|
Report Date : |
17.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
STX ENGINE CO., LTD. |
|
|
|
|
Registered Office : |
80, Seongsan-dong, Changwon-si, Gyeongsangnam-do 641-315 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
01.04.2004 |
|
|
|
|
Com. Reg. No.: |
609-81-62781 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Internal Combustion Piston Engines |
|
|
|
|
No. of Employees : |
1,070 |
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 : |
Exist |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name |
STX ENGINE CO., LTD. (Korean Company Name : “STX엔진(주)”) |
|
Registered Address |
80, Seongsan-dong,
Changwon-si, |
|
Zip Code |
641-315 |
|
Tel |
+82-55-280-0114 |
|
Fax |
+82-55-285-2030 |
|
E-mail |
ykshin@onestx.com;djseo@onestx.com;jonggk@onestx.com; tjeong@onestx.com;nchwang@onestx.com |
|
Website |
www.stxengine.co.kr |
|
Trading Address |
80, Seongsan-dong,
Changwon-si, |
|
Tel |
+82-55-280-0114 |
|
Fax |
+82-55-285-2030 |
|
Other Address-Yongin Factory |
418, Cheongdeok-dong, Giheung-gu,
Yongin-si, |
|
Tel |
+82-31-288-8114 |
|
Fax |
+82-31-288-8109 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Internal Combustion Piston Engines |
|
Main Business |
Medium-Speed Diesel Engines, Diesel Engine Generator, Flue
Gas Desulfurization System |
|
Established (mm/dd/yyyy) |
04/01/2004 |
The
Subject owns the premises of registered
Address/Factory (142,268.971㎡) and Yongin
Factory
(87,974.00㎡).
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Water treatment and supply equipment(47101500) |
|
Sell |
Power generators(26111600) |
|
Sell |
Diesel engines(26101504) |
|
Sell |
Odor control equipment(47101530) |
|
Sell |
Dust collectors(40161503) |
|
Name |
Choi Im-Yeob |
|
Address |
|
|
Date of Birth |
05/02/1954 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
71,695,577,500 |
|||||||||||||||
|
Employees |
1,070 |
|||||||||||||||
|
Formation |
Listed Company ( A Company of STX GROUP |
|||||||||||||||
|
Bank Details |
Korea Exchange Bank-Gusung
Branch Woori Bank-Central Sales Team |
|||||||||||||||
|
Corporate Registered No. |
194211-0066763 |
|||||||||||||||
|
Business Registered No. |
609-81-62781 |
|||||||||||||||
|
Permit & Licenses |
11/2005 ISO 14001 Int’l Trade No.: 30255937 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
04/01/2008 Spin off Plant
Business and established STX INDUSTRIAL PLANT CO., LTD.(110111-3875353) 11/2007 Awarded 「700 million USD Export Award 10/2007 Awarded Defense Quality Award Grand Prize in electronic and
communication business Certified KDS0050-9000 12/2006 Awarded 1st environment management enterprise prize 11/2006 Received 500 million USD Export Tower Award CEO Lee Gang-shik
awarded Gold Tower Industrial Service Merit 06/2006 Acquired OHSAS 18001 Certification 12/2005 Received 400 million 11/2005 Acquired ISO 14001 Certification 10/2005 Received Best National Defense Quality Award 05/2005 M&A of STX Engine and STX Radar SYS 06/2004 Awarded the "Korean World-class Product" (by the
Ministry of Commerce and Industry). 04/01/2004 Incorporated as "STX Engine Co.,
Ltd"., after spin off from STX CORPORATION(194211-0000183) 11/2003 Awarded the "200 Million Dollars Export Prize" 11/2002 Took over Sandan Energy Co., Ltd. 03/2002 Obtained KOLAS 11/2001 Awarded the "70 Million Dollars Export Prize" 10/2001 Took over STX Shipbuilding Co., Ltd 08/2001 Low NOx diesel engine won EM MARK. 06/2001 Material Business Part (foundry shop) separated, founded
"ENPACO Corporation" . 05/2001 Renamed as "STX Corporation". 01/2001 Declared the Second Inauguration (Separation from Ssangyong Group
& Approval of Korean Fair Trade Commission). 12/1998 Selected as one of the "Top 30 IT Companies"(by Ministry
of Information and Communication). 04/1996 Obtained ISO9001 Quality Certificate. 02/1993 Obtained ISO9002 Quality Certificate. 09/1990 Initial Public Offering 05/1989 Established R&D Center. 11/1988 Completed the Military Diesel Engine Plant. 10/1980 Designated as a Specialized Diesel Engine Manufacturer. 12/1978 Completed the Plant. 07/1977 Designated as a National Defense Industry Company (by the Ministry
of Commerce and Industry). 12/1976 Established. |
|||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman |
Mr. |
Kang Duk-Soo |
Korean |
1950.08.18 |
ㆍB.A.
