|
|
|
MIRA
INFORM REPORT
|
Report No. : |
495324 |
|
Report Date : |
03.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
HYOSUNG CORPORATION |
|
|
|
|
Formerly Known As : |
·
HYOSUNG T&C
CO., LTD. ·
TONGYANG NYLON CO.,
LTD |
|
|
|
|
Registered Office : |
119, Mapo-daero, Mapo-gu, Seoul, Korea, Hyoseong Bldg., 04144 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
30.09.2017 |
|
|
|
|
Date of Incorporation : |
03.11.1966 |
|
|
|
|
Com. Reg. No.: |
105-81-59519 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
· Wholesale of Non-Specialized Goods, Synthetic Fiber, Terephthalic Acid, Financial Automation Systems, Building Construction Services · Man-Made Fibers Spinning |
|
|
|
|
No. of Employees : |
7,852 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
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 2016, the economy experienced slow growth – 2%-3% per year - due to sluggish domestic consumption, a drop in foreign demand for South Korean exports, increased competition from regional rivals such as China and Japan, and declining investment. The administration in 2016 faced the challenge of balancing heavy reliance on exports with domestic restructuring efforts in the country’s shipbuilding and shipping industries.
The South Korean economy's short-term challenges include a potential loss of consumer confidence due to issues with its mobile phone industry, as well as uncertainty stemming from a tumultuous domestic political situation. In the long-term, South Korea must deal with a rapidly aging population, inflexible labor market, dominance of large conglomerates (chaebols), and the heavy reliance on exports, which comprise more than 40% of GDP. South Korea’s low overall unemployment rate masks problems with high youth unemployment, low worker productivity, high labor underutilization, and low female participation in the workforce. The government has tried to implement structural reforms, but continues to face significant headwind from vested interests. Finally, the country could eventually face an unprecedented financial burden in the event the unification of the Korean Peninsula were to occur.
|
Source : CIA |
Basic Information
|
Company Name |
HYOSUNG CORPORATION |
|
Registered Address |
119, Mapo-daero, Mapo-gu, Seoul, Korea |
|
Building |
Hyoseong Bldg. |
|
Zip Code |
04144 |
|
Tel |
+82-2-707-7000 |
|
Fax |
+82-2-707-0130 |
|
E-mail |
elegys@hyosung.com |
|
Website |
www.hyosung.co.kr |
|
Trading Address |
119, Mapo-daero, Mapo-gu, Seoul, Korea (Old Address System : Hyoseong Bldg., 450, Gongdeok
2-dong, Mapo-gu, Seoul, Korea) |
|
Tel |
+82-2-707-7000 |
|
Fax |
+82-2-707-6498 |
|
Other Address |
Banpo Bldg., 235,
Banpo-daero, Seocho-gu, Seoul, Korea (Old Address System :
Banpo Bldg., 63-7, Banpo-dong, Seocho-gu, Seoul, Korea) |
|
Tel |
+82-2-707-7000 |
|
Fax |
+82-2-707-7799 |
|
Other Address-Seoul Office |
Bangbae Bldg., 9, Myeongdal-ro, Seocho-gu, Seoul, Korea (Old Address System : Bangbae
Bldg., 1006-2, Bangbae 3-dong, Seocho-gu, Seoul, Korea) |
|
Tel |
+82-2-707-4418
+82-2-707-4499 |
|
Fax |
+82-2-707-4401 |
|
Other Address-R&D Center |
Suseo Bldg., 281, Gwangpyeong-ro, Gangnam-gu, Seoul,
Korea (Old Address System : Suseo Bldg.,
715, Suseo-dong, Gangnam-gu, Seoul, Korea) |
|
Tel |
+82-2-6181-2607
+82-2-6181-2114 |
|
Fax |
+82-2-6181-2222 |
|
Other Address |
524, Dosan-daero, Gangnam-gu, Seoul, Korea (Old Address System : 52,
Cheongdam-dong, Gangnam-gu, Seoul, Korea) |
|
Tel |
+82-2-510-0300 |
|
Fax |
+82-2-547-9998 |
|
Other Address-Changwon Factory (1)-Power &
Industrial Systems Performance Group |
