MIRA INFORM
REPORT
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Report Date : |
21.04.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
Hyundai Steel COMPANY |
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Formerly Known As : |
INI STEEL |
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Registered Office : |
1, Songhyeon 3-dong, Dong-gu, |
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Country : |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
01.09.1964 |
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Com. Reg. No.: |
121-81-10385 |
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Legal Form : |
Listed Company |
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Line of Business : |
Manufacture of Basic Iron and Steel. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
South Korea |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic
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Company Name |
HYUNDAI STEEL COMPANY |
|
Registered Address |
1, Songhyeon 3-dong, Dong-gu, |
|
Zip Code |
401-800 |
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Tel |
+82-32-760-2114 |
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Fax |
+82-32-760-2813 |
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E-mail |
js_choi@hyundai-steel.com;johwang@inisteel.com.sg;johwang@hyundai-steel.com |
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Website |
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Trading Address |
231, Yangjae-dong, Seocho-gu, Seoul, Korea |
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Tel |
+82-2-3464-6114 |
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Fax |
+82-2-3464-6100 |
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Other Address-Danjin Factory |
167-32, Godae-ri, Songak-myeon, Dangjin-gun, |
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Tel |
+82-41-351-5114 |
|
Fax |
+82-41-356-5249 |
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Other Address-Pohang Factory |
444, |
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Tel |
+82-54-271-1114 |
|
Fax |
+82-54-271-1241 |
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Other Address-Sales Office |
6, Sinmunno 2-ga, Jongno-gu, Seoul,
Korea |
|
Tel |
+82-2-772-2114 |
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Other Address-Daegu Office |
481-1, Yuram-dong, Dong-gu, |
|
Tel |
+82-53-962-0602 |
|
Other Address-Gwangju Sales
Office |
704-9, Jungheung 1-dong,
Buk-gu, |
|
Tel |
+82-62-511-8404 |
|
Other Address-Busan Sales
Office |
947-4, Gamjeon-dong,
Sasang-gu, |
|
Tel |
+82-51-313-4071 |
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Other Address-Daejeon Sales
Office |
1675-3, Sinil-dong,
Daedeok-gu, |
|
Tel |
+82-42-934-5071 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Basic Iron and
Steel |
|
Main Business |
Beam, Deformed Bar, Steel
Casting Ingot, Roll, STS, Round Bar |
|
Established
(mm/dd/yyyy) |
09/01/1964 |
The Subject owns the
