MIRA INFORM REPORT

 

 

Report No. :

307262

Report Date :

12.02.2015

 

IDENTIFICATION DETAILS

 

Name :

SAMSUNG FINE CHEMICALS CO., LTD.

 

 

Registered Office :

19, Yeocheon-Ro 217 Beon-Gil, Nam-Gu, Ulsan 680-090

 

 

Country :

South Korea

 

 

Financials (as on) :

30.09.2014

 

 

Date of Incorporation :

27.08.1964

 

 

Com. Reg. No.:

610-81-00029

 

 

Legal Form :

Listed Company

 

 

Line of Business :

Manufacture of Nitrogenous, Phosphatic and Potassic Fertilizers.

 

 

No. of Employees :

881

 

 

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 :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exist

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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. South 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. South 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-Korea Free Trade Agreement was ratified by both governments in 2011 and went into effect in March 2012. Throughout 2012 and 2013 the economy experienced sluggish growth because of market slowdowns in the United States, China, and the Eurozone. The administration in 2014 is likely to face the challenge 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, dominance of large conglomerates (chaebols), and heavy reliance on exports, which comprise about half of GDP.

 

Source : CIA

 


Basic Information

 

Company Name

SAMSUNG FINE CHEMICALS CO., LTD.

Registered Address

19, Yeocheon-ro 217beon-gil, Nam-gu, Ulsan, Korea

(Old Address System : 190, Yeocheon-dong, Nam-gu, Ulsan, Korea (P.O.BOX 3-Ulsan))

Building

 

Zip Code

680-090

Tel

+82-52-270-6114

Fax

+82-52-272-7925

E-mail

bj2000@samsung.co.kr

Website

www.sfc.samsung.co.kr

Trading Address

130, Samsung-ro, Yeongtong-gu, Suwon-si, Gyeonggi-do, Korea

(Old Address System : 560, Maetan 3-dong, Yeongtong-gu, Suwon-si, Gyeonggi-do, Korea)

Tel

+82-31-8061-3100

Fax

+82-31-8061-3141

Other Address-Incheon Factory

129-4L, Namdong Industrial Complex, 696-3, Gojan-dong, Namdong-gu, Incheon, Korea

Tel

+82-32-816-5981

Fax

+82-32-816-4501

Type

Export

Industry

Manufacture of Nitrogenous, Phosphatic and Potassic Fertilizers

  Main Business

Urea, Melamine, Caustic Soda, Mecellose, DMF, ECH, PTAC, RTP

  Sub Business

Manufacture of Other Basic Inorganic Chemicals

Established (mm/dd/yyyy)

08/27/1964

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Pigment paints(31211503)

Sell

Organic derivatives and substituted compounds(12352100)

Sell

Organic acids or its substitutes(12352106)

Sell

Amides or imides(12352111)

Sell

Amines or imines or its substitutes(12352116)

Sell

Detergent surfactants(12161902)

Sell

Epichlorohydrin ECO(13101714)

Sell

Melamine MF(13101905)

Sell

Inorganic metal salts(12352302)

Sell

Biochemicals(12352200)

Sell

Terpenoids(12352212)

Sell

Inorganic compounds(12352300)

Sell

Inorganic acids(12352301)

Sell

Inorganic metal salts(12352302)

Sell

Chemicals including Bio Chemicals and Gas Materials(12000000)

Sell

Natural antineoplastic products(51111900)

Sell

Ammonia(12142103)

 

CEO’s

 

Name

Sung In-Hee

Address

 

Date of Birth

01/03/1957

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

129,000,000,000

Employees

881

Formation

Listed Company (Korea Stock Exchange : 004000) as of 04/15/1976

A Company of Samsung Business Group

Bank Details

Woori Bank-Ulsan Branch

Kookmin Bank

Hana Bank

Korea Exchange Bank

Corporate Registered No.

181211-0000013

Business Registered No.

610-81-00029

Permit & Licenses

11/30/1996 ISO 9002

12/17/1997 ISO 14001

06/2002 KT (PTAC)

09/2002 KT (Any Coat, HGB)

10/2006 ISO 9001(All Factories)

10/2006 ISO 14001

12/2007 UL Mark (LCP KB40BM, M)

08/2008 UL Mark (LCP KC2015BLM,LM, KC173BM, M)

10/2008 ISO 9001:2000(All Factories)

09/2010 ISO 9001:2008

11/2011 ISO 9001:2008

11/2011 ISO 14001

10/2012 ISO9001:2011

 

Int’l Trade No.: 673059

Shareholder Position

Name

Shares

%

SAMSUNG SDI CO., LTD.(110111-0394174)

3,779,951

14.65

KOREA INVESTMENT TRUST MANAGEMENT CO., LTD.(110111-2006983)

2,940,031

11.40

SAMSUNG ELECTRONICS CO., LTD.(130111-0006246)

2,164,970

8.39

NATIONAL PENSION SERVICE(110171-0007134)

1,333,303

5.17

SAMSUNG C&T CORPORATION(110111-0002975)

1,441,982

5.59

HOTEL SHILLA CO., LTD.(110111-0145519)

577,376

2.24

OTHERS

13,562,387

52.57

TOTAL

25,800,000

100.00

Company History

08/27/1964 Incorporated as FERTILIZER CO., LTD.

