MIRA
INFORM REPORT
|
Report Date : |
24.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
HYUNDAI HEAVY INDUSTRIES CO., LTD. |
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|
|
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Registered Office : |
1000, Bangeojinsunhwan-doro, Dong-gu, Ulsan,
Korea 682-813 |
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|
|
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Country : |
South Korea |
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|
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
28.12.1973 |
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Com. Reg. No.: |
620-81-00012 |
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|
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Legal Form : |
Listed Company |
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|
|
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Line of Business : |
Building of Non-ferrous Metal Ships and Other Sailing Ships |
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|
|
|
No. of Employees : |
26,404 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
|
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 – 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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 |
Basic Information
Basic
|
Company Name |
HYUNDAI HEAVY INDUSTRIES CO., LTD. |
|
Registered Address |
1, Jeonha 1-dong, Dong-gu, Ulsan, Korea (New Address System : 1000, Bangeojinsunhwan-doro,
Dong-gu, Ulsan, Korea) |
|
Zip Code |
682-813 |
|
Tel |
+82-52-202-2114 |
|
Fax |
+82-52-202-2286 |
|
E-mail |
webzine@hhi.co.kr;ship@hhi.co.kr |
|
Website |
www.hhi.co.kr |
|
Trading Address/ Seoul Office |
14th FL., Hyundai Bldg., 140-2, Gye-dong,
Jongno-gu, Seoul, Korea |
|
Tel |
+82-2-746-4750 +82-2-746-4544 |
|
Fax |
+82-2-746-4663 +82-2-746-4662 |
|
Other Address-Branch |
306-1, Seonam-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-270-9135 |
|
Fax |
+82-52-274-6735 |
|
Other Address-Hyundai Hotel |
477-2 Sinpyeong-dong, Gyeongju-si,
Gyeongbuk-do 780-290 Korea |
|
Tel |
+82-54-748-2233 |
|
Fax |
+82-54-748-8234 |
|
Other Address-Hyundai Incineration Equipment |
1288 Bangeo-dong, Tong-gu, Ulsan 682-806 Korea |
|
Tel |
+82-52-235-2195 |
|
Fax |
|
|
Other Address-Department of Marine Business |
775 Bangeo-dong, Tong-gu, Ulsan 682-806 Korea |
|
Tel |
+82-52-230-1457 |
|
Fax |
+82-52-202-1970 |
|
Other Address-Hyundai Art Hall |
110-1 Seobu-dong, Tong-gu, Ulsan 682-807 Korea |
|
Tel |
+82-52-235-2100 |
|
Fax |
+82-52-235-2100 |
|
Other Address-Hanmaeum Hall |
290-16 Cheonha-dong, Tong-gu, Ulsan 682-813 Korea |
|
Tel |
+82-52-236-5119 |
|
Fax |
|
|
Other Address-Daesan Complex Power Plant |
634, Dokgot-ri, Daesan-eup, Seosan-si, Chungcheongnam-do, Korea |
|
Tel |
+82-41-681-4095 |
|
Fax |
+82-41-667-2393 |
|
Type |
Export/Import |
|
Industry |
Building of Non-ferrous Metal Ships and Other Sailing Ships |
|
Main Business |
Shipbuilding, Offshore Steel Structure, Plant, Engine, Electron &
Electricity System, Construction Equipment |
|
Established (mm/dd/yyyy) |
12/28/1973 |
The Subject owns the premises of registered
address/factory.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Forklifts(24101603) |
|
Sell |
Power supply transformers(39121002) |
|
Sell |
Molded case circuit breakers(39121616) |
|
Sell |
Skid steer loaders(22101529) |
|
Sell |
Switchgear systems(39121105) |
|
Sell |
Inverters(32121705) |
|
Sell |
Track excavators(22101526) |
|
Sell |
Wheel loaders(22101528) |
|
Sell |
Engines(26101500) |
|
Sell |
Commercial marine craft(25111500) |
|
Sell |
Motors(26101600) |
|
Sell |
Commercial or industrial construction(72131600) |
|
Sell |
Commercial marine craft(25111500) |
|
Sell |
