|
Report Date : |
10.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
BEST JOIN CORPORATION |
|
|
|
|
Registered Office : |
260, Songpa-daero, Songpa-gu, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
07.09.2006 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Wholesale of Fishes |
|
|
|
|
No. of Employees : |
3 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Korea (South) |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
KOREA (SOUTH) - 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 |
Basic
|
Company Name |
BEST JOIN CORPORATION (Korean based English Name : BJC FOOD CO., LTD.) |
|
Registered Address |
260, Songpa-daero, Songpa-gu, Seoul, Korea |
|
Building |
Rm. 1905, Jeil Officetel |
|
Zip Code |
138-715 |
|
Tel |
+82-2-2043-1611 |
|
Fax |
+82-2-2043-1610 |
|
E-mail |
lee@bjseafood.com |
|
Website |
www.bjseafood.com |
|
Trading Address |
Rm. 1905, Jeil Officetel, 260, Songpa-daero, Songpa-gu, Seoul, Korea (Old Address System : Rm. 1905, Jeil Officetel, 99-3, Garakbon-dong,
Songpa-gu, Seoul, Korea) |
|
Tel |
+82-2-2043-1611 |
|
Fax |
+82-2-2043-1610 |
|
Type |
Export/Import |
|
Industry |
Wholesale of Fishes |
|
Main Business |
Frozen PD Shrimp, Frozen CPD Shrimp, Cocktail Shrimp, Frozen Red
Snapper, Frozen Squid, Frozen Shrimp, Lobster |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
09/07/2006 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Seafood(50120000) |
CEO’s
|
Name |
Lee Kwan-Soon |
|
Address |
Suite 515-701, 567, Songpa-daero,
Songpa-gu, Seoul, Korea |
|
Date of Birth |
03/15/1961 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
100,000,000 |
|
Employees |
3 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
110111-3523621 |
|
Business Registered No. |
215-86-89*** (The full 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.) |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
06/20/2003 Established as BEST JOIN
CORPORATION(Sole Proprietorship) 09/07/2006 Incorporated as the present name, “(주)비제이씨푸드” 09/02/2009 Increased capital to 100,000,000 KRW from 50,000,000 KRW |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Lee Kwan-Soon |
Male |
Korean |
08/24/2009 |
|
Director |
M/S. |
Kim In-Sun |
Female |
Korean |
08/24/2009 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2012 |
2,058,000,000 |
|
|
|
2011 |
2,231,000,000 |
|
|
|
2009 |
2,000,000,000 |
|
|
|
2008 |
3,500,000,000 |
|
|
The full and 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) |
100,000,000 |
|
Total Issued Shares |
20,000 |
Products,
Technologies, Services Description
|
Main Products & Services |
Frozen PD Shrimp, Frozen CPD Shrimp, Cocktail Shrimp, Frozen Red
Snapper, Frozen Squid, Frozen Shrimp, Lobster |
Trade Partners
& Competitors
|
Competitors |
BLUE-IS INC. 5TH FL., DURUMI BLDG., 75-19, GUUI 2-DONG,
GWANGJIN-GU, SEOUL, KOREA TEL:+82-2-419-7557 FAX:+82-2-419-9736 GREEN WORLD CO., LTD 10TH FL., DONGBANG BLDG., 25-4, JUNGANGDONG
4-GA, JUNG-GU, BUSAN, KOREA TEL:+82-51-464-9494 FAX:+82-51-441-3791 CNK TRADING CO., LTD. RM. 1904, KOREA BUSINESS CENTER, 1338-21,
SEOCHO 2-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-2055-2010 FAX:+82-2-2055-2060 |
Sales by Region
(Activity & Markets)
The Subject deals with the companies in Vietnam,
China and Thailand.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.73 |
|
|
1 |
Rs.102.36 |
|
Euro |
1 |
Rs.81.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NNA |
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.