MIRA INFORM REPORT

Report Date :

05.01.2012

IDENTIFICATION DETAILS

Name :	EMINENT LUGGAGE CORPORATION
Registered Office :	No.40, Jhongshan 9th St., Gueiren Township, Tainan County
Country :	Taiwan
Financials (as on) :	31.12.2010
Date of Incorporation :	25.04.1976
Legal Form :	Public Independent Company
Line of Business :	manufacture, processing and sale of luggage cases and bags
No. of Employees :	2215

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Taiwan	a2	a2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name & address

Eminent Luggage Corporation

No.40, Jhongshan 9th St.,

Gueiren Township, Tainan County,

Taiwan

Tel: 886-6-2303952

Fax: 886-6-2399427

Web: www.eminent.com

Synthesis

Employees: 2,215

Company Type: Public Independent

Traded: Gre Tai Security Market: 9950

Incorporation Date: 25-Apr-1976

Auditor: Ernst & Young LLP

Financials in: USD (Millions)

Fiscal Year End: 31-Dec-2010

Reporting Currency: Taiwanese New Dollar

Annual Sales: 92.6 1

Net Income: 2.0

Total Assets: 67.6 2

Market Value: 26.1

(16-Dec-2011)

Business Description

Eminent Luggage Corporation is a Taiwan-based company principally engaged in the manufacture, processing and sale of luggage cases and bags. The Company's offerings include acrylonitrile butadiene styrene (ABS)/polycarbonate (PC) hard-sided cases, polypropylene (PP) injection cases, soft-sided cases, handbags, computer bags and backpacks. During the year ended December 31, 2010, the Company obtained approximately 62.02%, 28.50%, 0.88% and 8.60% of its total revenue from its ABS/PC hard-sided cases, soft-sided cases, PP injection cases and other products, respectively. The Company distributes its products primarily to overseas markets, including Japan, Southeast Asia, Europe, the Americas and the Middle East. Eminent Luggage Corp is principally engaged in the manufacture, processing and sale of luggage cases and bags. The Company's offerings include acrylonitrile butadiene styrene (ABS)/polycarbonate (PC) hard-sided cases, polypropylene (PP) injection cases, soft-sided cases, handbags, computer bags and backpacks. The Company distributes its products primarily to overseas markets, including Japan, Southeast Asia, Europe and the Americas.

Industry

Industry Apparel and Accessories

ANZSIC 2006: 1320 - Leather Tanning, Fur Dressing and Leather Product Manufacturing

NACE 2002: 1920 - Manufacture of luggage, handbags and the like, saddlery and harness

NAICS 2002: 316991 - Luggage Manufacturing

UK SIC 2003: 1920 - Manufacture of luggage, handbags and the like, saddlery and harness

US SIC 1987: 3161 - Luggage

Key Executives

Name	Title
Tianjin Li	Assistant General Manager-Finance
Yuzhu Xie	Deputy General Manager-Administration
Ziwen Zheng	Deputy General Manager-Sales Business
Peiyuan Cai	Director
Pengju Lu	Independent Director

Significant Developments

Topic	#*	Most Recent Headline	Date
Dividends	2	Eminent Luggage Corp. Announces FY 2010 Dividend Payment Date	21-Jun-2011

* number of significant developments within the last 12 months

Financial Summary

As of 30-Sep-2011

Key Ratios Company Industry

Current Ratio (MRQ) 1.05 2.75

Quick Ratio (MRQ) 0.67 1.45

Debt to Equity (MRQ) 1.18 0.52

Sales 5 Year Growth 9.64 10.05

Net Profit Margin (TTM) % 2.41 7.39

Return on Assets (TTM) % 3.61 7.59

Return on Equity (TTM) % 10.97 15.09

Stock Snapshot

Traded: Gre Tai Security Market: 9950

As of 16-Dec-2011

   Financials in: TWD

Recent Price	17.80	EPS	1.45
52 Week High	25.90	Price/Sales	0.27
52 Week Low	16.60	Dividend Rate	1.27
Avg. Volume (mil)	0.0000	Price/Earnings	9.87
Market Value (mil)	792.46	Price/Book	1.15
		Beta	0.39

	Price % Change	Rel S&P 500%
4 Week	-3.26%	3.13%
13 Week	-3.78%	7.46%
52 Week	1.14%	30.91%
Year to Date	-1.11%	30.77%

1 - Profit & Loss Item Exchange Rate: USD 1 = TWD 31.49704

2 - Balance Sheet Item Exchange Rate: USD 1 = TWD 29.1565

Corporate Overview

Location

No.40, Jhongshan 9th St.,

Gueiren Township, Tainan County, Taiwan

Tel: 886-6-2303952

Fax: 886-6-2399427

Web: www.eminent.com

Quote Symbol - Exchange

9950 - Gre Tai Security Market

Sales TWD(mil): 2,915.6

Assets TWD(mil): 1,969.5

Employees: 2,215

Fiscal Year End: 31-Dec-2010

Industry: Apparel and Accessories

Incorporation Date: 25-Apr-1976

Company Type: Public Independent

Quoted Status: Quoted

Chairman of the Board,

General Manager: Mingzhen Xie

Company Web Links

· Company Contact/E-mail

· Corporate History/Profile

· Home Page

· Products/Services

Contents

· Industry Codes

· Business Description

· Financial Data

· Market Data

· Subsidiaries

· Key Corporate Relationships

Industry Codes

ANZSIC 2006 Codes:

1333 - Cut and Sewn Textile Product Manufacturing

1320 - Leather Tanning, Fur Dressing and Leather Product Manufacturing

NACE 2002 Codes:

1920 - Manufacture of luggage, handbags and the like, saddlery and harness

1740 - Manufacture of made-up textile articles, except apparel

NAICS 2002 Codes:

314911 - Textile Bag Mills

316991 - Luggage Manufacturing

US SIC 1987:

3161 - Luggage

2393 - Textile Bags

UK SIC 2003:

1920 - Manufacture of luggage, handbags and the like, saddlery and harness

17402 - Manufacture of canvas goods, sacks, etc

Business Description

Eminent Luggage Corporation is a Taiwan-based company principally engaged in the manufacture, processing and sale of luggage cases and bags. The Company's offerings include acrylonitrile butadiene styrene (ABS)/polycarbonate (PC) hard-sided cases, polypropylene (PP) injection cases, soft-sided cases, handbags, computer bags and backpacks. During the year ended December 31, 2010, the Company obtained approximately 62.02%, 28.50%, 0.88% and 8.60% of its total revenue from its ABS/PC hard-sided cases, soft-sided cases, PP injection cases and other products, respectively. The Company distributes its products primarily to overseas markets, including Japan, Southeast Asia, Europe, the Americas and the Middle East. Eminent Luggage Corp is principally engaged in the manufacture, processing and sale of luggage cases and bags. The Company's offerings include acrylonitrile butadiene styrene (ABS)/polycarbonate (PC) hard-sided cases, polypropylene (PP) injection cases, soft-sided cases, handbags, computer bags and backpacks. The Company distributes its products primarily to overseas markets, including Japan, Southeast Asia, Europe and the Americas.

More Business Descriptions

Manufacture and sale of luggage cases and bags.

