|
Report Date : |
02.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
HANWHA CORPORATION |
|
|
|
|
Registered Office : |
86, Cheonggyecheon-ro, Jung-gu, Seoul, Korea 24th Fl.,
Hanwha Bldg 100-797 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
28.10.1952 |
|
|
|
|
Com. Reg. No.: |
202-81-16825 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacturer of Industrial Explosive, Network Equipment,
CDMA, Explosives & Pyrotechnic Products Subject has two business units
are as follows :- The Explosives Division This division makes commercial explosives, technologically advanced
defense industry products and aerospace products Trade Division This division deals with a variety of products, including petroleum, metals, and other goods by using the company's vast global network |
|
|
|
|
No. of Employees |
3,898 |
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 |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. South 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. South 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-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, dominance of large conglomerates (chaebols), and heavy reliance on exports, which comprise about half of GDP
|
Source
: CIA |
|
Company Name |
HANWHA CORPORATION (Trade Name : HWC) (Korean Company Name : “(주)한화”) |
|
Registered Address |
86, Cheonggyecheon-ro, Jung-gu, Seoul, Korea |
|
Building |
24th Fl., Hanwha Bldg. |
|
Zip Code |
100-797 |
|
Tel |
+82-2-729-1114 |
|
Fax |
+82-2-729-1762 |
|
E-mail |
hanwhacorp@hanwha.co.kr;calmmoon@hanwha.co.kr;swhong26@hanwha.co.kr
|
|
Website |
|
|
Office Address |
22 FL, Hanwha Bldg, 1 Changkyo Dong, Chun - Chiu Seoul South Korea |
|
Trading Address |
86, Cheonggyecheon-ro, Jung-gu, Seoul, Korea (Old Address System : 24th Fl., Hanwha Bldg., 1, Janggyo-dong, Jung-gu, Seoul, Korea (C.P.O Box 7423 Seoul)) |
|
Tel |
+82-2-729-1114 |
|
Fax |
+82-2-729-1762 |
|
Other Address-Asan
Factory |
15-2 Block, Asan Technovalley, San 21-9, Seokgok-ri,
Dunpo-myeon, Asan-si, Chungcheongnam-do, Korea |
|
Tel |
+82-41-538-7552 |
|
Other Address-Changwon Factory |
39, Ungnam-dong,
Changwon-si, Gyeongnam-do 641-290 Korea |
|
Tel |
+82-55-278-2880 |
|
Other Address-Gumi Factory |
258,
Gongdan-dong, Gumi-si, Gyeongbuk-do 730-030 Korea |
|
Tel |
+82-54-467-8500 |
|
Other Address-Daejeon Factory |
52-1, Waesam-dong,
Yuseong-gu, Daejeon 305-156 Korea |
|
Tel |
+82-42-829-2255 |
|
Other Address-Incheon Factory |
50,
Gojan-dong, Namdong-gu, Incheon 405-310 Korea |
|
Tel |
+82-32-460-1114 |
|
Fax |
+82-32-446-1889 |
|
Other Address-Yeosu Factor |
805, Sinwol-dong,
Yeosu-si, Jeonnam-do 550-190 Korea |
|
Tel |
+82-61-640-1114 |
|
Other Address-Cheonan Factory |
402-1,
Sinwol-ri, Seongkeo-eup, Cheonan-si, Chungnam-do 330-834 Korea |
|
Tel |
+82-41-580-3800 |
|
Other Address-Boeun Factory |
111, Eomdun-ri,
Naebuk-myeon, Boeun-gun, Chungbuk-do 376-812 Korea |
|
Tel |
+82-43-540-0114 |
|
Other Address-Onsan Factory |
753,
Wonsan-ri, Onsan-eup, Ulju-gun, Ulsan 689-892 Korea |
|
Tel |
+82-52-237-6512 |
|
Other Address-Yeongnam Business Dept. |
127-8, Gamjeon-dong, Sasang-gu, Busan 617-250 Korea |
|
Tel |
+82-51-312-9955 |
|
Other Address-Donghae Branch |
San 24, Mangsang-dong, Donghae-si, Gangwon-do 240-080 Korea |
|
Tel |
+82-33-532-2747 |
|
Other Address-Taeback Branch |
253-119, Hwangji-dong, Taeback-si, Gangwon-do 235-010 Korea |
|
Tel |
+82-33-552-2410 |
|
Fax |
+82-33-552-3664 |
|
Other Address-Gwangju Branch |
1352, Songjeon 2-dong, Gwangsan-gu, Gwangju 506-807 Korea |
|
Tel |
+82-62-942-8011 |
|
Other Address- Busan Branch |
47, Daechang-dong 1-ga, Jung-gu, Busan 600-101 Korea |
|
Tel |
+82-51-469-6066 |
|
Other Address-Cheonan Branch |
89, Namgwan-ri, Pungse-myeon, Cheonan-si, Chungnam-do 330-911 Korea |
|
Tel |
+82-41-578-7224 |
|
Other Address-Jecheon Branch |
169-1, Sigok-ri, Songhak-myeon, Jechon-si, Chungbuk-do 390-813 Korea |
|
Tel |
+82-43-647-3644 |
|
Other Address-Guro Business Office |
52-357, Gocheok-dong, Guro-gu, Seoul 152-080 Korea |
|
Tel |
+82-2-2689-1404 |
|
Other Address-Goyang Branch |
