MIRA
INFORM REPORT
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Report Date : |
16.02.2011 |
IDENTIFICATION DETAILS
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Name : |
LG MMA CORPORATION |
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Registered Office : |
759, Jungheung-dong, Yeosu-si, Jeollanam-do, Korea, Zip Code-555-805 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
28.03.1991 |
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Com. Reg. No.: |
206211-0001805 |
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Legal Form : |
Co., Ltd by shares |
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Line of Business : |
Manufacture of Synthetic Resin and Other Plastic Materials |
RATING & COMMENTS
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
Basic
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Company
Name |
LG MMA CORPORATION (Korean Company Name : “LG엠엠에이(주)”) |
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Registered Address |
759, Jungheung-dong, Yeosu-si, Jeollanam-do, Korea |
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Zip Code |
555-805 |
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Tel |
+82-61-688-2500 |
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Fax |
+82-61-688-2565 |
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E-mail |
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Website |
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Trading Address |
12th Fl., Yuhwa Securities Bldg., 23-7, Yeoeuido-dong,
Yeongdeungpo-gu, Seoul, Korea |
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Tel |
+82-2-3770-1204 |
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Fax |
+82-2-3770-1209 |
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Other Address-PMMA 1 Plant |
70-1, Hwachi-dong, Yeosu-si, Jeollanam-do, Korea |
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Tel |
+82-1-680-1721 |
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Fax |
+82-61-680-6034 |
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Other Address-PMMA 2 Plant |
762-5, Jungheung-dong, Yeosu, Jollanam-do, Korea |
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Tel |
+82-61-690-3952 |
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Fax |
+82-61-690-3988 |
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Other Address-MMA 2 Plant |
762-4, Jungheung-dong, Yeosu-si, Jeollanam-do, Korea |
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Tel |
+82-61-690-3931 |
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Fax |
+82-61-690-3949 |
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Other Address-R&D Center |
104-1, Munji-dong, Yuseong-gu, Daejeon, Korea |
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Tel |
+82-42-866-5828 |
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Fax |
+82-42-866-5799 |
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Type |
Export/Import |
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Industry |
Manufacture of Synthetic Resin and Other Plastic Materials |
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Main Business |
Methyl Methacrylate, Poly Methylmethacrylate, Methacrylic
Acid |
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Sub Business |
Wholesale of Industrial Basic Chemicals |
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Established (mm/dd/yyyy) |
03/28/1991 |
The Subject owns the premises of
Registered Address/ MMA 1 Plant and MMA 2 Plant.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Acrylic resins(13111064) |
|
Sell |
Polymethylacrylate(13111053) |
|
Sell |
Chemistry reagents or solutions(41116105) |
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Sell |
Resins(13111000) |
CEO’s
|
Name |
Jun Dae-Hyun |
