MIRA
INFORM REPORT
|
Report Date : |
26.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
SAMHO
NONGSAN CO., LTD. |
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|
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Registered Office : |
52-33, Sinjeong-ri, Yongji-myeon, Gimje-si,
Jeollabuk-do - 576-973 |
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Country : |
Korea |
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Date of Incorporation : |
06/18/1993 |
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Legal Form : |
Company Limited by shares |
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Line of Business : |
Manufacture of Animal Feed, Fertilizer |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
Basic
|
Company
Name |
SAMHO
NONGSAN CO., LTD. |
|
Registered Address |
52-33, Sinjeong-ri, Yongji-myeon, Gimje-si,
Jeollabuk-do, Korea |
|
Zip Code |
576-973 |
|
Tel |
+82-63-545-3534 |
|
Fax |
+82-63-545-3531 |
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E-mail |
gnr79@nate.com |
|
Trading Address |
52-33, Sinjeong-ri, Yongji-myeon, Gimje-si,
Jeollabuk-do, Korea |
|
Tel |
+82-63-545-3534 |
|
Fax |
+82-63-545-3531 |
|
Type |
Import/Export |
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Industry |
Manufacture of Animal Feed, Fertilizer |
|
Main Business |
Wholesales of Animal Feed, Fertilizer and Recycling
& Its Treatment |
|
Established (mm/dd/yyyy) |
06/18/1993 |
The Subject owns the premises of the factory(6,600㎡).
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Organic fertilizers and plant nutrients(10171500) |
|
Sell |
Livestock feed(10121500) |
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Sell |
Green Fertilizer |
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Sell |
EM Fermenting Additives |
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Sell |
Recycling |
CEO’s
|
Name |
Lee In-Koo |
|
Address |
329, Songcheondong 1-ga, Deokjin-gu, Jeonju-si,
Jeollabuk-do, Korea |
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Date of Birth |
09/09/1956 |
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Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital |
2,000,000,000 KRW |
|
Employees |
28 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
Industrial Bank of Korea |
|
Corporate Registered No. |
214811-0002314 |
|
Business Registered No. |
405-81-03685 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
Lee Kyung-Ho : 30.0% Song Eui-Seok : 27.0% Lee In-Koo : 20.0% Others : 23.0% |
|
Company History |
06/18/1993
Established 07/20/2006 Increased
capital to 1,240,000,000 KRW from 840,000,000 KRW 11/07/2006
Increased capital to 2,000,000,000 KRW from 1,240,000,000 KRW |
It is known that The subject is expecting
10,000,000,000 KRW as 2007’s sales, and in 2007, The Subject increased employees
number as much as twice of 2006’s. In 2006, it is also known that some of new
investors have invested the additional capital.
And The Subject is about to complete new
facilities for manufacturing the Organic Fertilizer, in March 2007, after investing 1,000,000,000 KRW.
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
President & CEO |
Mr. |
Lee In-Koo |
Male |
Korean |
08/05/2000 |
|
Director |
Mr. |
Lee Jae-Il |
Male |
Korean |
12/07/2004 |
|
Director |
Mr. |
Baik Seung-Jin |
Male |
Korean |
12/29/2006 |
|
Director |
Mr. |
Kim Joon-Bae |
Male |
Korean |
12/29/2006 |
|
Director |
Mr. |
Kim Jong-Hee |
Male |
Korean |
12/29/2006 |
|
Auditor |
Mr. |
Lee Jong-Kyu |
Male |
Korean |
12/29/2006 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
2006 |
5,000,000,000 |
|
|
|
2,476,000,000 |
|
|
|
|
2004 |
1,163,000,000 |
|
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Financial Description
Unit: KRW
|
Authorized
Capital |
50,000,000,000 |
|
Paid-Up
Capital |
2,000,000,000 |
|
Total Issues Shares |
200,000 |
Sales by Region (Activity
& Markets)
Not Available.
Court Action
Not Available.
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 |
|
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%)