MIRA INFORM REPORT

Report Date :

03.02.2012

IDENTIFICATION DETAILS

Name :	SEMYUNG ELECTRIC MACHINERY CO., LTD.
Registered Office :	263-2, Hakjang-Dong, Sahsang-G, Busan, 617-020
Country :	South korea
Financials (as on) :	31.12.2010
Date of Incorporation :	03.02.1984
Legal Form :	Public Independent
Line of Business :	manufacturing of electrical fittings
No. of Employees :	106

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No Complaints
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 31^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
South korea	a1	a1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Bottom of Form

Company name & address

Semyung Electric Machinery Co., Ltd.

263-2, Hakjang-Dong, Sahsang-G

Busan, 617-020

Korea, Republic of

Tel: 82-51-3166887

Fax: 82-51-3243995

Web: www.semyung-elec.com

SYNTHESIS

Employees: 106

Company Type: Public Independent

Traded:

KOSDAQ: 017510

Incorporation Date: 03-Feb-1984

Auditor: Deloitte & Touche LLP

Financials in: USD (Millions)

Fiscal Year End: 31-Dec-2010

Reporting Currency: South Korean Won

Annual Sales: 13.9 1

Net Income: 1.6

Total Assets: 51.8 2

Market Value: 76.5

(22-Jul-2011)

Business Description

Semyung Electric Machinery Co., Ltd. is a Korea-based company primarily engaged in the manufacturing of electrical fittings. The Company's products include transmission line fittings used in electric equipment, sectional beams applied to textile industry, trolley wire equipment used for railway and subway engineering business, and manifolders used as automobile engine and power transmission components. For the fiscal year ended December 2010, Semyung Electric Machinery Co., Ltd.'s revenues increased 14% to W16.10B. Net income decreased 9% to W1.87B. Revenues reflect increased domestic demands for automobile components. Net income for the period was offset by decreased interest income, increased loss on foreign exchange transactions, as well as decreased gain on disposal of tangible assets and increased loss on securities available for sale.

Industry

Industry Electronic Instruments and Controls

ANZSIC 2006: 3494 - Other Electrical and Electronic Goods Wholesaling

NACE 2002: 5187 - Wholesale of other machinery for use in industry, trade and navigation

NAICS 2002: 42361 - Electrical Apparatus and Equip., Wiring Supplies, and Related Equip. Wholesalers

UK SIC 2003: 5187 - Wholesale of other machinery for use in industry, trade and navigation

US SIC 1987: 5063 - Electrical Apparatus and Equipment Wiring Supplies, and Construction Materials

Key Executives

Name	Title
Jae Gi Gwon	Co-Chief Executive Officer, Director
Dae Hyeon Lee	Internal Auditor
Jae Ki Kwon	Chief Executive Officer
Sang Yong Shim	Co-Assistant Managing Director
Jae Ryong Gwon	Director

Significant Developments

Topic	#*	Most Recent Headline	Date
Strategic Combinations	1	Semyung Electric Machinery Co., Ltd. Named as Business Partner for Tramway Material Localization Business	22-Feb-2011
Business Deals	4	Semyung Electric Machinery Co., Ltd. Signs Contracts with Korea Electric Power Corporation	11-Apr-2011
Dividends	1	Semyung Electric Machinery Co., Ltd. Declares Annual Cash Dividend for FY 2010	18-Feb-2011

* number of significant developments within the last 12 months

Financial Summary

As of 31-Mar-2011

Key Ratios	Company	Industry
Current Ratio (MRQ)	2.23	2.32
Quick Ratio (MRQ)	1.70	1.43
Debt to Equity (MRQ)	0.03	0.56
Sales 5 Year Growth	0.04	8.07
Net Profit Margin (TTM) %	16.69	6.72
Return on Assets (TTM) %	4.76	5.54
Return on Equity (TTM) %	5.81	13.32

Stock Snapshot

Traded: KOSDAQ: 017510

As of 22-Jul-2011

   Financials in: KRW

Recent Price	5,280.00	EPS	122.35
52 Week High	8,150.00	Price/Sales	5.00
52 Week Low	4,440.00	Dividend Rate	70.00
Avg. Volume (mil)	0.34	Price/Earnings	30.37
Market Value (mil)	80,498.88	Price/Book	1.63
		Beta	1.13

	Price % Change	Rel S&P 500%
4 Week	14.78%	10.52%
13 Week	1.73%	2.98%
52 Week	-4.00%	-23.26%
Year to Date	-11.26%	-16.17%

1 - Profit & Loss Item Exchange Rate: USD 1 = KRW 1156.282

2 - Balance Sheet Item Exchange Rate: USD 1 = KRW 1134.9

Corporate Overview

Location

263-2, Hakjang-Dong, Sahsang-G

Busan, 617-020

Korea, Republic of

Tel: 82-51-3166887

Fax: 82-51-3243995

Web: www.semyung-elec.com

Quote Symbol - Exchange

017510 - KOSDAQ

Sales KRW(mil): 16,095.3

Assets KRW(mil): 58,791.2

Employees: 106

Fiscal Year End: 31-Dec-2010

Industry: Electronic Instruments and Controls

Incorporation Date: 03-Feb-1984

Company Type: Public Independent

Quoted Status: Quoted

Co-Chief Executive

Officer, Director: Cheol Hyeon Gwon

Company Web Links

· Company Contact/E-mail

· Corporate History/Profile

· Products/Services

Contents

· Industry Codes

· Business Description

· Financial Data

· Market Data

· Key Corporate Relationships

Industry Codes

ANZSIC 2006 Codes:

2432 - Electric Lighting Equipment Manufacturing

231 - Motor Vehicle and Motor Vehicle Part Manufacturing

2469 - Other Specialised Machinery and Equipment Manufacturing

3494 - Other Electrical and Electronic Goods Wholesaling

NACE 2002 Codes:

5187 - Wholesale of other machinery for use in industry, trade and navigation

3410 - Manufacture of motor vehicles

3162 - Manufacture of other electrical equipment not elsewhere classified

2954 - Manufacture of machinery for textile, apparel and leather production

NAICS 2002 Codes:

335932 - Noncurrent-Carrying Wiring Device Manufacturing

333292 - Textile Machinery Manufacturing

336312 - Gasoline Engine and Engine Parts Manufacturing

42361 - Electrical Apparatus and Equip., Wiring Supplies, and Related Equip. Wholesalers

US SIC 1987:

3644 - Noncurrent-Carrying Wiring Devices

3552 - Textile Machinery

3714 - Motor Vehicle Parts and Accessories

5063 - Electrical Apparatus and Equipment Wiring Supplies, and Construction Materials

UK SIC 2003:

5187 - Wholesale of other machinery for use in industry, trade and navigation

3410 - Manufacture of motor vehicles

3162 - Manufacture of other electrical equipment not elsewhere classified

2954 - Manufacture of machinery for textile, apparel and leather production

Business Description

Semyung Electric Machinery Co., Ltd. is a Korea-based company primarily engaged in the manufacturing of electrical fittings. The Company's products include transmission line fittings used in electric equipment, sectional beams applied to textile industry, trolley wire equipment used for railway and subway engineering business, and manifolders used as automobile engine and power transmission components. For the fiscal year ended December 2010, Semyung Electric Machinery Co., Ltd.'s revenues increased 14% to W16.10B. Net income decreased 9% to W1.87B. Revenues reflect increased domestic demands for automobile components. Net income for the period was offset by decreased interest income, increased loss on foreign exchange transactions, as well as decreased gain on disposal of tangible assets and increased loss on securities available for sale.

More Business Descriptions

Engine, Turbine and Power Transmission Equipment Manufacturing

Financial Data

Financials in:	KRW(mil)
Revenue:	16,095.3
Net Income:	1,871.9
Assets:	58,791.2
Long Term Debt:	100.9
Total Liabilities:	9,397.2
Working Capital:	12.7
Date of Financial Data:	31-Dec-2010

1 Year Growth

14.1%

-9.4%

5.1%

Market Data

Quote Symbol:	017510
Exchange:	KOSDAQ
Currency:	KRW
Stock Price:	5,280.0
Stock Price Date:	07-22-2011
52 Week Price Change %:	-4.0
Market Value (mil):	80,498,880.0
SEDOL:	6167114
ISIN:	KR7017510009
Equity and Dept Distribution:
All financials reflect non-consolidated numbers. FY'10 Q1 has CCA at I/S. 06/10 I/S CSP. FY'10 Q1 is RES.

Key Corporate Relationships

· Auditor: Deloitte & Touche LLP

· Auditor: Deloitte & Touche LLP

Semyung Electric Machinery Co., Ltd.

Executives Report

Board of Directors

Name	Title	Function
Si Hyeon Gwon	Director	Director/Board Member
B , Soongsil University
Cheol Hyeon Gwon	Co-Chief Executive Officer, Director	Director/Board Member
Reuters Biography (Semyung Electric Machinery Co., Ltd.) Gwon Cheol Hyeon has been Co-Chief Executive Officer and Director in Semyung Electric Machinery Co., Ltd since March 20, 2009. Previously, Gwon was Managing Director and Assistant Managing Director of the Company. Gwon holds a Bachelor's degree from National Institutes of Technology, Bhopal, India. B , National Institutes of Technology, Bhopal
Jae Ryong Gwon	Director	Director/Board Member
Shi Hyeon Gwon	Director	Director/Board Member
Jae Gi Gwon	Co-Chief Executive Officer, Director	Director/Board Member
Hong Chan Kim	Non-Executive Independent Director	Director/Board Member
Reuters Biography (Semyung Electric Machinery Co., Ltd.) Kim Hong Chan has been Non-Executive Independent Director of Semyung Electric Machinery Co., Ltd since March 14, 2008. Kim is a professor at Korea University, Korea. Kim holds a Bachelor's degree from Seoul National University, Korea. B , Seoul National University
Hong Chan Lee	Director	Director/Board Member

Executives

Name	Title	Function
Cheol Hyeon Gwon	Co-Chief Executive Officer, Director	Chief Executive Officer
Reuters Biography (Semyung Electric Machinery Co., Ltd.) Gwon Cheol Hyeon has been Co-Chief Executive Officer and Director in Semyung Electric Machinery Co., Ltd since March 20, 2009. Previously, Gwon was Managing Director and Assistant Managing Director of the Company. Gwon holds a Bachelor's degree from National Institutes of Technology, Bhopal, India. B , National Institutes of Technology, Bhopal
Jae Gi Gwon	Co-Chief Executive Officer, Director	Chief Executive Officer
Jae Ki Kwon	Chief Executive Officer	Chief Executive Officer
Sang Yong Shim	Co-Assistant Managing Director	Managing Director
Du Gwang Yoon	Assistant Managing Director	Managing Director
B , Hanyang University
Dae Hyeon Lee	Internal Auditor	Accounting Executive
B , Pusan National University

Significant Developments

Semyung Electric Machinery Co., Ltd. Signs Contracts with Korea Electric Power Corporation

Apr 11, 2011

Semyung Electric Machinery Co., Ltd. announced that it has signed two contracts with Korea Electric Power Corporation to supply insulator fittings and other items. The contract amounts are KRW 354,718,384 and KRW 2,331,581,808, respectively.

Semyung Electric Machinery Co., Ltd. Named as Business Partner for Tramway Material Localization Business

Feb 22, 2011

Semyung Electric Machinery Co., Ltd. announced that it has been named as one of the business partners by Korea Rail Network Authority to jointly provide tramway material .

Semyung Electric Machinery Co., Ltd. Declares Annual Cash Dividend for FY 2010

Feb 18, 2011

Semyung Electric Machinery Co., Ltd. announced that it has declared an annual cash dividend of KRW 70 per share of common stock to shareholders of record on December 31, 2010, for the fiscal year 2010. The dividend rate of market price is 1.2% and the total amount of the cash dividend is KRW 1,067,220,000.

Semyung Electric Machinery Co., Ltd. Signs Contracts with Korea Electric Power Corporation

Feb 08, 2011

Semyung Electric Machinery Co., Ltd. announced that it has signed a contract with Korea Electric Power Corporation to supply 487,401 eye shackles. The contract amount is KRW 1,511,917,902.

Semyung Electric Machinery Co., Ltd. Signs Contracts with Korea Electric Power Corporation

Jan 24, 2011

Semyung Electric Machinery Co., Ltd. announced that it has signed two contracts with Korea Electric Power Corporation to supply spacer damper and prefabricated jumper device. The contract amount is KRW 760,096,260 and KRW 829,857,600, respectively.

Semyung Electric Machinery Co., Ltd. Signs Contract with Korea Electric Power Corporation

Aug 06, 2010

Semyung Electric Machinery Co., Ltd. announced that it has signed a contract with Korea Electric Power Corporation to supply 92nd insulator clamp (6 DS-060G/S) and other eight types of the same. The contract amount is KRW 2,999,699,777.

