MIRA INFORM REPORT

 

 

Report Date :

16.02.2011

 

IDENTIFICATION DETAILS

 

Name :

LG INTERNATIONAL CORPORATION

 

 

Registered Office :

12th Fl., LG Twin Tower East Annex 20, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea 150-721

 

 

Country :

South Korea

 

 

Financials (as on) :

30.09.2010

 

 

Date of Incorporation :

01.12.1953

 

 

Com. Reg. No.:

116-81-18686

 

 

Legal Form :

Listed Company

 

 

Line of Business :

Wholesale of Non-Specialized Goods

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

56-70

A

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

Fairly Large

 

Status :

Good

Payment Behaviour :

No Complaints 

Litigation :

Exists

 

 

NOTES :

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

 

 

ECGC Country Risk Classification List – June 30, 2010

 

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

South Korea

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Basic

 

Company Name

LG INTERNATIONAL CORPORATION

(Korean Company Name : “(주)LG상사”)

Registered Address

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

Building

12th Fl., LG Twin Tower East Annex

Zip Code

150-721

Tel

+82-2-3773-5114

Fax

+82-2-3773-5273

E-mail

webmaster@www.lgicorp.com

Website

www.lgicorp.com

Trading Address

12th Fl., LG Twin Tower East Annex, 20, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea (P.O.BOX 669)

Tel

+82-2-3773-5034

Fax

+82-2-3773-5034

Other Address-Gumi Branch

321-14, Gongdan-dong, Gumi-si, Gyeongsangbuk-do, Korea

Tel

+82-54-464-8833

Other Address-Bucheon Warehouse

187-7 Dodang-dong Wonmi-gu, Bucheon-si, Gyeonggi-do 420-130 Korea

Other Address-East Hall of Fashion Department

637-1, Sinsa-dong, Gangnam-gu, Seoul 135-120 Korea

Tel

+82-2-3441-8114

Fax

+82-2-515-1381

Other Address-West Hall of Fashion Department

617-3, Sinsa-dong, Gangnam-gu, Seoul 135-120 Korea

Other Address-Chungmuro Plaza

63-1, Chungmuro 2-ga, Jung-gu, Seoul 100-012 Korea

Tel

+82-2-755-9216

Fax

 

Other Address-Anyang Logistics Center

934, Gwanyang-dong, Dongan-gu, Anyang-si, Gyeonggi-do 431-060 Korea

Tel

+82-31-422-2386

Other Address-Incheon Plaza

40, 41-3, Sinpo-dong, Jung-gu, Incheon 400-080 Korea

Tel

+82-62-225-0963

Other Address-Gwangju Chungjangro Plaza

2-3,6-1, Chungjangro 2-ga ,Jung-gu, Gwangju 501-012 Korea

Type

Export/Import

Industry

Wholesale of Non-Specialized Goods

  Main Business

Petrochemicals, Metal & Coal, Energy Product, Computer Peripherals

  Sub Business

International Trade

Established (mm/dd/yyyy)

12/01/1953

The Subject owns the premises of registered HQ address.

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Mens coats or jackets(53101802)

Sell

Womens slacks or trousers or shorts(53101504)

Sell

Motherboards(43201513)

Sell

Cameras(45121500)

Sell

Removable storage media(43202000)

Sell

Switches and controls and relays and accessories(39121500)

Sell

Graphics or video accelerator cards(43201401)

Sell

Keyboards(43211706)

Sell

Network service equipment(43222600)

Sell

Internet services(81112100)

Sell

Prepared and preserved foods(50190000)

Sell

Investment policy(84121702)

Sell

Structural materials and basic shapes(30100000)

Sell

Market research(80141500)

Sell

Business and corporate management consultation services(80101500)

Sell

Investment advice(84121700)

Sell

Chemicals including Bio Chemicals and Gas Materials(12000000)

Sell

Clothing(53100000)

Sell

Workshop and industrial machinery installation

Sell

Fuels and Fuel Additives and Lubricants and Anti corrosive Materials

 

 

CEO’s

 

Name

Koo Bon-Joon

Date of Birth

12/24/1951

Title

Vice Chairman & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

193,800,000,000 KRW

Employees

627

Formation

Listed Company (Korea Stock Exchange: 01120) as of 01/1976

A Company of LG GROUP

Bank Details

Woori Bank-Yoido Plaza Branch

Corporate Registered No.

110111-0004632

Business Registered No.

