MIRA INFORM REPORT

Report Date :

09.07.2014

IDENTIFICATION DETAILS

Name :	LG HOUSEHOLD & HEALTH CARE LTD.

Registered Office :	58, Saemunan-ro, Jongno-gu, Seoul, Korea 110-783

Country :	South Korea

Financials (as on) :	31.03.2014

Date of Incorporation :	01.04.2001

Com. Reg. No.:	107-81-98143

Legal Form :	Listed Company

Line of Business :	· Manufacture of toothpaste, soap and synthetic detergents · Manufacture of perfumes and cosmetics

No. of Employees	3,908

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No complaints
Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – March 31, 2014

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

South Korea

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	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. South 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. South 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-Korea Free Trade Agreement was ratified by both governments in 2011 and went into effect in March 2012. Throughout 2012 and 2013 the economy experienced sluggish growth because of market slowdowns in the United States, China, and the Eurozone. The administration in 2014 is likely to face the challenge 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, dominance of large conglomerates (chaebols), and heavy reliance on exports, which comprise about half of GDP

Source : CIA

Basic Information

Basic

Company Name	LG HOUSEHOLD & HEALTH CARE LTD. (Korean Company Name : “(주)엘지생활건강”)
Registered Address	58, Saemunan-ro, Jongno-gu, Seoul, Korea
Building
Zip Code	110-783
Tel	+82-80-023-7007
Fax	+82-2-6924-6060
E-mail	customer@lgcare.co.kr;yoomic@lgcare.co.kr
Website	www.lgcare.co.kr
Trading Address	58, Saemunan-ro, Jongno-gu, Seoul, Korea (Old Address System : 92, Sinmunno 2-ga, Jongno-gu, Seoul, Korea)
Tel	+82-80-023-7007
Fax	+82-2-6924-6060
Other Address-Cheongju Factory	LG Chemical Cheongju Factory, 150-32, Songjeong-dong, Heungdeok-gu, Cheongju-si, Chungcheongbuk-do, Korea
Tel	+82-43-261-7114
Fax	+82-43-261-7198
Other Address-Ulsan Factory	388, Mangyang-ri, Onyang-eup, Ulju-gun, Ulsan, Korea
Tel	+82-52-231-4202, +82-52-231-6901
Fax	+82-52-231-6936
Other Address-Onsan Factory	580 Hwasan-ri, Onsan-eup, Ulju-gun , Ulsan-si, Korea
Tel	+82-52-231-5141
Fax	+82-52-231-5148
Other Address-Naju Factory	1 Songwol-dong, Naju-si, Chunnam-do, Korea
Tel	+82-61-330-1280
Fax	+82-61-330-1289
Type	Export/Import
Industry	Manufacture Of Toothpaste, Soap And Synthetic Detergents
Main Business	Toothpastes, Soaps, Shampoo, Cosmetics
Sub Business	Manufacture Of Perfumes and Cosmetics
Established (mm/dd/yyyy)	04/01/2001

The Subject owns the premises of Cheongju Factory and Ulsan Factory.

Detailed Products

Activity	Detailed Products (UNSPSC)
Sell	Hair care supplies(53131602)
Sell	Cosmetics(53131619)
Sell	Sun protection products(53131609)
Sell	Perfumes or colognes or fragrances(53131620)
Sell	Skin care products(53131613)
Sell	Bath and body(53131600)

CEO’s

Name	Cha Suk-Yong
Address
Date of Birth	06/09/1953
Title	President & CEO
Sex	Male
Nationality	Korean

Profiles

Capital (KRW)

88,589,470,000

Employees

3,908

Formation

Listed Company (Korea Stock Exchange: 051900) as of 04/25/2001

A Company of LG Business Group

Bank Details

Woori Bank- Twin Tower Branch

Corporate Registered No.

110111-2208000

Business Registered No.

