|
Report Date : |
26.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
GS ENGINEERING & CONSTRUCTION CORPORATION
|
|
|
|
|
Registered Office : |
537, Namdaemunno 5-ga, Jung-gu, Seoul, Korea, GS Yeokjeon Bldg., Zip Code 100-722 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
19.12.1969 |
|
|
|
|
Com. Reg. No.: |
104-81-18121 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Construction of Industrial Plants |
|
|
|
|
No. of Employees : |
6,616 |
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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Exists |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
South Korea |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
South Korea - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible
growth and global integration to become a high-tech industrialized economy. In the
1960s, GDP per capita was comparable with levels in the poorer countries of
Africa and Asia. In 2004, South Korea joined the trillion dollar club of world
economies, and currently is among the world's 20 largest economies. Initially,
a system of close government and business ties, including directed credit and
import restrictions, made this success possible. The government promoted the
import of raw materials and technology at the expense of consumer goods, and
encouraged savings and investment over consumption. The Asian financial crisis
of 1997-98 exposed longstanding weaknesses in South Korea''s development model
including high debt/equity ratios and massive short-term foreign borrowing. GDP
plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted
numerous economic reforms following the crisis, including greater openness to
foreign investment and imports. Growth moderated to about 4% annually between
2003 and 2007. With the global economic downturn in late 2008, South Korean GDP
growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began
to recover, in large part due to export growth, low interest rates, and an
expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South
Korea Free Trade Agreement was ratified by both governments and is projected to
go into effect in early 2012. The South Korean economy''s long term challenges
include a rapidly aging population, inflexible labor market, and heavy reliance
on exports - which comprise half of GDP.
|
Source : CIA |
|
Company
Name |
GS ENGINEERING & CONSTRUCTION
CORPORATION (Korean Company Name : “지에스건설(주)”) |
|
|
Registered Address |
537, Namdaemunno 5-ga, Jung-gu, Seoul,
Korea |
|
|
Building |
GS Yeokjeon Bldg. |
|
|
Zip Code |
100-722 |
|
|
Tel |
+82-2-728-1112~3 |
|
|
Fax |
+82-2-728-1203 |
|
|
E-mail |
webmaster@gsconst.co.kr;ykp@gsconst.co.kr;jhoh04@gsconst.co.kr ; hrdong@gsconst.co.kr |
|
|
Website |
www.gsconst.co.kr |
|
|
Trading Address |
537, Namdaemunno 5-ga, Jung-gu, Seoul,
Korea |
