MIRA
INFORM REPORT
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Report Date : |
18.08.2012 |
IDENTIFICATION DETAILS
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Name : |
DONGJIN SEMICHEM CO., LTD. |
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Registered Office : |
472-2, Gajwa-Dong, Seo-Gu Incheon, 404250 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
10.07.1973 |
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Legal Form : |
Public Parent |
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Line of Business : |
Manufacture of other inorganic basic chemicals |
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No. of Employees : |
801 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Company name and address
Dongjin Semichem
Co., Ltd.
Seoul Office 23rd Fl Kgit Center 1601 Sangam Dong Mapo
Ku Seoul 121-270 |
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Business
Description
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Dongjin Semichem Co., Ltd. is a Korea-based company engaged in the
provision of electronic materials and foaming agents. The Company's
electronic materials include photoresists, bottom anti-reflective coatings
(BARCs), chemical mechanical polishing/planarization (CMP) slurries,
etchants, thinners, colored resists and others used for semiconductor and
flat panel displays (FPDs). Its foaming agents include microsphere (MS)
series, dinitrosopentamethylenetetramine (DPT) series, oxybis benzene
sulfonyl hydrazide (OBSH) series, azodicarbonamide (ADCA) series,
toluenesulfonylhydrazide (TSH) series and phenyltetrazole (PT) series, which
are used for plastic, rubber and other applications. It also provides
recycling strippers, cleaning fluids and others. For the fiscal year ended 31
December 2010, Dongjin Semichem Co., Ltd.'s total revenues increased 13% to
W410.03B. The Company's net income decreased 34% to W15.10B. Revenues reflect
increased demand for P/R finished goods and OMS merchandises. Net income was
offset by decreased gain on foreign currency transaction, increased loss on
foreign currency translation, increased loss on disposal of tangibles assets,
and increased interest expense. |
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
325998 -
All Other Miscellaneous Chemical Product and Preparation Manufacturing |
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UK SIC 2003: |
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US SIC 1987: |
2819 -
Industrial Inorganic Chemicals, Not Elsewhere Classified |
Key Executives
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Significant
Developments
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* number of significant developments within the last 12 months |
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News
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Financial Summary
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Stock Snapshot
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1 - Profit &
Loss Item Exchange Rate: USD 1 = KRW 1107.891
2 - Balance Sheet Item Exchange Rate: USD 1 = KRW 1152
Corporate Overview
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Corporate Structure News
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Dongjin Semichem
Co., Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Incheon |
Korea, Republic of |
Chemical Manufacturing |
412.9 |
801 |
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Subsidiary |
Bretton Woods, NH |
United States |
Chemical Manufacturing |
11.4 |
5 |
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Subsidiary |
Taichung |
Taiwan |
Semiconductors |
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Executives Report
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Significant Developments
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WIPO PUBLISHES PATENT OF DONGJIN SEMICHEM, YOO JAE-WON, KIM BYUNG-UK,
KIM DOO-SHIK, HAN TAE-HWAN, NAM DONG-JIN FOR "PHOTOCURING RESIN
COMPOSITION FOR...
U.S. Fed News
09 August 2012
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[What follows is
the full text of the news story.] WIPO PUBLISHES
PATENT OF DONGJIN SEMICHEM, YOO JAE-WON, KIM BYUNG-UK, KIM DOO-SHIK, HAN
TAE-HWAN, NAM DONG-JIN FOR "PHOTOCURING RESIN COMPOSITION FOR IMPRINT
LITHOGRAPHY" (SOUTH KOREAN INVENTORS) GENEVA, Aug. 9
-- Publication No. WO/2012/102498 was published on Aug. 2. Title of the
invention: "PHOTOCURING RESIN COMPOSITION FOR IMPRINT LITHOGRAPHY." Applicants:
DONGJIN SEMICHEM CO. LTD. (KR), YOO Jae-Won (KR), KIM Byung-Uk (KR), KIM
Doo-Shik (KR), HAN Tae-Hwan (KR) and NAM Dong-Jin (KR). Inventors:
Jae-Won Yoo (KR), Byung-Uk Kim (KR), Doo-Shik Kim (KR), Tae-Hwan Han (KR) and
Dong-Jin Nam (KR). According to the
abstract posted by the World Intellectual Property Organization: "The
present invention relates to a photocuring resin composition for imprint
lithography, wherein the photocuring resin composition has outstanding
wettability with respect to thermocuring or photocuring resins for pattern
formation in addition to organic solvents, and, more particularly, not only
has outstanding mould-release properties with respect to thermocuring or
photocuring resins for pattern formation but also has outstanding chemical
resistance and makes it possible to achieve relatively rapid and stable
production of the micropatterns which are needed when making various
electronic devices including semiconductors and displays." The patent was
filed on Jan. 10 under Application No. PCT/KR2012/000230. For further information please visit: http://www.wipo.int/patentscope/search/en/detail.jsf?docId=WO2012102498 For any query
with respect to this article or any other content requirement, please contact
Editor at htsyndication@hindustantimes.com |
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WIPO PUBLISHES PATENT OF DONGJIN SEMICHEM, SONG SEOK-JIN, KIM JAE-HYUN,
JOO HAN-BOK, PARK JONG-DAI FOR "SILICONE RESIN COMPOSITION FOR
ENCAPSULATING...
U.S. Fed News
07 August 2012
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[What follows is
the full text of the news story.] WIPO PUBLISHES
PATENT OF DONGJIN SEMICHEM, SONG SEOK-JIN, KIM JAE-HYUN, JOO HAN-BOK, PARK
JONG-DAI FOR "SILICONE RESIN COMPOSITION FOR ENCAPSULATING AN OPTICAL
ELEMENT" (SOUTH KOREAN INVENTORS) GENEVA, Aug. 7
-- Publication No. WO/2012/093820 was published on July 12. Title of the
invention: "SILICONE RESIN COMPOSITION FOR ENCAPSULATING AN OPTICAL
ELEMENT." Applicants:
DONGJIN SEMICHEM CO. LTD. (KR), SONG Seok-Jin (KR), KIM Jae-Hyun (KR), JOO
Han-Bok (KR) and PARK Jong-Dai (KR). Inventors:
Seok-Jin Song (KR), Jae-Hyun Kim (KR), Han-Bok Joo (KR) and Jong-Dai Park
(KR). According to the
abstract posted by the World Intellectual Property Organization: "The
present invention relates to a silicone resin composition for encapsulating
an optical element; the silicone resin composition of the present invention
comprises a silicone-based macromolecular resin produced by (a) subjecting an
organosilane of chemical formula 1 below to a substitution reaction with a
metal (IV) alkoxide of chemical formula 2 below, thereby yielding a compound
of chemical formula 3 below, and then (b) subjecting the compound of chemical
formula 3 to a condensation reaction with an organosilane of chemical formula
4 below, thereby yielding a compound of chemical formula 5 below, and, after
that, (c) subjecting the compound of chemical formula 5 to polycondensation
in the presence of a polycondensation catalyst; and the silicone resin
composition of the present invention ensures transparency while at the same
time being able to provide a high refractive index and outstanding
processability and can therefore be used to advantage as an encapsulating
material for an optical element." The patent was
filed on Jan. 2 under Application No. PCT/KR2012/000020. For further information please visit: http://www.wipo.int/patentscope/search/en/detail.jsf?docId=WO2012093820 For any query
with respect to this article or any other content requirement, please contact
Editor at htsyndication@hindustantimes.com |
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WIPO PUBLISHES PATENT OF DONGJIN SEMICHEM, AN HYUN-CHEOL, JUNG HEE-JUNG,
BAE HO-GI, PARK CHAN-SEOK, LEE CHUN-YOUNG, MICHAEL GRATZEL, MD. K....
U.S. Fed News
05 August 2012
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[What follows is
the full text of the news story.] WIPO PUBLISHES
PATENT OF DONGJIN SEMICHEM, AN HYUN-CHEOL, JUNG HEE-JUNG, BAE HO-GI, PARK
CHAN-SEOK, LEE CHUN-YOUNG, MICHAEL GRATZEL, MD. K. NAZEERUDDIN, JARED HEATH
DELCAMP, CHENYI YI FOR "NOVEL ORGANIC DYE AND A PRODUCTION METHOD
THEREFOR" (SOUTH KOREAN, SWISS, AMERICAN, CHINESE INVENTORS) GENEVA, Aug. 5
-- Publication No. WO/2012/102544 was published on Aug. 2. Title of the
invention: "NOVEL ORGANIC DYE AND A PRODUCTION METHOD THEREFOR." Applicants:
DONGJIN SEMICHEM CO. LTD. (KR), AN Hyun-Cheol (KR), JUNG Hee-Jung (KR), BAE
Ho-Gi (KR), PARK Chan-Seok (KR), LEE Chun-Young (KR), MICHAEL Gratzel (CH),
MD. K. Nazeeruddin (CH), CHENYI Yi (CN) and JARED Heath Delcamp (US). Inventors:
Gratzel Michael (CH), Nazeeruddin Md. K. (CH), Yi Chenyi (CN), Hyun-Cheol An
(KR), Hee-Jung Jung (KR), Ho-Gi Bae (KR), Chan-Seok Park (KR), Chun-Young Lee
(KR) and Heath Delcamp Jared (US). According to the
abstract posted by the World Intellectual Property Organization: "The
present invention relates to a novel organic dye and to a production method
therefor. The dye composition of the present invention, which has a specific
unit on an interim linking moiety (spacer), a specific aliphatic compound as
an electron donor, is used in a dye-sensitized solar cell (DSSC) and exhibits
better molar absorptivity, Jsc (short-circuit photocurrent density) and
photoelectric conversion efficiency than conventional dyes, and, more
particularly, allows a substantial improvement in solar cell efficiency when
used in parallel with an electrolyte system comprising a
[Co(II)(bpy)3](B(CN)4)2 and [Co(III)(bpy)3](B(CN)4)3 redox couple." The patent was
filed on Jan. 25 under Application No. PCT/KR2012/000587. For further
information please visit: http://www.wipo.int/patentscope/search/en/detail.jsf?docId=WO2012102544 For any query
with respect to this article or any other content requirement, please contact
Editor at htsyndication@hindustantimes.com |
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WIPO PUBLISHES PATENT OF DONGJIN SEMICHEM, PAEK JONG HYUB, BAE HO GI,
KIM JONG BOK, YOON JUNG-HYUN, JUNG HEE JUNG FOR "FINE PARTICLE-TYPE
BLOCKING...
U.S. Fed News
05 August 2012
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[What follows is
the full text of the news story.] WIPO PUBLISHES
PATENT OF DONGJIN SEMICHEM, PAEK JONG HYUB, BAE HO GI, KIM JONG BOK, YOON
JUNG-HYUN, JUNG HEE JUNG FOR "FINE PARTICLE-TYPE BLOCKING LAYER FOR
DYE-SENSITIZED SOLAR CELL AND PREPARATION METHOD THEREOF" (SOUTH KOREAN
INVENTORS) GENEVA, Aug. 5
-- Publication No. WO/2012/102526 was published on Aug. 2. Title of the
invention: "FINE PARTICLE-TYPE BLOCKING LAYER FOR DYE-SENSITIZED SOLAR
CELL, AND PREPARATION METHOD THEREOF." Applicants:
DONGJIN SEMICHEM CO. LTD. (KR), PAEK Jong Hyub (KR), BAE Ho Gi (KR), KIM Jong
Bok (KR), YOON Jung-Hyun (KR) and JUNG Hee Jung (KR). Inventors: Jong
Hyub Paek (KR), Ho Gi Bae (KR), Jong Bok Kim (KR), Jung-Hyun Yoon (KR) and
Hee Jung Jung (KR). According to the
abstract posted by the World Intellectual Property Organization: "The
present invention relates to a preparation method of a blocking layer for a
dye-sensitized solar cell using crystalline metal oxide nanoparticles, and a
dye-sensitized solar cell containing the same, and more specifically, to a
preparation method of a blocking layer for a dye-sensitized solar cell,
wherein the number of sinterings can be reduced by forming a blocking layer
on a conductive transparent substrate (FTO), drying the same, and then
sintering the same together with a photoelectrode (TiO2) layer thereon, and
efficiency is improved and manufacturing costs are reduced by affecting
electron transport velocity between two interfaces through the adhesion between
the conductive transparent substrate (FTO) and the blocking layer, and a
dye-sensitized solar cell containing the same. According to the present
invention, the blocking layer for a dye-sensitized solar cell does not use a
precursor method but a method of spraying, coating and drying crystalline
nanoparticles, and thus a blocking layer is dried at a low temperature and is
then sintered together with a photoelectrode (TiO2) layer instead of carrying
out a sintering process separately from the photoelectrode (TiO2) layer,
thereby remarkably reducing the degree of twisting of a substrate due to
several sintering processes, saving on manufacturing costs and simplifying
the process. In addition, the formation of amorphous materials or pinholes in
the blocking layer can be prevented, thereby improving efficiency, and
enabling a large-area dye-sensitized solar cell to be formed." The patent was
filed on Jan. 20 under Application No. PCT/KR2012/000531. For further information please visit: http://www.wipo.int/patentscope/search/en/detail.jsf?docId=WO2012102526 For any query
with respect to this article or any other content requirement, please contact
Editor at htsyndication@hindustantimes.com |
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WIPO PUBLISHES PATENT OF DONGJIN SEMICHEM, YOON JUNG-HYUN, BAE HO-GI,
KIM JONG-BOK, AN HYUN-CHEOL, PARK CHAN-SEOK FOR "DYE-SENSITIZED SOLAR
CELL...
U.S. Fed News
03 August 2012
|
[What follows is
the full text of the news story.] WIPO PUBLISHES
PATENT OF DONGJIN SEMICHEM, YOON JUNG-HYUN, BAE HO-GI, KIM JONG-BOK, AN
HYUN-CHEOL, PARK CHAN-SEOK FOR "DYE-SENSITIZED SOLAR CELL HAVING A LEAD
MEMBER" (SOUTH KOREAN INVENTORS) GENEVA, Aug. 3
-- Publication No. WO/2012/096491 was published on July 19. Title of the
invention: "DYE-SENSITIZED SOLAR CELL HAVING A LEAD MEMBER." Applicants:
DONGJIN SEMICHEM CO. LTD. (KR), YOON Jung-Hyun (KR), BAE Ho-Gi (KR), KIM
Jong-Bok (KR), AN Hyun-Cheol (KR) and PARK Chan-Seok (KR). Inventors:
Jung-Hyun Yoon (KR), Ho-Gi Bae (KR), Jong-Bok Kim (KR), Hyun-Cheol An (KR)
and Chan-Seok Park (KR). According to the
abstract posted by the World Intellectual Property Organization: "The
present invention relates to a dye-sensitized solar cell, comprising: an
outermost unit cell including a front transparent substrate, a back
substrate, a front conductive layer, and a back conductive layer formed on
the front transparent substrate and the back substrate, respectively, a porous
layer formed on the front conductive layer and a catalyst electrode formed on
the back conductive layer, an encapsulation member for embedding the front
conductive layer, the back conductive layer, the porous layer, and the
catalyst electrode therein such that the layers and the catalyst electrode
are insulated from the outside, and an electrolytic layer which fills the
interior of the encapsulation member; a recess unit, in which the outer
encapsulation member of the outermost unit cell is recessed inwardly from the
edges of the front and back transparent substrates and either the front
conductive layer and the back conductive layer extends outwardly from the
outer encapsulation member, and which has a recess coupling portion formed at
the surface of the outwardly extending front conductive layer or back
conductive layer; and a protruding coupling portion made of a conductive
material and inserted into the recess coupling portion." The patent was
filed on Jan. 10 under Application No. PCT/KR2012/000229. For further
information please visit: http://www.wipo.int/patentscope/search/en/detail.jsf?docId=WO2012096491 For any query
with respect to this article or any other content requirement, please contact
Editor at htsyndication@hindustantimes.com |
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Media Release: CPA Global
Australian Press Releases
04 March 2012
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[What follows is
the full text of the news story.] MEDIA RELEASE
PR48566 Korea's Dongjin
Semichem Appoints CPA Global to Manage Patent Renewals SYDNEY, Mar.
