/dd/yyyy)

08/02/1999

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Tents(49121503)

Sell

Military uniforms(53102701)

Sell

Backpacks(53121603)

Sell

Shovels(27112004)

Sell

Protective rainwear or wet environment apparel(46181525)

Sell

Police uniforms(53102703)

Sell

Tabletop and serving equipment(48101900)

Sell

Riot helmets(46151502)

Sell

Sleeping bags(49121504)

Buy

Cotton fabrics(11161700)

Buy

Leathers(11162300)

Buy

Synthetic fabrics(11161800)

Buy

Wool fabrics(11161600)

 

 

CEO’s

 

Name

Park Jung-Ryun

Address

Suite 105-601, 45, Cheyukgwan-ro, Guri-si, Gyeonggi-do, Korea

Date of Birth

01/07/1978

Title

President & CEO

Sex

Male

Nationality

Korean

 

Profiles

 

Capital (KRW)

300,000,000

Employees

6

Formation

Co., Ltd by Shares

Bank Details

Industrial Bank of Korea-Cheonho Dong Branch

Corporate Registered No.

1101111-746077

Business Registered No.

216-81-16595

Permit & Licenses

Int’l Trade No.: 11246789

Shareholder Position

N/A

Company History

08/02/1999 Incorporated as the present name

05/31/2007 Increased capital to 300,000,000 KRW from 100,000,000 KRW

07/16/2010 Moved to the present HQ address from 180-1, Myeonmok-dong, Jungnang-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Park Jung-Ryun

Male

Korean

03/16/2012

Director

Mr.

Park Joon-Kyu

Male

Korean

03/16/2012

Auditor

M/S.

Bae In-Sook

Female

Korean

03/31/2006

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2007

3,293,000,000

779,000,000

47,000,000

2006

4,246,000,000

702,000,000

41,000,000

2005

666,000,000

748,000,000

5,000,000

2004

5,500,000,000

 

 

2003

5,000,000,000

 

 

 

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)

400,000,000

Paid-Up Capital(KRW)

300,000,000

Total Issued Shares

60,000

 

Products, Technologies, Services Description

 

Main Products & Services

Rain Coat, Military Uniform

 

 

Trade Partners & Competitors

 

Competitors

SAMHAN TRADING CO., LTD.

3RD FL., BANDO BLDG., 148-39, GASAN-DONG, GEUMCHEON-GU, SEOUL, KOREA

TEL:+82-2-836-8561  FAX:+82-2-858-2785

 

JEUNG WOO INDUSTRY CO., LTD.

B1, DAEDONG COMPLEX, 181-2, SANGGYE 2-DONG, NOWON-GU, SEOUL, KOREA

TEL:+82-2-930-3603  FAX:+82-2-930-1266

 

JOOAN INDUSTRIAL CORPORATION

4TH FL., JUAN BLDG., 742-5, HWAGOKBON-DONG, GANGSEO-GU, SEOUL, KOREA

TEL:+82-2-2696-4045~6  FAX:+82-2-2601-7896

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in Cyprus, Greece, Spain and UK.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.38

UK Pound

1

Rs.87.44

Euro

1

Rs.68.05

 

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.