MIRA
INFORM REPORT
|
Report Date : |
01.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ABCO ELECTRONICS CO LTD |
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Registered Office : |
5448-4, Sangdaewon-Dong, Jungwon-Gu, Seongnam, 462120 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
19.10.1973 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
manufacturing of inductors and resistors. |
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No. of Employees : |
133 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
South Korea - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies, and currently is among the world's 20 largest economies. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea''s development model including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. With the global economic downturn in late 2008, South Korean GDP growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to recover, in large part due to export growth, low interest rates, and an expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade Agreement was ratified by both governments and is projected to go into effect in early 2012. The South Korean economy''s long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports - which comprise half of GDP.
|
Source : CIA |
Company name & address
ABCO Electronics Co Ltd
5448-4, Sangdaewon-Dong, Jungwon-Gu
Seongnam, 462120
Korea, Republic of
Tel: 82-31-7305114
Fax: 82-31-7305123
Web: www.abco.co.kr
Synthesis
Employees: 133
Company Type: Public Parent
Corporate Family: 2
Companies
Traded: KOSDAQ: 036010
Incorporation Date:
19-Oct-1973
Auditor: Sungshin Accounting Corp.
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: South
Korean Won
Annual Sales: 45.7
1
Net Income: 1.1
Total Assets: 71.6
2
Market Value: 49.5 (15-Feb-2013)
Business Description
ABCO Electronics
Co., Ltd. is a Korea-based company engaged in the manufacturing of inductors
and resistors. The Company's products consists of chip inductors including
signal inductors, common mode filters and surface mounted device (SMD) power
inductors, lead inductors including lead power inductors and others, as well as
resistors including chip resistors, lead resistors and others. The products are
mainly used in portable information communication devices such as mobile
phones, notebook personal computers (PCs) and others; digital audio and visual
(AV) equipment such as light-emitting diode (LED), liquid crystal display
(LCD), plasma display panel (PDP) televisions, digital cameras and others, as
well as multi-media products and household appliances. For the fiscal year
ended 31 December 2009, ABCO Electronics' revenues totaled W37.70B. The
Company's net income totaled W1.71B. Revenues and net income are not comparable
to the previous period due to company reported consolidated financial
statements in December 2008 and non-consolidated financials in December 2009.
ABCO Electronics Co.,Ltd. is a Korea-based company engaged in the manufacturing
and sale of inductors and resistors.
Industry
Industry Electronic Instruments and Controls
ANZSIC 2006: 2429 - Other
Electronic Equipment Manufacturing
NACE 2002: 3110 - Manufacture
of electric motors, generators and transformers
NAICS 2002: 334416 -
Electronic Coil, Transformer, and Other Inductor Manufacturing
UK SIC 2003: 3110 - Manufacture
of electric motors, generators and transformers
UK SIC 2007: 2711 - Manufacture
of electric motors, generators and transformers
US SIC 1987: 3677 - Electronic
Coils, Transformers, and Other Inductors
Key Executives
|
Name |
Title |
|
Jong Man Lee |
President, Chief Executive Officer, Director |
|
Hwa Deok Jang |
Internal Auditor |
|
Je Yeong Kim |
Chairman of the Board |
|
Yeong Hui Jung |
Managing Director, Director |
|
Ju Seok Lee |
Non-Executive Independent Director |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
General Products |
2 |
ABCO Electronics Co., Ltd. Receives Patent |
29-Aug-2012 |
|
Equity Financing / Related |
1 |
ABCO Electronics Co., Ltd. to Dispose Treasury Shares |
28-Jan-2013 |
* number of significant developments within the last 12 months
Financial
Summary
|
Stock Snapshot
|
1 - Profit & Loss Item Exchange Rate: USD 1 = KRW 1107.891
2 - Balance Sheet Item Exchange Rate: USD 1 = KRW 1152
Corporate Overview
Location
5448-4, Sangdaewon-Dong, Jungwon-Gu
Seongnam, 462120
Korea, Republic of
Tel: 82-31-7305114
Fax: 82-31-7305123
Web: www.abco.co.kr
Quote Symbol - Exchange
036010 - KOSDAQ
Sales KRW(mil): 50,613.8
Assets KRW(mil): 82,445.4
Employees: 133
Fiscal Year End: 31-Dec-2011
Industry: Electronic
Instruments and Controls
Incorporation Date: 19-Oct-1973
Company Type: Public
Parent
Quoted Status: Quoted
President, Chief
Executive Officer, Director:
Jong Man Lee
Industry Codes
ANZSIC 2006 Codes:
2429 - Other Electronic Equipment Manufacturing
NACE 2002 Codes:
3110 - Manufacture of electric motors, generators and transformers
3210 - Manufacture of electronic valves and tubes and other electronic
components
NAICS 2002 Codes:
334416 - Electronic Coil, Transformer, and Other Inductor
Manufacturing
334415 - Electronic Resistor Manufacturing
US SIC 1987:
3677 - Electronic Coils, Transformers, and Other Inductors
3676 - Electronic Resistors
UK SIC 2003:
3110 - Manufacture of electric motors, generators and transformers
3210 - Manufacture of electronic valves and tubes and other
electronic components
UK SIC 2007:
2711 - Manufacture of electric motors, generators and transformers
2611 - Manufacture of electronic components
Business
Description
ABCO Electronics
Co., Ltd. is a Korea-based company engaged in the manufacturing of inductors
and resistors. The Company's products consists of chip inductors including
signal inductors, common mode filters and surface mounted device (SMD) power
inductors, lead inductors including lead power inductors and others, as well as
resistors including chip resistors, lead resistors and others. The products are
mainly used in portable information communication devices such as mobile
phones, notebook personal computers (PCs) and others; digital audio and visual
(AV) equipment such as light-emitting diode (LED), liquid crystal display
(LCD), plasma display panel (PDP) televisions, digital cameras and others, as
well as multi-media products and household appliances. For the fiscal year
ended 31 December 2009, ABCO Electronics' revenues totaled W37.70B. The
Company's net income totaled W1.71B. Revenues and net income are not comparable
to the previous period due to company reported consolidated financial
statements in December 2008 and non-consolidated financials in December 2009.
ABCO Electronics Co.,Ltd. is a Korea-based company engaged in the manufacturing
and sale of inductors and resistors.
More Business Descriptions
Manufacture of inductors and resistors
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Corporate Family |
Corporate
Structure News: |
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ABCO
Electronics Co Ltd |
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ABCO Electronics Co Ltd |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
ABCO Electronics Co Ltd |
Parent |
Seongnam |
Korea, Republic of |
Electronic Instruments and Controls |
45.7 |
133 |
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Connection Technologies Corporation |
Subsidiary |
Ansan, Kyonggi-Do |
Korea, Republic of |
Communications Equipment |
16.4 |
75 |
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Executive report
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Board of
Directors |
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Chairman of the Board |
Chairman |
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Managing Director, Director |
Director/Board Member |
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President, Chief Executive Officer, Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Executives |
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President, Chief Executive Officer, Director |
Chief Executive Officer |
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Assistant Managing Director |
Managing Director |
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Managing Director, Director |
Managing Director |
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Internal Auditor |
Accounting Executive |
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Significant Developments
ABCO Electronics Co., Ltd. to Dispose Treasury Shares Jan 28, 2013
ABCO Electronics Co., Ltd. announced that it will sell 300,000 shares of its common stock for KRW 1,296 million for equity investments and expanding liquidity.
ABCO Electronics Co., Ltd. Receives Patent Aug 29, 2012
ABCO Electronics Co., Ltd. announced that it has received a patent on August 9, 2012, for inductor manufacturing apparatus.
Abco Electronics Co Ltd Receives Patent Aug 22, 2012
Abco Electronics Co Ltd announced that it has received a patent on August 22, 2012, for terminal of a surface mounting-type inductor.
