MIRA INFORM REPORT
|
Report Date : |
14.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
DAELIM INDUSTRIAL CO., LTD. |
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Registered Office : |
146-12, Susong-dong, Jongno-gu, Seoul, Korea, Daelim Bldg., Zip Code 110-732 |
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Country : |
South korea |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
28.08.1947 |
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Com. Reg. No.: |
Com. Reg. No.: |
116-81-35007 |
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Legal Form : |
Listed Company |
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Line of Business : |
Construction of Industrial Plants |
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No. of Employees
: |
4,511 3,970 (Construction) 541 (Chemicals) |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Exists |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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.
Source : CIA
|
Company
Name |
DAELIM INDUSTRIAL CO., LTD. (Trade Name : DIC) (Korean Company Name : “대림산업(주)”) |
|
Registered
Address |
146-12, Susong-dong, Jongno-gu, Seoul,
Korea |
|
Building |
Daelim Bldg. |
|
Zip Code |
110-732 |
|
Tel |
+82-2-2011-7114 |
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Fax |
+82-2-2011-8000 |
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E-mail |
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Website |
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Trading Address |
Daelim Bldg., 146-12, Susong-dong,
Jongno-gu, Seoul, Korea(P.O.BOX 5505) |
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Tel |
+82-2-2011-7114 |
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Fax |
+82-2-2011-8000 |
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Other Address-Yoido (Seoul) Office |
17-5, Yeouido-dong, Yeongdeungpo-gu,
Seoul, Korea |
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Tel |
+82-2-369-4114 |
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Fax |
+82-2-785-1045 |
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Other Address-Petrochemical Division |
10FL., KCCI Bldg., 45, Namdaemunno
4-ga, Jung-gu, Seoul, Korea |
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Tel |
+82-3708-3000 |
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Fax |
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Other Address |
ACE Tower Bldg., 1-170, Sunhwa-dong,
Jung-gu, Seoul, Korea |
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Tel |
+82-2-3708-3274 |
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Fax |
+82-2-756-6804 |
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Other Address-Gyunggi Office |
1506-27, Gwanyang-dong, Dongan-gu,
Anyang-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-422-8316-8 |
|
Fax |
+82-31-422-8108 |
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Other Address-Nambu Office |
1577-10, Seocho-dong, Seocho-gu, Seoul,
Korea |
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Tel |
+82-2-584-6155-7 |
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Fax |
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Other Address-Neospo Office |
450, Bujeon-dong, Busanjin-gu, Busan, Korea |
|
Tel |
+82-51-851-1666 |
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Fax |
+82-51-807-4279 |
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Other Address-Daelim Golden Tower Office |
23-1, Yongdu-dong, Jung-gu, Daejeon, Korea |
|
Tel |
+82-42-222-0237 |
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Fax |
+82-42-222-0238 |
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Other Address-Daejeon Branch |
452-3, Daeheung-dong, Jung-gu, Daejeon,
Korea |
