|
|
|
MIRA
INFORM REPORT
|
Report No. : |
496969 |
|
Report Date : |
10.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
HYUNDAI WIA
CORPORATION |
|
|
|
|
Registered Office : |
153, Jeongdong-ro, Seongsan-gu, Changwon-si,
Gyeongsangnam-do, Korea 51533 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2017 |
|
|
|
|
Date of Incorporation : |
29.03.1976 |
|
|
|
|
Com. Reg. No.: |
609-81-01770 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Other Parts and Accessories for Motor Vehicles |
|
|
|
|
No. of Employees : |
3,351 |
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 : |
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
|
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 |
HYUNDAI WIA
CORPORATION (Korean Company
Name : “현대위아(주)”) |
|
Registered Address |
153, Jeongdong-ro, Seongsan-gu,
Changwon-si, Gyeongsangnam-do, Korea (Old Address System : 391-8,
Gaeumjeong-dong, Changwon-si, Gyeongsangnam-do, Korea) |
|
Building |
|
|
Zip Code |
51533 |
|
Tel |
+82-55-280-9114 |
|
Fax |
+82-55-285-9186 |
|
E-mail |
jwleo@hyundai-wia.com;dskwak@hyundai-wia.com |
|
Website |
www.hyundai-wia.com |
|
Trading Address |
15 FL., Landmark Tower, 308,
Gangnam-daero, Gangnam-gu, Seoul, Korea (Old Address System : 15 FL., Landmark Tower,
837-36, Yeoksam-dong, Gangnam-gu, Seoul, Korea) |
|
Tel |
+82-2-2112-8114 |
|
Fax |
+82-2-2112-8400 |
|
Other Address-Ansan 1 Factory |
189, Sinwon-ro, Danwon-gu, Ansan-si, Gyeonggi-do, Korea (Old Address System : 630-6, Seonggok-dong, Danwon-gu, Ansan-si,
Gyeonggi-do, Korea) |
|
Tel |
+82-31-364-7800 |
|
Fax |
+82-31-494-4688 |
|
Other Address-Ansan 2 Factory |
23, Cheomdan-ro 181beon-gil, Danwon-gu, Ansan-si, Gyeonggi-do, Korea (Old Address System : 687-3, Seonggok-dong, Danwon-gu, Ansan-si,
Gyeonggi-do, Korea) |
|
Tel |
+82-31-431-3563 |
|
Fax |
+82-31-431-3567 |
|
Other Address-Pyeongtaek Factory |
309, Poseunggongdansunhwan-ro, Poseung-eup, Pyeongtaek-si,
Gyeonggi-do, Korea (Old Address System : 679-7, Naegi-ri, Poseung-eup, Pyeongtaek-si,
Gyeonggi-do, Korea) |
|
Tel |
+82-31-617-0200 |
|
Fax |
+82-31-617-0220 |
|
Other Address-Poseung Factory |
676-7, Naegi-ri ,Poseung-eup ,Pyeongtaek-si, Gyeonggi-do, Korea |
|
Tel |
+82-31-617-0200 |
|
Fax |
|
|
Other Address-Ulsan 1 Factory |
18-39, Cheoyong-ro 487beon-gil, Nam-gu, Ulsan, Korea (Old Address System : 186-8, Seongam-dong, Nam-gu, Ulsan, Korea) |
|
Tel |
+82-52-226-2000 |
|
Fax |
+82-52-226-2099 |
|
Other Address-Ulsan 2 Factory |
35, Songdo-gil, Buk-gu, Ulsan, Korea (Old Address System : 750-1, Hyomun-dong, Buk-gu, Ulsan, Korea) |
|
Tel |
+82-52-219-1300 |
|
Fax |
|
|
Other Address-Seosan 1 Factory |
29-71, Mujangsaneop-ro, Jigok-myeon, Seosan-si, Chungcheongnam-do,
Korea (Old Address System : 1840, Mujang-ri, Jigok-myeon, Seosan-si,
Chungcheongnam-do, Korea) |
|
Tel |
+82-41-419-2019 |
|
Fax |
|
|
Other Address-Seosan 2 Factory |
105-2, Sindang 1-ro, Seongyeon-myeon, Seosan-si, Chungcheongnam-do,
Korea (Old Address System : 703-7, Galhyeon-ri, Seongyeon-myeon, Seosan-si,
Chungcheongnam-do, Korea) |
|
Tel |
+82-41-664-7958 |
|
Fax |
+82-41-664-7960 |
|
Other Address-Gwangju Factory |
