|
Report Date : |
26.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
SAMWON TEXTILE LTD. |
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|
|
|
Registered Office : |
550-12, Uadong 3-ga, Deokjin-gu, Jeonju-si, |
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Country : |
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|
|
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
28.12.2001 |
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Com. Reg. No.: |
402-81-43806 |
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|
|
Legal Form : |
Limited Liability Company |
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|
|
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Line of Business : |
Manufacturer of Underwear and Night Clothes |
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|
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No. of Employees : |
14 |
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 |
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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 |
SAMWON TEXTILE
LTD. (Korean Company
Name : “(유)삼원섬유”) |
|
Registered Address |
550-12, Uadong 3-ga, Deokjin-gu,
Jeonju-si, |
|
Zip Code |
561-823 |
|
Tel |
+82-63-245-1522 |
|
Fax |
+82-63-245-1523 |
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E-mail |
|
|
Website |
|
|
Trading Address |
550-12, Uadong 3-ga, Deokjin-gu,
Jeonju-si, |
|
Tel |
+82-63-245-1522 |
|
Fax |
+82-63-245-1523 |
|
Type |
Import |
|
Industry |
Manufacture of Underwear and Night Clothes |
|
Main Business |
Undergarment |
|
Established (mm/dd/yyyy) |
12/28/2001 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Undergarments(53102300) |
|
Sell |
Nightwear(53102600) |
|
Sell |
Underpants(53102303) |
|
Sell |
Body shaping garments(53102307) |
|
Sell |
Undershirts(53102301) |
|
Name |
Ahn Byung-Hyun |
|
Address |
Suite 120-1202, 416, Jinbuk-dong,
Deokjin-gu, Jeonju-si, |
|
Date of Birth |
09/27/1950 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
200,000,000 |
|
Employees |
14 |
|
Formation |
Limited Liability Company |
|
Bank Details |
Jeonbuk Bank-Ua Dong Branch |
|
Corporate Registered No. |
2101140-037553 |
|
Business Registered No. |
402-81-43806 |
|
Permit & Licenses |
N/A |
|
Shareholder Position |
N/A |
|
Company History |
12/28/2001 Incorporated as the present name |
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Ahn Byung-Hyun |
Male |
Korean |
12/28/2001 |
|
Director |
M/S. |
Lee Gong-Joo |
Female |
Korean |
12/28/2001 |
|
Director |
Mr. |
Jung Seok-Jong |
Male |
Korean |
11/19/2002 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
3,749,000,000 |
1,223,000,000 |
77,000,000 |
|
|
2010 |
4,033,000,000 |
1,045,000,000 |
82,000,000 |
|
2009 |
2,485,000,000 |
940,000,000 |
50,000,000 |
|
2008 |
2,385,000,000 |
828,000,000 |
26,000,000 |
|
2007 |
2,320,000,000 |
|
|
|
2006 |
2,550,000,000 |
|
|
|
2005 |
2,500,000,000 |
|
|
|
2004 |
2,100,000,000 |
|
|
|
2003 |
1,300,000,000 |
|
|
|
Authorized Capital(KRW) |
Not Applicable to Limited Liability Company |
|
Paid-Up Capital(KRW) |
200,000,000 |
|
Total Issued Shares |
Not Applicable to Limited Liability Company |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
1,223,000,000 |
1,045,000,000 |
940,000,000 |
|
Current Assets |
1,008,000,000 |
880,000,000 |
835,000,000 |
|
-Quick Assets |
- |
- |
- |
|
-Inventories |
- |
- |
- |
|
Fixed Assets |
215,000,000 |
165,000,000 |
105,000,000 |
|
-Investment |
- |
- |
- |
|
-Tangibles |
- |
- |
- |
|
-Intangibles |
- |
- |
- |
|
Total Liabilities |
809,000,000 |
708,000,000 |
685,000,000 |
|
Current Liabilities |
239,000,000 |
323,000,000 |
300,000,000 |
|
Fixed Liabilities |
570,000,000 |
385,000,000 |
385,000,000 |
|
Capital Stock |
200,000,000 |
200,000,000 |
200,000,000 |
|
Capital Surplus |
- |
- |
- |
|
Profit Surplus |
214,000,000 |
137,000,000 |
55,000,000 |
|
Capital Adjustment |
- |
- |
- |
|
Total Equity |
414,000,000 |
337,000,000 |
255,000,000 |
|
Liab. & Shareholder’s Equity |
1,223,000,000 |
1,045,000,000 |
940,000,000 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
3,749,000,000 |
4,033,000,000 |
2,485,000,000 |
|
Cost of Sold Goods |
3,210,000,000 |
3,398,000,000 |
2,050,000,000 |
|
Gross Profit |
539,000,000 |
635,000,000 |
435,000,000 |
|
Selling & Admin. Expenses |
444,000,000 |
536,000,000 |
380,000,000 |
|
Operating Income |
95,000,000 |
99,000,000 |
55,000,000 |
|
Non-Operating Income |
570,000,000 |
385,000,000 |
385,000,000 |
|
Non-Operating Expenses |
25,000,000 |
23,000,000 |
20,000,000 |
|
Income Before Taxes |
80,000,000 |
84,000,000 |
50,000,000 |
|
Income Taxes Expenses |
3,000,000 |
2,000,000 |
- |
|
Net Income |
77,000,000 |
82,000,000 |
50,000,000 |
|
Main Products & Services |
Undergarment |
|
Competitors |
BYC CO., LTD.(110111-0005995) 1104-1, DAERIM 2-DONG, YEONGDEUNGPO-GU, TEL:+82-2-840-3114 FAX:+82-2-840-3193 GOOD PEOPLE CO., LTD.(110111-0939326) 5TH FL., DAE-A BLDG., 165-5, DONGGYO-DONG,
MAPO-GU, TEL:+82-2-320-6600 FAX:+82-2-334-0137 SBW INC.(110111-3891169) 161-17, SAMSEONG 1-DONG, GANGNAM-GU, TEL:+82-2-3485-6000 FAX:+82-2-546-6862 |
(Activity & Markets)
The Subject imports
from
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.38 |
|
|
1 |
Rs.87.44 |
|
Euro |
1 |
Rs.68.05 |
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.