MIRA
INFORM REPORT
|
Report Date : |
16.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SAM DONG CO., LTD. |
|
|
|
|
Registered Office : |
San 39, Samho-ri, Daeso-myeon,
Eumseong-gun, Chungcheongbuk-do, 369-821 |
|
|
|
|
Country : |
Korea |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
11.15.1990 |
|
|
|
|
Com. Reg. No.: |
303-81-06751 |
|
|
|
|
Legal Form : |
Company Limited by Shares |
|
|
|
|
Line of Business : |
Manufacture of Other Insulated Wire and Cable |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Basic
|
Company
Name |
SAM DONG CO.,
LTD. |
|
Registered Address |
San 39, Samho-ri, Daeso-myeon, Eumseong-gun,
Chungcheongbuk-do, Korea |
|
Zip Code |
369-821 |
|
Tel |
+82-43-879-4000 |
|
Fax |
+82-43-879-4100 |
|
E-mail |
esbarom@samdongkorea.com |
|
Website |
www.samdongkorea.com |
|
Trading Address |
San 39, Samho-ri, Daeso-myeon, Eumseong-gun,
Chungcheongbuk-do, Korea |
|
Tel |
+82-43-879-4000 |
|
Fax |
+82-43-879-4100 |
|
Other Address- Mungyeong Factory |
884, Ocheon-ri, Maseong-myeon,
Mungyeong-si, Gyeongsangbuk-do, Korea |
|
Tel |
+82-54-571-4110 |
|
Fax |
+82-54-571-4115 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Other Insulated Wire and Cable |
|
Main Business |
Copper Wire |
|
Established (mm/dd/yyyy) |
11/15/1990 |
The Subject owns
the premises of registered HQ address.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Copper wire(26121517) |
|
Sell |
Electrical wire(26121500) |
|
Sell |
Copper(11101715) |
CEO’s
|
Name |
Lee Ee-Joo |
|
Address |
56, Myeongil-dong ,Gangdong-gu, Seoul, Korea |
|
Date of Birth |
03/27/1951 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital |
4,967,350,000 KRW |
||||||||||||||||||
|
Employees |
321 |
||||||||||||||||||
|
Formation |
Co., Ltd by shares |
||||||||||||||||||
|
Bank Details |
Shinhan Bank-Gui Dong Branch Korea Exchange Bank Woori Bank |
||||||||||||||||||
|
Corporate Registered No. |
131111-0012193 |
||||||||||||||||||
|
Business Registered No. |
303-81-06751 |
||||||||||||||||||
|
Permit & Licenses |
06/1997 KS Mark 09/2002 ISO 9001 Int’l Trade No.: 590118 |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
12/13/2007 Increased the authorized shares
to 1,000,000 from 700,000 shares 09/2007 Founded factory in USA 11/2006 Won the prize of 0.1 billion
dollar export tower for commemorating the 43rd Trade Day 08/2005 Appointed as specialized part and
material company(Ministry of Commerce, Industry and Energy) 11/2004 Won the prize of 70 million dollar
export tower for commemorating the 41st Trade Day 11/2003 Won the certificate of
commendation from president 06/29/2002 Increased capital to
4,967,350,000 KRW from 4,667,350,000 KRW 09/2002 Achieved ISO 9001 Certificate 10/2002 Certified as promising
company(Korea Development Bank) 11/2001 Won the prize of 30 million dollar
export tower for commemorating the 38th Trade Day 11/2001 Appointed as superior technology
company(KIBO Technology Fund) 04/2000 Appointed as export insurance
nurturing company(Korea Export Insurance Company) 08/1999 Founded Mungyeong
Factory(Mungyeong, Gyeongsangbuk-do) 07/1998 98.Appointed as superior export
product(continuous transposed conductors) by Korea International Trade
Association 08/1998 Registered as venture company(Small
and Medium Business Association) 06/1997 Acquired KS Certificate 11/1995 Won the prize of 10 million dollar