Degree in Business Administration, Myongji University ㆍCertificate
of 'Global Leadership Program', Graduate School of International Studies,
Seoul National University ㆍHonorary
Dr. A Degree in Business Administration, Changwon National University |
|
President & CEO |
Mr. |
Choi Im-Yeob |
Korean |
1954.05.02 |
Korea Maritime University,
Korea |
|
Director |
Mr. |
Chung Dong-Hak |
Korean |
1955.10.24 |
ㆍB.A.
Degree in Mechanical Engineering, Seoul National University |
|
Outside Director |
Mr. |
Lee Jin-Myung |
Korean |
1946.05.20 |
ㆍB.A. Degree
in Business Administration, Seoul National University |
|
Outside Director |
Mr. |
Jung Dong-Han |
Korean |
1950.08.11 |
Korea Army Academy, Korea |
|
Outside Director |
Mr. |
Yoon Dong |
Korean |
1952.06.09 |
Kunkook University, Korea |
|
Outside Director |
Mr. |
Choi Dong-Hyun |
Korean |
1953.08.16 |
Myungji University, Korea |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
268,500,000,000 |
2,411,640,000,000 |
10,999,000,000 |
|
|
(*)2011 |
1,295,460,000,000 |
2,086,714,000,000 |
63,931,000,000 |
|
(*)2010 |
1,220,719,000,000 |
1,837,512,000,000 |
58,350,000,000 |
|
2009 |
1,607,664,156,738 |
1,707,994,557,237 |
60,458,374,505 |
|
2008 |
1,492,509,512,808 |
1,841,695,310,315 |
96,747,090,099 |
|
2007 |
1,154,242,345,012 |
1,037,688,565,038 |
80,871,905,380 |
|
2006 |
870,031,432,497 |
629,674,618,510 |
42,584,095,359 |
|
2005 |
717,386,107,813 |
555,165,328,894 |
3,466,187,273 |
|
2004 |
424,812,007,303 |
483,310,370,195 |
8,120,839,379 |
(*)03/2012, 2011 & 2010’s figures are based on
the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
150,000,000,000 |
|
Paid-Up Capital(KRW) |
71,695,577,500 |
|
Total Issued Shares |
28,678,231 |
|
Unit : Million Korean Won |
01/01/2012~03/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
2,411,640 |
2,086,714 |
1,837,512 |
|
Current Assets |
1,257,915 |
932,754 |
739,466 |
|
Inventories |
264,196 |
241,186 |
158,978 |
|
Trade Receivables |
646,347 |
544,534 |
343,029 |
|
Advance Payments |
80,386 |
80,199 |
86,355 |
|
Other Receivables |
11,798 |
6,025 |
6,540 |
|
Derivatives |
7,015 |
9,715 |
6,656 |
|
Confirmed Agreement |
12,505 |
15,889 |
25,561 |
|
Other Financial
Assets |
24,493 |
17,998 |
37,231 |
|
Other Current Assets |
6,693 |
7,927 |
11,538 |
|
Cash & Cash
Equivalents |
204,482 |
9,281 |
63,578 |
|
Non-Current Assets |
1,153,725 |
1,153,960 |
1,098,046 |
|
Tangibles |
353,222 |
356,498 |
359,808 |
|
Intangibles |
16,694 |
16,996 |
18,877 |
|
Investment_Real
Estates |
44,123 |
44,360 |
45,309 |
|
Investment_Subsidiaries |
395,731 |
395,731 |
350,401 |
|
Investment_Related
Companies |
187,064 |
187,064 |
181,320 |
|
Derivatives |
954 |
809 |
7,952 |
|
Confirmed Agreement |
578 |
1,737 |
503 |
|
Other Financial
Assets |
4,207 |
4,099 |
21,497 |
|
Other Receivables |
149,368 |
144,598 |
107,876 |
|
Other Non-Current
