MIRA INFORM REPORT
|
Report Date : |
17.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
HANSOL CHEMICAL CO., LTD. |
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Registered Office : |
18F, Hansol Building, YukSam-Dong 736-1, Kangnam-Gu, Seoul, 138800 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
13.03.1980 |
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Legal Form : |
Public Subsidiary Company |
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Line of Business : |
Subject is engaged in the fine chemical business |
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No. of Employees : |
341 |
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 |
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Status : |
Satisfactory |
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 is currently the world's 12th largest economy. 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. Korea's export focused economy was hit hard by the 2008 global
economic downturn, but quickly rebounded in subsequent years, reaching 6.3%
growth in 2010. The US-South Korea Free Trade Agreement was ratified by both
governments in 2011 and went into effect in March 2012. Throughout 2012 the
economy experienced sluggish growth because of market slowdowns in the United
States, China, and the Eurozone. The incoming administration in 2013, following
the December 2012 presidential election, is likely to face the challenges of
balancing heavy reliance on exports with developing domestic-oriented sectors,
such as services. 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
Hansol Chemical Co., Ltd.
18F, Hansol Building
YukSam-Dong 736-1
Kangnam-Gu
Seoul, 138800
Korea, Republic of
Tel: 82-2-21522326
Fax: 82-2-21522391
synthesis
Employees: 341
Company Type: Public Subsidiary
Corporate Family: 10
Companies
Ultimate Parent: Hansol
Group
Traded: Korea
Stock Exchange: 014680
Incorporation Date:
13-Mar-1980
Auditor: Deloitte & Touche LLP
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2012
Reporting Currency: South
Korean Won
Annual Sales: 283.0
1
Net Income: 32.0
Total Assets: 336.3
2
Market Value: 287.7
(03-May-2013)
Business Description
Hansol Chemical Co., Ltd. is a Korea-based company engaged in the fine chemical business. The Company mainly produces four categories of chemicals: paper chemicals, including styrene-butadiene (SB) latexes, fixing agents, wet strength agents, retention agents and micro capsules; environmental chemicals, including hydrogen peroxides, sodium hydrosulfites, polyacrylamides and organic coagulants; wood chemicals, including wood adhesives, and fine chemicals, including benzoyl peroxides (BPOs) and urea-formaldehyde (UF) resins. It also provides caustic sodas. The Company’s customers include HANSOL PAPER CO., LTD., Artone Paper MFG. CO., LTD., Samyoung Pure Chemicals Co., Ltd., Jeonju Paper Corporation, Hansol HomeDeco Co., Ltd. and others. For the fiscal year ended 31 December 2012, Hansol Chemical Co., Ltd. revenues increased 7% to W318.85B. Net income increased 93% to W36.09B. Revenues reflect Finished Goods Revenues increase of 9% to W307.37B, Other Revenue increase of 57% to W1.03B. Net income benefited from Gain-Disposal of F.A. Avail. for Sale increase from W3.7M to W18.74B (income), Donations Paid decrease of 41% to W2.57B (expense).
Industry
Industry Chemical Manufacturing
ANZSIC 2006: 1813 - Basic
Inorganic Chemical Manufacturing
NACE 2002: 2413 - Manufacture
of other inorganic basic chemicals
NAICS 2002: 325188 - All Other
Basic Inorganic 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: 2819 - Industrial
Inorganic Chemicals, Not Elsewhere Classified
Key Executives
|
Name |
Title |
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Chief Executive Officer, Director |
|
|
Kyo-Taik Kwon |
CEO |
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Honorary Chairman, Director |
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Non-Executive Independent Director |
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Non-Executive Independent Director |
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 1126.849
2 - Balance Sheet Item Exchange Rate: USD 1 = KRW 1066.4
Corporate Overview
Location
18F, Hansol Building
YukSam-Dong 736-1
Kangnam-Gu
Seoul, 138800
Korea, Republic of
Tel: 82-2-21522326
Fax: 82-2-21522391
Quote Symbol - Exchange
014680 - Korea
Stock Exchange
Sales KRW(mil): 318,850.7
Assets KRW(mil): 358,680.5
Employees: 341
Fiscal Year End: 31-Dec-2012
Industry: Chemical
Manufacturing
Incorporation Date: 13-Mar-1980
Company Type: Public
Subsidiary
Quoted Status: Quoted
Chief Executive
Officer, Director:
Won Hwan Park
Industry Codes
ANZSIC 2006 Codes:
1813 - Basic Inorganic Chemical Manufacturing
1915 - Adhesive Manufacturing
1812 - Basic Organic Chemical Manufacturing
1821 - Synthetic Resin and Synthetic Rubber Manufacturing
NACE 2002 Codes:
2413 - Manufacture of other inorganic basic chemicals
2462 - Manufacture of glues and gelatine
2416 - Manufacture of plastics in primary forms
2414 - Manufacture of other organic basic chemicals
NAICS 2002 Codes:
325188 - All Other Basic Inorganic Chemical Manufacturing
325520 - Adhesive Manufacturing
325199 - All Other Basic Organic Chemical Manufacturing
325211 - Plastics Material and Resin Manufacturing
US SIC 1987:
2819 - Industrial Inorganic Chemicals, Not Elsewhere Classified
2891 - Adhesives and Sealants
2869 - Industrial Organic Chemicals, Not Elsewhere Classified
2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable
Elastomers
UK SIC 2003:
2413 - Manufacture of other inorganic basic chemicals
2462 - Manufacture of glues and gelatine
2414 - Manufacture of other organic basic chemicals
2416 - Manufacture of plastics in primary forms
UK SIC 2007:
2013 - Manufacture of other inorganic basic chemicals
2014 - Manufacture of other organic basic chemicals
2052 - Manufacture of glues
2016 - Manufacture of plastics in primary forms
Business
Description
Hansol Chemical
Co., Ltd. is a Korea-based company engaged in the fine chemical business. The
Company mainly produces four categories of chemicals: paper chemicals,
including styrene-butadiene (SB) latexes, fixing agents, wet strength agents,
retention agents and micro capsules; environmental chemicals, including
hydrogen peroxides, sodium hydrosulfites, polyacrylamides and organic
coagulants; wood chemicals, including wood adhesives, and fine chemicals,
including benzoyl peroxides (BPOs) and urea-formaldehyde (UF) resins. It also
provides caustic sodas. The Company’s customers include HANSOL PAPER CO.,
LTD., Artone Paper MFG. CO., LTD., Samyoung Pure Chemicals Co., Ltd., Jeonju
Paper Corporation, Hansol HomeDeco Co., Ltd. and others. For the fiscal year
ended 31 December 2012, Hansol Chemical Co., Ltd. revenues increased 7% to
W318.85B. Net income increased 93% to W36.09B. Revenues reflect Finished Goods
Revenues increase of 9% to W307.37B, Other Revenue increase of 57% to W1.03B.
Net income benefited from Gain-Disposal of F.A. Avail. for Sale increase from W3.7M
to W18.74B (income), Donations Paid decrease of 41% to W2.57B (expense).
More Business
Descriptions
Manufacture and export of chemical products including hydrogen peroxide,
benzoyl peroxide, trimethylopropene, latex, polyacrylamide and sodium hydrosulfite
Inorganic Dye & Pigment Mfr
Hansol Chemical Co., Ltd (Hansol Chemical) is a chemical company, based in Korea. The company manufactures chemicals for paper making, bleaching and environment and functional area. Its products include SB-latex, fixing agent, wet strength agent, retention aid, micro capsule, hydrogen peroxide, sodium hydrosulfite, polyacrylamide, organic coagulants, benzoyl peroxide and UF resin. The company’s organic coagulants are used in waste water treatments, bleaching textiles and other environment areas. Hansol Chemical is ISO 9001, ISO 14001 and BGMP certified company. The company operates through its manufacturing plants such as, Ulsan plant and Chonju plant. It also has chemical research and development center. Hansol Chemical is headquartered in Seoul, Korea.The company reported revenues of (Won) KRW 297,031.93 million during the fiscal year ended December 2011, an increase of 21.64% over 2010. The operating profit of the company was KRW 20,592.11 million during the fiscal year 2011, an increase of 4.71% over 2010. The net profit of the company was KRW 18,658.19 million during the fiscal year 2011, an increase of 19.94% over 2010.
