MIRA INFORM REPORT
|
Report Date : |
14.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
HYUNDAI OILBANK CO., LTD. |
|
|
|
|
Formerly Known As : |
Kukdong Shell
Petroleum Co., Ltd. |
|
|
|
|
Registered Office : |
640-6, Daejuk-ri, Daesan-eup, Seosan-si, Chungcheongnam-do, Korea, Zip Code 356-874 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
19.11.1964 |
|
|
|
|
Com. Reg. No.: |
310-81-20275 |
|
|
|
|
Legal Form : |
Co., Ltd by shares |
|
|
|
|
Line of Business : |
Petroleum Refineries |
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 : |
Satisfactory |
|
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 |
HYUNDAI OILBANK CO., LTD. (Korean Company Name : “현대오일뱅크(주)”) |
|
Registered Address |
640-6, Daejuk-ri, Daesan-eup, Seosan-si,
Chungcheongnam-do, Korea |
|
Zip Code |
356-874 |
|
Tel |
+82-41-660-5114 |
|
Fax |
+82-41-660-5111 |
|
E-mail |
fromdarkside@oilbank.co.kr;curi@oilbank.co.kr |
|
Website |
www.oilbank.co.kr |
|
Trading Address |
20th floor, Yonsei Bldg, 84-11
Namdaemunro-5Ga, Jung-Gu, Seoul, Korea |
|
Tel |
+82-2-2004-3000 +82-1588-5189 |
|
Fax |
+82-2-2004-3333 +82-2-779-5726 |
|
Other Address-Daesan Plant |
640-6
Daejuk-ri, Daesan-eup, Seosan-si, Chungcheongnam-do, Korea |
|
Tel |
+82-41-660-5114 |
|
Fax |
+82-41-660-5111 |
|
Other Address-Kangnam Regional Headquarter (Retail Sales Department) |
4/F Daeyun
Bldg, 170, Samseong-dong, Gangnam-gu, Seoul 135-090 Korea |
|
Tel |
+82-2-3454-0486 |
|
Fax |
+82-2-565-1840 |
|
Other Address-Kangbuk Regional Headquarter (Retail Sales Department) |
2/F
Changdong Oil Station, 715-14 Chang-dong, Dobong-gu, Seoul 132-926 Korea |
|
Tel |
+82-2-3499-5501~16 |
|
Fax |
+82-2-3499-5555~56 |
|
Other Address-Kyonggi Regional Headquarter (Retail Sales Department) |
2/F Sinan
Oil Station 156-2 Bakdal-dong, Manan-gu, Anyang-si, Gyeonggi-do 430-030 Korea |
|
Tel |
+82-31-445-5189 |
|
Fax |
+82-31-442-1123 |
|
Other Address-Kangwon Regional Headquarter(Wonju) (Retail Sales Department) |
5/F Hangwang
Bldg, 96-4, Usan-dong, Wonju-si, Gangwon-do 220-952 Korea |
|
Tel |
+82-33-733-5151 |
|
Fax |
+82-33-744-4584 |
|
Other Address-Daejon Regional Headquarter (Daejeon) (Retail Sales Department) |
937,
Dunsan-dong, Seo-gu, Daejeon 302-120 Korea |
|
Tel |
+82-42-480-2248 |
|
Fax |
+842-42-480-2277 |
|
Other Address-Kyongbuk Regional
Headquarter(Cheongju) (Retail Sales Department) |
2/F Mokryun Oil Station 710-16 Sajik-dong
Heungdeok-gu Cheongju-si Chungbuk-do 361-100 Korea |
|
Tel |
+82-43-276-4367 |
|
Fax |
+82-43-276-7884 |
|
Other Address-Chungnam Regional
Headquarter(Hongseong) (Retail Sales Department) |
527, Daegyo-ri, Hongseong-eup,
Hongseong-gun, Chungnam-do 350-800 Korea |
|
Tel |
+82-41-634-5162 |
|
Fax |
+82-41-634-5165 |
|
Other Address-Jeonnam Regional Headquarter (Retail Sales Department) |
887-1,
Chipyeong-dong, Seo-gu, Gwangju 502-827 Korea |
|
Tel |
+82-62-602-5175 |
|
