|
Report Date : |
13.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
SAMATRON CO.,
LTD. |
|
|
|
|
Registered Office : |
10B-74, 782-7, Wonsi-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea, Zip Code 425-852 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
25.02.1987 |
|
|
|
|
Com. Reg. No.: |
134-81-07080 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Manufacturer of Other Insulated Wire and Cable |
|
|
|
|
No. of Employees : |
152 employees |
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 : |
Slow but 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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
South Korea - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies, and currently is among the world's 20 largest economies. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea''s development model including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. With the global economic downturn in late 2008, South Korean GDP growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to recover, in large part due to export growth, low interest rates, and an expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade Agreement was ratified by both governments and is projected to go into effect in early 2012. The South Korean economy''s long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports - which comprise half of GDP.
|
Source : CIA |
|
Company Name |
SAMATRON CO.,
LTD. (Korean Company Nam : “삼아트론(주)”) |
|
Registered Address |
10B-74, 782-7, Wonsi-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea |
|
Zip Code |
425-852 |
|
Tel |
+82-31-491-6501 |
|
Fax |
+82-31-491-3681 |
|
E-mail |
|
|
Website |
|
|
Trading
Address |
10B-74, 782-7, Wonsi-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-491-6501 |
|
Fax |
+82-31-491-3681 |
|
Type |
Export/Import |
|
Industry |
Manufacture
of Other Insulated Wire and Cable |
|
Main Business |
CP
Wire, Aluminum Wire, Communications Cable, Lead Wire |
|
Established (mm/dd/yyyy) |
02/25/1987 |
The Subject owns
the premises of registered HQ address.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Copper
wire(26121517) |
|
Sell |
Telecommunications
cable(26121616) |
|
Buy |
Metallic
drums(24112108) |
|
Buy |
Base
Metals(11101700) |
|
Buy |
Aluminum(11101705) |
|
Buy |
Packaging
boxes(24121503) |
|
Buy |
Lead(11101714) |
|
Buy |
Copper(11101715) |
|
Buy |
Pallets(24112505) |
|
Buy |
Non
metallic baskets(24112006) |
|
Buy |
Mechanical
wire(31151800) |
|
Name |
Rhyu
Ui-Soo |
|
Address |
Suite 139-502, 720, Gojan-dong,
Danwon-gu, Ansan-si, Gyeonggi-do, Korea |
|
Date of Birth |
02/14/1944 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
5,425,000,000 |
|||||||||||||||
|
Employees |
152 |
|||||||||||||||
|
Formation |
Co.,
Ltd by shares |
|||||||||||||||
|
Bank Details |
Korea Development Bank of Korea-Shihwa
Branch Hana Bank-Gyeongin HQ Office Industrial Bank of Korea- Ansan Central
Branch |
|||||||||||||||
|
Corporate Registered No. |
130111-0026955 |
|||||||||||||||
|
Business Registered No. |
134-81-07080 |
|||||||||||||||
|
Permit & Licenses |
08/30/2000 ISO 14001 06/30/2001 ISO 9001 Int’l
Trade No.: 512110 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
02/25/1987 Incorporated as SAMA ELECTRONICS
IND. CO., LTD. 11/1987 Awarded US$ 1 Million Export Top
Prize 03/1999 Designated as a Promising SME
Company 01/2000 Designated as a Venture Business 03/2000 Changed company name to the present
