MIRA
INFORM REPORT
|
Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
WOOJIN PLAIMM CO LTD |
|
|
|
|
Formerly Known as: |
Woojin Selex Co., Ltd |
|
|
|
|
Registered Office : |
673-3, Gyeongseo-Dong, Seo-Gu, Incheon, 404170 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
03.01.1992 |
|
|
|
|
Legal Form : |
Public Parent Company |
|
|
|
|
Line of Business : |
manufacturer of plastic injection molding machines |
|
|
|
|
No. of Employees : |
449 |
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 & address
Woojin Plaimm Co Ltd
673-3, Gyeongseo-Dong, Seo-Gu
Incheon, 404170
Korea, Republic of
Tel: 82-32-5753500
Fax: 82-32-5797705
Web: www.woojinplaimm.com
Synthesis
Employees: 449
Company Type: Public Parent
Corporate Family: 2
Companies
Traded: Korea
Stock Exchange: 049800
Incorporation Date:
03-Jan-1992
Auditor: Cheonji Accounting Corp.
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2012
Reporting Currency: South
Korean Won
Annual Sales: 139.6
1
Net Income: 6.1
Business Description
WOOJIN PLAIMM CO.,
LTD., formerly Woojin Selex Co., Ltd., is a Korea-based company mainly engaged
in the manufacture of plastic injection molding machines. The Company
principally provides injection molding machines for plastic moldings under the
brand name SELEX. The Company also provides industrial robots and screws for
molding processes, as well as injection molding educations. The Company
distributes its products within domestic market and to overseas markets,
including Malaysia, Philippines, Thailand, Indonesia, Vietnam, India, Poland,
Brazil and others. On June 5, 2013, the Company established a new wholly owned
subsidiary in Korea, engaged in the construction business. For the fiscal year
ended 31 December 2012, Woojin Plaimm Co Ltd revenues increased 5% to W157.25B.
Net income decreased 26% to W6.91B. Revenues reflect Other Foreign segment
increase of 66% to W43.77B. Net income was offset by Salaries & Wages
increase of 30% to W8.71B (expense), Export Expense increase of 68% to W2.8B
(expense). Basic Earnings per Share excluding Extraordinary Items decreased
from W978.98 to W694.23.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2469 - Other
Specialised Machinery and Equipment Manufacturing
NACE 2002: 2924 - Manufacture
of other general purpose machinery not elsewhere classified
NAICS 2002: 33322 - Plastics
and Rubber Industry Machinery Manufacturing
UK SIC 2003: 2924 - Manufacture
of other general purpose machinery not elsewhere classified
UK SIC 2007: 2829 - Manufacture
of other general-purpose machinery n.e.c.
US SIC 1987: 3559 - Special
Industry Machinery, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Yik Hwan Kim |
Chief Executive Officer, Director |
|
Dong Sik Jung |
Internal Auditor |
|
Heon Tae Yim |
Internal Auditor |
|
Sin Seong Kim |
Vice President, Director |
|
Sang Gwan Lee |
Vice President, Director |
Significant Developments
|
* number of significant developments within the last 12 months
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
673-3, Gyeongseo-Dong, Seo-Gu
Incheon, 404170
Korea, Republic of
Tel: 82-32-5753500
Fax: 82-32-5797705
Web: www.woojinplaimm.com
Quote Symbol - Exchange
049800 - Korea Stock
Exchange
Sales KRW(mil): 157,252.0
Assets KRW(mil): 180,500.8
Employees: 449
Fiscal Year End: 31-Dec-2012
Industry: Miscellaneous
Capital Goods
Incorporation Date: 03-Jan-1992
Company Type: Public
Parent
Quoted Status: Quoted
Previous Name: Woojin
Selex Co Ltd
Chief Executive
Officer, Director:
Yik Hwan Kim
Industry Codes
ANZSIC 2006 Codes:
2469 - Other Specialised Machinery and Equipment Manufacturing
2292 - Nut, Bolt, Screw and Rivet Manufacturing
8101 - Technical and Vocational Education and Training
NACE 2002 Codes:
2924 - Manufacture of other general purpose machinery not
elsewhere classified
2874 - Manufacture of fasteners, screw machine products, chains
and springs
8042 - Adult and other education not elsewhere classified
NAICS 2002 Codes:
33322 - Plastics and Rubber Industry Machinery Manufacturing
332722 - Bolt, Nut, Screw, Rivet, and Washer Manufacturing
611420 - Computer Training
US SIC 1987:
3559 - Special Industry Machinery, Not Elsewhere Classified
3452 - Bolts, Nuts, Screws, Rivets, and Washers
8243 - Data Processing Schools
UK SIC 2003:
2924 - Manufacture of other general purpose machinery not
elsewhere classified
8042 - Adult and other education not elsewhere classified
2874 - Manufacture of fasteners, screw machine products, chains
and springs
UK SIC 2007:
2829 - Manufacture of other general-purpose machinery n.e.c.
2594 - Manufacture of fasteners and screw machine products
8559 - Other education n.e.c.
Business Description
WOOJIN PLAIMM CO.,
LTD., formerly Woojin Selex Co., Ltd., is a Korea-based company mainly engaged
in the manufacture of plastic injection molding machines. The Company
principally provides injection molding machines for plastic moldings under the
brand name SELEX. The Company also provides industrial robots and screws for
molding processes, as well as injection molding educations. The Company
distributes its products within domestic market and to overseas markets,
including Malaysia, Philippines, Thailand, Indonesia, Vietnam, India, Poland,
Brazil and others. On June 5, 2013, the Company established a new wholly owned
subsidiary in Korea, engaged in the construction business. For the fiscal year
ended 31 December 2012, Woojin Plaimm Co Ltd revenues increased 5% to W157.25B.
Net income decreased 26% to W6.91B. Revenues reflect Other Foreign segment
increase of 66% to W43.77B. Net income was offset by Salaries & Wages
increase of 30% to W8.71B (expense), Export Expense increase of 68% to W2.8B
(expense). Basic Earnings per Share excluding Extraordinary Items decreased
from W978.98 to W694.23.
More Business
Descriptions
· Manufacture of plastic injection molding machinery
Plastic Injection Molding
Machine Mfr
Other Industrial
Machinery Manufacturing
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Corporate Family |
Corporate
Structure News |
|
|
Woojin
Plaimm Co Ltd |
|
Woojin Plaimm Co Ltd |
|
|
|
|
|
Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Woojin Plaimm Co Ltd |
Parent |
Incheon |
Korea, Republic of |
Miscellaneous Capital Goods |
139.6 |
449 |
|
|
WOOJIN SELEX (AMERICA), INC |
Subsidiary |
Brea, CA |
United States |
Scientific and Technical Instruments |
4.6 |
3 |
|
executive report
|
Board of
Directors |
|
|
|
|
|||||||||
|
Chief Executive Officer, Director |
Director/Board Member |
|
|||||||||
|
||||||||||||
|
Vice President, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Non-Executive Independent Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Vice President, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Executives |
|
|
|
|
|||||||||
|
Chief Executive Officer, Director |
Chief Executive Officer |
|
|||||||||
|
||||||||||||
|
Internal Auditor |
Accounting Executive |
|
|
||||||||
|
||||||||||||
|
Internal Auditor |
Accounting Executive |
|
|
||||||||
|
||||||||||||
Significant Developments
WOOJIN PLAIMM Co., Ltd. to Establish New Subsidiary Jun 04, 2013
WOOJIN PLAIMM Co., Ltd. announced that it will establish a new wholly owned subsidiary in Korea for the construction of a new workplace in Chungcheongbuk-do. The new entity, to be capitalized at KRW 500 million, will be mainly engaged in the construction business. The expected transaction settlement date is June 5, 2013.