San 118, Yongdu-dong, Deokyang-gu, Goyang-si, Gyeonggi-do 412-110 Korea |
|
Tel |
+82-2-353-1770 |
|
Other Address-Jeomchon Branch |
524-1, Gongpyeong-dong, Mungyeong-si, Gyeongbuk-do 745-150 Korea |
|
Tel |
+82-54-552-2318 |
|
Type |
Export/Import |
|
Main Business |
Manufacturer of Industrial Explosive, Network Equipment,
CDMA, Explosives & Pyrotechnic Products Subject has two business units
are as follows :- The Explosives Division This division makes commercial explosives, technologically advanced defense
industry products and aerospace products Trade Division This division deals with a variety of products, including petroleum, metals, and other goods by using the company's vast global network |
|
Established (mm/dd/yyyy) |
10/28/1952 |
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Explosive initiators(12131704) |
|
Sell |
Polyvinyl Chloride PVC(13102030) |
|
Sell |
Dynamite(12131501) |
|
Sell |
Fireworks(12131601) |
|
Sell |
Igniters(12131700) |
|
Sell |
Gold(11101801) |
|
Sell |
Bombs and grenades(46111500) |
|
Sell |
Stainless steel plate(30102205) |
|
Sell |
Bearings(31171500) |
|
Sell |
Newsprint and offset papers(14121900) |
|
Sell |
Coated papers(14121800) |
|
Sell |
Art or craft paper(14111606) |
|
Sell |
Pyrotechnics(12131600) |
|
Sell |
Blasting caps(12131701) |
|
Sell |
Metal and mineral industries(73120000) |
|
Sell |
Organic derivatives and substituted compounds(12352100) |
|
Sell |
Ammonia(12142103) |
|
Sell |
International trade services(80151600) |
|
Sell |
Printing and writing paper(14111500) |
|
Sell |
Inorganic compounds(12352300) |
|
Sell |
Meat and poultry(50111500) |
|
Sell |
Airbags(25172101) |
|
Sell |
Demolition services(72103003) |
|
Sell |
Civil engineering(81101500) |
|
Sell |
Lip balm(53131630) |
|
Name |
Kim
Seung-Yon |
|
Address |
|
|
Date of Birth |
02/07/1952 |
|
Title |
Chairman &
CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
377,190,145,000 |
|||||||||||||||||||||||||||||||||
|
Employees |
3,898 |
|||||||||||||||||||||||||||||||||
|
Formation |
Listed Company
(Korea Stock Exchange: 000880)
as of 06/25/1976 A Company of
HANWHA GROUP |
|||||||||||||||||||||||||||||||||
|
Bank Details |
Woori Bank-
Euljiro 1-Ga Branch Korea
Development Bank Korea Exchange
Bank Kookmin Bank Shinhan Bank |
|||||||||||||||||||||||||||||||||
|
Corporate
Registered No. |
110111-0002959 |
|||||||||||||||||||||||||||||||||
|
Business
Registered No. |
202-81-16825 |
|||||||||||||||||||||||||||||||||
|
Permit &
Licenses |
09/1995 ISO
9002 Int’l Trade
No.: 672438 |
|||||||||||||||||||||||||||||||||
|
Shareholder
Position |
|
|||||||||||||||||||||||||||||||||
|
Company
History |
12/31/2012
Transferred Aerospace Business to HANWHA TECHM CO.,
LTD.(194211-0056095) 10/01/2010
Acquired MICROAEROBOT CO., LTD.(110111-2798069) 12/02/2008
Awarded US$2 Billion Export Top Prize 04/01/2008 Acquired
CENTEC.CO., LTD(180111-0157403) 01/23/2008
Acquired Sentec Co., Ltd. 07/2007
Participated in Yemen’s 4 Zone Oil Development Project 05/2005 Signed
business agreement to develop the land for the Incheon factory 11/2003 Sold
Information & Communications Division’s Switchboard Unit 06/2003 Sold
Information & Communications Division’s Mobile Communications Unit 04/2003
Formally announced ethical management initiative 07/2002
Spun-off Construction Division (Hanwha Engineering & Construction Co.)
and Machi 03/2002 Sold
Information & Communications Division’s Transmission Operations Unit and
u 12/2001
Acquired Defense Product Unit from Daewoo Electronics (currently the Gumi
factor 03/2001
Spun-off Information Division (Hanwha S&C) 09/2000
Machinery Division acquired aircraft components factory (CheonanFactory) 12/1999
Spun-off Pharmaceutical Division (H-Pharm Co.) 12/1999
Spun-off Power Generation Division (Hanwha Energy Co.) 09/1999
Acquired Power Generation Unit from Korea Energy (formerly Hanwha Energy) 12/1998
Incorporated with Hanwha Machine Co. (Machinery Division) 11/1998
Awarded the Silver Tower Industrial Medal and the $1 Billion Export Tower
award 01/1996
Incorporated with Hanwha Electronic Information & Communication Co.