name 11/2000 Awarded US$ 10 Million Export Top
Prize 12/2001 Designated as a Foreign Direct
Investment Corporation 10/12/2004 Designated as a Venture Business again 03/29/2007 Increased the authorized shares
to 5,000,000 shares from 3,000,000 shares 05/29/2007 Designated as a Venture Business
again 06/20/2008 Increased capital to
5,425,000,000 KRW from 2,825,000,000 KRW |
|||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President
& CEO |
Mr. |
Kim Hyang-Kwon |
Male |
Korean |
03/17/2010 |
|
Director |
Mr. |
Kwon Dae-Hee |
Male |
Korean |
03/23/2002 |
|
Director |
Mr. |
Lee Chang-Woo |
Male |
Korean |
03/28/2011 |
|
Director |
Mr. |
Park Cahn-Soo |
Male |
Korean |
07/19/2011 |
|
Director |
Mr. |
Kim Joo-Won |
Male |
Korean |
03/28/2012 |
|
Auditor |
Mr. |
Lee Cheon-Keun |
Male |
Korean |
03/28/2012 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
60,896,484,138 |
54,860,971,666 |
-763,363,749 |
|
|
2010 |
62,050,449,904 |
57,629,885,243 |
105,182,560 |
|
2009 |
45,022,497,161 |
61,339,133,125 |
211,958,906 |
|
2008 |
57,371,833,162 |
61,750,113,596 |
-2,497,282,129 |
|
2007 |
42,612,789,559 |
46,355,001,453 |
1,333,011,891 |
|
2006 |
38,015,432,177 |
39,843,510,719 |
1,016,957,460 |
|
2005 |
31,586,097,169 |
36,146,859,270 |
2,026,510,198 |
|
2004 |
29,367,185,187 |
33,258,149,583 |
1,047,403,922 |
|
Authorized Capital(KRW) |
25,000,000,000 |
|
Paid-Up Capital(KRW) |
5,425,000,000 |
|
Total Issued Shares |
1,085,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of
12/31/2011 |
As of
12/31/2010 |
As of
12/31/2009 |
|
Total Assets |
54,860,971,666 |
57,629,885,243 |
61,339,133,125 |
|
Current Assets |
28,885,223,038 |
31,495,735,281 |
31,697,428,130 |
|
-Quick
Assets |
14,397,264,493 |
15,651,873,671 |
18,586,823,838 |
|
-Inventories |
14,487,958,545 |
15,843,861,610 |
13,110,604,292 |
|
Fixed
Assets |
25,975,748,628 |
26,134,149,962 |
29,641,704,995 |
|
-Investment |
831,279,916 |
1,021,935,573 |
4,718,946,718 |
|
-Tangibles |
23,788,573,461 |
24,071,284,340 |
24,215,570,885 |
|
-Intangibles |
36,800,000 |
119,261,062 |
201,722,121 |
|
-Others |
1,319,095,251 |
921,668,987 |
505,465,271 |
|
Total Liabilities |
30,432,009,543 |
32,470,102,410 |
32,341,898,931 |
|
Current Liabilities |
26,075,765,941 |
28,662,128,228 |
29,309,751,756 |
|
Fixed Liabilities |
4,356,243,602 |
3,807,974,182 |
3,032,147,175 |
|
Capital Stock |
5,425,000,000 |
5,425,000,000 |
5,425,000,000 |
|
Capital Surplus |
12,090,704,202 |
12,090,704,202 |
12,090,704,202 |
|
Profit Surplus |
5,882,612,167 |
6,645,975,916 |
11,481,529,992 |
|
Capital Adjustment |
1,030,645,754 |
998,102,715 |
0 |
|
Total Equity |
24,428,962,123 |
25,159,782,833 |
28,997,234,194 |
|
Liab. & Shareholder’s Equity |
54,860,971,666 |
57,629,885,243 |
61,339,133,125 |
|
Current Liabilities |
26,075,765,941 |
28,662,128,228 |
29,309,751,756 |
|
Trade
Payables |
2,999,308,354 |
3,544,571,380 |
3,678,170,576 |
|
Account
Payables |
1,111,235,790 |
1,181,883,138 |
3,190,028,766 |
|
Short-Term
Borrowings |
21,670,732,456 |
23,799,408,000 |
22,239,146,557 |
|
Current
Portion of Long-Term Debts |
85,611,360 |
9,720,240 |
8,856,600 |
|
Other
Current Liabilities |
118,913,454 |
126,545,470 |
143,487,857 |
|
Accrued
Income Tax |
- |
- |
50,061,400 |
|
Derivatives |
89,964,527 |
- |
- |
|
Fixed Liabilities |
4,356,243,602 |
3,807,974,182 |
3,032,147,175 |
|
Long-Term
Borrowings |
3,419,399,680 |