Pumps(40151500) |
|
Sell |
Power supply transformers(39121002) |
|
Sell |
Inverters(32121705) |
|
Sell |
Uninterruptible power supplies(39121011) |
|
Sell |
Diesel generators(26111601) |
|
Sell |
Panelboards(39121103) |
|
Sell |
Panelboards(39121103) |
|
Buy |
Steel Plate |
|
Buy |
Paint |
CEO’s
|
Name |
Lee Jae-Sung |
|
Address |
|
|
Date of Birth |
05/25/1952 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
380,000,000,000 |
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|
Employees |
26,404 |
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|
Formation |
Listed Company (Korea Stock Exchange:
009540) as of 08/1999 A Company of HYUNDAI HEAVY INDUSTRIES GROUP |
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Bank Details |
Korea Exchange Bank-Kyei-Dong Branch |
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Corporate Registered No. |
181211-0000386 |
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Business Registered No. |
620-81-00012 |
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Permit & Licenses |
04/09/1997 ISO 14001 02/1999 ISO 9001 06/2000 ISO 9001 11/2000 EM 11/2001 NT 07/2003 GD Mark Int’l Trade No.: 740353 |
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Shareholder Position |
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Company History |
03/10/1970 Shipyard Construction Division established in Hyundai
engineering & Construction Co., Ltd (HDEC). 12/05/1970 Signed a contract of building super large-sized ship which
contain 260 thousand tons of crude oil with Rivanos, Greece. 12/28/1973 incorporated as Hyundai Shipbuilding & Heavy Industry
Co, Ltd. 02/24/1978 Changed the trade name to Hyundai Heavy Industries Co.,
Ltd. 09/27/1993 Merged Hyundai Robot Ind. Co., Ltd. and Hyundai Steel Tower
Ind. Co., Ltd. 02/28/1999 Transfer of Business on Heavy Equipment Sale in Hyudai
Motor Service 11/30/1999 Transfer of Business on Power Generation Facility in Korea
Heavy Ind. 05/2002 Acquired Samho Heavy Industries Co., Ltd. 11/2005 Awarded US$7 Billion Export Top Prize 09/2006 Awarded the 5th Korea’s Best Corporation 11/2007 Awarded US$10 Billion Export Top Prize 01/03/2011 Acquired Yongyeon factory from HYMS(230111-0143443)
amounting 133,908,620,955 KRW |
Detailed Information
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
President & CEO |
Mr. |
Lee Jae-Sung |
Korean |
1952.05.25 |
Pennsylvania University(USA) |
|
President & CEO / Shipbuilding |
Mr. |
Kim Oi-Hyun |
Korean |
1954.05.01 |
Seoul National University, Korea |
|
President |
Mr. |
Choi Byung-Koo |
Korean |
1951.08 |
Inha University, Korea |
|
Outside Director/Auditor |
Mr. |
Ju Soon-Sik |
Korean |
1953.11. |
Hawaii University(USA) |
|
Outside Director/Auditor |
Mr. |
Noh Young-Bo |
Korean |
1954.07 |
Georgetown University, USA |
|
Outside Director/Auditor |
Dr. |
Pyun Ho-Bum |
Korean |
1952.01.15 |
Sungkyungan University, KOrea |
|
Outside Director |
Mr. |
Lee Cheol |
Korean |
1955.02.09 |
Texas University, USA |
Financials
|
Year / Unit : Thousand KRW |
Sales |
Assets |
Net Income |
|
5,821,232,264 |
31,777,114,500 |
286,999,079 |
|
|
(*)2012 |
25,055,014,302 |
30,637,881,717 |
1,111,371,205 |
|
(*)2011 |
25,019,604,058 |
29,920,497,557 |
1,953,687,439 |
|
(*)2010 |
22,408,120,186 |
28,570,050,624 |
2,835,399,093 |
|
2009 |
21,142,196,736 |
24,872,583,501 |
2,146,488,795 |
|
2008 |
19,957,080,881 |
25,280,400,921 |
2,256,664,845 |
|
2007 |
15,533,013,307 |
16,798,704,711 |
1,736,060,331 |
|
2006 |
12,554,744,430 |
12,996,156,878 |
712,847,558 |
|
2005 |
10,354,421,886 |
11,593,108,115 |
183,314,079 |
|
2004 |
9,084,484,155 |
11,062,313,662 |
36,719,496 |
|
2003 |
8,153,499,952 |
10,604,056,876 |
113,857,159 |
(*)Figures are
based on the K-IFRS Accounting System.
