|
Report Date : |
06.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
JUMAX KOREA CO.,
LTD. |
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|
|
|
Registered Office : |
2nd Fl., 6-11, Daemyeongdae-gil,
Opo-eup, Gwangju-si, |
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Country : |
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|
|
|
Financials (as on) : |
31.12.2013 |
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|
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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 : |
Company Limited by Shares |
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Line of Business : |
Wholesale of Nonalcoholic Beverages. |
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No of Employees : |
59 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
|
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 1, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 is currently the
world's 12th largest economy. 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. South 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. South Korea's export focused economy was hit hard by the 2008
global economic downturn, but quickly rebounded in subsequent years, reaching
6.3% growth in 2010. The US-Korea Free Trade Agreement was ratified by both
governments in 2011 and went into effect in March 2012. Throughout 2012 and
2013 the economy experienced sluggish growth because of market slowdowns in the
United States, China, and the Eurozone. The
administration in 2014 is likely to face the challenge of balancing heavy
reliance on exports with developing domestic-oriented sectors, such as
services. The South Korean economy's long term challenges include a rapidly
aging population, inflexible labor market, dominance of large conglomerates (chaebols), and heavy reliance on exports, which comprise
about half of GDP.
|
Source
: CIA |
|
Company
Name |
JUMAX KOREA CO.,
LTD. (Korean Company
Name : “한국쥬맥스(주)”) |
|
Registered Address |
2nd Fl., 6-11, Daemyeongdae-gil,
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., 6-11, Daemyeongdae-gil,
Opo-eup, Gwangju-si, Gyeonggi-do, Korea (Old Address Syste4m : 2nd Fl., 361-10, Neungpyeong-ri, Opo-eup, Gwangju-si, Gyeonggi-do, Korea) |
|
Tel |
+82-31-708-5664 |
|
Fax |
+82-31-708-9984 |
|
Other Address |
Rm.426, 19, Hakdong-ro
2-gil, Gangnam-gu, Seoul, Korea |
|
Tel |
|
|
Fax |
|
|
Type |
Import |
|
Industry |
Wholesale of Nonalcoholic Beverages |
|
Main Business |
Beverage, Juice |
|
Sub
Business |
|
|
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 |
59 |
|||||||||
|
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 |
|
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|
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 05/2014 Designated as MAIN-BIZ Company |
|||||||||
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|
|
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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 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
19,502,794,000 |
6,009,645,000 |
495,752,000 |
|
|
2012 |
12,516,612,000 |
4,953,888,000 |
196,407,000 |
|
2011 |
7,127,231,000 |
3,575,558,000 |
97,816,000 |
|
2010 |
N/A |
N/A |
N/A |
|
2009 |
N/A |
N/A |
N/A |
|
2008 |
5,353,000,000 |
2,345,000,000 |
77,000,000 |
|
Authorized Capital(KRW) |
5,000,000,000 |
|
Paid-Up Capital(KRW) |
540,000,000 |
|
Total Issued Shares |
108,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Total Assets |
6,009,645,000 |
4,953,888,000 |
3,575,558,000 |
|
Current Assets |
5,116,726,000 |
4,188,479,000 |
3,120,910,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
892,919,000 |
765,409,000 |
454,648,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
4,275,673,000 |
3,715,668,000 |
2,633,745,000 |
|
Current Liabilities |
3,308,393,000 |
2,643,348,000 |
1,415,745,000 |
|
Fixed Liabilities |
967,280,000 |
1,072,320,000 |
1,218,000,000 |
|
Capital Stock |
540,000,000 |
540,000,000 |
440,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
1,193,972,000 |
698,220,000 |
501,813,000 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
1,733,972,000 |
1,238,220,000 |
941,813,000 |
|
Liab. & Shareholder’s Equity |
6,009,645,000 |
4,953,888,000 |
3,575,558,000 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Sales |
19,502,794,000 |
12,516,612,000 |
7,127,231,000 |
|
Cost of Sold Goods |
14,001,397,000 |
9,187,248,000 |
4,532,947,000 |
|
Gross Profit |
5,501,397,000 |
3,329,364,000 |
2,594,284,000 |
|
Selling & Admin. Expenses |
4,946,754,000 |
3,001,585,000 |
2,292,048,000 |
|
Operating Income |
554,643,000 |
327,779,000 |
302,236,000 |
|
Non-Operating Income |
286,822,000 |
199,146,000 |
22,880,000 |
|
Non-Operating Expenses |
311,222,000 |
311,158,000 |
218,426,000 |
|
Income Before Taxes |
530,243,000 |
215,767,000 |
106,690,000 |
|
Income Taxes Expenses |
34,491,000 |
19,360,000 |
8,874,000 |
|
Net Income |
495,752,000 |
196,407,000 |
97,816,000 |
|
Main Products & Services |
Beverage, Juice |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
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 |
The Subject imports
from Greece, USA, Spain and Austria.
Not Available.
-----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
|
1 |
Rs.96.70 |
|
Euro |
1 |
Rs.76.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.