MIRA
INFORM REPORT
|
Report Date : |
25.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
DOOSAN CORPORATION |
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Registered Office : |
31st Fl., |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
12/18/1933 |
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Legal Form : |
Listed Company |
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Line of Business : |
Manufacture of Blended and Distilled Sojoo. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Basic
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Company
Name |
DOOSAN CORPORATION |
|
Registered Address |
18-12, Euljiro 6-ga, Jung-gu, |
|
Building |
31st Fl., |
|
Zip Code |
100-730 |
|
Tel |
+82-2-3398-1121 |
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Fax |
+82-2-3398-1135 |
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E-mail |
guide@doosan.com |
|
Website |
www.doosancorp.co.kr |
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Trading Address |
31st Fl., Doosan Tower Bldg., 18-12,
Euljiro 6-ga, Jung-gu, |
|
Tel |
+82-2-3398-1121 |
|
Fax |
+82-2-3398-1135 |
|
Int’l Trading BG |
105-7, Nonhyeon-dong, Gangnam-gu, |
|
Tel |
+82-2-510-4700 |
|
Fax |
+82-2-510-4901 |
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Electro-Materials BG |
1349, Daegwang-dong, Kimcheon-si, |
|
Tel |
+82-54-420-8114 |
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Fax |
+82-54-420-8116 |
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Electro-Materials BG |
2nd Fl., Yeonkang Bldg., 270, Yeonji-dong, Jongno-gu, |
|
Tel |
+82-2-3670-8813 |
|
Fax |
+82-2-3670-8909 |
|
Publication BG |
14-34, Yeouido-dong, Yeongdeungpo-gu, |
|
Tel |
+82-2-2167-0001 |
|
Fax |
+82-2-2167-0660 |
|
|
39-3, Sungbok-dong, Suji-gu, Yongin-si, |
|
Tel |
+82-31-260-1081 |
|
Fax |
+82-31-260-1170 |
|
Gunsan Factory (Liquor BG) |
176-1 SORYONG-DONG GUNSAN-SI JEONBUK-DO
573-400 |
|
Tel |
+82-63-469-8000 |
|
Gangneung Factory (Liquor BG) |
81 HOESAN-DONG GANGNEUNG-SI GANGWON-DO
210-170 |
|
Tel |
+82-33-640-0300 |
|
Gyeongsan Factory (Liquor BG) |
277 Pyeongsa-Ri Jillyang-Eup Gyeongsan-Si
GYEONGBUK-DO 712-834 |
|
Tel |
+82-53-859-7001 |
|
Fax |
+82-53-859-7006 |
|
Singal Factory (Trading BG) |
244 SINGAL-RI GIHEUNG-EUP YONGIN-SI
GYEONGGI-DO 449-907 |
|
Tel |
+82-31-283-4151 |
|
Fax |
+82-31-281-2999 |
|
Gumi Factory (Electro-materials BG) |
644 GUPO-DONG GUMI-SI GYEONGBUK-DO 730-400 |
|
Tel |
+82-54-475-0400 |
|
Gimcheon Factory (Electro-materials BG) |
1349 DAEGWANG-DONG GIMCHEON-SI GYEONGBUK-DO
740-170 |
|
Tel |
+82-54-420-8114 |
|
Fax |
+82-54-420-8116 |
|
Jeungpyeong Factory (Electro-materials BG) |
661 YONGGANG-RI JEUNGPYEONG-EUP JEUNGPYEONG-GUN
CHUNGBUK-DO 368-903 |
|
Tel |
+82-43-820-8200 |
|
Iksan 1 Factory (Electro-materials BG) |
889 PALBONG-DONG IKSAN-SI JEONBUK-DO
570-300 |
|
Tel |
+82-63-830-8300 |
|
Iksan 2 Factory (Electro-materials BG) |
602 YONGJE-DONG IKSAN-SI JEONBUK-DO 570-350
|
|
Tel |
+82-63-830-6300 |
|
Ansan Factory (Electro-materials BG) |
643-2 Seonggok-Dong DANWON-KU ANSAN-SI
GYEONGGI-DO 425-110 |
|
Tel |
+82-31-493-9491 |
|
Gunpo Factory (Techpack BG) |
150-1 DANG-DONG GUNPO-SI GYEONGGI-DO
435-010 |
|
Tel |
+82-31-452-4131 |
|
Fax |
+82-31-453-7200 |
|
Sihwa Factory (Techpack BG) |
3-RA-402 1286-1 JEONGWANG-DONG SIHEUNG-SI
GYEONGGI-DO |
|
Tel |
+82-31-499-4923 |
|
Eumseong Factory (Techpack BG) |
529-3 Daepung-Ri Daeso-Myeon Eumseong-Gun
Chungbuk-Do 369-821 |
|
Tel |
+82-43-535-6276 |
|
Fax |
+82-43-535-6279 |
|
Icheon Factory (Techpack BG) |
8-1 SADONG-RI DAEWOL-MYEON ICHEON-SI
GYEONGGI-DO 467-854 |
|
Gunsan Factory (Techpack BG) |
255 SORYONG-DONG GUNSAN-SI JEONBUK-DO
573-400 |
|
Tel |
+82-63-460-2114 |
|
Hanam Factory (Techpack BG) |
738-4 ANCHEONG-DONG GWANGSAN-KU GWANGJU
506-258 |
|
Tel |
+82-62-951-5311 |
|
Fax |
+82-62-951-5310 |
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Ansan Factory (Publishing BG) |
475-1 MOKNAE-Dong DANWON-KU ANSAN-SI
GYEONGGI-DO 425-100 |
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Tel |
+82-31-492-3500 |
|
Fax |
+82-31-492-2438 |
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Bucheon Factory (Foods BG) |
15-6 Samjeong-Dong Ojeong-Ku BUCHEON-SI
GYEONGGI-DO 421-150 |
|
Hoengseong Factory (Foods BG) |
43-2 Mukgye-Ri Hoengseong-Eup
Hoengseong-Gun Gangwon-Do 225-802 |
|
Tel |
+82-33-343-0045 |
|
Fax |
+82-33-343-0049 |
|
Gwangju Factory (Foods BG) |
685-2 ILGOK-DONG BUK-KU GWANGJU 500-160 |
|
Tel |
+82-62-572-6394 |
|
Geochang Factory (Foods BG) |
1400 Seokgang-Ri Gajo-Myeon Geochang-Gun
Gyeongnam-Do 670-911 |
|
Tel |
+82-55-940-4106 |
|
Fax |
+82-55-942-4029 |
|
Iksan Factory (Foods BG) |
603 YONGJE-DONG IKSAN-SI JEONBUK-DO 570-350
|
|
Tel |
+82-63-831-8836 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Blended and Distilled Sojoo |
|
Main Business |
Clothing, Beer, Liquor |
|
Established (mm/dd/yyyy) |
12/18/1933 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
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Sell |
Prepared and preserved foods(50190000) |
|
Sell |
Publishing(82121800) |
|
Sell |
Lease and rental of property or building(80131500) |
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Sell |
Clothing(53100000) |
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Sell |
Plant hormones(10171502) |
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Sell |
Software(43230000) |
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Sell |
