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Report No. : |
346912 |
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Report Date : |
27.10.2015 |
IDENTIFICATION DETAILS
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Name : |
JEIL INDUSTRIAL CO., LTD. |
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Registered Office : |
58, Ogeum-Ro, Songpa-Gu, Seoul, Rm.901, Jamsil I-Space, Korea 05510 |
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Country : |
South Korea |
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Date of Incorporation : |
15.06.2011 |
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Com. Reg. No.: |
215-87-55317 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesales and Retails of Other Automobile
Parts. |
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No. of Employees : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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. 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 |
|
Company Name |
JEIL INDUSTRIAL CO., LTD. |
|
Registered Address |
58,
Ogeum-ro, Songpa-gu, Seoul, Korea |
|
Building |
Rm.901, Jamsil I-Space |
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Zip Code |
05510 |
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Tel |
+82-2-2214-6520 |
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Fax |
+82-2-2214-6521 |
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E-mail |
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Website |
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Trading Address |
Rm.901, Jamsil I-Space,
58, Ogeum-ro, Songpa-gu, Seoul, Korea (Old Address
System : Rm.901, Jamsil I-Space, 11-10, Sincheon-dong, Songpa-gu, Seoul, Korea) |
|
Tel |
+82-2-2214-6520 |
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Fax |
+82-2-2214-6521 |
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|
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Type |
Export/Import |
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Industry |
Wholesales and Retails of Other Automobile
Parts |
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Main Business |
Non Ferrous Metals, Automobile Parts |
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Sub
Business |
|
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Established (mm/dd/yyyy) |
06/15/2011 |
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Activity |
Detailed Products (UNSPSC) |
|
Sell |
Base Metals(11101700) |
|
Name |
Kim
Young-Geon |
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Address |
Suite 201-901, 435, Olympic-ro, Songpa-gu,
Seoul, Korea |
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Date of Birth |
05/09/1982 |
|
Title |
President & CEO |
|
Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
100,000,000 |
|
Employees |
4 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
N/A |
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Corporate Registered No. |
110111-4623701 |
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Business Registered No. |
215-87-55317 |
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Permit & Licenses |
Int’l Trade No.: 30645521 |
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Shareholder Position |
N/A |
|
Company History |
2008 Established as JEIL METALS
CO.(Sole Proprietorship) 06/15/2011 Incorporated as the present name 07/07/2012 Moved to the present HQ address from Rm.908, Jamsil I-Space, 11-10, Sincheon-dong, Songpa-gu, Seoul, Korea |
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|
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Kim
Young-Geon |
Male |
Korean |
03/31/2014 |
|
Director |
M/S. |
Cho Sun-Ah |
Female |
Korean |
06/15/2014 |
The financials are
not available, and the Subject Company does not have any obligations to release
its financials to the public.
|
Authorized Capital(KRW) |
400,000,000 |
|
Paid-Up Capital(KRW) |
100,000,000 |
|
Total Issued Shares |
10,000 |
|
Main Products & Services |
COPPER & COPPER ALLOY Copper Strip Brass Strip Copper Tube Copper Alloy Tube Copper Alloy Wire Brass Rod Copper Bus Bar Cu-Fe MAGNET WIRE Copper Enameled Wire C.T.C TRANSFORMER MATERIAL Radiator Panel Radiator valve Bushing Epoxy Resin |
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Detailed Products Spec. |
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Technologies Acquired |
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|
Suppliers |
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Customers |
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Competitors |
DAEHYUN NONFERROUS METAL CORP. 844-11, SONGMA-RI, DAEGOT-MYEON, GIMPO-SI,
GYEONGGI-DO, KOREA TEL:+82-31-989-6941 FAX:+82-31-989-3577 SEOUL NON FERROUS METALS CO., LTD. 178-10, BARANGONGDAN-RO, HYANGNAM-EUP,
HWASEONG-SI, GYEONGGI-DO, KOREA TEL:+82-31-366-3013~6 FAX:+82-31-366-3019 SOLMICS CO., LTD. 624, JANGDANG-DONG, PYEONGTAEK-SI,
GYEONGGI-DO, KOREA TEL:+82-31-660-8400 FAX:+82-31-664-8876 |
|
Affiliates |
|
|
Overseas Office |
PT.KBC INTERNATIONAL JLN RAYA NAROGONG KM 7.2 CIPENDAWA, BEKASI
JAWA BARAT TEL:+62-21-827-0427 FAX:+62-21-824-0026 |
Not Available.
Not Available.
------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.96 |
|
|
1 |
Rs.99.55 |
|
Euro |
1 |
Rs.71.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.