|
Address |
Suite 103-1302, 453, Sinsu-dong,
Mapo-gu, Seoul, Korea |
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Date of Birth |
07/27/1953 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital (KRW) |
24,000,000,000 |
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Employees |
224 |
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Formation |
Co., Ltd by shares A Company of LG Business Group Foreign Direct Investment Corporation by Japan |
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Bank Details |
Shinhan Bank-Yoido Nam Branch Korea Development Bank |
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Corporate Registered No. |
206211-0001805 |
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Business Registered No. |
417-81-05600 |
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Permit & Licenses |
12/27/2004 ISO 9001 10/12/2005 ISO 14001 10/29/2007 ISO 9001 2003 Acquired ISO/TS 16946 certification 1998 Won a certificate for an
accident-free record 1998 Became the certified
first-class firm in the safety and health control 1996 Acquired ISO 14001
Certificate 1995 Acquired ISO 9002
Certificate UL :Product safety testing and
certification system of the JHPC :Certification of Japan
High Polymer Center RoHS :Restriction of Hazardous
Substances defined by European Union (EU), restricting the use of products
containing non-environmental friendly substances like cadmium, lead, mercury,
hexavalent chromium, and the brominated flame retardants PBBs/PBDEs. AMECA :Standard for automotive
parts material, released by AMECA (Automotive Manufacturers Equipment
Compliance Agency). Click LG MMA in the table of contents to see the
certified products and colors. MSDS :Data prepared by the
company producing, importing, or dealing with chemical substance, based on
the hazard assessment of the substance. It provides the employees and end
users with the necessary information to safely handle chemical substance to
prevent industrial accidents or occupational diseases caused by chemical
substances. MSDS should be delivered to the user when selling or transferring
chemical substance. CSDS (Chemical Safety Data Sheets), ICSC (International
Chemical Safety Cards), SDS (Safety Data Sheets) are alternate terms used to
refer to the same data. Int’l Trade No.: 124269 |
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Shareholder Position |
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Company History |
2008 Completion of MMA Plant 3 and commercial manufacture
expected 2006 Started construction of MMA Plant 3 2005 Completed PMMA Plant 2 2005 Rewarded as an exemplary honest taxpayer 2004 Won the Innovation Award of medium business at Korea
Financial Management Award 2003 Completed MMA Plant 2 2003 Won 6 Sigma Innovation Award in National Quality
Management Convention 2003 Acquired ISO/TS 16946 certification 2002 Achieved aggregated 30 million USD 2002 Enlarged PMMA Plant by 60% 2001 Started to build up MMA 2nd Plant 2000 Became the best firm for safety control by the Yochon
Industry Complex 09-2000 Co-Presidents & CEO: Mr. Cha-Sup Koo and Mr.
Sanjeonjeok 1999 Decorated with the Golden Top Order for Industrial
Service Merit 12/31/1998 Signed an PMMA Plant Takeover Agreement of LG
Chem., Ltd. 1998 Won the grand prize for safety management in the
chemical industry 1998 Won a certificate for an accident-free record 1998 Became the certified first-class firm in the safety
and health control 04-1998 Moved its headquarters to 759, Jungheung-Dong, Yeosu-Si, Jeonnam-Do 1997 Enhanced MAA manufacturing
devices and MTBE production capacity 1997 Won the Quality Management
Prize at the National Quality Management Competition 1996 Acquired ISO 14001
Certificate 1996 Signed MMA Manufacturing