Application service providers(81112106) |
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Sell |
Software or hardware engineering(81111500) |
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Sell |
Distribution(80141700) |
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Sell |
Plastic bottles(24122002) |
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Sell |
ERP or database applications programming services(81111507) |
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Sell |
Spices or extracts(50171550) |
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Sell |
Eating and drinking establishments(90101500) |
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Sell |
International trade services(80151600) |
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Sell |
Commercial and Military and Private Vehicles and their Accessories and
Components(25000000) |
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Sell |
Cosmetics(53131619) |
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Sell |
Cooking or table salt(50171551) |
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Sell |
Domestic Appliances and Supplies and Consumer Electronic
Products(52000000) |
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Sell |
Vehicle parking services(78180303) |
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Sell |
Vehicle maintenance and repair services(78180100) |
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Sell |
Other adhesives and sealants(31201600) |
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Sell |
Pasture and range services(70121900) |
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Sell |
Printing(82121500) |
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Sell |
Electronic component parts and raw materials and accessories(32131000) |
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Sell |
Pickles(50171901) |
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Sell |
Spirits or liquors(50202206) |
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Sell |
Data center services(81112003) |
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Sell |
Wine(50202203) |
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Sell |
Alcohol cocktails or drink mixes(50202207) |
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Sell |
Fast food establishments(90101503) |
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Sell |
Dipping sauces or condiments or spreads or marinades(50171830) |
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Sell |
Cereal grains(50221101) |
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Sell |
Road cargo transport(78101800) |
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Sell |
Institutional food services equipment(48100000) |
|
Sell |
Livestock feed(10121500) |
|
Sell |
Chemicals including Bio Chemicals and Gas Materials(12000000) |
|
Sell |
Packaging cans(24121800) |
CEO’s
|
Name |
Kang Tae-Soon |
|
Date of Birth |
06/20/1949 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital |
148,198,875,000 KRW |
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Employees |
4,472 |
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Formation |
Listed Company (KSE: 000150) as of A Company of Doosan Business Group |
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Bank Details |
Woori Bank Youngdeungpo Branch |
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Corporate Registered No. |
110111-0013774 |
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Business Registered No. |
107-81-00237 |
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Permit & Licenses |
03-1997 Electronics BG awarded ISO14001 Certification (KSA-QA) 07-1991 Machinery BG plant in Changwon acquires ASME STAMP certificate |
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Shareholder Position |
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Company History
Aug. 1896 Park Seung-jik Store opens
Jun. 1953 Company name changes to Doosan
Industry Co., Ltd.
Jul. 1979 Establishment of New York Local
Corporation (Doosan American Corp)
Sept. 1979 Establishment of Hong Kong Local
Corporation (Doosan Hong Kong Corp)
Oct. 1979 $100 million in exports earned
Mar. 1980 Establishment of Japan Local
Corporation (Doosan Japan Co., Ltd)
Dec. 1986 $200 million in exports earned
Dec. 1987 Machinery BG completes plant in
Changwon
Dec. 1988 $300 million in exports earned
Feb. 1989 Contract with Whirlpool as
exclusive supplier of home appliances in
Dec. 1990 Publishing BG achieves W100 billion
in sales and $10 million in exports
Jul. 1991 Machinery BG plant in Changwon
acquires ASME STAMP certificate
Feb. 1993 Company name changes to Doosan
Corporation
Jan. 1994 Annual salary system implemented
for the first time among domestic companies
Apr. 1994 Publishing BG completes Ansan plant
Oct. 1994 Export of Green Soju to American
region
Dec. 1995 $400 million in exports earned
Oct. 1995 Liquor BG completes plant in
Nov. 1995 Liquor BG awarded with Silver Tower
Industry Prize for quality management
Jul. 1996 Magazine BU publishes first edition
of Vogue magazine
Jun. 1996 Liquor BG celebrates 70th
Foundation Day and opens
Aug. 1996 Publishing BG publishes Doosan
World Encyclopedia
Mar. 1997 Electronics BG awarded ISO14001
Certification (KSA-QA)
Feb. 1998 Major company buildings including
Euljiro building sold
Sept. 1998 Partnership with OB Co., Ltd.