Fax |
+82-62-602-5157 |
|
Other Address-Jeonbuk Regional Headquarter (Retail Sales Department) |
14/F Korea
Teacher's Pension Bldg 1573-2 Inhu-dong 2-ga Deokjin-gu Jeonju-si Jeonbuk-do
561-834 Korea |
|
Tel |
+82-63-242-5151 |
|
Fax |
+82-63-242-5189 |
|
Other Address-Busan Regional Headquarter (Retail Sales Department) |
891-2, Geoje
2-dong, Yeoje-gu, Busan 611-072 Korea |
|
Tel |
+82-51-590-5151 |
|
Fax |
+82-51-590-5198 |
|
Type |
Export/Import |
|
Industry |
Petroleum Refineries |
|
Main
Business |
Gasoline, Light Oil, Kerosene, Liquefied Petroleum Gas(LPG),Aircraft
Oil, Oil Station Operation Services |
|
Sub
Business |
Oil Stations |
|
Established (mm/dd/yyyy) |
11/19/1964 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Kerosene(15101502) |
|
Sell |
Diesel fuel(15101505) |
|
Sell |
Fuel oil(15101700) |
|
Sell |
Aromatic or heterocyclic compounds(12352005) |
|
Sell |
Liquified petroleum gas(15111510) |
|
Sell |
Gasoline or Petrol(15101506) |
|
Sell |
Aviation fuel(15101504) |
|
Sell |
Gasoline or Petrol(15101506) |
|
Sell |
Sulphur(11101505) |
|
Sell |
Crude oil(15101508) |
|
Sell |
Petroleum and distillates(15101500) |
|
Sell |
Naphtha(15101503) |
CEO’s
|
Name |
Kwon Oh-Gap |
|
Date of Birth |
02/10/1951 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
1,225,412,110,000 |
||||||||||||
|
Employees |
1,798 |
||||||||||||
|
Formation |
Co., Ltd by shares A Company of HYUNDAI HEAVY INDUSTRIES GROUP Foreign Direct Investment Corporation by Netherlands & UAE |
||||||||||||
|
Bank Details |
Woori Bank Korea Exchange Bank Korea Development Bank |
||||||||||||
|
Corporate Registered No. |
110111-0090558 |
||||||||||||
|
Business Registered No. |
310-81-20275 |
||||||||||||
|
Permit & Licenses |
12-1999 Certificated its safety and health management system
(KOSHA2000), the first of its kind in the industry 08-1993 Gained approval on changing the facility with a daily capacity
of treating 200,000-barrel crude oil to a refining facility 07-1989 Gained approval on adding daily capacity of treating 100,000
barrels of crude oil 07-1988 Gained approval on facilities for refining lubricant oil 07-1982 Gained approval on Hydro cracking unit 01-1981 Gained approval on expanding a capacity of 60,000 barrels
daily in treating crude oil 11-1964 Gained approval on the oil refining business Premium Gasoline: The only racing-car
gasoline certified by the Korean motor Championship |
||||||||||||
|
Shareholder Position |
|
||||||||||||
|
Company History |
02/2010 Transferred BTX Assets to HC PETROCHEM
CO., LTD.(161411-0022364) 09/2007 Topped the Korea Service Quality
Index (KS-SQI) in the gas station sector 09/2007 Completed the construction of 104
company dwellings for employees at the Headquarters in Daesan 07/2007 Executed an MOU with CEPSA, a
Spanish oil refining corporation, for the construction of aromatic product
