|
|
|
MIRA
INFORM REPORT
|
Report No. : |
488148 |
|
Report Date : |
23.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SK NETWORKS CO., LTD. |
|
|
|
|
Registered Office : |
795, Gyeongsu-daero, Jangan-gu, Suwon-si,
Gyeonggi-do |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.09.2017 |
|
|
|
|
Date of Incorporation : |
24.03.1956 |
|
|
|
|
Com. Reg. No.: |
124-81-00718 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Export/Import Wholesale of Non-Specialized
Goods Fabrics, Chemicals, Steel, System Related Total Solutions, Clothing,
Cellular Telephone, Rent-A Car, Fashion, Hotel, ICT Device, Petroleum Supply,
Total Automotive Services |
|
|
|
|
No. of Employees : |
2,321 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 2016, the economy experienced slow growth – 2%-3% per year - due to sluggish domestic consumption, a drop in foreign demand for South Korean exports, increased competition from regional rivals such as China and Japan, and declining investment. The administration in 2016 faced the challenge of balancing heavy reliance on exports with domestic restructuring efforts in the country’s shipbuilding and shipping industries.
The South Korean economy's short-term challenges include a potential loss of consumer confidence due to issues with its mobile phone industry, as well as uncertainty stemming from a tumultuous domestic political situation. In the long-term, South Korea must deal with a rapidly aging population, inflexible labor market, dominance of large conglomerates (chaebols), and the heavy reliance on exports, which comprise more than 40% of GDP. South Korea’s low overall unemployment rate masks problems with high youth unemployment, low worker productivity, high labor underutilization, and low female participation in the workforce. The government has tried to implement structural reforms, but continues to face significant headwind from vested interests. Finally, the country could eventually face an unprecedented financial burden in the event the unification of the Korean Peninsula were to occur.
|
Source
: CIA |
Basic Information
Basic
|
Company Name |
SK NETWORKS CO., LTD. |
|
Registered Address |
795, Gyeongsu-daero, Jangan-gu, Suwon-si,
Gyeonggi-do, Korea (Old Address System : 104-28,
Yeonghwa-dong, Jangan-gu, Suwon-si, Gyeonggi-do, Korea) |
|
Building |
|
|
Zip Code |
16267 |
|
Tel |
+82-2-2221-2114 |
|
Fax |
+82-2-2221-0080 |
|
E-mail |
webmaster@sknetworks.co.kr;jskim08@sknetworks.co.kr;
sechan@sknetworks.co.kr;jonghun724@sknetworks.co.kr |
|
Website |
www.sknetworks.co.kr;www.walkerhill.co.kr |
|
Trading Address |
SK Myungdong Bldg., 90, Namdaemun-ro,
Jung-gu, Seoul, Korea (Old Address System : SK Myungdong Bldg., 5-3,
Namdaemunno 2(i)-ga, Jung-gu, Seoul, Korea) |
|
Tel |
+82-70-7800-2114 |
|
Fax |
+82-2-754-9414 |
|
Other Address-Seongnae Office |
195, Gangdong-daero, Gangdong-gu, Seoul,
Korea (Old Address System : 448-3, Seongnae-dong,
Gangdong-gu, Seoul, Korea) |
|
Tel |
+82-70-7800-4030 +82-+82- |
|
Fax |
|
|
Other Address-Samseong-dong Office |
503, Bongeunsa-ro, Gangnam-gu, Seoul, Korea (Old Address System : 71-9, Samseong-dong,
Gangnam-gu, Seoul, Korea) |
|
Tel |
+82-2-3449-7777 |
|
Fax |
|
|
Other Address-Man Power Management Team |
90, Namdaemun-ro, Jung-gu, Seoul, Korea (Old Address System : 199-15, Euljiro
2(i)-ga, Jung-gu, Seoul, Korea) |
|
Tel |
+82-2-2221-2114 |
|
Fax |
|
|
Other Address- |
45, Gangnam-daero 160-gil, Gangnam-gu, Seoul,
Korea (Old Address System : 534-24, Sinsa-dong,
Gangnam-gu, Seoul, Korea) |
|
Tel |
|
|
Fax |
|
|
Other Address- |
12, Sapyeong-daero 14-gil, Seocho-gu,
Seoul, Korea (Old Address System : 112-15, Banpo-dong,
Seocho-gu, Seoul, Korea) |
|
Tel |
|
|
Fax |
|
|
Other Address- |
