|
Report Date : |
31.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
GM KOREA COMPANY |
|
|
|
|
Formerly Known As : |
GM DAEWOO AUTO & TECHNOLOGY COMPANY, |
|
|
|
|
Registered Office : |
233, Bupyeong-daero, Bupyeong-gu, Incheon, Korea |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
07.09.2002 |
|
|
|
|
Com. Reg. No.: |
122-81-74534 |
|
|
|
|
Legal Form : |
Co., Ltd by
shares |
|
|
|
|
Line of Business : |
Manufacture of Passenger Motor Vehicles |
|
|
|
|
No. of Employees : |
16,956 |
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 : |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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. 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 |
Basic
|
Company Name |
GM KOREA COMPANY (Ex. Company Name : GM DAEWOO AUTO & TECHNOLOGY COMPANY, “지엠대우오토앤테크놀로지(주)”) (Korean Company Name : “한국지엠(주)”) |
|
Registered
Address |
233, Bupyeong-daero, Bupyeong-gu, Incheon, Korea |
|
Building |
|
|
Zip Code |
403-857 |
|
Tel |
+82-32-520-2114 |
|
Fax |
+82-32-520-4658 |
|
E-mail |
webmaster@gmdat.com |
|
Website |
www.gmdat.com |
|
Trading Address |
233, Bupyeong-daero, Bupyeong-gu, Incheon, Korea (Old Address System : 199-1, Cheongcheon 2-dong, Bupyeong-gu, Incheon, Korea) |
|
Tel |
+82- 32-520-5147 |
|
Fax |
+82-32- 520-4653 |
|
Other Address-Boryeong Factory |
1227-1, Gwanchang-ri, Jugyo-myeon, Boryeong-si, Chungcheongnam-do, Korea |
|
Tel |
+82-41-939-5114 |
|
Fax |
+82-41-931-2177 |
|
Other Address-Gunsan Factory |
GM Daewoo Auto & Technology Company, 1589,
Soryong-dong, Gunsan-si, Jeollabuk-do, Korea |
|
Tel |
+82-63-469-5114 |
|
Fax |
+82-55-469-5177 |
|
Other Address-Changwon Factory |
GM Daewoo Auto & Technology Company, 23, Seongju-dong,
Changwon-si, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-282-8456 |
|
Fax |
+82-55-236-3339 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Passenger Motor Vehicles |
|
Main Business |
Automobile, Automotive Parts |
|
Sub Business |
|
|
Established
(mm/dd/yyyy) |
08/07/2002 |
The Subject owns
the premises of registered HQ address, Boryeong Factory, Gunsan Factory
and Changwon Factory.
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Transportation components and systems(25170000) |
|
Sell |
Automobiles or cars(25101503) |
CEO’s
|
Name |
Sergio Hosha |
|
Address |
Suite 502, 66,
Donggwang-ro 27-gil, Seocho-gu, Seoul, Korea |
|
Date of Birth |
05/21/1959 |
|
Title |
President
& CEO |
|
Sex |
Male |
|
Nationality |
Brazilian |
Profiles
|
Capital (KRW) |
166,322,885,200 |
|||||||||||||||||||||
|
Employees |
16,956 |
|||||||||||||||||||||
|
Formation |
Co., Ltd by
shares Foreign Direct Investment Corporation |
|||||||||||||||||||||
|
Bank Details |
Korea
Development Bank Woori
Bank Korea
Exchange Bank Shinhan
Bank |
|||||||||||||||||||||
|
Corporate
Registered No. |
120111-0294124 |
|||||||||||||||||||||
|
Business
Registered No. |
122-81-74534 |
|||||||||||||||||||||
|
Permit &
