MIRA INFORM REPORT
|
Report Date : |
16.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
PAIK KWANG INDUSTRAL CO LTD |
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Registered Office : |
31, Soryong-Dong, Gunsan, 573400 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
25.11.1954 |
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Legal Form : |
Public Independent Company |
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Line of Business : |
Manufacturing and Marketing of Chemical Products. |
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No. of. Employee: |
180 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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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 : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
South Korea |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Paik Kwang Industral Co Ltd
31, Soryong-Dong
Gunsan, 573400
Korea, Republic of
Tel: 82-63-4670248
Fax: 82 (63) 467 0247
Synthesis
Employees: 180
Company Type: Public Independent
Traded: Korea
Stock Exchange: 001340
Incorporation Date:
25-Nov-1954
Auditor: Yeil Accounting
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: South
Korean Won
Annual Sales: 307.7
1
Net Income: 18.6
Total Assets: 324.8 2
Market Value: 106.1
(09-Sep-2011)
Business Description
PAIK KWANG
INDUSTRAL CO., LTD. is a Korea-based company engaged in the manufacturing and
marketing of chemical products. The Company operates its business under two
segments: petrochemical and lysine segments. Its petrochemical segment produces
caustic soda, hydrochloric acid, liquid chlorine and sorbitol used in paper
manufacturing, steel, pulp, textile, petrochemical, food and pharmaceutical
industries. Its lysine segment produces lysine used in animal feeds under the
brand name Sewon. For the three months ended 31 March 2011, Paikkwang
Industrial Co., Ltd.'s revenues increased 11% to W96.61B. Net income decreased
26% to W4.31B. Revenues reflect increased domestic and exporting demand for
lysine in lysine segments and increased domestic demand for hydrochloric acid
in petrochemical segment. Net income was offset by inclusion of losses from
sale of tangible assets and inclusion of losses from scrap of trade
receivables.
Industry
Industry Chemical Manufacturing
ANZSIC 2006: 1811 - Industrial
Gas Manufacturing
NACE 2002: 2413 - Manufacture
of other inorganic basic chemicals
NAICS 2002: 325181 - Alkalies
and Chlorine Manufacturing
UK SIC 2003: 2413 - Manufacture
of other inorganic basic chemicals
US SIC 1987: 2812 - Alkalies
and Chlorine
Key Executives
|
Name |
Title |
|
Seong Hun Kim |
Chief Executive Officer, Director |
|
Gi Yeong Lee |
Chief Executive Officer |
|
Ki-Young Lee |
President |
|
Jong Eui Kim |
Director |
|
Jae Hyeon Park |
Non-Executive Independent Director |
Significant Developments
|
Topic |
#* |
Most Recent
Headline |
Date |
|
Officer Changes |
1 |
Paikkwang Industrial Co., Ltd. Appoints
New CEO |
18-Mar-2011 |
|
Business Deals |
1 |
Paikkwang Industrial Co., Ltd. Signs
Contract with BASF Company Limited |
6-Jul-2011 |
|
Products |
1 |
Paikkwang Industrial Co., Ltd. to Invest
KRW 41 Billion in New Facilities |
6-Jul-2011 |
|
Dividends |
2 |
Paikkwang Industrial Co., Ltd. Declares
Annual Cash Dividend for FY 2010 |
22-Feb-2011 |
* number of significant developments within the last 12 months
Financial Summary
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As of 30-Jun-2011 |
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Stock Snapshot
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1 - Profit & Loss Item Exchange Rate: USD 1 = KRW 1156.282
2 - Balance Sheet Item Exchange Rate: USD 1 = KRW 1134.9
Corporate Overview
Location
31, Soryong-Dong
Gunsan, 573400
Korea, Republic of
Tel: 82-63-4670248
Fax: 82 (63) 467 0247
Quote Symbol - Exchange
001340 - Korea
Stock Exchange
Sales KRW(mil): 355,826.1
Assets KRW(mil): 368,582.0
Employees: 180
Fiscal Year End: 31-Dec-2010
Industry: Chemical
Manufacturing
Incorporation Date: 25-Nov-1954
Company Type: Public
Independent
Quoted Status: Quoted
Chief Executive Officer,
Director: Seong
Hun Kim
Company Web Links
· Company Contact/E-mail
· Corporate History/Profile
· Home Page
· Products/Services
Contents
· Industry Codes
· Business Description
· Financial Data
· Market Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1813 - Basic Inorganic Chemical Manufacturing
1812 - Basic Organic Chemical Manufacturing
1811 - Industrial Gas Manufacturing
NACE 2002 Codes:
2414 - Manufacture of other organic basic chemicals
2413 - Manufacture of other inorganic basic chemicals
NAICS 2002 Codes:
325181 - Alkalies and Chlorine Manufacturing
325199 - All Other Basic Organic Chemical Manufacturing
325188 - All Other Basic Inorganic Chemical Manufacturing
US SIC 1987:
2819 - Industrial Inorganic Chemicals, Not Elsewhere Classified
2869 - Industrial Organic Chemicals, Not Elsewhere Classified
2812 - Alkalies and Chlorine
UK SIC 2003:
2413 - Manufacture of other inorganic basic chemicals
2414 - Manufacture of other organic basic chemicals
Business
Description
PAIK KWANG
INDUSTRAL CO., LTD. is a Korea-based company engaged in the manufacturing and
marketing of chemical products. The Company operates its business under two
segments: petrochemical and lysine segments. Its petrochemical segment produces
caustic soda, hydrochloric acid, liquid chlorine and sorbitol used in paper
manufacturing, steel, pulp, textile, petrochemical, food and pharmaceutical
industries. Its lysine segment produces lysine used in animal feeds under the
brand name Sewon. For the three months ended 31 March 2011, Paikkwang
Industrial Co., Ltd.'s revenues increased 11% to W96.61B. Net income decreased
26% to W4.31B. Revenues reflect increased domestic and exporting demand for lysine
in lysine segments and increased domestic demand for hydrochloric acid in
petrochemical segment. Net income was offset by inclusion of losses from sale
of tangible assets and inclusion of losses from scrap of trade receivables.
More Business
Descriptions
Production of caustic soda and hydrochloric acid and other chemicals
used in the textile, steel and food industries
All Other Chemical Product and Preparation Manufacturing
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Executive report
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Board of
Directors |
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Director |
Director/Board Member |
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Chief Executive Officer, Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Chief Executive Officer, Director |
Chief Executive Officer |
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Chief Executive Officer |
Chief Executive Officer |
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President |
President |
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Paikkwang Industrial Co., Ltd. Signs Contract with BASF Company Limited Jul 06, 2011
Paikkwang Industrial Co., Ltd. announced that it has signed a contract with
BASF Company Limited to supply chlorine, caustic soda and hydrochloric acid.
The contract amount is KRW 23 billion.
Paikkwang Industrial Co., Ltd. to Invest KRW 41 Billion in New Facilities Jul 06, 2011
Paikkwang Industrial Co., Ltd. announced that it will invest KRW 41 billion in
new facilities and relocating some facilities of Seoul factory, during the
period of August 1, 2011 to June 30, 2011.
Paikkwang Industrial Co., Ltd. Appoints New CEO Mar 18, 2011
Paikkwang Industrial Co., Ltd. announced that it has appointed Kim Seong Hun as
its new Chief Executive Officer, replacing Lee Gi Yeong, effective March 18,
2011.
Paikkwang Industrial Co., Ltd. Declares Annual Cash Dividend for FY 2010 Feb 22, 2011
Paikkwang Industrial Co., Ltd. announced that it has declared an annual cash
dividend of KRW 350 per share of common stock to shareholders of record on
December 31, 2010, for the fiscal year 2010. The dividend rate of market price
is 0.81% and the total amount of the cash dividend is KRW 914,254,950. The
dividend payment date is April 15, 2011. The Company's annual cash dividend for
the fiscal year 2009 was KRW 250 per share.
Paikkwang Industrial Co., Ltd. Declares Annual Stock Dividend for FY 2010 Dec 17, 2010
Paikkwang Industrial Co., Ltd. declared its fiscal year 2010 annual stock
dividend of 130,607 shares on its common stock to shareholders of record on
December 31, 2010. Each holder of common stock of the Company on the record
date will be entitled to receive 0.05 additional common shares.
Annual Income Statement
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Yeil Accounting |
Yeil Accounting |
Yeil Accounting |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
307.7 |
244.5 |
209.4 |
91.4 |
93.6 |
|
Revenue |
307.7 |
244.5 |
209.4 |
91.4 |
93.6 |
|
Other Revenue |
- |
0.2 |
0.4 |
0.6 |
0.5 |
|
Other Revenue, Total |
- |
0.2 |
0.4 |
0.6 |
0.5 |
|
Total Revenue |
307.7 |
244.7 |
209.8 |
92.0 |
94.1 |
|
|
|
|
|
|
|
|
Cost of Revenue |
247.7 |
201.1 |
167.7 |
70.0 |
73.0 |
|
Cost of Revenue, Total |
247.7 |
201.1 |
167.7 |
70.0 |
73.0 |
|
Gross Profit |
60.0 |
43.4 |
41.7 |
21.4 |
20.6 |
|
|
|
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|
|
|
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Selling/General/Administrative
Expense |
28.7 |
22.3 |
21.8 |
11.2 |
10.5 |
|
Labor & Related Expense |
3.5 |
2.8 |
2.3 |
3.3 |
1.8 |
|
Advertising Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Selling/General/Administrative Expenses |
32.2 |
25.1 |
24.1 |
14.5 |
12.4 |
|
Depreciation |
1.1 |
0.9 |
0.6 |
0.7 |
0.5 |
|
Amortization of Intangibles |
0.6 |
0.4 |
0.0 |
0.0 |
0.0 |
|
Depreciation/Amortization |
1.6 |
1.2 |
0.6 |
0.7 |
0.5 |
|
Investment
Income - Operating |
1.5 |
- |
- |
- |
- |
|
Interest/Investment Income -
Operating |
1.5 |
- |
- |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
1.5 |
- |
- |
- |
- |
|
Loss (Gain) on Sale of Assets -
Operating |
0.0 |
- |
- |
- |
- |
|
Unusual Expense (Income) |
0.0 |
- |
- |
- |
- |
|
Other Operating Expense |
0.6 |
- |
- |
- |
- |
|
Other, Net |
-0.2 |
- |
- |
- |
- |
|
Other Operating Expenses, Total |
0.4 |
- |
- |
- |
- |
|
Total Operating Expense |
283.5 |
227.4 |
192.5 |
85.2 |
85.9 |
|
|
|
|
|
|
|
|
Operating Income |
24.2 |
17.3 |
17.3 |
6.8 |
8.2 |
|
|
|
|
|
|
|
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Interest
Expense - Non-Operating |
-2.5 |
-3.0 |
-3.5 |
-0.8 |
-0.6 |
|
Interest Expense, Net
Non-Operating |
-2.5 |
-3.0 |
-3.5 |
-0.8 |
-0.6 |
|
Interest
Income - Non-Operating |
0.4 |
0.3 |
0.4 |
0.1 |
0.1 |
|
Investment
Income - Non-Operating |
0.0 |
1.0 |
-1.8 |
0.0 |
0.2 |
|
Interest/Investment Income -
Non-Operating |
0.4 |
1.3 |
-1.5 |
0.1 |
0.3 |
|
Interest Income (Expense) - Net Non-Operating Total |
-2.1 |
-1.7 |
-5.0 |
-0.7 |
-0.2 |
|
Gain (Loss) on Sale of Assets |
-0.3 |
-2.9 |
-1.6 |
-0.9 |
-0.3 |
|
Other Non-Operating Income
(Expense) |
- |
-0.3 |
-0.1 |
0.0 |
-0.8 |
|
Other, Net |
- |
-0.3 |
-0.1 |
0.0 |
-0.8 |
|
Income Before Tax |
21.8 |
12.4 |
10.6 |
5.2 |
6.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
3.4 |
1.9 |
2.7 |
1.4 |
1.8 |
|
Income After Tax |
18.4 |
10.5 |
7.9 |
3.8 |
4.9 |
|
|
|
|
|
|
|
|
Minority Interest |
0.2 |
- |
- |
- |
- |
|
Net Income Before Extraord Items |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
Net Income |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
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|
|
|
|
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Income Available to Common Excl Extraord Items |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
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Income Available to Common Incl Extraord Items |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
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Basic/Primary Weighted Average Shares |
2.6 |
2.6 |
2.5 |
2.2 |
2.2 |
|
Basic EPS Excl Extraord Items |
7.11 |
4.03 |
3.20 |
1.75 |
2.28 |
|
Basic/Primary EPS Incl Extraord Items |
7.11 |
4.03 |
3.20 |
1.75 |
2.28 |
|
Diluted Net Income |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
Diluted Weighted Average Shares |
2.6 |
2.6 |
2.5 |
2.2 |
2.2 |
|
Diluted EPS Excl Extraord Items |
7.11 |
4.03 |
3.20 |
1.75 |
2.28 |
|
Diluted EPS Incl Extraord Items |
7.11 |
4.03 |
3.20 |
1.75 |
2.28 |
|
Dividends per Share - Common Stock Primary Issue |
0.30 |
0.19 |
0.52 |
0.51 |
0.55 |
|
Gross Dividends - Common Stock |
0.8 |
0.5 |
1.4 |
1.0 |
1.2 |
|
Interest Expense, Supplemental |
2.5 |
3.0 |
3.5 |
0.8 |
0.6 |
|
Depreciation, Supplemental |
13.5 |
10.9 |
9.1 |
6.2 |
6.0 |
|
Total Special Items |
0.3 |
2.9 |
1.6 |
0.9 |
0.3 |
|
Normalized Income Before Tax |
22.1 |
15.3 |
12.2 |
6.1 |
7.1 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.1 |
0.4 |
0.4 |
0.3 |
0.1 |
|
Inc Tax Ex Impact of Sp Items |
3.4 |
2.3 |
3.1 |
1.6 |
1.9 |
|
Normalized Income After Tax |
18.7 |
13.0 |
9.2 |
4.4 |
