x

MIRA INFORM REPORT

 

 

Report Date :

15.02.2012

 

IDENTIFICATION DETAILS

 

Name :

DOOSAN ENGINE CO., LTD.

 

 

Registered Office :

69-3, Sinchon-dong, Changwon-si, Gyeongsangnam-do, Korea 641-370

 

 

Country :

South Korea

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

30.12.1999

 

 

Com. Reg. No.:

609-81-40128

 

 

Legal Form :

Listed Company

 

 

Line of Business :

Manufacture of Internal Combustion Piston Engines

 

 

No. of Employees :

1,266

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Good

Payment Behaviour :

No Complaints

Litigation :

Exists

 

NOTES :

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

 

ECGC Country Risk Classification List – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

South Korea

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Basic Information

 

Company Name

DOOSAN ENGINE CO., LTD.

(Korean Company Name : “두산엔진()”)

Registered Address

69-3, Sinchon-dong, Changwon-si, Gyeongsangnam-do, Korea

Zip Code

641-370

Tel

+82-55-260-6000

Fax

+82-55-282-0588

E-mail

wookyu.kim@doosan.com;humjin.baek@doosan.com

Website

www.doosanengine.com

Trading Address

69-3, Sinchon-dong, Changwon-si, Gyeongsangnam-do, Korea

Tel

+82-55-260-6000

Fax

+82-55-282-0588

Other Address-Geoje Office

1, Aju-dong ,Geoje-si, Gyeongsangnam-do, Korea

Tel

+82-55-682-2261

Fax

+82-55-681-7427

Other Address-Busan Office

29, Bongnae-dong 5-ga ,Yeongdo-gu, Busan, Korea

Tel

+82-51-417-1388

Fax

+82-51-410-8621

Type

Export

Industry

Manufacture of Internal Combustion Piston Engines

  Main Business

Diesel Engine

  Sub Business

 

Established (mm/dd/yyyy)

12/30/1999

The Subject owns the premises of Registered Address/Factory.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Engines(26101500)

Sell

Diesel power plants(26131501)

Sell

Crankshaft

Sell

Turbocharger

 

 

CEO’s

 

Name

Cho Nam-Seok

Date of Birth

10/05/1959

Title

President & CEO

Sex

Male

Nationality

Korean

 


Profiles

 

Capital (KRW)

69,500,000,000

Employees

1,266

Formation

Listed Company (Korea Stock Exchange : 082740) as of 01/05/2011

A Company of DOOSAN GROUP

Bank Details

Korea Exchange Bank-Changwon Branch

Corporate Registered No.

194211-0038423

Business Registered No.

609-81-40128

Permit & Licenses

Int’l Trade No.: 24023803

Shareholder Position

Name

Shares

%

DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO.,LTD(194211-0000943)

29,650,000

42.66

SAMSUNG HEAVY INDUSTRIES CO.,LTD(110111-0168595)

9,815,000

14.12

DAEWOO SHIPBUILDING & MARINE ENGINEERING CO., LTD.(110111-2095837)

5,600,000

8.06

EMPLOYEE STOCK OWNERSHIP ASSOCIATION

2,951,563

4.25

OTHERS

21,483,437

30.91

TOTAL

69,500,000

100.00

Company History

The engine business of Doosan Heavy Industries & Construction (former Hanjung), launched in 1983 and that of Samsung Heavy Industries, launched in 1994 were merged. In the merging process, Daewoo Shipbuilding & Marine Engineering joined this new company as a major shareholder. On January 1, 2000, Doosan Engine was officially set up under the banner of Doosan with the first initial letters of these three companies(HSD ENGINE CO., LTD.)

 

12/30/1999 Incorporated as HSD ENGINE CO., LTD.

03/2005 Changed company name to the present name

11/2005 Awarded US$500 Million Export Top Prize

11/2007 Awarded 1Billion Export Top Prize

12/29/2009 Increased capital to 62,500,000,000 KRW from 30,000,000,000 KRW

 

 

 

 

Management

 

Job Description

Title

Name

Nationality

Date of Birth

Education

President & CEO

Mr.

Cho Nam-Seok

Korean

1959.10.05

Korea University, Korea

Executive Director

Mr.

Nam Sang-Min

Korean

1955.04.01

-

Executive Director

Mr.

Kim Jeong-Kwon

Korean

1955.06.30

Youngnam University, Korea

Vice President & CFO

Mr.

Choi Jong-Il

Korean

1956.09.25

Kyunghee University, Korea

Outside Director

Mr.

Oh Se-Jong

Korean

1943.06.08

UC Berkley, USA

Outside Director

Mr.

Jung Koo-Young

Korean

1938.11.12

Yonsei University, Korea

Outside Director

Mr.

Song Kyung-Soon

Korean

1951.01.14

George Washington University, USA

Outside Director

Mr.

Yoon Dong-Min

Korean

1945.04.04

Washington University, USA

Outside Director

Mr.

Hwang Byung-Ki

Korean