|
Report No. : |
320589 |
|
Report Date : |
04.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SK NETWORKS CO., LTD. |
|
|
|
|
Registered Office : |
795, Gyeongsu-Daero, Jangan-Gu, Suwon-Si, Gyeonggi-Do |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.09.2014 |
|
|
|
|
Date of Incorporation : |
24.03.1956 |
|
|
|
|
Com. Reg. No.: |
124-81-00718 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Wholesale of Non-Specialized Goods [Note: We tried to confirm/
obtain the detailed activity but the same is not available from any sources] |
|
|
|
|
No. of Employees : |
3,291 |
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 : |
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 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. |
|
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 |
|
|
Website |
|
|
|
|
|
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.
|
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) |
|
Name |
Moon Duck-Kyu |
|
Address |
- |
|
Date of Birth |
04/1952 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
648,653,775,000 |
|||||||||||||||||||||
|
Employees |
3,291 |
|||||||||||||||||||||
|
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) |
|
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 |
|
15,615,972,460,354 |
7,908,495,370,098 |
22,815,214,721 |
|
|
(*)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.
|
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 |
01/01/2014~09/30/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total Assets |
7,908,495,370,098 |
8,168,923,062,095 |
9,822,542,561,050 |
|
Current Assets |
3,521,468,691,377 |
3,802,563,770,575 |
4,315,426,906,655 |
|
Cash & Cash Equivalents |
957,438,704,068 |
1,174,834,873,774 |
989,911,318,640 |
|
Current Financial Instruments |
1,500,000,000 |
18,273,715,956 |
1,500,000,000 |
|
Trade Receivables |
1,239,210,343,074 |
1,303,688,888,906 |
1,808,155,001,601 |
|
Derivatives |
25,170,615,182 |
3,489,885,398 |
28,513,393,822 |
|
Other Finance Assets |
109,743,653,102 |
142,810,354,377 |
254,493,017,095 |
|
Other Current Assets |
99,544,182,691 |
57,733,854,350 |
58,967,976,149 |
|
Inventories |
805,740,966,466 |
806,527,172,918 |
1,157,080,046,348 |
|
Assets to be Sold |
283,120,226,794 |
295,205,024,896 |
16,806,153,000 |
|
Non-Current Assets |
4,387,026,678,721 |
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 |
134,384,086,594 |
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 |
197,057,713,498 |
254,327,770,968 |
246,046,007,745 |
|
Tangibles |
3,123,060,081,774 |
2,999,627,291,541 |
3,243,597,422,220 |
|
Intangibles |
56,860,793,371 |
70,138,354,477 |
73,860,267,350 |
|
Investment_Real Estates |
26,624,195,031 |
13,645,111,236 |
35,520,402,886 |
|
Other Non-Current Assets |
3,211,536,486 |
3,527,628,873 |
9,692,233,747 |
|
Deferred Income Taxes Assets |
|
42,269,975,627 |
|
|
Total Liabilities |
5,507,061,500,966 |
5,732,151,907,224 |
6,815,472,285,429 |
|
Current Liabilities |
4,399,277,923,800 |
4,319,603,285,456 |
5,081,509,128,614 |
|
Trade Payables |
2,533,147,152,053 |
2,688,788,353,867 |
3,100,332,792,277 |
|
Borrowings & Debentures |
1,599,980,133,958 |
1,267,285,347,825 |
1,552,873,025,059 |
|
Derivatives |
9,613,466,075 |
46,997,790,179 |
88,419,120,254 |
|
Other Financial Debts |
159,948,423,448 |
183,188,344,219 |
219,463,331,245 |
|
Accrued Income Tax |
5,653,240,134 |
8,665,193,095 |
35,576,743,130 |
|
Other Current Debts |
90,935,508,132 |
112,452,673,635 |
84,844,116,649 |
|
Non-Current Assets to be Sold |
|
12,225,582,636 |
|
|
Non-Current Liabilities |
1,107,783,577,166 |
1,412,548,621,768 |
1,733,963,156,815 |
|
Borrowings & Debentures |
938,236,610,424 |
1,288,878,669,009 |
1,402,994,192,142 |
|
Derivatives |
|
11,834,633,243 |
8,803,867,282 |
|
