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<P>당사는 97년 설립된 비메모리 반도체 설계 전문회사로서, Camera ISP 기술, Video Controller 기술, Video Codec 기술, Multi-Standard Analog TV Decoder (이하 " Video Decoder" 라 하겠습니다.) 기술들이 적용된 영상처리칩을 현재 당사의 주력 사업분야인 영상보안업계에 제공하고 있습니다. 또한, 당사는 상기 영상보안업계에 제공되던 Video Decoder 기술을 소비자용 영상 가전업계에 적용하기 위해 성능 및 기능의 개선을 위해 노력한 결과 2006년에 소비자용 영상 가전업계향 영상처리칩의 개발을 완료하였으며, 2007년 상반기부터 양산을 시작하였습니다.<BR></P>
<P> 영상보안 기기 주요 생산업체 】
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<THEAD>
<TR>
<TH vAlign=center align=middle width=117>국가</TH>
<TH vAlign=center align=middle width=483>업체명</TH></TR></THEAD>
<TBODY>
<TR>
<TD vAlign=center align=middle width=117>한국</TD>
<TD vAlign=center align=middle width=483>아이디스, 삼성전자, 코디콤, 아구스, 피카소정보통신, 파인트론</TD></TR>
<TR>
<TD vAlign=center align=middle width=117>중국</TD>
<TD vAlign=center align=middle width=483>HIK-VISION, DAHUA, TVT, SHYIN, BLUE STAR</TD></TR>
<TR>
<TD vAlign=center align=middle width=117>대만</TD>
<TD vAlign=center align=middle width=483>EVERFOCUS, AV TEK, DYNACOLOR, HI-SHARP, YOKO, HUNT</TD></TR>
<TR>
<TD vAlign=center align=middle width=117>일본</TD>
<TD vAlign=center align=middle width=483>MATSUSHITA, HITACHI, TOSHIBA, MITSUBISHI, ELMO-TITEK </TD></TR></TBODY></TABLE></P>
<P> </P>
<P>주요제품
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<TBODY>
<TR>
<TD vAlign=top align=right width=633> (단위 : 천원)</TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=631 borderColorLight=black border=1>
<THEAD>
<TR>
<TH vAlign=center align=middle width=95>사업부문</TH>
<TH vAlign=center align=middle width=45>매출유형</TH>
<TH vAlign=center align=middle width=120>품 목</TH>
<TH vAlign=center align=middle width=167>구체적용도</TH>
<TH vAlign=center align=middle width=103>주요상표등</TH>
<TH vAlign=center align=middle width=101>2006년<BR>매출액(비율)</TH></TR></THEAD>
<TBODY>
<TR>
<TD vAlign=center align=middle width=95 rowSpan=2>영상처리칩</TD>
<TD vAlign=center align=middle width=45>제품</TD>
<TD vAlign=center align=middle width=120>영상보안시장향<BR>영상처리칩</TD>
<TD vAlign=center align=middle width=167>영상신호 변환, 화면분할/구성/전송, 영상압축 및 복원</TD>
<TD vAlign=center align=middle width=103>NVP2000A<BR>NVP1000E<BR>NVP1600<BR>NVP3100 외</TD>
<TD vAlign=center align=right width=101>18,210,653<BR>(98.57%)</TD></TR>
<TR>
<TD vAlign=center align=middle width=45>제품</TD>
<TD vAlign=center align=middle width=120>소비자용 <BR>영상가전시장향 영상처리칩</TD>
<TD vAlign=center align=middle width=167>영상신호 변환</TD>
<TD vAlign=center align=middle width=103>NVP7000</TD>
<TD vAlign=center align=right width=101>211<BR>(0.00%)</TD></TR>
<TR>
<TD vAlign=center align=middle width=95>기타</TD>
<TD vAlign=center align=middle width=45>제품</TD>
<TD vAlign=center align=middle width=120>Level Translator</TD>
<TD vAlign=center align=middle width=167>기타</TD>
<TD vAlign=center align=middle width=103>LTV 12.0 외</TD>
<TD vAlign=center align=right width=101>263,778<BR>(1.43%)</TD></TR>
<TR>
<TD vAlign=center align=middle width=530 colSpan=5>합 계</TD>
<TD vAlign=center align=right width=101>18,474,642<BR>(100.00%)</TD></TR></TBODY></TABLE></P>
<P><BR>(2) 매출실적</P>
<P>
<TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=0>
<TBODY>
<TR>
<TD vAlign=top align=right width=600> (단위 : 천원)</TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=599 borderColorLight=black border=1>
<THEAD>
<TR>
<TH vAlign=center align=middle width=50>사업<BR>부문</TH>
<TH vAlign=center align=middle width=61>매출<BR>유형</TH>
<TH vAlign=center align=middle width=164 colSpan=2>품 목</TH>
<TH vAlign=center align=middle width=108>제 10 기<BR>(2006.1.1 - <BR>2006.12.31)</TH>
<TH vAlign=center align=middle width=108>제 9 기<BR>(2005.1.1 -<BR>2005.12.31)</TH>
<TH vAlign=center align=middle width=108>제 8 기<BR>(2004.1.1 -<BR>2004.12.31)</TH></TR></THEAD>
<TBODY>
<TR>
<TD vAlign=center align=middle width=50 rowSpan=9>영상<BR>처리칩부문</TD>
<TD vAlign=center align=middle width=61 rowSpan=6>제품</TD>
