넥스턴 유가증권신고서

<P>2000년 7월 (주)케이엠더블유의 공작기계사업부가 분사</P> <P> </P> <P> 환율변동과 원가율 변동 현황 】 <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=1> <THEAD> <TR> <TH vAlign=center align=middle width=149><BR></TH> <TH vAlign=center align=middle width=113>2003년</TH> <TH vAlign=center align=middle width=113>2004년</TH> <TH vAlign=center align=middle width=113>2005년</TH> <TH vAlign=center align=middle width=112>2006년 상반기</TH></TR></THEAD> <TBODY> <TR> <TD vAlign=center align=middle width=149>원/엔 환율(원/엔)</TD> <TD vAlign=center align=middle width=113>1,029.76</TD> <TD vAlign=center align=middle width=113>1,058.76</TD> <TD vAlign=center align=middle width=113>930.66</TD> <TD vAlign=center align=middle width=112>833.59</TD></TR> <TR> <TD vAlign=center align=middle width=149>매출원가율(%)</TD> <TD vAlign=center align=middle width=113>76.57</TD> <TD vAlign=center align=middle width=113>79.53</TD> <TD vAlign=center align=middle width=113>76.57</TD> <TD vAlign=center align=middle width=112>71.90</TD></TR></TBODY></TABLE> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=0> <TBODY> <TR> <TD vAlign=top align=left width=600>주1) 연도별 원/엔 환율은 연평균 환율임<BR></TD></TR></TBODY></TABLE></P> <P>대기업이 독과점하고 있는 CNC자동선반 분야에서 후발업체</P> <P>핵심 기술이라고 할 수 있는 NC(수치제어 시스템)에 대한 원천기술은 없는 상태</P> <P> </P> <P>시장경쟁 상황<BR> <BR>현재 국내에서 동사와 같은 CNC공작기계를 제조판매하는 업체는 6개사가 존재하는 것으로 파악되며, 동사와 같은 중소기업의 숫자는 정확히 파악되지 않습니다. 특히, 동사의 주력제품인 CNC자동선반을 제조하는 업체로는 동사와 한화기계 이외의 국내업체는 존재하지 않는 것으로 파악되고 있습니다.<BR> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=0> <TBODY> <TR> <TD vAlign=top align=middle width=600>【 CNC공작기계 시장 참여사업자 】</TD></TR></TBODY></TABLE> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=637 borderColorLight=black border=1> <THEAD> <TR> <TH align=middle width=108>업 체</TH> <TH align=middle width=132>상장여부</TH> <TH align=middle width=397>비  고</TH></TR></THEAD> <TBODY> <TR> <TD vAlign=center align=middle width=108>화천기공</TD> <TD vAlign=center align=middle width=132>유가증권시장 상장</TD> <TD vAlign=top align=left width=397>- CNC선반, CNC밀링를 제조판매하고 있으며 국내판매는 화천기계와 총판계약을 통해 판매하고 있음</TD></TR> <TR> <TD vAlign=center align=middle width=108>화천기계</TD> <TD vAlign=center align=middle width=132>유가증권시장 상장</TD> <TD vAlign=top align=left width=397>- 범용공작기계 및 CNC공작기계 전문업체<BR>- CNC공작기계부문은 화천기공으로부터 공급받아 국내 판매업 수행</TD></TR> <TR> <TD vAlign=center align=middle width=108>두산인프라코어</TD> <TD vAlign=center align=middle width=132>유가증권시장 상장</TD> <TD vAlign=top align=left width=397>- 주요제품의 국내 시장점유율은 굴삭기 43%, 지게차 59.9%, 공작기계 35% 수준</TD></TR> <TR> <TD vAlign=center align=middle width=108>S&T중공업</TD> <TD vAlign=center align=middle width=132>유가증권시장 상장</TD> <TD vAlign=top align=left width=397>- 자동차 구동장치 및 산업용 공작기계 제조업체<BR>- 매출구성 : 자동차 구동장치 53.8%, 공작기계(머시닝센터, NC선반, 범용기구 등) 13.4%, 주물주조 10.7%</TD></TR> <TR> <TD vAlign=center align=middle width=108>봉신</TD> <TD vAlign=center align=middle width=132>유가증권시장 상장</TD> <TD vAlign=top align=left width=397>- 기계주물, 고무플라스틱 가공기계, 공작기계 전문업체<BR>- 2005사업연도 공작기계 매출비중이 전체매출의 14% 수준</TD></TR> <TR> <TD vAlign=center align=middle width=108>한화기계</TD> <TD vAlign=center align=middle width=132>비상장</TD> <TD vAlign=top align=left width=397>- CNC자동선반을 제조판매하고 있음<BR>- 시장에서 동사와 직접적인 경쟁관계에 있음</TD></TR></TBODY></TABLE></P> <P></P> <P> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=0> <TBODY> <TR> <TD vAlign=top align=middle width=600>【 CNC공작기계 업체 경영실적 