|
Report No. : |
312471 |
|
Report Date : |
13.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
NONGHYUP FEED INC. |
|
|
|
|
Registered Office : |
528, Olympic-ro, Gangdong-gu, Seoul, 4th Fl., Seoul Branch of NACF,
Zip Code 134-763 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
31.08.2002 |
|
|
|
|
Com. Reg. No.: |
212-81-59971 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
· Engaged as Manufacturer of Livestock Feeds and Prepared Animal Feeds ·
Engaged in Selling of Dog And Cat Food,
Livestock Feed, Poultry Food & Pig Food |
|
|
|
|
No of Employees : |
722 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 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, and is currently the
world's 12th largest economy. Initially, a system of close government and
business ties, including directed credit and import restrictions, 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
6.9% 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
6.3% growth in 2010. The US-Korea Free Trade Agreement was ratified by both
governments in 2011 and went into effect in March 2012. Throughout 2012 and
2013 the economy experienced sluggish growth because of market slowdowns in the
United States, China, and the Eurozone. The administration in 2014 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 heavy reliance on exports,
which comprise about half of GDP.
|
Source : CIA |
|
Company Name |
NONGHYUP FEED INC. (Korean Company Name : “(주)농협사료”) |
|
Registered Address |
528, Olympic-ro, Gangdong-gu, Seoul, Korea |
|
Building |
4th
Fl., Seoul Branch of NACF |
|
Zip Code |
134-763 |
|
Tel |
+82-2-6932-9700 |
|
Fax |
+82-2-6932-9880 |
|
E-mail |
|
|
Website |
|
|
Trading
Address |
4th Fl., Seoul Branch of NACF, 528,
Olympic-ro, Gangdong-gu, Seoul, Korea (Old Address System : 4th Fl., Seoul Branch of NACF, 451, Seongnae
1-dong, Gangdong-gu, Seoul, Korea) |
|
Tel |
+82-2-6932-9700 |
|
Fax |
+82-2-6932-9880 |
|
Other
Address |
154, Daesin-ro, Heungdeok-gu, Cheongju-si, Chungcheongbuk-do, Korea |
|
Type |
Export/Import |
|
Main Business |
· Engaged as Manufacturer of Livestock Feeds and Prepared Animal Feeds ·
Engaged in Selling of Dog And Cat Food,
Livestock Feed, Poultry Food & Pig Food |
|
Established (mm/dd/yyyy) |
08/31/2002 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Dog
and cat food(10121800) |
|
Sell |
Livestock
feed(10121500) |
|
Sell |
Poultry
food(10121604) |
|
Sell |
Pig
food(10122101) |
|
Name |
Chae Hyung-Seok |
|
Address |
Suite 310-2304, 34, Donong-ro, Namyangju-si,
Gyeonggi-do, Korea |
|
Date of Birth |
10/04/1958 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
66,768,010,000 |
|||||||||
|
Employees |
722 |
|||||||||
|
Formation |
Co., Ltd by Shares A
Company of NONGHYUP GROUP |
|||||||||
|
Bank Details |
NH Nonghyup Bank |
|||||||||
|
Corporate Registered No. |
110111-2600313 |
|||||||||
|
Business Registered No. |
212-81-59971 |
|||||||||
|
Permit & Licenses |
Int’l
Trade No.: 45045257 |
|||||||||
|
Shareholder Position |
|
|||||||||
|
Company History |
08/31/2002 Incorporated as the present name 12/13/2007
Increased capital to 66,768,010,000 KRW
from 56,768,010,000 KRW |
|||||||||
|
|
|
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Chae Hyung-Seok |
Male |
Korean |
02/26/2014 |
|
Outside
Director |
Mr. |
Yang Seung-Ryong |
Male |
Korean |
09/24/2012 |
|
Director |
Mr. |
Jung Jin-Tae |
Male |
Korean |
02/26/2014 |
|
Director
/ Auditor |
Mr. |
Kim Byung-Hwa |
Male |
Korean |
03/21/2014 |
|
Director |
Mr. |
Lee Ki-Soo |
Male |
Korean |
04/08/2014 |
|
Director
/ Auditor |
Mr. |
Lee Chul-Ho |
Male |
Korean |
04/08/2014 |
|
Director |
Mr. |
Kim Young-Kyo |
Male |
Korean |
04/08/2014 |
|
Director
/ Auditor |
Mr. |
You In-Jong |
Male |
Korean |
04/08/2014 |
|
Director |
Mr. |
Ko Dong-Soo |
Male |
Korean |
04/08/2014 |
|
Director |
Mr. |
Ahn Jong-Hwa |
Male |
Korean |
04/08/2014 |
|
Director |
Mr. |
Choi Sung-Cheon |
