|
Report No. : |
334358 |
|
Report Date : |
01.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
KOREA AGRO-FISHERIES & FOOD TRADE
CORPORATION |
|
|
|
|
Registered Office : |
227,
Munhwa-Ro, Naju-Si, Jeollanam-Do, AT Center |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
16.01.1980 |
|
|
|
|
Com. Reg. No.: |
106-82-00944 |
|
|
|
|
Legal Form : |
Corporation established by the government |
|
|
|
|
Line of Business : |
Administration of Agricultural, Forestry, Fishing and Hunting Affairs. (Agricultural & Fishery Products, Administration of Agricultural,
Forestry, Fishing and Hunting Affairs) |
|
|
|
|
No. of Employees : |
612 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
economic 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. A system of close government and business ties,
including directed credit and import restrictions, initially 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 7% 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 over 6% growth in
2010. The US-Korea Free Trade Agreement was ratified by both governments in
2011 and went into effect in March 2012. Between 2012 and 2014, the economy
experienced slow growth due to sluggish domestic consumption and investment.
The administration in 2015 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 the heavy reliance on exports, which comprise about half of
GDP. In an effort to address the long term challenges and sustain economic
growth, the current government has prioritized structural reforms,
deregulation, promotion of entrepreneurship and creative industries, and the
competitiveness of small and medium enterprises.
|
Source
: CIA |
|
Company
Name |
KOREA AGRO-FISHERIES & FOOD TRADE
CORPORATION (Trade Name : AT) (Ex.
Company Name : KOREA AGRO-FISHERIES TRADE CORPORATION) |
|
Registered Address |
227,
Munhwa-ro, Naju-si, Jeollanam-do, Korea (Old Address System : 347, Bitgaram-dong, Naju-si,Jeollanam-do, Korea) |
|
Building |
AT Center |
|
Zip Code |
520-350 |
|
Tel |
+82-61-931-1114 |
|
Fax |
+82-61-931-1299 |
|
E-mail |
outreach@kati.net;yihjoo@kati.net |
|
Website |
www.at.or.kr |
|
Trading Address |
227,
Munhwa-ro, Naju-si, Jeollanam-do, Korea (Old Address System : 347, Bitgaram-dong, Naju-si,Jeollanam-do, Korea) |
|
Tel |
+82-61-931-1114 |
|
Fax |
+82-61-931-1299 |
|
Other Address-Cyber Exchange Branch |
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-Seoul & Gyeonggi Branch |
25, Hangang-daero 30-gil, Yongsan-gu, Seoul, Korea (Old Address System : 419, Hangangno 2-ga, Yongsan-gu, Seoul, Korea) |
|
Tel |
+82-2-820-2300 |
|
Fax |
+82-2-813-7183 |
|
Other Address-Agricultural Marketing Training Institute |
148-1, Dangsu-dong, Kweunsun-gu, Suwon, Gyeonggi, Korea |
|
Tel |
+82-31-4003512 |
|
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) |
68,337,825,550 |
|
Employees |
612 |
|
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 01/01/2014
Moved to the present registered HQ address from 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)) 12/05/2014
Decreased capital to 68,337,825,550 KRW from 130,440,000,000 KRW |
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Date of Birth |
|
President |
Mr. |
Kim Jae-Soo |
Male |
Korean |
10/24/2011 |
|
Director |
Mr. |
Kim Dong-Yeol |
Male |
Korean |
08/08/2014 |
|
Director |
Mr. |
Kim Jin-Young |
Male |
Korean |
12/15/2014 |
|
Director |
Mr. |
Kim Kyung-Yeob |
Male |
Korean |
01/05/2015 |
|
Director |
Mr. |
Noh Jae-Sun |
Male |
Korean |
01/05/2015 |
|
Director |
Mr. |
Ha Tae-Jong |
Male |
Korean |
01/05/2015 |
|
Director |
Mr. |
Kim Joon-Bong |
Male |
Korean |
02/11/2015 |
|
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 |
|
299,610,684,807 |
1,178,492,303,243 |
16,860,962,882 |
|
|
(*)2013 |
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) |
68,337,825,550 |
|
Total Issued Shares |
Not Applicable to the entity |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total
Assets |
1,178,492,303,243 |
1,335,263,417,637 |
1,296,348,612,279 |
|
Current Assets |
573,404,422,818 |
793,706,953,090 |
790,247,265,042 |
|
Cash
& Cash Equivalents |
32,174,598,527 |
145,194,259,808 |
105,486,380,671 |
|
Current
Financial Instruments |
486,617,913,421 |
610,486,227,817 |
647,786,801,583 |
|
Trade
Receivables & Other Receivables |
