|
Report Date : |
23.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
HYOSUNG CORPORATION |
|
|
|
|
Registered Office : |
Hyoseong Bldg.450, Gongdeok 2-dong, Mapo-gu, Seoul, Korea 121-805 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
03.11.1966 |
|
|
|
|
Com. Reg. No.: |
105-81-59519 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Wholesale of Non-Specialized Goods |
|
|
|
|
No. of Employees : |
8,034 |
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 : |
Regular |
|
Litigation : |
Exist |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 is currently the world's 12th largest economy.
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. Korea''s export focused economy was
hit hard by the 2008 global economic downturn, but quickly rebounded in
subsequent years, reaching 6.3% growth in 2010. The US-South Korea Free Trade
Agreement was ratified by both governments in 2011 and went into effect in
March 2012. Throughout 2012 the economy experienced sluggish growth because of
market slowdowns in the United States, China, and the Eurozone. The incoming
administration in 2013, following the December 2012 presidential election, is
likely to face the challenges of balancing heavy reliance on exports with
developing domestic-oriented sectors, such as services. 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 |
HYOSUNG CORPORATION (Korean Company Name : “(주)효성”) |
|
Registered Address |
450, Gongdeok 2-dong, Mapo-gu, Seoul,
Korea |
|
Building |
Hyoseong Bldg. |
|
Zip Code |
121-805 |
|
Tel |
+82-2-707-7000 |
|
Fax |
+82-2-707-0130 |
|
E-mail |
elegys@hyosung.com |
|
Website |
www.hyosung.co.kr |
|
Trading Address |
Hyoseong Bldg., 450, Gongdeok 2-dong,
Mapo-gu, Seoul, Korea (New Address System : 119, Mapo-daero,
Mapo-gu, Seoul, Korea) |
|
Tel |
+82-2-707-7000 |
|
Fax |
+82-2-707-0130 |
|
Other Address |
63-7,
Banpo-dong, Seocho-gu, Seoul, Korea (New Address
System : 235, Banpo-daero, Seocho-gu, Seoul, Korea) |
|
Tel |
+82-2-707-6114 |
|
Fax |
|
|
Other Address-Cheongwon Factory |
413-1, Geumho-ri, Buyong-myeon,
Cheongwon-gun, Chungcheongbuk-do, Korea |
|
Tel |
+82-43-277-6070 |
|
Fax |
|
|
Other Address-Changwon Factory
(1) |
454-2, Nae-dong, Changwon-si, Gyeongnam-do
641-050 Korea |
|
Tel |
+82-55-268-9022 |
|
Fax |
|
|
Other Address-Changwon Factory
(2) |
456-6,
Nae-dong, Changwon-si, Gyeongnam-do 641-050 Korea |
|
Tel |
+82-55-268-9022 |
|
Fax |
|
|
Other Address-Changwon Factory
(3) |
456-6, Nae-dong, Changwon-si, Gyeongnam-do
641-050 Korea |
|
Tel |
+82-55-268-9022 |
|
Fax |
|
|
Other Address-Changwon Factory
(4) |
49, Wungnam-dong, Changwon-si, Gyeongnam-do
641-290 Korea |
|
Tel |
+82-55-268-9022 |
|
Fax |
|
|
Other Address-Ulsan Factory |
588, Maeam-dong, Nam-gu, Ulsan 680-060
Korea |
|
Tel |
+82-52-279-2014 |
|
Fax |
|
|
Other Address-Gumi Factory (1) |
169,
Simi-dong, Gumi-si, Gyeongbuk-do 730-340 Korea |
|
Tel |
+82-54-470-9114 |
|
Fax |
+82-54-472-5775 |
|
Other Address-Gumi Factory (2) |
630, Gupo-dong, Gumi-si, Gyeongbuk-do
730-400 Korea |
|
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 Korea |
|
Tel |
+82-31-428-1000 |
|
Fax |
|
|
Other Address-Eonyang Factory |
59,
Bansong-ri, Eonyang-eup, Ulju-gun, Ulsan 689-801 Korea |
|
Tel |
+82-52-255-5114 |
|
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 |
|
Fax |
|
|
Other Address-Yongyeon Factory
(1) |
186,
Seongam-dong, Nam-gu, Ulsan 680-140 Korea |
|
Tel |
+82-52-279-2014 |
|
Fax |
|
|
Other Address-Yongyeon Factory
(2) |
204-1, Seongam-dong, Nam-gu, Ulsan 680-140
Korea |
|
Tel |
+82-52-279-5500 |
|
Fax |
|
|
Other Address-Jochiwon Factory |
518,
Yeongi-ri ,Nam-myeon, Yeongi-gun, Chungnam-do 339-820 Korea |
|
Tel |
+82-41-860-3128 |
|
Fax |
|
|
Other Address-Seoul Office |
3rd Fl., Bangbae Bldg., 1006-2, Bangbae
