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Report Date : |
19.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
A ONE CAF CO., LTD |
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|
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Formerly Known as: |
A ONE KOREA CO.(Sole Proprietorship) |
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|
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Registered Office : |
72, Deokcheon-ro 72beon-gil, Manan-gu, Anyang-si, Gyeonggi-do, Korea, Rm. 704, Dongyoung Venturestel 5-cha, Zip Code 430-815 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
18.10.2000 |
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Com. Reg. No.: |
114-86-03616 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacturer of Natural Processed Spices and Mixed Condiments such as
Natural Color, Aroma Chemical & Spice Oil |
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No. of Employees : |
11 |
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 |
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Status : |
Satisfactory |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 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 |
A ONE CAF CO.,
LTD. (Korean Company Name : “(주)에이원카프”) |
|
Registered Address |
72, Deokcheon-ro 72beon-gil, Manan-gu, Anyang-si, Gyeonggi-do, Korea |
|
Building |
Rm.
704, Dongyoung Venturestel 5-cha |
|
Zip Code |
430-815 |
|
Tel |
+82-31-469-4637 |
|
Fax |
+82-31-469-4784 |
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E-mail |
|
|
Website |
|
|
Trading
Address |
Rm. 704, Dongyoung Venturestel 5-cha, 72,
Deokcheon-ro 72beon-gil, Manan-gu, Anyang-si, Gyeonggi-do, Korea (Old Address System : Rm. 704, Dongyoung Venturestel 5-cha, 199-32,
Anyang 7-dong, Manan-gu, Anyang-si, Gyeonggi-do, Korea) |
|
Tel |
+82-31-469-4637 |
|
Fax |
+82-31-469-4784 |
|
Type |
Export/Import |
|
Industry |
Manufacture
of Natural Processed Spices and Mixed Condiments |
|
Main Business |
Natural
Color, Aroma Chemical &Spice Oil |
|
Established (mm/dd/yyyy) |
10/18/2000 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Amino acids or its derivatives(12352209) |
|
Sell |
Formulas and products for nutritional
support(42231800) |
|
Sell |
Leaf tea(50201710) |
|
Sell |
Food or drug or cosmetic safe FDC dyes(12171504) |
|
Sell |
Chemistry reagents or solutions(41116105) |
|
Sell |
Flavours or extracts(12164502) |
|
Buy |
Mushrooms or fungi(50101541) |
|
Buy |
Herbal drugs(51212000) |
|
Buy |
Fresh fruit(50101634) |
|
Buy |
Fresh vegetables(50101538) |
|
Buy |
Bark(11121705) |
|
Buy |
Floral plants(10161600) |
|
Buy |
Trees and shrubs(10161500) |
|
Name |
Hong
Sung-So |
|
Address |
Suite 1403-1203, 60, Pangyowon-ro
82beon-gil, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Date of Birth |
03/12/1961 |
|
Title |
Representative
Director |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
200,000,000 |
|
Employees |
11 |
|
Formation |
Co.,
Ltd by shares |
|
Bank Details |
S.C First Bank of Korea-Seodaemun Branch Industrial
Bank of Korea-Bisan Dong Branch |
|
Corporate Registered No. |
110111-2092908 |
|
Business Registered No. |
114-86-03616 |
|
Permit & Licenses |
Int’l
Trade No.: 11606527 |
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Shareholder Position |
N/A |
|
Company History |
12/16/1991 Established as A ONE KOREA
CO.(Sole Proprietorship) 10/18/2000 Incorporated as the present name 10/10/2003 Moved to the present HQ address
from 2FL., Daewon Bldg., 944-1, Bangbae-dong, Seocho-gu, Seoul, Korea 12/20/2006 Increased the authorized shares
to 300,000 shares from 40,000 shares |
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|
|
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Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
Representative
Director |
Mr. |
Hong
Sung-So |
Male |
Korean |
03/08/2012 |
|
Year / Unit
: KRW |
Sales |
Assets |
Net Income |
|
4,246,000,000 |
4,104,000,000 |
191,000,000 |
|
|
2011 |
4,617,000,000 |
4,028,000,000 |
202,000,000 |
|
2010 |
4,311,000,000 |
3,854,000,000 |
223,000,000 |
|
2009 |
4,000,000,000 |
|
|
|
2008 |
3,084,000,000 |
2,508,000,000 |
147,000,000 |
|
2007 |
2,919,000,000 |
2,886,000,000 |
155,000,000 |
|
Authorized Capital(KRW) |
1,500,000,000 |
|
Paid-Up Capital(KRW) |
200,000,000 |
|
Total Issues Shares |
40,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of
12/31/2012 |
As of
12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
4,104,000,000 |
4,028,000,000 |
3,854,000,000 |
|
Current Assets |
2,934,000,000 |
2,286,000,000 |
2,031,000,000 |
|
-Quick
Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed
Assets |
1,170,000,000 |
1,742,000,000 |
1,823,000,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
2,049,000,000 |
2,164,000,000 |
2,192,000,000 |
|
Current Liabilities |
1,629,000,000 |
1,744,000,000 |
986,000,000 |
|
Fixed Liabilities |
420,000,000 |
420,000,000 |
1,206,000,000 |
|
Capital Stock |
200,000,000 |
200,000,000 |
200,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
- |
- |
- |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
2,055,000,000 |
1,864,000,000 |
1,662,000,000 |
|
Liab. & Shareholder’s Equity |
4,104,000,000 |
4,028,000,000 |
3,854,000,000 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of
12/31/2012 |
As of
12/31/2011 |
As of
12/31/2010 |
|
Sales |
4,246,000,000 |
4,617,000,000 |
4,311,000,000 |
|
Cost of Sold Goods |
3,065,000,000 |
3,366,000,000 |
3,241,000,000 |
|
Gross Profit |
1,181,000,000 |
1,251,000,000 |
1,070,000,000 |
|
Selling & Admin. Expenses |
906,000,000 |
979,000,000 |
786,000,000 |
|
Operating Income |
275,000,000 |
272,000,000 |
284,000,000 |
|
Non-Operating Income |
25,000,000 |
39,000,000 |
32,000,000 |
|
Non-Operating Expenses |
108,000,000 |
107,000,000 |
93,000,000 |
|
Income Before Taxes |
191,000,000 |
204,000,000 |
223,000,000 |
|
Income Taxes Expenses |
- |
2,000,000 |
- |
|
Net Income |
191,000,000 |
202,000,000 |
223,000,000 |
|
Main Products & Services |
Natural
Color, Aroma Chemical & Spice Oil |
|
Competitors |
COSIS CO., LTD. 384-16, BAEKJA-RI, SUSIN-MYEON, DONGNAM-GU,
CHEONAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-552-1151 FAX:+82-41-552-1153 SEODO BIO NATURAL INGREDIENTS CO., LTD. 15B-19L, BANWOL INDUSTRIAL COMPLEX, 449-3,
MONGNAE-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO, KOREA TEL:+82-31-491-7151 FAX:+82-31-494-5460 SAMYOUNG FOOD MATERIALS IND. CO., LTD. 443-18, DONGEULSAN-RI, TONGJIN-EUP,
GIMPO-SI, GYEONGGI-DO, KOREA TEL:+82-31-987-5434 FAX:+82-31-988-5435 |
(Activity & Markets)
Not Available.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.12 |
|
UK Pound |
1 |
Rs.103.93 |
|
Euro |
1 |
Rs.85.17 |
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.