|
Report Date : |
14.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
SK NETWORKS CO., LTD. |
|
|
|
|
Registered Office : |
795, Gyeongsu-daero, Jangan-gu, Suwon-si, Gyeonggi-do, Korea |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
24.03.1956 |
|
|
|
|
Com. Reg. No.: |
124-81-00718 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Wholesale of Non-Specialized Goods Fabrics, Chemicals, Steel, System Related Total Solutions,
Clothing, Cellular Telephone |
|
|
|
|
No. of Employees : |
3,463 |
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 : |
Exist |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
South
Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SOUTH KOREA - ECONOMIC OVERVIEW
South Korea over the past
four decades has demonstrated incredible growth and global integration to
become a high-tech industrialized economy. In the 1960s, GDP per capita was
comparable with levels in the poorer countries of Africa and Asia. In 2004,
South Korea joined the trillion-dollar club of world economies, and is
currently the world's 12th largest economy. Initially, a system of close
government and business ties, including directed credit and import
restrictions, made this success possible. The government promoted the import of
raw materials and technology at the expense of consumer goods, and encouraged
savings and investment over consumption. The Asian financial crisis of 1997-98
exposed longstanding weaknesses in South Korea's development model including
high debt/equity ratios and massive short-term foreign borrowing. GDP plunged
by 6.9% in 1998, and then recovered by 9% in 1999-2000. 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 |
|
Company Name |
SK NETWORKS CO.,
LTD. (Korean Company Name : “SK네트웍스(주)”) |
|
Registered
Address |
795, Gyeongsu-daero, Jangan-gu, Suwon-si, Gyeonggi-do, Korea |
|
Building |
|
|
Zip Code |
440-816 |
|
Tel |
+82-2-2221-2114 |
|
Fax |
+82-2-2221-0080 |
|
E-mail |
webmaster@sknetworks.co.kr;jskim08@sknetworks.co.kr; sechan@sknetworks.co.kr;jonghun724@sknetworks.co.kr |
|
Website |
www.sknetworks.co.kr;www.walkerhill.co.kr |
|
Trading Address |
795, Gyeongsu-daero, Jangan-gu, Suwon-si, Gyeonggi-do, Korea (Old Address System : 104-28, Yeonghwa-dong, Jangan-gu, Suwon-si, Gyeonggi-do, Korea) |
|
Tel |
+82-2-2221-2114 |
|
Fax |
+82-2-2221-0080 |
|
Euljiro HQ Office |
198, Euljiro 2(i)-ga, Jung-gu, Seoul, Korea |
|
Tel |
+82-70-7800-2114 |
|
Fax |
+82-2-754-9414 |
|
Myungdong HQ Office |
199-15, Euljiro 2(i)-ga, Jung-gu, Seoul, Korea |
|
Tel |
+82-70-7800-2114 |
|
Fax |
+82-2-754-9414 |
|
Other Address-WALKERHIL Duty Free Shop |
177, Walkerhill-ro, Gwangjin-gu, Seoul, Korea |
|
Tel |
+82-2-450-6363 |
|
Fax |
+82-2-450-6349 |
|
Other Address-Metropolitan Branch |
4th Floor, Hong-in Building, 1579-9, Seocho, 3-dong, Seocho-gu, Seoul, Korea |
|
Tel |
+82-70-7800-0035 |
|
Fax |
+82-2-2101-1919 |
|
Other Address-Dongbu Branch |
8th Floor, Thrunet Building, 1423-1, Oncheon 3-dong, Dongrae-gu, Busan, Korea |
|
Tel |
+82-70-7800-8814 |
|
Fax |
+82-51-502-2053 |
|
Other Address-Seobu Branch |
7th Floor, Hanaro Telecom Building, 562-8, Gyerim 1-dong, Dong-gu, Gwangju, Korea |
|
Tel |
+82-70-7800-6801 |
|
Fax |
+82-62-233-6609 |
|
Other Address-Jungbu Branch |
5th Floor, Cheongsa Plaza, 924, Dunsan-dong, Seo-gu, Daejeon, Korea |
|
Tel |
+82-70-7800-5802 |
|
Fax |
+82-42-472-6842 |
|
Other Address-Busan Branch |
Songpa Building, 1063-1, Beomcheon-dong, Jin-gu, Busan, Korea |
|
Tel |
+82-51-818-6000 |
|
Fax |
+82-51-816-8901 |
|
Other Address-Daegu Branch |
51, Dongin 2-ga, Jung-gu, Daegu, Korea |
|
Tel |
+82-53-251-8000 |
|
Fax |
+82-53-424-9972 |
|
Other Address-Jungbu Branch |
2nd Floor, SK Telecom Dunsan Building, 594, Tanbang-dong, Seo-gu, Daejeon, Korea |
|
Tel |
+82-42-610-0100 |
|
Fax |
+82-42-488-7018 |
|
Other Address-Seobu Branch |
2nd Floor, Daeyoung Building, 1178-2, Chipyeong-dong, Seo-gu, Gwangju, Korea |
|
Tel |
+82-62-380-0100 |
|
Fax |
+82-62-383-3648 |
|
Other Address-Daejeon Sales Office |
2nd Floor, SK Telecom Dunsan Building, 594, Tanbang-dong, Seo-gu, Daejeon, Korea |
|
Tel |
+82-42-610-0180 |
