|
Report Date : |
19.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
HYUNDAI STEEL COMPANY |
|
|
|
|
Registered Office : |
1, Songhyeon 3-dong, Dong-gu, Incheon, Korea (P.O.BOX 12), Zip Code 401-800 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
01.09.1964 |
|
|
|
|
Com. Reg. No.: |
121-81-10385 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacturer of Basic Iron and Steel |
|
|
|
|
No. of Employees : |
8887 employees |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
HYUNDAI STEEL COMPANY (Korean Company Name : “현대제철(주)”) |
|
Registered Address |
1, Songhyeon 3-dong, Dong-gu, Incheon, Korea
(P.O.BOX 12) |
|
Zip Code |
401-800 |
|
Tel |
+82-32-760-2114 |
|
Fax |
+82-32-760-2813 |
|
E-mail |
js_choi@hyundai-steel.com;johwang@inisteel.com.sg;johwang@hyundai-steel.com |
|
Website |
|
|
Trading Address |
231, Yangjae-dong, Seocho-gu, Seoul, Korea |
|
Tel |
+82-2-3464-6114 |
|
Fax |
+82-2-3464-6100 |
|
Other Address-Danjin Factory |
167-32, Godae-ri, Songak-myeon,
Dangjin-gun, Chungcheongnam-do, Korea |
|
Tel |
+82-41-351-5114 |
|
Fax |
+82-41-356-5249 |
|
Other Address-Pohang Factory |
444, Songnae-dong, Nam-gu, Pohang-si, Gyeongsangbuk-do, Korea |
|
Tel |
+82-54-271-1114 |
|
Fax |
+82-54-271-1241 |
|
Other Address-Sales Office |
6, Sinmunno 2-ga, Jongno-gu, Seoul, Korea |
|
Tel |
+82-2-772-2114 |
|
Other Address-Daegu Office |
481-1, Yuram-dong, Dong-gu, Daegu, Korea |
|
Tel |
+82-53-962-0602 |
|
Other Address-Gwangju Sales Office |
704-9, Jungheung 1-dong, Buk-gu, Gwangju, Korea |
|
Tel |
+82-62-511-8404 |
|
Other Address-Busan Sales Office |
947-4, Gamjeon-dong, Sasang-gu, Busan, Korea |
|
Tel |
+82-51-313-4071 |
|
Other Address-Daejeon Sales Office |
1675-3, Sinil-dong, Daedeok-gu, Daejeon, Korea |
|
Tel |
+82-42-934-5071 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Basic Iron and Steel |
|
Main Business |
Beam, Deformed Bar, Steel Casting Ingot, Roll, STS, Round Bar |
|
Established (mm/dd/yyyy) |
09/01/1964 |
The Subject owns the premises of registered HQ address(926,907㎡), Danjin Factory(2,448,023㎡) and Pohang Factory(720,172㎡).
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Steel(11101704) - Hull casting, industrial casting |
|
Sell |
Stainless steel plate(30102205) |
|
Sell |
Metal working machinery attachments(23172000) |
|
Sell |
Iron bars(30101603) |
|
Sell |
Iron bars(30101603) |
|
Sell |
Steel channels(30101804) |
|
Sell |
Steel beams(30101704) |
|
Sell |
Rails(30103100) |
|
Sell |
Industrial process machinery and equipment and supplies(23150000) |
|
Sell |
Channels(30101800) |
|
Sell |
Beams(30101700) |
|
Sell |
Angles(30101500) |
|
Name |
Park Seung-Ha |
|
Address |
- |
|
Date of Birth |
04/19/1951 |
|
Title |
Vice Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
426,572,375,000 |
|||||||||||||||||||||
|
Employees |
8,887 |
|||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange :
004020) as of 05/1987 A Company of HYUNDAI MOTOR COMPANY GROUP |
|||||||||||||||||||||
|
Bank Details |
S.C First Bank of Korea-Seosomun Branch |
|||||||||||||||||||||
|
Corporate Registered No. |
120111-0001743 |
|||||||||||||||||||||
|
Business Registered No. |
121-81-10385 |
|||||||||||||||||||||
|
Permit & Licenses |
08/1987 JIS Mark 06/1988 KS Mark 05/1994 ISO 9002 11/20/2002 ISO 9001 10/2003 ISO 14001 08/2005 KS Mark 12/2005 CE Mark 01/19/2006 CE Mark08/2009 CE Mark(Dangjin
