|
Report Date : |
28.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
HYUNDAI WIA CORPORATION |
|
|
|
|
Registered Office : |
153, Jeongdong-ro, Seongsan-gu, Changwon-si, Gyeongsangnam-do, Korea |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
29.03.1976 |
|
|
|
|
Com. Reg. No.: |
609-81-01770 |
|
|
|
|
Legal Form : |
Co., Ltd by Shares |
|
|
|
|
Line of Business : |
Manufacture of Other Parts and Accessories for Motor Vehicles |
|
|
|
|
No. of Employees |
2,674 |
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 – March 31st, 2014
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 and 2013 the economy experienced sluggish growth
because of market slowdowns in the United States, China, and the Eurozone. The
administration in 2014 is likely to face the challenge 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 about half of GDP.
|
Source
: CIA |
Basic
|
Company Name |
HYUNDAI WIA CORPORATION |
|
Registered Address |
153, Jeongdong-ro, Seongsan-gu, Changwon-si, Gyeongsangnam-do, Korea (Old Address System : 391-8, Gaeumjeong-dong, Changwon-si,
Gyeongsangnam-do, Korea) |
|
Zip Code |
641-110 |
|
Tel |
+82-55-280-9114 |
|
Fax |
+82-55-285-9186 |
|
E-mail |
choonie@wia.co.kr;kswon@wia.co.kr |
|
Website |
www.wia.co.kr |
|
Trading Address |
8F., Hasol Bldg., 736-1, Yeoksam-dong, Gangnam-gu, Seoul 135-080 Korea |
|
Tel |
+82-2-2033-8000 |
|
Fax |
|
|
Other Address-Namsan Factory |
601-2, Namsan-dong, Changwon-si, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-280-9114 |
|
Fax |
+82-55-282-5031 |
|
Other Address-M/C 2nd
Factory |
72, Seongsan-dong ,Changwon-si, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-289-4856 |
|
Fax |
|
|
Other Address-Jund Dong 1st
& 2nd Factory |
73, Seongsan-dong ,Changwon-si, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-280-9114 |
|
Fax |
|
|
Other Address-Seonggok Factory |
630-6, Seonggok-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-494-4826 |
|
Fax |
+82-31-494-4688 |
|
Other Address-Tire Module Factory |
687-3, Seonggok-dong, Danwon-gu, Ansan-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-494-4826 |
|
Fax |
|
|
Other Address-Satellite Center |
San 80-9, Mabuk-dong ,Giheung-gu ,Yongin-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-288-6813 |
|
Fax |
|
|
Other Address-Poseung Factory |
676-7, Naegi-ri ,Poseung-eup ,Pyeongtaek-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-617-0200 |
|
Fax |
|
|
Other Address-Gwangju Factory |
738-2, Ancheong-dong, Gwangsan-gu, Gwangju, Korea |
|
Tel |
+82-62-953-5171 |
|
Fax |
+82-62-953-5178 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Other Parts and Accessories for Motor Vehicles |
|
Main Business |
Automotive Gearshift, Joint, CNC Lathes, Machining Center, Boring
Machine, Grinder Machine, Press, Axle, Landing Gear, Robot |
|
Established (mm/dd/yyyy) |
03/29/1976 |
The Subject owns the premises of registered
HQ address.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Machine tools(23171600) -CNC, Turning Center, Vertical & Horizontae Machining Center, Boring |
|
Sell |
