MIRA INFORM REPORT

 

 

Report Date :

26.05.2012

 

IDENTIFICATION DETAILS

 

Name :

SAM-E HOLDINGS CO., LTD.

 

 

Formerly Known As :

SE & H CO., LTD.

 

 

Registered Office :

92-4, Cheongdam-dong, Gangnam-gu, Seoul, Korea, 6th Fl., Sam-E Bldg., Zip Code 135-517

 

 

Country :

South Korea

 

 

Date of Incorporation :

28.04.1981

 

 

Com. Reg. No.:

120-81-14296

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Detached and Tenement Building Construction

 

 

No. of Employees :

10

 

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 :

Unknown

 

 

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

 

Company Name

SAM-E HOLDINGS CO., LTD.

(Korean Company Name : “삼이홀딩스(주)”)

Registered Address

92-4, Cheongdam-dong, Gangnam-gu, Seoul, Korea

Building

6th Fl., Sam-E Bldg.

Zip Code

135-517

Tel

+82-2-514-3131

Fax

+82-2-517-2812

E-mail

webmaster@sam-e.co.kr

Website

 www.sam-e.co.kr

Trading Address

6th Fl., Sam-E Bldg., 92-4, Cheongdam-dong, Gangnam-gu, Seoul, Korea

(New Address System : 435, Dosan-daero, Gangnam-gu, Seoul, Korea)

Tel

+82-2-514-3131

Fax

+82-2-517-2812

Other Address-Daegu Branch

253-1, Suseong-dong 3-ga, Suseong-gu, Daegu, Korea

Other Address-Bundang Branch

89, Seohyeon-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

Other Address-Cheonan Branch

3-27, Yangdang-ri, Jiksan-eup, Seobuk-gu, Cheonan-si, Chungcheongnam-do, Korea

Type

Import

Industry

Detached and Tenement Building Construction

  Main Business

Furniture, Accessories, Lighting, Shoes, Hosing Construction Services, Tour Services

  Sub Business

Wholesale of Other Construction Materials n.e.c.

Established (mm/dd/yyyy)

04/28/1981

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Dressers or armoires(56101509)

Sell

Sofas(56101502)

Sell

Smart cards(32101617)

Sell

Mirrors(31241700)

Sell

Storage cabinets(56101530)

 

 

CEO’s

 

Name

Moon June-Sik

Address

Suite 622-802, 508, Nohae-ro, Gangbuk-gu, Seoul, Korea

Date of Birth

01/17/1961

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

2,470,000,000

Employees

10

Formation

Co., Ltd by Shares

Bank Details

Shinhan Bank

Corporate Registered No.

110111-0295041

Business Registered No.

120-81-14296

Permit & Licenses

N/A

Shareholder Position

Name

Shares

%

KIM SEOK-HEE

366,106

74.11

JUNG HEE-YOUNG

97,504

19.74

KIM HYUN-WOO

11,406

2.31

KIM HYE-YEON

9,492

1.92

KIM HYE-JUNG

9,492

1.92

TOTAL

494,000

100.00

Company History

04/28/1981 Incorporated as SAM-E SILUP CO., LTD.

08/30/2001 Increased the authorized shares to 1,000,000 shares from 360,000 shares

09/18/2001 Increased capital to 2,470,000,000 KRW from 2,170,000,000 KRW

03/08/2007 Changed company name to SE & H CO., LTD.

04/02/2007 Changed company name to the present name

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Moon June-Sik

Male

Korean

02/23/2007

Director

Mr.

Kim Seok-Hee

Male

Korean

03/31/2012

Director

Mr.

Kim Sung-Tae

Male

Korean

03/31/2012

Auditor

M/S.

Jung Hee-Young

Female

Korean

03/31/2012

Supervisor

Mr.

Seo Jung-Hak

Male

Korean

12/15/2005

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2011

 

 

 

2010

 

 

 

2009

 

 

 

2008

 

 

 

2007

4,834,123,896

6,318,945,026

182,201,433

2006

4,286,373,204

7,607,406,671

503,760,798

2005

2,981,000,000

　

　

2004

3,000,000,000

　

　

2003

2,500,000,000

　

　

The latest & 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)

5,000,000,000

Paid-Up Capital(KRW)

2,470,000,000

Total Issued Shares

494,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Furniture, Accessories, Lighting, Shoes, Hosing Construction Services, Tour Services

 

 

Trade Partners & Competitors

 

Competitors

SONGJUNG CONSTRUCTION CO., LTD.

325-8, JINBUK-DONG, DEOKJIN-GU, JEONJU-SI, JEOLLABUK-DO, KOREA

TEL:+82-63-275-5206  FAX:+82-63-273-3388

 

HWALRIM CONSTRUCTION CO., LTD.

559-20, WONSEONG 2-DONG, DONGNAM-GU, CHEONAN-SI, CHUNGCHEONGNAM-DO, KOREA

TEL:+82-41-561-4984  FAX:+82-41-552-9991

 

IJIN CONSTRUCTION CO., LTD.

5TH FL., SUYONG BLDG., 450-13, SUYEONG-DONG, SUYEONG-GU, BUSAN, KOREA

TEL:+82-51-757-2566  FAX:+82-51-757-2570

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

SE&B CO., LTD.(110111-2598766)

 

Sales by Region

(Activity & Markets)

 

The Subject imports from Italy, Malaysia, Netherlands and Spain.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.73

UK Pound

1

Rs.87.26

Euro

1

Rs.69.84

 

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%)

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.