Factory) 03/2009 ISO9001, ISO14001, OHSAS18001 BSI Int’l Trade No.: 720579 |
|||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||
|
Company History |
08/2008 Completed
conversion of Incheon 50-ton electric arc furnace into ingot production plant 05/2008 Completed
renewal of Incheon 70-ton electric arc furnace 12/2007 Singed
an agreement for steelmaking operational technology cooperation with
ThyssenKrupp Steel (TKS) 06/2007 Completed
A hot rolled steel 210mm slab casting facilities in Dangjin plant 04/2007 Signed
an agreement to provide shaft furnace facilities (Paul Wurth, Luxemburg) 10/2006 Ground-breaking
ceremony for integrated steel mills 10/2006 Changed
company name from INI STEEL to HYUNDAI STEEL Company 05/2005 Commercial
operation A line rolling steel mill in Dangjin 03/2005 Test
operation A line rolling steel mill in Dangjin 12/2004 Closed
First melting shop in Pohang (Annual production: 300,000 tons) 11/2004 Awarded
$700 Million Export Tower 11/2004 Received
award for the price of Environment Management in National Quality Management
Festival 11/2004 Obtained
ISO 14001 Certification in Pohang Factory 10/2004 Merged
with Hanbo Steel Co., Ltd. 06/2003 Published
the Hyundai INI Steel's History book for 50's years 11/2002 Closed
70 t melting s hop in Incheon (Annual Capacity: 700,000 tons) 11/2002 Introduced
Self-Observant fair Trade program 07/2002 Issed
U$ 130 million in exchangeable company bonds through GDR 06/2002 Proclaimed
ethics management 12/2001 Closed
rolling steel mill in Incheon (Annual production: 336,000 tons) 11/2001 Awarded
$500 Million Export Tower 10/2001 Instituted
Efficiency Society: Received award for Best Company in Meta and Nonmetals at the
2001 Korea HR Conference and Exposition 07/2001 Changed
name to INI STEEL Company 04/2001 Closed
No.2 Medium Section Rolling Mill in Pohang (Annual Capacity: 96,000 tons) 04/2001 Incorporation
into Hyundai Motors Group 12/2000 Merged
with Sammi Steel Co., Ltd. |
|||||||||||||||||||||
|
Company History |
08/1999 Certificate
Y2K 03/1998 Commissioned
120 Ton D.C.E.A.F & new Medium Section Mill 09/1997 Constructed
Technology Research Institute 12/1994 Commissioned
90 Ton Electric Arc furnance & No. 2 Bar Mill 05/1994 Acquired
ISO 9002 Certification 12/1993 Revamped
Blooming & Medium Section mill 01/1992 Commissioned
80 Ton Electric Arc Furance & Expanded Wide Range Beam Mill Capacity to
1.1 Million Tons 09/1990 Commissioned
No.2 Stainless Steel Cold Rolling Mill (120,000 tons capacity annually) 03/1990 Commissioned
No.1 Stainless Steel Cold Rolling Mill (50,000 tons capacity annually) 02/1987 Revamped
30 Ton Electric Arc furnance into 40 Ton Furnce 05/1987 Listed
on the Korea Stock Exchange 02/1986 Revamped
Continuous Merchant Bar Mill 01/1986 Revamped
60 Ton Electric Arc Funance 02/1985 Revamped
wire rod block mill 02/1983 Commissioned
Steel Casting Shop for Steel casting & ingots for forging 03/1982 Commissioned
Heavy section Mill & 70 Ton Electric Arc Funace 03/1979 Commissioned
60 Ton Electric Arc Funance 06/1978 Incorporated
Hyundai Group 05/1975 Commissioned
Small Section Mill 11/1973 Commissioned
Wire Rod Mill 07/1973 Commissioned
40 Ton Electric Arc funance (2 units) 05/1972 Commissioned
