MIRA
INFORM REPORT
|
Report Date : |
05.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SAMKOO WINE CORPORATION |
|
|
|
|
Registered Office : |
8th Fl., Samgu Bldg. 16-49, Hangangno 3-ga, Yongsan-gu, Seoul 140-712 |
|
|
|
|
Country : |
Korea |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
22.06.2004 |
|
|
|
|
Com. Reg. No.: |
106-86-29667 |
|
|
|
|
Legal Form : |
Company Limited by Shares |
|
|
|
|
Line of Business : |
Wholesale of Alcoholic Beverages |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Basic
|
Company
Name |
SAMKOO WINE
CORPORATION |
|
Registered Address |
16-49, Hangangno 3-ga, Yongsan-gu, Seoul,
Korea |
|
Building |
8th Fl., Samgu Bldg. |
|
Zip Code |
140-712 |
|
Tel |
+82-2-705-0129 |
|
Fax |
+82-2-705-0033 |
|
E-mail |
master@39wine.com;samkoona@paran.com |
|
Website |
www.39wine.com |
|
Trading Address |
8th Fl., Samgu Bldg., 16-49, Hangangno
3-ga, Yongsan-gu, Seoul, Korea |
|
Tel |
+82-2-705-0129 |
|
Fax |
+82-2-705-0033 |
|
Type |
Import |
|
Industry |
Wholesale of Alcoholic Beverages |
|
Main Business |
Wine |
|
Established (mm/dd/yyyy) |
06/22/2004 |
The Subject
occupies the premises of registered HQ address by leasing base.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Wine(50202203) |
|
Sell |
Spirits or liquors(50202206) |
CEO’s
|
Name |
Cho Moon-Je |
|
Address |
1173, Bojeong-dong ,Giheung-gu ,Yongin-si,
Gyeonggi-do, Korea |
|
Date of Birth |
01/03/1941 |
|
Title |
Co-President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital |
1,500,000,000 KRW |
|
Employees |
7 |
|
Formation |
Co., Ltd by shares |
|
Bank Details |
Citi Bank, Korea-Wonhyoro Branch |
|
Corporate Registered No. |
110111-3034553 |
|
Business Registered No. |
106-86-29667 |
|
Permit & Licenses |
Int’l Trade No.: 45169883 |
|
Shareholder Position |
SAMKOO CORPORATION(110111-0114324) has 100%
shares. |
|
Company History |
06/22/2004
Incorporated as the present name 10/14/2004
Increased capital to 1,000,000,000 KRW from 400,000,000 KRW 12/27/2005 Increased
capital to 1,500,000,000 KRW from 1,000,000,000 KRW |
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
Co-President & CEO |
Mr. |
Cho Moon-Je |
Male |
Korean |
10/13/2004 |
|
Co-President & CEO |
Mr. |
Kim Sang-Moon |
Male |
Korean |
10/13/2004 |
|
Director |
Mr. |
Lee Se-Young |
Male |
Korean |
10/13/2004 |
|
Auditor |
Mr. |
Lee Jong-Won |
Male |
Korean |
03/15/2007 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
|
|
|
|
|
2006 |
555,000,000 |
1,494,000,000 |
(-)38,000,000 |
|
2005 |
421,000,000 |
1,503,000,000 |
(-)47,000,000 |
|
2004 |
314,000,000 |
|
|
The latest & full financial is not available,
and the subject does not have any obligation to releases its financials to the
public.
Financial Description
Unit: KRW
|
Authorized
Capital |
1,600,000,000 |
|
Paid-Up
Capital |
1,500,000,000 |
|
Total Issues Shares |
300,000 |
Balance
Sheet
|
Unit : Million Korean Won |
As of 12/31/2006 |
As of 12/31/2005 |
|
Total Assets |
1,494 |
1,503 |
|
Current Assets |
1,357 |
1,376 |
|
-Quick Assets |
1,284 |
1,286 |
|
-Inventories |
73 |
91 |
|
Fixed Assets |
137 |
127 |
|
-Investment |
129 |
113 |
|
-Tangibles |
6 |
11 |
|
-Intangibles |
2 |
2 |
|
Total Liabilities |
42 |
19 |
|
Current Liabilities |
33 |
15 |
|
Fixed Liabilities |
9 |
4 |
|
Capital Stock |
1,500 |
1,500 |
|
Capital Surplus |
- |
- |
|
Profit Surplus |
(-)48 |
(-)16 |
|
Capital Adjustment |
- |
- |
|
Total Equity |
1,452 |
1,484 |
|
Liab. & Shareholder’s Equity |
1,494 |
1,503 |
Income
Statement
|
Unit : Million Korean Won |
As of 12/31/2006 |
As of 12/31/2005 |
|
Sales |
555 |
421 |
|
Cost of Sold Goods |
311 |
208 |
|
Gross Profit |
244 |
212 |
|
Selling & Admin. Expenses |
340 |
277 |
|
Operating Income |
(-)128 |
(-)65 |
|
Non-Operating Income |
59 |
17 |
|
Non-Operating expenses |
- |
- |
|
Ordinary Income |
(-)38 |
(-)47 |
|
Special Income |
- |
- |
|
Income Before Taxes |
(-)38 |
(-)47 |
|
Income Taxes Expenses |
- |
- |
|
Net Income |
(-)38 |
(-)47 |
Products, Technologies, Services
Description
|
Main
Products & Services |
Wine |
Trade
Partners
|
Suppliers |
YVON
MOU-EUROPE FREIXENET BRONCO-USA CALIFORNIA COLONY-USA |
|
Customers |
The Subject
sells through marts including Homeplus, Tesco and Wal-Mart. |
|
Competitors |
SOO SEOK
TRADING CO., LTD. 2ND FL., ST BLDG.,
206-3, NONHYEON 1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:
82-2-3014-2000 FAX: 82-2-514-7092 NARAFOOD CO.,
LTD. 62, MUNJEONG
1-DONG, SONGPA-GU, SEOUL 82-2-405-4300
82-2-405-4302 DONGWON WINE
PLUS CO., LTD. 4TH FL.,
DONGWON INDUSTRIES CO. BLDG., 275, YANGJAE 2-DONG, SEOCHO-GU, SEOUL TEL:
82-2-589-3354 FAX: 82-2-589-3234 KAJA &
WINE CO., LTD. 208-3,
MAENG-RI, WONSAM-MYEON, CHEOIN-GU, YONGIN-SI, GYEONGGI-DO TEL:
82-2-406-2220 FAX: 82-2-406-0620 TWIN WINE CO., LTD. GOMUAS BLDG., 123, HANNAM-DONG, YONGSAN-GU, SEOUL, KOREA TEL: 82-2-791-0961 |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
SAMKOO PACIFIC, LLC SAM HOUSE DEVELOPEMENT, LLC |
Sales by
Region (Activity &
Markets)
The Subject imports from USA.
Court
Action
Not Available.
News
Clipping
--
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.18 |
|
UK Pound |
1 |
Rs.75.05 |
|
Euro |
1 |
Rs.60.89 |
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. |
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%)