Financial Data

Financials in:	TWD(mil)
Revenue:	2,915.6
Net Income:	62.7
Assets:	1,969.5
Long Term Debt:	54.7
Total Liabilities:	1,282.5
Working Capital:	0.2
Date of Financial Data:	31-Dec-2010

1 Year Growth

28.5%

-20.9%

20.2%

Market Data

Quote Symbol:	9950
Exchange:	Gre Tai Security Market
Currency:	TWD
Stock Price:	17.8
Stock Price Date:	12-16-2011
52 Week Price Change %:	1.1
Market Value (mil):	792,456.0
SEDOL:	6736934
ISIN:	TW0009950006
Equity and Dept Distribution:
FY'06 B/S & CF/S are CLA & RES. FY'09 I/S Q3 is being CLA. FY'10 I/S is being CLA.

Subsidiaries

Company	Percentage Owned	Country
Eminent Luggage Limited	100%	PEOPLE'S REPUBLIC OF CHINA

\\vivek\d\Eminent Luggage Corporation.htm - _Top45982979

Key Corporate Relationships

Auditor:	Ernst & Young LLP
Auditor:	Diwan, Ernst & Young, Ernst & Young LLP

\\vivek\d\Eminent Luggage Corporation.htm - _Top45982979

Executive report

Board of Directors

Name	Title	Function
Mingzhen Xie	Chairman of the Board, General Manager	Chairman
Reuters Biography (Eminent Luggage Corporation) Mr. Xie Mingzhen has been Chairman of the Board and General Manager in Eminent Luggage Corp. since June 1, 1998. He also serves as Chairman of the Board in three other companies including Eminent Luggage Limited (BVI).
Peiyuan Cai	Director	Director/Board Member
Reuters Biography (Eminent Luggage Corporation) Cai Peiyuan has been Director in Eminent Luggage Corp. since June 19, 2009. Cai is also Deputy General Manager of a Dongguan-based company.
Pengju Lu	Independent Director	Director/Board Member
Reuters Biography (Eminent Luggage Corporation) Lu Pengju has been Independent Director in Eminent Luggage Corp. since June 19, 2009. Lu is a Professor of National Cheng Kung University, Taiwan and Director in National Aerospace Fasteners Corporation. Lu received a Ph.D. in Aerospace Mechanical from Princeton University, the United States. PHD , Princeton University
Mingshan Xie	Director	Director/Board Member
Reuters Biography (Eminent Luggage Corporation) Mr. Xie Mingshan has been Director in Eminent Luggage Corp. since June 2000. He holds a Ph.D. in Teaching from University of Louisiana, the United States. He is Chairman of the Board in an investment company. PHD Teaching, University of Louisiana
Shuangxi Zhuang	Independent Director	Director/Board Member
Reuters Biography (Eminent Luggage Corporation) Zhuang Shuangxi has been Independent Director in Eminent Luggage Corp. since June 19, 2009. Zhuang is also Professor of National Cheng Kung University, Taiwan and Independent Director in FU CHUN SHIN MACHINERY MANUFACTURE CO., LTD. Zhuang holds a Ph.D. in Economics from Illinois State University, the United States. PHD Economics, Illinois State University

Executives

Name	Title	Function
Tianjin Li	Assistant General Manager-Finance	Division Head Executive
Mingzhen Xie	Chairman of the Board, General Manager	Division Head Executive
Reuters Biography (Eminent Luggage Corporation) Mr. Xie Mingzhen has been Chairman of the Board and General Manager in Eminent Luggage Corp. since June 1, 1998. He also serves as Chairman of the Board in three other companies including Eminent Luggage Limited (BVI).
Yuzhu Xie	Deputy General Manager-Administration	Other
Ziwen Zheng	Deputy General Manager-Sales Business	Other

Significant Developments

Eminent Luggage Corp. Announces FY 2010 Dividend Payment Date Jun 21, 2011

Eminent Luggage Corp. announced that it will pay cash dividends of NTD 56,540,400 in total to shareholders of record on July 18, 2011. The Company's shares will be traded ex-dividend on July 12, 2011.

Eminent Luggage Corp. Announces FY 2010 Dividend Payment Mar 21, 2011

Eminent Luggage Corp. announced that it will pay a cash dividend of NTD 1.27 per share, or NTD 56,540,400 in total to shareholders for fiscal year 2010.

