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Hwashin Automotive India
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Registered Details

HWASHIN AUTOMOTIVE INDIA PRIVATE LIMITED

Active

Updated: 21 Oct 2024

Hwashin Automotive India Private Limited, is an unlisted private company incorporated on 03 January, 2002. It is classified as a private limited company and is located in Tamil Nadu, Tamil Nadu. It's authorized share capital is INR 400.00 cr and the total paid-up capital is INR 395.05 cr.

Hwashin Automotive India's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has increased by 33.49% over the previous year. At the same time, it's book networth has increased by 61.75%.

Industry

Manufacture of motor vehicles, trailers and others

Products

heat protector), used car engine parts oil pan, New car, pedal parts, accelerator, clutch body parts and repairing service., brake

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

2.21%

₹ 2,486.1

EBITDA

-3.36%

₹ 161.0

Net Profit

-16.03%

₹ 45.8

Networth

18.54%

₹ 291.1

Borrowings

-25.22%

₹ 233.5

Assets

-5.71%

₹ 839.3

Gross Margin

-0.56

15.9 %

Operating Margin

-0.37

6.5 %

Net Profit Margin

-0.39

1.8 %

Return on Equity

-6.47

15.7 %

ROCE

-14.59

34.2 %

Debt to Equity

-0.47

0.8

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (4)

State	Type	Address

Locations on Map

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

No risks identified

Low Risk

LOW INVENTORY
GROSS MARGINS DETERIORATING
NET MARGIN DETERIORATING
ROCE DETERIORATING

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Peers / Similar Companies

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Delhi

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Maharashtra

Bellsonica Auto Component India Private Limited

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Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	1,749.0	1,487.1	1,810.2	2,432.4	2,486.1
Operating profit	106.1	111.9	129.2	166.6	161.0
Net profit	2.4	58.1	57.9	54.5	45.8
Gross margin	18.6	18.6	18.3	16.4	15.9
Operating margin	6.1	7.5	7.1	6.8	6.5
Net margin	0.1	3.8	3.2	2.2	1.8
Networth	39.7	97.9	155.7	245.6	291.1
Borrowings	305.4	246.8	254.7	312.3	233.5
Assets	847.3	761.0	795.0	890.1	839.3
Debt to equity	7.7	2.5	1.6	1.3	0.8
Current ratio	0.5	0.7	0.8	0.9	1.1
ROE	6.2	59.4	37.2	22.2	15.7
Days payable	109.0	108.0	83.0	48.0	42.0
WC days	-72.0	-53.0	-30.0	-10.0	6.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	395.0	395.0	395.0	395.0	395.0
Reserves	-355.3	-297.2	-239.3	-149.5	-103.9
Borrowings +	305.4	246.8	254.7	312.3	233.5
Long term borrowings	35.7	18.0	-	-	-
Short term borrowings	269.8	228.8	254.7	312.3	233.5
Trade payables +	424.8	356.4	337.3	266.8	241.4
Days payable	109.0	108.0	83.0	48.0	42.0
Other liabilities +	502.1	416.4	384.5	332.2	314.6
Other non-current liabilities	18.1	19.0	19.4	21.5	23.6
Other current liabilities	59.2	41.0	27.9	44.0	49.6
Total liabilities	847.3	761.0	795.0	890.1	839.3
Fixed Assets +	409.0	310.5	274.1	289.6	264.7
Tangible assets	390.5	289.2	254.5	278.5	261.6
CWIP	15.6	18.6	16.8	8.4	0.5
Intangible assets	2.8	2.8	2.7	2.7	2.7
LT loans and advances	8.7	8.9	-	-	-
Other non-current assets	21.1	30.9	48.0	43.4	6.9
Current assets +	408.6	410.7	472.9	557.2	567.7
Inventories	77.0	85.3	95.9	96.7	99.1
Trade receivables	239.3	285.7	320.5	322.9	292.1
Cash and cash equivalents	73.0	23.8	42.3	121.0	141.6
ST loans and advances	19.2	16.0	14.2	-	-
Other current assets	-	-	-	16.6	34.9
Total assets	847.3	761.0	795.0	890.1	839.3

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	46.62	51.91	49.69	44.38	47.07
Reserves	-41.94	-39.05	-30.1	-16.79	-12.38
Borrowings +	36.05	32.43	32.04	35.09	27.83
Long term borrowings	4.21	2.37	0.0	0.0	0.0
Short term borrowings	31.84	30.06	32.04	35.09	27.83
Trade payables	50.14	46.84	42.43	29.97	28.77
Other liabilities +	59.26	54.71	48.37	37.32	37.49
Other non-current liabilities	2.14	2.49	2.43	2.41	2.81
Other current liabilities	6.99	5.38	3.51	4.94	5.91
Total liabilities
Fixed Assets +	48.27	40.81	34.47	32.53	31.54
Tangible assets	46.09	38.0	32.01	31.29	31.17
CWIP	1.84	2.44	2.12	0.95	0.06
Intangible assets	0.33	0.36	0.34	0.3	0.32
LT loans and advances	1.02	1.17	0.0	0.0	0.0
Other non-current assets	2.49	4.06	6.03	4.87	0.82
Current assets +	48.22	53.97	59.49	62.59	67.64
Inventories	9.09	11.2	12.07	10.86	11.81
Trade receivables	28.25	37.54	40.31	36.27	34.8
Cash and cash equivalents	8.62	3.13	5.32	13.59	16.87
ST loans and advances	2.27	2.1	1.79	0.0	0.0
Other current assets	0.0	0.0	0.0	1.86	4.16
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	1,749.0	1,487.1	1,810.2	2,432.4	2,486.1
Sales growth %	4.75	-14.98	21.73	34.37	2.21
Expenses +	1,751.5	1,466.2	1,765.4	2,364.4	2,404.3
Cost of goods	1,424.2	1,209.9	1,479.3	2,032.2	2,091.2
Employee cost	99.9	87.6	89.5	99.8	102.6
Other costs	118.8	77.8	112.2	133.8	131.4
Operating profit +	106.1	111.9	129.2	166.6	161.0
Operating margin %	6.1	7.5	7.1	6.8	6.5
Other income	9.5	27.4	4.2	20.9	18.4
Interest	41.2	20.5	20.0	41.2	23.5
Depreciation	67.3	70.5	64.3	57.4	55.6
Exceptional items	-	-	-	-	-
Profit before tax	7.1	48.3	49.0	88.9	100.2
Tax	4.7	-9.8	-8.8	34.4	54.5
Profit - disc. ops	-	-	-	-	-
Net profit	2.4	58.1	57.9	54.5	45.8
Net margin %	0.1	3.8	3.2	2.2	1.8

