|
Report Date : |
25.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL BATTERY CO., LTD. |
|
|
|
|
Registered Office : |
708-8, Yeoksam 2-dong, Gangnam-gu, Seoul, Korea, 6th Fl., Sebang Bldg., Zip Code 135-919 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
10.09.1952 |
|
|
|
|
Com. Reg. No.: |
220-81-00490 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacturer of Accumulators |
|
|
|
|
No. of Employees : |
770 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 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 |
GLOBAL BATTERY
CO., LTD. (Korean Company
Name : “세방전지(주)”) |
|
Registered Address |
708-8, Yeoksam 2-dong, Gangnam-gu, |
|
Building |
6th Fl., Sebang Bldg. |
|
Zip Code |
135-919 |
|
Tel |
+82-2-3451-6201 |
|
Fax |
+82-2-3451-6301 |
|
E-mail |
antony@gbattery.com;yhs@gbattery.com;hikaru@gbattery.com;donchoi@gbattery.com
|
|
Website |
|
|
Trading Address |
6th Fl., Sebang Bldg., 708-8, Yeoksam
2-dong, Gangnam-gu, |
|
Tel |
+82-2-3451-6201 |
|
Fax |
+82-2-3451-6301 |
|
Other Address-Gwangju Factory |
500-4, Hanam-dong, Gwangsan-gu, |
|
Tel |
+82-62-601-6100 |
|
Fax |
+82-62-951-4126 |
|
Other Address-Chang-won Factory |
601-9, Namsan-dong, Changwon-si, |
|
Tel |
+82-55-279-9700 |
|
Fax |
+82-55-282-2658 |
|
Other Address-Daegu Branch |
3rd Fl., KARICO Bldg., 123-1, Sincheon
3-dong, Dong-gu, |
|
Tel |
+82-53-746-9201~3 |
|
Fax |
+82-53-746-9204 |
|
Other Address-Daejeon Branch |
3rd Fl., Unam Bldg., 62-1, Ojeong-dong, Daedeok-gu, |
|
Tel |
+82-42-632-8841 |
|
Other Address-Gwangju Branch |
603-4, Gwangcheon-dong, Seo-gu, |
|
Tel |
+82-62-365-9969 |
|
Other Address-Busan Branch |
Rm. 301, Leaders Bldg., 313-3, Daecheong-ri, Jangyu-myeon, Gimhae-si, |
|
Tel |
+82-55-314-6515 |
|
Fax |
+82-55-314-6514 |
|
Other Address-Gyoenggi Branch |
827-6, Gwanyang 2-dong, Dongan-gu,
Anyang-si, |
|
Tel |
+82-31-436-3200 |
|
Fax |
+82-31-436-3353 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Accumulators |
|
Main Business |
Automotive Batteries, Industrial Batteries, Motorcycle Batteries, |
|
Established (mm/dd/yyyy) |
09/10/1952 |
The Subject owns
the premises of Gwangju Factory and Chang-won Factory.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Vehicle batteries(26111703) |
|
Sell |
Batteries and cells and
accessories(26111700) |
|
Name |
Kim Sung-Kyu |
|
Date of Birth |
12/12/1958 |
|
Title |
Vice Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
7,000,000,000 |
|||||||||||||||
|
Employees |
770 |
|||||||||||||||
|
Formation |
Listed Company ( Foreign Direct Investment Corporation A Company of Sebang Group |
|||||||||||||||
|
Bank Details |
Shinhan Bank-Tehran Ro Branch Citibank |
|||||||||||||||
|
Corporate Registered No. |
110111-0202765 |
|||||||||||||||
|
Business Registered No. |
220-81-00490 |
|||||||||||||||
|