5/PRNewswire-AsiaNet/ -- Development of
new technologies and ongoing international expansion brings stronger need
for global IP Rights management Dongjin Semichem
Co., Ltd, one of the world's leading producers of electronic
materials and fine chemicals, has appointed CPA Global to manage renewals of the
company's expanding international patent portfolio. Under the
agreement, CPA Global, the world's top intellectual property (IP) management and
IP software specialist, will be responsible for Dongjin Semichem's
existing patents and those currently under application, both in the domestic South
Korean market and overseas. Established in
1967 as a producer of chemical foaming agents, Dongjin Semichem has a
proud history of technological development and diversification, and is today
also a leading manufacturer of high-precision chemical materials for the
semiconductor and Flat Panel Display industries. Commenting on
the agreement, the head of Dongjin Semichem'sIP Department, Mr Ji-Hum Baik,
said: "Innovation has been and continues to be at the centre of Dongjin
Semichem's growth. From the very beginning, we've always recognised the value of
protecting that innovation by making sure we have the appropriate patents in
place. As we continue to develop new technologies and expand our operations
around the world, it is increasingly important that we are able to secure, maintain
and effectively manage our IP Rights. As a world leader in our field, it's
natural that we should choose the world's leading IP management services
provider to support us in this effort." Mr Baik added
that Dongjin Semichem would also be looking to utilise CPA Global's patent
analysis and landscaping services to gain a broader understanding of
IP-related developments, particularly competitor activity, in their specific
industry sectors and geographic markets. In addition, Dongjin Semichem has
instructed CPA Global to undertake a global trademark search project for the
company. Steve Kim, CPA
Global's Director for Korea, said: "Dongjin Semichem is a great example of
a Korean company that has developed into a truly global business with an
impressive array of intellectual assets. We are delighted to be partnering
with them as they continue their international expansion; and are honoured to have
been entrusted to manage their valuable patent portfolio and to have been
selected to work with them on other IP-related matters." About Dongjin
Semichem Established in
1967, Dongjin Semichem Co., Ltd. is a manufacturer of high-precision
chemical materials for semiconductors and Flat Panel Displays (FPDs), and is
the world's biggest supplier of chemical foaming agents with a global market
share of 35%. The company also produces energy-related materials such as solar
cells, fuel cells, and secondary cells. Headquartered in Seoul, South Korea,
Dongjin Semichem has domestic business operations sites in Hwasung, Inchon,
Si-wha, and Pyung-taek, with overseas business units located in Indonesia,
Taiwan, and China (Beijing, Qingdao, Shanghai, and Hefei). About CPA Global CPA Global is
the world's top intellectual property (IP) management and IP software
specialist, and a leading provider of legal services outsourcing (LSO). With
offices across Europe, the United States, and Asia Pacific, CPA Global supports
many of the world's best known corporations and law firms with a range of IP
and broader legal services, helping them to manage risk, cost and capacity, and
realise greater value for their businesses and their IP assets. CPA Global
assists its clients in managing their IP portfolios, including patents, designs
and trademarks, ensuring that their IP Rights are protected, maintained and
regularly reviewed in order to maximise value. Services include search, filing
and renewals for patents and trademarks; trademark watching; portfolio
valuation and optimisation; as well as IP management software. CPA Global is also a
leading player in the emerging LSO sector, providing high quality and
cost-efficient legal support services such as document review [http://www.cpaglobal.com/legal_process_outsourcing/document_review
], transaction
support, contract solutions, and legal research through delivery centres in the
US, UK and India. CPA Global was
founded in 1969 in Jersey, Channel Islands, originally to manage patent
renewals on behalf of numerous firms of patent attorneys. Today, the Company employs
1,500 people, serving clients' needs for IP management and broader legal
support services in over 100 countries. For more information, please visit: http://www.cpaglobal.com Media Contacts Australia and
New Zealand: Pino Tedesco
+61(0)2-9993-3010, ptedesco@cpaglobal.com United Kingdom: Steve Clark
+44(0)20-7549-5504, sclark@cpaglobal.com Victoria Knowles
+44(0)20-7549-4585, vknowles@cpaglobal.com SOURCE: CPA
Global |
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New Findings from Y. Jung and Co-Researchers in the Area of Physical
Chemistry Described
Physical Chemistry
Electronics
Newsweekly
18 January 2012
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[What follows is
the full text of the news story.] "Direct
photopatternable and highly cross-linked organosiloxane-based
organic-inorganic hybrid materials (Lt-passimer) were synthesized using a
sol-gel reaction of phenyltrimethoxysilane and tetraethyl orthosilicate as a
low dielectric constant passivation layer for thin film transistor (TFT)
liquid crystal displays (LCDs)," scientists in Gyeonggi Do, South Korea
report. "Addition
of hexa(methoxymethyl)melamine into the synthesized hybrid material resin
minimizes the polar silanol group in Lt-passimer film by enhancing the
cross-linking reaction and improves the thermal stability. The highly
cross-linked siloxane network and low concentration of silanol groups cause
the Lt-passimer film to have low dielectric constant (k similar to 2.8) and
excellent electrical insulation," wrote Y. Jung and colleagues. The researchers
concluded: "Compared with the conventional photosensitive acryl film (k
similar to 3.2), our Lt-passimer films are optically transparent and have a
relatively low outgassing and water vapor permeability, which proves the
feasibility of Lt-passimer as a low dielectric constant passivation layer in
high aperture ratio TFT-LCDs." Jung and
colleagues published their study in the Journal of Physical Chemistry C
(Direct Photopatternable Organic-Inorganic Hybrid Materials as a Low
Dielectric Constant Passivation Layer for Thin Film Transistor Liquid Crystal
Displays. Journal of Physical Chemistry C, 2011;115(50):25056-25062). For more
information, contact Y. Jung, Dongjin Semichem Co Ltd, Elect Mat Business
Div, Hwaseong Gun 445935, Gyeonggi Do, South Korea. Publisher
contact information for the Journal of Physical Chemistry C is: Amer Chemical
Soc, 1155 16TH St, NW, Washington, DC 20036, USA. |
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Companiesandmarkets.com: Emerging Economies Key to Growth in
Photoresists and Ancillaries Market
Companies & Markets
China Weekly News
05 October 2011
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[What follows is
the full text of the news story.] By 2017 the
photoresists and ancillaries market is forecast to achieve a value of $$3.9
billion, according to a new report available from companiesandmarkets.com.
The global recession has hampered market development, although rising numbers
of semiconductor shipments and the influx of applications requiring more
expensive, advanced photoresists are also encouraging growth. Photoresists
and Ancillaries: A Global Strategic Business
Reporthttp://www.companiesandmarkets.com/Market-Report/photoresists-and-ancillaries-a-global-strategic-business-report-692791.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba2
Light-sensitive materials and photosensitive resins - also known as
photoresists - are used to manufacture semiconductors, and are important for
pattern design using photoengraving and photolithography processes. The photoresists
market is dominated by the US, Europe and Asia-Pacific, although the
burgeoning economies of the emerging regions are likely to drive the market
forward for the foreseeable future. The US market in particular will be
buoyed by growth in demand for semiconductors, although this is a cyclical
industry and prospects are inextricably linked with the state of the world's
economies. The report
analyses the following segments: Photoresists (Advanced, Positive, Negative) and
Others. Of these, the largest segment is advanced photoresists, but strong
growth is also expected within the ancillaries market, particularly the
antireflective coatings segment. Topcoat
materials and ArF photoresists are the segments anticipated to lead the
market going forward. ArF resisits are used within DRAM chips (for PCs) and
NAND flash and logic ICs (used for memory in mobile devices). The
minaturization trend and consumer desire for new and upgraded products is
therefore likely to provoke demand. Three companies
dominate the consolidated photoresists and ancillaries market although there
are numerous participants. Nearly 100 companies are profiled within the
photoresists and ancillaries research report, including: AZ Electronic
Materials S.a.r.l, BASF SE, Dongjin Semichem Co., Ltd, E. I. du Pont de
Nemours and Company, Eternal Chemical Co., Ltd., Honeywell International,
Inc, JSR Corporation, MacDermid Incorporated, Mitsubishi Gas Chemical
Company, Inc., ShinEtsu MicroSi, Inc and Dong Woo Fine-Chem Company Ltd. This insightful
photoresists research piece, published in August 2011, is 585 pages in length
and covers the period 2003-2017. It covers the following geographic markets:
US, Japan, Europe, Germany, UK, Rest of Europe and Asia-Pacific. Report
Details:http://www.companiesandmarkets.com/Market-Report/photoresists-and-ancillaries-a-global-strategic-business-report-692791.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba2 |
|
Annual Income Statement
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
412.9 |
365.7 |
284.0 |
253.8 |
238.8 |
|
Revenue |
412.9 |
365.7 |
284.0 |
253.8 |
238.8 |
|
Total Revenue |
412.9 |
365.7 |
284.0 |
253.8 |
238.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
365.7 |
304.7 |
226.6 |
218.0 |
211.1 |
|
Cost of Revenue, Total |
365.7 |
304.7 |
226.6 |
218.0 |
211.1 |
|
Gross Profit |
47.2 |
61.1 |
57.4 |
35.9 |
27.7 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
27.5 |
23.2 |
13.1 |
13.1 |
14.3 |
|
Labor & Related Expense |
- |
- |
5.0 |
4.5 |
5.2 |
|
Advertising Expense |
- |
- |
0.2 |
0.3 |
0.4 |
|
Total Selling/General/Administrative Expenses |
27.5 |
23.2 |
18.4 |
17.9 |
19.8 |
|
Research & Development |
11.8 |
11.2 |
11.1 |
4.3 |
2.8 |
|
Depreciation |
- |
- |
1.0 |
0.8 |
1.4 |
|
Amortization of Intangibles |
- |
- |
0.2 |
0.2 |
0.1 |
|
Depreciation/Amortization |
- |
- |
1.3 |
1.0 |
1.5 |
|
Investment Income -
Operating |
0.0 |
-0.5 |
- |
- |
- |
|
Interest/Investment Income - Operating |
0.0 |
-0.5 |
- |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
0.0 |
-0.5 |
- |
- |
- |
|
Impairment-Assets Held for Use |
0.7 |
0.0 |
- |
- |
- |
|
Loss (Gain) on Sale of Assets - Operating |
0.0 |
0.0 |
- |
- |
- |
|
Unusual Expense (Income) |
0.7 |
0.0 |
- |
- |
- |
|
Other Operating Expense |
0.5 |
1.6 |
- |
- |
- |
|
Other, Net |
-4.7 |
-3.6 |
- |
- |
- |
|
Other Operating Expenses, Total |
-4.2 |
-2.0 |
- |
- |
- |
|
Total Operating Expense |
401.6 |
336.6 |
257.3 |
241.1 |
235.2 |
|
|
|
|
|
|
|
|
Operating Income |
11.3 |
29.1 |
26.7 |
12.7 |
3.5 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-15.2 |
-12.0 |
-10.8 |
-11.8 |
-9.9 |
|
Interest Expense, Net Non-Operating |
-15.2 |
-12.0 |
-10.8 |
-11.8 |
-9.9 |
|
Interest Income -
Non-Operating |
1.0 |
0.7 |
0.4 |
0.5 |
0.6 |
|
Investment Income -
Non-Operating |
-3.1 |
-2.6 |
0.5 |
-24.1 |
-1.2 |
|
Interest/Investment Income - Non-Operating |
-2.1 |
-1.9 |
0.9 |
-23.6 |
-0.6 |
|
Interest Income (Expense) - Net Non-Operating Total |
-17.3 |
-13.9 |
-9.9 |
-35.4 |
-10.5 |
|
Gain (Loss) on Sale of Assets |
- |
- |
0.1 |
-1.2 |
6.8 |
|
Other Non-Operating Income (Expense) |
-0.4 |
-0.1 |
2.0 |
-0.2 |
4.1 |
|
Other, Net |
-0.4 |
-0.1 |
2.0 |
-0.2 |
4.1 |
|
Income Before Tax |
-6.4 |
15.2 |
18.8 |
-24.0 |
3.9 |
|
|
|
|
|
|
|
|
Total Income Tax |
-0.3 |
1.6 |
0.7 |
-0.5 |
1.2 |
|
Income After Tax |
-6.1 |
13.6 |
18.2 |
-23.5 |
2.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.6 |
-0.3 |
-0.4 |
1.0 |
0.3 |
|
Net Income Before Extraord Items |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
Net Income |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
42.0 |
42.0 |
40.2 |
37.6 |
37.6 |
|
Basic EPS Excl Extraord Items |
-0.16 |
0.32 |
0.44 |
-0.60 |
