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MIRA
INFORM REPORT
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Report No. : |
487419 |
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Report Date : |
20.01.2018 |
IDENTIFICATION DETAILS
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Name : |
LG HAUSYS, LTD. |
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Registered Office : |
10, Gukjegeumyung-Ro, Yeongdeungpo-Gu,
Seoul, One IFC Bldg., Korea 07326 |
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Country : |
South Korea |
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|
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Financials (as on) : |
30.09.2017 |
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Date of Incorporation : |
02.04.2009 |
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Com. Reg. No.: |
107-87-18122 |
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|
|
|
Legal Form : |
Listed Company |
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|
|
|
Line of Business : |
· Manufacture of Plastic Windows and Doors · Manufacture of Wall and Floor Coverings of Plastics |
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No. of Employees : |
3,020 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRAs Rating : |
A++ |
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
South Korea |
A1 |
A1 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SOUTH KOREA - ECONOMIC OVERVIEW
After emerging from the 1950-53 war with North Korea, South Korea emerged as one of the 20th centurys most remarkable economic success stories, becoming a developed, globally connected, high-technology society within decades. In the 1960s, GDP per capita was comparable with levels in the poorest countries in the world. In 2004, South Korea joined the trillion-dollar club of world economies.
Beginning in the 1960s under President PARK Chung-hee, the government promoted the import of raw materials and technology, encouraged saving and investment over consumption, kept wages low, and directed resources to export-oriented industries that remain important to the economy to this day. Growth surged under these policies, and frequently reached double-digits in the 1960s and 1970s. Growth gradually moderated in the 1990s as the economy matured, but remained strong enough to propel South Korea into the ranks of the advanced economies of the OECD by 1997. These policies also led to the emergence of family-owned chaebol conglomerates such as Daewoo, Hyundai, and Samsung, which retained their dominant positions even as the government loosened its grip on the economy amid the political changes of the 1980s and 1990s.
The Asian financial crisis of 1997-98 hit South Koreas companies hard because of their excessive reliance on short-term borrowing, and GDP ultimately plunged by 7% in 1998. South Korea tackled difficult economic reforms following the crisis, including restructuring some chaebols, increasing labor market flexibility, and opening up to more foreign investment and imports. These steps lead to a relatively rapid economic recovery. South Korea also began expanding its network of free trade agreements to help bolster exports, and has since implemented 16 free trade agreements covering 58 countriesincluding the United State and Chinathat collectively cover more than three-quarters of global GDP.
In 2017, the election of President MOON Jae-in brought a surge in consumer confidence, in part, because of his successful efforts to increase wages and government spending. These factors combined with an uptick in export growth to drive real GDP growth to more than 3%, despite disruptions in South Koreas trade with China over the deployment of a US missile defense system in South Korea.
