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EDU-PASS INC.

Main Activities: Educational Services

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Company Information

Full name
EDU-PASS INC.

Headquarters
RM.1305,E&C VENTURE DREAM TOWER 2CHA, 197-10, GURO 4-DONG, GURO-GU, SEOUL; Seoul; Seoul; 152719
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: TAESUNG (2011)
Incorporation Date: July 11, 1985
Total Employees: 53

Tel: 02-510-0700

Company Description

Sales in the first half increased with increased sales of education service line after M&A with HLA Law Institute. Operating income and net profit increased with revenue structure improved by merger. Relatively solid financial structure is maintained though debt ratio increased with bonds issued to raise funds for acquiring subsidiaries. Stable sales will continue with 70% share of newspaper production system market. Profit will increase by diversifying into education service by acquiring Woori
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Company Analysis

According to the Individual - Audited financial statement for the Year of 2010, total net operating revenues decreased with -8.06%, from KRW 13,935,428 thousands to KRW 12,811,723 thousands. Operating result increased from KRW -1,123,582 thousands to KRW -32,865 thousands which means 97.07% change. The results of the period decreased -184.77% reaching KRW -12,041,607 thousands at the end of the period against KRW -4,228,518 thousands last year. Return on equity (Net income/Total equity) went from -25.94% to -149.03%, the Return On Asset (Net income / Total Asset) went from -15.32% to -86.00% and the Net Profit Margin (Net Income/Net Sales) went from -30.34% to -93.99% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 73.28% compared to 69.31% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 3.77 to 0.76 when compared to the previous year.

Key Executives

Lee,Jun Il President
Im,Jae Hak Non-Executive Independent Director
Park,Eun Il Non-Executive Independent Director
Park,Sang Heon Non-Executive Independent Director
Gwon,Tae Ro Auditor
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Balance Sheet

Total Assets

14,001,084

29,589,360

Current Assets

3,916,998

13,065,910

Total Liabilities

5,921,136

14,714,776

Shareholders Equity

8,079,948

14,874,584

Current Liabilities

5,185,994

14,052,116

* All the accounts are in KRW.
Income Statement

Total Operating Revenue

12,811,723

6,239,591

Operational Profit (Loss)

-32,865

-376,942

Net Profit (Loss)

-12,041,607

-2,718,262

* All the accounts are in KRW.
Ratios
Profitability Ratios

Return on Assets (ROA)

-86%

-9.19%

Return on Equity (ROE)

-149.03%

-18.27%

Return on Sales (ROS)

-93.99%

-43.56%

Return on Capital

-136.6%

-17.5%

Gross Profit Margin

34.91%

34.23%

Efficiency Ratios

Current asset turnover

3.27x

0.48x

Asset Turnover

0.92x

0.21x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-13,729,499

-3,605,009

EBITDA

755,485

4,677

Bookvalue (BV)

8,079,948

14,874,584

Liquidity Ratios

Current Ratio

75.53%

92.98%

Quick ratio

75.53%

92.98%

Doom's day ratio

10.61%

11.71%

Cash Flow to Debt

-32.6%

-5.67%

Leverage Ratios

Leverage ratio

173.28%

198.93%

Interest Coverage Ratio

-613.41%

-206.54%

Debt to equity

73.28%

98.93%

Debt to total assets

42.29%

49.73%

Long Term Debt to Capital

8.34%

4.26%

Market ratios

Price/Book Ratio

1.57

1.81

Trend Ratios

Revenue Trend

91.94%

94.44%

Net Income Trend

284.77%

161.15%