Male |
Korean |
04/08/2014 |
|
Director |
Mr. |
Hong Soon-Kyung |
Male |
Korean |
04/08/2014 |
|
Director |
Mr. |
Choi nKi-Hwan |
Male |
Korean |
04/08/2014 |
|
Director |
Mr. |
Kang Dong-Choon |
Male |
Korean |
04/08/2014 |
|
Director
/ Auditor |
Mr. |
Lee Kwang-Ha |
Male |
Korean |
04/08/2014 |
|
Director
/ Auditor |
Mr. |
Kwon Ki-Soo |
Male |
Korean |
04/08/2014 |
|
Director |
Mr. |
Jung Dong-Chae |
Male |
Korean |
04/08/2014 |
|
Director |
Mr. |
Sohn Won-Oh |
Male |
Korean |
04/08/2014 |
|
Director |
Mr. |
Park Hak-Kyu |
Male |
Korean |
04/08/2014 |
|
Director |
Mr. |
Lee Jung-Woo |
Male |
Korean |
05/21/2014 |
|
Director |
Mr. |
Nam In-Sik |
Male |
Korean |
02/16/2015 |
|
Director |
Mr. |
Chae Won-Bong |
Male |
Korean |
02/16/2015 |
|
Year / Unit
: KRW |
Sales |
Assets |
Net Income |
|
2013 |
1,501,243,590,468 |
632,728,586,472 |
27,559,322,492 |
|
2012 |
1,435,418,870,942 |
724,431,270,796 |
24,968,729,679 |
|
2011 |
1,254,244,549,792 |
627,564,558,144 |
26,064,506,837 |
|
2010 |
1,061,567,214,940 |
547,625,480,660 |
27,603,726,994 |
|
2009 |
1,141,542,681,970 |
514,991,680,468 |
22,042,353,170 |
|
Authorized Capital(KRW) |
227,072,040,000 |
|
Paid-Up Capital(KRW) |
66,768,010,000 |
|
Total Issued Shares |
13,353,602 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of
12/31/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Total Assets |
632,728,586,472 |
724,431,270,796 |
627,564,558,144 |
|
Current Assets |
417,007,620,635 |
519,532,704,263 |
446,619,193,616 |
|
-Quick
Assets |
263,101,813,135 |
336,107,218,292 |
284,904,491,143 |
|
-Inventories |
153,905,807,500 |
183,425,485,971 |
161,714,702,473 |
|
Fixed
Assets |
215,720,965,837 |
204,898,566,533 |
180,945,364,528 |
|
-Investment |
27,992,247,482 |
17,967,509,293 |
12,184,847,407 |
|
-Tangibles |
179,997,794,896 |
179,436,409,735 |
162,502,645,111 |
|
-Intangibles |
2,954,887,984 |
2,094,499,575 |
1,031,284,114 |
|
-Others |
4,776,035,475 |
5,400,147,930 |
5,226,587,896 |
|
Total Liabilities |
466,521,142,565 |
580,995,973,068 |
503,401,428,190 |
|
Current Liabilities |
454,247,310,557 |
519,897,965,489 |
441,656,325,778 |
|
Fixed Liabilities |
12,273,832,008 |
61,098,007,579 |
61,745,102,412 |
|
Capital Stock |
66,768,010,000 |
66,768,010,000 |
66,768,010,000 |
|
Capital Surplus |
|
|
|
|
Profit Surplus |
99,699,748,248 |
76,827,695,247 |
57,200,406,368 |
|
Capital Adjustment |
-260,314,341 |
-160,407,519 |
194,713,586 |
|
Total Equity |
166,207,443,907 |
143,435,297,728 |
124,163,129,954 |
|
Liab. & Shareholder’s Equity |
632,728,586,472 |
724,431,270,796 |
627,564,558,144 |
|
Current
Liabilities |
454,247,310,557 |
519,897,965,489 |
441,656,325,778 |
|
Trade Payables |
81,121,630,795 |
155,105,811,979 |
58,563,010,470 |
|
Short-Term Borrowings |
313,332,181,988 |
226,803,910,386 |
257,479,258,573 |
|
Account Payables |
26,902,673,845 |
27,231,833,197 |
14,169,226,072 |
|
Advance Receipts |
10,688,976,033 |
11,122,676,300 |
9,996,282,104 |
|
Withholdings |
2,907,113,319 |
3,382,222,649 |
1,770,328,160 |
|
VAT Withhold |
825,680,280 |
415,807,680 |
823,203,120 |
|
Withholdings |
338,246,507 |
653,305,687 |
307,114,282 |
|
Accrued Expenses |
3,101,729,846 |
871,973,461 |
1,083,187,830 |
|
Current Portion of Long-Term
Debts |
8,723,181,510 |
86,971,516,075 |
97,464,715,167 |
|
Accrued Income Tax |
6,305,896,434 |
7,338,908,075 |
- |
|
Fixed
Liabilities |
12,273,832,008 |
61,098,007,579 |
61,745,102,412 |
|
Long-Term Borrowings |
7,713,841,508 |
59,801,546,509 |
60,076,018,488 |
|
Provision for Severance & Retirement |
19,085,138,186 |
14,814,126,955 |
11,591,019,862 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of
12/31/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Sales |
1,501,243,590,468 |
1,435,418,870,942 |
1,254,244,549,792 |
|
Cost of Sold Goods |
1,390,739,402,570 |
1,331,304,545,672 |
1,157,952,085,316 |
|
Gross Profit |
110,504,187,898 |
104,114,325,270 |
