MIRA INFORM REPORT

 

 

Report Date :

21.06.2014

 

IDENTIFICATION DETAILS

 

Name :

DOOSAN CORPORATION

 

 

Formerly Known As :

OB BEER CO., LTD.

 

 

Registered Office :

275, Jangchungdan-ro, Jung-gu, Seoul, Korea, 31st Fl., Doosan Tower Bldg., Zip Code 100-730

 

 

Country :

South Korea

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

18.12.1933

 

 

Com. Reg. No.:

107-81-00237

 

 

Legal Form :

Listed Company

 

 

Line of Business :

Engaged in providing Electro-Materials BG, Fashion BG, Information & Communication BU, Glonet BU & Logistics Service

 

 

No of Employees :

4,016

 

 

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

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. 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 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, and heavy reliance on exports - which comprise about half of GDP.

 

Source : CIA

 

 


Basic

 

Company Name

DOOSAN CORPORATION

(Korean Company Name : “()두산”)

Registered Address

275, Jangchungdan-ro, Jung-gu, Seoul, Korea

Building

31st Fl., Doosan Tower Bldg.

Zip Code

100-730

Tel

+82-2-3398-0114

Fax

+82-2-3398-1135

E-mail

guide@doosan.com

Website

www.doosancorp.co.kr

Trading Address

31st Fl., Doosan Tower Bldg., 275, Jangchungdan-ro, Jung-gu, Seoul, Korea

(Old Address System : 31st Fl., Doosan Tower Bldg., 18-12, Euljiro 6-ga, Jung-gu, Seoul, Korea (P.O.BOX 80))

Tel

+82-2-3398-1121

Fax

+82-2-3398-1135

Other Address-DOOSAN R&D CENTER BIOTECH BIZ DIVISION

39-3, Seongbok-dong, Suji-gu, Yongin-si, Gyeonggi-do, Korea

Tel

+82-31-260-1421

Fax

+82-31-260-1381

Other Address-Gwangju Factory (Foods BG)

685-2, Ilgok-dong, Buk-gu, Gwangju 500-160 Korea

Tel

+82-62-572-6394

Other Address-Geochang Factory (Foods BG)

1400, Seokgang-ri, Gajo-myeon, Geochang-gun, Gyeongnam-do 670-911 Korea

Tel

+82-55-940-4106

Fax

+82-55-942-4029

Other Address-Iksan Factory (Food BG)

603, Yongje-dong, Iksan-si, Jeonbuk-do 570-350 Korea

Tel

+82-63-831-8836

Type

Export/Import

  Main Business

Engaged in providing Electro-Materials BG, Fashion BG, Information & Communication BU, Glonet BU & Logistics Service

Established (mm/dd/yyyy)

12/18/1933

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Prepared and preserved foods(50190000)

Sell

Publishing(82121800)

Sell

Lease and rental of property or building(80131500)

Sell

Clothing(53100000)

Sell

Plant hormones(10171502)

Sell

Software(43230000)

Sell

Application service providers(81112106)

Sell

Software or hardware engineering(81111500)

Sell

Distribution(80141700)

Sell

Plastic bottles(24122002)

Sell

ERP or database applications programming services(81111507)

Sell

Spices or extracts(50171550)

Sell

Eating and drinking establishments(90101500)

Sell

International trade services(80151600)

Sell

Commercial and Military and Private Vehicles and their Accessories and Components(25000000)

Sell

Cosmetics(53131619)

Sell

Cooking or table salt(50171551)

Sell

Domestic Appliances and Supplies and Consumer Electronic Products(52000000)

Sell

Vehicle parking services(78180303)

Sell

Vehicle maintenance and repair services(78180100)

Sell

Other adhesives and sealants(31201600)

Sell

Pasture and range services(70121900)

Sell

Printing(82121500)

Sell

Electronic component parts and raw materials and accessories(32131000)

Sell

Pickles(50171901)

Sell

Spirits or liquors(50202206)

Sell

Data center services(81112003)

Sell

Wine(50202203)

Sell

Alcohol cocktails or drink mixes(50202207)

Sell

Fast food establishments(90101503)

Sell

Dipping sauces or condiments or spreads or marinades(50171830)

Sell

Cereal grains(50221101)

Sell

Road cargo transport(78101800)

Sell

Institutional food services equipment(48100000)

Sell

Livestock feed(10121500)

Sell

Chemicals including Bio Chemicals and Gas Materials(12000000)

Sell

Packaging cans(24121800)

 

 

CEO’s

 

Name

Park Yong-Man

Date of Birth

02/05/1995

Title

Chairman & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

132,894,150,000

Employees

4,016

Formation

Listed Company (Korea Stock Exchange: 000150) as of 05/1973

A Company of Doosan Business Group

Bank Details

Woori Bank-Youngdeungpo Branch

Corporate Registered No.

