|
Report Date : |
17.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
KOREA AGRO-FISHERIES & FOOD TRADE CORPORATION |
|
|
|
|
Formerly Known As : |
KOREA AGRO-FISHERIES TRADE CORPORATION |
|
|
|
|
Registered Office : |
27, Gangnam-daero, Seocho-gu, Seoul, Korea AT Center
137-130 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
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 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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. South 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. South 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-Korea Free Trade Agreement was ratified by both governments in 2011 and went into effect in March 2012. Throughout 2012 and 2013 the economy experienced sluggish growth because of market slowdowns in the United States, China, and the Eurozone. The administration in 2014 is likely to face the challenge 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, dominance of large conglomerates (chaebols), and heavy reliance on exports, which comprise about 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”) |
|
Registered
Address |
27, Gangnam-daero, Seocho-gu, Seoul, Korea |
|
Building |
AT Center |
|
Zip Code |
137-130 |
|
Tel |
+82-2-6300-1114 |
|
Fax |
+82-2-6300-1608 |
|
E-mail |
outreach@kati.net; yihjoo@kati.net |
|
Website |
www.at.or.kr |
|
Trading Address |
AT Center, 232, 27, Gangnam-daero, Seocho-gu, Seoul, Korea (Old Address System : AT Center, 232, Yangjae-dong, Seocho-gu, Seoul, Korea (P.O.BOX 3212)) |
|
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 |
|
Fax |
|
|
Other Address-Gyeonggi
Branch |
13-6, Noryangjin-dong, Dongjak-gu, Seoul, Korea |
|
Tel |
+82-2-813-9340 |
|
Fax |
|
|
Other Address-Incheon
Branch |
7-241, Shinheung-dong, Joong-gu, Incheon, Korea |
|
Tel |
+82-32-888-6161 |
|
Fax |
|
|
Other Address-Gangwon
Branch |
370-7 Okcheon-dong, Gangrung, Gangwon-do, Korea |
|
Tel |
+82-33-647-0061 |
|
Fax |
|
|
Other Address-Chungnam
Branch |
942, Dunsan-dong, So-gu, Daejeon, Korea |
|
Tel |
+82-42-488-8542 |
|
Fax |
|
|
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 |
|
Fax |
|
|
Other Address-Jeonbuk
Branch |
249-10, Palbok-dong, Deokjin-gu, Cheonju, Jeonbuk, Korea |
|
Tel |
+82-63-211-6178 |
|
Fax |
|
|
Other Address-Gyungbuk
Branch |
126-4, Shincheon-dong, Dong-gu, Daegu, Korea |
|
Tel |
+82-63-741-5220 |
|
Fax |
|
|
Other Address-Gyungnam
Branch |
815, Munhyun-dong, Nam-gu, Busan, Korea |
|
Tel |
+82-51-632-1282 |
|
Fax |
|
|
Other Address-Jeju
Branch |
977-1, Nohyong-dong, Jeju, Korea |
|
Tel |
+82-64-746-9472 |
|
Fax |
|
|
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 |
|
Sub Business |
|
|
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 104-201, 86, Seongbok 2-ro, 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 |
|
|
|
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Date
of Birth |
|
President |
Mr. |
Kim Jae-Soo |
Male |
Korean |
10/24/2011 |
|
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 |
|
Director |
Mr. |
Park Chul-Soo |
Male |
Korean |
11/04/2013 |
|
Director |
Mr. |
You Choong-Sik |
Male |
Korean |
08/08/2014 |
|
Auditor |
Mr. |
Jung Sang-Bok |
Male |
Korean |
01/20/2014 |
|
Year / Unit :
KRW |
Sales |
Assets |
Net Income |
|
288,404,992,063 |
1,335,263,417,637 |
11,578,197,601 |
|
|
(*)2012 |
251,032,928,019 |
1,296,348,612,279 |
12,032,638,989 |
|
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 |
(*)Figures are based on the K-IFRS
Accounting System.
|
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
12/31/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Total
Assets |
1,335,263,417,637 |
1,296,348,612,279 |
|
|
Current
Assets |
793,706,953,090 |
790,247,265,042 |
|
|
Cash
& Cash Equivalents |
145,194,259,808 |
105,486,380,671 |
|
|
Current
Financial Instruments |
610,486,227,817 |
647,786,801,583 |
|
|
Trade
Receivables & Other Receivables |
34,308,455,480 |
32,118,787,769 |
|
|
Inventories |
1,485,208,599 |
1,639,915,000 |
|
|
Current
Non-Financial Instruments |
2,232,801,386 |
3,215,380,019 |
|
|
Non-Current
Assets |
541,556,464,547 |
506,101,347,237 |
|
|
Non-Current
Financial Instruments |
344,057,664,739 |
334,345,415,258 |
|
|
Long-Term
Trade Receivables & Other Receivables |
3,352,950,282 |
2,858,789,001 |
|
|
Tangibles |
130,016,198,553 |
116,482,851,343 |
|
|
Investment_Related
Companies |
22,336,013,950 |
14,016,122,250 |
|
|
Deferred
Income Tax Assets |
5,842,604,448 |
7,007,805,354 |
|
|
Non-Current
Non-Financial Instruments |
35,951,032,575 |
31,390,364,031 |
|
|
Total
Liabilities |
1,103,962,077,638 |
1,075,894,572,414 |
|
|
Current
Liabilities |
686,474,897,047 |
666,352,838,701 |
|
|
Trade
Payables & Other Payables |
37,946,890,716 |
34,144,732,924 |
|
|
Other
Current Financial Debts |
633,232,905,819 |
614,391,632,241 |
|
|
Deferred
Income Tax Credit |
435,316,064 |
3,014,781,411 |
|
|
Other
Current Non-Financial Debts |
5,986,490,528 |
6,381,050,841 |
|
|
Current
Portion of Provisions |
8,873,293,920 |
8,420,641,284 |
|
|
Non-Current
Liabilities |
417,487,180,591 |
409,541,733,713 |
|
|
Long-Term
Trade Payables & Other Payables |
18,532,959,807 |
18,438,991,407 |
|
|
Other
Non-Current Financial Debts |
397,491,952,981 |
387,781,604,419 |
|
|
Confirmed
Salaries |
1,462,267,803 |
3,321,137,887 |
|
|
Capital
Stock |
130,440,000,000 |
130,440,000,000 |
|
|
Profit
Surplus |
101,427,993,258 |
90,494,590,744 |
|
|
Others |
-566,653,259 |
-480,550,879 |
|
|
Total
Equity |
231,301,339,999 |
220,454,039,865 |
|
|
Liab.
