MIRA
INFORM REPORT
|
Report Date : |
28.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
HYOSUNG CORPORATION |
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Registered Office : |
Hyoseong Bldg. 450, Gongdeok 2-dong, Mapo-gu, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
11.03.1966 |
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Com. Reg. No.: |
105-81-59519 |
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Legal Form : |
Listed Company |
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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 |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
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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 |
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E-mail |
|
|
Website |
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|
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 |
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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 |
|
Fax |
|
|
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 |
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Fax |
|
|
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 |
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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 |
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Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
175,587,275,000 |
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Employees |
7,301 |
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Formation |
Listed Company ( A Company of Hyosung Business Group |
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Bank Details |
Woori Bank-Headquarters Hana Bank Korea Development Bank |
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Corporate Registered No. |
110111-0030497 |
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Business Registered No. |
105-81-59519 |
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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 |
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Shareholder Position |
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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 |
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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. |
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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 |
|
Customers |
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 HYOSUNG (H.K) LIMITED HYOSUNG INTERNATIONAL TRADE (JIAXING) CO.,
LTD. HYOSUNG HYOSUNG JAPAN CO, LTD. HYOSUNG HYOSUNG POWER HOLDINGS LTD. HYOSUNG RESOURCES ( HYOSUNG SINGAPORE PTE LTD. HYOSUNG SPANDEX ( HYOSUNG SPANDEX (JIAXING) CO., LTD. HYOSUNG SPANDEX (ZHUHAI) CO., LTD. HYOSUNG STEELCORD ( HYOSUNG STEELCORD ( 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 |
ROOM 2208, 22/F, TEL:+86-10-6512-9692 FAX:+86-10-6512-0031 SHANGHAI OFFICE 1115 TEL:+86-21-6209-0123 FAX:+86-21-6209-3008 CHONGQUING OFFICE ROOM NO. 1109, TEL:+86-23-6370-3342 FAX:+86-23-6388-0827 MANILA OFFICE 7TH FLOOR, UNIT NO 714, TOWER ONE, AYALA
TRIANGLE, TEL:+632-848-6204 FAX:+632-848-6208 ROOM NO.911, HOLIDAY INN. TEL:+86-532-575-8071 FAX:+86-532-576-9395 ROOM NO. 1212-1213, TEL:+86-20-8778-7998 FAX:+86-20-8778-7898 27 LY THAI TO ST, ROOM 102 TEL:+84-4-8260866 FAX:+84-4-8260888 HOCHIMINH OFFICE TEL:+848-8251617 FAX:+848-8231971 ROOM NO. 1404, 14TH FLOOR TEL:+66-2-653-2031 FAX:+66-2-653-2030 MECIDIYEKOY IS MERKEZI SEHIT AHMET SOK NO.
4 KAT 7, DAIRE 90-91, PK 80310 TEL:+90-212-274-4568 FAX:+90-212-272-0627 MILANO OFFICE (2ND PIANO) C.D. MILANOFIORI STRADA 1-PALAZZO E3,
20090. ASSAGO(MI), TEL:+39-02-575-10505 FAX:+39-02-57700331 |
|
Subsidiary |
HYOSUNG EBARA CO., LTD. 6TH FL., HYOSUNG BLDG., 450, KONGDUK
2-DONG, MAPO-KU, 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, 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, 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, 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, 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, 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 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., 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 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. #202, LIZEZHONGYUAN, WANG ZING, CHAOO YANG
DIST. BEIJING, POST 100102, TEL:+86-10-6439-2551 FAX:+86-10-6439-2596 *HYOSUNG HAS 95% SHARES OF BEIJING HYOSUNG CONTAINER CO.,LTD TEL:+86-10-6788-2486 FAX:+86-10-6788-2371 *HYOSUNG HAS 100% SHARES OF BEIJING HYOSUNG
CONTAINER CO.,LTD HICO *HYOSUNG HAS 100% SHARES OF HICO HYOSUNG AMERICA INC. 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 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, 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, 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, TEL:+656-337-2079 FAX:+656-339-4504 *HYOSUNG HAS 100% SHARES OF HYOSUNG
SINGAPORE PTE LTD. HYOSUNG SPANDEX ( *HYOSUNG HAS 100% SHARES OF HYOSUNG SPANDEX
( HYOSUNG SPANDEX (JIAXING) CO., LTD BEIHIALU JIAXING ECONOMIC DEVELOPMENT ZONE TEL:+86-573-222-6200 FAX:+86-573-222-6209 *HYOSUNG HAS 100% SHARES OF HYOSUNG SPANDEX
(JIAXING) CO., LTD HYOSUNG STEELCORD ( *HYOSUNG HAS 100% SHARES OF HYOSUNG
STEELCORD ( |
|
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 *HYOSUNG 100% SHARES OF HYOSUNG |
|
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. 45.21 |
|
|
1 |
Rs.74.31 |
|
Euro |
1 |
Rs.64.40 |
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.