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MIRA INFORM REPORT

 

 

Report Date :

22.04.2011

 

IDENTIFICATION DETAILS

 

Name :

LG HAUSYS, LTD.

 

 

Registered Office :

20, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea, 7th Fl., LG Twin Tower 150-721

 

 

Country :

South Korea

 

 

Financials (as on) :

30.09.2010

 

 

Date of Incorporation :

02.04.2009

 

 

Com. Reg. No.:

107-87-18122

 

 

Legal Form :

Listed Company

 

 

Line of Business :

Manufacturer of Wall and Floor Coverings of Plastics

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

Litigation :

Exists

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

South Korea

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Basic

 

Company Name

LG HAUSYS, LTD.

(Korean Company Name : “(주)엘지하우시스”)

Registered Address

20, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea

Building

7th Fl., LG Twin Tower

Zip Code

150-721

Tel

+82-2-3777-1114

Fax

+82-2-3773-7040

sE-mail

hysind@lghausys.com;kbrmiki@lghausys.com;puruz@lghausys.com

mcchun@lghausys.com;alexandre@lghausys.com;jmohb@lghausys.com

lgchem@lghausys.com;shminb@lghausys.com

Website

www.lghausys.co.kr

Trading Address

7th Fl., LG Twin Tower, 20, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea

Tel

+82-2-3777-1114

Fax

+82-2-3773-7813

Other Address-Cheongju Factory

150,Songjeong-dong, Heungdeok-gu, Cheongju-si, Chungbuk-do 361-721 Korea

Tel

+82-43-261-7114

Fax

+82-43-261-7136

Other Address-Ulsan Factory

388, Mangyang-ri, Onyang-eup, Ulju-gun, Ulsan 689-901 Korea

Tel

+82-52-231-4114

Fax

+82-51-231-4382

Other Address-Onsan Factory

580, Hwasan-ri, Onsan-eup, Jlju-gun, Ulsan 689-896 Korea

Tel

+82-52-231-5114

Fax

+82-52-231-5007

Type

Export/Import

Industry

Manufacture of Plastic Windows and Doors

  Main Business

PVC Window & Doors, Flooring Materials, Wallpaper, Artificial Marble, Woods, Deco Sheet, Mats, Tarpaulin, Upholstery Material for Sofa, Automotive Components

  Sub Business

Manufacture of Wall and Floor Coverings of Plastics

Established (mm/dd/yyyy)

04/02/2009

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Films(13111200)

Sell

Pipe(40142100)

Sell

Transportation components and systems(25170000)

Sell

Synthetic or imitation leather(11162307)

Sell

Flooring(30161700)

Sell

Wall finishing materials(30161500)

Sell

Restroom partitions(30181508)

Sell

Films(13111200)

Sell

Tiles and flagstones(30131700)

Sell

Window frames(30171900)

Sell

Doors(30171500)

Sell

Rugs and mats(52101500)

Sell

Door frames(30171507)

Sell

Billboard advertising(82101501)

Sell

Additives(12160000)

Sell

Heating equipment and parts and accessories(40101800)

Sell

Molding(30161906)

 

 

CEO’s

 

Name

Han Myeung-Ho

Address

Rm.16-903, 218-1, Gwangjang-dong, Gwangjin-gu, Seoul, Korea

Date of Birth

07/07/1959

Title

Vice-Chairman & CEO

Sex

Male

Nationality

Korean

Date of Birth

07 july 1959 in Seoul, Korea

 

Education

Chemical engineering, Hanyang Uinversity, Seoul, Korea,1983

MBA(Master of Business Administration), University of Washington,USA,1998

 

Career

2009 ~ : CEO of LG Hausys company

2007 ~ : President of Industrial Material Company

2004 ~ : Executive Vice President of Corporate Management Team

2002 ~ : LG Chem Shanghai Trading Co,. China Vice President

2001 ~ : LG Chem Innovation Supporting Leader

 

 

Profiles

 

Capital

50,000,000,000 KRW

Employees

2,721

Formation

Listed Company(Korea stock Exchange : 108670) as of 04/20/2009

A Company of LG Business Group

Bank Details

Woori Bank-Twin Tower Branch

Hana Bank

Corporate Registered No.

110111-4071207

Business Registered No.