All Other Chemical Product and Preparation Manufacturing
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Corporate Family |
Corporate
Structure News: |
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Hansol
Group |
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Hansol Chemical Co., Ltd. |
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Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Seoul |
Korea, Republic of |
Miscellaneous Financial Services |
|
3,500 |
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Electronic Instruments and Controls |
495.9 |
1,043 |
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Paper and Paper Products |
1,579.1 |
890 |
|
|
|
Merger with Hansol CSN Co Ltd proposed/announced.See corporate structure news on Hansol Group for details |
|||||||
|
Subsidiary |
Tamyang |
Korea, Republic of |
Paper and Paper Products |
84.9 |
121 |
|
|
|
Subsidiary |
Seongnam, Gyeonggi |
Korea, Republic of |
Paper and Paper Products |
|
600 |
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Chemical Manufacturing |
283.0 |
341 |
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Office Supplies |
245.7 |
304 |
|
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|
Subsidiary |
Seoul |
Korea, Republic of |
Construction - Supplies and Fixtures |
167.9 |
166 |
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Subsidiary |
Incheon |
Korea, Republic of |
Construction - Supplies and Fixtures |
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Subsidiary |
Seoul |
Korea, Republic of |
Retail (Catalog and Mail Order) |
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Competitors Report
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Company
Name |
Location |
Employees |
Ownership |
|
Kumho Petro Chemical Co Ltd |
Seoul, Korea, Republic of |
1,352 |
Public |
Executives Report
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Significant Developments
Hansol Chemical Co., Ltd. Declares Annual Cash Dividend for FY 2012 Feb
28, 2013
Hansol Chemical Co., Ltd. announced that it has declared an annual cash dividend of KRW 500 per share of common stock to shareholders of record on December 31, 2012, for the fiscal year 2012. The dividend rate of market price is 2.1% and the total amount of the cash dividend is KRW 5,544,157,500.
Hansol Chemical Co., Ltd. Announces Changes in Shareholding Structure Nov 02, 2012
Hansol Chemical Co., Ltd. announced that Hanwha Asset Management Co., Ltd. and one related party has acquired 571,256 shares of the Company, representing a 5.06% stake.
Hansol Chemical Co., Ltd. Announces Changes in Shareholding Structure Oct 09, 2012
Hansol Chemical Co., Ltd. announced that KB Asset Management has sold 348,890 shares of the Company, equivalent to a 6.40% stake. Following the transaction, KB Asset Management's stake in the Company has decreased to 10.64% from 13.73%.
Hansol Chemical Co., Ltd. to Sell Entire Shares of Samsung Everland Inc. Jun 07, 2012
Hansol Chemical Co., Ltd. announced that it will sell its entire 13,300
shares of Samsung Everland Inc., which is mainly engaged in the construction
and real estate business, for KRW 24,206 million, on June 12, 2012 to use its
investment funds.
annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1126.848795 |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
282.0 |
267.5 |
210.8 |
157.9 |
176.0 |
|
Revenue |
282.0 |
267.5 |
210.8 |
157.9 |
176.0 |
|
Other Revenue |
0.9 |
0.6 |
0.3 |
1.2 |
3.9 |
|
Other Revenue, Total |
0.9 |
0.6 |
0.3 |
1.2 |
3.9 |
|
Total Revenue |
283.0 |
268.1 |
211.2 |
159.1 |
179.9 |
|
|
|
|
|
|
|
|
Cost of Revenue |
234.2 |
226.0 |
174.4 |
128.8 |
153.2 |
|
Cost of Revenue, Total |
234.2 |
226.0 |
174.4 |
128.8 |
153.2 |
|
Gross Profit |
47.9 |
41.5 |
36.5 |
29.1 |
22.9 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
14.4 |
11.5 |
10.7 |
8.6 |
9.7 |
|
Labor & Related Expense |
9.2 |
7.6 |
7.3 |
6.3 |
6.9 |
|
Advertising Expense |
0.7 |
0.4 |
0.4 |
0.3 |
0.3 |
|
Total Selling/General/Administrative Expenses |
24.3 |
19.6 |
18.3 |
15.2 |
16.9 |
|
Depreciation |
0.5 |
0.4 |
0.4 |
0.3 |
0.3 |
|
Amortization of Intangibles |
0.2 |
0.3 |
0.2 |
0.4 |
0.3 |
|
Depreciation/Amortization |
0.7 |
0.7 |
0.5 |
0.7 |
0.7 |
|
Investment Income -
Operating |
- |
- |
-0.4 |
- |
- |
|
Interest/Investment Income - Operating |
- |
- |
-0.4 |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
- |
- |
-0.4 |
- |
- |
|
Loss (Gain) on Sale of Assets - Operating |
- |
- |
0.0 |
- |
- |
|
Unusual Expense (Income) |
- |
- |
0.0 |
- |
- |
|
Other Operating Expense |
- |
- |
1.3 |
- |
- |
|
Other, Net |
- |
- |
-0.1 |
- |
- |
|
Other Operating Expenses, Total |
- |
- |
1.3 |
- |
- |
|
Total Operating Expense |
259.2 |
246.3 |
194.2 |
144.6 |
170.8 |
|
|
|
|
|
|
|
|
Operating Income |
23.8 |
21.8 |
17.0 |
14.4 |
9.1 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-4.7 |
-3.2 |
-2.7 |
-1.9 |
-2.8 |
|
Interest Expense, Net Non-Operating |
-4.7 |
-3.2 |
-2.7 |
-1.9 |
-2.8 |
|
Interest Income -
Non-Operating |
0.5 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Investment Income -
Non-Operating |
23.4 |
5.4 |
4.2 |
3.5 |
0.4 |
|
Interest/Investment Income - Non-Operating |
23.8 |
5.6 |
4.3 |
3.6 |
0.6 |
|
Interest Income (Expense) - Net Non-Operating |
0.0 |
0.0 |
0.0 |
- |
- |
|
Interest Income (Expense) - Net Non-Operating Total |
19.2 |
2.4 |
1.5 |
1.7 |
-2.2 |
|
Gain (Loss) on Sale of Assets |
-0.2 |
0.0 |
- |
-1.6 |
-3.0 |
|
Other Non-Operating Income (Expense) |
-5.5 |
-3.7 |
- |
0.0 |
-0.1 |
|
Other, Net |
-5.5 |
-3.7 |
- |
0.0 |
-0.1 |
|
Income Before Tax |
