|
Report Date : |
25.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SK NETWORKS CO., LTD. |
|
|
|
|
Registered Office : |
104-28, Yeonghwa-dong, Jangan-gu, Suwon-si, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
24.03.1956 |
|
|
|
|
Com. Reg. No.: |
124-81-00718 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Wholesale of Non-Specialized Goods like Fabrics, Chemicals, Steel, System Related Total Solutions, Clothing, Cellular Telephone |
|
|
|
|
No. of Employees : |
3,877 |
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 : |
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 |
|
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
|
Company
Name |
SK NETWORKS CO., LTD. (Korean Company Name : “SK네트웍스(주)”) |
|
Registered Address |
104-28, Yeonghwa-dong, Jangan-gu,
Suwon-si, Gyeonggi-do, Korea |
|
Zip Code |
440-816 |
|
Tel |
+82-2-2221-2114 |
|
Fax |
+82-2-2221-0080 |
|
E-mail |
webmaster@sknetworks.co.kr;jskim08@sknetworks.co.kr;
sechan@sknetworks.co.kr;jonghun724@sknetworks.co.kr |
|
Website |
www.sknetworks.co.kr |
|
Trading Address |
104-28, Yeonghwa-dong, Jangan-gu,
Suwon-si, Gyeonggi-do, Korea |
|
Tel |
+82-2-2221-2114 |
|
Fax |
+82-2-2221-0080 |
|
Euljiro HQ Office |
198, Euljiro 2(i)-ga, Jung-gu, Seoul,
Korea |
|
Tel |
+82-70-7800-2114 |
|
Fax |
+82-2-754-9414 |
|
Myungdong HQ Office |
199-15, Euljiro 2(i)-ga, Jung-gu, Seoul,
Korea |
|
Tel |
+82-70-7800-2114 |
|
Fax |
+82-2-754-9414 |
|
Other Address-Duty Free Shop |
San 21, Gwangjang-dong,
Gwangjin-gu, Seoul, Korea |
|
Tel |
+82-2-450-6363 |
|
Fax |
+82-2-450-6349 |
|
Other Address-Metropolitan Branch |
4th Floor, Hong-in Building, 1579-9,
Seocho, 3-dong, Seocho-gu, Seoul, Korea |
|
Tel |
+82-70-7800-0035 |
|
Fax |
+82-2-2101-1919 |
|
Other Address-Dongbu Branch |
8th Floor, Thrunet Building, 1423-1,
Oncheon 3-dong, Dongrae-gu, Busan, Korea |
|
Tel |
+82-70-7800-8814 |
|
Fax |
+82-51-502-2053 |
|
Other Address-Seobu Branch |
7th Floor, Hanaro Telecom Building, 562-8, Gyerim 1-dong, Dong-gu,
Gwangju, Korea |
|
Tel |
+82-70-7800-6801 |
|
Fax |
+82-62-233-6609 |
|
Other Address-Jungbu Branch |
5th Floor, Cheongsa Plaza, 924, Dunsan-dong, Seo-gu, Daejeon, Korea |
|
Tel |
+82-70-7800-5802 |
|
Fax |
+82-42-472-6842 |
|
Other Address-Busan Branch |
Songpa Building, 1063-1, Beomcheon-dong, Jin-gu, Busan, Korea |
|
Tel |
+82-51-818-6000 |
|
Fax |
+82-51-816-8901 |
|
Other Address-Daegu Branch |
51, Dongin 2-ga, Jung-gu, Daegu, Korea |
|
Tel |
+82-53-251-8000 |
|
Fax |
+82-53-424-9972 |
|
Other Address-Jungbu Branch |
2nd Floor, SK Telecom Dunsan Building,
594, Tanbang-dong, Seo-gu, Daejeon, Korea |
|
Tel |
+82-42-610-0100 |
|
Fax |
+82-42-488-7018 |
|
Other Address-Seobu Branch |
2nd Floor, Daeyoung Building, 1178-2, Chipyeong-dong, Seo-gu, Gwangju,
Korea |
|
Tel |
+82-62-380-0100 |
|
Fax |
+82-62-383-3648 |
|
Other Address-Daejeon Sales Office |
2nd Floor, SK Telecom Dunsan Building, 594, Tanbang-dong, Seo-gu,
Daejeon, Korea |
|
Tel |
+82-42-610-0180 |
|
Fax |
+82-42-488-6645 |
|
Other Address-Daegu Sales Office |
51, Dongin 2-ga, Jung-gu, Daegu, Korea |
|
Tel |
+82-53-425-4526 |
|
Fax |
+82-53-424-9972 |
|
Other Address-Busan Sales Office |
2nd Floor, Songpa Building, 1063-1, Beomcheon-dong,
Jin-gu, Busan, Korea |
|
Tel |
+82-51-807-3112 |
|
Fax |
+82-51-818-8033 |
|
Other Address-Fashion Business Division |
The Korea Chamber of Commerce &
Industry Bldg., 3FL., 45, Namdaemunro 4-ga, Jung-gu, Seoul, Korea |
|
Tel |
+82-70-7800-4564 |
|
Fax |
+82-2-3789-4292 |
|
Other Address-S-Movilion Business Division |
45, Namdaemunro 4-ga, Jung-gu, Seoul, Korea |
|
Tel |
+82-2-530-7900 |
|
Fax |
+82-2-530-7929 |
|