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.46	98.19	99.77	99.15	99.26
Expenses +	99.6	96.81	97.3	96.38	96.0
Cost of goods	80.99	79.89	81.53	82.84	83.5
Employee cost	5.68	5.78	4.93	4.07	4.1
Other costs	6.76	5.13	6.18	5.45	5.24
Operating profit	6.03	7.39	7.12	6.79	6.43
Other income	0.54	1.81	0.23	0.85	0.74
Interest	2.34	1.35	1.1	1.68	0.94
Depreciation	3.83	4.66	3.55	2.34	2.22
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	0.4	3.19	2.7	3.62	4.0
Tax	0.26	-0.65	-0.49	1.4	2.17
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	0.14	3.84	3.19	2.22	1.83

Revenue from operations

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	7.7	2.5	1.6	1.3	0.8
Net Debt/Equity	5.8	2.3	1.4	0.8	0.3
Total Debt/Assets	0.4	0.3	0.3	0.3	0.3
Total Assets/Equity	21.3	7.8	5.1	3.6	2.9
Liquidity +
Current Ratio	0.5	0.7	0.8	0.9	1.1
Quick Ratio	0.4	0.5	0.6	0.7	0.9
Interest Coverage	2.6	5.5	6.5	4.0	6.8
Performance
Gross Margin	18.6	18.6	18.3	16.4	15.9
Operating Margin	6.1	7.5	7.1	6.8	6.5
Net Margin	0.1	3.8	3.2	2.2	1.8
Return +
Return on Equity	6.2	59.4	37.2	22.2	15.7
Pre-tax ROCE	60.9	43.5	51.0	48.8	34.2
Return on Assets	0.3	7.6	7.3	6.1	5.5
Pre-tax ROIC	14.3	12.9	17.6	25.0	27.5
Efficiency +
Days Payable	109.0	108.0	83.0	48.0	42.0
Days Inventory	20.0	26.0	24.0	17.0	17.0
Days Receivable	50.0	70.0	65.0	48.0	43.0
Fixed Asset Turnover	4.3	4.8	6.6	8.4	9.4
Total Asset Turnover	2.1	1.9	2.3	2.7	3.0
Working Capital
Cash Conversion Cycle	-39.0	-12.0	6.0	17.0	18.0
Working Capital Days	-72.0	-53.0	-30.0	-10.0	6.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

Indian Overseas Bank

No. of Loans: 1

Total Amount : 95.0 cr

Charge Holder	Amount	Date of creation/modification
Indian Overseas Bank	95.0 cr	08 Mar, 2023

Charges

Indian Overseas Bank

People

Designation	Name	DIN/PAN	Tenure
Managing Director	Seong Tae Kim	01176232	12 years
Director	Sang Yeol Han	10363660	2 years
CS	Pankaj Kumar	<HIDDEN>	4 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address

Registered Details

CIN

U34300TN2002PTC048250

PAN

AAACH9909E

Incorporation

2002, 23.3 years

Company Email

young-ho.cha@hwashin.co.kr

Paid up Capital

₹ 395.0 Cr

Authorised Capital

₹ 400.0 Cr

AGM

Sep 2023

Type

Private

Non-government Company

FAQ - HWASHIN AUTOMOTIVE INDIA PRIVATE LIMITED

What is the incorporation date of HWASHIN AUTOMOTIVE INDIA PRIVATE LIMITED?

The incorporation date of HWASHIN AUTOMOTIVE INDIA PRIVATE LIMITED is 03 January, 2002

What is the authorized share capital of HWASHIN AUTOMOTIVE INDIA PRIVATE LIMITED?

The authorized share capital of HWASHIN AUTOMOTIVE INDIA PRIVATE LIMITED is INR ₹ 400.0 Cr.

What is the paid-up capital of HWASHIN AUTOMOTIVE INDIA PRIVATE LIMITED?

The paid-up capital of HWASHIN AUTOMOTIVE INDIA PRIVATE LIMITED is INR ₹ 395.0 Cr.

What is the registered address of HWASHIN AUTOMOTIVE INDIA PRIVATE LIMITED?

The registered address of HWASHIN AUTOMOTIVE INDIA PRIVATE LIMITED is PLOT F-65A,SIPCOT INDUSTRIALPARK,IRUNGATTUKOTTAI SRIPERUMBUDUR TALUK-602105 TAMIL NADU Tamil Nadu - 602105

What is the CIN number of HWASHIN AUTOMOTIVE INDIA PRIVATE LIMITED?

The CIN number of HWASHIN AUTOMOTIVE INDIA PRIVATE LIMITED is U34300TN2002PTC048250.

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Metalsa India Private Limited

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