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Introduction
Hyundai Mobis (short for Mobile and System) is an Auto Parts Company
: Chung Myungchul
Establishment
Headquarters
Business Domains
Module Parts Manufacturing MOBIS is a leading company in vehicle
modularization, an approach recognized as revolutionary in the automotive
industry in the 21st century. MOBIS manufactures and supplies the chassis
module, cockpit module and front-end module, the three core modules for
carmakers, through the Just-In-Sequence (JIS) process. From planning to design,
simulation and manufacturing, the advanced module parts at MOBIS are
perfected through collaboration with carmakers from the very initial stage of
development.
After Sales Parts MOBIS supplies after sales parts to Hyundai and Kia Motors
worldwide. In order to ensure timely delivery of parts, MOBIS has built a cuttingedge logistics system and extensive distribution infrastructure that manages 2
million auto parts in stock for 194 types of automobiles, providing these service
parts at a moments notice and ensuring the highest level of customer satisfaction.
Responsibility/Additional Job
Inside directors
Chung Mongkoo
Chairman
Chung Myungchul
President
Chung Euisun
Vice Chairman
Director
Choi Byungchul
Vice President
Director
Outside directors
Lee Taewoon
Director
Park Chanwook
Director
Lee Byungjoo
Director
Lee Wooil
Director
Kim Kichan
Director
23) To engage in electronic commerce and internet related businesses and mail
order business
24) To operate education business and lifelong education facilities
25) To engage in all kinds of additional telecommunication business and
special category telecommunication business including information
provision business for vehicle, and sale and lease business of equipment
relating thereto; and
26) To engage in tourist business.
27) To engage in development and sales of resources in overseas.
28) To manufacture iron and steel products
Article 3 Location
The Company shall have its principal office in Seoul and, when deemed
necessary for business purposes, may establish factories, branch offices or subbranch offices at such places at home or abroad by a resolution of the Board of
Directors
Article 4 Method of Public Notice
Public notice by the Company shall be given by publication in "The Korea
Economic Daily," a daily newspaper of general circulation published in Seoul.
Shares
Article 5 Total Number of Shares to be Issued and Face Value per Share
The total number of shares that may be issued by the Company shall be
600,000,000 shares, and the face value of shares issued shall be 5,000 Won per
share.
Article 6 Classes of Shares and Share Certificates
All shares to be issued by the Company shall be common shares or
preferred shares, each in registered form, and share certificates shall be issued in
eight (8) denominations of one (1), five (5), ten (10), fifty (50), one hundred
(100), five hundred (500), one thousand (1,000) and ten thousand shares (10,000).
Article 6.2 Number and Characteristics of Preferred Shares
1) The number of preferred non-voting shares that may be issued by the
Company shall be 150 Million.
5) The exercise price per share for stock options shall not be less than any of
the following prices. In the event that the exercise price is adjusted after
the granting of stock option, the same shall apply.
A. In the event of issuance and delivery of new shares, the higher of (i)
the market price of the shares, which is calculated as the arithmetic
average of the trade volume weighted average closing prices of the
shares for the past two (2) months, one (1) month and one (1) week
as of the date on which the stock option is granted and (ii) par value
of the shares;
B. In cases other than those in Item A above, the market price of the
shares which is calculated in accordance with Item A above
C. In the event of issuance and delivery of new shares, the higher of (i)
the market price of the shares, which is calculated as the arithmetic
average of the trade volume weighted average closing prices of the
shares for the past two (2) months, one (1) month and one (1) week
as of the date on which the stock option is granted and (ii) par value
of the shares;
D. In cases other than those in Item A above, the market price of the
shares which is calculated in accordance with Item C above.
6) A stock option may be exercised within the six (6) year period from the
date when two (2) years have passed from the date of the General Meeting
of Shareholders or Board of Directors at which a resolution to grant such
stock option was adopted.
7) In any of the following cases, the Company may, by a resolution of the
Board of Directors, cancel the stock option;
a. If the officer or employee voluntarily resigns or is removed from
his/her office after he/she was given the stock option;
b. If the officer or employee inflicts on the Company substantial
damage, whether intentionally or by accident; or
c. If there occurs any other event for cancellation as prescribed in the
agreement on granting such stock option.
8) With respect to the distribution of dividends for shares issued upon the
exercise of stock option, the provision of Article 7-2 shall apply mutatis
mutandis.
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2)
3)
4)
5)
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3) Any matter that falls under any of the following categories shall not be
delegated to a Sub-Committee:
1. Proposal of any matter that requires approval from the General
Meeting of Shareholders;
2. Appointment and dismissal of the Representative Director;
3. Establishment of a Sub-Committee, and appointment and dismissal
of its members; or
4. Any other matter decided by the Board of Directors.
4) Each Sub-Committee shall give a notice of its resolutions to each Director.
In this case, a Director upon the notification may request convening of a
Board of Directors meeting and the Board of Directors may resolve
otherwise on the matter already resolved at the relevant Sub-Committee.
Article 31.2 Recommendation Committee on Candidates for Outside
Director
The Majority of the Committee members shall be composed of Outside
Directors. The Committee shall recommend candidates for Outside Directors who
shall be elected at the General Meeting of Shareholders.