5.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
18.8 |
13.0 |
9.2 |
4.4 |
5.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
7.21 |
4.97 |
3.69 |
2.06 |
2.40 |
|
Diluted Normalized EPS |
7.21 |
4.97 |
3.69 |
2.06 |
2.40 |
|
Amort of Intangibles, Supplemental |
0.2 |
0.2 |
0.2 |
0.0 |
0.0 |
|
Rental Expenses |
0.2 |
0.1 |
0.0 |
- |
- |
|
Advertising Expense, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Research & Development Exp, Supplemental |
0.2 |
- |
- |
0.0 |
0.0 |
|
Normalized EBIT |
25.7 |
17.3 |
17.3 |
6.8 |
8.2 |
|
Normalized EBITDA |
39.4 |
28.4 |
26.6 |
12.9 |
14.1 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
Yeil Accounting |
Yeil Accounting |
Yeil Accounting |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
12.6 |
13.7 |
7.1 |
1.5 |
1.9 |
|
Short Term Investments |
15.5 |
2.6 |
0.0 |
0.1 |
0.0 |
|
Cash and Short Term Investments |
28.1 |
16.3 |
7.2 |
1.6 |
2.0 |
|
Accounts
Receivable - Trade, Gross |
44.6 |
41.2 |
39.8 |
15.5 |
16.3 |
|
Provision
for Doubtful Accounts |
-0.9 |
-0.9 |
-0.4 |
-0.4 |
-0.3 |
|
Trade Accounts Receivable - Net |
43.9 |
40.3 |
39.4 |
15.1 |
16.0 |
|
Other Receivables |
2.7 |
2.6 |
0.1 |
2.5 |
0.6 |
|
Total Receivables, Net |
46.6 |
43.0 |
39.4 |
17.6 |
16.6 |
|
Inventories - Finished Goods |
6.6 |
5.5 |
9.8 |
0.8 |
1.1 |
|
Inventories - Work In Progress |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Inventories - Raw Materials |
4.8 |
4.6 |
4.5 |
0.9 |
0.7 |
|
Inventories - Other |
20.4 |
7.7 |
14.6 |
1.0 |
2.0 |
|
Total Inventory |
31.9 |
17.9 |
28.9 |
2.7 |
3.8 |
|
Prepaid Expenses |
0.8 |
1.3 |
1.6 |
0.0 |
0.0 |
|
Deferred Income Tax - Current
Asset |
- |
0.0 |
0.2 |
0.2 |
0.2 |
|
Other Current Assets |
0.0 |
- |
- |
- |
- |
|
Other Current Assets, Total |
0.0 |
0.0 |
0.2 |
0.2 |
0.2 |
|
Total Current Assets |
107.3 |
78.5 |
77.3 |
22.1 |
22.5 |
|
|
|
|
|
|
|
|
Buildings |
32.4 |
25.2 |
27.1 |
19.9 |
19.0 |
|
Land/Improvements |
108.7 |
121.2 |
30.7 |
36.9 |
32.2 |
|
Machinery/Equipment |
116.5 |
99.2 |
81.1 |
63.2 |
56.9 |
|
Construction
in Progress |
5.1 |
0.8 |
0.8 |
6.2 |
3.0 |
|
Other
Property/Plant/Equipment |
0.0 |
- |
- |
- |
- |
|
Property/Plant/Equipment - Gross |
262.7 |
246.4 |
139.7 |
126.2 |
111.1 |
|
Accumulated Depreciation |
-73.1 |
-58.5 |
-44.9 |
-49.9 |
-44.1 |
|
Property/Plant/Equipment - Net |
189.6 |
187.9 |
94.8 |
76.4 |
67.0 |
|
Intangibles, Net |
4.0 |
1.8 |
1.9 |
0.0 |
0.0 |
|
LT Investment - Affiliate
Companies |
- |
6.9 |
0.1 |
0.2 |
0.1 |
|
LT Investments - Other |
22.3 |
1.2 |
1.2 |
1.0 |
0.8 |
|
Long Term Investments |
22.3 |
8.2 |
1.3 |
1.2 |
0.8 |
|
Note Receivable - Long Term |
- |
- |
0.0 |
0.0 |
- |
|
Deferred Income Tax - Long Term
Asset |
- |
- |
0.0 |
- |
0.0 |
|
Other Long Term Assets |
1.5 |
2.5 |
2.1 |
1.2 |
0.2 |
|
Other Long Term Assets, Total |
1.5 |
2.5 |
2.1 |
1.2 |
0.2 |
|
Total Assets |
324.8 |
278.8 |
177.4 |
100.9 |
90.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
13.8 |
7.9 |
18.3 |
8.6 |
6.1 |
|
Accrued Expenses |
10.6 |
10.4 |
8.5 |
2.0 |
1.8 |
|
Notes Payable/Short Term Debt |
47.9 |
40.5 |
50.1 |
15.7 |
9.7 |
|
Current Portion - Long Term Debt/Capital Leases |
6.7 |
4.4 |
0.2 |
2.4 |
0.3 |
|
Dividends Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Customer Advances |
0.3 |
0.5 |
0.0 |
0.0 |
0.0 |
|
Security Deposits |
3.8 |
3.2 |
1.2 |
1.6 |
1.7 |
|
Income Taxes Payable |
2.4 |
0.9 |
2.0 |
0.5 |
1.6 |
|
Other Payables |
3.1 |
0.6 |
0.3 |
0.6 |
0.4 |
|
Other Current Liabilities |
0.3 |
0.1 |
0.1 |
0.3 |
0.5 |
|
Other Current liabilities, Total |
9.9 |
5.2 |
3.6 |
3.1 |
4.2 |
|
Total Current Liabilities |
88.8 |
68.4 |
80.6 |
31.7 |
22.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
39.8 |
39.3 |
29.4 |
1.5 |
3.0 |
|
Total Long Term Debt |
39.8 |
39.3 |
29.4 |
1.5 |
3.0 |
|
Total Debt |
94.4 |
84.2 |
79.7 |
19.5 |
13.1 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
19.7 |
19.6 |
- |
0.0 |
- |
|
Deferred Income Tax |
19.7 |
19.6 |
- |
0.0 |
- |
|
Minority Interest |
1.0 |
- |
- |
- |
- |
|
Pension Benefits - Underfunded |
0.1 |
0.0 |
0.0 |
0.6 |
0.4 |
|
Other Long Term Liabilities |
0.1 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Other Liabilities, Total |
0.3 |
0.2 |
0.2 |
0.8 |
0.6 |
|
Total Liabilities |
149.6 |
127.5 |
110.1 |
34.0 |
25.8 |
|
|
|
|
|
|
|
|
Common Stock |
11.9 |
11.1 |
10.3 |
10.6 |
10.7 |
|
Common Stock |
11.9 |
11.1 |
10.3 |
10.6 |
10.7 |
|
Additional Paid-In Capital |
40.1 |
39.1 |
36.1 |
36.6 |
36.8 |
|
Retained Earnings (Accumulated Deficit) |
53.5 |
33.5 |
21.5 |
20.6 |
18.1 |
|
Treasury Stock - Common |
-0.7 |
-0.7 |
-0.6 |
-0.8 |
-0.9 |
|
Unrealized Gain (Loss) |
70.4 |
- |
- |
- |
- |
|
Translation Adjustment |
-0.1 |
-0.3 |
0.0 |
- |
- |
|
Other Equity |
0.0 |
68.6 |
- |
- |
- |
|
Other Equity, Total |
-0.1 |
68.3 |
0.0 |
- |
- |
|
Total Equity |
175.1 |
151.3 |
67.3 |
66.9 |
64.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
324.8 |
278.8 |
177.4 |
100.9 |
90.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock
Primary Issue |
2.6 |
2.6 |
2.6 |
2.0 |
2.2 |
|
Total Common Shares Outstanding |
2.6 |
2.6 |
2.6 |
2.0 |
2.2 |
|
Treasury Shares - Common Stock Primary Issue |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employees |
180 |
177 |
177 |
90 |
89 |
|
Number of Common Shareholders |
878 |
697 |
697 |
616 |
517 |
|
Accumulated Intangible Amort, Suppl. |
0.7 |
- |
- |
- |
- |
|
Deferred Revenue - Current |
0.3 |
0.5 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Debt, Supplemental |
46.5 |
43.7 |
29.6 |
3.9 |
3.4 |
|
Long Term Debt Maturing within 1 Year |
6.7 |
4.4 |
0.2 |
2.4 |
0.3 |
|
Long Term Debt Maturing in Year 2 |
8.2 |
6.2 |
4.9 |
0.3 |
2.4 |
|
Long Term Debt Maturing in Year 3 |
9.3 |
8.1 |
5.9 |
0.3 |
0.3 |
|
Long Term Debt Maturing in Year 4 |
10.0 |
8.7 |
5.8 |
0.3 |
0.3 |
|
Long Term Debt Maturing in Year 5 |
- |
8.7 |
- |
- |
- |
|
Long Term Debt Maturing in 2-3 Years |
17.6 |
14.3 |
10.8 |
0.6 |
2.7 |
|
Long Term Debt Maturing in 4-5 Years |
10.0 |
17.4 |
5.8 |
0.3 |
0.3 |
|
Long Term Debt Matur. in Year 6 & Beyond |
12.2 |
7.7 |
12.7 |
0.6 |
0.1 |
Annual Cash Flows
Financials in: USD
(mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Yeil Accounting |
Yeil Accounting |
Yeil Accounting |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
18.4 |
10.5 |
7.9 |
3.8 |
4.9 |
|
Depreciation |
13.5 |
10.9 |
9.1 |
6.2 |
6.0 |
|
Depreciation/Depletion |
13.5 |
10.9 |
9.1 |
6.2 |
6.0 |
|
Amortization of Intangibles |
0.2 |
0.2 |
0.2 |
0.0 |
0.0 |
|
Amortization |
0.2 |
0.2 |
0.2 |
0.0 |
0.0 |
|
Deferred Taxes |
0.0 |
0.4 |
-0.1 |
0.0 |
0.0 |
|
Unusual Items |
0.0 |
2.9 |
1.4 |
0.6 |
0.3 |
|
Equity in Net Earnings (Loss) |
- |
-1.4 |
0.0 |
-0.1 |
0.1 |
|
Other Non-Cash Items |
6.0 |
0.3 |
1.9 |
2.0 |
1.5 |
|
Non-Cash Items |
6.0 |
1.8 |
3.3 |
2.6 |
2.0 |
|
Accounts Receivable |
8.1 |
1.3 |
-31.4 |
0.6 |
-2.3 |
|
Inventories |
-13.2 |
13.1 |
-32.6 |
1.1 |
-0.6 |
|
Prepaid Expenses |
1.0 |
0.4 |
0.0 |
0.0 |
0.2 |
|
Other Assets |
- |
0.2 |
-0.5 |
- |
- |
|
Accounts Payable |
7.3 |
-10.5 |
13.4 |
2.8 |
0.7 |
|
Accrued Expenses |
- |
0.4 |
7.5 |
0.2 |
-0.3 |
|
Taxes Payable |
-1.2 |
-0.9 |
1.9 |
-1.1 |
0.3 |
|
Other Liabilities |
-0.8 |
1.0 |
-1.1 |
-2.0 |
-0.7 |
|
Other Operating Cash Flow |
-1.9 |
- |
- |
- |
- |
|
Changes in Working Capital |
-0.7 |
5.0 |
-43.0 |
1.5 |
-2.6 |
|
Cash from Operating Activities |
37.4 |
28.8 |
-22.5 |
14.1 |
10.3 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-17.2 |
-16.9 |
-57.4 |
-21.6 |
-9.5 |
|
Purchase/Acquisition of
Intangibles |
-0.7 |
0.0 |
-0.2 |
- |
- |
|
Capital Expenditures |
-17.8 |
-16.9 |
-57.6 |
-21.6 |
-9.5 |
|
Sale of Fixed Assets |
0.5 |
0.2 |
0.1 |
4.8 |
0.1 |
|
Sale/Maturity of Investment |
21.5 |
6.1 |
0.1 |
1.1 |
0.5 |
|
Purchase of Investments |
-37.8 |
-8.4 |
-0.1 |
-1.0 |
-0.6 |
|
Other Investing Cash Flow |
1.4 |
-2.0 |
0.1 |
-2.7 |
0.0 |
|
Other Investing Cash Flow Items, Total |
-14.3 |
-4.1 |
0.3 |
2.2 |
0.0 |
|
Cash from Investing Activities |
-32.2 |
-21.0 |
-57.3 |
-19.4 |
-9.5 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-1.3 |
0.0 |
0.0 |
- |
- |
|
Financing Cash Flow Items |
-1.3 |
0.0 |
0.0 |
- |
- |
|
Total Cash Dividends Paid |
-0.5 |
-1.2 |
-0.9 |
-1.2 |
-1.2 |
|
Sale/Issuance
of Common |
0.0 |
0.0 |
12.9 |
- |
- |
|
Common Stock, Net |
0.0 |
0.0 |
12.9 |
- |
- |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
12.9 |
- |
- |
|
Short Term
Debt Issued |
- |
41.8 |
79.1 |
22.4 |
6.5 |
|
Short Term
Debt Reduction |
-5.4 |
-54.4 |
-35.0 |
-16.4 |
-7.6 |
|
Short Term Debt, Net |
-5.4 |
-12.6 |
44.0 |
6.0 |
-1.1 |
|
Long Term
Debt Issued |
5.7 |
11.5 |
32.6 |
0.8 |
2.1 |
|
Long Term
Debt Reduction |
-5.3 |
-0.2 |
-2.0 |
-0.3 |
-0.4 |
|
Long Term Debt, Net |
0.4 |
11.3 |
30.5 |
0.5 |
1.7 |
|
Issuance (Retirement) of Debt, Net |
-5.0 |
-1.2 |
74.6 |
6.6 |
0.6 |
|
Cash from Financing Activities |
-6.8 |
-2.4 |
86.7 |
5.3 |
-0.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
- |
- |
- |
- |
|
Net Change in Cash |
-1.5 |
5.4 |
6.9 |
0.0 |
0.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
13.9 |
7.1 |
1.3 |
1.5 |
1.3 |
|
Net Cash - Ending Balance |
12.3 |
12.5 |
8.2 |
1.5 |
1.5 |
|
Cash Interest Paid |
1.8 |
- |
- |
- |
- |
|
Cash Taxes Paid |
1.9 |
- |
- |
- |
- |
Annual Income Statement
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Yeil Accounting |
Yeil Accounting |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Sales Revenue |
307.7 |
- |
- |
- |
- |
|
Sales Revenue of Finished Goods |
- |
122.7 |
93.9 |
70.5 |
65.7 |
|
Finished Product Export Sales |
- |
106.4 |
95.4 |
- |
- |
|
Merchandise Revenues |
- |
15.2 |
20.1 |
20.9 |
28.0 |
|
Merchandise Export Sales |
- |
0.2 |
0.1 |
- |
- |
|
Other Revenue |
- |
0.2 |
0.4 |
0.6 |
0.5 |
|
Total Revenue |
307.7 |
244.7 |
209.8 |
92.0 |
94.1 |
|
|
|
|
|
|
|
|
Cost Manufacturing |
- |
188.2 |
148.5 |
52.2 |
49.8 |
|
Merchandise Cost |
- |
12.9 |
19.2 |
17.8 |
23.2 |
|
Costs of Goods and Services Sold |
247.7 |
- |
- |
- |
- |
|
Salaries & Wages |
2.9 |
1.9 |
1.6 |
1.4 |
1.2 |
|
Retirement Allowance |
0.2 |
0.6 |
0.4 |
1.6 |
0.4 |
|
Employee Benefits |
0.4 |
0.3 |
0.3 |
0.3 |
0.2 |
|
Travel Expenses |
0.3 |
0.2 |
0.3 |
0.1 |
0.2 |
|
Communication Exp. |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Utility Expenses |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Taxes and Dues |
0.0 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Repair Expenses |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Insurance Expenses |
0.3 |
0.3 |
0.2 |
0.0 |
0.0 |
|
Entertainment |
0.3 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Advertising Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Shipping/Handling |
24.8 |
18.0 |
18.7 |
10.4 |
9.6 |
|
Commissions Paid |
1.0 |
2.0 |
1.2 |
0.2 |
0.2 |
|
Sales Commission |
0.4 |
0.2 |
0.1 |
- |
- |
|
Expenses of Allowance for Doubtful
Accou |
0.6 |
0.4 |
- |
- |
0.0 |
|
Consumable Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Vehicle & Transport. |
0.2 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Book Expenses |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Depreciation Expense |
1.1 |
0.9 |
0.6 |
0.7 |
0.5 |
|
Office Supplies |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Amortization-Intangibles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Expense for Training |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rent |
0.2 |
0.1 |
0.0 |
- |
- |
|
Expense-Samples |
0.0 |
0.0 |
0.0 |
- |
- |
|
Packaging Expense |
0.9 |
0.6 |
0.4 |
- |
- |
|
Miscellaneous Operating Expense |
0.1 |
0.3 |
0.5 |
0.1 |
0.1 |
|
Gains on Foreign Currency
Transactions |
-3.8 |
- |
- |
- |
- |
|
Gains on Foreign Currency
Translation |
-0.5 |
- |
- |
- |
- |
|
Gains on Sale of Property, Plant
and Equ |
0.0 |
- |
- |
- |
- |
|
Other Operating Income |
-0.2 |
- |
- |
- |
- |
|
Adjustment for Other Operating
Income |
0.0 |
- |
- |
- |
- |
|
Adjustment for Selling and
Administrativ |
0.0 |
- |
- |
- |
- |
|
Losses on Foreign Currency
Transactions, |
5.5 |
- |
- |
- |
- |
|
Losses on Foreign Currency
Translation,O |
0.2 |
- |
- |
- |
- |
|
Losses on Sale of Trading
Securities,OE |
0.0 |
- |
- |
- |
- |
|
Losses on Sale of Available for
Sale Sec |
0.0 |
- |
- |
- |
- |
|
Losses on Sale of Property, Plant
and Eq |
0.0 |
- |
- |
- |
- |
|
Donations Paid |
0.3 |
- |
- |
- |
- |
|
Miscellaneous Losses,OE |
0.4 |
- |
- |
- |
- |
|
Adjustment for Other Operating
Expense |
0.0 |
- |
- |
- |
- |
|
Total Operating Expense |
283.5 |
227.4 |
192.5 |
85.2 |
85.9 |
|
|
|
|
|
|
|
|
Interest Income |
0.4 |
0.3 |
0.4 |
0.1 |
0.1 |
|
Dividend Income |
- |
- |
0.0 |
0.0 |
0.0 |
|
Gain-Foreign Exchange Transaction |
- |
4.3 |
4.0 |
0.1 |
0.2 |
|
Gain-Foreign Currency Translation |
- |
1.4 |
2.1 |
0.0 |
0.1 |
|
Gain-Disposal of Tangible Assets |
- |
0.0 |
0.0 |
- |
- |
|
Recovery-Doubtful Accounts |
- |
- |
0.0 |
0.1 |
0.0 |
|
Miscellaneous Income |
- |
0.1 |
0.2 |
0.1 |
0.1 |
|
Interest Expense, Non-Operating |
-2.5 |
-3.0 |
-3.5 |
-0.8 |
-0.6 |
|
