MIRA INFORM REPORT
|
Report Date : |
31.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
HYUNDAI CORPORATION |
|
|
|
|
Registered Office : |
140-2, Gye-dong, Jongno-gu, Seoul, Korea, 11th FI., Hyundai Bldg., Zip Code 110-793 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
08.12.1976 |
|
|
|
|
Com. Reg. No.: |
101-81-16269 |
|
|
|
|
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 : |
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 CORPORATION (Korean Company Name : “현대종합상사(주)”) |
|
Registered Address |
140-2, Gye-dong, Jongno-gu, Seoul, Korea |
|
Building |
11th FI., Hyundai Bldg. |
|
Zip Code |
110-793 |
|
Tel |
+82-2-390-1114 |
|
Fax |
+82-2-390-1101 |
|
E-mail |
|
|
Website |
www.hyundaicorp.co.kr |
|
Trading Address |
11th FI., Hyundai Bldg., 140-2, Gye-dong,
Jongno-gu, Seoul, Korea |
|
Tel |
+82-2-390-1114 |
|
Fax |
+82-2-390-1101 |
|
Type |
Export/Import |
|
Industry |
Wholesale of Non-Specialized Goods |
|
Main Business |
Steel Products, Automobiles, Industrial Machinery, Plants, Ships,
Electronic Products, Petrochemicals, Internet Solutions |
|
Sub
Business |
Resources Development |
|
Established (mm/dd/yyyy) |
12/08/1976 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Commercial marine craft(25111500) |
|
Sell |
Industrial process machinery and equipment and supplies(23150000) |
|
Sell |
Steel(11101704) |
|
Sell |
International trade(93171600) |
|
Sell |
Oil and gas exploration services(71110000) |
|
Sell |
Information Technology Broadcasting and Telecommunications(43000000) |
|
Sell |
Chemicals including Bio Chemicals and Gas Materials(12000000) |
CEO’s
|
Name |
Kim Young Nam |
|
Address |
- |
|
Date of Birth |
06/25/1945 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
111,649,010,000 |
||||||||||||||||||||||||||||||
|
Employees |
316 |
||||||||||||||||||||||||||||||
|
Formation |
Listed Company(Korea Stock Exchange :
011760 ) as of 12/01/1977 A Company of HYUNDAI HEAVY INDUSTRIES GROUP |
||||||||||||||||||||||||||||||
|
Bank Details |
Korea Exchange Bank-Kei-Dong Branch |
||||||||||||||||||||||||||||||
|
Corporate Registered No. |
110111-0205850 |
||||||||||||||||||||||||||||||
|
Business Registered No. |
101-81-16269 |
||||||||||||||||||||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 770237 |
||||||||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||||||||
|
Company History |
12/08/1976
Incorporated as Hyundai Corporation 12/1977 Awarded
US$300 million Export Tower on the 14th anniversary of Export Day 02/1978
Designated as a general trading company 12/1980 Awarded
US$ 1 billion Export Tower on the 17th anniversary of Export Day 11/1983 Awarded
US$ 3 billion Export Tower in the 20th anniversary of Export Day 11/1991 Awarded
US$ 7 billion Export Tower on Trade Day, 1991 11/1995 Awarded
US$ 10 billion Export Tower on Trade Day, 1995 03/1996
Introduced Korea's first outside director system 11/1998 Awarded
US$ 15 billion Export Tower on Trade Day, 1998 11/2000 Awarded
US$ 25 billion Export Tower on Trade Day, 2000 08/2003 Separated
from HYUNDAI GROUP 06/2005
Officially launched Qingdao Hyundai Shipbuilding 12/26/2006 Agreed
to prolong the periods of for Normalizing Management with the creditors 12/31/2008 Agreed
to prolong the periods to 12/31/2009 of for Normalizing Management with the
creditors 10/14/2009
Hyundai Heavy Industries Co., Ltd’s Consortium has been designated as
Preferred Negotiation Partner for selling its 11,164,902 shares held by the
Financial Institutes Creditors 02/01/2010 Joined
as an affiliated company of HYUNDAI HEAVY INDUSTRIES CO.,
LTD.(181211-0000386) 04/12/2010 Moved
to the present HQ address from 10FL~12FL., Hungkuk Life Insurance Bldg., 226,
Sinmunno 1-ga, Jongno-gu, Seoul, Korea |
||||||||||||||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education & Career |
|
Chairman & CEO |
Mr. |
Jung Mong-Hyuck |
Korean |
1961. 07. 29 |
UCLA, USA |
|
President & CEO |
Mr. |
Kim Young Nam |
Korean |
1945. 06. 25 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Lee Won-Heum |
Korean |
1954.03.12 |
UCLA, USA |
|
Outside Director |
Mr. |
Lee Keun-Byung |
Korean |
1960.10.22 |
New York University, USA |
|
Auditor |
Mr. |
Kim You-Beom |
Korean |
1955.08.22 |
Korea Exchange Bank |
(*)03/2011’s figures are based on the K-IFRS Accounting System.
