MIRA INFORM REPORT

 

 

Report Date :

18.06.2013

 

IDENTIFICATION DETAILS

 

Correct Name :

LSIS CO., LTD.

 

 

Formerly Known as:

LG INDUSTRIAL SYSTEMS CO., LTD.

 

 

Registered Office :

LS Tower 1026-6, Hogye 1-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea

431-848

 

 

Country :

South Korea

 

 

Financials (as on) :

30.09.2012

 

 

Date of Incorporation :

01.06.1975

 

 

Com. Reg. No.:

116-81-19273

 

 

Legal Form :

Listed Company

 

 

Line of Business :

Manufacturer of Boards for Electric Control or Distribution

 

 

No. of Employees :

3,415

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Good

Payment Behaviour :

Regular

Litigation :

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 – 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

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 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


Basic Information

 

Company Name

LSIS CO., LTD.

(Ex. Company Name : LS INDUSTRIAL SYSTEMS CO., LTD.)

(Korean Company Name : “LS산전()”)

Registered Address

1026-6, Hogye 1-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea

Building

LS Tower

Zip Code

431-848

Tel

+82-1544-2080

Fax

+82-2-2034-4969

E-mail

djkimc@lsis.biz

Website

www.lsis.biz

Trading Address

LS Tower, 10FL., 1026-6, Hogye 1-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea

(New Address System : LS Tower, 127, LS-ro, Dongan-gu,  Anyang-si, Gyeonggi-do, Korea)

Tel

+82-1544-2080

Fax

+82-2-2034-4969

Trading Address-Gayang Office

367-1, Gayang 1-dong, Gangseo-gu, Seoul, Korea

Tel

+82-2-3660-7114

Trading Address-Cheongju Plant

1, Songjeong-dong, Heungdeok-gu, Cheongju-si, Chungcheongbuk-do, Korea

Tel

+82-43-261-6031

Fax

+82-43-261-6602

Trading Address-Cheonan Plant

181, Samsung-ri, Mokcheon-eup, Cheonan-si, Chungcheongnam-do, Korea

Tel

+82-41-550-8114

Fax

+82-41-566-8408

Trading Address-Janghang Plant

78, Jangam-ri, Janghang-eup, Seocheon-gun, Chungcheongnam-do, Korea

Tel

+82-41-955-3114

Fax

+82-41-956-1020

Trading Address-Central R&D Center

533, Hogye 1-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea

Tel

+82-31-450-7114

Trading Address-Electric Power R&D Center

1, Songjeong-dong, Heungdeok-gu, Cheongju-si, Chungcheongbuk-do, Korea

Tel

+82-43-261-6114

Trading Address-Busan Sales Office

140-9, Gamjeon 2-dong, Sasang-gu, Busan, Korea

Tel

+82-51-310-5300

Trading Address-Daegu Sales Office

1575-1, Sangyeok 2-dong, Buk-gu, Daegu, Korea

Tel

+82-53-603-7711

Fax

+82-53-603-7777

Trading Address-Gwangju Sales Office

96-2, Unam 2-dong, Buk-gu, Gwangju, Korea

Tel

+82-62-529-0393

Fax

+82-62-527-0575

Type

Export/Import

Industry

Manufacture of Electrical Apparatuses for Switching, Protecting and Connecting Electrical Circuits Used in Power Distribution Systems

  Main Business

Circuit Breakers, Meter, Transformers, Switchgear(Switching Boards) Panels, PLC, HMI, Inverter, RF-ID, Copper Tube, Stainless Pipe, Inverter, Electric Power Quality Sophistication Solution, Automation System, RF-ID, Pointed End Traffic Controlling System, Copper Pipe, Electric Tool

  Sub Business

Manufacture of Boards for Electric Control or Distribution

Established (mm/dd/yyyy)

06/01/1975

The Subject owns the premises of Cheongju Plant (215,838m2), Cheonan Plant (156,205m2), Janghang Plant (244,026m2), Gayang Office (40,744m2), Busan Sales Office (3,820m2) and Daegu Sales Office (3,969m2).

