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MIRA INFORM REPORT
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Report No. : |
512318 |
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Report Date : |
29.05.2018 |
IDENTIFICATION DETAILS
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Name : |
HYUNDAE
AGRICULTURE CORPORATION |
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Registered Office : |
116, Hannaru-ro 357beon-gil, Nam-gu, Incheon, Korea, 22205 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2017 |
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Date of Incorporation : |
11.09.2015 |
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Com. Reg. No.: |
388-86-00170 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture and Distribution of
Agricultural Products, Food Materials, and Spice Materials (Agricultural
Products, Food Materials, Spice Materials) |
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No. of Employees : |
7 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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.
Basic
Information
Basic
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Company Name |
HYUNDAE
AGRICULTURE CORPORATION |
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Registered Address |
116, Hannaru-ro
357beon-gil, Nam-gu, Incheon, Korea |
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Building |
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Zip Code |
22205 |
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Tel |
+82-32-884-8844 |
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Fax |
+82-32-884-5656 |
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E-mail |
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Website |
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Trading Address |
116, Hannaru-ro
357beon-gil, Nam-gu, Incheon, Korea (Old Address System : 598-5, Hagik-dong, Nam-gu, Incheon, Korea) |
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Tel |
+82-32-884-8844 |
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Fax |
+82-32-884-5656 |
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Other Address |
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Tel |
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Fax |
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Type |
Export/Import |
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Industry |
Manufacture and Distribution of
Agricultural Products, Food Materials, and Spice Materials |
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Main Business |
Agricultural Products, Food Materials,
Spice Materials |
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Sub
Business |
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Established (mm/dd/yyyy) |
09/11/2015 |
Detailed
Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Agricultural Products |
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Sell |
Spices or extracts(50171550) |
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Sell |
Food or drug additives(12164500) |
CEO’s
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Name |
Kim Dong-Hoon |
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Date of Birth |
03/16/1955 |
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Title |
Representative Director |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
100,000,000 |
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Employees |
7 |
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Formation |
Co., Ltd by Shares Agricultural Corporation |
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Bank Details |
N/A |
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Corporate Registered No. |
120111-0780933 |
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Business Registered No. |
388-86-00170 |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
09/11/2015 Incorporated as the present name 03/31/2018 Moved to the present
HQ address from 8, Seokjeong-ro 76beon-gil, Nam-gu, Incheon, Korea(Old
Address System : 128-46, Sungui-dong, Nam-gu, Incheon, Korea) |
Detailed
Information
Management
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Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
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Representative Director |
Kim Dong-Hoon |
Korean |
03/16/1955 |
09/11/2015 |
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Auditor |
Kim Yoo-Jin |
Korean |
09/23/1979 |
09/11/2015 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2017 |
6,108,594,000
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1,686,468,000
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176,980,000
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2016 |
4,268,406,000
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782,453,000
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107,293,000
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2015 |
2,828,000,000
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738,000,000
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153,000,000
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Financial
Description
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Authorized Capital(KRW) |
500,000,000 |
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Paid-Up Capital(KRW) |
100,000,000 |
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Total Issued Shares |
20,000 |
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Balance
Sheet |
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Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
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Total Assets |
1,686,468,000 |
782,453,000 |
738,000,000 |
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Current Assets |
1,664,379,000 |
760,597,000 |
660,000,000 |
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-Quick Assets |
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-Inventories |
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Fixed Assets |
22,089,000 |
21,856,000 |
78,000,000 |
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-Investment |
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-Tangibles |
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-Intangibles |
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Total Liabilities |
1,237,755,000 |
510,720,000 |
574,000,000 |
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Current Liabilities |
1,237,755,000 |
510,720,000 |
574,000,000 |
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Fixed Liabilities |
0 |
0 |
0 |
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Capital Stock |
100,000,000 |
100,000,000 |
100,000,000 |
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Capital Surplus |
0 |
0 |
0 |
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Profit Surplus |
348,713,000 |
171,733,000 |
64,000,000 |
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Capital Adjustment |
0 |
0 |
0 |
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Total Equity |
448,713,000 |
271,733,000 |
164,000,000 |
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Liab. & Shareholder’s Equity |
1,686,468,000 |
782,453,000 |
738,000,000 |
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Income
Statement |
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Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
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Sales |
6,108,594,000 |
4,268,406,000 |
2,828,000,000 |
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Cost of Sold Goods |
5,587,972,000 |
3,778,560,000 |
2,571,000,000 |
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Gross Profit |
520,622,000 |
489,846,000 |
257,000,000 |
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Selling & Admin. Expenses |
317,583,000 |
355,259,000 |
108,000,000 |
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Operating Income |
203,039,000 |
134,587,000 |
149,000,000 |
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Non-Operating Income |
8,891,000 |
12,702,000 |
6,000,000 |
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Non-Operating Expenses |
19,635,000 |
25,910,000 |
2,000,000 |
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Income Before Taxes |
192,295,000 |
121,379,000 |
153,000,000 |
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Income Taxes Expenses |
15,315,000 |
14,086,000 |
0 |
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Net Income |
176,980,000 |
107,293,000 |
153,000,000 |
Products,
Technologies, Services Description
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Main Products & Services |
Agricultural Products, Food Materials,
Spice Materials |
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Detailed Products Spec. |
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Technologies Acquired |
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Trade
Partners & Competitors
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Suppliers |
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Customers |
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Competitors |
INTO NATURE INC. 90, JUNGANG-RO, YANGPYEONG-EUP,
YANGPYEONG-GUN, GYEONGGI-DO, KOREA TEL:+82-31-775-3777 FAX:+82-31-775-3770 JEIL SEED BIO CO., LTD. 22-130, MORAEJAE-RO, DOAN-MYEON,
JEUNGPYEONG-GUN, CHUNGCHEONGBUK-DO, KOREA TEL:+82-43-838-1173~5 FAX:+82-43-838-7822 SAM HWA FARM CO., LTD. 87-65, SAMSANNONGHYEON-GIL, CHEONBUK-MYEON,
BORYEONG-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-641-8100 FAX:+82-41-641-8110 |
Sales
by Region (Activity & Markets)
Not Available.
Court
Action
Not Available.
News
Clipping
---
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.44 |
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1 |
INR 89.89 |
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Euro |
1 |
INR 79.00 |
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KRW |
1 |
INR 0.063 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VIV |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.