Other Address-S-Welheim Business Division |
45, Namdaemunro 4-ga, Jung-gu, Seoul, Korea |
|
Tel |
+82-70-7800-2143 |
|
Fax |
+82-2-776-5957 |
|
Type |
Export/Import |
|
Industry |
Wholesale of Non-Specialized Goods |
|
Main Business |
Fabrics, Chemicals, Steel, System Related Total Solutions, Clothing,
Cellular Telephone |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
03/24/1956 |
The Subject owns
the premises of the registered HQ address.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Petroleum and distillates(15101500) |
|
Sell |
Clothing(53100000) |
|
Sell |
Corporate uniforms(53102710) |
|
Sell |
Fuels and Fuel Additives and Lubricants and Anti corrosive
Materials(15000000) |
|
Sell |
System administrators(81111800) |
|
Sell |
Information Technology Broadcasting and Telecommunications(43000000) |
|
Sell |
Digital video disk players or recorders(52161516) |
|
Sell |
Vehicle maintenance and repair services(78180100) |
|
Sell |
Mobile communications services(83111600) |
|
Sell |
World wide web WWW site operation host services(81112105) |
|
Sell |
School uniforms(53102705) |
|
Sell |
Structural materials and basic shapes(30100000) |
|
Sell |
Fabrics and leather materials(11160000) |
|
Sell |
Plywood(11121609) |
|
Name |
Moon Duck-Kyu |
|
Address |
- |
|
Date of Birth |
04/1952 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
648,653,775,000 |
|||||||||||||||||||||
|
Employees |
3,877 |
|||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange :
001740) as of 06/30/1977 A Company of SK Group |
|||||||||||||||||||||
|
Bank Details |
Hana Bank |
|||||||||||||||||||||
|
Corporate Registered No. |
130111-0005199 |
|||||||||||||||||||||
|
Business Registered No. |
124-81-00718 |
|||||||||||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 670904 |
|||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||
|
Company History |
03/24/1956
SK Global(Sunkyong Limited) established 11/30/1966
Presidential Award received (for increasing exports by US$1,835,000) 01/01/1976
Acquired Sunil Textile Corporation 11/22/1976
Designated as a general trading company 11/30/1976
Awarded for earning U$100 million in exports 06/30/1977
Listed on the Korean Stocks Exchange 11/28/1980
SK Corporation(formerly known as Yukong Limited) is acquired 12/22/1981 Awarded for earning U$500 million in exports 10/1989
Participated in the Oil Exploration Project in Myanmmar 10/1991
Started participation in Guyana Forest Development Project 10/09/1996
Established first Chinese Korean joint venture trading company in China 04/22/1997
Concluded contract on Cambodia Forest Development Project 07/01/1998
Changed company name to SK company 12/31/1999
SK Distribution merged with 07/31/2000
SK Energy Sales merged with 07/31/2000
Changed company name to SK Global 03/19/2003 Started the management by the
Creditors of Financial Institutes 09/19/2003
Changed company name to SK Networks Co., Ltd. 10/27/2003 Signed the agreement on the
execution of the Plan for strengthening operation 05/01/2005 Sold the equity share of SK
Life Insurance 04/17/2007 Finished the Management
Procedure by the Creditors of Financial Institutes 01/29/2008 The Subject decided to acquire
OBZEE CO., LTD.(110111-1048960) as of 03/31/2008 05/01/2005 Sold the equity share of SK
Life Insurance 04/17/2007 Finished the Management
Procedure by the Creditors of Financial Institutes 05/2007 Moved to the present HQ address
from 4, Pyeong-dong ,Gwonseon-gu ,Suwon-si, Gyeonggi-do, Korea and the
offices at 4, Pyeong-dong ,Gwonseon-gu ,Suwon-si, Gyeonggi-do, Korea has been
closed. 01/29/2008 The Subject decided to acquire