Technology Introduction Agreement 1996 Enlarged MMA Plant by 20% 1995 Acquired ISO 9002
Certificate 1995 Changed the name to LG MMA 1994 Introduced Total
Information System to Physical Distribution, Production and Finance 1993 Produced MMA for the first
time in Korea 1993 Completed MMA/MTBE Plant 1991 Signed MMA Manufacturing
Technology Introduction Agreement 03-1991 Incorporated as LUCKY
MMA CORP.(a Joint-Venture with LG Chem CO., Ltd., |
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Management
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Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Co-President & CEO |
Mr. |
Jun Dae-Hyun |
Male |
Korean |
09/01/2007 |
|
Co-President & CEO |
Mr. |
Hatano Kenichi |
Male |
Japanese |
06/24/2009 |
|
Director |
Mr. |
Kim Ban-Seok |
Male |
Korean |
03/31/2006 |
|
Director |
Mr. |
Arita Yoshihiro |
Male |
Japanese |
03/31/2006 |
|
Director |
Mr. |
Kim Bong-Soo |
Male |
Korean |
09/01/2007 |
|
Director |
Mr. |
Yamamoto Joon |
Male |
Japanese |
09/01/2007 |
|
Director |
Mr. |
Yoon Kyung-Sun |
Male |
Korean |
02/02/2009 |
|
Director |
Mr. |
Ozeki Kenzi |
Male |
Japanese |
03/31/2009 |
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Director |
Mr. |
Sakuma Kazhiro |
Male |
Japanese |
06/07/2010 |
|
Auditor |
Mr. |
Lee Jong-Hee |
Male |
Korean |
03/31/2006 |
|
Auditor |
Mr. |
Onishima Sakazu |
Male |
Japanese |
03/25/2009 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
461,342,873,337 |
502,790,052,605 |
55,097,544,357 |
|
|
2008 |
409,265,991,274 |
526,674,927,511 |
30,192,209,832 |
|
2007 |
326,463,195,624 |
457,737,104,391 |
33,996,100,837 |
|
2006 |
287,451,748,276 |
301,857,650,945 |
27,947,359,124 |
|
2005 |
269,608,331,403 |
270,478,758,222 |
45,385,171,955 |
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2004 |
223,544,912,665 |
243,659,444,214 |
39,799,167,163 |
|
2003 |
192,878,098,749 |
218,047,327,087 |
27,600,147,954 |
Financial Description
|
Authorized Capital(KRW) |
24,000,000,000 |
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Paid-Up Capital(KRW) |
24,000,000,000 |
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Total Issues Shares |
2,400,000 |
Balance
Sheet
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|||
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Total Assets |
502,790,052,605 |
526,674,927,511 |
457,737,104,391 |
|
Current Assets |
178,433,570,502 |
153,570,954,774 |
87,151,481,573 |
|
-Quick Assets |
123,516,927,346 |
86,026,917,922 |
48,468,389,493 |
|
-Inventories |
54,916,643,156 |
67,544,036,852 |
38,683,092,080 |
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Fixed Assets |
324,356,482,103 |
373,103,972,737 |
370,585,622,818 |
|
-Investment |
11,529,007,990 |
37,567,394,299 |
2,119,431,564 |
|
-Tangibles |
306,297,636,907 |
327,988,626,797 |
360,269,756,842 |
|
-Intangibles |
591,187,522 |
990,217,978 |
979,189,084 |
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Total Liabilities |
5,938,649,684 |
6,557,733,663 |
7,217,245,328 |
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Current Liabilities |
222,996,882,922 |
293,807,082,213 |
242,031,904,016 |
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Fixed Liabilities |
166,941,939,229 |
111,457,984,289 |
113,266,561,304 |
|
Capital Stock |
56,054,943,693 |
182,349,097,924 |
128,765,342,712 |
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Capital Surplus |
24,000,000,000 |
24,000,000,000 |
24,000,000,000 |
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Profit Surplus |
29,041,064,441 |
29,041,064,441 |
29,041,064,441 |
|
Capital Adjustment |
228,770,942,727 |
185,673,398,370 |
163,881,188,538 |
|
Total Equity |
(-)2,018,837,485 |
(-)5,846,617,513 |
(-)1,217,052,604 |
|
Liab. & Shareholder’s