195, Seonyu-ro, Yeongdeungpo-gu, Seoul,
Korea (Old Address System : 80-2, Yangpyeong-dong
3(sam)-ga, Yeongdeungpo-gu, Seoul, Korea) |
|
Tel |
|
|
Fax |
|
|
Other Address- |
16, Eulji-ro 5-gil, Jung-gu, Seoul, Korea (Old Address System : 204, Euljiro 2(i)-ga,
Jung-gu, Seoul, Korea) |
|
Tel |
|
|
Fax |
|
|
Other Address-WALKERHIL |
177, Walkerhill-ro, Gwangjin-gu, Seoul,
Korea |
|
Tel |
+82-2-450-6363 |
|
Fax |
+82-2-450-6349 |
|
Other Address-Metropolitan Branch |
4th Floor, Hong-in Building, 1579-9,
Seocho, 3-dong, Seocho-gu, Seoul, Korea |
|
Tel |
+82-70-7800-0035 |
|
Fax |
+82-2-2101-1919 |
|
Other Address-Dongbu Branch |
8th Floor, Thrunet Building, 1423-1,
Oncheon 3-dong, Dongrae-gu, Busan, Korea |
|
Tel |
+82-70-7800-8814 |
|
Fax |
+82-51-502-2053 |
|
Other Address-Seobu Branch |
7th Floor, Hanaro Telecom Building, 562-8,
Gyerim 1-dong, Dong-gu, Gwangju, Korea |
|
Tel |
+82-70-7800-6801 |
|
Fax |
+82-62-233-6609 |
|
Other Address-Jungbu Branch |
5th Floor, Cheongsa Plaza, 924,
Dunsan-dong, Seo-gu, Daejeon, Korea |
|
Tel |
+82-70-7800-5802 |
|
Fax |
+82-42-472-6842 |
|
Other Address-Busan Branch |
Songpa Building, 1063-1, Beomcheon-dong,
Jin-gu, Busan, Korea |
|
Tel |
+82-51-818-6000 |
|
Fax |
+82-51-816-8901 |
|
Other Address-Daegu Branch |
51, Dongin 2-ga, Jung-gu, Daegu, Korea |
|
Tel |
+82-53-251-8000 |
|
Fax |
+82-53-424-9972 |
|
Other Address-Jungbu Branch |
2nd Floor, SK Telecom Dunsan Building, 594,
Tanbang-dong, Seo-gu, Daejeon, Korea |
|
Tel |
+82-42-610-0100 |
|
Fax |
+82-42-488-7018 |
|
Other Address-Seobu Branch |
2nd Floor, Daeyoung Building, 1178-2,
Chipyeong-dong, Seo-gu, Gwangju, Korea |
|
Tel |
+82-62-380-0100 |
|
Fax |
+82-62-383-3648 |
|
Other Address-Daejeon Sales Office |
2nd Floor, SK Telecom Dunsan Building, 594,
Tanbang-dong, Seo-gu, Daejeon, Korea |
|
Tel |
+82-42-610-0180 |
|
Fax |
+82-42-488-6645 |
|
Other Address-Daegu Sales Office |
51, Dongin 2-ga, Jung-gu, Daegu, Korea |
|
Tel |
+82-53-425-4526 |
|
Fax |
+82-53-424-9972 |
|
Other Address-Busan Sales Office |
2nd Floor, Songpa Building, 1063-1,
Beomcheon-dong, Jin-gu, Busan, Korea |
|
Tel |
+82-51-807-3112 |
|
Fax |
+82-51-818-8033 |
|
Other Address-Fashion Business Division |
The Korea Chamber of Commerce & Industry
Bldg., 3FL., 45, Namdaemunro 4-ga, Jung-gu, Seoul, Korea |
|
Tel |
+82-70-7800-4564 |
|
Fax |
+82-2-3789-4292 |
|
Other Address-S-Movilion Business Division |
45, Namdaemunro 4-ga, Jung-gu, Seoul, Korea |
|
Tel |
+82-2-530-7900 |
|
Fax |
+82-2-530-7929 |
|
Other Address-S-Welheim Business Division |
45, Namdaemunro 4-ga, Jung-gu, Seoul, Korea |
|
Tel |
+82-70-7800-2143 |
|
Fax |
+82-2-776-5957 |
|
Type |
Export/Import Wholesale of Non-Specialized Goods Fabrics, Chemicals, Steel, System Related Total
Solutions, Clothing, Cellular Telephone, Rent-A Car, Fashion, Hotel, ICT
Device, Petroleum Supply, Total Automotive Services |
|
Industry |
|
|
Main Business |
|
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
03/24/1956 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Petroleum and distillates(15101500) |
|
Sell |
Clothing(53100000) |
|
Sell |
Corporate uniforms(53102710) |
|
Sell |
Fuels and Fuel Additives and Lubricants and
Anti corrosive Materials(15000000) |
|
Sell |
System administrators(81111800) |
|
Sell |
Information Technology Broadcasting and
Telecommunications(43000000) |
|
Sell |
Digital video disk players or
recorders(52161516) |
|
Sell |
Vehicle maintenance and repair
services(78180100) |
|
Sell |
Mobile communications services(83111600) |
|
Sell |
World wide web WWW site operation host
services(81112105) |
|
Sell |
School uniforms(53102705) |
|
Sell |
Structural materials and basic
shapes(30100000) |
|
Sell |
Fabrics and leather materials(11160000) |
|
Sell |
