MIRA
INFORM REPORT
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Report Date : |
01.09.2012 |
IDENTIFICATION DETAILS
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Name : |
LG INTERNATIONAL CORP |
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Registered Office : |
LG Twin Tower, 20, Yeouido-Dong, Yeongdeungpo-Gu, Yeongdeungpoh-Gu Seoul, 150721 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
26.11.1953 |
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Legal Form : |
Public Subsidiary Company |
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Line of Business : |
Subject provides petroleum oils, gases, coals and
nonferrous metals, and involves in overseas plant projects |
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No. of Employees : |
705 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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.
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Source : CIA |
Company name & address
LG International Corp
LG Twin Tower
20, Yeouido-Dong, Yeongdeungpo-Gu
Yeongdeungpoh-Gu
Seoul, 150721
Korea, Republic of
Tel: 82-2-37731114
Fax: 82-2-37735836
Web: www.lgicorp.com
Synthesis
Employees: 705
Company Type: Public Subsidiary
Corporate Family: 243
Companies
Ultimate Parent: LG Corp.
Traded:
Korea Stock Exchange: 001120
Incorporation Date:
26-Nov-1953
Auditor: Ernst & Young LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: South
Korean Won
Annual Sales: 12,624.7 1
Net Income: 223.6
Total Assets: 4,289.1 2
Market Value: 1,401.6 (17-Aug-2012)
Business Description
LG INTERNATIONAL CORP. is engaged in the trading business. The Company operates in four business divisions: energy and raw materials division, which provides petroleum oils, gases, coals and nonferrous metals, and involves in overseas plant projects; industrial material I division engages in the marketing of electric and electronic components; industrial material II division distributes resins, paintings, steels, machineries, as well as helicopters and helicopter parts, and other division distributes optical and digital cameras, as well as wine products. On July 19, 2012, the Company acquired a 60% stake in PT. Ganda Alam Makmur, mainly engaged in the coal development. For the fiscal year ended 31 December 2010, LG International Corp.'s total revenues increased 31% to W13.501T. Net income totaled W286.00B, up from W93.44B. Revenues reflect increased demand for the company's merchandise in both foreign and domestic market. Net income also benefited from decreased interest expense, increased gain on disposal of equity method securities and increased gain under equity method.
Industry
Industry Electronic Instruments and Controls
ANZSIC 2006: 3494 - Other
Electrical and Electronic Goods Wholesaling
NACE 2002: 5187 - Wholesale
of other machinery for use in industry, trade and navigation
NAICS 2002: 42361 - Electrical
Apparatus and Equip., Wiring Supplies, and Related Equip. Wholesalers
UK SIC 2003: 5187 - Wholesale
of other machinery for use in industry, trade and navigation
UK SIC 2007: 4669 - Wholesale
of other machinery and equipment
US SIC 1987: 5063 - Electrical
Apparatus and Equipment Wiring Supplies, and Construction Materials
Key Executives
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Name |
Title |
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Yeong Bong Ha |
President, Co-Chief Executive Officer, Director |
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Seong Huh |
Chief Financial Officer, Managing Director |
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Myeong Jae Yoo |
Vice President |
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Bonjoon Koo |
Chief Executive Officer |
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Sung Huh |
CFO |
Significant Developments
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* number of significant developments within the last 12 months
News
|
Title |
Date |
|
Galaxy moving toward feasibility study at
Sal de Vida |
28-Aug-2012 |
|
Galaxy Resources Limited (ASX:GXY)
Outlines Development Strategy for Sal De Vida |
28-Aug-2012 |
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Interfax Ukraine Business Daily. |
17-Aug-2012 |
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Cook in the frame for top award |
14-Aug-2012 |
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Broad in running for international award |
14-Aug-2012 |
Financial Summary
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Stock Snapshot
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1 - Profit & Loss Item Exchange Rate: USD 1 = KRW 1107.891
2 - Balance Sheet Item Exchange Rate: USD 1 = KRW 1152
Corporate Overview
Location
LG Twin Tower
20, Yeouido-Dong, Yeongdeungpo-Gu
Yeongdeungpoh-Gu
Seoul, 150721
Korea, Republic of
Tel: 82-2-37731114
Fax: 82-2-37735836
Web: www.lgicorp.com
Quote Symbol - Exchange
001120 - Korea
Stock Exchange
Sales KRW(mil): 13,986,834.0
Assets KRW(mil): 4,941,008.5
Employees: 705
Fiscal Year End: 31-Dec-2011
Industry: Electronic Instruments and Controls
Incorporation Date: 26-Nov-1953
Company Type: Public Subsidiary
Quoted Status: Quoted
President, Co-Chief
Executive Officer, Director: Yeong
Bong Ha
Company Web Links
Company Contact/E-mail
Corporate History/Profile
Executives
Financial Information
Home Page
Investor Relations
News Releases
Products/Services
Contents
Industry Codes
Business Description
Financial Data
Market Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3494 - Other Electrical and Electronic Goods Wholesaling
3322 - Metal and Mineral Wholesaling
3913 - Trailer and Other Motor Vehicle Retailing
3323 - Industrial and Agricultural Chemical Product Wholesaling
3419 - Other Specialised Industrial Machinery and Equipment
Wholesaling
3321 - Petroleum Product Wholesaling
3606 - Liquor and Tobacco Product Wholesaling
NACE 2002 Codes:
5187 - Wholesale of other machinery for use in industry, trade and
navigation
5134 - Wholesale of alcoholic and other beverages
5143 - Wholesale of electrical household appliances and radio and
television goods
5152 - Wholesale of metals and ores
5186 - Wholesale of other electronic parts and equipment
5151 - Wholesale of solid, liquid and gaseous fuels and related
products
5155 - Wholesale of chemical products
5010 - Sale of motor vehicles
NAICS 2002 Codes:
42361 - Electrical Apparatus and Equip., Wiring Supplies, and
Related Equip. Wholesalers
423510 - Metal Service Centers and Other Metal Merchant Wholesalers
424820 - Wine and Distilled Alcoholic Beverage Merchant Wholesalers
424720 - Petroleum and Petroleum Products Merchant Wholesalers
(except Bulk Stations and Terminals)
424610 - Plastics Materials and Basic Forms and Shapes Merchant
Wholesalers
423520 - Coal and Other Mineral and Ore Merchant Wholesalers
441229 - All Other Motor Vehicle Dealers
423830 - Industrial Machinery and Equipment Merchant Wholesalers
423690 - Other Electronic Parts and Equipment Merchant Wholesalers
423620 - Electrical and Electronic Appliance, Television, and Radio
Set Merchant Wholesalers
US SIC 1987:
5063 - Electrical Apparatus and Equipment Wiring Supplies, and
Construction Materials
5065 - Electronic Parts and Equipment, Not Elsewhere Classified
5052 - Coal and Other Minerals and Ores
5599 - Automotive Dealers, Not Elsewhere Classified
5172 - Petroleum and Petroleum Products Wholesalers, Except Bulk
Stations and Terminals
5064 - Electrical Appliances, Television and Radio Sets
5051 - Metals Service Centers and Offices
5182 - Wine and Distilled Alcoholic Beverages
5084 - Industrial Machinery and Equipment
5162 - Plastics Materials and Basic Forms and Shapes
UK SIC 2003:
5187 - Wholesale of other machinery for use in industry, trade and
navigation
5010 - Sale of motor vehicles
5155 - Wholesale of chemical products
5152 - Wholesale of metals and ores
51511 - Wholesale of petroleum and petroleum products
5186 - Wholesale of other electronic parts and equipment
51342 - Wholesale of wine, beer, spirits and other alcoholic
beverages
5143 - Wholesale of electrical household appliances and radio and
television goods
UK SIC 2007:
4669 - Wholesale of other machinery and equipment
46711 - Wholesale of petroleum and petroleum products
4643 - Wholesale of electrical household appliances
4652 - Wholesale of electronic and telecommunications equipment
and parts
46342 - Wholesale of wine, beer, spirits and other alcoholic
beverages
4675 - Wholesale of chemical products
4511 - Sale of cars and light motor vehicles
4672 - Wholesale of metals and metal ores
Business
Description
LG INTERNATIONAL
CORP. is engaged in the trading business. The Company operates in four business
divisions: energy and raw materials division, which provides petroleum oils,
gases, coals and nonferrous metals, and involves in overseas plant projects;
industrial material I division engages in the marketing of electric and
electronic components; industrial material II division distributes resins,
paintings, steels, machineries, as well as helicopters and helicopter parts,
and other division distributes optical and digital cameras, as well as wine
products. On July 19, 2012, the Company acquired a 60% stake in PT. Ganda Alam
Makmur, mainly engaged in the coal development. For the fiscal year ended 31
December 2010, LG International Corp.'s total revenues increased 31% to
W13.501T. Net income totaled W286.00B, up from W93.44B. Revenues reflect
increased demand for the company's merchandise in both foreign and domestic
market. Net income also benefited from decreased interest expense, increased
gain on disposal of equity method securities and increased gain under equity
method.
More Business
Descriptions
Engaged in trade and the export and import of goods, operates in four divisions: energy and raw materials; provision of petroleum oils gases and coal; industrial materials and overseas plant and the marketing of heavy electrical equipment and helicopter parts
International
Trade
LG International
Corp. (LGI) is a Korea-based is resource development and business trading
company. It is a part of the LG Group and provides diversified services
worldwide. The company is engaged in providing services and business trading
solutions across the world. Its key business fields include Crude Oil, Coal,
Project Business, IT and Machinery, Petrochemicals and New Business
Development. It’s business is divided into three segments, namely,
Specialized trading of commodities, industrial goods, industrial materials;
Import and distribution of Information technology (IT) products, consumer
retail goods, as well as auto and aviation products; Resource Development
segment which is engaged in construction of industrial and power plants,
besides oil exploration projects. The trading segment is mainly engaged in the
trading of commodities and industrial goods such as petroleum, natural gas,
crude oil, coals, steels, synthetic resins, basic emulsion and other chemicals.
It also has investments in a coil center in India. Its major petrochemical
products includes PX, VCM, PP, PET The Import and Distribution segment deals
with the import and distribution of products such as helicopters, elevators,
commercial cars and information technology (IT) products. The IT products that
it imports include consumer electronics, as well as computer,
telecommunication, electronic components, and network products that include
digital cameras, mobile related components and displays such as LCD displays.
It provides Russian helicopters to major customers such as the Department of
Forestry and the National Police Agency. It operates a maintenance center for
Cheongju Airport, which has imported 80 helicopters. It also provides IVECO
commercial cars, cameras, MP3, Mac book dictionaries and camera adviser systems
through its Pixdix Shops. It opened 14 retail stores recently. The Resource
Development segment provides various services through two divisions, namely,
Oil and Gas, and Coal. Under oil and gas, the company is engaged in exploration
projects; and the coal division has equity investment in production fields. It
products list consists of non-ferrous metals such as aluminum, coal and basic
raw materials, copper, and tin. The company is also engaged in the construction
of industrial and power plants that include heavy equipment plants and
petroleum refinery power plants. In September 2011, LG International Corp.
(LGI), entered into an agreement to acquire an additional 10% interest in
GeoPark Chile Limited, a Chile based oil and gas company, from GeoPark Holdings
Limited, an oil and gas exploration and production company, for a purchase
consideration of $78m in cash.
LG International
Corp. (LG International) is a publicly traded Korean company. It is engaged in
trading business and provides petroleum, natural gas, crude oil, coal, steels,
nonferrous metals, mobile and display devices, security gates, automobile
components, display components, electronic components and electronic equipment,
helicopters and commercial cars, and transportation services. The company
operates under three business divisions, namely, Energy and Metal Division,
Industrial Material Division and Import and Distribution Division. LG
International operates six subsidiaries and 42 representatives across North
America, Central & South America, Europe & Central Asia, Middle East
& Africa, Asia, and Oceania. It is headquartered in Seoul, South Korea.The
company reported revenues of (Won) KRW 13,986,834.14 million during the fiscal
year ended December 2011, a decrease of 2.78% from 2010. The operating profit
of the company was KRW 200,734.76 million during the fiscal year 2011, a
decrease of 13.29% from 2010. The net profit of the company was KRW 247,776.71
million during the fiscal year 2011, a decrease of 22.38% from 2010.
LG International
Corporation (South Korea) is a general trading company with interests in
IT/electronics and telecommunication equipment, fashion, chemicals, energy,
finance and investment consultancy. LG's major export items include electrical,
electronics and telecommunications equipment, cables, chemical products, steel
and non-ferrous metals.
In 1953, LG
International Corporation started off as Lucky Industry, and has since been
involved in exporting and importing activities for Korea's major industries, leading
the way for the country's significant economic development. LGI is a total
trading company, acquiring and supplying resources essential for industrial
growth and enhanced life quality, as well as a wide range of raw materials. In
1992 the company participated in the 11-2 block project in Vietnam, and
completed the construction of gas field and production facilities. In 2006 it
began the production of gas, and is now carrying out drilling work for
full-scale production, and will continue drilling more exploration wells in
order to discover additional deposits. In 1999 LGI and other six Korean
companies together participated in the RasLaffan LNG project in Qatar. The
company's metals division consists of nonferrous metals and steel, and involves
dealing with the basic raw materials, namely, steel and nonferrous metals, of
industrial raw materials.
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Helpful |
Harmful |
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Internal Origin |
Strengths |
Weaknesses |
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External Origin |
Opportunities |
Threats |
Overview
LG International
Corp. (LGI) is engaged in trading in commodities, information technology
products and services, consumer products and industrial products. The company
has a strong brand image in the global market and operates business through
diverse business verticals, in spite of declining operating margins and
liquidity. Though the company has risks associated with economic slowdown and
technology changes, the growing IT services market and its strategic
acquisitions ensure top line growth.