80, Jingoksandanjungang-ro, Gwangsan-gu, Gwangju, Korea (Old Address System : 559, Oseon-dong, Gwangsan-gu, Gwangju, Korea) |
|
Tel |
+82-62-958-1800 |
|
Fax |
+82-62-953-5178 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Other Parts and Accessories for Motor Vehicles |
|
Main Business |
Automotive Gearshift, Joint, CNC Lathes, Machining Center, Boring
Machine, Grinder Machine, Press, Axle, Landing Gear, Robot |
|
Sub
Business |
|
|
Established (mm/dd/yyyy) |
03/29/1976 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Machine tools(23171600) -CNC, Turning Center, Vertical & Horizontae Machining Center,
Boring |
|
Sell |
Transportation components and systems(25170000) -Transmissions, Power Steering, C.V. Joint, Axle |
|
Buy |
VC Assy. |
|
Buy |
Bearing |
CEO’s
|
Name |
Yoon Jun-Mo |
|
Date of Birth |
03/05/1955 |
|
Title |
President & CEO |
|
Nationality |
Korean |
Profiles
|
Capital (KRW) |
135,975,415,000 |
||||||||||||||||||||||||||||||
|
Employees |
3,351 |
||||||||||||||||||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchange : 011210) as of
02/21/2011 A Company of HYUNDAI-KIA MOTORS BUSINESS
GROUP |
||||||||||||||||||||||||||||||
|
Bank Details |
S.C First Bank of Korea-Seo Yoido Branch Citi Bank, Korea Shinhan Bank |
||||||||||||||||||||||||||||||
|
Corporate Registered No. |
194211-0000125 |
||||||||||||||||||||||||||||||
|
Business Registered No. |
609-81-01770 |
||||||||||||||||||||||||||||||
|
Permit & Licenses |
12/2001 ISO 14001 12/2002 QS 9001 Int’l Trade No.: 832065 |
||||||||||||||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||||||||||||||
|
Company History |
03/29/1976 Incorporated as Kia Heavy
Industry Co., Ltd 06/01/1983 Developed first machining-centre
in Korea 05/01/1986 Merged Changwon Plant of Daehan
Heavy Industry 11/01/1986 Changwon-Nansam Plant was opened 04/01/1994 Developed aeroplane landing gear
the first in Korea 03/29/1996 Renamed to Kia Heavy Industry 11/01/1996 Innovation Engineering Prize was
awarded 03/01/2000 Changed company name to WIA
Corporation (World Industries Ace) 05/01/2002 Joined as a company of
Hyundai-Kia Motors Business Group 03/24/2003 Increased the authorized shares
to 40,000,000 shares from 20,000,000 shares 01/01/2005 Acquired Machinery Business
Division from Hyundai Motor Company 08/2009 Changed company name to the present
name 11/01/2014 Acquired HYUNDAI
WISCO(194211-0000084) and HYUNDAI METIA CO., LTD.(194211-0000068) 11/04/2014 Increased capital to 135,975,415,000
KRW from 128,650,595,000 KRW |
Detailed Information
Management
|
Job Description |
Name |
Nationality |
Date of Birth |
Inauguration Date |
|
President & CEO |
Yoon Jun-Mo |
Korean |
03/05/1955 |
03/14/2014 |
|
Sr. Executive Director |
Son Il-Keun |
Korean |
07/15/1957 |
03/18/2016 |
|
Sr. Executive Director |
Lee Myung-Ho |
Korean |
03/17/1960 |
03/17/2017 |
|
Outside Director / Auditor |
Nam Ik-Hyun |
Korean |
03/07/1963 |
03/17/2017 |
|
Outside Director |
Cho Sung-Kook |
Korean |
03/06/1966 |
03/17/2017 |
|
Outside Director / Auditor |
Lee Byung-Dae |
Korean |
01/23/1952 |
02/07/2011 |
|
Outside Director / Auditor |
Jang Ji-Sang |
Korean |
03/18/1956 |
02/07/2011 |
|
