MIRA INFORM
REPORT
|
Report Date : |
17.08.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
HANWHA CORPORATION |
|
|
|
|
Registered Office : |
1, Janggyo-dong, Jung-gu, Seoul, Korea, 24th Fl., Hanwha Bldg., Zip Code 100-797 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
28.10.1952 |
|
|
|
|
Com. Reg. No.: |
202-81-16825 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Explosives and Pyrotechnic Products |
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 |
|
Status : |
Good |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Exists |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
South Korea |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Basic
|
Company Name |
HANWHA CORPORATION (Trade Name : HWC) (Korean Company Name : “(주)한화”) |
|
Registered
Address |
1, Janggyo-dong, Jung-gu, Seoul, Korea |
|
Building |
24th Fl., Hanwha Bldg. |
|
Zip Code |
100-797 |
|
Tel |
+82-2-729-1114 |
|
Fax |
+82-2-729-1762 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
24th Fl., Hanwha Bldg., 1, Janggyo-dong,
Jung-gu, Seoul, Korea (C.P.O Box 7423 Seoul) |
|
Tel |
+82-2-729-1114 |
|
Fax |
+82-2-729-1762 |
|
Other Address-Asan Factory |
15-2 Block, Asan Technovalley, San 21-9, Seokgok-ri,
Dunpo-myeon, Asan-si, Chungcheongnam-do, Korea |
|
Tel |
+82-41-538-7552 |
|
Other Address-Changwon Factory |
39, Ungnam-dong, Changwon-si, Gyeongnam-do
641-290 Korea |
|
Tel |
+82-55-278-2880 |
|
Other Address-Gumi Factory |
258, Gongdan-dong, Gumi-si, Gyeongbuk-do
730-030 Korea |
|
Tel |
+82-54-467-8500 |
|
Fax |
|
|
Other Address-Daejeon Factory |
52-1, Waesam-dong, Yuseong-gu, Daejeon
305-156 Korea |
|
Tel |
+82-42-829-2255 |
|
Other Address-Incheon Factory |
50, Gojan-dong, Namdong-gu, Incheon 405-310
Korea |
|
Tel |
+82-32-460-1114 |
|
Fax |
+82-32-446-1889 |
|
Other Address-Yeosu Factor |
805, Sinwol-dong, Yeosu-si, Jeonnam-do
550-190 Korea |
|
Tel |
+82-61-640-1114 |
|
Other Address-Cheonan Factory |
402-1, Sinwol-ri, Seongkeo-eup, Cheonan-si,
Chungnam-do 330-834 Korea |
|
Tel |
+82-41-580-3800 |
|
Other Address-Boeun Factory |
111, Eomdun-ri, Naebuk-myeon, Boeun-gun,
Chungbuk-do 376-812 Korea |
|
Tel |
+82-43-540-0114 |
|
Other Address-Onsan Factory |
753, Wonsan-ri, Onsan-eup, Ulju-gun, Ulsan
689-892 Korea |
|
Tel |
+82-52-237-6512 |
|
Other
Address-Yeongnam Business Dept. |
127-8, Gamjeon-dong, Sasang-gu, Busan
617-250 Korea |
|
Tel |
+82-51-312-9955 |
|
Other
Address-Donghae Branch |
San 24, Mangsang-dong, Donghae-si,
Gangwon-do 240-080 Korea |
|
Tel |
+82-33-532-2747 |
|
Other
Address-Taeback Branch |
253-119, Hwangji-dong, Taeback-si,
Gangwon-do 235-010 Korea |
|
Tel |
+82-33-552-2410 |
|
Fax |
+82-33-552-3664 |
|
Other
Address-Gwangju Branch |
1352, Songjeon 2-dong, Gwangsan-gu,
Gwangju 506-807 Korea |
|
Tel |
+82-62-942-8011 |
|
Other
Address- Busan Branch |
47, Daechang-dong 1-ga, Jung-gu, Busan
600-101 Korea |
|
Tel |
+82-51-469-6066 |
|
Other
Address-Cheonan Branch |
89, Namgwan-ri, Pungse-myeon, Cheonan-si,
Chungnam-do 330-911 Korea |
|
Tel |
+82-41-578-7224 |
|
Other
Address-Jecheon Branch |
169-1, Sigok-ri, Songhak-myeon, Jechon-si,
Chungbuk-do 390-813 Korea |
|
Tel |
+82-43-647-3644 |
|
Fax |
|
|
Other
Address-Guro Business Office |
52-357, Gocheok-dong, Guro-gu, Seoul
152-080 Korea |
|
Tel |
+82-2-2689-1404 |
|
Other
Address-Goyang Branch |
San 118, Yongdu-dong, Deokyang-gu,
Goyang-si, Gyeonggi-do 412-110 Korea |
|
Tel |
+82-2-353-1770 |
|
Other
Address-Jeomchon Branch |
524-1, Gongpyeong-dong, Mungyeong-si,
Gyeongbuk-do 745-150 Korea |
|
Tel |
+82-54-552-2318 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Explosives and Pyrotechnic Products |
|
Main Business |
Industrial Explosive, Network Equipment, CDMA |
|
Established
(mm/dd/yyyy) |
10/28/1952 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Explosive initiators(12131704) |
