MIRA
INFORM REPORT
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Report Date : |
07.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SAMSUNG INDIA ELECTRONICS PRIVATE LIMITED |
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Formerly Known As : |
SAMSUNG INDIA ELECTRONICS LIMITED |
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Registered Office : |
7th and 8th Floor, IFCI Building, 61, Nehru Place, New Delhi - 110019 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
03.08.1995 |
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Com. Reg. No.: |
55-71387 |
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CIN No.: [Company
Identification No.] |
U99999DL1995PTC071387 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS19222A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Colour Television, Refrigerator, Microwave Oven, Air Conditioners, Washing Machine, Digital Video Disc Player, Audio – Video Systems, Sterio, Video Cassettes, Computer and Related Hardware, Tele Communication Equipment and Other Home Appliances and Equipment. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 12000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a reputed multinational company operating in India since 1995. It is a leading provider of high tech consumer electronics, appliances, IT and Telecom products in the country. The company’s products branded “SAMSUNG” are well accepted in the market. It is making excellent progress in its business and profitability. Payments are correct and as per commitments. The company can be considered good for any normal business dealings. |
LOCATIONS
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Registered Office : |
7th and 8th Floor, IFCI Building, 61, Nehru Place, New Delhi - 110019 |
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Tel. No.: |
91-11-41511234 |
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Fax No.: |
91-11-41608818/19 |
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Website : |
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Corporate/Head Office/Factory : |
Plot No. B-1, Sector 81, Phase II, Noida District, Gautam Budh Nagar, Ghaziabad, Uttar Pradesh |
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Tel. No.: |
91-120-2568251 / 52 / 53 |
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Fax No.: |
91-120-2568256 / 57 |
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E-Mail : |
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Area : |
5,000 sq. fts (Leased) |
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Location : |
Commerical |
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Samsung Service: |
CC – 28, Kalkaji, New Delhi – 110013 |
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Tel. No.: |
91-11-42521234 |
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Fax No.: |
91-11-42528282 |
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Branches : |
Located at Mumbai, Jaipur, Lucknow, Chandigarh, Chennai, Hyderabad and Bangalore |
DIRECTORS
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Name : |
Mr. Byung Chuliee |
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Designation : |
Director |
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Address : |
Tower Palce A – 1004, Dongok – Dong, Kangnam – Gu, Seoul City – Korea |
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Date of Birth/Age : |
10.08.1953 |
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Date of Appointment : |
07.05.2004 |
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Name : |
Mr. B S Park |
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Designation : |
Director |
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Address : |
E 8/11 (1ts Floor), Vasant Vihar, New Delhi |
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Date of Birth/Age : |
30.11.1954 |
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Date of Appointment : |
07.01.2005 |
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Name : |
Mr. Chang Hyun Yoon |
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Designation : |
Director |
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Address : |
Q – 8, Hauz Khas Enclave, New Delhi – 110016 |
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Date of Birth/Age : |
10.04.1953 |
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Date of Appointment : |
14.02.2003 |
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Name : |
Mr. Young Bok Yoo |
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Designation : |
Director |
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Address : |
S – 41, 1st Floor, Panchsheel Enclave, New Delhi |
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Date of Birth/Age : |
09.06.1954 |
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Date of Appointment : |
03.02.2005 |
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Name : |
Mr. Kwang Soo Kim |
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Designation : |
Director |
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Address : |
203, Ground Floor, Golf Links, New Delhi |
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Date of Birth/Age : |
27.08.1950 |
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Date of Appointment : |
02.06.2003 |
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Name : |
Mr. Suck Ha Ho |
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Designation : |
Director |
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Address : |
203, Gound Floor, Golf Links, New Delhi |
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Date of Birth/Age : |
21.06.1950 |
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Date of Appointment : |
11.02.2005 |
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Name : |
Mr. Sunil K Goel |
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Designation : |
Director |
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Address : |
T – 6, Prasad Nagar, New Delhi |
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Date of Birth/Age : |
07.02.1961 |
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Date of Appointment : |
08.07.1997 |
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Name : |
Mr. Sharad C Sharma |
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Designation : |
Director |
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Address : |
18/19, Janpura Nagar, New Delhi |
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Date of Birth/Age : |
16.10.1978 |
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Date of Appointment : |
07.04.2005 |
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Name : |
Mr. Ravinder Zutshi |
