|
Report No. : |
323763 |
|
Report Date : |
20.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
DAEWOO INTERNATIONAL CORPORATION |
|
|
|
|
Registered Office : |
9~21 Fl., NEAT Tower, 165, Convensia-daero, Yeonsu-gu, Incheon 100-753 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
27.12.2000 |
|
|
|
|
Com. Reg. No.: |
104-81-58195 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Wholesale of Non-Specialized Goods. |
|
|
|
|
No of Employees : |
1,243 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
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 Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
Basic
|
Company Name |
DAEWOO INTERNATIONAL CORPORATION (Trade Name : DWIC) (Korean Company Name : “(주)대우인터내셔널”) |
|
Registered Address |
165, Convensia-daero, Yeonsu-gu, Incheon, Korea |
|
Building |
9~21
Fl., NEAT Tower |
|
Zip Code |
100-753 |
|
Tel |
+82-2-759-2114 |
|
Fax |
+82-2-753-9489 |
|
E-mail |
webmaster@daewoo.com;jekwak@daewoo.com;jspark6@daewoo.com; wikim@daewoo.com |
|
Website |
www.daewoo.com |
|
Trading
Address |
9~21 Fl., NEAT Tower, 165,
Convensia-daero, Yeonsu-gu, Incheon, Korea (Old Address System : 9~21 Fl., NEAT Tower, 6-10, Songdo-dong,
Yeonsu-gu, Incheon, Korea) |
|
Tel |
+82-2-759-2114 |
|
Fax |
+82-2-753-9489 |
|
Other
Address-Busan Factory |
1746-1, Songjeong-dong, Gangseo-gu, Busan, Korea |
|
Tel |
+82-51-960-3114 |
|
Fax |
+82-51-988-2614 |
|
Other
Address-Daewoo Dept. Store |
28,
Sinpodong 2-ga, Masan-si, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-240-5000 |
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Wholesale
of Non-Specialized Goods |
|
Main Business |
Cold
Rolled Product, Auto-Component, Impassioned Performance Product, Synthetic
Resin |
|
Sub
Business |
Sale
of Motor Vehicle Upholstery, Parts and Accessories |
|
Established (mm/dd/yyyy) |
12/27/2000 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Vocational
training(86100000) |
|
Sell |
Steel
plate(30102204) |
|
Sell |
Steel(11101704) |
|
Sell |
Chemicals
including Bio Chemicals and Gas Materials(12000000) |
|
Sell |
Fibers(11151500) |
|
Sell |
Distribution(80141700) |
|
Sell |
Transportation
components and systems(25170000) |
|
Sell |
Structural
materials and basic shapes(30100000) |
|
Sell |
Base
Metals(11101700) |
|
Sell |
Industrial
process machinery and equipment and supplies(23150000) |
CEO’s
|
Name |
Jeon Byung-Il |
|
Address |
|
|
Date of Birth |
03/01/1955 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
569,381,455,000 |
|||||||||||||||
|
Employees |
1,243 |
|||||||||||||||
|
Formation |
Listed Company (Koreas Stock Exchange :
047050) as of 03/23/2001 A Company of POSCO Group |
|||||||||||||||
|
Bank Details |
Woori Bank-Corporate Finance HQ Korea Development Bank Kyungnam Bank Korea Exchange Bank |
|||||||||||||||
|
Corporate Registered No. |
110111-2137358 |
|||||||||||||||
|
Business Registered No. |
104-81-58195 |
|||||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 672861 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
03/ 22/1967 Incorporated as Daewoo
Industrial Co., Ltd 01/01/1982 Merged with Daewoo Development Co.,
Ltd; changed name to Daewoo Corporation 12/ 27/2000 DAEWOO INTERNATIONAL
CORPORATION established as a result of spin-off plan of DAEWOO CORPORATION 03/ 23/2001 Listed at KSE again 11/ 15/2002 Granted Preliminary Graduation
of Work-Out 12/ 30/2003 Completed the Work-Out Program 04/13/2004 Increased capital to 474,943,880,000 KRW from 473,146,840,000 KRW 01/15/2007 Established DAEWOO STC VINA
LTD., in Vietnam 02/26/2007 Secured the developing right on
Myanmar’ Ocean AD-7 Zone 06/27/2007 Awarded Shareholders’ Value
Award 05/19/2008 Moved to the present HQ address
from Daewoo Center Bldg., 541, Namdaemunno 5-ga, Jung-gu, Seoul, Korea 05/14/2010 POSCO(174611-0000741) has been designated as a preferable
negotiating Partner for M&A on the Subject Company by KOREA ASSET MANAGEMENT
CORPORATION(KAMCO : 114671-0023169). 09/20/2010 Acquired 68,681,566
shares(68.2%) by POSCO 11/01/2010 Joined as an affiliated company of POSCO GROUP 01/26/2015 Moved to the present HQ address from 10, Tongil-ro, Jung-gu,
Seoul, Korea (Old Address System : 13th Fl., Yonsei Severance Bldg., 84-11,
Namdaemunno 5-ga, Jung-gu, Seoul, Korea (C.P.O. Box 2810)) |
|||||||||||||||
|
|
|
Corporation, Daewoo
Engineering and Construction Co., Ltd., and Daewoo Corporation on Dec. 27, 2000,
Daewoo International Corporation was renewed as the corporation to deal
exclusively with the trade business.