37.3 |
20.6 |
18.5 |
14.5 |
3.8 |
|
|
|
|
|
|
|
|
Total Income Tax |
5.2 |
3.7 |
5.1 |
1.2 |
1.0 |
|
Income After Tax |
32.0 |
16.8 |
13.5 |
13.3 |
2.8 |
|
|
|
|
|
|
|
|
Minority Interest |
- |
- |
- |
0.0 |
0.1 |
|
Net Income Before Extraord Items |
32.0 |
16.8 |
13.5 |
13.3 |
2.9 |
|
Net Income |
32.0 |
16.8 |
13.5 |
13.3 |
2.9 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
32.0 |
16.8 |
13.5 |
13.3 |
2.9 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
32.0 |
16.8 |
13.5 |
13.3 |
2.9 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
10.6 |
10.1 |
10.1 |
10.4 |
10.7 |
|
Basic EPS Excl Extraord Items |
3.02 |
1.67 |
1.34 |
1.27 |
0.27 |
|
Basic/Primary EPS Incl Extraord Items |
3.02 |
1.67 |
1.34 |
1.27 |
0.27 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
32.0 |
16.8 |
13.5 |
13.3 |
2.9 |
|
Diluted Weighted Average Shares |
10.6 |
10.1 |
10.1 |
10.5 |
10.7 |
|
Diluted EPS Excl Extraord Items |
3.01 |
1.67 |
1.34 |
1.27 |
0.27 |
|
Diluted EPS Incl Extraord Items |
3.01 |
1.67 |
1.34 |
1.27 |
0.27 |
|
Dividends per Share - Common Stock Primary Issue |
0.44 |
0.45 |
0.35 |
0.31 |
0.27 |
|
Gross Dividends - Common Stock |
4.9 |
4.6 |
3.5 |
3.1 |
2.9 |
|
Interest Expense, Supplemental |
4.7 |
3.2 |
2.7 |
1.9 |
2.8 |
|
Depreciation, Supplemental |
8.7 |
7.1 |
6.2 |
5.6 |
6.7 |
|
Total Special Items |
0.2 |
0.0 |
0.0 |
1.8 |
3.2 |
|
Normalized Income Before Tax |
37.4 |
20.5 |
18.6 |
16.3 |
7.0 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.0 |
0.0 |
0.1 |
0.8 |
|
Inc Tax Ex Impact of Sp Items |
5.3 |
3.7 |
5.1 |
1.3 |
1.8 |
|
Normalized Income After Tax |
32.2 |
16.8 |
13.5 |
15.0 |
5.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
32.2 |
16.8 |
13.5 |
15.0 |
5.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
3.03 |
1.67 |
1.34 |
1.43 |
0.49 |
|
Diluted Normalized EPS |
3.03 |
1.67 |
1.34 |
1.43 |
0.49 |
|
Amort of Acquisition Costs, Supplemental |
- |
- |
- |
0.2 |
0.2 |
|
Amort of Intangibles, Supplemental |
0.5 |
0.3 |
0.2 |
0.2 |
0.2 |
|
Rental Expenses |
0.6 |
0.4 |
0.3 |
0.3 |
0.6 |
|
Advertising Expense, Supplemental |
0.7 |
0.4 |
0.4 |
0.3 |
0.3 |
|
Research & Development Exp, Supplemental |
- |
- |
- |
0.9 |
- |
|
Normalized EBIT |
23.8 |
21.8 |
16.7 |
14.4 |
9.1 |
|
Normalized EBITDA |
33.0 |
29.3 |
23.1 |
20.3 |
16.1 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1066.400024 |
1152 |
1134.9 |
1164.475 |
1259.55 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
11.5 |
0.9 |
0.9 |
8.7 |
0.7 |
|
Short Term Investments |
0.6 |
0.0 |
0.6 |
0.6 |
0.4 |
|
Cash and Short Term Investments |
12.1 |
1.0 |
1.5 |
9.3 |
1.1 |
|
Accounts Receivable -
Trade, Gross |
58.3 |
- |
- |
20.9 |
19.6 |
|
Provision for Doubtful
Accounts |
-0.8 |
- |
- |
-0.3 |
-0.3 |
|
Trade Accounts Receivable - Net |
57.5 |
64.7 |
49.8 |
20.6 |
19.4 |
|
Other Receivables |
2.1 |
2.0 |
0.5 |
0.6 |
1.1 |
|
Total Receivables, Net |
59.6 |
66.7 |
50.3 |
21.2 |
20.4 |
|
Inventories - Finished Goods |
7.9 |
6.9 |
5.4 |
5.2 |
4.1 |
|
Inventories - Work In Progress |
0.9 |
1.0 |
0.5 |
0.7 |
0.4 |
|
Inventories - Raw Materials |
10.9 |
8.9 |
5.7 |
4.3 |
4.5 |
|
Inventories - Other |
2.3 |
2.5 |
1.3 |
1.5 |
1.2 |
|
Total Inventory |
21.9 |
19.2 |
12.9 |
11.6 |
10.1 |
|
Prepaid Expenses |
0.3 |
0.1 |
0.1 |
0.0 |
0.1 |
|
Deferred Income Tax - Current Asset |
- |
- |
- |
0.1 |
0.2 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
- |
- |
|
Other Current Assets, Total |
0.0 |
0.0 |
0.0 |
0.1 |
0.2 |
|
Total Current Assets |
93.9 |
87.1 |
64.8 |
42.2 |
31.9 |
|
|
|
|
|
|
|
|
Buildings |
70.9 |
56.8 |
53.6 |
51.7 |
46.2 |
|
Land/Improvements |
24.5 |
22.7 |
22.9 |
22.3 |
19.5 |
|
Machinery/Equipment |
157.9 |
96.8 |
88.1 |
80.9 |
75.1 |
|
Construction in
Progress |
12.0 |
26.9 |
7.2 |
2.7 |
0.4 |
|
Other
Property/Plant/Equipment |
0.9 |
1.4 |
1.4 |
0.8 |
0.7 |
|
Property/Plant/Equipment - Gross |
266.1 |
204.6 |
173.2 |
158.4 |
142.0 |
|
Accumulated Depreciation |
-85.5 |
-74.7 |
-69.3 |
-61.3 |
-53.3 |
|
Property/Plant/Equipment - Net |
180.5 |
130.0 |
103.9 |
97.1 |
88.7 |
|
Goodwill, Net |
2.3 |
2.1 |
2.2 |
1.4 |
1.5 |
|
Intangibles, Net |
12.5 |
8.2 |
5.5 |
1.6 |
1.0 |
|
LT Investment - Affiliate Companies |
25.5 |
19.7 |
15.4 |
14.7 |
11.2 |
|
LT Investments - Other |
10.0 |
30.5 |
37.8 |
18.9 |
12.7 |
|
Long Term Investments |
35.5 |
50.2 |
53.2 |
33.6 |
23.8 |
|
Note Receivable - Long Term |
9.1 |
0.1 |
- |
- |
0.0 |
|
Pension Benefits - Overfunded |
- |
0.4 |
- |
- |
- |
|
Deferred Income Tax - Long Term Asset |
- |
- |
- |
0.7 |
1.1 |
|
Other Long Term Assets |
2.5 |
1.2 |
1.1 |
1.0 |
0.8 |
|
Other Long Term Assets, Total |
2.5 |
1.7 |
1.1 |
1.7 |
1.9 |
|
Total Assets |
336.3 |
279.4 |
230.6 |
177.5 |
148.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
36.6 |
36.0 |
28.4 |
23.3 |
18.3 |
|
Accrued Expenses |
2.9 |
2.4 |
2.4 |
2.4 |
1.2 |
|
Notes Payable/Short Term Debt |
12.5 |
17.8 |
21.4 |
27.9 |
18.8 |
|
Current Portion - Long Term Debt/Capital Leases |
4.9 |
16.8 |
0.5 |
9.9 |
5.8 |
|
Dividends Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Customer Advances |
0.1 |
0.2 |
0.2 |
0.1 |
0.1 |
|
Income Taxes Payable |
6.1 |
1.0 |
3.6 |
0.8 |
0.1 |
|
Other Payables |
6.8 |
18.5 |
3.8 |
5.7 |
2.6 |
|
Other Current Liabilities |
1.5 |
0.9 |
0.9 |
0.9 |
0.5 |
|
Other Current liabilities, Total |
14.5 |
20.6 |
8.4 |
7.5 |
3.4 |
|
Total Current Liabilities |
71.3 |
93.6 |
61.2 |
71.0 |
47.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
87.7 |
47.8 |
30.4 |
0.4 |
8.8 |
|
Total Long Term Debt |
87.7 |
47.8 |
30.4 |
0.4 |
8.8 |
|
Total Debt |
105.1 |
82.3 |