|
Fax |
+82-42-488-6645 |
|
Other Address-Daegu Sales Office |
51, Dongin 2-ga, Jung-gu, Daegu, Korea |
|
Tel |
+82-53-425-4526 |
|
Fax |
+82-53-424-9972 |
|
Other Address-Busan Sales Office |
2nd Floor, Songpa Building, 1063-1, Beomcheon-dong, Jin-gu, Busan, Korea |
|
Tel |
+82-51-807-3112 |
|
Fax |
+82-51-818-8033 |
|
Other Address-Fashion Business Division |
The Korea Chamber of Commerce & Industry Bldg., 3FL., 45, Namdaemunro 4-ga, Jung-gu, Seoul, Korea |
|
Tel |
+82-70-7800-4564 |
|
Fax |
+82-2-3789-4292 |
|
Other Address-S-Movilion Business Division |
45, Namdaemunro 4-ga, Jung-gu, Seoul, Korea |
|
Tel |
+82-2-530-7900 |
|
Fax |
+82-2-530-7929 |
|
Other Address-S-Welheim Business Division |
45, Namdaemunro 4-ga, Jung-gu, Seoul, Korea |
|
Tel |
+82-70-7800-2143 |
|
Fax |
+82-2-776-5957 |
|
Type |
Export/Import |
|
Industry |
Wholesale of Non-Specialized Goods |
|
Main Business |
Fabrics, Chemicals, Steel, System Related Total Solutions,
Clothing, Cellular Telephone |
|
Sub Business |
|
|
Established
(mm/dd/yyyy) |
03/24/1956 |
The Subject owns
the premises of the registered HQ address.
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Petroleum and distillates(15101500) |
|
Sell |
Clothing(53100000) |
|
Sell |
Corporate uniforms(53102710) |
|
Sell |
Fuels and Fuel Additives and Lubricants and Anti corrosive Materials(15000000) |
|
Sell |
System administrators(81111800) |
|
Sell |
Information Technology Broadcasting and Telecommunications(43000000) |
|
Sell |
Digital video disk players or recorders(52161516) |
|
Sell |
Vehicle maintenance and repair services(78180100) |
|
Sell |
Mobile communications services(83111600) |
|
Sell |
World wide web WWW site operation host services(81112105) |
|
Sell |
School uniforms(53102705) |
|
Sell |
Structural materials and basic shapes(30100000) |
|
Sell |
Fabrics and leather materials(11160000) |
|
Sell |
Plywood(11121609) |
CEO’s
|
Name |
Moon Duck-Kyu |
|
Address |
- |
|
Date of Birth |
04/1952 |
|
Title |
President
& CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
648,653,775,000 |
|||||||||||||||||||||
|
Employees |
3,463 |
|||||||||||||||||||||
|
Formation |
Listed Company
(Korea Stock Exchange : 001740) as of 06/30/1977 A Company of
SK Group |
|||||||||||||||||||||
|
Bank Details |
Hana Bank |
|||||||||||||||||||||
|
Corporate
Registered No. |
130111-0005199 |
|||||||||||||||||||||
|
Business
Registered No. |
124-81-00718 |
|||||||||||||||||||||
|
Permit &
Licenses |
Int’l Trade
No.: 670904 |
|||||||||||||||||||||
|
Shareholder
Position |
|
|||||||||||||||||||||
|
Company
History |
03/24/1956 SK Global(Sunkyong Limited) established 11/30/1966 Presidential Award received (for increasing exports by US$1,835,000) 01/01/1976 Acquired Sunil Textile Corporation 11/22/1976 Designated as a general trading company 11/30/1976 Awarded for earning U$100 million in exports 06/30/1977 Listed on the Korean Stocks Exchange 11/28/1980 SK Corporation(formerly known as Yukong Limited) is acquired 12/22/1981 Awarded for earning U$500 million in exports 10/1989 Participated in the Oil Exploration Project in Myanmmar 10/1991 Started participation in Guyana Forest Development Project 10/09/1996 Established first Chinese Korean joint venture trading company in China 04/22/1997 Concluded contract on Cambodia Forest Development Project 07/01/1998 Changed company name to SK company 12/31/1999 SK Distribution merged with 07/31/2000 SK Energy Sales merged with 07/31/2000 Changed company name to SK Global 03/19/2003 Started the management by the Creditors of Financial Institutes 09/19/2003 Changed company name to SK Networks Co., Ltd. 10/27/2003 Signed the agreement on the execution of the Plan for strengthening operation 05/01/2005 Sold the equity share of SK Life Insurance 04/17/2007 Finished the Management Procedure by the Creditors of Financial Institutes 01/29/2008 The Subject decided to acquire OBZEE CO., LTD.(110111-1048960) as of 03/31/2008 05/01/2005 Sold the equity share of SK Life Insurance 04/17/2007 Finished the Management Procedure by the Creditors of Financial Institutes 05/2007 Moved to the present HQ address from 4, Pyeong-dong ,Gwonseon-gu ,Suwon-si, Gyeonggi-do, Korea and the offices at 4, Pyeong-dong ,Gwonseon-gu ,Suwon-si, Gyeonggi-do, Korea has been closed. 01/29/2008 The Subject decided to acquire OBZEE CO., LTD.(110111-1048960) as of 03/31/2008 09/23/2009 The Subject acquired WALKERHILL INC.(110111-0142854) |
