|
Report No. : |
318192 |
|
Report Date : |
18.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
GS ENGINEERING & CONSTRUCTION CORPORATION |
|
|
|
|
Registered Office : |
33, Jong-Ro, Jongno-Gu, Seoul, Gran Seoul Tower, Korea 110-130 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
19.12.1969 |
|
|
|
|
Com. Reg. No.: |
104-81-18121 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Construction of Industrial Plants |
|
|
|
|
No. of Employees : |
6,583 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 economic 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. A system of close government and business ties, including
directed credit and import restrictions, initially 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 7% 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 over 6% growth in
2010. The US-Korea Free Trade Agreement was ratified by both governments in 2011
and went into effect in March 2012. Between 2012 and 2014, the economy
experienced sluggish growth because of external market slowdowns. The
administration in 2015 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 the heavy reliance on exports, which comprise about half of
GDP.
|
Source
: CIA |
|
Company Name |
GS ENGINEERING & CONSTRUCTION
CORPORATION |
|
Registered Address |
33, Jong-ro, Jongno-gu, Seoul, Korea |
|
Building |
Gran Seoul Tower |
|
Zip Code |
110-130 |
|
Tel |
+82-2-2154-1112 |
|
Fax |
+82-2-2154-0821 |
|
E-mail |
webmaster@gsconst.co.kr;ykp@gsconst.co.kr;jhoh04@gsconst.co.kr;
hrdong@gsconst.co.kr |
|
Website |
www.gsconst.co.kr |
|
Trading Address |
Gran Seoul Tower, 33, Jong-ro, Jongno-gu,
Seoul, Korea (Old Address System : Gran Seoul Tower,
70, Cheongjin-dong, Jongno-gu, Seoul, Korea) |
|
Tel |
+82-2-2154-1112 |
|
Fax |
+82-2-2154-0821 |
|
Other Address |
22FL., GS Gangnam Tower, 679, Yeoksam
1-dong, Gangnam-gu, Seoul, Korea |
|
Tel |
+82-2-2005-9177 |
|
Fax |
+82-2-2005-9258 |
|
Other Address-R&D Center |
417, Deokseong-ri, Idong-myeon, Cheoin-gu,
Yongin-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-329-4500 |
|
Fax |
+82-31-319-4660 |
|
Other Address-Jeju Resort |
San 17, Eoeum-ri, Aewol-eup, Jeju-si, Jeju-Do, Korea |
|
Tel |
+82-64-798-7000 |
|
Fax |
+82-64-799-7011 |
|
Type |
Export |
|
Industry |
Apartment Building Construction |
|
Main Business |
Construction of Industrial Plants |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
12/19/1969 |
The Subject owns the premises of registered HQ address, Gangchon Resort and Jeju Resort.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
General building construction(72130000) |
|
Sell |
Commercial or industrial construction(72131600) |
|
Sell |
Residential construction(72131500) |
|
Sell |
Renovation of buildings or landmarks or monuments(72102801) |
|
Name |
Lim Byung-Yong |
|
Address |
- |
|
Date of Birth |
08/1962 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
355,000,000,000 |
||||||||||||||||||||||||
|
Employees |
6,583 |
||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange:
006360) as of 08/03/1981 A Company of GS Group |
||||||||||||||||||||||||
|
Bank Details |
SC First Bank of Korea-Mapo Branch Shinhan Bank |
||||||||||||||||||||||||
|
Corporate Registered No. |
110111-0002694 |
||||||||||||||||||||||||
|
Business Registered No. |
104-81-18121 |
||||||||||||||||||||||||
|
Permit & Licenses |
