|
Report No. : |
350997 |
|
Report Date : |
23.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
HANWHA CHEMICAL
CORPORATION |
|
|
|
|
Registered Office : |
86, Cheonggyecheon-ro, Jung-gu, Seoul,
Korea, 04541, 17th Fl., Hanwha Bldg. |
|
|
|
|
Country : |
South
Korea |
|
|
|
|
Financials (as on) : |
30.06.2015 |
|
|
|
|
Date of Incorporation : |
27.04.1974 |
|
|
|
|
Com. Reg. No.: |
202-81-16577 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Basic Organic Petrochemicals. |
|
|
|
|
No. of Employees : |
2,490 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 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. 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 slow growth due to sluggish domestic consumption and
investment. 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. In an effort to address the long term challenges and sustain
economic growth, the current government has prioritized structural reforms,
deregulation, promotion of entrepreneurship and creative industries, and the
competitiveness of small and medium enterprises.
|
Source
: CIA |
|
Company Name |
HANWHA CHEMICAL
CORPORATION (Trade Name :
HCC) |
|
Registered Address |
86, Cheonggyecheon-ro, Jung-gu, Seoul,
Korea |
|
Building |
17th Fl., Hanwha Bldg. |
|
Zip Code |
04541 |
|
Tel |
+82-2-729-2700 |
|
Fax |
+82-2-729-1455 |
|
E-mail |
webhcc@hanwha.co.kr;temuchin@hanwha.co.kr |
|
Website |
hcc.hanwha.co.kr |
|
Trading Address |
Hanwha Bldg., 86, Cheonggyecheon-ro, Jung-gu,
Seoul, Korea (Old Address System : Hanwha Bldg., 1,
Janggyo-dong, Jung-gu, Seoul, Korea (C P O Box 2626) |
|
Tel |
+82-2-729-2700 |
|
Fax |
+82-2-729-1455 |
|
Other Address-Yeosu Factory |
287-9, Pyeongyeo-dong, Yeosu-si,
Jeollanam-do, Korea |
|
Tel |
+82-61-688-1114 |
|
Fax |
+82-61-688-1011 |
|
Other Address-Ulsan Factory I |
482, Sanggae-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-279-2114 |
|
Fax |
+82-52-267-6606 |
|
Other Address-Ulsan Factory II |
666, Yeocheon-dong, Nam-gu, Ulsan, Korea |
|
Tel |
+82-52-279-5114 |
|
Fax |
+82-52-279-5111 |
|
Other Address-Jinhae Factory |
530, Jangcheon-dong, Jinhae-si, Gyeongsangnam-do, Korea |
|
Tel |
+82-55-540-3055 |
|
Fax |
|
|
Other Address-R&D Center |
6, Sinseong-dong, Yuseong-gu, Daejeon,
Korea |
|
Tel |
+82-42-865-6400 |
|
Fax |
+82-42-861-2611 |
|
Type |
Export |
|
Industry |
Manufacture of Basic Organic Petrochemicals |
|
Main Business |
PE,PVC, Caustic Soda, Hydrochloricacid, Low Density Polyethylene,
Linear Low Density Polyethylene |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
04/27/1974 |
The Subject owns
the premises of Ulsan Factory I, Yeosu Factory and R&D Center.