Supervisor |
Kim Zeung-Han |
Korean |
04/18/1968 |
01/26/2017 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
2017 |
6,965,532,784,644 |
6,173,751,319,864 |
-72,596,242,784 |
|
2016 |
7,159,699,472,234 |
5,956,871,986,784 |
158,712,553,360 |
|
2015 |
7,743,358,413,175 |
5,986,181,896,065 |
339,106,324,416 |
|
2014 |
6,816,996,068,532 |
5,364,691,017,578 |
404,704,072,983 |
|
2013 |
6,287,025,159,453 |
4,114,711,537,234 |
375,115,027,487 |
|
2012 |
6,253,825,028,955 |
3,873,590,111,711 |
363,793,908,021 |
|
2011 |
5,634,181,159,827 |
3,553,860,078,556 |
216,690,756,923 |
|
2010 |
4,434,894,790,878 |
2,908,066,370,827 |
92,058,906,185 |
|
2009 |
3,118,227,201,701 |
2,343,841,881,416 |
77,225,187,346 |
|
2008 |
3,186,516,993,276 |
2,330,760,697,997 |
46,391,963,315 |
|
2007 |
3,302,650,448,199 |
1,902,622,303,880 |
43,275,921,389 |
|
2006 |
2,592,403,328,679 |
1,819,419,224,938 |
61,462,868,630 |
|
2005 |
2,259,927,105,452 |
1,502,120,768,271 |
62,963,640,689 |
|
2004 |
1,835,526,437,517 |
1,075,488,176,394 |
64,533,114,235 |
|
2003 |
1,032,852,629,773 |
740,612,937,031 |
51,413,775,382 |
Financial Description
|
Authorized Capital(KRW) |
200,000,000,000 |
|
Paid-Up Capital(KRW) |
135,975,415,000 |
|
Total Issues Shares |
27,195,083 |
|
Balance Sheet |
|||
|
Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Total Assets |
6,173,751,319,864 |
5,956,871,986,784 |
5,986,181,896,065 |
|
Current
Assets |
3,223,491,168,399 |
3,170,335,461,754 |
3,364,514,720,525 |
|
Cash & Cash Equivalents |
757,433,363,937 |
655,032,460,175 |
463,484,479,381 |
|
Current Financial Instruments |
536,800,000,000 |
661,840,000,000 |
621,840,000,000 |
|
Trade Receivables |
1,074,173,972,765 |
1,009,861,720,341 |
1,323,822,881,244 |
|
Other Receivables |
71,636,392,785 |
95,398,559,327 |
77,368,914,552 |
|
Other Current Assets |
14,505,084,943 |
12,335,246,798 |
15,902,698,285 |
|
Deferred Income Tax Assets |
7,968,125,332 |
- |
|
|
Inventories |
605,790,539,131 |
557,202,873,985 |
632,537,403,277 |
|
Other Receivables-Construction |
155,183,689,506 |
178,664,601,128 |
229,558,343,786 |
|
Non-Current
Assets |
2,950,260,151,465 |
2,786,536,525,030 |
2,621,667,175,540 |
|
Non-Current Financial Instruments |
135,000,000 |
95,000,000 |
15,095,000,000 |
|
Marketable Financial Instruments |
73,688,089,944 |
70,769,647,907 |
69,204,536,797 |
|
Other Receivables |
59,241,873,518 |
37,700,133,192 |
35,502,131,241 |
|
Tangibles |
1,970,710,120,158 |
1,876,051,278,457 |
1,693,559,503,404 |
|
Investment_Real Estates |
1,522,714,000 |
1,522,714,000 |
1,522,714,000 |
|
Intangibles |
217,810,312,318 |
232,741,693,827 |
230,805,511,342 |
|
Investment_Subsidiaries |
390,611,233,983 |
320,915,250,103 |
334,336,971,212 |
|
Investment_Related Companies |
229,891,485,337 |
229,891,485,337 |
229,891,485,337 |
|
Investment_Joint Venture |
6,649,322,207 |
16,849,322,207 |
11,749,322,207 |
|
Total
Liabilities |
3,129,000,939,806 |
2,821,814,155,464 |
2,985,210,586,423 |
|
Current
Liabilities |
1,567,163,417,057 |
1,523,830,574,711 |
1,784,302,766,706 |
|
Trade Payables |
1,136,163,164,260 |
1,140,733,753,529 |
1,211,005,382,885 |
|
Other Payables |