Loss-Foreign Exchange Transaction |
- |
-5.7 |
-5.0 |
-0.1 |
0.0 |
|
Loss-Foreign Currency Translation |
- |
-0.3 |
-3.0 |
0.0 |
0.0 |
|
L-Secs for Sale Disposal |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Losses on Sale of Equity Method Securiti |
- |
0.0 |
- |
- |
- |
|
Loss-Valuation of inventory |
- |
0.0 |
-0.1 |
- |
- |
|
L-Trade Receivables Disposal |
-0.3 |
0.0 |
-0.2 |
-0.3 |
-0.3 |
|
Loss Disp Tang. Ast |
- |
-2.9 |
-1.4 |
-0.6 |
0.0 |
|
Adjustment for Finance Expense |
0.0 |
- |
- |
- |
- |
|
Depreciation of Idle Assets not
Operatio |
- |
0.0 |
- |
- |
- |
|
Donations Paid |
- |
-0.4 |
-0.3 |
-0.2 |
-0.2 |
|
Addl Income Tax Paid |
- |
- |
- |
0.0 |
-0.6 |
|
Miscellaneous Exp. |
- |
0.0 |
0.0 |
0.0 |
-0.2 |
|
Gains on Valuation of Equity
Method Secu |
- |
1.4 |
- |
0.1 |
- |
|
Loss under Equity Method |
- |
- |
0.0 |
- |
-0.1 |
|
Net Income Before Taxes |
21.8 |
12.4 |
10.6 |
5.2 |
6.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
3.4 |
1.9 |
2.7 |
1.4 |
1.8 |
|
Net Income After Taxes |
18.4 |
10.5 |
7.9 |
3.8 |
4.9 |
|
|
|
|
|
|
|
|
Minority Interest |
0.2 |
- |
- |
- |
- |
|
Net Income Before Extra. Items |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
Net Income |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
2.6 |
2.6 |
2.5 |
2.2 |
2.2 |
|
Basic EPS Excluding ExtraOrdinary Items |
7.11 |
4.03 |
3.20 |
1.75 |
2.28 |
|
Basic EPS Including ExtraOrdinary Item |
7.11 |
4.03 |
3.20 |
1.75 |
2.28 |
|
Diluted Net Income |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
Diluted Weighted Average Shares |
2.6 |
2.6 |
2.5 |
2.2 |
2.2 |
|
Diluted EPS Excluding ExtraOrd Items |
7.11 |
4.03 |
3.20 |
1.75 |
2.28 |
|
Diluted EPS Including ExtraOrd Items |
7.11 |
4.03 |
3.20 |
1.75 |
2.28 |
|
DPS-Common Stock |
0.30 |
0.19 |
0.52 |
0.51 |
0.55 |
|
Gross Dividends - Common Stock |
0.8 |
0.5 |
1.4 |
1.0 |
1.2 |
|
Normalized Income Before Taxes |
22.1 |
15.3 |
12.2 |
6.1 |
7.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
3.4 |
2.3 |
3.1 |
1.6 |
1.9 |
|
Normalized Income After Taxes |
18.7 |
13.0 |
9.2 |
4.4 |
5.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
18.8 |
13.0 |
9.2 |
4.4 |
5.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
7.21 |
4.97 |
3.69 |
2.06 |
2.40 |
|
Diluted Normalized EPS |
7.21 |
4.97 |
3.69 |
2.06 |
2.40 |
|
Interest Expense, Supplemental |
2.5 |
3.0 |
3.5 |
0.8 |
0.6 |
|
Rental Expense, Supplemental |
0.2 |
0.1 |
0.0 |
- |
- |
|
Advertising Expense, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Research & Development , Supplemental |
0.2 |
- |
- |
0.0 |
0.0 |
|
Depreciation, Supplemental |
13.5 |
10.9 |
9.1 |
6.2 |
6.0 |
|
Amort of Intangibles, Supplemental |
0.2 |
0.2 |
0.2 |
0.0 |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
Yeil Accounting |
Yeil Accounting |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash and Cash Equivalents |
12.6 |
13.7 |
7.1 |
1.5 |
1.5 |
|
Short-term deposit |
- |
- |
- |
0.0 |
0.4 |
|
Short-term Loans |
1.5 |
1.9 |
- |
1.6 |
- |
|
Current Financial Assets |
15.5 |
2.6 |
- |
- |
- |
|
Held-to-Maturity Securities
Current |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Trade Receivable |
44.6 |
41.2 |
39.8 |
15.5 |
16.3 |
|
Allowance for Doubtful Accounts
for Trad |
-0.9 |
-0.9 |
-0.4 |
-0.4 |
-0.3 |
|
Other Receivables |
1.2 |
- |
- |
0.9 |
0.6 |
|
Accrued Income |
0.2 |
0.0 |
- |
0.0 |
0.0 |
|
Adjsutment for Trade and Other
Receivabl |
0.0 |
- |
- |
- |
- |
|
Advance Payments |
4.6 |
5.2 |
2.6 |
0.6 |
0.2 |
|
Prepaid VAT |
0.7 |
1.2 |
1.6 |
- |
- |
|
Prepaid Expenses Total |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Income Taxes Assets
Current |
- |
0.0 |
0.2 |
0.2 |
0.2 |
|
Adjustment for Other Current
Assets |
0.0 |
- |
- |
- |
- |
|
Merchandises |
0.4 |
0.4 |
0.0 |
0.1 |
0.1 |
|
Finished Goods |
6.2 |
5.2 |
9.8 |
0.6 |
1.0 |
|
Allowance for Loss on Valuation of
Finis |
- |
-0.1 |
0.0 |
- |
- |
|
Works in Process |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Supplies |
0.1 |
0.0 |
0.2 |
0.2 |
0.1 |
|
Raw Materials |
4.8 |
4.6 |
4.5 |
0.9 |
0.7 |
|
Goods in Transit |
15.7 |
2.4 |
11.9 |
0.2 |
1.6 |
|
Other Receivables |
- |
0.7 |
0.1 |
- |
- |
|
Allowance for Doubtful Accounts
for Othe |
- |
0.0 |
0.0 |
- |
- |
|
Adjustment for Inventory |
0.0 |
- |
- |
- |
- |
|
Total Current Assets |
107.3 |
78.5 |
77.3 |
22.1 |
22.5 |
|
|
|
|
|
|
|
|
LT Loan |
- |
- |
0.0 |
0.0 |
- |
|
Long-term Financial assets |
0.5 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Secs for Sale |
4.0 |
0.5 |
0.4 |
0.6 |
0.6 |
|
Held-to-Maturity Securities in
Investmen |
0.3 |
0.3 |
0.3 |
0.4 |
0.1 |
|
Investment in Properties |
17.4 |
- |
- |
- |
- |
|
Other Investment Assets |
0.1 |
0.4 |
0.4 |
- |
- |
|
Equity Method Securities |
- |
6.9 |
0.1 |
0.2 |
0.1 |
|
Deposits Provided |
1.5 |
2.5 |
2.1 |
1.2 |
0.2 |
|
Deferred Tax |
- |
- |
0.0 |
- |
0.0 |
|
Land |
108.7 |
121.2 |
30.7 |
36.9 |
32.2 |
|
Buildings |
- |
12.5 |
15.5 |
6.9 |
6.5 |
|
Accumulated Depreciation for
Buildings |
- |
-1.6 |
-1.2 |
-1.1 |
-1.0 |
|
Structures |
- |
12.6 |
11.6 |
13.0 |
12.6 |
|
Accumulated Depreciation for
Structures |
- |
-5.7 |
-4.5 |
-5.0 |
-4.3 |
|
Buildings&Structures |
32.4 |
- |
- |
- |
- |
|
Accumulated Depreciation for
Buildings&S |
-7.9 |
- |
- |
- |
- |
|
Machinery |
111.7 |
96.4 |
78.6 |
61.0 |
54.7 |
|
Accumulated Depreciation for
Machinery |
-61.8 |
-49.6 |
-37.6 |
-41.6 |
-36.9 |
|
Tools |
- |
1.9 |
1.7 |
1.3 |
1.3 |
|
Accumulated Depreciation for Tools |
- |
-1.1 |
-1.0 |
-1.2 |
-1.2 |
|
Vehicles |
- |
0.4 |
0.4 |
0.3 |
0.3 |
|
Accumulated Depreciation for
Vehicles |
- |
-0.2 |
-0.2 |
-0.3 |
-0.3 |
|
Other Tangible Assets |
4.8 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Accumulated Depreciation for Other
Tangi |
-3.3 |
-0.4 |
-0.4 |
-0.5 |
-0.5 |
|
Construction in Progress |
5.1 |
0.8 |
0.8 |
6.2 |
3.0 |
|
Adjustment for Tangible Assets |
0.0 |
- |
- |
- |
- |
|
Industrial Property Rights |
4.0 |
1.8 |
1.9 |
0.0 |
0.0 |
|
Total Assets |
324.8 |
278.8 |
177.4 |
100.9 |
90.6 |
|
|
|
|
|
|
|
|
Trade Payable |
13.8 |
7.9 |
18.3 |
8.6 |
6.1 |
|
Short-term Borrowings |
47.9 |
40.5 |
50.1 |
15.7 |
9.7 |
|
Other Payables |
3.1 |
0.6 |
0.3 |
0.6 |
0.4 |
|
Withholdings |
0.3 |
0.1 |
0.1 |
0.3 |
0.5 |
|
Sec Dep Withheld |
3.8 |
3.2 |
1.2 |
1.6 |
1.7 |
|
Adjustment for Trade and Other
Liabiliti |
0.0 |
- |
- |
- |
- |
|
Accrued Expenses |
10.6 |
9.1 |
8.1 |
2.0 |
1.8 |
|
Dividend Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Taxes Payable |
2.4 |
0.9 |
2.0 |
0.5 |
1.6 |
|
VAT Withheld |
- |
1.2 |
0.4 |
- |
- |
|
Advance for Customers |
0.3 |
0.5 |
0.0 |
0.0 |
0.0 |
|
Current Portion of Long-term
Liabilities |
- |
4.4 |
0.2 |
2.4 |
0.3 |
|
Current Portion of Long-term Debt |
6.7 |
- |
- |
- |
- |
|
Total Current Liabilities |
88.8 |
68.4 |
80.6 |
31.7 |
22.1 |
|
|
|
|
|
|
|
|
Long-term Borrowings |
39.8 |
39.3 |
29.4 |
1.5 |
3.0 |
|
Total Long Term Debt |
39.8 |
39.3 |
29.4 |
1.5 |
3.0 |
|
|
|
|
|
|
|
|
Deferred Income Taxes Liabilities
Non-cu |
19.7 |
19.6 |
- |
0.0 |
- |
|
Leasehold Deposits Received Non
Current |
0.1 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Retire Reserve |
- |
- |
- |
0.6 |
0.4 |
|
Provisions for Retirement and
Severance |
- |
5.6 |
4.4 |
- |
- |
|
Deposits for Retirement and
Severance Be |
- |
-5.6 |
-4.4 |
- |
- |
|
Transfer to National Pension Fund |
- |
0.0 |
0.0 |
- |
- |
|
LT Defined Benefit Liabilities |
0.1 |
- |
- |
- |
- |
|
Minority Interest |
1.0 |
- |
- |
- |
- |
|
Total Liabilities |
149.6 |
127.5 |
110.1 |
34.0 |
25.8 |
|
|
|
|
|
|
|
|
Common Stock |
11.9 |
11.1 |
10.3 |
10.6 |
10.7 |
|
Paid-in Capital |
13.9 |
13.6 |
12.6 |
4.9 |
4.9 |
|
Other Capital |
0.7 |
0.6 |
0.6 |
0.8 |
0.8 |
|
Gains on Sale of Treasury Stock |
0.0 |
- |
- |
- |
- |
|
Asset Revalued |
25.5 |
24.8 |
23.0 |
30.9 |
31.1 |
|
Adjustment for Capital Surplus |
0.0 |
- |
- |
- |
- |
|
Appropriated Retained Earnings for
Statu |
4.1 |
3.5 |
2.9 |
3.5 |
2.8 |
|
Appropriated Retained Earnings for
Volun |
0.5 |
0.5 |
0.6 |
- |
- |
|
Appropriated Retained Earnings for
Finan |
- |
- |
- |
- |
0.6 |
|
Reserves for L-Treasury Stock
Disposal |
- |
- |
- |
0.6 |
0.2 |
|
Retained Earnings Before
Appropriations |
48.9 |
29.5 |
18.0 |
16.4 |
14.5 |
|
Adjustment for Retained Earnings |
0.0 |
- |
- |
- |
- |
|
Gains on Revaluation |
70.4 |
- |
- |
- |
- |
|
Revaluation Adjustment |
- |
68.6 |
- |
- |
- |
|
Treasury Stock |
-0.7 |
-0.7 |
-0.6 |
-0.8 |
-0.9 |
|
Gains on Cumulative Effect of
Foreign Cu |
-0.1 |
-0.3 |
0.0 |
- |
- |
|
Adjustment for Accumulated Other
Compreh |
0.0 |
- |
- |
- |
- |
|
Adjustment |
- |
- |
- |
- |
- |
|
Total Equity |
175.1 |
151.3 |
67.3 |
66.9 |
64.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
324.8 |
278.8 |
177.4 |
100.9 |
90.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
2.6 |
2.6 |
2.6 |
2.0 |
2.2 |
|
Total Common Shares Outstanding |
2.6 |
2.6 |
2.6 |
2.0 |
2.2 |
|
T/S-Common Stock |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Deferred Revenue, Current |
0.3 |
0.5 |
0.0 |
0.0 |
0.0 |
|
Accumulated Intangible Amort, Suppl. |
0.7 |
- |
- |
- |
- |
|
Full-Time Employees |
180 |
177 |
177 |
90 |
89 |
|
Number of Common Shareholders |
878 |
697 |
697 |
616 |
517 |
|
Long Term Debt Due Within 1 Year |
6.7 |
4.4 |
0.2 |
2.4 |
0.3 |
|
Long Term Debt Due Within 2 Years |
8.2 |
6.2 |
4.9 |
0.3 |
2.4 |
|
Long Term Debt Due Within 3 Years |
9.3 |
8.1 |
5.9 |
0.3 |
0.3 |
|
Long Term Debt Due Within 4 Years |
10.0 |
8.7 |
5.8 |
0.3 |
0.3 |
|
Long Term Debt Due Within 5 Years |
- |
8.7 |
- |
- |
- |
|
Long Term Debt Due-Remaining Mat. |
12.2 |
7.7 |
12.7 |
0.6 |
0.1 |
|
Total Long Term Debt, Supplemental |
46.5 |
43.7 |
29.6 |
3.9 |
3.4 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Yeil Accounting |
Yeil Accounting |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
18.4 |
10.5 |
7.9 |
3.8 |
4.9 |
|
Depreciation |
13.5 |
10.9 |
9.1 |
6.2 |
6.0 |
|
Amort. Intangible |
0.2 |
0.2 |
0.2 |
0.0 |
0.0 |
|
Retirement Allowance |
0.9 |
1.2 |
0.9 |
2.0 |
0.8 |
|
Finance Income |
-0.4 |
- |
- |
- |
- |
|
Finance Costs |
2.9 |
- |
- |
- |
- |
|
Repair Expenses |
- |
0.2 |
1.0 |
0.2 |
0.8 |
|
Expenses of Allowance for Doubtful
Accou |
0.6 |
0.4 |
- |
- |
- |
|
Recovery-Provision Doubtful
Account |
- |
- |
0.0 |
-0.1 |
- |
|
Corporate Taxes |
3.4 |
- |
- |
- |
- |
|
Gains on Foreign Currency
Translation |
-0.5 |
-1.4 |
- |
- |
- |
|
Losses on Foreign Currency Translation |
0.2 |
0.3 |
- |
- |
- |
|
Disp Tang Asst Loss |
0.0 |
2.9 |
1.4 |
0.6 |
0.0 |
|
Loss-Disposal of Trade Receivables |
- |
- |
- |
- |
0.3 |
|
Losses on Sale of Equity Method
Securiti |
- |
0.0 |
- |
- |
- |
|
Losses on Sale of Available for
Sale Sec |
0.0 |
0.0 |
- |
- |
0.0 |
|
Losses on Sale of Trading
Securities |
0.0 |
- |
- |
- |
- |
|
Loss under Equity Method |
- |
- |
0.0 |
- |
0.1 |
|
Gains on Valuation of Equity
Method Secu |
- |
-1.4 |
- |
-0.1 |
- |
|
Gain-Disposal of Tangible Assets |
0.0 |
0.0 |
0.0 |
- |
- |
|
Other Adjustment |
-1.0 |
- |
- |
- |
- |
|
Overseas Business Translation
Debit |
- |
-0.3 |
0.0 |
- |
- |
|
Trade Receivables |
8.8 |
1.4 |
-32.4 |
0.7 |
-1.9 |
|
Account Receivables |
-0.7 |
-0.1 |
0.9 |
-0.2 |
-0.4 |
|
Accrued Income |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Advanced Payment |
0.8 |
-2.3 |
-4.2 |
-0.4 |
-0.2 |
|
Inventory |
-14.0 |
15.4 |
-28.4 |
1.5 |
-0.4 |
|
Other Investment Assets |
- |
0.2 |
-0.5 |
- |
- |
|
Deferred Taxes-Asset |
- |
0.2 |
-0.1 |
0.0 |
0.0 |
|
Trade Payables |
5.5 |
-10.8 |
13.6 |
2.6 |
0.5 |
|
Account Payables |
1.8 |
0.3 |
-0.2 |
0.3 |
0.2 |
|
Prepaid Expenses |
0.0 |
0.0 |
0.0 |
0.0 |
0.2 |
|
Decrease or Increase in Prepaid
Value Ad |
1.0 |
0.4 |
- |
- |
- |
|
Prepaid Taxes |
0.0 |
- |
- |
- |
0.0 |
|
Advances Received |
-0.2 |
0.4 |
0.1 |
0.0 |
0.0 |
|
Deposits Withheld |
0.1 |
0.0 |
0.3 |
-0.2 |
-0.4 |
|
Accrued Expenses |
- |
0.4 |
7.5 |
0.2 |
-0.3 |
|
Accrued Dividends |
- |
- |
- |
0.0 |
0.0 |
|
VAT Withheld |
-1.2 |
0.2 |
- |
- |
- |
|
Accrued Income Taxes |
- |
-1.2 |
1.9 |
-1.1 |
0.3 |
|
Deferred Income Tax Credit, A/L |
0.0 |
0.2 |
0.0 |
0.0 |
- |
|
Payment of Retirement Bonus |
-0.3 |
-0.3 |
-0.1 |
-0.6 |
-0.9 |
|
Retirement Insurance Deposits |
- |
-0.8 |
-1.2 |
-1.2 |
0.2 |
|
National Pension |
- |
- |
- |
0.0 |
0.0 |
|
Security Deposits Withheld |
- |
1.8 |
-0.1 |
0.0 |
0.4 |
|
Cumulative Assets outside Company |
0.0 |
- |
- |
- |
- |
|
Defined Benefit Liabilities |
-0.5 |
- |
- |
- |
- |
|
Adjustment |
0.0 |
- |
- |
- |
- |
|
Taxes Paid |
-1.9 |
- |
- |
- |
- |
|
Cash from Operating Activities |
37.4 |
28.8 |
-22.5 |
14.1 |
10.3 |
|
|
|
|
|
|
|
|
Disposal-Securities
Available-for-Sale |
1.7 |
- |
0.0 |
0.0 |
- |
|
Dec-ST Finl Assets |
19.8 |
6.0 |
0.0 |
0.6 |
0.4 |
|
Proceeds from Sale of Long-term
Financia |
0.0 |
0.0 |
- |
- |
- |
|
Proceeds from Sale of Equity
Method Secu |
- |
0.0 |
- |
- |
- |
|
Disp of Invest Secs. |
- |
0.0 |
0.1 |
0.5 |
0.1 |
|
Disp-ST Securities Held to
Maturities |
0.0 |
- |
- |
- |
- |
|
Decrease-ST Loans |
1.9 |
- |
1.4 |