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Tel |
+82-42-252-9741-2 |
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Fax |
+82-42-252-9190 |
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Other Address-Duckrye Office |
1755-1, Deongnye-ri, Gwangyang-eup,
Gwangyang-si, Jeollanam-do, Korea |
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Tel |
+82-61-762-3916-7 |
|
Fax |
+82-61-762-3918 |
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Other Address-Dongbu Office |
23-1, Bangi-dong, Songpa-gu, Seoul, Korea |
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Tel |
+82-2-423-5335, 5354 |
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Fax |
+82-2-432-5311 |
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Other Address-Manduck Turnnel Office |
783-16, Mandeok-dong, Buk-gu, Busan, Korea |
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Tel |
+82-51-334-0368 |
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Fax |
+82-51-338-0856 |
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Other Address-Busan Office |
341-5, Bujeon 1(il)-dong, Busanjin-gu,
Busan, Korea |
|
Tel |
+82-51-811-1850 |
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Fax |
+82-51-811-1854 |
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Other Address-Bukbu Office |
187-1, Yeongeon-dong, Jongno-gu, Seoul,
Korea |
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Tel |
+82-2-747-6417-9 |
|
Fax |
+82-2-747-6779 |
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Other Address-Seobu Office |
456, Gongdeok-dong, Mapo-gu, Seoul, Korea |
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Tel |
+82-2-3272-4852-4 |
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Fax |
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Other Address-Seosan Office |
52-12, Supyeong-ri, Unsan-myeon, Seosan-si,
Chungcheongnam-do, Korea |
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Tel |
+82-41-664-5326 |
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Fax |
+82-41-664-5327 |
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Other Address-Youngdungpo Youngnam Parking Lot Office |
123, Yeongdeungpo-dong 4(sa)-ga,
Yeongdeungpo-gu, Seoul, Korea |
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Tel |
+82-2-672-1115-6 |
|
Fax |
+82-2-672-1119 |
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Other Address-Opera Tower Office |
98, Guro 6(yuk)-dong, Guro-gu, Seoul, Korea |
|
Tel |
+82-2-837-6626 |
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Fax |
+82-2-862-6291 |
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Other Address-Deplomacy Tower Office |
1376-1, Seocho-dong, Seocho-gu, Seoul,
Korea |
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Tel |
+82-2-578-4777-8 |
|
Fax |
+82-2-578-4779 |
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Other Address-Chulgu Office |
650-1, Jukbaek-dong, Pyeongtaek-si,
Gyeonggi-do, Korea |
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Tel |
+82-31-654-0711-7 |
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Fax |
+82-31-651-0711-4 |
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Other Address-Hanlim Garrery Office |
452-3, Daeheung-dong, Jung-gu, Daejeon,
Korea |
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Tel |
+82-42-253-8953 |
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Fax |
+82-42-253-8952 |
|
Type |
Export |
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Industry |
Construction of Industrial Plants |
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Main Business |
Industrial Plant Construction Services, Apartment Construction
Services, High Density Polyethylene(HDPE) |
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Sub Business |
