|
Report No. : |
355315 |
|
Report Date : |
16.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
DOOSAN ENGINE CO., LTD. |
|
|
|
|
Registered Office : |
18, Gongdan-ro 21beon-gil, Seongsan-gu, Changwon-si, Gyeongsangnam-do |
|
|
|
|
Country : |
Korea (South) |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
30.12.1999 |
|
|
|
|
Com. Reg. No.: |
609-81-40128 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Internal Combustion Piston Engines. |
|
|
|
|
No. of Employee : |
836 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Korea (South) |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
KOREA (SOUTH) 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. 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 slow growth due to sluggish domestic consumption and investment. 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. In an effort to address the long term challenges and sustain economic growth, the current government has prioritized structural reforms, deregulation, promotion of entrepreneurship and creative industries, and the competitiveness of small and medium enterprises.
|
Source
: CIA |
Basic
|
Company Name |
DOOSAN ENGINE CO., LTD. |
|
Registered
Address |
18, Gongdan-ro 21beon-gil, Seongsan-gu,
Changwon-si, Gyeongsangnam-do, Korea |
|
Building |
|
|
Zip Code |
51561 |
|
Tel |
+82-55-260-6000 |
|
Fax |
+82-55-282-0588 |
|
E-mail |
wookyu.kim@doosan.com;humjin.baek@doosan.com |
|
Website |
www.doosanengine.com |
|
Trading Address |
18, Gongdan-ro 21beon-gil, Seongsan-gu,
Changwon-si, Gyeongsangnam-do, Korea (Old Address System : 69-3, Sinchon-dong,
Changwon-si, Gyeongsangnam-do, Korea) |
|
Tel |
+82-55-260-6000 |
|
Fax |
+82-55-282-0588 |
|
Other Address-Geoje Office |
1, Aju-dong ,Geoje-si, Gyeongsangnam-do,
Korea |
|
Tel |
+82-55-682-2261 |
|
Fax |
+82-55-681-7427 |
|
Other Address-Busan Office |
29, Bongnae-dong
5-ga ,Yeongdo-gu, Busan, Korea |
|
Tel |
+82-51-417-1388 |
|
Fax |
+82-51-410-8621 |
|
Type |
Export |
|
Industry |
Manufacture of Internal Combustion Piston
Engines |
|
Main Business |
Diesel Engine, Diesel Power Generation,
Ocean Plant Materials, Environment Pollution Protection Equipment |
|
Sub Business |
|
|
Established
(mm/dd/yyyy) |
12/30/1999 |
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Engines(26101500) |
|
Sell |
Diesel power plants(26131501) |
|
Sell |
Crankshaft |
|
Sell |
Turbocharger |
|
Name |
Kim Dong-Cheol |
|
Address |
Suite
108-204, 69, Buil-ro, Bupyeong-gu, Incheon, Korea |
|
Date of
Birth |
06/27/1952 |
|
Title |
President
& CEO |
|
Nationality |
Korean |
|
Capital
(KRW) |
69,500,000,000 |
||||||||||||||||||||||||
|
Employees |
836 |
||||||||||||||||||||||||
|
Formation |
Listed Company
(Korea Stock Exchange : 082740) as of
01/05/2011 A Company of
DOOSAN GROUP |
||||||||||||||||||||||||
|
Bank Details |
KEB Hana
Bank-Changwon Branch |
||||||||||||||||||||||||
|
Corporate
Registered No. |
194211-0038423 |
