MIRA INFORM REPORT
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Report Date : |
19.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
DONGJIN SEMICHEM CO., LTD. |
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Registered Office : |
472-2, Gajwa-Dong, Seo-Gu, Incheon, 404-250 |
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Country : |
South korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
10.07.1973 |
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Legal Form : |
Public Independent Company |
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Line of Business : |
manufacturer engaged in the provision of
electronic materials and foaming agents |
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No. of Employees
: |
707 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South
korea |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Dongjin Semichem Co., Ltd.
472-2, Gajwa-Dong
Seo-Gu
Incheon, 404-250
Korea, Republic of
Tel: 82-32-5785091
Fax: 82-2-3259459
Web: www.dongjin.com
Synthesis
Employees: 707
Company Type: Public Independent
Traded: KOSDAQ: 005290
Incorporation Date:
10-Jul-1973
Auditor: Jungdong Accounting Corp.
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: South
Korean Won
Annual Sales: 354.6
1
Net Income: 13.1
Total Assets: 436.2
2
Market Value: 156.4
(06-Jan-2012)
Business Description
Dongjin Semichem
Co., Ltd. is a Korea-based manufacturer engaged in the provision of electronic
materials and foaming agents. The Company's electronic materials include
photoresists and others used in semiconductor chips and thin film transistor
liquid crystal displays (TFT LCDs). Its foaming agents include microsphere (MS)
series, dinitrosopentamethylenetetramine (DPT) series, oxybis benzene sulfonyl
hydrazide (OBSH) series, azodicarbonamide (ADCA) series,
toluenesulfonylhydrazide (TSH) series and phenyltetrazole (PT) series, which
are used for plastic, rubber and other applications. As of December 31, 2010,
the Company had nine affiliated companies. For the fiscal year ended 31 December
2010, Dongjin Semichem Co., Ltd.'s total revenues increased 13% to W410.03B.
The Company's net income decreased 34% to W15.10B. Revenues reflect increased
demand for P/R finished goods and OMS merchandises. Net income was offset by
decreased gain on foreign currency transaction, increased loss on foreign
currency translation, increased loss on disposal of tangibles assets, and
increased interest expense.
Industry
Industry Chemical Manufacturing
ANZSIC 2006: 1813 - Basic
Inorganic Chemical Manufacturing
NACE 2002: 2413 - Manufacture
of other inorganic basic chemicals
NAICS 2002: 325998 - All Other
Miscellaneous Chemical Product and Preparation Manufacturing
UK SIC 2003: 2413 - Manufacture
of other inorganic basic chemicals
US SIC 1987: 2819 - Industrial
Inorganic Chemicals, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Jun Hyeok Lee |
Co-Chief Executive Officer, Co-President,
Director |
|
Jun Gyu Lee |
Co-President, Director |
|
Wan Jeong Kim |
Internal Auditor |
|
Jae Yil Park |
Vice President |
|
Boo Sup Lee |
Chairman & Co-Chief Executive Officer |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
General Products |
1 |
Dongjin Semichem Co., Ltd. Announces Patent Granted |
17-Oct-2011 |
|
Equity Investments |
1 |
Dongjin Semichem Co., Ltd. to Inject Capital to Subsidiary |
14-Apr-2011 |
|
Dividends |
1 |
Dongjin Semichem Co., Ltd. Declares Annual Cash Dividend for FY 2010 |
9-Mar-2011 |
* number of significant developments within the last 12 months
News
|
Title |
Date |
|
Companiesandmarkets.com: Emerging
Economies Key to Growth in Photoresists and Ancillaries Market |
5-Oct-2011 |
|
New Materials Chemistry Research from Y.
Jung and Colleagues Discussed |
31-Aug-2011 |
|
Findings from S. Kim and Co-Authors Provide
New Insights into Quantum Electronics |
13-Apr-2011 |
Financial Summary
As of 31-Dec-2010
Key Ratios Company Industry
Sales 5 Year Growth 10.32 8.07
Stock Snapshot
|
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
472-2, Gajwa-Dong
Seo-Gu
Incheon, 404-250
Korea, Republic of
Tel: 82-32-5785091
Fax: 82-2-3259459
Web: www.dongjin.com
Quote Symbol - Exchange
005290 - KOSDAQ
Sales KRW(mil): 410,027.8
Assets KRW(mil): 495,010.4
Employees: 707
Fiscal Year End: 31-Dec-2010
Industry: Chemical
Manufacturing
Incorporation Date: 10-Jul-1973
Company Type: Public
Independent
Quoted Status: Quoted
Chairman of the Board, Co-Chief Executive Officer: Bu Seop Lee
Contents
· Industry Codes
· Business Description
· Financial Data
· Market Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1813 - Basic Inorganic Chemical Manufacturing
2429 - Other Electronic Equipment Manufacturing
NACE 2002 Codes:
2413 - Manufacture of other inorganic basic chemicals
3210 - Manufacture of electronic valves and tubes and other electronic
components
NAICS 2002 Codes:
334419 - Other Electronic Component Manufacturing
325998 - All Other Miscellaneous Chemical Product and Preparation
Manufacturing
US SIC 1987:
2819 - Industrial Inorganic Chemicals, Not Elsewhere Classified
3679 - Electronic Components, Not Elsewhere Classified
UK SIC 2003:
3210 - Manufacture of electronic valves and tubes and other
electronic components
2413 - Manufacture of other inorganic basic chemicals
Business
Description
Dongjin Semichem
Co., Ltd. is a Korea-based manufacturer engaged in the provision of electronic
materials and foaming agents. The Company's electronic materials include
photoresists and others used in semiconductor chips and thin film transistor
liquid crystal displays (TFT LCDs). Its foaming agents include microsphere (MS)
series, dinitrosopentamethylenetetramine (DPT) series, oxybis benzene sulfonyl
hydrazide (OBSH) series, azodicarbonamide (ADCA) series,
toluenesulfonylhydrazide (TSH) series and phenyltetrazole (PT) series, which
are used for plastic, rubber and other applications. As of December 31, 2010,
the Company had nine affiliated companies. For the fiscal year ended 31
December 2010, Dongjin Semichem Co., Ltd.'s total revenues increased 13% to
W410.03B. The Company's net income decreased 34% to W15.10B. Revenues reflect
increased demand for P/R finished goods and OMS merchandises. Net income was
offset by decreased gain on foreign currency transaction, increased loss on
foreign currency translation, increased loss on disposal of tangibles assets,
and increased interest expense.
More Business
Descriptions
· Production of photoresist materials used for semiconductors and LCD equipment
· Semiconductor and Other Electronic Component Manufacturing
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Executive report
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Significant Developments
Dongjin Semichem Co., Ltd. Announces Patent Granted Oct 17, 2011
Dongjin Semichem Co., Ltd. announced that it has received a patent on July 6, 2011, for paste for producing electrode of solar cell.
Dongjin Semichem Co., Ltd. to Inject Capital to Subsidiary Apr 14, 2011
Dongjin Semichem Co., Ltd. announced that it will acquire 2 million new shares of its wholly owned subsidiary, DONGJIN DISPLAY MATERIALS CO., LTD., for KRW 10 billion, to purchase manufacturing facility of touch screen panel and secure operation funds.
Dongjin Semichem Co., Ltd. Declares Annual Cash Dividend for FY 2010 Mar 09, 2011
Dongjin Semichem Co., Ltd. announced that it has declared an annual cash dividend of KRW 60 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 1.0% and the total amount of the cash dividend is KRW 2,522,311,440. The dividend payment date is April 22, 2011.
Dongjin Semichem Co Ltd Files Patent Application
for Negative Photo Resist Composition
Indian Patent News
30 May 2011
[What follows is the full text of the article.]
New Delhi, May 30
-- South Korea based Dongjin Semichem Co Ltd filed patent application for
negative photo resist composition. The inventors are Kim Min Soo, Lee Hark Jun
and Park Chan Seok.
Dongjin Semichem
Co Ltd filed the patent application on March 22, 2006. The patent application
number is 397/MUM/2006 A. The international classification number is G03F7/008.
According to the
Controller General of Patents, Designs & Trade Marks, "This invention
provides a negative photo resist composition and in particular, it provides a
negative photo resist composition comprising a poly (2-ethyl-2-oxazoline), an
azide-based photo sensitizer and a pure water. The negative photo resist
compositions of the invention can prevent environmental hazard, replacing photo
resists to which Cr is applied when they are applied to B/M manufacturing
process for CRT, shadow mask manufacturing process, etc., and they can increase
sensitivity by the suitable selection of light by light absorption bands
pursuant to processing conditions when exposed to light so that DOT/STRIPE
photo resist membranes having excellent adhesion and resolution can be obtained."
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 |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
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Net Sales |
