|
Report Date : |
21.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
SAMWON PAPER CO., LTD. |
|
|
|
|
Formerly Known As : |
Samwon Specialty
Paper Sangsa Co., Ltd |
|
|
|
|
Registered Office : |
226-3, Yongdap-dong, Seongdong-gu, Seoul, Korea, Zip Code 133-847 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
17.08.1990 |
|
|
|
|
Com. Reg. No.: |
218-81-17187 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacturer of Printing and Writing Paper |
|
|
|
|
No. of Employees : |
124 employees |
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 : |
Usually Correct |
|
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 |
|
Company
Name |
SAMWON PAPER
CO., LTD. (Korean Company
Name : “(주)삼원특수지”) |
|
Registered Address |
226-3, Yongdap-dong, Seongdong-gu, Seoul,
Korea |
|
Zip Code |
133-847 |
|
Tel |
+82-2-2217-8053 |
|
Fax |
+82-2-2217-8998 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
226-3, Yongdap-dong, Seongdong-gu, Seoul,
Korea (New Address System : 6, Jadongchasijang 1(il)-gil, Seongdong-gu, Seoul, Kortea) |
|
Tel |
+82-2-2217-8053 |
|
Fax |
+82-2-2217-8998 |
|
Other Address-Icheon Logistics Center |
113-4, Jiseok-ri,
Sindun-myeon, Icheon-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-631-0668 |
|
Fax |
+82-31-631-0672 |
|
Other Address-Busan Branch |
410-1, Samnak-dong,
Sasang-gu, Busan, Korea |
|
Tel |
+82-51-315-3293~4 |
|
Fax |
+82-51-315-3295 |
|
Other Address-Jungbu Branch |
411, Nangwol-dong,
Dong-gu, Daejeon, Korea |
|
Tel |
+82-42-625-3293 |
|
Fax |
+82-42-625-3291 |
|
Other Address-Daegu Branch |
294, Sinam-dong,
Dong-gu, Daegu, Korea |
|
Tel |
+82-53-756-8703~4 |
|
Fax |
+82-53-756-8701 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Printing and Writing Paper |
|
Main Business |
Label Sheet, Note |
|
Established (mm/dd/yyyy) |
08/17/1990 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Undershirts(53102301) |
|
Sell |
Printing and writing paper(14111500) |
|
Sell |
Super calendared kraft paper(14122101) |
|
Sell |
Art or craft paper(14111606) |
|
Sell |
Novelty paper(14111600) |
|
Buy |
Coated papers(14121800) |
|
Buy |
Standard newsprint(14121901) |
|
Buy |
Super calendared kraft paper(14122101) |
|
Buy |
Printing and writing paper(14111500) |
|
Name |
Lee Yeon-Wook |
|
Address |
Suite 803, 640, Yeongdong-daero, Gangnam-gu, Seoul, Korea |
|
Date of Birth |
02/01/1959 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
1,500,000,000 |
|
Employees |
124 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Hana Bank Industrial Bank of Korea |
|
Corporate Registered No. |
110111-0717227 |
|
Business Registered No. |
218-81-17187 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
08/17/1990 Incorporated as Samwon Specialty
Paper Sangsa Co., Ltd. 05/30/1996 Decreased the authorized shares
to 250,000 shares from 700,000 shares 03/31/2004 Changed company name to the
present name 03/31/2006 Increased capital to 1,500,000,000
KRW from 1,210,000,000 KRW |
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Lee Yeon-Wook |
Male |
Korean |
03/31/2010 |
|
Director |
Mr. |
Lee Myung-Woo |
Male |
Korean |
11/22/1993 |
|
Director |
Mr. |
Lee Chang-Wook |
Male |
Korean |
03/31/2012 |
|
Auditor |
M/S. |
Lee Sang-Rye |
Female |
Korean |
03/30/2010 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
38,940,967,225 |
48,443,438,933 |
2,542,652,644 |
|
|
2010 |
36,698,743,606 |
44,135,963,448 |
2,912,256,035 |
|
2009 |
33,215,095,535 |
43,734,585,267 |
3,311,688,582 |
|
Authorized Capital(KRW) |
2,500,000,000 |
|
Paid-Up Capital(KRW) |
1,500,000,000 |
|
Total Issues Shares |
150,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
48,443,438,933 |
44,135,963,448 |
43,734,585,267 |
|
Current Assets |
14,899,554,422 |
13,052,286,265 |
13,809,300,351 |
|
-Quick Assets |
11,894,467,014 |
10,796,143,453 |
12,015,538,381 |
|
-Inventories |
3,005,087,408 |
2,256,142,812 |
1,793,761,970 |
|
Fixed Assets |
33,543,884,511 |
31,083,677,183 |
29,925,284,916 |
|
-Investment |
996,683,197 |
722,750,000 |
1,265,350,000 |
|
-Tangibles |
32,176,841,734 |
29,799,565,603 |
28,099,916,736 |
|
-Intangibles |
2,391,240 |
2,391,240 |
3,047,840 |
|
-Others |
367,968,340 |
558,970,340 |
556,970,340 |
|
