MIRA INFORM REPORT

 

 

Report Date :

07.07.2007

 

IDENTIFICATION DETAILS

 

Name :

KOGRA INTERNATIONAL CO. LTD.

 

 

Registered Office :

A-1423, Twin Tower Office, 275-3, Yangjae-dong, Seocho-gu, Seoul - 137-130

 

 

Country :

Korea

 

 

Date of Incorporation :

01/27/2005

 

 

Legal Form :

Company Limited by shares

 

 

Line of Business :

Feeds for Animal, Agricultural Products.

Brokerage of Agricultural Products.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 


Basic

 

Company Name

KOGRA INTERNATIONAL CO. LTD.

Registered Address

275-3, Yangjae-dong, Seocho-gu, Seoul, Korea

Building

A-1423, Twin Tower Office

Zip Code

137-130

Tel

+82-2-574-3336

Fax

+82-2-575-7918

Trading Address

A-1423, Twin Tower Office, 275-3, Yangjae-dong, Seocho-gu, Seoul, Korea

Tel

+82-2-574-3336

Fax

+82-2-575-7918

Type

Import/Export

Industry

Feeds for Animal, Agricultural Products

  Main Business

Brokerage of Agricultural Products

Established (mm/dd/yyyy)

01/27/2005

 

The Subject occupies the premises of registered address by leasing base.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Feeds for animal

Sell

Sesame

Sell

Red Bean

Sell

Other agricultural products

 

 

CEO’s

 

Name

Yeom Sang-Ha

Address

1146, Sanbon-dong, Gunpo-si, Gyeonggi-do 435-040 Korea

Date of Birth

06/20/1953

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

50,000,000 KRW

Employees

2

Formation

Co., Ltd by shares

Bank Details

N/A

Corporate Registered No.

110111-3159781

Business Registered No.

N/A

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

01/27/2005 Established

08/16/2006 Moved to the present address

 

The subject is a member company of Korea Feed Association.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Day

President & CEO

Mr.

Yeom Sang-Ha

Male

Korean

01/27/2005

Director

M/S

Lee Mi-Kyung

Female

Korean

01/27/2005

Auditor

Mr.

Lee Duck-Young

Male

Korean

01/27/2005

 

 

Financials                                                

 

The financial is not available.

 

 

Financial Description

 

       Unit: KRW

Authorized Capital

200,000,000

Paid-Up Capital

50,000,000

Total Issues Shares

10,000

 

 

Products, Technologies, Services

Description

 

 

Main Products & Services

Agricultural Products

 

 

Organization Structure

 

Suppliers

CHINA FOODS TRADING LTD.

Customers

Korea Agri-Fisheries Trade Corporation

Competitors

Chunjin Corporation

Buchang Chemicals Co.

 

 

Sales by Region (Activity & Markets)

 

The Subject imports the agricultural products from China and Ethiopia.

 

 

Court Action

 

Not Available.

 

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

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