107-87-18122

Permit & Licenses

Int’l Trade No.: 30646627

Shareholder Position

Name

Shares

%

LG CORP.(110111-0003543)

3,006,673

33.53

NATIONAL PENSION SERVICE(110171-0007134)

814,849

9.09

MIRAE ASSET INVESTMENT MANAGEMENT CO., LTD.(110111-1441685)

442,450

4.93

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

692,369

7.72

OTHERS

4,011,329

44.73

TOTAL

8,967,670

100.00

Company History

04/01/2009 Spin off from LG CHEM LTD.(110111-2207995) by taking the Industrial Material Business Division

04/02/2009 Incorporated as LG HAUSYS, LTD.(110111-4071207)

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Vice-Chairman & CEO

Mr.

Han Myeung-Ho

Male

Korean

04/02/2009

Director

Mr.

Cho Joon-Ho

Male

Korean

04/02/2009

Director

Mr.

Kim Hong-Ki

Male

Korean

04/02/2009

Director

Mr.

Kim Bong-Soo

Male

Korean

04/02/2009

Outside Director

Mr.

Oh Chan-Seok

Male

Korean

04/02/2009

Outside Director

Mr.

Kim Hyun

Male

Korean

04/02/2009

Outside Director

Mr.

Kim Myung-Hwan

Male

Korean

04/02/2009

 

 

Financials                                            

 

 

 

 

    Unit: KRW

Year

Sales

Assets

Net income

09/2010

1,464,483,000,000

1,373,233,000,000

34,182,000,000

2009

 

1,315,122,000,000

 

 

 

Financial Description                                  

 

 

     Unit: KRW

Authorized Capital

175,000,000,000

Paid-Up Capital

50,000,000,000

Total Issues Shares

10,000,000(Common : 8,967,670, Preferable : 1,032,330)

 

 

Balance Sheet

 

Unit : Million Korean Won

01/01/2010~09/30/2010

As of 12/31/2009

As of 12/31/2008

Total Assets

1,373,233

1,315,122

 

Current Assets

704,812

701,740

 

Cash & Cash Equivalents

135,438

205,283

 

Trade Receivables

388,004

387,718

 

Account Receivables & Other Receivables

89,757

37,121

 

Prepaid Income Taxes

-

2,758

 

Current  Financial Instruments

4

4

 

Other Current Assets

9,995

6,404

 

Inventories

81,614

62,452

 

Non-Current Assets

667,324

611,983

 

Long-Term Trade Receivables & Other Receivables

3,751

3,535

 

Long-Term Loan & Others

13,850

13,676

 

Non-Current Financial Instruments

1,939

1,618

 

Investment_Subsidiaries

119,432

107,476

 

Deferred Income Tax Assets

26,513

23,729

 

Other Non-Current Assets

318

671

 

Tangibles

477,769

441,895

 

Intangibles

23,752

19,383

 

Other Non-Current Assets(Sold-to-be)

1,097

1,399

 

Total Liabilities

660,472

624,403

 

Current Liabilities

437,682

399,899

 

Trade Payables & Other Payables

183,893

187,709

 

Account Payables & Other Payables

134,541

137,905

 

Borrowings

98,406

62,384

 

Current Portion of Provisions

3,747

3,059

 

Accrued Income Tax

7,619

-

 

Other Current Liabilities

9,476

8,842

 

Non-Current Liabilities

222,790

224,504

 

Long-Term Trade Payables & Other Payables

3,166

1,878

 

Borrowings

210,987

210,864

 

Provision for Severance & Retirement

8,637

11,762

 

Capital Stock

50,000

50,000

 

Capital Surplus

621,304

621,304

 

Others

-2,000

-2,000

 

Installments

250

-

 

Profit Surplus

43,207

21,415

 

Total Equity

712,761

690,719

 

Liab. & Shareholder’s Equity

1,373,233

1,315,122

 

 

 

Income Statement

 

Unit : Million Korean Won

01/01/2010~09/30/2010

As of 12/31/2009

As of 12/31/2008

Sales

1,464,483

 

 

Cost of Sold Goods

1,192,348

 

 

Gross Profit

272,135

 

 

Selling & Admin. Expenses

227,126

 

 

Other Operating Income

20,587

 

 

Other Operating Expenses

16,777

 

 

Operating Income

48,819

 

 

Non-Operating Income

-5,192

 

 

Income Before Taxes from Continues Business

43,627

 

 

Income from Continues Business

8,634

 

 

Income from Continues Business

34,993

 

 

Income from Stopped Business

-811

 

 

Net Income

34,182

 

 

 

 

Cash Flows

 

