|
Report Date : |
02.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
DAEWOO INTERNATIONAL CORPORATION |
|
|
|
|
Registered Office : |
10, Tongil-ro, Jung-gu, Seoul, Korea, 13th Fl., Yonsei Severance Bldg., Zip Code 100-753 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
27.12.2000 |
|
|
|
|
Com. Reg. No.: |
104-81-58195 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Wholesaler of Non-Specialized Goods including Cold Rolled Product,
Auto-Component, Impassioned Performance Product & Synthetic Resin |
|
|
|
|
No. of Employees : |
2,027 |
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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Exists |
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 |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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. 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 |
DAEWOO INTERNATIONAL CORPORATION (Trade Name : DWIC) (Korean Company Name : “(주)대우인터내셔널”) |
|
Registered Address |
10, Tongil-ro, Jung-gu, Seoul, Korea |
|
Building |
13th
Fl., Yonsei Severance Bldg. |
|
Zip Code |
100-753 |
|
Tel |
+82-2-759-2114 |
|
Fax |
+82-2-753-9489 |
|
E-mail |
|
|
Website |
|
|
Trading
Address |
10, Tongil-ro, Jung-gu, Seoul, Korea (Old Address System : 13th Fl., Yonsei Severance Bldg., 84-11,
Namdaemunno 5-ga, Jung-gu, Seoul, Korea (C.P.O. Box 2810)) |
|
Tel |
+82-2-759-2114 |
|
Fax |
+82-2-753-9489 |
|
- Other Address-Busan Factory |
1746-1, Songjeong-dong, Gangseo-gu, Busan,
Korea |
|
Tel |
+82-51-960-3114 |
|
Fax |
+82-51-988-2614 |
|
Other Address-Daewoo Dept. Store |
28, Sinpodong 2-ga, Masan-si, Gyeongsangnam-do,
Korea |
|
Tel |
+82-55-240-5000 |
|
Type |
Export/Import |
|
Industry |
Wholesale
of Non-Specialized Goods |
|
Main Business |
Cold
Rolled Product, Auto-Component, Impassioned Performance Product, Synthetic
Resin |
|
Sub
Business |
Sale
of Motor Vehicle Upholstery, Parts and Accessories |
|
Established (mm/dd/yyyy) |
12/27/2000 |
The Subject
occupies the premises of the registered address(16,149㎡), and owns Busan Factory(13,169㎡) and Masan Daewoo Department Store(16,984㎡).
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Vocational
training(86100000) |
|
Sell |
Steel
plate(30102204) |
|
Sell |
Steel(11101704) |
|
Sell |
Chemicals
including Bio Chemicals and Gas Materials(12000000) |
|
Sell |
Fibers(11151500) |
|
Sell |
Distribution(80141700) |
|
Sell |
Transportation
components and systems(25170000) |
|
Sell |
Structural
materials and basic shapes(30100000) |
|
Sell |
Base
Metals(11101700) |
|
Sell |
Industrial
process machinery and equipment and supplies(23150000) |
|
Name |
Lee
Dong-Hee |
|
Date of Birth |
11/10/1949 |
|
Title |
Vice Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
569,381,455,000 |
|||||||||||||||
|
Employees |
2,027 |
|||||||||||||||
|
Formation |
Listed Company (Koreas Stock Exchange :
047050) as of 03/23/2001 A Company of POSCO Group |
|||||||||||||||
|
Bank Details |
Woori Bank-Corporate Finance HQ Korea Development Bank Kyungnam Bank Korea Exchange Bank |
|||||||||||||||
|
Corporate Registered No. |
110111-2137358 |
|||||||||||||||
|
Business Registered No. |
104-81-58195 |
|||||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 672861 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
03/ 22/1967 Established as Daewoo
Industrial Co., Ltd 01/01/1982 Merged with Daewoo Development
Co., Ltd; changed name to Daewoo Corporation 12/ 27/2000 DAEWOO INTERNATIONAL CORPORATION
established as a result of spin-off plan of DAEWOO CORPORATION 03/ 23/2001 Listed at KSE again 11/ 15/2002 Granted Preliminary Graduation
of Work-Out 12/ 30/2003 Completed the Work-Out Program 04/13/2004 Increased capital to 474,943,880,000 KRW from 473,146,840,000 KRW 01/15/2007 Established DAEWOO STC VINA
LTD., in Vietnam 02/26/2007 Secured the developing right on
Myanmar’ Ocean AD-7 Zone 06/27/2007 Awarded Shareholders’ Value
Award 05/19/2008 Moved to the present HQ address
from Daewoo Center Bldg., 541, Namdaemunno 5-ga, Jung-gu, Seoul, Korea 05/14/2010 POSCO(174611-0000741) has been designated as a preferable
negotiating Partner for M&A on the Subject Company by KOREA ASSET MANAGEMENT
CORPORATION(KAMCO : 114671-0023169). 09/20/2010 Acquired 68,681,566
shares(68.2%) by POSCO 11/01/2010
Joined as an affiliated company of POSCO GROUP |
Corporation, Daewoo
Engineering and Construction Co., Ltd., and Daewoo Corporation on Dec. 27,
2000, Daewoo International Corporation was renewed as the corporation to deal
exclusively with the trade business.
