MIRA
INFORM REPORT
|
Report Date : |
19.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
DOOSAN HEAVY INDUSTRY & CONSTRUCTION CO., LTD. |
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Registered Office : |
555, Gwigok-dong, Changwon-si, Gyeongsangnam-do |
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Country : |
Korea |
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Financials (as on) : |
30.09.2008 |
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Date of Incorporation : |
20.09.1962 |
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Com. Reg. No.: |
609-81-04684 |
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Legal Form : |
Listed Company |
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Line of Business : |
Manufacturer of Other Engines and Steam and Gas Turbines |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Basic
|
Company
Name |
DOOSAN HEAVY
INDUSTRY & CONSTRUCTION CO., LTD. |
|
Registered Address |
555, Gwigok-dong, Changwon-si,
Gyeongsangnam-do, Korea |
|
Zip Code |
641-792 |
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Tel |
+82-55-278-6114 |
|
Fax |
+82-55-264-5551~2 |
|
E-mail |
habang.kim@doosan.com;taeyoung.sohn@doosan.com;
hyeoungchul.yoon@doosan.com;chongjune.yoon@doosan.com;
yeonwoo.nam@doosan.com;jungkyu.lee@doosan.com;
sungsoo.kim1@doosan.com;sangjinkim@doosan.com |
|
Website |
www.doosanheavy.com |
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Trading Address |
1303-22, Seocho-dong, Seocho-gu, Seoul,
Korea (C.P.O Box 1826) |
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Tel |
+82-2-513-6114 |
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Fax |
+82-2-513-6200 |
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Type |
Export/Import |
|
Industry |
Manufacture of Other Engines and Steam and Gas Turbines |
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Main Business |
Turbine Generator, Desalination Plant, Nuclear Power Plants, Power
Plants, Desalination Plants, Casting & Forgings |
|
Sub
Business |
Construction of Industrial Plants |
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Established (mm/dd/yyyy) |
09/20/1962 |
The Subject Company
owns the premises of registered HQ address.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Commercial or industrial
construction(72131600) |
|
Sell |
Post(30102900) |
|
Sell |
Steel plate(30102204) |
|
Sell |
Heating equipment and parts and
accessories(40101800) |
|
Sell |
Water treatment and supply
equipment(47101500) |
|
Sell |
Nuclear reactor equipment(26142100) |
|
Sell |
Boilers(40102000) |
|
Sell |
Odor control equipment(47101530) |
|
Sell |
Dust collectors(40161503) |
|
Sell |
Industrial filtering and
purification(40160000) |
|
Sell |
Filters(40161500) |
|
Sell |
Nuclear fuel equipment(26142200) |
|
Sell |
Atomic and nuclear energy machinery and
equipment(26140000) |
|
Sell |
Lifting equipment and accessories(24101600) |
|
Sell |
Marine propellers(25111902) |
|
Sell |
Nuclear reactor control rod
systems(26142106) |
|
Sell |
Turbine engines(26101506) |
|
Sell |
Power generators(26111600) |
|
Sell |
Desalination equipment(47101508) |
|
Sell |
Steel housings or cabinets(31261503) |
|
Sell |
General building construction(72130000) |
|
Sell |
Steel(11101704) |
|
Sell |
Rotors or stators(26101803) |
|
Sell |
Crankshaft(26101749) |
CEO’s
|
Name |
Park Gee-Won |
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Address |
|
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Date of Birth |
03/20/1965 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital |
524,766,500,000 KRW |
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Employees |
5,240 |
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Formation |
Listed Company (Korea Stock Exchange : 034020) as of 10/25/2000 A Company of Doosan Group |
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Bank Details |
Korea Exchange Bank-Yeoksam Dong Branch |
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Corporate Registered No. |
194211-0000943 |
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Business Registered No. |
609-81-04684 |
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Permit & Licenses |
02/24/1995 ISO 9001 (Engine Business) 10/04/1995 ISO 9002 (Construction Business) 12/09/1997 ISO 14001(Construction Business) 08/01/1998 ISO 14001(Power Generation, Industry Equipment, Engine, Casting
Business) Int’l Trade No.: 671226 |
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Shareholder Position |
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Company History |
09/1962 Hyundai Yanghaeng (Formerly
HANJUNG) Founded 11/1976 Commencement of Construction for