WOOJIN PLAIMM Co., Ltd. to Acquire Land Nov 14, 2012
WOOJIN PLAIMM Co., Ltd. announced that it will acquire land measuring 233,061 square meters, located in Chungcheongbuk-do, for KRW 20,586,278,130 from Korea Rural Community & Agriculture Corporation, to relocate work place. The expected transaction settlement date is March 31, 2014.
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 |
Restated 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 |
Cheonji
Accounting Corp. |
Cheonji
Accounting Corp. |
Mirae Accounting
Corp. |
Mirae Accounting
Corp. |
Mirae Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
137.8 |
134.6 |
100.0 |
60.2 |
54.4 |
|
Revenue |
137.8 |
134.6 |
100.0 |
60.2 |
54.4 |
|
Other Revenue |
1.8 |
1.2 |
0.9 |
0.4 |
0.4 |
|
Other Revenue, Total |
1.8 |
1.2 |
0.9 |
0.4 |
0.4 |
|
Total Revenue |
139.6 |
135.7 |
100.9 |
60.6 |
54.9 |
|
|
|
|
|
|
|
|
Cost of Revenue |
106.1 |
103.1 |
77.4 |
49.2 |
45.0 |
|
Cost of Revenue, Total |
106.1 |
103.1 |
77.4 |
49.2 |
45.0 |
|
Gross Profit |
31.7 |
31.4 |
22.6 |
11.0 |
9.5 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
11.1 |
9.5 |
7.3 |
4.2 |
4.9 |
|
Labor & Related Expense |
10.3 |
8.1 |
6.1 |
3.8 |
4.8 |
|
Advertising Expense |
1.2 |
0.9 |
0.6 |
0.4 |
0.4 |
|
Total Selling/General/Administrative Expenses |
22.6 |
18.5 |
14.0 |
8.4 |
10.2 |
|
Research & Development |
1.8 |
1.3 |
1.1 |
0.6 |
0.8 |
|
Depreciation |
0.5 |
0.5 |
0.4 |
0.4 |
0.6 |
|
Amortization of Intangibles |
0.2 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Depreciation/Amortization |
0.6 |
0.5 |
0.4 |
0.4 |
0.6 |
|
Investment Income -
Operating |
- |
- |
0.3 |
- |
- |
|
Interest/Investment Income - Operating |
- |
- |
0.3 |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
- |
- |
0.3 |
- |
- |
|
Loss (Gain) on Sale of Assets - Operating |
- |
- |
0.0 |
- |
- |
|
Unusual Expense (Income) |
- |
- |
0.0 |
- |
- |
|
Other Operating Expense |
- |
- |
0.1 |
- |
- |
|
Other, Net |
- |
- |
-0.8 |
- |
- |
|
Other Operating Expenses, Total |
- |
- |
-0.7 |
- |
- |
|
Total Operating Expense |
131.1 |
123.4 |
92.7 |
58.6 |
56.5 |
|
|
|
|
|
|
|
|
Operating Income |
8.4 |
12.3 |
8.3 |
2.0 |
-1.7 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-1.8 |
-1.9 |
-1.7 |
-1.6 |
-2.7 |
|
Interest Expense, Net Non-Operating |
-1.8 |
-1.9 |
-1.7 |
-1.6 |
-2.7 |
|
Interest Income -
Non-Operating |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Investment Income -
Non-Operating |
0.0 |
-0.4 |
- |
0.2 |
-3.2 |
|
Interest/Investment Income - Non-Operating |
0.0 |
-0.4 |
0.0 |
0.2 |
-3.2 |
|
Interest Income (Expense) - Net Non-Operating Total |
-1.7 |
-2.3 |
-1.7 |
-1.4 |
-5.8 |
|
Gain (Loss) on Sale of Assets |
-0.2 |
-0.4 |
- |
0.0 |
-0.1 |
|
Other Non-Operating Income (Expense) |
1.0 |
0.8 |
- |
0.3 |
0.3 |
|
Other, Net |
1.0 |
0.8 |
- |
0.3 |
0.3 |
|
Income Before Tax |
7.5 |
10.5 |
6.6 |
0.9 |
-7.3 |
|
|
|
|
|
|
|
|
Total Income Tax |
1.4 |
2.0 |
0.8 |
0.1 |
-1.7 |
|
Income After Tax |
6.1 |
8.5 |
5.8 |
0.8 |
-5.6 |
|
|
|
|
|
|
|
|
Minority Interest |
0.0 |
- |
- |
- |
- |
|
Net Income Before Extraord Items |
6.1 |
8.5 |
5.8 |
0.8 |
-5.6 |
|
Net Income |
6.1 |
8.5 |
5.8 |
0.8 |
-5.6 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
6.1 |
8.5 |
5.8 |
0.8 |
-5.6 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
6.1 |
8.5 |
5.8 |
0.8 |
-5.6 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
9.9 |
9.6 |
9.6 |
9.6 |
9.6 |
|
Basic EPS Excl Extraord Items |
0.62 |
0.88 |
0.60 |
0.08 |
-0.58 |
|
Basic/Primary EPS Incl Extraord Items |
0.62 |
0.88 |
0.60 |
0.08 |
-0.58 |
|
Dilution Adjustment |
0.0 |
0.0 |
- |
- |
0.0 |
|
Diluted Net Income |
6.1 |
8.5 |
5.8 |
0.8 |
-5.6 |
|
Diluted Weighted Average Shares |
9.9 |
9.6 |
9.6 |
9.6 |
9.6 |
|
Diluted EPS Excl Extraord Items |
0.62 |
0.88 |
0.60 |
0.08 |
-0.58 |
|
Diluted EPS Incl Extraord Items |
0.62 |
0.88 |
0.60 |
0.08 |
-0.58 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
1.8 |
1.9 |
1.7 |
1.6 |
2.7 |
|
Depreciation, Supplemental |
3.4 |
3.0 |
2.1 |
1.8 |
2.2 |
|
Total Special Items |
0.2 |
0.4 |
0.0 |
0.0 |
0.1 |
|
Normalized Income Before Tax |
7.7 |
10.9 |
6.6 |
0.9 |
-7.2 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Inc Tax Ex Impact of Sp Items |
1.4 |
2.1 |
0.8 |
0.1 |
-1.7 |
|
Normalized Income After Tax |
6.3 |
8.8 |
5.8 |
0.8 |
-5.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
6.3 |
8.8 |
5.8 |
0.8 |
-5.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.63 |
0.92 |
0.60 |
0.08 |
-0.58 |
|
Diluted Normalized EPS |
0.63 |
0.92 |
0.60 |
0.08 |
-0.58 |
|
Amort of Intangibles, Supplemental |
0.2 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Rental Expenses |
0.5 |
0.4 |
0.4 |
0.2 |
0.3 |
|
Advertising Expense, Supplemental |
1.2 |
0.9 |
0.6 |
0.4 |
0.4 |
|
Research & Development Exp, Supplemental |
1.8 |
1.3 |
1.1 |
0.6 |
0.8 |
|
Normalized EBIT |
8.4 |
12.3 |
8.6 |
2.0 |
-1.7 |
|
Normalized EBITDA |
12.0 |
15.4 |
10.8 |
3.8 |
0.5 |
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 |
Reclassified
Normal |
Restated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1066.400024 |
