|
Report No. : |
311634 |
|
Report Date : |
14.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
TONGYANG INC. |
|
|
|
|
Registered Office : |
100, Cheonggyecheon-Ro, Jung-Gu, Seoul, West Wing, Signature Towers, Korea 100-230 |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Financials (as on) : |
30.09.2014 |
|
|
|
|
Date of Incorporation : |
25.08.1955 |
|
|
|
|
Com. Reg. No.: |
116-81-34352 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Ready-Mix Concrete (Ready-Mixed Concrete, Concrete
Pile, Acrylic Fiber, Acrylic Yarn, Spun Bond, Lyocell Fiber, Garments,
Construction) |
|
|
|
|
No. of Employees : |
380 |
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 : |
Slow but correct |
|
|
|
|
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 |
SOUTH KOREA - ECONOMIC OVERVIEW
South Korea over the past
four decades has demonstrated incredible growth and global integration to become
a high-tech industrialized economy. In the 1960s, GDP per capita was comparable
with levels in the poorer countries of Africa and Asia. In 2004, South Korea
joined the trillion-dollar club of world economies, and is currently the
world's 12th largest economy. Initially, a system of close government and
business ties, including directed credit and import restrictions, made this
success possible. The government promoted the import of raw materials and
technology at the expense of consumer goods, and encouraged savings and
investment over consumption. The Asian financial crisis of 1997-98 exposed
longstanding weaknesses in South Korea's development model including high
debt/equity ratios and massive short-term foreign borrowing. GDP plunged by
6.9% in 1998, and then recovered by 9% in 1999-2000. South Korea adopted
numerous economic reforms following the crisis, including greater openness to
foreign investment and imports. Growth moderated to about 4% annually between
2003 and 2007. South Korea's export focused economy was hit hard by the 2008
global economic downturn, but quickly rebounded in subsequent years, reaching
6.3% growth in 2010. The US-Korea Free Trade Agreement was ratified by both
governments in 2011 and went into effect in March 2012. Throughout 2012 and
2013 the economy experienced sluggish growth because of market slowdowns in the
United States, China, and the Eurozone. The administration in 2014 is likely to
face the challenge of balancing heavy reliance on exports with developing
domestic-oriented sectors, such as services. The South Korean economy's long
term challenges include a rapidly aging population, inflexible labor market,
dominance of large conglomerates (chaebols), and heavy reliance on exports,
which comprise about half of GDP.
|
Source
: CIA |
|
Company Name |
TONGYANG INC. (Ex. Company Name : TONG YANG MAJOR CORPORATION) |
|
Registered Address |
100,
Cheonggyecheon-ro, Jung-gu, Seoul, Korea |
|
Building |
West Wing, Signature Towers |
|
Zip Code |
100-230 |
|
