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Report Date : |
11.01.2013 |
IDENTIFICATION DETAILS
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Name : |
DONGBU FARM HUNGNONG CO., LTD. |
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Registered Office : |
20FL., Dongbu Finance Center 891-10, Daechi-dong, Gangnam-gu, Seoul, Korea 135-840 |
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Country : |
South Korea |
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Date of Incorporation : |
26.04.2001 |
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Com. Reg. No.: |
110-81-50956 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture and Wholesale of Seeds and seedling |
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No. of Employees : |
19 |
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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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 |
SOUTH KOREA - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies, and currently is among the world's 20 largest economies. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea''s development model including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. With the global economic downturn in late 2008, South Korean GDP growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to recover, in large part due to export growth, low interest rates, and an expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade Agreement was ratified by both governments and is projected to go into effect in early 2012. The South Korean economy''s long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports - which comprise half of GDP.
Source
: CIA
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Company
Name |
DONGBU FARM HUNGNONG CO., LTD. (Ex. Company Name : DONGBU DAENONG CO.,
LTD. |
|
Registered Address |
891-10, Daechi-dong,
Gangnam-gu, Seoul, Korea |
|
Building |
20FL., Dongbu Finance Center |
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Zip Code |
135-840 |
|
Tel |
+82-2-3484-1500 |
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Fax |
+82-2-565-8531 |
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E-mail |
daenongseeds@hanmail.net |
|
Trading Address |
20FL.,
Dongbu Finance Center, 891-10, Daechi-dong,
Gangnam-gu, Seoul, Korea (New Address System : 432, Teheran-ro,
Gangnam-gu, Seoul, Korea) |
|
Tel |
+82-2-3484-1500 |
|
Fax |
+82-2-565-8531 |
|
Other Address |
239, Gongneungcheon-ro, Ilsandong-gu,
Goyang-si, Gyeonggi-do, Korea |
|
Type |
Export/Import |
|
Industry |
Manufacture and Wholesale of Seeds and seedling |
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Main Business |
Seeds |
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Established (mm/dd/yyyy) |
04/26/2001 |
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Activity |
Detailed Products (UNSPSC) |
|
Sell |
Vegetable seeds and seedlings(10151500) |
|
Sell |
Fruits and vegetables and nuts and seeds(50100000) |
|
Name |
Oh Young-Seok |
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Address |
Suite 205-1601, 87, Bojeong-ro, Giheung-gu,
Yongin-si, Gyeonggi-do, Korea |
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Date of Birth |
03/07/1962 |
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Title |
Co-President & CEO |
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Sex |
Male |
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Nationality |
Korean |
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Capital (KRW) |
9,000,000,000 |
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Employees |
19 |
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Formation |
Co., Ltd by Shares A Company of Dongbu Group |
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Bank Details |
Korea Exchange Bank-Namgazwa Dong Branch |
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Corporate Registered No. |
110111-2225921 |
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Business Registered No. |
110-81-50956 |
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Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