OBZEE CO., LTD.(110111-1048960) as of 03/31/2008 09/23/2009 The Subject acquired WALKERHILL INC.(110111-0142854) |
|
Job Description |
Title |
Name |
Sex |
Nationality |
Date of Birth |
|
Chairman |
Mr. |
Choy Jae-Won |
Male |
Korean |
1963.05. 16 |
|
President & CEO |
Mr. |
Moon Duck-Kyu |
Male |
Korean |
1952.04. |
|
Director |
Mr. |
Kim Joon |
Male |
Korean |
1961.07 |
|
Outside Director |
Mr. |
Yoon Nam-Keun |
Male |
Korean |
1956. 05. 21 |
|
Outside Director |
Mr. |
Song Ha-Joong |
Male |
Korean |
1952.12. |
|
Outside Director |
Mr. |
Kim Sung-Min |
Male |
Korean |
1954.07. |
|
Outside Director |
Mr. |
Chang Byung-Joo |
Male |
Korean |
1945. 09. 18 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
5,970,107,959,773 |
9,868,731,899,285 |
-128,918,444,343 |
|
|
(*)2012 |
25,511,199,448,837 |
9,822,542,561,050 |
-85,791,826,303 |
|
(*)2011 |
26,224,418,959,648 |
10,266,831,121,466 |
138,054,125,450 |
|
(*)2010 |
23,523,724,352,491 |
9,160,781,740,016 |
152,885,200,394 |
|
2009 |
21,190,407,487,003 |
7,710,385,127,209 |
50,484,259,385 |
|
2008 |
21,897,444,114,737 |
7,982,489,469,620 |
92,575,278,890 |
|
2007 |
17,686,274,023,495 |
6,264,010,494,308 |
590,557,005,160 |
|
2006 |
15,784,019,148,561 |
5,832,208,519,481 |
473,936,092,951 |
|
2005 |
14,879,511,552,609 |
5,228,066,986,700 |
456,078,604,780 |
|
2004 |
13,613,718,718,390 |
4,408,265,423,877 |
460,628,881,668 |
|
2003 |
21,190,407,487,003 |
7,710,385,127,209 |
50,484,259,385 |
(*)Figures are based
on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
7,500,000,000,000 |
|
Paid-Up Capital(KRW) |
648,653,775,000 |
|
Total Issues Shares |
248,301,295 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
01/01/2013~03/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Total Assets |
9,868,731,899,285 |
9,822,542,561,050 |
10,266,831,121,466 |
|
Current Assets |
4,439,147,428,765 |
4,315,426,906,655 |
4,512,502,631,175 |
|
Cash & Cash Equivalents |
1,141,271,823,809 |
989,911,318,640 |
1,096,352,766,227 |
|
Current Financial Instruments |
10,700,000,000 |
1,500,000,000 |
1,500,000,000 |
|
Other Current Financial Instruments |
|
|
4,835,000 |
|
Trade Receivables |
1,587,234,371,877 |
1,808,155,001,601 |
2,091,315,211,240 |
|
Derivatives |
6,314,866,794 |
28,513,393,822 |
|
|
Other Finance Assets |
197,092,584,307 |
254,493,017,095 |
155,758,500,202 |
|
Other Current Assets |
81,066,299,638 |
58,967,976,149 |
55,448,436,518 |
|
Inventories |
1,415,467,482,340 |
1,157,080,046,348 |
1,097,442,297,225 |
|
Assets to be Sold |
|
16,806,153,000 |
14,680,584,763 |
|
Non-Current Assets |
5,429,584,470,520 |
5,507,115,654,395 |
5,754,328,490,291 |
|
Long-Term Finance Instruments |
1,045,771,129 |
1,045,769,121 |
1,045,768,761 |
|
Marketable Financial Instruments |
226,259,358,733 |
182,761,186,395 |
205,533,490,345 |
|
Investment_Subsidiaries |
1,542,730,132,706 |
1,714,592,364,931 |
1,879,875,760,183 |
|
Derivatives |
177,957,625 |
|
5,999,941,274 |
|
Other Finance Assets |
304,510,165,593 |
246,046,007,745 |
243,961,453,721 |
|
Tangibles |
3,241,610,736,714 |
3,243,597,422,220 |
3,262,427,907,304 |
|
Intangibles |
71,307,833,701 |
73,860,267,350 |
80,118,796,874 |
|
Investment_Real Estates |
32,270,975,702 |
35,520,402,886 |
70,070,652,336 |
|
Other Non-Current Assets |
9,671,538,617 |
9,692,233,747 |
5,294,719,493 |
|
Total Liabilities |
7,028,887,028,761 |
6,815,472,285,429 |
7,136,787,074,013 |
|
Current Liabilities |
5,395,199,783,169 |
5,081,509,128,614 |
5,071,110,100,639 |
|
Trade Payables |
3,398,918,645,861 |
3,100,332,792,277 |
3,368,062,731,792 |
|
Borrowings & Debentures |
1,647,093,313,478 |
1,552,873,025,059 |
1,403,986,329,812 |
|