- |
- |
|
Decrease in Long-term Loans |
- |
0.0 |
- |
- |
- |
|
Decrease in Deposits Provided |
- |
0.0 |
- |
- |
0.1 |
|
Decrease-Other Non-Current Assets |
1.2 |
- |
- |
- |
- |
|
Disposal-Land |
- |
- |
- |
4.7 |
- |
|
Disposal-Structures |
- |
- |
- |
- |
0.0 |
|
Disposal Mach./Equip |
- |
0.2 |
0.1 |
0.1 |
0.0 |
|
Disp-Fixtures |
- |
- |
- |
- |
0.1 |
|
Disposal Trans Equip |
- |
0.1 |
0.0 |
- |
0.0 |
|
Proceeds from Sale of Tools |
- |
0.0 |
- |
- |
- |
|
Proceeds from Sale of Property,
Plant an |
0.5 |
- |
- |
- |
- |
|
Purchase of Short-term Financial
Instrum |
-32.3 |
-8.4 |
- |
-0.2 |
-0.4 |
|
Increase-LT Financial Assets |
-0.3 |
0.0 |
0.0 |
0.0 |
- |
|
Inc-Equity Method Investment
Security |
- |
- |
- |
- |
-0.2 |
|
Increase-Securities
Available-for-Sale |
-5.1 |
- |
0.0 |
0.0 |
- |
|
incr-Secs held till Maturity |
- |
0.0 |
0.0 |
-0.8 |
0.0 |
|
Increase in Short-term Loans |
-1.5 |
-1.8 |
- |
-1.6 |
- |
|
Inc in Guarant Depos |
- |
-0.2 |
-1.3 |
-1.1 |
-0.1 |
|
Increase-Rent Deposit |
- |
- |
- |
0.0 |
- |
|
Decrease-Lease Guarantee Deposit |
-0.1 |
- |
- |
- |
- |
|
Increase Other Non-Current Assets |
-0.2 |
- |
- |
- |
- |
|
Increase-Land |
- |
- |
- |
-4.8 |
- |
|
Acquis. of Building |
- |
- |
-0.8 |
- |
0.0 |
|
Purchase of Structures |
- |
-0.1 |
- |
- |
0.0 |
|
Purch. of Mach/Equip |
- |
- |
-0.2 |
-0.3 |
-0.1 |
|
Acq. of Trans Equip |
- |
-0.2 |
-0.1 |
- |
0.0 |
|
Acq. in Tools/Suppl. |
- |
-0.2 |
-0.1 |
0.0 |
0.0 |
|
Inc. Const. In Prog |
- |
-16.5 |
-56.2 |
-16.5 |
-9.3 |
|
Purchase of Property, Plant and
Equipmen |
-17.2 |
- |
- |
- |
- |
|
Increase-Intangible Assets |
-0.7 |
0.0 |
-0.2 |
- |
- |
|
Cash from Investing Activities |
-32.2 |
-21.0 |
-57.3 |
-19.4 |
-9.5 |
|
|
|
|
|
|
|
|
Inc in ST Borrowings |
- |
41.8 |
79.1 |
22.4 |
6.5 |
|
Inc in LT Borrowings |
5.7 |
11.5 |
32.6 |
0.8 |
2.1 |
|
Capital Increase |
- |
0.0 |
12.9 |
- |
- |
|
Proceeds from Sale of Treasury
Stock |
0.0 |
- |
- |
- |
- |
|
Increase in Accrued Dividend |
- |
0.0 |
0.0 |
- |
- |
|
Repay Curr LT Liabs |
-5.3 |
-0.2 |
-2.0 |
-0.3 |
-0.4 |
|
Repay ST Borrowings |
-5.4 |
-54.4 |
-35.0 |
-16.4 |
-7.6 |
|
Payment-Dividends |
-0.5 |
-1.2 |
-0.9 |
-1.2 |
-1.2 |
|
Security Deposit Withheld |
0.5 |
- |
- |
- |
- |
|
Cash-Interest Paid |
-1.8 |
- |
- |
- |
- |
|
Cash from Financing Activities |
-6.8 |
-2.4 |
86.7 |
5.3 |
-0.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
- |
- |
- |
- |
|
Net Change in Cash |
-1.5 |
5.4 |
6.9 |
0.0 |
0.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
13.9 |
7.1 |
1.3 |
1.5 |
1.3 |
|
Net Cash - Ending Balance |
12.3 |
12.5 |
8.2 |
1.5 |
1.5 |
|
Cash Interest Paid |
1.8 |
- |
- |
- |
- |
|
Cash Taxes Paid |
1.9 |
- |
- |
- |
- |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
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Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
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Annual Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Yeil Accounting |
Yeil Accounting |
Yeil Accounting |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
307.7 |
244.5 |
209.4 |
91.4 |
93.6 |
|
Revenue |
307.7 |
244.5 |
209.4 |
91.4 |
93.6 |
|
Other Revenue |
- |
0.2 |
0.4 |
0.6 |
0.5 |
|
Other Revenue, Total |
- |
0.2 |
0.4 |
0.6 |
0.5 |
|
Total Revenue |
307.7 |
244.7 |
209.8 |
92.0 |
94.1 |
|
|
|
|
|
|
|
|
Cost of Revenue |
247.7 |
201.1 |
167.7 |
70.0 |
73.0 |
|
Cost of Revenue, Total |
247.7 |
201.1 |
167.7 |
70.0 |
73.0 |
|
Gross Profit |
60.0 |
43.4 |
41.7 |
21.4 |
20.6 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
28.7 |
22.3 |
21.8 |
11.2 |
10.5 |
|
Labor & Related Expense |
3.5 |
2.8 |
2.3 |
3.3 |
1.8 |
|
Advertising Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Selling/General/Administrative Expenses |
32.2 |
25.1 |
24.1 |
14.5 |
12.4 |
|
Depreciation |
1.1 |
0.9 |
0.6 |
0.7 |
0.5 |
|
Amortization of Intangibles |
0.6 |
0.4 |
0.0 |
0.0 |
0.0 |
|
Depreciation/Amortization |
1.6 |
1.2 |
0.6 |
0.7 |
0.5 |
|
Investment
Income - Operating |
1.5 |
- |
- |
- |
- |
|
Interest/Investment Income -
Operating |
1.5 |
- |
- |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
1.5 |
- |
- |
- |
- |
|
Loss (Gain) on Sale of Assets -
Operating |
0.0 |
- |
- |
- |
- |
|
Unusual Expense (Income) |
0.0 |
- |
- |
- |
- |
|
Other Operating Expense |
0.6 |
- |
- |
- |
- |
|
Other, Net |
-0.2 |
- |
- |
- |
- |
|
Other Operating Expenses, Total |
0.4 |
- |
- |
- |
- |
|
Total Operating Expense |
283.5 |
227.4 |
192.5 |
85.2 |
85.9 |
|
|
|
|
|
|
|
|
Operating Income |
24.2 |
17.3 |
17.3 |
6.8 |
8.2 |
|
|
|
|
|
|
|
|
Interest
Expense - Non-Operating |
-2.5 |
-3.0 |
-3.5 |
-0.8 |
-0.6 |
|
Interest Expense, Net
Non-Operating |
-2.5 |
-3.0 |
-3.5 |
-0.8 |
-0.6 |
|
Interest
Income - Non-Operating |
0.4 |
0.3 |
0.4 |
0.1 |
0.1 |
|
Investment
Income - Non-Operating |
0.0 |
1.0 |
-1.8 |
0.0 |
0.2 |
|
Interest/Investment Income -
Non-Operating |
0.4 |
1.3 |
-1.5 |
0.1 |
0.3 |
|
Interest Income (Expense) - Net Non-Operating Total |
-2.1 |
-1.7 |
-5.0 |
-0.7 |
-0.2 |
|
Gain (Loss) on Sale of Assets |
-0.3 |
-2.9 |
-1.6 |
-0.9 |
-0.3 |
|
Other Non-Operating Income
(Expense) |
- |
-0.3 |
-0.1 |
0.0 |
-0.8 |
|
Other, Net |
- |
-0.3 |
-0.1 |
0.0 |
-0.8 |
|
Income Before Tax |
21.8 |
12.4 |
10.6 |
5.2 |
6.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
3.4 |
1.9 |
2.7 |
1.4 |
1.8 |
|
Income After Tax |
18.4 |
10.5 |
7.9 |
3.8 |
4.9 |
|
|
|
|
|
|
|
|
Minority Interest |
0.2 |
- |
- |
- |
- |
|
Net Income Before Extraord Items |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
Net Income |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
2.6 |
2.6 |
2.5 |
2.2 |
2.2 |
|
Basic EPS Excl Extraord Items |
7.11 |
4.03 |
3.20 |
1.75 |
2.28 |
|
Basic/Primary EPS Incl Extraord Items |
7.11 |
4.03 |
3.20 |
1.75 |
2.28 |
|
Diluted Net Income |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
Diluted Weighted Average Shares |
2.6 |
2.6 |
2.5 |
2.2 |
2.2 |
|
Diluted EPS Excl Extraord Items |
7.11 |
4.03 |
3.20 |
1.75 |
2.28 |
|
Diluted EPS Incl Extraord Items |
7.11 |
4.03 |
3.20 |
1.75 |
2.28 |
|
Dividends per Share - Common Stock Primary Issue |
0.30 |
0.19 |
0.52 |
0.51 |
0.55 |
|
Gross Dividends - Common Stock |
0.8 |
0.5 |
1.4 |
1.0 |
1.2 |
|
Interest Expense, Supplemental |
2.5 |
3.0 |
3.5 |
0.8 |
0.6 |
|
Depreciation, Supplemental |
13.5 |
10.9 |
9.1 |
6.2 |
6.0 |
|
Total Special Items |
0.3 |
2.9 |
1.6 |
0.9 |
0.3 |
|
Normalized Income Before Tax |
22.1 |
15.3 |
12.2 |
6.1 |
7.1 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.1 |
0.4 |
0.4 |
0.3 |
0.1 |
|
Inc Tax Ex Impact of Sp Items |
3.4 |
2.3 |
3.1 |
1.6 |
1.9 |
|
Normalized Income After Tax |
18.7 |
13.0 |
9.2 |
4.4 |
5.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
18.8 |
13.0 |
9.2 |
4.4 |
5.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
7.21 |
4.97 |
3.69 |
2.06 |
2.40 |
|
Diluted Normalized EPS |
7.21 |
4.97 |
3.69 |
2.06 |
2.40 |
|
Amort of Intangibles, Supplemental |
0.2 |
0.2 |
0.2 |
0.0 |
0.0 |
|
Rental Expenses |
0.2 |
0.1 |
0.0 |
- |
- |
|
Advertising Expense, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Research & Development Exp, Supplemental |
0.2 |
- |
- |
0.0 |
0.0 |
|
Normalized EBIT |
25.7 |
17.3 |
17.3 |
6.8 |
8.2 |
|
Normalized EBITDA |
39.4 |
28.4 |
26.6 |
12.9 |
14.1 |
Interim Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Restated
Calculated |
Updated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1083.436022 |
1120.28956 |
1132.465591 |
1183.132366 |
1164.000484 |
|
|
|
|
|
|
|
|
Net Sales |
89.8 |
86.2 |
86.4 |
70.9 |
75.3 |
|
Revenue |
89.8 |
86.2 |
86.4 |
70.9 |
75.3 |
|
Total Revenue |
89.8 |
86.2 |
86.4 |
70.9 |
75.3 |
|
|
|
|
|
|
|
|
Cost of Revenue |
71.7 |
73.2 |
74.0 |
57.5 |
57.2 |
|
Cost of Revenue, Total |
71.7 |
73.2 |
74.0 |
57.5 |
57.2 |
|
Gross Profit |
18.1 |
13.0 |
12.4 |
13.5 |
18.1 |
|
|
|
|
|
|
|
|
Selling/General/Administrative
Expense |
8.7 |
8.8 |
9.2 |
8.1 |
8.1 |
|
Total Selling/General/Administrative Expenses |
8.7 |
8.8 |
9.2 |
8.1 |
8.1 |
|
Other, Net |
-1.2 |
-1.9 |
0.4 |
-3.2 |
3.7 |
|
Other Operating Expenses, Total |
-1.2 |
-1.9 |
0.4 |
-3.2 |
3.7 |
|
Total Operating Expense |
79.2 |
80.1 |
83.6 |
62.4 |
69.0 |
|
|
|
|
|
|
|
|
Operating Income |
10.6 |
6.2 |
2.8 |
8.5 |
6.3 |
|
|
|
|
|
|
|
|
Interest
Income - Non-Operating |
0.1 |
0.3 |
0.0 |
0.1 |
0.2 |
|
Investment
Income - Non-Operating |
-0.7 |
-0.6 |
-0.7 |
-0.7 |
-0.7 |
|
Interest/Investment Income -
Non-Operating |
-0.6 |
-0.2 |
-0.7 |
-0.6 |
-0.5 |
|
Interest Income (Expense) - Net Non-Operating Total |
-0.6 |
-0.2 |
-0.7 |
-0.6 |
-0.5 |
|
Other Non-Operating Income
(Expense) |
0.0 |
- |
- |
- |
- |
|
Other, Net |
0.0 |
- |
- |
- |
- |
|
Income Before Tax |
10.0 |
5.9 |
2.1 |
8.0 |
5.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
4.7 |
1.2 |
-0.2 |
0.7 |
2.3 |
|
Income After Tax |
5.4 |
4.8 |
2.3 |
7.3 |
3.4 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.3 |
0.1 |
-0.1 |
0.1 |
0.0 |
|
Net Income Before Extraord Items |
5.1 |
4.8 |
2.2 |
7.4 |
3.4 |
|
Net Income |
5.1 |
4.8 |
2.2 |
7.4 |
3.4 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
5.1 |
4.8 |
2.2 |
7.4 |
3.4 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
5.1 |
4.8 |
2.2 |
7.4 |
3.4 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
2.7 |
2.7 |
2.6 |
2.6 |
2.6 |
|
Basic EPS Excl Extraord Items |
1.86 |
1.76 |
0.86 |
2.82 |
1.30 |
|
Basic/Primary EPS Incl Extraord Items |
1.86 |
1.76 |
0.86 |
2.82 |
1.30 |
|
Dilution Adjustment |
0.0 |
0.0 |
- |
- |
0.0 |
|
Diluted Net Income |
5.1 |
4.8 |
2.2 |
7.4 |
3.4 |
|
Diluted Weighted Average Shares |
2.7 |
2.7 |
2.6 |
2.6 |
2.6 |
|
Diluted EPS Excl Extraord Items |
1.86 |
1.76 |
0.86 |
2.82 |
1.30 |
|
Diluted EPS Incl Extraord Items |
1.86 |
1.76 |
0.86 |
2.82 |
1.30 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.31 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.8 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
0.3 |
0.3 |
0.4 |
0.7 |
0.5 |
|
Depreciation, Supplemental |
3.0 |
3.6 |
3.7 |
3.4 |
3.1 |
|
Normalized Income Before Tax |
10.0 |
5.9 |
2.1 |
8.0 |
5.7 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
4.7 |
1.2 |
-0.2 |
0.7 |
2.3 |
|
Normalized Income After Tax |
5.4 |
4.8 |
2.3 |
7.3 |
3.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
5.1 |
4.8 |
2.2 |
7.4 |
3.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.86 |
1.76 |
0.86 |
2.82 |
1.30 |
|
Diluted Normalized EPS |
1.86 |
1.76 |
0.86 |
2.82 |
1.30 |
|
Amort of Intangibles, Supplemental |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Rental Expenses |
- |
- |
0.1 |
0.1 |
- |
|
Advertising Expense, Supplemental |
- |
- |
0.0 |
0.0 |
- |
|
Normalized EBIT |
10.6 |
6.2 |
2.8 |
8.5 |
6.3 |
|
Normalized EBITDA |
13.7 |
9.8 |
6.5 |
12.0 |
9.4 |
Annual Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
Yeil Accounting |
Yeil Accounting |
Yeil Accounting |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
12.6 |
13.7 |
7.1 |
1.5 |
1.9 |
|
Short Term Investments |
15.5 |
2.6 |
0.0 |
0.1 |
0.0 |
|
Cash and Short Term Investments |
28.1 |
16.3 |
7.2 |
1.6 |
2.0 |
|
Accounts
Receivable - Trade, Gross |
44.6 |
41.2 |
39.8 |
15.5 |
16.3 |
|
Provision
for Doubtful Accounts |
-0.9 |
-0.9 |
-0.4 |
-0.4 |
-0.3 |
|
Trade Accounts Receivable - Net |
43.9 |
40.3 |
39.4 |
15.1 |
16.0 |
|
Other Receivables |
2.7 |
2.6 |
0.1 |
2.5 |
0.6 |
|
Total Receivables, Net |
46.6 |
43.0 |
39.4 |
17.6 |
16.6 |
|
Inventories - Finished Goods |
6.6 |
5.5 |
9.8 |
0.8 |
1.1 |
|
Inventories - Work In Progress |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Inventories - Raw Materials |
4.8 |
4.6 |
4.5 |
0.9 |
0.7 |
|
Inventories - Other |
20.4 |
7.7 |
14.6 |
1.0 |
2.0 |
|
Total Inventory |
31.9 |
17.9 |
28.9 |
2.7 |
3.8 |
|
Prepaid Expenses |
0.8 |
1.3 |
1.6 |
0.0 |
0.0 |
|
Deferred Income Tax - Current
Asset |
- |
0.0 |
0.2 |
0.2 |
0.2 |
|
Other Current Assets |
0.0 |
- |
- |
- |
- |
|
Other Current Assets, Total |
0.0 |
0.0 |
0.2 |
0.2 |
0.2 |
|
Total Current Assets |
107.3 |
78.5 |
77.3 |
22.1 |
22.5 |
|
|
|
|
|
|
|
|
Buildings |
32.4 |
25.2 |
27.1 |
19.9 |
19.0 |
|
Land/Improvements |
108.7 |
121.2 |
30.7 |
36.9 |
32.2 |
|
Machinery/Equipment |
116.5 |
99.2 |
81.1 |
63.2 |
56.9 |
|
Construction
in Progress |
5.1 |
0.8 |
0.8 |
6.2 |
3.0 |
|
Other
Property/Plant/Equipment |
0.0 |
- |
- |
- |
- |
|
Property/Plant/Equipment - Gross |
262.7 |
246.4 |
139.7 |
126.2 |
111.1 |
|
Accumulated Depreciation |
-73.1 |
-58.5 |
-44.9 |
-49.9 |
-44.1 |
|
Property/Plant/Equipment - Net |
189.6 |
187.9 |
94.8 |
76.4 |
67.0 |
|
Intangibles, Net |
4.0 |
1.8 |
1.9 |
0.0 |
0.0 |
|
LT Investment - Affiliate
Companies |
- |
6.9 |
0.1 |
0.2 |
0.1 |
|
LT Investments - Other |
22.3 |
1.2 |
1.2 |
1.0 |
0.8 |
|
Long Term Investments |
22.3 |
8.2 |
1.3 |
1.2 |
0.8 |
|
Note Receivable - Long Term |
- |
- |
0.0 |
0.0 |
- |
|
Deferred Income Tax - Long Term
Asset |
- |
- |
0.0 |
- |
0.0 |
|
Other Long Term Assets |
1.5 |
2.5 |
2.1 |
1.2 |
0.2 |
|
Other Long Term Assets, Total |
1.5 |
2.5 |
2.1 |
1.2 |
