MIRA
INFORM REPORT
|
Report Date : |
10.08.2007 |
IDENTIFICATION DETAILS
|
Name : |
HYOSUNG CORPORATION |
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Registered Office : |
450, Gongdeok 2-dong, Mapo-gu, Hyoseong Bldg. Seoul 121-805, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
11/03/1966 |
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Legal Form : |
Public Limited Listed Company |
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Line of Business : |
Export, Import and Wholesale of Non -
Specialized Goods |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Basic
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Company Name |
HYOSUNG CORPORATION |
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Registered
Address |
450, Gongdeok 2-dong, Mapo-gu, |
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Building |
Hyoseong Bldg. |
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Zip Code |
121-805 |
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Tel |
+82-2-707-7000 |
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Fax |
+82-2-707-0130 |
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Website |
www.hyosung.co.kr |
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Trading Address |
Hyoseong Bldg., 450, Gongdeok 2-dong, Mapo-gu, |
|
Tel |
+82-2-707-7000 |
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Fax |
+82-2-707-0130 |
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Cheongwon Factory |
413-1, Geumho-ri,
Buyong-myeon, Cheongwon-gun, |
|
Tel |
+82-43-277-6070 |
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Changwon Factory
(1) |
454-2 Nae-Dong
Changwon-Si Gyeongnam-Do 641-050 |
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Tel |
+82-55-268-9022 |
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Changwon Factory
(2) |
456-6 Nae-Dong
Changwon-Si Gyeongnam-Do 641-050 |
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Tel |
+82-55-268-9022 |
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Changwon Factory
(3) |
456-6 Nae-Dong
Changwon-Si Gyeongnam-Do 641-050 |
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Tel |
+82-55-268-9022 |
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Changwon Factory
(4) |
49 Wungnam-Dong
Changwon-Si Gyeongnam-Do 641-290 |
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Tel |
+82-55-268-9022 |
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|
588 Maeam-Dong |
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Tel |
+82-52-279-2014 |
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Gumi Factory (1) |
169 Simi-Dong
Gumi-Si Gyeongbuk-Do 730-340 |
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Tel |
+82-54-470-9114 |
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Fax |
+82-54-472-5775 |
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Gumi Factory (2) |
630 Gupo-Dong
Gumi-Si Gyeongbuk-Do 730-400 |
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Tel |
+82-54-459-2117 |
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Fax |
+82-54-475-3471 |
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|
183-2 Hogye-Dong
Dongan-Ku |
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Tel |
+82-31-428-1000 |
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Eonyang Factory |
59 Bansong-Ri
Eonyang-Eup Ulju-Gun |
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Tel |
+82-52-255-5114 |
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Daejeon Factory
(1) |
49-1
Munpyeong-Dong Daedeok-Ku Daejeon 306-220 |
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Tel |
+82-42-932-6187 |
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Fax |
+82-42-932-8270 |
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Daejeon Factory
(2) |
1685-1 Sinil-Dong
Daedeok-Ku Daejeon 306-230 |
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Tel |
+82-42-605-8500 |
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Yongyeon Factory
(1) |
186 Seongam-Dong |
|
Tel |
+82-52-279-2014 |
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Yongyeon Factory
(2) |
204-1 |
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Tel |
+82-52-279-5500 |
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Jochiwon Factory |
518 Yeongi-Ri |
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Tel |
+82-41-860-3128 |
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3rd Fl., Bangbae Bldg., 1006-2, Bangbae 3-dong, Seocho-gu, |
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Tel |
+82-2-707-4418 |
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Fax |
+82-2-707-4401 |
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Type |
Export/Import |
|
Industry |
Wholesale of Non-Specialized Goods |
|
Main Business |
Synthetic Fiber, Terephthalic Acid, Financial Automation
Systems, Building Construction Services |
|
Sub Business |
