|
Report No. : |
354474 |
|
Report Date : |
10.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
NH TRADING CO.,
LTD. |
|
|
|
|
Registered Office : |
7, Olympic-ro 48-gil, Gangdong-gu, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
05.06.1990 |
|
|
|
|
Com. Reg. No.: |
106-81-24691 |
|
|
|
|
Legal Form : |
Co., Ltd By Shares |
|
|
|
|
Line of Business : |
Wholesale of Fruit and Vegetables |
|
|
|
|
No. of Employees : |
56 |
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 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SOUTH KOREA - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible
economic growth and global integration to become a high-tech industrialized
economy. In the 1960s, GDP per capita was comparable with levels in the poorer
countries of Africa and Asia. In 2004, South Korea joined the trillion-dollar
club of world economies. A system of close government and business ties,
including directed credit and import restrictions, initially made this success
possible. The government promoted the import of raw materials and technology at
the expense of consumer goods, and encouraged savings and investment over
consumption. The Asian financial crisis of 1997-98 exposed longstanding
weaknesses in South Korea's development model, including high debt/equity
ratios and massive short-term foreign borrowing. GDP plunged by 7% in 1998, and
then recovered by 9% in 1999-2000. South Korea adopted numerous economic
reforms following the crisis, including greater openness to foreign investment
and imports. Growth moderated to about 4% annually between 2003 and 2007. South
Korea's export focused economy was hit hard by the 2008 global economic
downturn, but quickly rebounded in subsequent years, reaching over 6% growth in
2010. The US-Korea Free Trade Agreement was ratified by both governments in
2011 and went into effect in March 2012. Between 2012 and 2014, the economy
experienced slow growth due to sluggish domestic consumption and investment.
The administration in 2015 is likely to face the challenge of balancing heavy
reliance on exports with developing domestic-oriented sectors, such as
services. The South Korean economy's long-term challenges include a rapidly
aging population, inflexible labor market, dominance of large conglomerates
(chaebols), and the heavy reliance on exports, which comprise about half of
GDP. In an effort to address the long term challenges and sustain economic
growth, the current government has prioritized structural reforms,
deregulation, promotion of entrepreneurship and creative industries, and the
competitiveness of small and medium enterprises.
|
Source
: CIA |
|
Company
Name |
NH TRADING CO.,
LTD. (Korean Company
Name : “(주)엔에이치무역”) |
|
Registered Address |
7, Olympic-ro 48-gil, Gangdong-gu, Seoul,
Korea |
|
Building |
|
|
Zip Code |
05398 |
|
Tel |
+82-2-2225-2300 |
|
Fax |
+82-2-470-1972 |
|
E-mail |
webmaster@nhtra.co.kr;fs1970@nhtra.co.kr |
|
Website |
www.nhtra.co.kr |
|
Trading Address |
7, Olympic-ro 48-gil, Gangdong-gu, Seoul,
Korea (Old Address System : 553, Seongnae
1-dong, Gangdong-gu, Seoul, Korea) |
|
Tel |
+82-2-2225-2300 |
|
Fax |
+82-2-470-1972 |
|
Other Address |
|
|
Tel |
|
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Wholesale of Fruit and Vegetables |
|
Main Business |
Fruit, Vegetables, Kimchi, Processed Food, Ginseng Product, Flowering Plant,
Stock Raising Resources, Fertilizer Resources, Seed |
|
Sub
Business |
Wholesale of Fertilizers and Agricultural Chemicals |
|
Established (mm/dd/yyyy) |
06/05/1990 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Instant tea(50201711) |
|
Sell |
Rose plants(10161601) |
|
Sell |
Fresh vegetables(50101538) |
|
Sell |
Pickles(50171901) |
|
Sell |
Fresh fruit(50101634) |
