MIRA
INFORM REPORT
|
Report Date : |
22.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
HYOSUNG CORPORATION |
|
|
|
|
Registered Office : |
Hyoseong Bldg. 450, Gongdeok 2-dong, Mapo-gu, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
03.11.1966 |
|
|
|
|
Com. Reg. No.: |
105-81-59519 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Wholesale of Non-Specialized Goods |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
Payment Behaviour : |
No Complaints |
|
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 – 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 |
HYOSUNG CORPORATION (Korean Company Name : “(주)효성”) |
|
Registered Address |
450, Gongdeok 2-dong, Mapo-gu, |
|
Building |
Hyoseong Bldg. |
|
Zip Code |
121-805 |
|
Tel |
+82-2-707-7000 |
|
Fax |
+82-2-707-0130 |
|
E-mail |
|
|
Website |
|
|
Trading Address |
Hyoseong Bldg., 450, Gongdeok 2-dong,
Mapo-gu, |
|
Tel |
+82-2-707-7000 |
|
Fax |
+82-2-707-0130 |
|
Other Address |
Cheongdam Bldg., 52, Cheongdam-dong,
Gangnam-gu, |
|
Tel |
+82-2-707-6114 |
|
Other Address-Cheongwon Factory |
413-1, Geumho-ri, Buyong-myeon,
Cheongwon-gun, |
|
Tel |
+82-43-277-6070 |
|
Other Address-Changwon Factory (1) |
454-2,
Nae-dong, Changwon-si, Gyeongnam-do 641-050 |
|
Tel |
+82-55-268-9022 |
|
Other Address-Changwon Factory (2) |
456-6, Nae-dong, Changwon-si, Gyeongnam-do
641-050 |
|
Tel |
+82-55-268-9022 |
|
Other Address-Changwon Factory (3) |
456-6,
Nae-dong, Changwon-si, Gyeongnam-do 641-050 |
|
Tel |
+82-55-268-9022 |
|
Other Address-Changwon Factory (4) |
49,
Wungnam-dong, Changwon-si, Gyeongnam-do 641-290 |
|
Tel |
+82-55-268-9022 |
|
Other Address-Ulsan Factory |
588, |
|
Tel |
+82-52-279-2014 |
|
Other Address-Gumi Factory (1) |
169, Simi-dong, Gumi-si, Gyeongbuk-do 730-340 |
|
Tel |
+82-54-470-9114 |
|
Fax |
+82-54-472-5775 |
|
Other Address-Gumi Factory (2) |
630,
Gupo-dong, Gumi-si, Gyeongbuk-do 730-400 |
|
Tel |
+82-54-459-2117 |
|
Fax |
+82-54-475-3471 |
|
Other Address-Anyang Factory |
183-2,
Hogye-dong, Dongan-gu, Anyang-si, Gyeonggi-do 431-080 |
|
Tel |
+82-31-428-1000 |
|
Other Address-Eonyang Factory |
59, Bansong-ri, Eonyang-eup, Ulju-gun, |
|
Tel |
+82-52-255-5114 |
|
Other Address-Daejeon Factory (1) |
49-1,
Munpyeong-dong, Daedeok-gu, Daejeon 306-220 Korea |
|
Tel |
+82-42-932-6187 |
|
Fax |
+82-42-932-8270 |
|
Other Address-Daejeon Factory (2) |
1685-1,
Sinil-dong, Daedeok-gu, Daejeon 306-230 Korea |
|
Tel |
+82-42-605-8500 |
|
Other Address-Yongyeon Factory (1) |
186, |
|
Tel |
+82-52-279-2014 |
|
Other Address-Yongyeon Factory (2) |
204-1, |
|
Tel |
+82-52-279-5500 |
|
Other Address-Jochiwon Factory |
518, |
|
Tel |
+82-41-860-3128 |
|
Other Address-Seoul Office |
3rd
Fl., Bangbae Bldg., 1006-2, Bangbae 3-dong, Seocho-gu, |
|
Tel |
+82-2-707-4418 |
|
Fax |
+82-2-707-4401 |
|
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 |
|
