MIRA
INFORM REPORT
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Report Date : |
25.11.2008 |
IDENTIFICATION DETAILS
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Name : |
HANKOOK SAMGONG
CO., LTD. |
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Registered Office : |
363, Maetan 3-dong, Yeongtong-gu, Suwon-si, Gyeonggi-do 443-803 |
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Country : |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
02.02.1968 |
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Com. Reg. No.: |
124-81-01721 |
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Legal Form : |
Company Limited by Shares |
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Line of Business : |
Manufacture of Agricultural Chemical Products |
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 : |
No Complaints |
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Litigation : |
Clear |
Basic
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Company
Name |
HANKOOK SAMGONG
CO., LTD. |
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Registered Address |
363, Maetan 3-dong, Yeongtong-gu,
Suwon-si, |
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Zip Code |
443-803 |
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Tel |
+82-31-213-3032 |
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Fax |
+82-31-213-3034 |
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E-mail |
fromowt@hanmail.net |
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Website |
www.30agro.co.kr |
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Trading Address |
40-883, Hangangno 3-ga, Yongsan-gu, |
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Tel |
+82-2-2287-2900 +82-2-2287-2930 |
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Fax |
+82-2-2287-2968 |
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Other |
235-6, Galgot-dong, Osan-si, |
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Tel |
+82-31-374-8722 |
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Fax |
+82-31-374-1720 |
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Other |
843-10, Nakseong-ri, Geumgu-myeon, Gimje-si, |
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Tel |
+82-63-547-1466~8 |
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Other Address-Gyeonggi Branch |
469-6, Seongnae 1-dong, Gangdong-gu, |
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Tel |
+82-2-489-1833~4 |
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Other Address-Gangwon Branch |
127-80, Usan-dong, Wonju-si, |
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Tel |
+82-33-735-9901~2 |
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Other Address-Chungnam Branch |
56-4, Daeheung-dong, Jung-gu, |
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Tel |
+82-42-255-4310 |
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Other Address-Chungbuk Branch |
970, Bongmyeong-dong, Heungdeok-gu, Cheongju-si, |
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Tel |
+82-43-267-0883 |
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Other Address-Andong Branch |
244-5, Jeongha-dong, Andong-si, |
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Tel |
+82-54-854-6255~6 |
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Other Address-Daegu Branch |
107-301, Sincheon 1-dong ,Dong-gu, |
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Tel |
+82-53-423-0941~3 |
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Other Address- Gyeongsangnam Branch |
197-15, Paryong-dong, Changwon-si, |
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Tel |
+82-55-252-6609 |
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Other Address-Jeonnam Branch |
250-1, Sinan-dong, Buk-gu, |
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Tel |
+82-62-528-4676~7 |
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Other Address-Jeju Branch |
382-10, Ildo 2-dong, Jeju-si, |
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Tel |
+82-64-757-5658 |
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Type |
Import |
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Industry |
Manufacture of Agricultural Chemical Products |
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Main Business |
Sterilizer, Insecticide, Herbicide |
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Established (mm/dd/yyyy) |
02/02/1968 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Herbicides(10171700) |
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Sell |
Pesticides or pest repellents(10191500) |
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Sell |
Pesticides or pest repellents(10191500) |
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Buy |
Chemicals including Bio Chemicals and Gas
Materials(12000000) |
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Buy |
Isoprothiolane |
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Buy |
Hexaconazole |
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Buy |
Prochloraz |
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Buy |
Phethoate |
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Buy |
Oxadiazon |
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Buy |
Esprocarb |
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Buy |
Pyrazosulfuron-Ethyl |
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Buy |
Dithianon |
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Buy |