454-2, Nae-dong, Changwon-si, Gyeongnam-do 641-050
Korea |
|
Tel |
+82-55-268-9022 |
|
Fax |
|
|
Other Address-Changwon Factory (2) |
456-6, Nae-dong, Changwon-si, Gyeongnam-do 641-050
Korea |
|
Tel |
+82-55-268-9022 |
|
Fax |
|
|
Other Address-Changwon Factory (3) |
456-6, Nae-dong, Changwon-si, Gyeongnam-do 641-050
Korea |
|
Tel |
+82-55-268-9022 |
|
Fax |
|
|
Other Address-Changwon Factory (4) |
49, Wungnam-dong, Changwon-si, Gyeongnam-do 641-290 Korea |
|
Tel |
+82-55-268-9022 |
|
Fax |
|
|
Other Address-Jochiwon Factory)-Power & Industrial
Systems Performance Group |
518, Yeongi-ri, Nam-myeon, Yeongi-gun, Chungnam-do
339-820 Korea |
|
Tel |
+82-41-860-3128 |
|
Fax |
|
|
Other Address-Cheongwon Factory |
413-1, Geumho-ri, Buyong-myeon, Cheongwon-gun,
Chungcheongbuk-do, Korea |
|
Tel |
+82-43-277-6070 |
|
Fax |
|
|
Other Address-Ulsan Factory |
588, Maeam-dong, Nam-gu, Ulsan 680-060 Korea |
|
Tel |
+82-52-279-2014 |
|
Fax |
|
|
Other Address-Gumi Factory (1) |
169, Simi-dong, Gumi-si, Gyeongbuk-do 730-340 Korea |
|
Tel |
+82-54-470-9114 |
|
Fax |
+82-54-472-5775 |
|
Other Address-Gumi Factory (2) |
630, Gupo-dong, Gumi-si, Gyeongbuk-do 730-400 Korea |
|
Tel |
+82-54-459-2117 |
|
Fax |
+82-54-475-3471 |
|
Other Address-Anyang Factory |
183-2, Hogye-dong, Dongan-gu, Anyang-si, Gyeonggi-do 431-080
Korea |
|
Tel |
+82-31-428-1000 |
|
Fax |
|
|
Other Address-Eonyang Factory |
59, Bansong-ri, Eonyang-eup, Ulju-gun, Ulsan 689-801
Korea |
|
Tel |
+82-52-255-5114 |
|
Fax |
|
|
Other Address-Daejeon Factory (1) |
49-1, Munpyeong-dong, Daedeok-gu, Daejeon 306-220 Korea |
|
Tel |
+82-42-932-6187 |
|
Fax |
+82-42-932-8270 |
|
Other Address-Daejeon Factory (2) |
1685-1, Sinil-dong, Daedeok-gu, Daejeon 306-230 Korea |
|
Tel |
+82-42-605-8500 |
|
Fax |
|
|
Other Address-Yongyeon Factory (1) |
186, Seongam-dong, Nam-gu, Ulsan 680-140 Korea |
|
Tel |
+82-52-279-2014 |
|
Fax |
|
|
Other Address-Yongyeon Factory (2) |
204-1, Seongam-dong, Nam-gu, Ulsan 680-140 Korea |
|
Tel |
+82-52-279-5500 |
|
Fax |
|
|
Type |
Export/Import |
|
Industry |
Wholesale of Non-Specialized Goods |
|
Main Business |
Synthetic Fiber, Terephthalic Acid, Financial
Automation Systems, Building Construction Services |
|
Sub Business |
Man-Made Fibers Spinning |
|
Established (mm/dd/yyyy) |
11/03/1966 |
Detailed Products
|
Activity |
Detailed
Products (UNSPSC) |
|
Sell |
Castings(31100000) |
|
Sell |
Control unit(43201542) |
|
Sell |
Fixed network equipment and components(43221700) |
|
Sell |
Fabrics |
|
Sell |
Bar(30101600) |
|
Sell |
Carpets |
|
Sell |
Structural materials and basic shapes(30100000) |
|
Sell |
Automatic teller machines ATMs(48111401) |
|
Sell |
Switches and controls and relays and
accessories(39121500) |
|
Sell |
Chemical tanks(24111805) |
|
Sell |
Synthetic fabrics(11161800) |
|
Sell |
Motors(26101600) |
|
Sell |
Stainless steel plate(30102205) |
|
Sell |
Fabrics and leather materials(11160000) |
|
Sell |
Motor control centers(39121104) |
|
Sell |
Iron removal equipment(47101510) |
|
Sell |
Synthetic fabrics(11161800) |
|
Sell |
Plastic bottles(24122002) |
|
Sell |
Motor control centers(39121104) |
|
Sell |
Stainless steel plate(30102205) |
|
Sell |
Air circuit breakers(39121615) |
|
Sell |
Circuit breakers(39121601) |
|
Sell |
Power conditioning equipment(39121000) |
|
Sell |
Power generators(26111600) |
|
Sell |
Rugs and mats(52101500) |
|
Sell |
Gas liquid contacting systems(23201000) |
|
Sell |
Incinerators(47101529) |
|
Sell |
Electrical and electronic engineering(81101700) |
|
Sell |
Panelboards(39121103) |
|
Sell |
Tire cord(25172507) |
|
Sell |
Motorcycles(25101801) |
|
Sell |