Apartment Building Construction |
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Established
(mm/dd/yyyy) |
08/28/1947 |
The Subject owns the premises of the
registered address(6,134m2).
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Apartment construction(72131501) |
|
Sell |
Commercial or industrial construction(72131600) |
|
Sell |
General building construction(72130000) |
|
Sell |
Renovation of buildings or landmarks or monuments(72102801) |
|
Sell |
High Density Polyethylene HDPE(13102017) |
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Sell |
Polypropylene PP(13102022) |
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Sell |
Plastic resins(13111059) |
|
Name |
Lee Hae-Wook |
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Address |
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Date of Birth |
02/14/1968 |
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Title |
Vice Chairman & CEO |
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Sex |
Male |
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Nationality |
Korean |
|
Capital (KRW) |
218,500,000,000 |
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Employees |
4,511 3,970 (Construction) 541 (Chemicals) |
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Formation |
Listed Company (Korea Stock Exchange :
000210) as of 02/03/1976 Foreign Direct Investment Corporation A Company of DAELIM GROUP |
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Bank Details |
Woori Bank Securities Town Branch |
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Corporate Registered No. |
110111-0084915 |
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Business Registered No. |
116-81-35007 |
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Permit & Licenses |
08/1994 ISO 9002 12/1995 ISO 9001 01/1997 ISO 14001 Int’l Trade No.: 671439 |
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Shareholder Position |
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Company History |
10/1939 Established “Burim Commerce” in
front of Buyeong Station, Incheon (Capital: KRW30,000, Construction materials
business, Employee: 7) 06/1947 Changed the name to Daelim
Industrial Company, Inc. 08/1960 Took over Poolim Industrial Company
(President Jae-soon Lee inaugurated) 05/1975 Established Daelim Engineering
Company, Inc. (Honorary President: Gyeong-seok Mah) 03/1980 Established Daelim Technology
Laboratory (Honorary Manager: Gye-sik Choi) 04/1982 Daelim Industry and Kia Motors were
merged to result in Daelim Motor Industry 01/1991 Ranked No.1 in government facility
project in the 1990s by the Public Procurement Service 06/1992 Daelim Motor Industry merged with
Daelim Motorcycle Sales 12/1992 Acquired the ASME Certification to
participate in nuclear power plant construction 11/1997 Acquired the ISO 14001 certification
and additional ISO 9001 certification 02/2000 Launched the e-Comfort Land brand
for Daelim apartment complex 11/2001 Received the “Korea Construction
Award” from the Union of Construction Associations 02/2002 Received an order for construction
of Water Gate in Saemangum 03/2002 Received the Korea Best Remodeling
Award (Main Building of the Bank of Korea) 03/2002 Received an order for construction
of a combined cycle power plant in China (US$130 million) 07/2002 e-Comfort Land ranked No.1 in Korea
Design Power Index for 2 consecutive years 04/2003 Received an order for construction
of a waste water processing plant in Kuwait 05/2003 Received an order for 6th, 7th, and
8th construction of the South Pars Gas Refinery Plant in Iran 06/2003 President Yong Koo Lee received the
Gold Tower of Industrial Achievements 09/2003 Introduced the Customer Center,
