MIRA
INFORM REPORT
|
Report Date : |
26.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
KOREA AGRICULTURAL PRODUCTS CO., LTD. |
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Registered Office : |
251, Wonpyeong-Ri, Sinni-Myeon, Chungju-Si, Chungcheongbuk-Do -
380-891 |
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Country : |
Korea |
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Date of Incorporation : |
04/23/1999 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Manufacture of Prepared Animal Feeds |
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 |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Basic
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Company
Name |
KOREA
AGRICULTURAL PRODUCTS CO., LTD. |
|
Registered Address |
251,
Wonpyeong-ri, Sinni-myeon, Chungju-si, CHUNGCHEONGBUK-DO, KOREA |
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Zip Code |
380-891 |
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Tel |
+82-43-852-4267 |
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Fax |
+82-43-852-4269 |
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E-mail |
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Trading Address |
251,
Wonpyeong-ri, Sinni-myeon, Chungju-si, CHUNGCHEONGBUK-DO, KOREA |
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Tel |
+82-43-852-4267 |
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Fax |
+82-43-852-4269 |
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Industry |
Manufacture of Prepared Animal Feeds |
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Main Business |
Feed, Fertilizers, Agricultural products |
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Established (mm/dd/yyyy) |
04/23/1999 |
The Subject owns the premises of the
registered address.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Organic fertilizers and plant nutrients(10171500) |
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Sell |
Livestock feed(10121500) |
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Sell |
Agricultural products |
CEO’s
|
Name |
Cho Sang-Rak |
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Address |
530, Yatap-dong, Bundang-gu, Seongnam-si,
Gyeonggi-do, Korea |
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Date of Birth |
09/16/1954 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital |
900,000,000 KRW |
|
Employees |
18 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Industrial Bank of Korea |
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Corporate Registered No. |
151111-0012131 |
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Business Registered No. |
303-81-22542 |
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Permit & Licenses |
N/A |
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Shareholder Position |
Cho Sang-Rak :90.0% Park Mi-Ran ;10.0% |
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Company History |
04/23/1999 Established 12/31/2002 Increased capital to
700,000,000 KRW from 400,000,000 KRW 12/29/2004 Increased capital to
900,000,000 KRW from 700,000,000 KRW |
The Subject manufactures animal feed with
corns and beans, and also manufactures fertilizer with compost and other
natural materials.
The Subject has been supplied their products
to Nonghyup, but in 2005, it is known that the subject has been rejected to
supply by Nonghyup, because Nonghyup has increased QC Standard Level on their
suppliers and the subject did not meet the level.
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
President & CEO |
Mr. |
Cho Sang-Rak |
Male |
Korean |
08/28/2006 |
|
Director |
Mr. |
Cho Joong-Rak |
Male |
Korean |
08/28/2006 |
|
Director |
Mr. |
Cho Chang-Rak |
Male |
Korean |
08/28/2006 |
|
Auditor |
Mr. |
Kim Chang-Soo |
Male |
Korean |
08/28/2006 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
2,000,000,000 |
|
|
|
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2004 |
3,156,000,000 |
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2003 |
-- |
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2002 |
3,004,000,000 |
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The latest financial is not available.
Products,
Technologies, Services
Description
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Main
Products & Services |
Manufacturing of Animal Feed and Fertilizer |
Trade Partners
|
Customers |
Nonghyup |
Sales by Region (Activity
& Markets)
Not Available.
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 |
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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 |
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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 |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
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<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 |
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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%)