MIRA INFORM REPORT
|
Report Date : |
03.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
UNID CO., LTD. |
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Registered Office : |
66, Suha-Dong, Jung-Gu, Seoul, 100210 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
10.05.1980 |
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Legal Form : |
Public Independent Company |
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Line of Business : |
manufacture and marketing
of chemicals, and board and timber products |
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No. of Employees : |
413 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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.
|
Source : CIA |
Company name & address
Unid Co., Ltd.
66, Suha-Dong, Jung-Gu
Seoul, 100210
Korea, Republic of
Tel: 82-2-37099500
Fax: 82-2-7747591
Web: www.unid.co.kr
Synthesis
Employees: 413
Company Type: Public
Independent
Traded: Korea
Stock Exchange: 014830
Incorporation Date:
10-May-1980
Auditor: Deloitte & Touche LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: South
Korean Won
Annual Sales: 616.2
1
Net Income: 61.1
Total Assets:
835.7 2
Market Value: 223.0
(17-Aug-2012)
Business Description
UNID CO.,Ltd. is a Korea-based company mainly engaged in the manufacture
and marketing of chemicals, and board and timber products. The Company and its
subsidiaries engaged in the four business divisions: chemical division, board
division, light-emitting diode (LED) division and other division. Its chemical
division produces caustic potash, a basic material for actual life products,
such as cathode ray tubes (CRTs), synthetic resin, food additives and
potassium-based products, as well as hydrochloric acid, sodium hypochlorite and
ferric and ferrous chloride, utilizes H2 and Cl2 gas produced through
electrolysis and blocks the sources of environmental contamination. Its board
division manufactures medium-density fiberboard (MDF) and lumber. Its LED
division manufactures sapphire ingots, wafers and others used for LEDs. Its
other division engages in the development of forestry, the forestation
business, as well as the leasing of real estate properties. For the fiscal year
ended 31 December 2010, Unid Co., Ltd.'s total revenues increased 6% to
W584.48B. The Company's net income totaled W71.43B, up from W35.20B. Revenues
reflect increased domestic sales of medium-density fiberboard. Net income also
benefited from increased gains on valuation of equity method securities,
decreased losses on foreign currency transactions and decreased losses on
foreign currency translation.
Industry
Industry Chemical Manufacturing
ANZSIC 2006: 1811 - Industrial
Gas Manufacturing
NACE 2002: 2413 - Manufacture
of other inorganic basic chemicals
NAICS 2002: 325199 - All Other
Basic Organic Chemical Manufacturing
UK SIC 2003: 2413 - Manufacture
of other inorganic basic chemicals
UK SIC 2007: 2013 - Manufacture
of other inorganic basic chemicals
US SIC 1987: 2812 - Alkalies
and Chlorine
Key Executives
|
Name |
Title |
|
Ui Seung Jung |
President, Co-Chief Executive Officer, Director |
|
Cheol Lee |
Internal Auditor |
|
Sang Jeong Lee |
Vice President |
|
Soo-Hyun Yoon |
President & Co-CEO |
|
Jong Su Yim |
Co-Auditor |
Significant
Developments
|
* number of significant developments within the last 12 months
News
|
Financial
Summary
|
Stock
Snapshot
|
1 - Profit & Loss Item Exchange Rate: USD 1 = KRW 1107.891
2 - Balance Sheet Item Exchange Rate: USD 1 = KRW 1152
Corporate Overview
Location
66, Suha-Dong, Jung-Gu
Seoul, 100210
Korea, Republic of
Tel: 82-2-37099500
Fax: 82-2-7747591
Web: www.unid.co.kr
Quote Symbol - Exchange
014830 - Korea
Stock Exchange
Sales KRW(mil): 682,723.2
Assets KRW(mil): 962,778.2
Employees: 413
Fiscal Year End: 31-Dec-2011
Industry: Chemical
Manufacturing
Incorporation Date: 10-May-1980
Company Type: Public
Independent
Quoted Status: Quoted
Chairman of the Board,
Co-Chief Executive Officer: Hwa
Yeong Lee
Company Web Links
Company Contact/E-mail
Corporate History/Profile
Home Page
Investor Relations
Products/Services
Contents
Industry Codes
Business Description
Financial Data
Market Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1811 - Industrial Gas Manufacturing
0510 - Forestry Support Services
2429 - Other Electronic Equipment Manufacturing
6712 - Non-Residential Property Operators
1411 - Log Sawmilling
1812 - Basic Organic Chemical Manufacturing
NACE 2002 Codes:
2413 - Manufacture of other inorganic basic chemicals
3210 - Manufacture of electronic valves and tubes and other
electronic components
7020 - Letting of own property
2010 - Saw milling and planing of wood, impregnation of wood
2414 - Manufacture of other organic basic chemicals
0202 - Forestry and logging related service activities
NAICS 2002 Codes:
325199 - All Other Basic Organic Chemical Manufacturing
531120 - Lessors of Nonresidential Buildings (except Miniwarehouses)
334413 - Semiconductor and Related Device Manufacturing
321113 - Sawmills
115310 - Support Activities for Forestry
US SIC 1987:
2812 - Alkalies and Chlorine
3674 - Semiconductors and Related Devices
2869 - Industrial Organic Chemicals, Not Elsewhere Classified
0851 - Forestry Services
6512 - Operators of Nonresidential Buildings
2421 - Sawmills and Planing Mills, General
UK SIC 2003:
2413 - Manufacture of other inorganic basic chemicals
2414 - Manufacture of other organic basic chemicals
0202 - Forestry and logging related service activities
3210 - Manufacture of electronic valves and tubes and other
electronic components
70209 - Other letting of own property
2010 - Saw milling and planing of wood, impregnation of wood
UK SIC 2007:
2013 - Manufacture of other inorganic basic chemicals
0240 - Support services to forestry
68209 - Letting and operating of own or leased real estate (other
than Housing Association real estate and conference and exhibition services)
n.e.c.
2611 - Manufacture of electronic components
2014 - Manufacture of other organic basic chemicals
1610 - Sawmilling and planing of wood
Business
Description
UNID CO.,Ltd. is a
Korea-based company mainly engaged in the manufacture and marketing of
chemicals, and board and timber products. The Company and its subsidiaries
engaged in the four business divisions: chemical division, board division,
light-emitting diode (LED) division and other division. Its chemical division
produces caustic potash, a basic material for actual life products, such as
cathode ray tubes (CRTs), synthetic resin, food additives and potassium-based
products, as well as hydrochloric acid, sodium hypochlorite and ferric and
ferrous chloride, utilizes H2 and Cl2 gas produced through electrolysis and
blocks the sources of environmental contamination. Its board division
manufactures medium-density fiberboard (MDF) and lumber. Its LED division
manufactures sapphire ingots, wafers and others used for LEDs. Its other
division engages in the development of forestry, the forestation business, as
well as the leasing of real estate properties. For the fiscal year ended 31
December 2010, Unid Co., Ltd.'s total revenues increased 6% to W584.48B. The
Company's net income totaled W71.43B, up from W35.20B. Revenues reflect
increased domestic sales of medium-density fiberboard. Net income also
benefited from increased gains on valuation of equity method securities,
decreased losses on foreign currency transactions and decreased losses on
foreign currency translation.
More Business
Descriptions
Manufacture of and trade in chemicals including caustic potash and
timber products including MDF
Chemical Products Mfr
Unid Co., Ltd. (Unid Co) is principally engages in manufacturing and sale of chemicals, and board and timber products. Its range of chemical products comprise of caustic potash, potassium carbonate, ferric chloride, hydrochloric acid, sodium hypochlorite and ferric and ferrous chloride. Its board and timber products comprises of medium-density fiberboard (MDF), raw material for wood products, lumber and formalin, which are supplied to furniture manufacturers and construction and other industries. The company's major production facilities comprises of Incheon plant, Gunsan plant, Firm in China. It affiliated companies includes OCI Company, Dong Yang Silicone, BullsOne, Sam Kwang Glass, DC-FERRO, Ordeg, OCI Corporation, OCI I&C, UNION l Eyang Chemical and eTec E&C Limited. Unid Co is headquartered at Seoul in South Korea.The company reported revenues of (Won) KRW 682,723.21 million during the fiscal year ended December 2011, an increase of 18.73% over 2010. The operating profit of the company was KRW 69,889.18 million during the fiscal year 2011, a decrease of 18.86% from 2010. The net profit of the company was KRW 67,744.55 million during the fiscal year 2011, a decrease of 9.57% from 2010.