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
1,262,451,504,387 |
1,484,757,742,803 |
16,922,909,063 |
|
|
2010 |
3,633,796,315,916 |
1,018,101,592,720 |
46,852,226,001 |
|
2009 |
2,577,548,511,078 |
808,779,050,106 |
(-)52,562,060,827 |
|
2008 |
2,837,242,933,391 |
752,993,781,559 |
10,372,199,329 |
|
2007 |
1,668,412,224,428 |
581,509,472,082 |
43,923,461,275 |
|
2006 |
1,107,962,869,531 |
427,980,852,776 |
48,653,443,173 |
|
2005 |
1,248,325,164,540 |
306,149,400,878 |
23,892,263,347 |
|
2004 |
1,796,247,064,533 |
367,892,458,691 |
34,521,417,849 |
|
2003 |
1,308,743,819,448 |
381,429,217,505 |
(-)210,980,136,663 |
Financial Description
|
Authorized Capital(KRW) |
7,500,000,000,000 |
|
Paid-Up Capital(KRW) |
111,649,010,000 |
|
Total Issues Shares |
22,329,802 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
01/01/2011~03/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total Assets |
1,484,757,742,803 |
1,383,322,211,300 |
|
|
Current Assets |
1,191,137,239,996 |
1,087,804,354,999 |
|
|
Cash & Cash Equivalents |
110,119,370,299 |
66,562,785,625 |
|
|
Inventories |
- |
40,000,000,000 |
|
|
Current Financial Instruments |
1,518,554,947 |
900,000 |
|
|
Other Current Portion of
Financial Instruments |
872,180,867,069 |
702,790,109,821 |
|
|
Trade Receivables |
120,199,260,212 |
246,575,131,834 |
|
|
Other Current Receivables |
17,300,216,681 |
7,368,014,657 |
|
|
Other Current Assets |
69,818,970,788 |
24,507,413,062 |
|
|
Non-Current Assets |
293,620,502,807 |
295,517,856,301 |
|
|
Long-Term Financial Instruments |
200,440,877 |
200,440,877 |
|
|
Marketable Financial Instruments |
4,898,425,234 |
5,676,025,234 |
|
|
Other Non-Current Portion of
Financial Instruments |
833,557,821 |
2,351,212,768 |
|
|
Investment_Subsidiaries |
64,362,698,664 |
64,362,698,664 |
|
|
Long-Term Loans |
45,812,555,691 |
46,198,606,388 |
|
|
Resources Developments |
107,846,049,122 |
110,142,747,775 |
|
|
Tangibles |
3,192,292,029 |
1,987,294,949 |
|
|
Intangibles |
53,994,068,549 |
52,893,322,081 |
|
|
Other Non-Current Assets |
2,895,010,092 |
2,854,548,780 |
|
|
Deferred Income Tax Assets |
9,585,404,728 |
8,850,958,785 |
|
|
Total Liabilities |
1,282,550,828,954 |
1,192,112,709,920 | |