premises of registered HQ address(926,907㎡), Danjin Factory(2,448,023㎡) and
Pohang Factory(720,172㎡).
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Steel(11101704) - |
|
Sell |
Stainless steel plate(30102205) |
|
Sell |
Metal working machinery attachments(23172000) |
|
Sell |
Iron bars(30101603) |
|
Sell |
Iron bars(30101603) |
|
Sell |
Steel channels(30101804) |
|
Sell |
Steel beams(30101704) |
|
Sell |
Rails(30103100) |
|
Sell |
Industrial process machinery and equipment and
supplies(23150000) |
|
Sell |
Channels(30101800) |
|
Sell |
Beams(30101700) |
|
Sell |
Angles(30101500) |
CEO’s
|
Name |
Park Seung-Ha |
|
Address |
- |
|
Date of Birth |
04/19/1951 |
|
Title |
Vice Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
426,572,375,000 |
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Employees |
8,144 |
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Formation |
Listed Company ( A Company of HYUNDAI MOTOR
COMPANY GROUP |
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Bank Details |
S.C First Bank of
Korea-Seosomun Branch |
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Corporate Registered No. |
120111-0001743 |
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Business Registered No. |
121-81-10385 |
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Permit & Licenses |
08/1987 JIS Mark 06/1988 KS Mark 05/1994 ISO 9002 11/20/2002 ISO 9001 10/2003 ISO 14001 08/2005 KS Mark 12/2005 CE Mark 01/19/2006 CE Mark08/2009 CE
Mark(Dangjin Factory) 03/2009 ISO9001, ISO14001,
OHSAS18001 BSI Int’l Trade No.: 720579 |
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Shareholder Position |
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Company
History |
08/2008 Completed conversion of Incheon 50-ton
electric arc furnace into ingot production plant 05/2008 Completed renewal of Incheon 70-ton electric
arc furnace 12/2007 Singed an agreement for steelmaking
operational technology cooperation with ThyssenKrupp Steel (TKS) 06/2007 Completed A hot rolled steel 210mm slab
casting facilities in Dangjin plant 04/2007 Signed an agreement to provide shaft furnace
facilities (Paul Wurth, Luxemburg) 10/2006 Ground-breaking ceremony for integrated steel
mills 10/2006 Changed company name from INI STEEL to
HYUNDAI STEEL Company 05/2005 Commercial operation A line rolling steel
mill in Dangjin 03/2005 Test operation A line rolling steel mill in
Dangjin 12/2004 Closed First melting shop in 11/2004 Awarded $700 Million Export Tower 11/2004 Received award for the price of Environment
Management in National Quality Management Festival 11/2004 Obtained ISO 14001 Certification in 10/2004 Merged with Hanbo Steel Co., Ltd. 06/2003 Published the Hyundai INI Steel's History
book for 50's years 11/2002 Closed 70 t melting s hop in Incheon (Annual
Capacity: 700,000 tons) 11/2002 Introduced Self-Observant fair Trade program 07/2002 Issued U$ 130 million in exchangeable company
bonds through GDR 06/2002 Proclaimed ethics management 12/2001 Closed rolling steel mill in Incheon (Annual
