MIRA
INFORM REPORT
|
Report Date : |
26.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
TS
CORPORATION |
|
|
|
|
Registered Office : |
6-14, Bukseongdong 1-ga, Jung-gu, Incheon, Korea 400-201 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.09.2011 |
|
|
|
|
Date of Incorporation : |
06.07.1956 |
|
|
|
|
Com. Reg. No.: |
121-81-07309 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Sugar |
|
|
|
|
No. of Employees : |
595 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
Payment Behaviour : |
No Complaints |
|
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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
TS
CORPORATION (Korean Company Name : “대한제당(주)”) |
|
Registered Address |
6-14, Bukseongdong 1-ga, Jung-gu, Incheon,
Korea |
|
Zip Code |
400-201 |
|
Tel |
+82-32-770-1400 |
|
Fax |
+82-32-770-1601 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
7-23, Sincheon-dong, Songpa-gu, Seoul,
Korea (P.O.BOX 331) |
|
Tel |
+82-2-410-6000 |
|
Fax |
+82-2-410-6028 |
|
Other Address-Business Office |
1229, U 2-dong, Haeundae-gu, Busan, Korea |
|
Tel |
+82-51-746-1480 |
|
Other Address-Yangju Business Office |
18-3, Ugo-ri, Gwangjeok-myeon, Yangju-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-837-1300 |
|
Other Address-Hongseong Business Office |
283-3, Sangha-ri, Hongbuk-myeon, Hongseong-gun, Chungcheongnam-do,
Korea |
|
Tel |
+82-41-634-8507 |
|
Other Address-Daegu Business Office |
42-5, Ihyeon-dong, Seo-gu, Daegu, Korea |
|
Tel |
+82-53-555-2493 |
|
Other Address-Gangwon Business Office |
503-1, Dangye-dong, Wonju-si, Gangwon-do, Korea |
|
Tel |
+82-33-731-8058 |
|
Other Address-Jinju Business Office |
62-3, Cheongok-ri, Jinseong-myeon, Jinju-si, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-752-0381 |
|
Fax |
+82-55-752-0382 |
|
Other Address-Oksan Factory |
359-1, Osan-ri, Oksan-myeon, Cheongwon-gun, Chungcheongbuk-do, Korea |
|
Tel |
+82-43-269-4368 |
|
Fax |
+82-43-269-3166 |
|
Other Address-Ulsan Factory |
480, Yongjam-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-257-4085 |
|
Fax |
+82-52-257-4090 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Sugar |
|
Main Business |
Sugar, Feed, Food Additives, Food Stuffs |
|
Sub
Business |
Manufacture of Prepared Animal Feeds |
|
Established (mm/dd/yyyy) |
07/06/1956 |
The Subject owns
the premises of registered HQ address(77,761.80㎡), Seoul Office(5,964.84㎡), Ulsan Factory (77,428.00㎡) and Oksan Factory(44,606.00㎡).