Assets |
1,784 |
2,068 |
4,503 |
|
Total Liabilities |
1,618,880 |
1,297,783 |
1,102,844 |
|
Current Liabilities |
1,318,314 |
1,190,984 |
795,466 |
|
Short-Term Borrowings |
372,432 |
357,848 |
134,782 |
|
Current Portion of
Debenture |
199,998 |
199,886 |
|
|
Current Portion of
Long-Term Debts |
10,000 |
10,000 |
10,000 |
|
Trade Payables |
313,575 |
226,617 |
181,590 |
|
Account Payables |
65,918 |
61,840 |
58,617 |
|
Advance Receipts |
287,871 |
269,996 |
332,199 |
|
Derivatives |
10,342 |
14,196 |
37,364 |
|
Confirmed Agreement |
5,300 |
4,197 |
4,716 |
|
Other Current
Liabilities |
52,878 |
46,404 |
36,198 |
|
Non-Current Liabilities |
300,566 |
106,799 |
307,378 |
|
Debentures |
199,205 |
|
199,463 |
|
Long-Term Borrowings |
12,500 |
15,000 |
25,000 |
|
Provision for
Severance & Retirement |
29,690 |
31,956 |
23,367 |
|
Deferred Income Tax
Credit |
23,384 |
22,099 |
18,820 |
|
Provisions for Sales Guarantee |
19,818 |
20,376 |
20,982 |
|
Derivatives |
1,927 |
3,213 |
1,365 |
|
Confirmed Agreement |
935 |
1,113 |
5,115 |
|
Other Non-Current
Liabilities |
13,107 |
13,042 |
13,266 |
|
Capital Stock |
71,696 |
71,696 |
71,696 |
|
Capital Surplus |
100,129 |
100,129 |
100,129 |
|
Others |
-9 |
-9 |
-9 |
|
Installments |
18,287 |
18,287 |
14,788 |
|
Profit Surplus |
602,657 |
598,828 |
548,064 |
|
Total Equity |
792,760 |
788,931 |
734,668 |
|
Liab. &
Shareholder’s Equity |
2,411,640 |
2,086,714 |
1,837,512 |
|
Unit : Million Korean Won |
01/01/2012~03/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
268,500 |
1,295,460 |
1,220,719 |
|
Cost of Sold Goods |
-241,188 |
-1,128,985 |
-1,044,664 |
|
Gross Profit |
27,312 |
166,475 |
176,055 |
|
Selling Expenses |
-5,535 |
-29,921 |
-36,031 |
|
Admin. Expenses |
-7,632 |
-32,696 |
-38,232 |
|
Operating Income |
14,145 |
103,858 |
101,792 |
|
Other Operating
Income |
135 |
9,929 |
4,184 |
|
Other Operating
Expenses |
-87 |
-9,963 |
-13,389 |
|
Finance Income |
24,818 |
86,474 |
82,558 |
|
Finance Expenses |
-26,054 |
-99,023 |
-99,733 |
|
Income Before Taxes |
12,957 |
91,275 |
75,412 |
|
Income Taxes Expenses |
-1,958 |
-27,344 |
-17,062 |
|
Net Income |
10,999 |
63,931 |
58,350 |
|
Unit : Million Korean Won |
01/01/2012~03/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Operating Activities Cash Flows |
1,718 |
-167,509 |
-38,865 |
|
Cash Flows from
Operating |
3,137 |
-183,412 |
-29,171 |
|
Interests Received |
315 |
21,437 |
7,983 |
|
Dividends Received |
|
2,183 |
2,805 |
|
Income Taxes |
-1,734 |
-7,717 |
-20,482 |
|
Cash Flows from
Investing |
-8,030 |
-65,848 |
-54,944 |
|
Cash Flows from
Financing |
201,514 |
179,059 |
-22,820 |
|
Increase/Decrease in
Cash |
195,202 |
-54,298 |
-116,629 |
|
Cash at the Beginning
of Year |
9,280 |
63,579 |
180,207 |
|
Cash at the End of
Year |
204,482 |
9,281 |
63,578 |
|
Main Products & Services |