2,571,011,040 |
2,087,731,280 |
|
Provision
for Severance & Retirement |
1,065,233,559 |
1,523,886,165 |
1,291,080,526 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of
12/31/2011 |
As of
12/31/2010 |
As of
12/31/2009 |
|
Sales |
60,896,484,138 |
62,050,449,904 |
45,022,497,161 |
|
Cost of Sold Goods |
53,583,086,001 |
54,390,636,938 |
38,326,527,019 |
|
Gross Profit |
7,313,398,137 |
7,659,812,966 |
6,695,970,142 |
|
Selling & Admin. Expenses |
5,857,854,633 |
6,052,521,870 |
5,573,413,607 |
|
Operating Income |
1,455,543,504 |
1,607,291,096 |
1,122,556,535 |
|
Non-Operating Income |
2,227,612,024 |
2,390,358,052 |
2,965,148,581 |
|
Non-Operating Expenses |
4,610,245,049 |
3,946,420,105 |
5,036,312,716 |
|
Income Before Taxes |
-927,089,521 |
51,229,043 |
-948,607,600 |
|
Income Taxes Expenses |
-163,725,772 |
-53,953,517 |
-1,160,566,506 |
|
Net Income |
-763,363,749 |
105,182,560 |
211,958,906 |
Cash Flows
|
|||
|
Unit : Korean
Won |
As of
12/31/2011 |
As of
12/31/2010 |
As of 12/31/2009 |
|
Cash Flows from Operating |
6,121,783,818 |
1,083,515,051 |
8,289,139,707 |
|
-Net Income |
-763,363,749 |
105,182,560 |
211,958,906 |
|
-Exp. without Cash Outflow |
5,919,090,196 |
4,593,134,310 |
4,693,897,629 |
|
-Revenue without Cash Inflows |
-426,697,009 |
-232,899,529 |
-627,257,388 |
|
-Changes in Asset/ & Liability |
1,392,754,380 |
-3,381,902,290 |
4,010,540,560 |
|
Cash Flows from Investing |
-4,157,643,356 |
-3,260,489,819 |
-11,322,836,056 |
|
-Cash Inflow from Investing |
377,469,543 |
649,822,020 |
296,445,429 |
|
-Cash Outflows for Investing |
-4,535,112,899 |
-3,910,311,839 |
-11,619,281,485 |
|
Cash Flows from Financing |
-1,579,312,240 |
1,982,862,843 |
1,884,001,597 |
|
-Cash Inflows from Financing |
934,000,000 |
1,982,862,843 |
2,567,300,000 |
|
-Cash Outflows from Financing |
-2,513,312,240 |
- |
-683,298,403 |
|
Increase/Decrease in Cash |
384,828,222 |
-194,111,925 |
1,149,694,752 |
|
Cash at the Beginning of Year |
12,443,268 |
206,555,193 |
1,356,249,945 |
|
Cash at the End of Year |
397,271,490 |
12,443,268 |
206,555,193 |
|
Main Products & Services |
Lead Wire CP Wire AL Wire PB-Free Wire |
|
Competitors |
GAON CABLE
CO., LTD. 166,
GEUMJEONG-DONG, GUNPO-SI, GYEONGGI-DO, KOREA TEL:+82-31-459-6222 FAX:+82-31-454-1916 JS CABLE
CO., LTD. 569,
BOSEONG-RI, PUNGSE-MYEON, DONGNAM-GU, CHEONAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-559-4800 FAX:+82-41-566-7919 DAEWON CABLE
CO., LTD. 134-7,
OCHU-RI, GODEOK-MYEON, YESAN-GUN, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-339-3400 FAX:+82-41-339-3406~7 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
KISWIRE CO., LTD.(180111-0001220) HONGDUK STEELCORD CO., LTD.(174611-0015485) HONGDUK ENGINEERING CO., LTD.(181211-0011664) HONGDUK INDUSTRIAL CO., LTD.(174611-0007408) HONG DUCK FINE CORD LTD.(194311-0001048) HONGDUK STC CO., LTD.(191411-0002154) HONGDUK CABLE CO., LTD.(180111-0079219) SAMA JEONGONG CO., LTD.(CHINA) |
|
Subsidiary |
SM NEW MATERIALS CO., LTD.(131411-0157539) (100.0%
held by the subject company) |
|
Cooperative Enterprise |
-Insured Company DONGBU
INSURANCE CO., LTD.(110111-0095285) |
(Activity & Markets)
The Subject deals
with the companies in China, Taiwan, Indonesia, Japan, Malaysia and Singapore.
No.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
UK Pound |
1 |
Rs.87.43 |
|
Euro |
1 |
Rs.70.55 |
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.