Strengths
Diversified Portfolio
The company is
engaged in the trading business with several products in various sectors,
resource development and import distribution. The company generates revenue
from all the sectors in which it operates. The company trades in commodities
such as metals and coal, petrochemicals, industry products and IT products. The
industrial products include aviation and machinery. The company’s IT products
include digital equipment and optical equipment such as camera accessories,
digital cameras and memory cards. The company also provides display products
such as LCD, PDP TVs, LCD panels, electron guns and shadow masks. The company
is also engaged in engineering and procurement and construction. The
diversified portfolio of the company provides it a competitive advantage.
Strong Brand
The LG Group’s
trading arm is LG International Corporation (LGI) and it is the second largest
trading company in Korea. The products and services of the company have a
strong brand image in the world market. The company won the 97th global brand
award by BusinessWeek and Interbrand, a branding consultancy. Recently, in
Indonesia Best Brand Awards 2010, LG’s brand share was 2.0 with the
satisfaction index of 92.9. The company’s brand value reported for 28.6 in
2010, whereas HP Notebooks won the Indonesia Best Brand Award 2010 with a brand
value of 54.2 in 2010. Such strong branding can increase and strengthen the
company’s portfolio and revenue.
Government Contracts
The company’s
contracts provide it the potential to derive growth and develop financial
stability. The company and Hyundai Engineering received a contract for the
largest plant in resource-rich Turkmenistan. The project for the gas treatment
plant is worth of $1.48 billion from Turkmenistan’s state-owned company,
which started in January 2010 and is forecast to end in Q3, 2012, in which LG
and Hyundai undertake engineering, procurement, and construction activities.
After completion, the plant is expected to produces 10bn cubic meters of natural
gas annually through desulfurization process, which is designed to remove
sulfur from natural gas. The prestigious government contract helps improve the
company’s brand image and market share.
Weaknesses
Concentrated Revenue
The company has
significant revenue dependence on South Korea, one of the largest IT and
Semiconductor markets in the world. Despite its competitive position in South
Korea and international industries, the company has less diversified operations
as compared to its competitors. The company generates a major share of its
revenue from South Korea, exposing its operations to the macroeconomic factors
of the country. Though the company has operations around the world, it
generates the major portion of its revenue from South Korea, which could have
an adverse impact on its business operations. In 2010, the company generated
major portion of its total income from South Korea. The dependence on South
Korea was evident in the previous fiscal years as well, as the company derived
similar percentage of its total revenue in 2009 and 2008 from South Korea. The
company is also susceptible to excessive competitive pressure from different
competitors in the region. It faces challenges in retaining its customer base
in developed economies where it has presence either through its strategic
alliances or through its distribution network. Concentrated operational
presence limits its growth and increases systematic risks in comparison to its
competitors.
Opportunities
High Growth in IT Services
The company could
benefit from the positive long-term outlook for IT services market. According
to industry estimates, expenditure on IT services is expected to rebound by
2012, at an expected growth rate of 6%. Demand for IT services is likely to be
driven by growth in financial services, healthcare, communications and media.
According to analysts, worldwide IT spending is expected to reach $3.6 trillion
in 2011, reflecting an increase of 5.1% over that in 2010. Moreover, global IT
market is expected to expand nearly 30% over the next few years. The demand for
green IT services, driven by companies trying to improve their cost
efficiencies, is projected to be about $4.8 billion by 2013. In 2011, the
demand for three major segments of the IT market, namely, hardware, software,
and services, is expected to increase 7.8%, 5.3% and 3.5% respectively over
that in 2010, leading to an increase in demand for servers, peripherals and
storage, and networking equipment. Thus, the company could capitalize on the
growing global IT services market, which could enhance its revenue and
strengthen its market position.
Strategic Acquisitions
The company
focuses on acquisitions that complement its existing businesses. In October
2011, LGI invested about $50 million in acquiring a 10% stake in Australia’s
Ensham thermal coal mine, which has been owned by the Japanese electric power
company J-Power. The deal enable LGI to increase its stake in that mine from 5%
to 15% and secure an additional annual maximum of one million tons of thermal
coal. In April 2010, the company signed a Sale and Purchase Agreement with
Galaz Energy B.V. to acquire a 40% interest in operating company for the NW
Konys, Galaz and Company LLP, as well as all rights of operation. The
acquisition adds to LGI’s total Exploration and Production assets in
Kazakhstan, taking them to five (LGI’s existing blocks are ADA, Block8,
Egizkara, and Zhambyl), and facilitates production volume of 1,600 barrels of
oil per day and increase to 3,800 barrels of oil per day. Earlier, the company
secured 70% equity in the copper and zinc combined mine to acquire a dominant
managerial right. Strategic acquisitions such as these enhance its product
portfolio and global reach.
Raising Demand for Consumer Electronics
The company could
benefit from the positive outlook for consumer electronics industry, especially
in the US. According to in-house research, the consumer electronics
industry’s product shipments are expected to reach 1.60 billion units in
2011, reflecting an increase of 2.56% over 1.56 billion units of 2010. It is
also forecast that shipment growth will accelerate to 4.4% in 2012. The global
audio and video equipment market is also expected to record substantial growth
in the near future. Thus, the company could capitalize on its strong brand
equity and product offerings in the segment to generate higher revenue from the
growing market.
Threats
Fragility of Network and Collocation Services
The company’s
success depends on its ability to provide high quality and reliable products
and services. Any cause of human error, natural disaster, extreme temperature
or other unanticipated problems could affect the ability of its provision of
services to the customers. Any problems in analyzing and applying data could
interrupt the services. The services are also prone to unauthorized access,
computer viruses, and other disruptive problems caused by customers, employees,
and others. Resolving network failures and security problems could also cause
interruptions, failure or delay in the services. All these causes of
interruption could result in loss of customers, damaging the company’s image
in the market.
Political Environment
The company
operates its business in Korea. The Korean political environment is becoming
uncertain each year. The political relations between North Korea and South
Korea are adverse. The level of strain in their relations increased year-on-
year. The increase in tension causes break-down in contacts and leads to an
outbreak in military hostilities. The company exports all of its products.
Hence, any increase in the strain in relations between the two countries can
influence the company’s financial position and operations.
Rapid Technological Changes
The company's
offerings are characterized by rapid technological changes, which may affect
its business operations. To compete effectively with its peers, the company
should continually introduce new products that exceed the customers’
requirements. The introduction of products using new technologies or the
adoption of new industry standards can make existing products, or products
under development, obsolete or unmarketable. Inability to study the evolving
technological landscape may impact the company’s competitive position.
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Corporate
Family |
Corporate
Structure News: |
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LG Corp. |
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LG International Corp |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Seoul |
Korea, Republic of |
Audio and Video Equipment |
9,079.4 |
95 |
|
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Affiliates |
Seoul |
Korea, Republic of |
Audio and Video Equipment |
48,972.8 |
35,437 |
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Subsidiary |
Chaoyang District, Beijing |
China |
Advertising |
1,000.0 |
38,500 |
|
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Subsidiary |
Huizhou City, Guang Dong |
China |
Electronic Instruments and Controls |
1,549.0 |
4,754 |
|
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Subsidiary |
Taizhou City, Jiang Su |
China |
Electronic Instruments and Controls |
525.7 |
2,981 |
|
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Subsidiary |
Shenyang, Liao Ning |
China |
Electronic Instruments and Controls |
448.8 |
1,000 |
|
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Subsidiary |
Yantai, Shan Dong |
China |
Electronic Instruments and Controls |
0.0 |
|
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Subsidiary |
Tianjin |
China |
Electronic Instruments and Controls |
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Subsidiary |
Shanghai |
China |
Electronic Instruments and Controls |
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Subsidiary |
Nanjing |
China |
Electronic Instruments and Controls |
|
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Subsidiary |
Nanjing |
China |
Electronic Instruments and Controls |
|
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Subsidiary |
Hangzhou |
China |
Electronic Instruments and Controls |
|
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Subsidiary |
Nanjing |
China |
Electronic Instruments and Controls |
|
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Subsidiary |
Qingdao |
China |
Electronic Instruments and Controls |
|
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|
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Affiliates |
Seoul |
Korea, Republic of |
Electronic Instruments and Controls |
21,925.7 |
34,832 |
|
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Subsidiary |
Taipei |
Taiwan |
Electronic Instruments and Controls |
|
105 |
|
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Subsidiary |
Singapore |
Singapore |
Electronic Instruments and Controls |
1,381.3 |
28 |
|
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Subsidiary |
San Jose, CA |
United States |
Electronic Instruments and Controls |
|
28 |
|
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Subsidiary |
Shenzhen |
China |
Miscellaneous Capital Goods |
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Subsidiary |
Tokyo |
Japan |
Electronic Instruments and Controls |
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Subsidiary |
Shanghai |
China |
Miscellaneous Capital Goods |
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Subsidiary |
Seoul |
Korea, Republic of |
Electronic Instruments and Controls |
4,109.6 |
7,805 |
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Branch |
Fuzhou |
China |
Electronic Instruments and Controls |
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Subsidiary |
Yantai |
China |
Electronic Instruments and Controls |
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Branch |
Frankfurt |
Germany |
Electronic Instruments and Controls |
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Branch |
Tokyo |
Japan |
Electronic Instruments and Controls |
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Branch |
Anyang-si |
Korea, Republic of |
Electronic Instruments and Controls |
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Subsidiary |
Kobierzyce |
Poland |
Electronic Instruments and Controls |
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Branch |
Taipei |
Taiwan |
Electronic Instruments and Controls |
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Subsidiary |
Jawa Barat |
Indonesia |
Electronic Instruments and Controls |
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Subsidiary |
Seoul |
Korea, Republic of |
Communications Services |
8,354.9 |
6,256 |
|
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Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Computer Services |
29.2 |
167 |
|
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Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Communications Services |
14.7 |
|
|
|
Subsidiary |
Reynosa, Tamaulipas |
Mexico |
Audio and Video Equipment |
|
5,000 |
|
|
Subsidiary |
Noida, Uttar Pradesh |
India |
Appliance and Tool |
2,612.1 |
3,000 |
|
|
Subsidiary |
Mlawa |
Poland |
Audio and Video Equipment |
1,535.1 |
2,497 |
|
|
Subsidiary |
SĂ£o Paulo, SP |
Brazil |
Audio and Video Equipment |
1,785.2 |
2,460 |
|
|
Subsidiary |
Ciudad Apodaca, Nuevo Leon |
Mexico |
Appliance and Tool |
15.0 |
2,300 |
|
|
Subsidiary |
SĂ£o Paulo, SP |
Brazil |
Audio and Video Equipment |
2,197.1 |
2,280 |
|
|
Subsidiary |
Kobierzyce |
Poland |
Appliance and Tool |
1,445.1 |
1,593 |
|
|
Subsidiary |
Gyeongsangbuk-Do |
Korea, Republic of |
Electronic Instruments and Controls |
526.0 |
1,200 |
|
|
Subsidiary |
Gebze, Kocaeli |
Turkey |
Miscellaneous Capital Goods |
|
1,076 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Appliance and Tool |
350.0 |
1,000 |
|
|
Subsidiary |
Huizhou, Guang Dong |
China |
Miscellaneous Capital Goods |
0.0 |
1,000 |
|
|
Subsidiary |
Cairo |
Egypt |
Appliance and Tool |
30.0 |
750 |
|
|
Subsidiary |
Shanghai, Shanghai |
China |
Miscellaneous Capital Goods |
|
750 |
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Business Services |
|
557 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Apparel and Accessories |
136.9 |
556 |
|
|
Subsidiary |
Milano, Milano |
Italy |
Apparel and Accessories |
2.7 |
9 |
|
|
Subsidiary |
Las Rozas De Madrid, Madrid |
Spain |
Appliance and Tool |
1,120.8 |
453 |
|
|
Subsidiary |
Eastern Creek, NSW |
Australia |
Appliance and Tool |
758.4 |
435 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Business Services |
217.3 |
435 |
|
|
Subsidiary |
Oosterhout Nb, Noord-Brabant |
Netherlands |
Miscellaneous Transportation |
43.1 |
50 |
|
|
Subsidiary |
Cardiff |
United Kingdom |
Electronic Instruments and Controls |
|
395 |
|
|
Subsidiary |
Slough |
United Kingdom |
Miscellaneous Capital Goods |
785.3 |
374 |
|
|
Joint Venture |
Seoul |
Korea, Republic of |
Office Equipment |
|
350 |
|
|
Subsidiary |
Pasig |
Philippines |
Business Services |
85.0 |
300 |
|
|
Subsidiary |
Bangkok, Chachangsao |
Thailand |
Audio and Video Equipment |
|
300 |
|
|
Subsidiary |
Rathcoole |
Ireland |
Electronic Instruments and Controls |