110111-0013774

Business Registered No.

107-81-00237

Permit & Licenses

03-1997 Electronics BG awarded ISO14001 Certification (KSA-QA)

07-1991 Machinery BG plant in Changwon acquires ASME STAMP certificate

 

Int’l Trade No.: 841616

Shareholder Position

Name

Shares

%

NATIONAL PENSION SERVICE(110171-0007134)

1,453,396

5.53

TREASURY STOCK

5,358,572

20.39

YONKANG FOUNDATION(111122-0000296)

1,711,518

6.51

PARK YONG-KON

301,708

1.15

OTHERS

17,453,636

66.42

TOTAL

26,278,830

100.00

Company History

12/18/1933 Incorporated as SOHWA KIRIN BEER CO., LTD.

02/1948 Changed company name to ORIENTAL BEER CO., LTD.

02/1996 Changed company name to OB BEER CO., LTD.

09/01/1998 Changed company name to the present name

01/01/2009 Changed to Holding Companies

11/01/2012 Acquired DFMS CO., LTD.

12/28/2012 Decided to split off the company into the present company, and newly established company, NEO HOLDING CO., LTD.

08/2013 Transferred DCS Business to DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD.(194211-0000943)

09/2013 Acquired Operation Agent Business from DOOSAN INDUSTRIAL VEHICLE CO., .LTD.(120111-05671830) and N.SHAPER CO., LTD.( 110111-1943574)

 

 

 

Management

 

Job Description

Title

Name

Nationality

Date of Birth

Education

Chairman & CEO

Mr.

Park Yong-Man

Korean

1955.02.05

Seoul National University, Korea

Vice Chairman & CEO

Mr.

Lee Jae-Kyung

Korean

1950.06.27

Seoul National University, Korea

Chairman

Mr.

Park Jung-Won

Korean

1962.03.09

Korea University, Korea

Outside Director

Mr.

Nam Ik-Hyun

Korean

1963.03.

Seoul National University, Korea

Outside Director

Mr.

Kim Joon-Ki

Korean

1965.06.

London University, UK

Outside Director

Mr.

Song Kwang-Soo

Korean

1950.01.

Seoul National University, Korea

Outside Director

Mr.

Seo Dae-Won

Korean

1949.08.

Seoul National University, Korea

Outside Director

Mr.

Shin Hee-Taik

Korean

1952.08.06

Seoul National University, Korea

Outside Director

Mr.

Kim Chang-Hwan

Korean

1954.12.

Sungkyunkwan University, Korea

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

(*)03/2014

503,884,090,965

3,415,317,100,571

61,812,968,240

(*)2013

1,652,024,598,312

3,291,631,175,266

149,688,055,705

(*)2012

1,487,630,504,190

3,149,139,071,472

85,407,214,141

(*)2011

1,730,330,026,931

3,212,763,253,764

155,266,682,680

(*)2010

1,419,257,273,074

3,095,811,785,118

134,400,506,348

2009

953,387,185,675

2,748,424,425,743

232,298,744,300

2008

933,239,328,051

2,791,040,981,949

109,736,257,826

2007

1,407,603,291,295

2,237,922,188,163

24,717,013,375

2006

1,927,983,770,080

2,503,500,279,827

23,228,175,856

2005

1,864,460,112,711

2,606,988,671,698

7,955,758,504

2004

2,037,902,072,411

2,699,007,901,115

-41,363,454,438

 

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

 

 

Financial Description

 

Authorized Capital(KRW)

2,000,000,000,000

Paid-Up Capital(KRW)

132,894,150,000

Total Issues Shares

26,278,830 (Common : 20,882,071 / Preferable : 5,396,759)

 

 

