|
Report No. : |
342385 |
|
Report Date : |
23.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAMLIP GFS CO., LTD. |
|
|
|
|
Registered Office : |
13,
Dunchon-daero 457beon-gil, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
09.07.2014 |
|
|
|
|
Com. Reg. No.: |
129-86-88941 |
|
|
|
|
Legal Form : |
Co., Ltd By Shares |
|
|
|
|
Line of Business : |
Distribution of Other Prepared Food |
|
|
|
|
No. of Employees : |
168 |
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 : |
Slow but correct |
|
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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
economic 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. A system of close government and business ties,
including directed credit and import restrictions, initially 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 7% 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 over 6% growth in
2010. The US-Korea Free Trade Agreement was ratified by both governments in
2011 and went into effect in March 2012. Between 2012 and 2014, the economy
experienced slow growth due to sluggish domestic consumption and investment.
The administration in 2015 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 the heavy reliance on exports, which comprise about half of
GDP. In an effort to address the long term challenges and sustain economic
growth, the current government has prioritized structural reforms,
deregulation, promotion of entrepreneurship and creative industries, and the
competitiveness of small and medium enterprises.
|
Source
: CIA |
|
Company Name |
SAMLIP GFS CO., LTD. (English Name : SAMLIP GLOBAL FOOD SERVICE
CO., LTD.) (Korean Company Name : “(주)삼립지에프에스”) |
|
Registered Address |
13,
Dunchon-daero 457beon-gil, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Building |
|
|
Zip Code |
13219 |
|
Tel |
+82-2-2276-5112 |
|
Fax |
+82-505-073-0032 |
|
E-mail |
2100066@spc.co.kr |
|
Website |
www.samlipgf.co.kr |
|
Trading Address |
13,
Dunchon-daero 457beon-gil, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea (Old Address System : 305, Sangdaewon-dong, Jungwon-gu, Seongnam-si, Gyeonggi-do, Korea) |
|
Tel |
+82-2-2276-5112 |
|
Fax |
+82-505-073-0032 |
|
Other Address |
2FL., 10-8, Jugyang-daero 2071beon-gil, Yangji-myeon,
Cheoin-gu, Yongin-si, Gyeonggi-do 17163 Korea (Old Address System : 2FL., 681-2,
Pyeongchang-ri, Yangji-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do 17163 Korea) |
|
Tel |
|
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Distribution of Other Prepared Food |
|
Main Business |
Providing Non-Commercial Food Service, Catering |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
07/09/2014 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Catering services(90101603) |
|
Sell |
Distribution(80141700) |
|
Sell |
Eating and drinking establishments(90101500) |
|
Sell |
Banquet and catering services(90101600) |
|
Name |
Hwang Jae-Bok |
|
Address |
Suite 719-102, 135, Sanun-ro, Bundang-gu, Seongnam-si,
Gyeonggi-do, Korea |
|
Date of Birth |
10/12/1961 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
3,000,000,000 |
|||||||||
|
Employees |
168 |
|||||||||
|
Formation |
Co., Ltd by Shares A Company of SPC GROUP |
|||||||||
|
Bank Details |
Shinhan Bank Woori Bank KEB Hana Bank |
|||||||||
|
Corporate Registered No. |
131111-0380946 |
|||||||||
|
Business Registered No. |
129-86-88941 |
|||||||||
|
Permit & Licenses |
Int’l Trade No.: 30753066 |
|||||||||
|
Shareholder Position |
|
|||||||||
|
Company History |
07/09/2014 Incorporated as the present name 07/2014 Acquired Purchasing Business from SPC CO.,
LTD.(110111-1480584) |
|||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Hwang Jae-Bok |
Male |
Korean |
07/09/2014 |
|
Director |
Mr. |
Cho Bong-Min |
Male |
Korean |
07/09/2014 |
|
Director |
Mr. |
Kim Deuk-Soo |
Male |
Korean |
07/09/2014 |
|
Auditor |
Mr. |
Lee Myung-Koo |
Male |
Korean |
03/31/2015 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2014 |
133,030,811,126 |
47,930,685,573 |
862,851,283 |
|
Authorized Capital(KRW) |
50,000,000,000 |
|
Paid-Up Capital(KRW) |
3,000,000,000 |
|
Total Issued Shares |
6,000,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
|
|
|
Total
Assets |
47,930,685,573 |
|
|
|
Current Assets |
44,411,991,062 |
|
|
|
Cash
& Cash Equivalents |
1,754,882,008 |
|
|
|
Trade
Receivables & Other Receivables |
21,705,105,692 |
|
|
|
Inventories |
20,822,667,435 |
|
|
|
Other
Current Assets |
129,335,927 |
|
|
|
Non-Current Assets |
3,518,694,511 |
|
|
|
Deferred
Income Tax Assets |
109,473,514 |
|
|
|
Tangibles |
1,642,930,292 |
|
|
|
Intangibles |
832,493,913 |
|
|
|
Other
Non-Current Financial Assets |
933,796,792 |
|
|
|
Total Liabilities |
30,675,208,901 |
|
|
|
Current Liabilities |
29,579,923,434 |
|
|
|
Trade
Payables & Other Payables |
19,113,873,203 |
|
|
|
Short-Term
Borrowings |
10,000,000,000 |
|
|
|
Deferred
Income Tax Credit |
160,924,291 |
|
|
|
Other
Current Financial Debts |
101,221,317 |
|
|
|
Other
Current Liabilities |
203,904,623 |
|
|
|
Non-Current Liabilities |
1,095,285,467 |
|
|
|
Confirmed
Salaries |
1,095,285,467 |
|
|
|
Capital Stock |
3,000,000,000 |
|
|
|
Capital
Surplus |
13,821,147,871 |
|
|
|
Profit
Surplus |
434,328,801 |
|
|
|
Total
Equity |
17,255,476,672 |
|
|
|
Liab.
