MIRA INFORM REPORT

 

 

Report Date :           

16.08.2011

 

IDENTIFICATION DETAILS

 

Name :

INBO CORPORATION

 

 

Registered Office :

730-11, Jegi-dong, Dongdaemun-gu, Seoul, Korea, Zip Code 130-060

 

 

Country :

South Korea

 

 

Date of Incorporation :

25.06.2007

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesales of Pharmaceutical Chemicals, Agricultural Products, Food and Machinery

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company 

 

 

Payment Behaviour :

Usually Correct

 

 

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.

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

South Korea

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Basic

 

Company Name

INBO CORPORATION

(Korean Company Name : “인보제약()”)

Registered Address

730-11, Jegi-dong, Dongdaemun-gu, Seoul, Korea

Zip Code

130-060

Tel

+82-2-969-9835

Fax

+82-2-969-9836

E-mail

jinhd@yahoo.co.kr

Trading Address

730-11, Jegi-dong, Dongdaemun-gu, Seoul, Korea

Tel

+82-2-969-9835

Fax

+82-2-969-9836

Type

Export/Import

Industry

Wholesales of Pharmaceutical Chemicals, Agricultural Products, Food and Machinery

  Main Business

Licorice, Cinnamon, Apricot Kernel, Ephedrae, Amomi Semen, Zizyphi Semen, Longan, Platycodon Roots, Saflower Seed, Olive Seed, Betel Nuts, Apricots, Nutmeg, Kernels

Established (mm/dd/yyyy)

06/25/2007

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Nuts or dried fruits(50192110)

Sell

Chemicals including Bio Chemicals and Gas Materials(12000000)

Sell

Food or drug additives(12164500)

 

 

CEO’s

 

Name

Jin Hyun-Duk

Address

46-6, Sanggeo-ri, Yeoju-eup, Yeoju-gun, Gyeonggi-do, Korea

Date of Birth

01/05/1956

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

N/A(We guess it is less than 5.)

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

110111-3704693

Business Registered No.

N/A. (The numbers are kept by the National Tax Service confidentially.)

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

06/25/2007 Incorporated as the present name

08/28/2007 Moved to the present HQ address from 940, Jegi-dong, Dongdaemun-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Jin Hyun-Duk

Male

Korean

06/25/2007

Auditor

Mr.

Lee Soon-Yeol

Male

Korean

03/22/2010

 

 

Financials

 

The financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

 

 

Financial Description

 

Authorized Capital(KRW)

200,000,000

Paid-Up Capital(KRW)

50,000,000

Total Issues Shares

10,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Licorice, Cinnamon, Apricot Kernel, Ephedrae, Amomi Semen, Zizyphi Semen, Longan, Platycodon Roots, Saflower Seed, Olive Seed, Betel Nuts, Apricots, Nutmeg, Kernels

 

 

Trade Partners & Competitors

 

Competitors

CHUNHO FOOD CO., LTD.

5TH FL., CHUNHO BLDG., 799-23, YEOKSAM 1-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-565-0565  FAX:+82-2-565-3513

 

YUGINONGSAN CO., LTD.

47-14, GARAKBON-DONG, SONGPA-GU, SEOUL, KOREA

TEL:+82-2-3426-6204  FAX:+82-2-402-0660

 

GOLDEN BELL INTERNATIONAL CO., LTD.

RM. 202, SEONGSAN BLDG., 33-3, OGEUM-DONG, SONGPA-GU, SEOUL, KOREA

TEL:+82-2-401-1295  FAX:+82-2-401-1296

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the countries in Asia and South America.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

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Bottom of Form

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.37

UK Pound

1

Rs.73.53

Euro

1

Rs.64.37

 

 

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

Capability to overcome financial difficulties seems comparatively below average.

 

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

----

NB

New Business

----

 

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

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