Tel |
+82-2-3770-3000 |
|
Fax |
+82-2-3770-3305 |
|
E-mail |
pbsmen@tymajor.co.kr |
|
Website |
www.tongyanginc.co.kr |
|
Trading Address |
West Wing, Signature Towers, 100, Cheonggyecheon-ro, Jung-gu, Seoul, Korea (Old Address System : West Wing, Signature
Towers, 99, Supyo-dong, Jung-gu, Seoul, Korea) |
|
Tel |
+82-2-3770-3000 |
|
Fax |
+82-2-3770-3305 |
|
Other Address |
Hans Tower, 46-5, Guro-dong, Guro-Gu,
Seoul, Korea (P.O.BOX 1107) |
|
Tel |
+82-2-791-1114 |
|
Fax |
+82-2-791-1200 |
|
Other Address-Nam-Gwangju Factory |
251-1, Songha-dong, Nam-gu, Gwangju, Korea |
|
Tel |
+82-62-674-1811~6 |
|
Fax |
+82-62-671-0633 |
|
Other Address-Gimhae Factory |
315, Sincheon-ri, Hallim-myeon, Gimhae-si, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-346-6163 |
|
Fax |
+82-55-346-6166 |
|
Other Address-Haman Factory |
351-60, Yunoe-ri, Beopsu-myeon, Haman-gun,
Gyeongsangnam-do, Korea |
|
Tel |
+82-55-584-3201 |
|
Fax |
|
|
Other Address-Gwangju Factory |
389, Munhyeong-ri, Opo-eup, Gwangju-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-766-4937 |
|
Fax |
+82-31-766-4941 |
|
Other Address-Gangneung Factory |
494, Songhyeon-ri, Sonyang-myeon,
Yangyang-gun, Gangwon-do, Korea |
|
Tel |
+82-33-672-0011~3 |
|
Fax |
+82-33-672-0018 |
|
Other Address-Muan Factory |
546, Cheonggye-ri, Cheonggye-myeon,
Muan-gun, Jeollanam-do, Korea |
|
Tel |
+82-61-452-0461~4 |
|
Fax |
+82-41-454-0421 |
|
Other Address |
57-2, Seokhwa-ri, Yangseong-myeon, Anseong-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-671-6671 |
|
Fax |
+82-31-671-6675 |
|
Other Address-Daegu Factory/Span |
838-4, Geomdan-dong, Buk-gu, Daegu, Korea |
|
Tel |
+82-53-384-3215 |
|
Fax |
+82-53-384-3216 |
|
Other Address- Daegu EXEX Factory |
2037-27, Bisan-dong, Seo-gu, Daegu, Korea |
|
Tel |
+82-53-341-8510 |
|
Fax |
+82-53-341-8511 |
|
Other Address-Anseong Logistics Center |
453-5, Yongdu-ri, Gongdo-eup, Anseong-si,
Gyeonggi--do, Korea |
|
Tel |
+82-31-691-9414 |
|
Fax |
+82-31-618-9381 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Ready-Mix Concrete |
|
Main
Business |
Ready-Mixed Concrete, Concrete Pile, Acrylic Fiber, Acrylic Yarn, Spun
Bond, Lyocell Fiber, Garments, Construction |
|
Sub
Business |
Apartment Building Construction |
|
Established (mm/dd/yyyy) |
08/25/1955 |
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Sweaters(53101700) |
|
Sell |
Synthetic fabrics(11161800) |
|
Sell |
Wool yarn(11151701) |
|
Sell |
Mens tshirts(53103001) |
|
Sell |
Spunbonded nonwovens(11162201) |
|
Sell |
Womens slacks or trousers or shorts(53101504) |
|
Sell |
Synthetic fabrics(11161800) |
|
Sell |
Acrylic yarn(11151704) |
|
Sell |
Packaging paper(14121504) |
|
Sell |
Knit synthetic fabrics(11161804) |
|
Sell |
Acrylic fibers(11151504) |
|
Sell |
Apartment construction(72131501) |
|
Sell |
Commercial or industrial construction(72131600) |
|
Sell |
Renovation of buildings or landmarks or monuments(72102801) |
|
Sell |