Annual Income Statement

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2010	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified
Gross Revenue	94.3	70.1	79.2	69.4	63.9
Sales Returns and Allowances	-1.7	-1.4	-1.6	-1.3	-1.2
Revenue	92.6	68.7	77.7	68.1	62.8
Total Revenue	92.6	68.7	77.7	68.1	62.8
Cost of Revenue	76.8	55.2	65.4	57.0	52.3
Cost of Revenue, Total	76.8	55.2	65.4	57.0	52.3
Gross Profit	15.7	13.5	12.3	11.1	10.4
Selling/General/Administrative Expense	12.2	10.2	11.0	9.7	9.5
Total Selling/General/Administrative Expenses	12.2	10.2	11.0	9.7	9.5
Research & Development	0.4	0.4	0.4	0.4	0.4
Total Operating Expense	89.5	65.8	76.8	67.1	62.2
Operating Income	3.1	2.9	0.9	1.0	0.6
Interest Expense - Non-Operating	-0.2	-0.2	-0.4	-0.4	-0.3
Interest Expense, Net Non-Operating	-0.2	-0.2	-0.4	-0.4	-0.3
Interest Income - Non-Operating	0.1	0.0	0.1	0.1	0.1
Investment Income - Non-Operating	-0.8	0.2	0.0	0.4	0.1
Interest/Investment Income - Non-Operating	-0.8	0.2	0.0	0.5	0.2
Interest Income (Expense) - Net Non-Operating Total	-1.0	0.0	-0.4	0.1	-0.2
Gain (Loss) on Sale of Assets	-0.1	0.0	-0.1	0.0	0.0
Other Non-Operating Income (Expense)	0.6	0.5	1.0	0.6	0.6
Other, Net	0.6	0.5	1.0	0.6	0.6
Income Before Tax	2.6	3.4	1.5	1.8	1.0
Total Income Tax	0.6	1.0	0.5	0.5	0.4
Income After Tax	2.0	2.5	0.9	1.3	0.7
Minority Interest	0.0	-0.1	0.4	0.4	0.4
Net Income Before Extraord Items	2.0	2.4	1.3	1.7	1.1
Accounting Change	-	-	-	0.0	0.1
Total Extraord Items	-	-	-	0.0	0.1
Net Income	2.0	2.4	1.3	1.7	1.1
Income Available to Common Excl Extraord Items	2.0	2.4	1.3	1.7	1.1
Income Available to Common Incl Extraord Items	2.0	2.4	1.3	1.7	1.1
Basic/Primary Weighted Average Shares	44.5	44.5	44.5	44.5	44.5
Basic EPS Excl Extraord Items	0.04	0.05	0.03	0.04	0.02
Basic/Primary EPS Incl Extraord Items	0.04	0.05	0.03	0.04	0.03
Diluted Net Income	2.0	2.4	1.3	1.7	1.1
Diluted Weighted Average Shares	44.9	45.0	44.9	44.5	44.5
Diluted EPS Excl Extraord Items	0.04	0.05	0.03	0.04	0.02
Diluted EPS Incl Extraord Items	0.04	0.05	0.03	0.04	0.03
Dividends per Share - Common Stock Primary Issue	0.04	0.05	0.03	0.03	0.02
Gross Dividends - Common Stock	1.8	2.2	1.2	1.4	0.9
Interest Expense, Supplemental	0.2	0.2	0.4	0.4	0.3
Depreciation, Supplemental	1.7	1.6	1.5	1.4	1.2
Total Special Items	0.1	0.0	0.1	0.0	0.0
Normalized Income Before Tax	2.7	3.4	1.5	1.8	1.0
Effect of Special Items on Income Taxes	0.0	0.0	0.0	0.0	0.0
Inc Tax Ex Impact of Sp Items	0.6	0.9	0.6	0.5	0.4
Normalized Income After Tax	2.1	2.5	1.0	1.3	0.7
Normalized Inc. Avail to Com.	2.1	2.4	1.4	1.7	1.1
Basic Normalized EPS	0.05	0.05	0.03	0.04	0.02
Diluted Normalized EPS	0.05	0.05	0.03	0.04	0.02
Amort of Intangibles, Supplemental	0.0	0.0	0.1	0.1	0.2
Research & Development Exp, Supplemental	0.4	0.4	0.4	0.4	0.4
Normalized EBIT	3.1	2.9	0.9	1.0	0.6
Normalized EBITDA	4.8	4.5	2.4	2.5	1.9
Current Tax - Total	0.3	0.2	0.4	0.4	0.3
Current Tax - Total	0.3	0.2	0.4	0.4	0.3
Deferred Tax - Total	-0.1	0.1	-0.3	-0.3	-0.3
Deferred Tax - Total	-0.1	0.1	-0.3	-0.3	-0.3
Other Tax	0.4	0.6	0.5	0.4	0.4
Income Tax - Total	0.6	1.0	0.5	0.5	0.4
Interest Cost - Domestic	0.0	0.0	0.0	0.0	0.1
Service Cost - Domestic	0.0	0.0	0.1	0.1	0.1
Expected Return on Assets - Domestic	0.0	0.0	0.0	0.0	0.0
Actuarial Gains and Losses - Domestic	0.0	0.0	0.0	0.0	0.1
Transition Costs - Domestic	0.0	0.0	0.0	0.0	0.0
Domestic Pension Plan Expense	0.1	0.1	0.2	0.2	0.2
Defined Contribution Expense - Domestic	0.1	0.1	-	-	-
Total Pension Expense	0.2	0.2	0.2	0.2	0.2
Discount Rate - Domestic	2.00%	2.25%	2.50%	3.00%	2.75%
Expected Rate of Return - Domestic	2.00%	2.25%	2.50%	3.00%	2.75%
Compensation Rate - Domestic	1.00%	1.00%	1.00%	2.00%	2.00%
Total Plan Interest Cost	0.0	0.0	0.0	0.0	0.1
Total Plan Service Cost	0.0	0.0	0.1	0.1	0.1
Total Plan Expected Return	0.0	0.0	0.0	0.0	0.0

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Reclassified Normal 31-Dec-2007
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	29.1565	31.985	32.818	32.4345	32.585
Auditor	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified
Cash & Equivalents	10.3	7.8	7.4	6.9	5.6
Short Term Investments	1.5	3.2	1.2	1.3	0.8
Cash and Short Term Investments	11.8	11.1	8.6	8.2	6.5
Accounts Receivable - Trade, Gross	19.0	10.8	12.2	9.5	7.9
Provision for Doubtful Accounts	-0.3	-0.1	-0.1	-0.1	-0.1
Trade Accounts Receivable - Net	18.7	10.7	12.0	9.4	7.8
Notes Receivable - Short Term	0.2	0.2	0.1	0.2	0.2
Total Receivables, Net	18.9	10.8	12.1	9.5	7.9
Inventories - Finished Goods	4.9	3.1	5.4	4.0	3.4
Inventories - Work In Progress	5.4	2.2	2.4	3.4	3.5
Inventories - Raw Materials	5.8	3.6	3.6	3.8	4.0
Inventories - Other	-1.0	-1.0	-1.3	-1.3	-1.0
Total Inventory	15.2	7.9	10.2	9.9	9.8
Prepaid Expenses	-	0.0	-	-	-
Restricted Cash - Current	0.0	1.5	0.0	-	-
Deferred Income Tax - Current Asset	0.1	0.1	0.1	0.1	0.1
Other Current Assets	0.3	0.3	0.1	0.4	0.3
Other Current Assets, Total	0.4	1.9	0.2	0.5	0.4
Total Current Assets	46.3	31.7	31.1	28.2	24.6
Buildings	12.6	12.1	11.5	10.9	10.1
Land/Improvements	5.2	5.1	4.9	5.0	5.0
Machinery/Equipment	21.8	18.3	17.6	15.4	13.6
Construction in Progress	0.1	0.0	0.3	0.0	0.3
Property/Plant/Equipment - Gross	39.7	35.6	34.3	31.3	28.9
Accumulated Depreciation	-20.1	-17.7	-16.8	-14.9	-13.1
Property/Plant/Equipment - Net	19.6	17.8	17.5	16.3	15.8
Intangibles - Gross	1.0	1.0	1.0	0.9	0.9
Accumulated Intangible Amortization	-0.3	-0.3	-0.2	-0.2	-0.2
Intangibles, Net	0.8	0.7	0.8	0.8	0.8
Deferred Charges	-	0.0	-	-	-
Pension Benefits - Overfunded	0.1	0.1	0.1	0.1	0.2
Deferred Income Tax - Long Term Asset	0.6	0.6	0.9	0.6	0.3
Other Long Term Assets	0.3	0.2	0.1	0.2	0.3
Other Long Term Assets, Total	0.9	1.0	1.1	1.0	0.8
Total Assets	67.6	51.2	50.5	46.3	41.9
Accounts Payable	16.4	9.8	10.5	9.8	5.9
Accrued Expenses	3.9	3.5	2.9	2.6	2.6
Notes Payable/Short Term Debt	18.7	11.4	11.4	8.9	9.3
Income Taxes Payable	0.3	0.2	0.3	0.4	0.3
Other Current Liabilities	0.9	0.5	1.2	0.2	0.5
Other Current liabilities, Total	1.2	0.7	1.6	0.6	0.8
Total Current Liabilities	40.2	25.4	26.4	21.9	18.6
Long Term Debt	1.9	1.9	-	-	-
Total Long Term Debt	1.9	1.9	0.0	0.0	0.0
Total Debt	20.6	13.2	11.4	8.9	9.3
Minority Interest	-	0.0	1.9	2.1	2.3
Pension Benefits - Underfunded	1.5	1.0	0.9	1.2	1.2
Other Long Term Liabilities	0.4	0.4	0.4	0.3	0.3
Other Liabilities, Total	1.9	1.4	1.3	1.5	1.5
Total Liabilities	44.0	28.7	29.5	25.5	22.4
Common Stock	15.3	13.9	13.6	13.7	13.7
Common Stock	15.3	13.9	13.6	13.7	13.7
Additional Paid-In Capital	1.7	1.6	1.5	1.5	1.5
Retained Earnings (Accumulated Deficit)	6.3	6.0	4.6	4.9	4.2
Translation Adjustment	0.6	1.0	1.3	0.8	0.3
Minimum Pension Liability Adjustment	-0.3	0.0	0.0	-0.2	-0.2
Other Equity, Total	0.3	1.0	1.3	0.6	0.1
Total Equity	23.6	22.5	20.9	20.8	19.5
Total Liabilities & Shareholders’ Equity	67.6	51.2	50.5	46.3	41.9
Shares Outstanding - Common Stock Primary Issue	44.5	44.5	44.5	44.5	44.5
Total Common Shares Outstanding	44.5	44.5	44.5	44.5	44.5
Treasury Shares - Common Stock Primary Issue	0.0	0.0	0.0	0.0	-
Employees	2,218	1,644	1,774	2,055	1,950
Number of Common Shareholders	-	768	619	652	675
Accumulated Intangible Amort, Suppl.	0.3	0.3	0.2	0.2	0.2
Total Operating Leases, Supplemental	1.0	0.8	0.7	0.5	0.8
Operating Lease Payments Due in Year 1	0.5	0.4	0.4	0.3	0.4
Operating Lease Payments Due in Year 2	-	0.2	0.2	0.1	0.3
Operating Lease Payments Due in Year 3	-	0.2	0.1	-	0.2
Operating Lease Pymts. Due in 2-3 Years	-	0.4	0.3	0.1	0.5
Oper. Lse. Pymts. Due in Year 6 & Beyond	0.5	0.0	0.0	0.0	0.0
Pension Obligation - Domestic	1.8	1.3	1.2	1.4	1.4
Plan Assets - Domestic	0.1	0.1	0.1	0.0	0.0
Funded Status - Domestic	-1.7	-1.2	-1.0	-1.4	-1.4
Accumulated Obligation - Domestic	1.6	1.2	1.0	1.2	1.2
Total Funded Status	-1.7	-1.2	-1.0	-1.4	-1.4
Discount Rate - Post-Retirement	2.00%	2.25%	2.50%	3.00%	2.75%
Expected Rate of Return - Domestic	2.00%	2.25%	2.50%	3.00%	2.75%
Compensation Rate - Domestic	1.00%	1.00%	1.00%	2.00%	2.00%
Prepaid Benefits - Domestic	0.1	0.1	0.1	0.1	0.2
Accrued Liabilities - Domestic	-1.5	-1.0	-0.9	-1.2	-1.2
Net Assets Recognized on Balance Sheet	-1.4	-1.0	-0.9	-1.0	-1.0
Total Plan Obligations	1.8	1.3	1.2	1.4	1.4
Total Plan Assets	0.1	0.1	0.1	0.0	0.0