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Plasticizers(12162000) |
|
Sell |
Low Density Polyethylene LDPE(13102018) |
|
Sell |
Thermoplastic plastics(13102000) |
|
Sell |
Water treatment and supply
equipment(47101500) |
|
Sell |
Alcohols or its substitutes(12352104) |
|
Sell |
Ethylene Vinyl Acetate EVA(13102009) |
|
Sell |
Alcohols or its substitutes(12352104) |
|
Sell |
Chlorinated mixed gases(12142102) |
|
Sell |
Chemistry reagents or solutions(41116105) |
|
Sell |
Polyvinyl chloride resin(13111025) |
|
Sell |
Inorganic hydroxides(12352305) |
|
Sell |
Inorganic metal salts(12352302) |
|
Sell |
Chemistry reagents or solutions(41116105) |
|
Sell |
Aliphatic solvents(12191502) |
|
Sell |
Abrasives and abrasive media(31191500) |
|
Name |
Kim Chang-Bum |
|
Address |
|
|
Date of Birth |
09/1955 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
|
Capital (KRW) |
707,036,240,000 |
|||||||||||||||
|
Employees |
2,490 |
|||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 009830) as of 06/19/1974 Listed Deposit Receipt(DR) at Singapore Exchange Securities Trading
Limited as of 04/30/2014 A Company of HANWHA GROUP |
|||||||||||||||
|
Bank Details |
Woori Bank-Sales 2 Department |
|||||||||||||||
|
Corporate Registered No. |
110111-0360935 |
|||||||||||||||
|
Business Registered No. |
202-81-16577 |
|||||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 831437 |
|||||||||||||||
|
Shareholder Position |
|
|||||||||||||||
|
Company History |
12/29/2014 Acquired HANHWA BASIS CO., LTD.(110111-1181025) 01/29/2013 Acquired HANWHA NANOTECH
CORPORATION(211111-0011643) 03/19/2010 Changed Korean company name to the
present name(한화케미칼(주)) from 한화석유화학(주) 07/2008 Advancement ing into solar power
cells business 06/2008 Yeosu LD Plant expanded 12/2007 Physical divisioning of
Congeneration plant sector, Establishment of Yeosu Congeneration plant co.,
Ltd 06/2007 Ulsan CA&EDC capacity expanded 01/2007 Group CI Changed (TRI Circle) 01/2006 Yeosu W/C capacity expanded 12/2005 Yeosu CA capacity expanded 08/2005 Jinhae SAA capacity expanded 03/2005 Ulsan PVC capacity expanded 12/2004 PVC Plant expanded 08/2004 Opened the office in Beijing 10/2003 Yeosu OXY-EDC Plant expanded 07/2003 China Hanwha Trade (Shanghai) Co.,
Ltd. established 04/2003 CA Plant expanded 05/2002 Certification of Safety and
Sanitation Management System plant (K-OHSMS 18001) 04/2002 SAA plant completed 07/2001 Completion of ㎝P Slurry
plant for semi-conductor 04/2001 Expansion and completion of Yeosu
CA plant 04/2000 Expansion and completion of Yeosu
EDC, V㎝ plants 12/1999 Yeochun NCC established as joint
venture with Daelim Industrial Corp. 12/1997 Yeochun PP plant completed 12/1997 Yeosu 2-EH plant completed 10/1995 Yeosu PVC plant expanded 10/1994 Company name changed to Hanswha
Chemical Corp.(HCC) 03/1994 Yeosu Ammonium Chloride plant
completed 10/1992 Yeosu Naphtha Cracking Center
completd 08/1991 Yeosu ECH plant completed 07/1991 1st Ulsan plant, C/A EDC, V㎝ plant
completed 09/1990 Yeosu PVC plant completed 11/1989 Yeosu HDPE plant completed 09/1989 Han Yang Chemical (Thailand) Co.
established in Thailand 12/1988 Han Yang - BASF Urethane Co., Ltd.
established as a joint-venture company with BASF in Germany 10/1988 ACAN Windows Inc. in Canada