Annual
Income Statement
Financials in: USD (mil),
Except for share items (millions) and per share items (actual units),
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
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Net Sales |
45.7 |
79.7 |
29.5 |
41.4 |
57.2 |
|
Revenue |
45.7 |
79.7 |
29.5 |
41.4 |
57.2 |
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Total Revenue |
45.7 |
79.7 |
29.5 |
41.4 |
57.2 |
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Cost of Revenue |
41.8 |
71.9 |
25.0 |
34.7 |
46.1 |
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Cost of Revenue, Total |
41.8 |
71.9 |
25.0 |
34.7 |
46.1 |
|
Gross Profit |
3.9 |
7.8 |
4.5 |
6.7 |
11.1 |
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Selling/General/Administrative Expense |
2.5 |
2.6 |
0.9 |
1.3 |
1.8 |
|
Labor & Related Expense |
2.9 |
3.0 |
1.5 |
2.1 |
3.1 |
|
Advertising Expense |
- |
- |
- |
0.0 |
0.0 |
|
Total Selling/General/Administrative Expenses |
5.4 |
5.6 |
2.4 |
3.4 |
4.9 |
|
Depreciation |
0.5 |
0.5 |
0.2 |
0.3 |
0.3 |
|
Amortization of Intangibles |
- |
- |
- |
0.2 |
0.3 |
|
Depreciation/Amortization |
0.5 |
0.5 |
0.2 |
0.4 |
0.6 |
|
Investment Income -
Operating |
-7.2 |
- |
- |
- |
- |
|
Interest/Investment Income - Operating |
-7.2 |
- |
- |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
-7.2 |
- |
- |
- |
- |
|
Impairment-Assets Held for Use |
- |
0.1 |
- |
- |
- |
|
Impairment-Assets Held for Sale |
0.3 |
- |
- |
- |
- |
|
Loss (Gain) on Sale of Assets - Operating |
2.1 |
0.0 |
- |
- |
- |
|
Unusual Expense (Income) |
2.4 |
0.0 |
- |
- |
- |
|
Other Operating Expense |
0.6 |
0.1 |
- |
- |
- |
|
Other, Net |
-0.8 |
-0.8 |
- |
- |
- |
|
Other Operating Expenses, Total |
-0.3 |
-0.7 |
- |
- |
- |
|
Total Operating Expense |
42.7 |
77.3 |
27.6 |
38.6 |
51.5 |
|
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|
|
|
|
|
|
Operating Income |
3.0 |
2.4 |
1.9 |
2.8 |
5.6 |
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|
|
|
|
|
|
Interest Expense -
Non-Operating |
-0.7 |
-0.4 |
-0.3 |
-0.6 |
-0.4 |
|
Interest Expense, Net Non-Operating |
-0.7 |
-0.4 |
-0.3 |
-0.6 |
-0.4 |
|
Interest Income -
Non-Operating |
0.4 |
0.7 |
0.5 |
0.7 |
0.9 |
|
Investment Income -
Non-Operating |
-0.8 |
-0.7 |
-0.3 |
-5.4 |
0.2 |
|
Interest/Investment Income - Non-Operating |
-0.4 |
0.0 |
0.2 |
-4.7 |
1.2 |
|
Interest Income (Expense) - Net Non-Operating |
0.0 |
0.0 |
- |
- |
- |
|
Interest Income (Expense) - Net Non-Operating Total |
-1.1 |
-0.4 |
-0.1 |
-5.3 |
0.7 |
|
Gain (Loss) on Sale of Assets |
- |
- |
0.0 |
0.0 |
1.2 |
|
Other Non-Operating Income (Expense) |
- |
- |
0.2 |
0.3 |
0.5 |
|
Other, Net |
- |
- |
0.2 |
0.3 |
0.5 |
|
Income Before Tax |
1.9 |
2.0 |
2.0 |
-2.1 |
8.1 |
|
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|
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|
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Total Income Tax |
0.9 |
0.8 |
0.6 |
-0.2 |
2.1 |
|
Income After Tax |
1.1 |
1.2 |
1.3 |
-1.9 |
6.1 |
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Minority Interest |
- |
- |
- |
0.0 |
0.0 |
|
Net Income Before Extraord Items |
1.1 |
1.2 |
1.3 |
-1.9 |
6.1 |
|
Net Income |
1.1 |
1.2 |
1.3 |
-1.9 |
6.1 |
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Income Available to Common Excl Extraord Items |
1.1 |
1.2 |
1.3 |
-1.9 |
6.1 |
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Income Available to Common Incl Extraord Items |
1.1 |
1.2 |
1.3 |
-1.9 |
6.1 |
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Basic/Primary Weighted Average Shares |
11.3 |
11.3 |
10.9 |
11.5 |
11.3 |
|
Basic EPS Excl Extraord Items |
0.09 |
0.11 |
0.12 |
-0.16 |
0.54 |
|
Basic/Primary EPS Incl Extraord Items |
0.09 |
0.11 |
0.12 |
-0.16 |
0.54 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
1.1 |
1.2 |
1.3 |
-1.9 |
6.1 |
|
Diluted Weighted Average Shares |
11.3 |
11.3 |
10.9 |
11.5 |
11.3 |
|
Diluted EPS Excl Extraord Items |
0.09 |
0.11 |
0.12 |
-0.16 |
0.54 |
|
Diluted EPS Incl Extraord Items |
0.09 |
0.11 |
0.12 |
-0.16 |
0.54 |
|
Dividends per Share - Common Stock Primary Issue |
0.06 |
0.03 |
0.05 |
0.05 |
0.14 |
|
Gross Dividends - Common Stock |
0.7 |
0.3 |
0.5 |
0.5 |
1.6 |
|
Interest Expense, Supplemental |
0.7 |
0.4 |
0.3 |
0.6 |
0.4 |
|
Depreciation, Supplemental |
2.8 |
2.4 |
1.0 |
1.7 |
2.3 |
|
Total Special Items |
2.4 |
0.0 |
0.0 |
0.2 |
-1.0 |
|
Normalized Income Before Tax |
4.3 |
2.0 |
2.0 |
-1.9 |
7.1 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
1.1 |
0.0 |
0.0 |
0.0 |
-0.3 |
|
Inc Tax Ex Impact of Sp Items |
2.0 |
0.8 |
0.6 |
-0.2 |
1.8 |
|
Normalized Income After Tax |
2.4 |
1.2 |
1.3 |
-1.7 |
5.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
2.4 |
1.2 |
1.3 |
-1.7 |
5.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.21 |
0.11 |
0.12 |
-0.15 |
0.47 |
|
Diluted Normalized EPS |
0.21 |
0.11 |
0.12 |
-0.15 |
0.47 |
|
Amort of Acquisition Costs, Supplemental |
- |
- |
- |
0.2 |
0.2 |
|
Amort of Intangibles, Supplemental |
0.0 |
0.0 |
- |
0.0 |
0.1 |
|
Rental Expenses |
- |
- |
0.0 |
0.0 |
0.0 |
|
Advertising Expense, Supplemental |
- |
- |
- |
0.0 |
0.0 |
|
Research & Development Exp, Supplemental |
- |
- |
- |
- |
2.0 |
|
Normalized EBIT |
-1.8 |
2.4 |
1.9 |
2.8 |
5.6 |
|
Normalized EBITDA |
1.1 |
4.8 |
2.8 |
4.7 |
8.3 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
13.2 |
4.1 |
2.5 |
1.8 |
4.1 |
|
Short Term Investments |
7.0 |
15.6 |
14.4 |
14.8 |
25.9 |
|
Cash and Short Term Investments |
20.2 |
19.7 |