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Date of Birth |
|
President
& CEO |
Mr. |
Moon Duck-Kyu |
Male |
Korean |
1952.04. |
|
Director |
Mr. |
Moon Jong-Hoon |
Male |
Korean |
1959.04 |
|
Director |
Mr. |
Park Sung-Ha |
Male |
Korean |
1965.10. |
|
Outside
Director |
Mr. |
Yoon Nam-Keun |
Male |
Korean |
1956. 05. 21 |
|
Outside
Director |
Mr. |
Hur Yong-Seok |
Male |
Korean |
1956.07 |
|
Outside
Director |
Mr. |
Song Ha-Joong |
Male |
Korean |
1952.12. |
|
Outside
Director |
Mr. |
Kim Sung-Min |
Male |
Korean |
1954.07. |
|
Year / Unit :
KRW |
Sales |
Assets |
Net Income |
|
10,646,898,560,343 |
8,167,856,427,775 |
17,325,418,334 |
|
|
(*)2013 |
23,739,620,446,948 |
8,168,923,062,095 |
-530,626,190,343 |
|
(*)2012 |
25,511,199,448,837 |
9,822,542,561,050 |
-85,791,826,303 |
|
(*)2011 |
26,224,418,959,648 |
10,266,831,121,466 |
138,054,125,450 |
|
(*)2010 |
23,523,724,352,491 |
9,160,781,740,016 |
152,885,200,394 |
|
2009 |
21,190,407,487,003 |
7,710,385,127,209 |
50,484,259,385 |
|
2008 |
21,897,444,114,737 |
7,982,489,469,620 |
92,575,278,890 |
|
2007 |
17,686,274,023,495 |
6,264,010,494,308 |
590,557,005,160 |
|
2006 |
15,784,019,148,561 |
5,832,208,519,481 |
473,936,092,951 |
|
2005 |
14,879,511,552,609 |
5,228,066,986,700 |
456,078,604,780 |
|
2004 |
13,613,718,718,390 |
4,408,265,423,877 |
460,628,881,668 |
|
2003 |
21,190,407,487,003 |
7,710,385,127,209 |
50,484,259,385 |
(*)Figures are based on the K-IFRS
Accounting System.
Financial Description
|
Authorized
Capital(KRW) |
7,500,000,000,000 |
|
Paid-Up
Capital(KRW) |
648,653,775,000 |
|
Total Issues
Shares |
248,301,295 |
|
Balance Sheet |
|||
|
Unit : Korean
Won |
01/01/2014~06/30/2014 |
As of
12/31/2013 |
As of
12/31/2012 |
|
Total
Assets |
8,167,856,427,775 |
8,168,923,062,095 |
9,822,542,561,050 |
|
Current
Assets |
3,843,872,826,097 |
3,802,563,770,575 |
4,315,426,906,655 |
|
Cash
& Cash Equivalents |
1,105,265,352,014 |
1,174,834,873,774 |
989,911,318,640 |
|
Current
Financial Instruments |
17,623,621,213 |
18,273,715,956 |
1,500,000,000 |
|
Trade
Receivables |
1,341,701,510,239 |
1,303,688,888,906 |
1,808,155,001,601 |
|
Derivatives |
47,164,799 |
3,489,885,398 |
28,513,393,822 |
|
Other
Finance Assets |
285,348,407,172 |
142,810,354,377 |
254,493,017,095 |
|
Other
Current Assets |
55,656,976,477 |
57,733,854,350 |
58,967,976,149 |
|
Inventories |
757,498,496,790 |
806,527,172,918 |
1,157,080,046,348 |
|
Assets
to be Sold |
280,731,297,393 |
295,205,024,896 |
16,806,153,000 |
|
Non-Current
Assets |
4,323,983,601,678 |
4,366,359,291,520 |
5,507,115,654,395 |
|
Long-Term Finance Instruments |
45,000,000 |
45,000,000 |
1,045,769,121 |
|
Marketable
Financial Instruments |
144,778,885,403 |
138,822,826,831 |
182,761,186,395 |
|
Investment_Subsidiaries |
845,783,271,967 |
843,955,331,967 |
1,714,592,364,931 |
|
Other
Finance Assets |
196,478,353,862 |
254,327,770,968 |
246,046,007,745 |
|
Tangibles |
3,046,996,744,175 |
2,999,627,291,541 |
3,243,597,422,220 |
|
Intangibles |
61,106,173,077 |
70,138,354,477 |
73,860,267,350 |
|
Investment_Real
Estates |
25,042,509,006 |
13,645,111,236 |
35,520,402,886 |
|
Other
Non-Current Assets |
3,752,664,188 |
3,527,628,873 |
9,692,233,747 |
|
Deferred
Income Taxes Assets |
|
42,269,975,627 |
|
|
Total
Liabilities |
5,771,212,685,306 |
5,732,151,907,224 |
6,815,472,285,429 |
|
Current
Liabilities |
4,676,513,566,636 |
4,319,603,285,456 |
5,081,509,128,614 |
|
Trade
Payables |
2,630,489,727,056 |
2,688,788,353,867 |
3,100,332,792,277 |
|
Borrowings
& Debentures |
1,592,439,566,208 |
1,267,285,347,825 |
1,552,873,025,059 |
|
Derivatives |
56,333,790,034 |
46,997,790,179 |
88,419,120,254 |
|
Other
Financial Debts |
297,250,926,389 |
183,188,344,219 |
219,463,331,245 |
|
Accrued
Income Tax |
1,366,253,817 |
8,665,193,095 |