Transportation related equipment and
instruments(41112800) |
|
Sell |
Kinetic power transmission(26111500) |
|
Sell |
Induction motors(26101601) |
|
Sell |
Welders(23171508) |
|
Sell |
Power conditioning equipment(39121000) |
|
Sell |
Yarns(11151700) |
|
Sell |
Polyester thread(11151603) |
|
Sell |
Wind generators(26111603) |
|
Sell |
Lifting equipment and accessories(24101600) |
|
Sell |
Heat exchangers(40101802) |
|
Sell |
Motors(26101600) |
|
Sell |
Plate(30102200) |
|
Sell |
Channels(30101800) |
|
Sell |
Iron bars(30101603) |
|
Sell |
Road cargo transport(78101800) |
|
Sell |
Panelboards(39121103) |
|
Sell |
Nylon thread(11151608) |
|
Sell |
Machine tools(23171600) |
|
Sell |
Stainless steel rods(30102405) |
|
Sell |
Pipe(40142100) |
|
Sell |
Coil(30101900) |
|
Sell |
Rod(30102400) |
|
Sell |
Surge suppressers(39121610) |
|
Sell |
Specialty fabrics or cloth(11162100) |
|
Sell |
Coil(30101900) |
|
Sell |
Vehicle batteries(26111703) |
|
Sell |
Agricultural and forestry and landscape machinery and
equipment(21100000) |
|
Sell |
Electrical wire(26121500) |
|
Sell |
Golf carts(25101904) |
|
Sell |
Water treatment and supply equipment(47101500) |
|
Buy |
Caprolactam |
|
Buy |
Wire Rod |
|
Buy |
Core |
|
Buy |
Copper Rod |
CEO’s
|
Name |
Lee Sang-Woon |
|
Date of Birth |
03/18/1952 |
|
Title |
Vice Chairman & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
175,587,275,000 |
|||||||||||||||||||||||||||
|
Employees |
7,852 |
|||||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange: 004800) as of
06/30/1973 A Company of Hyosung Business Group |
|||||||||||||||||||||||||||
|
Bank Details |
Woori Bank-Headquarters KEB Hana Bank Korea Development Bank |
|||||||||||||||||||||||||||
|
Corporate Registered No. |
110111-0030497 |
|||||||||||||||||||||||||||
|
Business Registered No. |
105-81-59519 |
|||||||||||||||||||||||||||
|
Permit & Licenses |
2003 Ulsan Factory obtained the ISO/TS 16949:2002
certification for tire reinforcing material 11/1995 KT 06/2000 ISO 14001 07/2001 ISO 9001 08/2005 ISO 9001 11/2005 ISO 14001 Int’l Trade No.: 710053 |
|||||||||||||||||||||||||||
|
Shareholder Position |
|
|||||||||||||||||||||||||||
|
Company History |
04/10/1957 Incorporated as Tongyang Nylon Co., Ltd. 10/25/1996 Changed company name to Hyosung T&C Co.,
Ltd. 09/15/1998 Changed company name to the present name 11/27/1998 Acquired Hyosung
Corporation(110111-0027155), Hyosung Life Industyry Co., Ltd.(110111-0146608)
and Hyosung Heavy Industries Co., Ltd.(110111-0036825) 03/17/2000 Increased the authorized shares to
200,000,000 shares from 100,000,000 shares 02/10/2001 Acquired Hyosung Media Co., Ltd. 05/04/2007 Increased capital to 175,587,275,000 KRW
from 175,409,820,000 KRW 06/04/2007 Acquired Hyosung Innotech Co., Ltd. |
Detailed Information
Management
|
Job
Description |
Name |
Nationality |
Date of
Birth |
Inauguration
Date |
|
Chairman & CEO |
Cho Hyun-Joon |
Korean |
01/16/1968 |
07/20/2017 |
|
President & CEO |
Kim Kyu-Young |
Korean |
05/02/1948 |
04/04/2017 |
|
President |
Cho Hyun-Sang |
Korean |
11/26/1971 |
03/21/2014 |
|
Outside Director |
Choi Joong-Kyung |
Korean |
09/30/1956 |
03/21/2014 |
|
Outside Director |
Jung Sang-Myung |
Korean |
04/06/1950 |
09/22/2017 |
|
Outside Director |
Sohn Byung-Doo |
Korean |
08/03/1941 |
03/22/2013 |
|
Outside Director / Auditor |
Kim Myung-Ja |
Korean |
07/13/1944 |
09/22/2017 |
|
Outside Director / Auditor |
Sohn Young-Rae |
Korean |
02/02/1946 |
09/22/2017 |
|
Outside Director / Auditor |
Kwon Oh-Kon |
Korean |
09/02/1953 |
09/22/2017 |
|
Outside Director |
Park Tae-Ho |
Korean |
07/30/1952 |
03/23/2015 |
Financials
|
Year /
