MIRA INFORM REPORT

 

 

Report Date :

20.11.2012

 

IDENTIFICATION DETAILS

 

Name :

DAELIM INDUSTRIAL CO., LTD.

 

 

Registered Office :

146-12, Susong-dong, Jongno-gu, Seoul, Korea, Daelim Bldg., Zip Code 110-732

 

 

Country :

South Korea

 

 

Financials (as on) :

30.06.2012

 

 

Date of Incorporation :

28.08.1947

 

 

Com. Reg. No.:

116-81-35007

 

 

Legal Form :

Listed Company

 

 

Line of Business :

Construction of Industrial Plants

 

 

No. of Employees :

5,109 employees

 

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 :

Regular

Litigation :

Exists

 

NOTES:

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

 

ECGC Country Risk Classification List – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

South Korea

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

South Korea - ECONOMIC OVERVIEW

 

South Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies, and currently is among the world's 20 largest economies. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea''s development model including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. With the global economic downturn in late 2008, South Korean GDP growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to recover, in large part due to export growth, low interest rates, and an expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade Agreement was ratified by both governments and is projected to go into effect in early 2012. The South Korean economy''s long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports - which comprise half of GDP.

 

Source : CIA

 

 

 

 

Basic

 

Company Name

DAELIM INDUSTRIAL CO., LTD.

(Trade Name : DIC)

(Korean Company Name : “대림산업(주)”)

Registered Address

146-12, Susong-dong, Jongno-gu, Seoul, Korea

Building

Daelim Bldg.

Zip Code

110-732

Tel

+82-2-2011-7114

Fax

+82-2-2011-8000

E-mail

webmaster@daelim.co.kr

Website

www.daelim.co.kr;www.daelimchem.co.kr

Trading Address

Daelim Bldg., 146-12, Susong-dong, Jongno-gu, Seoul, Korea(P.O.BOX 5505)

(New Address System : 36, Jongro 1gil, Jongno-gu, Seoul, Korea)

Tel

+82-2-2011-7114

Fax

+82-2-2011-8000

Other Address-Plant Business

Twin Tree Tower, 14, Junghak-dong, Jongno-gu, Seoul, Korea

(New Address System : 6, Yulgok-ro, Jongno-gu, Seoul, Korea)

Tel

+82-2-369-4114

Fax

+82-2-2011-8000

Other Address-Petrochemical Division

10FL., KCCI Bldg., 45, Namdaemunno 4-ga, Jung-gu, Seoul, Korea

Tel

+82-3708-3000

Other Address

ACE Tower Bldg., 1-170, Sunhwa-dong, Jung-gu, Seoul, Korea

Tel

+82-2-3708-3274

Fax

+82-2-756-6804

Other Address-Gyunggi Office

1506-27, Gwanyang-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea

Tel

+82-31-422-8316-8

Fax

+82-31-422-8108

Other Address-Nambu Office

1577-10, Seocho-dong, Seocho-gu, Seoul, Korea

Tel

+82-2-584-6155-7

Other Address-Neospo Office

450, Bujeon-dong, Busanjin-gu, Busan, Korea

Tel

+82-51-851-1666

Fax

+82-51-807-4279

Other Address-Daelim Golden Tower Office

23-1, Yongdu-dong, Jung-gu, Daejeon, Korea

Tel

+82-42-222-0237

Fax

+82-42-222-0238

Other Address-Daejeon Branch

452-3, Daeheung-dong, Jung-gu, Daejeon, Korea

Tel

+82-42-252-9741-2

Fax

+82-42-252-9190

Other Address-Duckrye Office

1755-1, Deongnye-ri, Gwangyang-eup, Gwangyang-si, Jeollanam-do, Korea

Tel

+82-61-762-3916-7

Fax

+82-61-762-3918

Other Address-Dongbu Office

23-1, Bangi-dong, Songpa-gu, Seoul, Korea

Tel

+82-2-423-5335, 5354

Fax

+82-2-432-5311

Other Address-Manduck Turnnel Office

783-16, Mandeok-dong, Buk-gu, Busan, Korea

Tel

+82-51-334-0368

Fax

+82-51-338-0856

Other Address-Busan Office

341-5, Bujeon 1(il)-dong, Busanjin-gu, Busan, Korea

Tel

+82-51-811-1850

Fax

+82-51-811-1854

Other Address-Bukbu Office

187-1, Yeongeon-dong, Jongno-gu, Seoul, Korea

Tel

+82-2-747-6417-9

Fax

+82-2-747-6779

Other Address-Seobu Office

456, Gongdeok-dong, Mapo-gu, Seoul, Korea

Tel

+82-2-3272-4852-4

Fax

 

