MIRA INFORM REPORT

 

 

Report No. :

343122

Report Date :

06.10.2015

 

IDENTIFICATION DETAILS

 

Name :

SHINHAN BANK CO., LTD.

 

 

Registered Office :

20, Sejong-Daero 9-Gil, Jung-Gu, Seoul, Daekyung Bldg., Korea 04513

 

 

Country :

South Korea

 

 

Financials (as on) :              

30.06.2015

 

 

Date of Incorporation :

07.07.1982

 

 

Com. Reg. No.:

202-81-02637

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

·         Financial Service.

·         Domestic Commercial Banking (Deposit, Loaning, Foreign Exchange, Investment)

 

 

No. of Employees :

14,450

 

 

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

 

 

Basic Information

 

Company Name

SHINHAN BANK CO., LTD.

Registered Address

20, Sejong-daero 9-gil, Jung-gu, Seoul, Korea

Building

Daekyung Bldg.

Zip Code

04513

Tel

+82-2-756-0505

Fax

+82-2-776-8194

E-mail

hyunmini@shinhan.com

Website

www.shinhan.com

Trading Address

Daekyung Bldg., 20, Sejong-daero 9-gil, Jung-gu, Seoul, Korea

(Old Address System : Daekyung Bldg.,120, Taepyeongno 2-ga, Jung-gu, Seoul, Korea)

Tel

+82-2-756-0505

Fax

+82-2-776-8194

Other Address-Yeongdong Banking Center Branch

Songam Bldg., 709, Eonju-ro, Gangnam-gu, Seoul, Korea

(Old Address System : Songam Bldg., 84, Nonhyeon-dong, Gangnam-gu, Seoul, Korea)

Tel

+82-2-547-5500

Fax

+82-505-177-1213

Other Address

1001, Hongje-dong, Gangneung-si, Gangwon-do, Korea

Tel

+82-33-643-8237

Fax

 

Other Address

12th Fl., Kimyoung Bldg., 1694-10, Seocho 4-dong, Seocho-gu, Seoul, Korea

Tel

+82-2-3482-1221

Fax

 

Other Address

1515-4, Seocho 3-dong, Seocho-gu, Seoul, Korea

Tel

+82-2-521-3990

Fax

 

Other Address

16-4, Uam-dong, Sangdang-gu, Cheongju-si, Chungcheongbuk-do, Korea

Tel

+82-43-215-8367

Fax

 

Other Address

17th Fl., Shinhan investment Corp. Tower, 23-2, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea

Tel

+82-2-6337-3300

Fax

 

Other Address

1st Fl., 209-10, Jamsilbon-dong, Songpa-gu, Seoul, Korea

Tel

+82-2-425-5272

Fax

 

Other Address

1st Fl., Andong Hospital, 574-2, Susang-dong, Andong-si, Gyeongsangbuk-do, Korea

Tel

+82-54-857-0660

Fax

 

Other Address

1st Fl., Daekwng Bldg., 341-12, Gwangjang-dong, Gwangjin-gu, Seoul, Korea

Tel

+82-2-452-9792

Fax

 

Other Address

1st Fl., Gaonix Sports Center Bldg., 575, Sinsa-dong, Gangnam-gu, Seoul, Korea

Tel

+82-2-546-4422

Fax

 

Other Address

1001, Hongje-dong, Gangneung-si, Gangwon-do, Korea

Tel

+82-33-643-8237

Fax

 

Other Address

12th Fl., Kimyoung Bldg., 1694-10, Seocho 4-dong, Seocho-gu, Seoul, Korea

Tel

+82-2-3482-1221

Fax

 

Other Address

1515-4, Seocho 3-dong, Seocho-gu, Seoul, Korea

Tel

+82-2-521-3990

Fax

 

Other Address

16-4, Uam-dong, Sangdang-gu, Cheongju-si, Chungcheongbuk-do, Korea

Tel

+82-43-215-8367

Fax

 

Other Address

17th Fl., Shinhan investment Corp. Tower, 23-2, Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea

Tel

+82-2-6337-3300

Fax

 

Other Address

1st Fl., 209-10, Jamsilbon-dong, Songpa-gu, Seoul, Korea

Tel

+82-2-425-5272

Fax

 

Other Address

1st Fl., Andong Hospital, 574-2, Susang-dong, Andong-si, Gyeongsangbuk-do, Korea

Tel

+82-54-857-0660

Fax

 