52.4 |
38.2 |
33.4 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
1.4 |
5.5 |
5.9 |
- |
- |
|
Deferred Income Tax |
1.4 |
5.5 |
5.9 |
- |
- |
|
Minority Interest |
0.3 |
- |
- |
- |
0.8 |
|
Reserves |
0.0 |
0.0 |
0.0 |
- |
- |
|
Pension Benefits - Underfunded |
1.4 |
0.3 |
7.4 |
7.4 |
6.3 |
|
Other Long Term Liabilities |
4.2 |
- |
0.1 |
- |
- |
|
Other Liabilities, Total |
5.6 |
0.3 |
7.5 |
7.4 |
6.3 |
|
Total Liabilities |
166.3 |
147.2 |
105.0 |
78.9 |
63.3 |
|
|
|
|
|
|
|
|
Common Stock |
53.0 |
49.0 |
49.8 |
48.5 |
44.8 |
|
Common Stock |
53.0 |
49.0 |
49.8 |
48.5 |
44.8 |
|
Additional Paid-In Capital |
25.6 |
23.7 |
24.0 |
23.4 |
21.6 |
|
Retained Earnings (Accumulated Deficit) |
87.6 |
54.2 |
42.4 |
32.6 |
19.3 |
|
Treasury Stock - Common |
-1.9 |
-10.3 |
-10.6 |
-10.8 |
-4.5 |
|
Unrealized Gain (Loss) |
2.4 |
15.5 |
20.1 |
5.3 |
4.4 |
|
Translation Adjustment |
0.2 |
0.2 |
0.2 |
- |
- |
|
Other Equity |
3.1 |
0.0 |
-0.2 |
-0.3 |
-0.1 |
|
Other Equity, Total |
3.3 |
0.2 |
-0.1 |
-0.3 |
-0.1 |
|
Total Equity |
170.0 |
132.2 |
125.6 |
98.7 |
85.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
336.3 |
279.4 |
230.6 |
177.5 |
148.9 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
11.1 |
10.1 |
10.1 |
10.0 |
10.7 |
|
Total Common Shares Outstanding |
11.1 |
10.1 |
10.1 |
10.0 |
10.7 |
|
Treasury Shares - Common Stock Primary Issue |
0.2 |
1.2 |
1.2 |
1.3 |
0.6 |
|
Employees |
341 |
316 |
281 |
266 |
268 |
|
Number of Common Shareholders |
- |
- |
6,250 |
5,449 |
5,540 |
|
Accumulated Goodwill Amortization Suppl. |
- |
- |
- |
0.4 |
0.2 |
|
Accumulated Intangible Amort, Suppl. |
1.9 |
1.3 |
1.0 |
2.0 |
1.7 |
|
Deferred Revenue - Current |
0.1 |
0.2 |
0.2 |
0.1 |
0.1 |
|
Total Long Term Debt, Supplemental |
- |
- |
- |
10.3 |
14.6 |
|
Long Term Debt Maturing within 1 Year |
- |
- |
- |
9.9 |
5.8 |
|
Long Term Debt Maturing in Year 2 |
- |
- |
- |
0.2 |
8.8 |
|
Long Term Debt Maturing in Year 3 |
- |
- |
- |
0.2 |
- |
|
Long Term Debt Maturing in 2-3 Years |
- |
- |
- |
0.4 |
8.8 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
- |
- |
0.0 |
0.0 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1126.848795 |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
32.0 |
16.8 |
13.5 |
13.3 |
2.8 |
|
Depreciation |
8.7 |
7.1 |
6.2 |
5.6 |
6.7 |
|
Depreciation/Depletion |
8.7 |
7.1 |
6.2 |
5.6 |
6.7 |
|
Amortization of Intangibles |
0.5 |
0.3 |
0.2 |
0.4 |
0.3 |
|
Amortization |
0.5 |
0.3 |
0.2 |
0.4 |
0.3 |
|
Deferred Taxes |
- |
- |
- |
0.4 |
2.3 |
|
Unusual Items |
-15.7 |
1.7 |
-0.1 |
1.4 |
3.6 |
|
Equity in Net Earnings (Loss) |
-7.2 |
-6.7 |
-4.2 |
-3.4 |
-1.3 |
|
Other Non-Cash Items |
14.8 |
8.6 |
9.1 |
2.2 |
2.1 |
|
Non-Cash Items |
-8.2 |
3.6 |
4.8 |
0.2 |
4.4 |
|
Accounts Receivable |
13.1 |
-18.1 |
-3.8 |
0.1 |
-1.0 |
|
Inventories |
-0.3 |
-6.8 |
-0.3 |
-0.6 |
-1.5 |
|
Prepaid Expenses |
- |
- |
- |
0.1 |
-0.1 |
|
Other Assets |
-1.6 |
-0.2 |
0.0 |
0.0 |
- |
|
Accounts Payable |
-13.9 |
23.7 |
0.8 |
5.8 |
1.4 |
|
Accrued Expenses |
- |
- |
- |
1.0 |
0.1 |
|
Taxes Payable |
- |
- |
- |
0.6 |
0.1 |
|
Other Liabilities |
-1.3 |
-10.3 |
-1.9 |
-1.2 |
-0.9 |
|
Other Operating Cash Flow |
-2.3 |
-6.1 |
-0.3 |
1.0 |
- |
|
Changes in Working Capital |
-6.3 |
-17.6 |
-5.6 |
6.8 |
-1.9 |
|
Cash from Operating Activities |
26.8 |
10.3 |
19.0 |
26.7 |
14.6 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-46.9 |
-36.1 |
-10.5 |
-7.8 |
-6.4 |
|
Purchase/Acquisition of Intangibles |
-4.2 |
-3.9 |
-1.0 |
-1.0 |
-0.8 |
|
Capital Expenditures |
-51.1 |
-40.0 |
-11.5 |
-8.8 |
-7.3 |
|
Sale of Fixed Assets |
0.2 |
0.2 |
0.1 |
0.2 |
0.5 |
|
Sale/Maturity of Investment |
23.1 |
0.6 |
73.6 |
0.6 |
1.4 |
|
Purchase of Investments |
-2.3 |
-0.2 |
-75.1 |
-5.2 |
-1.5 |
|
Sale of Intangible Assets |
0.0 |
0.9 |
0.1 |
- |
- |
|
Other Investing Cash Flow |
- |
- |
- |
-0.1 |
0.9 |
|
Other Investing Cash Flow Items, Total |
21.0 |
1.4 |
-1.4 |
-4.6 |
1.3 |
|
Cash from Investing Activities |
-30.0 |
-38.6 |
-12.9 |
-13.4 |
-5.9 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.2 |
-0.2 |
- |
- |
- |
|
Financing Cash Flow Items |
-0.2 |
-0.2 |
- |
- |
- |
|
Cash Dividends Paid - Common |
-4.5 |
-3.6 |
-3.5 |
-2.5 |
-3.0 |
|
Total Cash Dividends Paid |
-4.5 |
-3.6 |
-3.5 |
-2.5 |
-3.0 |
|
Sale/Issuance of
Common |
- |
0.0 |
0.2 |
0.2 |
0.1 |
|
Repurchase/Retirement
of Common |
- |
- |
- |
-5.8 |
-3.8 |
|
Common Stock, Net |
- |
0.0 |
0.2 |
-5.6 |
-3.6 |
|
Sale/Issuance of
Preferred |
3.5 |
- |
- |
- |
- |
|
Preferred Stock, Net |
3.5 |
- |
- |
- |
- |
|
Issuance (Retirement) of Stock, Net |
3.5 |
0.0 |
0.2 |
-5.6 |
-3.6 |
|
Short Term Debt Issued |
73.1 |
348.2 |
49.3 |
23.7 |
16.3 |
|
Short Term Debt
Reduction |
-80.6 |
-351.7 |
-80.3 |
-16.8 |
- |
|
Short Term Debt, Net |
-7.5 |
-3.5 |
-31.1 |
6.9 |
16.3 |
|
Long Term Debt Issued |
39.0 |
36.1 |
30.0 |
0.8 |
0.4 |
|
Long Term Debt
Reduction |
-17.2 |
-0.5 |
-10.0 |
-5.7 |
-18.7 |
|
Long Term Debt, Net |
21.9 |
35.6 |
20.0 |
-4.9 |
-18.3 |
|
Issuance (Retirement) of Debt, Net |
14.4 |
32.1 |
-11.0 |
2.0 |
-2.1 |
|
Cash from Financing Activities |
13.3 |
28.4 |
-14.3 |
-6.1 |
-8.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.1 |
0.0 |
0.0 |
- |
- |
|
Net Change in Cash |
9.9 |
0.1 |
-8.1 |
7.3 |
-0.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1.0 |
0.9 |
9.0 |
0.7 |
0.9 |
|
Net Cash - Ending Balance |
10.9 |
1.0 |
0.9 |
7.9 |
0.8 |
|
Cash Interest Paid |
4.2 |
3.1 |
2.7 |
- |
- |
|
Cash Taxes Paid |
1.8 |
5.4 |
1.4 |
- |
- |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1126.848795 |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Finished Goods Revenues |