Unit : KRW |
Sales |
Assets |
Net Income |
|
6,128,012,367,366 |
7,914,742,877,428 |
486,571,915,973 |
|
|
2016 |
7,974,341,127,666 |
7,680,269,340,291 |
538,371,675,764 |
|
2015 |
8,033,110,020,343 |
7,746,432,778,664 |
317,726,269,921 |
|
2014 |
8,532,152,674,219 |
7,755,585,601,762 |
184,871,796,830 |
|
2013 |
9,067,386,153,222 |
7,848,965,887,140 |
-323,942,726,775 |
|
2012 |
9,284,877,549,567 |
8,224,554,435,379 |
216,377,949,829 |
|
2011 |
9,283,304,919,311 |
8,507,119,894,207 |
108,045,215,109 |
|
2010 |
8,198,966,171,271 |
7,661,868,731,826 |
210,542,373,841 |
|
2009 |
7,039,730,700,663 |
6,243,943,727,184 |
338,919,858,031 |
|
2008 |
6,925,725,467,698 |
6,090,096,388,480 |
136,373,550,376 |
|
2007 |
5,425,099,992,356 |
4,269,395,078,803 |
166,710,499,142 |
|
2006 |
4,784,272,392,243 |
3,786,203,227,319 |
83,549,813,497 |
|
2005 |
4,858,777,442,994 |
3,952,694,209,029 |
-60,268,862,969 |
|
2004 |
4,783,967,932,476 |
4,326,243,679,816 |
63,663,676,773 |
|
2003 |
4,218,696,022,345 |
4,394,084,228,173 |
50,264,081,618 |
Financial Description
|
Authorized Capital(KRW) |
1,000,000,000,000 |
|
Paid-Up Capital(KRW) |
175,587,275,000 |
|
Total Issues Shares |
35,117,455 |
|
Balance
Sheet |
|||
|
Unit :
Korean Won |
01/01/2017~09/30/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Total Assets |
7,914,742,877,428 |
7,680,269,340,291 |
7,746,432,778,664 |
|
Current Assets |
1,873,817,862,012 |
1,651,166,426,413 |
1,694,525,274,944 |
|
Cash & Cash
Equivalents |
42,501,350,021 |
40,667,355,041 |
22,005,601,398 |
|
Trade
Receivables & Other Receivables |
841,547,819,515 |
807,131,616,574 |
896,134,692,876 |
|
Other
Receivables |
120,283,879,061 |
113,857,049,897 |
75,509,218,273 |
|
Other Financial
Assets |
37,800,423,859 |
6,963,758,742 |
110,801,260 |
|
Other Current
Assets |
116,235,255,747 |
93,889,201,542 |
100,837,196,669 |
|
Inventories |
715,449,133,809 |
588,657,444,617 |
599,927,764,468 |
|
Non-Current
Assets |
6,040,925,015,416 |
6,029,102,913,878 |
6,051,907,503,720 |
|
Long-Term Trade
Receivables & Other Receivables |
255,779,743,945 |
285,455,579,800 |
253,993,582,321 |
|
Tangibles |
3,480,234,266,440 |
3,330,048,080,274 |
3,368,748,919,043 |
|
Investment_Real
Estates |
427,903,333,961 |
468,772,487,951 |
460,064,843,231 |
|
Intangibles |
25,783,271,688 |
84,091,905,810 |
93,789,888,781 |
|
Investment_Related
Companies |
1,585,552,082,659 |
1,584,668,982,759 |
1,585,530,838,908 |
|
Non-Current
Financial Instruments |
237,106,770,433 |
246,585,237,850 |
266,044,831,436 |
|
Other
Non-Current Assets |
28,565,546,290 |
29,480,639,434 |
23,734,600,000 |
|
Total
Liabilities |
4,289,002,038,818 |
4,263,052,920,155 |
4,755,985,306,686 |
|
Current
Liabilities |
3,124,602,111,585 |
2,884,256,635,091 |
2,987,019,728,076 |
|
Trade Payables |
1,209,207,834,524 |
1,170,857,745,610 |
1,004,442,917,672 |
|
Other Payables |
88,409,170,846 |
91,980,550,388 |
102,310,453,678 |
|
Short-Term
Borrowings |
1,449,554,865,439 |
1,248,896,207,757 |
1,682,269,818,802 |
|
Other Current
Financial Debts |
14,308,987,040 |
29,534,391,594 |
24,815,369,253 |
|
Deferred Income
Tax Credit |
59,649,559,440 |
124,486,095,799 |
25,484,301,297 |
|
Other Current
Liabilities |
303,471,694,296 |
218,501,643,943 |
147,696,867,374 |
|
Non-Current
Liabilities |
1,164,399,927,233 |
1,378,796,285,064 |
1,768,965,578,610 |
|
Long-Term Trade
Payables & Other Payables |
201,395,823,326 |
57,992,428,370 |
61,996,662,472 |
|
Long-Term
Borrowings |
675,953,028,744 |
1,069,208,489,648 |
1,393,521,703,233 |
|
Other
Non-Current Finance Liabilities |
608,316,661 |
6,466,646,249 |
11,199,284,814 |