Equity |
279,793,169,683 |
232,867,845,298 |
215,705,200,375 |
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Current Liabilities |
166,941,939,229 |
111,457,984,289 |
113,266,561,304 |
|
Trade Payables |
23,371,028,197 |
15,021,764,810 |
20,375,166,676 |
|
Withholdings |
358,088,488 |
429,020,477 |
416,332,194 |
|
Short-Term Borrowings |
- |
25,150,000,000 |
- |
|
Account Payables |
12,694,237,895 |
8,116,434,479 |
52,000,870,200 |
|
Accrued Expenses |
4,248,636,746 |
3,209,391,745 |
2,940,156,106 |
|
Accrued Income Tax |
13,272,023,406 |
4,933,353,582 |
3,958,296,037 |
|
Current Portion of Long-Term Debts |
112,867,371,053 |
54,584,268,000 |
33,455,000,000 |
|
Advance Receipts |
130,553,444 |
13,751,196 |
120,740,091 |
|
Fixed Liabilities |
56,054,943,693 |
182,349,097,924 |
128,765,342,712 |
|
Debentures |
- |
|
20,000,000,000 |
|
Long-Term Borrowings |
53,514,232,498 |
179,190,732,000 |
103,202,000,000 |
|
Provision for Severance & Retirement |
8,378,347,101 |
8,486,296,208 |
8,758,087,813 |
|
Derivatives |
- |
- |
2,575,052,604 |
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Sales |
461,342,873,337 |
409,265,991,274 |
326,463,195,624 |
|
Cost of Sold Goods |
361,881,540,435 |
342,915,083,724 |
271,871,980,231 |
|
Gross Profit |
99,461,332,902 |
66,350,907,550 |
54,591,215,393 |
|
Selling & Admin. Expenses |
16,114,947,749 |
15,559,240,913 |
13,902,604,588 |
|
Operating Income |
83,346,385,153 |
50,791,666,637 |
40,688,610,805 |
|
Non-Operating Income |
20,037,379,076 |
68,108,921,610 |
4,626,569,047 |
|
Non-Operating Expenses |
29,772,536,470 |
75,680,304,024 |
11,966,026,649 |
|
Ordinary Income |
73,611,227,759 |
43,220,284,223 |
33,349,153,203 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
73,611,227,759 |
43,220,284,223 |
33,349,153,203 |
|
Income Taxes Expenses |
18,513,683,402 |
13,028,074,391 |
(-)646,947,634 |
|
Net Income |
55,097,544,357 |
30,192,209,832 |
33,996,100,837 |
Cash
Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2009 |
As of 12/31/2008 |
As of 12/31/2007 |
|
Cash Flows from Operating |
109,507,401,732 |
43,700,477,426 |
59,801,541,791 |
|
-Net Income |
55,097,544,357 |
30,192,209,832 |
33,996,100,837 |
|
-Exp. without Cash Outflow |
52,900,179,436 |
97,318,253,992 |
25,072,515,026 |
|
-Revenue without Cash Inflows |
(-)12,886,032,249 |
(-)56,520,695,077 |
(-)2,368,415,192 |
|
-Changes in Asset/ &
Liability |
14,395,710,188 |
(-)27,289,291,321 |
3,101,341,120 |
|
Cash Flows from Investing |
(-)16,572,911,538 |
(-)48,426,424,069 |
(-)158,566,785,462 |
|
-Cash Inflow from Investing |
884,657,419 |
1,020,262,034 |
1,117,166,782 |
|
-Cash Outflows for Investing |
(-)17,457,568,957 |
(-)49,446,686,103 |
(-)159,683,952,244 |
|
Cash Flows from Financing |
(-)77,842,377,400 |
37,062,500,000 |
100,736,953,288 |
|
-Cash Inflows from Financing |
- |
79,312,500,000 |
109,165,000,000 |
|
-Cash Outflows from Financing |
(-)77,842,377,400 |
(-)42,250,000,000 |
(-)8,428,046,712 |
|
Increase/Decrease in Cash |
15,092,112,794 |
32,336,553,357 |
1,971,709,617 |
|
Cash at the Beginning of Year |
38,654,283,350 |
6,317,729,993 |
4,346,020,376 |
|
Cash at the End of Year |
53,746,396,144 |
38,654,283,350 |
6,317,729,993 |
Products, Technologies, Services Description
|
Main Products & Services |
METHYL METHACRYLATE(MMA) POLY METHYLMETHACRYLATE(PMMA) METHACRYLIC ACID(MAA) MMA Subject company produced MMA
for the first time in Korea in 1993. MMA is widely used in various industries
as a raw material for transparent plastic resins such as PMMA, optical fiber
materials, paints and adhesives. PMMA MMA is used for the automotive
industry, components of electric and electronic products, and construction
materials for its excellent transparency, weatherability and colorability.