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) |
|
Sell |
Motor control centers(39121104) |
|
Sell |
Iron removal equipment(47101510) |
|
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) |
|
Sell |
Incinerators(47101529) |
|
Sell |
Electrical and electronic
engineering(81101700) |
|
Sell |
Panelboards(39121103) |
|
Sell |
Tire cord(25172507) |
|
Sell |
Motorcycles(25101801) |
|
Sell |
Transportation related equipment and
instruments(41112800) |
|
Sell |
Kinetic power transmission(26111500) |
|
Sell |
Induction motors(26101601) |
|
Sell |
Welders(23171508) |
|
Sell |
Power conditioning equipment(39121000) |
|
Sell |
Yarns(11151700) |
|
Sell |
Polyester thread(11151603) |
|
Sell |
Wind generators(26111603) |
|
Sell |
Lifting equipment and accessories(24101600) |
|
Sell |
Heat exchangers(40101802) |
|
Sell |
Motors(26101600) |
|
Sell |
Plate(30102200) |
|
Sell |
Channels(30101800) |
|
Sell |
Iron bars(30101603) |
|
Sell |
Road cargo transport(78101800) |
|
Sell |
Panelboards(39121103) |
|
Sell |
Nylon thread(11151608) |
|
Sell |
Machine tools(23171600) |
|
Sell |
Stainless steel rods(30102405) |
|
Sell |
Pipe(40142100) |
|
Sell |
Coil(30101900) |
|
Sell |
Rod(30102400) |
|
Sell |
Surge suppressers(39121610) |
|
Sell |
Specialty
fabrics or cloth(11162100) |
|
Sell |
Coil(30101900) |
|
Sell |
Vehicle
batteries(26111703) |
|
Sell |
Agricultural and
forestry and landscape machinery and equipment(21100000) |
|
Sell |
Electrical
wire(26121500) |
|
Sell |
Golf
carts(25101904) |
|
Sell |
Water treatment
and supply equipment(47101500) |
|
Buy |
Caprolactam |
|
Buy |
Wire Rod |
|
Buy |
Core |
|
Buy |
Copper Rod |
CEO’s
|
Name |
Lee Sang-Woon |
|
Date of Birth |
03/18/1952 |
|
Title |
Vice Chairman & COO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
175,587,275,000 |
|||||||||||||||||||||||||||||||||
|
Employees |
7,301 |
|||||||||||||||||||||||||||||||||
|
Formation |
Listed Company ( A Company of Hyosung Business Group |
|||||||||||||||||||||||||||||||||
|
Bank Details |
Woori Bank-Headquarters Hana Bank Korea Development Bank |
|||||||||||||||||||||||||||||||||
|
Corporate Registered No. |
110111-0030497 |
|||||||||||||||||||||||||||||||||
|
Business Registered No. |
105-81-59519 |
|||||||||||||||||||||||||||||||||
|
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 Int’l Trade No.: 710053 |
|||||||||||||||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||||||||||||||
|
Company History |
2008 Work for the Spandex Plant in 2008 Work for the Spandex Tire Cord Plant
in 2008 Acquired Chinhung International, Ltd. 2008 Expanded the Nantong Hyosung
Transformer Co., Ltd. factory in 2008 Acquired China Shenyang Motor Co.,
Ltd. 06/01/2007 Acquired HYOSUNG INNOTECH
INC.(110111-0523004) 2007 Acquired StarLease Co., Ltd. 2007 Built a new NF3 factory, Built
facility for anti-bacterial filled PET bottles 2007 Built a #1 Solar Energy Power Plant 2007 Exceeded KRW 5 trillion in sales for