03/18/1992 Changed company name to KOREA FERTILIZER & CHEMICALS CO., LTD.

10/26/1994 Changed company name to the present name

 

 

 

 

Management

 

Job Description

Title

Name

Nationality

Date of Birth

Education

President & CEO

Mr.

Sung In-Hee

Korean

1957.01.03

Kyunghee University, Korea

Vice President

Mr.

Lee Hee-In

Korean

1958.02.05

Chungnam University, Korea

Executive Director

Mr.

Shin Jung-Sik

Korean

1964.01.

Ulsan University, Korea

Outside Director

Mr.

Byun Dong-Gerl

Korean

1948.12.08

Seoul National University, Korea

Outside Director

Mr.

Lee Kyu-Cheol

Korean

1947.11.21.

Yonsei University, Korea

Auditor

Mr.

Choi Byung-Hoon

Korean

1953.12.13

Seoul National University, Korea

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

(*)09/2014

895,837,323,574

1,874,781,662,489

21,484,677,505

(*)2013

1,313,929,674,666

1,906,316,257,146

7,036,854,844

(*)2012

1,430,857,079,272

1,613,366,205,314

81,303,562,729

(*)2011

1,333,619,886,349

1,399,557,926,786

73,798,524,048

(*)2010

1,130,032,299,281

1,281,012,685,341

81,627,915,129

2009

1,038,396,078,452

1,025,139,330,933

86,673,424,830

2008

1,130,888,958,199

943,975,516,435

85,289,292,590

2007

829,349,707,184

847,464,265,524

40,081,155,099

2006

745,864,059,285

825,239,208,633

32,153,261,107

2005

791,040,210,653

838,896,173,776

50,282,439,244

2004

 794,420,388,059

774,319,773,220

 46,973,418,591

(*) Figures are based on the K-IFRS Accounting System.

 

 

Financial Description

 

Authorized Capital(KRW)

250,000,000,000

Paid-Up Capital(KRW)

129,000,000,000

Total Issued Shares

25,800,000

 

Balance Sheet

Unit : Korean Won

01/01/2014~09/30/2014

As of 12/31/2013

As of 12/31/2012

Total Assets

1,874,781,662,489

1,906,316,257,146

1,613,366,205,314

Current Assets

503,071,410,339

502,790,960,169

503,426,576,111

Cash & Cash Equivalents

124,687,497,358

84,724,877,634

42,572,408,048

Held-to-Maturity Financial Assets

41,560,000

161,625,000

5,735,000

Derivatives

354,031,583

31,573,454

 

Trade Receivables & Other Receivables

199,132,265,310

212,195,819,010

239,804,911,686

Other Current Assets

8,289,548,879

9,011,292,466

11,889,053,118

Inventories

170,566,507,209

196,665,772,605

209,154,468,259

Non-Current Assets

1,371,710,252,150

1,403,525,296,977

1,109,939,629,203

Non-Current Financial Instruments

31,108,168

33,108,168

33,902,644

Held-to-Maturity Financial Assets

226,620,000

254,505,000

402,040,000

Marketable Financial Instruments

380,494,279,686

234,682,935,377

255,148,665,494

Investment_Subsidiaries

36,658,816,000

19,756,980,000

19,756,980,000

Investment_Related Companies

28,991,436,030

181,530,394,708

118,030,394,708

Tangibles

888,370,976,699

923,131,497,778

671,129,664,216

Intangibles

33,658,667,818

39,128,260,562

39,762,215,640

Other Non-Current Assets

3,278,347,749

5,007,615,384

5,675,766,501

Total Liabilities

692,814,052,212

771,119,740,990

455,010,055,723

Current Liabilities

193,669,871,460

200,350,094,516

224,692,821,194

Trade Payables & Other Payables

147,640,479,740

174,446,165,985

187,976,284,528

Short-Term Borrowings

11,898,612,473

8,817,478,875

10,716,580,871

Current Portion of Long-Term Debts

12,000,000,000

 

 

Derivatives

 