1,076.1 |
267 |
|
|
Subsidiary |
Kunshan, Jiangsu |
China |
Appliance and Tool |
172.0 |
204 |
|
|
Subsidiary |
Englewood Cliffs, NJ |
United States |
Computer Hardware |
212.0 |
200 |
|
|
Subsidiary |
San Diego, CA |
United States |
Electronic Instruments and Controls |
|
500 |
|
|
Subsidiary |
Huntsville, AL |
United States |
Audio and Video Equipment |
224.0 |
400 |
|
|
Subsidiary |
San Diego, CA |
United States |
Business Services |
34.5 |
150 |
|
|
Branch |
San Diego, CA |
United States |
Electronic Instruments and Controls |
46.9 |
230 |
|
|
Branch |
Shawnee Mission, KS |
United States |
Electronic Instruments and Controls |
3.9 |
19 |
|
|
Branch |
Bellevue, WA |
United States |
Retail (Technology) |
4.2 |
13 |
|
|
Branch |
Lutz, FL |
United States |
Electronic Instruments and Controls |
5.7 |
28 |
|
|
Branch |
Houston, TX |
United States |
Retail (Technology) |
6.5 |
20 |
|
|
Branch |
Alpharetta, GA |
United States |
Schools |
|
20 |
|
|
Branch |
Doral, FL |
United States |
Retail (Technology) |
4.5 |
14 |
|
|
Branch |
San Jose, CA |
United States |
Electronic Instruments and Controls |
8.1 |
8 |
|
|
Branch |
Englewood Cliffs, NJ |
United States |
Retail (Technology) |
1.6 |
5 |
|
|
Branch |
Rancho Cucamonga, CA |
United States |
Retail (Technology) |
1.6 |
5 |
|
|
Branch |
Pagosa Springs, CO |
United States |
Retail (Technology) |
1.6 |
5 |
|
|
Branch |
Hoffman Estates, IL |
United States |
Retail (Technology) |
1.6 |
5 |
|
|
Branch |
Ontario, CA |
United States |
Retail (Technology) |
1.6 |
5 |
|
|
Branch |
Doral, FL |
United States |
Retail (Technology) |
1.6 |
5 |
|
|
Branch |
Romeoville, IL |
United States |
Business Services |
0.7 |
4 |
|
|
Branch |
Louisville, KY |
United States |
Computer Services |
0.6 |
4 |
|
|
Branch |
Austin, TX |
United States |
Business Services |
0.4 |
3 |
|
|
Branch |
Rogers, AR |
United States |
Business Services |
0.4 |
3 |
|
|
Branch |
Morristown, NJ |
United States |
Retail (Specialty) |
0.4 |
2 |
|
|
Branch |
Troy, MI |
United States |
Retail (Specialty) |
0.4 |
2 |
|
|
Branch |
Mission, TX |
United States |
Retail (Technology) |
0.3 |
1 |
|
|
Subsidiary |
Elandsfontein |
South Africa |
Appliance and Tool |
90.0 |
200 |
|
|
Subsidiary |
Manaus , Amazonas |
Brazil |
Miscellaneous Capital Goods |
85.0 |
200 |
|
|
Subsidiary |
Klongton, Klongtoey, Bangkok |
Thailand |
Appliance and Tool |
|
200 |
|
|
Subsidiary |
Kista |
Sweden |
Appliance and Tool |
375.9 |
187 |
|
|
Subsidiary |
Mississauga, ON |
Canada |
Rental and Leasing |
396.0 |
180 |
|
|
Subsidiary |
Ciudad De Buenos Aires, Ciudad De Buenos Aires |
Argentina |
Advertising |
166.6 |
180 |
|
|
Subsidiary |
Petaling Jaya, Selangor |
Malaysia |
Appliance and Tool |
145.6 |
180 |
|
|
Subsidiary |
Lincolnshire, IL |
United States |
Audio and Video Equipment |
290.7 |
160 |
|
|
Subsidiary |
Panama |
Panama |
Business Services |
|
158 |
|
|
Subsidiary |
Warsaw |
Poland |
Appliance and Tool |
462.0 |
151 |
|
|
Subsidiary |
Casablanca |
Morocco |
Appliance and Tool |
|
120 |
|
|
Subsidiary |
Budapest |
Hungary |
Appliance and Tool |
356.7 |
115 |
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Miscellaneous Capital Goods |
750.0 |
100 |
|
|
Subsidiary |
Prague |
Czech Republic |
Appliance and Tool |
235.2 |
100 |
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Appliance and Tool |
150.0 |
100 |
|
|
Subsidiary |
Villepinte |
France |
Communications Equipment |
30.3 |
74 |
|
|
Subsidiary |
Wien, Wien |
Austria |
Advertising |
181.6 |
70 |
|
|
Subsidiary |
Riga |
Latvia |
Appliance and Tool |
|
70 |
|
|
Subsidiary |
Warsaw |
Poland |
Business Services |
|
70 |
|
|
Subsidiary |
Tokyo |
Japan |
Appliance and Tool |
|
67 |
|
|
Subsidiary |
Naucalpan, Estado De Mexico |
Mexico |
Retail (Technology) |
0.5 |
37 |
|
|
Subsidiary |
Mexicali, Baja California |
Mexico |
Electronic Instruments and Controls |
0.5 |
37 |
|
|
Subsidiary |
Hwasong, Kyonggi-Do |
Korea, Republic of |
Miscellaneous Capital Goods |
|
36 |
|
|
Subsidiary |
North Point |
Hong Kong |
Appliance and Tool |
|
30 |
|
|
Subsidiary |
Singapore |
Singapore |
Appliance and Tool |
220.0 |
15 |
|
|
Subsidiary |
Las Condes, Santiago |
Chile |
Advertising |
4.0 |
9 |
|
|
Subsidiary |
Oslo, Oslo |
Norway |
Miscellaneous Capital Goods |
8.7 |
7 |
|
|
Subsidiary |
Dorokhovo Pos. |
Russian Federation |
Software and Programming |
1,835.5 |
|
|
|
Subsidiary |
Ruzskiy Rayon, Moskovskaya Oblast |
Russian Federation |
Computer Hardware |
1,300.5 |
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Communications Services |
894.3 |
|
|
|
Subsidiary |
Almere |
Netherlands |
Business Services |
875.0 |
|
|
|
Subsidiary |
Bangkok |
Thailand |
Audio and Video Equipment |
781.7 |
|
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Retail (Specialty) |
581.7 |
|
|
|
Subsidiary |
Cota, Cundinamarca |
Colombia |
Appliance and Tool |
531.9 |
|
|
|
Subsidiary |
Gumi |
Korea, Republic of |
Electronic Instruments and Controls |
449.0 |
|
|
|
Subsidiary |
Tehran |
Iran |
Miscellaneous Capital Goods |
350.0 |
|
|
|
Subsidiary |
Amstelveen, Noord-Holland |
Netherlands |
Computer Hardware |
|
|
|
|
Subsidiary |
Ratingen, Nordrhein-Westfalen |
Germany |
Retail (Specialty) |
1,146.8 |
320 |
|
|
Subsidiary |
Roissy CDG |
France |
Appliance and Tool |
1,334.9 |
374 |
|
|
Subsidiary |
San Donato Milanese, Milan |
Italy |
Appliance and Tool |
994.5 |
291 |
|
|
Subsidiary |
Paço de Arcos, Lisboa |
Portugal |
Appliance and Tool |
236.6 |
116 |
|
|
Subsidiary |
Taipei |
Taiwan |
Appliance and Tool |
|
|
|
|
Subsidiary |
New Delhi, |
India |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Deira, Dubai |
United Arab Emirates |
Construction Services |
|
|
|
|
Subsidiary |
Amman |
Jordan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Tashkent |
Uzbekistan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Lima |
Peru |
Appliance and Tool |
|
|
|
|
Subsidiary |
Bucharest |
Romania |
Appliance and Tool |
|
|
|
|
Subsidiary |
Kiev |
Ukraine |
Appliance and Tool |
|
|
|
|
Subsidiary |
Tlalnepantla |
Mexico |
Advertising |
|
|
|
|
Subsidiary |
Sao Paulo |
Brazil |
Advertising |
|
|
|
|
Subsidiary |
Qinhuangdao |
China |
Appliance and Tool |
|
|
|
|
Subsidiary |
Praha 5 |
Czech Republic |
Advertising |
|
|
|
|
Subsidiary |
Ismailia |
Egypt |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Athens |
Greece |
Appliance and Tool |
|
|
|
|
Subsidiary |
Guatemala |
Guatemala |
Appliance and Tool |
|
|
|
|
Subsidiary |
San Donato |
Italy |
Advertising |
|
|
|
|
Subsidiary |
Almaty |
Kazakhstan |
Advertising |
|
|
|
|
Subsidiary |
Mexicali |
Mexico |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Apodaca, Nuevo Leon |
Mexico |
Appliance and Tool |
|
|
|
|
Subsidiary |
Almere |
Netherlands |
Advertising |
|
|
|
|
Subsidiary |
Almere |
Netherlands |
Business Services |
|
|
|
|
Subsidiary |
Almere |
Netherlands |
Business Services |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Appliance and Tool |
|
|
|
|
Subsidiary |
Hanoi |
Viet Nam |
Advertising |
|
|
|
|
Subsidiary |
Riyadh |
Saudi Arabia |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Advertising |
|
|
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Business Services |
|
|
|
|
Subsidiary |
Las Condes, Santiago |
Chile |
Software and Programming |
|
|
|
|
Subsidiary |
Fuzhou |
China |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Istanbul |
Turkey |
Appliance and Tool |
|
|
|
|
Subsidiary |
Almere |
Netherlands |
Business Services |
|
|
|
|
Subsidiary |
Lima |
Peru |
Appliance and Tool |
|
|
|
|
Subsidiary |
Nhu Quynh, Hung Yen |
Viet Nam |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Hangzhou |
China |
Appliance and Tool |
|
|
|
|
Subsidiary |
Germiston |
South Africa |
Appliance and Tool |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Computer Networks |
2,076.2 |
10,000 |
|
|
Subsidiary |
Incheon |
Korea, Republic of |
Engineering Consultants |
560.0 |
550 |
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Business Services |
|
300 |
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Software and Programming |
|
208 |
|
|
Subsidiary |
Bengaluru |
India |
Computer Networks |
|
150 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Business Services |
|
140 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Software and Programming |
411.9 |
70 |
|
|
Subsidiary |
Yongin-Gun |
Korea, Republic of |
Scientific and Technical Instruments |
|
65 |
|
|
Subsidiary |
Jakarta |
Indonesia |
Appliance and Tool |
|
50 |
|
|
Subsidiary |
Sao Paulo |
Brazil |
Computer Networks |
|
40 |
|
|
Subsidiary |
Almere |
Netherlands |
Appliance and Tool |
22.8 |
11 |
|
|
Subsidiary |
Hayes |
United Kingdom |
Business Services |
0.3 |
2 |
|
|
Subsidiary |
Bangalore, Karnataka |
India |
Software and Programming |
7.6 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Appliance and Tool |
|
|
|
|
Affiliates |
Seoul |
Korea, Republic of |
Personal and Household Products |
3,116.2 |
3,451 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Food Processing |
334.4 |
3,000 |
|
|
Subsidiary |
Taipei |
Taiwan |
Personal and Household Products |
|
80 |
|
|
Subsidiary |
Cerritos, CA |
United States |
Personal and Household Products |
|
12 |
|
|
Subsidiary |
Yangsan-Gun |
Korea, Republic of |
Beverages (Non-Alcoholic) |
605.8 |
|
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Personal and Household Products |
201.4 |
|
|
|
Subsidiary |
Minato-Ku, Tokyo |
Japan |
Personal and Household Products |
80.0 |
|
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Beverages (Non-Alcoholic) |
|
|
|
|
Subsidiary |
Shanghai |
China |
Appliance and Tool |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Computer Services |
3,804.5 |
2,763 |
|
|
Affiliates |
Seoul |
Korea, Republic of |
Biotechnology and Drugs |
344.3 |
1,412 |
|
|
Subsidiary |
Gurgaon, Haryana |
India |
Biotechnology and Drugs |
8.4 |
|
|
|
Subsidiary |
London |
United Kingdom |
Biotechnology and Drugs |
|
|
|
|
Subsidiary |
New Delhi |
India |
Business Services |
|
|
|
|
Subsidiary |
Warsaw |
Poland |
Biotechnology and Drugs |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Electronic Instruments and Controls |
12,624.7 |
705 |
|
|
Subsidiary |
Deira |
United Arab Emirates |
Electronic Instruments and Controls |
|
1,360 |
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Photography |
101.7 |
116 |
|
|
Subsidiary |
Central, Hong Kong Island |
Hong Kong |
Miscellaneous Capital Goods |
|
100 |
|
|
Subsidiary |
Taipei |
Taiwan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Bogota, Cundinamarca |
Colombia |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Jakarta Selatan |
Indonesia |
Chemical Manufacturing |
|
100 |
|
|
Subsidiary |
Bangkok |
Thailand |
Miscellaneous Capital Goods |
|
100 |
|
|
Subsidiary |
Kwangju, Kwangju |
Korea, Republic of |
Auto and Truck Parts |
|
45 |
|
|
Subsidiary |
Cerritos, CA |
United States |
Electronic Instruments and Controls |
|
40 |
|
|
Branch |
Sydney, NSW |
Australia |
Engineering Consultants |
|
4 |
|
|
Branch |
Tehran |
Iran |
Engineering Consultants |
|
|
|
|
Branch |
Santiago |
Chile |
Business Services |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Electronic Instruments and Controls |
1,035.6 |
34 |
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Beverages (Alcoholic) |
4.5 |
22 |
|
|
Subsidiary |
Frankfurt Am Main, Hessen |
Germany |
Miscellaneous Capital Goods |
592.2 |
10 |
|
|
Subsidiary |
Ho Chi Minh City |
Viet Nam |
Audio and Video Equipment |
|
6 |
|
|
Branch |
Pasig |
Philippines |
Electronic Instruments and Controls |
|
6 |
|
|
Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
|
1 |
|
|
Subsidiary |
Osaka |
Japan |
Appliance and Tool |
2,120.9 |
|
|
|
Subsidiary |
Chaoyang District, Beijing |
China |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Buenos Aires, Buenos Aires |
Argentina |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Warsaw |
Poland |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Jeddah, Makkah |
Saudi Arabia |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Amman |
Jordan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Sao Paulo |
Brazil |
Appliance and Tool |
|
|
|
|
Subsidiary |
Gumi-si, Gyeongsangbuk-do |
Korea, Republic of |
Electronic Instruments and Controls |
304.4 |
577 |
|
|
Subsidiary |
Kumi, Kyongsangbuk-Do |
Korea, Republic of |
Semiconductors |
343.1 |
555 |
|
|
Subsidiary |
Bengaluru |
India |
Software and Programming |
|
500 |
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Business Services |
31.1 |
208 |
|
|
Subsidiary |
Holland, MI |
United States |
Chemical Manufacturing |
|
200 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Business Services |
|
107 |
|
|
Branch |
Ichun |
Korea, Republic of |
Schools |
1.0 |
100 |
|
|
Subsidiary |
Taipei |
Taiwan |
Electronic Instruments and Controls |
|
100 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Business Services |
29.4 |
50 |
|
|
Subsidiary |
Seoul, Yeongdeungpo-gu |
Korea, Republic of |
Construction Services |
1,412.4 |
|
|
|
Subsidiary |
Nanjing |
China |
Engineering Consultants |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Communications Equipment |
708.6 |
|
|
|
Subsidiary |
Mapo-Gu |
Korea, Republic of |
Computer Hardware |
1.0 |
|
|
|
Subsidiary |
Bangalore |
India |
Software and Programming |
|
|
|
|
Subsidiary |
|
|
|
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Appliance and Tool |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Appliance and Tool |
|
|
|
|
Subsidiary |
Shenzhen |
China |
Investment Services |
|
|
|
|
Subsidiary |
Guangzhou |
China |
Fabricated Plastic and Rubber |
|
|
|
|
Subsidiary |
Huizhou, Guangdong |
China |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Oosterhout |
Netherlands |
Business Services |
|
|
|
|
Subsidiary |
Tianjin |
China |
Construction - Supplies and Fixtures |
|
|
|
|
Subsidiary |
Kunshan, Jiangsu |
China |
Appliance and Tool |
|
|
|
|
Subsidiary |
Sao Paulo |
Brazil |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Paris |
France |
Semiconductors |
|
|
|
|
Subsidiary |
Gurgaon, Haryana |
India |
Chemical Manufacturing |
|
|
Competitors Report
|
Company Name |
Location |
Employees |
Ownership |
|
Daewoo International Corporation |
Seoul, Korea, Republic of |
1,925 |
Public |
|
GS Global Corp |
Seoul, Korea, Republic of |
238 |
Public |
|
Hyundai Corporation |
Seoul, Korea, Republic of |
361 |
Public |
|
Korea Gas Corp |
Seongnam, Korea, Republic of |
2,927 |
Public |
|
Samsung Group |
Seoul, Korea, Republic of |
263,000 |
Private |
|
Seoul City Gas Co Ltd |
Seoul, Korea, Republic of |
598 |
Public |
|
SK Holdings Co, Ltd. |
Seoul, Korea, Republic of |
183 |
Public |
|
SK Innovation Co Ltd |
Seoul, Korea, Republic of |
1,838 |
Public |
executive report
|
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Significant Developments
LG International Corporation to Acquire PT. Ganda Alam Makmur Jun 29, 2012
LG International Corporation announced that it will acquire 201 million shares of Acquire PT. Ganda Alam Makmur, which is mainly engaged in the coal development, for KRW 242,838,683,372, to secure mine operating capability, on July 19, 2012. After the transaction, the Company holds 201 million shares, or 60% of Acquire PT. Ganda Alam Makmur.
