MIRA
INFORM REPORT
|
Report Date : |
13.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
HUVIS CORP |
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Registered Office : |
12F, Poba Gangnam Tower
119, Nonhyeon-Dong, Gangnam-Gu Seoul, 135010 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
01.11.2001 |
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Legal Form : |
Public Independent |
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Line of Business : |
Subject is engaged in the manufacture of polyester fibers. |
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No. of Employees : |
937 |
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 |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
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.
|
Source
: CIA |
Company name and address
HUVIS CORP
|
12F, Poba Gangnam Tower
119, Nonhyeon-Dong, Gangnam-Gu Seoul, 135010 Korea, Republic of
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Business Description
HUVIS CORPORATION is a Korea-based company engaged in the
manufacture of polyester fibers. The Company's products include staple fibers
(SFs) and filament yarns (FYs), as well as polyester chips used in polyethylene
(PET) materials, bottles and films. Its SFs include spinning fibers and non
woven fibers, which are used for blankets, artificial furs, toy skins, wall
papers, industrial and special papers, industrial and automobile filters, among
others. Its FYs are mainly used for apparels, casual sports, interiors,
eco-products and other industrial products. The Company distributes its
products within domestic market and to overseas markets. For the six months
ended 30 June 2013, Huvis Corp revenues decreased 3% to W767.8B. Net income
decreased 44% to W17.23B. Revenues reflect South Korea segment decrease of 8%
to W139.72B, Asia segment decrease of 2% to W116.11B. Net income also reflects
Other Non-Operating Expense increase from W6.65B to W13.77B (expense), Selling
& Administrative Expense increase of 2% to W44.18B (expense).
Industry
|
Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
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NACE Rev 2: |
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NAICS 2012: |
325220 -
Artificial and Synthetic Fibers and Filaments Manufacturing |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
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Name |
Title |
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Chief Executive Officer, Director |
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Assistant Managing Director |
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Non-Executive Independent Director |
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Director |
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Non-Executive Independent Director |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
1 |
21-Feb-2013 |
* number of
significant developments within the last 12 months
News
|
Title |
Date |
|
Cotton
& MMF come together at Dornbirn Congress |
8-Oct-2013 |
|
Cotton
& MMF come together at Dornbirn Congress |
4-Oct-2013 |
|
52nd
Dornbirn Man-made Fibers Congress: Communicating The Future Of Man-made
Fibers |
24-Sep-2013 |
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Method for
providing customized cosmetics and the system used therefor |
9-Sep-2013 |
|
US Patent
Issued to Aram Huvis on Sept. 3 for "Method for providing customized
cosmetics and the system used therefor" (South Korean Inventor) |
3-Sep-2013 |
|
Certain
Polyester Staple Fiber From the Republic of Korea Notice Posted in Federal
Register |
21-Aug-2013 |
Financial Summary
As of 30-Jun-2013
|
Key Ratios |
Company |
Industry |
|
Current Ratio (MRQ) |
1.01 |
2.75 |
|
Quick Ratio (MRQ) |
0.63 |
1.45 |
|
Debt to Equity (MRQ) |
0.41 |
0.52 |
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Sales 5 Year Growth |
7.63 |
10.05 |
Stock Snapshot
Traded: Korea Stock Exchange: 079980
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As of 27-Sep-2013 Financials in: KRW |
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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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ANZSIC 2006 Codes: |
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1829 |
- |
Other Basic Polymer Manufacturing |
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ISIC Rev 4 Codes: |
||
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2030 |
- |
Manufacture of man-made fibres |
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NACE Rev 2 Codes: |
||
|
2060 |
- |
Manufacture of man-made fibres |
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NAICS 2012 Codes: |
||
|
325220 |
- |
Artificial and Synthetic Fibers and Filaments
Manufacturing |
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US SIC 1987: |
||
|
2824 |
- |
Manmade Organic Fibers, Except Cellulosic |
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UK SIC 2007: |
||
|
2060 |
- |
Manufacture of man-made fibres |
HUVIS CORPORATION is a Korea-based company engaged in the
manufacture of polyester fibers. The Company's products include staple fibers
(SFs) and filament yarns (FYs), as well as polyester chips used in polyethylene
(PET) materials, bottles and films. Its SFs include spinning fibers and non
woven fibers, which are used for blankets, artificial furs, toy skins, wall
papers, industrial and special papers, industrial and automobile filters, among
others. Its FYs are mainly used for apparels, casual sports, interiors,
eco-products and other industrial products. The Company distributes its
products within domestic market and to overseas markets. For the six months
ended 30 June 2013, Huvis Corp revenues decreased 3% to W767.8B. Net income
decreased 44% to W17.23B. Revenues reflect South Korea segment decrease of 8%
to W139.72B, Asia segment decrease of 2% to W116.11B. Net income also reflects
Other Non-Operating Expense increase from W6.65B to W13.77B (expense), Selling
& Administrative Expense increase of 2% to W44.18B (expense).
More Business Descriptions
Manufacture of synthetic fibers, including polyester
filament yarn, polyester chip.
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Auditor: |
Deloitte & Touche LLP |
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Auditor: |
Deloitte & Touche LLP |
Executives Report
Board of Directors
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Non-Executive Independent Director |
Director/Board Member |
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Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Chief Executive Officer, Director |
Director/Board Member |
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Executives
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Chief Executive Officer, Director |
Chief Executive Officer |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Huvis Corp Declares Annual Cash Dividend for FY 2012
Feb 21, 2013
Huvis Corp announced that it has declared an annual cash dividend of KRW 300
per share of common stock to shareholders of record on December 31, 2012, for
the fiscal year 2012. The dividend rate of market price is 2.9% and the total
amount of the cash dividend is KRW 10,350 million.