41,240,902,186 |
34,308,455,480 |
32,118,787,769 |
|
Inventories |
11,268,316,637 |
1,485,208,599 |
1,639,915,000 |
|
Current
Non-Financial Instruments |
2,102,692,047 |
2,232,801,386 |
3,215,380,019 |
|
Non-Current Assets |
605,087,880,425 |
541,556,464,547 |
506,101,347,237 |
|
Non-Current
Financial Instruments |
375,927,927,656 |
344,057,664,739 |
334,345,415,258 |
|
Long-Term
Trade Receivables & Other Receivables |
9,845,553,391 |
3,352,950,282 |
2,858,789,001 |
|
Tangibles |
147,646,109,947 |
130,016,198,553 |
116,482,851,343 |
|
Investment_Related
Companies |
20,000,000,000 |
22,336,013,950 |
14,016,122,250 |
|
Deferred
Income Tax Assets |
7,424,422,307 |
5,842,604,448 |
7,007,805,354 |
|
Non-Current
Non-Financial Instruments |
44,243,867,124 |
35,951,032,575 |
31,390,364,031 |
|
Total Liabilities |
998,305,112,936 |
1,103,962,077,638 |
1,075,894,572,414 |
|
Current Liabilities |
618,125,150,100 |
686,474,897,047 |
666,352,838,701 |
|
Trade
Payables & Other Payables |
29,532,142,606 |
37,946,890,716 |
34,144,732,924 |
|
Other
Current Financial Debts |
571,814,285,360 |
633,232,905,819 |
614,391,632,241 |
|
Deferred
Income Tax Credit |
3,685,118,595 |
435,316,064 |
3,014,781,411 |
|
Other
Current Non-Financial Debts |
3,246,116,228 |
5,986,490,528 |
6,381,050,841 |
|
Current
Portion of Provisions |
9,847,487,311 |
8,873,293,920 |
8,420,641,284 |
|
Non-Current Liabilities |
380,179,962,836 |
417,487,180,591 |
409,541,733,713 |
|
Long-Term
Trade Payables & Other Payables |
19,318,755,940 |
18,532,959,807 |
18,438,991,407 |
|
Other
Non-Current Financial Debts |
354,579,034,962 |
397,491,952,981 |
387,781,604,419 |
|
Confirmed
Salaries |
6,282,171,934 |
1,462,267,803 |
3,321,137,887 |
|
Capital Stock |
68,337,825,550 |
130,440,000,000 |
130,440,000,000 |
|
Profit
Surplus |
112,437,196,172 |
101,427,993,258 |
90,494,590,744 |
|
Others |
-587,831,415) |
-566,653,259) |
-480,550,879 |
|
Total
Equity |
180,187,190,307 |
231,301,339,999 |
220,454,039,865 |
|
Liab.
& Shareholder’s Equity |
1,178,492,303,243 |
1,335,263,417,637 |
1,296,348,612,279 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
299,610,684,807 |
288,404,992,063 |
251,032,928,019 |
|
Cost of Sold Goods |
276,476,403,970 |
263,494,614,215 |
226,134,944,042 |
|
Gross Profit |
23,134,280,837 |
24,910,377,848 |
24,897,983,977 |
|
Selling & Admin. Expenses |
12,701,847,236 |
13,925,040,541 |
14,754,818,555 |
|
Operating Income |
10,432,433,601 |
10,985,337,307 |
10,143,165,422 |
|
Non-Operating Income |
14,107,745,769 |
6,606,071,862 |
|
|
Non-Operating Expenses |
2,788,849,891 |
1,702,722,072 |
|
|
Income Before Taxes |
21,751,329,479 |
15,888,687,097 |
16,717,171,266 |
|
Income Taxes Expenses |
4,890,366,597 |
4,310,489,496 |
4,684,532,277 |
|
Net Income |
16,860,962,882 |
11,578,197,601 |
12,032,638,989 |
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
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 |
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Detailed Products Spec. |
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Technologies Acquired |
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Suppliers |
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Customers |
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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 |
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Affiliates |
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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 |
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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) |
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Corporate Ownership |
The Ministry of Finance & Economy(The
Republic of Korea) |
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Major Shareholders |
The Ministry of Finance & Economy(The
Republic of Korea) |
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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.
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.01 |
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|
1 |
Rs.99.84 |
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Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
NIT |
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.