In 2018 and beyond, South Korea will contend with gradually slowing economic growth - in the 2-3% range - not uncommon for advanced economies. This could be partially offset by efforts to address challenges arising from its rapidly aging population, inflexible labor market, continued dominance of the chaebols, and heavy reliance on exports rather than domestic consumption. Socioeconomic problems also persist, and include rising inequality, poverty among the elderly, high youth unemployment, long working hours, low worker productivity, and corruption.
|
Source
: CIA |
Basic Information
|
Company Name |
LG HAUSYS, LTD. |
|
Registered Address |
10, Gukjegeumyung-ro, Yeongdeungpo-gu,
Seoul, Korea |
|
Building |
One IFC Bldg. |
|
Zip Code |
07326 |
|
Tel |
+82-2-3777-1114 |
|
Fax |
+82-2-3773-7040 |
|
E-mail |
hysind@lghausys.com;kbrmiki@lghausys.com;puruz@lghausys.com mcchun@lghausys.com;alexandre@lghausys.com;jmohb@lghausys.com lgchem@lghausys.com;shminb@lghausys.com |
|
Website |
www.lghausys.co.kr |
|
Trading Address |
One IFC Bldg., 10, Gukjegeumyung-ro, Yeongdeungpo-gu,
Seoul, Korea (Old Address System : One IFC Bldg., 23,
Yeouido-dong, Yeongdeungpo-gu, , Seoul, Korea) |
|
Tel |
+82-2-3777-1114 |
|
Fax |
+82-2-3773-7813 |
|
Other Address-Cheongju Factory |
150,Songjeong-dong, Heungdeok-gu, Cheongju-si,
Chungbuk-do 361-721 Korea |
|
Tel |
+82-43-261-7114 |
|
Fax |
+82-43-261-7136 |
|
Other Address-Ulsan Factory |
388, Mangyang-ri, Onyang-eup, Ulju-gun,
Ulsan 689-901 Korea |
|
Tel |
+82-52-231-4114 |
|
Fax |
+82-52-231-4382 |
|
Other Address-Onsan Factory |
580, Hwasan-ri, Onsan-eup, Jlju-gun, Ulsan
689-896 Korea |
|
Tel |
+82-52-231-5114 |
|
Fax |
+82-52-231-5007 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Plastic Windows and Doors |
|
Main Business |
PVC Window & Doors, Flooring Materials, Wallpaper, Artificial
Marble, Woods, Deco Sheet, Mats, Tarpaulin, Upholstery Material for Sofa,
Automotive Components, AL Window |
|
Sub
Business |
Manufacture of Wall and Floor Coverings of Plastics |
|
Established (mm/dd/yyyy) |
04/02/2009 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Films(13111200) |
|
Sell |
Pipe(40142100) |
|
Sell |
Transportation components and
systems(25170000) |
|
Sell |
Synthetic or imitation leather(11162307) |
|
Sell |
Flooring(30161700) |
|
Sell |
Wall finishing materials(30161500) |
|
Sell |
Restroom partitions(30181508) |
|
Sell |
Films(13111200) |
|
Sell |
Tiles and flagstones(30131700) |
|
Sell |
Window frames(30171900) |
|
Sell |
Doors(30171500) |
|
Sell |
Rugs and mats(52101500) |
|
Sell |
Door frames(30171507) |
|
Sell |
Billboard advertising(82101501) |
|
Sell |
Additives(12160000) |
|
Sell |
Heating equipment and parts and
accessories(40101800) |
|
Sell |
Molding(30161906) |
CEOs
|
Name |
Oh Jang-Soo |
|
Date of Birth |
11/30/1954 |
|
Title |
President & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
50,000,000,000 |
||||||||||||||||||||||||
|
Employees |
3,020 |
||||||||||||||||||||||||
|
Formation |
Listed Company(Korea Stock Exchange : 108670) as of 04/20/2009 A Company of LG Business Group |
||||||||||||||||||||||||
|
Bank Details |
Woori Bank-Twin Tower Branch KEB Hana Bank Kookmin Bank |
||||||||||||||||||||||||
|
Corporate Registered No. |
110111-4071207 |
||||||||||||||||||||||||
|
Business Registered No. |
107-87-18122 |
||||||||||||||||||||||||
|
Permit & Licenses |
Intl Trade No.: 30646627 |
||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||
|
Company History |
04/01/2009 Spin off from LG CHEM LTD.(110111-2207995) by
taking the Industrial Material Business Division 04/02/2009 Incorporated as LG HAUSYS,
LTD.(110111-4071207) 10/24/2011 Moved to the present HQ address from 7th Fl., LG Twin
