|
Report No. : |
305103 |
|
Report Date : |
24.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
KOLON GLOBAL
CORPORATION |
|
|
|
|
Registered Office : |
11, Kolon-ro, Gwacheon-si, Gyeonggi-do,
Korea (Old Address System : 12th Fl., Kolon Tower, 1-23, Byeoryang-dong,
Gwacheon-si, Gyeonggi-do, Korea) |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.09.2014 |
|
|
|
|
Date of Incorporation : |
28.12.1960 |
|
|
|
|
Com. Reg. No.: |
120-81-50012 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Construction of Highways, Streets and Roads, International Trade
Services |
|
|
|
|
No. of Employee : |
2,421 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
KOLON GLOBAL CORPORATION (Korean Company
Name : “코오롱글로벌(주)”) |
|
Registered Address |
11, Kolon-ro, Gwacheon-si, Gyeonggi-do,
Korea (Old Address System : 12th Fl., Kolon
Tower, 1-23, Byeoryang-dong, Gwacheon-si, Gyeonggi-do, Korea) |
|
Building |
12th Fl., Kolon Tower |
|
Zip Code |
427-709 |
|
Tel |
+82-2-3677-5114 |
|
Fax |
+82-2-3677-5600~1 |
|
E-mail |
kimgho@kolon.com |
|
Website |
www.kolonglobal.com |
|
Trading Address |
Songdo Techno Park IT Center, 32,
Songdogwahak-ro, Yeonsu-gu, Incheon, Korea (Old Address System : Songdo Techno Park
IT Center, 172-1, Songdo-dong, Yeonsu-gu, Incheon, Korea) |
|
Tel |
+82-32-420-9111 |
|
Fax |
+82-32-420-9119 |
|
Other Address-Busan Branch |
36-7, Namcheon-dong, Suyeong-gu, Busan,
Korea |
|
Tel |
+82-51-703-5800 |
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Construction of Highways, Streets and Roads, International Trade
Services |
|
Main Business |
Construction of Highways, Streets and Roads, International Trade
Services, Car Sales & Dealer Services, Sporex Operation Services |
|
Sub
Business |
Apartment Building Construction |
|
Established (mm/dd/yyyy) |
12/28/1960 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Highway or road paving or
surfacing(72131701) |
|
Sell |
General building construction(72130000) |
|
Sell |
Commercial or industrial
construction(72131600) |
|
Sell |
Residential construction(72131500) |
|
Name |
Yoon Chang-Woon |
|
Address |
|
|
Date of Birth |
03/06/1954 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
105,753,005,000 |
|||||||||||||||
|
Employees |
2,421 |
|||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 003070) as of 09/15/1978 A Company of KOLON GROUP |
|||||||||||||||
|
Bank Details |
Woori Bank-Gwacheon Central Branch |
|||||||||||||||
|
Corporate Registered No. |
110111-0036502 |
|||||||||||||||
|
Business Registered No. |
120-81-50012 (Int’l Trading Division : 119-85-35038) |
|||||||||||||||
|
Permit & Licenses |
12/18/2000 ISO 9001 03/09/2001 KT Mark 12/11/2003 KT Mark 12/10/2004 KT Mark 07/05/2012 Q-Mark 12/31/2012 OHSAS18001 Int’l Trade No.: 11280549 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
12/28/1960 Incorporated as HYUPHWA SILUP
CORP. 02/27/1878 Changed company name to KOLON
GENERAL CONSTRUCTION CORP. 02/26/1982 Changed company name to KOLON ENGINEERING
& CONSTRUCTION CORP. 09/01/2000 Acquired KOLON ENGINEERING CO.,
LTD. 12/28/2011 Acquired KOLON I'
NETWORKS CORP.(110111-0712350) and KOLON B&S, Inc.(135311-0015925) 12/30/2011 Changed company name to the present name 04/25/2014 Decreased capital to 105,753,005,000
KRW |
|||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
President & CEO |
Mr. |
Yoon Chang-Woon |
Korean |
1954.03.06 |
Korea University, Korea |
|
Group Chairman |
Mr. |
Lee Woong-Ryeol |
Korean |
1956.04.18 |
George Washington University, USA |
|
Outside Director |
Mr. |
Moon Dong-Seok |
Korean |
1942.11 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Lee Dong-Seol |
Korean |
1957.04 |
Korean Army Academy, Korea |
|
Outside Director |
Mr. |
Cho Dong-Ho |
Korean |
1954.07 |
Youngnam University, Korea |
|
Outside Director |
Mr. |
Choi Ik-Jong |
Korean |
1955.11 |
Chonbuk National University, Korea |
|
Vice President |
Mr. |
Kim Dong-Hyun |
Korean |
1957.03 |
Hanyang University, Korea |
|
Sr. Executive Director |
Mr. |
Kim Dong-Soo |
Korean |
1962.04 |
Seoul National University, Korea |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)09/2014 |
2,087,642,271,331 |
2,180,570,414,590 |
-33,991,425,631 |
|
(*)2013 |
3,660,114,279,601 |
2,269,049,095,302 |
-27,195,491,235 |
|
(*)2012 |
1,450,229,823,563 |
2,566,710,520,352 |
4,379,348,655 |
|
2011 |
1,450,229,823,563 |
2,566,710,520,352 |
4,379,348,655 |
|
2010 |
1,120,232,491,606 |
1,778,647,331,991 |
-67,725,238,920 |
(*)Figures are based on the K-IFRS Accounting
System.