Other Address-Seosan Office

52-12, Supyeong-ri, Unsan-myeon, Seosan-si, Chungcheongnam-do, Korea

Tel

+82-41-664-5326

Fax

+82-41-664-5327

Other Address-Youngdungpo Youngnam Parking Lot Office

123, Yeongdeungpo-dong 4(sa)-ga, Yeongdeungpo-gu, Seoul, Korea

Tel

+82-2-672-1115-6

Fax

+82-2-672-1119

Other Address-Opera Tower Office

98, Guro 6(yuk)-dong, Guro-gu, Seoul, Korea

Tel

+82-2-837-6626

Fax

+82-2-862-6291

Other Address-Deplomacy Tower Office

1376-1, Seocho-dong, Seocho-gu, Seoul, Korea

Tel

+82-2-578-4777-8

Fax

+82-2-578-4779

Other Address-Chulgu Office

650-1, Jukbaek-dong, Pyeongtaek-si, Gyeonggi-do, Korea

Tel

+82-31-654-0711-7

Fax

+82-31-651-0711-4

Other Address-Hanlim Garrery Office

452-3, Daeheung-dong, Jung-gu, Daejeon, Korea

Tel

+82-42-253-8953

Fax

+82-42-253-8952

Type

Export

Industry

Construction of Industrial Plants

  Main Business

Industrial Plant Construction Services, Apartment Construction Services, High Density Polyethylene(HDPE)

  Sub Business

Apartment Building Construction

Established (mm/dd/yyyy)

08/28/1947

The Subject owns the premises of the registered address(6,134m2).

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Apartment construction(72131501)

Sell

Commercial or industrial construction(72131600)

Sell

General building construction(72130000)

Sell

Renovation of buildings or landmarks or monuments(72102801)

Sell

High Density Polyethylene HDPE(13102017)

Sell

Polypropylene PP(13102022)

Sell

Plastic resins(13111059)

 

 

CEO’s

 

Name

Lee Hae-Wook

Date of Birth

02/14/1968

Title

Vice Chairman & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

           

Capital (KRW)

218,500,000,000

Employees

5,109

Formation

Listed Company (Korea Stock Exchange : 000210) as of 02/03/1976

Foreign Direct Investment Corporation

A Company of DAELIM GROUP

Bank Details

Woori Bank

Securities Town Branch

Corporate Registered No.

110111-0084915

Business Registered No.

116-81-35007

Permit & Licenses

08/1994 ISO 9002

12/1995 ISO 9001

01/1997 ISO 14001

 

Int’l Trade No.: 671439

Shareholder Position

Name

Shares

%

DAELIM COPORATION(110111-1081093)

7,541,162

19.54

NATIONAL PENSION SERVICE(110171-0007134)

2,360,513

6.12

KOREA INVESTMENT TRUST MANAGEMENT CO., LTD.(110111-2006983)

1,947,110

5.04

OTHERS

26,751,215

69.30

TOTAL

38,600,000

100.00

Company History

10/1939 Established “Burim Commerce” in front of Buyeong Station, Incheon (Capital: KRW30,000, Construction materials business, Employee: 7)

06/1947 Changed the name to Daelim Industrial Company, Inc.

08/1960 Took over Poolim Industrial Company (President Jae-soon Lee inaugurated)

05/1975 Established Daelim Engineering Company, Inc. (Honorary President: Gyeong-seok Mah)

03/1980 Established Daelim Technology Laboratory (Honorary Manager: Gye-sik Choi)

04/1982 Daelim Industry and Kia Motors were merged to result in Daelim Motor Industry

01/1991 Ranked No.1 in government facility project in the 1990s by the Public Procurement Service

06/1992 Daelim Motor Industry merged with Daelim Motorcycle Sales

12/1992 Acquired the ASME Certification to participate in nuclear power plant construction

11/1997 Acquired the ISO 14001 certification and additional ISO 9001 certification

02/2000 Launched the e-Comfort Land brand for Daelim apartment complex

11/2001 Received the “Korea Construction Award” from the Union of Construction Associations