<TD vAlign=center align=middle width=119 rowSpan=3>영상보안<BR>시장향<BR>영상처리칩</TD>
<TD vAlign=center align=middle width=45>수 출</TD>
<TD vAlign=center align=right width=108>16,843,039</TD>
<TD vAlign=center align=right width=108>11,113,141</TD>
<TD vAlign=center align=right width=108>7,301,465</TD></TR>
<TR>
<TD vAlign=center align=middle width=45>내 수</TD>
<TD vAlign=center align=right width=108>1,367,614</TD>
<TD vAlign=center align=right width=108>1,877,456</TD>
<TD vAlign=center align=right width=108>2,232,279</TD></TR>
<TR>
<TD vAlign=center align=middle width=45>합 계</TD>
<TD vAlign=center align=right width=108>18,210,653</TD>
<TD vAlign=center align=right width=108>12,990,597</TD>
<TD vAlign=center align=right width=108>9,533,744</TD></TR>
<TR>
<TD vAlign=center align=middle width=119 rowSpan=3>소비자용<BR>영상<BR>가전시장향 영상처리칩 </TD>
<TD vAlign=center align=middle width=45>수 출</TD>
<TD vAlign=center align=right width=108>-</TD>
<TD vAlign=center align=right width=108>-</TD>
<TD vAlign=center align=right width=108>-</TD></TR>
<TR>
<TD vAlign=center align=middle width=45>내 수</TD>
<TD vAlign=center align=right width=108>211</TD>
<TD vAlign=center align=right width=108>-</TD>
<TD vAlign=center align=right width=108>-</TD></TR>
<TR>
<TD vAlign=center align=middle width=45>합 계</TD>
<TD vAlign=center align=right width=108>211</TD>
<TD vAlign=center align=right width=108>-</TD>
<TD vAlign=center align=right width=108>-</TD></TR>
<TR>
<TD vAlign=center align=middle width=61 rowSpan=3>상품</TD>
<TD vAlign=center align=middle width=119 rowSpan=3>Sensor 등</TD>
<TD vAlign=center align=middle width=45>수 출</TD>
<TD vAlign=center align=right width=108>2,181,544</TD>
<TD vAlign=center align=right width=108>1,309,959</TD>
<TD vAlign=center align=right width=108>352,145</TD></TR>
<TR>
<TD vAlign=center align=middle width=45>내 수</TD>
<TD vAlign=center align=right width=108>1,346,272</TD>
<TD vAlign=center align=right width=108>648,206</TD>
<TD vAlign=center align=right width=108>317,537</TD></TR>
<TR>
<TD vAlign=center align=middle width=45>합 계</TD>
<TD vAlign=center align=right width=108>3,527,816</TD>
<TD vAlign=center align=right width=108>1,958,165</TD>
<TD vAlign=center align=right width=108>669,682</TD></TR>
<TR>
<TD vAlign=center align=middle width=50 rowSpan=3>기타<BR>부문</TD>
<TD vAlign=center align=middle width=61 rowSpan=3>제품</TD>
<TD vAlign=center align=middle width=119 rowSpan=3>LT류</TD>
<TD vAlign=center align=middle width=45>수 출</TD>
<TD vAlign=center align=right width=108>-</TD>
<TD vAlign=center align=right width=108>889</TD>
<TD vAlign=center align=right width=108>-</TD></TR>
<TR>
<TD vAlign=center align=middle width=45>내 수</TD>
<TD vAlign=center align=right width=108>263,778</TD>
<TD vAlign=center align=right width=108>1,099,013</TD>
<TD vAlign=center align=right width=108>1,815,764</TD></TR>
<TR>
<TD vAlign=center align=middle width=45>합 계</TD>
<TD vAlign=center align=right width=108>263,778</TD>
<TD vAlign=center align=right width=108>1,099,902</TD>
<TD vAlign=center align=right width=108>1,815,764</TD></TR>
<TR>
<TD vAlign=center align=middle width=230 colSpan=3 rowSpan=3>합 계</TD>
<TD vAlign=center align=middle width=45>수 출</TD>
<TD vAlign=center align=right width=108>19,024,583</TD>
<TD vAlign=center align=right width=108>12,423,989</TD>
<TD vAlign=center align=right width=108>7,653,610</TD></TR>
<TR>
<TD vAlign=center align=middle width=45>내 수</TD>
<TD vAlign=center align=right width=108>2,977,875</TD>
<TD vAlign=center align=right width=108>3,624,675</TD>
<TD vAlign=center align=right width=108>4,365,580</TD></TR>
<TR>
<TD vAlign=center align=middle width=45>합 계</TD>
<TD vAlign=center align=right width=108>22,002,458</TD>
<TD vAlign=center align=right width=108>16,048,664</TD>
<TD vAlign=center align=right width=108>12,019,190</TD></TR></TBODY></TABLE></P>
<P> </P>
<P>주식매수선택권 부여에 따른 주가 희석화
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<THEAD>