Unit : Million Korean Won

01/01/2010~09/30/2010

As of 12/31/2009

As of 12/31/2008

Operating Activities Cash Flows

              42,928

 

 

Cash Flows from Operating

-

 

 

Interests Received

-

 

 

Interests Paid

-8,398

 

 

Income Taxes

                520

 

 

Dividends Received

10

 

 

Cash Flows from Investing

-140,457

 

 

Cash Inflow from Investing

35,075

 

 

Cash Outflows for Investing

-175,532

 

 

Cash Flows from Financing

28,106

 

 

Cash Inflows from Financing

231,199

 

 

Cash Outflows from Financing

-203,093

 

 

Increase/Decrease in Cash

-69,423

 

 

Cash at the Beginning of Year

205,283

 

 

Cash at the End of Year

135,438

 

 

 

 

Products, Technologies, Services Description

 

Main Products & Services

Window Materials

-PVC Window

-Aluminum Windows

 

Interior Materials

-Flooring

-Wallpapers And Hi-Macs

 

Highly-Functional Materials

-Surface Materials

-Car Parts

 

 

Trade Partners & Competitors

 

Competitors

KUMO HITECH CORPORATION

218-6, YONGAM-RI, EUNHYEON-MYEON, YANGJU-SI, GYEONGGI-DO, KOREA

TEL:+82-31-861-5300  FAX:+82-31-862-1254

 

PNS THEZONE P.V.C WINDOW & DOOR CO., LTD.

272-7, HAKJANG-DONG, SASANG-GU, BUSAN, KOREA

TEL:+82-51-316-5900  FAX:+82-51-315-0777

 

SHINE SYSTEM CO., LTD.

GUEMSEONG NONG GONG DANJI, 749, HASIN-RI, GEUMSEONG-MYEON, GEUMSAN-GUN, CHUNGCHEONGNAM-DO, KOREA

TEL:+82-41-753-8610  FAX:+82-41-754-8614

 

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates-Domestic

LG CORP.(110111-0003543)

LG ELECTRONICS INC.(110111-2487050)

LG DACOM CORPORATION(110111-0315948)

LG INTERNATIONAL CORP(110111-0004632)

LG CHEM LTD.(110111-2207995)

LG HOUSEHOLD & HEALTH CARE LTD.(110111-2208000)

LG LIFE SCIENCES CO.,  LTD.(110111-2581183)

LG DISPLAY CO., LTD.(110111-0393134)

LG TELECOM CO., LTD.(110111-1296676)

LG INNOTEK CO., LTD.(110111-0192180)

LG MICRON LTD.(175311-0001075)

LG DOW POLYCARBONATE CO., LTD.(206211-0014519)

LG CNS CO., LTD.(110111-0516695)

LG SPORTS CO., LTD.(110111-0359300)

LG MANAGEMENT DEVELOPMENT INSTITUTE CO., LTD.(110111-0423494)

SILTRON INCORPORATED(175311-0001348)

LG MMA CORPORATION(206211-0001805)

DACOM MULTIMEDIA INTERNET CORPORATION(110111-1905441)

DACOM CROSSING CORPORATION(110111-2234683)

SERVEONE(110111-2411520)

LG N SYS CO., LTD.(110111-2397027)

HIPLAZA CO., LTD.(131111-0028801)

LG POWERCOM CORPORATION(110111-1863889)

HI BUSINESS LOGISTICS CO.,LTD.

V-ENS CO., LTD.(120111-0334897)

LUSEM CO., LTD.(176011-0038073)

CS LEADER CO., LTD.(110111-2271924)

AIN TELE SERVICE CO., LTD.(180111-0367581)

BIZ TECH & EKTIMO CO., LTD.(110111-2689507)

LG SOLAR ENERGY INC.(110111-3759408)

COCA-COLA BEVERAGE CO., LTD.(110111-1342130)

UCESS PARTNERS CO., LTD.(110111-3798026)

SYSTEM AIR-CON ENGINEERING INCORPORATION(110111-3371989)

JIHEUNG CO., LTD.(180111-0630053)

CS ONE PARTNER CORPORATION(110111-3961756)

SEETECH CO., LTD.

TWIN WINE CO., LTD.(110111-3791129)

KOREA COMMERCIAL VEHICLE CO., LTD.(200111-0105200)

GIOVINE CO., LTD.(110111-3942714)

PIXDIX CO., LTD.(110111-3947657)

LG HAUSYS, LTD.(110111-4071207)

Affiliates-Overseas

TIANJIN LG NEW BUILDING MATERIALS CO, LTD.