|
|
Tel |
+82-2-728-1112~3 |
|
|
Fax |
+82-2-728-3235 |
|
|
Other Address-Gangchon Resort |
29-1, Baekyang-ri, Namsan-myeon, Chuncheon-si,
Gangwon-Do, Korea |
|
|
Tel |
+82-33-260-2100 |
|
|
Fax |
+82-33-262-9090 |
|
|
Other Address-Jeju Resort |
San 17, Eoeum-ri, Aewol-eup, Jeju-si, Jeju-Do, Korea |
|
|
Tel |
+82-64-798-7000 |
|
|
Fax |
+82-64-799-7011 |
|
|
Type |
Export |
|
|
Industry |
Apartment Building Construction |
|
|
Main Business |
Construction of Industrial Plants |
|
|
Established (mm/dd/yyyy) |
12/19/1969 |
|
The Subject owns the premises of registered HQ address, Gangchon Resort and Jeju Resort.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
General building construction(72130000) |
|
Sell |
Commercial or industrial construction(72131600) |
|
Sell |
Residential construction(72131500) |
|
Sell |
Renovation of buildings or landmarks or monuments(72102801) |
|
Name |
Huh Myung-Soo |
|
Address |
- |
|
Date of Birth |
10/01/1955 |
|
Title |
Vice President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
255,000,000,000 |
|||||||||||||||||||||||||||
|
Employees |
6,616 |
|||||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange:
006360) as of 08/03/1981 A Company of GS Group |
|||||||||||||||||||||||||||
|
Bank Details |
SC First Bank of Korea-Mapo Branch Shinhan Bank |
|||||||||||||||||||||||||||
|
Corporate Registered No. |
110111-0002694 |
|||||||||||||||||||||||||||
|
Business Registered No. |
104-81-18121 |
|||||||||||||||||||||||||||
|
Permit & Licenses |
1996 KT Mark 12/05/1999 ISO 14001 by BSI 10/15/2001 ISO 9001 by HSBRS Construction License No.: 10057(Chokyung),
343(Civil Engineering), 60 (Housing Construction) Int’l Trade No.: 970563 |
|||||||||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||||||||
|
Company History |
12/19/1969 Incorporated as LUCKY
DEVELOPMENT CO., LTD. 01/04/1979 Acquired LUCKY Overseas
Construction Co., Ltd. 08/01/1999 Acquired LG Engineering Co.,
Ltd. 10/01/2000 Acquired Baikyang Development
Co., Ltd. 02/24/1995 Changed company name to LG
Engineering & Construction Co., Ltd. 01/27/2005 Separated from LG GROUP 03/18/2005 Changed company name to the
present name 04/04/2005 Joined as an affiliated company
of GS Group |
|||||||||||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education & Career |
|
Chairman & CEO |
Mr. |
Huh Chang-Soo |
Korean |
1948.10.16 |
Korea University, Korea |
|
Vice President & CEO |
Mr. |
Huh Myung-Soo |
Korean |
1955.10.01 |
Korea University, Korea |
|
CEO(Overseas Sales), CGO |
Mr. |
Woo Sang-Ryong |
Korean |
1952.06.16 |
Seoul National University, Korea |
|
CEO |
Mr. |
Park Jong-In |
Korean |
1954.09.28 |
|
|
Outside Director |
Mr. |
Pyun Jong-Keun |
Korean |
1947.10.27 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Park Kyung-Seo |
Korean |
1958.10.02 |
Korea University, Korea |
|
