MIRA INFORM REPORT

Report Date :

19.07.2014

IDENTIFICATION DETAILS

Name :	KJ INTERNATIONAL CO., LTD.

Registered Office :	133, Gamjeoncheon-ro, Sasang-gu, Busan, Korea

Country :	South Korea

Date of Incorporation :	15.01.2014

Legal Form :	Co., Ltd by Shares

Line of Business :	Wholesales and Retails of Synthetic Resin and Chemicals

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New Business
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)

South Korea

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

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

Basic Information

Basic

Company Name	KJ INTERNATIONAL CO., LTD.
Registered Address	133, Gamjeoncheon-ro, Sasang-gu, Busan, Korea
Zip Code	617-805
Tel	N/A
Fax	N/A
Trading Address	133, Gamjeoncheon-ro, Sasang-gu, Busan, Korea (Old Address System : 951-18, Gamjeon-dong, Sasang-gu, Busan, Korea)
Tel	N/A
Fax	N/A
Type	Export/Import
Industry	Wholesales and Retails of Synthetic Resin and Chemicals
Main Business	Synthetic Resin, Chemicals, Brokerage Services
Established (mm/dd/yyyy)	01/15/2014

Detailed Products

Activity	Detailed Products (UNSPSC)
Sell	Plastic resins(13111059)

CEO’s

Name	Ryu Kwang-Ji
Address	Suite 107-602, 206, Seolleung-ro, Gangnam-gu, Seoul, Korea
Date of Birth	05/25/1966
Title	President & CEO
Sex	Male
Nationality	Korean

Profiles

Capital (KRW)	300,000,000
Employees	N/A
Formation	Co., Ltd by Shares
Bank Details	N/A
Corporate Registered No.	180111-0895160
Business Registered No.	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.)
Permit & Licenses	N/A
Shareholder Position	N/A
Company History	01/15/2014 Incorporated as the present name

Detailed Information

Management

Job Description	Title	Name	Sex	Nationality	Inauguration Date
President & CEO	Mr.	Ryu Kwang-Ji	Male	Korean	01/15/2014
Director	Mr.	Jung Sook-Ki	Male	Korean	01/15/2014
Auditor	M/S.	Kim Kyung-Soon	Female	Korean	05/02/2014

Financial Description

Authorized Capital(KRW)	1,000,000,000
Paid-Up Capital(KRW)	300,000,000
Total Issued Shares	60,000

Products, Technologies, Services Description

Main Products & Services

Synthetic Resin, Chemicals, Brokerage Services

Trade Partners & Competitors

Competitors

CRESCO CORPORATION LTD.

RM. 407, GWANGHWAMUN OFFICIA, 163, SINMUNNO 1-GA, JONGNO-GU, SEOUL, KOREA

TEL:+82-2-3276-3777 FAX:+82-2-3276-3779

SAMMIN CORPORATION

RM. 408, DAEGWANG BLDG., 7-15, NONHYEON 1-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-547-2556 FAX:+82-2-547-2559

JUNGWOO CORPORATION

2ND FL., JEONG-U BLDG., 1552-8, SEOCHO 3-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-523-9661 FAX:+82-2-523-9671

Related Parties (Subsidiaries, Joint-Venture & Affiliates)

Affiliates

KUM YANG CO., LTD.(180111-0003101)

KUMYANG CHEMICALS HONGKONG

KUNMING KUMYANG CHEMICAL(CHINA)

K&J CHEMICAL

HANGEUM CHEMICAL SHANGHAI CO., LTD.(CHINA)

KUMYANG(LIANYUNGANG) CHEMICAL CO., LTD. (CHINA)

KUMYANG USA INC.

KUMYANG AMERICA LTD.

ILOVESCHOOL JAPAN

HAN DONG MAO YI(CHINA)

KUMYANG NEIMENGGU CHEMICAL CO., LTD. (CHINA)

Sales by Region (Activity & Markets)

Not Available.

News Clipping

Not Available.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.33
UK Pound	1	Rs.103.18
Euro	1	Rs.81.58

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.