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    Hanjin Shipping Co LTD Bankruptcy Case Study - 0

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    Muhammad Yousuf Saleem
    Bankruptcy of One of the biggest Shipping Company of the world

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    © All Rights Reserved
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    Hanjin Shipping Co LTD Bankruptcy Case Study - 0

    Uploaded by

    Muhammad Yousuf Saleem
    113 views10 pages
    Bankruptcy of One of the biggest Shipping Company of the world

    Original Title

    Hanjin Shipping Co Ltd Bankruptcy Case Study_0

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    Bankruptcy of One of the biggest Shipping Company of the world

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    113 views10 pages

    Hanjin Shipping Co LTD Bankruptcy Case Study - 0

    Uploaded by

    Muhammad Yousuf Saleem
    Bankruptcy of One of the biggest Shipping Company of the world

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 10

    Hanjin Shipping Co.

    , Ltd has filed for bankruptcy


    protection!
    Heres what you might have seen for your
    portfolio in FRISK history report last month

    Monthly Average FRISK Scores

    Bankrupt

    (845) 230-3000 1
    [email protected]
    Heres what the Companys report detail shows

    (845) 230-3000 2
    [email protected]
    Lets take a closer look at our proprietary FRISK Score

    Hanjin Shippings FRISK score signaled prolonged


    financial trouble, and heightened risk, months
    before its bankruptcy filing, giving sufficient time
    to reduce any exposure to the Company!

    BK

    2015 2016

    (845) 230-3000 3
    [email protected]
    One of the inputs of the FRISK score is a companys stock
    market capitalization, adjusted for dividends, and its volatility
    over the course of a year
    this component is highly predictive!

    (845) 230-3000 4
    [email protected]
    plus looking at our News Alerts you would have seen
    Creditors end
    support for
    Hanjin Shipping
    Co., Ltd

    2016 Q2 filing -
    Net income
    decreases
    326.42% to Hanjin Shipping
    (216.67) billion delays paying 600 to
    Won, compared 700 billion won worth
    with net income of chartering fees, port
    93.93 billion a usage fees, and fuel
    year ago expenses due to cash
    shortage

    Hanjin
    Shipping fails
    to conclude 2016 Q1 filing -
    negotiations Net income
    with foreign decreases
    ship owners & 2,899.41% to
    creditors to (261.17) billion
    lower charter Won, compared
    fees and with net income of
    prolong 9.34 billion a year
    deadlines for ago
    financing

    Hanjin Shipping
    sells ships for
    financial liquidity
    Company applies
    for a creditor-led
    debt restructuring

    Hanjin Shipping Co.


    is seeking to put
    itself under a
    creditor-led
    2015 Q3 filing - restructuring
    Operating income
    decreases
    134.30% to
    (19.74) billion 2015 Q4 filing - Net
    Won, compared loss of 185.95 billion
    with operating Won, an increase of
    income of 57.57 302.49% compared
    billion Won for with the same period
    the same period last year
    last year

    (845) 230-3000 5
    [email protected]
    Lets take a look at the FRISK Stress Index and the
    riskiest companies within the industry Hanjin Shipping
    Co., Ltd operates in

    (845) 230-3000 6
    [email protected]
    need more depth? Look at the Quarterly Performance Ratios
    Operating margin in the red for four consecutive
    quarters

    (845) 230-3000 7
    [email protected]
    need more depth? Look at the Quarterly Leverage Ratios

    Hanjins total assets declines sharply

    (845) 230-3000 8
    [email protected]
    need more depth? Look at the Quarterly Liquidity Ratios
    and Rates of Return

    56% drop in cash in a year

    (845) 230-3000 9
    [email protected]
    need more depth? Look at the Peer Analysis

    Bottom quartile in
    majority of the
    ratios (shown in
    red) vs. Water
    Transportation
    peers

    (845) 230-3000 10
    [email protected]

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