MIRA INFORM REPORT

Report Date :

24.03.2012

IDENTIFICATION DETAILS

Name :	SAM-A ALUMINUM CO., LTD.
Registered Office :	111-2, Bakdal 2-Dong, 111-2, Bakdal 2-Dong, Manan-Gu, Anyang, 430802, Korea, Republic of Korea
Country :	South Korea
Financials (as on) :	31.12.2011
Date of Incorporation :	25.06.1969
Legal Form :	Public Independent Company
Line of Business :	Subject is engaged in the rolling and processing of aluminum products
No. of Employees :	257

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 :	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 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
South korea	a1	a1

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

Company name & address

Sam-A Aluminum Co., Ltd.

111-2, Bakdal 2-Dong

111-2, Bakdal 2-Dong, Manan-Gu

Anyang, 430802

Korea, Republic of

Tel: 82-31-4676800

Fax: 82-31-4462121

Web: www.sama-al.com

Synthesis

Employees: 257

Company Type: Public Independent

Traded: Korea Stock Exchange: 006110

Incorporation Date: 25-Jun-1969

Auditor: Deloitte & Touche LLP

Financials in: USD (Millions)

Fiscal Year End: 31-Dec-2011

Reporting Currency: South Korean Won

Annual Sales: 142.7 1

Net Income: 2.3

Total Assets: 160.9 2

Market Value: 28.4

(09-Mar-2012)

Business Description

SAM-A ALUMINIUM COMPANY, LIMITED is a Korea-based company engaged in the rolling and processing of aluminum products. The Company mainly provides aluminum foils, which are used as raw materials for packaging, electrics, electronics, automobiles and cooling equipment, and aluminum processing of aluminum product, which are used in packaging materials for pharmaceuticals, tobaccos, foods, bakery products and others. The Company also provides aluminum pastes, which are used in ship bottom painting, automotive painting and industrial paintings. The Company distributes its products in domestic market and to the overseas markets. The Company’s main customers are Samsung SDI Co., Ltd, HUHTAMAKI (THAILAND) LIMITED and others. For the fiscal year ended 31 December 2010, Sam-A Aluminum Co., Ltd's total revenues increased 13% to W153.99B. The Company's net income increased 4% to W5.62B. Revenues reflect increased demands for aluminum products. Net income was partially offset by decrease in gains on foreign currency transactions, inclusion of losses on currency forward transactions as well as increased losses on foreign currency translations.

Industry

Industry Miscellaneous Fabricated Products

ANZSIC 2006: 2142 - Aluminium Rolling, Drawing, Extruding

NACE 2002: 2742 - Aluminium production

NAICS 2002: 331315 - Aluminum Sheet, Plate, and Foil Manufacturing

UK SIC 2003: 2742 - Aluminium production

US SIC 1987: 3353 - Aluminum Sheet, Plate, and Foil

Key Executives

Name	Title
Nam Hui Han	President, Chief Executive Officer, Director
Sang Yong Ha	Head of Rolling Production, Director
Ui Jeong Choi	Internal Auditor
Nam Hee Han	President & Chief Executive Officer
Sang Yoon Kim	Director-Sales

 Significant Developments

Topic	#*	Most Recent Headline	Date
Dividends	1	Sama Aluminum Co., Ltd. Declares Annual Cash Dividend for FY 2011	2-Feb-2012

* number of significant developments within the last 12 months

Financial Summary

As of 31-Dec-2011

Key Ratios Company Industry

Current Ratio ( MRQ) 1.35 3.16

Quick Ratio (MRQ) 0.63 1.74

Debt to Equity (MRQ) 0.43 0.29

Sales 5 Year Growth 3.04 6.76

Net Profit Margin (TTM) % 1.65 8.43

Return on Assets (TTM) % 1.43 7.34

Return on Equity (TTM) % 2.41 12.34

1 - Profit & Loss Item Exchange Rate: USD 1 = KRW 1107.891

2 - Balance Sheet Item Exchange Rate: USD 1 = KRW 1152

Corporate Overview

Location

111-2, Bakdal 2-Dong

111-2, Bakdal 2-Dong, Manan-Gu

Anyang, 430802

Korea, Republic of

Tel: 82-31-4676800

Fax: 82-31-4462121

Web: www.sama-al.com

Quote Symbol - Exchange

006110 - Korea Stock Exchange

Sales KRW(mil): 158,084.0

Assets KRW(mil): 185,399.6

Employees: 257

Fiscal Year End: 31-Dec-2011

Industry: Miscellaneous Fabricated Products

Incorporation Date: 25-Jun-1969

Company Type: Public Independent

Quoted Status: Quoted

President,

Chief Executive Officer, Director: Nam Hui Han

Company Web Links

Corporate History/Profile

Home Page

Products/Services

Contents

Industry Codes

Business Description

Financial Data

Market Data

Key Corporate Relationships

Industry Codes

ANZSIC 2006 Codes:

213 - Basic Non-Ferrous Metal Manufacturing

2142 - Aluminium Rolling, Drawing, Extruding

NACE 2002 Codes:

2742 - Aluminium production

2745 - Other non-ferrous metal production

NAICS 2002 Codes:

331492 - Secondary Smelting, Refining, and Alloying of Nonferrous Metal (except Copper and Aluminum)

331315 - Aluminum Sheet, Plate, and Foil Manufacturing

US SIC 1987:

3341 - Secondary Smelting and Refining of Nonferrous Metals

3353 - Aluminum Sheet, Plate, and Foil

UK SIC 2003:

2742 - Aluminium production

2745 - Other non-ferrous metal production

Business Description

SAM-A ALUMINIUM COMPANY, LIMITED is a Korea-based company engaged in the rolling and processing of aluminum products. The Company mainly provides aluminum foils, which are used as raw materials for packaging, electrics, electronics, automobiles and cooling equipment, and aluminum processing of aluminum product, which are used in packaging materials for pharmaceuticals, tobaccos, foods, bakery products and others. The Company also provides aluminum pastes, which are used in ship bottom painting, automotive painting and industrial paintings. The Company distributes its products in domestic market and to the overseas markets. The Company’s main customers are Samsung SDI Co., Ltd, HUHTAMAKI (THAILAND) LIMITED and others. For the fiscal year ended 31 December 2010, Sam-A Aluminum Co., Ltd's total revenues increased 13% to W153.99B. The Company's net income increased 4% to W5.62B. Revenues reflect increased demands for aluminum products. Net income was partially offset by decrease in gains on foreign currency transactions, inclusion of losses on currency forward transactions as well as increased losses on foreign currency translations.

More Business Descriptions

Alumina and Aluminum Production and Processing

Financial Data

Financials in:	KRW(mil)
Revenue:	158,084.0
Net Income:	2,602.5
Assets:	185,399.6
Long Term Debt:	79.5
Total Liabilities:	76,941.4
Working Capital:	25.7
Date of Financial Data:	31-Dec-2011

1 Year Growth

2.7%

-56.2%

4.1%

Market Data

Quote Symbol:	006110
Exchange:	Korea Stock Exchange
Currency:	KRW
Stock Price:	2,890.0
Stock Price Date:	03-09-2012
52 Week Price Change %:	-20.3
Market Value (mil):	31,790,000.0
SEDOL:	6770879
ISIN:	KR7006110001
Equity and Dept Distribution:
'98-'07, financials reflect non-consolidated numbers. 03/07, Rights Issue, 0.476 new shares for every 1 share held @ KRW 16750 (Factor: 1.125430). '05 & 03/06 & 06/06 & 09/06, restated. 03/07, reclassified. 03/10 CCA. FY'10 Q2 has CSP at I/S. 04/11, Shares Split(F:10.0000).

Key Corporate Relationships

Auditor:	Deloitte & Touche LLP
Auditor:	Deloitte & Touche LLP

Significant Developments

Sama Aluminum Co., Ltd. Declares Annual Cash Dividend for FY 2011 Feb 02, 2012

Sama Aluminum Co., Ltd. announced that its Board of Directors has declared its fiscal year 2011 annual cash dividend of KRW 100 per share of common stock to shareholders of record on December 31, 2011. The dividend rate of market price is 3.8% and the total cash dividend amount is KRW 1,100 million. The Company's annual cash dividend for the fiscal year 2010 was KRW 1,000 per share.

Executive report

Board of Directors

Name

Title

Function

Sang Gu Han

Honorary Chairman

Chairman

Han Sang Gu has been Honorary Chairman of Sam-A Aluminum Co., Ltd since February 28, 2005. Prior to the current position, Han served as Chairman of the Board and Co-Chief Executive Officer of the Company. Prior to joining the Company, Han worked as a head of Managment Bureau in Public Procurement Service. Han received a Bachelor's degree in Law from KyungSung University.

B Law, KyungSung University

Masahiro Aoki

Director

Director/Board Member

Masahiro Aoki is Director of Sam-A Aluminum Co., Ltd. Aoki was Assistant Managing Director of a Japan-based aluminum company. Aoki holds a Bachelor's degree in Engineering from Kyoto University.

B Engineering, Kyoto University

Shuku Asada

Director

Director/Board Member

M , Osaka Prefecture University

Oh Bin Gwon

Non-Executive Independent Director

Director/Board Member

Gwon Oh Bin is Non-Executive Independent Director in SAMA ALUMINIUM CO.,LTD. Previously, Gwon was Vice President in the Company.

, University of Seoul

Sang Yong Ha

Head of Rolling Production, Director

Director/Board Member

B Metallurgical Engineering, Inha University

Takahisa Hamada

Director

Director/Board Member

Takahisa Hamada is Director of Sam-A Aluminum Co., Ltd. Hamada also serves as President and Director of TOYO ALUMINIUM K.K. Hamada received a Bachelor's degree in Political Economy from Waseda University.

B Political Economy, Waseda University

Nam Hui Han

President, Chief Executive Officer, Director

Director/Board Member

Han Nam Hui is President, Chief Executive Officer and Director of Sam-A Aluminum Co., Ltd. Prior to the current position, Han was Vice President of the Company. Han received a Doctorate's degree in Mechanical Engineering from University of California, Davis.

PHD Mechanical Engineering, University of California, Davis

Seio Imasu

Director

Director/Board Member

I

Masao Imasu

Director

Director/Board Member

Masao Imasu is Director of Sam-A Aluminum Co., Ltd. Imasu also serves as President and Director of TOYO ALUMINIUM K.K. Imasu holds a Bachelor's degree in Business from Kwansei Gakuin University.

B Business, Kwansei Gakuin University

Han Wuk Jeon

Director

Director/Board Member

Jin Woong Kim

Director

Director/Board Member

I

Sang Yun Kim

Director

Director/Board Member

B Chemical Engineering, Inha University

Jae Gwan Lee

Director

Director/Board Member

B Mechanical Engineering, Yonsei University

Hiroji Nagano

Non-Executive Independent Director

Director/Board Member

B Business Administration, Kobe University

Gye Dong Son

Non-Executive Independent Director

Director/Board Member

Son Gye Dong has been Non-Executive Independent Director of Sam-A Aluminum Co., Ltd since March 26, 2007. Prior to joining the Company, Son served as Assistant Managing Director of HANKOOK TIRE CO.,LTD. Son received a Bachelor's degree in Law from Yonsei University.

B Law, Yonsei University

Hiroshi Yamamoto

Director

Director/Board Member

Mr. Hiroshi Yamamoto is Director of Sam-A Aluminum Co., Ltd.He also serves as Director of TOYO ALUMINIUM K.K. Yamamoto received a Bachelor's degree in Engineering from Osaka University.

B Engineering, Osaka University

Executives

Name	Title	Function	Source
Nam Hee Han	President & Chief Executive Officer	Chief Executive Officer	I
Nam Hui Han	President, Chief Executive Officer, Director	Chief Executive Officer
Han Nam Hui is President, Chief Executive Officer and Director of Sam-A Aluminum Co., Ltd. Prior to the current position, Han was Vice President of the Company. Han received a Doctorate's degree in Mechanical Engineering from University of California, Davis. PHD Mechanical Engineering, University of California, Davis
Ui Jeong Choi	Internal Auditor	Accounting Executive
B Commerce, Korea University
Gyu Tae Jung	Internal Auditor	Accounting Executive
B English Literature, Korea University
Masamichi Ueda	Internal Auditor	Accounting Executive
Mr. Masamichi Ueda is Internal Auditor of SAMA ALUMINIUM CO.,LTD. Previously, He was with TOYO ALUMINIUM K.K. He holds a Bachelor's degree in Commerce from Waseda University, Korea. B Commerce, Waseda University
Sang Yoon Kim	Director-Sales	Sales Executive	I
Geon Ho Bae	Co-Manager-Product	Product Management Executive	I
Seok Jae Jung	Co-Manager-Product	Product Management Executive	I
Sang Yong Ha	Head of Rolling Production, Director	Manufacturing Executive
B Metallurgical Engineering, Inha University

Annual Income Statement

Financials in: USD (mil)