Annual Income Statement

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1156.281981	1276.385219	1100.562842	929.183333	955.035724
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	PricewaterhouseCoopers LLP	Samil Accounting Corp.
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Net Sales	13.9	11.1	14.8	18.0	11.8
Revenue	13.9	11.1	14.8	18.0	11.8
Total Revenue	13.9	11.1	14.8	18.0	11.8
Cost of Revenue	12.6	9.6	11.2	14.2	10.5
Cost of Revenue, Total	12.6	9.6	11.2	14.2	10.5
Gross Profit	1.4	1.5	3.6	3.8	1.4
Selling/General/Administrative Expense	0.3	0.5	0.3	0.4	0.4
Labor & Related Expense	0.7	0.6	0.8	0.9	0.7
Advertising Expense	0.0	0.0	0.0	0.0	0.0
Total Selling/General/Administrative Expenses	1.0	1.1	1.1	1.3	1.1
Depreciation	0.1	0.0	0.1	0.1	0.1
Amortization of Intangibles	0.0	0.0	0.0	0.0	0.0
Depreciation/Amortization	0.1	0.1	0.2	0.1	0.1
Total Operating Expense	13.7	10.8	12.5	15.6	11.7
Operating Income	0.3	0.3	2.3	2.3	0.1
Interest Expense - Non-Operating	0.0	0.0	0.0	0.0	0.0
Interest Expense, Net Non-Operating	0.0	0.0	0.0	0.0	0.0
Interest Income - Non-Operating	0.2	0.4	0.5	0.5	0.3
Investment Income - Non-Operating	1.4	1.2	-0.5	-0.1	-0.2
Interest/Investment Income - Non-Operating	1.6	1.5	0.0	0.4	0.1
Interest Income (Expense) - Net Non-Operating Total	1.5	1.5	0.0	0.4	0.1
Gain (Loss) on Sale of Assets	0.0	0.0	0.0	0.0	0.0
Other Non-Operating Income (Expense)	0.2	-0.1	0.2	0.0	0.2
Other, Net	0.2	-0.1	0.2	0.0	0.2
Income Before Tax	2.0	1.7	2.4	2.6	0.4
Total Income Tax	0.4	0.1	0.9	0.6	0.0
Income After Tax	1.6	1.6	1.6	2.1	0.4
Net Income Before Extraord Items	1.6	1.6	1.6	2.1	0.4
Net Income	1.6	1.6	1.6	2.1	0.4
Income Available to Common Excl Extraord Items	1.6	1.6	1.6	2.1	0.4
Income Available to Common Incl Extraord Items	1.6	1.6	1.6	2.1	0.4
Basic/Primary Weighted Average Shares	15.2	15.2	15.2	15.2	15.2
Basic EPS Excl Extraord Items	0.11	0.11	0.10	0.14	0.03
Basic/Primary EPS Incl Extraord Items	0.11	0.11	0.10	0.14	0.03
Dilution Adjustment	0.0	0.0	0.0	0.0	-
Diluted Net Income	1.6	1.6	1.6	2.1	0.4
Diluted Weighted Average Shares	15.2	15.2	15.2	15.2	15.2
Diluted EPS Excl Extraord Items	0.11	0.11	0.10	0.14	0.03
Diluted EPS Incl Extraord Items	0.11	0.11	0.10	0.14	0.03
Dividends per Share - Common Stock Primary Issue	0.06	0.05	0.06	0.08	0.05
Gross Dividends - Common Stock	0.9	0.8	1.0	1.1	0.8
Interest Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
Depreciation, Supplemental	1.3	0.5	0.3	0.3	0.5
Total Special Items	0.0	0.0	0.0	0.0	0.0
Normalized Income Before Tax	2.0	1.7	2.5	2.6	0.4
Effect of Special Items on Income Taxes	0.0	0.0	0.0	0.0	0.0
Inc Tax Ex Impact of Sp Items	0.4	0.1	0.9	0.6	0.0
Normalized Income After Tax	1.6	1.6	1.6	2.1	0.4
Normalized Inc. Avail to Com.	1.6	1.6	1.6	2.1	0.4
Basic Normalized EPS	0.11	0.11	0.10	0.13	0.03
Diluted Normalized EPS	0.11	0.11	0.10	0.13	0.03
Amort of Intangibles, Supplemental	0.0	0.0	0.0	0.0	0.0
Advertising Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
Research & Development Exp, Supplemental	-	-	-	0.2	-
Normalized EBIT	0.3	0.3	2.3	2.3	0.1
Normalized EBITDA	1.6	0.8	2.7	2.7	0.7

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate	1134.9	1164.475	1259.55	936.05	930
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	PricewaterhouseCoopers LLP	Samil Accounting Corp.
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Cash & Equivalents	6.0	1.0	0.7	0.6	2.6
Short Term Investments	4.5	6.2	6.8	7.7	5.8
Cash and Short Term Investments	10.5	7.2	7.6	8.3	8.4
Accounts Receivable - Trade, Gross	2.0	1.2	0.8	2.7	2.6
Provision for Doubtful Accounts	0.0	0.0	0.0	0.0	0.0
Trade Accounts Receivable - Net	2.1	1.3	1.0	2.9	2.7
Other Receivables	0.2	0.0	0.0	0.0	0.1
Total Receivables, Net	2.3	1.3	1.0	2.9	2.8
Inventories - Finished Goods	0.1	0.1	0.1	0.3	0.4
Inventories - Work In Progress	0.1	0.1	0.0	0.1	0.1
Inventories - Raw Materials	1.7	1.3	1.4	1.9	1.1
Inventories - Other	0.0	0.1	0.0	0.1	0.0
Total Inventory	1.9	1.5	1.5	2.5	1.7
Prepaid Expenses	0.0	0.0	0.0	0.0	0.0
Deferred Income Tax - Current Asset	-	0.0	-	-	-
Other Current Assets	-	-	0.0	-	-
Other Current Assets, Total	-	0.0	0.0	-	-
Total Current Assets	14.7	10.0	10.2	13.7	12.9
Buildings	4.1	4.0	3.0	3.8	3.8
Land/Improvements	26.1	25.5	7.0	9.4	9.4
Machinery/Equipment	2.6	2.2	1.1	1.9	4.5
Construction in Progress	2.9	-	0.0	0.2	0.2
Other Property/Plant/Equipment	0.0	0.0	0.0	0.0	0.2
Property/Plant/Equipment - Gross	35.8	31.7	11.1	15.3	18.0
Accumulated Depreciation	-2.1	-0.7	-2.4	-3.4	-6.0
Property/Plant/Equipment - Net	33.7	31.0	8.7	11.9	12.0
Intangibles, Net	0.1	0.1	0.2	0.2	0.2
LT Investments - Other	3.2	6.8	3.0	5.0	4.0
Long Term Investments	3.2	6.8	3.0	5.0	4.0
Note Receivable - Long Term	0.0	0.0	-	-	-
Deferred Income Tax - Long Term Asset	-	-	0.5	1.1	1.3
Other Long Term Assets	0.0	0.0	0.0	0.0	0.0
Other Long Term Assets, Total	0.0	0.0	0.6	1.1	1.3
Total Assets	51.8	48.1	22.6	31.9	30.4
Accounts Payable	1.0	1.1	0.8	1.9	1.3
Accrued Expenses	0.4	0.4	0.3	0.5	0.4
Notes Payable/Short Term Debt	1.4	0.0	0.0	0.0	1.1
Current Portion - Long Term Debt/Capital Leases	0.0	0.0	0.0	0.0	0.0
Customer Advances	0.1	0.0	0.0	0.0	0.1
Income Taxes Payable	0.4	0.2	0.2	0.4	0.0
Other Payables	0.2	0.2	0.1	0.1	0.1
Deferred Income Tax - Current Liability	0.0	-	0.0	0.0	0.0
Other Current Liabilities	0.0	0.0	0.0	0.0	0.0
Other Current liabilities, Total	0.6	0.4	0.3	0.6	0.3
Total Current Liabilities	3.5	1.9	1.4	3.1	3.1
Long Term Debt	0.1	0.1	0.1	0.1	0.2
Total Long Term Debt	0.1	0.1	0.1	0.1	0.2
Total Debt	1.5	0.1	0.1	0.2	1.2
Deferred Income Tax - LT Liability	4.4	4.4	-	-	-
Deferred Income Tax	4.4	4.4	-	-	-
Pension Benefits - Underfunded	-	0.0	0.0	0.3	0.3
Other Long Term Liabilities	0.2	0.2	0.2	0.3	0.2
Other Liabilities, Total	0.2	0.3	0.2	0.6	0.6
Total Liabilities	8.3	6.6	1.7	3.8	3.9
Common Stock	6.7	6.5	6.1	8.1	8.2
Common Stock	6.7	6.5	6.1	8.1	8.2
Additional Paid-In Capital	0.0	0.0	3.2	4.4	4.4
Retained Earnings (Accumulated Deficit)	15.5	14.4	12.5	16.2	15.1
Unrealized Gain (Loss)	3.7	3.2	-1.0	-0.6	-1.1
Other Equity	17.6	17.1	-	-	-
Other Equity, Total	17.6	17.1	-	-	-
Total Equity	43.5	41.4	20.9	28.1	26.6
Total Liabilities & Shareholders’ Equity	51.8	48.1	22.6	31.9	30.4
Shares Outstanding - Common Stock Primary Issue	15.2	15.2	15.2	15.2	15.2
Total Common Shares Outstanding	15.2	15.2	15.2	15.2	15.2
Treasury Shares - Common Stock Primary Issue	0.0	0.0	0.0	0.0	0.0
Employees	106	106	111	119	106
Number of Common Shareholders	7,772	7,391	3,878	4,886	-
Deferred Revenue - Current	0.1	0.0	0.0	0.0	0.1
Total Long Term Debt, Supplemental	0.1	0.1	0.1	0.1	0.2
Long Term Debt Maturing within 1 Year	0.0	0.0	0.0	0.0	0.0
Long Term Debt Maturing in Year 2	0.0	0.0	0.0	0.0	0.0
Long Term Debt Maturing in Year 3	-	0.0	0.0	0.0	0.0
Long Term Debt Maturing in Year 4	-	-	0.0	0.0	0.0
Long Term Debt Maturing in Year 5	-	-	-	-	0.0
Long Term Debt Maturing in 2-3 Years	0.0	0.0	0.0	0.0	0.0
Long Term Debt Maturing in 4-5 Years	-	-	0.0	0.0	0.0
Long Term Debt Matur. in Year 6 & Beyond	0.1	0.1	0.1	0.1	0.1

Annual Cash Flows

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Restated Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1156.281981	1276.385219	1100.562842	929.183333	955.035724
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	PricewaterhouseCoopers LLP	Samil Accounting Corp.
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Net Income/Starting Line	1.6	1.6	1.6	2.1	0.4
Depreciation	1.3	0.5	0.3	0.3	0.5
Depreciation/Depletion	1.3	0.5	0.3	0.3	0.5
Amortization of Intangibles	0.0	0.0	0.0	0.0	0.0
Amortization	0.0	0.0	0.0	0.0	0.0
Deferred Taxes	-0.2	-0.1	0.4	0.0	-0.1
Unusual Items	-1.3	-1.2	0.5	0.1	0.2
Other Non-Cash Items	0.2	0.2	0.2	0.4	0.2
Non-Cash Items	-1.1	-1.0	0.7	0.5	0.3
Accounts Receivable	-0.9	-0.1	1.2	-0.1	-0.5
Inventories	-0.4	0.1	0.3	-0.8	0.2
Prepaid Expenses	0.0	0.0	0.0	0.0	0.0
Accounts Payable	-0.1	0.3	-0.8	0.7	-0.3
Accrued Expenses	0.0	0.1	-0.1	0.1	0.0
Taxes Payable	0.2	-0.1	-0.1	0.3	-0.2
Other Liabilities	-0.2	-0.2	-0.5	-0.4	0.1
Changes in Working Capital	-1.4	0.1	0.2	-0.2	-0.9
Cash from Operating Activities	0.3	1.1	3.1	2.8	0.3
Purchase of Fixed Assets	-3.2	-0.1	-0.2	-0.3	-0.1
Purchase/Acquisition of Intangibles	-	-	0.0	-0.1	-0.1
Capital Expenditures	-3.2	-0.1	-0.2	-0.5	-0.2
Sale of Fixed Assets	0.0	0.0	0.0	0.0	0.0
Sale/Maturity of Investment	43.0	33.8	26.4	9.2	8.0
Purchase of Investments	-35.7	-33.8	-28.0	-11.5	-7.7
Other Investing Cash Flow	0.0	0.0	0.0	0.0	-
Other Investing Cash Flow Items, Total	7.3	0.0	-1.7	-2.3	0.2
Cash from Investing Activities	4.1	-0.1	-1.9	-2.8	0.0
Other Financing Cash Flow	0.0	0.0	0.0	0.0	0.1
Financing Cash Flow Items	0.0	0.0	0.0	0.0	0.1
Total Cash Dividends Paid	-0.9	-0.8	-1.0	-0.9	-0.8
Short Term Debt Issued	1.4	-	-	0.0	1.0
Short Term Debt Reduction	-	-	-	-1.1	-
Short Term Debt, Net	1.4	-	-	-1.1	1.0
Issuance (Retirement) of Debt, Net	1.4	-	-	-1.1	1.0
Cash from Financing Activities	0.5	-0.8	-0.9	-1.9	0.3
Net Change in Cash	4.9	0.2	0.3	-2.0	0.6
Net Cash - Beginning Balance	1.1	0.7	0.5	2.6	1.9
Net Cash - Ending Balance	5.9	1.0	0.8	0.6	2.5