0.08 |
|
Basic/Primary EPS Incl Extraord Items |
-0.16 |
0.32 |
0.44 |
-0.60 |
0.08 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
Diluted Weighted Average Shares |
42.0 |
42.0 |
40.9 |
37.6 |
37.6 |
|
Diluted EPS Excl Extraord Items |
-0.16 |
0.32 |
0.44 |
-0.60 |
0.08 |
|
Diluted EPS Incl Extraord Items |
-0.16 |
0.32 |
0.44 |
-0.60 |
0.08 |
|
Dividends per Share - Common Stock Primary Issue |
0.02 |
0.05 |
0.05 |
0.05 |
0.05 |
|
Gross Dividends - Common Stock |
0.9 |
2.2 |
2.0 |
1.7 |
2.0 |
|
Interest Expense, Supplemental |
15.2 |
12.0 |
10.8 |
11.8 |
9.9 |
|
Depreciation, Supplemental |
18.8 |
16.8 |
15.9 |
18.1 |
19.1 |
|
Total Special Items |
0.7 |
0.0 |
-0.1 |
1.2 |
-6.8 |
|
Normalized Income Before Tax |
-5.6 |
15.1 |
18.8 |
-22.8 |
-2.9 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.2 |
0.0 |
0.0 |
0.4 |
-2.4 |
|
Inc Tax Ex Impact of Sp Items |
0.0 |
1.6 |
0.7 |
-0.1 |
-1.2 |
|
Normalized Income After Tax |
-5.6 |
13.6 |
18.1 |
-22.8 |
-1.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-6.2 |
13.3 |
17.7 |
-21.7 |
-1.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.15 |
0.32 |
0.44 |
-0.58 |
-0.04 |
|
Diluted Normalized EPS |
-0.15 |
0.32 |
0.43 |
-0.58 |
-0.04 |
|
Amort of Intangibles, Supplemental |
2.8 |
2.4 |
1.3 |
1.8 |
1.9 |
|
Rental Expenses |
1.7 |
0.8 |
0.4 |
0.2 |
0.1 |
|
Advertising Expense, Supplemental |
0.2 |
0.3 |
0.2 |
0.3 |
0.4 |
|
Research & Development Exp, Supplemental |
11.8 |
11.2 |
11.1 |
4.3 |
2.8 |
|
Normalized EBIT |
12.1 |
28.6 |
26.7 |
12.7 |
3.5 |
|
Normalized EBITDA |
33.7 |
47.7 |
43.8 |
32.7 |
24.5 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
25.9 |
28.6 |
17.2 |
10.2 |
8.4 |
|
Short Term Investments |
- |
0.2 |
0.7 |
0.5 |
3.2 |
|
Cash and Short Term Investments |
25.9 |
28.7 |
17.9 |
10.7 |
11.6 |
|
Accounts Receivable -
Trade, Gross |
76.3 |
79.7 |
47.5 |
29.8 |
26.8 |
|
Provision for Doubtful
Accounts |
-0.7 |
-0.5 |
-0.7 |
-0.7 |
-0.5 |
|
Trade Accounts Receivable - Net |
75.7 |
79.4 |
47.0 |
29.3 |
26.7 |
|
Other Receivables |
4.9 |
5.0 |
3.6 |
3.5 |
3.1 |
|
Total Receivables, Net |
80.6 |
84.4 |
50.5 |
32.8 |
29.8 |
|
Inventories - Finished Goods |
23.1 |
17.2 |
15.2 |
11.0 |
11.9 |
|
Inventories - Work In Progress |
5.9 |
6.3 |
5.8 |
5.7 |
6.2 |
|
Inventories - Raw Materials |
27.8 |
26.0 |
18.6 |
16.8 |
19.1 |
|
Inventories - Other |
7.9 |
6.7 |
6.8 |
8.0 |
5.3 |
|
Total Inventory |
64.7 |
56.2 |
46.3 |
41.5 |
42.5 |
|
Prepaid Expenses |
1.8 |
2.5 |
1.6 |
1.4 |
1.5 |
|
Deferred Income Tax - Current Asset |
- |
- |
1.3 |
1.1 |
0.5 |
|
Other Current Assets |
0.0 |
0.0 |
- |
- |
- |
|
Other Current Assets, Total |
0.0 |
0.0 |
1.3 |
1.1 |
0.5 |
|
Total Current Assets |
173.0 |
171.8 |
117.6 |
87.5 |
85.9 |
|
|
|
|
|
|
|
|
Buildings |
61.6 |
55.5 |
53.7 |
45.8 |
46.5 |
|
Land/Improvements |
56.8 |
55.4 |
62.6 |
45.7 |
24.6 |
|
Machinery/Equipment |
227.2 |
213.4 |
222.0 |
189.6 |
222.1 |
|
Construction in
Progress |
30.5 |
18.6 |
4.2 |
4.5 |
21.0 |
|
Leases |
18.1 |
3.9 |
10.6 |
7.5 |
9.1 |
|
Other
Property/Plant/Equipment |
0.0 |
0.0 |
0.2 |
- |
- |
|
Property/Plant/Equipment - Gross |
394.3 |
346.9 |
353.2 |
293.0 |
323.3 |
|
Accumulated Depreciation |
-148.1 |
-131.5 |
-139.9 |
-113.6 |
-127.0 |
|
Property/Plant/Equipment - Net |
246.2 |
215.4 |
213.4 |
179.4 |
196.2 |
|
Intangibles, Net |
22.8 |
20.2 |
15.0 |
16.0 |
16.1 |
|
LT Investment - Affiliate Companies |
3.8 |
3.4 |
- |
- |
4.0 |
|
LT Investments - Other |
16.4 |
19.6 |
8.6 |
7.1 |
7.9 |
|
Long Term Investments |
20.2 |
22.9 |
8.6 |
7.1 |
11.9 |
|
Note Receivable - Long Term |
2.6 |
4.4 |
3.4 |
4.0 |
8.3 |
|
Deferred Income Tax - Long Term Asset |
11.0 |
9.5 |
1.7 |
0.9 |
4.5 |
|
Other Long Term Assets |
4.9 |
3.3 |
2.8 |
3.9 |
3.5 |
|
Other Long Term Assets, Total |
15.8 |
12.8 |
4.6 |
4.8 |
8.1 |
|
Total Assets |
480.7 |
447.5 |
362.5 |
298.9 |
326.4 |
|
|
|
|
|
|
|
|
Accounts Payable |
18.8 |
20.1 |
18.3 |
6.2 |
14.6 |
|
Accrued Expenses |
4.1 |
4.1 |
3.9 |
4.5 |
4.4 |
|
Notes Payable/Short Term Debt |
232.8 |
193.1 |
140.7 |
124.0 |
101.4 |
|
Current Portion - Long Term Debt/Capital Leases |
27.4 |
21.1 |
30.5 |
29.1 |
7.3 |
|
Customer Advances |
0.3 |
1.0 |
2.7 |
6.1 |
3.0 |
|
Income Taxes Payable |
0.6 |
1.0 |
- |
0.4 |
0.5 |
|
Other Payables |
7.2 |
8.1 |
6.5 |
7.7 |
3.6 |
|
Other Current Liabilities |
0.2 |
0.2 |
0.3 |
0.2 |
0.2 |
|
Other Current liabilities, Total |
8.2 |
10.4 |
9.5 |
14.3 |
7.2 |
|
Total Current Liabilities |
291.3 |
248.7 |
202.9 |
178.2 |
135.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
55.3 |
63.0 |
46.3 |
40.0 |
82.7 |
|
Capital Lease Obligations |
5.9 |
0.3 |
1.2 |
0.7 |
1.5 |
|
Total Long Term Debt |
61.1 |
63.3 |
47.5 |
40.7 |
84.2 |
|
Total Debt |
321.4 |
277.5 |
218.7 |
193.9 |
192.9 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.2 |
0.2 |
- |
- |
- |
|
Deferred Income Tax |
0.2 |
0.2 |
- |
- |
- |
|
Minority Interest |
3.8 |
3.3 |
1.1 |
0.3 |
1.3 |
|
Pension Benefits - Underfunded |
4.3 |
5.1 |
4.4 |
4.3 |
5.0 |
|
Other Long Term Liabilities |
7.6 |
7.4 |
6.0 |
5.3 |
5.9 |
|
Other Liabilities, Total |
11.8 |
12.4 |
10.5 |
9.6 |
11.0 |
|
Total Liabilities |
368.3 |
328.0 |
262.0 |
228.7 |
231.5 |
|
|
|
|
|
|
|
|
Common Stock |
18.2 |
18.5 |
18.1 |
14.9 |
20.1 |
|
Common Stock |
18.2 |
18.5 |
18.1 |
14.9 |
20.1 |
|
Additional Paid-In Capital |
50.6 |
51.4 |
50.2 |
40.2 |
54.1 |
|
Retained Earnings (Accumulated Deficit) |
15.9 |
23.5 |
7.0 |
-10.1 |
15.9 |
|
Unrealized Gain (Loss) |
24.8 |
25.1 |
24.6 |
22.7 |
10.5 |
|
Translation Adjustment |
2.8 |
0.8 |
0.7 |
2.4 |
-5.7 |
|
Other Equity |
0.1 |
0.1 |
- |
- |
- |
|
Other Equity, Total |
2.9 |
0.9 |
0.7 |
2.4 |
-5.7 |
|
Total Equity |
112.4 |
119.5 |
100.5 |
70.2 |
95.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
480.7 |
447.5 |
362.5 |
298.9 |
326.4 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
42.0 |
42.0 |
42.0 |
37.6 |
37.6 |
|
Total Common Shares Outstanding |
42.0 |
42.0 |
42.0 |
37.6 |
37.6 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
801 |
707 |
648 |
544 |
528 |
|
Number of Common Shareholders |
5,940 |
- |
8,938 |
7,137 |
6,069 |
|
Accumulated Intangible Amort, Suppl. |
10.9 |
7.5 |
- |
- |
- |
|
Deferred Revenue - Current |
0.3 |
1.0 |
2.7 |
6.1 |
3.0 |
|
Total Long Term Debt, Supplemental |
80.0 |
- |
75.8 |
68.7 |
- |
|
Long Term Debt Maturing within 1 Year |
24.7 |
- |
29.4 |
28.7 |
- |
|
Long Term Debt Maturing in Year 2 |
21.6 |
- |
10.0 |
7.3 |
- |
|
Long Term Debt Maturing in Year 3 |
11.0 |
- |
10.9 |
8.0 |
- |
|
Long Term Debt Maturing in Year 4 |
11.0 |
- |
9.4 |
6.7 |
- |
|
Long Term Debt Maturing in Year 5 |
11.0 |
- |
- |
8.0 |
- |
|
Long Term Debt Maturing in 2-3 Years |
32.6 |
- |
20.9 |
15.3 |
- |
|
Long Term Debt Maturing in 4-5 Years |
21.9 |
- |
9.4 |
14.7 |
- |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.8 |
- |
16.0 |
10.0 |
- |
|
Total Capital Leases, Supplemental |
- |
- |
2.3 |
1.1 |
- |
|
Capital Lease Payments Due in Year 1 |
- |
- |
1.1 |
0.4 |
- |
|
Capital Lease Payments Due in Year 2 |
- |
- |
1.0 |
0.4 |
- |
|
Capital Lease Payments Due in Year 3 |
- |
- |
0.1 |
0.3 |
- |
|
Capital Lease Payments Due in 2-3 Years |
- |
- |
1.2 |
0.7 |
- |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Reclassified
Normal |
Reclassified
Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-6.1 |
13.6 |
18.2 |
-23.5 |
2.7 |
|
Depreciation |
18.8 |
16.8 |
15.9 |
18.1 |
19.1 |
|
Depreciation/Depletion |
18.8 |
16.8 |
15.9 |
18.1 |
19.1 |
|
Amortization of Intangibles |
2.8 |
2.4 |
1.3 |
1.8 |
1.9 |
|
Amortization |
2.8 |
2.4 |
1.3 |
1.8 |
1.9 |
|
Deferred Taxes |
- |
- |
-0.9 |
-3.0 |
0.6 |
|
Unusual Items |
-0.3 |
-1.3 |
0.5 |
3.6 |
-6.7 |
|
Equity in Net Earnings (Loss) |
-0.7 |
-0.5 |
- |
- |
- |
|
Other Non-Cash Items |
19.6 |
16.7 |
-1.7 |
18.0 |
1.6 |
|
Non-Cash Items |
18.5 |
14.9 |
-1.2 |
21.6 |
-5.0 |
|
Accounts Receivable |
3.1 |
-26.9 |
-11.6 |
-1.4 |
-3.4 |
|
Inventories |
-11.9 |
-15.7 |
-1.3 |
-11.8 |
-6.4 |
|
Prepaid Expenses |
- |
- |
1.3 |
-0.2 |
-0.2 |
|
Other Assets |
2.1 |
0.4 |
- |
- |
- |
|
Accounts Payable |
-3.6 |
8.9 |
8.8 |
-9.5 |
-5.1 |
|
Accrued Expenses |
- |
- |
-0.8 |
1.3 |
-0.1 |
|
Taxes Payable |
- |
- |
- |
0.2 |
0.5 |
|
Other Liabilities |
-2.7 |
-2.3 |
-6.1 |
0.8 |
-0.3 |
|
Other Assets & Liabilities, Net |
0.6 |
1.2 |
- |
- |
- |
|
Other Operating Cash Flow |
-16.2 |
-12.0 |
- |
- |
- |
|
Changes in Working Capital |
-28.5 |
-46.4 |
-9.9 |
-20.7 |
-15.1 |
|
Cash from Operating Activities |
5.5 |
1.3 |
23.4 |
-5.6 |
4.2 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-53.4 |
-35.8 |
-36.9 |
-30.1 |
-35.0 |
|
Purchase/Acquisition of Intangibles |
-8.2 |
-6.8 |
-2.9 |
-3.8 |
-5.5 |
|
Capital Expenditures |
-61.6 |
-42.6 |
-39.8 |
-33.9 |
-40.5 |
|
Sale of Fixed Assets |
0.4 |
0.7 |
3.4 |
0.2 |
13.4 |
|
Sale/Maturity of Investment |
3.9 |
1.5 |
0.4 |
4.1 |
0.1 |
|
Purchase of Investments |
-0.9 |
-0.9 |
-4.3 |
-1.1 |
-11.8 |
|
Sale of Intangible Assets |
- |
0.0 |
- |
0.1 |
0.4 |
|
Other Investing Cash Flow |
2.1 |
0.3 |
-0.3 |
1.3 |
0.5 |
|
Other Investing Cash Flow Items, Total |
5.5 |
1.7 |
-0.8 |
4.6 |
2.5 |
|
Cash from Investing Activities |
-56.1 |
-40.9 |
-40.6 |
-29.3 |
-38.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
3.9 |
2.4 |
1.9 |
4.6 |
-2.8 |
|
Financing Cash Flow Items |
3.9 |
2.4 |
1.9 |
4.6 |
-2.8 |
|
Cash Dividends Paid - Common |
-2.3 |
-2.2 |
-1.5 |
-1.9 |
-2.0 |
|
Total Cash Dividends Paid |
-2.3 |
-2.2 |
-1.5 |
-1.9 |
-2.0 |
|
Sale/Issuance of
Common |
- |
0.8 |
7.8 |
0.0 |
- |
|
Common Stock, Net |
- |
0.8 |
7.8 |
0.0 |
- |
|
Issuance (Retirement) of Stock, Net |
- |
0.8 |
7.8 |
0.0 |
- |
|
Short Term Debt Issued |
- |
- |
124.4 |
152.3 |
118.0 |
|
Short Term Debt
Reduction |
- |
- |
-117.2 |
-106.3 |
-115.0 |
|
Short Term Debt, Net |
- |
- |
7.2 |
46.0 |
3.0 |
|
Long Term Debt Issued |
4.9 |
- |
29.2 |
10.9 |
35.2 |
|
Long Term Debt
Reduction |
-3.0 |
-1.1 |
-21.8 |
-20.2 |
-2.4 |
|
Long Term Debt, Net |
1.9 |
-1.1 |
7.4 |
-9.4 |
32.7 |
|
Total Debt Issued |
276.8 |
217.0 |
- |
- |
- |
|
Total Debt Reduction |
-232.1 |
-166.2 |
- |
- |
- |
|
Issuance (Retirement) of Debt, Net |
46.6 |
49.7 |
14.6 |
36.6 |
35.8 |
|
Cash from Financing Activities |
48.1 |
50.7 |
22.8 |
39.4 |
31.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-0.6 |
- |
- |
- |
|
Net Change in Cash |
-2.4 |
10.5 |
5.6 |
4.5 |
-2.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
29.3 |
17.5 |
10.1 |
7.2 |
11.3 |
|
Net Cash - Ending Balance |
26.9 |
28.0 |
15.7 |
11.7 |
8.5 |
|
Cash Interest Paid |
14.6 |
11.6 |
- |
- |
- |
|
Cash Taxes Paid |
2.7 |
1.1 |
- |
- |
- |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong Accounting
Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Finished Products |
- |
- |
262.1 |
244.9 |
220.0 |
|
Merchandise Revenues |
- |
- |
21.9 |
8.9 |
18.8 |
|
Sales Revenue |
412.9 |
365.7 |
- |
- |
- |
|
Total Revenue |
412.9 |
365.7 |
284.0 |
253.8 |
238.8 |
|
|
|
|
|
|
|
|
Costs of Goods and Services Sold |
365.7 |
304.7 |
- |
- |
- |
|
Cost-Finish Goods |
- |
- |
210.2 |
214.7 |
199.7 |
|
Merchandise Cost |
- |
- |
16.4 |
3.3 |
11.4 |
|
Salaries and Wages |
- |
- |
2.9 |
3.0 |
3.5 |
|
Bonuses |
- |
- |
0.7 |
0.7 |
0.9 |
|
Retirement Allowance |
- |
- |
0.4 |
0.3 |
0.2 |
|
Employee Benefits |
- |
- |
1.0 |
0.5 |
0.7 |
|
Travel Expenses |
- |
- |
0.1 |
0.1 |
0.1 |
|
Communication Exp. |
- |
- |
0.2 |
0.2 |
0.3 |
|
Utility Expenses |
- |
- |
0.0 |
0.0 |
0.0 |
|
Taxes and Dues |
- |
- |
0.3 |
0.4 |
0.3 |
|
Rental Expenses |
- |
- |
0.4 |
0.2 |
0.1 |
|
Repair Expenses |
- |
- |
0.0 |
0.3 |
0.0 |
|
Insurance Expenses |
- |
- |
0.1 |
0.2 |
0.1 |
|
Entertainment |
- |
- |
0.4 |
0.4 |
0.5 |
|
Overseas Mkt Develop |
- |
- |
1.4 |
1.1 |
1.1 |
|
Consumable Expense |
- |
- |
0.1 |
0.1 |
0.1 |
|
Printing Expenses |
- |
- |
0.1 |
0.2 |
0.2 |
|
Commissions Paid |
- |
- |
2.2 |
1.6 |
1.9 |
|
Other Exporting Exp |
- |
- |
5.4 |
6.0 |
6.6 |
|
Shipping/Handling |
- |
- |
1.6 |
1.3 |
1.6 |
|
Vehicle Expenses |
- |
- |
0.3 |
0.3 |
0.3 |
|
Expenses for Samples |
- |
- |
0.4 |
0.2 |
0.4 |
|
Amort. of Bad Debts |
- |
- |
0.1 |
0.1 |
0.1 |
|
Advertising Expenses |
- |
- |
0.2 |
0.3 |
0.4 |
|
Distribution Expense |
8.1 |
7.3 |
- |
- |
- |
|
Depreciation Expense |
- |
- |
1.0 |
0.8 |
1.4 |
|
Amort-Intangibles |
- |
- |
0.2 |
0.2 |
0.1 |
|
R & D Expenses |
11.8 |
11.2 |
11.1 |
4.3 |
2.8 |
|
Education & Training |
- |
- |
0.1 |
0.1 |
0.1 |
|
Miscellaneous Operating Expense |
- |
- |
0.0 |
0.1 |
0.6 |
|
Selling & General Administrative Expense |
19.3 |
15.9 |
- |
- |
- |
|
Rental Income |
-1.3 |
-1.8 |
- |
- |
- |
|
Miscellaneous Income |
-3.4 |
-1.8 |
- |
- |
- |
|
Reversal of Allowance for Doubtful Accou |
- |
0.0 |
- |
- |
- |
|
Gain on Disposal of Property, Plant and |