Transportation components and systems(25170000) -Transmissions, Power Steering, C.V. Joint, Axle |
|
Buy |
VC Assy. |
|
Buy |
Bearing |
CEO’s
|
Name |
Jung Myung-Cheol |
|
Address |
|
|
Date of Birth |
11/1953 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
128,650,595,000 |
||||||||||||||||||
|
Employees |
2,674 |
||||||||||||||||||
|
Formation |
Co., Ltd by Shares A Company of HYUNDAI-KIA MOTORS BUSINESS
GROUP |
||||||||||||||||||
|
Bank Details |
S.C First Bank of Korea-Seo Yoido Branch Citi Bank, Korea Shinhan Bank |
||||||||||||||||||
|
Corporate Registered No. |
194211-0000125 |
||||||||||||||||||
|
Business Registered No. |
609-81-01770 |
||||||||||||||||||
|
Permit & Licenses |
12/2001 ISO 14001 12/2002 QS 9001 Int’l Trade No.: 832065 |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
03/29/1976 Incorporated as Kia Heavy
Industry Co., Ltd 06/01/1983 Developed first machining-centre
in Korea 05/01/1986 Merged Changwon Plant of Daehan
Heavy Industry 11/01/1986 Changwon-Nansam Plant was opened 04/01/1994 Developed aeroplane landing gear
the first in Korea 03/29/1996 Renamed to Kia Heavy Industry 11/01/1996 Innovation Engineering Prize was
awarded 03/01/2000 Changed company name to WIA
Corporation (World Industries Ace) 05/01/2002 Joined as a company of
Hyundai-Kia Motors Business Group 01/01/2005 Acquired Machinery Business
Division from Hyundai Motor Company 08/2009 Changed company name to the present
name |
||||||||||||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Date of Birth |
|
President & CEO |
Mr. |
Jung Myung-Cheol |
Male |
Korean |
1953.11 |
|
Sr. Executive Director |
Mr. |
Lee In-Sik |
Male |
Korean |
1958.01 |
|
Executive Director |
Mr. |
Son Il-Keun |
Male |
Korean |
1957.07 |
|
Outside Director / Auditor |
Mr. |
Jang Hang-Seok |
Male |
Korean |
1949.03.11 |
|
Outside Director / Auditor |
Mr. |
Hur Bo-Young |
Male |
Korean |
1950.01.21 |
|
Outside Director / Auditor |
Mr. |
Lee Byung-Dae |
Male |
Korean |
1952.01.23 |
|
Outside Director / Auditor |
Mr. |
Jang Ji-Sang |
Male |
Korean |
1956.03.18 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)2013 |
6,287,025,159,453 |
4,114,711,537,234 |
375,115,027,487 |
|
(*)2012 |
6,253,825,028,955 |
3,873,590,111,711 |
363,793,908,021 |
|
(*)2011 |
5,634,181,159,827 |
3,553,860,078,556 |
216,690,756,923 |
|
(*)2010 |
4,434,894,790,878 |
2,908,066,370,827 |
92,058,906,185 |
|
2009 |
3,118,227,201,701 |
2,343,841,881,416 |
77,225,187,346 |
|
2008 |
3,186,516,993,276 |
2,330,760,697,997 |
46,391,963,315 |
|
2007 |
3,302,650,448,199 |
1,902,622,303,880 |
43,275,921,389 |
|
2006 |
2,592,403,328,679 |
1,819,419,224,938 |
61,462,868,630 |
|
2005 |
2,259,927,105,452 |
1,502,120,768,271 |
62,963,640,689 |
|
2004 |
1,835,526,437,517 |
1,075,488,176,394 |
64,533,114,235 |
|
2003 |
1,032,852,629,773 |
740,612,937,031 |
51,413,775,382 |
(*)Figures are
based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
200,000,000,000 |
|
Paid-Up Capital(KRW) |
128,650,595,000 |
|
Total Issues Shares |
25,730,119 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Total Assets |
