|
Report Date : |
04.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAMTEX CO., LTD. |
|
|
|
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Registered Office : |
Rm. 407, Nex-dong, SK Techno Park,190-1, Sangdaewon 1-dong,
Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea 462-807 |
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|
|
Country : |
South Korea |
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|
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Date of Incorporation : |
01.04.2011 |
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|
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Com. Reg. No.: |
129-86-59*** |
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|
|
|
Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Weaving of Man-Made Fiber Fabrics |
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|
|
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No. of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Undetermined |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 is currently the world's 12th largest economy.
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. Korea's export focused economy was
hit hard by the 2008 global economic downturn, but quickly rebounded in
subsequent years, reaching 6.3% growth in 2010. The US-South Korea Free Trade
Agreement was ratified by both governments in 2011 and went into effect in
March 2012. Throughout 2012 the economy experienced sluggish growth because of
market slowdowns in the United States, China, and the Eurozone. The incoming
administration in 2013, following the December 2012 presidential election, is
likely to face the challenges of balancing heavy reliance on exports with
developing domestic-oriented sectors, such as services. 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 |
SAMTEX CO., LTD. (Korean Company
Name : “(주)셈텍스”) |
|
Registered Address |
190-1, Sangdaewon 1-dong, Jungwon-gu,
Seongnam-si, Gyeonggi-do, Korea |
|
Building |
Rm. 407, Nex-dong, SK Techno Park |
|
Zip Code |
462-807 |
|
Tel |
+82-31-776-0931 |
|
Fax |
+82-31-776-0977 |
|
Trading Address |
Rm. 407, Nex-dong, SK Techno Park, 190-1, Sangdaewon
1-dong, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-776-0931 |
|
Fax |
+82-31-776-0977 |
|
Type |
Export/Import |
|
Industry |
Weaving of Man-Made Fiber Fabrics |
|
Main Business |
Nylon Fabrics, Polyester Fabrics |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
04/01/2011 |
Mr. Seo Seong-Kyun
owns the premises of registered HQ address.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Synthetic fabrics(11161800) |
|
Name |
Seo Seong-Kyun(Chester) |
|
Address |
230-1506, 96, Seohyeon-dong, Bundang-gu,
Seongnam-si, Gyeonggi-do, Korea |
|
Date of Birth |
07/05/1966 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
50,000,000 |
|
Employees |
5 |
|
Formation |
Co., Ltd by Shares |
|
Bank Details |
Korea Exchange Bank Industrial Bank of Korea-Yangjae Branch |
|
Corporate Registered No. |
131111-0279181 |
|
Business Registered No. |
129-86-59***( from 214-07-37478) (The full numbers are kept by the National Tax
Service confidentially.) Because the subject’s full Business
Registered No., for checking through the National Tax Service whether the
subject is still existing or not, is not available, so we cannot confirm if
the subject exist or not legally.) |
|
Permit & Licenses |
Int’l Trade No.: 45198728 |
|
Shareholder Position |
The owner has 100% shares. |
|
Company History |
05/01/2004 Established as the present name 11/2009 Awarded US$ 1 Million Export Top
Prize 04/01/2011 Incorporated as the present name |
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Seo Seong-Kyun(Chester) |
Male |
Korean |
04/01/2011 |
|
Director |
Mr. |
Kim Kyung-Ho |
Male |
Korean |
04/01/2011 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
|
|
|
|
|
2011 |
|
|
|
|
2010 |
|
|
|
|
2009 |
|
|
|
|
2008 |
2,000,000,000 |
|
|
|
2007 |
|
|
|
|
2006 |
|
|
|
|
2005 |
1,207,000,000 |
116,000,000 |
45,000,000 |
|
2004 |
|
|
|
The latest &
full financials are not available, and the Subject Company does not have any
obligations to release its financials to the public.
|
Authorized Capital(KRW) |
200,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000 |
|
Total Issues Shares |
10,000 |
|
Main Products & Services |
Nylon Fabrics, Polyester Fabrics |
|
Competitors |
DO BEST CO., LTD. 105-112, GONGDEOK-DONG, MAPO-GU, SEOUL,
KOREA TEL:+82-2-3271-3800 FAX:+82-2-3271-3899 DREAM SEEKERS INC. RM. 2410, MASTERS TOWER BLDG., 553,
DOHWA-DONG, MAPO-GU, SEOUL, KOREA TEL:+82-2-3275-5111~2 FAX:+82-2-3275-5113 HANWOO CORPORATION 4TH FL., 322-21, HAENGDANG 2-DONG,
SEONGDONG-GU, SEOUL, KOREA TEL:+82-2-2299-9100~8 FAX:+82-2-2299-9109 |
The Subject deals
with the companies in Italy and China.
Not Available.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.53.95 |
|
UK Pound |
1 |
Rs.83.80 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.