0.0 |
-0.1 |
- |
- |
- |
|
Gain on Disposal of Equity Method Securi |
- |
-0.5 |
- |
- |
- |
|
Gain on Disposal of Investment in Real E |
0.0 |
- |
- |
- |
- |
|
Gain on Disposal of Residual Products |
0.0 |
-0.2 |
- |
- |
- |
|
Donations Paid |
0.2 |
0.7 |
- |
- |
- |
|
Miscellaneous Loss |
0.3 |
0.9 |
- |
- |
- |
|
Loss on Disposal of Marketable Securitie |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Disposal of Property, Plant and |
0.1 |
0.2 |
- |
- |
- |
|
Loss on Disposal of Investment in Real E |
0.0 |
- |
- |
- |
- |
|
Impairment Loss on Property, Plant and E |
- |
0.0 |
- |
- |
- |
|
Impairment Loss on Intangible Assets |
0.7 |
- |
- |
- |
- |
|
Adjustment for Other Operating Income/Lo |
0.0 |
0.0 |
- |
- |
- |
|
Total Operating Expense |
401.6 |
336.6 |
257.3 |
241.1 |
235.2 |
|
|
|
|
|
|
|
|
Interest Income |
1.0 |
0.7 |
0.4 |
0.5 |
0.6 |
|
Rental Income |
- |
- |
0.3 |
0.2 |
0.6 |
|
Gain on Foreign Currency Transactions |
5.8 |
4.4 |
7.0 |
9.9 |
2.8 |
|
Gain on Foreign Currency Translation |
1.3 |
2.0 |
5.0 |
1.2 |
0.1 |
|
Fees and Commissions Received |
- |
- |
0.1 |
0.1 |
0.1 |
|
Gain on Financial Guarantee Contract |
0.1 |
0.1 |
- |
- |
- |
|
Other Non-Op Income |
- |
- |
3.1 |
1.6 |
1.2 |
|
G-Tang Asset Disp. |
- |
- |
0.2 |
0.0 |
8.2 |
|
G-Mkt Secs Disposal |
- |
- |
- |
- |
0.2 |
|
Gain on Investments in Affiliates |
0.7 |
0.5 |
- |
- |
- |
|
Recovery of Loan Loss Reserve |
- |
- |
0.1 |
- |
2.8 |
|
Interest Expense |
-15.2 |
-12.0 |
-10.8 |
-11.8 |
-9.9 |
|
Loss-Redemption of Debentures |
- |
- |
- |
-0.6 |
- |
|
L-Mkt Secs Disposal |
- |
- |
-0.6 |
0.0 |
0.0 |
|
L-Tang Asset Disp. |
- |
- |
-0.1 |
-1.2 |
-1.4 |
|
Loss-Disposal of Accounts Receivable |
- |
- |
- |
0.0 |
- |
|
Loss-Reduction of Development Expenses |
- |
- |
-3.3 |
- |
- |
|
Loss on Foreign Currency Transactions |
-7.8 |
-6.2 |
-6.8 |
-18.3 |
-1.6 |
|
Loss on Foreign Currency Translation |
-3.1 |
-3.3 |
-0.8 |
-16.4 |
-2.7 |
|
Loss on Financial Guarantee Contract |
-0.5 |
-0.2 |
- |
- |
- |
|
Loss-Valuation of Tangible Assets |
- |
- |
- |
-0.5 |
- |
|
Donations Paid |
- |
- |
-0.8 |
-0.2 |
-0.2 |
|
Bad Debt Expense |
- |
- |
- |
0.0 |
- |
|
Other Non-Operating Loss |
- |
- |
-0.8 |
-1.1 |
-0.4 |
|
Adj-Other Non-Operating Expense |
- |
0.0 |
- |
- |
- |
|
Net Income Before Taxes |
-6.4 |
15.2 |
18.8 |
-24.0 |
3.9 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-0.3 |
1.6 |
0.7 |
-0.5 |
1.2 |
|
Net Income After Taxes |
-6.1 |
13.6 |
18.2 |
-23.5 |
2.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.6 |
-0.3 |
-0.4 |
1.0 |
0.3 |
|
Net Income Before Extra. Items |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
Net Income |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
42.0 |
42.0 |
40.2 |
37.6 |
37.6 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.16 |
0.32 |
0.44 |
-0.60 |
0.08 |
|
Basic EPS Including ExtraOrdinary Item |
-0.16 |
0.32 |
0.44 |
-0.60 |
0.08 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
Diluted Weighted Average Shares |
42.0 |
42.0 |
40.9 |
37.6 |
37.6 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.16 |
0.32 |
0.44 |
-0.60 |
0.08 |
|
Diluted EPS Including ExtraOrd Items |
-0.16 |
0.32 |
0.44 |
-0.60 |
0.08 |
|
DPS-Common Stock |
0.02 |
0.05 |
0.05 |
0.05 |
0.05 |
|
Gross Dividends - Common Stock |
0.9 |
2.2 |
2.0 |
1.7 |
2.0 |
|
Normalized Income Before Taxes |
-5.6 |
15.1 |
18.8 |
-22.8 |
-2.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.0 |
1.6 |
0.7 |
-0.1 |
-1.2 |
|
Normalized Income After Taxes |
-5.6 |
13.6 |
18.1 |
-22.8 |
-1.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-6.2 |
13.3 |
17.7 |
-21.7 |
-1.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.15 |
0.32 |
0.44 |
-0.58 |
-0.04 |
|
Diluted Normalized EPS |
-0.15 |
0.32 |
0.43 |
-0.58 |
-0.04 |
|
R&D Expense, Supplemental |
11.8 |
11.2 |
11.1 |
4.3 |
2.8 |
|
Advertising Expense |
0.2 |
0.3 |
0.2 |
0.3 |
0.4 |
|
Interest Expense, Supplemental |
15.2 |
12.0 |
10.8 |
11.8 |
9.9 |
|
Amort of Intangibles, Supplemental |
2.8 |
2.4 |
1.3 |
1.8 |
1.9 |
|
Rental Expense, Supplemental |
1.7 |
0.8 |
0.4 |
0.2 |
0.1 |
|
Depreciation, Supplemental |
18.8 |
16.8 |
15.9 |
18.1 |
19.1 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Cash Equivalents |
25.9 |
28.6 |
17.2 |
10.2 |
8.4 |
|
ST Finl Assets |
- |
0.2 |
0.7 |
0.5 |
3.2 |
|
ST Marketable Secs. |
- |
- |
- |
0.0 |
0.0 |
|
Trade Receivables |
76.3 |
79.7 |
47.5 |
29.8 |
26.8 |
|
Doubtful Account |
-0.7 |
-0.5 |
-0.7 |
-0.7 |
-0.5 |
|
Current Loans |
0.0 |
0.0 |
- |
- |
- |
|
Account Receivables |
4.9 |
5.0 |
3.6 |
3.5 |
3.1 |
|
Accrued Income |
0.1 |
0.1 |
0.2 |
0.2 |
0.4 |
|
Advance Payments |
2.6 |
2.3 |
4.8 |
3.6 |
3.5 |
|
Prepaid Expenses |
1.4 |
2.4 |
1.0 |
1.3 |
1.0 |
|
Dfrd Taxes |
- |
- |
1.3 |
1.1 |
0.5 |
|
Prepaid Taxes |
- |
- |
0.6 |
0.1 |
0.4 |
|
Current Tax Assets |
0.4 |
0.0 |
- |
- |
- |
|
Prepaid VAT |
- |
- |
0.0 |
0.0 |
0.1 |
|
Finished Goods |
13.4 |
11.1 |
13.7 |
9.9 |
9.5 |
|
Allowance for Loss on Valuation of Finis |
-1.0 |
-0.6 |
- |
- |
- |
|
Merchandise |
10.8 |
6.7 |
1.4 |
1.1 |
2.4 |
|
Works in Process |
6.8 |
6.8 |
5.8 |
5.7 |
6.2 |
|
Allowance for Loss on Valuation of Works |
-0.9 |
-0.5 |
- |
- |
- |
|
Raw Materials |
29.1 |
27.4 |
18.6 |
16.8 |
19.1 |
|
Allowance for Loss on Valuation of Raw M |
-1.3 |
-1.4 |
- |
- |
- |
|
Stored Goods |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Goods in Transit |
5.1 |
4.2 |
1.9 |
4.3 |
1.7 |
|
Adjustment for Trade & Other Receivables |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Inventories |
- |
0.0 |
- |
- |
- |
|
Adjustment for Other Current Assets |
0.0 |
0.0 |
- |
- |
- |
|
Total Current Assets |
173.0 |
171.8 |
117.6 |
87.5 |
85.9 |
|
|
|
|
|
|
|
|
LT Finl Assets |
0.5 |
0.4 |
0.3 |
0.0 |
0.4 |
|
Investment in Properties |
13.3 |
17.2 |
- |
- |
- |
|
LT Invest Secs. |
- |
- |
8.3 |
4.0 |
4.5 |
|
Non-Current Trade Receivables |
1.0 |
1.2 |
1.4 |
2.5 |
3.8 |
|
Allowance for Doubtful Accounts for Non- |
0.0 |
0.0 |
- |
- |
- |
|
Present Value Discount for Non-Current T |
-0.1 |
-0.2 |
- |
- |
- |
|
Non-Current Loans |
2.1 |
4.5 |
1.9 |
1.6 |
4.5 |
|
Present Value Discount for Non-Current L |
-0.3 |
-1.1 |
- |
- |
- |
|
Non-Current Securities Available-for-Sal |
2.6 |
2.0 |
- |
- |
- |
|
Guarantee Deposits, Non-Current Assets |
1.4 |
0.9 |
1.8 |
1.5 |
3.5 |
|
Non-Current Deferred Income Taxes Assets |
11.0 |
9.5 |
1.7 |
0.9 |
4.5 |
|
Other Inv Assets |
- |
- |
- |
3.0 |
3.0 |
|
Equity Method Securities |
3.8 |
3.4 |
- |
- |
4.0 |
|
Non-Current Advance Payments |
1.5 |
1.2 |
0.8 |
2.1 |
- |
|
Non-Current Prepaid Expenses |
1.9 |
1.2 |
- |
- |
- |
|
Land |
56.8 |
55.4 |
62.6 |
45.7 |
24.6 |
|
Buildings |
52.2 |
48.0 |
47.4 |
40.1 |
40.2 |
|
Buildings Depre. |
-8.9 |
-7.7 |
-7.4 |
-5.7 |
-6.2 |
|
Structures |
9.4 |
7.5 |
6.2 |
5.6 |
6.3 |
|
Structure Depre. |
-4.0 |
-3.6 |
-3.1 |
-2.6 |
-3.2 |
|
Machinery/Equip. |
174.2 |
166.2 |
183.0 |
158.9 |
187.9 |
|
Mach/Equip Depre |
-97.2 |
-87.2 |
-95.3 |
-78.2 |
-87.7 |
|
Mach/Equip - Gov't Subsidy |
- |
- |
-0.7 |
-0.6 |
-0.6 |
|
Transport Equip. |
4.3 |
3.6 |
3.0 |
2.8 |
3.4 |
|
Transport Deprec |
-2.4 |
-2.0 |
-2.0 |
-2.0 |
-2.3 |
|
Tools/Equipments |
39.7 |
35.6 |
30.7 |
23.4 |
25.6 |
|
Tool/Equip Depr. |
-28.4 |
-24.1 |
-19.5 |
-14.7 |
-16.3 |
|
Tools/Equipments - Gov't Subsidy |
- |
- |
-1.2 |
-0.8 |
-1.3 |
|
Fixtures |
9.1 |
8.0 |
7.1 |
5.9 |
7.1 |
|
Deprec. Fixtures |
-6.6 |
-6.1 |
-5.4 |
-4.4 |
-5.1 |
|
Capital Lease Asts |
18.1 |
3.9 |
10.6 |
7.5 |
9.1 |
|
Dep-Capital Lease |
-0.5 |
-0.7 |
-7.2 |
-6.0 |
-6.1 |
|
Machines in Transit |
0.0 |
0.0 |
- |
- |
- |
|
Construc in Prog |
30.5 |
18.6 |
4.2 |
4.5 |
21.0 |
|
Other Tangible Assets |
0.0 |
0.0 |
0.2 |
- |
- |
|
Other Tangibles-Depreciation |
0.0 |
0.0 |
0.0 |
- |
- |
|
Indust.-Patent |
2.0 |
3.2 |
3.7 |
2.9 |
1.3 |
|
Development Costs |
12.4 |
10.6 |
9.3 |
10.9 |
12.9 |
|
Software |
3.3 |
2.7 |
1.1 |
1.3 |
1.4 |
|
Other Intangible Assets |
5.1 |
3.8 |
- |
- |
- |
|
Land Usufruct |
- |
- |
0.9 |
0.9 |
0.5 |
|
Other Non-Current Assets |
- |
0.0 |
- |
0.2 |
- |
|
Other Fixed Assets |
- |
- |
0.2 |
0.2 |
- |
|
Adjustment for Non-Current Trade & Other |
0.0 |
0.0 |
- |
- |
- |
|
Adj-Property, Plant & Equipment, Net |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Intangible Assets |
0.0 |
- |
- |
- |
- |
|
Adjustment for Other Non-Current Assets |
- |
0.0 |
- |
- |
- |
|
Total Assets |
480.7 |
447.5 |
362.5 |
298.9 |
326.4 |
|
|
|
|
|
|
|
|
Trade Payables |
18.8 |
20.1 |
18.3 |
6.2 |
14.6 |
|
Current Borrowings |
232.8 |
193.1 |
140.7 |
124.0 |
101.4 |
|
Accounts Payable |
7.2 |
8.1 |
6.5 |
7.7 |
3.6 |
|
Advance from Customers |
0.3 |
0.9 |
2.7 |
6.1 |
3.0 |
|
Unearned Income |
0.1 |
0.1 |
- |
- |
- |
|
Deposit Withheld |
0.2 |
0.2 |
0.3 |
0.2 |
0.2 |
|
Current Tax Liabilities |
0.6 |
1.0 |
- |
0.4 |
0.5 |
|
Accrued Expenses |
1.6 |
1.4 |
- |
- |
- |
|
Other Accrued Expenses |
2.5 |
2.7 |
3.9 |
4.5 |
4.4 |
|
Bonds, Current Liabilities |
24.7 |
20.2 |
- |
- |
- |
|
Current LT Liabs. |
- |
- |
30.5 |
29.1 |
7.3 |
|
Current Capital Lease Payables |
2.7 |
0.9 |
- |
- |
- |
|
Adjustment for Trade & Other Payables |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Current Borrowings |
- |
0.0 |
- |
- |
- |
|
Adjustment for Other Current Liabilities |
- |
- |
- |
- |
- |
|
Total Current Liabilities |
291.3 |
248.7 |
202.9 |
178.2 |
135.0 |
|
|
|
|
|
|
|
|
Non-Current Borrowings |
49.8 |
56.9 |
46.3 |
40.0 |
46.3 |
|
Capital Leases |
5.9 |
0.3 |
1.2 |
0.7 |
1.5 |
|
Bonds |
5.5 |
6.0 |
- |
- |
26.7 |
|
Bonds with Warrant |
- |
- |
- |
- |
9.7 |
|
Adjustment for Non-current Borrowings |
0.0 |
0.0 |
- |
- |
- |
|
Total Long Term Debt |
61.1 |
63.3 |
47.5 |
40.7 |
84.2 |
|
|
|
|
|
|
|
|
Financial Guarantee Contracts Liabilitie |
0.6 |
0.2 |
- |
- |
- |
|
LT Acc'ts Payable |
- |
- |
4.8 |
4.1 |
5.2 |
|
Other Non-Current Liabilities |
6.8 |
5.7 |
- |
- |
- |
|
Retirement & Severance Benefits, Non-Cur |
4.3 |
5.1 |
11.7 |
4.3 |
5.0 |
|
Rental Secur Dep |
0.2 |
1.4 |
1.3 |
1.2 |
0.7 |
|
Deferred Income Taxes, Non-Current Liabi |
0.2 |
0.2 |
- |
- |
- |
|
Minority Interests |
3.8 |
3.3 |
1.1 |
0.3 |
1.3 |
|
Plan Assets |
- |
- |
-7.2 |
- |
- |
|
Transfer to National Pension Fund |
- |
- |
0.0 |
- |
- |
|
Adjustment for Non-Current Trade & Other |
0.0 |
0.0 |
- |
- |
- |
|
Total Liabilities |
368.3 |
328.0 |
262.0 |
228.7 |
231.5 |
|
|
|
|
|
|
|
|
Common Stock |
18.2 |
18.5 |
18.1 |
14.9 |
20.1 |
|
Additional Paid in Capital |
50.5 |
51.3 |
50.0 |
39.4 |
53.0 |
|
Other Capital Surplus |
0.1 |
0.1 |
0.2 |
0.9 |
1.2 |
|
Legal Reserve |
- |
- |
3.3 |
2.9 |
3.6 |
|
Reserv-Voluntary |
- |
- |
6.0 |
5.6 |
7.5 |
|
Tech Devel Reser |
- |
- |
0.1 |
0.2 |
0.6 |
|
Retained Carried |
- |
- |
-2.4 |
-18.8 |
4.1 |
|
Retained Earnings or Accumulated Deficit |
15.9 |
23.5 |
- |
- |
- |
|
Gain on Sale of Tangible Assets |
16.9 |
17.1 |
16.7 |
15.4 |
- |
|
Reserve for Assets Revaluation |
7.9 |
8.1 |
7.8 |
7.3 |
10.5 |
|
Overseas Business Translation Credit |
2.8 |
0.8 |
0.7 |
2.4 |
-5.7 |
|
Capital Change, Equity Method |
0.0 |
-0.1 |
- |
- |
- |
|
Discounts on Stock Issuance |
0.0 |
0.0 |
- |
- |
- |
|
Gains on Disposal of Treasury Stock |
0.1 |
0.1 |
- |
- |
- |
|
Adjustment for Other Paid-in Capital |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Other Capital Items |
0.0 |
0.0 |
- |
- |
- |
|
Total Equity |
112.4 |
119.5 |
100.5 |
70.2 |
95.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
480.7 |
447.5 |
362.5 |
298.9 |
326.4 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
42.0 |
42.0 |
42.0 |
37.6 |
37.6 |
|
Total Common Shares Outstanding |
42.0 |
42.0 |
42.0 |
37.6 |
37.6 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Revenue, Current |
0.3 |
1.0 |
2.7 |
6.1 |
3.0 |
|
Accumulated Intangible Amort, Suppl. |
10.9 |
7.5 |
- |
- |
- |
|
Full-Time Employees |
801 |
707 |
648 |
544 |
528 |
|
Number of Common Shareholders |
5,940 |
- |
8,938 |
7,137 |
6,069 |
|
LT Debt 1 yr |
24.7 |
- |
29.4 |
28.7 |
- |
|
LT Debt 2 yrs |
21.6 |
- |
10.0 |
7.3 |
- |
|
LT Debt 3 yrs |
- |
- |
10.9 |
8.0 |
- |
|
LT Debt 4 yrs |
- |
- |
9.4 |
6.7 |
- |
|
LT Debt 5 yrs |
32.9 |
- |
- |
8.0 |
- |
|
LT Debt thereafter |
0.8 |
- |
16.0 |
10.0 |
- |
|
Total Long Term Debt, Supplemental |
80.0 |
- |
75.8 |
68.7 |
- |
|
Capital Lse 1 yr |
- |
- |
1.1 |
0.4 |
- |
|
Capital Lse 2 yrs |
- |
- |
1.0 |
0.4 |
- |
|
Capital Lease 3 Yrs |
- |
- |
0.1 |
0.3 |
- |
|
Total Capital Leases |
- |
- |
2.3 |
1.1 |
- |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Reclassified
Normal |
Reclassified
Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
-6.1 |
13.6 |
18.2 |
-23.5 |
2.7 |
|
Depreciation |
18.8 |
16.8 |
15.9 |
18.1 |
19.1 |
|
Amort. Intangible |
2.8 |
2.4 |
1.3 |
1.8 |
1.9 |
|