All Other Chemical Product and Preparation Manufacturing
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Competitors Report
|
Company Name |
Location |
Employees |
Ownership |
|
Capro Corp. |
Seoul, Korea, Republic of |
353 |
Public |
|
Nippon Soda Co., Ltd. |
Tokyo, Japan |
2,507 |
Public |
|
Samsung Fine Chemicals Co Ltd |
Ulsan, Korea, Republic of |
1,023 |
Public |
|
Zhejiang Jiangshan Chemical Co., Ltd. |
Quzhou, China |
832 |
Public |
Executive report
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Board of
Directors |
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Chairman of the Board, Co-Chief Executive Officer |
Chairman |
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Non-Executive Independent Director |
Director/Board Member |
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Vice President, Director |
Director/Board Member |
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President, Co-Chief Executive Officer, Director |
Director/Board Member |
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Executives |
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Chief Executive Officer and President |
Chief Executive Officer |
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President, Co-Chief Executive Officer, Director |
Chief Executive Officer |
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Chairman of the Board, Co-Chief Executive Officer |
Chief Executive Officer |
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President & Co-CEO |
Chief Executive Officer |
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Assistant Managing Director |
Managing Director |
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Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Co-Assistant Managing Director |
Managing Director |
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Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Co-Auditor |
Finance Executive |
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Internal Auditor |
Accounting Executive |
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Manager-Sales |
Sales Executive |
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Manager-Export |
Sales Executive |
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Manager-Potassium Carbonate & Potassium Hydroxide |
Other |
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Vice President |
Other |
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Manager-Privacy Policy |
Other |
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Significant Developments
Unid Co., Ltd. Announces Changes in Shareholding Structure Jul 18, 2012
Unid Co., Ltd. announced that SHINYOUNG ASSET MANAGEMENT CO., LTD. and three related parties have acquired 335,425 shares of the Company, representing a 5.09% stake.
Unid Co., Ltd. Declares Annual Cash Dividend for FY 2011 Feb 16, 2012
Unid Co., Ltd. announced that it has declared an annual cash dividend of KRW 750 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 1.4% and the total amount of the cash dividend is KRW 4,938,801,750. The Company's annual cash dividend for the fiscal year 2010 was KRW 1,100 per share.
Unid Co., Ltd. Announces Changes in Shareholding Structure Dec 01, 2011
Unid Co., Ltd. announced that Korea Value Asset Management Co.,Ltd. has acquired 330,192 shares of the Company, representing a 5.01% stake.
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 |
Updated 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 |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte & Touche
LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
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Net Sales |
616.2 |
497.3 |
430.8 |
538.4 |
335.1 |
|
Revenue |
616.2 |
497.3 |
430.8 |
538.4 |
335.1 |
|
Total Revenue |
616.2 |
497.3 |
430.8 |
538.4 |
335.1 |
|
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|
|
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|
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Cost of Revenue |
491.9 |
372.1 |
360.4 |
416.5 |
256.7 |
|
Cost of Revenue, Total |
491.9 |
372.1 |
360.4 |
416.5 |
256.7 |
|
Gross Profit |
124.3 |
125.2 |
70.3 |
121.9 |
78.4 |
|
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|
|
|
|
|
|
Selling/General/Administrative Expense |
44.7 |
39.9 |
27.6 |
33.2 |
32.3 |
|
Labor & Related Expense |
11.2 |
9.1 |
7.0 |
8.7 |
9.0 |
|
Advertising Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Selling/General/Administrative Expenses |
55.9 |
49.1 |
34.6 |
41.9 |
41.3 |
|
Research & Development |
3.4 |
1.6 |
- |
- |
- |
|
Depreciation |
0.9 |
0.7 |
0.4 |
0.4 |
0.5 |
|
Amortization of Intangibles |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Depreciation/Amortization |
0.9 |
0.7 |
0.5 |
0.5 |
0.6 |
|
Investment Income -
Operating |
1.8 |
- |
- |
- |
- |
|
Interest/Investment Income - Operating |
1.8 |
- |
- |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
1.8 |
- |
- |
- |
- |
|
Impairment-Assets Held for Use |
-0.3 |
0.2 |
- |
- |
- |
|
Loss (Gain) on Sale of Assets - Operating |
-0.2 |
-0.8 |
- |
- |
- |
|
Unusual Expense (Income) |
-0.5 |
-0.6 |
- |
- |
- |
|
Other, Net |
-0.2 |
-0.1 |
- |
- |
- |
|
Other Operating Expenses, Total |
-0.2 |
-0.1 |
- |
- |
- |
|
Total Operating Expense |
553.2 |
422.8 |
395.5 |
458.9 |
298.6 |
|
|
|
|
|
|
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Operating Income |
63.1 |
74.5 |
35.3 |
79.5 |
36.5 |
|
|
|
|
|
|
|
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Interest Expense -
Non-Operating |
-4.4 |
-2.7 |
-5.7 |
-6.3 |
-4.6 |
|
Interest Expense, Net Non-Operating |
-4.4 |
-2.7 |
-5.7 |
-6.3 |
-4.6 |
|
Interest Income -
Non-Operating |
3.5 |
2.8 |
1.6 |
2.3 |
1.7 |
|