commences
Sept. 1998 9 flagship affiliated companies
merged with Doosan Corporation
Sept. 1998 Electronics BG acquires Kolon
Electronics
Oct. 1998 Financial Supervisory Commission
selects Doosan as an exemplary company in corporate restructuring
Dec. 1998
Feb. 1999 Doosan Tower Store opens
Feb. 1999 Food BU exports Zongga Gimchi for
the first time in the industry
Apr. 1999 Liquor BG opens Gunsan plant
May. 1999 Machinery BG develops vertical
machining center VM50
Jun. 1999
Jun. 1999 Liquor BG awarded grand prize in
Korea-Japan Total Productive Maintenance Contest
Jul. 1999 Doosan issues $100 million in
overseas BW
Jul. 1999 Liquor BG exports
"Soljungmae" rice wine to
Sept. 1999 Bio-Tech BU exports egg yolk
lecithin to
Oct. 1999 Information & Communication BU
releases accounting management S/W and Doosan Personnel Information System
(DOOPIS)
Nov. 1999
Nov. 1999 Doosan KFC awarded KFC Asia-Pacific
Marketing Development Conference prize
Dec. 1999 Doosan, awarded grand prize as an
exemplary company successfully overcoming the IMF crisis
Jan. 2000 Doosan Burger King opens
state-of-the-art training center for the first time in
Feb. 2000
Feb. 2000 Publishing BU releases N-Cyber 2000
Mar. 2000 Doosan
Mar. 2000 CEO Park Yong-man awarded Silver
Tower Industry Prize on Commerce and Industry Day
Apr. 2000 Burger King awarded prize as
excellent franchise company & marketing prize for 2000
Apr. 2000 Volvo opens grand exhibition in
Nonhyun-dong,
May. 2000 Electro-Materials BG puts Ansan
plant into operation
May. 2000 Chairman Park Yong-sung becomes
17th President of Korea Chamber of Commerce & Industry
Jun. 2000 Living Industry BG acquires
business rights to food and beverages at
Jun. 2000 Printing BU achieves $11 million in
exports during the first two quarters
Jul. 2000 Bio-Tech BU enters into mass
production of "LPE", the first natural plant growth regulator in the
world
Aug. 2000 Zongga Gimchi Discount Store
achieves W100 million in sales per month
Sept. 2000 Publishing BG begins private
franchise of Dongaschool educational institute
Oct. 2000 CEO Park Yong-man elected President
of Korea-Spain Economic Cooperation Committee
Nov. 2000 Bio-Teck BU exports LPE to
Nov. 2000 Food BG opens world's largest
Gimchi web site
Nov. 2000 Zongga Gimchi exported to
Dec. 2000 Trading BG exceeds $40 million in
liquor exports
Dec. 2000 Doosan KFC opens 200th store (
Jan. 2001 Liquor BG releases new
"San" Soju, (meaning mountain)
Feb. 2001 Magazine BU publishes new magazine,
"GQ Korea"
Mar. 2001 Doosan KFC obtains Tiger Award for
second consecutive year
May. 2001 Printing BU consolidates facilities
at Cheonan plant and transfers to Ansan plant
Jun. 2001 Zongga.com obtains AA grade in
research of
Jun. 2001 Zongga Gimchi completes Geochang
plant as second production location
Jul. 2001
Liquor BG sales of San Soju exceed 50 million bottles 5 months after
release
Jul. 2001 Trading BG releases commercial
hot/cold air heater, "DZ"
Aug. 2001 Publishing BG enters into franchise
business for elementary English education institutes
Aug. 2001 Doosan Burger King opens 100th
store (Sukcheon Station branch)
Sept. 2001 Doota BU replaces CI and
character
Sept. 2001 Living Industry BG opens
"Dootavita", a modern culture and life sales center.
Oct. 2001 Fastfood&Restaurant BG and
Clothing BG are established and organization is transformed into 4 independent
BUs
Oct. 2001 Publishing BG releases standard
Korean dictionary CD-ROM
Oct. 2001
Bio-Tech BU releases functional cosmetics, "Carenic"
Nov. 2001
Zongga-jip takes a full stride into the Korean sauce market
Nov. 2001
Doosan Machinery BG Co. handed over to Hanjung DCM Co.
Nov. 2001
Zongga-jip Kimchi exports to the Canadian market for the first time in
Korean kimchi industry
Jan. 2002 Doosan Announces New Mid- and Long-Term
Growth Strategy
Feb. 2002 Doosan Chairman Park Yong-sung
Elected to IOC Membership
Jan. 2003 Doosan reaches total sales of 3
million boxes of Kyeongwol Green soju in
Jan. 2003 KFC elected No.1 in the fast food
sector in the 2002 NCSI survey
Feb. 2003 A total of 50 million people
visited Doota in its first four years
Sept. 2003 Burger King was selected by the
Korea Management Association as the No.1 food outlet in terms of customer
satisfaction for a fourth consecutive year
Oct. 2003 The pay rate for new employees at
Doosan was set at the highest level in the industry
Nov. 2003 Trading BG signed a dealer contract
with Honda Korea
Nov. 2003 KFC's outlet at Bupyeong Station
was selected as the cleanest store in
Apr. 2004 KFC observed the 20th anniversary
of the launch of business in
Apr. 2004 Liquor BG's Gunsan Factory selected
as an exemplary business by the Headquarters of the Save North Jeolla's Economy
movement
May. 2004 Honorary Chairman Park Yong-gon
received an award as an exemplary businessman from
Jun. 2004 Doosan became one of seven firms
committed to voluntary observation of fair trade regulations
Jun. 2004 Doota selected by five leading
economic dailies and three leading sports papers as a hit brand in the sector
of distribution for five consecutive years
Nov. 2004 Doosan Donga's Old Stories of Korea
won the Grand Prize in the category of illustration in the first Korea
Publication/Culture Prize
Dec. 2004 Chairman Park Yong-sung was
inaugurated as the ICC Chairman
Jan. 2005 Doosan Donga's reference books for
students - Cube Math, High Top, and
Feb. 2005 Doosan Donga entered the electronic
dictionary business, introducing Prime AP350
Feb. 2005 Magazine BU launched
Mar. 2005 Doosan Donga's Kinder Donga Gabe
won the Grand Prize at the 2005 Best Kids Award of the Hankook Il-bo
Apr. 2005 Techpack BG made a strategic
alliance with TOYO-SASAKI GLASS of Japan
Jun. 2005 Doosan Donga introduces a second
edition of the electronic dictionary Prime AP150
Jul. 2005 Techpack BG introduced glasses
containing copies of Vincent van Gogh's works
Jul. 2005 Chongga Kimchi introduced a brand
of kimchi for vacationers
The Subject Company is a holding company
comprised of multiple business groups and subsidiaries in many different
industries. The Company's business groups include Trading, which is a
distribution and logistics business; Foods, which operates restaurants in
Japan, Southeast Asia and the United States; Liquor, a producer of a diverse
range of products, including rice, plum and grape wines; Fashion, which
distributes the clothing lines of Ralph Lauren, Guess and DKNY; Fastfood and
Restaurant, which operates KFC and Cafe Nescafe locations; Electro-materials, a
producer of copper-clad laminate, which is used in printed circuit boards; and
Publishing, a publisher of magazines, text and reference books. Doosan's other
business activities include the provision of information technology services to
businesses, the provision of cosmetics ingredients and real estate management.
