|
Report Date : |
15.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUPREMA INC |
|
|
|
|
Registered Office : |
6, Jeongja-dong, Bundang-gu, Seongnam-si,
Gyeonggi-do |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
05.04.2000 |
|
|
|
|
Com. Reg. No.: |
119-81-38018 |
|
|
|
|
Legal Form : |
Listed
Company |
|
|
|
|
Line of Business : |
Manufacture of Line Telecommunication
Apparatuses |
|
|
|
|
No of Employees : |
94 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 |
SUPREMA INC. (Korean Company Name : “(주)슈프리마”) |
|
Registered Address |
6, Jeongja-dong, Bundang-gu, Seongnam-si,
Gyeonggi-do, Korea |
|
Building |
Rm. 6, 16th Fl., Park View Office Tower |
|
Zip Code |
463-863 |
|
Tel |
+82-31-783-4505 |
|
Fax |
+82-31-783-4506 |
|
E-mail |
sales@supremainc.com |
|
Website |
www.supremainc.com |
|
Trading
Address |
248, Jeongjail-ro, Bundang-gu,
Seongnam-si, Gyeonggi-do, Korea (Old Address System : Rm. 6, 16th Fl., Park
View Office Tower, 6, Jeongja-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea) |
|
Tel |
+82-31-783-4505 |
|
Fax |
+82-31-783-4506 |
|
Other
Address |
|
|
Tel |
|
|
Fax |
|
|
Type |
Export |
|
Industry |
Manufacture of Line Telecommunication
Apparatuses |
|
Main Business |
Fingerprint Sensor, Fingerprint Module, Optical
Fingerprint Reader |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
05/04/2000 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Fingerprint
equipment(46151715) |
|
Sell |
Locks
and security hardware and accessories(46171500) |
|
Buy |
Resistors(32121600) |
|
Buy |
Indicating
and recording instruments(41111900) |
|
Buy |
Capacitors(32121500) |
|
Buy |
Flash
memory(32101622) |
|
Buy |
Glass
crystals(49101613) |
|
Buy |
Bare
printed circuit boards(32131010) |
CEO’s
|
Name |
Lee Jae-Won |
|
Address |
|
|
Date of Birth |
09/29/1968 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
7,364,000,000 |
||||||||||||||||||
|
Employees |
94 |
||||||||||||||||||
|
Formation |
Listed
Company (KOSDAQ : 094840) as of 07/11/2008 |
||||||||||||||||||
|
Bank Details |
Industrial Bank of Korea-Bundang Parkview
Branch |
||||||||||||||||||
|
Corporate Registered No. |
110111-1960437 |
||||||||||||||||||
|
Business Registered No. |
119-81-38018 |
||||||||||||||||||
|
Permit & Licenses |
01/2013 BioMini Plus STQC(India) Int’l
Trade No.: 45065097 |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
05/04/2000 Incorporated as the present name 09/2005 Moved to the prese3nt HQ address
from 13-21, Yangjae 1-dong, Seocho-gu, Seoul, Korea |
||||||||||||||||||
|
|
|
Management
|
Job
Description |
Title |
Name |
Nationality |
Date of
Birth |
Education |
|
President
& CEO |
Mr. |
Lee Jae-Won |
Korean |
1968.09.29 |
Seoul National University, Korea |
|
Vice
President |
Mr. |
Moon Young-Soo |
Korean |
1969.12.08 |
Seoul National University, Korea |
|
Vice
President |
Mr. |
Song Bong-Sub |
Korean |
1969.10.23 |
Seoul National University, Korea |
|
Auditor |
Mr. |
Kim Pyung-Soo |
Korean |
1972.02.05 |
Seoul National University, Korea |
|
Outside
Director |
Mr. |
Kwon Hyuck-Il |
Korean |
1968.01 |
- |
Financials
|
Year / Unit
: KRW |
Sales |
Assets |
Net Income |
|
(*)09/2013 |
35,254,343,178 |
132,408,283,082 |
11,331,256,451 |
|
(*)2012 |
51,910,637,476 |
121,017,531,687 |
15,364,042,642 |
|
(*)2011 |
41,692,157,751 |
107,114,164,366 |
6,180,460,517 |
|
2010 |
34,210,118,856 |
103,212,720,555 |
8,627,948,328 |
|
2009 |
28,722,235,860 |
94,049,131,456 |
10,170,135,697 |
|
2008 |
22,464,511,904 |
39,324,771,529 |
8,392,016,535 |
(*)Figures are based
on the K-IFRS Accounting System.
