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MIRA
INFORM REPORT
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Report No. : |
501615 |
|
Report Date : |
02.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
HANWHA CHEMICAL
CORPORATION |
|
|
|
|
Registered Office : |
86, Cheonggyecheon-ro, Jung-gu, Seoul, Korea, 17th Fl., Hanwha Bldg. 04541 |
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Country : |
South Korea |
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|
|
|
Financials (as on) : |
30.09.2017 |
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|
|
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Date of Incorporation : |
27.04.1974 |
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|
|
|
Com. Reg. No.: |
202-81-16577 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Basic Organic Petrochemicals |
|
|
|
|
No. of Employees : |
2,458 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
|
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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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
SOUTH KOREA - ECONOMIC OVERVIEW
After emerging from the 1950-53 war with North Korea, South Korea
emerged as one of the 20th century’s most remarkable economic success stories,
becoming a developed, globally connected, high-technology society within
decades. In the 1960s, GDP per capita was comparable with levels in the poorest
countries in the world. In 2004, South Korea joined the trillion-dollar club of
world economies.
Beginning in the 1960s under President PARK Chung-hee, the government
promoted the import of raw materials and technology, encouraged saving and
investment over consumption, kept wages low, and directed resources to
export-oriented industries that remain important to the economy to this day.
Growth surged under these policies, and frequently reached double-digits in the
1960s and 1970s. Growth gradually moderated in the 1990s as the economy
matured, but remained strong enough to propel South Korea into the ranks of the
advanced economies of the OECD by 1997. These policies also led to the
emergence of family-owned chaebol conglomerates such as Daewoo, Hyundai, and
Samsung, which retained their dominant positions even as the government
loosened its grip on the economy amid the political changes of the 1980s and
1990s.
The Asian financial crisis of 1997-98 hit South Korea’s companies hard
because of their excessive reliance on short-term borrowing, and GDP ultimately
plunged by 7% in 1998. South Korea tackled difficult economic reforms following
the crisis, including restructuring some chaebols, increasing labor market
flexibility, and opening up to more foreign investment and imports. These steps
lead to a relatively rapid economic recovery. South Korea also began expanding
its network of free trade agreements to help bolster exports, and has since
implemented 16 free trade agreements covering 58 countries—including the United
State and China—that collectively cover more than three-quarters of global GDP.
In 2017, the election of President MOON Jae-in brought a surge in consumer
confidence, in part, because of his successful efforts to increase wages and
government spending. These factors combined with an uptick in export growth to
drive real GDP growth to more than 3%, despite disruptions in South Korea’s
trade with China over the deployment of a US missile defense system in South
Korea.
In 2018 and beyond, South Korea will contend with gradually slowing
economic growth - in the 2-3% range - not uncommon for advanced economies. This
could be partially offset by efforts to address challenges arising from its
rapidly aging population, inflexible labor market, continued dominance of the
chaebols, and heavy reliance on exports rather than domestic consumption.
Socioeconomic problems also persist, and include rising inequality, poverty
among the elderly, high youth unemployment, long working hours, low worker
productivity, and corruption.