Financial Description
|
Authorized Capital(KRW) |
800,000,000,000 |
|
Paid-Up Capital(KRW) |
380,000,000,000 |
|
Total Issues Shares |
76,000,000 |
|
Balance Sheet |
|||
|
Unit : Thousand Korean Won |
01/01/2013~03/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Total Assets |
31,777,114,500 |
30,637,881,717 |
29,920,497,557 |
|
Current Assets |
14,361,881,526 |
13,260,608,268 |
11,605,944,248 |
|
Cash & Cash Equivalents |
1,107,287,686 |
522,916,854 |
608,305,745 |
|
Current Financial Instruments |
133,032,365 |
140,025,992 |
20,571,443 |
|
Trade Receivables & Other
Receivables |
3,878,117,875 |
3,415,103,505 |
3,247,270,300 |
|
Prepaid Construction |
4,055,189,348 |
3,571,761,440 |
2,567,103,777 |
|
Inventories |
2,782,879,191 |
2,886,179,999 |
2,834,685,760 |
|
Derivatives |
92,534,619 |
352,707,880 |
127,646,236 |
|
Confirmed Agreement Assets |
73,692,115 |
68,950,598 |
404,964,726 |
|
Other Current Assets |
2,239,148,327 |
2,302,962,000 |
1,795,396,261 |
|
Non-Current Assets |
17,415,232,974 |
17,377,273,449 |
18,314,553,309 |
|
Investment_Related Companies |
6,846,100,108 |
6,848,089,108 |
6,836,161,061 |
|
Non-Current Financial Instruments |
1,129,990,912 |
1,113,004,649 |
1,785,927,934 |
|
Long-Term Trade Receivables &
Other Receivables |
372,378,050 |
317,859,592 |
509,610,401 |
|
Investment_Real Estates |
423,138,051 |
313,069,349 |
314,952,460 |
|
Tangibles |
8,019,097,276 |
8,145,864,317 |
8,137,085,222 |
|
Intangibles |
377,622,380 |
373,753,496 |
370,355,123 |
|
Derivatives |
30,880,700 |
113,495,722 |
46,466,814 |
|
Confirmed Agreement Assets |
63,317,846 |
1,682,828 |
178,916,489 |
|
Other Non-Current Assets |
152,707,651 |
150,454,388 |
135,077,805 |
|
Total Liabilities |
16,429,877,924 |
15,447,946,214 |
15,201,220,868 |
|
Current Liabilities |
13,209,849,364 |
12,289,390,455 |
14,029,108,979 |
|
Current Financial Debts |
4,357,275,659 |
4,282,108,440 |
3,915,685,636 |
|
Trade Payables & Other
Payables |
2,780,405,183 |
2,299,628,573 |
2,450,270,548 |
|
Advance Receipts |
862,148,360 |
908,391,816 |
1,062,490,143 |
|
Accrued Construction |
4,629,010,120 |
4,202,825,488 |
5,876,506,477 |
|
Derivatives |
69,677,528 |
43,042,776 |
230,144,853 |
|
Confirmed Agreement Debts |
68,996,281 |
217,691,944 |
121,940,384 |
|
Accrued Income Tax |
442,336,233 |
335,701,418 |
372,070,938 |
|
Non-Current Liabilities |
3,220,028,560 |
3,158,555,759 |
1,172,111,889 |
|
Non-Current Financial Debts |
2,360,947,182 |
2,260,223,050 |
67,051,944 |
|
Long-Term Trade Payables &
Other Payables |
12,197,063 |
12,234,593 |
14,650,331 |
|
Confirmed Agreement Debts |
203,847,758 |
172,672,817 |
90,741,609 |
|
Other Provisions |
265,392,605 |
252,506,544 |
129,884,994 |
|
Derivatives |
70,554,596 |
20,668,394 |
192,144,081 |
|
Confirmed Agreement Debts |
20,021,930 |
113,376,015 |
22,758,464 |
|
Deferred Income Tax Credit |
287,067,426 |
326,874,346 |
654,880,466 |
|
Capital Stock |
380,000,000 |
380,000,000 |
380,000,000 |
|
Capital Surplus |
1,044,516,633 |
1,044,516,633 |
1,044,516,633 |
|
Capital Adjustment |
-1,400,454,947 |
-1,400,454,947 |
-1,400,454,947 |
|
Others |
522,126,546 |
498,603,452 |
852,646,761 |
|
Profit Surplus |
14,801,048,344 |
14,667,270,365 |
13,842,568,242 |
|
Total Equity |
15,347,236,576 |
15,189,935,503 |
14,719,276,689 |
|
Liab. & Shareholder’s Equity |
31,777,114,500 |
30,637,881,717 |
29,920,497,557 |