107-81-98143

Permit & Licenses

12-2005 KT

06-2005 KT

03-2005 NT

07-2004 GD Mark

09-2004 The History of Whoo acquires KT Mark

06-2004 Isa Knox 'Three Change Foundation' acquires KT Mark

09-2003 Nano Carbon Ball acquires KT Mark

06-2003 LacVert 'Two-Way Cake' acquires KT Mark

03-2003 Isa Knox 'Line Lift Serum' acquires KT Mark

09-2002 Say Soap acquires KT Mark

09-2001 Whitening agent acquires KT Mark

Shareholder Position

Name	Shares	%
LG CORP.	5,315,500	30.00
T. ROWE PRICE HONG KONG LIMITED(HONG KONG)	770,481	4.35
OTHERS	11,631,913	65.65
TOTAL	17,717,894	100.00

Company History

04/01/2001 Incorporated as the present name from spinning off from LG CHEM LTD.(110111-2207995)

11/2011 Moved to the present HQ address from 19FL., LG Twin Tower East Bldg., 20, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea

Detailed Information

Management

Job Description	Title	Name	Nationality	Date of Birth	Education
President & CEO	Mr.	Cha Suk-Yong	Korean	1953.06.	Cornell University, USA
Vice President & CFO	Mr.	Jung Ho-Young	Korean	1961.11.	Yonsei University, Korea
Director	Mr.	Kim Joo-Hyung	Korean	1955.07.03	Wisconshin University, Korea
Outside Director / Auditor	Mr.	Hwang Yi-Seok	Korean	1960.06.	New York University, USA
Outside Director	Mr.	Han Sang-Lyn	Korean	1960.06.	Pennsylvania State University, USA
Outside Director / Auditor	Mr.	Pyo In-Soo	Korean	1959.02.	Syracuse University, USA
Outside Director	Mr.	Ham Jae-Bong	Korean	1954.10.	Johns Hopkins University, USA

Financials

Year / Unit : KRW	Sales	Assets	Net Income
(*)03/2014	615,087,675,159	2,374,246,672,402	89,961,332,305
(*)2013	2,238,174,818,304	2,325,813,947,820	176,960,222,209
(*)2012	2,144,639,679,354	1,976,245,360,743	207,796,000,503
(*)2011	1,995,557,177,853	1,664,706,362,078	190,246,476,336
(*)2010	1,747,660,303,398	1,490,487,503,839	149,090,338,250
2009	1,525,071,001,835	1,120,564,249,462	171,048,100,690
2008	1,354,585,081,012	1,040,060,679,863	120,574,695,866
2007	1,172,451,241,769	986,601,951,641	80,276,933,719
2006	1,032,843,324,409	627,481,571,326	52,949,977,240
2005	967,836,829,407	618,549,606,568	71,879,027,547
2004	952,585,800,667	601,140,215,032	36,641,268,095
2003	1,057,119,578,500	643,625,893,936	48,259,501,564

(*)Figures are based on the K-IFRS Accounting System.

Financial Description

Authorized Capital(KRW)	350,000,000,000
Paid-Up Capital(KRW)	88,589,470,000
Total Issued Shares	17,717,894

