MIRA INFORM REPORT

 

 

Report Date :

18.03.2011

 

IDENTIFICATION DETAILS

 

Name :

DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD.

 

 

Registered Office :

555, Gwigok-dong, Changwon-si, Gyeongsangnam-do, Korea 641-792

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

20.09.1962

 

 

Com. Reg. No.:

609-81-04684

 

 

Legal Form :

Listed Company

 

 

Line of Business :

Manufacture of Other Engines and Steam and Gas Turbines

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

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 – December 31, 2010

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

South Korea

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Basic

 

Company Name

DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD.

(Korean Company Name : “두산중공업(주)”)

Registered Address

555, Gwigok-dong, Changwon-si, Gyeongsangnam-do, Korea

Zip Code

641-792

Tel

+82-55-278-6114

Fax

+82-55-264-5551~2

E-mail

habang.kim@doosan.com;taeyoung.sohn@doosan.com; hyeoungchul.yoon@doosan.com;chongjune.yoon@doosan.com; yeonwoo.nam@doosan.com;jungkyu.lee@doosan.com; sungsoo.kim1@doosan.com;sangjinkim@doosan.com

Website

www.doosanheavy.com

Trading Address

1303-22, Seocho-dong, Seocho-gu, Seoul, Korea (C.P.O Box 1826)

Tel

+82-2-513-6114

Fax

+82-2-513-6200

Type

Export/Import

Industry

Manufacture of Other Engines and Steam and Gas Turbines

  Main Business

Turbine Generator, Desalination Plant, Nuclear Power Plants, Power Plants, Desalination Plants, Casting & Forgings

  Sub Business

Construction of Industrial Plants

Established (mm/dd/yyyy)

09/20/1962

The Subject Company owns the premises of registered HQ address.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Commercial or industrial construction(72131600)

Sell

Post(30102900)

Sell

Steel plate(30102204)

Sell

Heating equipment and parts and accessories(40101800)

Sell

Water treatment and supply equipment(47101500)

Sell

Nuclear reactor equipment(26142100)

Sell

Boilers(40102000)

Sell

Odor control equipment(47101530)

Sell

Dust collectors(40161503)

Sell

Industrial filtering and purification(40160000)

Sell

Filters(40161500)

Sell

Nuclear fuel equipment(26142200)

Sell

Atomic and nuclear energy machinery and equipment(26140000)

Sell

Lifting equipment and accessories(24101600)

Sell

Marine propellers(25111902)

Sell

Nuclear reactor control rod systems(26142106)

Sell

Turbine engines(26101506)

Sell

Power generators(26111600)

Sell

Desalination equipment(47101508)

Sell

Steel housings or cabinets(31261503)

Sell

General building construction(72130000)

Sell

Steel(11101704)

Sell

Rotors or stators(26101803)

Sell

Crankshaft(26101749)

 

 

CEO’s

 

Name

Park Gee-Won

Address

 

Date of Birth

03/20/1965

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

528,715,335,000

Employees

5,980

Formation

Listed Company (Korea Stock Exchange : 034020) as of 10/25/2000

A Company of DOOSAN GROUP

Bank Details

Korea Exchange Bank-Yeoksam Dong Branch

Corporate Registered No.

194211-0000943

Business Registered No.

609-81-04684

Permit & Licenses

02/24/1995 ISO 9001 (Engine Business)

10/04/1995 ISO 9002 (Construction Business)

12/09/1997 ISO 14001(Construction Business)

08/01/1998 ISO 14001(Power Generation, Industry Equipment, Engine, Casting Business)

 

Int’l Trade No.: 671226

Shareholder Position

Name

Shares

%

DOOSAN CO., LTD.(110111-0013774)

43,645,207

41.25

KOREA DEVELOPMENT BANK(110135-0000937)

1,346,909

1.27

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

4,713,570

4.46

TREASURY STOCK

15,981,979

15.11

OTHERS

40,113,402

37.91

TOTAL

105,801,067

100.00

Company History

09/1962 Hyundai Yanghaeng (Formerly HANJUNG) Founded

11/1976 Commencement of Construction for Changwon Plant

10/1980 Changed company name to HANJUNG

11/1981 Acquired ASME ‘N’ and ‘NPT’ stamps

06/1982 Changwon Plant completed

08/1983 Assembly Line for Marine Diesel Engines completed

03/1987 Technical Research Center opened as HANJUNG Research Center

02/1990 Capital Increased to 100 Billion Won (Current Capital: 521 Billion Won)