0.2 |
|
Total Assets |
324.8 |
278.8 |
177.4 |
100.9 |
90.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
13.8 |
7.9 |
18.3 |
8.6 |
6.1 |
|
Accrued Expenses |
10.6 |
10.4 |
8.5 |
2.0 |
1.8 |
|
Notes Payable/Short Term Debt |
47.9 |
40.5 |
50.1 |
15.7 |
9.7 |
|
Current Portion - Long Term Debt/Capital Leases |
6.7 |
4.4 |
0.2 |
2.4 |
0.3 |
|
Dividends Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Customer Advances |
0.3 |
0.5 |
0.0 |
0.0 |
0.0 |
|
Security Deposits |
3.8 |
3.2 |
1.2 |
1.6 |
1.7 |
|
Income Taxes Payable |
2.4 |
0.9 |
2.0 |
0.5 |
1.6 |
|
Other Payables |
3.1 |
0.6 |
0.3 |
0.6 |
0.4 |
|
Other Current Liabilities |
0.3 |
0.1 |
0.1 |
0.3 |
0.5 |
|
Other Current liabilities, Total |
9.9 |
5.2 |
3.6 |
3.1 |
4.2 |
|
Total Current Liabilities |
88.8 |
68.4 |
80.6 |
31.7 |
22.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
39.8 |
39.3 |
29.4 |
1.5 |
3.0 |
|
Total Long Term Debt |
39.8 |
39.3 |
29.4 |
1.5 |
3.0 |
|
Total Debt |
94.4 |
84.2 |
79.7 |
19.5 |
13.1 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
19.7 |
19.6 |
- |
0.0 |
- |
|
Deferred Income Tax |
19.7 |
19.6 |
- |
0.0 |
- |
|
Minority Interest |
1.0 |
- |
- |
- |
- |
|
Pension Benefits - Underfunded |
0.1 |
0.0 |
0.0 |
0.6 |
0.4 |
|
Other Long Term Liabilities |
0.1 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Other Liabilities, Total |
0.3 |
0.2 |
0.2 |
0.8 |
0.6 |
|
Total Liabilities |
149.6 |
127.5 |
110.1 |
34.0 |
25.8 |
|
|
|
|
|
|
|
|
Common Stock |
11.9 |
11.1 |
10.3 |
10.6 |
10.7 |
|
Common Stock |
11.9 |
11.1 |
10.3 |
10.6 |
10.7 |
|
Additional Paid-In Capital |
40.1 |
39.1 |
36.1 |
36.6 |
36.8 |
|
Retained Earnings (Accumulated Deficit) |
53.5 |
33.5 |
21.5 |
20.6 |
18.1 |
|
Treasury Stock - Common |
-0.7 |
-0.7 |
-0.6 |
-0.8 |
-0.9 |
|
Unrealized Gain (Loss) |
70.4 |
- |
- |
- |
- |
|
Translation Adjustment |
-0.1 |
-0.3 |
0.0 |
- |
- |
|
Other Equity |
0.0 |
68.6 |
- |
- |
- |
|
Other Equity, Total |
-0.1 |
68.3 |
0.0 |
- |
- |
|
Total Equity |
175.1 |
151.3 |
67.3 |
66.9 |
64.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
324.8 |
278.8 |
177.4 |
100.9 |
90.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock
Primary Issue |
2.6 |
2.6 |
2.6 |
2.0 |
2.2 |
|
Total Common Shares Outstanding |
2.6 |
2.6 |
2.6 |
2.0 |
2.2 |
|
Treasury Shares - Common Stock Primary Issue |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employees |
180 |
177 |
177 |
90 |
89 |
|
Number of Common Shareholders |
878 |
697 |
697 |
616 |
517 |
|
Accumulated Intangible Amort, Suppl. |
0.7 |
- |
- |
- |
- |
|
Deferred Revenue - Current |
0.3 |
0.5 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Debt, Supplemental |
46.5 |
43.7 |
29.6 |
3.9 |
3.4 |
|
Long Term Debt Maturing within 1 Year |
6.7 |
4.4 |
0.2 |
2.4 |
0.3 |
|
Long Term Debt Maturing in Year 2 |
8.2 |
6.2 |
4.9 |
0.3 |
2.4 |
|
Long Term Debt Maturing in Year 3 |
9.3 |
8.1 |
5.9 |
0.3 |
0.3 |
|
Long Term Debt Maturing in Year 4 |
10.0 |
8.7 |
5.8 |
0.3 |
0.3 |
|
Long Term Debt Maturing in Year 5 |
- |
8.7 |
- |
- |
- |
|
Long Term Debt Maturing in 2-3 Years |
17.6 |
14.3 |
10.8 |
0.6 |
2.7 |
|
Long Term Debt Maturing in 4-5 Years |
10.0 |
17.4 |
5.8 |
0.3 |
0.3 |
|
Long Term Debt Matur. in Year 6 & Beyond |
12.2 |
7.7 |
12.7 |
0.6 |
0.1 |
Interim Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1067.65 |
1096.95 |
1134.9 |
1140.25 |
1221.965 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
13.2 |
9.4 |
12.6 |
9.2 |
8.6 |
|
Short Term Investments |
0.7 |
14.1 |
15.5 |
6.2 |
9.6 |
|
Cash and Short Term Investments |
13.9 |
23.5 |
28.1 |
15.4 |
18.2 |
|
Accounts
Receivable - Trade, Gross |
- |
59.2 |
44.6 |
58.4 |
50.4 |
|
Provision
for Doubtful Accounts |
- |
-0.8 |
-0.9 |
- |
- |
|
Trade Accounts Receivable - Net |
70.6 |
58.7 |
43.9 |
58.5 |
50.4 |
|
Other Receivables |
- |
2.4 |
2.7 |
7.1 |
2.4 |
|
Total Receivables, Net |
70.6 |
61.1 |
46.6 |
65.6 |
52.8 |
|
Inventories - Finished Goods |
- |
6.2 |
6.6 |
7.3 |
6.8 |
|
Inventories - Work In Progress |
- |
0.1 |
0.1 |
0.1 |
0.1 |
|
Inventories - Raw Materials |
- |
8.1 |
4.8 |
3.6 |
5.4 |
|
Inventories - Other |
- |
11.0 |
20.4 |
10.5 |
12.0 |
|
Total Inventory |
37.0 |
25.5 |
31.9 |
21.5 |
24.2 |
|
Prepaid Expenses |
- |
1.6 |
0.8 |
1.0 |
1.2 |
|
Other Current Assets |
2.8 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Assets, Total |
2.8 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
124.3 |
111.7 |
107.3 |
103.6 |
96.4 |
|
|
|
|
|
|
|
|
Buildings |
- |
33.9 |
32.4 |
30.3 |
28.2 |
|
Land/Improvements |
- |
112.4 |
108.7 |
108.4 |
101.1 |
|
Machinery/Equipment |
- |
117.6 |
111.7 |
105.0 |
97.5 |
|
Construction
in Progress |
- |
12.5 |
5.1 |
8.0 |
3.8 |
|
Other
Property/Plant/Equipment |
- |
5.2 |
4.8 |
1.7 |
3.4 |
|
Property/Plant/Equipment - Gross |
- |
281.6 |
262.7 |
253.3 |
234.0 |
|
Accumulated Depreciation |
- |
-79.7 |
-73.1 |
-66.9 |
-61.1 |
|
Property/Plant/Equipment - Net |
220.9 |
201.9 |
189.6 |
186.4 |
172.9 |
|
Intangibles, Net |
3.9 |
3.8 |
4.0 |
3.7 |
3.5 |
|
LT Investments - Other |
22.9 |
28.6 |
22.3 |
20.4 |
17.3 |
|
Long Term Investments |
22.9 |
28.6 |
22.3 |
20.4 |
17.3 |
|
Note Receivable - Long Term |
- |
- |
- |
1.5 |
1.5 |
|
Other Long Term Assets |
2.5 |
1.6 |
1.5 |
0.1 |
0.0 |
|
Other Long Term Assets, Total |
2.5 |
1.6 |
1.5 |
0.1 |
0.0 |
|
Total Assets |
374.5 |
347.5 |
324.8 |
315.7 |
291.7 |
|
|
|
|
|
|
|
|
Accounts Payable |
47.3 |
19.1 |
13.8 |
10.0 |
9.1 |
|
Accrued Expenses |
- |
8.7 |
10.6 |
8.6 |
8.2 |
|
Notes Payable/Short Term Debt |
55.1 |
56.1 |
47.9 |
49.1 |
49.8 |
|
Current Portion - Long Term Debt/Capital Leases |
7.6 |
6.8 |
6.7 |
6.8 |
6.7 |
|
Dividends Payable |
- |
0.8 |
0.0 |
0.0 |
0.0 |
|
Customer Advances |
0.0 |
0.3 |
0.3 |
0.7 |
0.1 |
|
Security Deposits |
- |
3.7 |
3.8 |
3.3 |
3.1 |
|
Income Taxes Payable |
3.4 |
1.7 |
2.4 |
- |
- |
|
Other Payables |
- |
3.9 |
3.1 |
2.8 |
1.2 |
|
Other Current Liabilities |
- |
0.0 |
0.3 |
3.9 |
3.4 |
|
Other Current liabilities, Total |
3.4 |
10.5 |
9.9 |
10.7 |
7.7 |
|
Total Current Liabilities |
113.5 |
101.1 |
88.8 |
85.2 |
81.6 |
|
|
|
|
|
|
|
|
Long Term Debt |
44.5 |
39.3 |
39.8 |
38.3 |
37.7 |
|
Total Long Term Debt |
44.5 |
39.3 |
39.8 |
38.3 |
37.7 |
|
Total Debt |
107.3 |
102.2 |
94.4 |
94.3 |
94.3 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
21.1 |
20.4 |
19.7 |
19.1 |
18.0 |
|
Deferred Income Tax |
21.1 |
20.4 |
19.7 |
19.1 |
18.0 |
|
Minority Interest |
1.3 |
1.1 |
1.0 |
1.3 |
1.1 |
|
Pension Benefits - Underfunded |
- |
2.0 |
0.1 |
- |
- |
|
Other Long Term Liabilities |
0.1 |
0.1 |
0.1 |
0.2 |
0.2 |
|
Other Liabilities, Total |
0.1 |
2.1 |
0.3 |
0.2 |
0.2 |
|
Total Liabilities |
180.6 |
164.0 |
149.6 |
144.1 |
138.6 |
|
|
|
|
|
|
|
|
Common Stock |
13.3 |
12.9 |
11.9 |
11.9 |
11.1 |
|
Common Stock |
13.3 |
12.9 |
11.9 |
11.9 |
11.1 |
|
Additional Paid-In Capital |
42.6 |
41.5 |
40.1 |
39.2 |
36.6 |
|
Retained Earnings (Accumulated Deficit) |
65.2 |
56.9 |
53.5 |
50.5 |
40.2 |
|
Treasury Stock - Common |
-0.8 |
-0.7 |
-0.7 |
- |
- |
|
Unrealized Gain (Loss) |
- |
72.8 |
70.4 |
- |
- |
|
Translation Adjustment |
- |
0.0 |
-0.1 |
-0.1 |
-0.2 |
|
Other Equity |
-1.3 |
- |
0.0 |
70.1 |
65.4 |
|
Other Comprehensive Income |
74.8 |
0.0 |
0.0 |
- |
- |
|
Other Equity, Total |
73.5 |
0.0 |
-0.1 |
70.0 |
65.2 |
|
Total Equity |
193.9 |
183.5 |
175.1 |
171.6 |
153.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
374.5 |
347.5 |
324.8 |
315.7 |
291.7 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock
Primary Issue |
2.7 |
2.7 |
2.6 |
2.6 |
2.6 |
|
Total Common Shares Outstanding |
2.7 |
2.7 |
2.6 |
2.6 |
2.6 |
|
Treasury Shares - Common Stock Primary Issue |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employees |
- |
180 |
180 |
177 |
177 |
|
Number of Common Shareholders |
- |
- |
878 |
- |
- |
|
Accumulated Intangible Amort, Suppl. |
- |
0.7 |
0.7 |
- |
- |
|
Deferred Revenue - Current |
- |
0.3 |
0.3 |
0.7 |
0.1 |
|
Total Long Term Debt, Supplemental |
- |
46.1 |
46.5 |
44.5 |
37.7 |
|
Long Term Debt Maturing within 1 Year |
- |
5.1 |
6.7 |
6.4 |
3.1 |
|
Long Term Debt Maturing in Year 2 |
- |
8.6 |
8.2 |
1.6 |
7.9 |
|
Long Term Debt Maturing in Year 3 |
- |
9.4 |
9.3 |
8.2 |
8.6 |
|
Long Term Debt Maturing in Year 4 |
- |
10.3 |
10.0 |
9.0 |
8.9 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
- |
9.4 |
- |
|
Long Term Debt Maturing in 2-3 Years |
- |
18.1 |
17.6 |
9.8 |
16.5 |
|
Long Term Debt Maturing in 4-5 Years |
- |
10.3 |
10.0 |
18.4 |
8.9 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
12.6 |
12.2 |
10.0 |
9.2 |
Annual Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Yeil Accounting |
Yeil Accounting |
Yeil Accounting |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
18.4 |
10.5 |
7.9 |
3.8 |
4.9 |
|
Depreciation |
13.5 |
10.9 |
9.1 |
6.2 |
6.0 |
|
Depreciation/Depletion |
13.5 |
10.9 |
9.1 |
6.2 |
6.0 |
|
Amortization of Intangibles |
0.2 |
0.2 |
0.2 |
0.0 |
0.0 |
|
Amortization |
0.2 |
0.2 |
0.2 |
0.0 |
0.0 |
|
Deferred Taxes |
0.0 |
0.4 |
-0.1 |
0.0 |
0.0 |
|
Unusual Items |
0.0 |
2.9 |
1.4 |
0.6 |
0.3 |
|
Equity in Net Earnings (Loss) |
- |
-1.4 |
0.0 |
-0.1 |
0.1 |
|
Other Non-Cash Items |
6.0 |
0.3 |
1.9 |
2.0 |
1.5 |
|
Non-Cash Items |
6.0 |
1.8 |
3.3 |
2.6 |
2.0 |
|
Accounts Receivable |
8.1 |
1.3 |
-31.4 |
0.6 |
-2.3 |
|
Inventories |
-13.2 |
13.1 |
-32.6 |
1.1 |
-0.6 |
|
Prepaid Expenses |
1.0 |
0.4 |
0.0 |
0.0 |
0.2 |
|
Other Assets |
- |
0.2 |
-0.5 |
- |
- |
|
Accounts Payable |
7.3 |
-10.5 |
13.4 |
2.8 |
0.7 |
|
Accrued Expenses |
- |
0.4 |
7.5 |
0.2 |
-0.3 |
|
Taxes Payable |
-1.2 |
-0.9 |
1.9 |
-1.1 |
0.3 |
|
Other Liabilities |
-0.8 |
1.0 |
-1.1 |
-2.0 |
-0.7 |
|
Other Operating Cash Flow |
-1.9 |
- |
- |
- |
- |
|
Changes in Working Capital |
-0.7 |
5.0 |
-43.0 |
1.5 |
-2.6 |
|
Cash from Operating Activities |
37.4 |
28.8 |
-22.5 |
14.1 |
10.3 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-17.2 |
-16.9 |
-57.4 |
-21.6 |
-9.5 |
|
Purchase/Acquisition of
Intangibles |
-0.7 |
0.0 |
-0.2 |
- |
- |
|
Capital Expenditures |
-17.8 |
-16.9 |
-57.6 |
-21.6 |
-9.5 |
|
Sale of Fixed Assets |
0.5 |
0.2 |
0.1 |
4.8 |
0.1 |
|
Sale/Maturity of Investment |
21.5 |
6.1 |
0.1 |
1.1 |
0.5 |
|
Purchase of Investments |
-37.8 |
-8.4 |
-0.1 |
-1.0 |
-0.6 |
|
Other Investing Cash Flow |
1.4 |
-2.0 |
0.1 |
-2.7 |
0.0 |
|
Other Investing Cash Flow Items, Total |
-14.3 |
-4.1 |
0.3 |
2.2 |
0.0 |
|
Cash from Investing Activities |
-32.2 |
-21.0 |
-57.3 |
-19.4 |
-9.5 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-1.3 |
0.0 |
0.0 |
- |
- |
|
Financing Cash Flow Items |
-1.3 |
0.0 |
0.0 |
- |
- |
|
Total Cash Dividends Paid |
-0.5 |
-1.2 |
-0.9 |
-1.2 |
-1.2 |
|
Sale/Issuance
of Common |
0.0 |
0.0 |
12.9 |
- |
- |
|
Common Stock, Net |
0.0 |
0.0 |
12.9 |
- |
- |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
12.9 |
- |
- |
|
Short Term
Debt Issued |
- |
41.8 |
79.1 |
22.4 |
6.5 |
|
Short Term
Debt Reduction |
-5.4 |
-54.4 |
-35.0 |
-16.4 |
-7.6 |
|
Short Term Debt, Net |
-5.4 |
-12.6 |
44.0 |
6.0 |
-1.1 |
|
Long Term
Debt Issued |
5.7 |
11.5 |
32.6 |
0.8 |
2.1 |
|
Long Term
Debt Reduction |
-5.3 |
-0.2 |
-2.0 |
-0.3 |
-0.4 |
|
Long Term Debt, Net |
0.4 |
11.3 |
30.5 |
0.5 |
1.7 |
|
Issuance (Retirement) of Debt, Net |
-5.0 |
-1.2 |
74.6 |
6.6 |
0.6 |
|
Cash from Financing Activities |
-6.8 |
-2.4 |
86.7 |
5.3 |
-0.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
- |
- |
- |
- |
|
Net Change in Cash |
-1.5 |
5.4 |
6.9 |
0.0 |
0.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
13.9 |
7.1 |
1.3 |
1.5 |
1.3 |
|
Net Cash - Ending Balance |
12.3 |
12.5 |
8.2 |
1.5 |
1.5 |
|
Cash Interest Paid |
1.8 |
- |
- |
- |
- |
|
Cash Taxes Paid |
1.9 |
- |
- |
- |
- |
Interim Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
6 Months |
3 Months |
12 Months |
9 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1101.856011 |
1120.28956 |
1156.281981 |
1164.307745 |
1155.056202 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
10.1 |
3.9 |
18.4 |
16.0 |
8.7 |
|
Depreciation |
6.6 |
3.6 |
13.5 |
9.8 |
6.4 |
|
Depreciation/Depletion |
6.6 |
3.6 |
13.5 |
9.8 |
6.4 |
|
Amortization of Intangibles |
0.1 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Amortization |
0.1 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Deferred Taxes |
- |
0.0 |
0.0 |
- |
- |
|
Unusual Items |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Non-Cash Items |
6.4 |
1.0 |
6.0 |
4.7 |
6.4 |
|
Non-Cash Items |
6.4 |
1.0 |
6.0 |
4.7 |
6.5 |
|
Accounts Receivable |
-15.8 |
-13.3 |
8.1 |
-7.2 |
-3.1 |
|
Inventories |
-7.8 |
7.3 |
-13.2 |
1.3 |
-4.1 |
|
Prepaid Expenses |
- |
-0.8 |
1.0 |
- |
- |
|
Other Assets |
4.2 |
0.0 |
- |
1.8 |
-2.8 |
|
Accounts Payable |
13.5 |
5.4 |
7.3 |
2.1 |
0.3 |
|
Accrued Expenses |
- |
-2.3 |
- |
- |
- |
|
Taxes Payable |
0.5 |
-1.9 |
-1.2 |
- |
- |
|
Other Liabilities |
-3.7 |
-0.8 |
-0.8 |
-1.5 |
-1.4 |
|
Other Operating Cash Flow |
-6.0 |
0.0 |
-1.9 |
-3.0 |
-1.9 |
|
Changes in Working Capital |
-15.0 |
-6.3 |
-0.7 |
-6.6 |
-13.1 |
|