04/26/2001 Incorporated as Daenong Seeds
Co., Ltd. 09/30/2011 Joined as a Company of Dongbu
Group 12/13/2011 Changed company name to Dongbu Daenong Co., Ltd. 12/14/2011 Moved to the present HQ address from 653-47, Haengsin-dong, Deogyang-gu, Goyang-si, Gyeonggi-do,
Korea 11/06/2012 Acquired Vegetable Seed Business
from MONSANTO
KOREA, LTD.(110111-0014178) 11/08/2012 Changed company name to the
present name 11/08/2012 Increased the authorized shares
to 10,000,000 shares from 40,000 shares 12/27/2012 increased capital to
9,000,000,000 KRW from 50,000,000 KRW |
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Co-President & CEO |
Mr. |
Oh Young-Seok |
Male |
Korean |
03/22/2012 |
|
Co-President & CEO |
Mr. |
Koo Ja-Yong |
Male |
Korean |
12/26/2012 |
|
Co-President & CEO |
Mr. |
Woo Jong-Il |
Male |
Korean |
12/26/2012 |
|
Auditor |
Mr. |
Lee Sung-Jin |
Male |
Korean |
08/31/2011 |
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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|
2010 |
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2009 |
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2008 |
|
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2007 |
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2006 |
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2005 |
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2004 |
2,119,000,000 |
352,000,000 |
49,000,000 |
|
2003 |
1,014,000,000 |
289,000,000 |
15,000,000 |
The full & latest
financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
|
Authorized Capital(KRW) |
50,000,000,000 |
|
Paid-Up Capital(KRW) |
9,000,000,000 |
|
Total Issued Shares |
1,800,000 |
|
Main Products & Services |
Seeds |
|
Competitors |
ASIA SEED CO., LTD.(110111-3036096) RM. 402, GARAK BLDG., 76-9, GARAKBON-DONG, SONGPA-GU,
SEOUL, KOREA TEL:+82-2-443-4303 FAX:+82-2-431-9164 EL SEED & TRADE 211-503, HOGYE JUGONG 2-CHA APT., 977,
HOGYE 1-DONG, DONGAN-GU, ANYANG-SI, GYEONGGI-DO, KOREA TEL:+82-31-477-0210 FAX:+82-31-477-0217 NONG WOO BIO CO., LTD.(130111-0015049) 1197-4, MAETAN 2-DONG, YEONGTONG-GU,
SUWON-SI, GYEONGGI-DO, KOREA TEL:+82-31-213-4321 FAX:+82-31-218-1119 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates-Domestic |
DONGBU STEEL CO., LTD.(110111-0393308) DONGBU HITECK CO., LTD.(110111-0026206) DONGBU METAL
CO., LTD.(110111-3836678) DONGBU FINE CHEMICALS CO.,
LTD.(110111-0026206) DONGBU INVESTMENT CO., LTD.(110111-4220359) DONGBU FINECELL CO., LTD.(110111-1504102) TOMATO LSI INC.(110111-1801988) SOLEX SEMICONCODUCTOR CO.,
LTD.(110111-3727611) DONGBU METAL CO., LTD.(110111-3836678) DONGBU CORPORATION(110111-0005002) DONGBU ENGINEERING CO., LTD.
(110111-0659536) DONGBU PUSAN CONTAINER TERMINAL CO.,
LTD.(180111-0356013) CENTRAL PIER OPERATION CO., LTD.(180111-0290237) DONGBU GWANGYANG LOGISTICS CENTER CO.,
LTD.(204611-0025180) DONGBU EXPRESS MARINE CO.,
LTD.(180111-0605866) FINE-ADVANTAS AMC CORPORATION CO.,
LTD.(110111-3783811) DONGBU COMPLEX LOGISTICS CO.,
LTD.(204611-0026203) DAESUNG FREZING TRANSPORTATION CO.,
LTD.(115611-0011096) DAESUNG TOTAL LOGISTICS SYSTEM CO.,
LTD.(115611-0038892) DCT CO., LTD.(144711-0015786) DONGBU GWANGYANG STEEL DISTRIBUTION CENTER
CO., LTD.(204611-0027649) BAIKSAN ITS CO., LTD.(110111-2585630) DONGBU INSURANCE CO., LTD.(110111-0095285) DONGBU AUTOMOBILE INSURANCE CLAIM
ADJUSTMENT CO., LTD.(110111-0367402) DONGBU SECURITIES CO., LTD.(110111-0339956) DONGBU MUTUAL SAVING BANK (110111-0135627) DONGBU ASSET MANAGEMENT CO., LTD.
(110111-1363160) DONGBU CNI CO., LTD.(110111-1054339) GONGJU ENVIRONMENT CO.,
LTD.(161211-0011288) DONGBU INCHEON PORT TERMINAL CO.,
LTD.(120111-0305327) DONGBU LIFE INSURANCE CO.,
LTD.(110111-0623606) DONGBU CAPITAL CORP. (110111-1220641) DONGBU CO., LTD. (110111-0367212) DONGBU WORLD INC.(110111-0628086) |
(Activity &
Markets)
Not Available.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
|
1 |
Rs.87.50 |
|
Euro |
1 |
Rs.71.32 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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 |
-- |
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.