1152 |
1134.9 |
1164.475 |
1259.55 |
|
Auditor |
Cheonji
Accounting Corp. |
Cheonji
Accounting Corp. |
Mirae Accounting
Corp. |
Mirae Accounting
Corp. |
Mirae Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
2.1 |
3.5 |
4.9 |
2.7 |
0.9 |
|
Short Term Investments |
- |
- |
0.1 |
0.2 |
0.3 |
|
Cash and Short Term Investments |
2.1 |
3.5 |
5.0 |
2.9 |
1.2 |
|
Accounts Receivable -
Trade, Gross |
43.8 |
35.0 |
33.9 |
23.7 |
15.8 |
|
Provision for Doubtful
Accounts |
-0.1 |
-0.3 |
-0.5 |
-0.5 |
-0.5 |
|
Trade Accounts Receivable - Net |
43.6 |
34.7 |
33.4 |
23.2 |
15.3 |
|
Other Receivables |
2.8 |
5.4 |
3.3 |
1.1 |
0.4 |
|
Total Receivables, Net |
46.4 |
40.1 |
36.7 |
24.3 |
15.7 |
|
Inventories - Finished Goods |
8.1 |
6.3 |
3.3 |
2.5 |
7.9 |
|
Inventories - Work In Progress |
7.8 |
6.1 |
5.8 |
4.2 |
2.9 |
|
Inventories - Raw Materials |
19.1 |
13.3 |
11.7 |
6.3 |
7.5 |
|
Inventories - Other |
0.5 |
0.7 |
0.7 |
0.3 |
0.0 |
|
Total Inventory |
35.4 |
26.3 |
21.6 |
13.3 |
18.3 |
|
Prepaid Expenses |
0.9 |
0.4 |
0.3 |
0.1 |
0.2 |
|
Deferred Income Tax - Current Asset |
- |
- |
- |
0.2 |
0.5 |
|
Other Current Assets, Total |
- |
- |
- |
0.2 |
0.5 |
|
Total Current Assets |
84.8 |
70.3 |
63.6 |
40.8 |
35.8 |
|
|
|
|
|
|
|
|
Buildings |
26.1 |
21.5 |
19.0 |
15.3 |
14.4 |
|
Land/Improvements |
44.8 |
40.9 |
41.4 |
40.9 |
37.8 |
|
Machinery/Equipment |
26.3 |
21.4 |
18.7 |
14.2 |
13.2 |
|
Construction in
Progress |
2.3 |
1.2 |
- |
1.7 |
1.1 |
|
Other
Property/Plant/Equipment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Property/Plant/Equipment - Gross |
99.5 |
85.1 |
79.1 |
72.1 |
66.6 |
|
Accumulated Depreciation |
-18.2 |
-14.5 |
-10.3 |
-11.3 |
-9.0 |
|
Property/Plant/Equipment - Net |
81.3 |
70.6 |
68.8 |
60.8 |
57.6 |
|
Intangibles, Net |
2.0 |
1.5 |
1.4 |
0.7 |
0.1 |
|
LT Investment - Affiliate Companies |
0.3 |
0.3 |
- |
- |
- |
|
LT Investments - Other |
0.5 |
0.5 |
0.5 |
0.4 |
0.3 |
|
Long Term Investments |
0.8 |
0.8 |
0.5 |
0.4 |
0.3 |
|
Note Receivable - Long Term |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Other Long Term Assets |
0.3 |
0.3 |
0.3 |
0.4 |
0.4 |
|
Other Long Term Assets, Total |
0.3 |
0.3 |
0.3 |
0.4 |
0.4 |
|
Total Assets |
169.3 |
143.4 |
134.5 |
103.1 |
94.4 |
|
|
|
|
|
|
|
|
Accounts Payable |
28.6 |
22.9 |
21.8 |
11.7 |
6.8 |
|
Accrued Expenses |
2.7 |
2.1 |
1.3 |
1.3 |
0.8 |
|
Notes Payable/Short Term Debt |
24.5 |
23.2 |
24.5 |
18.5 |
20.2 |
|
Current Portion - Long Term Debt/Capital Leases |
8.2 |
4.3 |
4.0 |
3.7 |
3.1 |
|
Customer Advances |
4.9 |
6.1 |
5.8 |
1.6 |
1.0 |
|
Income Taxes Payable |
0.6 |
1.1 |
0.3 |
- |
0.1 |
|
Other Payables |
3.7 |
3.1 |
3.1 |
1.7 |
0.9 |
|
Other Current Liabilities |
0.3 |
0.2 |
0.2 |
0.1 |
0.1 |
|
Other Current liabilities, Total |
9.4 |
10.6 |
9.5 |
3.4 |
2.1 |
|
Total Current Liabilities |
73.3 |
63.0 |
61.1 |
38.7 |
33.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
14.8 |
13.2 |
14.8 |
13.9 |
14.6 |
|
Total Long Term Debt |
14.8 |
13.2 |
14.8 |
13.9 |
14.6 |
|
Total Debt |
47.5 |
40.6 |
43.4 |
36.2 |
38.0 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
7.0 |
6.5 |
6.1 |
5.4 |
5.2 |
|
Deferred Income Tax |
7.0 |
6.5 |
6.1 |
5.4 |
5.2 |
|
Minority Interest |
0.0 |
- |
- |
- |
- |
|
Pension Benefits - Underfunded |
2.5 |
1.7 |
1.3 |
1.1 |
1.1 |
|
Other Long Term Liabilities |
0.3 |
0.1 |
0.1 |
0.1 |
- |
|
Other Liabilities, Total |
2.7 |
1.9 |
1.4 |
1.2 |
1.1 |
|
Total Liabilities |
97.9 |
84.6 |
83.4 |
59.2 |
54.0 |
|
|
|
|
|
|
|
|
Common Stock |
4.7 |
4.3 |
4.4 |
4.3 |
4.0 |
|
Common Stock |
4.7 |
4.3 |
4.4 |
4.3 |
4.0 |
|
Additional Paid-In Capital |
9.9 |
9.2 |
9.4 |
9.2 |
8.5 |
|
Retained Earnings (Accumulated Deficit) |
52.7 |
43.0 |
35.7 |
8.1 |
6.7 |
|
Treasury Stock - Common |
- |
-0.7 |
-0.7 |
-0.6 |
-0.6 |
|
Unrealized Gain (Loss) |
- |
- |
- |
20.8 |
19.2 |
|
Translation Adjustment |
2.5 |
2.9 |
2.3 |
2.1 |
2.7 |
|
Other Equity |
1.6 |
0.1 |
- |
- |
- |
|
Other Equity, Total |
4.0 |
2.9 |
2.3 |
2.1 |
2.7 |
|
Total Equity |
71.4 |
58.9 |
51.1 |
43.9 |
40.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
169.3 |
143.4 |
134.5 |
103.1 |
94.4 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
9.6 |
9.6 |
9.6 |
9.6 |
9.6 |
|
Total Common Shares Outstanding |
9.6 |
9.6 |
9.6 |
9.6 |
9.6 |
|
Treasury Shares - Common Stock Primary Issue |
0.4 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Employees |
449 |
348 |
260 |
236 |
206 |
|
Number of Common Shareholders |
- |
- |
3,103 |
1,169 |
1,388 |
|
Accumulated Intangible Amort, Suppl. |
1.1 |
0.8 |
0.6 |
- |
0.0 |
|
Deferred Revenue - Current |
4.9 |
6.1 |
5.8 |
1.6 |
1.0 |
|
Total Long Term Debt, Supplemental |
23.0 |
- |
- |
17.6 |
17.2 |
|
Long Term Debt Maturing within 1 Year |
8.2 |
- |
- |
3.7 |
3.1 |
|
Long Term Debt Maturing in Year 2 |
6.1 |
- |
- |
3.8 |
3.1 |
|
Long Term Debt Maturing in Year 3 |
3.1 |
- |
- |
4.1 |
2.9 |
|
Long Term Debt Maturing in Year 4 |
2.9 |
- |
- |
4.1 |
3.2 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
- |
1.3 |
3.2 |
|
Long Term Debt Maturing in 2-3 Years |