manufacturing facilities 06/2007 Published the Sustainable
Operation Report in 2007 06/2007 Awarded the Grand Prize for
Economic Leadership in Korea in 2007 (Ethnical Operation Sector) 06/2007 Awarded Credit Rating A2+ for
commercial paper 05/2007 Awarded the Grand Prize as the
first Global Human Resource Operation Business 03/2007 Commenced operation of an oil
reservoir with a capacity of 52,000 barrels in Jeju 03/2007 Announced the ‘Run To U’ Vision
2012 01/2007 Awarded Grade A for its Autonomous
Compliance Program for Fair Trade 12/2006 Signed a voluntary agreement, the
Improvement of the Atmospheric Environment 5-18 10/2006 Rated as the top provider of the
best gas station services in the National Customer Satisfaction Index (NCSI)
according to the 2006 survey conducted by the Korea Productivity Center 05/2006 Agreed on an MOU for the
construction of 600,000 tons of paraxylene and 300,000 tons of benzene with
Spain’s CEPSA 03/2006 Designated as the Top Ethically
Operated Business among Manufacturing Industries in the Private Sector by the
Ministry of Commerce, Industry and Energy 03/2006 Completed construction of the
Gymnasium at the Headquarters in Daesan 12/2005 Awarded the Grand Prize for
Ethical Business Operation in Korea (Ethical Operation) 11/2005 Completed Clean Fuel Project for
higher quality products 07/2005 Achieved the highest rating in
industry on the Sustainable Operation Index 03/2005 Awarded the Grand Prize for
Marketing Activities in Korea (Service Marketing) 12/2004 Awarded the Grand Prize for
Providing Opportunities to Disabled People 11/2004 Elected as an Excellent Business
for New Labor-Management Culture (Ministry of Labor) 11/2004 Awarded the Grand Prize for
Customer Satisfaction Management 11/2004 Awarded the Golden Prize in the
Advertisement Competition sponsored by the Maeil Daily Economic Newspaper |
||||||||||||
|
Company History |
12/1999 Succeeded in attracting investment
from IPIC worth KRW 510 million 09/1999 Acquired Hanwha Energy and merged
with the Hanwha Energy Plaza 05/1998 Completed construction of a BTX
plant with an annual capacity of 400,000 tons 12/1997 Awarded a Medal Commending Export
Achievement Worth One Billion US Dollars 05/1996 Completed construction of oil
refining facilities with a capacity of 200,000 barrels per day at the Daesan
Refinery 01/1996 Mong Hyuk Jung was appointed as
President of the company 06/1994 OILBANK brand developed and
introduced 07/1993 Changed the corporate name to
Hyundai Oil Refinery Co., Ltd. 11/1989 Completed the construction of
Daesan Refinery (Awarded the President’s Commendation) 07/1989 Obtained approval for an
additional refining capacity of 100,000 barrels of crude oil per day 11/1988 Began operation of an atmospheric
distillation facility with a capacity of 60,000 barrels per day 08/1988 Changed the corporate name to
Kukdong Oil Refining Co., Ltd. 08/1978 Completed construction of