& Shareholder’s Equity |
47,930,685,573 |
|
|
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
|
|
|
Sales |
133,030,811,126 |
|
|
|
Cost
of Sold Goods |
115,032,269,126 |
|
|
|
Gross
Profit |
17,998,542,000 |
|
|
|
Selling
Expenses |
16,324,408,726 |
|
|
|
Admin.
Expenses |
542,288,900 |
|
|
|
Operating
Income |
1,131,844,374 |
|
|
|
Finance
Income |
17,547,855 |
|
|
|
Finance
Expenses |
5,505,666 |
|
|
|
Other
Income |
174,930,119 |
|
|
|
Other
Expenses |
177,784,093 |
|
|
|
Other Profits |
4,328,286 |
|
|
|
Income
Before Taxes |
1,145,360,875 |
|
|
|
Income
Taxes Expenses |
282,509,592 |
|
|
|
Net
Income |
862,851,283 |
|
|
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
|
|
|
Operating Activities Cash Flows |
-8,234,986,499 |
|
|
|
Cash
Flows from Operating |
-8,247,103,538 |
|
|
|
Net
Income |
862,851,283 |
|
|
|
Adjustment |
956,965,131 |
|
|
|
Changes
in Asset/ & Liability |
-10,066,919,952 |
|
|
|
Interests
Received |
17,547,855 |
|
|
|
Interests
Paid |
-2,984,516 |
|
|
|
Income
Taxes |
-2,446,300 |
|
|
|
Cash Flows from Investing |
-3,012,536,239 |
|
|
|
Cash
Inflow from Investing |
- |
|
|
|
Cash
Outflows for Investing |
-3,012,536,239 |
|
|
|
Cash Flows from Financing |
10,000,000,000 |
|
|
|
Cash
Inflows from Financing |
10,000,000,000 |
|
|
|
Cash
Outflows from Financing |
- |
|
|
|
Increase/Decrease in Cash |
-1,247,522,738 |
|
|
|
Cash at the Beginning of Year |
3,000,000,000 |
|
|
|
Cash at the End of Year |
1,754,882,008 |
|
|
|
Main Products & Services |
Providing Non-Commercial Food Service, Catering |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
|
|
Competitors |
HUMAN FOODS INC. RM.A-811, TOWER DONG HUNGDUCK IT VALLEY,
13, HEUNGDEOK 1-RO, GIHEUNG-GU, YONGIN-SI, GYEONGGI-DO, KOREA TEL:+82-31-281-6085 FAX:+82-31-281-6087 SODEXO KOREA CO., LTD. RM. 401, URIM BLDG., 90-10, BANPO 4-DONG,
SEOCHO-GU, SEOUL, KOREA TEL:+82-2-594-2943 FAX:+82-2-594-2944 HYUP JIN L.F. CO., LTD. B-01, 947-12, DOGOK 1-DONG, GANGNAM-GU,
SEOUL, KOREA TEL:+82-2-571-6423 FAX:+82-2-573-6036 |
|
Affiliates |
HONAM SHANY CO., LTD.(200111-0007041) MILDAWON.CO., LTD(161211-0002295) SANDFARM CO., LTD.(131111-0206324) SUNGILCHEMICAL.CO., LTD.(150111-0002125) EGG FARM CO., LTD.(KOREA) PARIS CROISSANT CO., LTD.(110111-0508311) B.R. KOREA.CO., LTD.(131111-0005693) SAMLIP GENERAL FOODS CO., LTD.(110111-0090516) SPL CO., LTD.(131311-0033129) SPC CO., LTD.(110111-1480584) SPC CAPITAL CO., LTD.(110111-3632894) SANDSMILE CO., LTD.(135511-0198090) SPC NETWORKS CO., LTD.(110111-3586471) HOJIN JIRISAN BOCHEON CO., LTD.(180111-0203983) S&S DAIRY CO., LTD.(110111-4698267) DAEKWNRYUNG CO., LTD.(145011-0011563) ALPS FOOD CO., LTD.(164411-0001448) |
|
Subsidiary |
|
|
Corporate Ownership |
PARIS CROISSANT CO., LTD.(110111-0508311) SAMLIP GENERAL FOODS CO.,
LTD.(110111-0090516) |
|
Major Shareholders |
SAMLIP GENERAL FOODS CO.,
LTD.(110111-0090516) |
|
Cooperative Enterprise |
|
Not Available.
No.
-----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.63 |
|
|
1 |
Rs.101.73 |
|
Euro |
1 |
Rs.73.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.