116-81-18686

Permit & Licenses

Int’l Trade No.: 673372

Shareholder Position

Name

Shares

%

KOO BON-JOON

1,165,829

3.01

KOO BON-GEOL

597,683

1.54

KOO BON-KIL

1,040,090

2.68

LEE WOOK-JIN

839,170

2.17

LEE JI-YONG

723,441

1.87

KB ASSET MANAGEMENT CO., LTD.(110111-0572556)

2,809,929

7.25

NATIONAL PENSION SERVICE(110171-0007134)

3,654,492

9.43

BARING ASSET MANAGEMENT (ASIA) LIMITED(1901 EDINBURGHTOWER, THE LANDMARK,15 QUEEN’S ROAD CENTRAL, HONG KONG)

1,808,350

4.67

SHIN YOUNG INVESTMENT MANAGEMENT CO., LTD.(110111-1304148)

1,512,081

3.90

OTHERS

24,608,935

63.49

TOTAL

38,760,000

100.00

Company History

12/2007 Contracting the partnership with Osim International Ltd., a global brand in healthy lifestyle products

11/2007 LGI Supports China’s South Pole Exploration with Russian Kamov KA-32 helicopters

11/2007 Established overseas branches (Ulaanbaatar, Mongolia)

10/2007 Signing an MOU on the Republic of Sakha(Yakutia) comprehensive development project

10/2007 LGI-POSCO, opens processing center in Poland

10/2007 Established overseas branches (Ashgabat,Turkmenistan)

09/2007 Begining advertising PixDix on cable TV

03/2007 Executive Vice Chairman Koo Bon Joon was inaugurated as CEO

03/2007 Established overseas branches (Algiers, Algeria)

02/2007 Advancing into the Security Gate market at full scale

12/2006 LGI and POSCO dedicated a joint venture coil center in India        

11/2006 The fashion sector was spun off Opened the comprehensive digital device store Pixdix

02/2006 Took a USD 1.2 billion order for an aromatics plant in Oman

12/2005 Completed the construction of Cheongju Aircraft Maintenance Shop.

12/2005 Opened Daehakno Outlet for Canon Plaza.

10/2005 Signed an MOU for the USD 350 million oil refining plants in Yemen.

08/2005 Signed a 22.5%-stake take-over agreement with Kazakhstan’s ADA mines, thereby securing operation rights or the exploration project.

06/2005 Built the Incheon IVECO After-sale Service Center and unveiled a new car model.

06/2005 Signed an agreement with Jeju Air to supply commercial aircraft.

12/2004 「MAESTRO」was selected as the‘2004 Hit Product’by JooAng Ilbo.

11/2004 Established overseas branches (Astana, Kazakhstan)

10/2004 Ranked the first in Man’s Dress Area in the ‘2004 Korea Customer Satisfaction Index (KCSI)’survey by KMAC

09/2004 Opened Canon Plaza #5 Gangnam Shop

09/2004 Ranked the first in Man’s Dress Area in the‘2004 National Customer Satisfaction Index (NCSI)’ survey by KPC

06/2004 Provided Seoul city with 20 LNG articulated buses made by IVECO

05/2004 Received an order of polypropylene plant construction from Oman (USD 180 million)

04/2004 Agreement on exclusive supply of Hong Kong GP battery

03/2004 Received an order of refinery plant construction from Rumania (USD 50 million)

01/2004 Started domestic sales of large commercial vehicles from IVECO, Italy

01/2004 Acquired the re-certification of 「Excellent Korean A/S Company」selected by Korean Agency of Technology and Standards of MOCIE

Company History

11/2003 Awarded the 15 Billion-Dollar Export Tower

06/2003 Advanced into Game industry by making a contract to supply PS2 for shop

05/2003 Selected as "model business operator" for the Electronic Toll Collection System (ETCS) in Thail

03/2003 Supplied GNPOC Oil Pipe Project equivalent to $10,000,000 with high quality steel pipes

01/2003 Started investment in Lapulapu gold copper ore in Philippines

12/2002 Made a contract with the Vietnam Oil Corporation for gas supply from 2006 to 2028

10/2002 Supplied US$53 million in CDMA equipment to Nepal

09/2002 Won US$1.6 billion gas plant construction project in Iran

05/2002 Won US$280 million oil plant construction contract in Libya

05/2002 Signed exclusive sales agreement for digital film and peripherals with Lexar Media of the U.S.

03/2002 Supplied US$8 million worth of elevators to Russia

03/2002 Supplied US$30 million in building facilities to Mongolia

03/2002 Supplied US$5 million worth of catapults to Iran

02/2002 Won US$180 Million Polypropylene Plant Order in Oman

02/2002 Signed US$24 million cable supply contract in Sudan

02/2002 Obtained exclusive sales rights for compact civilian aircraft and amphibian planes from the Cze

01/2002 Won US$96 Million Contract for the Construction of a Refinery Project in the Turkey

01/2002 LG Mart(Supercenter) Division Spin-off

11/2001 Built Leading-edge Logistics System

05/2001 Won US$92 Million Contract for the Construction of a Paper Plant in the UAE

03/2001 Won US$55 million contract for a petrochemical plant in Iran .

12/2000 Obtained 10 billion won in treasury stock.