Man-Made Fibers Spinning |
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Established
(mm/dd/yyyy) |
11/03/1966 |
Detailed Products
|
Activity |
Detailed Products
(UNSPSC) |
|
Sell |
Castings(31100000) |
|
Sell |
Control unit(43201542) |
|
Sell |
Fixed network equipment and components(43221700) |
|
Sell |
Fabrics |
|
Sell |
Bar(30101600) |
|
Sell |
Carpets |
|
Sell |
Structural materials and basic shapes(30100000) |
|
Sell |
Automatic teller machines ATMs(48111401) |
|
Sell |
Switches and controls and relays and accessories(39121500) |
|
Sell |
Chemical tanks(24111805) |
|
Sell |
Synthetic fabrics(11161800) |
|
Sell |
Motors(26101600) |
|
Sell |
Stainless steel plate(30102205) |
|
Sell |
Fabrics and leather materials(11160000) |
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Sell |
Motor control centers(39121104) |
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Sell |
Iron removal equipment(47101510) |
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Sell |
Synthetic fabrics(11161800) |
|
Sell |
Plastic bottles(24122002) |
|
Sell |
Motor control centers(39121104) |
|
Sell |
Stainless steel plate(30102205) |
|
Sell |
Air circuit breakers(39121615) |
|
Sell |
Circuit breakers(39121601) |
|
Sell |
Power conditioning equipment(39121000) |
|
Sell |
Power generators(26111600) |
|
Sell |
Rugs and mats(52101500) |
|
Sell |
Gas liquid contacting systems(23201000) |
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Sell |
Incinerators(47101529) |
|
Sell |
Electrical and electronic engineering(81101700) |
|
Sell |
Panelboards(39121103) |
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Sell |
Tire cord(25172507) |
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Sell |
Motorcycles(25101801) |
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Sell |
Transportation related equipment and instruments(41112800) |
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Sell |
Kinetic power transmission(26111500) |
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Sell |
Induction motors(26101601) |
|
Sell |
Welders(23171508) |
|
Sell |
Power conditioning equipment(39121000) |
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Sell |
Yarns(11151700) |
|
Sell |
Polyester thread(11151603) |
|
Sell |
Wind generators(26111603) |
|
Sell |
Lifting equipment and accessories(24101600) |
|
Sell |
Heat exchangers(40101802) |
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Sell |
Motors(26101600) |
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Sell |
Plate(30102200) |
|
Sell |
Channels(30101800) |
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Sell |
Iron bars(30101603) |
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Sell |
Road cargo transport(78101800) |
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Sell |
Panelboards(39121103) |
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Sell |
Nylon thread(11151608) |
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Sell |
Machine tools(23171600) |
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Sell |
Stainless steel rods(30102405) |
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Sell |
Pipe(40142100) |
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Sell |
Coil(30101900) |
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Sell |
Rod(30102400) |
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Sell |
Surge suppressers(39121610) |
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Sell |
Specialty fabrics or cloth(11162100) |
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Sell |
Coil(30101900) |
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Sell |
Vehicle batteries(26111703) |
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Sell |
Agricultural and forestry and landscape machinery and equipment(21100000) |
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Sell |
Electrical wire(26121500) |
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Sell |
Golf carts(25101904) |
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Sell |
Water treatment and supply equipment(47101500) |
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Buy |
Caprolactam |
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Buy |
Wire Rod |
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Buy |
Core |
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Buy |
Copper Rod |
CEO’s
|
Name |
Lee Sang-Woon |
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Date of Birth |
03/18/1952 |
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Title |
Vice Chairman & COO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital |
174,721,630,000 KRW |
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Employees |
5,656 |
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Formation |
Listed Company ( A Company of Hyosung Business Group Foreign Direct Investment Corporation |
