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ECO PLASTIC CORPORATION

Main Activities: Motor Vehicle Parts Manufacturing

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Company Information

Full name
ECO PLASTIC CORPORATION

Headquarters
48, HWANGSEONG-DONG, GYEONGJU-SI, GYEONGSANGBUK-DO; Gyeongju; Gyeongsangbuk; 780952
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: KPMG (2011)
Incorporation Date: July 1, 1984
Total Employees: 613

Tel: 054-770-3114

Company Description

Sales rose on previous year, due to favorable tune in direct export thru Hyundai Motor, and expansion of supply quantities to auto makers. Operating profit ratio slightly fell, compared to last year, because of rising cost to sales ratio, according to increase in raw material prices, and fixed cost augmentation including transport & storage and depreciation expenses. Overall financial structure seems to be stable, in view of procurement of funds for facility expansion, based on ample cash assets.
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Company Analysis

According to the Individual - Audited financial statement for the first half of 2012, total net operating revenues increased with 8.63%, from KRW 245,928,873 thousands to KRW 267,148,080 thousands. Operating result decreased from KRW 4,516,047 thousands to KRW 1,605,540 thousands which means -64.45% change. The results of the period decreased -69.58% reaching KRW 1,086,392 thousands at the end of the period against KRW 3,571,862 thousands last year. Return on equity (Net income/Total equity) went from 3.70% to 1.14%, the Return On Asset (Net income / Total Asset) went from 1.63% to 0.49% and the Net Profit Margin (Net Income/Net Sales) went from 1.45% to 0.41% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 130.06% compared to 126.66% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.87 to 0.80 when compared to the previous year.

Key Executives

Cho,Soon Jae President
Jang,Bo Hun Non-Executive Independent Director
Han,Sang Assistant Executive Director
Heo,Seong Ho Assistant Executive Director
Lee,Geon Yeong Assistant Executive Director
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Balance Sheet

Total Assets

218,929,822

220,115,416

Current Assets

74,378,478

93,110,426

Total Liabilities

122,523,435

124,437,570

Shareholders Equity

96,406,387

95,677,846

Current Liabilities

111,855,606

115,866,804

* All the accounts are in KRW.
Income Statement

Total Operating Revenue

527,045,606

267,148,080

Operational Profit (Loss)

4,053,503

1,605,540

Net Profit (Loss)

3,122,113

1,086,392

* All the accounts are in KRW.
Ratios
Profitability Ratios

Return on Assets (ROA)

1.43%

0.49%

Return on Equity (ROE)

3.24%

1.14%

Return on Sales (ROS)

0.59%

0.41%

Return on Capital

2.92%

1.04%

Gross Profit Margin

3.31%

3.12%

Efficiency Ratios

Current asset turnover

7.09x

2.87x

Asset Turnover

2.41x

1.21x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

929,170

-655,152

EBITDA

4,116,123

1,636,850

Bookvalue (BV)

94,937,854

94,178,003

Liquidity Ratios

Current Ratio

66.5%

80.36%

Quick ratio

57.15%

67.54%

Doom's day ratio

0.11%

3.21%

Cash Flow to Debt

-15.39%

-12.26%

Leverage Ratios

Leverage ratio

227.09%

230.06%

Interest Coverage Ratio

5,356.41%

31,505.53%

Debt to equity

127.09%

130.06%

Debt to total assets

55.96%

56.53%

Long Term Debt to Capital

9.96%

8.22%

Market ratios

Price/Book Ratio

0.41

0.44

Trend Ratios

Revenue Trend

99.43%

108.63%

Net Income Trend

52.31%

30.42%