(Information 02/1996 Incorporated
with Duksan Construction Co. (Construction Division) 12/1995
Assumed operations of Central Pharmacy 09/1995
Received ISO 9002 certification 01/1995
Incorporated with Golden Bell Trading Co. (Trade Division) 03/1993
Officially became Hanwha Corporation 05/1992
Completed construction of Nitrate Manufacturing Plant in Incheon 01/1991
Completed construction of Boeun factory 11/1990
Received Korea Productivity Grand Prize 01/1989 Sold
Kimpo Ceramics’ Factory 01/1988
Incorporated with Sanda Co. (currently the Explosives Division’s Changwon
facto 07/1987
Acquired Daejeon factory 04/1984
Acquired Kimpo Ceramics’ factory 11/1982
Awarded the Gold Tower Industrial Medal and the $100 Million Export Tower
award 12/1979
Established Central Research Institute 08/1978
Completed construction of Yeosu Factory 06/1976
Company’s IPO (Capital stock: KRW 3.274 million) 05/1974
Officially designated as a Defense Contractor 01/1955
Acquired Chosun Oil & Fat Company’s Incheon factory 01/1952
Incorporated as Korea Explosive Co., Ltd. |
|||||||||||||||||||||||||||||||||
|
|
|
Management
|
Job
Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman
& CEO |
Mr. |
Kim
Seung-Yon |
Korean |
1952.02.07 |
De Paul
University, USA |
|
Outside
Director |
Mr. |
Choi Dong-Jin |
Korean |
1946.05.13 |
Korea Military Academy, Korea |
|
Outside
Director |
Mr. |
Jung Jin-Ho |
Korean |
1954.10.30 |
Korea University, Korea |
|
Outside
Director |
Mr. |
Hwang Eui-Don |
Korean |
1953.12. |
Korea Army Academy |
|
Outside
Director |
Mr. |
Kim Soo-Ki |
Korean |
1943.02.04 |
Dongkuk University, Korea |
|
Outside
Director |
Mr. |
Choi Jung-Ho |
Korean |
1954.10. |
Pennsylvania
University, USA |
|
Outside
Director |
Mr. |
Kang Seok-Hoon |
Korean |
1963.08. |
Seoul National
University, Korea |
|
Outside
Director |
Mr. |
Noh Sun-Ho |
Korean |
1957.02. |
Seogang
University, Korea |
|
Year / Unit :
KRW |
Sales |
Assets |
Net Income |
|
(*)2013 |
5,340,879,000,000 |
6,276,926,000,000 |
53,810,000,000 |
|
(*)2012 |
5,242,016,000,000 |
5,947,457,000,000 |
69,287,000,000 |
|
(*)2011 |
5,426,939,000,000 |
6,160,600,000,000 |
69,558,000,000 |
|
2010 |
5,230,965,000,000 |
6,044,104,000,000 |
129,870,000,000 |
|
2009 |
4,675,860,457,962 |
5,649,188,742,823 |
561,470,674,214 |
|
2008 |
4,942,288,330,531 |
5,207,421,767,749 |
293,413,143,362 |
|
2007 |
3,466,903,819,977 |
4,195,706,697,459 |
215,850,116,823 |
|
2006 |
2,293,081,639,543 |
4,205,878,343,488 |
272,854,639,481 |
|
2005 |
2,150,672,516,399 |
3,448,001,532,340 |
114,157,122,401 |
|
2004 |
2,378,598,196,724 |
3,384,245,709,314 |
241,737,091,895 |
|
2003 |
2,200,754,855,949 |
2,513,734,991,708 |
70,206,212,572 |
(*)Figures are
based on the K-IFRS Accounting System.