|
Sell |
Polyvinyl Chloride PVC(13102030) |
|
Sell |
Dynamite(12131501) |
|
Sell |
Fireworks(12131601) |
|
Sell |
Igniters(12131700) |
|
Sell |
Gold(11101801) |
|
Sell |
Bombs and grenades(46111500) |
|
Sell |
Stainless steel plate(30102205) |
|
Sell |
Bearings(31171500) |
|
Sell |
Newsprint and offset papers(14121900) |
|
Sell |
Coated papers(14121800) |
|
Sell |
Art or craft paper(14111606) |
|
Sell |
Pyrotechnics(12131600) |
|
Sell |
Blasting caps(12131701) |
|
Sell |
Metal and mineral industries(73120000) |
|
Sell |
Organic derivatives and substituted
compounds(12352100) |
|
Sell |
Ammonia(12142103) |
|
Sell |
International trade services(80151600) |
|
Sell |
Printing and writing paper(14111500) |
|
Sell |
Inorganic compounds(12352300) |
|
Sell |
Meat and poultry(50111500) |
|
Sell |
Airbags(25172101) |
|
Sell |
Demolition services(72103003) |
|
Sell |
Civil engineering(81101500) |
|
Sell |
Lip balm(53131630) |
CEO’s
|
Name |
Kim Seung-Yon |
|
Date of Birth |
02/07/1952 |
|
Title |
Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
377,190,145,000 |
|||||||||||||||||||||||||||||||||
|
Employees |
3,493 |
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|
Formation |
Listed Company (Korea Stock Exchange: 000880) as of 06/25/1976 A Company of HANWHA GROUP |
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|
Bank Details |
Woori Bank- Euljiro 1-Ga Branch Korea Development Bank Korea Exchange Bank Kookmin Bank Shinhan Bank |
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|
Corporate Registered No. |
110111-0002959 |
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|
Business Registered No. |
202-81-16825 |
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|
Permit & Licenses |
09/1995 ISO 9002 Int’l Trade No.: 672438 |
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|
Shareholder Position |
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|
Company History |
12/02/2008 Awarded US$2 Billion Export Top
Prize 04/01/2008 Acquired CENTEC.CO.,
LTD(180111-0157403) 01/23/2008 Acquired Sentec Co., Ltd. 07/2007 Participated in Yemen’s 4 Zone Oil
Development Project 05/2005 Signed business agreement to
develop the land for the Incheon factory 11/2003 Sold Information &
Communications Division’s Switchboard Unit 06/2003 Sold Information &
Communications Division’s Mobile Communications Unit 04/2003 Formally announced ethical
management initiative 07/2002 Spun-off Construction Division
(Hanwha Engineering & Construction Co.) and Machi 03/2002 Sold Information &
Communications Division’s Transmission Operations Unit and u 12/2001 Acquired Defense Product Unit from
Daewoo Electronics (currently the Gumi factor 03/2001 Spun-off Information Division
(Hanwha S&C) 09/2000 Machinery Division acquired
aircraft components factory (CheonanFactory) 12/1999 Spun-off Pharmaceutical Division
(H-Pharm Co.) 12/1999 Spun-off Power Generation Division
(Hanwha Energy Co.) 09/1999 Acquired Power Generation Unit from
Korea Energy (formerly Hanwha Energy) 12/1998 Incorporated with Hanwha Machine
Co. (Machinery Division) 11/1998 Awarded the Silver Tower Industrial
Medal and the $1 Billion Export Tower award 01/1996 Incorporated with Hanwha Electronic
Information & Communication Co. (Information 02/1996 Incorporated with Duksan
Construction Co. (Construction Division) 12/1995 Assumed operations of Central
Pharmacy 09/1995 Received ISO 9002 certification 01/1995 Incorporated with Golden Bell
Trading Co. (Trade Division) 03/1993 Officially became Hanwha
Corporation 05/1992 Completed construction of Nitrate
Manufacturing Plant in Incheon 01/1991 Completed construction of Boeun
factory 11/1990 Received Korea Productivity Grand
Prize 01/1989 Sold Kimpo Ceramics’ Factory 01/1988 Incorporated with Sanda Co.
