|
|
|
MIRA INFORM REPORT
|
Report No. : |
501954 |
|
Report Date : |
05.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
KOREA AGRO-FISHERIES & FOOD TRADE
CORPORATION |
|
|
|
|
Formerly Known As : |
KOREA AGRO-FISHERIES TRADE CORPORATION |
|
|
|
|
Registered Office : |
227,
Munhwa-Ro, Naju-si, Jeollanam-do, Korea, AT Center, 58217 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
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. |
|
|
|
|
No. of Employees : |
780 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
SOUTH KOREA - ECONOMIC OVERVIEW
After emerging from the 1950-53 war with North Korea, South Korea emerged
as one of the 20th century’s most remarkable economic success stories, becoming
a developed, globally connected, high-technology society within decades. In the
1960s, GDP per capita was comparable with levels in the poorest countries in
the world. In 2004, South Korea joined the trillion-dollar club of world
economies.
Beginning in the 1960s under President PARK Chung-hee, the government
promoted the import of raw materials and technology, encouraged saving and investment
over consumption, kept wages low, and directed resources to export-oriented
industries that remain important to the economy to this day. Growth surged
under these policies, and frequently reached double-digits in the 1960s and
1970s. Growth gradually moderated in the 1990s as the economy matured, but
remained strong enough to propel South Korea into the ranks of the advanced
economies of the OECD by 1997. These policies also led to the emergence of
family-owned chaebol conglomerates such as Daewoo, Hyundai, and Samsung, which
retained their dominant positions even as the government loosened its grip on
the economy amid the political changes of the 1980s and 1990s.
The Asian financial crisis of 1997-98 hit South Korea’s companies hard
because of their excessive reliance on short-term borrowing, and GDP ultimately
plunged by 7% in 1998. South Korea tackled difficult economic reforms following
the crisis, including restructuring some chaebols, increasing labor market
flexibility, and opening up to more foreign investment and imports. These steps
lead to a relatively rapid economic recovery. South Korea also began expanding
its network of free trade agreements to help bolster exports, and has since
implemented 16 free trade agreements covering 58 countries—including the United
State and China—that collectively cover more than three-quarters of global GDP.
In 2017, the election of President MOON Jae-in brought a surge in
consumer confidence, in part, because of his successful efforts to increase
wages and government spending. These factors combined with an uptick in export
growth to drive real GDP growth to more than 3%, despite disruptions in South
Korea’s trade with China over the deployment of a US missile defense system in
South Korea.
In 2018 and beyond, South Korea will contend with gradually slowing
economic growth - in the 2-3% range - not uncommon for advanced economies. This
could be partially offset by efforts to address challenges arising from its
rapidly aging population, inflexible labor market, continued dominance of the
chaebols, and heavy reliance on exports rather than domestic consumption.
Socioeconomic problems also persist, and include rising inequality, poverty
among the elderly, high youth unemployment, long working hours, low worker
productivity, and corruption.