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Designation : |
Director |
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Address : |
7, Vikram Vihar Extn. Lajpat Nagar IV, New Delhi |
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Date of Birth/Age : |
19.12.1954 |
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Date of Appointment : |
25.05.2005 |
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Name : |
Mr. Won Taek Yang |
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Designation : |
Director |
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Address : |
120 E, 1st Floor, Malcha Marg, Chanakya Puri, New Delhi |
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Date of Birth/Age : |
26.11.1958 |
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Date of Appointment : |
25.05.2005 |
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Name : |
Mr. Byung Suk Choi |
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Designation : |
Director |
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Address : |
8-1001, Kyungnam Apartments, 649, Gaepodong, Gangnam |
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Date of Birth/Age : |
28.01.1958 |
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Date of Appointment : |
07.05.2004 |
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Name : |
Mr. Jae Min Hwang |
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Designation : |
Director |
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Address : |
#94-1, Imsudong Gumi, Korea |
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Date of Birth/Age : |
20.06.1956 |
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Date of Appointment : |
25.05.2005 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Samsung Electronics Company Limited |
180120778 |
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Mr. Ravinder Zutshi |
10 |
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Mr. Sang Weon Jeong |
10 |
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Mr. Bong Sik Park |
10 |
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Mr. Sunil K Goel |
10 |
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Mr. Min Sik Choe |
10 |
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Mr. Chang Hyun Yoon |
10 |
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Total |
180120838 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Colour Television, Refrigerator, Microwave Oven, Air Conditioners, Washing Machine, Digital Video Disc Player, Audio – Video Systems, Sterio, Video Cassettes, Computer and Related Hardware, Tele Communication Equipment and Other Home Appliances and Equipment. |
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Products : |
v Mobile Phones v TV, Video and Audio v Computers and Related Products v Home Appliances v Semiconductor v TFT LCD Modules v Telecommunication System v Fiberoptics v CCTV v Compresors |
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Brand Names : |
“SAMSUNG” |
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Imports : |
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Countries : |
South Korea |
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Terms : |
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Selling : |
Cash or Credit (30 days) |
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Purchasing : |
L/C, Credit (30-60 days) and Others |
GENERAL
INFORMATION
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Customers : |
Wholesalers and Retailers |
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No. of Employees : |
600 |
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Bankers : |
v ICICI Bank Limited, 9-A, Connaught Place, New Delhi - 110 001 v Bank of America, Barakhamba Road, New Delhi |
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Facilities : |
-- |
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
Price Waterhouse Chartered Accountants |
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Address : |
P – 1, Aditya Vihar, Saidulajab Opposite D – Block, Saket, Mehrauli
Badarpur Road, New Delhi – 110030 |
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Memberships : |
Nil |
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Collaborators : |
Nil |
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Associates/Subsidiaries : |
Samsung Asia Private Limited, Singapore Samsung Electronics (Malaysia) SDN BHD Samsung Electronics Display (M) SDN, Malaaysia Samsung Electronics Huizhou Company Limited Suzhou Samsung Electronics Company, China Samsung Electronics Taiwan Company limited, Taiwan P.T. Samsung Electronics, Indonesia Samsung Electronics overseas B.V. Netherland Samsung Electronics H.K. Company Limited, Hong Kong Samsung Electronics UK Limited U.K. Thai Samsung Electronics Company Limited Samsung international Inc, USA Samsung Electronic America Inc, Samsung Kwangju Electronics Limited Tianjin Samsung Elect. Display company ;limited Samsumg Electronics Sozhou Computer, china Samsung Japan Corporation, Japan Samsumg Electronics Solvakia S.R.o, Slovakia Tianjin Tongguang Samsung Electronics Samsung Electronics Hungarian company Limited Samsung Electronica Da Amazonia Limited Samsung SDI Company Limited Korea Thailand Samsung Electronics Company Limited Samsung Electro-mechanics(HK) Limited Blue Tek Company Limited Korea, Samsung Vina Electronics Company. Limited, Vietnam Samsung Electronics –T S E, Tahiland Samsung Gulf Electronics Company Limited Samsung Telecommunication India Private Limited |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,00,00,000 |
Equity Shares |
Rs.10/- each |
Rs. 1000.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
180120838 |
Equity Shares |
Rs.10/- each |
Rs. 1801.208 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 [15 months] |
31.12.2003 [12 months] |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
1801.208 |
1801.208 |
1425.600 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
1254.804 |
990.390 |
1496.400 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
3056.012 |
2791.598 |
2922.000 |
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LOAN FUNDS |
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1] Secured Loans |
900.861 |
2517.740 |
1.400 |
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2] Unsecured Loans |
900.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
1800.861 |
2517.740 |
1.400 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
4856.873 |
5309.338 |
2923.400 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2676.628 |
2499.063 |
2437.600 |
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Capital work-in-progress |
99.608 |