As of 03/15/2000,
the subject has signed the agreement on Workout with the association of
Financial institutes creditors. At 12/30/2003 the subject has been decided the
completion of Workout procedure.
|
Job
Description |
Title |
Name |
Nationality |
Date of
Birth |
Education |
|
Vice Chairman & CEO |
Mr. |
Lee Dong-Hee |
Korean |
1949.11.10 |
Korea University, Korea |
|
Director |
Mr. |
Jeon Byung-Il |
Korean |
1955.03.01 |
Seoul National University, Korea |
|
Director |
Mr. |
Jang In-Hwan |
Korean |
1955.01 |
Korea University, Korea |
|
Outside
Director/Auditor |
Mr. |
Yoon
Je-Cheol |
Korean |
1947.12.28 |
Seoul
National University, Korea |
|
Outside
Director/Auditor |
Mr. |
You Chang-Moo |
Korean |
1950.10 |
Brunel University, UK |
|
Outside Director/Auditor |
Mr. |
Shin Jae-Hyun |
Korean |
1946.12.13 |
Seoul National University, Korea |
|
Outside Director/Auditor |
Mr. |
Kim Young-Gerl |
Korean |
1960.07.31 |
Seoul National University, Korea |
|
Year / Unit
: KRW |
Sales |
Assets |
Net Income |
|
11,743,216,376,000 |
6,980,087,935,000 |
97,973,875,000 |
|
|
(*)2012 |
17,011,373,493,000 |
6,989,139,520,000 |
306,041,024,000 |
|
(*)2011 |
18,758,511,490,000 |
7,823,738,433,000 |
160,087,808,000 |
|
(*)2010 |
15,664,736,502,000 |
6,247,274,381,000 |
2,207,449,000 |
|
2009 |
11,147,952,355,000 |
3,885,176,244,000 |
124,614,287,000 |
|
2008 |
11,045,767,821,000 |
2,675,256,912,000 |
88,001,342,000 |
|
2007 |
7,816,148,768,000 |
2,164,056,142,000 |
101,990,515,000 |
|
2006 |
6,383,614,771,000 |
1,928,794,170,000 |
112,807,879,000 |
|
2005 |
5,144,532,095,000 |
1,705,368,957,000 |
172,301,572,000 |
|
2004 |
5,017,210,407,000 |
1,622,774,223,000 |
114,053,022,000 |
(*)Figures are based
on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
2,500,000,000,000 |
|
Paid-Up Capital(KRW) |
569,381,455,000 |
|
Total Issues Shares |
113,876,291 |
Balance
Sheet
|
|||
|
Unit : Thousand Korean Won |
01/01/2013~09/30/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Total Assets |
6,980,087,935 |
6,989,139,520 |
7,823,738,433 |
|
Current Assets |
3,477,835,980 |
3,967,669,104 |
4,719,518,638 |
|
Cash & Cash
Equivalents |
108,412,139 |
196,540,551 |
274,375,106 |
|
Trade Receivables
& Other Receivables |
2,784,677,578 |
3,209,963,288 |
3,369,018,086 |
|
Other Current
Financial Instruments |
32,231,494 |
26,881,207 |
15,263,744 |
|
Derivatives |
29,755,771 |
50,708,467 |
73,418,092 |
|
Deferred Income Tax
Assets |
|
|
3,924,940 |
|
Other Current Assets |
100,706,595 |
100,568,424 |
167,329,927 |
|
Inventories |
422,052,403 |
383,007,167 |
787,800,810 |
|
Assets to be Sold |
|
|
28,387,933 |
|
Non-Current Assets |
3,502,251,955 |
3,021,470,416 |
3,104,219,795 |
|
Long-Term Trade
Receivables & Other Receivables |
520,672,791 |
447,320,397 |
219,117,362 |
|
Other Non-Current
Financial Instruments |
323,957,643 |
249,975,299 |
92,216,205 |
|
Investment_Related
Companies |
642,766,045 |
624,311,748 |
1,465,459,962 |
|
Tangibles |
443,746,528 |
362,921,262 |
284,227,409 |
|
Intangibles |
1,477,618,499 |
1,252,423,933 |
1,017,340,395 |
|
Investment_Real
Estates |
24,924,269 |
25,324,637 |
25,858,462 |
|
Deferred Income Tax
Assets |
68,566,180 |
59,193,140 |
|
|
Total Liabilities |
4,795,950,076 |
4,866,241,996 |
6,302,994,194 |
|
Current Liabilities |
3,444,942,883 |
3,494,434,855 |
4,225,712,152 |
|
Trade Payables &
Other Payables |
1,160,871,124 |
1,196,115,129 |
1,053,365,592 |
|
Short-Term Borrowings |
1,789,776,991 |
1,903,315,522 |
2,865,650,811 |
|
Current Portion of
Debenture |
322,139,033 |
|
149,960,506 |
|
Derivatives |
33,984,275 |
54,260,781 |
91,875,013 |
|
Other Current
Liabilities |
125,370,935 |
95,127,292 |
64,860,230 |
|
Deferred Income Tax
Credit |
12,800,525 |
245,616,131 |
|
|
Non-Current
Liabilities |
1,351,007,193 |
1,371,807,141 |
2,077,282,042 |
|
Long-Term Trade
Payables & Other Payables |
22,341,361 |
15,546,591 |
51,052,504 |
|
Long-Term Borrowings |
580,809,951 |
568,496,763 |
844,488,071 |
|
Debentures |
698,046,744 |
718,534,932 |
741,834,573 |
|
Convertible Bonds |
|
|
333,004,442 |
|
Other Non-Current
Debts |
3,593,135 |