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Molded case circuit breakers(39121616)

Sell

Power relays(39121514)

Sell

Network gateway(43222605)

Sell

Power supply transformers(39121002)

Sell

Power drills(27112703)

Sell

Air circuit breakers(39121615)

Sell

Gas analyzers and monitors(41113100)

Sell

Circuit protection devices and accessories(39121600)

Sell

Switches and controls and relays and accessories(39121500)

Sell

Panelboards(39121103)

Sell

Switchgear systems(39121105)

Sell

Solar generators(26111607)

Sell

Wattmeters(41113640)

Sell

Power conditioning equipment(39121000)

Sell

Industry specific software(43232600)

Sell

Cutting machines(23101508)

Sell

Contactors(39121529)

Sell

Industrial control software(43232608)

Sell

Control unit(43201542)

Sell

Earth leakage circuit breakers(39121614)

Sell

Power monitoring or control systems(39121106)

Sell

Grinders(27111905)

Sell

Load centers(39121101)

Sell

Flow computers or totalizers(41112512)

Sell

Traffic control(46161500)

Sell

Flowmeters(41112501)

Sell

Overload relays(39121520)

Sell

Blowers(40101601)

Sell

Telecommunication terminal units(43222815)

Sell

Power tools(27112700)

Sell

Motor control centers(39121104)

Sell

Automotive exhaust emission analyzers(41113101)

Sell

Railway signaling systems(46161502)

Sell

Measuring and observing and testing instruments(41110000)

Sell

Pressure transmitters(41112410)

Sell

eries and cells and accessories(26111700)

Sell

Programmable logic controller (PLC)

Sell

Graphic recorders(41111908)

Sell

Inverters(32121705)

Sell

Central processing unit CPU processors(43201503)

Sell

Computers(43211500)

Sell

Polishing machines(23101510)

Sell

Electrical and electronic engineering(81101700)

Sell

Copper tubing(31231302)

 

 

CEO’s

 

Name

Koo Ja Kyun

Title

10/08/1957

Sex

President & CEO

Nationality

Male

 

 

Profiles

 

Capital (KRW)

150,000,000,000

Employees

3,415

Formation

Listed Company (Korea Stock Exchange : 010120 ) as of 07/11/1994

A company of LS Group

Bank Details

SC First Bank of Korea-Yoido Kwangjang Branch

Corporate Registered No.

110111-0520076

Business Registered No.

116-81-19273

Permit & Licenses

Acquired CE, UL, CCC, IEC

 

Int’l Trade No.: 872465

Shareholder Position

Name

Shares

%

LS CORP.(110111-0003965)

13,800,000

46.00

MIRAE ASSET INVESTMENT MANAGEMENT CO., LTD.(110111-1441685)

3,027,269

10.09

NATIONAL PENSION SERVICE

2,649,627

8.83

MASSACHUSETTS FINANCIAL SERVICES COMPANY

1,191,451

3.97

KB ASSET MANAGEMENT CO., LTD.(110111-0572556)

1,542,529

5.14

TREASURY STOCK

674,963

2.25

OTHERS

7,114,161

23.71

TOTAL

30,000,000

100.00

Company History

07/24/1974 Incorporated as Lucky Packing Co., Ltd.

02/1979 Changed company name to SHINYOUNG ELECTRIC CO., LTD.

03/1987 Changed company name to GOLD STAR INDUSTRIAL SYSTEMS CO., LTD.

02/1995 Changed company name to LG INDUSTRIAL SYSTEMS CO., LTD.

03/2005 Changed company name to the present name

 

 

 

 

Management

 

Job Description

Title

Name

Nationality

Date of Birth

Education

Vice Chairman & CEO

Mr.

Koo Ja-Kyun

Korean

1957.10.08

University of Texas, USA

Chairman & CEO

Mr.

Koo Ja-Yob

Korean

1950.12.30

Myungji University, Korea

CFO

Mr.

Kim Won-Il

Korean

1963.01.01

Korea University, Korea

Director

Mr.

Lee Kwang-Woo

Korean

1954.12.03

Yonsei University, Korea

Auditor

Mr.

Cho Won-Jae

Korean

1943.12.15

Kyunghee University, Korea

Auditor

Mr.

Jung Hyun-Kyo

Korean

1955.08.17

Seoul University, Korea

Outside Director

Mr.