74,188,041

57,792,203

Accrued Income Tax

3,951,242,985

738,604,978

10,364,748,028

Other Current Liabilities

18,179,536,262

16,273,656,637

15,577,415,564

Non-Current Liabilities

499,144,180,752

570,769,646,474

230,317,234,529

Long-Term Borrowings

108,000,000,000

183,406,000,000

32,267,000,000

Debentures

299,231,478,220

299,074,180,381

99,615,365,288

Provision for Severance & Retirement

41,747,984,752

45,001,346,542

39,275,578,530

Deferred Income Tax Credit

43,663,429,360

38,528,002,725

48,263,715,812

Other Non-Current Liabilities

6,501,288,420

4,760,116,826

10,895,574,899

Capital Stock

129,000,000,000

129,000,000,000

129,000,000,000

Capital Surplus

331,097,108,828

331,103,236,104

331,103,236,104

Others

-9,363,720,533

-8,937,233,372

-8,937,233,372

Installments

143,864,459,275

108,227,413,626

123,740,437,055

Profit Surplus

587,369,762,707

575,803,099,798

583,449,709,804

Total Equity

1,181,967,610,277

1,135,196,516,156

1,158,356,149,591

Liab. & Shareholder’s Equity

1,874,781,662,489

1,906,316,257,146

1,613,366,205,314

 

Income Statement

Unit : Korean Won

01/01/2014~09/30/2014

As of 12/31/2013

As of 12/31/2012

Sales

895,837,323,574

1,313,929,674,666

1,430,857,079,272

Cost of Sold Goods

813,500,247,240

1,204,421,517,102

1,264,486,799,816

Gross Profit

82,337,076,334

109,508,157,564

166,370,279,456

Selling & Admin. Expenses

83,157,072,169

100,957,794,980

79,274,986,423

Logistics

24,748,297,515

26,589,795,062

28,840,152,841

Operating Income

-25,568,293,350

-18,039,432,478

58,255,140,192

Other Income

80,142,183,336

42,984,568,976

48,565,360,547

Other Expenses

22,808,381,734

18,005,664,011

17,589,302,996

Finance Income

1,799,421,736

2,876,791,234

3,852,681,548

Finance Expenses

13,682,561,560

6,964,398,181

99,653,718

Income Before Taxes

19,882,368,428

2,851,865,540

92,984,225,573

Income Taxes Expenses

-1,602,309,077

-4,184,989,304

11,680,662,844

Net Income

21,484,677,505

7,036,854,844

81,303,562,729

 

Cash Flows

Unit : Korean Won

01/01/2014~09/30/2014

As of 12/31/2013

As of 12/31/2012

Operating Activities Cash Flows

49,560,232,125

71,406,011,806

48,056,317,328

Cash Flows from Operating

52,317,309,423

77,071,088,144

39,059,797,751

Interests Received

1,488,038,944

1,701,550,332

3,496,597,485

Interests Paid

-13,749,743,740

-3,801,915,962

-1,115,337,510

Dividends Received

10,661,197,919

7,256,837,500

18,982,257,376

Income Taxes

-1,156,570,421

-10,821,548,208

-12,366,997,774

Cash Flows from Investing

58,558,463,703

-361,312,540,363

-241,712,639,972

Cash Flows from Financing

-68,156,076,104

332,058,998,143

108,549,334,260

Increase/Decrease in Cash

39,962,619,724

42,152,469,586

-85,106,988,384

Cash at the Beginning of Year

84,724,877,634

42,572,408,048

127,679,396,432

Cash at the End of Year

124,687,497,358

84,724,877,634

42,572,408,048

 

 

Products, Technologies, Services Description

 

Main Products & Services

-Electronic Chemical Materials

Electronic chemical materials have contributed to increasing sales and profits with the expansion of capacity and the extension of installations for TMAC, a raw material for semiconductor development and BTP, a core dielectric material used in MLCC.

Barium Titanate Powder

Tetramethylammonium chloride

 

-Fine Chemicals

As a core business sector of SFC, the fine chemicals area manufactures high value-added products, competitive both in local and overseas markets, such as Mecellose (cement additives), DMF (raw material for synthetic leader), ECH (raw material for epoxy resin), and DMAC (raw material for spandex). These products are used in a wide range of industries such as electrical machinery·electronics, construction and textiles.

N,N-Dimethylacetamide

N,N-Dimethylformamide

Epichlorohydrin

Mecellose

Dimethylamine

3-Chloro-2-hydroxypropyltrimethylammonium chloride

Monomethylamine

Trimethylamine

Trimethylamine-HCl

AnyCoat-C

AnyCoat-P

 

-General Chemicals

Starting with the manufacture of ammonia and urea fertilizer in 1967, SFC has continually introduced a plurality of the qualified materials such as ultra-pure carbon dioxide, hydrogen and carbonic acid gas products as well as melamine, and this has led it to take more than 50% of the Korean chemicals market. During the 1990's, SFC firmly established its foundation in fine chemicals and life science areas through the use of medium products and finished products in basic chemicals.