<TR>
<TH vAlign=center align=middle width=95>주식의 종류</TH>
<TH vAlign=center align=middle width=90>부여주식수</TH>
<TH vAlign=center align=middle width=97>미행사<BR>주식수</TH>
<TH vAlign=center align=middle width=175>행사기간</TH>
<TH vAlign=center align=middle width=88>행사가격</TH>
<TH vAlign=center align=middle width=89>최근주가</TH>
<TH vAlign=center align=middle width=91>공모가액</TH></TR></THEAD>
<TBODY>
<TR>
<TD vAlign=center align=middle width=95 rowSpan=4>기명식보통주</TD>
<TD vAlign=center align=middle width=90>56,000주</TD>
<TD vAlign=center align=middle width=97>56,000주</TD>
<TD vAlign=center align=middle width=175>2007.05.24~2008.05.23</TD>
<TD vAlign=center align=middle width=88>4,000원</TD>
<TD vAlign=center align=middle width=89>-</TD>
<TD vAlign=center align=middle width=91><BR></TD></TR>
<TR>
<TD vAlign=center align=middle width=90>30,000주</TD>
<TD vAlign=center align=middle width=97>30,000주</TD>
<TD vAlign=center align=middle width=175>2008.05.24~2009.05.23</TD>
<TD vAlign=center align=middle width=88>4,000원</TD>
<TD vAlign=center align=middle width=89>-</TD>
<TD vAlign=center align=middle width=91><BR></TD></TR>
<TR>
<TD vAlign=center align=middle width=90>20,000주</TD>
<TD vAlign=center align=middle width=97>20,000주</TD>
<TD vAlign=center align=middle width=175>2009.05.24~2010.05.23</TD>
<TD vAlign=center align=middle width=88>4,000원</TD>
<TD vAlign=center align=middle width=89>-</TD>
<TD vAlign=center align=middle width=91><BR></TD></TR>
<TR>
<TD vAlign=center align=middle width=90>54,000주</TD>
<TD vAlign=center align=middle width=97>54,000주</TD>
<TD vAlign=center align=middle width=175>2008.09.30~2013.09.29</TD>
<TD vAlign=center align=middle width=88>6,000원</TD>
<TD vAlign=center align=middle width=89>-</TD>
<TD vAlign=center align=middle width=91><BR></TD></TR></TBODY></TABLE></P>
<P> </P>
<P> 보호예수물량 및 유통가능물량 】
<TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=642 borderColorLight=black border=1>
<THEAD>
<TR>
<TH vAlign=center align=middle width=300 colSpan=3 rowSpan=2>구 분</TH>
<TH vAlign=center align=middle width=200 colSpan=2>공모후 기준</TH>
<TH vAlign=center align=middle width=142 rowSpan=2>보호예수 및<BR>매도금지 기간</TH></TR>
<TR>
<TH vAlign=center align=middle width=112>주식수(주)</TH>
<TH vAlign=center align=middle width=88>지분율(%)</TH></TR></THEAD>
<TBODY>
<TR>
<TD vAlign=center align=middle width=100 rowSpan=9>보호예수 및 매도금지 물량</TD>
<TD vAlign=center align=middle width=100 rowSpan=4>최대주주 및<BR>특수관계인<BR>주1)</TD>
<TD vAlign=center align=middle width=100>김경수</TD>
<TD vAlign=center align=right width=112>1,256,545</TD>
<TD vAlign=center align=right width=88>24.45</TD>
<TD vAlign=center align=middle width=142 rowSpan=4>상장후 1년간</TD></TR>
<TR>
<TD vAlign=center align=middle width=100>장지훈</TD>
<TD vAlign=center align=right width=112>942,409</TD>
<TD vAlign=center align=right width=88>18.33</TD></TR>
<TR>
<TD vAlign=center align=middle width=100>김동욱</TD>
<TD vAlign=center align=right width=112>942,409</TD>
<TD vAlign=center align=right width=88>18.33</TD></TR>
<TR>
<TD vAlign=center align=middle width=100>소 계</TD>
<TD vAlign=center align=right width=112>3,141,363</TD>
<TD vAlign=center align=right width=88>61.12</TD></TR>
<TR>
<TD vAlign=center align=middle width=100 rowSpan=3>우리사주조합<BR>주2)</TD>
<TD vAlign=center align=middle width=100>기존분</TD>
<TD vAlign=center align=right width=112>100,000</TD>
<TD vAlign=center align=right width=88>1.95</TD>
<TD vAlign=center align=middle width=142>'06.10.16부터 1년간</TD></TR>
<TR>
<TD vAlign=center align=middle width=100>공모분</TD>
<TD vAlign=center align=right width=112>104,000</TD>
<TD vAlign=center align=right width=88>2.02</TD>
<TD vAlign=center align=middle width=142>상장후 1년간</TD></TR>
<TR>
<TD vAlign=center align=middle width=100>소 계</TD>
<TD vAlign=center align=right width=112>204,000</TD>
<TD vAlign=center align=right width=88>3.97</TD>
<TD vAlign=center align=middle width=142><BR></TD></TR>