Management
|
Job
Description |
Title |
Name |
Nationality |
Date of
Birth |
Education |
|
Chairman & CEO |
Mr. |
Kang Tae-Soon |
Korean |
1949.6.20 |
University |
|
President & CEO |
Mr. |
James B. Bemowski |
Korean |
1954.1.11 |
|
|
President & CEO |
Mr. |
Choi Tae-Kyung |
Korean |
1946.3.6 |
|
|
Director |
Mr. |
Park Yong-Man |
Korean |
1955.2.5 |
University |
|
Director |
Mr. |
Park Jeong-Won |
Korean |
1962.3.9 |
|
|
Director |
Mr. |
Kim Yong-Sung |
Korean |
1962.1.2 |
University |
|
Outside Director |
Mr. |
Oh Se-Jong |
Korean |
1943.6.8 |
University |
|
Outside Director |
Mr. |
Kim Kyung-Han |
Korean |
1944.2.5 |
University |
|
Outside Director |
Mr. |
Ye Jong-Seok |
Korean |
1953.12.13 |
University |
|
Outside Director |
Mr. |
Song Kyung-Soon |
Korean |
1951.1.14 |
University |
|
Outside Director |
Mr. |
Park Hee-Jong |
Korean |
1950.9.4 |
|
|
Outside Director |
Mr. |
Jeffrey D. Jones |
|
1952.6.7 |
University |
|
Outside
Director |
Mr. |
Yoon Dong-Min |
Korean |
1945.4.4 |
University |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
2006 |
1,927,983,770,080 |
2,503,500,279,827 |
23,228,175,856 |
|
1,864,460,112,711 |
2,606,988,671,698 |
7,955,758,504 |
|
|
2004 |
2,037,902,072,411 |
2,699,007,901,115 |
(-)41,363,454,438 |
Financial Description
Unit: KRW
|
Authorized Capital |
2,000,000,000,000 |
|
Paid-Up Capital |
148,198,875,000 |
|
Total Issues Shares |
29,639,775 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
01/01/2007~03/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Total Assets |
2,489,218,308,092 |
2,503,500,279,827 |
2,606,988,671,698 |
|
Current Assets |
650,070,957,880 |
659,226,835,009 |
598,171,746,693 |
|
-Quick Assets |
397,704,179,106 |
394,763,479,313 |
321,724,010,791 |
|
-Inventories |
252,366,778,774 |
264,463,355,696 |
276,447,735,902 |
|
Fixed Assets |
1,839,147,350,212 |
1,844,273,444,818 |
2,008,816,925,005 |
|
-Investment |
741,135,972,683 |
739,097,851,100 |
773,750,933,502 |
|
-Tangibles |
982,530,126,617 |
985,908,896,772 |
1,077,103,152,685 |
|
-Intangibles |
78,066,202,700 |
80,919,480,679 |
95,392,474,554 |
|
-Others |
37,415,048,212 |
38,347,216,267 |
62,570,364,264 |
|
Total Liabilities |
1,849,623,266,543 |
1,868,177,006,096 |
1,967,830,076,470 |
|
Current Liabilities |
1,089,632,086,844 |
976,006,942,817 |
959,638,363,216 |
|
Fixed Liabilities |
759,991,179,699 |
892,170,063,279 |
1,008,191,713,254 |
|
Capital Stock |
148,198,875,000 |
148,198,875,000 |
147,412,785,000 |
|
Capital Surplus |
573,673,367,909 |
573,335,641,681 |
573,671,877,171 |
|
Profit Surplus |
29,274,063,550 |
23,228,175,856 |
-1,004,174,235 |
|
Capital Adjustment |
-78,418,096,740 |
-78,766,550,772 |
-80,851,916,195 |
|
Total Equity |
639,595,041,549 |
635,323,273,731 |
639,158,595,228 |
|
Liab. & Shareholder’s Equity |
2,489,218,308,092 |
2,503,500,279,827 |
2,606,988,671,698 |
|
Current Liabilities |
1,089,632,086,844 |
976,006,942,817 |
959,638,363,216 |
|
Trade Payables |
168,649,447,282 |
190,610,924,514 |
208,026,278,757 |
|
Short-Term Borrowings |
334,234,316,578 |
258,798,625,139 |
203,650,652,573 |
|
Account Payables |
56,736,265,394 |
54,472,335,869 |
63,330,806,935 |
|
Advance Receipts |
9,004,891,654 |
9,041,886,522 |
49,402,598,389 |
|
Withholdings |
43,248,874,621 |
38,497,530,396 |
20,459,377,754 |
|
VAT Withhold |
4,379,018,708 |
4,315,868,265 |
6,929,675,991 |
|
Accrued Expenses |
22,386,345,964 |
32,052,571,858 |
12,392,503,145 |
|
Accrued Income Tax |
20,266,540,440 |
9,827,326,239 |
- |
|
Unearned Income |
59,992,875 |
59,992,875 |
59,992,875 |
|
Guarantee Deposit Income |
13,439,373,258 |
13,267,585,482 |
10,302,453,635 |
|
Leasehold Deposit Received |
35,860,263,400 |
37,307,143,100 |
35,742,980,800 |
|
Current Portion of Debentures |
293,265,681,089 |
223,390,617,081 |
282,906,101,574 |
|
Current Portion of Long -Term Debts |
76,181,137,900 |
95,371,100,980 |
56,933,501,902 |
|
Derivatives |
1,499,992,759 |
536,075,957 |
297,386,653 |
|
Provision for Refund |
5,488,581,997 |
5,190,359,103 |
5,791,880,117 |
|
Others |
4,931,362,925 |
3,266,999,437 |
3,412,172,116 |
|
Fixed Liabilities |
759,991,179,699 |
892,170,063,279 |
1,008,191,713,254 |
|
Debentures |
329,496,670,742 |
478,874,812,839 |
591,903,276,158 |
|
Long-Term Borrowings |
150,912,614,720 |
135,404,040,080 |
177,129,863,542 |
|
Asset Backed Liabilities |
8,247,000,000 |
9,036,000,000 |
12,396,000,000 |
|
Long-Term Account payables |
3,235,179,489 |
551,867,563 |
804,883,178 |
|
Provision for Severance & Retirement |
75,617,439,354 |
76,425,363,697 |
63,502,581,512 |
|
Long-Term Leasehold Deposit Received |
170,708,379,992 |
167,889,320,617 |
