|
Report No. : |
344108 |
|
Report Date : |
08.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
DOOSAN HEAVY
INDUSTRIES & CONSTRUCTION CO., LTD. |
|
|
|
|
Registered Office : |
22, DoosanVolo-ro, Seongasn-gu, Changwon-si,
Gyeongsangnam-do, Korea, 51711 |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Financials (as on) : |
30.06.2015 |
|
|
|
|
Date of Incorporation : |
20.09.1962 |
|
|
|
|
Com. Reg. No.: |
609-81-04684 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Other Engines and Steam and Gas Turbines. |
|
|
|
|
No. of Employees : |
7,626 |
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 : |
Regular |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SOUTH KOREA - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated
incredible economic growth and global integration to become a high-tech
industrialized economy. In the 1960s, GDP per capita was comparable with levels
in the poorer countries of Africa and Asia. In 2004, South Korea joined the
trillion-dollar club of world economies. 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 |
|
Company Name |
DOOSAN HEAVY
INDUSTRIES & CONSTRUCTION CO., LTD. (Korean Company
Name : “두산중공업(주)”) |
|
Registered Address |
22, DoosanVolo-ro, Seongasn-gu,
Changwon-si, Gyeongsangnam-do, Korea (Old Address System : 555, Gwigok-dong,
Changwon-si, Gyeongsangnam-do, Korea) |
|
Building |
|
|
Zip Code |
51711 |
|
Tel |
+82-55-278-6114 |
|
Fax |
+82-55-264-5551~2 |
|
E-mail |
habang.kim@doosan.com;taeyoung.sohn@doosan.com;
hyeoungchul.yoon@doosan.com;chongjune.yoon@doosan.com;
yeonwoo.nam@doosan.com;jungkyu.lee@doosan.com;
sungsoo.kim1@doosan.com;sangjinkim@doosan.com |
|
Website |
www.doosanheavy.com |
|
Trading Address |
1303-22, Seocho-dong, Seocho-gu, Seoul,
Korea (C.P.O Box 1826) |
|
Tel |
+82-2-513-7114 |
|
Fax |
+82-2-513-6200 |
|
Other Address |
|
|
Tel |
|
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Manufacture of Other Engines and Steam and Gas Turbines |
|
Main
Business |
Turbine Generator, Desalination Plant, Nuclear Power Plants, Power
Plants, Desalination Plants, Casting & Forgings |
|
Sub
Business |
Construction of Industrial Plants |
|
Established (mm/dd/yyyy) |
09/20/1962 |
The Subject Company
owns the premises of registered HQ address.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Commercial or industrial
construction(72131600) |
|
Sell |
Post(30102900) |
|
Sell |
Steel plate(30102204) |
|
Sell |
Heating equipment and parts and
accessories(40101800) |
|
Sell |
Water treatment and supply
equipment(47101500) |
|
Sell |
Nuclear reactor equipment(26142100) |
|
Sell |
Boilers(40102000) |
|
Sell |
Odor control equipment(47101530) |
|
Sell |
Dust collectors(40161503) |
|
Sell |
Industrial filtering and
purification(40160000) |
|
Sell |
Filters(40161500) |
|
Sell |
Nuclear fuel equipment(26142200) |
|
Sell |
Atomic and nuclear energy machinery and
equipment(26140000) |
|
Sell |
Lifting equipment and accessories(24101600) |
|
Sell |
Marine propellers(25111902) |
|
Sell |
Nuclear reactor control rod
systems(26142106) |
|
Sell |
Turbine engines(26101506) |
|
Sell |
Power generators(26111600) |
|
Sell |
Desalination equipment(47101508) |
|
Sell |
Steel housings or cabinets(31261503) |
