mirae corporation company profile

Neu Dynamics Corp – CONFIDENTIAL – Prepared by Mirae Corporation Mirae Proprietary Data

2009

Mirae Corporation Company Profile


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)


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.


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 )


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


HandlerHandler

Business Portfolio – Main Products

SMTSMT LED TesterLED Tester


10 New Models

Mx100Mx100P

Mx400Mx400P

Mx800Mx800P

Mx1200Mx1200P

2008

Mx200Mx200P


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


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


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 ]


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


Worldwide Customers (SMT & ATE)


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

mirae corporation company profile

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