MIRA INFORM REPORT

 

 

Report Date :

21.10.2013

 

IDENTIFICATION DETAILS

 

Name :

LG MMA CORPORATION

 

 

Registered Office :

58, Yeosusandan 4-ro, Yeosu-si, Jeollanam-do, Korea) 555-805

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

28.03.1991

 

 

Com. Reg. No.:

417-81-05600

 

 

Legal Form :

Co., Ltd by shares

 

 

Line of Business :

Manufacture of Synthetic Resin and Other Plastic Materials

 

 

No. of Employees :

242

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March, 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

South Korea

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

south korea - ECONOMIC OVERVIEW

 

South Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies, and is currently the world's 12th largest economy. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea's development model including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. Korea''s export focused economy was hit hard by the 2008 global economic downturn, but quickly rebounded in subsequent years, reaching 6.3% growth in 2010. The US-South Korea Free Trade Agreement was ratified by both governments in 2011 and went into effect in March 2012. Throughout 2012 the economy experienced sluggish growth because of market slowdowns in the United States, China, and the Eurozone. The incoming administration in 2013, following the December 2012 presidential election, is likely to face the challenges of balancing heavy reliance on exports with developing domestic-oriented sectors, such as services. The South Korean economy''s long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports - which comprise half of GDP.

Source : CIA

 

Basic Information

 

Basic

 

Company Name

LG MMA CORPORATION

Registered Address

759, Jungheung-dong, Yeosu-si, Jeollanam-do, Korea

(New Address System : 58, Yeosusandan 4-ro, Yeosu-si, Jeollanam-do, Korea)

Zip Code

555-805

Tel

+82-61-688-2500

Fax

+82-61-688-2565

E-mail

lgmma@lgmma.com

Website

www.lgmma.com

Trading Address

27FL., ONE IFC, 10, Gukjegeumyung-ro, Yeongdeungpo-gu, Seoul, Korea

Tel

+82-2-6930-3800

Fax

+82-2-3770-1209

Other Address-PMMA 1 Plant

70-1, Hwachi-dong, Yeosu-si, Jeollanam-do, Korea

Tel

+82-1-680-1721

Fax

+82-61-680-6034

Other Address-PMMA 2 Plant

762-5, Jungheung-dong, Yeosu, Jollanam-do, Korea

Tel

+82-61-690-3952

Fax

+82-61-690-3988

Other Address-MMA 2 Plant

762-4, Jungheung-dong, Yeosu-si, Jeollanam-do, Korea

Tel

+82-61-690-3931

Fax

+82-61-690-3949

Other Address-R&D Center

104-1, Munji-dong, Yuseong-gu, Daejeon, Korea

Tel

+82-42-866-5828

Fax

+82-42-866-5799

Type

Export/Import

Industry

Manufacture of Synthetic Resin and Other Plastic Materials

  Main Business

Methyl Methacrylate, Poly Methylmethacrylate, Methacrylic Acid

  Sub Business

Wholesale of Industrial Basic Chemicals

Established (mm/dd/yyyy)

03/28/1991

The Subject owns the premises of Registered Address/ MMA 1 Plant and MMA 2 Plant.

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Acrylic resins(13111064)

Sell

Polymethylacrylate(13111053)

Sell

Chemistry reagents or solutions(41116105)

Sell

Resins(13111000)

 

CEO’s

 

Name

Kwak Byung-Koo

Address

Suite 1421-606, 130, Mokdongdong-ro, Yangcheon-gu, Seoul, Korea

Date of Birth

09/23/1959

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

24,000,000,000

Employees

242

Formation

Co., Ltd by shares

A Company of LG Business Group

Foreign Direct Investment Corporation by Japan

Bank Details

Shinhan Bank-Yoido Nam Branch

Korea Development Bank

Corporate Registered No.

206211-0001805

Business Registered No.

