MIRA
INFORM REPORT
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Report Date : |
04.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
SM CNS CORPORATION |
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Registered Office : |
3rd Fl., Yiyangwon Bldg., 63-7, Gyeongun-dong, Jongno-gu, Seoul 110-310 |
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Country : |
Korea |
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Date of Incorporation : |
14.05.2004 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
System Software Development and Supply |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Status : |
Small Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company
Name |
SM CNS
CORPORATION |
|
Registered Address |
63-7, Gyeongun-dong, Jongno-gu, Seoul,
Korea |
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Building |
3rd Fl., Yiyangwon Bldg. |
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Zip Code |
110-310 |
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Tel |
+82-2-720-9834 |
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Fax |
+82-2-720-9833 |
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E-mail |
sales@smcns.net;smcns@smcns.net |
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Website |
www.smcns.net |
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Trading Address |
3rd Fl., Yiyangwon Bldg., 63-7,
Gyeongun-dong, Jongno-gu, Seoul, Korea |
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Tel |
+82-2-720-9834 |
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Fax |
+82-2-720-9833 |
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Type |
Import/Export |
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Industry |
System Software Development and Supply |
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Main Business |
DMB Generator, DMB RF Up-Converter |
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Established (mm/dd/yyyy) |
05/14/2004 |
The Subject occupies
the premises of registered HQ address by leasing base.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Network switches(43222612) |
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Sell |
Requirements analysis and system
architecture software(43232407) |
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Sell |
Networking software(43232900) |
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Sell |
Electrophoresis premade buffers or
solutions(41105323) |
CEO’s
|
Name |
Inn Jay-Beom |
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Address |
844, Sindang-dong, Jung-gu, Seoul, Korea |
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Date of Birth |
12/27/1967 |
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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 |
100,000,000 KRW |
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Employees |
10 |
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Formation |
Co., Ltd by shares Venture Business |
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Bank Details |
N/A |
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Corporate Registered No. |
110111-3012781 |
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Business Registered No. |
101-86-*****(Full number is kept by the
National Tax Service confidentially.) |
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Permit & Licenses |
Int’l Trade No.: 30462333 |
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Shareholder Position |
N/A |
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Company History |
11/2007 Developed
new DABAir-II DAB+/T-DMB RF field monitor and completed international product
launch 10/2007 Secured
Inno-Biz certificate by the government authority in Korea 08/2007 Selected
official supplier of T-DMB Test solutions for Korea’s nationwide regional
RPBs 05/2007 Selected
official supplier of T-DMB Head-End system& Test solutions for Korea’s
nationwide regional MBCs 03/2007 Selected
official supplier of TETRA VRS system for NEMA’s Seoul metro politan area
project 02//2007 Developed DABAir-Multi T-DMB Multi-Monitoring
system (RF/ETI & all sub-channels decoding simultaneously) 11/2006 Completed
development of DVB-H Stream Generator 10/2006 Developed
and Released SMC-5000 T-DMB/DAB/DAB+ Signal Generator international product
launch 08/2006 Awarded
TETRA VRS system for NEMA (National Emergency Management Agency trial
project) 07/2006 Secured
full membership of World DMB forum 06//2006 Developed DABAir-PRO T-DMB field
service monitor analyzer 02//2006 Secured membership for KETI’s
Mobile-TV R&D center as the prime sponsoring company 01/2006 Developed
DABAir T-DMB On-Air Analyzer and released in Korea 08/2005 Technology
transfer contract with ETRI for MPEG analysis technology 05/2005 Entered
strategic alliance with VDL in France for T-DMB & System Business 05/14/2004 Incorporated as the present name, as
subsidiary of SM Engineering 08/2004 Awarded
TETRA VRS (Voice Recording System) system for BUTA (Busan Urban Transit
Agency) Line 3 Pilot Project |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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President & CEO |
Mr. |
Inn Jay-Beom |
Male |
Korean |
05/14/2004 |
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Director |
Mr. |
In Joong-Sik |
Male |
Korean |
05/14/2004 |
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Auditor |
M/S. |
Jung Hee-Jung |
Female |
Korean |
05/14/2004 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
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2006 |
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2005 |
2,042,000,000 |
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2004 |
216,000,000 |
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The financial is not available, and the subject
does not have any obligation to releases its financials to the public.