02/2002 Received an order for construction of Water Gate in Saemangum

03/2002 Received the Korea Best Remodeling Award (Main Building of the Bank of Korea)

03/2002 Received an order for construction of a combined cycle power plant in China (US$130 million)

07/2002 e-Comfort Land ranked No.1 in Korea Design Power Index for 2 consecutive years

04/2003 Received an order for construction of a waste water processing plant in Kuwait

05/2003 Received an order for 6th, 7th, and 8th construction of the South Pars Gas Refinery Plant in Iran

06/2003 President Yong Koo Lee received the Gold Tower of Industrial Achievements

09/2003 Introduced the Customer Center, “Orange Service & Green Service”

07/2004 Received the Presidential Award, the 8th Good Apartment Contest

07/2004 Received the “Korea’s Most Respected Business” Award in the Construction Category

11/2004 Received an order for construction of a petroleum plant in Iran (US$230 million)

07/2005 Received an order for construction in the new Yeocheon NCC Project

 

 

Management

 

Job Description

Title

Name

Nationality

Date of Birth

Education

Vice Chairman & CEO

Mr.

Lee Hae-Wook

Korean

1968.02.14

Columbia University, USA

Vice Chairman & CEO

Mr.

Kim Yoon

Korean

1949.05.13

Seoul National University, Korea

President & CEO/Petrochemical Division

Mr.

Park Chan-Jo

Korean

1953.01

Yonsei University, Korea

President

Mr.

Oh Kyu-Seok

Korean

1963.03

Seoul National University, Korea

Outside Director

Mr.

Shin Jeong-Sik

Korean

1952.01.14

State of Ohio University

Outside Director

Mr.

Oh Soo-Keun

Korean

1956.08.29

Soongsil University

Outside Director

Mr.

Cho Jin-Hyung

Korean

1954.04.01

Hongik University, Korea

Outside Director

Mr.

Shin Young-Joon

USA

1961.12.28

Harvard University, USA

Outside Director

Mr.

Lim Sung-Kyun

Korean

1953.10

Brown University, USA

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

(*)06/2012

3,957,632,680,067

9,459,404,263,834

227,200,791,375

(*)2011

7,187,410,074,295

9,545,399,352,890

431,367,721,401

(*)2010

6,343,191,963,672

8,939,723,437,925

203,610,697,010

2009

6,274,852,066,388

8,342,698,344,540

343,193,353,347

2008

5,892,211,808,475

7,136,953,580,719

101,487,579,757

2007

4,939,613,991,574

5,649,563,280,580

459,757,013,520

2006

4,269,281,632,923

4,540,268,231,962

253,557,480,476

2005

4,256,723,691,405

3,915,677,891,749

  342,914,188,623

2004

4,073,018,661,230

3,509,664,801,812

 434,171,374,431

(*)Figures are based on the K-IFRS Accounting System.

 

 

Financial Description

 

Authorized Capital(KRW)

600,000,000,000

Paid-Up Capital(KRW)

218,500,000,000

Total Issues Shares

38,600,000(Common: 34,800,000, Preferable: 3,800,000)

 

 

Balance Sheet

 

Unit : Korean Won

01/01/2012~06/30/2012

As of 12/31/2011

As of 12/31/2010

Total Assets

9,459,404,263,834

9,545,399,352,890

8,939,723,437,925

Current Assets

6,110,343,183,092

6,417,629,064,782

6,016,194,849,257

Cash & Cash Equivalents

902,566,553,639

1,113,138,310,718

1,127,015,992,187

Current Financial Instruments

18,000,000,000

115,900,624,712

75,451,097,287

Trade Receivables & Other Receivables

2,284,047,093,325

2,257,960,310,685

2,080,083,565,507

Other Receivables

1,100,764,566,551

1,121,870,491,499

886,078,144,438

Inventories

1,142,942,240,982

1,211,926,203,714

1,154,091,880,618

Non-Current Assets to be Sold

91,590,000,000

92,851,180,000

250,908,240,000

Derivatives

7,899,188,433

14,274,797,695

16,494,329,014

Other Current Assets

562,533,540,162

489,707,145,759

426,071,600,206

Non-Current Assets

3,349,061,080,742

3,127,770,288,108

2,923,528,588,668

Non-Current Financial Instruments

15,028,500,000

15,028,500,000

50,704,074,490

Long-Term Trade Receivables & Other Receivables

970,211,996,495

761,007,510,308

572,386,836,640

Investment_Subsidiaries

534,572,069,196

629,202,407,697

540,100,573,577

Investment_Related Companies

625,359,469,408

535,114,611,704

634,487,825,741

Marketable Financial Instruments

229,382,583,718

218,823,068,741

217,935,526,072

Tangibles

781,648,309,394

772,307,851,135

751,155,582,021

Intangibles

34,821,606,898

31,549,637,556

34,578,497,271

Investment_Real Estates

115,292,429,624

115,284,128,892

117,693,063,375

Derivatives

256,000,865

788,815,754

4,052,198,875

Deferred Income Tax

42,473,013,668

48,641,229,542

　