Annual Income Statement

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1156.281981	1276.385219	1100.562842	929.183333	955.035724
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Samil Accounting Corp.
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Domestic Sales	12.3	10.1	13.3	16.4	-
Export Sales	1.6	0.9	1.1	0.7	-
Finished Products	-	-	-	-	11.6
Merchandise Revenues	0.0	0.0	0.4	0.9	0.2
Total Revenue	13.9	11.1	14.8	18.0	11.8
Cost of Finish. Good	12.5	9.6	11.0	13.5	10.3
Cost-Merchandise	0.0	0.0	0.2	0.7	0.2
Salaries	0.6	0.5	0.6	0.7	0.6
Retirement Allowance	0.1	0.1	0.1	0.2	0.1
Employee Benefits	0.0	0.0	0.0	0.0	0.0
Travel Expenses	0.0	0.0	0.0	0.0	0.0
Communication Exp.	0.0	0.0	0.0	0.0	0.0
Taxes and Dues	0.0	0.0	0.0	0.0	0.0
Depreciation Expense	0.1	0.0	0.1	0.1	0.1
Repair Expenses	-	0.0	-	-	0.0
Insurance Expenses	0.0	0.0	0.0	0.0	0.0
Entertainment Expenses	0.0	0.0	0.0	0.1	0.0
Advertising Expenses	0.0	0.0	0.0	0.0	0.0
Shipping and Handling Expenses	0.0	0.0	0.0	0.0	0.0
Expenses-Consumable Goods	0.0	0.0	0.0	0.0	0.0
Vehicles Maintenance Expenses	0.0	0.0	0.0	0.0	0.0
Publishing & Printing Expenses	0.0	0.0	0.0	0.0	0.0
Commissions Paid	0.1	0.3	0.1	0.2	0.1
Amortization of Intangibles	0.0	0.0	0.0	0.0	0.0
Expenses of Allowance for Doubtful Accou	0.0	-	-	-	-
Miscellaneous Operating Expense	0.0	0.0	0.0	0.0	0.0
Provision-Bad Debt	-	-	-	0.0	-
Total Operating Expense	13.7	10.8	12.5	15.6	11.7
Interest Income	0.2	0.4	0.5	0.5	0.3
Dividend Income	0.1	0.0	0.0	0.0	0.0
Rental Income	0.1	0.1	0.0	0.0	0.0
Gain on Foreign Exchange Transaction	0.0	0.0	0.0	0.0	0.0
Gain on Foreign Currency Translation	0.0	-	0.0	0.0	-
Gain-Valuation of Derivatives	-	-	0.0	-	-
Gain on Disposal of Tangible Assets	0.0	0.0	0.0	0.0	0.0
Loss on Disposal of Securities Availa	1.8	1.7	0.3	0.4	0.1
Recovery-Loan Loss Reserve	-	0.0	0.0	-	0.0
Recovery of Reduction Loss of Securit	-	-	-	-	0.1
Government Subsidy	-	-	0.0	-	-
Miscellaneous Non-Operating Income	0.2	0.1	0.1	0.2	0.2
Interest Expenses	0.0	0.0	0.0	0.0	0.0
Loss on Foreign Exchange Transaction	-0.1	0.0	-0.1	0.0	0.0
Losses on Foreign Currency Translation	0.0	0.0	-	-	0.0
Impairment Losses on Available for Sale	-	-0.1	-	0.0	-0.4
Donations Paid	0.0	-0.1	0.0	0.0	0.0
L-Disp Securities avail. for Sale	-0.5	-0.4	-0.8	-0.5	-
Fees and Commissions Paid	-0.1	-0.1	0.0	0.0	0.0
Loss on Disposal of Accounts Receivab	-	-	0.0	0.0	0.0
Loss-Disposal of Tangible Assets	-	-	-0.1	-	-
Miscellaneous Non-Operating Expense	0.0	-0.1	0.0	-0.3	0.0
Net Income Before Taxes	2.0	1.7	2.4	2.6	0.4
Provision for Income Taxes	0.4	0.1	0.9	0.6	0.0
Net Income After Taxes	1.6	1.6	1.6	2.1	0.4
Net Income Before Extra. Items	1.6	1.6	1.6	2.1	0.4
Net Income	1.6	1.6	1.6	2.1	0.4
Income Available to Com Excl E	1.6	1.6	1.6	2.1	0.4
Income Available to Com Incl E	1.6	1.6	1.6	2.1	0.4
Basic Weighted Average Shares	15.2	15.2	15.2	15.2	15.2
Basic EPS Excluding ExtraOrdin	0.11	0.11	0.10	0.14	0.03
Basic EPS Including ExtraOrdin	0.11	0.11	0.10	0.14	0.03
Dilution Adjustment	0.0	0.0	0.0	0.0	-
Diluted Net Income	1.6	1.6	1.6	2.1	0.4
Diluted Weighted Average Share	15.2	15.2	15.2	15.2	15.2
Diluted EPS Excluding ExtraOrd	0.11	0.11	0.10	0.14	0.03
Diluted EPS Including ExtraOrd	0.11	0.11	0.10	0.14	0.03
DPS-Common Stock	0.06	0.05	0.06	0.08	0.05
Gross Dividends - Common Stock	0.9	0.8	1.0	1.1	0.8
Normalized Income Before Taxes	2.0	1.7	2.5	2.6	0.4
Inc Tax Ex. Impact of Sp Items	0.4	0.1	0.9	0.6	0.0
Normalized Income After Taxes	1.6	1.6	1.6	2.1	0.4
Normalized Inc. Avail to Com.	1.6	1.6	1.6	2.1	0.4
Basic Normalized EPS	0.11	0.11	0.10	0.13	0.03
Diluted Normalized EPS	0.11	0.11	0.10	0.13	0.03
Advertising Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
Interest Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
Amort of Intangibles, Supplemental	0.0	0.0	0.0	0.0	0.0
Depreciation, Supplemental	1.3	0.5	0.3	0.3	0.5
R & D Expense	-	-	-	0.2	-

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate	1134.9	1164.475	1259.55	936.05	930
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Samil Accounting Corp.
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Cash and Equivalents	6.0	1.0	0.7	0.6	2.6
ST Finl Assets	4.5	6.2	6.8	7.7	5.8
Trade Receivables	2.0	1.2	0.8	2.7	2.6
Reserve for Doubtful Accounts	0.0	0.0	0.0	0.0	0.0
ST Securities Held to Maturities	0.0	0.0	0.0	-	0.0
Currency Futures, Current Assets	-	-	0.0	-	-
Other Receivable, Net	0.2	0.0	0.0	0.0	0.1
Advanced Payment	0.0	0.1	0.0	0.1	0.0
Prepaid Expense	0.0	0.0	0.0	0.0	0.0
Accrued Income	0.1	0.1	0.2	0.2	0.1
Deferred Income Taxes Assets Current	-	0.0	-	-	-
Merchandises	0.0	0.1	0.0	0.2	0.3
Finished Goods	0.0	0.0	0.0	0.1	0.1
Work in Progress	0.1	0.1	0.0	0.1	0.1
Raw Materials	1.7	1.3	1.4	1.9	1.1
Total Current Assets	14.7	10.0	10.2	13.7	12.9
LT Finl Assets	0.2	0.3	0.2	0.4	0.8
Securities Available for Sale	2.8	6.2	2.5	4.2	3.0
Long-term Loans	0.0	0.0	-	-	-
Securities Held to Maturities	0.0	0.0	0.0	0.0	0.0
Long-Term Security Deposits	0.0	0.0	0.0	0.0	0.0
Deferred Income Tax-Debit	-	-	0.5	1.1	1.3
Other Investment Assets	0.3	0.3	0.3	0.4	0.3
Land	26.1	25.5	7.0	9.4	9.4
Buildings	4.0	3.9	2.9	3.6	3.7
Attachments-Depreciation	-0.1	0.0	-0.1	-0.3	-
Buildings-Depreciation	-0.6	-0.1	-1.4	-1.8	-1.7
Structures	0.1	0.1	0.1	0.1	0.1
Structures-Depreciation	-0.1	-0.1	-0.1	-0.1	-0.1
Machinery/Equip.	1.9	1.6	0.6	1.0	3.9
Fixtures	0.2	0.2	0.2	0.3	-
Fixtures-Depreciation	-0.2	-0.1	-0.1	-0.1	-
Fixtures-Government Subsidies	-	0.0	0.0	0.0	-
Machinery & Equipment-Depreciation	-0.9	-0.2	-0.5	-0.9	-3.6
Experimental Equipment	0.2	0.2	0.1	0.3	0.3
Deprec-Experim.E	-	-	-	-	-0.3
Vehicles & Transportation Equipment	0.3	0.3	0.3	0.4	0.3
Vehicles & Transportation Equipment-Depr	-0.3	-0.2	-0.2	-0.2	-0.2
Other Tangibles	0.0	0.0	0.0	0.0	0.2
Other Tangible Assets-Depreciation	0.0	0.0	0.0	0.0	-
Deprec-Other	-	-	-	-	-0.2
Construction in Progress	2.9	-	0.0	0.2	0.2
Development Costs	0.3	0.4	0.2	0.2	0.2
Government Subsidy for Development Costs	-0.2	-0.2	-	-	-
Total Assets	51.8	48.1	22.6	31.9	30.4
Trade Payable	1.0	1.1	0.8	1.9	1.3
Short-term Borrowings	1.4	-	-	-	1.1
Accounts Payable	0.2	0.2	0.1	0.1	0.1
Advances Received	0.1	0.0	0.0	0.0	0.1
Deposits Withheld	0.0	0.0	0.0	0.0	0.0
VAT Withheld	0.1	0.0	0.1	0.1	0.2
Accrued Expenses	0.4	0.4	0.3	0.4	0.3
Income Taxes Payable	0.4	0.2	0.2	0.4	0.0
Deferred Income Tax Credits	0.0	-	0.0	0.0	0.0
Current Portion of Long-Term Debts	0.0	0.0	0.0	0.0	0.0
Total Current Liability	3.5	1.9	1.4	3.1	3.1
LT Borrowings	0.1	0.1	0.1	0.1	0.2
Total Long Term Debt	0.1	0.1	0.1	0.1	0.2
Reserve for Severance and Retirement Ben	-	0.0	0.0	0.3	0.3
Long-Term Deposits Withheld	-	-	-	0.1	0.1
Deferred Income Taxes Liabilities Non-cu	4.4	4.4	-	-	-
Other LT Liabs.	0.2	0.2	0.2	0.2	0.2
Total Liabilities	8.3	6.6	1.7	3.8	3.9
Common Stock	6.7	6.5	6.1	8.1	8.2
Other Capital Surplus	0.0	0.0	3.2	0.0	0.0
Reserve for Assets Revaluation	-	-	-	4.3	4.3
Legal Reserve	1.3	1.2	1.0	1.2	1.1
Rsv-BusinessRatl	1.5	1.5	-	-	1.8
Reserv-R&D	0.1	0.1	-	-	0.1
Rsv-Startup Inv	0.1	0.1	-	-	0.1
Rsv-Busines Loss	1.9	1.8	-	-	2.3
Voluntary Reserves	3.3	3.2	6.1	8.3	4.0
Retained Earnings Carried Over	7.4	6.6	5.4	6.7	5.7
Gains on Valuation of Available for Sale	0.2	0.1	-	0.0	0.1
Loss on Valuation of Securities Avail	-0.1	-0.3	-1.0	-0.6	-1.2
Revaluation Reserve	3.6	3.5	-	-	-
Revaluation Adjustment	17.6	17.1	-	-	-
Ajustment for Voluntary Reserves	0.0	0.0	-	-	-
Total Equity	43.5	41.4	20.9	28.1	26.6
Total Liabilities & Shareholde	51.8	48.1	22.6	31.9	30.4
S/O-Common Stock	15.2	15.2	15.2	15.2	15.2
Total Common Shares Outstandin	15.2	15.2	15.2	15.2	15.2
T/S-Common Stock	0.0	0.0	0.0	0.0	0.0
Deferred Revenue, Current	0.1	0.0	0.0	0.0	0.1
Full-Time Employees	106	106	111	119	106
Number of Common Shareholders	7,772	7,391	3,878	4,886	-
LT Debt 1 yr	0.0	0.0	0.0	-	-
LT Debt Maturing within 2 yr	0.0	0.0	0.0	0.0	0.0
LT Debt Maturing within 3 yr	-	0.0	0.0	0.0	0.0
LT Debt Maturing within 4 yr	-	-	0.0	0.0	0.0
LT Debt Maturing within 5 yr	-	-	-	-	0.0
LT Debt Maturing Remaining	0.1	0.1	0.1	0.1	0.1
Total Long Term Debt, Supplemental	0.1	0.1	0.1	0.1	0.2

Annual Cash Flows

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Restated Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1156.281981	1276.385219	1100.562842	929.183333	955.035724
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Samil Accounting Corp.
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Net Income	1.6	1.6	1.6	2.1	0.4
Depreciation	1.3	0.5	0.3	0.3	0.5
Expenses of Allowance for Doubtful Accou	0.0	-	-	0.0	-
Loss on Disposal of Trade Receivable	-	-	0.0	0.0	0.0
Loss on Disposal of Securities Available	0.5	0.4	0.8	0.5	-
Loss on Reduction of Securities Availabl	-	-	-	0.0	0.4
Loss-Disposal of Tangible Assets	-	-	0.1	0.0	-
Amortization of Intangible Assets	0.0	0.0	0.0	0.0	0.0
Provision for Retirement Allowances	0.2	0.2	0.2	0.4	0.2
Donations	-	0.0	-	-	-
Losses on Foreign Currency Translation	0.0	0.0	-	-	-
Impairment Losses on Available for Sale	-	0.1	-	-	-
Gain on Foreign Currency Translation	-	-	0.0	0.0	-
Recovery-Provision Doubtful Account	-	0.0	0.0	-	0.0
Gain on Disposal of Securities Availa	-1.8	-1.7	-0.3	-0.4	-0.1
Recovery of Loss on Reduction of Secu	-	-	-	-	-0.1
Gain on Disposal of Tangible Assets	0.0	0.0	0.0	0.0	0.0
Gain-Derivatives Valuation	-	-	0.0	-	-
Trade Receivables	-0.8	-0.3	1.3	-0.1	-0.5
Account Receivable	-0.1	0.0	0.0	0.1	-0.1
Advanced Payments	0.1	-0.1	0.0	0.0	0.0
Prepaid Expense	0.0	0.0	0.0	0.0	0.0
Accrued Income	0.0	0.1	-0.1	0.0	0.1
Deferred Income Tax Debi	0.0	0.3	0.4	0.2	-0.1
Inventories	-0.4	0.2	0.3	-0.7	0.2
Trade Payables	-0.1	0.2	-0.8	0.6	-0.3
Accounts Payable	0.0	0.1	0.0	0.0	0.0
Advances Received	0.1	0.0	0.1	0.0	0.1
Deposits Withheld	0.0	0.0	0.0	0.0	0.0
Accrued Expenses	0.0	0.1	-0.1	0.1	0.0
Accrued Income Taxes	0.2	0.0	-0.1	0.4	-0.1
VAT Withheld	0.1	-0.1	0.0	-0.1	-0.1
LT Deposit Withheld	-	-	-0.1	-	-
Current Portion of Defer	-0.2	-0.4	0.0	-0.2	0.0
Long-Term Deposits Withh	-	-	-	-	0.0
Payment-Retirement Bonus	-0.2	-0.2	-1.1	-0.2	-0.2
Deposits for Retirement	-	-	0.6	-0.2	-0.5
Reserve for National Pension	-	-	0.0	0.0	0.6
Cash From Operating Activities	0.3	1.1	3.1	2.8	0.3
Decrease in Short-Term Financial Asse	6.2	6.8	6.5	5.8	6.2
Decrease-LT Financial Assets	14.0	-	15.8	-	-
Proceeds from Sale of Held-to-Maturity S	0.0	0.0	-	0.0	0.2
Disposal of Securities Available for	22.7	27.0	4.0	3.4	1.5
Decrease-Currency Forwards	-	0.0	-	-	-
Decrease-Guarantee Deposit	-	-	0.0	0.0	-
Proceeds from Sale of Machinery	0.0	-	-	-	-
Disposal of Transportation	-	0.0	0.0	0.0	0.0
Decrease in Long-term Loans	0.0	-	-	-	-
Increase in Short-Term Financial Asse	-4.4	-5.6	-7.8	-7.2	-5.4
Increase in Securities Held to Maturi	0.0	0.0	0.0	0.0	0.0
Increase in Long-Term Financial Asset	-13.9	-0.1	-15.7	-0.2	-0.2
Increase in Securities Available for	-17.4	-28.1	-4.5	-4.0	-2.2
Increase in Other Investment Assets	-	-	-	-0.1	-
Increase-Fixtures	0.0	-	0.0	-	-
Increase-Machinery & Equipment	-0.3	0.0	0.0	-	-
Increase in Transportation	0.0	-0.1	0.0	-0.1	0.0
Increase in Construction in Progress	-2.9	-	-0.1	-0.2	-0.1
Increase in Other Tangible Assets	-	-	-	0.0	-
Increase-Experimental Equipments	0.0	-	-	-	-
Increase in Development Costs	-	-	0.0	-0.1	-0.1
Increase in Short-term Loans	-	0.0	-	-	-
Increase in Long-term Loans	0.0	-	-	-	-
Increase-Buildings	-	-	0.0	-	-
Increase-Guarantee Deposit	-	-	0.0	-	-
Cash From Investing Activities	4.1	-0.1	-1.9	-2.8	0.0
Proceeds from Short-term Borrowings	1.4	-	-	0.0	1.0
Increase in Other Long-Term Liabiliti	0.1	0.1	0.1	0.0	0.2
Redemption of Short-Term Borrowings	-	-	-	-1.1	-
Decrease of Current Portion of LT Lia	0.0	0.0	0.0	0.0	0.0
Decrease in Other Long Term Liabiliti	-0.1	0.0	-0.1	0.0	0.0
Dividends Paid	-0.9	-0.8	-1.0	-0.9	-0.8
Cash From Financing Activities	0.5	-0.8	-0.9	-1.9	0.3
Net Change in Cash	4.9	0.2	0.3	-2.0	0.6
Net Cash Beginning Balance	1.1	0.7	0.5	2.6	1.9
Net Cash Ending Balance	5.9	1.0	0.8	0.6	2.5