“Orange Service & Green Service” 07/2004 Received the Presidential Award,
the 8th Good Apartment Contest 07/2004 Received the “Korea’s Most
Respected Business” Award in the Construction Category 11/2004 Received an order for construction
of a petroleum plant in Iran (US$230 million) 07/2005 Received an order for construction
in the new Yeocheon NCC Project |
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Vice Chairman & CEO |
Mr. |
Lee Hae-Wook |
Korean |
1968.02.14 |
Columbia University, USA |
|
President & CEO/Petrochemical Division |
Mr. |
(*)Park Chan-Jo |
Korean |
- |
|
|
President & CEO |
Mr. |
Kim Yoon |
Korean |
1949.05.13 |
Seoul National University, Korea |
|
President |
Mr. |
Park Jong-Kook |
Korean |
1955.06.20 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Shin Jeong-Sik |
Korean |
1952.01.14 |
State of Ohio University |
|
Outside Director |
Mr. |
Oh Soo-Keun |
Korean |
1956.08.29 |
Soongsil University |
|
Outside Director |
Mr. |
Cho Jin-Hyung |
Korean |
1954.04.01 |
Hongik University, Korea |
|
Outside Director |
Mr. |
Shin Young-Joon |
Korean |
1961.12.28 |
Harvard University, USA |
|
Outside Director |
Mr. |
(*)Lim Sung-Kyun |
Korean |
- |
- |
(*)Park Chan-Jo and (*)Lim Sung-Kyun are
inaugurated as of 03/16/2012.
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)2011 |
7,187,410,074,295 |
9,545,399,352,890 |
431,367,721,401 |
|
(*)2010 |
6,343,191,963,672 |
8,939,723,437,925 |
203,610,697,010 |
|
2009 |
6,274,852,066,388 |
8,342,698,344,540 |
343,193,353,347 |
|
2008 |
5,892,211,808,475 |
7,136,953,580,719 |
101,487,579,757 |
|
4,939,613,991,574 |
5,649,563,280,580 |
459,757,013,520 |
|
|
2006 |
4,269,281,632,923 |
4,540,268,231,962 |
253,557,480,476 |
|
2005 |
4,256,723,691,405 |
3,915,677,891,749 |
342,914,188,623 |
|
2004 |
4,073,018,661,230 |
3,509,664,801,812 |
434,171,374,431 |
(*)2010 & 2011‘s
figures are based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
600,000,000,000 |
|
Paid-Up Capital(KRW) |
218,500,000,000 |
|
Total Issues Shares |
38,600,000(Common: 34,800,000, Preferable: 3,800,000) |
Balance
Sheet
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
9,545,399,352,890 |
8,939,723,437,925 |
|
|
Current
Assets |
6,417,629,064,782 |
6,016,194,849,257 |
|
|
Cash & Cash Equivalents |
1,113,138,310,718 |
1,127,015,992,187 |
|
|
Current Financial Instruments |
115,900,624,712 |
75,451,097,287 |
|
|
Trade Receivables
& Other Receivables |
2,257,960,310,685 |
2,080,083,565,507 |
|
|
Other Receivables |
1,121,870,491,499 |
886,078,144,438 |
|
|
Inventories |
1,211,926,203,714 |
1,154,091,880,618 |
|
|
Non-Current Assets to
be Sold |
92,851,180,000 |
250,908,240,000 |
|
|
Derivatives |
14,274,797,695 |
16,494,329,014 |
|
|
Other Current Assets |
489,707,145,759 |
426,071,600,206 |
|
|
Non-Current Assets |
3,127,770,288,108 |
2,923,528,588,668 |
|
|
Non-Current Financial
Instruments |
15,028,500,000 |
50,704,074,490 |
|
|
Long-Term Trade
Receivables & Other Receivables |
761,007,510,308 |
572,386,836,640 |
|
|
Investment_Subsidiaries |
629,202,407,697 |
540,100,573,577 |
|
|
Investment_Related
Companies |
535,114,611,704 |
634,487,825,741 |
|
|
Marketable Financial
Instruments |
218,823,068,741 |
217,935,526,072 |
|
|
Tangibles |
772,307,851,135 |
751,155,582,021 |
|
|
Intangibles |
31,549,637,556 |
34,578,497,271 |
|
|
Investment_Real
Estates |
115,284,128,892 |
117,693,063,375 |
|
|
Derivatives |
788,815,754 |
4,052,198,875 |
|
|
Deferred Income Tax |
48,641,229,542 |
- |
|
|
Other Non-Current
Financial Debts |
22,526,779 |
434,410,606 |
|
|
Total
Liabilities |
5,186,676,789,183 |
4,912,425,892,044 |
|
|
Current Liabilities |
4,128,362,665,582 |
3,917,193,381,264 |
|
|
Trade Payables |
1,554,300,783,920 |
1,175,463,357,432 |
|
|
Other Payables |