LG HAUSYS AMERICA, INC.

LG HAUSYS TRADING CO, LTD.

LG HAUSYS EUROPE GMBH

LG HAUSYS RUS, LLC

Affiliates-Overseas

LG INNOTEK HUIZHOU CO.,LTD

SERVEONE(NANJING) COMPANY LIMITED

ARCELIC-LG KLIMA SANAYI VE TICARTE A.S(LGEAT)

BEIJING LG HOUSEHOLD CHEMICAL CO., LTD.

CCKBC(NETHERLANDS)HOLDING Ⅰ BV

CCKBC(NETHERLANDS)HOLDING Ⅱ BV

COMPACT POWER INC.

DACOM AMERICA INC.

DE ZWARTE PONK B.V.(DZP)

EIC PROPERTIES PTE.LTD.

ELECTROMAGNETICA GOLDSTAR S.R.L

EPC MUNAI LLP

FOSCO B.V.

GFTZ LG INTERNATIONAL LTD.

GLOBAL PROFESSIONAL SOURCING CO., LTD

GUANGZHOU NEW VISION TECHNOLOGY RESEARCH AND DEVELOPMENT LIMITED

HANGZHOU LG COSMETICS CO., LTD.

HI LOGISTICS CHINA

HI LOGISTICS EUROPE B.V.

LANCHAO LG(YANTAI)DIGITAL MOBILE TECH& DEVELOP.CO.

INSPUR LG DIGITAL MOBILE COMMUNICATIONS.CO., LTD.

LG (TIMOR SEA 06-102) LTD

LG (YANTAI) INFORMATION & COMMUNICATION TECH.

LG ALINA ELECTONICS(LGERI)

LG CHEM BRASIL INTERMEDICAO DE NEGOCIOS DO SETOR QUIMICO LTDA.

LG CHEM DISPLAY MATERIAL CO., LTD

LG CHEM EUROPE GMBH

LG CHEM INDUSTRIAL MATERIALS INC.

LG CHEM POLAND SP. Z O. O.

LG CHEM TAIWAN, LTD.

LG CHEM(CHINA)INVESTMENT CO.,LTD.

LG CHEM(NANJING) INFO & ELECTRONIC MATERIALS CO. LTD

LG CHEM(TIANJIN) ENGINEERING PLASTICS CO., LTD

LG CHEMICAL AMERICA INC.

LG CHEMICAL HONG KONG LTD.

LG CHEMICAL INDIA PRIVATE LTD.

LG CHEMICAL TRADING CO., LTD

LG CHEMICAL(GUANGZHOU) ENGINEERING PLASTICS CO.,LTD

LG CNS AMERICA, INC

LG CNS BRASIL SERVICOS DE T.I.LTDA

LG CNS CHINA, INC

LG CNS EUROPE B.V

LG CNS GLOBAL PRIVATE LIMITED

Affiliates-Overseas

LG CNS JAPAN, INC

LG CNS PHILIPINES, INC

LG ELCTRONICS NORWAY AS

LG ELECTONICS HUIZHOU LTD.

LG ELECTRONICS (KUNSHAN) COMPUTER CO., LTD.

LG ELECTRONICS (LEVANT) - JORDAN

LG ELECTRONICS (NANJING) PLASMA CO., LTD

LG ELECTRONICS (SHENYANG) INC.(LGESY)

LG ELECTRONICS AFRICA LOGISTICS FZE

LG ELECTRONICS ALAMABA, INC. (LGEAI)

LG ELECTRONICS ALMATY KAZAK CO., LTD.(LGEAK)

LG ELECTRONICS ARGENTINA S.A.(LGEAR)

LG ELECTRONICS AUSTRALIA PTY., LTD. (LGEAP)

LG ELECTRONICS AUSTRIA GMBH

LG ELECTRONICS BENELUX SALES B.V.

LG ELECTRONICS CANADA,INC. (LGECI)

LG ELECTRONICS CHINA CO., LTD. (LGECH)

LG ELECTRONICS COLOMBIA, LTDA.(LGECB)

LG ELECTRONICS CZECH S.R.O.

LG ELECTRONICS DA AMAZONIA LTDA (LGEAZ)

LG ELECTRONICS DE SAO PAULO LTDA. (LGESP)

LG ELECTRONICS DEUTSCHLAND.GMBH. (LGEDG)

LG ELECTRONICS EGYPT CARIO S.A.E (LGEEC)

LG ELECTRONICS EGYPT S.A.E. (LGEEG)

LG ELECTRONICS ESPANA S.A. (LGEES)

LG ELECTRONICS EUROPEAN HOLDINGS B.V.

