Hanil Forging Industrial Co., Ltd is a Korea-based company engaged in the provision of components for automobiles and other industrial equipment. The Company provides three categories of products: automobile components, including axle shafts, spindles, ring gears, shafts, steering devices and other parts used for automobile transmission devices; defense products components such as warheads and airframes for tanks, warships and aircrafts, as well as other forging components used for ships, wind power equipment, aviation industry, industrial machines, agricultural machines and heavy equipment. The Company distributes its products within domestic market and to overseas market. As of December 31, 2011, the Company had two affiliated companies.