MIRA INFORM REPORT
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Report Date : |
18.06.2011 |
IDENTIFICATION DETAILS
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Name : |
TAESUNG AFFORESTATION INDUSTRY CO., LTD. |
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Registered Office : |
39, Geumgok-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea, Zip Code 463-804 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
25.10.1995 |
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Com. Reg. No.: |
213-86-16460 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesale of Seeds and seedling |
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 : |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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South korea
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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 |
TAESUNG AFFORESTATION INDUSTRY CO., LTD. (Korean Company Name : “태성녹화산업(주)”) |
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Registered Address |
39, Geumgok-dong, Bundang-gu, Seongnam-si,
Gyeonggi-do, Korea |
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Zip Code |
463-804 |
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Tel |
+82-31-719-2838 |
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Fax |
+82-31-719-2837 |
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E-mail |
ts@taesung21.com;tsung2@chol.com |
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Website |
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Trading Address |
39, Geumgok-dong, Bundang-gu, Seongnam-si,
Gyeonggi-do, Korea |
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Tel |
+82-31-719-2838 |
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Fax |
+82-31-719-2837 |
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Type |
Import/Export |
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Industry |
Wholesale of Seeds and seedling |
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Main Business |
Seed, Turf-Seed, Grass, Constructional
Materials, Herbicide, Fertilizer, Agricultural Chemicals |
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Established (mm/dd/yyyy) |
10/25/1995 |
Mr. Yun Jung-Seo owns the
premises of registered HQ address.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Flower seeds and bulbs and seedlings and
cuttings(10151900) |
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Sell |
Shells and casings(31261600) |
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Sell |
Netting(11162110) |
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Sell |
Garden tools(27112000) |
CEO’s
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Name |
Yoon Jung-Seo |
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Address |
39-6, Geumgok-dong, Bundang-gu, Seongnam-si,
Gyeonggi-do, Korea |
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Date of Birth |
04/24/1962 |
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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) |
250,000,000 |
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Employees |
8 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Woori Bank- Gaepodong Branch 14-5, Gaepo-dong, Gangnam-gu, Seoul 135-240
Korea Tel: +82-2-3412-4681 Fax: +82-2-3412-4685 Industrial Bank of Korea-Daechi Station
Branch Shinhan Bank-Bundang Branch |
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Corporate Registered No. |
110111-1208390 |
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Business Registered No. |
213-86-16460 |
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Permit & Licenses |
Int’l Trade No.: 11225588 |
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Shareholder Position |
N/A |
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Company History |
10/25/1995 Incorporated as
the present name 12/02/2007 Disorganized according to the
Commercial Law(Article 520, 2-1) 02/15/2008 Continued the subject entity
and business again |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Yoon Jung-Seo |
Male |
Korean |
10/28/1998 |
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Director |
Mr. |
Yoon Jung-Kil |
Male |
Korean |
10/28/1998 |
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Director |
Mr. |
Yoon Jung Kown |
Male |
Korean |
10/28/1998 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
3,079,000,000 |
2,719,000,000 |
75,000,000 |
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2008 |
3,050,000,000 |
2,438,000,000 |
21,000,000 |
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2007 |
2,877,000,000 |
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2006 |
2,145,000,000 |
1,538,000,000 |
57,000,000 |
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2005 |
1,784,000,000 |
1,431,000,000 |
25,000,000 |
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2004 |
1,880,000,000 |
1,215,000,000 |
(-)304,000,000 |
The latest financials are not available, and the Subject Company does not
have any obligations to release its financials to the public.
Financial Description
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Authorized Capital(KRW) |
2,000,000,000 |
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Paid-Up Capital(KRW) |
250,000,000 |
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Total Issues Shares |
25,000 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Total Assets |
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2,719,000,000 |
2,438,000,000 |
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Current Assets |
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-Quick Assets |
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-Inventories |
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Fixed Assets |
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-Investment |
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-Tangibles |
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-Intangibles |
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Total Liabilities |
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1,784,000,000 |
1,578,000,000 |
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Current Liabilities |
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Fixed Liabilities |
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Capital Stock |
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Capital Surplus |
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Profit Surplus |
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Capital Adjustment |
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Total Equity |
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935,000,000 |
860,000,000 |
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Liab. &
Shareholder’s Equity |
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2,719,000,000 |
2,438,000,000 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Sales |
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3,079,000,000 |
3,050,000,000 |
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Cost of Sold Goods |
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Gross Profit |
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Selling & Admin. Expenses |
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Operating Income |
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Non-Operating Income |
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Non-Operating Expenses |
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Ordinary Income |
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Special Income |
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Income Before Taxes |
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Income Taxes Expenses |
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Net Income |
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75,000,000 |
120,000,000 |
Products, Technologies, Services Description
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Main Products & Services |
Wholesale of Seeds and seedling |
Trade Partners & Competitors
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Customers |
Seoul Worldcup Gymnasium and other Soccer
Gyms In Korea, Domestic Golf Courses etc. |
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Competitors |
SYNGENTA SEEDS CO., LTD. 18TH FL., SC FIRST BANK MAIN OFFICE, 100, GONGPYEONG-DONG,
JONGNO-GU, SEOUL, KOREA TEL:+82-2-398-5650 FAX:+82-2-3210-0597 HYUNDAI SEED CORPORATION 418-1, SAMSEONG-RI, GANAM-MYEON, YEOJU-GUN,
GYEONGGI-DO, KOREA TEL:+82-31-882-1731 FAX:+82-31-882-1556 HAESUNG SEED PLUS CO., LTD. 2106-1, DAEJEO 2-DONG, GANGSEO-GU, BUSAN,
KOREA TEL:+82-51-973-9697 FAX:+82-51-941-9866 |
Sales by Region
(Activity & Markets)
The Subject imports
from USA.
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.44.93 |
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UK Pound |
1 |
Rs.72.43 |
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Euro |
1 |
Rs.63.62 |
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.