Article 31.3 Audit Committee
1) The Audit Committee shall consist of three (3) or more Directors;
provided, however, that two thirds (2/3) or more of the total number of the
members shall consist of Outside Directors. However, in the event that the
number of Outside Directors fails to satisfy the two thirds (2/3)
requirement for constitution of the Audit Committee due to vacancy, such
vacancy should be filled at the first General Meeting of shareholders
convened after such vacancy has occurred.
2) An appointment and/or dismissal of members of the Audit Committee shall
be adopted at the General Meeting of Shareholders by means of resolution
determined in relevant laws and regulations including the Commercial
Code, etc.
3) Members of the Audit Committee shall be qualified under the relevant laws
and regulations including the Commercial code, etc.
4) The Audit Committee shall appoint the person who shall represent the
Committee out of members who are Outside Directors by its resolution.
Two or more of the members may be appointed to represent the Committee
jointly.
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Accounting
Article 34 Fiscal Year
The fiscal year of the Company shall begin on the first day of January and
end on the 31st day of December of each year.
Article 35 Preparation of Financial Statements
The Representative Director shall prepare the following documents,
detailed statements incidental thereto and a business report, and submit them to
the Ordinary General Meeting of Shareholders after they have been audited by
the Audit Committee:
1) Balance sheet;
2) Profit and loss statement;
3) Other documents required by relevant regulation indicating financial
position and business performance of the company.
Article 36 Disposition of Profits
The profits of the Company for any fiscal period shall be disposed of as
follows; provided that, the profits may be disposed of otherwise by resolutions of
the General Meeting of Shareholders:
1) Earned surplus reserves;
2) Other reserve required by law;
3) Dividends to shareholders;
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4) Voluntary reserves;
5) Earned surplus to be carried forward.
Article 37 Payment of Dividends
1) Dividends shall be paid in either cash or shares.
2) Dividends mentioned in Paragraph (1) may be paid to the shareholders and
the registered pledges recorded in the Company's Register of Shareholders
as of the last day of each period for the settlement of accounts; provided,
however, that dividends may be paid in cash to the shareholders who hold
the shares at the end of March, June or September from the commencement
of the fiscal year by a resolution of the Board of Directors.
Article 37.2 Retirement of Shares with Profits
1) The Company may retire its shares to the extent of the profits distributable
to Shareholders.
2) The detailed matters on retirement of shares with profits such as classes
and number of shares and the method of retirement, etc. shall be
determined by a resolution of the Board of Directors.
Article 38 Extinctive Prescription for the Claim for the Payment of
Dividends
1) The right to claim payment of dividends shall be extinguished by
prescription if it is not exercised within five (5) years.
2) Dividends after the expiration of the prescription period set out in
Paragraph (1) shall belong to the Company.
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V. Financial Analysis
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Sales
400,00,000
350,00,000
Axis Title
300,00,000
250,00,000
200,00,000
150,00,000
100,00,000
50,00,000
0
Sales
2011
2012
2013
262,94,579
307,89,019
341,98,594
Here Sales of the company increased by 11.1% compare with previous year.
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Profitability
Table 1 Operating Profit Ratio
Year
2011
2012
2013
Chart 2
Operating Profit
Sales
2,637,271
2,906,385
2,924,404
26,294,579
30,789,019
34,198,594
Operating profit
Ratio
10.0%
9.4%
8.6%
10.0
9.4
9.0
8.5
8.0
8.6
7.5
2011
2012
2013
But here operating profit ratio is getting down for the company.
Net Profit
3,026,845
3,542,013
3,396,421
Sales
26,294,579
30,789,019
34,198,594
Netprofit Margin
11.5%
11.5%
9.9%
Net Profit
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11
11.5
11.5
10
9.9
9
2011
2012
2013
Net Profit
Net profit ratio decreasing of the company compare with the previous years
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Net Profit
3,026,845
3,542,013
3,396,421
Shareholders Funds
1,38,21,210
1,70,28,908
2,02,16,791
Return on equity
21.9%
20.8%
16.8%
Return on Equity
21.9
20.8
16.8
2011
2012
2013
Return on Equity
Turnover Ratio
Tabla 4 Total Assets Turnover
Year
2011
2012
2013
Chart 5
Sales
Total Assets
26,294,579
30,789,019
34,198,594
22,575,648
30,046,996
34,430,309
Total Assets
Turnover
116.5%
102.5%
99.3%
102.5
99.3
2011
2012
Total Assets Turnover
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2013
Sales
Average Iventory
26,294,579
30,789,019
34,198,594
18,36,983
19,68,481
23,14,155
Inventories
Tuurnover
1,431.4%
1,564.1%
1,477.8%
Inventory Turnover
1564.1
1477.8
1431.4
2011
2012
2013
Inventory Turnover
Sales
Account Receivables
26,294,579
30,789,019
34,198,594
4748885
5230001
5678000
Receivables
Turnover
553.7
588.7
602.3
Receivables Turnover
602.3
588.7
553.7
2011
2012
2013
Receivables Turnover
Finally at the end of the financial analysis the companys financial level is
less in compare with previous years.
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VI. Conclusion
The company has been successful in meeting the demanding requirements
in international markets in terms of complicity of work as well as Technology
etc. Hyundai Mobis has over the year established its reference in to 193 countries
across the world. This unit gives more employment i.e. to thousands and
thousands of workers around the world. It gives more protection and safety to the
staff working in it besides more concentration to the welfare of the workers.
Finally, I pray God requesting to develop the unit more and in day by day.
Hyundai Mobis should run in successful manner in future also.
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