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

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Restated Normal 31-Dec-2011	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1107.891393	1156.281981	1276.385219	1100.562842	929.183333
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Net Sales	142.7	133.2	106.9	131.3	144.5
Revenue	142.7	133.2	106.9	131.3	144.5
Total Revenue	142.7	133.2	106.9	131.3	144.5
Cost of Revenue	130.5	119.4	93.8	119.2	140.6
Cost of Revenue, Total	130.5	119.4	93.8	119.2	140.6
Gross Profit	12.1	13.8	13.1	12.1	3.9
Selling/General/Administrative Expense	3.9	4.0	3.7	4.0	4.8
Labor & Related Expense	2.5	2.3	1.9	2.1	2.6
Advertising Expense	0.0	0.0	0.0	0.0	0.0
Total Selling/General/Administrative Expenses	6.4	6.3	5.6	6.1	7.5
Research & Development	0.1	0.0	0.0	0.0	0.0
Depreciation	0.0	0.0	0.0	0.0	0.0
Depreciation/Amortization	0.0	0.0	0.0	0.0	0.0
Investment Income - Operating	0.1	0.1	-	-	-
Interest/Investment Income - Operating	0.1	0.1	-	-	-
Interest Expense (Income) - Net Operating Total	0.1	0.1	-	-	-
Loss (Gain) on Sale of Assets - Operating	0.0	0.0	-	-	-
Unusual Expense (Income)	0.0	0.0	-	-	-
Other Operating Expense	0.0	0.1	-	-	-
Other, Net	0.1	-0.3	-	-	-
Other Operating Expenses, Total	0.1	-0.2	-	-	-
Total Operating Expense	137.2	125.7	99.4	125.4	148.1
Operating Income	5.5	7.5	7.5	6.0	-3.6
Interest Expense - Non-Operating	-2.2	-1.6	-1.7	-3.1	-3.5
Interest Expense, Net Non-Operating	-2.2	-1.6	-1.7	-3.1	-3.5
Interest Income - Non-Operating	0.4	0.4	0.1	0.2	0.3
Investment Income - Non-Operating	-0.5	0.4	0.2	0.6	0.0
Interest/Investment Income - Non-Operating	-0.1	0.8	0.4	0.8	0.3
Interest Income (Expense) - Net Non-Operating Total	-2.3	-0.8	-1.4	-2.3	-3.2
Gain (Loss) on Sale of Assets	-	-	0.0	11.3	0.3
Other Non-Operating Income (Expense)	-	0.0	-0.7	-0.2	0.2
Other, Net	-	0.0	-0.7	-0.2	0.2
Income Before Tax	3.1	6.7	5.5	14.9	-6.2
Total Income Tax	0.8	1.5	1.3	0.6	0.0
Income After Tax	2.3	5.1	4.2	14.2	-6.2
Net Income Before Extraord Items	2.3	5.1	4.2	14.2	-6.2
Net Income	2.3	5.1	4.2	14.2	-6.2
Income Available to Common Excl Extraord Items	2.3	5.1	4.2	14.2	-6.2
Income Available to Common Incl Extraord Items	2.3	5.1	4.2	14.2	-6.2
Basic/Primary Weighted Average Shares	11.0	11.0	11.0	11.0	10.0
Basic EPS Excl Extraord Items	0.21	0.47	0.39	1.29	-0.63
Basic/Primary EPS Incl Extraord Items	0.21	0.47	0.39	1.29	-0.63
Dilution Adjustment	0.0	0.0	-	-	0.0
Diluted Net Income	2.3	5.1	4.2	14.2	-6.2
Diluted Weighted Average Shares	11.0	11.0	11.0	11.0	10.0
Diluted EPS Excl Extraord Items	0.21	0.47	0.39	1.29	-0.63
Diluted EPS Incl Extraord Items	0.21	0.47	0.39	1.29	-0.63
Dividends per Share - Common Stock Primary Issue	0.09	0.09	0.08	0.07	0.03
Gross Dividends - Common Stock	1.0	1.0	0.9	0.7	0.3
Interest Expense, Supplemental	2.2	1.6	1.7	3.1	3.5
Depreciation, Supplemental	5.0	5.3	4.4	5.6	6.9
Total Special Items	0.0	0.0	0.0	-11.3	-0.3
Normalized Income Before Tax	3.1	6.7	5.5	3.5	-6.6
Effect of Special Items on Income Taxes	0.0	0.0	0.0	-0.5	0.0
Inc Tax Ex Impact of Sp Items	0.8	1.5	1.3	0.1	0.0
Normalized Income After Tax	2.3	5.1	4.2	3.4	-6.6
Normalized Inc. Avail to Com.	2.3	5.1	4.2	3.4	-6.6
Basic Normalized EPS	0.21	0.47	0.38	0.31	-0.66
Diluted Normalized EPS	0.21	0.47	0.38	0.31	-0.66
Rental Expenses	0.0	0.0	0.0	0.0	0.0
Advertising Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
Research & Development Exp, Supplemental	0.1	0.0	0.0	0.0	0.0
Normalized EBIT	5.5	7.6	7.5	6.0	-3.6
Normalized EBITDA	10.5	12.9	11.9	11.6	3.3

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
UpdateType/Date	Updated Normal 31-Dec-2011	Restated Normal 31-Dec-2011	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate	1152	1134.9	1164.475	1259.55	936.05
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Cash & Equivalents	5.6	4.2	5.3	3.6	1.4
Short Term Investments	0.0	0.0	0.1	0.0	0.1
Cash and Short Term Investments	5.6	4.2	5.3	3.6	1.4
Accounts Receivable - Trade, Gross	29.2	26.6	24.7	21.3	26.2
Provision for Doubtful Accounts	-0.5	-0.5	-0.9	-0.7	-0.9
Trade Accounts Receivable - Net	28.7	26.1	23.8	20.6	25.2
Other Receivables	0.1	0.1	0.1	0.3	0.7
Total Receivables, Net	28.8	26.2	24.0	20.9	25.9
Inventories - Finished Goods	11.0	8.9	9.4	8.8	10.1
Inventories - Work In Progress	4.7	4.3	4.1	3.1	5.1
Inventories - Raw Materials	23.1	18.4	6.9	7.6	8.0
Inventories - Other	0.4	2.9	0.2	0.3	0.5
Total Inventory	39.2	34.4	20.7	19.7	23.7
Prepaid Expenses	0.2	0.3	0.3	0.3	0.3
Deferred Income Tax - Current Asset	-	-	0.5	-	-
Other Current Assets	0.0	0.2	0.2	-	0.0
Other Current Assets, Total	0.0	0.2	0.7	-	0.0
Total Current Assets	73.8	65.3	51.0	44.6	51.4
Buildings	23.2	23.6	22.5	20.7	32.8
Land/Improvements	42.1	42.7	10.5	9.7	26.2
Machinery/Equipment	70.5	70.1	67.6	61.5	83.0
Construction in Progress	0.2	0.4	0.4	0.2	-
Other Property/Plant/Equipment	0.0	0.0	-	-	-
Property/Plant/Equipment - Gross	136.0	136.8	101.1	92.1	142.0
Accumulated Depreciation	-63.6	-59.8	-53.8	-45.3	-57.4
Property/Plant/Equipment - Net	72.3	77.0	47.3	46.8	84.6
Intangibles, Net	0.1	0.1	-	-	-
LT Investments - Other	0.4	0.0	0.0	0.1	0.3
Long Term Investments	0.4	0.0	0.0	0.1	0.3
Note Receivable - Long Term	-	-	-	0.0	0.1
Other Long Term Assets	14.3	14.5	13.5	12.4	1.9
Other Long Term Assets, Total	14.3	14.5	13.5	12.4	1.9
Total Assets	160.9	156.9	111.8	103.9	138.2
Accounts Payable	10.3	12.3	10.4	9.3	14.7
Accrued Expenses	2.6	2.5	2.0	2.0	3.5
Notes Payable/Short Term Debt	40.7	32.9	20.0	23.0	31.9
Current Portion - Long Term Debt/Capital Leases	-	-	8.9	7.1	9.2
Customer Advances	0.0	0.0	0.0	0.0	3.2
Income Taxes Payable	0.4	1.4	0.1	-	-
Other Payables	0.0	0.0	0.0	0.1	0.1
Other Current Liabilities	0.7	0.2	0.2	0.1	0.3
Other Current liabilities, Total	1.1	1.7	0.4	0.2	3.6
Total Current Liabilities	54.7	49.4	41.7	41.6	62.8
Long Term Debt	0.1	0.1	0.1	1.6	11.7
Total Long Term Debt	0.1	0.1	0.1	1.6	11.7
Total Debt	40.8	33.0	29.0	31.7	52.7
Deferred Income Tax - LT Liability	6.7	7.1	0.8	0.5	-
Deferred Income Tax	6.7	7.1	0.8	0.5	-
Pension Benefits - Underfunded	5.3	5.7	5.2	4.6	5.5
Other Liabilities, Total	5.3	5.7	5.2	4.6	5.5
Total Liabilities	66.8	62.4	47.7	48.4	79.9
Common Stock	4.8	4.8	4.7	4.4	5.9
Common Stock	4.8	4.8	4.7	4.4	5.9
Additional Paid-In Capital	4.1	4.2	31.0	28.7	38.6
Retained Earnings (Accumulated Deficit)	58.0	57.8	28.3	22.5	13.8
Unrealized Gain (Loss)	27.3	27.7	-	-	-
Total Equity	94.1	94.5	64.0	55.6	58.3
Total Liabilities & Shareholders’ Equity	160.9	156.9	111.8	103.9	138.2
Shares Outstanding - Common Stock Primary Issue	11.0	11.0	11.0	11.0	11.0
Total Common Shares Outstanding	11.0	11.0	11.0	11.0	11.0
Treasury Shares - Common Stock Primary Issue	0.0	0.0	0.0	0.0	0.0
Employees	-	-	259	259	269
Number of Common Shareholders	-	-	-	676	855
Deferred Revenue - Current	0.0	0.0	0.0	0.1	3.5
Total Long Term Debt, Supplemental	0.1	-	1.7	8.7	20.8
Long Term Debt Maturing within 1 Year	0.0	-	1.6	7.1	9.2
Long Term Debt Maturing in Year 2	0.0	-	0.0	1.5	9.5
Long Term Debt Maturing in Year 3	0.0	-	0.0	0.0	2.0
Long Term Debt Maturing in Year 4	0.0	-	-	-	0.0
Long Term Debt Maturing in Year 5	0.0	-	-	-	-
Long Term Debt Maturing in 2-3 Years	0.0	-	0.0	1.5	11.6
Long Term Debt Maturing in 4-5 Years	0.0	-	-	-	0.0
Long Term Debt Matur. in Year 6 & Beyond	0.0	-	0.1	0.1	0.1
Total Operating Leases, Supplemental	0.4	-	0.9	0.7	0.1
Operating Lease Payments Due in Year 1	0.1	-	0.1	0.3	0.0
Operating Lease Payments Due in Year 2	0.1	-	0.2	0.1	0.0
Operating Lease Payments Due in Year 3	0.1	-	0.2	0.1	0.0
Operating Lease Payments Due in Year 4	0.1	-	0.2	0.1	0.0
Operating Lease Payments Due in Year 5	0.1	-	0.2	0.1	0.0
Operating Lease Pymts. Due in 2-3 Years	0.2	-	0.4	0.2	0.0
Operating Lease Pymts. Due in 4-5 Years	0.2	-	0.4	0.2	0.0
Oper. Lse. Pymts. Due in Year 6 & Beyond	0.0	-	0.0	0.0	0.0

Annual Cash Flows

Financials in: USD (mil)

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Reclassified Normal 31-Dec-2011	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1107.891393	1156.281981	1276.385219	1100.562842	929.183333
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Net Income/Starting Line	2.3	5.1	4.2	14.2	-6.2
Depreciation	5.0	5.3	4.4	5.6	6.9
Depreciation/Depletion	5.0	5.3	4.4	5.6	6.9
Deferred Taxes	-	-	-0.3	0.6	-
Unusual Items	0.1	-0.5	-0.2	-11.3	-0.4
Other Non-Cash Items	4.4	3.6	1.3	1.7	1.6
Non-Cash Items	4.5	3.2	1.1	-9.6	1.3
Accounts Receivable	-3.0	2.2	-1.6	-2.6	-0.4
Inventories	-8.2	-10.2	0.6	-2.5	3.1
Prepaid Expenses	-	-	0.0	0.0	-0.1
Other Assets	3.2	-2.5	-	-	-
Accounts Payable	-1.8	1.6	0.3	-1.8	3.9
Accrued Expenses	-	-	0.1	-0.9	0.7
Taxes Payable	-	-	-0.2	0.3	0.2
Other Liabilities	-2.0	-0.8	-0.8	-3.4	0.4
Other Assets & Liabilities, Net	-	-	-	0.0	-
Other Operating Cash Flow	-4.3	-1.6	-	-	-
Changes in Working Capital	-16.2	-11.3	-1.5	-11.0	7.7
Cash from Operating Activities	-4.3	2.3	8.0	-0.2	9.7
Purchase of Fixed Assets	-1.3	-1.4	-1.3	-0.7	-0.7
Capital Expenditures	-1.3	-1.4	-1.3	-0.7	-0.7
Sale of Fixed Assets	0.0	0.0	0.0	24.8	0.4
Sale/Maturity of Investment	0.0	0.1	0.0	0.2	0.5
Purchase of Investments	-0.5	-	-	-0.1	-
Other Investing Cash Flow	0.0	-0.8	0.1	-12.3	-0.5
Other Investing Cash Flow Items, Total	-0.4	-0.7	0.1	12.6	0.4
Cash from Investing Activities	-1.8	-2.1	-1.3	11.9	-0.3
Other Financing Cash Flow	0.0	-1.7	-7.0	-7.8	-9.2
Financing Cash Flow Items	0.0	-1.7	-7.0	-7.8	-9.2
Cash Dividends Paid - Common	-1.0	-1.0	-0.6	-0.2	-0.2
Total Cash Dividends Paid	-1.0	-1.0	-0.6	-0.2	-0.2
Sale/Issuance of Common	-	-	-	-	7.3
Common Stock, Net	-	-	-	-	7.3
Issuance (Retirement) of Stock, Net	-	-	-	-	7.3
Short Term Debt Issued	51.3	23.9	19.4	16.2	-
Short Term Debt Reduction	-32.4	-25.3	-23.9	-16.9	-12.3
Short Term Debt, Net	19.0	-1.4	-4.5	-0.8	-12.3
Long Term Debt Issued	-	9.9	6.7	-	4.8
Long Term Debt Reduction	-10.4	-7.4	-	-	-
Long Term Debt, Net	-10.4	2.6	6.7	-	4.8
Issuance (Retirement) of Debt, Net	8.6	1.2	2.2	-0.8	-7.4
Cash from Financing Activities	7.6	-1.4	-5.4	-8.8	-9.5
Foreign Exchange Effects	0.0	0.0	-	-	-
Net Change in Cash	1.5	-1.2	1.3	2.9	-0.2
Net Cash - Beginning Balance	4.3	5.3	3.5	1.2	1.6
Net Cash - Ending Balance	5.8	4.1	4.8	4.1	1.4
Cash Interest Paid	2.1	1.7	-	-	-
Cash Taxes Paid	2.2	0.3	-	-	-

Annual Income Statement

Financials in: USD (mil)