News
Annual Income Statement
|
Financials in: USD (mil) |
|
|
Except for share items
(millions) and per share items (actual units) |
|
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
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 |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
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|
Net Sales |
1,386.6 |
1,506.6 |
1,172.5 |
916.6 |
1,036.2 |
|
Revenue |
1,386.6 |
1,506.6 |
1,172.5 |
916.6 |
1,036.2 |
|
Total Revenue |
1,386.6 |
1,506.6 |
1,172.5 |
916.6 |
1,036.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
1,255.3 |
1,359.2 |
1,038.0 |
832.3 |
963.3 |
|
Cost of Revenue, Total |
1,255.3 |
1,359.2 |
1,038.0 |
832.3 |
963.3 |
|
Gross Profit |
131.3 |
147.4 |
134.5 |
84.4 |
73.0 |
|
|
|
|
|
|
|
|
Selling/General/Administrative
Expense |
58.2 |
57.7 |
69.7 |
50.6 |
62.3 |
|
Labor & Related Expense |
13.7 |
12.2 |
10.6 |
8.4 |
9.7 |
|
Advertising Expense |
- |
- |
- |
0.2 |
0.2 |
|
Total Selling/General/Administrative Expenses |
71.8 |
69.9 |
80.3 |
59.2 |
72.2 |
|
Research & Development |
5.0 |
12.2 |
9.2 |
4.6 |
4.6 |
|
Depreciation |
0.4 |
0.4 |
0.5 |
0.4 |
0.6 |
|
Amortization of Intangibles |
0.2 |
0.2 |
0.4 |
0.2 |
0.1 |
|
Depreciation/Amortization |
0.7 |
0.5 |
0.9 |
0.5 |
0.7 |
|
Investment
Income - Operating |
- |
- |
0.4 |
- |
- |
|
Interest/Investment Income -
Operating |
- |
- |
0.4 |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
- |
- |
0.4 |
- |
- |
|
Impairment-Assets Held for Use |
- |
- |
2.8 |
- |
- |
|
Loss (Gain) on Sale of Assets -
Operating |
- |
- |
10.1 |
- |
- |
|
Unusual Expense (Income) |
- |
- |
12.9 |
- |
- |
|
Other Operating Expense |
1.8 |
2.8 |
2.6 |
- |
- |
|
Other, Net |
- |
- |
-2.0 |
- |
- |
|
Other Operating Expenses, Total |
1.8 |
2.8 |
0.6 |
- |
- |
|
Total Operating Expense |
1,334.5 |
1,444.7 |
1,142.3 |
896.6 |
1,040.8 |
|
|
|
|
|
|
|
|
Operating Income |
52.1 |
62.0 |
30.2 |
20.1 |
-4.6 |
|
|
|
|
|
|
|
|
Interest
Expense - Non-Operating |
-5.0 |
-9.4 |
-12.0 |
-15.6 |
-19.3 |
|
Interest Expense, Net
Non-Operating |
-5.0 |
-9.4 |
-12.0 |
-15.6 |
-19.3 |
|
Interest
Income - Non-Operating |
1.9 |
1.3 |
0.4 |
0.4 |
0.3 |
|
Investment
Income - Non-Operating |
4.2 |
1.9 |
2.9 |
-3.5 |
-6.3 |
|
Interest/Investment Income -
Non-Operating |
6.1 |
3.2 |
3.3 |
-3.1 |
-6.0 |
|
Interest Income (Expense) - Net
Non-Operating |
0.0 |
0.0 |
0.0 |
- |
- |
|
Interest Income (Expense) - Net Non-Operating Total |
1.1 |
-6.2 |
-8.7 |
-18.7 |
-25.3 |
|
Gain (Loss) on Sale of Assets |
-1.3 |
-0.3 |
-0.2 |
-0.4 |
2.1 |
|
Other Non-Operating Income
(Expense) |
1.5 |
4.7 |
- |
2.7 |
2.0 |
|
Other, Net |
1.5 |
4.7 |
- |
2.7 |
2.0 |
|
Income Before Tax |
53.4 |
60.2 |
21.4 |
3.6 |
-25.8 |
|
|
|
|
|
|
|
|
Total Income Tax |
6.7 |
-2.9 |
6.0 |
0.8 |
-1.2 |
|
Income After Tax |
46.7 |
63.2 |
15.4 |
2.8 |
-24.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.1 |
-0.3 |
-0.1 |
0.0 |
0.3 |
|
Net Income Before Extraord Items |
46.6 |
62.8 |
15.3 |
2.8 |
-24.3 |
|
Net Income |
46.6 |
62.8 |
15.3 |
2.8 |
-24.3 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
46.6 |
62.8 |
15.3 |
2.8 |
-24.3 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
46.6 |
62.8 |
15.3 |
2.8 |
-24.3 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
33.8 |
28.8 |
28.8 |
34.5 |
34.5 |
|
Basic EPS Excl Extraord Items |
1.38 |
2.18 |
0.53 |
0.08 |
-0.71 |
|
Basic/Primary EPS Incl Extraord Items |
1.38 |
2.18 |
0.53 |
0.08 |
-0.71 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
46.6 |
62.8 |
15.3 |
2.8 |
-24.3 |
|
Diluted Weighted Average Shares |
33.8 |
28.8 |
28.8 |
34.5 |
34.5 |
|
Diluted EPS Excl Extraord Items |
1.38 |
2.18 |
0.53 |
0.08 |
-0.71 |
|
Diluted EPS Incl Extraord Items |
1.38 |
2.18 |
0.53 |
0.08 |
-0.71 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
5.0 |
9.4 |
12.0 |
15.6 |
19.3 |
|
Depreciation, Supplemental |
25.8 |
27.3 |
37.5 |
35.2 |
44.0 |
|
Total Special Items |
1.3 |
0.3 |
13.1 |
0.4 |
-2.1 |
|
Normalized Income Before Tax |
54.7 |
60.5 |
34.5 |
4.0 |
-27.9 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.2 |
0.1 |
3.7 |
0.1 |
-0.7 |
|
Inc Tax Ex Impact of Sp Items |
6.9 |
-2.8 |
9.7 |
0.9 |
-1.9 |
|
Normalized Income After Tax |
47.8 |
63.3 |
24.8 |
3.1 |
-26.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
47.6 |
63.0 |
24.7 |
3.1 |
-25.7 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.41 |
2.18 |
0.86 |
0.09 |
-0.74 |
|
Diluted Normalized EPS |
1.41 |
2.18 |
0.86 |
0.09 |
-0.74 |
|
Amort of Intangibles, Supplemental |
0.3 |
0.2 |
0.4 |
0.2 |
0.1 |
|
Rental Expenses |
1.9 |
2.1 |
2.1 |
1.4 |
1.8 |
|
Advertising Expense, Supplemental |
0.9 |
0.3 |
0.2 |
0.2 |
0.2 |
|
Research & Development Exp, Supplemental |
5.0 |
12.2 |
9.2 |
4.6 |
4.6 |
|
Normalized EBIT |
52.1 |
62.0 |
43.6 |
20.1 |
-4.6 |
|
Normalized EBITDA |
78.2 |
89.4 |
81.4 |
55.4 |
39.5 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
UpdateType/Date |
Updated Normal |
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 |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
91.8 |
47.6 |
43.3 |
23.5 |
26.9 |
|