155,939,402,044 |
|
Deferred Income Tax Credit |
21,773,895,402 |
23,988,658,483 |
6,515,706,820 |
|
Income Statement |
|||
|
Unit : Korean Won |
01/01/2007~03/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Sales |
441,610,495,865 |
1,927,983,770,080 |
1,864,460,112,711 |
|
Cost of Sold Goods |
300,162,726,052 |
1,322,218,418,603 |
1,270,592,424,511 |
|
Gross Profit |
141,447,769,813 |
605,765,351,477 |
593,867,688,200 |
|
Selling & Admin. Expenses |
128,541,680,079 |
562,743,556,707 |
489,197,301,231 |
|
Operating Income |
12,906,089,734 |
43,021,794,770 |
104,670,386,969 |
|
Non-Operating Income |
27,655,910,732 |
230,994,286,920 |
135,454,412,610 |
|
Non-Operating expenses |
31,572,061,913 |
180,854,323,801 |
222,285,752,560 |
|
Ordinary Income |
8,989,938,553 |
109,849,322,067 |
18,278,571,771 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
8,989,938,553 |
109,849,322,067 |
18,278,571,771 |
|
Income Taxes Expenses |
2,944,050,859 |
86,621,146,211 |
10,322,813,267 |
|
Net Income |
6,045,887,694 |
23,228,175,856 |
7,955,758,504 |
|
Cash Flows |
|||
|
Unit : Korean Won |
01/01/2007~03/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Cash Flows from Operating |
26,937,170,475 |
26,333,378,990 |
119,826,247,869 |
|
-Net Income |
6,045,887,694 |
23,228,175,856 |
7,955,758,504 |
|
-Exp. without Cash Outflow |
42,562,452,678 |
223,845,839,118 |
214,089,349,119 |
|
-Revenue without Cash Inflows |
-23,694,940,086 |
(-)204,760,495,571 |
(-)103,084,767,090 |
|
-Changes in Asset/ & Liability |
2,023,770,189 |
(-)15,980,140,413 |
865,907,336 |
|
Cash Flows from Investing |
-19,589,773,940 |
99,778,794,409 |
(-)33,902,956,892 |
|
-Cash Inflow from Investing |
10,168,859,326 |
211,442,875,221 |
113,103,733,876 |
|
-Cash Outflows for Investing |
-29,758,633,266 |
(-)111,664,080,812 |
(-)147,006,690,768 |
|
Cash Flows from Financing |
-8,057,915,897 |
(-)126,355,062,924 |
(-)83,448,861,179 |
|
-Cash Inflows from Financing |
204,891,118,439 |
288,853,147,741 |
337,154,932,950 |
|
-Cash Outflows from Financing |
-212,949,034,336 |
(-)415,208,210,665 |
(-)420,603,794,129 |
|
Increase/Decrease in Cash |
-710,519,362 |
(-)242,889,525 |
3,924,959,574 |
|
Cash at the Beginning of Year |
6,935,818,962 |
7,178,708,487 |
3,253,748,913 |
|
Cash at the End of Year |
6,225,299,600 |
6,935,818,962 |
7,178,708,487 |
Products,
Technologies, Services
Description
-Business
Trading BG
Doosan Trading BG has upgraded its capacities
in business through such diversified activities as imports and exports, and
domestic logistics services while improving outsourcing capabilities in
overseas markets. As the Origin of the Doosan Group, founded in 1986, Doosan
Trading BG is presently making efforts to revamp its sales volume oriented
management strategy by focusing on highly profitable business that are in
accordance with the globalization strategy of the Group.
Doosan Trading BG plans to upgrade its
internal substantiality based on unparalleled core capabilities while evolving
into a true global corporation with a broad business portfolio committed to
creating value by focusing on developing new growth engines through dynamic
transformations.
Liquor Exports
Doosan Trading BG exports high quality soju,
cheongju (clear strained rice wine), maesilju, wine and other types of liquors
manufactured by the Doosan Corporation Liquor BG, to approximately 40 countries
around the world. In
Import and Export Service
Doosan Trading BG is strengthening its role
further by providing upgraded import and export services for attachment &
special application of construction equipment & industrial vehicle,
Procurement of Industrial and Constructive materials, other auxiliary
materials, based on its wealth of experience in trade and on its extensive
overseas networks.
Imports and Sales of Chemical Materials
Doosan Trading BG imports and sells various
organic and inorganic chemical materials such as soda ashes and phenol, utilizing
its industry-leading know-how in bulk-biz logistics and nationwide distribution
network to remain ahead of competitors. In selling to the other members of the
Doosan Group, Doosan Trading BG is able to further boost sales of its chemical
materials.
Food Sales, Distribution and Dining
Facilities
Doosan Trading BG has a nationwide
distribution network for daily deliveries and an advanced distribution system
that enables the simultaneous delivery of frozen/chilled/normal temperature
products. With this well-established infrastructure, the Company provides
imported agricultural products, processed food and related equipments for large
restaurants and distribution companies.
