MIRA INFORM REPORT
|
Report Date : |
19.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
HYUNDAI CORPORATION |
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Registered Office : |
140-2, Gye-dong, Jongno-gu, Seoul, Korea, 11th FI., Hyundai Bldg., Zip Code 110-793 |
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Country : |
South Korea |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
08.12.1976 |
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Com. Reg. No.: |
101-81-16269 |
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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 : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South korea |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic
|
Company
Name |
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 |
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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 |
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|
Employees |
316 |
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|
Formation |
Listed Company(Korea Stock Exchange : 011760
) as of 12/01/1977 A Company of HYUNDAI HEAVY INDUSTRIES GROUP |
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Bank Details |
Korea Exchange Bank-Kei-Dong Branch |
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Corporate Registered No. |
110111-0205850 |
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Business Registered No. |
101-81-16269 |
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Permit & Licenses |
Int’l Trade No.: 770237 |
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Shareholder Position |
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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 |
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|
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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 |
|
|
Current Liabilities |
1,173,209,682,078 |
1,081,158,914,318 |
|
|
Trade Payables |
576,444,245,757 |
548,087,306,921 |
|
|
Account Payables |
65,812,899,362 |
41,511,576,721 |
|
|
Advance Receipts |
105,520,939,911 |
68,512,451,232 |
|
|
Short-Term Borrowings |
367,638,353,209 |
365,486,425,575 |
|
|
Current Portion of Borrowings |
46,727,559,120 |
48,010,779,520 |
|
|
Current Portion of Provisions |
701,136,538 |
4,609,721,329 |
|
|
Other Current Liabilities |
10,364,548,181 |
4,940,653,020 |
|
|
Non-Current Liabilities |
109,341,146,876 |
110,953,795,602 |
|
|
Debentures |
49,830,532,115 |
49,814,034,822 |
|
|
Long-Term Borrowings |
54,621,053,324 |
56,144,458,681 |
|
|
Confirmed Salaries |
2,240,974,434 |
1,969,058,345 |
|
|
Provisions |
2,648,587,003 |
3,026,243,754 |
|
|
Capital Stock |
111,649,010,000 |
111,649,010,000 |
|
|
Profit Surplus |
105,443,419,115 |
94,110,156,027 |
|
|
Others |
-14,885,515,266 |
-14,549,664,647 |
|
|
Total Equity |
202,206,913,849 |
191,209,501,380 |
|
|
Liab. & Shareholder’s Equity |
1,484,757,742,803 |
1,383,322,211,300 |
|
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
1,018,101,592,720 |
808,779,050,106 |
752,993,781,559 |
|
Current Assets |
721,184,841,539 |
534,295,356,572 |
466,285,910,622 |
|
-Quick Assets |
474,609,709,705 |
382,694,065,167 |
384,712,016,000 |
|
-Inventories |
246,575,131,834 |