Other Address

1st Fl., Daekwng Bldg., 341-12, Gwangjang-dong, Gwangjin-gu, Seoul, Korea

Tel

+82-2-452-9792

Fax

 

Other Address

1st Fl., Gaonix Sports Center Bldg., 575, Sinsa-dong, Gangnam-gu, Seoul, Korea

Tel

+82-2-546-4422

Fax

 

Other Address

1001, Hongje-dong, Gangneung-si, Gangwon-do, Korea

Tel

+82-33-643-8237

Fax

 

Other Address

12th Fl., Kimyoung Bldg., 1694-10, Seocho 4-dong, Seocho-gu, Seoul, Korea

Tel

+82-2-3482-1221

Fax

 

Other Address

1515-4, Seocho 3-dong, Seocho-gu, Seoul, Korea

Tel

+82-2-521-3990

Fax

 

Other Address

16-4, Uam-dong, Sangdang-gu, Cheongju-si, Chungcheongbuk-do, Korea

Tel

+82-43-215-8367

Fax

 

Type

Financial Service

Industry

Domestic Commercial Banking

  Main Business

Deposit, Loaning, Foreign Exchange, Investment

  Sub Business

 

Established (mm/dd/yyyy)

07/07/1982

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Banking institutions(84121500)

Sell

Insurance and retirement services(84130000)

Sell

Privately owned banks(84121501)

Sell

Mortgage banking(84121900)

 

 

CEO’s

 

Name

Cho Yong-Byung

Address

 

Date of Birth

06/1957

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital (KRW)

7,928,077,530,000

Employees

14,450

Formation

Co., Ltd by Shares

A Company of SHINHAN FINANCIAL GROUP

Bank Details

Shinhan Bank

Corporate Registered No.

110111-0012809

Business Registered No.

202-81-02637

Permit & Licenses

N/A

Shareholder Position

Name

Shares

%

SHINHAN FINANCIAL GROUP CO., LTD(110111-2322438)

1,585,615,506

100.00

TOTAL

1,585,615,506

100.00

Company History

07/07/1982 Incorporated as the present name

11/29/1988 Moved to the present HQ address from 10, Da-dong, Jung-gu, Seoul, Korea

06/04/2002 Spin off Shinhan Card Co., Ltd.

04/01/2006 M&A with Chohung Bank

 

 

 

 


Management

 

Job Description

 

Title

Name

Nationality

Date of Birth

Education

President & CEO

Mr.

Cho Yong-Byung

Korean

1957.06

Korea University, Korea

Auditor

Mr.

Lee Seok-Keun

Korean

1958.07

Yonsei University, Korea

Director

Mr.

Kim Hyung-Jin

Korean

1958.08

Youngnam University, Korea

Outside Director

Mr.

Park Se-Jin

Korean

1950.04

Seoul National University, Korea

Outside Director

Mr.

Koo Bon-Il

Korean

1959.11

Yonsei University, Korea

Outside Director

Mr.

Cho Dong-Cheol

Korean

1961.03

Seoul National University, Korea

Outside Director

Mr.

Hukuda Hiroshi

Japanese

1949.06

-

Outside Director

Mr.

Hwang Sun-Tae

Korean

1948.10

Seoul National University, Korea

Vice President

Mr.

Hwang Kook-Je

Korean

1959.08

Michigan University, USA

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

(*)06/2015

839,409,000,000

259,133,405,000,000

679,334,000,000

(*)2014

1,734,077,000,000

242,075,869,000,000

1,433,310,000,000

(*)2013

1,710,061,000,000

225,735,681,000,000

1,341,431,000,000

(*)2012

2,032,259,000,000

226,773,162,000,000

1,654,077,000,000

2011

2,550,197,000,000

221,974,519,000,000

2,004,881,000,000

2010

22,969,678,000,000

205,377,968,000,000

1,648,389,000,000

2009

41,466,693,000,000

202,237,352,000,000

748,664,000,000

2008

49,507,279,000,000

213,569,098,000,000

1,446,727,000,000

2007

17,797,848,000,000

175,105,888,000,000

2,051,302,000,000

2006

13,709,187,000,000

154,196,795,000,000

1,431,147,000,000

2005

7,535,812,000,000

66,609,526,000,000

756,505,000,000

(*)Figures are based on the K-IFRS Accounting System.

