MIRA INFORM
REPORT
|
Report Date : |
15.01.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
OUR HOME LTD. |
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Registered Office : |
825-2, Yeoksam 1-dong, Gangnam-gu, |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
25.01.2000 |
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Com. Reg. No.: |
107-81-76324 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Providing Non-Commercial Food Service, Catering |
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 |
|
Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic
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Company
Name |
OUR HOME LTD. (Korean Company Name : “(주)아워홈”) |
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Registered Address |
825-2, Yeoksam 1-dong, Gangnam-gu, |
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Building |
4th Fl., |
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Zip Code |
135-934 |
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Tel |
+82-2-2175-4114 |
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Fax |
+82-2-2175-4111~3 |
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E-mail |
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Website |
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Trading Address |
4th Fl., |
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Tel |
+82-80-234-7575 |
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Fax |
+82-2-2175-4111~3 |
|
Other Address-Ansan Branch |
1BL-62 Lot, 723-1, Wonsi-dong, Danwon-gu,
Ansan-si, |
|
Other Address-Yongin Branch |
110-1, Buk-ri, Namsa-myeon, Cheoin-gu, Yongin-si,
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|
Other |
559, Agok-ri, Namsa-myun, Yongin-si, |
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Tel |
+82-31-323-0710 |
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Other |
127, Whechun-ri, Nami-myun, Chungwon-gun, |
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Tel |
+82-43-260-206~4 |
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Other |
856-1, Eogok-dong, Yangsan-si, |
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Tel |
+82-55-380-9920~3 |
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Other |
300, Yeonamni, Jangcheonmyun,Gumisi, |
|
Tel |
+82-54-479-1551 |
|
Other |
688-4, Bia-dong, Kwangsan-gu, |
|
Tel |
+82-62-956-1701~4 |
|
Other Address-Yongin Food Processing
Center |
599, Agok-ri, Namsa-myun, Yongin-si, |
|
Tel |
+82-31-323-0710 |
|
Other Address-Jungbu Food Processing
Center |
127 Whechul-ri, Nami-myun, Chungwon-gun, |
|
Tel |
+82-43-260-2061~4) |
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Other |
5444-1, Sangdaewon-dong, Jungwon-gu,
Sungnam-si, |
|
Tel |
+82-31-733-4700 |
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Other |
559, Agok-ri, Namsa-myun, Yongin-si, |
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Tel |
+82-31-323-0680 |
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Other |
559, Agok-ri, Namsa-myun, Yongin-si, |
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Tel |
+82-31-323-0680 |
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Other Address- |
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|
Tel |
+82-2-3783-0006 |
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Other |
GS Tower, Yoksam-dong, Gangnam-gu, |
|
Tel |
+82-2-2005~1008~9 |
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Other |
LG Twin Tower, Yoido-dong, Youngdeungpo-gu, |
|
Tel |
+82-2-3773-1210 |
|
Other |
GS Kangseo Tower, Mullae-dong 6-ga,
Youngdeungpo-gu, |
|
Tel |
+82-2-2006-1212 |
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Other Address-Convention Hall (Amoris Hall) |
GS Tower, Yoksam-dong, Gangnam-gu, |
|
Tel |
+82-2-2005~1018~19 |
|
Other Address-Japanese Pork Cutlet Business (Saboten Business Team) |
613-12 Okdam Bldg., Shinsa-dong,
Gangnam-gu, |
|
Tel |
+82-2-510-0881 |
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Type |
Export/Import |
|
Industry |
Cafeterias |
|
Main Business |
Providing Non-Commercial Food Service, Catering |
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Sub
Business |
Personnel Supply Services |
|
Established (mm/dd/yyyy) |
01/25/2000 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Catering services(90101603) |
|
Sell |
Restaurants(90101501) |
|
Sell |
Food and beverage industries(73130000) |