established 05/1988 Yeosu LLDPR plant completed. 03/1986 Yeosu LLDPE plant completed. 01/1984 Han Yang Chemical Co., Korea
Chemical Co. and Han Yang Chemical Holding Co. merged) 12/1982 HanYang Chemical Corp. established. 06/1980 Yeosu V㎝,EDC,LDPE, Cl2, NaOH plants completed. 03/1979 Daedeok R&D Center established 09/1975 Dow Chemical Korea Ltd. established 04/27/1974 Han Yang Chemical Holding Co.,
Ltd. established by taking over the shares of Han Yang Chemical Co. owned by
Korea Pacific Chemical |
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education/Career |
|
President & CEO |
Mr. |
Kim Chang-Bum |
Korean |
1955.09. |
Korea University, Korea |
|
Sr. Executive Director |
Mr. |
Lim Jong-Hoon |
Korean |
1958.05. |
Sungkyunkwan University, Korea |
|
Sr. Executive Director |
Mr. |
Choi Kyu-Dong |
Korean |
1959.06. |
Korea University, Korea |
|
CFO |
Mr. |
You Young-In |
Korean |
1961.02. |
Sungkyungwan University, Korea |
|
Director |
Mr. |
Kim Moon-Soon |
Korean |
1944.03. |
- |
|
Outside Director / Auditor |
Mr. |
Kim Young-Hak |
Korean |
1953.12.08 |
Seoul National University, Korea |
|
Outside Director / Auditor |
Mr. |
Lee Si-Woo |
Korean |
1952.02. |
Massachusetts University, USA |
|
Outside Director |
Mr. |
Lim An-Sik |
Korean |
1954.12. |
Seoul National University, Korea |
|
Outside Director / Auditor |
Mr. |
Han Dong-Seok |
Korean |
1949.02. |
Seogang University, Korea |
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
(*)06/2015 |
1,644,279,013,108 |
7,215,151,496,057 |
56,311,670,643 |
|
(*)2014 |
3,579,535,222,186 |
6,713,430,452,130 |
80,230,756,975 |
|
(*)2013 |
3,591,399,310,912 |
6,835,247,775,145 |
115,868,862,988 |
|
(*)2012 |
3,559,004,156,628 |
6,743,550,867,718 |
120,611,566,563 |
|
(*)2011 |
3,970,365,437,715 |
6,233,873,334,393 |
411,519,305,505 |
|
(*)2010 |
3,628,166,238,616 |
5,730,625,913,403 |
283,939,248,179 |
|
2009 |
3,033,722,828,299 |
4,817,478,192,594 |
343,408,134,311 |
|
2008 |
3,036,966,522,359 |
4,455,606,232,564 |
41,496,895,373 |
|
2007 |
2,485,237,056,378 |
3,688,664,456,222 |
204,499,812,621 |
|
2006 |
2,218,540,769,466 |
3,048,607,746,615 |
204,942,806,355 |
|
2005 |
2,116,469,504,678 |
3,003,004,870,842 |
326,640,526,898 |
|
2004 |
2,011,136,568,002 |
3,118,247,404,311 |
300,171,873,044 |
(*)Figures are based on the K-IFRS Accounting System.
|
Authorized Capital(KRW) |
1,500,000,000,000 |
|
Paid-Up Capital(KRW) |
815,316,540,000 |
|
Total Issues Shares |
163,063,308 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
01/01/2015~06/30/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Total
Assets |
7,215,151,496,057 |
6,713,430,452,130 |
6,835,247,775,145 |
|
Current Assets |
1,063,579,696,208 |
951,160,175,895 |
1,066,772,623,416 |
|
Cash
& Cash Equivalents |
149,519,785,551 |
99,456,365,927 |
214,387,484,749 |
|
Other
Financial Assets |
33,992,266,101 |
33,037,844,335 |
28,279,285,491 |
|
Trade
Receivables & Other Receivables |
463,032,200,158 |
421,201,271,518 |
502,500,469,779 |
|
Other
Current Assets |
31,316,416,258 |
30,593,898,182 |
36,485,217,880 |
|
Inventories |
325,719,028,140 |
366,870,795,933 |
285,120,165,517 |
|
Assets to be Sold |
60,000,000,000 |
|
|
|
Non-Current Assets |
6,151,571,799,849 |
5,762,270,276,235 |
5,768,475,151,729 |
|
Marketable
Financial Instruments |
21,696,268,670 |