3-dong, Seocho-gu, Seoul, Korea |
|
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 |
|
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 |
|
Name |
Lee Sang-Woon |
|
Address |
|
|
Date of Birth |
03/18/1952 |
|
Title |
Vice Chairman & COO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
175,587,275,000 |
|||||||||||||||||||||||||||
|
Employees |
8,034 |
|||||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange: 004800) as of 06/30/1973 A Company of Hyosung Business Group |
|||||||||||||||||||||||||||
|
Bank Details |
Woori Bank-Headquarters Hana Bank Korea Development Bank |
|||||||||||||||||||||||||||
|
Corporate Registered No. |
110111-0030497 |
|||||||||||||||||||||||||||
|
Business Registered No. |
105-81-59519 |
|||||||||||||||||||||||||||
|
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 |
|||||||||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||||||||
|
Company History |
2008 Work for the Spandex Plant in Turkey
completed 2008 Work for the Spandex Tire Cord Plant
in Vietnam completed 2008 Acquired Chinhung International, Ltd. 2008 Expanded the Nantong Hyosung
Transformer Co., Ltd. factory in China 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(Qingdao) Co., Ltd
was established in Qingdao, China. 2003 Boading Hyosung Tianwei Transformer
Co., Ltd was established in Huabei Province, China. 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(Guangdong) Co., Ltd
was established in Guangdong Province, China. 2003 Hyosung Film(Jiaxing) Co., Ltd was
established in Zhejiang Province, China. 2002 Hyosung Computer PU and Hyosung Data
System were merged into Nautilus Hyosung. 2002 Took over the tire cord factory of
Michelin in Scotsville, U.S.A. 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 China. |
|||||||||||||||||||||||||||
|
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 Beijing Computer Plant 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 Vietnam 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
China 1994 Established Hyosung Information &
Communications Co., Ltd. 1994 Completed the Jochiwon Plant 1993 Head Office Building moved to
Kongduk-dong, Mapo-gu, Seoul 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 R&D Center 1979 Started producing PET bottle at the
Eonyang Plant 1978 Established Heavy Industry R&D
Center 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 R&D Center 1968 Completed the Ulsan Plant 1967 Completed the tire cord plant in Ulsan 1966 Incorporated as Tongyang Nylon Co.,
Ltd. |
|||||||||||||||||||||||||||
|
|
|
|
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 |
Seoul National University, Korea |
|
President-Int'l Trading |
Mr. |
Cho Hyun-Joon |
Korean |
1968.01.16 |
Yale University, USA |
|
Vice President & CFO |
Mr. |
Jung Yoon-Taik |
Korean |
1955.05.24 |
Yonsei University, Korea |
|
Outside Director |
Mr. |
Bae Ki-Eun |
Korean |
1933.09.10 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Han Min-Koo |
Korean |
1948.07.21 |
Johns Hopkins University, USA |
|
Outside Director |
Mr. |
Ha Young-One |
Korean |
1954.11.02 |
The University of Chicago, USA |
|
Outside Director |
Mr. |
Kim Sang-Hee |
Korean |
1951.01.25 |
Seoul National University, Korea |
|
Outside Director |
Mr. |
Sohn Byung-Doo |
Korean |
1941.08. |
- |
|
Outside Director |
Mr. |
Lee Byung-Joo |
Korean |
1951.10. |
- |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
4,483,321,381,372 |
8,682,614,986,875 |
49,584,850,637 |
|
|
(*)2012 |
9,284,877,549,567 |
8,284,794,074,307 |
192,424,198,752 |
|
(*)2011 |
9,283,304,919,311 |
8,507,119,894,207 |
108,045,215,109 |
|
(*)2010 |
9,283,304,919,311 |
7,661,868,731,826 |
108,045,215,109 |
|
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 |
(*)Figures are based
on the K-IFRS Accounting System.
