MIRA INFORM REPORT
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Report Date : |
24.08.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
SAMAH INTERNATIONAL CORP. |
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Formerly Known As : |
SAM AH VENTURE CORP. |
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Registered Office : |
72-2, Eupnae-ri, Sinchang-myeon, Asan-si, Chungcheongnam-do, Korea, Zip Code 336-885 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
24.12.1985 |
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Com. Reg. No.: |
229-81-00672 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Cocoa and Dry Bakery 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 |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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South Korea |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic
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Company
Name |
SAMAH INTERNATIONAL CORP. (Korean Company Name : “(주)삼아인터내셔날”) |
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Registered Address |
72-2, Eupnae-ri, Sinchang-myeon, Asan-si,
Chungcheongnam-do, Korea |
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Zip Code |
336-885 |
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Tel |
+82-41-544-4961~2 |
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Fax |
+82-41-543-5557 |
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E-mail |
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Website |
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Trading Address |
72-2, Eupnae-ri, Sinchang-myeon, Asan-si,
Chungcheongnam-do, Korea |
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Tel |
+82-41-544-4961~2 |
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Fax |
+82-41-543-5557 |
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Type |
Export/Import |
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Industry |
Manufacture of Cocoa and Dry Bakery Products |
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Main Business |
Mirai Chip, Choco Bar, Cookie, Waffle |
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Established (mm/dd/yyyy) |
12/24/1985 |
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Snack foods(50192100) |
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Sell |
Sweet biscuits or cookies(50181905) |
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Sell |
Chocolate or chocolate substitute
candy(50161813) |
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Sell |
Formulas and products for nutritional
support(42231800) |
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Sell |
Bread and biscuits and cookies(50181900) |
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Sell |
Shelf stable milk or butter
products(50131702) |
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Sell |
Prepared and preserved foods(50190000) |
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Sell |
Flavours or extracts(12164502) |
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Sell |
Proteins(12352202) |
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Buy |
Edible vegetable or plant oils(50151513) |
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Buy |
Sugar or sugar substitute candy(50161814) |
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Buy |
Cereal flour(50221102) |
CEO’s
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Name |
Chae Hong-Yong |
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Address |
Suite 103-104, 100, Sinjang-dong,
Hanam-si, Gyeonggi-do, Korea |
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Date of Birth |
05/02/1958 |
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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 (KRW) |
798,600,000 |
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Employees |
50 |
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Formation |
Co., Ltd by Shares |
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Bank Details |
Industrial Bank of Korea-Yangjae Dong
Branch Woori Bank-Seocho Dong Branch |
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Corporate Registered No. |
110111-0413726 |
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Business Registered No. |
229-81-00672 |
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Permit & Licenses |
Int’l Trade No.: 861641 |
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Shareholder Position |
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Company History |
11/01/1984 Established as SAM AH
INTERNATIONAL CO.(SOLE PROPRIETORSHIP) 12/24/1985 Incorporated as SAM AH VENTURE
CORP. 09/05/1987 Changed company name to the
present name 03/27/2007 Moved to the present HQ address
from Rm.905, AT Center 232, Yangjae-dong, Seocho-gu, Seoul, Korea |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
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President & CEO |
Mr. |
Chae Hong-Yong |
Male |
Korean |
03/30/2009 |
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Director |
Mr. |
Lim Min-Soo |
Male |
Korean |
03/30/2009 |
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Director |
Mr. |
Lee Kyun-Hee |
Male |
Korean |
03/30/2009 |
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Auditor |