Investment Income - Non-Operating |
11.1 |
7.5 |
3.4 |
-1.8 |
5.8 |
|
Interest/Investment Income - Non-Operating |
14.6 |
10.3 |
5.0 |
0.5 |
7.5 |
|
Interest Income (Expense) - Net Non-Operating |
0.0 |
0.0 |
- |
- |
- |
|
Interest Income (Expense) - Net Non-Operating Total |
10.2 |
7.6 |
-0.7 |
-5.8 |
2.9 |
|
Gain (Loss) on Sale of Assets |
- |
- |
0.0 |
-0.1 |
0.0 |
|
Other Non-Operating Income (Expense) |
0.7 |
1.0 |
2.3 |
1.7 |
1.2 |
|
Other, Net |
0.7 |
1.0 |
2.3 |
1.7 |
1.2 |
|
Income Before Tax |
73.9 |
83.1 |
36.9 |
75.3 |
40.6 |
|
|
|
|
|
|
|
|
Total Income Tax |
14.1 |
18.2 |
9.3 |
17.7 |
11.4 |
|
Income After Tax |
59.8 |
64.8 |
27.6 |
57.6 |
29.2 |
|
|
|
|
|
|
|
|
Minority Interest |
1.3 |
-0.1 |
- |
- |
- |
|
Net Income Before Extraord Items |
61.1 |
64.8 |
27.6 |
57.6 |
29.2 |
|
Net Income |
61.1 |
64.8 |
27.6 |
57.6 |
29.2 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
61.1 |
64.8 |
27.6 |
57.6 |
29.2 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
61.1 |
64.8 |
27.6 |
57.6 |
29.2 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
6.6 |
6.6 |
6.6 |
6.6 |
6.6 |
|
Basic EPS Excl Extraord Items |
9.29 |
9.84 |
4.19 |
8.75 |
4.43 |
|
Basic/Primary EPS Incl Extraord Items |
9.29 |
9.84 |
4.19 |
8.75 |
4.43 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
61.1 |
64.8 |
27.6 |
57.6 |
29.2 |
|
Diluted Weighted Average Shares |
6.6 |
6.6 |
6.6 |
6.6 |
6.6 |
|
Diluted EPS Excl Extraord Items |
9.29 |
9.84 |
4.19 |
8.75 |
4.43 |
|
Diluted EPS Incl Extraord Items |
9.29 |
9.84 |
4.19 |
8.75 |
4.43 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.95 |
0.78 |
0.91 |
0.81 |
|
Gross Dividends - Common Stock |
0.0 |
6.3 |
5.2 |
6.0 |
5.3 |
|
Interest Expense, Supplemental |
4.4 |
2.7 |
5.7 |
6.3 |
4.6 |
|
Depreciation, Supplemental |
17.9 |
13.3 |
11.8 |
11.6 |
12.3 |
|
Total Special Items |
-0.5 |
-0.6 |
0.0 |
0.1 |
0.0 |
|
Normalized Income Before Tax |
73.4 |
82.5 |
36.8 |
75.5 |
40.6 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
-0.1 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Inc Tax Ex Impact of Sp Items |
14.0 |
18.1 |
9.3 |
17.8 |
11.4 |
|
Normalized Income After Tax |
59.4 |
64.4 |
27.6 |
57.7 |
29.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
60.7 |
64.3 |
27.6 |
57.7 |
29.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
9.22 |
9.77 |
4.18 |
8.77 |
4.43 |
|
Diluted Normalized EPS |
9.22 |
9.77 |
4.18 |
8.77 |
4.43 |
|
Amort of Intangibles, Supplemental |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Rental Expenses |
1.1 |
0.6 |
0.6 |
0.7 |
0.7 |
|
Advertising Expense, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Research & Development Exp, Supplemental |
3.4 |
1.6 |
- |
- |
- |
|
Normalized EBIT |
64.3 |
73.9 |
35.3 |
79.5 |
36.5 |
|
Normalized EBITDA |
82.3 |
87.2 |
47.1 |
91.2 |
48.9 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
62.6 |
59.9 |
54.6 |
58.6 |
25.3 |
|
Short Term Investments |
21.6 |
40.4 |
11.2 |
6.0 |
24.6 |
|
Cash and Short Term Investments |
84.2 |
100.3 |
65.8 |
64.6 |
49.9 |
|
Accounts Receivable -
Trade, Gross |
150.5 |
96.6 |
63.0 |
110.0 |
56.9 |
|
Provision for Doubtful
Accounts |
-0.5 |
-0.3 |
-0.3 |
-1.3 |
-0.4 |
|
Trade Accounts Receivable - Net |
150.2 |
96.7 |
62.9 |
108.8 |
56.6 |
|
Other Receivables |
15.6 |
7.2 |
8.5 |
10.6 |
1.3 |
|
Total Receivables, Net |
165.8 |
103.8 |
71.3 |
119.4 |
57.9 |
|
Inventories - Finished Goods |
16.6 |
17.6 |
17.2 |
29.1 |
14.1 |
|
Inventories - Work In Progress |
4.5 |
2.5 |
2.6 |
4.1 |
1.5 |
|
Inventories - Raw Materials |
67.3 |
10.5 |
11.9 |
37.5 |
7.1 |
|
Inventories - Other |
35.0 |
20.3 |
33.5 |
31.3 |
9.3 |
|
Total Inventory |
123.5 |
50.9 |
65.2 |
102.0 |
32.0 |
|
Prepaid Expenses |
- |
- |
0.3 |
0.2 |
0.3 |
|
Deferred Income Tax - Current Asset |
- |
- |
- |
2.3 |
0.2 |
|
Other Current Assets |
10.1 |
10.6 |
0.2 |
1.4 |
0.6 |
|
Other Current Assets, Total |
10.1 |
10.6 |
0.2 |
3.7 |
0.8 |
|
Total Current Assets |
383.6 |
265.6 |
202.8 |
289.9 |
140.8 |
|
|
|
|
|
|
|
|
Buildings |
55.2 |
46.6 |
44.0 |
38.8 |
45.2 |
|
Land/Improvements |
43.9 |
42.7 |
44.3 |
47.7 |
46.5 |
|
Machinery/Equipment |
267.9 |
213.2 |
191.8 |
178.4 |
197.9 |
|
Construction in
Progress |
114.7 |
12.3 |
7.4 |
2.8 |
4.1 |
|
Other
Property/Plant/Equipment |
7.6 |
5.9 |
4.7 |
4.3 |
5.2 |
|
Property/Plant/Equipment - Gross |
489.3 |
320.7 |
292.2 |
271.9 |
298.9 |
|
Accumulated Depreciation |
-172.6 |
-156.3 |
-145.6 |
-124.8 |
-149.2 |
|
Property/Plant/Equipment - Net |
316.7 |
164.4 |
146.6 |
147.2 |
149.7 |
|
Intangibles, Net |
11.5 |
6.6 |
1.2 |
1.2 |
1.1 |
|
LT Investment - Affiliate Companies |
41.4 |
34.2 |
24.0 |
18.4 |
16.3 |
|
LT Investments - Other |
80.4 |
88.1 |
37.0 |
27.9 |
19.6 |
|
Long Term Investments |
121.8 |
122.3 |
61.0 |
46.3 |
35.9 |
|
Note Receivable - Long Term |
- |
0.0 |
- |
0.2 |
0.6 |
|
Other Long Term Assets |
2.1 |
0.4 |
5.1 |
3.7 |
5.5 |
|
Other Long Term Assets, Total |
2.1 |
0.4 |
5.1 |
3.7 |
5.5 |
|
Total Assets |
835.7 |
559.3 |
416.7 |
488.6 |
333.7 |
|
|
|
|
|
|
|
|
Accounts Payable |
64.6 |
31.1 |
26.3 |
77.7 |
11.3 |
|
Accrued Expenses |
2.3 |
0.2 |
1.3 |
2.4 |
1.2 |
|
Notes Payable/Short Term Debt |
184.0 |
77.7 |
78.2 |
133.4 |
50.9 |
|
Current Portion - Long Term Debt/Capital Leases |
3.1 |
15.3 |
3.8 |
5.7 |
6.6 |
|
Customer Advances |
1.7 |
0.6 |
0.8 |
0.5 |
0.6 |
|
Income Taxes Payable |
1.3 |
11.1 |
5.8 |
8.3 |
5.4 |
|
Other Payables |
22.1 |
16.1 |
9.9 |
11.8 |
10.6 |
|
Deferred Income Tax - Current Liability |
- |
- |
0.1 |
- |
- |
|
Other Current Liabilities |
1.3 |
1.8 |
0.6 |
0.7 |
0.6 |
|
Other Current liabilities, Total |
26.4 |
29.5 |
17.2 |
21.3 |
17.2 |
|
Total Current Liabilities |
280.4 |
153.8 |
126.7 |
240.6 |
87.2 |
|
|
|
|
|