16.9 |
16.6 |
30.0 |
|
Accounts Receivable -
Trade, Gross |
8.8 |
10.9 |
6.0 |
6.4 |
8.6 |
|
Provision for Doubtful
Accounts |
-0.8 |
-0.3 |
-0.2 |
-0.2 |
-0.2 |
|
Trade Accounts Receivable - Net |
8.1 |
10.8 |
5.8 |
6.4 |
8.7 |
|
Other Receivables |
2.6 |
5.8 |
0.7 |
0.7 |
1.4 |
|
Total Receivables, Net |
10.6 |
16.6 |
6.5 |
7.0 |
10.0 |
|
Inventories - Finished Goods |
2.6 |
5.6 |
1.8 |
3.4 |
4.6 |
|
Inventories - Work In Progress |
0.8 |
0.9 |
0.4 |
0.5 |
0.7 |
|
Inventories - Raw Materials |
1.9 |
1.9 |
0.9 |
1.3 |
1.8 |
|
Inventories - Other |
0.2 |
0.6 |
1.1 |
0.7 |
0.9 |
|
Total Inventory |
5.6 |
9.0 |
4.2 |
5.8 |
8.0 |
|
Prepaid Expenses |
1.0 |
0.9 |
0.5 |
0.4 |
1.1 |
|
Deferred Income Tax - Current Asset |
- |
- |
- |
0.7 |
- |
|
Other Current Assets |
0.0 |
0.0 |
- |
- |
- |
|
Other Current Assets, Total |
0.0 |
0.0 |
- |
0.7 |
- |
|
Total Current Assets |
37.5 |
46.3 |
28.1 |
30.6 |
49.2 |
|
|
|
|
|
|
|
|
Buildings |
6.5 |
5.3 |
6.9 |
6.4 |
8.5 |
|
Land/Improvements |
7.0 |
5.5 |
10.8 |
10.0 |
13.4 |
|
Machinery/Equipment |
37.5 |
33.9 |
16.4 |
22.4 |
30.3 |
|
Construction in
Progress |
1.6 |
3.1 |
2.0 |
2.0 |
3.1 |
|
Other
Property/Plant/Equipment |
0.0 |
0.0 |
- |
- |
- |
|
Property/Plant/Equipment - Gross |
52.7 |
47.8 |
36.1 |
40.6 |
55.3 |
|
Accumulated Depreciation |
-23.9 |
-23.9 |
-14.1 |
-20.5 |
-27.8 |
|
Property/Plant/Equipment - Net |
28.7 |
23.9 |
22.0 |
20.1 |
27.6 |
|
Goodwill, Net |
- |
- |
- |
0.8 |
1.2 |
|
Intangibles, Net |
0.5 |
0.5 |
- |
0.0 |
0.0 |
|
LT Investment - Affiliate Companies |
0.2 |
0.1 |
9.4 |
7.9 |
5.4 |
|
LT Investments - Other |
4.0 |
10.2 |
1.9 |
2.1 |
3.2 |
|
Long Term Investments |
4.2 |
10.3 |
11.2 |
10.0 |
8.5 |
|
Note Receivable - Long Term |
0.4 |
0.3 |
0.3 |
0.3 |
0.4 |
|
Deferred Income Tax - Long Term Asset |
- |
- |
0.0 |
- |
- |
|
Other Long Term Assets |
0.2 |
0.0 |
0.1 |
0.1 |
0.3 |
|
Other Long Term Assets, Total |
0.2 |
0.0 |
0.1 |
0.1 |
0.3 |
|
Total Assets |
71.6 |
81.3 |
61.7 |
61.8 |
87.2 |
|
|
|
|
|
|
|
|
Accounts Payable |
4.5 |
11.4 |
3.5 |
3.2 |
8.1 |
|
Accrued Expenses |
1.6 |
1.0 |
0.5 |
0.4 |
1.2 |
|
Notes Payable/Short Term Debt |
12.8 |
11.0 |
7.2 |
9.5 |
9.5 |
|
Current Portion - Long Term Debt/Capital Leases |
0.1 |
1.5 |
0.8 |
1.3 |
0.3 |
|
Customer Advances |
0.0 |
0.3 |
0.0 |
0.0 |
0.4 |
|
Security Deposits |
0.3 |
0.3 |
- |
- |
- |
|
Income Taxes Payable |
0.5 |
0.3 |
0.0 |
0.4 |
1.7 |
|
Other Payables |
1.3 |
5.2 |
0.3 |
0.1 |
0.6 |
|
Deferred Income Tax - Current Liability |
- |
- |
0.1 |
- |
0.5 |
|
Other Current Liabilities |
0.3 |
0.1 |
0.1 |
0.2 |
0.3 |
|
Other Current liabilities, Total |
2.4 |
6.1 |
0.6 |
0.7 |
3.5 |
|
Total Current Liabilities |
21.3 |
31.1 |
12.7 |
15.0 |
22.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
1.2 |
0.1 |
1.1 |
2.7 |
2.6 |
|
Total Long Term Debt |
1.2 |
0.1 |
1.1 |
2.7 |
2.6 |
|
Total Debt |
14.0 |
12.5 |
9.2 |
13.5 |
12.4 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.2 |
0.4 |
- |
0.2 |
0.5 |
|
Deferred Income Tax |
0.2 |
0.4 |
- |
0.2 |
0.5 |
|
Pension Benefits - Underfunded |
0.2 |
0.3 |
0.1 |
0.7 |
1.0 |
|
Other Long Term Liabilities |
0.0 |
0.1 |
0.1 |
0.1 |
- |
|
Other Liabilities, Total |
0.2 |
0.5 |
0.2 |
0.8 |
1.0 |
|
Total Liabilities |
22.9 |
32.0 |
14.0 |
18.7 |
26.6 |
|
|
|
|
|
|
|
|
Common Stock |
5.3 |
5.4 |
5.2 |
4.8 |
6.5 |
|
Common Stock |
5.3 |
5.4 |
5.2 |
4.8 |
6.5 |
|
Additional Paid-In Capital |
20.0 |
20.4 |
19.7 |
18.2 |
23.9 |
|
Retained Earnings (Accumulated Deficit) |
24.2 |
23.8 |
22.4 |
19.8 |
30.5 |
|
Treasury Stock - Common |
-1.5 |
-0.6 |
-1.2 |
-1.5 |
- |
|
Unrealized Gain (Loss) |
0.1 |
0.1 |
2.1 |
2.2 |
-0.3 |
|
Translation Adjustment |
0.4 |
0.0 |
- |
- |
- |
|
Other Equity |
0.3 |
0.3 |
-0.5 |
-0.5 |
- |
|
Other Comprehensive Income |
0.0 |
0.0 |
- |
- |
- |
|
Other Equity, Total |
0.6 |
0.3 |
-0.5 |
-0.5 |
- |
|
Total Equity |
48.7 |
49.3 |
47.7 |
43.1 |
60.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
71.6 |
81.3 |
61.7 |
61.8 |
87.2 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
11.2 |
11.4 |
11.0 |
10.8 |
11.7 |
|
Total Common Shares Outstanding |
11.2 |
11.4 |
11.0 |
10.8 |
11.7 |
|
Treasury Shares - Common Stock Primary Issue |
0.5 |
0.3 |
0.7 |
0.9 |
0.0 |
|
Employees |
133 |
131 |
124 |
131 |
133 |
|
Number of Common Shareholders |
- |
1,833 |
1,652 |
2,331 |
2,211 |
|
Deferred Revenue - Current |
0.0 |
0.3 |
0.0 |
0.2 |
0.7 |
|
Total Long Term Debt, Supplemental |
1.3 |
1.5 |
- |
0.6 |
1.3 |
|
Long Term Debt Maturing within 1 Year |
0.1 |
1.5 |
- |
0.1 |
0.3 |
|
Long Term Debt Maturing in Year 2 |
0.3 |
0.0 |
- |
0.2 |
0.3 |
|
Long Term Debt Maturing in Year 3 |
0.3 |
0.0 |
- |
0.2 |
0.3 |
|
Long Term Debt Maturing in Year 4 |
0.3 |
0.0 |
- |
0.0 |
0.3 |
|
Long Term Debt Maturing in Year 5 |
0.3 |
0.0 |
- |
- |
0.1 |
|
Long Term Debt Maturing in 2-3 Years |
0.6 |
0.0 |
- |
0.4 |
0.6 |
|
Long Term Debt Maturing in 4-5 Years |
0.6 |
0.0 |
- |
0.0 |
0.4 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Total Operating Leases, Supplemental |
- |
- |
0.0 |
0.0 |
0.1 |
|
Operating Lease Payments Due in Year 1 |
- |
- |
0.0 |
0.0 |
0.0 |
|
Operating Lease Payments Due in Year 2 |
- |
- |
- |
0.0 |
0.0 |
|
Operating Lease Payments Due in Year 3 |
- |
- |
- |
- |
0.0 |
|
Operating Lease Payments Due in Year 4 |
- |
- |
- |
- |
0.0 |
|
Operating Lease Pymts. Due in 2-3 Years |
- |
- |
- |
0.0 |
0.1 |
|
Operating Lease Pymts. Due in 4-5 Years |
- |
- |
- |
- |
0.0 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
