|
Report Date : |
22.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
TONGYANG INC. |
|
|
|
|
Registered Office : |
99, Supyo-dong, Jung-gu, Seoul, Korea West Wing,
Signature Towers 100-230 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
25.08.1955 |
|
|
|
|
Com. Reg. No.: |
116-81-34352 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Ready-Mix Concrete |
|
|
|
|
No. of Employees : |
1,100 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but Correct |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
South Korea - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies, and currently is among the world's 20 largest economies. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea''s development model including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. With the global economic downturn in late 2008, South Korean GDP growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to recover, in large part due to export growth, low interest rates, and an expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade Agreement was ratified by both governments and is projected to go into effect in early 2012. The South Korean economy''s long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports - which comprise half of GDP.
|
Source : CIA |
|
Company Name |
TONGYANG INC. |
|
Registered Address |
99, Supyo-dong, Jung-gu, Seoul, Korea |
|
Building |
West Wing, Signature Towers |
|
Zip Code |
100-230 |
|
Tel |
+82-2-3770-3000 |
|
Fax |
+82-2-3770-3305 |
|
E-mail |
pbsmen@tymajor.co.kr |
|
Website |
www.tymajor.co.kr |
|
Trading Address |
West Wing, Signature Towers, 99, Supyo-dong,
Jung-gu, Seoul, Korea (New Address System : 100,
Cheonggyecheon-ro, Jung-gu, Seoul, Korea) |
|
Tel |
+82-2-3770-3000 |
|
Fax |
+82-2-3770-3305 |
|
Other Address |
Hans Tower, 46-5, Guro-dong, Guro-Gu, Seoul, Korea (P.O.BOX 1107) |
|
Tel |
+82-2-791-1114 |
|
Fax |
+82-2-791-1200 |
|
Other Address-Nam-Gwangju Factory |
251-1, Songha-dong, Nam-gu, Gwangju, Korea |
|
Tel |
+82-62-674-1811~6 |
|
Fax |
+82-62-671-0633 |
|
Other Address-Gimhae Factory |
315, Sincheon-ri, Hallim-myeon, Gimhae-si, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-346-6163 |
|
Fax |
+82-55-346-6166 |
|
Other Address-Haman Factory |
351-60, Yunoe-ri, Beopsu-myeon, Haman-gun, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-584-3201 |
|
Fax |
|
|
Other Address-Gwangju Factory |
389, Munhyeong-ri, Opo-eup, Gwangju-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-766-4937 |
|
Fax |
+82-31-766-4941 |
|
Other Address-Gangneung Factory |
494, Songhyeon-ri, Sonyang-myeon, Yangyang-gun, Gangwon-do, Korea |
|
Tel |
+82-33-672-0011~3 |
|
Fax |
+82-33-672-0018 |
|
Other Address-Muan Factory |
546, Cheonggye-ri, Cheonggye-myeon, Muan-gun, Jeollanam-do, Korea |
|
Tel |
+82-61-452-0461~4 |
|
Fax |
+82-41-454-0421 |
|
Other Address |
57-2, Seokhwa-ri, Yangseong-myeon, Anseong-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-671-6671 |
|
Fax |
+82-31-671-6675 |
|
Other Address-Daegu Factory/Span |
838-4, Geomdan-dong, Buk-gu, Daegu, Korea |
|
Tel |
+82-53-384-3215 |
|
Fax |
+82-53-384-3216 |
|
Other Address- Daegu EXEX Factory |
