MIRA
INFORM REPORT
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Report Date : |
10th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
NEW TREE INDUSTRY CO., LTD. |
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Registered Office : |
151,
Yatap-dong, Bundang-gu, Seongnam-si, Gyeonggi-Do, Korea |
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Country : |
Korea |
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Date of Incorporation : |
12.04.2001 |
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Line of Business : |
Manufacture of Other Food Products n.e.c. |
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 : |
Regular |
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Litigation : |
Clear |
Basic Information
|
Company Name |
NEW TREE
INDUSTRY CO., LTD. |
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Registered Address |
151,
Yatap-dong, Bundang-gu, Seongnam-si, GYEONGGI-DO, KOREA |
|
Building |
D-902, Bundang Techno Park |
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Zip Code |
463-760 |
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Tel |
+82-31-701-3494 |
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Fax |
+82-31-701-3495 |
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E-mail |
kpark@inewtree.com |
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Website |
www.inewtree.com |
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Trading
Address |
D-902,
Bundang Techno Park, 151, Yatap-dong, Bundang-gu, Seongnam-si, GYEONGGI-DO,
KOREA |
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Tel |
+82-31-701-3494 |
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Fax |
+82-31-701-3495 |
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Type |
Import |
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Industry |
Manufacture of Other Food Products n.e.c. |
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Main Business |
ADH, Raffinose, Garcinia, CA AD |
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Sub Business |
Brokerage of Food, Beverages and Tobaccos |
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Established |
04/12/2001 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Health Aid Foods |
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Sell |
Marketing Consulting on Health Foods Products |
CEO’s
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Name |
Choi Mi-Hee |
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Address |
535, Yatap-dong, Bundang-gu, Seongnam-si,
GYEONGGI-DO, KOREA |
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Date of Birth |
07/27/1965 |
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Title |
President & CEO |
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Sex |
Female |
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Nationality |
Korean |
Profiles
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Capital |
200,000,000 KRW |
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Employees |
11 |
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Formation |
Co., Ltd by shares, Venture Business |
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Bank Details |
Industrial Bank of Korea |
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Corporate Registered No. |
110111-2214429 |
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Business Registered No. |
214-86-80043 |
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Permit & Licenses |
03/2003 Patent on the materials and production
Method of separated from grains |
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Shareholder Position |
N/A |
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Company History |
1998.5 Established 2001.4 Co-develop and launching of Chewable
Vitamin with Dakketa Foods-Japan 2002. 2 Co-develop and launching of
Chewable Calcium with Dakketa Foods-Japan 2002. 8 Established NEW TREE Marketing
Co., Ltd. 2002. 9 Launch "Dangru Gamcha" 2002. 10 Awarded the grand prize on
"Dangru Gamcha" 2003. 4 Signed the agreement of exclusive
sales right on Mushroom Products. 2003. 7 Moved to the present address 2003. 7 Increased capital to 200,000,000
KRW from 50,000,000 KRW 2004. 5 Designated as a Venture Business 2004. 4 Strategic Partnership with Biogen 2006. 1 Designated as a Venture Business
again |
The subject provides professional services on
High Technology Development, Production Design & Development, Marketing and
Distribution and Production with the global networks. And the Subject has the
networks with about 100 pharmaceutical shops domestically and when the subject
finds the new products, they promote through this network.
Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
President & CEO |
M/S. |
Choi Mi-Hee |
Female |
Korean |
01/30/2002 |
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Director |
Mr. |
Jeong Hee-Cheol |
Male |
Korean |
01/30/2002 |
|
Auditor |
Mr. |
Seok Jong-Cheol |
Male |
Korean |
03/24/2004 |
Financial Description
Unit: KRW
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Authorized Capital |
200,000,000 |
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Paid-Up Capital |
200,000,000 |
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Total Issues Shares |
40,000 |
Trade
Partners
|
Suppliers |
Amax Nutrasource-USA Maruzen-Japan Nippon Dairy-Japan Huji Dairy Dakketa Foods-Japan |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Cooperative Enterprise |
NRL of Yonsei University, Hankyung
University, Kyungbuk Science College, Tae Kyung Agricultural Production, Chodang
Agricultural Production, Green Biotech, Dakketa Foods-Japan, Maruzen, Amax Nutrasource-USA, Interhealth,
MPG, DESSO Design, Embrain Research, Art-House, PMS, Brand Manager |
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 |
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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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)