<TR>
<TD vAlign=center align=middle width=100>공모주주 주3)</TD>
<TD vAlign=center align=middle width=100>기관투자자</TD>
<TD vAlign=center align=right width=112>651,585</TD>
<TD vAlign=center align=right width=88>12.68</TD>
<TD vAlign=center align=middle width=142>추후결정</TD></TR>
<TR>
<TD vAlign=center align=middle width=200 colSpan=2>소 계</TD>
<TD vAlign=center align=right width=112>3,996,948</TD>
<TD vAlign=center align=right width=88>77.76</TD>
<TD vAlign=center align=middle width=142><BR></TD></TR>
<TR>
<TD vAlign=center align=middle width=100 rowSpan=3>유통가능<BR>물량</TD>
<TD vAlign=center align=middle width=200 colSpan=2>구주주</TD>
<TD vAlign=center align=right width=112>858,637</TD>
<TD vAlign=center align=right width=88>16.71</TD>
<TD vAlign=center align=middle width=142><BR></TD></TR>
<TR>
<TD vAlign=center align=middle width=200 colSpan=2>공모주주</TD>
<TD vAlign=center align=right width=112>284,415</TD>
<TD vAlign=center align=right width=88>5.53</TD>
<TD vAlign=center align=middle width=142><BR></TD></TR>
<TR>
<TD vAlign=center align=middle width=200 colSpan=2>소 계</TD>
<TD vAlign=center align=right width=112>1,143,052</TD>
<TD vAlign=center align=right width=88>22.24</TD>
<TD vAlign=center align=middle width=142><BR></TD></TR>
<TR>
<TD vAlign=center align=middle width=300 colSpan=3>합 계</TD>
<TD vAlign=center align=right width=112>5,140,000</TD>
<TD vAlign=center align=right width=88>100.00</TD>
<TD vAlign=center align=middle width=142><BR></TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=640 borderColorLight=black border=0>
<TBODY>
<TR>
<TD vAlign=top align=left width=640>주1) 코스닥상장 법인의 경쟁력 향상이나 지배구조의 개선을 위한 기업인수, 합병 등 코스닥상장위 원회가 불가피하다고 인정하는 경우 이외에는 매매개시일로부터 1년간 매각할 수 없음. 다만, 상장일로부터 6개월이 경과한 경우 매1월마다 최초보유주식등의 100분의 5에 상당하는 부분까 지 매각할 수 있음.<BR>주2) 공모주주 중 우리사주조합원에 대한 우선배정 주식은 예탁일로부터 1년간 한국증권금융에 보 호예수하도록 되어 있으며 상장시 우리사주조합 배정분은 상장후 1년간 보호예수 할 예정입니 다.<BR>주3) 수요예측을 통하여 기관투자자 대상 배정 주식 728,000주 중 1개월 또는 2개월간 자발적 보호 예수를 신청한 기관투자자등임.</TD></TR></TBODY></TABLE></P>
<P> </P>
<P>요약 재무정보
<TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=0>
<TBODY>
<TR>
<TD vAlign=bottom align=right width=600>(단위 : 백만원)</TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=1>
<THEAD>
<TR>
<TH vAlign=center align=middle width=192>구 분</TH>
<TH vAlign=center align=middle width=136>제 10 기</TH>
<TH vAlign=center align=middle width=136>제 9 기</TH>
<TH vAlign=center align=middle width=136>제 8 기</TH></TR></THEAD>
<TBODY>
<TR>
<TD vAlign=top align=left width=192>[유동자산]</TD>
<TD vAlign=top align=right width=136>15,126</TD>
<TD vAlign=top align=right width=136>10,724</TD>
<TD vAlign=top align=right width=136>6,731</TD></TR>
<TR>
<TD vAlign=top align=left width=192>[고정자산]</TD>
<TD vAlign=top align=right width=136>3,799</TD>
<TD vAlign=top align=right width=136>1,285</TD>
<TD vAlign=top align=right width=136>367</TD></TR>
<TR>
<TD vAlign=top align=middle width=192>자산총계</TD>
<TD vAlign=top align=right width=136>18,925</TD>
<TD vAlign=top align=right width=136>12,009</TD>
<TD vAlign=top align=right width=136>7,098</TD></TR>
<TR>
<TD vAlign=top align=left width=192>[유동부채]</TD>
<TD vAlign=top align=right width=136>1,822</TD>
<TD vAlign=top align=right width=136>1,561</TD>
<TD vAlign=top align=right width=136>1,179</TD></TR>
<TR>
<TD vAlign=top align=left width=192>[고정부채]</TD>
<TD vAlign=top align=right width=136>1,119</TD>
<TD vAlign=top align=right width=136>676</TD>
<TD vAlign=top align=right width=136>456</TD></TR>
<TR>
<TD vAlign=top align=middle width=192>부채총계</TD>
<TD vAlign=top align=right width=136>2,941</TD>
<TD vAlign=top align=right width=136>2,237</TD>
<TD vAlign=top align=right width=136>1,635</TD></TR>
<TR>
<TD vAlign=top align=left width=192>[자본금]</TD>
<TD vAlign=top align=right width=136>2,050</TD>
<TD vAlign=top align=right width=136>2,000</TD>
<TD vAlign=top align=right width=136>2,000</TD></TR>
<TR>