As of 03/15/2000,
the subject has signed the agreement on Workout with the association of
Financial institutes creditors. At 12/30/2003 the subject has been decided the
completion of Workout procedure.
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
President
& CEO |
Mr. |
Jeon
Byung-Il |
Korean |
1955.03.01 |
Seoul
National University, Korea |
|
Director |
Mr. |
Choi
Jung-Woo |
Korean |
1957.04 |
Busan
National University, Korea |
|
Director |
Mr. |
Jang
In-Hwan |
Korean |
1955.01 |
Korea
University, Korea |
|
Outside Director/Auditor |
Mr. |
Yoon Je-Cheol |
Korean |
1947.12.28 |
Seoul National University, Korea |
|
Outside Director/Auditor |
Mr. |
You
Chang-Moo |
Korean |
1950.10 |
Brunel
University, UK |
|
Outside
Director/Auditor |
Mr. |
Shin
Jae-Hyun |
Korean |
1946.12.13 |
Seoul
National University, Korea |
|
Outside
Director/Auditor |
Mr. |
Kim
Young-Gerl |
Korean |
1960.07.31 |
Seoul
National University, Korea |
|
Outside
Director/Auditor |
Mr. |
Choi
Do-Sung |
Korean |
- |
- |
|
Outside
Director/Auditor |
Mr. |
Song
Byung-Joon |
Korean |
- |
- |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)2014 |
19,938,097,326,000 |
8,631,128,655,000 |
173,421,149,000 |
|
(*)2013 |
16,601,357,664,000 |
7,739,676,359,000 |
132,540,678,000 |
|
(*)2012 |
16,760,371,965,000 |
6,989,139,520,000 |
306,041,024,000 |
|
(*)2011 |
18,489,192,354,000 |
7,823,738,433,000 |
160,087,808,000 |
|
(*)2010 |
15,664,736,502,000 |
6,247,274,381,000 |
2,207,449,000 |
|
2009 |
11,147,952,355,000 |
3,885,176,244,000 |
124,614,287,000 |
|
2008 |
11,045,767,821,000 |
2,675,256,912,000 |
88,001,342,000 |
|
2007 |
7,816,148,768,000 |
2,164,056,142,000 |
101,990,515,000 |
|
2006 |
6,383,614,771,000 |
1,928,794,170,000 |
112,807,879,000 |
|
2005 |
5,144,532,095,000 |
1,705,368,957,000 |
172,301,572,000 |
|
2004 |
5,017,210,407,000 |
1,622,774,223,000 |
114,053,022,000 |
(*)Figures are based on the K-IFRS Accounting System.
Financial
Description
|
Authorized Capital(KRW) |
2,500,000,000,000 |
|
Paid-Up Capital(KRW) |
569,381,455,000 |
|
Total Issues Shares |
113,876,291 |
Balance Sheet
|
|||
|
Unit : Thousand Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total Assets |
8,631,128,655 |
7,739,676,359 |
6,989,139,520 |
|
Current Assets |
5,027,978,779 |
4,153,600,136 |
3,967,669,104 |
|
Cash & Cash
Equivalents |
86,938,309 |
73,731,625 |
196,540,551 |
|
Trade Receivables
& Other Receivables |
4,195,547,145 |
3,545,168,436 |
3,209,963,288 |
|
Other Current
Financial Instruments |
10,931,355 |
23,305,542 |
26,881,207 |
|
Derivatives |
73,597,653 |
24,388,330 |
50,708,467 |
|
Other Current Assets |
75,555,995 |
77,464,078 |
100,568,424 |
|
Inventories |
482,492,999 |
409,542,125 |
383,007,167 |
|
Non-Current Assets to
be Sold |
102,915,323 |
- |
|
|
Non-Current Assets |
3,603,149,876 |
3,586,076,223 |
3,021,470,416 |
|
Long-Term Trade
Receivables & Other Receivables |
595,069,744 |
504,717,416 |
447,320,397 |
|
Other Non-Current
Financial Instruments |
99,843,359 |
323,232,143 |
249,975,299 |
|
Investment_Related
Companies |
745,138,996 |
701,533,933 |
624,311,748 |
|
Tangibles |
308,664,529 |
394,807,320 |
362,921,262 |
|
Intangibles |
1,605,278,784 |
1,527,354,524 |
1,252,423,933 |
|
Investment_Real
Estates |
166,742,455 |
45,725,923 |
25,324,637 |
|
Deferred Income Tax
Assets |
75,281,910 |
88,704,964 |
|
|
Deferred Income Tax |
7,130,099 |
- |
59,193,140 |
|
Total Liabilities |
6,287,211,613 |
5,524,030,121 |
4,866,241,996 |
|
Current Liabilities |
4,879,199,100 |
4,086,892,017 |
3,494,434,855 |
|
Trade Payables &
Other Payables |
1,501,947,380 |
1,711,544,393 |
1,196,115,129 |
|
Short-Term Borrowings |
2,848,716,793 |
1,994,328,289 |
1,903,315,522 |
|
Current Portion of
Debenture |
303,733,150 |
210,476,368 |
- |
|
Derivatives |
61,297,691 |
34,500,229 |
54,260,781 |
|
Other Current Liabilities |
97,456,193 |
102,826,239 |