LG International Corporation Announces Changes in Shareholding Structure Mar 21, 2012
LG International Corporation announced that Norges Bank has acquired 1,996,919 shares of the Company, representing a 5.15% stake.
LG International Corporation Declares Annual Cash Dividend for FY 2011 Jan 26, 2012
LG International Corporation announced that it has declared an annual
cash dividend of KRW 500 per share of common stock to shareholders of record on
December 31, 2011 for the fiscal year 2011. The dividend rate of market price
is 1.02% and the total amount of the cash dividend is KRW 19,329,624,500. The
Company's annual cash dividend for fiscal year 2010 was KRW 350 per share.
LG International Corporation to Acquire PT. Indonesia Renewable Resources Nov 07, 2011
LG International Corporation announced that it will acquire 28 million shares of PT. Indonesia Renewable Resources, for KRW 31,152,800,000, to construct infra and propel business normalization. The expected transaction settlement date is November 30, 2011. After the transaction, the Company will hold 52 million shares, or 100% of PT. Indonesia Renewable Resources.
LG International Corporation to Sell Shares of Korea-based Company Nov 07, 2011
LG International Corporation announced that it has decided to sell 15,400,000 shares of a Korea-based company. After the transaction, the Company will hold 9,218,240 shares, or 11.97% of the Korea-based company.
LG International Corporation to Acquire Stake in GeoPark Chile S.A. Oct 04, 2011
LG International Corporation announced that it has decided to acquire 12,500,000 shares of GeoPark Chile S.A., for KRW 113,097,600,000, to expand business. After the transaction, the Company holds 22,500,000 shares, or 20% of GeoPark Chile S.A.
LG International Corporation to Inject Capital to Subsidiary Sep 30, 2011
LG International Corporation announced that it will acquire 21 million new shares of its wholly owned subsidiary, LG International (Australia) Pty Ltd., for KRW 24,159,030,000, to secure its mine stake in Australia.
Geopark Holdings Ltd Sells An Additional 10% Stake In Its Chilean Upstream Business To LG International Corporation Sep 19, 2011
Geopark Holdings Ltd announced an in-principle agreement with LG International Corporation (LGI), for LGI to acquire an additional 10% interest in GeoPark's Chile business for USD78 million in cash (Transaction). The Transaction is expected to be completed in mid October 2011, and follows on from the sale of an initial 10% interest in GeoPark's Chilean business to LGI for USD70 million in cash, which completed in May 2011. The Transaction comprises a package of commercial arrangements agreed between GeoPark and LGI that includes; LGI taking a 14% direct interest in GeoPark TdF, the subsidiary of GeoPark Chile which is currently applying with ENAP, the State Oil Company of Chile, for three new hydrocarbon blocks in Tierra del Fuego and which is subject to regulatory approval. As a result of regulatory delays in Kazakhstan, GeoPark will no longer make a USD10 million investment into the drilling of the LGI-operated Sholkara prospect in Block 8 in Kazakhstan, as previously announced. GeoPark will instead earn a 1% net profits interest for a period of 10 years in the event of a successful discovery and development in exchange for providing certain technical services.
News
|
Galaxy moving toward feasibility study at
Sal de Vida |
28-Aug-2012 |
|
Galaxy Resources Limited (ASX:GXY) Outlines
Development Strategy for Sal De Vida |
28-Aug-2012 |
|
Interfax Ukraine Business Daily. Ukraine
Business Report Daily (6098 Words) |
17-Aug-2012 |
|
Cook in the frame for top award |
14-Aug-2012 |
|
Broad in running for international award |
14-Aug-2012 |
|
Clarke and Modi libel case settled |
14-Aug-2012 |
|
Galaxy Resources Limited (ASX:GXY)
Quarterly Activities and Cashflow Report - June 2012 |
02-Aug-2012 |
|
Orocobre Gets Approval for Argentina
Lithium Mine; Plans Construction Launch |
25-Jul-2012 |
|
Jotun takes on Oman oil and gas sector's
challenges |
23-Jul-2012 |
|
Mott MacDonald maintains steady growth in
Oman |
23-Jul-2012 |
Articles
|
Bolivia : KOREA, BOLIVIA to build joint
lithium facility |
11-Jul-2012 |
|
Bolivia,Korea Republic of : KOREA and
BOLIVIA ink joint lithium venture deal |
10-Jul-2012 |
|
CANADA : Lithium One Closes C$9.8 Million
Non-Brokered Private Placement |
25-Feb-2012 |
|
Oman - The Other Gas Operators |
06-Feb-2012 |
|
LG International to build petrochemical
factory in Papua to cost US$ 3 billion |
01-Nov-2011 |
|
OMAN : RAK Petroleum to drill more wells
in Block 8 |
06-Sep-2011 |
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 |
Restated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
12,624.7 |
12,441.7 |
8,089.7 |
10,248.1 |
9,485.8 |
|
Revenue |
12,624.7 |
12,441.7 |
8,089.7 |
10,248.1 |
9,485.8 |
|
Total Revenue |
12,624.7 |
12,441.7 |
8,089.7 |
10,248.1 |
9,485.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
12,056.6 |
11,863.2 |
7,623.7 |
9,678.6 |
9,098.9 |
|
Cost of Revenue, Total |
12,056.6 |
11,863.2 |
7,623.7 |
9,678.6 |
9,098.9 |
|
Gross Profit |
568.1 |
578.5 |
466.0 |
569.5 |
386.9 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
301.9 |
266.4 |
223.2 |
379.9 |
279.2 |
|
Labor & Related Expense |
95.1 |
85.6 |
73.2 |
- |
- |
|
Advertising Expense |
13.3 |
12.5 |
10.9 |
- |
- |
|
Total Selling/General/Administrative Expenses |
410.3 |
364.4 |
307.3 |
379.9 |
279.2 |
|
Depreciation |
6.8 |
4.8 |
5.8 |
- |
- |
|
Amortization of Intangibles |
4.3 |
2.7 |
7.2 |
- |
- |
|
Depreciation/Amortization |
11.1 |
7.5 |
13.0 |
- |
- |
|
Investment Income -
Operating |
-30.5 |
-17.7 |
- |
- |
- |
|
Interest/Investment Income - Operating |
-30.5 |
-17.7 |
- |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
-30.5 |
-17.7 |
- |
- |
- |
|
Impairment-Assets Held for Use |
27.4 |
25.3 |
- |
- |
- |
|
Loss (Gain) on Sale of Assets - Operating |
0.8 |
0.1 |
- |
- |
- |
|
Unusual Expense (Income) |
28.2 |
25.4 |
- |
- |
- |
|
Other Operating Expense |
14.4 |
20.2 |
- |
- |
- |
|
Other, Net |
-46.6 |
-21.5 |
- |
- |
- |
|
Other Operating Expenses, Total |
-32.2 |
-1.4 |
- |
- |
- |
|
Total Operating Expense |
12,443.5 |
12,241.5 |
7,944.1 |
10,058.5 |
9,378.1 |
|
|
|
|
|
|
|
|
Operating Income |
181.2 |
200.2 |
145.6 |
189.6 |
107.7 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-43.2 |
-33.5 |
-38.0 |
-47.4 |
-45.6 |
|
Interest Expense, Net Non-Operating |
-43.2 |
-33.5 |
-38.0 |
-47.4 |
-45.6 |
|
Interest Income -
Non-Operating |
15.0 |
15.2 |
19.8 |
24.6 |
21.4 |
|
Investment Income -
Non-Operating |
175.2 |
195.1 |
4.2 |
-59.8 |
29.9 |
|
Interest/Investment Income - Non-Operating |
190.2 |
210.3 |
23.9 |
-35.1 |
51.3 |
|
Interest Income (Expense) - Net Non-Operating |
0.0 |
0.0 |
- |
- |
- |
|
Interest Income (Expense) - Net Non-Operating Total |
147.0 |
176.8 |
-14.0 |
-82.6 |
5.7 |
|
Gain (Loss) on Sale of Assets |
- |
- |
-0.2 |
3.9 |
-1.6 |
|
Other Non-Operating Income (Expense) |
7.9 |
-19.4 |
-32.4 |
-53.2 |
-47.0 |
|
Other, Net |
7.9 |
-19.4 |
-32.4 |
-53.2 |
-47.0 |
|
Income Before Tax |
336.2 |
357.6 |
99.0 |
57.8 |
64.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
99.9 |
77.2 |
23.6 |
23.8 |
16.9 |
|
Income After Tax |
236.3 |
280.4 |
75.5 |
34.0 |
47.8 |
|
|
|
|
|
|
|
|
Minority Interest |
-12.6 |
-4.3 |
-2.3 |
6.1 |
3.8 |
|
Net Income Before Extraord Items |
223.6 |
276.1 |
73.2 |
40.1 |
51.6 |
|
Net Income |
223.6 |
276.1 |
73.2 |
40.1 |
51.6 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
223.6 |
276.1 |
73.2 |
40.1 |
51.6 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
223.6 |
276.1 |
73.2 |
40.1 |
51.6 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
38.7 |
38.7 |
38.7 |
38.7 |
38.7 |
|
Basic EPS Excl Extraord Items |
5.79 |
7.14 |
1.89 |
1.04 |
1.33 |
|
Basic/Primary EPS Incl Extraord Items |
5.79 |
7.14 |
1.89 |
1.04 |
1.33 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
- |
- |
|
Diluted Net Income |
223.6 |
276.1 |
73.2 |
40.1 |
51.6 |
|
Diluted Weighted Average Shares |
38.7 |
38.7 |
38.7 |
38.7 |
38.7 |
|
Diluted EPS Excl Extraord Items |
5.79 |
7.14 |
1.89 |
1.04 |
1.33 |
|
Diluted EPS Incl Extraord Items |
5.79 |
7.14 |
1.89 |
1.04 |
1.33 |
|
Dividends per Share - Common Stock Primary Issue |
0.45 |
0.30 |
0.16 |
0.18 |
0.38 |
|
Gross Dividends - Common Stock |
17.4 |
11.7 |
6.1 |
7.0 |
14.6 |
|
Interest Expense, Supplemental |
43.2 |
33.5 |
38.0 |
47.4 |
45.6 |
|
Depreciation, Supplemental |
8.6 |
4.9 |
5.9 |
4.0 |
4.7 |
|
Total Special Items |
28.2 |
25.4 |
3.3 |
-0.1 |
2.9 |
|
Normalized Income Before Tax |
364.4 |
383.0 |
102.4 |
57.7 |
67.5 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
8.4 |
5.5 |
0.1 |
-1.6 |
0.4 |
|
Inc Tax Ex Impact of Sp Items |
108.2 |
82.7 |
23.6 |
22.2 |
17.3 |
|
Normalized Income After Tax |