151,601,291,405 |
81,573,894,622 |
|
Fixed Assets |
296,916,751,181 |
274,483,693,534 |
286,707,870,937 |
|
-Investment |
233,655,745,750 |
206,075,694,874 |
210,064,786,625 |
|
-Tangibles |
1,987,294,949 |
657,675,757 |
869,553,187 |
|
-Intangibles |
44,846,056,131 |
44,974,229,528 |
47,939,197,241 |
|
-Others |
16,427,654,351 |
22,776,093,375 |
27,834,333,884 |
|
Total Liabilities |
824,313,953,492 |
662,086,599,004 |
550,921,756,050 |
|
Current Liabilities |
715,782,393,304 |
594,232,157,880 |
337,644,498,350 |
|
Fixed Liabilities |
108,531,560,188 |
67,854,441,124 |
213,277,257,700 |
|
Capital Stock |
111,649,010,000 |
111,649,010,000 |
111,649,010,000 |
|
Capital Surplus |
|
|
- |
|
Profit Surplus |
89,046,758,883 |
42,194,532,882 |
94,756,593,709 |
|
Capital Adjustment |
-6,908,129,655 |
-7,151,091,780 |
-4,333,578,200 |
|
Total Equity |
193,787,639,228 |
146,692,451,102 |
202,072,025,509 |
|
Liab. &
Shareholder’s Equity |
1,018,101,592,720 |
808,779,050,106 |
752,993,781,559 |
|
Current
Liabilities |
715,782,393,304 |
594,232,157,880 |
337,644,498,350 |
|
Trade Payables |
548,087,306,921 |
338,831,405,242 |
265,294,083,396 |
|
Account Payables |
41,511,576,721 |
89,748,521,962 |
19,322,604,388 |
|
Advance Receipts |
68,512,451,232 |
27,978,892,065 |
48,659,431,417 |
|
Withholdings |
509,683,301 |
959,418,033 |
679,974,985 |
|
Guarantee Deposit Withhold |
366,194,703 |
443,014,041 |
357,531,141 |
|
Accrued Expenses |
3,197,729,382 |
1,552,840,940 |
3,384,931,639 |
|
Accrued Dividends |
26,667,760 |
26,667,760 |
26,667,760 |
|
Derivatives |
338,440,371 |
181,821,212 |
- |
|
Provision for Confirmed Agreement |
91,687,714 |
- |
21,689,046 |
|
Provision for Product Warrant |
709,373,262 |
877,813,114 |
- |
|
Deferred
Income Tax |
4,420,502,417 |
- |
- |
|
Current
Portion of Long-Term Debts |
48,010,779,520 |
133,681,107,592 |
- |
|
Fixed
Liabilities |
108,531,560,188 |
67,854,441,124 |
213,277,257,700 |
|
Debentures |
50,000,000,000 |
- |
60,610,000,000 |
|
Long-Term Borrowings-Foreign Currency |
56,144,458,681 |
65,616,908,536 |
149,918,770,411 |
|
Provision for Severance & Retirement |
10,839,160,508 |
9,133,521,202 |
8,374,008,689 |
Income
Statement
|
|||
|
Unit : Korean Won |
01/01/2011~03/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
1,262,451,504,387 |
|
|
|
Cost of Sold Goods |
1,226,648,580,361 |
|
|
|
Gross Profit |
35,802,924,026 |
|
|
|
Selling & Admin.
Expenses |
15,759,226,083 |
|
|
|
Other Operating
Income |
35,342,907,136 |
|
|
|
Other Operating
Expenses |
30,705,740,756 |
|
|
|
Operating Income |
24,680,864,323 |
|
|
|
Finance Income |
3,475,721,661 |
|
|
|
Finance Expenses |
5,716,095,035 |
|
|
|
Income Before Taxes |
22,440,490,949 |
|
|
|
Income Taxes Expenses |
5,517,581,886 |
|
|
|
Net Income |
16,922,909,063 |
|
|
|
Income
Statement |
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
3,633,796,315,916 |
2,577,548,511,078 |
2,837,242,933,391 |
|
Cost of Sold Goods |
3,522,432,885,486 |
2,464,628,195,252 |
2,728,885,922,709 |
|
Gross Profit |
111,363,430,430 |
112,920,315,826 |
108,357,010,682 |
|
Selling & Admin. Expenses |
57,248,612,125 |
51,076,598,810 |
56,646,742,215 |
|
Operating Income |
54,114,818,305 |
61,843,717,016 |
51,710,268,467 |
|
Non-Operating Income |
147,930,178,991 |
164,084,407,702 |