Clothianidin |
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Buy |
Buprofezin |
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Buy |
Pyridaben |
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Buy |
Alpha Cypermethrin |
CEO’s
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Name |
Hahn Kwang-Ho |
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Address |
540-20, Pyeongchang-dong, Jongno-gu, |
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Date of Birth |
03/06/1923 |
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Title |
Chairman& CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
3,000,000,000 KRW |
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Employees |
204 |
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Formation |
Co., Ltd by shares |
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Bank Details |
Shinhan Bank-Kwanghwamun Corporate Finance
Branch Nonghyup Bank |
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Corporate Registered No. |
130111-0000686 |
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Business Registered No. |
124-81-01721 |
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Permit & Licenses |
Int’l Trade No.: 513573 |
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Shareholder Position |
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Company History |
02/02/1968 Incorporated
as the present name 03/20/2002
Increased the authorized shares to 960,000 shares from 240,000 shares 03/20/2002
Increased capital to 3,000,000,000 KRW from 1,200,000,000 KRW |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
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Chairman& CEO |
Mr. |
Hahn Kwang-Ho |
Male |
Korean |
11/30/1999 |
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President & CEO |
M/S. |
Park Ha-Soon |
Female |
Korean |
01/01/2008 |
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Director |
Mr. |
Park Ki-Soo |
Male |
Korean |
10/01/1998 |
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Director |
M/S. |
Hahn Hye-Joo |
Female |
Korean |
10/27/1999 |
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Director |
Mr. |
Hong Doo-Hwa |
Male |
Korean |
10/01/2007 |
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Auditor |
Mr. |
Lim Jin-Taik |
Male |
Korean |
01/01/2008 |
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Supervisor of HQ address |
Mr. |
Lee Sang-Kil |
Male |
Korean |
01/08/2001 |
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Supervisor of HQ address |
Mr. |
Ji Seung-Hyun |
Male |
Korean |
11/14/2008 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
78,863,122,850 |
60,079,141,390 |
7,344,039,672 |
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2006 |
74,180,212,439 |
64,024,055,944 |
6,162,804,992 |
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2005 |
69,615,991,262 |
56,449,041,191 |
4,459,970,087 |
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2004 |
67,107,982,823 |
53,417,800,108 |
2,460,764,255 |
|
2003 |
64,575,696,451 |
54,695,360,603 |
2,450,315,217 |
Financial Description
Unit: KRW
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Authorized Capital |
4,800,000,000 |
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Paid-Up Capital |
3,000,000,000 |
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Total Issues Shares |
600,000 |
Balance
Sheet
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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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Total Assets |
60,079,141,390 |
64,024,055,944 |
56,449,041,191 |
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Current Assets |
47,351,731,791 |
51,086,042,959 |
43,038,271,900 |
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-Quick Assets |
15,847,984,123 |
18,538,322,486 |
15,907,144,077 |
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-Inventories |
31,503,747,668 |
32,547,720,473 |
27,131,127,823 |
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Fixed Assets |
12,727,409,599 |
12,938,012,985 |
13,410,769,291 |
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-Investment |
8,097,713,279 |
7,847,179,662 |
9,596,620,002 |
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-Tangibles |
4,028,955,535 |
4,486,130,838 |
3,785,323,281 |
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-Intangibles |
35,411,420 |
27,873,120 |
28,826,008 |
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-Others |
565,329,365 |
576,829,365 |
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Total Liabilities |
28,338,146,769 |
36,863,816,626 |
28,812,331,609 |
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Current Liabilities |
22,435,565,044 |
30,979,182,548 |
23,314,209,357 |
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Fixed Liabilities |
5,902,581,725 |
5,884,634,078 |
5,498,122,252 |
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Capital Stock |
3,000,000,000 |
3,000,000,000 |
3,000,000,000 |
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Capital Surplus |
139,208,250 |
139,208,250 |
139,208,250 |
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Profit Surplus |
27,207,446,802 |
22,863,407,130 |
22,642,132,824 |
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Capital Adjustment |
1,394,339,569 |
1,157,623,938 |
1,855,368,508 |
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Total Equity |