76.775 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
117.238 |
31.500 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
4034.219
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3892.914
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2617.000 |
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Sundry Debtors |
1716.976
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2421.089
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1385.000 |
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Cash & Bank Balances |
350.572
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123.591
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107.100 |
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Other Current Assets |
0.000
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0.000
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0.000 |
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Loans & Advances |
1523.289
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1097.684
|
1539.100 |
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Total
Current Assets |
7625.056
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7535.278
|
5648.200 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
5330.138
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4764.111
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4525.200 |
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Provisions |
331.519
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69.167
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637.200 |
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Total
Current Liabilities |
5661.657
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4833.278
|
5162.400 |
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Net Current Assets |
1963.399
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2702.000 |
485.800 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
4856.873 |
5309.338 |
2923.400 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2006 |
31.03.2005 [15 months] |
31.12.2003 [12 months] |
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Sales Turnover |
38.508 |
45792.660 |
32325.500 |
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Other Income |
0.000 |
0.000 |
0.000 |
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Total Income |
38.508 |
45792.660 |
32325.500 |
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Profit/(Loss) Before Tax |
355.319 |
(656.849) |
501.500 |
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Provision for Taxation |
150.063 |
149.779 |
159.500 |
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Profit/(Loss) After Tax |
205.256 |
(507.070) |
342.000 |
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Earnings in Foreign Currency : |
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Other Earnings |
17006.812 |
23755.367 |
-- |
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Total Earnings |
17006.812 |
40762.179 |
-- |
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Imports : |
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Others |
1103.315 |
855.038 |
-- |
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Total Imports |
1103.315 |
1958.353 |
-- |
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Expenditures : |
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Other Expenditure |
37560.359 |
46449.509 |
31824.000 |
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Total Expenditure |
37560.359 |
46449.509 |
31824.000 |
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KEY RATIOS
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PARTICULARS |
|
31.03.2006 |
31.03.2005 [15 months] |
31.12.2003 [12 months] |
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PAT / Total Income |
(%) |
533.02
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(1.10)
|
1.06 |
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Net Profit Margin (PBT/Sales) |
(%) |
922.71
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(1.43)
|
1.55 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
3.44
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(6.54)
|
6.20 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.11
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(0.23)
|
0.17 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.44
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2.63
|
1.77 |
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Current Ratio (Current Asset/Current Liability) |
|
1.34
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1.56
|
1.09 |
LOCAL AGENCY
FURTHER INFORMATION
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Name of the company |
SAMSUNG INDIA ELECTRONICS PRIVATE LIMITED |
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1) Date and description of instrument creating the change |
Agreement of hypothecation of goods and assets dated 19.11.2004 Agreement of loan for overall limit dated 19.11.2004 |
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2) Amount secured by the charge/amount owing on the securities of
charge |
Rs. 900.000 Millions |
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3) Short particular of the property charged. If the property acquired
is subject to charge, date of the acquired of the property should be given |
Registered first charge on company others fixed assets |
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4) Gist of the terms and conditions and extent and operation of the
charge. |
Facility – 2 year bullet term loan facility with annual Interest rate – 5.47% for the first year Repayment date – Bullet repayment at 24 months from date of draw –
down Security – Pari passu first charge on the fixed assets |
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5) Name and Address and description of the person entitled to the
charge. |
Bank of America, Barakhamba Road, New Delhi |
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6) Date and brief description
of instrument modifying the charge |
05.10.2005 on document was executed but an equitable joint mortgage Bank of America for its etrm loan of Rs. 900.000 Millions ICICI Bank Limited for its EPGC Bank Guarantee facility of Rs. 150.000
Millions |
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7) Particulars of modifications specifying the terms and conditions or
the extent of operations of the charge in which modification is made and the
details of the modification. |
The facility secured under the above mentioned agreement of hypothecation
of goods and assets agreement of loan also now future secured dated
02.04.2003 |
HISTORY
The company was incorporated on 3rd August, 1995 at New Delhi having Company Registration Number 71387.