01/1993 Gas Turbine Plant completed

03/1993 Acquired ISO 9001 Certificate

10/1995 Acquired ISO 9001 Certificate for Construction

12/1997 Acquired ISO 14001 for Environmental Management System

11/1999 Integration of domestic power and engine industries into HANJUNG

01/2000 HSD Engine Corporation established

10/2000 Listed on the stock market

11/2000 Received Korea Quality Award

03/2001 Changed company name to the present name

2002 Supplied main nuclear power systems to the Sequoyah Nuclear Power Plant, USA Qinshan Nuclear Power Plant, China

2002 Dangjin Thermal Power Plant selected as the ‘Power Plant of the Year’ by a U.S. magazine ‘Power Engineering’

2003 Largest share of the global market for HRSG

2004 HRSG, mold steel and cold press work roll selected as 'Global Products’

2004 Sales reach four trillion won

2005 Obtained KOLAS/OHSAS18001 Management System Certification Received Korea’s Best Company Award

2005 Acquisition of Daewoo Heavy industrial & machinery (Currently Doosan Infracore)

2005 Acquisition of a section of reverse osmosis water treatment from AES in USA (Currently Doosan hydro techology)

2006 Acquisition of Kvaerner IMGB (Currently Doosan IMGB)

2006 Acquisition of Mitsui Babcock (Currently Doosan Babcock)

2006 Establish of a R&D center for desalination in Dubai, UAE

2007 Starting construction work of a manufacturing plant in Vietnam

12/19/2008 Issued debentures amounting 50,000,000,000 KRW for operating capital

09/14/2009 Acquired SAMHWA ASSET CO., LTD(110111-4164242)

 

 

Management

 

Job Description

Title

Name

Nationality

Date of Birth

Education

Chairman

Mr.

Park Yong-Sung

Korean

1940.09.11

New York University, USA

Vice Chairman & CEO

Mr.

Chung Ji-Taik

Korean

1950.03.21

Seoul National University, Korea

President & CEO

Mr.

Park Gee-Won

Korean

1965.03.20

New York University, USA

President & COO

Mr.

Shim Kyu-Sang

Korean

1950.01.26

Yonsei University, Korea

Vice President & CFO

Mr.

Choi Jong-Il

Korean

1956.09.25

Kyunghee University, Korea

Chairman

Mr.

Park Yong-Man

Korean

1955.02.05

Seoul National University, Korea

Director

Mr.

Lee Jae-Kyung

Korean

1950.06.27

Seoul National University, Korea

Outside Director

Mr.

Lee Jong-Yeol

Korean

1949.05.10

Seoul National University, Korea

Outside Director

Mr.

Yoon Keon-Young

Korean

1952.03.08

Seoul National University, Korea

Outside Director

Mr.

Han Jung-Hwa

Korean

1954.07.30

Seoul National University, Korea

Outside Director

Mr.

Kim Hoi-Sun

Korean

1955.05.03

Seoul National University, Korea

Outside Director

Mr.

Song Kwang-Soo

Korean

1950.01.04

Seoul National University, Korea

Outside Director

Mr.

Zwa Seung-Hee

Korean

1947.04.06

Seoul National University, Korea

Outside Director

Mr.

Kim Sang-Yeol

Korean

1947.12.06

Yonsei University, Korea

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2010

6,178,334,597,406

9,225,556,607,972

111,207,121,708

2009

6,279,480,704,907

9,175,771,234,325

(-)-328,314,807,906

2008

5,709,659,570,179

9,919,032,270,964

(-)65,851,255,388

2007

4,089,542,224,461

5,581,755,860,352

298,690,059,956

2006

3,508,665,339,829

5,162,276,633,395

74,164,962,570

2005

3,303,497,279,654

4,906,151,940,845

164,919,873,871

2004

2,455,505,414,985

3,649,300,078,339

164,226,996,036

2003

2,067,673,054,094

3,036,927,139,193

27,214,889,688

 

 

Financial Description

 

Authorized Capital(KRW)

2,000,000,000,000

Paid-Up Capital(KRW)

