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Report No. : |
319288 |
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Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
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Name : |
HYUNDAI SPECIAL STEEL COMPANY |
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|
|
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Registered Office : |
512, Yeongdong-Daero, Gangnam-Gu, Seoul, 9F, Korea Electric Power Co.(KEPCO) Bldg., 135-791, Korea |
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|
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Country : |
Korea (South) |
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|
|
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Financials (as on) : |
31.12.2014 |
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|
|
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Date of Incorporation : |
04.01.2011 |
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Com. Reg. No.: |
120-87-62602 |
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|
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Legal Form : |
Co., Ltd by Shares |
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Line of Business : |
Manufacture of Steel Wire. |
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|
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No. of Employees : |
312 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Korea (South) |
A1 |
A1 |
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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 |
KOREA (SOUTH) - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible economic 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. A system of close government and business ties, including directed credit and import restrictions, initially 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 7% 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 over 6% growth in 2010. The US-Korea Free Trade Agreement was ratified by both governments in 2011 and went into effect in March 2012. Between 2012 and 2014, the economy experienced sluggish growth because of external market slowdowns. The administration in 2015 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 the heavy reliance on exports, which comprise about half of GDP.
|
Source
: CIA |
Basic
|
Company Name |
HYUNDAI SPECIAL STEEL COMPANY (Ex. Company
name : DONGBU SPECIAL STEEL CO., LTD., |
|
Registered Address |
512, Yeongdong-daero, Gangnam-gu, Seoul,
Korea |
|
Building |
9F, Korea Electric Power Co.(KEPCO) Bldg. |
|
Zip Code |
135-791 |
|
Tel |
+82-2-6191-8555 |
|
Fax |
+82-2-6191-8592 |
|
E-mail |
showjae@hyundai-specialsteel.com |
|
Website |
www.hyundai-specialsteel.com |
|
Trading Address |
9F, Korea Electric Power Co.(KEPCO) Bldg.,
512, Yeongdong-daero, Gangnam-gu, Seoul, Korea (Old Address System : 9F, Korea Electric
Power Co.(KEPCO) Bldg., 167, Samseong 1-dong, Gangnam-gu, Seoul, Korea) |
|
Tel |
+82-2-6191-8555 |
|
Fax |
+82-2-6191-8592 |
|
Other Address-Factory |
151, Daesong-ro, Nam-gu, Pohang-si,
Gyeongsangbuk-do, Korea (Old Address System : 792-1, Goedong-dong, Nam-gu, Pohang-si, Gyeongbuk, Korea) |
|
Tel |
+82-54-289-2114 |
|
Fax |
+82-54-285-8022 |
|
Other Address-Factory |
405, Cheolgang-ro, Nam-gu, Pohang-si, Gyeongsangbuk-do, Korea |
|
Tel |
|
|
Fax |
|
|
Type |
Export |
|
Industry |
Manufacture of Steel Wire |
|
Main Business |
CHQ Wire, Steel Wire, Cold Drawn Bar |
|
Sub Business |
|
|
Established (mm/dd/yyyy) |
01/04/2011 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Mechanical wire(31151800) |
|
Sell |
Steel bars(30101604) |
|
Name |
Chung Soon-Cheon |
|
Address |
Suite 208-1008, 150, Samseong-ro,
Gangnam-gu, Seoul, Korea |
|
Date of Birth |
05/27/1955 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
20,000,000,000 |
|||||||||
|
Employees |
312 |
|||||||||
|
Formation |
Co., Ltd by Shares A Company of HYUNDAI MOTOR COMPANY GROUP |
|||||||||
|
Bank Details |
Hana Bank Korea Development Bank Korea Exchange Bank |
|||||||||
|
Corporate Registered No. |
110111-4505595 |
|||||||||
|
Business Registered No. |
