|
Report No. : |
327026 |
|
Report Date : |
11.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
HYUNDAI ROTEM COMPANY |
|
|
|
|
Registered Office : |
488, Changwon-Daero, Uichang-Gu,
Changwon-Si, Gyeongsangnam-Do, Korea 641-808 |
|
|
|
|
Country : |
Korea South |
|
|
|
|
Financials (as on) : |
31.03.2015 |
|
|
|
|
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 : |
3,732 |
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 – 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 |
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 |
|
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, 12,
Heolleung-ro, Seocho-gu, Seoul, Korea (Old Address System : 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.
|
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) |
|
Name |
Kim Seung-Tack |
|
Address |
|
|
Date of Birth |
12/1957 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
425,000,000,000 |
||||||||||||||||||
|
Employees |
3,732 |
||||||||||||||||||
|
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 |
||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
President & CEO |
Mr. |
Kim Seung-Tack |
Korean |
1957.12 |
2015.01.01 |
|
Vice President & CFO |
Mr. |
Shin Min-Soo |
Korean |
1958.09 |
2014.02.25 |
|
Sr. Executive Director |
Mr. |
Chang Hyun-Kyo |
Korean |
1959.01 |
1999.07.01 |
|
Outside Director |
Mr. |
Ha Bok-Dong |
Korean |
1956.10 |
2014.03.21 |
|
Outside Director |
Mr. |
Ryu Jae-Wook |
Korean |
1969.03 |
2014.03.21 |
|
Outside Director / Auditor |
Mr. |
Jin Dong-Soo |
Korean |
1949.03 |
2013.03.26 |
|
Outside Director / Auditor |
Mr. |
Song Dal-Ho |
Korean |
1947.10 |
2013.04.30 |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
713,552,044,000 |
4,297,642,167,000 |
-29,354,817,000 |
|
|
(*)2014 |
2,931,543,282,000 |
4,035,083,839,000 |
-13,171,844,000 |
|
(*)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.
|
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 |
01/01/2015~03/31/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Total
Assets |
4,297,642,167 |
4,035,083,839 |
3,882,372,920 |
|
Current
Assets |
2,891,645,731 |
2,629,997,312 |
2,477,210,428 |
|
Cash
& Cash Equivalents |
221,207,238 |
105,283,172 |
102,346,997 |
|
Trade
Receivables |
323,913,865 |
353,414,887 |
339,191,795 |
|
Other
Receivables |
33,979,059 |
39,965,203 |
23,449,003 |
|
Other
Receivables-Construction |
1,798,790,247 |
1,602,690,834 |
1,385,748,558 |
|
Other
Finance Assets |
33,477,088 |
33,424,609 |
26,731,333 |
|
Inventories |
202,420,682 |
208,267,840 |
169,134,088 |
|
Other
Assets |
274,308,752 |
283,548,827 |
430,608,654 |
|
Assets to be Sold |
3,548,800 |
3,401,940 |
|
|
Non-Current
Assets |
1,405,996,436 |
1,405,086,527 |
1,405,162,492 |
|
Long-Term Trade Receivables |
37,360,476 |
37,097,948 |
33,607,484 |
|
Other
Receivables |
36,426,869 |
37,045,709 |
34,547,012 |
|
Other
Finance Assets |
28,604,823 |
29,061,872 |
27,614,331 |
|
Tangibles |
1,023,855,121 |
1,032,004,563 |
1,064,953,232 |
|
Investment_Real
Estates |
12,699,083 |
12,699,083 |
15,534,809 |
|
Intangibles |
182,502,154 |
181,675,255 |
153,822,356 |
|
Investment_Subsidiaries |
81,387,974 |
72,290,702 |
71,666,042 |
|
Investment_Related
Companies |
1,181,377 |
1,181,377 |
1,181,377 |
|
Other
Non-Current Assets |
1,978,559 |
2,030,018 |
2,235,849 |
|
Total Liabilities |
2,683,014,861 |
2,391,146,163 |
2,188,299,251 |
|
Current Liabilities |
1,424,667,184 |
1,240,383,849 |
1,509,025,023 |
|
Trade Payables |
413,703,710 |
537,414,283 |
371,505,050 |
|
Account
Payables |
38,406,136 |
79,897,214 |
73,624,738 |
|
Other Payables-Construction |
331,573,074 |
290,710,835 |
433,971,562 |
|
Short-Term
Borrowings |
66,105,495 |
80,265,399 |
151,932,718 |
|
Current
Portion of Long-Term Debts |
482,180,577 |
163,207,537 |
314,447,575 |
|
Deferred
Income Tax Credit |
|
|
19,105,538 |
|
Other
Current Liabilities |
92,698,192 |
88,888,581 |
144,437,842 |
|
Non-Current Liabilities |
1,258,347,677 |
1,150,762,314 |
679,274,228 |
|
Debentures |
822,240,814 |
598,214,850 |
199,297,694 |
|
Long-Term
Borrowings |
163,891,449 |
284,391,641 |
179,553,914 |
|
Provision
for Severance & Retirement |
88,788,795 |
78,530,630 |
77,491,570 |
|
Provisions |
42,678,919 |
41,481,677 |
32,932,100 |
|
Other
Non-Current Liabilities |
88,238,133 |
92,380,622 |
118,764,038 |
|
Deferred
Income Tax Credit |
52,509,567 |
55,762,894 |
71,234,912 |
|
Capital Stock |
425,000,000 |
425,000,000 |
425,000,000 |
|
Capital
Surplus |
408,389,934 |
408,389,934 |
408,389,934 |
|
Others |
251,387 |
206,941 |
-13,237 |
|
Profit
Surplus |
780,985,985 |
810,340,801 |
860,696,972 |
|
Total
Equity |
1,614,627,306 |
1,643,937,676 |
1,694,073,669 |
|
Liab.