|
|
|
Long Term Debt |
111.3 |
9.4 |
24.1 |
25.9 |
22.2 |
|
Total Long Term Debt |
111.3 |
9.4 |
24.1 |
25.9 |
22.2 |
|
Total Debt |
298.4 |
102.4 |
106.1 |
165.0 |
79.7 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
24.5 |
25.9 |
11.4 |
10.3 |
8.4 |
|
Deferred Income Tax |
24.5 |
25.9 |
11.4 |
10.3 |
8.4 |
|
Minority Interest |
7.1 |
1.8 |
- |
- |
- |
|
Reserves |
0.3 |
- |
- |
- |
- |
|
Pension Benefits - Underfunded |
4.9 |
2.4 |
3.1 |
3.1 |
4.0 |
|
Other Long Term Liabilities |
2.0 |
1.7 |
0.4 |
0.3 |
0.4 |
|
Other Liabilities, Total |
7.2 |
4.0 |
3.4 |
3.4 |
4.4 |
|
Total Liabilities |
430.5 |
194.9 |
165.6 |
280.1 |
122.3 |
|
|
|
|
|
|
|
|
Common Stock |
28.6 |
29.0 |
28.3 |
26.1 |
35.2 |
|
Common Stock |
28.6 |
29.0 |
28.3 |
26.1 |
35.2 |
|
Additional Paid-In Capital |
10.5 |
10.6 |
26.0 |
24.1 |
34.2 |
|
Retained Earnings (Accumulated Deficit) |
343.2 |
292.2 |
191.2 |
154.0 |
144.8 |
|
Unrealized Gain (Loss) |
23.0 |
32.5 |
-3.4 |
-7.6 |
-2.0 |
|
Translation Adjustment |
- |
- |
8.9 |
11.8 |
-0.8 |
|
Other Equity |
- |
- |
- |
- |
- |
|
Other Equity, Total |
- |
- |
8.9 |
11.8 |
-0.8 |
|
Total Equity |
405.3 |
364.4 |
251.1 |
208.4 |
211.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
835.7 |
559.3 |
416.7 |
488.6 |
333.7 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
6.6 |
6.6 |
6.6 |
6.6 |
6.6 |
|
Total Common Shares Outstanding |
6.6 |
6.6 |
6.6 |
6.6 |
6.6 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
410 |
362 |
350 |
352 |
351 |
|
Number of Common Shareholders |
- |
1,915 |
1,761 |
1,609 |
1,359 |
|
Accumulated Intangible Amort, Suppl. |
0.4 |
0.3 |
0.4 |
0.3 |
1.6 |
|
Deferred Revenue - Current |
1.7 |
0.6 |
0.8 |
0.5 |
0.6 |
|
Total Long Term Debt, Supplemental |
114.4 |
24.7 |
25.7 |
30.0 |
28.8 |
|
Long Term Debt Maturing within 1 Year |
3.1 |
15.3 |
1.6 |
4.1 |
6.6 |
|
Long Term Debt Maturing in Year 2 |
22.0 |
2.3 |
14.9 |
3.6 |
7.4 |
|
Long Term Debt Maturing in Year 3 |
22.0 |
2.3 |
3.1 |
13.6 |
4.3 |
|
Long Term Debt Maturing in Year 4 |
22.0 |
2.3 |
3.1 |
2.8 |
2.9 |
|
Long Term Debt Maturing in Year 5 |
22.0 |
2.3 |
1.6 |
2.8 |
2.9 |
|
Long Term Debt Maturing in 2-3 Years |
43.9 |
4.6 |
18.0 |
17.3 |
11.7 |
|
Long Term Debt Maturing in 4-5 Years |
43.9 |
4.6 |
4.7 |
5.6 |
5.8 |
|
Long Term Debt Matur. in Year 6 & Beyond |
23.4 |
0.1 |
1.4 |
3.0 |
4.7 |
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 |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
59.8 |
64.8 |
27.6 |
57.6 |
29.2 |
|
Depreciation |
17.9 |
13.3 |
11.8 |
11.6 |
12.3 |
|
Depreciation/Depletion |
17.9 |
13.3 |
11.8 |
11.6 |
12.3 |
|
Amortization of Intangibles |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Amortization |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Deferred Taxes |
- |
- |
2.3 |
2.3 |
3.0 |
|
Unusual Items |
1.4 |
-1.1 |
-4.6 |
6.4 |
-1.4 |
|
Equity in Net Earnings (Loss) |
-8.7 |
-3.3 |
-0.6 |
-4.5 |
-2.6 |
|
Other Non-Cash Items |
17.5 |
18.7 |
0.4 |
5.9 |
4.0 |
|
Non-Cash Items |
10.1 |
14.3 |
-4.8 |
7.8 |
0.0 |
|
Accounts Receivable |
-61.8 |
-28.2 |
52.1 |
-73.0 |
-15.5 |
|
Inventories |
-74.8 |
4.9 |
40.0 |
-83.9 |
2.2 |
|
Prepaid Expenses |
- |
- |
-0.1 |
0.0 |
0.0 |
|
Other Assets |
-0.3 |
2.9 |
1.3 |
0.4 |
1.6 |
|
Accounts Payable |
40.9 |
7.5 |
-54.6 |
72.4 |
-3.8 |
|
Accrued Expenses |
1.2 |
-0.1 |
-1.2 |
1.4 |
-0.1 |
|
Taxes Payable |
- |
- |
-3.5 |
5.3 |
1.4 |
|
Other Liabilities |
-1.5 |
-2.8 |
-2.4 |
-2.1 |
-3.8 |
|
Other Operating Cash Flow |
-23.4 |
-11.8 |
0.6 |
0.3 |
0.4 |
|
Changes in Working Capital |
-119.7 |
-27.5 |
32.2 |
-79.2 |
-17.7 |
|
Cash from Operating Activities |
-31.8 |
65.0 |
69.2 |
0.2 |
26.8 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-178.8 |
-21.2 |
-10.3 |
-37.7 |
-13.4 |
|
Purchase/Acquisition of Intangibles |
-5.5 |
-0.5 |
- |
-0.1 |
-0.1 |
|
Capital Expenditures |
-184.2 |
-21.7 |
-10.3 |
-37.7 |
-13.5 |
|
Sale of Fixed Assets |
1.2 |
1.3 |
0.2 |
0.1 |
0.5 |
|
Sale/Maturity of Investment |
143.3 |
83.4 |
15.4 |
15.0 |
59.4 |
|
Purchase of Investments |
-126.9 |
-112.4 |
-19.5 |
-39.2 |
-59.3 |
|
Sale of Intangible Assets |
0.9 |
0.3 |
- |
- |
- |
|
Other Investing Cash Flow |
-0.6 |
- |
-0.7 |
0.3 |
-0.6 |
|
Other Investing Cash Flow Items, Total |
18.0 |
-27.4 |
-4.5 |
-23.9 |
0.0 |
|
Cash from Investing Activities |
-166.3 |
-49.1 |
-14.9 |
-61.7 |
-13.5 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
- |
- |
3.1 |
-1.8 |
-24.8 |
|
Financing Cash Flow Items |
- |
- |
3.1 |
-1.8 |
-24.8 |
|
Total Cash Dividends Paid |
-6.5 |
-5.7 |
-5.2 |
-4.5 |
-5.3 |
|
Sale/Issuance of
Common |
7.4 |
- |
- |
- |
- |
|
Common Stock, Net |
7.4 |
- |
- |
- |
- |
|
Issuance (Retirement) of Stock, Net |
7.4 |
- |
- |
- |
- |
|
Short Term Debt Issued |
435.8 |
172.4 |
227.6 |
262.0 |
99.6 |
|
Short Term Debt
Reduction |
-329.4 |
-175.1 |
-287.8 |
-158.2 |
-89.1 |
|
Short Term Debt, Net |
106.4 |
-2.7 |
-60.2 |
103.8 |
10.5 |
|
Long Term Debt Issued |
109.3 |
- |
- |
16.6 |
10.8 |
|
Long Term Debt
Reduction |
-15.7 |
-3.8 |
- |
-7.0 |
- |
|
Long Term Debt, Net |
93.6 |
-3.8 |
- |
9.5 |
10.8 |
|
Issuance (Retirement) of Debt, Net |
200.0 |
-6.6 |
-60.2 |
113.3 |
21.3 |
|
Cash from Financing Activities |
200.8 |
-12.3 |
-62.3 |
107.0 |
-8.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
1.0 |
0.0 |
- |
- |
0.3 |
|
Net Change in Cash |
3.7 |
3.7 |
-7.9 |
45.5 |
4.7 |
|
Net Cash - Beginning Balance |
61.4 |
55.1 |
57.8 |
21.5 |
20.7 |
|
Net Cash - Ending Balance |
65.1 |
58.8 |
49.9 |
67.0 |
25.5 |
|
Cash Interest Paid |
4.4 |
2.9 |
- |
- |
- |
|
Cash Taxes Paid |
23.4 |
11.9 |
- |
- |
- |
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 |
Updated 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 |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Merchandise Revenues |