Changwon Plant 10/1980 Changed company name to HANJUNG 11/1981 Acquired ASME ‘N’ and ‘NPT’ stamps 06/1982 Changwon Plant completed 08/1983 Assembly Line for Marine Diesel
Engines completed 03/1987 Technical Research Center opened as
HANJUNG Research Center 02/1990 Capital Increased to 100 Billion
Won (Current Capital: 521 Billion Won) 01/1993 Gas Turbine Plant completed 03/1993 Acquired ISO 9001 Certificate 10/1995 Acquired ISO 9001 Certificate for
Construction 12/1997 Acquired ISO 14001 for
Environmental Management System 11/1999 Integration of domestic power and
engine industries into HANJUNG 01/2000 HSD Engine Corporation established 10/2000 Listed on the stock market 11/2000 Received Korea Quality Award 03/2001 Changed company name to the present
name 2002 Supplied main nuclear power systems to
the Sequoyah Nuclear Power Plant, USA Qinshan Nuclear Power Plant, China 2002 Dangjin Thermal Power Plant selected
as the ‘Power Plant of the Year’ by a U.S. magazine ‘Power Engineering’ 2003 Largest share of the global market for
HRSG 2004 HRSG, mold steel and cold press work
roll selected as 'Global Products’ 2004 Sales reach four trillion won 2005 Obtained KOLAS/OHSAS18001 Management
System Certification Received Korea’s Best Company Award 2005 Acquisition of Daewoo Heavy industrial
& machinery (Currently Doosan Infracore) 2005 Acquisition of a section of reverse
osmosis water treatment from AES in USA (Currently Doosan hydro techology) 2006 Acquisition of Kvaerner IMGB
(Currently Doosan IMGB) 2006 Acquisition of Mitsui Babcock
(Currently Doosan Babcock) 2006 Establish of a R&D center for
desalination in Dubai, UAE 2007 Starting construction work of a
manufacturing plant in Vietnam |
The Subject Company
is engaged in supplying industrial facilities to both domestic and
international plant markets. Company operates its business under five segments;
Power segment, which is engaged in the provision of nuclear power plant such as
reactor vessels, reactor internals, steam generators and peripheral systems;
Desalination plant segment, which provides desalination plant used to purify,
desalinate, neutralize and disinfect seawater, salty underground water,
wastewater and others; Industrial facilities segment, which provides
desalination plants, environmental equipment, material-handling equipment and
chemical and petrochemical plants; Casting and forgings segment, which provides
marine engine parts, steel mills, plastic molds and tool steels; Construction
segment, which constructs highways, subways, roads, tunnels, gas pipelines,
intelligent buildings and apartments, as well as nuclear, thermal, combined
cycle and pump storage hydro plants.
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Date of
Birth |
|
President & CEO |
Mr. |
Park Gee-Won |
Male |
Korean |
1965.03.20 |
|
Vice Chairman & CEO |
Mr. |
Chung Ji-Taik
|
Male |
Korean |
1950.03.21 |
|
President & CEO / Construction BG |
Mr. |
Baik Han-Sik |
Male |
Korean |
1951.05.10 |
|
President & CEO / Management |
Mr. |
Lim Sang-Kap |
Male |
Korean |
1954.04.10 |
|
Chairman |
Mr. |
Park
Yong-Sung |
Male |
Korean |
1940.09.11 |
|
Director |
Mr. |
Park Yong-Man |
Male |
Korean |
1955.02.05 |
|
Outside Director |
Mr. |
Lee Keon-Woong |
Male |
Korean |
1944.02.03 |
|
Outside Director |
Mr. |
Lee Bu-Sik |
Male |
Korean |
1945.01.31 |
|
Outside Director |
Mr. |
Kim Jong-Sang |
Male |
Korean |
1946.09.01 |
|
Outside Director |
Mr. |
Park Jung-Kyu |
Male |
Korean |
1948.02.10 |
|
Outside Director |
Mr. |
Oh Yeon-Cheon |
Male |
Korean |
1951.02.07 |
|
Outside Director |
Mr. |
Kim Sang-Hee |
Male |
Korean |
1951.01.25 |
|
Outside Director |
Mr. |
Eun Jong-Il |
Male |
Korean |
1940.02.25 |
Park Yong-Sung/
Chairman
Date of Birth :
Sep. 11, 1940 (Seoul)
Education
02/1959 Graduated
from Kyunggi High School
02/1965 Graduated
from College of Commerce, Seoul National University in Seoul, Korea with B.A.
in Economics
06/1969 Graduated
from New York University in U.S.A. with M.A. in Business Administration
Professional
Experience
06/1973 Executive
Director of Korea Investment Finance Co.
05/1974 Managing
Director of Doosan Food BG
04/1980
Vice-Chairman of Seoul National Univ. Alumni (Current)
02/1984 CEO of Oriental
Dongyang Beer Co.
01/1986 President
of Korea Judo Association
04/1988
Vice-Chairman of Korea Chamber of Commerce & Industry
02/1989
Vice-Chairman of Korea Olympic Committee
02/1991 Board
Chairman of The Commercial Bank of Korea
07/1994 Chairman
& CEO of Oriental Brewery Co.
09/1995 President
of International Judo Federation (Current)
01/1998 Chairman of
International Chamber of Commerce-Korea National Committee (Current)
05/2000 Chairman of
Korea Chamber of Commerce & Industry (Current)
12/2000 Executive
Member of International Chamber of Commerce
03/2001 Chairman
& CEO of DOOSAN Heavy Industries & Const.