|
Authorized Capital(KRW) |
1,000,000,000,000 |
|
Paid-Up Capital(KRW) |
105,753,005,000 |
|
Total Issued Shares |
21,137,277 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
01/01/2014~09/30/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total
Assets |
2,180,570,414,590 |
2,269,049,095,302 |
2,566,710,520,352 |
|
Current Assets |
1,204,338,417,559 |
1,306,005,972,663 |
1,921,797,210,578 |
|
Cash
& Cash Equivalents |
88,429,814,581 |
91,367,241,909 |
122,394,830,201 |
|
Inventories |
152,174,421,949 |
137,853,410,103 |
242,983,581,698 |
|
Trade
Receivables & Other Receivables |
564,093,850,793 |
682,270,212,729 |
1,031,936,223,230 |
|
Other Receivables-Construction |
217,370,710,317 |
210,249,336,372 |
308,029,668,436 |
|
Current
Financial Instruments |
38,823,806,863 |
55,630,266,208 |
57,037,259,048 |
|
Current
Non-Financial Instruments |
143,445,813,056 |
128,635,505,342 |
159,415,647,965 |
|
Non-Current Assets |
976,231,997,031 |
963,043,122,639 |
644,913,309,774 |
|
Tangibles |
512,143,807,308 |
489,342,335,655 |
184,946,451,224 |
|
Long-Term
Trade Receivables & Other Receivables |
89,676,000,395 |
87,567,292,615 |
81,698,508,301 |
|
Investment_Real
Estates |
7,363,818,504 |
8,529,383,760 |
30,073,818,032 |
|
Intangibles |
109,627,612,164 |
110,981,475,345 |
91,688,126,030 |
|
Deferred
Income Tax Assets |
92,208,256,381 |
87,884,315,345 |
57,880,951,909 |
|
Non-Current
Financial Instruments |
101,558,848,641 |
116,160,106,281 |
109,896,104,683 |
|
Investment_Subsidiaries |
28,395,326,138 |
28,395,326,138 |
29,912,445,349 |
|
Investment_Related
Companies |
35,258,327,500 |
34,182,887,500 |
58,816,904,246 |
|
Total Liabilities |
1,728,287,061,489 |
1,879,902,331,410 |
2,085,856,840,800 |
|
Current Liabilities |
1,477,848,750,824 |
1,349,641,921,585 |
1,840,321,228,175 |
|
Trade
Payables & Other Payables |
466,356,721,017 |
568,180,515,717 |
739,041,742,586 |
|
Short-Term
Borrowings |
783,935,945,311 |
543,939,474,421 |
883,378,783,554 |
|
Current
Portion of Long-Term Debts |
|
|
38,829,470,720 |
|
Other Payables-Construction |
48,255,182,273 |
65,807,036,248 |
3,166,142,719 |
|
Accrued
Income Tax |
12,166,717 |
21,552,972,437 |
5,768,492,594 |
|
Other
Current Financial Debts |
3,058,009,997 |
9,063,833,409 |
11,428,939,741 |
|
Other
Current No-Financial Debts |
176,230,725,509 |
141,098,089,353 |
158,707,656,261 |
|
Non-Current Liabilities |
250,438,310,665 |
530,260,409,825 |
245,535,612,625 |
|
Non-Current Provisions |
50,118,830,634 |
45,132,327,048 |
31,467,045,058 |
|
Long-Term
Trade Payables & Other Payables |
28,965,669,050 |
74,035,705,379 |
30,552,930,746 |
|
Long-Term
Borrowings |
113,075,125,491 |
363,984,373,100 |
132,127,759,442 |
|
Provision
for Severance & Retirement |
54,260,602,607 |
41,201,350,529 |
42,726,981,195 |
|
Other
Non-Current Financial Debts |
4,018,082,883 |
5,906,653,769 |
8,660,896,184 |
|
Capital Stock |
105,753,005,000 |
418,849,455,000 |
418,810,305,000 |
|
Profit
Surplus |
-66,919,172,902 |
-62,459,299,254 |
54,480,945,380 |
|
Others |
5,329,669,002 |
4,607,366,826 |
8,888,712,777 |
|
Capital
Surplus |
408,119,852,001 |
28,149,241,320 |
-1,326,283,605 |
|
Total
Equity |
452,283,353,101 |
389,146,763,892 |
480,853,679,552 |
|
Liab.