Highway or road paving or surfacing(72131701) |
|
Sell |
Investment advice(84121700) |
|
Sell |
Iron bars(30101603) |
|
Sell |
Concrete and mortars(30111500) |
|
Sell |
Mortars(30111504) |
|
Sell |
Cement(30111601) |
|
Buy |
Buttons(53141505) |
|
Buy |
Threads(11151600) |
|
Buy |
Synthetic fabrics(11161800) |
|
Buy |
Packaging pouches or bags(24121502) |
|
Buy |
String or twine(31151507) |
|
Buy |
Zippers(53141503) |
|
Buy |
Wool fabrics(11161600) |
|
Buy |
Snaps(53141506) |
|
Buy |
Miscellaneous sewing supplies(53141600) |
|
Buy |
Printer labels(55121612) |
|
Name |
Chung Sung-Soo |
|
Address |
|
|
Date of Birth |
09/1955 |
|
Title |
Trustee |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
118,277,410,000 |
||||||||||||||||||
|
Employees |
380 |
||||||||||||||||||
|
Formation |
Listed Company(Korea Stock Exchange : 001520) as of 06/25/1976 A Company of Tong Yang Group |
||||||||||||||||||
|
Bank Details |
Woori Bank-Yoido Central Branch |
||||||||||||||||||
|
Corporate Registered No. |
110111-0005333 |
||||||||||||||||||
|
Business Registered No. |
116-81-34352 |
||||||||||||||||||
|
Permit & Licenses |
06/27/1995 ISO 9001 12/1995 ISO 9002 04/15/1996 KS Mark Int’l Trade No.: 710084 |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
08/25/1955 Established 05/01/1968 Incorporated as TONGYANG CEMENT
INDUSTRY CO., LTD. 07/01/1985 Changed company name to TONGYANG
CEMENT CO., LTD. 07/14/1999 Acquired TONG YANG GLOBAL CO.,
LTD. 06/09/2000 Changed company name to TONG YANG MAJOR CORPORATION 02/29/2008 Acquired TONG YANG MAJOR
INDUSTRY CO., LTD. 05/12/2008
Acquired HANIL SYNTHETIC FIBER CO.,
LTD.(190111-0000220) 07/27/2011
Changed company name to the present name from TONG YANG MAJOR
CORPORATION 09/01/2011 Acquired TONG YANG MAGIC CO., LTD.(110111-0893374) 07/02/2012 Moved to the present HQ address
from Alpha
Bldg., 70, Seorin-dong, Jongno-gu, Seoul, Korea 04/01/2013 Transferred Fashion Business to TONGYANG NETWORKS
Corporation(110111-0766703) 04/30/2013 Transferred Ready-Mixed Concrete Factories to SAMPYO
corporation(110111-0073314) & Other companies(7) 09/30/2013 Applied for Corporate Reviving Procedure to Seoul Central
District Court Q0/17/2013 Decided to start Corporate Reviving Procedure by the order
of Seoul Central District Court 02/14/2014 Submitted Corporate Reviving Plan to Seoul Central District
Court |
||||||||||||||||||
|
|
|
|
Job Description |
Title |
Name |
Sex |
Nationality |
Date of Birth |
|
Trustee |
Mr. |
Chung Sung-Soo |
Male |
Korean |
1955.09. |
|
Auditor |
Mr. |
Yoon Jae-Choon |
Male |
Korean |
1951.06. |
|
Executive Director |
Mr. |
Baik Eui-Hyun |
Male |
Korean |
1954.12. |
|
Executive Director |
Mr. |
Choi Dong-Jin |
Male |
Korean |
1964.10. |
|
Executive Director |
Mr. |
Park Jae-Byung |
Male |
Korean |
1963.04. |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
218,181,419,177 |
1,065,990,393,197 |
733,431,026,408 |
|
|
(*)2013 |
523,539,903,998 |