Seol Seung-Ki

Korean

1958.03.25

Seoul University, Korea

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

(*)09/2012

1,202,944,294,969

1,814,370,027,137

89,977,512,007

(*)2011

1,402,034,913,423

1,623,026,422,314

58,827,629,090

(*)2010

1,409,828,572,249

1,530,404,312,779

116,046,144,043

2009

1,446,199,449,440

1,284,995,240,329

169,715,728,863

2008

1,419,482,942,153

1,147,484,078,505

94,779,252,844

2007

1,293,646,222,083

955,024,093,899

110,727,917,912

2006

1,205,083,943,076

934,133,939,980

99,536,627,349

2005

1,103,910,055,233

873,636,109,837

82,292,083,153

2004

1,013,706,858,537

847,336,877,612

84,431,133,137

(*)Figures are based on the K-IFRS Accounting System.

 

 

Financial Description

 

Authorized Capital(KRW)

1,500,000,000,000

Paid-Up Capital(KRW)

150,000,000,000

Total Issues Shares

30,000,000

 

Balance Sheet

 

Unit : Korean Won

01/01/2012~09/30/2012

As of 12/31/2011

As of 12/31/2010

Total Assets

1,814,370,027,137

1,623,026,422,314

1,530,404,312,779

Current Assets

801,694,683,000

636,214,869,184

612,653,102,549

Cash & Cash Equivalents

98,256,155,141

82,168,561,454

72,643,247,638

Current Financial Instruments

11,579,941,702

10,937,109,434

22,096,959,023

Current Portion of Derivatives

14,187,768,302

2,109,657,948

3,241,984,952

Marketable Financial Instruments

 

184,107,053

113,980,000

Trade Receivables

361,902,571,419

271,782,566,188

252,385,686,665

Other Receivables

33,293,427,426

33,207,014,057

30,598,735,691

Current Portion of Receivables-Construction

112,018,586,952

86,917,705,117

93,162,186,738

Refunded Income Taxes

 

3,398,763,308

-

Other Current Assets

29,627,395,070

15,993,724,227

19,727,024,339

Current Portion of Finance Lease Debts

242,126,394

230,980,542

-

Inventories

140,586,710,594

129,284,679,856

118,683,297,503

Non-Current Assets

1,012,675,344,137

986,811,553,130

917,751,210,230

Non-Current Financial Instruments

2,525,000,000

2,025,603,400

2,022,603,400

Marketable Financial Instruments

17,183,891,471

15,040,630,820

15,519,024,835

Long-Term Trade Receivables

1,350,569,606

3,519,362,731

3,911,999,340

Long-Term Other Receivables

779,796,463

1,223,570,013

2,024,616,283

Investment_Subsidiaries

313,752,162,705

313,752,162,705

315,085,990,056

Investment_Related Companies

4,269,828,213

4,269,828,213

7,150,436,260

Investment_Co-Subsidiaries

21,136,999,260

21,136,999,260

22,582,932,934

Other Non-Current Assets

11,729,278,459

9,518,696,211

9,174,605,058

Finance Lease Debts

2,250,519,646

2,433,533,204

2,546,768,137

Tangibles

502,615,402,371

495,191,544,710

454,033,926,380

Intangibles

135,081,895,943

118,699,621,863

83,698,307,547

Total Liabilities

991,362,021,829

875,515,368,327

806,713,590,926

Current Liabilities

466,914,981,708

401,787,577,593

463,466,890,876

Current Portion of Derivatives

2,701,356,711

8,612,593,939

726,046,741

Account Payables

180,724,329,921

154,166,082,401

157,533,929,124

Other Payables

54,929,458,744

84,192,471,301

71,231,175,190

Current Portion of Payables-Construction

59,080,272,982

30,389,658,036

32,591,526,149

Short-Term Borrowings

46,934,071,260

49,080,883,579

28,153,283,316

Current Portion of Long-Term Borrowings

63,717,051,506

53,701,989,028

138,031,331,167

Other Current Financial Debts

99,670,212

 

2,416,304

Accrued Income Tax

18,822,897,802

 

9,824,464,730

Current Provisions

4,854,367,512

4,700,733,894

3,587,884,785

Other Current Liabilities

35,051,505,058

16,943,165,415

21,784,833,370

Non-Current Liabilities

524,447,040,121

473,727,790,734

343,246,700,050

Derivatives

486,382,229

 

 