|
Source
: CIA |
Basic Information
|
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- 729-2731 |
|
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 |
Detailed Products
|
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) |
CEO’s
|
Name |
Kim Chang-Beom |
|
Date of Birth |
09/05/1955 |
|
Title |
President & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
829,665,480,000 |
||||||||||||||||||
|
Employees |
2,458 |
||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 009830) as of 06/19/1974 Listed DR (Depositary Receipt) at Singapore Exchange Securities Trading
Limited as of 04/30/2014 A Company of HANWHA GROUP |
||||||||||||||||||
|
Bank Details |
Woori Bank-Sales 2 Department Korea Development Bank |
||||||||||||||||||
|
Corporate Registered No. |
110111-0360935 |
||||||||||||||||||
|
Business Registered No. |
202-81-16577 |
||||||||||||||||||
|
Permit & Licenses |
Int’l Trade No.: 831437 |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
04/27/1974 Incorporated as Han Yang
Chemical Holding Co., Ltd. established by taking over the shares of Han Yang
Chemical Co. owned by Korea Pacific Chemical 10/01/1994 Changed company name to Hanswha Chemical
Corp.(HCC) 03/27/1998 Increased the authorized shares
to 300,000,000 shares from 180,000,000 shares 06/17/1999 Changed company name to Hanwha
Petrochemical Co., Ltd. 03/19/2010 Changed company name to the
present name 01/29/2013 Acquired HANWHA NANOTECH
CORPORATION(211111-0011643) 12/29/2014 Acquired HANHWA BASIS CO., LTD.(110111-1181025) 02/29/2016 Acquired HANWHA FINE CHEMICAL
CO., LTD.(110111-0234859) 02/29/2016 Increased capital to
829,665,480,000 KRW from 815,316,540,000 KRW 03/02/2016 Acquired HANWHA FINE
CHEMICAL CO., LTD. 02/22/2018 Decreased capital to
821,170,655,000 KRW from 829,665,480,000 KRW as of 05/02/2018 |
Detailed Information
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
President & CEO |
Kim Chang-Beom |
Korean |
09/05/1955 |
03/20/2015 |
|
Sr. Executive Director & CFO |
You Young-In |
Korean |
02/01/1961 |
03/23/2012 |
|
Sr. Executive Director |
Han Sang-Heum |
Korean |
04/06/1959 |
03/25/2016 |
|
Executive Director |
Cho Won |
Korean |
01/31/1963 |
03/24/2017 |
|
Outside Director |
Park Seok-Hee |
Korean |
12/02/1952 |
03/24/2017 |
|
Outside Director / Auditor |
Lee Si-Woo |
Korean |
02/25/1952 |
03/23/2012 |
|
Outside Director / Auditor |
Kim Moon-Soon |
Korean |
03/03/1944 |
03/24/2017 |
|
Outside Director |
Lee Kwang-Min |
Korean |
06/17/1964 |
03/25/2016 |
|
Outside Director / Auditor |
Han Dong-Seok |
Korean |
02/25/1949 |
03/23/2012 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
09/2017 |
2,947,514,851,807 |
7,644,508,994,917 |
486,662,213,160 |
|
2016 |
3,482,790,096,107 |
7,332,576,758,418 |
351,987,699,931 |
|
2015 |
3,269,466,053,635 |
6,976,183,948,500 |
31,339,091,465 |
|
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 |
Financial Description
|
Authorized Capital(KRW) |
1,500,000,000,000 |
|
Paid-Up Capital(KRW) |
829,665,480,000 |
|
Total Issues Shares |
165,933,096(Common : 164,809,359 / Preferable : 1,123,737) |
|