Balance Sheet

Unit : Korean Won

01/01/2014~03/31/2014

As of 12/31/2013

As of 12/31/2012

Total Assets

3,415,317,100,571

3,291,631,175,266

3,149,139,071,472

Current Assets

689,536,266,406

571,883,652,205

567,179,407,696

Cash & Cash Equivalents

67,916,246,665

100,715,116,294

139,232,864,850

Current Financial Instruments

480,846,853

2,496,882,843

9,201,023,823

Marketable Financial Instruments

1,496,808,705

1,496,808,705

6,596,808,705

Trade Receivables

348,574,808,387

269,859,807,949

273,960,099,018

Other Receivables

64,012,188,436

13,457,011,384

14,554,285,980

Derivatives

575,607,464

1,448,414,660

900,422,329

Inventories

183,276,850,223

158,120,687,147

100,643,090,581

Other Current Assets

23,202,909,673

24,288,923,223

22,090,812,410

Non-Current Assets

2,725,780,834,165

2,719,747,523,061

2,581,959,663,776

Non-Current Financial Instruments

16,500,000

16,500,000

16,500,000

Marketable Financial Instruments

8,917,904,897

8,917,904,897

10,608,188,482

Investment_Related Companies

1,860,975,318,301

1,850,975,318,301

1,792,005,615,792

Tangibles

422,137,037,387

424,360,733,282

380,416,778,948

Intangibles

148,543,607,105

150,618,217,495

125,380,445,551

Investment_Real Estates

262,442,679,740

262,442,679,740

251,168,570,445

Other Receivables

3,776,265,155

3,581,153,803

2,909,570,719

Guarantee

18,832,225,809

18,695,021,819

19,099,975,754

Other Non-Current Assets

139,295,771

139,993,724

354,018,085

Total Liabilities

1,442,868,758,682

1,323,744,041,164

1,165,530,953,813

Current Liabilities

659,668,682,304

487,660,292,347

438,271,985,893

Trade Payables

268,197,727,739

173,093,393,959

206,224,953,437

Other Payables

109,721,486,365

55,726,786,238

49,088,501,828

Short-Term Borrowings

44,668,646,048

47,893,810,832

11,374,727,520

Current Portion of Debentures

49,951,023,531

49,934,176,243

39,947,778,411

Current Portion of Long-Term Debts

102,878,779,023

40,415,498,400

60,456,801,160

Derivatives

1,020,201,637

328,882,066

279,788,342

Accrued Income Tax

2,513,231,388

10,808,577,382

1,062,952,961

Provisions

5,416,484,338

7,625,008,523

2,445,353,276

Other Current Liabilities

75,301,102,235

101,834,158,704

67,391,128,958

Non-Current Liabilities

783,200,076,378

836,083,748,817

727,258,967,920

Debentures

478,442,368,147

478,316,202,537

428,235,213,417

Long-Term Borrowings

175,291,846,654

227,798,621,999

172,958,565,324

Provision for Severance & Retirement

71,711,334,093

67,054,937,405

70,894,886,401

Other Payables

12,537,429,476

13,769,253,203

17,433,886,004

Provisions

973,305,009

961,153,202

914,001,746

Deferred Income Tax Credit

41,255,267,170

45,650,684,157

33,895,607,023

Other Non-Current Liabilities

2,988,525,829

2,532,896,314

2,926,808,005

Capital Stock

132,894,150,000

132,894,150,000

132,777,900,000

Capital Surplus

646,955,866,876

638,681,932,971

729,523,373,714

Others

-369,376,779,455

-368,032,901,285

-333,675,259,838

Installments

38,248,728,970

39,434,337,058

16,049,691,101

Profit Surplus

1,523,726,375,498

1,524,909,615,358

1,438,932,412,682

Total Equity

1,972,448,341,889

1,967,887,134,102

1,983,608,117,659

Liab. & Shareholder’s Equity

3,415,317,100,571

3,291,631,175,266

3,149,139,071,472

 

 

Income Statement

Unit : Korean Won

01/01/2014~03/31/2014

As of 12/31/2013

As of 12/31/2012

Sales

503,884,090,965

1,652,024,598,312

1,487,630,504,190

Operating Expenses

423,615,288,791

1,456,583,776,789

1,361,342,959,073

Operating Income

80,268,802,174

195,440,821,523

126,287,545,117

Finance Income

4,203,635,901

15,914,169,867

17,467,712,455

Finance Expenses

12,140,785,615

52,483,208,458

49,577,129,934

Non-Operating Income

2,202,958,207

21,716,703,135

15,947,749,049

Non-Operating Expenses

7,271,696,890

22,173,466,047

13,037,192,627

Income Before Taxes

67,262,913,777

158,415,020,020

97,088,684,060

Income Taxes Expenses

5,449,945,537

19,173,420,649

23,973,275,579

Income from Continuous Business

61,812,968,240

139,241,599,371

73,115,408,481

Income from Stopped Business

 