Derivatives |
40,897,851,327 |
88,419,120,254 |
|
|
Other Financial Debts |
185,423,849,440 |
219,463,331,245 |
202,998,471,935 |
|
Accrued Income Tax |
46,593,776,919 |
35,576,743,130 |
9,022,627,825 |
|
Other Current Debts |
76,272,346,144 |
84,844,116,649 |
87,039,939,275 |
|
Non-Current Liabilities |
1,633,687,245,592 |
1,733,963,156,815 |
2,065,676,973,374 |
|
Borrowings & Debentures |
1,307,346,007,823 |
1,402,994,192,142 |
1,693,010,621,794 |
|
Derivatives |
2,834,692,019 |
8,803,867,282 |
4,359,570,127 |
|
Other Financial Debts |
75,371,724,862 |
75,378,033,861 |
100,934,304,118 |
|
Deferred Income Tax Credit |
215,139,774,244 |
219,053,930,393 |
239,802,240,564 |
|
Confirmed Salaries |
21,258,634,367 |
16,056,061,515 |
16,364,015,564 |
|
Provisions |
9,840,982,746 |
9,861,338,324 |
9,070,560,864 |
|
Other Non-Current Debts |
1,895,429,531 |
1,815,733,298 |
2,135,660,343 |
|
Capital Stock |
648,653,775,000 |
648,653,775,000 |
648,653,775,000 |
|
Capital Surplus |
847,431,994,810 |
847,431,994,810 |
847,431,885,687 |
|
Profit Surplus |
1,348,131,983,942 |
1,516,289,914,815 |
1,643,455,069,427 |
|
Others |
-4,372,883,228 |
-5,305,409,004 |
-9,496,682,661 |
|
Total Equity |
2,839,844,870,524 |
3,007,070,275,621 |
3,130,044,047,453 |
|
Liab. & Shareholder’s Equity |
9,868,731,899,285 |
9,822,542,561,050 |
10,266,831,121,466 |
Income
Statement
|
|||
|
Unit : Korean Won |
01/01/2013~03/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Sales |
5,970,107,959,773 |
25,511,199,448,837 |
26,224,418,959,648 |
|
Cost of Sold Goods |
5,586,575,294,544 |
23,710,453,097,103 |
24,502,458,284,175 |
|
Gross Profit |
383,532,665,229 |
1,800,746,351,734 |
1,721,960,675,473 |
|
Selling & Admin. Expenses |
348,736,514,694 |
1,509,302,063,684 |
1,388,083,395,029 |
|
Operating Income |
34,796,150,535 |
291,444,288,050 |
333,877,280,444 |
|
Other Income |
9,555,943,348 |
130,402,436,466 |
103,108,256,920 |
|
Other Expenses |
147,857,713,175 |
349,255,612,790 |
110,572,623,298 |
|
Finance Income |
145,708,929,183 |
410,835,561,239 |
354,054,874,707 |
|
Finance Expenses |
163,164,566,098 |
527,608,693,588 |
475,302,859,859 |
|
Income Before Taxes |
-120,961,256,207 |
-44,182,020,623 |
205,164,928,914 |
|
Income Taxes Expenses |
7,957,188,136 |
41,609,805,680 |
67,110,803,464 |
|
Net Income |
-128,918,444,343 |
-85,791,826,303 |
138,054,125,450 |
Cash
Flows
|
|||
|
Unit : Korean Won |
01/01/2013~03/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Operating
Activities Cash Flows |
188,659,397,070 |
30,732,597,270 |
166,777,021,819 |
|
Net Income |
-128,918,444,343 |
-85,791,826,303 |
138,054,125,450 |
|
Adjustment |
182,987,257,374 |
449,781,522,072 |
291,070,138,127 |
|
Changes in Asset/ & Liability |
146,956,469,488 |
-210,408,391,014 |
-142,011,379,204 |
|
Interests Received |
4,181,216,626 |
27,175,015,946 |
32,134,259,986 |
|
Interests Paid |
-16,036,602,691 |
-119,611,011,551 |
-120,933,438,543 |
|
Dividends Received |
5,736,761 |
4,397,080,641 |
7,771,901,338 |
|
Income Taxes |
-516,236,145 |
-34,809,792,521 |
-39,308,585,335 |
|
Cash Flows from Investing |
2,404,719,655 |
590,705,655 |
-325,682,838,837 |
|
Cash Flows from Financing |
-39,703,611,556 |
-137,764,750,512 |
415,414,533,509 |
|
Increase/Decrease in Cash |
151,360,505,169 |
-106,441,447,587 |
256,773,806,908 |
|
Cash at the Beginning of Year |
989,911,318,640 |
1,096,352,766,227 |
839,578,959,319 |
|
Cash at the End of Year |
1,141,271,823,809 |
989,911,318,640 |
1,096,352,766,227 |
|
Main Products & Services |
IM(Information Communication
Technology Marketing) E&C(Energy & Car) T&I(Trading & Investment) PM(Prestige Marketing) Brand Name : OK-mart, Skopi, OK-Cashbag, Tommy Hilfiger, DKNY, Daimler