9.2 |
- |
- |
7.9 |
6.0 |
|
Long Term Debt Maturing in 4-5 Years |
2.9 |
- |
- |
5.4 |
6.4 |
|
Long Term Debt Matur. in Year 6 & Beyond |
2.7 |
- |
- |
0.7 |
1.6 |
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 |
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 |
Cheonji
Accounting Corp. |
Cheonji
Accounting Corp. |
Mirae Accounting
Corp. |
Mirae Accounting
Corp. |
Mirae Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
6.1 |
8.5 |
5.8 |
0.8 |
-5.6 |
|
Depreciation |
3.4 |
3.0 |
2.1 |
1.8 |
2.2 |
|
Depreciation/Depletion |
3.4 |
3.0 |
2.1 |
1.8 |
2.2 |
|
Amortization of Intangibles |
0.2 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Amortization |
0.2 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Deferred Taxes |
- |
- |
- |
0.1 |
-1.9 |
|
Unusual Items |
0.0 |
0.0 |
-0.1 |
-0.2 |
2.5 |
|
Equity in Net Earnings (Loss) |
0.1 |
0.0 |
- |
- |
- |
|
Other Non-Cash Items |
4.7 |
5.1 |
3.4 |
0.6 |
0.8 |
|
Non-Cash Items |
4.8 |
5.1 |
3.3 |
0.4 |
3.3 |
|
Accounts Receivable |
-5.8 |
-4.3 |
-5.8 |
-6.2 |
11.0 |
|
Inventories |
-6.8 |
-5.3 |
-7.3 |
5.8 |
-0.8 |
|
Prepaid Expenses |
-0.6 |
-0.1 |
-0.1 |
0.1 |
0.1 |
|
Other Assets |
0.1 |
0.0 |
0.1 |
- |
- |
|
Accounts Payable |
6.3 |
1.6 |
9.4 |
3.9 |
-6.7 |
|
Accrued Expenses |
0.0 |
0.8 |
0.0 |
0.4 |
-0.3 |
|
Taxes Payable |
0.0 |
- |
- |
-0.1 |
0.2 |
|
Other Liabilities |
-1.3 |
-1.2 |
2.1 |
0.1 |
0.0 |
|
Other Assets & Liabilities, Net |
- |
- |
- |
-1.5 |
- |
|
Other Operating Cash Flow |
-3.6 |
-2.4 |
-2.0 |
- |
- |
|
Changes in Working Capital |
-11.7 |
-10.8 |
-3.7 |
2.4 |
3.5 |
|
Cash from Operating Activities |
2.7 |
5.8 |
7.5 |
5.4 |
1.5 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-10.4 |
-6.4 |
-7.6 |
-1.0 |
-1.2 |
|
Purchase/Acquisition of Intangibles |
-0.6 |
-0.5 |
-0.1 |
-0.5 |
-0.2 |
|
Capital Expenditures |
-11.0 |
-6.9 |
-7.7 |
-1.6 |
-1.4 |
|
Acquisition of Business |
0.0 |
- |
- |
- |
- |
|
Sale of Fixed Assets |
0.4 |
0.2 |
0.2 |
0.1 |
0.0 |
|
Sale/Maturity of Investment |
0.1 |
0.1 |
0.2 |
0.1 |
1.0 |
|
Purchase of Investments |
-0.1 |
-0.4 |
-0.2 |
-0.1 |
-0.6 |
|
Sale of Intangible Assets |
- |
0.0 |
- |
- |
0.5 |
|
Other Investing Cash Flow |
0.1 |
2.0 |
1.1 |
0.0 |
0.1 |
|
Other Investing Cash Flow Items, Total |
0.5 |
2.0 |
1.3 |
0.2 |
1.0 |
|
Cash from Investing Activities |
-10.5 |
-4.9 |
-6.5 |
-1.4 |
-0.4 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-1.0 |
-9.5 |
-3.7 |
-0.9 |
-3.1 |
|
Financing Cash Flow Items |
-1.0 |
-9.5 |
-3.7 |
-0.9 |
-3.1 |
|
Sale/Issuance of
Common |
2.1 |
- |
- |
- |
- |
|
Common Stock, Net |
2.1 |
- |
- |
- |
- |
|
Issuance (Retirement) of Stock, Net |
2.1 |
- |
- |
- |
- |
|
Short Term Debt Issued |
0.5 |
- |
0.2 |
2.8 |
24.2 |
|
Short Term Debt
Reduction |
-0.3 |
-1.2 |
0.0 |
-4.3 |
-21.9 |
|
Short Term Debt, Net |
0.2 |
-1.2 |
0.2 |
-1.5 |
2.4 |
|
Long Term Debt Issued |
4.8 |
8.4 |
4.5 |
- |
- |
|
Long Term Debt
Reduction |
- |
- |
- |
- |
0.0 |
|
Long Term Debt, Net |
4.8 |
8.4 |
4.5 |
- |
0.0 |
|
Issuance (Retirement) of Debt, Net |
5.0 |
7.2 |
4.7 |
-1.5 |
2.4 |
|
Cash from Financing Activities |
6.1 |
-2.3 |
0.9 |
-2.4 |
-0.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.0 |
0.0 |
0.0 |
0.2 |
|
Net Change in Cash |
-1.6 |
-1.4 |
2.0 |
1.6 |
0.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
3.6 |
5.0 |
2.8 |
0.9 |
0.5 |
|
Net Cash - Ending Balance |
2.0 |
3.6 |
4.8 |
2.5 |
1.0 |
|
Cash Interest Paid |
1.8 |
1.9 |
1.8 |
- |
- |
|
Cash Taxes Paid |
1.8 |
0.6 |
0.2 |
- |
- |
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 |
Restated 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 |
Cheonji
Accounting Corp. |
Cheonji
Accounting Corp. |
Mirae Accounting
Corp. |
Mirae Accounting
Corp. |
Mirae Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Finished Products |
123.3 |
125.4 |
93.1 |
53.2 |
42.0 |
|
Sales Revenue of Merchandises |
8.7 |
6.3 |
4.3 |
5.2 |
9.8 |
|
Parts Revenue |
5.8 |
2.8 |
2.6 |
1.8 |
2.6 |
|
Other Revenue |
1.8 |
0.4 |
0.9 |
0.4 |
0.4 |
|
Adj. for Revenue |
- |
0.8 |
0.0 |
- |
- |
|
Total Revenue |
139.6 |
135.7 |
100.9 |
60.6 |
54.9 |
|
|
|
|
|
|
|
|
Cost of Finished Goods Sold |
96.5 |
95.6 |
- |
43.5 |
35.1 |
|
Cost of Merchandises Sold |
4.1 |
4.4 |
- |
4.3 |
7.9 |
|
Cost-Parts |
5.5 |
3.2 |
- |
1.3 |
2.0 |
|
Salaries & Wages |
7.7 |
6.1 |
4.8 |
3.0 |
3.7 |
|
Retirement & Severance Benefits |
1.0 |
0.7 |
0.4 |
0.1 |
0.4 |
|
Employee Benefits |
1.5 |
1.3 |
0.8 |
0.6 |
0.7 |
|
Travel Expenses |
0.7 |
0.6 |
0.4 |
0.2 |
0.4 |
|
Communication Expense |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Utility Expenses |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Taxes & Dues |
0.4 |
0.3 |
0.3 |
0.2 |
0.2 |
|
Supply Expense |
0.6 |
0.5 |
0.3 |
0.2 |
0.2 |
|
Publication Expense |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Office Supplies Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rent |
0.5 |
0.4 |
0.4 |
0.2 |
0.3 |
|
Repair Expense |
0.0 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Vehicle Maintenance Expense |
0.7 |
0.6 |
0.5 |
0.3 |
0.4 |
|