Outside Director/Auditor |
Mr. |
Moon Sung-Woo |
Korean |
1956.02.27 |
Seoul National University, Korea |
|
Outside Director/Auditor |
Mr. |
Jin Byung-Hwa |
Korean |
1948.06.08 |
- |
|
Outside Director/Auditor |
Mr. |
Hur Young-Ho |
Korean |
1952.01.01 |
- |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
6,347,417,419,182 |
10,563,938,956,926 |
182,232,457,048 |
|
|
(*)2011 |
8,524,883,692,768 |
10,304,705,725,042 |
412,570,779,516 |
|
(*)2010 |
7,865,282,625,856 |
10,017,486,706,321 |
386,600,167,085 |
|
2009 |
7,376,924,587,013 |
8,946,255,299,092 |
382,800,689,798 |
|
2008 |
6,865,848,283,075 |
8,182,262,403,210 |
381,553,875,670 |
|
2007 |
6,011,536,409,727 |
5,738,831,089,486 |
399,315,644,472 |
|
2006 |
5,745,164,633,335 |
4,751,421,165,926 |
386,953,458,149 |
|
2005 |
5,630,812,676,381 |
3,825,836,715,015 |
265,137,666,049 |
|
2004 |
4,049,093,403,401 |
3,303,259,665,072 |
156,119,585,786 |
(*Figures are based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
1,000,000,000,000 |
|
Paid-Up Capital(KRW) |
255,000,000,000 |
|
Total Issues Shares |
51,000,000 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
10,563,938,956,926 |
10,304,705,725,042 |
10,017,486,706,321 |
|
Current
Assets |
7,337,141,500,160 |
7,422,082,776,825 |
7,321,975,405,325 |
|
Cash & Cash Equivalents |
1,076,207,775,336 |
1,400,839,383,380 |
1,377,046,965,094 |
|
Trade Receivables & Other
Receivables |
4,942,596,173,447 |
4,667,296,917,298 |
4,433,001,136,070 |
|
Inventories |
265,305,963,344 |
265,912,364,589 |
290,018,473,591 |
|
Other Finance Assets |
241,477,561,679 |
287,780,444,261 |
264,792,698,557 |
|
Other Current Assets |
811,554,026,354 |
800,253,667,297 |
616,808,132,013 |
|
Marketable Financial Instruments |
|
|
340,308,000,000 |
|
Non-Current
Assets |
3,226,797,456,766 |
2,882,622,948,217 |
2,695,511,300,996 |
|
Tangibles |
1,039,415,876,208 |
1,051,186,921,068 |
1,070,752,383,888 |
|
Intangibles |
51,533,538,330 |
48,760,677,072 |
48,744,905,718 |
|
Investment_Real Estates |
312,662,923,895 |
337,629,034,592 |
341,308,226,006 |
|
Investment_Subsidiaries |
915,709,456,153 |
623,843,244,536 |
634,889,914,450 |
|
Long-Term Trade Receivables &
Other Receivables |
519,598,352,386 |
442,289,876,648 |
396,389,846,890 |
|
Non-Current Financial Instruments |
209,504,162,502 |
206,403,803,890 |
203,426,024,044 |
|
Non-Current
Portion of Deferred Income Tax Credit |
178,373,147,292 |
172,509,390,411 |
|
|
Total Liabilities |
6,680,079,477,017 |
6,524,735,797,692 |
6,411,290,603,070 |
|
Current
Liabilities |
4,967,578,945,511 |
4,971,774,138,208 |
5,245,480,020,667 |
|
Trade Payables & Other
Payables |
1,368,538,377,539 |
1,651,761,565,606 |
1,649,163,597,078 |
|
Short-Term Borrowings |
1,033,266,507,859 |
875,391,365,515 |
838,792,076,509 |
|
Accrued Income Tax |
15,195,539,124 |
137,972,589,010 |