|
Source
: CIA |
Basic
Information
|
Company Name |
KOREA AGRO-FISHERIES & FOOD TRADE
CORPORATION (Trade Name : AT) (Ex. Company Name : KOREA AGRO-FISHERIES
TRADE CORPORATION) (Korean Company Name : “농수산식품유통공사”) |
|
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 |
58217 |
|
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 |
Detailed
Products
|
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) |
CEO’s
|
Name |
Lee Byung-Ho |
|
Date of Birth |
04/05/1955 |
|
Title |
President |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
68,337,825,550 |
|
Employees |
780 |
|
Formation |
Corporation Established by the Government |
|
Bank Details |
The National Agricultural Cooperative Federation (Nonghyup Bank)-aT Center Branch KEB Hana 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, 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 |
Detailed
Information
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
President |
Lee Byung-Ho |
Korean |
04/05/1955 |
02/19/2018 |
|
Director |
Lee Yoo-Sung |
Korean |
04/27/1959 |
09/12/2016 |
|
Director |
Wang Sung-Woo |
Korean |
04/29/1951 |
10/04/2016 |
|
Director |
Kim Dong-Yeol |
Korean |
09/09/1955 |
08/08/2014 |
|
Director |
Baik Jin-Seok |
Korean |
05/20/1959 |
12/15/2016 |
|
Director |
Lee Soo-Hwa |
Korean |
01/16/1955 |
02/17/2017 |
|
Director |
Chang Se-Il |
Korean |
01/12/1948 |
02/17/2017 |
|
Director |
Kim Joo-Dong |
Korean |
05/29/1951 |
02/19/2018 |
|
Director |
Jung Hak-Soo |
Korean |
12/28/1954 |
03/14/2018 |
|
Auditor |
Kim Myung-Gon |
Korean |
11/16/1961 |
02/12/2018 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
311,231,209,905 |
1,138,820,500,812 |
4,189,359,097 |
|
|
2015 |
314,964,341,515 |
1,061,734,108,778 |
5,067,229,865 |
|
2014 |
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 |
Financial
Description
|
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 12/31/2016 |
As of 12/31/2015 |
|
|
Total
Assets |
1,138,820,500,812 |
1,061,734,108,778 |
|
|
Current Assets |
580,833,661,672 |
485,868,558,206 |
|
|
Cash
& Cash Equivalents |
55,679,281,428 |
55,285,319,452 |
|
|
Current
Financial Instruments |
469,844,064,269 |
372,057,389,832 |
|
|
Trade
Receivables & Other Receivables |
46,313,739,910 |
43,144,259,503 |
|
|
Inventories |
499,001,039 |
7,390,788,175 |
|
|
Deferred
Income Tax Assets |
671,976,377 |
1,661,422,417 |
|
|
Current
Non-Financial Instruments |
7,825,598,649 |
6,329,378,827 |
|
|
Non-Current Assets |
557,986,839,140 |
575,865,550,572 |
|
|
Non-Current
Financial Instruments |
329,184,849,483 |
348,682,954,437 |
|
|
Long-Term
Trade Receivables & Other Long-Term Receivables |
8,682,068,923 |
9,657,565,090 |
|
|
Tangibles |
154,911,063,951 |
148,031,064,334 |
|
|
Intangibles |
20,000,000,000 |
20,000,000,000 |
|
|
Deferred
Income Tax Assets |
5,738,024,667 |
6,096,184,418 |
|
|
Non-Current
Non-Financial Instruments |
39,470,832,116 |
43,397,782,293 |
|
|
Total Liabilities |
958,197,634,513 |
877,237,807,992 |
|
|
Current Liabilities |
555,221,057,967 |
463,631,279,315 |
|
|
Trade
Payables & Other Payables |
28,529,025,341 |
25,624,091,895 |
|
|
Other
Current Financial Debts |
512,468,016,828 |
423,446,315,630 |
|
|
Other
Current Non-Financial Debts |
3,282,246,722 |
4,022,784,598 |
|
|
Current
Portion of Provisions |
10,941,769,076 |
10,538,087,192 |
|
|
Non-Current Liabilities |
402,976,576,546 |
413,606,528,677 |
|
|
Long-Term
Trade Payables & Other Long-Term Payables |
18,742,089,085 |
19,217,016,740 |
|
|
Other
Non-Current Financial Debts |
377,663,962,947 |
393,305,322,983 |
|
|
Provision
for Severance & Retirement |
6,570,524,514 |
1,084,188,954 |
|
|
Capital Stock |
68,337,825,550 |
68,337,825,550 |
|
|
Capital
Surplus |
|
|
|
|
Profit
Surplus |
113,388,517,628 |
117,321,028,434 |
|
|
Others |
-1,103,476,879 |
-1,162,553,198 |
|
|
Total
Equity |
180,622,866,299 |
184,496,300,786 |
|
|
Liab.