95,127,292 |
|
Deferred Income Tax
Credit |
42,032,570 |
33,216,499 |
245,616,131 |
|
Liabilities to be
Sold |
24,015,323 |
- |
|
|
Non-Current
Liabilities |
1,408,012,513 |
1,437,138,104 |
1,371,807,141 |
|
Long-Term Trade
Payables & Other Payables |
12,084,014 |
22,378,162 |
15,546,591 |
|
Long-Term Borrowings |
419,508,874 |
557,887,813 |
568,496,763 |
|
Debentures |
897,913,045 |
802,181,428 |
718,534,932 |
|
Other Non-Current
Debts |
3,593,136 |
3,593,136 |
19,940,459 |
|
Provision for
Severance & Retirement |
20,501,323 |
16,332,579 |
14,004,671 |
|
Provisions |
54,412,121 |
34,764,986 |
35,283,725 |
|
Capital Stock |
569,381,455 |
569,381,455 |
569,381,455 |
|
Capital Surplus |
333,160,807 |
333,160,807 |
333,160,807 |
|
Others |
24,518,075 |
29,136,160 |
29,947,011 |
|
Profit Surplus |
1,416,856,705 |
1,283,967,816 |
1,190,408,251 |
|
Total Equity |
2,343,917,042 |
2,215,646,238 |
2,122,897,524 |
|
Liab. &
Shareholder’s Equity |
8,631,128,655 |
7,739,676,359 |
6,989,139,520 |
Income Statement
|
|||
|
Unit : Thousand Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
19,938,097,326 |
16,601,357,664 |
16,760,371,965 |
|
Cost of Sold Goods |
18,859,584,669 |
15,802,378,599 |
15,945,974,644 |
|
Gross Profit |
1,078,512,657 |
798,979,065 |
814,397,321 |
|
Selling & Admin.
Expenses |
731,606,178 |
659,949,406 |
685,573,644 |
|
Operating Income |
346,906,479 |
139,029,659 |
128,823,677 |
|
Finance Income |
1,192,347,539 |
892,903,873 |
1,357,099,624 |
|
Finance Expenses |
1,213,286,391 |
857,673,859 |
1,038,080,227 |
|
Other Non-Operating
Income |
21,756,909 |
10,821,631 |
74,935,553 |
|
Other Non-Operating
Expenses |
72,481,763 |
15,821,654 |
63,783,779 |
|
Income Before Taxes |
275,242,773 |
169,259,650 |
458,994,848 |
|
Income Taxes Expenses |
101,821,624 |
21,313,065 |
162,517,695 |
|
Income from
Continuous Business |
173,421,149 |
147,946,585 |
296,477,153 |
|
Income from Stopped
Business |
- |
-15,405,907 |
9,563,871 |
|
Net Income |
173,421,149 |
132,540,678 |
306,041,024 |
Cash Flows
|
|||
|
Unit : Thousand Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Operating Activities Cash Flows |
-377,184,538 |
-170,795,791 |
640,152,076 |
|
Cash Flows from Operating |
-273,478,867 |
118,228,170 |
684,169,148 |
|
Net Income |
173,421,149 |
132,540,678 |
306,041,024 |
|
Adjustment |
231,012,423 |
48,972,746 |
-81,755,857 |
|
Changes in Asset/ & Liability |
-677,912,439 |
-63,285,254 |
459,883,981 |
|
Interests Received |
25,666,589 |
8,387,950 |
48,735,327 |
|
Dividends Received |
24,424,004 |
28,357,796 |
53,099,216 |
|
Interests Paid |
-70,765,239 |
-69,260,840 |
-144,700,044 |
|
Income Taxes |
-83,031,025 |
-256,508,867 |
-1,151,571 |
|
Cash Flows from
Investing |
-422,229,525 |
-311,454,119 |
667,944,376 |
|
Cash Flows from
Financing |
818,935,352 |
359,729,953 |
-1,385,743,486 |
|
Increase/Decrease in
Cash |
19,521,289 |
-122,519,957 |
-77,647,034 |
|
Cash at the Beginning
of Year |
73,731,625 |
196,540,551 |
274,375,106 |
|
Cash at the End of
Year |
93,136,484 |
73,731,625 |
196,540,551 |
|
Main Products & Services |
Steel, Metal, Chemical, Automotive and Component,
Machinery, Media and Electronics, Textiles, Commodity and Energy International trading, resource development
in foreign countries, domestic and international investments in business,
foreign projects, support of small and medium sized companies |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
TSM TECH CO., LTD. 4BA-505-1, SIHWA INDUSTRIAL COMPLEX, 748-6,
SEONGGOK-DONG, DANWON-GU, ANSAN-SI, GYEONGGI-DO 425-110 KOREA TEL: 82-31-432-5511 FAX: 82-31-432-0412 INDUSTRY: MANUFACTURE OF ALL OTHER SPECIAL
PURPOSE MACHINERY, N.E.C. DONG HWA CO., LTD. 584-1, GAJWA 1-DONG, SEO-GU, INCHEON
404-812 KOREA TEL: 82-32-870-1500 FAX: 82-32-867-2238 INDUSTRY: MANUFACTURE OF OTHER PARTS AND
ACCESSORIES FOR MOTOR VEHICLES SSANGYONG MOTOR CO.,LTD.(110111-0035132) 150-3, CHILGOE-DONG, PYEONGTAEK-SI,
