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SOOSUNG LIFT MFG. CO.,LTD.

Main Activities: Agriculture, Construction, and Mining Machinery Manufacturing

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Company Information

Full name
SOOSUNG LIFT MFG. CO.,LTD.

Headquarters
673-18, GYEONGSEO-DONG, SEO-GU, INCHEON; Incheon; Incheon; 404170
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: WITH (2011)
Incorporation Date: April 1, 1982
Total Employees: 62

Tel: 032-820-5160

Company Description

Revenue declined, due to production glitches stemming from the relocation of a factory, and expanding sales of less profitable small-sized folk lift trucks. Operating profit declined due to poor export profitability stemming from the strong won, and production glitches stemming from relocation of a factory, though cost ratio improved thanks to a drop in raw materials prices. Net profit increased drastically, as it retained 5.2 billion won in gains from sell-off of its production plant in Namdong,
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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 0.41%, from KRW 14,256,781 thousands to KRW 14,315,230 thousands. Operating result decreased from KRW 2,481,606 thousands to KRW 1,823,179 thousands which means -26.53% change. The results of the period decreased -3.36% reaching KRW 1,649,679 thousands at the end of the period against KRW 1,707,012 thousands last year. Return on equity (Net income/Total equity) went from 9.21% to 7.30%, the Return On Asset (Net income / Total Asset) went from 3.23% to 3.39% and the Net Profit Margin (Net Income/Net Sales) went from 11.97% to 11.52% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 115.02% compared to 185.52% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.60 to 0.64 when compared to the previous year.

Key Executives

Yu,Dong U Auditor
Baek,Sung Hwan Senior Managing Director
Lee,Hye Ja Chairperson
Kim,Jun Seok Executive Director
Kim,Jung Tae Executive Director

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Balance Sheet

Total Assets

48,595,079

49,557,482

Current Assets

16,000,844

15,563,097

Total Liabilities

25,995,134

28,607,216

Shareholders Equity

22,599,945

20,950,266

Current Liabilities

24,912,712

26,679,468

* All the accounts are in KRW.
Income Statement

Total Operating Revenue

14,315,230

31,927,492

Operational Profit (Loss)

1,823,179

3,815,182

Net Profit (Loss)

1,649,679

4,106,958

* All the accounts are in KRW.
Ratios
Profitability Ratios

Return on Assets (ROA)

3.39%

8.29%

Return on Equity (ROE)

7.3%

19.6%

Return on Sales (ROS)

11.52%

12.86%

Return on Capital

6.97%

17.95%

Gross Profit Margin

24.87%

22.03%

Efficiency Ratios

Current asset turnover

0.89x

2.05x

Asset Turnover

0.29x

0.64x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

964,204

1,931,334

EBITDA

1,833,046

3,834,493

Bookvalue (BV)

22,532,411

20,872,865

Liquidity Ratios

Current Ratio

64.23%

58.33%

Quick ratio

36.84%

37.39%

Doom's day ratio

4.12%

4.07%

Cash Flow to Debt

-0.23%

-2.66%

Leverage Ratios

Leverage ratio

215.02%

236.55%

Interest Coverage Ratio

692.5%

861.06%

Debt to equity

115.02%

136.55%

Debt to total assets

53.49%

57.73%

Long Term Debt to Capital

4.57%

8.43%

Market ratios

Price/Book Ratio

0.67

0.65

Trend Ratios

Revenue Trend

100.41%

106.79%

Net Income Trend

96.64%

-17.32%