|
Sell |
General building construction(72130000) |
|
Sell |
Steel(11101704) |
|
Sell |
Rotors or stators(26101803) |
|
Sell |
Crankshaft(26101749) |
|
Name |
Park Gee-Won |
|
Address |
|
|
Date of Birth |
03/20/1965 |
|
Title |
Vice Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
596,808,980,000 |
||||||||||||||||||
|
Employees |
7,626 |
||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 034020) as of 10/25/2000 A Company of DOOSAN GROUP |
||||||||||||||||||
|
Bank Details |
Korea Exchange Bank-Yeoksam Dong Branch |
||||||||||||||||||
|
Corporate Registered No. |
194211-0000943 |
||||||||||||||||||
|
Business Registered No. |
609-81-04684 |
||||||||||||||||||
|
Permit & Licenses |
02/24/1995 ISO 9001 (Engine Business) 10/04/1995 ISO 9002 (Construction Business) 12/09/1997 ISO 14001(Construction Business) 08/01/1998 ISO 14001(Power Generation, Industry Equipment, Engine,
Casting Business) Int’l Trade No.: 671226 |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
09/1962 Incorporated as Hyundai Yanghaeng
(Formerly HANJUNG) 10/1980 Changed company name to HANJUNG 03/2001 Changed company name to the present
name 2002 Supplied main nuclear power systems to
the Sequoyah Nuclear Power Plant, USA Qinshan Nuclear Power Plant, China 2002 Dangjin Thermal Power Plant selected
as the ‘Power Plant of the Year’ by a U.S. magazine ‘Power Engineering’ 2003 Largest share of the global market for
HRSG 2004 HRSG, mold steel and cold press work
roll selected as 'Global Products’ 2004 Sales reach four trillion won 2005 Obtained KOLAS/OHSAS18001 Management
System Certification Received Korea’s Best Company Award 2005 Acquisition of Daewoo Heavy industrial
& machinery (Currently Doosan Infracore) 2005 Acquisition of a section of reverse
osmosis water treatment from AES in USA (Currently Doosan hydro technology) 2006 Acquisition of Kvaerner IMGB
(Currently Doosan IMGB) 2006 Acquisition of Mitsui Babcock
(Currently Doosan Babcock) 2006 Establish of a R&D center for
desalination in Dubai, UAE 2007 Starting construction work of a
manufacturing plant in Vietnam 12/19/2008 Issued debentures amounting
50,000,000,000 KRW for operating capital 09/14/2009 Acquired SAMHWA ASSET
CO., LTD.(110111-4164242) 04/2013 Transferred HRSG(Heat
Recovery Steam Generator) Business, and invested to DOOSAN ENGINEERING &
CONSTRUCTION CO., LTD.(110111-0194277) 08/31/2013 Increased capital to 530,791,280,000 KRW from 529,281,335,000 KRW |
||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Vice Chairman & CEO |
Mr. |
Park Gee-Won |
Korean |
1965.03.20 |
New York University, USA |
|
Vice Chairman & COO |
Mr. |
Jung Ji-Taik |
Korean |
1950.03. |
- |
|
Outside
Director |
Mr. |
Cha
Dong-Min |
Korean |
1959.11.29 |
Seoul National University, Korea |
|
Outside
Director |
Mr. |
Song
Kyung-Soon |
Korean |
1951.01.14 |
George University, USA |
|
Outside
Director |
Mr. |
Baik
Bok-Hyun |
Korean |
1968.08.20 |
Buckley University, USA |
|
Outside
Director |
Mr. |
Kim
Dong-Soo |
Korean |
1955.03. |
- |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)06/2015 |
2,596,057,135,076 |
10,947,237,104,702 |
61,827,347,756 |
|
(*)2014 |
5,496,792,932,857 |
10,550,996,307,648 |
-48,323,273,945 |
|
(*)2013 |