& Shareholder’s Equity |
4,297,642,167 |
4,035,083,839 |
3,882,372,920 |
|
Income Statement |
|||
|
Unit : Thousand Korean Won |
01/01/2015~03/31/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Sales |
713,552,044 |
2,931,543,282 |
3,044,920,932 |
|
Cost
of Sold Goods |
689,872,608 |
2,746,090,542 |
2,743,393,359 |
|
Gross
Profit |
23,679,436 |
185,452,740 |
301,527,573 |
|
Selling
& Admin. Expenses |
40,416,204 |
197,316,573 |
146,621,972 |
|
Operating
Income |
-16,736,768 |
-11,863,833 |
154,905,601 |
|
Other
Operating Income |
26,968,675 |
110,933,913 |
80,590,022 |
|
Other
Operating Expenses |
29,875,915 |
75,992,800 |
59,821,072 |
|
Finance
Income |
2,761,402 |
14,663,089 |
29,423,678 |
|
Finance
Expenses |
12,428,936 |
48,546,875 |
58,230,630 |
|
Income
Before Taxes |
-29,311,542 |
-10,806,506 |
146,867,599 |
|
Income
Taxes Expenses |
43,275 |
2,365,338 |
34,390,235 |
|
Net
Income |
-29,354,817 |
-13,171,844 |
112,477,364 |
|
Cash Flows |
|||
|
Unit : Thousand Korean Won |
01/01/2015~03/31/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Operating Activities Cash Flows |
-279,692,161 |
-210,881,976 |
-442,527,626 |
|
Cash
Flows from Operating |
-268,885,119 |
-153,360,166 |
-385,732,461 |
|
Net
Income |
-29,354,816 |
-13,171,844 |
112,477,364 |
|
Adjustment |
46,845,954 |
151,798,750 |
141,315,357 |
|
Changes
in Asset/ & Liability |
-286,376,257 |
-291,987,072 |
-639,525,182 |
|
Interests
Received |
953,944 |
4,441,869 |
5,906,243 |
|
Interests
Paid |
-8,303,333 |
-34,897,208 |
-47,469,169 |
|
Dividends
Received |
|
4,869,295 |
1,010,626 |
|
Income
Taxes |
-3,457,653 |
-31,935,766 |
-16,242,865 |
|
Cash
Flows from Investing |
-14,745,864 |
-46,846,732 |
18,821,622 |
|
Cash
Flows from Financing |
410,535,696 |
260,533,033 |
428,725,213 |
|
Increase/Decrease
in Cash |
116,097,671 |
2,804,325 |
5,019,209 |
|
Cash
at the Beginning of Year |
105,283,172 |
102,346,997 |
101,442,511 |
|
Cash
at the End of Year |
221,207,238 |
105,283,172 |
102,346,997 |
|
Main Products & Services |
-Railway System -Heavy Equipment -Plant System -Other System |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
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 |
|
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) MAINTRANS COMPANY(110111-3920520) (80.00% held by the subject company) GREEN AIR CO., LTD.(165011-0026005) (51.00% held by the subject company) HYUNDAI ROTEM BRASIL SERVICOS DE ENGENHARIA LTDA. (100.00% held by the subject company) |
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
-Insured Company HYUNDAI MARINE & FIRE INSURANCE CO., LTD.(110111-0035893) |
|
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.
|
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 |
There are 13 cases
frilled as Defendant(s)/ Debtor(s)/ Respondent(s) amounting 47,867,375,000 KRW, and
3 cases of arbitration amounting 152,100,000,000 KRW as of 03/31/2015.
-----------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.88 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.72.15 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.