618,869,794,133 |
451,485,117,750 |
|
|
Short-Term Borrowings |
820,780,787,451 |
1,173,400,412,742 |
|
|
Other Liabilities to be Sold |
92,851,180,000 |
171,078,000,000 |
|
|
Accrued Income Tax |
91,163,043,632 |
55,990,160,449 |
|
|
Derivatives |
33,916,833,030 |
16,049,898,036 |
|
|
Other Current Liabilities |
916,480,243,416 |
873,726,434,855 |
|
|
Non-Current Liabilities |
1,058,314,123,601 |
995,232,510,780 |
|
|
Long-Term Trade
Payables & Other Payables |
119,891,858,524 |
150,362,507,197 |
|
|
Long-Term Borrowings |
732,144,047,452 |
501,971,129,075 |
|
|
Provision for Severance
& Retirement |
16,247,832,671 |
3,219,446,212 |
|
|
Provisions for Repairing |
79,527,033,500 |
80,371,363,804 |
|
|
Other Provisions |
3,932,657,089 |
1,920,614,389 |
|
|
Finance Guarantee Debts |
100,115,919,105 |
230,384,373,474 |
|
|
Derivatives |
6,454,775,260 |
10,327,989,360 |
|
|
Deferred Income Tax
Credit |
- |
16,675,087,269 |
|
|
Capital Stock |
218,500,000,000 |
218,500,000,000 |
|
|
Capital Surplus |
539,449,600,181 |
539,449,600,181 |
|
|
Profit Surplus |
3,600,254,274,501 |
3,186,547,026,235 |
|
|
Others |
518,689,025 |
82,800,919,465 |
|
|
Total Equity |
4,358,722,563,707 |
4,027,297,545,881 |
|
|
Liab. &
Shareholder’s Equity |
9,545,399,352,890 |
8,939,723,437,925 |
|
Income
Statement
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
7,187,410,074,295 |
6,343,191,963,672 |
|
|
Cost of Sold Goods |
6,355,586,813,027 |
5,601,677,065,758 |
|
|
Gross Profit |
831,823,261,268 |
741,514,897,914 |
|
|
Selling & Admin. Expenses |
425,004,118,566 |
425,352,188,964 |
|
|
Other Operating Income |
483,131,009,291 |
222,414,430,122 |
|
|
Other Operating Expenses |
309,645,507,801 |
244,841,542,767 |
|
|
Operating Income |
580,304,644,192 |
293,735,596,305 |
|
|
Finance Income |
94,805,967,225 |
92,814,808,074 |
|
|
Finance Expenses |
115,271,025,003 |
111,629,159,612 |
|
|
Income Before Taxes |
559,839,586,414 |
274,921,244,767 |
|
|
Income Taxes Expenses |
128,471,865,013 |
71,310,547,757 |
|
|
Net Income |
431,367,721,401 |
203,610,697,010 |
|
Cash
Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating Activities Cash Flows |
556,783,864,484 |
616,367,855,743 |
|
|
Cash Flows from
Operating |
557,046,840,428 |
666,409,289,363 |
|
|
Net Income |
431,367,721,401 |
203,610,697,010 |
|
|
Adjustment |
164,099,207,910 |
267,186,829,981 |
|
|
Changes in Asset/
& Liability |
-38,420,088,883 |
195,611,762,372 |
|
|
Interests Received |
44,393,073,201 |
66,008,527,419 |
|
|
Interests Paid |
-101,206,222,498 |
-96,626,439,461 |
|
|
Dividends Received |
187,907,195,700 |
66,900,150,000 |
|
|
Income Taxes |
-131,357,022,347 |
-86,323,671,578 |
|
|
Cash Flows from
Investing |
-442,664,592,555 |
-399,547,255,604 |
|
|
Cash Flows from
Financing |
-127,319,237,249 |
-87,039,951,777 |
|
|
Increase/Decrease in
Cash |
-13,199,965,320 |
129,780,648,362 |
|
|
Cash at the Beginning
of Year |
1,127,015,992,187 |
999,709,851,373 |
|
|
Cash at the End of
Year |
1,113,138,310,718 |
1,127,015,992,187 |
|
|
Main Products & Services |
Construction Petrochemicals-PB, HDPE, PIPE, OPP,
COMPOUND, DAELIM PORI |
||||||||||||
|
Detailed Products Spec. |
|
|
Suppliers |
YEOCHUN NCC CO., LTD.(110111-1839096) |
|
Customers |
DAELIM COPORATION(110111-1081093) YEOCHUN NCC CO., LTD.(110111-1839096) KOREA NATIONAL HOUSING CORPORATION KOREA HIGHWAY CORPORATION KOREA AGRICULTURAL & RURAL
INFRASTRUCTURE CORPORATION KEPCO KOREA LAND CORPORATION KOREA GAS CORPORATION GOVERNMENT OF THE REPUBLIC OF KOREA SAUDI KAYAN PETROCHEMICAL COMPANY(AL-JUBAIL
INDUSTRIAL CITY, SAUDI ARABIA) |
|
Competitors |
-Construction SAMSUNG C&T CORPORATION(110111-0002975) DAEWOO ENGINEERING & CONSTRUCTION CO.,
LTD.(110111-2137895) HYUNDAI ENGINEERING & CONSTRUCTION CO.,
