MIRA INFORM REPORT

 

 

Report Date :

31.03.2012

 

IDENTIFICATION DETAILS

 

Name :

HYUNDAI CORPORATION

 

 

Registered Office :

11th FI., Hyundai Bldg. 140-2, Gye-dong, Jongno-gu, Seoul, Korea 110-793

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

12.08.1976

 

 

Com. Reg. No.:

101-81-16269

 

 

Legal Form :

Listed Company

 

 

Line of Business :

Wholesale of Non-Specialized Goods

 

 

No. of Employees :

337

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

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 – September 30, 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

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Basic Information

 

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

sunnyshin@hyundaicorp.com ;ship@hyundaicorp.com; leekh@hyundaicorp.com

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

Jung Mong-Hyuck

Address

-

Date of Birth

07/29/1961

Title

Chairman & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

111,649,010,000

Employees

337

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

Name

Shares

%

HYUNDAI HEAVY INDUSTRIES CO., LTD.(181211-0000386)

4,992,782

22.36

KCC CORPORATION(110111-0221814)

2,679,576

12.00

JUNG MONG-HYUCK

1,852,694

8.30

HYUNDAI WELDING CO., LTD.(110111-0185193)

446,596

2.00

HYUNDAI DEVELOPMENT CO. - ENGINEERING & CONSTRUCTION(110111-0279433)

446,596

2.00

MANDO CORPORATION(131311-0030042)

446,596

2.00

OTHERS

11,464,962

51.34

TOTAL

22,329,802

100.00

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 Jung-Rae

Korean

-

-

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

Outside Director

Mr.

(*)Kim Jae-Il

Korean

-

UC Berkeley, USA

Auditor

Mr.

Kim You-Beom

Korean

1955.08.22

Korea Exchange Bank

(*)Kim Jung-Rae and (*)Kim Jae-Il are inaugurated as of 03/23/2012.

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

(*)2011

5,030,784,326,349

1,756,463,961,234

67,571,533,921

(*)2010

3,633,796,315,916

1,383,322,211,300

43,089,468,691

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

(*)2010 and 2011 ‘s figures are based on the K-IFRS Accounting System.

 

 

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

As of 12/31/2011

As of 12/31/2010

As of 12/31/2009

Total Assets

1,756,463,961,234

1,383,322,211,300

 

Current Assets

1,353,650,403,598

1,087,804,354,999

 

Cash & Cash Equivalents

204,709,336,478

66,562,785,625

 

Current Financial Instruments

5,172,859,544

40,000,000,000

 

Other Current Financial Instruments

-

900,000

 

Trade Receivables

858,140,236,875

702,790,109,821

 

Inventories

130,235,116,886

246,575,131,834

 

Other Current Receivables

22,281,387,767

7,539,366,688

 

Other Current Assets

132,634,283,134

23,014,196,665

 

Income Taxes

-

827,664,700

 

Derivatives

477,182,914

494,199,666

 

Non-Current Assets

402,813,557,636

295,517,856,301

 

Non-Current Financial Instruments

27,581,333

200,440,877

 

Marketable Financial Instruments

105,173,196,116

5,676,025,234

 

Held-to-Maturity Financial Assets

3,000

2,351,212,768

 

Investment_Related Companies

71,353,819,083

64,362,698,664

 

Long-Term Loans

58,932,686,122

46,198,606,388

 

Resources Development

105,554,510,734

110,142,747,775

 

Tangibles

2,945,847,511

1,987,294,949

 

Intangibles

55,864,644,445

52,893,322,081

 

Other Non-Current Assets

2,961,269,292

2,854,548,780

 

Deferred Income Tax Assets

-

8,850,958,785

 

Total Liabilities

1,429,714,831,371

1,192,112,709,920

 

Current Liabilities

1,290,909,351,755

1,081,158,914,318

 

Trade Payables

560,233,138,385

548,087,306,921

 

Account Payables

88,174,002,054

41,538,244,481

 

Advance Receipts

140,733,326,978

68,512,451,232

 