Balance Sheet |
|||
|
Unit : Korean Won |
01/01/2017~09/30/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Total
Assets |
7,644,508,994,917 |
7,332,576,758,418 |
6,976,183,948,500 |
|
Current Assets |
1,290,421,613,241 |
1,178,854,688,165 |
858,151,332,463 |
|
Cash
& Cash Equivalents |
353,582,911,988 |
271,725,720,763 |
64,659,864,467 |
|
Other
Financial Assets |
25,348,941,178 |
37,728,172,822 |
45,064,822,958 |
|
Trade
Receivables & Other Receivables |
582,934,526,578 |
559,813,501,108 |
425,315,569,155 |
|
Other
Current Assets |
22,312,575,055 |
17,231,852,949 |
20,764,526,290 |
|
Inventories |
306,242,658,442 |
292,355,440,523 |
302,346,549,593 |
|
Non-Current Assets |
6,354,087,381,676 |
6,153,722,070,253 |
6,118,032,616,037 |
|
Marketable
Financial Instruments |
128,637,952,314 |
113,386,327,524 |
21,652,857,516 |
|
Other
Financial Assets |
43,827,875,204 |
40,313,179,278 |
37,018,986,372 |
|
Long-Term
Trade Receivables & Other Receivables |
25,541,088,358 |
31,864,600,386 |
21,090,405,424 |
|
Investment_Related
Companies |
3,628,984,997,937 |
3,421,740,752,317 |
3,525,139,103,911 |
|
Investment_Real
Estates |
60,448,932,591 |
61,484,436,234 |
48,394,379,590 |
|
Tangibles |
2,411,599,387,132 |
2,428,590,451,523 |
2,425,910,668,708 |
|
Intangibles |
52,671,879,930 |
53,667,945,012 |
35,812,393,119 |
|
Other
Non-Current Assets |
2,375,268,210 |
2,674,377,979 |
3,013,821,397 |
|
Total Liabilities |
2,977,331,301,059 |
3,098,649,107,217 |
3,066,222,607,492 |
|
Current Liabilities |
1,326,809,329,941 |
1,349,687,362,601 |
1,209,653,893,027 |
|
Trade
Payables & Other Payables |
528,648,786,034 |
668,422,398,427 |
424,449,265,510 |
|
Short-Term
Borrowings |
618,670,541,589 |
507,657,644,517 |
709,071,523,708 |
|
Other
Current Financial Debts |
32,787,995,528 |
62,469,867,308 |
49,495,299,038 |
|
Provisions |
15,731,716,333 |
21,048,653,372 |
5,962,355,800 |
|
Other
Current Liabilities |
7,547,237,751 |
9,747,955,754 |
7,223,039,724 |
|
Deferred
Income Tax Credit |
123,423,052,706 |
80,340,843,223 |
13,452,409,247 |
|
Non-Current Liabilities |
1,650,521,971,118 |
1,748,961,744,616 |
1,856,568,714,465 |
|
Long-Term
Trade Payables & Other Payables |
21,412,261,266 |
45,668,721,755 |
188,057,103,364 |
|
Long-Term
Borrowings |
1,219,874,052,166 |
1,301,800,996,579 |
1,301,472,538,937 |
|
Other
Non-Current Financial Debts |
93,190,836,570 |
94,023,022,826 |
95,846,230,020 |
|
Provision
for Severance & Retirement |
256,674,196,745 |
243,991,445,872 |
189,080,650,579 |
|
Confirmed
Salaries |
9,262,146,351 |
8,926,870,558 |
7,670,629,475 |
|
Other
Non-Current Liabilities |
2,501,483 |
7,683,639 |
17,944,309 |
|
Deferred
Income Tax Credit |
50,105,976,537 |
54,543,003,387 |
74,423,617,781 |
|
Capital Stock |
829,665,480,000 |
829,665,480,000 |
815,316,540,000 |
|
Capital
Surplus |
712,265,704,607 |
712,265,704,607 |
720,512,275,674 |
|
Others |
39,935,531,296 |
35,809,569,099 |
3,540,089,169 |
|
Profit
Surplus |
3,085,310,977,955 |
2,656,186,897,495 |
2,370,592,436,165 |
|
Total
Equity |
4,667,177,693,858 |
4,233,927,651,201 |
3,909,961,341,008 |
|
Liab.
