MIRA
INFORM REPORT
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Report Date : |
22.12.2011 |
IDENTIFICATION DETAILS
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Name : |
NUTREX TECHNOLOGY CO., LTD. |
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Registered Office : |
Rm. S-21, 8th Fl., Garden 5 Tool 292, Munjeong 2-dong, Songpa-gu, Seoul, Korea 138-962 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
21.05.2002 |
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Com. Reg. No.: |
107-86-18009 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Other Food Additive Products |
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No. of Employees : |
26 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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.
ECGC Country Risk Classification List – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic Information
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Company
Name |
NUTREX TECHNOLOGY CO., LTD. (Korean Company Name : “(주)뉴트렉스테크놀러지”) |
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Registered Address |
292, Munjeong 2-dong, Songpa-gu, Seoul,
Korea |
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Building |
Rm. S-21, 8th Fl., Garden 5 Tool |
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Zip Code |
138-962 |
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Tel |
+82-2-3474-0490 |
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Fax |
+82-2-3474-0491 |
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E-mail |
nutrex@nutrex.co.kr |
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Website |
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Trading Address |
Rm. S-21, 8th Fl., Garden 5 Tool, 292,
Munjeong 2-dong, Songpa-gu, Seoul, Korea |
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Tel |
+82-2-3474-0490 |
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Fax |
+82-2-3474-0491 |
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Other Address |
Rm.307, 15-1, Dongsu-dong,
Naju-si, Jeollanam-do, Korea |
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Tel |
+82-61-336-1600 |
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Other Address |
Rm.303, 1319-84, Songcheon-dong,
Andong-si, Gyeongbuk, Korea |
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Type |
Export |
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Industry |
Manufacture of Other Food Additive Products |
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Main Business |
Red Ginseng Extract, Soybean Extracted
Powder |
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Established (mm/dd/yyyy) |
05/21/2002 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Formulas
and products for nutritional support(42231800) |
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Sell |
Ginseng(51212021) |
CEO’s
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Name |
Kim Sung-Han |
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Address |
Suite A-3810, Galleria Palace, Jamsil-dong,
Songpa-gu, Seoul, Korea |
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Date of Birth |
02/11/1969 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital (KRW) |
1,600,000,000 |
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Employees |
26 |
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Formation |
Co., Ltd by Shares Venture Business |
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Bank Details |
Woori Bank-Yonse Branch |
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Corporate Registered No. |
110111-2528747 |
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Business Registered No. |
107-86-18009 |
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Permit & Licenses |
Int’l Trade No.: 45376304 |
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Shareholder Position |
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Company History |
05/21/2002 Incorporated as the present name 12/20/2006 Designated as a Venture
Business 06/25/2008 Increased the authorized shares to 1,000,00 shares from 80,000
shares 01/12/2010 Designated as a Venture
Business again 08/09/2010 Moved to the present HQ address from 218, Yangjae-dong, Seocho-gu, Seoul, Korea 10/26/2010 Acquired BEKSON CO., LTD. 12/23/2010 Increased capital to 1,600,000,000 KRW
from 800,000,000 KRW |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Kim Sung-Han |
Male |
Korean |
10/21/2008 |
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Director |
Mr. |
Lee Do-Hyun |
Male |
Korean |
10/21/2008 |
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Director |
Mr. |
Byun Bum-Sun |
Male |
Korean |
10/21/2011 |
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Auditor |
Mr. |
Ban Yong-Sun |
Male |
Korean |
06/09/2010 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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2009 |
8,546,000,000 |
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400,000,000 |
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2008 |
6,672,000,000 |
4,151,000,000 |
404,860,000 |
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2007 |
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44,910,000 |
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2006 |
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-3,900,000 |
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2005 |
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2004 |
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2003 |
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The financials are
not available, and the Subject Company does not have any obligations to release
its financials to the public.
Financial Description
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Authorized Capital(KRW) |
5,000,000,000 |
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Paid-Up Capital(KRW) |
1,600,000,000 |
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Total Issued Shares |
320,000 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Total Assets |
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4,151,000,000 |
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Current Assets |
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2,869,000,000 |
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-Quick Assets |
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2,473,000,000 |
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-Inventories |
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396,000,000 |
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Fixed Assets |
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1,283,000,000 |
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-Investment |
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101,000,000 |
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-Tangibles |
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96,000,000 |
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-Intangibles |
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970,000,000 |
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Total Liabilities |
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3,087,000,000 |
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Current Liabilities |
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3,021,000,000 |
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Fixed Liabilities |
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67,000,000 |
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Capital Stock |
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600,000,000 |
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Capital Surplus |
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- |
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Profit Surplus |
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467,000,000 |
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Capital Adjustment |
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-3,000,000 |
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Total Equity |
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1,064,000,000 |
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Liab. & Shareholder’s Equity |
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4,151,000,000 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Sales |
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6,672,000,000 |
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Cost of Sold Goods |
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5,112,000,000 |
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Gross Profit |
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1,560,000,000 |
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Selling & Admin. Expenses |
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998,000,000 |
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Operating Income |
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562,000,000 |
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Non-Operating Income |
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387,000,000 |
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Non-Operating Expenses |
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520,000,000 |
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Income Before Taxes |
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429,000,000 |
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Income Taxes Expenses |
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25,000,000 |
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Net Income |
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404,860,000 |
Products, Technologies, Services Description
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Main Products & Services |
Red Ginseng Extract, Soybean Extracted
Powder |
Trade Partners & Competitors
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Competitors |
NH HANSAMIN CO., LTD. 310-1, CHOJUNG-RI, JEUNGPYEONG-EUP, JEUNGPYEONG-GUN,
CHUNGCHEONGBUK-DO, KOREA TEL:+82-43-835-8400 FAX:+82-43-835-8410 DA JUNG CO., LTD. 837, SAGOK-RI, IWOL-MYEON, JINCHEON-GUN,
CHUNGCHEONGBUK-DO, KOREA TEL:+82-43-533-9960 FAX:+82-43-534-7669 KOJE CO., LTD. 174-1, SONGYEON-RI, DONG-MYEON, DONGNAM-GU,
CHEONAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-70-7450-6990~4 FAX:+82-2-521-2852 |
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 |
|
US Dollar |
1 |
Rs.52.67 |
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1 |
Rs.82.53 |
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Euro |
1 |
Rs.69.13 |
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 |
-- |
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.