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BORNEO INTERNATIONAL FURNITURE CO.,LTD.

Main Activities: Wood Product Manufacturing

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Company Information

Full name
BORNEO INTERNATIONAL FURNITURE CO.,LTD.

Headquarters
246-1, GOJAN-DONG, NAMDONG-GU, INCHEON; Incheon; Incheon; 405816
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: Deloitte Touche Tohmatsu (2011)
Incorporation Date: September 3, 1966
Total Employees: 386

Tel: 032-420-8500

Company Description

Despite demand increase in office furniture including desks and partitions, demand for home furniture fell, because of slump in construction biz, and thus, firm's biz revenue slightly went down on previous year. Although cost burden declined, the firm shows weak earning structure, in view of declined year-on-year operating profit ratio, deriving from expansion of selling and administrative expenses like labor cost and rent. Firm's financial stability has improved on previous year, and good level
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Company Analysis

According to the Individual - Audited financial statement for the first half of 2012, total net operating revenues decreased with -18.62%, from KRW 77,232,326 thousands to KRW 62,850,682 thousands. Operating Results decreased from KRW 290,344 thousands to KRW -1,670,847 thousands. The results of the period reached KRW -3,011,406 thousands at the end of the period against KRW 97,298 thousands last year. Return on equity (Net income/Total equity) went from 0.14% to -4.42%, the Return On Asset (Net income / Total Asset) went from 0.07% to -2.07% and the Net Profit Margin (Net Income/Net Sales) went from 0.13% to -4.79% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 113.78% compared to 101.26% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.86 to 0.91 when compared to the previous year.

Key Executives

Chung,Sung Kyun President
Eom,Yun Sang Non-Executive Independent Director
Byeon,Seong Uk Auditor
Choe,Seung Su Auditor
Sin,Hyeon Gyu Senior Managing Director
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Balance Sheet

Total Assets

145,742,078

150,529,583

Current Assets

53,853,347

55,603,285

Total Liabilities

77,569,764

79,390,800

Shareholders Equity

68,172,313

71,138,783

Current Liabilities

59,031,823

69,925,270

* All the accounts are in KRW.
Income Statement

Total Operating Revenue

62,850,682

152,959,596

Operational Profit (Loss)

-1,670,847

-270,183

Net Profit (Loss)

-3,011,406

-576,379

* All the accounts are in KRW.
Ratios
Profitability Ratios

Return on Assets (ROA)

-2.07%

-0.38%

Return on Equity (ROE)

-4.42%

-0.81%

Return on Sales (ROS)

-4.79%

-0.38%

Return on Capital

-3.47%

-0.72%

Gross Profit Margin

25.27%

22.35%

Efficiency Ratios

Current asset turnover

1.17x

2.75x

Asset Turnover

0.43x

1.02x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-4,624,393

-3,287,124

EBITDA

-1,525,847

26,817

Bookvalue (BV)

66,918,335

69,832,898

Liquidity Ratios

Current Ratio

91.23%

79.52%

Quick ratio

58.72%

57.58%

Doom's day ratio

10.01%

14.82%

Cash Flow to Debt

-5.74%

-3.84%

Leverage Ratios

Leverage ratio

213.78%

211.6%

Interest Coverage Ratio

-107.59%

99.19%

Debt to equity

113.78%

111.6%

Debt to total assets

53.22%

52.74%

Long Term Debt to Capital

21.38%

11.74%

Market ratios

Price/Book Ratio

0.69

0.40

Trend Ratios

Revenue Trend

81.38%

100.12%

Net Income Trend

-3,095.03%

-28.05%