LG ELECTRONICS EUROPEAN LOGISTICS & SERVICES B.V.

LG ELECTRONICS EUROPEAN SHARED SERVICE CENTER B.V.

LG ELECTRONICS FRANCE S.A.R.L.

LG ELECTRONICS GULF FZE (LGEGF)

LG ELECTRONICS HELLAS S.A

LG ELECTRONICS HK LTD.(LGEHK)

LG ELECTRONICS INC. CHILE LIMITADA

LG ELECTRONICS INDIA (PVT.) LTD. (LGEIL)

LG ELECTRONICS ITALY S.P.A. (LGEIS)

LG ELECTRONICS JAPAN INC. (LGEJP)

LG ELECTRONICS JIT EUROPE B.V

LG ELECTRONICS LATVIA LLC

LG ELECTRONICS MAGYAR KFT. (LGEMK)

LG ELECTRONICS MALAYSIA SDN. BHD.(LGEML)

LG ELECTRONICS MEXICALI, S. A. DE C. V. (LGEMX)

LG ELECTRONICS MEXICO S.A. DE C.V (LGEMS)

LG ELECTRONICS MIDDLE EAST CO., LTD.

LG ELECTRONICS MLAWA SP.ZO.O (LGEMA)

LG ELECTRONICS MOBILE RESEARCH U.S.A. LLC (LGEMR)

LG ELECTRONICS MOBILECOMM FRANCE S.A.S

LG ELECTRONICS MOBLECOMM U.S.A., INC.(LGEMU)

LG ELECTRONICS MONTERREY MEXICO S.A. DE C.V.

LG ELECTRONICS MOROCCO SARL(LGEMC)

LG ELECTRONICS NANJING DISPLAY CO.,LTD

LG ELECTRONICS(HANGZHOU) RECORDING MEDIA CO., LTD

LG ELECTRONICS NIGERIA LIMITED(LGENI)

LG ELECTRONICS NORDIC AB

LG ELECTRONICS OVERSEAS TRADING FZE

LG ELECTRONICS PANAMA S.A. (LGEPS)

LG ELECTRONICS PERU S.A. (LGEPR)

LG ELECTRONICS PHILIPPINES, INC. (LGEPH)

LG ELECTRONICS POLSKA SP.ZO.O (LGEPL)

LG ELECTRONICS PORTUGAL S.A.

LG ELECTRONICS QINHUANGDAO CO.,LTD(LGEQH)

LG ELECTRONICS RAYNOSA, S.A.DE C.V(LGERS)

LG ELECTRONICS ROMANIA S.R.L

LG ELECTRONICS RUS.LLC

Affiliates-Overseas

LG ELECTRONICS RUS-MARKETING, LLC  

LG ELECTRONICS S.A.(PTY) LTD. (LGESA)

LG ELECTRONICS SINGAPORE PTE LTD

LG ELECTRONICS TAIWAN TAIPEI CO., LTD.

LG ELECTRONICS THAILAND CO.,LTD.(LGETH)

LG ELECTRONICS TIANJIN APPLIANCES CO., LTD.

LG ELECTRONICS TICARET A.S

LG ELECTRONICS UKLAINE

LG ELECTRONICS UNITED KINGDOM LTD. (LGEUK)

LG ELECTRONICS USA INC. (LGEUS)

LG ELECTRONICS VIETNAM LTD. (LGESV)

LG ELECTRONICS WALES LTD. (LGEWA)

LG ELECTRONICS WROCLAW SP. ZO.O

LG ELECTRONICS(CHINA) RESEARCH AND DEVELOPMENT CENTER CO., LTD

LG H&H TRADING(SHANGHAI) CO.LTD.

LG HOLDINGS LTD. (LGHK)

LG HOUSEHOLD & HEALTH CARE AMERICA, INC

LG INNOTEK MEXICALI S.A. DE C.V

LG INNOTEK POLAND SP. ZO.O.

LG INNOTEK USA INC.

LG INNOTEK YANTAI CO., LTD

LG INTERNATIONAL AMERICA INC.

LG INTERNATIONAL CORP.(SINGAPORE) PTE. LTD.

LG INTERNATIONAL JAPAN LTD.