|
Income Statement |
|||
|
Unit : Thousand Korean Won |
01/01/2013~03/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Sales |
5,821,232,264 |
25,055,014,302 |
25,019,604,058 |
|
Cost of Sold Goods |
5,286,083,162 |
22,236,009,555 |
21,163,633,237 |
|
Gross Profit |
535,149,102 |
2,819,004,747 |
3,855,970,821 |
|
Selling & Admin. Expenses |
348,818,975 |
1,526,071,022 |
1,217,202,778 |
|
Operating Income |
186,330,127 |
1,292,933,725 |
2,638,768,043 |
|
Finance Income |
318,768,107 |
1,884,727,871 |
1,044,973,889 |
|
Finance Expenses |
510,286,176 |
649,272,491 |
1,180,546,547 |
|
Other Non-Operating Income |
295,700,690 |
117,963,323 |
601,079,985 |
|
Other Non-Operating Expenses |
19,919,961 |
1,210,223,995 |
563,303,089 |
|
Income Before Taxes |
270,592,787 |
1,436,128,433 |
2,540,972,281 |
|
Income Taxes Expenses |
-16,406,292 |
324,757,228 |
587,284,842 |
|
Net Income |
286,999,079 |
1,111,371,205 |
1,953,687,439 |
|
Cash Flows |
|||
|
Unit : Thousand Korean Won |
01/01/2013~03/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Operating Activities Cash Flows |
572,490,890 |
-2,180,227,635 |
1,108,944,182 |
|
Net Income |
286,999,079 |
1,111,371,205 |
1,953,687,439 |
|
Adjustment |
327,381,859 |
-2,729,702,562 |
12,132,593 |
|
Interests Received |
11,422,093 |
114,816,268 |
166,384,322 |
|
Interests Paid |
-49,617,204 |
-173,923,508 |
-151,418,773 |
|
Dividends Received |
1,447,665 |
57,966,431 |
76,973,326 |
|
Income Taxes |
-5,142,602 |
-560,755,469 |
-948,814,725 |
|
Cash Flows from Investing |
-123,170,078 |
-293,045,771 |
-1,200,563,488 |
|
Cash Flows from Financing |
134,311,907 |
2,388,991,007 |
75,254,424 |
|
Increase/Decrease in Cash |
584,370,832 |
-85,388,891 |
-16,173,791 |
|
Cash at the Beginning of Year |
522,916,854 |
608,305,745 |
624,479,536 |
|
Cash at the End of Year |
1,107,287,686 |
522,916,854 |
608,305,745 |
Products, Technologies, Services Description
|
Main Products & Services |
Shipbuilding -Carrier: 75,000 DWT Bulk Carrier / 172,000
DWT Bulk Carrier -Pure Car Carrier -Containership: 3,000 TEU / 4,800 TEU /
5,500 TEU / 6,800 TEU -LPG Carrier -Tanker: 165,000 DWT Tanker / 113,000 DWT
Tanker -Ro-Ro Ship -VLCC: 319,000 DWT VLCC -Chemical Tanker -Product Carrier: 46,000 DWT Product
Carrier / 105,000 DWT Product Carrier -Offshore Rigs / Barge -Multi-Purpose Cargo Ship -LNG Carrier -OBO Carrier -Other Vessels Offshore & Engineering -Platforms: Jacket/Pile -Floating Units: Semi-Submersible Rig -Offshore Installation: Heavy Lift
Installation Industrial Plant & Engineering -Power Plant -Nuclear Power Plant -Environmental Engineering Plant -Process Plant -Desalination Plant -Material Handling Equipment -Cement Plant -Iron & Steel Plant -Hydro Power Plant -Steel Tower -Air Conditioning Equipment Engine & Machinery -Marine Engine -HiMSEN Engine -Power Plant -Robot -Pump -Machinery |
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|
Main Products & Services |
Electro-Electric System -Transformer: Capacity up to 765kV 2000MVA,
worldwide experiences with proven record -High Voltage Circuit Breaker: Gas
Insulated Switchgear -Switchgear Industrial: MV Switchgear / LV Switchgear /
Motor Control Center / Power Automation Marine: Marine Switchgear & Starter /
Console Alarm Monitoring System -Medium & voltage circuit breaker:
Molded Case Circuit Breaker / Magnetic Contactor / Air Circuit Breaker /