 

 

Financial Description

 

Authorized Capital(KRW)

10,000,000,000,000

Paid-Up Capital(KRW)

7,928,077,530,000

Total Issued Shares

1,585,615,506

 

Balance Sheet

Unit : Million Korean Won

01/01/2015~06/30/2015

As of 12/31/2014

As of 12/31/2013

Total Assets

259,133,405

242,075,869

225,735,681

Cash & Deposits

12,458,937

12,527,254

9,206,541

Current Financial Instruments

7,012,033

5,912,990

5,602,158

Derivatives

1,328,888

1,310,109

1,457,641

Loans

188,952,381

179,892,271

167,259,759

Marketable Financial Instruments

21,615,892

21,937,911

23,590,690

Held-to-Maturity Financial Assets

9,607,015

7,747,368

7,051,164

Tangibles

1,939,391

2,003,584

2,165,104

Intangibles

245,644

160,712

205,113

Investment_Related Companies

1,746,289

1,743,611

1,734,519

Investment_Real Estates

777,867

738,407

596,744

Accrued Income Tax

678

9

1,779

Deferred Income Tax Assets

54,119

46,357

9,751

Other Assets

13,390,779

8,051,227

6,844,776

Assets to be Sold

3,492

4,059

9,942

Total Liabilities

238,985,211

221,704,012

205,263,519

Finance Assets from this year's Debts

11,481

6,139

-

Withholdings

183,676,236

176,589,262

163,153,755

Other Current Financial Debts

449,441

428,936

398,596

Derivatives

1,320,289

1,182,730

1,423,137

Short-Term Borrowings

15,431,127

12,894,846

10,441,286

Debentures

18,627,307

16,571,408

17,485,768

Confirmed Salaries

262,411

244,719

66,350

Provisions

285,596

310,736

371,779

Deferred Income Tax Credit

112,829

168,652

139,608

Other Liabilities

18,808,494

13,306,584

11,783,240

Capital Stock

7,928,078

7,928,078

7,928,078

Others

801,298

1,100,250

2,099,350

Capital Surplus

398,080

398,080

398,080

Capital Adjustment

-30,066

-843

25

Installments

230,215

324,458

401,812

Profit Surplus

10,820,589

10,621,834

9,644,817

Total Equity

20,148,194

20,371,857

20,472,162

Liab. & Shareholder’s Equity

259,133,405

242,075,869

225,735,681

 

Income Statement

Unit : Million Korean Won

01/01/2015~06/30/2015

As of 12/31/2014

As of 12/31/2013

Operating Income

839,409

1,734,077

1,710,061

-Interest Income

1,917,318

4,096,668

4,059,865

-Commissions Income

408,304

793,695

736,916

-Gain on Dividends

97,357

98,726

74,685

-Gains on Trading Securities

19,765

21,190

21,715

-Gain on Foreign Currency Transactions

80,064

185,945

276,001

-Others

-35

34

 -

-Gain on Sale of Available-for-sale Securities

341,533

433,569

487,678

-Gain on Valuation and Disposition of Securities

553,376

640,219

848,752

-Admin. Expenses

1,255,801

2,749,491

2,525,626

-Other Operating Income

-215,720

-506,040

-572,421

Non-Operating Income

29,613

66,083

-10,712

Income Before Taxes

869,022

1,800,160

1,699,349

Income Taxes Expenses

189,688

366,850

357,918

Net Income

679,334

1,433,310

1,341,431

 

Cash Flows

Unit : Million Korean Won

01/01/2015~06/30/2015

As of 12/31/2014

As of 12/31/2013

Operating Activities Cash Flows

-2,218,193

-1,517,992

-3,224,591

Net Income

869,022

1,800,160

1,699,349

Adjustment

-2,016,524

-4,231,629

-4,136,395

Exp. without Cash Outflow

348,091

546,254

591,690

Changes in Asset/ & Liability

-3,194,902

-3,574,256

-5,016,009

Income Taxes

-224,065

-347,956

-368,806

Interests Received

3,671,681

8,145,939

8,685,588

Interests Paid

-1,770,702

-3,991,464

-4,756,538

Dividends Received

99,206

134,960

76,530

Cash Flows from Investing

-1,396,979

1,246,605

6,003,577

Cash Flows from Financing

3,029,599

-73,485

-2,221,032

Increase/Decrease in Cash

-585,872

-343,882

565,444

Cash at the Beginning of Year

3,501,472

3,845,354

3,279,910

Cash at the End of Year

2,915,600

3,501,472

3,845,354

 

 

Products, Technologies, Services Description

 

Main Products & Services

PERSONAL & COMMERCIAL BANKING

Retail Banking

Private Banking

Credit Card

Consumer Finance

Trust Corporate Pension

Insurance

 

CORPORATE INVESTMENT BANKING

Corporate Banking

Investment Banking

Real Estate Financing

 

ASSET MANAGEMENT BUSINESS

Asset  Management

Securities Brokerage

 

(*)The Subject operates 794 domestic branches, 104 domestic representative offices and 24 Operating Offices, and 8 overseas branches.