(currently the Explosives Division’s Changwon facto 07/1987 Acquired Daejeon factory 04/1984 Acquired Kimpo Ceramics’ factory 11/1982 Awarded the Gold Tower Industrial
Medal and the $100 Million Export Tower award 12/1979 Established Central Research
Institute 08/1978 Completed construction of Yeosu
Factory 06/1976 Company’s IPO (Capital stock: KRW
3.274 million) 05/1974 Officially designated as a Defense
Contractor 01/1955 Acquired Chosun Oil & Fat
Company’s Incheon factory 01/1952 Incorporated as Korea Explosive
Co., Ltd. |
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|
|
|
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Kim Seung-Yon |
Korean |
1952.02.07 |
De Paul University, USA |
|
Co-President & CEO/Explosive
Div. |
Mr. |
Nam Young-Sun |
Korean |
1953.04.02 |
Yonsei University, Korea |
|
Co-President & CEO/Trade Div. |
Mr. |
Park Jae-Hong |
Korean |
1958.02. |
Hanyang University, Korea |
|
Executive Director & CFO |
Mr. |
Han Kwon-Tae |
Korean |
1955.03.22 |
Seogang University, Korea |
|
Outside Director |
Mr. |
Choi Dong-Jin |
Korean |
1946.05.13 |
Korea Military Academy, Korea |
|
Outside Director |
Mr. |
Jung Jin-Ho |
Korean |
1954.10.30 |
Korea University, Korea |
|
Outside Director |
Mr. |
Oh Jae-Deok |
Korean |
1933.03.30 |
Seoul National University |
|
Outside Director |
Mr. |
Kim Soo-Ki |
Korean |
1943.02.04 |
Dongkuk University, Korea |
|
Outside Director |
Mr. |
Cho Sung-Wook |
Korean |
1964.01.15 |
- |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
1,343,640,000,000 |
6,066,316,000,000 |
34,716,000,000 |
|
|
2010 |
6,161,302,000,000 |
6,161,302,000,000 |
34,716,000,000 |
|
2009 |
4,675,860,457,962 |
5,649,188,742,823 |
561,470,674,214 |
|
2008 |
4,942,288,330,531 |
5,207,421,767,749 |
293,413,143,362 |
|
2007 |
3,466,903,819,977 |
4,195,706,697,459 |
215,850,116,823 |
|
2006 |
2,293,081,639,543 |
4,205,878,343,488 |
272,854,639,481 |
|
2005 |
2,150,672,516,399 |
3,448,001,532,340 |
114,157,122,401 |
|
2004 |
2,378,598,196,724 |
3,384,245,709,314 |
241,737,091,895 |
|
2003 |
2,200,754,855,949 |
2,513,734,991,708 |
70,206,212,572 |
(*)03/2011's
figures are based on the K-IFRS Accounting System.
Financial Description
|
Authorized Capital(KRW) |
1,000,000,000,000 |
|
Paid-Up Capital(KRW) |
377,190,145,000 |
|
Total Issues Shares |
75,438,029 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
01/01/2011~03/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
6,066,316,000,000 |
6,044,104,000,000 |
|
|
Current Assets |
1,727,869,000,000 |
1,720,092,000,000 |
|
|
Cash & Cash Equivalents |
55,182,000,000 |
7,464,000,000 |
|
|
Other Finance Assets |
79,750,000,000 |
11,234,000,000 |
|
|
Trade Receivables & Other Receivables |
842,845,000,000 |
978,499,000,000 |
|
|
Other Current Assets |
97,156,000,000 |
115,674,000,000 |
|
|
Inventories |
627,076,000,000 |
596,291,000,000 |
|
|
Marketable Assets |
25,860,000,000 |
10,930,000,000 |
|
|
Non-Current Assets |
4,338,447,000,000 |
4,324,012,000,000 |
|
|
Trade Payables & Other Payables |
290,000,000 |
215,000,000 |
|
|
Marketable Financial Instruments |
9,426,000,000 |
9,373,000,000 |
|
|
Other Finance Assets |
27,200,000,000 |
28,822,000,000 |
|
|
Investment_Related Companies |
3,474,074,000,000 |
3,472,590,000,000 |
|
|
Investment_Real Estates |
33,492,000,000 |
33,492,000,000 |
|
|
Tangibles |
687,641,000,000 |
674,831,000,000 |
|
|
Intangibles |
104,789,000,000 |
103,115,000,000 |
|
|
Other Non-Current Assets |
1,535,000,000 |
1,574,000,000 |
|
|
Total Liabilities |
3,508,396,000,000 |
3,479,097,000,000 |
|
|
Current Liabilities |
2,546,601,000,000 |
2,453,736,000,000 |
|
|
Trade Payables & Other
Payables |
641,365,000,000 |
694,279,000,000 |
|
|
Long-Term Borrowings |
1,614,323,000,000 |
1,530,681,000,000 |
|
|
Other Non-Current Financial Debts |
39,809,000,000 |
43,076,000,000 |
|
|
Other Current Liabilities |
229,387,000,000 |
161,950,000,000 |
|
|
Deferred Income Tax Credit |
21,717,000,000 |
23,750,000,000 |
|
|
Non-Current Liabilities |
961,795,000,000 |
1,025,361,000,000 |
|
|
Long-Term Trade Payables & Other Payables |
13,098,000,000 |
12,603,000,000 |
|
|
Long-Term Borrowings |
556,948,000,000 |
620,261,000,000 |
|
|
Other Finance Liabilities |
563,000,000 |
592,000,000 |
|
|
Confirmed Salaries |
121,393,000,000 |
120,057,000,000 |
|
|
Provision |
4,133,000,000 |
4,133,000,000 |
|
|
Deferred Income Tax Credit |
265,660,000,000 |
267,715,000,000 |
|
|
Capital Stock |
377,190,000,000 |
377,190,000,000 |
|
|
Capital
Surplus |
342,378,000,000 |
342,378,000,000 |
|
|
Installments |
-20,751,000,000 |
-20,751,000,000 |
|
|
Profit
Surplus |
1,859,366,000,000 |
1,866,409,000,000 |
|
|
Installments |
-263,000,000 |
-219,000,000 |
|
|
Total
Equity |
2,557,920,000,000 |
2,565,007,000,000 |
|
|
Liab.