Licenses |
11/12/1993 ISO
9001 by TUV 12/2003
LACETTI: 1st-Rank in KP Quality Competitive Power Int’l Trade
No.: 421191 |
|||||||||||||||||||||
|
Shareholder
Position |
|
|||||||||||||||||||||
|
Company
History |
04/30/2002
Agreed on the Master Transaction Agreement(MTA) with General Motors Corporation-USA, Daewoo Motor Company and
Korea Development Bank Master
Transaction Agreement 08/07/2002 Incorporated as GM DAEWOO AUTO & TECHNOLOGY COMPANY(“지엠대우자동차기술(주)”) 09/23/2002 Increased the authorized shares to 500,000,000 shares from 1,200,000 KRW 10/17/2002
Acquired the assets and liabilities on the automobile division from Daewoo
Motor Company 03/26/2003
Changed Korean company name to GM DAEWOO AUTO & TECHNOLOGY
COMPANY(“지엠대우오토앤테크놀로지(주)”) 05/24/2004
Acquired the assets and liabilities on Auto Transmission Division from Daewoo
Power Train Co., Ltd. based on Asset Purchase Agreement(APA) 10/27/2005
Acquired the assets and liabilities on the automobile manufacturing Division
from Daewoo Incheon Motor Co., Ltd. based on Newco B Asset Transfer and
Liability Assumption Agreement(ATA) 03/27/2007
increased capital to 101,245,084,400 KRW from 101,234,871,200 KRW 03/26/2008 Increased
capital to 101,247,148,000 KRW from 101,245,084,400 KRW 10/28/2009
Increased capital to 166,322,885,200 KRW from 101,247,148,000 KRW 03/01/2011
Changed company name to the present name 10/22/2012
Decreased capital to 166,307,885,200 KRW from 166,322,885,200 KRW 11/05/2012
Increased capital to 166,322,885,200 KRW from 166,307,885,200 KRW 04/09/2013 Decreased the shares to 415,631,132 from 415,481,799 |
|||||||||||||||||||||
|
|
|
Management
|
Job
Description |
Title |
Name |
Sex |
Nationality |
Inauguration
Date |
|
President
& CEO |
Mr. |
Sergio Hosha |
Male |
Brazilian |
03/01/2012 |
|
Director |
Mr. |
James Deluka |
Male |
USA |
03/31/2014 |
|
Director |
Mr. |
Luk Bekers |
Male |
Netherlands |
03/31/2014 |
|
Director |
Mr. |
Mathew Chen |
Male |
USA |
02/10/2012 |
|
Director |
Mr. |
Cheng Jing Rey |
Male |
Chinese |
03/26/2010 |
|
Outside Director |
Mr. |
Oh Jong-Nam |
Male |
Korean |
03/26/2008 |
|
Outside Director |
Mr. |
Seo Seung-Il |
Male |
Korean |
03/30/2011 |
|
Outside Director |
Mr. |
Kim Yu-Hoon |
Male |
Korean |
03/31/2014 |
|
Outside Director |
Mr. |
Bang Young-Min |
Male |
Korean |
03/28/2012 |
|
Auditor |
Mr. |
Kim Jong-Bum |
Male |
Korean |
03/31/2014 |
Financials
|
Year / Unit :
KRW |
Sales |
Assets |
Net Income |
|
15,603,936,931,252 |
9,036,317,610,542 |
100,987,255,008 |
|
|
2012 |
15,949,674,975,330 |
10,135,710,243,401 |
-108,080,212,704 |
|
2011 |
15,068,001,223,568 |
10,216,130,724,135 |
125,275,932,958 |
|
2010 |
12,597,422,293,147 |
7,827,531,121,227 |
585,550,732,137 |
|
2009 |
9,532,541,913,373 |
8,172,726,941,644 |
-343,746,932,232 |
|
2008 |
12,310,655,134,698 |
8,853,286,368,884 |
-875,693,902,083 |
|
2007 |
12,513,655,390,999 |
7,949,447,236,134 |
540,514,081,706 |
|
2006 |
9,604,122,251,066 |