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Bank Details |
Woori
Bank-Headquarters |
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Corporate
Registered No. |
110111-0030497 |
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Business
Registered No. |
105-81-59519 |
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Permit &
Licenses |
2003 Ulsan Factory obtained the ISO/TS 16949:2002 certification for tire reinforcing material 11/1995 KT 06/2000 ISO 14001 07/2001 ISO 9001 08/2005 ISO 9001 11/2005 ISO 14001 |
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Shareholder
Position |
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Company History |
2004 Mipan Nano-MagicSilver was developed. 2004 Hyosung Dryvit changed its name to Hyosung Inno Tech. 2003 Yarn for nylon 66 airbag was developed. 2003 Ulsan Factory obtained the ISO/TS 16949:2002 certification for tire reinforcing material. 2003 Hyosung Steelcord( 2003 Boading Hyosung Tianwei Transformer Co., Ltd was
established in 2003 The Class Hyosung, an import car sales corporation, was established. 2003 A PET bottle for a heating cabinet was developed. 2003 Silver fiber "Mipan Magic Silver" was developed. 2003 Hyosung Spandex( 2003 Hyosung Film(Jiaxing) Co., Ltd was established in 2002 Hyosung Computer PU and Hyosung Data System were merged into Nautilus Hyosung. 2002 Took over the tire cord factory of Michelin in 2002 Made a long-term supply contract for tire cords with Michelin. 2001 Took over Tele Service. 2001 Adopted ERP. 2000 Expanded Polyester Tire cord 2000 Took over the Bridge Solution Group, Hongjin Data System and the Aegis Venture Group. 2000 Hyosung Spandex(Jiaxing) Co., Ltd was established in 1999 Expanded the Gumi Spandex Plant 1998 Realigned organization into 5 Performance Groups and 31 Performance Units 1998 Hyosung T&C, Hyosung Corporation, Hyosung Living Industry and Hyosung Industries consolidated into Hyosung Corporation 1997 Established Hyosung EBARA Environment Engineering Co., Ltd. 1997 Established Hyosung Finance Co., Ltd. 1997 Completed the 1997 Completed the Cheongwon Home Carpet Plant 1996 Changed the name of Tongyang Nylon to Hyosung T&C Co., Ltd. 1996 Changed the name of Tongyang Polyester to Hyosung Living Industry Co., Ltd. 1996 Started operation of the Beijing PET Bottle Plant II 1996 Established Hyosung VINA in 1996 Increased PP capacity from 110,000 tons to 230,000 tons 1996 Started polyester film business 1996 Began operation of the PET bottle plant in Daejeon 1996 Established the nylon film plant in Daejeon 1995 Completed the Daejeon Tile Carpet Plant 1995 Completed Gumi Plant II (fabric) 1994 Established PET bottle company in 1994 Established Hyosung Information & Communications Co., Ltd. 1994 Completed the Jochiwon Plant 1993 1989 Established Resin Research Division 1989 Established Hyosung EBARA Co., Ltd. 1989 Applied for trademark of the TOPLON to 40 foreign countries 1989 Completed Changwon Plant IV (electric panel products) 1987 Established Korea Engineering Plastics Co., Ltd. 1987 Merged Wonmi Textile Co., Ltd. 1987 Completed Changwon Plant III (rotating machinery) 1986 Established Hyosung Hitachi Data Systems Co., Ltd. (now Nautilus Hyosung Inc.) 1985 Established Hyosung NAS Co., Ltd. (now Hyosung Information System Co., Ltd.) 1984 Merged Toplon Co., Ltd. 1984 Merged Hyosung Construction Co., Ltd. 1983 Established Electronic 1979 Started producing PET bottle at the Eonyang Plant 1978 Established 1978 Awarded for the Best Quality Management System 1977 Completed the Changwon Heavy Industry Plant 1976 Acquired Tongyang Educational Foundation 1975 Acquired Hanyoung Industries Co., Ltd. 1973 Established Toplon Co., Ltd. 1973 Established Tongyang Polyester Co., Ltd. 1973 Established Tongyang Dyeing Co., Ltd. 1971 Established 1968 Completed the 1967 Completed the tire cord plant in 1966 Established Tongyang Nylon Co., Ltd. |
The Subject Company
is a Korean industrial conglomerate that is present in business areas such as apparel
and industrial synthetic fibers, specialty chemicals, industrial materials and
machinery, construction and development and international trade. The Company's
textile unit manufactures nylon yarns, spandex yarns, polyester yarns and
synthetic fibers. Its chemical unit's products include propane propylene,
polyethylene terephthalate bottles, nylon and polyester films. The Company's
industrial materials unit is engaged in the provision of tire cords, steel
cords, carpets and floor mats. Its construction unit conducts such building
projects as housing, general and environmental construction. As of April 17,
2007, the Company invested into Hyosung Istanbul TEKSTIL LTD.STI., resulting in
Hyosung Corporation owning 99.9% of Hyosung Istanbul TEKSTIL LTD.STI. As of
June 8, 2007, the Company merged with Hyosung Innotech Inc.