248,584,802,393 |
|
Non-Operating Expenses |
150,997,526,597 |
267,499,577,882 |
285,721,116,730 |
|
Ordinary Income |
51,047,470,699 |
-41,571,453,164 |
14,573,954,130 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
51,047,470,699 |
-41,571,453,164 |
14,573,954,130 |
|
Income Taxes Expenses |
4,195,244,698 |
10,990,607,663 |
4,201,754,801 |
|
Net Income |
46,852,226,001 |
-52,562,060,827 |
10,372,199,329 |
Cash
Flows
|
|||
|
Unit : Korean Won |
01/01/2011~03/31/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating Activities Cash Flows |
10,273,576,272 |
|
|
|
Cash Flows from
Operating |
5,806,449,079 |
|
|
|
Interests Received |
552,729,226 |
|
|
|
Interests Paid |
-3,845,797,825 |
|
|
|
Dividends Received |
7,760,195,792 |
|
|
|
Cash
Flows from Investing |
36,866,624,688 |
|
|
|
Cash
Flows from Financing |
-3,583,616,286 |
|
|
|
Increase/Decrease in Cash |
43,556,584,674 |
|
|
|
Cash at the Beginning of Year |
66,562,785,625 |
|
|
|
Cash at the End of Year |
110,119,370,299 |
|
|
Cash
Flows
|
|||
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows from Operating |
55,248,877,883 |
71,246,643,585 |
20,165,011,004 |
|
-Net Income |
46,852,226,001 |
-52,562,060,827 |
10,372,199,329 |
|
-Exp. without Cash Outflow |
58,117,363,569 |
102,104,999,330 |
137,717,143,150 |
|
-Revenue
without Cash Inflows |
-34,685,507,962 |
-46,650,350,813 |
-96,406,312,647 |
|
-Changes in
Asset/ & Liability |
-15,035,203,725 |
68,354,055,895 |
-31,518,018,828 |
|
Cash Flows
from Investing |
-65,314,549,847 |
-28,475,053,650 |
18,894,428,249 |
|
-Cash Inflow
from Investing |
3,480,992,174 |
10,568,013,114 |
94,323,802,798 |
|
-Cash
Outflows for Investing |
-68,795,542,021 |
-39,043,066,764 |
-75,429,374,549 |
|
Cash Flows
from Financing |
-42,944,615,400 |
-1,211,853,400 |
8,187,167,328 |
|
-Cash
Inflows from Financing |
52,147,997,811 |
53,083,517,736 |
25,336,220,970 |
|
-Cash
Outflows from Financing |
-95,092,613,211 |
-54,295,371,136 |
-17,149,053,642 |
|
Increase/Decrease
in Cash |
-53,010,287,364 |
41,559,736,535 |
47,246,606,581 |
|
Cash at the
Beginning of Year |
119,573,072,989 |
78,013,336,454 |
30,766,729,873 |
|
Cash at the End of Year |
66,562,785,625 |
119,573,072,989 |
78,013,336,454 |
Products, Technologies, Services Description
|
Main Products & Services |
Export: Autos, Ships, Plant & relevant
materials, Electric & Electronic products, Machines, Parts,
Petrochemicals, Metal and Steel Products, other commodities. Import: Petroleum, Coal, Steel, Aluminum,
Nonferrous Metals, Electronic and Auto Parts, Machines and Parts, other
export-use raw materials and facility materials. Resource Development Business: -Current Profitable Projects : Oil in Marib
Yemen, Oman LNG, Ras
Laffan LNG in Qatar, Drayton coal mine in Australia - Project on Investigation/Exploring :
Irkutsk PNG - Developing Projects : 11-2 Gas Block in
Vietnam, Yemen LNG Others: Shipbuilding Business, overseas marketing
support for domestic venture companies, real estate development business (i.e Industry Complex Development in
Indonesia), Distribution and etc. |
Trade Partners & Competitors
|
Customers |