08/2000 Established‘TradeCard KOREA’established Global Trading Web JOREA Opened the sixth LG Mart in

07/2000 Opened the fifth LG Mart in Songpa

Company History

07/1999 Registered exports of 10 billion U.S. dollars

01/1999 Trading CU and fashion CU consolidated. Won Taiwan oil refinery plan construction project worth

07/1998 Won the Qatar oil refinery plant construction project worth 160 million U.S. dollars.

01/1998 Opened the third LG Mart in Kumgeong

11/1997 Soo-Ho Lee awareded the Order of Industrial Service Merit Gold Tower

01/1997 Soo-Ho Lee, the eleventh CEO, assumed office

12/1996 Acquired LG Mart (supercenter) Division from LG Mart Co. Ltd.

12/1995 Construction of petrochemical tank terminal in Gamcheon, Pusan completed (a first by a Korean g

02/1995 Company name changed to LG International Corp. from Lucky-Goldstar International Corp.

01/1994 Trading CU and fashion CU divided

07/1992 Merged with Bando Sports, Ltd. (total combined capital stock of 78.17 billion won)

11/1991 Awarded 3 Billion-Dollar Export Tower and the Order of Industrial Service Merit, Silver Tower

10/1986 Construction of Bando Fashion building completed (Doksan-Dong)

05/1985 Construction of Yangsan plant completed

01/1984 Company name changed to Lucky-Goldstar International Corp. from Bando Corporation

12/1981 Awarded 500 Million-Dollar Export Tower

12/1977 Awarded the 200 Million-Dollar Export Tower

11/1976 Designated as a general trading company.

11/1976 Awarded the 100 Million-Dollar Export Tower and the Order of Industrial Service Merit, Gold Tow

01/1976 Company goes public

12/1969 Awarded the Order of Industrial Service Merit, Bronze Tower

10/1969 Marked 5 million U.S. dollars in exports

06/1968 Constructed Pusan plant (Fashion CU)

11/1966 Recorded exports of 1 million U.S. dollars. Awarded Prime Ministers Commendation of Exporters

04/1956 Company name changed to Bando Corporation

11/1953 Lucky Industry established as an import and export specialty company in the Lucky Group In-Hwoi

 

 

Management

 

Job Description

Title

Name

Nationality

Date of Birth

Education

Vice Chairman & CEO

Mr.

Koo Bon-Joon

Korean

1951.12.24

University of Chicago

Vice Chairman

Mr.

Kang Yoo-Sik

Korean

1948.11.03

Seoul National University, Korea

President & CEO

Mr.

Ha Young-Bong

Korean

1952.03.05

Yonsei University, Korea

Sr. Executive Director & CFO

Mr.

Hur Sung

Korean

1959.09.26

Korea University, Korea

Outside Director/Auditor

Dr.

Kang Joo-Myung

Korean

1952.06.08

University of Oklahoma

Outside Director/Auditor

Mr.

Chu Joon-Seok

Korean

1947.12.06

University of Oregon

Outside Director/Auditor

Mr.

Jung Ki-Young

Korean

1948.09.07

Seoul National University, Korea

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

09/2010

4,552,506,316,339

2,459,918,203,738

283,053,648,645

2009

4,316,075,535,593

1,835,230,495,695

104,294,128,543

2008

5,932,841,765,990

1,849,720,279,684

51,069,619,193

2007

5,378,569,727,252

1,282,445,508,904

50,070,210,341

2006

5,577,582,536,497

1,127,463,128,115

96,591,905,477

2005

6,397,957,334,831

  1,481,268,291,019

121,671,521,441

2004

6,511,984,677,802

1,287,237,813,667

80,703,317,800

2003

5,390,838,359,629

1,457,116,992,855

109,131,991,152

 

 

Financial Description

 

Authorized Capital(KRW)

400,000,000,000

Paid-Up Capital(KRW)

193,800,000,000

Total Issues Shares

38,760,000

 

 

Balance Sheet

 

Unit : Korean Won

01/01/2010~09/30/2010

As of 12/31/2009

As of 12/31/2008

Total Assets

2,459,918,203,738

1,835,230,495,695

1,849,720,279,684

Current Assets

1,133,351,260,289

736,725,208,707

844,154,353,332

-Quick Assets

928,265,504,444

630,675,209,242

737,310,977,820

-Inventories

205,085,755,845

106,049,999,465

106,843,375,512

Fixed Assets

1,326,566,943,449

1,098,505,286,988

1,005,565,926,352

-Investment

1,240,463,907,005

1,014,986,588,900

920,244,277,370

-Tangibles

54,931,677,581

53,211,713,377

53,628,172,117

-Intangibles

5,311,145,288

5,984,450,406

8,233,556,589

-Others

25,860,213,575

24,322,534,305

23,459,920,276

Total Liabilities

1,490,702,291,967

1,143,727,564,248

1,237,904,569,300

Current Liabilities

991,506,191,240

700,476,786,553

770,549,503,013

Fixed Liabilities

499,196,100,727

443,250,777,695

467,355,066,287

Capital Stock

193,800,000,000

193,800,000,000

193,800,000,000

Capital Surplus

104,016,663,343

104,016,663,343

104,016,663,343

Profit Surplus

612,393,220,498

337,071,421,653

240,509,142,910

Capital Adjustment

59,006,027,930

56,614,846,451

73,489,904,131

Total Equity

969,215,911,771

691,502,931,447

611,815,710,384

Liab. & Shareholder’s Equity

2,459,918,203,738

1,835,230,495,695

1,849,720,279,684

 