Financial Health

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Key Indicators USD (mil)
Â	Quarter Ending 31-Mar-2011	Quarter Ending Yr Ago	Annual Year End 31-Dec-2010	1 Year Growth	3 Year Growth	5 Year Growth
Total Revenue1	3.9	14.80%	13.9	14.09%	-1.20%	0.04%
Operating Income1	1.3	159.08%	0.3	-9.65%	-47.99%	-30.83%
Income Available to Common Excl Extraord Items1	1.2	185.71%	1.6	-9.44%	-0.76%	14.81%
Basic EPS Excl Extraord Items1	0.08	185.71%	0.11	-9.44%	-0.76%	14.81%
Capital Expenditures2	1.0	2,987.63%	3.2	2,786.13%	103.80%	53.95%
Cash from Operating Activities2	2.1	-	0.3	-76.92%	-49.28%	-27.52%
Free Cash Flow	1.1	-	-3.0	-	-	-
Total Assets3	55.1	7.23%	51.8	5.07%	25.33%	15.75%
Total Liabilities3	11.1	36.46%	8.3	21.37%	38.28%	26.33%
Total Long Term Debt3	0.1	-12.20%	0.1	-11.60%	-9.73%	-8.32%
Employees3	-	-	106	0.00%	-3.78%	-2.77%
Total Common Shares Outstanding3	15.2	0.00%	15.2	0.00%	0.00%	0.00%
1-ExchangeRate: KRW to USD Average for Period	1120.289560	Â	1156.281981	Â	Â	Â
2-ExchangeRate: KRW to USD Average for Period	1120.289560	Â	1156.281981	Â	Â	Â
3-ExchangeRate: KRW to USD Period End Date	1096.950000	Â	1134.900000	Â	Â	Â

Key Ratios
Â	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Profitability
Gross Margin	9.75%	13.30%	24.14%	20.90%	11.49%
Operating Margin	1.88%	2.37%	15.70%	12.88%	0.99%
Pretax Margin	14.16%	15.32%	16.50%	14.73%	3.74%
Net Profit Margin	11.63%	14.65%	10.50%	11.48%	3.43%
Financial Strength
Current Ratio	4.17	5.43	7.12	4.47	4.11
Long Term Debt/Equity	0.00	0.00	0.00	0.01	0.01
Total Debt/Equity	0.04	0.00	0.01	0.01	0.05
Management Effectiveness
Return on Assets	3.26%	4.90%	5.86%	6.58%	1.37%
Return on Equity	3.84%	5.55%	6.50%	7.51%	1.55%
Efficiency
Receivables Turnover	7.95	10.08	8.15	6.31	4.83
Inventory Turnover	7.33	6.63	5.83	6.79	5.96
Asset Turnover	0.28	0.33	0.56	0.57	0.40

Market Valuation USD (mil)
P/E (TTM)	28.94	.	Enterprise Value2	68.0
Price/Sales (TTM)	4.83	.	Enterprise Value/Revenue (TTM)	4.48
Price/Book (MRQ)	1.67	.	Enterprise Value/EBITDA (TTM)	27.61
Market Cap as of 22-Jul-20111	76.5	.
1-ExchangeRate: KRW to USD on 22-Jul-2011	1051.900000
2-ExchangeRate: KRW to USD on 31-Mar-2011	1096.950000

Annual Ratios

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Financial Strength
Current Ratio	4.17	5.43	7.12	4.47	4.11
Quick/Acid Test Ratio	3.61	4.60	6.03	3.65	3.56
Working Capital1	11.2	8.2	8.7	10.6	9.8
Long Term Debt/Equity	0.00	0.00	0.00	0.01	0.01
Total Debt/Equity	0.04	0.00	0.01	0.01	0.05
Long Term Debt/Total Capital	0.00	0.00	0.00	0.01	0.01
Total Debt/Total Capital	0.03	0.00	0.01	0.01	0.04
Payout Ratio	57.01%	51.63%	62.45%	55.72%	196.85%
Effective Tax Rate	17.84%	4.35%	36.38%	22.07%	8.30%
Total Capital1	45.1	41.5	21.0	28.3	27.8
Efficiency
Asset Turnover	0.28	0.33	0.56	0.57	0.40
Inventory Turnover	7.33	6.63	5.83	6.79	5.96
Days In Inventory	49.79	55.04	62.63	53.77	61.26
Receivables Turnover	7.95	10.08	8.15	6.31	4.83
Days Receivables Outstanding	45.93	36.22	44.78	57.81	75.57
Revenue/Employee2	133,794	114,296	116,407	149,805	114,604
Operating Income/Employee2	2,513	2,711	18,276	19,292	1,130
EBITDA/Employee2	15,635	7,887	20,949	22,535	6,547
Profitability
Gross Margin	9.75%	13.30%	24.14%	20.90%	11.49%
Operating Margin	1.88%	2.37%	15.70%	12.88%	0.99%
EBITDA Margin	11.69%	6.90%	18.00%	15.04%	5.71%
EBIT Margin	1.88%	2.37%	15.70%	12.88%	0.99%
Pretax Margin	14.16%	15.32%	16.50%	14.73%	3.74%
Net Profit Margin	11.63%	14.65%	10.50%	11.48%	3.43%
COGS/Revenue	90.25%	86.70%	75.86%	79.10%	88.51%
SG&A Expense/Revenue	7.14%	10.21%	7.40%	7.39%	9.31%
Management Effectiveness
Return on Assets	3.26%	4.90%	5.86%	6.58%	1.37%
Return on Equity	3.84%	5.55%	6.50%	7.51%	1.55%
Valuation
Free Cash Flow/Share2	-0.19	0.08	0.17	0.15	0.01
Operating Cash Flow/Share 2	0.02	0.08	0.18	0.18	0.02
1-ExchangeRate: KRW to USD Period End Date	1134.9	1164.475	1259.55	936.05	930
2-ExchangeRate: KRW to USD Average for Period	1134.9	1164.475	1259.55	936.05	930

Current Market Multiples
Market Cap/Earnings (TTM)	28.94
Market Cap/Equity (MRQ)	1.67
Market Cap/Revenue (TTM)	4.83
Market Cap/EBIT (TTM)	68.10
Market Cap/EBITDA (TTM)	29.78
Enterprise Value/Earnings (TTM)	26.84
Enterprise Value/Equity (MRQ)	1.54
Enterprise Value/Revenue (TTM)	4.48
Enterprise Value/EBIT (TTM)	63.15
Enterprise Value/EBITDA (TTM)	27.61

Annual Income Statement

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1156.281981	1276.385219	1100.562842	929.183333	955.035724
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	PricewaterhouseCoopers LLP	Samil Accounting Corp.
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Net Sales	13.9	11.1	14.8	18.0	11.8
Revenue	13.9	11.1	14.8	18.0	11.8
Total Revenue	13.9	11.1	14.8	18.0	11.8
Cost of Revenue	12.6	9.6	11.2	14.2	10.5
Cost of Revenue, Total	12.6	9.6	11.2	14.2	10.5
Gross Profit	1.4	1.5	3.6	3.8	1.4
Selling/General/Administrative Expense	0.3	0.5	0.3	0.4	0.4
Labor & Related Expense	0.7	0.6	0.8	0.9	0.7
Advertising Expense	0.0	0.0	0.0	0.0	0.0
Total Selling/General/Administrative Expenses	1.0	1.1	1.1	1.3	1.1
Depreciation	0.1	0.0	0.1	0.1	0.1
Amortization of Intangibles	0.0	0.0	0.0	0.0	0.0
Depreciation/Amortization	0.1	0.1	0.2	0.1	0.1
Total Operating Expense	13.7	10.8	12.5	15.6	11.7
Operating Income	0.3	0.3	2.3	2.3	0.1
Interest Expense - Non-Operating	0.0	0.0	0.0	0.0	0.0
Interest Expense, Net Non-Operating	0.0	0.0	0.0	0.0	0.0
Interest Income - Non-Operating	0.2	0.4	0.5	0.5	0.3
Investment Income - Non-Operating	1.4	1.2	-0.5	-0.1	-0.2
Interest/Investment Income - Non-Operating	1.6	1.5	0.0	0.4	0.1
Interest Income (Expense) - Net Non-Operating Total	1.5	1.5	0.0	0.4	0.1
Gain (Loss) on Sale of Assets	0.0	0.0	0.0	0.0	0.0
Other Non-Operating Income (Expense)	0.2	-0.1	0.2	0.0	0.2
Other, Net	0.2	-0.1	0.2	0.0	0.2
Income Before Tax	2.0	1.7	2.4	2.6	0.4
Total Income Tax	0.4	0.1	0.9	0.6	0.0
Income After Tax	1.6	1.6	1.6	2.1	0.4
Net Income Before Extraord Items	1.6	1.6	1.6	2.1	0.4
Net Income	1.6	1.6	1.6	2.1	0.4
Income Available to Common Excl Extraord Items	1.6	1.6	1.6	2.1	0.4
Income Available to Common Incl Extraord Items	1.6	1.6	1.6	2.1	0.4
Basic/Primary Weighted Average Shares	15.2	15.2	15.2	15.2	15.2
Basic EPS Excl Extraord Items	0.11	0.11	0.10	0.14	0.03
Basic/Primary EPS Incl Extraord Items	0.11	0.11	0.10	0.14	0.03
Dilution Adjustment	0.0	0.0	0.0	0.0	-
Diluted Net Income	1.6	1.6	1.6	2.1	0.4
Diluted Weighted Average Shares	15.2	15.2	15.2	15.2	15.2
Diluted EPS Excl Extraord Items	0.11	0.11	0.10	0.14	0.03
Diluted EPS Incl Extraord Items	0.11	0.11	0.10	0.14	0.03
Dividends per Share - Common Stock Primary Issue	0.06	0.05	0.06	0.08	0.05
Gross Dividends - Common Stock	0.9	0.8	1.0	1.1	0.8
Interest Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
Depreciation, Supplemental	1.3	0.5	0.3	0.3	0.5
Total Special Items	0.0	0.0	0.0	0.0	0.0
Normalized Income Before Tax	2.0	1.7	2.5	2.6	0.4
Effect of Special Items on Income Taxes	0.0	0.0	0.0	0.0	0.0
Inc Tax Ex Impact of Sp Items	0.4	0.1	0.9	0.6	0.0
Normalized Income After Tax	1.6	1.6	1.6	2.1	0.4
Normalized Inc. Avail to Com.	1.6	1.6	1.6	2.1	0.4
Basic Normalized EPS	0.11	0.11	0.10	0.13	0.03
Diluted Normalized EPS	0.11	0.11	0.10	0.13	0.03
Amort of Intangibles, Supplemental	0.0	0.0	0.0	0.0	0.0
Advertising Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
Research & Development Exp, Supplemental	-	-	-	0.2	-
Normalized EBIT	0.3	0.3	2.3	2.3	0.1
Normalized EBITDA	1.6	0.8	2.7	2.7	0.7

Interim Income Statement

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010	31-Mar-2010
Period Length	3 Months	3 Months	3 Months	6 Months	3 Months
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Reclassified Special 30-Sep-2010	Restated Normal 31-Mar-2011
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1120.28956	1132.465591	1183.132366	1155.056202	1145.278736
Net Sales	3.9	3.6	3.4	6.9	3.4
Revenue	3.9	3.6	3.4	6.9	3.4
Total Revenue	3.9	3.6	3.4	6.9	3.4
Cost of Revenue	2.5	3.9	3.1	5.6	2.6
Cost of Revenue, Total	2.5	3.9	3.1	5.6	2.6
Gross Profit	1.5	-0.3	0.3	1.3	0.7
Selling/General/Administrative Expense	0.3	-0.1	0.1	0.3	0.3
Labor & Related Expense	-	0.2	0.2	0.3	-
Advertising Expense	-	0.0	0.0	0.0	-
Total Selling/General/Administrative Expenses	0.3	0.1	0.3	0.6	0.3
Depreciation	-	0.0	0.0	0.0	-
Amortization of Intangibles	-	0.0	0.0	0.0	-
Depreciation/Amortization	-	0.0	0.0	0.1	-
Other Operating Expense	0.0	-	-	-	0.0
Other, Net	-0.1	-	-	-	0.0
Other Operating Expenses, Total	-0.1	-	-	-	0.0
Total Operating Expense	2.7	4.0	3.4	6.3	2.9
Operating Income	1.3	-0.4	0.0	0.7	0.5
Interest Expense - Non-Operating	-	0.0	0.0	0.0	-
Interest Expense, Net Non-Operating	-	0.0	0.0	0.0	-
Interest Income - Non-Operating	-	0.1	0.0	0.1	-
Investment Income - Non-Operating	0.3	-0.3	0.8	0.8	0.1
Interest/Investment Income - Non-Operating	0.3	-0.2	0.8	0.9	0.1
Interest Income (Expense) - Net Non-Operating Total	0.3	-0.2	0.8	0.9	0.1
Gain (Loss) on Sale of Assets	-	0.0	0.0	0.0	-
Other Non-Operating Income (Expense)	-	0.1	0.0	0.0	-
Other, Net	-	0.1	0.0	0.0	-
Income Before Tax	1.6	-0.5	0.8	1.6	0.5
Total Income Tax	0.4	-0.1	0.2	0.3	0.1
Income After Tax	1.2	-0.3	0.6	1.3	0.4
Net Income Before Extraord Items	1.2	-0.3	0.6	1.3	0.4
Net Income	1.2	-0.3	0.6	1.3	0.4
Income Available to Common Excl Extraord Items	1.2	-0.3	0.6	1.3	0.4
Income Available to Common Incl Extraord Items	1.2	-0.3	0.6	1.3	0.4
Basic/Primary Weighted Average Shares	15.2	15.2	15.2	15.2	15.2
Basic EPS Excl Extraord Items	0.08	-0.02	0.04	0.09	0.03
Basic/Primary EPS Incl Extraord Items	0.08	-0.02	0.04	0.09	0.03
Dilution Adjustment	-	0.0	0.0	0.0	-
Diluted Net Income	1.2	-0.3	0.6	1.3	0.4
Diluted Weighted Average Shares	15.2	15.2	15.2	15.2	15.2
Diluted EPS Excl Extraord Items	0.08	-0.02	0.04	0.09	0.03
Diluted EPS Incl Extraord Items	0.08	-0.02	0.04	0.09	0.03
Dividends per Share - Common Stock Primary Issue	0.00	0.06	0.00	0.00	0.00
Gross Dividends - Common Stock	0.0	0.9	0.0	0.0	0.0
Interest Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
Depreciation, Supplemental	0.1	0.4	0.3	0.6	0.2
Total Special Items	-	0.0	0.0	0.0	-
Normalized Income Before Tax	1.6	-0.5	0.8	1.6	0.5
Effect of Special Items on Income Taxes	-	0.0	0.0	0.0	-
Inc Tax Ex Impact of Sp Items	0.4	-0.1	0.2	0.3	0.1
Normalized Income After Tax	1.2	-0.3	0.6	1.3	0.4
Normalized Inc. Avail to Com.	1.2	-0.3	0.6	1.3	0.4
Basic Normalized EPS	0.08	-0.02	0.04	0.09	0.03
Diluted Normalized EPS	0.08	-0.02	0.04	0.09	0.03
Amort of Intangibles, Supplemental	0.0	0.0	0.0	0.0	0.0
Advertising Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
Normalized EBIT	1.3	-0.4	0.0	0.7	0.5
Normalized EBITDA	1.4	0.0	0.3	1.3	0.7