Tower, 20, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea 11/04/2016 Acquired HAUSYS INTERPANE, LTD.(230111-0168798) 08/31/2016 Transferred Pressure-Sensitive Adhesive Film Business to LG
CHEM LTD.(110111-2207995) |
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
President & CEO |
Oh Jang-Soo |
Korean |
11/30/1954 |
03/15/2013 |
|
Chairman |
Ha Hyun-Hoi |
Korean |
12/18/1956 |
03/13/2015 |
|
Director & CFO |
Sung Ki-Sub |
Korean |
04/03/1959 |
03/10/2017 |
|
Director |
You Ji-Young |
Korean |
10/02/1962 |
03/18/2011 |
|
Outside Director / Auditor |
Kim Young-Ik |
Korean |
04/18/1959 |
03/24/2016 |
|
Outside Director / Auditor |
Kim Jin-Kon |
Korean |
12/05/1957 |
03/13/2015 |
|
Outside Director / Auditor |
Bae Jong-Tae |
Korean |
12/25/1959 |
03/13/2015 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2,098,707,000,000 |
2,282,750,000,000 |
63,218,000,000 |
|
|
2016 |
2,490,561,000,000 |
1,918,101,000,000 |
75,708,000,000 |
|
2015 |
2,288,473,000,000 |
1,890,659,000,000 |
67,671,000,000 |
|
2014 |
2,440,439,000,000 |
1,781,223,000,000 |
57,844,000,000 |
|
2013 |
2,285,965,000,000 |
1,713,858,000,000 |
70,826,000,000 |
|
2012 |
2,073,996,000,000 |
1,535,955,000,000 |
43,109,000,000 |
|
2011 |
2,067,165,000,000 |
1,641,318,000,000 |
40,534,000,000 |
|
2010 |
1,939,116,000,000 |
1,381,484,000,000 |
41,490,000,000 |
|
2009 |
1,440,890,000,000 |
1,315,122,000,000 |
23,267,000,000 |
Financial Description
|
Authorized Capital(KRW) |
175,000,000,000 |
|
Paid-Up Capital(KRW) |
50,000,000,000 |
|
Total Issues Shares |
10,000,000(Common : 8,967,670, Preferable : 1,032,330) |
|
Balance Sheet |
|||
|
Unit : Million Korean Won |
01/01/2017~09/30/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Total
Assets |
2,282,750 |
1,918,101 |
1,890,659 |
|
Current Assets |
1,058,420 |
821,218 |
798,771 |
|
Cash
& Cash Equivalents |
194,446 |
85,075 |
145,077 |
|
Trade
Receivables |
587,363 |
532,625 |
431,219 |
|
Other
Receivables |
100,596 |
47,034 |
53,214 |
|
Other
Current Assets |
10,018 |
5,687 |
10,363 |
|
Inventories |
165,997 |
150,797 |
158,898 |
|
Non-Current Assets |
1,224,330 |
1,096,883 |
1,087,040 |
|
Long-Term
Trade Receivables |
632 |
628 |
611 |
|
Other
Long-Term Receivables |
33,417 |
32,911 |
32,318 |
|
Non-Current
Financial Instruments |
4,439 |
4,240 |
3,062 |
|
Investment_Subsidiaries |
143,445 |
143,445 |
167,387 |
|
Investment_Related
Companies |
56,205 |
7,791 |
7,791 |
|
Deferred
Income Tax Assets |
15,166 |
14,921 |
10,246 |
|
Other
Non-Current Assets |
1,450 |
1,549 |
1,555 |
|
Tangibles |
928,954 |
850,074 |
824,554 |
|
Intangibles |
40,622 |
40,552 |
39,516 |
|
Confirmed Salaries |
0 |
772 |
0 |
|
Total Liabilities |
1,296,048 |
975,572 |
999,436 |
|
Current Liabilities |
675,035 |
514,335 |
423,352 |
|
Trade Payables |
227,623 |
168,100 |
145,123 |
|
Account
Payables |
262,593 |
197,610 |
147,902 |
|
Short-Term
Borrowings |
149,977 |
99,929 |
99,911 |
|
Other
Current Financial Debts |
927 |
2,198 |
1,512 |
|
Provisions |
4,537 |
3,807 |
1,956 |
|
Accrued
Income Tax |
15,396 |
20,381 |
14,458 |
|
Other
Current Liabilities |
13,982 |
22,310 |
12,490 |
|
Non-Current Liabilities |
621,013 |
461,237 |
576,084 |
|
Long-Term
Trade Payables & Other Payables |
11,192 |
10,793 |
11,574 |
|
Long-Term
Borrowings |
591,626 |
448,907 |
548,464 |
|
Non-Current Finance Debts |
1,205 |
1,537 |
1,047 |
|
Provision
for Severance & Retirement |
16,990 |
0 |
14,999 |
|
Capital Stock |
50,000 |
50,000 |
50,000 |
|
Capital
Surplus |
621,304 |
621,304 |
621,304 |
|
Others |
-17,529 |
-17,529 |
-2,000 |
|
Installments |
-651 |
-498 |
-785 |
|
Profit
Surplus |
333,578 |
289,252 |
222,704 |
|
Total
Equity |
986,702 |
942,529 |
891,223 |
|
Liab.
