|
Report No. : |
340919 |
|
Report Date : |
11.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
DOOSAN ENGINE CO., LTD. |
|
|
|
|
Registered Office : |
18, Gongdan-ro 21beon-gil, Seongsan-gu,
Changwon-si, Gyeongsangnam-do, Korea, 51561 |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Financials (as on) : |
30.06.2015 |
|
|
|
|
Date of Incorporation : |
30.12.1999 |
|
|
|
|
Com. Reg. No.: |
609-81-40128 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Internal Combustion Piston Engines |
|
|
|
|
No. of Employees : |
986 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Exist |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 ENGINE CO., LTD. (Korean Company Name : “두산엔진(주)”) |
|
Registered Address |
18, Gongdan-ro 21beon-gil, Seongsan-gu,
Changwon-si, Gyeongsangnam-do, Korea |
|
Building |
|
|
Zip Code |
51561 |
|
Tel |
+82-55-260-6000 |
|
Fax |
+82-55-282-0588 |
|
E-mail |
wookyu.kim@doosan.com;humjin.baek@doosan.com |
|
Website |
www.doosanengine.com |
|
Trading Address |
18, Gongdan-ro 21beon-gil, Seongsan-gu,
Changwon-si, Gyeongsangnam-do, Korea (Old Address System : 69-3, Sinchon-dong,
Changwon-si, Gyeongsangnam-do, Korea) |
|
Tel |
+82-55-260-6000 |
|
Fax |
+82-55-282-0588 |
|
Other Address-Geoje Office |
1, Aju-dong ,Geoje-si, Gyeongsangnam-do,
Korea |
|
Tel |
+82-55-682-2261 |
|
Fax |
+82-55-681-7427 |
|
Other Address-Busan Office |
29, Bongnae-dong 5-ga ,Yeongdo-gu, Busan,
Korea |
|
Tel |
+82-51-417-1388 |
|
Fax |
+82-51-410-8621 |
|
Type |
Export |
|
Industry |
Manufacture of Internal Combustion Piston Engines |
|
Main Business |
Diesel Engine, Diesel Power Generation, Ocean Plant Materials,
Environment Pollution Protection Equipment |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
12/30/1999 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Engines(26101500) |
|
Sell |
Diesel power plants(26131501) |
|
Sell |
Crankshaft |
|
Sell |
Turbocharger |
|
Name |
Kim Dong-Cheol |
|
Address |
|
|
Date of Birth |
06/27/1952 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
69,500,000,000 |
|||||||||||||||||||||
|
Employees |
986 |
|||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 082740) as of 01/05/2011 A Company of DOOSAN GROUP |
|||||||||||||||||||||
|
Bank Details |
KEB Hana Bank-Changwon Branch |
|||||||||||||||||||||
|
Corporate Registered No. |
194211-0038423 |
|||||||||||||||||||||
|
Business Registered No. |
609-81-40128 |
|||||||||||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 24023803 |
|||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||
|
Company History |
The engine business of Doosan Heavy
Industries & Construction (former Hanjung), launched in 1983 and that of
Samsung Heavy Industries, launched in 1994 were merged. In the merging
process, Daewoo Shipbuilding & Marine Engineering joined this new company
as a major shareholder. On January 1, 2000, Doosan Engine was officially set
up under the banner of Doosan with the first initial letters of these three
companies(HSD ENGINE CO., LTD.) 12/30/1999
Incorporated as HSD ENGINE CO., LTD. 03/31/2005 Changed company name to the
present name 11/2005 Awarded US$500 Million Export Top
Prize 11/2007 Awarded 1Billion Export Top Prize 12/29/2009 Increased capital to
62,500,000,000 KRW from 30,000,000,000 KRW |
|||||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