Financial Description
|
Authorized Capital(KRW) |
20,000,000,000 |
|
Paid-Up Capital(KRW) |
7,364,000,000 |
|
Total Issued Shares |
14,728,000 |
|
Unit : Korean Won |
01/01/2013~09/30/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Total Assets |
132,408,283,082 |
121,017,531,687 |
107,114,164,366 |
|
Current Assets |
91,015,953,869 |
83,903,025,689 |
77,851,418,736 |
|
Cash & Cash
Equivalents |
12,233,626,428 |
9,733,275,414 |
9,617,861,627 |
|
Current Financial
Instruments |
54,059,124,987 |
52,705,048,231 |
43,629,224,767 |
|
Trade Receivables
& Other Receivables |
8,113,208,671 |
6,811,189,339 |
10,429,694,922 |
|
Inventories |
15,430,180,592 |
13,462,501,035 |
12,687,961,814 |
|
Current Non-Financial
Instruments |
1,179,813,191 |
1,191,011,670 |
1,486,675,606 |
|
Non-Current Assets |
41,392,329,213 |
37,114,505,998 |
29,262,745,630 |
|
Non-Current Financial
Instruments |
13,886,323,384 |
13,226,751,689 |
6,808,283,923 |
|
Investment_Related
Companies |
7,929,995,762 |
7,929,995,762 |
7,929,995,762 |
|
Tangibles |
11,050,196,814 |
8,686,580,568 |
7,828,795,604 |
|
Intangibles |
8,251,932,618 |
7,168,140,387 |
6,487,142,760 |
|
Deferred Income Tax
Assets |
273,880,635 |
103,037,592 |
208,527,581 |
|
Total
Liabilities |
7,233,170,639 |
7,205,670,204 |
7,951,329,106 |
|
Current Liabilities |
7,050,495,639 |
6,914,515,204 |
7,515,454,106 |
|
Trade Payables &
Other Payables |
3,769,561,874 |
3,110,785,976 |
5,703,198,602 |
|
Short-Term Borrowings |
990,000,000 |
990,000,000 |
|
|
Current Portion of
Long-Term Debts |
144,640,000 |
144,720,000 |
990,000,000 |
|
Accrued Income Tax |
898,707,019 |
1,936,265,425 |
232,766,164 |
|
Current Portion of
Provisions |
196,905,140 |
134,148,547 |
111,395,947 |
|
Other Current
Liabilities |
1,050,681,606 |
598,595,256 |
478,093,393 |
|
Non-Current Liabilities |
182,675,000 |
291,155,000 |
435,875,000 |
|
Long-Term Trade
Payables & Other Payables |
1,875,000 |
1,875,000 |
1,875,000 |
|
Long-Term Borrowings |
180,800,000 |
289,280,000 |
434,000,000 |
|
Capital Stock |
7,364,000,000 |
7,364,000,000 |
7,364,000,000 |
|
Capital Surplus |
53,228,544,457 |
53,228,544,457 |
53,228,544,457 |
|
Profit Surplus |
64,547,768,041 |
53,216,511,590 |
38,559,925,848 |
|
Others |
34,799,945 |
2,805,436 |
10,364,955 |
|
Total Equity |
125,175,112,443 |
113,811,861,483 |
99,162,835,260 |
|
Liab. &
Shareholder’s Equity |
132,408,283,082 |
121,017,531,687 |
107,114,164,366 |
|
Unit : Korean Won |
01/01/2013~09/30/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Sales |
35,254,343,178 |
51,910,637,476 |
41,692,157,751 |
|
Cost of Sold Goods |
17,057,826,975 |
27,172,485,703 |
22,723,668,747 |
|
Gross Profit |
18,196,516,203 |
24,738,151,773 |
18,968,489,004 |
|
Selling & Admin.