Plywood(11121609) |
|
Sell |
Distribution(80141700) |
|
Sell |
Transportation components and
systems(25170000) |
|
Sell |
International trade services(80151600) |
|
Sell |
Hotels(90111501) |
CEO’s
|
Name |
Park Sang-Kyu |
|
Date of Birth |
08/09/1964 |
|
Title |
President & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
648,653,775,000 |
|||||||||||||||||||||||||||
|
Employees |
2,321 |
|||||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange :
001740) as of 06/30/1977 A Company of SK Group |
|||||||||||||||||||||||||||
|
Bank Details |
KEB Hana Bank |
|||||||||||||||||||||||||||
|
Corporate Registered No. |
130111-0005199 |
|||||||||||||||||||||||||||
|
Business Registered No. |
124-81-00718 |
|||||||||||||||||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 670904 |
|||||||||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||||||||
|
Company History |
03/24/1956 Incorporated as Sunkyong Limited 11/28/1980 SK Corporation(formerly known as
Yukong Limited) is acquired 07/01/1998 Changed company name to SK
company 07/31/2000 Changed company name to SK
Global Co., Ltd. 09/09/2003 Increased the authorized shares
to 1,500,000,000 shares to 180,000,000 shares 09/19/2003 Changed company name to the
present name 10/27/2003 Signed the agreement on the
execution of the Plan for strengthening operation 12/18/2004 Split off the par value to 2,500
KRW from 5,000 KRW 05/01/2005 Sold the equity share of SK Life
Insurance 04/17/2007 Finished the Management
Procedure by the Creditors of Financial Institutes 01/29/2008 The Subject decided to acquire
OBZEE CO., LTD.(110111-1048960) as of 03/31/2008 05/01/2005 Sold the equity share of SK Life
Insurance 04/17/2007 Finished the Management
Procedure by the Creditors of Financial Institutes 05/2007 Moved to the present HQ address
from 4, Pyeong-dong ,Gwonseon-gu ,Suwon-si, Gyeonggi-do, Korea and the
offices at 4, Pyeong-dong ,Gwonseon-gu ,Suwon-si, Gyeonggi-do, Korea has been
closed. 01/29/2008 The Subject decided to acquire
OBZEE CO., LTD.(110111-1048960) as of 03/31/2008 09/23/2009 The Subject acquired WALKERHILL
INC.(110111-0142854) 12/31/2009 Increased capital to
648,653,775,000 KRW from 635,676,652,500 KRW 10/01/2015 Acquire STEVEYONI CO.,
LTD.(110111-4276120) 10/11/2016 Agreed to acquire 100% shares of
TONGYANG MAGIC INC(110111-5125962) |
Detailed Information
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
Chairman & CEO |
Choi Shin-Won |
Korean |
11/20/1952 |
03/18/2016 |
|
President & CEO |
Park Sang-Kyu |
Korean |
08/09/1964 |
03/24/2017 |
|
Director |
Cho Dae-Sik |
Korean |
11/27/1960 |
03/18/2016 |
|
Outside Director / Auditor |
Lee Chun-Se |
Korean |
02/02/1967 |
03/24/2017 |
|
Outside Director / Auditor |
Hur Yong-Seok |
Korean |
07/09/1956 |
03/21/2014 |
|
Outside Director / Auditor |
Song Ha-Joong |
Korean |
12/29/1952 |
03/20/2015 |
|
Outside Director / Auditor |
Kim Sung-Min |
Korean |
07/05/1954 |
03/20/2015 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
10,000,252,000,000 |
7,092,608,000,000 |
3,232,000,000 |
|
|
2016 |
17,333,736,977,673 |
7,892,425,667,085 |
-69,305,757,055 |
|
2015 |
17,893,133,136,304 |
7,704,567,342,154 |
78,091,577,735 |
|
2014 |
20,460,418,440,470 |
7,883,422,774,641 |
11,666,677,921 |
|
2013 |
23,739,620,446,948 |
8,168,923,062,095 |
-530,626,190,343 |
|
2012 |
25,511,199,448,837 |
9,822,542,561,050 |
-85,791,826,303 |
|
2011 |
26,224,418,959,648 |
10,266,831,121,466 |
138,054,125,450 |
|
2010 |
23,523,724,352,491 |
9,160,781,740,016 |
152,885,200,394 |
|
2009 |
21,190,407,487,003 |
7,710,385,127,209 |
50,484,259,385 |
|
2008 |
21,897,444,114,737 |
7,982,489,469,620 |
92,575,278,890 |
|
2007 |
17,686,274,023,495 |
6,264,010,494,308 |
590,557,005,160 |
|
2006 |
15,784,019,148,561 |