|
Provision for
Severance & Retirement |
70,531,257,733 |
31,663,976,159 |
20,390,484,000 |
|
Deferred Income
Tax Credit |
135,868,956,692 |
158,155,864,057 |
232,521,077,926 |
|
Other
Non-Current Liabilities |
80,042,544,077 |
55,308,880,581 |
49,336,366,165 |
|
Capital Stock |
175,587,275,000 |
175,587,275,000 |
175,587,275,000 |
|
Capital Surplus |
130,826,224,469 |
130,826,224,469 |
130,826,224,469 |
|
Profit Surplus |
3,092,390,654,015 |
2,774,999,303,211 |
2,378,107,716,485 |
|
Others |
226,936,685,126 |
335,803,617,456 |
305,926,256,024 |
|
Total Equity |
3,625,740,838,610 |
3,417,216,420,136 |
2,990,447,471,978 |
|
Liab. &
Shareholder’s Equity |
7,914,742,877,428 |
7,680,269,340,291 |
7,746,432,778,664 |
|
Income
Statement |
|||
|
Unit :
Korean Won |
01/01/2017~09/30/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Sales |
6,128,012,367,366 |
7,974,341,127,666 |
8,033,110,020,343 |
|
Cost of Sold
Goods |
5,269,871,372,367 |
6,614,454,577,433 |
6,850,173,263,569 |
|
Gross Profit |
858,140,994,999 |
1,359,886,550,233 |
1,182,936,756,774 |
|
Selling &
Admin. Expenses |
443,647,307,304 |
635,359,302,644 |
608,889,512,406 |
|
R&D |
70,138,802,020 |
91,334,592,150 |
100,697,379,403 |
|
Operating
Income |
344,354,885,675 |
633,192,655,439 |
473,349,864,965 |
|
Other Income |
223,124,640,350 |
247,522,682,485 |
198,418,783,927 |
|
Other Expenses |
70,768,180,300 |
106,101,186,692 |
90,986,059,327 |
|
Finance Income |
203,186,421,057 |
292,162,052,691 |
274,137,956,977 |
|
Finance
Expenses |
224,565,699,098 |
412,324,042,259 |
452,248,574,988 |
|
Related Companies Income |
|
29,212,308,376 |
26,398,601,563 |
|
Income Before
Taxes |
475,332,067,684 |
625,239,853,288 |
376,273,369,991 |
|
Income Taxes
Expenses |
-11,239,848,289 |
86,868,177,524 |
58,547,100,070 |
|
Net Income |
486,571,915,973 |
538,371,675,764 |
317,726,269,921 |
|
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 |
485,327,950,362 |
1,194,552,616,904 |
718,406,310,223 |
|
Cash Flows from
Operating |
407,902,615,934 |
1,154,431,352,704 |
769,227,590,765 |
|
Net Income |
-61,621,420,224 |
-63,884,946,019 |
-88,354,773,816 |
|
Interests Paid |
-53,057,136,778 |
-86,680,958,831 |
-97,767,393,543 |
|
Interests
Received |
421,200,495 |
876,998,823 |
2,535,762,273 |
|
Dividends
Received |
191,682,690,935 |
189,810,170,227 |
132,765,124,544 |
|
Cash Flows from
Investing |
-145,609,891,682 |
-299,024,605,164 |
-450,285,396,807 |
|
Cash Flows from
Financing |
-337,884,063,700 |
-876,866,258,097 |
-311,947,359,617 |
|
Increase/Decrease
in Cash |
1,833,994,980 |
18,661,753,643 |
-43,826,446,201 |
|
Cash at the
Beginning of Year |
40,667,355,041 |
22,005,601,398 |
65,832,047,599 |
|
Cash at the End
of Year |
42,501,350,021 |
40,667,355,041 |
22,005,601,398 |
Products, Technologies, Services Description
|
Main Products & Services |
POWER & INDUSTRIAL SYSTEMS PG -Power Systems PU -Industrial machinery PU -Hyosung Goodsprings PU -Wind Energy Business Division INDUSTRIAL MATERIALS DIVISION -Tire & Industrial Reinformcements PU -Technical yarn PU -Global Safety Textiles -Interior PU -Aramid Business Divisions -Carbon Business Division CHEMICALS DIVISION -PP/DH PU -Packaging PU -Film PU -TPA PU -Neochem PU -Optical Film PU TEXTILE DIVISION -Spandex PU -Nylon-Polyester Fiber PU -Fabric-Dyeing PU CONSTRUCTION DIVISION -Construction PU -Hyosung EBARA Engineering PU -Chinhung International INT’L TRADING DIVISION INFORMATION & COMMUNICATION Synthetic Fiber, Terephthalic Acid, Financial
Automation Systems, Building Construction Services Brand Name: TOPILENE, CREORA,M2, Baik-Nyeon Ga-Yak |
