Neu Dynamics Corp – CONFIDENTIAL – Prepared by Mirae Corporation Mirae Proprietary Data
2009
Mirae Corporation Company Profile
Neu Dynamics Corp – CONFIDENTIAL – Prepared by Mirae Corporation Mirae Proprietary Data
Company Overview
Mirae is a global semiconductor equipment supplier with 26 years of market presence since its foundation in 1983. Mirae has been well positioned in the worldwide Handler and SMT market for its entrepreneurship and unceasing technical challenges to develop new product and tailor-made product for customer’s specific needs. Over 10% is used annually in R&D investment and more than 30% are Engineers.
Mirae is a global semiconductor equipment supplier with 26 years of market presence since its foundation in 1983. Mirae has been well positioned in the worldwide Handler and SMT market for its entrepreneurship and unceasing technical challenges to develop new product and tailor-made product for customer’s specific needs. Over 10% is used annually in R&D investment and more than 30% are Engineers.
§Head Office : Cheonan-City, Choongnam, Korea (80km south from Seoul)
§Employee : 300 (R&D ~ 120 Engineers, 40%)
§Capital Stocks : $18 Million ( 18 Billion Korean Won )
§Company Value : $120 Million (Listed on the Korean Major Stock Market)
- First Korean company listed on NASDAQ in USA
§Number of Patents : 745 - Korean Patent (623 Registered)
586 - Foreign Patent (297 Registered)
Neu Dynamics Corp – CONFIDENTIAL – Prepared by Mirae Corporation Mirae Proprietary Data
Income Statement
1.74-2.130.252.81Net Income
3.51-2.981.064.01Operating Income
4.3411.9612.1511.74SG&A expenses
7.858.9713.2115.75Gross profit
32.0439.7347.3870.14Cost of sales
39.8948.7160.5985.89Revenues
2009 2Q(Quarter)2008 (Annual)2007 (Annual)2006 (Annual)
Currency Unit : Million US Dollar
§ Year 2008
- Global economy downturn (Huge deficit on Semiconductor companies)
- Mirae reduced the size of semiconductor business but increased SMT business.
§ Year 2009
- More investment during the bad time can make the company more competitive.
- Samsung, LG and Hyundai have increased their market share during the global economy downturn.
- SMT market has shrunken to 25% compare to the last year but Mirae’s sales has increased to 150%.
- Government support to Mirae to develop high technology LED and SMT machines : USD5 Million
- New investment from share holders : USD 20 Million
* If Mirae does not have the technology and possibility, there will be no investment.
Neu Dynamics Corp – CONFIDENTIAL – Prepared by Mirae Corporation Mirae Proprietary Data
Mirae Facilities
No. 1 FactoryPremises : 214,936 ft2 (19,968 m2 )Building : 117,627 ft2 (10,928 m2 )
No. 3 Factory (Planned)Premises : 204,498 ft2 (18,998 m2 )Current Building : 50,949 ft2 (4,733 m2 )Planned Building : 540,000 ft2 (50,168 m2 )
No. 2 FactoryPremises: 189,221 ft2 (17,579 m2 )Building: 181,527 ft2 (16,864 m2 )
Neu Dynamics Corp – CONFIDENTIAL – Prepared by Mirae Corporation Mirae Proprietary Data
President
WW Sales Division
R&DDivision
Domestic Sales
Division
Quality Assurance
ProductionDivision
Sales Team 1
Sales Team 2
Sales Team 3
WW CS Team 1
San Jose, USA
Hsinchu, Taiwan
Suzhou,China
Shenzhen, China
Shanghai, China
Sales Planning
Sales Team 1
Sales Team 2
CS Team 1
S/W R&DTeam 1
R&D Team 1
R&D Team 2
R&D Team 3
R&D Team 4
R&D Team 5
R&D Team 6
Team 1
Team 2
PurchaseDivision
Procuring Part
Materials Part
Tianjin,China
TIDivision
Sales Team
Probe Card R&D Team
S/W R&DTeam 2
WW CS Team 2
R&D Team 7
R&D Control
CS Team 2
(Hanoi, Vietnam)
Worldwide Offices
Hi-Fix R&D Team
Quality Management
Quality Control
Organization
Neu Dynamics Corp – CONFIDENTIAL – Prepared by Mirae Corporation Mirae Proprietary Data
HandlerHandler
Business Portfolio – Main Products
SMTSMT LED TesterLED Tester
Neu Dynamics Corp – CONFIDENTIAL – Prepared by Mirae Corporation Mirae Proprietary Data
10 New Models
Mx100Mx100P
Mx400Mx400P
Mx800Mx800P
Mx1200Mx1200P
2008
Mx200Mx200P
Neu Dynamics Corp – CONFIDENTIAL – Prepared by Mirae Corporation Mirae Proprietary Data
Extreme Models 2009
Mx12 eXtreme120,000 CPH (Optimal 140,000 CPH)The fastest machine in the world
M seriesModular type machine50,000 CPH per module50,000 x 4M = 200,000 CPH
Neu Dynamics Corp – CONFIDENTIAL – Prepared by Mirae Corporation Mirae Proprietary Data
Mirae maintains a highly flexible and high volume production capability. Our production facility is capable of producing a maximum of 36 Handlers and 100 SMT per month.