Electro-Materials BG
Doosan Electro-Materials BG was established
in 1974. Since then, as the world leader in the field, the Company produces and
sells high quality copper-clad laminate (CCL), a key component of PCBs and
industrial fine chemical products.
The excellence of the quality of the Company
CCL was proven with the acquisition of several certificates including the KS of
Korea, UL of the
Doosan Electro-Materials line of products
includes phenol CCL (used in TVs, VCRs, audio systems, refrigerators, washing
machines, CD-ROMs and DVD-ROMs), Epoxy CCL for PCBs (used in high-tech
electronic equipment such as PCs, LCDs, mobile phones, military equipment and
digital telecommunications equipment) and fine chemical products including
industrial glues, coatings and optical plastics. In order to meet changing
customer needs, Doosan Electro-Materials BG produces a wide range of quality
products such as Paper Phenolic, Glass Epoxy, Composite, Thin Core, Mass Lam,
Bonding Sheet, Resin Coated Copper Foil, Flexible CCL and OLED (Organic Light
Emitting Diodes).
The Company global marketing network and
state-of-the-art technology help Doosan Electro-Materials to better serve
customers around the globe. Holding to the ultimate goal of customer
satisfaction, Doosan Electro-Materials BG is working to strengthen its position
as a global leader in the CCL industry with six domestic business plants (in
Gumi, Jeungpyeong, Iksan, Kimcheon, and Ansan) and four corporate centers and
three branches (in
Techpack BG -A Manufacturer of General
Packing Materials and Household Articles
Doosan Techpack BG was the first Korean
company to supply glass bottles in the 1950. In the 1980, the company started
manufacturing glass tableware, crystal and PET bottles and acquired a leading
can manufacturer in 1998. Such moves have helped lay the groundwork for Doosan
Techpack BG to become the number one bottling/canning company in
Liquor BG -A Total Liquor Manufacturer
Doosan Liquor BG is
Foods BG - Animal Feed BU
Since opening a feed factory in Samjung-dong,
Ojung-gu,Bucheon back in 1987,with the implementation of EP in 1996, the
factory now churns out a wide variety of animal
feed(powder,pellet,flake,expanding,etc) via a fully automated process that
handles all aspects of manufacture from materials input to end production.
Fashion BG
Polo Ralph Lauren has established itself as
the most successful fashion brand in the world over the past 30 years by
charting a new course toward high-end lifestyles. There are 176 Polo stores
across
One of the world's most successful lifestyle
brands "Esprit" was born in
Publishing BG
Doosan Publishing BG contributes greatly to
the advancement of education in
Doosan Magazine
Doosan Magazine leads nation magazine
industry with the titles that are published in partnership with world's
foremost publishing companies. Its magazine titles including the fashion bible
'Vogue'; men's lifestyle magazine 'GQ'; young fashion magazine 'Vogue Girl';
well-being lifestyle magazine 'Allure'; and pulse of human thoughts 'Reader's
Digest'; have maintained the leading position in their respective segment. In
February 2005, it launched W Korea, conceptual trend magazine and has appealed
to trend setters in
Tower BU - A World-class Shopping Center
In the six years following its launch, DOOTA,
run by Doosan Tower BU, has become a world-renowned shopping center. With the
introduction of an advanced managerial system and a wide range of
differentiated products, DOOTA has established itself as one of the leading
shopping malls in
DOOTA top priority is on the maximization of
customer satisfaction through the introduction of a number of innovative
management strategies: the introduction of a fixed price system for the first
time in the Korean shopping mall industry; a Doota-certified store promotion
program; the deployment of Floor Managers.
Information & Communication BU
First established as Dongyang Computer
Technology in the 1970s, Doosan Information and Communication BU provides total
IT services through comprehensive consulting and engineering services based on
the expertise and rich experience the Company has accumulated over the past 30
years.
Printing BU
Doosan Printing BU produces the highest
quality products and aims to serve domestic and overseas customers better
through the prompt handling of orders. The BU is now equipped with a
One-Stop-Service for the whole process, which encompasses planning to
completion in commercial printing as well as book publication.
A Total Life Solution provider, the
-Products
Industrial materials
-PAPER PHENOLIC & COMPOSITE CCL
Copper clad laminate (CCL) is produced for
use in household electronics including radios, cassette players, color TVs,
VCRs, CD-ROMs, and DVD-ROMs. It is the only product, which ranks first in the
global market among individual Korean products
-Commercial Printing
This service provides the function of sales
promotion to deliver company information with the critical content required by
companies in terms of both quality and quantity and also offers corporate image
(CI), brand image and corporation culture services to customers.
-Lysophos phatidyl ethanolamine (LPE)
LPE, currently commercialized under the brand
name, NATURELOX, is a natural plant growth regulator exclusively produced using
globally patented technology from our company. This product not only controls
the growth rate of plants but also prevents cold weather damage and increases
the sugar content, color quality, hardness and storage capacity.
-Sphingolipid
Sphingolipid is a component of skin and is
used as an important raw material in the cosmetic industry thanks to its
effectiveness in moisture preservation, skin aging prevention, and skin-surface
pain alleviation.
-Phospholipid
Polo is a retranslated American version of
English traditionalism and is persistently loved as traditional/casual wear
around the world. It is a world famous brand among consumers who are bored with
trends.
Consumer goods
-The Perfect Match of Soju and Green Tea
a new version of soju with green tea added to
subtly enhance soju's unique flavor. Green tea leaves from the beautiful ridges
of
-Representing the WHOPPER - Burger King
The Whopper is the true king of all
hamburgers using select materials including a large patty (100% pure beef),
twice as wide as a normal hamburger patty, fresh vegetables like lettuce,
tomatoes, onions and pickles and specially flavored ketchup and mayonnaise.
-KFC's Peculiar Cooking Method - Original
Chicken
This delicious chicken is cooked in a
dedicated compression cooker using 11 kinds of secret spices through a
marinating process in which the spices are soaked into the inner part of the
meat in order to enhance the taste and flavor of the chicken.