& Shareholder’s Equity |
6,066,316,000,000 |
6,044,104,000,000 |
|
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
6,161,302,000,000 |
5,649,189,000,000 |
5,207,422,000,000 |
|
Current Assets |
1,477,523,000,000 |
1,504,672,000,000 |
1,515,753,000,000 |
|
-Quick Assets |
881,232,000,000 |
916,979,000,000 |
877,236,000,000 |
|
-Inventories |
596,291,000,000 |
587,693,000,000 |
638,517,000,000 |
|
Fixed Assets |
4,683,779,000,000 |
4,144,517,000,000 |
3,691,669,000,000 |
|
-Investment |
4,076,155,000,000 |
3,560,930,000,000 |
3,054,445,000,000 |
|
-Tangibles |
489,092,000,000 |
462,438,000,000 |
494,492,000,000 |
|
-Intangibles |
61,404,000,000 |
59,774,000,000 |
61,021,000,000 |
|
-Others |
57,128,000,000 |
61,375,000,000 |
81,711,000,000 |
|
Total Liabilities |
3,282,972,000,000 |
3,330,843,000,000 |
3,468,279,000,000 |
|
Current Liabilities |
2,201,072,000,000 |
2,285,264,000,000 |
2,457,475,000,000 |
|
Fixed Liabilities |
1,081,900,000,000 |
1,045,579,000,000 |
1,010,804,000,000 |
|
Capital Stock |
377,190,000,000 |
377,190,000,000 |
377,190,000,000 |
|
Capital Surplus |
594,295,000,000 |
353,409,000,000 |
389,508,000,000 |
|
Profit Surplus |
1,801,289,000,000 |
1,567,121,000,000 |
1,040,198,000,000 |
|
Capital Adjustment |
105,556,000,000 |
20,626,000,000 |
-67,753,000,000 |
|
Total Equity |
2,878,330,000,000 |
2,318,346,000,000 |
1,739,143,000,000 |
|
Liab. &
Shareholder’s Equity |
6,161,302,000,000 |
5,649,189,000,000 |
5,207,422,000,000 |
Income
Statement
|
|||
|
Unit : Korean Won |
01/01/2011~03/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
1,343,640,000,000 |
|
|
|
Cost of Sold Goods |
1,253,938,000,000 |
|
|
|
Gross Profit |
89,702,000,000 |
|
|
|
Selling & Admin. Expenses |
50,535,000,000 |
|
|
|
Other Operating Income |
36,914,000,000 |
|
|
|
Other Operating
Expenses |
36,448,000,000 |
|
|
|
Operating Income |
39,633,000,000 |
|
|
|
Finance Income |
26,482,000,000 |
|
|
|
Finance Expenses |
23,895,000,000 |
|
|
|
Other Non-Operating Income |
-1,520,000,000 |
|
|
|
Income Before Taxes |
40,700,000,000 |
|
|
|
Income Taxes Expenses |
5,984,000,000 |
|
|
|
Net Income |
34,716,000,000 |
|
|
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
5,230,965,000,000 |
4,675,860,000,000 |
4,942,288,000,000 |
|
Cost of Sold Goods |
4,757,780,000,000 |
4,228,131,000,000 |
4,522,385,000,000 |
|
Gross Profit |
473,185,000,000 |
447,729,000,000 |
419,903,000,000 |
|
Selling & Admin. Expenses |
229,959,000,000 |
212,750,000,000 |
190,410,000,000 |
|
Operating Income |
243,226,000,000 |
234,979,000,000 |
229,493,000,000 |
|
Non-Operating Income |
465,686,000,000 |
751,929,000,000 |
741,984,000,000 |
|
Non-Operating Expenses |
410,284,000,000 |
386,907,000,000 |
709,232,000,000 |
|
Income Before Taxes |
298,628,000,000 |
600,001,000,000 |
262,245,000,000 |
|
Income Taxes Expenses |
24,200,000,000 |
38,530,000,000 |
-31,168,000,000 |
|
Net Income |
274,428,000,000 |
561,471,000,000 |
293,413,000,000 |
Cash
Flows
|
|||
|
Unit : Korean Won |
01/01/2011~03/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating
Activities Cash Flows |
151,114,000,000 |
|
|
|
Cash Flows from Operating |
161,175,000,000 |
|
|
|
Income Taxes |
-10,061,000,000 |
|
|
|
Cash Flows from Investing |
-105,644,000,000 |
|
|
|
Cash Flows from Financing |
2,248,000,000 |
|
|
|
Increase/Decrease in Cash |
47,718,000,000 |
|
|
|
Cash at the Beginning of Year |
7,464,000,000 |
|
|
|
Cash at the End of Year |
55,182,000,000 |
|
|
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
76,680,000,000 |
297,306,000,000 |
-136,845,000,000 |
|