272.8 |
253.6 |
196.7 |
12.5 |
14.8 |
|
Merchandise Sales |
9.3 |
13.9 |
14.1 |
145.4 |
161.3 |
|
Other Revenue |
0.9 |
0.6 |
0.3 |
1.2 |
3.9 |
|
Total Revenue |
283.0 |
268.1 |
211.2 |
159.1 |
179.9 |
|
|
|
|
|
|
|
|
Cost of Finished Goods Sold |
225.0 |
212.3 |
161.1 |
116.5 |
135.8 |
|
Cost of Merchandises Sold |
9.0 |
13.4 |
13.1 |
11.5 |
13.5 |
|
Cost of Other Goods Sold |
0.2 |
0.3 |
0.1 |
0.8 |
3.9 |
|
Salaries & Wages |
7.3 |
5.7 |
5.5 |
4.6 |
4.9 |
|
Retirement Bonus Payment |
- |
- |
- |
- |
0.2 |
|
Retirement & Severance Benefits |
0.6 |
0.8 |
0.7 |
0.8 |
1.0 |
|
Employee Benefits |
1.2 |
1.1 |
1.0 |
0.8 |
0.9 |
|
Stock-Based Compensation |
0.1 |
- |
- |
- |
- |
|
Commissions |
1.0 |
0.8 |
0.9 |
1.1 |
1.0 |
|
Travel Expense |
0.3 |
0.4 |
0.4 |
0.2 |
0.3 |
|
Taxes & Dues |
0.3 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Communication Expense |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Utility Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Service Expense |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Insurance Premiums |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Repair Expense |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Entertainment Expense |
0.5 |
0.5 |
0.4 |
0.1 |
0.2 |
|
Storage Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Shipping & Handling Expense |
6.6 |
5.1 |
4.7 |
3.2 |
2.8 |
|
Activity Expense |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Consumable Expense |
0.1 |
0.1 |
0.1 |
0.0 |
0.1 |
|
Publication Expense |
0.0 |
0.0 |
0.1 |
0.1 |
0.0 |
|
Exporting Expense |
2.9 |
2.0 |
2.2 |
2.2 |
3.2 |
|
Vehicle Maintenance Expense |
0.7 |
0.6 |
0.6 |
0.4 |
0.5 |
|
Expense of Allow. for DA |
0.3 |
0.4 |
0.0 |
- |
0.1 |
|
Education & Training Expense |
0.3 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Conference Expense |
0.3 |
0.3 |
0.3 |
0.3 |
0.2 |
|
Rental Expense |
0.6 |
0.4 |
0.3 |
0.3 |
0.6 |
|
Marketing Expense |
- |
- |
- |
0.2 |
0.2 |
|
Advertising Expense |
0.2 |
0.1 |
0.2 |
0.1 |
0.1 |
|
Sales Promotional Expense |
0.5 |
0.3 |
0.2 |
- |
- |
|
Depreciation |
0.5 |
0.4 |
0.4 |
0.3 |
0.3 |
|
Amort. of Intangibless |
0.2 |
0.3 |
0.2 |
0.4 |
0.3 |
|
Adj. for Selling Expense |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Administrative Expense |
0.0 |
0.0 |
0.0 |
- |
- |
|
Gain on Disposal of PPE |
- |
- |
0.0 |
- |
- |
|
Loss on Disposal of PPE |
- |
- |
0.0 |
- |
- |
|
Adj. for Other Gain/Loss |
- |
- |
0.0 |
- |
- |
|
Gain on Foreign Currency Transaction |
- |
- |
-0.2 |
- |
- |
|
Gain on Foreign Currency Translation |
- |
- |
0.0 |
- |
- |
|
Dividend Income |
- |
- |
-0.4 |
- |
- |
|
Miscellaneous Income |
- |
- |
-0.1 |
- |
- |
|
Adj. for Other Operating Income |
- |
- |
0.0 |
- |
- |
|
Loss on Foreign Currency Transaction |
- |
- |
0.2 |
- |
- |
|
Loss on Foreign Currency Translation |
- |
- |
0.0 |
- |
- |
|
Loss on Scrapping of Inventory |
- |
- |
0.0 |
- |
- |
|
Prov. for Restoration |
- |
- |
0.0 |
- |
- |
|
Donations Paid |
- |
- |
1.3 |
- |
- |
|
Commissions |
- |
- |
0.0 |
- |
- |
|
Miscellaneous Loss |
- |
- |
0.0 |
- |
- |
|
Adj. for Other Operating Expense |
- |
- |
0.0 |
- |
- |
|
Total Operating Expense |
259.2 |
246.3 |
194.2 |
144.6 |
170.8 |
|
|
|
|
|
|
|
|
Interest Income |
0.5 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Dividend Income |
0.3 |
0.4 |
- |
- |
- |
|
Miscellaneous Income |
0.4 |
0.3 |
- |
0.1 |
0.1 |
|
Recovery-Loan Loss Reserve |
- |
- |
- |
0.0 |
0.0 |
|
Gain on Foreign Currency Translation |
- |
0.0 |
0.0 |
0.2 |
0.6 |
|
Gain on Foreign Currency Transaction |
0.0 |
0.1 |
- |
0.3 |
0.5 |
|
Gain on Valt of Derivatives |
0.1 |
- |
- |
- |
- |
|
Gain on Derivatives Transaction |
0.0 |
0.0 |
- |
0.0 |
0.6 |
|
Gain-Disposal of F.A. Avail. for Sale |
16.6 |
0.0 |
0.1 |
0.3 |
- |
|
Gain on Disposal of Invmt Assets |
- |
- |
0.0 |
- |
- |
|
Gain on Disposal of PPE |
0.1 |
0.0 |
- |
0.0 |
0.0 |
|
Gain on Disposal of Intangibless |
- |
0.2 |
- |
- |
- |
|
Interest Expense |
-4.7 |
-3.2 |
-2.7 |
-1.9 |
-2.8 |
|
Commissions |
-0.2 |
0.0 |
- |
0.0 |
0.0 |
|
Prov. for Restoration |
- |
0.0 |
- |
- |
- |
|
Loss on Foreign Currency Transaction |
0.0 |
0.0 |
- |
-0.2 |
-1.0 |
|
Loss on Foreign Currency Translation |
0.0 |
- |
- |
-0.2 |
-1.1 |
|
Loss on Derivative Transaction |
0.0 |
0.0 |
-0.1 |
-0.1 |
0.0 |
|
Loss on Valt of Derivatives |
0.0 |
0.0 |
-0.1 |
0.0 |
-0.1 |
|
Impmt Loss-Fincl Instrm Avail. for Sale |
-0.7 |
-1.8 |
- |
- |
-0.4 |
|
Loss-Disposal of Investment Assets |
- |
- |
- |
0.0 |
- |
|
L-Secs for Sale Disposal |
- |
- |
- |
-0.1 |
0.0 |
|
Impmt Loss on Intangibless |
-0.3 |
- |
- |
- |
- |
|
Loss on Disposal of PPE |
0.0 |
-0.2 |
- |
-1.1 |
-1.9 |
|
Loss on Disposal of Intangibless |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Disposal of Trade Receivable |
-0.2 |
- |
- |
-0.6 |
-1.0 |
|
Loss on Scrapping of Inventory |
0.0 |
0.0 |
- |
- |
- |
|
Loss-Disposal of inventory |
- |
- |
- |
0.0 |
-0.1 |
|
Donations Paid |
-2.3 |
-3.9 |
- |
-0.1 |
-0.1 |
|
Other Non-Operating Expense |
-3.5 |
- |
- |
- |
- |
|
Miscellaneous Loss |
0.0 |
0.0 |
- |
0.0 |
-0.1 |
|
Loss under Equity Method |
- |
- |
- |
- |
-1.0 |
|
Gain under Equity Method |
- |
- |
- |
3.4 |
2.3 |
|
Adj. for Finance Income |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Finance Expense |
0.0 |
0.0 |
- |
- |
- |
|
Gain/Loss on Invmt in Affiliates |
7.2 |
6.8 |
4.2 |
- |
- |
|
Gain on Foreign Currency Transaction-Oth |
0.2 |
0.1 |
- |
- |
- |
|
Gain on Foreign Currency Translation-Oth |
0.1 |
0.1 |
- |
- |
- |
|