Methaclean

Ammonia, anhydrous

Ammonium hydroxide

Caustic soda

Carbon tetrachloride

Chloroform

Formic acid

Hydrochloric acid

Methyl chloride

Methylene chloride

Methanol

Melamine

Methyl formate

Sodium hypochlorite

Urea for industrial

Urea for agricultural

 

 

Trade Partners & Competitors

 

Suppliers

SK ENERGY CO., LTD.(110111-3710385)

Customers

NATIONAL AGRICULTURAL COOPERATIVE FEDERATION (NACF)

Competitors

NAMHAE CHEMICAL CORPORATION (110111-0164717)

HUCHEMSFINECHEMICALCORPORATION(110111-2611906)

HANHWA CORPORATION (110111-0002959)

DOW CHEMICAL

BASF

 

Related Parties (Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates-Domestic

SAMSUNG C&T CORPORATION

1321-20, SEOCHO 2-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-2145-2114  FAX:+82-2-2145-3114

INDUSTRY: WHOLESALE OF NON-SPECIALIZED GOODS

 

SAMSUNG FINE CHEMICALS CO., LTD.

190, YEOCHEON-DONG, NAM-GU, ULSAN, KOREA

TEL:+82-52-270-6114 FAX:+82-52-272-7925

INDUSTRY: MANUFACTURE OF NITROGENOUS, PHOSPHATIC AND POTASSIC FERTILIZERS

 

SAMSUNG ELECTRO-MECHANICS CO., LTD.

314, MAETAN 3-DONG, YEONGTONG-GU, SUWON, KYONGGI-DO 443-743 KOREA

TEL:+82-31-210-5114  FAX:+82-31-210-5087

INDUSTRY: MANUFACTURE OF COMPUTER OUTPUT/INPUT UNITS AND PERIPHERAL EQUIPMENT

 

SAMSUNG SDI CO., LTD.

575, SIN-DONG, YEONGTONG-GU, SUWON, KYONGGI-DO 443-731 KOREA

TEL:+82-31-210-7114  FAX:+82-31-210-7161

INDUSTRY: MANUFACTURE OF ELECTRONIC VALVES AND TUBES

 

SAMSUNG TECHWIN CO., LTD.

28, SEONGJU-DONG, CHANGWON, GYEONGNAM-DO 641-120 KOREA

TEL:+82-55-260-2114  FAX:+82-55-260-2230

INDUSTRY: MANUFACTURE OF ENGINES FOR AIRCRAFT

 

SEOUL COMMTECH CO., LTD.

448-11, SEONGNAE 3-DONG, GANGDONG-GU, SEOUL 134-847 KOREA

TEL:+82-2-2225-6550  FAX:+82-2-2225-6080

INDUSTRY: MANUFACTURE OF COMMUNICATION APPARATUSES WITHOUT ANY LINE CONNECTION AND RADIO OR TELEVISION BROADCASTING APPARATUSES

 

SAMSUNG ECONOMIC RESEARCH INSTITUTE

8FL., KUKJE CENTER BLDG., 191, HANGANGNO 2-GA, YONGSAN-GU, SEOUL 140-702 KOREA

TEL:+82-2-3780-8000  FAX:+82-2-3780-8005

INDUSTRY: RESEARCH AND EXPERIMENTAL DEVELOPMENT ON ECONOMICS

 

SAMSUNG SDS CO., LTD.

ILOK BLDG., 707-19, YEOKSAM 2-DONG, GANGNAM-GU, SEOUL 135-918 KOREA

TEL:+82-2-3429-2174  FAX:+82-2-3429-2100

INDUSTRY: COMPUTER SYSTEM DESIGN AND CONSULTANCY

 

SAMSUNG NETWORKS INC.

8 FL., ASEM TOWER, 159-1, SAMSEONG 1-DONG, GANGNAM-GU, SEOUL 135-798 KOREA

TEL:+82-2-2192-3114  FAX:+82-2-3415-6801

INDUSTRY: OTHER SOFTWARE CONSULTANCY AND SUPPLY

Affiliates-Domestic

SAMSUNG CORNING CO., LTD.

472, SIN-DONG, YEONGTONG-GU, SUWON, KYONGGI 443-732 KOREA

TEL:+82-31-219-7114  FAX:+82-31-219-7010

INDUSTRY: MANUFACTURE OF LABORATORY AND OTHER INDUSTRIAL GLASSWARE

 

SAMSUNG LIONS CO., LTD.

6, GOSEONG 3-GA, BUK-GU, DAEGU 702-073 KORE

TEL:+82-53-859-3155  FAX:+82-53-859-3118

INDUSTRY: SPORTS TEAMS AND CLUBS

 

MEMC KOREA COMPANY

27, OMOK-RI, SEONGGEO-EUP, CHEONAN-SI, CHUNGNAM-DO 330-831 KOREA

TEL:+82-41-550-4114  FAX:+82-41-550-4498

INDUSTRY: MANUFACTURE OF DIODES, TRANSISTORS AND SIMILAR SEMI-CONDUCTOR DEVICES

 

SAMSUNG CORNING PRECISION GLASS CO., LTD.