Annual Balance Sheet

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate	1134.9	1164.475	1259.55	936.05	930
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	PricewaterhouseCoopers LLP	Samil Accounting Corp.
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Cash & Equivalents	6.0	1.0	0.7	0.6	2.6
Short Term Investments	4.5	6.2	6.8	7.7	5.8
Cash and Short Term Investments	10.5	7.2	7.6	8.3	8.4
Accounts Receivable - Trade, Gross	2.0	1.2	0.8	2.7	2.6
Provision for Doubtful Accounts	0.0	0.0	0.0	0.0	0.0
Trade Accounts Receivable - Net	2.1	1.3	1.0	2.9	2.7
Other Receivables	0.2	0.0	0.0	0.0	0.1
Total Receivables, Net	2.3	1.3	1.0	2.9	2.8
Inventories - Finished Goods	0.1	0.1	0.1	0.3	0.4
Inventories - Work In Progress	0.1	0.1	0.0	0.1	0.1
Inventories - Raw Materials	1.7	1.3	1.4	1.9	1.1
Inventories - Other	0.0	0.1	0.0	0.1	0.0
Total Inventory	1.9	1.5	1.5	2.5	1.7
Prepaid Expenses	0.0	0.0	0.0	0.0	0.0
Deferred Income Tax - Current Asset	-	0.0	-	-	-
Other Current Assets	-	-	0.0	-	-
Other Current Assets, Total	-	0.0	0.0	-	-
Total Current Assets	14.7	10.0	10.2	13.7	12.9
Buildings	4.1	4.0	3.0	3.8	3.8
Land/Improvements	26.1	25.5	7.0	9.4	9.4
Machinery/Equipment	2.6	2.2	1.1	1.9	4.5
Construction in Progress	2.9	-	0.0	0.2	0.2
Other Property/Plant/Equipment	0.0	0.0	0.0	0.0	0.2
Property/Plant/Equipment - Gross	35.8	31.7	11.1	15.3	18.0
Accumulated Depreciation	-2.1	-0.7	-2.4	-3.4	-6.0
Property/Plant/Equipment - Net	33.7	31.0	8.7	11.9	12.0
Intangibles, Net	0.1	0.1	0.2	0.2	0.2
LT Investments - Other	3.2	6.8	3.0	5.0	4.0
Long Term Investments	3.2	6.8	3.0	5.0	4.0
Note Receivable - Long Term	0.0	0.0	-	-	-
Deferred Income Tax - Long Term Asset	-	-	0.5	1.1	1.3
Other Long Term Assets	0.0	0.0	0.0	0.0	0.0
Other Long Term Assets, Total	0.0	0.0	0.6	1.1	1.3
Total Assets	51.8	48.1	22.6	31.9	30.4
Accounts Payable	1.0	1.1	0.8	1.9	1.3
Accrued Expenses	0.4	0.4	0.3	0.5	0.4
Notes Payable/Short Term Debt	1.4	0.0	0.0	0.0	1.1
Current Portion - Long Term Debt/Capital Leases	0.0	0.0	0.0	0.0	0.0
Customer Advances	0.1	0.0	0.0	0.0	0.1
Income Taxes Payable	0.4	0.2	0.2	0.4	0.0
Other Payables	0.2	0.2	0.1	0.1	0.1
Deferred Income Tax - Current Liability	0.0	-	0.0	0.0	0.0
Other Current Liabilities	0.0	0.0	0.0	0.0	0.0
Other Current liabilities, Total	0.6	0.4	0.3	0.6	0.3
Total Current Liabilities	3.5	1.9	1.4	3.1	3.1
Long Term Debt	0.1	0.1	0.1	0.1	0.2
Total Long Term Debt	0.1	0.1	0.1	0.1	0.2
Total Debt	1.5	0.1	0.1	0.2	1.2
Deferred Income Tax - LT Liability	4.4	4.4	-	-	-
Deferred Income Tax	4.4	4.4	-	-	-
Pension Benefits - Underfunded	-	0.0	0.0	0.3	0.3
Other Long Term Liabilities	0.2	0.2	0.2	0.3	0.2
Other Liabilities, Total	0.2	0.3	0.2	0.6	0.6
Total Liabilities	8.3	6.6	1.7	3.8	3.9
Common Stock	6.7	6.5	6.1	8.1	8.2
Common Stock	6.7	6.5	6.1	8.1	8.2
Additional Paid-In Capital	0.0	0.0	3.2	4.4	4.4
Retained Earnings (Accumulated Deficit)	15.5	14.4	12.5	16.2	15.1
Unrealized Gain (Loss)	3.7	3.2	-1.0	-0.6	-1.1
Other Equity	17.6	17.1	-	-	-
Other Equity, Total	17.6	17.1	-	-	-
Total Equity	43.5	41.4	20.9	28.1	26.6
Total Liabilities & Shareholders’ Equity	51.8	48.1	22.6	31.9	30.4
Shares Outstanding - Common Stock Primary Issue	15.2	15.2	15.2	15.2	15.2
Total Common Shares Outstanding	15.2	15.2	15.2	15.2	15.2
Treasury Shares - Common Stock Primary Issue	0.0	0.0	0.0	0.0	0.0
Employees	106	106	111	119	106
Number of Common Shareholders	7,772	7,391	3,878	4,886	-
Deferred Revenue - Current	0.1	0.0	0.0	0.0	0.1
Total Long Term Debt, Supplemental	0.1	0.1	0.1	0.1	0.2
Long Term Debt Maturing within 1 Year	0.0	0.0	0.0	0.0	0.0
Long Term Debt Maturing in Year 2	0.0	0.0	0.0	0.0	0.0
Long Term Debt Maturing in Year 3	-	0.0	0.0	0.0	0.0
Long Term Debt Maturing in Year 4	-	-	0.0	0.0	0.0
Long Term Debt Maturing in Year 5	-	-	-	-	0.0
Long Term Debt Maturing in 2-3 Years	0.0	0.0	0.0	0.0	0.0
Long Term Debt Maturing in 4-5 Years	-	-	0.0	0.0	0.0
Long Term Debt Matur. in Year 6 & Beyond	0.1	0.1	0.1	0.1	0.1

Interim Balance Sheet

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010	31-Mar-2010
UpdateType/Date	Updated Normal 31-Mar-2011	Restated Normal 31-Mar-2011	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010	Updated Normal 31-Mar-2010
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate	1096.95	1134.9	1140.25	1221.965	1131.45
Cash & Equivalents	1.8	6.0	3.0	1.9	0.8
Short Term Investments	4.8	4.5	4.0	3.7	6.1
Cash and Short Term Investments	6.6	10.5	7.0	5.7	6.9
Accounts Receivable - Trade, Gross	0.8	2.0	1.5	1.7	2.2
Provision for Doubtful Accounts	0.0	0.0	0.0	0.0	0.0
Trade Accounts Receivable - Net	0.8	2.1	1.5	1.7	2.3
Other Receivables	0.1	0.2	0.0	0.0	0.0
Total Receivables, Net	0.9	2.3	1.5	1.7	2.3
Inventories - Finished Goods	0.1	0.1	0.1	0.1	0.1
Inventories - Work In Progress	0.1	0.1	0.1	0.1	0.1
Inventories - Raw Materials	2.2	1.7	1.9	1.6	1.4
Inventories - Other	-	0.0	0.0	0.1	0.0
Total Inventory	2.4	1.9	2.1	1.8	1.5
Prepaid Expenses	-	-	0.0	0.0	0.0
Deferred Income Tax - Current Asset	-	-	0.0	0.0	0.0
Other Current Assets	0.2	0.0	0.0	0.0	0.0
Other Current Assets, Total	0.2	0.0	0.0	0.0	0.0
Total Current Assets	10.1	14.7	10.7	9.2	10.8
Buildings	-	-	4.1	3.8	4.1
Land/Improvements	-	-	26.0	24.3	26.2
Machinery/Equipment	-	-	2.6	2.2	2.3
Construction in Progress	-	-	2.0	1.8	0.0
Other Property/Plant/Equipment	-	-	0.0	0.0	0.0
Property/Plant/Equipment - Gross	-	-	34.7	32.1	32.7
Accumulated Depreciation	-	-	-1.8	-1.3	-1.1
Property/Plant/Equipment - Net	34.5	32.5	32.9	30.8	31.6
Intangibles, Net	0.4	0.4	0.1	0.1	0.1
LT Investments - Other	10.1	5.1	6.5	5.8	7.3
Long Term Investments	10.1	5.1	6.5	5.8	7.3
Note Receivable - Long Term	0.0	0.0	0.0	0.0	0.0
Deferred Income Tax - Long Term Asset	-	-	0.0	0.0	0.0
Other Long Term Assets	-	-	0.0	0.0	0.0
Other Long Term Assets, Total	-	-	0.0	0.0	0.0
Total Assets	55.1	52.7	50.2	46.0	49.8
Accounts Payable	1.5	1.5	1.3	1.1	1.1
Accrued Expenses	-	-	0.2	0.3	0.5
Notes Payable/Short Term Debt	1.2	1.4	0.2	0.0	0.0
Current Portion - Long Term Debt/Capital Leases	0.0	0.0	0.0	0.0	0.0
Dividends Payable	-	-	-	-	0.9
Customer Advances	-	-	0.0	0.3	0.1
Income Taxes Payable	-	-	0.6	0.4	0.2
Other Payables	-	-	0.1	0.1	0.1
Deferred Income Tax - Current Liability	-	-	0.0	0.0	0.0
Other Current Liabilities	1.9	0.5	0.0	0.0	0.0
Other Current liabilities, Total	1.9	0.5	0.7	0.7	1.4
Total Current Liabilities	4.5	3.5	2.4	2.2	3.0
Long Term Debt	0.1	0.1	0.1	0.1	0.1
Total Long Term Debt	0.1	0.1	0.1	0.1	0.1
Total Debt	1.3	1.5	0.3	0.1	0.1
Deferred Income Tax - LT Liability	6.0	6.0	4.3	4.0	4.5
Deferred Income Tax	6.0	6.0	4.3	4.0	4.5
Pension Benefits - Underfunded	-	-	0.1	0.1	0.1
Other Long Term Liabilities	0.4	0.4	0.3	0.2	0.2
Other Liabilities, Total	0.4	0.4	0.4	0.3	0.3
Total Liabilities	11.1	10.0	7.2	6.6	7.9
Common Stock	6.9	6.7	6.7	6.2	6.7
Common Stock	6.9	6.7	6.7	6.2	6.7
Additional Paid-In Capital	0.0	0.0	-	3.3	-
Retained Earnings (Accumulated Deficit)	37.4	35.9	15.8	14.1	14.2
Unrealized Gain (Loss)	-	-	3.1	-0.6	3.4
Other Equity	-0.3	0.1	17.5	16.3	17.6
Other Equity, Total	-0.3	0.1	17.5	16.3	17.6
Total Equity	44.1	42.7	43.1	39.4	42.0
Total Liabilities & Shareholders’ Equity	55.1	52.7	50.2	46.0	49.8
Shares Outstanding - Common Stock Primary Issue	15.2	15.2	15.2	15.2	15.2
Total Common Shares Outstanding	15.2	15.2	15.2	15.2	15.2
Treasury Shares - Common Stock Primary Issue	0.0	0.0	0.0	0.0	0.0
Employees	-	-	107	100	102
Number of Common Shareholders	-	-	7,391	7,391	7,391
Deferred Revenue - Current	-	-	0.0	0.3	0.1
Total Long Term Debt, Supplemental	-	-	0.1	0.1	0.1
Long Term Debt Maturing within 1 Year	-	-	0.0	0.0	0.0
Long Term Debt Maturing in Year 2	-	-	0.0	0.0	0.0
Long Term Debt Maturing in Year 3	-	-	0.0	0.0	0.0
Long Term Debt Maturing in 2-3 Years	-	-	0.0	0.0	0.0
Long Term Debt Matur. in Year 6 & Beyond	-	-	0.1	0.1	0.1

