MIRA INFORM REPORT
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Report Date : |
03.05.2013 |
IDENTIFICATION DETAILS
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Name : |
ORIENTAL PRECISION & ENGINEERING CO LTD. |
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Registered Office : |
1614-1, Songjeong-Dong, Gangseo-Gu, Busan,
618819 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
19.07.1980 |
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Legal Form : |
Public Parent |
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Line of Business : |
Engaged in the manufacture and sale of shipping superstructures and
shipping machineries |
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No. of Employees : |
435 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – March 31st, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 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
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Source : CIA |
Company
name and address
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Oriental Precision & Engineering Co
Ltd. |
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Employees: |
435 |
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Company Type: |
Public Parent |
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Corporate
Family: |
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Traded: |
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Incorporation
Date: |
19-Jul-1980 |
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Auditor: |
Sahmgyung Accounting Corp. |
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Fiscal Year End: |
31-Dec-2012 |
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Reporting
Currency: |
South Korean Won |
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Annual Sales: |
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Net Income: |
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Total Assets: |
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Market Value: |
335.3 |
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(19-Apr-2013) |
Business Description
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ORIENTAL PRECISION & ENGINEERING
CO.,LTD is a Korea-based company engaged in the manufacture and sale of shipping
superstructures and shipping machineries. The Company operates in two
segments. Its shipping superstructure segment mainly offers deck houses,
engine room casings, funnels, hull blocks and offshore structures such as
heavy cargo carriers, floating docks, hopper barges and others. Its shipping
machinery segment mainly offers cranes, such as deck cranes, hose handling
cranes, provision cranes, knuckle cranes, monorail cranes and gantry cranes;
davits, such as life boat davits and free-fall davits, as well as moorings
and winches. The Company distributes its products within domestic market and
to overseas markets, including Japan, China and Europe. For the fiscal year
ended 31 December 2012, Oriental Precision & Engineering Co Ltd. revenues
decreased 29% to W254.8B. Net loss before extraordinary items increased from
W57.05B to W114.51B. Revenues reflect Shipbuilding segment decrease of 49% to
W175.98B, Machinery segment decrease of 33% to W104.72B, South Korea segment
decrease of 43% to W194.03B, China segment decrease of 60% to W28.84B, Other
Foreign segment decrease of 56% to W31.65B |
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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UK SIC 2003: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
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Significant Developments
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Financial Summary |
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Stock Snapshot |
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1 - Profit & Loss Item Exchange Rate: USD 1 = KRW 1126.849
2 - Balance Sheet Item Exchange Rate: USD 1 = KRW 1066.4
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Business
Description |
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More Business
Descriptions |
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Ship and Boat Building
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Corporate Family |
Corporate Structure News: |
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Oriental Precision & Engineering Co Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Busan |
Korea, Republic of |
Construction Services |
226.1 |
435 |
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Subsidiary |
Yantai, Shandong |
China |
Construction - Supplies and Fixtures |
10.7 |
500 |
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Oriental
Precision & Engineering Co Ltd.
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Annual Income Statement
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Financials in: USD (mil) |
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|
Except for share items (millions) and per
share items (actual units) |
|
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|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
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UpdateType/Date |
Updated Normal |
Restated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
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Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1126.848795 |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
|
Auditor |
Sahmgyung
Accounting Corp. |
Sahmgyung Accounting
Corp. |
Sungdoe
Accounting Corp. |
Sungdoe
Accounting Corp. |
Sungdoe
Accounting Corp. |
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Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
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Net Sales |
226.1 |
325.4 |
312.2 |
389.0 |
389.7 |
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Revenue |
226.1 |
325.4 |
312.2 |
389.0 |
389.7 |
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Total Revenue |