facilities with a capacity to refine 10,000 barrels of crude oil per day 05/1977 Changed the corporate name to
Kukdong Oil Co., Ltd. 01/1969 Changed the corporate name to
Kukdong Shell Petroleum Co., Ltd. 09/1968 Executed a joint venture agreement
with Royal-Dutch Shell of the U.K. 12/1965 Completed construction of the
Busan Refinery 11/1964 Established the first private oil
refining company (Kukdong Oil Industrial Company) (currently Hyundai Oilbank
Co., Ltd.). Dec. 1965 Erected the Busan plant |
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Date of Birth |
|
President & CEO |
Mr. |
Kwon Oh-Gap |
Male |
Korean |
1951.02.10 |
|
Director |
Mr. |
Kim Jung-Rae |
Male |
Korean |
1954.03. |
|
Director |
Mr. |
Lee Jung-Dae |
Male |
Korean |
1955.10.27 |
|
Auditor |
Mr. |
Kim Jung-Seok |
Male |
Korean |
1952.02.25 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
4,215,551,754,000 |
7,645,451,591,000 |
203,857,683,000 |
|
|
2010 |
13,327,002,125,000 |
7,180,145,949,000 |
312,028,553,000 |
|
2009 |
10,868,218,787,000 |
5,627,607,143,000 |
226,882,273,000 |
|
2008 |
14,766,964,315,000 |
4,807,117,962,000 |
-254,154,680,000 |
Financial Description
|
Authorized Capital(KRW) |
2,500,000,000,000 |
|
Paid-Up Capital(KRW) |
1,225,412,110,000 |
|
Total Issues Shares |
245,082,422 |
Balance Sheet
|
Unit : Thousand Korean Won |
01/01/2011~03/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
7,645,451,591 |
7,180,145,949 |
5,627,607,143 |
|
Current Assets |
3,235,186,861 |
2,980,369,202 |
2,766,823,545 |
|
-Quick Assets |
1,585,833,823 |
1,372,842,666 |
1,451,014,593 |
|
-Inventories |
1,649,353,038 |
1,607,526,536 |
1,315,808,952 |
|
Fixed Assets |
4,410,264,730 |
4,199,776,747 |
2,860,783,598 |
|
-Investment |
3,177,789 |
3,526,341 |
15,230,810 |
|
-Tangibles |
4,178,111,691 |
3,961,171,866 |
2,445,685,175 |
|
-Intangibles |
67,693,586 |
69,432,275 |
144,935,671 |
|
-Others |
161,281,664 |
165,646,265 |
254,931,942 |
|
Total Liabilities |
5,106,238,509 |
4,844,436,364 |
3,960,995,872 |
|
Current Liabilities |
3,314,590,241 |
3,059,556,687 |
2,417,989,621 |
|
Fixed Liabilities |
1,791,648,268 |
1,784,879,677 |
1,543,006,251 |
|
Capital Stock |
1,225,412,110 |
1,225,412,110 |
1,225,412,110 |
|
Capital Surplus |
487,106,617 |
487,460,803 |
60,105,326 |
|
Profit Surplus |
826,694,355 |
622,836,672 |
381,093,835 |
|
Capital Adjustment |
2,539,213,082 |
2,335,709,585 |
1,666,611,271 |
|
Total Equity |
7,645,451,591 |
7,180,145,949 |
5,627,607,143 |
|
Liab. & Shareholder’s Equity |
7,645,451,591 |
7,180,145,949 |
5,627,607,143 |
|
Current
Liabilities |
3,314,590,241 |
3,059,556,687 |
2,417,989,621 |
|
Trade
Payables |
1,574,725,688 |
1,340,671,343 |
730,578,287 |
|
Short-Term
Borrowings |
- |
- |
4,782,257 |
|
Short-Term
Borrowings-Foreign Currency |
693,483,439 |
677,556,396 |
639,155,017 |
|
Account
Payables |
435,648,973 |
515,580,109 |