Loss on Foreign Currency Transaction-Oth |
-0.1 |
-0.1 |
- |
- |
- |
|
Loss on Foreign Currency Translation-Oth |
0.0 |
0.0 |
- |
- |
- |
|
Adj for Other Non-Operating Income |
0.0 |
0.0 |
- |
- |
- |
|
Adj for Other Non-Operating Expense |
0.0 |
0.0 |
- |
- |
- |
|
Net Income Before Taxes |
37.3 |
20.6 |
18.5 |
14.5 |
3.8 |
|
|
|
|
|
|
|
|
Prov. for Income Taxes |
5.2 |
3.7 |
5.1 |
1.2 |
1.0 |
|
Net Income After Taxes |
32.0 |
16.8 |
13.5 |
13.3 |
2.8 |
|
|
|
|
|
|
|
|
Minority Interest Gain |
- |
- |
- |
0.0 |
0.1 |
|
Net Income Before Extra. Items |
32.0 |
16.8 |
13.5 |
13.3 |
2.9 |
|
Net Income |
32.0 |
16.8 |
13.5 |
13.3 |
2.9 |
|
|
|
|
|
|
|
|
Income Available to Com Excl E |
32.0 |
16.8 |
13.5 |
13.3 |
2.9 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
32.0 |
16.8 |
13.5 |
13.3 |
2.9 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
10.6 |
10.1 |
10.1 |
10.4 |
10.7 |
|
Basic EPS Excluding ExtraOrdin |
3.02 |
1.67 |
1.34 |
1.27 |
0.27 |
|
Basic EPS Including ExtraOrdin |
3.02 |
1.67 |
1.34 |
1.27 |
0.27 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
32.0 |
16.8 |
13.5 |
13.3 |
2.9 |
|
Diluted Weighted Average Share |
10.6 |
10.1 |
10.1 |
10.5 |
10.7 |
|
Diluted EPS Excluding ExtraOrd |
3.01 |
1.67 |
1.34 |
1.27 |
0.27 |
|
Diluted EPS Including ExtraOrd |
3.01 |
1.67 |
1.34 |
1.27 |
0.27 |
|
DPS-Common Stock |
0.44 |
0.45 |
0.35 |
0.31 |
0.27 |
|
Gross Dividends - Common Stock |
4.9 |
4.6 |
3.5 |
3.1 |
2.9 |
|
Normalized Income Before Taxes |
37.4 |
20.5 |
18.6 |
16.3 |
7.0 |
|
|
|
|
|
|
|
|
Inc Tax Ex. Impact of Sp Items |
5.3 |
3.7 |
5.1 |
1.3 |
1.8 |
|
Normalized Income After Taxes |
32.2 |
16.8 |
13.5 |
15.0 |
5.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
32.2 |
16.8 |
13.5 |
15.0 |
5.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
3.03 |
1.67 |
1.34 |
1.43 |
0.49 |
|
Diluted Normalized EPS |
3.03 |
1.67 |
1.34 |
1.43 |
0.49 |
|
Research & Development Exp |
- |
- |
- |
0.9 |
- |
|
Advertising Expense, Supplemental |
0.7 |
0.4 |
0.4 |
0.3 |
0.3 |
|
Interest Expense, Supplemental |
4.7 |
3.2 |
2.7 |
1.9 |
2.8 |
|
Amort of Intangibles, Suppleme |
0.5 |
0.3 |
0.2 |
0.2 |
0.2 |
|
Amort of Acquistion Cost |
- |
- |
- |
0.2 |
0.2 |
|
Rental Expense, Supplemental |
0.6 |
0.4 |
0.3 |
0.3 |
0.6 |
|
Depreciation, Supplemental |
8.7 |
7.1 |
6.2 |
5.6 |
6.7 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1066.400024 |
1152 |
1134.9 |
1164.475 |
1259.55 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Cash Equivalents |
11.5 |
0.9 |
0.9 |
8.7 |
0.7 |
|
Current Fincl Instrm |
0.6 |
0.0 |
0.6 |
0.6 |
0.4 |
|
Trade Receivable, Gross |
58.3 |
- |
- |
20.9 |
19.6 |
|
Allow. for DA for Trade Receivable |
-0.8 |
- |
- |
-0.3 |
-0.3 |
|
Trade Receivable, Net |
- |
64.7 |
49.8 |
- |
- |
|
Short Term Borrowing |
- |
- |
- |
- |
0.0 |
|
Account Receivable |
2.1 |
2.0 |
0.5 |
0.6 |
1.1 |
|
Current Tax Assets |
0.0 |
0.0 |
0.0 |
- |
- |
|
Advance Payments |
1.0 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Prepaid Expense |
0.2 |
0.1 |
0.1 |
0.0 |
0.1 |
|
Prepaid Value Added Taxes |
0.1 |
- |
- |
- |
- |
|
Guarantee Deposits, Current Assets |
0.0 |
0.0 |
0.0 |
- |
- |
|
Accrued Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Income Tax |
- |
- |
- |
0.1 |
0.2 |
|
Merchandises |
0.3 |
0.2 |
0.2 |
0.3 |
0.2 |
|
Finished Goods |
7.6 |
6.7 |
5.2 |
4.9 |
3.8 |
|
Semi-finished Goods |
0.3 |
0.1 |
0.1 |
0.2 |
0.1 |
|
Supplies |
0.9 |
0.8 |
0.7 |
0.6 |
0.7 |
|
Works in Process |
0.6 |
0.9 |
0.4 |
0.5 |
0.3 |
|
Raw Materials |
10.9 |
8.9 |
5.7 |
4.3 |
4.5 |
|
Supplemental Raw Materials |
- |
- |
- |
0.0 |
0.0 |
|
Goods in Transit |
0.3 |
1.6 |
0.5 |
0.8 |
0.5 |
|
Adj. for Trade & Other Receivable |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Inventories |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Other Fincl Instrm |
0.0 |
- |
0.0 |
- |
- |
|
Adj. for Other Current Assets |
0.0 |
0.0 |
0.0 |
- |
- |
|
Total Current Assets |
93.9 |
87.1 |
64.8 |
42.2 |
31.9 |
|
|
|
|
|
|
|
|
Non-Current Fincl Instrm |
0.0 |
0.0 |
0.0 |
0.0 |
0.2 |
|
Secs for Sale |
10.0 |
30.5 |
37.8 |
16.2 |
10.3 |
|
LA Membershp Rgt |
- |
- |
- |
2.7 |
2.1 |
|
Non-Current Loans |
0.1 |
0.1 |
- |
- |
0.0 |
|
Securities under Equity Method |
- |
- |
- |
14.7 |
11.2 |
|
Invmt in Affiliates |
25.5 |
19.7 |
15.4 |
- |
- |
|
Guarantee Deposits, Non-Current Assets |
2.0 |
1.2 |
1.0 |
1.0 |
0.8 |
|
Non-Current Derivatives Assets |
0.4 |
- |
- |
- |
- |
|
Non-Current Prepaid Expense |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
LA Defer Tax Dbt |
- |
- |
- |
0.7 |
1.1 |
|
Accumulated Outside Plan Assets |
- |
0.4 |
- |
- |
- |
|
Lands |
24.5 |
22.7 |
22.9 |
22.3 |
19.5 |
|
Buildings |
30.1 |
26.9 |
25.0 |
24.3 |
21.3 |
|
Buildings-Depreciation |
-8.5 |
-7.3 |
-6.8 |
-6.1 |
-5.1 |
|
Structures |
40.7 |
29.9 |
28.5 |
27.4 |
24.9 |
|
Structures-Depreciation |
-16.3 |
-14.1 |
-13.2 |
-11.8 |
-10.0 |
|
Tools & Equipments |
11.7 |
11.0 |
8.7 |
7.4 |
6.1 |
|
Tools & Equipments-Depreciation |
-4.2 |
-5.7 |
-5.2 |
-4.3 |
-3.6 |
|
Machineries & Equipments |
144.6 |
85.0 |
78.6 |
72.3 |
67.9 |
|
Machineries & Equipments-Depreciation |
-56.0 |
-46.6 |
-43.2 |
-38.3 |
-33.8 |
|
Machineries & Equipments-Govern. Subsidy |
0.0 |
0.0 |
- |
- |
- |
|
Vehicles |
1.1 |
0.8 |
0.8 |
0.6 |
0.5 |
|
Vehicles-Depreciation |
-0.3 |
-0.4 |
-0.4 |
-0.4 |
-0.4 |
|
Fixtures |
- |
- |
- |
0.3 |
0.3 |
|
Fixtures-Depreciation |
- |
- |
- |
-0.2 |
-0.2 |
|
Installation Equipments |
0.4 |
- |
- |
0.3 |
0.2 |
|
Facilities & Equip.-Government Subsidy |
- |
- |
- |
0.0 |
0.0 |
|
Installation Equipments-Depreciation |
-0.3 |