LG INTERNATIONAL INVESTMENT (CANADA) LTD.

LG INTERNATIONAL SAUDI LLC

LG INTERNATIONAL(AUSTRALIA) PT'S, LTD.

LG INTERNATIONAL(DEUTCHLAND) GMBH

LG INTERNATIONAL(HK) LIMITED

LG INTERNATIONAL(U.K.) LTD.

LG LIFE SCIENCES INDIA PVT,LTD

LG LIFE SCIENCES POLAND, LTD

LG MICRON(FUJIAN) ELECTRONICS CO.,LTD

LG MICRON(TAIWAN) LTD.

LG MITR ELECTRONICS CO., LTD. (LGEMT)

LG PHILIPS LCD AMERICA INC.

LG PHILIPS LCD GERMANY GMBH

LG PHILIPS LCD HONGKONG CO.,LTD

LG PHILIPS LCD JAPAN CO.LTD.

LG PHILIPS LCD NANJING CO. LTD

LG.PHILIPS LCD SHENZEN CO., LTD.

LG PHILIPS LCD TAIWAN CO. LTD. (LGPLT)

Affiliates-Overseas

LG PROPERTIES PTE. LTD.

LG SOFT INDIA PVT LTD.(LGSI)

LG SOLID SOURCE, LLC

LG VINA CHEMICAL J/V COMPANY

LG VINA COSMETICS

LG.PHILIPS LCD GUANGZHOU CO., LTD.(LPLGZ)

LG.PHILIPS LCD POLAND SP. Z O.O.

LG.PHILIPS LCD SHANGHAI CO., LTD.

LG-SHAKER CO.,LTD

MONGOLIA RESOURCES INVESTMENT LIMITED

NAKHODKA FEZ TELECOMMUNICATIONS CO.LTD.(ROKOTEL)

NANJING LG INTERNATIONAL VMI LTD.CO.

NANJING LG PANDA APPLIANCES CO., LTD. (LGEPN)

NINGBO LG YONGXING CHEMICAL CO., LTD.

PHILCO RESOURCES LIMITED

PT LG CNS INDONESIA

PT LG ELECTRONICS INDONESIA (LGEIN)

PT. BATUBARA GLOBAL ENERGY

PT. GOLDEN HYUNDAI MACHINERY(PT.GHM)

PT. KIMCO ENERGY UTAMA

PT. LG INNOTEK INDONESIA

PT. TUTUI BATUBARA UTAMA

QINGDAO LG INSPUR DIGITAL COMMUNICATION CO., LTD.

RESOURCES INVESTMENT (H.K) LIMITED

SHANGHAI LG ELECTRONICS  CO., LTD. (LGESH)

SILTRON AMERICA, INC.

TAIZHOU LG ELECTRONIC REFRIGERATION CO.LTD(LGETR)

TIANJIN LG BOHAI CHEMICL CO.,LTD.

TIANJIN LG DAGU CHEMICAL CO., LTD.

TIANJIN LG NEW BUILDING MATERIALS CO., LTD.

TRIVENI DIGITAL INC.

V-ENS(M) SDN. BHD.

ZENITH ELECTRONICS CO. (ZENITH)

Joint Venture

LG TOSTEM BM CO., LTD.(110111-4080688)

(51.0% held by the subject company, and 49.0% held by Tostem(Japan))

 

HAUSYS INTERPANE, LTD.( 230111-0168798)

(80.0% held by the subject company, and 20.0% held by INTERPANE(Germany))

Subsidiary

HAUSYS ENG CO., LTD.(110111-4123389)

Cooperative Enterprise

TOSTEM CORPORATION

ARUP

SHAW(USA)

INTERPANE(GERMANY)

 

 

Sales by Region

(Activity & Markets)

Sales/ Unit :Mil KRW

09/2010

2009

2008

Export

634,845

547,347

 

Domestic

1,059,388

1,115,189

 

Total

1,694,233

1,662,536

 

 

The Subject exports to Central & West Europe, CIS, India, Southeast Asia, Japan, Mexico, Central & South America, North America, Russia UK, East and South Europe.

 

 

Court Action

 

Case No.

Court

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

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

Cause

Amount (Million KRW)

Status

 

 

The Subject Company (3 Cases)

 

-

2,125

Proceeding

 

 

 

The Subject Company (2 Cases)

-

909

Proceeding

 

 

News Clipping

 

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FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.33

UK Pound

1

Rs.72.92

Euro

1

Rs.64.69

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.