NEW EDIG

[cksla]

Picosoft (39580) KOSDAQ
Tel : [phone]
Address : 11TH FL.,DIPLOMACY CENTER,1376-1,SEOCHO 2-DONG,SEOCHO-GU,SEOUL

IR : 02-3460-6200
Home Page : www.picosoft.co.kr


Established 1993. 8.11 President Yu Joo-Han Corporate Bonds

Listed 2000. 7. 6 No. of Employees 53(2002. 6) CP

Group Picosoft Auditor's Opinion Unqualified Times Interest earned -25.25

Asset Reval. - Reference Bank Shinhan



As Korea's leading web-based software rental service (ASP) firm, Picosoft focuses on four business areas: digital media service, interactive gaming services, e-business network, and business service. It cancelled its management change plan with Tiger Pools. Reduced demand for ASP contributed to a sales decrease. Its COGS grew due to its entry into a new business. In addition, losses on valuation of investment securities gnawed its profitability.

Picosoft plans to post an improvement in sales with the help of its grand export plant that takes it to Brazil where it won a contract to supply system solution from a government agency. It also developed a new ADSL VOD set-top box jointly with a US company. Production will start from the fourth quarter. It plans to reduce borrowings and improve financial structure.





Sales Growth (%) R O E(%) Debt Ratio (%) Reserves Ratio(%)
Company - 63.34 Company 108.92 Company 23.32 Company 453
Sector Average - 7.73 Sector Average 1.10 Sector Average 48.73 Sector Average 350

Major Shareholders (%) Companies Invested (%) Payment Guarantee (100Mn.Won)
TigerpoolsINT`L 13.6 Sports toto 2.9 -
Yu Ju-Hwan 6.9 Kicom 39.2 -
-

Cost Breakdown (%) Sales Breakdown (%) Others (100Mn.Won)
Raw Materials 16.1 Sports Promotion Vote System 68.5 Book Value of Land -
Labors 2.8 Computer Accessory 20.8 Declared Val.of Land -
Overhead 80.9 ASP Service 5.7 Foreign Currency Assets -
Export Ratio Foreign Currency Liab. -


(Unit : 100Mn.Won)

Year 01. 4 01. 9 01. 9 01.12 02. 4
Type SD BI RI CB RI
Amount 1.50 7.83 7.46 2.14 0.83


(Unit : %)

Distribution - 1999.12.29 2000.12.31 2001.12.31
Government Body - - - -
Financial Institutions - - 6.80 0.70
Securities Houses - - - -
Insurance Companies - - - -
Other Legal Entities - 10.50 4.00 11.10
Foreigners - - - 0.10
Individual Investors - 89.50 89.20 88.10




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