|
Report Date : |
05.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
JD TRADERS CO., LTD. |
|
|
|
|
Registered Office : |
57-7, World Cup buk-ro, Mapo-gu, Seoul 121-846 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
24.12.1990 |
|
|
|
|
Com. Reg. No.: |
105-81-45674 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacturer of Leather Garments |
|
|
|
|
No of Employees : |
27 |
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) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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
|
Company Name |
JD TRADERS CO., LTD. (Korean Company Name : “(주)제이디무역”) |
|
Registered
Address |
57-7, World Cup buk-ro, Mapo-gu, Seoul, Korea |
|
Zip Code |
121-846 |
|
Tel |
+82-2-335-3776 |
|
Fax |
+82-2-335-3775 |
|
E-mail |
jdtraders@yahoo.co.kr |
|
Trading Address |
57-7, World Cup buk-ro, Mapo-gu, Seoul, Korea (Old Address System : 232-13, Seongsan 1-dong, Mapo-gu, Seoul, Korea) |
|
Tel |
+82-2-335-3776 |
|
Fax |
+82-2-335-3775 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Leather Garments |
|
Main Business |
Leather Clothing |
|
Established
(mm/dd/yyyy) |
12/24/1990 |
Operating Office
449-1 Sukhyo-Dong-Mapo-Ku, Seoul, South Korea
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Leathers(11162300) |
|
Sell |
Coats and jackets(53101800) |
|
Sell |
Slacks and trousers and shorts(53101500) |
|
Sell |
Purses and handbags and bags(53121600) |
|
Sell |
Hats(53102503) |
|
Sell |
Dresses and skirts and saris and kimonos(53102000) |
|
Sell |
Coats and jackets(53101800) |
CEO’s
|
Name |
Kim Jung-Do |
|
Address |
Suite 6-701,
35-10, Jeungsan-ro 15-gil, Eunpyeong-gu, Seoul, Korea |
|
Date of Birth |
04/21/1955 |
|
Title |
President
& CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
150,000,000 |
|
Employees |
27 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Kookmin
Bank-Sales Dept. |
|
Corporate
Registered No. |
110111-0738801 |
|
Business
Registered No. |
105-81-45674 |
|
Permit &
Licenses |
N/A |
|
Shareholder
Position |
N/A |
|
Company
History |
12/24/1990
Incorporated as the present name |
|
|
|
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Kim Jung-Do |
Male |
Korean |
12/24/1993 |
|
Director |
Mr. |
Jung Jae-Yeol |
Male |
Korean |
03/20/1993 |
|
Auditor |
Mr. |
Lee Hae-Hong |
Male |
Korean |
02/20/1993 |
Financial Description
|
Authorized
Capital(KRW) |
200,000,000 |
|
Paid-Up
Capital(KRW) |
150,000,000 |
|
Total Issued
Shares |
15,000 |
Products, Technologies,
Services Description
|
Main Products
& Services |
Leather Clothing |
Trade Partners &
Competitors
|
Competitors |
DAE IL LEATHER
CO., LTD. 1086-1,
JANGNIM 1-DONG, SAHA-GU, BUSAN, KOREA TEL:+82-51-262-9191~4 FAX:+82-51-262-9195 SEONG WON
LEATHER IND. CO., LTD. 18B-45, BANWOL
INDUSTRIAL COMPLEX, 617-7, SEONGGOK-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO,
KOREA TEL:+82-31-491-0212~3 FAX:+82-31-491-0504 YONG SHIN
LEATHER CO., LTD. 100,
SAMBANG-DONG, GIMHAE-SI, GYEONGSANGNAM-DO, KOREA TEL:+82-55-329-0871 FAX:+82-55-329-0874 |
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.33 |
|
|
1 |
Rs. 99.18 |
|
Euro |
1 |
Rs. 80.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
SMT |
|
|
|
|
Report Prepared
by : |
DPT |
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.