& Shareholders Equity |
2,282,750 |
1,918,101 |
1,890,659 |
|
Income Statement |
|||
|
Unit : Million Korean Won |
01/01/2017~09/30/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Sales |
2,098,707 |
2,490,561 |
2,288,473 |
|
Cost
of Sold Goods |
1,617,437 |
1,866,647 |
1,710,709 |
|
Gross
Profit |
481,270 |
623,914 |
577,764 |
|
Selling
& Admin. Expenses |
383,844 |
498,256 |
454,943 |
|
Operating
Income |
97,426 |
125,658 |
122,821 |
|
Non-Operating
Profits |
14,794 |
21,285 |
24,666 |
|
Other
Non-Operating Income |
12,450 |
24,016 |
20,287 |
|
Other
Non-Operating Expenses |
16,063 |
28,886 |
30,038 |
|
Finance
Income |
2,445 |
3,105 |
2,896 |
|
Finance
Expenses |
13,626 |
19,520 |
17,811 |
|
Income
Before Taxes from Continues Business |
82,632 |
104,373 |
98,155 |
|
Income
Taxes from Continues Business |
19,305 |
23,973 |
20,299 |
|
Income
from Continues Business |
63,327 |
80,400 |
77,856 |
|
Income
from Stopped Business |
-109 |
-4,692 |
-10,185 |
|
Net
Income |
63,218 |
75,708 |
67,671 |
|
Cash Flows |
|||
|
Unit : Million Korean Won |
01/01/2017~09/30/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Operating
Activities Cash Flows |
139,951 |
144,378 |
48,027 |
|
Cash
Flows from Operating |
175,530 |
183,919 |
79,305 |
|
Interests
Received |
1,245 |
2,716 |
2,679 |
|
Interests
Paid |
-13,469 |
-20,718 |
-18,284 |
|
Income
Tax |
-24,206 |
-25,559 |
-15,689 |
|
Dividends
Received |
851 |
4,020 |
16 |
|
Cash Flows from Investing |
-204,546 |
-51,218 |
-153,370 |
|
Cash
Inflow from Investing |
54,289 |
|
|
|
Cash
Outflows for Investing |
-258,835 |
|
|
|
Cash Flows from Financing |
174,428 |
-152,398 |
149,325 |
|
Cash
Inflows from Financing |
197,783 |
|
|
|
Cash
Outflows from Financing |
-23,355 |
|
|
|
Increase/Decrease in Cash |
109,833 |
-59,238 |
43,982 |
|
Cash at the Beginning of Year |
85,075 |
145,077 |
101,422 |
|
Cash at the End of Year |
194,446 |
85,075 |
145,077 |
Products, Technologies, Services Description
|
Main Products & Services |
Window Materials -PVC Window -Aluminum Windows Interior Materials -Flooring -Wallpapers and Hi-Macs Highly-Functional Materials -Surface Materials -Car Parts |
Trade Partners & Competitors
|
Suppliers |
LG CHEM LTD.(110111-2207995) LG MMA CORPORATION(206211-0001805) |
|
Customers |
-- |
|
Competitors |
KUMO HITECH CORPORATION 218-6, YONGAM-RI, EUNHYEON-MYEON,
YANGJU-SI, GYEONGGI-DO, KOREA TEL:+82-31-861-5300 FAX:+82-31-862-1254 PNS THEZONE P.V.C WINDOW & DOOR CO.,
LTD. 272-7, HAKJANG-DONG, SASANG-GU, BUSAN,
KOREA TEL:+82-51-316-5900 FAX:+82-51-315-0777 SHINE SYSTEM CO., LTD. GUEMSEONG NONG GONG DANJI, 749, HASIN-RI,
GEUMSEONG-MYEON, GEUMSAN-GUN, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-753-8610 FAX:+82-41-754-8614 |
Related Parties (Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
LG CORP.(110111-0003543) LG ELECTRONICS INC.(110111-2487050) LG DACOM CORPORATION(110111-0315948) LG INTERNATIONAL CORP(110111-0004632) LG CHEM LTD.(110111-2207995) LG HOUSEHOLD & HEALTH CARE
LTD.(110111-2208000) LG LIFE SCIENCES CO., LTD.(110111-2581183) LG DISPLAY CO., LTD.(110111-0393134) LG TELECOM CO., LTD.(110111-1296676) LG INNOTEK CO., LTD.(110111-0192180) LG MICRON LTD.(175311-0001075) LG DOW POLYCARBONATE CO., LTD.(206211-0014519) LG CNS CO., LTD.(110111-0516695) LG SPORTS CO., LTD.(110111-0359300) LG MANAGEMENT DEVELOPMENT INSTITUTE CO.,