Annual Cash Flows

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Restated Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1156.281981	1276.385219	1100.562842	929.183333	955.035724
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	PricewaterhouseCoopers LLP	Samil Accounting Corp.
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Net Income/Starting Line	1.6	1.6	1.6	2.1	0.4
Depreciation	1.3	0.5	0.3	0.3	0.5
Depreciation/Depletion	1.3	0.5	0.3	0.3	0.5
Amortization of Intangibles	0.0	0.0	0.0	0.0	0.0
Amortization	0.0	0.0	0.0	0.0	0.0
Deferred Taxes	-0.2	-0.1	0.4	0.0	-0.1
Unusual Items	-1.3	-1.2	0.5	0.1	0.2
Other Non-Cash Items	0.2	0.2	0.2	0.4	0.2
Non-Cash Items	-1.1	-1.0	0.7	0.5	0.3
Accounts Receivable	-0.9	-0.1	1.2	-0.1	-0.5
Inventories	-0.4	0.1	0.3	-0.8	0.2
Prepaid Expenses	0.0	0.0	0.0	0.0	0.0
Accounts Payable	-0.1	0.3	-0.8	0.7	-0.3
Accrued Expenses	0.0	0.1	-0.1	0.1	0.0
Taxes Payable	0.2	-0.1	-0.1	0.3	-0.2
Other Liabilities	-0.2	-0.2	-0.5	-0.4	0.1
Changes in Working Capital	-1.4	0.1	0.2	-0.2	-0.9
Cash from Operating Activities	0.3	1.1	3.1	2.8	0.3
Purchase of Fixed Assets	-3.2	-0.1	-0.2	-0.3	-0.1
Purchase/Acquisition of Intangibles	-	-	0.0	-0.1	-0.1
Capital Expenditures	-3.2	-0.1	-0.2	-0.5	-0.2
Sale of Fixed Assets	0.0	0.0	0.0	0.0	0.0
Sale/Maturity of Investment	43.0	33.8	26.4	9.2	8.0
Purchase of Investments	-35.7	-33.8	-28.0	-11.5	-7.7
Other Investing Cash Flow	0.0	0.0	0.0	0.0	-
Other Investing Cash Flow Items, Total	7.3	0.0	-1.7	-2.3	0.2
Cash from Investing Activities	4.1	-0.1	-1.9	-2.8	0.0
Other Financing Cash Flow	0.0	0.0	0.0	0.0	0.1
Financing Cash Flow Items	0.0	0.0	0.0	0.0	0.1
Total Cash Dividends Paid	-0.9	-0.8	-1.0	-0.9	-0.8
Short Term Debt Issued	1.4	-	-	0.0	1.0
Short Term Debt Reduction	-	-	-	-1.1	-
Short Term Debt, Net	1.4	-	-	-1.1	1.0
Issuance (Retirement) of Debt, Net	1.4	-	-	-1.1	1.0
Cash from Financing Activities	0.5	-0.8	-0.9	-1.9	0.3
Net Change in Cash	4.9	0.2	0.3	-2.0	0.6
Net Cash - Beginning Balance	1.1	0.7	0.5	2.6	1.9
Net Cash - Ending Balance	5.9	1.0	0.8	0.6	2.5

Interim Cash Flows

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010	31-Mar-2010
Period Length	3 Months	12 Months	9 Months	6 Months	3 Months
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010	Restated Normal 31-Mar-2011
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1120.28956	1156.281981	1164.307745	1155.056202	1145.278736
Net Income/Starting Line	1.2	1.6	1.9	1.3	0.4
Depreciation	0.1	1.3	1.0	0.6	0.2
Depreciation/Depletion	0.1	1.3	1.0	0.6	0.2
Amortization of Intangibles	0.0	0.0	0.0	0.0	0.0
Amortization	0.0	0.0	0.0	0.0	0.0
Deferred Taxes	-	-0.2	-0.2	-0.1	-
Unusual Items	-	-1.3	-1.6	-0.8	0.0
Other Non-Cash Items	0.1	0.2	0.2	0.1	0.1
Non-Cash Items	0.1	-1.1	-1.4	-0.7	0.1
Accounts Receivable	1.3	-0.9	-0.2	-0.6	-0.9
Inventories	-0.4	-0.4	-0.6	-0.4	0.0
Prepaid Expenses	-	0.0	0.0	0.0	-
Other Assets	-0.1	-	-	-	0.0
Accounts Payable	-0.1	-0.1	0.1	0.0	-0.1
Accrued Expenses	-	0.0	-0.2	-0.1	-
Taxes Payable	-	0.2	0.4	0.3	-
Other Liabilities	0.1	-0.2	0.0	0.3	0.1
Other Operating Cash Flow	-0.1	-	-	-	-0.1
Changes in Working Capital	0.7	-1.4	-0.5	-0.5	-0.9
Cash from Operating Activities	2.1	0.3	0.8	0.6	-0.2
Purchase of Fixed Assets	-1.0	-3.2	-2.2	-2.0	0.0
Purchase/Acquisition of Intangibles	-	-	0.0	0.0	-
Capital Expenditures	-1.0	-3.2	-2.2	-2.0	0.0
Sale of Fixed Assets	-	0.0	0.0	0.0	0.0
Sale/Maturity of Investment	6.5	43.0	19.9	23.3	14.5
Purchase of Investments	-11.7	-35.7	-15.9	-20.1	-14.6
Other Investing Cash Flow	0.0	0.0	0.0	0.0	0.0
Other Investing Cash Flow Items, Total	-5.2	7.3	4.0	3.3	0.0
Cash from Investing Activities	-6.2	4.1	1.8	1.3	-0.1
Other Financing Cash Flow	-	0.0	0.0	0.0	-
Financing Cash Flow Items	-	0.0	0.0	0.0	-
Total Cash Dividends Paid	-	-0.9	-0.9	-0.9	-
Short Term Debt Issued	-	1.4	0.2	-	-
Short Term Debt Reduction	-0.3	-	-	-	-
Short Term Debt, Net	-0.3	1.4	0.2	-	-
Long Term Debt Reduction	0.0	0.0	0.0	0.0	0.0
Long Term Debt, Net	0.0	0.0	0.0	0.0	0.0
Issuance (Retirement) of Debt, Net	-0.3	1.4	0.2	0.0	0.0
Cash from Financing Activities	-0.3	0.5	-0.7	-0.9	0.0
Foreign Exchange Effects	0.0	-	-	-	0.0
Net Change in Cash	-4.4	4.9	1.9	1.0	-0.3
Net Cash - Beginning Balance	6.1	1.1	1.0	1.1	1.1
Net Cash - Ending Balance	1.7	5.9	2.9	2.1	0.8
Cash Interest Paid	0.0	-	-	-	0.0
Cash Taxes Paid	0.2	-	-	-	0.1

Annual Income Statement

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1156.281981	1276.385219	1100.562842	929.183333	955.035724
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Samil Accounting Corp.
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Domestic Sales	12.3	10.1	13.3	16.4	-
Export Sales	1.6	0.9	1.1	0.7	-
Finished Products	-	-	-	-	11.6
Merchandise Revenues	0.0	0.0	0.4	0.9	0.2
Total Revenue	13.9	11.1	14.8	18.0	11.8
Cost of Finish. Good	12.5	9.6	11.0	13.5	10.3
Cost-Merchandise	0.0	0.0	0.2	0.7	0.2
Salaries	0.6	0.5	0.6	0.7	0.6
Retirement Allowance	0.1	0.1	0.1	0.2	0.1
Employee Benefits	0.0	0.0	0.0	0.0	0.0
Travel Expenses	0.0	0.0	0.0	0.0	0.0
Communication Exp.	0.0	0.0	0.0	0.0	0.0
Taxes and Dues	0.0	0.0	0.0	0.0	0.0
Depreciation Expense	0.1	0.0	0.1	0.1	0.1
Repair Expenses	-	0.0	-	-	0.0
Insurance Expenses	0.0	0.0	0.0	0.0	0.0
Entertainment Expenses	0.0	0.0	0.0	0.1	0.0
Advertising Expenses	0.0	0.0	0.0	0.0	0.0
Shipping and Handling Expenses	0.0	0.0	0.0	0.0	0.0
Expenses-Consumable Goods	0.0	0.0	0.0	0.0	0.0
Vehicles Maintenance Expenses	0.0	0.0	0.0	0.0	0.0
Publishing & Printing Expenses	0.0	0.0	0.0	0.0	0.0
Commissions Paid	0.1	0.3	0.1	0.2	0.1
Amortization of Intangibles	0.0	0.0	0.0	0.0	0.0
Expenses of Allowance for Doubtful Accou	0.0	-	-	-	-
Miscellaneous Operating Expense	0.0	0.0	0.0	0.0	0.0
Provision-Bad Debt	-	-	-	0.0	-
Total Operating Expense	13.7	10.8	12.5	15.6	11.7
Interest Income	0.2	0.4	0.5	0.5	0.3
Dividend Income	0.1	0.0	0.0	0.0	0.0
Rental Income	0.1	0.1	0.0	0.0	0.0
Gain on Foreign Exchange Transaction	0.0	0.0	0.0	0.0	0.0
Gain on Foreign Currency Translation	0.0	-	0.0	0.0	-
Gain-Valuation of Derivatives	-	-	0.0	-	-
Gain on Disposal of Tangible Assets	0.0	0.0	0.0	0.0	0.0
Loss on Disposal of Securities Availa	1.8	1.7	0.3	0.4	0.1
Recovery-Loan Loss Reserve	-	0.0	0.0	-	0.0
Recovery of Reduction Loss of Securit	-	-	-	-	0.1
Government Subsidy	-	-	0.0	-	-
Miscellaneous Non-Operating Income	0.2	0.1	0.1	0.2	0.2
Interest Expenses	0.0	0.0	0.0	0.0	0.0
Loss on Foreign Exchange Transaction	-0.1	0.0	-0.1	0.0	0.0
Losses on Foreign Currency Translation	0.0	0.0	-	-	0.0
Impairment Losses on Available for Sale	-	-0.1	-	0.0	-0.4
Donations Paid	0.0	-0.1	0.0	0.0	0.0
L-Disp Securities avail. for Sale	-0.5	-0.4	-0.8	-0.5	-
Fees and Commissions Paid	-0.1	-0.1	0.0	0.0	0.0
Loss on Disposal of Accounts Receivab	-	-	0.0	0.0	0.0
Loss-Disposal of Tangible Assets	-	-	-0.1	-	-
Miscellaneous Non-Operating Expense	0.0	-0.1	0.0	-0.3	0.0
Net Income Before Taxes	2.0	1.7	2.4	2.6	0.4
Provision for Income Taxes	0.4	0.1	0.9	0.6	0.0
Net Income After Taxes	1.6	1.6	1.6	2.1	0.4
Net Income Before Extra. Items	1.6	1.6	1.6	2.1	0.4
Net Income	1.6	1.6	1.6	2.1	0.4
Income Available to Com Excl E	1.6	1.6	1.6	2.1	0.4
Income Available to Com Incl E	1.6	1.6	1.6	2.1	0.4
Basic Weighted Average Shares	15.2	15.2	15.2	15.2	15.2
Basic EPS Excluding ExtraOrdin	0.11	0.11	0.10	0.14	0.03
Basic EPS Including ExtraOrdin	0.11	0.11	0.10	0.14	0.03
Dilution Adjustment	0.0	0.0	0.0	0.0	-
Diluted Net Income	1.6	1.6	1.6	2.1	0.4
Diluted Weighted Average Share	15.2	15.2	15.2	15.2	15.2
Diluted EPS Excluding ExtraOrd	0.11	0.11	0.10	0.14	0.03
Diluted EPS Including ExtraOrd	0.11	0.11	0.10	0.14	0.03
DPS-Common Stock	0.06	0.05	0.06	0.08	0.05
Gross Dividends - Common Stock	0.9	0.8	1.0	1.1	0.8
Normalized Income Before Taxes	2.0	1.7	2.5	2.6	0.4
Inc Tax Ex. Impact of Sp Items	0.4	0.1	0.9	0.6	0.0
Normalized Income After Taxes	1.6	1.6	1.6	2.1	0.4
Normalized Inc. Avail to Com.	1.6	1.6	1.6	2.1	0.4
Basic Normalized EPS	0.11	0.11	0.10	0.13	0.03
Diluted Normalized EPS	0.11	0.11	0.10	0.13	0.03
Advertising Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
Interest Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
Amort of Intangibles, Supplemental	0.0	0.0	0.0	0.0	0.0
Depreciation, Supplemental	1.3	0.5	0.3	0.3	0.5
R & D Expense	-	-	-	0.2	-