Our products are well recognized worldwide for their excellency: they meet
the various international standards, which include the flame retardant
standard from UL and CSA, the AMECA standard for automotive vehicles, and the
JHPC directive of the Ministry of Health in Japan. |
|
Detailed Products Spec. |
MMA: 100,000 M/T PMMA : 90,000 M/T |
Trade Partners & Competitors
|
Suppliers |
LG CHEM, LTD. LG PETROCHEM. CO., LTD. CS CALTEX CORPORATION LG CNS CO., LTD. LG INTERNATIONAL CORP. GS ENGINEERING &
CONSTRUCTION CORP. SHINHAN APEX CORPORATION |
|
Customers |
LG CHEM, LTD. LG PETROCHEM. CO., LTD. LG INTERNATIONAL CORP. GS ENGINEERING &
CONSTRUCTION CORP. |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
LG CORP.(110111-0003543) LG ELECTRONICS
INC.(110111-2487050) LG CHEM LTD.(110111-2207995) LG DACOM
CORPORATION(110111-0315948) LG INTERNATIONAL CORP(110111-0004632) LG CHEM LTD.(110111-2207995) LG HOUSEHOLD & HEALTH CARE
LTD.(110111-2208000) LG LIFE SCIENCES CO., LTD.(110111-2581183) LG DISPLAY CO.,
LTD.(110111-0393134) LG TELECOM CO., LTD.(110111-1296676) LG INNOTEK CO.,
LTD.(110111-0192180) LG MICRON LTD.(175311-0001075) LG DOW POLYCARBONATE CO.,
LTD.(206211-0014519) LG CNS CO.,
LTD.(110111-0516695) LG SPORTS CO.,
LTD.(110111-0359300) LG MANAGEMENT DEVELOPMENT
INSTITUTE CO., LTD.(110111-0423494) SILTRON
INCORPORATED(175311-0001348) LG MMA
CORPORATION(206211-0001805) DACOM MULTIMEDIA INTERNET
CORPORATION(110111-1905441) DACOM CROSSING
CORPORATION(110111-2234683) SERVEONE(110111-2411520) LG N SYS CO.,
LTD.(110111-2397027) HIPLAZA CO., LTD.(131111-0028801) LG POWERCOM
CORPORATION(110111-1863889) HI BUSINESS LOGISTICS CO.,LTD. V-ENS CO., LTD.(120111-0334897) LUSEM CO., LTD.(176011-0038073) CS LEADER CO.,
LTD.(110111-2271924) AIN TELE SERVICE CO.,
LTD.(180111-0367581) BIZ TECH & EKTIMO CO.,
LTD.(110111-2689507) LG SOLAR ENERGY
INC.(110111-3759408) COCA-COLA BEVERAGE CO.,
LTD.(110111-1342130) UCESS PARTNERS CO.,
LTD.(110111-3798026) SYSTEM AIR-CON ENGINEERING
INCORPORATION(110111-3371989) JIHEUNG CO.,
LTD.(180111-0630053) CS ONE PARTNER CORPORATION(110111-3961756) SEETECH CO., LTD. TWIN WINE CO.,
LTD.(110111-3791129) KOREA COMMERCIAL VEHICLE CO.,
LTD.(200111-0105200) GIOVINE CO.,
LTD.(110111-3942714) PIXDIX CO.,
LTD.(110111-3947657) |
|
Affiliates-Overseas |
LG INNOTEK HUIZHOU CO.,LTD SERVEONE(NANJING) COMPANY
LIMITED ARCELIC-LG KLIMA SANAYI VE