Highlights
August 1995 –
Certificate for commencement of business received by Samsung India
December 1995 –
Company launch in India, its operation was in North. Launch
held in Agra
May 1996 –
Launch in South, Home Appliances Launch
June 1996 –
Foundation stone laid for CTV Factory at Noida, Uttar Pradesh.
October 1996
Launch in West
June 1997 –
CTV Factory Inaugurated with Initial Plant Capacity of 400000 units per annum.
November 1997
Sponsorship of Indian Contingent to 13th Asian Games in Bangkok.
December 1997
Sponsorship of the lighting of the Permanent Asian Games Flame Ceremony at the National Stadium, New Delhi
January 1998
All India operations with launch in East
May 1998
New White goods Launch
Double Productivity Award from SEC – ISO 9002 Certification for
CTV Factory from BSI, UK and STQC Directorate, Department of Electronics.
July 1998
Visit of Mr. Jong Yong Yun, Vice Chairman and Chief Executive Officer of the company
September 1998
Mr. K. S. Kim appointed as the new Managing Director of the Company. Took charge from Mr. B. M. Park who was Managing Director, in company August 1995 September 1998.
November 1998
Its Running festival held at New Delhi, Parts of Samsung’s Bangkok Asian Games Programme, it drew participation form around 8000 people from all walks of life, it awarded ‘SAP Star Awar’ by SAP AG
January 1999
Company announced the maiden profit Rs. 50.000 million on a turnover of Rs. 5400.000 millions in the year 1998.
February 1999
Samsung showcased Digital Technology at IETF 1999 Samsung India Signs a 2 years contract with Kapil Dev to promote it as Brand Ambassador
March 1999
The company commences manufacturing microwave ovens at Noida Facility with capacity of 50000 units per annum
April 1999
A1+ Rating assigned by ICRA for it’s commercial Paper Programme, A1+ Rating indicates Highest Safety.
September 1999
Millennium Digital Campaign from it.
Launch of Digital Products in the country.
February 2000
Launch of its Bio range of products; Bio Ceramic Microwave Ovens Bio Fresh refrigerator range and Insta-Chil Air-Conditioners.
Sign Cine Star Tabu for endorsing the Home Appliances Range.
Sets up an R & D Centre for Colour Television at Noida, Investment US $ 5 millions.
Indian R& D Centre made the regional hub, catering to design requirements in India, Middle East and South east Asia.
March 2000
P1 + Rating by CRISIL for Samsung’s Commercial Paper Programme
May 2000
Launch of Samsung Electronics India (Private Limited) – Samsung’s 100 % subsidiary for IT and Telecom products in the country
July 2000
Samsung India produces its one millionth Colour television in India. The first MNC to achieve this milestone in India
September 2000
Its commences exports of Made in India Colour televisions to Western Europe.
Second production line set up at Noida for the manufacture of Projection TVs in India.
October 2000
Awards Rs. 0.500 million cash reward to K. Malleswari for winning the Bronze Medal at the Sydney Olympics. In addition, her Coach, Mr. Leonid Taranenka was awarded 0.250 million
November 2000
Vice Chairman & CEO, of the company visits India announces fresh investments of US$ 10 million for setting up a High tech, state of the art Colour Monitor Plant in India.
January 2001
The company announces its Corporate Initiative for year 2001 to be a Digital E-Company.
July 2001
Its 7th Colour Monitor Plant in the world and the first Colour Monitor Plant in India commences production. Plant Capacity 1.500 million units.
October 2001
It launches the hugely successful consumer promotion, the company ‘Phod ke Dekho’ offer between October 10 –November 20, the company generated Rs. 2750.000 millions sales from this promotion in the months of October-November 2001.