686,115,807 |
|
Accrued
Income Tax |
97,849,108 |
114,095,574 |
- |
|
Accrued
Expenses |
13,451,351 |
12,934,568 |
10,816,527 |
|
Advance
Receipts |
25,906,354 |
30,794,506 |
24,654,401 |
|
Withholdings |
3,519,318 |
5,467,371 |
5,496,015 |
|
Unearned
Income |
383,028 |
399,183 |
449,169 |
|
Current
Portion of Debentures |
449,690,833 |
336,560,241 |
299,844,512 |
|
Current Portion of Long-Term Debts |
847,000 |
847,000 |
- |
|
Leasehold
Deposit Guarantee |
11,137,453 |
12,266,903 |
12,548,413 |
|
Current
Portion of Derivatives |
7,059,312 |
9,963,033 |
3,549,216 |
|
Current
Portion of Confirmed Agreement |
888,384 |
2,420,460 |
- |
|
Fixed
Liabilities |
1,791,648,268 |
1,784,879,677 |
1,543,006,251 |
|
Debentures |
648,287,063 |
897,787,836 |
1,037,449,198 |
|
Long-Term Borrowings |
1,042,862,250 |
793,074,000 |
441,235,000 |
|
Long-Term Account Payables |
60,228,199 |
60,006,781 |
36,332,870 |
|
Provision for Severance & Retirement |
109,107,699 |
103,309,377 |
96,501,575 |
|
Non-Current Portion of Derivatives |
1,813,605 |
2,088,469 |
- |
Income Statement
|
Unit : Thousand Korean Won |
01/01/2011~03/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
4,215,551,754 |
13,327,002,125 |
10,868,218,787 |
|
Cost of Sold Goods |
3,916,122,227 |
12,739,825,447 |
10,364,982,957 |
|
Gross Profit |
299,429,527 |
587,176,678 |
503,235,830 |
|
Selling & Admin. Expenses |
86,402,124 |
357,331,313 |
328,517,585 |
|
Operating Income |
213,027,403 |
229,845,365 |
174,718,245 |
|
Non-Operating Income |
103,654,283 |
932,670,936 |
710,782,315 |
|
Non-Operating Expenses |
64,245,074 |
790,339,395 |
659,713,693 |
|
Ordinary Income |
252,436,612 |
372,176,906 |
225,786,867 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
252,436,612 |
372,176,906 |
225,786,867 |
|
Income Taxes Expenses |
48,578,929 |
60,148,353 |
-1,095,406 |
|
Net Income |
203,857,683 |
312,028,553 |
226,882,273 |
Cash Flows
|
Unit : Thousand Korean Won |
01/01/2011~03/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Cash Flows from Operating |
90,031,198 |
396,655,930 |
234,415,088 |
|
-Net Income |
203,857,683 |
312,028,553 |
226,882,273 |
|
-Exp. without Cash Outflow |
80,118,337 |
660,490,707 |
369,497,546 |
|
-Revenue without Cash Inflows |
-48,202,739 |
-611,435,015 |
-357,542,940 |
|
-Changes in Asset/ & Liability |
-145,742,083 |
35,571,685 |
-4,421,791 |
|
Cash Flows from Investing |
-246,539,132 |
-875,490,342 |
-736,834,577 |
|
-Cash Inflow from Investing |
20,097,711 |
714,213,583 |
104,568,591 |
|
-Cash Outflows for Investing |
-266,636,843 |
-1,589,703,925 |
-841,403,168 |
|
Cash Flows from Financing |
137,270,046 |
208,851,654 |
563,843,769 |
|
-Cash Inflows from Financing |
274,149,796 |
729,941,026 |
740,161,512 |
|
-Cash Outflows from Financing |
-136,879,750 |
-521,089,372 |
-176,317,743 |
|
Increase/Decrease in Cash |
-19,237,888 |
-269,982,758 |
61,424,280 |