120-87-62602 |
|||||||||
|
Permit & Licenses |
N/A |
|||||||||
|
Shareholder Position |
(*)The list
is based as of 12/31/2014. And it is
known that Hyundai Motor Company Group Consortium including
HYUNDAI STEEL COMPANY(120111-0001743) has
100%. |
|||||||||
|
Company History |
01/04/2011 Incorporated after spin off from
DONGBU STEEL CO., LTD.(110111-0393308) 11/28/2014 KDB SIGMA PRIVATE EQUITY
INVESTMENT CO., LTD.(110113-0018142) has
decided to sell the subject’s 100% shares to HYUNDAI MOTOR COMPANY GROUP
Consortium. 02/02/2015 Changed company name to the
present name 02/02/2015 Joined as a company of Hyundai Motor
Group 02/10/2015 Moved to the present HQ address from 432, Teheran-ro,
Gangnam-gu, Seoul, Korea |
|||||||||
|
|
|
Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Inauguration Date |
|
President & CEO |
Mr. |
Chung Soon-Cheon |
Male |
Korean |
02/02/2015 |
|
Director |
Mr. |
Park Jae-Jong |
Male |
Korean |
01/04/2011 |
|
Director |
Mr. |
Park Jong-Sik |
Male |
Korean |
02/02/2015 |
|
Auditor |
Mr. |
Choi Kyung-Tak |
Male |
Korean |
02/02/2015 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
418,493,878,847 |
348,168,376,874 |
2,437,676,412 |
|
|
2013 |
406,382,208,310 |
372,662,543,148 |
7,286,286,651 |
|
2012 |
372,055,750,463 |
412,825,160,374 |
2,242,564,975 |
|
2011 |
370,994,376,904 |
318,226,778,132 |
7,188,053,351 |
|
Authorized Capital(KRW) |
80,000,000,000 |
|
Paid-Up Capital(KRW) |
20,000,000,000 |
|
Total Issues Shares |
20,000,000 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total Assets |
348,168,376,874 |
372,662,543,148 |
412,825,160,374 |
|
Current Assets |
193,489,741,933 |
226,935,051,029 |
273,657,720,161 |
|
Cash & Cash Equivalents |
869,365,300 |
10,142,174,802 |
2,930,198,845 |
|
Other Financial Assets |
4,742,732,567 |
13,760,536,453 |
88,829,544,352 |
|
Trade Receivables |
105,458,774,870 |
122,653,948,753 |
113,507,841,093 |
|
Other Receivables |
7,302,214,300 |
3,345,073,383 |
420,009,637 |
|
Inventories |
72,931,498,610 |
70,307,941,431 |
67,164,140,343 |
|
Other Current Assets |
2,185,156,286 |
6,725,376,207 |
805,985,891 |
|
Non-Current Assets |
154,678,634,941 |
145,727,492,119 |
139,167,440,213 |
|
Other Financial Assets |
5,500,000 |
5,500,000 |
5,500,000 |
|
Marketable Financial Instruments |
|
|
1,951,804,000 |
|
Long-Term Trade Receivables |
542,151,241 |
143,702,088 |
153,746,007 |
|
Other Long-Term Receivables |
896,861,220 |
741,005,298 |
887,093,500 |
|
Tangibles |
145,313,348,078 |
136,126,304,293 |
129,513,326,875 |
|
Intangibles |
5,598,624,661 |
7,499,112,754 |
5,490,896,348 |
|
Deferred Income Tax Assets |
2,322,149,741 |
1,211,867,686 |
1,165,073,483 |
|
Total Liabilities |
220,068,856,030 |
243,986,426,560 |
284,764,566,576 |
|
Current Liabilities |
188,642,980,593 |
188,465,192,187 |
239,480,212,409 |
|
Trade Payables |
85,377,148,828 |
119,465,035,706 |
145,926,707,442 |
|
Other Payables |
10,629,840,277 |
11,506,552,688 |
9,383,995,539 |
|
Short-Term Borrowings |
59,698,062,122 |
43,012,123,627 |
78,419,509,428 |
|
Current Portion of Long-Term Debts |
31,408,559,899 |
12,916,626,664 |
5,750,000,000 |
|
Accrued Income Tax |
1,529,369,467 |
1,564,853,502 |
- |
|
Non-Current Liabilities |
31,425,875,437 |
55,521,234,373 |
45,284,354,167 |
|
Long-Term Borrowings |
27,336,313,790 |
52,169,409,935 |
43,250,000,000 |
|
Confirmed Salaries |
4,089,561,647 |
3,351,824,438 |
2,034,354,167 |
|
Capital Stock |
20,000,000,000 |
20,000,000,000 |
20,000,000,000 |
|
Capital Surplus |
166,726,476,965 |
166,729,096,445 |
166,729,096,445 |
|
Others |
-64,400,000,000 |
-64,400,000,000 |
-64,400,000,000 |
|
Profit Surplus |
5,773,043,879 |
6,347,020,143 |
5,731,497,353 |
|
Total Equity |
128,099,520,844 |
128,676,116,588 |
128,060,593,798 |
|
Liab. & Shareholder’s Equity |
348,168,376,874 |
372,662,543,148 |
412,825,160,374 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
418,493,878,847 |
406,382,208,310 |
372,055,750,463 |
|
Cost of Sold Goods |
373,079,980,989 |
366,393,169,760 |
345,454,063,484 |
|
Gross Profit |
45,413,897,858 |
39,989,038,550 |
26,601,686,979 |
|
Selling & Admin.