Hyosung Co., Ltd. 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 |
|||||||||||||||||||||||||||||||||
|
Company History |
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 Incorporated as Tongyang Nylon Co.,
Ltd. |
|||||||||||||||||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Cho Seok-Rae |
Korean |
1935. 11. 19 |
Waseda University-Japan |
|
Vice Chairman & COO |
Mr. |
Lee Sang-Woon |
Korean |
1952. 03. 18 |
|
|
President-Int'l Trading |
Mr. |
Cho Hyun-Joon |
Korean |
1968. 01. 16 |
|
|
Vice President & CFO |
Mr. |
Jung Yoon-Taik |
Korean |
1955. 05. 24 |
|
|
Vice President |
Mr. |
Cho Hyun-Moon |
Korean |
1969. 03. 07 |
|
|
Outside Director |
Mr. |
Bae Ki-Eun |
Korean |
1933. 09. 10 |
|
|
Outside Director |
Mr. |
Park Tae-Ho |
Korean |
1952. 07 .30 |
|
|
Outside Director |
Mr. |
Han Min-Koo |
Korean |
1948.07.21 |
|
|
Outside Director |
Mr. |
Ha Young-One |
Korean |
1954.11.02 |
The University of |
|
Outside Director |
Mr. |
Park Joong-Jin |
Korean |
1951. 09. 18 |
|
|
Outside Director |
Mr. |
Kim Sang-Hee |
Korean |
1951. 01. 25 |
|
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
8,192,063,227,330 |
6,823,069,785,728 |
271,331,967,461 |
|
|
2009 |
7,039,730,700,663 |
6,243,943,727,184 |
338,919,858,031 |
|
2008 |
6,925,725,467,698 |
6,090,096,388,480 |
136,373,550,376 |
|
2007 |
5,425,099,992,356 |
4,269,395,078,803 |
166,710,499,142 |
|
2006 |
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 |
Financial Description
|
Authorized Capital(KRW) |
1,000,000,000,000 |
|
Paid-Up Capital(KRW) |
175,587,275,000 |
|
Total Issues Shares |
35,117,455 |
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
6,823,069,785,728 |
6,243,943,727,184 |
6,090,096,388,480 |
|
Current Assets |
1,828,108,367,622 |
1,466,372,707,267 |
1,438,787,469,305 |
|
-Quick Assets |
1,026,112,519,810 |
995,495,365,684 |
929,937,520,499 |
|
-Inventories |
801,995,847,812 |
470,877,341,583 |
508,849,948,806 |
|
Fixed Assets |
4,994,961,418,106 |
4,777,571,019,917 |
4,651,308,919,175 |
|
-Investment |
1,702,587,935,744 |
1,597,500,369,155 |
1,580,110,511,965 |
|
-Tangibles |
3,060,132,661,054 |
3,081,417,228,541 |
2,975,738,565,052 |
|
-Intangibles |
9,914,741,485 |
9,828,376,754 |
9,598,553,091 |
|
-Others |
222,326,079,823 |
88,825,045,467 |
85,861,289,067 |
|
Total Liabilities |
3,856,262,702,079 |
3,506,608,817,651 |
3,638,137,996,756 |
|
Current Liabilities |
2,336,111,295,420 |
2,116,609,041,215 |
2,008,811,504,864 |
|
Fixed Liabilities |
1,520,151,406,659 |
1,389,999,776,436 |
1,629,326,491,892 |
|
Capital Stock |
175,587,275,000 |
175,587,275,000 |
175,587,275,000 |
|
Capital Surplus |
1,164,676,746,628 |
1,170,809,666,929 |
1,165,402,259,755 |
|
Profit Surplus |
835,769,580,262 |
607,745,223,141 |
292,045,758,529 |
|
Capital Adjustment |
790,773,481,759 |
783,192,744,463 |
818,923,098,440 |
|
Total Equity |