|
Name |
Kim Cheong-Yong |
|
Address |
Suite 502-404, 88, Yanghyeon-ro, Bundang-gu,
Seongnam-si, Gyeonggi-do, Korea |
|
Date of Birth |
11/09/1960 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
29,100,000,000 |
|||||||||
|
Employees |
56 |
|||||||||
|
Formation |
Co., Ltd by shares A Company of NONGHYUP AGRIBUSINESS GROUP INC.(110111-4809468) |
|||||||||
|
Bank Details |
Nong Hyup Bank-Seongnae Dong Branch |
|||||||||
|
Corporate Registered No. |
110111-0702931 |
|||||||||
|
Business Registered No. |
106-81-24691 |
|||||||||
|
Permit & Licenses |
Int’l Trade No.: 536024 |
|||||||||
|
Shareholder Position |
(*)The list is based as of 12/31/2014. |
|||||||||
|
Company History |
06/05/1990 Incorporated as a HYUPDONG TRADING
CO., LTD. 08/15/1994 Changed company name to NONG
HYUP TRADING CO., LTD. 11/30/1999 Awarded US$50 Million Export Top
Prize 05/13/2008 Changed company name to the
present name 07/15/2009 Decided to stop Meat Business 07/09/2015 Increased capital to 29,100,000,000
KRW from 16,600,000,000 KRW |
|||||||||
|
|
|
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
President & CEO |
Kim Cheong-Yong |
Korean |
11/09/1960 |
02/01/2015 |
|
Director |
Sohn Kyu-Sam |
Korean |
03/10/1946 |
06/15/2015 |
|
Director |
Seo Young-Kyo |
Korean |
04/23/1957 |
06/15/2015 |
|
Director |
Hyun Yong-Haeng |
Korean |
11/07/1957 |
06/15/2015 |
|
Director |
Kim Nam-Il |
Korean |
03/07/1957 |
06/15/2015 |
|
Director |
Jang Joo-Ik |
Korean |
01/05/1961 |
06/15/2015 |
|
Director |
Han Ki-Yeol |
Korean |
06/24/1961 |
06/15/2015 |
|
Director |
Kim Young-Joo |
Korean |
01/01/1960 |
06/15/2015 |
|
Auditor |
Lee Cheol-Jin |
Korean |
06/25/1955 |
06/15/2015 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
171,104,250,173 |
53,727,486,266 |
512,983,778 |
|
|
2013 |
148,914,922,613 |
47,213,169,039 |
1,425,449,177 |
|
2012 |
140,850,180,524 |
47,882,237,174 |
1,238,330,961 |
|
2011 |
162,197,468,611 |
54,601,281,587 |
1,538,868,818 |
|
2010 |
122,854,974,549 |
55,502,590,839 |
1,136,995,320 |
|
2009 |
130,420,388,840 |
52,225,820,824 |
-2,645,405,688 |
|
2008 |
105,178,390,141 |
57,607,109,863 |
1,780,607,681 |
|
2007 |
113,313,070,443 |
46,438,883,605 |
1,520,468,454 |
|
2006 |
98,995,057,900 |
41,059,835,120 |
650,962,220 |
|
2005 |
109,785,880,048 |
36,959,141,032 |
1,544,111,118 |
|
2004 |
123,863,734,877 |
36,816,998,641 |
1,945,822,946 |
Financial
Description
|
Authorized Capital(KRW) |
37,500,000,000 |
|
Paid-Up Capital(KRW) |
29,100,000,000 |
|
Total Issues Shares |
5,820,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total Assets |
53,727,486,266 |
47,213,169,039 |
47,882,237,174 |
|
Current Assets |
50,241,908,017 |
43,541,123,065 |
44,274,104,759 |
|
-Quick Assets |
40,544,838,089 |
30,843,547,462 |
33,557,524,295 |
|
-Inventories |
9,697,069,928 |
12,697,575,603 |
10,716,580,464 |
|
Fixed Assets |
3,485,578,249 |
3,672,045,974 |
3,608,132,415 |
|
-Investment |
1,868,537,883 |
2,173,148,602 |
2,410,386,225 |
|
-Tangibles |
38,572,864 |
20,583,270 |
35,066,897 |
|
-Intangibles |
49,207,300 |
87,680,741 |
217,113,031 |
|
-Others |
1,529,260,202 |
1,390,633,361 |
945,566,262 |
|
Total Liabilities |
23,517,448,371 |
16,971,497,534 |
18,027,791,690 |
|
Current Liabilities |
23,284,013,319 |
16,824,066,380 |
17,894,232,119 |
|
Fixed Liabilities |
233,435,052 |
147,431,154 |
133,559,571 |
|
Capital Stock |
16,600,000,000 |
16,600,000,000 |
16,600,000,000 |
|
Capital Surplus |
1,840,823,617 |
1,840,823,617 |
1,840,823,617 |
|
Profit Surplus |
11,725,207,813 |
11,712,224,035 |
11,086,774,858 |
|
Capital Adjustment |
44,006,465 |
88,623,853 |
326,847,009 |
|
Total Equity |
30,210,037,895 |
30,241,671,505 |
29,854,445,484 |
|
Liab. & Shareholder’s Equity |
53,727,486,266 |