- |
- |
42.1 |
122.2 |
25.8 |
|
Finished Products |
- |
- |
388.7 |
416.2 |
309.4 |
|
Sales Revenue |
616.2 |
497.3 |
- |
- |
- |
|
Total Revenue |
616.2 |
497.3 |
430.8 |
538.4 |
335.1 |
|
|
|
|
|
|
|
|
Costs of Goods and Services Sold |
491.9 |
372.1 |
- |
- |
- |
|
Cost-Merchandise |
- |
- |
39.7 |
117.3 |
22.3 |
|
Cost of Finish. Good |
- |
- |
320.7 |
299.2 |
234.4 |
|
Salaries |
- |
- |
5.6 |
6.9 |
6.4 |
|
Salaries and Wages-Senior Employee |
2.6 |
2.2 |
- |
- |
- |
|
Salaries and Wages-General Employee |
6.3 |
5.0 |
- |
- |
- |
|
Retirement & Severance Benefits |
0.7 |
0.8 |
0.7 |
0.9 |
1.6 |
|
Employee Benefits |
1.5 |
1.1 |
0.8 |
0.9 |
1.0 |
|
Travel Expense |
0.9 |
0.7 |
0.4 |
0.7 |
0.5 |
|
Shipping & Handling Expense |
0.0 |
- |
0.1 |
0.2 |
0.2 |
|
Electricity Expense |
0.0 |
0.0 |
- |
- |
- |
|
Utility Expenses |
- |
- |
0.0 |
0.0 |
0.0 |
|
Vehicles Expense |
0.5 |
0.4 |
0.3 |
0.3 |
0.3 |
|
Taxes and Dues |
1.2 |
0.8 |
1.2 |
0.6 |
0.7 |
|
Amort of Intangibles |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Rental Expenses |
1.1 |
0.6 |
0.6 |
0.7 |
0.7 |
|
Depreciation Expense |
0.9 |
0.7 |
0.4 |
0.4 |
0.5 |
|
Advertising Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
R & D Expense |
3.4 |
1.6 |
- |
- |
- |
|
Repair Expense |
0.3 |
0.1 |
0.1 |
0.1 |
0.4 |
|
Insurance Expense |
0.6 |
0.5 |
0.4 |
0.3 |
0.1 |
|
Entertainment Expense |
0.7 |
0.5 |
0.3 |
0.4 |
0.4 |
|
Consumable Expense |
0.3 |
0.3 |
0.1 |
0.1 |
0.2 |
|
Education & Training Expense |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Newspaper Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Commissions Paid |
2.6 |
2.4 |
1.7 |
2.9 |
2.4 |
|
Communication Expenses |
0.2 |
0.1 |
- |
- |
- |
|
Products Shipping & Handling Expense |
13.4 |
- |
10.0 |
10.8 |
11.9 |
|
Goods Selling Expenses |
- |
- |
12.2 |
14.6 |
14.4 |
|
Expenses for Samples |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Expenses of Allowance for Doubtful Accou |
0.2 |
0.2 |
- |
1.3 |
0.2 |
|
Provision for Restoration |
0.0 |
- |
- |
- |
- |
|
Selling Expense-Export Products |
20.0 |
11.7 |
- |
- |
- |
|
Selling Expense-Domestic Products |
2.3 |
19.0 |
- |
- |
- |
|
Selling Expense-Import Merchandise |
0.1 |
2.0 |
- |
- |
- |
|
Selling Expense-Domestic Merchandise |
0.0 |
0.1 |
- |
- |
- |
|
Gain on Disposal of Property, Plant and |
-0.4 |
-0.9 |
- |
- |
- |
|
Loss on Disposal of Property, Plant and |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Scraping of Property, Plant and |
0.2 |
0.1 |
- |
- |
- |
|
Gain on Disposal of Intangible Assets |
-0.1 |
- |
- |
- |
- |
|
Impairment Loss on Intangible Assets |
- |
0.2 |
- |
- |
- |
|
Recovery of Impairment Loss on Intangibl |
-0.3 |
- |
- |
- |
- |
|
Loss on Valuation of Inventory |
1.8 |
- |
- |
- |
- |
|
Commission Income |
-0.1 |
-0.1 |
- |
- |
- |
|
Rental Income |
-0.1 |
- |
- |
- |
- |
|
Adjustment for Selling and Administrativ |
- |
0.0 |
- |
- |
- |
|
Adjustment for Other Non-Operating Incom |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Other Operating Income |
0.0 |
0.0 |
- |
- |
- |
|
Total Operating Expense |
553.2 |
422.8 |
395.5 |
458.9 |
298.6 |
|
|
|
|
|
|
|
|
Interest Income |
3.5 |
2.8 |
1.6 |
2.3 |
1.7 |
|
Dividend Income |
0.6 |
0.4 |
0.3 |
0.2 |
0.3 |
|
Fees Received |
- |
- |
0.3 |
0.2 |
0.1 |
|
Miscellaneous Income |
1.8 |
1.7 |
2.0 |
2.2 |
1.9 |
|
Recovery-Loan Loss Reserve |
- |
- |
0.9 |
- |
- |
|
Gain on Foreign Currency Transactions |
12.4 |
6.0 |
15.1 |
22.0 |
1.4 |
|
Gain on Foreign Currency Translations |
5.1 |
1.8 |
1.7 |
17.9 |
1.7 |
|
G-Currency Futr Trad |
- |
- |
5.6 |
- |
0.1 |
|
G-Currency Futr Value |
- |
- |
0.1 |
1.6 |
0.0 |
|
Gain on Derivatives Transaction |
1.5 |
3.4 |
- |
- |
- |
|
Gain on Valuations of Derivatives |
- |
0.2 |
- |
- |
- |
|
G-ST Investment Assets |
- |
- |
3.1 |
0.4 |
1.5 |
|
Gain-Valuation of ST Investment Assets |
- |
- |
1.4 |
- |
- |
|
G-Disposal of Financial Assets at Fair V |
0.2 |
0.2 |
- |
- |
- |
|
G-Valuation of Financial Assets at Fair |
- |
0.3 |
- |
- |
- |
|
G-Tang Asst Disposal |
- |
- |
0.1 |
0.0 |
0.1 |
|
Interest Expenses |
-4.4 |
-2.7 |
-5.7 |
-6.3 |
-4.6 |
|
Miscellaneous Loss |
-1.0 |
-0.6 |
-0.9 |
-0.5 |
-0.8 |
|
Donations Paid |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
0.0 |
|
Loss-Reduction of Investment Securities |
- |
- |
- |
-0.3 |
- |
|
Impair. Loss on Finan. Assets Avai. Sale |
-0.2 |
- |
- |
- |
- |
|
Loss-Valuation of ST Investment Assets |
- |
- |
0.0 |
-7.5 |
- |
|
Loss-Disposal of Investment Assets |
- |
- |
- |
-0.4 |
0.0 |
|
Loss on Foreign Currency Transactions |
-11.4 |
-6.0 |
-21.8 |
-21.7 |
-1.0 |
|
Loss on Foreign Currency Translations |
-5.1 |
-0.7 |
-0.9 |
-18.4 |
-0.9 |
|
Loss-Currency Forwards Transaction |
- |
- |
-1.9 |
0.0 |
- |
|
Loss-Valuation of Currency Forwards |
- |
- |
0.0 |
- |
0.0 |
|
L-Valuation of Financial Assets at Fair |
-0.1 |
- |
- |
- |
- |
|
Loss on Derivative Transaction |
-0.5 |
-1.6 |
- |
- |
- |
|
L-Tang.Asst Disposal |
- |
- |
0.0 |
0.0 |
0.0 |
|
L-Tang.Asst Scraping |
- |
- |
0.0 |
-0.1 |
0.0 |
|
Gain under Equity Method |
- |
- |
2.4 |
4.5 |
2.6 |
|
Loss under Equity Method |
- |
- |
-1.8 |
- |
- |
|
Gain/Loss on Investments in Affiliates |
8.7 |
3.3 |
- |
- |
- |
|
Adjustment for Finance Income |
- |
0.0 |
- |
- |
- |
|
Adjustment for Finance Expense |
0.0 |
- |
- |
- |
- |
|
Adjustment for Other Non-Operating Incom |
- |
0.0 |
- |
- |
- |
|
Net Income Before Taxes |
73.9 |
83.1 |
36.9 |
75.3 |
40.6 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
14.1 |
18.2 |
9.3 |
17.7 |
11.4 |
|
Net Income After Taxes |
59.8 |
64.8 |
27.6 |
57.6 |
29.2 |
|
|
|
|
|
|
|
|
Minority Interest |