120,059,649,330 |
|
Other Current Liabilities |
2,550,578,520,989 |
2,306,648,618,077 |
2,637,464,697,750 |
|
Non-Current
Liabilities |
1,712,500,531,506 |
1,552,961,659,484 |
1,165,810,582,403 |
|
Non-Current Financial Debts |
1,043,065,066,884 |
870,141,425,372 |
310,859,356,848 |
|
Provision for Severance & Retirement |
140,766,155,897 |
81,060,714,972 |
54,716,617,335 |
|
Non-Current Provisions |
322,052,139,899 |
371,404,984,755 |
356,401,144,663 |
|
Deferred Income Tax Credit |
|
|
1,632,746,541 |
|
Other Non-Current Debts |
206,617,168,826 |
230,354,534,385 |
442,200,717,016 |
|
Capital
Stock |
255,000,000,000 |
255,000,000,000 |
255,000,000,000 |
|
Capital Surplus |
134,662,694,623 |
135,396,404,975 |
136,595,608,523 |
|
Others |
-81,060,974,119 |
-82,059,874,119 |
-83,502,547,119 |
|
Other Accumulated Income |
-33,138,575,569 |
-22,555,078,255 |
137,922,724,195 |
|
Profit Surplus |
3,608,396,334,974 |
3,494,188,474,749 |
3,160,180,317,652 |
|
Total Equity |
3,883,859,479,909 |
3,779,969,927,350 |
3,606,196,103,251 |
|
Liab. & Shareholder’s Equity |
10,563,938,956,926 |
10,304,705,725,042 |
10,017,486,706,321 |
Income
Statement
|
|||
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
6,347,417,419,182 |
8,524,883,692,768 |
7,865,282,625,856 |
|
Cost of Sold Goods |
5,761,910,081,284 |
7,589,492,667,192 |
6,847,478,553,479 |
|
Gross Profit |
585,507,337,898 |
935,391,025,576 |
1,017,804,072,377 |
|
Selling & Admin. Expenses |
397,356,211,109 |
593,479,800,262 |
497,410,582,307 |
|
Other Operating Income |
276,014,887,483 |
563,889,164,782 |
387,303,380,271 |
|
Other Operating Expenses |
252,918,673,981 |
360,694,432,935 |
332,265,146,235 |
|
Operating Income |
211,247,340,291 |
545,105,957,161 |
575,431,724,106 |
|
Finance Income |
140,329,979,567 |
205,401,754,092 |
109,245,345,832 |
|
Finance Expenses |
99,140,340,447 |
237,388,545,246 |
167,983,459,991 |
|
Income Before Taxes |
252,436,979,411 |
513,119,166,007 |
516,693,609,947 |
|
Income Taxes Expenses |
70,204,522,363 |
100,548,386,491 |
130,093,442,862 |
|
Net Income |
182,232,457,048 |
412,570,779,516 |
386,600,167,085 |
Cash
Flows
|
|||
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Operating
Activities Cash Flows |
-359,806,666,500 |
-514,244,781,094 |
178,046,822,850 |
|
Cash Flows from Operating |
-201,283,490,522 |
-327,747,125,667 |
280,684,265,494 |
|
Interests Received |
48,213,881,027 |
45,684,880,538 |
47,613,230,576 |
|
Interests Paid |
-35,195,095,264 |
-33,714,039,145 |
-63,739,868,486 |
|
Dividends Received |
8,798,001,896 |
9,602,298,728 |
12,230,395,854 |
|
Income Taxes |
-180,339,963,637 |
-208,070,795,548 |
-98,741,200,588 |
|
Cash
Flows from Investing |
-342,998,629,661 |
76,533,077,977 |
-166,815,195,288 |
|
Cash Inflow from Investing |
323,019,597,333 |
625,043,826,954 |
560,727,764,873 |