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Cho Seok-Rae |
Korean |
35.11.19 |
Waseda University-Japan |
|
Vice Chairman & COO |
Mr. |
Lee Sang-Woon |
Korean |
52. 3.18 |
|
|
President-Heavy Industries |
Mr. |
Kim Jae-Hak |
Korean |
48. 9.27 |
|
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President-Int'l Trading |
Mr. |
Cho Hyun-Joon |
Korean |
68.1.16 |
|
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Vice President & CFO |
Mr. |
Jung Yoon-Taik |
Korean |
55.5.24 |
|
|
Outside Director |
Mr. |
Bae Ki-Eun |
Korean |
33.9.10 |
|
|
Outside Director |
Mr. |
Park Tae-Ho |
Korean |
52.7.30 |
|
|
Outside Director |
Mr. |
Lee Kyung-Hoon |
Korean |
35.11.13 |
|
|
Outside Director |
Mr. |
Park Jong-Ryul |
Korean |
36.7.31 |
|
|
Outside Director |
Mr. |
Park Joong-Jin |
Korean |
51.9.18 |
|
|
Outside Director |
Mr. |
Kim Sang-Hee |
Korean |
51.1.25 |
|
|
Chairman & CEO |
Mr. |
Cho Seok-Rae |
Korean |
35.11.19 |
Waseda University-Japan |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
4,784,272,392,243 |
3,786,203,227,319 |
83,549,813,497 |
|
|
2005 |
4,858,777,442,994 |
3,952,694,209,029 |
-60,268,862,969 |
|
2004 |
4,783,967,932,476 |
4,326,243,679,816 |
63,663,676,773 |
|
2003 |
4,218,696,022,345 |
4,394,084,228,173 |
50,264,081,618 |
The Subject expects
the 2Q’s figures of 2007 as Sales:2,666,009,000,000 KRW, Operating
Income:111,019,000,000 KRW, Income Before Taxes:112,334,000,000 KRW and Net
Income:95,152,000,000 KRW.
Financial Description
Unit: KRW
|
Authorized
Capital |
1,000,000,000,000 |
|
Paid-Up Capital |
174,721,630,000 |
|
Total Issues
Shares |
34,944,326 |
Balance Sheet
|
Unit : Korean Won |
01/01/2007~03/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Total Assets |
3,810,087,874,117 |
3,786,203,227,319 |
3,952,694,209,029 |
|
Current Assets |
990,707,647,712 |
995,874,790,637 |
1,113,171,478,879 |
|
-Quick Assets |
486,560,162,806 |
498,946,862,278 |
551,348,589,054 |
|
-Inventories |
504,147,484,906 |
496,927,928,359 |
561,822,889,825 |
|
Fixed Assets |
2,819,380,226,405 |
2,790,328,436,682 |
2,839,522,730,150 |
|
-Investment |
664,502,468,777 |
604,468,096,994 |
545,512,592,791 |
|
-Tangibles |
2,091,440,922,302 |
2,113,411,892,070 |
2,195,723,260,671 |
|
-Intangibles |
10,587,678,625 |
12,167,028,737 |
18,752,717,817 |
|
-Others |
52,849,156,701 |
60,281,418,881 |
79,534,158,871 |
|
Total Liabilities |
2,437,727,663,386 |
2,424,076,592,253 |
2,606,755,151,063 |
|
Current
Liabilities |
1,324,304,295,035 |
1,388,461,634,753 |
1,211,289,397,944 |
|
Fixed Liabilities |
1,113,423,368,351 |
1,035,614,957,500 |
1,395,465,753,119 |
|
Capital Stock |
174,721,630,000 |
174,029,105,000 |
174,029,105,000 |
|
Capital Surplus |
1,164,281,553,140 |
1,164,013,093,360 |
1,374,475,327,265 |
|
Profit Surplus |
71,996,996,015 |
58,360,663,127 |
-210,462,233,905 |
|
Capital
Adjustment |
-38,639,968,424 |
-34,276,226,421 |
7,896,859,606 |
|
Total Equity |
1,372,360,210,731 |
1,362,126,635,066 |
1,345,939,057,966 |
|
Liab. & Shareholder’s