1.3 |
-0.1 |
- |
- |
- |
|
Net Income Before Extra. Items |
61.1 |
64.8 |
27.6 |
57.6 |
29.2 |
|
Net Income |
61.1 |
64.8 |
27.6 |
57.6 |
29.2 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
61.1 |
64.8 |
27.6 |
57.6 |
29.2 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
61.1 |
64.8 |
27.6 |
57.6 |
29.2 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
6.6 |
6.6 |
6.6 |
6.6 |
6.6 |
|
Basic EPS Excluding ExtraOrdinary Items |
9.29 |
9.84 |
4.19 |
8.75 |
4.43 |
|
Basic EPS Including ExtraOrdinary Items |
9.29 |
9.84 |
4.19 |
8.75 |
4.43 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
61.1 |
64.8 |
27.6 |
57.6 |
29.2 |
|
Diluted Weighted Average Shares |
6.6 |
6.6 |
6.6 |
6.6 |
6.6 |
|
Diluted EPS Excluding ExtraOrd Items |
9.29 |
9.84 |
4.19 |
8.75 |
4.43 |
|
Diluted EPS Including ExtraOrd Items |
9.29 |
9.84 |
4.19 |
8.75 |
4.43 |
|
DPS-Common Stock |
0.00 |
0.95 |
0.78 |
0.91 |
0.81 |
|
Gross Dividends - Common Stock |
0.0 |
6.3 |
5.2 |
6.0 |
5.3 |
|
Normalized Income Before Taxes |
73.4 |
82.5 |
36.8 |
75.5 |
40.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex. Impact of Sp Items |
14.0 |
18.1 |
9.3 |
17.8 |
11.4 |
|
Normalized Income After Taxes |
59.4 |
64.4 |
27.6 |
57.7 |
29.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
60.7 |
64.3 |
27.6 |
57.7 |
29.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
9.22 |
9.77 |
4.18 |
8.77 |
4.43 |
|
Diluted Normalized EPS |
9.22 |
9.77 |
4.18 |
8.77 |
4.43 |
|
Advertising Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense |
4.4 |
2.7 |
5.7 |
6.3 |
4.6 |
|
Amort of Intangibles |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Rental Expense |
1.1 |
0.6 |
0.6 |
0.7 |
0.7 |
|
Depreciation |
17.9 |
13.3 |
11.8 |
11.6 |
12.3 |
|
R&D Expense, Supplemental |
3.4 |
1.6 |
- |
- |
- |
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 |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Cash Equivalents |
62.6 |
59.9 |
54.6 |
58.6 |
25.3 |
|
ST Finl Assets |
17.4 |
33.5 |
4.9 |
- |
5.3 |
|
Short-Term Investment Assets |
- |
- |
6.3 |
6.0 |
19.3 |
|
Financial Assets at Fair Value Through P |
3.5 |
5.8 |
- |
- |
- |
|
Current Securities Available-for-Sale |
0.6 |
0.8 |
- |
- |
- |
|
Current Securities Held-to-Maturities |
0.0 |
0.1 |
- |
- |
- |
|
Other Financial Instruments |
0.1 |
0.2 |
- |
- |
- |
|
Trade Receivables, Gross |
150.5 |
96.6 |
63.0 |
110.0 |
56.9 |
|
Allw-Doubtful Ac |
-0.5 |
-0.3 |
-0.3 |
-1.3 |
-0.4 |
|
Account Receivables |
15.6 |
7.2 |
8.5 |
10.6 |
1.3 |
|
Accrued Income |
0.2 |
0.4 |
0.2 |
0.1 |
0.1 |
|
Advance Payments |
- |
- |
12.0 |
1.3 |
0.3 |
|
Prepaid Expenses |
- |
- |
0.3 |
0.2 |
0.3 |
|
Other Quick Asst |
- |
- |
0.1 |
0.1 |
0.1 |
|
Currency Futures |
- |
- |
0.1 |
1.4 |
0.4 |
|
Other Current Assets |
10.1 |
10.6 |
- |
- |
- |
|
Deferred Income Taxes-Debit, Current |
- |
- |
- |
2.3 |
0.2 |
|
Merchandise |
4.0 |
3.2 |
4.2 |
6.6 |
7.5 |
|
Finished Goods |
12.7 |
14.3 |
12.9 |
22.6 |
6.6 |
|
Works in Process |
4.5 |
2.5 |
2.6 |
4.1 |
1.5 |
|
Raw Materials |
67.3 |
10.5 |
11.9 |
37.5 |
7.1 |
|
Stored Goods |
10.1 |
8.1 |
7.1 |
5.7 |
5.7 |
|
Goods in Transit |
24.9 |
12.1 |
14.4 |
24.3 |
3.3 |
|
Adjustment for Trade & Other Receivables |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Inventories |
0.0 |
0.0 |
- |
- |
- |
|
Total Current Assets |
383.6 |
265.6 |
202.8 |
289.9 |
140.8 |
|
|
|
|
|
|
|
|
LT Finl Assets |
0.0 |
0.0 |
0.0 |
0.4 |
0.2 |
|
Long-term Loans |
- |
- |
- |
0.2 |
0.6 |
|
Non-Current Other Receivables |
- |
0.0 |
- |
- |
- |
|
LT Invest Secs. |
- |
- |
37.0 |
27.5 |
19.4 |
|
Non-Current Securities Available-for-Sal |
72.1 |
82.6 |
- |
- |
- |
|
Non-Current Securities Held-to-Maturitie |
0.7 |
0.5 |
- |
- |
- |
|
Investment in Properties |
7.6 |
5.0 |
- |
- |
- |
|
Inv. Secs. Under Equity Method |
- |
- |
24.0 |
18.4 |
16.3 |
|
Investment in Affiliates |
41.4 |
34.2 |
- |
- |
- |
|
LT Guarantee Dep |
- |
- |
5.1 |
3.7 |
5.5 |
|
Non-Current Rental Guarantee Deposits |
1.6 |
0.3 |
- |
- |
- |
|
Present Discount for Non-Current Guarant |
-0.1 |
- |
- |
- |
- |
|
Other Non-Current Guarantee Deposits |
0.0 |
0.0 |
- |
- |
- |
|
Other Non-Current Assets |
0.6 |
0.1 |
- |
- |
- |
|
Lands |
51.2 |
50.2 |
44.3 |
47.7 |
46.5 |
|
Government Subsidy for Land |
-7.4 |
-7.5 |
- |
- |
- |
|
Buildings |
- |
- |
32.7 |
28.1 |
33.4 |
|
Deprec-Buildings |
- |
- |
-10.6 |
-9.0 |
-10.6 |
|
Structures |
- |
- |
11.2 |
10.7 |
11.8 |
|
Deprec-Structure |
- |
- |
-5.3 |
-4.6 |
-5.3 |
|
Buildings & Structures |
55.2 |
46.6 |
- |
- |
- |
|
Buildings & Structures-Depreciation |
-19.5 |
-17.9 |
- |
- |
- |
|
Machineries & Equipments |
265.3 |
211.1 |
190.1 |
176.8 |
195.8 |
|
Machineries & Equipments-Depreciation |
-148.1 |
-134.0 |
-125.7 |
-107.7 |
-129.3 |
|
Vehicles |
2.6 |
2.1 |
1.6 |
1.6 |
2.1 |
|
Vehicles-Depreciation |
-1.3 |
-1.2 |
-1.2 |
-1.1 |
-1.3 |
|
Other Property Plant & Equipment |
7.6 |
5.9 |
4.7 |
4.3 |
5.2 |
|
Other Tangible Assets-Depreciation |
-3.7 |
-3.2 |
-2.7 |
-2.4 |
-2.6 |
|
Construc in Prog |
114.7 |
12.3 |
7.4 |
2.8 |
4.1 |
|
Land Use Right |
1.6 |
1.6 |
1.0 |
1.1 |
1.0 |
|
Membership Rights |
5.5 |
4.9 |
- |
- |
- |
|
Other Intangible |
4.4 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Adjustment for Property, Plant & Equipme |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Intangible Assets |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Non-Current Financial Ins |
0.0 |
0.0 |
- |
- |
- |
|
Total Assets |
835.7 |
559.3 |
416.7 |
488.6 |
333.7 |
|
|
|
|
|
|
|
|
Current Trade Payables |
64.6 |
31.1 |
26.3 |
77.7 |
11.3 |
|
Accounts Payable |
22.1 |
16.1 |
9.9 |
11.8 |
10.6 |
|
Advance from Customers, Current Liabilit |
1.7 |
0.6 |
0.8 |
0.5 |
0.6 |
|