】</TD></TR> <TR> <TD vAlign=top align=right width=600>(단위 : 백만원)</TD></TR></TBODY></TABLE> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=622 borderColorLight=black border=1> <THEAD> <TR> <TH vAlign=center align=middle width=112 rowSpan=2>구분</TH> <TH vAlign=center align=middle width=255 colSpan=3>2005년</TH> <TH vAlign=center align=middle width=255 colSpan=3>2004년</TH></TR> <TR> <TH vAlign=center align=middle width=85>매출액</TH> <TH vAlign=center align=middle width=85>영업이익</TH> <TH vAlign=center align=middle width=85>순이익</TH> <TH vAlign=center align=middle width=85>매출액</TH> <TH vAlign=center align=middle width=85>영업이익</TH> <TH vAlign=center align=middle width=85>순이익</TH></TR></THEAD> <TBODY> <TR> <TD vAlign=center align=middle width=112>화천기공</TD> <TD vAlign=center align=right width=85>123,415</TD> <TD vAlign=center align=right width=85>9,459</TD> <TD vAlign=center align=right width=85>8,601</TD> <TD vAlign=center align=right width=85>103,219</TD> <TD vAlign=center align=right width=85>4,286</TD> <TD vAlign=center align=right width=85>5,483</TD></TR> <TR> <TD vAlign=center align=middle width=112>화천기계</TD> <TD vAlign=center align=right width=85>141,975</TD> <TD vAlign=center align=right width=85>6,987</TD> <TD vAlign=center align=right width=85>5,521</TD> <TD vAlign=center align=right width=85>141,907</TD> <TD vAlign=center align=right width=85>6,071</TD> <TD vAlign=center align=right width=85>4,289</TD></TR> <TR> <TD vAlign=center align=middle width=112>두산인프라코어</TD> <TD vAlign=center align=right width=85>2,815,256</TD> <TD vAlign=center align=right width=85>174,532</TD> <TD vAlign=center align=right width=85>135,576</TD> <TD vAlign=center align=right width=85>2,860,636</TD> <TD vAlign=center align=right width=85>210,055</TD> <TD vAlign=center align=right width=85>123,025</TD></TR> <TR> <TD vAlign=center align=middle width=112>S&T중공업</TD> <TD vAlign=center align=right width=85>278,219</TD> <TD vAlign=center align=right width=85>15,478</TD> <TD vAlign=center align=right width=85>17,141</TD> <TD vAlign=center align=right width=85>263,780</TD> <TD vAlign=center align=right width=85>8,353</TD> <TD vAlign=center align=right width=85>25,739</TD></TR> <TR> <TD vAlign=center align=middle width=112>봉신</TD> <TD vAlign=center align=right width=85>67,189</TD> <TD vAlign=center align=right width=85>4,188</TD> <TD vAlign=center align=right width=85>3,383</TD> <TD vAlign=center align=right width=85>63,092</TD> <TD vAlign=center align=right width=85>4,720</TD> <TD vAlign=center align=right width=85>2,917</TD></TR> <TR> <TD vAlign=center align=middle width=112>한화기계</TD> <TD vAlign=center align=right width=85>243,268</TD> <TD vAlign=center align=right width=85>21,054</TD> <TD vAlign=center align=right width=85>5,078</TD> <TD vAlign=center align=right width=85>175,835</TD> <TD vAlign=center align=right width=85>9,307</TD> <TD vAlign=center align=right width=85>4,242</TD></TR></TBODY></TABLE> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=0> <TBODY> <TR> <TD vAlign=top align=left width=600>※ 자료 : 각사 사업보고서</TD></TR></TBODY></TABLE></P> <P> </P> <P> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=0> <TBODY> <TR> <TD vAlign=top align=middle width=600>【 한화기계와 매출비교 】</TD></TR></TBODY></TABLE> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=595 borderColorLight=black border=1> <THEAD> <TR> <TH