417-81-05600

Permit & Licenses

12/27/2004 ISO 9001

10/12/2005 ISO 14001

10/29/2007 ISO 9001

2003 Acquired ISO/TS 16946 certification

1998 Won a certificate for an accident-free record

1998 Became the certified first-class firm in the safety and health control

1996 Acquired ISO 14001 Certificate

1995 Acquired ISO 9002 Certificate

 

UL :Product safety testing and certification system of the United States to ensure safety of products and protect consumers. Products with UL mark can be sold in all over the America, and can enter the US federal government procurement market as well. UL mark is mandatory for a plastic resin applied to electric and electronic packing material, and proper resin needs to be selected in manufacturing the product.

 

JHPC :Certification of Japan High Polymer Center

RoHS :Restriction of Hazardous Substances defined by European Union (EU), restricting the use of products containing non-environmental friendly substances like cadmium, lead, mercury, hexavalent chromium, and the brominated flame retardants PBBs/PBDEs.

 

AMECA :Standard for automotive parts material, released by AMECA (Automotive Manufacturers Equipment Compliance Agency). Click LG MMA in the table of contents to see the certified products and colors.

 

MSDS :Data prepared by the company producing, importing, or dealing with chemical substance, based on the hazard assessment of the substance. It provides the employees and end users with the necessary information to safely handle chemical substance to prevent industrial accidents or occupational diseases caused by chemical substances. MSDS should be delivered to the user when selling or transferring chemical substance. CSDS (Chemical Safety Data Sheets), ICSC (International Chemical Safety Cards), SDS (Safety Data Sheets) are alternate terms used to refer to the same data.

 

Int’l Trade No.: 124269

Shareholder Position

Name

Shares

%

LG CORP.(110111-0003543)

1,200,000

50.00

SUMITOMO CHEMICAL CO., LTD. (JAPAN)

600,000

25.00

JAPANESE INTEGRATED CHEMICAL COMPANIES(JAPAN)

600,000

25.00

TOTAL

2,400,000

100.00

Company History

04/16/2012 Moved to the present trading address from 12th Fl., Yuhwa Securities Bldg., 23-7, Yeoeuido-dong, Yeongdeungpo-gu, Seoul, Korea

2008 Completion of MMA Plant 3 and commercial manufacture expected

2006 Started construction of MMA Plant 3

2005 Completed PMMA Plant 2

2005 Rewarded as an exemplary honest taxpayer

2004 Won the Innovation Award of medium business at Korea Financial Management Award

2003 Completed MMA Plant 2

2003 Won 6 Sigma Innovation Award in National Quality Management Convention 

2003 Acquired ISO/TS 16946 certification

2002 Achieved aggregated 30 million USD

2002 Enlarged PMMA Plant by 60%

2001 Started to build up MMA 2nd Plant

2000 Became the best firm for safety control by the Yochon Industry Complex

09-2000 Co-Presidents & CEO: Mr. Cha-Sup Koo and Mr. Sanjeonjeok

1999 Decorated with the Golden Top Order for Industrial Service Merit

12/31/1998 Signed an PMMA Plant Takeover Agreement of LG Chem., Ltd.

1998 Won the grand prize for safety management in the chemical industry

1998 Won a certificate for an accident-free record

1998 Became the certified first-class firm in the safety and health control

04-1998 Moved its headquarters to 759, Jungheung-Dong, Yeosu-Si, Jeonnam-Do

1997 Enhanced MAA manufacturing devices and MTBE production capacity

1997 Won the Quality Management Prize at the National Quality Management

Competition

1996 Acquired ISO 14001 Certificate

1996 Signed MMA Manufacturing Technology Introduction Agreement

1996 Enlarged MMA Plant by 20%

1995 Acquired ISO 9002 Certificate

1995 Changed the name to LG MMA

1994 Introduced Total Information System to Physical Distribution, Production and Finance

1993 Produced MMA for the first time in Korea

1993 Completed MMA/MTBE Plant

1991 Signed MMA Manufacturing Technology Introduction Agreement

03-1991 Incorporated as LUCKY MMA CORP.(a Joint-Venture with LG Chem CO., Ltd., Korea, and Sumitomo Chemical Co., Ltd., Japan.)

