MIRA INFORM REPORT

 

 

Report Date :

25.07.2012

 

IDENTIFICATION DETAILS

 

Name :

J&P CORPORATION

 

 

Formerly Known As :

TES CO., LTD.

 

 

Registered Office :

722, Sari-ri, Daechang-myeon, Yeongcheon-si, Gyeongsangbuk-do, Korea, Zip Code 770-911

 

 

Country :

South Korea

 

 

Date of Incorporation :

20.05.1998

 

 

Com. Reg. No.:

505-81-15706

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Manufacture of Tents and Other Made-Up Canvas Goods

 

 

No. of Employees :

20

 

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

J&P CORPORATION

(Korean Company Name : “()제이..”)

Registered Address

722, Sari-ri, Daechang-myeon, Yeongcheon-si, Gyeongsangbuk-do, Korea

Zip Code

770-911

Tel

+82-54-335-6856

Fax

+82-54-335-6858

E-mail

jnptarpaulin@jnptarpaulin.com;ceo@jnptarpaulin.com;manager@jnptarpaulin.com

Website

www.jnptarpaulin.co.kr

Trading Address

722, Sari-ri, Daechang-myeon, Yeongcheon-si, Gyeongsangbuk-do, Korea

Tel

+82-54-335-6856

Fax

+82-54-335-6858

Other Address-2nd Factory

669-1, Sari-ri, Daechang-myeon, Yeongcheon-si, Gyeongsangbuk-do, Korea

Type

Export

Industry

Manufacture of Tents and Other Made-Up Canvas Goods

  Main Business

Polyethylene Tarpaulin Sheet

Established (mm/dd/yyyy)

05/20/1998

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Tarpaulins(24141506)

 

 

CEO’s

 

Name

Yoon Man-Soo

Address

Suite 101-1009, 130-8, Geumnak-ri, Hayang-eup, Gyeongsan-si, Gyeongbuk, Korea

Date of Birth

07/10/1951

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

150,000,000

Employees

20

Formation

Co., Ltd by shares

Bank Details

Daegu Bank-Hayang Branch

Corporate Registered No.

174711-0008032

Business Registered No.

505-81-15706

Permit & Licenses

Int’l Trade No.: 13052438

Shareholder Position

N/A

Company History

05/20/1998 Incorporated as TES CO., LTD.

07/21/1998 Changed company name to the present name

12/16/2003 Moved to the present HQ address from San 69-1, Sari-ri, Daechang-myeon, Yeongcheon-si, Gyeongsangbuk-do, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Yoon Man-Soo

Male

Korean

03/22/2004

Director

Mr.

Yoon Won-Jin

Male

Korean

03/17/2010

Auditor

M/S.

Cho Choon-Hee

Female

Korean

03/17/2007

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2008

18,457,360,000

4,614,000,000

1,169,730,000

2007

12,987,160,000

3,694,000,000

263,970,000

2006

13,251,200,000

3,935,000,000

160,800,000

2005

13,430,000,000

4,236,000,000

164,000,000

2004

11,8 19,840,000

 

1 25,050,000

2003

8,587,550,000

 

69,340,000

 

The 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)

150,000,000

Total Issued Shares

15,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Polyethylene Tarpaulin Sheet

 

Trade Partners & Competitors

 

Competitors

CHO YANG IND. CORP.

RM. 804, SEONGJI BLDG., 245-3, SEOHYEON-DONG, BUNDANG-GU, SEONGNAM-SI, GYEONGGI-DO, KOREA

TEL:+82-31-781-0105  FAX:+82-31-781-3892

 

SINWOO INNOFAB CORPORATION

4TH FL., SINWON BLDG., 32-2, OGEUM-DONG, SONGPA-GU, SEOUL, KOREA

TEL:+82-2-424-5897  FAX:+82-2-412-5897

 

TARP LINE CO., LTD.

101-3003, LOTTE CASTLE PRESIDENT OFFICETEL, 423-3, GONGDEOK-DONG, MAPO-GU, SEOUL, KOREA

TEL:+82-2-3272-8071  FAX:+82-2-3272-8073

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.56.02

UK Pound

1

Rs.86.89

Euro

1

Rs.67.84

 

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.