November 2001
It begins the domestic production of fully automatic washing machines at its 100000 capacity per annum unit at Noida.
December 2001
The company wins the Rajiv Gandhi National Quality Commendation Certificate for Best Quality in the Electrical and Electronics Industry for the year 1999.
January 2002
Samsung launches MDC or Market Driven Change Initiative.
February 2002
The Company commences domestic production of Air Conditioners. Plant capacity: 100000 units per annum.
October 2002
Samsung unveils new technology for Consumer Home
Entertainment (DNIe™)
December 2002
Construction commences for 5,000,000 refrigerator plant in
Noida
June 2003
Merger of SIEL with SEIIT.
Software technology park set up at Noida
August 2003
Commencement of production at refrigerator facility in
Noida.
November 2003
Inaugurated Samsung's new, High-Tech, advanced Refrigerator
facility.
February 2004
Mr. K. S. Kim appointed as the First President and Chief
Executive Officer of Samsung South West Asia.
February 2004
India made regional headquarters for Samsung Southwest Asia.
November 2004
Samsung received the Golden Peacock Special commendation Certificate
for Corporate Social Responsibility (Private Sector) for the year 2004 from Mr.
Shivraj Patil, Union Home Minister.
February 2005
Mr. S. H. Oh appointed as the President and Chief Executive
Officer of Samsung South West Asia.
September, 2005
Samsung has been awarded as the Best Retailer of the year
2005 in the consumer Durables category by the India Retail Forum. James Damian,
SVP, Best Buy and his team handed over the award to Mr. Ravinder Zutshi , Dy MD
, Samsung India at the India Retail award function held in Mumbai on 16th
September .
Business:
Subject is engaged as manufacturer of Colour Television, Refrigerator, Microwave Oven, Air Conditioners, Washing Machine, Digital Video Disc Player, Audio – Video Systems, Sterio, Video Cassettes, Computer and Related Hardware, Tele Communication Equipment and Other Home Appliances and Equipment.
Digital technology leader, the company is a subsidiary of the US$ 56 Billion Samsung Electronics Company Limited has been operating in India since 1995. It is a leading provider of high tech Consumer Electronics, Home Appliance, IT and Telecom Products in the country.
In its tenure of over 8 years in the country, the company has set up manufacturing facilities for Colour televisions, Microwave Ovens, Washing machines, Airconditioners, Colour Monitors and more recently, Refrigerators, in the country. All the facilities are located at its Manufacturing Complex at Noida, Uttar Pradesh. The company set up a Software Technology Park for Digital Visual Display Products at Noida in the Year 2002.
The company is a global leader in semiconductor, telecommunication and digital convergence technology. The company is the world's largest producer of memory chips, TFT-LCDs, CDMA mobile phones, monitors and VCRs. The company consists of five main business units: Digital Media Business, Telecommunication Network Business, Digital Appliance Business, Semiconductor Business and LCD Business.
In a short span of six years since its entry into the Indian market in December '95, Samsung India today is recognized as a leading provider of high tech Consumer Electronics and Home Appliance Products in the country. It has a market share 11% in the highly competitive colour television market in India and holds the No.2 Position in the Flat Television category . It holds significant market shares in the Frost free refrigerators, washing machines and Air-conditioned categories, while holding the No. 2 Slot in Microwave Ovens .
With 'Market Driven Change' being the guiding principle, the Company's
strategies to achieve its targeted turnover of Rs.15200.000 millions include :
Strengthening the Home Appliances Range
Having made a strong impact in the market with its ‘Bio’ range of Home Appliances – ‘Bio Fresh’ refrigerators, ‘Bio Ceramic’ Microwave ovens and its ‘Bio Cool’ series of Conventional refrigerators, Samsung India plans to further reinforce its Home Appliance range by launching 4-6 new models in every product category this year. The company commenced the domestic production of Washing Machines (November 2001) and Acs (February 2002), which is giving it the flexibility to meet the needs of the Indian customers. The Company expects the Home Appliances contribution to turnover to grow to 44 % in Y 2002 compared with 41.5 % contribution in Y 2001.