644-1, JINPYEONG-DONG, GUMI, GYEONGBUK-DO 730-360 KOREA

TEL:+82-54-470-4114  FAX:+82-54-470-4381

INDUSTRY: MANUFACTURE OF LABORATORY AND OTHER INDUSTRIAL GLASSWARE

 

SAMSUNG HEAVY INDUSTRIES CO., LTD.

KIPS, 647-9, YEOKSAM-DONG, GANGNAM-GU, SEOUL 135-080 KOREA

TEL:+82-2-3458-7000  FAX:+82-2-3458-7100

INDUSTRY: BUILDING OF STEEL SHIPS

 

HOTEL SHILLA LTD.

202, JANGCHUNGDONG 2-GA, JUNG-GU, SEOUL 100-856 KOREA

TEL:+82-2-2230-3226  FAX:+82-2-2230-3795

INDUSTRY: HOTELS

 

CHEIL COMMUNICATIONS INC.

736-1, HANNAM-DONG, YONGSAN-GU, SEOUL 140-210 KOREA

TEL:+82-2-3780-2114  FAX:+82-2-3780-2462

INDUSTRY: MEDIA ADVERTISING AGENCIES

 

SAMSUNG PETROCHEMICAL CO., LTD.

500, BUGOK-DONG, NAM-GU, ULSAN 680-110 KOREA

TEL:+82-52-278-6000  FAX:+82-52-273-9971

INDUSTRY: MANUFACTURE OF BASIC ORGANIC PETROCHEMICALS

 

NOVITA CO., LTD.

SAN 22, JAEUNGA-RI, JIKSAN-EUP, CHEONAN, CHUNGNAM-DO 330-815 KOREA

TEL:+82-41-580-7728  FAX:+82-41-583-4320

INDUSTRY: MANUFACTURE OF OTHER DOMESTIC ELECTRIC APPLIANCES

 

SAMSUNG GWANGJU ELECTRONICS CO., LTD.

271, OSEON-DONG, GWANGSAN-GU, GWANGJU 506-253 KOREA

TEL:+82-62-950-6114  FAX:+82-62-950-6710

INDUSTRY: MANUFACTURE OF OTHER DOMESTIC ELECTRIC APPLIANCES

Affiliates-Domestic

SAMSUNG CARD CO., LTD.

2ND FL., EUNSEOK BLDG. WEST., 1-7, YEONJI-DONG, JONGNO-GU, SEOUL 110-754 KOREA

TEL:+82-2-2172-8819  FAX:+82-2-2172-8023

INDUSTRY: CREDIT CARD AND INSTALLMENT FINANCE COMPANIES

 

STECO LTD.

588, MYEONGHAK-RI, DONG-MYEON, YEONGI-GUN, CHUNGNAM-DO 339-863 KOREA

TEL:+82-41-861-1823  FAX:+82-41-861-1896

INDUSTRY: MANUFACTURE OF DIODES, TRANSISTORS AND SIMILAR SEMI-CONDUCTOR DEVICES

 

DNS KOREA CO., LTD.

623-5 EOPSEONG-DONG CHEONAN-SI CHUNGNAM-DO 330-290 KOREA

TEL:+82-41-620-8000

 

SECRON CO., LTD.

ADDRESS (330-200) 4-4, CHAAM-DONG, CHEONAN-SI, CHUNGNAM-DO 330-200 KOREA

TEL:+82-41-620-5050  FAX:+82-41-620-5069

INDUSTRY: MANUFACTURE OF SEMICONDUCTOR- MAKING MACHINERY

 

SAMSUNG ELECTRONICS SERVICE CO., LTD.

SAMSUNG ELECTRONICS CS ACADEMY, 327, WONCHEON-DONG, YEONGTONG-GU, SUWON, KYONGGI 443-822 KOREA

TEL:+82-31-270-2611  FAX:+82-31-270-2644

INDUSTRY: REPAIR SERVICES OF ELECTRICAL HOUSEHOLD MACHINERY AND APPLIANCES

 

SAMSUNG THALES CO., LTD.

259, GONGDAN-DONG, GUMI, GYEONGBUK-DO 730-030 KOREA

TEL:+82-54-460-8511  FAX:+82-54-460-8529

INDUSTRY: MANUFACTURE OF OTHER ELECTRONIC VALVES, TUBES AND ELECTRONIC COMPONENTS N.E.C.

 

LIVING PLAZA CO., LTD.

261-1, SEOHYEON-DONG, BUNDANG-GU, SEONGNAM, KYONGGI 463-824 KOREA

TEL:+82-2-3460-6770  FAX:+82-2-3460-6775

INDUSTRY: WHOLESALE OF HOUSEHOLD ELECTRIC APPLIANCES

 

BLUE-TEK CO., LTD.