Long-Term Other Liabilities

3,048,000,000

2,970,762,500

2,899,869,000

Long-Term Borrowings

470,846,512,652

430,408,275,286

310,499,644,362

Provision for Severance & Retirement

29,469,784,150

18,280,670,527

13,479,183,794

Deferred Income Tax Credit

18,249,932,556

19,573,286,462

10,964,655,144

Other Non-Current Liabilities

2,346,428,534

2,494,795,959

5,403,347,750

Capital Stock

150,000,000,000

150,000,000,000

150,000,000,000

Capital Surplus

-25,542,012,816

-25,542,012,816

-25,542,012,816

Others

2,684,685,536

149,332,954

983,562,463

Profit Surplus

695,865,332,588

622,903,733,849

598,249,172,206

Total Equity

823,008,005,308

747,511,053,987

723,690,721,853

Liab. & Shareholder’s Equity

1,814,370,027,137

1,623,026,422,314

1,530,404,312,779

 

 

Income Statement

 

Unit : Korean Won

01/01/2012~09/30/2012

As of 12/31/2011

As of 12/31/2010

Sales

1,202,944,294,969

1,402,034,913,423

1,409,828,572,249

Cost of Sold Goods

939,685,967,901

1,113,466,385,500

1,101,329,549,847

Gross Profit

263,258,327,068

288,568,527,923

308,499,022,402

Selling & Admin. Expenses

138,067,400,925

177,127,457,509

155,879,263,849

Other Operating Income

30,556,367,851

29,355,260,645

41,286,180,166

Other Operating Expenses

23,372,956,559

29,590,894,653

30,873,671,908

Operating Income

132,374,337,435

111,205,436,406

163,032,266,811

Finance Income

3,299,502,601

3,614,648,455

3,003,745,429

Finance Expenses

20,900,833,414

27,849,968,733

21,743,096,985

Investment Profits

6,326,548 

 

 

Non-Operating Income

-130,745,454

-6,134,701,954

-2,103,363,524

Income Before Taxes

114,648,587,716

80,835,414,174

142,189,551,731

Income Taxes Expenses

24,671,075,709

22,007,785,084

26,143,407,688

Net Income

89,977,512,007

58,827,629,090

116,046,144,043

 

 

Cash Flows

 

Unit : Korean Won

01/01/2012~09/30/2012

As of 12/31/2011

As of 12/31/2010

Cash Flows from Operating

68,490,162,899

120,267,808,278

63,448,067,825

Net Income

89,977,512,007

58,827,629,090

116,046,144,043

Expenses

130,786,889,178

154,326,910,546

128,641,874,877

Profits

-26,206,724,785

-15,056,471,247

-25,527,150,751

Changes in Asset/ & Liability

-104,577,002,612

-29,221,661,960

-92,289,459,626

Exp. without Cash Outflow

3,713,924,533

2,911,643,203

1,854,991,869

Revenue without Cash Inflows

-25,204,435,422

-51,520,241,354

-65,278,332,587

Cash Flows from Investing

-81,116,206,049

-130,812,879,647

-185,747,634,294

-Cash Inflow from Investing

70,198,555,856

24,818,156,595

31,425,699,285

-Cash Outflows for Investing

-151,314,761,905

-155,631,036,242

-217,173,333,579

Cash Flows from Financing

28,817,410,803

20,074,910,596

168,240,541,506

-Cash Inflows from Financing

893,125,899,221

585,364,218,577

265,293,172,953

-Cash Outflows from Financing

-864,308,488,418

-565,289,307,981

-97,052,631,447

Increase/Decrease in Cash

16,191,367,653

9,529,839,227

45,940,975,037

Cash at the Beginning of Year

82,168,561,454

72,643,247,638

61,637,281,225

Cash at the End of Year

98,256,155,141

82,168,561,454

72,643,247,638

Cash Flows from Operating

68,490,162,899

120,267,808,278

63,448,067,825

Net Income

89,977,512,007

58,827,629,090

116,046,144,043

 

 

Products, Technologies, Services Description

 

Main Products & Services

POWER TRANSMISSION & DISTRIBUTION BUSINESS

- Electric Equipment

- Electric Systems

 

AUTOMATION & CONTROL BUSINESS

- Automation Equipment

- Production control system and traffic control system

 

INDUSTRIAL EQUIPMENT & MATERIAL BUSINESS

- Electric Power Tools

- Tube & Pipes

 

Brand Name :

-Master-K

-GLOFA SV-IG5/IS5

-M-P3000

-meta-MECEMPR

-MASCOM

 


Trade Partners & Competitors

 

Suppliers

LS GLOBAL INCORPORATED., LTD.(110111-3359985)

WONIL CO.,LTD.(110111-0434938)

RHODIA POLYAMIDE CO.,LTD.(110111-1643059)

HEESUNG METAL ,LTD.(120111-0003567)

POSCORE CO., LTD.(134811-0003343)

POSCO(174611-0000741)

TOSHIBA ELECTRONICS KOREA CORP.(110111-1650533)

KOREA TRONICS INC(176011-0008737)

Customers

YUHAN KIMBERLY LTD.