|
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 |
01/01/2013~03/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Total Assets |
8,682,614,986,875 |
8,284,794,074,307 |
8,507,119,894,207 |
|
Current
Assets |
2,730,528,433,952 |
2,554,361,855,758 |
3,147,442,384,303 |
|
Cash & Cash Equivalents |
184,688,248,748 |
143,396,367,716 |
133,338,664,957 |
|
Trade Receivables & Other
Receivables |
1,436,603,547,481 |
1,322,290,876,240 |
1,745,737,632,282 |
|
Other Receivables |
32,133,797,027 |
28,406,886,203 |
54,554,576,658 |
|
Other Financial Assets |
66,563,424,075 |
113,973,099,683 |
8,331,762,790 |
|
Other Current Assets |
158,920,615,579 |
91,048,185,097 |
106,094,121,078 |
|
Inventories |
851,618,801,042 |
855,246,440,819 |
1,093,395,857,159 |
|
Deferred Income Tax Assets |
0 |
0 |
5,989,769,379 |
|
Non-Current
Assets |
5,952,086,552,923 |
5,730,432,218,549 |
5,359,677,509,904 |
|
Long-Term Trade Receivables &
Other Receivables |
230,710,201,237 |
202,685,162,753 |
176,061,162,559 |
|
Tangibles |
3,246,647,833,674 |
3,179,544,013,209 |
2,959,264,987,324 |
|
Investment_Real Estates |
460,474,739,772 |
439,858,940,683 |
436,514,614,269 |
|
Intangibles |
69,165,588,792 |
32,852,149,403 |
28,117,106,277 |
|
Investment_Related Companies |
1,761,441,811,931 |
1,709,649,281,966 |
1,699,633,056,699 |
|
Non-Current Financial Instruments |
159,950,777,517 |
165,812,070,535 |
60,055,982,776 |
|
Other Non-Current Assets |
23,695,600,000 |
30,600,000 |
30,600,000 |
|
Total
Liabilities |
5,641,475,348,771 |
5,227,705,193,555 |
5,626,344,426,482 |
|
Current
Liabilities |
3,806,286,059,422 |
3,356,511,032,317 |
3,532,979,992,193 |
|
Trade Payables |
1,352,530,768,672 |
1,136,837,043,280 |
1,502,431,252,650 |
|
Other Payables |
105,248,172,306 |
39,958,658,329 |
10,643,353,293 |
|
Short-Term Borrowings |
2,073,912,172,882 |
1,910,801,506,346 |
1,805,588,518,897 |
|
Other Current Financial Debts |
16,210,580,464 |
3,905,638,178 |
20,677,082,911 |
|
Deferred Income Tax Credit |
4,877,217,387 |
63,561,458,464 |
0 |
|
Other Current Liabilities |
253,507,147,711 |
201,446,727,720 |
193,639,784,442 |
|
Non-Current
Liabilities |
1,835,189,289,349 |
1,871,194,161,238 |
2,093,364,434,289 |
|
Long-Term Trade Payables &
Other Payables |
61,919,530,102 |
32,629,900,263 |
38,903,540,552 |
|
Long-Term Borrowings |
1,409,615,761,206 |
1,472,647,033,743 |
1,693,501,689,694 |
|
Provision for Severance &
Retirement |
56,575,553,207 |
41,384,555,070 |
38,527,419,516 |
|
Deferred Income Tax Credit |
296,108,069,647 |
303,477,955,389 |
311,965,916,711 |
|
Other Finance Debts |
1,747,725,470 |
|
|
|
Other Non-Current Liabilities |
9,222,649,717 |
21,054,716,773 |
10,465,867,816 |
|
Capital
Stock |
175,587,275,000 |
175,587,275,000 |
175,587,275,000 |
|
Capital Surplus |
130,826,224,469 |
130,826,224,469 |
130,826,224,469 |
|
Profit Surplus |
2,434,879,562,390 |
2,418,781,498,332 |
2,264,087,511,728 |
|
Others |
299,846,576,245 |
331,893,882,951 |
310,274,456,528 |
|
Total Equity |
3,041,139,638,104 |