1996 KT Mark 12/05/1999 ISO 14001 by BSI 10/15/2001 ISO 9001 by HSBRS Construction License No.: 10057(Chokyung),
343(Civil Engineering), 60 (Housing Construction) Int’l Trade No.: 970563 |
||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||
|
Company History |
12/19/1969 Incorporated as LUCKY DEVELOPMENT
CO., LTD. 01/04/1979 Acquired LUCKY Overseas
Construction Co., Ltd. 08/01/1999 Acquired LG Engineering Co.,
Ltd. 10/01/2000 Acquired Baikyang Development
Co., Ltd. 02/24/1995 Changed company name to LG
Engineering & Construction Co., Ltd. 01/27/2005 Separated from LG GROUP 03/18/2005 Changed company name to the
present name 04/04/2005 Joined as an affiliated company
of GS Group 01/2014
Moved to the present HQ address from 10, Toegye-ro, Jung-gu, Seoul, Korea(Old
Address System : 537, Namdaemunno 5-ga, Jung-gu, Seoul, Korea) |
||||||||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education &
Career |
|
Chairman & CEO |
Mr. |
Huh Chang-Soo |
Korean |
1948.10.16 |
Korea University, Korea |
|
President & CEO |
Mr. |
Lim Byung-Yong |
Korean |
1962.08 |
Seoul National University, Korea |
|
Director |
Mr. |
Huh Tae-Soo |
Korean |
1957.11 |
Korea University, Korea |
|
Outside Director/Auditor |
Mr. |
Jin Byung-Hwa |
Korean |
1948.06.08 |
Seoul National University, Korea |
|
Outside Director/Auditor |
Mr. |
Huh Young-Ho |
Korean |
1952.01.01 |
Seoul National University, Korea |
|
Outside Director/Auditor |
Mr. |
You Ho-Sun |
Korean |
1955.04 |
Seoul National University, Korea |
|
Outside Director/Auditor |
Mr. |
Choi Hyuck |
Korean |
1955.09 |
Chicago University, USA |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
8,353,332,345,307 |
11,510,474,695,214 |
-80,054,949,301 |
|
|
(*)2013 |
7,861,809,393,837 |
10,838,835,177,691 |
-926,034,067,748 |
|
(*)2012 |
8,530,989,162,786 |
10,216,368,515,120 |
119,134,176,566 |
|
(*)2011 |
8,524,883,692,768 |
10,304,705,725,042 |
412,570,779,516 |
|
(*)2010 |
7,865,282,625,856 |
10,017,486,706,321 |
386,600,167,085 |
|
2009 |
7,376,924,587,013 |
8,946,255,299,092 |
382,800,689,798 |
|
2008 |
6,865,848,283,075 |
8,182,262,403,210 |
381,553,875,670 |
|
2007 |
6,011,536,409,727 |
5,738,831,089,486 |
399,315,644,472 |
|
2006 |
5,745,164,633,335 |
4,751,421,165,926 |
386,953,458,149 |
|
2005 |
5,630,812,676,381 |
3,825,836,715,015 |
265,137,666,049 |
|
2004 |
4,049,093,403,401 |
3,303,259,665,072 |
156,119,585,786 |
(*Figures are based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
1,000,000,000,000 |
|
Paid-Up Capital(KRW) |
355,000,000,000 |
|
Total Issues Shares |
71,000,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total Assets |
11,510,474,695,214 |
10,838,835,177,691 |
10,216,368,515,120 |
|
Current
Assets |
7,667,877,015,274 |
7,503,602,900,063 |
7,032,214,478,820 |
|
Cash & Cash Equivalents |
1,806,962,983,348 |
1,560,588,482,006 |
1,276,340,123,460 |
|
Trade Receivables & Other
Receivables |
4,345,406,153,713 |
4,617,926,269,920 |
4,537,721,326,110 |
|
Inventories |
398,997,344,975 |
207,287,810,383 |
261,491,959,413 |
|
Other Finance Assets |
254,222,899,285 |
282,400,336,260 |
264,916,259,507 |
|
Other Current Assets |
862,287,633,953 |
835,400,001,494 |
691,744,810,330 |
|
Non-Current
Assets |
3,842,597,679,940 |
3,335,232,277,628 |
3,184,154,036,300 |
|
Tangibles |
1,137,343,008,624 |
1,025,175,780,081 |
1,036,560,695,964 |
|
Intangibles |
50,927,546,895 |