 

Current Liabilities

991,506,191,240

700,476,786,553

770,549,503,013

Short-Term Borrowings

40,826,138,045

14,125,708,044

89,048,427,487

Trade Payables

651,650,676,372

397,900,590,499

272,657,660,572

Account Payables

106,237,046,918

67,200,920,594

227,839,644,138

Advance Receipts

15,584,603,980

12,694,081,022

19,832,971,876

Withholdings

1,867,403,628

2,038,960,400

1,114,675,770

Accrued Income Tax

15,197,486,318

4,185,220,100

22,524,293,612

Accrued Expenses

4,974,076,548

5,384,031,707

5,628,294,426

Accrued Dividends

7,853,248

5,994,218

3,718,218

Current Portion of Long-Term Debts

143,014,736,092

189,928,033,899

121,886,722,500

Unearned Income

130,418,067

109,045,228

46,045,228

Contract for Commodities

10,798,074,794

5,386,015,910

9,965,025,238

Guarantee Deposit Withhold

1,217,677,230

1,524,305,938

2,023,948

Fixed Liabilities

499,196,100,727

443,250,777,695

467,355,066,287

Debentures

130,000,000,000

90,000,000,000

40,000,000,000

Long-Term Borrowings

30,193,340,000

37,893,475,000

35,619,166,666

Long-Term Borrowings-Foreign Currency

287,333,953,764

297,077,985,602

372,215,902,100

Provision for Severance & Retirement

20,673,145,975

22,605,118,809

21,216,841,606

Long-Term Portion of Guarantee Deposit Withhold

8,011,426,913

3,513,391,120

3,513,391,120

Other Non-Current Portion of Liabilities

-

-

197,563,546

Deferred Income Tax Credit

40,374,787,151

10,844,399,493

11,192,639,127

 

 

Income Statement

 

Unit : Korean Won

01/01/2010~09/30/2010

As of 12/31/2009

As of 12/31/2008

Sales

4,552,506,316,339

4,316,075,535,593

5,932,841,765,990

Cost of Sold Goods

4,219,857,185,542

3,880,817,463,875

5,452,455,798,218

Gross Profit

332,649,130,797

435,258,071,718

480,385,967,772

Selling & Admin. Expenses

225,470,799,256

273,715,337,246

320,584,509,095

Operating Income

107,178,331,541

161,542,734,472

159,801,458,677

Non-Operating Income

509,081,902,581

482,208,213,927

876,792,286,527

Non-Operating Expenses

280,082,040,046

518,270,948,140

970,558,706,788

Ordinary Income

336,178,194,076

125,480,000,259

66,035,038,416

Special Income

-

-

-

Income Before Taxes

336,178,194,076

125,480,000,259

66,035,038,416

Income Taxes Expenses

53,124,545,431

21,185,871,716

14,965,419,223

Net Income

283,053,648,645

104,294,128,543

51,069,619,193

 

 

Cash Flows

 

Unit : Korean Won

01/01/2010~09/30/2010

As of 12/31/2009

As of 12/31/2008

Cash Flows from Operating

102,108,849,136

29,983,835,796

123,415,366,395

-Net Income

283,053,648,645

104,294,128,543

51,069,619,193

-Exp. without Cash Outflow

99,325,784,617

141,388,118,635

367,681,936,991

-Revenue without Cash Inflows

-314,978,050,044

-153,494,965,343

-290,267,950,822

-Changes in Asset/ & Liability

34,707,465,918

-62,203,446,039

-5,068,238,967

Cash Flows from Investing

-22,131,599,815

-47,596,636,557

-297,685,378,040

-Cash Inflow from Investing

143,903,128,528

143,821,314,026

177,680,719,794

-Cash Outflows for Investing

-166,034,728,343

-191,417,950,583

-475,366,097,834

Cash Flows from Financing

7,989,095,560

-8,878,603,463

252,803,999,161

-Cash Inflows from Financing

310,801,148,324

417,536,019,674

718,066,310,835

-Cash Outflows from Financing

-302,812,052,764

-426,414,623,137

-465,262,311,674

Increase/Decrease in Cash

87,966,344,881

-26,491,404,224

78,533,987,516

Cash at the Beginning of Year

110,641,607,614

137,133,011,838

58,599,024,322

Cash at the End of Year

198,607,952,495

110,641,607,614

137,133,011,838

 

Products, Technologies, Services Description

 

Main Products & Services

Petrochemical, Metal & Coal, Energy, Food, Plant, Machinery & Aviation, IT, Fashion

 

Brand Name: PixDix

Detailed Products Spec.