Motor Control Breaker / Vacuum Circuit Breaker / Vacuum Contactor / Vacuum
Interrupter -Rotating Machinery: Low Voltage Induction
Motor / Medium & High Voltage Induction Motor / Marine Generator /
Industrial Diesel Generator -Power Electronics -Control & System Integration -Marine Purpose Equipment -Traction Power Supply and Propulsion
System -Turnkey Solution Construction Equipment -Crawler Excavators -Wheel Excavators -Wheel Loaders -Skid Steer Loader -Lift Trucks |
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|
Annual Production Capacity |
|
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Technologies Acquired |
|
Trade Partners & Competitors
|
Suppliers |
POSCO HYUNDAI STEEL KCC DONGIL INDUSTRIES CO., LTD. 800, JANGHEUNG-DONG, NAM-GU, POHANG-SI, GYEONGBUK-DO
790-240 KOREA TEL 82-54-285-3201 FAX 82-54-285-4151 INDUSTRY: MANUFACTURE OF FERRO-ALLOYS KOREA SPECIAL PRECISION CO., LTD. 1658-6, SONGJEONG-DONG, DONGNAE-GU, BUSAN
618-270 KOREA TEL:+82-51-831-6270~9 FAX:+82-51-831-6273 INDUSTRY: MANUFACTURE OF INTERNAL
COMBUSTION PISTON ENGINES SPECO LTD. 2F SAM-IK PLAZA BD, 58-3, NONHYEON 1-DONG,
GANGNAM-GU, SEOUL 1315-815 KOREA TEL:+82-2-3498-3200 FAX:+82-2-3462-3831 INDUSTRY: MANUFACTURE OF ALL OTHER
MACHINE-TOOLS, N.E.C. FINETEC CORP. 329-3, BOCHE-RI, MIYANG-MYEON, ANSEONG-SI,
GYEONGGI-DO 456-843 KOREA TEL:+82-31-677-7000 FAX:+82-31-677-7007 INDUSTRY: MANUFACTURE OF SYNTHETIC RESIN
AND OTHER PLASTIC MATERIALS SUNGKWANG BEND CO., LTD. NOKSAN NATIONAL INDUSTRIAL COMPLEX, 1720,
SONGJEONG-DONG, GANGSEO-GU, BUSAN 618-270 KOREA TEL:+82-51-330-0200 FAX:+82-51-330-0231 INDUSTRY: MANUFACTURE OF TUBES AND PIPES OF
CAST IRON OR CAST STEEL SEOHO ELECTRIC CO., LTD. 194-53, ANYANG 7-DONG, MANAN-GU, ANYANG-SI,
GYEONGGI-DO 430-815 KOREA TEL:+82-31-468-6611 FAX:+82-31-468-3311 INDUSTRY: MANUFACTURE OF BOARDS FOR
ELECTRIC CONTROL OR DISTRIBUTION |
|
Customers |
REPUBLIC OF KOREA NAVY HYUNDAI SAMHO HEAVY INDUSTRIES CO.,
LTD.(205411-0003915) HYUNDAI MIPO DOCKYARD CO.,
LTD.(181211-0000526) HYUNDAI MOTOR COMPANY(110111-0085450) HYUNDAI OIL REFINERY CO.,
LTD.(110111-0090558) CHEVRON AUSTALIA PTY. LTD. ABU DHABI GAS LIQUEFACTION CO., LTD.(ADGAS) MINISTRY OF ELECTRICITY AND WATER(MEW),
KUWAIT CHEVRON AUSTRALIA PTY. LTD. |
|
Competitors |
DAEWOO SHIPBUILDING & MARINE
ENGINEERING CO., LTD. 85, DA-DONG, JUNG-GU, SEOUL, KOREA TEL:+82-2-2129-0114 FAX:+82-2-756-4390 SAMSUNG HEAVY INDUSTRIES CO., LTD. 35TH FL., SAMSUNG LIFE INSURANCE SEOCHO
TOWER, 1321-15, SEOCHO 2-DONG, SEOCHO-GU, SEOUL, KOREA TEL:+82-2-3458-7000 FAX:+82-2-3458-7100 MISHUBISH HEAVY INDUSTRIES-JAPAN UNIVERSIAL SHIPBUILDING-JAPAN TECHNIP-FRANCE SAIPEM-ITALY MCDERMOTT-USA KBR-USA STOLT OFFSHORE-FRANCE ABB-SWEDEN SIEMENS-GERMNAY ALSTOM-FRANCE KOMASHU-JAPAN HITACHI-JAPAN VOLVO-SWEDEN CATERPILLER-USA |
Related Parties (Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
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) (94.92% held by the subject company) 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) (67.49% held by the subject company) 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 |
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) (100.0% held by the subject company) 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) (50.0% held by the subject company) 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) (100.0% held by the subject company) 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) (100.0% 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 CORPORATION(110111-0205850) (22.36% held by the subject company) 11TH FI., HYUNDAI BLDG., 140-2, GYE-DONG,
