MIRA INFORM REPORT

 

 

Report Date :           

28.12.2011

 

IDENTIFICATION DETAILS

 

Name :

ECO F&T CORPORATION

 

 

Registered Office :

518, Suyeong-dong, Suyeong-gu, Busan, Korea, Rm. 807, Alpha Officetel, Zip Code 613-832

 

 

Country :

South Korea

 

 

Date of Incorporation :

07.01.2011

 

 

Com. Reg. No.:

617-81-88633

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesale of Other Prepared Food

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New company

 

 

Payment Behaviour :

Unknown

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

ECO F&T CORPORATION

(Korean Company Name : “(주)에코에프엔티”)

Registered Address

518, Suyeong-dong, Suyeong-gu, Busan, Korea

Building

Rm. 807, Alpha Officetel

Zip Code

613-832

Tel

+82-51-756-2003

Fax

+82-51-756-4003

E-mail

ceo@ecofnt.com

Website

www.ecofnt.com

Trading Address

Rm. 807, Alpha Officetel, 518, Suyeong-dong, Suyeong-gu, Busan, Korea

Tel

+82-51-756-2003

Fax

+82-51-756-4003

Type

Export/Import

Industry

Wholesale of Other Prepared Food

  Main Business

Food Additives, Food Materials, Chemicals

Established (mm/dd/yyyy)

01/07/2011

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Flavours or extracts(12164502)

Sell

Food or drug additives(12164500)

 

 

CEO’s

 

Name

Moon Sung-Won

Address

Suite 205-1706, 1242, Allak-dong, Dongnae-gu, Busan, Korea

Date of Birth

01/07/1976

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

10,000,000

Employees

N/A

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

180111-0743260

Business Registered No.

617-81-88633

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

01/07/2011 Incorporated as the present name

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Moon Sung-Won

Male

Korean

01/07/2011

Director

M/S.

Lee Young-Hye

Female

Korean

01/07/2011

 

 

Financial Description

 

Authorized Capital(KRW)

40,000,000

Paid-Up Capital(KRW)

10,000,000

Total Issued Shares

2,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Food Materials, Food Additives

 

 

Trade Partners & Competitors

 

Competitors

CSF CORPORATION

167-12, ALLAK 2-DONG, DONGNAE-GU, BUSAN, KOREA

TEL:+82-51-531-8181  FAX:+82-51-531-8286

 

ILSHIN CHEMICAL CO., LTD.

287-2, BUKJEONG-DONG, YANGSAN-SI, GYEONGSANGNAM-DO, KOREA

TEL:+82-55-385-5826~7  FAX:+82-55-383-4808

 

ORAE FOOD CO., LTD.

103, GONJIAM-RI, SILCHON-EUP, GWANGJU-SI, GYEONGGI-DO, KOREA

TEL:+82-31-761-2733  FAX:+82-31-761-2735

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.89

UK Pound

1

Rs.82.71

Euro

1

Rs.69.15

 

 

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%)

 

 

 

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