LTD.(110111-0423494) SILTRON INCORPORATED(175311-0001348) LG MMA CORPORATION(206211-0001805) DACOM MULTIMEDIA INTERNET CORPORATION(110111-1905441) DACOM CROSSING CORPORATION(110111-2234683) SERVEONE(110111-2411520) LG N SYS CO., LTD.(110111-2397027) HIPLAZA CO., LTD.(131111-0028801) LG POWERCOM CORPORATION(110111-1863889) HI BUSINESS LOGISTICS CO.,LTD. V-ENS CO., LTD.(120111-0334897) LUSEM CO., LTD.(176011-0038073) CS LEADER CO., LTD.(110111-2271924) AIN TELE SERVICE CO., LTD.(180111-0367581) BIZ TECH & EKTIMO CO.,
LTD.(110111-2689507) LG SOLAR ENERGY INC.(110111-3759408) COCA-COLA BEVERAGE CO.,
LTD.(110111-1342130) UCESS PARTNERS CO., LTD.(110111-3798026) SYSTEM AIR-CON ENGINEERING
INCORPORATION(110111-3371989) JIHEUNG CO., LTD.(180111-0630053) CS ONE PARTNER CORPORATION(110111-3961756) SEETECH CO., LTD. TWIN WINE CO., LTD.(110111-3791129) KOREA COMMERCIAL VEHICLE CO., LTD.(200111-0105200) GIOVINE CO., LTD.(110111-3942714) PIXDIX CO., LTD.(110111-3947657) LG HAUSYS, LTD.(110111-4071207) LG TOSTEM BM CO., LTD.(110111-4080688) (50.0% held by the subject company) |
|
Affiliates-Overseas-Factory |
LG HAUSYS TIANJIN CO., LTD. 12,QUANFA ROAD, WUQING DEV AREA, TIANJIN HITECH
INDUSTRY ZONE, TIANJIN, CHINA LG HAUSYS (WUXI) CO., LTD. NO.2 HONG XIANG ROAD, WUXI NEW DISTRICT, JIANGSU
P.R. CHINA 214145 LG HAUSYS AMERICA, INC. 310 LG DRIVE, ADAIRSVILLE , GA 30103 |
|
Affiliates-Overseas-Sales |
LG HAUSYS AMERICA, INC. 900 CIRCLE 75 PARKWAY, SUITE 1500, ATLANTA, GA
30339 LG HAUSYS TRADING CO, LTD. 19F MAGNOLIA PLAZA NO.777 HONGQIAO ROAD, XUHUI
DISTRICT, SHANGHAI, CHINA 200030 LG HAUSYS EUROPE GMBH LYONER STR. 15 ATRICOM C6, D/60528 FRANKFURT AM
MAIN, GERMANY LG HAUSYS RUS, LLC LESNAYA PLAZA 8TH FLOOR, 4, 4TH LESNOY PEREULOK,
MOSCOW, 125047, RUSSIA LG HAUSYS INDIA PVT. LTD. DELTA TOWER , 6TH FLOOR, PLOT NO. 54, SECTOR 44
GURGAON, HARYANA-122002, INDIA |
|
Affiliates-Overseas |
LG INNOTEK HUIZHOU CO.,LTD SERVEONE(NANJING) COMPANY LIMITED ARCELIC-LG KLIMA SANAYI VE TICARTE
A.S(LGEAT) BEIJING LG HOUSEHOLD CHEMICAL CO., LTD. CCKBC(NETHERLANDS)HOLDING Ⅰ BV CCKBC(NETHERLANDS)HOLDING Ⅱ BV COMPACT POWER INC. DACOM AMERICA INC. DE ZWARTE PONK B.V.(DZP) EIC PROPERTIES PTE.LTD. ELECTROMAGNETICA GOLDSTAR S.R.L EPC MUNAI LLP FOSCO B.V. GFTZ LG INTERNATIONAL LTD. GLOBAL PROFESSIONAL SOURCING CO., LTD GUANGZHOU NEW VISION TECHNOLOGY RESEARCH
AND DEVELOPMENT LIMITED HANGZHOU LG COSMETICS CO., LTD. HI LOGISTICS CHINA HI LOGISTICS EUROPE B.V. LANCHAO LG(YANTAI)DIGITAL MOBILE TECH&
DEVELOP.CO. INSPUR LG DIGITAL MOBILE
COMMUNICATIONS.CO., LTD. LG (TIMOR SEA 06-102) LTD LG (YANTAI) INFORMATION & COMMUNICATION
TECH. LG ALINA ELECTONICS(LGERI) LG CHEM BRASIL INTERMEDICAO DE NEGOCIOS DO
SETOR QUIMICO LTDA. LG CHEM DISPLAY MATERIAL CO., LTD LG CHEM EUROPE GMBH LG CHEM INDUSTRIAL MATERIALS INC. LG CHEM POLAND SP. Z O. O. LG CHEM TAIWAN, LTD. LG CHEM(CHINA)INVESTMENT CO.,LTD. LG CHEM(NANJING) INFO & ELECTRONIC
MATERIALS CO. LTD LG CHEM(TIANJIN) ENGINEERING PLASTICS CO.,