226.1 |
325.4 |
312.2 |
389.0 |
389.7 |
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Cost of Revenue |
252.4 |
359.5 |
276.6 |
344.5 |
332.0 |
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Cost of Revenue, Total |
252.4 |
359.5 |
276.6 |
344.5 |
332.0 |
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Gross Profit |
-26.2 |
-34.1 |
35.6 |
44.6 |
57.7 |
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Selling/General/Administrative Expense |
13.9 |
13.8 |
15.0 |
15.6 |
16.6 |
|
Labor & Related Expense |
9.0 |
9.8 |
8.6 |
9.4 |
7.0 |
|
Advertising Expense |
0.0 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Total Selling/General/Administrative Expenses |
23.0 |
23.7 |
23.8 |
25.1 |
23.6 |
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Depreciation |
2.1 |
1.9 |
1.0 |
1.2 |
0.6 |
|
Amortization of Intangibles |
- |
- |
- |
1.2 |
0.4 |
|
Depreciation/Amortization |
2.1 |
1.9 |
1.0 |
2.4 |
1.0 |
|
Investment Income - Operating |
- |
- |
-5.0 |
- |
- |
|
Interest/Investment Income - Operating |
- |
- |
-5.0 |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
- |
- |
-5.0 |
- |
- |
|
Impairment-Assets Held for Use |
- |
- |
3.7 |
- |
- |
|
Loss (Gain) on Sale of Assets - Operating |
- |
- |
-0.5 |
- |
- |
|
Unusual Expense (Income) |
- |
- |
3.2 |
- |
- |
|
Other Operating Expense |
- |
- |
0.0 |
- |
- |
|
Other, Net |
- |
- |
0.0 |
- |
- |
|
Other Operating Expenses, Total |
- |
- |
0.0 |
- |
- |
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Total Operating Expense |
277.5 |
385.1 |
299.6 |
372.0 |
356.5 |
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Operating Income |
-51.3 |
-59.7 |
12.6 |
17.0 |
33.2 |
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Interest Expense - Non-Operating |
-15.0 |
-24.0 |
-16.7 |
-11.8 |
-7.2 |
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Interest Expense, Net Non-Operating |
-15.0 |
-24.0 |
-16.7 |
-11.8 |
-7.2 |
|
Interest Income - Non-Operating |
1.1 |
0.8 |
0.9 |
0.8 |
0.6 |
|
Investment Income - Non-Operating |
24.4 |
14.5 |
0.1 |
6.8 |
-7.2 |
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Interest/Investment Income - Non-Operating |
25.5 |
15.4 |
1.0 |
7.5 |
-6.6 |
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Interest Income (Expense) - Net Non-Operating |
0.0 |
0.0 |
0.0 |
- |
- |
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Interest Income (Expense) - Net Non-Operating Total |
10.5 |
-8.6 |
-15.7 |
-4.3 |
-13.9 |
|
Gain (Loss) on Sale of Assets |
-0.1 |
-4.1 |
- |
-0.8 |
-1.2 |
|
Other Non-Operating Income (Expense) |
-64.0 |
-2.1 |
0.0 |
-0.8 |
-1.9 |
|
Other, Net |
-64.0 |
-2.1 |
0.0 |
-0.8 |
-1.9 |
|
Income Before Tax |
-105.0 |
-74.6 |
-3.2 |
11.1 |
16.2 |
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Total Income Tax |
9.5 |
-10.5 |
2.4 |
2.7 |
5.2 |
|
Income After Tax |
-114.4 |
-64.1 |
-5.6 |
8.4 |
11.0 |
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Minority Interest |
12.8 |
12.6 |
1.4 |
-0.2 |
-0.1 |
|
Net Income Before Extraord Items |
-101.6 |
-51.5 |
-4.2 |
8.2 |
10.9 |
|
Discontinued Operations |
-82.7 |
-35.2 |
- |
- |
- |
|
Total Extraord Items |
-82.7 |
-35.2 |
- |
- |
- |
|
Net Income |
-184.3 |
-86.7 |
-4.2 |
8.2 |
10.9 |
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Income Available to Common Excl Extraord Items |
-101.6 |
-51.5 |
-4.2 |
8.2 |
10.9 |
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Income Available to Common Incl Extraord Items |
-184.3 |
-86.7 |
-4.2 |
8.2 |
10.9 |
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Basic/Primary Weighted Average Shares |
2.6 |
4.7 |
4.6 |
4.6 |
4.6 |
|
Basic EPS Excl Extraord Items |
-38.55 |
-10.92 |
-0.91 |
1.80 |
2.38 |
|
Basic/Primary EPS Incl Extraord Items |
-69.91 |
-18.40 |
-0.91 |
1.80 |
2.38 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-184.3 |
-86.7 |
-4.2 |
8.2 |
10.9 |
|
Diluted Weighted Average Shares |
2.6 |
4.7 |
4.6 |
4.6 |
4.6 |
|
Diluted EPS Excl Extraord Items |
-38.55 |
-10.92 |
-0.91 |
1.80 |
2.38 |
|
Diluted EPS Incl Extraord Items |
-69.91 |
-18.40 |
-0.91 |
1.80 |
2.38 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.41 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.2 |
|
Interest Expense, Supplemental |
15.0 |
24.0 |
16.7 |
11.8 |
7.2 |
|
Depreciation, Supplemental |
10.5 |
16.1 |
12.8 |
12.3 |
8.5 |
|
Total Special Items |
0.1 |
4.1 |
3.2 |
2.0 |
1.2 |
|
Normalized Income Before Tax |
-104.9 |
-70.4 |
0.1 |
13.2 |
17.4 |
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|
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Effect of Special Items on Income Taxes |
0.0 |
1.4 |
1.1 |
0.2 |
0.4 |
|
Inc Tax Ex Impact of Sp Items |
9.5 |
-9.1 |
3.5 |
2.9 |
5.6 |
|
Normalized Income After Tax |
-114.4 |
-61.4 |
-3.5 |
10.3 |
11.8 |
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|
|
|
|
|
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Normalized Inc. Avail to Com. |
-101.6 |
-48.8 |
-2.1 |
10.1 |
11.7 |
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Basic Normalized EPS |
-38.53 |
-10.35 |
-0.45 |
2.20 |
2.56 |
|
Diluted Normalized EPS |
-38.53 |
-10.35 |
-0.45 |
2.20 |
2.56 |
|
Amort of Acquisition Costs, Supplemental |
- |
- |
- |
1.2 |
- |
|
Amort of Intangibles, Supplemental |
0.1 |
0.2 |
0.2 |
0.4 |
0.4 |
|
Rental Expenses |
- |
0.0 |
0.1 |
0.0 |
- |
|
Advertising Expense, Supplemental |
0.0 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Normalized EBIT |
-51.3 |
-59.7 |
10.8 |
17.0 |
33.2 |
|
Normalized EBITDA |
-40.7 |
-43.5 |
23.8 |
30.9 |
42.1 |
|
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Annual Balance Sheet |
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Financials in:
USD (mil) |
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1066.400024 |
1152 |
1134.9 |
1164.475 |
1259.55 |
|
Auditor |
Sahmgyung
Accounting Corp. |
Sahmgyung
Accounting Corp. |
Sungdoe
Accounting Corp. |
Sungdoe
Accounting Corp. |
Sungdoe Accounting
Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
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Cash & Equivalents |
7.5 |
24.2 |
3.0 |
2.2 |
15.6 |
|
Short Term Investments |
1.3 |
23.9 |
11.8 |
8.1 |
2.0 |
|
Cash and Short Term Investments |
8.8 |
48.1 |
14.8 |
10.3 |
17.6 |
|
Accounts Receivable - Trade, Gross |
17.6 |
53.6 |
47.2 |
89.2 |
57.0 |
|
Provision for Doubtful Accounts |
-0.1 |
-0.3 |
0.0 |
-0.7 |
-0.4 |
|
Trade Accounts Receivable - Net |
34.5 |
91.8 |
89.8 |
89.2 |
56.8 |
|
Other Receivables |
14.9 |
6.6 |
4.5 |
0.9 |
2.7 |
|
Total Receivables, Net |
49.4 |
98.4 |
94.4 |
90.1 |
59.5 |
|
Inventories - Work In Progress |
26.4 |
45.8 |
51.8 |
61.2 |
45.7 |
|
Inventories - Raw Materials |
8.8 |
17.3 |
18.3 |
26.2 |
23.4 |
|
Inventories - Other |
2.2 |
4.8 |
12.4 |
17.0 |
22.1 |
|
Total Inventory |
37.4 |
67.9 |
82.5 |
104.5 |
91.2 |
|
Prepaid Expenses |
9.7 |
16.0 |
9.9 |
8.9 |
9.7 |
|
Deferred Income Tax - Current Asset |
- |
- |
- |
0.2 |
1.3 |
|
Discontinued Operations - Current Asset |
-17.4 |
- |
- |
- |
- |
|
Other Current Assets |
- |
1.9 |
1.3 |
1.3 |
2.4 |
|
Other Current Assets, Total |
-17.4 |
1.9 |
1.3 |
1.6 |
3.6 |
|
Total Current Assets |
87.9 |
232.4 |
202.9 |
215.3 |
181.5 |
|
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|
|
|
|
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Buildings |
53.0 |
129.4 |
131.2 |
76.8 |
63.7 |
|
Land/Improvements |
79.8 |
79.3 |
80.6 |
73.4 |
67.9 |
|
Machinery/Equipment |
46.0 |
116.0 |
116.8 |
75.9 |
53.3 |
|
Construction in Progress |
0.7 |
45.2 |
28.5 |
73.0 |
56.8 |
|
Other Property/Plant/Equipment |
0.0 |
0.2 |
0.2 |
0.3 |
- |
|
Property/Plant/Equipment - Gross |
179.6 |
370.1 |
357.4 |
299.4 |
241.8 |
|
Accumulated Depreciation |
-52.9 |
-69.4 |
-54.5 |
-50.8 |
-33.0 |
|
Property/Plant/Equipment - Net |
126.7 |
300.7 |
302.9 |
248.7 |
208.7 |
|
Goodwill, Net |
- |
- |
- |
4.6 |
- |
|
Intangibles, Net |
1.8 |
4.2 |
4.3 |
3.2 |
2.6 |
|
LT Investment - Affiliate Companies |
3.4 |
2.4 |
1.8 |
4.1 |
18.1 |
|
LT Investments - Other |
3.8 |
6.1 |
11.6 |
8.2 |
7.6 |
|
Long Term Investments |
7.2 |
8.5 |
13.4 |
12.3 |
25.7 |
|
Deferred Income Tax - Long Term Asset |
- |
- |
- |
0.2 |
- |
|
Other Long Term Assets |
0.8 |
1.3 |
4.7 |
7.7 |
7.0 |
|
Other Long Term Assets, Total |
0.8 |
1.3 |
4.7 |
7.9 |
7.0 |
|
Total Assets |
224.4 |
547.1 |
528.1 |
492.1 |
425.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
85.5 |
92.3 |
54.4 |
60.2 |
64.0 |
|
Accrued Expenses |
9.5 |
4.4 |
3.2 |
3.3 |
4.3 |
|
Notes Payable/Short Term Debt |
13.5 |
213.1 |
143.6 |
167.5 |
92.7 |
|
Current Portion - Long Term Debt/Capital Leases |
- |
69.2 |
64.2 |
19.6 |
18.8 |
|
Customer Advances |
12.9 |
10.7 |
1.7 |
10.5 |
21.0 |
|
Security Deposits |
- |
0.0 |
- |
0.0 |
- |
|
Income Taxes Payable |
0.1 |
0.1 |
0.1 |
0.3 |
4.4 |
|
Other Payables |
3.0 |
11.5 |
7.2 |
5.6 |
4.8 |
|
Discontinued Operations - Current Liability |
-89.1 |
- |
- |
- |
- |
|
Other Current Liabilities |
102.8 |
17.0 |
6.9 |
5.8 |
8.3 |
|
Other Current liabilities, Total |
29.7 |
39.3 |
15.8 |
22.2 |
38.5 |
|
Total Current Liabilities |
138.2 |
418.3 |
281.3 |
272.8 |
218.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
188.3 |
93.5 |
112.3 |
92.7 |
94.3 |
|
Total Long Term Debt |
188.3 |
93.5 |
112.3 |
92.7 |
94.3 |
|
Total Debt |
201.8 |
375.8 |
320.1 |
279.8 |
205.9 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
13.8 |
2.9 |
13.7 |
10.4 |
9.1 |
|
Deferred Income Tax |
13.8 |
2.9 |
13.7 |
10.4 |
9.1 |
|
Minority Interest |
-12.9 |
-2.9 |
8.4 |
3.6 |
2.7 |
|
Reserves |
- |
0.3 |
0.4 |
0.3 |
- |
|
Pension Benefits - Underfunded |
1.1 |
3.9 |
3.4 |
4.9 |
6.2 |
|
Discontinued Operations - Liabilities |
-37.4 |
- |
- |
- |
- |
|
Other Liabilities, Total |
-36.3 |
4.3 |
3.8 |
5.2 |
6.2 |
|
Total Liabilities |
291.1 |
516.0 |
419.4 |
384.7 |
330.7 |
|
|
|
|
|
|
|
|
Common Stock |
39.7 |
12.3 |
9.5 |
9.2 |
8.5 |
|
Common Stock |
39.7 |
12.3 |
9.5 |
9.2 |
8.5 |
|
Additional Paid-In Capital |
81.0 |
14.6 |
10.3 |
20.1 |
18.5 |
|
Retained Earnings (Accumulated Deficit) |
-196.3 |
-4.1 |
81.1 |
35.6 |
26.9 |
|
Treasury Stock - Common |
-1.3 |
-1.3 |
-1.3 |
-1.2 |
-1.2 |
|
Unrealized Gain (Loss) |
8.0 |
7.4 |
7.6 |
45.3 |
39.3 |
|
Translation Adjustment |
-0.4 |
-0.2 |
-0.8 |
-1.8 |
3.0 |
|
Other Equity |
2.6 |
2.4 |
2.5 |
- |
- |
|
Other Comprehensive Income |
- |
0.0 |
0.0 |
- |
- |
|
Other Equity, Total |
2.2 |
2.2 |
1.7 |
-1.8 |
3.0 |
|
Total Equity |
-66.7 |
31.1 |
108.8 |
107.3 |
94.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
224.4 |
547.1 |
528.1 |
492.1 |
425.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary Issue |
16.9 |
5.5 |
4.6 |
4.6 |
4.6 |
|
Total Common Shares Outstanding |
16.9 |
5.5 |
4.6 |
4.6 |
4.6 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employees |
435 |
635 |
584 |
582 |
663 |
|
Number of Common Shareholders |
- |
- |
8,454 |
9,966 |
9,617 |
|
Deferred Revenue - Current |
12.9 |
10.7 |
1.7 |
10.5 |
21.0 |
|
Total Long Term Debt, Supplemental |
188.3 |
162.6 |
176.5 |
112.4 |
9.9 |
|
Long Term Debt Maturing within 1 Year |
17.9 |
69.2 |
64.2 |
30.4 |
3.9 |
|
Long Term Debt Maturing in Year 2 |
17.9 |
79.2 |
83.4 |
33.3 |
3.5 |
|
Long Term Debt Maturing in Year 3 |
50.8 |
4.6 |
9.6 |
29.3 |
1.6 |
|
Long Term Debt Maturing in Year 4 |
50.8 |
4.6 |
9.6 |
- |
0.3 |
|
Long Term Debt Maturing in Year 5 |
50.8 |
4.6 |
9.6 |
- |
- |
|
Long Term Debt Maturing in 2-3 Years |
68.8 |
83.8 |
93.0 |
62.6 |
5.2 |
|
Long Term Debt Maturing in 4-5 Years |
101.6 |
9.3 |
19.2 |
- |
0.3 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.3 |
- |
19.3 |
0.6 |
|
|
|
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 |
Sahmgyung
Accounting Corp. |
Sahmgyung
Accounting Corp. |
Sungdoe
Accounting Corp. |
Sungdoe
Accounting Corp. |
Sungdoe
Accounting Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-197.1 |
-99.3 |
-5.6 |
8.4 |
11.0 |
|
Depreciation |
10.5 |
16.1 |
12.8 |
12.3 |
8.5 |
|
Depreciation/Depletion |
10.5 |
16.1 |
12.8 |