Annual Cash Flows

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Restated Normal 31-Dec-2007
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified
Net Income/Starting Line	2.0	2.5	0.9	1.3	0.7
Depreciation	1.7	1.6	1.5	1.4	1.3
Depreciation/Depletion	1.7	1.6	1.5	1.4	1.3
Amortization of Intangibles	0.0	0.0	0.1	0.1	0.1
Amortization	0.0	0.0	0.1	0.1	0.1
Deferred Taxes	0.0	0.3	-0.3	-0.3	-0.3
Unusual Items	0.1	0.0	0.1	0.0	0.0
Other Non-Cash Items	0.0	-0.1	0.4	0.4	0.4
Non-Cash Items	0.1	-0.1	0.4	0.4	0.4
Accounts Receivable	-6.5	1.5	-2.8	-1.5	0.2
Inventories	-6.0	2.5	-0.4	-0.1	-1.5
Other Assets	1.9	-2.1	0.5	-0.7	0.8
Accounts Payable	5.2	-0.9	0.9	3.8	1.1
Accrued Expenses	0.1	0.5	0.4	0.0	0.3
Taxes Payable	0.1	-0.2	-0.1	0.1	-0.1
Other Liabilities	0.8	-1.3	0.4	-2.0	-0.1
Changes in Working Capital	-4.4	0.0	-1.2	-0.3	0.6
Cash from Operating Activities	-0.5	4.3	1.4	2.5	2.8
Purchase of Fixed Assets	-3.1	-1.5	-2.3	-1.4	-1.6
Purchase/Acquisition of Intangibles	0.0	0.0	0.0	0.0	0.0
Capital Expenditures	-3.1	-1.5	-2.3	-1.4	-1.6
Sale of Fixed Assets	0.3	0.0	0.0	0.0	0.0
Other Investing Cash Flow	1.5	-1.6	0.1	0.1	-0.1
Other Investing Cash Flow Items, Total	1.9	-1.6	0.1	0.1	-0.1
Cash from Investing Activities	-1.3	-3.0	-2.2	-1.3	-1.8
Other Financing Cash Flow	0.0	0.0	-0.3	-0.3	-0.5
Financing Cash Flow Items	0.0	0.0	-0.3	-0.3	-0.5
Cash Dividends Paid - Common	-2.3	-1.1	-1.4	-0.9	-1.4
Total Cash Dividends Paid	-2.3	-1.1	-1.4	-0.9	-1.4
Short Term Debt, Net	5.6	0.0	3.3	1.3	0.4
Issuance (Retirement) of Debt, Net	5.6	0.0	3.3	1.3	0.4
Cash from Financing Activities	3.4	-1.1	1.6	0.1	-1.6
Foreign Exchange Effects	-0.1	0.0	-0.3	-0.1	0.0
Net Change in Cash	1.6	0.2	0.6	1.2	-0.5
Net Cash - Beginning Balance	7.9	7.4	7.1	5.6	6.2
Net Cash - Ending Balance	9.5	7.6	7.7	6.8	5.7
Cash Interest Paid	0.2	0.4	0.4	0.4	0.3
Cash Taxes Paid	0.5	0.9	0.9	0.7	0.8