140,259,946,205 |
113,879,889,411 |
136,825,898,565 |
|
Short-Term Borrowings |
4,889,776,840 |
- |
|
|
Current Portion of Long-Term
Debts |
150,000,000,000 |
130,000,000,000 |
130,000,000,000 |
|
Accrued Income Tax |
- |
28,677,585,645 |
97,814,000,710 |
|
Other Current Financial Debts |
1,062,080,924 |
1,449,021,452 |
1,727,203,513 |
|
Current Portion of Provisions |
19,103,370,589 |
16,193,551,870 |
17,451,641,277 |
|
Other Current Liabilities |
48,321,925,539 |
36,323,455,747 |
46,407,899,058 |
|
Other Payables-Construction |
67,363,152,700 |
56,573,317,057 |
143,070,740,698 |
|
Non-Current
Liabilities |
1,561,837,522,749 |
1,297,983,580,753 |
1,200,907,819,717 |
|
Other Non-Current Debts |
2,407,653,200 |
2,208,689,066 |
2,746,828,272 |
|
Long-Term Borrowings |
100,000,000,000 |
100,000,000,000 |
- |
|
Debentures |
1,196,919,413,947 |
957,322,624,599 |
957,005,967,883 |
|
Confirmed Salaries |
9,091,955,989 |
9,277,105,770 |
8,229,121,474 |
|
Other Non-Current Financial Debts |
1,408,174,444 |
1,774,430,039 |
1,918,214,913 |
|
Non-Current Portion of Provisions |
176,339,769,574 |
126,513,019,938 |
111,520,501,249 |
|
Deferred Income Tax Credit |
75,670,555,595 |
97,250,248,691 |
112,958,916,291 |
|
Provision for Severance &
Retirement |
- |
3,637,462,650 |
6,528,269,635 |
|
Capital
Stock |
135,975,415,000 |
135,975,415,000 |
135,975,415,000 |
|
Capital Surplus |
425,995,508,238 |
425,995,508,238 |
425,993,852,928 |
|
Others |
34,895,704,593 |
32,733,452,243 |
31,545,376,400 |
|
Profit Surplus |
2,447,883,752,227 |
2,540,353,455,839 |
2,407,456,665,314 |
|
Total Equity |
3,044,750,380,058 |
3,135,057,831,320 |
3,000,971,309,642 |
|
Liab. & Shareholder’s Equity |
6,173,751,319,864 |
5,956,871,986,784 |
5,986,181,896,065 |
|
Income Statement |
|||
|
Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Sales |
6,965,532,784,644 |
7,159,699,472,234 |
7,743,358,413,175 |
|
Cost of Sold Goods |
6,717,482,379,891 |
6,654,738,737,778 |
6,989,613,852,334 |
|
Gross Profit |
248,050,404,753 |
504,960,734,456 |
753,744,560,841 |
|
Selling Expenses |
122,342,490,483 |
123,780,417,557 |
131,630,526,659 |
|
Admin. Expenses |
126,504,098,101 |
132,716,911,715 |
126,685,704,354 |
|
Operating Income |
-796,183,831 |
248,463,405,184 |
495,428,329,828 |
|
Non-Operating Income |
73,385,279,139 |
119,293,528,881 |
137,580,585,244 |
|
Non-Operating Expenses |
143,561,033,372 |
109,209,475,383 |
160,713,170,697 |
|
Finance Income |
13,273,516,166 |
16,284,387,786 |
21,687,718,394 |
|
Finance Expenses |
36,214,144,614 |
36,898,055,133 |
37,676,848,255 |
|
Income Before Taxes |
-93,912,566,512 |
237,933,791,335 |
456,306,614,514 |
|
Income Taxes Expenses |
-21,316,323,728 |
79,221,237,975 |
117,200,290,098 |
|
Net Income |
-72,596,242,784 |
158,712,553,360 |
339,106,324,416 |
|
Cash Flows |
|||
|
Unit : Korean Won |
As of 12/31/2017 |
As of 12/31/2016 |
As of 12/31/2015 |
|
Operating Activities Cash Flows |
98,720,247,871 |
511,244,078,985 |
530,418,486,081 |
|
Cash
Flows from Operating |
151,788,996,601 |
686,197,823,159 |
654,410,045,310 |
|
Net
Income |
-72,596,242,784 |
158,712,553,360 |
339,106,324,416 |
|
-Exp.