14TH FL., HAESEONG BLDG., 942, DAECHI 3-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-528-1855  FAX:+82-2-528-1086

 

SAMSUNG HEAVY INDUSTRIES CO., LTD.

35TH FL., SAMSUNG LIFE INSURANCE SEOCHO TOWER, 1321-15, SEOCHO 2-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-3458-7000  FAX:+82-2-3458-7100

 

SAMYANG CORPORATION

263, YEONJI-DONG, JONGNO-GU, SEOUL, KOREA

TEL:+82-2-740-7114  FAX:+82-2-743-7720

 

MITSUBISHI ELECTRIC CORP.-JAPAN

Competitors

ABB LTD.

AFFOLTERNSTRASSE 44 PO BOX 8131 ZURICH, 8050 SWITZERLAND

TEL:+41-43-3177111 FAX:+41-43-3174420

 

NISSIN ELECTRIC CO., LTD.

47, UMEZU-TAKASECHO, UKYO-KU KYOTO-SHI, KYT 615-8686 JAPAN

TEL:+81-75-8613151 FAX:+81-75-8720742

 

TAKAOKA ELECTRIC MFG. CO., LTD.

1-7-1 IRIFUNE CHOU-KU, TKY 104-0042 JAPAN

TEL:+81-3-42845700

 

 

Related Parties

 (Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates-Domestic

LS CORP.(110111-0003965)

LS CABLE LTD(134111-0168357)

LS MTRON LTD.(134111-0168349)

LS-NIKKO COPPER INC.(230111-0058436)

GAON CABLE CO., LTD(134111-0000567)

E1 CORPORATION(110111-0381387)

YESCO CO., LTD(110111-0290778)

LS NETWORKS CORPORATION LIMITED(180111-0044717)

POUNTEK LTD.(151111-0022867)

GLOBAL CABLE INC.(130111-0008797)

ALUTEK LTD.(110111-1479909)

JS CABLE CO., LTD(124311-0004327)

YESCO SERVICE CO., LTD(110111-1030082)

KOSPACE CO., LTD.(134411-0012243)

CARBONIX, INC(171711-0036242)

E&R INC.(164411-0005052)

DAEHAN GM CORPORATION(110111-0613045)

CASCO CO.,LTD(210111-0047938)

LS GLOBAL INCORPORATED., LTD.(110111-3359985)

LS ASSET MANAGEMENT CO., LTD.(110111-1896137)

E1 CONTAINER TERMINAL CO., LTD.(120111-0432039)

E1 LOGISTICS CORPORATION(124611-0257243)

KJ MOTORRAD(110111-3740499)

DONGBANG CITY GAS INDUSTRY CO., LTD.(141111-0011979)

GRM CO., LTD(154611-0008012)

OD CAMP CO., LTD.(110111-2839417)

DAESUNG ELECTRIC CO., LTD.(110111-01415590

DELTECH CO., LTD.(134911-0010809)

ACE R&A CO., LTD. (135111-0047493)

TORECOM CORPORATION(135011-0054119)

PLANET SYSTEM CO., LTD.(110111-1619745)

RECYTECHKOREA CO., LTD.(161511-0044861)

TRINNO TECH CO., LTD.(134111-0169397)

Affiliates-Overseas

LS KONGJO(SHANDONG) CO., LTD-CHINA

LS JEONRAM(MUSEOK) CO., LTD-CHINA

LS MACHINERY(MUSEOK) CO., LTD-CHINA

LS-VINA

LS CABLE MALAYSIA

LS CABLE(TENJIN) CO., LTD-CHINA

LS CABLE AMERICA INC

LS SANGMOO(SHANGHAI) CO., LTD-CHINA

LS CABLE VIETNAM CO. LTD.