31,740,994,621 |
27,160,239,318 |
27,636,709,582 |
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Liab. &
Shareholder’s Equity |
60,079,141,390 |
64,024,055,944 |
56,449,041,191 |
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Current
Liabilities |
22,435,565,044 |
30,979,182,548 |
23,314,209,357 |
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Trade Payables |
10,051,619,571 |
9,313,899,562 |
11,610,519,941 |
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Short-Term Borrowings |
6,714,540,369 |
16,392,341,108 |
6,578,386,534 |
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Short-Term Borrowings to Shareholders |
1,474,899,480 |
940,399,480 |
1,265,556,828 |
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Account Payables |
1,641,389,677 |
1,189,144,394 |
1,335,376,426 |
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Advance receipts |
671,849,114 |
560,325,270 |
428,342,680 |
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Withholdings |
147,788,890 |
125,635,906 |
86,711,245 |
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Accrued Expenses |
736,508 |
24,812,513 |
10,980,390 |
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Accrued Income Tax |
1,732,741,435 |
2,432,624,315 |
1,998,335,313 |
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Fixed
Liabilities |
5,902,581,725 |
5,884,634,078 |
5,498,122,252 |
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Provision for Severance & Retirement |
7,037,520,350 |
6,375,888,250 |
5,417,752,450 |
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Provision for Refund |
5,902,581,725 |
5,592,491,139 |
4,439,788,373 |
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 |
78,863,122,850 |
74,180,212,439 |
69,615,991,262 |
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Cost of Sold Goods |
53,441,168,647 |
50,253,521,491 |
48,454,332,551 |
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Gross Profit |
25,421,954,203 |
23,926,690,948 |
21,161,658,711 |
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Selling & Admin. Expenses |
14,496,446,649 |
13,756,658,005 |
12,260,940,498 |
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Operating Income |
10,925,507,554 |
10,170,032,943 |
8,900,718,213 |
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Non-Operating Income |
1,248,300,158 |
1,600,137,118 |
1,789,466,269 |
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Non-Operating expenses |
1,418,875,835 |
1,940,614,479 |
2,966,064,412 |
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Ordinary Income |
10,754,931,877 |
9,829,555,582 |
7,724,120,070 |
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Special Income |
- |
- |
- |
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Income Before Taxes |
10,754,931,877 |
9,829,555,582 |
7,724,120,070 |
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Income Taxes Expenses |
3,410,892,205 |
3,666,750,590 |
3,264,149,983 |
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Net Income |
7,344,039,672 |
6,162,804,992 |
4,459,970,087 |
Cash
Flows
|
Unit : Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Cash Flows from Operating |
11,136,997,864 |
(-)240,411,739 |
4,253,750,687 |
|
-Net Income |
7,344,039,672 |
6,162,804,992 |
4,459,970,087 |
|
-Exp. without Cash Outflow |
2,853,913,884 |
3,221,760,193 |
2,140,983,107 |
|
-Revenue
without Cash Inflows |
(-)646,609,696 |
(-)495,746,072 |
(-)664,788,952 |
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-Changes in
Asset/ & Liability |
1,585,654,004 |
(-)9,129,230,852 |
(-)1,682,413,555 |
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Cash Flows
from Investing |
477,954,847 |
(-)907,348,795 |
401,967,159 |
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-Cash Inflow
from Investing |
923,699,364 |
1,471,448,110 |
1,396,826,000 |
|
-Cash
Outflows for Investing |
(-)445,744,517 |
(-)2,378,796,905 |
(-)994,858,841 |
|
Cash Flows
from Financing |
(-)12,393,416,477 |
3,488,797,226 |
(-)3,957,090,219 |
|
-Cash Inflows
from Financing |
91,719,290,487 |
161,348,083,952 |
137,496,903,055 |
|
-Cash
Outflows from Financing |
(-)104,112,706,964 |
(-)157,859,286,726 |
(-)141,453,993,274 |
|
Increase/Decrease
in Cash |
(-)778,463,766 |
2,341,036,692 |
698,627,627 |
|
Cash at the
Beginning of Year |
4,505,661,766 |
2,164,625,074 |
1,465,997,447 |
|
Cash at the End of Year |
3,727,198,000 |
4,505,661,766 |
2,164,625,074 |
Products, Technologies, Services
Description
|
Main Products & Services |
Sterilizer, Insecticide, Herbicide |
Trade
Partners
|
Suppliers |
AJU AUTO RENTAL CO., LTD(110111-0577233)
provides vehicles services to the subject company. |
|
Competitors |
DONG BANG AGRO CORP. 1055-2, NAMHYEON-DONG, GWANAK-GU, TEL:+82-2-580-3600 FAX:+82-2-523-3505 SUNGBO CHEMICALS CO., LTD. 455, DEOGEUN-DONG, DEOKYANG-GU, GOYANG-SI, TEL:+82-2-753-2721 FAX:+82-2-774-2608 |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
HANVIT CULTURAL FOUNDATION |
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Subsidiary |
SEO HAN CHEMICAL CO., LTD.(130111-0003028) (70.5% held by the subject company) |
|
Cooperative |
-Insured Company GREEN NON-LIFE INSURANCE CO.,
LTD(110111-0007082) |
Sales by
Region (Activity & Markets)
Not Available.
Court
Action
No.
News
Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.97 |
|
|
1 |
Rs.75.45 |
|
Euro |
1 |
Rs.64.21 |
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%)