354.6 |
284.0 |
253.8 |
238.8 |
237.8 |
|
Revenue |
354.6 |
284.0 |
253.8 |
238.8 |
237.8 |
|
Total Revenue |
354.6 |
284.0 |
253.8 |
238.8 |
237.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
290.8 |
226.6 |
218.0 |
211.1 |
214.9 |
|
Cost of Revenue, Total |
290.8 |
226.6 |
218.0 |
211.1 |
214.9 |
|
Gross Profit |
63.8 |
57.4 |
35.9 |
27.7 |
22.9 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
17.2 |
13.1 |
13.1 |
14.3 |
17.1 |
|
Labor & Related Expense |
6.4 |
5.0 |
4.5 |
5.2 |
5.1 |
|
Advertising Expense |
0.3 |
0.2 |
0.3 |
0.4 |
0.4 |
|
Total Selling/General/Administrative Expenses |
23.9 |
18.4 |
17.9 |
19.8 |
22.6 |
|
Research & Development |
11.2 |
11.1 |
4.3 |
2.8 |
2.4 |
|
Depreciation |
1.7 |
1.0 |
0.8 |
1.4 |
1.3 |
|
Amortization of Intangibles |
0.4 |
0.2 |
0.2 |
0.1 |
0.7 |
|
Depreciation/Amortization |
2.1 |
1.3 |
1.0 |
1.5 |
2.0 |
|
Total Operating Expense |
328.1 |
257.3 |
241.1 |
235.2 |
242.0 |
|
|
|
|
|
|
|
|
Operating Income |
26.5 |
26.7 |
12.7 |
3.5 |
-4.2 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-12.5 |
-10.8 |
-11.8 |
-9.9 |
-8.1 |
|
Interest Expense, Net Non-Operating |
-12.5 |
-10.8 |
-11.8 |
-9.9 |
-8.1 |
|
Interest Income -
Non-Operating |
0.8 |
0.4 |
0.5 |
0.6 |
0.6 |
|
Investment Income -
Non-Operating |
-2.6 |
0.5 |
-24.1 |
-1.2 |
2.8 |
|
Interest/Investment Income - Non-Operating |
-1.8 |
0.9 |
-23.6 |
-0.6 |
3.4 |
|
Interest Income (Expense) - Net Non-Operating Total |
-14.3 |
-9.9 |
-35.4 |
-10.5 |
-4.7 |
|
Gain (Loss) on Sale of Assets |
0.0 |
0.1 |
-1.2 |
6.8 |
0.1 |
|
Other Non-Operating Income (Expense) |
3.3 |
2.0 |
-0.2 |
4.1 |
0.0 |
|
Other, Net |
3.3 |
2.0 |
-0.2 |
4.1 |
0.0 |
|
Income Before Tax |
15.5 |
18.8 |
-24.0 |
3.9 |
-8.8 |
|
|
|
|
|
|
|
|
Total Income Tax |
2.1 |
0.7 |
-0.5 |
1.2 |
-1.0 |
|
Income After Tax |
13.4 |
18.2 |
-23.5 |
2.7 |
-7.8 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.3 |
-0.4 |
1.0 |
0.3 |
0.8 |
|
Net Income Before Extraord Items |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
Net Income |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
42.0 |
40.2 |
37.6 |
37.6 |
37.6 |
|
Basic EPS Excl Extraord Items |
0.31 |
0.44 |
-0.60 |
0.08 |
-0.19 |
|
Basic/Primary EPS Incl Extraord Items |
0.31 |
0.44 |
-0.60 |
0.08 |
-0.19 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Diluted Net Income |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
Diluted Weighted Average Shares |
42.0 |
40.9 |
37.6 |
37.6 |
37.6 |
|
Diluted EPS Excl Extraord Items |
0.31 |
0.44 |
-0.60 |
0.08 |
-0.19 |
|
Diluted EPS Incl Extraord Items |
0.31 |
0.44 |
-0.60 |
0.08 |
-0.19 |
|
Dividends per Share - Common Stock Primary Issue |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
|
Gross Dividends - Common Stock |
2.2 |
2.0 |
1.7 |
2.0 |
2.0 |
|
Interest Expense, Supplemental |
12.5 |
10.8 |
11.8 |
9.9 |
8.1 |
|
Depreciation, Supplemental |
19.1 |
15.9 |
18.1 |
19.1 |
16.8 |
|
Total Special Items |
0.0 |
-0.1 |
1.2 |
-6.8 |
-0.1 |
|
Normalized Income Before Tax |
15.5 |
18.8 |
-22.8 |
-2.9 |
-8.9 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.0 |
0.4 |
-2.4 |
0.0 |
|
Inc Tax Ex Impact of Sp Items |
2.1 |
0.7 |
-0.1 |
-1.2 |
-1.0 |
|
Normalized Income After Tax |
13.3 |
18.1 |
-22.8 |
-1.7 |
-7.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
13.0 |
17.7 |
-21.7 |
-1.4 |
-7.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.31 |
0.44 |
-0.58 |
-0.04 |
-0.19 |
|
Diluted Normalized EPS |
0.31 |
0.43 |
-0.58 |
-0.04 |
-0.19 |
|
Amort of Intangibles, Supplemental |
2.4 |
1.3 |
1.8 |
1.9 |
2.8 |
|
Rental Expenses |
0.4 |
0.4 |
0.2 |
0.1 |
0.1 |
|
Advertising Expense, Supplemental |
0.3 |
0.2 |
0.3 |
0.4 |
0.4 |
|
Research & Development Exp, Supplemental |
11.2 |
11.1 |
4.3 |
2.8 |
2.4 |
|
Normalized EBIT |
26.5 |
26.7 |
12.7 |
3.5 |
-4.2 |
|
Normalized EBITDA |
48.0 |
43.8 |
32.7 |
24.5 |
15.4 |
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 |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
28.6 |
17.2 |
10.2 |
8.4 |
10.6 |
|
Short Term Investments |
0.2 |
0.7 |
0.5 |
3.2 |
0.0 |
|
Cash and Short Term Investments |
28.8 |
17.9 |
10.7 |
11.6 |
10.6 |
|
Accounts Receivable -
Trade, Gross |
61.3 |
47.5 |
29.8 |
26.8 |
19.9 |
|
Provision for Doubtful
Accounts |
-1.0 |
-0.7 |
-0.7 |
-0.5 |
-1.8 |
|
Trade Accounts Receivable - Net |
60.5 |
47.0 |
29.3 |
26.7 |
18.5 |
|
Other Receivables |
4.5 |
3.6 |
3.5 |
3.1 |
2.6 |
|
Total Receivables, Net |
65.0 |
50.5 |
32.8 |
29.8 |
21.1 |
|
Inventories - Finished Goods |
13.7 |
15.2 |
11.0 |
11.9 |
10.5 |
|
Inventories - Work In Progress |
9.3 |
5.8 |
5.7 |
6.2 |
4.7 |
|
Inventories - Raw Materials |
29.5 |
18.6 |
16.8 |
19.1 |
13.5 |
|
Inventories - Other |
8.8 |
6.8 |
8.0 |
5.3 |
7.8 |
|
Total Inventory |
61.4 |
46.3 |
41.5 |
42.5 |
36.4 |
|
Prepaid Expenses |
2.4 |
1.6 |
1.4 |
1.5 |
1.2 |
|
Deferred Income Tax - Current Asset |
1.9 |
1.3 |
1.1 |
0.5 |
0.4 |
|
Other Current Assets, Total |
1.9 |
1.3 |
1.1 |
0.5 |
0.4 |
|
Total Current Assets |
159.4 |
117.6 |
87.5 |
85.9 |
69.8 |
|
|
|
|
|
|
|
|
Buildings |
62.0 |
53.7 |
45.8 |
46.5 |
41.6 |
|
Land/Improvements |
69.4 |
62.6 |
45.7 |
24.6 |
27.9 |
|
Machinery/Equipment |
245.0 |
222.0 |
189.6 |
222.1 |
206.2 |
|
Construction in
Progress |
19.2 |
4.2 |
4.5 |
21.0 |
15.2 |
|
Leases |
3.9 |
10.6 |
7.5 |
9.1 |
9.3 |
|
Other
Property/Plant/Equipment |
0.0 |
0.2 |
- |
- |
- |
|
Property/Plant/Equipment - Gross |
399.6 |
353.2 |
293.0 |
323.3 |
300.2 |
|
Accumulated Depreciation |
-156.0 |
-139.9 |
-113.6 |
-127.0 |
-110.9 |
|
Property/Plant/Equipment - Net |
243.6 |
213.4 |
179.4 |
196.2 |
189.3 |
|
Goodwill, Net |
- |
- |
- |
- |
0.0 |
|
Intangibles, Net |
18.4 |
15.0 |
16.0 |
16.1 |
12.4 |
|
LT Investment - Affiliate Companies |
- |
- |
- |
4.0 |
- |
|
LT Investments - Other |
5.7 |
8.6 |
7.1 |
7.9 |
4.4 |
|
Long Term Investments |
5.7 |
8.6 |
7.1 |
11.9 |
4.4 |
|
Note Receivable - Long Term |
3.3 |
3.4 |
4.0 |
8.3 |
6.9 |
|
Deferred Income Tax - Long Term Asset |
1.4 |
1.7 |
0.9 |
4.5 |
5.3 |
|
Other Long Term Assets |
4.4 |
2.8 |
3.9 |
3.5 |
3.3 |
|
Other Long Term Assets, Total |
5.8 |
4.6 |
4.8 |
8.1 |
8.6 |
|
Total Assets |
436.2 |
362.5 |
298.9 |
326.4 |
291.3 |
|
|
|
|
|
|
|
|
Accounts Payable |
22.3 |
18.3 |
6.2 |
14.6 |
10.1 |
|
Accrued Expenses |
4.9 |
3.9 |
4.5 |
4.4 |
4.5 |
|
Notes Payable/Short Term Debt |
166.1 |
140.7 |
124.0 |
101.4 |
100.0 |
|
Current Portion - Long Term Debt/Capital Leases |
36.4 |
30.5 |
29.1 |
7.3 |
2.9 |
|
Customer Advances |
1.0 |
2.7 |
6.1 |
3.0 |
1.3 |
|
Income Taxes Payable |
0.6 |
- |
0.4 |
0.5 |
- |
|
Other Payables |
9.3 |
6.5 |
7.7 |
3.6 |
5.1 |
|
Other Current Liabilities |
0.3 |
0.3 |
0.2 |
0.2 |
0.1 |
|
Other Current liabilities, Total |
11.2 |
9.5 |
14.3 |
7.2 |
6.5 |
|
Total Current Liabilities |
240.9 |
202.9 |
178.2 |
135.0 |
124.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
64.9 |
46.3 |
40.0 |
82.7 |
60.6 |
|
Capital Lease Obligations |
0.3 |
1.2 |
0.7 |
1.5 |
0.2 |
|
Total Long Term Debt |
65.2 |
47.5 |
40.7 |
84.2 |
60.8 |
|
Total Debt |
267.7 |
218.7 |
193.9 |
192.9 |
163.7 |
|
|
|
|
|
|
|
|
Minority Interest |
3.9 |
1.1 |
0.3 |
1.3 |
1.6 |
|
Pension Benefits - Underfunded |
5.5 |
4.4 |
4.3 |
5.0 |
4.3 |
|
Other Long Term Liabilities |
6.9 |
6.0 |
5.3 |
5.9 |
7.0 |
|
Other Liabilities, Total |
12.3 |
10.5 |
9.6 |
11.0 |
11.4 |
|
Total Liabilities |
322.3 |
262.0 |
228.7 |
231.5 |
197.9 |
|
|
|
|
|
|
|
|
Common Stock |
18.5 |
18.1 |
14.9 |
20.1 |
20.2 |
|
Common Stock |
18.5 |
18.1 |
14.9 |
20.1 |
20.2 |
|
Additional Paid-In Capital |
51.5 |
50.2 |
40.2 |
54.1 |
53.7 |
|
Retained Earnings (Accumulated Deficit) |
16.6 |
7.0 |
-10.1 |
15.9 |
13.4 |
|
Unrealized Gain (Loss) |
24.8 |
24.6 |
22.7 |
10.5 |
11.7 |
|
Translation Adjustment |
2.3 |
0.7 |
2.4 |
-5.7 |
-5.6 |
|
Other Equity, Total |
2.3 |
0.7 |
2.4 |
-5.7 |
-5.6 |
|
Total Equity |
113.8 |
100.5 |
70.2 |
95.0 |
93.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
436.2 |
362.5 |
298.9 |
326.4 |
291.3 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
42.0 |
42.0 |
37.6 |
37.6 |
37.6 |
|
Total Common Shares Outstanding |
42.0 |
42.0 |
37.6 |
37.6 |
37.6 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
707 |
648 |
544 |
528 |
494 |
|
Number of Common Shareholders |
- |
8,938 |
7,137 |
6,069 |
5,131 |
|
Deferred Revenue - Current |
1.0 |
2.7 |
6.1 |
3.0 |
1.3 |
|
Total Long Term Debt, Supplemental |
100.4 |
75.8 |
68.7 |
- |
36.4 |
|
Long Term Debt Maturing within 1 Year |
35.5 |
29.4 |
28.7 |
- |
2.7 |
|
Long Term Debt Maturing in Year 2 |
15.2 |
10.0 |
7.3 |
- |
4.5 |
|
Long Term Debt Maturing in Year 3 |
16.7 |
10.9 |
8.0 |
- |
6.9 |
|
Long Term Debt Maturing in Year 4 |
10.7 |
9.4 |
6.7 |
- |
14.4 |
|
Long Term Debt Maturing in Year 5 |
14.1 |
- |
8.0 |
- |
- |
|
Long Term Debt Maturing in 2-3 Years |
31.9 |
20.9 |
15.3 |
- |
11.4 |
|
Long Term Debt Maturing in 4-5 Years |
24.8 |
9.4 |
14.7 |
- |
14.4 |
|
Long Term Debt Matur. in Year 6 & Beyond |
8.2 |
16.0 |
10.0 |
- |
8.0 |
|
Total Capital Leases, Supplemental |
1.2 |
2.3 |
1.1 |
- |