256.1 |
300.3 |
78.8 |
35.5 |
50.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
243.5 |
296.0 |
76.5 |
41.6 |
54.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
6.30 |
7.66 |
1.98 |
1.08 |
1.40 |
|
Diluted Normalized EPS |
6.30 |
7.66 |
1.98 |
1.08 |
1.40 |
|
Amort of Acquisition Costs, Supplemental |
- |
- |
3.1 |
3.8 |
1.2 |
|
Amort of Intangibles, Supplemental |
55.8 |
32.6 |
4.0 |
3.6 |
5.1 |
|
Rental Expenses |
13.1 |
8.8 |
7.0 |
- |
- |
|
Advertising Expense, Supplemental |
13.3 |
12.5 |
10.9 |
- |
- |
|
Normalized EBIT |
178.9 |
207.9 |
145.6 |
189.6 |
107.7 |
|
Normalized EBITDA |
243.4 |
245.4 |
158.7 |
201.0 |
118.6 |
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 |
Restated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
339.1 |
176.2 |
149.1 |
206.2 |
152.9 |
|
Short Term Investments |
134.6 |
16.9 |
2.5 |
33.0 |
0.8 |
|
Cash and Short Term Investments |
473.8 |
193.1 |
151.6 |
239.2 |
153.6 |
|
Accounts Receivable -
Trade, Gross |
1,525.6 |
1,429.7 |
1,110.1 |
1,151.6 |
- |
|
Provision for Doubtful
Accounts |
-89.8 |
-94.1 |
-87.0 |
-82.9 |
- |
|
Trade Accounts Receivable - Net |
1,454.4 |
1,355.0 |
1,039.6 |
1,080.3 |
1,007.4 |
|
Other Receivables |
79.9 |
67.8 |
85.1 |
235.7 |
92.7 |
|
Total Receivables, Net |
1,534.3 |
1,422.8 |
1,124.6 |
1,316.1 |
1,100.1 |
|
Inventories - Finished Goods |
557.9 |
713.9 |
363.3 |
440.3 |
331.5 |
|
Inventories - Work In Progress |
- |
- |
0.9 |
1.1 |
1.1 |
|
Inventories - Raw Materials |
12.2 |
12.4 |
0.7 |
5.9 |
19.3 |
|
Inventories - Other |
72.2 |
87.6 |
69.6 |
80.8 |
130.2 |
|
Total Inventory |
642.3 |
814.0 |
434.4 |
528.2 |
482.1 |
|
Prepaid Expenses |
7.3 |
11.5 |
6.5 |
6.5 |
8.1 |
|
Deferred Income Tax - Current Asset |
- |
- |
34.2 |
30.8 |
25.7 |
|
Other Current Assets |
45.3 |
27.5 |
11.9 |
98.6 |
13.5 |
|
Other Current Assets, Total |
45.3 |
27.5 |
46.1 |
129.4 |
39.3 |
|
Total Current Assets |
2,703.0 |
2,468.9 |
1,763.3 |
2,219.4 |
1,783.2 |
|
|
|
|
|
|
|
|
Buildings |
48.0 |
45.9 |
39.2 |
31.7 |
41.8 |
|
Land/Improvements |
13.7 |
18.6 |
18.1 |
15.3 |
20.4 |
|
Machinery/Equipment |
32.4 |
25.6 |
9.2 |
6.5 |
6.5 |
|
Construction in
Progress |
21.1 |
17.1 |
7.7 |
3.5 |
4.4 |
|
Other
Property/Plant/Equipment |
21.5 |
20.3 |
15.6 |
11.4 |
17.9 |
|
Property/Plant/Equipment - Gross |
136.6 |
127.5 |
89.9 |
68.4 |
91.0 |
|
Accumulated Depreciation |
-34.0 |
-33.4 |
-26.8 |
-19.6 |
-27.0 |
|
Property/Plant/Equipment - Net |
136.4 |
112.4 |
63.0 |
48.8 |
64.0 |
|
Goodwill, Net |
18.2 |
18.9 |
7.1 |
9.0 |
18.7 |
|
Intangibles, Net |
421.3 |
285.1 |
32.8 |
25.1 |
25.4 |
|
LT Investment - Affiliate Companies |
560.7 |
680.1 |
456.7 |
361.9 |
306.4 |
|
LT Investments - Other |
300.3 |
71.0 |
178.4 |
158.4 |
127.8 |
|
Long Term Investments |
861.0 |
751.1 |
635.1 |
520.3 |
434.1 |
|
Note Receivable - Long Term |
129.6 |
133.2 |
166.7 |
137.3 |
64.1 |
|
Deferred Income Tax - Long Term Asset |
5.8 |
4.5 |
2.7 |
- |
13.3 |
|
Other Long Term Assets |
13.7 |
19.7 |
36.9 |
22.1 |
33.4 |
|
Other Long Term Assets, Total |
19.5 |
24.2 |
39.6 |
22.1 |
46.7 |
|
Total Assets |
4,289.1 |
3,793.7 |
2,707.7 |
2,982.0 |
2,436.3 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,155.7 |
1,235.4 |
1,096.4 |
1,041.7 |
758.4 |
|
Accrued Expenses |
33.1 |
23.8 |
17.3 |
19.1 |
19.7 |
|
Notes Payable/Short Term Debt |
714.4 |
727.8 |
252.9 |
629.1 |
626.1 |
|
Current Portion - Long Term Debt/Capital Leases |
172.2 |
115.2 |
163.1 |
99.7 |
25.8 |
|
Dividends Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Customer Advances |
54.0 |
49.9 |
19.5 |
28.5 |
25.8 |
|
Security Deposits |
2.9 |
3.4 |
1.3 |
0.0 |
0.0 |
|
Income Taxes Payable |
58.0 |
12.1 |
4.3 |
18.2 |
5.7 |
|
Other Payables |
208.8 |
155.6 |
161.2 |
256.4 |
93.5 |
|
Other Current Liabilities |
32.8 |
25.9 |
11.7 |
24.3 |
16.1 |
|
Other Current liabilities, Total |
356.5 |
246.9 |
198.1 |
327.3 |
141.1 |
|
Total Current Liabilities |
2,432.0 |
2,349.0 |
1,727.7 |
2,116.9 |
1,571.2 |
|
|
|
|
|
|
|
|
Long Term Debt |
656.5 |
481.5 |
396.7 |
389.6 |
320.3 |
|
Total Long Term Debt |
656.5 |
481.5 |
396.7 |
389.6 |
320.3 |
|
Total Debt |
1,543.2 |
1,324.4 |
812.6 |
1,118.4 |
972.2 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
11.6 |
29.7 |
12.1 |
10.1 |
4.1 |
|
Deferred Income Tax |
11.6 |
29.7 |
12.1 |
10.1 |
4.1 |
|
Minority Interest |
13.5 |
-1.7 |
-10.9 |
-13.0 |
-7.2 |
|
Reserves |
3.3 |
15.0 |
- |
- |
- |
|
Pension Benefits - Underfunded |
4.2 |
4.1 |
5.2 |
5.0 |
9.6 |
|
Other Long Term Liabilities |
5.2 |
5.6 |
3.9 |
3.1 |
4.0 |
|
Other Liabilities, Total |
12.8 |
24.7 |
9.2 |
8.0 |
13.6 |
|
Total Liabilities |
3,126.4 |
2,883.2 |
2,134.8 |
2,511.6 |
1,902.0 |
|
|
|
|
|
|
|
|
Common Stock |
168.2 |
170.8 |
166.4 |
153.9 |
207.0 |
|
Common Stock |
168.2 |
170.8 |
166.4 |
153.9 |
207.0 |
|
Additional Paid-In Capital |
73.3 |
74.4 |
89.3 |
82.6 |
111.1 |
|
Retained Earnings (Accumulated Deficit) |
779.2 |
585.5 |
277.9 |
188.4 |
209.6 |
|
Treasury Stock - Common |
-0.8 |
-0.9 |
-0.8 |
-0.8 |
-1.0 |
|
Unrealized Gain (Loss) |
90.2 |
38.2 |
7.8 |
9.0 |
-8.1 |
|
Translation Adjustment |
37.9 |
27.6 |
32.3 |
37.4 |
3.2 |
|
Other Equity |
14.6 |
14.9 |
- |
- |
12.4 |
|
Other Comprehensive Income |
0.0 |
0.0 |
- |
- |
- |
|
Other Equity, Total |
52.5 |
42.6 |
32.3 |
37.4 |
15.7 |
|
Total Equity |
1,162.6 |
910.5 |
572.9 |
470.4 |
534.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
4,289.1 |
3,793.7 |
2,707.7 |
2,982.0 |
2,436.3 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
38.7 |
38.7 |
38.7 |
38.7 |
38.7 |
|
Total Common Shares Outstanding |
38.7 |
38.7 |
38.7 |
38.7 |
38.7 |
|
Treasury Shares - Common Stock Primary Issue |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employees |
706 |
- |
623 |
651 |
568 |
|
Number of Common Shareholders |
28,613 |
- |
20,679 |
21,050 |
27,890 |
|
Deferred Revenue - Current |
54.0 |
49.9 |
19.5 |
28.5 |
25.8 |
|
Total Long Term Debt, Supplemental |
- |
- |
560.1 |
489.4 |
346.3 |
|
Long Term Debt Maturing within 1 Year |
- |
- |
163.1 |
99.7 |
25.8 |
|
Long Term Debt Maturing in Year 2 |
- |
- |
98.8 |
187.1 |
59.6 |
|
Long Term Debt Maturing in Year 3 |
- |
- |
172.5 |
70.7 |
159.2 |
|
Long Term Debt Maturing in Year 4 |
- |
- |
18.0 |
57.1 |
16.1 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
26.9 |
34.6 |
18.8 |
|
Long Term Debt Maturing in 2-3 Years |
- |
- |
271.3 |
257.8 |
218.8 |
|
Long Term Debt Maturing in 4-5 Years |
- |
- |
44.9 |
91.6 |
34.8 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
- |
80.7 |
40.2 |
66.8 |
|
Total Operating Leases, Supplemental |
- |
- |
6.8 |
10.2 |
- |
|
Operating Lease Payments Due in Year 1 |
- |
- |
1.6 |
2.0 |
- |
|
Operating Lease Payments Due in Year 2 |
- |
- |
1.6 |
2.0 |
- |
|
Operating Lease Payments Due in Year 3 |
- |
- |
1.6 |
2.0 |
- |
|
Operating Lease Payments Due in Year 4 |
- |
- |
1.2 |
1.9 |
- |
|
Operating Lease Pymts. Due in 2-3 Years |
- |
- |
3.2 |
3.9 |
- |
|
Operating Lease Pymts. Due in 4-5 Years |
- |
- |
1.2 |
1.9 |
- |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
- |
- |
0.8 |
2.4 |
- |
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 |
Restated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
236.3 |
280.4 |
75.5 |
34.0 |
47.8 |
|
Depreciation |
8.6 |
4.9 |
5.9 |
4.0 |
4.7 |
|
Depreciation/Depletion |
8.6 |
4.9 |
5.9 |
4.0 |
4.7 |
|
Amortization of Intangibles |
55.8 |
32.6 |
7.2 |
7.4 |
6.3 |
|
Amortization |
55.8 |
32.6 |
7.2 |
7.4 |
6.3 |
|
Deferred Taxes |
- |
- |
-2.2 |
-0.9 |
-3.1 |
|
Unusual Items |
- |
- |
10.5 |
-62.3 |
20.3 |
|
Equity in Net Earnings (Loss) |
- |
- |
-29.8 |
0.0 |
-0.4 |
|
Other Non-Cash Items |
-15.8 |
-20.8 |
13.4 |
165.1 |
7.8 |
|
Non-Cash Items |
-15.8 |
-20.8 |
-5.9 |
102.9 |
27.7 |
|
Accounts Receivable |
-113.7 |
50.6 |
269.8 |
-160.7 |
142.9 |
|
Inventories |
179.3 |
-351.8 |
201.8 |
-96.2 |
43.6 |
|
Prepaid Expenses |
- |
- |
0.6 |
-4.0 |
-9.8 |
|
Other Assets |
-8.1 |
-11.3 |
2.2 |
-13.8 |
-5.8 |
|
Accounts Payable |
-72.7 |
101.0 |
-133.6 |
253.6 |
-236.0 |
|
Accrued Expenses |
- |
- |
-3.1 |
1.9 |
14.7 |
|
Taxes Payable |
- |
- |
-14.0 |
20.4 |
-16.5 |
|
Other Liabilities |
-3.5 |
44.3 |
-18.8 |
-0.1 |
5.3 |
|
Other Assets & Liabilities, Net |
0.0 |
0.0 |
0.3 |
0.0 |
-0.2 |
|
Other Operating Cash Flow |
-71.0 |
-104.0 |
- |
- |
- |
|
Changes in Working Capital |
-89.7 |
-271.2 |
305.3 |
1.2 |
-62.0 |
|
Cash from Operating Activities |
195.2 |
25.9 |
385.8 |
148.5 |
21.3 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-112.2 |
-14.6 |
-48.5 |
-101.4 |
-63.0 |
|
Purchase/Acquisition of Intangibles |
-148.5 |
-41.6 |
-4.3 |
-6.4 |
-1.6 |
|
Capital Expenditures |
-260.8 |
-56.2 |
-52.8 |
-107.8 |
-64.6 |
|
Sale of Business |
- |
- |
- |
24.7 |
- |
|
Sale of Fixed Assets |
55.4 |
1.5 |
1.3 |
11.6 |
8.6 |
|