Other Non-Current Financial Debts

15,101,476

22,526,779

434,410,606

Total Liabilities

4,887,330,694,064

5,186,676,789,183

4,912,425,892,044

Current Liabilities

3,863,948,985,259

4,128,362,665,582

3,917,193,381,264

Trade Payables

1,279,414,861,937

1,554,300,783,920

1,175,463,357,432

Other Payables

652,848,811,309

618,869,794,133

451,485,117,750

Short-Term Borrowings

706,112,247,245

820,780,787,451

1,173,400,412,742

Other Liabilities to be Sold

91,590,000,000

92,851,180,000

171,078,000,000

Accrued Income Tax

54,676,511,874

91,163,043,632

55,990,160,449

Derivatives

28,265,433,355

33,916,833,030

16,049,898,036

Provisions

20,420,745,259

15,520,572,859

1,920,614,389

Other Current Liabilities

1,030,620,374,280

900,959,670,557

871,805,820,466

Non-Current Liabilities

1,023,381,708,805

1,058,314,123,601

995,232,510,780

Long-Term Trade Payables & Other Payables

115,190,102,850

119,891,858,524

150,362,507,197

Long-Term Borrowings

713,148,868,650

732,144,047,452

501,971,129,075

Provision for Severance & Retirement

18,957,968,562

16,247,832,671

3,219,446,212

Provisions for Repairing

77,107,660,948

79,527,033,500

80,371,363,804

Other Provisions

3,658,830,346

3,932,657,089

1,920,614,389

Finance Guarantee Debts

80,140,986,176

100,115,919,105

230,384,373,474

Derivatives

15,177,291,273

6,454,775,260

10,327,989,360

Deferred Income Tax Credit

　

　

16,675,087,269

Capital Stock

218,500,000,000

218,500,000,000

218,500,000,000

Capital Surplus

539,449,600,181

539,449,600,181

539,449,600,181

Profit Surplus

3,823,405,065,876

3,600,254,274,501

3,186,547,026,235

Others

-9,281,096,287

518,689,025

82,800,919,465

Total Equity

4,572,073,569,770

4,358,722,563,707

4,027,297,545,881

Liab. & Shareholder’s Equity

9,459,404,263,834

9,545,399,352,890

8,939,723,437,925

 

 

Income Statement

 

Unit : Korean Won

01/01/2012~06/30/2012

As of 12/31/2011

As of 12/31/2010

Sales

3,957,632,680,067

7,187,410,074,295

6,343,191,963,672

Cost of Sold Goods

3,539,408,509,698

6,355,586,813,027

5,601,677,065,758

Gross Profit

418,224,170,369

831,823,261,268

741,514,897,914

Selling & Admin. Expenses

221,723,766,981

425,004,118,566

425,352,188,964

Other Operating Income

216,494,731,049

483,131,009,291

222,414,430,122

Other Operating Expenses

119,617,754,631

309,645,507,801

244,841,542,767

Operating Income

293,377,379,806

580,304,644,192

293,735,596,305

Finance Income

40,724,664,134

94,805,967,225

92,814,808,074

Finance Expenses

44,863,020,745

115,271,025,003

111,629,159,612

Income Before Taxes

289,239,023,195

559,839,586,414

274,921,244,767

Income Taxes Expenses

62,038,231,820

128,471,865,013

71,310,547,757

Net Income

227,200,791,375

431,367,721,401

203,610,697,010

 

 

Cash Flows

 