10,446,456,334

12,291,805,660

Net Income

61,812,968,240

149,688,055,705

85,407,214,141

 

 

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

-20,290,837,619

231,349,135,439

207,441,939,783

Cash Flows from Operating

-7,159,690,247

175,682,828,147

219,661,208,648

Net Income

61,812,968,240

149,688,055,705

85,407,214,141

Adjustment

-9,994,822,200

23,421,315,016

77,822,193,283

Changes in Asset/ & Liability

-58,977,836,287

2,573,457,426

56,431,801,224

Interests Received

874,030,349

3,562,917,484

6,192,095,536

Interests Paid

-9,520,663,277

-36,520,280,877

-36,381,240,831

Dividends Received

 

102,054,304,158

47,672,413,519

Income Taxes

-4,484,514,444

-13,430,633,473

-29,702,537,089

Cash Flows from Investing

-17,237,666,892

-227,561,380,121

-90,911,575,137

Cash Inflow from Investing

2,798,033,556

41,222,879,254

15,680,485,020

Cash Outflows for Investing

-20,035,700,448

-268,784,259,375

-106,592,060,157

Cash Flows from Financing

4,723,684,395

-42,303,033,628

-133,140,934,182

Cash Inflows from Financing

10,007,494,000

353,309,297,438

255,503,654,000

Cash Outflows from Financing

-5,283,809,605

-395,612,331,066

-388,644,588,182

Increase/Decrease in Cash

-32,798,869,629

-38,517,748,556

-16,610,309,613

Cash at the Beginning of Year

100,715,116,294

139,232,864,850

155,843,174,463

Cash at the End of Year

67,916,246,665

100,715,116,294

139,232,864,850

 

 

Products, Technologies, Services Description

 

Main Products & Services

Electro-Materials BG

Doosan Electro-Materials BG was established in 1974. Since then, as the world leader in the field, the Company produces and sells high quality copper-clad laminate (CCL), a key component of PCBs and industrial fine chemical products.

The excellence of the quality of the Company CCL was proven with the acquisition of several certificates including the KS of Korea, UL of the U.S., BSI of Britain, CSA of Canada, VDE of Germany, JET of Japan, ISO 9001 and ISO 14001. Electronic parts made by Doosan Electro-Materials are used not only by domestic electronic giants including Samsung and LG, but also by top overseas electronics giants such as Sony, Hitachi, Toshiba, IBM, Phillips, AT&T, Thomson and Siemens.

Doosan Electro-Materials line of products includes phenol CCL (used in TVs, VCRs, audio systems, refrigerators, washing machines, CD-ROMs and DVD-ROMs), Epoxy CCL for PCBs (used in high-tech electronic equipment such as PCs, LCDs, mobile phones, military equipment and digital telecommunications equipment) and fine chemical products including industrial glues, coatings and optical plastics. In order to meet changing customer needs, Doosan Electro-Materials BG produces a wide range of quality products such as Paper Phenolic, Glass Epoxy, Composite, Thin Core, Mass Lam, Bonding Sheet, Resin Coated Copper Foil, Flexible CCL and OLED (Organic Light Emitting Diodes).

The Company global marketing network and state-of-the-art technology help Doosan Electro-Materials to better serve customers around the globe. Holding to the ultimate goal of customer satisfaction, Doosan Electro-Materials BG is working to strengthen its position as a global leader in the CCL industry with six domestic business plants (in Gumi, Jeungpyeong, Iksan, Kimcheon, and Ansan) and four corporate centers and three branches (in Hong Kong, Singapore, the U.S., China and Europe).

Main Products & Services

Fashion BG

Polo Ralph Lauren has established itself as the most successful fashion brand in the world over the past 30 years by charting a new course toward high-end lifestyles. There are 176 Polo stores across Korea selling men's wear, women's wear (Blue Label), Boy's and Girl's wear, and Polo jeans, as well as the Collection and Purple Label, two high-end lines.