528,715,335,000

Total Issues Shares

105,743,067

 

 

Balance Sheet

 

Unit : Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Total Assets

9,225,556,607,972

9,175,771,234,325

9,919,032,270,964

Current Assets

3,249,668,066,107

3,689,557,244,849

4,160,549,324,045

-Quick Assets

2,997,565,838,362

3,422,755,686,777

3,920,369,636,758

-Inventories

252,102,227,745

266,801,558,072

240,179,687,287

Fixed Assets

5,975,888,541,865

5,486,213,989,476

5,758,482,946,919

-Investment

3,387,447,695,362

2,909,438,929,204

2,795,723,885,867

-Tangibles

1,969,609,269,804

1,881,992,392,947

1,806,497,028,744

-Intangibles

271,007,402,806

234,326,921,903

212,212,860,701

-Others

347,824,173,893

460,455,745,422

944,049,171,607

Total Liabilities

5,688,605,567,249

5,856,298,979,317

6,537,492,358,161

Current Liabilities

4,047,617,318,389

3,972,922,356,220

4,617,277,398,359

Fixed Liabilities

1,640,988,248,860

1,883,376,623,097

1,920,214,959,802

Capital Stock

529,082,335,000

528,698,835,000

524,766,500,000

Capital Surplus

1,123,341,298,865

929,437,905,729

652,109,845,564

Profit Surplus

823,085,530,825

756,757,303,117

1,152,990,947,850

Capital Adjustment

1,061,441,876,033

1,104,578,211,162

1,051,672,619,389

Total Equity

3,536,951,040,723

3,319,472,255,008

3,381,539,912,803

Liab. & Shareholder’s Equity

9,225,556,607,972

9,175,771,234,325

9,919,032,270,964

 

 

Current Liabilities

4,047,617,318,389

3,972,922,356,220

4,617,277,398,359

Trade Payables

535,805,411,274

623,640,986,132

609,928,306,672

Short-Term Borrowings

832,153,296,296

1,195,107,496,650

1,338,834,291,398

Account Payables

234,422,063,909

238,468,975,175

214,489,708,518

Advance Receipts

1,455,042,687,301

869,650,012,024

993,167,057,081

Withholdings

16,387,525,468

25,087,278,863

27,314,888,266

Accrued Expenses

126,347,374,409

87,305,377,117

119,635,186,402

Accrued Income Tax

77,936,236,601

2,753,538,037

150,750,893,773

Current Portion of Long-Term Debts

509,980,103,879

517,770,919,947

401,854,022,160

Derivatives

172,781,798,373

396,515,764,163

761,260,401,723

Confirmed Contract Liabilities

49,560,820,879

16,622,008,112

42,642,366

Other Provisions

37,200,000,000

-

-

Fixed Liabilities

1,640,988,248,860

1,883,376,623,097

1,920,214,959,802

Debentures

678,355,607,277

838,593,944,460

466,652,120,692

Long-Term Borrowings

-

180,615,360,000

137,967,650,914

Long-Term Account Payables

39,726,537,620

39,453,989,225

47,201,183,146

Provision for Severance & Retirement

156,192,640,449

136,751,132,873

122,732,885,598

Other Provisions

96,594,765,972

81,238,192,008

65,997,273,643

Guarantee Deposit Withhold

132,592,009,081

112,157,730,148

101,293,697,680

Other Non-Current Derivatives

197,105,186,771

294,930,439,009

761,583,166,072

Confirmed Contract Liabilities

62,173,092,931

10,395,891,228

-

Deferred Income Tax Credit

272,963,540,259

183,918,075,646

212,021,082,057

Other Non-Current Liabilities

5,284,868,500

5,321,868,500

4,765,900,000

 

 

Income Statement

 

Unit : Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Sales

6,178,334,597,406

6,279,480,704,907

5,709,659,570,179

Cost of Sold Goods

5,188,287,596,851

5,500,269,210,941

4,861,023,065,086

Gross Profit

990,047,000,555

779,211,493,966

848,636,505,093

Selling & Admin. Expenses

543,204,998,207

375,395,034,359

374,199,271,865

Operating Income

446,842,002,348

403,816,459,607

474,437,233,228

Non-Operating Income

600,177,547,752

624,015,368,841

711,318,110,287

Non-Operating Expenses

888,949,514,733

1,257,520,689,881

1,308,435,150,503

Ordinary Income

158,070,035,367

-229,688,861,433

-122,679,806,988

Special Income

-　

-　

-

Income Before Taxes

158,070,035,367

-229,688,861,433

-122,679,806,988

Income Taxes Expenses

46,862,913,659

98,625,946,473

-56,828,551,600

Net Income

111,207,121,708

-328,314,807,906

-65,851,255,388

 