Mr. |
Kim Sae-Han |
Male |
Korean |
03/30/2009 |
Financials
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Year / Unit : KRW |
Sales |
Assets |
Net Income |
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17,884,083,000 |
7,377,648,000 |
1,159,160,000 |
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2009 |
16,323,947,000 |
5,596,572,000 |
737,993,000 |
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2008 |
17,080,395,000 |
5,494,983,000 |
-113,231,000 |
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2007 |
11,543,000,000 |
6,057,000,000 |
300,000,000 |
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2006 |
10,962,000,000 |
6,069,000,000 |
113,000,000 |
Financial Description
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Authorized Capital(KRW) |
2,400,000,000 |
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Paid-Up Capital(KRW) |
798,600,000 |
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Total Issues Shares |
159,720 |
Balance
Sheet
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Total Assets |
7,377,648,000 |
5,596,572,000 |
5,494,983,000 |
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Current Assets |
4,710,747,000 |
3,102,733,000 |
2,875,625,000 |
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-Quick Assets |
- |
- |
- |
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-Inventories |
- |
- |
- |
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Fixed Assets |
2,666,901,000 |
2,493,839,000 |
2,619,358,000 |
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-Investment |
- |
- |
- |
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-Tangibles |
- |
- |
- |
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-Intangibles |
- |
- |
- |
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Total Liabilities |
2,285,687,000 |
1,504,050,000 |
2,100,524,000 |
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Current Liabilities |
2,114,740,000 |
1,285,704,000 |
1,862,167,000 |
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Fixed Liabilities |
170,947,000 |
218,346,000 |
238,357,000 |
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Capital Stock |
798,600,000 |
798,600,000 |
798,600,000 |
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Capital Surplus |
- |
- |
- |
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Profit Surplus |
4,293,361,000 |
3,293,922,000 |
2,595,859,000 |
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Capital Adjustment |
- |
- |
- |
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Total Equity |
5,091,961,000 |
4,092,522,000 |
3,394,459,000 |
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Liab. &
Shareholder’s Equity |
7,377,648,000 |
5,596,572,000 |
5,494,983,000 |
Income
Statement
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Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
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Sales |
17,884,083,000 |
16,323,947,000 |
17,080,395,000 |
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Cost of Sold Goods |
16,289,043,000 |
15,237,356,000 |
16,757,625,000 |
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Gross Profit |
1,595,040,000 |
1,086,591,000 |
322,770,000 |
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Selling & Admin. Expenses |
543,924,000 |
446,891,000 |
468,284,000 |
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Operating Income |
1,051,116,000 |
639,700,000 |
-145,514,000 |
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Non-Operating Income |
170,947,000 |
218,346,000 |
238,357,000 |
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Non-Operating Expenses |
293,957,000 |
546,725,000 |
787,444,000 |
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Income Before Taxes |
1,228,162,000 |
739,622,000 |
-113,231,000 |
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Income Taxes Expenses |
69,002,000 |
1,629,000 |
- |
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Net Income |
1,159,160,000 |
737,993,000 |
-113,231,000 |
Products, Technologies, Services Description
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Main Products & Services |
Mirai Chip, Choco Bar, Cookie, Waffle |
Trade Partners & Competitors
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Competitors |
SUN-IN CO., LTD. 594-3, SINNAM-RI, DUNPO-MYEON, ASAN-SI,
CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-532-6274 FAX:+82-41-531-1625 DAIAH COMMERCIAL CO., LTD. RM. 1818, GOLDEN TOWER BLDG., 191,
CHUNGJEONGNO 2-GA, SEODAEMUN-GU, SEOUL, KOREA TEL:+82-2-365-0900 FAX:+82-2-365-0905 CROWN CONFECTIONERY CO., LTD. 131-1, NAMYEONG-DONG, YONGSAN-GU, SEOUL,
KOREA TEL:+82-2-791-9133 FAX:+82-2-791-9119 |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
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Affiliates |
SAMAH ASIA CO., LTD.(141211-0003049) |
Sales by Region
(Activity & Markets)
The Subject deals
with the companies in Indonesia, Japan and USA.
Court Action
Not Available.
News Clipping
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.69 |
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UK Pound |
1 |
Rs.75.29 |
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Euro |
1 |
Rs.65.77 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.