Insurance Premiums |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Commissions |
1.1 |
0.9 |
0.6 |
0.5 |
0.5 |
|
Sales Commissions |
1.0 |
1.3 |
0.8 |
0.4 |
0.6 |
|
Freight Expense |
1.8 |
1.8 |
1.4 |
0.8 |
0.7 |
|
Entertainment |
0.7 |
0.5 |
0.3 |
0.2 |
0.3 |
|
Advertising Expense |
1.2 |
0.9 |
0.6 |
0.4 |
0.4 |
|
Education & Training |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Export Expense |
2.5 |
1.5 |
1.5 |
0.5 |
0.8 |
|
Overseas Branch Management Expense |
0.5 |
0.3 |
0.1 |
0.0 |
- |
|
Expense of Allow. for DA |
0.2 |
0.2 |
0.2 |
0.1 |
0.1 |
|
Conference Expense |
0.0 |
0.0 |
0.0 |
- |
- |
|
Depreciation |
0.5 |
0.5 |
0.4 |
0.4 |
0.6 |
|
Amort of Intangibles |
0.2 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Research & Development Expense |
1.8 |
1.3 |
1.1 |
0.6 |
0.8 |
|
Miscellaneous Expense |
0.1 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Costs of Goods & Services Sold |
- |
- |
77.4 |
- |
- |
|
Gain on Disposal of PPT |
- |
- |
-0.1 |
- |
- |
|
Government Subsidy Income |
- |
- |
-0.2 |
- |
- |
|
Gain on Foreign Currency Transaction |
- |
- |
-0.5 |
- |
- |
|
Gain on Foreign Currency Translation |
- |
- |
0.0 |
- |
- |
|
Rental Income |
- |
- |
0.0 |
- |
- |
|
Commission Income |
- |
- |
-0.1 |
- |
- |
|
Miscellaneous Income |
- |
- |
-0.4 |
- |
- |
|
Gain on Derivative Transaction |
- |
- |
0.0 |
- |
- |
|
Adj. for Other Operating Income |
- |
- |
- |
- |
- |
|
Adj. for Other Selling & Admin. Expense |
0.0 |
0.0 |
0.0 |
- |
- |
|
Loss on Disposal of PPT |
- |
- |
0.0 |
- |
- |
|
Loss on Foreign Currency Transaction |
- |
- |
0.7 |
- |
- |
|
Loss on Foreign Currency Translation |
- |
- |
0.2 |
- |
- |
|
Donations Paid |
- |
- |
0.0 |
- |
- |
|
Loss on Scrapping of Inventory |
- |
- |
0.1 |
- |
- |
|
Miscellaneous Loss |
- |
- |
0.1 |
- |
- |
|
Loss on Prior Period Adjustments |
- |
- |
0.0 |
- |
- |
|
Adj. for Other Operating Expense |
- |
- |
0.0 |
- |
- |
|
Total Operating Expense |
131.1 |
123.4 |
92.7 |
58.6 |
56.5 |
|
|
|
|
|
|
|
|
Interest Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Gain-Disposal of Investment Assets |
- |
- |
- |
- |
0.1 |
|
Rental Income |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
G-Tang Asst Disposal |
0.1 |
0.1 |
- |
0.0 |
0.0 |
|
G-For Curr Transactn |
0.7 |
0.5 |
- |
0.1 |
1.0 |
|
G-For Exch Translatn |
0.5 |
0.3 |
- |
0.6 |
1.3 |
|
G-Prior Error Adjust |
- |
0.0 |
- |
- |
- |
|
Gain on Disposal of Invmt in Affiliates |
0.1 |
- |
- |
- |
- |
|
Fee & Commission Received |
- |
- |
- |
- |
0.1 |
|
Government Subsidy |
0.7 |
0.5 |
- |
0.1 |
0.0 |
|
Gain-Currency Option Transaction |
- |
- |
- |
0.0 |
- |
|
Recovery-Loss on Valuation of Derivative |
- |
- |
- |
0.1 |
- |
|
Miscellaneous Income |
0.5 |
0.4 |
- |
0.2 |
0.3 |
|
Interest Expense, Non-Operating |
-1.8 |
-1.9 |
-1.7 |
-1.6 |
-2.7 |
|
Bad Debt Expense |
- |
- |
- |
- |
0.0 |
|
L-Trade Rcv Disposal |
- |
- |
- |
0.0 |
-0.1 |
|
Loss-Disposal of Tangible Assets |
- |
- |
- |
0.0 |
0.0 |
|
Loss-Scrapping of inventory |
-0.2 |
-0.5 |
- |
0.0 |
- |
|
Loss-Disposal of Investment Assets |
- |
- |
- |
- |
-0.1 |
|
Loss-Disposal of Sec Available-Sale |
- |
- |
- |
0.0 |
- |
|
L-Tang.Asst Disposal |
-0.1 |
0.0 |
- |
- |
- |
|
Impmt Loss-Fincl Instrm Avail. for Sale |
0.0 |
- |
- |
- |
- |
|
Other Bad Debts Expenses |
0.0 |
0.0 |
- |
- |
- |
|
L-For Curr Transactn |
-0.6 |
-0.9 |
- |
-0.2 |
-1.2 |
|
Loss-Valuation of Currency Option |
- |
- |
- |
- |
-2.4 |
|
L-For Exch Translatn |
-0.6 |
-0.2 |
- |
-0.6 |
-2.0 |
|
Impmt Loss on Intangibless |
- |
-0.1 |
- |
- |
- |
|
Donations |
-0.2 |
0.0 |
- |
0.0 |
0.0 |
|
L-Prior Error Adjust |
- |
0.0 |
- |
- |
- |
|
Miscellaneous Losses |
-0.1 |
0.0 |
- |
0.0 |
-0.1 |
|
L-Equity Method Valu |
-0.1 |
- |
- |
- |
- |
|
Gain under Equity Method |
- |
0.0 |
- |
- |
- |
|
Net Income Before Taxes |
7.5 |
10.5 |
6.6 |
0.9 |
-7.3 |
|
|
|
|
|
|
|
|
Prov. for Income Taxes |
1.4 |
2.0 |
0.8 |
0.1 |
-1.7 |
|
Net Income After Taxes |
6.1 |
8.5 |
5.8 |
0.8 |
-5.6 |
|
|
|
|
|
|
|
|
Minority Interest |
0.0 |
- |
- |
- |
- |
|
Net Income Before Extra. Items |
6.1 |
8.5 |
5.8 |
0.8 |
-5.6 |
|
Net Income |
6.1 |
8.5 |
5.8 |
0.8 |
-5.6 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
6.1 |
8.5 |
5.8 |
0.8 |
-5.6 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
6.1 |
8.5 |
5.8 |
0.8 |
-5.6 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
9.9 |
9.6 |
9.6 |
9.6 |
9.6 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.62 |
0.88 |
0.60 |
0.08 |
-0.58 |
|
Basic EPS Including ExtraOrdinary Items |
0.62 |
0.88 |
0.60 |
0.08 |
-0.58 |
|
Dilution Adjustment |
0.0 |
0.0 |
- |
- |
0.0 |
|
Diluted Net Income |
6.1 |
8.5 |
5.8 |
0.8 |
-5.6 |
|
Diluted Weighted Average Share |
9.9 |
9.6 |
9.6 |
9.6 |
9.6 |
|
Diluted EPS Excluding ExtraOrd Items |
0.62 |
0.88 |
0.60 |
0.08 |
-0.58 |
|
Diluted EPS Including ExtraOrd Items |
0.62 |
0.88 |
0.60 |
0.08 |
-0.58 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
7.7 |
10.9 |
6.6 |
0.9 |
-7.2 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
1.4 |
2.1 |
0.8 |
0.1 |
-1.7 |
|