TICARTE A.S(LGEAT) BEIJING LG HOUSEHOLD CHEMICAL
CO., LTD. CCKBC(NETHERLANDS)HOLDING Ⅰ BV CCKBC(NETHERLANDS)HOLDING Ⅱ BV COMPACT POWER INC. DACOM AMERICA INC. DE ZWARTE PONK B.V.(DZP) EIC PROPERTIES PTE.LTD. ELECTROMAGNETICA GOLDSTAR S.R.L EPC MUNAI LLP FOSCO B.V. GFTZ LG INTERNATIONAL LTD. GLOBAL PROFESSIONAL SOURCING
CO., LTD GUANGZHOU NEW VISION TECHNOLOGY
RESEARCH AND DEVELOPMENT LIMITED HANGZHOU LG COSMETICS CO., LTD. HI LOGISTICS CHINA HI LOGISTICS EUROPE B.V. LANCHAO LG(YANTAI)DIGITAL INSPUR LG DIGITAL MOBILE
COMMUNICATIONS CO., LTD. LG (TIMOR SEA 06-102) LTD LG (YANTAI) INFORMATION &
COMMUNICATION TECH. LG ALINA ELECTONICS(LGERI) LG CHEM BRASIL INTERMEDICAO DE
NEGOCIOS DO SETOR QUIMICO LTDA. LG CHEM DISPLAY MATERIAL CO.,
LTD LG CHEM EUROPE GMBH LG CHEM INDUSTRIAL MATERIALS
INC. LG CHEM POLAND SP. Z O. O. LG CHEM TAIWAN, LTD. LG CHEM( LG CHEM(NANJING) INFO &
ELECTRONIC MATERIALS CO. LTD LG CHEM(TIANJIN) ENGINEERING
PLASTICS CO., LTD LG CHEMICAL AMERICA INC. LG CHEMICAL HONG KONG LTD. LG CHEMICAL INDIA PRIVATE LTD. LG CHEMICAL TRADING CO., LTD LG CHEMICAL(GUANGZHOU)
ENGINEERING PLASTICS CO.,LTD LG CNS AMERICA, INC LG CNS BRASIL SERVICOS DE
T.I.LTDA LG CNS CHINA, INC LG CNS EUROPE B.V LG CNS GLOBAL PRIVATE LIMITED |
|
Affiliates-Overseas |
LG ELECTRONICS RUS-MARKETING,
LLC LG ELECTRONICS S.A.(PTY) LTD.
(LGESA) LG ELECTRONICS SINGAPORE PTE
LTD LG ELECTRONICS TAIWAN TAIPEI
CO., LTD. LG ELECTRONICS THAILAND
CO.,LTD.(LGETH) LG ELECTRONICS TIANJIN
APPLIANCES CO., LTD. LG ELECTRONICS TICARET A.S LG ELECTRONICS UKLAINE LG ELECTRONICS UNITED KINGDOM LTD.
(LGEUK) LG ELECTRONICS USA INC. (LGEUS) LG ELECTRONICS VIETNAM LTD.
(LGESV) LG ELECTRONICS WALES LTD.
(LGEWA) LG ELECTRONICS WROCLAW SP. ZO.O LG ELECTRONICS(CHINA) RESEARCH
AND DEVELOPMENT CENTER CO., LTD LG H&H TRADING(SHANGHAI)
CO.LTD. LG HOLDINGS LTD. (LGHK) LG HOUSEHOLD & HEALTH CARE
AMERICA, INC LG INNOTEK MEXICALI S.A. DE C.V LG INNOTEK POLAND SP. ZO.O. LG INNOTEK USA INC. LG INNOTEK YANTAI CO., LTD LG INTERNATIONAL AMERICA INC. LG INTERNATIONAL CORP.( LG INTERNATIONAL JAPAN LTD. LG INTERNATIONAL INVESTMENT
(CANADA) LTD. LG INTERNATIONAL SAUDI LLC LG INTERNATIONAL (AUSTRALIA)
PT'S, LTD. LG INTERNATIONAL(DEUTCHLAND)
GMBH LG INTERNATIONAL(HK) LIMITED LG INTERNATIONAL (U.K.) LTD. LG LIFE SCIENCES INDIA PVT,LTD LG LIFE SCIENCES POLAND, LTD LG MICRON(FUJIAN) ELECTRONICS
CO.,LTD LG MICRON (TAIWAN) LTD. LG MITR ELECTRONICS CO., LTD.