GYEONGGI-DO, KOREA TEL:+82-31-610-1114 FAX:+82-31-610-3700 INDUSTRY: MANUFACTURE OF PASSENGER MOTOR
VEHICLES |
|
Customers |
Payment: In case of exporting, mostly it is
paid by D/A, D/P and USANCE base with Export Insurance coverage. |
|
Competitors |
SK NETWORKS CO., LTD.(130111-0005199) HYOSUNG CORPORATION(110111-0030497) LG INTERNATIONAL CORPORATION(110111-0004632) SAMSUNG C&T CORPORATION(110111-0002975) HYUNDAI CORPORATION(110111-0205850) SSANGYON CORPORATION(110111-0031479) |
|
Affiliates |
POSCO(174611-0000741) POSCO COATED & COLOR STEEL CO.,
LTD.(174611-0006492) POSCO ENGINEERING & CONSTRUCTION CO.,
LTD.(174611-0002979) POSDATA CO., LTD.(110111-0658637) POSCO REFRACTORIES & ENVIRONMENT CO.,
LTD.(174611-0001947) SAMJUNG PACKING AND ALUMINUM CO.,
LTD.(174611-0000866) POS-A.C. CO., LTD.(174611-0003448) POSCO ENGINEERING & CONSTRUCTION CO.,
LTD.(174611-0002979) POSCO RESEARCH INSTITUTE(110111-1042350) POSCO CHEMTECH CO., LTD.(174611-0001947) POSTEEL(110111-0344591) POSCO SPECIALTY STEEL CO., LTD.
(194211-0025248) POSMEC(POSCO MACHINERY & ENGINEERING CO.,
LTD.)(174611-0012176) POSCO TERMINAL CO., LTD.(204611-0017575) POSTECH VENTURE CAPITAL COOPERATION
(174611-0029080) POSMATE CO., LTD.(110111-0739841) POSCO POWER CORPORATION(110111-1829576) SNNC CO., LTD.(204611-0023415) PHP CO., LTD.(120111-0421545) POSBRO(110111-3528986) SUWON GREEN ENVIRONMENT
CORPORATION(134811-0133794) POSCORE CO., LTD.(134811-0003343) RIZTECH BIZ CO., LTD. POSWITH CO., LTD.(171711-0075927) P&R CO., LTD. UITRANS CO., LTD.(110111-3792309) BASYS INDUSTRY CO. LTD.(110111-0954647) UNIVERSAL STUDIOS RESORT DEVELOPMENT
CORPORATION(134811-0167222) METAPOLIS CO., LTD.(134811-0094475) SEOUNG GWANG CO., LTD.(120111-0222844) CHEONGNA IBT CO., LTD.(120111-0454520) POHANG FEUL CELL CO., LTD.(171711-0076256) MEGA ASSET CO., LTD.(161511-0097480) DAEWOOENGINEERING COMPANY CO.,
LTD.(110111-0203268) POS ECO HOUSING CO., LTD.( 171711-0085893) DAKOS CO., LTD.(131111-0246297) MAPO HYBROAD PARKING CO., LTD.(110111-4250140) GWANGYANG FSC CO., LTD.(204611-0031385) POSPLATE CO., LTD.(204611-0031252) POS CALCIUM CO., LTD.(171711-0086180) (70.0%
held by the subject company) |
|
Affiliates & Companies invested by the
subject company |
KYOBO LIFE
INSURANCE CO., LTD. (110111-0014970) (24.0% held by
the subject company) MYANMAR KOREA
TIMBER INT'L LTD. (45.0% held by
the subject company) KOSVIDA
AGROCHEMICAL CO., LTD. HANJUNG POWER
LTD. (49.0% held by
the subject company) VOGUE CENTURY
LTD. KOREA LNG LTD. (20.0% held by
the subject company) DAEWOO INT'L
(AMERICA) CORP (100.0% held by
the subject company) DAEWOO INT'L
(DEUTSCHLAND) GMBH (100.0% held by
the subject company) DAEWOO INT'L
JAPAN CORP (100.0% held by
the subject company) DAEWOO INT'L
SINGAPORE PTE LTD. (100.0% held by
the subject company) MYANMAR DAEWOO
INT'L LTD. (55.0% held by the
subject company) DAEWOO CEMENT
(SANDONG) CO., LTD. (100.0% held by
the subject company) GEZIRA TANNERY
CO., LTD. (60.0% held by
the subject company) DAEWOO(CHINA)
CO., LTD. (100.0% held by
the subject company) MYANMAR DAEWOO
LTD. (100.0% held by
the subject company) DAEWOO TEXTILE
COMPANY (100.0% held by
the subject company) DAEWOO TEXTILE
(H.K) LTD (100.0% held by
the subject company) DAEWOO ITALIA
S.R.L (100.0% held by
the subject company) PT. RISMAR DAEWOO
APPAREL (88.15.0% held by
the subject company) GENERAL MEDICINES
CO., LTD (33.0% held by
the subject company) |
|
Affiliates & Companies invested by the
subject company |
DAYTEK
ELECTRONICS CORP (100.0% held by
the subject company) DAEWOO APPAREL
VIETNAM LTD (100.0% held by
the subject company) PT. INTERNATIONAL
STEEL INDONESIA (51.0% held by
the subject company) DAEWOO TEXTILE
FERGANA LLC (100.0% held by
the subject company) DMSA (2.75% held by
the subject company) DAEWOO STC VINA
LTD (100.0% held by
the subject company) POSCO MEXICO