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Natural sugars or sweetening products(50161509) |
|
Sell |
Dipping sauces or condiments or spreads or marinades(50171830) |
|
Sell |
Edible vegetable and plant oils and fats(50151500) |
|
Sell |
Poultry food(10121604) |
|
Sell |
Livestock feed(10121500) |
|
Sell |
Wine(50202203) |
|
Buy |
Feed corn(10121503) |
|
Buy |
Organic fertilizers and plant nutrients(10171500) |
|
Buy |
Cocoa |
|
Buy |
SMP |
|
Buy |
Cheese |
|
Buy |
Corn for Animal Feed |
CEO’s
|
Name |
Lee Chu-Hun |
|
Date of Birth |
12/23/1951 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
20,392,490,000 |
||||||||||||||||||||||||
|
Employees |
595 |
||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange :
001790) as of 12/27/1968 A Company of TS Corporation Business Group |
||||||||||||||||||||||||
|
Bank Details |
Kookmin Bank Citi Bank, Korea-Jamsil Branch Korea Exchange Bank Shinhan Bank-Jamsil Branch Woori Bank Korea Development Bank Hana Bank-Jamsil Station Branch |
||||||||||||||||||||||||
|
Corporate Registered No. |
120111-0018368 |
||||||||||||||||||||||||
|
Business Registered No. |
121-81-07309 |
||||||||||||||||||||||||
|
Permit & Licenses |
08/1999 ISO 9001 Acquired HACCP in all factories Int’l Trade No.: 741682 |
||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||
|
Company History |
07/2006 50th Anniversary of TS Corporation 04/2005 Approval of IND (Clinical trial
phase III for Aropotin) 09/2003 Received the Order of Industrial
Service Merit (Gold Tower) from Korean Government 01/2002 ERP activated for Innovative Management
and Global Standardization 09/2000 Unveiled company vision ‘Beyond
Happiness’ 08/1999 ISO 9001 certification granted 05/1998 Received the Industrial Service
Award from Inchon Metropolitan City for peaceful labor management and
practice 11/1998 Received the Order of Industrial
Service Merit (Stone Tower) from Korean government 10/1997 Established Beijing Popeye’s Food
Ltd. 12/1996 Received the Industrial Service
Award from Korean government 10/1996 Completed livestock feed plant in
Tian Jin, China 02/1995 Established Tian Jin Rainbow Feed
Corp. in China 03/1995 Received the Order of Industrial
Service Merit (Silver Tower) for its faithful tax payment 04/1995 Changed company name to TS
Corporation 04/1994 Established the branch office in
Tokyo 03/1992 Established Taihan Sugar Ltd. In
Hong kong 02/1991 Established the branch office in
New York 02/1991 Completed sugar premix plant in
Oksan 10/1991 Constructed new head office
building in Chamsil, Seoul 04/1989 Completed specialized feed plant in
Kwangju 12/1989 Completed chemical plant in Ulsan 07/1988 Completed livestock feed plant in
Ulsan 02/1986 Established Research and
Development Center 12/1981 Awarded the Order of Industrial
Merit Trophy for achieving annual export sales of US $100Millions 12/1981 Received the Order of Industrial
Service Merit (Bronze Tower) from Korean Government 12/1980 Received the Order of Industrial
Award from Korean Government 08/1979 Completed sugar refinery in Inchon 05/1979 Completed livestock feed plant in
Inchon 08/1969 Changed the company name to Taihan
Sugar Industrial Co., Ltd. 07/1956 Incorporated as Daedong Sugar Co.,
Ltd. with capitals of 2.5 Million won |
||||||||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Advisor |
Mr. |
Lee Chae-Soo |
Korean |
1949.04.14 |
Seoul National University, Korea |
|
Vice Chairman & CEO |
Mr. |
Sul Yoon-Ho |
Korean |
1975.02.22 |
Claremont Graduate University |
|
Vice Chairman |
Mr. |
Baik Kyung-Mok |
Korean |
1950.08.19 |
Yonsei University, Korea |
|
President & CEO |
Mr. |
Lee Chu-Hun |
Korean |
1951.12.23 |
Yonsei University, Korea |
|
President & CEO |
Mr. |
Lee Myung-Sik |
Korean |
1953.11. 9 |
Yonsei University, Korea |
|
Vice President |
Mr. |
Ko Duck-Hee |
Korean |
1954.12.31 |
Kunkook University, Korea |
|
Outside Director |
Mr. |
Park Dong-Hyuck |
Korean |
1942.10.12 |
Yonsei University, Korea |
|
Outside Director |
Mr. |
Kim Jin-Kyung |
Korean |
1947.05.26 |
Sungkyunkwan University, Korea |
|
Outside Director |
Mr. |
Lee Sang-Wook |
Korean |
1951.11.01 |
Yonsei University, Korea |
|
Auditor |
Mr. |
Shin Dong-Hwa |
Korean |
1944.03.14 |
Yonsei University, Korea |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
915,542,960,000 |
983,810,622,000 |
1,026,627,000 |
|
|
2010 |
1,167,232,641,000 |
941,123,709,000 |
13,302,514,000 |
|
2009 |
1,111,543,571,000 |
910,820,699,000 |
21,470,994,000 |
|
2008 |
1,178,605,850,290 |
899,205,171,444 |
4,706,800,000 |
|
2007 |
1,008,092,654,634 |
589,009,177,898 |
12,270,699,473 |
|
2006 |
940,941,328,334 |
556,300,698,069 |
14,236,474,292 |
|
2005 |
847,895,804,924 |
522,509,085,613 |
14,153,462,161 |
|
2004 |
803,433,566,973 |
511,530,013,450 |
13,973,350,400 |
|
2003 |
725,731,448,759 |
512,325,759,187 |
6,028,372,517 |
(*)09/2011’s figures are based on the K-IFRS Accounting System.
