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ROMANSON CO.,LTD.

Main Activities: Navigational, Measuring, Electromedical, and Control Instruments Manufacturing

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Company Information

Full name
ROMANSON CO.,LTD.

Headquarters
77-1, GARAKBON-DONG, SONGPA-GU, SEOUL; Seoul; Seoul; 138803
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: SAMDEOK (2011)
Incorporation Date: April 14, 1988
Total Employees: 309

Tel: 02-2190-7000

Company Description

Sales and operating income decreased as export decreased because of Russian import tariff raised and watch line is slow. Profitability improvement is delayed with sales and admin expenses increased by launch of jewelry stores. Russia-based Business Watch Impex has agreed to import minimum five million worth Romanson brand watches. Export sales will recover with the supply contract signed with Russia-based Business Watch Impex. The domestic market demand is limited and sales will be slow while import
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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 17.48%, from KRW 45,497,119 thousands to KRW 53,451,499 thousands. Operating result increased from KRW 2,594,786 thousands to KRW 4,871,013 thousands which means 87.72% change. The results of the period increased 17.28% reaching KRW 3,952,418 thousands at the end of the period against KRW 3,370,068 thousands last year. Return on equity (Net income/Total equity) went from 7.75% to 7.98%, the Return On Asset (Net income / Total Asset) went from 4.23% to 4.28% and the Net Profit Margin (Net Income/Net Sales) went from 7.41% to 7.39% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 86.38% compared to 83.28% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.75 to 1.55 when compared to the previous year.

Key Executives

Kim,Ki Seok President
Kim,Jong Seop Non-Executive Independent Director
Kim,Chang Seop Auditor
Jang,Ho Seon Senior Managing Director
Kim,Gi Mun Chairperson

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Balance Sheet

Total Assets

92,279,374

88,608,125

Current Assets

64,859,934

62,376,227

Total Liabilities

42,768,325

43,336,362

Shareholders Equity

49,511,049

45,271,762

Current Liabilities

41,767,404

41,857,769

* All the accounts are in KRW.
Income Statement

Total Operating Revenue

53,451,499

95,214,984

Operational Profit (Loss)

4,871,013

6,255,225

Net Profit (Loss)

3,952,418

4,319,668

* All the accounts are in KRW.
Ratios
Profitability Ratios

Return on Assets (ROA)

4.28%

4.88%

Return on Equity (ROE)

7.98%

9.54%

Return on Sales (ROS)

7.39%

4.54%

Return on Capital

7.82%

9.24%

Gross Profit Margin

58.96%

57.67%

Efficiency Ratios

Current asset turnover

0.82x

1.53x

Asset Turnover

0.58x

1.07x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

2,248,658

2,252,613

EBITDA

4,967,949

6,427,248

Bookvalue (BV)

47,294,654

43,179,023

Liquidity Ratios

Current Ratio

155.29%

149.02%

Quick ratio

95.68%

93.08%

Doom's day ratio

23.61%

22.96%

Cash Flow to Debt

0.61%

-6.11%

Leverage Ratios

Leverage ratio

186.38%

195.72%

Interest Coverage Ratio

1,061.62%

560.91%

Debt to equity

86.38%

95.72%

Debt to total assets

46.35%

48.91%

Long Term Debt to Capital

1.98%

3.16%

Market ratios

Price/Book Ratio

1.59

0.90

Trend Ratios

Revenue Trend

117.48%

108.68%

Net Income Trend

117.28%

61.65%