Permit & Licenses |
03/1967 KS Mark 12/1968 KS Mark 02/1970 Ks Mark 11/1974 KS Mark 11/1989 JIS 07/1993 ISO 9002 by DNS 04/1994 ISO 9001 by DNS 05/1994 ISO 9001 by DNS 10/1995 KS Mark 09/2004 ISO 14001 10/2007 KS Mark Int’l Trade No.: 777027 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
09/1952 Founded as R&D center of the
Korea Navy 01/1965 KS certified as the first in Korean
battery industry 01/1965 Secured technical tie-up with GS
Battery in 04/1975 Capital invested from Yuasa Battery
in 11/1983 KS certified for entire line of
products 07/1988 Secured technical tie-up with 11/1989 Opened KwangJu plant for automotive
battery 10/1992 Secured technical tie-up with SAFT
in 01/1993 ISO 9002 certified as the first in
Asian battery industry 04/1994 ChangWon plant and 11/1994 Opened the 2nd 10/1997 11/2000 12/2003 KwangJu Plant ISO/TS 16949
certified by KFQ 09/2005 New name to Sebang Global Battery
Co., Ltd 08/2007 Awarded the new technology
certification of nickel hydride battery (NET) 03/2008 Achieved the environment mark certification
of nickel hydride battery 08/2008 Granted the KS certification of
nickel hydride battery 12/2008 awarded US$300 Million Export Top
Prize |
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education/Career |
|
Chairman |
Mr. |
Lee Eui-Soon |
Korean |
1923.06.12 |
Foreign |
|
Vice Chairman & CEO |
Mr. |
Lee Sang-Woong |
Korean |
1958.12.12 |
|
|
President & CEO |
Mr. |
Kim Sung-Kyu |
Korean |
1951.01.07 |
|
|
Director |
Mr. |
Yoda Makoto |
Japanese |
1950.01.24 |
Present President of GS Yuasa Power Supply |
|
Outside Director/ Auditor |
Mr. |
Kim Jae-Sun |
Korean |
1948.11 |
|
|
Outside Director/ Auditor |
Mr. |
Kim Joo-Sun |
Korean |
1967.10.14 |
KAIST, |
|
Auditor |
Mr. |
Seo Young-Kil |
Korean |
1945.03 |
|
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
213,408,720,383 |
726,190,448,533 |
27,271,426,537 |
|
|
(*)2011 |
953,871,594,678 |
712,634,498,379 |
105,374,945,854 |
|
(*)2010 |
790,200,173,691 |
593,934,630,277 |
85,826,884,296 |
|
2009 |
627,174,255,866 |
428,991,487,635 |
70,289,574,494 |
|
2008 |
624,588,851,164 |
358,862,223,342 |
75,368,845,987 |
|
2007 |
496,287,206,324 |
316,751,081,071 |
18,808,672,221 |
|
2006 |
319,529,859,554 |
262,981,942,994 |
11,903,121,305 |
|
2005 |
290,142,246,871 |
250,195,482,138 |
13,893,753,311 |
|
Authorized Capital(KRW) |
19,600,000,000 |
|
Paid-Up Capital(KRW) |
7,000,000,000 |
|
Total Issues Shares |
14,000,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
01/01/2012~03/31/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
726,190,448,533 |
712,634,498,379 |
593,934,630,277 |
|
Current Assets |
533,684,545,111 |
524,580,637,244 |
457,506,374,167 |
|
Cash & Cash
Equivalents |
111,215,961,960 |
112,735,857,399 |
118,522,058,636 |
|
Current Financial