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

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Restated Normal 31-Dec-2011	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1107.891393	1156.281981	1276.385219	1100.562842	929.183333
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Revenue	142.7	133.2	106.9	131.3	144.5
Total Revenue	142.7	133.2	106.9	131.3	144.5
Cost of Revenue	130.5	119.4	93.8	119.2	140.6
Salaries & Wages	1.9	1.8	1.5	1.6	2.1
Retirement & Severance Benefits	0.2	0.2	0.2	0.2	0.1
Group Retire. Allow	0.3	0.3	0.2	0.2	0.3
Commissions Paid	0.7	0.7	0.4	0.2	0.3
Travel Expense	0.1	0.1	0.1	0.1	0.1
Utility Expense	0.2	0.2	0.1	0.2	0.2
Taxes and Dues	0.0	0.0	0.0	0.0	0.0
Communication Exp.	0.1	0.1	0.0	0.1	0.1
Rent	0.0	0.0	0.0	0.0	0.0
Insurance Expense	0.0	0.0	0.0	0.0	0.0
Entertainment Expense	0.2	0.2	0.1	0.1	0.1
Expenses for Samples	0.1	0.0	0.0	0.0	0.1
Shipping & Handling Expense	0.8	0.8	0.7	0.8	0.9
Consumable Expense	0.0	0.0	0.0	0.0	0.0
Repair Expense	0.0	0.0	0.0	0.0	0.0
Publishing Expenses	0.0	0.0	0.0	0.0	0.0
Transportation Equip	0.2	0.2	0.1	0.2	0.2
Education & Training Expense	0.0	0.0	0.0	0.0	0.0
Adjustment for Selling and Administrativ	0.0	0.0	-	-	-
Advertising Expense	0.0	0.0	0.0	0.0	0.0
Development Costs	0.1	0.0	0.0	0.0	0.0
Depreciation Expense	0.0	0.0	0.0	0.0	0.0
Other Exporting Related Expense	1.4	1.7	1.6	2.1	2.7
Amort. of Bad Debts	-	-	0.3	0.2	0.1
Miscellaneous Operating Expense	0.0	0.0	0.0	0.0	0.0
Gain on Foreign Currency Transactions	0.1	0.1	-	-	-
Loss on Foreign Currency Translation	0.0	0.0	-	-	-
Gain on Disposal of Property, Plant and	0.0	0.0	-	-	-
Reversal of Allowance for Doubtful Accou	0.0	-0.2	-	-	-
Miscellaneous Income	0.1	0.0	-	-	-
Other Operating Expense	0.0	0.1	-	-	-
Adjustment for Other Operating Expense	-	-	-	-	-
Total Operating Expense	137.2	125.7	99.4	125.4	148.1
Interest Income	0.4	0.4	0.1	0.2	0.3
Gain Disposal Assets	-	-	0.0	11.3	0.4
Gain-Foreign Exchange Transaction	-	-	1.5	3.0	0.5
Gain-Foreign Currency Translation	-	-	0.1	0.4	0.0
Gain-Currency Forwards Transactions	0.2	0.3	0.4	0.1	-
Gain on Valuation of Currency Forward	0.0	0.2	0.2	-	0.0
Reversal of Allowance for Doubtful Accou	-	-	0.0	-	-
Miscellaneous Income	-	-	0.4	0.5	0.8
Adjustment for Finance Income	0.0	0.0	-	-	-
Adjustment for Finance Expense	0.0	0.0	-	-	-
Interest on Borrowings	-2.2	-1.6	-1.7	-3.1	-3.5
Loss on Disposal of Financial Instrument	0.0	0.0	0.0	0.0	-
Loss-Currency Forwards Transaction	-0.2	-0.1	-	-0.3	-
Bad Debt Expense	-	-	-	0.0	0.0
Loss Disp Tang. Ast	-	-	-	0.0	0.0
Loss on Valuation of Currency Forward	-0.6	-	0.0	-	-
Loss-Foreign Exchange Transaction	-	-	-1.8	-2.0	-0.5
Loss-Foreign Currency Translation	-	-	-0.1	-0.6	0.0
Miscellaneous Exp.	-	-	-1.1	-0.7	-0.5
Donations Paid	-	-	0.0	0.0	0.0
Net Income Before Taxes	3.1	6.7	5.5	14.9	-6.2
Provision for Income Taxes	0.8	1.5	1.3	0.6	0.0
Net Income After Taxes	2.3	5.1	4.2	14.2	-6.2
Net Income Before Extra. Items	2.3	5.1	4.2	14.2	-6.2
Net Income	2.3	5.1	4.2	14.2	-6.2
Income Available to Com Excl ExtraOrd	2.3	5.1	4.2	14.2	-6.2
Income Available to Com Incl ExtraOrd	2.3	5.1	4.2	14.2	-6.2
Basic Weighted Average Shares	11.0	11.0	11.0	11.0	10.0
Basic EPS Excluding ExtraOrdinary Items	0.21	0.47	0.39	1.29	-0.63
Basic EPS Including ExtraOrdinary Item	0.21	0.47	0.39	1.29	-0.63
Dilution Adjustment	0.0	0.0	-	-	0.0
Diluted Net Income	2.3	5.1	4.2	14.2	-6.2
Diluted Weighted Average Shares	11.0	11.0	11.0	11.0	10.0
Diluted EPS Excluding ExtraOrd Items	0.21	0.47	0.39	1.29	-0.63
Diluted EPS Including ExtraOrd Items	0.21	0.47	0.39	1.29	-0.63
DPS-Common Stock	0.09	0.09	0.08	0.07	0.03
Gross Dividends - Common Stock	1.0	1.0	0.9	0.7	0.3
Normalized Income Before Taxes	3.1	6.7	5.5	3.5	-6.6
Inc Tax Ex Impact of Sp Items	0.8	1.5	1.3	0.1	0.0
Normalized Income After Taxes	2.3	5.1	4.2	3.4	-6.6
Normalized Inc. Avail to Com.	2.3	5.1	4.2	3.4	-6.6
Basic Normalized EPS	0.21	0.47	0.38	0.31	-0.66
Diluted Normalized EPS	0.21	0.47	0.38	0.31	-0.66
Interest Expense, Supplemental	2.2	1.6	1.7	3.1	3.5
Rental Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
Advertising Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
R&D Expense, Supplemental	0.1	0.0	0.0	0.0	0.0
Depreciation, Supplemental	5.0	5.3	4.4	5.6	6.9

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
UpdateType/Date	Updated Normal 31-Dec-2011	Restated Normal 31-Dec-2011	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate	1152	1134.9	1164.475	1259.55	936.05
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Cash & Deposits	5.6	4.2	5.3	3.6	1.4
Currency Futures, Current Assets	0.0	0.2	0.2	-	0.0
ST Investment Assets	0.0	0.0	0.1	0.0	0.1
ST Loan, Net	-	-	0.0	0.1	0.4
Trade Rcvb Gross	29.2	26.6	24.7	21.3	26.2
Allowance for Doubtful Accounts	-0.5	-0.5	-0.9	-0.7	-0.9
Adjustment for Trade Receivables	0.0	-	-	-	-
Account Receivables	0.1	0.1	0.1	0.2	0.3
Allowance for Doubtful Accounts for Othe	-	-	0.0	-	-
Adjustment for Other Current Assets	0.0	0.0	-	-	-
Advance Payments	0.1	2.6	0.0	0.0	0.0
Prepaid Expenses	0.2	0.3	0.3	0.3	0.3
Receivable-Recovery of Taxes	-	-	-	0.0	0.0
Finished Goods	11.0	8.9	10.0	8.8	10.1
Allowance for Loss on Valuation of Finis	-	-	-0.6	-	-
Works in Process	4.7	4.3	4.2	3.1	5.1
Allowance for Loss on Valuation of Works	-	-	-0.1	-	-
Raw Materials	23.1	18.4	6.9	7.6	8.0
Stored goods	0.3	0.3	0.2	0.3	0.5
Adjustment for Inventories	0.0	-	-	-	-
Deferred Income Taxes Assets Current	-	-	0.5	-	-
Total Current Assets	73.8	65.3	51.0	44.6	51.4
LT Loan	-	-	-	0.0	0.1
LT Deposits	0.0	0.0	0.0	0.0	0.1
Investment Securities	0.4	0.0	0.0	0.1	0.1
Adjustment for Non-Current Financial Ins	0.0	0.0	-	-	-
Non-Current Prepaid Lease Expenses	0.8	1.2	-	-	-
Guarantee Deposits, Non-Current Assets	13.5	13.4	13.5	12.4	1.9
Lands	42.1	42.7	10.5	9.7	26.2
Buildings	23.2	23.6	22.5	20.7	32.4
Buildings-Depreciation	-4.4	-3.9	-3.3	-2.5	-4.6
Structures	0.0	0.0	0.0	0.0	0.4
Structures-Depreciation	0.0	0.0	0.0	0.0	-0.3
Machineries & Equipments	60.6	60.5	58.6	53.6	71.9
Machineries & Equipments-Depreciation	-50.5	-47.3	-42.3	-35.6	-43.0
Government Subsidy for Machinery	0.0	0.0	0.0	-	-
Vehicles	0.7	0.6	0.6	0.6	0.7
Vehicles-Depreciation	-0.6	-0.6	-0.6	-0.5	-0.7
Tools & Equipments	9.2	8.9	8.4	7.3	10.4
Tools & Equipments-Depreciation	-8.1	-8.1	-7.6	-6.6	-9.0
Adjustment for Property, Plant & Equipme	0.0	0.0	-	-	-
Construction in Progress	0.2	0.4	0.4	0.2	-
Intangibles, Net	0.1	0.1	-	-	-
Total Assets	160.9	156.9	111.8	103.9	138.2
Trade Acct. Pay.	10.3	12.3	10.4	9.3	14.7
Accounts Payable	0.0	0.0	0.0	0.1	0.1
Value Added Taxes Withholdings	0.2	0.3	0.2	0.5	0.3
Income Taxes Payable	0.4	1.4	0.1	-	-
Bonds, Current Liabilities	-	-	7.3	-	-
Accrued Expenses	2.4	2.2	1.8	1.6	3.1
Advance from Customers, Current Liabilit	0.0	0.0	0.0	0.0	3.2
Deposit Withheld	0.2	0.2	0.2	0.1	0.3
Financial Liabilities at Fair Value Thro	0.6	-	-	-	-
Adjustment for Other Current Financial L	0.0	0.0	-	-	-
Adjustment for Other Current Liabilities	0.0	0.0	-	-	-
Current Borrowings & Bonds	40.7	32.9	20.0	23.0	31.9
Currency Futures, Current	-	-	0.0	-	-
Current Port LTD	-	-	1.6	7.1	9.2
Total Current Liabilities	54.7	49.4	41.7	41.6	62.8
LT Borrowings	0.1	0.1	0.1	1.6	11.7
Total Long Term Debt	0.1	0.1	0.1	1.6	11.7
Deferred Income Taxes, Non-Current Liabi	6.7	7.1	0.8	0.5	-
Retirement & Severance Benefits, Non-Cur	4.9	5.4	7.4	4.6	5.5
Deposits for Retirement and Severance Be	-	-	-2.0	-	-
Transfer to National Pension Fund	-	-	-0.2	-	-
Other Non-Current Employee Benefits Lia	0.4	0.4	-	-	-
Total Liabilities	66.8	62.4	47.7	48.4	79.9
Common Stock	4.8	4.8	4.7	4.4	5.9
Paid-in Capital in Excess of Par	4.1	4.2	4.1	3.8	5.1
Other Capital	-	-	0.2	0.2	0.3
Asset Revalued	-	-	26.7	24.7	33.3
Voluntary Reserve	1.8	1.7	21.7	8.4	17.7
Legal Reserve	-	-	1.6	1.4	1.8
Retained Carried	-	-	5.0	12.7	-5.7
Reserve for Business Stabilizations	0.9	0.9	-	-	-
Other Voluntary Reserves	28.4	25.0	-	-	-
Reserve for Assets Revaluation	27.3	27.7	-	-	-
Retained Earnings Carried Forward	26.9	30.2	-	-	-
Adjustment for Retained Earnings or Accu	0.0	0.0	-	-	-
Total Equity	94.1	94.5	64.0	55.6	58.3
Total Liabilities & Shareholders' Equity	160.9	156.9	111.8	103.9	138.2
S/O-Common Stock	11.0	11.0	11.0	11.0	11.0
Total Common Shares Outstanding	11.0	11.0	11.0	11.0	11.0
T/S-Common Stock	0.0	0.0	0.0	0.0	0.0
Deferred Revenue, Current	0.0	0.0	0.0	0.1	3.5
Full-Time Employees	-	-	259	259	269
Number of Common Shareholders	-	-	-	676	855
Long Term Debt Due in Year 1	0.0	-	1.6	7.1	9.2
Long Term Debt Due in Year 2	0.0	-	0.0	1.5	9.5
Long Term Debt Due in Year 3	-	-	0.0	0.0	2.0
Long Term Debt Due in Year 4	-	-	-	-	0.0
Long Term Debt Maturing in Year 5	0.0	-	-	-	-
LT Debt Remaining	0.0	-	0.1	0.1	0.1
Total Long Term Debt, Supplemental	0.1	-	1.7	8.7	20.8
Operating Lease Due in Year 1	0.1	-	0.1	0.3	0.0
Operating Lease Due in Year 5	0.3	-	0.8	0.5	0.0
Total Operating Leases	0.4	-	0.9	0.7	0.1

Annual Cash Flows

Financials in: USD (mil)

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Reclassified Normal 31-Dec-2011	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1107.891393	1156.281981	1276.385219	1100.562842	929.183333
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Net Income	2.3	5.1	4.2	14.2	-6.2
Depreciation	5.0	5.3	4.4	5.6	6.9
Other Provisions-Doubtful Account	-	-	-	0.0	0.0
Amort-Bad Debt Expenses	-	-	0.3	0.2	0.1
Payment for Retirement Allowance, ONCI	1.3	1.1	1.0	1.2	1.6
Interest Expenses	2.2	1.6	-	-	-
Corporate Taxes Expense	0.8	1.5	-	-	-
Translation Loss	0.1	0.1	0.1	0.6	0.0
Recovery of Provision in Loss on Valuati	-	-0.3	-	-	-
Loss-Disposal of Marketable Securities	-	-	0.0	0.0	-
Gain-Valuation of Currency Futures	0.0	-0.2	-0.2	-	0.0
Loss-Valuation of Currency Futures	-	-	0.0	-	-
Recovery of Allowance for Doubtful Accou	0.0	-0.2	0.0	-	-
Loss on Disposal of Property, Plant and	0.0	0.0	-	0.0	0.0
Loss on Valuation of Currency Forwards	0.6	-	-	-	-
Losses on Valuation of Inventories	0.2	-	-	-	-
Gain on Disposal of Property, Plant and	0.0	0.0	0.0	-11.3	-0.4
Recovery-Inventory Valuation Loss	-	-	-	-	-0.1
Interest Income	-0.4	-0.4	-	-	-
Translation Gain	-0.1	-0.1	-0.1	-0.4	0.0
Inventory	-8.2	-10.2	0.6	-2.5	3.1
Trade Receivables	-3.0	2.2	-1.7	-2.6	-0.4
Account Receivables	0.0	0.0	0.1	0.0	0.0
Advanced Payment	-	-	0.0	0.0	0.0
Prepaid Expenses	-	-	0.0	0.0	-0.1
Corporate Tax Refundable	-	-	0.0	0.0	0.0
Decrease or Increase in Deferred Income	-	-	-0.5	-	-
Trade Payables	-1.8	1.6	0.3	-1.9	4.1
Account Payable	-	-	0.0	0.0	-0.2
Accrued Expenses	-	-	0.1	-0.9	0.7
Currency Forwards, A/L	-	-	-	0.0	-
Increase or Decrease in Income Taxes Pay	-	-	0.1	-	-
Advances Received	-	-	0.0	-2.7	3.2
Deposits Withheld	-	-	0.0	-0.1	0.1
Financial Liabilities at Fair Value Thro	-	0.2	-	-	-
Financial Assets at Fair Value Through P	0.2	0.0	-	-	-
Other Assets	3.0	-2.5	-	-	-
Deferred Income Tax Credit, A/L	-	-	0.2	0.6	-
Output Taxes Withheld	-	-	-0.3	0.3	0.2
Increase or Decrease in National Pension	-	-	0.0	0.0	0.1
Payment for Retirement Allowance	-1.5	-1.1	-0.9	-0.6	-4.1
Retirement Insurance Deposits	-	-	0.1	0.0	1.1
Plan Assets in Fair Value	-0.2	-0.1	-	-	-
Other Financial Liabilities	0.2	0.4	-	-	-
Other Liabilities	-0.2	0.1	-	-	-
Plan Assets	-0.3	-0.3	-	-	-
Cash-Interest Received	0.0	0.4	-	-	-
Cash-Interest Paid	-2.1	-1.7	-	-	-
Cash Tax Paid	-2.2	-0.3	-	-	-
Other Non-Cash Items	0.0	0.0	-	-	-
Cash from Operating Activities	-4.3	2.3	8.0	-0.2	9.7
Disposal of Securities Available-for-Sal	0.0	0.1	-	-	-
Decrease-LT Financial Assets	-	0.0	-	0.1	-
Decrease-ST Loans	-	0.0	0.0	0.4	-
Decrease-LT Loans	-	-	-	0.1	-
Decrease in Current Guarantee Deposit	0.0	-0.8	-	0.0	0.0
Dec-ST Investment Assets	-	-	0.0	0.1	0.5
Decrease-Investment Securities	-	-	-	0.0	-
Disposal-Land	-	-	-	21.2	-
Disposal-Buildings	-	-	-	3.4	-
Disposal-Structure	-	-	-	0.1	-
Disposal of Property, Plant and Equipmen	0.0	0.0	-	-	-
Disposal Mach./Equip	-	-	0.0	0.0	0.4
Disposal Trans Equip	-	-	0.0	0.0	0.0
Increase-ST Loans	-	-	-	-0.1	-0.4
Increase-LT Loans	-	-	-	0.0	-0.1
Increase-Guarantee Deposit	-	-	0.0	-12.7	-
Increase-Government Subsidy	-	-	0.0	-	-
Increase-ST Investment Assets	-	-	-	-0.1	-
Increase-Investment Securities	-	-	-	0.0	-
Purchase of Securities Available-for-Sal	-0.5	-	-	-	-
Purchase of Property, Plant and Equipmen	-1.3	-1.4	-	-	-
Purchase of Buildings	-	-	-0.2	-	-
Purchase of Machinery	-	-	-0.3	-0.2	-0.6
Purchase of Vehicles	-	-	0.0	-0.1	0.0
Purchase of Office Equipment	-	-	-0.4	-0.2	0.0
Purchase of Construction in Progress	-	-	-0.4	-0.2	-
Cash from Investing Activities	-1.8	-2.1	-1.3	11.9	-0.3
Increase in Current Borrowings	51.3	23.9	19.4	16.2	-
Increase-LT Borrowings	-	-	-	-	4.8
Proceeds from Issuance of Bonds	-	9.9	6.7	-	-
Capital Increase	-	-	-	-	7.3
Dec-Current Portion of LT Borrowings	0.0	-1.7	-7.0	-7.8	-9.2
Decrease in Current Borrowings	-32.4	-25.3	-23.9	-16.9	-12.3
Repayments of Bonds	-10.4	-7.4	-	-	-
Dividends Paid	-1.0	-1.0	-0.6	-0.2	-0.2
Cash from Financing Activities	7.6	-1.4	-5.4	-8.8	-9.5
Foreign Exchange Effects	0.0	0.0	-	-	-
Net Change in Cash	1.5	-1.2	1.3	2.9	-0.2
Net Cash - Beginning Balance	4.3	5.3	3.5	1.2	1.6
Net Cash - Ending Balance	5.8	4.1	4.8	4.1	1.4
Cash Interest Paid	2.1	1.7	-	-	-
Cash Taxes Paid	2.2	0.3	-	-	-