2,966,807,083,649 |
2,737,334,909,533 |
2,451,958,391,724 |
|
Liab. & Shareholder’s Equity |
6,823,069,785,728 |
6,243,943,727,184 |
6,090,096,388,480 |
|
Current
Liabilities |
2,336,111,295,420 |
2,116,609,041,215 |
2,008,811,504,864 |
|
Trade
Payables |
977,835,151,836 |
697,236,978,712 |
653,091,559,915 |
|
Short-Term
Borrowings |
375,109,453,769 |
347,130,370,084 |
577,879,630,110 |
|
Current
Portion of Long-Term Debts |
502,290,190,000 |
646,112,113,332 |
382,841,500,000 |
|
Account
Payables |
208,331,307,251 |
171,391,466,791 |
160,652,671,706 |
|
Accrued
Income Tax |
78,186,563,571 |
17,652,002,222 |
137,905,840 |
|
Accrued
Expenses |
25,844,642,229 |
36,448,673,882 |
32,319,405,871 |
|
Advance
Receipts |
111,668,436,679 |
140,773,438,809 |
110,156,553,144 |
|
Withholdings |
27,024,453,352 |
24,018,203,142 |
18,933,608,987 |
|
Withhold
Deposit Received |
22,531,357,796 |
22,325,168,086 |
21,032,918,022 |
|
Derivatives |
7,289,738,937 |
13,520,626,155 |
51,765,751,269 |
|
Fixed
Liabilities |
1,520,151,406,659 |
1,389,999,776,436 |
1,629,326,491,892 |
|
Debentures |
680,000,000,000 |
700,000,000,000 |
725,000,000,000 |
|
Long-Term
Borrowings |
403,067,290,000 |
262,579,466,668 |
496,182,650,000 |
|
Long-Term
Account Payables |
10,115,724,683 |
9,970,506,284 |
8,017,850,530 |
|
Long-Term
Guarantee Deposit Withhold |
25,031,547,000 |
25,031,547,000 |
23,389,137,000 |
|
Provision
for Severance & Retirement |
128,726,303,877 |
158,294,268,998 |
142,712,258,129 |
|
Provision
for Repairing |
8,485,572,999 |
9,037,173,371 |
8,686,194,067 |
|
Non-Current
Portion of Deferred Income Tax Credit |
265,162,701,444 |
251,642,001,439 |
253,173,126,466 |
|
Others |
95,968,673,552 |
88,206,293,212 |
73,065,992,052 |
Income
Statement
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
8,192,063,227,330 |
7,039,730,700,663 |
6,925,725,467,698 |
|
Cost of Sold Goods |
6,970,250,409,915 |
5,886,618,057,390 |
5,962,516,339,491 |
|
Gross Profit |
1,221,812,817,415 |
1,153,112,643,273 |
963,209,128,207 |
|
Selling & Admin. Expenses |
722,443,685,591 |
620,705,981,924 |
552,855,089,309 |
|
Operating Income |
499,369,131,824 |
532,406,661,349 |
410,354,038,898 |
|
Non-Operating Income |
411,417,916,858 |
376,527,041,697 |
310,738,606,269 |
|
Non-Operating Expenses |
508,563,390,589 |
467,241,851,467 |
664,983,590,839 |
|
Ordinary Income |
402,223,658,093 |
441,691,851,579 |
56,109,054,328 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
402,223,658,093 |
441,691,851,579 |
56,109,054,328 |
|
Income Taxes Expenses |
130,891,690,632 |
102,771,993,548 |
(-)80,264,496,048 |
|
Net Income |
271,331,967,461 |
338,919,858,031 |
136,373,550,376 |
Cash
Flows
|
Unit :
Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows
from Operating |
524,205,737,896 |
484,089,249,418 |
264,558,121,891 |
|
-Net Income |
271,331,967,461 |
338,919,858,031 |
136,373,550,376 |
|
-Exp.