President & CEO |
Mr. |
Kim Dong-Cheol |
Korean |
1952.06.27 |
Seoul National University, Korea |
|
Executive Director |
Mr. |
Cho Yong-Joon |
Korean |
1963.11. |
Youngnam University, Korea |
|
Executive Director |
Mr. |
Sunwoo Myung-Hwan |
Korean |
1955.11. |
Kyungnam University, Korea |
|
Vice President & CFO |
Mr. |
Jang Myung-Ho |
Korean |
1964.02.07 |
Gyungbuk National Uiniversity, Korea |
|
Outside Director / Auditor |
Mr. |
Oh Se-Jong |
Korean |
1943.06.08 |
UC Berkley, USA |
|
Outside Director |
Mr. |
Jung Koo-Young |
Korean |
1938.11.12 |
Yonsei University, Korea |
|
Outside Director / Auditor |
Mr. |
Yoon Yong-Seok |
Korean |
1954.10. |
George Washington University, USA |
|
Outside Director |
Mr. |
Lee Jae-Young |
Korean |
1965.12. |
Washington University, USA |
|
Outside Director |
Mr. |
Song Ho-Geun |
Korean |
1956.01. |
Harvard University, USA |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
309,083,723,159 |
1,415,048,176,896 |
-18,248,868,586 |
|
|
(*)2014 |
887,764,719,542 |
1,469,042,556,167 |
-31,056,427,706 |
|
(*)2013 |
743,104,362,158 |
1,538,917,384,654 |
-6,151,839,103 |
|
(*)2012 |
1,377,618,958,445 |
1,672,968,308,719 |
54,366,505,061 |
|
(*)2011 |
2,005,949,262,462 |
2,051,480,611,768 |
209,636,479,757 |
|
(*)2010 |
1,831,615,390,618 |
2,229,611,103,972 |
266,059,737,115 |
|
2009 |
1,772,597,107,485 |
2,464,900,272,093 |
-249,695,256,019 |
|
2008 |
1,734,836,578,853 |
3,138,764,982,205 |
-512,779,968,953 |
|
2007 |
1,221,957,444,340 |
1,857,689,988,086 |
103,001,092,083 |
|
2006 |
1,016,816,117,889 |
934,211,090,107 |
52,418,002,030 |
|
2005 |
756,782,214,023 |
737,005,633,136 |
21,111,237,395 |
|
2004 |
588,395,875,988 |
637,788,986,998 |
3,111,534,708 |
|
2003 |
468,249,817,815 |
336,826,737,075 |
11,783,531,830 |
(*)Figures are based
on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
120,000,000,000 |
|
Paid-Up Capital(KRW) |
69,500,000,000 |
|
Total Issues Shares |
69,500,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
01/01/2015~06/30/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Total Assets |
1,415,048,176,896 |
1,469,042,556,167 |
1,538,917,384,654 |
|
Current
Assets |
390,215,565,732 |
432,289,553,017 |
486,070,488,542 |
|
Cash & Cash Equivalents |
9,137,839,601 |
40,970,489,949 |
41,258,747,154 |
|
Current Financial Instruments |
17,330,000,000 |
37,810,000,000 |
145,000,000,000 |
|
Marketable Financial Instruments |
|
7,000,000,000 |
|
|
Short-Term Receivables |
1,028,650,000 |
1,100,900,000 |
9,155,850,000 |
|
Trade Receivables & Other
Receivables |
45,045,960,499 |
73,073,305,809 |
25,511,680,236 |
|
Other Receivables-Construction |
13,619,509,712 |
12,999,974,380 |
10,720,649,184 |
|
Deferred Income Tax Assets |
717,977,732 |
1,059,722,158 |
1,136,878,000 |
|
Derivatives |
568,839,043 |
2,489,829,322 |
40,237,290,875 |
|
Confirmed Agreement Appraisal Assets |
56,675,415,731 |
41,236,094,869 |
20,346,022,821 |
|
Inventories |
237,223,137,096 |
197,396,445,146 |
176,548,148,458 |
|
Other Current Assets |
8,868,236,318 |
17,152,791,384 |
16,155,221,814 |
|
Non-Current
Assets |
1,024,832,611,164 |
1,036,753,003,150 |
1,052,846,896,112 |
|
Non-Current Financial Instruments |
1,940,168,551 |
1,934,858,690 |
1,803,167,918 |
|
Marketable Financial Instruments |
72,048,000 |
72,048,000 |
7,072,048,000 |