940,420,262,437 |
-738,041,933,159 |
|
(*)2012 |
752,790,621,687 |
1,744,452,583,183 |
8,921,332,158 |
|
2011 |
877,037,698,367 |
1,776,093,594,110 |
-56,275,129,583 |
|
2010 |
678,741,186,302 |
1,557,712,154,024 |
-155,129,992,228 |
|
2009 |
681,971,405,568 |
1,460,360,553,273 |
-68,631,582,582 |
|
2008 |
571,763,311,019 |
1,374,930,486,613 |
-370,025,676,028 |
|
2007 |
380,533,995,317 |
1,067,043,619,475 |
-23,386,264,271 |
|
2006 |
327,390,300,901 |
838,362,967,013 |
17,892,656,481 |
|
2005 |
305,221,243,712 |
1,004,705,712,773 |
-44,284,811,778 |
(*)Figures are based on
the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
2,500,000,000,000 |
|
Paid-Up Capital(KRW) |
118,277,410,000 |
|
Total Issued Shares |
236,554,820 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
01/01/2014~09/30/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Total
Assets |
1,065,990,393,197 |
940,420,262,437 |
1,744,452,583,183 |
|
Current Assets |
488,558,614,740 |
439,401,187,236 |
599,566,536,381 |
|
Inventories |
36,383,554,109 |
42,786,833,681 |
109,558,513,474 |
|
Trade
Receivables |
93,760,416,126 |
113,923,204,781 |
294,063,351,875 |
|
Other
Receivables-Construction |
25,213,423,443 |
30,615,468,783 |
31,919,949,287 |
|
Short-Term
Receivables |
9,274,806,898 |
26,700,016,227 |
31,636,192,926 |
|
Current
Financial Instruments |
25,917,488,571 |
33,936,925,833 |
94,799,525,712 |
|
Other
Current Assets |
3,650,465,400 |
8,896,386,870 |
13,408,588,338 |
|
Current
Assets to be Sold |
|
123,279,620,256 |
|
|
Marketable
Financial Instruments |
|
|
100,000,000 |
|
Derivatives |
|
|
315,631,271 |
|
Deferred
Income Tax Assets |
443,252,760 |
2,787,632,967 |
1,943,440,169 |
|
Other
Current Assets |
5,246,196,646 |
5,177,154,194 |
19,923,960,423 |
|
Cash
& Cash Equivalents |
288,669,010,787 |
51,297,943,644 |
1,897,382,906 |
|
Non-Current
Assets |
577,431,778,457 |
501,019,075,201 |
1,144,886,046,802 |
|
Tangibles |
237,891,069,542 |
241,246,238,672 |
587,714,837,577 |
|
Investment_Real
Estates |
63,901,151,834 |
64,509,304,845 |
119,453,906,558 |
|
Operating
Rights |
7,254,976,090 |
7,254,976,090 |
85,095,907,199 |
|
Intangibles |
4,913,013,941 |
5,949,497,908 |
40,794,794,885 |
|
Investment_Subsidiaries |
7,665,920,510 |
7,665,970,510 |
247,765,556,192 |
|
Investment_Related
Companies |
316,471,347 |
316,471,347 |
10,225,169,380 |
|
Non-Current
Marketable Financial Instruments |
225,107,682,160 |
166,269,224,954 |
20,786,559,346 |
|
Non-Current
Derivatives |
11,852,686,698 |
|
393,763,841 |
|
Long-Term
Loans |
171,991,512 |
232,991,288 |
14,613,099,559 |
|
Non-Current
Financial Instruments |
1,078,360,000 |
533,020,000 |
24,500,000 |
|
Other
Non-Current Receivables |
17,222,994,552 |
7,041,379,587 |
9,096,692,223 |
|
Other
Non-Current Assets |
55,460,271 |
|
8,921,260,042 |
|
Total
Liabilities |
557,146,651,370 |
1,412,506,576,786 |
1,491,381,440,746 |
|
Current
Liabilities |
91,639,760,485 |