21,567,697,137 |
28,424,697,677 |
|
Other
Financial Assets |
38,912,401,472 |
35,776,748,022 |
40,589,209,649 |
|
Long-Term
Trade Receivables & Other Receivables |
28,951,737,426 |
23,821,711,824 |
21,893,737,265 |
|
Investment_Related
Companies |
3,485,182,178,261 |
2,951,176,613,232 |
2,981,121,954,588 |
|
Investment_Real
Estates |
48,915,907,604 |
49,412,013,392 |
35,752,345,573 |
|
Tangibles |
2,467,730,334,184 |
2,622,368,652,467 |
2,607,853,971,694 |
|
Intangibles |
56,981,627,891 |
58,103,022,306 |
52,766,040,026 |
|
Other
Non-Current Assets |
3,201,344,341 |
43,817,855 |
73,195,257 |
|
Total Liabilities |
3,271,958,463,008 |
2,802,130,863,896 |
3,295,229,452,200 |
|
Current Liabilities |
1,364,068,951,138 |
1,204,044,617,896 |
1,278,039,980,177 |
|
Trade
Payables & Other Payables |
578,296,655,424 |
521,393,675,139 |
569,273,173,292 |
|
Short-Term
Borrowings |
722,776,161,099 |
616,071,263,341 |
647,277,066,598 |
|
Other
Current Financial Debts |
35,034,840,704 |
27,252,374,092 |
38,537,359,239 |
|
Other
Current Liabilities |
8,837,115,340 |
7,661,392,860 |
6,205,793,243 |
|
Deferred
Income Tax Credit |
19,124,178,571 |
31,665,912,464 |
16,746,587,805 |
|
Non-Current Liabilities |
1,907,889,511,870 |
1,598,086,246,000 |
2,017,189,472,023 |
|
Long-Term
Trade Payables & Other Payables |
188,279,003,456 |
4,418,575,400 |
1,130,575,400 |
|
Long-Term
Borrowings |
1,347,493,524,319 |
1,208,227,251,274 |
1,630,518,402,606 |
|
Other
Non-Current Financial Debts |
109,080,866,526 |
114,772,855,938 |
122,662,946,508 |
|
Provision
for Severance & Retirement |
170,896,144,342 |
172,038,091,009 |
147,056,554,777 |
|
Other
Non-Current Liabilities |
8,291,456 |
10,979,277 |
219,215,910 |
|
Deferred
Income Tax Credit |
92,131,681,771 |
98,618,493,102 |
115,601,776,822 |
|
Capital Stock |
815,316,540,000 |
815,316,540,000 |
707,036,240,000 |
|
Capital
Surplus |
720,512,275,674 |
720,512,275,674 |
491,913,507,164 |
|
Others |
3,572,992,550 |
3,475,535,328 |
4,245,164,142 |
|
Profit
Surplus |
2,403,791,224,825 |
2,371,995,237,232 |
2,336,823,411,639 |
|
Total
Equity |
3,943,193,033,049 |
3,911,299,588,234 |
3,540,018,322,945 |
|
Liab.
& Shareholder’s Equity |
7,215,151,496,057 |
6,713,430,452,130 |
6,835,247,775,145 |
|
Income Statement |
|||
|
Unit : Korean Won |
01/01/2015~06/30/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Sales |
1,644,279,013,108 |
3,579,535,222,186 |
3,591,399,310,912 |
|
Cost of Sold Goods |
1,398,978,620,981 |
3,250,585,984,628 |
3,187,027,175,282 |
|
Gross Profit |
245,300,392,127 |
328,949,237,558 |
404,372,135,630 |
|
Selling & Admin. Expenses |
152,415,721,558 |
298,696,146,999 |
325,244,212,590 |
|
Operating Income |
92,884,670,569 |
30,253,090,559 |
79,127,923,040 |
|
Non-Operating Income |
-23,702,540,681 |
68,340,908,050 |
55,978,642,010 |
|
Other Operating Income |
39,981,691,747 |
220,075,696,129 |
164,352,148,724 |
|
Other Operating Expenses |
-97,179,398,718 |
-158,857,264,690 |
-140,889,052,248 |
|
Finance Income |
62,756,104,335 |
70,512,206,617 |
82,369,629,224 |
|
Finance Expenses |
-29,260,938,045 |
-63,389,730,006 |
-49,854,083,690 |
|
Income Before Taxes |
69,182,129,888 |
98,593,998,609 |
135,106,565,050 |
|
Income Taxes Expenses |
12,870,459,245 |
18,363,241,634 |
19,237,702,062 |
|