Unit : Korean Won

01/01/2012~06/30/2012

As of 12/31/2011

As of 12/31/2010

Operating Activities Cash Flows

34,660,517,155

556,783,864,484

616,367,855,743

Cash Flows from Operating

45,030,845,472

557,046,840,428

666,409,289,363

Net Income

227,200,791,375

431,367,721,401

203,610,697,010

Adjustment

44,727,203,606

164,099,207,910

267,186,829,981

Changes in Asset/ & Liability

-226,897,149,509

-38,420,088,883

195,611,762,372

Interests Received

15,224,149,710

44,393,073,201

66,008,527,419

Interests Paid

-42,129,188,485

-101,206,222,498

-96,626,439,461

Dividends Received

121,080,686,477

187,907,195,700

66,900,150,000

Income Taxes

-104,545,976,019

-131,357,022,347

-86,323,671,578

Cash Flows from Investing

-107,092,388,308

-442,664,592,555

-399,547,255,604

Cash Inflow from Investing

219,434,341,131

961,988,985,861

736,118,183,028

Cash Outflows for Investing

-326,526,729,439

-1,404,653,578,416

-1,135,665,438,632

Cash Flows from Financing

-137,971,587,070

-127,319,237,249

-87,039,951,777

Cash Inflows from Financing

1,457,881,765,000

3,778,840,049,611

1,934,336,800,000

Cash Outflows from Financing

-1,595,853,352,070

-3,906,159,286,860

-2,021,376,751,777

Increase/Decrease in Cash

-210,403,458,223

-13,199,965,320

129,780,648,362

Cash at the Beginning of Year

1,113,138,310,718

1,127,015,992,187

999,709,851,373

Cash at the End of Year

902,566,553,639

1,113,138,310,718

1,127,015,992,187

 

Products, Technologies, Services Description

 

Main Products & Services

Construction

Petrochemicals-PB, HDPE, PIPE, OPP, COMPOUND, DAELIM PORI

Detailed Products Spec.

Products

2008

2007

PB

65

65

HDPE

380

380

FILM

23

23

 

 

Trade Partners & Competitors

 

Suppliers

YEOCHUN NCC CO., LTD.(110111-1839096)

Customers

DAELIM COPORATION(110111-1081093)

YEOCHUN NCC CO., LTD.(110111-1839096)

KOREA NATIONAL HOUSING CORPORATION

KOREA HIGHWAY CORPORATION

KOREA AGRICULTURAL & RURAL INFRASTRUCTURE CORPORATION

KEPCO

KOREA LAND CORPORATION

KOREA GAS CORPORATION

GOVERNMENT OF THE REPUBLIC OF KOREA

SAUDI KAYAN PETROCHEMICAL COMPANY(AL-JUBAIL INDUSTRIAL CITY, SAUDI ARABIA)

Competitors

-Construction

SAMSUNG C&T CORPORATION(110111-0002975)

DAEWOO ENGINEERING & CONSTRUCTION CO., LTD.(110111-2137895)

HYUNDAI ENGINEERING & CONSTRUCTION CO., LTD.(110111-0007909)

THE SUBJECT (THE 4TH PLAYER)

GS ENGINEERING & CONSTRUCTION CO., LTD.(110111-0002694)

 

-Petrochemicals

KOREA PETRO CHEMICAL IND CO., LTD

HONAM PETRO CHEMICAL CORPORATION

LG PETROCHEMICAL CO., LTD

SK CORPORATION

SAMSUNG PETROCHEMICAL CO., LTD.

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates-Domestic

DAELIM INDUSTRIAL CO., LTD.(110111-0084915)

KOREA DEVELOPMENT CORPORATION(110111-0052037)

SAMHO CO., LTD.(180111-0434372)

DAELIM COPORATION(110111-1081093)

WEB-TECH CORP.(110111-1799406)

DAELIM I&S CO., LTD.(110111-1143009)

ORA RESORT CO., LTD.(220111-0001536)

DAELIM MOTOR CO., LTD.(110111-0227359)

DAELIM CONCRETE PROCUCTS CO., LTD.(110111-0061228)

ECO SULIHALL CO., LTD.(115611-0045657)

MANWOLSAN TUNNEL CO., LTD.(120111-0144444)

YOUNGCHEON SANGJU HIGHWAY CO., LTD.(110111-3581520)

GIMHAE DONGSEO TUNNEL CO., LTD.(195511-0106752)

SONGDO POWER CO., LTD.(110111-3936189)

GREEN TECHNOLOGY DEVELOPMENT CO., LTD.(284411-0050771)

Affiliates-Overseas

DAELIM PHILIPPINES, INC(PHILIPPINES)

INTEGRATED ENGINEERING LTD.(MALAYSIA)

