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Report Date : |
30.03.2013 |
IDENTIFICATION DETAILS
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Correct Name : |
MOON JUNG INDUSTRY CO., LTD. |
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Formerly Known As : |
MOON JUNG INDUSTRY CO. |
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Registered Office : |
142-16, Seoun-dong, Gyeyang-gu, Incheon, Korea, 2FL., Zip Code 407-070 |
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Country : |
South Korea |
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Date of Incorporation : |
29.05.2008 |
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Com. Reg. No.: |
Not available |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacturer of Compounded and Recycled Plastic Materials |
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No. of Employees : |
08 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
MOON JUNG INDUSTRY
CO., LTD. (Korean Company Name : “(주)문정산업”) |
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Registered Address |
142-16, Seoun-dong, Gyeyang-gu, Incheon, Korea |
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Building |
2FL. |
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Zip Code |
407-070 |
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Tel |
+82-32-553-2211 |
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Fax |
+82-32-553-2662 |
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Trading
Address |
2FL., 142-16, Seoun-dong,
Gyeyang-gu, Incheon, Korea (New Address System : 13, Anaji-ro 551beon-gil, Gyeyang-gu, Incheon,
Korea) |
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Tel |
+82-32-553-2211 |
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Fax |
+82-32-553-2662 |
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Type |
Export/Import |
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Industry |
Manufacture
of Compounded and Recycled Plastic Materials |
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Main Business |
Recycled
Plastic Materials |
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Sub
Business |
Collection
and Wholesale of Recycling Materials |
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Established (mm/dd/yyyy) |
05/29/2008 |
Mr. Son Jung-Sam owns the
premises of registered address.
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Plastic waste or scrap(11141602) |
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Name |
Son
Jung-Sam |
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Address |
Rm.106-503, 694, Deungchon-dong,
Gangseo-gu, Seoul, Korea |
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Date of Birth |
04/21/1959 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
200,000,000 |
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Employees |
8 |
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Formation |
Co.,
Ltd by shares |
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Bank Details |
Industrial Bank of Korea-Gyeyang Branch |
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Corporate Registered No. |
120111-0465957 |
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Business Registered No. |
122-86-00*** N/A. (The numbers are kept by
the National Tax Service confidentially.) Because the subject’s full Business Registered
No., for checking through the National Tax Service whether the subject is
still existing or not, is not available, so we cannot confirm if the subject
exist or not legally.) |
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Permit & Licenses |
The Subject is a
member of Korea Waste Recycling Association. |
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Shareholder Position |
N/A |
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Company History |
04/21/1993 Established as MOON JUNG CHEMICAL INDUSTRY CO.(122-51-73218) 01/01/2000 Changed company name to MOON JUNG
INDUSTRY CO.(122-51-73218) 05/29/2008 Incorporated as the present name |
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Son
Jung-Sam |
Male |
Korean |
05/29/2008 |
|
Director |
M/S. |
Kim Il-Ryei |
Female |
Korean |
05/29/2008 |
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Director |
Mr. |
Son Chang-Seok |
Male |
Korean |
05/29/2008 |
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Auditor |
Mr. |
Son Kyu-Seob |
Male |
Korean |
05/29/2008 |
The financials are
not available, and the Subject Company does not have any obligations to release
its financials to the public.
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Authorized Capital(KRW) |
800,000,000 |
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Paid-Up Capital(KRW) |
200,000,000 |
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Total Issues Shares |
20,000 |
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Main Products & Services |
Recycled
Plastic Materials |
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Competitors |
GREENPOL
CO., LTD. 146-13,
ANYEONG-RI, TANCHEON-MYEON, GONGJU-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-855-1773 FAX:+82-41-855-1776 ACE
MATERIALS CO., LTD. 767-13,
MAJANG-DONG, SEONGDONG-GU, SEOUL, KOREA TEL:+82-2-2298-7570 FAX:+82-2-2298-0760 SEJUNG
RESOURCES CORP. RM. 2026,
HYUNDAI WORLD TOWER, 907, MOK 5-DONG, YANGCHEON-GU, SEOUL, KOREA TEL:+82-2-6678-0800 FAX:+82-2-6678-0802 |
(Activity & Markets)
The Subject deals
with the companies in Pakistan.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.