MIRA INFORM REPORT
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Report Date : |
30.01.2012 |
IDENTIFICATION DETAILS
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Name : |
GF INGREDIENT INC. |
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Formerly Known As : |
WOOJ TONGSANG CO., LTD. |
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Registered Office : |
11-9, Sincheon-dong, Songpa-gu, Seoul,
Korea, Rm. 1313, Hansin Core, Officetel, Zip Code 138-240 |
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Country : |
South Korea |
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Date of Incorporation : |
18.03.1994 |
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Com. Reg. No.: |
213-81-86281 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Wholesale of Other Prepared Food |
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No. of Employees
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04 |
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 : |
Small Company |
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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 30th, 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
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Company
Name |
GF INGREDIENT
INC. (Korean Company Name : “(주)지에프인그리디언트”) |
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Registered Address |
11-9, Sincheon-dong, Songpa-gu, Seoul,
Korea |
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Building |
Rm. 1313, Hansin Core Officetel |
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Zip Code |
138-240 |
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Tel |
+82-2-3431-6767 |
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Fax |
+82-2-3431-6780 |
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E-mail |
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Trading Address |
Rm. 1313, Hansin Core Officetel, 11-9,
Sincheon-dong, Songpa-gu, Seoul, Korea |
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Tel |
+82-2-3431-6767 |
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Fax |
+82-2-3431-6780 |
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Type |
Import |
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Industry |
Wholesale of Other Prepared Food |
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Main Business |
Organic Glucose Powder, Organic Maltodextrin, Health Aid Food |
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Established (mm/dd/yyyy) |
03/18/1994 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Formulas and products for nutritional
support(42231800) |
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Sell |
Dietary supplements and nutritional therapy
products(51191900) |
CEO’s
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Name |
Yang Woong-Mo |
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Address |
Suite 103-503, Woosung APT., Jamsil-dong,
Songpa-gu, Seoul, Korea |
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Date of Birth |
09/10/1951 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
50,000,000 |
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Employees |
4 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Kookmin Bank-Seokchon Dong Corporate Finance
Branch Industrial Bank of Korea |
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Corporate Registered No. |
110111-1020265 |
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Business Registered No. |
213-81-86281 |
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Permit & Licenses |
Int’l Trade No.: 11008402 |
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Shareholder Position |
N/A |
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Company History |
03/18/1994 Incorporated as WOOJ TONGSANG
CO., LTD. 04/26/1997 Moved to the present HQ address
from 417-5, Dogok-dong, Gangnam-gu, Seoul, Korea 10/06/2008 Changed company name to the
present name |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Yang Woong-Mo |
Male |
Korean |
05/13/1998 |
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Director |
M/S. |
Choi Gong-Sook |
Female |
Korean |
10/20/1994 |
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Auditor |
Mr. |
Kim Jae-Ho |
Male |
Korean |
03/19/2009 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
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2008 |
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2007 |
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2006 |
2,211,000,000 |
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2005 |
2,036,000,000 |
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2004 |
1,960,000,000 |
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2003 |
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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
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Authorized Capital(KRW) |
200,000,000 |
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Paid-Up Capital(KRW) |
50,000,000 |
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Total Issued Shares |
10,000 |
Products, Technologies, Services Description
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Main Products & Services |
Organic Glucose Powder, Organic Maltodextrin, Health Aid Food |
Trade Partners & Competitors
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Competitors |
DAOOM CORP. 1543, SONGPO-DONG, SACHEON-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-834-4564~5 FAX:+82-55-834-4566 KOREA MEDICAL FOODS CO., LTD. RM. 702, SK TECHNO BLDG., 16-4, SEONGSU
1-GA 2-DONG, SEONGDONG-GU, SEOUL, KOREA TEL:+82-2-468-7000 FAX:+82-2-468-7008 KOREA MEDICAL FOODS CO., LTD. RM. 702, SK TECHNO BLDG., 16-4, SEONGSU
1-GA 2-DONG, SEONGDONG-GU, SEOUL, KOREA TEL:+82-2-468-7000 FAX:+82-2-468-7008 |
Sales by Region
(Activity & Markets)
The Subject imports
from Malaysia, Netherlands and USA.
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.49.65 |
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UK Pound |
1 |
Rs.77.80 |
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Euro |
1 |
Rs.65.05 |
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.