align=middle width=85 rowSpan=2>구분</TH> <TH align=middle width=170 colSpan=2>2003년</TH> <TH align=middle width=170 colSpan=2>2004년</TH> <TH align=middle width=170 colSpan=2>2005년</TH></TR> <TR> <TH align=middle width=85>한화기계</TH> <TH align=middle width=85>넥스턴</TH> <TH align=middle width=85>한화기계</TH> <TH align=middle width=85>넥스턴</TH> <TH align=middle width=85>한화기계</TH> <TH align=middle width=85>넥스턴</TH></TR></THEAD> <TBODY> <TR> <TD vAlign=top align=middle width=85>매출액</TD> <TD vAlign=top align=right width=85>214억원</TD> <TD vAlign=top align=right width=85>107억원</TD> <TD vAlign=top align=right width=85>279억원</TD> <TD vAlign=top align=right width=85>153억원</TD> <TD vAlign=top align=right width=85>285억원</TD> <TD vAlign=top align=right width=85>166억원</TD></TR> <TR> <TD vAlign=top align=middle width=85>판매대수</TD> <TD vAlign=top align=right width=85>236대</TD> <TD vAlign=top align=right width=85>91대</TD> <TD vAlign=top align=right width=85>303대</TD> <TD vAlign=top align=right width=85>133대</TD> <TD vAlign=top align=right width=85>311대</TD> <TD vAlign=top align=right width=85>148대</TD></TR> <TR> <TD vAlign=top align=middle width=85>판매단가</TD> <TD vAlign=top align=right width=85>9,068만원</TD> <TD vAlign=top align=right width=85>11,758만원</TD> <TD vAlign=top align=right width=85>9,208만원</TD> <TD vAlign=top align=right width=85>11,504만원</TD> <TD vAlign=top align=right width=85>9,164만원</TD> <TD vAlign=top align=right width=85>11,216만원</TD></TR> <TR> <TD vAlign=top align=middle width=85>점유율</TD> <TD vAlign=top align=right width=85>66.67%</TD> <TD vAlign=top align=right width=85>33.33%</TD> <TD vAlign=top align=right width=85>64.58%</TD> <TD vAlign=top align=right width=85>35.42%</TD> <TD vAlign=top align=right width=85>63.19%</TD> <TD vAlign=top align=right width=85>36.81%</TD></TR></TBODY></TABLE> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=0> <TBODY> <TR> <TD vAlign=top align=left width=600>주1) 한화기계는 CNC자동선반 매출액, 넥스턴은 전체 매출액 기준임<BR>※ 자료 : 각사 자료</TD></TR></TBODY></TABLE></P> <P> </P> <P>사업내용의 유사성기준을 충족하는 업체현황 <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=927 borderColorLight=black border=1> <THEAD> <TR> <TH vAlign=center align=middle width=45>No.</TH> <TH vAlign=center align=middle width=101>시장구분</TH> <TH vAlign=center align=middle width=137> 회사명 </TH> <TH vAlign=center align=middle width=106>표준산업분류</TH> <TH vAlign=center align=middle width=461> 주요제품 </TH> <TH vAlign=center align=middle width=77>선정여부</TH></TR></THEAD> <TBODY> <TR> <TD vAlign=center align=middle width=45>1</TD> <TD vAlign=center align=middle width=101>유가증권시장</TD> <TD vAlign=center align=left width=137>계양전기(주)</TD> <TD vAlign=center align=middle width=106>D29200</TD> <TD vAlign=center align=left width=461>전동공구(그라인더,드릴,커팅머신),자동차용 D.C모터</TD> <TD vAlign=center align=middle width=77>O</TD></TR> <TR> <TD vAlign=center align=middle width=45>2</TD> <TD vAlign=center align=middle width=101>유가증권시장</TD> <TD vAlign=center align=left width=137>화천기공(주)</TD> <TD vAlign=center align=middle width=106>D29200</TD> <TD vAlign=center align=left width=461>CNC선반,CNC밀링,연마기(금속공작기계),MC공작기계,COPY밀링기계</TD> <TD vAlign=center align=middle width=77>O</TD></TR> <TR> <TD vAlign=center align=middle width=45>3</TD> <TD vAlign=center align=middle width=101>코스닥시장</TD> <TD vAlign=center align=left width=137>(주)한광</TD> <TD vAlign=center