2037-27, Bisan-dong, Seo-gu, Daegu, Korea |
|
Tel |
+82-53-341-8510 |
|
Fax |
+82-53-341-8511 |
|
Other Address-Anseong Logistics Center |
453-5, Yongdu-ri, Gongdo-eup, Anseong-si, Gyeonggi--do, Korea |
|
Tel |
+82-31-691-9414 |
|
Fax |
+82-31-618-9381 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Ready-Mix Concrete |
|
Main Business |
Ready-Mixed Concrete, Concrete Pile, Acrylic Fiber, Acrylic Yarn, Spun
Bond, Lyocell Fiber, Garments, Construction |
|
Sub
Business |
Apartment Building Construction |
|
Established (mm/dd/yyyy) |
08/25/1955 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Sweaters(53101700) |
|
Sell |
Synthetic fabrics(11161800) |
|
Sell |
Wool yarn(11151701) |
|
Sell |
Mens tshirts(53103001) |
|
Sell |
Spunbonded nonwovens(11162201) |
|
Sell |
Womens slacks or trousers or shorts(53101504) |
|
Sell |
Synthetic fabrics(11161800) |
|
Sell |
Acrylic yarn(11151704) |
|
Sell |
Packaging paper(14121504) |
|
Sell |
Knit synthetic fabrics(11161804) |
|
Sell |
Acrylic fibers(11151504) |
|
Sell |
Apartment construction(72131501) |
|
Sell |
Commercial or industrial construction(72131600) |
|
Sell |
Renovation of buildings or landmarks or monuments(72102801) |
|
Sell |
Highway or road paving or surfacing(72131701) |
|
Sell |
Investment advice(84121700) |
|
Sell |
Iron bars(30101603) |
|
Sell |
Concrete and mortars(30111500) |
|
Sell |
Mortars(30111504) |
|
Sell |
Cement(30111601) |
|
Buy |
Buttons(53141505) |
|
Buy |
Threads(11151600) |
|
Buy |
Synthetic fabrics(11161800) |
|
Buy |
Packaging pouches or bags(24121502) |
|
Buy |
String or twine(31151507) |
|
Buy |
Zippers(53141503) |
|
Buy |
Wool fabrics(11161600) |
|
Buy |
Snaps(53141506) |
|
Buy |
Miscellaneous sewing supplies(53141600) |
|
Buy |
Printer labels(55121612) |
|
Name |
Yeom Yong-Woon |
|
Address |
|
|
Date of Birth |
09/19/1959 |
|
Title |
Vice Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
127,663,997,500 |
||||||||||||||||||||||||
|
Employees |
1,100 |
||||||||||||||||||||||||
|
Formation |
Listed Company(Korea Stock Exchange : 001520) as of 06/25/1976 A Company of Tong Yang Group |
||||||||||||||||||||||||
|
Bank Details |
Woori Bank-Yoido Central Branch |
||||||||||||||||||||||||
|
Corporate Registered No. |
110111-0005333 |
||||||||||||||||||||||||
|
Business Registered No. |
116-81-34352 |
||||||||||||||||||||||||
|
Permit & Licenses |
06/27/1995 ISO 9001 12/1995 ISO 9002 04/15/1996 KS Mark Int’l Trade No.: 710084 |
||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||
|
Company History |
08/25/1955 Established 05/01/1968 Incorporated as TONGYANG CEMENT
INDUSTRY CO., LTD. 07/01/1985 Changed company name to TONGYANG
CEMENT CO., LTD. 07/14/1999 Acquired TONG YANG GLOBAL CO.,
LTD. 06/09/2000 Changed company name to TONG YANG MAJOR
CORPORATION 02/29/2008 Acquired TONG YANG MAJOR
INDUSTRY CO., LTD. 05/12/2008 Acquired HANIL
SYNTHETIC FIBER CO., LTD.(190111-0000220) 07/27/2011 Changed company name to the
present name from TONG YANG MAJOR CORPORATION 09/01/2011 Acquired TONG YANG MAGIC
CO., LTD.(110111-0893374) 07/02/2012 Moved to the present HQ address
from Alpha
Bldg., 70, Seorin-dong, Jongno-gu, Seoul, Korea |
||||||||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman |
Mr. |
Hyun Jae-Hyun |
Korean |
1949.02.12 |
Seoul National University, Korea |
|
Vice Chairman |
M/S. |
Lee Hye-Kyung |
Korean |
1952.03.19 |
Ehwa Women's University, Korea |
|
Vice Chairman & CEO |
Mr. |
Yeom Yong-Woon |
Korean |
1954.09.19 |
Seoul National University, Korea |
|
President & CEO |
Mr. |
Kim Jung-Deuck |
Korean |
1955.01 |
Kyunghee University, Korea |
|
Vice President & CEO |
Mr. |
Park Cheol-Won |
Korean |
1954.09.21 |
Yonsei University, Korea |
|
Executive Director & CEO |
Mr. |
Lee Sang-Cheol |
Korean |
1963.01.21 |
Korea University, Korea |
|
Vice President |
Mr. |
Kim Young-Hoon |
Korean |
1960.10.17 |
Seoul National University, Korea |
|
Executive Director & CFO |
Mr. |
Wang Sung-Ho |
Korean |
1964.08.02 |
Hongik University, Korea |
|
Director |
Mr. |
Han Boo-Hwan |
Korean |
1948.09.20 |
Seoul National University, Korea |
|
Director |
Mr. |
Lee Won-Chang |
Korean |
1951.11.11 |
Korea University, Korea |
|
Director |
Mr. |
Han Tae-Kyu |
Korean |
1949.03.20 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Song Tae-Ho |
Korean |
1954.09.23 |
Seoul National University, Korea |
|
Director |
Mr. |
Lee Geon-Joo |
Korean |
1957.02. |
Cheonnam National University, Korea |
|
Director |
Mr. |
Hwang Kook-In |
Korean |
1957.09.09 |
Youngnam University, Korea |
|
Executive Director |
Mr. |
Hyun Jung-Dam |
Korean |
1977.05.05 |
Stanford Graduate School of Business, USA |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
786,795,143,283 |
1,817,386,844,068 |
-9,292,346,596 |
|
|
2011 |
877,037,698,367 |
1,776,093,594,110 |
-56,275,129,583 |
|
2010 |
678,741,186,302 |
1,557,712,154,024 |
-155,129,992,228 |
|
2009 |
681,971,405,568 |
1,460,360,553,273 |
-68,631,582,582 |
|
2008 |
571,763,311,019 |
1,374,930,486,613 |
-370,025,676,028 |
|
2007 |
380,533,995,317 |
1,067,043,619,475 |
-23,386,264,271 |
|
2006 |
327,390,300,901 |
838,362,967,013 |
17,892,656,481 |
|
2005 |
305,221,243,712 |
1,004,705,712,773 |
-44,284,811,778 |
(*)Figures are
based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
1,000,000,000,000 |
|
Paid-Up Capital(KRW) |
127,663,997,500 |
|
Total Issued Shares |
255,327,995 |
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
1,817,386,844,068 |
1,776,093,594,110 |
1,557,712,154,024 |
|
Current Assets |
649,906,021,136 |
572,489,451,361 |
560,200,254,272 |
|
Inventories |
109,851,077,322 |
106,155,565,982 |
67,261,777,934 |
|
Trade Receivables |
318,624,010,734 |
329,916,991,391 |
179,943,599,652 |
|
Other Receivables-Construction |
45,925,786,746 |
34,145,363,345 |
10,186,503,178 |
|
Short-Term Receivables |
76,795,583,494 |
36,772,465,068 |
23,159,627,002 |
|
Current Financial Instruments |
33,423,611,474 |
21,389,367,970 |
11,478,190,367 |
|
Other Current Assets |
16,183,102,888 |
10,411,633,426 |
12,580,614,294 |
|
Marketable Financial Instruments |
106,260,000 |
191,420,000 |
164,227,060,000 |
|
Current Financial Instruments |
|
|
5,000,000,000 |
|
Derivatives |
45,870,343 |
|
|
|
Deferred Income Tax Assets |
500,899,741 |
2,278,205,054 |
1,579,110,686 |
|
Other Current Assets |
22,249,713,024 |
21,513,544,069 |
21,106,834,930 |
|
Cash & Cash Equivalents |