6,675,221,953,184 |
10,767,958,075,139 |
438,036,868,040 |
|
(*)2012 |
7,672,585,121,922 |
10,549,905,920,115 |
-205,978,994,383 |
|
(*)2011 |
6,334,911,095,456 |
10,435,857,766,220 |
171,582,246,258 |
|
(*)2010 |
6,150,985,347,405 |
9,259,444,559,584 |
182,367,016,317 |
|
2009 |
6,279,480,704,907 |
9,175,771,234,325 |
-328,314,807,906 |
|
2008 |
5,709,659,570,179 |
9,919,032,270,964 |
-65,851,255,388 |
|
2007 |
4,089,542,224,461 |
5,581,755,860,352 |
298,690,059,956 |
|
2006 |
3,508,665,339,829 |
5,162,276,633,395 |
74,164,962,570 |
|
2005 |
3,303,497,279,654 |
4,906,151,940,845 |
164,919,873,871 |
|
2004 |
2,455,505,414,985 |
3,649,300,078,339 |
164,226,996,036 |
|
2003 |
2,067,673,054,094 |
3,036,927,139,193 |
27,214,889,688 |
(*)Figures are based on
the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
2,000,000,000,000 |
|
Paid-Up Capital(KRW) |
596,808,980,000 |
|
Total Issues Shares |
119,361,796(Common : 106,158,256 / Preferable :13,203,540) |
|
Balance Sheet |
|||
|
Unit : Korean Won |
01/01/2015~06/30/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Total Assets |
10,947,237,104,702 |
10,550,996,307,648 |
10,767,958,075,139 |
|
Current
Assets |
3,449,501,049,524 |
3,111,816,864,299 |
3,442,037,836,279 |
|
Cash & Cash Equivalents |
188,273,019,050 |
295,172,572,341 |
154,976,872,130 |
|
Short-Term Investment |
64,034,743,369 |
17,193,921,865 |
48,303,140,256 |
|
Marketable Financial Instruments |
|
7,000,000,000 |
|
|
Trade Receivables |
830,144,840,536 |
702,083,016,120 |
740,332,950,358 |
|
Other Receivables-Construction |
1,363,537,054,506 |
1,102,681,698,828 |
1,373,139,220,591 |
|
Other Receivables |
118,060,353,912 |
133,776,850,193 |
150,917,330,911 |
|
Advance Payments |
413,991,447,635 |
420,719,456,898 |
357,362,813,974 |
|
Prepaid Expenses |
24,788,620,584 |
18,190,462,159 |
41,905,166,825 |
|
Short-Term Loans |
18,462,566,615 |
18,068,586,800 |
12,613,272,798 |
|
Derivatives |
7,917,920,681 |
16,588,094,363 |
29,761,451,201 |
|
Confirmed Agreement Assets |
64,251,628,300 |
20,008,150,905 |
1,660,009,268 |
|
Inventories |
328,030,293,037 |
330,767,777,123 |
427,091,565,190 |
|
Other Current Assets |
28,008,561,299 |
29,566,276,704 |
43,562,292,777 |
|
Non-Current
Assets to be Sold |
|
|
60,411,750,000 |
|
Non-Current
Assets |
7,497,736,055,178 |
7,439,179,443,349 |
7,325,920,238,860 |
|
Non-Current Financial Instruments |
27,658,463,977 |
80,684,972,135 |
83,559,608,228 |
|
Long-Term Marketable Financial
Instruments |
50,645,446,405 |
47,229,841,833 |
48,182,951,713 |
|
Investment_Related Companies |
3,906,637,278,279 |
3,902,676,918,279 |
3,775,167,400,934 |
|
Long-Term Loans |
56,889,698,000 |
55,342,976,000 |
72,663,246,470 |
|
Tangibles |
2,699,589,706,412 |
2,636,179,112,553 |
2,650,767,885,051 |
|
Intangibles |
613,589,400,265 |
592,124,892,669 |
512,703,325,145 |
|
Derivatives |
35,364,467,665 |
24,458,474,062 |
110,298,908,968 |
|
Confirmed Agreement Assets |
35,802,512,051 |
29,678,637,872 |
4,450,992,827 |
|
Guarantee Deposits |
68,331,484,145 |
67,647,514,665 |
65,111,175,934 |
|
Other Non-Current Assets |
3,227,597,979 |
3,156,103,281 |
3,014,743,590 |
|
Total
Liabilities |
6,196,884,511,158 |
5,810,407,772,325 |
6,291,188,787,629 |
|