|
Cash Outflows for
Investing |
-666,018,226,994 |
-548,510,748,977 |
-727,542,960,161 |
|
Cash
Flows from Financing |
376,756,452,609 |
460,092,590,829 |
-72,474,697,361 |
|
Cash Inflows from
Financing |
1,207,215,649,156 |
1,677,955,562,080 |
1,081,731,491,666 |
|
Cash Outflows from
Financing |
-830,459,196,547 |
-1,217,862,971,251 |
-1,154,206,189,027 |
|
Increase/Decrease in Cash |
-324,631,608,044 |
23,792,418,286 |
-67,696,203,285 |
|
Cash at the Beginning of Year |
1,400,839,383,380 |
1,377,046,965,094 |
1,444,743,168,379 |
|
Cash at the End of Year |
1,076,207,775,336 |
1,400,839,383,380 |
1,377,046,965,094 |
|
Main Products & Services |
General building construction -Construction Service Engineering, procurement, construction management services for civil construction -Highway, harbor, bridge construction Commercial or industrial construction -Refinery and petrochemical plant, waste water treatment, waste disposal, and landfill Residential construction Renovation of buildings or landmarks or monuments |
|
Suppliers |
DONGKUK STEEL MILL CO.,
LTD.(110111-0031338) HYUNDAI STEEL COMPANY(120111-0001743) LS CABLE LTD.(134111-0168357) GAON CABLE CO., LTD.(134111-0000567) DOOSAN MECATEC CO., LTD.(110111-0126022) |
|
Customers |
LG DISPLAY CO., LTD.(110111-0393134) KYUNGBANG LTD(110111-0013287) KOREA LAND CORPORATION(114271-0001818) KOREA REAL ESTATE INVESTMENT TRUST CO.,
LTD(110111-1258220) KOREA MIDLAND POWER CO.,
LTD.(110111-2207193) KOREA HYDRO & NUCLEAR POWER CO.,
LTD.(110111-2207127) KOREA WATER RESOURCES CORPORATION(164171-0000052) KOREA GAS CORPORATION(114671-0006125) AL SUWADI POWER COMPANY AL BATINAH POWER COMPANY BAPCO SEVEN LUCK CASINO KOTRA LAND TRANSPORT AUTHORITY |
|
Competitors |
HYUNDAI ENGINEERING & CONSTRUCTION CO.,
LTD.(110111-0007909) 140-2, GYE-DONG, JONGNO-GU, SEOUL, KOREA TEL:+82-2-746-1114 FAX:+82-2-746-3333 DAEWOO ENGINEERING & CONSTRUCTION CO.,
LTD.(110111-2137895) KUMHO ASIANA FIRST TOWER, 57, SINMUNNO
1-GA, JONGNO-GU, SEOUL, KOREA TEL:+82-2-2288-3114 FAX:+82-2-2288-3113 SAMSUNG C & T
CORPORATION(110111-0002975) 1321-20, SEOCHO 2-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-2145-2114 FAX:+82-2-2145-3114 DAELIM INDUSTRIAL CO., LTD.(110111-0084915) DAELIM BLDG., 146-12, SUSONG-DONG,
JONGNO-GU, SEOUL, KOREA TEL:+82-2-2011-7114 FAX:+82-2-2011-8000 |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
GS HOLDINGS CORP. (110111-3045112) GS HOME SHOPPING INC. (110111-1111444) COSMO CHEMICALCO., LTD (110111-0152738) SAMYANG TONGSANG LTD GS-CALTEX CORPORATION (110111-0078819) GS POWER (134111-0074744) HAEYANG CITY GAS CO., LTD (200111-0004906) SEORABEOL CITY GAS CO.,LTD (171211-0024180) OIL CHAIN CORPORATION (110111-2194754) GS FUELCELL CO.LTD. (160111-0108202) GS RETAIL (110111-0090037) GSWATSONS (110111-3136474) KOREA CABLE TV ULSAN STATION