Continuous Merchant Bar Mill 05/1970 Merged
with Inchon Industry Company, Ltd. 09/1964 Established
as Inchon Iron & Steel Company 11/1962 Changed
the company's name to Inchon Heavy Industry Company, Ltd. 12/1959 Commissioned
Blooming & Medium Section Mill 06/1953 Established
as Korea Heavy Industry Corporation |
|||||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Group Chairman |
Mr. |
Chung Mong-Ku |
Korean |
1938.03.19 |
Hanyang
University, Korea |
|
Vice Chairman & CEO |
Mr. |
Park Seung-Ha |
Korean |
1951.04.19 |
Hanyang
University, Korea |
|
Vice Chairman & CEO |
Mr. |
Chung Eui-Sun |
Korean |
1970.10 |
San
Francisco University, USA |
|
President
& CEO |
Mr. |
Woo
Yoo-Cheol |
Korean |
1957.07.17 |
Seoul National
University, Korea |
|
Vice President |
Mr. |
Kang Hak-Seo |
Korean |
1955.02.28 |
Youngnam University, Korea |
|
Outside Director |
Dr. |
Jeon
Hyung-Soo |
Korean |
1953.04.27 |
New
York State University, USA |
|
Outside Director |
Dr. |
Sung
Nak-Il |
Korean |
1959.12 |
Korea University, Korea |
|
Outside Director |
Dr. |
Min
Dong-Joon |
Korean |
1956.07.20 |
Tokyo
University, Japan |
|
Outside Director |
Dr. |
Kim Seung-Do |
Korean |
1956.10.09 |
Seoul
National University, Korea |
|
Outside Director |
Mr. |
Oh Jung-Seok |
Korean |
1970.09.30 |
MIT, USA |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)09/2012 |
10,817,823,125,359 |
22,572,659,094,670 |
574,802,772,033 |
|
(*)2011 |
15,259,909,222,033 |
21,691,656,675,401 |
735,256,431,701 |
|
(*)2010 |
10,198,164,561,393 |
19,829,122,120,525 |
906,150,728,142 |
|
2009 |
7,966,443,736,943 |
15,580,398,956,914 |
1,151,997,454,370 |
|
2008 |
10,502,957,223,763 |
11,739,760,625,706 |
822,540,281,923 |
|
2007 |
7,382,842,298,631 |
8,833,138,697,677 |
519,775,499,180 |
|
2006 |
5,481,241,197,064 |
7,023,616,603,274 |
473,542,825,761 |
|
2005 |
5,050,730,628,233 |
6,395,983,933,795 |
1,032,068,630,015 |
|
2004 |
5,049,255,083,548 |
5,707,038,400,357 |
475,971,425,888 |
(*)Figures are based
on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
1,500,000,000,000 |
|
Paid-Up Capital(KRW) |
426,572,375,000 |
|
Total Issues Shares |
85,314,475 |
Balance
Sheet
|
|||
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Total Assets |
22,572,659,094,670 |
21,691,656,675,401 |
19,829,122,120,525 |
|
Current
Assets |
5,855,191,088,275 |
6,561,707,231,533 |
5,938,648,768,017 |
|
Cash & Cash Equivalents |
695,864,031,985 |
980,157,717,959 |
1,009,507,084,122 |
|
Current Financial Instruments |
345,964,828,280 |
446,576,647,846 |
460,890,056,344 |
|
Trade Receivables & Other
Receivables |
2,119,246,228,908 |
2,528,921,820,617 |
2,135,414,119,185 |
|
Inventories |
2,535,804,802,340 |
2,534,608,210,959 |
2,277,041,552,424 |
|
Derivatives |
4,940,896,277 |
|
276,829,665 |
|
Other Financial Assets |
5,845,764,814 |
4,958,674,393 |
4,429,479,672 |
|
Other Current Assets |
147,524,535,671 |
66,484,159,759 |
51,089,646,605 |
|
Non-Current
Assets |
16,717,468,006,395 |
15,129,949,443,868 |
13,890,473,352,508 |
|
Marketable Financial Instruments |
1,924,844,057,541 |
1,817,711,521,641 |
1,778,624,388,585 |
|
Investment_Related Companies |
177,527,197,101 |
152,877,197,101 |
126,777,197,101 |
|
Investment_Subsidiaries |
24,963,561,297 |
24,963,561,297 |
24,963,561,297 |
|
Investment_Real Estates |
193,277,619,937 |