Current
Liabilities |
4,054,803,776,737 |
3,672,981,446,548 |
3,688,041,317,806 |
|
Trade Payables |
805,092,333,473 |
959,162,263,845 |
718,996,606,832 |
|
Short-Term Borrowings |
674,913,939,017 |
625,082,217,140 |
443,699,722,260 |
|
Account Payables |
238,334,248,267 |
338,120,030,281 |
286,435,910,645 |
|
Advance Receipts |
8,022,280,162 |
49,786,952,158 |
66,763,555,478 |
|
Other Payables |
1,128,877,918,788 |
747,018,343,580 |
1,066,450,495,430 |
|
Withholdings |
876,547,500 |
6,527,598,592 |
4,405,761,946 |
|
Accrued Expenses |
53,431,920,137 |
78,058,104,907 |
93,995,807,330 |
|
Accrued Income Tax |
|
38,280,580,051 |
112,654,064,069 |
|
Current Portion of Long-Term
Debts |
1,015,439,798,045 |
639,902,766,973 |
629,627,206,737 |
|
Derivatives |
90,147,083,768 |
110,995,271,543 |
93,360,902,828 |
|
Confirmed Agreement Liabilities |
12,395,518,504 |
48,487,736,864 |
152,801,484,553 |
|
Other Current Liabilities |
5,151,049,424 |
5,438,440,962 |
3,499,799,698 |
|
Other Provisions |
22,121,139,652 |
26,121,139,652 |
15,350,000,000 |
|
Non-Current
Liabilities |
2,142,080,734,421 |
2,137,426,325,777 |
2,603,147,469,823 |
|
Debentures |
1,083,354,061,912 |
678,252,979,509 |
697,675,031,668 |
|
Long-Term Borrowings |
393,634,300,000 |
805,837,620,000 |
1,115,431,260,000 |
|
long-Term Account Payables |
17,118,746,501 |
23,339,486,919 |
21,371,630,135 |
|
Provision for Severance &
Retirement |
152,954,204,345 |
171,245,170,650 |
181,935,020,457 |
|
Guarantee Deposit Withhold |
181,086,600,221 |
178,737,374,555 |
207,210,061,269 |
|
Confirmed Agreement Liabilities |
109,385,640,287 |
112,874,262,019 |
78,702,626,525 |
|
Confirmed Agreement Liabilities |
13,438,173,582 |
13,500,267,179 |
54,109,637,319 |
|
Non-Current Portion of Deferred Income Tax Credit |
69,549,300,733 |
20,289,875,220 |
97,426,079,757 |
|
Other Provisions |
115,719,101,497 |
126,851,795,383 |
143,711,846,406 |
|
Other Non-Current Debts |
5,840,605,343 |
6,497,494,343 |
5,574,276,287 |
|
Capital
Stock |
596,808,980,000 |
596,808,980,000 |
530,791,280,000 |
|
Capital Surplus |
1,257,921,236,250 |
1,256,235,542,460 |
945,768,544,626 |
|
Others |
-78,378,921,013 |
-77,156,735,344 |
-76,004,141,815 |
|
Installments |
498,935,341,966 |
465,018,826,210 |
435,711,949,568 |
|
Profit Surplus |
2,475,065,956,341 |
2,499,681,921,997 |
2,640,501,655,131 |
|
Total Equity |
4,750,352,593,544 |
4,740,588,535,323 |
4,476,769,287,510 |
|
Liab. & Shareholder’s Equity |
10,947,237,104,702 |
10,550,996,307,648 |
10,767,958,075,139 |
|
Income Statement |
|||
|
Unit : Korean Won |
01/01/2015~06/30/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Sales |
2,596,057,135,076 |
5,496,792,932,857 |
6,675,221,953,184 |
|
Cost of Sold Goods |
2,215,974,603,844 |
4,684,673,645,896 |
5,662,551,116,633 |
|
Gross Profit |
380,082,531,232 |
812,119,286,961 |
1,012,670,836,551 |
|
Selling & Admin. Expenses |
202,926,858,022 |
592,079,614,905 |
558,162,629,961 |
|
Operating Income |
177,155,673,210 |
220,039,672,056 |
454,508,206,590 |
|
Finance Income |
367,641,597,047 |
617,451,092,546 |
729,968,748,865 |
|
Finance Expenses |
419,641,645,474 |
827,705,376,721 |
886,782,976,296 |
|
Other Non-Operating Income |
5,435,406,597 |