R & D Centre at the its Factory-Noida
The company invested US$ 5 millions in setting up an R & D Centre at its Noida facility. The R & D Centre is helping the Company customise its CTV range to meet the preferences of Indian customers. The R & D Centre has been made the Regional R & D Hub for its requirements not just for India but the entire Middle East and South East Asia Regions.
Initiating a Challenge 4000 Campaign at the CTV Factory
In terms of production, through focused campaign like the ACE 4 programme, the company CTV factory expects to increase its production capacity to 1.000 million units and 0.100 million units each for the Air Conditioner and washing machine units. The company expects to sell 700000 CTV’s in the domestic CTV market in 2002.
Web Based Service Management
The entire spares and service management of Samsung India has become web based with the implementation of Service net, its B2B Initiative linking a majority of the Authorised Service Centres to the company through the web.
Attaining Digital Leadership in the country
The Global Digital Initiative of the Parent Company, subject in India is seeking to acquire digital leadership in India by introducing its digital products in India. Some of the digital products that have already been introduced in the Indian market include Digital Video Disk Players, Digital ready televisions like the 4o0” LCD Projection TV, 43” Projection TV and the Plano series of Flat Colour Televisions.
The company India Targets to be a ‘Top Electronics Company’ in the country by the year 2003 with a turnover of Rs. 40000.000 millions, including its Consumer Electronics and IT Peripherals Business (SEIIT).
The company a leading provider of high tech consumer electronic products in the country, has been operating in India since December 1995. The company’s product Portfolio comprises of Colour televisions in the range 14’” 54” Projection TVs, ‘Bio-Fresh’ Refrigerators in the capacity 310 litres 670 litres, ‘ Bio-cool’ Conventional Refrigerators in the 175 litres 200 litres capacity, Air-conditioners including both window and Split type, semi-automatic and fully automatic washing machines (Capacity 5kg 6kg), including Front loading type, and Microwave Ovens (18 Its- 32lts).
The company is engaged in manufacturing various products, as under:
v Hard Disk Drive
v CD Rom / DVD Rom Drive
v CD Read / Write Solutions
v PC Monitor
v Laser Printer
v Multi Function Products
Subject is a joint venture company promoted by the US $ 13 billion Korean Company. The company has become one of the leading providers of high-tech, consumer electronics products in the country. It products have been well received in the Indian market.
The company has a market share of 35 percent on an all India basis in the category of over 300 litres frost-free refrigerators. Samsung India has the distinction of receiving the Quality System Certification within 10 months of commencing production at its CTV factory at Noida.
The company’s Generic
Names of Principal Products/Services is as under: -
Colour Television Receiver
Refrigerator
Air Conditioner
The company does not export.
It is in trade terms with:
Samsung, Seoul, Korea
Reasonable Computer Solutions, New Delhi
Press Release:
Samsung launches NEO (SCH – N500), the CDMA handset with
Speed
- First Samsung phone to be launched on the Tata Indicom
platform
"New Delhi, October 21, 2005: Digital technology leader, Samsung today announced the launch of its new, advanced CDMA handset, Samsung NEO (SCH - N500) on Tata Indicom platform. This Stylish and Solid Slim phone is designed to speed up things with its quick shortcuts, one-touch operations and speed dialing function. The Samsung NEO comes with features like Long Message Service (LMS) in English and Hindi as well as a large 2000 Phone Book Memory.
Specification of the phone:
Weight: 74 g
Size: 107 x 45 x 15.5 mm
Battery: 800 mAh
Language (Phone book and SMS): English, Hindi
Airplane mode: Available
PCsync
Antenna: Internal antenna
States Mr H C Ryu, Director-Telecom, Samsung, "By launching the Samsung
NEO with the Tata Indicom platform, they are significantly enhancing their
reach amongst CDMA handset users in India. They plan to enrich their CDMA
offering in the country by launching 2 more CDMA phones in the country this
year"
Features of the phone:
Instant Menu
Instant Speed Dial
Instant Lock
Instant Organiser
Instant SMS
Instant Vibrator
Samsung NEO weighs only 74 g, has an In-built antenna and PC synchronization. After research, a unique 'advanced shortcut' facility was added to N500 to allow easy and quick access to functions like dialing, SMS, calculator, scheduler and alarm. The LMS facility allows a user to enter 405 characters (in English) and 135 characters (in Hindi), unlike a normal SMS where a user is allowed to enter only 140 characters (for English) and 68 characters (for Hindi). 'Quick SMS', another unique feature, allows the user to send a predefined message to a predefined number by conveniently clicking a key four times.