Normalized Income After Taxes |
6.3 |
8.8 |
5.8 |
0.8 |
-5.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
6.3 |
8.8 |
5.8 |
0.8 |
-5.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.63 |
0.92 |
0.60 |
0.08 |
-0.58 |
|
Diluted Normalized EPS |
0.63 |
0.92 |
0.60 |
0.08 |
-0.58 |
|
R&D Expense, Supplemental |
1.8 |
1.3 |
1.1 |
0.6 |
0.8 |
|
Advertising Expense, Supplemental |
1.2 |
0.9 |
0.6 |
0.4 |
0.4 |
|
Interest Expense, Supplemental |
1.8 |
1.9 |
1.7 |
1.6 |
2.7 |
|
Amort of Intangibles, Suppleme |
0.2 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Rental Expense, Supplemental |
0.5 |
0.4 |
0.4 |
0.2 |
0.3 |
|
Depreciation, Supplemental |
3.4 |
3.0 |
2.1 |
1.8 |
2.2 |
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 |
Reclassified
Normal |
Restated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1066.400024 |
1152 |
1134.9 |
1164.475 |
1259.55 |
|
Auditor |
Cheonji
Accounting Corp. |
Cheonji
Accounting Corp. |
Mirae Accounting
Corp. |
Mirae Accounting
Corp. |
Mirae Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Cash Equivalents |
2.1 |
3.5 |
4.9 |
2.7 |
0.9 |
|
Other Current Fincl Instrm |
- |
- |
0.1 |
0.2 |
0.3 |
|
ST Loan, Net |
0.0 |
- |
- |
0.1 |
0.0 |
|
Trade Rcvbls,G |
43.8 |
35.0 |
33.9 |
23.7 |
15.8 |
|
Allow. for DA for Trade Receivable |
-0.1 |
-0.3 |
-0.5 |
-0.5 |
-0.5 |
|
Other Rcvbls |
2.8 |
5.4 |
3.6 |
0.9 |
0.4 |
|
Allowance for Other Receivables |
0.0 |
0.0 |
-0.3 |
- |
- |
|
Advance Payments |
0.5 |
0.8 |
0.8 |
0.3 |
0.0 |
|
Advance Payments-Government Subsidy |
- |
- |
0.0 |
- |
- |
|
Allowance for Doubtful Accounts for Adva |
0.0 |
0.0 |
0.0 |
- |
- |
|
Prepaid Expenses |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Receivable-Recovery of Taxes |
- |
- |
- |
0.0 |
- |
|
Prepaid VAT |
0.8 |
0.2 |
0.2 |
0.1 |
0.1 |
|
Accrued Income |
- |
- |
0.0 |
0.0 |
0.0 |
|
Deferred Taxes |
- |
- |
- |
0.2 |
0.5 |
|
Merchandises |
1.6 |
1.0 |
0.7 |
0.2 |
1.3 |
|
Finished Goods |
6.0 |
5.3 |
2.6 |
2.2 |
6.5 |
|
Work in Progress |
7.8 |
6.1 |
5.8 |
4.2 |
2.9 |
|
Raw Materials |
19.1 |
13.3 |
11.7 |
6.3 |
7.5 |
|
Goods in Transit |
0.6 |
0.1 |
0.0 |
0.2 |
0.0 |
|
Trade & Other Receivable |
- |
- |
0.0 |
- |
- |
|
Adj. for Inventories |
0.0 |
0.0 |
0.0 |
- |
- |
|
Total Current Assets |
84.8 |
70.3 |
63.6 |
40.8 |
35.8 |
|
|
|
|
|
|
|
|
LT Finl Assets |
0.4 |
0.4 |
0.4 |
0.4 |
0.3 |
|
Secs for Sale |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Affiliates Stock |
0.3 |
0.3 |
- |
- |
- |
|
LT Guarantee Dep |
0.2 |
0.3 |
0.3 |
0.4 |
0.4 |
|
Allowance for Doubtful Accounts for LT G |
0.0 |
0.0 |
- |
- |
- |
|
LT Trade Receivable |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Allowance for Doubtful Accounts for LT T |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adjustment for Long-term Trade and Other |
- |
- |
0.0 |
- |
- |
|
Land |
44.8 |
40.9 |
41.4 |
40.9 |
37.8 |
|
Buildings |
26.9 |
21.5 |
20.0 |
15.2 |
14.3 |
|
Deprec-Buildings |
-4.3 |
-3.4 |
-1.5 |
-2.1 |
-1.6 |
|
Buildings-Government Subsidy |
-1.0 |
-0.2 |
-1.2 |
- |
- |
|
Structures |
0.2 |
0.2 |
0.2 |
0.1 |
0.1 |
|
Deprec-Structure |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Tools |
6.5 |
4.5 |
3.1 |
2.2 |
1.7 |
|
Govt Subsidy-T |
-0.8 |
-0.4 |
0.0 |
0.0 |
0.0 |
|
Depr-Tool/Equip |
-3.0 |
-2.1 |
-1.6 |
-1.5 |
-1.1 |
|
Machinery/Equip. |
17.1 |
14.3 |
12.8 |
9.6 |
9.2 |
|
Depr-Mach/Equip. |
-8.2 |
-6.9 |
-5.4 |
-5.6 |
-4.5 |
|
Machineries & Equipments-Govern. Subsidy |
-0.1 |
- |
- |
- |
- |
|
Transport Equip. |
1.5 |
1.1 |
1.1 |
0.7 |
0.6 |
|
Deprec-Transport |
-0.9 |
-0.7 |
-0.5 |
-0.5 |
-0.4 |
|
Government Subsidy for Vehicles |
0.0 |
0.0 |
0.0 |
- |
- |
|
Misc. Fixtures |
2.2 |
1.9 |
1.7 |
1.8 |
1.7 |
|
Fixtures-Government Subsidy |
-0.1 |
-0.1 |
0.0 |
- |
- |
|
Deprec-Fixtures |
-1.7 |
-1.4 |
-1.2 |
-1.6 |
-1.4 |
|
Construction in Progress |
2.3 |
1.2 |
- |
1.7 |
1.1 |
|
Other Tangible Assets |
- |
- |
- |
0.0 |
0.0 |
|
Other Tangibles-Depreciation |
- |
- |
- |
0.0 |
0.0 |
|
Industrial Property Rights |
- |
- |
0.0 |
0.0 |
0.0 |
|
Membership Right |
0.7 |
0.7 |
0.7 |
0.7 |
0.1 |
|
Other Intangibless |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Adj. for Property, Plant & Equipment |
0.0 |
0.0 |
0.0 |
- |
- |
|
Software |
0.7 |
0.2 |
0.1 |
- |
- |
|
Land Usufruct |
0.6 |
0.6 |
0.5 |
- |
- |
|
Adj. for Intangibless |
- |
0.0 |
0.0 |
- |
- |
|
Adj. for Other Non-Current Fincl Instrm |
- |
- |
0.0 |
- |
- |
|
Non-Current Prepaid Expense |
0.1 |
- |
- |
- |
- |
|
Total Assets |
169.3 |
143.4 |
134.5 |
103.1 |
94.4 |
|
|
|
|
|
|
|
|
Other Payable |
3.7 |
3.1 |
3.1 |
1.7 |
0.9 |
|
Trade Payable |
28.6 |
22.9 |
21.8 |
11.7 |
6.8 |
|
Current Tax Liabilities |
0.6 |
1.1 |
0.3 |
- |
0.1 |
|
Accrued Expense |
2.7 |
2.0 |
1.3 |
1.0 |
0.8 |
|
Advances Receivd |
4.5 |
4.2 |
4.6 |
1.6 |
1.0 |
|
Withheld |
0.3 |
0.2 |
0.2 |
0.1 |
0.1 |
|
VAT Withheld |
0.0 |
0.0 |
- |
0.3 |
- |
|
ST Borrowings |
24.5 |
23.2 |
24.5 |
18.1 |
18.6 |
|
Currency Options |
- |
- |
- |
0.4 |
1.6 |
|
Current Portion of Long-Term Borrowings |
8.2 |
4.3 |
4.0 |
3.7 |
3.1 |
|
Deferred Income |