<TD vAlign=top align=left width=192>[자본잉여금]</TD>
<TD vAlign=top align=right width=136>49</TD>
<TD vAlign=top align=right width=136>-</TD>
<TD vAlign=top align=right width=136>-</TD></TR>
<TR>
<TD vAlign=top align=left width=192>[이익잉여금]</TD>
<TD vAlign=top align=right width=136>13,886</TD>
<TD vAlign=top align=right width=136>7,772</TD>
<TD vAlign=top align=right width=136>3,463</TD></TR>
<TR>
<TD vAlign=top align=left width=192>[자본조정]</TD>
<TD vAlign=top align=right width=136>(1)</TD>
<TD vAlign=top align=right width=136>-</TD>
<TD vAlign=top align=right width=136>(0)</TD></TR>
<TR>
<TD vAlign=top align=middle width=192>자본총계</TD>
<TD vAlign=top align=right width=136>15,984</TD>
<TD vAlign=top align=right width=136>9,772</TD>
<TD vAlign=top align=right width=136>5,463</TD></TR>
<TR>
<TD vAlign=top align=left width=192>매출액</TD>
<TD vAlign=top align=right width=136>22,002</TD>
<TD vAlign=top align=right width=136>16,049</TD>
<TD vAlign=top align=right width=136>12,019</TD></TR>
<TR>
<TD vAlign=top align=left width=192>영업이익</TD>
<TD vAlign=top align=right width=136>5,707</TD>
<TD vAlign=top align=right width=136>4,207</TD>
<TD vAlign=top align=right width=136>2,576</TD></TR>
<TR>
<TD vAlign=top align=left width=192>경상이익</TD>
<TD vAlign=top align=right width=136>6,173</TD>
<TD vAlign=top align=right width=136>4,423</TD>
<TD vAlign=top align=right width=136>2,570</TD></TR>
<TR>
<TD vAlign=top align=left width=192>당기순이익</TD>
<TD vAlign=top align=right width=136>6,113</TD>
<TD vAlign=top align=right width=136>4,309</TD>
<TD vAlign=top align=right width=136>2,096</TD></TR></TBODY></TABLE></P>
<P> </P>
<P>
<TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=609 borderColorLight=black border=0>
<TBODY>
<TR>
<TD vAlign=top align=middle width=609>【 가치 산정 결과 】</TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=610 borderColorLight=black border=1>
<THEAD>
<TR>
<TH vAlign=center align=middle width=213>구 분</TH>
<TH vAlign=center align=middle width=187>평 가 결 과</TH>
<TH vAlign=center align=middle width=210>비 고</TH></TR></THEAD>
<TBODY>
<TR>
<TD vAlign=center align=left width=213>PER을 적용한 비교가치</TD>
<TD vAlign=center align=middle width=187>23,590원</TD>
<TD vAlign=center align=middle width=210>A</TD></TR>
<TR>
<TD vAlign=center align=left width=213>EV/EBITDA를 적용한 비교가치</TD>
<TD vAlign=center align=middle width=187>13,104원</TD>
<TD vAlign=center align=middle width=210>B</TD></TR>
<TR>
<TD vAlign=center align=left width=213>비교가치 (주당평가가액) 주1)</TD>
<TD vAlign=center align=middle width=187>18,347원</TD>
<TD vAlign=center align=middle width=210>C = (A+B)/2</TD></TR>
<TR>
<TD vAlign=center align=left width=213>공모희망가액 주2)</TD>
<TD vAlign=center align=middle width=187>14,500원 ~ 16,200원</TD>
<TD vAlign=center align=middle width=210>평가가액의 79.03% ~ 88.30%</TD></TR>
<TR>
<TD vAlign=center align=left width=213>(확정)공모가액</TD>
<TD vAlign=center align=middle width=187>15,700원</TD>
<TD vAlign=center align=middle width=210>수요예측 실시 후 확정</TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=609 borderColorLight=black border=0>
<TBODY>
<TR>
<TD vAlign=top align=left width=609>주1) 평가가액은 2006년 연간 실적에 의한 PER 및 EV/EBITDA를 적용한 비교가치를 산술평 균하여 산출하였으며, 상기 평가가액은 향후 유사회사의 주가추이에 따라 변동될 수 있음.<BR>주2) 상기 공모희망가액은 향후 코스닥시장에서 거래될 주가의 79.03% ~ 88.30% 수준을 의 미하는 것은 아닙니다.</TD></TR></TBODY></TABLE></P>
<P> </P>
<P>
<TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=755 borderColorLight=black border=0>
<TBODY>
<TR>
<TD vAlign=top align=middle width=755>【 3차선정 유사회사군 】</TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=756 borderColorLight=black border=1>
<THEAD>
<TR>
<TH vAlign=center align=middle width=112 rowSpan=2>회사명</TH>
<TH vAlign=center align=middle width=90 rowSpan=2>결산월</TH>
<TH vAlign=center align=middle width=90 rowSpan=2>상장일</TH>
<TH vAlign=center align=middle width=162 colSpan=2>감사의견</TH>
<TH vAlign=center align=middle width=109 rowSpan=2>합병 등<BR>여부</TH>