Expenses |
6,625,539,592 |
8,498,844,401 |
13,340,655,336 |
|
Operating Income |
11,570,976,611 |
16,239,307,372 |
5,627,833,668 |
|
Other Income |
495,746,110 |
158,010,805 |
296,282,808 |
|
Other Expenses |
482,920,378 |
526,263,901 |
1,487,110,740 |
|
Finance Income |
2,652,720,919 |
3,202,467,166 |
3,172,327,210 |
|
Finance Expenses |
1,461,515,621 |
1,120,111,831 |
649,479,235 |
|
Income Before Taxes |
12,775,007,641 |
17,953,409,611 |
6,959,853,711 |
|
Income Taxes Expenses |
1,443,751,190 |
2,589,366,969 |
779,393,194 |
|
Net Income |
11,331,256,451 |
15,364,042,642 |
6,180,460,517 |
|
Unit : Korean Won |
01/01/2013~09/30/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Operating
Activities Cash Flows |
10,859,219,649 |
20,448,392,843 |
3,775,648,841 |
|
Net Income |
11,331,256,451 |
15,364,042,642 |
6,180,460,517 |
|
Adjustment |
2,702,003,072 |
2,400,101,242 |
2,470,671,792 |
|
Changes in Asset/ & Liability |
-2,383,220,711 |
1,041,316,497 |
-5,789,849,144 |
|
Interests Received |
1,909,275,448 |
2,475,534,543 |
2,388,833,945 |
|
Dividends Received |
0 |
7,685,598 |
6,885,400 |
|
Interests Paid |
-38,917,880 |
-62,042,132 |
-63,283,333 |
|
Income Taxes |
-2,661,176,731 |
-778,245,547 |
-1,418,070,336 |
|
Cash Flows from Investing |
-8,154,806,085 |
-19,513,313,923 |
-4,850,385,608 |
|
Cash Flows from Financing |
-108,560,000 |
-707,456,900 |
-1,682,047,127 |
|
Increase/Decrease in Cash |
2,500,351,014 |
115,413,787 |
-2,645,004,077 |
|
Cash at the Beginning of Year |
9,733,275,414 |
9,617,861,627 |
12,262,865,704 |
|
Cash at the End of Year |
12,233,626,428 |
9,733,275,414 |
9,617,861,627 |
Products,
Technologies, Services Description
|
Main Products & Services |
Fingerprint Sensor, Fingerprint Module,
Optical Fingerprint Reader |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
Trade Partners
& Competitors
|
Suppliers |
|
|
Customers |
VIASYSTEMS(CHINA) SAMSUNG
ELECTRONICS CO,. LTD.(130111-0006246) |
|
Competitors |
|
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
|
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
SUPREMA BV CO., LTD.(110111-1941966) (62.88% held by the subject company) SUPREMA INVESTMENT CO., LTD.(110111-4351972) (100.00% held by the subject company) |
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
|
Sales by Region (Activity & Markets)
|
Sales/ Unit
:Thousand KRW |
09/2013 |
2012 |
2011 |
|
Export |
25,218,187 |
37,726,721 |
29,720,385 |
|
Domestic |
10,036,156 |
14,183,916 |
11,971,773 |
|
Total |
35,254,343 |
51,910,637 |
41,692,158 |
Not Available.
Court Action
No.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.52 |
|
|
1 |
Rs. 101.47 |
|
Euro |
1 |
Rs. 84.11 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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 |
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.