& Shareholder’s Equity |
1,138,820,500,812 |
1,061,734,108,778 |
|
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2016 |
As of 12/31/2015 |
|
|
Sales |
311,231,209,905 |
314,964,341,515 |
|
|
Cost
of Sold Goods |
290,419,497,312 |
294,682,386,030 |
|
|
Gross
Profit |
20,811,712,593 |
20,281,955,485 |
|
|
Selling
& Admin. Expenses |
12,567,637,370 |
14,951,066,660 |
|
|
Operating
Income |
8,244,075,223 |
5,330,888,825 |
|
|
Other
Profits |
794,646,164 |
893,567,067 |
|
|
Other
Income |
2,343,516,657 |
502,264,552 |
|
|
Other
Expenses |
47,000,612 |
103,421,468 |
|
|
Finance
Income |
1,479,014,431 |
2,358,896,896 |
|
|
Finance
Expenses |
758,971,174 |
918,326,361 |
|
|
Income
Before Taxes |
7,462,248,599 |
7,266,183,343 |
|
|
Income
Taxes Expenses |
3,272,889,502 |
2,198,953,478 |
|
|
Net
Income |
4,189,359,097 |
5,067,229,865 |
|
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2016 |
As of 12/31/2015 |
|
|
Operating Activities Cash Flows |
12,427,310,236 |
-1,671,068,222 |
|
|
Cash
Flows from Operating |
8,852,661,011 |
-953,300,754 |
|
|
Net
Income |
4,189,359,097 |
5,067,229,865 |
|
|
-Exp.
without Cash Outflow |
59,217,535,122 |
64,118,985,072 |
|
|
-Revenue
without Cash Inflows |
-45,077,128,131 |
-50,652,719,733 |
|
|
Changes
in Asset/ & Liability |
-9,477,105,077 |
-19,486,795,958 |
|
|
Interests
Received |
13,950,774,561 |
21,543,898,514 |
|
|
Interests
Paid |
-9,165,309,636 |
-11,091,889,602 |
|
|
Dividends
Received |
-1,229,526,330 |
-3,903,312,900 |
|
|
Income
Taxes |
18,710,630 |
-7,266,463,480 |
|
|
Cash Flows from Investing |
-85,413,689,422 |
134,423,470,856 |
|
|
Cash
Inflow from Investing |
503,918,182,379 |
690,112,313,701 |
|
|
Cash
Outflows for Investing |
-589,331,871,801 |
-555,688,842,845 |
|
|
Cash Flows from Financing |
77,325,277,073 |
-107,128,605,607 |
|
|
Cash
Inflows from Financing |
832,586,364,509 |
721,678,439,417 |
|
|
Cash
Outflows from Financing |
-755,261,087,436 |
-828,807,045,024 |
|
|
Increase/Decrease in Cash |
4,338,897,887 |
25,623,797,027 |
|
|
Cash at the Beginning of Year |
87,284,941,184 |
61,661,144,157 |
|
|
Cash at the End of Year |
91,623,839,071 |
87,284,941,184 |
|
Products,
Technologies, Services Description
|
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 |
Trade
Partners & Competitors
|
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 |
|
|
|
Related
Parties (Subsidiaries, Joint-Venture & Affiliates)
|
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 |
|
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 MERITZ FIRE & MARINE INSURANCE CO., LTD.(110111-0013328) DONGBU INSURANCE CO., LTD.(110111-0095285) |
Sales
by Region (Activity & Markets)
The Subject deals with the companies in China, Taiwan, France, Hong
Kong, Japan and USA.
Court
Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
Seoul High Court |
Cho & Lee Co., Ltd.(Korea) |
The Subject Company |
Collections |
1,347,000,000 |
2nd round is proceeding. |
News
Clipping
-------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.02 |
|
|
1 |
INR 91.49 |
|
Euro |
1 |
INR 79.79 |
|
KRW |
1 |
INR 0.061 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.