<TH vAlign=center align=middle width=110 rowSpan=2>관리종목 등<BR>지정사실</TH>
<TH vAlign=center align=middle width=83 rowSpan=2>선정여부</TH></TR>
<TR>
<TH vAlign=center align=middle width=81>2005</TH>
<TH vAlign=center align=middle width=81>2006</TH></TR></THEAD>
<TBODY>
<TR>
<TD vAlign=top align=middle width=112>㈜티엘아이</TD>
<TD vAlign=top align=middle width=90>12월</TD>
<TD vAlign=top align=middle width=90>2006.07.25</TD>
<TD vAlign=top align=middle width=81>적정</TD>
<TD vAlign=top align=middle width=81>적정</TD>
<TD vAlign=top align=middle width=109>O 주1)</TD>
<TD vAlign=top align=middle width=110>해당사항 없음</TD>
<TD vAlign=top align=middle width=83>×</TD></TR>
<TR>
<TD vAlign=top align=middle width=112>㈜코아로직</TD>
<TD vAlign=top align=middle width=90>12월</TD>
<TD vAlign=top align=middle width=90>2004.08.13</TD>
<TD vAlign=top align=middle width=81>적정</TD>
<TD vAlign=top align=middle width=81>적정</TD>
<TD vAlign=top align=middle width=109>O 주2)</TD>
<TD vAlign=top align=middle width=110>해당사항 없음</TD>
<TD vAlign=top align=middle width=83>×</TD></TR>
<TR>
<TD vAlign=top align=middle width=112>엠텍비젼㈜</TD>
<TD vAlign=top align=middle width=90>12월</TD>
<TD vAlign=top align=middle width=90>2004.01.06</TD>
<TD vAlign=top align=middle width=81>적정</TD>
<TD vAlign=top align=middle width=81>적정</TD>
<TD vAlign=top align=middle width=109>해당사항 없음</TD>
<TD vAlign=top align=middle width=110>해당사항 없음</TD>
<TD vAlign=top align=middle width=83>O</TD></TR>
<TR>
<TD vAlign=top align=middle width=112>㈜텔레칩스</TD>
<TD vAlign=top align=middle width=90>12월</TD>
<TD vAlign=top align=middle width=90>2004.12.10</TD>
<TD vAlign=top align=middle width=81>적정</TD>
<TD vAlign=top align=middle width=81>적정</TD>
<TD vAlign=top align=middle width=109>해당사항 없음</TD>
<TD vAlign=top align=middle width=110>해당사항 없음</TD>
<TD vAlign=top align=middle width=83>O</TD></TR>
<TR>
<TD vAlign=top align=middle width=112>㈜펜타마이크로</TD>
<TD vAlign=top align=middle width=90>12월</TD>
<TD vAlign=top align=middle width=90>2006.12.19</TD>
<TD vAlign=top align=middle width=81>적정</TD>
<TD vAlign=top align=middle width=81>적정</TD>
<TD vAlign=top align=middle width=109>해당사항 없음</TD>
<TD vAlign=top align=middle width=110>해당사항 없음</TD>
<TD vAlign=top align=middle width=83>O</TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=757 borderColorLight=black border=0>
<TBODY>
<TR>
<TD vAlign=top align=left width=757>주1) ㈜티엘아이는 화인아이씨스㈜를 2007.06.08을 기준일로 하여 흡수합병함.<BR>주2) ㈜코아로직은 엠큐브웍스㈜를 2006.12.01을 기준일로 하여 자산양수함.</TD></TR></TBODY></TABLE></P>
<P> </P>
<P>2006년 실적 기준 비교가치(PER 및 EV/EBITDA 비교)<BR> <BR>▶ 유사회사 평균 PER 적용시 비교가치
<TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=0>
<TBODY>
<TR>
<TD vAlign=top align=right width=600>(단위 : 천원, 원, 주)</TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=600 borderColorLight=black border=1>
<THEAD>
<TR>
<TH align=middle width=120>구 분</TH>
<TH align=middle width=120>넥스트칩</TH>
<TH align=middle width=120>텔레칩스</TH>
<TH align=middle width=120>펜타마이크로</TH>
<TH align=middle width=120>엠텍비젼</TH></TR></THEAD>
<TBODY>
<TR>
<TD vAlign=top align=middle width=120>당기순이익</TD>
<TD vAlign=top align=right width=120> 6,113,394 </TD>
<TD vAlign=top align=right width=120> 11,862,443 </TD>
<TD vAlign=top align=right width=120> 3,988,017 </TD>
<TD vAlign=top align=right width=120> 2,700,867 </TD></TR>
<TR>
<TD vAlign=top align=middle width=120>발행주식수</TD>
<TD vAlign=top align=right width=120> 5,196,000 </TD>
<TD vAlign=top align=right width=120> 8,341,900 </TD>
<TD vAlign=top align=right width=120> 5,113,635 </TD>
<TD vAlign=top align=right width=120> 7,464,423 </TD></TR>
<TR>
<TD vAlign=top align=middle width=120>주당순이익(원)</TD>
<TD vAlign=top align=right width=120> 1,177 </TD>
<TD vAlign=top align=right width=120> 1,422 </TD>
<TD vAlign=top align=right width=120> 780 </TD>
<TD vAlign=top align=right width=120> 362 </TD></TR>
<TR>
<TD vAlign=top align=middle width=120>기준주가(원)</TD>