(181211-0045481) GS TELESERVICE (110111-2618192) GS SPORTS.LTD (110111-3024330) HAMOO DEVELOMET CO., LTD (110111-0411142) XI SERVICE (110111-3141720) SAMYANG INT'L CO., LTD. (110111-0424848) BOHEUN DEVELOPMENT CO., LTD.
(110111-1557573) COMTECH INTERNATIONAL OKSAN DISTRIBUTION (110111-1426108) S M COMPANY LTD (110111-1308124) GS NEOTEK (110111-0166953) EZVILLE INC. (110111-1934557) CENTRAL MOTORS CORP. (131111-0101912) SUNGSAN GROUP CORPORATION (110111-0110653) SLS LTD (110111-1632424) SUNGSAN LEISURE INC (141111-0022893) YEOSU-WHAMUL INC (204714-0001033) WANNA NET COSMO FINE CHEMICALS CO.,
LTD.(110111-0531205) COSMO INDUSTRIAL CO.LTD (150111-0077722) SMARTRO CO., LTD (110111-1536189) COSMO & COMPANY CO., LTD.
(110111-0298243) COSMO CORPORATION CO., LTD.(110111-2559354) COSMO INET (110111-2559362) ISURF INC. (110111-2197047) LANDMARK ASIA, INC. (110111-2219411) DREAM SPORTS COSMO S&F MARUMAN KOREA (131111-0093953) DH CLUB.COM ESTECH ESTIMATE CORP. (110111-3253583) NEXTATION.CO.,LTD. (110111-2123571) UIJEONGBU LIGHT RAIL TRANSIT CO., LTD (280111-0071743) STSLOGISTICS INC. (110111-1999197) GS EPS KANGNAM CABLE SYSTEM INC. (110111-1009780) ITMEXSYI (110111-3451731) GLS SERVICE CORP. (110111-3532846) |
|
Affiliates-Overseas |
GS CALTEX SINGAPORE PTE.(SINGAPORE) GS E&C ITALY S.R.L.(ITALY) GS E&C (NANJING) CO. LTD.(CHINA) GS E&C POLAND SP.Z.O.O.(POLAND) CHONGQING GS SHOPPING INC.(CHINA) SAMHO CO. LTD.(VIETNAM) SAMMA CORP.(PHILIPPINES) QINGDAO SAMYANG LEATHER CO., LTD.(CHINA) FARWEST STEEL CO.(USA) TONGDAL COSMO PLASTIC PIPE CO., LTD.(CHINA) GS AROMATICS PTE.(SINGAPORE) LIDONG CHEMICAL CO. LTD.(CHINA) GS-HP SUNFLOWER INTERNATIONAL VILLAGE
CORP.(VIETNAM) LANDMARK GLOBAL INC.(USA) WESTERN COATING INC.(USA) QINGDAO LIXING LOGISTICS CO., LTD.(CHINA) GS E&C THAI CO., LTD.(THAILAND) BEIJING SC MOTOR PARTS CO., LTD.(CHINA) FRONTIER NEMTWO(MALAYSIA) FRONTIER WOKAM(MALAYSIA) GS CALTEX(QINGDAO) CO., LTD.(CHINA) GS E&C INDIA PRIVATE LTD.(INDIA) GS CALTEX(LANGBANG) CO., LTD.(CHINA) GS CU CHI DEVELOPMENT CO. LTD.(VIETNAM) COSMO VIETNAM CO., LTD.(VIETNAM) GS CONSTRUCTION (ARABIA) LTD.(SAUDI ARBIA) GS NHA BE DEVELOPMENT ONE-MEMEBER
LLC.(VIETNAM) GS CALTEX(QINGDAO) ENERGY CO., LTD(CHINA) GS RETAIL VIETNAM CO., LTD.(VIETNAM) COSMO RUS, LLC.(RUSSIA) MK INTERNATIONAL(JAPAN) GS NEOTEK VIETNAM CO., LTD.(VIETNAM) GS SAIGON DEVELOPMENT ONE-MEMBER
LLC(VIETNAM) SLEEP METHODS, INC.(USA) COSMO CHINA INVESTMENT CO., LTD.(CHINA) GS CALTEX(JINAN) ENERGY CO., LTD(CHINA) GS (CAMBODIA) DEVELOPMENT CO.,
LTD.(CAMBODIA) GS GLOBAL BIO CO., LTD.(CAMBODIA) |
|
Affiliates-Overseas |
GS E&C NANJING CO.,LTD. GS NHA BE DEVELOPMENT ONE-MEMBER LLC GS SAIGON DEVELOPMENT ONE-MEMBER LLC GS E&C INDIA PRIVATE LTD. GS (CAMBODIA) DEVELOPMENT CO.,LTD. GS CONSTRUCTION ARABIA CO.,LTD. GS SAUDI CO., LTD. GS E&C POLAND SP.ZO.O GS E&C CONSTRUCTION CANADA LTD. GS E&C PANAMA S.A. GS INIMA ENVIRONMENT S.A. AGUAS DE ENSENADA, S.A. DE C.V. AMBIENT SERVICOS AMBIENTAIS DE RIBEIRAO