51,281,655,649 |
51,392,281,732 |
|
Investment_Real Estates |
113,642,299,877 |
121,235,112,987 |
293,169,593,067 |
|
Investment_Subsidiaries |
894,055,298,016 |
925,797,850,795 |
915,883,861,550 |
|
Long-Term Trade Receivables &
Other Receivables |
1,040,269,349,550 |
668,341,164,656 |
490,534,718,421 |
|
Non-Current Financial Instruments |
173,951,518,807 |
156,286,157,637 |
207,466,449,045 |
|
Non-Current
Portion of Deferred Income Tax Credit |
432,408,658,171 |
387,114,555,823 |
189,146,436,521 |
|
Total
Liabilities |
8,128,220,182,571 |
7,851,672,100,641 |
6,365,881,416,497 |
|
Current
Liabilities |
5,569,057,763,300 |
5,625,701,522,880 |
4,662,080,517,917 |
|
Trade Payables & Other
Payables |
1,432,355,458,018 |
1,342,171,593,980 |
1,279,210,199,886 |
|
Short-Term Borrowings |
1,551,277,574,825 |
2,057,599,212,700 |
1,105,394,621,540 |
|
Accrued Income Tax |
1,001,050,698 |
|
7,065,375,748 |
|
Other Current Liabilities |
2,584,423,679,759 |
2,225,930,716,200 |
2,270,410,320,743 |
|
Non-Current
Liabilities |
2,559,162,419,271 |
2,225,970,577,761 |
1,703,800,898,580 |
|
Trade Payables & Other
Payables |
136,079,934,317 |
|
|
|
Non-Current Financial Debts |
1,928,763,392,345 |
1,781,362,818,966 |
1,118,163,839,865 |
|
Provision for Severance & Retirement |
81,097,493,923 |
40,771,180,471 |
74,891,182,755 |
|
Non-Current Provisions |
281,122,286,678 |
298,544,168,756 |
316,200,205,466 |
|
Other Non-Current Debts |
132,099,312,008 |
105,292,409,568 |
194,545,670,494 |
|
Capital
Stock |
355,000,000,000 |
255,000,000,000 |
255,000,000,000 |
|
Capital Surplus |
585,959,020,969 |
134,460,795,711 |
134,460,795,711 |
|
Others |
-75,732,747,119 |
-75,732,747,119 |
-75,732,747,119 |
|
Other Accumulated Income |
-44,973,388,043 |
-5,359,861,761 |
-30,947,184,199 |
|
Profit Surplus |
2,562,001,626,836 |
2,678,794,890,219 |
3,567,706,234,230 |
|
Total Equity |
3,382,254,512,643 |
2,987,163,077,050 |
3,850,487,098,623 |
|
Liab. & Shareholder’s Equity |
11,510,474,695,214 |
10,838,835,177,691 |
10,216,368,515,120 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
8,353,332,345,307 |
7,861,809,393,837 |
8,530,989,162,786 |
|
Cost of Sold Goods |
8,031,049,082,161 |
8,446,954,582,642 |
7,900,955,006,240 |
|
Gross Profit |
322,283,263,146 |
-585,145,188,805 |
630,034,156,546 |
|
Selling & Admin. Expenses |
309,600,661,008 |
446,251,125,297 |
496,818,027,505 |
|
Operating Income |
12,682,602,138 |
-1,031,396,314,102 |
133,216,129,041 |
|
Other Operating Income |
387,793,730,343 |
387,678,330,210 |
388,888,264,801 |
|
Other Operating Expenses |
505,751,190,410 |
480,247,350,927 |
430,876,371,917 |
|
Finance Income |
413,496,099,727 |
207,872,511,256 |
216,132,610,092 |
|
Finance Expenses |
361,877,456,366 |
213,216,343,601 |
133,591,399,052 |
|
Income Before Taxes |
-53,656,214,568 |
-1,129,309,167,164 |
173,769,232,965 |
|
Income Taxes Expenses |
26,398,734,733 |
-203,275,099,416 |
54,635,056,399 |
|
Net Income |
-80,054,949,301 |
-926,034,067,748 |
119,134,176,566 |
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Operating
Activities Cash Flows |
542,536,599,601 |
-1,069,692,513,664 |
-309,622,514,540 |
|
Cash Flows from Operating |
434,460,745,100 |
-1,015,692,182,611 |
-137,832,133,848 |
|
Interests Received |
66,145,152,404 |
44,226,841,692 |
62,235,986,885 |
|
Interests Paid |
-73,744,856,847 |
-77,453,357,324 |