Financial Health

Financials in: USD (mil)

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

Key Indicators USD (mil)
Â	Quarter Ending 31-Dec-2011	Quarter Ending Yr Ago	Annual Year End 31-Dec-2011	1 Year Growth	3 Year Growth	5 Year Growth
Total Revenue1	35.2	4.68%	142.7	2.66%	3.03%	3.04%
Research & Development1	-	-	0.1	313.88%	66.76%	20.13%
Operating Income1	1.4	33.53%	5.5	-29.78%	-2.68%	-
Income Available to Common Excl Extraord Items1	0.8	-3.10%	2.3	-56.18%	-45.03%	-
Basic EPS Excl Extraord Items1	0.07	-3.10%	0.21	-56.18%	-45.03%	-
Capital Expenditures2	1.3	-8.66%	1.3	-8.66%	25.47%	-1.12%
Cash from Operating Activities2	-4.3	-	-4.3	-	-	-
Free Cash Flow	-5.4	-	-5.4	-	-	-
Total Assets3	160.9	4.12%	160.9	4.12%	12.29%	6.11%
Total Liabilities3	66.8	8.70%	66.8	8.70%	8.08%	-1.75%
Total Long Term Debt3	0.1	-11.45%	0.1	-11.45%	-65.92%	-64.93%
Total Common Shares Outstanding3	11.0	0.00%	11.0	0.00%	0.00%	7.22%
1-ExchangeRate: KRW to USD Average for Period	1145.271505	Â	1107.891393	Â	Â	Â
2-ExchangeRate: KRW to USD Average for Period	1107.891393	Â	1107.891393	Â	Â	Â
3-ExchangeRate: KRW to USD Period End Date	1152.000000	Â	1152.000000	Â	Â	Â

Key Ratios
Â	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Profitability
Gross Margin	8.51%	10.33%	12.27%	9.24%	2.71%
Operating Margin	3.84%	5.61%	7.04%	4.56%	-2.49%
Pretax Margin	2.21%	5.00%	5.16%	11.31%	-4.32%
Net Profit Margin	1.65%	3.86%	3.96%	10.84%	-4.32%
Financial Strength
Current Ratio	1.35	1.32	1.22	1.07	0.82
Long Term Debt/Equity	0.00	0.00	0.00	0.03	0.20
Total Debt/Equity	0.43	0.35	0.45	0.57	0.90
Management Effectiveness
Return on Assets	1.43%	3.85%	4.14%	12.03%	-4.34%
Return on Equity	2.41%	6.53%	7.48%	25.15%	-10.69%
Efficiency
Receivables Turnover	5.02	5.34	5.03	5.71	5.60
Inventory Turnover	3.44	4.38	4.89	5.58	5.55
Asset Turnover	0.87	1.00	1.05	1.11	1.00

Market Valuation USD (mil)
P/E (TTM)	12.22	.	Enterprise Value2	62.8
Price/Sales (TTM)	0.20	.	Enterprise Value/Revenue (TTM)	0.46
Price/Book (MRQ)	0.29	.	Enterprise Value/EBITDA (TTM)	6.22
Market Cap as of 09-Mar-20121	28.4	.
1-ExchangeRate: KRW to USD on 9-Mar-2012	1118.032798
2-ExchangeRate: KRW to USD on 31-Dec-2011	1152.000000

Annual Ratios

Financials in: USD (mil)

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

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Financial Strength
Current Ratio	1.35	1.32	1.22	1.07	0.82
Quick/Acid Test Ratio	0.63	0.62	0.70	0.59	0.44
Working Capital1	19.0	15.9	9.3	2.9	-11.4
Long Term Debt/Equity	0.00	0.00	0.00	0.03	0.20
Total Debt/Equity	0.43	0.35	0.45	0.57	0.90
Long Term Debt/Total Capital	0.00	0.00	0.00	0.02	0.11
Total Debt/Total Capital	0.30	0.26	0.31	0.36	0.47
Payout Ratio	42.27%	18.52%	20.34%	5.27%	-4.30%
Effective Tax Rate	25.36%	22.92%	23.20%	4.22%	-
Total Capital1	134.9	127.5	93.1	87.3	111.0
Efficiency
Asset Turnover	0.87	1.00	1.05	1.11	1.00
Inventory Turnover	3.44	4.38	4.89	5.58	5.55
Days In Inventory	106.21	83.41	74.62	65.42	65.82
Receivables Turnover	5.02	5.34	5.03	5.71	5.60
Days Receivables Outstanding	72.67	68.33	72.52	63.91	65.16
Revenue/Employee2	-	-	452,473	443,118	533,156
Operating Income/Employee2	-	-	31,869	20,184	-13,299
EBITDA/Employee2	-	-	50,460	39,057	12,301
Profitability
Gross Margin	8.51%	10.33%	12.27%	9.24%	2.71%
Operating Margin	3.84%	5.61%	7.04%	4.56%	-2.49%
EBITDA Margin	7.32%	9.58%	11.15%	8.81%	2.31%
EBIT Margin	3.84%	5.61%	7.04%	4.56%	-2.49%
Pretax Margin	2.21%	5.00%	5.16%	11.31%	-4.32%
Net Profit Margin	1.65%	3.86%	3.96%	10.84%	-4.32%
R&D Expense/Revenue	0.05%	0.01%	0.01%	0.01%	0.01%
COGS/Revenue	91.49%	89.67%	87.73%	90.76%	97.29%
SG&A Expense/Revenue	4.50%	4.73%	5.19%	4.65%	5.17%
Management Effectiveness
Return on Assets	1.43%	3.85%	4.14%	12.03%	-4.34%
Return on Equity	2.41%	6.53%	7.48%	25.15%	-10.69%
Valuation
Free Cash Flow/Share2	-0.49	0.08	0.66	-0.07	0.81
Operating Cash Flow/Share 2	-0.38	0.21	0.79	-0.02	0.87
1-ExchangeRate: KRW to USD Period End Date	1152	1134.9	1164.475	1259.55	936.05
2-ExchangeRate: KRW to USD Average for Period	1152	1134.9	1164.475	1259.55	936.05

Current Market Multiples
Market Cap/Earnings (TTM)	12.22
Market Cap/Equity (MRQ)	0.29
Market Cap/Revenue (TTM)	0.20
Market Cap/EBIT (TTM)	5.24
Market Cap/EBITDA (TTM)	2.75
Enterprise Value/Earnings (TTM)	27.80
Enterprise Value/Equity (MRQ)	0.67
Enterprise Value/Revenue (TTM)	0.46
Enterprise Value/EBIT (TTM)	11.92
Enterprise Value/EBITDA (TTM)	6.25

Annual Income Statement

Standardized

Financials in: USD (mil)

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

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Restated Normal 31-Dec-2011	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1107.891393	1156.281981	1276.385219	1100.562842	929.183333
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Net Sales	142.7	133.2	106.9	131.3	144.5
Revenue	142.7	133.2	106.9	131.3	144.5
Total Revenue	142.7	133.2	106.9	131.3	144.5
Cost of Revenue	130.5	119.4	93.8	119.2	140.6
Cost of Revenue, Total	130.5	119.4	93.8	119.2	140.6
Gross Profit	12.1	13.8	13.1	12.1	3.9
Selling/General/Administrative Expense	3.9	4.0	3.7	4.0	4.8
Labor & Related Expense	2.5	2.3	1.9	2.1	2.6
Advertising Expense	0.0	0.0	0.0	0.0	0.0
Total Selling/General/Administrative Expenses	6.4	6.3	5.6	6.1	7.5
Research & Development	0.1	0.0	0.0	0.0	0.0
Depreciation	0.0	0.0	0.0	0.0	0.0
Depreciation/Amortization	0.0	0.0	0.0	0.0	0.0
Investment Income - Operating	0.1	0.1	-	-	-
Interest/Investment Income - Operating	0.1	0.1	-	-	-
Interest Expense (Income) - Net Operating Total	0.1	0.1	-	-	-
Loss (Gain) on Sale of Assets - Operating	0.0	0.0	-	-	-
Unusual Expense (Income)	0.0	0.0	-	-	-
Other Operating Expense	0.0	0.1	-	-	-
Other, Net	0.1	-0.3	-	-	-
Other Operating Expenses, Total	0.1	-0.2	-	-	-
Total Operating Expense	137.2	125.7	99.4	125.4	148.1
Operating Income	5.5	7.5	7.5	6.0	-3.6
Interest Expense - Non-Operating	-2.2	-1.6	-1.7	-3.1	-3.5
Interest Expense, Net Non-Operating	-2.2	-1.6	-1.7	-3.1	-3.5
Interest Income - Non-Operating	0.4	0.4	0.1	0.2	0.3
Investment Income - Non-Operating	-0.5	0.4	0.2	0.6	0.0
Interest/Investment Income - Non-Operating	-0.1	0.8	0.4	0.8	0.3
Interest Income (Expense) - Net Non-Operating Total	-2.3	-0.8	-1.4	-2.3	-3.2
Gain (Loss) on Sale of Assets	-	-	0.0	11.3	0.3
Other Non-Operating Income (Expense)	-	0.0	-0.7	-0.2	0.2
Other, Net	-	0.0	-0.7	-0.2	0.2
Income Before Tax	3.1	6.7	5.5	14.9	-6.2
Total Income Tax	0.8	1.5	1.3	0.6	0.0
Income After Tax	2.3	5.1	4.2	14.2	-6.2
Net Income Before Extraord Items	2.3	5.1	4.2	14.2	-6.2
Net Income	2.3	5.1	4.2	14.2	-6.2
Income Available to Common Excl Extraord Items	2.3	5.1	4.2	14.2	-6.2
Income Available to Common Incl Extraord Items	2.3	5.1	4.2	14.2	-6.2
Basic/Primary Weighted Average Shares	11.0	11.0	11.0	11.0	10.0
Basic EPS Excl Extraord Items	0.21	0.47	0.39	1.29	-0.63
Basic/Primary EPS Incl Extraord Items	0.21	0.47	0.39	1.29	-0.63
Dilution Adjustment	0.0	0.0	-	-	0.0
Diluted Net Income	2.3	5.1	4.2	14.2	-6.2
Diluted Weighted Average Shares	11.0	11.0	11.0	11.0	10.0
Diluted EPS Excl Extraord Items	0.21	0.47	0.39	1.29	-0.63
Diluted EPS Incl Extraord Items	0.21	0.47	0.39	1.29	-0.63
Dividends per Share - Common Stock Primary Issue	0.09	0.09	0.08	0.07	0.03
Gross Dividends - Common Stock	1.0	1.0	0.9	0.7	0.3
Interest Expense, Supplemental	2.2	1.6	1.7	3.1	3.5
Depreciation, Supplemental	5.0	5.3	4.4	5.6	6.9
Total Special Items	0.0	0.0	0.0	-11.3	-0.3
Normalized Income Before Tax	3.1	6.7	5.5	3.5	-6.6
Effect of Special Items on Income Taxes	0.0	0.0	0.0	-0.5	0.0
Inc Tax Ex Impact of Sp Items	0.8	1.5	1.3	0.1	0.0
Normalized Income After Tax	2.3	5.1	4.2	3.4	-6.6
Normalized Inc. Avail to Com.	2.3	5.1	4.2	3.4	-6.6
Basic Normalized EPS	0.21	0.47	0.38	0.31	-0.66
Diluted Normalized EPS	0.21	0.47	0.38	0.31	-0.66
Rental Expenses	0.0	0.0	0.0	0.0	0.0
Advertising Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
Research & Development Exp, Supplemental	0.1	0.0	0.0	0.0	0.0
Normalized EBIT	5.5	7.6	7.5	6.0	-3.6
Normalized EBITDA	10.5	12.9	11.9	11.6	3.3

Interim Income Statement

Standardized

Financials in: USD (mil)

