MIRA
INFORM REPORT
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Report Date : |
27.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SAMBI CO., LTD. |
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Registered Office : |
15th Fl., Sambi Bldg., 869-28, Beomcheon 1-dong, Busanjin-gu, Busan 614-829 |
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Country : |
Korea |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
06.27.2003 |
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Com. Reg. No.: |
605-81-61214 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Wholesale of Metal Plates, Bars, Pipes, and Basic Metals |
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 |
SAMBI CO., LTD. (Ex. Company Name: KANGLIM CO.,
LTD.) |
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Registered Address |
869-28,
Beomcheon 1-dong, Busanjin-gu, Busan, Korea |
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Building |
15th Fl., Sambi Bldg. |
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Zip Code |
614-829 |
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Tel |
+82-51-632-6664 |
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Fax |
+82-51-644-3110 |
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Trading Address |
15th
Fl., Sambi Bldg., 869-28, Beomcheon 1-dong, Busanjin-gu, Busan, Korea |
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Tel |
+82-51-632-6664 |
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Fax |
+82-51-644-3110 |
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Type |
Export/Import |
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Industry |
Wholesale of Metal Plates, Bars, Pipes, and Basic Metals |
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Main Business |
Stainless Steel Pipe, Steel Pipe |
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Sub Business |
Renting of Non-Residential Buildings |
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Established (mm/dd/yyyy) |
06/27/2003 |
The Subject owns
the premises of registered address.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
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Sell |
Renting of Non-Residential Buildings |
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Sell |
Stainless Steel Pipe |
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Sell |
Steel Pipe |
CEO’s
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Name |
Hyun Young-Hee |
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Address |
77-1, Nangmin-dong, Dongnae-gu, Busan, Korea |
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Date of Birth |
12/25/1951 |
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Title |
President & CEO |
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Sex |
Female |
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Nationality |
Korean |
Profiles
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Capital |
2,100,000,000 KRW |
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Employees |
9 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Hana Bank Citi Bank, Korea |
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Corporate Registered No. |
180111-0454081 |
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Business Registered No. |
605-81-61214 |
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Permit & Licenses |
N/A |
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Shareholder Position |
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Company History |
06/27/2003
Incorporated as KANGLIM CO., LTD. 08/04/2004
Increased the authorized capital stock number to 240,000 shares from 120,000
shares 09/21/2005
Changed company name to the present name 12/28/2005
Increased capital to 2,100,000,000 KRW from 1,500,000,000 KRW |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
M/S. |
Hyun Young-Hee |
Female |
Korean |
10/02/2006 |
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Director |
Mr. |
Lim Tae-Hyung |
Male |
Korean |
06/27/2003 |
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Director |
Mr. |
Lim Soo-Bok |
Male |
Korean |
06/27/2003 |
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Director |
M/S. |
Hong Young-Hye |
Female |
Korean |
06/27/2003 |
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Auditor |
Mr. |
Lee Jang-Jo |
Male |
Korean |
06/27/2003 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
2,302,421,044 |
13,774,280,280 |
499,994,695 |
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2006 |
1,839,984,481 |
13,500,621,377 |
81,522,671 |
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2005 |
764,023,619 |
7,642,682,585 |
57,827,042 |
Financial Description
Unit: KRW
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Authorized
Capital |
2,400,000,000 |
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Paid-Up
Capital |
2,100,000,000 |
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Total Issues Shares |
210,000 |
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
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Total Assets |
13,774,280,280 |
13,500,621,377 |
7,642,682,585 |
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Current Assets |
524,692,334 |
479,196,239 |
2,943,218,951 |
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-Quick Assets |
524,692,334 |
479,196,239 |
2,565,582,520 |
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-Inventories |
- |
- |
377,636,431 |
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Fixed Assets |
13,249,587,946 |
13,021,425,138 |
4,699,463,634 |
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-Investment |
1,762,178,800 |
1,072,654,800 |
10,594,800 |
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-Tangibles |
11,486,449,146 |
11,948,200,338 |
4,688,868,834 |
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-Intangibles |
960,000 |
570,000 |
- |
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Total Liabilities |
11,103,814,883 |
11,260,150,675 |
5,483,734,554 |
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Current Liabilities |
7,872,506,623 |
9,575,011,965 |
4,532,334,554 |
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Fixed Liabilities |
3,231,308,260 |
1,685,138,710 |
951,400,000 |
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Capital Stock |
2,100,000,000 |
2,100,000,000 |
2,100,000,000 |