 

 

 

 

Detailed Information

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

Co-President & CEO

Mr.

Kwak Byung-Koo

Male

Korean

01/02/2012

Co-President & CEO

Mr.

Yamada Kohichiro

Male

Japanese

03/21/2013

Director

Mr.

Park Jin-Soo

Male

Korean

03/22/2012

Director

Mr.

Yoon Kyung-Sun

Male

Korean

02/02/2009

Director

Mr.

Sakuma Kazhiro

Male

Japanese

06/07/2010

Director

Mr.

You Ji-Young

Male

Korean

03/24/2011

Auditor

Mr.

Lee Dong-Eon

Male

Korean

03/24/2011

Auditor

Mr.

Machida kenichiro

Male

Japanese

04/02/2012

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2012

587,248,797,405

482,295,772,479

45,654,453,796

2011

638,420,801,122

555,700,104,956

119,227,173,783

2010

562,733,359,475

523,081,727,196

98,853,225,581

2009

461,342,873,337

502,790,052,605

55,097,544,357

2008

409,265,991,274

526,674,927,511

30,192,209,832

2007

326,463,195,624

457,737,104,391

33,996,100,837

2006

287,451,748,276

 301,857,650,945

27,947,359,124

2005

269,608,331,403

270,478,758,222

45,385,171,955

2004

223,544,912,665

243,659,444,214

39,799,167,163

2003

192,878,098,749

218,047,327,087

27,600,147,954

 

 

Financial Description

 

Authorized Capital(KRW)

24,000,000,000

Paid-Up Capital(KRW)

24,000,000,000

Total Issues Shares

2,400,000

 

Balance Sheet

Unit : Korean Won

As of 12/31/2012

As of 12/31/2011

As of 12/31/2010

Total Assets

482,295,772,479

555,700,104,956

523,081,727,196

Current Assets

232,942,595,546

283,953,529,372

231,386,318,560

Cash & Cash Equivalents

57,339,338,181

79,804,485,754

64,454,770,223

Trade Receivables & Other Receivables

61,234,254,876

67,629,882,803

68,992,438,317

Current Financial Instruments

-

1,842,967,405

6,285,157,451

Other Current Assets

9,473,810,423

8,044,684,227

8,622,247,292

Inventories

104,895,192,066

126,631,509,183

83,031,705,277

Non-Current Assets

249,353,176,933

271,746,575,584

291,695,408,636

Long-Term Trade Receivables & Other Receivables

6,673,584,640

6,255,367,980

6,010,679,764

Non-Current Financial Instruments

　

　

1,558,412,006

Deferred Income Tax Assets

2,052,909,656

2,194,103,691

1,877,629,191

Tangibles

238,471,469,533

261,463,550,451

280,588,698,428

Intangibles

2,155,213,104

1,833,553,462

1,659,989,247

Total Liabilities

56,396,088,374

113,951,190,263

159,282,312,992

Current Liabilities

55,082,482,355

112,641,068,905

148,667,806,712

Trade Payables & Other Payables

39,534,497,431

69,717,058,956

49,702,731,576

Short-Term Borrowings

10,047,679,435

18,747,873,809

74,314,117,977

Accrued Income Tax

4,904,506,211

23,598,013,387

23,869,769,678

Other Current Liabilities

595,799,278

578,122,753

781,187,481

Non-Current Liabilities

1,313,606,019

1,310,121,358

10,614,506,280

Provision for Severance & Retirement

1,313,606,019

1,310,121,358

174,724,763

Long-Term Borrowings

　

　

10,439,781,517

Capital Stock

24,000,000,000

24,000,000,000

24,000,000,000

Capital Surplus

29,041,064,441

29,041,064,441

29,041,064,441

Others

-

-36,768,248

-760,762,044

Profit Surplus

372,858,619,664

388,744,618,500

311,519,111,807

Total Equity

425,899,684,105

441,748,914,693

363,799,414,204

Liab. & Shareholder’s Equity

482,295,772,479

555,700,104,956

523,081,727,196

 