7,315,424,424,889 |
601,715,007,785 |
|
2005 |
7,531,273,630,562 |
6,467,805,295,782 |
65,463,786,954 |
|
2004 |
6,051,631,125,618 |
5,957,769,453,806 |
-172,844,544,834 |
|
2003 |
4,276,923,438,455 |
4,580,976,549,986 |
-222,635,374,932 |
Financial Description
|
Authorized
Capital(KRW) |
200,000,000,000 |
|
Paid-Up
Capital(KRW) |
166,322,885,200 |
|
Total Issues
Shares |
415,631,132 |
|
Balance Sheet |
|||
|
Unit : Korean
Won |
As of
12/31/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Total Assets |
9,036,317,610,542 |
10,135,710,243,401 |
10,216,130,724,135 |
|
Current Assets |
4,258,012,245,559 |
4,586,517,665,271 |
5,027,845,490,921 |
|
-Quick Assets |
2,971,425,690,496 |
3,207,117,228,891 |
3,265,424,690,041 |
|
-Inventories |
1,286,586,555,063 |
1,379,400,436,380 |
1,762,420,800,880 |
|
Fixed Assets |
4,778,305,364,983 |
5,549,192,578,130 |
5,188,285,233,214 |
|
-Investment |
417,023,946,554 |
601,339,690,121 |
452,138,553,674 |
|
-Tangibles |
4,303,841,247,832 |
4,428,690,911,920 |
4,312,972,107,109 |
|
-Intangibles |
12,528,882,233 |
15,153,652,718 |
20,005,985,160 |
|
-Others |
44,911,288,364 |
504,008,323,371 |
403,168,587,271 |
|
Total
Liabilities |
7,047,921,327,949 |
7,436,016,046,811 |
6,308,027,246,073 |
|
Current
Liabilities |
3,671,781,748,496 |
4,731,786,532,260 |
4,786,053,523,805 |
|
Fixed
Liabilities |
3,376,139,579,453 |
2,704,229,514,551 |
1,521,973,722,268 |
|
Capital Stock |
166,322,885,200 |
166,322,885,200 |
166,322,885,200 |
|
Capital
Surplus |
1,098,517,864,021 |
1,096,321,892,982 |
2,584,492,117,582 |
|
Profit Surplus |
-2,806,777,023 |
17,714,308,864 |
32,551,544,752 |
|
Capital
Adjustment |
726,362,310,395 |
1,419,335,109,544 |
1,124,736,930,528 |
|
Total Equity |
1,988,396,282,593 |
2,699,694,196,590 |
3,908,103,478,062 |
|
Liab. &
Shareholder’s Equity |
9,036,317,610,542 |
10,135,710,243,401 |
10,216,130,724,135 |
|
Current Liabilities |
3,671,781,748,496 |
4,731,786,532,260 |
4,786,053,523,805 |
|
Trade
Payables |
2,243,290,628,678 |
2,529,955,578,375 |
2,416,752,077,199 |
|
Short-Term Borrowings |
- |
489,595,437,834 |
318,007,764,013 |
|
Current
Portion of Finance Lease Debts |
2,021,817,459 |
6,608,422,325 |
8,896,516,788 |
|
Account
Payables |
452,242,711,823 |
512,708,965,695 |
746,897,709,054 |
|
Accrued
Expenses |
783,954,486,798 |
916,868,041,618 |
967,277,560,225 |
|
Advance
Receipts |
14,819,430,506 |
29,297,719,488 |
53,799,056,994 |
|
Unearned
Income |
49,802,547,746 |
76,461,446,102 |
40,392,178,982 |
|
Current
Portion of Provision for Sales Guarantee |
63,737,673,613 |
118,317,630,358 |
164,516,542,645 |
|
Derivatives |
- |
18,746,792,395 |
50,530,496,530 |
|
Others |
61,912,451,873 |
33,226,498,070 |
18,983,621,375 |
|
Fixed Liabilities |
3,376,139,579,453 |
2,704,229,514,551 |
1,521,973,722,268 |
|
Long-Term
Borrowings |
2,336,969,905,361 |
888,235,927,177 |
189,370,350,876 |
|
Finance
Lease Debts |
665,073,330 |
2,407,213,489 |
8,622,469,258 |