LS ELECTRONIC-DEVICES QINGDAO CO. LTD.

LEADING SOLUTION CABLE INDIA PVT LTD.

LS CABLE UK LTD.

LS AGRICULTURAL EQUIPMENT(QINGDAO)CO.LTD

CYPRUS INVESTMENTS, INC.

SUPERIOR ESEEX INC.

LS INDUSTRIAL SYSTEMS(DAIRIAN) CO., LTD.-CHINA

LS VINA I.S

LS INDUSTRIAL SYSTEM ELECTRIC(SHANGHAI) CO., LTD-CHINA

LS INDUSTRIAL SYSTEMS(MUSEOK) CO., LTD.-CHINA

LS I.S(MIDDLE EAST) FZE

CASCO DALIAN

PT E1-PERTAGAS

Overseas Office

REPRESENTATIVE OFFICE IN HA NOI

B8- 4TH FLOOR.HORISON HOTEL 40A CAT LINH ST. HA NOI, VIETNAM

TEL: 844 733 7581  FAX: 844 733 7582

 

REPRESENTATIVE OFFICE IN HCM CITY

FOSCO BUILDING F12.2 PHUNG KHAC KHOAN, DIST. 1

TEL: 848 825 0247  FAX: 848 822 1310

Overseas service Networks

EAMAN TABLO, IRAN

NO.6 -14TH ALLEY- NILOOFAR ST. TEHRAN - IRAN

E-MAIL :INFO@EAMENTABLO.COM

TEL :98-21-8876-8001 FAX :98-21-8876-8655

 

ANT MUH. SAN. VE TIC. LTD. STI.

PERPA TICARET MERKEZI A BLOK KAT:2 NO: 2-3 OKMEYDANI-ISTANBUL

E-MAIL :INFO@ANTMUH.COM

TEL :+ 90 (212) 210 93 61 (PBX) FAX :+ 90 (212) 210 93 68

 

ANIRO, POLAND

UL. RYDYGIERA 33D, PL-87-100 TORUN, NIP 879-00-15-453

E-MAIL :ANDRZEJ_LIKSZA@ANIRO.COM.PL

TEL :056-657-63 63 FAX :056-645-0103

Overseas Branch

SHANGHAI TRADING CORPORATION, CHINA

(LS INDUSTRIAL SYSTEMS INTERNATIONAL TRADING(SHANGHAI) CO., LTD.)

ROOM E-G, 12TH FLOOR HUAMIN EMPIRE PLAZA, NO.726,WEST YAN'AN ROAD SHANGHAI 200050, P.R. CHINA

E-MAIL :HUANGXD@LSIS.COM.CN (ADMIN), HUANGXD@LSIS.COM.CN (ELECTRIC POWER), JINZX@LSIS.COM.CN (AUTOMATION)

TEL :86-21-5237-9977(609) (ADMIN), 86-21-5237-9977(101) (ELECTRIC POWER),86-21-5237-7183 (AUTOMATION)  FAX :86-21-5237-7191

 

WUXI BRANCH OFFICE, CHINA

(LS INDUSTRIAL SYSTEMS (WUXI) CO., LTD.)

102-A , NATIONAL HIGH & NEW TECH INDUSTRIAL DEVELOPMENT AREA, WUXI, JIANGSU,214028, P.R. CHINA

E-MAIL :LIXL@LSIS.COM.CN

TEL :86-510-534-6666(8007) FAX :86-0510-534-4099

 

DALIAN CORPORATION, CHINA

LS INDUSTRIAL SYSTEMS (DALIAN) CO., LTD.

NO. 15 LIAOHEXI 3 ROAD, ECONOMIC AND TECHNICAL DEVELOPMENT ZONE, DALIAN, CHINA

E-MAIL :LIXK@LSIS.COM.CN

TEL :86-411-8730-7561 FAX :86-21-5237-7191

 

TOKYO OFFICE IN JAPAN

(LS INDUSTRIAL SYSTEMS TOKYO REP OFFICE)

16F, HIGASHI-KAN, AKASAKA TWIN TOWER 17-22, 2-CHOME, AKASAKA, MINATO-KU TOKYO 107-8470, JAPAN

E-MAIL :DONGKINS@LSIS.BIZ

TEL :81-3-3582-9128  FAX :81-3-3582-0065

 

DUBAI BRANCH OFFICE, U.A.E.