|
Investment_Related Companies |
363,994,143,560 |
363,994,102,690 |
363,994,102,690 |
|
Long-Term Receivables |
2,589,272,728 |
3,116,039,530 |
4,753,397,044 |
|
Other Long-Term Receivables |
10,335,002,791 |
10,701,073,220 |
9,693,320,091 |
|
Tangibles |
577,732,637,735 |
587,007,566,603 |
606,336,556,559 |
|
Intangibles |
48,532,095,139 |
41,679,003,150 |
24,908,539,891 |
|
Derivatives |
649,643,690 |
722,321,724 |
6,095,491,976 |
|
Confirmed Agreement Appraisal Assets |
16,440,885,601 |
25,860,296,653 |
26,435,478,337 |
|
Other Non-Current Assets |
2,546,713,369 |
1,665,692,890 |
1,754,793,606 |
|
Total
Liabilities |
787,230,057,043 |
823,023,434,772 |
858,981,797,869 |
|
Current
Liabilities |
458,777,116,283 |
513,205,062,339 |
527,886,844,781 |
|
Trade Payables & Other
Payables |
122,677,915,031 |
124,770,714,634 |
85,188,695,183 |
|
Other Payables-Construction |
13,905,197,691 |
14,568,457,756 |
3,773,450,411 |
|
Short-Term Borrowings |
15,000,000,000 |
3,857,092,800 |
|
|
Advance Receipts |
251,391,391,450 |
271,795,996,146 |
321,968,490,284 |
|
Current Portion of Long-Term
Debts |
|
50,000,000,000 |
63,318,000,000 |
|
Deferred Income Tax Credit |
|
|
3,822,392,136 |
|
Derivatives |
23,188,151,784 |
14,866,327,518 |
2,615,663,130 |
|
Confirmed Agreement Appraisal Debts |
17,985,916,627 |
14,768,025,920 |
34,731,375,957 |
|
Finance Guarantee Debts |
46,701,697 |
73,636,042 |
34,344,231 |
|
Provisions |
2,956,346,325 |
1,916,319,087 |
|
|
Other Current Liabilities |
11,625,495,678 |
16,588,492,436 |
12,434,433,449 |
|
Non-Current
Liabilities |
328,452,940,760 |
309,818,372,433 |
331,094,953,088 |
|
Long-Term Borrowings |
75,000,000,000 |
45,000,000,000 |
50,000,000,000 |
|
Debentures |
189,370,148,573 |
189,259,736,473 |
189,044,616,891 |
|
Other Long-Term Borrowings |
2,877,512,141 |
1,918,290,120 |
1,112,640,295 |
|
Confirmed Salaries |
13,510,442,954 |
11,865,665,028 |
10,608,946,661 |
|
Derivatives |
7,430,525,737 |
7,306,319,851 |
279,647,734 |
|
Confirmed Agreement Appraisal Debts |
5,547,443,286 |
13,108,076,384 |
21,394,738,642 |
|
Finance Guarantee |
4,199,498,301 |
4,581,819,663 |
2,942,780,895 |
|
Provisions |
1,734,908,117 |
1,949,715,661 |
10,097,900,058 |
|
Deferred Income Tax Credit |
28,782,461,651 |
34,828,749,253 |
45,613,681,912 |
|
Capital
Stock |
69,500,000,000 |
69,500,000,000 |
69,500,000,000 |
|
Capital Surplus |
367,214,701,425 |
367,214,701,425 |
367,214,701,425 |
|
Others |
598,026,329 |
550,159,285 |
355,389,958 |
|
Other General Accumulated Amounts |
36,190,732,192 |
36,207,539,902 |
36,207,539,902 |
|
Profit Surplus |
154,314,659,907 |
172,546,720,783 |
206,657,955,500 |
|
Total Equity |
627,818,119,853 |
646,019,121,395 |
679,935,586,785 |
|
Liab. & Shareholder’s Equity |
1,415,048,176,896 |
1,469,042,556,167 |
1,538,917,384,654 |
|
Income Statement |
|||
|
Unit : Korean Won |
01/01/2015~06/30/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Sales |
309,083,723,159 |
887,764,719,542 |
743,104,362,158 |
|
Cost of Sold Goods |
306,684,587,892 |
886,270,246,080 |
691,062,379,511 |
|
Gross Profit |
2,399,135,267 |
1,494,473,462 |
52,041,982,647 |
|
Selling & Admin. Expenses |
20,267,051,882 |
39,904,780,646 |
50,103,470,238 |
|
Operating Income |
-17,867,916,615 |
-38,410,307,184 |
1,938,512,409 |
|
Finance Income |
39,050,678,528 |