Financial Description
|
Authorized
Capital(KRW) |
1,000,000,000,000 |
|
Paid-Up
Capital(KRW) |
377,190,145,000 |
|
Total Issues
Shares |
75,438,029 |
|
Balance Sheet |
|||
|
Unit : Million Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Total
Assets |
6,276,926 |
5,947,457 |
6,160,600 |
|
Current
Assets |
1,639,085 |
1,502,518 |
1,728,516 |
|
Cash
& Cash Equivalents |
94,723 |
69,078 |
19,452 |
|
Marketable
Financial Instruments |
35 |
3,000 |
3,000 |
|
Trade
Receivables & Other Receivables |
921,849 |
706,767 |
946,043 |
|
Other
Finance Assets |
22,845 |
35,059 |
19,370 |
|
Other
Current Assets |
95,666 |
79,503 |
80,278 |
|
Inventories |
503,967 |
603,880 |
660,373 |
|
Marketable Assets |
|
5,231 |
|
|
Non-Current
Assets |
4,637,841 |
4,444,939 |
4,432,084 |
|
Marketable
Financial Instruments |
8,454 |
5,816 |
5,958 |
|
Trade
Payables & Other Payables |
|
68 |
25 |
|
Other
Finance Assets |
32,662 |
26,679 |
26,104 |
|
Investment_Related
Companies |
3,681,464 |
3,531,914 |
3,505,061 |
|
Investment_Real
Estates |
44,406 |
44,014 |
44,122 |
|
Tangibles |
771,373 |
742,326 |
747,463 |
|
Intangibles |
95,085 |
91,613 |
101,586 |
|
Other
Non-Current Assets |
4,397 |
2,509 |
1,765 |
|
Total
Liabilities |
3,642,695 |
3,343,315 |
3,586,396 |
|
Current
Liabilities |
2,327,039 |
1,880,024 |
2,083,345 |
|
Trade Payables & Other Payables |
954,961 |
632,978 |
783,248 |
|
Long-Term
Borrowings |
1,129,359 |
1,015,967 |
1,036,129 |
|
Other
Non-Current Financial Debts |
38,937 |
51,444 |
43,337 |
|
Other Current Liabilities |
177,217 |
179,635 |
216,455 |
|
Current Provisions |
6,560 |
|
|
|
Deferred
Income Tax Credit |
20,005 |
|
4,176 |
|
Non-Current
Liabilities |
1,315,656 |
1,463,291 |
1,503,051 |
|
Long-Term
Trade Payables & Other Payables |
12,949 |
13,537 |
14,407 |
|
Long-Term
Borrowings |
871,892 |
998,557 |
1,048,748 |
|
Other Finance Liabilities |
3,512 |
90 |
90 |
|
Confirmed Salaries |
172,740 |
166,707 |
152,015 |
|
Provision |
4,133 |
9,960 |
7,328 |
|
Deferred
Income Tax Credit |
250,430 |
274,440 |
280,463 |
|
Capital
Stock |
377,190 |
377,190 |
377,190 |
|
Capital
Surplus |
339,257 |
339,257 |
339,257 |
|
Installments |
-20,751 |
-20,751 |
-20,751 |
|
Installments |
-687 |
-504 |
-357 |
|
Profit
Surplus |
1,939,222 |
1,908,950 |
1,878,865 |
|
Total
Equity |
2,634,231 |
2,604,142 |
2,574,204 |
|
Liab.
& Shareholder’s Equity |
6,276,926 |
5,947,457 |
6,160,600 |
|
Income
Statement |
|||
|
Unit : Million Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Sales |
5,340,879 |
5,242,016 |
5,426,939 |
|
Cost
of Sold Goods |
4,908,055 |
4,847,661 |
5,062,867 |
|
Gross
Profit |
432,824 |
394,355 |
364,072 |
|
Selling
& Admin. Expenses |
320,775 |
281,612 |
251,455 |
|
Operating
Income |
112,049 |
112,743 |
112,617 |
|
Other
Income |
132,792 |
117,649 |
183,940 |
|
Other
Expenses |
187,427 |
152,134 |
174,387 |
|
Finance
Income |
74,827 |
85,257 |
78,610 |
|
Finance
Expenses |
79,757 |
91,463 |
97,771 |
|
Income
Before Taxes |
52,484 |
72,052 |
103,009 |
|
Income
Taxes Expenses |
-1,326 |
2,765 |
33,451 |
|
Net
Income |
53,810 |
69,287 |
69,558 |
|
Cash Flows |
|||
|
Unit : Million Korean Won |
As of 12/31/2013 |
As of 12/31/2012 |
As of 12/31/2011 |
|
Operating
Activities Cash Flows |
317,836 |
266,248 |
302,867 |
|
Cash
Flows from Operating |
317,712 |
281,882 |
341,070 |
|
Income
Taxes |
124 |
-15,634 |
-38,203 |
|
Cash
Flows from Investing |
-169,928 |
-22,985 |
-82,624 |
|
Cash
Flows from Financing |
-122,263 |
-193,637 |
-208,255 |
|
Increase/Decrease
in Cash |
25,645 |
49,626 |
11,988 |
|
Cash
at the Beginning of Year |
69,078 |
19,452 |
7,464 |
|
Cash
at the End of Year |
94,723 |
69,078 |
19,452 |
Products,
Technologies, Services Description