Cash from Operating Activities |
8.1 |
2.2 |
37.4 |
24.2 |
8.5 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-25.3 |
-9.7 |
-17.2 |
-10.7 |
-6.2 |
|
Purchase/Acquisition of
Intangibles |
-0.1 |
0.0 |
-0.7 |
0.0 |
-0.3 |
|
Capital Expenditures |
-25.4 |
-9.7 |
-17.8 |
-10.8 |
-6.6 |
|
Sale of Fixed Assets |
0.0 |
0.0 |
0.5 |
0.1 |
- |
|
Sale/Maturity of Investment |
30.0 |
9.2 |
21.5 |
15.3 |
8.4 |
|
Purchase of Investments |
-13.9 |
-12.7 |
-37.8 |
-20.5 |
-15.9 |
|
Sale of Intangible Assets |
- |
0.3 |
- |
- |
- |
|
Other Investing Cash Flow |
-6.3 |
1.7 |
1.4 |
-3.1 |
1.3 |
|
Other Investing Cash Flow Items, Total |
9.8 |
-1.5 |
-14.3 |
-8.3 |
-6.1 |
|
Cash from Investing Activities |
-15.6 |
-11.2 |
-32.2 |
-19.1 |
-12.7 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
- |
-0.5 |
-1.3 |
-0.1 |
0.2 |
|
Financing Cash Flow Items |
- |
-0.5 |
-1.3 |
-0.1 |
0.2 |
|
Total Cash Dividends Paid |
-0.8 |
- |
-0.5 |
-0.5 |
-0.5 |
|
Sale/Issuance
of Common |
- |
- |
0.0 |
- |
- |
|
Repurchase/Retirement
of Common |
0.0 |
- |
- |
0.0 |
0.0 |
|
Common Stock, Net |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Short Term
Debt Issued |
70.9 |
39.8 |
- |
55.9 |
53.0 |
|
Short Term
Debt Reduction |
-65.9 |
-33.5 |
-5.4 |
-64.4 |
-54.6 |
|
Short Term Debt, Net |
5.1 |
6.3 |
-5.4 |
-8.5 |
-1.5 |
|
Long Term
Debt Issued |
6.5 |
- |
5.7 |
2.9 |
2.9 |
|
Long Term
Debt Reduction |
-3.5 |
-0.2 |
-5.3 |
-3.6 |
-1.6 |
|
Long Term Debt, Net |
3.0 |
-0.2 |
0.4 |
-0.7 |
1.3 |
|
Issuance (Retirement) of Debt, Net |
8.1 |
6.1 |
-5.0 |
-9.3 |
-0.3 |
|
Cash from Financing Activities |
7.2 |
5.6 |
-6.8 |
-9.9 |
-0.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Net Change in Cash |
-0.2 |
-3.5 |
-1.5 |
-4.8 |
-4.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
12.9 |
12.7 |
13.9 |
13.8 |
13.9 |
|
Net Cash - Ending Balance |
12.7 |
9.3 |
12.3 |
9.0 |
9.1 |
|
Cash Interest Paid |
1.3 |
0.5 |
1.8 |
2.2 |
1.5 |
|
Cash Taxes Paid |
4.9 |
- |
1.9 |
1.2 |
0.6 |
Annual Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Yeil Accounting |
Yeil Accounting |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Sales Revenue |
307.7 |
- |
- |
- |
- |
|
Sales Revenue of Finished Goods |
- |
122.7 |
93.9 |
70.5 |
65.7 |
|
Finished Product Export Sales |
- |
106.4 |
95.4 |
- |
- |
|
Merchandise Revenues |
- |
15.2 |
20.1 |
20.9 |
28.0 |
|
Merchandise Export Sales |
- |
0.2 |
0.1 |
- |
- |
|
Other Revenue |
- |
0.2 |
0.4 |
0.6 |
0.5 |
|
Total Revenue |
307.7 |
244.7 |
209.8 |
92.0 |
94.1 |
|
|
|
|
|
|
|
|
Cost Manufacturing |
- |
188.2 |
148.5 |
52.2 |
49.8 |
|
Merchandise Cost |
- |
12.9 |
19.2 |
17.8 |
23.2 |
|
Costs of Goods and Services Sold |
247.7 |
- |
- |
- |
- |
|
Salaries & Wages |
2.9 |
1.9 |
1.6 |
1.4 |
1.2 |
|
Retirement Allowance |
0.2 |
0.6 |
0.4 |
1.6 |
0.4 |
|
Employee Benefits |
0.4 |
0.3 |
0.3 |
0.3 |
0.2 |
|
Travel Expenses |
0.3 |
0.2 |
0.3 |
0.1 |
0.2 |
|
Communication Exp. |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Utility Expenses |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Taxes and Dues |
0.0 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Repair Expenses |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Insurance Expenses |
0.3 |
0.3 |
0.2 |
0.0 |
0.0 |
|
Entertainment |
0.3 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Advertising Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Shipping/Handling |
24.8 |
18.0 |
18.7 |
10.4 |
9.6 |
|
Commissions Paid |
1.0 |
2.0 |
1.2 |
0.2 |
0.2 |
|
Sales Commission |
0.4 |
0.2 |
0.1 |
- |
- |
|
Expenses of Allowance for Doubtful
Accou |
0.6 |
0.4 |
- |
- |
0.0 |
|
Consumable Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Vehicle & Transport. |
0.2 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Book Expenses |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Depreciation Expense |
1.1 |
0.9 |
0.6 |
0.7 |
0.5 |
|
Office Supplies |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Amortization-Intangibles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Expense for Training |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rent |
0.2 |
0.1 |
0.0 |
- |
- |
|
Expense-Samples |
0.0 |
0.0 |
0.0 |
- |
- |
|
Packaging Expense |
0.9 |
0.6 |
0.4 |
- |
- |
|
Miscellaneous Operating Expense |
0.1 |
0.3 |
0.5 |
0.1 |
0.1 |
|
Gains on Foreign Currency
Transactions |
-3.8 |
- |
- |
- |
- |
|
Gains on Foreign Currency
Translation |
-0.5 |
- |
- |
- |
- |
|
Gains on Sale of Property, Plant
and Equ |
0.0 |
- |
- |
- |
- |
|
Other Operating Income |
-0.2 |
- |
- |
- |
- |
|
Adjustment for Other Operating
Income |
0.0 |
- |
- |
- |
- |
|
Adjustment for Selling and
Administrativ |
0.0 |
- |
- |
- |
- |
|
Losses on Foreign Currency
Transactions, |
5.5 |
- |
- |
- |
- |
|
Losses on Foreign Currency
Translation,O |
0.2 |
- |
- |
- |
- |
|
Losses on Sale of Trading
Securities,OE |
0.0 |
- |
- |
- |
- |
|
Losses on Sale of Available for
Sale Sec |
0.0 |
- |
- |
- |
- |
|
Losses on Sale of Property, Plant
and Eq |
0.0 |
- |
- |
- |
- |
|
Donations Paid |
0.3 |
- |
- |
- |
- |
|
Miscellaneous Losses,OE |
0.4 |
- |
- |
- |
- |
|
Adjustment for Other Operating
Expense |
0.0 |
- |
- |
- |
- |
|
Total Operating Expense |
283.5 |
227.4 |
192.5 |
85.2 |
85.9 |
|
|
|
|
|
|
|
|
Interest Income |
0.4 |
0.3 |
0.4 |
0.1 |
0.1 |
|
Dividend Income |
- |
- |
0.0 |
0.0 |
0.0 |
|
Gain-Foreign Exchange Transaction |
- |
4.3 |
4.0 |
0.1 |
0.2 |
|
Gain-Foreign Currency Translation |
- |
1.4 |
2.1 |
0.0 |
0.1 |
|
Gain-Disposal of Tangible Assets |
- |
0.0 |
0.0 |
- |
- |
|
Recovery-Doubtful Accounts |
- |
- |
0.0 |
0.1 |
0.0 |
|
Miscellaneous Income |
- |
0.1 |
0.2 |
0.1 |
0.1 |
|
Interest Expense, Non-Operating |
-2.5 |
-3.0 |
-3.5 |
-0.8 |
-0.6 |
|
Loss-Foreign Exchange Transaction |
- |
-5.7 |
-5.0 |
-0.1 |
0.0 |
|
Loss-Foreign Currency Translation |
- |
-0.3 |
-3.0 |
0.0 |
0.0 |
|
L-Secs for Sale Disposal |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Losses on Sale of Equity Method
Securiti |
- |
0.0 |
- |
- |
- |
|
Loss-Valuation of inventory |
- |
0.0 |
-0.1 |
- |
- |
|
L-Trade Receivables Disposal |
-0.3 |
0.0 |
-0.2 |
-0.3 |
-0.3 |
|
Loss Disp Tang. Ast |
- |
-2.9 |
-1.4 |
-0.6 |
0.0 |
|
Adjustment for Finance Expense |
0.0 |
- |
- |
- |
- |
|
Depreciation of Idle Assets not
Operatio |
- |
0.0 |
- |
- |
- |
|
Donations Paid |
- |
-0.4 |
-0.3 |
-0.2 |
-0.2 |
|
Addl Income Tax Paid |
- |
- |
- |
0.0 |
-0.6 |
|
Miscellaneous Exp. |
- |
0.0 |
0.0 |
0.0 |
-0.2 |
|
Gains on Valuation of Equity
Method Secu |
- |
1.4 |
- |
0.1 |
- |
|
Loss under Equity Method |
- |
- |
0.0 |
- |
-0.1 |
|
Net Income Before Taxes |
21.8 |
12.4 |
10.6 |
5.2 |
6.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
3.4 |
1.9 |
2.7 |
1.4 |
1.8 |
|
Net Income After Taxes |
18.4 |
10.5 |
7.9 |
3.8 |
4.9 |
|
|
|
|
|
|
|
|
Minority Interest |
0.2 |
- |
- |
- |
- |
|
Net Income Before Extra. Items |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
Net Income |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
2.6 |
2.6 |
2.5 |
2.2 |
2.2 |
|
Basic EPS Excluding ExtraOrdinary Items |
7.11 |
4.03 |
3.20 |
1.75 |
2.28 |
|
Basic EPS Including ExtraOrdinary Item |
7.11 |
4.03 |
3.20 |
1.75 |
2.28 |
|
Diluted Net Income |
18.6 |
10.5 |
7.9 |
3.8 |
4.9 |
|
Diluted Weighted Average Shares |
2.6 |
2.6 |
2.5 |
2.2 |
2.2 |
|
Diluted EPS Excluding ExtraOrd Items |
7.11 |
4.03 |
3.20 |
1.75 |
2.28 |
|
Diluted EPS Including ExtraOrd Items |
7.11 |
4.03 |
3.20 |
1.75 |
2.28 |
|
DPS-Common Stock |
0.30 |
0.19 |
0.52 |
0.51 |
0.55 |
|
Gross Dividends - Common Stock |
0.8 |
0.5 |
1.4 |
1.0 |
1.2 |
|
Normalized Income Before Taxes |
22.1 |
15.3 |
12.2 |
6.1 |
7.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
3.4 |
2.3 |
3.1 |
1.6 |
1.9 |
|
Normalized Income After Taxes |
18.7 |
13.0 |
9.2 |
4.4 |
5.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
18.8 |
13.0 |
9.2 |
4.4 |
5.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
7.21 |
4.97 |
3.69 |
2.06 |
2.40 |
|
Diluted Normalized EPS |
7.21 |
4.97 |
3.69 |
2.06 |
2.40 |
|
Interest Expense, Supplemental |
2.5 |
3.0 |
3.5 |
0.8 |
0.6 |
|
Rental Expense, Supplemental |
0.2 |
0.1 |
0.0 |
- |
- |
|
Advertising Expense, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Research & Development , Supplemental |
0.2 |
- |
- |
0.0 |
0.0 |
|
Depreciation, Supplemental |
13.5 |
10.9 |
9.1 |
6.2 |
6.0 |
|
Amort of Intangibles, Supplemental |
0.2 |
0.2 |
0.2 |
0.0 |
0.0 |
Interim Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Restated
Calculated |
Updated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1083.436022 |
1120.28956 |
1132.465591 |
1183.132366 |
1164.000484 |
|
|
|
|
|
|
|
|
Sales Revenue |
89.8 |
86.2 |
86.4 |
70.9 |
75.3 |
|
Total Revenue |
89.8 |
86.2 |
86.4 |
70.9 |
75.3 |
|
|
|
|
|
|
|
|
Cost-Revenue |
71.7 |
73.2 |
74.0 |
57.5 |
57.2 |
|
Selling, General and
Administrative Expe |
8.7 |
8.8 |
9.2 |
8.1 |
8.1 |
|
Other Operating Income |
-1.7 |
-2.7 |
-0.4 |
-3.2 |
0.3 |
|
Other Operating Expense |
0.4 |
0.7 |
0.8 |
0.0 |
3.5 |
|
Total Operating Expense |
79.2 |
80.1 |
83.6 |
62.4 |
69.0 |
|
|
|
|
|
|
|
|
Interest Income |
- |
- |
- |
- |
0.2 |
|
Financial Income |
0.1 |
0.3 |
0.0 |
0.1 |
- |
|
Financial Epxense |
-0.7 |
-0.6 |
-0.7 |
-0.7 |
-0.7 |
|
Adjustment |
- |
- |
- |
- |
- |
|
Net Income Before Taxes |
10.0 |
5.9 |
2.1 |
8.0 |
5.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
4.7 |
1.2 |
-0.2 |
0.7 |
2.3 |
|
Net Income After Taxes |
5.4 |
4.8 |
2.3 |
7.3 |
3.4 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.3 |
0.1 |
-0.1 |
0.1 |
0.0 |
|
Net Income Before Extra. Items |
5.1 |
4.8 |
2.2 |
7.4 |
3.4 |
|
Net Income |
5.1 |
4.8 |
2.2 |
7.4 |
3.4 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
5.1 |
4.8 |
2.2 |
7.4 |
3.4 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
5.1 |
4.8 |
2.2 |
7.4 |
3.4 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
2.7 |
2.7 |
2.6 |
2.6 |
2.6 |
|
Basic EPS Excluding ExtraOrdinary Items |
1.86 |
1.76 |
0.86 |
2.82 |
1.30 |
|
Basic EPS Including ExtraOrdinary Item |
1.86 |
1.76 |
0.86 |
2.82 |
1.30 |
|
Dilution Adjustment |
0.0 |
0.0 |
- |
- |
0.0 |
|
Diluted Net Income |
5.1 |
4.8 |
2.2 |
7.4 |
3.4 |
|
Diluted Weighted Average Shares |
2.7 |
2.7 |
2.6 |
2.6 |
2.6 |
|
Diluted EPS Excluding ExtraOrd Items |
1.86 |
1.76 |
0.86 |
2.82 |
1.30 |
|
Diluted EPS Including ExtraOrd Items |
1.86 |
1.76 |
0.86 |
2.82 |
1.30 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.31 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.8 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
10.0 |
5.9 |
2.1 |
8.0 |
5.7 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
4.7 |
1.2 |
-0.2 |
0.7 |
2.3 |
|
Normalized Income After Taxes |
5.4 |
4.8 |
2.3 |
7.3 |
3.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
5.1 |
4.8 |
2.2 |
7.4 |
3.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.86 |
1.76 |
0.86 |
2.82 |
1.30 |
|
Diluted Normalized EPS |
1.86 |
1.76 |
0.86 |
2.82 |
1.30 |
|
Interest Expense, Supplemental |
0.3 |
0.3 |
0.4 |
0.7 |
0.5 |
|
Rental Expense, Supplemental |
- |
- |
0.1 |
0.1 |
- |
|
Advertising Expense, Supplemental |
- |
- |
0.0 |
0.0 |
- |
|
Depreciation, Supplemental |
3.0 |
3.6 |
3.7 |
3.4 |
3.1 |
|
Amort of Intangibles, Supplemental |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
Annual Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
Yeil Accounting |
Yeil Accounting |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash and Cash Equivalents |
12.6 |
13.7 |
7.1 |
1.5 |
1.5 |
|
Short-term deposit |
- |
- |
- |
0.0 |
0.4 |
|
Short-term Loans |
1.5 |
1.9 |
- |
1.6 |
- |
|
Current Financial Assets |
15.5 |
2.6 |
- |
- |
- |
|
Held-to-Maturity Securities
Current |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Trade Receivable |
44.6 |
41.2 |
39.8 |
15.5 |
16.3 |
|
Allowance for Doubtful Accounts
for Trad |
-0.9 |
-0.9 |
-0.4 |
-0.4 |
-0.3 |
|
Other Receivables |
1.2 |
- |
- |
0.9 |
0.6 |
|
Accrued Income |
0.2 |
0.0 |
- |
0.0 |
0.0 |
|
Adjsutment for Trade and Other Receivabl |
0.0 |
- |
- |
- |
- |
|
Advance Payments |
4.6 |
5.2 |
2.6 |
0.6 |
0.2 |
|
Prepaid VAT |
0.7 |
1.2 |
1.6 |
- |
- |
|
Prepaid Expenses Total |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Income Taxes Assets
Current |
- |
0.0 |
0.2 |
0.2 |
0.2 |
|
Adjustment for Other Current
Assets |
0.0 |
- |
- |
- |
- |
|
Merchandises |
0.4 |
0.4 |
0.0 |
0.1 |
0.1 |
|
Finished Goods |
6.2 |
5.2 |
9.8 |
0.6 |
1.0 |
|
Allowance for Loss on Valuation of
Finis |
- |
-0.1 |
0.0 |
- |
- |
|
Works in Process |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Supplies |
0.1 |
0.0 |
0.2 |
0.2 |
0.1 |
|
Raw Materials |
4.8 |
4.6 |
4.5 |
0.9 |
0.7 |
|
Goods in Transit |
15.7 |
2.4 |
11.9 |
0.2 |
1.6 |
|
Other Receivables |
- |
0.7 |
0.1 |
- |
- |
|
Allowance for Doubtful Accounts
for Othe |
- |
0.0 |
0.0 |
- |
- |
|
Adjustment for Inventory |
0.0 |
- |
- |
- |
- |
|
Total Current Assets |
107.3 |
78.5 |
77.3 |
22.1 |
22.5 |
|
|
|
|
|
|
|
|
LT Loan |
- |
- |
0.0 |
0.0 |
- |
|
Long-term Financial assets |
