1. Summary Information
|
|
|
Country |
India |
|
Company Name |
Samsung India Electronics Private Limited |
Principal Name 1 |
Mr. Shin Soo Jung |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Ravinder Zutshi |
|
|
|
Registration # |
55-071387 |
|
Street Address |
A-25, Ground Floor, Front Tower, Mohan Co-operative Industrial Estate,
New Delhi – 110044, India |
||
|
Established Date |
03.08.1995 |
SIC Code |
-- |
|
Telephone# |
91-124-4881234 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-124-4882021 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Colour Television |
|
# of employees |
1000
(Approximately) |
Product Name 2 |
Refrigerator |
|
Paid up capital |
Rs.2167,875,000/- |
Product Name 3 |
Microwave Oven |
|
Shareholders |
Foreign holdings – 100% |
Banking |
State Bank of India |
|
Public Limited Corp. |
No |
Business Period |
16 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba
(51) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Fellow
Subsidiary |
Vietnam |
Samsung Vina Electronics Company Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
16,479,226,000 |
Current Liabilities |
24,457,542,000 |
|
Inventories |
12,128,621,000 |
Long-term Liabilities |
900,000,000 |
|
Fixed Assets |
4,397,988,000 |
Other Liabilities |
2,677,530,000 |
|
Deferred Assets |
704,252,000 |
Total Liabilities |
28,035,072,000 |
|
Invest& other Assets |
2,413,825,000 |
Retained Earnings |
5,920,965,000 |
|
|
|
Net Worth |
8,088,840,000 |
|
Total Assets |
36,123,912,000 |
Total Liab. & Equity |
36,123,912,000 |
|
Total Assets (Previous Year) |
20,994,899,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
116,629,553,000 |
Net Profit |
4,021,989,000 |
|
Sales(Previous yr) |
77,920,414,000 |
Net Profit(Prev.yr) |
414,488,000 |
MIRA
INFORM REPORT
|
Report Date : |
01.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
SAMSUNG INDIA ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-25, Ground Floor, Front Tower, Mohan Co-operative Industrial Estate,
New Delhi – 110044 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
03.08.1995 |
|
|
|
|
Com. Reg. No.: |
55-071387 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2167.875
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31900DL1995PTC071387 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELS19222A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Colour Television, Refrigerator, Microwave Oven, Air Conditioners, Washing Machine, Digital Video Disc Player, Audio – Video Systems, Stereo, Video Cassettes, Computer and Related Hardware, Tele Communication Equipment and Other Home Appliances and Equipment. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 32000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a reputed multinational company having good track. Financial
positions of the company appears to be sound. Fundamentals are strong and
healthy. Trade relations are fair. Business is active. Payments are reported
to be usually correct as per commitments The company can be considered normal for business dealings at usual
trade terms and conditions. |
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY (General Details)
|
Name : |
Mr. Arun |
|
Designation : |
Senior Executive |
|
Contact No.: |
91-9962080541 |
|
Date : |
30.06.2011 |
LOCATIONS
|
Registered Office : |
A-25, Ground Floor, Front Tower, Mohan Co-operative Industrial Estate,
New Delhi – 110044, India |
|
Mobile No.: |
91-9962080541 (Mr. Arun) |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporative Office : |