193,510,786,357 |
194,340,033,127 |
|
Tangibles |
14,125,563,738,556 |
12,690,148,354,406 |
11,583,344,405,800 |
|
Intangibles |
144,384,331,287 |
116,496,995,248 |
74,952,179,596 |
|
Derivatives |
|
9,696,314,645 |
11,832,338,932 |
|
Other Financial Assets |
126,907,500,676 |
124,544,713,173 |
95,639,248,070 |
|
Total
Liabilities |
12,873,427,879,402 |
12,602,131,348,906 |
11,413,692,418,223 |
|
Current
Liabilities |
6,095,867,147,468 |
6,326,733,042,721 |
5,654,392,562,506 |
|
Trade Payables & Other
Payables |
2,011,773,293,253 |
1,869,104,116,157 |
1,897,441,829,076 |
|
Short-Term Borrowings |
2,304,877,404,620 |
3,081,133,080,672 |
2,481,702,208,966 |
|
Current Portion of Debenture |
709,517,138,112 |
369,952,164,042 |
754,564,907,338 |
|
Current Portion of Long-Term
Debts |
973,390,253,550 |
889,711,094,689 |
377,438,508,604 |
|
Accrued Income Tax |
51,422,378,565 |
77,525,452,071 |
89,230,832,194 |
|
Derivatives |
2,985,217,428 |
|
|
|
Other Current Liabilities |
41,901,461,940 |
39,307,135,090 |
54,014,276,328 |
|
Non-Current
Liabilities |
6,777,560,731,934 |
6,275,398,306,185 |
5,759,299,855,717 |
|
Debentures |
3,137,934,729,905 |
2,865,990,403,368 |
1,894,924,930,062 |
|
Long-Term Borrowings |
3,085,767,768,567 |
2,896,952,746,930 |
3,370,624,968,076 |
|
Derivatives |
18,246,420,568 |
20,066,734,484 |
14,997,421,420 |
|
Other Non-Current Financial Debts |
1,291,241,947 |
1,571,106,932 |
2,044,913,875 |
|
Provision for Severance &
Retirement |
33,934,556,797 |
56,492,181 |
38,970,254,998 |
|
Deferred Income Tax Credit |
500,386,014,150 |
490,760,822,290 |
437,737,367,286 |
|
Capital
Stock |
426,572,375,000 |
426,572,375,000 |
426,572,375,000 |
|
Capital Surplus |
319,864,963,105 |
319,864,963,105 |
307,992,668,115 |
|
Profit Surplus |
7,637,235,495,807 |
7,104,575,471,274 |
6,436,686,429,269 |
|
Others |
1,332,745,889,021 |
1,255,700,024,781 |
1,264,140,179,285 |
|
Treasury Stock |
-17,187,507,665 |
-17,187,507,665 |
-19,961,949,367 |
|
Total Equity |
9,699,231,215,268 |
9,089,525,326,495 |
8,415,429,702,302 |
|
Liab. & Shareholder’s Equity |
22,572,659,094,670 |
21,691,656,675,401 |
19,829,122,120,525 |
Income
Statement
|
|||
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Sales |
10,817,823,125,359 |
15,259,909,222,033 |
10,198,164,561,393 |
|
Cost of Sold Goods |
9,704,897,272,136 |
13,446,319,209,888 |
8,701,827,476,591 |
|
Gross Profit |
1,112,925,853,223 |
1,813,590,012,145 |
1,496,337,084,802 |
|
Selling & Admin. Expenses |
405,242,560,956 |
535,298,538,937 |
440,738,410,793 |
|
Other Income |
62,772,740,501 |
121,749,628,078 |
56,658,670,564 |
|
Other Operating Expenses |
48,689,793,684 |
93,321,318,652 |
58,121,008,385 |
|
Operating Income |
721,766,239,084 |
1,306,719,782,634 |
1,054,136,336,188 |
|
Finance Income |
221,731,964,100 |
185,530,850,398 |
248,796,108,091 |
|
Finance Expenses |
283,397,768,068 |
598,615,868,220 |
284,782,083,913 |
|
Income Before Taxes |
660,100,435,116 |
893,634,764,812 |
1,018,150,360,366 |
|
Income Taxes Expenses |
85,297,663,083 |
158,378,333,111 |
111,999,632,224 |
|
Net Income |
574,802,772,033 |
735,256,431,701 |
906,150,728,142 |
Cash
Flows
|
|||
|
Unit : Korean Won |
01/01/2012~09/30/2012 |
As of 12/31/2011 |
As of 12/31/2010 |
|
Operating
Activities Cash Flows |
1,390,119,022,143 |
826,629,527,838 |