& Shareholder’s Equity |
2,180,570,414,590 |
2,269,049,095,302 |
2,566,710,520,352 |
|
Income Statement |
|||
|
Unit : Korean Won |
01/01/2014~09/30/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
2,087,642,271,331 |
3,660,114,279,601 |
1,450,229,823,563 |
|
Cost
of Sold Goods |
1,913,500,091,844 |
3,357,251,238,715 |
1,296,572,062,601 |
|
Gross
Profit |
174,142,179,487 |
302,863,040,886 |
153,657,760,962 |
|
Selling
& Admin. Expenses |
158,159,178,096 |
321,328,216,283 |
174,377,073,278 |
|
Operating
Income |
15,983,001,391 |
-18,465,175,397 |
-20,719,312,316 |
|
Other
Income |
32,271,265,305 |
73,671,534,961 |
123,845,680,600 |
|
Other
Expenses |
49,755,922,912 |
38,051,343,420 |
34,463,705,958 |
|
Finance
Income |
6,357,485,887 |
15,801,774,437 |
6,409,270,629 |
|
Finance
Expenses |
43,354,601,514 |
74,166,465,960 |
66,772,312,070 |
|
Income
Before Taxes |
-38,498,771,843 |
-41,209,675,379 |
8,299,620,885 |
|
Income
Taxes Expenses |
-4,507,346,212 |
-14,014,184,144 |
3,920,272,230 |
|
Income
from Continuous Business |
-33,991,425,631 |
|
|
|
Income
from Stopped Business |
|
|
|
|
Net
Income |
-33,991,425,631 |
-27,195,491,235 |
4,379,348,655 |
|
Cash Flows |
|||
|
Unit : Korean Won |
01/01/2014~09/30/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Operating Activities Cash Flows |
-98,977,193,576 |
33,180,125,490 |
64,826,496,900 |
|
Net
Income |
-33,991,425,631 |
-27,195,491,235 |
4,379,348,655 |
|
Adjustment |
-8,949,648,448 |
132,851,980,060 |
116,133,880,975 |
|
Interests
Received |
6,564,437,579 |
5,532,114,651 |
5,935,024,067 |
|
Interests
Paid |
-41,752,784,503 |
-71,293,205,455 |
-61,210,654,821 |
|
Dividends
Received |
740,231,042 |
917,389,700 |
219,645,400 |
|
Income
Taxes |
-21,588,003,615 |
-7,632,662,231 |
-630,747,376 |
|
Cash
Flows from Investing |
13,696,794,169 |
-14,790,468,683 |
141,785,968,470 |
|
Cash
Flows from Financing |
82,507,550,463 |
-38,541,893,436 |
-141,645,035,195 |
|
Increase/Decrease
in Cash |
-2,937,427,328 |
-20,423,916,398 |
64,967,430,175 |
|
Cash
at the Beginning of Year |
91,367,241,909 |
122,394,830,201 |
57,427,400,026 |
|
Cash
at the End of Year |
88,429,814,581 |
101,970,913,803 |
122,394,830,201 |
|
Main Products & Services |
Construction of Highways, Streets and Roads, International Trade
Services, Car Sales & Dealer Services, Sporex Operation Services |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
BMW KOREA CO., LTD. |
|
Customers |
|
|
Competitors |
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 GS ENGINEERING & CONSTRUCTION
CORP(110111-0002694) GS YEOKJEON BLDG., 537, NAMDAEMUNNO 5-GA,
JUNG-GU, SEOUL, KOREA TEL:+82-2-728-1112~4 FAX:+82-2-728-1203 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 |
KOLON INDUSTRIES, INC.(135311-0013606) KOLON PHARMACEUTICAL CO.,
LTD.(110111-0256259) KOLON CORPORATION(110111-0030528) KTP INDUSTRIES
INC.(171311-0003504) KOLON GLOTECH INC.