-Net Income |
274,428,000,000 |
561,471,000,000 |
293,413,000,000 |
|
-Exp. without Cash Outflow |
208,358,000,000 |
142,767,000,000 |
216,518,000,000 |
|
-Revenue
without Cash Inflows |
-280,689,000,000 |
-557,024,000,000 |
-261,645,000,000 |
|
-Changes in
Asset/ & Liability |
-125,417,000,000 |
150,092,000,000 |
-385,131,000,000 |
|
Cash Flows
from Investing |
-4,275,000,000 |
26,744,000,000 |
-377,627,000,000 |
|
-Cash Inflow
from Investing |
116,084,000,000 |
201,187,000,000 |
36,003,000,000 |
|
-Cash Outflows for Investing |
-120,359,000,000 |
-174,443,000,000 |
-413,630,000,000 |
|
Cash Flows from Financing |
-70,105,000,000 |
-438,144,000,000 |
527,910,000,000 |
|
-Cash Inflows from Financing |
2,184,196,000,000 |
1,307,776,000,000 |
9,899,642,000,000 |
|
-Cash Outflows from Financing |
-2,254,301,000,000 |
-1,745,920,000,000 |
-9,371,732,000,000 |
|
Increase/Decrease in Cash |
2,300,000,000 |
-114,094,000,000 |
13,438,000,000 |
|
Cash at the Beginning of Year |
5,164,000,000 |
119,258,000,000 |
105,820,000,000 |
|
Cash at the End of Year |
7,464,000,000 |
5,164,000,000 |
119,258,000,000 |
Products, Technologies, Services Description
|
Main Products & Services |
EXPLOSIVES BUSINESS Explosives -Explosives -Accessories Nitric Products -Nitric Acid -Ammonia Defense Products -Guided Weaponry -Rockets -Illumination Cartridges -Grenades -Fuzes -High Explosives -Propellants -Undersea Equipment Inflators -Driver's Seat -Passenger Seat -Sides Fireworks -Nighttime Fireworks -Daytime Fireworks -Ground Fireworks -Special Effects -Signals Aerospace Products -Fixed Wing -Rotary Wing -Space Brand Name: MegaMite, Hanwha, NewMITE Plus |
|
Main Products & Services |
MegaMite is a nitroglycol-based gelatin dynamite with good water- and
cold-resistance. The unparalleled detonation power and velocity makes it an all-purpose
explosives for both soft and super hard rocks. In particular, it is suitable
to blow up hard and super hard rocks that are hardly affected by emulsion
explosives. HiDETO Plus is an electric detonator with RDX 650mg as its base
charge, and is used to detonate a blast hole electrically. There are
basically two types of products: MS(Millisecond) delay detonators with a
stage-to-stage interval of 20ms and LP(Long Period) delay detonators with a
stage-to-stage interval of 100∼500ms. They are
generally effective both for open-area and underground blasting. Also, their
excellent millisecond precision is effective in minimizing the blasting
vibration and improving fragmentation. With the coloring of leg wires, shell
bodies, etc. they are extremely easy to discern. Driver's Seat In 2001, Hanwha completed the localization of two kinds of inflators
through technology cooperation with TRW. The two are: FG inflator that uses
Azide as the explosive facilitating the generation of gas to inflate the
airbag; and the ADI inflator that uses non-Azide, an environment friendly
product. Currently, these products are manufactured at the Hanwha Boeun
factory which is the only inflator manufacturer in Korea. Passenger Seat The representative products are PPI3 and PHI-2. PPI3 uses non-Azide
propellant as the main source of gas generation to inflate airbags while PHI2
uses compressed inert gas. These products are manufactured at TRW. In Korea,
the installation of passenger-side airbags is increasing rapidly in order to
enhance vehicle safety. Sides It uses compressed inert gas to inflate side airbags and is currently
manufactured at TRW of Germany. The demand for inflators for side airbags is
