|
Report Date : |
23.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
I BIG PLUS CO.,
LTD. |
|
|
|
|
Formerly Known as : |
I BIG INC. |
|
|
|
|
Registered Office : |
513, Yeongdong-daero, Gangnam-gu, Seoul, C-55, 2nd Fl., COEX, Zip Code
135-731 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
20.08.2007 |
|
|
|
|
Com. Reg. No.: |
215-87-06854 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
· Wholesaler of Materials for Recycling and Other Specialized Goods Subject product ranges includes Cotton, Pulp, Agricultural
Products, Fabrics, Health Aid Food, Cosmetics & Consulting Services |
|
|
|
|
No of Employees : |
03 |
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. 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 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,
and heavy reliance on exports - which comprise about half of GDP.
|
Source : CIA |
|
Company
Name |
I BIG PLUS CO., LTD. (Korean Company Name : “아이빅플러스(주)”) |
|
Registered Address |
513, Yeongdong-daero, Gangnam-gu, Seoul, Korea |
|
Building |
C-55, 2nd Fl., COEX |
|
Zip Code |
135-731 |
|
Tel |
+82-2-6000-4460 |
|
Fax |
+82-2-6000-4461 |
|
E-mail |
|
|
Website |
|
|
Trading
Address |
C-55, 2nd Fl., COEX, 513, Yeongdong-daero,
Gangnam-gu, Seoul, Korea (Old Address System : C-55, 2nd Fl., COEX, 159, Samseong 1-dong,
Gangnam-gu, Seoul, Korea) |
|
Tel |
+82-2-6000-4460 |
|
Fax |
+82-2-6000-4461 |
|
Other
Address |
A-2707, 40, Jamsil-dong, Songpa-gu,
Seoul, Korea |
|
Tel |
+82-2-2145-4404 |
|
Fax |
+82-2-2145-4405 |
|
Type |
Export/Import |
|
Industry |
Wholesaler
of Materials for Recycling and Other Specialized Goods n.e.c. |
|
Established (mm/dd/yyyy) |
08/20/2007 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Fabrics and leather materials(11160000) |
|
Sell |
Cotton fibers(11151507) |
|
Name |
Baek
Jeong-Hyun |
|
Address |
A-2207, 212, Olympic-ro, Songpa-gu, Seoul,
Korea |
|
Date of Birth |
01/20/1985 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
500,000,000 |
|
Employees |
3 |
|
Formation |
Co.,
Ltd by Shares |
|
Bank Details |
Korea Exchange Bank |
|
Corporate Registered No. |
110111-3738759 |
|
Business Registered No. |
215-87-06854 |
|
Permit & Licenses |
Int’l
Trade No.: 45325555 |
|
Shareholder Position |
N/A |
|
Company History |
08/20/2007 Incorporated as I BIG INC. 12/20/2010 Increased the authorized shares
to 8,000,000 shares from 80,000 shares 12/21/2010 Increased capital to 500,000,000
KRW from 300,000,000 KRW 03/10/2011 Changed company name to the
present name 03/10/2011 Moved to the present HQ address
from B-36, 2nd Fl., COEX, 159, Samseong 1-dong, Gangnam-gu, Seoul, Korea |
|
|
|
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Baek
Jeong-Hyun |
Male |
Korean |
08/16/2010 |
|
Director |
M/S. |
Kim Cha-No |
Female |
Korean |
03/29/2013 |
|
Year / Unit
: KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2012 |
|
|
|
|
2011 |
4,765,000,000 |
1,172,000,000 |
50,000,000 |
|
2010 |
1,839,000,000 |
1,188,000,000 |
32,000,000 |
|
2009 |
2,287,000,000 |
767,000,000 |
19,000,000 |
The full &
latest financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
|
Authorized Capital(KRW) |
40,000,000,000 |
|
Paid-Up Capital(KRW) |
500,000,000 |
|
Total Issues Shares |
100,000 |
|
Main Products & Services |
Cotton,
Pulp, Agricultural products, Fabrics, Health Aid Food, Cosmetics &
Consulting Services |
|
Competitors |
COTTON KOREA CO., LTD. RM. 306, GWANGDONG BLDG., 164, HYOJE-DONG,
JONGNO-GU, SEOUL, KOREA TEL:+82-2-741-9915 FAX:+82-2-741-9597 TAEBONG CO., LTD. 684-2, ILGOK-DONG, BUK-GU, GWANGJU, KOREA TEL:+82-62-571-6470 FAX:+82-62-571-8946 CHAWOO TRADING CO., LTD. 6TH FL., CHAWOO BLDG., 411-2, DOGOK 2-DONG,
GANGNAM-GU, SEOUL, KOREA TEL:+82-2-776-8177 FAX:+82-2-571-4196 |
(Activity & Markets)
The subject deals
with the companies in China, India, Indonesia and USA.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.57 |
|
UK Pound |
1 |
Rs.98.88 |
|
Euro |
1 |
Rs.80.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared by
: |
MNL |
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.