& Shareholder’s Equity |
1,335,263,417,637 |
1,296,348,612,279 |
|
|
Income Statement |
|||
|
Unit : Korean
Won |
As of
12/31/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Sales |
288,404,992,063 |
251,032,928,019 |
|
|
Cost
of Sold Goods |
263,494,614,215 |
226,134,944,042 |
|
|
Gross
Profit |
24,910,377,848 |
24,897,983,977 |
|
|
Selling
& Admin. Expenses |
13,925,040,541 |
14,754,818,555 |
|
|
Operating
Income |
10,985,337,307 |
10,143,165,422 |
|
|
Other
Income |
350,962,298 |
1,270,173,087 |
|
|
Other
Expenses |
415,308,035 |
607,236,110 |
|
|
Other
Profits |
-832,155,244 |
-200,256,618 |
|
|
Finance
Income |
6,231,114,564 |
6,275,213,542 |
|
|
Finance
Expenses |
431,263,793 |
163,888,057 |
|
|
Income
Before Taxes |
15,888,687,097 |
16,717,171,266 |
|
|
Income
Taxes Expenses |
-4,310,489,496 |
-4,684,532,277 |
|
|
Net
Income |
11,578,197,601 |
12,032,638,989 |
|
|
Cash Flows |
|||
|
Unit : Korean
Won |
As of
12/31/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Operating
Activities Cash Flows |
14,183,063,485 |
16,076,324,339 |
|
|
Cash
Flows from Operating |
5,044,257,630 |
2,391,065,250 |
|
|
Net
Income |
11,578,197,601 |
12,032,638,989 |
|
|
-Exp.
without Cash Outflow |
67,707,654,507 |
56,290,927,985 |
|
|
-Revenue
without Cash Inflows |
-61,024,403,089 |
-50,191,104,671 |
|
|
Changes
in Asset/ & Liability |
-13,217,191,389 |
-15,741,397,053 |
|
|
Interests
Received |
34,484,737,926 |
36,907,800,863 |
|
|
Interests
Paid |
-17,450,307,171 |
-16,832,502,504 |
|
|
Dividends
Received |
-1,835,134,270 |
-1,556,168,600 |
|
|
Income
Taxes |
-6,060,490,630 |
-4,833,870,670 |
|
|
Cash
Flows from Investing |
-3,026,806,488 |
-114,698,106,978 |
|
|
Cash
Inflow from Investing |
778,455,146,909 |
730,993,921,932 |
|
|
Cash
Outflows for Investing |
-781,481,953,397 |
-845,692,028,910 |
|
|
Cash
Flows from Financing |
28,551,622,140 |
112,033,699,249 |
|
|
Cash
Inflows from Financing |
719,030,200,000 |
765,190,000,000 |
|
|
Cash
Outflows from Financing |
-690,478,577,860 |
-653,156,300,751 |
|
|
Increase/Decrease
in Cash |
39,707,879,137 |
13,411,916,610 |
|
|
Cash
at the Beginning of Year |
105,486,380,671 |
92,074,464,061 |
|
|
Cash
at the End of Year |
145,194,259,808 |
105,486,380,671 |
|
|
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 |
|
Detailed
Products Spec. |
|
|
Technologies
Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
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 |
|
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 |
|
Liaison Office |
|
|
Overseas
Branch |
|
|
Joint Venture |
|
|
Subsidiary |
KOREA
AGRO-TRADE CENTER, SINGAPORE (100.0% held by
the subject company) KOREA
AGRO-TRADE CENTER, ROTTERDAM (100.0% held
by the subject company) QINGDAO
AGRO-TRADE LOGISTICS CO., LTD.(CHINA) (100.0% held
by the subject company) USA GRAIN
COMPANY (55.0% held by
the subject company) |
|
Corporate
Ownership |
The Ministry
of Finance & Economy(The Republic of Korea) |
|
Major
Shareholders |
The Ministry
of Finance & Economy(The Republic of Korea) |
|
Cooperative
Enterprise |
-Insured
Company HYUNDAIMARINE&FIREINSURANCECO., LTD.(110111-0035893) |
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.61.48 |
|
|
1 |
Rs.98.24 |
|
Euro |
1 |
Rs.78.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIT |
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.