Marine Diesel Engine Military Diesel Engine Electronic Communication
Equipment Power Plant Environmental Plant Engine Parts (*)The Subject produces various
engines for Defense Industry (such as K1AI tanks, K-9 self-propelled
howitzers and military vessels), Civilian Industry (such as container ships,
LNG carriers, oil tankers, fishers and locomotives), and Diesel Engine Power
Plants. Brand Name: STX-MTU Engine, STX-MAN Diesel
Engine, STX Power Plant, STX Engine |
|
Suppliers |
MTU,DDC, MAN DIESEL,CMS |
|
Customers |
SAMSUNG HEAVY INDUSTRIES CO., LTD.(110111-0168595) DAEWOO SHIPBUILDING & MARINE ENGINEERING CO.,
LTD.(110111-2095837) 21ST CENTURY SHIPBUILDING CO., LTD.(191211-0005772) SAMSUNG TECHWIN CO., LTD(194211-0000480) HYUNDAI-ROTEM COMPANY(194211-0036336) SAMSUNG THALES CO., LTD.(176011-0020640) LIG NEX1 CO., LTD.(110111-1516933) DAPA NORDAN ENERGY LTD. |
|
Competitors |
DOOSAN ENGINE CO., LTD. 69-3, SINCHON-DONG,
CHANGWON-SI, GYEONGSANGNAM-DO, KOREA TEL:+82-55-260-6000 FAX:+82-55-282-0588 DOOWON PRECISION INDUSTRY CO.,
LTD. 180, GEONJI-RI, DAEDEOK-MYEON, ANSEONG-SI,
GYEONGGI-DO, KOREA TEL:+82-31-670-6000 FAX:+82-31-670-6200 CASCO CO., LTD. 938-2, TAEGOK-RI, BUK-MYEON,
JEONGEUP-SI, JEOLLABUK-DO, KOREA TEL:+82-63-570-6114 FAX:+82-63-570-6198 |
|
Affiliates-Domestic |
STX CORPORATION CO.,
LTD.(www.stx.co.kr) STX Corp., the holding company
for the STX Group, owns voting stock in the subsidiaries in order to control
management and operations. The company also is engaged in its own profit-making
business activities, which include importing machinery, steel and other
industrial materials and fuel needed in shipbuilding and engine manufacturing; managing
ships; as well as leasing and selling used vessels. STX Corp. also leads the
Group's advance into new business areas such as overseas resource development
projects. It invest as a holding company mainly in the major subsidiaries of
STX Pan Ocean, STX Offshore & Shipbuilding, STX Engine and STX Energy,
thereby playing a leading role in maximizing intra-Group synergy. STX PANOCEAN CO.,
LTD.(www.stxpanocean.com) STX Pan Ocean is a global
shipping line, operating a fleet of over 500 bulk carriers, tankers,
containerships, car carriers and LNG carriers. The company provides the very
best marine shipping services and is particularly well known for its bulker
services. STX Pan Ocean became Korea's first marine shipper to be listed on
the Singapore Stock Exchange in 2005 and was listed on the Korean Stock
Exchange in 2007, reinforcing its global status. An extensive global network
of branches and subsidiaries spans all the major ports, including New York,
London, Singapore, Hong Kong, and Shanghai, to bolster overall
competitiveness. STX Pan Ocean leads the Group's involvement in shipping and
logistics and continues to expand the fleet and diversify the business