0.5 |
|
Capital Lease Payments Due in Year 1 |
0.9 |
1.1 |
0.4 |
- |
0.2 |
|
Capital Lease Payments Due in Year 2 |
0.3 |
1.0 |
0.4 |
- |
0.2 |
|
Capital Lease Payments Due in Year 3 |
- |
0.1 |
0.3 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
0.3 |
1.2 |
0.7 |
- |
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 |
Reclassified
Normal |
Reclassified
Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
13.4 |
18.2 |
-23.5 |
2.7 |
-7.0 |
|
Depreciation |
19.1 |
15.9 |
18.1 |
19.1 |
16.8 |
|
Depreciation/Depletion |
19.1 |
15.9 |
18.1 |
19.1 |
16.8 |
|
Amortization of Intangibles |
2.4 |
1.3 |
1.8 |
1.9 |
2.8 |
|
Amortization |
2.4 |
1.3 |
1.8 |
1.9 |
2.8 |
|
Deferred Taxes |
-0.1 |
-0.9 |
-3.0 |
0.6 |
-1.1 |
|
Unusual Items |
0.1 |
0.5 |
3.6 |
-6.7 |
-0.1 |
|
Other Non-Cash Items |
5.1 |
-1.7 |
18.0 |
1.6 |
1.4 |
|
Non-Cash Items |
5.3 |
-1.2 |
21.6 |
-5.0 |
1.2 |
|
Accounts Receivable |
-12.0 |
-11.6 |
-1.4 |
-3.4 |
5.9 |
|
Inventories |
-13.6 |
-1.3 |
-11.8 |
-6.4 |
-2.0 |
|
Prepaid Expenses |
-1.1 |
1.3 |
-0.2 |
-0.2 |
0.1 |
|
Accounts Payable |
6.6 |
8.8 |
-9.5 |
-5.1 |
-1.8 |
|
Accrued Expenses |
0.9 |
-0.8 |
1.3 |
-0.1 |
2.0 |
|
Taxes Payable |
0.6 |
- |
0.2 |
0.5 |
-1.0 |
|
Other Liabilities |
-4.6 |
-6.1 |
0.8 |
-0.3 |
-1.1 |
|
Changes in Working Capital |
-23.2 |
-9.9 |
-20.7 |
-15.1 |
2.0 |
|
Cash from Operating Activities |
16.8 |
23.4 |
-5.6 |
4.2 |
14.8 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-36.7 |
-36.9 |
-30.1 |
-35.0 |
-32.3 |
|
Purchase/Acquisition of Intangibles |
-4.5 |
-2.9 |
-3.8 |
-5.5 |
-4.1 |
|
Capital Expenditures |
-41.2 |
-39.8 |
-33.9 |
-40.5 |
-36.4 |
|
Sale of Fixed Assets |
0.8 |
3.4 |
0.2 |
13.4 |
2.5 |
|
Sale/Maturity of Investment |
0.5 |
0.4 |
4.1 |
0.1 |
1.4 |
|
Purchase of Investments |
-1.0 |
-4.3 |
-1.1 |
-11.8 |
-6.6 |
|
Sale of Intangible Assets |
- |
- |
0.1 |
0.4 |
- |
|
Other Investing Cash Flow |
-0.9 |
-0.3 |
1.3 |
0.5 |
5.3 |
|
Other Investing Cash Flow Items, Total |
-0.6 |
-0.8 |
4.6 |
2.5 |
2.6 |
|
Cash from Investing Activities |
-41.8 |
-40.6 |
-29.3 |
-38.0 |
-33.8 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-2.4 |
3.6 |
4.6 |
-0.4 |
-5.6 |
|
Financing Cash Flow Items |
-2.4 |
3.6 |
4.6 |
-0.4 |
-5.6 |
|
Total Cash Dividends Paid |
-2.2 |
-1.5 |
-1.9 |
-2.0 |
-2.0 |
|
Sale/Issuance of
Common |
- |
7.8 |
0.0 |
- |
0.0 |
|
Common Stock, Net |
- |
7.8 |
0.0 |
- |
0.0 |
|
Issuance (Retirement) of Stock, Net |
- |
7.8 |
0.0 |
- |
0.0 |
|
Short Term Debt Issued |
146.2 |
124.4 |
152.3 |
118.0 |
101.6 |
|
Short Term Debt
Reduction |
-124.8 |
-117.2 |
-106.3 |
-115.0 |
-110.8 |
|
Short Term Debt, Net |
21.3 |
7.2 |
46.0 |
3.0 |
-9.1 |
|
Long Term Debt Issued |
49.8 |
27.4 |
10.9 |
32.8 |
37.4 |
|
Long Term Debt
Reduction |
-30.9 |
-21.8 |
-20.2 |
-2.4 |
- |
|
Long Term Debt, Net |
19.0 |
5.6 |
-9.4 |
30.4 |
37.4 |
|
Issuance (Retirement) of Debt, Net |
40.3 |
12.8 |
36.6 |
33.4 |
28.2 |
|
Cash from Financing Activities |
35.7 |
22.8 |
39.4 |
31.0 |
20.7 |
|
|
|
|
|
|
|
|
Net Change in Cash |
10.7 |
5.6 |
4.5 |
-2.8 |
1.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
17.3 |
10.1 |
7.2 |
11.3 |
9.4 |
|
Net Cash - Ending Balance |
28.0 |
15.7 |
11.7 |
8.5 |
11.0 |
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 |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Finished Products |
274.7 |
262.1 |
244.9 |
220.0 |
210.8 |
|
Merchandise Revenues |
79.9 |
21.9 |
8.9 |
18.8 |
27.0 |
|
Total Revenue |
354.6 |
284.0 |
253.8 |
238.8 |
237.8 |
|
|
|
|
|
|
|
|
Cost-Finish Goods |
218.2 |
210.2 |
214.7 |
199.7 |
199.0 |
|
Merchandise Cost |
72.6 |
16.4 |
3.3 |
11.4 |
15.9 |
|
Salaries and Wages |
5.0 |
2.9 |
3.0 |
3.5 |
3.2 |
|
Bonuses |
- |
0.7 |
0.7 |
0.9 |
0.8 |
|
Retirement Allowance |
0.7 |
0.4 |
0.3 |
0.2 |
0.5 |
|
Employee Benefits |
0.7 |
1.0 |
0.5 |
0.7 |
0.7 |
|
Travel Expenses |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Communication Exp. |
0.3 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Utility Expenses |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Taxes and Dues |
0.6 |
0.3 |
0.4 |
0.3 |
0.3 |
|
Rental Expenses |
0.4 |
0.4 |
0.2 |
0.1 |
0.1 |
|
Repair Expenses |
0.0 |
0.0 |
0.3 |
0.0 |
0.0 |
|
Insurance Expenses |
0.1 |
0.1 |
0.2 |
0.1 |
0.1 |
|
Entertainment |
0.6 |
0.4 |
0.4 |
0.5 |
0.4 |
|
Overseas Mkt Develop |
1.9 |
1.4 |
1.1 |
1.1 |
1.2 |
|
Consumable Expense |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Printing Expenses |
0.1 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Commissions Paid |
2.5 |
2.2 |
1.6 |
1.9 |
2.7 |
|
Other Exporting Exp |
4.9 |
5.4 |
6.0 |
6.6 |
6.7 |
|
Shipping/Handling |
4.2 |
1.6 |
1.3 |
1.6 |
1.6 |
|
Vehicle Expenses |
0.4 |
0.3 |
0.3 |
0.3 |
0.2 |
|
Expenses for Samples |
0.7 |
0.4 |
0.2 |
0.4 |
0.1 |
|
Amort. of Bad Debts |
0.1 |
0.1 |
0.1 |
0.1 |
2.5 |
|
Advertising Expenses |
0.3 |
0.2 |
0.3 |
0.4 |
0.4 |
|
Depreciation Expense |
1.7 |
1.0 |
0.8 |
1.4 |
1.3 |
|
Amort-Intangibles |
0.4 |
0.2 |
0.2 |
0.1 |
0.7 |
|
Research & Develop. |
11.2 |
11.1 |
4.3 |
2.8 |
2.4 |
|
Education & Training |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Miscellaneous Operating Expense |
0.0 |
0.0 |
0.1 |
0.6 |
0.4 |
|
Total Operating Expense |
328.1 |
257.3 |
241.1 |
235.2 |
242.0 |
|
|
|
|
|
|
|
|
Interest Income |
0.8 |
0.4 |
0.5 |
0.6 |
0.6 |
|
Rental Income |
1.8 |
0.3 |
0.2 |
0.6 |
0.6 |
|
G-For Curr Transactn |
5.3 |
7.0 |
9.9 |
2.8 |
2.2 |
|
G-For Exch Translatn |
2.8 |
5.0 |
1.2 |
0.1 |
3.4 |
|
Fees and Commissions Received |
- |
0.1 |
0.1 |
0.1 |
0.0 |
|
Other Non-Op Income |
2.3 |
3.1 |
1.6 |
1.2 |
1.0 |
|
G-Tang Asset Disp. |
0.1 |
0.2 |
0.0 |
8.2 |
0.1 |
|
G-Mkt Secs Disposal |
- |
- |
- |
0.2 |
- |
|
Gain-Disposal of Residual Products |
0.2 |
- |
- |
- |
- |
|
Dividend Income |
0.2 |
- |
- |
- |
- |
|
Recovery of Loan Loss Reserve |
0.7 |
0.1 |
- |
2.8 |
- |
|
Interest Expenses |
-12.5 |
-10.8 |
-11.8 |
-9.9 |
-8.1 |
|
Loss-Redemption of Debentures |
- |
- |
-0.6 |
- |
- |
|
L-Mkt Secs Disposal |
0.0 |
-0.6 |
0.0 |
0.0 |
0.0 |
|
L-Tang Asset Disp. |
-0.2 |
-0.1 |
-1.2 |
-1.4 |
0.0 |
|
Loss-Disposal of Accounts Receivable |
- |
- |
0.0 |
- |
- |
|
L-Reduce Inventory |
- |
- |
- |
- |
0.0 |
|
Loss-Reduction of Development Expenses |
- |
-3.3 |
- |
- |
0.0 |
|
L-For Curr Transactn |
-6.4 |
-6.8 |
-18.3 |
-1.6 |
-2.1 |
|
L-For Exch Translatn |
-4.6 |
-0.8 |
-16.4 |
-2.7 |
-0.6 |
|
Loss-Valuation of Tangible Assets |
- |
- |
-0.5 |
- |
- |
|
Donations Paid |
-0.7 |
-0.8 |
-0.2 |
-0.2 |
-0.1 |
|
Bad Debt Expense |
- |
- |
0.0 |
- |
- |
|
Additional Income Taxes Paid |
- |
- |
- |
- |
-1.0 |
|
Maintenance Losses |
- |
- |
- |
- |
0.0 |
|
Other Non-Op Expense |
-0.9 |
-0.8 |
-1.1 |
-0.4 |
-0.2 |
|
Other Amortization |
- |
- |
- |
- |
-0.2 |
|
Net Income Before Taxes |
15.5 |
18.8 |
-24.0 |
3.9 |
-8.8 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
2.1 |
0.7 |
-0.5 |
1.2 |
-1.0 |
|
Net Income After Taxes |
13.4 |
18.2 |
-23.5 |
2.7 |
-7.8 |
|
|
|
|
|
|
|
|
Minority Interest Gain |
-0.3 |
-0.4 |
1.0 |
0.3 |
0.8 |
|
Net Income Before Extra. Items |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
Net Income |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
42.0 |
40.2 |
37.6 |
37.6 |
37.6 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.31 |
0.44 |
-0.60 |
0.08 |
-0.19 |
|
Basic EPS Including ExtraOrdinary Item |
0.31 |
0.44 |
-0.60 |
0.08 |
-0.19 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Diluted Net Income |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
Diluted Weighted Average Shares |
42.0 |
40.9 |
37.6 |
37.6 |
37.6 |
|
Diluted EPS Excluding ExtraOrd Items |
0.31 |
0.44 |
-0.60 |
0.08 |
-0.19 |
|
Diluted EPS Including ExtraOrd Items |
0.31 |
0.44 |
-0.60 |
0.08 |
-0.19 |
|
DPS-Common Stock |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
|
Gross Dividends - Common Stock |
2.2 |
2.0 |
1.7 |
2.0 |
2.0 |
|
Normalized Income Before Taxes |
15.5 |
18.8 |
-22.8 |
-2.9 |
-8.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
2.1 |
0.7 |
-0.1 |
-1.2 |
-1.0 |
|
Normalized Income After Taxes |
13.3 |
18.1 |
-22.8 |
-1.7 |
-7.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
13.0 |
17.7 |
-21.7 |
-1.4 |
-7.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.31 |
0.44 |
-0.58 |
-0.04 |
-0.19 |
|
Diluted Normalized EPS |
0.31 |
0.43 |
-0.58 |
-0.04 |
-0.19 |
|
R&D Expense, Supplemental |
11.2 |
11.1 |
4.3 |
2.8 |
2.4 |
|
Advertising Expense |
0.3 |
0.2 |
0.3 |
0.4 |
0.4 |
|
Interest Expense, Supplemental |
12.5 |
10.8 |
11.8 |
9.9 |
8.1 |
|
Amort of Intangibles, Supplemental |
2.4 |
1.3 |
1.8 |
1.9 |
2.8 |
|
Rental Expense, Supplemental |
0.4 |
0.4 |
0.2 |
0.1 |
0.1 |
|
Depreciation, Supplemental |
19.1 |
15.9 |
18.1 |
19.1 |
16.8 |
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 |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash and Cash Equivalents |
29.7 |
17.2 |
10.2 |
8.4 |
10.6 |
|
Government Subsidy for Cash and Cash Equ |
-1.1 |
- |
- |
- |
- |
|
ST Finl Assets |
0.2 |
0.7 |
0.5 |
3.2 |
0.0 |
|
ST Marketable Secs. |
- |
- |
0.0 |
0.0 |
0.0 |
|
Trade Rcvb Gross |