LTD.(110111-0007909) THE SUBJECT (THE 4TH PLAYER) GS ENGINEERING & CONSTRUCTION CO.,
LTD.(110111-0002694) -Petrochemicals KOREA PETRO CHEMICAL IND CO., LTD HONAM PETRO CHEMICAL CORPORATION LG PETROCHEMICAL CO., LTD SK CORPORATION SAMSUNG PETROCHEMICAL CO., LTD. |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates-Domestic |
DAELIM INDUSTRIAL CO., LTD.(110111-0084915) KOREA DEVELOPMENT
CORPORATION(110111-0052037) SAMHO CO., LTD.(180111-0434372) DAELIM COPORATION(110111-1081093) WEB-TECH CORP.(110111-1799406) DAELIM I&S CO., LTD.(110111-1143009) ORA RESORT CO., LTD.(220111-0001536) DAELIM MOTOR CO., LTD.(110111-0227359) DAELIM CONCRETE PROCUCTS CO.,
LTD.(110111-0061228) ECO SULIHALL CO., LTD.(115611-0045657) MANWOLSAN TUNNEL CO., LTD.(120111-0144444) YOUNGCHEON SANGJU HIGHWAY CO., LTD.(110111-3581520) GIMHAE DONGSEO TUNNEL CO.,
LTD.(195511-0106752) SONGDO POWER CO., LTD.(110111-3936189) GREEN TECHNOLOGY DEVELOPMENT CO.,
LTD.(284411-0050771) |
|
Affiliates-Overseas |
DAELIM PHILIPPINES, INC(PHILIPPINES) INTEGRATED ENGINEERING LTD.(MALAYSIA) PT. DAELIM UTAMA CONSTRUCTION(INDONESIA) DAELIM MALAYSIA, SDN. BHD.(MALAYSIA) DAELIM SAUDI ARABIA CO.,LTD(SAUDI ARABIA) DAELIM(SHANGHAI) INTERNATIONAL TRADING CO.,
LTD.(CHINA) DAELIM VIETNAM LTD.(VIETNAM) HHVC SHIPPING PTD. LTD.(SINGAPORE) WBLC SHIPPING PTD. LTD.(SINGAPORE) DAELIM(NAMKYUNG) CONSTRUCTION CO.,
LTD.(CHINA) |
|
Overseas Office |
CHINA/SHANGHAI IIP SITE IIP PROJECT BLOCK D1, SHANGHAI CHEMICAL
INDUSTRIAL PARK (SCIP), CAOJING, SHANGHAI, CHINA TEL:+86-21-6712-0820 FAX: (86-21-6712-0803 INDIA/NEW DELHI OFFICE 9A, 2ND FLOOR, GREEN PARK MAIN, NEW DELHI
110016, INDIA TEL:+91-11-2653-2670~2 FAX:
(91-11-2653-2676 INDIA/MATHURA DHDT SITE A-9A, 2ND FLOOR, GREEN PARK MAIN, NEW DELHI
110016, INDIA TEL:+91-9810-38-0505 INDIA/PANIPAT REFINERY HCU SITE PANIPAT REFINERY, PANIPAT 132140, HARYANA,
INDIA TEL:+91-180-157-8615~9 INDONESIA/PT DAELIM UTAMA CONSTRUCTION KOREA CENTER, 4TH FLOOR, JALAN GATOT
SUBROTO, NO. 58, JAKARTA, INDONESIA TEL:+62-21-527-7378 FAX:+62-21-527-7381 MALAYSIA/KUALA LUMPUR OFFICE MUI PLAZA, 19TH FLOOR, JALAN P. RAMLEE,
KUALA LUMPUR 50250, MALAYSIA TEL:+60-3-2145-9911 FAX:+60-3-2145-8877 IRAN/TEHRAN OFFICE BUILDING NO.148, KHORAMSHAR AVENUE, TEHRAN
15337, IRAN, P.O. BOX: 15875-3335 TEL:+98-21-8874-0687 FAX:+98-21-8875-5623 IRAN/AMIR KABIR PETROCHEMICAL LDPE SITE PETZONE SITE NO.4, BANDAR IMAM, IRAN TEL:+98-652-262-4307 FAX:+98-652-262-4353 IRAN/PARS PETROCHEMICAL EB SITE ASSALUYEH, BUSHEHR PROVINCE, IRAN, P.O.
BOX: 75391-153 TEL:+98-772-732-4195 FAX:+98-772-732-4195 IRA.PETROPARS SPGD 6/7/8 SITE ASSALUYEH, BUSHEHR PROVINCE, IRAN TEL:+98-772-726-3777 EXT. 615
FAX:+98-772-732-3129 KUWAIT/KUWAIT OIL EWDP SITE TEL:+965-398-9111 FAX:+965-565-4915 SAUDI ARABIA/AL-KHOBAR OFFICE P.O. BOX 2346, DAMMAM 31451, SAUDI ARABIA TEL:+966-3-857-8221, 8212 FAX:+966-3-857-6446 UAE/DUBAI OFFICE KALANTAR TOWER NO.101, SHEIKH ZAYED ROAD,
P.O. BOX 9060, DUBAI, UAE TEL:+971-4-343-9844 FAX:+971-4-343-9834 UNITED STATES/HOUSTON OFFICE 14701 ST. MARY’S LANE, SUITE #335, HOUSTON,
TEXAS 77079, USA TEL:+1-281-558-4700 FAX:+1-281-558-4701 |
|
Overseas Branch |
KUWAIT/KUWAIT BRANCH OFFICE P.O. BOX 28023, SAFAT 13141, KUWAIT, HOUSE
39, STREET 9, BLOCK 10, SALWA, KUWAIT TEL:+965-565-4874/94 FAX:+965-565-4915 |
|
Subsidiary |
KOREA DEVELOPMENT
CORPORATION(110111-0052037) SAMHO CO., LTD.(180111-0434372) DAELIM C&S CO., LTD.(110111-0061228) DAELIM MOTOR CO., LTD.(110111-0227359) DAELIM CONCRETE PROCUCTS CO.,
LTD.(110111-0061228) SONGDO POWER CO., LTD.(110111-3936189) DAELIM SAUDI ARABIA CO., LTD, |
|
Cooperative Enterprise |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO., LTD(110111-0005078) |
(Activity &
Markets)
Construction Div.