portfolio to secure future growth engines. The ultimate goal is to become one
of the world's very best marine shipping lines. STX OFFSHORE &
SHIPBUILDING(www.stxship.com) With accumulated experiences
and expertise, STX Offshore & Shipbuilding has enjoyed global
competitiveness in the design and construction of product tankers,
containerships and gas carriers. Since 2007, the company has continued to
receive new orders for LNG carriers, ultra large containerships, VLCCs and
VLOCs, currently specializing in building high value-added ships. STX
Offshore & Shipbuilding also developed world’s first shipbuilding methods
of SLS (Skid Launching System) and ROSE (Rendezvous On the Sea for Erection) with
in-house technology. Such innovations have elevated its stature as a global
leader in productivity as well as in technology. As a flagship company in the
shipbuilding and machinery sector, STX Offshore & Shipbuilding is today
forming the groundwork for a long-lived company by securing future growth
engines, leapfrogging into a top global shipbuilder by 2010. STX HEAVY INDUSTRIES CO.,
LTD.(www.stxhi.co.kr) In 2004 STX Heavy Industries
started out as a specialist in large marine diesel engines and materials for
shipbuilding, and today the business portfolio also includes industrial
plants. Annual sales topped W1 trillion in 2008, just four years after the
company's establishment within the STX Group. The US$100 Million Export Tower
was received in 2007, followed by the US$300 Million Export Tower a year
later. The engine factory was expanded in 2008 to boost annual capacity to 4
million bhp. An order for a cement plant was received from Jordan as the
company makes its first steps into industrial plant construction, a future
growth driver. Meanwhile, STX Heavy Industries acquired STX Industrial Plant
Co. through a merger and Cheil Engineering Co. through a purchase in 2008,
thereby diversifying the plant construction operation and raising the degree
of specialization in this sector. As a result, the company is now capable of
performing turnkey plant construction projects as an EPC contractor. |
|
Affiliates-Domestic |
STX ENPACO CO.,
LTD.(www.stxenpaco.co.kr) STX Enpaco was established to supply
core parts and advanced materials used in the manufacture of large diesel
engines. Technology self-sufficiency has given the company unrivalled
competitiveness in core parts and materials for diesel engines as well as in
turbochargers for marine engines, parts and materials for industrial
machinery and materials for shipbuilding. The company's marine diesel
turbocharger was designated a “World's Best Product” by the Ministry of
Commerce, Industry and Economy in 2005, with the same honor bestowed on a
crankshaft in 2006 and the 2ST cylinder liner in 2007. The submerged cargo
pump received the “Nextgeneration World's Best Product” designation in 2008.