production: 336,000 tons) 11/2001 Awarded $500 Million Export Tower 10/2001 Instituted Efficiency Society: Received award
for Best Company in 07/2001 Changed name to INI STEEL Company 04/2001 Closed No.2 Medium Section Rolling Mill in 04/2001 Incorporation into Hyundai Motors Group 12/2000 Merged with Sammi Steel Co., Ltd. |
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Company History |
08/1999 Certificate Y2K 03/1998 Commissioned 120 Ton D.C.E.A.F & new Medium Section Mill 09/1997 Constructed Technology Research Institute 12/1994 Commissioned 90 Ton Electric Arc furnance & No. 2 Bar Mill 05/1994 Acquired ISO 9002 Certification 12/1993 Revamped Blooming & Medium Section mill 01/1992 Commissioned 80 Ton Electric Arc Furance & Expanded 09/1990 Commissioned No.2 Stainless Steel Cold Rolling Mill (120,000 tons
capacity annually) 03/1990 Commissioned No.1 Stainless Steel Cold Rolling Mill (50,000 tons
capacity annually) 02/1987 Revamped 30 Ton Electric Arc furnance into 40 Ton Furnce 05/1987 Listed on the 02/1986 Revamped Continuous Merchant Bar Mill 01/1986 Revamped 60 Ton Electric Arc Funance 02/1985 Revamped wire rod block mill 02/1983 Commissioned Steel Casting Shop for Steel casting & ingots for
forging 03/1982 Commissioned Heavy section Mill & 70 Ton Electric Arc Funace 03/1979 Commissioned 60 Ton Electric Arc Funance 06/1978 Incorporated Hyundai Group 05/1975 Commissioned Small Section Mill 11/1973 Commissioned Wire Rod Mill 07/1973 Commissioned 40 Ton Electric Arc funance (2 units) 05/1972 Commissioned Continuous Merchant Bar Mill 05/1970 Merged with Inchon Industry Company, Ltd. 09/1964 Established as Inchon Iron & Steel Company 11/1962 Changed the company's name to Inchon Heavy Industry Company, Ltd. 12/1959 Commissioned Blooming & Medium Section Mill 06/1953 Established as Korea Heavy Industry Corporation |
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Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Group Chairman |
Mr. |
Jung Mong-Ku |
Korean |
1938.03.19 |
|
|
Vice Chairman & CEO |
Mr. |
Park Seung-Ha |
Korean |
1951.04.19 |
|
|
President
& CEO |
Mr. |
Woo
Yoo-Cheol |
Korean |
1957.07.17 |
|
|
Vice President |
Mr. |
Kang Hak-Seo |
Korean |
1955.02.28 |
|
|
Outside Director |
Dr. |
Jeon Hyung-Soo |
Korean |
1953.04.27 |
|
|
Outside Director |
Dr. |
Kim Sang-Dae |
Korean |
1949.11.06 |
|
|
Outside Director |
Dr. |
Min Dong-Joon |
Korean |
1956.07.20 |
|
|
Outside Director |
Dr. |
Kim
Seung-Do |
Korean |
1956.10.09 |
|
|
Outside Director |
Mr. |
Oh Jung-Seok |
Korean |
1970.09.30 |
|
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
10,198,164,561,000 |
18,195,566,611,000 |
1,014,142,465,000 |
|
|
09/2010 |
7,328,270,748,945 |
17,515,610,400,187 |
683,520,636,457 |
|
2009 |
7,966,443,736,943 |
15,580,398,956,914 |
1,151,997,454,370 |
|
2008 |
10,502,957,223,763 |
11,739,760,625,706 |
822,540,281,923 |
|
2007 |
7,382,842,298,631 |
8,833,138,697,677 |
519,775,499,180 |
|
2006 |
5,481,241,197,064 |
7,023,616,603,274 |
