|
Report Date : |
23.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
NEW JS CO., LTD. |
|
|
|
|
Registered Office : |
Rm.204, Woolim Lions Valley B, 19, Yangpyeong-ro 21ga-gil, Yeongdeungpo-gu 150-984 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
14.03.2011 |
|
|
|
|
Com. Reg. No.: |
107-87-749377 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Wholesaler of Steel Products |
|
|
|
|
No of Employees : |
2 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
NEW JS CO., LTD. (Korean Company Name : “뉴제이에스(주)”) |
|
Registered Address |
19, Yangpyeong-ro 21ga-gil, Yeongdeungpo-gu, Seoul, Korea |
|
Building |
Rm.204,
Woolim Lions Valley B |
|
Zip Code |
150-984 |
|
Tel |
+82-2-780-9801~2 |
|
Fax |
+82-2-780-9803 |
|
Trading
Address |
Rm.204, Woolim Lions Valley B, 19, Yangpyeong-ro
21ga-gil, Yeongdeungpo-gu, Seoul, Korea (Old Address System : Rm.204, Woolim Lions Valley B, 18,
Yangpyeong-dong 5-ga, Yeongdeungpo-gu, Seoul, Korea) |
|
Tel |
+82-2-780-9801~2 |
|
Fax |
+82-2-780-9803 |
|
Type |
Export/Import |
|
Industry |
Wholesales of Steel Products |
|
Main Business |
Steel Products, Steel Coil, Stone,
Construction Materials |
|
Established (mm/dd/yyyy) |
03/14/2011 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Steel plate(30102204) |
|
Sell |
Iron plate(30102203) |
|
Sell |
Steel coil(30101904) |
|
Sell |
Stone(11111600) |
CEO’s
|
Name |
Kim Wan-Soo |
|
Address |
Suite 507-102, Samsung Raemian
Gongdeok 5 Cha Apt., Gongdeok-dong, Mapo-gu, Seoul, Korea |
|
Date of Birth |
03/01/1977 |
|
Title |
Representative Director |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
200,000,000 |
|
Employees |
2 |
|
Formation |
Co.,
Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
110111-4556051 |
|
Business Registered No. |
107-87-749377 |
|
Permit & Licenses |
Int’l Trade No.: 30687204 |
|
Shareholder Position |
N/A |
|
Company History |
03/14/2011 Incorporated as the present name 06/22/2012 Increased capital to 200,000,000
KRW from 100,000,000 KRW 07/12/2012 Moved to Rm.3103,
S-Trenue Bldg., 26, Yeouido-dong, Yeongdeungpo-gu, Seoul,
Korea from Rm. 809, Union Tower, 44-34, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea 11/2012 Awarded US$ 1 Million Export Top Prize 06/20/2013 Moved to the present HQ address from Rm.3103,
S-Trenue Bldg., 26, Yeouido-dong, Yeongdeungpo-gu, Seoul,
Korea |
|
|
|
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Representative Director |
Mr. |
Kim Wan-Soo |
Male |
Korean |
06/21/2011 |
Financials
|
Year / Unit
: KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2012 |
|
|
|
|
2011 |
1,451,110,000 |
|
55,140,000 |
The latest &
full 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) |
400,000,000 |
|
Paid-Up Capital(KRW) |
200,000,000 |
|
Total Issues Shares |
40,000 |
Products,
Technologies, Services Description
|
Main Products
& Services |
- Hot rolled
steel / Mild steel plate - Cold rolled
steel / High carbon steel / Full hard steel strip - Galvanized steel
/ Galvannealed steel / Hot dipped galvanized steel - Electro
galvanized steel - Alue-Zinc
steel / Alueminume coated steel - Tin plate
steel / Silicon steel - Color coated
steel - Cold rolled
steel pipe / Galvanized steel pipe / Channel
/ Angle - Top/End
steel sheet / Secondary steel / Over rolled steel - Round Bar |
Trade Partners &
Competitors
|
Suppliers |
POSCO, HYSCO, DONG-BU STEEL, UNION STEEL |
|
Competitors |
SAM YANG STEEL
IRON CO., LTD. 813-5,
HYOMUN-DONG, BUK-GU, ULSAN, KOREA TEL:+82-52-288-8880 FAX:+82-52-289-2244 KYUNG BUK
STEEL CO., LTD. 230-17, HAKJANG-DONG, SASANG-GU, BUSAN,
KOREA TEL:+82-51-323-2321~4 FAX:+82-51-323-4403 SUNGHO STEEL
CO., LTD. 823, CHIMSAN
1-DONG, BUK-GU, DAEGU, KOREA TEL:+82-53-356-3587 FAX:+82-53-351-7577 |
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 58.57 |
|
|
1 |
Rs. 98.87 |
|
Euro |
1 |
Rs. 80.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.