5,832,208,519,481 |
473,936,092,951 |
|
2005 |
14,879,511,552,609 |
5,228,066,986,700 |
456,078,604,780 |
|
2004 |
13,613,718,718,390 |
4,408,265,423,877 |
460,628,881,668 |
|
2003 |
21,190,407,487,003 |
7,710,385,127,209 |
50,484,259,385 |
Financial
Description
|
Authorized Capital(KRW) |
7,500,000,000,000 |
|
Paid-Up Capital(KRW) |
648,653,775,000 |
|
Total Issues Shares |
248,301,295(Common
: 248,187,647 / Preferable : 113,648) |
|
Balance
Sheet |
|||
|
Unit : Korean Won |
01/01/2017~09/30/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Total
Assets |
7,092,608,000,000 |
7,892,425,667,085 |
7,704,567,342,154 |
|
Current
Assets |
2,360,296,000,000 |
2,870,083,562,837 |
3,401,468,973,733 |
|
Cash
& Cash Equivalents |
558,590,000,000 |
579,159,362,745 |
1,022,023,948,630 |
|
Trade
Receivables |
933,694,000,000 |
1,258,598,423,312 |
1,050,612,720,340 |
|
Derivatives |
6,719,000,000 |
33,055,011,117 |
24,457,605,406 |
|
Other
Finance Assets |
104,643,000,000 |
110,326,477,808 |
196,262,778,516 |
|
Other
Current Assets |
92,885,000,000 |
65,638,042,868 |
93,207,274,091 |
|
Inventories |
425,265,000,000 |
417,150,023,427 |
1,006,337,178,403 |
|
Assets
to be Sold |
238,500,000,000 |
406,156,221,560 |
8,567,468,347 |
|
Non-Current
Assets |
4,732,312,000,000 |
5,022,342,104,248 |
4,303,098,368,421 |
|
Long-Term Finance Instruments |
37,000,000 |
43,000,000 |
43,000,000 |
|
Marketable
Financial Instruments |
57,559,000,000 |
37,530,451,703 |
48,697,608,646 |
|
Investment_Subsidiaries |
1,179,588,000,000 |
1,128,977,729,224 |
599,370,878,012 |
|
Derivatives |
- |
564,611,200 |
601,939,200 |
|
Other
Finance Assets |
181,607,000,000 |
189,221,561,499 |
257,413,984,885 |
|
Tangibles |
3,087,215,000,000 |
3,418,352,709,207 |
3,181,899,975,164 |
|
Intangibles |
30,930,000,000 |
27,559,978,167 |
48,543,425,841 |
|
Investment_Real
Estates |
80,235,000,000 |
87,780,552,923 |
86,323,090,448 |
|
Deferred
Income Taxes Assets |
50,675,000,000 |
49,492,506,635 |
35,476,964,048 |
|
Other
Non-Current Assets |
64,466,000,000 |
82,819,003,690 |
44,727,502,177 |
|
Total
Liabilities |
4,804,418,000,000 |
5,536,067,385,011 |
5,260,155,552,229 |
|
Current
Liabilities |
3,378,922,000,000 |
3,940,526,494,885 |
3,908,947,998,457 |
|
Trade
Payables |
2,344,120,000,000 |
2,486,127,289,863 |
2,576,516,531,634 |
|
Short-Term Borrowings |
293,709,000,000 |
888,985,116,913 |
675,498,501,091 |
|
Current Portion of Long-Term Debts |
425,500,000,000 |
154,810,532,487 |
356,240,999,884 |
|
Derivatives |
10,056,000,000 |
14,811,325,713 |
2,181,425,248 |
|
Other
Financial Debts |
126,741,000,000 |
168,255,857,986 |
207,711,022,861 |
|
Accrued
Income Tax |
58,000,000 |
|
21,184,866,882 |
|
Provisions |
- |
55,734,047,563 |
|
|
Other
Current Debts |
70,209,000,000 |
128,918,293,407 |
69,614,650,857 |
|
Assets
to be Sold |
108,529,000,000 |
42,884,030,953 |
|
|
Non-Current
Liabilities |
1,425,496,000,000 |
1,595,540,890,126 |
1,351,207,553,772 |
|
Borrowings
& Debentures |
1,235,844,000,000 |
1,420,436,704,155 |
1,208,880,813,865 |
|
Derivatives |
146,000,000 |
|
|
|
Guarantee Deposit Withhold |
158,008,000,000 |
156,471,004,382 |
126,205,812,603 |
|
Provision for Severance & Retirement |
9,391,000,000 |
|
|
|
Provisions |
8,679,000,000 |
6,792,587,206 |
8,790,798,550 |
|
Other
Non-Current Debts |
13,428,000,000 |
11,840,594,383 |
7,330,128,754 |
|
Capital
Stock |
648,654,000,000 |
648,653,775,000 |
648,653,775,000 |
|
Capital
Surplus |
788,090,000,000 |
788,089,953,532 |
788,089,953,532 |
|
Profit
Surplus |
891,587,000,000 |
914,824,337,397 |
1,006,715,564,162 |
|
Others |
-40,141,000,000 |
4,790,216,145 |
952,497,231 |
|
Total
Equity |
2,288,190,000,000 |
2,356,358,282,074 |
2,444,411,789,925 |
|
Liab.