PT. DAELIM UTAMA CONSTRUCTION(INDONESIA)

DAELIM MALAYSIA, SDN. BHD.(MALAYSIA)

DAELIM SAUDI ARABIA CO.,LTD(SAUDI ARABIA)

DAELIM(SHANGHAI) INTERNATIONAL TRADING CO., LTD.(CHINA)

DAELIM VIETNAM LTD.(VIETNAM)

HHVC SHIPPING PTD. LTD.(SINGAPORE)

WBLC SHIPPING PTD. LTD.(SINGAPORE)

DAELIM(NAMKYUNG) CONSTRUCTION CO., LTD.(CHINA)

Overseas Office

CHINA/SHANGHAI IIP SITE

IIP PROJECT BLOCK D1, SHANGHAI CHEMICAL INDUSTRIAL PARK (SCIP), CAOJING, SHANGHAI, CHINA

TEL:+86-21-6712-0820 FAX: (86-21-6712-0803

 

INDIA/NEW DELHI OFFICE

9A, 2ND FLOOR, GREEN PARK MAIN, NEW DELHI 110016, INDIA

TEL:+91-11-2653-2670~2 FAX: (91-11-2653-2676

 

INDIA/MATHURA DHDT SITE

A-9A, 2ND FLOOR, GREEN PARK MAIN, NEW DELHI 110016, INDIA

TEL:+91-9810-38-0505

 

INDIA/PANIPAT REFINERY HCU SITE

PANIPAT REFINERY, PANIPAT 132140, HARYANA, INDIA

TEL:+91-180-157-8615~9

 

INDONESIA/PT DAELIM UTAMA CONSTRUCTION

KOREA CENTER, 4TH FLOOR, JALAN GATOT SUBROTO, NO. 58, JAKARTA, INDONESIA

TEL:+62-21-527-7378 FAX:+62-21-527-7381

 

MALAYSIA/KUALA LUMPUR OFFICE

MUI PLAZA, 19TH FLOOR, JALAN P. RAMLEE, KUALA LUMPUR 50250, MALAYSIA

TEL:+60-3-2145-9911 FAX:+60-3-2145-8877

 

IRAN/TEHRAN OFFICE

BUILDING NO.148, KHORAMSHAR AVENUE, TEHRAN 15337, IRAN, P.O. BOX: 15875-3335

TEL:+98-21-8874-0687 FAX:+98-21-8875-5623

 

IRAN/AMIR KABIR PETROCHEMICAL LDPE SITE

PETZONE SITE NO.4, BANDAR IMAM, IRAN

TEL:+98-652-262-4307 FAX:+98-652-262-4353

 

IRAN/PARS PETROCHEMICAL EB SITE

ASSALUYEH, BUSHEHR PROVINCE, IRAN, P.O. BOX: 75391-153

TEL:+98-772-732-4195 FAX:+98-772-732-4195

 

IRA.PETROPARS SPGD 6/7/8 SITE

ASSALUYEH, BUSHEHR PROVINCE, IRAN

TEL:+98-772-726-3777 EXT. 615 FAX:+98-772-732-3129

 

KUWAIT/KUWAIT OIL EWDP SITE

TEL:+965-398-9111 FAX:+965-565-4915

 

SAUDI ARABIA/AL-KHOBAR OFFICE

P.O. BOX 2346, DAMMAM 31451, SAUDI ARABIA

TEL:+966-3-857-8221, 8212 FAX:+966-3-857-6446

 

UAE/DUBAI OFFICE

KALANTAR TOWER NO.101, SHEIKH ZAYED ROAD, P.O. BOX 9060, DUBAI, UAE

TEL:+971-4-343-9844 FAX:+971-4-343-9834

 

UNITED STATES/HOUSTON OFFICE

14701 ST. MARY’S LANE, SUITE #335, HOUSTON, TEXAS 77079, USA

TEL:+1-281-558-4700 FAX:+1-281-558-4701

Overseas Branch

KUWAIT/KUWAIT BRANCH OFFICE

P.O. BOX 28023, SAFAT 13141, KUWAIT, HOUSE 39, STREET 9, BLOCK 10, SALWA, KUWAIT

TEL:+965-565-4874/94 FAX:+965-565-4915

Subsidiary

KOREA DEVELOPMENT CORPORATION(110111-0052037)

SAMHO CO., LTD.(180111-0434372)

DAELIM C&S CO., LTD.(110111-0061228)

DAELIM MOTOR CO., LTD.(110111-0227359)

DAELIM CONCRETE PROCUCTS CO., LTD.(110111-0061228)

SONGDO POWER CO., LTD.(110111-3936189)

DAELIM SAUDI ARABIA CO., LTD,

Cooperative Enterprise

-Insured Company

SAMSUNG FIRE & MARINE INSURANCE CO., LTD(110111-0005078)

 

Sales by Region

(Activity & Markets)

 

Construction Div.