JONGNO-GU, SEOUL, KOREA TEL:+82-2-390-1114 FAX:+82-2-390-1101 (As of 02/01/2010, the subject has been
affiliated to the subject company.) HYUNDAI OILBANK CO., LTD.(110111-0090558) (91.13% held by the subject company) 640-6. DAEJUK-RI, DAESAN-EUP, SEOSAN-SI, CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-660-5114 FAX:+82-41-660-5111 (As of 09/02/2010, the subject has been
affiliated to the subject company.) |
|
Affiliates |
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 (*) As of 01/30/2009, this company has been joined as one of the
affiliated companies. HOTEL HYUNDAI CO., LTD.(134511-0045797) (100.0% held by the subject company) 477-2, SINPYEONG-DONG, GYEONGJU-SI,
GYEONGSANGBUK-DO, KOREA TEL:+82-54-748-2233 FAX:+82-54-748-8234 (*) As of 01/30/2009, this company has been joined as one of the
affiliated companies. 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 (*) As of 11/02/2009, this company has been joined as one of the
affiliated companies. MUJU WIND POWER CO., LTD.(210111-0070434) (*) As of 06/24/2010, this company has been joined as one of the
affiliated companies. CHANGJUK WIND PIWER CO., LTD.(144811-0008101) (*) As of 01/03/2011, this company has been joined as one of the
affiliated companies. HYUNDAI RESOURCES DEVELOPMENT CO., LTD.(110111-4573807) (40.0% held by the subject company) (*) As of 05/03/2011, this company has been joined as one of the
affiliated companies. HYUNDAI-AVANCICS CO., LTD.(150111-0142989) HYUNDAI COSMO PETROCHEMICAL CO., LTD.(161411-0022364) HYUNDAI OI L TERMINAL CO., LTD.(230111-0188027) NEW KOREA COUNTRY CLUB CO., LTD.(114711-0000014) HYUNDAI AND SHELL BASE OIL CO., LTD.(161411-0027067) |
|
Affiliates-Overseas |
HYUNDAI TECHNOLOGIES CENTER HUNGARY KFT (100.0% held by the subject company) HYUNDAI HEAVY INDUSTRIES CO. BULGARIA (99.09% held by the subject company) HYUNDAI HEAVY INDUSTRIES EUROPE N.V. (100.0% held by the subject company) HYUNDAI CONSTRUCTION EQUIPMENT AMERICAS,
INC. (100.0% held by the subject company) VLADIVOSTOK BUSINESS CENTER CO., LTD. (57.14% held by the subject company) WEI HYUNDAI WIND POWER TECHNOLOGY CO.,
LTD.(CHINA) (*) As of 06/07/2010, this company has been joined as one of the
affiliated companies. HYUNDAI(SHANDONG) HEAVY INDUSTRIES
MACHINERY CO., LTD.(CHINA) (*) As of 06/24/2010, this company has been joined as one of the
affiliated companies. HYUNDAI ELECTRIC SYSTEMS ALABAMA, INC. (100.0% held by the subject company) (*) As of 09/20/2010, this company has been joined as one of the
affiliated companies. HYUNDAI HEAVY INDUSTRIES(SHANGHAI) CO.,
LTD.(CHINA) (100.0% held by the subject company) (*) As of 04/20/2011, this company has been joined as one of the affiliated
companies. YANTAI HYUNDAI HEAVY INDUSTRIES CO., LTD. |
|
Overseas Office |
REPRESENTATIVE OFFICE OF HYUNDAI HEAVY
INDUSTRIES 11, DNEPROPETROVSKOYE SHOSSE ZAPOROZHYE,
69069 UKRAINE TEL:+380-612-139-839 FAX:+380-612-595-368 E-MAIL: GCLEE@HHI.CO.KR HYUNDAI DUBAI OFFICE AL DANA CENTER BLDG. #609, MAKTOUM STREET,
P.O.BOX 22034, DUBAI, U.A.E. TEL:+971-4-223-2533 FAX:+971-4-222-0943 E-MAIL: DXB@HHI.CO.KR HYUNDAI CONSTRUCTION EQUIP. U.S.A. INC. 955 ESTES AVENUE, ELK GROVE VILLAGE IL.