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

	31-Dec-2011	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010
Period Length	3 Months	3 Months	3 Months	3 Months	3 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Restated Normal 31-Dec-2011
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1145.271505	1082.999462	1083.436022	1120.28956	1132.465591
Net Sales	35.2	36.3	37.6	33.6	34.0
Revenue	35.2	36.3	37.6	33.6	34.0
Total Revenue	35.2	36.3	37.6	33.6	34.0
Cost of Revenue	32.3	33.5	34.1	30.8	31.3
Cost of Revenue, Total	32.3	33.5	34.1	30.8	31.3
Gross Profit	3.0	2.8	3.5	2.9	2.7
Selling/General/Administrative Expense	0.8	2.1	1.6	2.1	1.1
Total Selling/General/Administrative Expenses	0.8	2.1	1.6	2.1	1.1
Other Operating Expense	-1.0	0.6	0.5	-	-1.1
Other, Net	1.8	-1.4	-0.2	-0.3	1.7
Other Operating Expenses, Total	0.8	-0.7	0.3	-0.3	0.6
Total Operating Expense	33.9	34.9	36.0	32.6	33.0
Operating Income	1.4	1.4	1.6	1.1	1.0
Interest Expense - Non-Operating	0.5	-	-0.5	-	-
Interest Expense, Net Non-Operating	0.5	-	-0.5	-	-
Interest Income (Expense) - Net Non-Operating	-0.7	-1.7	0.2	-0.1	-0.1
Interest Income (Expense) - Net Non-Operating Total	-0.2	-1.7	-0.4	-0.1	-0.1
Income Before Tax	1.2	-0.2	1.2	0.9	0.9
Total Income Tax	0.4	-0.1	0.2	0.2	0.1
Income After Tax	0.8	-0.2	1.0	0.7	0.8
Net Income Before Extraord Items	0.8	-0.2	1.0	0.7	0.8
Net Income	0.8	-0.2	1.0	0.7	0.8
Income Available to Common Excl Extraord Items	0.8	-0.2	1.0	0.7	0.8
Income Available to Common Incl Extraord Items	0.8	-0.2	1.0	0.7	0.8
Basic/Primary Weighted Average Shares	11.0	11.0	11.0	11.0	11.0
Basic EPS Excl Extraord Items	0.07	-0.02	0.09	0.07	0.08
Basic/Primary EPS Incl Extraord Items	0.07	-0.02	0.09	0.07	0.08
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	0.8	-0.2	1.0	0.7	0.8
Diluted Weighted Average Shares	11.0	11.0	11.0	11.0	11.0
Diluted EPS Excl Extraord Items	0.07	-0.02	0.09	0.07	0.08
Diluted EPS Incl Extraord Items	0.07	-0.02	0.09	0.07	0.08
Dividends per Share - Common Stock Primary Issue	0.09	0.00	0.00	0.00	0.09
Gross Dividends - Common Stock	1.0	0.0	0.0	0.0	1.0
Interest Expense, Supplemental	0.5	0.7	0.5	0.4	0.4
Depreciation, Supplemental	1.2	1.3	1.3	1.2	1.4
Normalized Income Before Tax	1.2	-0.2	1.2	0.9	0.9
Inc Tax Ex Impact of Sp Items	0.4	-0.1	0.2	0.2	0.1
Normalized Income After Tax	0.8	-0.2	1.0	0.7	0.8
Normalized Inc. Avail to Com.	0.8	-0.2	1.0	0.7	0.8
Basic Normalized EPS	0.07	-0.02	0.09	0.07	0.08
Diluted Normalized EPS	0.07	-0.02	0.09	0.07	0.08
Rental Expenses	-0.3	0.1	0.1	0.1	-0.2
Advertising Expense, Supplemental	0.0	-	0.0	0.0	0.0
Research & Development Exp, Supplemental	0.0	0.0	0.1	0.0	0.0
Normalized EBIT	1.4	1.4	1.6	1.1	1.0
Normalized EBITDA	2.6	2.7	2.8	2.3	2.4

Annual Balance Sheet

Standardized

Financials in: USD (mil)

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

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
UpdateType/Date	Updated Normal 31-Dec-2011	Restated Normal 31-Dec-2011	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate	1152	1134.9	1164.475	1259.55	936.05
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Cash & Equivalents	5.6	4.2	5.3	3.6	1.4
Short Term Investments	0.0	0.0	0.1	0.0	0.1
Cash and Short Term Investments	5.6	4.2	5.3	3.6	1.4
Accounts Receivable - Trade, Gross	29.2	26.6	24.7	21.3	26.2
Provision for Doubtful Accounts	-0.5	-0.5	-0.9	-0.7	-0.9
Trade Accounts Receivable - Net	28.7	26.1	23.8	20.6	25.2
Other Receivables	0.1	0.1	0.1	0.3	0.7
Total Receivables, Net	28.8	26.2	24.0	20.9	25.9
Inventories - Finished Goods	11.0	8.9	9.4	8.8	10.1
Inventories - Work In Progress	4.7	4.3	4.1	3.1	5.1
Inventories - Raw Materials	23.1	18.4	6.9	7.6	8.0
Inventories - Other	0.4	2.9	0.2	0.3	0.5
Total Inventory	39.2	34.4	20.7	19.7	23.7
Prepaid Expenses	0.2	0.3	0.3	0.3	0.3
Deferred Income Tax - Current Asset	-	-	0.5	-	-
Other Current Assets	0.0	0.2	0.2	-	0.0
Other Current Assets, Total	0.0	0.2	0.7	-	0.0
Total Current Assets	73.8	65.3	51.0	44.6	51.4
Buildings	23.2	23.6	22.5	20.7	32.8
Land/Improvements	42.1	42.7	10.5	9.7	26.2
Machinery/Equipment	70.5	70.1	67.6	61.5	83.0
Construction in Progress	0.2	0.4	0.4	0.2	-
Other Property/Plant/Equipment	0.0	0.0	-	-	-
Property/Plant/Equipment - Gross	136.0	136.8	101.1	92.1	142.0
Accumulated Depreciation	-63.6	-59.8	-53.8	-45.3	-57.4
Property/Plant/Equipment - Net	72.3	77.0	47.3	46.8	84.6
Intangibles, Net	0.1	0.1	-	-	-
LT Investments - Other	0.4	0.0	0.0	0.1	0.3
Long Term Investments	0.4	0.0	0.0	0.1	0.3
Note Receivable - Long Term	-	-	-	0.0	0.1
Other Long Term Assets	14.3	14.5	13.5	12.4	1.9
Other Long Term Assets, Total	14.3	14.5	13.5	12.4	1.9
Total Assets	160.9	156.9	111.8	103.9	138.2
Accounts Payable	10.3	12.3	10.4	9.3	14.7
Accrued Expenses	2.6	2.5	2.0	2.0	3.5
Notes Payable/Short Term Debt	40.7	32.9	20.0	23.0	31.9
Current Portion - Long Term Debt/Capital Leases	-	-	8.9	7.1	9.2
Customer Advances	0.0	0.0	0.0	0.0	3.2
Income Taxes Payable	0.4	1.4	0.1	-	-
Other Payables	0.0	0.0	0.0	0.1	0.1
Other Current Liabilities	0.7	0.2	0.2	0.1	0.3
Other Current liabilities, Total	1.1	1.7	0.4	0.2	3.6
Total Current Liabilities	54.7	49.4	41.7	41.6	62.8
Long Term Debt	0.1	0.1	0.1	1.6	11.7
Total Long Term Debt	0.1	0.1	0.1	1.6	11.7
Total Debt	40.8	33.0	29.0	31.7	52.7
Deferred Income Tax - LT Liability	6.7	7.1	0.8	0.5	-
Deferred Income Tax	6.7	7.1	0.8	0.5	-
Pension Benefits - Underfunded	5.3	5.7	5.2	4.6	5.5
Other Liabilities, Total	5.3	5.7	5.2	4.6	5.5
Total Liabilities	66.8	62.4	47.7	48.4	79.9
Common Stock	4.8	4.8	4.7	4.4	5.9
Common Stock	4.8	4.8	4.7	4.4	5.9
Additional Paid-In Capital	4.1	4.2	31.0	28.7	38.6
Retained Earnings (Accumulated Deficit)	58.0	57.8	28.3	22.5	13.8
Unrealized Gain (Loss)	27.3	27.7	-	-	-
Total Equity	94.1	94.5	64.0	55.6	58.3
Total Liabilities & Shareholders’ Equity	160.9	156.9	111.8	103.9	138.2
Shares Outstanding - Common Stock Primary Issue	11.0	11.0	11.0	11.0	11.0
Total Common Shares Outstanding	11.0	11.0	11.0	11.0	11.0
Treasury Shares - Common Stock Primary Issue	0.0	0.0	0.0	0.0	0.0
Employees	-	-	259	259	269
Number of Common Shareholders	-	-	-	676	855
Deferred Revenue - Current	0.0	0.0	0.0	0.1	3.5
Total Long Term Debt, Supplemental	0.1	-	1.7	8.7	20.8
Long Term Debt Maturing within 1 Year	0.0	-	1.6	7.1	9.2
Long Term Debt Maturing in Year 2	0.0	-	0.0	1.5	9.5
Long Term Debt Maturing in Year 3	0.0	-	0.0	0.0	2.0
Long Term Debt Maturing in Year 4	0.0	-	-	-	0.0
Long Term Debt Maturing in Year 5	0.0	-	-	-	-
Long Term Debt Maturing in 2-3 Years	0.0	-	0.0	1.5	11.6
Long Term Debt Maturing in 4-5 Years	0.0	-	-	-	0.0
Long Term Debt Matur. in Year 6 & Beyond	0.0	-	0.1	0.1	0.1
Total Operating Leases, Supplemental	0.4	-	0.9	0.7	0.1
Operating Lease Payments Due in Year 1	0.1	-	0.1	0.3	0.0
Operating Lease Payments Due in Year 2	0.1	-	0.2	0.1	0.0
Operating Lease Payments Due in Year 3	0.1	-	0.2	0.1	0.0
Operating Lease Payments Due in Year 4	0.1	-	0.2	0.1	0.0
Operating Lease Payments Due in Year 5	0.1	-	0.2	0.1	0.0
Operating Lease Pymts. Due in 2-3 Years	0.2	-	0.4	0.2	0.0
Operating Lease Pymts. Due in 4-5 Years	0.2	-	0.4	0.2	0.0
Oper. Lse. Pymts. Due in Year 6 & Beyond	0.0	-	0.0	0.0	0.0

Interim Balance Sheet

Standardized

Financials in: USD (mil)

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

	31-Dec-2011	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010
UpdateType/Date	Updated Normal 31-Dec-2011	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Reclassified Normal 31-Dec-2011
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate	1152	1178.05	1067.65	1096.95	1134.9
Cash & Equivalents	5.6	4.4	3.0	1.1	4.2
Short Term Investments	0.0	0.0	0.1	0.3	0.0
Cash and Short Term Investments	5.6	4.4	3.2	1.4	4.2
Accounts Receivable - Trade, Gross	29.2	28.9	31.8	31.1	26.6
Provision for Doubtful Accounts	-0.5	-0.5	-	-0.5	-0.5
Trade Accounts Receivable - Net	28.7	28.5	31.8	30.5	26.1
Other Receivables	0.1	0.1	-	0.0	0.1
Total Receivables, Net	28.8	28.6	31.8	30.5	26.2
Inventories - Finished Goods	11.0	9.8	-	10.5	8.9
Inventories - Work In Progress	4.7	5.1	-	4.6	4.3
Inventories - Raw Materials	23.1	27.9	-	19.9	18.4
Inventories - Other	0.4	0.9	-	0.3	2.9
Total Inventory	39.2	43.7	41.6	35.4	34.4
Prepaid Expenses	0.2	0.1	-	0.0	0.3
Other Current Assets	0.0	0.0	4.6	3.7	0.2
Other Current Assets, Total	0.0	0.0	4.6	3.7	0.2
Total Current Assets	73.8	76.7	81.2	71.0	65.3
Buildings	23.2	22.7	-	24.4	23.6
Land/Improvements	42.1	41.1	-	44.2	42.7
Machinery/Equipment	70.5	68.4	-	73.0	70.1
Construction in Progress	0.2	0.3	-	0.3	0.4
Other Property/Plant/Equipment	0.0	0.0	-	-	0.0
Property/Plant/Equipment - Gross	136.0	132.5	-	141.9	136.8
Accumulated Depreciation	-63.6	-61.0	-	-63.1	-59.8
Property/Plant/Equipment - Net	72.3	71.4	80.0	78.8	77.0
Intangibles, Net	0.1	0.1	0.1	0.1	0.1
LT Investments - Other	0.4	0.4	14.9	14.4	0.0
Long Term Investments	0.4	0.4	14.9	14.4	0.0
Other Long Term Assets	14.3	14.0	1.0	1.1	14.5
Other Long Term Assets, Total	14.3	14.0	1.0	1.1	14.5
Total Assets	160.9	162.7	177.2	165.3	156.9
Accounts Payable	10.3	10.3	12.0	15.6	12.3
Accrued Expenses	2.6	3.4	-	-	2.5
Notes Payable/Short Term Debt	40.7	45.0	47.0	35.0	32.9
Current Portion - Long Term Debt/Capital Leases	-	0.0	-	0.0	-
Customer Advances	0.0	0.0	-	-	0.0
Income Taxes Payable	0.4	0.1	0.7	1.1	1.4
Other Payables	0.0	0.1	-	-	0.0
Other Current Liabilities	0.7	0.2	3.2	3.2	0.2
Other Current liabilities, Total	1.1	0.4	3.9	4.3	1.7
Total Current Liabilities	54.7	59.1	62.9	55.0	49.4
Long Term Debt	0.1	0.1	0.1	0.1	0.1
Total Long Term Debt	0.1	0.1	0.1	0.1	0.1
Total Debt	40.8	45.1	47.1	35.1	33.0
Deferred Income Tax - LT Liability	6.7	6.6	7.5	7.5	7.1
Deferred Income Tax	6.7	6.6	7.5	7.5	7.1
Pension Benefits - Underfunded	4.9	5.1	5.4	5.1	5.4
Other Long Term Liabilities	0.4	0.4	0.4	0.4	0.4
Other Liabilities, Total	5.3	5.5	5.7	5.5	5.7
Total Liabilities	66.8	71.3	76.2	68.0	62.4
Common Stock	4.8	4.7	5.2	5.0	4.8
Common Stock	4.8	4.7	5.2	5.0	4.8
Additional Paid-In Capital	4.1	4.0	4.4	4.6	4.2
Retained Earnings (Accumulated Deficit)	58.0	82.7	91.4	87.7	57.8
Unrealized Gain (Loss)	27.3	-	-	-	27.7
Total Equity	94.1	91.4	101.0	97.3	94.5
Total Liabilities & Shareholders’ Equity	160.9	162.7	177.2	165.3	156.9
Shares Outstanding - Common Stock Primary Issue	11.0	11.0	11.0	11.0	11.0
Total Common Shares Outstanding	11.0	11.0	11.0	11.0	11.0
Treasury Shares - Common Stock Primary Issue	0.0	0.0	0.0	0.0	0.0
Employees	-	257	256	255	-
Deferred Revenue - Current	0.0	0.0	0.0	0.0	0.0
Total Long Term Debt, Supplemental	0.1	-	-	0.1	-
Long Term Debt Maturing within 1 Year	0.0	-	-	0.0	-
Long Term Debt Maturing in Year 2	0.0	-	-	0.0	-
Long Term Debt Maturing in Year 3	0.0	-	-	-	-
Long Term Debt Maturing in Year 4	0.0	-	-	-	-
Long Term Debt Maturing in Year 5	0.0	-	-	-	-
Long Term Debt Maturing in 2-3 Years	0.0	-	-	0.0	-
Long Term Debt Maturing in 4-5 Years	0.0	-	-	-	-
Long Term Debt Matur. in Year 6 & Beyond	0.0	-	-	0.1	-
Total Operating Leases, Supplemental	0.4	0.7	0.8	-	-
Operating Lease Payments Due in Year 1	0.1	0.3	0.3	-	-
Operating Lease Payments Due in Year 2	0.1	0.1	0.1	-	-
Operating Lease Payments Due in Year 3	0.1	0.1	0.1	-	-
Operating Lease Payments Due in Year 4	0.1	0.1	0.1	-	-
Operating Lease Payments Due in Year 5	0.1	0.1	0.1	-	-
Operating Lease Pymts. Due in 2-3 Years	0.2	0.2	0.3	-	-
Operating Lease Pymts. Due in 4-5 Years	0.2	0.2	0.3	-	-
Oper. Lse. Pymts. Due in Year 6 & Beyond	0.0	0.0	0.0	-	-