& Shareholder’s Equity |
7,644,508,994,917 |
7,332,576,758,418 |
6,976,183,948,500 |
|
Income Statement |
|||
|
Unit : Korean Won |
01/01/2017~09/30/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Sales |
2,947,514,851,807 |
3,482,790,096,107 |
3,269,466,053,635 |
|
Cost of Sold Goods |
2,244,724,704,073 |
2,775,221,265,941 |
2,780,550,530,930 |
|
Gross Profit |
702,790,147,734 |
707,568,830,166 |
488,915,522,705 |
|
Selling & Admin. Expenses |
225,370,282,861 |
307,259,590,155 |
301,111,682,174 |
|
Operating Income |
477,419,864,873 |
400,309,240,011 |
187,803,840,531 |
|
Non-Operating Profits |
168,149,665,452 |
-960,974,742 |
-143,624,731,469 |
|
Other Income |
70,525,877,216 |
161,426,794,512 |
109,911,736,317 |
|
Other Expenses |
-69,377,692,981 |
-243,474,896,407 |
-256,939,493,932 |
|
Finance Income |
203,581,526,492 |
139,064,161,083 |
65,992,680,074 |
|
Finance Expenses |
-36,580,045,275 |
-57,977,033,930 |
-62,589,653,928 |
|
Income Before Taxes |
645,569,530,325 |
399,348,265,269 |
44,179,109,062 |
|
Income Taxes Expenses |
158,907,317,165 |
47,360,565,338 |
12,840,017,597 |
|
Net Income |
486,662,213,160 |
351,987,699,931 |
31,339,091,465 |
|
Cash Flows |
|||
|
Unit : Korean Won |
01/01/2017~09/30/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Operating
Activities Cash Flows |
405,775,828,925 |
787,567,554,394 |
206,776,440,444 |
|
Cash Flows from Operating |
527,355,223,155 |
789,911,662,689 |
259,419,136,494 |
|
Income Taxes |
-121,579,394,230 |
-2,344,108,295 |
-52,642,696,050 |
|
Cash Flows from Investing |
-278,316,585,448 |
-231,019,405,395 |
-316,553,376,581 |
|
Cash Flows from Financing |
-47,197,052,252 |
-354,653,992,703 |
75,066,052,371 |
|
Increase/Decrease in Cash |
80,262,191,225 |
201,894,156,296 |
-34,710,883,766 |
|
Cash at the Beginning of Year |
271,725,720,763 |
64,659,864,467 |
99,456,365,927 |
|
Cash at the End of Year |
353,582,911,988 |
271,725,720,763 |
64,659,864,467 |
Products, Technologies, Services Description
|
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 |
|
Trade Partners & Competitors
|
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 |
|
|
|
Related Parties (Subsidiaries, Joint-Venture & Affiliates)
|
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) 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) HANWHA Q CELLS KOREA CORP.(110111-4572619) (39.0% held by the
subject company) HANWHA HOTELS & RESORTS CO., LTD.(110111-0249709) (48.7% 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. HANWHA INTERNATIONAL CORP. HANWHA SOLAR HOLDINGS CO.,LTD HANWHA
RESOURCES (CANADA) LTD. HANWHA L&C CANADA INC. HANWHA PARCEL LLC HANWHA INTERNACIONAL DO BRASIL
INTERMEDIACOES DE NEGOCIOS LTDA. HANWHA CORSICANA LLC HANWHA PARCEL O LLC H.K. YONGWANG SILICON INVESTMENT CO., LTD.(HONG KONG) (49.9% held by the subject company) CRYSTAL SOLAR INC(USA) (29.5% held by the subject company) |
|
Overseas Office |
HANWHA CHEMICAL TRADING (SHANGHAI) CO., LTD. HANWHA CHEMICAL TRADING (NINGBO) CO., LTD. (100.0% held by the subject company) |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
YEOCHUN NCC CO., LTD.(110111-1839096) (50.0% held by the subject company) |
|
Subsidiary |
HANWHA GALLERIA CO., LTD.(110111-0202989) (100.0% held by the subject company) HANWHA CITY DEVELOPMENT CO.,LTD
(160111-0182230) (100.0% held by the subject company) HANWHA COMPOUND CO.,LTD.(161511-0001861) (99.90% held by the subject company) HANWHA ADVANCED MATERIALS
CORPORATION(110111-1725930) (100.0% held by the subject company) HANWHA CHEMICAL OVERSEAS HOLDINGS, CO.,
LTD.(110111-4137207) (100.0% held by the subject company) HANWHA FINE CHEMICAL CO., LTD.( 110111-0234859) (48.5% held by the subject company) HANWHA CHEMICAL TRAING (SHANGHAI) CO.,
LTD.(CHINA) (100.0% held by the subject company) HANWHA CHEMICAL INDIA PVT.LTD.(INDIA) (99.90% held by the subject company) HANWHA CHEMICAL MALAYSIA SDN.