Annual Income Statement

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2010	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified
Sales	94.3	70.1	79.2	69.4	63.9
Sales Return & Allow	-1.7	-1.4	-1.6	-1.3	-1.2
Total Revenue	92.6	68.7	77.7	68.1	62.8
Cost of Sales	76.8	55.2	65.5	56.8	52.4
Selling Expenses	8.5	6.9	7.7	7.0	6.9
Gen. & Admin. Exp.	3.8	3.3	3.3	2.7	2.6
Research and Development Expenses	0.4	0.4	0.4	0.4	0.4
Gain from Revaluation of Inventory	-	-	-0.1	0.0	-0.1
Inventory Devaluation & Obsolescence	-	-	0.0	0.2	-
Total Operating Expense	89.5	65.8	76.8	67.1	62.2
Interest Income	0.1	0.0	0.1	0.1	0.1
Dividend Income	0.0	0.0	0.1	0.0	0.0
Gains on Disposal of Fixed Assets	0.0	0.0	0.0	0.0	0.0
Exchange Gain	-	-	0.3	0.0	0.0
Gain on Financila Assets Revaluation	0.1	0.3	0.0	0.4	0.1
Other Non-ops. Inc.	0.6	0.6	1.0	0.6	0.7
Interest Expenses	-0.2	-0.2	-0.4	-0.4	-0.3
Loss on Disposal of Fixed Assets	-0.1	0.0	-0.1	0.0	0.0
Exchange Loss	-1.0	-0.1	-	0.0	0.0
Loss on Financila Assets Revaluation	-	-	-0.4	0.0	-
Loss on Financial Liabilities Revaluatio	-	-	-	0.0	0.0
Finance Expense	0.0	0.0	0.0	0.0	0.0
Other Non-ops. Exp	0.0	-0.1	0.0	0.0	0.0
Net Income Before Taxes	2.6	3.4	1.5	1.8	1.0
Provision for Income Taxes	0.6	1.0	0.5	0.5	0.4
Net Income After Taxes	2.0	2.5	0.9	1.3	0.7
Minority Int.	0.0	-0.1	0.4	0.4	0.4
Net Income Before Extra. Items	2.0	2.4	1.3	1.7	1.1
Accounting Change	-	-	-	0.0	0.1
Net Income	2.0	2.4	1.3	1.7	1.1
Income Available to Com Excl ExtraOrd	2.0	2.4	1.3	1.7	1.1
Income Available to Com Incl ExtraOrd	2.0	2.4	1.3	1.7	1.1
Basic Weighted Average Shares	44.5	44.5	44.5	44.5	44.5
Basic EPS Excluding ExtraOrdinary Items	0.04	0.05	0.03	0.04	0.02
Basic EPS Including ExtraOrdinary Items	0.04	0.05	0.03	0.04	0.03
Diluted Net Income	2.0	2.4	1.3	1.7	1.1
Diluted Weighted Average Shares	44.9	45.0	44.9	44.5	44.5
Diluted EPS Excluding ExtraOrd Items	0.04	0.05	0.03	0.04	0.02
Diluted EPS Including ExtraOrd Items	0.04	0.05	0.03	0.04	0.03
DPS-Common Stock	0.04	0.05	0.03	0.03	0.02
Gross Dividends - Common Stock	1.8	2.2	1.2	1.4	0.9
Normalized Income Before Taxes	2.7	3.4	1.5	1.8	1.0
Inc Tax Ex Impact of Sp Items	0.6	0.9	0.6	0.5	0.4
Normalized Income After Taxes	2.1	2.5	1.0	1.3	0.7
Normalized Inc. Avail to Com.	2.1	2.4	1.4	1.7	1.1
Basic Normalized EPS	0.05	0.05	0.03	0.04	0.02
Diluted Normalized EPS	0.05	0.05	0.03	0.04	0.02
R&D Expense, Supplemental	0.4	0.4	0.4	0.4	0.4
Interest Expense	0.2	0.2	0.4	0.4	0.3
Finance Expense	0.0	0.0	0.0	0.0	-
Depreciation - Operating Cost	1.3	1.2	1.1	1.0	0.9
Depreciation - Operating Expense	0.4	0.4	0.4	0.4	0.3
Amortization - Operating Cost	0.0	0.0	0.0	0.0	0.0
Amortization - Operating Expense	0.0	0.0	0.0	0.0	0.2
Current Tax	0.3	0.2	0.4	0.4	0.3
Current Tax - Total	0.3	0.2	0.4	0.4	0.3
Deferred Tax	-0.1	0.1	-0.3	-0.3	-0.3
Deferred Tax - Total	-0.1	0.1	-0.3	-0.3	-0.3
Other Tax	0.4	0.6	0.5	0.4	0.4
Income Tax - Total	0.6	1.0	0.5	0.5	0.4
Service Cost	0.0	0.0	0.1	0.1	0.1
Interest Cost	0.0	0.0	0.0	0.0	0.1
Expected Return on Plan Assets	0.0	0.0	0.0	0.0	0.0
Amort. of Unrecognized Transitional Cost	0.0	0.0	0.0	0.0	0.0
Amort. of Actuarial Gain/Loss	0.0	0.0	0.0	0.0	0.1
Domestic Pension Plan Expense	0.1	0.1	0.2	0.2	0.2
Defined Contribution Expense - Domestic	0.1	0.1	-	-	-
Total Pension Expense	0.2	0.2	0.2	0.2	0.2
Discount Rate	2.00%	2.25%	2.50%	3.00%	2.75%
Rate of Compensation Increase	1.00%	1.00%	1.00%	2.00%	2.00%
Expected Rate of Return on Plan Assets	2.00%	2.25%	2.50%	3.00%	2.75%

