|
Report Date : |
18.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
KOREA AGRO-FISHERIES & FOOD TRADE
CORPORATION |
|
|
|
|
Formerly Known As : |
KOREA AGRO-FISHERIES TRADE CORPORATION |
|
|
|
|
Registered Office : |
232, Yangjae-dong, Seocho-gu, Seoul, Korea, AT Center, Zip Code 137-130 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
16.01.1980 |
|
|
|
|
Com. Reg. No.: |
106-82-00944 |
|
|
|
|
Legal Form : |
Corporation established by the government |
|
|
|
|
Line of Business : |
Subject is engaged in
Agricultural & Fishery Products, Administration of Agricultural,
Forestry, Fishing and Hunting Affairs |
|
|
|
|
No. of Employees : |
570 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 is
currently the world's 12th largest economy. 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. Korea''s export focused economy was hit hard by the 2008 global economic
downturn, but quickly rebounded in subsequent years, reaching 6.3% growth in
2010. The US-South Korea Free Trade Agreement was ratified by both governments
in 2011 and went into effect in March 2012. Throughout 2012 the economy
experienced sluggish growth because of market slowdowns in the United States,
China, and the Eurozone. The incoming administration in 2013, following the
December 2012 presidential election, is likely to face the challenges of
balancing heavy reliance on exports with developing domestic-oriented sectors,
such as services. 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 |
|
Company Name |
KOREA AGRO-FISHERIES & FOOD TRADE
CORPORATION (Trade Name : AT) (Ex. Company Name : KOREA AGRO-FISHERIES
TRADE CORPORATION, “농수산물유통공사”) (Korean Company Name : “농수산식품유통공사”) |
|
Registered
Address |
232, Yangjae-dong, Seocho-gu, Seoul, Korea |
|
Building |
AT
Center |
|
Zip Code |
137-130 |
|
Tel |
+82-2-6300-1114 |
|
Fax |
+82-2-6300-1608 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
AT Center, 232, Yangjae-dong, Seocho-gu,
Seoul, Korea (P.O.BOX 3212) (New Address System : 27, Gangnam-daero, Seocho-gu, Seoul, Korea) |
|
Tel |
+82-2-6300-1114 |
|
Fax |
+82-2-6300-1608 |
|
Other Address-Agricultural Marketing Training Institute |
148-1,
Dangsu-dong, Kweunsun-gu, Suwon, Gyeonggi, Korea |
|
Tel |
+82-31-4003512 |
|
Other Address-Gyeonggi Branch |
13-6,
Noryangjin-dong, Dongjak-gu, Seoul, Korea |
|
Tel |
+82-2-813-9340 |
|
Other Address-Incheon Branch |
7-241,
Shinheung-dong, Joong-gu, Incheon, Korea |
|
Tel |
+82-32-888-6161 |
|
Other Address-Gangwon Branch |
370-7
Okcheon-dong, Gangrung, Gangwon-do, Korea |
|
Tel |
+82-33-647-0061 |
|
Other Address-Chungnam Branch |
942,
Dunsan-dong, So-gu, Daejeon, Korea |
|
Tel |
+82-42-488-8542 |
|
Other Address-Chungbuk Branch |
211-5,
Songjeong-dong, Heungdeok-gu, Cheongju-si, Chungcheongbuk-do, Korea |
|
Tel |
+82-43-273-4556 |
|
Fax |
+82-43-266-2458 |
|
Other Address-Jeonnam Branch |
1607-1,
Woosan-dong, Gwangsan-gu, Gwangju, Korea |
|
Tel |
+82-62-944-2621 |
|
Other Address-Jeonbuk Branch |
249-10,
Palbok-dong, Deokjin-gu, Cheonju, Jeonbuk, Korea |
|
Tel |
+82-63-211-6178 |
|
Other Address-Gyungbuk Branch |
126-4,
Shincheon-dong, Dong-gu, Daegu, Korea |
|
Tel |
+82-63-741-5220 |
|
Other Address-Gyungnam Branch |
815,