Short-Term Borrowings

437,244,088,537

365,486,425,575

 

Current Borrowings

49,131,413,675

48,010,779,520

 

Current Portion of Provisions

701,136,538

4,609,721,329

 

Other Current Liabilities

4,791,167,520

4,483,857,175

 

Income Taxes

9,483,740,014

-

 

Derivatives

417,338,054

430,128,085

 

Non-Current Liabilities

138,805,479,616

110,953,795,602

 

Debentures

49,884,078,084

49,814,034,822

 

Long-Term Borrowings

67,390,970,535

56,144,458,681

 

Confirmed Salaries

4,195,954,267

1,969,058,345

 

Provisions

2,745,448,972

3,026,243,754

 

Deferred Income Tax Credit

14,589,027,758

-

 

Capital Stock

111,649,010,000

111,649,010,000

 

Others

-15,172,087,266

-15,172,104,647

 

Installments

76,457,736,219

622,440,000

 

Profit Surplus

153,814,470,910

94,110,156,027

 

Total Equity

326,749,129,863

191,209,501,380

 

Liab. & Shareholder’s Equity

1,756,463,961,234

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

 

 

Income Statement

 

Unit : Korean Won

As of 12/31/2011

As of 12/31/2010

As of 12/31/2009

Sales

5,030,784,326,349

3,633,796,315,916

 

Cost of Sold Goods

-4,889,592,754,282

-3,522,520,397,812

 

Gross Profit

141,191,572,067

111,275,918,104

 

Selling & Admin. Expenses

-67,038,536,525

-55,770,413,587

 

Other Operating Income

177,890,021,966

131,714,524,732

 

Other Operating Expenses

-164,149,732,810

-132,787,563,342

 

Operating Income

87,893,324,698

54,432,465,907

 

Other Losses

-1,333,646,425

-

 

Finance Income

42,173,925,141

10,788,639,664

 

Finance Expenses

-50,067,760,784

-17,880,934,435

 

Income Before Taxes

78,665,842,630

47,340,171,136

 

Income Taxes Expenses

-11,094,308,709

-4,250,702,445

 

Net Income

67,571,533,921

43,089,468,691

 

 

 

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

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

As of 12/31/2011

As of 12/31/2010

As of 12/31/2009

Operating Activities Cash Flows

58,208,748,608

-147,542,168,626

 

Cash Flows from Operating

35,791,442,802

-165,635,112,825

 

Net Income

67,571,533,921

43,089,468,691

 

Adjustment

7,421,421,594

19,469,382,575

 

Changes in Asset/ & Liability

-39,201,512,713

-228,193,964,091

 

Interests Received

2,711,318,757

6,031,576,117

 

Interests Paid

-15,071,235,448

-16,248,795,054

 

Dividends Received

36,452,801,885

28,719,194,716

 

Income Taxes

-1,675,579,388

-409,031,580

 

Cash Flows from Investing

3,065,658,272

-49,173,317,327

 

Cash Flows from Financing

76,341,409,442

143,705,198,589

 

Increase/Decrease in Cash

137,615,816,322

-53,010,287,364

 

Cash at the Beginning of Year

66,562,785,625

119,573,072,989

 

Cash at the End of Year

204,709,336,478

66,562,785,625

 

 

 

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).

 

 

Affiliates-Domestics

RELATED PARTIES

(SUBSIDIARIES, JOINT-VENTURE & AFFILIATES)

 

 

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

09/2011

2010

2009

Export

3,792,625,000,000

3,569,664,000,000

2,441,749,926,123

Domestic

111,528,000,000

64,132,000,000

92,230,503,029

Others

-

-

43,568,081,926

Total

3,904,153,000,000

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

 

Tax tribunal, Korea

Seoul District National Tax Service

The subject

 

Cancellation on Imposed taxes

52,000,000,000 KRW

Proceeding

There are 4 cases filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting USD 20,163,000 and 100,000,000 KRW.

 

 

News Clipping

 

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FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.15

UK Pound

1

Rs.81.80

Euro

1

Rs.68.34

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.