||||||||||||||||||||||||
|
Business
Registered No. |
609-81-40128 |
||||||||||||||||||||||||
|
Permit &
Licenses |
Int’l Trade No.:
24023803 |
||||||||||||||||||||||||
|
Shareholder
Position |
|
||||||||||||||||||||||||
|
Company
History |
The engine business of Doosan Heavy
Industries & Construction (former Hanjung), launched in 1983 and that of
Samsung Heavy Industries, launched in 1994 were merged. In the merging
process, Daewoo Shipbuilding & Marine Engineering joined this new company
as a major shareholder. On January 1, 2000, Doosan Engine was officially set
up under the banner of Doosan with the first initial letters of these three
companies(HSD ENGINE CO., LTD.) 12/30/1999
Incorporated as HSD ENGINE CO., LTD. 03/31/2005 Changed company name to the
present name 11/2005 Awarded US$500 Million Export Top
Prize 11/2007 Awarded 1Billion Export Top Prize 12/29/2009 Increased capital to
62,500,000,000 KRW from 30,000,000,000 KRW 07/30/2010 Increased
the authorized shares to 120,000,000 KRW from 16,000,000 KRW 12/28/2010
Increased capital to 69,500,000,000 KRW from 62,500,000,000 KRW |
||||||||||||||||||||||||
|
|
|
Management
|
Job
Description |
Name |
Nationality |
Date of
Birth |
Inauguration
Date |
|
President & CEO |
Kim Dong-Cheol |
Korean |
06/27/1952 |
03/30/2012 |
|
Sr. Executive Director & CEO |
Kim Il-Do |
Korean |
11/17/1962 |
03/27/2015 |
|
Executive Director |
Cho Yong-Joon |
Korean |
11/26/1963 |
03/27/2015 |
|
Executive Director |
Sunwoo Myung-Hwan |
Korean |
11/07/1955 |
03/28/2014 |
|
Vice President & CFO |
Jang Myung-Ho |
Korean |
02/07/1964 |
03/30/2012 |
|
Outside Director / Auditor |
Oh Se-Jong |
Korean |
06/08/1943 |
03/29/2013 |
|
Outside Director |
Jung Koo-Young |
Korean |
11/12/1938 |
03/29/2013 |
|
Outside Director / Auditor |
Yoon Yong-Seok |
Korean |
10/12/1954 |
03/29/2013 |
|
Outside Director |
Lee Jae-Young |
Korean |
12/25/1965 |
03/29/2013 |
|
Outside Director / Auditor |
Song Ho-Geun |
Korean |
01/04/1956 |
03/28/2014 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
474,522,050,079 |
1,469,076,835,111 |
-42,729,382,410 |
|
|
(*)2014 |
887,764,719,542 |
1,469,042,556,167 |
-31,056,427,706 |
|
(*)2013 |
743,104,362,158 |
1,538,917,384,654 |
-6,151,839,103 |
|
(*)2012 |
1,377,618,958,445 |
1,672,968,308,719 |
54,366,505,061 |
|
(*)2011 |
2,005,949,262,462 |
2,051,480,611,768 |
209,636,479,757 |
|
(*)2010 |
1,831,615,390,618 |
2,229,611,103,972 |
266,059,737,115 |
|
2009 |
1,772,597,107,485 |
2,464,900,272,093 |
-249,695,256,019 |
|
2008 |
1,734,836,578,853 |
3,138,764,982,205 |
-512,779,968,953 |
|
2007 |
1,221,957,444,340 |
1,857,689,988,086 |
103,001,092,083 |
|
2006 |
1,016,816,117,889 |
934,211,090,107 |
52,418,002,030 |
|
2005 |
756,782,214,023 |
737,005,633,136 |
21,111,237,395 |
|
2004 |
588,395,875,988 |
637,788,986,998 |
3,111,534,708 |
|
2003 |
468,249,817,815 |
336,826,737,075 |
11,783,531,830 |
(*)Figures are based on the K-IFRS Accounting System.