Munhyun-dong, Nam-gu, Busan, Korea |
|
Tel |
+82-51-632-1282 |
|
Other Address-Jeju Branch |
977-1,
Nohyong-dong, Jeju, Korea |
|
Tel |
+82-64-746-9472 |
|
Type |
Export/Import |
|
Industry |
Administration
of Agricultural, Forestry, Fishing and Hunting Affairs |
|
Main Business |
Agricultural
& Fishery Products, Administration of Agricultural, Forestry, Fishing and
Hunting Affairs |
|
Established
(mm/dd/yyyy) |
01/16/1980 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Public administration(93151500) -Public
Administration Services Agricultural and fishery products price stabilization
support services |
|
Sell |
Trade
shows and exhibits(80141900) |
|
Sell |
Aid
financing(84101600) |
|
Sell |
National
food intervention policy or programs(85151704) |
|
Sell |
Commodity
policy or projections services(80151501) |
|
Sell |
Distribution(80141700) |
|
Sell |
Development
assistance(84101500) |
|
Sell |
Commercial
sector manpower development(86101804) |
|
Sell |
World
wide web WWW site operation host services(81112105) |
|
Name |
Kim Jae-Soo |
|
Address |
Suite
307-102, 726, Seongbok-dong, Suji-gu, Yongin-si,
Gyeonggi-do, Korea |
|
Date of Birth |
02/20/1957 |
|
Title |
President |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
130,440,000,000 |
|
Employees |
570 |
|
Formation |
Corporation established by the government |
|
Bank Details |
The National Agricultural Cooperative Federation (Nonghyup Bank)-aT Center Branch Korea Exchange Bank |
|
Corporate Registered No. |
114271-0001826 |
|
Business Registered No. |
106-82-00944 |
|
Permit & Licenses |
Int’l Trade No.: 871002 |
|
Shareholder Position |
The Ministry of Finance & Economy(The
Republic of Korea) has 100% shares. |
|
Company History |
11/30/1967:Founded as Agriculture & Fishery
Development Corporation (AFDC) according to the “Law of Agriculture &
Fishery Development Corporation” 08/1978:Implemented Price Stabilization
Program 01/16/1980: Incorporated as the present
name 03/1984:Initiated Marketing Promotion
Program 04/1985:Established Training Institute for
Agricultural Marketing 12/31/1986:Reborn as Agricultural and
Fishery Marketing Corporation (AFMC) for the Settlement of Marketing &
Promotional Functions 06/1991:Opened Flower Marketing Center 01/1992:Expanded Export Promotion Program 10/2002:Opened
Agro-Trade & Exhibition Center, Seoul and moved to the present address 05/2005:Company
name changed to Korea Agro-Fisheries Trade Corporation(aT) 02/25/2011
Increased capital to 86,200,000,000 KRW from 66,200,000,000 KRW 01/26/2012
Changed company name to the present name 03/31/2012
Increased capital to 108,320,000,000 KRW from 86,200,000,000 KRW 06/30/2012
Increased capital to 130,440,000,000 KRW
from 108,320,000,000
KRW |
|
|
|
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Date
of Birth |
|
President |
Mr. |
Kim Jae-Soo |
Male |
Korean |
10/24/2011 |
|
Director |
Mr. |
Kang Kyung-Koo |
Male |
Korean |
09/30/2010 |
|
Director |
Mr. |
Baik Hyun-Ki |
Male |
Korean |
09/30/2010 |
|
Director |
Mr. |
Cho Pyung-Hee |
Male |
Korean |
01/12/2011 |
|
Director |
Mr. |
Park Jong-Seo |
Male |
Korean |
03/15/2011 |
|
Director |
Mr. |
Kim Yang-Hwan |
Male |
Korean |
08/24/2011 |
|
Director |
Mr. |
Hur Hoon-Moo |
Male |