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Reclassified Normal 31-Dec-2007
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	29.1565	31.985	32.818	32.4345	32.585
Auditor	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified
Cash and Cash Equivalent	10.3	7.8	7.4	6.9	5.6
Financial Assets At Fair Value- Current	0.8	3.0	1.0	1.2	0.5
Notes Receivable	0.2	0.2	0.1	0.2	0.2
Accounts Receivable, Gross	14.0	9.2	12.2	9.5	7.9
Assured Accounts Receivable	4.9	1.5	-	-	-
Provision for Doubtful Accounts	-0.3	-0.1	-0.1	-0.1	-0.1
Other Financial Assets - Current	0.7	0.2	0.2	0.2	0.3
Merchandise	1.9	1.3	2.0	1.6	1.2
Raw Materials	5.3	2.9	3.2	3.4	3.6
Supplies	0.5	0.7	0.4	0.4	0.4
Work-in-Process	5.4	2.2	2.4	3.4	3.5
Finished Goods	3.0	1.8	3.5	2.4	2.1
Provision/Allowance for Inventory	-1.0	-1.0	-1.3	-1.3	-1.0
Prepayment	-	0.0	-	-	-
Deferred Income Tax Assets - Current	0.1	0.1	0.1	0.1	0.1
Restricted Assets	0.0	1.5	0.0	-	-
Other Current Assets	0.3	0.3	0.1	0.4	0.3
Total Current Assets	46.3	31.7	31.1	28.2	24.6
Land and Improvements	-	-	4.9	5.0	5.0
Land	5.2	5.1	-	-	-
Buildings and Structures	11.6	11.0	10.6	10.1	9.5
Machinery Equipment	14.2	11.5	10.7	9.2	8.0
Mould Equipment	3.7	3.3	3.2	2.9	2.6
Utilities Equipment	2.1	1.9	1.8	1.5	1.3
Transportation Equipment	0.6	0.6	0.6	0.5	0.5
Office Equipment	0.7	0.6	0.6	0.6	0.6
Leasehold Improvement	1.0	1.1	0.9	0.7	0.6
Miscellaneous Equipment	0.6	0.5	0.7	0.6	0.6
Accumulated Depreciation	-20.1	-17.7	-16.8	-14.9	-13.1
Construction in Progress	-	-	-	0.0	0.0
Prepayment for Equipment	0.1	0.0	0.3	0.0	0.2
Computer Software	0.0	0.0	0.0	0.0	0.1
Deferred Pension Cost	0.1	0.1	0.1	0.1	0.2
Land Use Right, Gross	1.0	1.0	1.0	0.9	0.9
Accumulated Intangible Amortization	-0.3	-0.3	-0.2	-0.2	-0.2
Security Deposits Paid	0.3	0.2	0.1	0.2	0.3
Deferred Charges	-	0.0	-	-	-
Deferred Income Tax Assets - Non Current	0.6	0.6	0.9	0.6	0.3
Total Assets	67.6	51.2	50.5	46.3	41.9
Short Term Borrowings	15.6	9.9	9.7	6.5	5.5
Short Term Notes Payable	2.4	0.9	0.9	0.9	0.6
Notes Payable	0.7	0.5	0.8	1.5	3.3
Accounts Payable	16.4	9.8	10.5	9.8	5.9
Income Taxes Payable	0.3	0.2	0.3	0.4	0.3
Accrued Expenses	3.9	3.5	2.9	2.6	2.6
Other Current Liabilities	0.9	0.5	1.2	0.2	0.5
Total Current Liabilities	40.2	25.4	26.4	21.9	18.6
Long Term Accounts Payable - Related Par	1.9	1.9	-	-	-
Total Long Term Debt	1.9	1.9	-	-	-
Accrued Pension Liabilities	1.5	1.0	0.9	1.2	1.2
Long Term Security Deposits Received	0.4	0.4	0.4	0.3	0.3
Other Liabilities	0.0	-	-	-	-
Minority Interest	-	0.0	1.9	2.1	2.3
Consolidation Credit - Other Liabilities	-	-	0.0	0.1	0.1
Total Liabilities	44.0	28.7	29.5	25.5	22.4
Common Stock	15.3	13.9	13.6	13.7	13.7
Share Premium	1.7	1.5	1.5	1.5	1.5
Capital Gain on LT Investments	0.1	0.1	0.0	-	-
Capital Gain on Subsidy Investments	-	-	-	0.0	0.0
Legal Reserve	1.8	1.4	1.2	1.1	0.9
Special Reserve	0.8	0.7	0.7	0.8	0.8
Retained Earnings	3.7	3.9	2.6	3.1	2.5
Cumulative Translation Adjustment	0.6	1.0	1.3	0.8	0.3
Net Loss Not Recognized as Pension Cost	-0.3	0.0	0.0	-0.2	-0.2
Total Equity	23.6	22.5	20.9	20.8	19.5
Total Liabilities & Shareholders' Equity	67.6	51.2	50.5	46.3	41.9
S/O-Common Stock	44.5	44.5	44.5	44.5	44.5
Total Common Shares Outstanding	44.5	44.5	44.5	44.5	44.5
T/S-Common Stock	0.0	0.0	0.0	0.0	-
Accumulated Intangible Amortization	0.3	0.3	0.2	0.2	0.2
Full-Time Employees	2,218	1,644	1,774	2,055	1,950
Number of Common Shareholders	-	768	619	652	675
Operating Lease Maturing within 1 year	0.5	0.4	0.4	0.3	0.4
Operating Lease Maturing within 2 year	-	0.2	0.2	0.1	0.3
Operating Lease Maturing within 3 years	-	0.2	0.1	-	0.2
Operating Leases - Remaining Payments	0.5	-	-	-	-
Total Operating Leases	1.0	0.8	0.7	0.5	0.8
Accumulated Benefit Obligation	1.6	1.2	1.0	1.2	1.2
Benefit Obligation	1.8	1.3	1.2	1.4	1.4
Fair Value of Plan Assets	0.1	0.1	0.1	0.0	0.0
Funded Status	-1.7	-1.2	-1.0	-1.4	-1.4
Total Funded Status	-1.7	-1.2	-1.0	-1.4	-1.4
Discount Rate	2.00%	2.25%	2.50%	3.00%	2.75%
Rate of Compensation Increase	1.00%	1.00%	1.00%	2.00%	2.00%
Expected Rate of Return on Plan Assets	2.00%	2.25%	2.50%	3.00%	2.75%
Deferred Pension Cost	0.1	0.1	0.1	0.1	0.2
Accrued Pension Liabilities	-1.5	-1.0	-0.9	-1.2	-1.2
Net Assets Recognized on Balance Sheet	-1.4	-1.0	-0.9	-1.0	-1.0

Annual Cash Flows

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Restated Normal 31-Dec-2007
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified
Net Income	2.0	2.5	0.9	1.3	0.7
Depreciation	1.7	1.6	1.5	1.4	1.3
Minority Interest	0.0	-0.1	0.4	0.4	0.4
Amortization of Intangibles	0.0	0.0	0.1	0.1	0.1
Loss on Sale of Fixed Assets	0.1	0.0	0.1	0.0	0.0
Notes Receivable	0.0	-0.1	0.1	0.0	0.0
Accounts Receivable	-6.4	1.6	-2.9	-1.5	0.2
Other Financial Assets - Current	-0.4	0.0	0.0	0.1	0.1
Inventories	-6.0	2.5	-0.4	-0.1	-1.5
Deferred Tax Assets	0.0	0.3	-0.3	-0.3	-0.3
Other Current Assets	0.1	-0.1	0.3	-0.1	0.2
Financial Asset, Fair Value	2.3	-1.9	0.2	-0.6	-
Financial Assets for Trading	-	-	-	-	0.5
Notes Payable	0.1	-0.3	-0.7	-1.8	-0.6
Accounts Payable	5.2	-0.9	0.9	3.8	1.1
Tax Payable	0.1	-0.2	-0.1	0.1	-0.1
Accrued Expenses	0.1	0.5	0.4	0.0	0.3
Other Current Liabilities	0.6	-1.0	1.1	-0.3	0.3
Accrued Pension Liabilities	0.1	0.1	0.0	0.1	0.1
Other	0.0	-	-	-	-
Cash from Operating Activities	-0.5	4.3	1.4	2.5	2.8
Capital Expenditure	-3.1	-1.5	-2.3	-1.4	-1.6
Sale of Fixed Assets	0.3	0.0	0.0	0.0	0.0
Computer Software- Increase	0.0	0.0	0.0	0.0	0.0
Security Deposit Paid	0.0	-0.1	0.1	0.1	-0.1
Restricted Assets	1.5	-1.5	-	-	-
Cash from Investing Activities	-1.3	-3.0	-2.2	-1.3	-1.8
Short Term Borrowings, Net	4.4	0.0	3.3	1.0	0.4
Short Term Notes, Net	1.3	0.0	0.0	0.3	0.0
Security Deposit Received	0.0	0.0	0.1	0.0	0.0
Long Term Payables,Related Parties	0.0	1.8	-	-	-
Minority Interest	0.0	-1.8	-0.2	-0.2	-0.4
Directors Remuneration	-	0.0	0.0	0.0	0.0
Employees Bonus	-	0.0	-0.1	-0.1	-0.1
Adjustment	-	0.0	-	-	-
Cash Dividend	-2.3	-1.1	-1.4	-0.9	-1.4
Cash from Financing Activities	3.4	-1.1	1.6	0.1	-1.6
Foreign Exchange Effects	-0.1	0.0	-0.3	-0.1	0.0
Net Change in Cash	1.6	0.2	0.6	1.2	-0.5
Net Cash - Beginning Balance	7.9	7.4	7.1	5.6	6.2
Net Cash - Ending Balance	9.5	7.6	7.7	6.8	5.7
Cash Interest Paid	0.2	0.4	0.4	0.4	0.3
Cash Taxes Paid	0.5	0.9	0.9	0.7	0.8