The company's share of global markets continues to rise on the back of
ongoing technology development and quality improvement activities, and the
company aims to become the world's top maker of core parts and materials for
industry. STX ENERGY CO.,
LTD.(www.stxenergy.co.kr) STX Energy operates Korea's
largest co-generation power plant, providing a stable and affordable supply
of steam and electricity to more than 260 companies working in the Gumi and
Banweol Industrial Complexes. In 2008, the steam supply to resident companies
surpassed 6.1 million tons, while another 1 million MWh of electricity was
sold to Korea Electric Power Corp. Meanwhile, the company embarked on a
number of new business ventures overseas, joining Shell in an oil exploration
project, purchasing equity in a Chinese anthracite mine, buying a stake in
the Uzbekistani Surgil gas field development project, and taking part in an
Indonesian thermal power plant project. A 2008 merger with STX Oil &
Services put STX Energy in the businesses of domestic energy distribution and
storage. The company now operates 39 filling stations and 13 storage tanks
nationwide. STX Energy also has advanced into the new and renewable energy
sector, producing solar cells as well as operating wind and solar power
generation systems to help promote clean energy. STX Solar, an STX Energy
subsidiary, started to build a solar cell plant in Gumi, Korea in 2008, with
commercial startup slated for June 2009. STX CONSTRUCTION CO.,
LTD.(www.stxconst.co.kr) STX Construction is using
specialized competencies in building high-tech plants to diversify into
housing construction, environmental facilities and privatelyfunded
infrastructure projects, ports and hinterland urban development. The company
made its first advance overseas by participating in the construction of the
Dalian Shipbuilding Complex and a US$180 million housing complex in Abu
Dhabi. The luxury apartment brand STX KAN was adopted in late 2007 as the
company stepped up involvement in the housing sector, focusing particularly
on apartment complexes. STX Construction has also expanded into resort
construction with the Moon-gyung STX Group Resort project, featuring
luxurious five-star accommodations. Besides the Dalian and Abu Dhabi
projects, the company won enough orders in the Middle East, Asia and Russia
to be ranked tenth among Korean builders for overseas construction activities
in 2008. Plans call for continued advancement into new areas by increasing
involvement in build-transfer-lease (BTL) and infrastructure projects, and by
going after orders for large projects outside Korea. The goal is to be ranked
tenth in the Korean construction industry by 2012. SAEROM SUNGWON INDUSTRIAL CO.,
LTD.(194211-0004523) STX SOLAR CO.,
LTD.(110111-3788671) STX RESORT
CORPORATION(110111-3794644) POSI CO., LTD.(194211-0057506) FORCE TEC CO.,
LTD.(194211-0019522) HEUNG KOOK MUTUAL SAVINGS
BANK(180111-0010255) CXD CO., LTD.(194111-0012685) CHEIL ENGINEERING CO.,
LTD.(110111-0564024) CHEIL A&C CO.,
LTD.(110111-3159351) |
|
Affiliates-Overseas |
STX Europe
ASA(www.stxeurope.com) STX Europe is a global shipbuilding
operation of world-class scale that focuses mainly on vessels that require
advanced technology. Innovative and futureoriented vessels are provided at
optimal prices to meet the needs of global customers for cruise ships,
ferries, merchant ships, offshore energy plants and specialized ships. The result is full customer
satisfaction. The technology to build icebreakers for the polar regions,
applied engineering for state-of-the-art ships, superior shipyard production
capabilities and modularized shipbuilding technologies have provided STX
Europe with the highest added value in the shipbuilding industry. STX Europe
operates a total of eighteen shipyards, including six in Norway; three in
Finland; two each in France, Germany, and Romania; and one each in Brazil,
Vietnam and the Ukraine. The company holds more than 30 percent of the world
market share for cruise ships and ferries in terms of gross tonnage. STX Dalian Shipyard The 1st Phase of construction
at STX Dalian Shipyard is already complete, and the first ship built there
was delivered in April 2009. During the 2nd Phase, factories for offshore
structures, engines and parts are being built that will enable the production
of all the basic materials and core parts, engines and completed ships and
offshore energy plants on the same site, in a fully integrated operation. STX
Dalian Shipyard will build those ship types for which it is the most
competitive such as tankers, bulkers and car carriers. The complex will also
specialize in offshore plants and support equipment, providing a powerful new
growth engine for the STX Group |
|
Affiliates-Overseas |
STX EUROPE ASA(NORWAY) STX ARCHITECTURAL DESIGN CO.,
LTD.(CHINA) TIANJIN STX-SINOTRANS LOGISTICS
CO., LTD.(CHINA) QINGDAO STX-KEYUN LOGISTICS
CO., LTD.(CHINA) QINGDAO STX INTERNATIONAL
LOGISTICS CO., LTD.(CHINA) SEA WIN SHIPPING CO.,
LTD.(CHINA) LIANYUNGANG GLOBAL OCEAN
SHIPPING CO., LTD.(CHINA) GULF PACIFIC SHIPPING
LTD.(CHINA) STX GLOBAL LOGIX CO.,
LTD.(JAPAN) STX CITINET, LLC.(MONGOLIA) STX GULF SHIPPING FZCO(UAE) STX LOGISTICS SINGAPORE PTE.
