|
Report No. : |
309696 |
|
Report Date : |
26.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
HYUNDAI ROTEM COMPANY |
|
|
|
|
Registered Office : |
488, Changwon-daero, Uichang-gu, Changwon-si, Gyeongsangnam-do, Korea 641-808 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation : |
01.07.1999 |
|
|
|
|
Com. Reg. No.: |
609-81-37486 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Locomotives and Railway Rolling Stock |
|
|
|
|
No. of Employees |
3,844 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
HYUNDAI ROTEM
COMPANY |
|
Registered
Address |
488, Changwon-daero, Uichang-gu, Changwon-si, Gyeongsangnam-do, Korea (Old Address System : 85, Daewon-dong, Changwon-si, Gyeongsangnam-do, Korea) |
|
Building |
|
|
Zip Code |
641-808 |
|
Tel |
+82-55-273-1341 |
|
Fax |
+82-55-273-1741 |
|
E-mail |
webmaster@hyundai-rotem.co.kr |
|
Website |
www.hyundai-rotem.co.kr |
|
Trading Address |
Hyundai Motor Group Bldg, 8~12F, 231, Yangjae-dong, Seocho-gu, Seoul, 137-938, Korea |
|
Tel |
+82-2-3464-1114 |
|
Fax |
+82-2-3464-7580 |
|
Other Address-Dangjin Factory Office |
315, Godae-ri, Songak-eup, Dangjin-gun, Chungcheongnam-do, Korea |
|
Tel |
+82-41-680-0600 |
|
Fax |
+82-41-680-0634 |
|
Other Address-Uiwang Factory |
462-18, Sam-dong, Uiwang-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-460-1114 |
|
Fax |
+82-31-461-1913 |
|
Other Address-Technical
Research Institute |
462-18, Sam-dong, Uiwang-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-596-9114 |
|
Fax |
+82-31-596-9766 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Locomotives and Railway Rolling Stock |
|
Main Business |
Rolling Stock, Defense System, Steel Making Plants, Press |
|
Sub Business |
Construction of Industrial Plants |
|
Established
(mm/dd/yyyy) |
07/01/1999 |
The Subject owns
the premises of registered HQ address.
Detailed Products
|
Activity |
Detailed Products
(UNSPSC) |
|
Sell |
Railway and tramway cars(25121600) |
|
Sell |
Locomotives and electric trolleys(25121500) |
|
Sell |
War vehicles(25102000) |
|
Sell |
Workshop presses(23171622) |
|
Sell |
Armored fighting vehicles(25102002) |
|
Sell |
Hydraulic presses(27121500) |
CEO’s
|
Name |
Han Kyu-Hwan |
|
Address |
Suite Na-301,
29, Yatap-ro 245beon-gil, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea |
|
Date of Birth |
06/01/1950 |
|
Title |
Vice Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
425,000,000,000 |
||||||||||||||||||
|
Employees |
3,844 |
||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 064350) as of 10/30/2013 Foreign Direct Investment Corporation A Company of HYUNDAI MOTOR COMPANY GROUP |
||||||||||||||||||
|
Bank Details |
Korea Exchange
Bank-Changwon Branch |
||||||||||||||||||
|
Corporate
Registered No. |
194211-0036336 |
||||||||||||||||||
|
Business
Registered No. |
609-81-37486 |
||||||||||||||||||
|
Permit &
Licenses |
01/17/2002 ISO
14001 12/06/2002 ISO
9001 Int’l Trade
No.: 24021656 |
||||||||||||||||||
|
Shareholder
Position |
|
||||||||||||||||||
|
Company
History |
07/01/1999
Incorporated as Korea Railroad Vehicles Co., Ltd. 11/01/2001
Joined as an affiliated company to Hyundai Motor Company Group 01/01/2002
Changed company name to ROTEM COMPANY 01/01/2002 Acquired Heavy Equipment & Plant Business from HYUNDAI MOBIS CO., LTD.(110111-0215536) 02/01/2004 Acquired Aerospace Business from HYUNDAI MOBIS CO., LTD.(110111-0215536) 10/01/2006 Acquired Environment Business from HYUNDAI MOBIS CO., LTD.(110111-0215536) 11/15/2007
