MIRA INFORM REPORT

 

 

Report Date :

18.08.2012

 

IDENTIFICATION DETAILS

 

Name :

BORAM FISHERIES CO., LTD.

 

 

Registered Office :

427, Oebalsan-dong, Gangseo-gu, Seoul, Korea, Rm. 416, Gangseo Agricultural Market, Zip code 157-740

 

 

Country :

South Korea

 

 

Date of Incorporation :

29.12.2004

 

 

Com. Reg. No.:

117-81-52896

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Wholesaler of Fishes

 

 

No. of Employees :

02 employees

 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

BORAM FISHERIES CO., LTD.

(Korean Company Name : “()보람수산”)

Registered Address

427, Oebalsan-dong, Gangseo-gu, Seoul, Korea

Building

Rm. 416, Gangseo Agricultural Market

Zip Code

157-740

Tel

+82-2-2640-8885

Fax

+82-2-2640-8887

E-mail

boramfish77@yahoo.co.kr

Trading Address

Rm. 416, Gangseo Agricultural Market, 427, Oebalsan-dong, Gangseo-gu, Seoul, Korea

Tel

+82-2-2640-8885

Fax

+82-2-2640-8887

Type

Export/Import

Industry

Wholesale of Fishes

  Main Business

Blue Swimming Crab, Squid

Established (mm/dd/yyyy)

12/29/2004

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Fresh aquatic invertebrates(50121705)

Sell

Live crabs(10101805)

 

 

CEO’s

 

Name

Park Soo-Keun

Address

Suite 101-904, 403, Sosabon-dong, Sosa-gu, Bucheon-si, Gyeonggi-do, Korea

Date of Birth

03/04/1968

Title

Representative Director

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

300,000,000

Employees

2

Formation

Co., Ltd by Shares

Bank Details

Kookmin Bank-Yangpyeong-Dong Branch

153-11, Yangpyeong-Dong 4-Ga, Yeongdeungpo-Gu, Seoul 150-104 Korea

Tel: +82-2-2671-9501

 

Woori Bank-Shinwolbuk Branch

Corporate Registered No.

110111-3140219

Business Registered No.

117-81-52896

Permit & Licenses

N/A

Shareholder Position

N/A

Company History

12/29/2004 Incorporated as the present name

12/27/2006 Increased capital to 300,000,000 KRW from 100,000,000 KRW

04/01/2005 Moved to the present HQ address from 198-8, Sinwol 3-dong, Yangcheon-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Representative Director

Mr.

Park Soo-Keun

Male

Korean

12/29/2007

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2009

8,804,000,000

1,964,000,000

115,000,000

2008

6,714,000,000

1,322,000,000

88,000,000

2007

7,598,000,000

971,000,000

98,000,000

 

The latest & full 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)

400,000,000

Paid-Up Capital(KRW)

300,000,000

Total Issues Shares

60,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Blue Swimming Crab, Squid

 

Trade Partners & Competitors

 

Competitors

BLUE-IS INC.

5TH FL., DURUMI BLDG., 75-19, GUUI 2-DONG, GWANGJIN-GU, SEOUL, KOREA

TEL:+82-2-419-7557  FAX:+82-2-419-9736

 

GREEN WORLD CO., LTD

10TH FL., DONGBANG BLDG., 25-4, JUNGANGDONG 4-GA, JUNG-GU, BUSAN, KOREA

TEL:+82-51-464-9494  FAX:+82-51-441-3791

 

CNK TRADING CO., LTD.

RM. 1904, KOREA BUSINESS CENTER, 1338-21, SEOCHO 2-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-2055-2010  FAX:+82-2-2055-2060

 

 

Sales by Region

(Activity & Markets)

 

Not Available.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

--


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.55

Euro

1

Rs.68.85

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.