<TD vAlign=top align=right width=120>- </TD>
<TD vAlign=top align=right width=120> 14,757 </TD>
<TD vAlign=top align=right width=120> 11,228 </TD>
<TD vAlign=top align=right width=120> 12,800 </TD></TR>
<TR>
<TD vAlign=top align=middle width=120>PER</TD>
<TD vAlign=top align=right width=120> - </TD>
<TD vAlign=top align=right width=120> 10.38 </TD>
<TD vAlign=top align=right width=120> 14.40 </TD>
<TD vAlign=top align=right width=120> 35.38 </TD></TR>
<TR>
<TD vAlign=top align=middle width=120>적용 PER</TD>
<TD vAlign=top align=middle width=480 colSpan=4> 20.05</TD></TR>
<TR>
<TD vAlign=top align=middle width=120>비교가치(원)</TD>
<TD vAlign=top align=middle width=480 colSpan=4> 23,590</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) 발행주식수 : 발행회사는 공모후 희석주식수를, 유사회사는 평가기준일 현재주식수 적용<BR>주2) 발행회사의 부여된 주식매수선택권 160,000주 중 2007.05.24부터 행사가능한 56,000주 만 희석화함<BR>주3) 당기순이익 : 2006년 감사보고서상의 수치를 적용<BR>주4) 기준주가 : Min(평가기준일 전일로부터 소급한 1개월 산술평균종가, 평가기준일 전일종 가)<BR>주5) 적용 PER : 유사회사의 산술평균 PER임<BR>주6) PER 비교가치 (23,590원) = 발행회사 주당순이익 (1,177원) ×적용 PER (20.05배)</TD></TR></TBODY></TABLE></P>
<P> </P>
<P>요약 재무제표 비교<BR>▶ 2006년 결산 기준
<TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=696 borderColorLight=black border=0>
<TBODY>
<TR>
<TD vAlign=top align=right width=696>(단위 : 천원)</TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 borderColorDark=white cellPadding=1 width=697 borderColorLight=black border=1>
<THEAD>
<TR>
<TH vAlign=center align=middle width=135>구 분</TH>
<TH vAlign=center align=middle width=141>넥스트칩</TH>
<TH vAlign=center align=middle width=141>텔레칩스</TH>
<TH vAlign=center align=middle width=140>펜타마이크로</TH>
<TH vAlign=center align=middle width=140>엠텍비젼</TH></TR></THEAD>
<TBODY>
<TR>
<TD vAlign=center align=middle width=135>[유동자산]</TD>
<TD vAlign=center align=right width=141> 15,125,761 </TD>
<TD vAlign=center align=right width=141> 37,151,548 </TD>
<TD vAlign=center align=right width=140> 18,627,184 </TD>
<TD vAlign=center align=right width=140> 110,151,745 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>ㆍ당좌자산</TD>
<TD vAlign=center align=right width=141> 13,930,388 </TD>
<TD vAlign=center align=right width=141> 29,272,895 </TD>
<TD vAlign=center align=right width=140> 16,492,242 </TD>
<TD vAlign=center align=right width=140> 76,428,850 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>ㆍ재고자산</TD>
<TD vAlign=center align=right width=141> 1,195,373 </TD>
<TD vAlign=center align=right width=141> 7,878,653 </TD>
<TD vAlign=center align=right width=140> 2,134,942 </TD>
<TD vAlign=center align=right width=140> 33,722,895 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>[고정자산]</TD>
<TD vAlign=center align=right width=141> 3,799,181 </TD>
<TD vAlign=center align=right width=141> 21,061,626 </TD>
<TD vAlign=center align=right width=140> 3,883,142 </TD>
<TD vAlign=center align=right width=140> 78,134,806 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>ㆍ투자자산</TD>
<TD vAlign=center align=right width=141> 1,130,894 </TD>
<TD vAlign=center align=right width=141> 12,722,427 </TD>
<TD vAlign=center align=right width=140> 1,129,185 </TD>
<TD vAlign=center align=right width=140> 17,786,852 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>ㆍ유형자산</TD>
<TD vAlign=center align=right width=141> 326,447 </TD>
<TD vAlign=center align=right width=141> 3,326,573 </TD>
<TD vAlign=center align=right width=140> 529,165 </TD>
<TD vAlign=center align=right width=140> 15,624,753 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>ㆍ무형자산</TD>
<TD vAlign=center align=right width=141> 2,341,840 </TD>
<TD vAlign=center align=right width=141> 5,012,626 </TD>
<TD vAlign=center align=right width=140> 2,224,792 </TD>
<TD vAlign=center align=right width=140> 44,723,202 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>자산총계</TD>
<TD vAlign=center align=right width=141> 18,924,942 </TD>
<TD vAlign=center align=right width=141> 58,213,174 </TD>