LTD LG CHEMICAL AMERICA INC. LG CHEMICAL HONG KONG LTD. LG CHEMICAL INDIA PRIVATE LTD. LG CHEMICAL TRADING CO., LTD LG CHEMICAL(GUANGZHOU) ENGINEERING PLASTICS
CO.,LTD LG CNS AMERICA, INC LG CNS BRASIL SERVICOS DE T.I.LTDA LG CNS CHINA, INC LG CNS EUROPE B.V LG CNS GLOBAL PRIVATE LIMITED |
|
Affiliates-Overseas |
LG ELECTRONICS RUS-MARKETING, LLC LG ELECTRONICS S.A.(PTY) LTD. (LGESA) LG ELECTRONICS SINGAPORE PTE LTD LG ELECTRONICS TAIWAN TAIPEI CO., LTD. LG ELECTRONICS THAILAND CO.,LTD.(LGETH) LG ELECTRONICS TIANJIN APPLIANCES CO., LTD. LG ELECTRONICS TICARET A.S LG ELECTRONICS UKLAINE LG ELECTRONICS UNITED KINGDOM LTD. (LGEUK) LG ELECTRONICS USA INC. (LGEUS) LG ELECTRONICS VIETNAM LTD. (LGESV) LG ELECTRONICS WALES LTD. (LGEWA) LG ELECTRONICS WROCLAW SP. ZO.O LG ELECTRONICS(CHINA) RESEARCH AND
DEVELOPMENT CENTER CO., LTD LG H&H TRADING(SHANGHAI) CO.LTD. LG HOLDINGS LTD. (LGHK) LG HOUSEHOLD & HEALTH CARE AMERICA, INC LG INNOTEK MEXICALI S.A. DE C.V LG INNOTEK POLAND SP. ZO.O. LG INNOTEK USA INC. LG INNOTEK YANTAI CO., LTD LG INTERNATIONAL AMERICA INC. LG INTERNATIONAL CORP.(SINGAPORE) PTE. LTD. LG INTERNATIONAL JAPAN LTD. LG INTERNATIONAL INVESTMENT (CANADA) LTD. LG INTERNATIONAL SAUDI LLC LG INTERNATIONAL(AUSTRALIA) PT'S, LTD. LG INTERNATIONAL(DEUTCHLAND) GMBH LG INTERNATIONAL(HK) LIMITED LG INTERNATIONAL(U.K.) LTD. LG LIFE SCIENCES INDIA PVT,LTD LG LIFE SCIENCES POLAND, LTD LG MICRON(FUJIAN) ELECTRONICS CO.,LTD LG MICRON(TAIWAN) LTD. LG MITR ELECTRONICS CO., LTD. (LGEMT) LG PHILIPS LCD AMERICA INC. LG PHILIPS LCD GERMANY GMBH LG PHILIPS LCD HONGKONG CO.,LTD LG PHILIPS LCD JAPAN CO.LTD. LG PHILIPS LCD NANJING CO. LTD LG.PHILIPS LCD SHENZEN CO., LTD. LG PHILIPS LCD TAIWAN CO. LTD. (LGPLT) |
|
Affiliates-Overseas |
LG CNS JAPAN, INC LG CNS PHILIPINES, INC LG ELCTRONICS NORWAY AS LG ELECTONICS HUIZHOU LTD. LG ELECTRONICS (KUNSHAN) COMPUTER CO., LTD. LG ELECTRONICS (LEVANT) - JORDAN LG ELECTRONICS (NANJING) PLASMA CO., LTD LG ELECTRONICS (SHENYANG) INC.(LGESY) LG ELECTRONICS AFRICA LOGISTICS FZE LG ELECTRONICS ALAMABA, INC. (LGEAI) LG ELECTRONICS ALMATY KAZAK CO.,
LTD.(LGEAK) LG ELECTRONICS ARGENTINA S.A.(LGEAR) LG ELECTRONICS AUSTRALIA PTY., LTD. (LGEAP) LG ELECTRONICS AUSTRIA GMBH LG ELECTRONICS BENELUX SALES B.V. LG ELECTRONICS CANADA,INC. (LGECI) LG ELECTRONICS CHINA CO., LTD. (LGECH) LG ELECTRONICS COLOMBIA, LTDA.(LGECB) LG ELECTRONICS CZECH S.R.O. LG ELECTRONICS DA AMAZONIA LTDA (LGEAZ) LG ELECTRONICS DE SAO PAULO LTDA. (LGESP) LG ELECTRONICS DEUTSCHLAND.GMBH. (LGEDG) LG ELECTRONICS EGYPT CARIO S.A.E (LGEEC) LG ELECTRONICS EGYPT S.A.E. (LGEEG) LG ELECTRONICS ESPANA S.A. (LGEES) LG ELECTRONICS EUROPEAN HOLDINGS B.V. LG ELECTRONICS EUROPEAN LOGISTICS & SERVICES
B.V. LG ELECTRONICS EUROPEAN SHARED SERVICE
CENTER B.V. LG ELECTRONICS FRANCE S.A.R.L. LG ELECTRONICS GULF FZE (LGEGF) |
|
Affiliates-Overseas |
LG ELECTRONICS HELLAS S.A LG ELECTRONICS HK LTD.(LGEHK) LG ELECTRONICS INC. CHILE LIMITADA LG ELECTRONICS INDIA (PVT.) LTD. (LGEIL) LG ELECTRONICS ITALY S.P.A. (LGEIS) LG ELECTRONICS JAPAN INC. (LGEJP) LG ELECTRONICS JIT EUROPE B.V LG ELECTRONICS LATVIA LLC LG ELECTRONICS MAGYAR KFT. (LGEMK) LG ELECTRONICS MALAYSIA SDN. BHD.(LGEML) LG ELECTRONICS MEXICALI, S. A. DE C. V.