-533,757,284,150 |
|
Cash Flows from Operating |
1,702,325,272,688 |
1,265,422,674,372 |
-125,318,532,682 |
|
Net Income |
574,802,772,033 |
735,256,431,701 |
906,150,728,142 |
|
Changes in Asset/ & Liability |
365,754,678,946 |
-841,126,878,687 |
-1,664,617,025,153 |
|
Interests Received |
36,246,135,323 |
61,618,260,072 |
68,256,423,737 |
|
Dividends Received |
20,973,852,639 |
18,010,504,218 |
20,100,856,478 |
|
Interests Paid |
-243,052,937,648 |
-360,798,353,581 |
-192,365,695,011 |
|
Income Taxes |
-126,373,300,859 |
-157,623,557,243 |
-304,430,336,672 |
|
Cash
Flows from Investing |
-1,833,558,004,754 |
-1,866,354,384,957 |
-1,478,384,699,281 |
|
Cash Inflow from Investing |
1,509,114,432,792 |
2,152,021,513,600 |
2,632,928,619,423 |
|
Cash Outflows for Investing |
-3,342,672,437,546 |
-4,018,375,898,557 |
-4,111,313,318,704 |
|
Cash
Flows from Financing |
159,145,296,637 |
1,010,375,490,956 |
2,193,006,491,234 |
|
Cash Inflows from Financing |
4,806,933,025,109 |
4,670,774,030,264 |
4,705,579,138,500 |
|
Cash Outflows from Financing |
-4,647,787,728,472 |
-3,660,398,539,308 |
-2,512,572,647,266 |
|
Increase/Decrease
in Cash |
-284,293,685,974 |
-29,349,366,163 |
180,864,507,803 |
|
Cash at
the Beginning of Year |
980,157,717,959 |
1,009,507,084,122 |
828,642,576,319 |
|
Cash at
the End of Year |
695,864,031,985 |
980,157,717,959 |
1,009,507,084,122 |
|
Main Products & Services |
LONG STEEL Reinforcing Bars Wide Flange Beams Steel Shapes FLAT STEEL Hot Rolled Coil / Plate Cold Rolled Stainless Steel HEAVY MACHINERY etc. Rolls Casted Products & Ingots Track Shoes, etc. |
|
Detailed Products Spec. |
The Incheon
factory has a total area of 280,000 pyeong with the production capacity for
4.04 million tons of steel and 4.30 million tons of rolling. The industrial water
used at the Incheon factory is brought up from the Gajwa Water Treatment
Center and uses 5 million tons annually, making it a company that acts upon
environment-friendly management. The Incheon north harbor which is currently
under construction is composed of 2 50 thousand ton steel pier terminals and
is due to be completed by the end of 2006. The Pohang
factory has a total area of 200,000 pyeong with the production capacity for
3.01 million tons of steel and 2.6 million tons of rolling. The Pohang Factory's
portfolio varies from H-shaped steel columns and bars, round-shaped steel,
castings, steel structures, etc. Moreover, it is the only factory in Korea
that can supply both regular rails and express train rails. The Dangjin
Factory spans over 1.2 million pyeong of land and is divided largely into
districts A and B. A-District uses a 1.2 million ton steel bar factory and
iron scrap as its raw materials annually to produce hot-rolled steel plates
at A hot-roll Factory and B-district is composed of 2 million tons annually
at B hot-Rolling Mill. Currently, the Dangjin Factory is composed of 1 50,000
ton terminal and 1 30,000 ton terminal at A-district and plans to add 1
50,000 ton and 1 30,000 ton terminals are in the process of promotion. Once
the A and B hot rolling factories are in normal operation in 2007, it will
become a factory with the capacity to produce 5 million tons annually. Constructed in July 2000 through investments in China, the Chingtao Factory spans across