- |
- |
0.0 |
0.0 |
0.0 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
1.1 |
1.2 |
1.3 |
-1.9 |
6.1 |
|
Depreciation |
2.8 |
2.4 |
1.0 |
1.7 |
2.3 |
|
Depreciation/Depletion |
2.8 |
2.4 |
1.0 |
1.7 |
2.3 |
|
Amortization of Intangibles |
0.0 |
0.0 |
- |
0.2 |
0.3 |
|
Amortization |
0.0 |
0.0 |
- |
0.2 |
0.3 |
|
Deferred Taxes |
- |
- |
0.6 |
-1.4 |
-0.1 |
|
Unusual Items |
-4.3 |
0.5 |
-1.3 |
2.1 |
-1.4 |
|
Equity in Net Earnings (Loss) |
0.0 |
0.0 |
2.1 |
1.6 |
0.3 |
|
Other Non-Cash Items |
3.3 |
1.1 |
0.0 |
3.0 |
0.7 |
|
Non-Cash Items |
-1.0 |
1.6 |
0.9 |
6.8 |
-0.4 |
|
Accounts Receivable |
-0.7 |
-7.4 |
0.0 |
0.4 |
1.0 |
|
Inventories |
0.2 |
-3.0 |
0.7 |
0.2 |
-0.4 |
|
Prepaid Expenses |
0.0 |
-0.3 |
-0.1 |
0.5 |
-0.6 |
|
Other Assets |
- |
-0.5 |
- |
- |
- |
|
Accounts Payable |
0.0 |
8.8 |
1.1 |
-3.5 |
1.6 |
|
Accrued Expenses |
0.5 |
0.2 |
0.2 |
-0.6 |
0.0 |
|
Taxes Payable |
- |
- |
-0.3 |
-1.0 |
0.6 |
|
Other Liabilities |
-1.2 |
0.3 |
-0.9 |
-1.0 |
-0.4 |
|
Other Assets & Liabilities, Net |
- |
0.0 |
- |
- |
- |
|
Other Operating Cash Flow |
-1.1 |
0.1 |
- |
- |
- |
|
Changes in Working Capital |
-2.3 |
-1.8 |
0.6 |
-5.1 |
1.8 |
|
Cash from Operating Activities |
0.5 |
3.4 |
4.4 |
0.4 |
9.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-8.1 |
-4.0 |
-2.6 |
-3.6 |
-14.3 |
|
Purchase/Acquisition of Intangibles |
-0.1 |
-0.2 |
- |
- |
- |
|
Capital Expenditures |
-8.2 |
-4.2 |
-2.6 |
-3.6 |
-14.3 |
|
Sale of Fixed Assets |
0.0 |
0.3 |
0.2 |
0.0 |
1.4 |
|
Sale/Maturity of Investment |
36.7 |
13.8 |
14.0 |
20.2 |
25.8 |
|
Purchase of Investments |
-18.2 |
-13.7 |
-11.9 |
-18.1 |
-27.2 |
|
Other Investing Cash Flow |
-3.5 |
- |
0.1 |
0.9 |
-0.2 |
|
Other Investing Cash Flow Items, Total |
15.0 |
0.4 |
2.3 |
3.0 |
-0.1 |
|
Cash from Investing Activities |
6.8 |
-3.8 |
-0.3 |
-0.6 |
-14.4 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
2.7 |
0.9 |
- |
- |
- |
|
Financing Cash Flow Items |
2.7 |
0.9 |
- |
- |
- |
|
Cash Dividends Paid - Common |
-0.3 |
-0.6 |
-0.4 |
-1.4 |
-1.1 |
|
Total Cash Dividends Paid |
-0.3 |
-0.6 |
-0.4 |
-1.4 |
-1.1 |
|
Sale/Issuance of
Common |
- |
- |
- |
- |
1.6 |
|
Repurchase/Retirement
of Common |
-1.0 |
- |
- |
-1.7 |
- |
|
Common Stock, Net |
-1.0 |
- |
- |
-1.7 |
1.6 |
|
Issuance (Retirement) of Stock, Net |
-1.0 |
- |
- |
-1.7 |
1.6 |
|
Short Term Debt Issued |
385.7 |
219.0 |
139.9 |
99.2 |
104.1 |
|
Short Term Debt
Reduction |
-384.8 |
-217.3 |
-141.6 |
-97.7 |
-104.5 |
|
Short Term Debt, Net |
0.9 |
1.7 |
-1.7 |
1.4 |
-0.4 |
|
Long Term Debt Issued |
- |
- |
- |
0.9 |
2.5 |
|
Long Term Debt
Reduction |
- |
-1.1 |
-1.4 |
-0.3 |
-0.6 |
|
Long Term Debt, Net |
- |
-1.1 |
-1.4 |
0.6 |
1.9 |
|
Issuance (Retirement) of Debt, Net |
0.9 |
0.7 |
-3.1 |
2.0 |
1.4 |
|
Cash from Financing Activities |
2.2 |
0.9 |
-3.5 |
-1.0 |
1.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-0.1 |
- |
- |
- |
|
Net Change in Cash |
9.5 |
0.5 |
0.5 |
-1.3 |
-2.7 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
4.2 |
3.5 |
1.8 |
3.5 |
6.8 |
|
Net Cash - Ending Balance |
13.8 |
4.1 |
2.3 |
2.2 |
4.1 |
|
Cash Interest Paid |
0.7 |
0.4 |
- |
- |
- |
|
Cash Taxes Paid |
0.8 |
0.2 |
- |
- |
- |
Annual Income Statement
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Finished Products |
- |
- |
18.2 |
27.7 |
37.5 |
|
Merchandise Revenues |
- |
- |
11.3 |
13.7 |
19.7 |
|
Sales Revenue |
45.7 |
79.7 |
- |
- |
- |
|
Total Revenue |
45.7 |
79.7 |
29.5 |
41.4 |
57.2 |
|
|
|
|
|
|
|
|
Cost of Finish. Good |
- |
- |
15.0 |
23.6 |
31.1 |
|
Cost-Merchandise |
- |
- |
10.0 |
11.1 |
15.0 |
|
Costs of Goods and Services Sold |
41.8 |
71.9 |
- |
- |
- |
|
Salaries |
2.5 |
2.3 |
1.3 |
1.7 |
2.5 |
|
Retirement Allowance |
0.1 |
0.1 |
0.2 |
0.2 |
0.3 |
|
Other Payrolls |
- |
- |
- |
0.0 |
0.0 |
|
Employee Benefits |
0.2 |
0.6 |
0.1 |
0.2 |
0.3 |
|
Travel Expenses |
- |
- |
0.0 |
0.0 |
0.0 |
|
Communication Exp. |
- |
- |
0.0 |
0.0 |
0.0 |
|
Taxes and Dues |
- |
- |
0.1 |
0.1 |
0.1 |
|
Rental Expenses |
- |
- |
0.0 |
0.0 |
0.0 |
|
Repair Expenses |
- |
- |
0.0 |
0.0 |
0.0 |
|
Insurance Expenses |
- |
- |
0.0 |
0.0 |
0.0 |
|
Entertainment |
- |
- |
0.0 |
0.1 |
0.1 |
|
Advertising Expenses |
- |
- |
- |
0.0 |
0.0 |
|
Shipping/Handling |
- |
- |
0.0 |
0.1 |
0.1 |
|
Commissions Paid |
0.3 |
0.5 |
0.1 |
0.3 |
0.4 |
|
Amort. of Bad Debts |
0.7 |
- |
0.0 |
0.1 |
0.1 |
|
Vehicles Expense |
- |
- |
0.1 |
0.2 |
0.2 |
|
Printing Expense |
- |
- |
0.0 |
0.0 |
0.0 |
|
Packaging Expenses |
- |
- |
0.0 |
0.0 |
0.0 |
|
Consumable Expense |
- |
- |
0.0 |
0.0 |
0.1 |
|
Expense-Samples |
- |
- |
0.1 |
0.1 |
0.1 |
|
Other Exporting Exp |
0.3 |
0.4 |
0.2 |
0.3 |
0.3 |
|
Oversea Travel Expense |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Education & Training |
- |
- |
0.0 |
0.0 |
0.0 |
|
Service Expense |
0.1 |
0.1 |
0.0 |
0.0 |
- |
|
Depreciation Expense |
0.5 |
0.5 |
0.2 |
0.3 |
0.3 |
|
Stock Compensation |
- |
- |
- |
- |
0.0 |
|
Other Amort Intang |
- |
- |
- |
0.2 |
0.3 |
|
Other Selling and Administrative Expense |
1.1 |
1.6 |
- |
- |
- |
|
Adjustment for Selling and Administrativ |
0.0 |
- |
- |
- |
- |
|
Rental Income |
-0.7 |
-0.5 |
- |
- |
- |
|
Gain on Disposal of Property, Plant and |
0.0 |
0.0 |
- |
- |
- |
|
Gain on Disposal of Investment in Real E |
-7.2 |
- |
- |
- |
- |
|
Miscellaneous Income |
-0.1 |
-0.3 |
- |
- |
- |
|
Government Subsidy |
- |
0.0 |
- |
- |
- |
|
Reversal of Allowance for Doubtful Accou |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Other Operating Income |