-53,160,598,330 |
|
Dividends Received |
154,108,937,434 |
14,592,542,620 |
8,798,001,896 |
|
Income Taxes |
-38,433,378,490 |
-35,366,358,041 |
-189,663,771,143 |
|
Cash
Flows from Investing |
-365,463,684,171 |
-227,034,131,344 |
-307,353,139,012 |
|
Cash Inflow from Investing |
1,147,074,832,755 |
687,022,979,923 |
766,558,901,753 |
|
Cash Outflows for Investing |
-1,512,538,516,926 |
-914,057,111,267 |
-1,073,912,040,765 |
|
Cash
Flows from Financing |
53,616,788,176 |
1,580,321,271,670 |
491,818,867,901 |
|
Cash Inflows from Financing |
2,653,621,011,718 |
3,174,656,352,347 |
1,790,647,092,011 |
|
Cash Outflows from Financing |
-2,600,004,223,542 |
-1,594,335,080,677 |
-1,298,828,224,110 |
|
Increase/Decrease
in Cash |
246,374,501,342 |
284,248,358,546 |
-124,499,259,920 |
|
Cash at
the Beginning of Year |
1,560,588,482,006 |
1,276,340,123,460 |
1,400,839,383,380 |
|
Cash at
the End of Year |
1,806,962,983,348 |
1,560,588,482,006 |
1,276,340,123,460 |
|
Main Products & Services |
General building construction -Construction Service Engineering, procurement, construction management services for civil construction -Highway, harbor, bridge construction Commercial or industrial
construction -Refinery and petrochemical plant, waste water treatment, waste disposal, and landfill Residential construction Renovation of buildings or landmarks or monuments |
|
Suppliers |
DONGKUK
STEEL MILL CO., LTD.(110111-0031338) HYUNDAI
STEEL COMPANY(120111-0001743) LS CABLE
LTD.(134111-0168357) GAON CABLE
CO., LTD.(134111-0000567) DOOSAN
MECATEC CO., LTD.(110111-0126022) |
|
Customers |
LG DISPLAY
CO., LTD.(110111-0393134) KYUNGBANG
LTD(110111-0013287) KOREA LAND
CORPORATION(114271-0001818) KOREA REAL
ESTATE INVESTMENT TRUST CO., LTD(110111-1258220) KOREA MIDLAND
POWER CO., LTD.(110111-2207193) KOREA HYDRO
& NUCLEAR POWER CO., LTD.(110111-2207127) KOREA WATER RESOURCES
CORPORATION(164171-0000052) KOREA GAS CORPORATION(114671-0006125) AL SUWADI POWER COMPANY AL BATINAH POWER COMPANY BAPCO SEVEN LUCK CASINO KOTRA LAND TRANSPORT AUTHORITY |
|
Competitors |
HYUNDAI
ENGINEERING & CONSTRUCTION CO., LTD.(110111-0007909) 140-2,
GYE-DONG, JONGNO-GU, SEOUL, KOREA TEL:+82-2-746-1114 FAX:+82-2-746-3333 DAEWOO
ENGINEERING & CONSTRUCTION CO., LTD.(110111-2137895) KUMHO ASIANA
FIRST TOWER, 57, SINMUNNO 1-GA, JONGNO-GU, SEOUL, KOREA TEL:+82-2-2288-3114 FAX:+82-2-2288-3113 SAMSUNG C
& T CORPORATION(110111-0002975) 1321-20,
SEOCHO 2-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-2145-2114 FAX:+82-2-2145-3114 DAELIM
INDUSTRIAL CO., LTD.(110111-0084915) DAELIM
BLDG., 146-12, SUSONG-DONG, JONGNO-GU, SEOUL, KOREA TEL:+82-2-2011-7114 FAX:+82-2-2011-8000 |
|
Affiliates-Domestic |
GS HOLDINGS CORP. (110111-3045112) GS HOME SHOPPING INC. (110111-1111444) COSMO CHEMICALCO., LTD (110111-0152738) SAMYANG TONGSANG LTD GS-CALTEX CORPORATION (110111-0078819) GS POWER (134111-0074744) HAEYANG CITY GAS CO., LTD (200111-0004906) SEORABEOL CITY GAS CO.,LTD (171211-0024180) OIL CHAIN CORPORATION (110111-2194754) GS FUELCELL CO.LTD. (160111-0108202) GS RETAIL (110111-0090037) GSWATSONS (110111-3136474) KOREA CABLE TV ULSAN STATION
(181211-0045481) GS TELESERVICE (110111-2618192) GS SPORTS.LTD (110111-3024330) HAMOO DEVELOMET CO., LTD (110111-0411142) XI SERVICE (110111-3141720) SAMYANG INT'L CO., LTD. (110111-0424848) BOHEUN DEVELOPMENT CO., LTD.