Equity |
3,810,087,874,117 |
3,786,203,227,319 |
3,952,694,209,029 |
|
Current
Liabilities |
1,324,304,295,035 |
1,388,461,634,753 |
1,211,289,397,944 |
|
Trade Payables |
594,959,463,707 |
587,712,319,670 |
554,295,269,888 |
|
Short-Term Borroiwngs |
158,352,771,092 |
146,301,154,139 |
156,166,676,423 |
|
Account Payables |
122,708,472,882 |
106,703,628,061 |
103,028,045,007 |
|
Advance Receipts |
33,139,382,826 |
42,123,970,297 |
57,963,965,260 |
|
Withholdings |
9,666,075,216 |
7,816,043,521 |
13,750,326,280 |
|
Accrued Expenses |
15,095,053,084 |
12,888,327,900 |
11,713,130,408 |
|
Current Portion of Long-Term Debts |
352,447,658,207 |
454,119,590,877 |
290,211,804,437 |
|
Withhold Deposit Received |
23,851,332,586 |
25,939,964,636 |
21,133,467,363 |
|
Derivatives |
- |
- |
- |
|
Accrued Income Tax |
14,084,085,435 |
4,856,635,652 |
3,026,712,878 |
|
Fixed Liabilities |
1,113,423,368,351 |
1,035,614,957,500 |
1,395,465,753,119 |
|
Debentures |
798,612,930,782 |
788,348,951,866 |
843,455,317,012 |
|
Long-Term Borrowings |
152,568,650,000 |
89,100,900,000 |
247,346,190,460 |
|
Long-Term Account Payables |
3,025,359,922 |
6,280,361,690 |
- |
|
Provision for Severance & Retirement |
48,250,312,936 |
45,155,392,250 |
48,018,568,352 |
|
Provision for Repairing |
8,021,407,183 |
7,166,224,759 |
6,267,468,069 |
|
Other Provisions |
102,944,707,528 |
99,563,126,935 |
250,378,209,226 |
Income Statement
|
Unit : Korean Won |
01/01/2007~03/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Sales |
1,293,882,320,512 |
4,784,272,392,243 |
4,858,777,442,994 |
|
Cost of Sold
Goods |
1,148,168,955,660 |
4,272,275,588,330 |
4,352,666,084,474 |
|
Gross Profit |
145,713,364,852 |
511,996,803,913 |
506,111,358,520 |
|
Selling &
Admin. Expenses |
105,759,198,913 |
400,411,394,230 |
421,239,944,751 |
|
Operating Income |
39,954,165,939 |
111,585,409,683 |
84,871,413,769 |
|
Non-Operating
Income |
54,467,991,951 |
217,970,161,672 |
134,709,229,183 |
|
Non-Operating expenses |
64,377,335,614 |
216,827,947,897 |
289,071,694,159 |
|
Ordinary Income |
30,044,822,276 |
112,727,623,458 |
-69,491,051,207 |
|
Special Income |
|
|
|
|
Income Before
Taxes |
30,044,822,276 |
112,727,623,458 |
-69,491,051,207 |
|
Income Taxes Expenses |
4,139,519,272 |
29,177,809,961 |
-9,222,188,238 |
|
Net Income |
25,905,303,004 |
83,549,813,497 |
-60,268,862,969 |
Cash Flows
|
Unit : Korean Won |
01/01/2007~03/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Cash Flows from Operating
|
66,444,567,706 |
338,312,370,077 |
411,442,981,667 |
|
-Net Income |
25,905,303,004 |
83,549,813,497 |
-60,268,862,969 |
|
-Exp. without
Cash Outflow |
87,472,294,627 |
346,776,017,853 |
434,392,626,798 |
|
-Revenue without
Cash Inflows |
-41,737,173,537 |
-129,134,788,801 |
-53,262,492,600 |
|
-Changes in
Asset/ & Liability |
-5,195,856,388 |
37,121,327,528 |
90,581,710,438 |
|
Cash Flows from
Investing |
-63,772,995,440 |
-248,365,853,438 |
-208,744,576,376 |
|
-Cash Inflow from
Investing |