Income Statement

Unit : Korean Won

As of 12/31/2012

As of 12/31/2011

As of 12/31/2010

Sales

587,248,797,405

638,420,801,122

562,733,359,475

Cost of Sold Goods

-507,402,936,254

-464,349,093,656

-407,362,436,861

Gross Profit

79,845,861,151

174,071,707,466

155,370,922,614

Selling & Admin. Expenses

-21,778,072,542

-18,634,365,973

-17,758,354,560

Operating Income

58,067,788,609

155,437,341,493

135,682,779,864

Non-Operating Income

342,331,688

253,961,178

-5,935,905,931

Other Income

3,769,846,399

3,737,152,094

       4,265,969,345

Other Expenses

-4,445,220,352

-4,127,598,825

       (6,195,757,535)

Finance Income

1,854,168,029

2,825,744,507

2,530,677,429

Finance Expenses

-836,462,388

-2,181,336,598

-8,344,183,360

Non-Operating Expenses

　

　

-122,400,000

Income Before Taxes

58,410,120,297

155,691,302,671

129,746,873,933

Income Taxes Expenses

-12,755,666,501

-36,464,128,888

-30,893,648,352

Net Income

45,654,453,796

119,227,173,783

98,853,225,581

 

Cash Flows

Unit : Korean Won

As of 12/31/2012

As of 12/31/2011

As of 12/31/2010

Operating Activities Cash Flows

64,512,507,230

138,273,603,970

116,737,323,287

Cash Flows from Operating

93,839,061,811

174,986,290,800

142,406,354,956

Interests Received

1,802,780,040

2,192,120,017

1,137,624,603

Interests Paid

-301,430,751

-1,852,447,168

-6,510,754,192

Income Taxes

-30,827,903,870

-37,052,359,679

-20,295,902,080

Cash Flows from Investing

-20,312,689,790

-23,007,871,527

-13,602,896,606

Cash Inflow from Investing

64,698,600

272,980,818

542,723,976

Cash Outflows for Investing

-20,377,388,390

-23,280,852,345

-14,145,620,582

Cash Flows from Financing

-66,664,965,013

-99,916,016,912

-92,426,052,602

Cash Inflows from Financing

10,191,434,468

38,372,111,676

43,674,267,694

Cash Outflows from Financing

-76,856,399,481

-138,288,128,588

-136,100,320,296

Increase/Decrease in Cash

-22,465,147,573

15,349,715,531

10,708,374,079

Cash at the Beginning of Year

79,804,485,754

64,454,770,223

53,746,396,144

Cash at the End of Year

57,339,338,181

79,804,485,754

64,454,770,223

 

 

Products, Technologies, Services Description

 

Main Products & Services

METHYL METHACRYLATE(MMA)

POLY METHYLMETHACRYLATE(PMMA)

METHACRYLIC ACID(MAA)

 

MMA

Subject company produced MMA for the first time in Korea in 1993. MMA is widely used in various industries as a raw material for transparent plastic resins such as PMMA, optical fiber materials, paints and adhesives.

 

PMMA

MMA is used for the automotive industry, components of electric and electronic products, and construction materials for its excellent transparency, weatherability and colorability. Our products are well recognized worldwide for their excellency: they meet the various international standards, which include the flame retardant standard from UL and CSA, the AMECA standard for automotive vehicles, and the JHPC directive of the Ministry of Health in Japan.

Detailed Products Spec.

MMA: 100,000 M/T

PMMA : 90,000 M/T

 

 

Trade Partners & Competitors

 

Suppliers

LG CHEM, LTD.

LG PETROCHEM. CO., LTD.

CS CALTEX CORPORATION

LG CNS CO., LTD.

LG INTERNATIONAL CORP.