35,576,743,130 |
|
Other
Current Debts |
98,633,303,132 |
112,452,673,635 |
84,844,116,649 |
|
Non-Current
Assets to be Sold |
|
12,225,582,636 |
|
|
Non-Current
Liabilities |
1,094,699,118,670 |
1,412,548,621,768 |
1,733,963,156,815 |
|
Borrowings
& Debentures |
939,699,297,959 |
1,288,878,669,009 |
1,402,994,192,142 |
|
Derivatives |
|
11,834,633,243 |
8,803,867,282 |
|
Other
Financial Debts |
92,076,960,370 |
81,147,297,229 |
75,378,033,861 |
|
Deferred
Income Tax Credit |
13,279,036,044 |
|
219,053,930,393 |
|
Confirmed
Salaries |
26,321,808,139 |
10,446,107,689 |
16,056,061,515 |
|
Provisions |
21,466,972,867 |
18,354,798,793 |
9,861,338,324 |
|
Other
Non-Current Debts |
1,855,043,291 |
1,887,115,805 |
1,815,733,298 |
|
Capital
Stock |
648,653,775,000 |
648,653,775,000 |
648,653,775,000 |
|
Capital
Surplus |
788,089,953,532 |
847,431,994,810 |
847,431,994,810 |
|
Profit
Surplus |
959,807,964,669 |
943,558,761,074 |
1,516,289,914,815 |
|
Others |
92,049,268 |
-2,873,376,013 |
-5,305,409,004 |
|
Total
Equity |
2,396,643,742,469 |
2,436,771,154,871 |
3,007,070,275,621 |
|
Liab.
& Shareholder’s Equity |
8,167,856,427,775 |
8,168,923,062,095 |
9,822,542,561,050 |
|
Income Statement |
|||
|
Unit : Korean
Won |
01/01/2014~06/30/2014 |
As of
12/31/2013 |
As of
12/31/2012 |
|
Sales |
10,646,898,560,343 |
23,739,620,446,948 |
25,511,199,448,837 |
|
Cost
of Sold Goods |
9,892,258,506,259 |
22,053,666,612,048 |
23,710,453,097,103 |
|
Gross
Profit |
754,640,054,084 |
1,685,953,834,900 |
1,800,746,351,734 |
|
Selling
& Admin. Expenses |
674,618,979,008 |
1,547,151,486,210 |
1,509,302,063,684 |
|
Operating
Income |
80,021,075,076 |
138,802,348,690 |
291,444,288,050 |
|
Other
Income |
46,994,129,662 |
128,816,529,005 |
130,402,436,466 |
|
Other
Expenses |
60,311,956,401 |
918,871,075,509 |
349,255,612,790 |
|
Finance
Income |
133,720,422,398 |
355,791,010,616 |
410,835,561,239 |
|
Finance
Expenses |
180,965,968,434 |
446,215,203,049 |
527,608,693,588 |
|
Income
Before Taxes |
19,457,702,301 |
-741,676,390,247 |
-44,182,020,623 |
|
Income
Taxes Expenses |
2,132,283,967 |
211,050,199,904 |
41,609,805,680 |
|
Net
Income |
17,325,418,334 |
-530,626,190,343 |
-85,791,826,303 |
|
Cash Flows |
|||
|
Unit : Korean
Won |
01/01/2014~06/30/2014 |
As of
12/31/2013 |
As of
12/31/2012 |
|
Operating Activities Cash Flows |
-142,979,181,832 |
507,135,282,853 |
30,732,597,270 |
|
Net Income |
17,325,418,334 |
-530,626,190,343 |
-85,791,826,303 |
|
Adjustment |
110,791,996,358 |
825,620,767,187 |
449,781,522,072 |
|
Changes in Asset/ & Liability |
-224,988,008,032 |
362,481,854,165 |
-210,408,391,014 |
|
Interests Received |
10,154,672,507 |
19,880,676,855 |
27,175,015,946 |
|
Interests Paid |
-45,595,668,977 |
-93,917,919,977 |
-119,611,011,551 |
|
Dividends Received |
119,084,068 |
107,175,636 |
4,397,080,641 |
|
Income Taxes |
-10,786,676,090 |
-76,411,080,670 |
-34,809,792,521 |
|
Cash Flows from Investing |
81,489,004,317 |
99,502,863,719 |
590,705,655 |
|
Cash Flows from Financing |
-7,287,786,343 |
-421,714,591,438 |
-137,764,750,512 |
|
Increase/Decrease in Cash |
-68,777,963,858 |
184,923,555,134 |
-106,441,447,587 |
|
Cash at the Beginning of Year |
1,174,834,873,774 |
989,911,318,640 |
1,096,352,766,227 |
|
Cash at the End of Year |
1,105,265,352,014 |
1,174,834,873,774 |
989,911,318,640 |
Products,
Technologies, Services Description
|
Main Products
& Services |
IM(Information Communication Technology Marketing) E&C(Energy & Car) T&I(Trading & Investment) PM(Prestige Marketing) Brand Name : OK-mart, Skopi, OK-Cashbag, Tommy Hilfiger,
DKNY, Daimler Chrysler, Jaguar/Land Rover, Infiniti, Speedmate |
|
Main Products
& Services |
INFORMATION
& TELECOMMUNICATION COMPANY NETWORK
BUSINESS DIVISIONAL GROUP Continuous
Sales Growth of Existing Network Business & Building Base for New
Business (e-Government, Public Data, VoIP, etc.) On the basis of one of the
most stable QoS (Quality of Service) in the country, Network Business
Divisional Group provides “TONETZ”, a telecommunication line rental service
for corporate clients, and “TONETZ i-fone”, an internet telephony service.