without Cash Outflow |
309,208,322,711 |
343,250,197,401 |
376,851,264,305 |
|
-Revenue
without Cash Inflows |
-22,679,687,736 |
-41,489,326,918 |
-48,184,783,222 |
|
-Changes
in Asset/ & Liability |
-62,143,395,590 |
225,724,399,316 |
-13,362,760,189 |
|
Interests
Received |
13,434,999,341 |
16,449,738,174 |
18,120,438,521 |
|
Interests
Paid |
-29,689,766,061 |
-28,880,438,389 |
-29,641,661,098 |
|
Dividends
Received |
3,746,741,657 |
3,000,000,000 |
3,337,569,050 |
|
Income
Taxes |
-40,560,723,667 |
-165,523,043,959 |
-115,807,905,702 |
|
Cash Flows from Investing |
-215,959,733,436 |
-387,365,343,601 |
-624,332,234,392 |
|
Cash
Inflow from Investing |
723,000,875,156 |
31,034,463,711 |
24,704,610,304 |
|
Cash
Outflows for Investing |
-938,960,608,592 |
-418,399,807,312 |
-649,036,844,696 |
|
Cash Flows from Financing |
229,110,618,100 |
67,669,245,410 |
137,321,826,280 |
|
Cash
Inflows from Financing |
388,328,520,000 |
229,393,400,000 |
398,290,000,000 |
|
Cash
Outflows from Financing |
-159,217,901,900 |
-161,724,154,590 |
-260,968,173,720 |
|
Increase/Decrease in Cash |
111,871,132,535 |
191,547,980,794 |
43,408,077,969 |
|
Cash at the Beginning of Year |
655,032,460,175 |
463,484,479,381 |
420,076,401,412 |
|
Cash at the End of Year |
757,433,363,937 |
655,032,460,175 |
463,484,479,381 |
Products, Technologies, Services Description
|
Main Products & Services |
Auto Parts Division -Crank Shaft, Connecting Rod, Planet Carrier, Differential Gear,
Transfer Driven Gear, Outer Race Transmission Division Machinery Division |
|
Detailed Products Spec. |
|
|
Technologies Acquired |
|
Trade Partners & Competitors
|
Suppliers |
HANKOOK TIRE CO.,LTD.(110111-4952093) IL JIN METAL. INC.(190111-0006393) SIEMENS CO., LTD(110111-0645725) KOREA CONVEYOR.CO., LTD.(110111-0003569) |
|
Customers |
HYUNDAI MOTOR COMPANY(110111-0085450) KIA MOTORS CORPORATION(110111-0037998) KOREA DELPHI AUTOMOTIVE SYSTEMS CORP.(110111-0384117) GM DAEWOO AUTO & TECHNOLOGY
COMPANY(120111-0294124) DAPA(KOREA) MINISTRY OF DEFENSE(THE REPUBLIC OF KOREA) DEFENSE ACQUISITION PROGRAM
ADMINISTRATION(DAPA) GENERAL MOTORS(USA) |
|
Competitors |
DOOSAN INFRACORE CO., LTD.(120111-0234469) HWACHEON MACHINERY WORKS CO., LTD.(110111-0342181) S&T DYNAMICS CO.,LTD.(110111-0042880) MANDO CORPORATION(131311-0140776) HYUNDAI POWER TECH CO., LTD.(161411-0009403) HYUNDAI DYMOS INC.(161411-0008562) |
Related Parties (Subsidiaries, Joint-Venture & Affiliates)
|
Affiliates-Domestic |