GS ENGINEERING & CONSTRUCTION CORP.

 

SHINHAN APEX CORPORATION

Customers

LG CHEM, LTD.

LG PETROCHEM. CO., LTD.

LG INTERNATIONAL CORP.

GS ENGINEERING & CONSTRUCTION CORP.

 

 

Related Parties (Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates-Domestic

LG CORP.(110111-0003543)

LG ELECTRONICS INC.(110111-2487050)

LG CHEM LTD.(110111-2207995)

LG DACOM CORPORATION(110111-0315948)

LG INTERNATIONAL CORP(110111-0004632)

LG CHEM LTD.(110111-2207995)

LG HOUSEHOLD & HEALTH CARE LTD.(110111-2208000)

LG LIFE SCIENCES CO.,  LTD.(110111-2581183)

LG DISPLAY CO., LTD.(110111-0393134)

LG TELECOM CO., LTD.(110111-1296676)

LG INNOTEK CO., LTD.(110111-0192180)

LG MICRON LTD.(175311-0001075)

LG DOW POLYCARBONATE CO., LTD.(206211-0014519)

LG CNS CO., LTD.(110111-0516695)

LG SPORTS CO., LTD.(110111-0359300)

LG MANAGEMENT DEVELOPMENT INSTITUTE CO., LTD.(110111-0423494)

SILTRON INCORPORATED(175311-0001348)

LG MMA CORPORATION(206211-0001805)

DACOM MULTIMEDIA INTERNET CORPORATION(110111-1905441)

DACOM CROSSING CORPORATION(110111-2234683)

SERVEONE(110111-2411520)

LG N SYS CO., LTD.(110111-2397027)

HIPLAZA CO., LTD.(131111-0028801)

LG POWERCOM CORPORATION(110111-1863889)

HI BUSINESS LOGISTICS CO.,LTD.

V-ENS CO., LTD.(120111-0334897)

LUSEM CO., LTD.(176011-0038073)

CS LEADER CO., LTD.(110111-2271924)

AIN TELE SERVICE CO., LTD.(180111-0367581)

BIZ TECH & EKTIMO CO., LTD.(110111-2689507)

LG SOLAR ENERGY INC.(110111-3759408)

COCA-COLA BEVERAGE CO., LTD.(110111-1342130)

UCESS PARTNERS CO., LTD.(110111-3798026)

SYSTEM AIR-CON ENGINEERING INCORPORATION(110111-3371989)

JIHEUNG CO., LTD.(180111-0630053)

CS ONE PARTNER CORPORATION(110111-3961756)

SEETECH CO., LTD.

TWIN WINE CO., LTD.(110111-3791129)

KOREA COMMERCIAL VEHICLE CO., LTD.(200111-0105200)

GIOVINE CO., LTD.(110111-3942714)

PIXDIX CO., LTD.(110111-3947657)

Affiliates-Overseas

LG INNOTEK HUIZHOU CO.,LTD

SERVEONE(NANJING) COMPANY LIMITED

ARCELIC-LG KLIMA SANAYI VE TICARTE A.S(LGEAT)

BEIJING LG HOUSEHOLD CHEMICAL CO., LTD.

CCKBC(NETHERLANDS)HOLDING Ⅰ BV

CCKBC(NETHERLANDS)HOLDING Ⅱ BV

COMPACT POWER INC.

DACOM AMERICA INC.

DE ZWARTE PONK B.V.(DZP)

EIC PROPERTIES PTE.LTD.

ELECTROMAGNETICA GOLDSTAR S.R.L

EPC MUNAI LLP

FOSCO B.V.

GFTZ LG INTERNATIONAL LTD.

GLOBAL PROFESSIONAL SOURCING CO., LTD

GUANGZHOU NEW VISION TECHNOLOGY RESEARCH AND DEVELOPMENT LIMITED

HANGZHOU LG COSMETICS CO., LTD.

HI LOGISTICS CHINA

HI LOGISTICS EUROPE B.V.