91,160,334,537 |
100,716,557,461 |
|
Finance Expenses |
45,900,491,873 |
93,987,658,722 |
104,139,106,746 |
|
Other Non-Operating Income |
4,166,626,696 |
1,960,947,370 |
4,932,998,497 |
|
Other Non-Operating Expenses |
3,744,052,924 |
2,688,873,049 |
8,682,574,295 |
|
Income Before Taxes |
-24,295,156,188 |
-41,965,557,048 |
-5,233,612,674 |
|
Income Taxes Expenses |
-6,046,287,602 |
-10,909,129,342 |
918,226,429 |
|
Net Income |
-18,248,868,586 |
-31,056,427,706 |
-6,151,839,103 |
|
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 |
-42,674,647,806 |
-82,341,543,086 |
-55,321,566,926 |
|
Cash Flows from Operating |
-39,360,219,313 |
-74,163,646,496 |
-32,633,243,128 |
|
Net Income |
-18,248,868,586 |
-31,056,427,706 |
-6,151,839,103 |
|
Adjustment |
15,573,882,912 |
24,071,126,445 |
3,596,792,680 |
|
Changes in Asset/ & Liability |
-36,685,233,639 |
-67,178,345,235 |
-30,078,196,705 |
|
Interests Received |
1,341,174,992 |
4,777,756,405 |
6,814,938,658 |
|
Interests Paid |
-4,997,947,911 |
-10,309,894,777 |
-10,120,201,101 |
|
Dividends Received |
600,000 |
|
826,620 |
|
Income Taxes |
341,744,426 |
-2,645,758,218 |
-19,383,887,975 |
|
Cash
Flows from Investing |
19,666,234,053 |
96,461,068,107 |
6,565,877,613 |
|
Cash Inflow from Investing |
28,759,187,727 |
118,455,575,235 |
30,369,738,965 |
|
Cash Outflows for Investing |
-9,092,953,674 |
-21,994,507,128 |
-23,803,861,352 |
|
Cash
Flows from Financing |
-8,857,092,800 |
-14,460,907,200 |
-4,672,895,145 |
|
Cash Inflows from Financing |
41,142,907,200 |
48,857,092,800 |
89,421,600,000 |
|
Cash Outflows from Financing |
-50,000,000,000 |
-63,318,000,000 |
-94,094,495,145 |
|
Increase/Decrease
in Cash |
-31,832,650,348 |
-288,257,205 |
-53,419,794,742 |
|
Cash at
the Beginning of Year |
40,970,489,949 |
41,258,747,154 |
94,678,541,896 |
|
Cash at
the End of Year |
9,137,839,601 |
40,970,489,949 |
41,258,747,154 |
|
Main Products & Services |
The Subject
Company, an integrated engine manufacturer, is a business enterprise
specializing in producing diesel engine for large vessels, called the heart
of the sea and power generation. Diesel Engine for
Large Vessels Marine Diesel
Engine Diesel Power
Plant |
||||||||
|
Annual Production Capacity (Unit: Thousand H/P) |
|
||||||||
|
Technologies Acquired |
|
|
Suppliers |
DOOSAN MARINE INDUSTRY (DALIAN) CO., LTD. |
|
Customers |
SAMSUNG HEAVY INDUSTRIES
CO.,LTD(110111-0168595) HANJIN HEAVY INDUSTRIES & CONSTRUCTION
CO.,LTD (180111-0602507) DAEWOO SHIPBUILDING & MARINE
ENGINEERING CO., LTD. (110111-2095837) HUDONG-ZHONGHUA ZHEJIANG OUHUA DSIC |
|
Competitors |
HYUNDAI HEAVY INDUSTRIES
CO.,LTD(181211-0000386) STX ENGINE CO,.LTD(194211-0066763) |
|
Affiliates-Domestic |
DOOSAN CORPORATION(110111-0013774) DOOSAN HEAVY INDUSTRIES & CONSTRUCTION
CO.,LTD(194211-0000943) DOOSAN INFRACORE CO., LTD.(120111-0234469) (6.03% held by the subject company) DOOSAN ENGINE CO., LTD(194211-0038423) DOOSAN MECATEC CO., LTD.(110111-0126022) N.SHAPER CO., LTD .(110111-1943574) ORICOM INC(110111-0176986) DOOSAN DONG-A CO., LTD.(110111-3977117) DOOSAN CO., LTD.(110111-0013774) SRS KOREA CO., LTD.(110111-3139733) DOOSAN FEED & LIVESTOCK CO.,
LTD.(110111-3809138) DOOSAN WINE SALES CO., LTD.(110111-3942582) SAMHWA CROWN & CLOSURE CO.,
LTD.(134111-0003462) DOOSAN MOTTROL CO., LTD.(194211-0000274) DOOSAN CONSTRUCTION & ENGINEERING CO.,