|
Authorized
Capital(KRW) |
120,000,000,000 |
|
Paid-Up
Capital(KRW) |
69,500,000,000 |
|
Total Issues
Shares |
69,500,000 |
|
BALANCE SHEET |
|||
|
Unit :
Korean Won |
01/01/2015~09/30/2015 |
As of
12/31/2014 |
As of
12/31/2013 |
|
Total
Assets |
1,469,076,835,111 |
1,469,042,556,167 |
1,538,917,384,654 |
|
Current
Assets |
434,819,713,991 |
432,289,553,017 |
486,070,488,542 |
|
Cash
& Cash Equivalents |
16,021,149,449 |
40,970,489,949 |
41,258,747,154 |
|
Current
Financial Instruments |
19,263,668,551 |
37,810,000,000 |
145,000,000,000 |
|
Marketable
Financial Instruments |
|
7,000,000,000 |
|
|
Short-Term
Receivables |
888,300,000 |
1,100,900,000 |
9,155,850,000 |
|
Trade
Receivables & Other Receivables |
53,486,853,857 |
73,073,305,809 |
25,511,680,236 |
|
Other
Receivables-Construction |
16,138,156,435 |
12,999,974,380 |
10,720,649,184 |
|
Deferred
Income Tax Assets |
792,543,879 |
1,059,722,158 |
1,136,878,000 |
|
Derivatives |
1,181,047,750 |
2,489,829,322 |
40,237,290,875 |
|
Confirmed Agreement Appraisal Assets |
76,481,498,794 |
41,236,094,869 |
20,346,022,821 |
|
Inventories |
238,605,436,360 |
197,396,445,146 |
176,548,148,458 |
|
Other
Current Assets |
11,961,058,916 |
17,152,791,384 |
16,155,221,814 |
|
Non-Current
Assets |
1,034,257,121,120 |
1,036,753,003,150 |
1,052,846,896,112 |
|
Non-Current
Financial Instruments |
6,000,000 |
1,934,858,690 |
1,803,167,918 |
|
Marketable
Financial Instruments |
72,048,000 |
72,048,000 |
7,072,048,000 |
|
Investment_Related
Companies |
363,994,143,560 |
363,994,102,690 |
363,994,102,690 |
|
Long-Term
Receivables |
2,082,639,470 |
3,116,039,530 |
4,753,397,044 |
|
Other
Long-Term Receivables |
9,488,676,657 |
10,701,073,220 |
9,693,320,091 |
|
Tangibles |
575,523,194,606 |
587,007,566,603 |
606,336,556,559 |
|
Intangibles |
50,045,838,147 |
41,679,003,150 |
24,908,539,891 |
|
Derivatives |
1,332,391,996 |
722,321,724 |
6,095,491,976 |
|
Confirmed Agreement Appraisal Assets |
23,686,770,198 |
25,860,296,653 |
26,435,478,337 |
|
Other
Non-Current Assets |
8,025,418,486 |
1,665,692,890 |
1,754,793,606 |
|
Total
Liabilities |
865,726,720,976 |
823,023,434,772 |
858,981,797,869 |
|
Current
Liabilities |
532,933,379,481 |
513,205,062,339 |
527,886,844,781 |
|
Trade
Payables & Other Payables |
119,562,801,691 |
124,770,714,634 |
85,188,695,183 |
|
Other Payables-Construction |
11,423,219,772 |
14,568,457,756 |
3,773,450,411 |
|
Short-Term
Borrowings |
73,267,851,200 |
3,857,092,800 |
|
|
Advance
Receipts |
254,619,239,308 |
271,795,996,146 |
321,968,490,284 |
|
Current
Portion of Long-Term Debts |
|
50,000,000,000 |
63,318,000,000 |
|
Deferred
Income Tax Credit |
|
|
3,822,392,136 |
|
Derivatives |
45,364,312,860 |
14,866,327,518 |
2,615,663,130 |
|
Confirmed Agreement Appraisal Debts |
13,358,191,027 |
14,768,025,920 |
34,731,375,957 |
|
Finance
Guarantee Debts |
39,993,642 |
73,636,042 |
34,344,231 |
|
Provisions |
3,804,946,665 |
1,916,319,087 |
|
|
Other
Current Liabilities |
11,492,823,316 |
16,588,492,436 |
12,434,433,449 |
|
Non-Current
Liabilities |
332,793,341,495 |
309,818,372,433 |
331,094,953,088 |
|
Long-Term
Borrowings |
75,000,000,000 |
45,000,000,000 |
50,000,000,000 |
|
Debentures |
189,426,382,792 |
189,259,736,473 |
189,044,616,891 |
|
Other
Long-Term Borrowings |
8,403,882,407 |
1,918,290,120 |
1,112,640,295 |
|
Confirmed
Salaries |
11,336,005,394 |
11,865,665,028 |
10,608,946,661 |
|
Derivatives |
17,717,188,409 |
7,306,319,851 |
279,647,734 |
|
Confirmed Agreement Appraisal Debts |
4,327,451,575 |
13,108,076,384 |
21,394,738,642 |
|
Finance Guarantee |
4,196,917,949 |
4,581,819,663 |
2,942,780,895 |
|
Provisions |
1,747,758,685 |
1,949,715,661 |
10,097,900,058 |
|
Deferred
Income Tax Credit |
20,637,754,284 |
34,828,749,253 |
45,613,681,912 |
|
Capital
Stock |
69,500,000,000 |
69,500,000,000 |
69,500,000,000 |
|
Capital
Surplus |
367,214,701,425 |
367,214,701,425 |
367,214,701,425 |
|
Others |
610,534,435 |
550,159,285 |
355,389,958 |
|
Other
General Accumulated Amounts |
36,190,732,192 |
36,207,539,902 |
36,207,539,902 |
|
Profit
Surplus |
129,834,146,083 |
172,546,720,783 |
206,657,955,500 |
|
Total
Equity |
603,350,114,135 |
646,019,121,395 |
679,935,586,785 |
|
Liab.