(110111-1557573) COMTECH INTERNATIONAL OKSAN DISTRIBUTION (110111-1426108) S M COMPANY LTD (110111-1308124) GS NEOTEK (110111-0166953) EZVILLE INC. (110111-1934557) CENTRAL MOTORS CORP. (131111-0101912) SUNGSAN GROUP CORPORATION (110111-0110653) SLS LTD (110111-1632424) SUNGSAN LEISURE INC (141111-0022893) YEOSU-WHAMUL INC (204714-0001033) WANNA NET COSMO FINE CHEMICALS CO., LTD.(110111-0531205) COSMO INDUSTRIAL CO.LTD (150111-0077722) SMARTRO CO., LTD (110111-1536189) COSMO & COMPANY CO., LTD.
(110111-0298243) COSMO CORPORATION CO., LTD.(110111-2559354) COSMO INET (110111-2559362) ISURF INC. (110111-2197047) LANDMARK ASIA, INC. (110111-2219411) DREAM SPORTS COSMO S&F MARUMAN KOREA (131111-0093953) DH CLUB.COM ESTECH ESTIMATE CORP. (110111-3253583) NEXTATION.CO.,LTD. (110111-2123571) UIJEONGBU LIGHT RAIL TRANSIT CO., LTD
(280111-0071743) STSLOGISTICS INC. (110111-1999197) GS EPS KANGNAM CABLE SYSTEM INC. (110111-1009780) ITMEXSYI (110111-3451731) GLS SERVICE CORP. (110111-3532846) |
|
Affiliates-Overseas |
GS CALTEX SINGAPORE PTE.(SINGAPORE) GS E&C ITALY S.R.L.(ITALY) GS E&C (NANJING) CO. LTD.(CHINA) GS E&C POLAND SP.Z.O.O.(POLAND) CHONGQING GS SHOPPING INC.(CHINA) SAMHO CO. LTD.(VIETNAM) SAMMA CORP.(PHILIPPINES) QINGDAO SAMYANG LEATHER CO., LTD.(CHINA) FARWEST STEEL CO.(USA) TONGDAL COSMO PLASTIC PIPE CO., LTD.(CHINA) GS AROMATICS PTE.(SINGAPORE) LIDONG CHEMICAL CO. LTD.(CHINA) GS-HP SUNFLOWER INTERNATIONAL VILLAGE
CORP.(VIETNAM) LANDMARK GLOBAL INC.(USA) WESTERN COATING INC.(USA) QINGDAO LIXING LOGISTICS CO., LTD.(CHINA) GS E&C THAI CO., LTD.(THAILAND) BEIJING SC MOTOR PARTS CO., LTD.(CHINA) FRONTIER NEMTWO(MALAYSIA) FRONTIER WOKAM(MALAYSIA) GS CALTEX(QINGDAO) CO., LTD.(CHINA) GS E&C INDIA PRIVATE LTD.(INDIA) GS CALTEX(LANGBANG) CO., LTD.(CHINA) GS CU CHI DEVELOPMENT CO. LTD.(VIETNAM) COSMO VIETNAM CO., LTD.(VIETNAM) GS CONSTRUCTION (ARABIA) LTD.(SAUDI ARBIA) GS NHA BE DEVELOPMENT ONE-MEMEBER
LLC.(VIETNAM) GS CALTEX(QINGDAO) ENERGY CO., LTD(CHINA) GS RETAIL VIETNAM CO., LTD.(VIETNAM) COSMO RUS, LLC.(RUSSIA) MK INTERNATIONAL(JAPAN) GS NEOTEK VIETNAM CO., LTD.(VIETNAM) GS SAIGON DEVELOPMENT ONE-MEMBER
LLC(VIETNAM) SLEEP METHODS, INC.(USA) COSMO CHINA INVESTMENT CO., LTD.(CHINA) GS CALTEX(JINAN) ENERGY CO., LTD(CHINA) GS (CAMBODIA) DEVELOPMENT CO.,
LTD.(CAMBODIA) GS GLOBAL BIO CO., LTD.(CAMBODIA) |
|
Affiliates-Overseas |