& Shareholder’s Equity |
7,092,608,000,000 |
7,892,425,667,085 |
7,704,567,342,154 |
|
Income
Statement |
|||
|
Unit : Korean Won |
01/01/2017~09/30/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Sales |
10,000,252,000,000 |
17,333,736,977,673 |
17,893,133,136,304 |
|
Cost
of Sold Goods |
9,362,431,000,000 |
16,412,886,313,890 |
16,942,551,944,602 |
|
Gross
Profit |
637,821,000,000 |
920,850,663,783 |
950,581,191,702 |
|
Selling
& Admin. Expenses |
576,177,000,000 |
780,042,476,653 |
772,344,914,904 |
|
Operating
Income |
61,644,000,000 |
140,808,187,130 |
178,236,276,798 |
|
Finance
Income |
207,084,000,000 |
303,345,294,815 |
235,761,658,907 |
|
Finance
Expenses |
259,497,000,000 |
376,866,671,147 |
310,756,640,646 |
|
Other
Income |
25,047,000,000 |
37,506,148,632 |
95,251,895,058 |
|
Other
Expenses |
26,866,000,000 |
59,134,513,553 |
77,173,780,972 |
|
Income
Before Taxes |
7,412,000,000 |
45,658,445,877 |
121,319,409,145 |
|
Income
Taxes Expenses |
1,634,000,000 |
10,790,775,327 |
24,414,431,154 |
|
Income
from Continuous Business |
5,778,000,000 |
34,867,670,550 |
96,904,977,991 |
|
Income
from Stopped Business |
-2,546,000,000 |
-104,173,427,605 |
-18,813,400,256 |
|
Net
Income |
3,232,000,000 |
-69,305,757,055 |
78,091,577,735 |
|
Cash
Flows |
|||
|
Unit : Korean Won |
01/01/2017~09/30/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Operating
Activities Cash Flows |
-7,370,000,000 |
-60,748,308,562 |
96,484,081,568 |
|
Net
Income |
3,232,000,000 |
-69,305,757,055 |
78,091,577,735 |
|
Adjustment |
182,143,000,000 |
357,738,399,866 |
201,444,964,009 |
|
Changes
in Asset/ & Liability |
-148,923,000,000 |
-279,925,411,772 |
-84,190,623,730 |
|
Interests
Received |
3,206,000,000 |
8,952,753,416 |
14,611,014,849 |
|
Interests
Paid |
-50,071,000,000 |
-75,896,978,674 |
-80,716,549,944 |
|
Dividends
Received |
3,400,000,000 |
13,544,632,478 |
6,991,272,753 |
|
Income
Taxes |
-357,000,000 |
-15,855,946,821 |
-39,747,574,104 |
|
Cash
Flows from Investing |
568,353,000,000 |
-545,064,077,996 |
53,094,877,081 |
|
Cash
Flows from Financing |
-581,552,000,000 |
162,947,800,673 |
-280,574,143,557 |
|
Increase/Decrease
in Cash |
-20,569,000,000 |
-442,864,585,885 |
-130,995,184,908 |
|
Cash
at the Beginning of Year |
579,159,000,000 |
1,022,023,948,630 |
1,153,019,133,538 |
|
Cash
at the End of Year |
558,590,000,000 |
579,159,362,745 |
1,022,023,948,630 |
Products, Technologies, Services Description
|
Main Products & Services |
IM(Information Communication Technology
Marketing) E&C(Energy & Car) T&I(Trading & Investment) PM(Prestige Marketing) Brand Name : OK-mart, Skopi, OK-Cashbag, Tommy
Hilfiger, DKNY, Daimler Chrysler, Jaguar/Land Rover, Infiniti, Speedmate |
|
Main Products & Services |
INFORMATION & TELECOMMUNICATION COMPANY NETWORK BUSINESS DIVISIONAL GROUP Continuous Sales Growth of Existing Network
Business & Building Base for New Business (e-Government, Public Data,
VoIP, etc.) On the basis of one of the most stable QoS (Quality of Service)
in the country, Network Business Divisional Group provides “TONETZ”, a
telecommunication line rental service for corporate clients, and “TONETZ
i-fone”, an internet telephony service. Also selected as the operator for
e-Government and public data network projects, the Divisional Group is
providing high-quality telecommunications services for schools, government
agencies and other major institutions. It hopes to build on these efforts to
become the top dedicated line operator in Korea. INFORMATION & TELECOMMUNICATION
DISTRIBUTION BUSINESS DIVISIONAL GROUP 2nd Largest Telecommunications Business in
SK Networks: Providing Integrated ICT Services Information &
Telecommunication Distribution Business Divisional Group is expanding its
business spectrum, centering on domestic mobile devices such as mobile phones
and PDAs and encompassing service businesses such as rental, roaming, after-sales
service, exporting used mobile phones, and solution businesses including IT
system equipment distribution as well as Ufit, Pullbbang.com, OK Coufun
services that make use of wired & wireless platforms. In addition, the
Divisional Group has launched a mobile phone distribution business in China,
opening the first store in Shenyang in October 2006. Having grown to include
sixty mobile phone stores in China by 2007, the business will serve as a
solid foundation for SK Networks to secure the core four logistics hubs and
sales networks, in order to join the ranks of the top five distributors by
2011. |
|
Main Products & Services |
GLOBAL BUSINESS & PRESTIGE LIFESTYLE
BUSINESS COMPANY GLOBAL BUSINESS DIVISIONAL GROUP A Total Solutions Provider that Satisfies
Customers With its information power to respond swiftly to market changes and
its competitive logistics capacity, Global Business Divisional Group is
engaging in trading through a network of more than twenty countries across
the world, mainly on energy, chemicals, and steel. The Divisional Group is
aiming to become a globally localized trader, focusing on local distribution
in foreign markets such as China, and at the same time maintaining a stable
and continuous growth rate by carrying out new businesses, for example
developing strategic products, expanding strategic markets and developing
natural resources. PRESTIGE LIFESTYLE BUSINESS DIVISIONAL
GROUP Creating Rich Customer Value through
Customer-oriented Prestige Marketing Established in March 2004 to reinforce
customer service, Prestige Lifestyle Business Divisional Group is creating
new value that satisfies customers’ needs with services including fashion,
imported cars, housing products and wine funds. The fashion business has
secured top imported brands that reflect diverse lifestyles and is also
developing global fashion brands that continue to be popular over the years.