& Shareholder’s Equity |
1,469,076,835,111 |
1,469,042,556,167 |
1,538,917,384,654 |
|
INCOME STATEMENT |
|||
|
Unit :
Korean Won |
01/01/2015~09/30/2015 |
As of
12/31/2014 |
As of
12/31/2013 |
|
Sales |
474,522,050,079 |
887,764,719,542 |
743,104,362,158 |
|
Cost
of Sold Goods |
472,567,547,517 |
886,270,246,080 |
691,062,379,511 |
|
Gross
Profit |
1,954,502,562 |
1,494,473,462 |
52,041,982,647 |
|
Selling
& Admin. Expenses |
46,709,577,807 |
39,904,780,646 |
50,103,470,238 |
|
Operating
Income |
-44,755,075,245 |
-38,410,307,184 |
1,938,512,409 |
|
Finance
Income |
94,949,263,338 |
91,160,334,537 |
100,716,557,461 |
|
Finance
Expenses |
106,229,183,959 |
93,987,658,722 |
104,139,106,746 |
|
Other
Non-Operating Income |
4,485,901,628 |
1,960,947,370 |
4,932,998,497 |
|
Other
Non-Operating Expenses |
5,371,283,141 |
2,688,873,049 |
8,682,574,295 |
|
Income
Before Taxes |
-56,920,377,379 |
-41,965,557,048 |
-5,233,612,674 |
|
Income
Taxes Expenses |
-14,190,994,969 |
-10,909,129,342 |
918,226,429 |
|
Net
Income |
-42,729,382,410 |
-31,056,427,706 |
-6,151,839,103 |
|
CASH FLOWS |
|||
|
Unit :
Korean Won |
01/01/2015~09/30/2015 |
As of
12/31/2014 |
As of
12/31/2013 |
|
Operating
Activities Cash Flows |
-89,531,869,688 |
-82,341,543,086 |
-55,321,566,926 |
|
Cash
Flows from Operating |
-81,455,807,021 |
-74,163,646,496 |
-32,633,243,128 |
|
Net
Income |
-42,729,382,410 |
-31,056,427,706 |
-6,151,839,103 |
|
Adjustment |
20,152,913,114 |
24,071,126,445 |
3,596,792,680 |
|
Changes
in Asset/ & Liability |
-58,879,337,725 |
-67,178,345,235 |
-30,078,196,705 |
|
Interests
Received |
1,472,720,490 |
4,777,756,405 |
6,814,938,658 |
|
Interests
Paid |
-9,816,561,436 |
-10,309,894,777 |
-10,120,201,101 |
|
Dividends
Received |
600,000 |
|
826,620 |
|
Income
Taxes |
267,178,279 |
-2,645,758,218 |
-19,383,887,975 |
|
Cash
Flows from Investing |
15,160,824,978 |
96,461,068,107 |
6,565,877,613 |
|
Cash
Inflow from Investing |
29,696,539,229 |
118,455,575,235 |
30,369,738,965 |
|
Cash
Outflows for Investing |
-14,535,714,251 |
-21,994,507,128 |
-23,803,861,352 |
|
Cash
Flows from Financing |
49,410,758,400 |
-14,460,907,200 |
-4,672,895,145 |
|
Cash
Inflows from Financing |
99,410,758,400 |
48,857,092,800 |
89,421,600,000 |
|
Cash
Outflows from Financing |
-50,000,000,000 |
-63,318,000,000 |
-94,094,495,145 |
|
Increase/Decrease
in Cash |
-24,949,340,500 |
-288,257,205 |
-53,419,794,742 |
|
Cash
at the Beginning of Year |
40,970,489,949 |
41,258,747,154 |
94,678,541,896 |
|
Cash
at the End of Year |
