|
Report Date : |
20.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
EUNJAE CORPORATION |
|
|
|
|
Registered Office : |
6, Hakdong-ro
3-gil, Gangnam-gu, Seoul, Korea |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
28.09.2009 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Wholesales and retails of electronics & electronic
part, machinery & equipment and other machinery for making up paper pulp,
paper or paperboard |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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. 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. 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-South Korea Free Trade Agreement was ratified by both
governments in 2011 and went into effect in March 2012. Throughout 2012 the
economy experienced sluggish growth because of market slowdowns in the United
States, China, and the Eurozone. The incoming administration in 2013, following
the December 2012 presidential election, is likely to face the challenges 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, and heavy reliance on
exports - which comprise half of GDP
|
Source
: CIA |
Basic
|
Company Name |
EUNJAE CORPORATION (Korean Company Name : “은재실업”) |
|
Registered
Address |
6, Hakdong-ro
3-gil, Gangnam-gu, Seoul, Korea |
|
Building |
Nonhyun Town |
|
Zip Code |
135-814 |
|
Tel |
+82-2-540-2451 |
|
Fax |
+82-2-540-2461 |
|
Trading Address |
6, Hakdong-ro 3-gil, Gangnam-gu, Seoul, Korea (Old Address System : 52-2, Nonhyeon 1-dong, Gangnam-gu, Seoul, Korea) |
|
Tel |
+82-505-540-8800 |
|
Fax |
+82-505-530-8800 |
|
Type |
Export/Import |
|
Industry |
Wholesales and retails of Electronics & Electronic
Part, Machinery & Equipment and Other Machinery for Making up Paper Pulp,
Paper or Paperboard |
|
Main Business |
Water Leakage
Detector, Medical Device |
|
Established
(mm/dd/yyyy) |
09/28/2009 |
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Medical equipment and accessories and supplies(42000000) |
CEO’s
|
Name |
Kim Jae-Kun (Mobile : +82-11-305-8879) |
|
Title |
Owner |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
Not Applicable
to the Sole Proprietorship |
|
Employees |
N/A |
|
Formation |
Sole Proprietorship |
|
Bank Details |
N/A |
|
Corporate
Registered No. |
Not Applicable
to the Sole Proprietorship |
|
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 |
The owner has
100% shares. |
|
Company
History |
09/28/2009
Established as the present name |
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Owner |
Mr. |
Kim Jae-Kun |
Male |
Korean |
09/28/2009 |
The 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) |
Not Applicable
to the Sole Proprietorship |
|
Paid-Up
Capital(KRW) |
Not Applicable
to the Sole Proprietorship |
|
Total Issued
Shares |
Not Applicable
to the Sole Proprietorship |
Products, Technologies,
Services Description
|
Main Products
& Services |
Water Leakage
Detector, Medical Device |
Trade Partners &
Competitors
|
Competitors |
CU CKIN CO.,
LTD. 5TH FI.,
SAMHYEONG CASTLE BLDG., 48-1, JAMWON-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-511-4288 FAX:+82-2-511-4624 MEDIWAY KOREA
CO., LTD. 3RD FL.,
SEOKCHO BLDG., 1784-1, SEOBYEON-DONG, BUK-GU, DAEGU, KOREA TEL:+82-53-955-2225 FAX:+82-53-955-1124 HANKOOK
ANDERSON C-403, LEADERSON
TOWEN, 308, MANNYEON-DONG, SEO-GU, DAEJEON, KOREA TEL:+82-42-485-7412~3 FAX:+82-42-485-7416 |
Sales by Region
(Activity & Markets)
Not Available.
Court Action
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 58.42 |
|
|
1 |
Rs. 98.28 |
|
Euro |
1 |
Rs. 80.12 |
INFORMATION DETAILS
|
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.