|
Long-Term
Account Payables |
25,026,834,445 |
813,929,987,135 |
198,558,092,719 |
|
Long-Term Guarantee Deposit Withhold |
7,572,237,461 |
6,676,477,461 |
6,906,704,770 |
|
Long-Term Unearned Income |
38,561,576,307 |
50,414,546,337 |
190,592,713,637 |
|
Provision for Recovery |
1,852,833,436 |
1,651,253,341 |
1,472,961,994 |
|
Provision
for Sales Guarantee |
173,568,630,552 |
204,834,293,361 |
212,476,635,010 |
|
Provision
for Severance & Retirement |
878,207,618,778 |
828,393,071,894 |
819,465,365,634 |
|
Income Statement |
|||
|
Unit : Korean
Won |
As of
12/31/2013 |
As of
12/31/2012 |
As of 12/31/2011 |
|
Sales |
15,603,936,931,252 |
15,949,674,975,330 |
15,068,001,223,568 |
|
Cost of Sold
Goods |
13,529,077,091,730 |
15,105,356,327,400 |
13,699,885,753,043 |
|
Gross Profit |
2,074,859,839,522 |
844,318,647,930 |
1,368,115,470,525 |
|
Selling &
Admin. Expenses |
988,380,937,535 |
1,184,594,159,534 |
1,254,423,039,644 |
|
Operating
Income |
1,086,478,901,987 |
-340,275,511,604 |
113,692,430,881 |
|
Non-Operating
Income |
397,000,075,062 |
699,270,159,482 |
647,463,050,230 |
|
Non-Operating
Expenses |
750,794,180,546 |
475,452,277,103 |
583,216,107,200 |
|
Income Before
Taxes |
732,684,796,503 |
-116,457,629,225 |
177,939,373,911 |
|
Income Taxes
Expenses |
631,697,541,495 |
-8,377,416,521 |
52,663,440,953 |
|
Net Income |
100,987,255,008 |
-108,080,212,704 |
125,275,932,958 |
|
Cash Flows |
|||
|
Unit : Korean
Won |
As of
12/31/2013 |
As of
12/31/2012 |
As of
12/31/2011 |
|
Cash Flows
from Operating |
495,971,563,673 |
630,068,144,088 |
682,193,626,689 |
|
-Net Income |
100,987,255,008 |
-108,080,212,704 |
125,275,932,958 |
|
-Exp. without
Cash Outflow |
921,753,998,333 |
796,109,869,137 |
910,864,297,028 |
|
-Revenue
without Cash Inflows |
-101,642,232,843 |
-328,899,967,980 |
-208,551,709,543 |
|
-Changes in
Asset/ & Liability |
-425,127,456,825 |
270,938,455,635 |
-145,394,893,754 |
|
Cash Flows
from Investing |
-419,934,221,079 |
-619,945,077,418 |
-696,868,064,837 |
|
-Cash Inflow
from Investing |
14,730,527,528 |
31,986,459,749 |
52,093,964,298 |
|
-Cash Outflows
for Investing |
-434,664,748,607 |
-651,931,537,167 |
-748,962,029,135 |
|
Cash Flows
from Financing |
202,180,494,059 |
-198,974,654,661 |
170,387,214,918 |
|
-Cash Inflows
from Financing |
1,123,014,308,179 |
1,351,002,643,723 |
820,998,570,890 |
|
-Cash Outflows
from Financing |
-920,833,814,120 |
-1,549,977,298,384 |
-650,611,355,972 |
|
Increase/Decrease
in Cash |
278,217,836,653 |
-188,851,587,991 |
155,694,385,617 |
|
Cash at the
Beginning of Year |
226,727,355,748 |
415,578,943,739 |
259,884,558,122 |
|
Cash at the
End of Year |
504,945,192,401 |
226,727,355,748 |
415,578,943,739 |
Products,
Technologies, Services Description
|
Main Products
& Services |
Automobile, Automotive Parts 1. MATIZ II: was
developed in compliance with the latest European safety standards and 40%
offset collision test criteria. 2. KALOS: The
