MIRA INFORM REPORT

 

 

Report Date :

27.09.2011

 

IDENTIFICATION DETAILS

 

Name :

IL KOREA CO., LTD.

 

 

Registered Office :

Rm.404, Seshin Family Town 952, Haengsin-dong, Deogyang-gu, Goyang-si, Gyeonggi-do, Korea 412-836

 

 

Country :

South Korea

 

 

Date of Incorporation :

18.09.2002

 

 

Legal Form :

Co., Ltd by Shares

 

 

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 :

Moderate

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

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 information

 

Company Name

IL KOREA CO., LTD.

(Ex. Company Name : IL FOOD SYSTEM CO., LTD., “아이엘푸드”)

(Korean Company Name : “아이엘코리아”)

Registered Address

952, Haengsin-dong, Deogyang-gu, Goyang-si, Gyeonggi-do, Korea

Building

Rm.404, Seshin Family Town

Zip Code

412-836

Tel

+82-31-970-0721

Fax

+82-31-970-0731

E-mail

ilcorea@ilcorea.com

Website

www.ilcorea.com

Trading Address

Rm.404, Seshin Family Town, 952, Haengsin-dong, Deogyang-gu, Goyang-si, Gyeonggi-do, Korea

Tel

+82-70-7593-5678

Fax

+82-31-970-0731

Type

Import

Industry

Wholesales of Food Materials

  Main Business

Food Materials, Food Additives, Cosmetics, Electronics & Machinery

Established (mm/dd/yyyy)

09/18/2002

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Flavours or extracts(12164502)

Sell

Food or drug additives(12164500)

 

 

CEO’s

 

Name

Lee Won-Il

Address

Suite 402, 31-11, Susaek-dong, Eunpyeong-gu, Seoul, Korea

Date of Birth

10/09/1956

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

120,000,000

Employees

N/A

Formation

Co., Ltd by Shares

Bank Details

N/A

Corporate Registered No.

115911-0071672

Business Registered No.

N/A. (The numbers are kept by the National Tax Service confidentially.)

Because the subject’s full Business Registered No., for checking through the National Tax Service whether the subject is still existing or not, is not available, so we cannot confirm if the subject exist or not legally.)

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

09/18/2002 Incorporated as IL FOOD SYSTEM CO., LTD.

1/27/2002 Increased capital to 250,000,000 KRW from 150,000,000 KRW

07/29/2004 Changed company name to the present name

01/28/2007 Moved to the present HQ address from 881-9, Hwajeong-dong, Deogyang-gu, Goyang-si, Gyeonggi-do, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Lee Won-Il

Male

Korean

12/23/2008

Director

M/S.

Hwang Young-Hee

Female

Korean

09/18/2005

Auditor

Mr.

Park Kyung-Il

Male

Korean

03/31/2005

 

 

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)

600,000,000

Paid-Up Capital(KRW)

250,000,000

Total Issues Shares

50,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Food Materials, Food Additives, Cosmetics, Electronics & Machinery

 

 

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

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.62

UK Pound

1

Rs.76.68

Euro

1

Rs.66.47

 

 

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%)

 

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.