One of the world's most successful lifestyle brands "Esprit" was born in America in 1968 by a young couple, Susie and Doug Tompkins. Esprit's motto is an international youthful lifestyle brand offering smart, affordable luxury and bringing newness & style to life. In 2006, 'Esprit Women Casual' and 'EDC by Esprit' is introduced in Korea. Women Casual is easy to wear, mix & match style and EDC is young & highly fashion oriented.

Main Products & Services

Information & Communication BU

First established as Dongyang Computer Technology in the 1970s, Doosan Information and Communication BU provides total IT services through comprehensive consulting and engineering services based on the expertise and rich experience the Company has accumulated over the past 30 years.

 

Glonet BU

Logistics Service

Detailed Products Spec.

Industrial materials

-PAPER PHENOLIC & COMPOSITE CCL

Copper clad laminate (CCL) is produced for use in household electronics including radios, cassette players, color TVs, VCRs, CD-ROMs, and DVD-ROMs. It is the only product, which ranks first in the global market among individual Korean products.

-Commercial Printing

This service provides the function of sales promotion to deliver company information with the critical content required by companies in terms of both quality and quantity and also offers corporate image (CI), brand image and corporation culture services to customers.

 

-Lysophos phatidyl ethanolamine (LPE)

LPE, currently commercialized under the brand name, NATURELOX, is a natural plant growth regulator exclusively produced using globally patented technology from our company. This product not only controls the growth rate of plants but also prevents cold weather damage and increases the sugar content, color quality, hardness and storage capacity.

 

-Sphingolipid

Sphingolipid is a component of skin and is used as an important raw material in the cosmetic industry thanks to its effectiveness in moisture preservation, skin aging prevention, and skin-surface pain alleviation.

-Phospholipid Polo is a retranslated American version of English traditionalism and is persistently loved as traditional/casual wear around the world. It is a world famous brand among consumers who are bored with trends.

Detailed Products Spec.

Consumer goods

-The Perfect Match of Soju and Green Tea a new version of soju with green tea added to subtly enhance soju's unique flavor. Green tea leaves from the beautiful ridges of Mt. Hanra and Mt. Jiri give the inherent flavor of Soju the refreshing taste of green tea.

-Representing the WHOPPER-Burger King

The Whopper is the true king of all hamburgers using select materials including a large patty (100% pure beef), twice as wide as a normal hamburger patty, fresh vegetables like lettuce, tomatoes, onions and pickles and specially flavored ketchup and mayonnaise.

-KFC's Peculiar Cooking Method-Original Chicken This delicious chicken is cooked in a dedicated compression cooker using 11 kinds of secret spices through a marinating process in which the spices are soaked into the inner part of the meat in order to enhance the taste and flavor of the chicken.

-Prestigious Brand - POLO by Ralph Lauren

Polo is a retranslated American version of English traditionalism and is persistently loved as traditional/casual wear around the world. It is a world famous brand among consumers who are bored with trends.

-ESPRIT

One of the world's most successful lifestyle brands "Esprit" was born in America in 1968 by a young couple, Susie and Doug Tompkins. Esprit's motto is an international youthful lifestyle brand offering smart, affordable luxury and bringing newness & style to life. In 2006, 'Esprit Women Casual' and 'EDC by Esprit' is introduced in Korea. Women Casual is easy to wear, mix & match style and EDC is young & highly fashion oriented.

-The Power of Reading the World- Reader's Digest Reader's Digest is currently the world largest culture magazine and sells over 25 million copies on a monthly basis. It is published in 19 languages with 48 international editions. Each gdedition of Reader's Digest is filled with hope and courage in life, common knowledge, hilarious humor, and interesting and touching stories.

-Fashion Bible - VOGUE KOREA Vogue is the most authoritative fashion magazine in the world. It contains a combination of utility, fun and high quality fashion and evokes the spirit of the generation. This magazine is the Fashion Bible and has demonstrated the power of style and has wielded an overwhelming influence for 100 years

-It's good to be a man ! - GQ KOREA GQ is a world-class men's magazine published in 10 countries including the U.S., U.K., Germany, Italy and Japan. GQ Korea boasts elaborate and in-depth coverage, stylish articles, traditions in the making of gentlemen, and comprehensive coverage of fashion trends.