Balance Sheet
Unit : Korean Won	01/01/2014~03/31/2014	As of 12/31/2013	As of 12/31/2012
Total Assets	2,374,246,672,402	2,325,813,947,820	1,976,245,360,743
Current Assets	610,526,890,609	570,079,283,064	436,271,789,814
Cash & Cash Equivalents	79,856,743,259	58,476,044,672	2,237,304,242
Current Financial Instruments	12,500,000,000	12,500,000,000	12,000,000,000
Trade Receivables & Other Receivables	312,669,688,843	271,691,467,932	240,768,571,132
Inventories	197,436,831,889	212,324,065,608	177,111,425,851
Non-Current Assets to be Sold		6,749,134,217
Other Current Assets	8,063,626,618	8,338,570,635	4,154,488,589
Non-Current Assets	1,763,719,781,793	1,755,734,664,756	1,539,973,570,929
Non-Current Financial Instruments	18,000,000	18,000,000	18,000,000
Other Long-Term Receivables	44,389,216,565	44,201,570,580	36,796,974,234
Other Non-Current Financial Instruments	465,650,400	524,080,400	415,679,200
Investment_Subsidiaries	1,319,885,970,527	1,319,885,970,527	1,140,705,316,094
Investment_Related Companies	26,268,183,250	26,268,183,250	18,268,183,250
Deferred Income Tax Assets	9,599,781,672	5,713,693,556
Tangibles	292,200,459,430	286,980,049,484	278,661,095,807
Investment_Real Estates	22,329,376,527	22,385,751,058	22,611,249,181
Intangibles	47,255,811,453	47,611,932,821	34,791,716,032
Non-Current Non-Financial Instruments	1,307,331,969	2,145,433,080	7,705,357,131
Total Liabilities	1,295,493,521,161	1,273,937,638,841	1,037,676,321,825
Current Liabilities	684,480,705,992	518,878,987,053	698,547,233,763
Trade Payables & Other Payables	220,177,214,955	181,515,609,515	165,572,885,939
Short-Term Borrowings	136,194,606,014	176,680,939,488	141,982,496,768
Current Portion of Debentures	149,814,585,131	79,990,822,392	299,981,893,437
Accrued Income Tax	41,902,997,285	23,814,423,807	26,766,494,734
Deferred Income Tax Credit	13,363,160,871	12,640,079,868	12,231,354,052
Provisions for Refund	1,762,647,668	1,651,325,220	1,262,409,660
Other Current Non-Financial Debts	121,265,494,068	42,585,786,763	50,749,699,173
Non-Current Liabilities	611,012,815,169	755,058,651,788	339,129,088,062
Long-Term Borrowings	85,749,193,706	85,057,803,767	82,319,548,934
Debentures	498,670,086,791	648,299,614,551	229,421,845,515
Guarantee Deposits Withhold	5,148,440,068	5,089,887,425	5,329,831,000
Provision for Severance & Retirement	18,194,548,933	13,423,465,463	17,148,316,399
Deferred Income Tax Credit			1,807,777,904
Other Non-Current Non-Financial Debts	3,250,545,671	3,187,880,582	3,101,768,310
Capital Stock	88,589,470,000	88,589,470,000	88,589,470,000
Capital Surplus	97,325,737,783	97,325,737,783	97,325,737,783
Profit Surplus	964,249,622,890	937,328,490,688	824,028,791,149
Others	-71,411,679,432	-71,367,389,492	-71,374,960,014
Total Equity	1,078,753,151,241	1,051,876,308,979	938,569,038,918
Liab. & Shareholder’s Equity	2,374,246,672,402	2,325,813,947,820	1,976,245,360,743

Income Statement
Unit : Korean Won	01/01/2014~03/31/2014	As of 12/31/2013	As of 12/31/2012
Sales	615,087,675,159	2,238,174,818,304	2,144,639,679,354
Cost of Sold Goods	300,010,356,593	1,107,466,035,618	1,048,374,836,785
Gross Profit	315,077,318,566	1,130,708,782,686	1,096,264,842,569
Selling & Admin. Expenses	245,273,665,367	892,648,489,780	836,520,150,872
Operating Income	69,803,653,199	238,060,292,906	259,744,691,697
Finance Income	40,687,862,901	40,734,641,000	40,533,318,154
Finance Expenses	7,710,506,360	34,996,437,950	33,018,267,392
Non-Operating Profits	4,004,391,885	-13,897,882,132	-5,063,542,111
Income Before Taxes	106,785,401,625	229,900,613,824	262,196,200,348
Income Taxes Expenses	16,824,069,320	52,940,391,615	54,400,199,845
Net Income	89,961,332,305	176,960,222,209	207,796,000,503

Cash Flows
Unit : Korean Won	01/01/2014~03/31/2014	As of 12/31/2013	As of 12/31/2012
Operating Activities Cash Flows	148,824,633,829	148,907,734,221	156,131,830,066
Net Income	89,961,332,305	176,960,222,209	207,796,000,503
Adjustment	35,125,071,645	35,919,958,081	5,661,185,025
Interests Received	294,539,169	968,078,412	587,948,850
Interests Paid	-7,514,296,416	-32,657,213,402	-37,569,864,086
Dividends Received	40,322,095,336	31,000,527,621	33,823,810,000
Income Taxes	-9,364,108,210	-63,283,838,700	-54,167,250,226
Cash Flows from Investing	-6,949,130,949	-271,063,023,322	-368,787,885,096
Cash Flows from Financing	-120,486,333,474	178,542,961,830	207,131,662,509
Increase/Decrease in Cash	21,380,698,587	56,238,740,430	-5,889,312,232
Cash at the Beginning of Year	58,476,044,672	2,237,304,242	8,126,616,474
Cash at the End of Year	79,856,743,259	58,476,044,672	2,237,304,242