12.3 |
8.5 |
|
Amortization of Intangibles |
0.1 |
0.2 |
0.2 |
1.6 |
0.4 |
|
Amortization |
0.1 |
0.2 |
0.2 |
1.6 |
0.4 |
|
Deferred Taxes |
- |
-3.3 |
- |
1.7 |
-1.5 |
|
Unusual Items |
49.3 |
4.7 |
8.3 |
0.5 |
2.3 |
|
Equity in Net Earnings (Loss) |
-0.8 |
-0.8 |
-6.4 |
-0.4 |
0.7 |
|
Other Non-Cash Items |
91.0 |
17.1 |
20.7 |
1.1 |
9.6 |
|
Non-Cash Items |
139.5 |
21.1 |
22.6 |
1.3 |
12.5 |
|
Accounts Receivable |
46.5 |
-1.5 |
32.5 |
-17.6 |
-39.1 |
|
Inventories |
-24.5 |
17.9 |
25.8 |
2.9 |
-67.5 |
|
Prepaid Expenses |
5.2 |
-5.5 |
0.4 |
2.8 |
-6.0 |
|
Other Assets |
1.9 |
-0.7 |
-1.3 |
0.5 |
-4.6 |
|
Accounts Payable |
1.9 |
42.2 |
-20.3 |
-13.9 |
45.9 |
|
Accrued Expenses |
1.9 |
0.9 |
-2.8 |
-1.0 |
1.7 |
|
Taxes Payable |
-0.1 |
0.2 |
-0.7 |
-3.8 |
1.9 |
|
Other Liabilities |
58.0 |
14.5 |
-10.9 |
-20.3 |
10.5 |
|
Other Operating Cash Flow |
-8.0 |
-22.1 |
-14.7 |
- |
- |
|
Changes in Working Capital |
82.9 |
45.8 |
8.1 |
-50.3 |
-57.1 |
|
Cash from Operating Activities |
35.9 |
-19.6 |
38.0 |
-25.0 |
-26.3 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-0.7 |
-16.1 |
-18.1 |
-19.7 |
-72.2 |
|
Purchase/Acquisition of Intangibles |
- |
-0.2 |
-24.9 |
0.0 |
-1.5 |
|
Capital Expenditures |
-0.7 |
-16.3 |
-43.0 |
-19.8 |
-73.6 |
|
Sale of Fixed Assets |
1.9 |
0.4 |
12.8 |
0.3 |
0.6 |
|
Sale/Maturity of Investment |
33.9 |
111.7 |
13.6 |
8.6 |
8.7 |
|
Purchase of Investments |
-41.0 |
-123.0 |
-20.0 |
-13.2 |
-29.1 |
|
Sale of Intangible Assets |
0.3 |
0.2 |
- |
- |
- |
|
Other Investing Cash Flow |
-0.5 |
3.5 |
2.8 |
-0.2 |
0.1 |
|
Other Investing Cash Flow Items, Total |
-5.5 |
-7.2 |
9.1 |
-4.6 |
-19.7 |
|
Cash from Investing Activities |
-6.2 |
-23.5 |
-33.9 |
-24.3 |
-93.3 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.3 |
0.3 |
1.0 |
1.8 |
0.6 |
|
Financing Cash Flow Items |
-0.3 |
0.3 |
1.0 |
1.8 |
0.6 |
|
Cash Dividends Paid - Common |
- |
- |
- |
-1.6 |
-1.4 |
|
Total Cash Dividends Paid |
- |
- |
- |
-1.6 |
-1.4 |
|
Sale/Issuance of Common |
- |
8.8 |
1.2 |
0.7 |
- |
|
Repurchase/Retirement of Common |
-1.3 |
- |
- |
- |
- |
|
Common Stock, Net |
-1.3 |
8.8 |
1.2 |
0.7 |
- |
|
Issuance (Retirement) of Stock, Net |
-1.3 |
8.8 |
1.2 |
0.7 |
- |
|
Short Term Debt Issued |
182.0 |
797.6 |
658.0 |
606.3 |
534.8 |
|
Short Term Debt Reduction |
-206.5 |
-727.9 |
-696.7 |
-557.3 |
-439.5 |
|
Short Term Debt, Net |
-24.5 |
69.7 |
-38.7 |
48.9 |
95.3 |
|
Long Term Debt Issued |
2.7 |
5.3 |
76.6 |
11.0 |
49.9 |
|
Long Term Debt Reduction |
-15.8 |
-19.7 |
-43.9 |
-27.0 |
-20.4 |
|
Long Term Debt, Net |
-13.2 |
-14.4 |
32.8 |
-16.0 |
29.5 |
|
Issuance (Retirement) of Debt, Net |
-37.7 |
55.3 |
-6.0 |
32.9 |
124.8 |
|
Cash from Financing Activities |
-39.3 |
64.4 |
-3.7 |
33.7 |
124.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.7 |
0.8 |
0.0 |
2.2 |
4.4 |
|
Net Change in Cash |
-10.2 |
22.1 |
0.4 |
-13.4 |
8.7 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
24.8 |
3.1 |
2.6 |
15.4 |
9.1 |
|
Net Cash - Ending Balance |
14.6 |
25.2 |
3.0 |
2.0 |
17.8 |
|
Cash Interest Paid |
9.8 |
22.3 |
14.8 |
- |
- |
|
Cash Taxes Paid |
-0.1 |
0.7 |
0.7 |
- |
- |
|
|
|
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 |
Sahmgyung
Accounting Corp. |
Sahmgyung
Accounting Corp. |
Sahmgyung
Accounting Corp. |
Sungdoe
Accounting Corp. |
Sungdoe
Accounting Corp. |
||
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
||
|
|
|
|
|
|
|
||
|
Sales Revenue |
226.1 |
325.4 |
312.2 |
389.0 |
389.7 |
||
|
Total Revenue |
226.1 |
325.4 |
312.2 |
389.0 |
389.7 |
||
|
|
|
|
|
|
|
||
|
Costs of Goods & Services Sold |
252.4 |
359.5 |
276.6 |
344.5 |
332.0 |
||
|
Salaries & Wages |
7.1 |
7.9 |
7.0 |
7.4 |
5.3 |
||
|
Retirement & Severance Benefits |
0.6 |
0.5 |
0.5 |
0.6 |
0.7 |
||
|
Employee Benefits |
1.3 |
1.4 |
1.1 |
1.4 |
1.0 |
||
|
Travel Expense |
0.5 |
0.8 |
0.8 |
0.6 |
0.8 |
||
|
Communication Expense |
0.2 |
0.3 |
0.3 |
0.3 |
0.4 |
||
|
Utility Expense |
0.0 |
0.1 |
0.1 |
0.0 |
0.0 |
||
|
Taxes & Dues |
0.4 |
0.8 |
0.7 |
0.6 |
0.7 |
||
|
Consumable Expense |
0.3 |
0.5 |
0.4 |
0.3 |
1.1 |
||
|
Publication Expense |
0.3 |
0.6 |
0.5 |
0.6 |
0.6 |
||
|
Vehicle Maintenance Expense |
0.5 |
0.7 |
0.6 |
0.5 |
0.5 |
||
|
Insurance Premiums |
0.4 |
0.5 |
0.5 |
0.3 |
0.4 |
||
|
Commissions |
3.0 |
3.5 |
2.8 |
2.4 |
1.4 |
||
|
Shipping & Handling Expense |
2.2 |
3.9 |
2.3 |
2.9 |
5.6 |
||
|
Entertainment Expense |
0.3 |
0.8 |
0.7 |
0.7 |
0.8 |
||
|
Education & Training Expense |
0.0 |
0.1 |
0.1 |
0.1 |
0.1 |
||
|
Exporting Expense |
2.2 |
3.8 |
4.6 |
5.3 |
4.0 |
||
|
Expense of Allow. for DA |
6.7 |
1.5 |
0.0 |
0.2 |
0.2 |
||
|
Advertising Expense |
0.0 |
0.2 |
0.2 |
0.2 |
0.1 |
||
|
Depreciation |
2.1 |
1.9 |
1.0 |
1.2 |
0.6 |
||
|
Amort. of Intangibless |
- |
- |
- |
1.2 |
0.4 |
||
|
Miscellaneous Expense |
7.7 |
0.8 |
0.7 |
0.8 |
0.1 |
||
|
Rental Expense |
- |
0.0 |
0.1 |
0.0 |
- |
||
|
Defective Repair Expense |
- |
- |
0.0 |
- |
- |
||
|
Repair Expense |
- |
- |
0.0 |
0.0 |
- |
||
|
Equipment Usage Fee |
- |
- |
0.0 |
- |
- |
||
|
Discontinued Operations Selling & Admini |
-11.1 |
-4.9 |
- |
- |
- |
||
|
Adj. for Selling & Administrative Exp. |
0.0 |
0.0 |
0.0 |
- |
- |
||
|
Rental Income |
- |
- |
0.0 |
- |
- |
||
|
Gain on Foreign Currency Transaction |
- |
- |
-2.7 |
- |
- |
||
|
Gain on Foreign Currency Translation |
- |
- |
0.0 |
- |
- |
||
|
Gain under Equity Method |
- |
- |
-6.4 |
- |
- |
||
|
Gain on Disposal of PPT |
- |
- |
-0.6 |
- |
- |
||
|
Gain-Disposal of FA Avail. for Sale |
- |
- |
-0.1 |
- |
- |
||
|
Gain-Futures Transactions |
- |
- |
-2.8 |
- |
- |
||
|
Adj. for Other Operating Income |
- |
- |
0.0 |
- |
- |
||
|
Loss on Foreign Currency Transaction |
- |
- |
1.9 |
- |
- |
||
|
Loss on Foreign Currency Translation |
- |
- |
0.1 |
- |
- |
||
|
Loss under Equity Method |
- |
- |
0.0 |
- |
- |
||
|
Loss on Disposal of PPT |
- |
- |
0.1 |
- |
- |
||
|
Loss-Disposal of FA Avail. for Sale |
- |
- |
0.0 |
- |
- |
||
|
Loss on Disposal of Invmt Stock in Afflt |
