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Report No. : |
307665 |
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Report Date : |
11.02.2015 |
IDENTIFICATION DETAILS
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Name : |
JLP CORPORATION |
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Registered Office : |
1316-5, Seocho-dong, Seocho-gu, Seoul |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
11.10.2004 |
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Com. Reg. No.: |
220-86-92772 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesale of Synthetic Rubber and Plastics Materials |
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No. of Employees : |
7 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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.
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.
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Source
: CIA |
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Company Name |
JLP CORPORATION |
|
Registered Address |
1316-5, Seocho-dong, Seocho-gu, Seoul,
Korea |
|
Building |
Rm.804, Boutique Monaco |
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Zip Code |
137-745 |
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Tel |
+82-2-581-5738 |
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Fax |
+82-2-581-5746 |
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E-mail |
|
|
Website |
|
|
Trading Address |
Rm.804, Boutique Monaco, 1316-5, Seocho-dong,
Seocho-gu, Seoul, Korea (New Address System : Rm.804, 397, Seocho-daero, Seocho-gu, Seoul,
Korea) |
|
Tel |
+82-2-581-5738 |
|
Fax |
+82-2-581-5746 |
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Other Address-Branch |
1033-2, Bisan-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea |
|
Type |
Export |
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Industry |
Wholesale of Synthetic Rubber and Plastics Materials |
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Main Business |
Polyurethane Materials, Accessories, Cosmetics, Construction Materials |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
10/11/2004 |
The Subject Company occupies the premises of registered
HQ address by leasing base.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Chemistry reagents or solutions(41116105) |
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Sell |
Thermoplastic plastics(13102000) |
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Sell |
Thermal insulation(30141500) |
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Name |
Lee Dae-Yol |
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Address |
Suite 102-1403, 1583-10, Seocho-dong,
Seocho-gu, Seoul, Korea |
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Date of Birth |
03/22/1974 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
200,000,000 |
|
Employees |
7 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Woori Bank-Kyodae Station Branch |
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Corporate Registered No. |
110111-3096256 |
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Business Registered No. |
220-86-92772 |
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Permit & Licenses |
Int’l Trade No.: 45186594 |
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Shareholder Position |
N/A |
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Company History |
10/11/2004 Incorporated as the present name 07/06/2006 Increased capital to 120,000,000
KRW from 50,000,000 KRW 12/10/2008 Increased the authorized shares
to 1,000,000 shares from 40,000 shares 12/13/2008 Increased the authorized shares
to 200,000,000 KRW from 120,000,000 KRW 04/13/2009 Moved to Rm. 202, Korea
Auto Industries Coop Association Bldg., 1638-3, Seocho 1-dong, Seocho-gu,
Seoul, Korea from 1598-3, Seocho-dong,
Seocho-gu, Seoul, Korea 10/2009 Awarded US$30 Million Export Top Prize 01/21/2013 Moved to the present HQ address from Rm.1906, 397,
Seocho-daero, Seocho-gu, Seoul, Korea |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Lee Dae-Yol |
Male |
Korean |
04/04/2005 |
|
Director |
M/S. |
Baik Eun-Ha |
Female |
Korean |
03/31/2007 |
|
Auditor |
M/S. |
Choi Won-Sook |
Female |
Korean |
03/31/2007 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
58,938,000,000 |
5,024,000,000 |
363,000,000 |
|
|
2011 |
48,548,000,000 |
4,738,000,000 |
153,000,000 |
|
2010 |
56,519,000,000 |
5,024,000,000 |
392,000,000 |
|
2009 |
53,185,170,000 |
2,901,000,000 |
400,500,000 |
|
2008 |
29,334,840,000 |
3,351,000,000 |
264,730,000 |
|
2007 |
13,515,640,000 |
1,242,000,000 |
147,710,000 |
|
2006 |
5,639,500,000 |
|
31,460,000 |
The latest & full financials are not
available, and the Subject Company does not have any obligations to release its
financials to the public.
|
Authorized Capital(KRW) |
5,000,000,000 |
|
Paid-Up Capital(KRW) |
200,000,000 |
|
Total Issues Shares |
40,000 |
Balance Sheet
|
Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
5,024,000,000 |
4,738,000,000 |
5,024,000,000 |
|
Current Assets |
3,334,000,000 |
2,991,000,000 |
3,334,000,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
1,690,000,000 |
1,747,000,000 |
1,690,000,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
3,652,000,000 |
3,292,000,000 |
3,652,000,000 |
|
Current Liabilities |
3,652,000,000 |
3,292,000,000 |
3,652,000,000 |
|
Fixed Liabilities |
- |
- |
- |
|
Capital Stock |
200,000,000 |
200,000,000 |
200,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
- |
- |
- |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
1,372,000,000 |
1,446,000,000 |
1,372,000,000 |
|
Liab. & Shareholder’s Equity |
5,024,000,000 |
4,738,000,000 |
5,024,000,000 |
Income Statement
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Unit : Korean Won |
As of 12/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
58,938,000,000 |
48,548,000,000 |
56,519,000,000 |
|
Cost of Sold Goods |
54,011,000,000 |
45,394,000,000 |
53,391,000,000 |
|
Gross Profit |
4,927,000,000 |
3,154,000,000 |
3,128,000,000 |
|
Selling & Admin. Expenses |
4,441,000,000 |
2,661,000,000 |
2,553,000,000 |
|
Operating Income |
486,000,000 |
493,000,000 |
575,000,000 |
|
Non-Operating Income |
688,000,000 |
572,000,000 |
546,000,000 |
|
Non-Operating Expenses |
742,000,000 |
823,000,000 |
664,000,000 |
|
Income Before Taxes |
432,000,000 |
242,000,000 |
457,000,000 |
|
Income Taxes Expenses |
69,000,000 |
89,000,000 |
65,000,000 |
|
Net Income |
363,000,000 |
153,000,000 |
392,000,000 |
|
Main Products & Services |
Polyurethane Materials, Accessories, Cosmetics, Construction Materials |
|
Competitors |
FUTURE TECHNOLOGIES SYSTEM INC. RM. 406, JANG YEONG SIL HALL, VENTURE
BLDG., 1688-5, SINIL-DONG, DAEDEOK-GU, DAEJEON, KOREA TEL:+82-42-931-7680~2 FAX:+82-42-931-7683 SEKI ARKEMA CO., LTD. 8B-16L, CHILSEO LOCAL INDUSTRIAL COMPLEX,
79, GYENAE-RI, CHILSEO-MYEON, HAMAN-GUN, GYEONGSANGNAM-DO, KOREA TEL:+82-55-587-8055 FAX:+82-55-587-8061 KEUM JUNG CO., LTD. 852-141, GACHEON-RI, SAMNAM-MYEON,
ULJU-GUN, ULSAN, KOREA TEL:+82-52-264-8586 FAX:+82-52-264-8589 |
Not Available.
Not Available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.96 |
|
|
1 |
Rs.94.41 |
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Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.