0.0 |
0.0 |
- |
- |
- |
|
Donations Paid |
0.1 |
0.1 |
- |
- |
- |
|
Loss on Disposal of Trade Receivable |
0.0 |
0.0 |
- |
- |
- |
|
Other Allowance for Doubtful Accounts |
0.3 |
- |
- |
- |
- |
|
Impairment Loss on Investment Assets |
0.3 |
- |
- |
- |
- |
|
Impairment Loss on Intangible Assets |
- |
0.1 |
- |
- |
- |
|
Loss on Disposal of Property, Plant and |
2.1 |
0.0 |
- |
- |
- |
|
Miscellaneous Loss |
0.1 |
0.1 |
- |
- |
- |
|
Adjustment for Other Operating Expense |
0.0 |
0.0 |
- |
- |
- |
|
Total Operating Expense |
42.7 |
77.3 |
27.6 |
38.6 |
51.5 |
|
|
|
|
|
|
|
|
Interest Income |
0.4 |
0.7 |
0.5 |
0.7 |
0.9 |
|
Dividend Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rental Income |
- |
- |
0.2 |
0.2 |
0.3 |
|
Gain on Foreign Currency Transactions |
0.5 |
0.7 |
0.6 |
1.7 |
0.8 |
|
Gain on Foreign Currency Translations |
0.1 |
0.0 |
0.3 |
0.5 |
0.3 |
|
Gain-ST Marketable Sec. Valuation |
- |
- |
0.4 |
0.0 |
0.6 |
|
Gain on Valuation of ST Financial Assets |
0.1 |
0.1 |
- |
- |
- |
|
Gain-Disposal of ST Marketable Sec. |
- |
- |
0.9 |
0.3 |
- |
|
Gain on Disposal of ST Financial Assets |
0.4 |
0.2 |
- |
- |
- |
|
Gain on Disposal of LT Financial Assets |
0.0 |
- |
- |
- |
- |
|
Gain-Disposal of Tangible Assets |
- |
- |
0.0 |
0.0 |
0.8 |
|
Gain-Disposal of Other Non-Current Asset |
- |
- |
- |
0.0 |
- |
|
G-Tang Asst Disposal |
- |
- |
- |
- |
0.4 |
|
Other Non-Op. Income |
- |
- |
0.1 |
0.3 |
0.4 |
|
Interest Expenses |
-0.7 |
-0.4 |
-0.3 |
-0.6 |
-0.4 |
|
Donations Paid |
- |
- |
-0.1 |
-0.1 |
-0.1 |
|
Loss on Foreign Currency Transactions |
-0.3 |
-0.9 |
-0.2 |
-0.9 |
-0.5 |
|
Loss on Foreign Currency Translations |
-0.1 |
-0.2 |
-0.2 |
-3.0 |
-0.3 |
|
L-ST Mkt Secs Valuatn |
- |
- |
0.0 |
-2.1 |
-0.5 |
|
Loss on Valuation of ST Financial Assets |
-0.2 |
-0.2 |
- |
- |
- |
|
L-ST Mkt Secs Disposal |
- |
- |
0.0 |
-0.3 |
0.0 |
|
Loss on Disposal of ST Financial Assets |
-0.1 |
-0.2 |
- |
- |
- |
|
L-Tang.Asst Disposal |
- |
- |
0.0 |
0.0 |
0.0 |
|
Loss-Disposal of Sec Available-Sale |
- |
- |
0.0 |
-0.1 |
0.0 |
|
Loss on Valuation of Derivatives |
- |
0.0 |
- |
- |
- |
|
Loss on Derivative Transaction |
-0.6 |
- |
- |
- |
- |
|
L-Trade Rcv Disposal |
- |
- |
0.0 |
0.0 |
0.0 |
|
Other Non-Op Expense |
- |
- |
0.0 |
0.0 |
0.0 |
|
Losses on Valuation of Equity Method Sec |
- |
- |
-2.1 |
-1.6 |
-0.3 |
|
Gain/Loss on Investments in Affiliates |
0.0 |
-0.1 |
- |
- |
- |
|
Loss Disposal of Investments in Affiliat |
-0.1 |
- |
- |
- |
- |
|
Loss Disposal of Investments in Subsidia |
-0.6 |
- |
- |
- |
- |
|
Adjustment for Finance Income |
0.0 |
- |
- |
- |
- |
|
Adjustment for Finance Expense |
- |
0.0 |
- |
- |
- |
|
Net Income Before Taxes |
1.9 |
2.0 |
2.0 |
-2.1 |
8.1 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
0.9 |
0.8 |
0.6 |
-0.2 |
2.1 |
|
Net Income After Taxes |
1.1 |
1.2 |
1.3 |
-1.9 |
6.1 |
|
|
|
|
|
|
|
|
Minority Interest |
- |
- |
- |
0.0 |
0.0 |
|
Net Income Before Extra. Items |
1.1 |
1.2 |
1.3 |
-1.9 |
6.1 |
|
Net Income |
1.1 |
1.2 |
1.3 |
-1.9 |
6.1 |
|
|
|
|
|
|
|
|
Income Available to Com Excl E |
1.1 |
1.2 |
1.3 |
-1.9 |
6.1 |
|
|
|
|
|
|
|
|
Income Available to Com Incl E |
1.1 |
1.2 |
1.3 |
-1.9 |
6.1 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
11.3 |
11.3 |
10.9 |
11.5 |
11.3 |
|
Basic EPS Excluding ExtraOrdin |
0.09 |
0.11 |
0.12 |
-0.16 |
0.54 |
|
Basic EPS Including ExtraOrdin |
0.09 |
0.11 |
0.12 |
-0.16 |
0.54 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
1.1 |
1.2 |
1.3 |
-1.9 |
6.1 |
|
Diluted Weighted Average Share |
11.3 |
11.3 |
10.9 |
11.5 |
11.3 |
|
Diluted EPS Excluding ExtraOrd |
0.09 |
0.11 |
0.12 |
-0.16 |
0.54 |
|
Diluted EPS Including ExtraOrd |
0.09 |
0.11 |
0.12 |
-0.16 |
0.54 |
|
DPS-Common Stock |
0.06 |
0.03 |
0.05 |
0.05 |
0.14 |
|
Gross Dividends - Common Stock |
0.7 |
0.3 |
0.5 |
0.5 |
1.6 |
|
Normalized Income Before Taxes |
4.3 |
2.0 |
2.0 |
-1.9 |
7.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex. Impact of Sp Items |
2.0 |
0.8 |
0.6 |
-0.2 |
1.8 |
|
Normalized Income After Taxes |
2.4 |
1.2 |
1.3 |
-1.7 |
5.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
2.4 |
1.2 |
1.3 |
-1.7 |
5.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.21 |
0.11 |
0.12 |
-0.15 |
0.47 |
|
Diluted Normalized EPS |
0.21 |
0.11 |
0.12 |
-0.15 |
0.47 |
|
Interest Expense |
0.7 |
0.4 |
0.3 |
0.6 |
0.4 |
|
Depreciation |
2.8 |
2.4 |
1.0 |
1.7 |
2.3 |
|
Amort of Intangibles, Suppleme |
0.0 |
0.0 |
- |
0.0 |
0.1 |
|
Amort of Acquisition Costs, Su |
- |
- |
- |
0.2 |
0.2 |
|
R & D Expense |
- |
- |
- |
- |
2.0 |
|
Advertising Expense |
- |
- |
- |
0.0 |
0.0 |
|
Rental Expense |
- |
- |
0.0 |
0.0 |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
Sungshin Accounting
Corp. |
Sungshin
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Cash Equivalents |
13.2 |
4.1 |
2.6 |
1.8 |
4.1 |
|
Government Subsidy for Cash&Equipments |
- |
- |
-0.1 |
- |
- |
|
Current Financial Instruments |
3.8 |
5.0 |
5.2 |
5.7 |
7.0 |
|
Current Trading Securities |
3.2 |
10.6 |
9.1 |
9.1 |
18.9 |
|
Trade Receivable, Gross |
8.8 |
10.9 |
6.0 |
6.4 |
8.6 |
|
Allw-Doubtful Ac |
-0.8 |
-0.3 |
-0.2 |
-0.2 |
-0.2 |
|
Account Receivables |
0.8 |
4.7 |
0.2 |
0.1 |
0.4 |
|
Accrued Income |
0.1 |
0.1 |
0.1 |
0.2 |
0.2 |
|
Prepaid Value Added Taxes |
0.6 |
0.6 |
0.4 |
0.4 |
1.0 |
|
Advance Payments |
0.2 |
0.6 |
1.1 |
0.7 |
0.9 |
|
Prepaid Expenses |
0.3 |
0.2 |
0.0 |
0.0 |
0.1 |
|
Prepaid Inc Tax |
- |
- |
- |
0.0 |
0.0 |
|
Prepaid Tariffs |
