MIRA INFORM
REPORT
|
Report Date : |
17.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
HANWHA TECHM CO., LTD |
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Formerly Known As : |
HANWHA MACHINERY CO., LTD |
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Registered Office : |
59, Seongsan-dong, Seongsan-gu, Changwon-si, Gyeongsangnam-do, Korea, Zip Code 642-315 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
02.07.2002 |
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Com. Reg. No.: |
609-81-54127 |
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacturer of Industrial Ovens, Furnaces and Furnace Burners |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 |
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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
|
Company Name |
HANWHA TECHM
CO., LTD. (Korean Company
Name : “한화테크엠(주)”) |
|
Registered Address |
59, Seongsan-dong, Seongsan-gu,
Changwon-si, Gyeongsangnam-do, Korea |
|
Zip Code |
642-315 |
|
Tel |
+82-55-280-8988 |
|
Fax |
+82-55-280-4664 |
|
E-mail |
khs765@hanwha.co.kr |
|
Website |
www.hanwhatechm.co.kr |
|
Trading Address |
59, Seongsan-dong, Seongsan-gu,
Changwon-si, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-280-8988 |
|
Fax |
+82-55-280-4664 |
|
Other Address-Asan Factory |
215-1, Sinhang-ri,
Dunpo-myeon, Asan-si, Chungcheongnam-do, Korea |
|
Tel |
+82-41-538-4803 |
|
Fax |
+82-41-538-4819 |
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Other Address-Seoul Office |
19FL., Hanwha Finance Center, 43, Taepyeongno 2-ga, Jung-gu, Seoul, Korea |
|
Tel |
+82-2-316-2944 |
|
Fax |
+82-2-316-2939 |
|
Other Address-Sinwol
Office |
59, Sinwol 5-dong,
Yangcheon-gu, Seoul, Korea |
|
Tel |
+82-2-2697-3146 |
|
Fax |
+82-2-2697-3743 |
|
Type |
Export |
|
Industry |
Manufacture of Industrial Ovens, Furnaces and Furnace Burners |
|
Main Business |
Industrial Furnaces, RTO, Industrial Machinery, Machine Tool
,Automation Equipment |
|
Sub
Business |
Manufacture of Other Machine-Tools for Working |
|
Established (mm/dd/yyyy) |
07/02/2002 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Furnaces(40101805) |
|
Sell |
Burners(40101834) |
|
Sell |
Machine tools(23171600) |
|
Sell |
Industrial process machinery and equipment
and supplies(23150000) |
CEO’s
|
Name |
Kim Nam-Gyu |
|
Address |
Suite 301, 1-29, Bangbae-dong,
Seocho-gu, Seoul, Korea |
|
Date of Birth |
09/30/1955 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
30,000,000,000 |
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|
Employees |
474 |
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Formation |
Co., Ltd by Shares A Company of Hanwha Group |
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Bank Details |
Gyungnam Bank Kookmin Bank Citibank, Korea Woori Bank Korea Development Bank |
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Corporate Registered No. |
194211-0056095 |
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Business Registered No. |
609-81-54127 |
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Permit & Licenses |
Int’l Trade No.: 24106287 |
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Shareholder Position |
|
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Company History |
07/02/2002 Incorporated as HANWHA MACHINERY
CO., LTD., after spin off from HANWHA CORP (110111-0002959) 11/2005 Awarded US$ 20 Million Export Top
Prize 01/01/2007 Changed company name to the
present name 12/2008 Awarded US$ 100 Million Export Top
Prize 01/30/2009 Increased capital to
30,000,000,000 KRW from 20,000,000,000 KRW |
|||||||||
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Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