19,940,459 |
19,029,737 |
|
Provision for
Severance & Retirement |
11,084,892 |
14,004,671 |
21,794,516 |
|
Provisions |
35,131,110 |
35,283,725 |
46,236,575 |
|
Deferred Income Tax
Credit |
|
|
19,841,624 |
|
Capital Stock |
569,381,455 |
569,381,455 |
515,904,075 |
|
Capital Surplus |
333,160,807 |
333,160,807 |
75,699,566 |
|
Others |
27,433,303 |
29,947,011 |
29,428,352 |
|
Profit Surplus |
1,254,162,294 |
1,190,408,251 |
899,712,246 |
|
Total Equity |
2,184,137,859 |
2,122,897,524 |
1,520,744,239 |
|
Liab. &
Shareholder’s Equity |
6,980,087,935 |
6,989,139,520 |
7,823,738,433 |
Income
Statement
|
|||
|
Unit : Thousand Korean Won |
01/01/2013~09/30/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Sales |
11,743,216,376 |
17,011,373,493 |
18,758,511,490 |
|
Cost
of Sold Goods |
11,152,399,861 |
16,167,050,644 |
17,841,625,840 |
|
Gross
Profit |
590,816,515 |
844,322,849 |
916,885,650 |
|
Selling
& Admin. Expenses |
488,510,057 |
703,331,083 |
744,189,359 |
|
Operating
Income |
102,306,458 |
140,991,766 |
172,696,291 |
|
Finance
Income |
715,764,235 |
1,359,220,161 |
1,499,416,920 |
|
Finance
Expenses |
700,027,443 |
1,040,064,658 |
1,560,781,285 |
|
Other
Non-Operating Income |
5,006,096 |
75,109,719 |
121,232,573 |
|
Other
Non-Operating Expenses |
11,952,641 |
63,644,896 |
55,133,548 |
|
Income
Before Taxes |
111,096,705 |
471,612,092 |
177,430,951 |
|
Income
Taxes Expenses |
13,122,830 |
165,571,068 |
17,343,143 |
|
Net
Income |
97,973,875 |
306,041,024 |
160,087,808 |
Cash Flows
|
|||
|
Unit : Thousand Korean Won |
01/01/2013~09/30/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Operating Activities Cash Flows |
54,524,751 |
640,152,076 |
-948,404,122 |
|
Net Income |
97,973,875 |
306,041,024 |
160,087,808 |
|
Adjustment |
236,780,959 |
378,128,124 |
-1,054,477,618 |
|
Interests Received |
30,028,769 |
48,735,327 |
23,844,051 |
|
Dividends Received |
21,891,107 |
53,099,216 |
37,929,511 |
|
Interests Paid |
-77,659,194 |
-144,700,044 |
-102,653,812 |
|
Income Taxes |
-254,490,765 |
-1,151,571 |
-13,134,062 |
|
Cash Flows from
Investing |
-356,087,406 |
667,944,376 |
-635,384,603 |
|
Cash Flows from
Financing |
213,625,265 |
-1,385,743,486 |
1,508,144,335 |
|
Increase/Decrease in
Cash |
-87,937,390 |
-77,647,034 |
-75,644,390 |
|
Cash at the Beginning
of Year |
196,540,551 |
274,375,106 |
350,059,626 |
|
Cash at the End of
Year |
108,412,139 |
196,540,551 |
274,375,106 |
|
Main Products & Services |
Steel, Metal, Chemical, Automotive and
Component, Machinery, Media and Electronics, Textiles, Commodity and Energy International trading, resource development
in foreign countries, domestic and international investments in business,
foreign projects, support of small and medium sized companies |
|
Suppliers |
TSM TECH CO., LTD. 4BA-505-1, SIHWA INDUSTRIAL COMPLEX, 748-6,
SEONGGOK-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO 425-110 KOREA TEL: 82-31-432-5511 FAX: 82-31-432-0412 INDUSTRY: MANUFACTURE OF ALL OTHER SPECIAL
PURPOSE MACHINERY, N.E.C. DONG HWA CO., LTD. 584-1, GAJWA 1-DONG, SEO-GU, INCHEON
404-812 KOREA TEL: 82-32-870-1500 FAX: 82-32-867-2238 INDUSTRY: MANUFACTURE OF OTHER PARTS AND
ACCESSORIES FOR MOTOR VEHICLES SSANGYONG MOTOR CO.,LTD.(110111-0035132) 150-3, CHILGOE-DONG, PYEONGTAEK-SI,
GYEONGGI-DO, KOREA TEL:+82-31-610-1114 FAX:+82-31-610-3700 INDUSTRY: MANUFACTURE OF PASSENGER MOTOR
VEHICLES |
|
Customers |
Payment: In case of exporting, mostly it is
paid by D/A, D/P and USANCE base with Export Insurance coverage. |
|
Competitors |
SK NETWORKS CO., LTD.(130111-0005199) HYOSUNG CORPORATION(110111-0030497) LG INTERNATIONAL CORPORATION(110111-0004632) SAMSUNG C&T CORPORATION(110111-0002975) HYUNDAI CORPORATION(110111-0205850) SSANGYON CORPORATION(110111-0031479) |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
POSCO(174611-0000741) POSCO COATED
& COLOR STEEL CO., LTD.(174611-0006492) POSCO
ENGINEERING & CONSTRUCTION CO., LTD.(174611-0002979) POSDATA CO.,
LTD.(110111-0658637) POSCO
REFRACTORIES & ENVIRONMENT CO., LTD.(174611-0001947) SAMJUNG PACKING
AND ALUMINUM CO., LTD.(174611-0000866) POS-A.C.