Trade Partners & Competitors
|
Suppliers |
CAPRO CORPORATION 11 FI., BAEKSANG BLDG., 197-28, GWANHUN-DONG,
JONGNO-KU, SEOUL 110-718 KOREA TEL:+82-2-399-1200
FAX:+82-2-732-4214 INDUSTRY: MANUFACTURE OF OTHER BASIC ORGANIC CHEMICALS
N.E.C. POSCO 1, GOE-DONG, NAM-KU, POHANG-SI, GYEONGBUK-DO 790-704
KOREA TEL:+82-54-220-0114
FAX:+82-54-220-6000 INDUSTRY: MANUFACTURE OF BASIC IRON AND STEEL TAIHAN ELECTRIC WIRE CO., LTD. 113-119, SIHEUNG-DONG, GEUMCHEON-KU, SEOUL 153-030
KOREA TEL:+82-2-890-9116
FAX:+82-2-892-9387 INDUSTRY: MANUFACTURE OF INSULATED WIRE AND CABLE, EXCEPT
INSULATED CODE SETS DAE DONG STEEL CO.,LTD 777-6, UGEUM-RI, GASAN-MYEON, POCHEON-SI, GYEONGGI-DO
487-813 KOREA TEL:+82-31-544-8384
FAX:+82-31-544-8358 INDUSTRY: MANUFACTURE OF METAL DOORS AND RELATED
ARTICLES |
|
Customers |
ZION FOOD CO., LTD. 770, JUKSEONG-RI, GIJANG-EUP, GIJANG-GUN, BUSAN 619-906
KOREA TEL:+82-51-721-2150
FAX:+82-51-722-4362 INDUSTRY: MANUFACTURE OF DRY BAKERY PRODUCTS KOREA ELECTRIC POWER CORPORATION 167, SAMSEONG 1-DONG, GANGNAM-KU, SEOUL 135-882 KOREA TEL:+82-2-3456-3114
FAX:+82-2-3456-4049 INDUSTRY: ELECTRIC POWER GENERATION KOLON TAEKWANG INDUSTRIES KOREA SYNTHETICS DSI HUVIS SAMYANG CORPORATION LOTTE ALMINUM DOOSAN HYUNDAI HEAVY INDUSTRIES MICHELIN BRIDGESTONE HANKOOK TIRE CO., LTD.(110111-0034233) POWER GRID CORPORATION OF INDIA LIMITED HICO AMERICA SALES & TECH INC HYOSUNG JAPAN CO.,LTD HYOSUNG USA INC. JIANGSU JINXUE GROUP CO., LTD. |
|
Competitors |
ABB, SIEMENS, AREVA |
Related Parties (Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
HYOSUNG ITX CO., LTD.(110111-1412256) CHINHUNG INTERNATIONAL INC.(110111-0006349) HYOSUNG INFORMATION SYSTEMS CO., LTD.(110111-0405806) VARO VISION CO., LTD.(110111-1081928) NAUTILUS HYOSUNG INC.(110111-0511546) HYOSUNG CAPITAL CO., LTD.(110111-1419286 ) HYOSUNG-EBARA CO., LTD.(110111-0653653) HYOSUNG INVESTMENT & DEVELOPMENT
CORPORATION(110111-0216451) HYOSUNG CONSTRUCTION CO., LTD.(110111-0225204) HYOSUNG EBARA ENGINEERING CO., LTD.(110111-1375818) HYOSUNG TRANS WORLD CO., LTD.(110111-1396848) DOOMI CONSTRUCTION CO., LTD.(134411-0010833) HONGJIN DATA SERVECE CO., LTD.(110111-2108086) AEGIS HYOSUNG CO., LTD.(110111-2109034) THE CLASS HYOSUNG CO., LTD.(110111-2875479) GUMOK NONGSAN CO., LTD.(141111-0028198) HYOSUNG WIND POWER HOLDINDS CO., LTD.(141111-0028461) INFO BADA CO., LTD.(110111-1849847) EPIPLUS CO., LTD.(110111-1973662) GALAXIA ELECTRONICS CO., LTD.(110111-3537672) GANGNUNG WIND POWER CO., LTD.(141111-0029360) KIS-BANK INC(110111-1920506) HYOSUNG FMS INC.(110111-3694349 ) STAR LEASE CO., LTD.(110111-0383383) HANIL RENTAL CO., LTD.(110111-0847826) TAEUK CONSTRUCTION CO., LTD.(180111-0388777) GALAXIA COMMUNICATIONS CO., LTD.(110111-2558174) TAEAN SOLAPHARM CO., LTD.(165111-0007293) LUXMAX NETWORK CO., LTD.(131111-0172583) LUXMAX CO., LTD.(134211-0077473) JASON GOLF CO., LTD.(110111-3548653) INFO HUB CO., LTD.(110111-1819171) NAMU ACTORS CO., LTD.(110111-2936792) FLOWER ENTERTAINMENT CO., LTD.(110111-3390864) TERA DISPLAY CO., LTD.(131111-0154325) |
|
Affiliates-Overseas |
BAODING HYOSUNG TIANWEI TRANSFORMER CO., LTD BEIJING HYOSUNG CONTAINER CO., LTD HYOSUNG (H.K) LIMITED HYOSUNG CHEMICAL FIBER (JIAXING) CO., LTD HYOSUNG EUROPE SRL HYOSUNG HOLDINGS USA, INC. HYOSUNG INTERNATIONAL TRADE (JIAXING) CO., LTD. HYOSUNG ISTANBUL TEKSTIL LTD.STI HYOSUNG JAPAN CO, LTD. HYOSUNG LUXEMBOURG S.A HYOSUNG BRASIL INDUSTRIAL & COMMERCIAL LTDA HYOSUNG POWER HOLDINGS, LTD. HYOSUNG RESOURCES(AUSTRALIA) PTY LTD HYOSUNG SINGAPORE PTE LTD. HYOSUNG SPANDEX(GUANGDONG) CO., LTD HYOSUNG SPANDEX (JIAXING) CO., LTD HYOSUNG SPANDEX (ZHUHAI) CO., LTD HYOSUNG