4,114,711,537,234 |
3,873,590,111,711 |
3,553,860,078,556 |
|
Current Assets |
2,289,069,617,872 |
2,314,228,347,668 |
2,169,854,747,647 |
|
Cash & Cash Equivalents |
239,303,656,995 |
278,388,944,685 |
292,370,624,011 |
|
Current Financial Instruments |
341,117,049,915 |
209,742,906,662 |
498,765,171 |
|
Marketable Financial Instruments |
|
|
2,000,000,000 |
|
Trade Receivables |
930,513,721,894 |
934,766,740,900 |
1,025,482,757,719 |
|
Other Receivables |
80,705,157,857 |
83,348,472,718 |
50,658,039,004 |
|
Other Current Assets |
9,190,024,685 |
12,744,439,225 |
12,325,384,338 |
|
Inventories |
480,353,171,932 |
480,216,813,422 |
608,684,961,025 |
|
Other Receivables-Construction |
207,886,834,594 |
315,020,030,056 |
177,834,216,379 |
|
Non-Current Assets |
1,825,641,919,362 |
1,559,361,764,043 |
1,384,005,330,909 |
|
Non-Current Financial Instruments |
9,876,058,168 |
269,802,141 |
10,095,000,000 |
|
Marketable Financial Instruments |
52,063,099,417 |
30,949,851,947 |
28,336,795,157 |
|
Other Receivables |
30,674,335,836 |
27,719,616,879 |
20,522,265,058 |
|
Tangibles |
1,240,881,603,775 |
1,066,020,436,864 |
934,288,969,149 |
|
Investment_Real Estates |
1,522,714,000 |
1,522,714,000 |
1,522,714,000 |
|
Intangibles |
164,034,240,858 |
125,800,313,104 |
113,138,199,067 |
|
Investment_Subsidiaries |
211,585,302,160 |
197,174,463,960 |
186,113,463,960 |
|
Investment_Related Companies |
103,255,242,941 |
103,255,242,941 |
83,338,602,311 |
|
Investment_Joint Venture |
11,749,322,207 |
6,649,322,207 |
6,649,322,207 |
|
Total Liabilities |
2,014,882,598,189 |
2,151,585,213,253 |
2,179,062,005,420 |
|
Current Liabilities |
1,348,910,354,428 |
1,555,626,254,444 |
1,739,704,997,059 |
|
Trade Payables |
951,524,123,239 |
1,083,994,001,931 |
1,096,281,170,058 |
|
Other Payables |
111,461,024,246 |
94,240,832,214 |
75,449,865,914 |
|
Short-Term Borrowings |
|
40,676,189,999 |
55,367,415,064 |
|
Current Portion of Long-Term
Debts |
50,000,000,000 |
130,000,000,000 |
250,000,000,000 |
|
Accrued Income Tax |
38,057,598,869 |
68,420,451,600 |
26,185,646,440 |
|
Other Current Financial Debts |
1,133,529,380 |
998,620,073 |
8,027,834,550 |
|
Current Portion of Provisions |
17,760,286,113 |
18,843,824,012 |
14,707,400,652 |
|
Other Current Liabilities |
28,099,771,534 |
24,827,588,628 |
88,106,940,546 |
|
Other Payables-Construction |
150,874,021,047 |
93,624,745,987 |
125,578,723,835 |
|
Non-Current Liabilities |
665,972,243,761 |
595,958,958,809 |
439,357,008,361 |
|
Other Non-Current Debts |
1,592,204,067 |
1,390,420,264 |
1,678,239,943 |
|
Long-Term Borrowings |
488,000,000 |
488,000,000 |
|
|
Debentures |
528,398,608,652 |
478,233,699,893 |
358,561,977,973 |
|
Confirmed Salaries |
5,745,924,677 |
6,443,548,143 |
5,845,682,172 |
|
Other Non-Current Financial Debts |
1,387,464,925 |
1,685,454,238 |
1,671,942,351 |
|
Non-Current Portion of Provisions |
22,281,875,754 |
24,239,227,522 |
9,100,097,591 |
|
Deferred Income Tax Credit |
100,533,450,661 |
71,934,233,401 |
47,997,365,813 |
|
Provision for Severance &
Retirement |
5,544,715,025 |