Financial Description
|
Authorized Capital(KRW) |
30,000,000,000 |
|
Paid-Up Capital(KRW) |
20,392,490,000 |
|
Total Issues Shares |
8,156,996 (Common: 7,508,720/ Preferable:
648,276) |
Balance
Sheet
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
983,810,622,000 |
934,415,046,000 |
|
|
Current
Assets |
422,090,609,000 |
393,069,492,000 |
|
|
Cash & Cash Equivalents |
101,333,734,000 |
83,408,785,000 |
|
|
Inventories |
174,647,859,000 |
142,552,638,000 |
|
|
Trade Receivables & Other
Receivables |
120,866,994,000 |
110,176,059,000 |
|
|
Current Financial Instruments |
25,242,022,000 |
56,932,010,000 |
|
|
Non-Current
Assets |
561,720,013,000 |
541,345,554,000 |
|
|
Long-Term Trade Receivables &
Other Receivables |
1,974,194,000 |
2,651,074,000 |
|
|
Tangibles |
196,097,708,000 |
189,832,154,000 |
|
|
Investment_Real Estates |
111,855,912,000 |
111,785,785,000 |
|
|
Intangibles |
6,941,314,000 |
6,853,339,000 |
|
|
Investment_Subsidiaries |
220,958,914,000 |
217,958,914,000 |
|
|
Non-Current Financial Instruments |
23,762,871,000 |
12,135,188,000 |
|
|
Non-Current Non-Financial
Instruments |
129,100,000 |
129,100,000 |
|
|
Total
Liabilities |
575,750,297,000 |
519,669,069,000 |
|
|
Current
Liabilities |
324,795,361,000 |
313,975,775,000 |
|
|
Trade Payables & Other
Payables |
82,256,665,000 |
85,254,595,000 |
|
|
Short-Term Borrowings |
172,546,673,000 |
143,628,852,000 |
|
|
Current Portion of Long-Term Borrowings |
67,919,335,000 |
81,086,308,000 |
|
|
Accrued Income Tax |
625,895,000 |
1,376,660,000 |
|
|
Other Current Financial Debts |
1,446,793,000 |
2,629,360,000 |
|
|
Non-Current
Liabilities |
250,954,936,000 |
205,693,294,000 |
|
|
Long-Term Trade Payables &
Other Payables |
6,466,947,000 |
6,472,818,000 |
|
|
Long-Term Borrowings |
193,768,616,000 |
148,443,896,000 |
|
|
Provision for Severance &
Retirement |
11,276,163,000 |
9,539,667,000 |
|
|
Deferred Income Tax Credit |
37,859,291,000 |
39,394,533,000 |
|
|
Other Non-Current Financial Debts |
1,583,919,000 |
1,842,380,000 |
|
|
Capital
Stock |
20,392,490,000 |
20,392,490,000 |
|
|
Capital Surplus |
14,707,540,000 |
14,714,100,000 |
|
|
Profit Surplus |
194,942,890,000 |
197,568,557,000 |
|
|
Others |
178,017,405,000 |
182,070,830,000 |
|
|
Total Equity |
408,060,325,000 |
414,745,977,000 |
|
|
Liab. & Shareholder’s Equity |
983,810,622,000 |
934,415,046,000 |
|
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
941,123,709,000 |
910,820,699,000 |
899,205,171,000 |
|
Current Assets |
394,457,035,000 |
414,118,937,000 |
406,545,927,000 |
|
-Quick Assets |
251,904,398,000 |
275,514,917,000 |
265,101,559,000 |
|
-Inventories |
142,552,637,000 |
138,604,020,000 |
141,444,368,000 |
|
Fixed Assets |
546,666,674,000 |
496,701,762,000 |
492,659,244,000 |
|