(LS INDUSTRIAL SYSTEMS DUBAI REP OFFICE)

P.O. BOX 114216 API WORLD TOWER 303B, SHEIKHE JAYED ROAD, DUBAI, U.A.E.

E-MAIL :HWYIM@LSIS.BIZ

TEL :971-4-3328289  FAX :971-4-3329444

 

BEIJING BRANCH OFFICE, CHINA

(LS INDUSTRIAL SYSTEMS BEIJING OFFICE)

B-TOWER 17FL.BEIJING GLOBAL TRADE CENTER B/D. NO.36, EAST BEISANHUAN-ROAD, DONGCHENG-DISTRICT, BEIJING 100013, P.R. CHINA

E-MAIL :CUIXR@LSIS.COM.CN

TEL :86-10-5825-6027 FAX :86-10-5825-6028

Overseas Branch

SHANGHAI TRADING CORPORATION, CHINA

(LS INDUSTRIAL SYSTEMS INTERNATIONAL TRADING(SHANGHAI) CO., LTD.)

ROOM E-G, 12TH FLOOR HUAMIN EMPIRE PLAZA, NO.726,WEST YAN'AN ROAD SHANGHAI 200050, P.R. CHINA

E-MAIL :HUANGXD@LSIS.COM.CN (ADMIN), HUANGXD@LSIS.COM.CN (ELECTRIC POWER), JINZX@LSIS.COM.CN (AUTOMATION)

TEL :86-21-5237-9977(609) (ADMIN), 86-21-5237-9977(101) (ELECTRIC POWER),86-21-5237-7183 (AUTOMATION)  FAX :86-21-5237-7191

 

WUXI BRANCH OFFICE, CHINA

(LS INDUSTRIAL SYSTEMS (WUXI) CO., LTD.)

102-A , NATIONAL HIGH & NEW TECH INDUSTRIAL DEVELOPMENT AREA, WUXI, JIANGSU,214028, P.R. CHINA

E-MAIL :LIXL@LSIS.COM.CN

TEL :86-510-534-6666(8007) FAX :86-0510-534-4099

 

DALIAN CORPORATION, CHINA

LS INDUSTRIAL SYSTEMS (DALIAN) CO., LTD.

NO. 15 LIAOHEXI 3 ROAD, ECONOMIC AND TECHNICAL DEVELOPMENT ZONE, DALIAN, CHINA

E-MAIL :LIXK@LSIS.COM.CN

TEL :86-411-8730-7561 FAX :86-21-5237-7191

 

TOKYO OFFICE IN JAPAN

(LS INDUSTRIAL SYSTEMS TOKYO REP OFFICE)

16F, HIGASHI-KAN, AKASAKA TWIN TOWER 17-22, 2-CHOME, AKASAKA, MINATO-KU TOKYO 107-8470, JAPAN

E-MAIL :DONGKINS@LSIS.BIZ

TEL :81-3-3582-9128  FAX :81-3-3582-0065

 

DUBAI BRANCH OFFICE, U.A.E.

(LS INDUSTRIAL SYSTEMS DUBAI REP OFFICE)

P.O. BOX 114216 API WORLD TOWER 303B, SHEIKHE JAYED ROAD, DUBAI, U.A.E.

E-MAIL :HWYIM@LSIS.BIZ

TEL :971-4-3328289  FAX :971-4-3329444

 

BEIJING BRANCH OFFICE, CHINA

(LS INDUSTRIAL SYSTEMS BEIJING OFFICE)

B-TOWER 17FL.BEIJING GLOBAL TRADE CENTER B/D. NO.36, EAST BEISANHUAN-ROAD, DONGCHENG-DISTRICT, BEIJING 100013, P.R. CHINA

E-MAIL :CUIXR@LSIS.COM.CN

TEL :86-10-5825-6027 FAX :86-10-5825-6028

Overseas Branch

GUANGZHOU BRANCH OFFICE, CHINA

(LS INDUSTRIAL SYSTEMS GUANGZHOU OFFICE)

ROOM 1403, 14F, NEW POLY TOWER, 2 ZHONGSHAN LIU ROAD, GUANGZHOU, CHINA

E-MAIL :ZHANGCH@LSIS.COM.CN

TEL :86-20-8326-6754/6764/6774/6784/6794  FAX :86-20-8326-6287

 