Chairman& CEO |
Mr. |
Kim Seung-Yon |
Male |
Korean |
03/21/2011 |
|
President & CEO |
Mr. |
Kim Nam-Gyu |
Male |
Korean |
06/15/2009 |
|
Director |
Mr. |
Lee Sang-Deok |
Male |
Korean |
03/21/2011 |
|
Director |
Mr. |
Lee Ki-Nam |
Male |
Korean |
03/23/2009 |
|
Auditor |
Mr. |
Han Kwon-Tae |
Male |
Korean |
03/23/2006 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
355,990,144,596 |
286,827,492,298 |
13,178,388,084 |
|
|
2009 |
260,432,582,698 |
243,130,190,897 |
-10,886,268,650 |
|
2008 |
282,372,559,724 |
270,577,110,253 |
1,414,082,439 |
|
2007 |
293,711,251,363 |
247,670,168,678 |
11,734,345,982 |
|
2006 |
295,200,075,989 |
215,067,452,345 |
12,202,829,780 |
Financial Description
|
Authorized Capital(KRW) |
80,000,000,000 |
|
Paid-Up Capital(KRW) |
30,000,000,000 |
|
Total Issues Shares |
6,000,000 |
Balance Sheet
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
286,827,492,298 |
243,130,190,897 |
270,577,110,253 |
|
Current Assets |
191,638,403,552 |
147,985,206,393 |
182,870,130,759 |
|
-Quick Assets |
162,438,889,728 |
130,046,789,793 |
158,164,403,054 |
|
-Inventories |
29,199,513,824 |
17,938,416,600 |
24,705,727,705 |
|
Fixed Assets |
95,189,088,746 |
95,144,984,504 |
87,706,979,494 |
|
-Investment |
30,117,553,780 |
31,597,941,632 |
24,715,869,128 |
|
-Tangibles |
54,413,259,542 |
54,170,375,089 |
54,429,168,432 |
|
-Intangibles |
3,267,028,648 |
3,676,147,822 |
3,486,735,695 |
|
-Others |
7,391,246,776 |
5,700,519,961 |
5,075,206,239 |
|
Total Liabilities |
176,381,581,788 |
142,719,477,702 |
187,959,999,879 |
|
Current Liabilities |
140,342,207,155 |
129,596,860,123 |
174,323,199,533 |
|
Fixed Liabilities |
36,039,374,633 |
13,122,617,579 |
13,636,800,346 |
|
Capital Stock |
30,000,000,000 |
30,000,000,000 |
20,000,000,000 |
|
Capital Surplus |
47,186,872,388 |
47,186,872,388 |
27,239,077,388 |
|
Profit Surplus |
39,462,544,758 |
26,284,156,674 |
37,381,132,363 |
|
Capital Adjustment |
-6,203,506,636 |
-3,060,315,867 |
-2,003,099,377 |
|
Total Equity |
110,445,910,510 |
100,410,713,195 |
82,617,110,374 |
|
Liab. &
Shareholder’s Equity |
286,827,492,298 |
243,130,190,897 |
270,577,110,253 |
|
Current Liabilities |
140,342,207,155 |
129,596,860,123 |
174,323,199,533 |
|
Trade Payables |
84,450,725,096 |
71,276,404,139 |
69,651,654,349 |
|
Short-Term Borrowings |
22,952,362,790 |
10,348,560,000 |
24,000,000,000 |
|
Debentures |
- |
20,000,000,000 |
- |
|
Account Payables |
3,355,551,095 |
2,105,094,263 |
3,465,059,031 |
|
Advance Receipts |
18,530,659,687 |
18,420,956,167 |
9,691,762,872 |
|
Withholdings |
393,783,491 |
668,742,594 |
440,947,625 |
|
Accrued Expenses |
5,919,156,858 |
4,090,696,994 |
739,882,771 |
|
Accrued Income Tax |
3,580,575,017 |
- |
9,257,925,723 |
|
Current Portion of Long-Term Debts |
135,600,000 |
135,600,000 |
34,135,600,000 |
|
Provision for Refund |
95,920,156 |
203,872,286 |
313,433,594 |
|
Provision for Construction Losses |
61,381,965 |
965,158,680 |
813,737,518 |
|
Guarantee Deposit Withhold |
158,659,000 |
149,050,000 |
- |
|
Derivatives |
707,832,000 |
1,232,725,000 |
21,813,196,050 |
|
Fixed Liabilities |
36,039,374,633 |
13,122,617,579 |
13,636,800,346 |
|
Debentures |
20,000,000,000 |
- |
- |
|
Long-Term Borrowings |
169,500,000 |
305,100,000 |
440,700,000 |
|
Long-Term Guarantee Deposit Withhold |
- |
9,900,000 |
- |
|
Provision for Sales Guarantee |
288,485,994 |
149,693,485 |
194,928,624 |
|
Provision for Repairing |
158,501,858 |
109,300,167 |
183,607,136 |
|
Provision for Severance & Retirement |
16,032,441,132 |
13,177,544,286 |
13,605,073,342 |
Income Statement
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