-Investment |
233,560,531,000 |
181,799,482,000 |
162,019,153,000 |
|
-Tangibles |
301,617,939,000 |
303,981,569,000 |
309,202,579,000 |
|
-Intangibles |
1,626,369,000 |
1,400,937,000 |
1,499,018,000 |
|
-Others |
9,861,835,000 |
9,519,774,000 |
19,938,494,000 |
|
Total Liabilities |
515,316,017,000 |
489,555,791,000 |
493,798,165,000 |
|
Current Liabilities |
311,346,417,000 |
306,533,568,000 |
299,026,775,000 |
|
Fixed Liabilities |
203,969,600,000 |
183,022,223,000 |
194,771,390,000 |
|
Capital Stock |
20,392,490,000 |
17,200,000,000 |
17,200,000,000 |
|
Capital Surplus |
111,705,017,000 |
120,898,494,000 |
120,976,511,000 |
|
Profit Surplus |
139,384,918,000 |
129,922,688,000 |
109,951,959,000 |
|
Capital Adjustment |
154,325,267,000 |
153,243,726,000 |
157,278,536,000 |
|
Total Equity |
425,807,692,000 |
421,264,908,000 |
405,407,006,000 |
|
Liab. & Shareholder’s Equity |
941,123,709,000 |
910,820,699,000 |
899,205,171,000 |
Income
Statement
|
Unit : Korean Won |
01/01/2011~09/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
915,542,960,000 |
|
|
|
Cost of Sold Goods |
833,594,555,000 |
|
|
|
Gross Profit |
81,948,405,000 |
|
|
|
Selling & Admin. Expenses |
65,473,273,000 |
|
|
|
Operating Income |
16,475,132,000 |
|
|
|
Other Income |
20,196,030,000 |
|
|
|
Other Loss |
26,034,927,000 |
|
|
|
Finance Income |
4,432,244,000 |
|
|
|
Finance Expenses |
13,122,184,000 |
|
|
|
Income Before Taxes |
1,946,295,000 |
|
|
|
Income Taxes Expenses |
919,668,000 |
|
|
|
Net Income |
1,026,627,000 |
|
|
Income
Statement
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
1,167,232,641,000 |
1,111,543,571,000 |
1,178,605,850,000 |
|
Cost of Sold Goods |
1,062,804,380,000 |
980,165,942,000 |
1,050,669,630,000 |
|
Gross Profit |
104,428,261,000 |
131,377,629,000 |
127,936,220,000 |
|
Selling & Admin. Expenses |
89,852,627,000 |
91,992,178,000 |
89,100,738,000 |
|
Operating Income |
14,575,634,000 |
39,385,451,000 |
38,835,482,000 |
|
Non-Operating Income |
42,400,082,000 |
54,361,641,000 |
62,331,417,000 |
|
Non-Operating Expenses |
39,832,177,000 |
64,527,006,000 |
94,444,210,000 |
|
Ordinary Income |
17,143,539,000 |
29,220,086,000 |
6,722,689,000 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
17,143,539,000 |
29,220,086,000 |
6,722,689,000 |
|
Income Taxes Expenses |
3,841,025,000 |
7,749,092,000 |
2,015,889,000 |
|
Net Income |
13,302,514,000 |
21,470,994,000 |
4,706,800,000 |
Cash
Flows
|
Unit : Korean Won |
01/01/2011~06/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating
Activities Cash Flows |
-24,996,280,000 |
|
|
|
Net Income |
1,026,627,000 |
|
|
|
Adjustment |
-13,787,389,000 |
|
|
|
Dividends Received |
1,055,350,000 |
|
|
|
Interests Paid |
-13,430,214,000 |
|
|
|
Interests Received |
3,604,568,000 |
|
