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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

517507

Report Date :

28.06.2018

 

IDENTIFICATION DETAILS

 

Name :

JISOO APPAREL CO., LTD.

 

 

Registered Office :

610, Cheonho-daero, Gwangjin-gu, Seoul, Korea, E&J Bldg., 04987

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2017

 

 

Date of Incorporation :

07.10.2002

 

 

Com. Reg. No.:

206-81-74924

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Export/Import Manufacture, Wholesales and Retails of Garment Blouse, Women's Blouse

 

 

No. of Employees :

10

 

 

 

 

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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.

 

 


Basic Information

 

Basic

 

Company Name

JISOO APPAREL CO., LTD.

Registered Address

610, Cheonho-daero, Gwangjin-gu, Seoul, Korea

Building

E&J Bldg.

Zip Code

04987

Tel

+82-2-444-0801

Fax

+82-2-444-0867

E-mail

sungsik@jsapp.co.kr

Website

 

Trading Address

E&J Bldg., 610, Cheonho-daero, Gwangjin-gu, Seoul, Korea

(Old Address System : E&J Bldg., 246-9, Neung-dong, Gwangjin-gu, Seoul, Korea)

Tel

+82-2-444-0812

Fax

+82-2-458-6807

Other Address

 

Tel

 

Fax

 

Type

Export/Import

Industry

Manufacture, Wholesales and Retails of Garment

  Main Business

Blouse, Women's Blouse

  Sub Business

 

Established (mm/dd/yyyy)

10//07/2002

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Clothing(53100000)

Sell

Shirts and blouses(53101600)

 

CEO’s

 

Name

Chae Eun-Seok

Date of Birth

09/14/1962

Title

President & CEO

Nationality

Korean

 

Profiles

 

Capital (KRW)

50,000,000

Employees

10

Formation

Co., Ltd by Shares

Bank Details

Industrial Bank of Korea-Junggok Dong Branch

Corporate Registered No.

110111-2624769

Business Registered No.

206-81-74924

Permit & Licenses

N/A

Shareholder Position

Name

Shares

%

KIM HAE-HO

1,500

15.00

KIM SUN-YOUNG

500

5.00

AHN MI-YOUNG

500

5.00

OTHERS

7,500

75.00

TOTAL

10,000

100.00

Company History

10//07/2002 Incorporated as the present name

05/17/2006 Moved to the present HQ address from 85, Yongmasan-ro, Gwangjin-gu, Seoul, Korea(Old Address System : 150-116, Junggok-dong, Gwangjin-gu, Seoul, Korea)

 

 

Detailed Information

 

Management

 

Job Description

Name

Nationality

Date of Birth

Inauguration Date

President & CEO

Chae Eun-Seok

Korean

09/14/1962

10/07/2005

Director

Kim Hae-Ho

Korean

07/02/1971

03/30/2007

Director

Ahn Mi-Young

Korean

09/01/1974

03/30/2007

Director

Kim Sun-Young

Korean

09/13/1977

03/30/2007

Auditor

Park Jong-Seok

Korean

02/25/1968

05/12/2004

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2017

16,556,627,000

8,528,878,000

555,885,000

2016

16,244,206,000

8,342,522,000

400,597,000

2015

15,786,732,000

8,256,744,000

462,846,000

 

Financial Description

 

Authorized Capital(KRW)

200,000,000

Paid-Up Capital(KRW)

50,000,000

Total Issued Shares

10,000

 

Balance Sheet

Unit : Korean Won

As of 12/31/2017

As of 12/31/2016

As of 12/31/2015

Total Assets

8,528,878,000

8,342,522,000

8,256,744,000

Current Assets

4,230,311,000

4,089,429,000

4,004,340,000

-Quick Assets

 

 

 

-Inventories

 

 

 

Fixed Assets

4,298,567,000

4,253,093,000

4,252,404,000

-Investment

 

 

 

-Tangibles

 

 

 

-Intangibles

 

 

 

Total Liabilities

2,852,787,000

3,222,316,000

3,537,134,000

Current Liabilities

1,432,807,000

1,406,366,000

1,466,734,000

Fixed Liabilities

1,419,980,000

1,815,950,000

2,070,400,000

Capital Stock

50,000,000

50,000,000

50,000,000

Capital Surplus

 

 

 

Profit Surplus

5,626,091,000

5,070,206,000

4,669,610,000

Capital Adjustment

 

 

 

Total Equity

5,676,091,000

5,120,206,000

4,719,610,000

Liab. & Shareholder’s Equity

8,528,878,000

8,342,522,000

8,256,744,000

 

Income Statement

Unit : Korean Won

As of 12/31/2017

As of 12/31/2016

As of 12/31/2015

Sales

16,556,627,000

16,244,206,000

15,786,732,000

Cost of Sold Goods

12,958,175,000

12,664,112,000

12,391,903,000

Gross Profit

3,598,452,000

3,580,094,000

3,394,829,000

Selling & Admin. Expenses

2,960,305,000

2,983,908,000

2,854,406,000

Operating Income

638,147,000

596,186,000

540,423,000

Non-Operating Income

215,989,000

160,332,000

206,457,000

Non-Operating Expenses

239,383,000

336,345,000

241,870,000

Income Before Taxes

614,753,000

420,173,000

505,010,000

Income Taxes Expenses

58,868,000

19,576,000

42,164,000

Net Income

555,885,000

400,597,000

462,846,000

 

Products, Technologies, Services Description

 

Main Products & Services

Blouse, Women's Blouse

Detailed Products Spec.

 

Technologies Acquired

 

 

Trade Partners & Competitors

 

Suppliers

 

Customers

CROSS PLUS INC.

FELISSIMO CORP.

SUMIKIN BUSSAN CORP.

TOYOSHIMA AND CO., LTD.

Competitors

SAE-A TRADING CO., LTD.(110111-0581565)

8TH FL., SAE-A VENTURE TOWER, 946-12, DAECHI 2-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-6252-7000  FAX:+82-2-6252-7002

 

NOBLAND INTERNATIONAL INC.

197-15, GARAK 2-DONG, SONGPA-GU, SEOUL, KOREA

TEL:+82-2-405-5700  FAX:+82-2-405-5836

 

KUKDONG CORPORATION

KUKDONG BLDG., 229-3, YONGDAP-DONG, SEONGDONG-GU, SEOUL, KOREA

TEL:+82-2-3407-7727  FAX:+82-2-2243-7785

 

 

Sales by Region (Activity & Markets)

 

The Subject imports from Philippines and exports to Japan.

 

Court Action

 

Not Available.

 

News Clipping

 

--

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

INR 68.52

UK Pound

1

INR 90.60

Euro

1

INR 79.87

KRW

1

INR 0.061

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIS

 

 

Report Prepared by :

KET

                                                


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.