12/2001 Member of
International Olympic Committee (Current)
11/2002
Vice-Chairman of International Chamber of Commerce
01/2005 Chairman of
International Chamber of Commerce
Awards
12/1986 Awarded
“Order of Sport Merit, Maengho Medal”
03/1987 Awarded
“Order of Industrial Service Merit, Silver Tower Medal”
09/1988 Awarded
“Order of Sport Merit, Cheongryong Medal”
10/1989 Awarded
“Korea Sport Award, Promotion Part
11/1996 Awarded
“Order of Industrial Service Merit, Gold Tower Medal”
12/2000 Awarded
“Award of The Crown” from Belgium Government
02/2001 Awarded
“Seosangdon Award”
06/2003 Awarded of
the Medal of honor from France Government Chevalier
-----------------------------------------------------------------------------------------------------------------------------
Chung Ji-Taik /
Vice Chairman
Date of Birth :
Mar. 21, 1950 (Chungbuk Province)
Education
1974 Graduated from
College of Business Administration, Seoul National University
1981 Graduated from
Michigan State University in U.S.A.(MBA)
Professional Experience
1975 Passed 17th
Higher Civil Service Examination
1996 Director of
Statistics and Research, National Statistical Office
1997 Director of
Policy Development Bureau, Ministry of Finance and Economy
1999 Director of
Fiscal Reform Bureau, Planning and Budget Commission
1999 Director of
Budget Management Bureau, Ministry of Planning and Budget
2001 President and
Chief Strategic Officer of Doosan Corp.
2001 President of
Neoplux Corp.
2003 President of
Doosan Techpack Corp.
2003 President of
Samhwa Crown & Closure Corp.
2003 Vice-chairman
of Neoplux Corp. (Present)
2003 Chairman of
KACRC(Korean Association of Corporate Restructuring Companies)
2006 President of
Doosan Construction & Engineering Corp.
2007 Vice-chairman
of Doosan Construction & Engineering Corp.
2007 Vice-chairman
of Korea Employers Federation (Present)
2007 Director of
Federation of Korean Industries (Present)
2007 Acting owner
of Doosan Bears (Present)
2008 Vice-chairman
of Doosan Heavy Industries &
Construction (Present)
Awards
12/1983
Presidential Award
12/1995
Hwangjogunjeong-Honor
-----------------------------------------------------------------------------------------------------------------------------
Park Gee-Won /
President and Chief Executive Officer
Date of Birth :
Mar. 20, 1965 (Seoul)
Education
02/1984 Kyung-shin
High School
02/1988 B.A. in
Yonsei University, Seoul, Korea
05/1990 M.B.A. in
Stern School of Business, New York University, U.S.A.
Professional Experience
02/1988 Joined
Oriental Brewery Co., Ltd
01/1992
McCann-Erickson Hakuhodo (Tokyo)
05/1992
McCann-Erickson World Wide (New York)
05/1993 Doosan
America Corporation
06/1996 General
Manager of Doosan Corporation
01/1997 Director of
Doosan Corporation
12/1999 Managing
Director of Doosan Corporation, Automotive BU / Doosan Encyclopedia BU
01/2001 Executive
Vice President of Doosan Heavy Industries & Construction
12/2007 President
and Chief Executive Officer of Doosan Heavy Industries & Construction
Financials
|
|
|
|
Unit: KRW |
|
Year |
Sales |
Assets |
Net income |
|
4,089,542,224,461 |
5,581,755,860,352 |
298,690,059,956 |
|
|
2006 |
3,508,665,339,829 |
5,162,276,633,395 |
74,164,962,570 |
|
2005 |
3,303,497,279,654 |
4,906,151,940,845 |
164,919,873,871 |
|
2004 |
2,455,505,414,985 |
3,649,300,078,339 |
164,226,996,036 |
|
2003 |
2,067,673,054,094 |
3,036,927,139,193 |
27,214,889,688 |
Financial Description
|
|
Unit: KRW |
|
Authorized