|
|
Income Taxes |
-3,465,222,000 |
|
|
|
Cash Flows from Investing |
3,791,891,000 |
|
|
|
Cash Flows from Financing |
38,717,573,000 |
|
|
|
Increase/Decrease in Cash |
17,924,949,000 |
|
|
|
Cash at the Beginning of Year |
83,408,785,000 |
|
|
|
Cash at the End of Year |
101,333,734,000 |
|
|
Cash
Flows
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
23,481,861,000 |
65,866,105,000 |
-37,416,990,000 |
|
-Net Income |
13,302,514,000 |
21,470,994,000 |
4,706,800,000 |
|
-Exp. without Cash Outflow |
19,396,500,000 |
28,861,258,000 |
47,103,512,000 |
|
-Revenue without Cash Inflows |
-18,080,071,000 |
-20,606,261,000 |
-30,962,492,000 |
|
-Changes in Asset/ & Liability |
8,862,918,000 |
36,140,114,000 |
-58,264,810,000 |
|
Cash Flows from Investing |
-91,302,614,000 |
-14,359,691,000 |
8,020,644,000 |
|
-Cash Inflow from Investing |
14,352,104,000 |
12,030,469,000 |
28,959,601,000 |
|
-Cash Outflows for Investing |
-105,654,718,000 |
-26,390,160,000 |
-20,938,957,000 |
|
Cash Flows from Financing |
13,617,971,000 |
-22,607,838,000 |
95,422,591,000 |
|
-Cash Inflows from Financing |
152,795,297,000 |
65,227,747,000 |
155,152,507,000 |
|
-Cash Outflows from Financing |
-139,177,326,000 |
-87,835,585,000 |
-59,729,916,000 |
|
Increase/Decrease in Cash |
-54,202,782,000 |
28,898,576,000 |
66,026,245,000 |
|
Cash at the Beginning of Year |
137,611,567,000 |
108,712,991,000 |
42,686,746,000 |
|
Cash at the End of Year |
83,408,785,000 |
137,611,567,000 |
108,712,991,000 |
Products, Technologies, Services Description
|
Main Products & Services |
Sugar & Foodstuffs Animal Feed Chemicals Bio Business Brand Name: Foodream, Rainbow Animal Feed |
Trade Partners & Competitors
|
Customers |
HANYEADEU CO. LTD (134511-0031259) |
|
Competitors |
CJ CHEILJEDANG CORPORATION(110111-3748253) 500, NAMDAEMUNNO 5-GA, JUNG-GU, SEOUL,
KOREA TEL:+82-2-726-8114 FAX:+82-2-726-8319 SAMYANG CORPORATION(110111-0026181) 263, YEONJI-DONG, JONGNO-GU, SEOUL, KOREA TEL:+82-2-740-7114 FAX:+82-2-743-7720 DAESANG CORPORATION(110111-0327125) DAESANG BLDG., 96-48, SINSEOL-DONG,
DONGDAEMUN-GU, SEOUL, KOREA TEL:+82-2-2220-9500 FAX:+82-2-2232-3719 |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
GYEONGIN TV CO., LTD.(121111-0149021) (16.86% held by the subject company) TS DEVELOPMENT CO., LTD(110111-0178057) (39.54% held by the subject company) ART JAIM BIOTEC CO., LTD. (110111-1899652) (35.00% held by the subject company) |
|
Overseas Office |
LA OFFICE 970W 190TH ST. SUITE 490, TORRANCE CA
90502, USA TEL :+1-310-329-6468 FAX :+1-310-329-0614 TOKYO OFFICE 7TH FLOOR, UCHIKANDA TK BLDG, 5-13 UCHIKANDA 1-CHOME, CHIYODA-KU, TOKYO,
JAPAN TEL :+81-3-5217-3434 FAX :+81-3-3233-1120 TS(HONG KONG) CO., LTD. 1104 & 5, TESBURY CENTRE 24-32, QUEEN'S