PAK SUZUKI MOTOR-PAKISTAN SETWELL SCIENCE & TECHNOLOGY-CHINA SOUTHERN CALIFORNIA-USA HYDRO ONE-CANADA MAN INDUSTRIES LTD-INDIA NEBRASKA CITY POWER PARTNERS-USA CITY OF ANAHEIM-USA KAR-AVRASYA OIL & GAS SERVICES-TURKEY AEKIA S.A. -ECUADOR AL-JAZIRAH GATE-GERMANY PAK SUZUKI MOTOR-PAKISTAN PAKISTAN STEEL-PAKISTAN POWER LINK-AUSTRIA MAN INDUSTRIES-INDIA STONE & WEBSTER-CANADA JSC AVTOVAZ-RUSSIA ATTIEH STEEL-SAUDI ARABIA INTERSIDER-ITALY TAKENAKA-JAPAN SNC LAVALIN-CANADA KAR-AVRASYA OIL & GAS SERVICES-TURKEY CHINA SOUTHERN AIRLINES-CHINA STONE & WEBSTER-CANADA UNITED STAINLESS STEEL COMPANY-BAHRAIN RELIANCE PETROLEUM LIMITED-INDIA PETROCHEMICAL INDUSTRIES-IRAN SUNCOR ENERGY INC-CANADA ISOICO-IRAN ALSTOM POWER CENTRASLE-FRANCE INTERSIDER-ITALY HYDRO ONE-CANADA NATIONAL GRID-USA SOUTHERN CALIFORNIA EDISON-USA GRAM CAR CARRIERS-NORWAY ATTIEH STEEL-SAUDI ARABIA MAN INDUSTRIES-INDIA TAIWAN MARITIME TRANSPORTATION-TAIWAN PENGLAI ZHONGBAI JINGLU SHIP INDUSTRY-CHINA PACIFIC GAS & ELECTRIC-USA TAIWAN MARITIME TRANSPORTATION-TAIWAN RZGA-RUSSIA HYUNDAI GROUP AFFILIATED COMPANIES Condition Export : L/C, USANCE, D/A Import: Direct Importing, Indirect
importing through the agents |
|
Competitors |
SK NETWORKS CO., LTD.(130111-0005199) 104-28, YEONGHWA-DONG, JANGAN-GU, SUWON-SI,
GYEONGGI-DO, KOREA TEL:+82-2-2221-2114 FAX:+82-2-2221-0080 DAEWOO INTERNATIONAL
CORPORATION(110111-2137358) 13TH FL., YONSEI SEVERANCE BLDG., 84-11,
NAMDAEMUNNO 5-GA, JUNG-GU, SEOUL, KOREA TEL:+82-2-759-2114 FAXV82-2-753-9489 HYOSUNG CORPORATION(110111-0030497) HYOSEONG BLDG., 450, GONGDEOK-DONG,
MAPO-GU, SEOUL, KOREA TEL:+82-2-707-7000 FAX:+82-2-707-0130 SAMSUNG C&T CORPORATION(110111-0002975) 1321-20, SEOCHO 2-DONG, SEOCHO-GU, SEOUL,
KOREA TEL:+82-2-2145-2114 FAX:+82-2-2145-3114 LG INTERNATIONAL CORP(110111-0004632) 12TH FL., LG TWIN TOWER EAST ANNEX, 20,
YEOUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-3773-5114 FAX:+82-2-3773-5273 SSANGYONG CORPORATION(110111-0031479) SSANGYONG BLDG., 24-1, JEODONG 2-GA,
JUNG-GU, SEOUL, KOREA TEL:+82-2-2270-8114 FAX:+82-2-2270-8730 (*)The Subject is ranked 6th
Player in domestic market share next to LG INTERNATIONAL
CORP(110111-0004632). |
Related Parties
(Subsidiaries, Joint-Venture
& Affiliates)
|
Affiliates-Domestics |
HYUNDAI HEAVY INDUSTRIES CO., LTD.(181211-0000386) 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-Domestics |
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 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-Domestics |
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) |
|
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. |
|
Overseas Office |
HYUNDAI CORP. (U.S.A.) 300 SYLVAN AVENUE, ENGLEWOOD CLIFFS, NJ
07632, U.S.A. HYUNDAI CORP.(U.S.A.) WESTERN DIVISION, 879 W., 190TH ST., #580,
GARDENA, CA 90248, U.S.A. HYUNDAI CANADA INC. 75 FRONTENAC DRIVE, MARKHAM, ONT L3R 6H2,
CANADA HYUNDAI CORP. CALLE 98, NO. 9-03, TORRE SANCHO, OFICINA
1001, BOGOTA D.C., COLOMBIA HYUNDAI CORP. NUEVA DE LYON 096, OFICINA
301,PROVIDENCIA,SANTIAGO,CHILE HYUNDAI CORP. EUROPE GMBH MERGENTHALLER ALLEE 77, D-65760
ESCHBORN/TS., GERMANY HYUNDAI CORPORATION -71, AVENUE FOCH, 75116 PARIS CEDEX,
FRANCE -PLAZA SPRING GIZ BLDG.,KAT : 1, NO. 21,
MEYDAN STREET, AYAZAGA MASLAK, LSTANBUL, TURKEY -AL DANA CENTER #609, MAKTOUM ST.,P.O.BOX
22034, DUBAI, U.A.E. -3 FLOOR, NO.7, SABA BLVD. AFRICA AVENUE,
TEHRAN,IRAN -#506, LANDMARK BUILDING, 8 NORTH