PROCESSING CENTER HOLDING, LLC (29.0% held by
the subject company) DAEWOO TEXTILE BUKHARA LLC (100.0% held by the
subject company) DAEWOO INT'L AUSTRALIA PTY LTD. (100.0% held by the
subject company) DAEWOO INT'L MEXICO S.A. de C.V. (100.0% held by the
subject company) POS-ESDC LTD. (20.0% held by
the subject company) KG POWER(M) SDN. BHD (20.0% held by the
subject company) DAEWOO AAPC (100.0% held by the subject company) |
|
Affiliates & Companies invested by the
subject company |
KYOBO LIFE
INSURANCE CO., LTD. (110111-0014970) (24.0% held by
the subject company) MYANMAR KOREA
TIMBER INT'L LTD. (45.0% held by
the subject company) KOSVIDA
AGROCHEMICAL CO., LTD. HANJUNG POWER
LTD. (49.0% held by
the subject company) VOGUE CENTURY LTD. KOREA LNG LTD. (20.0% held by
the subject company) DAEWOO INT'L
(AMERICA) CORP (100.0% held by
the subject company) DAEWOO INT'L
(DEUTSCHLAND) GMBH (100.0% held by
the subject company) DAEWOO INT'L
JAPAN CORP (100.0% held by
the subject company) DAEWOO INT'L
SINGAPORE PTE LTD. (100.0% held by
the subject company) MYANMAR DAEWOO
INT'L LTD. (55.0% held by
the subject company) DAEWOO CEMENT
(SANDONG) CO., LTD. (100.0% held by
the subject company) GEZIRA TANNERY
CO., LTD. (60.0% held by
the subject company) DAEWOO(CHINA)
CO., LTD. (100.0% held by
the subject company) MYANMAR DAEWOO
LTD. (100.0% held by
the subject company) DAEWOO TEXTILE
COMPANY (100.0% held by
the subject company) DAEWOO TEXTILE
(H.K) LTD (100.0% held by
the subject company) DAEWOO ITALIA
S.R.L (100.0% held by
the subject company) PT. RISMAR DAEWOO
APPAREL (88.15.0% held by
the subject company) GENERAL MEDICINES
CO., LTD (33.0% held by
the subject company) |
|
Affiliates & Companies invested by the
subject company |
DAYTEK ELECTRONICS
CORP (100.0% held by
the subject company) DAEWOO APPAREL
VIETNAM LTD (100.0% held by
the subject company) PT. INTERNATIONAL
STEEL INDONESIA (51.0% held by
the subject company) DAEWOO TEXTILE
FERGANA LLC (100.0% held by
the subject company) DMSA (2.75% held by
the subject company) DAEWOO STC VINA
LTD (100.0% held by
the subject company) POSCO MEXICO
PROCESSING CENTER HOLDING, LLC (29.0% held by
the subject company) DAEWOO TEXTILE BUKHARA LLC (100.0% held by the
subject company) DAEWOO INT'L AUSTRALIA PTY LTD. (100.0% held by the
subject company) DAEWOO INT'L MEXICO S.A. de C.V. (100.0% held by the
subject company) POS-ESDC LTD. (20.0% held by
the subject company) KG POWER(M) SDN. BHD (20.0% held by the
subject company) DAEWOO AAPC (100.0% held by the subject company) |
|
Overseas Office |
DAEWOO INT'L(JAPAN) CORP. OSAKA BRANCH NIHON SEIMEI YODOYABASHI BLDG, 8TH FL.,
5-29, 3-CHOME, KITAHAMA, CHUO-KU, OSAKA, 541-0041 JAPAN TEL:+81-6-6222-0848~9 FAX:+81-6-6222-0865 DAEWOO INT'L(JAPAN)CORP. NAGOYA BRANCH 6F,NAGOYA HIROKOJI BLDG 3-1,SAKAE 2CHOME,
NAKA-KU. NAGOYA, 460-0008 JAPAN TEL:+81-52-222-3717 FAX:+81-52-222-3719 DAEWOO INT’L LONDON BRANCH OFFICE 10TH FLOOR CI TOWER ST.GEORGES SQUARE, NEW
MALDEN, SURREY KT3 4HH,UNITED KINGDOM TEL:+44-208-336-9131~3 FAX:+44-208-949-3783 OFICINA DE MADRID CAPITAN HAYA, 56, 6FLOOR-D, 28020 MADRID,
SPAIN TEL:+34-91-571-0563 FAX:+34-91-571-6827 ISTANBUL OFFICE CUMHURIYET CAD.MERKEZ APT.163/7, 34373
ELMADAG - ISTANBUL TURKEY TEL:+90-212-232-1567/1592/1757
FAX:+90-212-232-1994 MOSCOW OFFICE LENINSKY PROSPECT 158. HOTEL SALYUT, OFFICE
303, MOSCOW, 117571, RUSSIA TEL:+7-095-234-9242/9244
FAX:+7-095-234-9249 TASHKENT OFFICE 4TH FLOOR, 1, BUKHARA STEET, TASHKENT,
700015, UZBEKISTAN TEL:+998-71-133-0111, 0311 FAX:+998-71-133-2114 TORONTO BRANCH SUITE #403,1500 DON MILLS ROAD, NORTH YORK,
ONTARIO CANADA, M3B 3K4 TEL:+1-416)510-2886 FAX:+1-416)510-0908 MEXICO BRANCH BOSQUES DE CIRUEOS NO,130-5 PISO, COL,
BOSQUES DE LAS LOMAS C.P.11700 MEXICO D.F.,MEXICO TEL:+52-55)5596-5757,4243
FAX:+52-55)5596-1585 SUCURSAL BUENOS AIRES TALCAHUANO 833, PISO 7 - F, (C1013AAQ) CAP.