LANCHAO LG(YANTAI)DIGITAL MOBILE TECH& DEVELOP.CO.

INSPUR LG DIGITAL MOBILE COMMUNICATIONS CO., LTD.

LG (TIMOR SEA 06-102) LTD

LG (YANTAI) INFORMATION & COMMUNICATION TECH.

LG ALINA ELECTONICS(LGERI)

LG CHEM BRASIL INTERMEDICAO DE NEGOCIOS DO SETOR QUIMICO LTDA.

LG CHEM DISPLAY MATERIAL CO., LTD

LG CHEM EUROPE GMBH

LG CHEM INDUSTRIAL MATERIALS INC.

LG CHEM POLAND SP. Z O. O.

LG CHEM TAIWAN, LTD.

LG CHEM(CHINA)INVESTMENT CO.,LTD.

LG CHEM(NANJING) INFO & ELECTRONIC MATERIALS CO. LTD

LG CHEM(TIANJIN) ENGINEERING PLASTICS CO., LTD

LG CHEMICAL AMERICA INC.

LG CHEMICAL HONG KONG LTD.

LG CHEMICAL INDIA PRIVATE LTD.

LG CHEMICAL TRADING CO., LTD

LG CHEMICAL(GUANGZHOU) ENGINEERING PLASTICS CO.,LTD

LG CNS AMERICA, INC

LG CNS BRASIL SERVICOS DE T.I.LTDA

LG CNS CHINA, INC

LG CNS EUROPE B.V

LG CNS GLOBAL PRIVATE LIMITED

Affiliates-Overseas

 

Affiliates-Overseas

LG ELECTRONICS RUS-MARKETING, LLC  

LG ELECTRONICS S.A.(PTY) LTD. (LGESA)

LG ELECTRONICS SINGAPORE PTE LTD

LG ELECTRONICS TAIWAN TAIPEI CO., LTD.

LG ELECTRONICS THAILAND CO.,LTD.(LGETH)

LG ELECTRONICS TIANJIN APPLIANCES CO., LTD.

LG ELECTRONICS TICARET A.S

LG ELECTRONICS UKLAINE

LG ELECTRONICS UNITED KINGDOM LTD. (LGEUK)

LG ELECTRONICS USA INC. (LGEUS)

LG ELECTRONICS VIETNAM LTD. (LGESV)

LG ELECTRONICS WALES LTD. (LGEWA)

LG ELECTRONICS WROCLAW SP. ZO.O

LG ELECTRONICS(CHINA) RESEARCH AND DEVELOPMENT CENTER CO., LTD

LG H&H TRADING(SHANGHAI) CO.LTD.

LG HOLDINGS LTD. (LGHK)

LG HOUSEHOLD & HEALTH CARE AMERICA, INC

LG INNOTEK MEXICALI S.A. DE C.V

LG INNOTEK POLAND SP. ZO.O.

LG INNOTEK USA INC.

LG INNOTEK YANTAI CO., LTD

LG INTERNATIONAL AMERICA INC.

LG INTERNATIONAL CORP.(SINGAPORE) PTE. LTD.

LG INTERNATIONAL JAPAN LTD.

LG INTERNATIONAL INVESTMENT (CANADA) LTD.

LG INTERNATIONAL SAUDI LLC

LG INTERNATIONAL (AUSTRALIA) PT'S, LTD.

LG INTERNATIONAL(DEUTCHLAND) GMBH

LG INTERNATIONAL(HK) LIMITED

LG INTERNATIONAL (U.K.) LTD.

LG LIFE SCIENCES INDIA PVT,LTD

LG LIFE SCIENCES POLAND, LTD

LG MICRON(FUJIAN) ELECTRONICS CO.,LTD

LG MICRON (TAIWAN) LTD.

LG MITR ELECTRONICS CO., LTD. (LGEMT)

LG PHILIPS LCD AMERICA INC.