- |
- |
5.0 |
- |
- |
||
|
Impmt Loss on Goodwill |
- |
- |
3.7 |
- |
- |
||
|
Adj. for Other Operating Expense |
- |
- |
0.0 |
- |
- |
||
|
Total Operating Expense |
277.5 |
385.1 |
299.6 |
372.0 |
356.5 |
||
|
|
|
|
|
|
|
||
|
Interest Income |
1.1 |
0.8 |
0.9 |
0.8 |
0.6 |
||
|
Gain on Disposal of PPE |
0.0 |
0.0 |
- |
0.1 |
0.1 |
||
|
Gain on Derivatives Transaction |
0.1 |
0.0 |
0.3 |
0.7 |
- |
||
|
Gain-Valuation of Derivatives |
- |
- |
- |
0.9 |
2.7 |
||
|
Gain on Foreign Currency Transaction |
0.4 |
0.7 |
1.1 |
3.8 |
4.8 |
||
|
Gain on Foreign Currency Translation |
0.1 |
0.7 |
0.3 |
0.9 |
0.2 |
||
|
Gain on Foreign Currency Transaction-Oth |
0.4 |
0.9 |
- |
- |
- |
||
|
Gain on Foreign Currency Translation-Oth |
0.0 |
1.9 |
- |
- |
- |
||
|
Gain-Disposal of F.A. Avail. for Sale |
- |
0.0 |
- |
- |
- |
||
|
Gain-Disposal of Invmt in Subsidiaries |
2.9 |
- |
- |
- |
- |
||
|
Gain on Debt Adj. |
32.8 |
- |
- |
- |
- |
||
|
Rec. of Allow. for DA |
1.2 |
- |
- |
- |
- |
||
|
Miscellaneous Income |
0.3 |
0.7 |
2.8 |
1.8 |
0.3 |
||
|
Gain-Futures Transactions |
2.5 |
3.4 |
- |
3.4 |
3.0 |
||
|
Gain on Disposal of Intangibless |
0.1 |
- |
- |
- |
- |
||
|
Rental Income |
- |
0.1 |
- |
- |
- |
||
|
Interest Expense |
-15.0 |
-24.0 |
-16.7 |
-11.8 |
-7.2 |
||
|
L-Trade Rcv Disposal |
- |
- |
- |
-0.9 |
-0.8 |
||
|
Loss on Disposal of PPE |
-0.2 |
-4.2 |
- |
- |
-0.5 |
||
|
Loss on Foreign Currency Transaction |
-0.8 |
-0.3 |
-0.6 |
-3.2 |
-6.1 |
||
|
Loss on Foreign Currency Translation |
0.0 |
-0.3 |
-0.2 |
-0.2 |
-4.9 |
||
|
Loss on Foreign Currency Transaction-Oth |
-0.8 |
-1.1 |
- |
- |
- |
||
|
Loss on Foreign Currency Translation-Oth |
-1.8 |
0.0 |
- |
- |
- |
||
|
Loss-Disposal of F.A. Avail. for Sale |
- |
0.0 |
- |
- |
- |
||
|
Loss on Disposal of Invmt Assets |
- |
-0.1 |
- |
- |
- |
||
|
Loss on Derivative Transaction |
- |
- |
-0.7 |
- |
-1.1 |
||
|
Loss on Valt of Derivatives |
- |
-0.1 |
-0.1 |
-0.3 |
-5.0 |
||
|
Loss-Land Revaluation |
- |
- |
- |
- |
-0.2 |
||
|
Impmt Loss-Fincl Instrm Avail. for Sale |
- |
-0.5 |
- |
- |
- |
||
|
Impmt Loss-Group Asset Held for Sale |
-30.0 |
- |
- |
- |
- |
||
|
Impmt Loss on Invmt in Affiliates |
0.0 |
- |
- |
- |
- |
||
|
Impmt Loss on Other Invmt Assets |
-22.0 |
- |
- |
- |
- |
||
|
Loss on Valt of Confirmed Contracts |
- |
- |
-0.2 |
- |
- |
||
|
Loss on Guarantee Payment |
-20.1 |
- |
- |
- |
- |
||
|
Contingency Loss |
- |
- |
-0.3 |
- |
- |
||
|
Guarantee Expense |
-0.4 |
-1.1 |
-0.5 |
-0.2 |
-0.9 |
||
|
Loss-Redemption of Debentures |
- |
- |
- |
- |
-0.9 |
||
|
Donations Paid |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
||
|
Other Allow. for DA |
-72.1 |
-0.1 |
- |
- |
- |
||
|
Miscellaneous Loss |
-5.7 |
-1.7 |
-1.8 |
-2.3 |
-0.4 |
||
|
Gain-Disposal of Equity Method Sec. |
- |
- |
- |
0.3 |
- |
||
|
Gain under Equity Method |
0.9 |
0.8 |
- |
0.4 |
0.5 |
||
|
Loss under Equity Method |
-0.1 |
0.0 |
- |
0.0 |
-1.1 |
||
|
Adj. for Finance Income |
0.0 |
0.0 |
0.0 |
- |
- |
||
|
Adj. for Finance Expense |
0.0 |
0.0 |
0.0 |
- |
- |
||
|
Adj-Other Non-Operating Expense |
- |
- |
- |
- |
- |
||
|
Discontinued Operations-Finance Income |
-0.2 |
0.0 |
- |
- |
- |
||
|
Discontinued Operations-Finance Exp. |
5.6 |
7.2 |
- |
- |
- |
||
|
Discontinued Operations-Other Non-Operat |
-1.9 |
-2.3 |
- |
- |
- |
||
|
Discontinued Operations-Other Non-Operat |
69.1 |
3.5 |
- |
- |
- |
||
|
Adj. for Other Non-Operating Income |
0.0 |
0.0 |
- |
- |
- |
||
|
Adj for Other Non-Operating Expense |
0.0 |
0.0 |
- |
- |
- |
||
|
Net Income Before Taxes |
-105.0 |
-74.6 |
-3.2 |
11.1 |
16.2 |
||
|
|
|
|
|
|
|
||
|
Prov. for Income Taxes |
9.5 |
-10.5 |
2.4 |
2.7 |
5.2 |
||
|
Net Income After Taxes |
-114.4 |
-64.1 |
-5.6 |
8.4 |
11.0 |
||
|
|
|
|
|
|
|
||
|
Minority Interest |
12.8 |
12.6 |
1.4 |
-0.2 |
-0.1 |
||
|
Net Income Before Extra. Items |
-101.6 |
-51.5 |
-4.2 |
8.2 |
10.9 |
||
|
Gain on Discontinued Operations |
-82.7 |
-35.2 |
- |
- |
- |
||
|
Net Income |
-184.3 |
-86.7 |
-4.2 |
8.2 |
10.9 |
||
|
|
|
|
|
|
|
||
|
Income Available to Com Excl E |
-101.6 |
-51.5 |
-4.2 |
8.2 |
10.9 |
||
|
|
|
|
|
|
|
||
|
Income Available to Com Incl ExtraOrd |
-184.3 |
-86.7 |
-4.2 |
8.2 |
10.9 |
||
|
|
|
|
|
|
|
||
|
Basic Weighted Average Shares |
2.6 |
4.7 |
4.6 |
4.6 |
4.6 |
||
|
Basic EPS Excluding ExtraOrdin |
-38.55 |
-10.92 |
-0.91 |
1.80 |
2.38 |
||
|
Basic EPS Including ExtraOrdin |
-69.91 |
-18.40 |
-0.91 |
1.80 |
2.38 |
||
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
||
|
Diluted Net Income |
-184.3 |
-86.7 |
-4.2 |
8.2 |
10.9 |
||
|
Diluted Weighted Average Share |
2.6 |
4.7 |
4.6 |
4.6 |
4.6 |
||
|
Diluted EPS Excluding ExtraOrd |
-38.55 |
-10.92 |
-0.91 |
1.80 |
2.38 |
||
|
Diluted EPS Including ExtraOrd |
-69.91 |
-18.40 |
-0.91 |
1.80 |
2.38 |
||
|
DPS-Common Stock |
0.00 |
0.00 |
0.00 |
0.00 |
0.41 |
||
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.2 |
||
|
Normalized Income Before Taxes |
-104.9 |
-70.4 |
0.1 |
13.2 |
17.4 |
||
|
|
|
|
|
|
|
||
|
Inc Tax Ex. Impact of Sp Items |
9.5 |
-9.1 |
3.5 |
2.9 |
5.6 |
||
|
Normalized Income After Taxes |
-114.4 |
-61.4 |
-3.5 |
10.3 |
11.8 |
||
|
|
|
|
|
|
|
||
|
Normalized Inc. Avail to Com. |
-101.6 |
-48.8 |
-2.1 |
10.1 |
11.7 |
||
|
|
|
|
|
|
|
||
|
Basic Normalized EPS |
-38.53 |
-10.35 |
-0.45 |
2.20 |
2.56 |
||
|
Diluted Normalized EPS |
-38.53 |
-10.35 |
-0.45 |
2.20 |
2.56 |
||
|
Interest Expense, Supplemental |
15.0 |
24.0 |
16.7 |
11.8 |
7.2 |
||
|
Rental Expense, Supplemental |
- |
0.0 |
0.1 |
0.0 |
- |
||
|
Advertising Expense, Supplemental |
0.0 |
0.2 |
0.2 |
0.2 |
0.1 |
||
|
Depreciation, Supplemental |
10.5 |
16.1 |
12.8 |
12.3 |
8.5 |
||
|
Amort of Intangibles, Suppleme |
0.1 |
0.2 |
0.2 |
0.4 |
0.4 |
||
|
Amort of Goodwill, Supplemental |
- |
- |
- |
1.2 |
- |
||
|
|
|
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 |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1066.400024 |
1152 |
1134.9 |
1164.475 |
1259.55 |
|