 

Cash Flows

 

Unit : Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Cash Flows from Operating

1,035,617,903,689

-13,268,547,351

250,049,734,995

-Net Income

111,207,121,708

-328,314,807,906

-65,851,255,388

-Exp. without Cash Outflow

782,333,142,599

897,771,442,074

1,022,724,539,418

-Revenue without Cash Inflows

-358,942,777,060

-318,972,067,490

-348,583,221,593

-Changes in Asset/ & Liability

501,020,416,442

-263,753,114,029

-358,240,327,442

Cash Flows from Investing

-465,532,837,510

-563,884,359,705

-352,753,697,063

-Cash Inflow from Investing

110,498,092,270

82,775,916,186

47,975,338,025

-Cash Outflows for Investing

-576,030,929,780

-646,660,275,891

-400,729,035,088

Cash Flows from Financing

-740,222,916,448

569,977,016,276

450,189,040,688

-Cash Inflows from Financing

302,267,340,000

1,147,428,119,999

773,034,300,540

-Cash Outflows from Financing

-1,042,490,256,448

-577,451,103,723

-322,845,259,852

Increase/Decrease in Cash

-170,137,850,269

8,601,738,459

347,485,078,620

Cash at the Beginning of Year

517,262,916,461

508,661,178,002

161,176,099,382

Cash at the End of Year

347,125,066,192

517,262,916,461

508,661,178,002

 

Products, Technologies, Services Description

 

Main Products & Services

NUCLEAR POWER PLANT

Reactor Vessel

Reactor Internals

Steam Generator

BOP

Peripheral Systems

 

POWER PLANT

Main Parts

Auxiliary Systems

 

DESALINATION PLANT

MSF (Multi Stage Flash)

MED (Multi Effect Distillation)

RO (Reverse Osmosis)

Hybrid (MSF + RO, MED + RO)

WT/WWT(Water/Wastewater Treatment)

 

CASTING & FORGING

Power Facilities

Marine Engine Parts

Steel Mill

Die & Tool Steel

 

CONSTRUCTION

 

Brand Name : DOSAN WE’VE

 

Trade Partners & Competitors

 

Suppliers

DOOSAN INDUSTRIAL DEVELOPMENT CO., LTD.

DOOSAN CORPORATION

DOOSAN ENGINE CO., LTD.

DOOSAN MECATEC CO., LTD.

 

WONIK QUARTZ CO., LTD.

16F KUKJE ELECTRONICS CENTER 1445-3 SEOCHO-DONG SEOCHO-GU SEOUL 137-728 KOREA

TEL: 82-2-586-4601  FAX: 82-2-586-4614

INDUSTRY: MANUFACTURE OF LABORATORY AND OTHER INDUSTRIAL GLASSWARE

 

SEOHO ELECTRIC CO., LTD.

194-53, ANYANG 7-DONG, MANAN-GU, ANYANG, GYEONGGI 430-815 KOREA

TEL: 82-31-468-6611  FAX: 82-31-468-3311

INDUSTRY: MANUFACTURE OF BOARDS FOR ELECTRIC CONTROL OR DISTRIBUTION

 

UNISON CO., LTD.

803, JANGSAN-RI, SUSIN-MYEON, CHEONAN, CHUNGNAM 330-882 KOREA

TEL: 82-41-620-3333  FAX: 82-41-551-5611

INDUSTRY: MANUFACTURE OF ALL OTHER FABRICATED METAL PRODUCTS N.E.C.

 

YANG BO CO., LTD.

1506-1, SONGJEONG-DONG, GANGSEO-GU, BUSAN 618-270 KOREA

TEL: 82-51-831-8889  FAX: 82-51-831-7744

INDUSTRY: MANUFACTURE OF ROLLED, DRAWN AND FOLDED PRODUCTS OF COPPER

 

BOSUNG POWERTEC CO., LTD.