Products, Technologies, Services Description

Main Products & Services

Main Products & Services Household Goods

1. Oral care products such as toothpastes and toothbrushes

-Toothpastes: Cliden Cavity Protection, Cliden Multi-Action, Cliden Cool Fresh-Up, Cliden Tartar Protection, Cliden Ultra Whitening, Cliden Anticavity, Cliden Kids, Bamboo Salt Toothpaste

-Toothbrush: Ataman Chess, Atman Doctor, Atman Plus, Atman, Atman Kids, Atman Doctor Kids, Happy Kids Toothbrush

2. Skin care products such as soaps and body cleansers

-Beauty Soap: Say Soap, Apricot Massage Soap, Cucumber Soap, Aloe Soap, 1st Date Soap, DeBON Soap

-Body Cleanser: Say Body Cleanser, Happy Kids Bubble Bath

-Foam Cleansing: Say Facial Foam, Apricot Massage Facial Foam, Bamboo Salt Extra-mild Facial Foam Cleansing

-Baby Care: Atopian Dermacare Lotion/Oil/Body Cleanser/Soap, Happy Kids Baby Soap

3. Hair care products including shampoos, conditioners, hair styling products

-Shampoo/Conditioner: Double Rich Hair Care, Double Rich Treatment Shampoo / Conditioner, Double Rich Intensive Treatment 2 in 1 Shampoo, Double Rich Anti-dandruff Shampoo / Conditioner, Double Rich Color Up Shampoo / Conditioner, Randez-vous Shampoo

-Hair Styling Aid: Double Rich Hair Mousse, Double Rich Hair Spray, Double Rich Hair Gel, Double Rich Hair Treatment Pack

4. Laundry products such as detergents and fabric softeners

-Laundry Detergent: Super Ti, One Scoop, One Scoop Tech

-Liquid Detergent

-Fabric Softener: Saffron, Essen Treatment

-Fabric Deodorant

-Air Freshener

5. Paper products like disposable diapers and wet tissues

-Disposable Diaper: Maman Premium Disposable Diaper

6. Household cleaning products such as kitchen and bathroom cleansers

-Dishwashing: Homestar Dishwashing Liquid, Homestar Mild

-Cleaning Products: Homestar Multi-purpose, Homestar Multi-purpose(spray), Homestar House Dust-Mite Remover, Homestar for glass, 119 Bacteria Removal, 119 Refridgerator Deodorizer, 119 Toilet Bacteria Remover

Cosmetics

-ISA KNOX: Basic Care, Special Care, Make Up

-LacVert: Basic Care, Special Care, Make Up

EZUp: Make Up

Brand Name : Danone

Detailed Products Spec.

Technologies Acquired

Trade Partners & Competitors

Suppliers

COSMAX CO., LTD.

902-4, SANGSIN-RI, HYANGNAM-MYEON, HWASEONG-SI, GYEONGGI-DO 445-922 KOREA

TEL: 82-31-353-6070 FAX: 82-31-353-5559

ICETEC INC.

2 FL., 686, JAYANG 2-DONG, GWANGJIN-GU, SEOUL 143-875 KOREA

TEL: 82-2-2049-0300 FAX: 82-2-2049-0351

KOLON DATA COMMUNICATION CO., LTD.

KOLON BLDG., 161-17, SAMSEONG 1-DONG, GANGNAM-GU, SEOUL 135-881 KOREA

TEL: 82-2-3660-7300 FAX: 82-2-3660-7578

ISU CHEMICAL CO., LTD.(110111-0008600)

CONAGRA

WCR KUOK

IOI

COSMO TRENDS

MACADAMIA PLANTATIONS OF AUSTRALIA

Customers

LG CHEM, LTD.