0.4 |
1.9 |
1.2 |
- |
- |
|
Adj. for Current Trade & Other Payable |
- |
- |
0.0 |
- |
- |
|
Total Current Liabilities |
73.3 |
63.0 |
61.1 |
38.7 |
33.1 |
|
|
|
|
|
|
|
|
Non-Current Borrowings |
14.8 |
13.2 |
14.8 |
13.9 |
14.1 |
|
Currency Options, Long Term |
- |
- |
- |
- |
0.5 |
|
Total Long Term Debt |
14.8 |
13.2 |
14.8 |
13.9 |
14.6 |
|
|
|
|
|
|
|
|
Deferred Tax-Cr |
7.0 |
6.5 |
6.1 |
5.4 |
5.2 |
|
Prov.for Retirement & Severance Benefits |
- |
- |
1.3 |
1.7 |
1.7 |
|
Deposit-Retirement Insurance |
- |
- |
- |
-0.2 |
-0.6 |
|
Plan Assets |
- |
- |
- |
-0.4 |
- |
|
Transfer to National Pension Fund |
- |
- |
- |
0.0 |
0.0 |
|
Other Non-Current Liabilities |
0.3 |
0.1 |
0.1 |
0.1 |
- |
|
PV for LT Benefit Liabilities |
5.1 |
3.5 |
- |
- |
- |
|
Fair Value of Plan Assets |
-2.6 |
-1.7 |
- |
- |
- |
|
Minority Interest |
0.0 |
- |
- |
- |
- |
|
Total Liabilities |
97.9 |
84.6 |
83.4 |
59.2 |
54.0 |
|
|
|
|
|
|
|
|
Capital Stock |
4.7 |
4.3 |
4.4 |
4.3 |
4.0 |
|
Additional Paid in Capital |
9.9 |
9.2 |
9.3 |
9.1 |
8.4 |
|
Other Capital Surplus |
- |
- |
0.1 |
0.1 |
0.1 |
|
Rsv-Busines Loss |
- |
- |
- |
- |
1.1 |
|
Reserv-R&D |
- |
- |
- |
0.8 |
3.2 |
|
Legal Reserve |
0.6 |
0.6 |
0.6 |
0.6 |
0.5 |
|
Rsv-BusinessRatl |
- |
- |
- |
0.3 |
0.3 |
|
Rsv-Busines Expn |
- |
- |
- |
0.5 |
0.5 |
|
Voluntary Reserve |
7.1 |
4.0 |
3.0 |
1.8 |
1.7 |
|
Unappropriated Retained Earnings |
44.9 |
38.4 |
32.1 |
4.0 |
-0.7 |
|
Overseas Business Translation Debits |
2.5 |
2.9 |
2.3 |
2.1 |
2.7 |
|
Overseas Business Translation Debit |
0.0 |
- |
- |
- |
- |
|
G/L Revaluation |
- |
- |
- |
20.8 |
19.2 |
|
Treasury Stock |
- |
-0.7 |
-0.7 |
-0.6 |
-0.6 |
|
Gains on Disposal of Treasury Stock |
1.6 |
0.1 |
- |
- |
- |
|
Total Equity |
71.4 |
58.9 |
51.1 |
43.9 |
40.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
169.3 |
143.4 |
134.5 |
103.1 |
94.4 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
9.6 |
9.6 |
9.6 |
9.6 |
9.6 |
|
Total Common Shares Outstanding |
9.6 |
9.6 |
9.6 |
9.6 |
9.6 |
|
T/S-Common Stock |
0.4 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Deferred Revenue, Current |
4.9 |
6.1 |
5.8 |
1.6 |
1.0 |
|
Accumulated Amort. of Intangibles |
1.1 |
0.8 |
0.6 |
- |
0.0 |
|
Full-Time Employees |
449 |
348 |
260 |
236 |
206 |
|
Number of Common Shareholders |
- |
- |
3,103 |
1,169 |
1,388 |
|
Long-Term Debts Due in 1 Year |
8.2 |
- |
- |
3.7 |
3.1 |
|
Long-Term Debts Due in 2 Years |
6.1 |
- |
- |
3.8 |
3.1 |
|
Long-Term Debts Due in 3 Years |
3.1 |
- |
- |
4.1 |
2.9 |
|
Long-Term Debts Due in 4 Years |
2.9 |
- |
- |
4.1 |
3.2 |
|
Long-Term Debts Due in 5 Years |
- |
- |
- |
1.3 |
3.2 |
|
Long-Term Debts Due Remaining |
2.7 |
- |
- |
0.7 |
1.6 |
|
Total Long Term Debt, Supplemental |
23.0 |
- |
- |
17.6 |
17.2 |
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 |
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 |
Cheonji
Accounting Corp. |
Cheonji
Accounting Corp. |
Mirae Accounting
Corp. |
Mirae Accounting
Corp. |
Mirae Accounting
Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income or Loss |
6.1 |
8.5 |
5.8 |
0.8 |
-5.6 |
|
Depreciation |
3.4 |
3.0 |
2.1 |
1.8 |
2.2 |
|
Amort. of Intangibless |
0.2 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Other Provisions-Doubtful Account |
- |
- |
- |
- |
0.0 |
|
Loss-Scraping of Inventory |
- |
- |
- |
0.0 |
- |
|
Amort-Bad Debt Exp |
- |
- |
- |
0.1 |
0.1 |
|
Expense of Allow. for DA |
0.2 |
0.2 |
0.2 |
- |
- |
|
Interest Paid |
1.8 |
1.9 |
1.7 |
- |
- |
|
Retirement and Severance Benefits |
1.5 |
1.1 |
0.6 |
0.4 |
0.6 |
|
Losses on Foreign Currency Translation |
0.6 |
0.2 |
0.2 |
0.2 |
1.1 |
|
Loss-Investment Assets Disposal |
- |
- |
- |
- |
0.1 |
|
L-Equity Method Valu |
0.1 |
- |
- |
- |
- |
|
L-Trade Rcvbl Disp |
- |
- |
- |
0.0 |
0.1 |
|
Impmt Loss-Fincl Asset Avail.-for-Sale |
0.0 |
- |
- |
- |
- |
|
Loss-Valuation of Currency Options |
- |
- |
- |
- |
2.4 |
|
Loss-Disposal of Tangible Assets |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Gain-Disposal of Tangible Assets |
-0.1 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Gain on Sale of Invmt in Affiliates |
-0.1 |
- |
- |
- |
- |
|
Gain on Derivatives Transaction |
- |
- |
0.0 |
0.0 |
- |
|
Loss-Disposal of Investment Assets |
- |
- |
- |
- |
-0.1 |
|
Recovery-Loss on Valuation of Derivative |
- |
- |
- |
-0.1 |
- |
|
Gains on Foreign Currency Translation |
-0.5 |
-0.3 |
0.0 |
-0.1 |
-1.0 |
|
Trade Receivables |
-8.7 |
-2.0 |
-3.3 |
-5.7 |
11.1 |
|
Accrued Income |
- |
- |
- |
0.0 |
0.0 |
|
Account Receivables |
2.9 |
-2.4 |
-2.5 |
-0.5 |
0.0 |
|
Prepaid Expenses |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Corporate Tax Refundable |
- |
- |
- |
0.0 |
- |
|
Prepaid Value Added Taxes |
-0.5 |
-0.1 |
-0.1 |
0.0 |
0.1 |
|
Non-Current Prepaid Expenses |
-0.1 |
- |
- |
- |
- |
|
Advance Payments |
0.3 |
-0.2 |
-0.6 |
-0.2 |
0.1 |
|
Deferred Taxes-Assets, Current |
- |
- |
- |
0.3 |
-0.4 |
|
Deferred Income Tax Debit |
- |
- |
- |
- |
-0.2 |
|
Inventories |
- |
- |
- |
6.0 |
-0.9 |
|
LT Trade Receivables |
0.0 |
0.1 |
- |
