MIRA
INFORM REPORT
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Report Date : |
27.06.2007 |
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, |
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Country : |
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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, Stereo, 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 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, |
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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, |
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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 |
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Location : |
Leased (Commercial) |
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Samsung Service: |
CC – 28, Kalkaji, |
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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, |
DIRECTORS
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Name : |
Mr. Byung Chuliee |
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Designation : |
Director |
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Address : |
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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, |
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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, |
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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, |
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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, |
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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, |
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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, |
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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, |
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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, |
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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, |
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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, |
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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, Stereo, 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 Fiber optics v CCTV v Compressors |
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Brand Names : |
“SAMSUNG” |
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Imports : |
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Countries : |
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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, v
Bank of |
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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, Samsung Electronics ( Samsung Electronics Display (M) SDN, Samsung Electronics Huizhou Company Limited Suzhou Samsung Electronics Company, Samsung Electronics Taiwan Company limited, P.T. Samsung Electronics overseas B.V. Netherland Samsung Electronics H.K. Company Limited, Samsung Electronics UK Limited Thai Samsung Electronics Company Limited Samsung international Inc, Samsung Electronic America Inc, Samsung Kwangju Electronics Limited Samsung Electronics Sozhou Computer, china Samsung Japan Corporation, Samsung Electronics Samsung Electronics Hungarian company Limited Samsung Electronica Da Amazonia Limited Samsung SDI Company Limited Thailand Samsung Electronics Company Limited Samsung Electro-mechanics(HK) Limited Blue Tek Company Limited Samsung Vina Electronics Company. Limited, Samsung Electronics –T S E, Samsung Gulf Electronics Company Limited Samsung Telecommunication India Private Limited |
CAPITAL STRUCTURE
Authorized Capital :
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No. of Shares |
Type |
Value |
Amount |
|
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
|
1385.000 |
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Cash & Bank Balances |
350.572
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123.591
|
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
|
1097.684
|
1539.100 |
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Total
Current Assets |
7625.056
|
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
|
4525.200 |
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Provisions |
331.519
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69.167
|
637.200 |
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Total
Current Liabilities |
5661.657
|
4833.278
|
5162.400 |
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Net Current Assets |
1963.399
|
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
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 [15 months] |
31.12.2003 [12 months] |
|
PAT / Total Income |
(%) |
533.02
|
(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) |
|
2.44
|
2.63
|
1.77 |
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Current Ratio (Current Asset/Current Liability) |
|
1.34
|
1.56
|
1.09 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
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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
Highlights
August 1995 –
Certificate for commencement of business received by Samsung
December 1995 –
Company launch in
held in
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
December 1997
Sponsorship of the lighting of the Permanent Asian Games
Flame Ceremony at the National Stadium,
January 1998
All
May 1998
New White goods Launch
Double Productivity Award from SEC – ISO 9002 Certification for
CTV Factory from
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
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
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
September 2000
Its commences exports of Made in India Colour televisions to
Second production line set up at Noida for the manufacture
of Projection TVs in
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 and 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
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.
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
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
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
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
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
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
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
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 customize 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
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
Attaining Digital Leadership in the country
The Global Digital Initiative of the Parent Company, subject
in
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
The company is engaged in manufacturing various products, as under:
v Hard Disk Drive
v
CD Rom /
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
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,
Reasonable Computer Solutions,
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
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
Features of the phone:
Instant Menu
Instant Speed Dial
Instant Lock
Instant Organizer
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
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,
WCG – India Preliminary(s) will be held across 8 cities in
Recognizing the needs of the rapidly growing gaming industry in
Indiagames – an award winning multi-platform gaming company involved in
publishing and developing wholesome, interactive and entertaining gaming
experiences – is working along-with Samsung
About Samsung
Samsung
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 memories, 90MB user memory and 7
Regional language menus –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, and Samsung. With the introduction of the new E-series,
Samsung now has a range of 14 mobile phones,
About Samsung
Samsung
Key Management
Personnel:-
S.H. Oh , Managing Director (w.e.f Feb11,2005)
K.S. Kim, Managing Director (upto
CH-Yoon, Director (upto
M. Y. Lee, Director (upto May7, 2004)
J.H. Lee, Director (upto May 7, 2004)
J. I. Lee, Whole Time Director (upto
Kunal Ahuja, Vice President, Telecom Sales (upto
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
Vivek Prakash, Vice President, It Sales (upto
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)
Samsung
New Centre inaugurated by Regional President and CEO
The Samsung India Software Centre which was
set up in October 2002 with 15 employees, today has 300 employees working for
global software requirements in the areas of Analogue and Digital TVs, CDT and LCD Monitors, Camcorders, DVD
Players, MP3 Players, Client Server based Displays, Notebook and Desktop
PCs. By this year-end Samsung India
Generation Wireless Technology (WiFi, WiBro etc.) Thin Clients and Home Network
Solutions.
This Software Centre, which is one of Samsung’s 16 Global R&D
Centres, is today poised to become the biggest overseas R&D Centre for
Digital Media products. States Dr Vikram Vij, VP –R&D, Samsung India
Software Center, "Over the past four and a half years, the role of SISC
has evolved from project support for our Headquarter requirements to base IP
development for key areas in TVs/ Monitors/ DVD Players and Camcorders. The
mission of SISC is to create and provide Software solutions for the global
Digital Media Business. SISC has recently played a leading role in developing
Software for the Company's just launched Bordeaux Art and Mosel Blaque series
of LCD televisions as well as Software solutions for the television solutions
for the Hospitality industry and Desktop Imaging Software solutions for
Monitors. " We will be investing US$ 5 Million towards expanding the
Operations of SISC in this Year and will focus on product development for
worldwide market as well as value added features for Indian market",
states Dr Vij. It has already applied for 25 patents so far. "We expect to
file another 10-15 patents by the end of this year", states Dr Vij.