LG INTERNATIONAL CORP.

LG CNS CO., LTD.

SERVEONE CO., LTD.

LOTTE SHOPPING CO., LTD.

LOTTE SHOPPING CENTER BLDG., 1, SOGONG-DONG, JUNG-GU, SEOUL 100-721 KOREA

TEL:+82-2-752-2500 FAX: +82-2-752-6471

INDUSTRY: DEPARTMENT STORES

LOTTE MIDOPA CO., LTD.

713, SANGGYE 2-DONG, NOWON-GU, SEOUL 139-202 KOREA

TEL:+82-2-950-2500 FAX:+82-2-950-2031

INDUSTRY: DEPARTMENT STORES

SHINSEGAE CO., LTD.

SHINSEGAE, 52-1, CHUNGMURO 1-GA, JUNG-GU, SEOUL 100-011 KOREA

TEL:+82-2-727-1234 FAX:+82-2-727-1889

INDUSTRY: DEPARTMENT STORES

HYUNDAI DEPARTMENT STORE CO., LTD.

456, APGUJEONG 1-DONG, GANGNAM-GU, SEOUL 135-510 KOREA

TEL:+82-2-549-2233 FAX:+82-2-3416-5240

INDUSTRY: DEPARTMENT STORES

NEW CORE CO., LTD.

70-2, JAMWON-DONG, SEOCHO-GU, SEOUL 137-908 KOREA

TEL:+82-2-509-5000 FAX:+82-2-509-6123~4

INDUSTRY: DEPARTMENT STORES

SAMSUNG TESCO CO., LTD.

17 FL., SAMJEONG DEVELOPMENT BLDG., 701-2, YEOKSAM-DONG, GANGNAM-GU, SEOUL 135-080 KOREA

TEL:+82-2-3459-8001 FAX:+82-2-3459-8003

INDUSTRY: RETAIL SALE IN OTHER NON-SPECIALIZED LARGE STORES

KOREA AGRICULTURAL COOPERATIVE MARKETING INC.

230, YANGJAE 2-DONG, SEOCHO-GU, SEOUL 137-132 KOREA

TEL:+82-2-3498-1000 FAX:+82-2-3461-7945

INDUSTRY: WHOLESALE OF FRUIT AND VEGETABLES

COSTCO WHOLESALE KOREA INC.

COSTCO KOREA BD 65, YANGPYEONGDONG 3-GA YONGDUNGPO-GU SEOUL 150-963 KOREA

TEL:+82-2-2679-1234 FAX:+82-2-2679-0259

INDUSTRY: RETAIL SALE IN OTHER NON-SPECIALIZED LARGE STORES

Competitors

AMORE PACIFIC CORPORATION

AMORE PACIFIC CORP BD, 181, HANGANGNO 2-GA, YONGSAN-GU, SEOUL 140-777 KOREA

TEL:+82-2-709-5114 FAX:+82-2-709-6029

INDUSTRY: MANUFACTURE OF PERFUMES AND COSMETICS

CHARMZONE CO., LTD.

CHARMZONE BLDG., 106-16, CHEONGDAM-DONG, GANGNAM-GU, SEOUL 135-100 KOREA

TEL:+82-2-3485-9300 FAX:+82-2-3485-9469

INDUSTRY: MANUFACTURE OF PERFUMES AND COSMETICS

L'OREAL KOREA

31FL., ASEM TOWER, 159-1, SAMSEONG 1-DONG, GANGNAM-GU, SEOUL 135-798 KOREA

TEL:+82-2-3497-9500 FAX:+82-2-553-1005

INDUSTRY: WHOLESALE OF COSMETICS

COREANA COSMETICS CO., LTD.

204-1, JEONGCHON-RI, SEONGGEO-EUP, CHEONAN-SI, CHUNGNAM-DO 330-833 KOREA

TEL:+82-2-580-8500 FAX:+82-2-580-8509

INDUSTRY: MANUFACTURE OF PERFUMES AND COSMETICS

HANKOOK COSMETICS CO., LTD.