Changed company name to the present name 03/26/2013
Increased the authorized shares to 200,000,000 shares from 160,000,000 shares 10/26/2013
Increased capital to 425,000,000,000 KRW from 319,700,000,000 KRW 10/30/2013
Listed at Korea Stock Exchange |
||||||||||||||||||
|
|
|
Management
|
Job
Description |
Title |
Name |
Nationality |
Date of Birth |
Career |
|
Vice Chairman & CEO |
Mr. |
Han Kyu-Hwan |
Korean |
1950.06.01 |
President of Hyundai Mobis Co., Ltd. |
|
Vice President & CFO |
Mr. |
Shin Min-Soo |
Korean |
1958.09 |
Ex. Director
of DYMOS INC.(161411-0008562) |
|
Sr. Executive
Director |
Mr. |
Chang Hyun-Kyo |
Korean |
1959.01 |
- |
|
Outside Director |
Mr. |
Ha Bok-Dong |
Korean |
1956.10 |
- |
|
Outside Director |
Mr. |
Ryu Jae-Wook |
Korean |
1969.03 |
- |
|
Outside Director / Auditor |
Mr. |
Jin Dong-Soo |
Korean |
1949.03 |
-Prof., of
Sungsil University, Korea |
|
Outside Director / Auditor |
Mr. |
Song Dal-Ho |
Korean |
1947.10 |
- |
|
Year / Unit :
KRW |
Sales |
Assets |
Net Income |
|
1,310,424,370,000 |
4,169,038,643,000 |
35,447,443,000 |
|
|
(*)2013 |
3,044,920,932,000 |
3,882,372,920,000 |
112,477,364,000 |
|
(*)2012 |
3,067,678,755,000 |
3,296,561,673,000 |
78,435,494,000 |
|
(*)2011 |
2,698,762,297,000 |
3,207,427,465,000 |
70,514,030,000 |
|
(*)2010 |
2,893,584,000,000 |
3,067,823,000,000 |
62,905,000,000 |
|
2009 |
2,726,656,345,415 |
3,373,885,505,470 |
60,892,543,734 |
|
2008 |
2,259,852,696,918 |
3,083,550,930,500 |
49,072,272,686 |
|
2007 |
1,732,197,024,657 |
1,787,663,069,718 |
35,498,849,906 |
|
2006 |
1,564,246,687,792 |
1,530,080,313,918 |
67,151,658,005 |
|
2005 |
1,224,000,524,220 |
1,463,117,401,333 |
26,780,665,351 |
|
2004 |
935,218,936,961 |
1,299,405,030,893 |
-53,037,838,752 |
|
2003 |
1,074,176,537,004 |
1,245,540,677,658 |
61,585,183,266 |
(*)Figures are based on the K-IFRS
Accounting System.
Financial Description
|
Authorized
Capital(KRW) |
1,000,000,000,000 |
|
Paid-Up
Capital(KRW) |
425,000,000,000 |
|
Total Issues
Shares |
85,000,000 |
|
Balance Sheet |
|||
|
Unit :
Thousand Korean Won |
01/01/2014~06/30/2014 |
As of
12/31/2013 |
As of
12/31/2012 |
|
Total
Assets |
4,169,038,643 |
3,882,372,920 |
3,296,561,673 |
|
Current
Assets |
2,762,708,645 |
2,477,210,428 |
1,863,571,318 |
|
Cash
& Cash Equivalents |
175,552,578 |
102,346,997 |
101,442,511 |
|
Trade
Receivables |
502,887,381 |
339,191,795 |
494,015,864 |
|
Other
Receivables |
18,628,327 |
23,449,003 |
17,599,475 |
|
Other
Receivables-Construction |
1,441,077,473 |
1,385,748,558 |
778,798,857 |
|
Other
Finance Assets |
28,130,148 |
26,731,333 |
24,967,309 |
|
Inventories |
177,331,910 |
169,134,088 |
148,157,927 |
|
Other
Assets |
419,100,828 |
430,608,654 |
276,201,922 |
|
Assets to be Sold |
|
|
22,387,453 |
|
Non-Current
Assets |
1,406,329,998 |
1,405,162,492 |
1,432,990,355 |
|
Long-Term Trade Receivables |
35,781,048 |
33,607,484 |
29,660,988 |
|
Other
Receivables |
36,802,457 |
34,547,012 |
35,273,359 |
|
Other
Finance Assets |
28,408,294 |
27,614,331 |
66,794,171 |
|
Tangibles |
1,031,890,264 |
1,064,953,232 |
1,060,366,072 |
|
Investment_Real
Estates |
15,534,809 |
15,534,809 |
16,116,786 |
|
Intangibles |
182,613,515 |
153,822,356 |
149,489,879 |
|
Investment_Subsidiaries |
71,985,301 |
71,666,042 |
71,666,042 |
|
Investment_Related
Companies |
1,181,377 |
1,181,377 |
1,181,377 |
|
Other
Non-Current Assets |
2,132,933 |
2,235,849 |
2,441,681 |
|
Total
Liabilities |
2,450,033,649 |