FED. BUENOS AIRES, ARGENTINA TEL:+54-11)4816-3201 FAX:+54-11)4815-1158 DAEWOO DO BRASIL IMP. E EXP LTDA AV. PAULISTA 777, 13 ANDAR CEP-0311-100, SAO
PAULO-S.P, BRASIL TEL:+55-11)3285-5699 FAX:+55-11)3266-4125 |
|
Overseas Office |
BEIJING REPRESENTATIVE OFFICE OFFICE C-701, BEIJING LUFTHANSA CENTER 50
LIANGMAQIAO ROAD, CHAOYANG DISTRICT BEIJING 100016, CHINA TEL:+ 86-10-6465-2226 FAX:+86-10-6465-1531,
1532 SHANGHAI OFFICE ROOM 1303-1309 RUIJIN B/D 205, MAO-MING
ROAD(SOUTH) TEL:+86-21-6472-4280 FAX:+86-21-6472-0437 DALIAN OFFICE DALIAN WORLD TRADE CENTER ROOM 2602 NO.25,
TONGXING STREET, ZHONGSHAN DISTRICT, DALIAN, CHINA TEL:+86-411-8253-0808 FAX:+86-411-8253-0070 HARBIN OFFICE HARBIN BAOIL TECHNICAL BUILDING #810 NO. 93
ZHONGSHAN ROAD, XIANGFANG DISTRICT, HARBIN,HEILONGJANG PROV., CHINA(POSTAL
CODE :150036) TEL:+86-451-8233-0434, 0466, 6431
FAX:+86-451-8233-0264 CHANGCHUN OFFICE NOBLE HOTEL ROOM. 818 NO.4501 REMIN STREET,
CHANGCHUN, JILIN PROVINCE, CHINA(POSTAL CODE :130021) TEL:+86-431-563-0676, 567-4753
FAX:+86-431-567-4759 SHENYANG OFFICE SHENYANG TIMES PLAZA 6 F1.NO.99 BEIZHAN
ROAD, SHENHE DISTRICT, SHENYANG, LIAONING PROVINCE, CHINA(POSTAL CODE
:110013) TEL:+86-24-2253-4496 FAX:+86-24-2253-4529 QINGDAO OFFICE #703, FUTAI PLAZA OFFICE TOWER, NO. 18
HONGKONG ZHONG ROAD, QINGDAO CHINA TEL:+86-532-8573-1688/8788
FAX:+86-532-8572-7588 WUHAN BRANCH #709 WUHAN INT'L TRADE COMMERCE CENTER. NO.
566, JIANSHE AVE, WUHAN CHINA,(POSTAL CODE: 430022) TEL:+86-27-8577-0993 FAX:+86-27-8577-0992 GUANGZHOU REPRESENTITIVE OFFICE ROOM 1301, GITIC PLAZA MAIN BLDG. 339
HUANSHI DONG ROAD, GUANGZHOU, CHINA TEL:+86-20-8331-1371 FAX:+86-20-8331-2789 KUNMING OFFICE ROOM 915 HORIZON JIANGUO HOTEL, 432
QINGNIAN ROAD, KUNMING, YUNNAN, CHINA(POSTAL CODE : 650021) TEL:+86-871-318-3373 FAX:+86-871-318-0371 SHANTOU REPRESENTATIVE OFFICE B/18F EVERGREEN BUILDING, EAST JINSHA ROAD,
SHANTOU, CHINA(POSTAL CODE : 515041) TEL:+86-754-816-3442~4, 816-9536 FAX:+
86-754-816-3445 |
|
Overseas Office |
TAIWAN BRANCH 8FL-1, NO.51, KEELUNG RD., SEC2, TAIPEI,
TAIWAN TEL:+ 886-2-8732-5557 FAX:+886-2-8732-5537/5856/5857 AUSTRALIA REPRESENTATIVE OFFICE SUITE 2 LEVEL 4, 621 PACIFIC HIGHWAY ST.
LEONARDS, NSW 2065 AUSTRALIA TEL:+ 61-2-9906-7355 FAX:+61-2-9906-7588 MANILA REPRESENTATIVE OFFICE 5TH FLOOR. PACIFIC STAR BLDG., SEN. GIL J.