0.5 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Secs for Sale |
4.0 |
0.5 |
0.4 |
0.6 |
0.6 |
|
Held-to-Maturity Securities in
Investmen |
0.3 |
0.3 |
0.3 |
0.4 |
0.1 |
|
Investment in Properties |
17.4 |
- |
- |
- |
- |
|
Other Investment Assets |
0.1 |
0.4 |
0.4 |
- |
- |
|
Equity Method Securities |
- |
6.9 |
0.1 |
0.2 |
0.1 |
|
Deposits Provided |
1.5 |
2.5 |
2.1 |
1.2 |
0.2 |
|
Deferred Tax |
- |
- |
0.0 |
- |
0.0 |
|
Land |
108.7 |
121.2 |
30.7 |
36.9 |
32.2 |
|
Buildings |
- |
12.5 |
15.5 |
6.9 |
6.5 |
|
Accumulated Depreciation for
Buildings |
- |
-1.6 |
-1.2 |
-1.1 |
-1.0 |
|
Structures |
- |
12.6 |
11.6 |
13.0 |
12.6 |
|
Accumulated Depreciation for
Structures |
- |
-5.7 |
-4.5 |
-5.0 |
-4.3 |
|
Buildings&Structures |
32.4 |
- |
- |
- |
- |
|
Accumulated Depreciation for
Buildings&S |
-7.9 |
- |
- |
- |
- |
|
Machinery |
111.7 |
96.4 |
78.6 |
61.0 |
54.7 |
|
Accumulated Depreciation for
Machinery |
-61.8 |
-49.6 |
-37.6 |
-41.6 |
-36.9 |
|
Tools |
- |
1.9 |
1.7 |
1.3 |
1.3 |
|
Accumulated Depreciation for Tools |
- |
-1.1 |
-1.0 |
-1.2 |
-1.2 |
|
Vehicles |
- |
0.4 |
0.4 |
0.3 |
0.3 |
|
Accumulated Depreciation for
Vehicles |
- |
-0.2 |
-0.2 |
-0.3 |
-0.3 |
|
Other Tangible Assets |
4.8 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Accumulated Depreciation for Other
Tangi |
-3.3 |
-0.4 |
-0.4 |
-0.5 |
-0.5 |
|
Construction in Progress |
5.1 |
0.8 |
0.8 |
6.2 |
3.0 |
|
Adjustment for Tangible Assets |
0.0 |
- |
- |
- |
- |
|
Industrial Property Rights |
4.0 |
1.8 |
1.9 |
0.0 |
0.0 |
|
Total Assets |
324.8 |
278.8 |
177.4 |
100.9 |
90.6 |
|
|
|
|
|
|
|
|
Trade Payable |
13.8 |
7.9 |
18.3 |
8.6 |
6.1 |
|
Short-term Borrowings |
47.9 |
40.5 |
50.1 |
15.7 |
9.7 |
|
Other Payables |
3.1 |
0.6 |
0.3 |
0.6 |
0.4 |
|
Withholdings |
0.3 |
0.1 |
0.1 |
0.3 |
0.5 |
|
Sec Dep Withheld |
3.8 |
3.2 |
1.2 |
1.6 |
1.7 |
|
Adjustment for Trade and Other
Liabiliti |
0.0 |
- |
- |
- |
- |
|
Accrued Expenses |
10.6 |
9.1 |
8.1 |
2.0 |
1.8 |
|
Dividend Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Taxes Payable |
2.4 |
0.9 |
2.0 |
0.5 |
1.6 |
|
VAT Withheld |
- |
1.2 |
0.4 |
- |
- |
|
Advance for Customers |
0.3 |
0.5 |
0.0 |
0.0 |
0.0 |
|
Current Portion of Long-term
Liabilities |
- |
4.4 |
0.2 |
2.4 |
0.3 |
|
Current Portion of Long-term Debt |
6.7 |
- |
- |
- |
- |
|
Total Current Liabilities |
88.8 |
68.4 |
80.6 |
31.7 |
22.1 |
|
|
|
|
|
|
|
|
Long-term Borrowings |
39.8 |
39.3 |
29.4 |
1.5 |
3.0 |
|
Total Long Term Debt |
39.8 |
39.3 |
29.4 |
1.5 |
3.0 |
|
|
|
|
|
|
|
|
Deferred Income Taxes Liabilities
Non-cu |
19.7 |
19.6 |
- |
0.0 |
- |
|
Leasehold Deposits Received Non Current |
0.1 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Retire Reserve |
- |
- |
- |
0.6 |
0.4 |
|
Provisions for Retirement and
Severance |
- |
5.6 |
4.4 |
- |
- |
|
Deposits for Retirement and
Severance Be |
- |
-5.6 |
-4.4 |
- |
- |
|
Transfer to National Pension Fund |
- |
0.0 |
0.0 |
- |
- |
|
LT Defined Benefit Liabilities |
0.1 |
- |
- |
- |
- |
|
Minority Interest |
1.0 |
- |
- |
- |
- |
|
Total Liabilities |
149.6 |
127.5 |
110.1 |
34.0 |
25.8 |
|
|
|
|
|
|
|
|
Common Stock |
11.9 |
11.1 |
10.3 |
10.6 |
10.7 |
|
Paid-in Capital |
13.9 |
13.6 |
12.6 |
4.9 |
4.9 |
|
Other Capital |
0.7 |
0.6 |
0.6 |
0.8 |
0.8 |
|
Gains on Sale of Treasury Stock |
0.0 |
- |
- |
- |
- |
|
Asset Revalued |
25.5 |
24.8 |
23.0 |
30.9 |
31.1 |
|
Adjustment for Capital Surplus |
0.0 |
- |
- |
- |
- |
|
Appropriated Retained Earnings for
Statu |
4.1 |
3.5 |
2.9 |
3.5 |
2.8 |
|
Appropriated Retained Earnings for
Volun |
0.5 |
0.5 |
0.6 |
- |
- |
|
Appropriated Retained Earnings for
Finan |
- |
- |
- |
- |
0.6 |
|
Reserves for L-Treasury Stock
Disposal |
- |
- |
- |
0.6 |
0.2 |
|
Retained Earnings Before
Appropriations |
48.9 |
29.5 |
18.0 |
16.4 |
14.5 |
|
Adjustment for Retained Earnings |
0.0 |
- |
- |
- |
- |
|
Gains on Revaluation |
70.4 |
- |
- |
- |
- |
|
Revaluation Adjustment |
- |
68.6 |
- |
- |
- |
|
Treasury Stock |
-0.7 |
-0.7 |
-0.6 |
-0.8 |
-0.9 |
|
Gains on Cumulative Effect of
Foreign Cu |
-0.1 |
-0.3 |
0.0 |
- |
- |
|
Adjustment for Accumulated Other
Compreh |
0.0 |
- |
- |
- |
- |
|
Adjustment |
- |
- |
- |
- |
- |
|
Total Equity |
175.1 |
151.3 |
67.3 |
66.9 |
64.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
324.8 |
278.8 |
177.4 |
100.9 |
90.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
2.6 |
2.6 |
2.6 |
2.0 |
2.2 |
|
Total Common Shares Outstanding |
2.6 |
2.6 |
2.6 |
2.0 |
2.2 |
|
T/S-Common Stock |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Deferred Revenue, Current |
0.3 |
0.5 |
0.0 |
0.0 |
0.0 |
|
Accumulated Intangible Amort, Suppl. |
0.7 |
- |
- |
- |
- |
|
Full-Time Employees |
180 |
177 |
177 |
90 |
89 |
|
Number of Common Shareholders |
878 |
697 |
697 |
616 |
517 |
|
Long Term Debt Due Within 1 Year |
6.7 |
4.4 |
0.2 |
2.4 |
0.3 |
|
Long Term Debt Due Within 2 Years |
8.2 |
6.2 |
4.9 |
0.3 |
2.4 |
|
Long Term Debt Due Within 3 Years |
9.3 |
8.1 |
5.9 |
0.3 |
0.3 |
|
Long Term Debt Due Within 4 Years |
10.0 |
8.7 |
5.8 |
0.3 |
0.3 |
|
Long Term Debt Due Within 5 Years |
- |
8.7 |
- |
- |
- |
|
Long Term Debt Due-Remaining Mat. |
12.2 |
7.7 |
12.7 |
0.6 |
0.1 |
|
Total Long Term Debt, Supplemental |
46.5 |
43.7 |
29.6 |
3.9 |
3.4 |
Interim Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1067.65 |
1096.95 |
1134.9 |
1140.25 |
1221.965 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
13.2 |
9.4 |
12.6 |
9.2 |
8.6 |
|
Short-term Financial Instruments |
0.7 |
14.1 |
15.5 |
6.2 |
9.6 |
|
Held-to-Maturity Securities
Current |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Trade and Other Receivables |
70.6 |
- |
- |
- |
- |
|
Trade Receivable |
- |
59.2 |
44.6 |
58.4 |
50.4 |
|
Reserve-Doubtful Account |
- |
-0.8 |
-0.9 |
- |
- |
|
Short-term Loans |
- |
- |
1.5 |
4.6 |
- |
|
Other Receivable, |
- |
2.4 |
1.2 |
2.6 |
2.4 |
|
Accrued Income |
- |
0.3 |
0.2 |
0.1 |
0.1 |
|
Adjustment for Trade
Receivable& Other |
- |
0.0 |
0.0 |
- |
- |
|
Advanced Payment |
- |
8.7 |
4.6 |
4.3 |
8.2 |
|
Prepaid Expense |
- |
0.1 |
0.1 |
0.1 |
0.1 |
|
Prepaid VAT |
- |
1.5 |
0.7 |
1.0 |
1.1 |
|
Adjustment for Other Current
Assets |
- |
0.0 |
0.0 |
0.0 |
- |
|
Other Current Assets |
2.8 |
- |
- |
- |
- |
|
Merchandises |
- |
0.1 |
0.4 |
0.5 |
0.2 |
|
Finished Goods |
- |
6.1 |
6.2 |
6.8 |
6.5 |
|
Work in Progress |
- |
0.1 |
0.1 |
0.1 |
0.1 |
|
Raw Materials |
- |
8.1 |
4.8 |
3.6 |
5.4 |
|
Stored Goods |
- |
0.2 |
0.1 |
0.0 |
0.0 |
|
Goods in Transit |
- |
2.1 |
15.7 |
6.2 |
3.8 |
|
Adjustment for Inventory |
- |
0.0 |
0.0 |
0.0 |
- |
|
Inventories |
37.0 |
- |
- |
- |
- |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Total Current Assets |
124.3 |
111.7 |
107.3 |
103.6 |
96.4 |
|
|
|
|
|
|
|
|
Securities Available for Sale |
3.3 |
9.6 |
4.0 |
2.2 |
0.5 |
|
Long-term Financial Instruments |
0.7 |
0.6 |
0.5 |
0.4 |
0.3 |
|
Securities Held to Maturities |
0.4 |
0.3 |
0.3 |
0.3 |
0.3 |
|
Investment in Properties |
18.5 |
18.0 |
17.4 |
17.3 |
16.2 |
|
Other Investment Assets |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
LT Trade Receivable & Other
Receivable |
- |
- |
- |
1.5 |
1.5 |
|
Confirmed Payment Assets |
- |
- |
- |
0.1 |
- |
|
LT Security Deposit |
1.6 |
1.6 |
1.5 |
- |
- |
|
Defined Benefit Assets |
0.9 |
- |
- |
- |
- |
|
Land |
- |
112.4 |
108.7 |
108.4 |
101.1 |
|
Buildings |
- |
- |
- |
30.3 |
28.2 |
|
Buildings-Depreciation |
- |
- |
- |
-7.6 |
-6.8 |
|
Buildings&Structures |
- |
33.9 |
32.4 |
- |
- |
|
Accumulated Depreciation for
Buildings&S |
- |
-8.5 |
-7.9 |
- |
- |
|
Machinery & Equipment |
- |
117.6 |
111.7 |
105.0 |
97.5 |
|
Machinery &
Equipment-Depreciation |
- |
-67.8 |
-61.8 |
-59.3 |
-52.3 |
|
Construction in Progress |
- |
12.5 |
5.1 |
8.0 |
3.8 |
|
Other Tangible Assets |
- |
5.2 |
4.8 |
1.7 |
3.4 |
|
Other Tangibles-Depreciation |
- |
-3.3 |
-3.3 |
- |
-2.0 |
|
Adjustment for Tangible Assets |
- |
0.0 |
0.0 |
0.0 |
- |
|
Tangible Assets, Net |
220.9 |
- |
- |
- |
- |
|
Intangible Assets |
3.9 |
- |
- |
- |
- |
|
Industrial Property Rights |
- |
3.8 |
4.0 |
3.7 |
3.5 |
|
Adjustment |
- |
- |
- |
- |
0.0 |
|
Total Assets |
374.5 |
347.5 |
324.8 |
315.7 |
291.7 |
|
|
|
|
|
|
|
|
Trade and Other Liabilities |
47.3 |
- |
- |
- |
- |
|
Trade Payable |
- |
19.1 |
13.8 |
10.0 |
9.1 |
|
Account Payable |
- |
3.9 |
3.1 |
2.8 |
1.2 |
|
Accrued Expense |
- |
8.6 |
10.6 |
8.1 |
7.6 |
|
Dividend Payable |
- |
0.8 |
0.0 |
0.0 |
0.0 |
|
Security Deposit Withheld |
- |
3.7 |
3.8 |
3.3 |
3.1 |
|
Deposit Withheld |
- |
0.0 |
0.3 |
0.1 |
0.0 |
|
Adjustment for Trade and Other
Liabiliti |
- |
0.0 |
0.0 |
0.0 |
- |
|
VAT Withheld |
- |
0.1 |
- |
0.5 |
0.6 |
|
Advances Received |
0.0 |
0.3 |
0.3 |
0.7 |
0.1 |
|
Adjustment for Other Non-financial
Liabi |
- |
0.0 |
- |
- |
- |
|
Income Taxes Payable |
3.4 |
1.7 |
2.4 |
- |
- |
|
ST Borrowings |
55.1 |
56.1 |
47.9 |
49.1 |
49.8 |
|
Corporate Tax |
- |
- |
- |
3.8 |
3.4 |
|
Current Portion of LT Debt |
7.6 |
6.8 |
6.7 |
6.8 |
6.7 |
|
Adjustment |
- |
- |
- |
0.0 |
0.0 |
|
Total Current Liabilities |
113.5 |
101.1 |
88.8 |
85.2 |
81.6 |
|
|
|
|
|
|
|
|
LT Borrowings |
44.5 |
39.3 |
39.8 |
38.3 |
37.7 |
|
Total Long Term Debt |
44.5 |
39.3 |
39.8 |
38.3 |
37.7 |
|
|
|
|
|
|
|
|
Deferred Income Taxes Liabilities
Non-cu |
21.1 |
20.4 |
19.7 |
19.1 |
18.0 |
|
Confirmed Liability |
- |
- |
- |
0.1 |
0.2 |
|
Leasehold Deposits Received Non
Current |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
LT Defined Benefit Liabilities |
- |
2.0 |
0.1 |
- |
- |
|
Minority Interest |
1.3 |
1.1 |
1.0 |
1.3 |
1.1 |
|
Total Liabilities |
180.6 |
164.0 |
149.6 |
144.1 |
138.6 |
|
|
|
|
|
|
|
|
Common Stock |
13.3 |
12.9 |
11.9 |
11.9 |
11.1 |
|
Paid-in Capital in Excess of Par |
- |
14.4 |
13.9 |
13.9 |
12.9 |
|
Reserve for Assets Revaluation |
- |
26.4 |
25.5 |
25.4 |
23.7 |
|
Other Capital Surplus |
- |
0.7 |
0.7 |
0.7 |
0.6 |
|
Capiatal Adjustment |
- |
- |
- |
-0.7 |
-0.7 |
|
Gains on Sale of Treasury Stock |
- |
- |
0.0 |
- |
- |
|
Adjustment for Capital Surplus |
- |
0.0 |
0.0 |
- |
- |
|
Capital Surplus, Total |
42.6 |
- |
- |
- |
- |
|
Retained Earning Carried Forward |
- |
51.7 |
48.9 |
45.9 |
35.9 |
|
Appropriated Retained Earnings for
Statu |
- |
4.7 |
4.1 |
4.1 |
3.8 |
|
Reserve-Financial Restructuring |
- |
- |
- |
0.5 |
0.5 |
|
Reserve-Loss on Treasury Stock
Disposal |
- |
- |
- |
0.0 |
0.0 |
|
Appropriated Retained Earnings for
Volun |
- |
0.5 |
0.5 |
- |
- |
|
Adjustment for Retained Earning |
- |
- |
- |
0.0 |
- |
|
Adjustment for Retained Earnings |
- |
0.0 |
0.0 |
- |
- |
|
Retained Earnings, Total |
65.2 |
- |
- |
- |
- |
|
Treasury Stock in Capital
Adjustments |
-0.8 |
-0.7 |
-0.7 |
- |
- |
|
Revaluation Retained Earnings |
- |
- |
- |
70.1 |
65.4 |
|
Gains on Revaluation |
- |
72.8 |
70.4 |
- |
- |
|
Overseas Business Translation
Credit |
- |
0.0 |
-0.1 |
-0.1 |
-0.2 |
|
Translation Adjustment |
- |
- |
- |
0.0 |
- |
|
Adjustment |
-1.3 |
- |
- |
- |
- |
|
Accumulated Other Comprehensive
Income |
74.8 |
- |
- |
- |
- |
|
Adjustment for Accumulated Other
Compreh |
- |
0.0 |
0.0 |
- |
- |
|
Total Equity |
193.9 |
183.5 |
175.1 |
171.6 |
153.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
374.5 |
347.5 |
324.8 |
315.7 |
291.7 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
2.7 |
2.7 |
2.6 |
2.6 |
2.6 |
|
Total Common Shares Outstanding |
2.7 |
2.7 |
2.6 |
2.6 |
2.6 |
|
T/S-Common Stock |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Deferred Revenue, Current |
- |
0.3 |
0.3 |
0.7 |
0.1 |
|
Accumulated Intangible Amort, Suppl. |
- |
0.7 |
0.7 |
- |
- |
|
Full-Time Employees |
- |
180 |
180 |
177 |
177 |
|
Number of Common Shareholders |
- |
- |
878 |
- |
- |
|
Long Term Debt Due in Year 1 |
- |
5.1 |
6.7 |
6.4 |
3.1 |
|
Long Term Debt Due in Year 2 |
- |
8.6 |
8.2 |
1.6 |
7.9 |
|
Long Term Debt Due in Year 3 |
- |
9.4 |
9.3 |
8.2 |
8.6 |
|
Long Term Debt Due in Year 4 |
- |
10.3 |
10.0 |
9.0 |
8.9 |
|
Long Term Debt Due in Year 5 |
- |
- |
- |
9.4 |
- |
|
Long Term Debt Remaining |
- |
12.6 |
12.2 |
10.0 |
9.2 |
|
Total Long Term Debt, Supplemental |
- |
46.1 |
46.5 |
44.5 |
37.7 |
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Yeil Accounting |
Yeil Accounting |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
Sungdoe Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
18.4 |
10.5 |
7.9 |
3.8 |
4.9 |
|
Depreciation |
13.5 |
10.9 |
9.1 |
6.2 |
6.0 |
|
Amort. Intangible |
0.2 |
0.2 |
0.2 |
0.0 |
0.0 |
|
Retirement Allowance |
0.9 |
1.2 |
0.9 |
2.0 |
0.8 |
|
Finance Income |
-0.4 |
- |
- |
- |
- |
|
Finance Costs |
2.9 |
- |
- |
- |
- |
|
Repair Expenses |
- |
0.2 |
1.0 |
0.2 |
0.8 |
|
Expenses of Allowance for Doubtful
Accou |
0.6 |
0.4 |
- |
- |
- |
|
Recovery-Provision Doubtful
Account |
- |
- |
0.0 |
-0.1 |
- |
|
Corporate Taxes |
3.4 |
- |
- |
- |
- |
|
Gains on Foreign Currency
Translation |
-0.5 |
-1.4 |
- |
- |
- |
|
Losses on Foreign Currency
Translation |
0.2 |
0.3 |
- |
- |
- |
|
Disp Tang Asst Loss |
0.0 |
2.9 |
1.4 |
0.6 |
0.0 |
|