26,200,105,370 |
9,714,895,056 |
63,676,936,229 |
|
Non-Current Assets |
1,167,480,822,932 |
1,203,604,142,749 |
997,511,899,752 |
|
Tangibles |
596,763,759,583 |
589,422,106,621 |
459,292,731,187 |
|
Investment_Real Estates |
120,864,537,757 |
121,567,101,819 |
123,196,461,379 |
|
Operating Rights |
85,095,907,199 |
87,044,868,109 |
90,718,832,922 |
|
Intangibles |
41,353,684,249 |
37,428,258,646 |
30,127,154,881 |
|
Investment_Subsidiaries |
248,853,575,636 |
292,541,467,170 |
235,116,214,969 |
|
Investment_Related Companies |
16,988,957,848 |
16,988,957,848 |
12,683,492,580 |
|
Non-Current Marketable Financial Instruments |
20,604,554,119 |
19,723,477,101 |
21,936,859,749 |
|
Derivatives |
247,235,433 |
|
|
|
Long-Term Loans |
19,253,396,532 |
26,378,438,908 |
4,124,058,694 |
|
Non-Current Financial Instruments |
24,500,000 |
24,500,000 |
511,000,000 |
|
Other Non-Current Receivables |
9,185,468,732 |
9,907,447,545 |
6,653,421,983 |
|
Other Non-Current Assets |
8,245,245,844 |
2,577,518,982 |
13,151,671,408 |
|
Total Liabilities |
1,584,319,793,023 |
1,534,025,089,353 |
1,648,370,094,518 |
|
Current Liabilities |
1,360,457,017,428 |
1,274,500,883,471 |
1,377,565,313,382 |
|
Current Portion of Provisions |
305,476,633 |
256,366,117 |
|
|
Trade Payables |
179,748,561,964 |
198,683,712,421 |
136,641,182,949 |
|
Short-Term Borrowings |
211,581,654,474 |
286,633,943,523 |
200,365,768,776 |
|
Short-Term Debentures |
10,000,000,000 |
10,000,000,000 |
|
|
Current Portion of Long-Term
Debts |
85,873,797,272 |
62,982,945,369 |
48,651,773,242 |
|
Current Portion of Debentures |
813,967,780,057 |
635,034,019,101 |
705,819,016,516 |
|
Current Portion of Derivatives |
|
|
222,097,427,535 |
|
Other Derivatives |
96,359,888 |
368,598,954 |
|
|
Other Current Debts |
35,095,353,600 |
43,290,911,080 |
37,141,870,654 |
|
Other Payables-Construction |
10,658,454,616 |
21,173,628,798 |
10,991,630,584 |
|
Other Current Liabilities |
13,129,578,924 |
16,076,758,108 |
15,856,643,126 |
|
Non-Current Liabilities |
223,862,775,595 |
259,524,205,882 |
270,804,781,136 |
|
Provisions |
8,969,694,872 |
9,768,555,896 |
10,123,080,430 |
|
Long-Term Borrowings |
130,718,413,626 |
166,792,960,000 |
206,252,920,000 |
|
Other Non-Current Liabilities |
16,312,498,776 |
13,953,326,638 |
10,298,675,775 |
|
Derivatives |
1,149,635 |
|
|
|
Finance Guarantee Contract |
2,141,356,293 |
3,465,939,187 |
2,181,342,015 |
|
Provision for Severance &
Retirement |
40,901,827,732 |
40,370,916,124 |
28,442,798,094 |
|
Deferred Income Tax Credit |
24,817,834,661 |
25,172,508,037 |
13,505,964,822 |
|
Capital Stock |
127,663,997,500 |
127,663,997,500 |
428,950,480,000 |
|
Capital Surplus |
162,617,576,964 |
277,537,713,424 |
|
|
Treasury Stock |
-49,580,227,019 |
-49,580,227,019 |
-6,603,231,267 |
|
Profit Surplus |
-9,292,346,596 |
-578,322,769,535 |
-526,232,235,378 |
|
Installments |
3,475,285,083 |
3,184,392,199 |
15,044,281,038 |
|
Others |
-1,817,234,887 |
461,585,398,188 |
-1,817,234,887 |
|
Total Equity |
233,067,051,045 |
242,068,504,757 |
-90,657,940,494 |
|
Liab. & Shareholder’s Equity |
1,817,386,844,068 |
1,776,093,594,110 |
1,557,712,154,024 |
