MIRA INFORM REPORT

 

 

Report Date :

06.01.2011

 

IDENTIFICATION DETAILS

 

Name :

SAMSHIN PRECISION CO., LTD

 

 

Registered Office :

197-14, Anyang 7-dong, Manan-gu, Anyang-si, Gyeonggi-do, Korea 430-857

 

 

Country :

South Korea

 

 

Date of Incorporation :

25.06.1986

 

 

Com. Reg. No.:

123-81-16385

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacturer of Other Electronic Valves, Tubes and Electronic Components

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

South Korea

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Basic

 

Company Name

SAMSHIN PRECISION CO., LTD.

(Korean Company Name : “삼신정공()”)

Registered Address

197-14, Anyang 7-dong, Manan-gu, Anyang-si, Gyeonggi-do, Korea

Zip Code

430-857

Tel

+82-31-441-3802~4

Fax

+82-31-448-9133

E-mail

cglim@samssin.com; jinnykim@samssin.com

Website

www.samssin.com

Trading Address

197-14, Anyang 7-dong, Manan-gu, Anyang-si, Gyeonggi-do, Korea

Tel

+82-31-441-3802~4

Fax

+82-31-448-9133

Other Address-Branch

298-1, Dang-dong, Gunpo-si, Gyeonggi-do, Korea

Other Address-Suwon Branch

6, Yeongtong-dong, Yeongtong-gu, Suwon-si, Gyeonggi-do, Korea

Type

Export/Import

Industry

Manufacture of Other Electronic Valves, Tubes and Electronic Components n.e.c.

  Main Business

Bead Glass, Hermetic Terminal

Established (mm/dd/yyyy)

06/25/1986

Mr. Lim Sam-Mook owns the premises of registered HQ address.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Lugs connectors and terminals(39121400)

Sell

Retaining hardware(31163200)

 

 

CEO’s

 

Name

Lim Sam-Mook

Address

Suite 904-1005, 313, Sinjeong-dong, Yangcheon-gu, Seoul, Korea

Date of Birth

12/18/1927

Title

President & CEO

Sex

Male

Nationality

Korean

 

           

Profiles

 

Capital (KRW)

50,000,000

Employees

19

Formation

Co., Ltd by Shares

Bank Details

Shinhan Bank-Anyang Branch

Industrial Bank of Korea-Anyang Branch

Corporate Registered No.

134111-0013148

Business Registered No.

123-81-16385

Permit & Licenses

1990 UL Mark

1991 CSA

 

Int’l Trade No.: 340382

Shareholder Position

N/A

Company History

06/25/1986 Incorporated as the present name

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Lim Sam-Mook

Male

Korean

05/26/1998

Director

Mr.

Lim Chang-Geon

Male

Korean

06/26/1998

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2009

 

 

 

2008

 

 

 

2007

 

 

 

2006

 

 

 

2005

 

 

 

2004

 

 

 

2003

3,769,000,000

 

 

The latest & full financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

 

 

Financial Description

 

Authorized Capital(KRW)

200,000,000

Paid-Up Capital(KRW)

50,000,000

Total Issues Shares

5,000

 

Products, Technologies, Services Description

 

Main Products & Services

Bead Glass, Hermetic Terminal

 

 

Trade Partners & Competitors

 

Customers

LG ELECTRONICS INC.(110111-2487050)

SAMSUNG ELECTRONICS CO., LTD.(130111-0006246)

SAMSUNG SDI CO., LTD.(110111-0394174)

ORION ELECTRIC CO., LTD.(175311-0000176)

Competitors

KYOUNGSUNG INDUSTRY CO.

80-3, SAMNAK-DONG, SASANG-GU, BUSAN, KOREA

TEL:+82-51-324-3669  FAX:+82-51-302-3660

 

SAEJIN INDUSTRIAL CO., LTD.

843, SA-RI, SEOTAN-MYEON, PYEONGTAEK-SI, GYEONGGI-DO, KOREA

TEL:+82-31-665-0135  FAX:+82-31-663-8567

 

DAMOA INC.

310-10, YUHYEON-RI, YANGCHON-MYEON, GIMPO-SI, GYEONGGI-DO, KOREA

TEL:+82-31-985-2520  FAX:+82-31-985-9931

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in China and Japan.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.20

UK Pound

1

Rs.70.27

Euro

1

Rs.59.99

 

 

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

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

----

NB

New Business

----

 

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%)

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.