0.1 |
0.1 |
- |
- |
- |
|
Loans |
2.1 |
1.1 |
0.5 |
0.5 |
1.0 |
|
Allowance for Doubtful Accounts for Loan |
-0.3 |
- |
- |
- |
- |
|
Current Derivative Assets |
- |
0.0 |
- |
- |
- |
|
Guarantee Deposits, Current Assets |
0.0 |
0.0 |
- |
- |
- |
|
Deferred Income Taxes-Debit, Current |
- |
- |
- |
0.7 |
- |
|
Finished Goods |
1.7 |
1.5 |
0.9 |
2.2 |
2.2 |
|
Goods in Transit |
0.3 |
1.2 |
0.2 |
0.2 |
0.6 |
|
Merchandise |
0.7 |
2.9 |
0.7 |
1.0 |
1.8 |
|
Work in Progress |
0.8 |
0.9 |
0.4 |
0.5 |
0.7 |
|
Raw Materials |
1.9 |
1.9 |
0.9 |
1.3 |
1.8 |
|
Supplemental Raw Materials |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Adjustment for Current Financial Assets |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Trade & Other Receivables |
0.0 |
- |
- |
- |
- |
|
Adjustment for Other Current Assets |
0.0 |
- |
- |
- |
- |
|
Adjustment for Inventories |
0.0 |
0.0 |
- |
- |
- |
|
Total Current Assets |
37.5 |
46.3 |
28.1 |
30.6 |
49.2 |
|
|
|
|
|
|
|
|
Secs under Equity Method |
- |
- |
9.4 |
7.9 |
5.4 |
|
Investment in Affiliates |
0.2 |
0.1 |
- |
- |
- |
|
Non-Current Financial Instruments |
0.2 |
0.1 |
0.1 |
0.2 |
0.3 |
|
Non-Current Securities Available-for-Sal |
0.8 |
1.3 |
1.8 |
1.9 |
2.9 |
|
Loans |
0.4 |
0.3 |
0.3 |
0.3 |
0.4 |
|
Guarantee Deposits, Non-Current Assets |
0.2 |
0.0 |
0.1 |
0.1 |
0.3 |
|
Dfrd Taxes |
- |
- |
0.0 |
- |
- |
|
Investment in Properties |
3.1 |
8.8 |
- |
- |
- |
|
Lands |
7.0 |
5.5 |
10.8 |
10.0 |
13.4 |
|
Buildings |
5.5 |
4.4 |
6.1 |
5.7 |
7.6 |
|
Buildings-Depreciation |
-1.2 |
-1.0 |
-1.0 |
-0.8 |
-0.9 |
|
Attach to Bldg |
0.9 |
0.8 |
0.7 |
0.6 |
0.8 |
|
Deprec-Attach |
-0.6 |
-0.5 |
-0.5 |
-0.4 |
-0.5 |
|
Attachment to Buildings-Government Subsi |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Structures |
0.1 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Structures-Depreciation |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Machineries & Equipments |
32.5 |
27.1 |
14.2 |
12.9 |
17.9 |
|
Machineries & Equipments-Depreciation |
-17.8 |
-16.7 |
-10.7 |
-11.3 |
-16.4 |
|
Machineries & Equipments-Government Subs |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Vehicles |
0.5 |
0.6 |
0.3 |
0.3 |
0.5 |
|
Vehicles-Depreciation |
-0.4 |
-0.3 |
-0.2 |
-0.1 |
-0.1 |
|
Tools & Equipments |
4.1 |
5.7 |
1.2 |
1.7 |
2.5 |
|
Tools & Equipments-Depreciation |
-3.5 |
-4.9 |
-1.0 |
-1.4 |
-1.9 |
|
Tools & Equipments-Government Subsidy |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Fixtures |
0.5 |
0.5 |
0.7 |
0.6 |
0.8 |
|
Fixtures-Depreciation |
-0.4 |
-0.4 |
-0.6 |
-0.5 |
-0.6 |
|
Fixtures-Government Subsidy |
0.0 |
0.0 |
0.0 |
- |
- |
|
Moldings |
- |
- |
- |
6.8 |
8.6 |
|
Depr Moldings |
- |
- |
- |
-5.9 |
-7.2 |
|
Mach.In Transit |
1.6 |
2.6 |
2.0 |
1.7 |
3.1 |
|
Construction in Progress |
- |
0.5 |
0.0 |
0.2 |
- |
|
Goodwill |
- |
- |
- |
0.8 |
1.2 |
|
Industrial Property Rights |
- |
0.0 |
- |
0.0 |
0.0 |
|
Software |
0.0 |
0.0 |
- |
- |
- |
|
Membership Rights |
0.0 |
0.0 |
- |
- |
- |
|
Other Intangible Assets |
0.5 |
0.5 |
- |
- |
- |
|
Adjustment for Non-Current Financial Ass |
- |
0.0 |
- |
- |
- |
|
Adjustment for Non-Current Trade & Other |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Property, Plant & Equipme |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Intangible Assets |
- |
- |
- |
- |
- |
|
Total Assets |
71.6 |
81.3 |
61.7 |
61.8 |
87.2 |
|
|
|
|
|
|
|
|
Trade Payables |
4.5 |
11.4 |
3.5 |
3.2 |
8.1 |
|
Accounts Payable |
1.3 |
5.2 |
0.3 |
0.1 |
0.6 |
|
Current Borrowings |
12.8 |
11.0 |
6.3 |
6.4 |
5.6 |
|
ST Brrw Currency |
- |
- |
1.0 |
3.1 |
4.0 |
|
Current Portion of Long-term Liabilities |
0.1 |
1.5 |
- |
0.1 |
0.3 |
|
Advance from Customers |
0.0 |
0.3 |
0.0 |
0.0 |
0.4 |
|
Deposit Withheld |
0.3 |
0.1 |
0.1 |
0.2 |
0.3 |
|
Unearned Income |
- |
- |
0.0 |
- |
- |
|
Accrued Expenses |
1.6 |
1.0 |
0.5 |
0.4 |
1.2 |
|
Deferred Income Tax Credits |
- |
- |
0.1 |
- |
0.5 |
|
Current Tax Liabilities |
0.5 |
0.3 |
0.0 |
0.4 |
1.7 |
|
Rental Guarantee Deposits, Current Liabi |
0.3 |
0.3 |
- |
- |
- |
|
LT Foreign Currency Liabilities, Current |
- |
- |
0.8 |
1.1 |
- |
|
Adjustment for Current Trade & Other Pay |
0.0 |
- |
- |
- |
- |
|
Adjustment for Other Current Liabilities |
0.0 |
0.0 |
- |
- |
- |
|
Total Current Liability |
21.3 |
31.1 |
12.7 |
15.0 |
22.5 |
|
|
|
|
|
|
|
|
Non-Current Borrowings |
1.2 |
0.1 |
- |
0.4 |
0.8 |
|
LT Borrowings in Foreign Currency |
- |
- |
1.1 |
2.3 |
1.8 |
|
Total Long Term Debt |
1.2 |
0.1 |
1.1 |
2.7 |
2.6 |
|
|
|
|
|
|
|
|
Other Non-Current Liabilities |
- |
0.1 |
0.1 |
0.1 |
- |
|
Deferred Income Taxes, Non-Current Liabi |
0.2 |
0.4 |
- |
0.2 |
0.5 |
|
Retirement & Severance Benefits, Non-Cur |
0.2 |
0.3 |
0.2 |
0.7 |
1.0 |
|
Deposit-Retirement Insurance |
- |
- |
-0.2 |
- |
- |
|
Non-Current Trade & Other Payables |
0.0 |
0.0 |
- |
- |
- |
|
Total Liabilities |
22.9 |
32.0 |
14.0 |
18.7 |
26.6 |
|
|
|
|
|
|
|
|
Common Stock |
5.3 |
5.4 |
5.2 |
4.8 |
6.5 |
|
Additional Paid in Capital |
15.3 |
15.5 |
15.1 |
14.0 |
18.8 |
|
Reserve for Assets Revaluation |
3.9 |
3.9 |
- |
- |
- |
|
Other Capital Surplus |
0.9 |
0.9 |
4.6 |
4.1 |
4.9 |
|
Gains on Disposal of Treasury Stock |
0.8 |
0.8 |
- |
- |
- |
|
Retained Earning Carried Forward |
- |
- |
1.6 |
-1.6 |
6.0 |
|
Other Capital Adjustment |
- |
- |
-0.5 |
-0.5 |
- |
|
Legal Reserve |
- |
- |
2.7 |
2.4 |
3.1 |
|
Voluntary Reserve |
- |
- |
18.1 |
19.0 |
21.4 |
|
Retained Earnings or Accumulated Deficit |
24.2 |