Sale/Maturity of Investment |
323.6 |
74.4 |
36.5 |
150.2 |
156.4 |
|
Purchase of Investments |
-286.3 |
-110.6 |
-44.1 |
-221.6 |
-149.5 |
|
Sale of Intangible Assets |
16.4 |
- |
0.1 |
0.0 |
- |
|
Other Investing Cash Flow |
4.7 |
19.0 |
-5.9 |
-53.2 |
-23.7 |
|
Other Investing Cash Flow Items, Total |
113.8 |
-15.8 |
-12.0 |
-88.3 |
-8.1 |
|
Cash from Investing Activities |
-147.0 |
-72.0 |
-64.9 |
-196.1 |
-72.7 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
132.0 |
66.7 |
-147.7 |
-10.6 |
-48.4 |
|
Financing Cash Flow Items |
132.0 |
66.7 |
-147.7 |
-10.6 |
-48.4 |
|
Cash Dividends Paid - Common |
-12.2 |
-6.7 |
-6.3 |
-13.5 |
-20.8 |
|
Total Cash Dividends Paid |
-12.2 |
-6.7 |
-6.3 |
-13.5 |
-20.8 |
|
Short Term Debt Issued |
- |
- |
- |
- |
562.2 |
|
Short Term Debt
Reduction |
- |
- |
-382.6 |
-81.7 |
-450.6 |
|
Short Term Debt, Net |
- |
- |
-382.6 |
-81.7 |
111.6 |
|
Long Term Debt Issued |
- |
- |
240.9 |
230.5 |
171.4 |
|
Long Term Debt
Reduction |
- |
- |
-55.9 |
-10.0 |
-44.6 |
|
Long Term Debt, Net |
- |
- |
184.9 |
220.5 |
126.8 |
|
Issuance (Retirement) of Debt, Net |
- |
- |
-197.7 |
138.7 |
238.4 |
|
Cash from Financing Activities |
119.8 |
60.0 |
-351.7 |
114.6 |
169.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
4.2 |
2.7 |
-36.7 |
38.9 |
1.0 |
|
Net Change in Cash |
172.2 |
16.7 |
-67.4 |
105.9 |
118.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
180.5 |
156.2 |
203.4 |
130.0 |
35.2 |
|
Net Cash - Ending Balance |
352.6 |
172.9 |
136.0 |
235.9 |
154.0 |
|
Cash Interest Paid |
40.6 |
38.6 |
- |
- |
- |
|
Cash Taxes Paid |
82.4 |
88.1 |
- |
- |
- |
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 |
Restated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Sales Revenue |
12,624.7 |
12,441.7 |
8,089.7 |
10,248.1 |
9,485.8 |
|
Total Revenue |
12,624.7 |
12,441.7 |
8,089.7 |
10,248.1 |
9,485.8 |
|
|
|
|
|
|
|
|
Costs of Goods and Services Sold |
12,056.6 |
11,863.2 |
7,623.7 |
9,678.6 |
9,098.9 |
|
Selling/General/Adm. |
- |
- |
- |
379.9 |
279.2 |
|
Salaries and Wages |
75.1 |
68.7 |
57.9 |
- |
- |
|
Retirement & Severance Benefits |
5.2 |
4.5 |
4.7 |
- |
- |
|
Employee Benefits |
14.8 |
12.3 |
10.6 |
- |
- |
|
Travel Expense |
8.9 |
7.3 |
5.0 |
- |
- |
|
Communication Expenses |
2.4 |
2.2 |
1.7 |
- |
- |
|
Utility Expense |
1.6 |
1.1 |
0.5 |
- |
- |
|
Taxes and Dues |
16.1 |
3.0 |
3.4 |
- |
- |
|
Expense-Consumable Goods |
0.6 |
0.6 |
0.4 |
- |
- |
|
Publication Expenses |
0.5 |
0.3 |
1.0 |
- |
- |
|
Rental Expenses |
13.1 |
8.8 |
7.0 |
- |
- |
|
Vehicle Maintenance Expenses |
1.3 |
1.1 |
0.9 |
- |
- |
|
Repair Expense |
0.5 |
0.5 |
3.8 |
- |
- |
|
Insurance Expense |
7.2 |
5.7 |
3.2 |
- |
- |
|
Commissions |
75.2 |
43.2 |
41.3 |
- |
- |
|
Sales Commissions |
16.7 |
41.9 |
35.3 |
- |
- |
|
Purchase Commission |
2.5 |
1.7 |
1.6 |
- |
- |
|
Storage Expense |
5.3 |
4.4 |
3.1 |
- |
- |
|
Shipping & Handling Expense |
116.5 |
108.4 |
90.3 |
- |
- |
|
Cargo Work Expense |
4.7 |
3.2 |
2.4 |
- |
- |
|
Packaging Expenses |
0.3 |
0.3 |
0.0 |
- |
- |
|
Entertainment Expense |
4.5 |
4.4 |
3.1 |
- |
- |
|
Advertising Expense |
13.3 |
12.5 |
10.9 |
- |
- |
|
Education Expense |
2.5 |
2.3 |
1.7 |
- |
- |
|
Overseas Branch Management Expense |
19.5 |
17.5 |
15.6 |
- |
- |
|
Sample Expenses |
0.4 |
0.4 |
0.2 |
- |
- |
|
Customs Expense |
0.9 |
0.5 |
0.5 |
- |
- |
|
Conference Expense |
0.2 |
0.3 |
0.2 |
- |
- |
|
Expenses of Allowance for Doubtful Accou |
0.2 |
7.1 |
1.0 |
- |
- |
|
Depreciation |
6.8 |
4.8 |
5.8 |
- |
- |
|
Amortization of Intangible Assets |
4.3 |
2.7 |
7.2 |
- |
- |
|
Other Sales & Administrative Expense |
- |
- |
0.0 |
- |
- |
|
Adjustment for Selling and Administrativ |
0.0 |
0.0 |
- |
- |
- |
|
Gain on Foreign Currency Transactions |
-244.1 |
-264.2 |
- |
- |
- |
|
Gain on Foreign Currency Translation |
-23.2 |
-19.4 |
- |
- |
- |
|
Gain on Derivative Transactions |
-34.0 |
-27.3 |
- |
- |
- |
|
Gain on Valuation of Derivatives |
-13.4 |
-8.8 |
- |
- |
- |
|
Gain on Valuation of Confirmed Contracts |
-15.9 |
-7.1 |
- |
- |
- |
|
Gain on Disposal of Intangible Assets |
-0.2 |
- |
- |
- |
- |
|
Gain on Disposal of Property, Plant and |
-1.1 |
-0.2 |
- |
- |
- |
|
Miscellaneous Income |
-46.0 |
-21.5 |
- |
- |
- |
|
Reversal of Allowance for Doubtful Accou |
-0.6 |
-0.1 |
- |
- |
- |
|
Recovery of Impairment Loss on Intangibl |
-0.5 |
- |
- |
- |
- |
|
Adjustment for Other Operating Income |
0.0 |
0.0 |
- |
- |
- |
|
Other Allowance for Doubtful Accounts |
1.0 |
1.2 |
- |
- |
- |
|
Loss on Foreign Currency Transactions |
241.8 |
266.6 |
- |
- |
- |
|
Loss on Foreign Currency Translation |
23.9 |
15.3 |
- |
- |
- |
|
Loss on Derivative Transactions |
18.6 |
17.4 |
- |
- |
- |
|
Loss on Valuation of Derivatives |
15.8 |
9.9 |
- |
- |
- |
|
Loss on Valuation of Confirmed Contracts |
9.7 |
8.8 |
- |
- |
- |
|
Loss on Disposal of Property, Plant and |
1.1 |
0.3 |
- |
- |
- |
|
Loss on Disposal of Intangible Assets |
1.0 |
- |
- |
- |
- |
|
Miscellaneous Loss |
3.7 |
10.2 |
- |
- |
- |
|
Impairment Loss on Property, Plant and E |
0.7 |
4.0 |
- |
- |
- |
|
Impairment Loss on Intangible Assets |
27.2 |
21.3 |
- |
- |
- |
|
Adjustment for Other Operating Expense |
0.0 |
0.0 |
- |
- |
- |
|
Total Operating Expense |
12,443.5 |
12,241.5 |
7,944.1 |
10,058.5 |
9,378.1 |
|
|
|
|
|
|
|
|
Interest Income |
15.0 |
15.2 |
19.8 |
24.6 |
21.4 |
|
Dividend Income |
11.4 |
7.8 |
6.6 |
11.6 |
9.4 |
|
Recovery-Sales Guarantee Reserve |
- |
- |
- |
- |
0.1 |
|
G-Tang Asst Disposal |
- |
- |
0.1 |
4.0 |
0.3 |
|
Gain on Derivatives Transaction |
46.7 |
18.3 |
70.0 |
186.5 |
41.9 |
|
Gain on Valuations of Derivatives |
0.1 |
0.8 |
5.2 |
24.7 |
7.6 |
|
G-Inv.Asset Disposal |
- |
- |
1.0 |
0.5 |
3.4 |
|
Gain on Disposal of Other Investment Ass |
0.5 |
0.1 |
- |
- |
- |
|
Gain on Disposal of Financial Instrument |
0.2 |
1.4 |
- |
- |
- |
|
Gain on Disposal of Investments in Affil |
81.4 |
7.7 |
- |
- |
- |
|
G-Inv. Secs. Under Equity Method Disp. |
- |
- |
0.7 |
- |
14.6 |
|
Gain on Foreign Currency Transactions |
64.1 |
56.4 |
262.6 |
443.3 |
104.3 |
|
Gain on Foreign Currency Translations |
25.3 |
17.0 |
61.5 |
98.2 |
17.0 |
|
G-Contract Valuation |
- |
- |
7.4 |
107.8 |
3.5 |
|
Revers-Doubtful Acct |
- |
- |
0.1 |
0.0 |
0.3 |
|
Recovery-Sales Guarantee Reserve |
- |
- |
- |
0.0 |
0.0 |
|
Gain-Disposal of Investment Assets |
- |
- |
- |
- |
0.6 |
|
Recovery-Taxes Paid |
- |
- |
- |
- |
0.6 |
|
Other Non-Op. Income |
- |
- |
8.2 |
5.8 |
2.6 |
|
Guarantee Commission Income |
0.0 |
0.0 |
- |
- |
- |
|
Interest Expense, Non-Operating |
-43.2 |
-33.5 |
-38.0 |
-47.4 |
-45.6 |
|
L-Mkt Secs Disposal |
- |
- |
0.0 |
0.0 |
-0.2 |
|
L-Sec for Sale Disp |
- |
- |
- |
-0.6 |
-0.4 |
|
Loss on Disposal of Other Investment Ass |
-0.8 |
0.0 |
-0.5 |
- |
-0.1 |
|
Loss on Disposal of Current Investment A |
0.0 |
0.0 |
- |
- |
- |
|
Impairment Loss on Financial Instruments |
- |
-0.7 |
- |
- |
- |
|
L-Tang.Asst Disposal |
- |
- |
-0.3 |
-0.2 |
-1.9 |
|
Loss-Intangible Assets Disposal |
- |
- |
- |
0.0 |
- |
|
Loss on Derivative Transaction |
-41.2 |
-27.6 |
-126.3 |
-143.7 |
-46.5 |
|
Loss on Valuation of Derivatives |
-0.4 |
-0.1 |
-8.4 |
-116.7 |
-5.1 |
|
Loss on Foreign Currency Transactions |
-57.0 |
-51.9 |
-260.6 |
-539.9 |
-103.5 |
|
Loss on Foreign Currency Translations |
-33.2 |
-10.6 |
-44.8 |
-131.5 |
-17.1 |
|
Loss on Disposal of Trade Receivable |
-14.0 |
-16.9 |
-14.5 |
-35.2 |
-35.4 |
|
Bad Debt Expense |
- |
- |
-16.7 |
-7.6 |
-6.0 |
|
L-Contract Valuation |
- |
- |
-4.3 |
-14.1 |
-4.7 |
|
Donations Paid |
-3.3 |
-2.4 |
-1.3 |
-1.0 |
-2.3 |
|
Miscellaneous Income |
16.6 |
- |
- |
- |
- |
|
Miscellaneous Loss |
-0.2 |
- |
-3.8 |
-1.0 |
-2.2 |
|
Rental Income-Rental Guarantee Depsits |
0.1 |
- |
- |
- |
- |
|
Gain/Loss on Bargain Purchase |
8.6 |
- |
- |
- |
- |
|
G-Equity Method Valu |
92.3 |
193.3 |
44.3 |
24.4 |
19.2 |
|
L-Equity Method Valu |
-14.1 |
-16.8 |
-14.5 |
-24.4 |
-18.8 |
|
Adjustment for Finance Income |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Finance Expense |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Other Non-Operating Incom |
0.0 |
0.0 |
- |
- |
- |
|
Net Income Before Taxes |
336.2 |
357.6 |
99.0 |
57.8 |
64.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
99.9 |
77.2 |
23.6 |
23.8 |
16.9 |
|
Net Income After Taxes |
236.3 |
280.4 |
75.5 |
34.0 |
47.8 |
|
|
|
|
|
|
|
|
Minority Interest |
-12.6 |
-4.3 |
-2.3 |
6.1 |
3.8 |
|
Net Income Before Extra. Items |
223.6 |
276.1 |
73.2 |
40.1 |
51.6 |
|
Net Income |
223.6 |
276.1 |
73.2 |
40.1 |
51.6 |
|
|
|
|
|
|
|
|
Income Available to Com Excl E |
223.6 |
276.1 |
73.2 |
40.1 |
51.6 |
|
|
|
|
|
|
|
|
Income Available to Com Incl E |
223.6 |
276.1 |
73.2 |
40.1 |
51.6 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
38.7 |
38.7 |