473,542,825,761 |
|
2005 |
5,050,730,628,233 |
6,395,983,933,795 |
1,032,068,630,015 |
|
2004 |
5,049,255,083,548 |
5,707,038,400,357 |
475,971,425,888 |
(*)The
financials (2010) are released by the subject company
as tentative figures as of 01/28/2011. It can be changeable by the Auditors
confirmation.
Financial Description
|
Authorized Capital(KRW) |
1,500,000,000,000 |
|
Paid-Up Capital(KRW) |
426,572,375,000 |
|
Total Issues Shares |
85,314,475 |
Balance Sheet
|
Unit : Korean Won |
01/01/2010~09/30/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
17,515,610,400,187 |
15,580,398,956,914 |
11,739,760,625,706 |
|
Current Assets |
4,814,135,645,855 |
4,450,094,491,457 |
4,235,457,358,244 |
|
-Quick Assets |
2,579,014,231,610 |
2,944,786,798,978 |
2,523,865,154,650 |
|
-Inventories |
2,235,121,414,245 |
1,505,307,692,479 |
1,711,592,203,594 |
|
Fixed Assets |
12,701,474,754,332 |
11,130,304,465,457 |
7,504,303,267,462 |
|
-Investment |
1,271,537,483,505 |
1,108,820,516,494 |
1,672,092,468,746 |
|
-Tangibles |
11,248,358,120,248 |
9,844,961,615,722 |
5,689,275,806,094 |
|
-Intangibles |
36,553,194,102 |
34,371,037,867 |
35,638,072,431 |
|
-Others |
145,025,956,477 |
142,151,295,374 |
107,296,920,191 |
|
Total Liabilities |
10,145,483,768,559 |
8,973,935,384,986 |
6,910,480,378,180 |
|
Current Liabilities |
4,547,495,645,022 |
3,922,710,091,252 |
2,745,746,063,480 |
|
Fixed Liabilities |
5,597,988,123,537 |
5,051,225,293,734 |
4,164,734,314,700 |
|
Capital Stock |
426,572,375,000 |
426,572,375,000 |
426,572,375,000 |
|
Capital Surplus |
718,190,759,301 |
694,004,613,550 |
694,004,613,550 |
|
Profit Surplus |
5,366,754,053,864 |
4,725,818,788,362 |
3,619,815,574,021 |
|
Capital Adjustment |
858,609,443,463 |
760,067,795,016 |
88,887,684,955 |
|
Total Equity |
7,370,126,631,628 |
6,606,463,571,928 |
4,829,280,247,526 |
|
Liab. & Shareholder’s
Equity |
17,515,610,400,187 |
15,580,398,956,914 |
11,739,760,625,706 |
|
Current Liabilities |
4,547,495,645,022 |
3,922,710,091,252 |
2,745,746,063,480 |
|
Trade Payables |
887,415,210,917 |
691,554,335,235 |
827,089,574,119 |
|
Short-Term Borrowings |
2,053,445,848,117 |
925,979,105,276 |
754,635,512,059 |
|
Account Payables |
733,409,915,814 |
1,269,007,079,621 |
710,783,555,057 |
|
Advance Receipts |
40,092,643,427 |
43,283,599,751 |
46,335,457,382 |
|
Withholdings |
13,949,755,946 |
16,639,128,912 |
32,940,370,486 |
|
Accrued Expenses |
114,603,585,058 |
97,516,992,155 |
77,396,570,244 |
|
Accrued Income Tax |
38,842,783,601 |
237,923,017,962 |
195,207,624,512 |
|
Current Portion of Debentures |
470,000,000,000 |
520,000,000,000 |
20,000,000,000 |
|
Current Portion of Long-Term Debts |
195,979,400,000 |
120,979,400,000 |
81,222,160,000 |
|
Deferred Income Tax Credit |
- |
- |
135,239,621 |
|
Fixed Liabilities |
5,597,988,123,537 |
5,051,225,293,734 |
4,164,734,314,700 |
|
Debentures |
2,190,000,000,000 |
2,005,000,000,000 |
2,225,000,000,000 |
|
Long-Term Borrowings |
3,054,182,650,887 |
2,772,859,205,087 |