In addition to SISC, the Samsung R&D operations in
About Samsung
Samsung
Flat Panel
televisions to drive Samsung Audio-Video business growth
Launches three new series of
LCD televisions in the Indian market
Seeks to consolidate market
leadership in Flat Panel televisions in India
Samsung India, which commenced manufacturing Flat Panel TVs at its Noida
facility in India in June last year, is planning to augment its LCD
manufacturing capacity, by commencing the production of LCD TVs at its Chennai
facility from August this Year. The LCD TV manufacturing capacity of the
Chennai facility will be 200,000 units per annum.” Flat Panel TVs should
contribute 11% by volume to our total TV sales this year and we expect this
contribution to grow to at least 30% by the Year 2009”, states Mr. Pradeep
Tognatta, Director – Sales, Samsung
Today, announced the launch of its advanced Bordeaux Art LCD series. The
Bordeaux Art LCD series, builds on the design platform of the
The Samsung Mosel Blaque LCD range brings the finest picture quality ever
offered 1080p Full HD
in a beautifully sophisticated, elegant design. The 1920X1080p Full HD display
gives 1.5 times more scanning lines than conventional HD, to give detail, depth
and clarity of images, never seen before. The Super Clear Panel of the Mosel Blaque delivers
outstanding clarity by enhancing the colour reproduction level and boosting the
contrast ratio even in bright viewing surroundings. Equipped with exclusive
features like Wide Colour Enhancer,
Movie Plus and a 15000:1
Dynamic Contrast ratio, the Mosel Blaque reveals the full HD potential
of this exciting technology through its unparalleled quality, lifelike images.
Three HDMI connections, Game Mode, SRS TruSurround of the Mosel Blaque series
allow the user to experience the full excitement, with all detail, colour and
action. The Mosel Blaque series, available in 40”, 46” and 52” screen sizes, is
priced at Rs 150,000/-, Rs.240, 000/- and Rs 500,000/- respectively.
The Sonoma Trenz LCD series represent the classic and elegant design of Samsung
at its most affordable level. The High Definition (HD) ready display lets the
user enjoy vivid, lifelike detail. A refined side speaker design with high
gloss frame; two HDMI connections for linking with other HD devices; a 7000:1
Dynamic contrast ratio; Game Mode and Swivel stand for greater convenience, are
some of the features offered by the Sonoma Trenz series. While the Sonoma Trenz
LA32S8 is priced at Rs 60,000/-, the LA40S8 is priced at Rs 100,000/- and the
LA46S8 is priced at Rs 150,000/-. With the introduction of the three new LCD
series, Samsung has a range of 12 LCD models priced in the range between Rs.29,
900/- to Rs.500, 000/-.”We are targeting sales of 200,000 Flat Panel TVs in the
Indian market this Year”, states Mr Tognatta.
Samsung today also announced the launch of four new, premium HD Plasma
televisions in the Indian market, boasting of unbeatable clarity, sharp detail,
rich sound design and impressive connectivity, for a true home cinema
experience. The new, Samsung premium Plasma televisions (available in C9 and Q9
series) boast a combination of Filter Bright, Super Black Panel and Optimal
Light filter to provide sharp contrast and pure clarity in any lighting
conditions. The ‘Natural True Colour ‘feature of the Samsung Plasma range, with
its 18 bit processing capacity, ensures deeper, more realistic reproduction of
colour and corrects colour balance errors. Further, an incredibly high contrast
ratio of 15000:1 gives an extraordinary amount of colour depth and definition.
Smart Frame Plus that eliminates flickering, Silhouette Editor that ensures
that the tone and shape of an image remains sharp and Movie Plus for smoother
motion during fast moving scenes, all combine to ensure Real Motion, without any compromise. Coupled
with Movie mode, Game Mode and HDMI connections, the new Samsung Plasma range,
is a ‘must have’ for the film aficionado. While the 42C9 and 50C9 models are
priced at Rs 89,000/- and Rs 170,000/- respectively, the 42Q9 is priced at Rs
100,000/- while the 50Q9 is priced at Rs 180,000/-. With the introduction of
the new models, Samsung has a range of 5 Plasma TVs in the price range between
Rs 89,000/- to Rs. 540,000/-, available in screen sizes between 42” to 63”. “We
are targeting a market share of 40% in the Plasma TV segment this Year”, states
Mr Tognatta.
We plan to enhance visibility and create awareness for our Flat Panels
by setting up LCD Displays at our multibrand counters; Samsung Brand Shops and
over 150 Samsung Dream Home RoadShows that we plan to carry out all over the
country”, states Mr Zutshi. The Company also plans to tap new, emerging retail
formats for its Flat Panel and Digital Media business. In addition to the Flat
Panel displays being launched today, the Company also plans to aggressively
launch new UltraSlimTM televisions, Digital Still Cameras, Digital Audio
players and Digital camcorders in the Indian market in the month of May.
About Samsung
Samsung
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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.41.01 |
|
|
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.55.04 |
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 |
|