Short Term Investments |
24.5 |
0.3 |
0.1 |
1.9 |
0.2 |
|
Cash and Short Term Investments |
116.3 |
47.8 |
43.4 |
25.4 |
27.1 |
|
Accounts
Receivable - Trade, Gross |
164.6 |
167.7 |
150.7 |
110.2 |
87.1 |
|
Provision for
Doubtful Accounts |
-7.1 |
-6.4 |
-6.9 |
-7.6 |
-10.8 |
|
Trade Accounts Receivable - Net |
157.6 |
161.3 |
143.8 |
102.7 |
76.3 |
|
Other Receivables |
10.3 |
7.0 |
5.2 |
6.9 |
17.4 |
|
Total Receivables, Net |
167.9 |
168.4 |
149.1 |
109.6 |
93.7 |
|
Inventories - Finished Goods |
65.6 |
71.2 |
54.6 |
46.3 |
46.4 |
|
Inventories - Work In Progress |
45.0 |
40.8 |
37.4 |
20.6 |
17.0 |
|
Inventories - Raw Materials |
17.8 |
19.9 |
18.5 |
11.1 |
10.6 |
|
Inventories - Other |
19.6 |
26.6 |
21.4 |
17.5 |
22.0 |
|
Total Inventory |
147.9 |
158.6 |
132.0 |
95.5 |
96.0 |
|
Prepaid Expenses |
2.1 |
1.4 |
1.0 |
1.4 |
1.7 |
|
Deferred Income Tax - Current
Asset |
- |
- |
- |
1.2 |
2.0 |
|
Other Current Assets |
0.0 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Other Current Assets, Total |
0.0 |
0.1 |
0.0 |
1.3 |
2.0 |
|
Total Current Assets |
434.3 |
376.3 |
325.5 |
233.2 |
220.5 |
|
|
|
|
|
|
|
|
Buildings |
126.3 |
117.4 |
115.7 |
129.4 |
120.4 |
|
Land/Improvements |
110.1 |
101.9 |
103.2 |
100.6 |
93.0 |
|
Machinery/Equipment |
498.6 |
444.1 |
415.1 |
400.9 |
367.0 |
|
Construction
in Progress |
20.2 |
5.1 |
5.5 |
11.3 |
6.0 |
|
Other
Property/Plant/Equipment |
10.8 |
9.6 |
9.1 |
8.3 |
8.1 |
|
Property/Plant/Equipment - Gross |
765.9 |
678.1 |
648.7 |
650.6 |
594.6 |
|
Accumulated Depreciation |
-438.0 |
-383.3 |
-361.1 |
-329.7 |
-272.3 |
|
Property/Plant/Equipment - Net |
327.9 |
294.7 |
287.6 |
320.9 |
322.3 |
|
Intangibles, Net |
6.3 |
6.1 |
6.6 |
0.8 |
0.8 |
|
LT Investment - Affiliate
Companies |
2.6 |
1.7 |
1.6 |
1.3 |
1.1 |
|
LT Investments - Other |
1.9 |
2.0 |
3.7 |
0.0 |
0.0 |
|
Long Term Investments |
4.5 |
3.8 |
5.3 |
1.3 |
1.2 |
|
Note Receivable - Long Term |
0.5 |
3.7 |
2.5 |
2.7 |
3.0 |
|
Deferred Income Tax - Long Term
Asset |
0.6 |
4.4 |
1.0 |
5.1 |
12.4 |
|
Other Long Term Assets |
- |
- |
- |
10.5 |
10.2 |
|
Other Long Term Assets, Total |
0.6 |
4.4 |
1.0 |
15.5 |
22.6 |
|
Total Assets |
774.1 |
688.9 |
628.6 |
574.4 |
570.3 |
|
|
|
|
|
|
|
|
Accounts Payable |
257.7 |
259.7 |
207.1 |
186.1 |
149.9 |
|
Accrued Expenses |
11.5 |
10.5 |
7.5 |
3.5 |
2.9 |
|
Notes Payable/Short Term Debt |
127.6 |
145.2 |
185.6 |
166.4 |
174.8 |
|
Current Portion - Long Term Debt/Capital Leases |
0.0 |
8.7 |
21.4 |
1.6 |
41.1 |
|
Customer Advances |
6.6 |
8.3 |
6.6 |
7.5 |
4.1 |
|
Security Deposits |
2.7 |
2.5 |
2.6 |
1.8 |
1.4 |
|
Income Taxes Payable |
- |
- |
- |
0.0 |
0.0 |
|
Other Payables |
15.0 |
14.1 |
14.1 |
12.7 |
9.4 |
|
Other Current Liabilities |
1.7 |
1.2 |
1.5 |
0.4 |
0.5 |
|
Other Current liabilities, Total |
25.9 |
26.0 |
24.8 |
22.5 |
15.4 |
|
Total Current Liabilities |
422.8 |
450.1 |
446.4 |
380.1 |
384.2 |
|
|
|
|
|
|
|
|
Long Term Debt |
1.8 |
0.2 |
8.9 |
36.3 |
35.1 |
|
Total Long Term Debt |
1.8 |
0.2 |
8.9 |
36.3 |
35.1 |
|
Total Debt |
129.5 |
154.1 |
216.0 |
204.3 |
251.0 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
1.3 |
- |
- |
- |
- |
|
Deferred Income Tax |
1.3 |
- |
- |
- |
- |
|
Minority Interest |
1.1 |
1.0 |
0.6 |
0.7 |
0.7 |
|
Reserves |
0.0 |
0.0 |
0.0 |
- |
- |
|
Pension Benefits - Underfunded |
9.1 |
20.2 |
16.9 |
18.5 |
16.0 |
|
Other Long Term Liabilities |
2.8 |
2.3 |
2.2 |
0.4 |
0.4 |
|
Other Liabilities, Total |
11.9 |
22.6 |
19.2 |
18.9 |
16.4 |
|
Total Liabilities |
438.9 |
473.8 |
475.1 |
436.0 |
436.3 |
|
|
|
|
|
|
|
|
Common Stock |
161.8 |
127.0 |
126.7 |
123.4 |
114.1 |
|
Common Stock |
161.8 |
127.0 |
126.7 |
123.4 |
114.1 |
|
Additional Paid-In Capital |
37.8 |
2.9 |
- |
- |
139.8 |
|
Retained Earnings (Accumulated Deficit) |
102.9 |
54.0 |
-4.1 |
-16.4 |
-157.8 |
|
Unrealized Gain (Loss) |
32.8 |
30.4 |
30.8 |
30.5 |
36.1 |
|
Translation Adjustment |
- |
- |
- |
0.9 |
1.7 |
|
Other Equity |
0.0 |
1.0 |
0.1 |
- |
- |
|
Other Equity, Total |
0.0 |
1.0 |
0.1 |
0.9 |
1.7 |
|
Total Equity |
335.2 |
215.1 |
153.5 |
138.4 |
133.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
774.1 |
688.9 |
628.6 |
574.4 |
570.3 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock
Primary Issue |
34.5 |
29.3 |
28.8 |
34.5 |
34.5 |
|
Total Common Shares Outstanding |
34.5 |
29.3 |
28.8 |
34.5 |
34.5 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
- |
898 |
- |
- |
847 |
|
Accumulated Intangible Amort, Suppl. |
1.9 |
1.5 |
1.3 |
- |
- |
|
Deferred Revenue - Current |
6.6 |
8.3 |
6.6 |
7.5 |
4.1 |
|
Total Long Term Debt, Supplemental |
- |
- |
- |
12.9 |
21.4 |
|
Long Term Debt Maturing within 1 Year |
- |
- |
- |
1.6 |
1.5 |
|
Long Term Debt Maturing in Year 2 |
- |
- |
- |
11.3 |
1.5 |
|
Long Term Debt Maturing in Year 3 |
- |
- |
- |
- |
0.3 |
|
Long Term Debt Maturing in 2-3 Years |
- |
- |
- |
11.3 |
1.8 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
- |
- |
0.0 |
18.2 |
Annual
Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1126.848795 |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
|