Expenses |
29,612,726,853 |
20,385,105,410 |
18,175,325,144 |
|
Operating Income |
15,801,171,005 |
19,603,933,140 |
8,426,361,835 |
|
Finance Income |
4,339,571,021 |
3,525,919,015 |
5,152,470,633 |
|
Finance Expenses |
13,365,608,644 |
12,785,272,503 |
11,134,777,155 |
|
Other Income |
94,719,597 |
94,963,256 |
49,013,655 |
|
Other Expenses |
3,401,466,166 |
1,569,639,078 |
947,032,672 |
|
Income Before Taxes |
3,468,386,813 |
8,869,903,830 |
1,546,036,296 |
|
Income Taxes Expenses |
1,030,710,401 |
1,583,617,179 |
-696,528,679 |
|
Net Income |
2,437,676,412 |
7,286,286,651 |
2,242,564,975 |
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Operating Activities Cash Flows |
-9,995,729,067 |
-27,899,244,544 |
73,625,697,847 |
|
Cash Flows from
Operating |
1,225,117,841 |
-18,046,340,317 |
82,519,309,840 |
|
Net Income |
2,437,676,412 |
7,286,286,651 |
2,242,564,975 |
|
Adjustment |
27,949,474,859 |
17,551,333,248 |
12,120,328,731 |
|
Changes in Asset/
& Liability |
-29,162,033,430 |
-42,883,960,216 |
68,156,416,134 |
|
Interests Received |
230,121,848 |
598,796,648 |
381,281,708 |
|
Interests Paid |
-9,274,492,265 |
-10,386,142,995 |
-9,192,619,993 |
|
Income Taxes |
-2,176,476,491 |
-65,557,880 |
-82,273,708 |
|
Cash
Flows from Investing |
-7,134,800,654 |
62,179,690,741 |
-105,889,151,340 |
|
Cash Inflow from
Investing |
13,828,702,071 |
434,024,854,783 |
664,476,557,314 |
|
Cash Outflows for Investing |
-20,963,502,725 |
-371,845,164,042 |
-770,365,708,654 |
|
Cash
Flows from Financing |
7,857,720,219 |
-27,068,470,240 |
32,940,344,308 |
|
Cash Inflows from
Financing |
96,850,692,521 |
158,411,939,146 |
297,876,782,059 |
|
Cash Outflows from Financing |
-88,992,972,302 |
-185,480,409,386 |
-264,936,437,751 |
|
Increase/Decrease in Cash |
-9,272,809,502 |
7,211,975,957 |
676,890,815 |
|
Cash at the Beginning of Year |
10,142,174,802 |
2,930,198,845 |
2,253,308,030 |
|
Cash at the End of Year |
869,365,300 |
10,142,174,802 |
2,930,198,845 |
|
Main Products & Services |
-Cold Drawn Bar Characteristics: The cold drawn steel bar
(CD Bar) is a hot-rolled wire rod that has undergone the cold-rolled drawing
process. It is sheared to a regular length, which adds perfect straightness
as one of its features. Compared with hot rolled drawn steel bars,
cold-rolled drawn steel bars feature superb surface roughness, dimensional
precision, and straightness. They are used in the manufacture of automotive
parts and home electrical appliances. The Subject offers long bars and CTL
(cut to length) products which are sheared to the length of the final part. Applications: Automotive shafts, industrial
machines, OA machines |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
POSCO(174611-0000741) HYUNDAI STEEL COMPANY(120111-0001743) |
|
Customers |
DONGBU STEEL CO., LTD.(110111-0393308) DONGBU METAL CO., LTD.(110111-3836678) |
|
Competitors |