(LGEMX) LG ELECTRONICS MEXICO S.A. DE C.V (LGEMS) LG ELECTRONICS MIDDLE EAST CO., LTD. LG ELECTRONICS MLAWA SP.ZO.O (LGEMA) LG ELECTRONICS MOBILE RESEARCH U.S.A. LLC
(LGEMR) LG ELECTRONICS MOBILECOMM FRANCE S.A.S LG ELECTRONICS MOBLECOMM U.S.A.,
INC.(LGEMU) LG ELECTRONICS MONTERREY MEXICO S.A. DE
C.V. LG ELECTRONICS MOROCCO SARL(LGEMC) LG ELECTRONICS NANJING DISPLAY CO.,LTD LG ELECTRONICS(HANGZHOU) RECORDING MEDIA
CO., LTD LG ELECTRONICS NIGERIA LIMITED(LGENI) LG ELECTRONICS NORDIC AB LG ELECTRONICS OVERSEAS TRADING FZE LG ELECTRONICS PANAMA S.A. (LGEPS) LG ELECTRONICS PERU S.A. (LGEPR) LG ELECTRONICS PHILIPPINES, INC. (LGEPH) LG ELECTRONICS POLSKA SP.ZO.O (LGEPL) LG ELECTRONICS PORTUGAL S.A. LG ELECTRONICS QINHUANGDAO CO.,LTD(LGEQH) LG ELECTRONICS RAYNOSA, S.A.DE C.V(LGERS) LG ELECTRONICS ROMANIA S.R.L LG ELECTRONICS RUS.LLC |
|
Affiliates-Overseas |
LG PROPERTIES PTE. LTD. LG SOFT INDIA PVT LTD.(LGSI) LG SOLID SOURCE, LLC LG VINA CHEMICAL J/V COMPANY LG VINA COSMETICS LG.PHILIPS LCD GUANGZHOU CO., LTD.(LPLGZ) LG.PHILIPS LCD POLAND SP. Z O.O. LG.PHILIPS LCD SHANGHAI CO., LTD. LG-SHAKER CO.,LTD MONGOLIA RESOURCES INVESTMENT LIMITED NAKHODKA FEZ TELECOMMUNICATIONS
CO.LTD.(ROKOTEL) NANJING LG INTERNATIONAL VMI LTD.CO. NANJING LG PANDA APPLIANCES CO., LTD.
(LGEPN) NINGBO LG YONGXING CHEMICAL CO., LTD. PHILCO RESOURCES LIMITED PT LG CNS INDONESIA PT LG ELECTRONICS INDONESIA (LGEIN) PT. BATUBARA GLOBAL ENERGY PT. GOLDEN HYUNDAI MACHINERY(PT.GHM) PT. KIMCO ENERGY UTAMA PT. LG INNOTEK INDONESIA PT. TUTUI BATUBARA UTAMA QINGDAO LG INSPUR DIGITAL COMMUNICATION
CO., LTD. RESOURCES INVESTMENT (H.K) LIMITED SHANGHAI LG ELECTRONICS CO., LTD.