Recovery of Provision for Doubtful Ac |
- |
- |
-0.1 |
-0.4 |
-3.4 |
|
Expenses of Allowance for Doubtful Accou |
- |
- |
0.1 |
0.6 |
- |
|
Retirement Allowance |
3.0 |
2.5 |
2.5 |
2.1 |
2.7 |
|
Depreciation of Investment Properties |
0.1 |
0.2 |
- |
- |
- |
|
Accrued Interest Expense |
- |
- |
- |
0.4 |
- |
|
Loss-Foreign Exchange Transaction |
- |
- |
- |
0.4 |
- |
|
Amort Discount Value |
- |
- |
- |
- |
0.0 |
|
L-For Exch Translatn |
3.1 |
3.3 |
0.8 |
15.5 |
2.7 |
|
Loss-Redemption of Bond |
- |
- |
- |
0.6 |
- |
|
Loss on Disposal of Property, Plant and |
0.1 |
0.2 |
0.1 |
1.2 |
1.4 |
|
Impairment Loss on Property, Plant and E |
- |
0.0 |
- |
- |
- |
|
L-Mkt Secs Disposal |
- |
- |
0.6 |
0.0 |
0.0 |
|
Loss-Valuation of Tangible Assets |
- |
- |
- |
0.5 |
- |
|
Impairment Loss on Intangible Assets |
0.7 |
- |
- |
- |
- |
|
L-Value Finished Goods |
- |
- |
- |
1.3 |
0.1 |
|
Loss on Invesment in Affiliates |
0.1 |
- |
- |
- |
- |
|
G-For Exch Translatn |
-1.3 |
-2.0 |
-5.0 |
-0.6 |
-0.1 |
|
Gain-Disposal of Treasury Stock |
- |
- |
- |
0.0 |
- |
|
Corporate Taxes Expense |
-0.3 |
1.6 |
- |
- |
- |
|
Finance Expense |
15.2 |
12.0 |
- |
- |
- |
|
Other Added Expense |
0.5 |
0.6 |
- |
- |
- |
|
Gain on Invesment in Affiliates |
-0.8 |
-0.5 |
- |
- |
- |
|
Gain on Disposal of Investment Propertie |
0.0 |
- |
- |
- |
- |
|
Gain on Disposal of Investment in Affili |
- |
-0.5 |
- |
- |
- |
|
G-Tang Asset Disp. |
0.0 |
-0.1 |
-0.2 |
0.0 |
-8.2 |
|
Gain on Return of Membership Rights |
- |
- |
- |
- |
-0.2 |
|
Finance Income |
-1.0 |
-0.7 |
- |
- |
- |
|
Other Deducted Income |
0.3 |
-0.7 |
- |
- |
- |
|
Trade & Other Receviables |
3.1 |
-26.9 |
- |
- |
- |
|
Decrease or Increase in Trade Receivable |
- |
- |
-14.0 |
-0.8 |
-3.0 |
|
Decrease or Increase in Long-term Trade |
- |
- |
2.2 |
- |
- |
|
Acct Rcvbl |
- |
- |
0.2 |
-0.8 |
-0.4 |
|
Accrued Inc |
- |
- |
0.0 |
0.2 |
-0.1 |
|
Advanced Payment |
- |
- |
-0.8 |
-1.4 |
-0.1 |
|
Prepaid Exp |
- |
- |
0.4 |
-0.2 |
-0.2 |
|
Prepaid Income Taxes |
- |
- |
-0.4 |
- |
- |
|
Prepaid Value Added Taxes |
- |
- |
0.0 |
- |
- |
|
LT Advance Payment |
- |
- |
1.3 |
- |
- |
|
Inventory |
-11.9 |
-15.7 |
-0.5 |
-10.3 |
-6.3 |
|
Other Current Assets |
2.1 |
0.4 |
- |
- |
- |
|
Decrease in Other Non-Current Assets |
-1.1 |
-0.8 |
- |
- |
- |
|
Deferred Taxes-Asset |
- |
- |
-0.9 |
-3.0 |
0.6 |
|
Trade & Other Payables |
-3.6 |
8.9 |
- |
- |
- |
|
Trade Pay |
- |
- |
10.5 |
-16.9 |
-3.6 |
|
Account Payables |
- |
- |
-2.1 |
7.5 |
-1.5 |
|
Increase or Decrease in Long-term Other |
- |
- |
0.3 |
- |
- |
|
Advances Rcvd |
- |
- |
-3.5 |
2.4 |
-0.2 |
|
LT Advance Received |
- |
- |
- |
- |
1.7 |
|
Deposits Withheld |
- |
- |
0.1 |
0.0 |
0.0 |
|
Accrued Exp. |
- |
- |
-0.8 |
1.3 |
-0.1 |
|
Accrued Income Taxes |
- |
- |
- |
0.2 |
0.5 |
|
Plan Assets |
0.1 |
-0.6 |
- |
- |
- |
|
Payment for Retirement Allowance |
-2.1 |
-1.9 |
-1.2 |
-1.0 |
-1.2 |
|
Retirement & Severance Benefits from Aff |
0.0 |
- |
- |
- |
- |
|
Retirement & Severance Benefits from Aff |
0.0 |
- |
- |
- |
- |
|
Natl Pension |
- |
- |
0.0 |
0.0 |
0.0 |
|
Dep for Ret Ins |
- |
- |
- |
1.6 |
0.9 |
|
Retirement Pension Operation Assets |
- |
- |
-1.5 |
-2.2 |
-1.6 |
|
Other Current Liabilities |
-0.7 |
0.2 |
- |
- |
- |
|
Other Operating Assets & Liabilities |
0.6 |
1.2 |
- |
- |
- |
|
Cash-Interest Received |
0.9 |
0.4 |
- |
- |
- |
|
Cash-Interest Paid |
-14.6 |
-11.6 |
- |
- |
- |
|
Cash-Tax Refunded |
0.2 |
0.1 |
- |
- |
- |
|
Cash-Tax Paid |
-2.9 |
-1.2 |
- |
- |
- |
|
Cash-Dividend Income |
0.2 |
0.2 |
- |
- |
- |
|
Cash from Operating Activities |
5.5 |
1.3 |
23.4 |
-5.6 |
4.2 |
|
|
|
|
|
|
|
|
op |
0.2 |
0.7 |
0.4 |
2.7 |
- |
|
Disposal-ST Marketable Securities |
- |
- |
0.0 |
- |
- |
|
Disposal of Investment Properties |
3.7 |
- |
- |
- |
- |
|
Dec. Other Inv Asset |
- |
- |
- |
1.1 |
0.1 |
|
Disp of Invest Secs. |
- |
- |
- |
0.3 |
0.0 |
|
Disposal of Investment in Affiliates |
- |
0.8 |
- |
- |
- |
|
Decrease in Current Loans |
0.0 |
- |
- |
- |
- |
|
Decrease in Non-Current Loans |
2.4 |
0.4 |
0.0 |
0.4 |
0.4 |
|
Dec-Guarantee Dep |
- |
- |
- |
2.0 |
0.1 |
|
Dec-Lease Guarantee |
- |
- |
-0.2 |
-0.1 |
-2.2 |
|
Decr.-LT Acct Rcvbl |
- |
- |
- |
0.0 |
1.1 |
|
Decrease-Other Non-Current Liabilities |
- |
- |
0.1 |
0.0 |
- |
|
Disposal Vehicles |
- |
- |
0.1 |
0.0 |
0.0 |
|
Proceeds from Sale of Land |
- |
- |
- |
- |
13.2 |
|
Disposal Mach./Equip |
- |
- |
0.5 |
0.1 |
0.0 |
|
Disposal-Tools & Supplies |
- |
- |
0.9 |
0.0 |
0.0 |
|
Proceeds from Sale of Construction in Pr |
- |
- |
1.9 |
- |
0.0 |
|
Disposal of Property, Plant and Equipmen |
0.4 |
0.7 |
- |
- |
- |
|
Inc-Lease Guarantee |
- |
- |
0.0 |
2.5 |
0.0 |
|
Incr-LT Acc'ts Payable |
- |
- |
0.3 |
0.3 |
1.1 |
|
Incr-Gov't Subsidy |
- |
- |
- |
- |
0.4 |
|
Increase in Current Loans |
- |
0.0 |
- |
- |
- |
|
Increase in Non-Current Loans |
-0.4 |
-0.1 |
-0.2 |
- |
0.0 |
|
Increase-LT Advanced Payment |
- |
- |
- |
-2.4 |
- |
|
Increase-Other LT Assets |
- |
- |
-0.1 |
0.0 |
- |
|
Inc in Guarant Depos |
- |
- |
-0.2 |
-1.5 |
-0.4 |
|
Disposal of Intangible Assets |
- |
0.0 |
- |
- |
- |
|
Decrease in Membership Rights |
- |
- |
- |
0.1 |
0.4 |
|
Purchase of Current Financial Assets |
0.0 |
-0.1 |
-0.5 |
-0.6 |
-3.2 |
|
Inc-LT Finl Assets |
-0.1 |
-0.1 |
-0.3 |
0.0 |
0.0 |
|
Inc Other Invt Ast |
- |
- |
- |
-0.5 |
-3.8 |
|
Increase-Investment Securities |
- |
- |
-3.5 |
- |
- |
|
Acq-Securities under Equity Method |
- |
- |
- |
- |
-4.8 |
|
Purchase of Securities Available-for-Sal |
-0.7 |
-0.6 |
- |
- |
- |
|
Purchase of ST Financial Asset-FV |
0.0 |
0.0 |
- |
- |
- |
|
Purchase of Land |
- |
- |
- |
-3.6 |
- |
|
Acquis. of Building |
- |
- |
-0.4 |
-0.5 |
-0.1 |
|
Purch. of Structure |
- |
- |
-0.2 |
0.0 |
0.0 |
|
Purch. of Machinery |
- |
- |
-8.9 |
-3.5 |
-4.8 |
|
Acq. of Vehicles |
- |
- |
-0.4 |
-0.3 |
-0.2 |
|
Acq. in Tools/Equip. |
- |
- |
-1.0 |
-1.8 |
0.0 |
|
Acquis. of Fixtures |
- |
- |
-0.6 |
-0.7 |
-0.6 |
|
Acq. Const. In Prog |
- |
- |
-25.5 |
-19.7 |
-29.1 |
|
Acq of Capital Lease |
- |
- |
- |
- |
-0.2 |
|
Purchase of Property, Plant and Equipmen |
-53.4 |
-35.8 |
- |
- |
- |
|
Purchase of Intangible Assets |
-8.2 |
-6.8 |
-1.2 |
-2.9 |
-0.3 |
|
Increase in R&D Cost |
- |
- |
-1.6 |
-0.3 |
-4.2 |
|
Acquisition of Software |
- |
- |
-0.1 |
-0.6 |
-0.9 |
|
Cash from Investing Activities |
-56.1 |
-40.9 |
-40.6 |
-29.3 |
-38.0 |
|
|
|
|
|
|
|
|
Increase in Borrowings |
276.8 |
217.0 |
- |
- |
- |
|
Increase-Bond |
- |
- |
18.9 |
- |
- |
|
Inc in LT Borrowings |
- |
- |
8.5 |
10.9 |
22.0 |
|
Issuance of Bonds with Warrant |
- |
- |
- |
- |
10.8 |
|
Increase in Capital Lease Liabilities |
4.9 |
- |
1.8 |
- |
2.4 |
|
Capital Increase |
- |
- |
7.8 |
- |
- |
|
Proceeds from ST Borrowing |
- |
- |
124.4 |
152.3 |
118.0 |
|
Disposal-Treasury Stock |
- |
- |
- |
0.0 |
- |
|
Rights Issue |
- |
0.8 |
- |
- |
- |
|
Decrease in Borrowings |
-232.1 |
-166.2 |
- |
- |
- |
|
Dec of ST Borrowings |
- |
- |
-117.2 |
-106.3 |
-115.0 |
|
Dividend Paid |
-2.3 |
-2.2 |
-1.5 |
-1.9 |
-2.0 |
|
Dec-Curr LT Liabs |
- |
- |
- |
- |
-2.9 |
|
Decrease in Capital Lease Liabilities |
-3.0 |
-1.1 |
- |
- |
- |
|
Dec in LT Borrowings |
- |
- |
-21.8 |
-11.1 |
-2.4 |
|
Redemption-Bond with Warrant |
- |
- |
- |
-9.1 |
- |
|
Expense for Bond Issuance |
- |
- |
- |
- |
-0.2 |
|
Cash Outflow-Consolidation Scope Change |
- |
- |
- |
3.9 |
- |
|
Cash Inflow from Other Financing Activit |
7.9 |
6.5 |
1.9 |
0.7 |
0.4 |
|
Cash Outflow from Other Financing Activi |
-5.0 |
-4.3 |
- |
- |
- |
|
Other Increase/Decrease |
1.0 |
0.2 |
- |
- |
- |
|
Cash from Financing Activities |
48.1 |
50.7 |
22.8 |
39.4 |
31.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-0.6 |
- |
- |
- |
|
Net Change in Cash |
-2.4 |
10.5 |
5.6 |
4.5 |
-2.8 |
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning |
29.3 |
17.5 |
10.1 |
7.2 |
11.3 |
|
Cash and Cash Equivalents at End |
26.9 |
28.0 |
15.7 |
11.7 |
8.5 |
|
Cash Interest Paid |
14.6 |
11.6 |
- |
- |
- |
|
Cash Taxes Paid |
2.7 |
1.1 |
- |
- |
- |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
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|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per share
items (actual units) |
|
|
|
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|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
412.9 |
365.7 |
284.0 |
253.8 |
238.8 |
|
Revenue |
412.9 |
365.7 |
284.0 |
253.8 |
238.8 |
|
Total Revenue |
412.9 |
365.7 |
284.0 |
253.8 |
238.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
365.7 |
304.7 |
226.6 |
218.0 |
211.1 |
|
Cost of Revenue, Total |
365.7 |
304.7 |
226.6 |
218.0 |
211.1 |
|
Gross Profit |
47.2 |
61.1 |
57.4 |
35.9 |
27.7 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
27.5 |
23.2 |
13.1 |
13.1 |
14.3 |
|
Labor & Related Expense |
- |
- |
5.0 |
4.5 |
5.2 |
|
Advertising Expense |
- |
- |
0.2 |
0.3 |
0.4 |
|
Total Selling/General/Administrative Expenses |
27.5 |
23.2 |
18.4 |
17.9 |
19.8 |
|
Research & Development |
11.8 |
11.2 |
11.1 |
4.3 |
2.8 |
|
Depreciation |
- |
- |
1.0 |
0.8 |
1.4 |
|
Amortization of Intangibles |
- |
- |
0.2 |
0.2 |
0.1 |
|
Depreciation/Amortization |
- |
- |
1.3 |
1.0 |
1.5 |
|
Investment Income -
Operating |
0.0 |
-0.5 |
- |
- |
- |
|
Interest/Investment Income - Operating |
0.0 |
-0.5 |
- |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
0.0 |
-0.5 |
- |
- |
- |
|
Impairment-Assets Held for Use |
0.7 |
0.0 |
- |
- |
- |
|
Loss (Gain) on Sale of Assets - Operating |
0.0 |
0.0 |
- |
- |
- |
|
Unusual Expense (Income) |
0.7 |
0.0 |
- |
- |
- |
|
Other Operating Expense |
0.5 |
1.6 |
- |
- |
- |
|
Other, Net |
-4.7 |
-3.6 |
- |
- |
- |
|
Other Operating Expenses, Total |
-4.2 |
-2.0 |
- |
- |
- |
|
Total Operating Expense |
401.6 |
336.6 |
257.3 |
241.1 |
235.2 |
|
|
|
|
|
|
|
|
Operating Income |
11.3 |
29.1 |
26.7 |
12.7 |
3.5 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-15.2 |
-12.0 |
-10.8 |
-11.8 |
-9.9 |
|
Interest Expense, Net Non-Operating |
-15.2 |
-12.0 |
-10.8 |
-11.8 |
-9.9 |
|
Interest Income -
Non-Operating |
1.0 |
0.7 |
0.4 |
0.5 |
0.6 |
|
Investment Income -
Non-Operating |
-3.1 |
-2.6 |
0.5 |
-24.1 |
-1.2 |
|
Interest/Investment Income - Non-Operating |
-2.1 |
-1.9 |
0.9 |
-23.6 |
-0.6 |
|
Interest Income (Expense) - Net Non-Operating Total |
-17.3 |
-13.9 |
-9.9 |
-35.4 |
-10.5 |
|
Gain (Loss) on Sale of Assets |
- |
- |
0.1 |
-1.2 |
6.8 |
|
Other Non-Operating Income (Expense) |
-0.4 |
-0.1 |
2.0 |
-0.2 |
4.1 |
|
Other, Net |
-0.4 |
-0.1 |
2.0 |
-0.2 |
4.1 |
|
Income Before Tax |
-6.4 |
15.2 |
18.8 |
-24.0 |
3.9 |
|
|
|
|
|
|
|
|
Total Income Tax |
-0.3 |
1.6 |
0.7 |
-0.5 |
1.2 |
|
Income After Tax |
-6.1 |
13.6 |
18.2 |
-23.5 |
2.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.6 |
-0.3 |
-0.4 |
1.0 |
0.3 |
|
Net Income Before Extraord Items |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
Net Income |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
42.0 |
42.0 |
40.2 |
37.6 |
37.6 |
|
Basic EPS Excl Extraord Items |
-0.16 |
0.32 |
0.44 |
-0.60 |
0.08 |
|
Basic/Primary EPS Incl Extraord Items |
-0.16 |
0.32 |
0.44 |
-0.60 |
0.08 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
Diluted Weighted Average Shares |
42.0 |
42.0 |
40.9 |
37.6 |
37.6 |
|
Diluted EPS Excl Extraord Items |
-0.16 |
0.32 |
0.44 |
-0.60 |
0.08 |
|
Diluted EPS Incl Extraord Items |
-0.16 |
0.32 |
0.44 |
-0.60 |
0.08 |
|
Dividends per Share - Common Stock Primary Issue |
0.02 |
0.05 |
0.05 |
0.05 |
0.05 |
|
Gross Dividends - Common Stock |
0.9 |
2.2 |
2.0 |
1.7 |
2.0 |
|
Interest Expense, Supplemental |
15.2 |
12.0 |
10.8 |
11.8 |
9.9 |
|
Depreciation, Supplemental |
18.8 |
16.8 |
15.9 |
18.1 |
19.1 |
|
Total Special Items |
0.7 |
0.0 |
-0.1 |
1.2 |
-6.8 |
|
Normalized Income Before Tax |
-5.6 |
15.1 |
18.8 |
-22.8 |
-2.9 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.2 |
0.0 |
0.0 |
0.4 |
-2.4 |
|
Inc Tax Ex Impact of Sp Items |
0.0 |
1.6 |
0.7 |
-0.1 |
-1.2 |
|
Normalized Income After Tax |
-5.6 |
13.6 |
18.1 |
-22.8 |
-1.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-6.2 |
13.3 |
17.7 |
-21.7 |
-1.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.15 |
0.32 |
0.44 |
-0.58 |
-0.04 |
|
Diluted Normalized EPS |
-0.15 |
0.32 |
0.43 |
-0.58 |
-0.04 |
|
Amort of Intangibles, Supplemental |
2.8 |
2.4 |
1.3 |
1.8 |
1.9 |
|
Rental Expenses |
1.7 |
0.8 |
0.4 |
0.2 |
0.1 |
|
Advertising Expense, Supplemental |
0.2 |
0.3 |
0.2 |
0.3 |
0.4 |
|
Research & Development Exp, Supplemental |
11.8 |
11.2 |
11.1 |
4.3 |
2.8 |
|
Normalized EBIT |
12.1 |
28.6 |
26.7 |
12.7 |
3.5 |
|
Normalized EBITDA |
33.7 |
47.7 |
43.8 |
32.7 |
24.5 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
No Financial Data
for Dongjin Semichem Co., Ltd.