CO., LTD.(174611-0003448) POSCO
ENGINEERING & CONSTRUCTION CO., LTD.(174611-0002979) POSCO
RESEARCH INSTITUTE(110111-1042350) POSCO
CHEMTECH CO., LTD.(174611-0001947) POSTEEL(110111-0344591) POSCO SPECIALTY
STEEL CO., LTD. (194211-0025248) POSMEC(POSCO
MACHINERY & ENGINEERING CO., LTD.)(174611-0012176) POSCO
TERMINAL CO., LTD.(204611-0017575) POSTECH
VENTURE CAPITAL COOPERATION (174611-0029080) POSMATE CO.,
LTD.(110111-0739841) POSCO POWER CORPORATION(110111-1829576) SNNC CO.,
LTD.(204611-0023415) PHP CO.,
LTD.(120111-0421545) POSBRO(110111-3528986) SUWON GREEN
ENVIRONMENT CORPORATION(134811-0133794) POSCORE CO.,
LTD.(134811-0003343) RIZTECH BIZ
CO., LTD. POSWITH CO.,
LTD.(171711-0075927) P&R CO.,
LTD. UITRANS CO.,
LTD.(110111-3792309) BASYS
INDUSTRY CO. LTD.(110111-0954647) UNIVERSAL
STUDIOS RESORT DEVELOPMENT CORPORATION(134811-0167222) METAPOLIS
CO., LTD.(134811-0094475) SEOUNG GWANG
CO., LTD.(120111-0222844) CHEONGNA IBT
CO., LTD.(120111-0454520) POHANG FEUL
CELL CO., LTD.(171711-0076256) MEGA ASSET
CO., LTD.(161511-0097480) DAEWOOENGINEERING
COMPANY CO., LTD.(110111-0203268) POS ECO HOUSING CO., LTD.( 171711-0085893) DAKOS CO., LTD.(131111-0246297) MAPO HYBROAD PARKING CO., LTD.(110111-4250140) GWANGYANG FSC CO., LTD.(204611-0031385) POSPLATE CO., LTD.(204611-0031252) POS CALCIUM CO., LTD.(171711-0086180) (70.0% held by the subject company) |
|
Affiliates
& Companies invested by the subject company |
KYOBO LIFE INSURANCE CO., LTD. (110111-0014970) (24.0% held by the subject company) MYANMAR KOREA TIMBER INT'L LTD. (45.0% held by the subject company) KOSVIDA AGROCHEMICAL CO., LTD. HANJUNG POWER LTD. (49.0% held by the subject company) VOGUE CENTURY LTD. KOREA LNG LTD. (20.0% held by the subject company) DAEWOO INT'L (AMERICA) CORP (100.0% held by the subject company) DAEWOO INT'L (DEUTSCHLAND) GMBH (100.0% held by the subject company) DAEWOO INT'L JAPAN CORP (100.0% held by the subject company) DAEWOO INT'L SINGAPORE PTE LTD. (100.0% held by the subject company) MYANMAR DAEWOO INT'L LTD. (55.0% held by the subject company) DAEWOO CEMENT (SANDONG) CO., LTD. (100.0% held by the subject company) GEZIRA TANNERY CO., LTD. (60.0% held by the subject company) DAEWOO(CHINA) CO., LTD. (100.0% held by the subject company) MYANMAR DAEWOO LTD. (100.0% held by the subject company) DAEWOO TEXTILE COMPANY (100.0% held by the subject company) DAEWOO TEXTILE (H.K) LTD (100.0% held by the subject company) DAEWOO ITALIA S.R.L (100.0% held by the subject company) PT. RISMAR DAEWOO APPAREL (88.15.0% held by the subject company) GENERAL MEDICINES CO., LTD (33.0% held by the subject company) |
|
Affiliates
& Companies invested by the subject company |