Auditor |
Sahmgyung
Accounting Corp. |
Sahmgyung
Accounting Corp. |
Sahmgyung
Accounting Corp. |
Sungdoe
Accounting Corp. |
Sungdoe
Accounting Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Cash Equivalents |
7.5 |
24.2 |
3.0 |
2.2 |
15.6 |
|
Current Fincl Instrm |
1.3 |
23.9 |
11.8 |
8.1 |
2.0 |
|
Current Loans |
14.6 |
5.2 |
1.1 |
0.8 |
0.6 |
|
Trade Receivable, Gross |
17.6 |
53.6 |
47.2 |
89.2 |
57.0 |
|
Allow. for DA for Trade Receivable |
-0.1 |
-0.2 |
0.0 |
-0.7 |
-0.4 |
|
Account Receivable |
0.4 |
2.6 |
3.4 |
0.0 |
2.1 |
|
Allow. for DA for Account Receivable |
- |
-1.2 |
- |
- |
- |
|
Advance Payments |
1.2 |
3.5 |
11.2 |
15.9 |
15.1 |
|
Prepaid Expense |
1.5 |
2.0 |
2.3 |
1.1 |
0.5 |
|
Prepaid Value Added Taxes |
7.6 |
13.3 |
7.0 |
6.8 |
8.2 |
|
Prepaid Tariffs |
0.5 |
0.2 |
0.3 |
1.0 |
1.0 |
|
Prepaid Income Taxes |
0.1 |
0.6 |
0.2 |
0.0 |
- |
|
Current Derivative Assets |
- |
- |
0.0 |
1.3 |
2.4 |
|
Other Guarantee Deposits |
- |
1.9 |
1.3 |
- |
- |
|
Accrued Income |
0.1 |
0.8 |
0.9 |
0.7 |
0.2 |
|
Allow. for DA for Accrued Income |
- |
-0.1 |
- |
- |
- |
|
Unbilled Constructions |
16.8 |
37.7 |
41.8 |
- |
- |
|
Deferred Income Tax-Debit |
- |
- |
- |
0.2 |
1.3 |
|
Work in Progress |
26.4 |
45.8 |
51.8 |
61.2 |
45.7 |
|
Supplies |
1.0 |
1.3 |
1.2 |
1.1 |
7.0 |
|
Raw Materials |
8.8 |
17.3 |
18.3 |
26.2 |
23.4 |
|
Adj. for Trade & Other Receivable |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Other Current Fincl Instrm |
- |
0.0 |
0.0 |
- |
- |
|
Adj. for Other Current Non-Fincl Instrm |
- |
- |
0.0 |
- |
- |
|
Adj. for Inventories |
0.0 |
0.0 |
0.0 |
- |
- |
|
Other Recveivable-Asset Held for Sale |
0.0 |
- |
- |
- |
- |
|
Other Current Non-Fincl Assets-Asset Hel |
-7.5 |
- |
- |
- |
- |
|
Inventories-Asset Held for Sale |
-9.8 |
- |
- |
- |
- |
|
Total Current Assets |
87.9 |
232.4 |
202.9 |
215.3 |
181.5 |
|
|
|
|
|
|
|
|
Non-Current Fincl Instrm |
0.0 |
4.8 |
9.7 |
6.3 |
5.6 |
|
Other Invmt Assets |
2.5 |
- |
- |
- |
- |
|
Non-Current Securities Available-for-Sal |
1.3 |
1.2 |
1.9 |
1.9 |
2.0 |
|
Investment Securities under Equity Metho |
- |
- |
- |
4.1 |
18.1 |
|
Invmt in Afflt Co. & Subsidiaries |
3.4 |
2.4 |
1.8 |
- |
- |
|
Long-Term Security Deposits |
- |
- |
- |
7.7 |
7.0 |
|
Guarantee Deposits, Non-Current Assets |
0.8 |
1.3 |
4.7 |
- |
- |
|
Lands |
79.8 |
79.3 |
80.6 |
73.4 |
67.9 |
|
Buildings |
30.9 |
96.6 |
100.1 |
46.7 |
38.2 |
|
Buildings-Depreciation |
-7.4 |
-11.0 |
-7.9 |
-5.9 |
-3.7 |
|
Structures |
22.1 |
32.8 |
31.1 |
30.0 |
25.5 |
|
Structures-Depreciation |
-10.9 |
-11.6 |
-9.7 |
-8.5 |
-6.0 |
|
Tools & Equipments |
17.0 |
33.3 |
33.5 |
32.8 |
19.3 |
|
Tools & Equipments-Depreciation |
-12.1 |
-18.4 |
-14.4 |
-15.1 |
-8.5 |
|
Machineries & Equipments |
20.5 |
69.6 |
70.6 |
31.6 |
25.1 |
|
Machineries & Equipments-Depreciation |
-14.9 |
-19.7 |
-15.3 |
-13.8 |
-9.8 |
|
Vehicles |
3.1 |
6.2 |
6.2 |
6.0 |
4.4 |
|
Vehicles-Depreciation |
-2.4 |
-3.4 |
-2.7 |
-3.1 |
-2.0 |
|
Fixtures |
5.5 |
6.1 |
5.8 |
5.5 |
4.5 |
|
Fixtures-Depreciation |
-5.1 |
-4.9 |
-4.4 |
-4.2 |
-3.0 |
|
Installation Equipments |
- |
0.8 |
0.8 |
- |
- |
|
Installation Equipments-Depreciation |
- |
-0.1 |
-0.1 |
- |
- |
|
Construction in Progress |
0.7 |
45.2 |
28.5 |
73.0 |
56.8 |
|
Assets in Rec. Expectations |
- |
0.2 |
0.2 |
0.3 |
- |
|
Assets in Rec. Expectations-Depreciation |
- |
-0.2 |
-0.1 |
-0.1 |
- |
|
Deferred Income Tax-Debit |
- |
- |
- |
0.2 |
- |
|
Goodwill |
- |
- |
- |
4.6 |
- |
|
Membership Rights |
0.5 |
0.7 |
0.8 |
- |
- |
|
Land Usufruct |
1.3 |
2.4 |
2.3 |
2.0 |
2.0 |
|
Other Intangibless |
0.0 |
1.1 |
1.2 |
1.2 |
0.6 |
|
Adj. for Property, Plant & Equipment |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Intangibless |
0.0 |
0.0 |
- |
- |
- |
|
Adj. for Other Non-Current Fincl Instrm |
0.0 |
0.0 |
0.0 |
- |
- |
|
Total Assets |
224.4 |
547.1 |
528.1 |
492.1 |
425.6 |
|
|
|
|
|
|
|
|
Current Trade Payable |
85.5 |
92.3 |
54.4 |
60.2 |
64.0 |
|
Other Payable |
3.0 |
11.5 |
7.2 |
5.6 |
4.8 |
|
Income Taxes Payable |
0.1 |
0.1 |
0.1 |
0.3 |
4.4 |
|
Security Deposit Withheld |
- |
- |
- |
0.0 |
- |
|
Rental Guarantee Deposit |
- |
0.0 |
- |
- |
- |
|
Value Added Taxes Withheld |
- |
0.3 |
0.2 |
0.5 |
- |
|
Tariffs Payable |
- |
0.1 |
- |
0.0 |
0.1 |
|
Accrued Expense |
9.5 |
4.0 |
3.0 |
2.9 |
4.2 |
|
Advance from Customers, Current |
12.9 |
10.7 |
1.7 |
10.5 |
21.0 |
|
Unearned Income |
- |
- |
0.0 |
- |
- |
|
Withheld |
81.1 |
16.5 |
6.4 |
4.1 |
3.9 |
|
Current Borrowings |
13.5 |
213.1 |
143.6 |
167.5 |
92.7 |
|
Current Portion of Long-term Debt |
- |
69.2 |
64.2 |
11.1 |
18.8 |
|
Current Portion of Bonds |
- |
- |
- |
8.6 |
- |
|
Prov.for Return of Guarantee Paid |
21.2 |
- |
- |
- |
- |
|
Prov. for Defect Repairs |
0.4 |
0.4 |
- |
- |
- |
|
Current Derivatives Liabilities |
- |
0.1 |
0.2 |
1.6 |
4.4 |
|
Overbilled Constructions |
- |
- |
0.1 |
- |
- |
|
Contracts on Settlements |
- |
- |
0.2 |
- |
- |
|
Adj. for Current Trade & Other Payable |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Other Current Fincl Liabilities |
- |
0.0 |
0.0 |
- |
- |
|
Adj. for Other Non-Financial Liability |
- |
0.0 |
- |
- |
- |
|
Other Current Non-Fincl Liabilities Grou |
-89.1 |
- |
- |
- |
- |
|
Total Current Liability |
138.2 |
418.3 |
281.3 |
272.8 |
218.4 |
|
|
|
|
|
|
|
|
Bonds |
- |
- |
- |
8.6 |
7.9 |
|
Non-Current Borrowings |
188.3 |
93.5 |
112.3 |
84.1 |
86.3 |
|
Total Long Term Debt |
188.3 |
93.5 |
112.3 |
92.7 |
94.3 |
|
|
|
|
|
|
|
|
Deferred Income Taxes, LT Liabilities |
13.8 |
2.9 |
13.7 |
10.4 |
9.1 |
|
Prov. for Restoration in LT Liabilities |
- |
0.3 |
0.4 |
0.3 |
- |
|
Prov.for Retirement & Severance Benefits |
- |
- |
- |
8.7 |
6.2 |
|
Deposit-Retirement Insurance |
- |
- |
- |
-3.7 |
- |
|
Transfer to National Pension Fund |
- |
- |
- |
-0.1 |
- |
|
Non-Current Fixed Benefit Liabilities |
1.1 |
3.9 |
3.4 |
- |
- |
|
Minority Interests |
-12.9 |
-2.9 |
8.4 |
3.6 |
2.7 |
|
Current Trade & Other Payable- Group Lia |