3,057,088,880,752 |
2,880,775,467,725 |
|
Liab. & Shareholder’s Equity |
8,682,614,986,875 |
8,284,794,074,307 |
8,507,119,894,207 |
Income
Statement
|
|||
|
Unit : Korean Won |
01/01/2013~03/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Sales |
4,483,321,381,372 |
9,284,877,549,567 |
9,283,304,919,311 |
|
Cost of Sold Goods |
3,951,863,213,822 |
8,376,956,235,340 |
8,255,815,921,543 |
|
Gross Profit |
531,458,167,550 |
907,921,314,227 |
1,027,488,997,768 |
|
Selling & Admin. Expenses |
293,377,833,545 |
601,199,083,784 |
623,017,693,825 |
|
R&D |
59,243,760,775 |
121,271,957,052 |
119,412,849,082 |
|
Operating Income |
178,836,573,230 |
185,450,273,391 |
285,058,454,861 |
|
Other Operating Income |
103,279,328,149 |
249,891,618,715 |
177,927,372,270 |
|
Other Operating Expenses |
77,386,572,022 |
56,693,235,583 |
69,963,154,827 |
|
Finance Income |
112,300,364,351 |
182,191,752,247 |
200,985,304,597 |
|
Finance Expenses |
231,935,960,148 |
240,321,770,537 |
420,486,205,860 |
|
Related Companies Income |
23,899,470,035 |
67,116,954,044 |
17,524,694,548 |
|
Income Before Taxes |
61,194,263,525 |
253,401,684,189 |
155,997,076,493 |
|
Income Taxes Expenses |
11,609,412,888 |
60,977,485,437 |
47,951,861,384 |
|
Net Income |
49,584,850,637 |
192,424,198,752 |
108,045,215,109 |
Cash
Flows
|
|||
|
Unit : Korean Won |
01/01/2013~03/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Operating
Activities Cash Flows |
361,921,742,967 |
711,218,473,331 |
168,207,352,158 |
|
Cash Flows from Operating |
464,029,862,369 |
777,272,832,587 |
338,660,053,931 |
|
Net Income |
-68,856,770,284 |
-763,108,761 |
-128,249,424,536 |
|
Interests Paid |
-57,527,262,249 |
-136,570,871,013 |
-139,526,514,603 |
|
Interests Received |
1,047,667,067 |
3,270,981,806 |
11,610,115,982 |
|
Dividends
Received |
23,228,246,064 |
68,008,638,712 |
85,713,121,384 |
|
Cash
Flows from Investing |
-312,732,251,947 |
-584,249,701,477 |
-882,304,419,189 |
|
Cash
Flows from Financing |
-7,897,609,988 |
-116,911,069,095 |
602,034,613,594 |
|
Increase/Decrease
in Cash |
41,291,881,032 |
10,057,702,759 |
-112,062,453,437 |
|
Cash at
the Beginning of Year |
143,396,367,716 |
133,338,664,957 |
245,401,118,394 |
|
Cash at
the End of Year |
184,688,248,748 |
143,396,367,716 |
133,338,664,957 |
|
Main Products & Services |
POWER & INDUSTRIAL SYSTEMS PG -Power Systems PU -Industrial machinery PU -Hyosung Goodsprings PU -Wind Energy Business Division INDUSTRIAL MATERIALS DIVISION -Tire & Industrial Reinformcements PU -Technical yarn PU -Global Safety Textiles -Interior PU -Aramid Business Divisions -Carbon Business Division CHEMICALS DIVISION -PP/DH PU -Packaging PU -Film PU -TPA PU -Neochem PU -Optical Film PU TEXTILE DIVISION -Spandex PU -Nylon-Polyester Fiber PU -Fabric-Dyeing PU CONSTRUCTION DIVISION -Construction PU -Hyosung EBARA Engineering PU -Chinhung International INT’L TRADING DIVISION INFORMATION & COMMUNICATION Synthetic Fiber, Terephthalic Acid, Financial Automation Systems,
Building Construction Services Brand Name: TOPILENE, CREORA,M2, Baik-Nyeon Ga-Yak |
