MIRA INFORM REPORT

 

 

Report Date :

11.04.2012

 

IDENTIFICATION DETAILS

 

Name :

SAMS INTERNATIONAL CO., LTD.

 

 

Registered Office :

Rm. 1605, Seongji Heights 3-cha Bldg. 642-6, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea 135-080

 

 

Country :

South Korea

 

 

Date of Incorporation :

04.12.2002

 

 

Com. Reg. No.:

220-86-53105

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Wholesale of Spun Fibers and Yarns

 

 

No. of Employees :

3

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

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 Information

 

Company Name

SAMS INTERNATIONAL CO., LTD.

(Korean Company Name : “(주)삼스교역”)

Registered Address

642-6, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea

Building

Rm. 1605, Seongji Heights 3-cha Bldg.

Zip Code

135-080

Tel

+82-2-539-1158

Fax

+82-2-539-1157

E-mail

ejoo@samsintl.co.kr

Trading Address

Rm. 1605, Seongji Heights 3-cha Bldg., 642-6, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea

Tel

+82-2-539-6823

Fax

+82-2-539-1157

Type

Export

Industry

Wholesale of Spun Fibers and Yarns

  Main Business

Polyester Chip, Filament Yarn, Fiber

Established (mm/dd/yyyy)

12/04/2002

The Subject Company occupies the premises of registered HQ address by leasing base.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Fibers(11151500)

Sell

Yarns(11151700)

Sell

Synthetic fabrics(11161800)

 

 

CEO’s

 

Name

Lee Jae-Kwan

Address

Suite 112-1203, 176, Geumgok-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Date of Birth

11/29/1970

Title

Co-President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

50,000,000

Employees

3

Formation

Co., Ltd by shares

Bank Details

Korea Exchange Bank-Dogokro Branch

Corporate Registered No.

110111-2666373

Business Registered No.

220-86-53105

Permit & Licenses

Int’l Trade No.: 45064412

Shareholder Position

N/A

Company History

12/04/2002 Incorporated as the present name

09/30/2005 Moved to the present HQ address from Rm.401, 751-10, Yeoksam-dong, Gangnam-gu, Seoul, Korea

10/01/2009 moved to the present HQ address from 6th Fl., Seonghwan Bldg., 770-9, Yeoksam 2-dong, Gangnam-gu, Seoul, Korea

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Co-President & CEO

Mr.

Lee Jae-Kwan

Male

Korean

09/30/2005

Co-President & CEO

Mr.

Koo Kwang-Mo

Male

Korean

09/30/2005

Director

M/S

Seo Joo-Yon

Female

Korean

09/30/2005

Auditor

M/S

Yang Soo-Jin

Female

Korean

09/30/2005

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

18,143,000,000

 

 

2009

12,466,000,000

 

 

2008

18,392,000,000

 

 

2007

14,444,000,000

 

 

2006

14,271,000,000

 

 

2005

22,684,000,000

 

 

2004

26,677,000,000

 

 

2003

10,983,000,000

 

 

The 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 Issued Shares

10,000

 

 

 

 

Products, Technologies, Services Description

 

Main Products & Services

Fibers and Fabric

Filament Fiber

 

 

Trade Partners & Competitors

 

Competitors

INVISTA KOREA INC.

19TH FL., KUMGANG TOWER, 889-13, DAECHI 4-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-550-5200  FAX:+82-2-550-5277

 

DO BEST CO., LTD.

105-112, GONGDEOK-DONG, MAPO-GU, SEOUL, KOREA

TEL:+82-2-3271-3800  FAX:+82-2-3271-3899

 

SOLSANG INTERNATIONAL CORP.

RM. 711, DAEYOUNG BLDG., 44-1, YEOEUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA

TEL:+82-2-318-1137  FAX:+82-2-318-1170

 

 

Sales by Region

(Activity & Markets)

 

The subject exports to China, Guatemala, Italy, Pakistan, Poland and Spain.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.20

UK Pound

1

Rs.81.50

Euro

1

Rs.67.15

 

 

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.