 

 

Trade Partners & Competitors

 

Suppliers

SEOUL PAPER BOARD CO, LTD

292, MAESAN-RI, OPO-EUP, GWANGJU-SI, GYEONGGI-DO 464-893 KOREA

TEL:+82-31-766-1795  FAX:+82-31-766-2006

INDUSTRY: MANUFACTURE OF CORRUGATED CARDBOARD AND CARDBOARD BOXES

 

GS CALTEX CORPORATION

GS TOWER, 679, YEOKSAM 1-DONG, GANGNAM-GU, SEOUL 135-985 KOREA

TEL:+82-2-2005-1114  FAX:+82-2-2005-6051

INDUSTRY: PETROLEUM REFINERIES

 

SK CHEMICALS CO., LTD.

600, JEONGJA 1-DONG, JANGAN-GU, SUWON-SI, GYEONGGI-DO 440-745 KOREA

TEL:+82-31-245-3131  FAX:+82-31-247-2004

INDUSTRY: MANUFACTURE OF BASIC ORGANIC PETROCHEMICALS

 

TCC STEEL

20F DONG-YANG TOWER BD 93 DANGSANDONG 4-GA YEONGDEUNGPO-GU SEOUL 150-722 KOREA

TEL:+82-2-2633-3311  FAX:+82-2-2676-7006

INDUSTRY: MANUFACTURE OF BASIC CUT PRODUCTS OF IRON OR STEEL TO NON-RECTANGULAR SHAPES

 

SAMCHULLY CO., LTD.

8F SAMCHULLY B/D, 35-6, YEOEUIDO-DONG, YEONGDEUNGPO-GU, SEOUL 150-885 KOREA

TEL:+82-2-368-3300  FAX:+82-2-378-3423

INDUSTRY: MANUFACTURE OF GAS, DISTRIBUTION OF GASEOUS FUEL THROUGH MAINS

 

KUNSUL CHEMICAL INDUSTRIAL CO., LTD.

197, GAYA 2-DONG, BUSANJIN-GU, BUSAN 614-802 KOREA

TEL:+82-51-892-4221  FAX:+82-51-892-5576

INDUSTRY: MANUFACTURE OF GENERAL PAINTS AND SIMILAR PRODUCTS

 

KOREA ETHANOL SUPPLIES COMPANY(110111-0134851)

1059-11, NAMHYEON-DONG, GWANAK-GU, SEOUL, KOREA

TEL:+82-2-780-6212  FAX:+82-2-784-0595

INDUSTRY: WHOLESALE OF ALCOHOLIC BEVERAGES

Customers

KOREA HYDRO & NUCLEAR POWER CO., LTD.(110111-2207127)

Competitors

JINRO LIMITED(110111-0028591)

BOHAE BREWERY CO., LTD.(201111-0000036)

KUMBOKJU CO., LTD.(170111-0006165)

MUHAK CO., LTD.(190111-0002721)

 

SAMKWANG GLASS IND CO., LTD.(110111-0079817)

HANIL CAN COMPANY(184511-0000543)

HYOSUNG TNC

PULMUONE

CJ CORPORAION

DONGWON F&B

 

 

Related Parties

(Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

ORICOM INC(110111-0176986)

DOOSANBEARS INC(110111-0346919)

SRS KOREA CO., LTD.(110111-3139733)

SAMHWA CROWN & CLOSURE CO., LTD(134111-0003462)

DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD.(194211-0000943)

DOOSAN INFRACORE CO., LTD.(120111-0234469)

DOOSAN ENGINE CO., LTD(194211-0038423)

DOOSAN MECATEC., LTD.(110111-0126022)

DOOSAN CONSTRUCTION CO., LTD. (134511-0088135)

SAEJAE DEVELOPMENT CO.LTD(110111-1074048)

NEO TRANS CO., LTD.(131111-0141801)

GLOBAL LOGISTICS CO., LTD.(110111-1235749)

DOOSAN MOTORS CORP.(110111-3008293)

DONG HYUN ENGINEERING CO.,LTD.(110111-0508329)

NEOPLUX CO., LTD.(110111-1927841)

N.SHAPER(110111-1943574)

YONHAP CAPITAL CO.,LTD.(110111-1220336)

REXCON CO., LTD.(110111-3586273)

DOOSAN CUVEX CO., LTD.(140111-0032570)

Overseas Office

GLONET BUSINESS UNIT

 

LOS ANGELES

DOOSAN AMERICA CORP,

WILSHIRE FINANCIAL TOWER, 3600 WHISHIRE BLVD, SUITE 836, LOSANGELES, CA90010, U.S.A.