Chrysler, Jaguar/Land Rover, Infiniti, Speedmate |
|
Main Products & Services |
INFORMATION & TELECOMMUNICATION COMPANY NETWORK BUSINESS DIVISIONAL GROUP Continuous Sales Growth of Existing Network
Business & Building Base for New Business (e-Government, Public Data,
VoIP, etc.) On the basis of one of the most stable QoS (Quality of Service)
in the country, Network Business Divisional Group provides “TONETZ”, a
telecommunication line rental service for corporate clients, and “TONETZ
i-fone”, an internet telephony service. Also selected as the operator for
e-Government and public data network projects, the Divisional Group is
providing high-quality telecommunications services for schools, government
agencies and other major institutions. It hopes to build on these efforts to
become the top dedicated line operator in Korea. INFORMATION & TELECOMMUNICATION
DISTRIBUTION BUSINESS DIVISIONAL GROUP 2nd Largest Telecommunications Business in
SK Networks: Providing Integrated ICT Services Information &
Telecommunication Distribution Business Divisional Group is expanding its
business spectrum, centering on domestic mobile devices such as mobile phones
and PDAs and encompassing service businesses such as rental, roaming,
after-sales service, exporting used mobile phones, and solution businesses
including IT system equipment distribution as well as Ufit, Pullbbang.com, OK
Coufun services that make use of wired & wireless platforms. In addition,
the Divisional Group has launched a mobile phone distribution business in
China, opening the first store in Shenyang in October 2006. Having grown to
include sixty mobile phone stores in China by 2007, the business will serve
as a solid foundation for SK Networks to secure the core four logistics hubs
and sales networks, in order to join the ranks of the top five distributors
by 2011. |
|
Main Products & Services |
GLOBAL BUSINESS & PRESTIGE LIFESTYLE
BUSINESS COMPANY GLOBAL BUSINESS DIVISIONAL GROUP A Total Solutions Provider that Satisfies
Customers With its information power to respond swiftly to market changes and
its competitive logistics capacity, Global Business Divisional Group is
engaging in trading through a network of more than twenty countries across
the world, mainly on energy, chemicals, and steel. The Divisional Group is
aiming to become a globally localized trader, focusing on local distribution
in foreign markets such as China, and at the same time maintaining a stable
and continuous growth rate by carrying out new businesses, for example
developing strategic products, expanding strategic markets and developing
natural resources. PRESTIGE LIFESTYLE BUSINESS DIVISIONAL
GROUP Creating Rich Customer Value through
Customer-oriented Prestige Marketing Established in March 2004 to reinforce
customer service, Prestige Lifestyle Business Divisional Group is creating
new value that satisfies customers’ needs with services including fashion,
imported cars, housing products and wine funds. The fashion business has
secured top imported brands that reflect diverse lifestyles and is also
developing global fashion brands that continue to be popular over the years.
As of 2007, the imported car business offers a portfolio of four brands including
Chrysler, and is bringing innovation to the market with reasonable prices and
differentiated services by directly importing premium auto brands such as
Benz. Furthermore, the new-concept housing development business that puts
customers first, and the wine fund business that provides a special way of
enjoying high-quality wines are offering customers options to enhance their
