MIRA INFORM REPORT

 

 

Report Date :

30.11.2011

 

IDENTIFICATION DETAILS

 

Name :

NEW TREE CO., LTD.

 

 

Registered Office :

Rm. 1109, Tech Center, SKn Techno Park, 190-1, Sangdaewon 1-dong, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea 462-721

 

 

Country :

South Korea

 

 

Date of Incorporation :

12.04.2001

 

 

Com. Reg. No.:

214-86-80043

 

 

Legal Form :

Co., Ltd by shares, Venture Business

 

 

Line of Business :

Manufacture of Health Foods

 

 

No. of Employees :

11

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

South Korea

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Basic Information

 

Company Name

NEW TREE CO., LTD.

(Korean Company Name : “(주)뉴트리”)

Registered Address

190-1, Sangdaewon 1-dong, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea

Building

Rm. 1109, Tech Center, SKn Techno Park,

Zip Code

462-721

Tel

+82-31-776-3494

Fax

+82-31-776-3495

E-mail

kpark@inewtree.com

Website

www.inewtree.com

Trading Address

Rm. 1109, Tech Center, SKn Techno Park, 190-1, Sangdaewon 1-dong, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea

Tel

+82-31-776-3494

Fax

+82-31-776-3495

Type

Import

Industry

Manufacture of Health Foods

  Main Business

ADH, Raffinose, Garcinia, CA AD

  Sub Business

Brokerage of Food, Beverages and Tobaccos

Established (mm/dd/yyyy)

04/12/2001

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Dietary supplements and nutritional therapy products(51191900)

Sell

Formulas and products for nutritional support(42231800)

Sell

Drugs and Pharmaceutical Products(51000000)

 

 

CEO’s

 

Name

Choi Mi-Hoi

Address

Suite 603-901, 123,Imae-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Date of Birth

07/27/1965

Title

President & CEO

Sex

Female

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

200,000,000

Employees

11

Formation

Co., Ltd by shares, Venture Business

Bank Details

Industrial Bank of Korea

Corporate Registered No.

110111-2214429

Business Registered No.

214-86-80043

Permit & Licenses

03/2003 Patent on the materials and production Method of separated from grains

 

Int’l Trade No.: 11902779

Shareholder Position

N/A (No obligation to release to the public)

Company History

04/12/2001 Incorporated as NEW TREE INDUSTRY CO., LTD.

07/10/2003 Increased capital to 200,000,000 KRW from 50,000,000 KRW

05/22/2004 Designated as a Venture Business

05/2006 Designated as an INNO-BIZ Company

06/03/2006 Designated as a Venture Business again

05/14/2007 Moved to the present HQ address from D-902, Bundang Techno Park, 151, Yatap-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

05/15/2007 Changed company name to the present name

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

M/S.

Choi Mi-Hoi

Female

Korean

01/30/2002

Director

Mr.

Jeong Hee-Cheol

Male

Korean

01/30/2002

Director

Mr.

Choi Bo-Hee

Male

Korean

10/31/2009

Auditor

Mr.

Lee Boo-Yong

Male

Korean

05/14/2007

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

 

 

 

2009

 

 

 

2008

 

 

 

2007

 

 

 

2006

 

 

 

2005

 

 

 

2004

3,300,000,000

 

 

2003

3,200,000,000

 

 

The latest & full financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

 

 

Financial Description

 

Authorized Capital(KRW)

200,000,000

Paid-Up Capital(KRW)

200,000,000

 

Products, Technologies, Services Description

 

Main Products & Services

ADH, Raffinose, Garcinia, CA AD

 

 

Trade Partners & Competitors

 

Suppliers

AMAX NUTRASOURCE-USA

MARUZEN-JAPAN

NIPPON DAIRY-JAPAN

HUJI DAIRY

DAKKETA FOODS-JAPAN

Customers

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

Competitors

NUTRI BIOTECH CO., LTD.

3RD FL., SUMMIT BLDG., 790-12, YEOKSAM 1-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-3474-8527  FAX:+82-2-3474-0613

 

YUHAN CHEMICAL INC.

5BA-402, SIHWA INDUSTRIAL COMPLEX, 678-1, SEONGGOK-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO, KOREA

TEL:+82-31-488-5800  FAX:+82-31-499-4115

 

CKD BIO CORPORATION

CHONGKUNDANG BLDG., 368, CHUNGJEONGNO 3-GA, SEODAEMUN-GU, SEOUL, KOREA

TEL:+82-2-2194-0555  FAX:+82-2-2194-0556

 

 

Sales by Region

(Activity & Markets)

 

The Subject imports from India, Japan and USA.

 

 

Court Action

 

Not Available.

 

News Clipping

 

--

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.93

UK Pound

1

Rs.80.62

Euro

1

Rs.69.36

 

 

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

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.