Suites No. 101-103, First Floor, Copia Corporate, Suites, Plot No. 9, Jasola
District Center, Delhi-110025, New Delhi, India. |
|
|
|
|
Factory : |
Plot No.1, P-1, SIPCOT Industrial Park, Phase II, Sunguvarchatram,
India |
|
Tel No.: |
91-124-4881234 |
|
Fax No.: |
91-124-4882021 |
DIRECTORS
AS ON 23.07.2010
|
Name : |
Mr. Shin Soo Jung |
|
Designation : |
Chairman Cum Managing Director |
|
Address : |
Qutab Hotel Apartment, Saheed Jeet Singh Mar, |
|
Date of Birth/Age : |
24.07.1954 |
|
Date of Appointment : |
16.04.2009 |
|
|
|
|
Name : |
Mr. Ravinder Zutshi |
|
Designation : |
Whole Time Director |
|
Address : |
7, Vikram Vihar Extn. Lajpat Nagar IV, |
|
Date of Birth/Age : |
19.12.1954 |
|
Date of Appointment : |
25.05.2005 |
|
|
|
|
Name : |
Mr. Won Taek Yang |
|
Designation : |
Whole Time Director |
|
Address : |
215 B, |
|
Date of Birth/Age : |
26.11.1958 |
|
Date of Appointment : |
25.05.2005 |
|
Date of Ceasing: |
08.01.2010 |
|
|
|
|
Name : |
Mr. Byong Dae Park |
|
Designation : |
Director |
|
Address : |
A-304, Central Park-1, Sector 42, Gurgaon-122002, |
|
Date of Birth/Age : |
14.02.1959 |
|
Date of Appointment : |
16.04.2009 |
|
|
|
|
Name : |
Mr. Kyung Hyun Jae |
|
Designation : |
Whole Time Director |
|
Address : |
1502-104, Dong Prior, Palace Apartment, AMSA Dong, Kang Dong –GU, |
|
Date of Birth/Age : |
09.02.1964 |
|
Date of Appointment : |
01.02.2010 |
|
|
|
|
Name : |
Mr. Cho Woo Kwang |
|
Designation : |
Whole Time Director |
|
Address : |
202, 786-3 (9/5), Bangbae – Dong, Seocho- Gu, |
|
Date of Birth/Age : |
19.01.1958 |
|
Date of Appointment : |
18.07.2008 |
|
|
|
|
Name : |
Mr. Jin Tong Jung |
|
Designation : |
Director |
|
Address : |
102-1205, Seongnae 1, Cha-E-Pyeonhan, Sei Sang, 598, Seongnae-Dong,
Gangdong-GU, Seoul-134060, |
|
Date of Birth/Age : |
06.07.0964 |
|
Date of Appointment : |
21.02.2008 |
KEY EXECUTIVES
|
Name : |
Mr. Sachin Baweja |
|
Designation : |
Secretary |
|
Address : |
B-221, Sector 55, Noida-201301, |
|
Date of Birth/Age : |
26.04.1975 |
|
Date of Appointment : |
18.05.2007 |
|
Election Commission Identity Card No. |
FJF4125100 |
|
|
|
|
Name : |
Mr. Arun |
|
Designation : |
Senior Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 23.07.2010
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Samsung Electronics Company Limited |
|
216787486 |
|
Samsung Asia Private Limited |
|
18 |
|
|
|
|
|
Total |
|
216787504 |
AS ON 23.07.2010
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Colour Television, Refrigerator, Microwave
Oven, Air Conditioners, Washing Machine, Digital Video Disc Player, Audio –
Video Systems, Stereo, Video Cassettes, Computer and Related Hardware, Tele
Communication Equipment and Other Home Appliances and Equipment. |
||||||||
|
|
|
||||||||
|
Products : |
v Mobile Phones v TV, Video and Audio v Computers and Related Products v Home Appliances v Semiconductor v TFT LCD Modules v Telecommunication System v Fiber optics v CCTV v Compressors |
||||||||
|
|
|
||||||||
|
Brand Names : |
“SAMSUNG” |
PRODUCTION STATUS As on 31.03.2010
|
Particulars |
Unit |
Installed Capacity *@ |
|
|
|
|
|
Color Televisions |
Nos. |
3840 |
|
Color Monitors |
Nos. |
720 |
|
Washing Machines |
Nos. |
780 |
|
Refrigerators |
Nos. |
570 |
|
Mobile Phone |
Nos. |
10200 |
|
Air Conditioner |
Nos. |
960 |
Note:
* As certified by the management and accepted by
auditors, being a technical matter
@ on single shift basis except in case of
Mobile Phone where it is based on triple shift basis.