As of 2007, the imported car business offers a portfolio of four brands
including Chrysler, and is bringing innovation to the market with reasonable
prices and differentiated services by directly importing premium auto brands
such as Benz. Furthermore, the new-concept housing development business that
puts customers first, and the wine fund business that provides a special way of
enjoying high-quality wines are offering customers options to enhance their
quality of life. ENERGY MARKETING COMPANY ENERGY MARKETING DIVISIONAL GROUP Top Network-based Marketing Business Unit
that Creates New Customer Value As a leader in the domestic petroleum
product sales market, Energy Marketing Company continues to strengthen its
competitiveness by consistently improving its service and quality, as well as
conducting differentiated and unique marketing methods. It is expanding its
Car-Life business to become a total service provider for automobiles, and is
pursing diversification of the distribution business by exploring new
business models. The Divisional Group is also aiming to achieve greater
globalization through a full-scale business in the Chinese market, such as
the launching of Speedmate in Shanghai and an integrated petrol station
business focusing on the three Northeastern provinces. |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
Trade Partners & Competitors
|
Suppliers |
SK ENERGY CO., LTD.(110111-3710385) POSCO(174611-0000741) HYUNDAI STEEL COMPANY(120111-0001743) DONGBU STEEL CO., LTD.(110111-0393308) |
|
Customers |
|
|
Competitors |
-INFO & TELECOMMUNICATION KT POWER COM DREAM LINE DACOM SKN HANARO -ENERGY GS-CALTEX CORPORATION(110111-0078819) S-OIL CORPORATION(110111-0189955) HYUNDAI OIL REFINERY CO.,
LTD.(110111-0090558) -INT’L TRADING LG INTERNATIONAL
CORPORATION 12TH FL., LG TWIN TOWER EAST ANNEX, 20,
YEOUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-3773-5114 FAX:+82-2-3773-5273 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS HYUNDAI CORPORATION HUNGKUK LIFE INSURANCE BD 226, SINMUNNO
1-GA, JONGNO-GU, SEOUL 110-786 KOREA TEL:+82-2-390-1114 FAX:+82-2-390-1101 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS DAEWOO INTERNATIONAL CORPORATION DAEWOO CENTER BLDG., 541, NAMDAEMUNNO 5-GA,
JUNG-GU, SEOUL 100-714 KOREA TEL:+82-2-759-2114 FAX:+82-2-753-9489 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS HYOSUNG CORPORATION HYOSUNG BLDG., 450, GONGDEOK 2-DONG,
MAPO-GU, SEOUL 121-720 KOREA TEL:+82-2-707-7000 FAX:+82-2-707-0130 INDUSTRY: MAN-MADE FIBERS SPINNING SAMSUNG CORPORATION 310, TAEPYEONGNO 2-GA, JUNG-GU, SEOUL
100-865 KOREA TEL:+82-2-2145-2114 FAX:+82-2-2145-3114 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS SSANGYONG CORPORATION SSANGYONG BLDG., 24-1, JEODONG 2-GA,
JUNG-GU, SEOUL 100-748 KOREA TEL:+82-2-2270-8114 FAX:+82-2-2270-8334 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates-Domestic |
SK HOLDINGS CO., LTD.(110111-0022816) SK TELECOM CO., LTD.( 110111-0371346) PAXNET, INC.(110111-1698830) IHQ, INC.(110111-0042393) SK TELINK, CORP.(110111-1533599) AIRCROSS CO., LTD.(110111-2121765) TU MEDIA CORPORATION(110111-2907826) SK COMMUNICATIONS CO., LTD.(110111-1322885) COMMERCE PLANET CO., LTD.(110111-1416133) F&U CREDIT INFORMATION CO.,
LTD.(135311-0003300) SK WYVERNS CO., LTD(120111-0217366) SK TELESYS CO., LTD.(110111-1405897) LOEN ENTERTAINMENT, INC.(134111-0010706) INFOSEC CO., LTD(110111-2007858) ENCAR NETWORKS LTD.(110111-2125270) INDEPENDENCE CO., LTD.(110111-2010116) SKC MEDIA CO., LTD.(161511-0076377) IFILM CORPORATION(110111-2857451) SK BROADBAND CO., LTD.(110111-1466659) CU MEDIA. INC.(110111-2031477) NTREEV SOFT CO., LTD.(110111-2906456) SK I-MEDIA CO., LTD.(110111-3505851) NURI SOLUTION CO., LTD.(110111-1866213) HANAROMEDIA INC.(110111-3292664) HANARO DREAM INCORPORATED(110111-2183343) BROADBAND D&M CO., LTD.(110111-1509269) NOWON JOEUN TELECOM CO.,
LTD.(110111-3655218) MIRACLE INFORMATION & TELECOMMUNICATION