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
25.9 |
28.6 |
17.2 |
10.2 |
8.4 |
|
Short Term Investments |
- |
0.2 |
0.7 |
0.5 |
3.2 |
|
Cash and Short Term Investments |
25.9 |
28.7 |
17.9 |
10.7 |
11.6 |
|
Accounts Receivable -
Trade, Gross |
76.3 |
79.7 |
47.5 |
29.8 |
26.8 |
|
Provision for Doubtful
Accounts |
-0.7 |
-0.5 |
-0.7 |
-0.7 |
-0.5 |
|
Trade Accounts Receivable - Net |
75.7 |
79.4 |
47.0 |
29.3 |
26.7 |
|
Other Receivables |
4.9 |
5.0 |
3.6 |
3.5 |
3.1 |
|
Total Receivables, Net |
80.6 |
84.4 |
50.5 |
32.8 |
29.8 |
|
Inventories - Finished Goods |
23.1 |
17.2 |
15.2 |
11.0 |
11.9 |
|
Inventories - Work In Progress |
5.9 |
6.3 |
5.8 |
5.7 |
6.2 |
|
Inventories - Raw Materials |
27.8 |
26.0 |
18.6 |
16.8 |
19.1 |
|
Inventories - Other |
7.9 |
6.7 |
6.8 |
8.0 |
5.3 |
|
Total Inventory |
64.7 |
56.2 |
46.3 |
41.5 |
42.5 |
|
Prepaid Expenses |
1.8 |
2.5 |
1.6 |
1.4 |
1.5 |
|
Deferred Income Tax - Current Asset |
- |
- |
1.3 |
1.1 |
0.5 |
|
Other Current Assets |
0.0 |
0.0 |
- |
- |
- |
|
Other Current Assets, Total |
0.0 |
0.0 |
1.3 |
1.1 |
0.5 |
|
Total Current Assets |
173.0 |
171.8 |
117.6 |
87.5 |
85.9 |
|
|
|
|
|
|
|
|
Buildings |
61.6 |
55.5 |
53.7 |
45.8 |
46.5 |
|
Land/Improvements |
56.8 |
55.4 |
62.6 |
45.7 |
24.6 |
|
Machinery/Equipment |
227.2 |
213.4 |
222.0 |
189.6 |
222.1 |
|
Construction in
Progress |
30.5 |
18.6 |
4.2 |
4.5 |
21.0 |
|
Leases |
18.1 |
3.9 |
10.6 |
7.5 |
9.1 |
|
Other
Property/Plant/Equipment |
0.0 |
0.0 |
0.2 |
- |
- |
|
Property/Plant/Equipment - Gross |
394.3 |
346.9 |
353.2 |
293.0 |
323.3 |
|
Accumulated Depreciation |
-148.1 |
-131.5 |
-139.9 |
-113.6 |
-127.0 |
|
Property/Plant/Equipment - Net |
246.2 |
215.4 |
213.4 |
179.4 |
196.2 |
|
Intangibles, Net |
22.8 |
20.2 |
15.0 |
16.0 |
16.1 |
|
LT Investment - Affiliate Companies |
3.8 |
3.4 |
- |
- |
4.0 |
|
LT Investments - Other |
16.4 |
19.6 |
8.6 |
7.1 |
7.9 |
|
Long Term Investments |
20.2 |
22.9 |
8.6 |
7.1 |
11.9 |
|
Note Receivable - Long Term |
2.6 |
4.4 |
3.4 |
4.0 |
8.3 |
|
Deferred Income Tax - Long Term Asset |
11.0 |
9.5 |
1.7 |
0.9 |
4.5 |
|
Other Long Term Assets |
4.9 |
3.3 |
2.8 |
3.9 |
3.5 |
|
Other Long Term Assets, Total |
15.8 |
12.8 |
4.6 |
4.8 |
8.1 |
|
Total Assets |
480.7 |
447.5 |
362.5 |
298.9 |
326.4 |
|
|
|
|
|
|
|
|
Accounts Payable |
18.8 |
20.1 |
18.3 |
6.2 |
14.6 |
|
Accrued Expenses |
4.1 |
4.1 |
3.9 |
4.5 |
4.4 |
|
Notes Payable/Short Term Debt |
232.8 |
193.1 |
140.7 |
124.0 |
101.4 |
|
Current Portion - Long Term Debt/Capital Leases |
27.4 |
21.1 |
30.5 |
29.1 |
7.3 |
|
Customer Advances |
0.3 |
1.0 |
2.7 |
6.1 |
3.0 |
|
Income Taxes Payable |
0.6 |
1.0 |
- |
0.4 |
0.5 |
|
Other Payables |
7.2 |
8.1 |
6.5 |
7.7 |
3.6 |
|
Other Current Liabilities |
0.2 |
0.2 |
0.3 |
0.2 |
0.2 |
|
Other Current liabilities, Total |
8.2 |
10.4 |
9.5 |
14.3 |
7.2 |
|
Total Current Liabilities |
291.3 |
248.7 |
202.9 |
178.2 |
135.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
55.3 |
63.0 |
46.3 |
40.0 |
82.7 |
|
Capital Lease Obligations |
5.9 |
0.3 |
1.2 |
0.7 |
1.5 |
|
Total Long Term Debt |
61.1 |
63.3 |
47.5 |
40.7 |
84.2 |
|
Total Debt |
321.4 |
277.5 |
218.7 |
193.9 |
192.9 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.2 |
0.2 |
- |
- |
- |
|
Deferred Income Tax |
0.2 |
0.2 |
- |
- |
- |
|
Minority Interest |
3.8 |
3.3 |
1.1 |
0.3 |
1.3 |
|
Pension Benefits - Underfunded |
4.3 |
5.1 |
4.4 |
4.3 |
5.0 |
|
Other Long Term Liabilities |
7.6 |
7.4 |
6.0 |
5.3 |
5.9 |
|
Other Liabilities, Total |
11.8 |
12.4 |
10.5 |
9.6 |
11.0 |
|
Total Liabilities |
368.3 |
328.0 |
262.0 |
228.7 |
231.5 |
|
|
|
|
|
|
|
|
Common Stock |
18.2 |
18.5 |
18.1 |
14.9 |
20.1 |
|
Common Stock |
18.2 |
18.5 |
18.1 |
14.9 |
20.1 |
|
Additional Paid-In Capital |
50.6 |
51.4 |
50.2 |
40.2 |
54.1 |
|
Retained Earnings (Accumulated Deficit) |
15.9 |
23.5 |
7.0 |
-10.1 |
15.9 |
|
Unrealized Gain (Loss) |
24.8 |
25.1 |
24.6 |
22.7 |
10.5 |
|
Translation Adjustment |
2.8 |
0.8 |
0.7 |
2.4 |
-5.7 |
|
Other Equity |
0.1 |
0.1 |
- |
- |
- |
|
Other Equity, Total |
2.9 |
0.9 |
0.7 |
2.4 |
-5.7 |
|
Total Equity |
112.4 |
119.5 |
100.5 |
70.2 |
95.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
480.7 |
447.5 |
362.5 |
298.9 |
326.4 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
42.0 |
42.0 |
42.0 |
37.6 |
37.6 |
|
Total Common Shares Outstanding |
42.0 |
42.0 |
42.0 |
37.6 |
37.6 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
801 |
707 |
648 |
544 |
528 |
|
Number of Common Shareholders |
5,940 |
- |
8,938 |
7,137 |
6,069 |
|
Accumulated Intangible Amort, Suppl. |
10.9 |
7.5 |
- |
- |
- |
|
Deferred Revenue - Current |
0.3 |
1.0 |
2.7 |
6.1 |
3.0 |
|
Total Long Term Debt, Supplemental |
80.0 |
- |
75.8 |
68.7 |
- |
|
Long Term Debt Maturing within 1 Year |
24.7 |
- |
29.4 |
28.7 |
- |
|
Long Term Debt Maturing in Year 2 |
21.6 |
- |
10.0 |
7.3 |
- |
|
Long Term Debt Maturing in Year 3 |
11.0 |
- |
10.9 |
8.0 |
- |
|
Long Term Debt Maturing in Year 4 |
11.0 |
- |
9.4 |
6.7 |
- |
|
Long Term Debt Maturing in Year 5 |
11.0 |
- |
- |
8.0 |
- |
|
Long Term Debt Maturing in 2-3 Years |
32.6 |
- |
20.9 |
15.3 |
- |
|
Long Term Debt Maturing in 4-5 Years |
21.9 |
- |
9.4 |
14.7 |
- |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.8 |
- |
16.0 |
10.0 |
- |
|
Total Capital Leases, Supplemental |
- |
- |
2.3 |
1.1 |
- |
|
Capital Lease Payments Due in Year 1 |
- |
- |
1.1 |
0.4 |
- |
|
Capital Lease Payments Due in Year 2 |
- |
- |
1.0 |
0.4 |
- |
|
Capital Lease Payments Due in Year 3 |
- |
- |
0.1 |
0.3 |
- |
|
Capital Lease Payments Due in 2-3 Years |
- |
- |
1.2 |
0.7 |
- |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
No Financial Data
for Dongjin Semichem Co., Ltd.
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Reclassified
Normal |
Reclassified
Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-6.1 |
13.6 |
18.2 |
-23.5 |
2.7 |
|
Depreciation |
18.8 |
16.8 |
15.9 |
18.1 |
19.1 |
|
Depreciation/Depletion |
18.8 |
16.8 |
15.9 |
18.1 |
19.1 |
|
Amortization of Intangibles |
2.8 |
2.4 |
1.3 |
1.8 |
1.9 |
|
Amortization |
2.8 |
2.4 |
1.3 |
1.8 |
1.9 |
|
Deferred Taxes |
- |
- |
-0.9 |
-3.0 |
0.6 |
|
Unusual Items |
-0.3 |
-1.3 |
0.5 |
3.6 |
-6.7 |
|
Equity in Net Earnings (Loss) |
-0.7 |
-0.5 |
- |
- |
- |
|
Other Non-Cash Items |
19.6 |
16.7 |
-1.7 |
18.0 |
1.6 |
|
Non-Cash Items |
18.5 |
14.9 |
-1.2 |
21.6 |
-5.0 |
|
Accounts Receivable |
3.1 |
-26.9 |
-11.6 |
-1.4 |
-3.4 |
|
Inventories |
-11.9 |
-15.7 |
-1.3 |
-11.8 |
-6.4 |
|
Prepaid Expenses |
- |
- |
1.3 |
-0.2 |
-0.2 |
|
Other Assets |
2.1 |
0.4 |
- |
- |
- |
|
Accounts Payable |
-3.6 |
8.9 |
8.8 |
-9.5 |
-5.1 |
|
Accrued Expenses |
- |
- |
-0.8 |
1.3 |
-0.1 |
|
Taxes Payable |
- |
- |
- |
0.2 |
0.5 |
|
Other Liabilities |
-2.7 |
-2.3 |
-6.1 |
0.8 |
-0.3 |
|
Other Assets & Liabilities, Net |
0.6 |
1.2 |
- |
- |
- |
|
Other Operating Cash Flow |
-16.2 |
-12.0 |
- |
- |
- |
|
Changes in Working Capital |
-28.5 |
-46.4 |
-9.9 |
-20.7 |
-15.1 |
|
Cash from Operating Activities |
5.5 |
1.3 |
23.4 |
-5.6 |
4.2 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-53.4 |
-35.8 |
-36.9 |
-30.1 |
-35.0 |
|
Purchase/Acquisition of Intangibles |
-8.2 |
-6.8 |
-2.9 |
-3.8 |
-5.5 |
|
Capital Expenditures |
-61.6 |
-42.6 |
-39.8 |
-33.9 |
-40.5 |
|
Sale of Fixed Assets |
0.4 |
0.7 |
3.4 |
0.2 |
13.4 |
|
Sale/Maturity of Investment |
3.9 |
1.5 |
0.4 |
4.1 |
0.1 |
|
Purchase of Investments |
-0.9 |
-0.9 |
-4.3 |
-1.1 |
-11.8 |
|
Sale of Intangible Assets |
- |
0.0 |
- |
0.1 |
0.4 |
|
Other Investing Cash Flow |
2.1 |
0.3 |
-0.3 |
1.3 |
0.5 |
|
Other Investing Cash Flow Items, Total |
5.5 |
1.7 |
-0.8 |
4.6 |
2.5 |
|
Cash from Investing Activities |
-56.1 |
-40.9 |
-40.6 |
-29.3 |
-38.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
3.9 |
2.4 |
1.9 |
4.6 |
-2.8 |
|
Financing Cash Flow Items |
3.9 |
2.4 |
1.9 |
4.6 |
-2.8 |
|
Cash Dividends Paid - Common |
-2.3 |
-2.2 |
-1.5 |
-1.9 |
-2.0 |
|
Total Cash Dividends Paid |
-2.3 |
-2.2 |
-1.5 |
-1.9 |
-2.0 |
|
Sale/Issuance of
Common |
- |
0.8 |
7.8 |
0.0 |
- |
|
Common Stock, Net |
- |
0.8 |
7.8 |
0.0 |
- |
|
Issuance (Retirement) of Stock, Net |
- |
0.8 |
7.8 |
0.0 |
- |
|
Short Term Debt Issued |
- |
- |
124.4 |
152.3 |
118.0 |
|
Short Term Debt
Reduction |
- |
- |
-117.2 |
-106.3 |
-115.0 |
|
Short Term Debt, Net |
- |
- |
7.2 |
46.0 |
3.0 |
|
Long Term Debt Issued |
4.9 |
- |
29.2 |
10.9 |
35.2 |
|
Long Term Debt
Reduction |
-3.0 |
-1.1 |
-21.8 |
-20.2 |
-2.4 |
|
Long Term Debt, Net |
1.9 |
-1.1 |
7.4 |
-9.4 |
32.7 |
|
Total Debt Issued |
276.8 |
217.0 |
- |
- |
- |
|
Total Debt Reduction |
-232.1 |
-166.2 |
- |
- |
- |
|
Issuance (Retirement) of Debt, Net |
46.6 |
49.7 |
14.6 |
36.6 |
35.8 |
|
Cash from Financing Activities |
48.1 |
50.7 |
22.8 |
39.4 |
31.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-0.6 |
- |
- |
- |
|
Net Change in Cash |
-2.4 |
10.5 |
5.6 |
4.5 |
-2.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
29.3 |
17.5 |
10.1 |
7.2 |
11.3 |
|
Net Cash - Ending Balance |
26.9 |
28.0 |
15.7 |
11.7 |
8.5 |
|
Cash Interest Paid |
14.6 |
11.6 |
- |
- |
- |
|
Cash Taxes Paid |
2.7 |
1.1 |
- |
- |
- |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per share
items (actual units) |
|
No Financial Data
for Dongjin Semichem Co., Ltd.