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
786,795,143,283 |
877,037,698,367 |
678,741,186,302 |
|
Cost of Sold Goods |
627,040,201,682 |
712,347,697,949 |
588,729,240,632 |
|
Gross Profit |
159,754,941,601 |
164,690,000,418 |
90,011,945,670 |
|
Selling & Admin. Expenses |
109,038,957,610 |
111,279,225,622 |
75,613,020,164 |
|
Other Operating Income |
16,873,319,196 |
7,489,299,379 |
24,077,965,361 |
|
Other Operating Expenses |
16,868,627,948 |
43,866,186,718 |
55,481,547,702 |
|
Operating Income |
50,720,675,239 |
17,033,887,457 |
-17,004,656,835 |
|
Finance Income |
13,269,934,446 |
33,887,520,826 |
17,175,906,886 |
|
Finance Expenses |
86,415,517,726 |
103,302,901,907 |
140,963,134,938 |
|
Profits from Disposal of Subsidiaries |
10,298,136,562 |
-7,095,374,140 |
|
|
Income Before Taxes |
-12,126,771,479 |
-59,476,867,764 |
-140,791,884,887 |
|
Income Taxes Expenses |
-2,834,424,883 |
-3,201,738,181 |
14,338,107,341 |
|
Net Income |
-9,292,346,596 |
-56,275,129,583 |
-155,129,992,228 |
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Operating Activities Cash Flows |
-41,059,723,381 |
-97,654,036,195 |
-109,150,335,312 |
|
Net Income |
-9,292,346,596 |
-56,275,129,583 |
-155,129,992,228 |
|
Adjustment |
103,921,856,382 |
146,148,792,829 |
185,897,864,207 |
|
Changes in Asset/ & Liability |
-68,293,783,527 |
-100,422,648,929 |
-40,050,847,352 |
|
Interests Received |
3,354,890,838 |
5,934,693,219 |
9,744,038,051 |
|
Interests Paid |
-77,477,177,966 |
-92,400,004,621 |
-86,970,832,863 |
|
Dividends Received |
4,247,549,354 |
1,027,406,296 |
1,324,281,405 |
|
Income Taxes |
2,479,288,134 |
-1,667,145,406 |
-23,964,846,532 |
|
Cash Flows from Investing |
-24,428,571,300 |
-174,465,481,543 |
-122,386,943,291 |
|
Cash Flows from Financing |
81,972,974,972 |
218,170,085,096 |
191,915,759,994 |
|
Increase/Decrease in Cash |
16,485,210,314 |
-53,962,041,173 |
-39,635,775,744 |
|
Cash at the Beginning of Year |
9,714,895,056 |
63,676,936,229 |
103,312,711,973 |
|
Cash at the End of Year |
26,200,105,370 |
9,714,895,056 |
63,676,936,229 |
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Main Products & Services |
REMICON(Ready Mixed Concrete) Business Construction Business Textile Business Brand Name : TOP★CON, N-PART, MAGIC |
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Detailed Products Spec. |
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Technologies Acquired |
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Suppliers |
TONG YANG CEMENT CORP.(110111-2462630) |
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Customers |
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Competitors |
SSANG YONG REMICON CO., LTD. 10TH FL., SSANGYONG BLDG., 24-1, JEODONG
2-GA, JUNG-GU, SEOUL, KOREA TEL:+82-2-2270-5862 FAX:+82-2-2270-5445 HANIL INDUSTRIAL CO., LTD. 2ND FL., UDEOK BLDG., 832-2, YEOKSAM
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-3466-9600 FAX:+82-2-3466-9601~2 SUNIL INDUSTRIAL CO., LTD. 542-5, DOGOK 1-DONG, GANGNAM-GU, SEOUL,
KOREA TEL:+82-2-3462-0900 FAX:+82-2-3462-4374 |
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Affiliates-Domestic |
TONG YANG SECURITIES INC.(110111-0042492) TONGYANG CEMENT CONSTRUCTION