GENERAL INFORMATION
|
No. of Employees : |
1000 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
v
State Bank of Nepz Branch B, Phase II, Noida-201301, Uttar Pradesh, India. v ICICI Bank Limited, 9-A, Connaught Place, New Delhi - 110 001, India v
Bank of America, Barakhamba Road, New Delhi, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Building 8, 7th and 8th Floor, Tower-B, DLF, |
|
|
|
|
Associates/Subsidiaries : |
Fellow
Subsidiaries ·
Samsung Vina Electronics Company Limited, Vietnam ·
Samsung Asia Private Limited, ·
Samsung Electronics Australia Pty. Limited, ·
Thai-Samsung Electronics Company Limited, ·
Samsung Electronics Hong Kong Company Limited ·
Tianjin Samsung Electronics Display Company
Limited ·
P.T. ·
Samsung ·
Samsung Electronics Huizhou Company Limited ·
Samsung Electronics Vietnam Company Limited ·
Samsung Electronics Display(M) SDN.OMD.(HSD) ·
Samsung Gulf Electronics Company Limited ·
Samsung Electronics Limited(SEUK) ·
Samsung Kwangju Electronics Company Limited ·
Seoul Commtech Company, Limited, ·
Samsung Japan Company, Limited ·
Samsung Electronics America Inc. ·
Samsung International Inc., ·
Samsung Electronics Hungarian RT. Company
Limited, ·
Samsung Electronics Europe Logistics B.V., ·
Samsung Electronics Slovakta s.r.o, ·
Samsung Electronics ·
Samsung Electronics ( ·
Tianjin Samsung Electronics Company Limited ·
Tianjin Tongguang Samsung Electronics Company
Limited, China ·
Samsung Electronics Taiwan Company Limited ·
Tianjin Samsung Telecom Technology Company
Limited ·
Samsung Electronics Suzhou Computer Company
Limited ·
Samsung Electronics Beijing Service Company
Limited ·
Samsung Electronics Mexico SA. DE CV., ·
Samsung Electronics Philippines Manufacturing
Corporation ·
Samsung Electronics Philippines Corporation, ·
Shenzhen Samsung Kejian Mobile Telecommunication
Technology Company Limited ·
Samsung Eletronica DA Amazonia Limited, ·
Samsung Electronics ·
Samsung Electronics Latino America Miami, Inc., ·
Samsung Electronics ·
Samsung India Software Operations Prtivate
Limited, India ·
Samsung Mobile Display, Company Limited ·
Suzhou Samsung Electronics Company Limited, China ·
Samsung Electronics ( ASSOCIATES v
Toshiba Samsung Storage v
Samsung Corporation Company Limited v
Samsung Digital Imaging Company Limited v
iMarket Korea, Inc. v
Samsung SDI ( v
Tianjin Samsung SDI Company Limited v
Samsung SDI ( v
Samsung Electro-Mechanics Company Limited v
Samsung Electro-Mechanics Pte. Limited v
Tianjin Samsung Electro-Mechanics Company Limited v
Samsung High-Tech Electro-Mechanics (Tianjin)
Company Limited v
Samsung Heavy Industries India Private Limited v
Tianjin Samsung Opto-Electronics Company Limited v
Samsung SDS Company Limited v
Samsung Networks Inc. v
Samsung SDI Company Limited v Samsung SDS Asia Pacific Pte. Limited Holding Company v
Samsung Electronics Company Limited, Korea |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
244000000 |
Equity Share |
Rs.10/- Each |
Rs.2440.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
216787504 |
Equity Share |
Rs.10/- Each |
Rs.2167.875
Millions |
|
|
|
|
|
NOTE:
1. Of
the above, 216,787,486 (Previous year 216,787,486), Equity Shares of
Rs.10 each are held by Samsung Electronics Company Limited., Korea, the holding
company
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2167.875 |
2167.875 |
1801.208 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
5920.965 |
1898.976 |
1144.706 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
8088.840 |
4066.851 |
2945.914 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
1.691 |
|
|
2] Unsecured Loans |
900.000 |
2774.307 |
2594.160 |
|
|
TOTAL BORROWING |
900.000 |
2774.307 |
2595.851 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
8988.840 |
6841.158 |
5541.765 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4397.988 |
4096.055 |
3523.242 |
|
|
Capital work-in-progress |
2413.825 |
74.734 |
57.644 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
704.252 |
367.133 |
259.533 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
12128.621
|
8138.490
|
7137.034 |
|
|
Sundry Debtors |
8629.631
|
4921.853
|
4109.183 |
|
|
Cash & Bank Balances |
3306.959
|
462.418
|
178.562 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
4542.636
|
2934.216
|
1870.333 |
|
Total
Current Assets |
28607.847
|
16456.977 |
13295.112 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
22553.766
|
10932.657
|
10334.283 |
|
|
Other Liabilities |
1903.776
|
1034.506
|
|
|
|
Provisions |
2677.530
|
2186.578
|
1259.483 |
|
Total
Current Liabilities |
27135.072
|
14153.741
|
11593.766 |
|
|
Net Current Assets |
1472.775
|
2303.236
|
1701.346 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
8988.840 |
6841.158 |
5541.765 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
116629.553 |
77920.414 |
50974.516 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
109096.317 |
74363.667 |
48361.012 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
109096.317 |
74363.667 |
48361.012 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
7533.236 |
3556.747 |
2613.504 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
124.630 |
333.073 |
133.208 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7408.606 |
3223.674 |
2480.296 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1403.015 |
1437.346 |
937.190 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
6005.591 |
1786.328 |
1543.106 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1983.602 |
1371.840 |
2306.237 |
|
|
|
|
|
|
|
|