96,292,464,476 |
|
Selling & Admin. Expenses |
75,972,051,620 |
86,261,626,867 |
55,528,325,156 |
|
Operating Income |
34,532,136,278 |
17,852,698,403 |
40,764,139,320 |
|
Non-Operating Income |
21,824,648,259 |
26,420,365,296 |
18,951,889,761 |
|
Non-Operating Expenses |
22,336,345,221 |
12,990,292,422 |
23,608,023,654 |
|
Income Before Taxes |
34,020,439,316 |
31,282,771,277 |
36,108,005,427 |
|
Income Taxes Expenses |
6,461,116,824 |
6,314,041,598 |
10,043,498,590 |
|
Net Income |
27,559,322,492 |
24,968,729,679 |
26,064,506,837 |
Cash Flows
|
|||
|
Unit : Korean Won |
As of
12/31/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Cash Flows from Operating |
48,173,254,764 |
116,939,933,037 |
-110,460,552,895 |
|
-Net Income |
27,559,322,492 |
24,968,729,679 |
26,064,506,837 |
|
-Exp. without Cash Outflow |
24,394,330,763 |
33,011,932,293 |
18,233,390,208 |
|
-Revenue without Cash Inflows |
-4,010,566,271 |
-8,006,915,722 |
-3,195,451,469 |
|
-Changes in Asset/ & Liability |
230,167,780 |
66,966,186,787 |
-151,562,998,471 |
|
Cash Flows from Investing |
-76,882,580,133 |
-41,819,751,049 |
-31,378,685,870 |
|
-Cash Inflow from Investing |
1,574,208,759 |
3,522,382,800 |
54,968,033 |
|
-Cash Outflows for Investing |
-78,456,788,892 |
-45,342,133,849 |
-31,433,653,903 |
|
Cash Flows from Financing |
-44,304,416,451 |
-40,266,974,577 |
121,167,160,723 |
|
-Cash Inflows from Financing |
1,161,106,873,007 |
1,088,959,562,556 |
1,015,199,858,585 |
|
-Cash Outflows from Financing |
-1,205,411,289,458 |
-1,129,226,537,133 |
-894,032,697,862 |
|
Increase/Decrease in Cash |
-73,013,741,820 |
34,853,207,411 |
-20,672,078,042 |
|
Cash at the Beginning of Year |
84,864,139,767 |
50,010,932,356 |
70,683,010,398 |
|
Cash at the End of Year |
11,850,397,947 |
84,864,139,767 |
50,010,932,356 |
|
Main Products & Services |
Feeds |
|
Suppliers |
CJ
CORP.(110111-0015639) |
|
Competitors |
WOOGENE
B&G CO., LTD. 230,
JEONGMUNSONGSAN-RO, YANGGAM-MYEON, HWASEONG-SI, GYEONGGI-DO, KOREA TEL:+82-31-352-0185 FAX:+82-31-352-1488 WOOSUNG CO.,
LTD. 33-19, TOYANG-RI,
EUNJIN-MYEON, NONSAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-741-7836~40 FAX:+82-41-742-6205 VIXXOL
CORPORATION 220-10,
ANYANG 7-DONG, MANAN-GU, ANYANG-SI, GYEONGGI-DO, KOREA TEL:+82-31-467-6767 FAX:+82-31-468-1502 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
NONGHYUP FINANCIAL GROUP INC.(110111-4809450) NONGHYUP BANK CO., LTD(110111-4809385) NANUM LOTTO(110111-3726746) KOREA
CREDIT BUREAU(110111-3173369) |
|
Affiliates |
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 TRADING CO.,
LTD. The KACT was established in 1990 to promote
the export of agricultural goods produced by member farmers. The company is
exporting to 30 countries such as Japan and the US. Exports totaled USD 45
million in 2006. The company also imports farm inputs for member
cooperatives. Address: 553, Seongnae-dong, Gangdong-gu,
Seoul 134-851, Korea Tel: +82-2-2225-2300 / Fax: +82-2-470-1972 Website: www.kact.net 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 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 |
|
Overseas Office |
NH-COFEED FEEDMILL(TAINJIN) CO., LTD. (30.0% held by the subject company) |
|
Subsidiary |
NH HAY, INC. (100.0% held by the subject company) NONGHYUP TMR AGRICULTURAL CO., LTD.(175611-0013339) (60.4% held by the subject company) |
|
Corporate Ownership |
NATIONAL AGRICULTURAL COOPERATIVE FEDERATION(110136-0027690) NONGHYUP AGRIBUSINESS GROUP
INC.(110111-4809468) |
|
Major Shareholders |
NONGHYUP AGRIBUSINESS GROUP
INC.(110111-4809468) |
|
Cooperative Enterprise |
-Insured Company NONGHYUP
PROPERTY & CASUALTY INSURANCE CO., LTD.(110111-4809369) |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.57 |
|
UK Pound |
1 |
Rs.93.57 |
|
Euro |
1 |
Rs.65.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared by
: |
MNL |
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.