subcompact Kalos earned a four-star rating in a collision test conducted by
Korea transportation Safety Authority. 3. LACETTI:
was designed with safety, performance, engine efficiency, low noise and
driving comfort in mind 4. REZZO:
Rezzo's new top-of-the-line Diamond series offers imporved safety features
such as an additional passenger seat airbag 5. MAGNUS: The
2004 Magnus has improved safety features and now offers benefits that were
previously only available on the high-end L6 Magnus 2.5. |
|
Annual
Production(EA) |
902,000 EA |
|
Technologies
Acquired |
|
Trade Partners &
Competitors
|
Suppliers |
FINE ACE TECHNOLOGY
CO., LTD. 853-10,
OE-DONG, CHANGWON-CITY, GYEONGNAM-DO 641-020 KOREA TEL:
82-55-239-3500 FAX: 82-55-264-9615 INDUSTRY:
MANUFACTURE OF ALL OTHER SPECIAL PURPOSE MACHINERY, N.E.C. DONG KWANG
TECH CO., LTD. 681-1, JAKJEON
3-DONG, GYEYANG-GU, INCHEON 407-821 KOREA TEL:
82-32-551-7611 FAX: 82-32-551-7613 INDUSTRY:
MANUFACTURE OF PARTS AND ACCESSORIES FOR MOTOR VEHICLE BODY MANDO
CORPORATION 343-1,
MANHO-RI, POSEUNG-MYEON, PYEONGTAEK-CITY, GYEOONGGI-DO 451-821 KOREA TEL:
82-31-680-6114 FAX: 82-31-681-0151 INDUSTRY:
MANUFACTURE OF OTHER PARTS AND ACCESSORIES FOR MOTOR VEHICLES |
|
Customers |
DAEWOO MOTOR SALES CORPORATION(120111-0005414) is in charge of the domestic sales of the subject company’s products as a Non-exclusive retailer, based on GM Daewoo Auto & Technology Company Retailer Agreement. FABRYKA
SAMOCHODOW OSOBOWYCH SPOLKA AKCYJNA(FSO) is manufacturing its products by
purchasing the parts from the Subject Company according to Contract Assembly
Agreement since 10/21/2006. |
|
Competitors |
HYUNDAI MOTOR
COMPANY KIA MOTORS
CO., LTD. RENAULT-SAMSUNG
MOTOR COMPANY |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates |
GM KOREA CO., LTD.(110111-1713951) GM AUTOWORLD KOREA CO., LTD.(110111-1590432) GM EUROPE TREASURY COMPANY AB GENERAL MOTORS
CORP. GENERAL MOTORS
INVESTMENT PTY LTD. GM ASIA PACIFIC HOLDINGS, LLC GM AUTOMOTIVE HOLDINGS S.L. SUZUKI MOTOR CORPORATION SHANGHAI AUTOMOTIVE INDUSTRY CORPORATION CHEVROLET
AUSTRIA GMBH GENERAL MOTORS
DAEWOO AUTO AND TECHNOLOGY CIS LLC. CHEVROLET
NEDERLAND B.V. CHEVROLET
DEUTSCHLAND GMBH CHEVROLET
PORTUGAL, LDA. CHEVROLET EURO
PARTS CENTER B.V. CHEVROLET
FINLAND OY CHEVROLET
FRANCE SAS CHEVROLET
SOUTHEAST EUROPE KFT. CHEVROLET
ESPANA, S.A. CHEVROLET
ITALIA S.P.A. CHEVROLET
SVERIGE AB CHEVROLET
SUISSE SA CHEVROLET UK
LIMITED VIETNAM DAEWOO
MOTOR CO., LTD. AMERICA SUZUKI
MOTOR CORP. GENERAL MOTORS
CORP. GENERAL MOTORS
OF CANADA LIMITED NORTH AMERICA INTERNATIONAL
PRODUCT CENTER SHANGHAI
GENERAL MOTORS CO., LTD. HOLDEN'S
ENGINE COMPANY SHANGHAI GM
DONG YUE MOTORS GENERAL MOTORS
COLMOTORES S.A. GENERAL MOTORS
VENEZOLANA S.A. HOLDEN LTD. ADAM OPEL AG. GENERAL MOTORS
SOUTH AFRICA LTD. GENERAL MOTORS
CHILE S.A. SGM DY POWER
TRAIN COMPANY LTD. GENERAL MOTORS
INDIA PVT. LTD. GENERAL MOTORS
THAILAND LTD. GENERAL MOTORS
DEL ECUADOR S.A. SAIC GM WULING