Capital |
2,000,000,000,000 |
|
Paid-Up
Capital |
524,766,500,000 |
|
Total Issues Shares |
104,953,300 |
Balance
Sheet
|
Unit : Korean Won |
01/01/2008~09/30/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
|
Total Assets |
8,084,345,608,433 |
5,581,755,860,352 |
5,162,276,633,395 |
|
Current Assets |
3,246,517,311,940 |
1,930,761,435,273 |
1,835,924,980,015 |
|
-Quick Assets |
2,996,671,314,959 |
1,752,997,284,231 |
1,685,327,619,832 |
|
-Inventories |
249,845,996,981 |
177,764,151,042 |
150,597,360,183 |
|
Fixed Assets |
4,837,828,296,493 |
3,650,994,425,079 |
3,326,351,653,380 |
|
-Investment |
2,232,592,554,764 |
2,372,004,383,962 |
2,161,960,501,999 |
|
-Tangibles |
1,009,443,966,445 |
969,136,662,630 |
964,798,107,069 |
|
-Intangibles |
206,954,975,645 |
160,503,851,692 |
131,620,026,486 |
|
-Others |
1,388,836,799,639 |
149,349,526,795 |
67,973,017,826 |
|
Total Liabilities |
5,722,163,294,867 |
3,285,279,250,547 |
3,160,315,396,865 |
|
Current Liabilities |
4,091,893,779,174 |
2,127,334,262,779 |
2,234,204,521,557 |
|
Fixed Liabilities |
1,630,269,515,693 |
1,157,944,987,768 |
926,110,875,308 |
|
Capital Stock |
524,766,500,000 |
523,714,500,000 |
521,996,000,000 |
|
Capital Surplus |
605,934,437,523 |
603,817,396,881 |
606,896,770,296 |
|
Profit Surplus |
1,405,801,343,214 |
1,269,406,267,097 |
1,000,729,045,241 |
|
Capital Adjustment |
-174,319,967,171 |
-100,461,554,173 |
-127,660,579,007 |
|
Total Equity |
2,362,182,313,566 |
2,296,476,609,805 |
2,001,961,236,530 |
|
Liab. & Shareholder’s Equity |
8,084,345,608,433 |
5,581,755,860,352 |
5,162,276,633,395 |
|
Current
Liabilities |
4,091,893,779,174 |
2,127,334,262,779 |
2,234,204,521,557 |
|
Trade Payables |
473,729,228,612 |
452,250,669,656 |
480,012,053,612 |
|
Short-Term Borrowings |
1,222,253,648,415 |
648,007,892,580 |
536,220,159,512 |
|
Account Payables |
152,724,955,965 |
115,107,677,754 |
167,912,377,673 |
|
Current Portion of Long-Term
Account Payables |
|
|
41,492,514,983 |
|
Advance Receipts |
965,986,893,608 |
484,120,846,046 |
341,976,901,864 |
|
Withholdings |
8,962,188,564 |
7,705,052,587 |
29,095,888,509 |
|
Accrued Expenses |
142,760,932,956 |
86,400,898,419 |
56,397,131,645 |
|
Accrued Income Tax |
131,304,952,947 |
58,145,836,022 |
1,032,116,393 |
|
Current Portion of Long-Term
Debts |
201,666,474,407 |
52,235,400,000 |
453,597,515,539 |
|
Current Portion of Long-Term
Debts-Foreign Currency |
|
100,632,843,506 |
100,000,000,000 |
|
Current Portion of Debentures |
170,000,000,000 |
100,000,000,000 |
|
|
Derivatives |
622,504,503,700 |
22,727,146,209 |
22,375,911,346 |
|
Fixed
Liabilities |
1,630,269,515,693 |
1,157,944,987,768 |
926,110,875,308 |
|
Debentures |
500,591,257,398 |
575,304,523,705 |
600,000,000,000 |
|
Long-Term Borrowings |
71,235,612,021 |
202,003,550,000 |
4,238,950,000 |
|
Long-Term Borrowings-Foreign
Currency |
54,922,560,000 |
|
100,000,000,000 |
|
Long-Term Account Payables |
50,693,516,220 |
23,255,673,430 |
2,696,490,720 |
|
Provision for Severance &
Retirement |
119,402,643,648 |
93,891,219,876 |
101,554,927,108 |
|
Provision for Construction
Loss |
11,943,242,229 |
17,608,273,472 |
19,337,922,240 |
|
Provision for Repairing |
35,713,497,473 |
35,041,114,913 |
41,051,527,545 |
|
Provision for Delaying |
3,993,374,182 |
6,289,260,936 |
2,280,133,155 |
|
Guarantee Deposit Withhold |
83,680,690,124 |
65,411,844,843 |
46,689,634,461 |
|
Other Non-Current Derivatives |
638,378,285,435 |