USA. 60007 TEL:+1-847-228-8847/437-3333
FAX:+1-847-437-3574 |
|
Liaison Office |
HYUNDAI OSLO(LIAISON) OFFICE RADHUSGT. 20, 0151 OSLO. NORWAY TEL:+47-2241-0920 FAX:+47-2242-6671 E-MAIL: OSLO@HHI.CO.KR HYUNDAI HEAVY INDUSTRIES CAIRO LIAISON
OFFICE APARTMENT NO.503, 5TH FL.BUILDING NO7,
BLOCK 2, 9TH DIVISION. EL-NASR ROAD, NEW MAADI, CAIRO, EGYPT TEL:+20-2-520-0148~9 FAX:+20-2-754-7528 E-MAIL: SONGHONIM@HANMAIL.NET |
|
Overseas Branch |
TOKYO BRANCH 8TH FLOOR YURAKUCHO DENKI BLDG., 1-7-1
YURAKU-CHO, CHIYODA-KU, TOKYO, JAPAN TEL:+81-3-3211-0741∼0744, FAX:+81-3- 3216-0728, 3-3211-2093 HONG KONG BRANCH SUITES 3201-2, GREAT EAGLE CENTRE, 23
HARBOUR ROAD, WANCHAI, HONG KONG TEL:+852-2-586-1470/1291,
FAX:+852-2-842-1591/1594 BEIJING BRANCH HYUNDAI HEAVY INDUSTRIES CO., LTD. BEIJING OFFICE ROOM 506, 1 TOWER LANDMARK
BLDG. 8 NORTH DONGSANHUAN ROAD, CHAOYANG DISTRICT, BEIJING, CHINA 100004 TEL:+86-10-6590-0677~8 FAX:+86-10-6590-6532/6554 SINGAPORE BRANCH 7 TEMASEK BOULEVARD, #41-02, SUNTEC TOWER ONE,
SINGAPORE 038987 TEL:+65-6337-2366 FAX:+65-6337-8966 E-MAIL: ENGINEAS@HHISGN.COM LONDON BRANCH 11TH FLOOR, ST. MARTIN'S HOUSE, 1
HAMMERSMITH GROVE, LONDON W6 ONB, U.K TEL:+1-208-741-0501 FAX:+1-208-741-5620 E-MAIL: LDN@HHI.CO.UK ROTTERDAM BRANCH WAALSTAETE, 4TH FLOOR, WAALHAVEN Z.Z.2,
3088 HH ROTTERDAM, THE NETHERLANDS TEL:+31-10212-1567 FAX:+31-10212-5134 |
|
Overseas Branch |
PIRAEUS BRANCH 5-7, KANARI STREET, 185 37 PIRAEUS, GREECE TEL:+30-210-428-2992/3 FAX:+30-210-428-2144 E-MAIL: HHIGRC@HOL.GR MUMBAI BRANCH UNIT NO.2, 17TH FLOOR, COMMERCE CENTER
NO.1, WORLD TRADE CENTER, CUFFE PARADE, COLABA, MUMBAI-400 005, INDIA TEL:+91-22-2218-0062/9523~5
FAX:+91-22-2218-0061/9522 LUANDA BRANCH RUA LUCRECIA PAIM, NO.28/30, LUANDA, ANGOLA TEL:+244-2-370669/370692
FAX:+244-2-338011/399667 HOUSTON BRANCH 1400 BROADFIELD, SUITE 110, PARK 10 CENTER,
HOUSTON, TEXAS 77084, U.S.A TEL:+1-281-578-7097 FAX:+1-281-578-8317 E-MAIL: HSTN@HHI.CO.KR NEW JERSEY BRANCH HYUNDAI HEAVY INDUSTRIES CO., LTD. 300 SYLVAN AVENUE, ENGLEWOOD CLIFFS, NJ
07632, U.S.A TEL:+201-816-4080/4081/4034
FAX:+201-816-4083 E-MAIL: NJO@GOLIATH.HHI.CO.KR ORLANDO BRANCH 3452 LAKE LYNDA DRIVE SUITE 110, ORLANDO,
FLORIDA U.S.A. 32817 TEL:+1-407-249-7350 FAX:+1-407-275-4940 |
|
Joint Venture |
HYUNDAI HEAVY INDUSTRIES CO. - BULGARIA 1271, SOFIA 41, ROJEN BLVD. BULGARIA TEL:+359-2-938-1068/382-937/383-105
FAX:+359-2-936-0742/0305 HYUNDAI DONGANH STEEL TOWER CO., LTD. BLOCK 3A DONGANH TOWN, HANOI, VIETNAM TEL:+84-4-883-3649/3650/3651 FAX:+84-4-883-3648 CHANGZHOU HYUNDAI CONSTRUCTION MACHINERY
CO., LTD. LUSHU,CHANGZHOU,JIANGSU,CHINA (213002) TEL:+86-519-675-0060/5188/2690,
519-676-7799 FAX:+86-519-675-5332/5870/0500 BEIJING HYUNDAI JINGCHENG CONSTRUCTION
MACHINARY CO, LTD. NO.2, NANLI, LUGUOQIAO, FENGTAI DISTRICT,
BEIJING, CHINA TEL:+86-10-8321-8348/4730/4735/8347/9880