 

Sales/ Unit :Mil KRW

2010

2009

2008

Export

1,222,807

1,493,380

1,180,510

Domestic

3,553,378

3,394,462

3,604,927

Others

345,100

531,050

163,470

Total

5,121,285

5,418,892

4,948,907

 

Chemical Div.

 

Sales/ Unit :Mil KRW

2010

2009

2008

Export

678,564

439,114

497,619

Domestic

398,407

416,847

445,686

Total

1,076,971

855,961

943,305

 

 

Court Action

 

Case No.

Court

Plaintiff(s)/ Creditor(s)/ Applicant(s)

Defendant(s)/ Debtor(s)/ Respondent(s)

Cause

Amount (Million KRW)

Status

 

Seoul Central District Court

Jung Hee-Sung & Others(500)

The Subject Company and Pentaport Development co. ltd.(161511-0076814)

Cancellation of Lotting-Out Contract, and refund of Deposits

145,446

proceeding

 

 

The Subject Company

Fair Trade Commission

Cancellation on imposed Penalty

2,850

3rd Round is Proceeding by the subject company's application

 

 

The Subject Company

Fair Trade Commission

Cancellation on imposed Penalty

11,697

1st Round is proceeding

 

 

Park Sung-Joon & Others(283)

The Subject Company & Others(4)

Claim for Overpaid Amount

1,079

1st Round is proceeding

 

 

The Subject Company

Jinbo Industrial Development Ltd.

Claim for Account Receivables

21,858

1st Round is proceeding

 

 

Ko Bong-Jin & Others(53)

The Subject Company

Claim for Compensation

1,078

1st Round is proceeding

 

 

The Subject Company

Bisan Dong Daelim Housing Association

Claim for Loans

24,000

1st Round is proceeding

 

 

The Subject Company & Others(1)

Haewundae Re-Construction Assocaition

Claim for Other Expenses

4,889

1st Round is proceeding

 

 

Lee Jung-Ae & Others(25)

The Subject Company & Others(3)

Claim for Overpaid Amount

7,509

1st Round is proceeding

 

 

Hwagok Re-Construction Association

The Subject Company & Others(1)

Claim for Account Receivables

10,000

1st Round is proceeding

 

 

Seolin Architecture Co., Ltd.

The Subject Company & Others(6)

Claim for Compensation

1,096

1st Round is proceeding

 

 

Yoo Chnag-Hern & Others(98)

The Subject Company & Others(1)

Claim for Compensation

1,980

1st Round is proceeding

 

 

The Subject Company

Kangwon Land Co., Ltd.

Claim for Account Receivables

9,113

1st Round is proceeding

 

 

Ki Jong-Pyo & Others(118)

The Subject Company & Others(3)

Refund of Lot-Out Amount

17,875

1st Round is proceeding

 

 

Daejung C&M Co., Ltd.

The Subject Company & Others(1)

Claim for Agreed Amount

1,210

1st Round is proceeding

 

 

Jang San-Chan

The Subject Company & Others(1)

-

1,140

Proceeding

 

 

Seolcheon Farm Co., Ltd.

The Subject Company & Others(1)

Claim for Compensation

15,861

Proceeding

 

 

Cha Won-Seok & Others(32)

The Subject Company & Others(4)

Claim for Compensation

9,637

Proceeding

 

 

The Subject Company

Euiwang Re-Construction Association

Claim for Compensation

3,241

Proceeding

(*)There are 14 cases filed as Plaintiff(s)/ Creditor(s)/ Applicant(s) amounting 27,271,000,000 KRW and SAR13,108,000, and 94 cases Defendant(s)/ Debtor(s)/ Respondent(s) amounting 0,534,000,000 KRW and SAR30,180,000 as of 12/31/2011.

 

 

News Clipping

 

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FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.97

UK Pound

1

Rs.87.50

Euro

1

Rs.70.16

 

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%)

 

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.