Other Financial Debts |
102,857,046,870 |
81,147,297,229 |
75,378,033,861 |
|
Deferred Income Tax Credit |
1,924,547,805 |
|
219,053,930,393 |
|
Confirmed Salaries |
37,886,315,275 |
10,446,107,689 |
16,056,061,515 |
|
Provisions |
25,098,188,606 |
18,354,798,793 |
9,861,338,324 |
|
Other Non-Current Debts |
1,780,868,186 |
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 |
961,611,988,772 |
943,558,761,074 |
1,516,289,914,815 |
|
Others |
3,078,151,828 |
-2,873,376,013 |
-5,305,409,004 |
|
Total Equity |
2,401,433,869,132 |
2,436,771,154,871 |
3,007,070,275,621 |
|
Liab. & Shareholder’s Equity |
7,908,495,370,098 |
8,168,923,062,095 |
9,822,542,561,050 |
|
INCOME STATEMENT |
|||
|
Unit : Korean Won |
01/01/2014~09/30/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
15,615,972,460,354 |
23,739,620,446,948 |
25,511,199,448,837 |
|
Cost of Sold Goods |
14,488,948,811,469 |
22,053,666,612,048 |
23,710,453,097,103 |
|
Gross Profit |
1,127,023,648,885 |
1,685,953,834,900 |
1,800,746,351,734 |
|
Selling & Admin. Expenses |
996,793,111,885 |
1,547,151,486,210 |
1,509,302,063,684 |
|
Operating Income |
130,230,537,000 |
138,802,348,690 |
291,444,288,050 |
|
Other Income |
58,632,894,261 |
128,816,529,005 |
130,402,436,466 |
|
Other Expenses |
91,614,279,048 |
918,871,075,509 |
349,255,612,790 |
|
Finance Income |
172,730,189,554 |
355,791,010,616 |
410,835,561,239 |
|
Finance Expenses |
241,194,946,764 |
446,215,203,049 |
527,608,693,588 |
|
Income Before Taxes |
28,784,395,003 |
-741,676,390,247 |
-44,182,020,623 |
|
Income Taxes Expenses |
5,969,180,282 |
211,050,199,904 |
41,609,805,680 |
|
Net Income |
22,815,214,721 |
-530,626,190,343 |
-85,791,826,303 |
|
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 |
-250,683,408,071 |
507,135,282,853 |
30,732,597,270 |
|
Net Income |
22,815,214,721 |
-530,626,190,343 |
-85,791,826,303 |
|
Adjustment |
220,809,054,102 |
825,620,767,187 |
449,781,522,072 |
|
Changes in Asset/
& Liability |
-433,156,269,698 |
362,481,854,165 |
-210,408,391,014 |
|
Interests Received |
18,130,715,280 |
19,880,676,855 |
27,175,015,946 |
|
Interests Paid |
-59,099,368,229 |
-93,917,919,977 |
-119,611,011,551 |
|
Dividends Received |
189,917,402 |
107,175,636 |
4,397,080,641 |
|
Income Taxes |
-20,372,671,649 |
-76,411,080,670 |
-34,809,792,521 |
|
Cash Flows from
Investing |
82,656,350,267 |
99,502,863,719 |
590,705,655 |
|
Cash Flows from
Financing |
-49,369,111,902 |
-421,714,591,438 |
-137,764,750,512 |
|
Increase/Decrease in
Cash |
-217,396,169,706 |
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 |
957,438,704,068 |
1,174,834,873,774 |
989,911,318,640 |
|
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. |
|
Suppliers |
SK ENERGY CO., LTD.(110111-3710385) |
|
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 |
|
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 |
|
Subsidiary |
SK NETWORKS SERVICE CO., LTD.(135811-0141788) SK NETWORKS RESOURCES AUSTRALIA PTY.
LTD.(AUSTRALIA) POSK (PINGHU) STEEL PROCESSING CENTER CO.,
LTD.(CHINA) SK NETWORKS(SHANGHAI) CO., LTD..(CHINA) SK PINX CO., LTD.(224111-0003760) SKN (CHINA) HOLDINGS CO., LTD .(CHINA) SHENYANG SK BUS TERMINAL CO., LTD .(CHINA) SK NETWORKS HONGKONG LTD.(HONG KONG) LIAONING SK NETWORKS REAL ESTATE
DEVELOPMENT CO., LTD .(CHINA) SK (GUANGZHOU) METAL CO., LTD .(CHINA) SK NETWORKS (XIAMEN) STEEL PROCESSING CENTER CO., LTD..(CHINA) 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/ 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..
There are 5 cases
filed as Plaintiff(s)/ Creditor(s)/ Applicant(s) amounting 1,680,000,000 KRW, 22
cases fled as Defendant(s)/ Debtor(s)/ Respondent(s) amounting 8,016,000,000
KRW.
------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.58 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.