Withholdings |
1.2 |
0.9 |
0.5 |
0.7 |
0.6 |
|
Current Employee Benefits Liabilities |
0.1 |
0.9 |
- |
- |
- |
|
Accrued Expenses |
2.3 |
0.2 |
1.3 |
2.4 |
1.2 |
|
Inc Tax Payable |
1.3 |
11.1 |
5.8 |
8.3 |
5.4 |
|
Current Borrowings |
184.0 |
77.7 |
78.2 |
133.4 |
50.9 |
|
Current Portion of Long-term Borrowings |
3.1 |
15.3 |
3.8 |
5.7 |
6.6 |
|
Currency Futures, Current |
- |
- |
0.0 |
- |
- |
|
Deferred Income Tax Credits |
- |
- |
0.1 |
- |
- |
|
Adjustment for Current Trade & Other Pay |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Current Borrowings |
- |
0.0 |
- |
- |
- |
|
Adjustment for Other Current Liabilities |
- |
0.0 |
- |
- |
- |
|
Total Current Liability |
280.4 |
153.8 |
126.7 |
240.6 |
87.2 |
|
|
|
|
|
|
|
|
Long-term Borrowings |
111.3 |
9.4 |
24.1 |
25.9 |
22.2 |
|
Total Long Term Debt |
111.3 |
9.4 |
24.1 |
25.9 |
22.2 |
|
|
|
|
|
|
|
|
Other Non-Current Liabilities |
- |
- |
0.4 |
0.3 |
0.4 |
|
Non-Current Financial Deposits Liabiliti |
0.2 |
- |
- |
- |
- |
|
Other Non-Current Employee Benefits Lia |
1.4 |
1.3 |
- |
- |
- |
|
Rental Guarantee Deposits, Non-Current L |
0.4 |
0.4 |
- |
- |
- |
|
Deferred Income Taxes, Non-Current Liabi |
24.5 |
25.9 |
11.4 |
10.3 |
8.4 |
|
Retirement & Severance Benefits, Non-Cur |
4.9 |
2.4 |
- |
- |
- |
|
Retirement Resrv |
- |
- |
10.3 |
3.1 |
4.0 |
|
Deposit-Retirement Insurance |
- |
- |
-7.2 |
- |
- |
|
Transfer to National Pension Fund |
- |
- |
0.0 |
- |
- |
|
Non-Current Provisions |
0.3 |
- |
- |
- |
- |
|
Minority Interests |
7.1 |
1.8 |
- |
- |
- |
|
Adjustment for Other Non-Current Financi |
0.0 |
- |
- |
- |
- |
|
Total Liabilities |
430.5 |
194.9 |
165.6 |
280.1 |
122.3 |
|
|
|
|
|
|
|
|
Common Stock |
28.6 |
29.0 |
28.3 |
26.1 |
35.2 |
|
Consolidated Capital Surplus |
- |
- |
- |
- |
34.2 |
|
Additional Paid in Capital |
10.5 |
10.6 |
10.4 |
9.6 |
- |
|
Reserve for Assets Revaluation |
- |
- |
15.7 |
14.5 |
- |
|
Legal Reserve |
- |
- |
8.1 |
7.0 |
8.9 |
|
Voluntary Reserve |
- |
- |
152.8 |
96.7 |
107.0 |
|
Retained Earning Carried Forward |
- |
- |
30.2 |
50.3 |
29.0 |
|
Retained Earnings or Accumulated Deficit |
326.4 |
280.3 |
- |
- |
- |
|
Reserve for Foreign Currency Translation |
16.9 |
11.9 |
- |
- |
- |
|
Gain/Losses on Valuation of Securities A |
20.8 |
29.9 |
- |
- |
- |
|
G-ST Inv. Assets Valuation |
- |
- |
- |
- |
0.1 |
|
L-Value ST Investment Assets |
- |
- |
-0.7 |
-0.7 |
-0.9 |
|
L-Inv.Secs Valu |
- |
- |
-8.2 |
-9.6 |
-5.5 |
|
G-LT Inv. Securities Valuation |
- |
- |
3.9 |
0.5 |
4.1 |
|
Capital Change, Equity Method(Gain) |
- |
- |
2.1 |
2.2 |
0.2 |
|
Capital Change, Equity Method (Loss) |
- |
- |
-0.4 |
- |
- |
|
Equity Method-Affiliates |
2.2 |
2.6 |
- |
- |
- |
|
Overseas Business Translation Credit |
- |
- |
8.9 |
11.8 |
-0.8 |
|
Adjustment for Other Capital Items |
- |
- |
- |
- |
- |
|
Total Equity |
405.3 |
364.4 |
251.1 |
208.4 |
211.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
835.7 |
559.3 |
416.7 |
488.6 |
333.7 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
6.6 |
6.6 |
6.6 |
6.6 |
6.6 |
|
Total Common Shares Outstanding |
6.6 |
6.6 |
6.6 |
6.6 |
6.6 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accumulated Intangible Amort. |
0.4 |
0.3 |
0.4 |
0.3 |
1.6 |
|
Deferred Revenue, Current |
1.7 |
0.6 |
0.8 |
0.5 |
0.6 |
|
Full-Time Employees |
410 |
362 |
350 |
352 |
351 |
|
Number of Common Shareholders |
- |
1,915 |
1,761 |
1,609 |
1,359 |
|
LT Debt 1 yrs |
3.1 |
15.3 |
1.6 |
4.1 |
6.6 |
|
LT Debt 2 yrs |
- |
- |
14.9 |
3.6 |
7.4 |
|
LT Debt 3 yrs |
- |
- |
3.1 |
13.6 |
4.3 |
|
LT Debt 4 yrs |
- |
- |
3.1 |
2.8 |
2.9 |
|
LT Debt 5 yrs |
87.9 |
9.3 |
1.6 |
2.8 |
2.9 |
|
LT Debt thereafter |
23.4 |
0.1 |
1.4 |
3.0 |
4.7 |
|
Total Long Term Debt, Supplemental |
114.4 |
24.7 |
25.7 |
30.0 |
28.8 |
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 |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte & Touche
LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
59.8 |
64.8 |
27.6 |
57.6 |
29.2 |
|
Depreciation |
17.9 |
13.3 |
11.8 |
11.6 |
12.3 |
|
Amort.-Intangible |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Expense of Allowance for Doubtful Accoun |
0.2 |
0.2 |
- |
1.3 |
0.2 |
|
Provisions for Restoration |
0.0 |
- |
- |
- |
- |
|
Payment for Retirement Allowance, ONCI |
2.3 |
1.9 |
2.2 |
2.5 |
3.6 |
|
Other Employee Benefits |
0.4 |
0.3 |
- |
- |
- |
|
Miscellaneous Loss |
0.0 |
- |
- |
- |
- |
|
L-For Exch Translatn |
5.1 |
0.7 |
0.9 |
17.2 |
0.6 |
|
Loss-Valuation of Investment Assets |
- |
- |
0.0 |
7.5 |
- |
|
L-Valuation of Financial Assets at Fair |
0.1 |
- |
- |
- |
- |
|
L-Reduce Securities under Equity Method |
- |
- |
- |
0.3 |
- |
|
Loss on Disposal of Property, Plant and |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Loss-Disposal of Investment Securities |
- |
- |
- |
0.4 |
0.0 |
|
Impair. Loss on Finan. Assets Avail. Sal |
0.2 |
- |
- |
- |
- |
|
Loss on Scrap of Property, Plant and Equ |
0.2 |
0.1 |
0.0 |
0.1 |
0.0 |
|
Impairment Loss on Intangible Assets |
- |
0.2 |
- |
- |
- |
|
Recovery of Impairment Loss on Intangibl |
-0.3 |
- |
- |
- |
- |
|
Loss-Valuation of Currency Futures |
- |
- |
0.0 |
- |
0.0 |
|
Losses on Valuation of Inventories |
1.8 |
- |
- |
- |
0.1 |
|
Loss under Equity Method |
- |
- |
1.8 |
- |
- |
|
Corporate Taxes Expense |
14.1 |
18.2 |
- |
- |
- |
|
Interest Expenses |
4.4 |
2.7 |
- |
- |
- |
|
Interest Income |
-3.5 |
-2.8 |
- |
- |
- |
|
Dividend Income |
-0.6 |
-0.4 |
- |
- |
- |
|
Recovery-Provision Doubtful Account |
- |
- |
-0.9 |
- |
0.0 |
|
G-For Exch Translatn |
-5.1 |
-1.8 |
-1.7 |
-15.1 |
-0.4 |
|
Gain on Valuation of Currency Futures |
- |
- |
-0.1 |
-1.6 |
0.0 |
|
Gain-Valuation of ST Investment Assets |
- |
- |