Auditor |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
46.7 |
63.2 |
15.4 |
2.8 |
-24.7 |
|
Depreciation |
25.8 |
27.3 |
37.5 |
35.2 |
44.0 |
|
Depreciation/Depletion |
25.8 |
27.3 |
37.5 |
35.2 |
44.0 |
|
Amortization of Intangibles |
0.3 |
0.2 |
0.4 |
0.2 |
0.1 |
|
Amortization |
0.3 |
0.2 |
0.4 |
0.2 |
0.1 |
|
Deferred Taxes |
- |
- |
- |
0.8 |
-1.2 |
|
Unusual Items |
1.5 |
1.4 |
15.2 |
0.0 |
-2.4 |
|
Equity in Net Earnings (Loss) |
-0.8 |
-0.1 |
-0.2 |
-0.2 |
0.6 |
|
Other Non-Cash Items |
13.4 |
7.4 |
23.5 |
6.4 |
-0.4 |
|
Non-Cash Items |
14.0 |
8.7 |
38.4 |
6.3 |
-2.2 |
|
Accounts Receivable |
12.1 |
-21.7 |
17.9 |
2.5 |
24.4 |
|
Inventories |
2.3 |
-28.5 |
-30.9 |
7.6 |
-0.9 |
|
Prepaid Expenses |
- |
- |
- |
0.4 |
0.6 |
|
Other Assets |
3.1 |
4.1 |
-2.9 |
0.0 |
0.0 |
|
Accounts Payable |
-15.3 |
55.0 |
17.0 |
1.6 |
-57.9 |
|
Accrued Expenses |
- |
- |
- |
0.3 |
-0.8 |
|
Taxes Payable |
- |
- |
- |
0.0 |
-5.6 |
|
Other Liabilities |
-24.7 |
-1.7 |
-2.3 |
0.1 |
-11.0 |
|
Other Operating Cash Flow |
-3.4 |
-7.7 |
-11.4 |
- |
- |
|
Changes in Working Capital |
-25.9 |
-0.6 |
-12.6 |
12.5 |
-51.1 |
|
Cash from Operating Activities |
60.9 |
98.7 |
79.1 |
57.7 |
-35.0 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-25.7 |
-37.9 |
-15.6 |
-14.4 |
-10.4 |
|
Purchase/Acquisition of
Intangibles |
-0.7 |
-0.8 |
-1.6 |
-0.1 |
-0.4 |
|
Capital Expenditures |
-26.4 |
-38.6 |
-17.2 |
-14.5 |
-10.8 |
|
Sale of Fixed Assets |
0.1 |
0.1 |
1.8 |
0.1 |
0.9 |
|
Sale/Maturity of Investment |
50.9 |
4.0 |
5.1 |
- |
5.7 |
|
Purchase of Investments |
-73.2 |
-2.8 |
-0.2 |
-1.6 |
-0.2 |
|
Sale of Intangible Assets |
0.2 |
0.4 |
- |
- |
- |
|
Other Investing Cash Flow |
2.5 |
-0.8 |
1.0 |
0.6 |
0.9 |
|
Other Investing Cash Flow Items, Total |
-19.4 |
1.0 |
7.7 |
-0.9 |
7.3 |
|
Cash from Investing Activities |
-45.8 |
-37.6 |
-9.5 |
-15.4 |
-3.5 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
- |
- |
0.0 |
1.6 |
1.8 |
|
Financing Cash Flow Items |
- |
- |
0.0 |
1.6 |
1.8 |
|
Sale/Issuance
of Common |
56.1 |
5.2 |
- |
- |
- |
|
Common Stock, Net |
56.1 |
5.2 |
- |
- |
- |
|
Issuance (Retirement) of Stock, Net |
56.1 |
5.2 |
- |
- |
- |
|
Short Term
Debt Issued |
70.3 |
209.7 |
55.0 |
1,105.1 |
2,406.9 |
|
Short Term
Debt Reduction |
-94.8 |
-250.0 |
-97.1 |
-1,113.8 |
-2,317.4 |
|
Short Term Debt, Net |
-24.5 |
-40.3 |
-42.1 |
-8.7 |
89.5 |
|
Long Term
Debt Issued |
1.5 |
- |
0.2 |
7.6 |
18.8 |
|
Long Term
Debt Reduction |
-8.9 |
-22.2 |
-9.0 |
-47.9 |
-55.2 |
|
Long Term Debt, Net |
-7.4 |
-22.2 |
-8.7 |
-40.3 |
-36.5 |
|
Issuance (Retirement) of Debt, Net |
-31.9 |
-62.6 |
-50.9 |
-49.0 |
53.0 |
|
Cash from Financing Activities |
24.2 |
-57.3 |
-50.9 |
-47.4 |
54.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-1.1 |
1.3 |
0.2 |
- |
- |
|
Net Change in Cash |
38.3 |
5.1 |
18.8 |
-5.1 |
16.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
48.6 |
44.4 |
23.7 |
26.5 |
14.5 |
|
Net Cash - Ending Balance |
86.9 |
49.4 |
42.5 |
21.5 |
30.8 |
|
Cash Interest Paid |
4.8 |
8.7 |
11.5 |
- |
- |
|
Cash Taxes Paid |
0.2 |
- |
- |
- |
- |
Annual Income Statement
|
Financials in: USD (mil) |
|
|
Except for share items
(millions) and per share items (actual units) |
|
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
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 |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Sales Revenue |
1,386.6 |
1,506.6 |
1,172.5 |
916.6 |
1,036.2 |
|
Total Revenue |
1,386.6 |
1,506.6 |
1,172.5 |
916.6 |
1,036.2 |
|
|
|
|
|
|
|
|
Costs of Goods & Services Sold |
1,255.3 |
1,359.2 |
1,038.0 |
832.3 |
963.3 |
|
Salaries & Wages |
9.3 |
8.8 |
7.4 |
5.7 |
6.6 |
|
Retirement & Severance Benefits |
1.1 |
0.6 |
0.4 |
0.7 |
0.8 |
|
Employee Benefits |
3.3 |
2.8 |
2.8 |
2.0 |
2.3 |
|
Travel Expense |
- |
- |
- |
0.8 |
0.9 |
|
Communication Expense |
- |
- |
- |
0.1 |
0.2 |
|
Utility Expense |
- |
- |
- |
0.2 |
0.2 |
|
Taxes & Dues |
- |
- |
- |
0.5 |
0.8 |
|
Office Consumable Expense |
- |
- |
- |
0.4 |
0.4 |
|
Book Expense |
- |
- |
- |
0.0 |
0.0 |
|
Rental Expense |
1.9 |
2.1 |
2.1 |
1.4 |
1.8 |
|
Vehicles Maintenance Expense |
- |
- |
- |
0.5 |
0.5 |
|
Repair Expense |
- |
- |
- |
0.0 |
0.1 |
|
Insurance Expense |
- |
- |
- |
0.2 |
0.2 |
|
Commission Paid |
2.0 |
3.2 |
2.2 |
2.6 |
2.7 |
|
Sales Commissions |
2.8 |
3.3 |
2.2 |
6.4 |
9.7 |
|
Other Commission |
1.8 |
2.8 |
1.4 |
- |
- |
|
Shipping & Handling Expense |
41.1 |
40.2 |
50.1 |
32.7 |
37.2 |
|
Packaging Expense |
1.1 |
1.2 |
0.9 |
0.7 |
0.9 |
|
Entertainment Expense |
- |
- |
- |
0.9 |
1.0 |
|
Sales Promotion Expense |
- |
- |
- |
0.1 |
0.1 |
|
Advertising Expense |
- |
- |
- |
0.1 |
0.1 |
|
Education & Training Expense |
- |
- |
- |
0.2 |
0.2 |
|
Overseas Branch Management Expense |
- |
- |
- |
0.3 |
0.3 |
|
Sample Expense |
0.5 |
0.4 |
0.4 |
0.4 |
0.6 |
|
Conference Expense |
- |
- |
- |
0.0 |
0.0 |
|
Expense of Allow. for DA |
1.1 |
1.0 |
3.1 |
2.0 |
4.2 |
|
Development Costs |
5.0 |
12.2 |
9.2 |
- |
- |
|
Research Expense |
- |
- |
- |
4.6 |
4.6 |
|
Other Administrative Expense |
3.9 |
3.7 |
3.0 |
- |
- |
|
Adj. for Other Selling & Admin.