Korean |
12/08/2011 |
|
Director |
Mr. |
Yoon Jung-In |
Male |
Korean |
09/12/2012 |
|
Director |
M/S. |
Jang Jung-Ok |
Female |
Korean |
10/09/2012 |
|
Director |
Mr. |
Jung Jong-Soo |
Male |
Korean |
10/09/2012 |
|
Director |
Mr. |
Moon Jin-Young |
Male |
Korean |
11/02/2012 |
|
Director |
Mr. |
Kang Sang-Jo |
Male |
Korean |
01/12/2013 |
|
Auditor |
Mr. |
Lee Kook-Hee |
Male |
Korean |
05/20/2011 |
|
Year / Unit
: KRW |
Sales |
Assets |
Net Income |
|
234,933,284,251 |
1,296,845,991,159 |
12,382,749,512 |
|
|
2011 |
220,779,776,245 |
1,168,803,059,362 |
11,195,408,437 |
|
2010 |
217,700,902,183 |
1,055,032,399,256 |
10,259,456,674 |
|
2009 |
190,037,253,406 |
1,000,646,528,868 |
5,115,849,961 |
|
2008 |
158,863,677,483 |
909,595,008,406 |
8,595,614,573 |
|
2007 |
239,421,402,739 |
865,089,245,149 |
5,612,702,268 |
|
2006 |
139,257,975,630 |
893,802,764,371 |
4,963,820,829 |
|
2005 |
230,179,988,391 |
845,018,486,995 |
2,040,501,551 |
|
2004 |
200,182,813,925 |
875,117,428,640 |
2,023,936,612 |
|
Authorized Capital(KRW) |
300,000,000,000 |
|
Paid-Up Capital(KRW) |
130,440,000,000 |
|
Total Issued Shares |
Not
Applicable to the entity |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of
12/31/2012 |
As of
12/31/2011 |
As of
12/31/2010 |
|
Total Assets |
1,296,845,991,159 |
1,168,803,059,362 |
1,055,032,399,256 |
|
Current Assets |
796,355,865,003 |
771,711,091,656 |
732,608,380,337 |
|
-Quick
Assets |
794,715,950,003 |
770,343,541,656 |
732,198,500,337 |
|
-Inventories |
1,639,915,000 |
1,367,550,000 |
409,880,000 |
|
Fixed
Assets |
500,490,126,156 |
397,091,967,706 |
322,424,018,919 |
|
-Investment |
379,457,615,730 |
293,495,019,975 |
228,020,607,901 |
|
-Tangibles |
116,482,851,343 |
99,938,286,926 |
94,403,411,018 |
|
-Intangibles |
4,549,659,083 |
3,658,660,805 |
- |
|
Total Liabilities |
1,068,885,549,245 |
994,317,051,341 |
911,073,769,182 |
|
Current Liabilities |
662,631,513,351 |
675,192,238,181 |
653,244,562,472 |
|
Fixed Liabilities |
406,254,035,894 |
319,124,813,160 |
257,829,206,710 |
|
Capital Stock |
130,440,000,000 |
86,200,000,000 |
66,200,000,000 |
|
Capital Surplus |
168,490,176 |
168,490,176 |
168,490,176 |
|
Profit Surplus |
97,796,570,607 |
88,081,585,835 |
77,912,125,138 |
|
Others |
-444,618,869) |
35,932,010 |
-321,985,240) |
|
Total Equity |
227,960,441,914 |
174,486,008,021 |
143,958,630,074 |
|
Liab. & Shareholder’s Equity |
1,296,845,991,159 |
1,168,803,059,362 |
1,055,032,399,256 |
|
Current Liabilities |
662,631,513,351 |
675,192,238,181 |
653,244,562,472 |
|
Short-Term Borrowings |
566,215,775,100 |
588,359,518,960 |
579,574,387,730 |
|
Account Payables |
33,647,574,634 |
28,539,744,338 |
26,948,084,902 |
|
Advance Receipts |
710,190,771 |
910,328,420 |
587,806,660 |
|
Withholdings |
5,086,072,431 |
5,522,560,589 |
5,709,273,956 |
|
Accrued Expenses |
5,196,474,224 |
4,624,604,766 |
4,356,166,055 |
|
Accrued Income Tax |
3,014,781,411 |
2,014,949,120 |
1,671,098,677 |
|
Unearned Income |
74,509,000 |
81,737,510 |
28,011,073 |
|
Current Portion of Long-Term Debts |
48,175,857,141 |
44,536,748,595 |
33,151,865,720 |
|
Other Current Liabilities |
510,278,639 |
602,045,883 |
1,217,867,699 |
|
Fixed Liabilities |
406,254,035,894 |