Financial Health

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Key Indicators USD (mil)
Â	Quarter Ending 30-Sep-2011	Quarter Ending Yr Ago	Annual Year End 31-Dec-2010	1 Year Growth	3 Year Growth	5 Year Growth
Total Revenue1	27.8	2.69%	92.6	28.52%	9.22%	9.64%
Research & Development1	0.1	16.69%	0.4	0.01%	5.24%	5.70%
Operating Income1	0.3	-62.56%	3.1	1.67%	41.13%	11.05%
Income Available to Common Excl Extraord Items1	0.9	57.11%	2.0	-20.87%	4.90%	1.07%
Basic EPS Excl Extraord Items1	0.02	57.09%	0.04	-20.87%	4.90%	1.07%
Capital Expenditures2	1.1	-65.45%	3.1	102.73%	28.99%	30.90%
Cash from Operating Activities2	1.1	-	-0.5	-	-	-
Free Cash Flow	0.1	-	-3.9	-	-	-
Total Assets3	69.4	-1.15%	67.6	20.20%	9.50%	8.03%
Total Liabilities3	46.2	-2.80%	44.0	39.61%	15.78%	12.39%
Total Long Term Debt3	1.9	-4.60%	1.9	-8.87%	-	-
Employees3	-	-	2218	34.91%	2.58%	1.85%
Total Common Shares Outstanding3	44.5	0.00%	44.5	0.00%	0.00%	0.00%
1-ExchangeRate: TWD to USD Average for Period	29.146237	Â	31.497037	Â	Â	Â
2-ExchangeRate: TWD to USD Average for Period	29.099862	Â	31.497037	Â	Â	Â
3-ExchangeRate: TWD to USD Period End Date	30.475000	Â	29.156500	Â	Â	Â

Utility Industry Specific USD (mil)
Â	31-Dec-2009
Deferred Charges3	0.0
3-ExchangeRate: TWD to USD Period End Date	31.985000

Key Ratios
Â	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Profitability
Gross Margin	16.99%	19.59%	15.83%	16.32%	16.63%
Operating Margin	3.31%	4.19%	1.13%	1.54%	0.89%
Pretax Margin	2.81%	4.99%	1.91%	2.61%	1.65%
Net Profit Margin	2.15%	3.49%	1.69%	2.43%	1.71%
Financial Strength
Current Ratio	1.15	1.25	1.18	1.29	1.32
Long Term Debt/Equity	0.08	0.08	0.00	0.00	0.00
Total Debt/Equity	0.87	0.59	0.54	0.43	0.48
Management Effectiveness
Return on Assets	3.48%	4.96%	1.89%	2.97%	1.60%
Return on Equity	8.92%	11.27%	6.09%	8.30%	5.55%
Efficiency
Receivables Turnover	6.50	6.10	6.95	7.90	7.81
Inventory Turnover	6.96	6.20	6.28	5.85	5.79
Asset Turnover	1.62	1.38	1.55	1.56	1.51

Market Valuation USD (mil)
P/E (TTM)	10.41	.	Enterprise Value2	40.7
Price/Sales (TTM)	0.25	.	Enterprise Value/Revenue (TTM)	0.39
Price/Book (MRQ)	1.12	.	Enterprise Value/EBITDA (TTM)	8.81
Market Cap as of 16-Dec-20111	26.1	.
1-ExchangeRate: TWD to USD on 16-Dec-2011	30.360500
2-ExchangeRate: TWD to USD on 30-Sep-2011	30.475000

Annual Ratios

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Financial Strength
Current Ratio javascript:void(0);	1.15	1.25	1.18	1.29	1.32
Quick/Acid Test Ratio javascript:void(0);	0.76	0.86	0.78	0.81	0.77
Working Capital1 javascript:void(0);	6.0	6.3	4.7	6.3	6.0
Long Term Debt/Equity javascript:void(0);	0.08	0.08	0.00	0.00	0.00
Total Debt/Equity javascript:void(0);	0.87	0.59	0.54	0.43	0.48
Long Term Debt/Total Capital javascript:void(0);	0.04	0.05	0.00	0.00	0.00
Total Debt/Total Capital javascript:void(0);	0.47	0.37	0.35	0.30	0.32
Payout Ratio javascript:void(0);	90.13%	89.85%	89.99%	81.92%	85.05%
Effective Tax Rate javascript:void(0);	23.47%	27.75%	36.13%	27.27%	36.04%
Total Capital1 javascript:void(0);	44.1	35.8	32.3	29.7	28.9
Efficiency
Asset Turnover javascript:void(0);	1.62	1.38	1.55	1.56	1.51
Inventory Turnover javascript:void(0);	6.96	6.20	6.28	5.85	5.79
Days In Inventory javascript:void(0);	52.46	58.85	58.11	62.44	62.99
Receivables Turnover javascript:void(0);	6.50	6.10	6.95	7.90	7.81
Days Receivables Outstanding javascript:void(0);	56.14	59.82	52.53	46.19	46.71
Revenue/Employee2 javascript:void(0);	45,085	43,143	42,086	33,575	32,132
Operating Income/Employee2 javascript:void(0);	1,494	1,808	474	516	285
EBITDA/Employee2 javascript:void(0);	2,351	2,806	1,298	1,243	989
Profitability
Gross Margin javascript:void(0);	16.99%	19.59%	15.83%	16.32%	16.63%
Operating Margin javascript:void(0);	3.31%	4.19%	1.13%	1.54%	0.89%
EBITDA Margin javascript:void(0);	5.22%	6.50%	3.09%	3.70%	3.08%
EBIT Margin javascript:void(0);	3.31%	4.19%	1.13%	1.54%	0.89%
Pretax Margin javascript:void(0);	2.81%	4.99%	1.91%	2.61%	1.65%
Net Profit Margin javascript:void(0);	2.15%	3.49%	1.69%	2.43%	1.71%
R&D Expense/Revenue javascript:void(0);	0.46%	0.59%	0.48%	0.51%	0.59%
COGS/Revenue javascript:void(0);	83.01%	80.41%	84.17%	83.68%	83.37%
SG&A Expense/Revenue javascript:void(0);	13.21%	14.81%	14.22%	14.27%	15.16%
Management Effectiveness
Return on Assets javascript:void(0);	3.48%	4.96%	1.89%	2.97%	1.60%
Return on Equity javascript:void(0);	8.92%	11.27%	6.09%	8.30%	5.55%
Valuation
Free Cash Flow/Share2 javascript:void(0);	-0.09	0.07	-0.02	0.03	0.03
Operating Cash Flow/Share 2 javascript:void(0);	-0.01	0.10	0.03	0.06	0.06
1-ExchangeRate: TWD to USD Period End Date	29.1565	31.985	32.818	32.4345	32.585
2-ExchangeRate: TWD to USD Average for Period	29.1565	31.985	32.818	32.4345	32.585