|
Sell |
Franchise operations(80141704) |
|
Sell |
In service training and manpower
development(86101800) |
CEO’s
|
Name |
Koo Ja-Hak |
|
Address |
746-13, Hannam-dong, Yongsan-gu, |
|
Date of Birth |
07/15/1930 |
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Title |
Chairman & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital (KRW) |
11,000,000,000 |
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Employees |
9,225 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Kookmin Bank Korea Exchange Bank Shinhan Bank Citi |
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Corporate Registered No. |
110111-1862592 |
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Business Registered No. |
107-81-76324 |
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Permit & Licenses |
2007 ISO9001 2007 ISO14001 Int’l Trade No.: 11757924 |
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Shareholder Position |
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Company History |
01/25/2000 Incorporated as the present name 03/01/2000 Acquired Food Service Business
from LG DISTRIBUTION CO., LTD.(Ex. GS RETAIL CO., LTD : 110111-0090037) 02/26/2000 Increased capital to
11,000,000,000 KRW from 3,000,000,000 KRW 03/22/2002 Spin off the par value to 1,000
KRW from 5,000 KRW 11/03/2005 Moved to the present HQ address
from 737, Yeoksam-dong, Gangnam-gu, 04/13/2008 Spin off the par value to 500 KRW from 1,000 KRW 04/13/2008 Increased the authorized shares to 60,000,000 shares from
20,000,000 shares 10/01/2009 The Subject has been spin off into the Subject Company ,
and BENESTAR CO., LTD.(110111-4191055) at 609-3, Sinsa-dong, Gangnam-gu, |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Chairman & CEO |
Mr. |
Koo Ja-Hak |
Male |
Korean |
08/31/2010 |
|
President & CEO |
Mr. |
Lee Seung-Woo |
Male |
Korean |
02/24/2010 |
|
Director |
M/S. |
Lee Sook-Hee |
Female |
Korean |
03/09/2000 |
|
Director |
Mr. |
Cho Jung-Ho |
Male |
Korean |
02/18/2004 |
|
Director |
M/S. |
Koo Ji-Eun |
Female |
Korean |
02/18/2004 |
|
Director |
Mr. |
Lee Jong-Sang |
Male |
Korean |
02/24/2010 |
|
Auditor |
Mr. |
Sohn Ki-Rak |
Male |
Korean |
03/25/2002 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
1,011,071,394,491 |
445,055,390,807 |
42,699,079,062 |
|
|
2008 |
881,075,103,623 |
381,798,407,568 |
37,204,253,644 |
|
2007 |
750,293,846,012 |
274,767,620,325 |
33,437,781,892 |
|
2006 |
638,852,688,081 |
263,217,930,780 |
22,482,539,947 |
|
2005 |
575,131,656,712 |
183,588,810,899 |
23,589,968,072 |
|
2004 |
532,393,274,499 |
153,907,181,419 |
19,105,220,508 |
|
2003 |
441,589,473,454 |
114,555,645,004 |
17,510,428,281 |
Financial Description
|
Authorized Capital(KRW) |
30,000,000,000 |
|
Paid-Up Capital(KRW) |
11,000,000,000 |
|
Total Issues Shares |
22,000,000 |
Balance Sheet
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Total Assets |
445,055,390,807 |
381,798,407,568 |
274,767,620,325 |
|
Current Assets |
162,066,096,498 |
141,754,106,227 |
108,625,060,259 |
|
-Quick Assets |
84,561,218,445 |
77,114,863,633 |
65,431,091,103 |
|
-Inventories |
77,504,878,053 |
64,639,242,594 |
43,193,969,156 |
|
Fixed Assets |
282,989,294,309 |
240,044,301,341 |
166,142,560,066 |
|
-Investment |
8,303,559,901 |
8,043,266,960 |
6,011,360,362 |
|
-Tangibles |
236,275,003,277 |
195,370,952,358 |
127,162,794,262 |
|
-Intangibles |
4,365,667,853 |
5,271,146,982 |
5,800,069,641 |
|
-Others |
34,045,063,278 |
31,358,935,041 |
27,168,335,801 |
|
Total Liabilities |
213,332,312,664 |
189,162,535,974 |
128,667,038,905 |
|
Current Liabilities |
177,419,758,964 |
164,618,764,192 |
109,182,976,496 |
|
Fixed Liabilities |
35,912,553,700 |
24,543,771,782 |
19,484,062,409 |
|
Capital Stock |
11,000,000,000 |
11,000,000,000 |
11,000,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
206,823,236,991 |
167,424,157,929 |
135,296,408,372 |
|
Capital Adjustment |
13,899,841,152 |
14,211,713,665 |
-195,826,952 |
|
Total Equity |
231,723,078,143 |
192,635,871,594 |
146,100,581,420 |
|
Liab. & Shareholder’s Equity |
445,055,390,807 |
381,798,407,568 |
274,767,620,325 |
|
Current Liabilities |
177,419,758,964 |
164,618,764,192 |
109,182,976,496 |
|
Trade Payables |
34,659,159,634 |
31,809,074,065 |
26,742,107,286 |
|
Short-Term Borrowings |
94,600,000,000 |
71,606,417,716 |
43,400,000,000 |
|
Accrued Income Tax |
