MIRA
INFORM REPORT
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Report Date : |
12.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
KOREA AGRICULTURE & FISHERY
CORPORATION |
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Registered Office : |
363-32, Cheonho 4-dong, Gangdong-gu, Seoul |
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Country : |
Korea |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
09.07.1993 |
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Com. Reg. No.: |
212-81-25506 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesale of Other Agricultural Raw Materials and Live Animals |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company
Name |
KOREA AGRICULTURE & FISHERY
CORPORATION (Korean Company Name : KAFCO CO., LTD., “카프코”) |
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Registered Address |
363-32, Cheonho 4-dong, Gangdong-gu,
Seoul, Korea |
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Building |
3FL., Haedong B/D. |
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Zip Code |
134-870 |
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Tel |
+82-2-486-6907 |
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Fax |
+82-2-479-2323 |
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E-mail |
kafco@kafco.co.kr;eunki829@hotmail.com;goto220@naver.com |
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Website |
www.kafco.co.kr |
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Trading Address |
3FL., Haedong B/D., 363-32, Cheonho
4-dong, Gangdong-gu, Seoul, Korea |
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Tel |
+82-2-486-6907 |
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Fax |
+82-2-479-2323 |
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Type |
Import |
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Industry |
Wholesale of Other Agricultural Raw Materials and Live Animals |
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Main Business |
Sesame, wild sesame |
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Established (mm/dd/yyyy) |
09/07/1993 |
Mr. Park Wan-Sur owns
the premises of registered HQ address.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Spices or extracts(50171550) |
CEO’s
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Name |
Park Wan-Sur |
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Address |
714-28, Sangbeoncheon-ri, Jungbu-myeon,
Gwangju-si, Gyeonggi-do, Korea |
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Date of Birth |
02/21/1944 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
100,000,000 KRW |
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Employees |
10 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Kookmin Bank-Cheonho Branch Shinhan Bank |
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Corporate Registered No. |
110111-0970164 |
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Business Registered No. |
212-81-25506 |
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Permit & Licenses |
Int’l Trade No. : 11093602 |
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Shareholder Position |
HAEDONG CORPORATION (212-98-59566) is
a major shareholder, but the details are not available. |
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Company History |
09/07/1993
Incorporated as the present name 09/22/2004
Increased the capital to 100,000,000 KRW from 50,000,000 KRW |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Park Wan-Sur |
Male |
Korean |
09/07/1993 |
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Director |
M/S. |
Cheon Chun-Ja |
Female |
Korean |
09/21/2004 |
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Director |
Mr. |
Park Kyung-Soon |
Male |
Korean |
09/21/2004 |
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Auditor |
Mr. |
Jeon Il-Ku |
Male |
Korean |
09/21/2004 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
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2005 |
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2004 |
14,930,000,000 |
6,344,000,000 |
108,000,000 |
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2003 |
14,739,000,000 |
6,390,000,000 |
108,000,000 |
The latest & full financial is not available,
and the subject does not have any obligation to releases its financials to the
public.
Financial Description
Unit: KRW
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Authorized
Capital |
200,000,000 |
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Paid-Up
Capital |
100,000,000 |
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Total Issues Shares |
10,000 |
Balance
Sheet
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Unit : Million Korean Won |
As of 12/31/2004 |
As of 12/31/2003 |
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Total Assets |
6,344 |
6,390 |
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Current Assets |
6,265 |
6,168 |
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-Quick Assets |
1,085 |
1,078 |
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-Inventories |
5,180 |
5,090 |
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Fixed Assets |
79 |
222 |
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-Investment |
13 |
150 |
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-Tangibles |
66 |
72 |
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-Intangibles |
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Total Liabilities |
5,783 |
5,961 |
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Current Liabilities |
5,758 |
5,943 |
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Fixed Liabilities |
25 |
17 |
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Capital Stock |
100 |
50 |
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Capital Surplus |
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Profit Surplus |
461 |
379 |
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Capital Adjustment |
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Total Equity |
561 |
429 |
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Liab. & Shareholder’s Equity |
6,344 |
6,390 |
Income
Statement
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Unit : Million Korean Won |
As of 12/31/2004 |
As of 12/31/2003 |
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Sales |
14,930 |
14,739 |
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Cost of Sold Goods |
14,382 |
14,251 |
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Gross Profit |
548 |
488 |
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Selling & Admin. Expenses |
384 |
309 |
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Operating Income |
165 |
179 |
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Non-Operating Income |
22 |
14 |
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Non-Operating expenses |
48 |
96 |
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Ordinary Income |
139 |
98 |
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Special Income |
- |
26 |
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Income Before Taxes |
139 |
124 |
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Income Taxes Expenses |
31 |
16 |
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Net Income |
108 |
108 |
Products, Technologies, Services
Description
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Main
Products & Services |
Sesame Perilla Pepper Mustard Garlic Sprout Bean Mung Bean Red Pepper |
Trade
Partners
Competitors DEOKSUNG NONGSAN CO., LTD.
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
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Affiliates |
HAEDONG CORPORATION(212-98-59566) |
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Overseas Office |
TIANJIN, CHINA |
Sales by
Region (Activity &
Markets)
The Subject imports from China and India.
Court
Action
Not Available.
News
Clipping
--
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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. |
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 |
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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%)