DONGSANHUAN ROAD,CHAOYANG DISTRICT, BEIJING, CHINA HYUNDAI CORP -QINGDAO OFFICE, ROOM 1707, MERCHANTS BANK
TOWER, 36TH. HONGKONG CENTRAL ROAD, QINGDAO, CHINA (POST CODE : 266071) - #1701
SHANGHAI INT'L TRADE CENTER 2201, YAN-AN ROAD (WEST), SHANGHAI, CHINA - ROOM
NO.4208, CITIC PLAZA OFFICE TOWER, 233 TIANHE NORTH ROAD, TIANHE DISTRICT,
GUANGZHOU 510620, PEOPLES REPUBLIC OF CHINA HYUNDAI CORPORATION -H.K. ROOM 3201-2, GREAT EAGLE CENTRE, 23
HARBOUR ROAD, WAN CHAI, HONG KONG -ROOM 1425, NO.144, SEC 3, MIN CHUAN
E.RD.,TAIPEI, TAIWAN |
|
Overseas Office |
HYUNDAI JAPAN CO., LTD. YAMATO SEIMEI BLDG. 11F., 1-7
UCHISAIWAICHO 1-CHOME, CHIYODA-KU, TOKYO, 100-0011 JAPAN HYUNDAI JAPAN CO., LTD. OSAKA BR., #702 YUSEIGOJYOKAI-SHINSAIBASHI
BLDG., 3-11-18, MINAMI SENBA CHUO-KU, OSAKA, JAPAN HYUNDAI CORPORATION -NEW DELHI LIAISON OFFICE A- 5 APARTMENTS,
THE QUTAB, SHAHEED JEET SINGH MARG NEW DELHI 110016, INDIA - 5TH
FL. STATE LIFE BUILDING NO. 11, ABDULLAH HAROON ROAD, KARACHI, PAKISTAN - FORTUNE
TOWERS (5TH FLOOR),27/29, ADEYEMO ALAKIJA STREET,VICTORIA ISLAND, LAGOS, - SUITE
504, LEVEL 5 815 PACIFIC HIGHWAY CHATSWOOD, NSW 2067 AUSTRALIA -OFFICE 1604, WORLD TRADE CENTER ENTRANCE #3, KRASNOPRESNENSKAYA NAB.
12, 123610, MOSCOW, RUSSIA |
|
Overseas Branch |
POS-HYUNDAI STEEL MFG. (I) PVT.LTD F-70, SIPCOT INDI. PARK, IRUNGATTUKOTTAI,
NH-4, BANGALORE HIGHWAY, SRIPERUMBUDUR, KANCHIPURAM DT. - 602 105. |
|
Joint Venture |
PT. HYUNDAI INTI DEVELOPMENT |
|
Subsidiary |
HYUNDAI CORP. U.S.A. (100.0% held by the subject company) HYUNDAI CANADA INC. (100.0% held by the subject company) HYUNDAI SANGSA H.K., LTD. (100.0% held by the subject company) HYUNDAI CORP. EUROPE GMBH (100.0% held by the subject company) HYUNDAI JAPAN CO., LTD. (100.0% held by the subject company) HYUNDAI AUSTRALIA PTY., LTD. (100.0% held by the subject company) HYUNDAI CORP. U.K., LTD. (100.0% held by the subject company) HYUNDAI SINGAPORE PTE., LTD. (100.0% held by the subject company) POS HYUNDAI STEEL MFG. (71.0% held by the subject company) PTHD INTI. DEVE. (55.0% held by the subject company) QINGDAO HYUNDAI SHIPBUILDING CO. LTD. (80.0% held by the subject company) HYUNDAI YEMEN LNG COMPANY LTD. (51.0% held by the subject company) |
|
Cooperative Enterprise |
MISTEAL-FRANCE AEKIA S.A -ECUADOR BP SINGAPORE PTE-SINGAPORE TOHOKU ELECTRIC POWER-JAPAN PAK SUZUKI MOTOR-PAKISTAN BEIQI FOTON-USA EMIRATES AIRLINE-ARAB EMIRATE |
Sales by Region
(Activity & Markets)
|
Sales/ Unit : KRW |
03/2011 |
2010 |
2009 |
|
Export |
1,227,276,000,000 |
3,569,664,000,000 |
2,441,749,926,123 |
|
Domestic |
35,176,000,000 |
64,132,000,000 |
92,230,503,029 |
|
Others |
- |
- |
43,568,081,926 |
|
Total |
1,262,452,000,000 |
3,633,796,000,000 |
2,577,548,511,078 |
The subject exports 97% to USA, Asia, Middle East and Europe. It also
imports raw materials for exporting from Japan and other countries.
Court Action
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
|
The subject (5 cases) |
|
|
US$ 13,348,000 200,000,000 KRW |
Proceeding |
|
|
Tax tribunal, Korea |
Seoul District National Tax Service |
The subject |
Cancellation on Imposed taxes |
52,000,000,000 KRW |
Proceeding |
News Clipping
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
|
UK Pound |
1 |
Rs.77.58 |
|
Euro |
1 |
Rs.67.58 |
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.