17,306,484,390 |
225,950,765,104 |
120,557,986,470 |
|
-Cash Outflows
for Investing |
-81,079,479,830 |
-474,316,618,542 |
-329,302,562,846 |
|
Cash Flows from
Financing |
-33,924,132,607 |
-54,151,520,538 |
-195,064,493,253 |
|
-Cash Inflows
from Financing |
123,363,346,468 |
499,307,374,034 |
1,522,365,296,093 |
|
-Cash Outflows
from Financing |
-157,287,479,075 |
-553,458,894,572 |
-1,717,429,789,346 |
|
Increase/Decrease
in Cash |
-31,252,560,341 |
35,794,996,101 |
7,633,912,038 |
|
Cash at the Beginning
of Year |
64,253,458,995 |
28,458,462,894 |
20,824,550,856 |
|
Cash at the End
of Year |
33,000,898,654 |
64,253,458,995 |
28,458,462,894 |
Products,
Technologies, Services Description
|
Main Products
& Services |
Synthetic Fiber, Terephthalic Acid, Financial Automation Systems, Building Construction Services Brand Name: TOPILENE,
CREORA,M2, Baik-Nyeon Ga-Yak |
Trade Partners
|
Suppliers |
Capro Corporation
Address: 11 FI., Baeksang
Bldg., 197-28, Gwanhun-dong, Jongno-ku, Tel:
82-2-399-1200 Fax: 82-2-732-4214 Industry:
Manufacture of Other Basic Organic Chemicals n.e.c. POSCO Address: 1, Tel: 82-54-220-0114 Fax: 82-54-220-6000 Industry:
Manufacture of Basic Iron and Steel Taihan Electric
Wire Co., Ltd. Address: 113-119,
Siheung-Dong, Geumcheon-Ku, Tel:
82-2-890-9116 Fax: 82-2-892-9387 Industry:
Manufacture of Insulated Wire and Cable, Except Insulated Code Sets Dae Dong Steel
Co.,Ltd Address: 777-6,
Ugeum-Ri, Gasan-Myeon, Pocheon-Si, Gyeonggi-Do 487-813 Tel:
82-31-544-8384 Fax:
82-31-544-8358 Industry:
Manufacture of Metal Doors and Related Articles |
|
Customers |
Zion Food Co.,
Ltd. Address: 770,
Jukseong-Ri, Gijang-Eup, Gijang-Gun, Busan 619-906 Tel:
82-51-721-2150 Fax:
82-51-722-4362 Industry:
Manufacture of Dry Bakery Products Korea Electric
Power Corporation Address: 167,
Samseong 1-Dong, Gangnam-Ku, Tel:
82-2-3456-3114 Fax:
82-2-3456-4049 Industry:
Electric Power Generation KOLON TAEKWANG
INDUSTRIES DSI HUVIS SAMYANG
CORPORATION LOTTE ALMINUM DOOSAN HYUNDAI HEAVY
INDUSTRIES MICHELIN BRIDGESTONE |
|
Competitors |
ABB, SIEMENS,
AREVA |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
|
|
Overseas Office |
Address: Room
2208, 22/F, Tel:
86-10-6512-9692 Fax: 86-10-6512-0031 Shanghai Office Address: 1115 Tel:
86-21-6209-0123 Fax: 86-21-6209-3008 Chongquing Office Address: Room No.
1109, Tel:
86-23-6370-3342 Fax: 86-23-6388-0827 Manila Office Address: 7th
Floor, Unit No 714, Tower One, Ayala Triangle, Tel: 632-848-6204
Fax: 632-848-6208 Address: Room
No.911, Holiday Inn. Tel:
86-532-575-8071 Fax: 86-532-576-9395 Address: Room No.
1212-1213, Tel:
86-20-8778-7998 Fax: 86-20-8778-7898 Address: 27 Ly
Thai To St, Room 102 Tel: 84-4-8260866
Fax: 84-4-8260888 Hochiminh Office Address: Tel: 848-8251617
Fax: 848-8231971 Address: Room No.
1404, 14th Floor Tel:
66-2-653-2031 Fax: 66-2-653-2030 Address: Mecidiyekoy
Is Merkezi Sehit Ahmet Sok No. 4 Kat 7, Daire 90-91, Pk 80310 Tel:
90-212-274-4568 Fax: 90-212-272-0627 Milano Office
(2nd Piano) Address: C.D.