TEL:+1-213-738-7900~4 FAX:+1-213-738-7916

 

LOS ANGELES LIAISON OFFICE

WILSHIRE FINANCIAL TOWER, 3600 WHISHIRE BLVD, SUITE 836 LOSANGELES, CA90010, U.S.A.

TEL:+1-213-738-7900~4 FAX:+1-213-738-7916

 

TOKYO

DOOSAN JAPAN CO., LTD.

NO.11, MORI BLDG. 6F 2-6-4, TORANOMON, MINATO-KU, TOKYO 105, JAPAN

TEL:+81-3-3508-2125 FAX:+81-3-3508-2128

 

HONG KONG

DOOSAN HONG KONG CO., LTD.

SUITE 3001, TOWER2, GATEWAY TOWER, 25 CANTON ROAD, TSIMSHATSUI, KOWLOON, HONG KONG, CHINA

TEL:+ 852-2815-2238 FAX:+852-2815-0016

Overseas Office

LIQUOR BUSINESS GROUP

 

BEIJING

DOOSAN BAEKWHA FOOD & BEVERAGE CO., LTD.

B1/F, TOWER A,COFCO PLAZA NO.8, JIANGUOMENNEI DAJIE,

TEL :+86-10-6526-0599 FAX :+86-10-6526-0577

Overseas Office

ELECTRO-MATERIALS BUSINESS GROUP

 

SINGAPORE

DOOSAN CORPORATION ELECTRO - MATERIALS SINGAPORE PTE LTD.

NO.10. TOH GUAN ROAD#04 - 01B TT INTERNATIONAL TRADEPARK SINGAPORE 608838

TEL:+65-852-6327 FAX :+65-862-6329

 

TOKYO

TOKYO LIAISON OFFICE 6F

NO.11 MORI BLDG, 2-6-4, TORANOMON, MINATO-KU, TOKYO 105, JAPAN

TEL:+81-3-3508-2260 FAX:+81-3-3508-2128

 

SHANGHAI

SANGHAI BRANCH OFFICE

RM 401, NEW TOWN MANSION, 55 LOUSHANGUAN ROAD., SHANGHAI, CHINA

TEL : 86-21-6275-4429 FAX : 86-2-6275-9974

 

NEW JERSEY

U.S.A BRANCH OFFICE

600 SYLVAN AVENU FIRST FLOOR EAST. ENGLEWOOD CLIFF, NEW JERSY 07632 U.S.A.

TEL :+1-201-503-9120 FAX :+1-201-503-1314

 

HONG KONG

DOOSAN CORPORATION ELECTRO-MATERIALS(H.K.) LTD.

SUITE 712, OCEAN CENTRE 5 CANTON ROAD, TSIM SHA TSUI, KOWLOON HONG KONG, CHINA

TEL:+852-2317-0163 FAX :+852-2317-0236

 

DUSSELDORF

GERMAN BRANCH OFFICE

DOOSAN CORPORATION ELECTRO-METALS BG

MERGENTHALER ALEE23 D-65760 ESCHBORN, GERMANY

TEL:+49-61-96-481576 FAX :+49-61-96-481830

Liaison Office

LOS ANGELES LIAISON OFFICE

WILSHIRE FINANCIAL TOWER, 3600, WHISHIRE BLVD, SUITE 836, LOSANGELES, CA90010, U.S.A.

TEL:+1-213-738-7900~4 FAX:+1-213-738-7916

 

SANGHAI BRANCH OFFICE

RM 401, NEW TOWN MANSION, 55 LOUSHANGUAN ROAD., SHANGHAI, CHINA

TEL:+86-21-6275-4429 FAX:+86-2-6275-9974

 

U.S.A BRANCH OFFICE

600 SYLVAN AVENU FIRST FLOOR EAST. ENGLEWOOD CLIFF, NEW JERSY 07632 U.S.A.

TEL:+1-201-503-9120 FAX:+1-201-503-1314

 

GERMAN BRANCH OFFICE

DOOSAN CORPORATION ELECTRO – METALS BG MERGENTHALER ALEE23 D-65760, ESCHBORN, GERMANY

TEL:+49-61-96-481576 FAX:+49-61-96-481830

Subsidiary

DOOSAN TOWER CO., LTD.