<TD vAlign=center align=right width=140> 22,510,326 </TD>
<TD vAlign=center align=right width=140> 188,286,551 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>[유동부채]</TD>
<TD vAlign=center align=right width=141> 1,821,734 </TD>
<TD vAlign=center align=right width=141> 7,179,951 </TD>
<TD vAlign=center align=right width=140> 1,153,403 </TD>
<TD vAlign=center align=right width=140> 75,456,499 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>[고정부채]</TD>
<TD vAlign=center align=right width=141> 1,119,283 </TD>
<TD vAlign=center align=right width=141> 2,014,123 </TD>
<TD vAlign=center align=right width=140> 266,120 </TD>
<TD vAlign=center align=right width=140> 11,890,360 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>부채총계</TD>
<TD vAlign=center align=right width=141> 2,941,017 </TD>
<TD vAlign=center align=right width=141> 9,194,073 </TD>
<TD vAlign=center align=right width=140> 1,419,523 </TD>
<TD vAlign=center align=right width=140> 87,346,859 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>[자본금]</TD>
<TD vAlign=center align=right width=141> 2,050,000 </TD>
<TD vAlign=center align=right width=141> 4,129,300 </TD>
<TD vAlign=center align=right width=140> 2,514,663 </TD>
<TD vAlign=center align=right width=140> 3,697,113 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>[자본잉여금]</TD>
<TD vAlign=center align=right width=141> 49,385 </TD>
<TD vAlign=center align=right width=141> 9,432,398 </TD>
<TD vAlign=center align=right width=140> 13,938,211 </TD>
<TD vAlign=center align=right width=140> 38,333,966 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>[이익잉여금]</TD>
<TD vAlign=center align=right width=141> 13,885,609 </TD>
<TD vAlign=center align=right width=141> 34,853,781 </TD>
<TD vAlign=center align=right width=140> 4,613,351 </TD>
<TD vAlign=center align=right width=140> 73,078,552 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>[자본조정]</TD>
<TD vAlign=center align=right width=141>-1,069 </TD>
<TD vAlign=center align=right width=141> 603,622 </TD>
<TD vAlign=center align=right width=140> 24,578 </TD>
<TD vAlign=center align=right width=140>-14,169,938 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>자본총계</TD>
<TD vAlign=center align=right width=141> 15,983,925 </TD>
<TD vAlign=center align=right width=141> 49,019,100 </TD>
<TD vAlign=center align=right width=140> 21,090,803 </TD>
<TD vAlign=center align=right width=140> 100,939,692 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>매출액</TD>
<TD vAlign=center align=right width=141> 22,002,459 </TD>
<TD vAlign=center align=right width=141> 62,000,820 </TD>
<TD vAlign=center align=right width=140> 12,565,397 </TD>
<TD vAlign=center align=right width=140> 118,558,199 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>영업이익</TD>
<TD vAlign=center align=right width=141> 5,707,216 </TD>
<TD vAlign=center align=right width=141> 11,463,640 </TD>
<TD vAlign=center align=right width=140> 4,622,556 </TD>
<TD vAlign=center align=right width=140> 8,087,701 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>경상이익</TD>
<TD vAlign=center align=right width=141> 6,173,117 </TD>
<TD vAlign=center align=right width=141> 12,219,928 </TD>
<TD vAlign=center align=right width=140> 4,668,004 </TD>
<TD vAlign=center align=right width=140> 2,700,867 </TD></TR>
<TR>
<TD vAlign=center align=middle width=135>당기순이익</TD>
<TD vAlign=center align=right width=141> 6,113,394 </TD>
<TD vAlign=center align=right width=141> 11,862,443 </TD>
<TD vAlign=center align=right width=140> 3,988,017 </TD>
<TD vAlign=center align=right width=140> 2,700,867 </TD></TR></TBODY></TABLE></P>
<P> </P>
<P> </P>
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넥스트칩 신고서 요약
공사모
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07.06.12 04:46
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첫댓글 감사합니다.잘 보고 갑니다. 자금이 부족해서 얼마 안하지만 그래도 나름 항상 열심히 보고 있답니다.^^