Interim Income Statement

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010	31-Mar-2010
Period Length	3 Months	3 Months	3 Months	6 Months	3 Months
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Reclassified Special 30-Sep-2010	Restated Normal 31-Mar-2011
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1120.28956	1132.465591	1183.132366	1155.056202	1145.278736
Sales Revenue-Export	-	1.6	-	-	-
Sales Revenue-Domestic	-	1.9	3.4	6.9	-
Merchandise Revenues	-	0.0	0.0	0.0	-
Net Sales	3.9	-	-	-	3.4
Total Revenue	3.9	3.6	3.4	6.9	3.4
Cost of Finished Goods Sold	-	3.8	3.1	5.6	-
Cost of Merchandise Sold	-	0.0	0.0	0.0	-
Salaries and Wages	-	0.2	0.2	0.3	-
Retirement Allowance	-	0.0	0.0	0.0	-
Employee Benefits	-	0.0	0.0	0.0	-
Travel Expenses	-	0.0	0.0	0.0	-
Communication Expenses	-	0.0	0.0	0.0	-
Taxes and Dues	-	0.0	0.0	0.0	-
Expenses-Consumable Goods	-	0.0	0.0	0.0	-
Publishing & Printing Expenses	-	0.0	0.0	0.0	-
Vehicles Maintenance Expenses	-	0.0	0.0	0.0	-
Repair Expenses	-	0.0	0.0	0.0	-
Insurance Expenses	-	0.0	0.0	0.0	-
Commissions Paid	-	-0.2	0.0	0.2	-
Shipping and Handling Expenses	-	0.0	0.0	0.0	-
Entertainment Expenses	-	0.0	0.0	0.0	-
Advertising Expense	-	0.0	0.0	0.0	-
Provision-Bad Debt	-	0.0	0.0	0.0	-
Depreciation Expense	-	0.0	0.0	0.0	-
Amortization of Intangibles	-	0.0	0.0	0.0	-
Miscellaneous Operating Expenses	-	0.0	0.0	0.0	-
Miscellaneous Expenses	0.0	-	-	-	0.0
Selling and Administrative Expenses	0.3	-	-	-	0.3
Costs of Goods and Services Sold	2.5	-	-	-	2.6
Other Operating Income	-0.1	-	-	-	0.0
Total Operating Expense	2.7	4.0	3.4	6.3	2.9
Interest Income	-	0.1	0.0	0.1	-
Dividend Income	-	0.0	0.0	0.1	-
Gain on Disposal of Securities Availa	-	0.2	0.8	0.8	-
Gain-Foreign Exchange Transaction	-	0.0	0.0	0.0	-
Gain-Foreign Currency Translation	-	0.0	0.0	0.0	-
Gains on Valuations of Derivatives	-	0.0	0.0	0.0	-
Gain-Disposal of Tangible Assets	-	0.0	0.0	0.0	-
Reversal of Allowance for Doubtful Accou	-	0.0	0.0	0.0	-
Rental Income	-	0.0	0.0	0.0	-
Miscellaneous Non-Operating Income	-	0.1	0.0	0.0	-
Interest Expenses, Non-Operating	-	0.0	0.0	0.0	-
Losses on Sale of Available for Sale Sec	-	-0.5	0.0	0.0	-
Loss-Foreign Exchange Transaction	-	0.0	0.0	0.0	-
Loss-Foreign Currency Translation	-	0.0	0.0	0.0	-
Fee & Commission Paid	-	0.0	0.0	0.0	-
Donations Paid, Non-Operating	-	0.0	0.0	0.0	-
Miscellaneous Non-Operating Expense	-	0.0	0.0	0.0	-
Finance Income	0.4	-	-	-	0.1
Finance Expense	-0.1	-	-	-	0.0
Net Income Before Taxes	1.6	-0.5	0.8	1.6	0.5
Provision for Income Taxes	0.4	-0.1	0.2	0.3	0.1
Net Income After Taxes	1.2	-0.3	0.6	1.3	0.4
Net Income Before Extra. Items	1.2	-0.3	0.6	1.3	0.4
Net Income	1.2	-0.3	0.6	1.3	0.4
Income Available to Com Excl ExtraOrd	1.2	-0.3	0.6	1.3	0.4
Income Available to Com Incl ExtraOrd	1.2	-0.3	0.6	1.3	0.4
Basic Weighted Average Shares	15.2	15.2	15.2	15.2	15.2
Basic EPS Excluding ExtraOrdinary Items	0.08	-0.02	0.04	0.09	0.03
Basic EPS Including ExtraOrdinary Items	0.08	-0.02	0.04	0.09	0.03
Dilution Adjustment	-	0.0	0.0	0.0	-
Diluted Net Income	1.2	-0.3	0.6	1.3	0.4
Diluted Weighted Average Shares	15.2	15.2	15.2	15.2	15.2
Diluted EPS Excluding ExtraOrd Items	0.08	-0.02	0.04	0.09	0.03
Diluted EPS Including ExtraOrd Items	0.08	-0.02	0.04	0.09	0.03
DPS-Common Stock	0.00	0.06	0.00	0.00	0.00
Gross Dividends - Common Stock	0.0	0.9	0.0	0.0	0.0
Normalized Income Before Taxes	1.6	-0.5	0.8	1.6	0.5
Inc Tax Ex Impact of Sp Items	0.4	-0.1	0.2	0.3	0.1
Normalized Income After Taxes	1.2	-0.3	0.6	1.3	0.4
Normalized Inc. Avail to Com.	1.2	-0.3	0.6	1.3	0.4
Basic Normalized EPS	0.08	-0.02	0.04	0.09	0.03
Diluted Normalized EPS	0.08	-0.02	0.04	0.09	0.03
Interest Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
Advertising Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
Depreciation, Supplemental	0.1	0.4	0.3	0.6	0.2
Amort of Intangibles, Supplemental	0.0	0.0	0.0	0.0	0.0

Annual Balance Sheet

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate	1134.9	1164.475	1259.55	936.05	930
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Samil Accounting Corp.
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Cash and Equivalents	6.0	1.0	0.7	0.6	2.6
ST Finl Assets	4.5	6.2	6.8	7.7	5.8
Trade Receivables	2.0	1.2	0.8	2.7	2.6
Reserve for Doubtful Accounts	0.0	0.0	0.0	0.0	0.0
ST Securities Held to Maturities	0.0	0.0	0.0	-	0.0
Currency Futures, Current Assets	-	-	0.0	-	-
Other Receivable, Net	0.2	0.0	0.0	0.0	0.1
Advanced Payment	0.0	0.1	0.0	0.1	0.0
Prepaid Expense	0.0	0.0	0.0	0.0	0.0
Accrued Income	0.1	0.1	0.2	0.2	0.1
Deferred Income Taxes Assets Current	-	0.0	-	-	-
Merchandises	0.0	0.1	0.0	0.2	0.3
Finished Goods	0.0	0.0	0.0	0.1	0.1
Work in Progress	0.1	0.1	0.0	0.1	0.1
Raw Materials	1.7	1.3	1.4	1.9	1.1
Total Current Assets	14.7	10.0	10.2	13.7	12.9
LT Finl Assets	0.2	0.3	0.2	0.4	0.8
Securities Available for Sale	2.8	6.2	2.5	4.2	3.0
Long-term Loans	0.0	0.0	-	-	-
Securities Held to Maturities	0.0	0.0	0.0	0.0	0.0
Long-Term Security Deposits	0.0	0.0	0.0	0.0	0.0
Deferred Income Tax-Debit	-	-	0.5	1.1	1.3
Other Investment Assets	0.3	0.3	0.3	0.4	0.3
Land	26.1	25.5	7.0	9.4	9.4
Buildings	4.0	3.9	2.9	3.6	3.7
Attachments-Depreciation	-0.1	0.0	-0.1	-0.3	-
Buildings-Depreciation	-0.6	-0.1	-1.4	-1.8	-1.7
Structures	0.1	0.1	0.1	0.1	0.1
Structures-Depreciation	-0.1	-0.1	-0.1	-0.1	-0.1
Machinery/Equip.	1.9	1.6	0.6	1.0	3.9
Fixtures	0.2	0.2	0.2	0.3	-
Fixtures-Depreciation	-0.2	-0.1	-0.1	-0.1	-
Fixtures-Government Subsidies	-	0.0	0.0	0.0	-
Machinery & Equipment-Depreciation	-0.9	-0.2	-0.5	-0.9	-3.6
Experimental Equipment	0.2	0.2	0.1	0.3	0.3
Deprec-Experim.E	-	-	-	-	-0.3
Vehicles & Transportation Equipment	0.3	0.3	0.3	0.4	0.3
Vehicles & Transportation Equipment-Depr	-0.3	-0.2	-0.2	-0.2	-0.2
Other Tangibles	0.0	0.0	0.0	0.0	0.2
Other Tangible Assets-Depreciation	0.0	0.0	0.0	0.0	-
Deprec-Other	-	-	-	-	-0.2
Construction in Progress	2.9	-	0.0	0.2	0.2
Development Costs	0.3	0.4	0.2	0.2	0.2
Government Subsidy for Development Costs	-0.2	-0.2	-	-	-
Total Assets	51.8	48.1	22.6	31.9	30.4
Trade Payable	1.0	1.1	0.8	1.9	1.3
Short-term Borrowings	1.4	-	-	-	1.1
Accounts Payable	0.2	0.2	0.1	0.1	0.1
Advances Received	0.1	0.0	0.0	0.0	0.1
Deposits Withheld	0.0	0.0	0.0	0.0	0.0
VAT Withheld	0.1	0.0	0.1	0.1	0.2
Accrued Expenses	0.4	0.4	0.3	0.4	0.3
Income Taxes Payable	0.4	0.2	0.2	0.4	0.0
Deferred Income Tax Credits	0.0	-	0.0	0.0	0.0
Current Portion of Long-Term Debts	0.0	0.0	0.0	0.0	0.0
Total Current Liability	3.5	1.9	1.4	3.1	3.1
LT Borrowings	0.1	0.1	0.1	0.1	0.2
Total Long Term Debt	0.1	0.1	0.1	0.1	0.2
Reserve for Severance and Retirement Ben	-	0.0	0.0	0.3	0.3
Long-Term Deposits Withheld	-	-	-	0.1	0.1
Deferred Income Taxes Liabilities Non-cu	4.4	4.4	-	-	-
Other LT Liabs.	0.2	0.2	0.2	0.2	0.2
Total Liabilities	8.3	6.6	1.7	3.8	3.9
Common Stock	6.7	6.5	6.1	8.1	8.2
Other Capital Surplus	0.0	0.0	3.2	0.0	0.0
Reserve for Assets Revaluation	-	-	-	4.3	4.3
Legal Reserve	1.3	1.2	1.0	1.2	1.1
Rsv-BusinessRatl	1.5	1.5	-	-	1.8
Reserv-R&D	0.1	0.1	-	-	0.1
Rsv-Startup Inv	0.1	0.1	-	-	0.1
Rsv-Busines Loss	1.9	1.8	-	-	2.3
Voluntary Reserves	3.3	3.2	6.1	8.3	4.0
Retained Earnings Carried Over	7.4	6.6	5.4	6.7	5.7
Gains on Valuation of Available for Sale	0.2	0.1	-	0.0	0.1
Loss on Valuation of Securities Avail	-0.1	-0.3	-1.0	-0.6	-1.2
Revaluation Reserve	3.6	3.5	-	-	-
Revaluation Adjustment	17.6	17.1	-	-	-
Ajustment for Voluntary Reserves	0.0	0.0	-	-	-
Total Equity	43.5	41.4	20.9	28.1	26.6
Total Liabilities & Shareholde	51.8	48.1	22.6	31.9	30.4
S/O-Common Stock	15.2	15.2	15.2	15.2	15.2
Total Common Shares Outstandin	15.2	15.2	15.2	15.2	15.2
T/S-Common Stock	0.0	0.0	0.0	0.0	0.0
Deferred Revenue, Current	0.1	0.0	0.0	0.0	0.1
Full-Time Employees	106	106	111	119	106
Number of Common Shareholders	7,772	7,391	3,878	4,886	-
LT Debt 1 yr	0.0	0.0	0.0	-	-
LT Debt Maturing within 2 yr	0.0	0.0	0.0	0.0	0.0
LT Debt Maturing within 3 yr	-	0.0	0.0	0.0	0.0
LT Debt Maturing within 4 yr	-	-	0.0	0.0	0.0
LT Debt Maturing within 5 yr	-	-	-	-	0.0
LT Debt Maturing Remaining	0.1	0.1	0.1	0.1	0.1
Total Long Term Debt, Supplemental	0.1	0.1	0.1	0.1	0.2

Interim Balance Sheet

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010	31-Mar-2010
UpdateType/Date	Updated Normal 31-Mar-2011	Restated Normal 31-Mar-2011	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010	Updated Normal 31-Mar-2010
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate	1096.95	1134.9	1140.25	1221.965	1131.45
Cash/Equivalents	1.8	6.0	3.0	1.9	0.8
ST Financial Assets	4.8	4.5	4.0	3.7	6.1
ST Securities Held to Maturities	0.0	0.0	0.0	0.0	0.0
Currency Futures, Current Assets	-	-	0.0	0.0	0.0
Trade Receivables	0.8	2.0	1.5	1.7	2.2
Reserve-Doubtful Accounts	0.0	0.0	0.0	0.0	0.0
Other Receivable, Net	0.1	0.2	0.0	0.0	0.0
Deferred Income Taxes Assets Current	-	-	0.0	0.0	0.0
Adjsutment for Trade and Other Receivabl	0.0	0.0	-	-	-
Prepaid Expense	-	-	0.0	0.0	0.0
Advanced Payment	-	-	0.0	0.1	0.0
Accrued Income	0.0	0.1	0.0	0.1	0.1
Merchandises	0.0	0.0	0.1	0.1	0.1
Finished Goods	0.1	0.0	0.0	0.1	0.0
Raw Materials	2.2	1.7	1.9	1.6	1.4
Work in Progress	0.1	0.1	0.1	0.1	0.1
Adjustment for Inventory	-	0.0	-	-	-
Other Current Assets	0.2	0.0	-	-	-
Total Current Assets	10.1	14.7	10.7	9.2	10.8
LT Financial Assets	0.2	0.2	0.2	0.1	0.1
Securities Available for Sale	7.7	2.8	6.1	5.4	6.8
Securities Held to Maturities	0.0	0.0	0.0	0.0	0.0
Other Investment Assets	-	-	0.3	0.3	0.3
Investment in Properties	2.2	2.2	-	-	-
Long-term Loans	-	-	0.0	0.0	0.0
Long-term Trade and Other Receivables	0.0	0.0	-	-	-
Long-Term Security Deposits	-	-	0.0	0.0	0.0
Deferred Income Tax-Debit	-	-	0.0	0.0	0.0
Property, Plant & Equipment, Net	34.5	32.5	-	-	-
Land	-	-	26.0	24.3	26.2
Buildings	-	-	4.0	3.7	4.0
Buildings-Depreciation	-	-	-0.5	-0.3	-0.2
Attachments-Depreciation	-	-	-0.1	-0.1	0.0
Structures	-	-	0.1	0.1	0.1
Structures-Depreciation	-	-	-0.1	-0.1	-0.1
Machinery/Equipment	-	-	1.9	1.6	1.6
Machinery/Equipment-Depreciation	-	-	-0.7	-0.5	-0.4
Vehicles/Transportation Equipment	-	-	0.3	0.3	0.3
Vehicles/Transportation-Depreciation	-	-	-0.2	-0.2	-0.2
Fixtures	-	-	0.2	0.2	0.2
Fixtures-Depreciation	-	-	-0.2	-0.1	-0.2
Fixtures-Government Subsidies	-	-	0.0	0.0	0.0
Construction in Progress	-	-	2.0	1.8	0.0
Other Tangible Assets	-	-	0.0	0.0	0.0
Accumulated Depreciation for Other Tangi	-	-	0.0	0.0	0.0
Experimental Equipment	-	-	0.2	0.2	0.2
Membership Right	0.3	0.3	-	-	-
Development Costs	0.3	0.3	0.3	0.3	0.3
Government Subsidy for Development Costs	-0.2	-0.2	-0.2	-0.2	-0.2
Adjustment for Intangible Assets	0.0	0.0	-	-	-
Total Assets	55.1	52.7	50.2	46.0	49.8
Trade Payable	-	-	1.3	1.1	1.1
Trade and Other Liabilities	1.5	1.5	-	-	-
Short-term Borrowings	1.2	1.4	0.2	-	-
Accounts Payable	-	-	0.1	0.1	0.1
Dividend Payable	-	-	-	-	0.9
Income Taxes Payable	-	-	0.6	0.4	0.2
VAT Withheld	-	-	0.0	0.1	0.1
Accrued Expenses	-	-	0.2	0.2	0.4
Advances Received	-	-	0.0	0.3	0.1
Deposit Withheld	-	-	0.0	0.0	0.0
Deferred Income Tax Credits	-	-	0.0	0.0	0.0
Current Portion of Long Term Debt	0.0	0.0	0.0	0.0	0.0
Other Current Liabilities	1.9	0.5	-	-	-
Total Current Liabilities	4.5	3.5	2.4	2.2	3.0
Long-Term Borrowings	0.1	0.1	0.1	0.1	0.1
Total Long Term Debt	0.1	0.1	0.1	0.1	0.1
Other Long-Term Liabilities	-	-	0.3	0.2	0.2
Reserve-Severance and Retirement Benefit	-	-	0.1	0.1	0.1
Deferred Income Taxes Liabilities	6.0	6.0	4.3	4.0	4.5
LT Trade and Other Payables	0.4	0.4	-	-	-
Total Liabilities	11.1	10.0	7.2	6.6	7.9
Capital Stock	6.9	6.7	6.7	6.2	6.7
Other Paid-in Capital	0.0	0.0	-	3.3	-
Revaluation Reserve	-	-	3.6	-	3.6
Retained Earnings, Total	37.4	35.9	-	-	-
Legal Reserve	-	-	1.3	1.2	1.3
Voluntary Reserves	-	-	6.8	6.3	6.8
Retained Earning Carried Forward	-	-	7.7	6.6	6.1
Gain-Valu. of Sec. Available for Sale	-	-	0.0	0.0	0.2
Asset Revaluation Reserve Other Comprehe	-	-	17.5	16.3	17.6
Loss-Valu. of Sec. Available for Sale	-	-	-0.5	-0.6	-0.4
Other Capital	-0.3	0.1	-	-	-
Total Equity	44.1	42.7	43.1	39.4	42.0
Total Liabilities & Shareholders' Equity	55.1	52.7	50.2	46.0	49.8
S/O-Common Stock	15.2	15.2	15.2	15.2	15.2
Total Common Shares Outstanding	15.2	15.2	15.2	15.2	15.2
T/S-Common Stock	0.0	0.0	0.0	0.0	0.0
Deferred Revenue, Current	-	-	0.0	0.3	0.1
Full-Time Employees	-	-	107	100	102
Number of Common Shareholders	-	-	7,391	7,391	7,391
LT Debt 1 yr	-	-	0.0	0.0	0.0
LT Debt 2 yr	-	-	0.0	0.0	0.0
LT Debt 3 yr	-	-	0.0	0.0	0.0
LT Debt Remaining	-	-	0.1	0.1	0.1
Total Long Term Debt, Supplemental	-	-	0.1	0.1	0.1