|
Main Products
& Services |
EXPLOSIVES BUSINESS Explosives -Explosives -Accessories Nitric Products -Nitric Acid -Ammonia Defense Products -Guided Weaponry -Rockets -Illumination Cartridges -Grenades -Fuzes -High Explosives -Propellants -Undersea Equipment Inflators -Driver's Seat -Passenger Seat -Sides Fireworks -Nighttime Fireworks -Daytime Fireworks -Ground Fireworks -Special Effects -Signals Aerospace Products -Fixed Wing -Rotary Wing -Space Brand Name: MegaMite, Hanwha, NewMITE Plus |
|
|
|
|
Main Products
& Services |
MegaMite is a nitroglycol-based gelatin dynamite with good water- and cold-resistance. The unparalleled detonation power and velocity makes it an all-purpose explosives for both soft and super hard rocks. In particular, it is suitable to blow up hard and super hard rocks that are hardly affected by emulsion explosives. HiDETO Plus is an electric detonator with RDX 650mg as its base charge, and is used to detonate a blast hole electrically. There are basically two types of products: MS(Millisecond) delay detonators with a stage-to-stage interval of 20ms and LP(Long Period) delay detonators with a stage-to-stage interval of 100∼500ms. They are generally effective both for open-area and underground blasting. Also, their excellent millisecond precision is effective in minimizing the blasting vibration and improving fragmentation. With the coloring of leg wires, shell bodies, etc. they are extremely easy to discern. Driver's Seat In 2001, Hanwha completed the localization of two kinds of inflators through technology cooperation with TRW. The two are: FG inflator that uses Azide as the explosive facilitating the generation of gas to inflate the airbag; and the ADI inflator that uses non-Azide, an environment friendly product. Currently, these products are manufactured at the Hanwha Boeun factory which is the only inflator manufacturer in Korea. Passenger Seat The representative products are PPI3 and PHI-2. PPI3 uses non-Azide propellant as the main source of gas generation to inflate airbags while PHI2 uses compressed inert gas. These products are manufactured at TRW. In Korea, the installation of passenger-side airbags is increasing rapidly in order to enhance vehicle safety. Sides It uses compressed inert gas to inflate side airbags and is currently manufactured at TRW of Germany. The demand for inflators for side airbags is expected to increase in Korea in order to increase vehicle safety. Korean Fighter Program HANWHA was designated as a specialized FCISA(Flight Control Integrated Servo Actuator) supplier for KFP program by Korea MND and successfully delivered to KAI. We fully support our customer, ROKAF, by repair and overhaul. |
|
Main Products
& Services |
TRADE BUSINESS Petroleum Petrochemicals Plastic Resin Chemicals -Inorganic -Organic Chemical -Chemical Export Transportation Equipment Metals Bearings Machinery Equipment -Pneumetic -General Purpose Valves -Bush -LM Defense Products -Ammunitions -Rockets -Fuzes -Propelling Charges -Hand Grenades and Mines -Bombs and Demolitions -Other Suppliable Defense Livestock -Beef -Pork
Salt Plastic Products Papers Cut Flowers |
Trade Partners &
Competitors
|
Suppliers |
HUCHEMS FINE
CHEMICAL CORPORATION 5 FL., KUKDONG
BLDG., 60-1, CHUNGMURO 3-GA, JUNG-GU, SEOUL 100-705 KOREA TEL:
82-2-2262-0600 FAX: 82-2-2265-9381 INDUSTRY: MANUFACTURE
OF ALL OTHER CHEMICAL PRODUCTS N.E.C. TAEYOUNG
INDUSTRY CORPORATION 1-1,
YONGJAM-DONG, NAM-GU, ULSAN 680-070 KOREA TEL:
82-52-228-3300 FAX: 82-52-228-3388 INDUSTRY:
WATER FREIGHT HANDLING HANWHA
CHEMICAL CORPORATION HANWHA LIVING
&CREATIVE CORPORATION HANWHA
ENGINEERING & CONSTRUCTION CORPORATION YEOCHUN
NAPHTHA CRACKING CENTER CO., LTD. HANWHA S &