47,213,169,039 |
47,882,237,174 |
|
Current
Liabilities |
23,284,013,319 |
16,824,066,380 |
17,894,232,119 |
|
Trade Payables |
6,037,359,536 |
6,196,097,851 |
3,201,276,206 |
|
Short-Term Borrowings |
13,464,887,204 |
8,360,975,284 |
12,442,320,219 |
|
Account Payables |
2,020,202,824 |
1,317,310,623 |
837,389,301 |
|
Accrued Expenses |
- |
1,670,137 |
- |
|
Withholdings |
670,292,576 |
921,314,683 |
387,348,859 |
|
Advance Receipts |
17,689,506 |
24,365,772 |
22,153,949 |
|
Accrued Income Tax |
277,777,903 |
- |
333,794,940 |
|
VAT Withhold |
701,032,782 |
- |
650,866,419 |
|
Derivatives |
94,770,988 |
2,332,030 |
19,082,226 |
|
Fixed
Liabilities |
233,435,052 |
147,431,154 |
133,559,571 |
|
Provision for Severance & Retirement |
233,435,052 |
147,431,154 |
133,559,571 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
171,104,250,173 |
148,914,922,613 |
140,850,180,524 |
|
Cost of Sold Goods |
158,063,868,783 |
136,962,567,635 |
129,333,476,667 |
|
Gross Profit |
13,040,381,390 |
11,952,354,978 |
11,516,703,857 |
|
Selling & Admin. Expenses |
11,429,535,316 |
9,570,087,968 |
8,307,931,902 |
|
Operating Income |
1,610,846,074 |
2,382,267,010 |
3,208,771,955 |
|
Non-Operating Income |
1,013,572,910 |
1,283,096,551 |
1,032,356,614 |
|
Non-Operating Expenses |
1,897,336,002 |
1,723,658,393 |
2,646,268,827 |
|
Income Before Taxes |
727,082,982 |
1,941,705,168 |
1,594,859,742 |
|
Income Taxes Expenses |
214,099,204 |
516,255,991 |
356,528,781 |
|
Net Income |
512,983,778 |
1,425,449,177 |
1,238,330,961 |
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Cash Flows from Operating |
-6,029,326,633 |
-795,641,102 |
143,537,280 |
|
-Net Income |
512,983,778 |
1,425,449,177 |
1,238,330,961 |
|
-Exp. without Cash Outflow |
899,600,135 |
-69,556,938 |
776,350,760 |
|
-Revenue without Cash Inflows |
-327,039,394 |
-82,375,398 |
-15,551,158 |
|
-Changes in Asset/ & Liability |
-7,114,871,152 |
-2,069,157,943 |
-1,855,593,283 |
|
Cash Flows from Investing |
5,833,512,490 |
6,576,378,225 |
-972,080,510 |
|
-Cash Inflow from Investing |
6,700,000,000 |
14,769,503,963 |
14,500,236,020 |
|
-Cash Outflows for Investing |
-866,487,510 |
-8,193,125,738 |
-15,472,316,530 |
|
Cash Flows from Financing |
4,603,911,920 |
-4,879,018,824 |
-4,767,073,645 |
|
-Cash Inflows from Financing |
51,767,616,503 |
14,780,605,873 |
20,542,137,537 |
|
-Cash Outflows from Financing |
-47,163,704,583 |
-19,659,624,697 |
-25,309,211,182 |
|
Increase/Decrease in Cash |
4,408,097,777 |
901,718,299 |
-5,595,616,875 |
|
Cash at the Beginning of Year |
1,774,932,606 |
873,214,307 |
6,468,831,182 |
|
Cash at the End of Year |
6,183,030,383 |
1,774,932,606 |
873,214,307 |
|
Main Products & Services |
Fruit, Vegetables, Kimchi, Processed Food, Ginseng Product, Flowering
Plant, Stock Raising Resources, Fertilizer Resources, Seed |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
NATIONAL AGRICULTURAL COOPERATIVE
FEDERATION(NACF, NONGHYUP)(110136-0027690) NAMHAE CHEMICAL CORPORATION(110111-0164717) NONGHYUP FEED, INC.(110111-2600313) |
|
Competitors |
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 AGRICULTURAL COOPERATIVE CHUNGBUK MARKETING
CO., LTD. 118, BANGSEO-DONG, SANGDANG-GU,
CHEONGJU-SI, CHUNGCHEONGBUK-DO, KOREA TEL:+82-43-290-0114 FAX:+82-43-290-0297 INCHEON AGRICULTURAL PRODUCTS CO., LTD. GUWOL WHOLESALE MARKET, 1446, GUWOL 1-DONG,
NAMDONG-GU, INCHEON, KOREA TEL:+82-32-421-3766 FAX:+82-32-421-3762 |
|
Affiliates |
NATIONAL AGRICULTURAL COOPERATIVE
FEDERATION(NACF, NONGHYUP)(110136-0027690) NONGHYUP AGRIBUSINESS GROUP INC.(110111-4809468) NONGHYUP BANK CO., LTD.(110111-4809385) NAMHAE CHEMICAL CORPORATION Namhae Chemical Corporation is the biggest fertilizer
manufacturer in Korea with a share of more than 40% of national demand. The