Instruments |
135,000,000,000 |
95,000,000,000 |
63,000,000,000 |
|
Marketable Financial
Instruments |
22,730,322 |
17,742,515 |
3,232,752 |
|
Trade Receivables
& Other Receivables |
175,126,547,096 |
191,906,818,486 |
174,587,203,067 |
|
Inventories |
105,870,262,116 |
115,014,828,643 |
92,356,528,544 |
|
Other Current Assets |
6,449,043,617 |
9,905,390,201 |
9,037,351,168 |
|
Non-Current Assets |
192,505,903,422 |
188,053,861,135 |
136,428,256,110 |
|
Long-Term Trade
Receivables |
0 |
0 |
62,192,930 |
|
Non-Current Marketable
Financial Instruments |
6,857,394,615 |
6,851,195,552 |
6,742,365,298 |
|
Non-Current
Held-to-Maturity Financial Assets |
2,500,000,000 |
2,500,000,000 |
2,500,000,000 |
|
Tangibles |
175,985,040,795 |
171,362,128,892 |
118,488,955,983 |
|
Intangibles |
3,405,445,938 |
3,505,377,917 |
3,866,514,949 |
|
Investment_Real
Estates |
2,279,179,000 |
2,279,179,000 |
2,718,356,909 |
|
Other Non-Current
Assets |
1,440,218,126 |
1,517,354,126 |
2,011,244,126 |
|
Other Non-Current
Assets to be Sold |
38,624,948 |
38,625,648 |
38,625,915 |
|
Total
Liabilities |
211,783,357,203 |
222,215,306,307 |
201,526,482,010 |
|
Current Liabilities |
196,845,273,654 |
207,608,451,041 |
180,842,372,991 |
|
Trade Payables &
Other Payables |
83,460,580,109 |
82,116,295,347 |
72,268,168,710 |
|
Short-Term Borrowings |
75,680,127,424 |
93,267,901,666 |
78,886,921,822 |
|
Current Portion of
Long-Term Debts |
104,471,100 |
102,321,000 |
93,888,900 |
|
Provision for Sales
Guarantee |
102,727,044 |
163,059,206 |
481,777,019 |
|
Other Current
Liabilities |
37,497,367,977 |
31,958,873,822 |
29,111,616,540 |
|
Non-Current Liabilities |
14,938,083,549 |
14,606,855,266 |
20,684,109,019 |
|
Long-Term Trade
Payables & Other Payables |
1,225,992,626 |
1,171,229,260 |
1,120,068,576 |
|
Long-Term Borrowings |
569,871,000 |
596,799,900 |
699,120,900 |
|
Provision for
Severance & Retirement |
5,797,915,672 |
5,517,755,643 |
10,959,670,928 |
|
Deferred Income Tax
Credit |
7,344,304,251 |
7,321,070,463 |
7,905,248,615 |
|
Capital Stock |
7,000,000,000 |
7,000,000,000 |
7,000,000,000 |
|
Capital Surplus |
58,944,253,239 |
58,944,253,239 |
58,944,253,239 |
|
Others |
1,348,517,099 |
1,353,647,341 |
1,319,408,546 |
|
Profit Surplus |
447,114,320,992 |
423,121,291,492 |
325,144,486,482 |
|
Total Equity |
514,407,091,330 |
490,419,192,072 |
392,408,148,267 |
|
Liab. &
Shareholder’s Equity |
726,190,448,533 |
712,634,498,379 |
593,934,630,277 |
Income
Statement
|
|||
|
Unit : Korean Won |
01/01/2012~03/31/2012 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
213,408,720,383 |
953,871,594,678 |
790,200,173,691 |
|
Cost of Sold Goods |
161,523,189,141 |
752,482,468,522 |
614,523,150,613 |
|
Gross Profit |
51,885,531,242 |
201,389,126,156 |
175,677,023,078 |
|
Selling & Admin.