319,124,813,160 |
257,829,206,710 |
|
Long-Term Borrowings |
387,781,604,419 |
301,483,269,856 |
240,246,228,280 |
|
Provision for Severance & Retirement |
35,097,663,492 |
31,259,250,352 |
27,019,856,302 |
|
Leasehold Deposit Received |
18,438,991,407 |
17,538,507,984 |
17,571,535,775 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of
12/31/2012 |
As of
12/31/2011 |
As of
12/31/2010 |
|
Sales |
234,933,284,251 |
220,779,776,245 |
217,700,902,183 |
|
Cost of Sold Goods |
210,430,090,997 |
198,405,919,736 |
197,018,649,539 |
|
Gross Profit |
24,503,193,254 |
22,373,856,509 |
20,682,252,644 |
|
Selling & Admin. Expenses |
14,764,039,541 |
13,396,936,118 |
12,149,914,906 |
|
Operating Income |
9,739,153,713 |
8,976,920,391 |
8,532,337,738 |
|
Non-Operating Income |
8,487,167,987 |
6,925,634,916 |
5,663,149,631 |
|
Non-Operating Expenses |
1,004,808,649 |
905,420,988 |
801,790,769 |
|
Income Before Taxes |
17,221,513,051 |
14,997,134,319 |
13,393,696,600 |
|
Income Taxes Expenses |
4,838,763,539 |
3,801,725,882 |
3,134,239,926 |
|
Net Income |
12,382,749,512 |
11,195,408,437 |
10,259,456,674 |
Cash
Flows
|
|||
|
Unit : Korean Won |
As of
12/31/2012 |
As of
12/31/2011 |
As of
12/31/2010 |
|
Cash Flows from Operating |
18,645,205,007 |
6,807,046,917 |
15,559,296,134 |
|
-Net Income |
12,382,749,512 |
11,195,408,437 |
10,259,456,674 |
|
-Exp. without Cash Outflow |
11,128,917,836 |
9,773,965,767 |
10,864,594,340 |
|
-Revenue without Cash Inflows |
-33,427,864 |
-11,340,386 |
-167,532 |
|
-Changes in Asset/ & Liability |
-4,833,034,477 |
-14,150,986,901 |
-5,564,587,348 |
|
Cash Flows from Investing |
- 114,698,106,978 |
-122,263,897,748 |
-32,965,658,347 |
|
-Cash Inflow from Investing |
730,993,921,932 |
658,544,604,036 |
65,485,543,550 |
|
-Cash Outflows for Investing |
- 845,692,028,910 |
-780,808,501,784 |
-98,451,201,897 |
|
Cash Flows from Financing |
110,477,530,649 |
100,381,107,941 |
31,968,948,390 |
|
-Cash Inflows from Financing |
765,190,000,000 |
743,231,000,000 |
674,051,000,000 |
|
-Cash Outflows from Financing |
- 654,712,469,351 |
-642,849,892,059 |
-642,082,051,610 |
|
Increase/Decrease in Cash |
14,424,628,678 |
-15,075,742,890 |
14,562,586,177 |
|
Cash at the Beginning of Year |
95,761,067,927 |
110,836,810,817 |
96,274,224,640 |
|
Cash at the End of Year |
110,185,696,605 |
95,761,067,927 |
110,836,810,817 |
|
Main Products & Services |
aT(Korea Agro-Fisheries Trade Corp.) is a wholly
government-invested enterprise responsible for agricultural marketing
services and international trade. aT provides publicly-profitable support
services in agricultural marketing sector. The Subject has performed its own
export sales as well as undertaking export agent functions for a large number
of small and medium size agro-processors. |
|
Main Products & Services |
-Price Stabilization Financial Support Method : Provision of raw material
procurement loans Beneficiaries : Companies in the private agro-processing
industry who purchase, store, and process designated items Direct Procurement Items : Red pepper, garlic, onion, seaweed,
anchovies, and other staples Method : Disbursement of the agricultural