16,021,149,449 |
40,970,489,949 |
41,258,747,154 |
|
Main
Products & Services |
The Subject
Company, an integrated engine manufacturer, is a business enterprise
specializing in producing diesel engine for large vessels, called the heart
of the sea and power generation. Diesel
Engine for Large Vessels Marine
Diesel Engine Diesel Power
Plant |
||||||||
|
Annual
Production Capacity (Unit:
Thousand H/P) |
|
||||||||
|
Technologies
Acquired |
|
|
Suppliers |
DOOSAN MARINE INDUSTRY (DALIAN) CO., LTD. |
|
Customers |
SAMSUNG
HEAVY INDUSTRIES CO.,LTD(110111-0168595) HANJIN HEAVY
INDUSTRIES & CONSTRUCTION CO.,LTD (180111-0602507) DAEWOO
SHIPBUILDING & MARINE ENGINEERING CO., LTD. (110111-2095837) HUDONG-ZHONGHUA ZHEJIANG OUHUA DSIC |
|
Competitors |
HYUNDAI
HEAVY INDUSTRIES CO.,LTD(181211-0000386) STX ENGINE
CO,.LTD(194211-0066763) |
|
Affiliates-Domestic |
DOOSAN CORPORATION(110111-0013774) DOOSAN HEAVY
INDUSTRIES & CONSTRUCTION CO.,LTD(194211-0000943) DOOSAN
INFRACORE CO., LTD.(120111-0234469) (6.03% held by the
subject company) DOOSAN
ENGINE CO., LTD(194211-0038423) DOOSAN
MECATEC CO., LTD.(110111-0126022) N.SHAPER
CO., LTD .(110111-1943574) ORICOM INC(110111-0176986) DOOSAN
DONG-A CO., LTD.(110111-3977117) DOOSAN CO.,
LTD.(110111-0013774) SRS KOREA
CO., LTD.(110111-3139733) DOOSAN FEED
& LIVESTOCK CO., LTD.(110111-3809138) DOOSAN WINE
SALES CO., LTD.(110111-3942582) SAMHWA CROWN
& CLOSURE CO., LTD.(134111-0003462) DOOSAN
MOTTROL CO., LTD.(194211-0000274) DOOSAN
CONSTRUCTION & ENGINEERING CO., LTD.(110111-0194277) NEO TRANS
CO., LTD.(131111-0141801) DOOSAN TOWER
CO., LTD.(110111-1722499) DOOSAN
MOTORS CORP.(110111-3008293) DONG HYUN ENGINEERING
CO., LTD.(110111-0508329) NEOPLUX CO.,
LTD.(110111-1927841) DOOSAN
CAPITAL CO., LTD.(110111-1220336) 19.99% REXCON CO.,
LTD.(110111-3586273) DOOSAN CUVEX
CO., LTD(140111-00325709) DOOSAN BEARS
INC(110111-0346919) DOOSAN
MOTTROL HOLDINGS CO., LTD.(110111-3892505) DIP HOLDINGS CO., LTD.(110111-4103076) DOOSAN INFRACORE BOBCAT KOREA CO.,
LTD.(110111-5650696) DOOSAN HFC ASIA CO., LTD.(180111-0986810) CASCO CO., LTD.(210111-0047938) (16.21% held by the subject company) |
|
Affiliates-Overseas |
DOOSAN MARINE INDUSTRY (DALIAN) CO., LTD.(DMI: CHINA) DAGUSHAN
NANGANG INDUSTRY PARK, DEVELOPMENT ZONE, DALIAN, P.R. CHINA TEL :+86 411
8751 7957 FAX :+86 411 8751 7956 DALIAN SAMYOUNG DOOSAN METAL PRODUCT CO.,
LTD.(DSDM : CHINA) (10.80% held by the subject company) DOOSAN HOLDINGS EUROPE LTD.(DHEL :
IRELAND) (21.73% held by the subject company) DOOSAN INFRACORE INTERNATIONAL, INC.(DII :