FAX:+86-10-8321-1353/4730 HOTEL HYUNDAI VLADIVOSTOK 29, SEMENOVSKAYA STR, VLADIVOSTOK, 690091
RUSSIA TEL:+7-4232-40-7300 FAX:+7-4232-40-7007 HYUNDAI ENOVA INNOVATIVE TECHNOLOGY CENTER 19850 S. Magellan Drive Torrance, Ca. 90502
U.S.A TEL:+1-310-527-0767/0768
FAX:+1-310-527-7888 |
|
Subsidiary |
HYUNDAI SAMHO HEAVY INDUSTRIES CO., LTD. 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. 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. H. C. E. U. S. A. LOCATION: CHICAGO USA INDUSTRY: SALES OF CONSTRUCTION EQUIPMENT HYUNDAI HEAVY INDUSTRIES EUROPE N. V. VOSSENDAAL 11, 2440 GEEL, BELGIUM TEL:+32-14-56-2201 FAX:+32-14-59-3405 INDUSTRY: SALES OF CONSTRUCTION EQUIPMENT HUNELEC ENGINEERING & TECHNOLOGIES.
LTD. 1146 BUDAPEST, HERMINA UT 22, HUNGARY TEL:+36-1-273-3730, 3733, 3739
FAX:+36-1-220-6708 E-MAIL: STPARK@HUNELEC.HU |
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
MAN B&W DIESEL A/S MAN B&W DIESEL AG WARTSILA SWITZERLAND LTD. VIT-UKRANE HITACHI-JAPAN GAZ TRANSPORT & TECHNI GAZ-FRANCE GLOBAL SANTAFE(USA) |
Sales by Region (Activity &
Markets)
|
Sales/ Unit : Mil. KRW |
09/2011 |
2010 |
2009 |
|
Export |
27,887,181 |
30,986,127 |
26,232,124 |
|
Domestic |
11,302,751 |
8,116,199 |
3,022,258 |
|
Total |
39,189,932 |
39,102,326 |
29,254,382 |
The Subject deals with the companies in USA
and Europe.
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
|
The Subject Company |
HYNIX SEMICONDUCTOR INC(134411-0001387) , HYUNDAI SECURITIES CO.,
LTD.(110111-0042476) and Mr. Lee Ik-Chi |
Related to Share Option Agreement with CIBC |
192,900,000,000 |
The Court rejected this case as of 03/26/2009. The Subject won against HYUNDAI SECURITIES CO., LTD.(110111-0042476)
and Mr. Lee Ik-Chi as of 06/29/2006. |
|
|
International Chamber of Commerce (Singapore Court) |
International Petroleum
Investment Co.(IPIC) |
The Subject & Ex Hyundai Affiliated companies |
Deemed Offer |
- |
The Subject & Ex Hyundai Affiliated companies won by the decision of ICC. |
|
|
Seoul Central District Court |
The Subject & Ex Hyundai Affiliated companies |
International Petroleum
Investment Co.(IPIC) |
Accept for ICC’s Decision |
- |
Proceeding |
|
|
|
Kang Chane-Hee and others(33) |
The Subject Company |
Claim for the retirement payment |
1,922,000,000 |
The Subject defeated and paid that amount. |
|
|
Seoul High Court |
The Subject Company |
Fair Trade Commission |
Cancellation on the imposed penalty |
19,415,000,000 |
Proceeding |
|
|
Int’l Tax Commission |
The Subject Company |
National Tax Office |
Additional Tax imposing |
107,600,000,000 |
Proceeding |
|
|
|
|
The Subject & partner’s companies |
Refunding of Receivables |
2,579,000,000 |
Proceeding |
|
|
|
The Subject Company |
Lotte E&C |
Claim for receivables on Construction |
1,960,000,000 |
Proceeding |
News Clipping
Not Available
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.99 |
|
|
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.