NACF is the dominant shareholder with a 56% share majority. The plant
produces approximately 1.3 million tons of fertilizer and 0.6 million tons of
chemical products annually. Address: 343, Nakpo-dong, Yeosu-si,
Jeollanam-do 555-250, Korea Tel: +82-61-688-5500 / Fax: +82-61-686-3060 Website: www.namhaechem.com KOREA AGRICULTURAL COOPERATIVE MARKETING,
INC. Established in 1995, Korea Agricultural
Cooperative Marketing (KACM) serves both consumers and farmers. The mission
of KACM is to give the lowest price possible to consumers and the best farm
gate price for farmers by creating marketing channels that directly link the
two groups. The KACM currently operates three agricultural wholesale
distribution centers and 26 supermarkets across the country. Address: 230, Yangjae-dong, Seocho-gu,
Seoul, 137-893, Korea Tel: +82-2-3498-1000 / Fax: +82-2-3461-7945 Website: www.kacm.co.kr DAEJEON AGRICULTURAL PRODUCTS MARKETING
CENTER, CO., LTD. The Center was established in 1998 to
promote the trade of agricultural and livestock products in the
Daejeon-Chungnam province. It is involved in agricultural and livestock
products and services, including storage, delivery, processing. Address: 301-703, Ahnyoung-dong, Jung-gu,
Daejeon 301-213, Korea Tel: +82-42-580-5000 / Fax: +82-42-580-5082 Website: www.daejeon-utong.com AGRICULTURAL COOPERATIVE DAEGU GYEONGBUK
MARKETING CO., LTD. Established in 1997 to create innovation in
agricultural marketing in the Gyeongbuk area, the company engages in the
marketing, purchasing and development of agricultural and livestock products. Address: 438, Gogok-ri, Hyoryeong-myeon,
Gunwi-gun, Gyeongbuk, 716-822, Korea Tel: +82-54-380-5500 / Fax: +82-54-380-5599 Website: www.jang365.co.kr AGRICULTURAL COOPERATIVE PUSAN KYONGNAM
MARKETING, INC. Established in 1997 to create innovation in
agricultural marketing in Pusan and Kyong-nam area, the company engages in the
marketing, purchasing and development of agricultural and livestock products. Address: 1874-3, Geumgok-dong, Buk-gu,
Busan, Korea 616-813, Korea Tel: +82-51-330-9000 / Fax: +82-51-330-9140 Website: www.nonghyupshop.com |
|
Affiliates |
AGRICULTURAL COOPERATIVE CHUNGBUK MARKETING
CO., LTD. Established in 1998 to create innovation in
agricultural marketing Chung-buk in area, the company engages in the
marketing, purchasing and development of agricultural and livestock products. Address: 118 Bangseo-dong, Sangdang-gu,
Cheongju-si, Chungbuk, 360-183, Korea Tel: +82-43-290-0114 / Fax: +82-43-290-0297 Website: www.hanaroutong.co.kr NONGHYUP KOREA INSAM COMPANY., LTD. Nonghyup Insam began operations in 2002 and
has quickly become a leader in the ginseng industry. It has developed strong
relations with the ginseng cooperatives and through innovative marketing has
increased the quality and variety of ginseng products for sale. Address: 71-16 Ogeum-dong, Songpa-gu, Seoul
138-857, Korea Tel: +82-2- 2201-3304 / Fax: +82-2-458-7942 Website: www.hansamin.com NONGHYUP-AGRO INC. Since 1995, Nonghyup-agro has been
manufacturing boxes, wrapping paper and other packaging material for
agricultural products. As a subsidiary of the NACF, it works closely with member
cooperatives ensuring that these cooperatives have a stable supply of
packaging at reasonable prices. Address: 29-134, Bonri-ri, Nongong-eup,
Dalseong-gun, Daegu, 711-855, Korea Tel: +82-53-615-0341 / Fax: +82-53-615-0840 Website: www.agro.nonghyup.com SAMHYUP NONGSAN CO., LTD. Samhyup Nongsan Co. was established through
a joint venture between the NACF and the Insam (Ginseng) Cooperatives to
produce quality organic fertilizers and other agricultural inputs for ginseng
producers. Address: 234 Joongheung-ri, Sari-myun,