1,640,681,571,469 |
|
Guarantee Deposit Withhold |
1,170,506,000 |
1,220,506,000 |
1,245,728,000 |
|
Provision for Severance & Retirement |
295,059,441,876 |
261,456,813,608 |
257,362,158,851 |
|
Deferred Income Tax Credit |
222,919,715,002 |
197,975,603,008 |
216,606,039,990 |
|
Derivatives |
24,834,631,964 |
4,164,783,391 |
- |
Income
Statement
|
Unit : Korean Won |
01/01/2010~09/30/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
7,328,270,748,945 |
7,966,443,736,943 |
10,502,957,223,763 |
|
Cost of Sold Goods |
6,315,398,128,909 |
7,020,718,078,951 |
8,746,370,430,228 |
|
Gross Profit |
1,012,872,620,036 |
945,725,657,992 |
1,756,586,793,535 |
|
Selling & Admin. Expenses |
327,571,541,979 |
367,612,930,903 |
435,151,987,482 |
|
Operating Income |
685,301,078,057 |
578,112,727,089 |
1,321,434,806,053 |
|
Non-Operating Income |
348,101,149,599 |
930,398,988,291 |
343,615,086,347 |
|
Non-Operating Expenses |
250,562,969,388 |
301,897,781,486 |
711,051,522,116 |
|
Ordinary Income |
782,839,258,268 |
1,206,613,933,894 |
953,998,370,284 |
|
Special Income |
|
|
|
|
Income Before Taxes |
782,839,258,268 |
1,206,613,933,894 |
953,998,370,284 |
|
Income Taxes Expenses |
99,318,621,811 |
54,616,479,524 |
131,458,088,361 |
|
Net Income |
683,520,636,457 |
1,151,997,454,370 |
822,540,281,923 |
Cash Flows
|
Unit : Korean Won |
01/01/2010~09/30/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
-663,946,479,226 |
1,414,755,199,771 |
826,027,322,240 |
|
-Net Income |
683,520,636,457 |
1,151,997,454,370 |
822,540,281,923 |
|
-Exp. without Cash Outflow |
384,342,987,258 |
323,739,081,102 |
536,481,140,324 |
|
-Sale without Cash Inflows |
-214,706,230,590 |
-647,046,293,079 |
-123,974,143,571 |
|
-Changes
in Asset/ & Liability |
-1,517,103,872,351 |
586,064,957,378 |
-409,019,956,436 |
|
Cash Flows from Investing |
-875,644,646,242 |
-3,238,363,807,400 |
-1,888,754,202,912 |
|
-Cash Inflow from Investing |
2,177,641,312,670 |
1,815,167,069,387 |
984,457,764,545 |
|
-Cash Outflows for Investing |
-3,053,285,958,912 |
-5,053,530,876,787 |
-2,873,211,967,457 |
|
Cash Flows from Financing |
1,634,129,127,091 |
1,699,712,685,221 |
1,498,625,170,369 |
|
-Cash Inflows from Financing |
3,357,879,498,932 |
3,079,409,710,578 |
3,481,681,073,261 |
|
-Cash Outflows from Financing |
-1,723,750,371,841 |
-1,379,697,025,357 |
-1,983,055,902,892 |
|
Increase/Decrease in Cash |
94,538,001,623 |
-123,895,922,408 |
435,898,289,697 |
|
Cash at the Beginning of Year |
828,642,576,319 |
952,538,498,727 |
516,640,209,030 |
|
Cash at the End of Year |
923,180,577,942 |
828,642,576,319 |
952,538,498,727 |
Products, Technologies, Services Description
|
Main Products & Services |
LONG STEEL Reinforcing Bars Wide Flange Beams Steel Shapes FLAT STEEL Hot Rolled Coil / Plate Cold Rolled Stainless Steel HEAVY MACHINERY etc. Rolls Casted Products & Ingots Track Shoes, etc. |
|
Detailed Products Spec. |
The Incheon
factory has a total area of 280,000 pyeong with the production