align=middle width=106>D29200</TD> <TD vAlign=center align=left width=461>레이저가공 절단기</TD> <TD vAlign=center align=middle width=77>O</TD></TR> <TR> <TD vAlign=center align=middle width=45>4</TD> <TD vAlign=center align=middle width=101>코스닥시장</TD> <TD vAlign=center align=left width=137>엠텍반도체(주)</TD> <TD vAlign=center align=middle width=106>D29200</TD> <TD vAlign=center align=left width=461>와이어컷 방전가공기,초경 및 단조금형,자동차부품 금형 </TD> <TD vAlign=center align=middle width=77>O</TD></TR> <TR> <TD vAlign=center align=middle width=45>5</TD> <TD vAlign=center align=middle width=101>코스닥시장</TD> <TD vAlign=center align=left width=137>디와이(주)</TD> <TD vAlign=center align=middle width=106>D29300</TD> <TD vAlign=center align=left width=461>몰드베이스,공구류,비철금속제품,일반기계,부품,공작기계</TD> <TD vAlign=center align=middle width=77>O</TD></TR> <TR> <TD vAlign=center align=middle width=45>6</TD> <TD vAlign=center align=middle width=101>코스닥시장</TD> <TD vAlign=center align=left width=137>(주)제이엠피</TD> <TD vAlign=center align=middle width=106>D29300</TD> <TD vAlign=center align=left width=461>금형,플라스틱사출성형,자동차부품,진공청소기용부품 </TD> <TD vAlign=center align=middle width=77>O</TD></TR> <TR> <TD vAlign=center align=middle width=45>7</TD> <TD vAlign=center align=middle width=101>코스닥시장</TD> <TD vAlign=center align=left width=137>(주)티에스엠텍</TD> <TD vAlign=center align=middle width=106>D29300</TD> <TD vAlign=center align=left width=461>티타늄 에쳐</TD> <TD vAlign=center align=middle width=77>O</TD></TR> <TR> <TD vAlign=center align=middle width=45>8</TD> <TD vAlign=center align=middle width=101>코스닥시장</TD> <TD vAlign=center align=left width=137>화우테크놀러지(주)</TD> <TD vAlign=center align=middle width=106>D29300</TD> <TD vAlign=center align=left width=461>자동화기계(CNC 조각기,Light Panel) </TD></TR></TBODY></TABLE></P> <P> </P> <P>PER를 이용한 비교가치의 산출</P> <P><BR>① 2005사업연도 평균PER : 14.65배</P> <P> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=599 borderColorLight=black border=1> <THEAD> <TR> <TH vAlign=center align=middle width=150>구    분</TH> <TH vAlign=center align=middle width=115>화천기공</TH> <TH vAlign=center align=middle width=115>한광</TH> <TH vAlign=center align=middle width=115>티에스엠텍</TH> <TH vAlign=center align=middle width=104>계양전기</TH></TR></THEAD> <TBODY> <TR> <TD vAlign=top align=left width=150>당기순이익(천원)</TD> <TD vAlign=top align=right width=115>8,601,040 </TD> <TD vAlign=top align=right width=115>1,902,301 </TD> <TD vAlign=top align=right width=115>10,086,972 </TD> <TD vAlign=top align=right width=104>2,258,927 </TD></TR> <TR> <TD vAlign=top align=left width=150>발행주식총수(주) </TD> <TD vAlign=top align=right width=115>1,680,000 </TD> <TD vAlign=top align=right width=115>15,790,400 </TD> <TD vAlign=top align=right width=115>9,105,000 </TD> <TD vAlign=top align=right width=104>32,600,000 </TD></TR> <TR> <TD vAlign=top align=left width=150>주당순이익(원)</TD> <TD vAlign=top align=right width=115>5,120 </TD> <TD vAlign=top align=right width=115>120 </TD> <TD vAlign=top align=right width=115>1,108 </TD> <TD vAlign=top align=right width=104>69 </TD></TR> <TR> <TD vAlign=top align=left width=150>기준주가(원)</TD> <TD vAlign=top align=right width=115>23,719 </TD> <TD vAlign=top align=right width=115>1,332 </TD> <TD vAlign=top align=right width=115>17,751 </TD> <TD vAlign=top align=right width=104>1,851 </TD></TR> <TR> <TD vAlign=top align=left width=150>PER(배)</TD> <TD vAlign=top align=right width=115>4.63 </TD> <TD vAlign=top align=right width=115>11.10 </TD> <TD vAlign=top align=right width=115>16.02 </TD> <TD vAlign=top align=right width=104>26.83 </TD></TR></TBODY></TABLE> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=0> <TBODY> <TR> <TD vAlign=top align=left width=600>주1) 비교회사의 모든 재무수치는 금융감독원에 공시된 각사의 2005사업연도 사업보고서<BR>      (감사보고서)를 참조함.