Also selected as the operator for e-Government and public data network
projects, the Divisional Group is providing high-quality telecommunications
services for schools, government agencies and other major institutions. It
hopes to build on these efforts to become the top dedicated line operator in
Korea. INFORMATION
& TELECOMMUNICATION DISTRIBUTION BUSINESS DIVISIONAL GROUP 2nd Largest Telecommunications
Business in SK Networks: Providing Integrated ICT Services Information &
Telecommunication Distribution Business Divisional Group is expanding its
business spectrum, centering on domestic mobile devices such as mobile phones
and PDAs and encompassing service businesses such as rental, roaming,
after-sales service, exporting used mobile phones, and solution businesses
including IT system equipment distribution as well as Ufit, Pullbbang.com, OK
Coufun services that make use of wired & wireless platforms. In addition,
the Divisional Group has launched a mobile phone distribution business in
China, opening the first store in Shenyang in October 2006. Having grown to
include sixty mobile phone stores in China by 2007, the business will serve as
a solid foundation for SK Networks to secure the core four logistics hubs and
sales networks, in order to join the ranks of the top five distributors by
2011. |
|
Main Products
& Services |
GLOBAL
BUSINESS & PRESTIGE LIFESTYLE BUSINESS COMPANY GLOBAL BUSINESS
DIVISIONAL GROUP A Total
Solutions Provider that Satisfies Customers With its information power to
respond swiftly to market changes and its competitive logistics capacity,
Global Business Divisional Group is engaging in trading through a network of
more than twenty countries across the world, mainly on energy, chemicals, and
steel. The Divisional Group is aiming to become a globally localized trader,
focusing on local distribution in foreign markets such as China, and at the
same time maintaining a stable and continuous growth rate by carrying out new
businesses, for example developing strategic products, expanding strategic
markets and developing natural resources. PRESTIGE
LIFESTYLE BUSINESS DIVISIONAL GROUP Creating Rich
Customer Value through Customer-oriented Prestige Marketing Established in
March 2004 to reinforce customer service, Prestige Lifestyle Business
Divisional Group is creating new value that satisfies customers’ needs with
services including fashion, imported cars, housing products and wine funds.
The fashion business has secured top imported brands that reflect diverse
lifestyles and is also developing global fashion brands that continue to be
popular over the years. As of 2007, the imported car business offers a
portfolio of four brands including Chrysler, and is bringing innovation to
the market with reasonable prices and differentiated services by directly
importing premium auto brands such as Benz. Furthermore, the new-concept
housing development business that puts customers first, and the wine fund
business that provides a special way of enjoying high-quality wines are
offering customers options to enhance their quality of life. ENERGY
MARKETING COMPANY ENERGY
MARKETING DIVISIONAL GROUP Top
Network-based Marketing Business Unit that Creates New Customer Value As a leader in
the domestic petroleum product sales market, Energy Marketing Company
continues to strengthen its competitiveness by consistently improving its
service and quality, as well as conducting differentiated and unique
marketing methods. It is expanding its Car-Life business to become a total
service provider for automobiles, and is pursing diversification of the
distribution business by exploring new business models. The Divisional Group