Annual Cash Flows

Standardized

Financials in: USD (mil)

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

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Reclassified Normal 31-Dec-2011	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1107.891393	1156.281981	1276.385219	1100.562842	929.183333
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Net Income/Starting Line	2.3	5.1	4.2	14.2	-6.2
Depreciation	5.0	5.3	4.4	5.6	6.9
Depreciation/Depletion	5.0	5.3	4.4	5.6	6.9
Deferred Taxes	-	-	-0.3	0.6	-
Unusual Items	0.1	-0.5	-0.2	-11.3	-0.4
Other Non-Cash Items	4.4	3.6	1.3	1.7	1.6
Non-Cash Items	4.5	3.2	1.1	-9.6	1.3
Accounts Receivable	-3.0	2.2	-1.6	-2.6	-0.4
Inventories	-8.2	-10.2	0.6	-2.5	3.1
Prepaid Expenses	-	-	0.0	0.0	-0.1
Other Assets	3.2	-2.5	-	-	-
Accounts Payable	-1.8	1.6	0.3	-1.8	3.9
Accrued Expenses	-	-	0.1	-0.9	0.7
Taxes Payable	-	-	-0.2	0.3	0.2
Other Liabilities	-2.0	-0.8	-0.8	-3.4	0.4
Other Assets & Liabilities, Net	-	-	-	0.0	-
Other Operating Cash Flow	-4.3	-1.6	-	-	-
Changes in Working Capital	-16.2	-11.3	-1.5	-11.0	7.7
Cash from Operating Activities	-4.3	2.3	8.0	-0.2	9.7
Purchase of Fixed Assets	-1.3	-1.4	-1.3	-0.7	-0.7
Capital Expenditures	-1.3	-1.4	-1.3	-0.7	-0.7
Sale of Fixed Assets	0.0	0.0	0.0	24.8	0.4
Sale/Maturity of Investment	0.0	0.1	0.0	0.2	0.5
Purchase of Investments	-0.5	-	-	-0.1	-
Other Investing Cash Flow	0.0	-0.8	0.1	-12.3	-0.5
Other Investing Cash Flow Items, Total	-0.4	-0.7	0.1	12.6	0.4
Cash from Investing Activities	-1.8	-2.1	-1.3	11.9	-0.3
Other Financing Cash Flow	0.0	-1.7	-7.0	-7.8	-9.2
Financing Cash Flow Items	0.0	-1.7	-7.0	-7.8	-9.2
Cash Dividends Paid - Common	-1.0	-1.0	-0.6	-0.2	-0.2
Total Cash Dividends Paid	-1.0	-1.0	-0.6	-0.2	-0.2
Sale/Issuance of Common	-	-	-	-	7.3
Common Stock, Net	-	-	-	-	7.3
Issuance (Retirement) of Stock, Net	-	-	-	-	7.3
Short Term Debt Issued	51.3	23.9	19.4	16.2	-
Short Term Debt Reduction	-32.4	-25.3	-23.9	-16.9	-12.3
Short Term Debt, Net	19.0	-1.4	-4.5	-0.8	-12.3
Long Term Debt Issued	-	9.9	6.7	-	4.8
Long Term Debt Reduction	-10.4	-7.4	-	-	-
Long Term Debt, Net	-10.4	2.6	6.7	-	4.8
Issuance (Retirement) of Debt, Net	8.6	1.2	2.2	-0.8	-7.4
Cash from Financing Activities	7.6	-1.4	-5.4	-8.8	-9.5
Foreign Exchange Effects	0.0	0.0	-	-	-
Net Change in Cash	1.5	-1.2	1.3	2.9	-0.2
Net Cash - Beginning Balance	4.3	5.3	3.5	1.2	1.6
Net Cash - Ending Balance	5.8	4.1	4.8	4.1	1.4
Cash Interest Paid	2.1	1.7	-	-	-
Cash Taxes Paid	2.2	0.3	-	-	-

Interim Cash Flows

Standardized

Financials in: USD (mil)

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

	31-Dec-2011	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010
Period Length	12 Months	9 Months	6 Months	3 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Reclassified Normal 31-Dec-2011
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1107.891393	1095.603455	1101.856011	1120.28956	1156.281981
Net Income/Starting Line	2.3	1.5	1.7	0.7	5.1
Depreciation	5.0	3.7	2.5	1.2	5.3
Depreciation/Depletion	5.0	3.7	2.5	1.2	5.3
Deferred Taxes	-	-	-	0.0	-
Unusual Items	0.2	0.2	0.1	0.0	-0.3
Other Non-Cash Items	4.4	2.9	1.7	0.7	3.5
Non-Cash Items	4.6	3.1	1.8	0.7	3.2
Accounts Receivable	-3.0	-3.0	-3.9	-3.6	2.2
Inventories	-8.2	-13.5	-7.7	-3.1	-10.2
Prepaid Expenses	-	-	-	0.1	-
Other Assets	3.2	2.7	-1.2	-	-2.5
Accounts Payable	-1.8	-1.7	-1.1	3.3	1.6
Accrued Expenses	-	-	-	0.0	-
Taxes Payable	-	-	-	-0.1	-
Other Liabilities	-2.0	-0.9	-0.8	-0.8	-0.8
Other Assets & Liabilities, Net	-	-	-	0.2	-
Other Operating Cash Flow	-4.4	-3.5	-2.2	-1.0	-1.7
Changes in Working Capital	-16.2	-20.0	-16.8	-4.9	-11.4
Cash from Operating Activities	-4.3	-11.6	-10.9	-2.3	2.3
Purchase of Fixed Assets	-1.3	-0.8	-0.7	-0.7	-1.4
Capital Expenditures	-1.3	-0.8	-0.7	-0.7	-1.4
Sale of Fixed Assets	0.0	0.0	0.0	0.0	0.0
Sale/Maturity of Investment	0.0	0.0	0.0	0.0	0.1
Purchase of Investments	-0.5	-0.5	-0.5	-0.4	-
Other Investing Cash Flow	0.0	-	0.0	0.3	-0.8
Other Investing Cash Flow Items, Total	-0.4	-0.4	-0.4	-0.1	-0.7
Cash from Investing Activities	-1.8	-1.3	-1.1	-0.8	-2.1
Other Financing Cash Flow	-	-	-	0.0	-
Financing Cash Flow Items	-	-	-	0.0	-
Cash Dividends Paid - Common	-1.0	-1.0	-1.0	-1.0	-1.0
Total Cash Dividends Paid	-1.0	-1.0	-1.0	-1.0	-1.0
Short Term Debt Issued	51.3	52.0	41.0	11.2	23.9
Short Term Debt Reduction	-32.4	-27.3	-18.9	-	-25.3
Short Term Debt, Net	19.0	24.8	22.1	11.2	-1.4
Long Term Debt Issued	-	-	-	-	9.9
Long Term Debt Reduction	-10.4	-10.5	-10.4	-10.3	-9.0
Long Term Debt, Net	-10.4	-10.5	-10.4	-10.3	0.9
Issuance (Retirement) of Debt, Net	8.6	14.3	11.6	1.0	-0.4
Cash from Financing Activities	7.6	13.3	10.6	-0.1	-1.4
Foreign Exchange Effects	0.0	0.0	0.0	-	0.0
Net Change in Cash	1.5	0.4	-1.4	-3.1	-1.2
Net Cash - Beginning Balance	4.3	4.3	4.3	4.2	5.3
Net Cash - Ending Balance	5.8	4.7	3.0	1.1	4.1
Cash Interest Paid	2.1	1.5	-	0.4	1.7
Cash Taxes Paid	2.2	2.2	-	0.7	0.3

Annual Income Statement

As Reported

Financials in: USD (mil)

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

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Restated Normal 31-Dec-2011	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1107.891393	1156.281981	1276.385219	1100.562842	929.183333
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Revenue	142.7	133.2	106.9	131.3	144.5
Total Revenue	142.7	133.2	106.9	131.3	144.5
Cost of Revenue	130.5	119.4	93.8	119.2	140.6
Salaries & Wages	1.9	1.8	1.5	1.6	2.1
Retirement & Severance Benefits	0.2	0.2	0.2	0.2	0.1
Group Retire. Allow	0.3	0.3	0.2	0.2	0.3
Commissions Paid	0.7	0.7	0.4	0.2	0.3
Travel Expense	0.1	0.1	0.1	0.1	0.1
Utility Expense	0.2	0.2	0.1	0.2	0.2
Taxes and Dues	0.0	0.0	0.0	0.0	0.0
Communication Exp.	0.1	0.1	0.0	0.1	0.1
Rent	0.0	0.0	0.0	0.0	0.0
Insurance Expense	0.0	0.0	0.0	0.0	0.0
Entertainment Expense	0.2	0.2	0.1	0.1	0.1
Expenses for Samples	0.1	0.0	0.0	0.0	0.1
Shipping & Handling Expense	0.8	0.8	0.7	0.8	0.9
Consumable Expense	0.0	0.0	0.0	0.0	0.0
Repair Expense	0.0	0.0	0.0	0.0	0.0
Publishing Expenses	0.0	0.0	0.0	0.0	0.0
Transportation Equip	0.2	0.2	0.1	0.2	0.2
Education & Training Expense	0.0	0.0	0.0	0.0	0.0
Adjustment for Selling and Administrativ	0.0	0.0	-	-	-
Advertising Expense	0.0	0.0	0.0	0.0	0.0
Development Costs	0.1	0.0	0.0	0.0	0.0
Depreciation Expense	0.0	0.0	0.0	0.0	0.0
Other Exporting Related Expense	1.4	1.7	1.6	2.1	2.7
Amort. of Bad Debts	-	-	0.3	0.2	0.1
Miscellaneous Operating Expense	0.0	0.0	0.0	0.0	0.0
Gain on Foreign Currency Transactions	0.1	0.1	-	-	-
Loss on Foreign Currency Translation	0.0	0.0	-	-	-
Gain on Disposal of Property, Plant and	0.0	0.0	-	-	-
Reversal of Allowance for Doubtful Accou	0.0	-0.2	-	-	-
Miscellaneous Income	0.1	0.0	-	-	-
Other Operating Expense	0.0	0.1	-	-	-
Adjustment for Other Operating Expense	-	-	-	-	-
Total Operating Expense	137.2	125.7	99.4	125.4	148.1
Interest Income	0.4	0.4	0.1	0.2	0.3
Gain Disposal Assets	-	-	0.0	11.3	0.4
Gain-Foreign Exchange Transaction	-	-	1.5	3.0	0.5
Gain-Foreign Currency Translation	-	-	0.1	0.4	0.0
Gain-Currency Forwards Transactions	0.2	0.3	0.4	0.1	-
Gain on Valuation of Currency Forward	0.0	0.2	0.2	-	0.0
Reversal of Allowance for Doubtful Accou	-	-	0.0	-	-
Miscellaneous Income	-	-	0.4	0.5	0.8
Adjustment for Finance Income	0.0	0.0	-	-	-
Adjustment for Finance Expense	0.0	0.0	-	-	-
Interest on Borrowings	-2.2	-1.6	-1.7	-3.1	-3.5
Loss on Disposal of Financial Instrument	0.0	0.0	0.0	0.0	-
Loss-Currency Forwards Transaction	-0.2	-0.1	-	-0.3	-
Bad Debt Expense	-	-	-	0.0	0.0
Loss Disp Tang. Ast	-	-	-	0.0	0.0
Loss on Valuation of Currency Forward	-0.6	-	0.0	-	-
Loss-Foreign Exchange Transaction	-	-	-1.8	-2.0	-0.5
Loss-Foreign Currency Translation	-	-	-0.1	-0.6	0.0
Miscellaneous Exp.	-	-	-1.1	-0.7	-0.5
Donations Paid	-	-	0.0	0.0	0.0
Net Income Before Taxes	3.1	6.7	5.5	14.9	-6.2
Provision for Income Taxes	0.8	1.5	1.3	0.6	0.0
Net Income After Taxes	2.3	5.1	4.2	14.2	-6.2
Net Income Before Extra. Items	2.3	5.1	4.2	14.2	-6.2
Net Income	2.3	5.1	4.2	14.2	-6.2
Income Available to Com Excl ExtraOrd	2.3	5.1	4.2	14.2	-6.2
Income Available to Com Incl ExtraOrd	2.3	5.1	4.2	14.2	-6.2
Basic Weighted Average Shares	11.0	11.0	11.0	11.0	10.0
Basic EPS Excluding ExtraOrdinary Items	0.21	0.47	0.39	1.29	-0.63
Basic EPS Including ExtraOrdinary Item	0.21	0.47	0.39	1.29	-0.63
Dilution Adjustment	0.0	0.0	-	-	0.0
Diluted Net Income	2.3	5.1	4.2	14.2	-6.2
Diluted Weighted Average Shares	11.0	11.0	11.0	11.0	10.0
Diluted EPS Excluding ExtraOrd Items	0.21	0.47	0.39	1.29	-0.63
Diluted EPS Including ExtraOrd Items	0.21	0.47	0.39	1.29	-0.63
DPS-Common Stock	0.09	0.09	0.08	0.07	0.03
Gross Dividends - Common Stock	1.0	1.0	0.9	0.7	0.3
Normalized Income Before Taxes	3.1	6.7	5.5	3.5	-6.6
Inc Tax Ex Impact of Sp Items	0.8	1.5	1.3	0.1	0.0
Normalized Income After Taxes	2.3	5.1	4.2	3.4	-6.6
Normalized Inc. Avail to Com.	2.3	5.1	4.2	3.4	-6.6
Basic Normalized EPS	0.21	0.47	0.38	0.31	-0.66
Diluted Normalized EPS	0.21	0.47	0.38	0.31	-0.66
Interest Expense, Supplemental	2.2	1.6	1.7	3.1	3.5
Rental Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
Advertising Expense, Supplemental	0.0	0.0	0.0	0.0	0.0
R&D Expense, Supplemental	0.1	0.0	0.0	0.0	0.0
Depreciation, Supplemental	5.0	5.3	4.4	5.6	6.9