expected to increase in Korea in order to increase vehicle safety. Korean Fighter Program HANWHA was designated as a specialized FCISA(Flight Control Integrated
Servo Actuator) supplier for KFP program by Korea MND and successfully
delivered to KAI. We fully support our customer, ROKAF, by repair and
overhaul. |
|
Main Products & Services |
TRADE BUSINESS Petroleum Petrochemicals Plastic Resin Chemicals -Inorganic -Organic Chemical -Chemical Export Transportation Equipment Metals Bearings Machinery Equipment -Pneumetic -General Purpose Valves -Bush -LM Defense Products -Ammunitions -Rockets -Fuzes -Propelling Charges -Hand Grenades and Mines -Bombs and Demolitions -Other Suppliable Defense Livestock -Beef -Pork Salt Plastic Products Papers Cut Flowers |
Trade Partners & Competitors
|
Suppliers |
HUCHEMS FINE CHEMICAL CORPORATION 5 FL., KUKDONG BLDG., 60-1, CHUNGMURO 3-GA,
JUNG-GU, SEOUL 100-705 KOREA TEL: 82-2-2262-0600 FAX: 82-2-2265-9381 INDUSTRY: MANUFACTURE OF ALL OTHER CHEMICAL
PRODUCTS N.E.C. TAEYOUNG INDUSTRY CORPORATION 1-1, YONGJAM-DONG, NAM-GU, ULSAN 680-070
KOREA TEL: 82-52-228-3300 FAX: 82-52-228-3388 INDUSTRY: WATER FREIGHT HANDLING HANWHA CHEMICAL CORPORATION HANWHA LIVING &CREATIVE CORPORATION HANWHA ENGINEERING & CONSTRUCTION
CORPORATION YEOCHUN NAPHTHA CRACKING CENTER CO., LTD. HANWHA S & C CO., LTD. TRW |
|
Customers |
DEFENSE PROCUREMENT AGENCY HANWHA CHEMICAL CORPORATION HANWHA LIVING &CREATIVE CORPORATION HANWHA ENGINEERING & CONSTRUCTION
CORPORATION YEOCHUN NAPHTHA CRACKING CENTER CO., LTD. HANWHA S & C CO., LTD. NOVELIS KOREA LIMITED(175611-0003950) HANWHA INTERNATIONAL (S) PTE
LTD.(SINGAPORE) HYUNDAI CONSTRUCTION EQUIPMENT USA
INC.(USA) MARUBENI CORPORATION TOKYO(JAPAN) |
|
Competitors |
SK NETWORKS CO.,
LTD. 4, PYEONG-DONG, GWONSEON-GU, SUWON-SI, GYEONGII-DO
441-230 KOREA TEL:+82-2-2221-2016 FAX:+82-2-2221-0080 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS HYUNDAI
CORPORATION HUNGKUK LIFE INSURANCE BD 226, SINMUNNO
1-GA, JONGNO-GU, SEOUL 110-786 KOREA TEL:+82-2-390-1114 FAX:+82-2-390-1101 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS LG INTERNATIONAL
CORP. 12 FL., LG TWIN TOWER EAST ANNEX, 20,
YEOUIDO-DONG, YEONGDEUNGPO-GU, SEOUL 150-721 KOREA TEL:+82-2-3773-5114 FAX:+82-2-3773-5446 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS DAEWOO
INTERNATIONAL CORPORATION DAEWOO CENTER BLDG., 541, NAMDAEMUNNO 5-GA,
JUNG-GU, SEOUL 100-714 KOREA TEL:+82-2-759-2114 FAX:+82-2-753-9489 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS HYOSUNG
CORPORATION HYOSUNG BLDG., 450, GONGDEOK 2-DONG,
MAPO-GU, SEOUL 121-720 KOREA TEL:+82-2-707-7000 FAX:+82-2-707-0130 INDUSTRY: MAN-MADE FIBERS SPINNING SAMSUNG
CORPORATION 310, TAEPYEONGNO 2-GA, JUNG-GU, SEOUL
100-865 KOREA TEL:+82-2-2145-2114 FAX:+82-2-2145-3114 INDUSTRY: WHOLESALE OF NON-SPECIALIZED
GOODS |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestics |
HANWHA CORP (110111-0002959) HANWHA CHEMICAL CORPORATION
(110111-0360935) HANWHA TIMEWORLD CO., LTD. (160111-0003410) HANWHA SECURITIES CO.,LTD (110111-0003155) HANWHA NON-LIFE INSURANCE CO., LTD.
(110111-0006456) HANWHA LIVING & CREATIVE CORP
(110111-1725930) HANWHA POLYDREAMER CO.,LTD (161511-0001861) HANWHA STATION DEVELOPMENT CO., LTD.
(110111-0544133) HANWHA CHONGNYANGNI STATION DEVELOPMENT
CO., LTD. (110111-3008376) HANWHA INVESTMENT TRUST MANAGEMENT CO.,
LTD. (110111-0571201) HANWHA VC CORP. (110111-1912909) KLI INSURANCE INVESTIGATION CO., LTD.
(110111-3192913) KOREA TELE MARKETING & SERVICES CO.,
LTD (110111-3199349) RADISSON SEOUL PLAZA HOTEL (110111-0154776) HAN COMM. INC. (110111-0362957) ENVIRONMENT FACILITIES MANAGEMENT