DAYTEK ELECTRONICS CORP (100.0% held by the subject company) DAEWOO APPAREL VIETNAM LTD (100.0% held by the subject company) PT. INTERNATIONAL STEEL INDONESIA (51.0% held by the subject company) DAEWOO TEXTILE FERGANA LLC (100.0% held by the subject company) DMSA (2.75% held by the subject company) DAEWOO STC VINA LTD (100.0% held by the subject company) POSCO MEXICO PROCESSING CENTER HOLDING, LLC (29.0% held by the subject company) DAEWOO TEXTILE BUKHARA LLC (100.0% held by the subject company) DAEWOO INT'L AUSTRALIA PTY LTD. (100.0% held by the subject company) DAEWOO INT'L MEXICO S.A. de C.V. (100.0% held by the subject company) POS-ESDC LTD. (20.0% held by the subject company) KG POWER(M) SDN. BHD (20.0% held by the subject company) DAEWOO AAPC (100.0% held by the subject company) |
|
Affiliates
& Companies invested by the subject company |
KYOBO LIFE INSURANCE CO., LTD. (110111-0014970) (24.0% held by the subject company) MYANMAR KOREA TIMBER INT'L LTD. (45.0% held by the subject company) KOSVIDA AGROCHEMICAL CO., LTD. HANJUNG POWER LTD. (49.0% held by the subject company) VOGUE CENTURY LTD. KOREA LNG LTD. (20.0% held by the subject company) DAEWOO INT'L (AMERICA) CORP (100.0% held by the subject company) DAEWOO INT'L (DEUTSCHLAND) GMBH (100.0% held by the subject company) DAEWOO INT'L JAPAN CORP (100.0% held by the subject company) DAEWOO INT'L SINGAPORE PTE LTD. (100.0% held by the subject company) MYANMAR DAEWOO INT'L LTD. (55.0% held by the subject company) DAEWOO CEMENT (SANDONG) CO., LTD. (100.0% held by the subject company) GEZIRA TANNERY CO., LTD. (60.0% held by the subject company) DAEWOO(CHINA) CO., LTD. (100.0% held by the subject company) MYANMAR DAEWOO LTD. (100.0% held by the subject company) DAEWOO TEXTILE COMPANY (100.0% held by the subject company) DAEWOO TEXTILE (H.K) LTD (100.0% held by the subject company) DAEWOO ITALIA S.R.L (100.0% held by the subject company) PT. RISMAR DAEWOO APPAREL (88.15.0% held by the subject company) GENERAL MEDICINES CO., LTD (33.0% held by the subject company) |
|
Affiliates
& Companies invested by the subject company |
DAYTEK ELECTRONICS CORP (100.0% held by the subject company) DAEWOO APPAREL VIETNAM LTD (100.0% held by the subject company) PT. INTERNATIONAL STEEL INDONESIA (51.0% held by the subject company) DAEWOO TEXTILE FERGANA LLC (100.0% held by the subject company) DMSA (2.75% held by the subject company) DAEWOO STC VINA LTD (100.0% held by the subject company) POSCO MEXICO PROCESSING CENTER HOLDING, LLC (29.0% held by the subject company) DAEWOO TEXTILE BUKHARA LLC (100.0% held by the subject company) DAEWOO INT'L AUSTRALIA PTY LTD. (100.0% held by the subject company) DAEWOO INT'L MEXICO S.A. de C.V. (100.0% held by the subject company) POS-ESDC LTD. (20.0% held by the subject company) KG POWER(M) SDN. BHD (20.0% held by the subject company) DAEWOO AAPC (100.0% held by the subject company) |
|
Overseas
Office |
DAEWOO
INT'L(JAPAN) CORP. OSAKA BRANCH NIHON SEIMEI
YODOYABASHI BLDG, 8TH FL., 5-29, 3-CHOME, KITAHAMA, CHUO-KU, OSAKA, 541-0041
JAPAN TEL:+81-6-6222-0848~9
FAX:+81-6-6222-0865 DAEWOO
INT'L(JAPAN)CORP. NAGOYA BRANCH 6F,NAGOYA
HIROKOJI BLDG 3-1,SAKAE 2CHOME, NAKA-KU. NAGOYA, 460-0008 JAPAN TEL:+81-52-222-3717
FAX:+81-52-222-3719 DAEWOO INT’L
LONDON BRANCH OFFICE 10TH FLOOR
CI TOWER ST.GEORGES SQUARE, NEW MALDEN, SURREY KT3 4HH,UNITED KINGDOM TEL:+44-208-336-9131~3
FAX:+44-208-949-3783 OFICINA DE
MADRID CAPITAN