USA) (11.59% held by the subject company) |
|
Overseas
Office |
EUROPE
BRANCH HEIDENKAMPSWEG,
100, 8. OG 20097 HAMBURG, GERMANY TEL:+49-40-2533-5656
FAX:+49-40-2533-5661 SINGAPORE
BRANCH 78, SHENTON
WAY, #16-04, SINGAPORE 079120 TEL:+65-6222-5515
FAX:+65-6222-5525 SHANGHAI
BRANCH 828, HUA DU
MANSION 14F 1200M E, ZHANG YANG ROAD, PUDONG, SHANGHAI, CHINA TEL:
22-6875-0876 FAX: 22-6875-0864 DALIAN
HANJUNG-DMD INDUSTRY CO., LTD. (CHINA) |
|
Liaison
Office |
|
|
Overseas
Branch |
|
|
Joint
Venture |
|
|
Subsidiary |
DOOSAN MARINE INDUSTRY (DALIAN) CO., LTD.(CHINA) (100.0% held by the subject company) DOOSAN ENGINE PNG CO., LTD.( DEPNG : PAPUA
NEW GUINEA) (100.0% held by the subject company) |
|
Corporate
Ownership |
DOOSAN CORPORATION(110111-0013774) DOOSAN HEAVY
INDUSTRIES & CONSTRUCTION CO.,LTD(194211-0000943) |
|
Major
Shareholders |
DOOSAN
HEAVY INDUSTRIES & CONSTRUCTION CO.,LTD(194211-0000943) |
|
Cooperative
Enterprise |
-Technical
Support from MAN DIESEL
A/S WARTSILA MAN DIESEL
SE SEMT
PIELSTICK MITSUBISHI HEAVY INDUSTRIES ABB TURBO SYSTEM MAN DIESEL & TURBO FRANCE SAS DAIHATSU DIESEL MFG. -Insured
Company DONGBU INSURANCE CO., LTD.(110111-0095285) MERITZ FIRE & MARINE INSURANCE CO.,
LTD.(110111-0013328) |
|
Sales/ Unit
: Thousand KRW |
09/2015 |
2014 |
2013 |
|
Export |
198,204,050 |
444,591,084 |
279,528,814 |
|
Domestic |
276,318,000 |
443,173,636 |
463,575,548 |
|
Total |
474,522,050 |
887,764,720 |
743,104,362 |
The Subject exports to China and Europe.
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
Seoul Central District Court |
Steamar Transportes Maritimos LDA &
Others(1) |
The Subject Company & Others(1) |
Claim for Compensation form Damages |
USD 125,163 EUR 266,865 |
1st round is proceeding |
|
|
Court in Greece |
GAEI(GUAM ADVANCE ENTERPRISES, INC.) |
The Subject Company |
Related to Chios Diesel Power Plant |
Euro3,059,635 |
1st round is proceeding |
|
|
Changwon District Court, Korea |
Kim Kyung-Ho & Others(59) |
The Subject Company |
Related to Salaries |
396,610,000 |
Proceeding |
|
|
Changwon District Court, Korea |
Lee Sang-Woo & Others(461) |
The Subject Company |
Related to Salaries |
2,310,000,000 |
Proceeding |
|
|
Korean Commercial Arbitration Board |
Busan Jin Tax Service Office |
The Subject Company |
Reimbursement of Advanced Receipts |
424,632,000 |
Proceeding |
-------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.67.04 |
|
|
1 |
Rs.101.67 |
|
Euro |
1 |
Rs.73.93 |
|
KRW |
1 |
Rs.0.057 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.