45,490,086,286 |
|
|
Deferred Income Tax Credit |
59,556,064,686 |
90,981,250,307 |
5,874,100,079 |
|
Other Non-Current Liabilities |
158,772,277 |
2,668,190,000 |
2,387,190,000 |
Income Statement
|
Unit : Korean Won |
01/01/2008~09/30/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
|
Sales |
3,800,306,738,910 |
4,089,542,224,461 |
3,508,665,339,829 |
|
Cost of Sold Goods |
3,241,153,297,535 |
3,518,862,609,812 |
3,035,586,965,425 |
|
Gross Profit |
559,153,441,375 |
570,679,614,649 |
473,078,374,404 |
|
Selling & Admin. Expenses |
261,789,677,243 |
287,372,924,928 |
264,714,603,810 |
|
Operating Income |
297,363,764,132 |
283,306,689,721 |
208,363,770,594 |
|
Non-Operating Income |
424,333,240,302 |
408,492,291,245 |
186,637,796,243 |
|
Non-Operating expenses |
511,417,588,029 |
290,464,626,188 |
283,683,863,791 |
|
Ordinary Income |
210,279,416,405 |
401,334,354,778 |
111,317,703,046 |
|
Special Income |
|
|
|
|
Income Before Taxes |
210,279,416,405 |
401,334,354,778 |
111,317,703,046 |
|
Income Taxes Expenses |
50,844,827,064 |
102,644,294,822 |
37,152,740,476 |
|
Net Income |
159,434,589,341 |
298,690,059,956 |
74,164,962,570 |
Cash
Flows
|
Unit : Korean Won |
01/01/2008~09/30/2008 |
As of 12/31/2007 |
As of 12/31/2006 |
|
Cash Flows from Operating |
(-)81,020,726,029 |
366,384,066,156 |
(-)177,379,124,845 |
|
-Net Income |
159,434,589,341 |
298,690,059,956 |
74,164,962,570 |
|
-Exp. without Cash Outflow |
420,166,386,727 |
251,309,422,456 |
229,962,595,059 |
|
-Revenue without Cash Inflows |
(-)273,149,548,511 |
(-)334,084,110,483 |
(-)139,163,443,366 |
|
-Changes in Asset/ & Liability |
(-)387,472,153,586 |
150,468,694,227 |
(-)342,343,239,108 |
|
Cash Flows from Investing |
(-)260,953,269,142 |
(-)116,906,310,130 |
(-)150,882,128,038 |
|
-Cash Inflow from Investing |
58,094,830,387 |
204,719,877,220 |
207,740,403,951 |
|
-Cash Outflows for Investing |
(-)319,048,099,529 |
(-)321,626,187,350 |
(-)358,622,531,989 |
|
Cash Flows from Financing |
349,069,420,266 |
(-)160,038,376,406 |
148,935,248,327 |
|
-Cash Inflows from Financing |
600,470,687,014 |
373,571,977,233 |
1,212,963,099,853 |
|
-Cash Outflows from Financing |
(-)251,401,266,748 |
(-)533,610,353,639 |
(-)1,064,027,851,526 |
|
Increase/Decrease in Cash |
7,095,425,095 |
89,439,379,620 |
(-)179,326,004,556 |
|
Cash at the Beginning of Year |
161,176,099,382 |
71,736,719,762 |
251,062,724,318 |
|
Cash at the End of Year |
168,271,524,477 |
161,176,099,382 |
71,736,719,762 |
Products, Technologies, Services
Description
|
Main
Products & Services |
NUCLEAR POWER PLANT Reactor Vessel Reactor Internals Steam Generator BOP Peripheral Systems POWER PLANT Main Parts Auxiliary Systems DESALINATION PLANT MSF (Multi Stage Flash) MED (Multi Effect Distillation) RO (Reverse Osmosis) Hybrid (MSF + RO, MED + RO) WT/WWT(Water/Wastewater Treatment) CASTING & FORGING Power Facilities Marine Engine Parts Steel Mill Die & Tool Steel CONSTRUCTION Brand Name : DOSAN WE’VE |
Trade Partners
|
Suppliers |
DOOSAN INDUSTRIAL DEVELOPMENT CO., LTD. DOOSAN CORPORATION DOOSAN ENGINE CO., LTD. DOOSAN MECATEC CO., LTD. WONIK QUARTZ CO., LTD. 16F KUKJE ELECTRONICS CENTER 1445-3
SEOCHO-DONG SEOCHO-GU SEOUL 137-728 KOREA TEL: 82-2-586-4601 FAX: 82-2-586-4614 INDUSTRY: MANUFACTURE OF LABORATORY AND
OTHER INDUSTRIAL GLASSWARE SEOHO ELECTRIC CO., LTD. 194-53, ANYANG 7-DONG, MANAN-GU, ANYANG,
GYEONGGI 430-815 KOREA TEL: 82-31-468-6611 FAX: 82-31-468-3311 INDUSTRY: MANUFACTURE OF BOARDS FOR ELECTRIC