Milanofiori Strada 1-Palazzo E3, 20090. Assago(MI), Tel:
39-02-575-10505 Fax: 39-02-57700331 |
|
Subsidiary |
Hyosung Ebara
Co., Ltd. Address: 6th Fl.,
Hyosung Bldg., 450, Kongduk 2-Dong, Mapo-Ku, Tel:
82-2-707-6384~5 Fax:
82-2-711-5501 Industry:
Manufacture of Pumps for Liquids *Hyosung has 67%
shares of Hyosun Ebara Co., Ltd. Hyosung Trans
World Co., Ltd. Address: Hyosung
Bldg., 21-1, Seosomun-Dong, Jung-Ku, Tel:
82-2-707-8512 Fax: 82-2-707-8778 Industry: Freight
Transport Arrangement *Hyosung has 100%
shares of Hyosung Trans World Co., Ltd. Hyosung
Information System Co., Ltd. Address: 8F
Cheongdam Bldg. 52, Cheongdam 1-dong, Gangnam-ku, Tel:
82-2-510-0300 Fax: 82-2-547-9998 Industry:
Wholesale of Computers and Non-Customized Software *Hysoung has 50% shares
of Hyosung Information System Co., Ltd. Hyosung
Investment & Development Corporation Address: 450,
Kongduk 2-Dong, Mapo-Ku, Tel:
82-2-707-7000 Industry: Other renting
of Real Estate *Hysung has 58.8%
shares of Hyosung Investment & Development Corporation. Hyosung Innotech
Inc. Address: 7Fl.,
Bangbae Bldg., 1006-2, Bangbae 3-dong, Seocho-ku, Tel:
82-2-707-5907 Fax: 82-2-707-5908 Industry:
Manufacture of Asbestos, Mineral Wools and Other Similar Products *Hyosung has
77.8% shares of Hyosung Innotech Inc. Hyosung
Engineering & Construction Co., Ltd. Address: 3 Fl.,
Bangbae Bldg., 1006-2, Bangbae 3-dong, Seocho-ku, Tel:
82-2-707-4416 Fax: 82-2-707-4401 Industry:
Apartment Building Construction *Hyosung has
50.6% shares of Hyosung Engineering & Construction Co., Ltd. Hyosung Ebara
Environment Engineering Co., Ltd. Address: 183,
Hogye-Dong, Dongan-Ku, Anyang-Si, Gyeonggi-Do 431-080 Tel:
82-31-456-6074 Fax:
82-31-456-6076 Industry:
Installation of Environmental Hygience Treatment Appliances *Hyosung has
81.3% shares of Hyosung Ebara Environment Engineering Co., Ltd. Hyosung Capital
Co., Ltd. Address: 12th
Fl., Tel:
82-2-528-3840 Fax: 82-2-508-3863 Industry: All
Other Financial Intermediation n.e.c. *Hyosung has 100%
shares of Hyosung Capital Co., Ltd. Hongjin Data
Service Co., Ltd. Address: #1006 Tel:
82-2-3663-0080 Fax:
82-2-3663-5844 Industry: Other
Software Consultancy and supply *Hysoung has
65.5% shares of Hongjin Data Service Co., Ltd. |
|
Corporate
Ownership |
BaodingHyosung
Tianwei Transformer Co. *Hyosung has 60%
shares of BaodingHyosung Tianwei Transformer Co. Address: #202,
Lizezhongyuan, Wang Zing, Chaoo Yang Dist. Beijing, Post 100102, Tel:
86-10-6439-2551 Fax: 86-10-6439-2596 *Hyosung has 95% shares
of Beijing Hyosung Computer Technologies.co. Beijing Hyosung
Container Co.,Ltd Address: Tel:
86-10-6788-2486 Fax: 86-10-6788-2371 *Hyosung has 100%
shares of Beijing Hyosung Container Co.,Ltd HICO *Hyosung has 100%
shares of HICO America Sales HYOSUNG AMERICA
INC. Address: Tel:
1-714-989-8900 Fax: 1-714-989-8901 *Hyosung has 100%
shares of HYOSUNG AMERICA INC. HYOSUNG Chemical
Fiber (Jiaxing) Co., Ltd *Hyosung has 100%
shares of HYOSUNG Chemical Fiber (Jiaxing) Co., Ltd Hyosung
Deutschland Gmbh Address: Triforum
Haus A, Frankfurter Str. 223, 63263 Tel:
49-6102-74120 Fax: 49-6102-7412-90 *Hyosung has 100%
shares of Hyosung Deutschland Gmbh HYOSUNG H.K Ltd Address: Room
2504, 25/F., No.9 Queen's Road Central, Tel:
852-2845-6778 Fax: 852-2845-5747 *Hyosung has 100%
shares of HYOSUNG H.K Ltd HYOSUNG JAPAN CO,
LTD Address: SVAX TT Bldg
6F, 11-15, 3-Chome, Toranomon Minato-ku, Tel:
81-3-3432-1005 Fax: 81-3-3459-9300 *Hyosung ha 100%
shares of HYOSUNG JAPAN CO, LTD HYOSUNG RESOURCES
PTY,Ltd *Hyosung has 100%
shares of HYOSUNG RESOURCES PTY,Ltd HYOSUNG SINGAPORE
PTE Ltd. Address: 250, Tel: 656-337-2079
Fax: 656-339-4504 *Hyosung has 100%
shares of HYOSUNG SINGAPORE PTE Ltd. Hyosung Spandex ( *Hyosung has 100%
shares of Hyosung Spandex ( HYOSUNG Spandex
(Jiaxing) Co., Ltd Address: Beihialu