23,630 pyeong and is a factory with assembly capacity for 12,000
Excavator-use T/ASS'Y and 70,000 sets of Rollers. |
|
Suppliers |
RIO TINTO(AUSTRALIA) VALE(BRAZIL) BHPB(AUSTRALIA) SIMS(USA) POSCO(4611-0000741) |
|
Customers |
Sales Channel -Domestic Indirect Sales: Factory → Distributors → End-User Direct sales: Factory → End-User -Export Local : Factory → General
Int'l Trading Companies → End-User Direct : Factory → End-User Payment Term Domestic: Cash & Credit with 90~120
days Export: Irrevocable L/C/Local L/C FOB/CNF
Condition PUBLIC PROCUREMENT SERVICE, KOREA |
|
Competitors |
POSCO(174611-0000741) DONGBU STEEL CO., LTD.(110111-0393308) UNION STEEL CO., LTD.(110111-0041501) SEAH STEEL CORPORATION(110111-0118996) HUSTEEL CO.,LTD.(110111-0077283) The Subject accounts for 68.0%(H-Beam) and
36.8%(Steel Pipe) in terms of Domestic M/S. |
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
HYUNDAI MOTOR COMPANY(110111-0085450) KIA MOTORS CORPORATION(110111-0037998) HYUNDAI MOBIS CO., LTD.(110111-0215536) HYUNDAI AUTONET CO., LTD.(134411-0015057) DYMOS INC.(161411-0008562) KEFICO(110111-0543169) HYUNDAI POWERTECH CO., LTD.(161411-0009403) WORLD INDUSTRIES ACE CORP.(194211-0000125) WISCO(194211-0000084) METIA CORPORATION(194211-0000068) IHL CORPORATION(171211-0007722) AUTOMOBILE INDUSTRIAL ACE CO.,
LTD.(135011-0029352) M. SEAT CO., LTD.(110111-2410366) PARTECS CO., LTD.(161411-0015955) SAMWOO CO., LTD.(134511-0003480) HYUNDAI HYSCO(110111-0302416) HYUNDAI STEEL COMPANY(120111-0001743) BNG STEEL CO., LTD.(110111-0065395) HMC INVESTMENT SECURITIES CO.,
LTD.(110111-0019962) HYUNDAI CAPITAL SERVICES,
INC.(110111-0995378) HYUNDAI COMMERCIAL INC.(110111-3646697) HYUNDAI CARD CO., LTD.(110111-0377203) HAEVICHI RESORT CO., LTD(224111-0006681) HAEVICHI COUNTRY CLUB CO.,
LTD.(110111-0616049) GLOVIS CO., LTD.(110111-2177388) AUTOEVER SYSTEMS
CORPORATION(110111-1935638) M&SOFT CO., LTD.(110111-1620239) N.G.V(110111-2094201) CARNES CO., LTD.(134111-0134001) HYUNDAI-ROTEM COMPANY(194211-0036336) SEOUL METRO LINE NINE
CORPORATION(110111-3134048) MAINTRANS COMPANY(110111-3920520) KIA TIGERS CO., LTD.(200111-0003883) ASSET MANAGEMENT CO., LTD(110111-2622242) INNOCEAN WORLDWIDE INC(110111-3229097) CORENTEC. CO., LTD.(110111-1983653) JONGRO HAKPYUNG CO., LTD.(110111-0171225) JONGRO ACADEMY(110111-0109060) |
|
Affiliates-Overseas |
HYUNDAI MOTOR INDIA LTD. HYUNDAI-ASSAN OTOMOTIV SANAYI VE TICARET
A.S. BEIJING HYUNDAI MOTOR COMPANY BEIJING JINXIAN MOTOR SAFEGUARD SERVICE
CO., LTD HYUNDAI TRANSLEAD HYUNDAI MOTOR MANUFACTURING ALABAMA STAMPED METAL AMERICAN RESEARCH TECHNOLOGY,
INC HYUNDAI MOTOR POLAND HYUNDAI MORTOR COMPANY AUSTRALIA PTY LTD. HYUNDAI MOTOR JAPAN CO., LTD HYUNDAI MOTOR AMERICA, INC. HYUNDAI MOTOR FINANCE COMPANY WORLD MARKETING GROUP HYUNDAI MOTOR EUROPE GMBH HYUNDAI AUTO CANADA CAPTIVE INSURANCE LTD GLOBAL ENGINE ALLIANCE LLC GLOBAL ENGINE MANUFACTURING ALLIANCE LLC HYUNDAI AMERICA TECHNICAL CENTER INC. HYUNDAI MOTOR JAPAN R&D CENTER INC. HYUNDAI DE MEXICO S.A. HYUNDAI RIO VISTA, INC CHINA MILLENNIUM CORPORATION Ⅰ CHINA MILLENNIUM CORPORATION Ⅱ CHINA MILLENNIUM CORPORATION Ⅲ BEIJING HINES MILLENIUM REAL ESTATE