25,692,994,470 |
11,382,914,819 |
|
Other Non-Operating Expenses |
30,914,666,503 |
107,123,355,600 |
163,938,235,066 |
|
Income Before Taxes |
99,676,364,877 |
-71,644,973,249 |
145,138,658,912 |
|
Income Taxes Expenses |
37,849,017,121 |
-23,321,699,304 |
28,944,757,611 |
|
Income from Continuous Business |
61,827,347,756 |
-48,323,273,945 |
116,193,901,301 |
|
Income from Stopped Business |
|
|
321,842,966,739 |
|
Net Income |
61,827,347,756 |
-48,323,273,945 |
438,036,868,040 |
|
Cash Flows |
|||
|
Unit : Korean Won |
01/01/2015~06/30/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Operating
Activities Cash Flows |
-305,350,144,526 |
309,719,554,844 |
462,751,232,200 |
|
Cash Flows from Operating |
-222,516,817,181 |
559,299,131,514 |
659,650,560,604 |
|
Net Income |
61,827,347,756 |
-48,323,273,945 |
438,036,868,040 |
|
Adjustment |
185,796,421,985 |
575,288,999,917 |
252,951,821,502 |
|
Changes in Asset/ & Liability |
-470,140,586,922 |
32,333,405,542 |
-31,338,128,938 |
|
Interests Received |
959,707,752 |
9,551,202,362 |
19,816,106,248 |
|
Interests Paid |
-50,935,762,354 |
-131,878,065,637 |
-182,139,368,278 |
|
Dividends Received |
5,262,425,244 |
4,416,153,527 |
4,472,186,692 |
|
Income Taxes |
-38,119,697,987 |
-131,668,866,922 |
-39,048,253,066 |
|
Cash
Flows from Investing |
-100,567,952,311 |
-328,787,198,909 |
-991,462,892,994 |
|
Cash Inflow from Investing |
25,147,865,233 |
116,390,980,183 |
65,051,767,342 |
|
Cash Outflows for Investing |
-125,715,817,544 |
-445,178,179,092 |
-1,056,514,660,336 |
|
Cash
Flows from Financing |
299,466,397,489 |
156,622,383,041 |
36,865,888,808 |
|
Cash Inflows from Financing |
921,647,658,716 |
1,522,509,039,318 |
1,099,559,960,071 |
|
Cash Outflows from Financing |
-622,181,261,227 |
-1,365,886,656,277 |
-1,062,694,071,263 |
|
Increase/Decrease
in Cash |
-106,899,553,291 |
140,195,700,211 |
-493,489,157,361 |
|
Cash at
the Beginning of Year |
295,172,572,341 |
154,976,872,130 |
648,466,029,491 |
|
Cash at
the End of Year |
188,273,019,050 |
295,172,572,341 |
154,976,872,130 |
|
Main Products & Services |
NUCLEAR POWER PLANT Reactor Vessel Reactor Internals Steam Generator BOP Peripheral Systems POWER PLANT Main Parts Auxiliary Systems DESALINATION PLANT MSF (Multi Stage Flash) MED (Multi Effect Distillation) RO (Reverse Osmosis) Hybrid (MSF + RO, MED + RO) WT/WWT(Water/Wastewater Treatment) CASTING & FORGING Power Facilities Marine Engine Parts Steel Mill Die & Tool Steel CONSTRUCTION Brand Name : DOSAN WE’VE |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
DOOSAN INDUSTRIAL DEVELOPMENT CO., LTD. DOOSAN CORPORATION DOOSAN ENGINE CO., LTD. DOOSAN MECATEC CO., LTD. WONIK QUARTZ CO., LTD. 16F KUKJE ELECTRONICS CENTER 1445-3
SEOCHO-DONG SEOCHO-GU SEOUL 137-728 KOREA TEL:+82-2-586-4601 FAX:+82-2-586-4614 INDUSTRY: MANUFACTURE OF LABORATORY AND
OTHER INDUSTRIAL GLASSWARE SEOHO ELECTRIC CO., LTD. 194-53, ANYANG 7-DONG, MANAN-GU, ANYANG,
GYEONGGI 430-815 KOREA TEL:+82-31-468-6611 FAX:+82-31-468-3311 INDUSTRY: MANUFACTURE OF BOARDS FOR
ELECTRIC CONTROL OR DISTRIBUTION UNISON CO., LTD. 803, JANGSAN-RI, SUSIN-MYEON, CHEONAN,
CHUNGNAM 330-882 KOREA TEL:+82-41-620-3333 FAX:+82-41-551-5611 INDUSTRY: MANUFACTURE OF ALL OTHER