HAYA, 56, 6FLOOR-D, 28020 MADRID, SPAIN TEL:+34-91-571-0563
FAX:+34-91-571-6827 ISTANBUL
OFFICE CUMHURIYET
CAD.MERKEZ APT.163/7, 34373 ELMADAG - ISTANBUL TURKEY TEL:+90-212-232-1567/1592/1757
FAX:+90-212-232-1994 MOSCOW
OFFICE LENINSKY
PROSPECT 158. HOTEL SALYUT, OFFICE 303, MOSCOW, 117571, RUSSIA TEL:+7-095-234-9242/9244
FAX:+7-095-234-9249 TASHKENT
OFFICE 4TH FLOOR,
1, BUKHARA STEET, TASHKENT, 700015, UZBEKISTAN TEL:+998-71-133-0111,
0311 FAX:+998-71-133-2114 TORONTO
BRANCH SUITE
#403,1500 DON MILLS ROAD, NORTH YORK, ONTARIO CANADA, M3B 3K4 TEL:+1-416)510-2886
FAX:+1-416)510-0908 MEXICO
BRANCH BOSQUES DE
CIRUEOS NO,130-5 PISO, COL, BOSQUES DE LAS LOMAS C.P.11700 MEXICO D.F.,MEXICO TEL:+52-55)5596-5757,4243
FAX:+52-55)5596-1585 SUCURSAL
BUENOS AIRES TALCAHUANO
833, PISO 7 - F, (C1013AAQ) CAP. FED. BUENOS AIRES, ARGENTINA TEL:+54-11)4816-3201
FAX:+54-11)4815-1158 DAEWOO DO
BRASIL IMP. E EXP LTDA AV. PAULISTA
777, 13 ANDAR CEP-0311-100, SAO PAULO-S.P, BRASIL TEL:+55-11)3285-5699
FAX:+55-11)3266-4125 |
|
Overseas
Office |
BEIJING REPRESENTATIVE
OFFICE OFFICE
C-701, BEIJING LUFTHANSA CENTER 50 LIANGMAQIAO ROAD, CHAOYANG DISTRICT
BEIJING 100016, CHINA TEL:+
86-10-6465-2226 FAX:+86-10-6465-1531, 1532 SHANGHAI
OFFICE ROOM
1303-1309 RUIJIN B/D 205, MAO-MING ROAD(SOUTH) TEL:+86-21-6472-4280
FAX:+86-21-6472-0437 DALIAN
OFFICE DALIAN WORLD
TRADE CENTER ROOM 2602 NO.25, TONGXING STREET, ZHONGSHAN DISTRICT, DALIAN,
CHINA TEL:+86-411-8253-0808
FAX:+86-411-8253-0070 HARBIN
OFFICE HARBIN BAOIL
TECHNICAL BUILDING #810 NO. 93 ZHONGSHAN ROAD, XIANGFANG DISTRICT,
HARBIN,HEILONGJANG PROV., CHINA(POSTAL CODE :150036) TEL:+86-451-8233-0434,
0466, 6431 FAX:+86-451-8233-0264 CHANGCHUN
OFFICE NOBLE HOTEL
ROOM. 818 NO.4501 REMIN STREET, CHANGCHUN, JILIN PROVINCE, CHINA(POSTAL CODE
:130021) TEL:+86-431-563-0676,
567-4753 FAX:+86-431-567-4759 SHENYANG
OFFICE SHENYANG
TIMES PLAZA 6 F1.NO.99 BEIZHAN ROAD, SHENHE DISTRICT, SHENYANG, LIAONING
PROVINCE, CHINA(POSTAL CODE :110013) TEL:+86-24-2253-4496
FAX:+86-24-2253-4529 QINGDAO
OFFICE #703, FUTAI
PLAZA OFFICE TOWER, NO. 18 HONGKONG ZHONG ROAD, QINGDAO CHINA TEL:+86-532-8573-1688/8788
FAX:+86-532-8572-7588 WUHAN BRANCH #709 WUHAN
INT'L TRADE COMMERCE CENTER. NO. 566, JIANSHE AVE, WUHAN CHINA,(POSTAL CODE:
430022) TEL:+86-27-8577-0993
FAX:+86-27-8577-0992 GUANGZHOU
REPRESENTITIVE OFFICE ROOM 1301,
GITIC PLAZA MAIN BLDG. 339 HUANSHI DONG ROAD, GUANGZHOU, CHINA TEL:+86-20-8331-1371
FAX:+86-20-8331-2789 KUNMING
OFFICE ROOM 915
HORIZON JIANGUO HOTEL, 432 QINGNIAN ROAD, KUNMING, YUNNAN, CHINA(POSTAL CODE
: 650021) TEL:+86-871-318-3373
FAX:+86-871-318-0371 SHANTOU
REPRESENTATIVE OFFICE B/18F
EVERGREEN BUILDING, EAST JINSHA ROAD, SHANTOU, CHINA(POSTAL CODE : 515041) TEL:+86-754-816-3442~4,
816-9536 FAX:+ 86-754-816-3445 |
|
Overseas
Office |
TAIWAN
BRANCH 8FL-1,
NO.51, KEELUNG RD., SEC2, TAIPEI, TAIWAN TEL:+
886-2-8732-5557
FAX:+886-2-8732-5537/5856/5857 AUSTRALIA
REPRESENTATIVE OFFICE SUITE 2
LEVEL 4, 621 PACIFIC HIGHWAY ST. LEONARDS, NSW 2065 AUSTRALIA TEL:+
61-2-9906-7355 FAX:+61-2-9906-7588 MANILA
REPRESENTATIVE OFFICE 5TH FLOOR.