23.8 |
- |
- |
- |
|
Treasury Stock |
-1.5 |
-0.6 |
-1.2 |
-1.5 |
- |
|
Value-Secs under Equity Method |
- |
- |
- |
- |
-0.3 |
|
Stock Options |
- |
- |
- |
0.1 |
0.2 |
|
Other Capital Adjustment |
-0.5 |
-0.5 |
- |
- |
- |
|
Loss-Valu. of Sec. Available for Sale |
- |
- |
- |
0.0 |
0.0 |
|
Gain on Valuation of Securities Availabl |
0.1 |
0.1 |
0.0 |
- |
- |
|
Capital Change, Equity Method |
0.0 |
- |
2.1 |
2.2 |
- |
|
Overseas Business Translation Credit/Deb |
0.4 |
0.0 |
- |
- |
- |
|
Adjustment for Capital Surplus |
- |
- |
- |
- |
- |
|
Adjustment for Capital Adjustment |
- |
- |
- |
- |
- |
|
Adjustment for Accumulated Other Compreh |
0.0 |
0.0 |
- |
- |
- |
|
Total Equity |
48.7 |
49.3 |
47.7 |
43.1 |
60.6 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholde |
71.6 |
81.3 |
61.7 |
61.8 |
87.2 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
11.2 |
11.4 |
11.0 |
10.8 |
11.7 |
|
Total Common Shares Outstandin |
11.2 |
11.4 |
11.0 |
10.8 |
11.7 |
|
T/S-Common Stock |
0.5 |
0.3 |
0.7 |
0.9 |
0.0 |
|
Deferred Revenue, Current |
0.0 |
0.3 |
0.0 |
0.2 |
0.7 |
|
Full-Time Employees |
133 |
131 |
124 |
131 |
133 |
|
Number of Common Shareholders |
- |
1,833 |
1,652 |
2,331 |
2,211 |
|
Long Term Debt Maturing within 1 Year |
0.1 |
1.5 |
- |
0.1 |
0.3 |
|
Long Term Debt Maturing in Year 2 |
- |
- |
- |
0.2 |
0.3 |
|
Long Term Debt Maturing in Year 3 |
- |
- |
- |
0.2 |
0.3 |
|
Long Term Debt Maturing in Year 4 |
- |
- |
- |
0.0 |
0.3 |
|
Long Term Debt Maturing in Year 5 |
1.2 |
0.1 |
- |
- |
0.1 |
|
Total Long Term Debt, Supplemental |
1.3 |
1.5 |
- |
0.6 |
1.3 |
|
Operating Lease Pymts. Due within 1 Year |
- |
- |
0.0 |
0.0 |
0.0 |
|
Operating Lease Payments Due in Year 2 |
- |
- |
- |
0.0 |
0.0 |
|
Operating Lease Payments Due in Year 3 |
- |
- |
- |
- |
0.0 |
|
Operating Lease Payments Due in Year 4 |
- |
- |
- |
- |
0.0 |
|
Total Operating Leases |
- |
- |
0.0 |
0.0 |
0.1 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
Sungshin Accounting
Corp. |
Sungshin
Accounting Corp. |
Sungshin
Accounting Corp. |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
1.1 |
1.2 |
1.3 |
-1.9 |
6.1 |
|
Depreciation |
2.8 |
2.4 |
1.0 |
1.7 |
2.3 |
|
Amortization of Intangible Assets |
0.0 |
0.0 |
- |
0.2 |
0.3 |
|
Depreciation of Investment Properties |
0.2 |
0.1 |
- |
- |
- |
|
Expense of Allowance for Doubtful Accoun |
0.7 |
- |
0.0 |
0.0 |
0.1 |
|
Expenses of Allowance for Other Doubtful |
0.3 |
- |
- |
- |
- |
|
L-For Exch Translatn |
0.1 |
0.2 |
0.1 |
3.0 |
0.3 |
|
Retirement Allowance |
0.4 |
0.3 |
0.3 |
0.5 |
0.8 |
|
Government Subsidy for Development Cost |
- |
- |
-0.1 |
- |
- |
|
L-ST Mkt Secs Valuation |
- |
- |
0.0 |
0.3 |
0.0 |
|
Stock Compensation |
- |
- |
- |
- |
0.0 |
|
Loss on Derivatives Transaction |
0.6 |
- |
- |
- |
- |
|
Loss on Valuation of Derivative Financia |
- |
0.0 |
- |
- |
- |
|
L-ST Mkt Secs Disposal |
- |
- |
0.0 |
2.1 |
0.5 |
|
Loss on Disposal of Property, Plant and |
0.2 |
- |
0.0 |
0.0 |
0.0 |
|
Loss on Disposal of Investment Propertie |
1.9 |
- |
- |
- |
- |
|
Impairment Loss on Intangible Assets |
- |
0.1 |
- |
- |
- |
|
L-Equity Method Valu |
- |
- |
2.1 |
1.6 |
0.3 |
|
Loss on Disposal of Investment in Affili |
0.1 |
- |
- |
- |
- |
|
Loss on Disposal of Investment in Subsid |
0.6 |
0.3 |
- |
- |
- |
|
Loss on Disposal of Trade Receivables |
0.0 |
- |
- |
0.0 |
0.0 |
|
Loss-Disposal of Sec. Available-for-Sale |
- |
- |
0.0 |
0.1 |
0.0 |
|
Loss on Disposal of Current Financial As |
0.1 |
0.2 |
- |
- |
- |
|
Loss on Valuation of Current Financial A |
0.2 |
0.2 |
- |
- |
- |
|
Impairment Losses on Investment Securiti |
0.3 |
- |
- |
- |
- |
|
Consumable Goods-Secs. for Sale |
- |
- |
- |
0.0 |
0.0 |
|
Taxes Related to Shareholder's Equity ON |
- |
- |
- |
0.0 |
-0.2 |
|
Interest Expenses |
0.7 |
0.4 |
- |
- |
- |
|
Corporate Taxes Expense |
0.9 |
0.8 |
- |
- |
- |
|
Interest Income |
-0.4 |
-0.7 |
- |
- |
- |
|
Dividend Income |
0.0 |
0.0 |
- |
- |
- |
|
G-For Exch Translatn |
-0.1 |
0.0 |
-0.3 |
-0.5 |
-0.3 |
|
Recovery of Allowance for Doubtful Accou |
0.0 |
0.0 |
- |
- |
0.0 |
|
G-ST Mkt Secs Disposal |
- |
- |
-0.9 |
-0.3 |
-0.4 |
|
Gain on Disposal of Current Financial As |
-0.4 |
-0.2 |
- |
- |
- |
|
Gain on Valuation of Current Financial A |
-0.1 |
-0.1 |
- |
- |
- |
|
G-ST MKt Secs Valuation |
- |
- |
-0.4 |
0.0 |
-0.6 |
|
Gain on Disposal of Non-Current Financia |
0.0 |
- |
- |
- |
- |
|
Gain on Disposal of Property, Plant and |
0.0 |
- |
0.0 |
0.0 |
-0.8 |
|
Gain on Disposal of Investment Assets |
-7.2 |
- |
- |
- |
- |
|
Gain-Disposal of LT Assets |
- |
- |
- |
0.0 |
- |
|
Taxes Related to Shareholder's Equity |
- |
- |
0.0 |
- |
- |
|
Gain/Loss under Equity Method in Affilia |
0.0 |
0.0 |
- |
- |
- |
|
Trade Receivables |
-0.3 |
-3.0 |
-0.1 |
0.2 |
0.9 |
|
Account Receivables |
-0.4 |
-4.4 |
0.0 |
0.2 |
0.1 |
|
Accrued Income |
- |
- |
0.0 |
0.0 |
-0.1 |
|
Advance Payments |
0.2 |
-0.2 |
-0.5 |
0.0 |
-0.7 |
|
Prepaid Expenses |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxes-Asset |
- |
- |
0.7 |
-0.8 |
0.1 |
|
Prepaid Taxes |
- |
- |
- |
0.0 |
0.0 |
|
Prepaid Value Added Taxes |
- |
- |
0.0 |
0.5 |
-0.6 |
|
VAT Transfer-Paid Amount |
-0.1 |
-0.1 |
- |
- |
- |
|
Tariff Advance Payments |
0.1 |
-0.1 |
- |
- |
- |
|
Inventory |
-0.1 |
-2.7 |
1.2 |
0.2 |
0.3 |
|
Current Loans |
- |
-0.5 |
- |
- |
- |
|
Trade Payables |
-0.6 |
4.9 |
0.9 |
-3.0 |
1.2 |
|
Other Payables |
0.6 |
3.8 |
0.2 |
-0.4 |
0.4 |
|
Advance from Customers |
-0.7 |
0.1 |
0.0 |