SEOLIN BLDG., 88, SEORIN-DONG, JONGNO-GU, SEOUL 110-790 KOREA

TEL:+82-2-724-3114 FAX:+82-2-737-3322

INDUSTRY: MANUFACTURE OF PERFUMES AND COSMETICS

AEKYUNG IND. CO., LTD.

83, GURO 2-DONG, GURO-GU, SEOUL 152-840 KOREA

TEL:+82-2-818-1700 FAX:+82-2-818-1800

INDUSTRY: MANUFACTURE OF TOOTHPASTE, SOAP AND SYNTHETIC DETERGENTS

OXY CO., LTD.

15 FL., DACOM BLDG., YEOKSAM 2-DONG, GANGNAM-GU, SEOUL 135-987 KOREA

TEL:+82-2-421-6789 FAX:+82-2-6003-4150

INDUSTRY: MANUFACTURE OF TOOTHPASTE, SOAP AND SYNTHETIC DETERGENTS

PIGEON CO., LTD.

384, CHEONGCHEON 2-DONG, BUPYEONG-GU, INCHEON 403-858 KOREA

TEL:+82-32-502-4995 FAX:+82-32-502-5866

INDUSTRY: MANUFACTURE OF TOOTHPASTE, SOAP AND SYNTHETIC DETERGENTS

CJ LION CO., LTD.

51, SINHEUNGDONG 3-GA, JUNG-GU, INCHEON 400-103 KOREA

TEL:+82-2-6363-1141 FAX:+82-2-6363-1199

INDUSTRY: MANUFACTURE OF TOOTHPASTE, SOAP AND SYNTHETIC DETERGENTS

Related Parties (Subsidiaries, Joint-Venture & Affiliates)

Affiliates
Overseas Office	OSAKA OFFICE 16F, SAKAISUJI-HONMACHI CENTER BLDG. NO, 1-6, 2-CHOME, HONMACHI, CHUO-KU OSAKA 541-0053, JAPAN TEL:+81-6-6267-0771 FAX:+81-6-6267-6651 SHANGHAI OFFICE 17TH FLOOR, CHARITY PLAZA, NO. 88 CAOXI ROAD (NORTH) SHANGHAI 200030 CHINA TEL:+86-21-5425-0011 FAX:+86-21-5489-2272,3 GUANGZHOU OFFICE ROOM 1005, NANFANG SECURITES BUILDING, 140-148 TIYU EAST ROAD, GUANGZHOU, CHINA TEL:+86-20-3887-9483 FAX:+86-20-3887-9566 SHEN YANG OFFICE KOH BROTHERS BUILDING ROOM.401 NO.21 BEIJING STREET, SHENHE DISTRICT, SHENYANG, CHINA TEL:+86-24-2252-4783 FAX:+86-24-2252-4786
Liaison Office
Overseas Branch
Joint Venture
Subsidiary	COCA-COLA BEVERAGE CO., LTD.(110111-1342130) (90.0% held by the subject company) THEFACESHOP LTD.(110111-0386973) HAITAI BEVERAGE CO., LTD.(110111-0900004) GINZA STEFANY COSMETICS INC.
Corporate Ownership	LG CORP.(110111-0003543)
Major Shareholders
Cooperative Enterprise	UNICHARM DANONE KOREA LIMITED(214214-0002336) -Insured Company LIG INSURANCE CO., LTD.(110111-0017859)

Sales by Region (Activity & Markets)

Sales/ Unit :Mil KRW	03/2012	2011	2010
Export	105,768	365,183	300,592
Domestic	903,447	3,201,575	2,615,640
Others	-39,029	-114,324	-89,749
Total	970,186	3,452,434	2,826,483

Not Available.

Court Action

There are 4 cases filed as Plaintiff(s)/ Creditor(s)/ Applicant(s) amounting INR 10,000,000 and 1,150,000,0000KRW, and 6 cases filed Defendant(s)/ Debtor(s)/ Respondent(s) amounting USD 880,000 and 228,000,0000KRW.

News Clipping

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.80
UK Pound	1	Rs.102.42
Euro	1	Rs.81.32

INFORMATION DETAILS

Analysis Done by :	SUM

Report Prepared by :	NIS

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.