355,990,144,596 |
260,432,582,698 |
282,372,559,724 |
|
Cost of Sold Goods |
307,485,125,874 |
231,344,043,531 |
234,747,018,939 |
|
Gross Profit |
48,505,018,722 |
29,088,539,167 |
47,625,540,785 |
|
Selling & Admin. Expenses |
28,683,108,520 |
22,272,990,969 |
21,809,659,824 |
|
Operating Income |
19,821,910,202 |
6,815,548,198 |
25,815,880,961 |
|
Non-Operating Income |
13,615,118,354 |
14,026,586,622 |
17,941,736,593 |
|
Non-Operating Expenses |
15,575,281,403 |
30,018,396,825 |
33,176,383,027 |
|
Ordinary Income |
17,861,747,153 |
-9,176,262,005 |
10,581,234,527 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
17,861,747,153 |
-9,176,262,005 |
10,581,234,527 |
|
Income Taxes Expenses |
4,683,359,069 |
1,710,006,645 |
9,167,152,088 |
|
Net Income |
13,178,388,084 |
-10,886,268,650 |
1,414,082,439 |
Cash Flows
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
-5,806,166,533 |
18,836,970,401 |
5,856,483,587 |
|
-Net Income |
13,178,388,084 |
-10,886,268,650 |
1,414,082,439 |
|
-Exp. without Cash Outflow |
15,505,943,261 |
27,855,607,428 |
29,631,835,857 |
|
-Revenue
without Cash Inflows |
-3,705,409,891 |
-6,383,830,088 |
-7,920,550,646 |
|
-Changes in
Asset/ & Liability |
-30,785,087,987 |
8,251,461,711 |
-17,268,884,063 |
|
Cash Flows from Investing |
-11,249,615,132 |
-24,637,329,295 |
4,536,580,707 |
|
-Cash Inflow from Investing |
129,347,756,920 |
181,899,362,934 |
21,963,946,743 |
|
-Cash Outflows for Investing |
-140,597,372,052 |
-206,536,692,229 |
-17,427,366,036 |
|
Cash Flows from Financing |
12,496,442,790 |
2,426,815,000 |
-2,101,700,000 |
|
-Cash Inflows from Financing |
32,632,042,790 |
470,227,939,229 |
182,398,329,723 |
|
-Cash Outflows from Financing |
-20,135,600,000 |
-467,801,124,229 |
-184,500,029,723 |
|
Increase/Decrease in Cash |
-4,559,338,875 |
-3,373,543,894 |
8,291,364,294 |
|
Cash at the Beginning of Year |
5,288,081,507 |
8,661,625,401 |
370,261,107 |
|
Cash at the End of Year |
728,742,632 |
5,288,081,507 |
8,661,625,401 |
Products, Technologies, Services Description
|
Main Products & Services |
Industrial Furnaces, RTO, Industrial Machinery, Machine Tool
,Automation Equipment |
Trade Partners & Competitors
|
Competitors |
WOO YOUL
FURNACE CO., LTD. 628-3,
BUBONG-RI, SANIN-MYEON, HAMAN-GUN, GYEONGSANGNAM-DO, KOREA TEL:+82-55-582-4435 FAX:+82-55-582-4438 SOOKOOK
CORPORATION 345-4,
SUHA-RI, SINDUN-MYEON, ICHEON-SI, GYEONGGI-DO, KOREA TEL:+82-31-631-3400 FAX:+82-31-631-2730 HAN YANG
INDUSTRY CO., LTD. 351-1,
JANGHA-DONG, SANGNOK-GU, ANSAN-SI, GYEONGGI-DO, KOREA TEL:+82-31-486-3200 FAX:+82-31-486-1001 |
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) KOREA LIFE INSURANCE CO.,LTD
(110111-0003204) HANWHA EAGLES PROFESSIONAL BASEBALL CLUB
(160111-0007214) DANGJIN TECHNO POLIS CO.,
LTD(165011-0022657) AZDEL INC. HANWHA INDEPENDENT ENERGY
CORPORATION(110111-3780932) GIMHAE TECHNO VALLEY CO.,LTD.(195511-0120447) HANWHA CHEMICAL OVERSEAS HOLDINGS, CO.,
LTD.(110111-4137207) |
|
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. HANWHA L&C CANADA INC. HANWHA PARCEL LLC. HANWHA INTERNACIONAL DO BRASIL
INTERMEDIACOES DE NEGOCIOS LTDA. HANWHA CORSICANA LLC. HANWHA PARCEL O LLC. |
|
Subsidiary |
HANWHA TECHM HUNGARY ZRT (97.21% held by the subject company) |
|
Corporate Ownership |
HANWHA CORPORATION(110111-0002959) |
|
Cooperative Enterprise |
-Insured Company HANWHA GENERAL INSURANCE CO., LTD.(110111-0006456) |
Sales by Region
(Activity & Markets)
The Subject exports
to China, Taiwan, Japan and USA.
Court Action
Not Available.
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.24 |
|
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.