Geosan-kun Chungbuk 367-821 Korea Tel: +82-43-836-8627 / Fax: +82-43-838-1003 NONGHYUP LOGISTICS SERVICE INC. Nonghyup Logistics Service Inc. was founded
on July 7, 2004 to establish an effective logistic system in Korea. Korean
agriculture is suffering from unreasonably high transportation costs, which
account for as much as 22% of the total production costs. Reducing the
transportation costs is believed to be one of the key elements to improve the
competitiveness of the Korean agricultural industry. The Nonghyup Logistics
Service Inc. is committed to bringing innovation into the
agricultural/livestock logistic business, and efficiently links rural
producers with urban consumers. Address: 8th Floor, 60-1 Keukdong bldg,
Chungmuro 3-ga, Jung-gu, Seoul 100-705, Korea Tel: +82-2-2264-7104 / Fax: +82-2-2269-7606 Website: www.nonghyuplogis.com YOUNG IL CHEMICAL CO., LTD. Young Il chemical co. was incorporated to a
subsidiary of NACF in 2007. It provides eco-friendly, stable and convenient
quality agricultural chemicals to Korean farmers. As a market leader in
agricultural chemicals market, Young Il chemical Co. contributes to stable
chemical supply to Korean farmers. Address: 2F, Onse Bulilding, 192-9,
Kumi-dong, Bundang-gu, Seongnam-si, 463- 500 Kyunggi-do, Korea Tel: +82-31-738-5200 / Fax: +82-31-738-5255 Website: www.youngilchem.com |
|
Affiliates |
NONGHYUP FEED, INC. The NACF became the sole investor in
Nonghyup Feed Inc. in 2002. It produces high quality feed for chicken, pigs, dairy
cows and beef cattle. The company produced 2.1 million tons of feedstuff in
2004, accounting for 28.0% of the domestic market. Address: 451 Seongnae-dong, Kangdong-gu,
Seoul 134-763, Korea Tel: 82-2-2224-8500 / Fax: 82-2-2224-8519 Website: www.nonghyupsaryo.com NONGHYUP MOGUCHON., INC. The Nonghyup Moguchon Inc. was established
in August 2006 as one of NACF's subsidiaries with ambitious goal to be the
top meat meal integration company in Korea. The Moguchon would like to be the
real defender of domestic food market in Korea, and the company has expanded
its product line from previously sole livestock products further to
dining-out market and agricultural/fishery processing businesses. The
Moguchon now has various product lines including ham, bacon, chicken and
frozen foods. The products are known to have high quality and safety, and
most importantly are made from domestically-grown livestock. Address: 14F, 7-11, Sincheon-dong,
Songpa-gu, Seoul, Korea Tel: +82-2-2144-0600 / Fax: +82-2-2144-0670 Website: www.moguchon.co.kr NH INVESTMENT & FUTURES CO., LTD. In 1997, NH Investment & Futures began
overseas and domestic futures trading as a wholly owned subsidiary of the
NACF. It also handles foreign exchange trading and offers consulting services
and training. One of its primary goals is to stabilize prices of agricultural
products in the domestic market. Address: Allianz Bldg. 16th Fl.
Yeouido-dong, Yeongdeungpo-gu, Seoul 150-010, Korea Tel: +82-2-3787-8200 / Fax: +82-2-3787-8240 Website: www.nhfutures.com NH-CA ASSET MANAGEMENT CO. LTD NH-CA Asset Management is our most recent
venture. It was established in January 2003 as a joint venture company
between the NACF and Credit Agricole Asset Management, France's leading
investment product provider. This company looks for synergy effects between
local market distribution and global investment expertise. It is an integral
part of CA Asset Management's global network in all major financial markets. Address: 5th Floor HP Bldg. 23-3 Yeouido-dong,
Yeongdeungpo-gu, Seoul, 150-724, Korea Tel: +82-2-368-3600 / Fax: +82-2-368-3700 Website: www.nh-ca.com NH INVESTMENT & SECURITIES CO., LTD. NACF merged former Sejong Securities co.,
Ltd. in February 2006 and launched NH Investment & Securities Co., Ltd.