731-2, WONSI-DONG, DANWON-GU, ANSAN, GYEONGGI 425-851 KOREA

TEL: 82-31-491-0311  FAX: 82-31-491-5317

INDUSTRY: MANUFACTURE OF OTHER ELECTRIC MOTORS, GENERATORS AND TRANSFORMERS

 

SEOHO ELECTRIC CO., LTD.

194-53, ANYANG 7-DONG, MANAN-GU, ANYANG, GYEONGGI 430-815 KOREA

TEL: 82-31-468-6611  FAX: 82-31-468-3311

INDUSTRY: MANUFACTURE OF BOARDS FOR ELECTRIC CONTROL OR DISTRIBUTION

Customers

SWCC (SALINE WATER CONVERSION CORPORATION)-SAUDI ARABIA

DONGRIWON DEVELOPMENT VINA.CO.,LTD & HAI BINH JOINT STOCK COMPANY-VIETNAM

SHUWEIHAT 2 HOLDING COMPANY LIMITED-UAE

GHECO-ONE COMPANY LIMITED-THAILAND

PSA CORPORATION LTD.-SINGAPORE

WESTINGHOUSE ELECTRIC COMPANY LLC-USA

MEW(THE MINISTRY OF ELECTRICITY AND WATER IN KUWAIT)-KUWAIT

GECOL(GENERAL ELECTRICITY COMPANY OF LIBYA)-LIBYA

KSPC (KEPCO SPC POWER CORP.)-PHILIPPINES

GE (GENERAL ELECTRIC INTERNATIONAL, INC.)-USA

 

KOREA ELECTRIC POWER CORPORATION(114671-0001456)

KOREA HYDRO & NUCLEAR POWER CO., LTD.(110111-2207127)

KOREA SOUTHERN POWER CO., LTD.(110111-2207135)

HAEKUK FEEL D&C(110111-1530157)

Competitors

HYUNDAI STEEL COMPANY(120111-0001743)

HYUNDAI STEEL, 1, SONGHYEON 3-DONG, DONG-GU, INCHEON, KOREA

TEL:+82-32-760-2114  FAX:+82-32-760-2813

 

HYUNDAI HEAVY INDUSTRIES CO.,LTD.(181211-0000386)

1, JEONHA 1-DONG, DONG-GU, ULSAN, KOREA

TEL:+82-52-202-2114  FAX:+82-52-234-2565

 

THE KANSAI ELECTRIC POWER COMPANY, INC.

3-6-16, NAKANOSHIMA KITA-KU OSAKA-SHI, OSK 530-8270 JAPAN

TEL:+81-6-64418821

 

MASHINOSTROITEL'NYI ZAVOD OAO

UL. K. MARKSA 12 ELEKTROSTAL', 144001 RUSSIA

TEL:+7-495-7029901 FAX:+7-495-7029221 (FAX)

 

SHIKOKU ELECTRIC POWER COMPANY, INC.

2-5 MARUNOUCHI TAKAMATSU-SHI, KGW 760-8573 JAPAN

TEL:+81-87-8215061

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

DOOSAN INFRACORE CO., LTD.(120111-0234469)

(38.86% held by the subject company)

 

DOOSAN ENGINE CO., LTD(194211-0038423)

(53.04% held by the subject company)

 

DOOSAN MECATEC CO., LTD.(110111-0126022)

(100.00% held by the subject company)

 

N.SHAPER CO., LTD .(110111-1943574)

(80.52% held by the subject company)

 

ORICOM INC(110111-0176986)

(9.72% held by the subject company)

 

DOOSAN CONSTRUCTION & ENGINEERING CO., LTD.(110111-0194277)

(52.18% held by the subject company)

 

DOOSAN CAPITAL CO., LTD.(110111-1220336)

(19.99% held by the subject company)

 

DOOSAN ASSET MANAGEMENT COMPANY CO., LTD(194211-0097859)

(100.00% held by the subject company)

 

DOOSAN DONG-A CO., LTD.(110111-3977117)

DOOSAN CO., LTD.(110111-0013774)

SRS KOREA CO., LTD.(110111-3139733)

DOOSAN FEED & LIVESTOCK CO., LTD.(110111-3809138)

DOOSAN WINE SALES CO., LTD.(110111-3942582)