product price stabilization fund during peak harvest seasons Storage Facilities : 20 aT warehouses located in
Seoul, Busan, Daegu, Gwangju, Jeonju, Incheon, Daejon, and I-Cheon Capacity : 60,000 M/T per shift Release Methods : Auction, direct sale, and
wholesale market distribution Period : When prices are rising in the off
season Beneficiaries : Wholesalers, retailers, and
bulk consumers Import Items : Products with poor harvests or weak
domestic production bases (e.g., sesame seed, red bean, soybean) and MMA/CMA
imports such as red pepper, garlic, and onion Period : Year-round, according to each
item's domestic market situation -Foreign Trade Promotion Operation of Overseas Agri-Trade Center Locations : Japan (Tokyo, Osaka),
Netherlands (Rotterdam), U.S.A. (New York, LA), Russia (Moscow), Singapore,
and China (Beijing, Shanghai) Roles : Collection of agricultural &
fishery trade information, promotion of sales, and public relations
development in overseas markets Methods : Participating in major
international exhibitions, improving packaging design, operating Korean
traditional food exhibitions and temporary overseas exhibitions, advertising
in popular foreign food magazines,
and installing export public relation towers in important partner trading
countries Effects : Developing overseas markets and
improving the image of Korean agricultural & fishery products Development of Marketable Item Method : Testing Korean foods in overseas
markets and modifying their taste and quality to meet consumer preferences Items : Competitive export products such as
fruits (apples, pears), vegetables (egg plants, cucumbers), flowers (lilies,
roses), and processed foods (kimchi, ginseng-chicken soup) Collection & Dissemination of Trade
Information Data collected : Domestic and overseas
production levels, prices, and import/export market situations for each
prospective foreign trade item Publishing Methods : Korea Agricultural
Trade Information (KATI) network Korea Agriculture and Food Monthly Magazine Operation of Agro-Trade & Exhibition
Center Location : Yang Jae-dong (Seoul) Function : Promotion of foreign trade in
the agro-fishery industry Launch Year : 2001 Major Facilities : Exhibition halls,
Conference rooms, Agro-Trade information center, Agro-Trade office building,
Export Publicity Pavilion |
|
Main Products & Services |
-Marketing Support Wholesale Market Guidance & Support Financial Assistance : Wholesale market
construction loans, advanced payment loans, and shipping promotion loans Market Support : Farm products collection
and distribution activities (in respect of fair trading practices) Auctioneer Management : Education and
qualifying examinations for auctioneers Personnel Training Training Organization : Agricultural
Marketing Training Institute (Est. 1985) Trainees : Government officials,
auctioneers, jobbers, and marketing personnel in the field of production Collection & Dissemination of market
Information Scope of Enumeration: Cultivation areas,
crop situations, supply levels, and shipping trends of 20 major agricultural
and fishery products Distribution channels and wholesale/retail
prices of 70 selected items Standardization of Physical Distribution Standardized Practices : Transportation,