without Cash Outflow |
508,861,337,420 |
403,364,485,591 |
488,696,328,219 |
|
-Revenue
without Cash Inflows |
-274,859,653,664 |
-205,142,720,417 |
(-)154,325,862,396 |
|
-Changes in
Asset/ & Liability |
18,872,086,679 |
-53,052,373,787 |
(-)206,185,894,308 |
|
Cash Flows
from Investing |
-291,088,828,534 |
-397,361,811,987 |
(-)501,732,343,941 |
|
-Cash Inflow
from Investing |
219,818,578,546 |
77,177,359,725 |
75,756,764,224 |
|
-Cash
Outflows for Investing |
-510,907,407,080 |
-474,539,171,712 |
(-)577,489,108,165 |
|
Cash Flows
from Financing |
-18,635,189,514 |
-201,358,633,566 |
351,308,622,203 |
|
-Cash
Inflows from Financing |
4,140,088,187,671 |
3,166,479,981,850 |
4,644,678,590,939 |
|
-Cash
Outflows from Financing |
-4,158,723,377,185 |
-3,367,838,615,416 |
(-)4,293,369,968,736 |
|
Increase/Decrease
in Cash |
214,481,719,848 |
-114,631,196,135 |
114,134,400,153 |
|
Cash at the
Beginning of Year |
30,919,398,546 |
145,550,594,681 |
31,416,194,528 |
|
Cash at the
End of Year |
245,401,118,394 |
30,919,398,546 |
145,550,594,681 |
Products, Technologies, Services Description
|
Main Products & Services |
Heavy Industry Division Industrial Materials Division Chemicals Division Textile Division Construction Division Int’l Trading Division Synthetic Fiber, Terephthalic Acid, Financial Automation Systems,
Building Construction Services Brand Name: TOPILENE, CREORA,M2, Baik-Nyeon Ga-Yak |
Trade Partners & Competitors
|
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 |
|
ustomers |
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-Domestic |
HYOSUNG CORPORATION(110111-003049
) HYOSUNG ITX
CO., LTD.(110111-1412256) CHINHUNG
INTERNATIONAL INC.(110111-0006349) HYOSUNG
INFORMATION SYSTEMS CO., LTD.(110111-0405806) VARO VISION
CO., LTD.(110111-1081928) NAUTILUS
HYOSUNG INC.(110111-0511546) HYOSUNG CAPITAL
CO., LTD.(110111-1419286 ) HYOSUNG-EBARA
CO., LTD.(110111-0653653) HYOSUNG
INVESTMENT & DEVELOPMENT CORPORATION(110111-0216451) HYOSUNG
CONSTRUCTION CO., LTD.(110111-0225204) HYOSUNG EBARA
ENGINEERING CO., LTD.(110111-1375818) HYOSUNG TRANS
WORLD CO., LTD.(110111-1396848) DOOMI
CONSTRUCTION CO., LTD.(134411-0010833) HONGJIN DATA
SERVECE CO., LTD.(110111-2108086) AEGIS HYOSUNG
CO., LTD.(110111-2109034) THE CLASS
HYOSUNG CO., LTD.(110111-2875479) GUMOK NONGSAN
CO., LTD.(141111-0028198 ) HYOSUNG WIND POWER
HOLDINDS CO., LTD.(141111-0028461) INFO BADA CO.,
LTD.(110111-1849847) EPIPLUS CO.,
LTD.(110111-1973662) GALAXIA
ELECTRONICS CO., LTD.(110111-3537672) GANGNUNG WIND
POWER CO., LTD.(141111-0029360) KIS-BANK
INC(110111-1920506) HYOSUNG FMS
INC.(110111-3694349 ) STAR LEASE
CO., LTD.(110111-0383383) HANIL RENTAL
CO., LTD.(110111-0847826) TAEUK
CONSTRUCTION CO., LTD.(180111-0388777) GALAXIA
COMMUNICATIONS CO., LTD.(110111-2558174) TAEAN
SOLAPHARM CO., LTD.(165111-0007293) LUXMAX NETWORK
