Hyundai Kefico Viet Nam Company Limited (Vietnam)

The subject is a subsidiary of HYUNDAI KEFICO CORPORATION from South Korea. It specializes in manufacturing hi-tech electronic components, and spare parts for automobiles and automobile engines such as electronic throttle control, sensors, actuators, etc. As revealed by an accountant, about 80% of the subject's products mainly have been exported to South Korea via its parent company - HYUNDAI KEFICO CORPORATION. The rest is exported to China, India, Indonesia and distributed in the domestic market. The main customer in Vietnam is HYUNDAI THANH CONG VIET NAM AUTO MANUFACTURING CORPORATION, she said.After 14 years of operation in Vietnam, the subject was ranked as an extremely large company in the industry. Last year, the subject recorded VND 11,152,810 million in net sales and the net income was VND 377,868 million. The subject depended significantly on loans (both short and long-term) and mostly borrowed from South Korean banks. The interest payment pressure was fairly high. However, its financial condition was still healthy.