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Finished Products |
- |
- |
262.1 |
244.9 |
220.0 |
|
Merchandise Revenues |
- |
- |
21.9 |
8.9 |
18.8 |
|
Sales Revenue |
412.9 |
365.7 |
- |
- |
- |
|
Total Revenue |
412.9 |
365.7 |
284.0 |
253.8 |
238.8 |
|
|
|
|
|
|
|
|
Costs of Goods and Services Sold |
365.7 |
304.7 |
- |
- |
- |
|
Cost-Finish Goods |
- |
- |
210.2 |
214.7 |
199.7 |
|
Merchandise Cost |
- |
- |
16.4 |
3.3 |
11.4 |
|
Salaries and Wages |
- |
- |
2.9 |
3.0 |
3.5 |
|
Bonuses |
- |
- |
0.7 |
0.7 |
0.9 |
|
Retirement Allowance |
- |
- |
0.4 |
0.3 |
0.2 |
|
Employee Benefits |
- |
- |
1.0 |
0.5 |
0.7 |
|
Travel Expenses |
- |
- |
0.1 |
0.1 |
0.1 |
|
Communication Exp. |
- |
- |
0.2 |
0.2 |
0.3 |
|
Utility Expenses |
- |
- |
0.0 |
0.0 |
0.0 |
|
Taxes and Dues |
- |
- |
0.3 |
0.4 |
0.3 |
|
Rental Expenses |
- |
- |
0.4 |
0.2 |
0.1 |
|
Repair Expenses |
- |
- |
0.0 |
0.3 |
0.0 |
|
Insurance Expenses |
- |
- |
0.1 |
0.2 |
0.1 |
|
Entertainment |
- |
- |
0.4 |
0.4 |
0.5 |
|
Overseas Mkt Develop |
- |
- |
1.4 |
1.1 |
1.1 |
|
Consumable Expense |
- |
- |
0.1 |
0.1 |
0.1 |
|
Printing Expenses |
- |
- |
0.1 |
0.2 |
0.2 |
|
Commissions Paid |
- |
- |
2.2 |
1.6 |
1.9 |
|
Other Exporting Exp |
- |
- |
5.4 |
6.0 |
6.6 |
|
Shipping/Handling |
- |
- |
1.6 |
1.3 |
1.6 |
|
Vehicle Expenses |
- |
- |
0.3 |
0.3 |
0.3 |
|
Expenses for Samples |
- |
- |
0.4 |
0.2 |
0.4 |
|
Amort. of Bad Debts |
- |
- |
0.1 |
0.1 |
0.1 |
|
Advertising Expenses |
- |
- |
0.2 |
0.3 |
0.4 |
|
Distribution Expense |
8.1 |
7.3 |
- |
- |
- |
|
Depreciation Expense |
- |
- |
1.0 |
0.8 |
1.4 |
|
Amort-Intangibles |
- |
- |
0.2 |
0.2 |
0.1 |
|
R & D Expenses |
11.8 |
11.2 |
11.1 |
4.3 |
2.8 |
|
Education & Training |
- |
- |
0.1 |
0.1 |
0.1 |
|
Miscellaneous Operating Expense |
- |
- |
0.0 |
0.1 |
0.6 |
|
Selling & General Administrative Expense |
19.3 |
15.9 |
- |
- |
- |
|
Rental Income |
-1.3 |
-1.8 |
- |
- |
- |
|
Miscellaneous Income |
-3.4 |
-1.8 |
- |
- |
- |
|
Reversal of Allowance for Doubtful Accou |
- |
0.0 |
- |
- |
- |
|
Gain on Disposal of Property, Plant and |
0.0 |
-0.1 |
- |
- |
- |
|
Gain on Disposal of Equity Method Securi |
- |
-0.5 |
- |
- |
- |
|
Gain on Disposal of Investment in Real E |
0.0 |
- |
- |
- |
- |
|
Gain on Disposal of Residual Products |
0.0 |
-0.2 |
- |
- |
- |
|
Donations Paid |
0.2 |
0.7 |
- |
- |
- |
|
Miscellaneous Loss |
0.3 |
0.9 |
- |
- |
- |
|
Loss on Disposal of Marketable Securitie |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Disposal of Property, Plant and |
0.1 |
0.2 |
- |
- |
- |
|
Loss on Disposal of Investment in Real E |
0.0 |
- |
- |
- |
- |
|
Impairment Loss on Property, Plant and E |
- |
0.0 |
- |
- |
- |
|
Impairment Loss on Intangible Assets |
0.7 |
- |
- |
- |
- |
|
Adjustment for Other Operating Income/Lo |
0.0 |
0.0 |
- |
- |
- |
|
Total Operating Expense |
401.6 |
336.6 |
257.3 |
241.1 |
235.2 |
|
|
|
|
|
|
|
|
Interest Income |
1.0 |
0.7 |
0.4 |
0.5 |
0.6 |
|
Rental Income |
- |
- |
0.3 |
0.2 |
0.6 |
|
Gain on Foreign Currency Transactions |
5.8 |
4.4 |
7.0 |
9.9 |
2.8 |
|
Gain on Foreign Currency Translation |
1.3 |
2.0 |
5.0 |
1.2 |
0.1 |
|
Fees and Commissions Received |
- |
- |
0.1 |
0.1 |
0.1 |
|
Gain on Financial Guarantee Contract |
0.1 |
0.1 |
- |
- |
- |
|
Other Non-Op Income |
- |
- |
3.1 |
1.6 |
1.2 |
|
G-Tang Asset Disp. |
- |
- |
0.2 |
0.0 |
8.2 |
|
G-Mkt Secs Disposal |
- |
- |
- |
- |
0.2 |
|
Gain on Investments in Affiliates |
0.7 |
0.5 |
- |
- |
- |
|
Recovery of Loan Loss Reserve |
- |
- |
0.1 |
- |
2.8 |
|
Interest Expense |
-15.2 |
-12.0 |
-10.8 |
-11.8 |
-9.9 |
|
Loss-Redemption of Debentures |
- |
- |
- |
-0.6 |
- |
|
L-Mkt Secs Disposal |
- |
- |
-0.6 |
0.0 |
0.0 |
|
L-Tang Asset Disp. |
- |
- |
-0.1 |
-1.2 |
-1.4 |
|
Loss-Disposal of Accounts Receivable |
- |
- |
- |
0.0 |
- |
|
Loss-Reduction of Development Expenses |
- |
- |
-3.3 |
- |
- |
|
Loss on Foreign Currency Transactions |
-7.8 |
-6.2 |
-6.8 |
-18.3 |
-1.6 |
|
Loss on Foreign Currency Translation |
-3.1 |
-3.3 |
-0.8 |
-16.4 |
-2.7 |
|
Loss on Financial Guarantee Contract |
-0.5 |
-0.2 |
- |
- |
- |
|
Loss-Valuation of Tangible Assets |
- |
- |
- |
-0.5 |
- |
|
Donations Paid |
- |
- |
-0.8 |
-0.2 |
-0.2 |
|
Bad Debt Expense |
- |
- |
- |
0.0 |
- |
|
Other Non-Operating Loss |
- |
- |
-0.8 |
-1.1 |
-0.4 |
|
Adj-Other Non-Operating Expense |
- |
0.0 |
- |
- |
- |
|
Net Income Before Taxes |
-6.4 |
15.2 |
18.8 |
-24.0 |
3.9 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-0.3 |
1.6 |
0.7 |
-0.5 |
1.2 |
|
Net Income After Taxes |
-6.1 |
13.6 |
18.2 |
-23.5 |
2.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.6 |
-0.3 |
-0.4 |
1.0 |
0.3 |
|
Net Income Before Extra. Items |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
Net Income |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
42.0 |
42.0 |
40.2 |
37.6 |
37.6 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.16 |
0.32 |
0.44 |
-0.60 |
0.08 |
|
Basic EPS Including ExtraOrdinary Item |
-0.16 |
0.32 |
0.44 |
-0.60 |
0.08 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
-6.7 |
13.3 |
17.8 |
-22.5 |
3.0 |
|
Diluted Weighted Average Shares |
42.0 |
42.0 |
40.9 |
37.6 |
37.6 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.16 |
0.32 |
0.44 |
-0.60 |
0.08 |
|
Diluted EPS Including ExtraOrd Items |
-0.16 |
0.32 |
0.44 |
-0.60 |
0.08 |
|
DPS-Common Stock |
0.02 |
0.05 |
0.05 |
0.05 |
0.05 |
|
Gross Dividends - Common Stock |
0.9 |
2.2 |
2.0 |
1.7 |
2.0 |
|
Normalized Income Before Taxes |
-5.6 |
15.1 |
18.8 |
-22.8 |
-2.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.0 |
1.6 |
0.7 |
-0.1 |
-1.2 |
|
Normalized Income After Taxes |
-5.6 |
13.6 |
18.1 |
-22.8 |
-1.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-6.2 |
13.3 |
17.7 |
-21.7 |
-1.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.15 |
0.32 |
0.44 |
-0.58 |
-0.04 |
|
Diluted Normalized EPS |
-0.15 |
0.32 |
0.43 |
-0.58 |
-0.04 |
|
R&D Expense, Supplemental |
11.8 |
11.2 |
11.1 |
4.3 |
2.8 |
|
Advertising Expense |
0.2 |
0.3 |
0.2 |
0.3 |
0.4 |
|
Interest Expense, Supplemental |
15.2 |
12.0 |
10.8 |
11.8 |
9.9 |
|
Amort of Intangibles, Supplemental |
2.8 |
2.4 |
1.3 |
1.8 |
1.9 |
|
Rental Expense, Supplemental |
1.7 |
0.8 |
0.4 |
0.2 |
0.1 |
|
Depreciation, Supplemental |
18.8 |
16.8 |
15.9 |
18.1 |
19.1 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
No Financial Data for
Dongjin Semichem Co., Ltd.
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Cash Equivalents |
25.9 |
28.6 |
17.2 |
10.2 |
8.4 |
|
ST Finl Assets |
- |
0.2 |
0.7 |
0.5 |
3.2 |
|
ST Marketable Secs. |
- |
- |
- |
0.0 |
0.0 |
|
Trade Receivables |
76.3 |
79.7 |
47.5 |
29.8 |
26.8 |
|
Doubtful Account |
-0.7 |
-0.5 |
-0.7 |
-0.7 |
-0.5 |
|
Current Loans |
0.0 |
0.0 |
- |
- |
- |
|
Account Receivables |
4.9 |
5.0 |
3.6 |
3.5 |
3.1 |
|
Accrued Income |
0.1 |
0.1 |
0.2 |
0.2 |
0.4 |
|
Advance Payments |
2.6 |
2.3 |
4.8 |
3.6 |
3.5 |
|
Prepaid Expenses |
1.4 |
2.4 |
1.0 |
1.3 |
1.0 |
|
Dfrd Taxes |
- |
- |
1.3 |
1.1 |
0.5 |
|
Prepaid Taxes |
- |
- |
0.6 |
0.1 |
0.4 |
|
Current Tax Assets |
0.4 |
0.0 |
- |
- |
- |
|
Prepaid VAT |
- |
- |
0.0 |
0.0 |
0.1 |
|
Finished Goods |
13.4 |
11.1 |
13.7 |
9.9 |
9.5 |
|
Allowance for Loss on Valuation of Finis |
-1.0 |
-0.6 |
- |
- |
- |
|
Merchandise |
10.8 |
6.7 |
1.4 |
1.1 |
2.4 |
|
Works in Process |
6.8 |
6.8 |
5.8 |
5.7 |
6.2 |
|
Allowance for Loss on Valuation of Works |
-0.9 |
-0.5 |
- |
- |
- |
|
Raw Materials |
29.1 |
27.4 |
18.6 |
16.8 |
19.1 |
|
Allowance for Loss on Valuation of Raw M |
-1.3 |
-1.4 |
- |
- |
- |
|
Stored Goods |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Goods in Transit |
5.1 |
4.2 |
1.9 |
4.3 |
1.7 |
|
Adjustment for Trade & Other Receivables |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Inventories |
- |
0.0 |
- |
- |
- |
|
Adjustment for Other Current Assets |
0.0 |
0.0 |
- |
- |
- |
|
Total Current Assets |
173.0 |
171.8 |
117.6 |
87.5 |
85.9 |
|
|
|
|
|
|
|
|
LT Finl Assets |
0.5 |
0.4 |
0.3 |
0.0 |
0.4 |
|
Investment in Properties |
13.3 |
17.2 |
- |
- |
- |
|
LT Invest Secs. |
- |
- |
8.3 |
4.0 |
4.5 |
|
Non-Current Trade Receivables |
1.0 |
1.2 |
1.4 |
2.5 |
3.8 |
|
Allowance for Doubtful Accounts for Non- |
0.0 |
0.0 |
- |
- |
- |
|
Present Value Discount for Non-Current T |
-0.1 |
-0.2 |
- |
- |
- |
|
Non-Current Loans |
2.1 |
4.5 |
1.9 |
1.6 |
4.5 |
|
Present Value Discount for Non-Current L |
-0.3 |
-1.1 |
- |
- |
- |
|
Non-Current Securities Available-for-Sal |
2.6 |
2.0 |
- |
- |
- |
|
Guarantee Deposits, Non-Current Assets |
1.4 |
0.9 |
1.8 |
1.5 |
3.5 |
|
Non-Current Deferred Income Taxes Assets |
11.0 |
9.5 |
1.7 |
0.9 |
4.5 |
|
Other Inv Assets |
- |
- |
- |
3.0 |
3.0 |
|
Equity Method Securities |
3.8 |
3.4 |
- |
- |
4.0 |
|
Non-Current Advance Payments |
1.5 |
1.2 |
0.8 |
2.1 |
- |
|
Non-Current Prepaid Expenses |
1.9 |
1.2 |
- |
- |
- |
|
Land |
56.8 |
55.4 |
62.6 |
45.7 |
24.6 |
|
Buildings |
52.2 |
48.0 |
47.4 |
40.1 |
40.2 |
|
Buildings Depre. |
-8.9 |
-7.7 |
-7.4 |
-5.7 |
-6.2 |
|
Structures |
9.4 |
7.5 |
6.2 |
5.6 |
6.3 |
|
Structure Depre. |
-4.0 |
-3.6 |
-3.1 |
-2.6 |
-3.2 |
|
Machinery/Equip. |
174.2 |
166.2 |
183.0 |
158.9 |
187.9 |
|
Mach/Equip Depre |
-97.2 |
-87.2 |
-95.3 |
-78.2 |
-87.7 |
|
Mach/Equip - Gov't Subsidy |
- |
- |
-0.7 |
-0.6 |
-0.6 |
|
Transport Equip. |
4.3 |
3.6 |
3.0 |
2.8 |
3.4 |
|
Transport Deprec |
-2.4 |
-2.0 |
-2.0 |
-2.0 |
-2.3 |
|
Tools/Equipments |
39.7 |
35.6 |
30.7 |
23.4 |
25.6 |
|
Tool/Equip Depr. |
-28.4 |
-24.1 |
-19.5 |
-14.7 |
-16.3 |
|
Tools/Equipments - Gov't Subsidy |
- |
- |
-1.2 |
-0.8 |
-1.3 |
|
Fixtures |
9.1 |
8.0 |
7.1 |
5.9 |
7.1 |
|
Deprec. Fixtures |
-6.6 |
-6.1 |
-5.4 |
-4.4 |
-5.1 |
|
Capital Lease Asts |
18.1 |
3.9 |
10.6 |
7.5 |
9.1 |
|
Dep-Capital Lease |
-0.5 |
-0.7 |
-7.2 |
-6.0 |
-6.1 |
|
Machines in Transit |
0.0 |
0.0 |
- |
- |
- |
|
Construc in Prog |
30.5 |
18.6 |
4.2 |
4.5 |
21.0 |
|
Other Tangible Assets |
0.0 |
0.0 |
0.2 |
- |
- |
|
Other Tangibles-Depreciation |
0.0 |
0.0 |
0.0 |
- |
- |
|
Indust.-Patent |
2.0 |
3.2 |
3.7 |
2.9 |
1.3 |
|
Development Costs |
12.4 |
10.6 |
9.3 |
10.9 |
12.9 |
|
Software |
3.3 |
2.7 |
1.1 |
1.3 |
1.4 |
|
Other Intangible Assets |
5.1 |
3.8 |
- |
- |
- |
|
Land Usufruct |
- |
- |
0.9 |
0.9 |
0.5 |
|
Other Non-Current Assets |
- |
0.0 |
- |
0.2 |
- |
|
Other Fixed Assets |
- |
- |
0.2 |
0.2 |
- |
|
Adjustment for Non-Current Trade & Other |
0.0 |
0.0 |
- |
- |
- |
|
Adj-Property, Plant & Equipment, Net |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Intangible Assets |
0.0 |
- |
- |
- |
- |
|
Adjustment for Other Non-Current Assets |
- |
0.0 |
- |
- |
- |
|
Total Assets |
480.7 |
447.5 |
362.5 |
298.9 |
326.4 |
|
|
|
|
|
|
|
|
Trade Payables |
18.8 |
20.1 |
18.3 |
6.2 |
14.6 |
|
Current Borrowings |
232.8 |
193.1 |
140.7 |
124.0 |
101.4 |
|
Accounts Payable |
7.2 |
8.1 |
6.5 |
7.7 |
3.6 |
|
Advance from Customers |
0.3 |
0.9 |
2.7 |
6.1 |
3.0 |
|
Unearned Income |
0.1 |
0.1 |
- |
- |
- |
|
Deposit Withheld |
0.2 |
0.2 |
0.3 |
0.2 |
0.2 |
|
Current Tax Liabilities |
0.6 |
1.0 |
- |
0.4 |
0.5 |
|
Accrued Expenses |
1.6 |
1.4 |
- |
- |
- |
|
Other Accrued Expenses |
2.5 |
2.7 |
3.9 |
4.5 |
4.4 |
|
Bonds, Current Liabilities |
24.7 |
20.2 |
- |
- |
- |
|
Current LT Liabs. |
- |
- |
30.5 |
29.1 |
7.3 |
|
Current Capital Lease Payables |
2.7 |
0.9 |
- |
- |
- |
|
Adjustment for Trade & Other Payables |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Current Borrowings |
- |
0.0 |
- |
- |
- |
|
Adjustment for Other Current Liabilities |
- |
- |
- |
- |
- |
|
Total Current Liabilities |
291.3 |
248.7 |
202.9 |
178.2 |
135.0 |
|
|
|
|
|
|
|
|
Non-Current Borrowings |
49.8 |
56.9 |
46.3 |
40.0 |
46.3 |
|
Capital Leases |
5.9 |
0.3 |
1.2 |
0.7 |
1.5 |
|
Bonds |
5.5 |
6.0 |
- |
- |
26.7 |
|
Bonds with Warrant |
- |
- |
- |
- |
9.7 |
|
Adjustment for Non-current Borrowings |
0.0 |
0.0 |
- |
- |
- |
|
Total Long Term Debt |
61.1 |
63.3 |
47.5 |
40.7 |
84.2 |
|
|
|
|
|
|
|
|
Financial Guarantee Contracts Liabilitie |
0.6 |
0.2 |
- |
- |
- |
|
LT Acc'ts Payable |
- |
- |
4.8 |
4.1 |
5.2 |
|
Other Non-Current Liabilities |
6.8 |
5.7 |
- |
- |
- |
|
Retirement & Severance Benefits, Non-Cur |
4.3 |
5.1 |
11.7 |
4.3 |
5.0 |
|
Rental Secur Dep |
0.2 |
1.4 |
1.3 |
1.2 |
0.7 |
|
Deferred Income Taxes, Non-Current Liabi |
0.2 |
0.2 |
- |
- |
- |
|
Minority Interests |
3.8 |
3.3 |
1.1 |
0.3 |
1.3 |
|
Plan Assets |
- |
- |
-7.2 |
- |
- |
|
Transfer to National Pension Fund |
- |
- |
0.0 |
- |
- |
|
Adjustment for Non-Current Trade & Other |
0.0 |
0.0 |
- |
- |
- |
|
Total Liabilities |
368.3 |
328.0 |
262.0 |
228.7 |
231.5 |
|
|
|
|
|
|
|
|
Common Stock |
18.2 |
18.5 |
18.1 |
14.9 |
20.1 |
|
Additional Paid in Capital |
50.5 |
51.3 |
50.0 |
39.4 |
53.0 |
|
Other Capital Surplus |
0.1 |
0.1 |
0.2 |
0.9 |
1.2 |
|
Legal Reserve |
- |
- |
3.3 |
2.9 |
3.6 |
|
Reserv-Voluntary |
- |
- |
6.0 |
5.6 |
7.5 |
|
Tech Devel Reser |
- |
- |
0.1 |
0.2 |
0.6 |
|
Retained Carried |
- |
- |
-2.4 |
-18.8 |
4.1 |
|
Retained Earnings or Accumulated Deficit |
15.9 |
23.5 |
- |
- |
- |
|
Gain on Sale of Tangible Assets |
16.9 |
17.1 |
16.7 |
15.4 |
- |
|
Reserve for Assets Revaluation |
7.9 |
8.1 |
7.8 |
7.3 |
10.5 |
|
Overseas Business Translation Credit |
2.8 |
0.8 |
0.7 |
2.4 |
-5.7 |
|
Capital Change, Equity Method |
0.0 |
-0.1 |
- |
- |
- |
|
Discounts on Stock Issuance |
0.0 |
0.0 |
- |
- |
- |
|
Gains on Disposal of Treasury Stock |
0.1 |
0.1 |
- |
- |
- |
|
Adjustment for Other Paid-in Capital |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Other Capital Items |
0.0 |
0.0 |
- |
- |
- |
|
Total Equity |
112.4 |
119.5 |
100.5 |
70.2 |
95.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
480.7 |
447.5 |
362.5 |
298.9 |
326.4 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
42.0 |
42.0 |
42.0 |
37.6 |
37.6 |
|
Total Common Shares Outstanding |
42.0 |
42.0 |
42.0 |
37.6 |
37.6 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Revenue, Current |
0.3 |
1.0 |
2.7 |
6.1 |
3.0 |
|
Accumulated Intangible Amort, Suppl. |
10.9 |
7.5 |
- |
- |
- |
|
Full-Time Employees |
801 |
707 |
648 |
544 |
528 |
|
Number of Common Shareholders |
5,940 |
- |
8,938 |
7,137 |
6,069 |
|
LT Debt 1 yr |
24.7 |
- |
29.4 |
28.7 |
- |
|
LT Debt 2 yrs |
21.6 |
- |
10.0 |
7.3 |
- |
|
LT Debt 3 yrs |
- |
- |
10.9 |
8.0 |
- |
|
LT Debt 4 yrs |
- |
- |
9.4 |
6.7 |
- |
|
LT Debt 5 yrs |
32.9 |
- |
- |
8.0 |
- |
|
LT Debt thereafter |
0.8 |
- |
16.0 |
10.0 |
- |
|
Total Long Term Debt, Supplemental |
80.0 |
- |
75.8 |
68.7 |
- |
|
Capital Lse 1 yr |
- |
- |
1.1 |
0.4 |
- |
|
Capital Lse 2 yrs |
- |
- |
1.0 |
0.4 |
- |
|
Capital Lease 3 Yrs |
- |
- |
0.1 |
0.3 |
- |
|
Total Capital Leases |
- |
- |
2.3 |
1.1 |
- |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
No Financial Data
for Dongjin Semichem Co., Ltd.