To the ring tone hungry, the Samsung NEO (SCH - N500) offers 26 pre loaded polyphonic ring tones. The 'Airplane Mode' in the phone allows the user to use such features as Games, Memo Pad while the calling/data facility is switched off. The Samsung NEO is available with the TATA Indicom's 'Non Stop Mobile' offer at an attractive price of Rs. 2999 with 2 years of free incoming calls.
About Samsung Electronics
Samsung Electronics Co., Ltd. is a global leader in semiconductor,
telecommunication, digital media and digital convergence technologies with 2004
parent company sales of US$55.2 billion and net income of US$10.3 billion.
Employing approximately 113,000 people in over 90 offices in 48 countries, the
company consists of five main business units: Digital Appliance Business,
Digital Media Business, LCD Business, Semiconductor Business and
Telecommunication Network Business. Recognized as one of the fastest growing
brands, Samsung Electronics is the world's largest producer of color monitors,
color TVs, memory chips and TFT-LCDs. For more information, please visit www.samsung.com
Samsung sparks the PC Gaming revolution in India
New Delhi, October 14, 2005: Digital technology leader, Samsung India Electronics Ltd. today announced the launch of the year’s most eagerly awaited Cyber Olympics event in India – the World Cyber Games 2005. The event has been kicked off in Delhi at Himachal Bhawan, Mandi House yesterday.
The World Cyber Games is the world’s first “Cyber Game Festival”, designed to
build a healthy cyber culture. The best gamers around the world gather in
various cities to share the excitement and fun of the game tournaments. The
World Cyber Games (WCG) have been promoted on the lines of the International
Olympic movement. Samsung Electronics Co. Ltd, South Korea – is the main
sponsor for the WCG in over 75 countries this year. The winners from each of
the 75 countries will compete at the WCG finals being held at Suntec City
Singapore, between November 16 to November 20, 2005.
WCG – India Preliminary(s) will be held across 8 cities in India between October
13-31, 2005. The cities where the Preliminaries will be held include New Delhi,
Ahmedabad, Pune, Mumbai, Chennai, Bangalore, Hyderabad and Kolkatta The
Preliminaries will be followed by the Semi Finals and the Finals in Mumbai on
October 30th/31st. The Gaming Contest includes Team as well as individual
games. “PC Gaming is today a very evolved sport – fostering virtues of ‘team
work’, ‘healthy competitiveness’ between teams & individuals and there is a
strong emphasis planning and analytical skills.” Games like Counter Strike (5
member team game ) , Warcraft , FIFA football , Warhammer and Need for Speed
test these attributes in the gamers . “While most of us interface with the PC
as a productivity enhancement tool, today PC gaming is emerging as a very
strong entertainment platform across the world”, states Mr. Harry Ahn, GM, IT
Products.
Recognizing the needs of the rapidly growing gaming industry in India, Samsung
now offers a range of products designed keeping the discerning customers in
mind. For serious gamers, Samsung’s MagicGreenTM Monitors, SATA HDD and Combo
Drives are ideal. The MagicBright²Ô technology in Samsung’s recently introduced
Magic Green monitors allows for change in screen brightness to suit multiple
applications. The technology offers specialized settings for four highly used
applications –Movie Mode; Game mode; Internet mode & Text mode.PC Gaming is
also a very good application to appreciate the virtues of ‘Performance
Computing’. Today leading edge technologies – like high performance SATA
hard-disk drives, 64-bit computing and ‘converged’ display devices like
MagicGreen monitors – make the PC Gaming experience more realistic and
complete.
Indiagames – an award winning multi-platform gaming company involved in
publishing and developing wholesome, interactive and entertaining gaming
experiences – is working along-with Samsung India to successfully execute the
WCG event this year. They develop games for wireless, console and online gaming
platforms.Also supporting WCG-2005 in India this year is the Sify i-Way chain
of cyber-cafes.