DEVELOPMENT CO. HYUNDAI MOTOR GROUP (CHINA) LTD HYUNDAI MOTOR HUNGARY HYUNDAI MOTOR EUROPE TECHNICAL CENTER GMBH HYUNDAI MOTOR NORWAY AS HYUNDAI INFORMATION SERVICE NORTH AMERICA HYUNDAI MOTOR UK LIMITED KIA MOTORS AMERICA INC. KIA CANADA INC. KIA MOTORS DEUTSCHLAND GMBH KIA MOTORS EUROPE GMBH. KIA MOTORS POLSKA SP.Z O.O. |
|
Affiliates-Overseas |
KIA MOTORS UNITED KINGDOM LTD KIA MOTORS AUSTRIA GMBH KIA MOTORS BELGIUM GMBH KIA MOTORS HUNGARY GMBH KIA MOTORS CZECH GMBH KIA MOTORS SWEDEN AB(KMSW) KIA MOTORS IBERIA S.L(KMIB) KIA MOTORS FRANCE SAS KIA MOTORS SLOVAKIA S.R.O(KMS) DONGFENG YUEDA KIA MOTOR CO., LTD KIA JAPAN CO., LTD. KIA MOTORS AUSTRALIA PTY LTD KIA MOTORS SALES SLOVENSKO S.R.O KIA MOTORS NEW ZEALAND LTD SHANGHAI HYUNDAI MOBIS AUTOMOTIVE PATRS
CO., LTD. JIANGSU MOBIS AUTOMOTIVE PARTS CO., LTD. BEIJING HYUNDAI MOBIS AUTOMOTIVE PARTS CO.,
LTD. BEIJING MOBIS TRANSMISSION CO., LTD. MOBIS AMERICA INC. GUANG DONG HYUNDAI MOBIS CO., LTD. HYUNDAI MOTOR (SHANGHAI) CO., LTD MOBIS PARTS EUROPE N.V. MOBIS PARTS DEUTSCHLAND GMBH MOBIS PARTS, MIDDLE EAST FREE ZONE
ESTABLISHMENT BEIJING MOBIS CHONCHE AUTOMOTIVE PARTS CO.,
LTD. MOBIS SLOVAKIA S.R.O MOBIS PARTS AUSTRALIA PTY LTD. BEIJING HYUNDAI MOBIS PARTS CO., LTD MOBIS PARTS IBERIA S.L. MOBIS PARTS CIS MOBIS PARTS JIANGSU YUEDA TRADING CO., LTD. AMERICAN AUTOPARTS, INC. OHIO MODULE MANUFACTURING CO., LLC MOBIS INDIA LIMITED HYUNDAI MOBIS(HONGKONG) CO.,LTD MOBIS ALABAMA, LLC MOBIS PARTS AMERICA, LLC MOBIS PARTS DETROIT, LLC WUXI MOBIS AUTOMOTIVE AUTOPARTS CO.,LTD QINGDAO HYUNDAI MACHINERY CO.,LTD. HYUNDAI PIPE OF AMERICA, INC. BEIJING HYUNDAI HYSCO STEEL PROCESS CO.,
LTD. HYSCO AMERICA COMPANY, INC. HYSCO SLOVAKIA,S.R.O HYUNDAI AUTONET AMERICA ROTEM USA CORPORATION HYUNDAI-KIA MACHINE AMERICA CORPRATION WIA AUTOMOTIVE PARTS CO., LTD HYUNDAI-KIA MACHINE EUROPE GMBH GLOVIS AMERICA, INC. GLOVIS ALABAMA, LLC. GLOVIS SLOVAKIA, S. R. O GLOVIS AUSTRALIA PTY.LTD |
|
Affiliates-Overseas |
GLOVIS EUROPE GMBH GLOVIS INDIA PRIVATE LIMITED GLOBAL AUTO PROCESSING SERVICES, INC BNG STEEL JAPAN CORP. BNG STEEL GMBH AMCO AMERICA, INC AMCO INDIA CONSTRUCTION PRIVATE, LTD BEIJING LEAR DYMOS AUTOMOTIVE SYSTEMS CO.,
LTD INNOCEAN WORLDWIDE COMMUNICATION PRIVATE
LIMITED JIANGSU HYUNDAI HYSCO STEEL PROCESS CO.,
LTD HYSCO STEEL INDIA., LTD INNOCEAN WORLDWIDE UK LIMITED EUROTEM HYUNDAI MOTOR MANUFACTURING CZECH, S.R.O. AUTOEVER SYSTEMS INDIA PRIVATE LIMITED ROTEM EQUIPMENTS (BEIJING) CO., LTD. MOBIS ALABAMA INSTRUMENT PANEL, LLC AUTOEVER SYSTEMS CHINA CO.,LTD. KIA MOTORS MANUFACTURING GEORGIA, INC. HMCIS B.V. AUTOEVERSYSTEMS EUROPE GMBH HYUNDAI MOTOR INDIA ENGINEERING DYMOS CZECH REPUBLIC S.R.O HYUNDAI AUTO CANADA CORP. MOBIS AUTOMOTIVE CZECH S.R.O. HYUNDAI MOTOR CIS LLC MOBIS PARTS BRAZIL INTERMEDIACAO DE
NEGOCIOS LTDA HYUNDAI AUTONET INDIA ENGINEERING PRIVATE
LIMITED HYSCO CZECH S.R.O AMCO CAMBODIA CO.,LTD. GLOVIS LOGISTICS LTD. GLOVIS CZECH REPUBLIC S.R.O. INNOCEAN WORLDWIDE EUROPE GMBH MOBIS GEORGIA, LLC GLOVIS GEORGIA, LLC GLOVIS HONG KONG CO.,LTD |
|
Affiliates-Overseas |
KIA MOTORS UNITED KINGDOM LTD KIA MOTORS AUSTRIA GMBH KIA MOTORS BELGIUM GMBH KIA MOTORS HUNGARY GMBH KIA MOTORS CZECH GMBH KIA MOTORS SWEDEN AB(KMSW) KIA MOTORS IBERIA S.L(KMIB) KIA MOTORS FRANCE SAS KIA MOTORS SLOVAKIA S.R.O(KMS) DONGFENG YUEDA KIA MOTOR CO., LTD KIA JAPAN CO., LTD. KIA MOTORS AUSTRALIA PTY LTD KIA MOTORS SALES SLOVENSKO S.R.O KIA MOTORS NEW ZEALAND LTD SHANGHAI HYUNDAI MOBIS AUTOMOTIVE PATRS