2,188,299,251 |
2,195,953,899 |
|
Current
Liabilities |
1,162,471,448 |
1,509,025,023 |
1,375,397,187 |
|
Trade Payables |
401,949,622 |
371,505,050 |
417,371,273 |
|
Account
Payables |
48,006,752 |
73,624,738 |
41,899,992 |
|
Other Payables-Construction |
389,194,099 |
433,971,562 |
469,599,060 |
|
Short-Term
Borrowings |
92,306,638 |
151,932,718 |
111,836,621 |
|
Current
Portion of Long-Term Debts |
103,858,120 |
314,447,575 |
247,797,560 |
|
Deferred
Income Tax Credit |
3,433,064 |
19,105,538 |
9,849,645 |
|
Other
Current Liabilities |
123,723,153 |
144,437,842 |
77,043,036 |
|
Non-Current
Liabilities |
1,287,562,201 |
679,274,228 |
820,556,712 |
|
Debentures |
597,914,757 |
199,297,694 |
408,846,441 |
|
Long-Term
Borrowings |
383,364,656 |
179,553,914 |
130,514,546 |
|
Provision
for Severance & Retirement |
100,152,989 |
77,491,570 |
70,615,251 |
|
Provisions |
26,644,207 |
32,932,100 |
38,263,853 |
|
Other
Non-Current Liabilities |
104,064,685 |
118,764,038 |
111,707,086 |
|
Deferred
Income Tax Credit |
75,420,907 |
71,234,912 |
60,609,535 |
|
Capital
Stock |
425,000,000 |
425,000,000 |
319,700,000 |
|
Capital
Surplus |
408,389,934 |
408,389,934 |
37,197,000 |
|
Others |
95,645 |
-13,237 |
43,398 |
|
Profit
Surplus |
885,519,415 |
860,696,972 |
743,667,376 |
|
Total
Equity |
1,719,004,994 |
1,694,073,669 |
1,100,607,774 |
|
Liab.
& Shareholder’s Equity |
4,169,038,643 |
3,882,372,920 |
3,296,561,673 |
|
Income Statement |
|||
|
Unit :
Thousand Korean Won |
01/01/2014~06/30/2014 |
As of
12/31/2013 |
As of
12/31/2012 |
|
Sales |
1,310,424,370 |
3,044,920,932 |
3,067,678,755 |
|
Cost
of Sold Goods |
1,215,977,317 |
2,743,393,359 |
2,769,830,407 |
|
Gross
Profit |
94,447,053 |
301,527,573 |
297,848,348 |
|
Selling
& Admin. Expenses |
76,532,813 |
146,621,972 |
143,089,265 |
|
Operating
Income |
17,914,240 |
154,905,601 |
154,759,083 |
|
Other
Operating Income |
77,663,731 |
80,590,022 |
53,650,816 |
|
Other
Operating Expenses |
48,469,202 |
59,821,072 |
70,555,584 |
|
Finance
Income |
15,179,691 |
29,423,678 |
23,146,220 |
|
Finance
Expenses |
19,018,854 |
58,230,630 |
61,743,349 |
|
Income
Before Taxes |
43,269,606 |
146,867,599 |
99,257,186 |
|
Income
Taxes Expenses |
7,822,163 |
34,390,235 |
20,821,692 |
|
Net
Income |
35,447,443 |
112,477,364 |
78,435,494 |
|
Cash Flows |
|||
|
Unit :
Thousand Korean Won |
01/01/2014~06/30/2014 |
As of 12/31/2013 |
As of
12/31/2012 |
|
Operating
Activities Cash Flows |
-243,217,320 |
-442,527,626 |
2,230,273 |
|
Cash
Flows from Operating |
-208,833,203 |
-385,732,461 |
60,406,742 |
|
Net
Income |
35,447,443 |
112,477,364 |
78,435,494 |
|
Adjustment |
57,259,907 |
141,315,357 |
159,686,411 |
|
Changes
in Asset/ & Liability |
-301,540,553 |
-639,525,182 |
-177,715,163 |
|
Interests
Received |
2,387,652 |
5,906,243 |
3,185,233 |
|
Interests
Paid |
-17,456,498 |
-47,469,169 |
-51,308,874 |
|
Dividends
Received |
28,132 |
1,010,626 |
876,548 |
|
Income
Taxes |
-19,343,403 |
-16,242,865 |
-10,929,376 |
|
Cash
Flows from Investing |
-18,023,658 |
18,821,622 |
-56,492,177 |
|
Cash
Flows from Financing |
335,057,607 |
428,725,213 |
-25,095,985 |
|
Increase/Decrease
in Cash |
73,816,629 |
5,019,209 |
-79,357,889 |
|
Cash
at the Beginning of Year |
102,346,997 |
101,442,511 |
185,199,186 |
|
Cash
at the End of Year |
175,552,578 |
102,346,997 |
101,442,511 |
Products,
Technologies, Services Description
|
Main Products
& Services |
- Rolling
Stock Units - Railway
System - Defense