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Capital Surplus |
- |
- |
- |
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Profit Surplus |
581,700,297 |
151,705,602 |
70,182,931 |
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Capital Adjustment |
(-)11,234,900 |
(-)11,234,900 |
(-)11,234,900 |
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Total Equity |
2,670,465,397 |
2,240,470,702 |
2,158,948,031 |
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Liab. & Shareholder’s Equity |
13,774,280,280 |
13,500,621,377 |
7,642,682,585 |
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Current
Liabilities |
7,872,506,623 |
9,575,011,965 |
4,532,334,554 |
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Account Payables |
104,241,170 |
2,254,563,568 |
486,993,879 |
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Short-Term Borrowings |
7,564,288,173 |
7,284,288,173 |
3,457,144,539 |
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Accrued Income Tax |
183,414,590 |
15,383,270 |
- |
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Accrued Expenses |
2,183,690 |
2,198,329 |
3,756,711 |
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Advance Receipts |
- |
5,435,000 |
581,000,000 |
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Withholdings |
18,379,000 |
13,143,625 |
3,439,425 |
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Fixed
Liabilities |
3,231,308,260 |
1,685,138,710 |
951,400,000 |
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Leasehold Deposit Withhold |
3,151,620,000 |
1,674,000,000 |
951,400,000 |
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Provision for Severance & Retirement |
79,688,260 |
11,138,710 |
- |
Income
Statement
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Unit : Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
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Sales |
2,302,421,044 |
1,839,984,481 |
764,023,619 |
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Cost of Sold Goods |
- |
817,695,028 |
272,958,739 |
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Gross Profit |
2,302,421,044 |
1,022,289,453 |
491,064,880 |
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Selling & Admin. Expenses |
1,569,157,117 |
776,707,473 |
348,134,788 |
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Operating Income |
733,263,927 |
245,581,980 |
142,930,092 |
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Non-Operating Income |
50,820,655 |
10,594,226 |
1,636,382 |
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Non-Operating expenses |
91,898,857 |
155,482,875 |
86,263,152 |
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Ordinary Income |
692,185,725 |
100,693,331 |
58,303,322 |
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Special Income |
- |
- |
- |
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Income Before Taxes |
692,185,725 |
100,693,331 |
58,303,322 |
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Income Taxes Expenses |
192,191,030 |
19,170,660 |
476,280 |
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Net Income |
499,994,695 |
81,522,671 |
57,827,042 |
Cash
Flows
|
Unit : Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
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Cash Flows from Operating |
1,178,426,768 |
2,444,446,111 |
(-)2,108,923,079 |
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-Net Income |
499,994,695 |
81,522,671 |
57,827,042 |
|
-Exp. without Cash Outflow |
584,746,925 |
370,315,800 |
55,590,213 |
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-Revenue
without Cash Inflows |
- |
- |
- |
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-Changes in
Asset/ & Liability |
93,685,148 |
1,992,607,640 |
(-)2,222,340,334 |
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Cash Flows
from Investing |
(-)733,228,273 |
(-)8,717,628,594 |
(-)176,989,870 |
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-Cash Inflow
from Investing |
- |
3,000,000 |
30,913,631 |
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-Cash
Outflows for Investing |
(-)733,228,273 |
(-)8,720,628,594 |
(-)207,903,501 |
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Cash Flows
from Financing |
(-)462,702,398 |
6,317,313,323 |
2,300,202,827 |
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-Cash
Inflows from Financing |
5,676,920,000 |
16,487,398,473 |
2,381,437,727 |
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-Cash
Outflows from Financing |
(-)6,139,622,398 |
(-)10,170,085,150 |
(-)81,234,900 |
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Increase/Decrease
in Cash |
(-)17,503,903 |
44,130,840 |
14,289,878 |
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Cash at the Beginning of Year |
70,768,982 |
26,638,142 |
12,348,264 |
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Cash at the End of Year |
53,265,079 |
70,768,982 |
26,638,142 |
Products, Technologies, Services
Description
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Main
Products & Services |
Renting of Non-Residential Buildings Stainless Steel Pipe, Steel Pipe |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
KANGLIM CSP CO., LTD.(180111-0044775) (5.56% held by the subject company) |
|
Cooperative Enterprise |
-insured Company LIG INSURANCE CO., LTD.(110111-0017859) |
Sales by
Region (Activity &
Markets)
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Sales/ Unit :Mil KRW |
2007 |
2006 |
2005 |
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Export |
- |
- |
|
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Domestic |
1,410,290,594 |
1,446,273,781 |
|
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Others |
892,130,450 |
393,710,700 |
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Total |
2,302,421,044 |
1,839,984,481 |
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The Subject deals with the companies in China, Japan and Europe.
Court
Action
No.
News
Clipping
--
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.79 |
|
UK Pound |
1 |
Rs.85.04 |
|
Euro |
1 |
Rs.67.39 |
RATING
EXPLANATIONS
|
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 |
|
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. |
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 |
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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%)