7,730,947,544 |
6,742,046,016 |
10,514,331,293 |
|
Accrued Expenses |
1,275,016,913 |
1,045,020,661 |
1,104,581,616 |
|
Account Payables |
33,505,855,806 |
48,430,782,262 |
23,653,701,035 |
|
Advance Receipts |
3,504,209,564 |
2,926,866,618 |
2,126,683,251 |
|
Withholdings |
2,084,295,530 |
2,058,556,854 |
1,641,572,015 |
|
Unearned
Income |
60,273,973 |
- |
- |
|
Fixed
Liabilities |
35,912,553,700 |
24,543,771,782 |
19,484,062,409 |
|
Provision for Severance & Retirement |
59,521,172,571 |
52,969,712,644 |
43,996,873,813 |
|
Non-Current Portion of Deferred Income Tax
Credit |
2,421,632,982 |
2,620,914,786 |
- |
|
Guarantee Deposit Withhold |
15,989,913,909 |
4,573,834,103 |
4,333,432,673 |
Income Statement
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Sales |
1,011,071,394,491 |
881,075,103,623 |
750,293,846,012 |
|
Cost of Sold Goods |
905,287,945,786 |
783,006,879,803 |
665,071,424,107 |
|
Gross Profit |
105,783,448,705 |
98,068,223,820 |
85,222,421,905 |
|
Selling & Admin. Expenses |
50,677,888,926 |
46,365,049,599 |
37,456,724,218 |
|
Operating Income |
55,105,559,779 |
51,703,174,221 |
47,765,697,687 |
|
Non-Operating Income |
6,545,903,242 |
5,653,999,463 |
3,545,065,623 |
|
Non-Operating Expenses |
6,923,198,281 |
6,433,836,298 |
4,237,031,832 |
|
Ordinary Income |
54,728,264,740 |
50,923,337,386 |
47,073,731,478 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
54,728,264,740 |
50,923,337,386 |
47,073,731,478 |
|
Income Taxes Expenses |
12,029,185,678 |
13,719,083,742 |
13,635,949,586 |
|
Net Income |
42,699,079,062 |
37,204,253,644 |
33,437,781,892 |
Cash Flows
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Cash Flows from Operating |
73,940,086,247 |
35,098,704,508 |
59,103,408,350 |
|
-Net Income |
42,699,079,062 |
37,204,253,644 |
33,437,781,892 |
|
-Exp. without Cash Outflow |
52,180,377,355 |
43,456,582,856 |
38,492,487,160 |
|
-Revenue without Cash Inflows |
-806,737,532 |
-605,128,882 |
-427,134,333 |
|
-Changes in Asset/ & Liability |
-20,132,632,638 |
-44,957,003,110 |
-12,399,726,369 |
|
Cash Flows from Investing |
-82,987,392,264 |
-84,963,129,504 |
-30,461,305,980 |
|
-Cash Inflow from Investing |
96,811,944,943 |
142,875,638,802 |
57,086,520,191 |
|
-Cash Outflows for Investing |
-179,799,337,207 |
-227,838,768,306 |
-87,547,826,171 |
|
Cash Flows from Financing |
9,177,201,710 |
49,683,498,943 |
-30,443,135,690 |
|
-Cash Inflows from Financing |
2,744,308,646,528 |
2,696,445,311,154 |
2,684,776,258,026 |
|
-Cash Outflows from Financing |
-2,735,131,444,818 |
-2,646,761,812,211 |
-2,715,219,393,716 |
|
Increase/Decrease in Cash |
129,895,693 |
-180,926,053 |
-1,801,033,320 |
|
Cash at the Beginning of Year |
4,365,006,745 |
4,545,932,798 |
6,346,966,118 |
|
Cash at the End of Year |
4,494,902,438 |
4,365,006,745 |
4,545,932,798 |
Products, Technologies, Services Description
|
Main Products & Services |
Food Service Business Food Materials Business Catering & Conventions Business Food Manufacturing Business Restaurant & Franchise Business The Subject operates about 600 shops and
deserves 700,000 daily meals. |
Trade Partners & Competitors
|
Competitors |
JJ CATERING CO., LTD. SEJONG BLDG., 625-11, SINSA-DONG,
GANGNAM-GU, TEL:+82-2-518-0855 FAX:+82-2-3444-0887 SODEXO KOREA CO., LTD. RM. 401, URIM BLDG., 90-10, BANPO 4-DONG,
SEOCHO-GU, TEL:+82-2-594-2943 FAX:+82-2-594-2944 HYUP JIN L.F. CO., LTD. B-01, 947-12, DOGOK 1-DONG, GANGNAM-GU, TEL:+82-2-571-6423 FAX:+82-2-573-6036 |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
RED & GREEN FOOD CO., LTD.(154511-0030017) (35.0% held by the subject company) BENEX SYSTEM CO., LTD.(110111-2379744) (100.0% held by the subject company) BENESTAR CO., LTD.(110111-4191055) (4.0% held by the subject company) BODAM CO., LTD.(134511-0015252) MARRY & COMPANY CO., LTD.( |
|
Subsidiary |
(100.0% held by the subject company) RED & GREEN FOOD CO., LTD.(154511-0030017) (35.0% held by the subject company) |
|
Cooperative |
-Technical support from GHF INTERNATIONAL SINGAPORE PTE LTD(GHFIS) GREEN HOUSE( -Insured Company MERITZ FIRE & MARINE INSURANCE CO., LTD.(110111-0013328) |
Sales by Region
(Activity &
Markets)
The Subject imports from
Court Action
No.
News Clipping
----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.30 |
|
|
1 |
Rs.71.73 |
|
Euro |
1 |
Rs.60.40 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.