LTD.(110111-0194277) NEO TRANS CO., LTD.(131111-0141801) DOOSAN TOWER CO., LTD.(110111-1722499) DOOSAN MOTORS CORP.(110111-3008293) DONG HYUN ENGINEERING CO.,
LTD.(110111-0508329) NEOPLUX CO., LTD.(110111-1927841) DOOSAN CAPITAL CO., LTD.(110111-1220336)
19.99% 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) DIP HOLDINGS CO., LTD.(110111-4103076) CASCO CO., LTD.(210111-0047938) (16.21% held by the subject company) |
|
Affiliates-Overseas |
DOOSAN MARINE INDUSTRY (DALIAN) CO., LTD.(DMI:
CHINA) DAGUSHAN NANGANG INDUSTRY PARK, DEVELOPMENT
ZONE, DALIAN, P.R. CHINA TEL :+86 411 8751 7957 FAX :+86 411 8751
7956 DALIAN SAMYOUNG DOOSAN METAL PRODUCT CO., LTD.(DSDM : CHINA) (10.80% held by the subject company) DOOSAN HOLDINGS EUROPE LTD.(DHEL) (21.73% held by the subject company) DOOSAN INFRACORE INTERNATIONAL, INC.(DII) (11.59% held by the subject company) |
|
Overseas Office |
EUROPE BRANCH HEIDENKAMPSWEG, 100, 8. OG 20097 HAMBURG,
GERMANY TEL:+49-40-2533-5656 FAX:+49-40-2533-5661 SINGAPORE BRANCH 78, SHENTON WAY, #16-04, SINGAPORE 079120 TEL:+65-6222-5515 FAX:+65-6222-5525 SHANGHAI BRANCH 828, HUA DU MANSION 14F 1200M E, ZHANG YANG
ROAD, PUDONG, SHANGHAI, CHINA TEL: 22-6875-0876 FAX: 22-6875-0864 DALIAN HANJUNG-DMD INDUSTRY CO., LTD.
(CHINA) |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
DOOSAN MARINE INDUSTRY (DALIAN) CO., LTD.(CHINA) (100.0% held by the
subject company) DOOSAN ENGINE PNG CO., LTD.( DEPNG : PAPUA NEW GUINEA) (100.0% held by the
subject company) |
|
Corporate Ownership |
DOOSAN CORPORATION(110111-0013774) DOOSAN HEAVY INDUSTRIES & CONSTRUCTION
CO.,LTD(194211-0000943) |
|
Major Shareholders |
DOOSAN HEAVY INDUSTRIES &
CONSTRUCTION CO.,LTD(194211-0000943) |
|
Cooperative Enterprise |
-Technical Support from MAN DIESEL A/S WARTSILA MAN DIESEL SE SEMT PIELSTICK MITSUBISHI HEAVY INDUSTRIES ABB TURBO SYSTEM MAN DIESEL & TURBO FRANCE SAS DAIHATSU DIESEL MFG. -Insured Company DONGBU INSURANCE CO., LTD.(110111-0095285) MERITZ FIRE & MARINE INSURANCE CO., LTD.(110111-0013328) |
|
Sales/ Unit : KRW |
2010 |
2009 |
2008 |
|
Export |
1,662,011,000,000 |
1,662,960,876,756 |
1,668,434,187,027 |
|
Domestic |
68,057,000,000 |
109,636,230,729 |
66,402,391,826 |
|
Total |
1,730,068,000,000 |
1,772,597,107,485 |
1,734,836,578,853 |
The Subject exports to China and Europe.
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
Seoul Central District Court |
Steamar Transportes Maritimos LDA & Others(1) |
The Subject Company & Others(1) |
Claim for Compensation form Damages |
USD 125,163 EUR 266,865 |
1st round is proceeding |
|
|
Court in Greece |
GAEI(GUAM ADVANCE ENTERPRISES, INC.) |
The Subject Company |
Related to Chios Diesel Power Plant |
Euro3,059,635 |
1st
round is proceeding |
|
|
Changwon District Court, Korea |
Kim Kyung-Ho & Others(59) |
The Subject Company |
Related to Salaries |
396,610,000 |
Proceeding |
|
|
Changwon District Court, Korea |
Lee Sang-Woo & Others(461) |
The Subject Company |
Related to Salaries |
2,310,000,000 |
Proceeding |
-----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.58 |
|
|
1 |
Rs.102.29 |
|
Euro |
1 |
Rs.74.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
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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.