HYUNDAI MOTOR COMPANY(110111-0085450) KIA MOTORS CORPORATION(110111-0037998) HYUNDAI MOBIS CO., LTD.(110111-0215536) HYUNDAI AUTONET CO., LTD.(134411-0015057) DYMOS INC.(161411-0008562) KEFICO(110111-0543169) HYUNDAI POWERTECH CO., LTD.(161411-0009403) WORLD INDUSTRIES ACE CORP.(194211-0000125) WISCO(194211-0000084) METIA CORPORATION(194211-0000068) IHL CORPORATION(171211-0007722) AUTOMOBILE INDUSTRIAL ACE CO., LTD.(135011-0029352) M. SEAT CO., LTD.(110111-2410366) PARTECS CO., LTD.(161411-0015955) SAMWOO CO., LTD.(134511-0003480) HYUNDAI HYSCO(110111-0302416) HYUNDAI STEEL COMPANY(120111-0001743) BNG STEEL CO., LTD.(110111-0065395) HMC INVESTMENT SECURITIES CO.,
LTD.(110111-0019962) HYUNDAI CAPITAL SERVICES,
INC.(110111-0995378) HYUNDAI COMMERCIAL INC.(110111-3646697) HYUNDAI CARD CO., LTD.(110111-0377203) HAEVICHI RESORT CO., LTD(224111-0006681) HAEVICHI COUNTRY CLUB CO.,
LTD.(110111-0616049) GLOVIS CO., LTD.(110111-2177388) AUTOEVER SYSTEMS
CORPORATION(110111-1935638) M&SOFT CO., LTD.(110111-1620239) N.G.V(110111-2094201) CARNES CO., LTD.(134111-0134001) HYUNDAI-ROTEM COMPANY(194211-0036336) SEOUL METRO LINE NINE
CORPORATION(110111-3134048) MAINTRANS COMPANY(110111-3920520) KIA TIGERS CO., LTD.(200111-0003883) ASSET MANAGEMENT CO., LTD(110111-2622242) INNOCEAN WORLDWIDE INC(110111-3229097) CORENTEC. CO., LTD.(110111-1983653) JONGRO HAKPYUNG CO., LTD.(110111-0171225) JONGRO ACADEMY(110111-0109060) HAEVICHI RESORT CO., LTD.(224111-0006681) HYUNDAI SPECIAL STEEL COMPANY(110111-4505595) (40.0% held by the subject company) |
|
Affiliates-Overseas |
HYUNDAI MOTOR INDIA LTD. HYUNDAI-ASSAN OTOMOTIV SANAYI VE TICARET
A.S. BEIJING HYUNDAI MOTOR COMPANY BEIJING JINXIAN MOTOR SAFEGUARD SERVICE
CO., LTD HYUNDAI TRANSLEAD HYUNDAI MOTOR MANUFACTURING ALABAMA STAMPED METAL AMERICAN RESEARCH TECHNOLOGY,
INC HYUNDAI MOTOR POLAND HYUNDAI MORTOR COMPANY AUSTRALIA PTY LTD. HYUNDAI MOTOR JAPAN CO., LTD HYUNDAI MOTOR AMERICA, INC. HYUNDAI MOTOR FINANCE COMPANY WORLD MARKETING GROUP HYUNDAI MOTOR EUROPE GMBH HYUNDAI AUTO CANADA CAPTIVE INSURANCE LTD GLOBAL ENGINE ALLIANCE LLC GLOBAL ENGINE MANUFACTURING ALLIANCE LLC HYUNDAI AMERICA TECHNICAL CENTER INC. HYUNDAI MOTOR JAPAN R&D CENTER INC. HYUNDAI DE MEXICO S.A. HYUNDAI RIO VISTA, INC CHINA MILLENNIUM CORPORATION Ⅰ CHINA MILLENNIUM CORPORATION Ⅱ CHINA MILLENNIUM CORPORATION Ⅲ BEIJING HINES MILLENIUM REAL ESTATE
DEVELOPMENT CO. HYUNDAI MOTOR GROUP (CHINA) LTD HYUNDAI MOTOR HUNGARY HYUNDAI MOTOR EUROPE TECHNICAL CENTER GMBH HYUNDAI MOTOR NORWAY AS HYUNDAI INFORMATION SERVICE NORTH AMERICA HYUNDAI MOTOR UK LIMITED KIA MOTORS AMERICA INC. KIA CANADA INC. KIA MOTORS DEUTSCHLAND GMBH KIA MOTORS EUROPE GMBH. KIA MOTORS POLSKA SP.Z O.O. |
|
Affiliates-Overseas |