Interim Income Statement

As Reported

Financials in: USD (mil)

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

	31-Dec-2011	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010
Period Length	3 Months	3 Months	3 Months	3 Months	3 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Restated Normal 31-Dec-2011
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1145.271505	1082.999462	1083.436022	1120.28956	1132.465591
Revenue	35.2	36.3	37.6	33.6	34.0
Total Revenue	35.2	36.3	37.6	33.6	34.0
Cost-Revenue	32.3	33.5	34.1	30.8	31.3
Miscellaneous Operating Expense	-0.5	-	-	0.5	-0.4
Selling and Administrative Expenses	1.3	2.1	1.6	1.6	1.5
Other Income	-	-	-	-	0.6
Other Operating Income	1.8	-1.4	-0.2	-0.3	1.1
Other Operating Expenses	-1.0	0.6	0.5	-	-1.1
Total Operating Expense	33.9	34.9	36.0	32.6	33.0
Interest Expense, Non-Operating	0.5	-	-0.5	-	-
Finance Income	0.1	0.1	0.2	0.3	0.2
Finance Costs	-0.8	-1.8	-	-0.4	-0.4
Net Income Before Taxes	1.2	-0.2	1.2	0.9	0.9
Provision for Income Taxes	0.4	-0.1	0.2	0.2	0.1
Net Income After Taxes	0.8	-0.2	1.0	0.7	0.8
Net Income Before Extra. Items	0.8	-0.2	1.0	0.7	0.8
Net Income	0.8	-0.2	1.0	0.7	0.8
Income Available to Com Excl ExtraOrd	0.8	-0.2	1.0	0.7	0.8
Income Available to Com Incl ExtraOrd	0.8	-0.2	1.0	0.7	0.8
Basic Weighted Average Shares	11.0	11.0	11.0	11.0	11.0
Basic EPS Excluding ExtraOrdinary Items	0.07	-0.02	0.09	0.07	0.08
Basic EPS Including ExtraOrdinary Item	0.07	-0.02	0.09	0.07	0.08
Dilution Adjustment	0.0	0.0	0.0	0.0	0.0
Diluted Net Income	0.8	-0.2	1.0	0.7	0.8
Diluted Weighted Average Shares	11.0	11.0	11.0	11.0	11.0
Diluted EPS Excluding ExtraOrd Items	0.07	-0.02	0.09	0.07	0.08
Diluted EPS Including ExtraOrd Items	0.07	-0.02	0.09	0.07	0.08
DPS-Common Stock	0.09	0.00	0.00	0.00	0.09
Gross Dividends - Common Stock	1.0	0.0	0.0	0.0	1.0
Normalized Income Before Taxes	1.2	-0.2	1.2	0.9	0.9
Inc Tax Ex Impact of Sp Items	0.4	-0.1	0.2	0.2	0.1
Normalized Income After Taxes	0.8	-0.2	1.0	0.7	0.8
Normalized Inc. Avail to Com.	0.8	-0.2	1.0	0.7	0.8
Basic Normalized EPS	0.07	-0.02	0.09	0.07	0.08
Diluted Normalized EPS	0.07	-0.02	0.09	0.07	0.08
Interest Expense, Supplemental	0.5	0.7	0.5	0.4	0.4
Rental Expense, Supplemental	-0.3	0.1	0.1	0.1	-0.2
Advertising Expense, Supplemental	0.0	-	0.0	0.0	0.0
R&D Expense, Supplemental	0.0	0.0	0.1	0.0	0.0
Depreciation, Supplemental	1.2	1.3	1.3	1.2	1.4

Annual Balance Sheet

As Reported

Financials in: USD (mil)

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

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
UpdateType/Date	Updated Normal 31-Dec-2011	Restated Normal 31-Dec-2011	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate	1152	1134.9	1164.475	1259.55	936.05
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Cash & Deposits	5.6	4.2	5.3	3.6	1.4
Currency Futures, Current Assets	0.0	0.2	0.2	-	0.0
ST Investment Assets	0.0	0.0	0.1	0.0	0.1
ST Loan, Net	-	-	0.0	0.1	0.4
Trade Rcvb Gross	29.2	26.6	24.7	21.3	26.2
Allowance for Doubtful Accounts	-0.5	-0.5	-0.9	-0.7	-0.9
Adjustment for Trade Receivables	0.0	-	-	-	-
Account Receivables	0.1	0.1	0.1	0.2	0.3
Allowance for Doubtful Accounts for Othe	-	-	0.0	-	-
Adjustment for Other Current Assets	0.0	0.0	-	-	-
Advance Payments	0.1	2.6	0.0	0.0	0.0
Prepaid Expenses	0.2	0.3	0.3	0.3	0.3
Receivable-Recovery of Taxes	-	-	-	0.0	0.0
Finished Goods	11.0	8.9	10.0	8.8	10.1
Allowance for Loss on Valuation of Finis	-	-	-0.6	-	-
Works in Process	4.7	4.3	4.2	3.1	5.1
Allowance for Loss on Valuation of Works	-	-	-0.1	-	-
Raw Materials	23.1	18.4	6.9	7.6	8.0
Stored goods	0.3	0.3	0.2	0.3	0.5
Adjustment for Inventories	0.0	-	-	-	-
Deferred Income Taxes Assets Current	-	-	0.5	-	-
Total Current Assets	73.8	65.3	51.0	44.6	51.4
LT Loan	-	-	-	0.0	0.1
LT Deposits	0.0	0.0	0.0	0.0	0.1
Investment Securities	0.4	0.0	0.0	0.1	0.1
Adjustment for Non-Current Financial Ins	0.0	0.0	-	-	-
Non-Current Prepaid Lease Expenses	0.8	1.2	-	-	-
Guarantee Deposits, Non-Current Assets	13.5	13.4	13.5	12.4	1.9
Lands	42.1	42.7	10.5	9.7	26.2
Buildings	23.2	23.6	22.5	20.7	32.4
Buildings-Depreciation	-4.4	-3.9	-3.3	-2.5	-4.6
Structures	0.0	0.0	0.0	0.0	0.4
Structures-Depreciation	0.0	0.0	0.0	0.0	-0.3
Machineries & Equipments	60.6	60.5	58.6	53.6	71.9
Machineries & Equipments-Depreciation	-50.5	-47.3	-42.3	-35.6	-43.0
Government Subsidy for Machinery	0.0	0.0	0.0	-	-
Vehicles	0.7	0.6	0.6	0.6	0.7
Vehicles-Depreciation	-0.6	-0.6	-0.6	-0.5	-0.7
Tools & Equipments	9.2	8.9	8.4	7.3	10.4
Tools & Equipments-Depreciation	-8.1	-8.1	-7.6	-6.6	-9.0
Adjustment for Property, Plant & Equipme	0.0	0.0	-	-	-
Construction in Progress	0.2	0.4	0.4	0.2	-
Intangibles, Net	0.1	0.1	-	-	-
Total Assets	160.9	156.9	111.8	103.9	138.2
Trade Acct. Pay.	10.3	12.3	10.4	9.3	14.7
Accounts Payable	0.0	0.0	0.0	0.1	0.1
Value Added Taxes Withholdings	0.2	0.3	0.2	0.5	0.3
Income Taxes Payable	0.4	1.4	0.1	-	-
Bonds, Current Liabilities	-	-	7.3	-	-
Accrued Expenses	2.4	2.2	1.8	1.6	3.1
Advance from Customers, Current Liabilit	0.0	0.0	0.0	0.0	3.2
Deposit Withheld	0.2	0.2	0.2	0.1	0.3
Financial Liabilities at Fair Value Thro	0.6	-	-	-	-
Adjustment for Other Current Financial L	0.0	0.0	-	-	-
Adjustment for Other Current Liabilities	0.0	0.0	-	-	-
Current Borrowings & Bonds	40.7	32.9	20.0	23.0	31.9
Currency Futures, Current	-	-	0.0	-	-
Current Port LTD	-	-	1.6	7.1	9.2
Total Current Liabilities	54.7	49.4	41.7	41.6	62.8
LT Borrowings	0.1	0.1	0.1	1.6	11.7
Total Long Term Debt	0.1	0.1	0.1	1.6	11.7
Deferred Income Taxes, Non-Current Liabi	6.7	7.1	0.8	0.5	-
Retirement & Severance Benefits, Non-Cur	4.9	5.4	7.4	4.6	5.5
Deposits for Retirement and Severance Be	-	-	-2.0	-	-
Transfer to National Pension Fund	-	-	-0.2	-	-
Other Non-Current Employee Benefits Lia	0.4	0.4	-	-	-
Total Liabilities	66.8	62.4	47.7	48.4	79.9
Common Stock	4.8	4.8	4.7	4.4	5.9
Paid-in Capital in Excess of Par	4.1	4.2	4.1	3.8	5.1
Other Capital	-	-	0.2	0.2	0.3
Asset Revalued	-	-	26.7	24.7	33.3
Voluntary Reserve	1.8	1.7	21.7	8.4	17.7
Legal Reserve	-	-	1.6	1.4	1.8
Retained Carried	-	-	5.0	12.7	-5.7
Reserve for Business Stabilizations	0.9	0.9	-	-	-
Other Voluntary Reserves	28.4	25.0	-	-	-
Reserve for Assets Revaluation	27.3	27.7	-	-	-
Retained Earnings Carried Forward	26.9	30.2	-	-	-
Adjustment for Retained Earnings or Accu	0.0	0.0	-	-	-
Total Equity	94.1	94.5	64.0	55.6	58.3
Total Liabilities & Shareholders' Equity	160.9	156.9	111.8	103.9	138.2
S/O-Common Stock	11.0	11.0	11.0	11.0	11.0
Total Common Shares Outstanding	11.0	11.0	11.0	11.0	11.0
T/S-Common Stock	0.0	0.0	0.0	0.0	0.0
Deferred Revenue, Current	0.0	0.0	0.0	0.1	3.5
Full-Time Employees	-	-	259	259	269
Number of Common Shareholders	-	-	-	676	855
Long Term Debt Due in Year 1	0.0	-	1.6	7.1	9.2
Long Term Debt Due in Year 2	0.0	-	0.0	1.5	9.5
Long Term Debt Due in Year 3	-	-	0.0	0.0	2.0
Long Term Debt Due in Year 4	-	-	-	-	0.0
Long Term Debt Maturing in Year 5	0.0	-	-	-	-
LT Debt Remaining	0.0	-	0.1	0.1	0.1
Total Long Term Debt, Supplemental	0.1	-	1.7	8.7	20.8
Operating Lease Due in Year 1	0.1	-	0.1	0.3	0.0
Operating Lease Due in Year 5	0.3	-	0.8	0.5	0.0
Total Operating Leases	0.4	-	0.9	0.7	0.1

Interim Balance Sheet

As Reported

Financials in: USD (mil)

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

	31-Dec-2011	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010
UpdateType/Date	Updated Normal 31-Dec-2011	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Reclassified Normal 31-Dec-2011
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate	1152	1178.05	1067.65	1096.95	1134.9
Cash & Equivalents	5.6	4.4	3.0	1.1	4.2
Current Available-for-Sale Financial Ass	-	-	0.0	-	-
ST Investment Assets	0.0	0.0	-	-	0.0
Other Current Financial Assets	-	-	0.1	0.3	-
Trade Receivable	29.2	28.9	31.8	31.1	26.6
Reserve-Doubtful Account	-0.5	-0.5	-	-0.5	-0.5
Other Current Non-Financial Assets	-	-	4.6	3.7	-
Currency Futures, Current Assets	0.0	-	-	-	0.2
Adjustment for Other Current Assets	0.0	0.0	-	-	0.0
Other Receivables	0.1	0.1	-	-	0.1
Prepaid Expense	0.2	0.1	-	-	0.3
Advanced Payment	0.1	0.6	-	-	2.6
Prepaid Taxes	-	-	-	0.0	-
Finished Goods	11.0	9.8	-	10.5	8.9
Raw Materials	23.1	27.9	-	19.9	18.4
Works in Process	4.7	5.1	-	4.6	4.3
Supplies	0.3	0.3	-	0.3	0.3
Adjsutment for Trade and Other Receivabl	0.0	-	-	0.0	-
Adjustment for Inventory	0.0	0.0	-	0.0	-
Inventories	-	-	41.6	-	-
Total Current Assets	73.8	76.7	81.2	71.0	65.3
LT Financial Assets	0.0	0.0	-	-	0.0
Other Non-Current Financial Assets	-	-	14.4	14.4	-
LT Available-for-Sale Financial Assets	0.4	0.4	0.5	-	0.0
Adjustment for Other Financial Assets	0.0	0.0	-	-	0.0
Deposits Provided	13.5	13.1	-	-	13.4
Non-Current Prepaid Lease Expenses	0.8	0.8	-	-	1.2
Other Non-current Assets	-	-	1.0	1.1	-
Land	42.1	41.1	-	44.2	42.7
Buildings	23.2	22.7	-	24.4	23.6
Buildings-Depreciation	-4.4	-4.2	-	-4.2	-3.9
Structures	0.0	0.0	-	0.0	0.0
Structures-Depreciation	0.0	0.0	-	0.0	0.0
Fixtures	9.2	8.8	-	9.4	8.9
Accumulated Depreciation for Tools & Fix	-8.1	-7.9	-	-8.4	-8.1
Machinery & Equipment	60.6	59.0	-	63.0	60.5
Machinery & Equipment-Depreciation	-50.5	-48.4	-	-49.9	-47.3
Government Subsidy for Machinery	0.0	0.0	-	-	0.0
Vehicles & Transportation Equipment	0.7	0.6	-	0.7	0.6
Vehicles & Transportation-Depreciation	-0.6	-0.6	-	-0.6	-0.6
Construction in Progress	0.2	0.3	-	0.3	0.4
Property, Plant and Equipment	-	-	80.0	-	-
Membership Right, Long-term Assets	0.1	0.1	0.1	0.1	0.1
Adjustment for Tangible Assets	0.0	0.0	-	-	0.0
Total Assets	160.9	162.7	177.2	165.3	156.9
Trade Payable	10.3	10.3	12.0	15.6	12.3
Account Payable	0.0	0.1	-	-	0.0
Income Taxes Payable	0.4	0.1	0.7	1.1	1.4
Accrued Expense	2.4	2.2	-	-	2.2
Accrued Currency Futures	-	1.0	-	-	-
VAT Withheld	0.2	0.2	-	-	0.3
Advances Received	0.0	0.0	-	-	0.0
Deposit Withheld	0.2	0.2	-	-	0.2
ST Borrowings	-	45.0	-	35.0	-
ST Borrowing&Current Portion of Bonds	40.7	-	47.0	-	32.9
Adjustment for Short-term Borrowings and	-	-	-	-	-
Current Portion of LT Debt	-	0.0	-	0.0	-
Adjustment for Other Financial Liabiliti	0.0	0.0	-	-	0.0
Other Current Financial Liabilities	-	-	2.4	2.8	-
Adjustment for Other Current Liabilities	0.0	0.0	-	-	0.0
Financial Liabilities at Fair Value Thro	0.6	-	-	-	-
Other Current Non-Financial Liabilities	-	-	0.7	0.3	-
Total Current Liabilities	54.7	59.1	62.9	55.0	49.4
LT Borrowings	0.1	0.1	0.1	0.1	0.1
Total Long Term Debt	0.1	0.1	0.1	0.1	0.1
Deferred Income Tax, Credit	6.7	6.6	7.5	7.5	7.1
Provisions for Retirement and Severance	4.9	5.1	5.4	5.1	5.4
Other LT Non-Financial Liabilities	0.4	0.4	0.4	0.4	0.4
Total Liabilities	66.8	71.3	76.2	68.0	62.4
Common Stock	4.8	4.7	5.2	5.0	4.8
Paid-in Capital in Excess of Par	4.1	4.0	4.4	-	4.2
Capital Surplus, Total	-	-	-	4.6	-
Reserves	-	-	-	32.6	-
Voluntary Reserve	1.8	-	-	-	1.7
Retained Earnings, Total	-	82.7	91.4	55.1	-
Reserve for Business Stabilizations	0.9	-	-	-	0.9
Other Voluntary Reserves	28.4	-	-	-	25.0
Reserve for Assets Revaluation	27.3	-	-	-	27.7
Retained Earnings Carried Forward	26.9	-	-	-	30.2
Adjustment for Retained Earnings or Accu	0.0	-	-	-	0.0
Total Equity	94.1	91.4	101.0	97.3	94.5
Total Liabilities & Shareholders' Equity	160.9	162.7	177.2	165.3	156.9
S/O-Common Stock	11.0	11.0	11.0	11.0	11.0
Total Common Shares Outstanding	11.0	11.0	11.0	11.0	11.0
T/S-Common Stock	0.0	0.0	0.0	0.0	0.0
Deferred Revenue, Current	0.0	0.0	0.0	0.0	0.0
Full-Time Employees	-	257	256	255	-
Long Term Debt Maturing within 1 Year	0.0	-	-	0.0	-
Long Term Debt Maturing in Year 2	0.0	-	-	0.0	-
Long Term Debt Maturing in Year 5	0.0	-	-	-	-
Long Term Debt Remaining Maturities	0.0	-	-	0.1	-
Total Long Term Debt, Supplemental	0.1	-	-	0.1	-
Operating Lease Due in Year 1	0.1	0.3	0.3	-	-
Operating Lease Due in Year 5	0.3	0.4	0.5	-	-
Total Operating Leases	0.4	0.7	0.8	-	-

