|
Report Date : |
02.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
HANSSEM EFFEX CO., LTD. |
|
|
|
|
Registered Office : |
8B-35, Banwol Industrial Complex 742-3, Wonsi-dong, Danwon-gu,
Ansan-si, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
23.08.1978 |
|
|
|
|
Com. Reg. No.: |
134-81-03236 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Wooden Kitchen and Tableware |
|
|
|
|
No. of Employees : |
133 |
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company
Name |
HANSSEM EFFEX CO., LTD. (Korean Company Name : “(주)한샘이펙스”) |
|
Registered Address |
742-3, Wonsi-dong, Danwon-gu, Ansan-si, |
|
Building |
8B-35, Banwol Industrial Complex |
|
Zip Code |
425-851 |
|
Tel |
+82-31-489-0601~14 |
|
Fax |
+82-31-491-0165 |
|
E-mail |
hanssemtv@naver.com |
|
Website |
www.hanssemeffex.com |
|
Trading Address |
2nd Fl., Hansam Bldg., 757-1,
Bangbaebon-dong, Seocho-gu, |
|
Tel |
+82-2-6908-3921 |
|
Fax |
+82-2-591-7447 |
|
Other Address |
64-8, Samhap-ri, Gonjiam-eup, Gwangju-si, |
|
Tel |
+82-31-764-2733 |
|
Fax |
+82-31-764-1775 |
|
Type |
Import |
|
Industry |
Manufacture of Wooden Kitchen and Tableware |
|
Main Business |
Sink, Kitchen Furniture |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
08/23/1978 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Chests(56101516) |
|
Sell |
Furniture(56101500) |
|
Sell |
Home kitchens(30201606) |
|
Name |
Choi Yang-Ha |
|
Address |
|
|
Date of Birth |
10/07/1949 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
1,550,000,000 |
|||||||||||||||||||||
|
Employees |
133 |
|||||||||||||||||||||
|
Formation |
Co., Ltd by Shares |
|||||||||||||||||||||
|
Bank Details |
Shinhan Bank Industrial Bank of |
|||||||||||||||||||||
|
Corporate Registered No. |
130111-0006428 |
|||||||||||||||||||||
|
Business Registered No. |
134-81-03236 |
|||||||||||||||||||||
|
Permit & Licenses |
N/A |
|||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||
|
Company History |
08/23/1978 Incorporated as Hanssem Industry
Co., Ltd. 11/1981 Changed company name to Hansol Co.,
Ltd. 09/1984 Changed company name to Gasan Co.,
Ltd. 08/1986 Changed company name to My Kitchen
Co., Ltd. 01/03/1995 Changed company name to EFFEX
Co., Ltd. 10/30/2006 Changed company name to the
present name 10/30/2006 Moved to the present HQ address
from 664-4, Seonggok-dong, Danwon-gu, Ansan-si, |
|||||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Choi Yang-Ha |
Male |
Korean |
10/10/2008 |
|
Director |
Mr. |
Cho Chang-Gerl |
Male |
Korean |
12/24/2003 |
|
Director |
Mr. |
Lee Heung-Sub |
Male |
Korean |
12/24/2006 |
|
Director |
Mr. |
Cho Eun-Young |
Male |
Korean |
03/23/2010 |
|
Auditor |
Mr. |
Lee Young-Sik |
Male |
Korean |
12/24/2003 |
|
Supervisor |
Mr. |
Park Sang-Won |
Male |
Korean |
03/29/2001 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
56,421,592,068 |
33,668,438,607 |
2,796,459,476 |
|
|
2010 |
35,432,949,459 |
25,960,123,858 |
1,568,439,399 |
|
2009 |
30,568,112,466 |
25,085,728,471 |
3,199,521,009 |
|
Authorized Capital(KRW) |
5,000,000,000 |
|
Paid-Up Capital(KRW) |
1,550,000,000 |
|
Total Issued Shares |
310,000 |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
33,668,438,607 |
25,960,123,858 |
25,085,728,471 |
|
Current Assets |
19,279,700,249 |
13,329,975,372 |
12,962,282,947 |
|
-Quick Assets |
14,917,766,234 |
11,604,498,606 |
12,117,175,743 |
|
-Inventories |
4,361,934,015 |
1,725,476,766 |
845,107,204 |
|
Fixed Assets |
14,388,738,358 |
12,630,148,486 |
12,123,445,524 |
|
-Investment |
410,526,122 |
410,526,122 |
380,526,122 |
|
-Tangibles |
11,219,508,070 |
10,633,982,529 |
10,284,707,876 |
|
-Intangibles |
1,438,646,685 |
37,681,200 |
6,450,534 |
|
-Others |
1,320,057,481 |
1,547,958,635 |
1,451,760,992 |
|
Total Liabilities |
25,661,639,865 |
19,199,784,592 |
19,893,828,604 |
|
Current Liabilities |
24,218,564,002 |
18,546,358,388 |
19,370,276,040 |
|
Fixed Liabilities |
1,443,075,863 |
653,426,204 |
523,552,564 |
|
Capital Stock |
1,550,000,000 |
1,550,000,000 |
1,550,000,000 |
|
Capital Surplus |
6,103,849,764 |
3,694,468,564 |
3,694,468,564 |
|
Profit Surplus |