CHENGDU BRANCH OFFICE, CHINA

12FLOOR, GUODONG BUIDING, NO52 JINDUN ROAD CHENGDU, 610041, P.R. CHINA

E-MAIL :HONGKONK@VIP.163.COM

TEL :86-28-8612-9151(9226) FAX :86-28-8612-9236

 

QINGDAO BRANCH OFFICE, CHINA

(LS INDUSTRIAL SYSTEMS QINGDAO OFFICE)

YINHE BLDG. 402 ROOM, NO.29, SHANDONG ROAD, QINGDAO-CITY, SHANDONG-PROVINCE, 266071, P.R. CHINA

E-MAIL :BELLKUK@HANMAIL.NET

TEL :86-532-8501-6568  FAX :86-532-8501-6057

 

SHANGHAI BRANCH OFFICE, CHINA

(LS INDUSTRIAL SYSTEMS SHANGHAI OFFICE)

ROOM E-G, 12TH FLOOR HUAMIN EMPIRE PLAZA, NO.726, WEST YAN'AN ROAD SHANGHAI 200050, P.R. CHINA

TEL :86-21-5237-7187  FAX :86-21-5237-7192

 

HANOI CORPORATION, VIETNAM

(LS VINA INDUSTRIAL SYSTEMS CO., LTD.)&(LS INDUSTRIAL SYSTEMS HANOI OFFICE)

LS INDUSTRIAL SYSTEMS VINA CONGTY CHE TAO MAY DIEN VIET-HUNG DONG ANH, HANOI, VIETNAM

ROOM C21, 5TH FLOOR, HORISON HOTEL, 40 CAT LINH, HANOI, VIETNAM

E-MAIL :SRJO@HH.VNN.VN

TEL :84-4-882-0222(LS-VINA), 84-4-736-6270/1(HANOI OFFICE)

FAX :84-4-882-0220(LS-VINA), 84-4-736-6269(HANOI OFFICE)

Joint Venture

DALIAN LS INDUSTRIAL SYSTEMS CO., LTD was established in Nov. 1995, which is a joint-ventured corporation invested by Dalian Wanda Group and Korea LG Group. The total investment of the company is 1,200 ten thousand dollars and the company covers an area of 20,000 square meters. There are more than 200 staff in the company, among whom more than 50 are engineers and technicians.

E -mail : lgisd@lgisd.com

TEL : 0411-7318210 FAX: 0411-7307560

Subsidiary

LG-VINA INDUSTRIAL SYSTEMS CO., LTD.

 

LS INDUSTRIAL SYSTEMS(MUSEOK) CO., LTD.-CHINA

(100.0% held by the subject company)

 

LS INDUSTRIAL SYSTEMS(DAIRIAN) CO., LTD.-CHINA

(100.0% held by the subject company)

 

LS INDUSTRIAL SYSTEM ELECTRIC(SHANGHAI) CO., LTD-CHINA

(100.0% held by the subject company)

 

LS VINA I.S

(55.0% held by the subject company)

NGUYEN KHE, DONG ANH, HA NOI

TEL: +84 4 882 0222/3/4  FAX: +84 4 882 0220

 

LS I.S(MIDDLE EAST) FZE

(100.0% held by the subject company)

Cooperative Enterprise

-Insured Company

LIG INSURANCE CO., LTD.(110111-0017859)

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in China, Japan, USA and Europe.

 

 

Court Action

 

Case No.

Court

Plaintiff(s)/ Creditor(s)/ Applicant(s)

Defendant(s)/ Debtor(s)/ Respondent(s)

Cause

Amount (Million KRW)

Status

 

 

Korea Police Agency

The Subject Company

Claim for Compensation from Damages

15,297

1st round is proceeding

 

Administrative Court

The Subject Company

Seochun-Gun Office

Cancellation on Imposed Administrative Order

40

1st round is proceeding

 

Administrative Court

The Subject Company

KOREA ELECTRIC POWER CORPORATION(114671-0001456)

Cancellation on Imposed Administrative Order

20

1st round is proceeding

 

-

The Subject Company

SH Corporation(Korea)

Request on increasing compensated amount

200

1st round is proceeding

 

-

The Subject Company

Individuals

Receivables

835

1st round is proceeding

 

 

News Clipping

 

--


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.57.73

UK Pound

1

Rs.90.61

Euro

1

Rs.76.96

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.