|
Suppliers |
CAPRO CORPORATION 11 FI., BAEKSANG BLDG., 197-28, GWANHUN-DONG,
JONGNO-KU, SEOUL 110-718 KOREA TEL:+82-2-399-1200 FAX:+82-2-732-4214 INDUSTRY: MANUFACTURE OF OTHER BASIC
ORGANIC CHEMICALS N.E.C. POSCO 1, GOE-DONG, NAM-KU, POHANG-SI,
GYEONGBUK-DO 790-704 KOREA TEL:+82-54-220-0114 FAX:+82-54-220-6000 INDUSTRY: MANUFACTURE OF BASIC IRON AND
STEEL TAIHAN ELECTRIC WIRE CO., LTD. 113-119, SIHEUNG-DONG, GEUMCHEON-KU, SEOUL
153-030 KOREA 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 777-6, UGEUM-RI, GASAN-MYEON, POCHEON-SI,
GYEONGGI-DO 487-813 KOREA TEL:+82-31-544-8384 FAX:+82-31-544-8358 INDUSTRY: MANUFACTURE OF METAL DOORS AND
RELATED ARTICLES |
|
Customers |
ZION FOOD CO., LTD. 770, JUKSEONG-RI, GIJANG-EUP, GIJANG-GUN,
BUSAN 619-906 KOREA TEL:+82-51-721-2150 FAX:+82-51-722-4362 INDUSTRY: MANUFACTURE OF DRY BAKERY
PRODUCTS KOREA ELECTRIC POWER CORPORATION 167, SAMSEONG 1-DONG, GANGNAM-KU, SEOUL
135-882 KOREA TEL:+82-2-3456-3114 FAX:+82-2-3456-4049 INDUSTRY: ELECTRIC POWER GENERATION KOLON TAEKWANG INDUSTRIES KOREA SYNTHETICS DSI HUVIS SAMYANG CORPORATION LOTTE ALMINUM DOOSAN HYUNDAI HEAVY INDUSTRIES MICHELIN BRIDGESTONE HANKOOK TIRE CO., LTD.(110111-0034233) POWER GRID CORPORATION OF INDIA LIMITED HICO AMERICA SALES & TECH INC HYOSUNG JAPAN CO.,LTD HYOSUNG USA INC. JIANGSU JINXUE GROUP CO., LTD. |
|
Competitors |
ABB, SIEMENS, AREVA |
(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 CONTAINER CO., LTD HYOSUNG (H.K) LIMITED HYOSUNG CHEMICAL FIBER (JIAXING) CO., LTD HYOSUNG EUROPE SRL HYOSUNG HOLDINGS USA, INC. HYOSUNG INTERNATIONAL TRADE (JIAXING) CO.,
LTD. HYOSUNG ISTANBUL TEKSTIL LTD.STI HYOSUNG JAPAN CO, LTD. HYOSUNG LUXEMBOURG S.A HYOSUNG BRASIL INDUSTRIAL & COMMERCIAL
LTDA HYOSUNG POWER HOLDINGS, LTD. HYOSUNG RESOURCES(AUSTRALIA) PTY LTD HYOSUNG SINGAPORE PTE LTD. HYOSUNG SPANDEX(GUANGDONG) CO., LTD HYOSUNG SPANDEX (JIAXING) CO., LTD HYOSUNG SPANDEX (ZHUHAI) CO., LTD HYOSUNG BRASIL INDUSTRIA E COMERCIO DE
FIBRAS LTDA HYOSUNG SUMIDEN STEEL CORD (NANJING) CO.,
LTD. HYOSUNG STEELCORD(QINGDAO) CO., LTD SUMIDEN HYOSUNG STEEL CORD (THAILAND) CO.,
LTD HYOSUNG VIETNAM CO., LTD. XEPIX CORP. ZHANGJIAGANG XIAOSHA COIL SERVICE CO., LTD. HYOSUNG CHEMICALS(JIAXING) CO., LTD HYOSUNG WIRE LUXEMBOURG S.A GST GLOBAL GMBH HYOSUNG (TAIWAN) CORPORATION HYOSUNG COMPOSITES (GUANGDONG) CO., LTD HYOSUNG CORPORATION INDIA PRIVATE LIMITED. HYOSUNG SRL HYOSUNG RUS.. CHEMCROSS.COM LIFE POINT INC. MOMUS VENTURES GROUP TRANSLINK CAPTAL PARTNES I, L.P. |
|
Overseas Office |
BEIJING OFFICE ROOM 2208, 22/F, SCITE TOWER #22
JIANGUOMENWAI STREET, BEIJING, CHINA POST CODE: 100004 TEL:+86-10-6512-9692 FAX:+86-10-6512-0031 SHANGHAI OFFICE 1115 SHANGHAI INTERNATIONAL TRADING CENTRE
NO.2200 YAN AN XI ROAD SHANGHAI 200336, P.R.C TEL:+86-21-6209-0123 FAX:+86-21-6209-3008 CHONGQUING OFFICE ROOM NO. 1109, METROPOLITAN TOWER, NO.68
ZOURONG ROAD, YUZHONG DISTRICT, CHONGQING, CHINA TEL:+86-23-6370-3342 FAX:+86-23-6388-0827 MANILA OFFICE 7TH FLOOR, UNIT NO 714, TOWER ONE, AYALA