quality of life. ENERGY MARKETING COMPANY ENERGY MARKETING DIVISIONAL GROUP Top Network-based Marketing Business Unit that
Creates New Customer Value As a leader in the domestic petroleum
product sales market, Energy Marketing Company continues to strengthen its
competitiveness by consistently improving its service and quality, as well as
conducting differentiated and unique marketing methods. It is expanding its
Car-Life business to become a total service provider for automobiles, and is
pursing diversification of the distribution business by exploring new
business models. The Divisional Group is also aiming to achieve greater
globalization through a full-scale business in the Chinese market, such as
the launching of Speedmate in Shanghai and an integrated petrol station
business focusing on the three Northeastern provinces. |
|
Suppliers |
SK ENERGY CO., LTD.(110111-3710385) |
|
Competitors |
-INFO & TELECOMMUNICATION KT POWER COM DREAM LINE DACOM SKN HANARO -ENERGY GS-CALTEX CORPORATION(110111-0078819) S-OIL CORPORATION(110111-0189955) HYUNDAI OIL REFINERY CO., LTD.(110111-0090558) -INT’L TRADING LG INTERNATIONAL CORPORATION 12TH FL., LG TWIN TOWER EAST ANNEX, 20, YEOUIDO-DONG, YEONGDEUNGPO-GU,
SEOUL, KOREA TEL:+82-2-3773-5114 FAX:+82-2-3773-5273 INDUSTRY: WHOLESALE OF NON-SPECIALIZED GOODS HYUNDAI
CORPORATION HUNGKUK LIFE INSURANCE BD 226, SINMUNNO
1-GA, JONGNO-GU, SEOUL 110-786 KOREA TEL:+82-2-390-1114 FAX:+82-2-390-1101 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS DAEWOO
INTERNATIONAL CORPORATION DAEWOO CENTER BLDG., 541, NAMDAEMUNNO 5-GA,
JUNG-GU, SEOUL 100-714 KOREA TEL:+82-2-759-2114 FAX:+82-2-753-9489 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS HYOSUNG
CORPORATION HYOSUNG BLDG., 450, GONGDEOK 2-DONG,
MAPO-GU, SEOUL 121-720 KOREA TEL:+82-2-707-7000 FAX:+82-2-707-0130 INDUSTRY: MAN-MADE FIBERS SPINNING SAMSUNG
CORPORATION 310, TAEPYEONGNO 2-GA, JUNG-GU, SEOUL
100-865 KOREA TEL:+82-2-2145-2114 FAX:+82-2-2145-3114 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS SSANGYONG
CORPORATION SSANGYONG BLDG., 24-1, JEODONG 2-GA,
JUNG-GU, SEOUL 100-748 KOREA TEL:+82-2-2270-8114 FAX:+82-2-2270-8334 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS |
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates-Domestic |
SK HOLDINGS CO.,
LTD.(110111-0022816) SK TELECOM CO.,
LTD.( 110111-0371346) PAXNET, INC.(110111-1698830) IHQ,
INC.(110111-0042393) SK TELINK,
CORP.(110111-1533599) AIRCROSS CO.,
LTD.(110111-2121765) TU MEDIA
CORPORATION(110111-2907826) SK COMMUNICATIONS
CO., LTD.(110111-1322885) COMMERCE PLANET
CO., LTD.(110111-1416133) F&U CREDIT
INFORMATION CO., LTD.(135311-0003300) SK WYVERNS CO.,
LTD(120111-0217366) SK TELESYS CO.,
LTD.(110111-1405897) LOEN
ENTERTAINMENT, INC.(134111-0010706) INFOSEC CO.,
LTD(110111-2007858) ENCAR NETWORKS
LTD.(110111-2125270) INDEPENDENCE CO.,
LTD.(110111-2010116) SKC MEDIA CO.,
LTD.(161511-0076377) IFILM
CORPORATION(110111-2857451) SK BROADBAND CO.,
LTD.(110111-1466659) CU MEDIA.
INC.(110111-2031477) NTREEV SOFT CO.,
LTD.(110111-2906456) SK I-MEDIA CO.,
LTD.(110111-3505851) NURI SOLUTION
CO., LTD.(110111-1866213) HANAROMEDIA
INC.(110111-3292664) HANARO DREAM
INCORPORATED(110111-2183343) BROADBAND D&M
CO., LTD.(110111-1509269) NOWON JOEUN
TELECOM CO., LTD.(110111-3655218) MIRACLE
INFORMATION & TELECOMMUNICATION CO., LTD.(120111-0433491) QC I&T CO.,
LTD.(110111-3675381) QL KWANAK CO.,
LTD.(110111-3826140) QL DONGJAK CO.,
LTD.(110111-3729740) QL SEOCHO CO.,
LTD.(110111-3729807) QL YONGSAN CO.,
LTD.(110111-3761023) QL YANGCHEON CO.,
LTD.(110111-3729609) SK NETWORKS CO.,