SEAH SPECIAL STEEL CO., LTD. 747, JANGHEUNG-DONG, NAM-GU, POHANG-SI,
GYEONGSANGBUK-DO, KOREA TEL:+82-54-285-4771 FAX:+82-54-285-4095 POSCO SPECIALTY STEEL CO., LTD. 65, SINCHON-DONG, CHANG-WON-SI, GYEONGSANGNAM-DO,
KOREA TEL:+82-55-269-6114 FAX:+82-55-269-6901 KISWIRE LTD. 475, MANGMI 2-DONG, SUYEONG-GU, BUSAN,
KOREA TEL:+82-51-760-1700 FAX:+82-51-757-7379 |
|
Affiliates-Domestic |
HYUNDAI MOTOR COMPANY(110111-0085450) KIA MOTORS CORPORATION(110111-0037998) HYUNDAI STEEL COMPANY(120111-0001743) HYUNDAI MOBIS CO., LTD.(110111-0215536) HYUNDAI AUTONET CO., LTD.(134411-0015057) DYMOS INC.(161411-0008562) KEFICO(110111-0543169) HYUNDAI POWERTECH CO., LTD.(161411-0009403) WORLD INDUSTRIES ACE CORP.(194211-0000125) WISCO(194211-0000084) METIA CORPORATION(194211-0000068) IHL CORPORATION(171211-0007722) AUTOMOBILE INDUSTRIAL ACE CO.,
LTD.(135011-0029352) M. SEAT CO., LTD.(110111-2410366) PARTECS CO., LTD.(161411-0015955) SAMWOO CO., LTD.(134511-0003480) HYUNDAI HYSCO(110111-0302416) HYUNDAI STEEL COMPANY(120111-0001743) BNG STEEL CO., LTD.(110111-0065395) HMC INVESTMENT SECURITIES CO.,
LTD.(110111-0019962) HYUNDAI CAPITAL SERVICES, INC.(110111-0995378) HYUNDAI COMMERCIAL INC.(110111-3646697) HYUNDAI CARD CO., LTD.(110111-0377203) HAEVICHI RESORT CO., LTD(224111-0006681) HAEVICHI COUNTRY CLUB CO.,
LTD.(110111-0616049) GLOVIS CO., LTD.(110111-2177388) AUTOEVER SYSTEMS CORPORATION(110111-1935638) M&SOFT CO., LTD.(110111-1620239) N.G.V(110111-2094201) CARNES CO., LTD.(134111-0134001) HYUNDAI-ROTEM COMPANY(194211-0036336) SEOUL METRO LINE NINE
CORPORATION(110111-3134048) MAINTRANS COMPANY(110111-3920520) KIA TIGERS CO., LTD.(200111-0003883) ASSET MANAGEMENT CO., LTD(110111-2622242) INNOCEAN WORLDWIDE INC(110111-3229097) CORENTEC. CO., LTD.(110111-1983653) JONGRO HAKPYUNG CO., LTD.(110111-0171225) JONGRO ACADEMY(110111-0109060) |
|
Affiliates-Overseas |
HYUNDAI MOTOR INDIA LTD. HYUNDAI-ASSAN OTOMOTIV SANAYI VE TICARET
A.S. BEIJING HYUNDAI MOTOR COMPANY BEIJING JINXIAN MOTOR SAFEGUARD SERVICE
CO., LTD HYUNDAI TRANSLEAD HYUNDAI MOTOR MANUFACTURING ALABAMA STAMPED METAL AMERICAN RESEARCH TECHNOLOGY,
INC HYUNDAI MOTOR POLAND HYUNDAI MORTOR COMPANY AUSTRALIA PTY LTD. HYUNDAI MOTOR JAPAN CO., LTD HYUNDAI MOTOR AMERICA, INC. HYUNDAI MOTOR FINANCE COMPANY WORLD MARKETING GROUP HYUNDAI MOTOR EUROPE GMBH HYUNDAI AUTO CANADA CAPTIVE INSURANCE LTD GLOBAL ENGINE ALLIANCE LLC GLOBAL ENGINE MANUFACTURING ALLIANCE LLC HYUNDAI AMERICA TECHNICAL CENTER INC. HYUNDAI MOTOR JAPAN R&D CENTER INC. HYUNDAI DE MEXICO S.A. HYUNDAI RIO VISTA, INC CHINA MILLENNIUM CORPORATION Ⅰ CHINA MILLENNIUM CORPORATION Ⅱ CHINA MILLENNIUM CORPORATION Ⅲ BEIJING HINES MILLENIUM REAL ESTATE
DEVELOPMENT CO. HYUNDAI MOTOR GROUP (CHINA) LTD HYUNDAI MOTOR HUNGARY HYUNDAI MOTOR EUROPE TECHNICAL CENTER GMBH HYUNDAI MOTOR NORWAY AS HYUNDAI INFORMATION SERVICE NORTH AMERICA HYUNDAI MOTOR UK LIMITED KIA MOTORS AMERICA INC. KIA CANADA INC. KIA MOTORS DEUTSCHLAND GMBH KIA MOTORS EUROPE GMBH. KIA MOTORS POLSKA SP.Z O.O. |