416, MAETAN 3-DONG, YEONGTONG-GU, SUWON, KYONGGI 443-803 KOREA

TEL:+82-31-200-4140  FAX:+82-31-200-4112

INDUSTRY: WHOLESALE OF HOUSEHOLD ELECTRIC APPLIANCES

 

SAMSUNG ELECTRONICS LOGITECH CO., LTD.

401, SIN-DONG, YEONGTONG-GU, SUWON, KYONGGI 443-390 KOREA

TEL:+82-31-200-1800  FAX:+82-31-200-1822

INDUSTRY: ALL OTHER SUPPORTING TRANSPORT SERVICES N.E.C.

 

SAMSUNG ELECTRONICS FOOTBALL CLUB CO., LTD.(135811-0160126)

(*) As of 12/31/2008, this company has been included of an affiliated company of Samsung Electronics Co., Ltd.

Affiliates-Overseas

SAMSUNG JAPAN CO., LTD.

SAMSUNG AMERICA INC.

SAMSUNG FINANCE CORPORATION.

SAMSUNG MEXICO ENGINEERING & CONSTRUCTION

CANADA TRADE GROUP INC.

FISHROUND, INC.

ZIREX CORPORATION INC.

SAMSUNG TEXAS CONSTRUCTION INC.

SAMSUNG OIL & GAS USA CORP

SAMSUNG DEUTSCHLAND GMBH

SAMSUNG (U.K) LTD.

SAMSUNG TRADING PLC.

XIOD DISTRIBUTION

SAMSUNG FRANCE S.A.S.

SAMSUNG ENGINEERING & CONSTRUCTION (M) SDN.BHD.

SAMSUNG MALAYSIA SDN. BHD.

ERDSAM CO., LTD.

SAMSUNG PETROLEUM SINGAPORE LTD.

P.T. SAMSUNG DEVELOPMENT

SAMSUNG DEVELOPMENT (THAILAND) CO., LTD.

SAMSUNG THAILAND CO., LTD.

CHEIL HOLDING INC.

SAMSUNG CONST. CO. PHILS.,INC.

SAMSUNG DESIGN PHILIPPINES INC

SAMSUNG (AUSTRALIA) PTY., LTD.

SAMSUNG OIL & GAS(TIMOR SEA 06-102) LTD.

SAMSUNG (HONGKONG) LTD.

S.S. TAIWAN CO., LTD.

SAMSUNG E&C (SHANGHAI) CO.,LTD.

DONGGUAN SAMSUNG STEEL CENTER CO., LTD.

SAMSUNG NIGERIA CO., LTD.

SAMSUNG ASIA PRIVATE LTD.

SAMSUNG SDI AMERICA, INC.

SAMSUNG SDI (MALAYSIA) SDN. BHD.

SAMSUNG SDI (HONG KONG) LTD.

SAMSUNG SDI BRASIL LTDA.

ASSOCIATED WOOL EXPORTERS PTY., LTD.

ESAMSUNG JAPAN CORPORATION.

SAMSUNG FINANCE CORPORATION.

SAMSUNG PACIFIC CONSTRUCTION INC.

MEADOWLAND DISTRIBUTION

SAMSUNG WEBTRADE.COM INC.

ZIREX CORPORATION INC.

WEB2ZONE., INC.

Affiliates-Overseas

SAMSUNG FOODS AUSTRALIA PTY. LTD.

SAMSUNG ITALIA S.A.R.L.

S.C. OTELINOX S.A

XIOD DISTRIBUTION

JSC RUSTONA

SS KUKDONG JASATERA J/V

SETIS CO., LTD

SAMSUNG CONST. CO. PHILS.,INC.

SAMSUNG THAILAND CO., LTD.

KARSON INDUSTRIAL CO., LTD.

ENTERPRISE CO., LTD.

SAMSUNG (CHINA) LOGISTICS LTD.

SAMSUNG CORPORATION (GAUNGZHOU) LIMITED.

DONGGUAN SAMSUNG STEEL CENTER CO., LTD.

SINO-SAMSUNG LOGISTICS CO., LTD

SAMSUNG YOKOHAMA RESEARCH INSTITUTE

SAMSUNG ELECTRONICS AMERICA INC.

SAMSUNG ELECTRONICS CANADA INC.

SAMSUNG ELECTRONICS MEXICO S.A. DE C.V.

SAMSUNG ELECTRONICS (UK) LTD.

SAMSUNG ELECTRONICS LTD.

SAMSUNG ELECTRONICS HOLDING GMBH

SAMSUNG ELECTRONICS IBERIA, S.A.

SAMSUNG ELECTRONICS FRANCE S.A.S

SAMSUNG ELECTRONICS HUNGARIAN RT.

SAMSUNG ELECTRONICS ITALIA S.P.A.