PRETO, S.A. AQUARIA WATER LLC ARAUCARIA SANEAMENTO, S.A. DESALINIZADORA ARICA LTDA. OHL MEDIO AMBIENTE, INIMA CHILE LTDA. OHL MEDIO AMBIENTE INIMA MEXICO, S.A. DE
C.V. INIMA USA CONSTRUCTION CORPORATION INIMA USA CORPORATION GS INIMA BRASIL LTDA. PROMOAQUA DESALACION DE LOS CABOS, S.A. DE
C.V. SANEAMENTO DO VALE DO PARIBA, S.A. SERVICOS DE SANEAMENTO DE MOGI MIRIM, S.A. TECNICAS Y GESTION MEDIOAMBIENTAL, S.A. TRACTAMENT METROPOLITA DE FANGS, S.L. CASINIMA - EMPREITADA PONTE DA BAIA,
A.C.E. HIALEAH WATER, LLP |
|
Overseas Office |
ITALY/MILAN OFFICE GS ENGINEERING & CONSTRUCTION ITALY
S.R.L. VIA DELL'UNIONE EUROPEA, 6 20097 SAN DONATO MILANESE TEL:+39-02-518142 IRAN/TEHRAN OFFICE NO. 63, 5TH FLOOR, ZAFAR AVE.(DASTEGERDI),
SHARIATI ST., TEHRAN, IRAN TEL:+98-21-227-2401 UAE/DUBAI OFFICE OFFICE NO. 204, 2ND FLOOR, RAIS HASSAN SAADI
BLDG.,BUR DUBAI, DUBAI, U.A.E TEL:+971-4-351-4115 INDIA/NEW DELHI OFFICE 1ST FLOOR, BUILDING NO.9, D BLOCK LOCAL
SHOPPING CENTER II, POORVI MARG, VASANT VIHAR, NEW DELHI - 100 057, INDIA TEL:+91-11-2614-5552/5021 CHINA/BEIJING OFFICE B1509, EAGLE RUN PLAZA, NO.26 XIAOYUN ROAD,
CHAOYANG DISTRICT, BEIJING CHINA 100016 TEL:+86-10-8458-3062 CHINA/NANJING OFFICE FL.12, HEPING BUILDING, NO.22 BEIJING EAST
ROAD, NANJING, CHINA 210008 TEL:+86-25-8695-9988 VIETNAM/HANOI OFFICE 1ST FLOOR, HANOI CENTRAL BUILDING (MELIA),
44B LY THUONG KIET STREET, HANOI, VIETNAM TEL:+84-4-934-5100/5103 INDONESIA/JAKARTA OFFICE J1 JEND SUDIRMAN KAV.52-53. JAKARTA STOCK
EXCHANGE BUILDING 15TH FLOOR SUITE 1502 TEL:+62-2-515-1844 |
|
Subsidiary |
PARNAS HOTEL CO., LTD.(Ex. HANMOO DEVELOMET
CO., LTD. :110111-0411142) (67.56% held by the subject company) EZVILLE, INC.(110111-1934557) (78% held by the subject company) XI SERVICE(110111-3141720) (100% held by the subject company) ESTECH ESTIMATE CORP.(110111-3253583) (100% held by the subject company) GLS SERVICE CORP.(110111-3532846) (100% held by the subject company) GCS PLUS(140111-0033487) (100% held by the subject company) GS E&C ITALY S.R.L (100.00% held by the subject company) GS E&C POLAND SP.ZO.O (100.00% held by the subject company) GS CU CHI DEVELOPMENT ONE-MEMBER LLC (100.00% held by the subject company) GS NHA BE DEVELOPMENT ONE-MEMBER LLC (100.00% held by the subject company) GS SAIGON DEVELOPMENT ONE-MEMBER LLC (100.00% held by the subject company) |
|
Cooperative Enterprise |
KAIST KAWASAKI -Insured Company LIG INSURANCE CO., LTD.(110111-0017859) |
(Activity & Markets)
|
Sales/ Unit :100 Mil KRW |
2011 |
2010 |
2009 |
|
Export |
38,110 |
23,657 |
17,181 |
|
Domestic |
47,551 |
53,635 |
53,431 |
|
Others |
4,861 |
6908 |
3,157 |
|
Total |
90,522 |
84,200 |
73,769 |
The subject exports to Asia and Middle East Countries.