Along with the largest financial network of NACF in Korea, NHIS shows the
synergy effect in providing one-stop service to customers. NHIS develops new
financial products and derivatives customized to various customers' needs and
contribute to customers' property increase. Address: 891 Daechi-dong, Kangnam-gu,
Seoul, Korea Tel: +82-2-2004-4114 / Fax: +82-2-3454-0496 Website: www.nhis.co.kr |
|
Affiliates |
AGRICULTURAL COOPERATIVE ASSET MANAGEMENT
CO., LTD. The Agricultural Cooperative Asset Management
Co., Ltd. established in 2002 assists in the restructuring of Agricultural
Cooperatives, the NACF and its subsidiary companies. The company offers
support in selling their non-performing loans and non-operating assets. Address: 451 Seongnae-dong, Kangdong-gu,
Seoul 134-763, Korea Tel: +82-2-2224-8600 / Fax: +82-2-487-3691 Website: www.acamco.co.kr NH TOURS CO., LTD. Nonghyup Tours operates 11 branches in
Korea and 3 overseas offices in Tokyo, Osaka and Beijing. Farmers have the
opportunity to attend overseas training programs and tours offered by the
agency. These programs are held to facilitate the advancement of agricultural
technology in Korea. In addition, Nonghyup Tours produces audio-visual
educational materials to assist in the training of member farmers. Address: 553, Seongnae-dong, Kangdong-gu,
Seoul 134-851, Korea Tel: +82-2-2140-5000 / Fax: +82-2-2140-5120 Website: www.nhtour.co.kr THE NH INFORMATION SYSTEM CO., LTD. The NH Information System was established in
August 2006 with a professional IT staff and know-how with specialty in the
banking and agricultural marketing businesses. The company would like to
strengthen the IT competitiveness of the Nonghyup group, and also contribute
to development of the IT industry in Korean agriculture and rural
communities. Newly established, the company also would like to be the best IT
service company in Korea through the progressive young spirit. Address: 7F, 1009-1 Daechi-dong,
Kangnam-gu, Seoul Tel: +82-3497-2004 / Fax: +82-3497-2199 Website: www.nonghyupit.com NONGHYUP ECONOMIC RESEARCH INSTITUTE, INC. Established in 2006 with the vision of
"a center of community knowledge for the future of agriculture and rural
area," Nonghyup Economic Research Institute(NHERI) offers management
consulting services to regional agricultural cooperatives, and researches
policy issues on agriculture and agricultural finance. Address: 10F, Vavien 3, Soonhwa-dong,
Jung-gu, Korea Tel: +82-2-6399-5900 / Fax: +82-26399-5991 Website: www.nheri.re.kr NH DEVELOPMENT COMPANY LTD. NH development was founded in 1991 with its
businesses including developing/distributing farmers' education &
training supplies, and working on improving Nonghyup's Corporate Identity
(CI). The company also involved in PR activities, leasing cars, tours, and
maintenance services. Address: 553, Seongnae-dong, Kangdong-gu,
Seoul, Korea Tel: +82-2-2140-5113 / Fax: +82-2140-5060 Website: www.nhd.co.kr |
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
NONGHYUP AMERICA (100.0% held by the subject company) KOREA NONG HYUP INTERNATIONAL CO.,
LTD.(JAPAN) (100.0% held by the subject company) NH SHANGHAI TRADING CO., LTD.(CHINA) (100.0% held by the subject company) |
|
Corporate Ownership |
NONGHYUP AGRIBUSINESS GROUP INC.(110111-4809468) |
|
Major Shareholders |
NONGHYUP AGRIBUSINESS GROUP INC.(110111-4809468) |
|
Cooperative Enterprise |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO.,LTD.( 110111-0005078) KOREA EXPORT INSURANCE CORPORATION(110171-0008232) |
The Subject deals
with the companies in Austria, Belgium, Canada, Sri Lanka, China, Taiwan, France,
Hong Kong, Indonesia, Japan, North Korea, Malaysia, Mexico, Netherlands, New
Zealand, Singapore, Vietnam, Spain, Thailand, UAE, UK and USA.
No.
-----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.29 |
|
Euro |
1 |
Rs.72.89 |
|
KRW |
1 |
Rs.0.057 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TPT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.