CO., LTD.(131111-0172583) LUXMAX CO.,
LTD.(134211-0077473) JASON GOLF
CO., LTD.(110111-3548653) INFO HUB CO.,
LTD.(110111-1819171) NAMU ACTORS
CO., LTD.(110111-2936792) FLOWER
ENTERTAINMENT CO., LTD.(110111-3390864) TERA DISPLAY
CO., LTD.(131111-0154325) |
|
Affiliates-Overseas |
BAODING
HYOSUNG TIANWEI TRANSFORMER CO., LTD. BEIJING
HYOSUNG COMPUTER TECHNOLOGIES CO., LTD. BEIJING
HYOSUNG CONTAINER CO., LTD. BEIJING
HYOSUNG FOOD & BEVERAGE CO., LTD. HICO AMERICA
SALES & TECHNOLOGY, INC. HYOSUNG
AMERICA INC. HYOSUNG BRASIL
INDUSTRIAL & COMMERCIAL LTDA HYOSUNG
CHEMICAL FIBER(JIAXING) CO., LTD. HYOSUNG
DEUTSCHLAND GMBH HYOSUNG EUROPE
SRL HYOSUNG (H.K)
LIMITED HYOSUNG
INTERNATIONAL TRADE (JIAXING) CO., LTD. HYOSUNG
ISTANBUL TEKSTIL LTD.STI HYOSUNG JAPAN
CO, LTD. HYOSUNG
LUXEMBOURG S.A HYOSUNG POWER
HOLDINGS LTD. HYOSUNG
RESOURCES (AUSTRALIA) PTY LTD. HYOSUNG
SINGAPORE PTE LTD. HYOSUNG
SPANDEX (GUANGDONG) CO., LTD. HYOSUNG
SPANDEX (JIAXING) CO., LTD. HYOSUNG
SPANDEX (ZHUHAI) CO., LTD. HYOSUNG
STEELCORD (NANJING) CO., LTD. HYOSUNG
STEELCORD (QINGDAO) CO., LTD. HYOSUNG
VIETNAM CO., LTD. HYOSUNG USA
INC. LANKA
SYNTHETIC FIBRE CO., LTD. NANTONG
HYOSUNG TRANSFORMER CO., LTD. NAUTILUS
HYOSUNG AMERICA INC. OPCO GMBH THAI HYOSUNG
CO., LTD. XEPIX CORP. ZHANGJIAGANG
XIAOSHA COIL SERVICE CO., LTD. HYOSUNG
HOLDINGS USA, INC. |
|
Overseas
Office |
BEIJING OFFICE ROOM 2208,
22/F, SCITE TOWER #22 JIANGUOMENWAI STREET, BEIJING, CHINA POST CODE: 100004 TEL:+86-10-6512-9692
FAX:+86-10-6512-0031 SHANGHAI
OFFICE 1115 SHANGHAI INTERNATIONAL
TRADING CENTRE NO.2200 YAN AN XI ROAD SHANGHAI 200336, P.R.C TEL:+86-21-6209-0123
FAX:+86-21-6209-3008 CHONGQUING
OFFICE ROOM NO. 1109,
METROPOLITAN TOWER, NO.68 ZOURONG ROAD, YUZHONG DISTRICT, CHONGQING, CHINA TEL:+86-23-6370-3342
FAX:+86-23-6388-0827 MANILA OFFICE 7TH FLOOR,
UNIT NO 714, TOWER ONE, AYALA TRIANGLE, AYALA AVENUE, MAKATI CITY, METRO
MANILA, PHILIPPINES TEL:+632-848-6204
FAX:+632-848-6208 QINGDAO OFFICE ROOM NO.911,
HOLIDAY INN. QINGDAO NO.76, XIANGGANG ZHONG LU, QINGDAO, CHINA POST CODE:
266071 TEL:+86-532-575-8071
FAX:+86-532-576-9395 GUANGZHOU
OFFICE ROOM NO.
1212-1213, GUANGZHOU WORLD TRADE CENTER COMPLEX 371-375 HUANSHI DONG ROAD
GUANGZHOU, CHINA TEL:+86-20-8778-7998
FAX:+86-20-8778-7898 HANOI OFFICE 27 LY THAI TO
ST, ROOM 102 HANOI, VIETNAM TEL:+84-4-8260866
FAX:+84-4-8260888 HOCHIMINH
OFFICE 65 NGUYEN DU
STREET. 4TH FLOOR 4B1 DISTRICT 1, HOCHIMINH CITY, VIETNAM TEL:+848-8251617
FAX:+848-8231971 BANGKOK OFFICE ROOM NO. 1404,
14TH FLOOR ONE PACIFIC PLACE 142 SUKHUMVIT ROAD, BANGKOK 1011, THAILAND TEL:+66-2-653-2031
FAX:+66-2-653-2030 ISTANBUL
OFFICE MECIDIYEKOY IS
MERKEZI SEHIT AHMET SOK NO. 4 KAT 7, DAIRE 90-91, PK 80310 ISTANBUL, TURKEY TEL:+90-212-274-4568
FAX:+90-212-272-0627 MILANO OFFICE
(2ND PIANO) C.D.