61.3 |
47.5 |
29.8 |
26.8 |
19.9 |
|
Doubtful Account |
-1.0 |
-0.7 |
-0.7 |
-0.5 |
-1.8 |
|
Short-term Loans |
0.0 |
- |
- |
- |
0.0 |
|
Other Rcvbls. |
4.5 |
3.6 |
3.5 |
3.1 |
2.6 |
|
Allowance for Doubtful Accounts for Othe |
0.0 |
- |
- |
- |
- |
|
Accrued Income |
0.2 |
0.2 |
0.2 |
0.4 |
0.3 |
|
Advance Payments |
4.5 |
4.8 |
3.6 |
3.5 |
3.4 |
|
Prepaid Expenses |
1.2 |
1.0 |
1.3 |
1.0 |
0.9 |
|
Dfrd Taxes |
1.9 |
1.3 |
1.1 |
0.5 |
0.4 |
|
Prepaid Taxes |
1.1 |
0.6 |
0.1 |
0.4 |
0.2 |
|
Prepaid VAT |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Finished Goods |
9.4 |
13.7 |
9.9 |
9.5 |
9.3 |
|
Allowance for Loss on Valuation of Finis |
-0.6 |
- |
- |
- |
- |
|
Merchandise |
4.9 |
1.4 |
1.1 |
2.4 |
1.2 |
|
Works in Process |
9.8 |
5.8 |
5.7 |
6.2 |
4.7 |
|
Allowance for Loss on Valuation of Works |
-0.5 |
- |
- |
- |
- |
|
Raw Materials |
31.0 |
18.6 |
16.8 |
19.1 |
13.5 |
|
Allowance for Loss on Valuation of Raw M |
-1.4 |
- |
- |
- |
- |
|
Stored Goods |
0.3 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Goods in Transit |
4.0 |
1.9 |
4.3 |
1.7 |
4.4 |
|
Total Current Assets |
159.4 |
117.6 |
87.5 |
85.9 |
69.8 |
|
|
|
|
|
|
|
|
LT Finl Assets |
0.4 |
0.3 |
0.0 |
0.4 |
0.4 |
|
LT Invest Secs. |
5.3 |
8.3 |
4.0 |
4.5 |
4.0 |
|
Long-term Trade Receivables |
1.2 |
1.4 |
2.5 |
3.8 |
2.5 |
|
Allowance for Doubtful Accounts for Long |
0.0 |
- |
- |
- |
- |
|
Long-term Loans |
2.1 |
1.9 |
1.6 |
4.5 |
4.4 |
|
LT Security Deposit |
3.0 |
1.8 |
1.5 |
3.5 |
3.3 |
|
LA Defer Tax Dbt |
1.4 |
1.7 |
0.9 |
4.5 |
5.3 |
|
Other Inv Assets |
- |
- |
3.0 |
3.0 |
0.0 |
|
Investment Securities under Equity Metho |
- |
- |
- |
4.0 |
- |
|
LT Advance Payment |
1.2 |
0.8 |
2.1 |
- |
- |
|
Land |
69.4 |
62.6 |
45.7 |
24.6 |
27.9 |
|
Buildings |
54.2 |
47.4 |
40.1 |
40.2 |
35.1 |
|
Buildings Depre. |
-9.1 |
-7.4 |
-5.7 |
-6.2 |
-5.5 |
|
Structures |
7.8 |
6.2 |
5.6 |
6.3 |
6.5 |
|
Structure Depre. |
-3.7 |
-3.1 |
-2.6 |
-3.2 |
-3.0 |
|
Machinery/Equip. |
198.2 |
183.0 |
158.9 |
187.9 |
175.7 |
|
Mach/Equip Depre |
-109.6 |
-95.3 |
-78.2 |
-87.7 |
-75.9 |
|
Mach/Equip - Gov't Subsidy |
-0.8 |
-0.7 |
-0.6 |
-0.6 |
-0.2 |
|
Transport Equip. |
3.8 |
3.0 |
2.8 |
3.4 |
3.3 |
|
Transport Deprec |
-2.4 |
-2.0 |
-2.0 |
-2.3 |
-2.1 |
|
Tools/Equipments |
37.5 |
30.7 |
23.4 |
25.6 |
22.8 |
|
Tool/Equip Depr. |
-24.2 |
-19.5 |
-14.7 |
-16.3 |
-13.8 |
|
Tools/Equipments - Gov't Subsidy |
-2.0 |
-1.2 |
-0.8 |
-1.3 |
-1.6 |
|
Fixtures |
8.1 |
7.1 |
5.9 |
7.1 |
6.3 |
|
Deprec. Fixtures |
-6.2 |
-5.4 |
-4.4 |
-5.1 |
-4.5 |
|
Capital Lease Asts |
3.9 |
10.6 |
7.5 |
9.1 |
9.3 |
|
Dep-Capital Lease |
-0.7 |
-7.2 |
-6.0 |
-6.1 |
-6.1 |
|
Construc in Prog |
19.2 |
4.2 |
4.5 |
21.0 |
15.2 |
|
Government Subsidy for Construction in P |
0.0 |
- |
- |
- |
- |
|
Indust.-Patent |
3.4 |
3.7 |
2.9 |
1.3 |
1.8 |
|
Development Costs |
14.7 |
9.3 |
10.9 |
12.9 |
10.0 |
|
Government Subsidy for Development Costs |
-4.2 |
- |
- |
- |
- |
|
Software |
2.7 |
1.1 |
1.3 |
1.4 |
0.7 |
|
Land Usufruct |
1.8 |
0.9 |
0.9 |
0.5 |
- |
|
Other Tangible Assets |
0.0 |
0.2 |
- |
- |
- |
|
Other Tangibles-Depreciation |
0.0 |
0.0 |
- |
- |
- |
|
Other LT Assets |
- |
- |
0.2 |
- |
- |
|
Other Fixed Assets |
0.2 |
0.2 |
0.2 |
- |
- |
|
Goodwill |
- |
- |
- |
- |
0.0 |
|
Total Assets |
436.2 |
362.5 |
298.9 |
326.4 |
291.3 |
|
|
|
|
|
|
|
|
Trade Payables |
22.3 |
18.3 |
6.2 |
14.6 |
10.1 |
|
ST Borrowings |
166.1 |
140.7 |
124.0 |
101.4 |
100.0 |
|
Accounts Payable |
9.3 |
6.5 |
7.7 |
3.6 |
5.1 |
|
Advance for Customers |
0.9 |
2.7 |
6.1 |
3.0 |
1.3 |
|
Unearned Income |
0.1 |
- |
- |
- |
- |
|
Deposit Withheld |
0.3 |
0.3 |
0.2 |
0.2 |
0.1 |
|
Income Taxes Payable |
0.6 |
- |
0.4 |
0.5 |
- |
|
Accrued Expenses |
4.9 |
3.9 |
4.5 |
4.4 |
4.5 |
|
Current LT Liabs. |
36.4 |
30.5 |
29.1 |
7.3 |
2.9 |
|
Total Current Liabilities |
240.9 |
202.9 |
178.2 |
135.0 |
124.1 |
|
|
|
|
|
|
|
|
LT Borrowings |
58.9 |
46.3 |
40.0 |
46.3 |
33.7 |
|
Capital Leases |
0.3 |
1.2 |
0.7 |
1.5 |
0.2 |
|
Bonds |
6.0 |
- |
- |
26.7 |
26.9 |
|
Bonds with Warrant |
- |
- |
- |
9.7 |
- |
|
Total Long Term Debt |
65.2 |
47.5 |
40.7 |
84.2 |
60.8 |
|
|
|
|
|
|
|
|
LT Acc'ts Payable |
5.4 |
4.8 |
4.1 |
5.2 |
4.1 |
|
Retire Reserve |
13.7 |
11.7 |
4.3 |
5.0 |
4.3 |
|
Rental Secur Dep |
1.4 |
1.3 |
1.2 |
0.7 |
2.9 |
|
LT Advances Rcvd |
- |
- |
- |
- |
0.0 |
|
Minority Intrst. |
3.9 |
1.1 |
0.3 |
1.3 |
1.6 |
|
Plan Assets |
-8.2 |
-7.2 |
- |
- |
- |
|
Transfer to National Pension Fund |
0.0 |
0.0 |
- |
- |
- |
|
Total Liabilities |
322.3 |
262.0 |
228.7 |
231.5 |
197.9 |
|
|
|
|
|
|
|
|
Common Stock |
18.5 |
18.1 |
14.9 |
20.1 |
20.2 |
|
Paid-in Capital |
51.3 |
50.0 |
39.4 |
53.0 |
53.3 |
|
Other Capital Surplus |
0.3 |
0.2 |
0.9 |
1.2 |
0.4 |
|
Legal Reserve |
3.6 |
3.3 |
2.9 |
3.6 |
3.4 |
|
Busines Rational |
- |
- |
- |
- |
2.6 |
|
Reserv-Voluntary |
21.1 |
6.0 |
5.6 |
7.5 |
9.7 |
|
Tech Devel Reser |
- |
0.1 |
0.2 |
0.6 |
1.0 |
|
Retained Carried |
-8.1 |
-2.4 |
-18.8 |
4.1 |
-3.3 |
|
Gain-Valuation of Tangible Assets |
17.1 |
16.7 |
15.4 |
- |
- |
|
Asset Revalued |
8.1 |
7.8 |
7.3 |
10.5 |
11.7 |
|
Oversea Op Trans |
2.3 |
0.7 |
2.4 |
-5.7 |
-5.6 |
|
Capital Changes under Equity Method |
-0.4 |
- |
- |
- |
- |
|
Total Equity |
113.8 |
100.5 |
70.2 |
95.0 |
93.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
436.2 |
362.5 |
298.9 |
326.4 |
291.3 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
42.0 |
42.0 |
37.6 |
37.6 |
37.6 |
|
Total Common Shares Outstanding |
42.0 |
42.0 |
37.6 |
37.6 |
37.6 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Revenue, Current |
1.0 |
2.7 |
6.1 |
3.0 |
1.3 |
|
Full-Time Employees |
707 |
648 |
544 |
528 |
494 |
|
Number of Common Shareholders |
- |
8,938 |
7,137 |
6,069 |
5,131 |
|
LT Debt 1 yr |
35.5 |
29.4 |
28.7 |
- |
2.7 |
|
LT Debt 2 yrs |
15.2 |
10.0 |
7.3 |
- |
4.5 |
|
LT Debt 3 yrs |
16.7 |
10.9 |
8.0 |
- |
6.9 |
|
LT Debt 4 yrs |
10.7 |
9.4 |
6.7 |
- |
14.4 |
|
LT Debt 5 yrs |
14.1 |
- |
8.0 |
- |
- |
|
LT Debt thereafter |
8.2 |
16.0 |
10.0 |
- |
8.0 |
|
Total Long Term Debt, Supplemental |
100.4 |
75.8 |
68.7 |
- |
36.4 |
|
Capital Lse 1 yr |
0.9 |
1.1 |
0.4 |
- |
0.2 |
|
Capital Lse 2 yrs |
0.3 |
1.0 |
0.4 |
- |
0.2 |
|
Capital Lease 3 Yrs |
- |
0.1 |
0.3 |
- |
- |
|
Total Capital Leases |
1.2 |
2.3 |
1.1 |
- |
0.5 |
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 |
Reclassified
Normal |
Reclassified
Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
13.4 |
18.2 |
-23.5 |
2.7 |
-7.0 |
|
Depreciation |
19.1 |
15.9 |
18.1 |
19.1 |
16.8 |
|
Amort. Intangible |
2.4 |
1.3 |
1.8 |
1.9 |
2.8 |
|
Recovery of Provision for Doubtful Ac |
-0.7 |
-0.1 |
-0.4 |
-3.4 |
- |
|
Expenses of Allowance for Doubtful Accou |
0.1 |
0.1 |
0.6 |
- |
2.5 |
|
Retirement Allowance |
3.5 |
2.5 |
2.1 |
2.7 |
2.4 |
|
Accrued Interest Expense |
- |
- |
0.4 |
- |
- |
|
Loss-Foreign Exchange Transaction |
- |
- |
0.4 |
- |
- |
|
Amort. of Discount |
- |
- |
- |
- |
0.1 |
|
Amort Discount Value |
- |
- |
- |
0.0 |
- |
|
L-For Exch Translatn |
2.5 |
0.8 |
15.5 |
2.7 |
0.6 |
|
Loss-Redemption of Bond |
- |
- |
0.6 |
- |
- |
|
L-Tang Asset Disp. |
0.2 |
0.1 |
1.2 |
1.4 |
0.0 |
|
L-Mkt Secs Disposal |
0.0 |
0.6 |
0.0 |
0.0 |
0.0 |
|
Loss-Valuation of Tangible Assets |
- |
- |
0.5 |
- |
- |
|
L-Value Finished Goods |
- |
- |
1.3 |
0.1 |
0.0 |
|
Loss-Reduction of Development Expenses |
- |
- |
- |
- |
0.0 |
|
G-For Exch Translatn |
-0.3 |
-5.0 |
-0.6 |
-0.1 |
-3.4 |
|
Gain-Disposal of Treasury Stock |
- |
- |
0.0 |
- |
- |
|
G-Tang Asset Disp. |
-0.1 |
-0.2 |
0.0 |
-8.2 |
-0.1 |
|
Gain on Return of Membership Rights |
- |
- |
- |
-0.2 |
- |
|
L-Minoryt Interest |
- |
- |
- |
- |
-0.8 |
|
Decrease or Increase in Trade Receivable |
-11.4 |
-14.0 |
-0.8 |
-3.0 |
5.9 |
|
Decrease or Increase in Long-term Trade |
0.3 |
2.2 |
- |
- |
- |
|
Acct Rcvbl |
-0.8 |
0.2 |
-0.8 |
-0.4 |
0.2 |
|
Accrued Inc |
0.0 |
0.0 |
0.2 |
-0.1 |
-0.3 |
|
Advanced Payment |
0.4 |
-0.8 |
-1.4 |
-0.1 |
-1.5 |
|
Prepaid Exp |
-0.2 |
0.4 |
-0.2 |
-0.2 |
0.1 |
|
Prepaid Income Taxes |
-0.5 |
-0.4 |
- |
- |
- |
|
Prepaid Value Added Taxes |
0.0 |
0.0 |
- |
- |
- |
|
LT Advance Payment |
-0.3 |
1.3 |
- |
- |
- |
|
Inventory |
-14.1 |
-0.5 |
-10.3 |
-6.3 |
-0.6 |
|
Deferred Taxes-Asset |
-0.1 |
-0.9 |
-3.0 |
0.6 |
-1.1 |
|
Trade Pay |
3.5 |
10.5 |
-16.9 |
-3.6 |
3.1 |
|
Account Payables |
2.6 |
-2.1 |
7.5 |
-1.5 |
-4.9 |
|
Increase or Decrease in Long-term Other |
0.5 |
0.3 |
- |
- |
- |
|
Advances Rcvd |
-1.8 |
-3.5 |
2.4 |
-0.2 |
-0.1 |
|
LT Advance Received |
- |
- |
- |
1.7 |
0.8 |
|
Increase or Decrease in Unearned Income |
0.1 |
- |
- |
- |
- |
|
Deposits Withheld |
-0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Accrued Exp. |
0.9 |
-0.8 |
1.3 |
-0.1 |
2.0 |
|
Accrued Income Taxes |
0.6 |
- |
0.2 |
0.5 |
-1.0 |
|
Pymt of Retire Allow |
-2.0 |
-1.2 |
-1.0 |
-1.2 |
-1.1 |
|
Natl Pension |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dep for Ret Ins |
- |
- |
1.6 |
0.9 |
-0.7 |
|
Retirement Pension Operation Assets |
-0.8 |
-1.5 |
-2.2 |
-1.6 |
- |
|