TRIANGLE, AYALA AVENUE, MAKATI CITY, METRO MANILA, PHILIPPINES TEL:+632-848-6204 FAX:+632-848-6208 QINGDAO OFFICE ROOM NO.911, HOLIDAY INN. QINGDAO NO.76,
XIANGGANG ZHONG LU, QINGDAO, CHINA POST CODE: 266071 TEL:+86-532-575-8071 FAX:+86-532-576-9395 GUANGZHOU OFFICE ROOM NO. 1212-1213, GUANGZHOU WORLD TRADE
CENTER COMPLEX 371-375 HUANSHI DONG ROAD GUANGZHOU, CHINA TEL:+86-20-8778-7998 FAX:+86-20-8778-7898 HANOI OFFICE 27 LY THAI TO ST, ROOM 102 HANOI, VIETNAM TEL:+84-4-8260866 FAX:+84-4-8260888 HOCHIMINH OFFICE 65 NGUYEN DU STREET. 4TH FLOOR 4B1 DISTRICT
1, HOCHIMINH CITY, VIETNAM TEL:+848-8251617 FAX:+848-8231971 BANGKOK OFFICE ROOM NO. 1404, 14TH FLOOR ONE PACIFIC PLACE
142 SUKHUMVIT ROAD, BANGKOK 1011, THAILAND TEL:+66-2-653-2031 FAX:+66-2-653-2030 ISTANBUL OFFICE MECIDIYEKOY IS MERKEZI SEHIT AHMET SOK NO.
4 KAT 7, DAIRE 90-91, PK 80310 ISTANBUL, TURKEY TEL:+90-212-274-4568 FAX:+90-212-272-0627 MILANO OFFICE (2ND PIANO) C.D. MILANOFIORI STRADA 1-PALAZZO E3, 20090.
ASSAGO(MI), ITALY TEL:+39-02-575-10505 FAX:+39-02-57700331 |
|
Subsidiary |
HYOSUNG EBARA CO., LTD. 6TH FL., HYOSUNG BLDG., 450, KONGDUK
2-DONG, MAPO-KU, SEOUL 121-720 KOREA 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, SEOUL 100-813 KOREA 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, SEOUL 135-764 KOREA 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, SEOUL 121-720
KOREA 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, SEOUL 137-850 KOREA 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, SEOUL 137-850 KOREA 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 KOREA 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., PACIFIC TOWER, 942-1, DAECHI
3-DONG, GANGNAM-KU, SEOUL 135-845 KOREA 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 GAYANG TECHNO TOWN 1487 GAYANG-DONG
GANGSEO-KU SEOUL157-793 KOREA 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. |
|
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 EUROPE SRL *HYOSUNG 100% SHARES OF HYOSUNG EUROPE SRL |
|
Cooperative Enterprise |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO., LTD(110111-0005078) |
(Activity &
Markets)
|
Sales/ Unit :Mil KRW |
06/2012 |
2011 |
2010 |
|
Export |
3,577,348 |
7,044,110 |
6,304,173 |
|
Domestic |
1,100,736 |
2,239,195 |
1,894,794 |
|
Total |
4,678,084 |
9,283,305 |
8,198,967 |
The Subject deals with the companies in Asia, Africa and America
including China, India and USA.
|
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 |
Kwang Myung City |
Claim for Receivables-Construction |
1,631 |
1st Round Proceeding |
|
|
Changwon District Court-Tongyoung Branch |
The Subject Company |
Tongyoung City |
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 |
Kwang Myung City |
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 |
|
|
Seoul High Court |
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 |
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.42 |
|
|
1 |
Rs.102.09 |
|
Euro |
1 |
Rs.87.32 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.