Annual Cash Flows

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Restated Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1156.281981	1276.385219	1100.562842	929.183333	955.035724
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Deloitte & Touche LLP	Samil Accounting Corp.
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Net Income	1.6	1.6	1.6	2.1	0.4
Depreciation	1.3	0.5	0.3	0.3	0.5
Expenses of Allowance for Doubtful Accou	0.0	-	-	0.0	-
Loss on Disposal of Trade Receivable	-	-	0.0	0.0	0.0
Loss on Disposal of Securities Available	0.5	0.4	0.8	0.5	-
Loss on Reduction of Securities Availabl	-	-	-	0.0	0.4
Loss-Disposal of Tangible Assets	-	-	0.1	0.0	-
Amortization of Intangible Assets	0.0	0.0	0.0	0.0	0.0
Provision for Retirement Allowances	0.2	0.2	0.2	0.4	0.2
Donations	-	0.0	-	-	-
Losses on Foreign Currency Translation	0.0	0.0	-	-	-
Impairment Losses on Available for Sale	-	0.1	-	-	-
Gain on Foreign Currency Translation	-	-	0.0	0.0	-
Recovery-Provision Doubtful Account	-	0.0	0.0	-	0.0
Gain on Disposal of Securities Availa	-1.8	-1.7	-0.3	-0.4	-0.1
Recovery of Loss on Reduction of Secu	-	-	-	-	-0.1
Gain on Disposal of Tangible Assets	0.0	0.0	0.0	0.0	0.0
Gain-Derivatives Valuation	-	-	0.0	-	-
Trade Receivables	-0.8	-0.3	1.3	-0.1	-0.5
Account Receivable	-0.1	0.0	0.0	0.1	-0.1
Advanced Payments	0.1	-0.1	0.0	0.0	0.0
Prepaid Expense	0.0	0.0	0.0	0.0	0.0
Accrued Income	0.0	0.1	-0.1	0.0	0.1
Deferred Income Tax Debi	0.0	0.3	0.4	0.2	-0.1
Inventories	-0.4	0.2	0.3	-0.7	0.2
Trade Payables	-0.1	0.2	-0.8	0.6	-0.3
Accounts Payable	0.0	0.1	0.0	0.0	0.0
Advances Received	0.1	0.0	0.1	0.0	0.1
Deposits Withheld	0.0	0.0	0.0	0.0	0.0
Accrued Expenses	0.0	0.1	-0.1	0.1	0.0
Accrued Income Taxes	0.2	0.0	-0.1	0.4	-0.1
VAT Withheld	0.1	-0.1	0.0	-0.1	-0.1
LT Deposit Withheld	-	-	-0.1	-	-
Current Portion of Defer	-0.2	-0.4	0.0	-0.2	0.0
Long-Term Deposits Withh	-	-	-	-	0.0
Payment-Retirement Bonus	-0.2	-0.2	-1.1	-0.2	-0.2
Deposits for Retirement	-	-	0.6	-0.2	-0.5
Reserve for National Pension	-	-	0.0	0.0	0.6
Cash From Operating Activities	0.3	1.1	3.1	2.8	0.3
Decrease in Short-Term Financial Asse	6.2	6.8	6.5	5.8	6.2
Decrease-LT Financial Assets	14.0	-	15.8	-	-
Proceeds from Sale of Held-to-Maturity S	0.0	0.0	-	0.0	0.2
Disposal of Securities Available for	22.7	27.0	4.0	3.4	1.5
Decrease-Currency Forwards	-	0.0	-	-	-
Decrease-Guarantee Deposit	-	-	0.0	0.0	-
Proceeds from Sale of Machinery	0.0	-	-	-	-
Disposal of Transportation	-	0.0	0.0	0.0	0.0
Decrease in Long-term Loans	0.0	-	-	-	-
Increase in Short-Term Financial Asse	-4.4	-5.6	-7.8	-7.2	-5.4
Increase in Securities Held to Maturi	0.0	0.0	0.0	0.0	0.0
Increase in Long-Term Financial Asset	-13.9	-0.1	-15.7	-0.2	-0.2
Increase in Securities Available for	-17.4	-28.1	-4.5	-4.0	-2.2
Increase in Other Investment Assets	-	-	-	-0.1	-
Increase-Fixtures	0.0	-	0.0	-	-
Increase-Machinery & Equipment	-0.3	0.0	0.0	-	-
Increase in Transportation	0.0	-0.1	0.0	-0.1	0.0
Increase in Construction in Progress	-2.9	-	-0.1	-0.2	-0.1
Increase in Other Tangible Assets	-	-	-	0.0	-
Increase-Experimental Equipments	0.0	-	-	-	-
Increase in Development Costs	-	-	0.0	-0.1	-0.1
Increase in Short-term Loans	-	0.0	-	-	-
Increase in Long-term Loans	0.0	-	-	-	-
Increase-Buildings	-	-	0.0	-	-
Increase-Guarantee Deposit	-	-	0.0	-	-
Cash From Investing Activities	4.1	-0.1	-1.9	-2.8	0.0
Proceeds from Short-term Borrowings	1.4	-	-	0.0	1.0
Increase in Other Long-Term Liabiliti	0.1	0.1	0.1	0.0	0.2
Redemption of Short-Term Borrowings	-	-	-	-1.1	-
Decrease of Current Portion of LT Lia	0.0	0.0	0.0	0.0	0.0
Decrease in Other Long Term Liabiliti	-0.1	0.0	-0.1	0.0	0.0
Dividends Paid	-0.9	-0.8	-1.0	-0.9	-0.8
Cash From Financing Activities	0.5	-0.8	-0.9	-1.9	0.3
Net Change in Cash	4.9	0.2	0.3	-2.0	0.6
Net Cash Beginning Balance	1.1	0.7	0.5	2.6	1.9
Net Cash Ending Balance	5.9	1.0	0.8	0.6	2.5

Interim Cash Flows

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Mar-2011	31-Dec-2010	30-Sep-2010	30-Jun-2010	31-Mar-2010
Period Length	3 Months	12 Months	9 Months	6 Months	3 Months
UpdateType/Date	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010	Updated Normal 30-Jun-2010	Restated Normal 31-Mar-2011
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1120.28956	1156.281981	1164.307745	1155.056202	1145.278736
Net Income	1.2	1.6	1.9	1.3	0.4
Depreciation	0.1	1.3	1.0	0.6	0.2
Amortization of Intangible Assets	0.0	0.0	0.0	0.0	0.0
Provision for Doubtful Accounts	-	0.0	0.0	0.0	0.0
Provision for Retirement Allowances	0.0	0.2	0.2	0.1	0.0
Corporate Taxes	0.4	-	-	-	0.1
Loss-Valuation of Derivatives	-	-	-	0.0	-
Loss-Disposal of Trade Receivable	-	-	0.0	0.0	-
Impairment Losses on Available for Sale	-	-	0.0	0.0	-
Loss on Disposal of Tangible Assets	-	0.5	0.0	0.0	-
Loss-Disposal of Tangible Assets	-	-	0.0	0.0	-
Losses on Foreign Currency Translation	-	0.0	0.0	0.0	-
Finance Expense	0.0	-	-	-	0.0
Recovery-Doubtful Credit Reserve	0.0	-	0.0	0.0	-
Gain-Disp. of Security Avail-for-Sale	-	-1.8	-1.6	-0.8	-
Gains on Sale of Property, Plant and Equ	-	0.0	0.0	0.0	0.0
Donations	-	-	0.0	0.0	-
Gain-Derivatives Valuation	-	-	0.0	0.0	-
ON Gain on Foreign Currency Translation	-	-	0.0	0.0	-
Finance Income	-0.4	-	-	-	-0.1
Trade Receivables	1.3	-0.8	-0.2	-0.6	-0.9
Other Receivable	0.1	-0.1	0.0	0.0	0.0
Other Current Assets	-0.1	-	-	-	0.0
Prepaid Expense	-	0.0	0.0	0.0	-
Advanced Payments	-	0.1	0.0	0.0	-
Accrued Income	-	0.0	0.0	0.0	-
Inventories	-0.4	-0.4	-0.6	-0.4	0.0
Deferred Income Tax Debits	-	0.0	0.0	0.0	-
Trade Payables	0.1	-0.1	0.2	0.1	0.0
Other Payable	-0.2	0.0	-0.1	-0.1	-0.1
Advances Received	-	0.1	0.0	0.3	-
Deposits Withheld	-	0.0	0.0	0.0	-
Increase Decrease Withholdings Quarantee	-	-	0.0	-	-
Accrued Expenses	-	0.0	-0.2	-0.1	-
Accrued Income Taxes	-	0.2	0.4	0.2	-
VAT Withheld	-	0.1	0.0	0.1	-
Other Current Liabilities	0.1	-	-	-	0.2
Increase or Decrease in Deferred Income	-	-0.2	-0.2	-0.1	-
Payment for Retirement and Severance Ben	0.0	-0.2	0.0	0.0	0.0
Reserve for National Pension	-	-	0.0	0.0	-
Deposits for Retirement	-	-	0.0	0.0	-
Cash-Interest Received	0.1	-	-	-	0.0
Cash-Interest Paid	0.0	-	-	-	0.0
Dividends Received	-	-	-	-	0.0
Cash-Tax Paid	-0.2	-	-	-	-0.1
Cash from Operating Activities	2.1	0.3	0.8	0.6	-0.2
Decrease-Guarantee Deposit	-	-	0.0	0.0	-
Decrease-Currency Forwards	-	-	0.0	0.0	-
Decrease in Long-term Loans	-	0.0	0.0	0.0	-
Decrease-LT Loans and Receivables	0.0	-	-	-	0.0
Decrease-ST Financial Assets	4.5	6.2	6.2	6.2	6.3
Decrease in Long-Term Financial Asset	0.2	14.0	0.3	9.8	7.8
Disposal-Securities Available for Sale	1.7	22.7	13.4	7.3	0.4
Proceeds from Sale of Held-to-Maturity S	0.0	0.0	0.0	0.0	-
Proceeds from Sale of Property Plant and	-	-	-	-	0.0
Proceeds from Sale of Vehicles	-	-	0.0	0.0	-
Proceeds from Sale of Machinery	-	0.0	0.0	-	-
Increase in Short-term Loans	-	0.0	0.0	0.0	-
Increase-Guarantee Deposit	-	-	0.0	0.0	-
Increase-ST Financial Assets	-4.7	-4.4	-3.9	-4.0	-6.1
Increase-LT Financial Assets	-0.2	-13.9	-0.2	-9.6	-7.7
Increase-Securities Available for Sale	-6.8	-17.4	-11.8	-6.5	-0.8
Increase-Securities Held to Maturities	-	0.0	0.0	0.0	0.0
Purchase of Property, Plant and Equipmen	-1.0	-	-	-	0.0
Increase-Buildings	-	-	0.0	0.0	-
Increase-Experimental Equipments	-	0.0	0.0	0.0	-
Increase-Machinery & Equipment	-	-0.3	-0.3	-0.1	-
Increase in Transportation	-	0.0	0.0	0.0	-
Increase-Fixtures	-	0.0	0.0	0.0	-
Increase-Construction Progress	-	-2.9	-1.9	-1.9	-
Increase-Development Costs	-	-	0.0	0.0	-
Cash from Investing Activities	-6.2	4.1	1.8	1.3	-0.1
Proceeds from Short-term Borrowings	-	1.4	0.2	-	-
Increase in Other Long-Term Liabilities	-	0.1	0.1	-	-
Increase Leasehold Deposits Received	-	-	-	0.1	-
Repayments of Short-term Borrowings	-0.3	-	-	-	-
Repayments of Current Portion of Long-te	0.0	0.0	0.0	0.0	0.0
Decrease in Other Long Term Liabilities	-	-0.1	-0.1	-0.1	-
Dividends Paid	-	-0.9	-0.9	-0.9	-
Cash from Financing Activities	-0.3	0.5	-0.7	-0.9	0.0
Foreign Exchange Effects	0.0	-	-	-	0.0
Net Change in Cash	-4.4	4.9	1.9	1.0	-0.3
Net Cash Beginning Balance	6.1	1.1	1.0	1.1	1.1
Net Cash Ending Balance	1.7	5.9	2.9	2.1	0.8
Cash Interest Paid	0.0	-	-	-	0.0
Cash Taxes Paid	0.2	-	-	-	0.1

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.13
UK Pound	1	Rs.77.85
Euro	1	Rs.64.78

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
----	NB	New Business	----

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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

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