Jiaxing Economic Development Zone Tel:
86-573-222-6200 Fax: 86-573-222-6209 *Hyosung has 100%
shares of HYOSUNG Spandex (Jiaxing) Co., Ltd Hyosung SteelCord
( *Hyosung has 100%
shares of Hyosung SteelCord ( |
|
Major
Shareholders |
HYOSUNG Tire Cord
(Jiaxing) Co., Ltd *Hyosung has 100%
shares of HYOSUNG Tire Cord (Jiaxing) Co., Ltd Hyousng Film
(Jiaxing) Co., Ltd *Hyosung has 100%
shares of Hyousng Film (Jiaxing) Co., Ltd LANKA SYNTHETIC
FIBRE CO, LTD *Hyosung has
98.3% shares of LANKA SYNTHETIC FIBRE CO, LTD XEPIX Co., Ltd *Hyosung 74.9%
shares of XEPIX Co., Ltd HYOSUNG *Hyosung 100%
shares of HYOSUNG EUROPE SRL |
|
Cooperative |
|
Sales by Region (Activity
& Markets)
|
Sales/ Unit :Mil
KRW |
2006 |
2005 |
2004 |
|
Export |
3,244,902 |
3,307,920 |
3,253,597 |
|
Domestic |
1,539,370 |
1,550,858 |
1,530,371 |
|
Total |
4,784,272 |
4,858,778 |
4,783,968 |
The Subject deals with the companies in Asia, Africa,
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
Busan District Court |
The Subject Company |
|
Claim for Damages |
5,482 |
1st Round Proceeding |
|
|
Seoul Central District Court |
The Subject Company |
Saengbo Real Estate Trust |
Claim for Damages |
3,835 |
1st Round Proceeding |
|
|
Supreme Court |
The Subject Company |
Commisisoner of Banpo Tax Office |
Cancelation on the imposed tax |
1,013 |
3rd Round Proceeding |
|
|
Seoul Seobu District Court |
The Subject Company |
|
Claim for Receivables-Construction |
1,631 |
1st Round Proceeding |
|
|
Seoul Seobu District Court |
The Subject Company |
Park Eui-Jin and others(23) |
Cliam for the agreed amount by breach of promise |
496 |
1st Round Proceeding |
|
|
Seoul Nambu District Court |
Representative of |
The Subject Company |
Claim for Guarantee Deposit for Repairing |
1,246 |
1st Round Proceeding |
|
|
Supreme Court |
Seo Jin-Sang and Others(1) |
The Subject Company |
Claim for Retirement Salary |
234 |
3rd Round Proceeding |
|
|
Chuncheon District Court |
Representative of Wonju Kunyoung APT Residnece |
The Subject Company |
Claim for Damages |
162 |
1st Round Proceeding |
|
|
Seoul Seobu District Court |
E1 |
The Subject Company |
Claim for Transportaion Expenses |
77 |
1st Round Proceeding |
|
|
Daegu District Court |
Kim Woo-Chul and others(1) |
The Subject Company |
Claim for Damages |
60 |
1st Round Proceeding |
|
|
|
Ashahi |
The Subject Company |
Banning on Infringement of Patent |
50 |
2nd Round Proceeding |
News Clipping
Hyosung Corp.’s Q2 profits quadruple
JoongangIlbo & Joins.com:08/08/2007
Hyosung Corp., a Korean maker of textiles and heavy machinery, said yesterday its second-quarter earnings more than quadrupled on-year on gains from equity investment in affiliates and improved profitability in the heavy and chemical sectors.Net profit came to 69.2 billion won ($75 million) in the April to June period, compared to 14.9 billion won a year earlier, Hyosung said in a filing.
Sales rose 14.5 percent to 1.37 trillion won in the three months ended June 30.The company’s first-half net income shot up 321.8 percent to 95.1 billion won on-year and sales rose 13 percent to 2.66 trillion won in the same period. Yonhap - Copyrights ⓒ JoongangIlbo & Joins.com, All rights reserved. -
Hyosung plans plant in
JoongangIlbo & Joins.com:06/08/2007
Hyosung Corp., the world’s largest maker of tire-reinforcing materials, will build a $160 million tire cord plant in Vietnam to boost exports to Europe, Asia and South America.Hyosung plans to complete the plant by 2010, and it will produce 53,000 tons a year of polyester cord used in radial tires, the firm said in a regulatory filing yesterday.
Hyosung aims to take advantage of cheap labor costs in
- Copyrights ⓒ JoongangIlbo & Joins.com, All rights reserved. -
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)