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/
Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
|
Park Soon-Shim |
The Subject & Others(1) |
Confirmation on the right Lotting Position |
- |
2nd Round Proceeding |
|
|
|
Isu Engineering & construction co.,
Ltd.(110111-0202202) |
The Subject |
Compensation for Hangang Xi's Fire
Accident |
100 |
2nd Round Proceeding |
|
|
|
Association
of Residential Representatives |
The Subject & Others(3) |
Stopping Construction of Chungdam Xi |
- |
1st Round Proceeding |
|
|
|
Association
of Residential Representatives |
The Subject & Others(3) |
Compensation for Repairing of Cheonan
Chungsol LG/SK Apt. |
1,029 |
2nd Round Proceeding |
|
|
|
Association
of Residential Representatives |
The Subject & Others(4) |
Compensation for Repairing of Busan Metro
City |
4,525 |
1st Round Proceeding |
|
|
|
Kang Keum-Ryeol |
The Subject & Others(1) |
Claim for Damages of Highway Site between
Daegu-Pohang |
958 |
1st Round Proceeding |
|
|
|
The Subject |
Samsung C&T
Corporation(110111-0002975) |
Claim for Damages of Icheon Logistics
Center's accident |
4,000 |
1st Round Proceeding |
|
|
|
The Subject & Others(3) |
Korea Workers' Compensation & Welfare Service |
Cancellation on imposed insurance fee |
3,370 |
2nd Round Proceeding |
|
|
|
Turkey GURIS |
The Subject & Tupras |
Claim for Account Receivables of IZMIR
Project |
$12,800,000 |
3rd Round Proceeding |
|
|
|
Prosecutors's Office |
The Subject & Park Chang-Kyu |
Criminal Case of the Violation on the Law
of Industry Safety |
Criminal Case |
3rd Round Proceeding |
|
|
|
Prosecutors's Office |
The Subject & Cho Kyu-Ho |
Criminal Case of Icheon GS Homeshopping
Logistics Center on the Law of Industry Safety |
Criminal Case |
2nd Round Proceeding |
|
|
|
Prosecutors's Office |
The Subject |
Criminal Case of Seoul Subway Line 7 of
the Law on Fair Trade |
Criminal Case |
3rd Round Proceeding |
|
|
|
Lim Kyung-Soo |
The Subject & Others(1) |
Compensation for Shindaerim Xi |
503 |
1st Round Proceeding |
|
|
|
Hong Cheol-Sun |
The Subject & Others(2) |
Provisional disposition for stopping the
construction of Kwonsun Jugong |
Provisional disposition |
1st Round Proceeding |
|
|
|
Ruukki Construction Polska z.0.0 |
The Subject |
Claim for Account Payable from LG Innot다(Poland) |
1,100 |
1st Round Proceeding |
|
|
|
Youngwoo Construction Co., Ltd &
Others(6) |
The Subject & Others(3) |
Claim for Damages of Highway Site between
Ducksan-Yesan |
1,900 |
1st Round Proceeding |
|
|
|
The Subject |
Fair Trade Commission |
Cancellation on the imposed penalty from
Seoul Subway Line 7 |
3,542 |
1st Round Proceeding |
|
|
|
The Subject |
KSCFC |
Claim for Agreement Guarantee for
continuing the construction |
521 |
1st Round Proceeding |
|
|
|
Prosecutors's Office |
The Subject & Others(5) |
Criminal Case of South-East Distribution Complex
Construction of the Violation on the Construction Industry Basic Law |
Criminal Case |
2nd Round Proceeding |
|
|
|
Prosecutors's Office |
Lee Se-Chan |
Criminal Case of South-East Distribution Complex
Construction of the Violation on the Construction Industry Basic Law |
Criminal Case |
2nd Round Proceeding |
|
|
|
Purun City Co., Ltd. |
The Subject |
Claim for Account Receivables on
Shindaerim Xi |
3,800 |
1st Round Proceeding |
|
|
|
Lee Jung-Cheong & Others(275) |
The Subject & Others(1) |
Provisional disposition on Stopping Pungmu
Xi Construction |
- |
1st Round Proceeding |
|
|
|
Song Chang-Woong & Others(14) |
Association including the Subject Company |
Confirmation on Nullifying of the general
meeting for Bomun3 Area |
- |
1st Round Proceeding |
|
|
|
Association
of Residential Representatives |
The Subject & Others(2) |
Claim for Damages of Mario Tower |
500 |
1st Round Proceeding |
|
|
|
Seo Seok-Chil |
The Subject & Others(1) |
Cancellation of Provisional disposition on
stopping the construction between Gachang-Kaknam |
- |
1st Round Proceeding |
There are 19 cases filed as Plaintiff(s)/ Creditor(s)/ Applicant(s) amounting
127,624,000,000 KRW, and 48 cases Defendant(s)/ Debtor(s)/ Respondent(s)
amounting 87,575,000,000 KRW as of 09/30/2012.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.04 |
|
UK Pound |
1 |
Rs.81.80 |
|
Euro |
1 |
Rs.71.41 |
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.