PUYAT AVENUE COR. MAKATI AVENUE, MAKATI CITY. PHILIPPINES TEL:+63-2-818-1031~2 FAX:+63-2-817-5267 HANOI OFFICE 3RD FLOOR, OFFICE TOWER, DAEHA BUSINESS
CENTER, 360 KIM MA ST., BA DINH DISTRICT, HANOI, S.R. VIETNAM TEL:+84-4-8315220 FAX:+84-4-8317889 HOCHIMINH OFFICE 117-121 LE LOI ST. 1ST FLOOR, , DIST.1,
HOCHIMINH CITY, S.R.VIETNAM TEL:+84-8-821-7740 FAX:+84-8-821-7750 BANGKOK OFFICE UNIT 1901-1902, M.THAI TOWER, ALL SEASONS
PLACE, 87 WIRELESS ROAD, LUMPINI, PATHUMWAN, BANGKOK 10330,THAILAND TEL:+66-2-654-0124~8 FAX:+66-2-654-0129 JAKARTA BRANCH LIPPO PLAZA 7TH FLOOR JL. JEND. SUDIRMAN
KAV 25, JAKARTA 12920 INDONESIA P.O.BOX 2810 TEL:+62-21-520-4520 FAX:+62-21-520-3478 NEW DELHI OFFICE 4/6, FIRST FLOOR, SIRIFORT INSTITUTIONAL
AREA,NEW DELHI-110049, INDIA TEL:+91-11-649-8201~3 FAX:+91-11-649-5387,
4792 |
|
Overseas Office |
NEW DELHI OFFICE 4/6, FIRST FLOOR, SIRIFORT INSTITUTIONAL
AREA,NEW DELHI-110049, INDIA TEL:+91-11-649-8201~3 FAX:+91-11-649-5387,
4792 TEHRAN BRANCH NO. 27, REZA NAYEBI ST., VESSAL SHIRAZI
AVE., P.O. BOX 14155-3531, TEHRAN, IRAN TEL:+98-21-646-3571~7 FAX:+98-21-646-9805,
649-2057 DUBAI BRANCH P.O.BOX 8090 FLAT NO.221 OUD METHA BLDG.,
AL GARHOUD ROAD, DUBAI, U.A.E. TEL:+971-4-324-8240 FAX:+971-4-324-8241 TEL AVIV OFFICE FLOOR 12TH, AVIV TOWER BLDG. A, 48PETACH
TIKVA ROAD. TEL AVIV 66184, ISRAEL TEL:+972-3-537-2292 FAX:+972-3-537-2286 RIYADH OFFICE KING FAISAL FOUNDATION BLDG. SOUTH TOWER,
8TH FLOOR, P.O.BOX 89644, RIYADH 11692 SAUDI ARABIA TEL:+966-1-464-6814, 6211
FAX:+966-1-464-6814 AMMAN OFFICE QATEEF STR., HOUSE #24, UMM OTHINA, AMMAN,
JORDAN TEL:+962-6-553-6451~2 FAX:+962-6-553-6453 BAGHDAD OFFICE NO. 10 STREET, 29 QT, 601, MANSUR, BAGHDAD,
IRAQ TEL:+964-1-543-1663, 5701
FAX:+964-1-542-9258 CAIRO LIAISON OFFICE FLAT NO. 64, GEZIRAH TOWER 1, ROAD NO. 151,
MAADL CAIRO, EGYPT TEL:+20-2-525-6012, 524-0810
FAX:+20-2-525-6015 NAIROBI BRANCH INTERNATIONAL HOUSE 5TH FLOOR, MAMA NGINA
STEERT P.O.BOX 43739 G.P.O NAIROBI KENYA TEL:+254-20-316108, 316109
FAX:+254-20-316135 |
|
Overseas Office |
RABAT BRANCH ANGLE RUE DE HONAINE ET 16 NOVEMBRE, IMM 2,
APT 11 AGDAL, B.P 8153 RABAT, MOROCCO TEL:+213-37-674509 FAX:+212-37-674510 ALGERIA BRANCH HOTEL INTERNATIONAL ALGER, ROOM #225, PINS