-Prestigious Brand - POLO by Ralph Lauren
Polo is a retranslated American version of
English traditionalism and is persistently loved as traditional/casual wear
around the world. It is a world famous brand among consumers who are bored with
trends.
-ESPRIT
One of the world's most successful lifestyle
brands "Esprit" was born in
-The Power of Reading the World- Reader's Digest
Reader's Digest is currently the world
largest culture magazine and sells over 25 million copies on a monthly basis.
It is published in 19 languages with 48 international editions. Each gdedition
of Reader's Digest is filled with hope and courage in life, common knowledge,
hilarious humor, and interesting and touching stories.
-Fashion Bible - VOGUE
Vogue is the most authoritative fashion
magazine in the world. It contains a combination of utility, fun and high quality
fashion and evokes the spirit of the generation. This magazine is the Fashion
Bible and has demonstrated the power of style and has wielded an overwhelming
influence for 100 years
-It's good to be a man ! - GQ
GQ is a world-class men's magazine published
in 10 countries including the
Trade Partners
|
Suppliers |
Seoul Paper Board Co, Ltd Address: 292, Maesan-ri, Opo-eup,
Gwangju-si, Gyeonggi-do 464-893 Tel: 82-31-766-1795 Fax: 82-31-766-2006 Industry: Manufacture of Corrugated
Cardboard and Cardboard Boxes GS Caltex Corporation President: Dong-Soo Hur Address: GS Tower, 679, Yeoksam 1-dong,
Gangnam-gu, Tel: 82-2-2005-1114 Fax: 82-2-2005-6051 Industry: Petroleum Refineries SK Chemicals Co., Ltd. President: Ji-Ho Hong Address: 600, Jeongja 1-dong, Jangan-gu,
Suwon-si, Gyeonggi-do 440-745 Tel: 82-31-245-3131 Fax: 82-31-247-2004 Industry: Manufacture of Basic Organic
Petrochemicals TCC Steel President: Jun-Won Sohn Address: 20F Tel: 82-2-2633-3311 Fax: 82-2-2676-7006 Industry: Manufacture of Basic Cut Products
of Iron or Steel to Non-rectangular Shapes Samchully Co., Ltd. President: Young-Bok Lee Address: 8F Samchully B/D, 35-6,
Yeoeuido-dong, Yeongdeungpo-gu, Tel: 82-2-368-3300 Fax: 82-2-378-3423 Industry: Manufacture of Gas, Distribution
of Gaseous Fuel Through Mains Kunsul Chemical Industrial Co., Ltd. President: Sung-Ho Hwang Address: 197, Tel: 82-51-892-4221 Fax: 82-51-892-5576 Industry: Manufacture of General Paints and
Similar Products |
|
Competitors |
Samkwang Glass Hyosung TNC Pulmuone CJ Corporaion Dongwon F&B |
Related Parties
(Subsidiaries, Joint-
Venture &
Affiliates)
|
Affiliates |
ORICOM Inc 110111-0176986 DOOSANBEARS Inc 110111-0346919 SRS Korea Co., Ltd. 110111-3139733 SAMHWA CROWN & CLOSURE CO.,LTD 134111-0003462 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION Doosan Infracore Co., Ltd. 120111-0234469 Doosan Engine Co., Ltd 194211-0038423 Doosan Mecatec., Ltd. 110111-0126022 DooSan Construction co., Ltd. 134511-0088135 Saejae Development co.Ltd 110111-1074048 Neo Trans Co., Ltd. 131111-0141801 GLOBAL LOGISTICS CO., LTD. 110111-1235749 Doosan Motors Corp. 110111-3008293 DONG HYUN ENGINEERING CO.,LTD. 110111-0508329 Neoplux n.shaper 110111-1943574 YONHAP CAPITAL CO.,LTD. 110111-1220336 Rexcon Co.,Ltd. 110111-3586273 Doosan Cuvex Co.,Ltd 140111-0032570 |
|
Liaison Office |
Address: Wilshire Financial Tower, 3600, Tel: 1-213-738-7900~4 Fax: 1-213-738-7916 Sanghai Branch Office Address: Rm 401, New Tel: 86-21-6275-4429 Fax: 86-2-6275-9974 U.S.A Branch Office Address: 600 Sylvan Avenu First Floor East.
Tel: 1-201-503-9120 Fax: 1-201-503-1314 German Branch Office Address: Doosan Corporation Electro –
Metals BG Mergenthaler Alee23 D-65760, Tel: 49-61-96-481576 Fax: 49-61-96-481830 |
|
Subsidiary |
Doosan Tower Co., Ltd. Address: 14th Fl. Doosan Tower Bldg. 18-12
Ulchi-ro 6 Ka Chung-Ku Seoul 100-196 Tel: 82-2-3398-3016 Fax: 82-2-3398-3028 Industry: Renting of Non-Residential
Buildings Doosan Professional Baseball Club Address: In Jamsil- Baseball ground, 10,
Jamsil 1-Dong, Songpa-Gu, Tel: 82-2-2240-1777 Fax: 82-2-2240-1788 Industry: Sports Teams and Clubs Neoplux Capital Co., Ltd. Address: 15th Fl., Tel: 82-2-3398-1070 Fax: 82-2-3398-1071 Industry: Other Investment Companies Oricom Inc. Address: 7 Fl. Doosan Bldg., 105-7,
Nonhyeon 2-Dong, Gangnam-Gu, Tel: 82-2-510-4059 Fax: 82-2-542-3966 Industry: Media Advertising Agencies Doosan Corporation Electro – Materials
Singapore Pte Ltd. Address: No.10. Tel: 65-852-6327 Fax: 65-862-6329 Doosan Corporation Electro -
Materials(H.K.) Ltd. Address: Tel: 852-2317-0163 Fax: 852-2317-0236 Doosan America Corp, Address: Wilshire Financial Tower, 3600, Tel: 1-213-738-7900~4 Fax: 1-213-738-7916 Doosan Hong Kong Co., Ltd. Address: Tel: 852-2815-2238 Fax: 852-2815-0016 Doosan Japan Co., Ltd. Address: NO.11, Mori Bldg. 6F 2-6-4,
Toranomon, Minato-Ku, Tel: 81-3-3508-2125 Fax: 81-3-3508-2128 |
|
Cooperative |
Polo/Lauren Company.L.P GUESS. Inc. ESPRIT |
Sales by Region (Activity
& Markets)
Fashion BG
|
Sales/ Unit :Mil KRW |
2006 |
2005 |
2004 |
|
Export |
- |
- |
- |
|
Domestic |
215,738 |
214,311 |
214,861 |
|
Total |
215,738 |
214,311 |
214,861 |
Trading BG
|
Sales/ Unit :Mil KRW |
2006 |
2005 |
2004 |
|
Export |
54,328 |
128,370 |
127,130 |
|
Domestic |
135,304 |
143,354 |
179,092 |
|
Total |
134,881 |
223,725 |
247,720 |
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/
Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
|
Chu Young-Hyun and others(9) |
The Subject Company |
Claim for Intellectual Rights |
325,000,000 KRW |
Proceeding |
News Clipping
Holding Firm Boon to Stock
By Seo Jee-yeon /Staff Reporter
Shares of companies that announced they would adopt a holding company
system are rising steadily on the main bourse, creating a new trend.