Mirae maintains a highly flexible and high volume production capability. Our production facility is capable of producing a maximum of 36 Handlers and 100 SMT per month.
Production Line
HandlerHandlerSMTSMT
Neu Dynamics Corp – CONFIDENTIAL – Prepared by Mirae Corporation Mirae Proprietary Data
SMT Machine Roadmap
19991999
MPS-1010MPS-1010PMPS-1020MPS-1020P
MPS-1030MPS-1030P
20012001
MPS-1025MPS-1025P
MPS-1010aMPS-1020QPa
20032003
MPS-1025cMPS-1025Pc
MPS-1010acMPS-1020QPacMx-240
20052005
Mx-110Mx-110P
Mx-310TMx-310SMx-310QPMK1000
2000
SMT Best award
[ New C-feeder ]
20082008
Mx-100 SeriesMx-200 SeriesMx-400 SeriesMx-800 SeriesMx-1200 Series
[ C-feeder ][α-feeder ]
Neu Dynamics Corp – CONFIDENTIAL – Prepared by Mirae Corporation Mirae Proprietary Data
Year 2008
SMT Machine Segment
Multi Function
Chip Mounter
High Speed (60,000 CPH ~ )
Mid Speed
Low Speed ( ~ 24,000 CPH)
Mx800P
Mx400P
Mx200P
Mx100P
Mx800
Mx400
Mx200
Mx100Mx-110
Mx-110P
Mx-310T/S
Mx-310QP
Mx1200
Year 2007
Neu Dynamics Corp – CONFIDENTIAL – Prepared by Mirae Corporation Mirae Proprietary Data
Worldwide Customers (SMT & ATE)
Neu Dynamics Corp – CONFIDENTIAL – Prepared by Mirae Corporation Mirae Proprietary Data
Worldwide Sales & Service Network
3
4
3
1
7
1 Mirae OfficeAgent
5
2
1. Tyco Electronics (UK)2. Detech (UK)3. Actheon (France)4. Rubroeder (Germany)5. Laryo Srl. (Italy)6. Electron Mec (Italy)7. Robotech AS (Norway)8. Eltraco AB (Denmark, Sweden)9. Danutek KTF (Hungary)10. Renex (Poland)11. BIAKOM (Ukraine)12. Lion Tech (Russia)13. TabeRu (Russia)14. BILGIC (Turkey)15. H. BENTZ (Israel)
28
456
9
10
11
1213
14
15
16. Bergen System (India)17. Crest Systems (Malaysia)18. Zenvoce (Singapore)19 Vina Mirae (Vietnam)20. Gateway (Thailand)21. JINSUNG RAYA (Indonesia)22. Momentum (Philippine)23. Banner Dongguan (China)24. Kince Worldwide (China)25. Banner Shanghai (China)26. Kince Suzhou (China)27. Banner Suzhou (China)28. Kince (Hong Kong)29. Banner (Taiwan)30. Scientek (Taiwan)31. TSSC (Taiwan)32. Samac (Japan)33. EACO (Japan)
34. Tyco Electronics (USA)35. PPM (USA)36. CGTM (USA)37. Celtra (Brazil)38. JS Hanibel (Brazil)
1. Mirae Tainjin (China)2. Mirae Suzhou (China)3. Mirae Shanghai (China)4. Mirae Shenzhen (China)5. Mirae Taiwan (Taiwan)6. Mirae Silicon Valley (USA)7. Mirae Hanoi (Vietnam) Planned
16 1718
1920
2122
232425
2627
28 2930
3236
35
34
3738
6
31
Europe Asia Americas Mirae Office
33