1,371,956,112,628 |
1,396,734,242,359 |
|
Current
Portion of Provisions |
|
|
305,476,633 |
|
Trade
Payables |
15,717,953,605 |
96,617,230,583 |
158,530,113,205 |
|
Short-Term
Borrowings |
|
241,279,047,699 |
206,584,294,926 |
|
Short-Term
Debentures |
|
|
10,000,000,000 |
|
Current
Portion of Long-Term Debts |
|
99,323,350,289 |
170,046,198,971 |
|
Current
Portion of Debentures |
|
842,876,187,871 |
797,863,553,310 |
|
Current
Portion of Corporate Reviving Debts |
49,276,540,548 |
|
|
|
Current
Portion of Derivatives |
|
|
155,405,799 |
|
Other
Current Debts |
7,407,104,095 |
61,147,654,593 |
35,514,911,153 |
|
Other
Payables-Construction |
2,532,568,671 |
11,743,006,230 |
6,342,321,144 |
|
Other
Current Liabilities |
16,705,593,566 |
18,969,635,363 |
11,391,967,218 |
|
Non-Current
Liabilities |
465,506,890,885 |
40,550,464,158 |
94,647,198,387 |
|
Provisions |
48,423,096,966 |
7,577,554,652 |
8,257,832,036 |
|
Long-Term
Borrowings |
|
|
22,302,322,135 |
|
Other
Non-Current Liabilities |
14,962,224,309 |
7,388,148,984 |
12,044,873,756 |
|
Finance
Guarantee Contract |
260,142,634 |
260,142,634 |
1,240,864,164 |
|
Provision
for Severance & Retirement |
11,357,961,284 |
13,195,634,733 |
40,693,574,999 |
|
Deferred
Income Tax Credit |
12,128,983,155 |
12,128,983,155 |
10,107,731,297 |
|
Non-Current
Portion of Corporate Reviving Debts |
378,374,482,537 |
|
|
|
Capital
Stock |
118,277,410,000 |
127,663,997,500 |
127,663,997,500 |
|
Capital
Surplus |
|
162,617,576,964 |
162,617,576,964 |
|
Treasury
Stock |
-52,971,938,591 |
-52,971,938,591 |
-49,580,227,019 |
|
Profit
Surplus |
7,757,505,270 |
-725,673,521,138 |
8,934,141,479 |
|
Installments |
81,563,476,171 |
18,094,805,803 |
5,252,888,400 |
|
Others |
354,217,288,977 |
-1,817,234,887 |
-1,817,234,887 |
|
Total
Equity |
508,843,741,827 |
-472,086,314,349 |
253,071,142,437 |
|
Liab.
& Shareholder’s Equity |
1,065,990,393,197 |
940,420,262,437 |
1,744,452,583,183 |
|
Income Statement |
|||
|
Unit : Korean Won |
01/01/2014~09/30/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Sales |
218,181,419,177 |
523,539,903,998 |
752,790,621,687 |
|
Cost
of Sold Goods |
-187,355,227,351 |
-460,726,556,985 |
-611,380,225,820 |
|
Gross
Profit |
30,826,191,826 |
62,813,347,013 |
141,410,395,867 |
|
Selling
& Admin. Expenses |
-22,361,489,401 |
-128,695,582,814 |
-79,406,119,464 |
|
Operating
Income |
8,464,702,425 |
-65,882,235,801 |
62,004,276,403 |
|
Finance
Income |
17,008,003,598 |
22,105,503,952 |
16,412,937,504 |
|
Finance
Expenses |
-39,306,979,268 |
-189,571,319,430 |
-118,621,137,093 |
|
Other
Income |
819,265,698,218 |
61,901,486,246 |
34,696,249,544 |
|
Other
Expenses |
-72,000,398,565 |
-559,302,392,603 |
-23,627,724,658 |
|
Profits
from Investment on Subsidiaries |
|
-13,012,166,654 |
4,171,118,688 |
|
Profits
from Investment on Related Companies |
|
-6,777,498,033 |
-600,018,818 |
|
Income
Before Taxes |
733,431,026,408 |
-750,538,622,323 |