0.0 |
-0.1 |
|
Trade Payables |
5.9 |
1.6 |
8.1 |
3.2 |
-5.8 |
|
Other Current Payable |
0.3 |
0.0 |
1.3 |
0.7 |
-0.9 |
|
Accrued Expenses |
0.0 |
0.8 |
0.3 |
0.1 |
-0.3 |
|
Accrued Inc Tax |
- |
- |
- |
-0.1 |
0.2 |
|
Value Added Taxes Withholdings |
0.0 |
- |
- |
- |
- |
|
Currency Options |
- |
- |
- |
-1.5 |
- |
|
Current Advances from Customers |
-0.1 |
-0.3 |
2.9 |
0.5 |
0.3 |
|
Deposits Withheld |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
|
VAT Withheld |
- |
0.0 |
-0.3 |
0.3 |
- |
|
Deferred Taxes-Liab. |
- |
- |
- |
-0.2 |
-1.3 |
|
Payment for Retirement Allow. |
-0.6 |
-0.4 |
-0.3 |
-0.5 |
-0.2 |
|
Retirement Pension Operating Fund |
- |
- |
- |
-0.3 |
- |
|
Retirement Insurance |
- |
- |
- |
0.4 |
0.0 |
|
Corporate Taxes Expense |
1.4 |
2.0 |
0.8 |
- |
- |
|
Expenses of Allow. for Other DA |
0.0 |
0.0 |
- |
- |
- |
|
Interest Income |
0.0 |
0.0 |
0.0 |
- |
- |
|
Gain under Equity Method |
- |
0.0 |
- |
- |
- |
|
Impmt Loss on Intangibless |
- |
0.1 |
- |
- |
- |
|
Increase in LT Guarantee Deposit |
0.1 |
0.0 |
0.1 |
- |
- |
|
Raw Material |
-5.2 |
-1.7 |
-5.1 |
- |
- |
|
Merchandise |
-0.4 |
-0.4 |
0.4 |
- |
- |
|
Work in Progress |
-1.2 |
-0.3 |
-1.5 |
- |
- |
|
Finished Goods |
0.2 |
-2.7 |
-0.7 |
- |
- |
|
Goods in Transit |
-0.5 |
-0.1 |
0.2 |
- |
- |
|
Non-Current Other Payable |
0.1 |
0.0 |
- |
- |
- |
|
Plan Assets in Fair Value |
-0.7 |
-0.6 |
-0.5 |
- |
- |
|
Cash-Interest Paid |
-1.8 |
-1.9 |
-1.8 |
- |
- |
|
Cash-Interest Received |
0.0 |
0.0 |
0.0 |
- |
- |
|
Cash Tax Refunded(Paid) |
-1.8 |
-0.6 |
-0.2 |
- |
- |
|
Cash Inflow from Other Operating |
-0.1 |
0.0 |
0.0 |
- |
- |
|
Cash From Operating Activities |
2.7 |
5.8 |
7.5 |
5.4 |
1.5 |
|
|
|
|
|
|
|
|
Dec-ST Finl Asset |
- |
0.1 |
0.2 |
0.1 |
0.9 |
|
Decrease-LT Financial Assets |
- |
- |
- |
- |
0.1 |
|
Dec-ST Loans&Receivables |
- |
- |
0.1 |
- |
- |
|
Decs in Current Loans&Other Receivables |
0.0 |
- |
- |
- |
- |
|
Decrease-Guarantee Deposit |
- |
- |
- |
0.1 |
0.2 |
|
Disp-Land |
- |
0.1 |
- |
- |
- |
|
Disposal of Building |
- |
0.0 |
- |
- |
- |
|
Disp-Machinery |
0.4 |
0.1 |
0.1 |
0.1 |
- |
|
Disp-Tools and Equipment |
0.0 |
- |
- |
- |
0.0 |
|
Decrease-Membership Right |
- |
- |
- |
- |
0.5 |
|
Disp-Vehicles |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Disposal-Supplies |
0.0 |
- |
- |
0.0 |
- |
|
Inc-Affiliates Stock |
- |
-0.3 |
- |
- |
- |
|
Purchase of Current Fincl Instruments |
- |
- |
-0.1 |
- |
- |
|
Purchase of Non-Current Fincl Instrm |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Inc-Secs. Avail.-for-Sale |
- |
- |
- |
- |
0.0 |
|
Increase-ST Loans |
- |
- |
- |
-0.1 |
- |
|
Increase-ST Financial Assets |
- |
- |
- |
- |
-0.5 |
|
Inc-Guarantee Dep |
- |
- |
- |
0.0 |
-0.1 |
|
Acq-Land |
-0.6 |
-0.2 |
- |
- |
- |
|
Acq-Building |
-0.1 |
-0.9 |
0.0 |
- |
- |
|
Purchase of Structures |
0.0 |
0.0 |
0.0 |
- |
- |
|
Purchase of Machinery |
-3.0 |
-1.5 |
-3.3 |
-0.1 |
0.0 |
|
Acq-Fixtures |
-0.1 |
-0.3 |
-0.4 |
-0.1 |
-0.1 |
|
Purchase of Vehicles |
-0.3 |
-0.1 |
-0.5 |
0.0 |
0.0 |
|
Acq-Tools/Equipmt |
-1.5 |
-1.5 |
-0.8 |
-0.3 |
-0.4 |
|
Purchase of Construction in Progress |
-4.7 |
-1.9 |
-2.6 |
-0.5 |
-0.7 |
|
Increase-Other Tangible Assets |
- |
- |
- |
0.0 |
0.0 |
|
Increase-Membership Right |
- |
- |
- |
-0.5 |
-0.2 |
|
Purchase of Other Intangibless |
- |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Increase-Government Subsidy |
0.1 |
2.0 |
1.4 |
- |
- |
|
Disposal of Intangible Assets |
- |
0.0 |
- |
- |
- |
|
Disposal of Non-Current Financial Instru |
0.1 |
0.0 |
- |
- |
- |
|
Purchase of Computer Software |
-0.6 |
-0.4 |
0.0 |
- |
- |
|
Purchase of LT Sec. Available for sale |
- |
0.0 |
0.0 |
- |
- |
|
Disposal of Currency Forwards |
- |
- |
-0.4 |
- |
- |
|
Cash Inflow-Aquisition of Subsidiaries |
0.0 |
- |
- |
- |
- |
|
Incs in Current Loans&Other Receivables |
-0.1 |
- |
- |
- |
- |
|
Cash From Investing Activities |
-10.5 |
-4.9 |
-6.5 |
-1.4 |
-0.4 |
|
|
|
|
|
|
|
|
Inc-ST Borrowings |
0.5 |
- |
0.2 |
2.8 |
24.2 |
|
Increase in Non-Current Borrowings |
4.8 |
8.4 |
4.5 |
- |
- |
|
Disp-Treasury Stock |
2.1 |
- |
- |
- |
- |
|
Decs in Current Portion of LT Borrowings |
-0.9 |
-9.5 |
-3.7 |
-0.9 |
-3.1 |
|
Decrease-ST Borrowings |
-0.3 |
-1.2 |
0.0 |
-4.3 |
-21.9 |
|
Decrease-LT Borrowings |
- |
- |
- |
- |
0.0 |
|
Cash Inflow from Other Financing Act. |
-0.1 |
0.0 |
0.0 |
- |
- |
|
Cash From Financing Activities |
6.1 |
-2.3 |
0.9 |
-2.4 |
-0.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.0 |
0.0 |
0.0 |
0.2 |
|
Incs or Decs in Cash & Cash Equivalents |
-1.6 |
-1.4 |
2.0 |
1.6 |
0.6 |
|
|
|
|
|
|
|
|
Net Cash Beginning Balance |
3.6 |
5.0 |
2.8 |
0.9 |
0.5 |
|
Net Cash Ending Balance |
2.0 |
3.6 |
4.8 |
2.5 |
1.0 |
|
Cash Interest Paid |
1.8 |
1.9 |
1.8 |
- |
- |
|
Cash Taxes Paid |
1.8 |
0.6 |
0.2 |
- |
- |
Financial
Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual
Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.59 |
|
UK Pound |
1 |
Rs.92.92 |
|
Euro |
1 |
Rs.78.94 |
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.