Detailed Products Spec.

 

Technologies Acquired

 

 

 

Trade Partners & Competitors

 

Suppliers

 

Customers

 

Competitors

WOORI BANK CO., LTD.

203, HOEHYEONDONG 1-GA, JUNG-GU, SEOUL, KOREA

TEL:+82-2-2002-3000  FAX:+82-2-2002-5612

 

KOOKMIN BANK CO., LTD.

KOOKMIN BANK HEAD OFFICE, 9-1, NAMDAEMUNNO 2-GA, JUNG-GU, SEOUL, KOREA

TEL:+82-2-2073-7114  FAX:+82-2-2073-5209

 

HANA BANK

101-1, EULJIRO 1-GA, JUNG-GU, SEOUL, KOREA

TEL:+82-2-2002-1111  FAX:+82-2-2002-1431

 

 

Related Parties (Subsidiaries, Joint-Venture & Affiliates)

 

Affiliates

SHINHAN FINANCIAL GROUP CO., LTD(110111-2322438)

SHINHAN CAPITAL CO., LTD.(135011-0034400)

THE BANK OF CHEJU(220111-0000819)

SHINHAN CARD CO., LTD(110111-2540270)

SHINHAN INVESTMENT CORP.(110111-0143448)

SHINHAN LIFE INSURANCE CO., LTD.(110111-0667498)

SHINHAN BNP PARIBAS ITMC CO., LTD.(110111-1304164)

SHINHAN MACQUARIE FINANCIAL ADVISORY(110111-2300476)

SHINHAN CREDIT INFORMATION CO., LTD.(110111-2562802)

SH&C LIFE INSURANCE(110111-2620121)

SHINHAN PRIVATE EQUITY INC.(110111-3128596)

SHC MANAGEMENT CO., LTD.(110111-2540270)

SHINHAN DATA SYSTEM CO., LTD.(1101111-0775960)

SH ASSET MANAGEMENT CO.,LTD(110111-0568422)

SHINHAN SAVINGS BANK CO., LTD.(110111-4996166)

SHINHAN AITAS CO., LTD.(110111-1997406)

Affiliates-Overseas

AMERICA SHINHAN BANK

(100.00% held by the subject company)

 

EUROPE SHINHAN BANK

(100.00% held by the subject company)

 

SHINHAN VINA

(50.00% held by the subject company)

 

SHINHAN FINANCE (CHINA) CO., LTD.

(100.00% held by the subject company)

 

SHINHAN AJU FINANCE(CHINA) CO., LTD.

(100.00% held by the subject company)

 

SHINHAN INVESTMENT CORP. USA INC.

1325 6TH AVENUE, #702, NEW YORK, NY, 10019, USA

TEL:+1-212-397-4000  FAX:+1-212-397-0031

 

SHINHAN INVESTMENT CORP. LONDON

3RD FLOOR, 11 LEADENHALL STREET, LONDON, EC3V 1LP

TEL:+44-20-7283-4900  FAX:+44-20-7283-5678

 

SHINHAN INVESTMENT CORP. HONG KONG

19F HUTCHISON HOUSE, 10 HARCORT ROAD, CENTRAL, HONG KONG

TEL:+852-3713-5377 FAX:+852-3713-5300

 

SHINHAN INVESTMENT CORP. JAPAN

14F, KAMIYACHO MT TOWER,4-3-20 TORANOMON

MINATO-KU, TOKYO 105-0001, JAPAN

TEL:+81-3-5404-3471 FAX:+81-3-5404-3401

 

SHINHAN INVESTMENT CORP. CHINA

ROOM 2113, CHINA MERCHANTS TOWER

161 EAST LUIJAZUI ROAD PUDONG, SHANGHAI 200120, CHINA

TEL:+86-21-6888-9135~6  FAX:+86-21-6888-9139

Overseas Office

SHANGHAI BRANCH

22ND FLOOR, HSBC TOWER, 1000 LUJIAZUI RING ROAD

PUDONG NEW AREA, SHANGHAI, CHINA

TEL:+86-21-6841-2100  FAX:+86-21-6841-2108

 