(LGEMT) LG PHILIPS LCD AMERICA INC. LG PHILIPS LCD GERMANY GMBH LG PHILIPS LCD HONGKONG CO.,LTD LG PHILIPS LCD JAPAN CO.LTD. LG PHILIPS LCD NANJING CO. LTD LG.PHILIPS LCD SHENZEN CO.,
LTD. LG PHILIPS LCD TAIWAN CO. LTD.
(LGPLT) |
|
Affiliates-Overseas |
LG CNS JAPAN, INC LG CNS PHILIPINES, INC LG ELCTRONICS NORWAY AS LG ELECTONICS HUIZHOU LTD. LG ELECTRONICS (KUNSHAN)
COMPUTER CO., LTD. LG ELECTRONICS (LEVANT) - JORDAN LG ELECTRONICS (NANJING) PLASMA
CO., LTD LG ELECTRONICS (SHENYANG)
INC.(LGESY) LG ELECTRONICS AFRICA LOGISTICS
FZE LG ELECTRONICS ALAMABA, INC.
(LGEAI) LG ELECTRONICS ALMATY KAZAK
CO., LTD.(LGEAK) LG ELECTRONICS ARGENTINA
S.A.(LGEAR) LG ELECTRONICS AUSTRALIA PTY.,
LTD. (LGEAP) LG ELECTRONICS AUSTRIA GMBH LG ELECTRONICS BENELUX SALES
B.V. LG ELECTRONICS CANADA,INC.
(LGECI) LG ELECTRONICS CHINA CO., LTD.
(LGECH) LG ELECTRONICS COLOMBIA,
LTDA.(LGECB) LG ELECTRONICS CZECH S.R.O. LG ELECTRONICS DA AMAZONIA LTDA
(LGEAZ) LG ELECTRONICS DE SAO PAULO
LTDA. (LGESP) LG ELECTRONICS
DEUTSCHLAND.GMBH. (LGEDG) LG ELECTRONICS EGYPT CARIO
S.A.E (LGEEC) LG ELECTRONICS EGYPT S.A.E.
(LGEEG) LG ELECTRONICS ESPANA S.A.
(LGEES) LG ELECTRONICS EUROPEAN
HOLDINGS B.V. LG ELECTRONICS EUROPEAN
LOGISTICS & SERVICES B.V. LG ELECTRONICS EUROPEAN SHARED
SERVICE CENTER B.V. LG ELECTRONICS FRANCE S.A.R.L. LG ELECTRONICS GULF FZE (LGEGF) LG ELECTRONICS HELLAS S.A LG ELECTRONICS HK LTD.(LGEHK) LG ELECTRONICS INC. CHILE
LIMITADA LG ELECTRONICS INDIA (PVT.)
LTD. (LGEIL) LG ELECTRONICS ITALY S.P.A.
(LGEIS) LG ELECTRONICS JAPAN INC.
(LGEJP) LG ELECTRONICS JIT EUROPE B.V LG ELECTRONICS LATVIA LLC LG ELECTRONICS MAGYAR KFT.
(LGEMK) LG ELECTRONICS MALAYSIA SDN.
BHD.(LGEML) LG ELECTRONICS MEXICALI, S. A.
DE C. V. (LGEMX) LG ELECTRONICS MEXICO S.A. DE
C.V (LGEMS) LG ELECTRONICS MIDDLE EAST CO.,
LTD. LG ELECTRONICS MLAWA SP.ZO.O
(LGEMA) LG ELECTRONICS MOBILE RESEARCH
U.S.A. LLC (LGEMR) LG ELECTRONICS MOBILECOMM
FRANCE S.A.S LG ELECTRONICS MOBLECOMM U.S.A.,
INC.(LGEMU) LG ELECTRONICS MONTERREY MEXICO
S.A. DE C.V. LG ELECTRONICS MOROCCO
SARL(LGEMC) LG ELECTRONICS NANJING DISPLAY
CO.,LTD LG ELECTRONICS(HANGZHOU)
RECORDING MEDIA CO., LTD LG ELECTRONICS NIGERIA
LIMITED(LGENI) |
|
Affiliates-Overseas |
LG ELECTRONICS NORDIC AB LG ELECTRONICS OVERSEAS TRADING
FZE LG ELECTRONICS PANAMA S.A.