LTD.(SINGAPORE) DTK OCEANIC LIMITED(NIGERIA) |
|
Subsidiary |
STX (DALIAN) SHIPBUILDING CO.,
LTD.(CHINA) STX (DALIAN) HEAVY INDUSTRIES
CO., LTD.(CHINA) STX (DALIAN) MARINE ENGINEERING
CO., LTD.(CHINA) STX (DALIAN) ENGINE CO.,
LTD.(CHINA) STX (DALIAN) PRECISION
ENGINEERING CO., LTD.(CHINA) STX( DALIAN) METAL CO.,
LTD.(CHINA) STX (DALIAN) PLANT CO.,
LTD.(CHINA) STX (DALIAN) BUSINESS CENTER
CO., LTD.(CHINA) STX (DALIAN) SHIPBUILDING
ENGINEERING CO., LTD.(CHINA) STX CONSTRUCTION (DALIAN)
CO.,LTD.(CHINA) STX REAL PROPERTY DEVELOPMENT
(DALIAN) CO., LTD.(CHINA) POSI (DALIAN) LOGISTICS CO.,
LTD.(CHINA) STX FUSHUN HEAVY INDUSTRIES
CO., LTD.(CHINA) QINGDAO STX MACHINERY CO.,
LTD.(CHINA) STX NORWAY AS(NORWAY) STX (SHANGHAI) CORPORATION
LTD.(CHINA) STX JAPAN CORPORATION(JAPAN) STX MONGOLIA LLC.(MONGOLIA) STX-VINA HEAVY INDUSTRY CO.,
LTD.(VIETNAM) STX MIDDLE EAST FZE.(UAE) STX PANOCEAN SINGAPORE PTE.
LTD.(SINGAPORE) STX PANOCEAN (CHINA) CO.,
LTD.(CHINA) STX PANOCEAN (HONGKONG) CO.,
LTD.(CHINA) STX PANOCEAN (U.K) CO.,
LTD.(UK) STX PANOCEAN (AMERICA),
INC.(US) STX PANOCEAN LNG PTE.
LTD.(SINGAPORE) STX BRASIL TRADING
LTDA.(BRAZIL) DS CEMENT LLP(KAZAKHSTAN) SP/F STX FAROES LTD.(DENMARK) STX IRELAND LIMITED(IRELAND) STX CONSTRUCTION RUS(RUSSIA) STX APRILS, INC.(US) |
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
-Technical Support Agreement
with MAN DIESEL NIIGATA ZF REINTJES MITSUBISHI MTU GDLS AIRPOL VESTAS SAM ELECTRONICS -Brand Using Agreement with STX CORP. |
|
Sales/ Unit :Mil KRW |
03/2012 |
2011 |
2010 |
|
Export |
234,170 |
1,171,167 |
1,082,531 |
|
Domestic |
195,644 |
918,124 |
832,459 |
|
Total |
429,814 |
2,089,292 |
1,914,989 |
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
Germany Hambug District Court |
The Subject |
Czech Precision |
Claim for Compensation from Damages |
EUR 2,987,907 |
1st Round is proceeding. |
|
|
ICC(International Chamber of Commerce, Court of
International Arbitration) |
Vitkovice Heavy Machinery a.s. |
The Subject |
Claim for Compensation from Damages |
USD 36,660,499 |
Arbitration is under procedure. |
|
|
Seoul Central District Court |
DAPA |
The Subject |
Refund on Inappropriate Profit |
36,230,479,000 |
1st Round is proceeding. |
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.92 |
|
|
1 |
Rs.85.47 |
|
Euro |
1 |
Rs.67.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.