-37.4 |
- |
- |
- |
- |
|
Total Liabilities |
291.1 |
516.0 |
419.4 |
384.7 |
330.7 |
|
|
|
|
|
|
|
|
Capital Stock |
39.7 |
12.3 |
9.5 |
9.2 |
8.5 |
|
Additional Paid in Capital |
70.4 |
14.6 |
9.3 |
- |
- |
|
Consideration for Stock Warrants |
0.7 |
0.7 |
0.7 |
- |
- |
|
Other Capital Surplus |
-1.6 |
-0.7 |
0.3 |
- |
- |
|
Consolidated Capital Surplus |
- |
- |
- |
20.1 |
18.5 |
|
Consideration for Conversion Rights |
0.0 |
0.0 |
0.0 |
- |
- |
|
Gain on Capital Reduction |
11.4 |
- |
- |
- |
- |
|
Resv for Assets ReValt |
8.0 |
7.4 |
7.6 |
- |
- |
|
Legal Resvs |
0.2 |
- |
- |
- |
- |
|
Retained Earnings Carried Forward |
-196.5 |
- |
- |
35.6 |
26.9 |
|
Retained Earnings |
- |
-4.1 |
81.1 |
- |
- |
|
Capital Change, Equity Method |
0.0 |
-0.1 |
0.0 |
5.5 |
2.2 |
|
Capital Change, Equity Method (Loss) |
- |
- |
- |
-0.2 |
- |
|
Gains on Disposal of Treasury Stock |
2.6 |
2.4 |
2.5 |
- |
- |
|
Treasury Stock |
-1.3 |
-1.3 |
-1.3 |
-1.2 |
-1.2 |
|
Gain-Land Revaluation |
- |
- |
- |
40.1 |
37.0 |
|
Gain/Losses on Valuation of Securities A |
- |
0.1 |
0.1 |
- |
- |
|
Overseas Bus. Translation Debit/Credit |
-0.4 |
-0.2 |
-0.8 |
-1.8 |
3.0 |
|
Adj. for Other Capital Items |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj.-Accum. Other Comprehensive Income |
- |
0.0 |
0.0 |
- |
- |
|
Adj. for Accumulated Deficits |
0.0 |
- |
- |
- |
- |
|
Total Equity |
-66.7 |
31.1 |
108.8 |
107.3 |
94.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholde |
224.4 |
547.1 |
528.1 |
492.1 |
425.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
16.9 |
5.5 |
4.6 |
4.6 |
4.6 |
|
Total Common Shares Outstandin |
16.9 |
5.5 |
4.6 |
4.6 |
4.6 |
|
T/S-Common Stock |
0.0 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Deferred Revenue, Current |
12.9 |
10.7 |
1.7 |
10.5 |
21.0 |
|
Full-Time Employees |
435 |
635 |
584 |
582 |
663 |
|
Number of Common Shareholders |
- |
- |
8,454 |
9,966 |
9,617 |
|
Long Term Debt Due in Year 1 |
- |
69.2 |
64.2 |
30.4 |
3.9 |
|
Long Term Debt Due in Year 2 |
35.9 |
79.2 |
83.4 |
33.3 |
3.5 |
|
Long Term Debt Due in Year 3 |
- |
- |
- |
29.3 |
1.6 |
|
Long Term Debt Due in Year 4 |
- |
- |
- |
- |
0.3 |
|
Long Term Debt Maturing in Year 5 |
152.5 |
13.9 |
28.9 |
- |
- |
|
Long Term Debt Remaining |
- |
0.3 |
- |
19.3 |
0.6 |
|
Total Long Term Debt, Supplemental |
188.3 |
162.6 |
176.5 |
112.4 |
9.9 |
|
|
|
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 |
Sahmgyung Accounting
Corp. |
Sahmgyung
Accounting Corp. |
Sahmgyung
Accounting Corp. |
Sungdoe
Accounting Corp. |
Sungdoe
Accounting Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income or Loss |
-197.1 |
-99.3 |
-5.6 |
8.4 |
11.0 |
|
Depreciation |
10.5 |
16.1 |
12.8 |
12.3 |
8.5 |
|
Amort. of Intangibless |
0.1 |
0.2 |
0.2 |
1.6 |
0.4 |
|
Provision-Doubtful Account |
- |
- |
- |
0.2 |
0.2 |
|
Bonus |
- |
- |
- |
0.2 |
- |
|
Expense of Allow. for DA |
6.7 |
1.5 |
0.0 |
- |
- |
|
Interest Expenses |
13.7 |
24.0 |
16.7 |
0.0 |
0.0 |
|
Cost of Goods Sold |
- |
2.3 |
- |
- |
- |
|
Corporate Taxes Expense |
9.5 |
- |
2.4 |
- |
- |
|
Miscellaneous Loss |
- |
0.4 |
- |
- |
- |
|
Interest Income |
-1.1 |
-0.8 |
-0.9 |
- |
- |
|
Corporate Taxes Income |
- |
-10.5 |
- |
- |
- |
|
Amortization of Subscription Warrant Adj |
- |
- |
- |
- |
0.0 |
|
Retirement and Severance Benefits |
2.3 |
2.4 |
2.0 |
2.0 |
2.6 |
|
Losses on Foreign Currency Translation |
1.8 |
0.3 |
0.3 |
0.2 |
4.6 |
|
Contingency Loss |
- |
- |
0.3 |
- |
- |
|
Loss on Valt of Derivative Fincl Assets |
- |
0.1 |
0.1 |
0.3 |
5.0 |
|
Gain-Derivatives Valuation |
- |
- |
- |
-0.9 |
-2.7 |
|
Rec. of Allow. for DA |
-1.2 |
- |
- |
- |
- |
|
Gains on Foreign Currency Translation |
-0.1 |
-2.7 |
-0.4 |
-0.9 |
-0.2 |
|
Expenses of Allow. for Other DA |
72.1 |
0.1 |
- |
- |
- |
|
Loss-Land Revaluation |
- |
- |
- |
- |
0.2 |
|
Loss-Redemption of Bond |
- |
- |
- |
- |
0.9 |
|
Loss on Disposal of Trade Receivable |
- |
- |
- |
0.9 |
0.8 |
|
Losses on Sale of Property, Plant and Eq |
- |
- |
- |
- |
0.5 |
|
Loss-Valt of Fixed Contracts Liability |
- |
- |
0.2 |
- |
- |
|
Losses on Disposal of Investment Assets |
- |
0.1 |
- |
- |
- |
|
Loss on Disposal of Financial Assets Ava |
- |
0.0 |
0.0 |
- |
- |
|
Impmt Loss-Fincl Asset Avail.-for-Sale |
- |
0.5 |
- |
- |
- |
|
Loss on Disposal of Property, Plant and |
0.5 |
4.2 |
0.1 |
- |
- |
|
Loss on Disposal of Investment in Affili |
- |
- |
5.0 |
- |
- |
|
Loss on Guarantee Deposit for Payment |
20.1 |
- |
- |
- |
- |
|
Impmt Loss on Goodwill |
- |
- |
3.7 |
- |
- |
|
Impmt Loss-Group Asset Held for Sale |
30.0 |
- |
- |
- |
- |
|
Impmt Loss on Other Invmt Assets |
22.0 |
- |
- |
- |
- |
|
Impmt Loss on Invmt in Affiliates |
0.0 |
- |
- |
- |
- |
|
Gains on Sale of Available for Sale Secu |
- |
0.0 |
-0.1 |
- |
- |
|
Gain on Sale of Equity Method Securiti |
- |
- |
- |
-0.3 |
- |
|
Gain on Disposal of Property, Plant and |
-0.1 |
0.0 |
-0.6 |
-0.1 |
-0.1 |
|
Gain on Sale of Intangibles |
-0.1 |
- |
- |
- |
- |
|
Gain on Debts Adj. |
-32.8 |
- |
- |
- |
- |
|
Gain on Sale of Invmt in Subsidiaries |
-2.9 |
- |
- |
- |
- |
|
Loss under Equity Method |
0.1 |
0.0 |
0.0 |
0.0 |
1.1 |
|
Gain under Equity Method |
-0.9 |
-0.8 |
-6.4 |
-0.4 |
-0.4 |
|
Trade Receivables |
22.6 |
-6.4 |
20.5 |
-23.9 |
-36.1 |
|
Account Receivables |
2.2 |
1.3 |
-1.5 |
6.8 |
-2.9 |
|
Accrued Income |
0.0 |
0.0 |
- |
-0.4 |
0.0 |
|
Unbilled Constructions |
21.7 |
3.6 |
13.5 |
- |
- |
|
Guarantee Deposit |
- |
- |
- |
0.5 |
-4.6 |
|
Decrease in Derivative Assets |
- |
0.0 |
- |
- |
- |
|
Other Guarantee Deposit |
1.9 |
-0.7 |
-1.3 |
- |
- |
|
Advance Payments |
-27.2 |
7.9 |
5.6 |
6.0 |
-15.7 |
|
Prepaid Expenses |
-0.5 |
0.3 |
-0.7 |
0.6 |
0.1 |
|
Prepaid Value Added Taxes |
6.0 |
-5.9 |
0.5 |
-0.4 |
-5.4 |
|
Tariff Advance Payments |
-0.3 |
0.2 |
0.7 |
2.6 |
-0.6 |
|
Inventory |
2.7 |
10.0 |
20.2 |
-3.1 |
-51.8 |
|
Deferred Income Tax Credit, A/L |
- |
- |
- |
0.6 |
0.0 |
|
Current Deferred Income Taxes Assets |
- |
-3.3 |
