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Bong Shin (005350)   STOCK
 
Address 530,GAJWA 3-DONG, SEO-GU, INCHEON
Home Page www.bongshin.co.kr
Established 1967.12.26 Tel 032-590-8800
Listed 1988. 8.12 IR
Common shares O/S 75,236,415 President Jeong,In Hyeon
Preferred shares O/S No.of Employees 298(2007. 6)
Firm's year-on-year rose, due to an effect of only one month of sales in the marine shipping transport sector being reflected, as the firm merged Sunwoo Shipping in June 2006. Firm's net profit sharply rose, because of increase in gain on foreign currency transaction and gain on disposition of tangible assets. Firm shows somewhat unstable financial structure including short-term loans burden along with high liquid debt ratio and interest expense burden and high dependency on borrowings.
Firm's sales increase is expected, in view of prospected demand expansion in the machine casting, deriving from facility expansion in the tire industry from booming auto industry, and full-fledged sales in marine transportation biz. Firm's profitability improvement is forecast to be slightly limited with much initial depreciation, since the firm uses declining balance method for depreciation in the marine shipping sector. Firm's financial structure is likely to be more unstable, in view of firm's investment in ships worth KRW 94.7 billion including three bulk ships, according to its mid and long-term ship securing plan.
(date: 2007.06, unit : %)
Name SUNWOO MERCHANT MARINE
Portion 53.1
(unit : %)
Sales Marine Transport 64.1 Cost Raw Materials 12.6
Machine Castings 20.0 Labors 4.5
Rubber Plastic Processing Machine 7.2 Overhead 82.7
(Unit : 100Mn.Won,Won)
Year 04. 4 05. 9 06. 6 ~06.12    -
Type SD SS MA CB
Amount 2.79  500.00  248.85  27.65  -