Cash from Operating Activities |
16.8 |
23.4 |
-5.6 |
4.2 |
14.8 |
|
|
|
|
|
|
|
|
Decrease-ST Financial Assets |
0.5 |
0.4 |
2.7 |
- |
0.9 |
|
Disposal-ST Marketable Securities |
- |
0.0 |
- |
- |
0.0 |
|
Disp of LT Market Secs. |
- |
- |
- |
- |
0.5 |
|
Dec-LT Finl Assets |
- |
- |
- |
- |
0.0 |
|
Decr-LT Loans |
- |
0.0 |
0.4 |
0.4 |
3.3 |
|
Dec-Guarantee Dep |
- |
- |
2.0 |
0.1 |
0.0 |
|
Dec-Lease Guarantee |
- |
-0.2 |
-0.1 |
-2.2 |
- |
|
Decr.-LT Acct Rcvbl |
- |
- |
0.0 |
1.1 |
- |
|
Decrease-Other Non-Current Liabilities |
0.1 |
0.1 |
0.0 |
- |
- |
|
Dec. Other Inv Asset |
- |
- |
1.1 |
0.1 |
- |
|
Disp of Invest Secs. |
- |
- |
0.3 |
0.0 |
0.0 |
|
Disposal Vehicles |
0.0 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Proceeds from Sale of Land |
0.0 |
- |
- |
13.2 |
- |
|
Disposal Mach./Equip |
0.8 |
0.5 |
0.1 |
0.0 |
0.3 |
|
Disposal-Tools & Supplies |
0.0 |
0.9 |
0.0 |
0.0 |
0.4 |
|
Proceeds from Sale of Construction in Pr |
- |
1.9 |
- |
0.0 |
1.7 |
|
Inc-Lease Guarantee |
0.1 |
0.0 |
2.5 |
0.0 |
0.0 |
|
Incr-LT Acc'ts Payable |
- |
0.3 |
0.3 |
1.1 |
1.3 |
|
Incr-Gov't Subsidy |
- |
- |
- |
0.4 |
1.3 |
|
Decrease in Membership Rights |
- |
- |
0.1 |
0.4 |
- |
|
Inc-ST Finl Assets |
0.0 |
-0.5 |
-0.6 |
-3.2 |
-0.2 |
|
Inc-LT Finl Assets |
-0.1 |
-0.3 |
0.0 |
0.0 |
-0.2 |
|
Increase in Short-term Loans |
0.0 |
- |
- |
- |
- |
|
Incr-LT Loans |
-0.1 |
-0.2 |
- |
0.0 |
-0.1 |
|
Increase-LT Advanced Payment |
- |
- |
-2.4 |
- |
- |
|
Increase-Other LT Assets |
0.0 |
-0.1 |
0.0 |
- |
- |
|
Inc Other Invt Ast |
-0.9 |
- |
-0.5 |
-3.8 |
- |
|
Increase-Investment Securities |
- |
-3.5 |
- |
- |
0.0 |
|
Acq-Securities under Equity Method |
- |
- |
- |
-4.8 |
-6.2 |
|
Increase in LT Rcvbl |
- |
- |
- |
- |
-0.1 |
|
Inc in Guarant Depos |
-1.1 |
-0.2 |
-1.5 |
-0.4 |
-0.4 |
|
Purchase of Land |
-0.2 |
- |
-3.6 |
- |
-7.6 |
|
Acquis. of Building |
-0.1 |
-0.4 |
-0.5 |
-0.1 |
-3.1 |
|
Purch. of Structure |
-0.3 |
-0.2 |
0.0 |
0.0 |
-0.1 |
|
Purch. of Machinery |
-2.5 |
-8.9 |
-3.5 |
-4.8 |
-15.5 |
|
Acq. of Vehicles |
-0.5 |
-0.4 |
-0.3 |
-0.2 |
-0.5 |
|
Acq. in Tools/Equip. |
-1.7 |
-1.0 |
-1.8 |
0.0 |
-4.8 |
|
Acquis. of Fixtures |
-0.5 |
-0.6 |
-0.7 |
-0.6 |
-0.7 |
|
Acq. Const. In Prog |
-31.0 |
-25.5 |
-19.7 |
-29.1 |
0.0 |
|
Inc-Mach. In Transit |
- |
- |
- |
- |
0.0 |
|
Acq of Capital Lease |
- |
- |
- |
-0.2 |
- |
|
Acq Intangible Asset |
-0.4 |
-1.2 |
-2.9 |
-0.3 |
-0.8 |
|
Increase in R&D Cost |
-2.0 |
-1.6 |
-0.3 |
-4.2 |
-3.3 |
|
Acquisition of Software |
-2.1 |
-0.1 |
-0.6 |
-0.9 |
- |
|
Cash from Investing Activities |
-41.8 |
-40.6 |
-29.3 |
-38.0 |
-33.8 |
|
|
|
|
|
|
|
|
Increase-Bond |
26.2 |
18.9 |
- |
- |
26.2 |
|
Inc/ST For Curr Borr |
- |
- |
- |
- |
20.6 |
|
Inc in LT Borrowings |
23.6 |
8.5 |
10.9 |
22.0 |
7.5 |
|
Inc/LT For Curr Borr |
- |
- |
- |
- |
3.7 |
|
Issuance of Bonds with Warrant |
- |
- |
- |
10.8 |
- |
|
Increase-Capital Lease Liabilities |
- |
1.8 |
- |
2.4 |
- |
|
Capital Increase |
- |
7.8 |
- |
- |
- |
|
Proceeds from ST Borrowing |
146.2 |
124.4 |
152.3 |
118.0 |
81.1 |
|
Disposal-Treasury Stock |
- |
- |
0.0 |
- |
0.0 |
|
Increase in ST Loan |
- |
- |
- |
- |
0.0 |
|
Decrease in ST Loans |
- |
- |
- |
- |
0.0 |
|
Dec of ST Borrowings |
-124.8 |
-117.2 |
-106.3 |
-115.0 |
-94.4 |
|
Dec ST Foreign Borrw |
- |
- |
- |
- |
-16.4 |
|
Dividends Paid |
-2.2 |
-1.5 |
-1.9 |
-2.0 |
-2.0 |
|
Dec-Curr LT Liabs |
- |
- |
- |
-2.9 |
-7.3 |
|
Dec-Cap Lease Liab. |
-0.9 |
- |
- |
- |
- |
|
Dec in LT Borrowings |
-9.2 |
-21.8 |
-11.1 |
-2.4 |
- |
|
Repayments of Bonds |
-20.8 |
- |
- |
- |
- |
|
Redemption-Bond with Warrant |
- |
- |
-9.1 |
- |
- |
|
Expense for Bond Issuance |
- |
- |
- |
-0.2 |
- |
|
Cash Outflow-Consolidation Scope Change |
-4.3 |
- |
3.9 |
- |
- |
|
Consolid Scope Adj. |
- |
- |
- |
- |
1.7 |
|
Cash Inflow-Other Financing Activities |
1.9 |
1.9 |
0.7 |
0.4 |
- |
|
Cash from Financing Activities |
35.7 |
22.8 |
39.4 |
31.0 |
20.7 |
|
|
|
|
|
|
|
|
Net Change in Cash |
10.7 |
5.6 |
4.5 |
-2.8 |
1.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
17.3 |
10.1 |
7.2 |
11.3 |
9.4 |
|
Net Cash - Ending Balance |
28.0 |
15.7 |
11.7 |
8.5 |
11.0 |
Financial
Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual
Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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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 |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
354.6 |
284.0 |
253.8 |
238.8 |
237.8 |
|
Revenue |
354.6 |
284.0 |
253.8 |
238.8 |
237.8 |
|
Total Revenue |
354.6 |
284.0 |
253.8 |
238.8 |
237.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
290.8 |
226.6 |
218.0 |
211.1 |
214.9 |
|
Cost of Revenue, Total |
290.8 |
226.6 |
218.0 |
211.1 |
214.9 |
|
Gross Profit |
63.8 |
57.4 |
35.9 |
27.7 |
22.9 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
17.2 |
13.1 |
13.1 |
14.3 |
17.1 |
|
Labor & Related Expense |
6.4 |
5.0 |
4.5 |
5.2 |
5.1 |
|
Advertising Expense |
0.3 |
0.2 |
0.3 |
0.4 |
0.4 |
|
Total Selling/General/Administrative Expenses |
23.9 |
18.4 |
17.9 |
19.8 |
22.6 |
|
Research & Development |
11.2 |
11.1 |
4.3 |
2.8 |
2.4 |
|
Depreciation |
1.7 |
1.0 |
0.8 |
1.4 |
1.3 |
|
Amortization of Intangibles |
0.4 |
0.2 |
0.2 |
0.1 |
0.7 |
|
Depreciation/Amortization |
2.1 |
1.3 |
1.0 |
1.5 |
2.0 |
|
Total Operating Expense |
328.1 |
257.3 |
241.1 |
235.2 |
242.0 |
|
|
|
|
|
|
|
|
Operating Income |
26.5 |
26.7 |
12.7 |
3.5 |
-4.2 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-12.5 |
-10.8 |
-11.8 |
-9.9 |
-8.1 |
|
Interest Expense, Net Non-Operating |
-12.5 |
-10.8 |
-11.8 |
-9.9 |
-8.1 |
|
Interest Income -
Non-Operating |
0.8 |
0.4 |
0.5 |
0.6 |
0.6 |
|
Investment Income -
Non-Operating |
-2.6 |
0.5 |
-24.1 |
-1.2 |
2.8 |
|
Interest/Investment Income - Non-Operating |
-1.8 |
0.9 |
-23.6 |
-0.6 |
3.4 |
|
Interest Income (Expense) - Net Non-Operating Total |
-14.3 |
-9.9 |
-35.4 |
-10.5 |
-4.7 |
|
Gain (Loss) on Sale of Assets |
0.0 |
0.1 |
-1.2 |
6.8 |
0.1 |
|
Other Non-Operating Income (Expense) |
3.3 |
2.0 |
-0.2 |
4.1 |
0.0 |
|
Other, Net |
3.3 |
2.0 |
-0.2 |
4.1 |
0.0 |
|
Income Before Tax |
15.5 |
18.8 |
-24.0 |
3.9 |
-8.8 |
|
|
|
|
|
|
|
|
Total Income Tax |
2.1 |
0.7 |
-0.5 |
1.2 |
-1.0 |
|
Income After Tax |
13.4 |
18.2 |
-23.5 |
2.7 |
-7.8 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.3 |
-0.4 |
1.0 |
0.3 |
0.8 |
|
Net Income Before Extraord Items |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
Net Income |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
42.0 |
40.2 |
37.6 |
37.6 |
37.6 |
|
Basic EPS Excl Extraord Items |
0.31 |
0.44 |
-0.60 |
0.08 |
-0.19 |
|
Basic/Primary EPS Incl Extraord Items |
0.31 |
0.44 |
-0.60 |
0.08 |
-0.19 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Diluted Net Income |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
Diluted Weighted Average Shares |
42.0 |
40.9 |
37.6 |
37.6 |
37.6 |
|
Diluted EPS Excl Extraord Items |
0.31 |
0.44 |
-0.60 |
0.08 |
-0.19 |
|
Diluted EPS Incl Extraord Items |
0.31 |
0.44 |
-0.60 |
0.08 |
-0.19 |
|
Dividends per Share - Common Stock Primary Issue |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
|
Gross Dividends - Common Stock |
2.2 |
2.0 |
1.7 |
2.0 |
2.0 |
|
Interest Expense, Supplemental |
12.5 |
10.8 |
11.8 |
9.9 |
8.1 |
|
Depreciation, Supplemental |
19.1 |
15.9 |
18.1 |
19.1 |
16.8 |
|
Total Special Items |
0.0 |
-0.1 |
1.2 |
-6.8 |
-0.1 |
|
Normalized Income Before Tax |
15.5 |
18.8 |
-22.8 |
-2.9 |
-8.9 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.0 |
0.4 |
-2.4 |
0.0 |
|
Inc Tax Ex Impact of Sp Items |
2.1 |
0.7 |
-0.1 |
-1.2 |
-1.0 |
|
Normalized Income After Tax |
13.3 |
18.1 |
-22.8 |
-1.7 |
-7.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
13.0 |
17.7 |
-21.7 |
-1.4 |
-7.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.31 |
0.44 |
-0.58 |
-0.04 |
-0.19 |
|
Diluted Normalized EPS |
0.31 |
0.43 |
-0.58 |
-0.04 |
-0.19 |
|
Amort of Intangibles, Supplemental |
2.4 |
1.3 |
1.8 |
1.9 |
2.8 |
|
Rental Expenses |
0.4 |
0.4 |
0.2 |
0.1 |
0.1 |
|
Advertising Expense, Supplemental |
0.3 |
0.2 |
0.3 |
0.4 |
0.4 |
|
Research & Development Exp, Supplemental |
11.2 |
11.1 |
4.3 |
2.8 |
2.4 |
|
Normalized EBIT |
26.5 |
26.7 |
12.7 |
3.5 |
-4.2 |
|
Normalized EBITDA |
48.0 |
43.8 |
32.7 |
24.5 |
15.4 |
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 |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong Accounting
Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
28.6 |
17.2 |
10.2 |
8.4 |
10.6 |
|
Short Term Investments |
0.2 |
0.7 |
0.5 |
3.2 |
0.0 |
|
Cash and Short Term Investments |
28.8 |
17.9 |
10.7 |
11.6 |
10.6 |
|
Accounts Receivable -
Trade, Gross |
61.3 |
47.5 |
29.8 |
26.8 |
19.9 |
|
Provision for Doubtful
Accounts |
-1.0 |
-0.7 |
-0.7 |
-0.5 |
-1.8 |
|
Trade Accounts Receivable - Net |
60.5 |
47.0 |
29.3 |
26.7 |
18.5 |
|
Other Receivables |
4.5 |
3.6 |
3.5 |
3.1 |
2.6 |
|
Total Receivables, Net |
65.0 |
50.5 |
32.8 |
29.8 |
21.1 |
|
Inventories - Finished Goods |
13.7 |
15.2 |
11.0 |
11.9 |
10.5 |
|