PACIFIC STAR BLDG., SEN. GIL J. PUYAT AVENUE COR. MAKATI AVENUE, MAKATI CITY.
PHILIPPINES TEL:+63-2-818-1031~2
FAX:+63-2-817-5267 HANOI OFFICE 3RD FLOOR,
OFFICE TOWER, DAEHA BUSINESS CENTER, 360 KIM MA ST., BA DINH DISTRICT, HANOI,
S.R. VIETNAM TEL:+84-4-8315220
FAX:+84-4-8317889 HOCHIMINH
OFFICE 117-121 LE
LOI ST. 1ST FLOOR, , DIST.1, HOCHIMINH CITY, S.R.VIETNAM TEL:+84-8-821-7740
FAX:+84-8-821-7750 BANGKOK
OFFICE UNIT
1901-1902, M.THAI TOWER, ALL SEASONS PLACE, 87 WIRELESS ROAD, LUMPINI,
PATHUMWAN, BANGKOK 10330,THAILAND TEL:+66-2-654-0124~8
FAX:+66-2-654-0129 JAKARTA
BRANCH LIPPO PLAZA
7TH FLOOR JL. JEND. SUDIRMAN KAV 25, JAKARTA 12920 INDONESIA P.O.BOX 2810 TEL:+62-21-520-4520
FAX:+62-21-520-3478 NEW DELHI
OFFICE 4/6, FIRST
FLOOR, SIRIFORT INSTITUTIONAL AREA,NEW DELHI-110049, INDIA TEL:+91-11-649-8201~3
FAX:+91-11-649-5387, 4792 |
|
Overseas
Office |
NEW DELHI
OFFICE 4/6, FIRST FLOOR,
SIRIFORT INSTITUTIONAL AREA,NEW DELHI-110049, INDIA TEL:+91-11-649-8201~3
FAX:+91-11-649-5387, 4792 TEHRAN
BRANCH NO. 27, REZA
NAYEBI ST., VESSAL SHIRAZI AVE., P.O. BOX 14155-3531, TEHRAN, IRAN TEL:+98-21-646-3571~7
FAX:+98-21-646-9805, 649-2057 DUBAI BRANCH P.O.BOX 8090
FLAT NO.221 OUD METHA BLDG., AL GARHOUD ROAD, DUBAI, U.A.E. TEL:+971-4-324-8240
FAX:+971-4-324-8241 TEL AVIV
OFFICE FLOOR 12TH,
AVIV TOWER BLDG. A, 48PETACH TIKVA ROAD. TEL AVIV 66184, ISRAEL TEL:+972-3-537-2292
FAX:+972-3-537-2286 RIYADH
OFFICE KING FAISAL
FOUNDATION BLDG. SOUTH TOWER, 8TH FLOOR, P.O.BOX 89644, RIYADH 11692 SAUDI
ARABIA TEL:+966-1-464-6814,
6211 FAX:+966-1-464-6814 AMMAN OFFICE QATEEF STR.,
HOUSE #24, UMM OTHINA, AMMAN, JORDAN TEL:+962-6-553-6451~2
FAX:+962-6-553-6453 BAGHDAD
OFFICE NO. 10
STREET, 29 QT, 601, MANSUR, BAGHDAD, IRAQ TEL:+964-1-543-1663,
5701 FAX:+964-1-542-9258 CAIRO
LIAISON OFFICE FLAT NO. 64,
GEZIRAH TOWER 1, ROAD NO. 151, MAADL CAIRO, EGYPT TEL:+20-2-525-6012,
524-0810 FAX:+20-2-525-6015 NAIROBI
BRANCH INTERNATIONAL
HOUSE 5TH FLOOR, MAMA NGINA STEERT P.O.BOX 43739 G.P.O NAIROBI KENYA TEL:+254-20-316108,
316109 FAX:+254-20-316135 |
|
Overseas
Office |
RABAT BRANCH ANGLE RUE DE
HONAINE ET 16 NOVEMBRE, IMM 2, APT 11 AGDAL, B.P 8153 RABAT, MOROCCO TEL:+213-37-674509
FAX:+212-37-674510 ALGERIA
BRANCH HOTEL
INTERNATIONAL ALGER, ROOM #225, PINS MARITIMES, ALGER, ALGERIA TEL:+213-21-210752
FAX:+213-21-219796 TUNIS OFFICE CHEZ
SOREPRAS, 92, RUE 18, JANVIER 1952 1001 TUNIS, TUNISIA TEL:+216-71-334051
FAX:+216-71-334051 LUANDA
OFFICE AV.HIJI YA
HENDA, TORRE B, 2O. ANDAR, APTO. B(AO ESTADIO DA CIDADELA), P.O.BOX 513, LUANDA, ANGOLA TEL:+244-2-263635,
263931, 263966 FAX:+244-2-263670 JOHANNESBURG
BRANCH 1ST FLOOR, FEDSURE
TOWERS 13 FREDMAN DRIVE SADOWN, SANDTON 2196 REPUBLIC OF SOUTH AFRICA P.O.BOX
786734 SANTON 2146 SA TEL:+27-11-784-1326
FAX:+27-11-784-1301 |
|
Subsidiary |
DAEWOO INT'L
(AMERICA) CORP.(USA) (100.0% held
by the subject company) DAEWOO INT'L
JAPAN CORP.(Japan) (100.0% held
by the subject company) DAEWOO INT'L
(DEUTSCHLAND) GmbH.(Germany) (100.0% held
by the subject company) DAEWOO
ITALIA S.R.L.(Italy) (100.0% held
by the subject company) PT. RISMAR
DAEWOO APPAREL(Indonesia) (100.0% held
