|
Report No. : |
320924 |
|
Report Date : |
02.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
KJ INTERNATIONAL CO., LTD. |
|
|
|
|
Registered Office : |
133, Gamjeoncheon-ro, Sasang-gu, Busan, Korea 617-805 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Date of Incorporation : |
15.01.2014 |
|
|
|
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Com. Reg. No.: |
606-86-52450 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
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|
|
|
Line of Business : |
Wholesales and Retails of Synthetic Resin
and Chemicals |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
-- |
NB |
New Business |
-- |
|
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
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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.
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 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, and is currently the world's 12th largest economy. 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 sluggish
growth because of external market slowdowns. 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.
|
Source
: CIA |
|
Company Name |
KJ INTERNATIONAL CO., LTD. |
|
Registered Address |
133,
Gamjeoncheon-ro, Sasang-gu, Busan, Korea |
|
Building |
-- |
|
Zip Code |
617-805 |
|
Tel |
N/A |
|
Fax |
N/A |
|
E-mail |
-- |
|
Website |
-- |
|
|
|
|
Trading Address |
133, Gamjeoncheon-ro,
Sasang-gu, Busan, Korea (Old Address System : 951-18,
Gamjeon-dong, Sasang-gu, Busan, Korea) |
|
Tel |
N/A |
|
Fax |
N/A |
|
|
|
|
Type |
Export/Import |
|
Industry |
Wholesales and Retails of Synthetic Resin
and Chemicals |
|
Main Business |
Synthetic Resin, Chemicals, Brokerage
Services |
|
|
|
|
Established (mm/dd/yyyy) |
01/15/2014 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Plastic resins(13111059) |
|
Name |
Ryu Kwang-Ji |
|
Address |
Suite 107-602, 206, Seolleung-ro,
Gangnam-gu, Seoul, Korea |
|
Date of Birth |
05/25/1966 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
300,000,000 |
|
Employees |
N/A |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
N/A |
|
Corporate Registered No. |
180111-0895160 |
|
Business Registered No. |
606-86-52450 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
01/15/2014 Incorporated as the present name |
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Ryu Kwang-Ji |
Male |
Korean |
01/15/2014 |
|
Director |
Mr. |
Jung Sook-Ki |
Male |
Korean |
01/15/2014 |
|
Auditor |
M/S. |
Kim Kyung-Soon |
Female |
Korean |
05/02/2014 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2014 |
|
|
|
|
Authorized Capital(KRW) |
1,000,000,000 |
|
Paid-Up Capital(KRW) |
300,000,000 |
|
Total Issued Shares |
60,000 |
|
Main Products & Services |
Synthetic Resin, Chemicals, Brokerage
Services |
|
Competitors |
CRESCO CORPORATION LTD. RM. 407, GWANGHWAMUN OFFICIA, 163, SINMUNNO
1-GA, JONGNO-GU, SEOUL, KOREA TEL:+82-2-3276-3777 FAX:+82-2-3276-3779 SAMMIN CORPORATION RM. 408, DAEGWANG BLDG., 7-15, NONHYEON
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-547-2556 FAX:+82-2-547-2559 JUNGWOO CORPORATION 2ND FL., JEONG-U BLDG., 1552-8, SEOCHO
3-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-523-9661 FAX:+82-2-523-9671 |
|
Affiliates |
KUM YANG CO.,
LTD.(180111-0003101) KUMYANG CHEMICALS HONGKONG KUNMING KUMYANG CHEMICAL(CHINA) HANGEUM CHEMICAL SHANGHAI CO., LTD.(CHINA) KUMYANG(LIANYUNGANG) CHEMICAL CO., LTD.
(CHINA) KUMYANG USA INC. KUMYANG AMERICA LTD. ILOVESCHOOL JAPAN HAN DONG MAO YI(CHINA) KUMYANG NEIMENGGU CHEMICAL CO., LTD.
(CHINA) |
|
Joint Venture |
K&J CHEMICALS CO., LTD. |
Not Available.
Not Available.
-----------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.58 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.