BHD.(MALAYSIA) (100.0% held by the subject company) HANWHA CHEMICAL(NINGBO) CO., LTD.(CHINA) (100.0% held by the subject company) HANWHA CHEMICAL(THAILAND) CO.,
LTD.(THAILAND) (99.90% held by the subject company) HANWHA INTERNATIONAL CORP.(USA) (100.0% held by the subject company) HANWHA SOLAR HOLDINGS CO., LTD.(UK) (100.0% held by the subject company) |
|
Corporate Ownership |
HANWHA CORP (110111-0002959) |
|
Major Shareholders |
HANWHA CORP (110111-0002959) |
|
Cooperative Enterprise |
-Insured Company FIRST FIRE & MARINE INSURANCE CO., LTD(110111-0017586) HANWHA NON-LIFE INSURANCE CO., LTD.(110111-0006456) |
Sales by Region (Activity & Markets)
|
Sales/ Unit :Mil KRW |
09/2017 |
2016 |
2015 |
|
Export |
1,567,607 |
1,864,643 |
1,740,649 |
|
Domestic |
1,379,908 |
1,618,147 |
1,528,817 |
|
Total |
2,947,515 |
3,482,790 |
3,269,466 |
The Subject exports
to China, Taiwan, Philippines, Singapore, Middle East and Africa.
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (Million
KRW) |
Status |
|
2017DA6108 |
Supreme Court |
Hyundai Oilbank Co., Ltd.(110111-0090558) |
The Subject Company & Others(3) |
Claim for Compensation |
16,046 |
Filed as of 02/21/2017 |
|
2010GAHAP15344 |
Seoul Central District Court |
Korea Federation Plastic Industry Cooperative & Others(146) |
The Subject Company & Others(11) |
Claim for Compensation |
2,290 |
Arbitration as of 01/22/2016 |
|
2015NA28199 |
Seoul High Court |
Hyundai Oilbank Co., Ltd.(110111-0090558) |
The Subject Company & Others(3) |
Claim for Compensation |
32,282 |
Proceeding |
|
2012DA65973 |
Supreme Court |
The Subject Company |
Korea Development Bank & Others(1) |
Related to Stock Purchasing on Daewoo
Shipbuilding & Marine Engineering Co., Ltd.(110111-2095837) |
322,593 |
Proceeding |
|
2015DA235704 |
Supreme Court |
Choi Dong-Hern |
The Subject Company & Others(11) |
Split off land |
61 |
Rejected as of 03/24/2016 |
|
2015 DA 72040 |
Supreme Court |
Yoon Sung-Woo & Others(1) |
The Subject Company & Others(15) |
Split off land |
164 |
Rejected as of 03/10/2016 |
|
2015 GUHAP 55370 |
Seoul Administrative Court |
The Subject Company & Others(14) |
Minister of Environment |
Cancellation on Imposed Execution |
800 |
Proceeding |
|
2015GADAN178380 |
Seoul Central District Court |
Top T&G Co., Ltd. |
The Subject Company |
Claim for Compensation |
51 |
Arbitration as of 04/13/2016 |
|
2015 GAHAP 571917 |
Seoul Central District Court |
The Subject Company |
SEOSAN TECHNO VALLEY(161411-0017852) |
Reimburse of dealing price |
43,907 |
Arbitration as of 05/10/2016 |
|
2016RA411 |
Seoul Central District Court |
Seoul Central District Prosecutors' Office |
The Subject Company |
Violation of Taxes Law |
- |
2nd round is proceeding |
|
2015 GUHAP 59051 |
Seoul Administrative Court |
The Subject Company |
Commissioner of Namdaemun Tax Services |
Cancellation on Imposed Taxes |
724 |
Proceeding |
|
2016NA10959 |
Seoul High Court |
The Subject Company |
Korea Development Bank(110135-0000937) & Korea Asset Management corporation(114671-0023169) |
Refund of Performance Bond |
322,593 |
Proceeding |
News Clipping
-------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
|
KRW |
1 |
INR 0.062 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.