TIANJIN BRANCH

ROOM 1901/6, TIANJIN INTERNATIONAL BUILDING

75 NANJING ROAD, TIANJIN, 300050 P.R. CHINA

TEL:+86-22-2339-4070  FAX:+86-22-2339-4043

 

WUXI BRANCH

2ND FLOOR NO.5 CHANGJIANG NORTH ROAD

CHANGJIANG CLUB, WUXI, JIANGSU 214028, CHINA

TEL:+86-0510-8181-3068  FAX:+86-0510-8181-3058

 

QINGDAO BRANCH

4TH FL., CITIC WT SECURITIES CO., LTD,BLDG.

NO.28 DONGHAI WEST ROAD, QINGDAO 266071, CHINA

TEL:+86-532-8502-5500  FAX:+86-532-8502-5566

 

LONDON BRANCH

3RD FL. 51-55 GRESHAM STREET, LONDON EC2V 7HB UNITED KINGDOM

TEL:+44-207-600-0606  FAX:+44-207-600-1826

 

SHINHAN BANK EUROPE GMBH

NEUE MAINZER STRASSE 75

60311 FRANKFURT AM MAIN, GERMANY

TEL:+49-69-975-7130  FAX:+49-69-741-0506

 

SHINHAN KAZAKHSTAN BANK

123/7 DOSTYK AVE. MEDEU DISTRICT, ALMATY

REPUBLIC OF KAZAKHSTAN

TEL:+7-727-385-9600  FAX:+7-727-264-0999

Overseas Office

SHINHAN BANK UZBEKISTAN REPRESENTATIVE OFFICE

NEWORLD BLDG. 3RD FL., OYBEK STR. 22 TASHKENT

UZBEKISTAN 100015

TEL:+998-71-150-1184  FAX:+998-71-252-3605

 

NEWYORK BRANCH

17TH FL., 600 3RD AVE, NEW YORK, NY10016, USA

TEL:+1-212-371-8000  FAX:+1-212-371-8875

 

SHINHAN BANK AMERICA

4TH FLOOR., 330 5TH AVENUE. NEW YORK, NY 10001, USA

TEL:+1-646-843-7300  FAX:+1-212-447-7477

 

SHINHAN BANK AMERICA CA REGIONAL OFFICE

3000 WEST OLYMPIC BLVD., LOS ANGELES

CA 90006, USA

TEL:+1-213-251-3000  FAX:+1-213-386-2170

 

SHINHAN BANK CANADA

23RD FL. 5140 YOUNG ST. NORTH YORK

ONTARIO M2N 6L7, CANADA

TEL:+1-416-250-3500  FAX:+1-416-250-3507

 

SHINHANBANK MEXICO REPRESENTATIVE OFFICE

PISO 12 TORRE SUMMA, 213 HAMBURGO COL. JUAREZ, MEXICO D.F

TEL:+52-55-5525-7787

Liaison Office

 

Overseas Branch

SHINHAN BANK JAPAN

9TH FL., SHIROYAMA TRUST TOWER

3-1 TORANOMON 4-CHOME, MINATO-KU, TOKYO, JAPAN

TEL:+81-3-6403-0505  FAX:+81-3-6403-0510

 

TOKYO BRANCH

9TH FL., TRUST TOWER BLDG

3-1 TORANOMON 4-CHOME, MINATO-KU, TOKYO, JAPAN

TEL:+81-3-3578-9321  FAX:+81-3-3578-9355

 

UENO BRANCH

8TH FL, NOMURA BLDG, 1-14-4

HIGASHIUENO, TAITO-KI, TOKYO, JAPAN

TEL:+81-3-5812-0505  FAX:+81-3-5812-0510

 

OSAKA BRANCH

3RD FL., RESONA SEMBA BLDG. 4-21

MINAMI-SEMBA, 4-CHOME, CHUO-KU, OSAKA, JAPAN

TEL:+81-6-6243-2341  FAX:+81-6-6243-2346

 

UEHONMACHI BRANCH

UEROKE F BLDG. 6F, 3-5, UEHONMACHINICH 5-CHOME

CHUO-KU OSAKA, JAPAN

TEL:+81-6-6767-0506  FAX:+81-6-6767-0525

 