(LGEPS) LG ELECTRONICS PERU S.A.
(LGEPR) LG ELECTRONICS PHILIPPINES,
INC. (LGEPH) LG ELECTRONICS POLSKA SP.ZO.O
(LGEPL) LG ELECTRONICS PORTUGAL S.A. LG ELECTRONICS QINHUANGDAO CO.,LTD(LGEQH) LG ELECTRONICS RAYNOSA, S.A.DE
C.V(LGERS) LG ELECTRONICS ROMANIA S.R.L LG ELECTRONICS RUS.LLC LG PROPERTIES PTE. LTD. LG SOFT INDIA PVT LTD.(LGSI) LG SOLID SOURCE, LLC LG VINA CHEMICAL J/V COMPANY LG VINA COSMETICS LG.PHILIPS LCD GUANGZHOU CO.,
LTD.(LPLGZ) LG.PHILIPS LCD POLAND SP. Z
O.O. LG.PHILIPS LCD SHANGHAI CO.,
LTD. LG-SHAKER CO.,LTD MONGOLIA RESOURCES INVESTMENT
LIMITED NAKHODKA FEZ TELECOMMUNICATIONS
CO.LTD.(ROKOTEL) NANJING LG INTERNATIONAL VMI
LTD.CO. NANJING LG PANDA APPLIANCES
CO., LTD. (LGEPN) NINGBO LG YONGXING CHEMICAL
CO., LTD. PHILCO RESOURCES LIMITED PT LG CNS INDONESIA PT LG ELECTRONICS INDONESIA
(LGEIN) PT. BATUBARA GLOBAL ENERGY PT. GOLDEN HYUNDAI
MACHINERY(PT.GHM) PT. KIMCO ENERGY UTAMA PT. LG INNOTEK INDONESIA PT. TUTUI BATUBARA UTAMA QINGDAO LG INSPUR DIGITAL
COMMUNICATION CO., LTD. RESOURCES INVESTMENT (H.K)
LIMITED SHANGHAI LG ELECTRONICS
CO., LTD. (LGESH) SILTRON AMERICA, INC. TAIZHOU LG ELECTRONIC
REFRIGERATION CO.LTD(LGETR) TIANJIN LG BOHAI CHEMICL
CO.,LTD. TIANJIN LG DAGU CHEMICAL CO.,
LTD. TIANJIN LG NEW BUILDING
MATERIALS CO., LTD. TRIVENI DIGITAL INC. V-ENS (M) SDN. BHD. ZENITH ELECTRONICS CO. (ZENITH) |
|
Corporate Ownership |
LG CORP.(110111-0003543) |
|
Major Shareholders |
LG CORP.(110111-0003543) SUMITOMO CHEMICAL CO., LTD.
(JAPAN) JAPANESE INTEGRATED CHEMICAL
COMPANIES (JAPAN) |
|
Cooperative Enterprise |
-Technical Support from SUMITOMO CHEMICAL CO.,
LTD.(JAPAN) -Insured Company LIG INSURANCE CO., LTD(110111-0017859) |
Sales by Region (Activity &
Markets)
|
Sales/ Unit :Mil KRW |
2009 |
2008 |
2007 |
|
Export |
348,174,887,451 |
301,057,053,116 |
238,043,592,088 |
|
Domestic |
112,390,164,231 |
106,339,754,168 |
87,222,336,577 |
|
Others |
777,821,655 |
1,869,183,990 |
1,197,266,959 |
|
Total |
461,342,873,337 |
409,265,991,274 |
326,463,195,624 |
Court Action
No.
News Clipping
Not Available
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.45 |
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.