MILANOFIORI STRADA 1-PALAZZO E3, 20090. ASSAGO(MI), ITALY TEL:+39-02-575-10505
FAX:+39-02-57700331 |
|
Subsidiary |
HYOSUNG EBARA
CO., LTD. 6TH FL.,
HYOSUNG BLDG., 450, KONGDUK 2-DONG, MAPO-KU, SEOUL 121-720 KOREA 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. HYOSUNG BLDG.,
21-1, SEOSOMUN-DONG, JUNG-KU, SEOUL 100-813 KOREA 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. 8F CHEONGDAM
BLDG. 52, CHEONGDAM 1-DONG, GANGNAM-KU, SEOUL 135-764 KOREA 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 450, KONGDUK
2-DONG, MAPO-KU, SEOUL 121-720 KOREA TEL:+82-2-707-7000 INDUSTRY: OTHER RENTING OF REAL ESTATE *HYSUNG HAS
58.8% SHARES OF HYOSUNG INVESTMENT & DEVELOPMENT CORPORATION. HYOSUNG
INNOTECH INC. 7FL., BANGBAE
BLDG., 1006-2, BANGBAE 3-DONG, SEOCHO-KU, SEOUL 137-850 KOREA 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. |
|
Subsidiary |
HYOSUNG
ENGINEERING & CONSTRUCTION CO., LTD. 3 FL., BANGBAE
BLDG., 1006-2, BANGBAE 3-DONG, SEOCHO-KU, SEOUL 137-850 KOREA 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. 183,
HOGYE-DONG, DONGAN-KU, ANYANG-SI, GYEONGGI-DO 431-080 KOREA 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. 12TH FL.,
PACIFIC TOWER, 942-1, DAECHI 3-DONG, GANGNAM-KU, SEOUL 135-845 KOREA 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. #1006 GAYANG TECHNO
TOWN 1487 GAYANG-DONG GANGSEO-KU SEOUL157-793 KOREA 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. BEIJING
HYOSUNG COMPUTER TECHNOLOGIES.CO. #202,
LIZEZHONGYUAN, WANG ZING, CHAOO YANG DIST. BEIJING, POST 100102, CHINA 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 #26 YONG CHANG
NORTH ST. BDA BEIJING 100176 P.R. CHINA TEL:+86-10-6788-2486
FAX:+86-10-6788-2371 *HYOSUNG HAS
100% SHARES OF BEIJING HYOSUNG CONTAINER CO.,LTD HICO AMERICA
SALES *HYOSUNG HAS
100% SHARES OF HICO AMERICA SALES HYOSUNG
AMERICA INC. L.A. BRANCH
910 COLUMBIA ST, BREA, CA 92821, USA 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 TRIFORUM HAUS
A, FRANKFURTER STR. 223, 63263 NEU-ISENBURG, GERMANY TEL:+49-6102-74120
FAX:+49-6102-7412-90 *HYOSUNG HAS
100% SHARES OF HYOSUNG DEUTSCHLAND GMBH |
|
Corporate
Ownership |
HYOSUNG H.K
LTD ROOM 2504,
25/F., NO.9 QUEEN'S ROAD CENTRAL, HONG KONG TEL:+852-2845-6778
FAX:+852-2845-5747 *HYOSUNG HAS
100% SHARES OF HYOSUNG H.K LTD HYOSUNG JAPAN
CO, LTD SVAX TT BLDG 6F,
11-15, 3-CHOME, TORANOMON MINATO-KU, TOKYO, JAPAN 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. 250, NORTH
BRIDGE ROAD #16-03, RAFFLES CITY TOWER SINGAPORE 179101 TEL:+656-337-2079
FAX:+656-339-4504 *HYOSUNG HAS
100% SHARES OF HYOSUNG SINGAPORE PTE LTD. HYOSUNG
SPANDEX (GUANGDONG)CO., LTD *HYOSUNG HAS
100% SHARES OF HYOSUNG SPANDEX (GUANGDONG)CO., LTD HYOSUNG
SPANDEX (JIAXING) CO., LTD BEIHIALU
JIAXING ECONOMIC DEVELOPMENT ZONE ZHEGIANG, CHINA TEL:+86-573-222-6200