MARITIMES, ALGER, ALGERIA TEL:+213-21-210752 FAX:+213-21-219796 TUNIS OFFICE CHEZ SOREPRAS, 92, RUE 18, JANVIER 1952
1001 TUNIS, TUNISIA TEL:+216-71-334051 FAX:+216-71-334051 LUANDA OFFICE AV.HIJI YA HENDA, TORRE B, 2O. ANDAR, APTO.
B(AO ESTADIO DA CIDADELA), P.O.BOX
513, LUANDA, ANGOLA TEL:+244-2-263635, 263931, 263966 FAX:+244-2-263670 JOHANNESBURG BRANCH 1ST FLOOR, FEDSURE TOWERS 13 FREDMAN DRIVE
SADOWN, SANDTON 2196 REPUBLIC OF SOUTH AFRICA P.O.BOX 786734 SANTON 2146 SA TEL:+27-11-784-1326 FAX:+27-11-784-1301 |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
DAEWOO INT'L (AMERICA) CORP.(USA) (100.0% held by the subject company) DAEWOO INT'L JAPAN CORP.(Japan) (100.0% held by the subject company) DAEWOO INT'L (DEUTSCHLAND) GmbH.(Germany) (100.0% held by the subject company) DAEWOO ITALIA S.R.L.(Italy) (100.0% held by the subject company) PT. RISMAR DAEWOO APPAREL(Indonesia) (100.0% held by the subject company) DAEWOO TEXTILE COMPANY(Uzbekistan) (100.0% held by the subject company) DAEWOO CEMENT(SHANDONG) CO., LTD.(China) (100.0% held by the subject company) DAEWOO(CHINA) CO., LTD.(China) (100.0% held by the subject company) GEZIRA TANNERY CO.,LTD.(Sudan) (60.0% held by the subject company) DAEWOO INT'L SINGAPORE PTE. LTD.(Singapore) (100.0% held by the subject company) DAYTEK ELECTRONICS CORPORATION(Canada) (100.0% held by the subject company) DAEWOO TEXTILE FERGANA LLC.(Uzbekistan) (100.0% held by the subject company) PT. INTERNATIONAL STEEL
INDONESIA(Indonesia) (51.0% held by the subject company) SOZHOU JINWOO TEXTILE DYEING CO.,
LTD.(China) (90.2% held by the subject company) DAEWOO PAPER GOBOON CO., LTD.(China) (59.9% held by the subject company) DAEWOO INTERNATIONAL AUSTRALIA PTY LTD. (100.0% held by the subject company) MYANMAR DAEWOO INT'L CORP. (100.0% held by the subject company) DAEWOO INT'L VIETNAM CO., LTD. (100.0% held by the subject company) DAEWOO INT'L CAMEROON S.A. (100.0% held by the subject company) |
|
Subsidiary |
DAEWOO POWER AND INFRA (PTY) LTD.(SOUTH AFRICA) HANJUNG POWER LTD.(PNG) DAEWOO PRECIOUS RESOURCES CO., LTD.(MYANMAR) BRASIL SAO PAULO STEEL PROCESSING CENTER DAEWOO INT'L AUSTRALIA HOLDINGS PTY LTD. DAEWOO TEXTILE BUKHARA LLC. DAEWOO INT'L JAPAN CORP. |
|
Corporate Ownership |
POSCO(174611-0000741) |
|
Major Shareholders |
POSCO(174611-0000741) |
|
Cooperative Enterprise |
SAUDI STEEL PIPE-SAUDI ARABIA SEARS / K-MART -USA ASH / ARGOS - USA PDC-VIETNAM MPE - MYANMAR UNIPLAST - UKRAINE CEMEX TRADING LLC - USA VYKSA - RUSSIA PWP - USA CHERRY AUTOMOBILE - CHINA MYGYAR SUZUKI – JAPAN -Insured Company LIG
INSURANCE CO., LTD(110111-0017859) |
|
Sales/ Unit
:Mil KRW |
2010 |
2009 |
2008 |
|
Export |
8,055,495 |
5,963,358 |
6,141,132 |
|
Domestic |
758,524 |
426,862 |
279,961 |
|
Others |
6,857,985 |
4,757,732 |
4,624,675 |
|
Total |
15,672,004 |
11,147,952 |
11,045,768 |
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
|
Kim Jae-Cheon & Others(1) |
The Subject Company |
Refund of Inappropriate profit |
USD
433,000 |
proceeding |
|
|
|
Park Bae-Ok & Others(627) |
The Subject Company |
Salaries |
628,000,000 |
proceeding |
|
|
|
Han Chang-Eun & Others(46) |
The Subject Company |
Salaries |
47,000,000 |
proceeding |
|
|
|
DAEWOO
CORPORATION(110111-0150138) |
The Subject Company |
Surplus |
500,000,000 |
proceeding |
|
|
|
LBA |
The Subject Company |
Claim for Damages |
EUR 5,000,000 |
Proceeding |
|
05/2002 |
Mumbai District Court |
IDBI |
The Subject Company |
Guaranteed Liabilities |
INR
4,458,849 |
Proceeding |
|
|
|
IRAQ |
The Subject Company |
Claim for Compensation from Damages |
- |
Proceeding |
|
|
|
Logistec
USA Inc. |
The Subject Company |
Claim for Damages |
USD
75,000 |
Proceeding |
|
|
|
CBX
RESOURCES, LLC |
The Subject Company |
Claim for Damages |
- |
Proceeding |
|
|
|
Bayoil
(USA), Inc |
The Subject Company |
Claim for Damages |
- |
Proceeding |
|
|
|
Petrochemical
Commercial Company |
The Subject Company |
Receivables |
EUR
3,270,000 |
Proceeding |
|
|
|
Henghou
Industries (Hong Kong) Limited |
The Subject Company |
Claim for Damages |
CNY
14,089,000 |
Proceeding |
|
|
|
Ningbo
Foreign TradeCo., Ltd. |
The Subject Company |
Claim for Damages |
CNY
28,112,000 |
Proceeding |
|
|
|
Dynatec
Madagascar |
The Subject Company |
Claim for Damages |
USD
199,862,000 |
Proceeding |
There are 12 cases
filed as Plaintiff(s)/ Creditor(s)/ Applicant(s) amounting, and 16 cases filed as
Defendant(s)/ Debtor(s)/ Respondent(s) amounting 2,312,000,000 KRW, USD
178,542,000, EUR 8,270,000 and INR 4,458,849,000 as of 09/31/2014.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.69 |
|
|
1 |
Rs. 99.73 |
|
Euro |
1 |
Rs. 71.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.