|
Affiliates-Overseas |
KIA MOTORS UNITED KINGDOM LTD KIA MOTORS AUSTRIA GMBH KIA MOTORS BELGIUM GMBH KIA MOTORS HUNGARY GMBH KIA MOTORS CZECH GMBH KIA MOTORS SWEDEN AB(KMSW) KIA MOTORS IBERIA S.L(KMIB) KIA MOTORS FRANCE SAS KIA MOTORS SLOVAKIA S.R.O(KMS) DONGFENG YUEDA KIA MOTOR CO., LTD KIA JAPAN CO., LTD. KIA MOTORS AUSTRALIA PTY LTD KIA MOTORS SALES SLOVENSKO S.R.O KIA MOTORS NEW ZEALAND LTD SHANGHAI HYUNDAI MOBIS AUTOMOTIVE PATRS
CO., LTD. JIANGSU MOBIS AUTOMOTIVE PARTS CO., LTD. BEIJING HYUNDAI MOBIS AUTOMOTIVE PARTS CO.,
LTD. BEIJING MOBIS TRANSMISSION CO., LTD. MOBIS AMERICA INC. GUANG DONG HYUNDAI MOBIS CO., LTD. HYUNDAI MOTOR (SHANGHAI) CO., LTD MOBIS PARTS EUROPE N.V. MOBIS PARTS DEUTSCHLAND GMBH MOBIS PARTS, MIDDLE EAST FREE ZONE
ESTABLISHMENT BEIJING MOBIS CHONCHE AUTOMOTIVE PARTS CO.,
LTD. MOBIS SLOVAKIA S.R.O MOBIS PARTS AUSTRALIA PTY LTD. BEIJING HYUNDAI MOBIS PARTS CO., LTD MOBIS PARTS IBERIA S.L. MOBIS PARTS CIS MOBIS PARTS JIANGSU YUEDA TRADING CO., LTD. AMERICAN AUTOPARTS, INC. OHIO MODULE MANUFACTURING CO., LLC MOBIS INDIA LIMITED HYUNDAI MOBIS(HONGKONG) CO.,LTD MOBIS ALABAMA, LLC MOBIS PARTS AMERICA, LLC MOBIS PARTS DETROIT, LLC WUXI MOBIS AUTOMOTIVE AUTOPARTS CO.,LTD QINGDAO HYUNDAI MACHINERY CO.,LTD. HYUNDAI PIPE OF AMERICA, INC. BEIJING HYUNDAI HYSCO STEEL PROCESS CO.,
LTD. HYSCO AMERICA COMPANY, INC. HYSCO SLOVAKIA,S.R.O HYUNDAI AUTONET AMERICA ROTEM USA CORPORATION HYUNDAI-KIA MACHINE AMERICA CORPRATION WIA AUTOMOTIVE PARTS CO., LTD HYUNDAI-KIA MACHINE EUROPE GMBH GLOVIS AMERICA, INC. GLOVIS ALABAMA, LLC. GLOVIS SLOVAKIA, S. R. O GLOVIS AUSTRALIA PTY.LTD |
|
Affiliates-Overseas |
GLOVIS EUROPE GMBH GLOVIS INDIA PRIVATE LIMITED GLOBAL AUTO PROCESSING SERVICES, INC BNG STEEL JAPAN CORP. BNG STEEL GMBH AMCO AMERICA, INC AMCO INDIA CONSTRUCTION PRIVATE, LTD BEIJING LEAR DYMOS AUTOMOTIVE SYSTEMS CO.,
LTD INNOCEAN WORLDWIDE COMMUNICATION PRIVATE
LIMITED JIANGSU HYUNDAI HYSCO STEEL PROCESS CO.,
LTD HYSCO STEEL INDIA., LTD INNOCEAN WORLDWIDE UK LIMITED EUROTEM HYUNDAI MOTOR MANUFACTURING CZECH, S.R.O. AUTOEVER SYSTEMS INDIA PRIVATE LIMITED ROTEM EQUIPMENTS (BEIJING) CO., LTD. MOBIS ALABAMA INSTRUMENT PANEL, LLC AUTOEVER SYSTEMS CHINA CO.,LTD. KIA MOTORS MANUFACTURING GEORGIA, INC. HMCIS B.V. AUTOEVERSYSTEMS EUROPE GMBH HYUNDAI MOTOR INDIA ENGINEERING DYMOS CZECH REPUBLIC S.R.O HYUNDAI AUTO CANADA CORP. MOBIS AUTOMOTIVE CZECH S.R.O. HYUNDAI MOTOR CIS LLC MOBIS PARTS BRAZIL INTERMEDIACAO DE
NEGOCIOS LTDA HYUNDAI AUTONET INDIA ENGINEERING PRIVATE
LIMITED HYSCO CZECH S.R.O AMCO CAMBODIA CO.,LTD. GLOVIS LOGISTICS LTD. GLOVIS CZECH REPUBLIC S.R.O. INNOCEAN WORLDWIDE EUROPE GMBH MOBIS GEORGIA, LLC GLOVIS GEORGIA, LLC GLOVIS HONG KONG CO.,LTD |
|
Affiliates-Overseas |