<BR>주2) 비교회사 PER = 기준주가 / 주당 순이익<BR>주3) 평균 PER : 비교회사의 산술평균 PER임.</TD></TR></TBODY></TABLE></P> <P></P> <P>② 2006사업연도 평균PER : 8.55배</P> <P> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=598 borderColorLight=black border=1> <THEAD> <TR> <TH vAlign=center align=middle width=150>구    분</TH> <TH vAlign=center align=middle width=112>화천기공</TH> <TH vAlign=center align=middle width=112>한광</TH> <TH vAlign=center align=middle width=112>티에스엠텍</TH> <TH vAlign=center align=middle width=112>계양전기</TH></TR></THEAD> <TBODY> <TR> <TD vAlign=top align=left width=150>당기순이익(천원)</TD> <TD vAlign=top align=right width=112>10,351,568 </TD> <TD vAlign=top align=right width=112>3,274,224 </TD> <TD vAlign=top align=right width=112>11,690,084 </TD> <TD vAlign=top align=right width=112>7,031,754 </TD></TR> <TR> <TD vAlign=top align=left width=150>발행주식총수(주) </TD> <TD vAlign=top align=right width=112>2,200,000 </TD> <TD vAlign=top align=right width=112>15,790,400 </TD> <TD vAlign=top align=right width=112>9,320,416 </TD> <TD vAlign=top align=right width=112>32,600,000 </TD></TR> <TR> <TD vAlign=top align=left width=150>주당순이익(원)</TD> <TD vAlign=top align=right width=112>4,705 </TD> <TD vAlign=top align=right width=112>207 </TD> <TD vAlign=top align=right width=112>1,254 </TD> <TD vAlign=top align=right width=112>216 </TD></TR> <TR> <TD vAlign=top align=left width=150>기준주가(원)</TD> <TD vAlign=top align=right width=112>23,719 </TD> <TD vAlign=top align=right width=112>1,332 </TD> <TD vAlign=top align=right width=112>17,751 </TD> <TD vAlign=top align=right width=112>1,851 </TD></TR> <TR> <TD vAlign=top align=left width=150>PER(배)</TD> <TD vAlign=top align=right width=112>5.04 </TD> <TD vAlign=top align=right width=112>6.43 </TD> <TD vAlign=top align=right width=112>14.16 </TD> <TD vAlign=top align=right width=112>8.57 </TD></TR></TBODY></TABLE> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=0> <TBODY> <TR> <TD vAlign=top align=left width=600>주1) 비교회사의 모든 재무수치는 금융감독원에 공시된 각사의 2005사업연도 사업보고서<BR>      (감사보고서)를 참조함.<BR>주2) 비교회사 PER = 기준주가 / 주당 순이익<BR>주3) 평균 PER : 비교회사의 산술평균 PER임.<BR>주4) 당기순이익과 주당순이익은 반기실적을 연환산한 수치임</TD></TR></TBODY></TABLE></P> <P></P> <P>③  PER를 적용한 ㈜넥스턴의 비교가치</P> <P> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=1> <THEAD> <TR> <TH align=middle width=200>구    분</TH> <TH align=middle width=200>2005사업연도</TH> <TH align=middle width=200>2006사업연도</TH></TR></THEAD> <TBODY> <TR> <TD vAlign=top align=left width=200>당기순이익(천원)</TD> <TD vAlign=top align=right width=200>1,646,736 </TD> <TD vAlign=top align=right width=200>2,911,566 </TD></TR> <TR> <TD vAlign=top align=left width=200>가중평균주식수(주) </TD> <TD vAlign=top align=right width=200>4,000,000 </TD> <TD vAlign=top align=right width=200>4,300,822 </TD></TR> <TR> <TD vAlign=top align=left width=200>주당순이익(원)</TD> <TD vAlign=top align=right width=200>412 </TD> <TD vAlign=top align=right width=200>677 </TD></TR> <TR> <TD vAlign=top align=left width=200>비교회사 