Doosan Corp. extended its winning streak into a fourth straight session
on Friday, rising 1.76 percent to 69,200 won on expectations that the company
will soon become the holding company for the Doosan Group.
Doosan has stepped up its restructuring efforts to adopt a holding
company system by 2009. A holding company refers to a company that holds
managerial responsibility for the group, with the power to draw up and
implement group business strategies and supervise group management.
Analysts also issued a positive outlook for Kumho Industrial whose
shares have recently been sluggish due to a debt increase in acquiring Daewoo
Engineering & Construction, noting that the company became the holding
company of Kumho Asiana Group.
Kumho will report to the authorities next month that it will transform
itself into a holding company as the value of its stake in affiliates amounts
to 67 percent of total assets.
Under the current law, a company can be a holding company when the value
of its stake in affiliates exceeds 50 percent of total assets. To become a
holding company, the debt ratio of a holding company also should fall below 100
percent.
``The adoption of a holding company will have a positive impact on stock
prices as it tends to improve corporate governance, which is one of the weakest
parts of Korean conglomerates,’’ said Lee Sang-hun, an analyst for CJ
Investment & Securities.
``The holding company trend will last in the market for a while as there
are a number of companies reviewing adopting this format.’’
SK, Kolon, Hanhwa and Hansol Groups are allegedly considering plans to
change their governance structure.
A fund investing in holding companies or holding company candidates also
benefits from the trend.
``Holding Company Plus Stock 1,’’ launched by CJ Asset Management on
January 15, posted a 5.19 percent return for the past two months. The result
looks satisfactory given that the benchmark Korea Composite Stock Price Index
(KOSPI) rose just 0.02 percent during the period.
``Investors expect the holding company system to raise the value of
Korean firms which have been discounted due to their less competitive
governance structure,’’ Lee said. ``Companies could also reorganize their
business structure in the course of transforming themselves into holding
companies, selling off non-core and under-performing businesses.’’
Other analysts, however, think the holding company system is not always
a positive factor for stocks, saying what is important is how much a holding
company can manage and support the core businesses of its affiliates.
New CEO Set to Retool Doosan
By Cho Jin-seo /Staff Reporter
Doosan Group said yesterday James Bemowski has started working as the
new CEO and vice chairman of Doosan Corp., becoming the first foreign chief
executive in a Korean conglomerate.
The appointment of Bemowski, a veteran in finance who was the chief
consultant of McKinsey
``It is a great honor for me to join Doosan as the CEO of Doosan
Corporation, the mother company of Doosan, which has a proud history and
heritage of 110 years,’’ Bemowski said in his inauguration speech. ``I am very
excited to be back in
Doosan will be headed by two vice chairmen, Bemowski and Yoo Byung-taek,
who is also the chairman of board. The group chairman’s seat has been left
vacant since Park Yong-sung resigned a year ago amid a dispute with family
members over the group’s control.
Bemowsky was deeply involved in initializing Doosan’s reform drive. He
had served as the regional chief of McKinsey & Company
``He would know a lot about Doosan Group since he was the McKinsey chief
at the time,’’ a Doosan official said on Wednesday.
Bemowski also will have a reunion with Kim Yong-sung, who was the
project leader at Mckinsey at the time. Kim now works as the chief strategy
officer of Doosan Infracore, a core subsidiary.
Doosan has successfully changed its corporate image from a beer seller
to a heavy industry powerhouse over the past 10 years. In 1996, food and
beverage businesses such as Oriental Brewery accounted for 42 percent of its
revenue, and most people associated the group with OB Beer or the OB Bears
baseball club.
Since then, the group has gone through an intensive restructuring
program. It has sold shares in its core consumer good businesses, such as 3M,
Nestle, Coca-Cola, and Oriental Brewery and Chongachip Kimchi. Instead, it took
over Korea Heavy Industries, which is now Doosan Heavy Industries &
Construction, in 2001, and Daewoo Heavy Industries & Machinery, now Doosan
Infracore, in 2005. The two machinery manufacturers have become the pillars of
the group, bringing in about 80 percent of the group’s total revenue last year.
Under Bemowski’s leadership, Doosan will now undertake a more delicate
project of reforming the governance structure. Currently, it is controlled
under a circular investment scheme typical of Korean family-oriented
conglomerates. Doosan Corp. is the largest shareholder of Doosan Heavy
Industries, which is in turn the largest shareholder of Doosan Infracore and
Doosan Industrial Development. Closing the loop of shareholding, Doosan
Industrial Development has the largest stake in Doosan Corp. The group has
pledged that within three years it will reshape to a holding company system.
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)