C CO., LTD. TRW |
|
Customers |
DEFENSE
PROCUREMENT AGENCY HANWHA
CHEMICAL CORPORATION HANWHA LIVING
&CREATIVE CORPORATION HANWHA
ENGINEERING & CONSTRUCTION CORPORATION YEOCHUN
NAPHTHA CRACKING CENTER CO., LTD. HANWHA S &
C CO., LTD. NOVELIS KOREA
LIMITED(175611-0003950) HANWHA
INTERNATIONAL (S) PTE LTD.(SINGAPORE) HYUNDAI
CONSTRUCTION EQUIPMENT USA INC.(USA) MARUBENI
CORPORATION TOKYO(JAPAN) |
|
Competitors |
SK NETWORKS
CO., LTD. 4,
PYEONG-DONG, GWONSEON-GU, SUWON-SI, GYEONGII-DO 441-230 KOREA TEL:+82-2-2221-2016 FAX:+82-2-2221-0080 INDUSTRY:
WHOLESALE OF NON-SPECIALIZED GOODS HYUNDAI
CORPORATION HUNGKUK LIFE
INSURANCE BD 226, SINMUNNO 1-GA, JONGNO-GU, SEOUL 110-786 KOREA TEL:+82-2-390-1114 FAX:+82-2-390-1101 INDUSTRY:
WHOLESALE OF NON-SPECIALIZED GOODS LG
INTERNATIONAL CORP. 12 FL., LG
TWIN TOWER EAST ANNEX, 20, YEOUIDO-DONG, YEONGDEUNGPO-GU, SEOUL 150-721 KOREA TEL:+82-2-3773-5114 FAX:+82-2-3773-5446 INDUSTRY:
WHOLESALE OF NON-SPECIALIZED GOODS DAEWOO
INTERNATIONAL CORPORATION DAEWOO CENTER
BLDG., 541, NAMDAEMUNNO 5-GA, JUNG-GU, SEOUL 100-714 KOREA TEL:+82-2-759-2114 FAX:+82-2-753-9489 INDUSTRY:
WHOLESALE OF NON-SPECIALIZED GOODS HYOSUNG CORPORATION HYOSUNG BLDG.,
450, GONGDEOK 2-DONG, MAPO-GU, SEOUL 121-720 KOREA TEL:+82-2-707-7000 FAX:+82-2-707-0130 INDUSTRY:
MAN-MADE FIBERS SPINNING SAMSUNG
CORPORATION 310,
TAEPYEONGNO 2-GA, JUNG-GU, SEOUL 100-865 KOREA TEL:+82-2-2145-2114
FAX:+82-2-2145-3114 INDUSTRY:
WHOLESALE OF NON-SPECIALIZED GOODS |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestics |
HANWHA
CHEMICAL CORPORATION (110111-0360935) HANWHA
TIMEWORLD CO., LTD. (160111-0003410) HANWHA
SECURITIES CO.,LTD (110111-0003155) HANWHA
NON-LIFE INSURANCE CO., LTD. (110111-0006456) HANWHA L&C CORPORATION(110111-1725930) HANWHA
POLYDREAMER CO.,LTD (161511-0001861) HANWHA STATION
DEVELOPMENT CO., LTD. (110111-0544133) HANWHA
CHONGNYANGNI STATION DEVELOPMENT CO., LTD. (110111-3008376) HANWHA
INVESTMENT TRUST MANAGEMENT CO., LTD. (110111-0571201) HANWHA VC
CORP. (110111-1912909) KLI INSURANCE
INVESTIGATION CO., LTD. (110111-3192913) KOREA TELE
MARKETING & SERVICES CO., LTD (110111-3199349) RADISSON SEOUL
PLAZA HOTEL (110111-0154776) HAN COMM. INC.
(110111-0362957) ENVIRONMENT
FACILITIES MANAGEMENT CORPORATION (141411-0006564) DREAMPHARMA
CORP. (110111-1181025) HANWHA S&C
CO., LTD (110111-2204470) GUNPO ECOTECH
CORPORATION (110111-2629941) HANWHA 63 CITY
CORPORATION (110111-0425622) DAEDEOK TECHNO
VALLEY CO., LTD (160111-0115059) YANGJU ENVIRO
CORPORATION (110111-2503244) HANWHA CITY
DEVELOPMENT CO.,LTD (160111-0182230) KUMDAN ECOTECH
CORPORATION (110111-3205659) HANWHA GALLERIA CO., LTD.( 110111-0202989) HANWHA Q CELLS KOREA CORP.(110111-4572619) HANWHA TOUR HANWHA RESORT
CO.,LTD (110111-0249709) (50.0% HELD BY
THE SUBJECT COMPANY) KOREA LIFE
INSURANCE CO.,LTD (110111-0003204) (26.3% HELD BY
THE SUBJECT COMPANY) HANWHA EAGLES
PROFESSIONAL BASEBALL CLUB (160111-0007214) (40.0% HELD BY
THE SUBJECT COMPANY) DANGJIN TECHNO
POLIS CO., LTD(165011-0022657) (12/03/2007
Joined as an Affiliated company) AZDEL INC.
(11/21/2007 Joined as an Affiliated company) HANWHA
INDEPENDENT ENERGY CORPORATION(110111-3780932) (12/03/2007
2007 Joined as an Affiliated company) GIMHAE TECHNO
VALLEY CO.,LTD.(195511-0120447) (10/01/2009
Joined as an Affiliated company) HANWHA
CHEMICAL OVERSEAS HOLDINGS, CO., LTD.(110111-4137207) (08/04/2009
Joined as an Affiliated company) |
|
Affiliates-Overseas |
KOREA LIFE
INVESTMENT (AMERICA) LTD. HANWHA
(SHANGHAI) CO., LTD. HANWHA
CHEMICAL THAILAND. MAXFORMA
INCORPORATED. UNION
INDUSTRIAL DEVELOPMENT INC. BOR
DEVELOPMENT LLC. MAXFORMA
HOLDINGS INCORPORATED MAXFORMA
PLASTICS LLC. HANWHA CHEMICAL
(BEIJING) CO., LTD. HANWHA