SAMHWA CROWN & CLOSURE CO., LTD.(134111-0003462)

DOOSAN MOTTROL CO., LTD.(194211-0000274)

NEO TRANS CO., LTD.(131111-0141801)

DOOSAN TOWER CO., LTD.(110111-1722499)

DOOSAN MOTORS CORP.(110111-3008293)

DONG HYUN ENGINEERING CO., LTD.(110111-0508329)

NEOPLUX CO., LTD.(110111-1927841)

BIG & GOOD SECURITIES BROKERAGE.CO., LTD.(110111-1965560)

REXCON CO., LTD.(110111-3586273)

DOOSAN CUVEX CO., LTD(140111-00325709)

DOOSAN BEARS INC(110111-0346919)

DOOSAN MOTTROL HOLDINGS CO., LTD.(110111-3892505)

DOOSAN INTERNATIONAL KOREA LIMITED(110111-3773531)

Overseas Branch

FRANKFURT

FRANKFURT OFFICEARABELLA CENTER, 9TH FLOOR LYONER STRASSE 44-48 FRANKFURT AM MAIN 60528, GERMANY

TEL:+49-69-69-5004-0 FAX:+49-69-69-5004- 10

 

NEW JERSEY

400 KELBY STREET, PARKER PLAZA, 10TH FL. FORT LEE, NJ 07024, USA

TEL:+1-201-944-4554 FAX:+1-201-944-5022/5053

 

WINDSOR

WESTINGHOUSE ELECTRIC, 20 INTERNATIONAL DRIVE, WINDSOR, CT 06095, USA

TEL:+1-860-731-6479 FAX:+1-860-731-6478

 

SCHENECTADY

GENERAL ELECTRIC BUILDING 33, ROOM 202A, ONE RIVER ROAD, SCHENECTADY, NY 12345, USA

TEL:+1-518-385-5218 FAX:+1-518-385-4984

 

BEIJING

19F, TOWER B, GATEWAY PLAZA, NO18 XIAGUANGLI,NORTH ROAD, EAST THIRD RING, CHAOYANG DISTRICT,BEIJING 100027, CHINA

TEL:+86-10-8454-7131∼33 FAX:+86-10-8454-7139

 

TAIWAN

704,NO.51,KEELUNG ROAD SECTION 2, TAIPEI, TAIWAN, R.O.C

TEL:+886-2-2739-2255(ARS) FAX:+886-2-2739-2266

 

KUALA LUMPUR

LETTER BOX NO.86,22ND FLOOR,UBN TOWER,10, JALAN P.RAMLEE,50250 KUALA LUMPUR. MALAYSIA.

TEL:+60-3-2026-8890 FAX:+60-3-2026-8891

 

NEW DELHI

2A, 2NDFL. LOTUS TOWERS,NEW FRIENDS COLONY, NEW DELHI 110 065, INDIA

TEL:+91-11-4132-8031/8034 FAX:+91-11-4132-8039

 

SHANGHAI

38TH FLOOR XIN MEI UNION SQUARE 999 SOUTH PUDONG ROAD, PUDONG NEW AREA SHANGHAI 200120, PR CHINA

TEL:+86-21-5877-8696 FAX:+86-21-5877-5938

Overseas Branch

HANOI

1101, DAEHA BUSINESS CENTER, 360 KIM MA, BA DINH DISTRICK, HANOI, VIETNAM

TEL:+84-4-273-0545/0548 FAX:+84-4-273-0550

 

BANGKOK

10TH FLOOR, M-THAI TOWER, WIRELESS ROAD, BANGKOK, THAILAND

TEL:+66-2-654-0690~2 FAX:+66-2-654-0693

 

MUMBAI

1109&1110, 11TH FLOOR, MAKER CHAMBERS-V, NARIMAN POINT, MUMBAI 400021, INDIA

TEL:+91-22-2202-6505-6516/7842 FAX:+91-22-2202-6557

 

TOKYO

ROOM2410,MITA KOKUSAI BLD.1-4-28, MITA MINATO-KU, TOKYO, JAPAN 108-0073

TEL:+81-3-3452-5451~3 FAX:+81-3-3452-5624

 

ABU DHABI

P.O. BOX 27767 AL GHAITH TOWER, SUITE 508, HAMDAN STREET, ABU DHABI, UAE

TEL:+971-2-627-6273 FAX:+971-2-627-6274

 