Petrochemical: Plastics, Chemical Products, Petrochemicals, Others

Metal & Coal: Steel, Non-Ferrous Metals, Coal

Energy: LNG, LPG, Condensate, Petroleum, Crude Oil, Bunkering

Food: Foodstuffs, General Merchandise, Edible Agricultural foodstuffs

Plant: Plant, Heavy Electric Equipment

Machinery & Aviation: Chemical Plants Equipments, Semiconductor Manufacturing, Others

IT: Consumer Electronics, Computer & OA, Telecommunication, Electronic Components, System Integration, LCD Manufacturing, Network Product, Mobile Phone Components, Optical Product

Fashion: Men’s Wear, Women’s Wear, Casual & Sports Wear, Accessory

 

 

Trade Partners & Competitors

 

Competitors

SK NETWORKS CO., LTD.

4, PYEONG-DONG, GWONSEON-GU, SUWON-SI, GYEONGGI-DO 441-230 KOREA

TEL:+82-2-2221-2016  FAX:+82-2-2221-0080

INDUSTRY: WHOLESALE OF NON-SPECIALIZED GOODS

 

HYUNDAI CORPORATION

HUNGKUK LIFE INSURANCE BD 226, SINMUNNO 1-GA, JONGNO-GU, SEOUL 110-786 KOREA

TEL:+82-2-390-1114  FAX:+82-2-390-1101

INDUSTRY: WHOLESALE OF NON-SPECIALIZED GOODS

 

DAEWOO INTERNATIONAL CORPORATION

DAEWOO CENTER BLDG., 541, NAMDAEMUNNO 5-GA, JUNG-GU, SEOUL 100-714 KOREA

TEL:+82-2-759-2114  FAX:+82-2-753-9489

INDUSTRY: WHOLESALE OF NON-SPECIALIZED GOODS

 

HYOSUNG CORPORATION

HYOSUNG BLDG., 450, GONGDEOK 2-DONG, MAPO-GU, SEOUL 121-720 KOREA

TEL:+82-2-707-7000  FAX:+82-2-707-0130

INDUSTRY: MAN-MADE FIBERS SPINNING

 

SAMSUNG C&T CORPORATION

310, TAEPYEONGNO 2-GA, JUNG-GU, SEOUL 100-865 KOREA

TEL:+82-2-2145-2114  FAX:+82-2-2145-3114

INDUSTRY: WHOLESALE OF NON-SPECIALIZED GOODS

 

SSANGYONG CORPORATION

SSANGYONG BLDG., 24-1, JEODONG 2-GA, JUNG-GU, SEOUL 100-748 KOREA

TEL:+82-2-2270-8114  FAX:+82-2-2270-8334

INDUSTRY: WHOLESALE OF NON-SPECIALIZED GOODS

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates-Domestic

LG CORP.(110111-0003543)

LG ELECTRONICS INC.(110111-2487050)

LG DACOM CORPORATION(110111-0315948)

LG CHEM LTD.(110111-2207995)

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

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

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

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

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

LG MICRON LTD.(175311-0001075)

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

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

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

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

SILTRON INCORPORATED(175311-0001348)

LG MMA CORPORATION(206211-0001805)

DACOM MULTIMEDIA INTERNET CORPORATION(110111-1905441)

DACOM CROSSING CORPORATION(110111-2234683)

SERVEONE(110111-2411520)

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

HIPLAZA CO., LTD.(131111-0028801)

LG POWERCOM CORPORATION(110111-1863889)

HI BUSINESS LOGISTICS CO.,LTD.

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

LUSEM CO., LTD.(176011-0038073)

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

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

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

LG SOLAR ENERGY INC.(110111-3759408)

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

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

SYSTEM AIR-CON ENGINEERING INCORPORATION(110111-3371989)

JIHEUNG CO., LTD.(180111-0630053)

CS ONE PARTNER CORPORATION(110111-3961756)

SEETECH CO., LTD.

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

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

GIOVINE CO., LTD.(110111-3942714)

PIXDIX CO., LTD.(110111-3947657)

Affiliates-Overseas

PHILCO RESOURCES LTD.

LG PROPERTIES (S'PORE) PTE.,LTD

PT. TUTUI BATUBARA UTAMA

LG INT'L(SAUDI) LLC

LG INT'L(AMERICA),INC.

LG INT'L(JAPAN)

LG INT'L(HK) LIMITED

LG INT'L(S'PORE) PTE.,LTD

LG INT'L(DEUTSCHLAND) GMBH

LG INT'L(UK) LIMITED

LG INT'L(AUSTRALIA) PTY LIMITED

LG INT'L(CHINA) LIMITED

LG (TIMOR SEA 06-102) LTD.

