MIRA
INFORM REPORT
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Report Date : |
01.07.2011 |
IDENTIFICATION DETAILS
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Name : |
DAILY FOOD KOREA CO., LTD. |
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Registered Office : |
1st Fl., Seoheung Bldg. 465, Sangdo
1-dong, Dongjak-gu, Seoul, Korea 156-830 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
25.11.1998 |
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Com. Reg. No.: |
108-81-17139 |
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Legal Form : |
Company Ltd by Shares |
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Line of Business : |
Wholesale of Dairy Products |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
South Korea |
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 |
DAILY FOOD KOREA CO., LTD. (Trade Name : D.F.K) (Korean Company Name : “데어리푸드코리아(주)”) |
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Registered Address |
465, Sangdo 1-dong, Dongjak-gu, Seoul,
Korea |
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Building |
1st Fl., Seoheung Bldg. |
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Zip Code |
156-830 |
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Tel |
+82-2-824-6192 |
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Fax |
+82-2-824-6194 |
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E-mail |
dairyf@kornet.net |
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Website |
www.dfkorea.net |
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Trading Address |
1st Fl., Seoheung Bldg., 465, Sangdo
1-dong, Dongjak-gu, Seoul, Korea |
|
Tel |
+82-2-824-6192 |
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Fax |
+82-2-824-6194 |
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Type |
Import |
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Industry |
Wholesale of Dairy Products |
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Main Business |
Cheese, Butter, Margarine, Dressing, Bacon, Ham |
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Established (mm/dd/yyyy) |
11/25/1998 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
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Sell |
Cheese(50131800) |
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Sell |
Edible vegetable or plant fats(50151514) |
CEO’s
|
Name |
Oh Ohck-Haw |
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Address |
Suite 102-601, 453, Sinsu-dong,
Mapo-gu, Seoul, Korea |
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Date of Birth |
12/17/1954 |
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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 (KRW) |
100,000,000 |
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Employees |
11 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Shinhan Bank-Namdemun Branch |
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Corporate Registered No. |
110111-1612244 |
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Business Registered No. |
108-81-17139 |
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Permit & Licenses |
Int’l Trade No.: 11595586 |
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Shareholder Position |
N/A |
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Company History |
11/25/1998 Incorporated as the present name |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
M/S. |
Oh Ohck-Haw |
Female |
Korean |
11/25/1998 |
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Director |
Mr. |
Jung Hwan-Sam |
Male |
Korean |
11/25/1998 |
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Director |
Mr. |
Song Han-Wook |
Male |
Korean |
11/25/1998 |
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Auditor |
Mr. |
Park Chul-Seung |
Male |
Korean |
11/25/1998 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
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2008 |
6,300,000,000 |
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2007 |
5,116,000,000 |
2,002,000,000 |
124,600,000 |
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2006 |
3,663,000,000 |
1,566,000,000 |
105,000,000 |
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2005 |
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2004 |
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2003 |
1,792,000,000 |
877,000,000 |
47,000,000 |
The latest
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) |
400,000,000 |
|
Paid-Up Capital(KRW) |
100,000,000 |
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Total Issues Shares |
10,000 |
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
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Total Assets |
|
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2,002 |
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Current Assets |
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|
1,927 |
|
-Quick Assets |
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|
279 |
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-Inventories |
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1,648 |
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Fixed Assets |
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76 |
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-Investment |
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37 |
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-Tangibles |
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3 |
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-Intangibles |
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Total Liabilities |
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1,357 |
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Current Liabilities |
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|
1,057 |
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Fixed Liabilities |
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|
300 |
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Capital Stock |
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|
100 |
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Capital Surplus |
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Profit Surplus |
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|
545 |
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Capital Adjustment |
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Total Equity |
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645 |
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Liab. & Shareholder’s Equity |
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|
2,002 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
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Sales |
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5,116 |
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Cost of Sold Goods |
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|
4,006 |
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Gross Profit |
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1,109 |
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Selling & Admin. Expenses |
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|
965 |
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Operating Income |
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|
144 |
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Non-Operating Income |
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16 |
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Non-Operating Expenses |
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|
10 |
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Income Before Taxes |
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|
151 |
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Income Taxes Expenses |
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|
26 |
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Net Income |
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|
125 |
Products, Technologies, Services Description
|
Main Products & Services |
Cheese, Butter, Margarine, Dressing, Bacon, Ham |
Trade Partners & Competitors
|
Competitors |
SEOUL DAIRY COOPERATIVE 137-7, SANGBONG 2-DONG, JUNGNANG-GU, SEOUL,
KOREA TEL:+82-2-490-8151 FAX:+82-2-490-8019 DONGWON DAIRY FOOD CO., LTD. 380-2, IMOK-DONG, JANGAN-GU, SUWON-SI,
GYEONGGI-DO, KOREA TEL:+82-31-244-1191 FAX:+82-31-247-1192 SUN RICH CO., LTD. 500-1, SINDAE-RI, BAEKSA-MYEON, ICHEON-SI,
GYEONGGI-DO, KOREA TEL:+82-31-339-4499 FAX:+82-31-339-8114 |
Sales by Region
(Activity &
Markets)
Not Available.
Court Action
Not Available.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.72 |
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|
1 |
Rs.71.95 |
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Euro |
1 |
Rs.64.79 |
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 |
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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-- |
NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.