export tower for commemorating the 32nd Trade Day 05/1994 Completed development of high
conductivity, oxygen free copper 03/1993 Completed development of
C.T.C(continuously transposed conductors) 11/1993 Won the prize of 0.5 million
dollar export tower for commemorating the 30th Trade Day 11/1993 Won the prize of Prime Minister
for commemorating the 30th Trade Day 04/1992 Moved headquarter and
factory(Eumseong-gun, Chungcheonguk-do) 12/1992 Appointed as promising
company(Korea Credit Guarantee Fund) 11/15/1990 Incorporated as the present
name 11/1983 Changed company name to Sam Dong
Electric & Metal Engineering Co., Ltd. 01/1977 Founded Sam Dong Metal Co., Ltd. |
||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Day |
|
President & CEO |
Mr. |
Lee Ee-Joo |
Male |
Korean |
02/07/2006 |
|
Director |
Mr. |
Jun Ju-Heum |
Male |
Korean |
02/07/2006 |
|
Director |
Mr. |
Jung Jin-Bok |
Male |
Korean |
02/07/2006 |
|
Director |
Mr. |
Park Soon-Ki |
Male |
Korean |
02/07/2006 |
|
Director |
Mr. |
Choi Sung-Yong |
Male |
Korean |
04/19/2007 |
|
Auditor |
Mr. |
Kim Sung-Kyu |
Male |
Korean |
03/28/2000 |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
380,114,680,394 |
90,744,638,449 |
8,837,288,460 |
|
|
2006 |
274,949,827,496 |
69,356,465,697 |
4,252,053,340 |
|
2005 |
259,042,338,683 |
66,383,406,013 |
(-)1,061,234,522 |
|
2004 |
276,611,326,734 |
75,256,214,900 |
(-)3,842,871,671 |
|
2003 |
159,856,613,622 |
72,604,749,398 |
(-)354,606,277 |
Financial Description
Unit: KRW
|
Authorized
Capital |
10,000,000,000 |
|
Paid-Up
Capital |
4,967,350,000 |
|
Total Issues Shares |
496,735 |
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Total Assets |
90,744,638,449 |
69,356,465,697 |
66,383,406,013 |
|
Current Assets |
48,251,531,592 |
33,967,210,506 |
23,837,880,066 |
|
-Quick Assets |
27,742,684,687 |
16,886,514,042 |
11,582,107,352 |
|
-Inventories |
20,508,846,905 |
17,080,696,464 |
12,255,772,714 |
|
Fixed Assets |
42,493,106,857 |
35,389,255,191 |
42,545,525,947 |
|
-Investment |
9,265,525,638 |
351,940,000 |
1,708,911,280 |
|
-Tangibles |
32,075,855,011 |
33,710,923,048 |
40,767,796,743 |
|
-Intangibles |
10,855,202 |
39,162,207 |
68,817,924 |
|
-Others |
1,140,871,006 |
1,287,229,936 |
|
|
Total Liabilities |
70,239,739,051 |
57,886,208,683 |
59,165,202,339 |
|
Current Liabilities |
64,153,340,506 |
53,504,936,447 |
52,815,578,885 |
|
Fixed Liabilities |
6,086,398,545 |
4,381,272,236 |
6,349,623,454 |
|
Capital Stock |
4,967,350,000 |
4,967,350,000 |
4,967,350,000 |
|
Capital Surplus |
197,353,924 |
- |
|
|
Profit Surplus |
15,340,195,474 |
6,502,907,014 |
2,250,853,674 |
|
Capital Adjustment |
|
|
|
|
Total Equity |
20,504,899,398 |
11,470,257,014 |
7,218,203,674 |
|
Liab. & Shareholder’s Equity |
90,744,638,449 |
69,356,465,697 |
66,383,406,013 |
|
Current
Liabilities |
64,153,340,506 |
53,504,936,447 |
52,815,578,885 |
|
Trade Payables |
12,503,853,034 |
4,842,419,233 |
3,348,687,537 |
|
Short-Term Borrowings |
41,524,918,589 |
39,321,321,577 |
41,146,518,942 |
|
Account Payables |
2,314,671,459 |
2,384,070,107 |
2,956,061,813 |
|
Advance Receipts |
2,647,379,119 |
2,891,041,930 |
101,376,955 |
|
Withholdings |
197,978,001 |
307,379,371 |
376,497,861 |
|
VAT Withhold |
160,770,139 |
294,495,528 |
- |
|
Accrued Expenses |
1,122,924,302 |
1,392,184,041 |
2,027,062,066 |
|
Accrued Income Tax |