AUTOMOBILE CO., LTD GMSPO CANADA CHEVROLET
SALES THAILAND LTD. GENERAL MOTORS
AFRICA AND MIDDLE EAST GENERAL MOTORS
DE MEXICO GM
POWERTRAIN-GERMANY GMBH VEHICLE SALES,
SERVICE AND MARKETING GM APO
HOLDINGS LLC |
|
Overseas
Office |
|
|
Liaison Office |
|
|
Overseas
Branch |
|
|
Joint Venture |
|
|
Subsidiary |
CHEVROLET
EUROPE GMBH (100.0% held by
the subject company) CHEVROLET
AUSTRIA GMBH (100.0% held
by the subject company) GENERAL MOTORS
DAEWOO AUTO AND TECHNOLOGY CIS LLC. (100.0% held
by the subject company) CHEVROLET
NEDERLAND B.V. (100.0% held
by the subject company) CHEVROLET DEUTSCHLAND
GMBH (100.0% held
by the subject company) CHEVROLET
PORTUGAL, LDA. (100.0% held
by the subject company) CHEVROLET EURO
PARTS CENTER B.V. (100.0% held
by the subject company) CHEVROLET
FINLAND OY (100.0% held
by the subject company) CHEVROLET
FRANCE SAS (100.0% held
by the subject company) CHEVROLET
SOUTHEAST EUROPE KFT. (100.0% held
by the subject company) CHEVROLET
ESPANA, S.A. (100.0% held
by the subject company) CHEVROLET
POLAND SP.Z O.O. (100.0% held
by the subject company) CHEVROLET
ITALIA S.P.A. (100.0% held
by the subject company) CHEVROLET
SVERIGE AB (100.0% held
by the subject company) CHEVROLET
SUISSE SA (100.0% held
by the subject company) CHEVROLET
OTOMOTIV TICARET LTD. STI. (100.0% held
by the subject company) CHEVROLET UK
LIMITED (100.0% held
by the subject company) VIETNAM DAEWOO
MOTOR CO., LTD. (100.0% held
by the subject company) |
|
Corporate
Ownership |
GENERAL MOTORS COMPANY(GM) GENERAL MOTORS
INVESTMENT PTY LTD. |
|
Major
Shareholders |
GENERAL MOTORS
INVESTMENT PTY LTD. |
|
Cooperative
Enterprise |
-Insured
Company SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078) HYUNDAIMARINE&FIREINSURANCECO., LTD.(110111-0035893) LIG INSURANCE CO., LTD.(110111-0017859) - Working Capital Agreement with KOREA DEVELOPMENT
BANK(110135-0000937) -Loan
Agreement with GM EUROPE
TREASURY COMPANY AB - Contract Assembly Agreement with FABRYKA SAMOCHODOW OSOBOWYCH SPOLKA AKCYJNA(FSO) |
Sales by Region
(Activity & Markets)
|
Sales/ Unit :
KRW |
2013 |
2012 |
2011 |
|
Export |
13,377,152,793,967 |
13,805,693,636,735 |
12,981,699,264,053 |
|
Domestic |
2,226,784,137,285 |
2,143,981,338,595 |
2,086,301,959,515 |
|
Total |
15,603,936,931,252 |
15,949,674,975,330 |
15,068,001,223,568 |
The Subject
exports to USA.
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount
(Million KRW) |
Status |
|
|
Supreme Court of Korea |
- |
The Subject Company |
Salaries |
941 |
2nd round is proceeding. |
|
|
Seoul High Court |
- |
The Subject Company |
Salaries |
8,553 |
2nd round is proceeding. |
|
|
Seoul District Court |
- |
The Subject Company |
Salaries |
10,282 |
1st round is proceeding. |
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.46 |
|
|
1 |
Rs.98.21 |
|
Euro |
1 |
Rs.77.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIS |
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.