Inventories - Work In Progress |
9.3 |
5.8 |
5.7 |
6.2 |
4.7 |
|
Inventories - Raw Materials |
29.5 |
18.6 |
16.8 |
19.1 |
13.5 |
|
Inventories - Other |
8.8 |
6.8 |
8.0 |
5.3 |
7.8 |
|
Total Inventory |
61.4 |
46.3 |
41.5 |
42.5 |
36.4 |
|
Prepaid Expenses |
2.4 |
1.6 |
1.4 |
1.5 |
1.2 |
|
Deferred Income Tax - Current Asset |
1.9 |
1.3 |
1.1 |
0.5 |
0.4 |
|
Other Current Assets, Total |
1.9 |
1.3 |
1.1 |
0.5 |
0.4 |
|
Total Current Assets |
159.4 |
117.6 |
87.5 |
85.9 |
69.8 |
|
|
|
|
|
|
|
|
Buildings |
62.0 |
53.7 |
45.8 |
46.5 |
41.6 |
|
Land/Improvements |
69.4 |
62.6 |
45.7 |
24.6 |
27.9 |
|
Machinery/Equipment |
245.0 |
222.0 |
189.6 |
222.1 |
206.2 |
|
Construction in
Progress |
19.2 |
4.2 |
4.5 |
21.0 |
15.2 |
|
Leases |
3.9 |
10.6 |
7.5 |
9.1 |
9.3 |
|
Other
Property/Plant/Equipment |
0.0 |
0.2 |
- |
- |
- |
|
Property/Plant/Equipment - Gross |
399.6 |
353.2 |
293.0 |
323.3 |
300.2 |
|
Accumulated Depreciation |
-156.0 |
-139.9 |
-113.6 |
-127.0 |
-110.9 |
|
Property/Plant/Equipment - Net |
243.6 |
213.4 |
179.4 |
196.2 |
189.3 |
|
Goodwill, Net |
- |
- |
- |
- |
0.0 |
|
Intangibles, Net |
18.4 |
15.0 |
16.0 |
16.1 |
12.4 |
|
LT Investment - Affiliate Companies |
- |
- |
- |
4.0 |
- |
|
LT Investments - Other |
5.7 |
8.6 |
7.1 |
7.9 |
4.4 |
|
Long Term Investments |
5.7 |
8.6 |
7.1 |
11.9 |
4.4 |
|
Note Receivable - Long Term |
3.3 |
3.4 |
4.0 |
8.3 |
6.9 |
|
Deferred Income Tax - Long Term Asset |
1.4 |
1.7 |
0.9 |
4.5 |
5.3 |
|
Other Long Term Assets |
4.4 |
2.8 |
3.9 |
3.5 |
3.3 |
|
Other Long Term Assets, Total |
5.8 |
4.6 |
4.8 |
8.1 |
8.6 |
|
Total Assets |
436.2 |
362.5 |
298.9 |
326.4 |
291.3 |
|
|
|
|
|
|
|
|
Accounts Payable |
22.3 |
18.3 |
6.2 |
14.6 |
10.1 |
|
Accrued Expenses |
4.9 |
3.9 |
4.5 |
4.4 |
4.5 |
|
Notes Payable/Short Term Debt |
166.1 |
140.7 |
124.0 |
101.4 |
100.0 |
|
Current Portion - Long Term Debt/Capital Leases |
36.4 |
30.5 |
29.1 |
7.3 |
2.9 |
|
Customer Advances |
1.0 |
2.7 |
6.1 |
3.0 |
1.3 |
|
Income Taxes Payable |
0.6 |
- |
0.4 |
0.5 |
- |
|
Other Payables |
9.3 |
6.5 |
7.7 |
3.6 |
5.1 |
|
Other Current Liabilities |
0.3 |
0.3 |
0.2 |
0.2 |
0.1 |
|
Other Current liabilities, Total |
11.2 |
9.5 |
14.3 |
7.2 |
6.5 |
|
Total Current Liabilities |
240.9 |
202.9 |
178.2 |
135.0 |
124.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
64.9 |
46.3 |
40.0 |
82.7 |
60.6 |
|
Capital Lease Obligations |
0.3 |
1.2 |
0.7 |
1.5 |
0.2 |
|
Total Long Term Debt |
65.2 |
47.5 |
40.7 |
84.2 |
60.8 |
|
Total Debt |
267.7 |
218.7 |
193.9 |
192.9 |
163.7 |
|
|
|
|
|
|
|
|
Minority Interest |
3.9 |
1.1 |
0.3 |
1.3 |
1.6 |
|
Pension Benefits - Underfunded |
5.5 |
4.4 |
4.3 |
5.0 |
4.3 |
|
Other Long Term Liabilities |
6.9 |
6.0 |
5.3 |
5.9 |
7.0 |
|
Other Liabilities, Total |
12.3 |
10.5 |
9.6 |
11.0 |
11.4 |
|
Total Liabilities |
322.3 |
262.0 |
228.7 |
231.5 |
197.9 |
|
|
|
|
|
|
|
|
Common Stock |
18.5 |
18.1 |
14.9 |
20.1 |
20.2 |
|
Common Stock |
18.5 |
18.1 |
14.9 |
20.1 |
20.2 |
|
Additional Paid-In Capital |
51.5 |
50.2 |
40.2 |
54.1 |
53.7 |
|
Retained Earnings (Accumulated Deficit) |
16.6 |
7.0 |
-10.1 |
15.9 |
13.4 |
|
Unrealized Gain (Loss) |
24.8 |
24.6 |
22.7 |
10.5 |
11.7 |
|
Translation Adjustment |
2.3 |
0.7 |
2.4 |
-5.7 |
-5.6 |
|
Other Equity, Total |
2.3 |
0.7 |
2.4 |
-5.7 |
-5.6 |
|
Total Equity |
113.8 |
100.5 |
70.2 |
95.0 |
93.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
436.2 |
362.5 |
298.9 |
326.4 |
291.3 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
42.0 |
42.0 |
37.6 |
37.6 |
37.6 |
|
Total Common Shares Outstanding |
42.0 |
42.0 |
37.6 |
37.6 |
37.6 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
707 |
648 |
544 |
528 |
494 |
|
Number of Common Shareholders |
- |
8,938 |
7,137 |
6,069 |
5,131 |
|
Deferred Revenue - Current |
1.0 |
2.7 |
6.1 |
3.0 |
1.3 |
|
Total Long Term Debt, Supplemental |
100.4 |
75.8 |
68.7 |
- |
36.4 |
|
Long Term Debt Maturing within 1 Year |
35.5 |
29.4 |
28.7 |
- |
2.7 |
|
Long Term Debt Maturing in Year 2 |
15.2 |
10.0 |
7.3 |
- |
4.5 |
|
Long Term Debt Maturing in Year 3 |
16.7 |
10.9 |
8.0 |
- |
6.9 |
|
Long Term Debt Maturing in Year 4 |
10.7 |
9.4 |
6.7 |
- |
14.4 |
|
Long Term Debt Maturing in Year 5 |
14.1 |
- |
8.0 |
- |
- |
|
Long Term Debt Maturing in 2-3 Years |
31.9 |
20.9 |
15.3 |
- |
11.4 |
|
Long Term Debt Maturing in 4-5 Years |
24.8 |
9.4 |
14.7 |
- |
14.4 |
|
Long Term Debt Matur. in Year 6 & Beyond |
8.2 |
16.0 |
10.0 |
- |
8.0 |
|
Total Capital Leases, Supplemental |
1.2 |
2.3 |
1.1 |
- |
0.5 |
|
Capital Lease Payments Due in Year 1 |
0.9 |
1.1 |
0.4 |
- |
0.2 |
|
Capital Lease Payments Due in Year 2 |
0.3 |
1.0 |
0.4 |
- |
0.2 |
|
Capital Lease Payments Due in Year 3 |
- |
0.1 |
0.3 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
0.3 |
1.2 |
0.7 |
- |
0.2 |
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 |
Reclassified Normal |
Reclassified
Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Jungdong Accounting
Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
13.4 |
18.2 |
-23.5 |
2.7 |
-7.0 |
|
Depreciation |
19.1 |
15.9 |
18.1 |
19.1 |
16.8 |
|
Depreciation/Depletion |
19.1 |
15.9 |
18.1 |
19.1 |
16.8 |
|
Amortization of Intangibles |
2.4 |
1.3 |
1.8 |
1.9 |
2.8 |
|
Amortization |
2.4 |
1.3 |
1.8 |
1.9 |
2.8 |
|
Deferred Taxes |
-0.1 |
-0.9 |
-3.0 |
0.6 |
-1.1 |
|
Unusual Items |
0.1 |
0.5 |
3.6 |
-6.7 |
-0.1 |
|
Other Non-Cash Items |
5.1 |
-1.7 |
18.0 |
1.6 |
1.4 |
|
Non-Cash Items |
5.3 |
-1.2 |
21.6 |
-5.0 |
1.2 |
|
Accounts Receivable |
-12.0 |
-11.6 |
-1.4 |
-3.4 |
5.9 |
|
Inventories |
-13.6 |
-1.3 |
-11.8 |
-6.4 |
-2.0 |
|
Prepaid Expenses |
-1.1 |
1.3 |
-0.2 |
-0.2 |
0.1 |
|
Accounts Payable |
6.6 |
8.8 |
-9.5 |
-5.1 |
-1.8 |
|
Accrued Expenses |
0.9 |
-0.8 |
1.3 |
-0.1 |
2.0 |
|
Taxes Payable |
0.6 |
- |
0.2 |
0.5 |
-1.0 |
|
Other Liabilities |
-4.6 |
-6.1 |
0.8 |
-0.3 |
-1.1 |
|
Changes in Working Capital |
-23.2 |
-9.9 |
-20.7 |
-15.1 |
2.0 |
|
Cash from Operating Activities |
16.8 |
23.4 |
-5.6 |
4.2 |
14.8 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-36.7 |
-36.9 |
-30.1 |
-35.0 |
-32.3 |
|
Purchase/Acquisition of Intangibles |
-4.5 |
-2.9 |
-3.8 |
-5.5 |
-4.1 |
|
Capital Expenditures |
-41.2 |
-39.8 |
-33.9 |
-40.5 |
-36.4 |
|
Sale of Fixed Assets |
0.8 |
3.4 |
0.2 |
13.4 |
2.5 |
|
Sale/Maturity of Investment |
0.5 |
0.4 |
4.1 |
0.1 |
1.4 |
|
Purchase of Investments |
-1.0 |
-4.3 |
-1.1 |
-11.8 |
-6.6 |
|
Sale of Intangible Assets |
- |
- |
0.1 |
0.4 |
- |
|
Other Investing Cash Flow |
-0.9 |
-0.3 |
1.3 |
0.5 |
5.3 |
|
Other Investing Cash Flow Items, Total |
-0.6 |
-0.8 |
4.6 |
2.5 |
2.6 |
|
Cash from Investing Activities |
-41.8 |
-40.6 |
-29.3 |
-38.0 |
-33.8 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-2.4 |
3.6 |
4.6 |
-0.4 |
-5.6 |
|
Financing Cash Flow Items |
-2.4 |
3.6 |
4.6 |
-0.4 |
-5.6 |
|
Total Cash Dividends Paid |
-2.2 |
-1.5 |
-1.9 |
-2.0 |
-2.0 |
|
Sale/Issuance of Common |
- |
7.8 |
0.0 |
- |
0.0 |
|
Common Stock, Net |
- |
7.8 |
0.0 |
- |
0.0 |
|
Issuance (Retirement) of Stock, Net |
- |
7.8 |
0.0 |
- |
0.0 |
|
Short Term Debt Issued |
146.2 |
124.4 |
152.3 |
118.0 |
101.6 |
|
Short Term Debt
Reduction |
-124.8 |
-117.2 |
-106.3 |
-115.0 |
-110.8 |
|
Short Term Debt, Net |
21.3 |
7.2 |
46.0 |
3.0 |
-9.1 |
|
Long Term Debt Issued |
49.8 |
27.4 |
10.9 |
32.8 |
37.4 |
|
Long Term Debt
Reduction |
-30.9 |
-21.8 |
-20.2 |
-2.4 |
- |
|
Long Term Debt, Net |
19.0 |
5.6 |
-9.4 |
30.4 |
37.4 |
|
Issuance (Retirement) of Debt, Net |
40.3 |
12.8 |
36.6 |
33.4 |
28.2 |
|
Cash from Financing Activities |
35.7 |
22.8 |
39.4 |
31.0 |
20.7 |
|
|
|
|
|
|
|
|
Net Change in Cash |
10.7 |
5.6 |
4.5 |
-2.8 |
1.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
17.3 |
10.1 |
7.2 |
11.3 |
9.4 |
|
Net Cash - Ending Balance |
28.0 |
15.7 |
11.7 |
8.5 |
11.0 |
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 |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Finished Products |
274.7 |
262.1 |
244.9 |
220.0 |
210.8 |
|
Merchandise Revenues |
79.9 |
21.9 |
8.9 |
18.8 |
27.0 |
|
Total Revenue |
354.6 |
284.0 |
253.8 |
238.8 |
237.8 |
|
|
|
|
|
|
|
|
Cost-Finish Goods |
218.2 |
210.2 |
214.7 |
199.7 |
199.0 |
|
Merchandise Cost |
72.6 |
16.4 |
3.3 |
11.4 |
15.9 |
|
Salaries and Wages |
5.0 |
2.9 |
3.0 |
3.5 |
3.2 |
|
Bonuses |
- |
0.7 |
0.7 |
0.9 |
0.8 |
|
Retirement Allowance |
0.7 |
0.4 |
0.3 |
0.2 |
0.5 |
|
Employee Benefits |
0.7 |
1.0 |
0.5 |
0.7 |
0.7 |
|
Travel Expenses |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Communication Exp. |
0.3 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Utility Expenses |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Taxes and Dues |
0.6 |
0.3 |
0.4 |
0.3 |
0.3 |
|
Rental Expenses |
0.4 |
0.4 |
0.2 |
0.1 |
0.1 |
|
Repair Expenses |
0.0 |
0.0 |
0.3 |
0.0 |
0.0 |
|
Insurance Expenses |
0.1 |
0.1 |
0.2 |
0.1 |
0.1 |
|
Entertainment |
0.6 |
0.4 |
0.4 |
0.5 |
0.4 |
|
Overseas Mkt Develop |
1.9 |
1.4 |
1.1 |
1.1 |
1.2 |
|
Consumable Expense |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Printing Expenses |
0.1 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Commissions Paid |