Annual Cash Flows

As Reported

Financials in: USD (mil)

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

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Reclassified Normal 31-Dec-2011	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1107.891393	1156.281981	1276.385219	1100.562842	929.183333
Auditor	Deloitte & Touche LLP	Deloitte & Touche LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified	Unqualified	Unqualified	Unqualified	Unqualified
Net Income	2.3	5.1	4.2	14.2	-6.2
Depreciation	5.0	5.3	4.4	5.6	6.9
Other Provisions-Doubtful Account	-	-	-	0.0	0.0
Amort-Bad Debt Expenses	-	-	0.3	0.2	0.1
Payment for Retirement Allowance, ONCI	1.3	1.1	1.0	1.2	1.6
Interest Expenses	2.2	1.6	-	-	-
Corporate Taxes Expense	0.8	1.5	-	-	-
Translation Loss	0.1	0.1	0.1	0.6	0.0
Recovery of Provision in Loss on Valuati	-	-0.3	-	-	-
Loss-Disposal of Marketable Securities	-	-	0.0	0.0	-
Gain-Valuation of Currency Futures	0.0	-0.2	-0.2	-	0.0
Loss-Valuation of Currency Futures	-	-	0.0	-	-
Recovery of Allowance for Doubtful Accou	0.0	-0.2	0.0	-	-
Loss on Disposal of Property, Plant and	0.0	0.0	-	0.0	0.0
Loss on Valuation of Currency Forwards	0.6	-	-	-	-
Losses on Valuation of Inventories	0.2	-	-	-	-
Gain on Disposal of Property, Plant and	0.0	0.0	0.0	-11.3	-0.4
Recovery-Inventory Valuation Loss	-	-	-	-	-0.1
Interest Income	-0.4	-0.4	-	-	-
Translation Gain	-0.1	-0.1	-0.1	-0.4	0.0
Inventory	-8.2	-10.2	0.6	-2.5	3.1
Trade Receivables	-3.0	2.2	-1.7	-2.6	-0.4
Account Receivables	0.0	0.0	0.1	0.0	0.0
Advanced Payment	-	-	0.0	0.0	0.0
Prepaid Expenses	-	-	0.0	0.0	-0.1
Corporate Tax Refundable	-	-	0.0	0.0	0.0
Decrease or Increase in Deferred Income	-	-	-0.5	-	-
Trade Payables	-1.8	1.6	0.3	-1.9	4.1
Account Payable	-	-	0.0	0.0	-0.2
Accrued Expenses	-	-	0.1	-0.9	0.7
Currency Forwards, A/L	-	-	-	0.0	-
Increase or Decrease in Income Taxes Pay	-	-	0.1	-	-
Advances Received	-	-	0.0	-2.7	3.2
Deposits Withheld	-	-	0.0	-0.1	0.1
Financial Liabilities at Fair Value Thro	-	0.2	-	-	-
Financial Assets at Fair Value Through P	0.2	0.0	-	-	-
Other Assets	3.0	-2.5	-	-	-
Deferred Income Tax Credit, A/L	-	-	0.2	0.6	-
Output Taxes Withheld	-	-	-0.3	0.3	0.2
Increase or Decrease in National Pension	-	-	0.0	0.0	0.1
Payment for Retirement Allowance	-1.5	-1.1	-0.9	-0.6	-4.1
Retirement Insurance Deposits	-	-	0.1	0.0	1.1
Plan Assets in Fair Value	-0.2	-0.1	-	-	-
Other Financial Liabilities	0.2	0.4	-	-	-
Other Liabilities	-0.2	0.1	-	-	-
Plan Assets	-0.3	-0.3	-	-	-
Cash-Interest Received	0.0	0.4	-	-	-
Cash-Interest Paid	-2.1	-1.7	-	-	-
Cash Tax Paid	-2.2	-0.3	-	-	-
Other Non-Cash Items	0.0	0.0	-	-	-
Cash from Operating Activities	-4.3	2.3	8.0	-0.2	9.7
Disposal of Securities Available-for-Sal	0.0	0.1	-	-	-
Decrease-LT Financial Assets	-	0.0	-	0.1	-
Decrease-ST Loans	-	0.0	0.0	0.4	-
Decrease-LT Loans	-	-	-	0.1	-
Decrease in Current Guarantee Deposit	0.0	-0.8	-	0.0	0.0
Dec-ST Investment Assets	-	-	0.0	0.1	0.5
Decrease-Investment Securities	-	-	-	0.0	-
Disposal-Land	-	-	-	21.2	-
Disposal-Buildings	-	-	-	3.4	-
Disposal-Structure	-	-	-	0.1	-
Disposal of Property, Plant and Equipmen	0.0	0.0	-	-	-
Disposal Mach./Equip	-	-	0.0	0.0	0.4
Disposal Trans Equip	-	-	0.0	0.0	0.0
Increase-ST Loans	-	-	-	-0.1	-0.4
Increase-LT Loans	-	-	-	0.0	-0.1
Increase-Guarantee Deposit	-	-	0.0	-12.7	-
Increase-Government Subsidy	-	-	0.0	-	-
Increase-ST Investment Assets	-	-	-	-0.1	-
Increase-Investment Securities	-	-	-	0.0	-
Purchase of Securities Available-for-Sal	-0.5	-	-	-	-
Purchase of Property, Plant and Equipmen	-1.3	-1.4	-	-	-
Purchase of Buildings	-	-	-0.2	-	-
Purchase of Machinery	-	-	-0.3	-0.2	-0.6
Purchase of Vehicles	-	-	0.0	-0.1	0.0
Purchase of Office Equipment	-	-	-0.4	-0.2	0.0
Purchase of Construction in Progress	-	-	-0.4	-0.2	-
Cash from Investing Activities	-1.8	-2.1	-1.3	11.9	-0.3
Increase in Current Borrowings	51.3	23.9	19.4	16.2	-
Increase-LT Borrowings	-	-	-	-	4.8
Proceeds from Issuance of Bonds	-	9.9	6.7	-	-
Capital Increase	-	-	-	-	7.3
Dec-Current Portion of LT Borrowings	0.0	-1.7	-7.0	-7.8	-9.2
Decrease in Current Borrowings	-32.4	-25.3	-23.9	-16.9	-12.3
Repayments of Bonds	-10.4	-7.4	-	-	-
Dividends Paid	-1.0	-1.0	-0.6	-0.2	-0.2
Cash from Financing Activities	7.6	-1.4	-5.4	-8.8	-9.5
Foreign Exchange Effects	0.0	0.0	-	-	-
Net Change in Cash	1.5	-1.2	1.3	2.9	-0.2
Net Cash - Beginning Balance	4.3	5.3	3.5	1.2	1.6
Net Cash - Ending Balance	5.8	4.1	4.8	4.1	1.4
Cash Interest Paid	2.1	1.7	-	-	-
Cash Taxes Paid	2.2	0.3	-	-	-

Interim Cash Flows

As Reported

Financials in: USD (mil)

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

	31-Dec-2011	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010
Period Length	12 Months	9 Months	6 Months	3 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Reclassified Normal 31-Dec-2011
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1107.891393	1095.603455	1101.856011	1120.28956	1156.281981
Net Income	2.3	1.5	1.7	0.7	5.1
Depreciation	5.0	3.7	2.5	1.2	5.3
Reversal of Allowance for Doubtful Accou	-	-	0.0	-	-
Payment for Retirement Allowance, ONCI	1.3	1.0	0.7	0.3	1.1
Interest Expenses	2.2	1.6	0.9	0.4	1.6
Accrued Expense	-	-	-	0.0	-
Corporate Taxes	0.8	0.4	0.4	0.2	1.5
Amortization-Present Value Discount	-	-0.3	-0.2	-	-
Recovery-Doubtful Credit Reserve	0.0	0.0	-	-	-0.2
Gain-Foreign Currency Translation	-0.1	-0.7	-0.1	-0.1	-0.1
Gain-Valuation of Currency Futures	0.0	-	-	-0.1	-0.2
Loss-Foreign Currency Translation	0.1	0.2	0.1	0.2	0.1
Decrease-Guarantee Deposit	-	-	-	-0.1	-
Loss-Valuation of Currency Futures	0.6	1.1	-	-	-
Recovery of Provision in Loss on Valuati	-	-	-	-	-0.3
Loss-Disposal of Tangible Assets	0.0	0.0	0.0	-	0.0
Losses on Disposition of Investment Asse	-	-	-	0.0	-
Losses on Valuation of Inventories	0.2	0.2	0.1	-	-
Gain-Disposal of Tangible Assets	0.0	0.0	0.0	0.0	0.0
Trade Receivables	-3.0	-3.0	-3.9	-3.5	2.2
Account Receivable	-	-	-	0.0	-
Other Financial Assets	0.0	0.0	0.0	-	0.0
Other Assets	3.0	2.5	-1.4	-	-2.5
Financial Assets at Fair Value Through P	0.2	0.2	0.2	-	0.0
Prepaid Expense	-	-	-	0.0	-
Increase LT Prepaid Lease	-	-	-	0.1	-
Advanced Payment	-	-	-	-0.7	-
Inventories	-8.2	-13.5	-7.7	-2.4	-10.2
Deferred Income Tax Debit, Current	-	-	-	0.0	-
Trade Payable	-1.8	-1.7	-1.1	2.8	1.6
Account Payable	-	-	-	0.5	-
Increase-Provisions for LT Employee Sala	-	-	-	0.0	-
Advance Received	-	-	-	0.0	-
Deposit Withheld	-	-	-	-0.1	-
Accrued Renenue	-	-	-	-0.1	-
Currency Forwards, A/L	-	-	-	0.2	-
Financial Liabilities at Fair Value Thro	-	-	-	-	0.2
Other Financial Liabilities	0.2	0.1	0.0	-	0.4
Other Liabilities	-0.2	0.0	0.2	-	0.1
Payment-Retirement Bonus	-	-	-	-0.7	-
Retirement and Severance Benefits Liabil	-1.5	-1.0	-1.0	-	-1.1
Interest Income	-0.4	-0.3	-0.2	-0.1	-0.4
Cash-Interest Received	0.0	0.3	0.2	0.1	0.4
Cash-Interest Paid	-2.1	-1.5	-0.9	-0.4	-1.7
Cash-Tax Paid	-2.2	-2.2	-1.5	-0.7	-0.3
Others	0.0	0.0	0.0	-	0.0
Plan Assets in Fair Value	-0.2	-	-	-	-0.1
Plan Assets	-0.3	-	-	-	-0.3
Cash from Operating Activities	-4.3	-11.6	-10.9	-2.3	2.3
Decrease-ST Loans	-	-	-	0.3	0.0
Decrease in Current Guarantee Deposit	0.0	-	0.0	-	-0.8
Disposal of Other Financial Assets	-	0.0	-	-	0.0
Proceeds from Sale of Available for sale	-	-	0.0	-	-
Disposal-ST Investment Assets	0.0	0.0	-	0.0	0.1
Disposal-Machinery & Equipments	-	-	-	0.0	-
Proceeds from Sale of Property Plant and	0.0	0.0	0.0	-	0.0
Purchase of Available for sale Securitie	-0.5	-0.5	-0.5	0.0	-
Purchase of LTAvailable for sale Securit	-	-	-	-0.4	-
Purchase of Office Equipment	-	-	-	-0.1	-
Increase-Machinery & Equipment	-	-	-	-0.2	-
Purchase of Vehicles	-	-	-	0.0	-
Increase-Construction Progress	-	-	-	-0.4	-
Purchase of Property, Plant and Equipmen	-1.3	-0.8	-0.7	-	-1.4
Cash from Investing Activities	-1.8	-1.3	-1.1	-0.8	-2.1
Increase in Current Borrowings	51.3	52.0	41.0	11.2	23.9
Increase-Bond	-	-	-	-	9.9
Decrease in Current Borrowings	-32.4	-27.3	-18.9	-	-25.3
Repayments of Bonds	-10.4	-10.5	-10.4	-10.3	-7.4
Dec-Current Portion of LT Liabilities	0.0	0.0	0.0	0.0	-1.7
Bonuses	-	-	-	0.0	-
Dividends Paid	-1.0	-1.0	-1.0	-1.0	-1.0
Cash from Financing Activities	7.6	13.3	10.6	-0.1	-1.4
Foreign Exchange Effects	0.0	0.0	0.0	-	0.0
Net Change in Cash	1.5	0.4	-1.4	-3.1	-1.2
Net Cash Beginning Balance	4.3	4.3	4.3	4.2	5.3
Net Cash Ending Balance	5.8	4.7	3.0	1.1	4.1
Cash Interest Paid	2.1	1.5	-	0.4	1.7
Cash Taxes Paid	2.2	2.2	-	0.7	0.3

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.91
UK Pound	1	Rs.80.77
Euro	1	Rs.67.40

RATING EXPLANATIONS

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

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

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

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

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

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