BATUBARA GLOBAL ENERGY

LG INTERNATIONAL INVESTMENTS (CANADA) LTD

MONGOLIA RESOURCES INVESTMENT LIMITED (ADAMAS)

RESOURCE INVESTMENT(H.K.) LIMITED(WANTUGOU)

 

KOREA RAS LAFFAN LNG LIMITED

(5.60% held by the subject company)

 

ELECTROMEGATICS GOLDSTAR LTD.

(10.00% held by the subject company)

 

KC KAZAKH B.V.(ZHAMBYL)

(10.00% held by the subject company)

 

KO-UZ GAS CHEMICAL INVESTMENT LTD.

(10.00% held by the subject company)

 

VIETNAM KOREA EXCHANGE LTD.

(10.00% held by the subject company)

 

GUANG DONG GOLDSTAR

(10.00% held by the subject company)

 

SK EUROCHEM SP.ZO.O

(10.00% held by the subject company)

 

TENJIN LG BOHAI CO., LTD.

(10.00% held by the subject company)

 

YEOMSONG HYUNDAI HYSCO

(10.00% held by the subject company)

 

AROMATICS OMAN LLC

(10.00% held by the subject company)

 

TIANJIN LG DAGU CHEM CO.LTD.

(10.00% held by the subject company)

 

LG VINA CHEMICAL JOINT VENTURE

(10.00% held by the subject company)

 

LS-VINA INDUSTRIAL SYSTEMS

(10.00% held by the subject company)

Affiliates-Overseas

TROPICAL BINTAN PROPERTIES

(12.50% held by the subject company)

 

GOLDSTAR TELECOM CORP.

(13.30% held by the subject company)

 

SHINIL_TODIMAX INTERNATIONAL J.V COMPANY LIMITED

(19.00% held by the subject company)

 

OMAN POLYPROPYLENE L.L.C

(20.00% held by the subject company)

 

KANGHWA KIJEON CO., LTD.

(21.20% held by the subject company)

 

LG HOLDINGS  LIMITED

(25.00% held by the subject company)

 

KERNHEM B.V.

(30.00% held by the subject company)

 

DZP B.V.

(30.00% held by the subject company)

 

GS-HP SUNFLOWER INT'L VILLAGE

(30.00% held by the subject company)

 

POS-PPC

(30.00% held by the subject company)

 

FOSCO B.V.

(33.30% held by the subject company)

 

LIWA PETROCHEMICAL CO. LLC

(33.33% held by the subject company)

 

MUMBAI COIL CENTER

(35.00% held by the subject company)

 

SAKHA-KOREAN J.V "EREL LTD"

(35.20% held by the subject company)

 

PT. GOLDEN HYUNDAI MACHINERY

(48.60% held by the subject company)

Overseas Office

PARIS OFFICE

24, AVENUE DE LA GRANDE ARMEE, 75854 PARIS CEDEX 17, FRANCE

TEL:+33-1-47-66-88-88 FAX:+33-1-47-66-13-80

 

BARCELONA OFFICE

JOAQUIM MOLINS, 5, 5TH FLOOR 08028 BARCELONA SPAIN

TEL:+34-93-410-9936 FAX:+34-93-410-6775

 

AMSTERDAM OFFICE – LG INTERNATIONAL (UK) LTD. AMSTERDAM BRANCH

CAPRONILAAN 6, 1119 NR SCHIPHOL RIJK, THE NETHERLANDS

TEL:+31-20-316-2420 FAX:+31-20-653-7015

 

WARSAW OFFICE

11. AL.JANA PAWLA Ⅱ,ⅩⅠFLOOR, 00-828, WARSAW, POLAND

TEL:+48-22-624-9381 FAX:+48-22-652-9068

 

MOSCOW OFFICE

RM 609, SOVINCENTER, KRASNOPRESNENSKAYA NAB.12, MOSCOW, 123610, RUSSIA

TEL:+7-095-258-1444 FAX:+7-095-258-1867

 

KUMERTAU OFFICE

KB.15, D.6-A, JERZINCKAYA, KUMERTAU, REPUBLIC BASHKORTOSTAN, 453350, RUSSIAN FEDERATION

TEL:+7-34761-4-8330 FAX:+7-34761-4-8334

 

KHABAROVSK OFFICE

9, KOMSOMOLSKAYA STR. OFFICE 308, HOTEL "SAPPORO" KHABAROVSK, 680000, RUSSIA

TEL:+7-4212-311332 FAX:+7-4212-315493

 

KAZAKHSTAN OFFICE

240, DOSTYK AVE, BUSINESS CENTER "DOSTAR", OFFICE 501

TEL:+7-3272-581475 / 581730 FAX:+7-3272-585709

 

KIEV OFFICE

APT.11, BSSEYNAYA STREET 3, KIEV, 252004, UKRAINE

TEL:+38-044-227-4231 FAX:+38-044-246-6216

 