CHEMICAL (SHANGHAI) CO., LTD. UNIVERSAL
BEARINGS INC. HANWHA AMERICA
DEVELOPMENT INC. HANWHA
LANCASTER LLC. HANWHA
DEVELOPMENT SERVICES LLC. LANCASTER
DEVELOPMENT GROUP LLC. HANWHA
INTERNATIONAL(S) PTE LTD. MGM RT. ACROPARK GOLF
CORP. HANWHA BANK
HUNGARY LTD. HANWHA FIRST
INVESTMENT CO.,BV HANWHA
CHANDLER LLC. CHANDLER LLC. HANWHA SONORAN
LLC. SONORAN VISTA
LLC. HANWHA SAUDI
CONTRACTING CO. LTD. HANWHA
RESOURCES (CANADA) LTD. HANWHA L&C
CANADA INC. HANWHA PARCEL
LLC HANWHA
INTERNACIONAL DO BRASIL INTERMEDIACOES DE NEGOCIOS LTDA. HANWHA
CORSICANA LLC HANWHA PARCEL
O LLC HANWHA Q CELLS JAPAN CO., LTD. HANWHA LIFE INSURANCE COMPANY LIMITED. (VIETNAM) HANWHA SOLARONE TECHNOLOGY CO., LTD. HANWHA SOLARONE (QIDONG) CO., LTD. HANWHA SOLARONE HONG KONG LIMITED HANWHA SOLARONE INVESTMENT HOLDING LTD. HANWHA SOLARONE CO., LTD. |
|
Overseas
Office |
HANWHA
CORPORATION BEIJING
REPRESENTATIVE OFFICE 1804 CAPITAL
TOWER BUILDING TOWER A&B NO.6 JIA JIANGUOMENWAI AVENUE, CHAOYANG DISTRICT,
BEIJING, CHINA TEL
:+86-10-6517-0012 FAX :+86-10-6517-0025 HANWHA
CORPORATION GUANGZHOU
REPRESENTATIVE OFFICE RM 1903, WEST
TOWER, FORTUNE PLAZA, #114-118, TIYUNDONG ROAD, GUANGZHOU, CHINA TEL :+86-20
-3893-1567 FAX :+86-20- 3893-2760 HANWHA CORPORATION SHANTOU
REPRESENTATIVE OFFICE RM 6-03, 6F
MERITUS HOTEL, JINDHA ROAD, SHANTOU, CHINA TEL
:+86-754-8863-3006 FAX 86-754-8863-4209 HANWHA
CORPORATION URUMQI
REPRESENTATIVE OFFICE 11TH FLOOR, ”D”RM
FOUNTAIN PLAZA, #86 ZHONG-SHAN ROAD, URUMQI, XINJIANG, CHINA TEL
:+86-991-282-2512,2513 FAX :+86-991-236-3796 HANWHA
CORPORATION SHENZHEN
REPRESENTATIVE OFFICE RM 22E2, TIMES
PLAZA, NO.1 TAIZI ROAD, SHEKOU, SHENZHEN, CHINA TEL :+86-755-
2667-3782 FAX :+86-755- 2667-3719 HANWHA
CORPORATION SHENYANG
REPRESENTATIVE OFFICE RM 1702,
TOWER2, SHENYANG CITY PLAZA, NO.206, NANJING NORTH ST., HEPING DIST,
SHENYANG, CHINA TEL :+86-24-
2334-1065 FAX :+86-24-2334-1096 |
|
Overseas
Office |
HANWHA
CORPORATION TAIPEI
REPRESENTATIVE OFFICE 8F-4, 207,
TUN-HWAN ROAD, TAIPEI, TAIWAN TEL
:+886-22-547-3355 FAX :+886-22-546-9955 HANWHA
CORPORATION JAKARTA
REPRESENTATIVE OFFICE S.WIDJOJO
BUILDING 9TH FLOOR, JL.JEND. SUDIRMAN 71, JAKARTA 12190, INDONESIA TEL :+62-21-520-5815
FAX :+62-21-520-5810 HANWHA
CORPORATION HO CHI MINH
REPRESENTATIVE OFFICE SAIGON
RIVERSIDE OFFICE CENTER 15FL, ROOM 1504 2A-4A TON DUC THANG ST., DIST.1.,
HCMC, VIETNAM TEL
:+84-8-822-7301 FAX :+84-8-822-7302 HANWHA
CORPORATION MANILA REPRESENTATIVE
OFFICE 168 GOLDEN
ROCK BLDG. 4TH FLOOR UNIT 4012 168 SALCEDO ST. LEGASPI VILLAGE, MAKATI CITY,
PHILIPPINES 1229 TEL
:+63-2-840-1330 FAX :+63-2-893-9482 HANWHA
CORPORATION ATHENS
REPRESENTATIVE OFFICE RIZARIOU 2A
AND MIKRAS ASIAS 66, CHALANDRI, 15233, ATHENS, GREECE TEL
:+30-210-685-8280 FAX :+30-210-685-8240 HANWHA
CORPORATION MOSCOW
REPRESENTATIVE OFFICE LENINSKY
PROSPEKT 113 / 1, PARK PLACE BUSINESS CENTER, OFFICE 212D MOSCOW 117198,
RUSSIA TEL
:+7-495-662-3001~2 FAX :+7-495-662-3003 |
|
Subsidiary |
HANWHA E&C
(110111-2558405) (100.0% held
by the subject company) HANWHA TECHM
CO.,LTD (194211-0056095) (100.0% held
by the subject company) HANWHA HONG
KONG (100.0% held
by the subject company) HANWHA Q CELLS JAPAN CO., LTD. (100.0% held
by the subject company) HANWHA EUROPE
GMBH (100.0% held
by the subject company) HANWHA
MACHINERY AMERICA CORPORATION (100.0% held
by the subject company) HANWHA YANHU
CHEMICAL CO. (60.0% held by
the subject company) HANWHA
INTERNATIONAL(SHANGHAI) CO. (100.0% held
by the subject company) HANWHA AGRITECH LTD. (100.0% held
by the subject company) S&P WORLD NETWORKS JLT (100.0% held
by the subject company) PT HANWHA MINING SERVICES INDONESIA (99.0% held by
the subject company) |
|
Subsidiary |
HANWHA (H.K.)