1,786,058,006 |
3,903,712 |
- |
|
Current Portion of Long-Term Debts |
1,894,787,857 |
2,068,120,948 |
2,859,373,711 |
|
Fixed
Liabilities |
6,086,398,545 |
4,381,272,236 |
6,349,623,454 |
|
Long-Term Borrowings |
1,269,124,618 |
1,754,706,416 |
3,641,248,267 |
|
Convertible Bonds |
2,000,000,000 |
- |
- |
|
Provision for Severance & Retirement |
3,140,874,003 |
2,688,861,820 |
2,795,678,287 |
Income
Statement
|
Unit : Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Sales |
380,114,680,394 |
274,949,827,496 |
259,042,338,683 |
|
Cost of Sold Goods |
359,290,213,232 |
262,049,525,556 |
252,024,139,905 |
|
Gross Profit |
20,824,467,162 |
12,900,301,940 |
7,018,198,778 |
|
Selling & Admin. Expenses |
6,563,938,701 |
6,325,386,298 |
6,626,604,044 |
|
Operating Income |
14,260,528,461 |
6,574,915,642 |
391,594,734 |
|
Non-Operating Income |
1,058,156,445 |
2,345,314,916 |
2,774,387,028 |
|
Non-Operating expenses |
4,722,052,577 |
4,504,835,926 |
4,175,268,212 |
|
Ordinary Income |
10,596,632,329 |
4,415,394,632 |
(-)1,009,286,450 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
10,596,632,329 |
4,415,394,632 |
(-)1,009,286,450 |
|
Income Taxes Expenses |
1,759,343,869 |
163,341,292 |
51,948,072 |
|
Net Income |
8,837,288,460 |
4,252,053,340 |
(-)1,061,234,522 |
Cash
Flows
|
Unit : Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Cash Flows from Operating |
11,696,927,777 |
1,615,032,996 |
5,858,869,734 |
|
-Net Income |
8,837,288,460 |
4,252,053,340 |
(-)1,061,234,522 |
|
-Exp. without Cash Outflow |
7,240,224,090 |
6,525,814,774 |
6,791,194,681 |
|
-Revenue without
Cash Inflows |
(-)66,536,179 |
(-)1,155,466,134 |
(-)1,589,362,217 |
|
-Changes in
Asset/ & Liability |
(-)4,314,048,594 |
(-)8,007,368,984 |
1,718,271,792 |
|
Cash Flows
from Investing |
(-)13,950,682,111 |
2,069,997,325 |
(-)1,992,969,856 |
|
-Cash Inflow
from Investing |
2,099,613,697 |
3,915,520,885 |
217,803,200 |
|
-Cash
Outflows for Investing |
(-)16,050,295,808 |
(-)1,845,523,560 |
(-)2,210,773,056 |
|
Cash Flows
from Financing |
3,088,571,379 |
(-)3,763,883,846 |
(-)4,560,777,564 |
|
-Cash Inflows
from Financing |
4,197,486,268 |
- |
(-)4,560,777,564 |
|
-Cash Outflows from Financing |
(-)1,108,914,889 |
(-)3,763,883,846 |
|
|
Increase/Decrease in Cash |
834,817,045 |
(-)78,853,525 |
694,877,686 |
|
Cash at the Beginning of Year |
80,244,773 |
159,098,298 |
853,975,984 |
|
Cash at the End of Year |
915,061,818 |
80,244,773 |
159,098,298 |
Products, Technologies, Services
Description
|
Main
Products & Services |
O.F.H.C Enamel Rect. Wire P.C.W Special lapping Wire C.T.C Magnet Round Wire Reels Spools |
Trade
Partners
|
Customers |
HYOSUNG CORPORATION(110111-0030497) |
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Overseas Office |
TENNESSSEE FACTORY 300 INDUSTRIAL PARK ROAD ROGERSVILLE TENNESSEE
37857 USA TEL: +1-423-92197373~7374 FAX :
+1-423-92197446 |
|
Subsidiary |
SAMDONG INC. (100.0% held by the subject company) |
|
Cooperative Enterprise |
-Insured Company MERITZ FIRE & MARINE INSURANCE CO.,
LTD(110111-0013328) |
Sales by
Region (Activity &
Markets)
The Subject deals with the companies in Germany and Japan.
Court
Action
No.
News
Clipping
--
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.34 |
|
UK Pound |
1 |
Rs.82.96 |
|
Euro |
1 |
Rs.65.82 |
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%)