MIRA INFORM REPORT

 

 

Report Date :

07.03.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

DO IT FOOD MATERIALS CO.

 

 

Registered Office :

135-6, Tojin-ri, Cheongbuk-myeon, Pyeongtaek-si, Gyeonggi-do, Korea, Zip Code 451-831

 

 

Country :

South Korea

 

 

Date of Incorporation :

15.01.2001

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesales of Food Materials

 

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 Concern

 

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

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

DO IT FOOD MATERIALS CO.

(Korean Company Name : “두잇식품소재”)

Registered Address

135-6, Tojin-ri, Cheongbuk-myeon, Pyeongtaek-si, Gyeonggi-do, Korea

Zip Code

451-831

Tel

+82-31-683-3916~7

Fax

+82-31-683-3918

E-mail

ljm3741@hanmail.net

Trading Address

135-6, Tojin-ri, Cheongbuk-myeon, Pyeongtaek-si, Gyeonggi-do, Korea

Tel

+82-31-683-3916~7

Fax

+82-31-683-3918

Other Address

199-32, Anyang 7-dong, Manan-gu, Anyang-si, Gyeonggi-do, Korea

Tel

+82-31-469-4637

Fax

+82-31-469-4784

Type

Export/Import

Industry

Wholesales of Food Materials

  Main Business

Food Seasoning, Food Additives

Established (mm/dd/yyyy)

01/15/2001

M/S. Lee Joong-Ok owns the premises of registered HQ address.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Flavours or extracts(12164502)

Sell

Food or drug additives(12164500)

 

 

CEO’s

 

Name

Lee Joong-Ok

Address

Suite 835-1202, 1152-7, Sanbon-dong, Gunpo-si, Gyeonggi-do, Korea

Date of Birth

07/19/1956

Title

Owner

Sex

Female

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

Not Applicable to the Sole Proprietorship

Employees

13

Formation

Sole Proprietorship

Bank Details

Industrial Bank of Korea-Wonmi Dong Branch

Corporate Registered No.

Not Applicable to the Sole Proprietorship

Business Registered No.

108-09-***** (The full numbers are kept by the National Tax Service confidentially.)

Permit & Licenses

N/A

Shareholder Position

The owner has 100% shares.

Company History

01/15/2001Establsihed as the present name

 

The premises of 135-6, Tojin-ri, Cheongbuk-myeon, Pyeongtaek-si, Gyeonggi-do, Korea have been owned by M/S. Lee Joong-Ok since 0808/2006. And it has been pledged as a collateral under Wonmi Dong Branch of Industrial Bank of Korea amounting JY40,000,000 as of 10/02/2006, and JY60,000,000 as of 10/02/2006.

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Owner

Mr.

Lee Joong-Ok

Male

Korean

01/15/2001

 

 

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)

Not Applicable to the Sole Proprietorship

Paid-Up Capital(KRW)

Not Applicable to the Sole Proprietorship

Total Issues Shares

Not Applicable to the Sole Proprietorship

 

 

Products, Technologies, Services Description

 

Main Products & Services

Food Seasoning, 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

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Cooperative Enterprise

A ONE CAF CO., LTD.(110111-2092908)

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.44.99

UK Pound

1

Rs.73.24

Euro

1

Rs.62.80

 

 

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

 

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.