MIRA
INFORM REPORT
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Report Date : |
29.05.2007 |
IDENTIFICATION DETAILS
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Name : |
3S COMMERCE CO., LTD. |
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Registered Office : |
2nd Fl., 1577, Sa 1-dong, Sangnok-gu, Sangnok-gu, Ansan-si,
Gyeonggi-Do – 426-894 |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
04/24/2001 |
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Legal Form : |
Company Limited by shares |
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Line of Business : |
Manufacture of Prepared Coffee |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Basic
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Company
Name |
3S COMMERCE CO., LTD. |
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Registered Address |
1577, Sa 1-dong, Sangnok-gu, Sangnok-gu,
Ansan-si, |
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Building |
2nd Fl. |
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Zip Code |
426-894 |
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Tel |
+82-31-482-9058 |
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Fax |
+82-31-433-9140 |
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E-mail |
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Website |
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Trading Address |
2nd Fl., 1577, Sa 1-dong, Sangnok-gu,
Sangnok-gu, Ansan-si, |
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Tel |
+82-2-2636-1354 |
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Fax |
+82-2-2636-1482 |
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Hwasung Branch |
741-2, Baekgok-ri, Mado-myeon,
Hwaseong-si, |
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Industry |
Manufacture of Prepared Coffee |
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Main Business |
Instant Coffee |
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Sub
Business |
Wholesale of Other Prepared Food |
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Established (mm/dd/yyyy) |
04/24/2001 |
The Subject
occupies the premises of registered address by leasing base.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Instant coffee(50201709) |
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Sell |
Instant Green Tea |
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Sell |
Tea |
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Sell |
Coffee Machine |
CEO’s
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Name |
Soon Sung-Soo |
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Address |
1788-3, Jeongwang-dong, Siheung-si, |
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Date of Birth |
08/20/1966 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
1,000,000,000 KRW |
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Employees |
20 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Nonghyup Bank |
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Corporate Registered No. |
110111-2223165 |
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Business Registered No. |
107-81-99050 |
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Permit & Licenses |
N/A |
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Shareholder Position |
N/A |
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Company History |
04/24/2001
Established 02/16/2006
Moved to the present address from 668-7, Seonggok-dong, Danwon-gu, Ansan-si, 12/29/2006 Increased capital to 1,000,000,000
KRW from 750,000,000 KRW |
The Subject
manufactures the instant coffee and tea.
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
President & CEO |
Mr. |
Soon Sung-Soo |
Male |
Korean |
04/24/2001 |
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Director |
Mr. |
Soon Sung-Ik |
Male |
Korean |
04/24/2001 |
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Director |
Mr. |
Park Sang-Kyu |
Male |
Korean |
11/16/2001 |
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Director |
Mr. |
Lee Kwang-Bong |
Male |
Korean |
02/12/2004 |
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Auditor |
Mr. |
Kim Ji-Wook |
Male |
Korean |
03/29/2002 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
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5,195,000,000 |
5,692,000,000 |
198,000,000 |
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2004 |
4,437,000,000 |
2,950,000,000 |
102,000,000 |
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2003 |
2,813,000,000 |
1,830,000,000 |
68,000,000 |
Financial Description
Unit: KRW
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Authorized Capital |
1,500,000,000 |
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Paid-Up Capital |
1,000,000,000 |
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Total Issues Shares |
200,000 |
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Balance Sheet |
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Unit : Million Korean Won |
As of 12/31/2005 |
As of 12/31/2004 |
As of 12/31/2003 |
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Total Assets |
5,692 |
2,950 |
1,830 |
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Current Assets |
2,541 |
1,785 |
1,210 |
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-Quick Assets |
1,476 |
791 |
714 |
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-Inventories |
1,065 |
994 |
496 |
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Fixed Assets |
3,151 |
1,165 |
620 |
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-Investment |
336 |
167 |
92 |
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-Tangibles |
2,459 |
644 |
194 |
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-Intangibles |
356 |
354 |
334 |
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Total Liabilities |
4,537 |
2,373 |
1,355 |
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Current Liabilities |
2,987 |
2,293 |
1,355 |
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Fixed Liabilities |
1,550 |
80 |
- |
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Capital Stock |
750 |
368 |
368 |
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Capital Surplus |
- |
- |
- |
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Profit Surplus |
407 |
214 |
112 |
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Capital Adjustment |
-2 |
-5 |
-5 |
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Total Equity |
1,155 |
577 |
475 |
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Liab. & Shareholder’s Equity |
5,692 |
2,950 |
1,830 |
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Income Statement |
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Unit : Million Korean Won |
As of 12/31/2005 |
As of 12/31/2004 |
As of 12/31/2003 |
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Sales |
5,195 |
4,437 |
2,813 |
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Cost of Sold Goods |
4,331 |
3,563 |
2,154 |
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Gross Profit |
863 |
875 |
659 |
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Selling & Admin. Expenses |
569 |
712 |
552 |
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Operating Income |
294 |
162 |
108 |
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Non-Operating Income |
30 |
29 |
13 |
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Non-Operating expenses |
110 |
77 |
47 |
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Ordinary Income |
213 |
115 |
73 |
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Special Income |
- |
- |
- |
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Income Before Taxes |
213 |
115 |
73 |
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Income Taxes Expenses |
15 |
13 |
4 |
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Net Income |
198 |
102 |
68 |
Products,
Technologies, Services
Description
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Main Products & Services |
Instant Tea and Coffee |
Trade Partners
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Suppliers |
Kamrowon Co., Ltd. |
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Customers |
The Subject sells the products through the
convenient stores including LG25 and MINISTOP. |
Related Parties
(Subsidiaries, Joint-
Venture &
Affiliates)
|
Cooperative |
RNL LIFE SCIENCE CO., LTD-Korea |
Sales by Region (Activity
& Markets)
Not Available.
Court Action
Not Available.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)