CO., LTD. JIANGSU MOBIS AUTOMOTIVE PARTS CO., LTD. BEIJING HYUNDAI MOBIS AUTOMOTIVE PARTS CO.,
LTD. BEIJING MOBIS TRANSMISSION CO., LTD. MOBIS AMERICA INC. GUANG DONG HYUNDAI MOBIS CO., LTD. HYUNDAI MOTOR (SHANGHAI) CO., LTD MOBIS PARTS EUROPE N.V. MOBIS PARTS DEUTSCHLAND GMBH MOBIS PARTS, MIDDLE EAST FREE ZONE
ESTABLISHMENT BEIJING MOBIS CHONCHE AUTOMOTIVE PARTS CO.,
LTD. MOBIS SLOVAKIA S.R.O MOBIS PARTS AUSTRALIA PTY LTD. BEIJING HYUNDAI MOBIS PARTS CO., LTD MOBIS PARTS IBERIA S.L. MOBIS PARTS CIS MOBIS PARTS JIANGSU YUEDA TRADING CO., LTD. AMERICAN AUTOPARTS, INC. OHIO MODULE MANUFACTURING CO., LLC MOBIS INDIA LIMITED HYUNDAI MOBIS(HONGKONG) CO.,LTD MOBIS ALABAMA, LLC MOBIS PARTS AMERICA, LLC MOBIS PARTS DETROIT, LLC WUXI MOBIS AUTOMOTIVE AUTOPARTS CO.,LTD QINGDAO HYUNDAI MACHINERY CO.,LTD. HYUNDAI PIPE OF AMERICA, INC. BEIJING HYUNDAI HYSCO STEEL PROCESS CO.,
LTD. HYSCO AMERICA COMPANY, INC. HYSCO SLOVAKIA,S.R.O HYUNDAI AUTONET AMERICA ROTEM USA CORPORATION HYUNDAI-KIA MACHINE AMERICA CORPRATION WIA AUTOMOTIVE PARTS CO., LTD HYUNDAI-KIA MACHINE EUROPE GMBH GLOVIS AMERICA, INC. GLOVIS ALABAMA, LLC. GLOVIS SLOVAKIA, S. R. O GLOVIS AUSTRALIA PTY.LTD |
|
Overseas Office |
SINGAPORE 152 BEACH ROAD, #11-02, GATEWAY EAST,
SINGAPORE 189721 TEL:+65-6341-5080~1 FAX :+65-6293-5083 L.A. (U.S.A) HYUNDAI MOTOR AMERICA (INI STEEL COMPANY) 10550 TALBERT AVENUE, FOUNTAIN VALLEY CA
92728 TEL:+1-714-594-1699 FAX :+1-714-594-1636 FRANKFURT (EUROPE) HYUNDAI-PLATZ, KAISERLEIPROMENADE 5, 63067
OFFENBACH, GERMANY TEL:+49-69-271472-790 FAX
:+49-69-271472-799 BEIJING (CHINA) RM, 802-B, XIAN DAI QI CHE DA SHA, #38 XIAO
YUN RD., CHAO YANG, BEIJING, CHINA TEL:+86-10-8453-9228~9 FAX
:+86-10-6467-0706 DUBAI (U.A.E) AL RIQQA PALACE BLDG. #908, AL MAKTOUM
STREET, P.O.BOX 14113, DUBAI, U.A.E. TEL:+971-4-227-8752 FAX :+971-4-223-8396 HONG KONG ROOM #6, UNITS NOS. 1212-1215, 12TH FLOOR,
THE METROPOLIS TOWER, NO 10 METROPOLIS DRIVE, HUNGHOM, KOWLOON, HONG KONG TEL:+852-3162-5313 FAX :+852-3162-5315 HANOI (VIETNAM) A17, 3RD FLOOR, HORISON HOTEL, 40 CAT LINH
STR., HANOI, VIETNAM TEL:+84-4-7365-920 FAX :+84-4-7365-921 TOKYO (JAPAN) SHUWA SANBANCHO BLDG. 2F, 28, SANBANCHO
CHIYODA-KU, TOKYO 102-0075 JAPAN TEL:+81-3-5211-4410/4412 FAX
:+81-3-5211-4413 |
|
Subsidiary |
QINGDAO INI MACHINERY CO., LTD. SHANDONG CHINGTAO JIAOZHOU GYOMAN
INDUSTRIES, CHINA TEL:+86-532-727-3818 FAX: +86-532-727-3816 *The Subject has 100% shares of Qingdao INI
Machinery Co., Ltd. BNG STEEL CO., LTD. 66, SINCHON-DONG, CHANGWON-SI, GYEONGNAM-DO
641-370 KOREA TEL:+82-55-268-4047 FAX: +82-55-268-4134 Industry: Manufacture of Cold Rolled, Drawn
and Extruded Iron or Steel (40.83% held by the
subject company) |
|
Cooperative Enterprise |
-Insured Company HYUNDAI MARINE & FIRE INSURANCE CO., LTD.(110111-0035893) |
(Activity & Markets)
|
Sales/ Unit :Mil KRW |
2011 |
2010 |
2009 |
|
Export |
4,612,894 |
3,124,533 |
2,187,619 |
|
Domestic |
10,647,015 |
7,073,633 |
5,778,826 |
|
Total |
15,259,909 |
10,198,166 |
7,966,445 |
The Subject deals with the companies in China, Australia, Japan and USA.
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.94 |
|
UK Pound |
1 |
Rs.86.24 |
|
Euro |
1 |
Rs.72.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
NLM |
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.