|
Cash at the Beginning of Year |
143,014,769 |
412,997,527 |
351,573,247 |
|
Cash at the End of Year |
123,776,881 |
143,014,769 |
412,997,527 |
Products, Technologies, Services Description
|
Main Products & Services |
Gasoline, Light Oil, Kerosene, Liquefied
Petroleum Gas(LPG), Aircraft Oil, Oil Station Operation Services |
|
Annual Production Capacity |
CDU (crude distillation unit) 390,000 BPSD VDU (vacuum distillation unit) 34,000 BPSD Naphtha reforming unit 23,000 BPSD Kerosene hydro-treating unit 24,000 BPSD Kerosene and Diesel hydro-treating unit
24,000 BPSD Diesel hydro-treating unit 51,000 BPSD Asphalt cokes (delayed coking unit) 19,000 BPSD Hydrocracking unit 27,000 BPSD Sulfur Recovery Unit 360 TON/day Crude oil storage facilities 5,290,000 BBL Product storage facilities 6,980,000 BBL B T X (Aromatics) facilities 400,000
TON/year |
Trade Partners & Competitors
|
Suppliers |
LG CHEM LTD. 21/F LG TWIN
TOWER EAST, 20, YEOEUIDO-DONG, YEONGDEUNGPO-GU, SEOUL 150-721 KOREA TEL:+82-2-3773-1114 FAX:+82-2-3773-3929 INDUSTRY:
MANUFACTURE OF BASIC ORGANIC PETROCHEMICALS HAN EXPRESS
CO., LTD. 493-9,
HAGIK-DONG, NAM-GU, INCHEON 402-040 KOREA TEL:+82-32-674-3232 FAX:+82-32-674-3231 INDUSTRY:
GENERAL FREIGHT TRUCKING UNIBOSS
CORP. 3/F SEONG-U
BLDG., 116-5, NONHYEON-DONG, GANGNAM-GU, SEOUL 135-010 KOREA TEL:+82-2-511-8844 FAX:+82-2-511-8436 INDUSTRY:
MANUFACTURE OF COMPUTER OUTPUT/INPUT UNITS AND PERIPHERAL EQUIPMENT COSMO CNT
CO., LTD. 2/F SEDO
BLDG 64-3 SANGDAEWON 1-DONG JUNGWON-GU SEONGNAM-SI GYEONGGI-DO 462-807 KOREA TEL:+82-31-735-8011 FAX:+82-31-745-4221 INDUSTRY:
MANUFACTURE OF COMMUNICATION APPARATUSES WITHOUT ANY LINE CONNECTION AND
RADIO OR TELEVISION BROADCASTING APPARATUSES KOC CO.,
LTD. 1/F WONDUCK
BLDG., 681-9, JAKJEON-DONG, GYEYANG-GU, INCHEON 407-060 KOREA TEL:+82-32-505-2588 FAX:+82-32-505-2586 INDUSTRY:
MANUFACTURE OF FILTERING OR PURIFYING MACHINERY FOR LIQUIDS OR OILS LG CHEM LTD(110111-2207995) HONAM PETRO CHEMICAL
CORPORATION(110111-0193196) |
|
Customers |
HYUNDAI PETROCHEMICAL CO., LTD. 679, DAEJUK-RI, DAESAN-EUP, SEOSAN-SI,
CHUNGNAM-DO 356-874 KOREA TEL: 82-2-398-6600 FAX: 82-2-761-6575 INDUSTRY: MANUFACTURE OF BASIC ORGANIC PETROCHEMICALS SAMSUNG GENERAL CHEMICALS CO., LTD. SAN 222-2, DOKGOT-RI, DAESAN-EUP,
SEOSAN-SI, CHUNGNAM-DO 356-874 KOREA TEL: 82-41-660-6213 FAX: 82-41-681-4812 INDUSTRY: MANUFACTURE OF BASIC ORGANIC
PETROCHEMICALS LG-CALTEX OIL CORPORATION LG GANGNAM TOWER, 679, YEOKSAM 1-DONG,
GANGNAM-GU, SEOUL 135-985 KOREA TEL: 82-2-2005-1114 FAX: 82-2-2005-6051 INDUSTRY: PETROLEUM REFINERIES HYUNDAI HEAVY INDUSTRIES CO., LTD.(181211-0000386) |
|
Competitors |
SK INCHEON OIL CO., LTD.(110111-0008197) SK ENERGY CO., LTD.(110111 110111-3710385) GS-CALTEX CORPORATION(110111-0078819) S-OIL CORPORATION (110111-0189955) The Subject’s market share is about 15.1%
in 1Q of 2009. |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