-1.4 |
- |
- |
|
Gains on Valuations of Derivatives Asset |
- |
-0.2 |
- |
- |
- |
|
G-Disposal of ST Inv. Assets |
- |
- |
-3.1 |
-0.4 |
-1.5 |
|
G-Valuation of Financial Assets at Fair |
- |
-0.3 |
- |
- |
- |
|
G-Disposal of Financial Assets at Fair V |
-0.2 |
-0.2 |
- |
- |
- |
|
Gain on Disposal of Property, Plant and |
-0.4 |
-0.9 |
-0.1 |
0.0 |
-0.1 |
|
Gain on Disposal of Intangible Assets |
-0.1 |
- |
- |
- |
- |
|
G-Equity Method Valu |
- |
- |
-2.4 |
-4.5 |
-2.6 |
|
Gain on Invesment in Affiliates |
-8.7 |
-3.3 |
- |
- |
- |
|
Trade Receivables |
-53.0 |
-30.0 |
49.4 |
-61.9 |
-16.9 |
|
Account Receivables |
-8.8 |
1.5 |
2.8 |
-11.0 |
1.4 |
|
Accrued Income |
0.1 |
0.4 |
-0.1 |
0.0 |
0.0 |
|
Advance Payments |
- |
- |
-10.6 |
-1.2 |
-0.2 |
|
Inventory |
-74.8 |
4.9 |
50.5 |
-82.8 |
2.4 |
|
Prepaid Expenses |
- |
- |
-0.1 |
0.0 |
0.0 |
|
Other Quick Assets |
- |
- |
0.0 |
0.0 |
0.0 |
|
Currency Forwards, A/L |
- |
- |
1.3 |
0.4 |
1.6 |
|
Other Financial Assets |
-1.1 |
-0.1 |
- |
- |
- |
|
Other Current Assets |
0.8 |
3.0 |
- |
- |
- |
|
Other Non-Current Assets |
0.0 |
0.0 |
- |
- |
- |
|
Accrued Expenses |
1.2 |
-0.1 |
-1.2 |
1.4 |
-0.1 |
|
Accrued Inc Tax |
- |
- |
-3.5 |
5.3 |
1.4 |
|
Trade Payables |
34.1 |
3.0 |
-52.6 |
68.5 |
-6.1 |
|
Other Payables |
6.8 |
4.6 |
-2.1 |
3.9 |
2.3 |
|
Advances Received |
- |
- |
0.3 |
0.0 |
0.2 |
|
Deposits Withheld |
- |
- |
-0.2 |
0.3 |
-0.6 |
|
Payment-Retirement Bonus |
- |
- |
-2.0 |
-1.7 |
-1.7 |
|
Nation Pension Fnd |
- |
- |
0.0 |
0.0 |
0.0 |
|
Other Current Liabilities |
1.4 |
0.1 |
- |
- |
- |
|
Other LT Liabilities |
-0.1 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Financial Guarantee Liabilities |
-0.1 |
- |
- |
- |
- |
|
Other Financial Liabilities |
0.1 |
0.0 |
- |
- |
- |
|
Retiremt Allow Paymt |
- |
- |
-0.5 |
-0.7 |
-1.7 |
|
Fixed Benefit Liabilities |
-2.8 |
-2.8 |
- |
- |
- |
|
Current Dfrd Taxes - Liab |
- |
- |
0.1 |
- |
-0.3 |
|
Deferred Taxes-Liab. |
- |
- |
0.0 |
4.7 |
3.4 |
|
Deferred Income Tax Debit, Current |
- |
- |
2.2 |
-2.4 |
-0.2 |
|
Cash-Dividend Income |
0.9 |
0.7 |
0.6 |
0.3 |
0.4 |
|
Cash-Interest Received |
3.6 |
2.2 |
- |
- |
- |
|
Cash-Interest Paid |
-4.4 |
-2.9 |
- |
- |
- |
|
Cash-Tax Paid |
-23.4 |
-11.9 |
- |
- |
- |
|
Adjustment for Cash From Operating Activ |
0.0 |
0.0 |
- |
- |
- |
|
Cash From Operating Activities |
-31.8 |
65.0 |
69.2 |
0.2 |
26.8 |
|
|
|
|
|
|
|
|
Proceeds from Sale of Short-term Financi |
139.0 |
74.1 |
- |
8.2 |
29.8 |
|
Dec-LT Finl Asset |
- |
0.0 |
0.4 |
- |
- |
|
Dec-ST Investment Assets |
- |
- |
15.1 |
6.8 |
29.5 |
|
Decrease-Investment Securities |
- |
- |
0.0 |
- |
- |
|
Disposal of Financial Instruments at Fai |
4.2 |
9.3 |
- |
- |
- |
|
Disposal of Financial Liabilities at Fai |
- |
0.0 |
- |
- |
- |
|
Disposal of Financial Assets Held to Mat |
0.1 |
0.0 |
- |
- |
- |
|
Dec-LT Loans |
- |
- |
0.2 |
0.3 |
0.8 |
|
Dec-Guarantee Dep |
- |
- |
0.0 |
1.0 |
0.0 |
|
Purchase of Other Non-CurrentAssets |
-0.6 |
- |
- |
- |
- |
|
Disp-Land |
- |
- |
0.1 |
0.0 |
0.1 |
|
Disposal of Building |
- |
- |
0.1 |
- |
0.1 |
|
Disp-Structure |
- |
- |
0.0 |
- |
- |
|
Disp-Vehicles |
- |
- |
0.1 |
0.0 |
0.4 |
|
Disposal-Other Tangible Assets |
- |
- |
0.0 |
0.0 |
0.0 |
|
Disposal of Property, Plant and Equipmen |
1.2 |
1.3 |
- |
- |
- |
|
Disposal of Intangible Assets |
0.9 |
0.3 |
- |
- |
- |
|
Inc-ST Finl Asset |
-122.8 |
-102.1 |
-4.5 |
-3.6 |
-23.5 |
|
Inc-LT Finl Asset |
- |
- |
- |
-0.2 |
-0.2 |
|
Purchase of Investment Properties |
- |
-1.5 |
-10.4 |
-4.5 |
-35.5 |
|
Acq-LT Investment Securities |
- |
- |
-0.1 |
-28.8 |
0.0 |
|
Increase-Securities under Equity Method |
- |
- |
-4.6 |
-2.1 |
- |
|
Purchase of Financial Instruments at Fai |
-1.8 |
-8.6 |
- |
- |
- |
|
Purchase of Financial Assets Held to Mat |
-0.2 |
-0.1 |
- |
- |
- |
|
Purchase of Securities Available-for-Sal |
-1.6 |
-0.1 |
- |
- |
- |
|
Purchase of Investment in Subsidiaries&A |
-0.6 |
- |
- |
- |
- |
|
Inc-Guarantee Dep |
- |
- |
-0.9 |
-1.0 |
-1.5 |
|
Acq-Land |
- |
- |
-0.1 |
-13.7 |
-0.1 |
|
Acq-Building |
- |
- |
-0.7 |
-1.4 |
-1.1 |
|
Acq-Structure |
- |
- |
-0.1 |
-0.1 |
-0.3 |
|
Acq-Machinery |
- |
- |
-1.7 |
-2.5 |
-4.2 |
|
Acq-Vehicles |
- |
- |
-0.1 |
-0.1 |
-0.4 |
|
Acq-Constructn Prog |
- |
- |
-7.5 |
-19.7 |
-7.1 |
|
Acq-Other Tang.Asset |
- |
- |
-0.2 |
-0.2 |
-0.3 |
|
Purchase of Property, Plant and Equipmen |
-178.8 |
-21.2 |
- |
- |
- |
|
Purchase of Intangible Assets |
-5.5 |
-0.5 |
- |
-0.1 |
-0.1 |
|
Cash From Investing Activities |
-166.3 |
-49.1 |
-14.9 |
-61.7 |
-13.5 |
|
|
|
|
|
|
|
|
Increase in Current Borrowings |
435.8 |
172.4 |
227.6 |
262.0 |
99.6 |
|
Increase in Non-Current Borrowings |
109.3 |
- |
- |
16.6 |
10.8 |
|
Capital Increase |
7.4 |
- |
- |
- |
- |
|
Increase-Subsidy from Government |
- |
- |
6.7 |
- |
- |
|
Dec-Curr LT Liabs |
- |
- |
-4.1 |
-5.6 |
-24.8 |
|
Decrease in Current Borrowings |
-329.4 |
-175.1 |
-287.8 |
-158.2 |
-89.1 |
|
Decrease-LT Borrowings |
- |
- |
- |
-7.0 |
- |
|
Decrease in Current Portion of Long-Term |
-15.7 |
-3.8 |
- |
- |
- |
|
Change-Foreign Currency Translation |
- |
- |
0.5 |
3.8 |
- |
|
Payment-Dividends |
-6.5 |
-5.7 |
-5.2 |
-4.5 |
-5.3 |
|
Cash From Financing Activities |
200.8 |
-12.3 |
-62.3 |
107.0 |
-8.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
1.0 |
0.0 |
- |
- |
0.3 |
|
Net Change in Cash |
3.7 |
3.7 |
-7.9 |
45.5 |
4.7 |
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning |
61.4 |
55.1 |
57.8 |
21.5 |
20.7 |
|
Cash and Cash Equivalents at End |
65.1 |
58.8 |
49.9 |
67.0 |
25.5 |
|
Cash Interest Paid |
4.4 |
2.9 |
- |
- |
- |
|
Cash Taxes Paid |
23.4 |
11.9 |
- |
- |
- |
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.