FABRICATED METAL PRODUCTS N.E.C. YANG BO CO., LTD. 1506-1, SONGJEONG-DONG, GANGSEO-GU, BUSAN
618-270 KOREA TEL:+82-51-831-8889 FAX:+82-51-831-7744 INDUSTRY: MANUFACTURE OF ROLLED, DRAWN AND
FOLDED PRODUCTS OF COPPER BOSUNG POWERTEC CO., LTD. 731-2, WONSI-DONG, DANWON-GU, ANSAN,
GYEONGGI 425-851 KOREA TEL:+82-31-491-0311 FAX:+82-31-491-5317 INDUSTRY: MANUFACTURE OF OTHER ELECTRIC
MOTORS, GENERATORS AND TRANSFORMERS SEOHO ELECTRIC CO., LTD. 194-53, ANYANG 7-DONG, MANAN-GU, ANYANG,
GYEONGGI 430-815 KOREA TEL:+82-31-468-6611 FAX:+82-31-468-3311 INDUSTRY: MANUFACTURE OF BOARDS FOR
ELECTRIC CONTROL OR DISTRIBUTION |
|
Customers |
SWCC (SALINE WATER CONVERSION
CORPORATION)-SAUDI ARABIA DONGRIWON DEVELOPMENT VINA.CO.,LTD &
HAI BINH JOINT STOCK COMPANY-VIETNAM SHUWEIHAT 2 HOLDING COMPANY LIMITED-UAE GHECO-ONE COMPANY LIMITED-THAILAND PSA CORPORATION LTD.-SINGAPORE WESTINGHOUSE ELECTRIC COMPANY LLC-USA MEW(THE MINISTRY OF ELECTRICITY AND WATER
IN KUWAIT)-KUWAIT GECOL(GENERAL ELECTRICITY COMPANY OF
LIBYA)-LIBYA KSPC (KEPCO SPC POWER CORP.)-PHILIPPINES GE (GENERAL ELECTRIC INTERNATIONAL,
INC.)-USA KOREA ELECTRIC POWER
CORPORATION(114671-0001456) KOREA HYDRO & NUCLEAR POWER CO.,
LTD.(110111-2207127) KOREA SOUTHERN POWER CO.,
LTD.(110111-2207135) HAEKUK FEEL D&C(110111-1530157) |
|
Competitors |
HYUNDAI STEEL COMPANY(120111-0001743) HYUNDAI STEEL, 1, SONGHYEON 3-DONG, DONG-GU,
INCHEON, KOREA TEL:+82-32-760-2114 FAX:+82-32-760-2813 HYUNDAI HEAVY INDUSTRIES
CO.,LTD.(181211-0000386) 1, JEONHA 1-DONG, DONG-GU, ULSAN, KOREA TEL:+82-52-202-2114 FAX:+82-52-234-2565 THE KANSAI ELECTRIC POWER COMPANY, INC. 3-6-16, NAKANOSHIMA KITA-KU OSAKA-SHI, OSK
530-8270 JAPAN TEL:+81-6-64418821 MASHINOSTROITEL'NYI ZAVOD OAO UL. K. MARKSA 12 ELEKTROSTAL', 144001
RUSSIA TEL:+7-495-7029901 FAX:+7-495-7029221 (FAX) SHIKOKU ELECTRIC POWER COMPANY, INC. 2-5 MARUNOUCHI TAKAMATSU-SHI, KGW 760-8573
JAPAN TEL:+81-87-8215061 |
|
Affiliates |
DOOSAN INFRACORE CO., LTD.(120111-0234469) (38.86% held by the subject company) DOOSAN ENGINE CO., LTD(194211-0038423) (53.04% held by the
subject company) DOOSAN MECATEC CO., LTD.(110111-0126022) (100.00% held by the subject company) N.SHAPER CO., LTD .(110111-1943574) (80.52% held by the
subject company) ORICOM INC(110111-0176986) (9.72% held by the
subject company) DOOSAN CONSTRUCTION & ENGINEERING CO.,
LTD.(110111-0194277) (52.18% held by the
subject company) DOOSAN CAPITAL CO., LTD.(110111-1220336) (19.99% held by the subject company) DOOSAN ASSET MANAGEMENT COMPANY CO., LTD(194211-0097859) (100.00% held by the subject company) 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) 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) BIG & GOOD SECURITIES BROKERAGE.CO.,
LTD.(110111-1965560) REXCON CO., LTD.(110111-3586273) DOOSAN CUVEX CO., LTD(140111-00325709) DOOSAN BEARS INC.(110111-0346919) DOOSAN MOTTROL HOLDINGS CO.,
LTD.(110111-3892505) DOOSAN INTERNATIONAL KOREA LIMITED(110111-3773531) |
|
Overseas Office |
|
|
Liaison Office |
|
|
Overseas Branch |
FRANKFURT FRANKFURT OFFICEARABELLA CENTER, 9TH FLOOR
LYONER STRASSE 44-48 FRANKFURT AM MAIN 60528, GERMANY TEL:+49-69-69-5004-0 FAX:+49-69-69-5004- 10 NEW JERSEY 400 KELBY STREET, PARKER PLAZA, 10TH FL.