GS E&C NANJING CO.,LTD. GS NHA BE DEVELOPMENT ONE-MEMBER LLC GS SAIGON DEVELOPMENT ONE-MEMBER LLC GS E&C INDIA PRIVATE LTD. GS (CAMBODIA) DEVELOPMENT CO.,LTD. GS CONSTRUCTION ARABIA CO.,LTD. GS SAUDI CO., LTD. GS E&C POLAND SP.ZO.O GS E&C CONSTRUCTION CANADA LTD. GS E&C PANAMA S.A. GS INIMA ENVIRONMENT S.A. AGUAS DE ENSENADA, S.A. DE C.V. AMBIENT SERVICOS AMBIENTAIS DE RIBEIRAO
PRETO, S.A. AQUARIA WATER LLC ARAUCARIA SANEAMENTO, S.A. DESALINIZADORA ARICA LTDA. OHL MEDIO AMBIENTE, INIMA CHILE LTDA. OHL MEDIO AMBIENTE INIMA MEXICO, S.A. DE
C.V. INIMA USA CONSTRUCTION CORPORATION INIMA USA CORPORATION GS INIMA BRASIL LTDA. PROMOAQUA DESALACION DE LOS CABOS, S.A. DE
C.V. SANEAMENTO DO VALE DO PARIBA, S.A. SERVICOS DE SANEAMENTO DE MOGI MIRIM, S.A. TECNICAS Y GESTION MEDIOAMBIENTAL, S.A. TRACTAMENT METROPOLITA DE FANGS, S.L. CASINIMA - EMPREITADA PONTE DA BAIA,
A.C.E. HIALEAH WATER, LLP |
|
Overseas Office |
ITALY/MILAN OFFICE GS ENGINEERING & CONSTRUCTION ITALY
S.R.L. VIA DELL'UNIONE EUROPEA, 6 20097 SAN DONATO MILANESE TEL:+39-02-518142 IRAN/TEHRAN OFFICE NO. 63, 5TH FLOOR, ZAFAR AVE.(DASTEGERDI),
SHARIATI ST., TEHRAN, IRAN TEL:+98-21-227-2401 UAE/DUBAI OFFICE OFFICE NO. 204, 2ND FLOOR, RAIS HASSAN
SAADI BLDG.,BUR DUBAI, DUBAI, U.A.E TEL:+971-4-351-4115 INDIA/NEW DELHI OFFICE 1ST FLOOR, BUILDING NO.9, D BLOCK LOCAL
SHOPPING CENTER II, POORVI MARG, VASANT VIHAR, NEW DELHI - 100 057, INDIA TEL:+91-11-2614-5552/5021 CHINA/BEIJING OFFICE B1509, EAGLE RUN PLAZA, NO.26 XIAOYUN ROAD,
CHAOYANG DISTRICT, BEIJING CHINA 100016 TEL:+86-10-8458-3062 CHINA/NANJING OFFICE FL.12, HEPING BUILDING, NO.22 BEIJING EAST
ROAD, NANJING, CHINA 210008 TEL:+86-25-8695-9988 VIETNAM/HANOI OFFICE 1ST FLOOR, HANOI CENTRAL BUILDING (MELIA),
44B LY THUONG KIET STREET, HANOI, VIETNAM TEL:+84-4-934-5100/5103 INDONESIA/JAKARTA OFFICE J1 JEND SUDIRMAN KAV.52-53. JAKARTA STOCK
EXCHANGE BUILDING 15TH FLOOR SUITE 1502 TEL:+62-2-515-1844 |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
PARNAS HOTEL CO., LTD.(Ex. HANMOO DEVELOMET
CO., LTD. :110111-0411142) (67.56% held by the subject company) PNS CO., LTD.(110111-4973164) EZVILLE, INC.(110111-1934557) (78% held by the subject company) XI SERVICE(110111-3141720) (100% held by the subject company) G-ESTEC CO., LTD.(110111-3253583) ESTECH ESTIMATE CORP.(110111-3253583) (100% held by the subject company) GLS SERVICE CORP.