평균PER(배)</TD> <TD vAlign=top align=right width=200>14.65 </TD> <TD vAlign=top align=right width=200>8.55 </TD></TR> <TR> <TD vAlign=top align=left width=200>비교가치(원)</TD> <TD vAlign=top align=right width=200>6,036 </TD> <TD vAlign=top align=right width=200>5,788 </TD></TR> <TR> <TD vAlign=top align=left width=200>평가가치</TD> <TD vAlign=top align=middle width=400 colSpan=2>5,912원</TD></TR></TBODY></TABLE> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=0> <TBODY> <TR> <TD vAlign=top align=left width=600>주1) 2005사업연도의 당기순이익 및 주당순이익은 감사보고서 상의 수치임. <BR>주2) 2006사업연도 당기순이익은 반기검토보고서 상의 수치를 연환산한 것이며, 주당 순이익      은 금번 상장공모를 감안한 가중평균주식수를 적용하여 산출한 것임.<BR>주3) 비교가치 = 비교회사 평균PER × 각 사업연도 주당순이익<BR>주5) 평가가치 평균 = (`05사업연도 비교가치+ `06사업연도 비교가치) ÷2</TD></TR></TBODY></TABLE></P> <P> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=0> <TBODY> <TR> <TD vAlign=center align=middle width=600>[ 공모 희망가액 제시범위 산출내역 ]</TD></TR></TBODY></TABLE> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=673 borderColorLight=black border=1> <THEAD> <TR> <TH align=middle width=221>구     분</TH> <TH align=middle width=179>금    액</TH> <TH align=middle width=273>비    고</TH></TR></THEAD> <TBODY> <TR> <TD vAlign=top align=left width=221>PER에 의한 평가가치(a)</TD> <TD vAlign=top align=middle width=179>5,912 원</TD> <TD vAlign=center align=middle width=273 rowSpan=2>2005년 및 2006년 반기 실적 기준</TD></TR> <TR> <TD vAlign=top align=left width=221>EV/EBITDA에 의한 평가가치(b)</TD> <TD vAlign=top align=middle width=179>4,165 원</TD></TR> <TR> <TD vAlign=top align=left width=221>평가가치 평균</TD> <TD vAlign=top align=middle width=179>5,039 원</TD> <TD vAlign=top align=middle width=273>[ (a) + (b) ]÷2</TD></TR> <TR> <TD vAlign=top align=left width=221>공모 희망가액</TD> <TD vAlign=top align=middle width=179>3,700원 ~ 4,700원</TD> <TD vAlign=top align=middle width=273>주당 평가가액의 73.43% ~ 93.27%</TD></TR> <TR> <TD vAlign=top align=left width=221>(확정) 공모가액</TD> <TD vAlign=top align=middle width=179>4,100원</TD> <TD vAlign=top align=middle width=273><BR></TD></TR></TBODY></TABLE></P> <P></P> <P> </P> <P>손익계산서 <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=0> <TBODY> <TR> <TD vAlign=center align=right width=600> (단위 : 천원)</TD></TR></TBODY></TABLE> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=630 borderColorLight=black border=1> <THEAD> <TR> <TH align=middle width=100>구    분</TH> <TH align=middle width=106>넥스턴</TH> <TH align=middle width=106>화천기공</TH> <TH align=middle width=106>한광</TH> <TH align=middle width=106>티에스엠텍</TH> <TH align=middle width=106>계양전기</TH></TR></THEAD> <TBODY> <TR> <TD vAlign=top align=middle width=100>매출액</TD> <TD vAlign=top align=right width=106>16,603,873</TD> <TD vAlign=top align=right width=106>123,414,867 </TD> <TD vAlign=top align=right width=106>37,703,714 </TD> <TD vAlign=top align=right width=106>85,351,520 </TD> <TD vAlign=top align=right width=106>115,936,207 </TD></TR> <TR> <TD vAlign=top align=middle width=100>매출총이익</TD> <TD vAlign=top align=right width=106>3,890,009</TD> <TD vAlign=top align=right width=106>22,455,547 </TD> <TD vAlign=top align=right width=106>7,796,340 </TD> <TD vAlign=top align=right width=106>20,466,473 </TD> <TD vAlign=top align=right width=106>17,850,779 </TD></TR> <TR> <TD vAlign=top align=middle width=100>영업이익</TD> <TD vAlign=top align=right width=106>2,334,459</TD> <TD vAlign=top align=right width=106>9,459,386 </TD> <TD vAlign=top align=right width=106>3,371,079 </TD> <TD vAlign=top align=right width=106>12,733,394 </TD> <TD vAlign=top align=right width=106>1,860,364 </TD></TR> <TR> <TD vAlign=top align=middle width=100>경상이익</TD> <TD vAlign=top align=right width=106>2,223,179</TD> <TD vAlign=top align=right width=106>11,367,483 </TD> <TD vAlign=top align=right width=106>2,355,527 </TD> <TD vAlign=top align=right width=106>12,552,623 </TD> <TD vAlign=top align=right width=106>2,538,297 </TD></TR> <TR> <TD vAlign=top align=middle width=100>당기순이익</TD> <TD vAlign=top align=right width=106>1,646,736</TD> <TD vAlign=top align=right width=106>8,601,040 </TD> <TD vAlign=top align=right width=106>1,902,301 </TD> <TD vAlign=top align=right width=106>10,086,972 </TD> <TD vAlign=top align=right width=106>2,258,927 </TD></TR></TBODY></TABLE> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=0> <TBODY> <TR> <TD vAlign=top align=left width=600>주) 각 사의 2005사업연도 감사보고서를 참조함.</TD></TR></TBODY></TABLE></P> <P> </P> <P>손익계산서 <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=0> <TBODY> <TR> <TD vAlign=center align=right width=600>(단위 : 천원)</TD></TR></TBODY></TABLE> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=630 borderColorLight=black border=1> <THEAD> <TR> <TH align=middle width=100>구    분</TH> <TH align=middle width=106>넥스턴</TH> <TH align=middle width=106>화천기공</TH> <TH align=middle width=106>한광</TH> <TH align=middle width=106>티에스엠텍</TH> <TH align=middle width=106>계양전기</TH></TR></THEAD> <TBODY> <TR> <TD vAlign=top align=middle width=100>매출액</TD> <TD vAlign=top align=right width=106>9,146,959</TD> <TD vAlign=top align=right width=106>65,275,947 </TD> <TD vAlign=top align=right width=106>19,415,080 </TD> <TD vAlign=top align=right width=106>56,228,447 </TD> <TD vAlign=top align=right width=106>69,709,600 </TD></TR> <TR> <TD vAlign=top align=middle width=100>매출총이익</TD> <TD vAlign=top align=right width=106>2,569,963</TD> <TD vAlign=top align=right width=106>12,247,895 </TD> <TD vAlign=top align=right width=106>4,270,246 </TD> <TD vAlign=top align=right width=106>12,767,567 </TD> <TD vAlign=top align=right width=106>12,315,018 </TD></TR> <TR> <TD vAlign=top align=middle width=100>영업이익</TD> <TD vAlign=top align=right width=106>1,743,572</TD> <TD vAlign=top align=right width=106>6,365,901 </TD> <TD vAlign=top align=right width=106>2,125,825 </TD> <TD vAlign=top align=right width=106>8,345,938 </TD> <TD vAlign=top align=right width=106>4,235,756 </TD></TR> <TR> <TD vAlign=top align=middle width=100>경상이익</TD> <TD vAlign=top align=right width=106>1,674,772</TD> <TD vAlign=top align=right width=106>7,268,433 </TD> <TD vAlign=top align=right width=106>2,040,219 </TD> <TD vAlign=top align=right width=106>7,483,990 </TD> <TD vAlign=top align=right width=106>4,803,111 </TD></TR> <TR> <TD vAlign=top align=middle width=100>당기순이익</TD> <TD vAlign=top align=right width=106>1,455,783</TD> <TD vAlign=top align=right width=106>5,175,784 </TD> <TD vAlign=top align=right width=106>1,637,112 </TD> <TD vAlign=top align=right width=106>5,845,042 </TD> <TD vAlign=top align=right width=106>3,515,877 </TD></TR></TBODY></TABLE> <TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=0> <TBODY> <TR> <TD vAlign=top align=left width=600>주) 각 사의 2006년 반기검토보고서를 참조함.</TD></TR></TBODY></TABLE></P> <P> </P> <P> </P>