11,544,375,348 |
14,501,702,518 |
|
Capital Stock |
128,650,595,000 |
128,650,595,000 |
128,650,595,000 |
|
Capital Surplus |
241,245,256,416 |
241,245,256,416 |
241,245,256,416 |
|
Others |
19,910,299,892 |
4,175,624,953 |
671,073,408 |
|
Profit Surplus |
1,710,022,787,737 |
1,347,933,422,089 |
1,004,231,148,312 |
|
Total Equity |
2,099,828,939,045 |
1,722,004,898,458 |
1,374,798,073,136 |
|
Liab. & Shareholder’s Equity |
4,114,711,537,234 |
3,873,590,111,711 |
3,553,860,078,556 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Sales |
6,287,025,159,453 |
6,253,825,028,955 |
5,634,181,159,827 |
|
Cost of Sold Goods |
5,603,061,771,409 |
5,568,938,921,057 |
5,168,280,027,071 |
|
Gross Profit |
683,963,388,044 |
684,886,107,898 |
465,901,132,756 |
|
Selling Expenses |
115,623,404,684 |
118,689,034,893 |
105,752,094,720 |
|
Admin. Expenses |
101,748,748,977 |
97,959,083,385 |
90,899,372,771 |
|
Operating Income |
466,591,234,383 |
468,237,989,620 |
269,249,665,265 |
|
Non-Operating Income |
86,096,395,742 |
74,073,537,429 |
92,545,449,579 |
|
Non-Operating Expenses |
66,013,857,624 |
46,838,650,988 |
53,570,665,140 |
|
Finance Income |
24,857,475,514 |
14,193,972,311 |
6,271,354,242 |
|
Finance Expenses |
26,353,705,608 |
32,764,861,732 |
37,299,562,854 |
|
Income Before Taxes |
485,177,542,407 |
476,901,986,640 |
277,196,241,092 |
|
Income Taxes Expenses |
110,062,514,920 |
113,108,078,619 |
60,505,484,169 |
|
Net Income |
375,115,027,487 |
363,793,908,021 |
216,690,756,923 |
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Operating Activities Cash Flows |
511,878,391,698 |
466,582,567,781 |
129,411,976,648 |
|
Net Income |
375,115,027,487 |
363,793,908,021 |
216,690,756,923 |
|
-Exp. without Cash Outflow |
275,983,617,064 |
293,771,915,153 |
230,971,068,824 |
|
-Revenue without Cash Inflows |
-45,009,611,156 |
-42,416,787,809 |
-49,486,174,154 |
|
-Changes in Asset/ & Liability |
15,956,156,119 |
-86,919,318,801 |
-236,448,124,107 |
|
Interests Received |
14,907,925,461 |
12,369,081,034 |
6,200,067,428 |
|
Interests Paid |
-17,964,469,581 |
-28,447,967,433 |
-31,929,812,671 |
|
Dividends Received |
9,643,450,891 |
191,088,856 |
30,984,912,557 |
|
Income Taxes |
-116,753,704,587 |
-45,759,351,240 |
-37,570,718,152 |
|
Cash Flows from Investing |
-466,934,996,348 |
-454,654,988,347 |
-236,827,679,111 |
|
Cash Flows from Financing |
-84,028,049,499 |
-25,909,258,760 |
266,363,670,175 |
|
Increase/Decrease in Cash |
-39,084,654,149 |
-13,981,679,326 |
158,947,967,712 |
|
Cash at the Beginning of Year |
278,388,944,685 |
292,370,624,011 |
133,419,428,678 |
|
Cash at the End of Year |
239,303,656,995 |
278,388,944,685 |
292,370,624,011 |
|
Main Products & Services |
Auto Parts Division Transmission Division Machinery Division |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
|
|
Customers |
HYUNDAI MOTOR COMPANY(110111-0085450) KIA MOTORS CORPORATION(110111-0037998) KOREA DELPHI AUTOMOTIVE SYSTEMS CORP.(110111-0384117) GM DAEWOO AUTO & TECHNOLOGY
COMPANY(120111-0294124) DAPA(KOREA) MINISTRY OF DEFENSE(THE REPUBLIC OF KOREA) GENERAL MOTORS(USA) |