KIA MOTORS UNITED KINGDOM LTD KIA MOTORS AUSTRIA GMBH KIA MOTORS BELGIUM GMBH KIA MOTORS HUNGARY GMBH KIA MOTORS CZECH GMBH KIA MOTORS SWEDEN AB(KMSW) KIA MOTORS IBERIA S.L(KMIB) KIA MOTORS FRANCE SAS KIA MOTORS SLOVAKIA S.R.O(KMS) DONGFENG YUEDA KIA MOTOR CO., LTD KIA JAPAN CO., LTD. KIA MOTORS AUSTRALIA PTY LTD KIA MOTORS SALES SLOVENSKO S.R.O KIA MOTORS NEW ZEALAND LTD SHANGHAI HYUNDAI MOBIS AUTOMOTIVE PATRS
CO., LTD. JIANGSU MOBIS AUTOMOTIVE PARTS CO., LTD. BEIJING HYUNDAI MOBIS AUTOMOTIVE PARTS CO.,
LTD. BEIJING MOBIS TRANSMISSION CO., LTD. MOBIS AMERICA INC. GUANG DONG HYUNDAI MOBIS CO., LTD. HYUNDAI MOTOR (SHANGHAI) CO., LTD MOBIS PARTS EUROPE N.V. MOBIS PARTS DEUTSCHLAND GMBH MOBIS PARTS, MIDDLE EAST FREE ZONE
ESTABLISHMENT BEIJING MOBIS CHONCHE AUTOMOTIVE PARTS CO.,
LTD. MOBIS SLOVAKIA S.R.O MOBIS PARTS AUSTRALIA PTY LTD. BEIJING HYUNDAI MOBIS PARTS CO., LTD MOBIS PARTS IBERIA S.L. MOBIS PARTS CIS MOBIS PARTS JIANGSU YUEDA TRADING CO., LTD. AMERICAN AUTOPARTS, INC. OHIO MODULE MANUFACTURING CO., LLC MOBIS INDIA LIMITED HYUNDAI MOBIS(HONGKONG) CO.,LTD MOBIS ALABAMA, LLC MOBIS PARTS AMERICA, LLC MOBIS PARTS DETROIT, LLC WUXI MOBIS AUTOMOTIVE AUTOPARTS CO.,LTD QINGDAO HYUNDAI MACHINERY CO.,LTD. HYUNDAI PIPE OF AMERICA, INC. BEIJING HYUNDAI HYSCO STEEL PROCESS CO.,
LTD. HYSCO AMERICA COMPANY, INC. HYSCO SLOVAKIA,S.R.O HYUNDAI AUTONET AMERICA ROTEM USA CORPORATION HYUNDAI-KIA MACHINE AMERICA CORPRATION WIA AUTOMOTIVE PARTS CO., LTD HYUNDAI-KIA MACHINE EUROPE GMBH GLOVIS AMERICA, INC. GLOVIS ALABAMA, LLC. GLOVIS SLOVAKIA, S. R. O GLOVIS AUSTRALIA PTY.LTD |
|
Affiliates-Overseas |
GLOVIS EUROPE GMBH GLOVIS INDIA PRIVATE LIMITED GLOBAL AUTO PROCESSING SERVICES, INC BNG STEEL JAPAN CORP. BNG STEEL GMBH AMCO AMERICA, INC AMCO INDIA CONSTRUCTION PRIVATE, LTD BEIJING LEAR DYMOS AUTOMOTIVE SYSTEMS CO.,
LTD INNOCEAN WORLDWIDE COMMUNICATION PRIVATE
LIMITED JIANGSU HYUNDAI HYSCO STEEL PROCESS CO.,
LTD HYSCO STEEL INDIA., LTD INNOCEAN WORLDWIDE UK LIMITED EUROTEM HYUNDAI MOTOR MANUFACTURING CZECH, S.R.O. AUTOEVER SYSTEMS INDIA PRIVATE LIMITED ROTEM EQUIPMENTS (BEIJING) CO., LTD. MOBIS ALABAMA INSTRUMENT PANEL, LLC AUTOEVER SYSTEMS CHINA CO.,LTD. KIA MOTORS MANUFACTURING GEORGIA, INC. HMCIS B.V. AUTOEVERSYSTEMS EUROPE GMBH HYUNDAI MOTOR INDIA ENGINEERING DYMOS CZECH REPUBLIC S.R.O HYUNDAI AUTO CANADA CORP. MOBIS AUTOMOTIVE CZECH S.R.O. HYUNDAI MOTOR CIS LLC MOBIS PARTS BRAZIL INTERMEDIACAO DE
NEGOCIOS LTDA HYUNDAI AUTONET INDIA ENGINEERING PRIVATE
LIMITED HYSCO CZECH S.R.O AMCO CAMBODIA CO.,LTD. GLOVIS LOGISTICS LTD. GLOVIS CZECH REPUBLIC S.R.O. INNOCEAN WORLDWIDE EUROPE GMBH MOBIS GEORGIA, LLC GLOVIS GEORGIA, LLC GLOVIS HONG KONG CO.,LTD SHANDONG HYUNDAI WIA AUTOMOTIVE ENGINE COMPANY (30.00% held by the subject company) |