SAMSUNG ELECTRONICS EUROPE LOGISTICS B.V.

SAMSUNG ELECTRONICS BENELUX B.V.

SAMSUNG ELECTRONICS OVERSEAS B.V.

SAMSUNG ELECTRONICS POLSKA, SP.ZO.O

SAMSUNG ELECTRONICS PORTUGUESA S.A.

SAMSUNG ELECTRONICS NORDIC AKTIEBOLAG

SAMSUNG ELECTRONICS AUSTRIA GMBH

SAMSUNG ELECTRONICS SLOVAKIA S.R.O

SAMSUNG ELECTRONICS DISPLAY (M) SDN.OMD.(HSD)

SAMSUNG ELECTRONICS MALAYSIA SDN.BHD.

SAMSUNG VINA ELECTRONICS CO., LTD.

SAMSUNG ASIA PRIVATE LTD.

SAMSUNG INDIA ELECTRONICS PRIVATE. LTD

SAMSUNG INDIA SOFTWARE OPERATIONS PVT. LTD.

SAMSUNG TELECOMMUNICATIONS INDIA

SAMSUNG ELECTRONICS AUSTRALIA PTY. LTD.

SAMSUNG ELECTRO-MECHANICS  INDONESIA, PT

THAI-SAMSUNG ELECTRONICS CO. LTD.

SAMSUNG ELECTRONIC PHILIPPINE MANUFACTURING CORP.

SAMSUNG MALAYSIA ELECTRONICS (SME) SDN. BHD.

SAMSUNG ELECTRONICS ASIA HOLDING PTE LTD

SAMSUNG ELECTRONICS HONG KONG CO., LTD.

SOUZHOU SAMSUNG ELECTRONICS CO., LTD

SAMSUNG (CHINA) INVESTMENT CO., LTD

Affiliates-Overseas

SAMSUNG ELECTRONICS SOUZHOU SEMICONDUCTOR CO., LTD.

SAMSUNG ELECTRONICS DIGITAL PRINTING

SAMSUNG ELECTRONICS HUIZHOU CO., LTD.

TIANJIN SAMSUNG ELECTRONICS CO., LTD.

SAMSUNG ELECTRONICS TAIWAN CO., LTD.

TIANJIN SAMSUNG ELECTRONICS DISPLAY CO., LTD.

TIANJIN SAMSUNG TELECOM TECHNOLOGY CO., LTD.

SHANGHAI SAMSUNG SEMICONDUCTOR CO., LTD.

SAMSUNG ELECTRONICS SUZHOU COMPUTER CO.,LCD

SAMSUNG ELECTRONICS SUZHOU LCD CO.,LCD

SHENZHEN SAMSUNG KEJIAN MOBILE TELECOM. TECH. CO., LTD.

SAMSUNG SEMICONDUCTOR CHINA R&D.,LTD.

SAMSUNG ELECTRONICS HAINAN FIBEROPTICS CO., LTD

HANGZHOU SAMSUNG EASTCOM NETWORK TECHNOLOGY CO., LTD.

SAMSUNG GULF ELECTRONICS CO., LTD.

SAMSUNG ELECTRONICS SOUTH AFRICA (PTY) LTD.

SAMSUNG ELECTRONICS LATIN AMERICA PANAMA (ZONA LIBRE) S.A.

SAMSUNG ELECTRONICA DA AMAZONIA LTDA.

SAMSUNG ELECTRONICS ARGENTINA S.A.

SAMSUNG ELECTRONICS CHILE LIMITADA(LTDA)

SAMSUNG-CROSNA JOINT STOCK COMPANY

SAMSUNG ELECTRONICS RUS CO.

SAMSUNG RUSSIA SERVICE CENTER

SAMSUNG SDI BRASIL LTDA.

SEMES AMERICA,INC.(FORMER, KDNSA)

Affiliates-Overseas

SCOMMTECH JAPAN CO.LTD

SAMSUNG TELECOMMUNICATIONS AUSTRALIA PTY LTD.

SAMSUNG ELECTRONICS HUIZHOU CO., LTD.

SAMSUNG RECEIVABLES CORPORATION

SAMSUNG SEMICONDUCTOR INC.

SAMSUNG INFORMATION SYSTEMS AMERICA INC.

SAMSUNG INTERNATIONAL INC.

SAMSUNG TELECOMMUNICATIONS AMERICA LIMITED LIABILITY COMPANY

SAMSUNG AUSTIN SEMICONDUCTOR LLC.

SAMSUNG RECEIVABLES CORPORATION

SAMSUNG SEMICONDUCTOR INTERNATIONAL.INC.

SAMSUNG SEMICONDUCTOR MEXICO, S.A.DE C.V.

TASMAN PROPERTIES, INC.

SAMSUNG AUSTIN SEMICONDUCTOR LLC.