FUKUOKA BRANCH

8TH FL., TENJIN MITSUI BLDG. 14-13

TENJIN 2-CHOME, CHUO-KU, FUKUOKA, JAPAN

TEL:+81-92-724-7004  FAX:+81-92-724-7003

 

YOKOHAMA BRANCH

JN BLDG 12F, 3-56-1 AIOI-CHO, NAKA-KU

YOKOHAMA, KANAGAWA, JAPAN

TEL:+81-45-680-5560  FAX:+81-45-680-5561

 

SINGAPORE BRANCH

1 GEORGE STREET #15-03, SINGAPORE 049145

TEL:+65-6536-1144  FAX:+65-6533-1244

 

MUMBAI BRANCH

42, JOLLY MAKER CHAMBERS II, 4TH FL., 225

NARIMAN POINT, MUMBAI 400-021, INDIA

TEL:+91-22-2282-2200  FAX:+91-22-2288-4277

 

NEWDELHI BRANCH

UPPER GROUND FLOOR, MERCANTILE HOUSE

15 KASTURBA GANDHI MARG, NEW DELHI, INDIA

TEL:+91-11-2370-6040  FAX:+91-11-2370-6044

 

HONGKONG BRANCH

ROOM 3401, GLOUCESTER TOWER, THE LANDMARK

15 QUEEN'S ROAD, CENTRAL, HONG KONG

TEL:+852-2877-3121  FAX:+852-2877-2460

Overseas Branch

SHINHAN ASIA LIMITED

SUITES 3507, 35TH FL., TWO EXCHANGE SQUARE

8 CONNAUGHT PLACE, CENTRAL, HONG KONG

TEL:+852-3717-0700  FAX:+852-2810-1928

 

SHINHAN KHMER BANK

NO.277, NORODOM BLVD, SANGKAT TONLE BASSAC KHAN CHAMKARMON, PHNOM PENH, CAMBODIA

TEL:+855-23-727-380  FAX:+855-23-727-383

 

SHINHAN VIETNAM BANK LTD.

11TH FL., CENTEC TOWER, 72-74 NGUYEN THI MINH

KHAI ST., DISTRICT 3, HCMC, VIETNAM

TEL:+84-8-3823-0012  FAX:+84-8-3823-0009

 

SHINHANVINA BANK

100 NGUYEN THI MINH KHAI ST., DIST1, HCMC VIETNAM

TEL:+84-8-829-1581  FAX:+84-8-914-2635

 

HOCHIMINH BRANCH

100 NGUYEN THI MINH KHAI ST., DIST1, HCMC VIETNAM

TEL:+84-8-829-1581  FAX:+84-8-914-2635

 

HANOI BRANCH

2ND FLOOR, DAEHA BUSINESS CENTER

360 KIM MA NGOC KHANH, HANOI, VIETNAM

TEL:+84-4-3831-5205  FAX:+84-4-3831-5134

 

BINHDUONG BRANCH

NO.1, TRUONG SON HIGHWAY, AN BINH COMMUNE DI AN DISTRICT, BINH DUONG PROVINCE, VIETNAM

TEL:+84-8-3724-2791  FAX:+84-8-3724-2795

 

DONGNAI BRANCH

9,10,11 LOT 4 ROAD 51 QUATER 1 LONG BINH TAN WARD

BIEN HOA CITY, DONG NAI PROVINCE, VIETNAM

TEL:+84-61-883-0511  FAX:+84-61-883-0523

 

SHINHAN BANK (CHINA) LTD.

12TH FL. ZHONGYU PLAZA NO.6, WORKERS’ STADIUM ROAD

N.,CHAOYANG DISTRICT, BEIJING 100027, CHINA

TEL:+86-10-8529-0088  FAX:+86-10-8529-0188

 

BEIJING BRANCH

1ST FL. ZHONGYU PLAZA NO.6, WORKERS’ STADIUM ROAD N.,CHAOYANG DISTRICT, BEIJING 100027, CHINA

TEL:+86-10-8523-5555  FAX:+86-10-8523-5696

Joint Venture

 

Subsidiary

 

Corporate Ownership

 

Major Shareholders

 

Cooperative Enterprise

-Insured Company

SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078)

 

 

Sales by Region (Activity & Markets)

 

The Subject deals with the companies in Japan, China, USA, UK and Vietnam.

 

 

Court Action

 

There are 132 cases filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting 288,394,000,000 KRW as of 06/30/2015.

 

 

News Clipping

 

--------

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.65.29

UK Pound

1

Rs.99.31

Euro

1

Rs.73.39

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.