- |
- |
-0.2 |
-0.2 |
|
Construction in Progress |
12.0 |
26.9 |
7.2 |
2.7 |
0.4 |
|
Other Property Plant & Equipment |
0.9 |
1.5 |
1.4 |
0.8 |
0.7 |
|
Other Tangible Assets-Depreciation |
- |
-0.6 |
-0.5 |
- |
- |
|
Other Tangibles-Government Subsidy |
- |
0.0 |
0.0 |
- |
- |
|
Industrial Property Rights |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Development Costs |
9.2 |
5.5 |
2.6 |
1.5 |
1.0 |
|
Membership Rights |
3.1 |
2.5 |
2.9 |
- |
- |
|
Other Intangibless |
0.2 |
0.2 |
0.0 |
- |
- |
|
Goodwill |
2.3 |
2.1 |
2.2 |
1.4 |
1.5 |
|
Adj. for Property, Plant & Equipment |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Intangibless |
- |
- |
0.0 |
- |
- |
|
Adj. for Other Non-Current Fincl Instrm |
0.0 |
- |
0.0 |
- |
- |
|
Adj. for Other Non-Current Assets |
0.0 |
0.0 |
0.0 |
- |
- |
|
Non-Current Other Receivable |
9.0 |
- |
- |
- |
- |
|
Total Assets |
336.3 |
279.4 |
230.6 |
177.5 |
148.9 |
|
|
|
|
|
|
|
|
Trade Payable |
36.6 |
36.0 |
28.4 |
23.3 |
18.3 |
|
Other Payable |
6.8 |
18.5 |
3.8 |
5.7 |
2.6 |
|
Dividend Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Current Derivatives Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Withheld |
1.5 |
0.9 |
0.8 |
0.9 |
0.4 |
|
Current Tax Liabilities |
6.1 |
1.0 |
3.6 |
0.8 |
0.1 |
|
Accrued Expense |
2.9 |
2.4 |
2.4 |
2.4 |
1.2 |
|
Advance from Customers |
0.1 |
0.2 |
0.2 |
0.1 |
0.1 |
|
Current Borrowings |
12.5 |
17.8 |
21.4 |
27.9 |
18.8 |
|
Current Portion of Long-term Liabilities |
4.9 |
16.8 |
0.5 |
9.9 |
5.8 |
|
Adj. for Trade & Other Payable |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Other Current Fincl Liabilities |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Other Current Liabilities |
0.0 |
0.0 |
0.0 |
- |
- |
|
Total Current Liability |
71.3 |
93.6 |
61.2 |
71.0 |
47.5 |
|
|
|
|
|
|
|
|
Bonds |
78.4 |
34.6 |
- |
- |
- |
|
Non-Current Borrowings |
9.4 |
13.2 |
30.4 |
0.4 |
8.8 |
|
Total Long Term Debt |
87.7 |
47.8 |
30.4 |
0.4 |
8.8 |
|
|
|
|
|
|
|
|
Non-Current Derivatives Liabilities |
0.0 |
- |
0.1 |
- |
- |
|
Deferred Income Taxes, LT Liabilities |
1.4 |
5.5 |
5.9 |
- |
- |
|
Prov. for Restoration in LT Liabilities |
0.0 |
0.0 |
0.0 |
- |
- |
|
Retirement & Severance Benefits, Non-Cur |
1.4 |
0.3 |
7.4 |
- |
- |
|
Retire Reserve |
- |
- |
- |
9.2 |
6.3 |
|
Deposit-Retirement Insurance |
- |
- |
- |
-1.7 |
- |
|
Transfer to National Pension Fund |
- |
- |
- |
0.0 |
- |
|
Adj. for Other LT Fincl Liabilities |
- |
- |
0.0 |
- |
- |
|
Non-Current Trade & Other Payable |
0.5 |
- |
- |
- |
- |
|
Preferred Stock Liablites |
3.7 |
- |
- |
- |
- |
|
Minority Interests |
0.3 |
- |
- |
- |
0.8 |
|
Total Liabilities |
166.3 |
147.2 |
105.0 |
78.9 |
63.3 |
|
|
|
|
|
|
|
|
Capital Stock |
53.0 |
49.0 |
49.8 |
48.5 |
44.8 |
|
Additional Paid in Capital |
25.5 |
23.6 |
23.9 |
23.3 |
21.6 |
|
Other Capital Surplus |
0.1 |
0.1 |
0.1 |
0.1 |
- |
|
Stock Options |
0.1 |
- |
- |
- |
- |
|
Other Capital Adj. |
- |
- |
- |
-0.2 |
- |
|
Legal Reserve |
3.0 |
2.4 |
2.0 |
1.6 |
1.3 |
|
Busines Rational |
- |
- |
- |
- |
0.0 |
|
Retained Earnings Carried Forward |
84.6 |
51.8 |
40.3 |
30.9 |
18.0 |
|
Actuarial Gains & Losses |
-1.7 |
-0.9 |
-0.4 |
- |
- |
|
Gain/Losses on Valuation of Securities A |
4.2 |
16.4 |
20.6 |
5.2 |
4.3 |
|
Capital Change, Equity Method |
- |
- |
- |
0.2 |
0.1 |
|
Capital Change, Equity Method (Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Treasury Stock |
-1.9 |
-10.3 |
-10.6 |
-10.8 |
-4.5 |
|
Losses on Disposal of Treasury Stock |
3.1 |
0.0 |
-0.2 |
-0.1 |
-0.1 |
|
Overseas Bus. Translation Debit/Credit |
0.2 |
0.2 |
0.2 |
- |
- |
|
Adj. for Other Paid-in Capital |
0.0 |
0.0 |
- |
- |
- |
|
Adj. for Other Capital Items |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Retained Earnings |
- |
- |
0.0 |
- |
- |
|
Total Equity |
170.0 |
132.2 |
125.6 |
98.7 |
85.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholde |
336.3 |
279.4 |
230.6 |
177.5 |
148.9 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
11.1 |
10.1 |
10.1 |
10.0 |
10.7 |
|
Total Common Shares Outstandin |
11.1 |
10.1 |
10.1 |
10.0 |
10.7 |
|
T/S-Common Stock |
0.2 |
1.2 |
1.2 |
1.3 |
0.6 |
|
Deferred Revenue, Current |
0.1 |
0.2 |
0.2 |
0.1 |
0.1 |
|
Accumulated Intangible Amort, Suppl. |
1.9 |
1.3 |
1.0 |
2.0 |
1.7 |
|
Accumulated Amort of Acquistion Cost |
- |
- |
- |
0.4 |
0.2 |
|
Full-Time Employees |
341 |
316 |
281 |
266 |
268 |
|
Number of Common Shareholders |
- |
- |
6,250 |
5,449 |
5,540 |
|
Long Term Debt Maturing within 1 Year |
- |
- |
- |
9.9 |
5.8 |
|
Long Term Debt Maturing within 2 Years |
- |
- |
- |
0.2 |
8.8 |
|
Long Term Debt Maturing within 3 Years |
- |
- |
- |
0.2 |
- |
|
Total Long Term Debt, Supplemental |
- |
- |
- |
10.3 |
14.6 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1126.848795 |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income or Loss |
32.0 |
16.8 |
13.5 |
13.3 |
2.8 |
|
Depreciation |
8.7 |
7.1 |
6.2 |
5.6 |
6.7 |
|
Amort. of Intangibless |
0.5 |
0.3 |
0.2 |
0.4 |
0.3 |
|
Expense of Allow. for DA |
0.3 |
0.4 |
- |
- |
0.1 |
|
Stock-Based Compensation |
0.1 |
- |
- |
- |
- |
|
Retirement and Severance Benefits |
1.8 |
1.9 |
1.7 |
2.0 |
2.1 |
|
Losses on Foreign Currency Translation |
0.0 |
0.0 |
- |
0.2 |
1.0 |
|
L-Currency Futures Trade |
- |
- |
- |
- |
0.0 |
|
Loss on Valt of Derivative Fincl Assets |
0.0 |
0.0 |
0.1 |
0.0 |
0.1 |
|
Prov.for Restoration |
- |
0.0 |
0.0 |
- |
- |
|
Interest Expenses |
4.7 |
3.2 |
2.7 |
- |
- |
|
Other Non-Operating Expense |
3.5 |
- |
- |
- |
- |
|
Corporate Taxes Expense |
5.2 |
3.7 |
5.1 |
- |
- |
|