(110111-3532846) (100% held by the subject company) GCS PLUS(140111-0033487) (100% held by the subject company) GS E&C ITALY S.R.L (100.00% held by the subject company) GS E&C POLAND SP.ZO.O (100.00% held by the subject company) UL. LG 1, BISKUPICE PODGORNE, 55-040 KOBIERZYCE GS CU CHI DEVELOPMENT ONE-MEMBER LLC (100.00% held by the subject company) GS NHA BE DEVELOPMENT ONE-MEMBER LLC (100.00% held by the subject company) GS SAIGON DEVELOPMENT ONE-MEMBER LLC (100.00% held by the subject company) BSM(135511-0187118) GS O&M CO., LTD.(110111-3945338) SANGLAK FOOD CO., LTD.(110111-2637837) GS E&C NANJING CO., LTD. 12TH FLOOR, HEPING BUILDING, NO.22 BEIJING EAST ROAD, NANJING, CHINA GS NHA BE DEVELOPMENT ONE-MEMBER LLC 301 NGUYEN VAN HUONG STREET THAO DIEN WARD, DISTRICT 2 HO CHI MINH
CITY, VIETNAM GS SAIGON DEVELOPMENT ONE-MEMBER LLC 301 NGUYEN VAN HUONG STREET THAO DIEN WARD, DISTRICT 2 HO CHI MINH
CITY, VIETNAM GS ENGINEERING & CONSTRUCTION MUMBAI PRIVATE LIMITED. 2ND FLOOR, MASTERPIECE BLDG. DLF GOLF COURSE ROAD,
SECTOR-54,GURGAON-122002, HARYANA, INDIA |
|
Subsidiary |
GS (CAMBODIA) DEVELOPMENT CO., LTD. 132, STREET SOTHEAROS, SANGKAT TONLE BASSAC, KHAN CHAMKARMON, PHNOM
PENH, CAMBODIA GS CONSTRUCTION ARABIA CO., LTD. KING ABDUL-AZIZ STREET AL-RAJA TOWER 3RD FLOOR AL-KHOBAR SAUDI ARABIA
P.O.BOX: 2920 GS SAUDI CO., LTD. KING ABDUL-AZIZ STREET AL-RAJA TOWER 3RD FLOOR AL-KHOBAR SAUDI ARABIA
P.O.BOX: 2920 GS E&C CONSTRUCTION CANADA LTD. 2900-550 BURRARD STREET VANCOUVER BC, CANADA, V6C OA3 GS PP DEVELOPMENT CO., LTD. NO.132,SOTHEAROS BLVD., TONLE BASAC, KHAN CHAMKARMORN, PHNOM PENH
KINGDOM OF CAMBODIA GS E&C THAI NO.246, TIME SQUARE BUILDING, 12TH FLOOR, ROOM 12-04A, SUKHUMVIT ROAD,
KWAENG KLONGTOEY, BANGKOK GS E&C SPAIN, S.L 13450 WEST SUNRISE, SUITE 200 SUNRISE, FL 33323 SERVICOS DE SANEAMENTO DE MOGI MIRIM, S.A RUA ORLANDO PACINI, 194 - JARDIM BELO - CEP 13.800-382 - MOGI MIRIM –
SP GS INIMA SERVICIOS CORPORATIVOS,S.A. DE C.V. PASEO DE LA REFORMA 222 PISO 23 JUAREZ CUAUHTEMOC DISTRITO FEDERAL
06600 AQUARIA WATER LLC GS EAST ASIA MANILA INC. |
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
KAIST KAWASAKI -Insured Company LIG INSURANCE CO., LTD.(110111-0017859) |
|
Sales/ Unit :100 Mil KRW |
2011 |
2010 |
2009 |
|
Export |
38,110 |
23,657 |
17,181 |
|
Domestic |
47,551 |
53,635 |
53,431 |
|
Others |
4,861 |
6908 |
3,157 |
|
Total |
90,522 |
84,200 |
73,769 |
The subject exports to Asia and Middle East Countries.