Total Liabilities |
22,945,513,686 |
20,580,690,845 |
22,491,568,699 |
|
Current Liabilities |
22,717,601,287 |
20,377,626,232 |
22,177,458,249 |
|
Fixed Liabilities |
227,912,399 |
203,064,613 |
314,110,450 |
|
Capital Stock |
1,500,000,000 |
1,500,000,000 |
1,500,000,000 |
|
Capital Surplus |
|
|
|
|
Profit Surplus |
23,997,925,247 |
22,055,272,603 |
19,743,016,568 |
|
Capital Adjustment |
|
|
|
|
Total Equity |
25,497,925,247 |
23,555,272,603 |
21,243,016,568 |
|
Liab. & Shareholder’s Equity |
48,443,438,933 |
44,135,963,448 |
43,734,585,267 |
|
Current Liabilities |
22,717,601,287 |
20,377,626,232 |
22,177,458,249 |
|
Trade Payables |
3,797,350,628 |
3,390,324,911 |
3,622,563,098 |
|
Short-Term Borrowings |
17,281,553,000 |
15,240,000,000 |
17,000,000,000 |
|
Account Payables |
783,213,804 |
744,404,191 |
468,693,546 |
|
Advance Receipts |
49,633,219 |
24,407,164 |
16,725,634 |
|
Withholdings |
45,924,380 |
38,480,540 |
65,859,333 |
|
Accrued Expenses |
31,884,396 |
24,792,562 |
26,050,682 |
|
Accrued Income Tax |
238,041,860 |
379,216,864 |
601,565,956 |
|
Leasehold Deposit Received |
490,000,000 |
536,000,000 |
376,000,000 |
|
Fixed Liabilities |
227,912,399 |
203,064,613 |
314,110,450 |
|
Provision for Severance & Retirement |
227,912,399 |
203,064,613 |
314,110,450 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
38,940,967,225 |
36,698,743,606 |
33,215,095,535 |
|
Cost of Sold Goods |
25,378,133,479 |
23,797,627,577 |
20,596,800,381 |
|
Gross Profit |
13,562,833,746 |
12,901,116,029 |
12,618,295,154 |
|
Selling & Admin. Expenses |
9,772,430,299 |
8,679,129,177 |
8,543,299,902 |
|
Operating Income |
3,790,403,447 |
4,221,986,852 |
4,074,995,252 |
|
Non-Operating Income |
445,471,430 |
579,939,822 |
1,128,416,441 |
|
Non-Operating expenses |
1,054,761,963 |
1,009,017,810 |
811,936,785 |
|
Income Before Taxes |
3,181,112,914 |
3,792,908,864 |
4,391,474,908 |
|
Income Taxes Expenses |
638,460,270 |
880,652,829 |
1,079,786,326 |
|
Net Income |
2,542,652,644 |
2,912,256,035 |
3,311,688,582 |
Cash
Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Cash Flows from Operating |
2,378,722,686 |
2,871,346,762 |
4,337,686,396 |
|
-Net Income |
2,542,652,644 |
2,912,256,035 |
3,311,688,582 |
|
-Exp. without Cash Outflow |
1,143,345,540 |
687,495,715 |
829,260,802 |
|
-Revenue without Cash Inflows |
-1,687,736 |
-6,727,702 |
-1,000,000 |
|
-Changes in Asset/ & Liability |
-1,305,587,762 |
-721,677,286 |
197,737,012 |
|
Cash Flows from Investing |
-2,576,794,876 |
-933,248,785 |
-14,165,973,817 |
|
-Cash Inflow from Investing |
3,351,710,336 |
10,124,942,526 |
7,291,278,946 |
|
-Cash Outflows for Investing |
-5,928,505,212 |
-11,058,191,311 |
-21,457,252,763 |
|
Cash Flows from Financing |
1,441,553,000 |
-2,360,000,000 |
9,500,000,000 |
|
-Cash Inflows from Financing |
3,581,553,000 |
1,020,000,000 |
13,900,000,000 |
|
-Cash Outflows from Financing |
-2,140,000,000 |
-3,380,000,000 |
-4,400,000,000 |
|
Increase/Decrease in Cash |
1,243,480,810 |
-421,902,023 |
-328,287,421 |
|
Cash at the Beginning of Year |
1,109,282,222 |
1,531,184,245 |
1,859,471,666 |
|
Cash at the End of Year |
2,352,763,032 |
1,109,282,222 |
1,531,184,245 |
|
Main Products & Services |
Label Sheet, Note |
|
Competitors |
HANKUK PAPER MFG CO., LTD. (110111-0002818) 1358-6, SEOCHO 2-DONG, SEOCHO-GU, SEOUL,
KOREA TEL:+82-2-3475-7200 FAX:+82-2-3473-2133 HANSOL PAPER CO., LTD. (110111-0017867) 21ST FL., HANSOL BLDG., 736-1, YEOKSAM
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-3287-7114 FAX:+82-2-3287-6114 MOORIM PAPER CO., LTD.(191111-0000782) 281-1, SANGPYEONG-DONG, JINJU-SI,
GYEONGSANGNAM-DO, KOREA TEL:+82-55-751-1234 FAX:+82-55-751-1235 KYESUNG PAPER CO., LTD.(134811-0000654) 637, OSAN-DONG, OSAN-SI, GYEONGGI-DO, KOREA TEL:+82-31-379-5500 FAX:+82-31-379-5691 HONG WON PAPER MFG CO.,
LTD.(110111-0239221) 14TH FL., IMGWANG BLDG., 267, MIGEUN-DONG,
SEODAEMUN-GU, SEOUL, KOREA TEL:+82-2-360-6300 FAX:+82-2-360-6405 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Cooperative Enterprise |
-Insured Company LOTTE NON-LIFE INSURANCE CO., LTD.(110111-0014459) |
(Activity & Markets)
Not Available.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.