MIRA INFORM REPORT

 

 

Report No. :

309689

Report Date :

24.02.2015

 

IDENTIFICATION DETAILS

 

Name :

JT INVESTMENT CORPORATION

 

 

Registered Office :

228, Yeoksam-ro, Gangnam-gu, Seoul, Korea, Rm.410, Hansung Bldg., 135-928

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

16.12.2013

 

 

Com. Reg. No.:

220-88-70281

 

 

Legal Form :

Company Limited by Shares

 

 

Line of Business :

Wholesale of Paper Products.

 

 

No. of Employees :

01

 

 

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 :

Slow but correct

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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. 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 Information

 

Company Name

JT INVESTMENT CORPORATION

(Korean Company Name : “(주)제이티인베스트먼트코퍼레이션”)

Registered Address

228, Yeoksam-ro, Gangnam-gu, Seoul, Korea

Building

Rm.410, Hansung Bldg.

Zip Code

135-928

Tel

+82-2-565-0281

Fax

+82-2-555-8513

E-mail

kelvin@jtinvestment.co.kr

Website

 

Trading Address

Rm.410, Hansung Bldg., 228, Yeoksam-ro, Gangnam-gu, Seoul, Korea

(Old Address System : Rm.410, Hansung Bldg., 770-10, Yeoksam 2-dong, Gangnam-gu, Seoul, Korea)

Tel

+82-2-565-0281

Fax

+82-2-555-8513

Other Address

 

Tel

 

Fax

 

Type

Export/Import

Industry

Wholesale of Paper Products

  Main Business

Paper Products, Pulp, Paper Box, Film

  Sub Business

 

Established (mm/dd/yyyy)

12/16/2013

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Printing and writing paper(14111500)

Sell

Paperboard and packaging papers(14121500)

 

 

CEO’s

 

Name

Kim Jung-Tae

Address

Suite B-01, 44, Yanghwa-ro 1-gil, Mapo-gu, Seoul, Korea

Date of Birth

08/21/1977

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

1

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

110111-5292232

Business Registered No.

220-88-70281

Permit & Licenses

Int’l Trade No.: 30755734

Shareholder Position

N/A

Company History

12/16/2013 Incorporated as the present name

01/20/2015 Moved to the present HQ address from Rm.307, Arin Bldg., 5-14, Nonhyeon-ro 85-gil, Gangnam-gu, Seoul, Korea (Old Address System : Rm.307, Arin Bldg., 738-2, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea)

 

 

 

 

Detailed Information

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Kim Jung-Tae

Male

Korean

12/16/2013

Director

Mr.

Kim Ju-Hyun

Male

Korean

12/16/2013

Auditor

Mr.

Kim Hyung-Hee

Male

Korean

12/16/2013

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2013

8,049,765,000

1,237,522,000

435,472,000

 

 

Financial Description

 

Authorized Capital(KRW)

500,000,000

Paid-Up Capital(KRW)

50,000,000

Total Issued Shares

10,000

 

Balance Sheet

Unit : Korean Won

As of 12/31/2013

As of 12/31/2012

As of 12/31/2011

Total Assets

1,237,522,000

 

 

Current Assets

 

 

 

-Quick Assets

 

 

 

-Inventories

 

 

 

Fixed Assets

 

 

 

-Investment

 

 

 

-Tangibles

 

 

 

-Intangibles

 

 

 

Total Liabilities

802,050,000

 

 

Current Liabilities

 

 

 

Fixed Liabilities

 

 

 

Capital Stock

435,472,000

 

 

Capital Surplus

 

 

 

Profit Surplus

 

 

 

Capital Adjustment

 

 

 

Total Equity

435,472,000

 

 

Liab. & Shareholder’s Equity

1,237,522,000

 

 

 

Income Statement

Unit : Korean Won

As of 12/31/2013

As of 12/31/2012

As of 12/31/2011

Sales

8,049,765,000

 

 

Cost of Sold Goods

 

 

 

Gross Profit

 

 

 

Selling & Admin. Expenses

 

 

 

Operating Income

436,447,000

 

 

Non-Operating Income

 

 

 

Non-Operating Expenses

 

 

 

Income Before Taxes

 

 

 

Income Taxes Expenses

 

 

 

Net Income

435,472,000

 

 

 

 

Products, Technologies, Services Description

 

Main Products & Services

Paper Products, Pulp, Paper Box, Film

Detailed Products Spec.

 

Technologies Acquired

 

 

 

Trade Partners & Competitors

 

Suppliers

 

Customers

 

Competitors

NAMKYEONG CO., LTD.

37-5, SANGNI-DONG, SEO-GU, DAEGU, KOREA

TEL:+82-53-567-0781  FAX:+82-53-567-0783

 

DAELIM CO., LTD.

514-9, MUNBAL-RI, GYOHA-EUP, PAJU-SI, GYEONGGI-DO, KOREA

TEL:+82-31-955-2771  FAX:+82-31-955-2776

 

GPP INTERNATIONAL CO., LTD.

RM. 712, SAMBO HOJEONG BLDG., 11, GUKHOE-DAERO 68-GIL, YEONGDEUNGPO-GU, SEOUL, KOREA

TEL:+82-2-2-761-6366  FAX:+82-70-8620-0229

 

 

Sales by Region (Activity & Markets)

 

The Subject exports ton Bangladesh and Iran.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

------

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.18

UK Pound

1

Rs.95.71

Euro

1

Rs.70.75

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TPT

 

               


 

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%)

 

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