LTD.(130111-0005199) SK ENGINEERING
& CONSTRUCTION CO., LTD.(110111-0038805) SK SHIPPING CO.,
LTD.(110111-0311392) SK C&C CO.,
LTD.(110111-0769583) (15.0% held by the subject company) INNOACE CO.,
LTD(110111-2104026) (43.0% held by the subject company) IPLATFORM,
INC(110111-3638917) (66.67% held by the subject company) |
|
Affiliates-Domestic |
SK D&D CO.,
LTD.(110111-3001685) OK CASHBAG
SERVICE CO., LTD.(110111-1873432) SK NETWORKS
SERVICE CO., LTD.(135811-0141788) SK MARKETING
& COMPANY CO., LTD.(110111-3874066) BROADBAND TS CO.,
LTD.(281111-0119401) BROADBAND CS CO.,
LTD.(110111-1592595) BROADBAND SEOUL
CS CO., LTD.(110111-3558842) BROADBAND BUSAN
CS CO., LTD.(180111-0573774) BROADBAND
GYEONGGI CS CO., LTD.(134111-0147575) BROADBAND GWANGJU
CS CO., LTD.(200111-0233050) ANTS CO., LTD.(151111-0031058) ULLEUNG DEEP SEA
WATER CO., LTD(110111-3224724) SOLMICS CO.,
LTD.(134711-0014631) UB CARE CO.,
LTD.(110111-1105364) MECHARONICS CO.,
LTD.(120111-0233338) ULLEUNG MINERAL
CO., LTD.(110111-2602244) REAL BEST CO.,
LTD. MRO KOREA CO.,
LTD(110111-2016940) (51.0% held by the subject company) WS TRADING CO.,
LTD.(110111-3448712) (100.0% held by the subject company) SK SECURITIES
CO., LTD(110111-0037112) (22.71% held by the subject company) |
|
Affiliates-Overseas |
KIWI STEEL N.Z. LTD. SK NETWORKS AMERICA, INC. SK NETWORKS DEUTSCHLAND GMBH SK NETWORKS AUSTRALIA PTY. LTD. SK STEEL AUSTRALIA PTY. LTD. SK NETWORKS (SHANGHAI) TRADING CO., LTD. SK NETWORKS (GUANGZHOU) TRADING CO., LTD. SK(DONGGUAN) STEEL CO., LTD SK(ZHANGJIAGANG) METAL PRODUCTS CO.,LTD POSK STEEL(PINGHU) PROCESSING CENTER
CO.,LTD SK NETWORKS PS(SHANTOU)CO., LTD NINGBO SK ZHENBANG CHEMICAL. LTD DAIYANG - SK NETWORKS METAL SANAYI VE
TICARET LTD SK NETWORKS MIDDLE EAST FZE PT SK NETWORKS (INDONESIA) SHENYANG SK NETWORKS ENERGY CO., LTD SHANGHAI LAUNCH-SK AUTOMOBILE SERVICE CO.,
LTD SK NETWORKS (SHANGHAI) MARKETING CO., LTD SK NETWORKS(CHINA)HOLDINGS CO., LTD DANDONG SK NETWORKS REAL ESTATE CO., LTD SHENYANG SK NETWORKS BUS TERMINAL CO., LTD DANDONG SK NETWORKS ENERGY CO., LTD DANDONG SK NETWORKS LOGISTICS CO., LTD SHENYANG SK
NETWORKS ELECTRONICS &TELECOMMUNICATIONS CO., LTD SK NETWORKS
(SHANGHAI) ELECTRONICS &TELECOMMUNICATIONS MARKETING CO., LTD BEIJING SK
NETWORKS ELECTRONICS & TELECOMMUNICATIONS CO., LTD SHANDONG SK
NETWORKS ELECTRONICS &TELECOMMUNICATIONS CO., LTD SK NETWORKS HONG KONG SK NETWORKS MEXICO S.A DE C.V SKYNETWORKS LCC. MIRAE COMPANY LIMITED RICHARD CHAI LLC. OBZEE N.Y |
|
Overseas Office |
SK NETWORKS CO., LTD. QINGDAO BRANCH ROOM 1403, HISENSE TOWER 17 DONGHAI XI
ROAD, QINGDAO , CHINA TEL : 86-(532)-387-4331, 4333, 7054, 7187,
4440 FAX : 86-(532)-387-4555 SK NETWORKS CO., LTD. GUANGZHOU BRANCH ROOM 1706, OFFICE TOWER , CITIC PLAZA, NO.233
TIANHE ROAD NORTH , TIANHE DISTRICT, GUANGZHOU , CHINA (510613) TEL : 86-(20)-3891-2445 FAX :
86-(20)-8732-0869 SK NETWORKS CO., LTD. WUHAN BRANCH ROOM 705, WUHAN INT'L TRADE COMMERCIAL
CENTRE, NO.297 XINHUA BACK ROAD , WUHAN , CHINA (430022) TEL : 86-(27)-8577-5840, 5842, 5847
86-(27)-8572-4634, 4644 / FAX : 86-(27)-8577-5851 SK NETWORKS CO., LTD. CHENGDU OFFICE 24 THFL. CHUANZIN MANSION ,
18 SEC.2 RENMIN SOUTH ROAD , CHENGDU , CHINA (610016) TEL : 86-(28)-6199-755~9 FAX :
86-(28)-6200-155 SK NETWORKS CO., LTD. DALIAN OFFICE 18TH FLOOR, SENMAO BLDG. 147 ZHONG SHAN ROAD
XIIGANG DISTRICT, DALIAN , CHINA (116011) TEL : 86-(411)-8360-9393 FAX :
86-(411)-8369-3924 SK GLOBAL HONG KONG LTD. TAIPEI BRANCH 5TH FLOOR ROOM A-1 NO.287 NAN-KING EAST
ROAD, SEC.3, TAIPEI, TAIWAN, R.O.C. TEL : 886-(2)-2718-3949 FAX :
886-(2)-2514-0377, 0294 SK NETWORKS CO., LTD. HARBIN OFFICE 4TH FI., SONGLEIL GROUP BLDG.