About Samsung India
Samsung India is the Regional Headquarters for Samsung’s operations in South
West Asia, and is a leading provider of high tech information technology,
telecom, consumer electronics and home appliance products in the country.
Samsung Electronics Co., Ltd., the parent Company of Samsung India is a global
leader in semiconductor, telecommunication, digital media and digital
convergence technologies with 2004 parent company sales of US$55.2 billion and
net income of US$10.3 billion.
Samsung Launches New, Advanced ‘E Series’ of Mobile
Handsets
- Festival launch includes 3 new GSM handsets
New Delhi, October 14, 2005: Digital technology leader, Samsung India today announced the launch of its new, advanced, E-series of camera mobile phones in the Indian market –E730, E-530 and E-880, priced in the range Rs.14, 099 ~Rs.16, 449.
E-730: With a 262K TFT LCD Display, this compact folder phone is
equipped with a 1.3 mega pixel camera with Flash, MP3 Player, External Music
key, Stereo FM Radio and Speakerphone with Voice Clarity Function. The unique
feature of this triband, GPRS phone is its ability to print directly via blue
tooth, eliminating the need for a cable. The user can also record his/her voice
as a caller/alarm tone in the phone. Weighing only 88 g, this phone has 1 hour
recording capability, 1000x5 phone book memory, 90MB user memory and 7 Regional
language menu –Hindi, Marathi, Tamil, Bengali, Punjabi, Gujarati and Kannada.
E-530: The E-530, with a mega pixel camera and an inbuilt flash has a 4X
Digital Zoom function and 1 hour video recording capability. It is equipped
with a 90 MB memory, MP3 Player, Bluetooth and SyncML DS Connectivity. This
GPRS phone has a 262K colour internal TFT screen and a 65,000 Colour External
OLED Screen. It has a 7 Regional language menu and 64 polyphonic ring tones.
E-880: This soft touch, slide up phone has a semi-automatic, 1.0
megapixel camera with a 1-hour video recording functionality. This triband
phone, which is priced at Rs 14099/-, comes with a 90MB memory, Bluetooth
connectivity, MP3 Player, 64 polyphonic/MP3 Ringtones and a 1000x5 phone book
memory. A unique Plug in speaker is also provided with the Set.
The E530 and E880 support a unique video wallpaper function, which allows the
user to even record his/her own personal video and set it as wallpaper. “The
new E-series are targeted both at professionals and high life seekers who are
looking at innovative features and stylish looks,” says Mr. H. C. Ryu,
Director-Telecom, Samsung. With the introduction of the new E-series, Samsung
now has a range of 14 mobile phones,
About Samsung India
Samsung India is the Regional Headquarters for Samsung’s operations in South
West Asia, and is a leading provider of high tech information technology,
telecom, consumer electronics and home appliance products in the country.
Samsung Electronics Co., Ltd., the parent Company of Samsung India is a global
leader in semiconductor, telecommunication, digital media and digital
convergence technologies with 2004 parent company sales of US$55.2 billion and
net income of US$10.3 billion.
Key Management
Personnel:-
S.H. Oh , Managing Director (w.e.f Feb11,2005)
K.S. Kim, Managing Director (upto Feb 6, 2005)
CH-Yoon, Director (upto Jan 20, 2005)
M. Y. Lee, Director (upto May7,2004)
J.H. Lee, Director (upto May 7,2004)
J. I. Lee, Whole Time Director (upto May 7, 2004)
Kunal Ahuja, Vice President, Telecom Sales(upto Dec 31, 2004)
B S Park, Whole Time Director ( upto February 14,2006)
B. C. Lee, Director (w.e.f May7, 2004)
Ravi Zutshi, Deputy Managing Director (w.e.f May 25,2005)
Vivek Prakash, Vice President, It Sales (upto January 01,2005)
Y.B. Yoo, Whole Time Director (w.e.f. Feb3,2005)
Hong Seok Ahn, Vice President
S. H. Lee, General Manager
K Y Kin General Manager
Won Taek Yang, Whole Time Director(w.e.f.May 25,2005)
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.15 |
|
UK Pound |
1 |
Rs.85.22 |
|
Euro |
1 |
Rs.57.63 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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%)
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|