-25,564,298,430 |
|
Income
Taxes Expenses |
|
8,671,585,091 |
18,507,200,194 |
|
Income
from Continuous Business |
733,431,026,408 |
-741,867,037,232 |
-7,057,098,236 |
|
Income
from Stopped Business |
|
3,825,104,073 |
15,978,430,394 |
|
Net
Income |
733,431,026,408 |
-738,041,933,159 |
8,921,332,158 |
|
Cash Flows |
|||
|
Unit : Korean Won |
01/01/2014~09/30/2014 |
As of 12/31/2013 |
As of 12/31/2012 |
|
Operating
Activities Cash Flows |
51,785,861,144 |
48,263,512,258 |
-32,016,072,845 |
|
Net
Income |
733,431,026,408 |
-738,041,933,159 |
8,921,332,158 |
|
Adjustment |
-708,878,147,885 |
783,144,170,967 |
120,731,525,604 |
|
Changes
in Asset/ & Liability |
22,960,110,156 |
75,458,588,761 |
-77,397,366,545 |
|
Interests
Received |
2,194,757,895 |
17,627,075,172 |
12,093,866,042 |
|
Interests
Paid |
-266,336,537 |
-89,156,393,464 |
-103,440,869,692 |
|
Dividends
Received |
70,900 |
91,872,172 |
4,391,031,523 |
|
Income
Taxes |
2,344,380,207 |
-859,868,191 |
2,684,408,065 |
|
Cash Flows from Investing |
345,408,840,862 |
-58,572,212,544 |
-8,035,159,255 |
|
Cash
Inflow from Investing |
372,542,851,970 |
1,521,032,070,542 |
1,231,568,445,079 |
|
Cash
Outflows for Investing |
-27,134,011,108 |
-1,579,604,283,086 |
-1,239,603,604,334 |
|
Cash Flows from Financing |
-159,852,578,996 |
59,775,382,737 |
32,233,449,048 |
|
Cash
Inflows from Financing |
|
1,134,450,255,501 |
2,136,860,827,908 |
|
Cash
Outflows from Financing |
-159,852,578,996 |
-1,074,674,872,764 |
-2,104,627,378,860 |
|
Increase/Decrease in Cash |
237,371,067,143 |
49,466,682,451 |
-7,817,783,052 |
|
Cash at the Beginning of Year |
51,297,943,644 |
1,897,382,906 |
9,714,895,056 |
|
Cash at the End of Year |
288,669,010,787 |
51,297,943,644 |
1,897,382,906 |
|
Main Products & Services |
REMICON(Ready Mixed Concrete) Business Construction Business Textile Business Brand Name : TOP★CON, N-PART, MAGIC |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
TONG YANG CEMENT CORP.(110111-2462630) |
|
Customers |
|
|
Competitors |
SSANG YONG REMICON CO., LTD. 10TH FL., SSANGYONG BLDG., 24-1, JEODONG
2-GA, JUNG-GU, SEOUL, KOREA TEL:+82-2-2270-5862 FAX:+82-2-2270-5445 HANIL INDUSTRIAL CO., LTD. 2ND FL., UDEOK BLDG., 832-2, YEOKSAM
1-DONG, GANGNAM-GU, SEOUL, KOREA TEL:+82-2-3466-9600 FAX:+82-2-3466-9601~2 SUNIL INDUSTRIAL CO., LTD. 542-5, DOGOK 1-DONG, GANGNAM-GU, SEOUL,
KOREA TEL:+82-2-3462-0900 FAX:+82-2-3462-4374 |
|
Affiliates-Domestic |
TONG YANG CEMENT CORP.(110111-2462630) TONGYANG REMICON CO., LTD.(110111-0262652) HAN SEUNG REMICON CO., LTD.(124411-0017518) HANIL SYNTHETIC FIBER CO.,
LTD.(110111-3899501) TONGYANG HOLDINGS CO., LTD.(110111-4374023) TONG TANG TY CO., LTD.(110111-4498568) TONGYANG PLANT CONSTRUCTION CO.,
LTD.(110111-4710441) TONGYANG PILE INC.(164811-0073035) TONGYANG CEMENT E&C
CORP.(144611-0012544) DAMUL JEIHO CORPORATION(144611-0010001) GOLDEN E&P CORP.(110111-5107548) TONG YANG A&D CO.LTD.(110111-3476135) TONG YANG ENERGY CO., LTD.(110111-4835794) TONGYANG INTERNATIONAL INC.(110111-1142382) |