2.5 |
2.2 |
1.6 |
1.9 |
2.7 |
|
Other Exporting Exp |
4.9 |
5.4 |
6.0 |
6.6 |
6.7 |
|
Shipping/Handling |
4.2 |
1.6 |
1.3 |
1.6 |
1.6 |
|
Vehicle Expenses |
0.4 |
0.3 |
0.3 |
0.3 |
0.2 |
|
Expenses for Samples |
0.7 |
0.4 |
0.2 |
0.4 |
0.1 |
|
Amort. of Bad Debts |
0.1 |
0.1 |
0.1 |
0.1 |
2.5 |
|
Advertising Expenses |
0.3 |
0.2 |
0.3 |
0.4 |
0.4 |
|
Depreciation Expense |
1.7 |
1.0 |
0.8 |
1.4 |
1.3 |
|
Amort-Intangibles |
0.4 |
0.2 |
0.2 |
0.1 |
0.7 |
|
Research & Develop. |
11.2 |
11.1 |
4.3 |
2.8 |
2.4 |
|
Education & Training |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Miscellaneous Operating Expense |
0.0 |
0.0 |
0.1 |
0.6 |
0.4 |
|
Total Operating Expense |
328.1 |
257.3 |
241.1 |
235.2 |
242.0 |
|
|
|
|
|
|
|
|
Interest Income |
0.8 |
0.4 |
0.5 |
0.6 |
0.6 |
|
Rental Income |
1.8 |
0.3 |
0.2 |
0.6 |
0.6 |
|
G-For Curr Transactn |
5.3 |
7.0 |
9.9 |
2.8 |
2.2 |
|
G-For Exch Translatn |
2.8 |
5.0 |
1.2 |
0.1 |
3.4 |
|
Fees and Commissions Received |
- |
0.1 |
0.1 |
0.1 |
0.0 |
|
Other Non-Op Income |
2.3 |
3.1 |
1.6 |
1.2 |
1.0 |
|
G-Tang Asset Disp. |
0.1 |
0.2 |
0.0 |
8.2 |
0.1 |
|
G-Mkt Secs Disposal |
- |
- |
- |
0.2 |
- |
|
Gain-Disposal of Residual Products |
0.2 |
- |
- |
- |
- |
|
Dividend Income |
0.2 |
- |
- |
- |
- |
|
Recovery of Loan Loss Reserve |
0.7 |
0.1 |
- |
2.8 |
- |
|
Interest Expenses |
-12.5 |
-10.8 |
-11.8 |
-9.9 |
-8.1 |
|
Loss-Redemption of Debentures |
- |
- |
-0.6 |
- |
- |
|
L-Mkt Secs Disposal |
0.0 |
-0.6 |
0.0 |
0.0 |
0.0 |
|
L-Tang Asset Disp. |
-0.2 |
-0.1 |
-1.2 |
-1.4 |
0.0 |
|
Loss-Disposal of Accounts Receivable |
- |
- |
0.0 |
- |
- |
|
L-Reduce Inventory |
- |
- |
- |
- |
0.0 |
|
Loss-Reduction of Development Expenses |
- |
-3.3 |
- |
- |
0.0 |
|
L-For Curr Transactn |
-6.4 |
-6.8 |
-18.3 |
-1.6 |
-2.1 |
|
L-For Exch Translatn |
-4.6 |
-0.8 |
-16.4 |
-2.7 |
-0.6 |
|
Loss-Valuation of Tangible Assets |
- |
- |
-0.5 |
- |
- |
|
Donations Paid |
-0.7 |
-0.8 |
-0.2 |
-0.2 |
-0.1 |
|
Bad Debt Expense |
- |
- |
0.0 |
- |
- |
|
Additional Income Taxes Paid |
- |
- |
- |
- |
-1.0 |
|
Maintenance Losses |
- |
- |
- |
- |
0.0 |
|
Other Non-Op Expense |
-0.9 |
-0.8 |
-1.1 |
-0.4 |
-0.2 |
|
Other Amortization |
- |
- |
- |
- |
-0.2 |
|
Net Income Before Taxes |
15.5 |
18.8 |
-24.0 |
3.9 |
-8.8 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
2.1 |
0.7 |
-0.5 |
1.2 |
-1.0 |
|
Net Income After Taxes |
13.4 |
18.2 |
-23.5 |
2.7 |
-7.8 |
|
|
|
|
|
|
|
|
Minority Interest Gain |
-0.3 |
-0.4 |
1.0 |
0.3 |
0.8 |
|
Net Income Before Extra. Items |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
Net Income |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
42.0 |
40.2 |
37.6 |
37.6 |
37.6 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.31 |
0.44 |
-0.60 |
0.08 |
-0.19 |
|
Basic EPS Including ExtraOrdinary Item |
0.31 |
0.44 |
-0.60 |
0.08 |
-0.19 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Diluted Net Income |
13.1 |
17.8 |
-22.5 |
3.0 |
-7.0 |
|
Diluted Weighted Average Shares |
42.0 |
40.9 |
37.6 |
37.6 |
37.6 |
|
Diluted EPS Excluding ExtraOrd Items |
0.31 |
0.44 |
-0.60 |
0.08 |
-0.19 |
|
Diluted EPS Including ExtraOrd Items |
0.31 |
0.44 |
-0.60 |
0.08 |
-0.19 |
|
DPS-Common Stock |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
|
Gross Dividends - Common Stock |
2.2 |
2.0 |
1.7 |
2.0 |
2.0 |
|
Normalized Income Before Taxes |
15.5 |
18.8 |
-22.8 |
-2.9 |
-8.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
2.1 |
0.7 |
-0.1 |
-1.2 |
-1.0 |
|
Normalized Income After Taxes |
13.3 |
18.1 |
-22.8 |
-1.7 |
-7.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
13.0 |
17.7 |
-21.7 |
-1.4 |
-7.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.31 |
0.44 |
-0.58 |
-0.04 |
-0.19 |
|
Diluted Normalized EPS |
0.31 |
0.43 |
-0.58 |
-0.04 |
-0.19 |
|
R&D Expense, Supplemental |
11.2 |
11.1 |
4.3 |
2.8 |
2.4 |
|
Advertising Expense |
0.3 |
0.2 |
0.3 |
0.4 |
0.4 |
|
Interest Expense, Supplemental |
12.5 |
10.8 |
11.8 |
9.9 |
8.1 |
|
Amort of Intangibles, Supplemental |
2.4 |
1.3 |
1.8 |
1.9 |
2.8 |
|
Rental Expense, Supplemental |
0.4 |
0.4 |
0.2 |
0.1 |
0.1 |
|
Depreciation, Supplemental |
19.1 |
15.9 |
18.1 |
19.1 |
16.8 |
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 |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash and Cash Equivalents |
29.7 |
17.2 |
10.2 |
8.4 |
10.6 |
|
Government Subsidy for Cash and Cash Equ |
-1.1 |
- |
- |
- |
- |
|
ST Finl Assets |
0.2 |
0.7 |
0.5 |
3.2 |
0.0 |
|
ST Marketable Secs. |
- |
- |
0.0 |
0.0 |
0.0 |
|
Trade Rcvb Gross |
61.3 |
47.5 |
29.8 |
26.8 |
19.9 |
|
Doubtful Account |
-1.0 |
-0.7 |
-0.7 |
-0.5 |
-1.8 |
|
Short-term Loans |
0.0 |
- |
- |
- |
0.0 |
|
Other Rcvbls. |
4.5 |
3.6 |
3.5 |
3.1 |
2.6 |
|
Allowance for Doubtful Accounts for Othe |
0.0 |
- |
- |
- |
- |
|
Accrued Income |
0.2 |
0.2 |
0.2 |
0.4 |
0.3 |
|
Advance Payments |
4.5 |
4.8 |
3.6 |
3.5 |
3.4 |
|
Prepaid Expenses |
1.2 |
1.0 |
1.3 |
1.0 |
0.9 |
|
Dfrd Taxes |
1.9 |
1.3 |
1.1 |
0.5 |
0.4 |
|
Prepaid Taxes |
1.1 |
0.6 |
0.1 |
0.4 |
0.2 |
|
Prepaid VAT |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Finished Goods |
9.4 |
13.7 |
9.9 |
9.5 |
9.3 |
|
Allowance for Loss on Valuation of Finis |
-0.6 |
- |
- |
- |
- |
|
Merchandise |
4.9 |
1.4 |
1.1 |
2.4 |
1.2 |
|
Works in Process |
9.8 |
5.8 |
5.7 |
6.2 |
4.7 |
|
Allowance for Loss on Valuation of Works |
-0.5 |
- |
- |
- |
- |
|
Raw Materials |
31.0 |
18.6 |
16.8 |
19.1 |
13.5 |
|
Allowance for Loss on Valuation of Raw M |
-1.4 |
- |
- |
- |
- |
|
Stored Goods |
0.3 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Goods in Transit |
4.0 |
1.9 |
4.3 |
1.7 |
4.4 |
|
Total Current Assets |
159.4 |
117.6 |
87.5 |
85.9 |
69.8 |
|
|
|
|
|
|
|
|
LT Finl Assets |
0.4 |
0.3 |
0.0 |
0.4 |
0.4 |
|
LT Invest Secs. |
5.3 |
8.3 |
4.0 |
4.5 |
4.0 |
|
Long-term Trade Receivables |
1.2 |
1.4 |
2.5 |
3.8 |
2.5 |
|
Allowance for Doubtful Accounts for Long |
0.0 |
- |
- |
- |
- |
|
Long-term Loans |
2.1 |
1.9 |
1.6 |
4.5 |
4.4 |
|
LT Security Deposit |
3.0 |
1.8 |
1.5 |
3.5 |
3.3 |
|
LA Defer Tax Dbt |
1.4 |
1.7 |
0.9 |
4.5 |
5.3 |
|
Other Inv Assets |
- |
- |
3.0 |
3.0 |
0.0 |
|
Investment Securities under Equity Metho |
- |
- |
- |
4.0 |
- |
|
LT Advance Payment |
1.2 |
0.8 |
2.1 |
- |
- |
|
Land |
69.4 |
62.6 |
45.7 |
24.6 |
27.9 |
|
Buildings |
54.2 |
47.4 |
40.1 |
40.2 |
35.1 |
|
Buildings Depre. |
-9.1 |
-7.4 |
-5.7 |
-6.2 |
-5.5 |
|
Structures |
7.8 |
6.2 |
5.6 |
6.3 |
6.5 |
|
Structure Depre. |
-3.7 |
-3.1 |
-2.6 |
-3.2 |
-3.0 |
|
Machinery/Equip. |
198.2 |
183.0 |
158.9 |
187.9 |
175.7 |
|
Mach/Equip Depre |
-109.6 |
-95.3 |
-78.2 |
-87.7 |
-75.9 |
|
Mach/Equip - Gov't Subsidy |
-0.8 |
-0.7 |
-0.6 |
-0.6 |
-0.2 |
|
Transport Equip. |
3.8 |
3.0 |
2.8 |
3.4 |
3.3 |
|
Transport Deprec |
-2.4 |
-2.0 |
-2.0 |
-2.3 |
-2.1 |
|
Tools/Equipments |
37.5 |
30.7 |
23.4 |
25.6 |
22.8 |
|
Tool/Equip Depr. |
-24.2 |
-19.5 |
-14.7 |
-16.3 |
-13.8 |
|
Tools/Equipments - Gov't Subsidy |
-2.0 |
-1.2 |
-0.8 |
-1.3 |
-1.6 |
|
Fixtures |
8.1 |
7.1 |
5.9 |
7.1 |
6.3 |
|
Deprec. Fixtures |
-6.2 |
-5.4 |
-4.4 |
-5.1 |
-4.5 |
|
Capital Lease Asts |
3.9 |
10.6 |
7.5 |
9.1 |
9.3 |
|
Dep-Capital Lease |
-0.7 |
-7.2 |
-6.0 |
-6.1 |
-6.1 |
|
Construc in Prog |
19.2 |
4.2 |
4.5 |
21.0 |
15.2 |
|
Government Subsidy for Construction in P |
0.0 |
- |
- |
- |
- |
|
Indust.-Patent |
3.4 |
3.7 |
2.9 |
1.3 |
1.8 |
|
Development Costs |
14.7 |
9.3 |
10.9 |
12.9 |
10.0 |
|
Government Subsidy for Development Costs |
-4.2 |
- |
- |
- |
- |
|
Software |
2.7 |
1.1 |
1.3 |
1.4 |
0.7 |
|
Land Usufruct |
1.8 |
0.9 |
0.9 |
0.5 |
- |
|
Other Tangible Assets |
0.0 |
0.2 |
- |
- |
- |
|
Other Tangibles-Depreciation |
0.0 |
0.0 |
- |
- |
- |
|
Other LT Assets |
- |
- |
0.2 |
- |
- |
|
Other Fixed Assets |
0.2 |
0.2 |
0.2 |
- |
- |
|
Goodwill |
- |
- |
- |
- |
0.0 |
|
Total Assets |
436.2 |
362.5 |
298.9 |
326.4 |
291.3 |
|
|
|
|
|
|
|
|
Trade Payables |
22.3 |
18.3 |
6.2 |
14.6 |
10.1 |
|
ST Borrowings |
166.1 |
140.7 |
124.0 |
101.4 |
100.0 |
|
Accounts Payable |
9.3 |
6.5 |
7.7 |
3.6 |
5.1 |
|
Advance for Customers |
0.9 |
2.7 |
6.1 |
3.0 |
1.3 |
|
Unearned Income |
0.1 |
- |
- |
- |
- |
|
Deposit Withheld |
0.3 |
0.3 |
0.2 |
0.2 |
0.1 |
|
Income Taxes Payable |
0.6 |
- |
0.4 |
0.5 |
- |
|
Accrued Expenses |
4.9 |
3.9 |
4.5 |
4.4 |
4.5 |
|
Current LT Liabs. |
36.4 |
30.5 |
29.1 |
7.3 |
2.9 |
|
Total Current Liabilities |
240.9 |
202.9 |
178.2 |
135.0 |
124.1 |
|
|
|
|
|
|
|
|
LT Borrowings |
58.9 |
46.3 |
40.0 |
46.3 |
33.7 |
|
Capital Leases |
0.3 |
1.2 |
0.7 |
1.5 |
0.2 |
|
Bonds |
6.0 |
- |
- |
26.7 |
26.9 |
|
Bonds with Warrant |
- |
- |
- |
9.7 |
- |
|
Total Long Term Debt |
65.2 |
47.5 |
40.7 |
84.2 |
60.8 |
|
|
|
|
|
|
|
|
LT Acc'ts Payable |
5.4 |
4.8 |
4.1 |
5.2 |
4.1 |
|
Retire Reserve |
13.7 |
11.7 |
4.3 |
5.0 |
4.3 |
|
Rental Secur Dep |
1.4 |
1.3 |
1.2 |
0.7 |
2.9 |
|
LT Advances Rcvd |
- |
- |
- |
- |
0.0 |
|
Minority Intrst. |
3.9 |
1.1 |
0.3 |
1.3 |
1.6 |
|
Plan Assets |
-8.2 |
-7.2 |
- |
- |
- |
|
Transfer to National Pension Fund |
0.0 |
0.0 |
- |
- |