HYUNDAI HEAVY INDUSTRIES CO., LTD. 1, JEONHA 1-DONG, DONG-GU, ULSAN, KOREA TEL:+82-52-202-2114 FAX:+82-52-202-2286 INDUSTRY:BUILDING OF NON-FERROUS METAL
SHIPS AND OTHER SAILING SHIPS HYUNDAI MIPO DOCKYARD CO.,
LTD.(181211-0000526) 1381, BANGUH-DONG, TONG-GU, ULSAN 682-712
KOREA TEL:+82-52-250-3114 FAX:+82-52-250-3059 INDUSTRY: SHIPBUILDING, CONVERSION,
REPAIRING HYUNDAI VENTURE INVESTMENT
CORP.(110111-1399941) 4 FL. HYUNDAI BLDG. 77, MUGYO-DONG,
JUNG-GU, SEOUL 100-775 KOREA TEL:+82-2-728-8990 FAX:+82-2-728-8999 INDUSTRY: INVESTMENT IN VENTURE FIRMS HYUNDAI FUTURES CORPORATION(110111-1367740) 3RD FL. HYUNDAI INVESTMENT TRUST &
SECURITIES BLDG., 23-4 YEOEUIDO-DONG, YEONGDEUNGPO-GU, SEOUL 150-725 KOREA TEL:+82-2-788-7000 FAX:+82-2-788-7040 INDUSTRY: COMMODITY EXCHANGE HYUNDAI SAMHO HEAVY INDUSTRIES CO., LTD.(
205411-0003915) 1700, YONGDANG-RI, SAMHO-MYEON,
YEONGAM-GUN, JEONNAM-DO 526-751 KOREA TEL:+82-61-460-2114 FAX:+82-61-460-3701 INDUSTRY: BUILDING OF STEEL SHIPS HYUNDAI FINANCE CORP.(110111-1238628) HYUNDAI BLDG. EAST 77, MUGYO-DONG, JUNG-GU,
SEOUL 100-170 KOREA TEL:+82-2-728-8800 FAX:+82-2-728-8887 INDUSTRY: OTHER CREDIT GRANTING N.E.C. |
|
Affiliates |
MIPO ENGINEERING CO., LTD.(230111-0108075) 4TH FL., GISEONG BLDG., 1304-10, DAL-DONG,
NAM-GU, ULSAN, KOREA TEL:+82-52-261-7101 FAX:+82-52-261-8796 ULSAN HYUNDAI FOOTBALL CLUB
CO.,LTD.(230111-0141413) 137-1, SEOBU-DONG, DONG-GU, ULSAN, KOREA TEL:+82-52-202-6141~4 FAX:+82-52-202-6145 WARTSILA-HYUNDAI ENGINE COMPANY
LTD(205414-0004701) 5B, DAEBUL INDUSTRIAL COMPLEX, 611-2,
NABUL-RI, SAMHO-EUP, YEONGAM-GUN, JEOLLANAM-DO, KOREA TEL:+82-61-983-1107 FAX:+82-61-983-1110 HYMS CO., LTD.(230111-0143443) RM. 208, MAEGOK INDUSTRIAL COMPLEX, 342-2,
MAEGOK-DONG, BUK-GU, ULSAN, KOREA TEL:+82-52-203-9073 FAX:+82-52-203-9092 KOMAS CORPORATION(230111-0146231) 686, BANGEO-DONG, DONG-GU, ULSAN, KOREA TEL:+82-52-202-1458 FAX:+82-52-202-1424 HI INVESTMENT & SECURITIES
CO.,LTD.(180111-0093095) 153-10, ONCHEON 1-DONG, DONGNAE-GU, BUSAN,
KOREA TEL:+82-51-554-5111 FAX:+82-51-554-5222 HI ASSET MANAGEMENT CO.,
LTD.(110111-165498) 25, YEOUIDO-DONG, YEONGDEUNGPO-GU, SEOUL,
KOREA TEL:+82-2-727-2734 FAX:+82-2-727-2897 HYUNDAI CORPORATION(110111-0205850) 11TH FI., HYUNDAI BLDG., 140-2, GYE-DONG,
JONGNO-GU, SEOUL, KOREA TEL:+82-2-390-1114 FAX:+82-2-390-1101 HYUNDAI OILBANK CO., LTD.(110111-0090558) 640-6. DAEJUK-RI, DAESAN-EUP, SEOSAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-660-5114 FAX:+82-41-660-5111 |
|
Affiliates |
HOTEL HYUNDAI GYEONGPODAE CO., LTD.(141111-0031183) 274-1, GANGMUN-DONG, GANGNEUNG-SI,
GANGWON-DO, KOREA TEL:+82-33-651-2233 FAX:+82-33-644-2203 HOTEL HYUNDAI CO., LTD.(134511-0045797) 477-2, SINPYEONG-DONG, GYEONGJU-SI,