capacity for 4.04 million tons of steel and 4.30 million tons of rolling. The
industrial water used at the Incheon factory is brought up from the The The Dangjin
Factory spans over 1.2 million pyeong of land and is divided
largely into districts A and B. A-District uses a 1.2 million ton steel bar
factory and iron scrap as its raw materials annually to produce hot-rolled
steel plates at A hot-roll Factory and B-district is composed of 2 million
tons annually at B hot-Rolling Mill. Currently, the Dangjin Factory is
composed of 1 50,000 ton terminal and 1 30,000 ton terminal at A-district and
plans to add 1 50,000 ton and 1 30,000 ton terminals are in the process of
promotion. Once the A and B hot rolling factories are in normal operation in
2007, it will become a factory with the capacity to produce 5 million tons
annually. Constructed in July 2000 through investments in |
|
Technologies Acquired |
|
Trade Partners & Competitors
|
Suppliers |
RIO
TINTO(AUSTRALIA) VALE(BRAZIL) BHPB(AUSTRALIA) SIMS(USA) POSCO(4611-0000741) |
|
Customers |
Sales Channel -Domestic Indirect Sales: Factory → Distributors →
End-User Direct sales: Factory → End-User -Export Local : Factory → General Int'l Trading Companies →
End-User Direct : Factory → End-User Payment Term Domestic: Cash & Credit
with 90~120 days Export: Irrevocable L/C/Local
L/C FOB/CNF Condition PUBLIC PROCUREMENT |
|
Competitors |
POSCO(174611-0000741) DONGBU STEEL CO., LTD.(110111-0393308) UNION STEEL CO., LTD.(110111-0041501) SEAH STEEL CORPORATION(110111-0118996) HUSTEEL CO.,LTD.(110111-0077283) The Subject accounts for 68.0%(H-Beam)
and 36.8%(Steel Pipe) in terms of Domestic M/S. |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates-Domestic |
HYUNDAI MOTOR COMPANY(110111-0085450) KIA MOTORS
CORPORATION(110111-0037998) HYUNDAI MOBIS CO.,
LTD.(110111-0215536) HYUNDAI AUTONET CO.,
LTD.(134411-0015057) DYMOS INC.(161411-0008562) KEFICO(110111-0543169) HYUNDAI POWERTECH CO.,
LTD.(161411-0009403) WORLD INDUSTRIES ACE
CORP.(194211-0000125) WISCO(194211-0000084) METIA CORPORATION(194211-0000068) IHL CORPORATION(171211-0007722) AUTOMOBILE INDUSTRIAL ACE CO.,
LTD.(135011-0029352) M. SEAT CO.,
LTD.(110111-2410366) PARTECS CO.,
LTD.(161411-0015955) SAMWOO CO.,
LTD.(134511-0003480) HYUNDAI HYSCO(110111-0302416) HYUNDAI STEEL COMPANY(120111-0001743) BNG STEEL CO.,
LTD.(110111-0065395) HMC INVESTMENT SECURITIES CO.,
LTD.(110111-0019962) HYUNDAI CAPITAL SERVICES,
INC.(110111-0995378) HYUNDAI COMMERCIAL
INC.(110111-3646697) HYUNDAI CARD CO.,
LTD.(110111-0377203) HAEVICHI RESORT CO., LTD(224111-0006681) HAEVICHI COUNTRY CLUB CO.,
LTD.(110111-0616049) GLOVIS CO.,
LTD.(110111-2177388) AUTOEVER SYSTEMS
CORPORATION(110111-1935638) M&SOFT CO.,
LTD.(110111-1620239) N.G.V(110111-2094201) CARNES CO.,
LTD.(134111-0134001) HYUNDAI-ROTEM COMPANY(194211-0036336) SEOUL METRO LINE NINE
CORPORATION(110111-3134048) MAINTRANS
COMPANY(110111-3920520) KIA TIGERS CO.,
LTD.(200111-0003883) ASSET MANAGEMENT CO.,
LTD(110111-2622242) INNOCEAN WORLDWIDE