FAX:+86-573-222-6209 *HYOSUNG HAS
100% SHARES OF HYOSUNG SPANDEX (JIAXING) CO., LTD HYOSUNG
STEELCORD (QINGDAO) CO.,LTD *HYOSUNG HAS
100% SHARES OF HYOSUNG STEELCORD (QINGDAO) CO.,LTD |
|
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 EUROPE
SRL *HYOSUNG 100%
SHARES OF HYOSUNG EUROPE SRL |
|
Cooperative |
-Insured
Company SAMSUNG FIRE & MARINE INSURANCE CO.,
LTD(110111-0005078) |
Sales by Region
(Activity &
Markets)
|
Sales/ Unit :Mil KRW |
09/2010 |
2009 |
2008 |
|
Export |
4,611,703 |
5,248,382 |
5,081,793 |
|
Domestic |
1,409,927 |
1,791,349 |
1,843,932 |
|
Total |
6,021,630 |
7,039,731 |
6,925,725 |
The Subject deals with the companies in Asia, Africa and
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
Seoul Central District Court |
The Subject Company |
Saengbo Real Estate Trust |
Claim for Damages |
632 |
2nd Round Proceeding |
|
|
Seoul Seobu District Court |
The Subject Company |
|
Claim for Receivables-Construction |
1,631 |
1st Round Proceeding |
|
|
Changwon
District Court-Tongyoung Branch |
The Subject Company |
|
Claim for Receivables-Construction |
2,691 |
1st Round Proceeding |
|
|
Supreme Court |
The Subject Company |
Fair Trade
Commission |
Related the
imposed Penalty |
9,787 |
3rd Round Proceeding |
|
|
Seoul Central District Court |
The Subject Company |
Seoul Guarantee Insurance
Company(110111-0099774) |
Claim for
Guarantee Amount |
1,878 |
1st Round Proceeding |
|
|
Seoul Seobu District Court |
The Subject Company |
eco energy Co., Ltd.(110111-2770299) |
Claim for
Profits |
1,940 |
1st Round Proceeding |
|
|
Seoul Central District Court |
|
The Subject Company |
Claim for Damages |
6,840 |
The Subject won at 1st Round |
|
|
Busan High
Court |
Kim Won-Joo
& Others(3) |
The Subject Company |
Claim for
Salary |
86 |
2nd Round Proceeding |
|
|
Seoul Seobu District Court |
Kim
Hyung-Seok |
The Subject Company |
Claim for Damages |
32 |
1st Round Proceeding |
|
|
Seoul Seobu District Court |
HANJUNSTEEL CO., LTD.(110111-1099509) |
The Subject Company |
Not Existing
Liabilities |
1,870 |
1st Round Proceeding |
|
|
|
Hanbaik
Steel Co., Ltd. |
The Subject Company |
Claim for
Loan |
63 |
2nd Round Proceeding |
|
|
Seoul Central District Court |
Kim
Sang-Myung & Others(16) |
The Subject Company |
Claim for
Receivables |
62 |
1st Round Proceeding |
|
|
Seoul Seobu District Court |
Lee Jong-Nam |
The Subject Company |
Claim for
Receivables |
308 |
1st Round Proceeding |
|
|
Seoul Seobu District Court |
Koen
Construction Co., Ltd. |
The Subject Company |
Not Existing
Liabilities |
1,012 |
1st Round Proceeding |
News Clipping
-----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 45.61 |
|
|
1 |
Rs.75.32 |
|
Euro |
1 |
Rs.65.68 |
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.