GYEONGSANGBUK-DO, KOREA TEL:+82-54-748-2233 FAX:+82-54-748-8234 TAEBAEK WIND POWER CO., LTD.(144811-0007492) 524-153, HASAMI-DONG, TAEBAEK-SI, GANGWON-DO, KOREA TEL:+82-2-746-8402 FAX:+82-2-746-7675 MUJU WIND POWER CO., LTD.(210111-0070434) CHANGJUK WIND PIWER CO., LTD.(144811-0008101) HYUNDAI RESOURCES DEVELOPMENT CO., LTD.(110111-4573807) |
|
Affiliates-Overseas |
HYUNDAI TECHNOLOGIES CENTER HUNGARY KFT HYUNDAI HEAVY INDUSTRIES CO. BULGARIA HYUNDAI HEAVY INDUSTRIES EUROPE N.V. HYUNDAI CONSTRUCTION EQUIPMENT U.S.A., INC. VLADIVOSTOK BUSINESS CENTER CO., LTD. WEI HYUNDAI WIND POWER TECHNOLOGY CO.,
LTD.(CHINA) HYUNDAI(SHANDONG) HEAVY INDUSTRIES
MACHINERY CO., LTD.(CHINA) HYUNDAI ELECTRIC SYSTEMS ALABAMA, INC. HYUNDAI HEAVY INDUSTRIES(SHANGHAI) CO.,
LTD.(CHINA) |
|
Overseas Office |
HYUNDAI OIL SINGAPORE PTE LTD. 9 RAFFLES PLACE # 11-03 REPUBLIC PLAZA
SINGAPORE 048619 TEL :+65-332-1400 FAX :+65-332-1424 |
|
Joint Venture |
* INVESTED WITH SK CORPORATION AND
LG-CALTEX OIL CORPORATION OIL CHAIN CORPORATION 13/F DAEWOO SECURITIES BLDG, 34-3, YEOEUIDO-DONG,
YEONGDEUNGPO-GU, SEOUL 150-716 KOREA TEL:+82-2-768-3700 FAX:+82-2-768-3699 INDUSTRY: ELECTRONIC COMMERCE VIA INTERNET * INVESTED WITH LG-CALTEX OIL CORPORATION NEXTATION CO., LTD. 4F SEOCHO SUNGMO BLDG. 1443-13 SEOCHO-DONG
SEOCHO-GU SEOUL 137-070 KOREA TEL:+82-2-3474-5500 FAX:+82-2-3474-0808 INDUSTRY: ELECTRONIC COMMERCE VIA INTERNET HC PETROCHEM CO., LTD.(161411-0022364) (50.0% held by the subject company) |
|
Subsidiary |
HDO(S) PTE LTD (100.0% held by the subject company) |
|
Corporate Ownership |
HYUNDAI HEAVY INDUSTRIES CO., LTD.(181211-0000386) |
|
Major Shareholders |
HYUNDAI HEAVY INDUSTRIES CO., LTD.(181211-0000386) |
Sales by Region
(Activity & Markets)
|
Sales/ Unit :Mil KRW |
03/2011 |
2010 |
2009 |
|
Export |
1,595,963 |
5,392,953 |
5,238,054 |
|
Domestic |
2,612,292 |
7,908,525 |
5,620,639 |
|
Total |
4,208,255 |
13,301,478 |
10,858,692 |
The Subject deals with the companies in Middle Eastern Countries
including Ira and Kuwait.
Court Action
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
Supreme Court |
The Subject Company |
Fair Trade Commission |
Cancelation on imposing Penalty |
18,397,000,000 |
The Court admitted that the imposed penalty was excessive. As of 01/2009, Fair Trade Commission imposed 18,400,000,000KRW again. |
|
|
Seoul High Court |
The Subject Company |
Fair Trade Commission |
Cancelation on imposing Penalty |
9,311,000,000 |
2nd Round is proceeding |
|
|
Supreme Court |
Ministry of Defense, Korea |
The Subject & Others(4) |
Claim for Damage |
158,420,000,000 |
3rd Round is proceeding. |
|
|
Supreme Court |
The Subject |
Seosan Tax Office |
Cancelation on imposing Penalty |
9,563,105,336 |
3rd Round is proceeding. |
|
|
Supreme Court |
The Subject |
Seosan Tax Office |
Cancelation on imposing Penalty |
1,001,320,036 |
3rd Round is proceeding |
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.87 |
|
UK Pound |
1 |
Rs.72.83 |
|
Euro |
1 |
Rs.64.37 |
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.