System - Plant System |
|
Detailed
Products Spec. |
|
|
Technologies
Acquired |
|
Trade Partners &
Competitors
|
Suppliers |
BNG STEEL CO.,
LTD.(110111-0065395) POSCO(174611-0000741) DONGKUK STEEL
MILL CO., LTD.(110111-0031338) |
|
Customers |
HYUNDAI MOTOR
COMPANY(110111-0085450) HYUNDAI MOBIS
CO., LTD.(110111-0215536) KIA MOTORS
CORPORATION(110111-0037998) HYUNDAI STEEL
COMPANY(120111-0001743) HYUNDAI
HYSCO(110111-0302416) SAMSUNG C&T CORPORATION(110111-0002975) HANWHA CORP(110111-0002959) ARMY-REPUBLIC
OF KOREA INCHEON
INTERNATIONAL AIRPORT RAILWAY SEOUL METRO KORAIL DEFENSE
ACQUISITION PROGRAM ADMINISTRATION HYUNDAI
DEVELOPMENT POSCO E&C SEPTA-USA VANCOUVER SKYTRAIN MTR ISLAMIC
REPUBLIC OF IRAN RAILWAYS |
|
Competitors |
BOMBARDIER ALSTOM SIMENS |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
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) |
|
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 |
HYUNDAY ROTEM
USA ONE CRESCENT DRIVE,
SUITE 102, NAVY YARD, CORPORATE CENTER, PHILADELPIA, PA 19112, USA TEL:+1-215-227-6836
FAX:+1-215-228-6837 HYUNDAY ROTEM
EU BUYUKDERE CAD.
NUROL PLAZA NO. 71 A K: 15 34398 MASLAK, ISTANBUL, TURKEY TEL:+90-212-276-9786
FAX:+90-212-276-3673 HYUNDAY ROTEM
DETROIT BRANCH 23255 COMMERCE
DRIVE, SUITE 201, FARMINGTON, MI 48355 USA TEL:+1-586-254-5600
FAX:+1-586-254-5603 HYUNDAY ROTEM
SINGAPORE BRANCH 300 BISHAN
ROAD, BISHAN DEPORT SINGAPORE 579828 TEL:+65-6452-2086
FAX:+65-6452-2089 HYUNDAY ROTEM DELHI
BRANCH 2ND FL.,
INSPECTION BAY BUILDING, DMRC-KHYBER PASS METRO DEPORT, TIMARPUR ROAD, DELHI
110054 INDIA TEL:+91-11-2381-0128
FAX:+91-11-2381-0128 HYUNDAY ROTEM
BENGALOORU SITE OFFICE BHARAT EARTH
MOVERS LTD., BENGALOORU COMPLEX, NEW THIPPASANDREA POST, BENGALOORU, 560-075
INDIA TEL:+91-80-2524-8328
FAX:+91-80-2524-7020 |
|
Liaison Office |
|
|
Overseas
Branch |
|
|
Joint Venture |
|
|
Subsidiary |
HYUNDAI ROTEM USA CORPORATION (100.00% held
by the subject company) ROTEM EQUIPMENTS (BEIJING) CO. LTD.(CHINA) (100.00% held
by the subject company) HYUNDAI EUROTEM DEMIRYOLU ARACLARI VE TICARET A.S. (50.50% held
by the subject company) HYUNDAI ROTEM
AUTOMOTIVE (100.00% held
by the subject company) MAINTRANCE (80.00% held
by the subject company) GREEN AIR CO.,
LTD.(165011-0026005) (51.00% held
by the subject company) |
|
Corporate
Ownership |
|
|
Major
Shareholders |
|
|
Cooperative
Enterprise |
-Insured
Company HYUNDAI MARINE & FIRE INSURANCE CO.,
LTD.(110111-0035893) |
Sales by Region
(Activity & Markets)
|
Sales/ Unit
:100 Mil KRW |
2010 |
2009 |
2008 |
|
Export |
11,965 |
9,616 |
6,940 |
|
Domestic |
17,019 |
17,651 |
15,659 |
|
Total |
28,984 |
27,267 |
22,599 |
The Subject
exports to Hong Kong, India, USA, New Zealand, Turkey and Greece.
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount
(Million KRW) |
Status |
|
|
|
KORAIL CORP |
The Subject Company |
Claim for Compensation from Damages |
30,645 |
Proceeding |
|
|
|
Kim Sang-Hap & Others(2,038) |
The Subject Company |
Related to salaries |
14,630 |
Proceeding |
|
|
|
The Subject Company |
KORAIL CORP |
Receivables |
28,144 |
Proceeding |
|
|
|
The Subject Company |
KORAIL CORP |
Receivables |
26,901 |
Proceeding |
|
|
|
The Subject Company |
KORAIL CORP |
Receivables |
73,057 |
Proceeding |
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.04 |
|
|
1 |
Rs.96.02 |
|
Euro |
1 |
Rs.70.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ASH |
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.