CO., LTD.(120111-0433491) QC I&T CO., LTD.(110111-3675381) QL KWANAK CO., LTD.(110111-3826140) QL DONGJAK CO., LTD.(110111-3729740) QL SEOCHO CO., LTD.(110111-3729807) QL YONGSAN CO., LTD.(110111-3761023) QL YANGCHEON CO., LTD.(110111-3729609) SK NETWORKS CO., LTD.(130111-0005199) SK ENGINEERING & CONSTRUCTION CO.,
LTD.(110111-0038805) SK SHIPPING CO., LTD.(110111-0311392) SK C&C CO., LTD.(110111-0769583) (15.0% held by the subject company) INNOACE CO., LTD(110111-2104026) (43.0% held by the subject company) IPLATFORM, INC(110111-3638917) (66.67% held by the subject company) |
|
Affiliates-Domestic |
SK D&D CO., LTD.(110111-3001685) OK CASHBAG SERVICE CO., LTD.(110111-1873432) SK NETWORKS SERVICE CO.,
LTD.(135811-0141788) SK MARKETING & COMPANY CO.,
LTD.(110111-3874066) BROADBAND TS CO., LTD.(281111-0119401) BROADBAND CS CO., LTD.(110111-1592595) BROADBAND SEOUL CS CO.,
LTD.(110111-3558842) BROADBAND BUSAN CS CO.,
LTD.(180111-0573774) BROADBAND GYEONGGI CS CO.,
LTD.(134111-0147575) BROADBAND GWANGJU CS CO.,
LTD.(200111-0233050) ANTS CO., LTD.(151111-0031058) ULLEUNG DEEP SEA WATER CO.,
LTD(110111-3224724) SOLMICS CO., LTD.(134711-0014631) UB CARE CO., LTD.(110111-1105364) MECHARONICS CO., LTD.(120111-0233338) ULLEUNG MINERAL CO., LTD.(110111-2602244) REAL BEST CO., LTD. MRO KOREA CO., LTD(110111-2016940) (51.0% held by the subject company) WS TRADING CO., LTD.(110111-3448712) (100.0% held by the subject company) SK SECURITIES CO., LTD(110111-0037112) (22.71% held by the subject company) |
|
Affiliates-Overseas |
KIWI STEEL N.Z. LTD. SK NETWORKS AMERICA, INC. SK NETWORKS DEUTSCHLAND GMBH SK NETWORKS AUSTRALIA PTY. LTD. SK STEEL AUSTRALIA PTY. LTD. SK NETWORKS (SHANGHAI) TRADING CO., LTD. SK NETWORKS (GUANGZHOU) TRADING CO., LTD. SK(DONGGUAN) STEEL CO., LTD SK(ZHANGJIAGANG) METAL PRODUCTS CO.,LTD POSK STEEL(PINGHU) PROCESSING CENTER
CO.,LTD SK NETWORKS PS(SHANTOU)CO., LTD NINGBO SK ZHENBANG CHEMICAL. LTD DAIYANG - SK NETWORKS METAL SANAYI VE
TICARET LTD SK NETWORKS MIDDLE EAST FZE PT SK NETWORKS (INDONESIA) SHENYANG SK NETWORKS ENERGY CO., LTD SHANGHAI LAUNCH-SK AUTOMOBILE SERVICE CO.,
LTD SK NETWORKS (SHANGHAI) MARKETING CO., LTD SK NETWORKS(CHINA)HOLDINGS CO., LTD DANDONG SK NETWORKS REAL ESTATE CO., LTD SHENYANG SK NETWORKS BUS TERMINAL CO., LTD DANDONG SK NETWORKS ENERGY CO., LTD DANDONG SK NETWORKS LOGISTICS CO., LTD SHENYANG SK NETWORKS ELECTRONICS
&TELECOMMUNICATIONS CO., LTD SK NETWORKS (SHANGHAI) ELECTRONICS
&TELECOMMUNICATIONS MARKETING CO., LTD BEIJING SK NETWORKS ELECTRONICS &
TELECOMMUNICATIONS CO., LTD SHANDONG SK NETWORKS ELECTRONICS
&TELECOMMUNICATIONS CO., LTD SK NETWORKS HONG KONG SK NETWORKS MEXICO S.A DE C.V SKYNETWORKS LCC. MIRAE COMPANY LIMITED RICHARD CHAI LLC. OBZEE N.Y SK MENA INVESTMENT BV(NETHERLANDS) (21.79% held by the subject company) SK LATIN AMERICA INVESTMENT S.A.(SPAIN) (21.79% held by the subject company) GEMINI PARTNERS PTE. LTD.(SINGAPORE) (20.00% held by the subject company) |
|
Overseas Office |
SK NETWORKS CO., LTD. QINGDAO BRANCH ROOM 1403, HISENSE TOWER 17 DONGHAI XI
ROAD, QINGDAO , CHINA TEL : 86-(532)-387-4331, 4333, 7054, 7187,
4440 FAX : 86-(532)-387-4555 SK NETWORKS CO., LTD. GUANGZHOU BRANCH ROOM 1706, OFFICE TOWER , CITIC PLAZA, NO.233
TIANHE ROAD NORTH , TIANHE DISTRICT, GUANGZHOU , CHINA (510613) TEL : 86-(20)-3891-2445 FAX :
86-(20)-8732-0869 SK NETWORKS CO., LTD. WUHAN BRANCH ROOM 705, WUHAN INT'L TRADE COMMERCIAL
CENTRE, NO.297 XINHUA BACK ROAD , WUHAN , CHINA (430022) TEL : 86-(27)-8577-5840, 5842, 5847
86-(27)-8572-4634, 4644 / FAX : 86-(27)-8577-5851 SK NETWORKS CO., LTD. CHENGDU OFFICE 24 THFL. CHUANZIN MANSION , 18
SEC.2 RENMIN SOUTH ROAD , CHENGDU , CHINA (610016) TEL : 86-(28)-6199-755~9 FAX :
86-(28)-6200-155 SK NETWORKS CO., LTD. DALIAN OFFICE 18TH FLOOR, SENMAO BLDG. 147 ZHONG SHAN
ROAD XIIGANG DISTRICT, DALIAN , CHINA (116011) TEL : 86-(411)-8360-9393 FAX :
86-(411)-8369-3924 SK GLOBAL HONG KONG LTD. TAIPEI BRANCH 5TH FLOOR ROOM A-1 NO.287 NAN-KING EAST
ROAD, SEC.3, TAIPEI, TAIWAN, R.O.C. TEL : 886-(2)-2718-3949 FAX :
886-(2)-2514-0377, 0294 SK NETWORKS CO., LTD. HARBIN OFFICE 4TH FI., SONGLEIL GROUP BLDG.
