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Report Date : |
14.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
JUMAX KOREA CO., LTD. |
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Registered Office : |
2nd Fl., 361-10, Neungpyeong-ri, Opo-eup, Gwangju-si, Gyeonggi-do,
Korea 464-921 |
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Country : |
South Korea |
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Date of Incorporation : |
18.08.2003 |
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Com. Reg. No.: |
129-81-64963 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesale of Nonalcoholic Beverages |
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No. of Employees : |
9 |
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 |
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Payment Behaviour : |
Unknown |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
South Korea - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated
incredible growth and global integration to become a high-tech industrialized
economy. In the 1960s, GDP per capita was comparable with levels in the poorer
countries of Africa and Asia. In 2004, South Korea joined the trillion dollar
club of world economies, and currently is among the world's 20 largest
economies. Initially, a system of close government and business ties, including
directed credit and import restrictions, made this success possible. The
government promoted the import of raw materials and technology at the expense
of consumer goods, and encouraged savings and investment over consumption. The
Asian financial crisis of 1997-98 exposed longstanding weaknesses in South
Korea''s development model including high debt/equity ratios and massive
short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered
by 9% in 1999-2000. Korea adopted numerous economic reforms following the
crisis, including greater openness to foreign investment and imports. Growth
moderated to about 4% annually between 2003 and 2007. With the global economic
downturn in late 2008, South Korean GDP growth slowed to 0.3% in 2009. In the
third quarter of 2009, the economy began to recover, in large part due to export
growth, low interest rates, and an expansionary fiscal policy, and growth was
3.6% in 2011. In 2011, the US-South Korea Free Trade Agreement was ratified by
both governments and is projected to go into effect in early 2012. The South
Korean economy''s long term challenges include a rapidly aging population,
inflexible labor market, and heavy reliance on exports - which comprise half of
GDP.
|
Source : CIA |
|
Company Name |
JUMAX KOREA CO., LTD. |
|
Registered Address |
2nd Fl., 361-10, Neungpyeong-ri, Opo-eup, Gwangju-si, Gyeonggi-do,
Korea |
|
Zip Code |
464-921 |
|
Tel |
+82-31-708-5664 |
|
Fax |
+82-31-708-9984 |
|
E-mail |
jumaxkr@hanmail.net |
|
Website |
www.jumax.co.kr |
|
Trading Address |
2nd Fl., 361-10, Neungpyeong-ri, Opo-eup, Gwangju-si, Gyeonggi-do,
Korea |
|
Tel |
+82-31-708-5664 |
|
Fax |
+82-31-708-9984 |
|
Type |
Import |
|
Industry |
Wholesale of Nonalcoholic Beverages |
|
Main Business |
Beverage, Juice |
|
Established (mm/dd/yyyy) |
08/18/2003 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Food or drug or cosmetic safe FDC dyes(12171504) |
|
Sell |
Formulas and products for nutritional support(42231800) |
|
Name |
Choi Moon-Sik |
|
Address |
Suite 113-1303, 28, Jangan-ro 25beon-gil,
Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Date of Birth |
04/24/1970 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
540,000,000 |
|
Employees |
9 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Hana Bank-Sungnam Industrial Complex Branch |
|
Corporate Registered No. |
1311110-101087 |
|
Business Registered No. |
129-81-64963 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
08/18/2003 Incorporated as the present name 06/15/2009 Moved to the present HQ address
from 120-5, Bundang-dong, Bundang-gu, Seongnam-si,
Gyeonggi-do, Korea 06/01/2010 Increased the authorized shares
to 1,000,000 shares from 80,000 shares 03/31/2012 Increased capital to 540,000,000
KRW from 440,000,000 KRW |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Choi Moon-Sik |
Male |
Korean |
08/18/2012 |
|
Director |
Mr. |
Kim In-Cheon |
Male |
Korean |
05/11/2004 |
|
Auditor |
M/S. |
Choi Mi-Soon |
Female |
Korean |
03/31/2009 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2010 |
|
|
|
|
2009 |
|
|
|
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2008 |
5,353,000,000 |
2,345,000,000 |
77,000,000 |
|
2007 |
|
|
|
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2006 |
|
|
|
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2005 |
|
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|
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2004 |
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|
|
2003 |
|
|
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The latest & full financials are not available,
and the Subject Company does not have any obligations to release its financials
to the public.
|
Authorized Capital(KRW) |
5,000,000,000 |
|
Paid-Up Capital(KRW) |
540,000,000 |
|
Total Issued Shares |
108,000 |
|
Main Products & Services |
Beverage, Juice |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
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Customers |
E-MARK, HOMEPLUS TESCO, LOTTE SUPER, SEVEN
ELEVEN, HYUNDAI DEPARTMENT STORE, GALLERIA DEPARTMENT STORE, SHINSEGAE
DEPARTMENT STORE, GS25 |
|
Competitors |
BUKOOK CO., LTD. 2ND FL., SAMO BLDG., 53-3, CHEONGDAM-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2-548-6350 FAX:+82-2-548-6351 ELIM CI CO., LTD. RM.2811, 28FL., U-TOWER, HEUNGDUCK KDB, 1029, YEONGDEO-DONG,
GIHEUNG-GU, YONGIN-SI, GYEONGGI-DO, KOREA TEL:+82-31-236-9900 FAX:+82-31-236-3613 KITTO LIFE CO., LTD. 576-1, CHILGOE-DONG, PYEONGTAEK-SI,
GYEONGGI-DO, KOREA TEL:+82-2-579-7003 FAX:+82-2-579-7572 |
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.54 |
|
UK Pound |
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.72.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.