4,897,680,505 |
2,200,682,987 |
792,256,330 |
|
Capital Adjustment |
-4,544,731,527 |
-684,812,285 |
-844,825,027 |
|
Total Equity |
8,006,798,742 |
6,760,339,266 |
5,191,899,867 |
|
Liab. & Shareholder’s Equity |
33,668,438,607 |
25,960,123,858 |
25,085,728,471 |
|
Current
Liabilities |
24,218,564,002 |
18,546,358,388 |
19,370,276,040 |
|
Trade Payables |
14,693,954,160 |
10,130,712,527 |
8,624,527,943 |
|
Short-Term Borrowings |
5,325,010,000 |
5,317,760,000 |
7,102,750,000 |
|
Account Payables |
2,592,151,979 |
2,394,983,214 |
3,295,248,637 |
|
Accrued Income Tax |
537,192,137 |
198,452,410 |
- |
|
Advance Receipts |
701,635,111 |
103,046,348 |
28,016,622 |
|
Withholdings |
35,790,646 |
18,361,528 |
29,273,244 |
|
VAT Withhold |
19,963,121 |
134,042,361 |
138,859,594 |
|
Guarantee Deposit Withhold |
312,866,848 |
249,000,000 |
151,600,000 |
|
Fixed
Liabilities |
1,443,075,863 |
653,426,204 |
523,552,564 |
|
Provision for Severance & Retirement |
835,175,041 |
676,274,219 |
537,543,383 |
|
Leasehold Deposit Received |
137,800,000 |
115,700,000 |
143,000,000 |
|
Provisions for Warranty |
723,153,280 |
- |
- |
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
56,421,592,068 |
35,432,949,459 |
30,568,112,466 |
|
Cost of Sold Goods |
48,595,152,873 |
30,977,314,749 |
27,716,566,239 |
|
Gross Profit |
7,826,439,195 |
4,455,634,710 |
2,851,546,227 |
|
Selling & Admin. Expenses |
5,884,987,271 |
2,271,652,585 |
1,973,374,200 |
|
Operating Income |
1,941,451,924 |
2,183,982,125 |
878,172,027 |
|
Non-Operating Income |
3,002,451,567 |
1,561,511,930 |
4,203,249,953 |
|
Non-Operating Expenses |
1,323,503,422 |
1,545,389,935 |
1,635,931,136 |
|
Income Before Taxes |
3,620,400,069 |
2,200,104,120 |
3,445,490,844 |
|
Income Taxes Expenses |
823,940,593 |
631,664,721 |
245,969,835 |
|
Net Income |
2,796,459,476 |
1,568,439,399 |
3,199,521,009 |
|
Unit :
Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Cash Flows
from Operating |
1,813,170,626 |
-997,139,152 |
-7,531,889,421 |
|
-Net Income |
2,796,459,476 |
1,568,439,399 |
3,199,521,009 |
|
-Exp.
without Cash Outflow |
2,420,177,090 |
1,646,417,866 |
1,234,387,517 |
|
-Revenue
without Cash Inflows |
-2,404,820,532 |
-925,064,419 |
-3,340,611,494 |
|
-Changes in
Asset/ & Liability |
-998,645,408 |
-3,286,931,998 |
-8,625,186,453 |
|
Cash Flows
from Investing |
-250,633,618 |
3,152,938,496 |
4,621,820,015 |
|
-Cash Inflow
from Investing |
2,425,616,295 |
4,272,679,406 |
5,080,645,256 |
|
-Cash
Outflows for Investing |
-2,676,249,913 |
-1,119,740,910 |
-458,825,241 |
|
Cash Flows
from Financing |
-1,520,650,000 |
-1,814,450,000 |
2,057,229,240 |
|
-Cash
Inflows from Financing |
3,452,400,000 |
4,590,850,000 |
3,779,300,000 |
|
-Cash
Outflows from Financing |
-4,973,050,000 |
-6,405,300,000 |
-1,722,070,760 |
|
Increase/Decrease
in Cash |
41,887,008 |
341,349,344 |
-852,840,166 |
|
Cash at the Beginning
of Year |
477,154,113 |
135,804,769 |
988,644,935 |
|
Cash at the
End of Year |
519,041,121 |
477,154,113 |
135,804,769 |
|
Main Products & Services |
Sink, Kitchen Furniture Brand Name : VITTZ |
|
Competitors |
BORNEO INTERNATIONAL FURNITURE CO.,
LTD.(120111-0004599) 246-1, GOJAN-DONG, NAMDONG-GU, TEL:+82-32-420-8500 FAX:+82-32-420-8591 FURSYS INC(110111-0345630) FURSYS BLDG., 45-3, OGEUM-DONG, SONGPA-GU, TEL:+82-2-443-0066 FAX:+82-2-443-3812 KOAS WELL CO., LTD.(110111-0881642) 340-2, DANGSANDONG 6-GA, YEONGDEUNGPO-GU, TEL:+82-2-2163-6000 FAX:+82-2-2163-6161 ENEX CO.,LTD(110111-0192635) 1308-25, SEOCHO 4-DONG, SEOCHO-GU, TEL:+82-2-2185-2000 FAX:+82-2-2185-2293 |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
HANSSEM CO., LTD.(134111-0003595) HANSSEM SERVICEONE CO., LTD.( 110111-0964399) HANSSEM DOMUS CO., LTD.(110111-1761596) NEXUS CORPOTATION(110111-0900517) VITTZ CO., LTD.( HANSSEM CORPORATION BEIJING HANSSEM INTERIOR CO., LTD. |
|
Subsidiary |
HANSSEM INC. (88.16% held by the subject company) |
(Activity & Markets)
Not Available.
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.31 |
|
|
1 |
Rs.88.06 |
|
Euro |
1 |
Rs.70.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.