BRASIL INDUSTRIA E COMERCIO DE FIBRAS LTDA HYOSUNG SUMIDEN STEEL CORD (NANJING) CO., LTD. HYOSUNG STEELCORD(QINGDAO) CO., LTD SUMIDEN HYOSUNG STEEL CORD (THAILAND) CO., LTD HYOSUNG VIETNAM CO., LTD. XEPIX CORP. ZHANGJIAGANG XIAOSHA COIL SERVICE CO., LTD. HYOSUNG CHEMICALS(JIAXING) CO., LTD HYOSUNG WIRE LUXEMBOURG S.A GST GLOBAL GMBH HYOSUNG (TAIWAN) CORPORATION HYOSUNG COMPOSITES (GUANGDONG) CO., LTD HYOSUNG CORPORATION INDIA PRIVATE LIMITED. HYOSUNG SRL HYOSUNG RUS.. CHEMCROSS.COM LIFE POINT INC. MOMUS VENTURES GROUP TRANSLINK CAPTAL PARTNES I, L.P. |
|
Overseas Office |
BEIJING OFFICE ROOM 2208, 22/F, SCITE TOWER #22 JIANGUOMENWAI STREET,
BEIJING, CHINA POST CODE: 100004 TEL:+86-10-6512-9692 FAX:+86-10-6512-0031 SHANGHAI OFFICE 1115 SHANGHAI INTERNATIONAL TRADING CENTRE NO.2200 YAN
AN XI ROAD SHANGHAI 200336, P.R.C TEL:+86-21-6209-0123 FAX:+86-21-6209-3008 CHONGQUING OFFICE ROOM NO. 1109, METROPOLITAN TOWER, NO.68 ZOURONG ROAD,
YUZHONG DISTRICT, CHONGQING, CHINA TEL:+86-23-6370-3342 FAX:+86-23-6388-0827 MANILA OFFICE 7TH FLOOR, UNIT NO 714, TOWER ONE, AYALA TRIANGLE,
AYALA AVENUE, MAKATI CITY, METRO MANILA, PHILIPPINES TEL:+632-848-6204 FAX:+632-848-6208 QINGDAO OFFICE ROOM NO.911, HOLIDAY INN. QINGDAO NO.76, XIANGGANG
ZHONG LU, QINGDAO, CHINA POST CODE: 266071 TEL:+86-532-575-8071 FAX:+86-532-576-9395 GUANGZHOU OFFICE ROOM NO. 1212-1213, GUANGZHOU WORLD TRADE CENTER
COMPLEX 371-375 HUANSHI DONG ROAD GUANGZHOU, CHINA TEL:+86-20-8778-7998 FAX:+86-20-8778-7898 HANOI OFFICE 27 LY THAI TO ST, ROOM 102 HANOI, VIETNAM TEL:+84-4-8260866 FAX:+84-4-8260888 HOCHIMINH OFFICE 65 NGUYEN DU STREET. 4TH FLOOR 4B1 DISTRICT 1,
HOCHIMINH CITY, VIETNAM TEL:+848-8251617 FAX:+848-8231971 BANGKOK OFFICE ROOM NO. 1404, 14TH FLOOR ONE PACIFIC PLACE 142
SUKHUMVIT ROAD, BANGKOK 1011, THAILAND TEL:+66-2-653-2031 FAX:+66-2-653-2030 ISTANBUL OFFICE MECIDIYEKOY IS MERKEZI SEHIT AHMET SOK NO. 4 KAT 7,
DAIRE 90-91, PK 80310 ISTANBUL, TURKEY TEL:+90-212-274-4568 FAX:+90-212-272-0627 MILANO OFFICE (2ND PIANO) C.D. MILANOFIORI STRADA 1-PALAZZO E3, 20090.
ASSAGO(MI), ITALY TEL:+39-02-575-10505 FAX:+39-02-57700331 |
|
Subsidiary |
BAODING HYOSUNG TIANWEI TRANSFORMER CO., LTD.(BAODING,
CHINA) GST GLOBAL GMBH(MAULBURG, GERMANY) GLOBAL SAFETY TEXTILES U.S. HOLDINGS, INC. (DELAWARE,
U.S.A) GST AUTOMOTIVE SAFETY COMPONENTS INTERNATIONAL
LLC(DELAWARE, U.S.A) GLOBAL SAFETY TEXTILES LLC(DELAWARE, U.S.A) GST AUTOMOTIVE SAFETY COMPONENTS INTERNATIONAL LLC
S.A.DE C.V(ENSENADA, MEXICA) GST CHINA INVESTMENT LIMITED(HONG KONG) GST AUTOMOTIVE SAFETY SOUTH AFRICA(PROPRIETARY)
LIMITED(DURBAN, SOUTH AFRICA) GST AUTOMOTIVE SAFETY(CHANGSHU) CO. LTD(JIANGSU, CHINA) GLOBAL SAFETY TEXTILES GMBH(MAULBURG, GERMANY) GST AUTOMOTIVE SAFETY POLAND SP.Z.OO(CZESTOCHOWA,
POLAND) GST AUTOMOTIVE SAFETY CZECH S.R.O. (JEVICKO, CZECH
REPUBLIC) GST AUTOMOTIVE SAFETY UK LIMITED(MANCHESTER, UNITED
KINGDOM) GST AUTOMOTIVE SAFETY RO S.R.L. (JUDETUL MURES,
ROMANIA) GST SAFETY TEXTILES RO S.R.L. (MURES COUNTY, ROMANIA) HICO AMERICA SALES & TECH. (PITTSBURGH, U.S.A) HYOSUNG (H.K) LIMITED(HONG KONG) HYOSUNG BRASIL INDUSTRIA E COMERCIO DE FIBRAS
LTDA(SANTA CATARINA, BRASIL) HYOSUNG BRASIL INDUSTRIAL & COMMERCIAL
LTDA(AMERECANS SP, BRASIL) HYOSUNG CHEMICAL FIBER (JIAXING) CO., LTD. (JIAXING,
CHINA) HYOSUNG CHEMICALS (JIAXING) CO., LTD(JIAXING, CHINA) HYOSUNG COMPOSITES (GUANGDONG) CO., LTD(ZHUHAI, CHINA) HYOSUNG CORPORATION INDIA PRIVATE LIMITED. (NEW DELHI,
INDIA) HYOSUNG EUROPE SRL(MILANESE, ITALY) HYOSUNG HOLDINGS USA, INC. (CHARLOTTE, USA) HYOSUNG INTERNATIONAL(HK) LTD. (HONG KONG) HYOSUNG INTERNATIONAL TRADE(JIAXING) CO., LTD.