Expense |
0.0 |
0.0 |
0.0 |
- |
- |
|
Depreciation |
0.4 |
0.4 |
0.5 |
0.4 |
0.6 |
|
Amort. of Intangibless |
0.2 |
0.2 |
0.4 |
0.2 |
0.1 |
|
Other Selling Expense |
4.0 |
2.8 |
5.6 |
0.4 |
0.5 |
|
Gain on Foreign Currency
Transaction |
- |
- |
-15.1 |
- |
- |
|
Gain on Foreign Currency
Translation |
- |
- |
-0.8 |
- |
- |
|
Gain on Disposal of PPE |
- |
- |
-1.7 |
- |
- |
|
Service Income |
- |
- |
-0.2 |
- |
- |
|
Gain-Disposal of Scrapped
Materials |
- |
- |
-0.2 |
- |
- |
|
Gain-Disposal of Pre-products |
- |
- |
-2.3 |
- |
- |
|
Technology Income |
- |
- |
0.0 |
- |
- |
|
Parking Income |
- |
- |
-0.1 |
- |
- |
|
Gain on Assets Contributed |
- |
- |
0.0 |
- |
- |
|
Rental Income |
- |
- |
-0.3 |
- |
- |
|
Miscellaneous Income |
- |
- |
-1.3 |
- |
- |
|
Adj. for Other Operating Income |
- |
- |
0.0 |
- |
- |
|
Loss on Foreign Currency
Transaction |
- |
- |
15.6 |
- |
- |
|
Loss on Foreign Currency
Translation |
- |
- |
0.7 |
- |
- |
|
Loss on Disposal of PPE |
- |
- |
13.9 |
- |
- |
|
Impairment Loss on PPE |
- |
- |
1.5 |
- |
- |
|
Impmt Loss on Intangibless |
- |
- |
1.3 |
- |
- |
|
Loss-Disposal of Raw Materials |
- |
- |
0.5 |
- |
- |
|
Donations Paid |
- |
- |
0.0 |
- |
- |
|
Prov.s |
- |
- |
0.0 |
- |
- |
|
Miscellaneous Loss |
- |
- |
1.1 |
- |
- |
|
Adj. for Other Operating Expense |
- |
- |
0.0 |
- |
- |
|
Total Operating Expense |
1,334.5 |
1,444.7 |
1,142.3 |
896.6 |
1,040.8 |
|
|
|
|
|
|
|
|
Interest Income |
1.9 |
1.3 |
0.4 |
0.4 |
0.3 |
|
Gain on Derivatives Transaction |
0.6 |
0.7 |
0.0 |
- |
- |
|
Gain on Foreign Currency
Transaction |
0.3 |
- |
2.7 |
17.2 |
33.0 |
|
Gain on Foreign Currency
Transactions-Ot |
8.6 |
18.3 |
- |
- |
- |
|
Gain on Foreign Currency
Translation |
0.0 |
2.3 |
- |
1.2 |
4.1 |
|
Gain on Foreign Currency
Translations |
3.4 |
2.0 |
- |
- |
- |
|
Gain-Disposal of Investment Assets |
- |
- |
- |
0.0 |
1.8 |
|
Gain on Valuations of Derivatives |
- |
0.0 |
0.0 |
- |
- |
|
Gain-Valuation of Currency
Forwards |
- |
- |
- |
0.0 |
- |
|
Gain on Disposal of Financial
Instrument |
0.3 |
- |
- |
- |
- |
|
Gain-Disposal of Tangible Assets |
0.1 |
0.1 |
- |
0.0 |
0.6 |
|
Gain-Disposal of Scrapped Materials |
0.5 |
0.5 |
- |
0.2 |
0.3 |
|
Gain-Disposal of Raw Materials |
- |
- |
- |
- |
1.1 |
|
Gain-Disposal of Pre-products |
- |
- |
- |
0.1 |
0.0 |
|
Rental Income |
- |
- |
- |
1.1 |
1.4 |
|
Income-Patent & Royalty |
- |
- |
- |
0.0 |
0.3 |
|
Gain-Assets Contributed |
- |
- |
- |
1.0 |
0.8 |
|
Other Non-Operating Income |
1.4 |
4.6 |
- |
- |
- |
|
Other Allowance for Doubtful
Accounts |
- |
-0.1 |
- |
- |
- |
|
Parking Income |
- |
- |
- |
0.1 |
0.0 |
|
Service Income |
0.2 |
0.2 |
- |
0.1 |
0.3 |
|
Miscellaneous Non-Operating Income |
- |
- |
- |
1.0 |
0.6 |
|
Interest Expense |
-5.0 |
-9.4 |
-12.0 |
-15.6 |
-19.3 |
|
Loss on Foreign Currency
Transaction |
-0.6 |
-0.4 |
- |
- |
- |
|
Loss-Foreign Exchange Transaction |
-7.5 |
-16.1 |
- |
-21.5 |
-42.1 |
|
Loss on Foreign Currency
Translations |
-0.9 |
-2.5 |
- |
- |
- |
|
Loss on Foreign Currency
Translation |
0.0 |
- |
0.0 |
-0.8 |
-2.6 |
|
Loss-Valuation of Currency
Forwards |
- |
- |
- |
- |
0.0 |
|
Loss on Derivative Transaction |
-0.4 |
-1.6 |
0.0 |
- |
- |
|
Loss-Disposal of Sec. Avail. for
Sale |
- |
- |
0.0 |
- |
- |
|
Loss on Disposal of Trade
Receivable |
-0.2 |
-0.4 |
-0.2 |
- |
- |
|
Loss-Disposal of Tangible Assets |
-0.7 |
-0.1 |
- |
-0.1 |
0.0 |
|
Impairment Loss on Tangibles &
Intangibl |
-0.3 |
-0.8 |
- |
- |
- |
|
Impairment Loss on Property, Plant
and E |
0.0 |
-0.2 |
- |
- |
- |
|
Loss on Disposal of Intangible
Assets |
0.0 |
- |
- |
- |
- |
|
Loss-Disposal of Raw Materials |
-0.9 |
-0.4 |
- |
-0.7 |
- |
|
Donations Paid, Non-Operating |
- |
- |
- |
0.0 |
0.0 |
|
Depreciation-Suspended Assets |
- |
- |
- |
-0.5 |
-1.4 |
|
Miscellaneous Non-Operating
Expense |
-0.1 |
0.0 |
- |
-0.1 |
0.0 |
|
Gain on Invmt in Affiliates |
0.8 |
0.1 |
0.2 |
0.2 |
0.0 |
|
Loss under Equity Method |
- |
- |
- |
0.0 |
-0.6 |
|
Adjustment |
- |
- |
- |
- |
- |
|
Adj. for Finance Income |
- |
0.0 |
- |
- |
- |
|
Adj. for Finance Expense |
0.0 |
- |
0.0 |
- |
- |
|
Adjustment for Other Non-Operating
Incom |
0.0 |
0.0 |
- |
- |
- |
|
Adj for Other Non-Operating
Expenses |
0.0 |
0.0 |
- |
- |
- |
|
Net Income Before Taxes |
53.4 |
60.2 |
21.4 |
3.6 |
-25.8 |
|
|
|
|
|
|
|
|
Prov. for Income Taxes |
6.7 |
-2.9 |
6.0 |
0.8 |
-1.2 |
|
Net Income After Taxes |
46.7 |
63.2 |
15.4 |
2.8 |
-24.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.1 |
-0.3 |
-0.1 |
0.0 |
0.3 |
|
Net Income Before Extra. Items |
46.6 |
62.8 |
15.3 |
2.8 |
-24.3 |
|
Net Income |
46.6 |
62.8 |
15.3 |
2.8 |
-24.3 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
46.6 |
62.8 |
15.3 |
2.8 |
-24.3 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
46.6 |
62.8 |
15.3 |
2.8 |
-24.3 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
33.8 |
28.8 |
28.8 |
34.5 |
34.5 |
|
Basic EPS Excluding ExtraOrdinary Items |
1.38 |
2.18 |
0.53 |
0.08 |
-0.71 |
|
Basic EPS Including ExtraOrdinary Items |
1.38 |
2.18 |
0.53 |
0.08 |
-0.71 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
46.6 |
62.8 |
15.3 |
2.8 |
-24.3 |
|
Diluted Weighted Average Shares |
33.8 |
28.8 |
28.8 |
34.5 |
34.5 |
|
Diluted EPS Excluding ExtraOrd Items |
1.38 |
2.18 |
0.53 |
0.08 |
-0.71 |