FORT LEE, NJ 07024, USA TEL:+1-201-944-4554
FAX:+1-201-944-5022/5053 WINDSOR WESTINGHOUSE ELECTRIC, 20 INTERNATIONAL
DRIVE, WINDSOR, CT 06095, USA TEL:+1-860-731-6479 FAX:+1-860-731-6478 SCHENECTADY GENERAL ELECTRIC BUILDING 33, ROOM 202A,
ONE RIVER ROAD, SCHENECTADY, NY 12345, USA TEL:+1-518-385-5218 FAX:+1-518-385-4984 BEIJING 19F, TOWER B, GATEWAY PLAZA, NO18
XIAGUANGLI,NORTH ROAD, EAST THIRD RING, CHAOYANG DISTRICT,BEIJING 100027,
CHINA TEL:+86-10-8454-7131∼33 FAX:+86-10-8454-7139 TAIWAN 704,NO.51,KEELUNG ROAD SECTION 2, TAIPEI,
TAIWAN, R.O.C TEL:+886-2-2739-2255(ARS)
FAX:+886-2-2739-2266 KUALA LUMPUR LETTER BOX NO.86,22ND FLOOR,UBN TOWER,10,
JALAN P.RAMLEE,50250 KUALA LUMPUR. MALAYSIA. TEL:+60-3-2026-8890 FAX:+60-3-2026-8891 NEW DELHI 2A, 2NDFL. LOTUS TOWERS,NEW FRIENDS COLONY,
NEW DELHI 110 065, INDIA TEL:+91-11-4132-8031/8034
FAX:+91-11-4132-8039 SHANGHAI 38TH FLOOR XIN MEI UNION SQUARE 999 SOUTH
PUDONG ROAD, PUDONG NEW AREA SHANGHAI 200120, PR CHINA TEL:+86-21-5877-8696 FAX:+86-21-5877-5938 |
|
Overseas Branch |
HANOI 1101, DAEHA BUSINESS CENTER, 360 KIM MA, BA
DINH DISTRICK, HANOI, VIETNAM TEL:+84-4-273-0545/0548 FAX:+84-4-273-0550 BANGKOK 10TH FLOOR, M-THAI TOWER, WIRELESS ROAD, BANGKOK,
THAILAND TEL:+66-2-654-0690~2 FAX:+66-2-654-0693 MUMBAI 1109&1110, 11TH FLOOR, MAKER
CHAMBERS-V, NARIMAN POINT, MUMBAI 400021, INDIA TEL:+91-22-2202-6505-6516/7842
FAX:+91-22-2202-6557 TOKYO ROOM2410,MITA KOKUSAI BLD.1-4-28, MITA
MINATO-KU, TOKYO, JAPAN 108-0073 TEL:+81-3-3452-5451~3 FAX:+81-3-3452-5624 ABU DHABI P.O. BOX 27767 AL GHAITH TOWER, SUITE 508,
HAMDAN STREET, ABU DHABI, UAE TEL:+971-2-627-6273 FAX:+971-2-627-6274 RIYADH P.O. BOX 9656 RIYADH 11423, SAUDI ARABIA TEL:+966-1-419-1920/1696
FAX:+966-1-419-1995 DUBAI OFFICE NO. 308, AL SERKAL BUIDING, AIRPORT
ROAD, PO BOX 11859, DHABI, UNITED ARAB EMIRATES TEL:+971-2-627-6273 FAX:+971-2-627-6274 KUWAIT SABAH AL-SALEM AREA, BLOCK 4 STREET 24,
VILLA 15, KUWAIT TEL:+965-551-8436 FAX:+965-551-8453 |
|
Joint Venture |
|
|
Subsidiary |
|
|
Subsidiary |
DOOSAN POWER SYSTEMS S.A. S.C. DOOSAN IMGB S.A. HF CONTROLS CORP. DOOSAN HYDRO TECHNOLOGY INC. DOOSAN HEAVY INDUSTRIES AMERICA CORP. DOOSAN HEAVY INDUSTRIES JAPAN CORP. DOOSAN HEAVY INDUSTRIES VIETNAM CO., LTD. PT. DOOSAN HEAVY INDUSTRIES INDONESIA DOOSAN ENGINEERING & SERVICES LLC DOOSAN POWER SYSTEMS INDIA PRIVATE LTD. DOOSAN ENPURE LTD. DOOSAN HEAVY INDUSTRIES AMERICA HOLDINGS
INC. DOOSAN POWER SYSTEMS HOLDINGS LTD. DOOSAN POWER SYSTEMS UK INVESTMENT LTD. DOOSAN BABCOCK LTD. DOOSAN BABCOCK ENERGY SERVICES (OVERSEAS)
LTD. DOOSAN POWER SYSTEMS EUROPE LIMITED GMBH DOOSAN BABCOCK ENERGY TECHNOLOGIES
(SHANGHAI) LTD. DOOSAN BABCOCK ENERGY POLSKA SP Z.O.O. DOOSAN POWER SYSTEMS OVERSEAS INVESTMENTS
LTD. DOOSAN BABCOCK ENERGY GERMANY GMBH DOOSAN POWER SYSTEMS AMERICAS LLC CLEAN ENERGY SOLUTIONS LLC DOOSAN BABCOCK ENERGY SCOTLAND LTD. BABCOCK WELDING PRODUCTS LTD. BABCOCK ENERGY LTD. DOOSAN POWER SYSTEMS PENSION TRUSTEE