RIYADH

P.O. BOX 9656 RIYADH 11423, SAUDI ARABIA

TEL:+966-1-419-1920/1696 FAX:+966-1-419-1995

 

DUBAI

OFFICE NO. 308, AL SERKAL BUIDING, AIRPORT ROAD, PO BOX 11859, DHABI, UNITED ARAB EMIRATES

TEL:+971-2-627-6273 FAX:+971-2-627-6274

 

KUWAIT

SABAH AL-SALEM AREA, BLOCK 4 STREET 24, VILLA 15, KUWAIT

TEL:+965-551-8436 FAX:+965-551-8453

Subsidiary

DOOSAN ENGINE CO., LTD(194211-0038423)

(51.00% held by the subject company)

 

DOOSAN MECATEC CO., LTD.(110111-0126022)

(100.0% held by the subject company)

 

N.SHAPER CO., LTD .(110111-1943574)

(80.52% held by the subject company)

 

DOOSAN IMGB

104 BERCENI ROAD, BUCHAREST 4, ROMANIA

DOOSAN IMGB

 

DOOSAN BABCOCK ENERGY

DOOSAN BABCOCK ENERGY PORTERFIELD ROAD, RENFREW UK, PA4 8DJ

TEL:+44(0) 141-886-4141 FAX:+44(0) 141-885-3338

 

DOOSAN HF CONTROLS

1624 W, CROSBY RD, SUITE 124 CARROLLTON, TX 75006, USA

TEL:+1-469-568-6500 1-866-501-9954 FAX:+1-469-568-6599

 

DOOSAN HYDRO TECHNOLOGY

912 CHAD LANE, TAMPA, FL 33619, USA

TEL:+1-813-549-0182 FAX:+1-813-623-6666

 

CHICO

ORUWALA ATHURUGIRIYA, SRI LANKA

TEL:+94-114-440031/032 FAX:+94-114-440030

 

HPL

P.O. BOX 2803, BOROKO, NCD

PORT MORESBY, PAPUA NEW GUINEA

TEL:+675-320-0529 FAX:+675-321-2984

 

HANVICO

933 TON DUC THANG STREET HONG BANG DISTRICT HAI PHONG, VIETNAM

TEL:+84-31-712-708/711 FAX:+84-31-712-714/715

 

DOOSAN E&S

DOOSAN ENGINEERING & SERVICES INDIA PVT. LTD.

3RD FLOOR BUILDING 8, DLF CYBER CITY BACK SIDE OF INFINITY TOWER, GURGAON HARYANA, INDIA

TEL:+91-124-439-8200 FAX:+91-124-414-7006

 

DOOSAN VINA

DOOSAN HEAVY INDUSTRIES VIETNAM CO., LTD.

NO.1 AN DUONG VUONG STREET, QUANGNGAI CITY, QUANGNGAI PROVINCE, VIETNAM

TEL:+84-55-713-001 FAX:+84-55-713-008

Cooperative Enterprise

-Technical Support

DOOSAN BABCOCK(UK)

FOSTER WHEELER(USA)

GE(USA)

MHI(JAPAN)

ALSTOM HYDRO + ALSTOM HYDRAULIQUE SA(FRANCE)

HTC PURENERGY(CANADA)

BURNS & ROE ENTERPRISE(USA)

 

 

Sales by Region (Activity & Markets)

 

Sales/ Unit : KRW

2010

2009

2008

Export

3,529,109,807,022

3,799,702,426,678

3,697,902,607,612

Domestic

2,649,224,790,384

2,479,778,278,229

2,011,756,962,567

Total

6,178,334,597,406

6,279,480,704,907

5,709,659,570,179

 

 

Court Action

 

Case No.

Court

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

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

Cause

Amount (KRW)

Status

 

 

Korea South-East Power Co., Ltd.(110111-2207119)

The Subject Company

Claim for Damages from Operating Loss due to Youngheung Fossil Power Plant

53,700,000,000 KRW

Proceeding

(*)There are the proceeding cases filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting 77,397,000,000 KRW except for the above case.

 

 

News Clipping

 

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FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.24

UK Pound

1

Rs.72.57

Euro

1

Rs.63.00

 

 

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

 

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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.