MIRA INFORM REPORT

Report Date :

13.06.2012

IDENTIFICATION DETAILS

Name :	JU YOUNG TRADING CO., LTD.

Registered Office :	Rm.002, Sungsu Bldg. 277-58, Seongsu 2-ga 3-dong, Seongdong-gu, Seoul, Korea 133-832

Country :	South Korea

Financials (as on) :	31.12.2010

Date of Incorporation :	29.11.1996

Com. Reg. No.:	212-81-35080

Legal Form :	Co., Ltd by Shares

Line of Business :	Wholesales and Retails of Footwear

No. of Employees :	4

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 :	No Complaints
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 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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	JU YOUNG TRADING CO., LTD. (Korean Company Name : “주영트레이딩(주)”)
Registered Address	277-58, Seongsu 2-ga 3-dong, Seongdong-gu, Seoul, Korea
Building	Rm.002, Sungsu Bldg.
Zip Code	133-832
Tel	+82- 2-2205-2266
Fax	+82- 2-2205-2268
E-mail	hyg123@nate.com
Trading Address	Rm.002, Sungsu Bldg., 277-58, Seongsu 2-ga 3-dong, Seongdong-gu, Seoul, Korea
Tel	+82-2-428-8021~2
Fax	+82-2-428-8023
Type	Export/Import
Industry	Wholesales and Retails of Footwear
Main Business	Footwear, Shoes
Established (mm/dd/yyyy)	11/29/1996

Detailed Products

Activity	Detailed Products (UNSPSC)
Sell	Shoes(53111600)
Sell	Womens shoes(53111602)
Sell	Mens shoes(53111601)

CEO’s

Name	Lee Kyu-Hern
Address	Suite 12-1801, 413, Amsa-dong, Gangdong-gu, Seoul, Korea
Date of Birth	06/17/1956
Title	President & CEO
Sex	Male
Nationality	Korean

Profiles

Capital (KRW)	50,000,000
Employees	4
Formation	Co., Ltd by Shares
Bank Details	Korea Exchange Bank-Jamsil Station Branch
Corporate Registered No.	110111-1347445
Business Registered No.	212-81-35080
Permit & Licenses	N/A
Shareholder Position	N/A
Company History	11/29/1996 Incorporated as the present name 09/24/2002 Moved to the present HQ address from 258-4, Godeok-dong, Gangdong-gu, Seoul, Korea

Management

Job Description	Title	Name	Sex	Nationality	Inauguration Date
President & CEO	Mr.	Lee Kyu-Hern	Male	Korean	10/06/1997
Director	Mr.	Lee Dal-Hern	Male	Korean	03/10/2010
Director	Mr.	Ham Young-Kyu	Male	Korean	03/31/2009
Auditor	Mr.	Lee Su-Hern	Male	Korean	10/06/1997

Financials

Year / Unit : KRW	Sales	Assets	Net Income
2011
2010	3,920,164,000	2,391,017,000	134,478,000
2009	3,896,660,000	6,270,911,000	118,131,000
2008	4,838,000,000	2,559,000,000	165,000,000
2007	3,981,000,000		191,000,000

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)	50,000,000
Total Issued Shares	10,000

Balance Sheet

Unit : Korean Won	As of 12/31/2010	As of 12/31/2009	As of 12/31/2008
Total Assets	2,391,017,000	6,270,911,000	2,559,000,000
Current Assets	1,927,443,000	5,798,787,000	2,070,000,000
-Quick Assets	-	-	-
-Inventories	-	-	-
Fixed Assets	463,574,000	472,124,000	489,000,000
-Investment	-	-	-
-Tangibles	-	-	-
-Intangibles	-	-	-
Total Liabilities	-	-	-
Current Liabilities	1,136,503,000	5,150,875,000	1,557,000,000
Fixed Liabilities	5,105,000	5,105,000	5,000,000
Capital Stock	50,000,000	50,000,000	50,000,000
Capital Surplus	-	-	-
Profit Surplus	1,199,409,000	1,064,931,000	947,000,000
Capital Adjustment	-	-	-
Total Equity	1,249,409,000	1,114,931,000	997,000,000
Liab. & Shareholder’s Equity	2,391,017,000	6,270,911,000	2,559,000,000

Income Statement

Unit : Korean Won	As of 12/31/2010	As of 12/31/2009	As of 12/31/2008
Sales	3,920,164,000	3,896,660,000	4,838,000,000
Cost of Sold Goods	3,184,915,000	3,106,208,000	3,897,000,000
Gross Profit	735,249,000	790,452,000	941,000,000
Selling & Admin. Expenses	536,242,000	615,241,000	655,000,000
Operating Income	199,007,000	175,211,000	286,000,000
Non-Operating Income	5,105,000	5,105,000	5,000,000
Non-Operating Expenses	49,196,000	36,245,000	75,000,000
Income Before Taxes	151,624,000	149,919,000	213,000,000
Income Taxes Expenses	17,146,000	31,788,000	48,000,000
Net Income	134,478,000	118,131,000	165,000,000

Products, Technologies, Services Description

Main Products & Services

Footwear, Shoes

Trade Partners & Competitors

Competitors

SHIN SANG CO., LTD.

75-4, GEUMSA-DONG, GEUMJEONG-GU, BUSAN, KOREA

TEL:+82-51-528-4370 FAX:+82-51-528-4381

MELLOW COMPANY CO., LTD.

RM. 908, TOWER 2-DONG, WESTERN DOM TOWER, 867, JANGHANG 2-DONG, ILSANDONG-GU, GOYANG-SI, GYEONGGI-DO, KOREA

TEL:+82-2-780-8688 FAX:+82-31-931-5878

TREKSTA CO., LTD

1549-2, SONGJEONG-DONG, GANGSEO-GU, BUSAN, KOREA

TEL:+82-51-309-3500 FAX:+82-51-309-3600

Sales by Region

(Activity & Markets)

Not Available.

Court Action

Not Available.

News Clipping

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.05
UK Pound	1	Rs.86.69
Euro	1	Rs.69.98

INFORMATION DETAILS

Report Prepared by :

PRL

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.