|
Competitors |
DOOSAN INFRACORE CO., LTD.(120111-0234469) HWACHEON MACHINERY WORKS CO., LTD.(110111-0342181) S&T DYNAMICS CO.,LTD.(110111-0042880) TONG IL HEAVY INDUSTRIES HYUNDAI POWER TECH KOREA FLANGE CO., LTD. |
|
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) HAEVICHI RESORT CO., LTD.(224111-0006681) (25.0% held by the subject company) |
|
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 |
|
Overseas Office |
HYUNDAI WIA INDIA PRIVATE LTD.(INDIA) HYUNDAI WIA AUTOMOBILE(SHANDONG) CO., LTD.(CHINA) (30.0% held by the subject company) |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
WIA MAGNA POWERTRAIN CO., LTD.(164811-0048707) (50.0% held by the subject company) |
|
Subsidiary |
JIANGSU HYUNDAI WIA CO., LTD.(CHINA) (100.0% held by the subject company) WIA INTERNATIONAL TRADE CO., LTD.(CHINA) (100.0% held by the subject company) HYUNDAI-WIA INDIA PVT LTD (100.0% held by the subject company) WIA AUTOMOTIVE PARTS (100.0% held by the subject company) HYUNDAI-KIA MACHINE EUROPE GMBH(GERMANY) (100.0% held by the subject company) HYUNDAI-KIA MACHINE AMERICA CORP (100.0% held by the subject company) METIA CORPORATION(194211-0000068) (50.94% held by the subject company) AUTOMOBILE INDUSTRIAL ACE(135011-0029352) (100.0% held by the subject company) AUTOMOBILE INDUSTRIAL ACE CO., LTD.(135011-0029352) (100.0% held by the subject company) HYUNDAI WIA MACHINE TOOL CO., LTD.(CHINA) SHANDONG HYUNDAI WIA MOTOR DIES CO., LTD.(CHINA) |
|
Corporate Ownership |
HYUNDAY MOTOR COMPANY(110111-0085450) |
|
Major Shareholders |
HYUNDAY MOTOR COMPANY(110111-0085450) |
|
Cooperative Enterprise |
-Technical Support from BISHOP- AUSTRALIA UNIVANCE-JAPAN APPH-UK SOCIETE ANONYME AUTOMOBILES CITREON-FRANCE HITACHI SEIKI NSK, CITROEN BOSCH BRAKE SYSTEM NSK, CTIROEN COLTEC INDUSTIES ISC KAWASWKI HEAVY IND.ROBOT N.S.K. C.V.JOINT JIDOSHA KIKI CO,LTD, HITACHI SEIKI MANNESMAMN DEMAG AG WANXIANG-CHINA -Insured Company HYUNDAI MARINE & FIRE INSURANCE CO., LTD.(110111-0035893) |
|
Sales/ Unit :Mil KRW |
2010 |
2009 |
2008 |
|
Export |
3,048,385 |
1,837,756 |
1,994,542 |
|
Domestic |
1,386,510 |
1,280,471 |
1,191,975 |
|
Total |
4,434,895 |
3,118,227 |
3,186,517 |
The Subject exports to Mexico, India and
Poland.
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
|
Industrial Bank of Korea |
The Subject Company |
MNL Receivables |
885 |
Proceeding |
|
|
|
Dale Turk |
The Subject Company & Others(3) |
Claim for Compensation from Damages |
2,756 |
Proceeding |
|
|
|
Han Sung & Others |
The Subject Company & Others |
Receivables |
178 |
Proceeding |
|
|
|
The Subject Company |
Daehan Shipbuilding Co., Ltd. |
Receivables |
4,800 |
Proceeding |
|
|
|
The Subject Company |
Samho Precision Co., Ltd & Others(2) |
Transferring Properties |
585 |
Proceeding |
|
|
|
The Subject Company |
SK Total Marine Co., Ltd. |
Transferring Properties |
646 |
Proceeding |
Not Available
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.12 |
|
UK Pound |
1 |
Rs.102.71 |
|
Euro |
1 |
Rs.84.52 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.