DUBAI OFFICE

P.O. BOX 7276, DUBAI U.A.E

TEL:+971-4-223-6703 FAX:+971-4-228-1805

 

RIYADH OFFICE

P. O. BOX 7231, RIYADH-11462, SAUDI ARABIA

FAX:+966-1-291-9725

 

AMMAN OFFICE

P. O. BOX 950569, AMMAN 11195, JORDAN

TEL:+962-6-566-7899 FAX:+962-6-560-1872

Overseas Office

TEHRAN OFFICE

63, 6TH FLOOR, ZAFAR STREET, SHARIATI AVE., TEHRAN, IRAN

TEL:+98-21-227-7063~6 FAX:+98-21-227-7067

 

BUENOS AIRES OFFICE

CARLOS DELLEGRINI 125, 4TH FLOOR ‘B”(C1009ABU) BUENO AIRES, ARGENTINA

TEL:+54-11-4328-9688 FAX:+54-11-4328-9686

 

SAO PAULO OFFICE

MARKET PLACE TOWER II AV. DR. CHURI ZAIDAN, 80, 3O ANDAR, VILA CORDEIRO, SAO PAULO, CEP 04583-110, SP, BRASIL

TEL:+55-11-2162-5601~2 FAX:+55-11-2162-5612

 

SANTIAGO OFFICE

NUEVA TAJAMAR 481, OFICINA 2004, TORRE SUR(EDIFICIO WORLD TRADE CENTER), LAS CONDES, SANTIAGO, CHILE

TEL:+56-2-203-6895 FAX:+56-2-203-6894

 

BEIJING OFFICE

B1509, EAGLE RUN PLAZA, NO.26, XIAOYUN ROAD, CHAOYANG DISTRICT, BEIJING, CHINA 100016

TEL:+86-10-8458-0833 FAX:+86-10-8458-0831/2

 

CHENGDU OFFICE

ROOM 1012, KAILE PLAZA, NO. 306 SHUNCHENG STR., CHENGDU CITY, CHINA 610017

TEL:+86-28-8652-8130 FAX:+86-28-8652-8131

 

QINGDAO OFFICE

ROOM 2002, MERCHANTS BANK TOWER, 36 HONGKONG ROAD, QINGDAO, CHINA 266071

TEL:+86-532-8386-9855 FAX:+86-532-8387-4849

 

TIANJIN OFFICE

NO.1233,SHUNHUA ROAD, TANGGU DISTRICT, TIANJIN, CHINA 300455

TEL:+86-22-2538-6666 (EXT.212) FAX:+86-22-2538-8313

 

DALIAN OFFICE

RM.4703B, WORLD TRADE CENTER, NO.25, TONGXING STREET, DALIAN, CHINA

TEL:+86-411-8253-0880 FAX:+86-411-8253-0890

 

SHENYANG OFFICE

RM. 701, TIMES PLAZA SHENYANG, NO. 99 BEIZHAN ROAD, SHENHE DISTRICT, SHENYANG, P.R.CHINA 110013

TEL:+86-24-2252-6226, / 2252-9673 FAX:+86-24-2252-6232

Overseas Office

SHANGHAI OFFICE

RM.2610 MAXDO CENTRE, NO.8 XING YI ROAD, SHANGHAI, CHINA

TEL:+86-21-5208-1118 FAX:+86-21-5208-2967

 

WUHAN OFFICE

ROOM 410, 4TH FLOOR, TRUROLL PLAZA, WU SHENG ROAD, WUHAN, CHINA

TEL:+86-27-8571-2627 FAX:+86-27-8571-2798

 

NANJING OFFICE

ROOM B4, 17RD FLOORS, SHANGMAO CENTURY PLAZA, 49 ZHONGSHAN SOUTH ROAD, NANJING, CHINA

TEL:+86-25-8689-0038/39 FAX:+86-25-8689-0037

 

GUANGZHOU OFFICE

ROOM 1608-1610, GOLDLION DIGITAL NETWORK CENTER, 138 TIYU ROAD EAST, GUANGZHOU, P.R.CHINA 510620

TEL:+86-20-3878-0788 FAX:+86-20-3878-0242/3

 

SHENZHEN OFFICE

ROOM E3,19/F TIMES FINANCIAL CENTER 4001 SHENNAN ROAD, SHENZHEN, PRC

TEL:+86-755-3335-6788 FAX:+86-755-3335-6786

 

NEW DELHI OFFICE

A-9A 1ST FLOOR, GREEN PARK MAIL, NEW DELHI-110-016 INDIA

TEL:+91-11-2653-1720~4 FAX:+91-11-2653-3419

 

MUMBAI OFFICE

202, SANT NIWAS, ABOVE RAJ KUMAR JEWLLERS, 14TH LINK ROAD, KHAR(WEST), MUMBAI- 400 052, INDIA

TEL:+91-22-2605-3217/3280/3263 FAX:+91-22-2605-3292

 

KUALA LUMPUR OFFICE

SUITE 39.04, MENARA CITIBANK, NO.165, JALAN AMPANG, 50450 KUALA LUMPUR, MALAYSIA

TEL:+60-3-2163-0288 FAX:+60-3-2162-8960

 

TAIPEI OFFICE - LG INTERNATIONAL (HK) LIMITED TAIPEI BRANCH

SUITE 1802, 18F, NO.333, KEELUNG RD., SEC. 1, TAIPEI R.O.C.