CONTROL OR DISTRIBUTION UNISON CO., LTD. 803, JANGSAN-RI, SUSIN-MYEON, CHEONAN,
CHUNGNAM 330-882 KOREA TEL: 82-41-620-3333 FAX: 82-41-551-5611 INDUSTRY: MANUFACTURE OF ALL OTHER
FABRICATED METAL PRODUCTS N.E.C. YANG BO CO., LTD. 1506-1, SONGJEONG-DONG, GANGSEO-GU, BUSAN
618-270 KOREA TEL: 82-51-831-8889 FAX: 82-51-831-7744 INDUSTRY: MANUFACTURE OF ROLLED, DRAWN AND
FOLDED PRODUCTS OF COPPER BOSUNG POWERTEC CO., LTD. 731-2, WONSI-DONG, DANWON-GU, ANSAN,
GYEONGGI 425-851 KOREA TEL: 82-31-491-0311 FAX: 82-31-491-5317 INDUSTRY: MANUFACTURE OF OTHER ELECTRIC
MOTORS, GENERATORS AND TRANSFORMERS SEOHO ELECTRIC CO., LTD. 194-53, ANYANG 7-DONG, MANAN-GU, ANYANG,
GYEONGGI 430-815 KOREA TEL: 82-31-468-6611 FAX: 82-31-468-3311 INDUSTRY: MANUFACTURE OF BOARDS FOR
ELECTRIC CONTROL OR DISTRIBUTION |
|
Customers |
SWCC (SALINE WATER CONVERSION
CORPORATION)-SAUDI ARABIA DONGRIWON DEVELOPMENT VINA.CO.,LTD &
HAI BINH JOINT STOCK COMPANY-VIETNAM SHUWEIHAT 2 HOLDING COMPANY LIMITED-UAE GHECO-ONE COMPANY LIMITED-THAILAND PSA CORPORATION LTD.-SINGAPORE WESTINGHOUSE ELECTRIC COMPANY LLC-USA MEW(THE MINISTRY OF ELECTRICITY AND WATER
IN KUWAIT)-KUWAIT GECOL(GENERAL ELECTRICITY COMPANY OF
LIBYA)-LIBYA KSPC (KEPCO SPC POWER CORP.)-PHILIPPINES GE (GENERAL ELECTRIC INTERNATIONAL,
INC.)-USA KOREA ELECTRIC POWER
CORPORATION(114671-0001456) KOREA HYDRO & NUCLEAR POWER CO.,
LTD.(110111-2207127) KOREA SOUTHERN POWER CO.,
LTD.(110111-2207135) HAEKUK FEEL D&C(110111-1530157) |
|
Competitors |
HYUNDAI STEEL COMPANY(120111-0001743) HYUNDAI STEEL, 1, SONGHYEON 3-DONG,
DONG-GU, INCHEON, KOREA TEL:+82-32-760-2114 FAX:+82-32-760-2813 HYUNDAI HEAVY INDUSTRIES
CO.,LTD.(181211-0000386) 1, JEONHA 1-DONG, DONG-GU, ULSAN, KOREA TEL:+82-52-202-2114 FAX:+82-52-234-2565 THE KANSAI ELECTRIC POWER COMPANY, INC. 3-6-16, NAKANOSHIMA KITA-KU OSAKA-SHI, OSK
530-8270 JAPAN TEL:+81-6-64418821 MASHINOSTROITEL'NYI ZAVOD OAO UL. K. MARKSA 12 ELEKTROSTAL', 144001
RUSSIA TEL:+7-495-7029901 FAX:+7-495-7029221 (FAX)
SHIKOKU ELECTRIC POWER COMPANY, INC. 2-5 MARUNOUCHI TAKAMATSU-SHI, KGW 760-8573
JAPAN TEL:+81-87-8215061 |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
DOOSAN INFRACORE CO., LTD.(120111-0234469) (38.86% held by the subject company) DOOSAN ENGINE CO., LTD(194211-0038423) DOOSAN MECATEC CO., LTD.(110111-0126022) N.SHAPER CO., LTD .(110111-1943574) ORICOM INC(110111-0176986) DOOSAN DONG-A CO., LTD.(110111-3977117) DOOSAN CO., LTD.(110111-0013774) SRS KOREA CO., LTD.(110111-3139733) DOOSAN FEED & LIVESTOCK CO.,
LTD.(110111-3809138) DOOSAN WINE SALES CO., LTD.(110111-3942582) SAMHWA CROWN & CLOSURE CO.,
LTD.(134111-0003462) DOOSAN MOTTROL CO., LTD.(194211-0000274) DOOSAN CONSTRUCTION & ENGINEERING CO.,
LTD.(110111-0194277) NEO TRANS CO., LTD.(131111-0141801) DOOSAN TOWER CO., LTD.(110111-1722499) DOOSAN MOTORS CORP.(110111-3008293) DONG HYUN ENGINEERING CO.,
LTD.(110111-0508329) NEOPLUX CO., LTD.(110111-1927841) DOOSAN CAPITAL CO., LTD.(110111-1220336)
19.99% BIG & GOOD SECURITIES BROKERAGE.CO.,
LTD.(110111-1965560) REXCON CO., LTD.(110111-3586273) DOOSAN CUVEX CO., LTD(140111-00325709) DOOSAN BEARS INC(110111-0346919) DOOSAN MOTTROL HOLDINGS CO.,
LTD.(110111-3892505) |
|
Overseas Branch |
FRANKFURT FRANKFURT OFFICEARABELLA CENTER, 9TH FLOOR
LYONER STRASSE 44-48 FRANKFURT AM MAIN 60528, GERMANY TEL:+49-69-69-5004-0 FAX:+49-69-69-5004- 10 NEW JERSEY 400 KELBY STREET, PARKER PLAZA, 10TH FL.