CORPORATION (141411-0006564) DREAMPHARMA CORP. (110111-1181025) HANWHA S&C CO., LTD (110111-2204470) GUNPO ECOTECH CORPORATION (110111-2629941) HANWHA 63 CITY CORPORATION (110111-0425622) DAEDEOK TECHNO VALLEY CO., LTD
(160111-0115059) YANGJU ENVIRO CORPORATION (110111-2503244) HANWHA CITY DEVELOPMENT CO.,LTD
(160111-0182230) KUMDAN ECOTECH CORPORATION (110111-3205659) HANWHA GALLERIA CO., LTD.( 110111-0202989) HANWHA TOUR HANWHA RESORT CO.,LTD (110111-0249709) (50.0% HELD BY THE SUBJECT COMPANY) KOREA LIFE INSURANCE CO.,LTD
(110111-0003204) (26.3% HELD BY THE SUBJECT COMPANY) HANWHA EAGLES PROFESSIONAL BASEBALL CLUB
(160111-0007214) (40.0% HELD BY THE SUBJECT COMPANY) DANGJIN TECHNO POLIS CO.,
LTD(165011-0022657) (12/03/2007 Joined as an Affiliated
company) AZDEL INC. (11/21/2007 Joined as an
Affiliated company) HANWHA INDEPENDENT ENERGY
CORPORATION(110111-3780932) (12/03/2007 2007 Joined as an Affiliated
company) GIMHAE TECHNO VALLEY
CO.,LTD.(195511-0120447) (10/01/2009 Joined as an Affiliated
company) HANWHA CHEMICAL OVERSEAS HOLDINGS, CO.,
LTD.(110111-4137207) (08/04/2009 Joined as an Affiliated
company) |
|
Affiliates-Overseas |
KOREA LIFE INVESTMENT (AMERICA) LTD. HANWHA (SHANGHAI) CO., LTD. HANWHA CHEMICAL THAILAND. MAXFORMA INCORPORATED. UNION INDUSTRIAL DEVELOPMENT INC. BOR DEVELOPMENT LLC. MAXFORMA HOLDINGS INCORPORATED MAXFORMA PLASTICS LLC. HANWHA CHEMICAL (BEIJING) CO., LTD. HANWHA CHEMICAL (SHANGHAI) CO., LTD. UNIVERSAL BEARINGS INC. HANWHA AMERICA DEVELOPMENT INC. HANWHA LANCASTER LLC. HANWHA DEVELOPMENT SERVICES LLC. LANCASTER DEVELOPMENT GROUP LLC. HANWHA INTERNATIONAL(S) PTE LTD. MGM RT. ACROPARK GOLF CORP. HANWHA BANK HUNGARY LTD. HANWHA FIRST INVESTMENT CO.,BV HANWHA CHANDLER LLC. CHANDLER LLC. HANWHA SONORAN LLC. SONORAN VISTA LLC. HANWHA SAUDI CONTRACTING CO. LTD. HANWHA
RESOURCES (CANADA) LTD. (12/14/2007 Joined as an Affiliated company) HANWHA L&C CANADA INC. (01/02/2008
Joined as an Affiliated company) HANWHA PARCEL LLC(07/02/2009 Joined as an
Affiliated company) HANWHA INTERNACIONAL DO BRASIL
INTERMEDIACOES DE NEGOCIOS LTDA.(08/19/2009 Joined as an Affiliated company) HANWHA CORSICANA LLC(07/07/2009 Joined as an
Affiliated company) HANWHA PARCEL O LLC(07/03/2009 Joined as an
Affiliated company) |
|
Overseas Office |
HANWHA CORPORATION BEIJING REPRESENTATIVE OFFICE 1804 CAPITAL TOWER BUILDING TOWER A&B
NO.6 JIA JIANGUOMENWAI AVENUE, CHAOYANG DISTRICT, BEIJING, CHINA TEL :+86-10-6517-0012 FAX :+86-10-6517-0025 HANWHA CORPORATION GUANGZHOU REPRESENTATIVE OFFICE RM 1903, WEST TOWER, FORTUNE PLAZA,
#114-118, TIYUNDONG ROAD, GUANGZHOU, CHINA TEL :+86-20 -3893-1567 FAX :+86-20-
3893-2760 HANWHA CORPORATION SHANTOU REPRESENTATIVE OFFICE RM 6-03, 6F MERITUS HOTEL, JINDHA ROAD,
SHANTOU, CHINA TEL :+86-754-8863-3006 FAX 86-754-8863-4209 HANWHA CORPORATION URUMQI REPRESENTATIVE OFFICE 11TH FLOOR, ”D”RM FOUNTAIN PLAZA, #86
ZHONG-SHAN ROAD, URUMQI, XINJIANG, CHINA TEL :+86-991-282-2512,2513 FAX
:+86-991-236-3796 HANWHA CORPORATION SHENZHEN REPRESENTATIVE OFFICE RM 22E2, TIMES PLAZA, NO.1 TAIZI ROAD,
SHEKOU, SHENZHEN, CHINA TEL :+86-755- 2667-3782 FAX :+86-755-
2667-3719 HANWHA CORPORATION SHENYANG REPRESENTATIVE OFFICE RM 1702, TOWER2, SHENYANG CITY PLAZA,
NO.206, NANJING NORTH ST., HEPING DIST, SHENYANG, CHINA TEL :+86-24- 2334-1065 FAX
:+86-24-2334-1096 |
|
Overseas Office |
HANWHA CORPORATION TAIPEI REPRESENTATIVE OFFICE 8F-4, 207, TUN-HWAN ROAD, TAIPEI, TAIWAN TEL :+886-22-547-3355 FAX :+886-22-546-9955 HANWHA CORPORATION JAKARTA REPRESENTATIVE OFFICE S.WIDJOJO BUILDING 9TH FLOOR, JL.JEND.