Loss-Disposal of Trade Receivables |
- |
- |
- |
- |
0.3 |
|
Losses on Sale of Equity Method
Securiti |
- |
0.0 |
- |
- |
- |
|
Losses on Sale of Available for
Sale Sec |
0.0 |
0.0 |
- |
- |
0.0 |
|
Losses on Sale of Trading
Securities |
0.0 |
- |
- |
- |
- |
|
Loss under Equity Method |
- |
- |
0.0 |
- |
0.1 |
|
Gains on Valuation of Equity
Method Secu |
- |
-1.4 |
- |
-0.1 |
- |
|
Gain-Disposal of Tangible Assets |
0.0 |
0.0 |
0.0 |
- |
- |
|
Other Adjustment |
-1.0 |
- |
- |
- |
- |
|
Overseas Business Translation
Debit |
- |
-0.3 |
0.0 |
- |
- |
|
Trade Receivables |
8.8 |
1.4 |
-32.4 |
0.7 |
-1.9 |
|
Account Receivables |
-0.7 |
-0.1 |
0.9 |
-0.2 |
-0.4 |
|
Accrued Income |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Advanced Payment |
0.8 |
-2.3 |
-4.2 |
-0.4 |
-0.2 |
|
Inventory |
-14.0 |
15.4 |
-28.4 |
1.5 |
-0.4 |
|
Other Investment Assets |
- |
0.2 |
-0.5 |
- |
- |
|
Deferred Taxes-Asset |
- |
0.2 |
-0.1 |
0.0 |
0.0 |
|
Trade Payables |
5.5 |
-10.8 |
13.6 |
2.6 |
0.5 |
|
Account Payables |
1.8 |
0.3 |
-0.2 |
0.3 |
0.2 |
|
Prepaid Expenses |
0.0 |
0.0 |
0.0 |
0.0 |
0.2 |
|
Decrease or Increase in Prepaid
Value Ad |
1.0 |
0.4 |
- |
- |
- |
|
Prepaid Taxes |
0.0 |
- |
- |
- |
0.0 |
|
Advances Received |
-0.2 |
0.4 |
0.1 |
0.0 |
0.0 |
|
Deposits Withheld |
0.1 |
0.0 |
0.3 |
-0.2 |
-0.4 |
|
Accrued Expenses |
- |
0.4 |
7.5 |
0.2 |
-0.3 |
|
Accrued Dividends |
- |
- |
- |
0.0 |
0.0 |
|
VAT Withheld |
-1.2 |
0.2 |
- |
- |
- |
|
Accrued Income Taxes |
- |
-1.2 |
1.9 |
-1.1 |
0.3 |
|
Deferred Income Tax Credit, A/L |
0.0 |
0.2 |
0.0 |
0.0 |
- |
|
Payment of Retirement Bonus |
-0.3 |
-0.3 |
-0.1 |
-0.6 |
-0.9 |
|
Retirement Insurance Deposits |
- |
-0.8 |
-1.2 |
-1.2 |
0.2 |
|
National Pension |
- |
- |
- |
0.0 |
0.0 |
|
Security Deposits Withheld |
- |
1.8 |
-0.1 |
0.0 |
0.4 |
|
Cumulative Assets outside Company |
0.0 |
- |
- |
- |
- |
|
Defined Benefit Liabilities |
-0.5 |
- |
- |
- |
- |
|
Adjustment |
0.0 |
- |
- |
- |
- |
|
Taxes Paid |
-1.9 |
- |
- |
- |
- |
|
Cash from Operating Activities |
37.4 |
28.8 |
-22.5 |
14.1 |
10.3 |
|
|
|
|
|
|
|
|
Disposal-Securities
Available-for-Sale |
1.7 |
- |
0.0 |
0.0 |
- |
|
Dec-ST Finl Assets |
19.8 |
6.0 |
0.0 |
0.6 |
0.4 |
|
Proceeds from Sale of Long-term
Financia |
0.0 |
0.0 |
- |
- |
- |
|
Proceeds from Sale of Equity
Method Secu |
- |
0.0 |
- |
- |
- |
|
Disp of Invest Secs. |
- |
0.0 |
0.1 |
0.5 |
0.1 |
|
Disp-ST Securities Held to
Maturities |
0.0 |
- |
- |
- |
- |
|
Decrease-ST Loans |
1.9 |
- |
1.4 |
- |
- |
|
Decrease in Long-term Loans |
- |
0.0 |
- |
- |
- |
|
Decrease in Deposits Provided |
- |
0.0 |
- |
- |
0.1 |
|
Decrease-Other Non-Current Assets |
1.2 |
- |
- |
- |
- |
|
Disposal-Land |
- |
- |
- |
4.7 |
- |
|
Disposal-Structures |
- |
- |
- |
- |
0.0 |
|
Disposal Mach./Equip |
- |
0.2 |
0.1 |
0.1 |
0.0 |
|
Disp-Fixtures |
- |
- |
- |
- |
0.1 |
|
Disposal Trans Equip |
- |
0.1 |
0.0 |
- |
0.0 |
|
Proceeds from Sale of Tools |
- |
0.0 |
- |
- |
- |
|
Proceeds from Sale of Property,
Plant an |
0.5 |
- |
- |
- |
- |
|
Purchase of Short-term Financial
Instrum |
-32.3 |
-8.4 |
- |
-0.2 |
-0.4 |
|
Increase-LT Financial Assets |
-0.3 |
0.0 |
0.0 |
0.0 |
- |
|
Inc-Equity Method Investment
Security |
- |
- |
- |
- |
-0.2 |
|
Increase-Securities
Available-for-Sale |
-5.1 |
- |
0.0 |
0.0 |
- |
|
incr-Secs held till Maturity |
- |
0.0 |
0.0 |
-0.8 |
0.0 |
|
Increase in Short-term Loans |
-1.5 |
-1.8 |
- |
-1.6 |
- |
|
Inc in Guarant Depos |
- |
-0.2 |
-1.3 |
-1.1 |
-0.1 |
|
Increase-Rent Deposit |
- |
- |
- |
0.0 |
- |
|
Decrease-Lease Guarantee Deposit |
-0.1 |
- |
- |
- |
- |
|
Increase Other Non-Current Assets |
-0.2 |
- |
- |
- |
- |
|
Increase-Land |
- |
- |
- |
-4.8 |
- |
|
Acquis. of Building |
- |
- |
-0.8 |
- |
0.0 |
|
Purchase of Structures |
- |
-0.1 |
- |
- |
0.0 |
|
Purch. of Mach/Equip |
- |
- |
-0.2 |
-0.3 |
-0.1 |
|
Acq. of Trans Equip |
- |
-0.2 |
-0.1 |
- |
0.0 |
|
Acq. in Tools/Suppl. |
- |
-0.2 |
-0.1 |
0.0 |
0.0 |
|
Inc. Const. In Prog |
- |
-16.5 |
-56.2 |
-16.5 |
-9.3 |
|
Purchase of Property, Plant and
Equipmen |
-17.2 |
- |
- |
- |
- |
|
Increase-Intangible Assets |
-0.7 |
0.0 |
-0.2 |
- |
- |
|
Cash from Investing Activities |
-32.2 |
-21.0 |
-57.3 |
-19.4 |
-9.5 |
|
|
|
|
|
|
|
|
Inc in ST Borrowings |
- |
41.8 |
79.1 |
22.4 |
6.5 |
|
Inc in LT Borrowings |
5.7 |
11.5 |
32.6 |
0.8 |
2.1 |
|
Capital Increase |
- |
0.0 |
12.9 |
- |
- |
|
Proceeds from Sale of Treasury
Stock |
0.0 |
- |
- |
- |
- |
|
Increase in Accrued Dividend |
- |
0.0 |
0.0 |
- |
- |
|
Repay Curr LT Liabs |
-5.3 |
-0.2 |
-2.0 |
-0.3 |
-0.4 |
|
Repay ST Borrowings |
-5.4 |
-54.4 |
-35.0 |
-16.4 |
-7.6 |
|
Payment-Dividends |
-0.5 |
-1.2 |
-0.9 |
-1.2 |
-1.2 |
|
Security Deposit Withheld |
0.5 |
- |
- |
- |
- |
|
Cash-Interest Paid |
-1.8 |
- |
- |
- |
- |
|
Cash from Financing Activities |
-6.8 |
-2.4 |
86.7 |
5.3 |
-0.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
- |
- |
- |
- |
|
Net Change in Cash |
-1.5 |
5.4 |
6.9 |
0.0 |
0.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
13.9 |
7.1 |
1.3 |
1.5 |
1.3 |
|
Net Cash - Ending Balance |
12.3 |
12.5 |
8.2 |
1.5 |
1.5 |
|
Cash Interest Paid |
1.8 |
- |
- |
- |
- |
|
Cash Taxes Paid |
1.9 |
- |
- |
- |
- |
Interim Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
6 Months |
3 Months |
12 Months |
9 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1101.856011 |
1120.28956 |
1156.281981 |
1164.307745 |
1155.056202 |
|
|
|
|
|
|
|
|
Net Income |
10.1 |
3.9 |
18.4 |
16.0 |
8.7 |
|
Depreciation |
6.6 |
3.6 |
13.5 |
9.8 |
6.4 |
|
Amortization-Intangible Assets |
0.1 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Depreciation-Investment Real
Estate |
- |
0.0 |
- |
- |
- |
|
Expenses of Allowance for Doubtful
Accou |
0.3 |
0.0 |
0.6 |
0.0 |
0.0 |
|
Recovery-Provision Doubtful
Account |
- |
-0.7 |
- |
-0.1 |
- |
|
Provision-Retirement Allowance |
0.7 |
2.1 |
0.9 |
0.8 |
0.5 |
|
Dividend Income |
0.0 |
- |
- |
- |
- |
|
Interest Income |
-0.4 |
- |
- |
-0.4 |
-0.3 |
|
Interest Expense |
1.2 |
- |
- |
2.2 |
1.5 |
|
Repair Expense |
- |
- |
- |
- |
0.0 |
|
Finance Costs |
- |
0.6 |
2.9 |
- |
- |
|
Finance Income |
- |
-0.3 |
-0.4 |
- |
- |
|
Corporate Tax |
5.8 |
1.2 |
3.4 |
3.6 |
2.9 |
|
Gains on Foreign Currency
Translation |
-1.5 |
-1.8 |
-0.5 |
-1.8 |
- |
|
Losses on Foreign Currency
Translation |
0.1 |
0.2 |
0.2 |
0.0 |
1.7 |
|
Gain-Overseas Business Translation |
0.1 |
-0.3 |
- |
0.4 |
0.1 |
|
Loss-Disposal of Sec.
Available-for-Sale |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Losses on Sale of Trading
Securities |
- |
- |
0.0 |
0.0 |
0.0 |
|
Loss-Disposal of Tangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Gain-Disposal of Tangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Other Adjustment |
- |
- |
-1.0 |
- |
- |
|
Trade Receivable |
- |
-12.8 |
8.8 |
- |
- |
|
Account Receivable |
- |
-0.5 |
-0.7 |
- |
- |
|
Trade Receivable & Other
Receivable |
-15.8 |
- |
- |
-7.2 |
-3.1 |
|
Prepaid Expense |
- |
-0.1 |
0.0 |
- |
- |
|
Decrease or Increase in Prepaid
Value Ad |
- |
-0.7 |
1.0 |
- |
- |
|
Prepaid Taxes |
- |
0.0 |
0.0 |
- |
- |
|
Deferred Income Tax Credit, A/L |
- |
0.0 |
0.0 |
- |
- |
|
Other Current Assets |
4.2 |
- |
- |
1.8 |
-2.8 |
|
Decrease or Increase in Deposits
Receive |
- |
0.0 |
- |
- |
- |
|
Advanced Payment |
- |
-3.9 |
0.8 |
- |
- |
|
Inventory |
-7.8 |
11.2 |
-14.0 |
1.3 |
-4.1 |
|
Trade Payable & Other Payable |
13.5 |
- |
- |
2.1 |
0.3 |
|
Trade Payable |
- |
4.7 |
5.5 |
- |
- |
|
Account Payable |
- |
0.7 |
1.8 |
- |
- |
|
Accrued Expense |
- |
-2.3 |
- |
- |
- |
|
Income Tax Payable |
0.5 |
-1.9 |
- |
- |
- |
|
VAT Withheld |
- |
0.0 |
-1.2 |
- |
- |
|
Other Current Liability |
-0.3 |
- |
- |
-0.6 |
-1.0 |
|
Defined Benefit Assets |
-0.5 |
- |
- |
-0.6 |
-0.1 |
|
Payment-Retirement Bonus |
-2.9 |
-0.9 |
-0.3 |
-0.3 |
-0.3 |
|
Advance Received |
- |
0.0 |
-0.2 |
- |
- |
|
Deposit Withheld |
- |
-0.2 |
0.1 |
- |
- |
|
Security Deposit Withheld |
- |
-0.2 |
- |
- |
- |
|
Interest Received |
0.2 |
- |
- |
0.4 |
0.2 |
|
Cash-Interest Paid |
-1.3 |
- |
- |
-2.2 |
-1.5 |
|
Tax Paid |
-4.9 |
- |
-1.9 |
-1.2 |
-0.6 |
|
Plan Assets |
- |
0.6 |
0.0 |
- |
- |
|
Defined Benefit Liabilities |
- |
- |
-0.5 |
- |
- |
|
Adjustment |
- |
0.0 |
0.0 |
- |
- |
|
Cash from Operating Activities |
8.1 |
2.2 |
37.4 |
24.2 |
8.5 |
|
|
|
|
|
|
|
|
Decrease-ST Financial Assets |
20.1 |
6.6 |
19.8 |
15.1 |
8.2 |
|
Proceeds from Sale of Long-term
Financia |
0.1 |
- |
0.0 |
0.0 |
0.0 |
|
Decrease-Trading Secs. |
- |
- |
- |
0.2 |
0.2 |
|
Disposal-Securities Held to
Maturities |
- |
- |
0.0 |
- |
- |
|
Proceeds from Sale of Available
for sale |
9.9 |
2.6 |
1.7 |
0.0 |
- |
|
Decrease-ST Loans |
0.6 |
- |
1.9 |
0.5 |
0.5 |
|
Decrease-ST Loans and Receivables |
- |
1.5 |
- |
- |
- |
|
Decrease in Deposits Provided |
- |
- |
- |
1.1 |
1.1 |
|
Decrease-Lease Guarantee Deposit |
- |
- |
-0.1 |
- |
-0.1 |
|
Decrease-Security Deposit |
- |
- |
- |
-0.1 |
- |
|
Decrease-Other Non-Current Assets |
- |
- |
1.2 |
- |
- |
|
Disposal-Machinery &
Equipments |
0.0 |
- |
- |
0.0 |
- |
|
Disposal-Transportation |
0.0 |
- |
- |
0.1 |
- |
|
Proceeds from Sale of Tools |
- |
- |
- |
0.0 |
- |
|
Proceeds from Sale of Property,
Plant an |
- |
0.0 |
0.5 |
- |
- |
|
Dividend Income |
0.0 |
- |
- |
- |
- |
|
Increase-Rent Deposit |
- |
- |
- |
-0.1 |
- |
|
Increase in Short-term Loans |
-7.0 |
- |
-1.5 |
-4.5 |
0.0 |
|
Increase-Guarantee Deposit |
- |
0.0 |
- |
-0.2 |
-0.2 |
|
Increase Security Deposit Withheld |
- |
- |
- |
0.2 |
0.1 |
|
Increae Other Non-Current Assets |
- |
- |
-0.2 |
- |
- |
|
Cash Interest Received |
- |
0.2 |
- |
- |
- |
|
Purchase of Short-term Financial
Instrum |
-4.7 |
-4.6 |
-32.3 |
-18.5 |
-15.7 |
|
Increase-LT Financial Assets |
-0.2 |
-0.1 |
-0.3 |
-0.3 |
-0.2 |
|
Purchase of Available for sale
Securitie |
-9.0 |
-8.0 |
-5.1 |
-1.7 |
- |
|
Increase-Securities Held to
Maturities |
0.0 |
- |
- |
- |
- |
|
Purchase of Land |
-0.4 |
- |
- |
0.0 |
- |
|
Increase-Buildings |
-0.4 |
- |
- |
-0.1 |
- |
|
Purchase of Structures |
- |
- |
- |
0.0 |
- |
|
Increase-Installation Equipments |
- |
- |
- |
0.0 |
- |
|
Increase-Tools & Supplies |
0.0 |
- |
- |
-0.1 |
0.0 |
|
Increase-Machinery & Equipment |
- |
- |
- |
-0.2 |
-0.1 |
|
Increase-Transportation |
-0.1 |
- |
- |
-0.1 |
- |
|
Increase-Construction Progress |
-24.3 |
- |
- |
-10.4 |
-6.1 |
|
Increase-Tangible Assets |
- |
-9.7 |
-17.2 |
- |
- |
|
Decrease-Intangible Assets |
- |
0.3 |
- |
- |
- |
|
Increase-Intangible Assets |
- |
0.0 |
-0.7 |
- |
- |
|
Increase-Goodwill |
- |
- |
- |
- |
-0.3 |
|
Increase-Software |
- |
- |
- |
0.0 |
0.0 |
|
Increase-Membership Right |
0.0 |
- |
- |
- |
- |
|
Increase-Patent |
0.0 |
- |
- |
0.0 |
0.0 |
|
Cash from Investing Activities |
-15.6 |
-11.2 |
-32.2 |
-19.1 |
-12.7 |
|
|
|
|
|
|
|
|
Increase-ST Borrowings |
70.9 |
39.8 |
- |
55.9 |
53.0 |
|
Increase-LT Borrowings |
6.4 |
- |
5.7 |
2.9 |
2.9 |
|
Increase-Capital Lease Liabilities |
0.1 |
- |
- |
- |
- |
|
Proceeds from Sale of Treasury
Stock |
- |
- |
0.0 |
- |
- |
|
Increae Security Deposit Withheld |
- |
- |
0.5 |
- |
- |
|
Decrease-ST Borrowings |
-65.9 |
-33.5 |
-5.4 |
-64.4 |
-54.6 |
|
Decrease-LT Borrowings |
- |
-0.1 |
- |
- |
-0.2 |
|
Dec-Current Portion of LT
Liabilities |
-3.5 |
-0.2 |
-5.3 |
-3.6 |
-1.4 |
|
Acquisition-Treasury Stock |
0.0 |
- |
- |
0.0 |
0.0 |
|
Dividends Paid |
-0.8 |
- |
-0.5 |
-0.5 |
-0.5 |
|
Change-Minority Interest |
- |
- |
- |
-0.1 |
0.2 |
|
Cash-Interest Paid |
- |
-0.5 |
-1.8 |
- |
- |
|
Cash from Financing Activities |
7.2 |
5.6 |
-6.8 |
-9.9 |
-0.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Net Change in Cash |
-0.2 |
-3.5 |
-1.5 |
-4.8 |
-4.8 |
|
|
|
|
|
|
|
|
Net Cash Beginning Balance |
12.9 |
12.7 |
13.9 |
13.8 |
13.9 |
|
Net Cash Ending Balance |
12.7 |
9.3 |
12.3 |
9.0 |
9.1 |
|
Cash Interest Paid |
1.3 |
0.5 |
1.8 |
2.2 |
1.5 |
|
Cash Taxes Paid |
4.9 |
- |
1.9 |
1.2 |
0.6 |
Geographic Segments
Financials in: As Reported (mil)
Annual
|
External Revenue USD (mil) |
|
|
|
|
31-Dec-10 |
|
|
South Korea |
289.6 |
94.1 % |
|
Netherlands |
18.1 |
5.9 % |
|
Segment Total |
307.7 |
100 % |
|
Consolidated Total |
307.7 |
100 % |
|
Exchange Rate:
KRW to USD |
1,156.281981 |
|
|
Total Revenue USD (mil) |
|
|
|
|
31-Dec-10 |
|
|
South Korea |
289.6 |
94.1 % |
|
Netherlands |
18.1 |
5.9 % |
|
Segment Total |
307.7 |
100 % |
|
Consolidated Total |
307.7 |
100 % |
|
Exchange Rate:
KRW to USD |
1,156.281981 |
|
|
Long Lived Assets USD (mil) |
||
|
|
31-Dec-10 |
|
|
South Korea |
217.4 |
100 % |
|
Netherlands |
0.0 |
0 % |
|
Segment Total |
217.4 |
100 % |
|
Consolidated Total |
217.4 |
100 % |
|
Exchange Rate:
KRW to USD |
1,134.900000 |
|
Geographic Segments
Financials in: As
Reported (mil)
|
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Business Segments
Financials in: As Reported (mil)
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.23 |
|
UK Pound |
1 |
Rs.83.77 |
|
Euro |
1 |
Rs.70.46 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.