|
Diluted EPS Including ExtraOrd Items |
1.38 |
2.18 |
0.53 |
0.08 |
-0.71 |
|
DPS-Ordinary Shares |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
54.7 |
60.5 |
34.5 |
4.0 |
-27.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
6.9 |
-2.8 |
9.7 |
0.9 |
-1.9 |
|
Normalized Income After Taxes |
47.8 |
63.3 |
24.8 |
3.1 |
-26.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
47.6 |
63.0 |
24.7 |
3.1 |
-25.7 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.41 |
2.18 |
0.86 |
0.09 |
-0.74 |
|
Diluted Normalized EPS |
1.41 |
2.18 |
0.86 |
0.09 |
-0.74 |
|
Interest Expense, Supplemental |
5.0 |
9.4 |
12.0 |
15.6 |
19.3 |
|
Rental Expense, Supplemental |
1.9 |
2.1 |
2.1 |
1.4 |
1.8 |
|
Advertising Expense, Supplemental |
0.9 |
0.3 |
0.2 |
0.2 |
0.2 |
|
R&D Expense, Supplemental |
5.0 |
12.2 |
9.2 |
4.6 |
4.6 |
|
Depreciation, Supplemental |
25.8 |
27.3 |
37.5 |
35.2 |
44.0 |
|
Amort of Intangibles, Supplemental |
0.3 |
0.2 |
0.4 |
0.2 |
0.1 |
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 |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Cash Equivalents |
91.8 |
47.6 |
43.3 |
23.5 |
26.9 |
|
Current Financial Instruments |
24.4 |
- |
- |
1.9 |
0.2 |
|
Trade Receivable |
164.6 |
167.7 |
150.7 |
110.2 |
87.1 |
|
Allow. for DA for Trade Receivable |
-7.0 |
-6.3 |
-6.9 |
-7.6 |
-10.8 |
|
Account Receivable |
9.7 |
6.3 |
3.5 |
6.9 |
17.4 |
|
Allow. for DA |
-0.1 |
-0.1 |
- |
- |
- |
|
Loans |
0.6 |
0.7 |
- |
- |
- |
|
Accrued Income |
0.1 |
0.0 |
- |
- |
- |
|
Receivable of Corporate Tax Refund |
0.2 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Prepaid Expense |
1.9 |
1.4 |
1.0 |
1.4 |
1.7 |
|
Advance Payments |
0.6 |
3.4 |
3.7 |
1.6 |
2.8 |
|
Deferred Income Taxes-Debit,
Current |
- |
- |
- |
1.2 |
2.0 |
|
Other Quick Assets |
0.0 |
0.1 |
- |
0.1 |
0.1 |
|
Recv. from Rec. of Value Added
Payments |
- |
- |
1.8 |
- |
- |
|
Merchandises |
2.2 |
1.8 |
1.6 |
0.3 |
0.2 |
|
Finished Goods |
50.1 |
57.2 |
43.7 |
34.7 |
37.3 |
|
Manufactured Goods |
13.3 |
12.2 |
9.2 |
11.3 |
8.9 |
|
Goods in Transit |
14.5 |
17.7 |
13.4 |
12.1 |
15.7 |
|
Raw Materials |
17.8 |
19.9 |
18.5 |
11.1 |
10.6 |
|
Semi-finished Goods |
26.6 |
26.5 |
24.6 |
12.2 |
12.9 |
|
Works in Process |
18.4 |
14.3 |
12.8 |
8.4 |
4.1 |
|
Supplies |
4.4 |
5.5 |
4.4 |
3.9 |
3.5 |
|
Other Fincl Instrm |
0.2 |
0.3 |
0.1 |
- |
- |
|
Current Derivative Assets |
- |
0.0 |
0.0 |
0.0 |
- |
|
Adj. for Trade & Other
Receivable |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Inventories |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Other Current Assets |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adjustment for Other Receivables |
0.0 |
- |
- |
- |
- |
|
Total Current Assets |
434.3 |
376.3 |
325.5 |
233.2 |
220.5 |
|
|
|
|
|
|
|
|
LT Financial Assets |
- |
- |
- |
0.0 |
0.0 |
|
Non-Current Other Receivable |
0.5 |
3.7 |
2.5 |
2.7 |
3.0 |
|
Invmt in Affiliates |
2.6 |
1.7 |
1.6 |
1.3 |
1.1 |
|
Security Deposit |
- |
- |
- |
0.8 |
1.3 |
|
LT Security Deposit |
- |
- |
- |
9.7 |
8.9 |
|
Non-Current Deferred Income Taxes
Assets |
0.6 |
4.4 |
1.0 |
5.1 |
12.4 |
|
Lands |
110.1 |
101.9 |
103.2 |
100.6 |
93.0 |
|
Buildings |
112.1 |
105.0 |
104.3 |
118.5 |
110.5 |
|
Buildings-Reduction |
- |
- |
- |
-3.8 |
-3.6 |
|
Buildings-Depreciation |
-32.2 |
-27.6 |
-25.2 |
-25.5 |
-21.2 |
|
Structures |
14.2 |
12.4 |
11.5 |
15.8 |
14.5 |
|
Structures-Depreciation |
-3.9 |
-3.2 |
-2.9 |
-4.1 |
-3.4 |
|
Structures-Reduction |
- |
- |
- |
-1.1 |
-1.0 |
|
Machineries & Equipments |
499.8 |
444.2 |
414.9 |
404.2 |
371.0 |
|
Machineries &
Equipments-Depreciation |
-391.0 |
-342.9 |
-323.3 |
-290.5 |
-239.2 |
|
Accumulated Impairment Losses for
Machin |
- |
- |
- |
-5.1 |
-5.1 |
|
Machineries &
Equipments-Govern. Subsidy |
-3.7 |
-2.4 |
-2.0 |
-1.3 |
-1.2 |
|
Vehicles |
2.6 |
2.3 |
2.3 |
3.1 |
2.3 |
|
Vehicles-Depreciation |
-1.9 |
-1.8 |
-1.6 |
-2.1 |
-1.6 |
|
Vehicles & Transportation
Equipment-Redu |
- |
- |
- |
0.0 |
0.0 |
|
Construction in Progress |
18.0 |
5.0 |
6.0 |
11.9 |
4.1 |
|
Construction in
Progress-Depreciation |
-0.2 |
-0.2 |
- |
- |
- |
|
Construction in Progress-Govern.
Subsidy |
-0.8 |
-0.9 |
-0.5 |
-1.0 |
-0.2 |
|
Machines in Transit |
3.1 |
1.0 |
0.2 |
0.5 |
2.2 |
|
Machines in Transits-Government
Subsidy |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Other Property Plant &
Equipment |
10.8 |
9.6 |
9.1 |
8.3 |
8.2 |
|
Other Tangibles-Depreciation |
-8.7 |
-7.6 |
-8.1 |
-7.6 |
-7.0 |
|
Other Tangible Assets-Reduction |
- |
- |
- |
0.0 |
0.0 |
|
Other Tangible Assets-Govenment
Subsidy |
0.0 |
- |
- |
- |
- |
|
Industrial Property Rights |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Software |
0.5 |
0.3 |
0.3 |
0.6 |
0.6 |
|
Other Non-Current Fincl Instrm |
1.9 |
2.0 |
3.7 |
- |
- |
|
Adj. for Property, Plant &
Equipment |
0.0 |
- |
- |
- |
- |
|
Membership Rights |
4.0 |
3.8 |
4.6 |
- |
- |
|
Other Intangibless |
1.7 |
1.8 |
1.6 |
- |
- |
|
Adj. for Intangibless |
0.0 |
0.0 |
0.0 |
- |
- |
|
Total Assets |
774.1 |
688.9 |
628.6 |
574.4 |
570.3 |
|
|
|
|
|
|
|
|
Current Trade Payable |
257.7 |
259.7 |
207.1 |
186.1 |
149.9 |
|
Other Payable |
15.0 |
14.1 |
14.1 |
12.7 |
9.4 |
|
Income Taxes Payable |
- |
- |
- |
0.0 |
0.0 |
|
Accrued Expense |
11.5 |
10.5 |
7.5 |
3.5 |
2.9 |
|
Advance from Customers, Current |