160 ZHONGSHAN ST. , DONGLI DIST. HARBIN , CHINA (150040) TEL : 86-(451)-264-8505 FAX :
86-(451)-246-8492 SK NETWORKS CO., LTD. SHANGHAI BRANCH ROOM NO.2310, INTERNATIONAL TRADE CENTER,
2201, YAN AN ROAD (W), SHANGHAI, CHINA TEL : 86-(21)-6295-0088 / FAX :
86-(21)-6295-0033/55 SK NETWORKS (CHINA) HOLDINGS CO., LTD. SK NETWORKS PS
(SHANTOU) CO., LTD SHENYANG SK NETWORKS ENERGY CO., LTD 18/F BLOCKA PRESIDENT BUILDING, NO.69HEPING
NORTH STREET, HEPING DISTRICT, SHENYANG CITY, LIAONING PROVINCE, CHINA TEL : 86-(24)-2281-4330 / FAX :
86-(24)-2281-4334,4340,4350 |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
SK NETWORKS SERVICE CO.,
LTD.(135811-0141788) (86.50% held by the subject company) SK PINX CO., LTD.(224111-0003760) (100.00% held by the subject company) CAR LIFE SERVICE CO., LTD.(Ex. SPEED MOTORS
CO., LTD.(160111-0306525)) (100.00% held by the subject company) SKN (CHINA) HOLDINGS CO., LTD.(CHINA) (100.00% held by the subject company) SHENYANG SK NETWORKS ENERGY CO.,
LTD.(CHINA) (50.00% held by the subject company) POSK (PINGHU) STEEL PROCESSING CENTER CO.,
LTD.(CHINA) (80.00% held by the subject company) SK NETWORKS HONGKONG LTD.(HONG KONG) (100.00% held by the subject company) SK NETWORKS JAPAN CO., LTD.(JAPAN) (100.00% held by the subject company) OBZEE N.Y. INC.(USA) (100.00% held by the subject company) SK NETWORKS DEUTSCHLAND GMBH(GERMANY) (100.00% held by the subject company) SK STEEL AUSTRALIA PTY. LTD.(AUSTRALIA) (100.00% held by the subject company) SK NETWORKS (CHINA) FASHION CO.,
LTD.(CHINA) (100.00% held by the subject company) SK (GZ FREEZONE) CO., LTD.(CHINA) (100.00% held by the subject company) SK NETWORKS (SHANGHAI) CO., LTD.(CHINA) (100.00% held by the subject company) SK NETWORKS RESOURCES AUSTRALIA PTY.
LTD.(AUSTRALIA) (100.00% held by the subject company) DAIYANG SK NETWORKS SAN. VE TIC. LTD. STI, SK (GUANGZHOU) METAL CO., LTD. SK NETWORKS (XIAMEN) STEEL PROCESSING
CENTER CO., LTD. SK LIAONING CONSTRUCTION CO., LTD. |
|
Corporate Ownership |
SK
HOLDINGS CO., LTD.(110111-0022816) |
|
Major Shareholders |
SK
HOLDINGS CO., LTD.(110111-0022816) |
|
Cooperative Enterprise |
Tommy Hilfiger Licensing, Inc. |
Sales by Region (Activity & Markets)
|
Sales/ Unit :Mil KRW |
03/2017 |
2016 |
2015 |
|
Export |
1,404,707 |
4,320,619 |
4,491,076 |
|
Domestic |
3,653,073 |
14,136,762 |
15,032,339 |
|
Others |
-398,839 |
-1,123,644 |
-1,630,282 |
|
Total |
4,658,941 |
17,333,737 |
17,893,133 |
The Subject exports to China, Vietnam, Hong Kong, Taiwan, Japan,
Philippines, USA, Thailand, UAE, Saudi Arabia, Belgium, Italy and New Zealand..
Court Action
There are 30 cases filed as Plaintiff(s)/ Creditor(s)/ Applicant(s)
amounting 13,499,000,000 KRW, and 13 cases fled as Defendant(s)/ Debtor(s)/
Respondent(s) amounting 797,000,000 KRW as of 09/30/2017.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.89 |
|
|
1 |
INR 88.59 |
|
Euro |
1 |
INR 78.12 |
|
KRW |
1 |
INR 0.059 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KET |
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
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 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.