FORT LEE, NJ 07024, USA TEL:+1-201-944-4554
FAX:+1-201-944-5022/5053 WINDSOR WESTINGHOUSE ELECTRIC, 20 INTERNATIONAL
DRIVE, WINDSOR, CT 06095, USA TEL:+1-860-731-6479 FAX:+1-860-731-6478 SCHENECTADY GENERAL ELECTRIC BUILDING 33, ROOM 202A,
ONE RIVER ROAD, SCHENECTADY, NY 12345, USA TEL:+1-518-385-5218 FAX:+1-518-385-4984 BEIJING 19F, TOWER B, GATEWAY PLAZA, NO18
XIAGUANGLI,NORTH ROAD, EAST THIRD RING, CHAOYANG DISTRICT,BEIJING 100027,
CHINA TEL:+86-10-8454-7131∼33
FAX:+86-10-8454-7139 TAIWAN 704,NO.51,KEELUNG ROAD SECTION 2, TAIPEI,
TAIWAN, R.O.C TEL:+886-2-2739-2255(ARS)
FAX:+886-2-2739-2266 KUALA LUMPUR LETTER BOX NO.86,22ND FLOOR,UBN TOWER,10,
JALAN P.RAMLEE,50250 KUALA LUMPUR. MALAYSIA. TEL:+60-3-2026-8890 FAX:+60-3-2026-8891 NEW DELHI 2A, 2NDFL. LOTUS TOWERS,NEW FRIENDS COLONY,
NEW DELHI 110 065, INDIA TEL:+91-11-4132-8031/8034 FAX:+91-11-4132-8039 SHANGHAI 38TH FLOOR XIN MEI UNION SQUARE 999 SOUTH
PUDONG ROAD, PUDONG NEW AREA SHANGHAI 200120, PR CHINA TEL:+86-21-5877-8696 FAX:+86-21-5877-5938 |
|
Overseas Branch |
HANOI 1101, DAEHA BUSINESS CENTER, 360 KIM MA, BA
DINH DISTRICK, HANOI, VIETNAM TEL:+84-4-273-0545/0548 FAX:+84-4-273-0550 BANGKOK 10TH FLOOR, M-THAI TOWER, WIRELESS ROAD,
BANGKOK, THAILAND TEL:+66-2-654-0690~2 FAX:+66-2-654-0693 MUMBAI 1109&1110, 11TH FLOOR, MAKER
CHAMBERS-V, NARIMAN POINT, MUMBAI 400021, INDIA TEL:+91-22-2202-6505-6516/7842
FAX:+91-22-2202-6557 TOKYO ROOM2410,MITA KOKUSAI BLD.1-4-28, MITA
MINATO-KU, TOKYO, JAPAN 108-0073 TEL:+81-3-3452-5451~3 FAX:+81-3-3452-5624 ABU DHABI P.O. BOX 27767 AL GHAITH TOWER, SUITE 508,
HAMDAN STREET, ABU DHABI, UAE TEL:+971-2-627-6273 FAX:+971-2-627-6274 RIYADH P.O. BOX 9656 RIYADH 11423, SAUDI ARABIA TEL:+966-1-419-1920/1696
FAX:+966-1-419-1995 DUBAI OFFICE NO. 308, AL SERKAL BUIDING, AIRPORT
ROAD, PO BOX 11859, DHABI, UNITED ARAB EMIRATES TEL:+971-2-627-6273 FAX:+971-2-627-6274 KUWAIT SABAH AL-SALEM AREA, BLOCK 4 STREET 24,
VILLA 15, KUWAIT TEL:+965-551-8436 FAX:+965-551-8453 |
|
Subsidiary |
DOOSAN ENGINE CO., LTD(194211-0038423) (51.00% held by the subject company) DOOSAN MECATEC CO., LTD.(110111-0126022) (100.0% held by the subject company) N.SHAPER CO., LTD .(110111-1943574) (80.52% held by the subject company) DOOSAN IMGB 104 BERCENI ROAD, BUCHAREST 4, ROMANIA DOOSAN IMGB DOOSAN BABCOCK ENERGY DOOSAN BABCOCK ENERGY PORTERFIELD ROAD,
RENFREW UK, PA4 8DJ TEL:+44(0) 141-886-4141 FAX:+44(0)
141-885-3338 DOOSAN HF CONTROLS 1624 W, CROSBY RD, SUITE 124 CARROLLTON, TX
75006, USA TEL:+1-469-568-6500 1-866-501-9954
FAX:+1-469-568-6599 DOOSAN HYDRO TECHNOLOGY 912 CHAD LANE, TAMPA, FL 33619, USA TEL:+1-813-549-0182 FAX:+1-813-623-6666 CHICO ORUWALA ATHURUGIRIYA, SRI LANKA TEL:+94-114-440031/032 FAX:+94-114-440030 HPL P.O. BOX 2803, BOROKO, NCD PORT MORESBY, PAPUA NEW GUINEA TEL:+675-320-0529 FAX:+675-321-2984 HANVICO 933 TON DUC THANG STREET HONG BANG DISTRICT
HAI PHONG, VIETNAM TEL:+84-31-712-708/711
FAX:+84-31-712-714/715 DOOSAN E&S DOOSAN ENGINEERING & SERVICES INDIA
PVT. LTD. 3RD FLOOR BUILDING 8, DLF CYBER CITY BACK
SIDE OF INFINITY TOWER, GURGAON HARYANA, INDIA TEL:+91-124-439-8200 FAX:+91-124-414-7006 DOOSAN VINA DOOSAN HEAVY INDUSTRIES VIETNAM CO., LTD. NO.1 AN DUONG VUONG STREET, QUANGNGAI CITY,
QUANGNGAI PROVINCE, VIETNAM TEL:+84-55-713-001 FAX:+84-55-713-008 |
|
Cooperative Enterprise |
-Technical Support MHI-JAPAN WESTINGHOUSE ALSTOM POWER, INC GE ALSTOM HYDRO ALSTOM HYDRAULIQUE SA |
Sales by
Region (Activity &
Markets)
|
Sales/ Unit : KRW |
2007 |
2006 |
|
Export |
2,007,134,198,805 |
1,320,750,741,434 |
|
Domestic |
2,082,408,025,656 |
2,187,914,598,395 |
|
Total |
4,089,542,224,461 |
3,508,665,339,829 |
The Subject exports
to China, India, USA and Middle East.