LG PHILIPS LCD GERMANY GMBH

LG PHILIPS LCD HONGKONG CO.,LTD

LG PHILIPS LCD JAPAN CO.LTD.

LG PHILIPS LCD NANJING CO. LTD

LG.PHILIPS LCD SHENZEN CO., LTD.

LG PHILIPS LCD TAIWAN CO. LTD. (LGPLT)

Affiliates-Overseas

LG CNS JAPAN, INC

LG CNS PHILIPINES, INC

LG ELCTRONICS NORWAY AS

LG ELECTONICS HUIZHOU LTD.

LG ELECTRONICS (KUNSHAN) COMPUTER CO., LTD.

LG ELECTRONICS (LEVANT) - JORDAN

LG ELECTRONICS (NANJING) PLASMA CO., LTD

LG ELECTRONICS (SHENYANG) INC.(LGESY)

LG ELECTRONICS AFRICA LOGISTICS FZE

LG ELECTRONICS ALAMABA, INC. (LGEAI)

LG ELECTRONICS ALMATY KAZAK CO., LTD.(LGEAK)

LG ELECTRONICS ARGENTINA S.A.(LGEAR)

LG ELECTRONICS AUSTRALIA PTY., LTD. (LGEAP)

LG ELECTRONICS AUSTRIA GMBH

LG ELECTRONICS BENELUX SALES B.V.

LG ELECTRONICS CANADA,INC. (LGECI)

LG ELECTRONICS CHINA CO., LTD. (LGECH)

LG ELECTRONICS COLOMBIA, LTDA.(LGECB)

LG ELECTRONICS CZECH S.R.O.

LG ELECTRONICS DA AMAZONIA LTDA (LGEAZ)

LG ELECTRONICS DE SAO PAULO LTDA. (LGESP)

LG ELECTRONICS DEUTSCHLAND.GMBH. (LGEDG)

LG ELECTRONICS EGYPT CARIO S.A.E (LGEEC)

LG ELECTRONICS EGYPT S.A.E. (LGEEG)

LG ELECTRONICS ESPANA S.A. (LGEES)

LG ELECTRONICS EUROPEAN HOLDINGS B.V.

LG ELECTRONICS EUROPEAN LOGISTICS & SERVICES B.V.

LG ELECTRONICS EUROPEAN SHARED SERVICE CENTER B.V.

LG ELECTRONICS FRANCE S.A.R.L.

LG ELECTRONICS GULF FZE (LGEGF)

LG ELECTRONICS HELLAS S.A

LG ELECTRONICS HK LTD.(LGEHK)

LG ELECTRONICS INC. CHILE LIMITADA

LG ELECTRONICS INDIA (PVT.) LTD. (LGEIL)

LG ELECTRONICS ITALY S.P.A. (LGEIS)

LG ELECTRONICS JAPAN INC. (LGEJP)

LG ELECTRONICS JIT EUROPE B.V

LG ELECTRONICS LATVIA LLC

LG ELECTRONICS MAGYAR KFT. (LGEMK)

LG ELECTRONICS MALAYSIA SDN. BHD.(LGEML)

LG ELECTRONICS MEXICALI, S. A. DE C. V. (LGEMX)

LG ELECTRONICS MEXICO S.A. DE C.V (LGEMS)

LG ELECTRONICS MIDDLE EAST CO., LTD.

LG ELECTRONICS MLAWA SP.ZO.O (LGEMA)

LG ELECTRONICS MOBILE RESEARCH U.S.A. LLC (LGEMR)

LG ELECTRONICS MOBILECOMM FRANCE S.A.S

LG ELECTRONICS MOBLECOMM U.S.A., INC.(LGEMU)

LG ELECTRONICS MONTERREY MEXICO S.A. DE C.V.