Net Income |
56,311,670,643 |
80,230,756,975 |
115,868,862,988 |
|
Cash Flows |
|||
|
Unit : Korean Won |
01/01/2015~06/30/2015 |
As of 12/31/2014 |
As of 12/31/2013 |
|
Operating
Activities Cash Flows |
83,203,233,284 |
178,147,583,627 |
103,860,660,480 |
|
Cash Flows from Operating |
115,133,352,064 |
210,483,036,932 |
130,891,381,155 |
|
Income Taxes |
-31,930,118,780 |
-32,335,453,305 |
-27,030,720,675 |
|
Cash Flows from Investing |
-211,889,413,070 |
-14,910,436,138 |
-203,245,039,895 |
|
Cash Flows from Financing |
178,016,635,050 |
-278,185,808,887 |
121,584,849,488 |
|
Increase/Decrease in Cash |
49,330,455,264 |
-114,948,661,398 |
22,200,470,073 |
|
Cash at the Beginning of Year |
99,456,365,927 |
214,387,484,749 |
192,162,614,676 |
|
Cash at the End of Year |
149,519,785,551 |
99,456,365,927 |
214,387,484,749 |
|
Main Products & Services |
PE(Polyethylene) -LDPE, EVA, LLDPE, Wire & Cable
compounds PVC(Polyvinyl Chloride) -PVC resin, Paste resin, Plasticizer, OA CA(Chlor Alkali) -Caustic soda, Chlorine, EDC, V㎝, ECH,
Hydrochloric acid, HYPO, Ammonium New Business -Barium Titanate, CNT, PV Cell |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
|
Suppliers |
YEOCHUN NCC CO., LTD.(110111-1839096) |
|
Customers |
HANWHA CORP.(110111-0002959) |
|
Competitors |
LG CHEM CO., LTD. 24TH FL., LG TWIN TOWER EAST ANNEX, 20,
YEOUIDO-DONG, YEONGDEUNGPO-GU, SEOUL, KOREA TEL:+82-2-3773-1114 FAX:+82-2-3773-7933 SAMSUNG TOTAL PETROCHEMICALS CO., LTD. 411-1, DOKGOT-RI, DAESAN-EUP, SEOSAN-SI,
CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-660-6114 FAX:+82-41-681-4812 HONAM PETROCHEMICAL CORPORATION 11TH FL., LOTTE GWANAK TOWER, 395-67,
SINDAEBANG 2-DONG, DONGJAK-GU, SEOUL, KOREA TEL:+82-2-829-4114 FAX:+82-2-843-1010 |
|
Affiliates-Domestics |
HANWHA CORP (110111-0002959) HANWHA CHEMICAL CORPORATION
(110111-0360935) HANWHA TIMEWORLD CO., LTD. (160111-0003410) HANWHA SECURITIES CO.,LTD (110111-0003155) HANWHA NON-LIFE INSURANCE CO., LTD.
(110111-0006456) HANWHA LIVING & CREATIVE CORP
(110111-1725930) HANWHA POLYDREAMER CO.,LTD (161511-0001861) HANWHA STATION DEVELOPMENT CO., LTD.
(110111-0544133) HANWHA CHONGNYANGNI STATION DEVELOPMENT
CO., LTD. (110111-3008376) HANWHA INVESTMENT TRUST MANAGEMENT CO.,
LTD. (110111-0571201) HANWHA VC CORP. (110111-1912909) KLI INSURANCE INVESTIGATION CO., LTD.
(110111-3192913) KOREA TELE MARKETING & SERVICES CO.,
LTD (110111-3199349) RADISSON SEOUL PLAZA HOTEL (110111-0154776) HAN COMM. INC. (110111-0362957) ENVIRONMENT FACILITIES MANAGEMENT CORPORATION
(141411-0006564) HANWHA TOUR. (KOREA) HANWHA RESORT CO.,LTD (110111-0249709) KOREA LIFE INSURANCE CO.,LTD
(110111-0003204) DANGJIN TECHNO POLIS CO.,
LTD(165011-0022657) AZDEL INC. (KOREA) HANWHA INDEPENDENT ENERGY
CORPORATION(110111-3780932) GIMHAE TECHNO VALLEY
CO.,LTD.(195511-0120447) HANWHA CHEMICAL OVERSEAS HOLDINGS, CO.,
LTD.(110111-4137207) HANWHA S&C CO., LTD (110111-2204470) GUNPO ECOTECH CORPORATION (110111-2629941) HANWHA 63 CITY CORPORATION (110111-0425622) DAEDEOK TECHNO VALLEY CO., LTD
(160111-0115059) YANGJU ENVIRO CORPORATION (110111-2503244) KUMDAN ECOTECH CORPORATION (110111-3205659) HANWHA EAGLES PROFESSIONAL BASEBALL CLUB
(160111-0007214) (40.00% held by the subject company) HANWHA CITY DEVELOPMENT CO.,LTD