is also aiming to achieve greater globalization through a full-scale business
in the Chinese market, such as the launching of Speedmate in Shanghai and an
integrated petrol station business focusing on the three Northeastern
provinces. |
|
Detailed
Products Spec. |
|
|
Technologies Acquired |
|
Trade Partners &
Competitors
|
Suppliers |
SK ENERGY CO., LTD.(110111-3710385) |
|
Customers |
|
|
Competitors |
-INFO &
TELECOMMUNICATION KT POWER COM DREAM LINE DACOM SKN HANARO -ENERGY GS-CALTEX CORPORATION(110111-0078819) S-OIL CORPORATION(110111-0189955) HYUNDAI OIL REFINERY CO., LTD.(110111-0090558) -INT’L TRADING LG INTERNATIONAL CORPORATION 12TH FL., LG TWIN TOWER EAST ANNEX, 20, YEOUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-3773-5114 FAX:+82-2-3773-5273 INDUSTRY: WHOLESALE OF NON-SPECIALIZED GOODS HYUNDAI
CORPORATION HUNGKUK LIFE
INSURANCE BD 226, SINMUNNO 1-GA, JONGNO-GU, SEOUL 110-786 KOREA TEL:+82-2-390-1114 FAX:+82-2-390-1101 INDUSTRY:
WHOLESALE OF NON-SPECIALIZED GOODS DAEWOO
INTERNATIONAL CORPORATION DAEWOO CENTER
BLDG., 541, NAMDAEMUNNO 5-GA, JUNG-GU, SEOUL 100-714 KOREA TEL:+82-2-759-2114 FAX:+82-2-753-9489 INDUSTRY:
WHOLESALE OF NON-SPECIALIZED GOODS HYOSUNG
CORPORATION HYOSUNG BLDG.,
450, GONGDEOK 2-DONG, MAPO-GU, SEOUL 121-720 KOREA TEL:+82-2-707-7000 FAX:+82-2-707-0130 INDUSTRY:
MAN-MADE FIBERS SPINNING SAMSUNG
CORPORATION 310,
TAEPYEONGNO 2-GA, JUNG-GU, SEOUL 100-865 KOREA TEL:+82-2-2145-2114 FAX:+82-2-2145-3114 INDUSTRY:
WHOLESALE OF NON-SPECIALIZED GOODS SSANGYONG
CORPORATION SSANGYONG BLDG.,
24-1, JEODONG 2-GA, JUNG-GU, SEOUL 100-748 KOREA TEL:+82-2-2270-8114 FAX:+82-2-2270-8334 INDUSTRY:
WHOLESALE OF NON-SPECIALIZED GOODS |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
SK
HOLDINGS CO., LTD.(110111-0022816) SK TELECOM CO., LTD.( 110111-0371346) PAXNET,
INC.(110111-1698830) IHQ,
INC.(110111-0042393) SK TELINK,
CORP.(110111-1533599) AIRCROSS CO.,
LTD.(110111-2121765) TU MEDIA
CORPORATION(110111-2907826) SK
COMMUNICATIONS CO., LTD.(110111-1322885) COMMERCE
PLANET CO., LTD.(110111-1416133) F&U CREDIT
INFORMATION CO., LTD.(135311-0003300) SK WYVERNS
CO., LTD(120111-0217366) SK TELESYS
CO., LTD.(110111-1405897) LOEN
ENTERTAINMENT, INC.(134111-0010706) INFOSEC CO.,
LTD(110111-2007858) ENCAR NETWORKS
LTD.(110111-2125270) INDEPENDENCE
CO., LTD.(110111-2010116) SKC MEDIA CO.,
LTD.(161511-0076377) IFILM
CORPORATION(110111-2857451) SK BROADBAND
CO., LTD.(110111-1466659) CU MEDIA.
INC.(110111-2031477) NTREEV SOFT
CO., LTD.(110111-2906456) SK I-MEDIA
CO., LTD.(110111-3505851) NURI SOLUTION
CO., LTD.(110111-1866213) HANAROMEDIA
INC.(110111-3292664) HANARO DREAM
INCORPORATED(110111-2183343) BROADBAND
D&M CO., LTD.(110111-1509269) NOWON JOEUN
TELECOM CO., LTD.(110111-3655218) MIRACLE
INFORMATION & TELECOMMUNICATION CO., LTD.(120111-0433491) QC I&T
CO., LTD.(110111-3675381) QL KWANAK CO.,
LTD.(110111-3826140) QL DONGJAK
CO., LTD.(110111-3729740) QL SEOCHO CO.,
LTD.(110111-3729807) QL YONGSAN
CO., LTD.(110111-3761023) QL YANGCHEON
CO., LTD.(110111-3729609) SK NETWORKS
CO., LTD.(130111-0005199) SK ENGINEERING
& CONSTRUCTION CO., LTD.(110111-0038805) SK SHIPPING
CO., LTD.(110111-0311392) SK C&C
CO., LTD.(110111-0769583) (15.0% held by
the subject company) INNOACE CO.,
LTD(110111-2104026) (43.0% held by
the subject company) IPLATFORM,
INC(110111-3638917) (66.67% held
by the subject company) |
|
Affiliates-Domestic |
SK D&D
CO., LTD.(110111-3001685) OK CASHBAG
SERVICE CO., LTD.(110111-1873432) SK NETWORKS
SERVICE CO., LTD.(135811-0141788) SK MARKETING
& COMPANY CO., LTD.(110111-3874066) BROADBAND TS
CO., LTD.(281111-0119401) BROADBAND CS
CO., LTD.(110111-1592595) BROADBAND
