MIRA
INFORM REPORT
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Report Date : |
24.11.2008 |
IDENTIFICATION DETAILS
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Name : |
ARA COMPANY LTD. |
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Registered Office : |
2nd Fl., Donga Silk Bldg., 607-13, Sinsa-dong, Gangnam-gu, |
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Country : |
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Date of Incorporation : |
21.02.1989 |
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Com. Reg. No.: |
114-81-55569 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesaler of Meat |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company
Name |
ARA COMPANY LTD. |
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Registered Address |
607-13, Sinsa-dong, Gangnam-gu, |
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Building |
2nd Fl., Donga Silk Bldg. |
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Zip Code |
135-894 |
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Tel |
+82-2-2299-8581 |
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Fax |
+82-2-2299-5020~1 |
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E-mail |
ara@araco.co.kr;jinny.lee@araco.co.kr;yh.yoon@araco.co.kr |
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Website |
www.araco.co.kr |
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Trading Address |
2nd Fl., Donga Silk Bldg., 607-13,
Sinsa-dong, Gangnam-gu, |
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Tel |
+82-2-2299-8581 |
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Fax |
+82-2-2299-5020~1 |
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Type |
Export/Import |
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Industry |
Wholesale of Meat |
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Main Business |
Beef, Pork, Cheese, Butter |
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Sub
Business |
Wholesale of Dairy Products, Watches, Animal Feed |
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Established (mm/dd/yyyy) |
02/21/1989 |
The Subject
occupies the premises of registered HQ address by leasing base.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Wrist watches(54111501) |
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Sell |
Frozen meat or poultry(50111511) |
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Sell |
Meat and poultry(50111500) |
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Sell |
Processed cheese(50131802) |
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Sell |
Frozen processed or prepared meats(50112002) |
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Sell |
Frozen meat or poultry(50111511) |
CEO’s
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Name |
Lee Ho-Sang |
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Address |
7-3, Samseong-dong, Gangnam-gu, |
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Date of Birth |
08/21/1953 |
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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 |
150,000,000 KRW |
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Employees |
8 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Shinhan Bank Hana Bank-Wangsimni Branch 125, Hongik-dong, Seongdong-gu, Tel: +82-2-2294-1111 Fax: +82-2-2297-7181 |
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Corporate Registered No. |
110111-0611198 |
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Business Registered No. |
114-81-55569 |
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Permit & Licenses |
Int’l Trade No.: 11198677 |
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Shareholder Position |
N/A |
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Company History |
02/21/1989
Incorporated as the present name 06/13/2006
Increased capital to 150,000,000 KRW from 80,000,000 KRW 08/25/2007
Moved to the present HQ address from 517, Majang-dong, Seongdong-gu, |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Lee Ho-Sang |
Male |
Korean |
07/05/1993 |
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Director |
M/S. |
Yoon Soon-Jeong |
Female |
Korean |
12/10/1996 |
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Director |
Mr. |
Lee Seung-Min |
Male |
Korean |
12/10/2005 |
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Auditor |
Mr. |
Lee Chun-Baik |
Male |
Korean |
03/28/2007 |
Financials
Unit: KRW
The 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 |
320,000,000 |
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Paid-Up Capital |
150,000,000 |
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Total Issues Shares |
15,000 |
Products, Technologies, Services
Description
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Main Products & Services |
Meat(Pork & Beef) Dairy Products Mozzarella & Cheddar Cheese |
Trade
Partners
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Suppliers |
BEEF SUPPLIERS -KILCOY -STANBROKE -STOCKYARD -AMH -T&R -O'CONNOR, -AFFCO -HARRIS RANCH - -ST. HELEN’S MEAT PACKERS -LEVINOFF MEAT PRODUCTS LTD. PORK SUPPLIERS -COOPERL -CHARAL THE -DUMECO -CTH -TEEUWISSEN -BONIMEX -PAPAI -K.R CASTLEMAINE DAIRY
PRODUCTS -SAPUTO CHEESE G.P. -SAPUTO ARGENTINA -HOOGWEGT U.S. |
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Competitors |
TAE JIN MEAT AUCTION INC. 521-5, MAJANG-DONG, SEONGDONG-GU, TEL:+82-2-2299-3929 FAX:+82-2-2299-3922 MEAT BANK KOREA LTD. RM.1206, NOKWONTOPIA, 302-5, HAAN 1-DONG,
GWANGMYEONG-SI, TEL:+82-2-3283-9876~8 FAX:+82-2-3283-9879 CHUNG HO MEAT CO., LTD. 282-1, UNYANG-DONG, GIMPO-SI, TEL:+82-31-982-4537 FAX:+82-31-982-0040 |
Sales by
Region (Activity &
Markets)
The Subject imports
from
Court
Action
Not Available.
News
Clipping
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.09 |
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1 |
Rs.74.90 |
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Euro |
1 |
Rs.63.40 |
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%)