(160111-0182230) (100.00% held by the subject company) H COMPOUND CORPORATION(206211-0035747) (100.00% held by the subject company) HANWHA NANOTECH CORPORATION(211111-0011643) (99.39% held by the subject company) HANWHA CHEMICAL OVERSEAS HOLDINGS, CO., LTD.(110111-4137207) (100.00% held by the subject company) DREAMPHARMA CORP. (110111-1181025) (100.0% held by the subject company) HANWHA GALLERIA CO., LTD.( 110111-0202989) (100.0% held by the subject company) HANWHA L&C CORPORATION(110111-1725930) (100.0% held by the subject company) |
|
Affiliates-Overseas |
KOREA LIFE INVESTMENT (AMERICA) LTD. HANWHA (SHANGHAI) CO., LTD. HANWHA CHEMICAL THAILAND. MAXFORMA INCORPORATED. UNION INDUSTRIAL DEVELOPMENT INC. BOR DEVELOPMENT LLC. MAXFORMA HOLDINGS INCORPORATED MAXFORMA PLASTICS LLC. HANWHA CHEMICAL (BEIJING) CO., LTD. HANWHA CHEMICAL (SHANGHAI) CO., LTD. UNIVERSAL BEARINGS INC. HANWHA AMERICA DEVELOPMENT INC. HANWHA LANCASTER LLC. HANWHA DEVELOPMENT SERVICES LLC. LANCASTER DEVELOPMENT GROUP LLC. HANWHA INTERNATIONAL(S) PTE LTD. MGM RT. ACROPARK GOLF CORP. HANWHA BANK HUNGARY LTD. HANWHA FIRST INVESTMENT CO.,BV HANWHA CHANDLER LLC. CHANDLER LLC. HANWHA SONORAN LLC. SONORAN VISTA LLC. HANWHA SAUDI CONTRACTING CO. LTD. HANWHA CHEMICAL (THAILAND) CO., LTD. (99.99% held by the
subject company) HANWHA INTERNATIONAL CORP. (100.0% held by the subject company) HANWHA SOLAR HOLDINGS CO.,LTD (100.0% held by the subject company) HANWHA
RESOURCES (CANADA) LTD. (12/14/2007 Joined as an Affiliated company) HANWHA L&C CANADA INC. (01/02/2008
Joined as an Affiliated company) HANWHA PARCEL LLC(07/02/2009 Joined as an
Affiliated company) HANWHA INTERNACIONAL DO BRASIL INTERMEDIACOES
DE NEGOCIOS LTDA.(08/19/2009 Joined as an Affiliated company) HANWHA CORSICANA LLC(07/07/2009 Joined as
an Affiliated company) HANWHA PARCEL O LLC(07/03/2009 Joined as an
Affiliated company) |
|
Overseas Office |
HANWHA CHEMICAL TRADING (SHANGHAI) CO., LTD. HANWHA CHEMICAL TRADING (NINGBO) CO., LTD. (100.0% held by the subject company) |
|
Major Shareholders |
|
|
Cooperative Enterprise |
-Insured Company FIRST FIRE & MARINE INSURANCE CO.,LTD(110111-0017586) HANWHA NON-LIFE INSURANCE CO., LTD.(110111-0006456) |
|
Sales/ Unit :Mil
KRW |
06/2012 |
2011 |
2010 |
|
Export |
846,861 |
2,001,959 |
1,810,193 |
|
Domestic |
920,773 |
1,968,406 |
1,817,973 |
|
Total |
1,767,634 |
3,970,365 |
3,628,166 |
The Subject exports
to China, Taiwan, Philippines, Singapore, Middle East and Africa.
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
|
Commission of Arbitration in German |
The Subject Company & Hanwha Q CELLS
GmbH |
Q-Cells SE |
Related to EBITDA |
EUR 11,500,000 |
Proceeding |
|
|
Supreme Court of Korea |
Hanwha Consortium including The Subject Company |
Korea Development Bank |
Related to acquiring stocks on Daewoo
Shipbuilding & Marine Engineering Co., Ltd. |
190,300,000,000 |
Proceeding |
There are 2 cases
filed as Plaintiff(s)/ Creditor(s)/ Applicant(s) amounting 1,209,000,000 KRW, and
4 cases filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting
34,795,000,000 KRW as of 06/30/2015.
-----
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.09 |
|
|
1 |
Rs.101.04 |
|
Euro |
1 |
Rs.70.86 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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.