SUDIRMAN 71, JAKARTA 12190, INDONESIA TEL :+62-21-520-5815 FAX :+62-21-520-5810 HANWHA CORPORATION HO CHI MINH REPRESENTATIVE OFFICE SAIGON RIVERSIDE OFFICE CENTER 15FL, ROOM
1504 2A-4A TON DUC THANG ST., DIST.1., HCMC, VIETNAM TEL :+84-8-822-7301 FAX :+84-8-822-7302 HANWHA CORPORATION MANILA REPRESENTATIVE OFFICE 168 GOLDEN ROCK BLDG. 4TH FLOOR UNIT 4012
168 SALCEDO ST. LEGASPI VILLAGE, MAKATI CITY, PHILIPPINES 1229 TEL :+63-2-840-1330 FAX :+63-2-893-9482 HANWHA CORPORATION ATHENS REPRESENTATIVE OFFICE RIZARIOU 2A AND MIKRAS ASIAS 66, CHALANDRI,
15233, ATHENS, GREECE TEL :+30-210-685-8280 FAX :+30-210-685-8240 HANWHA CORPORATION MOSCOW REPRESENTATIVE OFFICE LENINSKY PROSPEKT 113 / 1, PARK PLACE
BUSINESS CENTER, OFFICE 212D MOSCOW 117198, RUSSIA TEL :+7-495-662-3001~2 FAX :+7-495-662-3003 |
|
Subsidiary |
HANWHA
E&C (110111-2558405) (100.0% held by the subject company) HANWHA TECHM CO.,LTD (194211-0056095) (100.0% held by the subject company) HANWHA HONG KONG (100.0% held by the subject company) HANWHA JAPAN CO., LTD. (100.0% held by the subject company) HANWHA EUROPE GMBH (100.0% held by the subject company) HANWHA MACHINERY AMERICA CORPORATION (100.0% held by the subject company) HANWHA YANHU CHEMICAL CO. (60.0% held by the subject company) HANWHA INTERNATIONAL(SHANGHAI) CO. (100.0% held by the subject company) |
|
Subsidiary |
HANWHA (H.K.) CO., LTD. UNIT 2709, THE CENTER, 99 QUEEN’S
ROAD,CENTRAL, HONG KONG TEL : 852-2529-9325 FAX :+852-2529-4678 HANWHA INTERNATIONAL (SHANGHAI) CO.,LTD. RM.2101, DAWNING CENTRE EAST,NO.500
HONGBAOSHI ROAD, CHANGNING DISTRICT, SHANGHAI 201103 CHINA TEL: 86-21-3126-9889 FAX: 86-21-3209-2312 HANWHA YANHU CHEMICAL CO., LTD. YANHU, EAST SUBURB URUMQI, XINJIANG, CHINA TEL: 86-991-594-0275 FAX: 86-991-236-0277 HANWHA JAPAN CO., LTD. WWW.HANWHA-JAPAN.COM HANWHA BLDG. 8F, 10-1, SHIBA-4 CHOME,
MINATO-KU, TOKYO 108, JAPAN TEL : 81-3-5441-5900 FAX :+81-3-5441-5921 HANWHA INTERNATIONAL (S) PTE LTD. 4 SHENTON WAY #15-05/06 SGX 2 CENTER,
SINGAPORE 068807 TEL: 65-6227-3139 FAX: 65-6227-9337 HANWHA EUROPE GMBH WWW.HANWHA.DE MERGENTHALLER ALLEE 79-81, 65760
ESCHBORN, GERMANY TEL : 49-6196-5016-0 FAX :+49-6196-5016-90 HANWHA INTERNATIONAL LLC. 2559 RT. 130 CRANBURY, NJ 08512, USA TEL: 1-609-655-2500 FAX: 1-609-655-0711 UNIVERSAL BEARINGS LLC. WWW.UNIVBRG.COM 431 NORTH BIRKEY DRIVE, BREMEN, IN 46506,
USA TEL : 1-574-546-2261 FAX :+1-574-546-5085 |
|
Corporate Ownership |
The Subject company is the ultimate company
of HANWHA GROUP. |
|
Cooperative Enterprise |
CLAVERHAM-UK YICOM-YEMEN -Insured Comp[any FIRST FIRE & MARINE INSURANCE CO., LTD.(110111-0017586) |
Sales (Manufacturing) by Region
(Activity & Markets)
|
Sales/ Unit :Mil KRW |
03/2011 |
2010 |
2009 |
|
Export |
12,260 |
79,938 |
79,938 |
|
Domestic |
171,784 |
901,738 |
901,738 |
|
Total |
184,044 |
981,676 |
981,676 |
Sales (Trading) by Region
(Activity & Markets)
|
Sales/ Unit :Mil KRW |
03/2011 |
2010 |
2009 |
|
Export |
745,305 |
2,606,882 |
2,253,602 |
|
Domestic |
349,804 |
1,368,333 |
1,095,317 |
|
Total |
1,095,109 |
3,975,215 |
3,348,919 |
The Subject deals with the companies in China, Japan, Russia, Singapore,
Vietnam and USA.
Court Action
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
Seoul District Court |
An Individual |
The Subject Company &
Others(2) |
Claim for Damage |
712 |
Proceeding |
|
|
Seoul Seobu District Court |
Misung Enterprise Co.,
Ltd.(Korea) |
The Subject Company &
Others(7) |
Claim for Damage |
46 |
Proceeding |
|
|
Seoul High Court |
The Subject Company |
Samgong Engineering |
Claim for Refund on Unfair Profit |
437 |
2nd Round Proceeding(1st Round: The Subject Company won.) |
|
|
Cheonan District Court |
The Subject Company |
Misung Enterprise & Kim Nam-Sun |
Claim for Promissory Note Amount |
162 |
1st Round Proceeding |
|
|
Cheonan District Court |
The Subject Company |
Misung Enterprise |
Claim for Payment |
50 |
1st Round Proceeding |
|
|
Seoul Central District Court |
Misung Enterprise & Kim Nam-Sun |
The Subject Company |
- |
32 |
1st Round Proceeding |
|
|
Cheonan District Court |
Kim Nam-Sun |
The Subject Company |
- |
41 |
1st Round Proceeding |
|
|
- |
Sichuan Hongda (Group) Co., Ltd |
The Subject Company |
Claim for Damage |
USD 1,670,000 |
1st Round Proceeding |
|
|
- |
An individual |
The Subject Company |
Claim for KIA Motor's SPECTRA related Case |
Unspecified |
Pending |
|
|
- |
HUCHEMSFINECHEMICALCORPORATION(110111-2611906) |
The Subject Company & Hanwha E&C |
Claim for Damages |
4,158 |
1st Round Proceeding |
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.25 |
|
UK Pound |
1 |
Rs.73.88 |
|
Euro |
1 |
Rs.65.06 |
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 Business |
---- |
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.