- |
1.2 |
-1.5 |
|
Trade Payable |
10.7 |
37.7 |
-19.2 |
-8.4 |
44.6 |
|
Other Payable |
-8.8 |
4.5 |
-1.1 |
-5.5 |
1.3 |
|
Accrued Expenses |
2.2 |
0.9 |
-2.8 |
-1.0 |
1.7 |
|
Accrued Dividends |
-0.3 |
- |
- |
- |
- |
|
Accrued Inc Tax |
- |
- |
- |
-4.1 |
1.8 |
|
Income Taxes Payable |
- |
- |
0.0 |
- |
- |
|
Tariff Payable |
-0.1 |
0.1 |
0.0 |
0.3 |
0.1 |
|
Value Added Taxes Withholdings |
- |
0.1 |
-0.7 |
- |
- |
|
Derivative Liabilities |
-0.1 |
-0.2 |
- |
- |
- |
|
Prov.s |
0.1 |
- |
- |
- |
- |
|
Overbilled Constructions |
0.1 |
-0.1 |
0.1 |
- |
- |
|
Fixed Contracts Liabilities |
- |
-0.2 |
- |
- |
- |
|
Deposit-Retirement Insurance |
- |
- |
- |
2.3 |
-0.3 |
|
Guarantee Deposit Withholdings |
- |
0.0 |
0.0 |
- |
- |
|
Advance from Customers |
10.4 |
8.8 |
-9.1 |
-16.5 |
10.4 |
|
Unearned Income |
- |
0.0 |
0.0 |
- |
- |
|
Withholdings |
49.1 |
8.6 |
2.1 |
-0.1 |
3.7 |
|
National Pension Fund |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Retirement Pension Operating Fund |
2.3 |
-1.4 |
-3.1 |
-3.4 |
- |
|
Payment for Retirement Allow. |
-3.9 |
-1.1 |
-1.0 |
-2.7 |
-3.4 |
|
Adj. for Cash Flow from Operations |
0.0 |
0.0 |
- |
- |
- |
|
Cash-Interest Received |
1.7 |
0.9 |
0.8 |
- |
- |
|
Cash-Interest Paid |
-9.8 |
-22.3 |
-14.8 |
- |
- |
|
Cash-Tax Paid |
0.1 |
-0.7 |
-0.7 |
- |
- |
|
Cash From Operating Activities |
35.9 |
-19.6 |
38.0 |
-25.0 |
-26.3 |
|
|
|
|
|
|
|
|
Dec-ST Loans |
- |
- |
- |
0.8 |
0.8 |
|
Decrease in Non-Current Trade&Other Rece |
- |
3.6 |
3.0 |
- |
- |
|
Decrease in Short-Term Financial Asse |
- |
- |
- |
3.9 |
4.8 |
|
Proceeds from Sale of Long-term Financia |
- |
- |
- |
- |
4.0 |
|
Decrease in Derivatives Assets |
- |
- |
1.3 |
1.4 |
- |
|
Disposal of Securities Available for |
- |
- |
- |
0.9 |
0.0 |
|
Disposal of Securities under Equity M |
- |
- |
- |
2.4 |
- |
|
Disposal of Investment in Subsidiary&Ass |
1.4 |
0.1 |
0.0 |
- |
- |
|
Disposal of Other Non-Current Finacial I |
5.3 |
0.4 |
0.4 |
- |
- |
|
Disposal of Other Current Financial Inst |
27.2 |
111.3 |
11.8 |
- |
- |
|
Disposal-Land |
- |
- |
- |
0.1 |
0.1 |
|
Disposal-Buildings |
- |
- |
- |
0.1 |
0.1 |
|
Proceeds from Sale of Structures |
- |
- |
- |
- |
0.3 |
|
Proceeds from Sale of Machinery |
- |
- |
- |
- |
0.1 |
|
Disp-Vehicles |
- |
- |
- |
0.0 |
0.0 |
|
Disp-Tools/Equipmt |
- |
- |
- |
0.1 |
- |
|
Disp-Fixtures |
- |
- |
- |
0.0 |
0.0 |
|
Disposal of Property, Plant and Equipmen |
1.9 |
0.4 |
12.8 |
- |
- |
|
Inc-ST Loans |
- |
- |
- |
-1.0 |
-0.7 |
|
Increase in Non-Current Trade&Other Rece |
-0.5 |
-0.1 |
-0.2 |
- |
- |
|
Increase in Short-Term Financial Asse |
- |
- |
- |
-2.5 |
-3.1 |
|
Increase in Long-Term Financial Asset |
- |
- |
- |
-7.1 |
-7.0 |
|
Decs in Other Current Fincl Liabilities |
- |
- |
-1.6 |
-2.5 |
-0.5 |
|
Increase in Securities Available for |
- |
- |
- |
-0.6 |
-1.9 |
|
Purchase of Equity Method Sec. |
- |
- |
- |
-0.4 |
-16.6 |
|
Purchase of Other Current Fincl Instrm |
-40.7 |
-115.5 |
-8.0 |
- |
- |
|
Purchase of Other LT Finacial Instrm |
-0.3 |
-7.5 |
-10.3 |
- |
- |
|
Purchase of Invmt in Subsidiaries&Afflt |
- |
0.0 |
-0.1 |
- |
- |
|
Increase in Land |
- |
- |
- |
- |
0.0 |
|
Purchase of Buildings |
- |
- |
- |
-0.5 |
-6.2 |
|
Purchase of Structures |
- |
- |
- |
-0.4 |
-3.6 |
|
Purchase of Machinery |
- |
- |
- |
-1.4 |
-9.0 |
|
Acquisition of Miscellaneous Fixtures |
- |
- |
- |
-0.3 |
-1.7 |
|
Purchase of Vehicles |
- |
- |
- |
-0.4 |
-1.0 |
|
Acquisition of Tools |
- |
- |
- |
-5.7 |
-8.7 |
|
Purchase of Construction in Progress |
- |
- |
- |
-11.1 |
-42.0 |
|
Purchase of Tangibles |
-0.7 |
-16.1 |
-18.1 |
- |
- |
|
Purchase of Intangibless |
- |
-0.2 |
-24.9 |
0.0 |
-1.5 |
|
Disposal of Intangible Assets |
0.3 |
0.2 |
- |
- |
- |
|
Cash From Investing Activities |
-6.2 |
-23.5 |
-33.9 |
-24.3 |
-93.3 |
|
|
|
|
|
|
|
|
Increase in Current Borrowings |
182.0 |
797.6 |
658.0 |
606.3 |
534.8 |
|
Redemption-Bond with Warrant, Current |
- |
- |
- |
- |
-8.6 |
|
Redemption of Short-Term Borrowings |
- |
- |
- |
-557.3 |
-439.5 |
|
Decrease in Current Borrowings |
-206.5 |
-727.9 |
-696.7 |
- |
- |
|
Rights Issue |
- |
8.8 |
1.2 |
0.7 |
- |
|
Increase in Non-Current Borrowings |
2.7 |
5.3 |
76.6 |
3.1 |
49.9 |
|
Increase in Bonds |
- |
- |
- |
7.8 |
- |
|
Decs in Current Portion of LT Borrowings |
-9.6 |
-16.3 |
-23.0 |
- |
- |
|
Decrease of Current Portion of LT Lia |
- |
- |
- |
-11.1 |
-7.0 |
|
Decrease of Current Portion of Bonds |
- |
- |
- |
- |
-4.5 |
|
Decrease in Non-Current Borrowings |
-6.3 |
-3.4 |
-20.9 |
-15.9 |
-0.3 |
|
Increase in Treasury Stocks |
0.0 |
- |
- |
- |
- |
|
Capital Reduction |
-1.3 |
- |
- |
- |
- |
|
Decrease in Gain on Capital Reduction |
0.0 |
- |
- |
- |
- |
|
Cash Inflow-Consolidation Scope Change |
- |
- |
0.8 |
1.8 |
0.6 |
|
Payment-Dividends |
- |
- |
- |
-1.6 |
-1.4 |
|
Cash Inflow from Merger |
- |
- |
0.0 |
- |
- |
|
Increase in SwaTangiblesd for Equity Rig |
-0.2 |
- |
- |
- |
- |
|
Increase-Debenture Issuance Discount |
- |
- |
- |
0.0 |
- |
|
Cash Outflow-Consolidation Scope Change |
-0.1 |
- |
- |
- |
- |
|
Cash Flow-Acquisition of Subsidiarites |
- |
- |
0.1 |
- |
- |
|
Foreign Exchange Effects |
0.0 |
0.3 |
0.0 |
- |
- |
|
Cash From Financing Activities |
-39.3 |
64.4 |
-3.7 |
33.7 |
124.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.7 |
0.8 |
0.0 |
2.2 |
4.4 |
|
Incs or Decs in Cash & Cash Equivalents |
-10.2 |
22.1 |
0.4 |
-13.4 |
8.7 |
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning |
24.8 |
3.1 |
2.6 |
15.4 |
9.1 |
|
Cash and Cash Equivalents at End |
14.6 |
25.2 |
3.0 |
2.0 |
17.8 |
|
Cash Interest Paid |
9.8 |
22.3 |
14.8 |
- |
- |
|
Cash Taxes Paid |
-0.1 |
0.7 |
0.7 |
- |
- |
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
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|
|
|
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.53.73 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.71 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.