ROAD EAST WANCHAI, HONG KONG TEL :+852-2865-4266 FAX :+852-2865-3766 |
|
Subsidiary |
SAMSUNG MUTUAL SAVINGS & FINANCE CO.,
LTD.(110111-0113475) (100.0% held by the subject company) TS HAIMARROW CO., LTD(110111-0801492) (79.53% held by the subject company) GONGJU DEVELOPMENT.CO.LTD(110111-0717590) (100.0% held by the subject company) TS WOOIN CO., LTD.(110111-0169999) (92.06% held by the subject company) TS DAIRY PRODUCTS CO., LTD.(150111-0025490) (50.96% held by the subject company) TS C&I CO., LTD.(110111-1458789) (99.67% held by the subject company) IC-GEN CORP.(110111-2317562) (69.99% held by the subject company) TIANJIN RAINBOW FEED CO., LTD (80.00% held by the subject company) TS(HONG KONG) CO., LTD. (100.0% held by the subject company) NAMKYUNG CHAEHONG ANIMAL FEED CO.,
LTD.(CHINA) (52.38% held by the subject company) |
|
Cooperative Enterprise |
-Technical Support BOCM PAULS-UK |
Sales by Region
(Activity &
Markets)
|
Sales/ Unit :Thousand KRW |
09/2011 |
2010 |
2009 |
|
Export |
207,294,125 |
249,805,474 |
224,068,082 |
|
Domestic |
708,248,835 |
917,695,883 |
887,475,489 |
|
Total |
915,542,960 |
1,167,501,357 |
1,111,543,571 |
The subject imports Cocoa and other raw
materials from Thailand, South Africa, Guatemala and Australia, and exports to
Asian Countries including Japan, Hong Kong and China.
Court Action
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
2008GADAN2487 |
|
The Subject Company |
Cho Jong-Jin |
Claim for Guaranteed Debts |
59,294 |
Proceeding |
|
2008GAHAP211 |
|
The Subject Company |
Kwon Jae-Hyun & Others |
Claim for Receivables |
306,396 |
Proceeding |
|
2008GADAN14981 |
|
The Subject Company |
Seo Yoon-Ja & Others |
Claim for Receivables |
42,157 |
Proceeding |
|
2008GASO233986 |
|
The Subject Company |
Chungjungkei Co., Ltd.(111511-0052343) |
Claim for Receivables |
15,298 |
Proceeding |
|
2008GASO4519 |
|
The Subject Company |
Lee Byung-Soon |
Claim for Receivables |
4,151 |
Proceeding |
|
2008GADAN1650 |
|
Choi In-Kyu |
The Subject Company |
Claim for Deleting the right |
31,870 |
Proceeding |
|
2008GADAN1934 |
|
Park Soo-Yong |
The Subject Company |
Conformation on not existing the debts |
20,102 |
Proceeding |
|
2007GAHAP2816 |
|
Purina Korea, Inc. |
The Subject Company |
- |
284,038 |
Proceeding |
|
2008GADAN3162 |
|
Milim Eggland Co., Ltd. |
The Subject Company |
Conformation on not existing the debts |
72,559 |
Proceeding |
|
2008KADAN1319 |
|
Lee Byung-Soon |
The Subject Company |
Cancellation on imposed the provisional seizure |
- |
Proceeding |
|
2008GADAN67423 |
|
Jung Man-Young |
The Subject Company |
Refund on Profit |
60,671 |
Proceeding |
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.17 |
|
|
1 |
Rs.80.64 |
|
Euro |
1 |
Rs.69.43 |
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.