6.6 |
8.3 |
6.6 |
7.5 |
4.1 |
|
Security Deposit Withheld |
2.7 |
2.5 |
2.6 |
1.8 |
1.4 |
|
Withheld |
1.7 |
1.2 |
1.5 |
0.4 |
0.5 |
|
Currency Futures, Current |
- |
- |
- |
- |
0.0 |
|
Current Portion of Bonds |
- |
8.7 |
17.3 |
- |
39.6 |
|
Current Borrowings |
127.6 |
145.2 |
185.6 |
166.4 |
174.8 |
|
Current Portion of Long-Term
Borrowings |
0.0 |
- |
4.1 |
1.6 |
1.5 |
|
Adj. for Current Trade & Other
Payable |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Other Current Liabilities |
0.0 |
0.0 |
0.0 |
- |
- |
|
Total Current Liabilities |
422.8 |
450.1 |
446.4 |
380.1 |
384.2 |
|
|
|
|
|
|
|
|
Bonds |
- |
- |
8.7 |
25.0 |
15.1 |
|
Non-Current Borrowings |
1.8 |
0.2 |
0.2 |
11.3 |
20.0 |
|
Total Long Term Debt |
1.8 |
0.2 |
8.9 |
36.3 |
35.1 |
|
|
|
|
|
|
|
|
Other Non-Current Fincl
Liabilities |
- |
- |
0.4 |
0.4 |
0.4 |
|
Non-Current Accrued Expenses |
2.8 |
2.3 |
1.9 |
- |
- |
|
Deposit-Retirement Insurance |
- |
- |
- |
-2.6 |
-2.6 |
|
Retirement & Severance
Benefits, Non-Cur |
9.1 |
20.2 |
16.9 |
21.8 |
18.9 |
|
Plan Assets |
- |
- |
- |
-0.6 |
- |
|
Transfer to National Pension Fund |
- |
- |
- |
-0.1 |
-0.1 |
|
Retirement Pension Operating Fund |
- |
- |
- |
- |
-0.2 |
|
Deferred Income Taxes, Non-Current
Liabi |
1.3 |
- |
- |
- |
- |
|
Non-Current Prov.s |
0.0 |
0.0 |
0.0 |
- |
- |
|
Minority Interests |
1.1 |
1.0 |
0.6 |
0.7 |
0.7 |
|
Total Liabilities |
438.9 |
473.8 |
475.1 |
436.0 |
436.3 |
|
|
|
|
|
|
|
|
Capital Stock |
161.8 |
127.0 |
126.7 |
123.4 |
114.1 |
|
Paid-in Capital in Excess of Par |
- |
- |
- |
- |
139.8 |
|
Capital Change, Equity Method |
- |
- |
- |
0.4 |
0.5 |
|
Overseas Business Translation
Credit |
- |
- |
- |
0.9 |
1.7 |
|
Gain-Revaluation |
32.8 |
30.4 |
30.8 |
30.1 |
35.6 |
|
Retained Earning Carried Forward |
102.9 |
54.0 |
-4.1 |
-16.4 |
-158.2 |
|
Legal Reserve |
- |
- |
- |
- |
0.4 |
|
Other Capital Items |
0.0 |
1.0 |
0.1 |
- |
- |
|
Reserve-Business Rationalization |
- |
- |
- |
- |
0.0 |
|
Capital Surplus |
37.8 |
2.9 |
- |
- |
- |
|
Adjustment for Retained Earnings
or Accu |
0.0 |
0.0 |
0.0 |
- |
- |
|
Total Equity |
335.2 |
215.1 |
153.5 |
138.4 |
133.9 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
774.1 |
688.9 |
628.6 |
574.4 |
570.3 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
34.5 |
29.3 |
28.8 |
34.5 |
34.5 |
|
Total Common Shares Outstanding |
34.5 |
29.3 |
28.8 |
34.5 |
34.5 |
|
T/S-Ordinary Shares |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accumulated Intangible Amort, Suppl. |
1.9 |
1.5 |
1.3 |
- |
- |
|
Deferred Revenue, Current |
6.6 |
8.3 |
6.6 |
7.5 |
4.1 |
|
Full-Time Employees |
- |
898 |
- |
- |
847 |
|
Long Term Debt Maturing within 1 Year |
- |
- |
- |
1.6 |
1.5 |
|
Long Term Debt Maturing in Year 2 |
- |
- |
- |
11.3 |
1.5 |
|
Long Term Debt Maturing in Year 3 |
- |
- |
- |
- |
0.3 |
|
Long Term Debt - Remaining Maturities |
- |
- |
- |
- |
18.2 |
|
Total Long Term Debt, Supplemental |
- |
- |
- |
12.9 |
21.4 |
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 |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
Deloitte & Touche
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income or Loss |
46.7 |
63.2 |
15.4 |
2.8 |
-24.7 |
|
Depreciation |
25.8 |
27.3 |
37.5 |
35.2 |
44.0 |
|
Amort. of Intangibless |
0.3 |
0.2 |
0.4 |
0.2 |
0.1 |
|
Expense of Allow. for DA |
1.1 |
1.0 |
3.1 |
2.0 |
4.2 |
|
Payment for Retirement Allow.,
ONCI |
5.6 |
3.8 |
3.2 |
3.8 |
3.6 |
|
Expenses of Allow. for Other DA |
- |
0.1 |
- |
- |
- |
|
Loss on Disposal of Trade
Receivables |
0.2 |
0.4 |
0.2 |
- |
- |
|
Interest Expenses |
5.0 |
9.4 |
12.0 |
0.4 |
0.3 |
|
Interest Income |
-1.9 |
-1.3 |
-0.4 |
-0.2 |
- |
|
Gains on Foreign Currency
Translation |
-3.4 |
-4.3 |
-0.8 |
-1.2 |
-4.1 |
|
Gain on Valt of Currency Forwards |
- |
0.0 |
0.0 |
0.0 |
- |
|
Gain-Assets Contributed |
- |
- |
- |
-1.0 |
-0.8 |
|
Government Subsidy |
- |
-0.1 |
-0.3 |
- |
- |
|
Gain on Derivatives Transaction |
-0.6 |
-0.7 |
0.0 |
- |
- |
|
Corporate Taxes Expense |
6.7 |
-2.9 |
6.0 |
- |
- |
|
Losses on Foreign Currency
Translation |
0.9 |
2.5 |
0.7 |
0.8 |
2.6 |
|
Loss-Valuation of Currency Futures |
- |
- |
- |
- |
0.0 |
|
Decrease in Other Non-Current
Assets |
- |
- |
0.0 |
- |
- |
|
Loss-Disposal of Tangible Assets |
0.7 |
0.1 |
13.9 |
0.1 |
0.0 |
|
Loss-Investment Assets Disposal |
- |
- |
0.0 |
- |
- |
|
Impmt Loss on Tangibles |
0.0 |
0.2 |
1.5 |
- |
- |
|
Impmt Loss on Intangibless |
0.3 |
0.8 |
1.3 |
- |
- |
|
Loss under Equity Method |
- |
- |
- |
0.0 |
0.6 |
|
Gain-Disposal of Investment Assets |
- |
- |
- |
0.0 |
-1.8 |
|
Gain-Disposal of Tangible Assets |
-0.1 |
-0.1 |
-1.7 |
0.0 |
-0.6 |
|
Gain on Valt of Invmt in
Affiliates |
-0.8 |
-0.1 |
-0.2 |
-0.2 |
0.0 |
|
Trade & Other Receviables |
- |
-21.7 |
17.9 |
- |
- |
|
Trade Receivable |
- |
- |
- |
-8.8 |
26.3 |
|
Account Receivable |
- |
- |
- |
11.3 |
-1.9 |
|
Prepaid Expense |
- |
- |
- |
0.4 |
-1.2 |
|
Prepaid Value Added Taxes |
- |
- |
- |
- |
1.8 |
|
Advanced Payment |
- |
- |
- |
1.4 |
-0.9 |
|
Inventory |
2.3 |
-28.5 |
-30.9 |
6.3 |
0.0 |
|
Other Current Assets |
2.5 |
2.1 |
-4.1 |
0.0 |
0.0 |
|
Loss on Derivatives Transaction |
0.4 |
1.6 |
0.0 |
- |
- |
|
Losses on Valt of Inventories |
- |
1.3 |
1.1 |
- |
- |
|
Derivatives Assets |
0.2 |
-0.8 |
0.0 |
- |