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (Million
KRW) |
Status |
|
|
|
Park Soon-Shim |
The Subject & Others(1) |
Confirmation on the right Lotting Position |
- |
2nd Round Proceeding |
|
|
|
Isu Engineering & construction co.,
Ltd.(110111-0202202) |
The Subject |
Compensation for Hangang Xi's Fire
Accident |
100 |
2nd Round Proceeding |
|
|
|
Association
of Residential Representatives |
The Subject & Others(3) |
Stopping Construction of Chungdam Xi |
- |
1st Round Proceeding |
|
|
|
Association
of Residential Representatives |
The Subject & Others(3) |
Compensation for Repairing of Cheonan
Chungsol LG/SK Apt. |
1,029 |
2nd Round Proceeding |
|
|
|
Association
of Residential Representatives |
The Subject & Others(4) |
Compensation for Repairing of Busan Metro
City |
4,525 |
1st Round Proceeding |
|
|
|
Kang Keum-Ryeol |
The Subject & Others(1) |
Claim for Damages of Highway Site between
Daegu-Pohang |
958 |
1st Round Proceeding |
|
|
|
The Subject |
Samsung C&T
Corporation(110111-0002975) |
Claim for Damages of Icheon Logistics
Center's accident |
4,000 |
1st Round Proceeding |
|
|
|
The Subject & Others(3) |
Korea Workers' Compensation & Welfare
Service |
Cancellation on imposed insurance fee |
3,370 |
2nd Round Proceeding |
|
|
|
Turkey GURIS |
The Subject & Tupras |
Claim for Account Receivables of IZMIR
Project |
$12,800,000 |
3rd Round Proceeding |
|
|
|
Prosecutors's Office |
The Subject & Park Chang-Kyu |
Criminal Case of the Violation on the Law
of Industry Safety |
Criminal Case |
3rd Round Proceeding |
|
|
|
Prosecutors's Office |
The Subject & Cho Kyu-Ho |
Criminal Case of Icheon GS Homeshopping Logistics
Center on the Law of Industry Safety |
Criminal Case |
2nd Round Proceeding |
|
|
|
Prosecutors's Office |
The Subject |
Criminal Case of Seoul Subway Line 7 of
the Law on Fair Trade |
Criminal Case |
3rd Round Proceeding |
|
|
|
Lim Kyung-Soo |
The Subject & Others(1) |
Compensation for Shindaerim Xi |
503 |
1st Round Proceeding |
|
|
|
Hong Cheol-Sun |
The Subject & Others(2) |
Provisional disposition for stopping the
construction of Kwonsun Jugong |
Provisional disposition |
1st Round Proceeding |
|
|
|
Ruukki Construction Polska z.0.0 |
The Subject |
Claim for Account Payable from LG Innot다(Poland) |
1,100 |
1st Round Proceeding |
|
|
|
Youngwoo Construction Co., Ltd &
Others(6) |
The Subject & Others(3) |
Claim for Damages of Highway Site between
Ducksan-Yesan |
1,900 |
1st Round Proceeding |
|
|
|
The Subject |
Fair Trade Commission |
Cancellation on the imposed penalty from
Seoul Subway Line 7 |
3,542 |
1st Round Proceeding |
|
|
|
The Subject |
KSCFC |
Claim for Agreement Guarantee for
continuing the construction |
521 |
1st Round Proceeding |
|
|
|
Prosecutors's Office |
The Subject & Others(5) |
Criminal Case of South-East Distribution
Complex Construction of the Violation on the Construction Industry Basic Law |
Criminal Case |
2nd Round Proceeding |
|
|
|
Prosecutors's Office |
Lee Se-Chan |
Criminal Case of South-East Distribution Complex
Construction of the Violation on the Construction Industry Basic Law |
Criminal Case |
2nd Round Proceeding |
|
|
|
Purun City Co., Ltd. |
The Subject |
Claim for Account Receivables on
Shindaerim Xi |
3,800 |
1st Round Proceeding |
|
|
|
Lee Jung-Cheong & Others(275) |
The Subject & Others(1) |
Provisional disposition on Stopping Pungmu
Xi Construction |
- |
1st Round Proceeding |
|
|
|
Song Chang-Woong & Others(14) |
Association including the Subject Company |
Confirmation on Nullifying of the general
meeting for Bomun3 Area |
- |
1st Round Proceeding |
|
|
|
Association
of Residential Representatives |
The Subject & Others(2) |
Claim for Damages of Mario Tower |
500 |
1st Round Proceeding |
|
|
|
Seo Seok-Chil |
The Subject & Others(1) |
Cancellation of Provisional disposition on
stopping the construction between Gachang-Kaknam |
- |
1st Round Proceeding |
There are 52 cases filed as Plaintiff(s)/ Creditor(s)/ Applicant(s) amounting
365,697,000,000 KRW, and 115 cases Defendant(s)/ Debtor(s)/ Respondent(s)
amounting 72,775,000,000 KRW as of 12/31/2014.
--------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.35 |
|
|
1 |
Rs.93.10 |
|
Euro |
1 |
Rs.67.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.