MIRA INFORM REPORT

 

 

Report Date :           

05.04.2012

 

IDENTIFICATION DETAILS

 

Name :

EREBON CORP.

 

 

Formerly Known As :

ERE YANGHENG CORP.

 

 

Registered Office :

351-1, Wondu-ri, Moga-myeon, Icheon-si, Gyeonggi-do, Korea, Zip Code 467-873

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2008

 

 

Date of Incorporation :

10.05.1995

 

 

Com. Reg. No.:

211-86-08800

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesales of Food Materials, Cereals

 

 

No. of Employees :

04

 

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 – September 30th, 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

EREBON CORP.

(Korean Company Name : “(주)이레본”)

Registered Address

351-1, Wondu-ri, Moga-myeon, Icheon-si, Gyeonggi-do, Korea

Zip Code

467-873

Tel

+82-31-633-0135

Fax

+82-31-633-1828

Trading Address

351-1, Wondu-ri, Moga-myeon, Icheon-si, Gyeonggi-do, Korea

Tel

+82-31-633-0135

Fax

+82-31-633-1828

Type

Export/Import

Industry

Wholesales of Food Materials, Cereals

  Main Business

Sesame Seed, Soybean

Established (mm/dd/yyyy)

05/10/1995

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Cereals(50221100)

Sell

Cereal grains(50221101)

 

 

CEO’s

 

Name

Park Young-Sook

Address

Suite 252-704, 832, Sanghyeon-dong, Suji-gu, Yongin-si, Gyeonggi-do, Korea

Date of Birth

01/26/1955

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

180,000,000

Employees

4

Formation

Co., Ltd by Shares

Bank Details

Woori Bank-Yongsan Central Branch

Corporate Registered No.

110111-1156391

Business Registered No.

211-86-08800

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

05/10/1995 Incorporated as ERE YANGHENG CORP.

08/14/2007 Changed company name to the present name

08/14/2007 Moved to the present HQ address from 223, Yangjae-dong, Seocho-gu, Seoul, Korea

03/17/2010 Increased capital to 180,000,000 KRW from 50,000,000 KRW

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Park Young-Sook

Male

Korean

05/10/1995

Auditor

Mr.

Park Sang-Oh

Male

Korean

08/02/2007

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2008

969,000,000

2,963,000,000

-62,000,000

 

The latest financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

 

 

Financial Description

 

Authorized Capital(KRW)

200,000,000

Paid-Up Capital(KRW)

180,000,000

Total Issued Shares

36,000

 

 

Balance Sheet

 

Unit : Million Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Total Assets

 

 

2,963,000,000

Current Assets

 

 

625,000,000

-Quick Assets

 

 

257,000,000

-Inventories

 

 

368,000,000

Fixed Assets

 

 

2,338,000,000

-Investment

 

 

1,000,000

-Tangibles

 

 

2,327,000,000

-Intangibles

 

 

-

Total Liabilities

 

 

3,154,000,000

Current Liabilities

 

 

2,350,000,000

Fixed Liabilities

 

 

804,000,000

Capital Stock

 

 

50,000,000

Capital Surplus

 

 

-

Profit Surplus

 

 

-241,000,000

Capital Adjustment

 

 

-

Total Equity

 

 

-191,000,000

Liab. & Shareholder’s Equity

 

 

2,963,000,000

 

 

Income Statement

 

Unit : Million Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Sales

 

 

969,000,000

Cost of Sold Goods

 

 

838,000,000

Gross Profit

 

 

131,000,000

Selling & Admin. Expenses

 

 

68,000,000

Operating Income

 

 

63,000,000

Non-Operating Income

 

 

13,000,000

Non-Operating Expenses

 

 

138,000,000

Income Before Taxes

 

 

-62,000,000

Income Taxes Expenses

 

 

-

Net Income

 

 

-62,000,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Sesame Seed, Soybean

 

 

Trade Partners & Competitors

 

Competitors

S AND G CO.

RM.602, KYOUNGNAM BLDG., 163-16, SEONGNAE-DONG, GANGDONG-GU, SEOUL, KOREA

TEL:+82-2-2234-4780  FAX:+82-2-2233-3469

 

CHIL KAB FARM PRODUCTS CO., LTD.

322, DEOKEUN-RI, WOLLONG-MYEON, PAJU-SI, GYEONGGI-DO, KOREA

TEL:+82-31-945-0909  FAX:+82-31-945-4636

 

SAM CHANG INDUSTRY CO., LTD.

240-2, YONGDU-RI, GONGDO-EUP, ANSEONG-SI, GYEONGGI-DO, KOREA

TEL:+82-31-653-4361  FAX:+82-31-653-4360

 

NEWWELL ENTERPRISE CO., LTD.

RM. 1223, SAMIL PLAZA OFFICETEL, 837-26, YEOKSAM 1-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-558-2527  FAX:+82-2-558-2543

 

 

Sales by Region

(Activity & Markets)

 

The Subject imports from China.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.05

UK Pound

1

Rs.81.09

Euro

1

Rs.67.39

 

 

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%)

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.