160 ZHONGSHAN ST. , DONGLI DIST. HARBIN , CHINA (150040) TEL : 86-(451)-264-8505 FAX :
86-(451)-246-8492 SK NETWORKS CO., LTD. SHANGHAI BRANCH ROOM NO.2310, INTERNATIONAL TRADE CENTER,
2201, YAN AN ROAD (W), SHANGHAI, CHINA TEL : 86-(21)-6295-0088 / FAX :
86-(21)-6295-0033/55 SK NETWORKS (CHINA) HOLDINGS CO., LTD. SK NETWORKS PS
(SHANTOU) CO., LTD SHENYANG SK NETWORKS ENERGY CO., LTD 18/F BLOCKA PRESIDENT BUILDING, NO.69HEPING
NORTH STREET, HEPING DISTRICT, SHENYANG CITY, LIAONING PROVINCE, CHINA TEL : 86-(24)-2281-4330 / FAX :
86-(24)-2281-4334,4340,4350 |
|
Subsidiary |
SK NETWORKS PS (SHANTOU) CO., LTD. (100.00% held by the subject company) POSK (PINGHU) STEEL PROCESSING CENTER CO.,
LTD. (80.00% held by the subject company) SK (ZHANGJIAGANG) METAL PRODUCSTS CO., LTD. (100.00% held by the subject company) SK NETWORKS RESOURCES AUSTRALIA PTY., LTD. (100.00% held by the subject company) DAIYANG SK NETWORKS SAN. VE TIC.LTD.ST (51.00% held by the subject company) |
|
Cooperative Enterprise |
Tommy Hilfiger Licensing, Inc. |
(Activity &
Markets)
|
Sales/ Unit :Mil KRW |
09/2011 |
2010 |
2009 |
|
Export |
2,426,089 |
2,045,324 |
2,814,825 |
|
Domestic |
17,649,251 |
15,784,216 |
21,346,639 |
|
Total |
20,075,340 |
17,829,540 |
24,161,464 |
The Subject exports
to China, Vietnam, Hong Kong, Taiwan, Japan, Philippines, USA, Thailand, UAE,
Saudi Arabia, Belgium, Italy and New Zealand..
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
2012NU9019 |
Seoul High Court |
The Subject Company |
Fair Trade Commission |
Cancellation on Imposed Penalty |
1,000,000,000 |
Proceeding |
|
2011GAHAP37051 |
Seoul Central District Court |
The Subject Company |
Ko Chung-Hwan & Others(2) |
Claim for Compensation from
damages |
1,080,547,727 |
Proceeding |
|
2011DA104062 |
Supreme Court |
The Subject Company |
Commissioner of Gangnam-Gu Office |
Claim for Transferring equipment |
359,095,058 |
3rd round is proceeding. |
|
2008NU9159 |
Seoul High Court |
The Subject Company &
Others(2) |
Fair Trade Commission |
Cancellation on Imposed Order |
900,000,000 |
2nd Round Proceeding |
|
2007DU26513 |
Supreme Court |
The Subject Company |
Commissioner of Suwon Tax Office |
Cancellation on Imposed VAT |
1,859,565,240 |
3rd Round Proceeding |
|
2007 DU 18093 |
Supreme Court |
The Subject Company |
President of Suwon Tax Office |
Cancellation on Imposed VAT |
107,795,740 |
3rd Round Proceeding |
|
2007Kuhap8912 |
Suwon District Court |
The Subject Company |
Commissioner of Suwon Tax Office |
Cancellation on Imposed VAT |
14,997,519,191 |
1st Round Proceeding |
|
2007NA117681 |
Seoul High Court |
Kim Jong-Soo |
The Subject Company |
Claim for Compensation from
damages |
147,666,600 |
2nd Round Proceeding |
|
2008Kahap20662 |
Suwon District Court |
T&G |
The Subject Company |
Claim for Attorney’s Fee |
737,203,879 |
1st Round Proceeding |
|
2007 Kahap 7671 |
Seoul Central District Court |
Kim Jong-Soo |
The Subject Company |
Claim for damages |
147,666,600 |
Proceeding |
|
2007 Kahap 4166 |
Seoul Nambu District Court |
SG Wicars |
The Subject Company |
Refund on illegal profits |
26,436,167,852 |
Proceeding |
|
2006 Kaso 82825 |
Seoul Central District Court |
Han Cheong-Hee and others(3) |
The Subject Company |
Claim for damages |
12,288,000 |
Proceeding |
|
2006 Kahap 47023 |
Seoul Central District Court |
Park Byung-Joo and others(3) |
The Subject Company |
Refund on guarantee deposits |
186,966,666 |
Proceeding |
|
2006 Kuhap 8380 |
Suwon District Court |
The Subject Company |
Suwon Tax Office |
Cancellation on VAT |
619,855,080 |
Proceeding |
|
2006 Kahap 98380 |
Seoul Central District Court |
SG Wicars |
The Subject Company |
Confirmation on not existing
liabilities |
1,649,232,599 |
Proceeding |
|
2006 Kahap 23353 |
Suwon District Court |
Dongmung Special Construction |
The Subject Company |
Unacceptable on dividends |
216,007,000 |
Proceeding |
|
2006 Kahap 4687 |
Goyang Branch Court |
The Subject Company |
Won Young-Man |
Claim for Trade Receivables |
186,000,000 |
Proceeding |
--
FOREIGN EXCHANGE RATE
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.73 |
|
|
1 |
Rs.91.82 |
|
Euro |
1 |
Rs.78.23 |
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.