SEOUL CS CO., LTD.(110111-3558842) BROADBAND
BUSAN CS CO., LTD.(180111-0573774) BROADBAND
GYEONGGI CS CO., LTD.(134111-0147575) BROADBAND
GWANGJU CS CO., LTD.(200111-0233050) ANTS CO.,
LTD.(151111-0031058) ULLEUNG DEEP
SEA WATER CO., LTD(110111-3224724) SOLMICS CO.,
LTD.(134711-0014631) UB CARE CO.,
LTD.(110111-1105364) MECHARONICS
CO., LTD.(120111-0233338) ULLEUNG
MINERAL CO., LTD.(110111-2602244) REAL BEST CO.,
LTD. MRO KOREA CO.,
LTD(110111-2016940) (51.0% held by
the subject company) WS TRADING
CO., LTD.(110111-3448712) (100.0% held
by the subject company) SK SECURITIES
CO., LTD(110111-0037112) (22.71% held
by the subject company) |
|
Affiliates-Overseas |
KIWI STEEL
N.Z. LTD. SK NETWORKS
AMERICA, INC. SK NETWORKS
DEUTSCHLAND GMBH SK NETWORKS
AUSTRALIA PTY. LTD. SK STEEL
AUSTRALIA PTY. LTD. SK NETWORKS
(SHANGHAI) TRADING CO., LTD. SK NETWORKS
(GUANGZHOU) TRADING CO., LTD. SK(DONGGUAN)
STEEL CO., LTD SK(ZHANGJIAGANG)
METAL PRODUCTS CO.,LTD POSK
STEEL(PINGHU) PROCESSING CENTER CO.,LTD SK NETWORKS
PS(SHANTOU)CO., LTD NINGBO SK
ZHENBANG CHEMICAL. LTD DAIYANG - SK
NETWORKS METAL SANAYI VE TICARET LTD SK NETWORKS
MIDDLE EAST FZE PT SK NETWORKS
(INDONESIA) SHENYANG SK
NETWORKS ENERGY CO., LTD SHANGHAI
LAUNCH-SK AUTOMOBILE SERVICE CO., LTD SK NETWORKS
(SHANGHAI) MARKETING CO., LTD SK
NETWORKS(CHINA)HOLDINGS CO., LTD DANDONG SK
NETWORKS REAL ESTATE CO., LTD SHENYANG SK
NETWORKS BUS TERMINAL CO., LTD DANDONG SK
NETWORKS ENERGY CO., LTD DANDONG SK
NETWORKS LOGISTICS CO., LTD SHENYANG SK
NETWORKS ELECTRONICS &TELECOMMUNICATIONS CO., LTD SK NETWORKS
(SHANGHAI) ELECTRONICS &TELECOMMUNICATIONS MARKETING CO., LTD BEIJING SK
NETWORKS ELECTRONICS & TELECOMMUNICATIONS CO., LTD SHANDONG SK
NETWORKS ELECTRONICS &TELECOMMUNICATIONS CO., LTD SK NETWORKS
HONG KONG SK NETWORKS
MEXICO S.A DE C.V SKYNETWORKS
LCC. MIRAE COMPANY
LIMITED RICHARD CHAI
LLC. OBZEE N.Y |
|
Overseas
Office |
SK NETWORKS CO.,
LTD. QINGDAO BRANCH ROOM 1403,
HISENSE TOWER 17 DONGHAI XI ROAD, QINGDAO , CHINA TEL :
86-(532)-387-4331, 4333, 7054, 7187, 4440 FAX : 86-(532)-387-4555 SK NETWORKS
CO., LTD. GUANGZHOU BRANCH ROOM 1706, OFFICE
TOWER , CITIC PLAZA, NO.233 TIANHE ROAD NORTH , TIANHE DISTRICT, GUANGZHOU ,
CHINA (510613) TEL :
86-(20)-3891-2445 FAX : 86-(20)-8732-0869 SK NETWORKS
CO., LTD. WUHAN BRANCH ROOM 705,
WUHAN INT'L TRADE COMMERCIAL CENTRE, NO.297 XINHUA BACK ROAD , WUHAN , CHINA
(430022) TEL :
86-(27)-8577-5840, 5842, 5847 86-(27)-8572-4634, 4644 / FAX :
86-(27)-8577-5851 SK NETWORKS
CO., LTD. CHENGDU OFFICE
24 THFL. CHUANZIN MANSION , 18 SEC.2 RENMIN SOUTH ROAD , CHENGDU , CHINA
(610016) TEL :
86-(28)-6199-755~9 FAX : 86-(28)-6200-155 SK NETWORKS CO.,
LTD. DALIAN OFFICE 18TH FLOOR,
SENMAO BLDG. 147 ZHONG SHAN ROAD XIIGANG DISTRICT, DALIAN , CHINA
(116011) TEL :
86-(411)-8360-9393 FAX : 86-(411)-8369-3924 SK GLOBAL HONG
KONG LTD. TAIPEI BRANCH 5TH FLOOR ROOM
A-1 NO.287 NAN-KING EAST ROAD, SEC.3, TAIPEI, TAIWAN, R.O.C. TEL :
886-(2)-2718-3949 FAX : 886-(2)-2514-0377, 0294 SK NETWORKS
CO., LTD. HARBIN OFFICE
4TH FI., SONGLEIL GROUP BLDG. 160 ZHONGSHAN ST. , DONGLI DIST. HARBIN , CHINA
(150040) TEL :
86-(451)-264-8505 FAX : 86-(451)-246-8492 SK NETWORKS
CO., LTD. SHANGHAI BRANCH ROOM NO.2310,
INTERNATIONAL TRADE CENTER, 2201, YAN AN ROAD (W), SHANGHAI, CHINA TEL :
86-(21)-6295-0088 / FAX : 86-(21)-6295-0033/55 SK NETWORKS
(CHINA) HOLDINGS CO., LTD. SK NETWORKS PS (SHANTOU) CO., LTD SHENYANG SK
NETWORKS ENERGY CO., LTD 18/F BLOCKA
PRESIDENT BUILDING, NO.69HEPING NORTH STREET, HEPING DISTRICT, SHENYANG CITY,
LIAONING PROVINCE, CHINA TEL :
86-(24)-2281-4330 / FAX : 86-(24)-2281-4334,4340,4350 |
|
Liaison Office |
|
|
Overseas
Branch |
|
|
Joint Venture |
|
|
