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MIRAE ASSET SECURITIES CO.,LTD.

Main Activities: Investment Brokerage and Other Financial Investments

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Company Information

Full name
MIRAE ASSET SECURITIES CO.,LTD.

Headquarters
EAST TOWER,MIRAE ASSET CENTER 1 BLDG.,67, SUHA-DONG, JUNG-GU, SEOUL; Seoul; Seoul; 150994
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: Deloitte Touche Tohmatsu (2011)
Incorporation Date: December 2, 1999
Total Employees: 1,884

Tel: 02-3774-1700

Company Description

Mirae Asset Securities equity fund balance was 16.5 trillion won as of 2008 June end, No. 1 among all Korean securities companies. Overseas and domestic equity funds grew by 21% and 33%, respectively, in 2008 first half. Quality service is provided as equity trading service is provided for stocks listed on Hong Kong Stock Exchange while brokerage market is participated by more institutions. Asset management service is strengthened through online and offline channels (Fundro.com, 152 branches) while
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Company Analysis

According to the Individual - Audited financial statement for the Year of 2012, total net operating revenues increased with 49.71%, from KRW 1,423,831,536 thousands to KRW 2,131,674,351 thousands. Operating result decreased from KRW 182,137,533 thousands to KRW 153,503,397 thousands which means -15.72% change. The results of the period decreased -21.77% reaching KRW 111,180,794 thousands at the end of the period against KRW 142,116,173 thousands last year. Return on equity (Net income/Total equity) went from 7.52% to 5.49%, the Return On Asset (Net income / Total Asset) went from 1.38% to 0.80% and the Net Profit Margin (Net Income/Net Sales) went from 9.98% to 5.22% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 590.09% compared to 444.05% of last year.

Key Executives

Jo,Ung Gi President
An,Seok Gyo Non-Executive Independent Director
Kim,Jung Tak Non-Executive Independent Director
Kim,U Pyeong Non-Executive Independent Director
No,Hui Jin Non-Executive Independent Director
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Balance Sheet

Total Assets

13,974,824

16,744,101

Total Liabilities

11,949,757

14,663,186

Shareholders Equity

2,025,066

2,080,914

* All the accounts are in KRW.
Income Statement

Total Operating Revenue

2,131,674

1,373,390

Operational Profit (Loss)

153,503

91,779

Net Profit (Loss)

111,180

67,995

* All the accounts are in KRW.
Ratios
Profitability Ratios

Return on Assets (ROA)

0.8%

0.41%

Return on Equity (ROE)

5.49%

3.27%

Return on Sales (ROS)

72.43%

74.09%

Operating Profit Margin

84.28%

104.73%

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-172,032

-108,673

Bookvalue (BV)

2,025,066

2,080,914

Liquidity Ratios

Cash Flow to Debt

5%

2.74%

Leverage Ratios

Leverage ratio

690.09%

804.65%

Interest Coverage Ratio

161.29%

159.19%

Debt to equity

590.09%

704.65%

Debt to total assets

85.51%

87.57%

Market ratios

Price/Book Ratio

0.82

0.68

Trend Ratios

Revenue Trend

149.71%

98.62%

Net Income Trend

78.23%

105.56%