storage, loading, unloading, packaging, and marketing Flower Marketing Center Location : Yang Jae-dong (Seoul) Functions : Providing flower marketing
loans and price information, holding flower fairs and exhibitions, ensuring
the fair trade of flowers by competitive auction and improvement of the
marketing system, and providing an export base for prospective items such as
lilies and roses Main Facilities : Auction hall, jobber
shops, cut flower sales space, green houses, and ornamental gardens -Food Industry Support Supporting Food Processing Companies in
Rural Industrial Complex Selection of Qualified Firms : Based on
business feasibility of food processing companies who apply to set up plants
in rural industrial complexes Supporting Methods : Provision of facility
investment loans, business management and technology information services,
and sales promotion Development of Food processing Companies in
Production Areas Selection of Qualified Firms : Based on
business feasibility of applicants Supporting Methods : Provision of financial
support, managerial guidance, sales promotion, personnel training,
information services, and operation of consultation councils |
|
Competitors |
NATIONAL AGRICULTURAL COOPERATIVE
FEDERATION 75, CHUNGJEONGNO 1-GA, JUNG-GU, SEOUL,
KOREA TEL:+82-2-2080-5114 FAX:+82-2-2080-6016 KOREA AGRICULTURAL COOPERATIVE MARKETING,
INC. NONGHYUP HANARO CLUB, 230, YANGJAE 2-DONG,
SEOCHO-GU, SEOUL, KOREA TEL:+82-2-3498-1000 FAX:+82-2-3498-1210 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Overseas Office |
KOREA AGRO-TRADE CENTER, ROTTERDAM VARESEWEG 1, 3047 AT ROTTERDAM, THE
NETHERLANDS TEL : 001-31-10-415-1091 KOREA AGRO-TRADE CENTER, NEW YORK 107 NORTHERN BLVD. SUITE 405 GREAT NECK, NY
11021, USA TEL : 001-1-516-829-1633 KOREA AGRO-TRADE CENTER, SINGAPORE 101 CECIL ST., #22-10,11,12 TONG ENG B/D
SINGAPORE 069533 TEL : 001-65-324-0402 KOREA AGRO-TRADE CENTER, BEIJING BEIJING SILVER TOWER ROOM 1506, #2, NORTH
DONGSANHUAN RD, BEIJING, 100027, CHINA TEL : 001-86-10-6410-6120 KOREA AGRO-TRADE CENTER, SHANGHAI ROOM 3112, NEW TOWN CENTER NO.83, #2, LOU
SHAN GUAN RD., CHANGNING DISTRICT, SHANGHAI, 200336, CHINA TEL :
86-21-6236-8341-2 KOREA AGRO-TRADE CENTER, TOKYO 5F, DAVINCI SHINJUKU GYOEN, 1-5-1,
SHINJUKU, SHINJUKU-KU, TOKYO, 160-0022, JAPAN TEL : 001-81-3-5367-6656 KOREA AGRO-TRADE CENTER, OSAKA 6F, NOMURA FUDOUSAN OSAKA BLDG. 1-8-15,
AZUCHIMACHI, CHUOU-KU, OSAKA, JAPAN TEL : 001-81-6-6260-7661 KOREA AGRO-TRADE CENTER, L.A. HUNTINGTON PLAZA, 5762 BOLSA AVE. #101
HUNTINGTON BEACH CA 92649, USA TEL : 001-1-714-901-7717 KOREA AGRO-TRADE CENTER, MOSCOW KRASNOPRESNENSKAYA NAB., 12, ENT.B, #1002,
MOSCOW, RUSSIA, 123610 TEL : 7-095-258-1397 |
|
Subsidiary |
KOREA AGRO-TRADE CENTER, SINGAPORE KOREA AGRO-TRADE CENTER, ROTTERDAM |
|
Cooperative Enterprise |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO.,
LTD.(110111-0005078) GREEN
NON-LIFE INSURANCE CO., LTD(110111-0007082) |
(Activity & Markets)
The Subject deals with the companies in China, Taiwan, France, Hong
Kong, Japan and USA.
Not Available.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.38 |
|
UK Pound |
1 |
Rs.100.86 |
|
Euro |
1 |
Rs.84.59 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.