|
Overseas Office |
HYUNDAI WIA INDIA PRIVATE LTD.(INDIA) HYUNDAI WIA AUTOMOBILE(SHANDONG) CO., LTD.(CHINA) (30.0% held by the subject company) |
|
Liaison Office |
|
|
Overseas Branch |
|
|
Joint Venture |
WIA MAGNA POWERTRAIN CO., LTD.(164811-0048707) (50.0% held by the subject company) |
|
Subsidiary |
HYUNDAI WIA IHI TURBO CORPORATION(161411-0030193) (100.0% held by the subject company) JIANGSU HYUNDAI WIA CO., LTD.(CHINA) (100.0% held by the subject company) HYUNDAI-WIA INDIA PVT LTD (100.0% held by the subject company) HYUNDAI-WIA EUROPE GMBH(GERMANY) (100.0% held by the subject company) HYUNDAI WIA MEXICO,S.DE R.L. DE C.V. (99.99% held by
the subject company) HYUNDAI-WIA MACHINE AMERICA CORP (100.0% held by the subject company) HYUNDAI WIA MACHINE TOOL CO., LTD.(CHINA) (100.00% held by JIANGSU HYUNDAI
WIA CO., LTD.) BEIJING WIA TURBO CHARGER CO., LTD.(CHINA) (100.00% held by JIANGSU HYUNDAI
WIA CO., LTD.) |
|
Corporate Ownership |
HYUNDAY MOTOR COMPANY(110111-0085450) |
|
Major Shareholders |
HYUNDAY MOTOR COMPANY(110111-0085450) |
|
Cooperative Enterprise |
-Technical Support from BISHOP- AUSTRALIA UNIVANCE-JAPAN APPH-UK SOCIETE ANONYME AUTOMOBILES CITREON-FRANCE HITACHI SEIKI NSK, CITROEN BOSCH BRAKE SYSTEM NSK, CTIROEN COLTEC INDUSTIES ISC KAWASWKI HEAVY IND.ROBOT N.S.K. C.V.JOINT JIDOSHA KIKI CO,LTD, HITACHI SEIKI MANNESMAMN DEMAG AG WANXIANG-CHINA -Insured Company HYUNDAI MARINE & FIRE INSURANCE CO., LTD.(110111-0035893) |
Sales by Region (Activity & Markets)
|
Sales/ Unit :Mil
KRW |
2010 |
2009 |
2008 |
|
Export |
3,048,385 |
1,837,756 |
1,994,542 |
|
Domestic |
1,386,510 |
1,280,471 |
1,191,975 |
|
Total |
4,434,895 |
3,118,227 |
3,186,517 |
The Subject exports
to Mexico, India and Poland.
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (Million
KRW) |
Status |
|
|
|
Jung Pyung-Jin & Others(2) |
The Subject Company |
Salaries |
44,256 |
Proceeding |
|
|
|
Kang Sang-Geun & Others(431) |
The Subject Company &
HYUNDAI METIA CO., LTD.(194211-0000068) |
Salaries |
24,864 |
Proceeding |
|
|
|
Kim Yong-Sun & Others(1,531) |
The Subject Company |
Salaries |
59,550 |
Proceeding |
|
|
|
|
The Subject Company(6 Cases) |
- |
20,650 |
Proceeding |
|
|
|
The Subject Company |
Changwon Tax Services |
Cancellation on Imposed taxes |
675 |
Proceeding |
|
|
|
The Subject Company(4 Cases) |
|
- |
17,397 |
Proceeding |
News Clipping
-------
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.07 |
|
|
1 |
INR 89.85 |
|
Euro |
1 |
INR 80.16 |
|
KRW |
1 |
INR 0.061 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
TPT |
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.