LG ELECTRONICS MOROCCO SARL(LGEMC)

LG ELECTRONICS NANJING DISPLAY CO.,LTD

LG ELECTRONICS(HANGZHOU) RECORDING MEDIA CO., LTD

LG ELECTRONICS NIGERIA LIMITED(LGENI)

Affiliates-Overseas

LG ELECTRONICS NORDIC AB

LG ELECTRONICS OVERSEAS TRADING FZE

LG ELECTRONICS PANAMA S.A. (LGEPS)

LG ELECTRONICS PERU S.A. (LGEPR)

LG ELECTRONICS PHILIPPINES, INC. (LGEPH)

LG ELECTRONICS POLSKA SP.ZO.O (LGEPL)

LG ELECTRONICS PORTUGAL S.A.

LG ELECTRONICS QINHUANGDAO CO.,LTD(LGEQH)

LG ELECTRONICS RAYNOSA, S.A.DE C.V(LGERS)

LG ELECTRONICS ROMANIA S.R.L

LG ELECTRONICS RUS.LLC

LG PROPERTIES PTE. LTD.

LG SOFT INDIA PVT LTD.(LGSI)

LG SOLID SOURCE, LLC

LG VINA CHEMICAL J/V COMPANY

LG VINA COSMETICS

LG.PHILIPS LCD GUANGZHOU CO., LTD.(LPLGZ)

LG.PHILIPS LCD POLAND SP. Z O.O.

LG.PHILIPS LCD SHANGHAI CO., LTD.

LG-SHAKER CO.,LTD

MONGOLIA RESOURCES INVESTMENT LIMITED

NAKHODKA FEZ TELECOMMUNICATIONS CO.LTD.(ROKOTEL)

NANJING LG INTERNATIONAL VMI LTD.CO.

NANJING LG PANDA APPLIANCES CO., LTD. (LGEPN)

NINGBO LG YONGXING CHEMICAL CO., LTD.

PHILCO RESOURCES LIMITED

PT LG CNS INDONESIA

PT LG ELECTRONICS INDONESIA (LGEIN)

PT. BATUBARA GLOBAL ENERGY

PT. GOLDEN HYUNDAI MACHINERY(PT.GHM)

PT. KIMCO ENERGY UTAMA

PT. LG INNOTEK INDONESIA

PT. TUTUI BATUBARA UTAMA

QINGDAO LG INSPUR DIGITAL COMMUNICATION CO., LTD.

RESOURCES INVESTMENT (H.K) LIMITED

SHANGHAI LG ELECTRONICS  CO., LTD. (LGESH)

SILTRON AMERICA, INC.

TAIZHOU LG ELECTRONIC REFRIGERATION CO.LTD(LGETR)

TIANJIN LG BOHAI CHEMICL CO.,LTD.

TIANJIN LG DAGU CHEMICAL CO., LTD.

TIANJIN LG NEW BUILDING MATERIALS CO., LTD.

TRIVENI DIGITAL INC.

V-ENS (M) SDN. BHD.

ZENITH ELECTRONICS CO. (ZENITH)

Overseas Office

 

Liaison Office

 

Overseas Branch

 

Joint Venture

 

Subsidiary

 

Corporate Ownership

LG CORP.(110111-0003543)

Major Shareholders

LG CORP.(110111-0003543)

SUMITOMO CHEMICAL CO., LTD. (JAPAN)

JAPANESE INTEGRATED CHEMICAL COMPANIES (JAPAN)

Cooperative Enterprise

-Technical Support from

SUMITOMO CHEMICAL CO., LTD.(JAPAN)

 

-Insured Company

LIG INSURANCE CO., LTD(110111-0017859)

 

 

Sales by Region (Activity & Markets)

 

Sales/ Unit : KRW

2009

2008

2007

Export

348,174,887,451

301,057,053,116

238,043,592,088

Domestic

112,390,164,231

106,339,754,168

87,222,336,577

Others

777,821,655

1,869,183,990

1,197,266,959

Total

461,342,873,337

409,265,991,274

326,463,195,624

 

 

 

News Clipping

 

Not Available

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.28

UK Pound

1

Rs.99.03

Euro

1

Rs.83.80

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

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

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

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

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