-0.3 |
0.4 |
|
Unearned Income |
- |
0.0 |
0.0 |
- |
- |
|
Withholdings |
0.2 |
0.0 |
-0.1 |
-0.2 |
-0.1 |
|
Accrued Expenses |
0.5 |
0.2 |
0.2 |
-0.6 |
0.0 |
|
Accrued Inc Tax |
- |
- |
-0.3 |
-1.0 |
0.6 |
|
Rental Guarantee Depsits |
0.0 |
- |
- |
- |
- |
|
Other Current Liabilities |
- |
- |
- |
0.1 |
- |
|
Current Portion of Long-Term Liabilities |
- |
0.4 |
- |
- |
- |
|
Other Non-Current Liabilities |
-0.1 |
0.0 |
- |
- |
- |
|
Deferred Taxes-Liab. |
- |
- |
-0.1 |
-0.6 |
-0.2 |
|
Payment for Retirement Allowance |
-0.3 |
-0.1 |
-1.9 |
-0.3 |
-0.3 |
|
Deposits for Retirement Insurance |
-0.2 |
- |
1.0 |
-0.2 |
-0.3 |
|
Nation Pension Fnd |
- |
- |
0.0 |
- |
- |
|
Plan Assets |
-0.2 |
-0.2 |
- |
- |
- |
|
Cash-Interest Received |
0.4 |
0.7 |
- |
- |
- |
|
Cash-Interest Paid |
-0.7 |
-0.4 |
- |
- |
- |
|
Cash-Dividend Income |
0.0 |
0.0 |
- |
- |
- |
|
Cash-Tax Paid |
-0.8 |
-0.2 |
- |
- |
- |
|
Adjustment for Non-Cash Items |
0.0 |
- |
- |
- |
- |
|
Adjustment for Operating Assets & Liabil |
- |
0.0 |
- |
- |
- |
|
Cash from Operating Activities |
0.5 |
3.4 |
4.4 |
0.4 |
9.9 |
|
|
|
|
|
|
|
|
Increase-Government Subsidy |
- |
- |
0.1 |
0.3 |
0.0 |
|
Dec-Guarantee Dep |
- |
- |
0.0 |
0.3 |
0.0 |
|
Dec-ST Loans |
- |
- |
0.5 |
0.7 |
0.7 |
|
Decrease in Trade Receivables&Other Rece |
0.7 |
- |
- |
- |
- |
|
Disposal of Current Financial Assets |
25.0 |
13.8 |
5.8 |
6.8 |
6.0 |
|
Disposal of Non-Current Financial Instru |
0.2 |
0.1 |
- |
0.2 |
0.5 |
|
Dec-ST Marketable Secs |
- |
- |
7.2 |
12.3 |
16.4 |
|
Disp-LT Securities Available-for-Sale |
- |
- |
0.5 |
0.9 |
0.0 |
|
Disposal of Investment Properties |
11.1 |
- |
- |
- |
- |
|
Disposal of Investment in Affiliates |
0.2 |
- |
- |
- |
- |
|
Disposal of Investment in Subsidiaries |
0.1 |
- |
- |
- |
- |
|
Disposal-Treasury Stock |
- |
- |
0.5 |
- |
2.8 |
|
Dec-LT Loans |
- |
- |
- |
- |
0.8 |
|
Disposal of Property, Plant and Equipmen |
0.0 |
0.3 |
- |
- |
- |
|
Disposal-Land |
- |
- |
- |
- |
0.4 |
|
Disposal-Buildings |
- |
- |
- |
- |
0.9 |
|
Disposal-Building Attachments |
- |
- |
- |
- |
0.0 |
|
Disp-Machinery |
- |
- |
- |
0.0 |
0.0 |
|
Disp-Vehicles |
- |
- |
0.0 |
0.0 |
0.0 |
|
Disposal-Construction in Progress |
- |
- |
0.1 |
- |
- |
|
Disposal-Tools & Supplies |
- |
- |
- |
0.0 |
0.0 |
|
Disp-Fixtures |
- |
- |
- |
0.0 |
0.0 |
|
Inc-ST Marketable Sec |
- |
- |
-5.7 |
-8.6 |
-17.2 |
|
Purchase of Current Financial Assets |
-16.8 |
-13.6 |
-5.4 |
-7.2 |
-8.6 |
|
Purchase of Non-Current Financial Assets |
-0.5 |
0.0 |
-0.1 |
-0.3 |
-0.4 |
|
Acq-Secs avail. for Sale |
- |
- |
-0.5 |
-0.6 |
-0.6 |
|
Increase-Securities under Equity Method |
- |
- |
-0.3 |
-1.3 |
-0.4 |
|
Purchase of Investment Properties |
- |
0.0 |
- |
- |
- |
|
Purchase of Investment in Subsidiaries |
-1.0 |
- |
- |
- |
- |
|
Inc-ST Loans |
- |
- |
-0.6 |
-0.4 |
-1.3 |
|
Increase-LT Loans |
- |
- |
- |
0.0 |
-0.4 |
|
Inc-Guarantee Dep |
- |
- |
- |
0.0 |
0.0 |
|
Increase in Non-Current Trade&Other Rece |
-2.1 |
- |
- |
- |
- |
|
Purchase of Property, Plant and Equipmen |
-8.1 |
-4.0 |
- |
- |
- |
|
Acq-Land |
- |
- |
- |
0.0 |
-6.0 |
|
Acq-Building |
- |
- |
- |
0.0 |
-2.0 |
|
Acq-Building Parts |
- |
- |
0.0 |
0.0 |
-0.1 |
|
Acq-Structure |
- |
- |
0.0 |
- |
- |
|
Acq-Machinery |
- |
- |
-0.1 |
-0.3 |
-0.2 |
|
Acq-Vehicles |
- |
- |
0.0 |
0.0 |
-0.2 |
|
Acq-Tools/Equipmt |
- |
- |
0.0 |
-0.1 |
0.0 |
|
Acq-Fixtures |
- |
- |
0.0 |
-0.1 |
-0.1 |
|
Acq-Moldings |
- |
- |
- |
-0.1 |
-0.1 |
|
Acq-Mach. In Transit |
- |
- |
-2.4 |
-2.5 |
-5.4 |
|
Decrease-Government Subsidy |
- |
- |
- |
-0.1 |
- |
|
Acq-Construction in Progress |
- |
- |
0.0 |
-0.2 |
-0.1 |
|
Purchase of Intangible Assets |
-0.1 |
-0.2 |
- |
- |
- |
|
Cash Flow from Consolidation Scope Chang |
-2.1 |
- |
- |
- |
- |
|
Cash from Investing Activities |
6.8 |
-3.8 |
-0.3 |
-0.6 |
-14.4 |
|
|
|
|
|
|
|
|
Increase in Current Borrowings |
385.7 |
219.0 |
138.7 |
94.5 |
71.7 |
|
Inc-ForCurr ST Brrw |
- |
- |
1.2 |
4.7 |
32.3 |
|
Increase-Foreign Currency LT Borrowings |
- |
- |
- |
0.9 |
1.7 |
|
Inc-LT Borrowing |
- |
- |
- |
- |
0.8 |
|
Increase-Common Stock |
- |
- |
- |
- |
1.6 |
|
Increase in Non-Current Financial Liabil |
1.3 |
- |
- |
- |
- |
|
Increase in Trade Payables and Other Cur |
- |
0.2 |
- |
- |
- |
|
Decrease in Current Borrowings |
-384.8 |
-217.3 |
-138.6 |
-91.9 |
-70.8 |
|
Dec-ForCurr ST Brrw |
- |
- |
-3.0 |
-5.8 |
-33.7 |
|
Dec-Curr FC LT Brrw |
- |
- |
-0.3 |
- |
- |
|
Decrease in Non-Current Borrowings |
- |
-1.1 |
- |
-0.1 |
-0.4 |
|
Dec-Current Portion of LT Liabilities |
- |
- |
-1.1 |
-0.2 |
-0.2 |
|
Payment-Dividends |
-0.3 |
-0.6 |
-0.4 |
-1.4 |
-1.1 |
|
Increase in Treasury Stocks |
-1.0 |
- |
- |
-1.7 |
- |
|
Subsidiaries' Capital Increase |
1.4 |
- |
- |
- |
- |
|
Disposal of Investment Stock in Parent |
- |
0.7 |
- |
- |
- |
|
Cash from Financing Activities |
2.2 |
0.9 |
-3.5 |
-1.0 |
1.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-0.1 |
- |
- |
- |
|
Net Change in Cash |
9.5 |
0.5 |
0.5 |
-1.3 |
-2.7 |
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning |
4.2 |
3.5 |
1.8 |
3.5 |
6.8 |
|
Cash and Cash Equivalents at End |
13.8 |
4.1 |
2.3 |
2.2 |
4.1 |
|
Cash Interest Paid |
0.7 |
0.4 |
- |
- |
- |
|
Cash Taxes Paid |
0.8 |
0.2 |
- |
- |
- |
Financial
Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual
Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.77 |
|
UK Pound |
1 |
Rs.81.57 |
|
Euro |
1 |
Rs.70.68 |
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.