38.7 |
38.7 |
38.7 |
|
Basic EPS Excluding ExtraOrdin |
5.79 |
7.14 |
1.89 |
1.04 |
1.33 |
|
Basic EPS Including ExtraOrdin |
5.79 |
7.14 |
1.89 |
1.04 |
1.33 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
- |
- |
|
Diluted Net Income |
223.6 |
276.1 |
73.2 |
40.1 |
51.6 |
|
Diluted Weighted Average Share |
38.7 |
38.7 |
38.7 |
38.7 |
38.7 |
|
Diluted EPS Excluding ExtraOrd |
5.79 |
7.14 |
1.89 |
1.04 |
1.33 |
|
Diluted EPS Including ExtraOrd |
5.79 |
7.14 |
1.89 |
1.04 |
1.33 |
|
DPS-Common Stock |
0.45 |
0.30 |
0.16 |
0.18 |
0.38 |
|
Gross Dividends - Common Stock |
17.4 |
11.7 |
6.1 |
7.0 |
14.6 |
|
Normalized Income Before Taxes |
364.4 |
383.0 |
102.4 |
57.7 |
67.5 |
|
|
|
|
|
|
|
|
Inc Tax Ex. Impact of Sp Items |
108.2 |
82.7 |
23.6 |
22.2 |
17.3 |
|
Normalized Income After Taxes |
256.1 |
300.3 |
78.8 |
35.5 |
50.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
243.5 |
296.0 |
76.5 |
41.6 |
54.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
6.30 |
7.66 |
1.98 |
1.08 |
1.40 |
|
Diluted Normalized EPS |
6.30 |
7.66 |
1.98 |
1.08 |
1.40 |
|
Interest Expense |
43.2 |
33.5 |
38.0 |
47.4 |
45.6 |
|
Advertising Expense, Supplemental |
13.3 |
12.5 |
10.9 |
- |
- |
|
Rental Expense, Supplemental |
13.1 |
8.8 |
7.0 |
- |
- |
|
Depreciation |
8.6 |
4.9 |
5.9 |
4.0 |
4.7 |
|
Amort of Intangibles, Suppleme |
55.8 |
32.6 |
4.0 |
3.6 |
5.1 |
|
Amort of Goodwill |
- |
- |
3.1 |
3.8 |
1.2 |
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 |
Restated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Cash Equivalents |
339.1 |
176.2 |
149.1 |
206.2 |
152.9 |
|
Current Financial Instruments |
134.6 |
16.9 |
2.5 |
33.0 |
0.8 |
|
Trade Receivables, Net |
- |
- |
- |
- |
995.7 |
|
Trade Receivable |
1,525.6 |
1,429.7 |
1,110.1 |
1,151.6 |
- |
|
Allowance for Doubtful Accounts for Trad |
-89.8 |
-94.1 |
-87.0 |
-82.9 |
- |
|
Adjustment for Trade Receivables |
0.0 |
0.0 |
- |
- |
- |
|
Account Receivables |
79.9 |
67.8 |
85.1 |
235.7 |
92.7 |
|
Advance Payments |
71.9 |
87.2 |
69.6 |
80.8 |
130.2 |
|
Prepaid Expenses |
7.3 |
11.5 |
6.5 |
6.5 |
8.1 |
|
Accrued Income |
18.5 |
19.5 |
16.4 |
11.6 |
11.7 |
|
Settlement-Contract |
15.4 |
7.2 |
7.7 |
94.2 |
3.5 |
|
Deferred Taxes |
- |
- |
34.2 |
30.8 |
25.7 |
|
Other Current Assets |
29.9 |
20.3 |
4.2 |
4.4 |
10.0 |
|
Merchandise |
490.3 |
640.2 |
307.9 |
384.3 |
242.4 |
|
Finished Goods |
18.6 |
6.1 |
0.4 |
4.0 |
2.3 |
|
Raw Materials |
12.2 |
12.4 |
0.7 |
5.9 |
19.3 |
|
Work in Progress |
- |
- |
0.9 |
1.1 |
1.1 |
|
Stored Goods |
0.3 |
0.4 |
0.0 |
0.0 |
0.0 |
|
Goods in Transit |
49.1 |
67.6 |
55.0 |
52.0 |
86.8 |
|
Adjustment for Inventories |
0.0 |
0.0 |
- |
- |
- |
|
Total Current Assets |
2,703.0 |
2,468.9 |
1,763.3 |
2,219.4 |
1,783.2 |
|
|
|
|
|
|
|
|
Securities Held to Maturities |
0.1 |
0.1 |
- |
- |
- |
|
LT Finl Assets |
- |
- |
0.0 |
0.1 |
0.2 |
|
LT Invest Secs. |
- |
- |
25.3 |
19.3 |
- |
|
Overseas Invest. |
- |
- |
153.1 |
139.0 |
106.1 |
|
Other Inv Assets |
- |
- |
- |
0.0 |
0.0 |
|
Non-Current Securities Available-for-Sal |
266.5 |
56.7 |
- |
- |
21.5 |
|
Investment in Properties |
33.8 |
14.2 |
- |
- |
- |
|
Adjustment for Non-Current Investments A |
0.0 |
0.0 |
- |
- |
- |
|
Non-Current Loans |
129.6 |
133.2 |
163.2 |
134.4 |
64.1 |
|
Investment in Affiliates |
560.7 |
680.1 |
456.7 |
361.9 |
306.4 |
|
LT Guarantee Dep |
- |
- |
33.7 |
19.0 |
33.4 |
|
LT Prepaid Expense |
- |
- |
3.2 |
3.1 |
- |
|
Other Non-Current Assets |
13.7 |
19.7 |
- |
- |
- |
|
LT Trade Receivable |
- |
- |
3.6 |
2.8 |
- |
|
Non-Current Deferred Income Taxes Assets |
5.8 |
4.5 |
2.7 |
- |
13.3 |
|
Land |
13.7 |
18.6 |
18.1 |
15.3 |
20.4 |
|
Buildings |
32.2 |
27.1 |
35.2 |
30.7 |
34.2 |
|
Deprec-Buildings |
-8.8 |
-8.0 |
-12.8 |
-8.9 |
-7.7 |
|
Attach to Bldg |
- |
- |
- |
- |
6.4 |
|
Deprec-Attach |
- |
- |
- |
- |
-2.7 |
|
Structures |
15.9 |
18.8 |
4.1 |
1.1 |
1.2 |
|
Deprec-Structure |
-2.0 |
-3.1 |
-0.3 |
-0.2 |
-0.2 |
|
Machineries & Equipments |
18.9 |
19.0 |
5.2 |
2.9 |
3.7 |
|
Machineries & Equipments-Depreciation |
-8.2 |
-6.6 |
-2.4 |
-1.8 |
-2.6 |
|
Vehicles |
13.5 |
6.7 |
4.0 |
3.6 |
2.8 |
|
Vehicles-Depreciation |
-3.3 |
-2.6 |
-1.6 |
-1.3 |
-2.0 |
|
Construc in Prog |
21.1 |
17.1 |
7.7 |
3.5 |
4.4 |
|
Other Property Plant & Equipment |
21.7 |
20.4 |
15.6 |
11.4 |
17.9 |
|
Other Property Plant & Equipment-Depreci |
-11.7 |
-13.0 |
-9.7 |
-7.4 |
-11.8 |
|
Other Property Plant & Equipment-Reducti |
-0.2 |
-0.1 |
- |
- |
- |
|
Adjustment for Property, Plant & Equipme |
0.0 |
0.0 |
- |
- |
- |
|
Biologic Assets |
33.8 |
18.2 |
- |
- |
- |
|
Industrial Property Rights |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Usufruct |
21.0 |
20.5 |
- |
- |
- |
|
Foreign Resource Development Funds |
378.9 |
227.3 |
- |
- |
- |
|
Other Intangible Assets |
21.4 |
37.2 |
32.8 |
25.1 |
25.4 |
|
Adjustment for Intangible Assets |
0.0 |
0.0 |
- |
- |
- |
|
Goodwill |
18.2 |
18.9 |
7.1 |
9.0 |
18.7 |
|
Total Assets |
4,289.1 |
3,793.7 |
2,707.7 |
2,982.0 |
2,436.3 |
|
|
|
|
|
|
|
|
Current Trade Payables |
1,155.7 |
1,235.4 |
1,096.4 |
1,041.7 |
758.4 |
|
Current Borrowings |
714.4 |
727.8 |
252.9 |
629.1 |
626.1 |
|
Dividend Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Payables |
208.8 |
155.6 |
161.2 |
256.4 |
93.5 |
|
Current Tax Liabilities |
58.0 |
12.1 |
4.3 |
18.2 |
5.7 |
|
Accrued Expenses |
33.1 |
23.8 |
17.3 |
19.1 |
19.7 |
|
Advance from Customers, Current Liabilit |
54.0 |
49.8 |
19.4 |
28.4 |
25.7 |
|
Unearned Income |
0.0 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Guarantee Deposits Withholdings, Current |
2.9 |
3.4 |
1.3 |
0.0 |
0.0 |
|
Withholdings |
23.2 |
17.0 |
7.0 |
11.4 |
11.4 |
|
Current Portion of Long-term Liabilities |
172.2 |
115.2 |
163.1 |
99.7 |
25.8 |
|
Derivative Liabilities for Risk Hedge |
9.6 |
8.9 |
- |
- |
- |
|
Settlement Contract |
- |
- |
4.8 |
12.9 |
4.7 |
|
Total Current Liability |
2,432.0 |
2,349.0 |
1,727.7 |
2,116.9 |
1,571.2 |
|
|
|
|
|
|
|
|
Bonds |
34.7 |
116.0 |
77.0 |
31.7 |
85.3 |
|
Non-Current Borrowings |
621.9 |
365.5 |
- |
- |
- |
|
Non-Current Borrowings-Korean Won |
- |
- |
32.5 |
48.2 |
36.9 |
|
Foreign Curr LTB |
- |
- |
287.1 |
309.6 |
198.1 |
|
Total Long Term Debt |
656.5 |
481.5 |
396.7 |
389.6 |
320.3 |
|
|
|
|
|
|
|
|
LL Security Dep |
- |
- |
3.7 |
2.9 |
3.8 |
|
Non-Current Provisions |
3.3 |
15.0 |
- |
- |
- |
|
Other Non-Current Liabilities |
5.2 |
5.6 |
0.2 |
0.2 |
0.2 |
|
Deferred Income Taxes, Non-Current Liabi |
11.6 |
29.7 |
12.1 |
10.1 |
4.1 |
|
Retirement Resrv |
- |
- |
21.3 |
18.4 |
9.6 |
|
Minority Interests |
13.5 |
-1.7 |
-10.9 |
-13.0 |
-7.2 |
|
Non-Current Fixed Benefit Liabilities |
4.2 |
4.1 |
- |
- |
- |
|
Deposit-Retirement Insurance |
- |
- |
-16.0 |
-13.3 |
- |
|
Transfer to National Pension Fund |
- |
- |
-0.1 |
-0.1 |
- |
|
Total Liabilities |
3,126.4 |
2,883.2 |
2,134.8 |
2,511.6 |
1,902.0 |
|
|
|
|
|
|
|
|
Common Stock |
168.2 |
170.8 |
166.4 |
153.9 |
207.0 |
|
Capital Surplus |
- |
- |
40.5 |
37.4 |
50.3 |
|
Additional Paid in Capital |
40.9 |
41.5 |
- |
- |
- |
|
Other Capital Surplus |
- |
- |
15.2 |
14.1 |
18.9 |
|
Reserve for Assets Revaluation |
32.4 |
32.9 |
33.6 |
31.1 |
41.9 |
|
Retained Earning |
- |
- |
244.1 |
157.7 |
169.8 |
|
Legal Reserve |
- |
- |
20.7 |
18.5 |
23.5 |
|
Voluntary Reserve |
- |
- |
13.1 |
12.1 |
16.2 |
|
Retained Earnings or Accumulated Deficit |
779.2 |
585.5 |
- |
- |
- |
|
Othr Capital Adjustment |
-0.3 |
-0.2 |
- |
- |
12.4 |
|
L-Sec for Sale V |
- |
- |
2.7 |
1.8 |
4.1 |
|
Positive Capital Change U/ Equity Mtd. |
37.6 |
23.1 |
27.0 |
19.4 |
8.7 |
|
Negative Capital Change U/ Equity Mtd. |
-20.2 |
-18.4 |
-21.9 |
-12.2 |
-21.0 |
|
Gain/Loss on Valuation of Securities Ava |
72.8 |
33.5 |
- |
- |
- |
|
Treasury Stock |
-0.8 |
-0.9 |
-0.8 |
-0.8 |
-1.0 |
|
Revaluation Adjustment |
-0.5 |
-0.5 |
- |
- |
- |
|
Gains on Disposal of Treasury Stock |
15.4 |
15.6 |
- |
- |
- |
|
Overseas Business Translation Credit/Deb |
37.9 |
27.6 |
32.3 |
37.4 |
3.2 |
|
Adjustment for Capital Surplus |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Other Capital |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Accumulated Other Compreh |
0.0 |
0.0 |
- |
- |
- |
|
Total Equity |
1,162.6 |
910.5 |
572.9 |
470.4 |
534.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholde |
4,289.1 |
3,793.7 |
2,707.7 |
2,982.0 |
2,436.3 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
38.7 |
38.7 |
38.7 |
38.7 |
38.7 |
|
Total Common Shares Outstandin |
38.7 |
38.7 |
38.7 |
38.7 |
38.7 |
|
T/S-Common Stock |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Deferred Revenue, Current |
54.0 |
49.9 |
19.5 |
28.5 |
25.8 |
|
Full-Time Employees |
706 |
- |
623 |
651 |
568 |
|
Number of Common Shareholders |
28,613 |
- |
20,679 |
21,050 |
27,890 |
|
Long-Term Debts Due in 1 Year |