(LGESH) SILTRON AMERICA, INC. TAIZHOU LG ELECTRONIC REFRIGERATION
CO.LTD(LGETR) TIANJIN LG BOHAI CHEMICL CO.,LTD. TIANJIN LG DAGU CHEMICAL CO., LTD. TIANJIN LG NEW BUILDING MATERIALS CO., LTD. TRIVENI DIGITAL INC. V-ENS(M) SDN. BHD. ZENITH ELECTRONICS CO. (ZENITH) LG HAUSYS MONGOLIA LLC (50.0% held by the subject company) C2I S.R.O.(SLOVAKIA) (50.1% held by the subject company) |
|
Overseas Branch |
LG HAUSYS,LTD. TAIPEI OFFICE 2F, NO.89, SEC.2, TIDING AVE., TAIPEI 11493,
TAIWAN THAILAND (BANGKOK) 19TH FLOOR, SERMMIT TOWER, 159 ASOKE, SUKHUMVIT 21
RD, BANGKOK 10110, THAILAND LG HAUSYS, LTD. HOCHIMINH OFFICE 801A, 8 FLR SAILING TOWER, 111A PASTEUR
STR, BEN NGHE WARD, DIST 1, HCM, VN LG HAUSYS, LTD. ISTANBUL
OFFICE BÜYÜKDERE CAD. MASLAK NUROL
PLAZA NO: 255A BLOK 8.KAT 34398 MASLAK, ISTANBUL, TURKEY LG HAUSYS, LTD. TOKYO OFFICE KYOBASHI TRUST-TOWER 14F,
2-1-3 KYOBASHI, CHUO-KU, TOKYO, 104-0031, JAPAN LG HAUSYS, LTD. JAKARTA
OFFICE TOWER ONE AT THE CITY CENTER
(TCC) BATAVIA 18TH FLOOR, UNIT 2BKH. MAS. MANSYUR KAV. 126, KEL. KARET TENGSIN,
KEC. TANAH ABANG, JAKARTA PUSAT 10220, INDONESIA LG HAUSYS, MIDDLE EAST
OFFICE DUBAI INTERNET CITY BUILDING
@3, DUBAI, UNITED ARAB EMIRATES |
|
Joint Venture |
LG TOSTEM BM CO., LTD.(110111-4080688) (50.0% held by the subject company) HAUSYS INTERPANE, LTD.( 230111-0168798) (80.0% held by the subject company, and 20.0% held by
INTERPANE(Germany)) |
|
Subsidiary |
HAUSYS ENG CO., LTD.(110111-4123389) (100.0% held by the subject company) LG HAUSYS TIANJIN CO., LTD. (100.0% held by the subject company) 12, QUANFA ROAD, WUQING DEV AREA, TIANJIN, CHINA LG HAUSYS AMERICA, INC. (100.0% held by the subject company) 900 CIRCLE 75 PWKY SUITE#1500 ATLANTA GA30339 LG HAUSYS TRADING CO, LTD (100.0% held by the subject company) 30TH FLOOR, ZHAOFENG PLAZA, NO.1027 CHANGNING RD., CHANGNING DISTRICT,
SHANGHAI CHINA LG HAUSYS EUROPE GMBH (100.0% held by the subject company) 15 LYONER STRASSE, 60528 FRANKFURT AM MAIN, GERMANY LG HAUSYS RUS, LLC (100.0% held by the subject company) LESNAYA PLAZA 8TH FLOOR, 4, 4TH LESNOY PEREULOK, MOSCOW, 125047,
RUSSIA LG HAUSYS INDIA PRIVATE LIMITED (100.0% held by the subject company) C - 107, FIRST FLOOR, ANAND NIKETAN, NEW DELHI - 110021,DELHI, INDIA LG HAUSYS (WUXI) CO., LTD. (100.0% held by the subject company) NO.98 MEILYULU NEW DISTRICT WUXI, JIANGSU, CHINA, 214028 LG HAUSYS (TIANJIN) ENGINEERING CO., LTD 12, QUANFA ROAD, WUQING DEV AREA, TIANJIN, CHINA |
|
Corporate Ownership |
LG CORP.(110111-0003543) |
|
Major Shareholders |
LG CORP.(110111-0003543) |
|
Cooperative Enterprise |
TOSTEM CORPORATION ARUP SHAW(USA) INTERPANE(GERMANY) -Brand Using Agreement with LG CORP.(110111-0003543) |
Sales by Region (Activity & Markets)
|
Sales/ Unit :Mil KRW |
09/2011 |
2010 |
2009 |
|
Export |
716,919 |
836,342 |
547,347 |
|
Domestic |
1,110,339 |
1,405,723 |
1,115,189 |
|
Total |
1,827,258 |
2,242,065 |
1,662,536 |
The Subject exports
to Central & West Europe, CIS, India, Southeast Asia, Japan, Mexico,
Central & South America, North America, Russia UK, East and South Europe.
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (Million
KRW) |
Status |
|
|
|
The Subject
Company (36 Cases) |
|
- |
1,022 |
Proceeding |
|
|
|
|
The Subject
Company (11 Cases) |
- |
1,605 |
Proceeding |
News Clipping
-----------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.72 |
|
|
1 |
INR 88.64 |
|
Euro |
1 |
INR 78.14 |
|
KRW |
1 |
INR 0.060 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SCs 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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.