(JIAXING, CHINA) HYOSUNG ISTANBUL TEKSTIL LTD.STI(ISTANBUL, TURKEY) |
|
Subsidiary |
HYOSUNG JAPAN CO., LTD. (TOKYO, JAPAN) HYOSUNG LUXEMBOURG S.A(COLMAR-BERG) HYOSUNG POWER HOLDINGS, LTD. (GRAND CAYMAN) HYOSUNG RESOURCE (AUSTRALIA) PTY LTD. (SYDNEYNSW,
AUSTRALIA) HYOSUNG SINGAPORE PTE LTD. (RAFFLES CITY TOWER,
SINGAPORE) HYOSUNG SPANDEX (GUANGDONG) CO., LTD. (ZHUHAI, CHINA) HYOSUNG SPANDEX (JIAXING) CO., LTD. (JIAXING, CHINA) HYOSUNG SPANDEX (ZHUHAI) CO., LTD. (ZHUHAI, CHINA) HYOSUNG SRL(MURES COUNTY, ROMANIA) HYOSUNG STEEL CORD (QINGDAO) CO., LTD. (QINGDAO, CHINA) HYOSUNG SUMIDEN STEEL CORD(NANJING) CO., LTD. (NANJING,
CHINA) HYOSUNG USA INC. (CHARLOTTE, U.S.A) HYOSUNG VIETNAM CO., LTD. (DONG NAI PROVINCE, VIETNAM) HYOSUNG WIRE LUXEMBURG(COLMAR-BERG) NANTONG HYOSUNG TRANSFORMER CO., LTD. (NANTONG, CHINA) NANTONG TRANSFORMER CO., LTD. (NANTONG, CHINA) NANTONG YAUBONG TRANSFORMER CO., LTD. (NANTONG, CHINA) POWERTECH CORPORATION(CALIFORNIA, U.S.A) XEPIX CORP. (BREA, CALIFORNIA U.S.A) ZHANGJIAGANG XIAOSHA COIL SERVICE CO., LTD.
(ZHANGJIAGANG, CHINA) HYOSUNG (TAIWAN) CORPORATION. (TAIWAN) HYOSUNG RUS. (MOSCOW, RUSSIA) LUCK FAITH INVESTMENT LTD. (HONG KONG) CENTRAL TRADE INVESTMENT LTD. (HONG KONG) PT. HYOSUNG JAKARTA(JAKARTA, INDONESIA) BLITZ F14-125 GMBH(BREMEN, GERMANY) |
|
Cooperative Enterprise |
-Insured Company SAMSUNG FIRE & MARINE INSURANCE CO.,
LTD(110111-0005078) |
Sales by Region (Activity & Markets)
|
Sales/
Unit :Mil KRW |
09/2017 |
2016 |
2015 |
|
Export |
4,104,392 |
5,568,314 |
5,542,781 |
|
Domestic |
2,023,620 |
2,406,027 |
2,490,329 |
|
Total |
6,128,012 |
7,974,341 |
8,033,110 |
The
Subject deals with the companies in Asia, Africa and America including China,
India and USA.
Court Action
|
Case No. |
Court |
Plaintiff(s)/
Creditor(s)/ Applicant(s) |
Defendant(s)/
Debtor(s)/ Respondent(s) |
Cause |
Amount
(Million KRW) |
Status |
|
2014DA 233312 |
Supreme Court |
The Subject Company |
Korea Railroad Corp.(160171-0004321) |
Receivables |
28,700 |
3rd round is proceeding |
|
2013GAHAP5947 |
Changwon District Court |
Kong Myung-Sik & Others(816) |
The Subject Company |
Salaries |
19,000 |
1st round is proceeding |
|
2015NA 2015922(2016DA 222712) |
Seoul High Court |
UOP LLC |
The Subject Company |
Infringement of Secrets on Sales |
17,600 |
3rd round is proceeding |
|
2015NA 8881 |
Seoul High Court |
Gwangmyung City |
The Subject Company & Others(5) |
Claim for Compensation from Damages |
6,800 |
2nd round is proceeding |
|
2015 GAHAP 528968 |
Seoul Central District Court |
Hyosung Jewelry City Management |
The Subject Company |
Development Cost and Management Fees |
3,000 |
1st round is proceeding |
|
2013 GAHAP 523433 |
Seoul Central District Court |
Daehan Consultant |
The Subject Company & Others(3) |
Claim for Compensation from Damages |
2,300 |
Proceeding |
|
2015 GAHAP 33908 |
Seoul Seobu District Court |
Hyosung Baiknyeon gayak Residence Association |
The Subject Company |
Claim for Repairing Costs |
1,500 |
1st round is proceeding |
|
2015 GAHAP 3316 |
Ulsan District Court |
Hyosung Baiknyeon gayak Residence Association |
The Subject Company |
Claim for Repairing Costs |
1,300 |
1st round is proceeding |
|
2014 GAHAP 200288 |
Suwon District Court-Sungnam Branch |
Korea Land & Housing Corporation(135671-0033355) |
The Subject Company & Others(8) |
Claim for Compensation from Damages |
1,100 |
1st round is proceeding |
There
are 8 cases filed as Plaintiff(s)/ Creditor(s)/ Applicant(s) amounting 3,525
,000,000 KRW, and 32 cases filed as Defendant(s)/ Debtor(s)/ Respondent(s)
amounting 86,418,000,00 KRW including the above cases as of 09/30/2017.
News Clipping
-------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.23 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
|
KRW |
1 |
INR 0.060 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SYL |
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.