INC(110111-3229097) CORENTEC. CO., LTD.(110111-1983653) JONGRO HAKPYUNG CO.,
LTD.(110111-0171225) |
|
Affiliates-Overseas |
HYUNDAI MOTOR INDIA LTD. HYUNDAI-ASSAN OTOMOTIV SANAYI
VE TICARET A.S. BEIJING HYUNDAI MOTOR COMPANY BEIJING JINXIAN MOTOR SAFEGUARD
SERVICE CO., LTD HYUNDAI TRANSLEAD HYUNDAI MOTOR MANUFACTURING STAMPED METAL AMERICAN RESEARCH
TECHNOLOGY, INC HYUNDAI MOTOR HYUNDAI MORTOR COMPANY
AUSTRALIA PTY LTD. HYUNDAI MOTOR JAPAN CO., LTD HYUNDAI MOTOR AMERICA, INC. HYUNDAI MOTOR FINANCE COMPANY WORLD MARKETING GROUP HYUNDAI MOTOR HYUNDAI AUTO CANADA CAPTIVE
INSURANCE LTD GLOBAL ENGINE GLOBAL ENGINE MANUFACTURING HYUNDAI AMERICA TECHNICAL
CENTER INC. HYUNDAI MOTOR JAPAN R&D CENTER INC. HYUNDAI DE MEXICO S.A. HYUNDAI RIO VISTA, INC CHINA MILLENNIUM CORPORATION Ⅰ CHINA MILLENNIUM CORPORATION Ⅱ CHINA MILLENNIUM CORPORATION Ⅲ BEIJING HINES MILLENIUM REAL
ESTATE DEVELOPMENT CO. HYUNDAI MOTOR GROUP ( HYUNDAI MOTOR HYUNDAI MOTOR HYUNDAI MOTOR NORWAY AS HYUNDAI INFORMATION SERVICE HYUNDAI MOTOR UK LIMITED KIA MOTORS AMERICA INC. KIA CANADA INC. KIA MOTORS DEUTSCHLAND GMBH KIA MOTORS KIA MOTORS POLSKA SP.Z O.O. |
|
Affiliates-Overseas |
KIA MOTORS UNITED KINGDOM LTD KIA MOTORS KIA MOTORS KIA MOTORS KIA MOTORS CZECH GMBH KIA MOTORS KIA MOTORS KIA MOTORS KIA MOTORS DONGFENG YUEDA KIA MOTOR CO.,
LTD KIA JAPAN CO., LTD. KIA MOTORS AUSTRALIA PTY LTD KIA MOTORS SALES SLOVENSKO
S.R.O KIA MOTORS NEW ZEALAND LTD SHANGHAI HYUNDAI MOBIS
AUTOMOTIVE PATRS CO., LTD. BEIJING MOBIS TRANSMISSION CO.,
LTD. MOBIS AMERICA INC. GUANG DONG HYUNDAI MOBIS CO.,
LTD. HYUNDAI MOTOR ( MOBIS PARTS MOBIS PARTS DEUTSCHLAND GMBH MOBIS PARTS, MIDDLE EAST FREE
ZONE ESTABLISHMENT MOBIS MOBIS PARTS AUSTRALIA PTY LTD. BEIJING HYUNDAI MOBIS PARTS
CO., LTD MOBIS PARTS MOBIS PARTS CIS MOBIS PARTS AMERICAN AUTOPARTS, INC. OHIO MODULE MANUFACTURING CO.,
LLC MOBIS INDIA LIMITED HYUNDAI MOBIS(HONGKONG) CO.,LTD MOBIS ALABAMA, LLC MOBIS PARTS AMERICA, LLC MOBIS PARTS QINGDAO HYUNDAI MACHINERY
CO.,LTD. HYUNDAI PIPE OF AMERICA, INC. BEIJING HYUNDAI HYSCO STEEL
PROCESS CO., LTD. HYSCO AMERICA COMPANY, INC. HYSCO HYUNDAI AUTONET ROTEM USA CORPORATION HYUNDAI-KIA MACHINE WIA AUTOMOTIVE PARTS CO., LTD HYUNDAI-KIA MACHINE GLOVIS AMERICA, INC. GLOVIS GLOVIS GLOVIS |
|
Affiliates-Overseas |
GLOVIS GLOVIS INDIA PRIVATE LIMITED GLOBAL AUTO PROCESSING
SERVICES, INC BNG STEEL JAPAN CORP. BNG STEEL GMBH AMCO AMERICA, INC AMCO INDIA CONSTRUCTION
PRIVATE, LTD INNOCEAN WORLDWIDE
COMMUNICATION PRIVATE LIMITED JIANGSU HYUNDAI HYSCO STEEL
PROCESS CO., LTD HYSCO STEEL INDIA., LTD INNOCEAN WORLDWIDE UK LIMITED EUROTEM HYUNDAI MOTOR MANUFACTURING CZECH,
S.R.O. AUTOEVER SYSTEMS INDIA PRIVATE
LIMITED ROTEM EQUIPMENTS ( MOBIS AUTOEVER SYSTEMS CHINA CO.,LTD. KIA MOTORS MANUFACTURING
GEORGIA, INC. HMCIS B.V. AUTOEVERSYSTEMS HYUNDAI MOTOR DYMOS HYUNDAI AUTO CANADA CORP. MOBIS AUTOMOTIVE CZECH S.R.O. HYUNDAI MOTOR CIS LLC MOBIS PARTS HYUNDAI AUTONET INDIA