Impmt Loss-Fincl Asset Avail.-for-Sale |
0.7 |
1.8 |
- |
- |
0.4 |
|
Impmt Loss on Intangibles |
0.3 |
- |
- |
- |
- |
|
Loss on Scraping of Inventory |
0.0 |
0.0 |
0.0 |
- |
0.4 |
|
L-Trade Rcvbl Disposal |
- |
- |
- |
0.6 |
1.0 |
|
L-Secs for Sale Disposal |
- |
- |
- |
0.1 |
0.0 |
|
Disp Tang Asst Loss |
0.0 |
0.2 |
0.0 |
1.1 |
1.9 |
|
Loss on Disposal of Intangible Assets |
0.0 |
0.0 |
- |
- |
- |
|
Loss under Equity Method |
- |
- |
- |
- |
1.0 |
|
Reversal Prov. Doubt |
- |
- |
- |
0.0 |
0.0 |
|
Gains on Foreign Currency Translation |
-0.1 |
-0.1 |
0.0 |
-0.1 |
-0.6 |
|
Gain on Disposal of Derivative Aset |
- |
- |
- |
- |
-0.6 |
|
Gains on Valts of Derivatives Assets |
-0.1 |
- |
- |
- |
- |
|
Interest Income |
-0.5 |
-0.1 |
-0.1 |
- |
- |
|
Dividend Income |
-0.3 |
-0.4 |
-0.4 |
- |
- |
|
Gain-Disp. of Security Avail-for-Sale |
-16.6 |
0.0 |
-0.1 |
-0.3 |
- |
|
Gain-Disposal of Investment Assets |
- |
-0.2 |
0.0 |
- |
- |
|
Gain Disp Tang. Ast |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Gain on Disposal of Investment in Affili |
- |
-0.1 |
- |
- |
- |
|
Gain under Equity Method |
-7.2 |
-6.7 |
-4.2 |
-3.4 |
-2.3 |
|
Inventory |
-0.3 |
-6.8 |
-0.3 |
-0.6 |
-1.6 |
|
Trade Receivables |
12.5 |
-16.6 |
-3.9 |
-0.4 |
-0.1 |
|
Other Receivables |
0.6 |
-1.5 |
0.1 |
0.5 |
-0.9 |
|
Accrued Income |
- |
- |
- |
0.0 |
0.0 |
|
Dishonored Notes |
- |
- |
- |
0.0 |
- |
|
Other Non-Current Assets |
0.0 |
- |
- |
- |
- |
|
Prepaid Expenses |
- |
- |
- |
0.1 |
-0.1 |
|
Prepaid Income Taxes |
- |
- |
- |
- |
0.0 |
|
LT Prepaid Expense |
- |
- |
- |
- |
0.0 |
|
Advanced Payment |
- |
- |
- |
0.0 |
0.1 |
|
Trade Payable |
-2.2 |
8.4 |
3.9 |
3.2 |
1.2 |
|
Other Payable |
-11.7 |
15.4 |
-3.1 |
2.6 |
0.2 |
|
LT Accrued Expenses |
- |
- |
- |
1.0 |
0.1 |
|
Accrued Income Taxes |
- |
- |
- |
0.6 |
0.1 |
|
Increase-Deferred Income Tax Debit |
- |
- |
- |
- |
2.3 |
|
Deferred Income Tax Debit, Current |
- |
- |
- |
0.4 |
- |
|
Advances Received |
- |
- |
- |
0.0 |
0.0 |
|
Deposits Withheld |
- |
- |
- |
0.4 |
0.1 |
|
National Pension |
- |
- |
- |
0.0 |
0.0 |
|
Other Current Liabilities |
0.4 |
0.0 |
0.0 |
0.0 |
- |
|
Retm&Sevr Benf Liability |
-1.3 |
-10.2 |
-1.9 |
-1.4 |
-1.0 |
|
Retirement Insurance Deposits |
- |
- |
- |
0.0 |
0.0 |
|
Other Current Fincl Assets |
0.0 |
0.0 |
0.0 |
- |
- |
|
Other Current Assets |
-1.0 |
0.0 |
0.1 |
- |
- |
|
Other Non-Current Fiancial Assets |
-0.7 |
-0.1 |
0.0 |
- |
- |
|
Other Current Fincl Liabilities |
- |
0.1 |
0.0 |
- |
- |
|
Other Non-Current Fincl Liabilities |
-0.3 |
-0.1 |
- |
- |
- |
|
Cash-Interest Received |
0.2 |
0.0 |
0.1 |
- |
- |
|
Cash-Interest Paid |
-4.2 |
-3.1 |
-2.7 |
- |
- |
|
Cash-Dividend Income |
3.5 |
2.4 |
3.7 |
1.0 |
- |
|
Cash-Tax Paid |
-1.8 |
-5.4 |
-1.4 |
- |
- |
|
Cash from Operating Activities |
26.8 |
10.3 |
19.0 |
26.7 |
14.6 |
|
|
|
|
|
|
|
|
Dec-ST Financial Assets |
1.4 |
0.6 |
73.4 |
- |
1.3 |
|
Dec-LT Financial Assets |
- |
- |
- |
0.2 |
0.0 |
|
Decrease-Derivatives Assets |
- |
- |
- |
- |
0.0 |
|
Disposal-Securities Available-for-Sale |
21.7 |
0.0 |
0.2 |
0.4 |
- |
|
Decrease in LT Loans |
- |
- |
- |
0.0 |
0.0 |
|
Dec-Guarantee Dep |
- |
- |
- |
0.6 |
0.1 |
|
Dividend Received from Affiliates |
- |
- |
- |
- |
0.9 |
|
Decrease-ST Loans |
- |
- |
- |
0.6 |
0.0 |
|
Decrease-Tangible Assets |
0.2 |
0.2 |
0.1 |
0.2 |
0.5 |
|
Dispose/Member Right |
0.0 |
0.9 |
0.1 |
- |
- |
|
Purchase of Current Fincl Instruments |
-1.9 |
0.0 |
-73.4 |
-0.1 |
- |
|
Purchase of Non-Current Fincl Instrm |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Purchase of Sec. Available-for-Sale |
-0.4 |
0.0 |
-1.7 |
-4.1 |
-1.4 |
|
Increase-Investment Stocks |
- |
- |
- |
-1.0 |
- |
|
Purchase of Other Fincl Instruments |
- |
-0.1 |
- |
- |
- |
|
Increase-ST Loans |
- |
- |
- |
-0.6 |
0.0 |
|
Increase in LT Loans |
- |
- |
- |
- |
0.0 |
|
Inc in Guarant Depos |
- |
- |
- |
-0.7 |
-0.1 |
|
Acq. Other Tangible |
- |
- |
- |
- |
-6.4 |
|
Purchase of Tangibles |
-46.9 |
-36.1 |
-10.5 |
-7.8 |
- |
|
Purchase of Intangibless |
-4.2 |
-3.9 |
-1.0 |
-0.6 |
-0.8 |
|
Inc in Member Rights |
- |
- |
- |
-0.4 |
0.0 |
|
Cash from Investing Activities |
-30.0 |
-38.6 |
-12.9 |
-13.4 |
-5.9 |
|
|
|
|
|
|
|
|
Increase in Current Borrowings |
73.1 |
348.2 |
49.3 |
23.7 |
16.3 |
|
Increase in Non-Current Borrowings |
- |
- |
30.0 |
0.8 |
0.4 |
|
Increase in Bonds |
35.5 |
36.1 |
- |
- |
- |
|
Increase in Bonds with Warrant |
3.5 |
- |
- |
- |
- |
|
Decrease in Treasury Stocks |
- |
0.0 |
0.2 |
0.2 |
0.1 |
|
Issuance-Redeemable Convertible Preferre |
3.5 |
- |
- |
- |
- |
|
Decrease in Current Borrowings |
-80.6 |
-351.7 |
-80.3 |
-16.8 |
- |
|
Decs in Current Portion of LT Liability |
-17.2 |
-0.5 |
-1.3 |
-5.7 |
-18.7 |
|
Decrease in Current Portion of Bonds |
- |
- |
-8.6 |
- |
- |
|
Bonds Issuance Cost |
-0.2 |
-0.2 |
- |
- |
- |
|
Acquis of Treas Stck |
- |
- |
- |
-5.8 |
-3.8 |
|
Dividend Paid |
-4.5 |
-3.6 |
-3.5 |
-2.5 |
-3.0 |
|
Cash from Financing Activities |
13.3 |
28.4 |
-14.3 |
-6.1 |
-8.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.1 |
0.0 |
0.0 |
- |
- |
|
Incs or Decs in Cash & Cash Equivalents |
9.9 |
0.1 |
-8.1 |
7.3 |
-0.1 |
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning |
1.0 |
0.9 |
9.0 |
0.7 |
0.9 |
|
Cash and Cash Equivalents at End |
10.9 |
1.0 |
0.9 |
7.9 |
0.8 |
|
Cash Interest Paid |
4.2 |
3.1 |
2.7 |
- |
- |
|
Cash Taxes Paid |
1.8 |
5.4 |
1.4 |
- |
- |
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.61.82 |
|
UK Pound |
1 |
Rs.96.57 |
|
Euro |
1 |
Rs.82.45 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.