(110111-0524838) KOLON FASHION CORPORATION(110111-2127292) NEOVIEWKOLON CO., LTD
(134211-0040660) KF&T INDUSTRIES
INC.(230111-0091824) KOLON LIFE SCIENCE CO.,
LTD.(110111-1948277) CELLVIC DEVELOPMENT
CORPORATION(131111-0031292) CRYOTECH CO.,
LTD.(191211-0010226) KOLON FASHION MATERIAL INC.(135311-0011139) KOLON EVERAY CO.,
LTD.(176011-0054417) FNC KOLON CORP.(110111-0003973) CAMBRIDGE MEMBERS CO.,
LTD.(134111-0000517) KOLONWELLCARE CO.,
LTD.(110111-2930299) SWEET MEAL CO.,
LTD.(110111-2925604) SURPLUS GLOBAL,
INC.(110111-1921140) KOLON MOTORS CO.,
LTD.(131111-0209708) KOLON ENGINEERING &
CONSTRUCTION CO., LTD.(110111-0036502) KOLON CONSTRUCTION &
CONSULTING CO., LTD.(170111-0230756) I PACIFIC PARTNERS
INC.(110111-1902786) KOLON I' NETWORKS
CORP.(110111-0712350) DEOK PYEONG LAND CO., LTD.(134411-0024149) KOLON ENVIRONMENTAL SERVICE CO.,
LTD.(135311-0005893) GREEN NARAE INC(161511-0078133) KESCO LANDSCAPE CO.,
LTD.(135311-0009572) KOLON BENIT CO.,
LTD.(135311-0003920) MAUNA OCEAN DEVELOPMENT CO.,
LTD.(171211-0045128) EFMC (ENVIRONMENTAL FACILITIES
MANAGEMENT CORPORATION 110111-1458739 ) ENVY SYSTEM INC.(110111-1028798) GREEN HWASUN INC.(160111-0199459) GREEN GYEONGSAN
INC.(160111-0203622) GREEN SUNCHANG
INC.(160111-0134942) ON ORGANICNANO ELECTROIC SYSEMS
INC.(200111-0255228) KOREA EPLATFORM CO., LTD.(110111-2008921) |
|
Affiliates-Overseas |
PT. KOLON INA KOLON USA INC. TISSUEGENE INC. QINGDAO KOLON GLOTECH INC. KOLON NANJING CO., LTD. ZHANGJIAGANG KOLON GLOTECH INC. PT. KOLON LANGGENG BEIJING KOLON GLOTECH, INC. KOLON GP CHEMICAL (SUZHOU) CO., LTD. KOLON INT'L(H.K) LTD. KOLON IMPERIAL GRAPHICS PLC. IMPERIAL GRAPHICS GROUP SERVICES LTD. IMPERIAL GRAPHICS PRODUCTS LTD. KOLON(U.K) LTD. BEIJING MI JO DESIGN CO., LTD. KOLON GLOTECH U.S.A. CORP. FNC KOLON SHANGHAI CORP. FNC KOLON USA CORP. |
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
KOLON CONSTRUCTION & CONSULTING CO., LTD.( 170111-0230756) DEOK PYEONG LAND CO., LTD.(134411-0024149) CRYOTECH CO., LTD.(191211-0010226) G-VALLEY BIZ PLAZA AMC., LTD.(110111-4588088) KOREA E-PLATFORM CO., LTD.(110111-2008921) YANTAI CHUNGJUNG TRADE CO., LTD.(연태청정상무유한공사: CHINA) 1313 NO.28 CHANGJIANG RD, YANTAI ETDZ, 264006, P.R. CHINA SOZHOU GARYUNG AEMAE NAKSANG CO., LTD.(CHINA: 소주가륭애매낙상무유한공사) 2102 ROOM SOVEREIGN BUILDING, #8 SUHUA ROAD SUZHOU INDUSTRIAL PARK,
JIANGSU, 215021, P.R.CHINA |
|
Corporate Ownership |
|
|
Major Shareholders |
KOLON CORPORATION(110111-0030528) |
|
Cooperative Enterprise |
|
Not Available.
There are 14 cases
filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting 66,543,000,000 KRW and
10 cases filed as Plaintiff(s)/
Creditor(s)/ Applicant(s) amounting 73,137,000,000 KRW.
-----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.50 |
|
|
1 |
Rs.92.16 |
|
Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.