CO., LTD. UNIT 2709, THE
CENTER, 99 QUEEN’S ROAD,CENTRAL, HONG KONG TEL :
852-2529-9325 FAX :+852-2529-4678 HANWHA
INTERNATIONAL (SHANGHAI) CO.,LTD. RM.2101,
DAWNING CENTRE EAST,NO.500 HONGBAOSHI ROAD, CHANGNING DISTRICT, SHANGHAI
201103 CHINA TEL: 86-21-3126-9889
FAX: 86-21-3209-2312 HANWHA YANHU
CHEMICAL CO., LTD. YANHU, EAST
SUBURB URUMQI, XINJIANG, CHINA TEL:
86-991-594-0275 FAX: 86-991-236-0277 HANWHA Q CELLS JAPAN CO., LTD. (100.0% held
by the subject company) WWW.HANWHA-JAPAN.COM HANWHA BLDG.
8F, 10-1, SHIBA-4 CHOME, MINATO-KU, TOKYO 108, JAPAN TEL :
81-3-5441-5900 FAX :+81-3-5441-5921 HANWHA
INTERNATIONAL (S) PTE LTD. 4 SHENTON WAY
#15-05/06 SGX 2 CENTER, SINGAPORE 068807 TEL:
65-6227-3139 FAX: 65-6227-9337 HANWHA EUROPE
GMBH WWW.HANWHA.DE
MERGENTHALLER ALLEE 79-81, 65760 ESCHBORN, GERMANY TEL :
49-6196-5016-0 FAX :+49-6196-5016-90 HANWHA
INTERNATIONAL LLC. 2559 RT. 130
CRANBURY, NJ 08512, USA TEL:
1-609-655-2500 FAX: 1-609-655-0711 UNIVERSAL
BEARINGS LLC. WWW.UNIVBRG.COM 431 NORTH
BIRKEY DRIVE, BREMEN, IN 46506, USA TEL :
1-574-546-2261 FAX :+1-574-546-5085 |
|
Corporate
Ownership |
The Subject
company is the ultimate company of HANWHA GROUP. |
|
Cooperative
Enterprise |
CLAVERHAM-UK YICOM-YEMEN -Insured
Comp[any FIRST FIRE & MARINE INSURANCE CO.,
LTD.(110111-0017586) |
(Activity &
Markets)
|
Sales/ Unit
:Mil KRW |
09/2011 |
2010 |
2009 |
|
Export |
42,459 |
79,938 |
79,938 |
|
Domestic |
584,228 |
901,738 |
901,738 |
|
Total |
626,687 |
981,676 |
981,676 |
(Activity &
Markets)
|
Sales/ Unit
:Mil KRW |
09/2011 |
2010 |
2009 |
|
Export |
2,180,702 |
2,606,882 |
2,253,602 |
|
Domestic |
985,147 |
1,368,333 |
1,095,317 |
|
Total |
3,165,849 |
3,975,215 |
3,348,919 |
The Subject deals with the companies in China, Japan,
Russia, Singapore, Vietnam and USA.
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
Seoul District
Court |
An Individual |
The Subject Company & Others(2) |
Claim for Damage |
712 |
Proceeding |
|
|
Seoul Seobu
District Court |
Misung
Enterprise Co., Ltd.(Korea) |
The Subject Company & Others(7) |
Claim for Damage |
46 |
Proceeding |
|
|
Seoul High Court |
The Subject Company |
Samgong Engineering |
Claim for Refund on
Unfair Profit |
437 |
2nd Round
Proceeding(1st Round: The Subject Company won.) |
|
|
Cheonan District Court |
The Subject Company |
Misung Enterprise &
Kim Nam-Sun |
Claim for Promissory
Note Amount |
162 |
1st Round Proceeding |
|
|
Cheonan District Court |
The Subject Company |
Misung Enterprise |
Claim for Payment |
50 |
1st Round Proceeding |
|
|
Seoul Central District Court |
Misung Enterprise & Kim Nam-Sun |
The Subject Company |
- |
32 |
1st Round Proceeding |
|
|
Cheonan District Court |
Kim Nam-Sun |
The Subject Company |
- |
41 |
1st Round Proceeding |
|
|
- |
Sichuan Hongda (Group) Co., Ltd |
The Subject Company |
Claim for Damage |
USD 1,670,000 |
1st Round Proceeding |
|
|
- |
An individual |
The Subject Company |
Claim for KIA Motor's
SPECTRA related Case |
Unspecified |
Pending |
|
|
- |
HUCHEMSFINECHEMICALCORPORATION(110111-2611906) |
The Subject Company
& Hanwha E&C |
Claim for Damages |
4,158 |
1st Round Proceeding |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.14 |
|
|
1 |
Rs.102.83 |
|
Euro |
1 |
Rs.82.28 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.