14TH FL. DOOSAN TOWER BLDG. 18-12 ULCHI-RO 6 KA CHUNG-KU SEOUL 100-196 KOREA

TEL:+82-2-3398-3016  FAX:+82-2-3398-3028

INDUSTRY: RENTING OF NON-RESIDENTIAL BUILDINGS

 

DOOSAN PROFESSIONAL BASEBALL CLUB OB BEARS

IN JAMSIL- BASEBALL GROUND, 10, JAMSIL 1-DONG, SONGPA-GU, SEOUL 138-221 KOREA

TEL:+82-2-2240-1777  FAX:+82-2-2240-1788

INDUSTRY: SPORTS TEAMS AND CLUBS

 

NEOPLUX CAPITAL CO., LTD.

15TH FL., DOOSAN TOWER BLDG., 18-12, EULJIRO 6-GA, JUNG-GU, SEOUL 100-730 KOREA

TEL:+82-2-3398-1070  FAX:+82-2-3398-1071

INDUSTRY: OTHER INVESTMENT COMPANIES

 

ORICOM INC.

7 FL. DOOSAN BLDG., 105-7, NONHYEON 2-DONG, GANGNAM-GU, SEOUL 135-714 KOREA

TEL:+82-2-510-4059  FAX:+82-2-542-3966

INDUSTRY: MEDIA ADVERTISING AGENCIES

 

DOOSAN CORPORATION ELECTRO – MATERIALS SINGAPORE PTE LTD.

NO.10. TOH GUAN ROAD#04 - 01B TT INTERNATIONAL TRADEPARK SINGAPORE 608838

TEL:+65-852-6327 FAX:+65-862-6329

 

DOOSAN CORPORATION ELECTRO - MATERIALS(H.K.) LTD.

SUITE 712, OCEAN CENTRE 5 CANTON ROAD, TSIM SHA TSUI, KOWLOON HONG KONG, CHINA

TEL:+852-2317-0163 FAX:+852-2317-0236

 

DOOSAN AMERICA CORP.

WILSHIRE FINANCIAL TOWER, 3600, WHISHIRE BLVD, SUITE 836, LOSANGELES, CA90010, U.S.A.

TEL:+1-213-738-7900~4 FAX:+1-213-738-7916

 

DOOSAN HONG KONG CO., LTD.

SUITE 3001, TOWER2, GATEWAY TOWER, 25 CANTON ROAD, TSIMSHATSUI, KOWLOON, HONG KONG, CHINA

TEL:+852-2815-2238 FAX:+852-2815-0016

 

DOOSAN JAPAN CO., LTD.

NO.11, MORI BLDG. 6F 2-6-4, TORANOMON, MINATO-KU, TOKYO 105, JAPAN

TEL:+81-3-3508-2125 FAX:+81-3-3508-2128

Cooperative Enterprise

POLO/LAUREN COMPANY. L.P

GUESS. INC.

ESPRIT MACAU COMMERCIAL OFFSHORE LIMITED

TOYO GLASS CO., LTD.-JAPAN

NHN CORPORATION

JAPAN ECC

 

 


Court Action

 

Case No.

Court

Plaintiff(s)/ Creditor(s)/ Applicant(s)

Defendant(s)/ Debtor(s)/ Respondent(s)

Cause

Amount (KRW)

Status

 

 

Daeseung Frontier Co., Ltd.

The Subject Company

Claim for Compensation from Damages

1,000,000,000

Proceeding

 

 

Bae Dae-Young

The Subject Company

Nullifying Employee Firing

20,000,100

Proceeding

 

 

Lee Man-Ho

The Subject Company

Agreed Amount

315,800,000

Proceeding

 

 

Kim Kil-Soo & Others(94)

The Subject Company

Salary

1,082,000,000

Proceeding

 

 

Galuxia Communications Co., Ltd.

The Subject & Lee Seung-Joon

Claim for Compensation from Damages

1,875,000,000

Proceeding

 

 

Lee Ho-Yeon & Others(2)

The Subject Company

Compensation from Damages

154,000,000

Proceeding

 

 

Jang Kil-Soo & Others(97)

The Subject Company

Claim for Compensation from Damages

11,000,000

Proceeding

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.28

UK Pound

1

Rs.102.77

Euro

1

Rs.82.12

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

MNL

 

 

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.