KIA MOTORS UNITED KINGDOM LTD KIA MOTORS AUSTRIA GMBH KIA MOTORS BELGIUM GMBH KIA MOTORS HUNGARY GMBH KIA MOTORS CZECH GMBH KIA MOTORS SWEDEN AB(KMSW) KIA MOTORS IBERIA S.L(KMIB) KIA MOTORS FRANCE SAS KIA MOTORS SLOVAKIA S.R.O(KMS) DONGFENG YUEDA KIA MOTOR CO., LTD KIA JAPAN CO., LTD. KIA MOTORS AUSTRALIA PTY LTD KIA MOTORS SALES SLOVENSKO S.R.O KIA MOTORS NEW ZEALAND LTD SHANGHAI HYUNDAI MOBIS AUTOMOTIVE PATRS
CO., LTD. JIANGSU MOBIS AUTOMOTIVE PARTS CO., LTD. BEIJING HYUNDAI MOBIS AUTOMOTIVE PARTS CO.,
LTD. BEIJING MOBIS TRANSMISSION CO., LTD. MOBIS AMERICA INC. GUANG DONG HYUNDAI MOBIS CO., LTD. HYUNDAI MOTOR (SHANGHAI) CO., LTD MOBIS PARTS EUROPE N.V. MOBIS PARTS DEUTSCHLAND GMBH MOBIS PARTS, MIDDLE EAST FREE ZONE
ESTABLISHMENT BEIJING MOBIS CHONCHE AUTOMOTIVE PARTS CO.,
LTD. MOBIS SLOVAKIA S.R.O MOBIS PARTS AUSTRALIA PTY LTD. BEIJING HYUNDAI MOBIS PARTS CO., LTD MOBIS PARTS IBERIA S.L. MOBIS PARTS CIS MOBIS PARTS JIANGSU YUEDA TRADING CO., LTD. AMERICAN AUTOPARTS, INC. OHIO MODULE MANUFACTURING CO., LLC MOBIS INDIA LIMITED HYUNDAI MOBIS(HONGKONG) CO.,LTD MOBIS ALABAMA, LLC MOBIS PARTS AMERICA, LLC MOBIS PARTS DETROIT, LLC WUXI MOBIS AUTOMOTIVE AUTOPARTS CO.,LTD QINGDAO HYUNDAI MACHINERY CO.,LTD. HYUNDAI PIPE OF AMERICA, INC. BEIJING HYUNDAI HYSCO STEEL PROCESS CO.,
LTD. HYSCO AMERICA COMPANY, INC. HYSCO SLOVAKIA,S.R.O HYUNDAI AUTONET AMERICA ROTEM USA CORPORATION HYUNDAI-KIA MACHINE AMERICA CORPRATION WIA AUTOMOTIVE PARTS CO., LTD HYUNDAI-KIA MACHINE EUROPE GMBH GLOVIS AMERICA, INC. GLOVIS ALABAMA, LLC. GLOVIS SLOVAKIA, S. R. O GLOVIS AUSTRALIA PTY.LTD |
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Overseas Office |
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Liaison Office |
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Overseas Branch |
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Joint Venture |
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Subsidiary |
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Corporate Ownership |
HYUNDAI MOTOR COMPANY(110111-0085450) HYUNDAI STEEL COMPANY(120111-0001743) |
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Major Shareholders |
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Cooperative Enterprise |
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Sales/ Unit :Mil KRW |
2014 |
2013 |
2012 |
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Export |
33,153 |
29,004 |
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Domestic |
385,341 |
377,378 |
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Total |
418,494 |
406,382 |
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The Subject exports
to Iran and Vietnam.
No.
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
VNT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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|
-- |
NB |
New Business |
-- |
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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.