Court
Action
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
|
Korea South-East Power Co., Ltd.(110111-2207119) |
The Subject Company |
Claim for Damages from Operating Loss due to Youngheung Fossil Power
Plant |
88,821,000,000 KRW |
Claim Proceeding |
(*)There are the proceeding
cases filed amounting 20,365,000,000 KRW except for the above case.
News
Clipping
DOOSAN GROUP
LOOKING TO SELL ITS LIQUOR DIVISION
JOONGANGILBO &
JOINS.COM:12/05/2008
The Doosan Group
said yesterday it is in the process of reviewing options for selling its liquor
division which includes popular soju brand Cheoum Cheoreom.
After deciding to
sell Doosan Techpack BG in November, the company said yesterday that it has
been getting many offers from different companies interested in the liquor division.
“We are reviewing
plans to sell although nothing is set in stone at the moment,” said a company
official.
According to
industry experts, Doosan is reviewing M&A offers from private equity firms
Affinity Equity Partners and MBK Partners, which bought Doosan Techpack BG.
Lotte Chilsung
Beverages Co., a subsidiary of Korea’s fifth-largest conglomerate, Lotte Group,
and Diageo Korea, the local unit of the U.S.-based spirits company, are also
reported as potential buyers.
Estimates of the
amount Doosan will sell this division for are from around 600 billion won ($406
million) to 1 trillion won.
In 1998 the group
sold its beer division, Oriental Brewery, to Belgian brewer InBev to
concentrate on developing Doosan Heavy Industries and Construction.
It spent a major
part of the money from this sell to bulk up Doosan Heavy and Doosan Infracore.
Although there were
ongoing rumors that Doosan would sell its liquor business to increase its
liquidity, the company has been denying this.
At the moment, Jinro
is the leader in the Korean soju market with 51 percent market share, while
Doosan has 13 percent.
Doosan’s liquor
brands also include Green soju and Majuang wine, as well as Cheoum Cheoreom.
By Cho Jae-eun
Staff Reporter [jainnie@joongang.co.kr]
- Copyrights ⓒ JoongangIlbo &
Joins.com, All rights reserved. –
DOOSAN SIGNS WITH
LEADING U.S. WATER TREATMENT COMPANY
MAEIL BUSINESS
NEWSPAPER & MK.CO.KR:12/04/2008
Doosan Heavy
Industries & Construction signed a technical license agreement with U.S.
water treatment engineering company Carollo in San Francisco and agreed upon
mutual cooperation in future bids for related projects, the company announced
on Thursday.
Carollo, which was first
established in 1993, presently holds 27 offices in 12 states, and has engaged
in 15,000 water treatment projects in the U.S. alone, posting a revenue of $250
million last year.
Following this
agreement, Doosan will join together with Carollo to win bids for future water
treatment projects and also collaborate in the whole process of the project,
ranging over a wide scope of design and engineering, construction, management
and services.
For starters, the
two companies will seek bids for water treatment projects in China, India and
the Middle East next year.
Doosan Heavy
Industries & Construction perceives the water treatment industry as a
solution to resolve worldwide environmental pollution and water shortage, and
thus looks to promote this business as a future growth engine.
The water treatment
business, which purifies waste water or sewage into water acceptable for
industrial process and domestic water usage, is currently worth approximately
$3.3 billion in the world market, but as it is expected to grow more than 15
percent each year, the related industry projects the business to become a $10
billion market by 2015.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.28 |
|
UK Pound |
1 |
Rs.73.43 |
|
Euro |
1 |
Rs.68.22 |
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. |
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%)