by the subject company) DAEWOO
TEXTILE COMPANY(Uzbekistan) (100.0% held
by the subject company) DAEWOO
CEMENT(SHANDONG) CO., LTD.(China) (100.0% held
by the subject company) DAEWOO(CHINA)
CO., LTD.(China) (100.0% held
by the subject company) GEZIRA TANNERY
CO.,LTD.(Sudan) (60.0% held
by the subject company) DAEWOO INT'L
SINGAPORE PTE. LTD.(Singapore) (100.0% held
by the subject company) DAYTEK
ELECTRONICS CORPORATION(Canada) (100.0% held
by the subject company) DAEWOO
TEXTILE FERGANA LLC.(Uzbekistan) (100.0% held
by the subject company) PT.
INTERNATIONAL STEEL INDONESIA(Indonesia) (51.0% held
by the subject company) SOZHOU
JINWOO TEXTILE DYEING CO., LTD.(China) (90.2% held
by the subject company) DAEWOO PAPER
GOBOON CO., LTD.(China) (59.9% held by
the subject company) DAEWOO
INTERNATIONAL AUSTRALIA PTY LTD. (100.0% held
by the subject company) MYANMAR DAEWOO INT'L CORP. (100.0% held
by the subject company) DAEWOO INT'L VIETNAM CO., LTD. (100.0% held
by the subject company) DAEWOO INT'L CAMEROON S.A. (100.0% held
by the subject company) |
|
Cooperative
Enterprise |
SAUDI STEEL
PIPE-SAUDI ARABIA SEARS /
K-MART -USA ASH / ARGOS
- USA PDC-VIETNAM MPE -
MYANMAR UNIPLAST -
UKRAINE CEMEX
TRADING LLC - USA VYKSA -
RUSSIA PWP - USA CHERRY AUTOMOBILE
- CHINA MYGYAR
SUZUKI – JAPAN -Insured
Company LIG INSURANCE CO., LTD(110111-0017859) |
(Activity &
Markets)
|
Sales/ Unit
:Mil KRW |
2010 |
2009 |
2008 |
|
Export |
8,055,495 |
5,963,358 |
6,141,132 |
|
Domestic |
758,524 |
426,862 |
279,961 |
|
Others |
6,857,985 |
4,757,732 |
4,624,675 |
|
Total |
15,672,004 |
11,147,952 |
11,045,768 |
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
|
Kim Jae-Cheon & Others(1) |
The Subject Company |
Refund of Inappropriate profit |
USD
433,000 |
proceeding |
|
|
|
Park Bae-Ok & Others(627) |
The Subject Company |
Salaries |
628,000,000 |
proceeding |
|
|
|
DAEWOO
CORPORATION(110111-0150138) |
The Subject Company |
Surplus |
500,000,000 |
proceeding |
|
|
|
LBA |
The Subject Company |
Claim for Damages |
EUR 5,000,000 |
Proceeding |
|
05/2002 |
Mumbai District Court |
IDBI |
The Subject Company |
Guaranteed Liabilities |
INR
4,458,849 |
Proceeding |
|
|
|
IRAQ |
The Subject Company |
Claim for Compensation from Damages |
- |
Proceeding |
|
|
|
Logistec
USA Inc. |
The Subject Company |
Claim for Damages |
USD
75,000 |
Proceeding |
|
|
|
CBX
RESOURCES, LLC |
The Subject Company |
Claim for Damages |
- |
Proceeding |
|
|
|
Bayoil
(USA), Inc |
The Subject Company |
Claim for Damages |
- |
Proceeding |
|
|
|
Petrochemical
Commercial Company |
The Subject Company |
Receivables |
EUR
3,270,000 |
Proceeding |
|
|
|
Henghou
Industries (Hong Kong) Limited |
The Subject Company |
Claim for Damages |
CNY
14,089,000 |
Proceeding |
|
|
|
Ningbo
Foreign TradeCo., Ltd. |
The Subject Company |
Claim for Damages |
CNY
28,112,000 |
Proceeding |
|
|
|
Dynatec
Madagascar |
The Subject Company |
Claim for Damages |
USD
199,862,000 |
Proceeding |
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.03 |
|
UK Pound |
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.33 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.