SAMSUNG MEXICANA S.A. DE C.V.

SAMSUNG ELECTRONICS MANUFACTURING (U.K.) LTD.

SAMSUNG TELECOMS (UK) LTD.

SAMSUNG SEMICONDUCTOR EUROPE LIMITED

SAMSUNG SEMICONDUCTOR EUROPE GMBH

SAMSUNG ELECTRONICS GMBH

SAMSUNG SEMICONDUCTOR FRANCE S.A.R.L

SAMSUNG SEMICONDUCTOR ITALIA S.R.L

SAMSUNG SEMICONDUCTOR SWEDEN AB

SAMSUNG ELECTRONICS SLOVAKIA S.R.O

SAMSUNG TELECOMMUNICATIONS BENELUX

SAMSUNG ELECTRONICS RUS

SAMSUNG ELECTRONICS UKRAINE

SAMSUNG ELECTRONICS KAZAKHSTAN

TIANJIN SAMSUNG ELECTRONICS DISPLAY CO., LTD.

SAMSUNG ELECTRONICS DISPLAY (M) SDN.OMD.(HSD)

SAMSUNG ELECTRONICS PHILIPPINES CORPORATION (FORMER, SMC)

SAMSUNG SDI (MALAYSIA) SDN. BHD.

SAMSUNG ELECTRO-MECHANICS THAILAND CO., LTD.

ESAMSUNG ASIA (HOLDINGS) PTE LTD.

ESAMSUNG GREATER CHINA CO., LTD.

P.T. SAMSUNG TELECOMMUNICATIONS INDONESIA

BATINO REALTY CORP.

Overseas Office

SHANGHAI OFFICE

RM1515,SHANGHAI INTERNATIONAL TRADE CENTER, NO.2201,WEST YAN'AN ROAD SHANGHAI P.R. CHINA 200336

TEL : 86-21-6270-3936  FAX : 86-21-6270-3933

 

JAPAN

SINAGAWA GRAND CENTAL TOWER 9F, 2-16-4, KONAN, MINATO-KU, TOKYO, JAPAN

TEL : 81 - 3 - 6234 - 2480  FAX : 81 - 3 - 6234 – 2255

 

GERMANY

AM KRONBERGER HANG 6, D-65824 SCHWALBACH/TS. GERMANY

TEL : 49 - 6196 - 66 - 6102   FAX : 49 - 6196 - 66 - 6109

Liaison Office

 

Overseas Branch

 

Joint Venture

 

Subsidiary

S-ENPOL CO., LTD.(141211-0054555)

SAMSUNG FINE CHEMICALS(SHNAGHAI) CO., LTD.(CHINA)

STM CO., LTD.(230111-0176840)

SAMSUNG FINE CHEMICALS EUROPE GMBH(GERMANY)

Corporate Ownership

 

Major Shareholders

 

Cooperative Enterprise

-Insured Company

SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078)

 

 

Sales by Region (Activity & Markets)

 

Sales/ Unit :Mil KRW

03/2012

2011

2010

Export

146,808

556,628

508,065

Domestic

210,936

776,992

622,579

Total

357,744

1,333,620

1,130,644

The Subject exports to Asia, North America and Europe.

 

 

Court Action

 

Case No.

Court

Plaintiff(s)/ Creditor(s)/ Applicant(s)

Defendant(s)/ Debtor(s)/ Respondent(s)

Cause

Amount (KRW)

Status

 

Seoul Central District Court

Yu Duck-Sang & Others(28,832)

13 Companies including the subject company

Claim for Compensation from Damages

865,000,000

Proceeding

 

Seoul Central District Court

Park Jung-Koo & Others(18,130)

13 Companies including the subject company

Claim for Compensation from Damages

544,000,000

Proceeding

 

Supreme Court of Korea

The Subject Company

Fair Trade Commission

Cancellation on Imposed Penalty

4,814,000,000

Proceeding

 

At 09/1999, all Samsung Affiliated companies have signed the agreement on the settlement of Samsung Motor Co., Ltd with the creditors of Samsung Motor Co., Ltd. As of 12/29/2005, regarding this agreement, the creditors of Samsung Motor Co., Ltd had filed on this case against the Group Chairman, Lee Gun-Hee, and other Samsung Affiliated companies including the Subject Company.

 

01/31/2008: In the 1st round, the Subject & Other Samsung’s Affiliated Companies have been ordered to pay 1,633,800,000,000 KRW and also at the rate of 6.0% as the its interest since 01/01/2001.

 

01/11/2011: the Subject & Other Samsung’s Affiliated Companies are reached a verdict to pay 620,400,000,000 KRW, but they are applied for 3rd round at Supreme Court, Korea.

 

 

News Clipping

 

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FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.15

UK Pound

1

Rs.94.72

Euro

1

Rs.70.33

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

NIT

 

               

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.