MIRA INFORM REPORT

 

 

Report Date :

12.05.2012

 

IDENTIFICATION DETAILS

 

Name :

JW & Y CORPORATION

 

 

Registered Office :

32, Euljiro 1-ga, Jung-gu, Seoul, Korea, Rm. 903, Hyodeok Bldg, Zip Cdoe 100-842

 

 

Country :

South Korea

 

 

Date of Incorporation :

25.10.2006

 

 

Com. Reg. No.:

104-86-03996

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Wholesale of Other Chemical Materials and Chemical Products

 

 

No. of Employees :

01

 

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

JW & Y CORPORATION

(Korean Company Name : “()제이더블유앤와이코퍼레이션”)

Registered Address

32, Euljiro 1-ga, Jung-gu, Seoul, Korea

Building

Rm. 903, Hyodeok Bldg.

Zip Code

100-842

Tel

+82-2-773-4062

Fax

+82-2-773-4063

Trading Address

Rm. 903, Hyodeok Bldg., 32, Euljiro 1-ga, Jung-gu, Seoul, Korea

Tel

+82-2-773-4062

Fax

+82-2-773-4063

Type

Export

Industry

Wholesale of Other Chemical Materials and Chemical Products

  Main Business

Petrochemical Products, Phthalic Anhydride, Isophthalic Acid

Established (mm/dd/yyyy)

10/25/2006

The Subject Company occupies the premises of registered HQ address by leasing base.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Aromatic or heterocyclic compounds(12352005)

 

 

CEO’s

 

Name

Park Pyeong-Soo

Address

Suite 405-201, 29, Juyeop-dong, Ilsanseo-gu, Goyang-si, Gyeonggi-do, Korea

Date of Birth

06/28/1967

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

1

Formation

Co., Ltd by shares

Bank Details

Korea Exchange Bank-Mapo Branch

Corporate Registered No.

110111-3549198

Business Registered No.

104-86-03996

Permit & Licenses

Int’l Trade No.: 4528996

Shareholder Position

N/A

Company History

10/25/2006 Incorporated as present name

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Park Pyeong-Soo

Male

Korean

10/25/2006

Auditor

M/S.

Yeon Kyung-Bok

Female

Korean

10/25/2009

 

 

Financials

 

The 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

 

 

Products, Technologies, Services Description

 

Main Products & Services

PURIFIED ISOPHTHALIC ACID (IPA)

PHTHALIC ANHYDRIDE (PA)

DI OCTYL PHTHALATE (DOP)

ACETONE

PHENOL AND BISPHENOL

CYCLOHEXANE

DI ETHANOL AMINE (DEA), MONO ETHANOL AMINE(MEA)

MALEIC ANHYDRIDE (MA)

POLYPROPYLENE GLYCOL (PPG)

PURIFIED TEREPHTHALIC ACID (PTA)

GLACIAL ACETIC ACID (GAA)

 


Trade Partners & Competitors

 

Competitors

WOORI P & C CORPORATION

7TH FL., HIGLO BLDG., 914-1, DAECHI 4-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-3432-2800  FAX:+82-2-3432-4695

 

EVERLITE KOREA CO., LTD.

RM. 501, HANNAMDONG JY TOWER, 739-16, HANNAM-DONG, YONGSAN-GU, SEOUL, KOREA

TEL:+82-2-749-6763  FAX:+82-2-749-6764

 

HANYONG CORPORATION

RM. 814, MILLIANA 2-CHA OFFICETEL, 79-5, GARAKBON-DONG, SONGPA-GU, SEOUL, KOREA

TEL:+82-2-3401-9850  FAX:+82-2-3401-9870

 

 

Sales by Region

(Activity & Markets)

 

The Subject exports to Australia, Iran, Saudi Arabia and UAE.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.64

UK Pound

1

Rs.86.42

Euro

1

Rs.69.29

 

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.