Expenses |
16,768,377,933 |
70,167,378,087 |
63,314,922,261 |
|
Other Operating
Income |
2,401,669,168 |
9,087,824,586 |
5,365,809,932 |
|
Other Operating
Expenses |
2,261,414,411 |
9,627,650,281 |
8,907,730,674 |
|
Operating Income |
35,257,408,066 |
130,681,922,374 |
108,820,180,075 |
|
Finance Income |
2,195,291,608 |
8,432,752,160 |
6,072,500,944 |
|
Finance Expenses |
509,572,979 |
2,090,080,043 |
2,165,321,156 |
|
Income Before Taxes |
36,943,126,695 |
137,024,594,491 |
112,727,359,863 |
|
Income Taxes Expenses |
9,671,700,158 |
31,649,648,637 |
26,900,475,567 |
|
Income from
Continuous Business |
27,271,426,537 |
105,374,945,854 |
85,826,884,296 |
|
Income from Stopped
Business |
0 |
0 |
0 |
|
Net Income |
27,271,426,537 |
105,374,945,854 |
85,826,884,296 |
Cash
Flows
|
|||
|
Unit : Korean Won |
01/01/2012~03/31/2012 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating
Activities Cash Flows |
69,724,415,933 |
82,962,268,938 |
111,986,956,238 |
|
Net Income |
27,271,426,537 |
105,374,945,854 |
85,826,884,296 |
|
Adjustment |
50,701,518,089 |
-2,028,889,924 |
47,615,057,156 |
|
Interests Received |
1,947,581,213 |
6,697,507,737 |
4,970,952,632 |
|
Dividends Received |
70,000,000 |
70,000,000 |
70,000,000 |
|
Interests Paid |
-507,906,979 |
-2,093,058,043 |
-2,265,291,627 |
|
Income Taxes |
-9,758,202,927 |
-25,058,236,686 |
-24,230,646,219 |
|
Cash Flows from Investing |
-48,723,970,032 |
-97,892,021,845 |
-24,122,032,832 |
|
Cash Flows from Financing |
-22,939,642,567 |
8,689,270,035 |
-5,581,308,949 |
|
Increase/Decrease in Cash |
-1,883,985,317 |
-6,236,709,111 |
82,191,827,334 |
|
Cash at the Beginning of Year |
113,326,923,970 |
119,563,633,081 |
37,371,805,747 |
|
Cash at the End of Year |
111,442,938,653 |
113,326,923,970 |
119,563,633,081 |
|
Main Products & Services |
Automotive Batteries, Industrial Batteries, Motorcycle Batteries, Brand Name : Rocket |
|
Suppliers |
KOREA ZINC INC.(110111-0168404) GLOBAL INDUSTRIAL CO., LTD.(134111-0002612) |
|
Customers |
HYUNDAI MOTOR CO(110111-0085450) KIA MOTORS CORPORATION(110111-0037998) SSANGYONG MOTOR CO., LTD.(110111-0035132) GM DAEWOO AUTO & TECHNOLOGY
COMPANY(120111-0294124) |
|
Competitors |
HYUNDAI ENERCELL CO.,LTD.(131111-0003043) ATLAS BX CO.,LTD.(160111-0003486) DELKOR CORPORATION(110111-0409030) |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
SEBANG CO.,
LTD.(180111-0015932) SEBANG
HI-TECH CO., LTD.(110111-1392060) HANKOOK
SHIPPING CO., LTD.(110111-0029838) OJU SHIPPING
CO., LTD.(11011100131823) WOOJU
SHIPPING CO., LTD.(110111-0198708) OVERSEAS AIR
FREIGHT CO., LTD.(110111-0107139) BUSAN
INTERNATIONAL CONTAINER TERMINAL CO., LTD.(180111-0525858) KWANGYANG
INTERNATIONAL CONTAINER TERMINAL CO., LTD.(204611-0022029) GLOBAL
INDUSTRIAL CO., LTD.(134111-0002612) GLOBAL
EXPRESS CO., LTD.(110111-0007602) SEBANG NEW
PORT LOGISTICS CO., LTD.(180111-0602515) SEBANG
KWANGYANG INTERNATIONAL LOGISTICS CO., LTD.(204611-0025974) MOKPO DAEBUL
PORT OPERATION CO., LTD.(205411-0014376) |
|
Cooperative |
-Insured Company LIG INSURANCE CO., LTD(110111-0017859) -Technology Support from EN-CONSULTING M&G ECO-BATTERY |
(Activity & Markets)
|
Sales/ Unit :Mil KRW |
03/2012 |
2011 |
2010 |
|
Export |
113,701 |
569,410 |
490,034 |
|
Domestic |
99,708 |
384,462 |
300,166 |
|
Total |
213,409 |
953,872 |
790,200 |
The Subject deals
with the companies in
No.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.99 |
|
|
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.