COMPANY LTD. DOOSAN POWER SYSTEMS CZECH INVESTMENT A.S. DOOSAN SKODA POWER S.R.O SKODA POWER PVT LTD. DOOSAN LENTJES GMBH DOOSAN POWER SYSTEMS BRAZIL LTDA DOOSAN LENTJES UK LIMITED DOOSAN LENTJES CZECH S.R.O AE & E LENTJES BELGIE N.V. |
|
Subsidiary |
DOOSAN POWER SYSTEMS(SCOTLAND) LIMITED
PARTNERSHIP DOOSAN INFRACORE (CHINA) INVESTMENT CO.,
LTD. DOOSAN INFRACORE CHINA CO., LTD. DOOSAN INFRACORE MACHINE TOOLS YANTAI CO.,
LTD. DOOSAN INFRACORE (SHANDONG) CO., LTD. DOOSAN INFRACORE SUZHOU CO., LTD. DOOSAN INTERNATIONAL MANUFACTURING CHINA
CO., LTD. DOOSAN INFRACORE JAPAN CORP. BOBCAT CORP. DOOSAN INFRACORE AMERICA CORP. DOOSAN BOBCAT CHILE S.A. DOOSAN INTERNATIONAL MEXICO S.A. DE C.V. DOOSAN INTERNATIONAL DO BRASIL COMMERCIAL
AND MARKET RELATED CONSULTING LTDA. DOOSAN INFRACORE SOUTH AMERICA INDUSTRIA E
COMERICO DE MAQUINAS DE CONSTRUCAO LTDA DOOSAN INFRACORE U.K., LTD. DOOSAN INFRACORE GERMANY GMBH. DOOSAN INFRACORE NORWAY AS DOOSAN INFRACORE INTERNATIONAL, INC. CLARK EQUIPMENT CO. BOBCAT EQUIPMENT LTD. DOOSAN HOLDINGS EUROPE LTD. DOOSAN INTERNATIONAL LUXEMBURG SARL |
|
Subsidiary |
DOOSAN INFRACORE EUROPE S.A. DOOSAN BOBCAT MANUFACTURING S.R.O. DOOSAN BOBCAT ENGINEERING S.R.O. DOOSAN INTERNATIONAL ITALIA S.R.L DOOSAN INTERNATIONAL UK LTD. CJSC DOOSAN INTERNATIONAL RUSSIA DOOSAN INTERNATIONAL SOUTH EAST ASIA PTE.
LTD. DOOSAN INTERNATIONAL CHINA CO., LTD. DOOSAN INFRACORE PORTABLE POWER (SHANGHAI)
CO., LTD. DOOSAN INTERNATIONAL SOUTH AFRICA LTD. DOOSAN INTERNATIONAL AUSTRALIA PTY LTD. DOOSAN INTERNATIONAL PORTABLE POWER OF
NETHERLANDS BV DOOSAN HOLDINGS INTERNATIONAL LTD. DOOSAN HOLDINGS GERMANY GMBH. DOOSAN BETEILIGUNGS GMBH. BOBCAT BENSHEIM GMBH. & CO. KG BOBCAT PARTS SERVICES GMBH. DOOSAN HOLDINGS FRANCE S.A.S. MONTABERT BOBCAT FRANCE S.A. BOBCAT LYON S.A.S. DOOSAN TRADING LTD. GOLDWAVE LTD. GEITH INTERNATIONAL LTD. GOLDWAVE HOLDINGS LTD. GEITH PATENTS LTD. GEITH INTERNATIONAL U.K. LTD. DOOSAN TECHNO HOLDING CO., LTD.(IRELAND) DOOSAN MARINE INDUSTRY (DALIAN) CO., LTD. DOOSAN HEAVY INDUSTRIES VIETNAM HAIPHONG
CO., LTD. |
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
-Technical Support MITSUBISHI HEAVY INDUSTRIES, LTD.(MHI:JAPAN) |
|
Sales/ Unit : KRW |
2010 |
2009 |
2008 |
|
Export |
3,529,109,807,022 |
3,799,702,426,678 |
3,697,902,607,612 |
|
Domestic |
2,649,224,790,384 |
2,479,778,278,229 |
2,011,756,962,567 |
|
Total |
6,178,334,597,406 |
6,279,480,704,907 |
5,709,659,570,179 |
(*)There are 2
cases filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting 180,151,000,000 KRW as of
06/30/’2015.
-------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.25 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.73.47sss |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.