Financial Description
Unit: KRW
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Authorized
Capital |
400,000,000 |
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Paid-Up
Capital |
100,000,000 |
|
Total Issues Shares |
20,000 |
Products, Technologies, Services
Description
|
Main
Products & Services |
T-DMB/DAB+/DBA -T-DMB Solution for Broadcasting Companies -DAB/DMB System for Receiver
Development/Production TPEG Solution DVB-H/T & ISDB-T Test Voice Recording System Fiber Optical System |
Trade
Partners
|
Suppliers |
VDL D.S., FRANCE 69446 LYON CEDEX 03-FRANCE TEL:+33-4-72-84-0600 FAX:+33-4-72-84-0601 SOMERDATA LIMITED, UK UNDERWOOD BUSINESS PARK WOOKEY HOLE ROAD
WELLS SOMERSET BA5 1AF UK TEL:+44-1749-671481 FAX:+44-1749-671482 ALTICAST CORP., KOREA 18TH FLOOR, HANA CAPITAL. BLDG. 1328-3,
SEOCHO-DONG, SEOCHO-GU, SEOUL, SOUTH KOREA 137-858 TEL:+82 2 2007 7663 FAX:+82 2 2007 7792 |
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Customers |
BROADCASTERS / NETWORK PROVIDERS Domestic: KBS/KBS R&D, MBC/MBC R&D,
SBS/SBS R&D, YTN/YTN R&D Korea DMB, U1 Media, TBN, TBS, Arirang TV,
MBN TV KFM, CJ Media, 6 Regional MBC KBC, etc. International: ABSi, Radio France, France
Telecom RAIWAY, China Dalian Broadcaster etc. RECEIVER MANUFACTURERS Domestic: Samsung Electronics, LG
Electronics, LG Electronics R&D Institute, Panteck & Curitel, Hyundai
Motors, Hyundai Autonet, Samsung Blueteck Kiryung Electronics, KET, RF
Controls, SK Telecom, Xcrpyt, Coretrust Alticast, Acanet TV, TBK Electronics,
KJ Comtech, Solitech, Brain City, Raincom, Pixtree, OnTimeTek, NetnTV etc. International: Sony Ericsson China, MTK
Taiwan, TcomT China etc. R&D / GOVERNMENT KETI, ETRI TTA (Standardization body of
MIC) DIF, Youngnam University Korea I&T University etc. HYUNDAI MOTOR COMPANY(110111-0085450) |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
SM ENGINEERING CO., LTD.(110111-0054301) 10TH FL., SU-UN ASSEMBLY HOUSE BLDG., 88,
GYEONGUN-DONG, JONGNO-GU, SEOUL, KOREA
TEL:+82-2-733-9336 FAX:+82-2-739-9698 SAMA SOUND CO., LTD. 10TH FL., YIYANGWON BLDG., 63-7, GYEONGUN-DONG, JONGNO-GU, SEOUL,
KOREA TEL:+82-2-734-0635 FAX:+82-2-734-0649 SAMA ELECTRONICS CORP. 84-2, MULLAE-DONG 3-GA, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-70-7500-2420 FAX:+82-2-2636-0040 |
Sales by
Region (Activity &
Markets)
The Subject imports from France and UK, and exports to China, Italy,
India, Taiwan and Hong Kong.
Court
Action
Not Available.
News
Clipping
--
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.62 |
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UK Pound |
1 |
Rs.76.71 |
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Euro |
1 |
Rs.61.30 |
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. |
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%)