- |
|
Total Liabilities |
322.3 |
262.0 |
228.7 |
231.5 |
197.9 |
|
|
|
|
|
|
|
|
Common Stock |
18.5 |
18.1 |
14.9 |
20.1 |
20.2 |
|
Paid-in Capital |
51.3 |
50.0 |
39.4 |
53.0 |
53.3 |
|
Other Capital Surplus |
0.3 |
0.2 |
0.9 |
1.2 |
0.4 |
|
Legal Reserve |
3.6 |
3.3 |
2.9 |
3.6 |
3.4 |
|
Busines Rational |
- |
- |
- |
- |
2.6 |
|
Reserv-Voluntary |
21.1 |
6.0 |
5.6 |
7.5 |
9.7 |
|
Tech Devel Reser |
- |
0.1 |
0.2 |
0.6 |
1.0 |
|
Retained Carried |
-8.1 |
-2.4 |
-18.8 |
4.1 |
-3.3 |
|
Gain-Valuation of Tangible Assets |
17.1 |
16.7 |
15.4 |
- |
- |
|
Asset Revalued |
8.1 |
7.8 |
7.3 |
10.5 |
11.7 |
|
Oversea Op Trans |
2.3 |
0.7 |
2.4 |
-5.7 |
-5.6 |
|
Capital Changes under Equity Method |
-0.4 |
- |
- |
- |
- |
|
Total Equity |
113.8 |
100.5 |
70.2 |
95.0 |
93.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
436.2 |
362.5 |
298.9 |
326.4 |
291.3 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
42.0 |
42.0 |
37.6 |
37.6 |
37.6 |
|
Total Common Shares Outstanding |
42.0 |
42.0 |
37.6 |
37.6 |
37.6 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Revenue, Current |
1.0 |
2.7 |
6.1 |
3.0 |
1.3 |
|
Full-Time Employees |
707 |
648 |
544 |
528 |
494 |
|
Number of Common Shareholders |
- |
8,938 |
7,137 |
6,069 |
5,131 |
|
LT Debt 1 yr |
35.5 |
29.4 |
28.7 |
- |
2.7 |
|
LT Debt 2 yrs |
15.2 |
10.0 |
7.3 |
- |
4.5 |
|
LT Debt 3 yrs |
16.7 |
10.9 |
8.0 |
- |
6.9 |
|
LT Debt 4 yrs |
10.7 |
9.4 |
6.7 |
- |
14.4 |
|
LT Debt 5 yrs |
14.1 |
- |
8.0 |
- |
- |
|
LT Debt thereafter |
8.2 |
16.0 |
10.0 |
- |
8.0 |
|
Total Long Term Debt, Supplemental |
100.4 |
75.8 |
68.7 |
- |
36.4 |
|
Capital Lse 1 yr |
0.9 |
1.1 |
0.4 |
- |
0.2 |
|
Capital Lse 2 yrs |
0.3 |
1.0 |
0.4 |
- |
0.2 |
|
Capital Lease 3 Yrs |
- |
0.1 |
0.3 |
- |
- |
|
Total Capital Leases |
1.2 |
2.3 |
1.1 |
- |
0.5 |
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 |
Reclassified
Normal |
Reclassified
Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Jungdong
Accounting Corp. |
Daejoo
Accounting Corp. |
Daejoo
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
13.4 |
18.2 |
-23.5 |
2.7 |
-7.0 |
|
Depreciation |
19.1 |
15.9 |
18.1 |
19.1 |
16.8 |
|
Amort. Intangible |
2.4 |
1.3 |
1.8 |
1.9 |
2.8 |
|
Recovery of Provision for Doubtful Ac |
-0.7 |
-0.1 |
-0.4 |
-3.4 |
- |
|
Expenses of Allowance for Doubtful Accou |
0.1 |
0.1 |
0.6 |
- |
2.5 |
|
Retirement Allowance |
3.5 |
2.5 |
2.1 |
2.7 |
2.4 |
|
Accrued Interest Expense |
- |
- |
0.4 |
- |
- |
|
Loss-Foreign Exchange Transaction |
- |
- |
0.4 |
- |
- |
|
Amort. of Discount |
- |
- |
- |
- |
0.1 |
|
Amort Discount Value |
- |
- |
- |
0.0 |
- |
|
L-For Exch Translatn |
2.5 |
0.8 |
15.5 |
2.7 |
0.6 |
|
Loss-Redemption of Bond |
- |
- |
0.6 |
- |
- |
|
L-Tang Asset Disp. |
0.2 |
0.1 |
1.2 |
1.4 |
0.0 |
|
L-Mkt Secs Disposal |
0.0 |
0.6 |
0.0 |
0.0 |
0.0 |
|
Loss-Valuation of Tangible Assets |
- |
- |
0.5 |
- |
- |
|
L-Value Finished Goods |
- |
- |
1.3 |
0.1 |
0.0 |
|
Loss-Reduction of Development Expenses |
- |
- |
- |
- |
0.0 |
|
G-For Exch Translatn |
-0.3 |
-5.0 |
-0.6 |
-0.1 |
-3.4 |
|
Gain-Disposal of Treasury Stock |
- |
- |
0.0 |
- |
- |
|
G-Tang Asset Disp. |
-0.1 |
-0.2 |
0.0 |
-8.2 |
-0.1 |
|
Gain on Return of Membership Rights |
- |
- |
- |
-0.2 |
- |
|
L-Minoryt Interest |
- |
- |
- |
- |
-0.8 |
|
Decrease or Increase in Trade Receivable |
-11.4 |
-14.0 |
-0.8 |
-3.0 |
5.9 |
|
Decrease or Increase in Long-term Trade |
0.3 |
2.2 |
- |
- |
- |
|
Acct Rcvbl |
-0.8 |
0.2 |
-0.8 |
-0.4 |
0.2 |
|
Accrued Inc |
0.0 |
0.0 |
0.2 |
-0.1 |
-0.3 |
|
Advanced Payment |
0.4 |
-0.8 |
-1.4 |
-0.1 |
-1.5 |
|
Prepaid Exp |
-0.2 |
0.4 |
-0.2 |
-0.2 |
0.1 |
|
Prepaid Income Taxes |
-0.5 |
-0.4 |
- |
- |
- |
|
Prepaid Value Added Taxes |
0.0 |
0.0 |
- |
- |
- |
|
LT Advance Payment |
-0.3 |
1.3 |
- |
- |
- |
|
Inventory |
-14.1 |
-0.5 |
-10.3 |
-6.3 |
-0.6 |
|
Deferred Taxes-Asset |
-0.1 |
-0.9 |
-3.0 |
0.6 |
-1.1 |
|
Trade Pay |
3.5 |
10.5 |
-16.9 |
-3.6 |
3.1 |
|
Account Payables |
2.6 |
-2.1 |
7.5 |
-1.5 |
-4.9 |
|
Increase or Decrease in Long-term Other |
0.5 |
0.3 |
- |
- |
- |
|
Advances Rcvd |
-1.8 |
-3.5 |
2.4 |
-0.2 |
-0.1 |
|
LT Advance Received |
- |
- |
- |
1.7 |
0.8 |
|
Increase or Decrease in Unearned Income |
0.1 |
- |
- |
- |
- |
|
Deposits Withheld |
-0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Accrued Exp. |
0.9 |
-0.8 |
1.3 |
-0.1 |
2.0 |
|
Accrued Income Taxes |
0.6 |
- |
0.2 |
0.5 |
-1.0 |
|
Pymt of Retire Allow |
-2.0 |
-1.2 |
-1.0 |
-1.2 |
-1.1 |
|
Natl Pension |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dep for Ret Ins |
- |
- |
1.6 |
0.9 |
-0.7 |
|
Retirement Pension Operation Assets |
-0.8 |
-1.5 |
-2.2 |
-1.6 |
- |
|
Cash from Operating Activities |
16.8 |
23.4 |
-5.6 |
4.2 |
14.8 |
|
|
|
|
|
|
|
|
Decrease-ST Financial Assets |
0.5 |
0.4 |
2.7 |
- |
0.9 |
|
Disposal-ST Marketable Securities |
- |
0.0 |
- |
- |
0.0 |
|
Disp of LT Market Secs. |
- |
- |
- |
- |
0.5 |
|
Dec-LT Finl Assets |
- |
- |
- |
- |
0.0 |
|
Decr-LT Loans |
- |
0.0 |
0.4 |
0.4 |
3.3 |
|
Dec-Guarantee Dep |
- |
- |
2.0 |
0.1 |
0.0 |
|
Dec-Lease Guarantee |
- |
-0.2 |
-0.1 |
-2.2 |
- |
|
Decr.-LT Acct Rcvbl |
- |
- |
0.0 |
1.1 |
- |
|
Decrease-Other Non-Current Liabilities |
0.1 |
0.1 |
0.0 |
- |
- |
|
Dec. Other Inv Asset |
- |
- |
1.1 |
0.1 |
- |
|
Disp of Invest Secs. |
- |
- |
0.3 |
0.0 |
0.0 |
|
Disposal Vehicles |
0.0 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Proceeds from Sale of Land |
0.0 |
- |
- |
13.2 |
- |
|
Disposal Mach./Equip |
0.8 |
0.5 |
0.1 |
0.0 |
0.3 |
|
Disposal-Tools & Supplies |
0.0 |
0.9 |
0.0 |
0.0 |
0.4 |
|
Proceeds from Sale of Construction in Pr |
- |
1.9 |
- |
0.0 |
1.7 |
|
Inc-Lease Guarantee |
0.1 |
0.0 |
2.5 |
0.0 |
0.0 |
|
Incr-LT Acc'ts Payable |
- |
0.3 |
0.3 |
1.1 |
1.3 |
|
Incr-Gov't Subsidy |
- |
- |
- |
0.4 |
1.3 |
|
Decrease in Membership Rights |
- |
- |
0.1 |
0.4 |
- |
|
Inc-ST Finl Assets |
0.0 |
-0.5 |
-0.6 |
-3.2 |
-0.2 |
|
Inc-LT Finl Assets |
-0.1 |
-0.3 |
0.0 |
0.0 |
-0.2 |
|
Increase in Short-term Loans |
0.0 |
- |
- |
- |
- |
|
Incr-LT Loans |
-0.1 |
-0.2 |
- |
0.0 |
-0.1 |
|
Increase-LT Advanced Payment |
- |
- |
-2.4 |
- |
- |
|
Increase-Other LT Assets |
0.0 |
-0.1 |
0.0 |
- |
- |
|
Inc Other Invt Ast |
-0.9 |
- |
-0.5 |
-3.8 |
- |
|
Increase-Investment Securities |
- |
-3.5 |
- |
- |
0.0 |
|
Acq-Securities under Equity Method |
- |
- |
- |
-4.8 |
-6.2 |
|
Increase in LT Rcvbl |
- |
- |
- |
- |
-0.1 |
|
Inc in Guarant Depos |
-1.1 |
-0.2 |
-1.5 |
-0.4 |
-0.4 |
|
Purchase of Land |
-0.2 |
- |
-3.6 |
- |
-7.6 |
|
Acquis. of Building |
-0.1 |
-0.4 |
-0.5 |
-0.1 |
-3.1 |
|
Purch. of Structure |
-0.3 |
-0.2 |
0.0 |
0.0 |
-0.1 |
|
Purch. of Machinery |
-2.5 |
-8.9 |
-3.5 |
-4.8 |
-15.5 |
|
Acq. of Vehicles |
-0.5 |
-0.4 |
-0.3 |
-0.2 |
-0.5 |
|
Acq. in Tools/Equip. |
-1.7 |
-1.0 |
-1.8 |
0.0 |
-4.8 |
|
Acquis. of Fixtures |
-0.5 |
-0.6 |
-0.7 |
-0.6 |
-0.7 |
|
Acq. Const. In Prog |
-31.0 |
-25.5 |
-19.7 |
-29.1 |
0.0 |
|
Inc-Mach. In Transit |
- |
- |
- |
- |
0.0 |
|
Acq of Capital Lease |
- |
- |
- |
-0.2 |
- |
|
Acq Intangible Asset |
-0.4 |
-1.2 |
-2.9 |
-0.3 |
-0.8 |
|
Increase in R&D Cost |
-2.0 |
-1.6 |
-0.3 |
-4.2 |
-3.3 |
|
Acquisition of Software |
-2.1 |
-0.1 |
-0.6 |
-0.9 |
- |
|
Cash from Investing Activities |
-41.8 |
-40.6 |
-29.3 |
-38.0 |
-33.8 |
|
|
|
|
|
|
|
|
Increase-Bond |
26.2 |
18.9 |
- |
- |
26.2 |
|
Inc/ST For Curr Borr |
- |
- |
- |
- |
20.6 |
|
Inc in LT Borrowings |
23.6 |
8.5 |
10.9 |
22.0 |
7.5 |
|
Inc/LT For Curr Borr |
- |
- |
- |
- |
3.7 |
|
Issuance of Bonds with Warrant |
- |
- |
- |
10.8 |
- |
|
Increase-Capital Lease Liabilities |
- |
1.8 |
- |
2.4 |
- |
|
Capital Increase |
- |
7.8 |
- |
- |
- |
|
Proceeds from ST Borrowing |
146.2 |
124.4 |
152.3 |
118.0 |
81.1 |
|
Disposal-Treasury Stock |
- |
- |
0.0 |
- |
0.0 |
|
Increase in ST Loan |
- |
- |
- |
- |
0.0 |
|
Decrease in ST Loans |
- |
- |
- |
- |
0.0 |
|
Dec of ST Borrowings |
-124.8 |
-117.2 |
-106.3 |
-115.0 |
-94.4 |
|
Dec ST Foreign Borrw |
- |
- |
- |
- |
-16.4 |
|
Dividends Paid |
-2.2 |
-1.5 |
-1.9 |
-2.0 |
-2.0 |
|
Dec-Curr LT Liabs |
- |
- |
- |
-2.9 |
-7.3 |
|
Dec-Cap Lease Liab. |
-0.9 |
- |
- |
- |
- |
|
Dec in LT Borrowings |
-9.2 |
-21.8 |
-11.1 |
-2.4 |
- |
|
Repayments of Bonds |
-20.8 |
- |
- |
- |
- |
|
Redemption-Bond with Warrant |
- |
- |
-9.1 |
- |
- |
|
Expense for Bond Issuance |
- |
- |
- |
-0.2 |
- |
|
Cash Outflow-Consolidation Scope Change |
-4.3 |
- |
3.9 |
- |
- |
|
Consolid Scope Adj. |
- |
- |
- |
- |
1.7 |
|
Cash Inflow-Other Financing Activities |
1.9 |
1.9 |
0.7 |
0.4 |
- |
|
Cash from Financing Activities |
35.7 |
22.8 |
39.4 |
31.0 |
20.7 |
|
|
|
|
|
|
|
|
Net Change in Cash |
10.7 |
5.6 |
4.5 |
-2.8 |
1.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
17.3 |
10.1 |
7.2 |
11.3 |
9.4 |
|
Net Cash - Ending Balance |
28.0 |
15.7 |
11.7 |
8.5 |
11.0 |
Business
Segments
Financials in: As Reported (mil)
|
Annual |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.67 |
|
UK Pound |
1 |
Rs.77.72 |
|
Euro |
1 |
Rs.64.63 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.