|
Affiliates-Overseas |
TONG YANG
ASIA LIMITED UGLAND HOUSE, SOUTH CHURCH STREET
GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS BEIJING
SHUNTONG READY-MIXED CONCRETE YAOPOCUNXI, RENHEZHEN, SHUNYIQU, BEIJING,
CHINA BEIJING
TONGJIAN READY-MIXED CONCRETE DONGKOU, PINGFANGCUN. PINGFANG-XIANG, CHAO
YANG DISTRICT, BEIJING, CHINA PT. HANIL
INDONESIA ADHI GRAHA BUILDING 18TH FLOOR, SUITE 1801
JL, JEND. GATOT SUBROTO KAV. 56 JAKARTA 12950, INDONESIA HANIL
HONDURAS KM.5, BARRIO PUEBLO NUEVO, AUTOPISTA
ENTRADA A PUERTO CORTES, HONDURAS HANIL HONG
KONG TONGYANG
TRADE(DA LIAN) CO., LTD. KOOTENAY
ENERGY INC. GOLDEN OIL
COLOMBIA CORPORATION |
|
Overseas Office |
TONG YANG
AMERICA, INC. 150 EAST
52ND STREET, 25TH FLOOR, NEW YORK, NY 10022, U.S.A TEL:+1-212-415-1008
FAX:+1-212-415-1010 PT. MITRA
BINTARA PERKASA GEDUNG GRAHA
PRATAMA LANTAI 11 JI. MT. HARYONO KAV. 15 JAKARTA 12810, INDONESIA TEL:+62-21-8379-3640~1
FAX:+62-21-8379-3646 BEIJING
SHUNTONG READY-MIXED CONCRETE YAOPOCUNXI,
RENHEZHEN, SHUNYIQU, BEIJING, CHINA TEL:+86-10-8940-7962
FAX:+86-10-8940-7982 BEIJING
TONGJIAN READY-MIXED CONCRETE 8 HAO JIN
ZHAN XIANG PI CUN GONG YE QU CHAO YANG QU BEIJING, CHINA TEL:+86-10-6548-7577
FAX:+86-10-6548-7595 TONG YANG
MAJOR BEIJING OFFICE YAOPOCUNXI,
RENHEZHEN, SHUNYIQU, BEIJING, CHINA TEL:+86-10-8940-7962
FAX:+86-10-8940-7982 |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
|
|
Subsidiary |
|
|
Corporate Ownership |
|
|
Major Shareholders |
|
|
Cooperative Enterprise |
-Insured company HYUNDAI MARINE & FIREINSURANCE CO., LTD.(110111-0035893) MERITZ FIRE & MARINE INSURANCE CO., LTD.(110111-0013328) |
|
Sales/ Unit :Mil KRW |
06/2012 |
2011 |
2010 |
|
Export |
30,320 |
16,718 |
127,121 |
|
Domestic |
92,273 |
57,886 |
552,610 |
|
Others |
31,071 |
19,875 |
- |
|
Total |
153,664 |
94,479 |
679,731 |
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
Seoul Central District Court |
Seo Won-Il & Others(1253) |
The Subject Company |
- |
492,565 |
Proceeding |
|
|
Seoul Central District Court |
Republic of Korea |
The Subject Company |
- |
12,100 |
Proceeding |
|
|
Seoul Central District Court |
Goo Hee-Cheol & Others(2) |
The Subject Company |
Agreed Amount |
4,933 |
Proceeding |
|
|
Seoul High Court |
Namhwa Construction Co., Ltd.(Korea) |
The Subject Company |
Refund of Inappropriate Profits |
1,020 |
Proceeding |
|
|
Supreme Court |
Suwon Hanil Town Residences’ Representatives |
The Subject Company |
Guarantee for Repairing |
797 |
Proceeding |
|
|
Seoul High Court |
KOBESTEEL CO., LTd.(Korea) |
The Subject Company |
Receivables |
417 |
Proceeding |
|
|
Seoul Central District Court & Others |
Others |
The Subject Company |
Salaries |
1,148 |
Proceeding |
------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.67 |
|
|
1 |
Rs.93.16 |
|
Euro |
1 |
Rs.66.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.