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Report No. : |
330447 |
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Report Date : |
06.07.2015 |
IDENTIFICATION DETAILS
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Name : |
JAMES POLYMER |
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Registered Office : |
17, Juheung 3-Gil, Seocho-Gu, Seoul, Korea, Rm.401, Banpo Sereno Apt., 137-810 |
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Country : |
Korea
(South) |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Not Available |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
Clear |
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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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Korea (South) |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
KOREA (SOUTH) - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible economic 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. A system of close government and business ties, including directed credit and import restrictions, initially 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 7% 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 over 6% growth in 2010. The US-Korea Free Trade Agreement was ratified by both governments in 2011 and went into effect in March 2012. Between 2012 and 2014, the economy experienced slow growth due to sluggish domestic consumption and investment. The administration in 2015 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 the heavy reliance on exports, which comprise about half of GDP. In an effort to address the long term challenges and sustain economic growth, the current government has prioritized structural reforms, deregulation, promotion of entrepreneurship and creative industries, and the competitiveness of small and medium enterprises.
|
Source
: CIA |
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Company Name |
JAMES POLYMER (Korean Company Name : “제임스폴리머”) |
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Registered Address |
17, Juheung 3-gil, Seocho-gu, Seoul, Korea |
|
Building |
Rm.401, Banpo Sereno Apt. |
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Zip Code |
137-810 |
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Tel |
N/A |
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Fax |
N/A |
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E-mail |
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Website |
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Trading
Address |
Rm.401,
Banpo Sereno Apt., 17, Juheung 3-gil, Seocho-gu, Seoul, Korea (Old Address System : Rm.401, Banpo
Sereno Apt., 742-10, Banpo 1-dong, Seocho-gu, Seoul, Korea) |
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Tel |
N/A |
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Fax |
N/A |
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Other
Address |
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|
Tel |
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|
Fax |
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Type |
N/A |
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Industry |
N/A |
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Main Business |
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Sub
Business |
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Established (mm/dd/yyyy) |
N/A |
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Activity |
Detailed Products (UNSPSC) |
|
Sell |
N/A |
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Name |
James
Kim (Mobile : +82-10-3761-0950) |
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Address |
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Date of Birth |
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Title |
Owner |
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Sex |
Male |
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Nationality |
N/A |
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Capital (KRW) |
Not Applicable to
the Sole Proprietorship |
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Employees |
N/A |
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Formation |
Sole
Proprietorship |
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Bank Details |
N/A |
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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.) |
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Permit & Licenses |
N/A |
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Shareholder Position |
The owner has 100% shares. |
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Company History |
N/A |
The premises (Building : 148.88m2, Land : 56.29 m2/586.3 m2) of
registered HQ address have been owned by Lee Hyung-Jik(DOB : 08/23/1976, Rm.304, 670-16, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea) and Shin Ji-Hye(DOB : 09/18/1976, Rm.304,
31-12, Samseong 2-dong, Gangnam-gu, Seoul, Korea) since 09/12/2007.
And it has been pledged as collateral against Lee Hyung-Jik amounting
360,000,000 KRW as of 10/15/2007 under Chungdam Station Branch of Shinhan Bank(110111-0012809).
We could not
identify whether the contact numbers are belonged to the subject or not,
because of +82-10-3761-0950 is a private mobile number.
In our research
through the official sources including the Supreme Court Registry at which
every Co Ltd type of Company should be registered, we could not find the
subject company. So we submit the report as a Sole Proprietorship Type of
Company as long as it exists.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
UK Pound |
1 |
Rs.98.94 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
|
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Report Prepared
by : |
VNT |
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 |
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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 |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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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 |
-- |
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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.