ENGINEERING PRIVATE LIMITED HYSCO CZECH S.R.O AMCO CAMBODIA CO.,LTD. GLOVIS LOGISTICS LTD. GLOVIS INNOCEAN WORLDWIDE MOBIS GEORGIA, LLC GLOVIS GEORGIA, LLC GLOVIS HONG KONG CO.,LTD |
|
Affiliates-Overseas |
KIA MOTORS UNITED KINGDOM LTD KIA MOTORS KIA MOTORS KIA MOTORS KIA MOTORS CZECH GMBH KIA MOTORS KIA MOTORS KIA MOTORS KIA MOTORS DONGFENG YUEDA KIA MOTOR CO.,
LTD KIA JAPAN CO., LTD. KIA MOTORS AUSTRALIA PTY LTD KIA MOTORS SALES SLOVENSKO
S.R.O KIA MOTORS NEW ZEALAND LTD SHANGHAI HYUNDAI MOBIS
AUTOMOTIVE PATRS CO., LTD. BEIJING MOBIS TRANSMISSION CO.,
LTD. MOBIS AMERICA INC. GUANG DONG HYUNDAI MOBIS CO.,
LTD. HYUNDAI MOTOR ( MOBIS PARTS MOBIS PARTS DEUTSCHLAND GMBH MOBIS PARTS, MIDDLE EAST FREE
ZONE ESTABLISHMENT MOBIS MOBIS PARTS AUSTRALIA PTY LTD. BEIJING HYUNDAI MOBIS PARTS
CO., LTD MOBIS PARTS MOBIS PARTS CIS MOBIS PARTS AMERICAN AUTOPARTS, INC. OHIO MODULE MANUFACTURING CO.,
LLC MOBIS INDIA LIMITED HYUNDAI MOBIS(HONGKONG) CO.,LTD MOBIS ALABAMA, LLC MOBIS PARTS AMERICA, LLC MOBIS PARTS QINGDAO HYUNDAI MACHINERY
CO.,LTD. HYUNDAI PIPE OF AMERICA, INC. BEIJING HYUNDAI HYSCO STEEL
PROCESS CO., LTD. HYSCO AMERICA COMPANY, INC. HYSCO HYUNDAI AUTONET ROTEM USA CORPORATION HYUNDAI-KIA MACHINE WIA AUTOMOTIVE PARTS CO., LTD HYUNDAI-KIA MACHINE GLOVIS AMERICA, INC. GLOVIS GLOVIS GLOVIS |
|
Overseas Office |
TEL:+65-6341-5080~1 FAX
:+65-6293-5083 HYUNDAI MOTOR TEL:+1-714-594-1699 FAX
:+1-714-594-1636 FRANKFURT ( HYUNDAI-PLATZ,
KAISERLEIPROMENADE 5, 63067 TEL:+49-69-271472-790 FAX
:+49-69-271472-799 RM, 802-B, XIAN DAI QI CHE DA
SHA, #38 XIAO YUN RD., CHAO YANG, BEIJING, CHINA TEL:+86-10-8453-9228~9 FAX :+86-10-6467-0706
AL TEL:+971-4-227-8752 FAX
:+971-4-223-8396 ROOM #6, UNITS NOS. 1212-1215,
12TH FLOOR, THE METROPOLIS TOWER, NO 10 METROPOLIS DRIVE, HUNGHOM, KOWLOON,
HONG KONG TEL:+852-3162-5313 FAX
:+852-3162-5315 A17, 3RD FLOOR, HORISON HOTEL,
40 CAT LINH STR., TEL:+84-4-7365-920 FAX
:+84-4-7365-921 SHUWA SANBANCHO BLDG. 2F, 28,
SANBANCHO CHIYODA-KU, TEL:+81-3-5211-4410/4412 FAX
:+81-3-5211-4413 |
|
Subsidiary |
QINGDAO INI MACHINERY CO., LTD. TEL:+86-532-727-3818 FAX:
+86-532-727-3816 *The Subject has 100% shares of
Qingdao INI Machinery Co., Ltd. BNG STEEL CO., LTD. 66, SINCHON-DONG, CHANGWON-SI,
GYEONGNAM-DO 641-370 TEL:+82-55-268-4047 FAX:
+82-55-268-4134 Industry: Manufacture of Cold
Rolled, Drawn and Extruded Iron or Steel (40.83%
held by the subject company) |
|
Cooperative |
-Insured Company HYUNDAI MARINE & FIRE INSURANCE CO.,
LTD.(110111-0035893) |
Sales by Region
(Activity &
Markets)
|
Sales/
Unit :Mil KRW |
09/2010 |
2009 |
2008 |
|
Export |
2,182,721 |
2,187,619 |
2,670,584 |
|
Domestic |
5,145,550 |
5,778,825 |
7,832,373 |
|
Total |
7,328,271 |
7,966,444 |
10,502,957 |
The Subject deals with the companies in
Court Action
No.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
|
1 |
Rs.72.56 |
|
Euro |
1 |
Rs.63.92 |
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 |
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 |
|
---- |
NB |
New Company |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.