MIRA
INFORM REPORT
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Report Date : |
01.11.2011 |
IDENTIFICATION DETAILS
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Name : |
HYUNJIN GREEN MEAL CO., LTD. |
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Registered Office : |
Rm. 201 139-2, Ogeum-dong, Songpa-gu, Seoul, Korea 138-859 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
21.12.1998 |
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Com. Reg. No.: |
301-81-34891 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Wholesale of Other Prepared Food |
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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 Information
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Company Name |
HYUNJIN GREEN MEAL CO., LTD. (Korean Company Name : “현진그린밀(주)”) |
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Registered Address |
139-2, Ogeum-dong, Songpa-gu, Seoul, Korea |
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Building |
Rm. 201 |
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Zip Code |
138-859 |
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Tel |
+82-2-400-7165 |
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Fax |
+82-2-443-0875 |
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E-mail |
nickjung@dowellfi.net |
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Website |
www.food-green.co.kr |
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Trading Address |
Rm. 201, 139-2, Ogeum-dong, Songpa-gu,
Seoul, Korea |
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Tel |
+82-2-3436-3234 |
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Fax |
+82-2-443-0875 |
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Other Address-Jincheon Logistics Center |
467-4, Insan-ri, Deoksan-myeon,
Jincheon-gun, Chungbuk, Korea |
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Tel |
+82-43-537-3371 |
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Fax |
+82-43-537-3234 |
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Type |
Import |
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Industry |
Wholesale of Other Prepared Food |
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Main Business |
Sauce, Wheat Flour |
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Sub
Business |
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Established (mm/dd/yyyy) |
12/21/1998 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Shelf stable aquatic plants(50121804) |
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Sell |
Milk and butter products(50131700) |
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Sell |
Natural sugars or sweetening products(50161509) |
CEO’s
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Name |
Jeong See-Young |
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Address |
Suite 108-806, 716, Irwon-dong,
Gangnam-gu, Seoul, Korea |
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Date of Birth |
05/27/1964 |
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Title |
Representative Director |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
480,000,000 |
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Employees |
10 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Hana Bank-Okum Dong Branch Industrial Bank of Korea-Bangyi Station
Branch |
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Corporate Registered No. |
150111-0036439 |
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Business Registered No. |
301-81-34891 |
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Permit & Licenses |
Int’l Trade No.: 11777157 |
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Shareholder Position |
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Company History |
08/1996 Established as HYUNJIN CO.(Sole
Proprietorship) 12/21/1998 Incorporated as HYUNJIN CO.,
LTD. 04/2000 Changed company name to the present
name 08/22/2005 Moved to the present HQ address
from 52-20, Ogeum-dong, Songpa-gu, Seoul, Korea 12/21/2007 Increased capital to 280,000,000 KRW from 120,000,000 KRW 12/24/2008 Increased capital to 480,000,000 KRW from 280,000,000 KRW |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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Representative Director |
Mr. |
Jeong See-Young |
Male |
Korean |
05/21/2001 |
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Auditor |
M/S. |
Lim In-Sun |
Female |
Korean |
03/31/2001 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
28,260,000,000 |
8,367,000,000 |
449,000,000 |
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2008 |
27,582,000,000 |
8,223,000,000 |
308,000,000 |
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2007 |
24,253,000,000 |
6,818,000,000 |
217,000,000 |
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2006 |
19,775,000,000 |
6,773,000,000 |
167,000,000 |
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2005 |
18,879,000,000 |
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88,000,000 |
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2004 |
16,654,000,000 |
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29,000,000 |
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2003 |
11,856,000,000 |
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94,000,000 |
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) |
480,000,000 |
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Paid-Up Capital(KRW) |
480,000,000 |
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Total Issued Shares |
48,000 |
Balance
Sheet
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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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Total Assets |
8,367,000,000 |
8,223,000,000 |
6,818,000,000 |
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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 |
5,999,000,000 |
6,304,000,000 |
5,407,000,000 |
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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 |
2,368,000,000 |
1,919,000,000 |
1,411,000,000 |
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Liab. & Shareholder’s Equity |
8,367,000,000 |
8,223,000,000 |
6,818,000,000 |
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 |
28,260,000,000 |
27,582,000,000 |
24,253,000,000 |
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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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Income Before Taxes |
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Income Taxes Expenses |
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Net Income |
449,000,000 |
308,000,000 |
217,000,000 |
Products, Technologies, Services Description
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Main Products & Services |
Corn Syrup High Fructose Corn Syrup Isomalto Oligosaccharide Corn Starch/Waxy Corn Starch Pregelatinized Maps Dextrose Maltodextrin Refined Maltose Batter Starch Cyclodextrin Hitex Fish Ball Taste Starch Maltitol Syrup |
Trade Partners & Competitors
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Competitors |
DAEHWA CO., LTD. 590-5, HAAN 1-DONG, GWANGMYEONG-SI,
GYEONGGI-DO, KOREA TEL:+82-2-897-2100 FAX:+82-2-897-2545 CSK TRADING CO., LTD. RM. 301, GUNGHYEON BLDG., 1579-5, SEOCHO
3-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-597-5915 FAX:+82-2-597-5918 HANS CORPORATION RM. 201, HYOJIN BLDG., 1540-5, SEOCHO
3-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-521-2536 FAX:+82-2-521-2445 |
Sales by Region
(Activity &
Markets)
The Subject imports
from Austria, China, Malaysia and Vietnam.
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.48.87 |
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1 |
Rs.78.11 |
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Euro |
1 |
Rs.68.36 |
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.