|
Sales/ Unit :Mil KRW |
2010 |
2009 |
2008 |
|
Export |
1,222,807 |
1,493,380 |
1,180,510 |
|
Domestic |
3,553,378 |
3,394,462 |
3,604,927 |
|
Others |
345,100 |
531,050 |
163,470 |
|
Total |
5,121,285 |
5,418,892 |
4,948,907 |
Chemical Div.
|
Sales/ Unit :Mil KRW |
2010 |
2009 |
2008 |
|
Export |
678,564 |
439,114 |
497,619 |
|
Domestic |
398,407 |
416,847 |
445,686 |
|
Total |
1,076,971 |
855,961 |
943,305 |
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
Seoul Central District Court |
Jung Hee-Sung & Others(500) |
The Subject Company and Pentaport Development co. ltd.(161511-0076814) |
Cancellation of Lotting-Out Contract, and
refund of Deposits |
145,446 |
proceeding |
|
|
|
The Subject Company |
Fair Trade Commission |
Cancellation on imposed Penalty |
2,850 |
3rd Round is Proceeding by the subject company's application |
|
|
|
The Subject Company |
Fair Trade Commission |
Cancellation on imposed Penalty |
11,697 |
1st Round is proceeding |
|
|
|
Park Sung-Joon & Others(283) |
The Subject Company & Others(4) |
Claim for Overpaid Amount |
1,079 |
1st Round is proceeding |
|
|
|
The Subject Company |
Jinbo Industrial Development Ltd. |
Claim for Account Receivables |
21,858 |
1st Round is proceeding |
|
|
|
Ko Bong-Jin & Others(53) |
The Subject Company |
Claim for Compensation |
1,078 |
1st Round is proceeding |
|
|
|
The Subject Company |
Bisan Dong Daelim Housing Association |
Claim for Loans |
24,000 |
1st Round is proceeding |
|
|
|
The Subject Company & Others(1) |
Haewundae Re-Construction Assocaition |
Claim for Other Expenses |
4,889 |
1st Round is proceeding |
|
|
|
Lee Jung-Ae & Others(25) |
The Subject Company & Others(3) |
Claim for Overpaid Amount |
7,509 |
1st Round is proceeding |
|
|
|
Hwagok Re-Construction Association |
The Subject Company & Others(1) |
Claim for Account Receivables |
10,000 |
1st Round is proceeding |
|
|
|
Seolin Architecture Co., Ltd. |
The Subject Company & Others(6) |
Claim for Compensation |
1,096 |
1st Round is proceeding |
|
|
|
Yoo Chnag-Hern & Others(98) |
The Subject Company & Others(1) |
Claim for Compensation |
1,980 |
1st Round is proceeding |
|
|
|
The Subject Company |
Kangwon Land Co., Ltd. |
Claim for Account Receivables |
9,113 |
1st Round is proceeding |
|
|
|
Ki Jong-Pyo & Others(118) |
The Subject Company & Others(3) |
Refund of Lot-Out Amount |
17,875 |
1st Round is proceeding |
|
|
|
Daejung C&M Co., Ltd. |
The Subject Company & Others(1) |
Claim for Agreed Amount |
1,210 |
1st Round is proceeding |
|
|
|
Jang San-Chan |
The Subject Company & Others(1) |
- |
1,140 |
Proceeding |
|
|
|
Seolcheon Farm Co., Ltd. |
The Subject Company & Others(1) |
Claim for Compensation |
15,861 |
Proceeding |
|
|
|
Cha Won-Seok & Others(32) |
The Subject Company & Others(4) |
Claim for Compensation |
9,637 |
Proceeding |
|
|
|
The Subject Company |
Euiwang Re-Construction Association |
Claim for Compensation |
3,241 |
Proceeding |
(*)There are 14 cases filed as Plaintiff(s)/ Creditor(s)/ Applicant(s)
amounting 27,271,000,000 KRW and SAR13,108,000, and 94 cases Defendant(s)/
Debtor(s)/ Respondent(s) amounting 0,534,000,000 KRW and SAR30,180,000 as of
12/31/2011.
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.44 |
|
|
1 |
Rs.89.30 |
|
Euro |
1 |
Rs.71.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.