TEL:+886-2-2758-7227 FAX:+886-2-2757-6994~5

 

MANILA OFFICE

2904C,WEST TOWER, PHILIPPINE STOCK EXCHANGE CENTER, EXCHANGE ROAD, PASIG CITY, METRO MANILA, PHILIPPINES

TEL:+63-2-637-1981,631-2208 FAX:+63-2-637-1983

 

JAKARTA OFFICE

JAKARTA STOCK EXCHANGE BUILDING TOWER Ⅰ, 15TH FLOOR #1502 JL. JEND SUDIRMAN , KAV. 52-53 JAKARTA 12190, INDONESIA

TEL:+62-21-515-1705 FAX:+62-21-515-1710

 

HOCHIMINH OFFICE

8TH FLOOR, YOCO BUILDING, 41 NGUYEN THI MINH KHAI STR, 1 DIST, HOCHIMINH CITY, VIETNAM

TEL:+84-8-829-3279 FAX:+84-8-829-1639

 

BANGKOK OFFICE

19TH FLOOR, SERMMIT TOWER, 159 ASOKE, SUKHUMVIT 21 ROAD, BANGKOK, 10110 THAILAND

TEL:+66-2-260-6610~15 FAX:+66-2-260-6619~20

Subsidiary

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

(100.00% held by the subject company)

 

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

(100.00% held by the subject company)  

 

GIOVINE CO., LTD.(110111-3942714)

(100.00% held by the subject company)

 

PIXDIX CO., LTD.(110111-3947657)

(100.00% held by the subject company)

 

PHILCO RESOURCES LTD.

(60.00% held by the subject company)

 

LG PROPERTIES (S'PORE) PTE.,LTD

(70.00% held by the subject company)

 

PT. TUTUI BATUBARA UTAMA

(75.00% held by the subject company)

 

LG INT'L(SAUDI) LLC

(90.00% held by the subject company)

Subsidiary

LG INT'L(AMERICA),INC.

(100.00% held by the subject company)

 

LG INT'L(JAPAN)

(100.00% held by the subject company)

 

LG INT'L(HK) LIMITED

(100.00% held by the subject company)

 

LG INT'L(S'PORE) PTE.,LTD

(100.00% held by the subject company)

 

LG INT'L(DEUTSCHLAND) GMBH

(100.00% held by the subject company)

 

LG INT'L(UK) LIMITED

(100.00% held by the subject company)

 

LG INT'L(AUSTRALIA) PTY LIMITED

(100.00% held by the subject company)

 

LG INT'L(CHINA) LIMITED

(100.00% held by the subject company)

 

LG (TIMOR SEA 06-102) LTD.

(100.00% held by the subject company)

 

BATUBARA GLOBAL ENERGY

(100.00% held by the subject company)

 

LG INTERNATIONAL INVESTMENTS (CANADA) LTD

(100.00% held by the subject company)

 

MONGOLIA RESOURCES INVESTMENT LIMITED (ADAMAS)

(100.00% held by the subject company)

 

RESOURCE INVESTMENT(H.K.) LIMITED(WANTUGOU)

(100.00% held by the subject company)

Cooperative Enterprise

-Brand License with

LG CORP.(110111-0003543)

 

 

Sales by Region

(Activity & Markets)

 

Sales/ Unit :Mil KRW

09/2010

2009

2008

Export

4,001,989

3,607,181

4,938,973

Domestic

550,517

708,894

993,869

Total

4,552,506

4,316,075

5,932,842

The Subject deals with the companies worldwide.

 

Court Action

 

Case No.

Court

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

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

Cause

Amount (Million KRW)

Status

 

 

TAECHANG CO., LTD.

The Subject Company

Claim for Construction-Receivables

1,056,000,000

The Subject won at 1st Round. The Subject was defeated at 2nd Round. 3rd Round Proceeding.

 

 

SK Energy Co., Ltd.(110111-3710385)

The Subject Company

Claim for Damages

646,100,000

1st Round Proceeding

 

 

LG Philips Display

The Subject Company

Cancellation on Transferring

USD  57,517,752

1st Round Proceeding

 

 

Jikang

The Subject Company

 

105,050,000

Proceeding

 

 

News Clipping

 

--

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.45

UK Pound

1

Rs.72.90

Euro

1

Rs.61.43

 

 

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%)

 

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

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