- |
- |
163.1 |
99.7 |
25.8 |
|
Long-Term Debts Due in 2 Years |
- |
- |
98.8 |
187.1 |
59.6 |
|
Long-Term Debts Due in 3 Years |
- |
- |
172.5 |
70.7 |
159.2 |
|
Long-Term Debts Due in 4 Years |
- |
- |
18.0 |
57.1 |
16.1 |
|
Long-Term Debts Due in 5 Years |
- |
- |
26.9 |
34.6 |
18.8 |
|
Long-Term Debts Due Remaining |
- |
- |
80.7 |
40.2 |
66.8 |
|
Total Long Term Debt, Supplemental |
- |
- |
560.1 |
489.4 |
346.3 |
|
Operating Leases due in Year 1 |
- |
- |
1.6 |
2.0 |
- |
|
Operating Leases due in Year 2 |
- |
- |
1.6 |
2.0 |
- |
|
Operating Leases due in Year 3 |
- |
- |
1.6 |
2.0 |
- |
|
Operating Leases due in Year 4 |
- |
- |
1.2 |
1.9 |
- |
|
Operating Leases Remaining |
- |
- |
0.8 |
2.4 |
- |
|
Total Operating Leases |
- |
- |
6.8 |
10.2 |
- |
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 |
Restated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
236.3 |
280.4 |
75.5 |
34.0 |
47.8 |
|
Depreciation |
8.6 |
4.9 |
5.9 |
4.0 |
4.7 |
|
Amortization of Intangible Assets |
55.8 |
32.6 |
7.2 |
7.4 |
6.3 |
|
Amort-Bad Debt Exp |
- |
- |
1.0 |
26.3 |
3.2 |
|
Amort-Otr Bad Debt E |
- |
- |
16.7 |
7.6 |
6.0 |
|
Amort-Bond Discount |
- |
- |
0.1 |
0.1 |
0.2 |
|
Payment for Retirement Allowance, ONCI |
5.1 |
4.5 |
4.6 |
5.9 |
5.8 |
|
Interest Expenses |
43.6 |
33.5 |
- |
- |
- |
|
Losses on Foreign Currency Translation |
56.8 |
25.9 |
41.6 |
131.4 |
15.9 |
|
Loss-Disp. of Trade Receivables |
- |
- |
14.5 |
35.2 |
35.4 |
|
L-Mkt Secs Disposal |
- |
- |
0.0 |
0.0 |
0.2 |
|
L-Contract Valuation |
- |
- |
4.3 |
14.1 |
4.7 |
|
L-Derivatives Valu |
- |
- |
8.4 |
116.7 |
5.1 |
|
L-Sec for Sale Disp |
- |
- |
- |
0.6 |
0.4 |
|
Loss-Disposal of Other Assets |
- |
- |
- |
- |
0.1 |
|
Loss-Disposal of Other Investment Assets |
- |
- |
0.5 |
- |
- |
|
L-Tangible Asst Disp |
- |
- |
0.3 |
0.2 |
1.9 |
|
L-Intangible Asst Disp |
- |
- |
- |
0.0 |
- |
|
L-Equity Method Valu |
- |
- |
14.5 |
24.4 |
18.8 |
|
Miscellaneous Gain |
- |
- |
-0.2 |
- |
- |
|
Miscellaneous Loss |
- |
- |
0.7 |
0.0 |
- |
|
Interest Income |
-15.2 |
-15.2 |
-0.1 |
- |
-4.8 |
|
G-Derivatives Valu |
- |
- |
-5.2 |
-24.7 |
-7.6 |
|
Gain-Settlement Contract |
- |
- |
-7.4 |
-107.8 |
-3.5 |
|
G-Inv.Asset Disp |
- |
- |
-1.0 |
-0.5 |
-3.4 |
|
Gain-Disp. of Securities/Equity Method |
- |
- |
-0.7 |
- |
-14.6 |
|
G-Tangible Asst Disp |
- |
- |
-0.1 |
-4.0 |
-0.3 |
|
G-Equity Method Valu |
- |
- |
-44.3 |
-24.4 |
-19.2 |
|
Gain-Disposal of Investment Assets |
- |
- |
- |
- |
-0.6 |
|
Reversal of Doubtful Accounts |
- |
- |
-0.1 |
0.0 |
-0.3 |
|
Gains on Foreign Currency Translation |
-48.5 |
-36.4 |
-54.1 |
-98.2 |
-15.7 |
|
Other Gain or Loss Adjustment |
-57.7 |
-33.2 |
- |
- |
- |
|
Adjustment for Non-Cash Items |
0.0 |
0.0 |
- |
- |
- |
|
Trade Receivables |
-104.1 |
26.4 |
118.3 |
-23.3 |
114.8 |
|
Accrued Income |
- |
- |
-3.5 |
-4.3 |
-4.9 |
|
Account Receivables |
-9.5 |
24.2 |
155.0 |
-133.1 |
33.0 |
|
Prepaid Expenses |
- |
- |
0.6 |
-4.0 |
-9.8 |
|
Advance Payments |
14.9 |
-14.6 |
16.3 |
40.3 |
-39.6 |
|
Other Quick Assets |
- |
- |
2.2 |
-13.8 |
-5.8 |
|
Other Operating Assets |
-8.1 |
-11.3 |
- |
- |
- |
|
Inventories |
164.4 |
-337.1 |
185.5 |
-136.6 |
83.2 |
|
Deferred Taxes-Asset |
- |
- |
-3.3 |
1.5 |
-4.4 |
|
Trade Payables |
-104.7 |
123.9 |
-27.7 |
175.2 |
-229.6 |
|
Other Payables |
31.9 |
-22.9 |
-105.9 |
78.4 |
-6.4 |
|
Accrued Expenses |
- |
- |
-3.1 |
1.9 |
14.7 |
|
Accrued Inc Tax |
- |
- |
-14.0 |
20.4 |
-16.5 |
|
Unearned Income |
- |
- |
0.0 |
0.1 |
-0.4 |
|
Advance from Customers |
2.8 |
26.8 |
-10.3 |
13.1 |
7.6 |
|
Deposits Withheld |
- |
- |
-4.9 |
-4.5 |
1.6 |
|
Security Deposits |
- |
- |
1.2 |
0.0 |
0.0 |
|
Gift Certificates |
- |
- |
- |
- |
-0.1 |
|
Deferred Income Tax Credit, A/L |
- |
- |
1.1 |
-2.4 |
1.2 |
|
Other LT Liabilities |
- |
- |
0.3 |
0.0 |
-0.2 |
|
Other Operating Liabilities |
-1.0 |
12.2 |
- |
- |
- |
|
Nation Pension Fnd |
- |
- |
0.0 |
0.1 |
0.1 |
|
Payment for Retirement Allowance |
-1.0 |
-7.8 |
-2.9 |
-5.7 |
-5.0 |
|
Plan Assets |
-6.0 |
-1.4 |
- |
- |
- |
|
Provisions |
1.6 |
14.5 |
- |
- |
- |
|
Retirement Insurance |
- |
- |
-1.4 |
-2.8 |
-1.5 |
|
Retirement Allw Rsrv |
- |
- |
-0.5 |
-0.3 |
3.0 |
|
Adjustment for Operating Assets & Liabil |
0.0 |
0.0 |
- |
- |
- |
|
Cash-Interest Received |
15.7 |
11.8 |
- |
- |
- |
|
Cash-Interest Paid |
-40.6 |
-38.6 |
- |
- |
- |
|
Cash-Dividend Income |
36.2 |
10.9 |
- |
- |
- |
|
Cash-Tax Paid |
-82.4 |
-88.1 |
- |
- |
- |
|
Cash from Operating Activities |
195.2 |
25.9 |
385.8 |
148.5 |
21.3 |
|
|
|
|
|
|
|
|
Disposal-ST Investment Assets |
- |
- |
32.2 |
148.3 |
134.7 |
|
Decrease-LT Financial Assets |
- |
- |
0.1 |
0.3 |
- |
|
Decrease in Financial Instruments |
15.9 |
15.1 |
- |
- |
- |
|
Dec-LT Loans |
- |
- |
69.7 |
64.9 |
40.1 |
|
Decrease in Loans |
26.2 |
33.6 |
- |
- |
- |
|
Decrease-Guarantee Deposit |
15.9 |
3.3 |
4.0 |
0.8 |
1.6 |
|
Disposal of Securities Available-for-Sal |
0.3 |
5.8 |
- |
- |
- |
|
Dividend Income-Equity Method Affiliates |
- |
- |
2.5 |
3.7 |
2.7 |
|
Dec-Investment Secs |
- |
- |
1.5 |
1.7 |
3.8 |
|
Dec-Affil. Investmnt |
- |
- |
0.8 |
- |
17.3 |
|
Disposal-Investment Assets |
- |
- |
2.0 |
- |
0.6 |
|
Disposal of Investment in Associates&Sub |
290.4 |
53.4 |
- |
- |
- |
|
Disposal of Other Investment Assets |
17.0 |
- |
- |
- |
- |
|
Decrease-Overseas Investment |
- |
- |
35.9 |
14.7 |
20.6 |
|
Disp-Land |
- |
- |
0.5 |
0.0 |
3.2 |
|
Disposal of Building |
- |
- |
- |
- |
5.3 |
|
Disp-Machinery |
- |
- |
0.2 |
0.4 |
0.0 |
|
Disp-Vehicles |
- |
- |
0.1 |
10.2 |
0.1 |
|
Disposal-Construction in Progress |
- |
- |
0.4 |
0.0 |
- |
|
Disp-Othr Tang.Asset |
- |
- |
0.1 |
1.0 |
0.0 |
|
Disposal of Property, Plant and Equipmen |
55.4 |
1.5 |
- |
- |
- |
|
Disposal-Business Segment |
- |
- |
- |
24.7 |
- |
|
Disposal-Other Intangible Assets |
- |
- |
0.1 |
0.0 |
- |
|
Disposal of Intangible Assets |
16.4 |
- |
- |
- |
- |
|
Increase-ST Investment Assets |
- |
- |
-7.6 |
-105.3 |
-125.5 |
|
Inc-LT Loans |
- |
- |
-113.5 |
-132.4 |
-73.6 |
|
Increase in Loans |
-26.6 |
-14.2 |
- |
- |
- |
|
Increase in Guarantee Deposit |
-10.8 |
-3.6 |
-4.5 |
-5.0 |
-15.1 |
|
Increase-LT Financial Assets |
- |
- |
0.0 |
0.0 |
- |
|
Purchase of Financial Assets |
-106.9 |
-0.3 |
- |
- |
- |
|
Inc-Investment Secs |
-0.6 |
-4.6 |
-4.4 |
-8.0 |
-3.1 |
|
Inc-Affil. Stocks |
-165.3 |
-105.7 |
-32.1 |
-108.2 |
-21.0 |
|
Purchase of Other Investment Assets |
-13.6 |
- |
- |
-0.1 |
- |
|
Inc-Natural Resources Develop. Cost |
- |
- |
-38.4 |
-83.5 |
-45.1 |
|
Acq-Land |
- |
- |
- |
0.0 |
-0.8 |
|
Acq-Building |
- |
- |
-0.1 |
-0.2 |
-1.5 |
|
Acq-Building Parts |
- |
- |
- |
- |
0.0 |
|
Acq-Structures |
- |
- |
-0.4 |
- |
- |
|
Acq-Machinery |
- |
- |
-1.0 |
0.0 |
-0.2 |
|
Acq-Vehicles |
- |
- |
-0.3 |
-0.2 |
-0.3 |
|
Acq-Other Tang.Asset |
- |
- |
-1.1 |
-2.7 |
-4.7 |
|
Acq-Constructn Prog |
- |
- |
-7.2 |
-14.7 |
-10.4 |
|
Purchase of Property, Plant and Equipmen |
-112.2 |
-14.6 |
- |
- |
- |
|
Inc-Goodwill |
- |
- |
- |
- |
-0.1 |
|
Acq-Industr.Patent |
- |
- |
0.0 |
- |
0.0 |
|
Purchase of Intangible Assets |
-148.5 |
-41.6 |
- |
- |
- |
|
Acq-Other Intangible |
- |
- |
-4.3 |
-6.4 |
-1.5 |
|
Cash from Investing Activities |
-147.0 |
-72.0 |
-64.9 |
-196.1 |
-72.7 |
|
|
|
|
|
|
|
|
Inc-ST Borrowings |
- |
- |
- |
- |
562.2 |
|
Inc-LT Borrowing |
- |
- |
170.7 |
230.5 |
128.5 |
|
Inc-Bonds |
- |
- |
70.2 |
- |
42.8 |
|
Increase-Security Deposit Received |
- |
- |
- |
0.4 |
0.0 |
|
Increase in Financial Liabilities |
10,912.0 |
5,436.5 |
- |
- |
- |
|
Cash Inflow from Other Financing Activit |
0.5 |
5.9 |
0.0 |
1.2 |
0.1 |
|
Dec-Curr LT Liabs |
- |
- |
-146.1 |
-10.7 |
-49.7 |
|
Decrease in Financial Liabilities |
-10,780.1 |
-5,373.7 |
- |
- |
- |
|
Dec-ST Borrowings |
- |
- |
-382.6 |
-81.7 |
-450.6 |
|
Dec-LT Borrowings |
- |
- |
-55.9 |
-10.0 |
-44.6 |
|
Decrease-Security Deposit |
-0.4 |
-2.0 |
- |
-0.3 |
-0.2 |
|
Payment-Dividends |
-12.2 |
-6.7 |
-6.3 |
-13.5 |
-20.8 |
|
Consolid Scope Adj |
- |
- |
0.7 |
- |
1.4 |
|
Cash Outflow-Other Financing Activities |
- |
- |
- |
-1.2 |
- |
|
Cash Outflow Financing Activities Adj. |
- |
- |
-2.3 |
- |
- |
|
Cash from Financing Activities |
119.8 |
60.0 |
-351.7 |
114.6 |
169.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
4.2 |
2.7 |
-36.7 |
38.9 |
1.0 |
|
Net Change in Cash |
172.2 |
16.7 |
-67.4 |
105.9 |
118.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
180.5 |
156.2 |
203.4 |
130.0 |
35.2 |
|
Net Cash - Ending Balance |
352.6 |
172.9 |
136.0 |
235.9 |
154.0 |
|
Cash Interest Paid |
40.6 |
38.6 |
- |
- |
- |
|
Cash Taxes Paid |
82.4 |
88.1 |
- |
- |
- |
Financial
Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.72 |
|
UK Pound |
1 |
Rs.87.95 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.