Subsidiary |
SK NETWORKS PS
(SHANTOU) CO., LTD. (100.00% held
by the subject company) POSK (PINGHU)
STEEL PROCESSING CENTER CO., LTD. (80.00% held
by the subject company) SK
(ZHANGJIAGANG) METAL PRODUCSTS CO., LTD. (100.00% held by
the subject company) SK NETWORKS
RESOURCES AUSTRALIA PTY., LTD. (100.00% held
by the subject company) DAIYANG SK
NETWORKS SAN. VE TIC.LTD.ST (51.00% held
by the subject company) |
|
Corporate
Ownership |
|
|
Major
Shareholders |
|
|
Cooperative Enterprise |
Tommy Hilfiger Licensing, Inc. |
Sales by Region
(Activity & Markets)
|
Sales/ Unit
:Mil KRW |
09/2011 |
2010 |
2009 |
|
Export |
2,426,089 |
2,045,324 |
2,814,825 |
|
Domestic |
17,649,251 |
15,784,216 |
21,346,639 |
|
Total |
20,075,340 |
17,829,540 |
24,161,464 |
The Subject
exports to China, Vietnam, Hong Kong, Taiwan, Japan, Philippines, USA,
Thailand, UAE, Saudi Arabia, Belgium, Italy and New Zealand..
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
2012NU9019 |
Seoul
High Court |
The
Subject Company |
Fair
Trade Commission |
Cancellation
on Imposed Penalty |
1,000,000,000 |
Proceeding |
|
2011GAHAP37051 |
Seoul
Central District Court |
The
Subject Company |
Ko
Chung-Hwan & Others(2) |
Claim
for Compensation from damages |
1,080,547,727 |
Proceeding |
|
2011DA104062 |
Supreme
Court |
The
Subject Company |
Commissioner
of Gangnam-Gu Office |
Claim
for Transferring equipment |
359,095,058 |
3rd
round is proceeding. |
|
2008NU9159 |
Seoul
High Court |
The
Subject Company & Others(2) |
Fair
Trade Commission |
Cancellation
on Imposed Order |
900,000,000 |
2nd
Round Proceeding |
|
2007DU26513 |
Supreme
Court |
The
Subject Company |
Commissioner
of Suwon Tax Office |
Cancellation
on Imposed VAT |
1,859,565,240 |
3rd
Round Proceeding |
|
2007
DU 18093 |
Supreme
Court |
The
Subject Company |
President
of Suwon Tax Office |
Cancellation
on Imposed VAT |
107,795,740 |
3rd
Round Proceeding |
|
2007Kuhap8912 |
Suwon
District Court |
The
Subject Company |
Commissioner
of Suwon Tax Office |
Cancellation
on Imposed VAT |
14,997,519,191 |
1st
Round Proceeding |
|
2007NA117681 |
Seoul
High Court |
Kim
Jong-Soo |
The
Subject Company |
Claim
for Compensation from damages |
147,666,600 |
2nd
Round Proceeding |
|
2008Kahap20662 |
Suwon
District Court |
T&G |
The
Subject Company |
Claim
for Attorney’s Fee |
737,203,879 |
1st
Round Proceeding |
|
2007
Kahap 7671 |
Seoul
Central District Court |
Kim
Jong-Soo |
The
Subject Company |
Claim
for damages |
147,666,600 |
Proceeding |
|
2007
Kahap 4166 |
Seoul
Nambu District Court |
SG
Wicars |
The
Subject Company |
Refund
on illegal profits |
26,436,167,852 |
Proceeding |
|
2006
Kaso 82825 |
Seoul
Central District Court |
Han
Cheong-Hee and others(3) |
The
Subject Company |
Claim
for damages |
12,288,000 |
Proceeding |
|
2006
Kahap 47023 |
Seoul
Central District Court |
Park
Byung-Joo and others(3) |
The
Subject Company |
Refund
on guarantee deposits |
186,966,666 |
Proceeding |
|
2006
Kuhap 8380 |
Suwon
District Court |
The
Subject Company |
Suwon
Tax Office |
Cancellation
on VAT |
619,855,080 |
Proceeding |
|
2006
Kahap 98380 |
Seoul
Central District Court |
SG
Wicars |
The Subject
Company |
Confirmation
on not existing liabilities |
1,649,232,599 |
Proceeding |
|
2006
Kahap 23353 |
Suwon
District Court |
Dongmung
Special Construction |
The
Subject Company |
Unacceptable
on dividends |
216,007,000 |
Proceeding |
|
2006
Kahap 4687 |
Goyang
Branch Court |
The
Subject Company |
Won
Young-Man |
Claim
for Trade Receivables |
186,000,000 |
Proceeding |
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.24 |
|
|
1 |
Rs.98.68 |
|
Euro |
1 |
Rs.77.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.