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Reclassified
Normal |
Reclassified
Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
-6.1 |
13.6 |
18.2 |
-23.5 |
2.7 |
|
Depreciation |
18.8 |
16.8 |
15.9 |
18.1 |
19.1 |
|
Amort. Intangible |
2.8 |
2.4 |
1.3 |
1.8 |
1.9 |
|
Recovery of Provision for Doubtful Ac |
- |
- |
-0.1 |
-0.4 |
-3.4 |
|
Expenses of Allowance for Doubtful Accou |
- |
- |
0.1 |
0.6 |
- |
|
Retirement Allowance |
3.0 |
2.5 |
2.5 |
2.1 |
2.7 |
|
Depreciation of Investment Properties |
0.1 |
0.2 |
- |
- |
- |
|
Accrued Interest Expense |
- |
- |
- |
0.4 |
- |
|
Loss-Foreign Exchange Transaction |
- |
- |
- |
0.4 |
- |
|
Amort Discount Value |
- |
- |
- |
- |
0.0 |
|
L-For Exch Translatn |
3.1 |
3.3 |
0.8 |
15.5 |
2.7 |
|
Loss-Redemption of Bond |
- |
- |
- |
0.6 |
- |
|
Loss on Disposal of Property, Plant and |
0.1 |
0.2 |
0.1 |
1.2 |
1.4 |
|
Impairment Loss on Property, Plant and E |
- |
0.0 |
- |
- |
- |
|
L-Mkt Secs Disposal |
- |
- |
0.6 |
0.0 |
0.0 |
|
Loss-Valuation of Tangible Assets |
- |
- |
- |
0.5 |
- |
|
Impairment Loss on Intangible Assets |
0.7 |
- |
- |
- |
- |
|
L-Value Finished Goods |
- |
- |
- |
1.3 |
0.1 |
|
Loss on Invesment in Affiliates |
0.1 |
- |
- |
- |
- |
|
G-For Exch Translatn |
-1.3 |
-2.0 |
-5.0 |
-0.6 |
-0.1 |
|
Gain-Disposal of Treasury Stock |
- |
- |
- |
0.0 |
- |
|
Corporate Taxes Expense |
-0.3 |
1.6 |
- |
- |
- |
|
Finance Expense |
15.2 |
12.0 |
- |
- |
- |
|
Other Added Expense |
0.5 |
0.6 |
- |
- |
- |
|
Gain on Invesment in Affiliates |
-0.8 |
-0.5 |
- |
- |
- |
|
Gain on Disposal of Investment Propertie |
0.0 |
- |
- |
- |
- |
|
Gain on Disposal of Investment in Affili |
- |
-0.5 |
- |
- |
- |
|
G-Tang Asset Disp. |
0.0 |
-0.1 |
-0.2 |
0.0 |
-8.2 |
|
Gain on Return of Membership Rights |
- |
- |
- |
- |
-0.2 |
|
Finance Income |
-1.0 |
-0.7 |
- |
- |
- |
|
Other Deducted Income |
0.3 |
-0.7 |
- |
- |
- |
|
Trade & Other Receviables |
3.1 |
-26.9 |
- |
- |
- |
|
Decrease or Increase in Trade Receivable |
- |
- |
-14.0 |
-0.8 |
-3.0 |
|
Decrease or Increase in Long-term Trade |
- |
- |
2.2 |
- |
- |
|
Acct Rcvbl |
- |
- |
0.2 |
-0.8 |
-0.4 |
|
Accrued Inc |
- |
- |
0.0 |
0.2 |
-0.1 |
|
Advanced Payment |
- |
- |
-0.8 |
-1.4 |
-0.1 |
|
Prepaid Exp |
- |
- |
0.4 |
-0.2 |
-0.2 |
|
Prepaid Income Taxes |
- |
- |
-0.4 |
- |
- |
|
Prepaid Value Added Taxes |
- |
- |
0.0 |
- |
- |
|
LT Advance Payment |
- |
- |
1.3 |
- |
- |
|
Inventory |
-11.9 |
-15.7 |
-0.5 |
-10.3 |
-6.3 |
|
Other Current Assets |
2.1 |
0.4 |
- |
- |
- |
|
Decrease in Other Non-Current Assets |
-1.1 |
-0.8 |
- |
- |
- |
|
Deferred Taxes-Asset |
- |
- |
-0.9 |
-3.0 |
0.6 |
|
Trade & Other Payables |
-3.6 |
8.9 |
- |
- |
- |
|
Trade Pay |
- |
- |
10.5 |
-16.9 |
-3.6 |
|
Account Payables |
- |
- |
-2.1 |
7.5 |
-1.5 |
|
Increase or Decrease in Long-term Other |
- |
- |
0.3 |
- |
- |
|
Advances Rcvd |
- |
- |
-3.5 |
2.4 |
-0.2 |
|
LT Advance Received |
- |
- |
- |
- |
1.7 |
|
Deposits Withheld |
- |
- |
0.1 |
0.0 |
0.0 |
|
Accrued Exp. |
- |
- |
-0.8 |
1.3 |
-0.1 |
|
Accrued Income Taxes |
- |
- |
- |
0.2 |
0.5 |
|
Plan Assets |
0.1 |
-0.6 |
- |
- |
- |
|
Payment for Retirement Allowance |
-2.1 |
-1.9 |
-1.2 |
-1.0 |
-1.2 |
|
Retirement & Severance Benefits from Aff |
0.0 |
- |
- |
- |
- |
|
Retirement & Severance Benefits from Aff |
0.0 |
- |
- |
- |
- |
|
Natl Pension |
- |
- |
0.0 |
0.0 |
0.0 |
|
Dep for Ret Ins |
- |
- |
- |
1.6 |
0.9 |
|
Retirement Pension Operation Assets |
- |
- |
-1.5 |
-2.2 |
-1.6 |
|
Other Current Liabilities |
-0.7 |
0.2 |
- |
- |
- |
|
Other Operating Assets & Liabilities |
0.6 |
1.2 |
- |
- |
- |
|
Cash-Interest Received |
0.9 |
0.4 |
- |
- |
- |
|
Cash-Interest Paid |
-14.6 |
-11.6 |
- |
- |
- |
|
Cash-Tax Refunded |
0.2 |
0.1 |
- |
- |
- |
|
Cash-Tax Paid |
-2.9 |
-1.2 |
- |
- |
- |
|
Cash-Dividend Income |
0.2 |
0.2 |
- |
- |
- |
|
Cash from Operating Activities |
5.5 |
1.3 |
23.4 |
-5.6 |
4.2 |
|
|
|
|
|
|
|
|
op |
0.2 |
0.7 |
0.4 |
2.7 |
- |
|
Disposal-ST Marketable Securities |
- |
- |
0.0 |
- |
- |
|
Disposal of Investment Properties |
3.7 |
- |
- |
- |
- |
|
Dec. Other Inv Asset |
- |
- |
- |
1.1 |
0.1 |
|
Disp of Invest Secs. |
- |
- |
- |
0.3 |
0.0 |
|
Disposal of Investment in Affiliates |
- |
0.8 |
- |
- |
- |
|
Decrease in Current Loans |
0.0 |
- |
- |
- |
- |
|
Decrease in Non-Current Loans |
2.4 |
0.4 |
0.0 |
0.4 |
0.4 |
|
Dec-Guarantee Dep |
- |
- |
- |
2.0 |
0.1 |
|
Dec-Lease Guarantee |
- |
- |
-0.2 |
-0.1 |
-2.2 |
|
Decr.-LT Acct Rcvbl |
- |
- |
- |
0.0 |
1.1 |
|
Decrease-Other Non-Current Liabilities |
- |
- |
0.1 |
0.0 |
- |
|
Disposal Vehicles |
- |
- |
0.1 |
0.0 |
0.0 |
|
Proceeds from Sale of Land |
- |
- |
- |
- |
13.2 |
|
Disposal Mach./Equip |
- |
- |
0.5 |
0.1 |
0.0 |
|
Disposal-Tools & Supplies |
- |
- |
0.9 |
0.0 |
0.0 |
|
Proceeds from Sale of Construction in Pr |
- |
- |
1.9 |
- |
0.0 |
|
Disposal of Property, Plant and Equipmen |
0.4 |
0.7 |
- |
- |
- |
|
Inc-Lease Guarantee |
- |
- |
0.0 |
2.5 |
0.0 |
|
Incr-LT Acc'ts Payable |
- |
- |
0.3 |
0.3 |
1.1 |
|
Incr-Gov't Subsidy |
- |
- |
- |
- |
0.4 |
|
Increase in Current Loans |
- |
0.0 |
- |
- |
- |
|
Increase in Non-Current Loans |
-0.4 |
-0.1 |
-0.2 |
- |
0.0 |
|
Increase-LT Advanced Payment |
- |
- |
- |
-2.4 |
- |
|
Increase-Other LT Assets |
- |
- |
-0.1 |
0.0 |
- |
|
Inc in Guarant Depos |
- |
- |
-0.2 |
-1.5 |
-0.4 |
|
Disposal of Intangible Assets |
- |
0.0 |
- |
- |
- |
|
Decrease in Membership Rights |
- |
- |
- |
0.1 |
0.4 |
|
Purchase of Current Financial Assets |
0.0 |
-0.1 |
-0.5 |
-0.6 |
-3.2 |
|
Inc-LT Finl Assets |
-0.1 |
-0.1 |
-0.3 |
0.0 |
0.0 |
|
Inc Other Invt Ast |
- |
- |
- |
-0.5 |
-3.8 |
|
Increase-Investment Securities |
- |
- |
-3.5 |
- |
- |
|
Acq-Securities under Equity Method |
- |
- |
- |
- |
-4.8 |
|
Purchase of Securities Available-for-Sal |
-0.7 |
-0.6 |
- |
- |
- |
|
Purchase of ST Financial Asset-FV |
0.0 |
0.0 |
- |
- |
- |
|
Purchase of Land |
- |
- |
- |
-3.6 |
- |
|
Acquis. of Building |
- |
- |
-0.4 |
-0.5 |
-0.1 |
|
Purch. of Structure |
- |
- |
-0.2 |
0.0 |
0.0 |
|
Purch. of Machinery |
- |
- |
-8.9 |
-3.5 |
-4.8 |
|
Acq. of Vehicles |
- |
- |
-0.4 |
-0.3 |
-0.2 |
|
Acq. in Tools/Equip. |
- |
- |
-1.0 |
-1.8 |
0.0 |
|
Acquis. of Fixtures |
- |
- |
-0.6 |
-0.7 |
-0.6 |
|
Acq. Const. In Prog |
- |
- |
-25.5 |
-19.7 |
-29.1 |
|
Acq of Capital Lease |
- |
- |
- |
- |
-0.2 |
|
Purchase of Property, Plant and Equipmen |
-53.4 |
-35.8 |
- |
- |
- |
|
Purchase of Intangible Assets |
-8.2 |
-6.8 |
-1.2 |
-2.9 |
-0.3 |
|
Increase in R&D Cost |
- |
- |
-1.6 |
-0.3 |
-4.2 |
|
Acquisition of Software |
- |
- |
-0.1 |
-0.6 |
-0.9 |
|
Cash from Investing Activities |
-56.1 |
-40.9 |
-40.6 |
-29.3 |
-38.0 |
|
|
|
|
|
|
|
|
Increase in Borrowings |
276.8 |
217.0 |
- |
- |
- |
|
Increase-Bond |
- |
- |
18.9 |
- |
- |
|
Inc in LT Borrowings |
- |
- |
8.5 |
10.9 |
22.0 |
|
Issuance of Bonds with Warrant |
- |
- |
- |
- |
10.8 |
|
Increase in Capital Lease Liabilities |
4.9 |
- |
1.8 |
- |
2.4 |
|
Capital Increase |
- |
- |
7.8 |
- |
- |
|
Proceeds from ST Borrowing |
- |
- |
124.4 |
152.3 |
118.0 |
|
Disposal-Treasury Stock |
- |
- |
- |
0.0 |
- |
|
Rights Issue |
- |
0.8 |
- |
- |
- |
|
Decrease in Borrowings |
-232.1 |
-166.2 |
- |
- |
- |
|
Dec of ST Borrowings |
- |
- |
-117.2 |
-106.3 |
-115.0 |
|
Dividend Paid |
-2.3 |
-2.2 |
-1.5 |
-1.9 |
-2.0 |
|
Dec-Curr LT Liabs |
- |
- |
- |
- |
-2.9 |
|
Decrease in Capital Lease Liabilities |
-3.0 |
-1.1 |
- |
- |
- |
|
Dec in LT Borrowings |
- |
- |
-21.8 |
-11.1 |
-2.4 |
|
Redemption-Bond with Warrant |
- |
- |
- |
-9.1 |
- |
|
Expense for Bond Issuance |
- |
- |
- |
- |
-0.2 |
|
Cash Outflow-Consolidation Scope Change |
- |
- |
- |
3.9 |
- |
|
Cash Inflow from Other Financing Activit |
7.9 |
6.5 |
1.9 |
0.7 |
0.4 |
|
Cash Outflow from Other Financing Activi |
-5.0 |
-4.3 |
- |
- |
- |
|
Other Increase/Decrease |
1.0 |
0.2 |
- |
- |
- |
|
Cash from Financing Activities |
48.1 |
50.7 |
22.8 |
39.4 |
31.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-0.6 |
- |
- |
- |
|
Net Change in Cash |
-2.4 |
10.5 |
5.6 |
4.5 |
-2.8 |
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning |
29.3 |
17.5 |
10.1 |
7.2 |
11.3 |
|
Cash and Cash Equivalents at End |
26.9 |
28.0 |
15.7 |
11.7 |
8.5 |
|
Cash Interest Paid |
14.6 |
11.6 |
- |
- |
- |
|
Cash Taxes Paid |
2.7 |
1.1 |
- |
- |
- |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
No Financial Data
for Dongjin Semichem Co., Ltd.
|
|
|
Financials in: As Reported (mil)
|
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|
|
|
Financials in: As Reported (mil)
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
|
1 |
Rs.87.54 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.