- |
|
Deferred Income Tax Debit |
- |
- |
- |
0.8 |
-1.2 |
|
Trade & Other Payable |
- |
55.0 |
17.0 |
- |
- |
|
Trade Payable |
- |
- |
- |
-0.6 |
-59.9 |
|
Account Payable |
- |
- |
- |
2.3 |
2.0 |
|
Advance Received |
- |
- |
- |
2.9 |
-7.9 |
|
Deposit Withheld |
- |
- |
- |
-0.1 |
-0.3 |
|
Accrued Expense |
- |
- |
- |
0.3 |
-0.8 |
|
Taxes Payable |
- |
- |
- |
0.0 |
-5.6 |
|
Currency Forwards Liablities |
- |
- |
- |
0.0 |
-0.5 |
|
Payment for Retirement Allow. |
-10.3 |
-3.2 |
-2.9 |
-2.6 |
-2.2 |
|
Retirement Pension Operating Fund |
-13.1 |
-0.2 |
0.0 |
-0.3 |
-0.3 |
|
Deposit-Retirement Insurance |
- |
- |
- |
0.2 |
0.1 |
|
Reserve-National Pension |
- |
- |
- |
0.0 |
0.0 |
|
Overseas Business Translation
Debit |
- |
- |
- |
1.9 |
-6.2 |
|
Other Fincl Liabilities |
0.0 |
-0.1 |
0.7 |
- |
- |
|
Other Current Liabilities |
-1.6 |
1.2 |
-0.2 |
- |
- |
|
Prov.s |
- |
- |
0.0 |
- |
- |
|
Other Non-Current Liabilities |
0.2 |
0.5 |
- |
- |
- |
|
National Pension Fund |
0.0 |
0.0 |
0.0 |
- |
- |
|
Cash-Interest Received |
1.6 |
0.9 |
0.1 |
- |
- |
|
Cash-Interest Paid |
-4.8 |
-8.7 |
-11.5 |
- |
- |
|
Losses on Valuation of Inventories |
0.7 |
- |
- |
- |
- |
|
Loss on Disposal of Intangible
Assets |
0.0 |
- |
- |
- |
- |
|
Gain on Disposal of Financial
Assets Ava |
-0.3 |
- |
- |
- |
- |
|
Trade Receivables |
-17.7 |
- |
- |
- |
- |
|
Other Receivables |
29.9 |
- |
- |
- |
- |
|
Trade Payables |
-15.2 |
- |
- |
- |
- |
|
Other Payables |
-0.1 |
- |
- |
- |
- |
|
Cash-Tax Paid |
-0.2 |
- |
- |
- |
- |
|
Cash from Operating Activities |
60.9 |
98.7 |
79.1 |
57.7 |
-35.0 |
|
|
|
|
|
|
|
|
Decrease-Guarantee Deposit |
- |
- |
- |
1.5 |
3.0 |
|
Decrease-Security Deposit |
- |
- |
- |
3.7 |
2.1 |
|
Increase in Government Subsidy |
1.5 |
1.2 |
0.9 |
- |
- |
|
Disposal of Current Financial
Instrument |
43.5 |
- |
1.9 |
- |
- |
|
Disposal of Other Current
Financial Inst |
0.1 |
- |
- |
- |
- |
|
Disposal of Other Non-Current
Finacial I |
7.0 |
4.0 |
3.2 |
- |
- |
|
Disposal-Securities under Equity
Method |
- |
- |
- |
- |
5.7 |
|
Disp-ST Securities Available-for-Sale |
0.3 |
- |
- |
- |
- |
|
Disposal-Structure |
- |
- |
- |
0.0 |
0.0 |
|
Disposal-Buildings |
- |
- |
- |
- |
0.0 |
|
Disposal-Machinery &
Equipments |
- |
- |
- |
0.1 |
0.8 |
|
Disposal-Transportation |
- |
- |
- |
0.0 |
0.0 |
|
Disposal-Construction in Progress |
- |
- |
- |
- |
0.0 |
|
Disposal of Property, Plant and
Equipmen |
0.1 |
0.1 |
1.8 |
- |
- |
|
Disposal-Other Tangible Assets |
- |
- |
- |
0.0 |
0.0 |
|
Disposal of Intangible Assets |
0.2 |
0.4 |
- |
- |
- |
|
Increase-Guarantee Deposit |
- |
- |
- |
-1.9 |
-1.6 |
|
Increase-Security Deposit |
- |
- |
- |
-2.8 |
-2.6 |
|
Purchase of Current Financial
Instrument |
-66.6 |
- |
- |
-1.6 |
-0.2 |
|
Purchase of Non-Current Fincl
Instrm |
- |
- |
-0.2 |
- |
- |
|
Purchase of Other Non-Current
Finacial I |
-6.7 |
- |
- |
- |
- |
|
Purchase of Other Fincl
Instruments |
- |
-2.8 |
- |
- |
- |
|
Increase-Structure |
- |
- |
- |
- |
0.0 |
|
Increase-Machinery & Equipment |
- |
- |
- |
0.0 |
0.0 |
|
Increase-Transportation |
- |
- |
- |
0.0 |
0.0 |
|
Increase-Construction Progress |
- |
- |
- |
-12.9 |
-7.6 |
|
Increase-Machines in Transit |
- |
- |
- |
-1.4 |
-2.7 |
|
Increase-Other Tangible Assets |
- |
- |
- |
-0.1 |
-0.1 |
|
Increase-Industrial Property Right |
- |
- |
- |
0.0 |
0.0 |
|
Increase-Software |
- |
- |
- |
-0.1 |
-0.4 |
|
Increase in Non-Current
Trade&Other Rece |
1.0 |
0.6 |
0.5 |
- |
- |
|
Purchase of Tangibles |
-25.7 |
-37.9 |
-15.6 |
- |
- |
|
Purchase of Intangibless |
-0.7 |
-0.8 |
-1.6 |
- |
- |
|
Decrease in Non-Current
Trade&Other Rece |
- |
-2.2 |
- |
- |
- |
|
Purchase of Other LT Fincl
Liabilities |
- |
-0.4 |
-0.4 |
- |
- |
|
Cash from Investing Activities |
-45.8 |
-37.6 |
-9.5 |
-15.4 |
-3.5 |
|
|
|
|
|
|
|
|
Increase in Current Borrowings |
70.3 |
209.7 |
55.0 |
1,105.1 |
2,406.9 |
|
Decrease in Non-Current Borrowings |
1.5 |
- |
0.2 |
- |
1.5 |
|
Increase-Bond |
- |
- |
- |
7.6 |
17.3 |
|
Increase-LT Rent Guarantee Deposit |
- |
- |
- |
0.3 |
0.2 |
|
Increase-Security Deposit Received |
- |
- |
- |
0.7 |
0.6 |
|
Increase-Subsidy from Government |
- |
- |
- |
1.5 |
1.4 |
|
Decrease in Current Borrowings |
-94.8 |
-250.0 |
-97.1 |
-1,113.8 |
-2,317.4 |
|
Decrease-LT Borrowings |
- |
- |
- |
-7.3 |
-8.7 |
|
Decrease in Bonds |
-8.9 |
- |
- |
- |
- |
|
Decs in Current Portion of LT
Borrowings |
- |
-22.2 |
-9.0 |
-1.4 |
-10.2 |
|
Decrease-Current Portion of Bond |
- |
- |
- |
-39.2 |
-36.3 |
|
Decrease Security Deposit |
- |
- |
- |
-0.4 |
-0.1 |
|
Decrease in Guarantee Deposit |
- |
- |
0.0 |
-0.4 |
-0.2 |
|
Capital Increase |
56.1 |
5.2 |
- |
- |
- |
|
Cash from Financing Activities |
24.2 |
-57.3 |
-50.9 |
-47.4 |
54.8 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-1.1 |
1.3 |
0.2 |
- |
- |
|
Incs or Decs in Cash & Cash Equivalents |
38.3 |
5.1 |
18.8 |
-5.1 |
16.3 |
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning |
48.6 |
44.4 |
23.7 |
26.5 |
14.5 |
|
Cash and Cash Equivalents at End |
86.9 |
49.4 |
42.5 |
21.5 |
30.8 |
|
Cash Interest Paid |
4.8 |
8.7 |
11.5 |
- |
- |
|
Cash Taxes Paid |
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.62.12 |
|
|
1 |
Rs.102.25 |
|
Euro |
1 |
Rs.84.72 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.