CORP.(144611-0012544) TONG YANG CEMENT CORP.(110111-2462630) FIN TUBE TECHNOLOGY CO., LTD.(161511-0037981) TONGYANG REMICON CO., LTD.(110111-0262652) HAN SEUNG REMICON CO., LTD.(124411-0017518) DAMUL JEIHO CORPORATION (144611-0010001) TONG YANG A&D CO., LTD.(110111-3476135) TONG YANG SYSTEMS CORPORATION
(110111-0766703) KT FDS CORPORATION(110111-0696455) TONGYANG ONLINE CO., LTD.(110111-1919608) MICLUB.COM KOREA, LTD.(110111-1846942) NOUVEAU CHEF CO., LTD.(134611-0038609) TONG YANG LEISURE CO., LTD.(160111-0018964) TONG YANG RESORT.CO., LTD.(141311-0010513) TONG YANG LIFE INSURANCE CO., LTD.(110111-0624688) TONG YANG VENTURE CAPITA
CORP.(160111-0017641) TONG YANG CAPITAL CO., LTD.(110111-1142382) TONG YANG FINANCIAL SERVICES
CORP.(110111-2644733) TONGYANG INVESTMENT TRUST MANAGEMENT CO.,
LTD.(110111-2033150) |
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Affiliates-Overseas |
BUKOOK REMICON TONGYANG ASIA SUNDONG REMICON DONGGUN REMICON HWASEO HANIL TEXTILE CO., LTD.(CHINA) HANIL LARRY TEXTILE CO., LTD.(CHINA) PT. HANILINDONESIA HANIL HUNDRAS H.T.C HANIL HONG KONG PT. BUSANA INDAH GLOBAL TONG YANG AMERICA TONG YANG HONG KONG PT MITRA BINTARA PERKASA ORION SQUIRE CAPITAL INC. TONG YANG SAVINGS BANK INC. TONG YANG SECURITIES HONG KONG LTD. TOYO ONLINE JAPAN CO., LTD. TYGEM H.K. CO., LTD. TONG YANG-HPT HIGH TECH TONG YANG SECURITIES (CAMBODIA) PLC. |
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Overseas Office |
TONG YANG AMERICA, INC. 150 EAST 52ND STREET, 25TH FLOOR, NEW YORK,
NY 10022, U.S.A TEL:+1-212-415-1008 FAX:+1-212-415-1010 PT. MITRA BINTARA PERKASA GEDUNG GRAHA PRATAMA LANTAI 11 JI. MT.
HARYONO KAV. 15 JAKARTA 12810, INDONESIA TEL:+62-21-8379-3640~1 FAX:+62-21-8379-3646 BEIJING SHUNTONG READY-MIXED CONCRETE YAOPOCUNXI, RENHEZHEN, SHUNYIQU, BEIJING,
CHINA TEL:+86-10-8940-7962 FAX:+86-10-8940-7982 BEIJING TONGJIAN READY-MIXED CONCRETE 8 HAO JIN ZHAN XIANG PI CUN GONG YE QU CHAO
YANG QU BEIJING, CHINA TEL:+86-10-6548-7577 FAX:+86-10-6548-7595 TONG YANG MAJOR BEIJING OFFICE YAOPOCUNXI, RENHEZHEN, SHUNYIQU, BEIJING,
CHINA TEL:+86-10-8940-7962 FAX:+86-10-8940-7982 |
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Liaison Office |
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Overseas Branch |
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Joint Venture |
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Subsidiary |
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Corporate Ownership |
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Major Shareholders |
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Cooperative Enterprise |
-Insured company HYUNDAI MARINE & FIREINSURANCE CO., LTD.(110111-0035893) MERITZ FIRE & MARINE INSURANCE CO., LTD.(110111-0013328) |
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Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
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There are 14 cases Defendant(s)/
Debtor(s)/ Respondent(s) amounting 35,874,000,000 KRW.
Not Available
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.08 |
|
UK Pound |
1 |
Rs.89.53 |
|
Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.