Current Market Multiples
Market Cap/Earnings (TTM) javascript:void(0);	10.41
Market Cap/Equity (MRQ) javascript:void(0);	1.12
Market Cap/Revenue (TTM) javascript:void(0);	0.25
Market Cap/EBIT (TTM) javascript:void(0);	9.11
Market Cap/EBITDA (TTM) javascript:void(0);	5.63
Enterprise Value/Earnings (TTM) javascript:void(0);	16.28
Enterprise Value/Equity (MRQ) javascript:void(0);	1.75
Enterprise Value/Revenue (TTM) javascript:void(0);	0.39
Enterprise Value/EBIT (TTM) javascript:void(0);	14.25
Enterprise Value/EBITDA (TTM) javascript:void(0);	8.81

Annual Income Statement

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2010	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified
Gross Revenue	94.3	70.1	79.2	69.4	63.9
Sales Returns and Allowances	-1.7	-1.4	-1.6	-1.3	-1.2
Revenue	92.6	68.7	77.7	68.1	62.8
Total Revenue	92.6	68.7	77.7	68.1	62.8
Cost of Revenue	76.8	55.2	65.4	57.0	52.3
Cost of Revenue, Total	76.8	55.2	65.4	57.0	52.3
Gross Profit	15.7	13.5	12.3	11.1	10.4
Selling/General/Administrative Expense	12.2	10.2	11.0	9.7	9.5
Total Selling/General/Administrative Expenses	12.2	10.2	11.0	9.7	9.5
Research & Development	0.4	0.4	0.4	0.4	0.4
Total Operating Expense	89.5	65.8	76.8	67.1	62.2
Operating Income	3.1	2.9	0.9	1.0	0.6
Interest Expense - Non-Operating	-0.2	-0.2	-0.4	-0.4	-0.3
Interest Expense, Net Non-Operating	-0.2	-0.2	-0.4	-0.4	-0.3
Interest Income - Non-Operating	0.1	0.0	0.1	0.1	0.1
Investment Income - Non-Operating	-0.8	0.2	0.0	0.4	0.1
Interest/Investment Income - Non-Operating	-0.8	0.2	0.0	0.5	0.2
Interest Income (Expense) - Net Non-Operating Total	-1.0	0.0	-0.4	0.1	-0.2
Gain (Loss) on Sale of Assets	-0.1	0.0	-0.1	0.0	0.0
Other Non-Operating Income (Expense)	0.6	0.5	1.0	0.6	0.6
Other, Net	0.6	0.5	1.0	0.6	0.6
Income Before Tax	2.6	3.4	1.5	1.8	1.0
Total Income Tax	0.6	1.0	0.5	0.5	0.4
Income After Tax	2.0	2.5	0.9	1.3	0.7
Minority Interest	0.0	-0.1	0.4	0.4	0.4
Net Income Before Extraord Items	2.0	2.4	1.3	1.7	1.1
Accounting Change	-	-	-	0.0	0.1
Total Extraord Items	-	-	-	0.0	0.1
Net Income	2.0	2.4	1.3	1.7	1.1
Income Available to Common Excl Extraord Items	2.0	2.4	1.3	1.7	1.1
Income Available to Common Incl Extraord Items	2.0	2.4	1.3	1.7	1.1
Basic/Primary Weighted Average Shares	44.5	44.5	44.5	44.5	44.5
Basic EPS Excl Extraord Items	0.04	0.05	0.03	0.04	0.02
Basic/Primary EPS Incl Extraord Items	0.04	0.05	0.03	0.04	0.03
Diluted Net Income	2.0	2.4	1.3	1.7	1.1
Diluted Weighted Average Shares	44.9	45.0	44.9	44.5	44.5
Diluted EPS Excl Extraord Items	0.04	0.05	0.03	0.04	0.02
Diluted EPS Incl Extraord Items	0.04	0.05	0.03	0.04	0.03
Dividends per Share - Common Stock Primary Issue	0.04	0.05	0.03	0.03	0.02
Gross Dividends - Common Stock	1.8	2.2	1.2	1.4	0.9
Interest Expense, Supplemental	0.2	0.2	0.4	0.4	0.3
Depreciation, Supplemental	1.7	1.6	1.5	1.4	1.2
Total Special Items	0.1	0.0	0.1	0.0	0.0
Normalized Income Before Tax	2.7	3.4	1.5	1.8	1.0
Effect of Special Items on Income Taxes	0.0	0.0	0.0	0.0	0.0
Inc Tax Ex Impact of Sp Items	0.6	0.9	0.6	0.5	0.4
Normalized Income After Tax	2.1	2.5	1.0	1.3	0.7
Normalized Inc. Avail to Com.	2.1	2.4	1.4	1.7	1.1
Basic Normalized EPS	0.05	0.05	0.03	0.04	0.02
Diluted Normalized EPS	0.05	0.05	0.03	0.04	0.02
Amort of Intangibles, Supplemental	0.0	0.0	0.1	0.1	0.2
Research & Development Exp, Supplemental	0.4	0.4	0.4	0.4	0.4
Normalized EBIT	3.1	2.9	0.9	1.0	0.6
Normalized EBITDA	4.8	4.5	2.4	2.5	1.9
Current Tax - Total	0.3	0.2	0.4	0.4	0.3
Current Tax - Total	0.3	0.2	0.4	0.4	0.3
Deferred Tax - Total	-0.1	0.1	-0.3	-0.3	-0.3
Deferred Tax - Total	-0.1	0.1	-0.3	-0.3	-0.3
Other Tax	0.4	0.6	0.5	0.4	0.4
Income Tax - Total	0.6	1.0	0.5	0.5	Normalized EBIT	3.1	2.9	0.9	1.0	0.6
Normalized EBITDA	4.8	4.5	2.4	2.5	1.9
Current Tax - Total	0.3	0.2	0.4	0.4	0.3
Current Tax - Total	0.3	0.2	0.4	0.4	0.3
Deferred Tax - Total	-0.1	0.1	-0.3	-0.3	-0.3
Deferred Tax - Total	-0.1	0.1	-0.3	-0.3	-0.3
Other Tax	0.4	0.6	0.5	0.4	0.4
Income Tax - Total	0.6	1.0	0.5	0.5	0.4
Interest Cost - Domestic	0.0	0.0	0.0	0.0	0.1
Service Cost - Domestic	0.0	0.0	0.1	0.1	0.1
Expected Return on Assets - Domestic	0.0	0.0Normal align=right style='text-align:right'>1.00%	1.00%	2.00%	2.00%
Total Plan Interest Cost	0.0	0.0	0.0	0.0	0.1
Total Plan Service Cost	0.0	0.0	0.1	0.1	0.1
Total Plan Expected Return	0.0	0.0	0.0	0.0	0.0

Interim Income Statement

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010
Period Length	3 Months	3 Months	3 Months	3 Months	3 Months
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Reclassified Normal 30-Sep-2011
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.146237	28.855204	29.305764	30.350199	31.911435
Gross Revenue	28.2	29.0	24.1	28.8	25.2
Sales Returns and Allowances	-0.3	-0.4	-0.9	-0.5	-0.4
Revenue	27.8	28.5	23.3	28.3	24.8
Total Revenue	27.8	28.5	23.3	28.3	24.8
Cost of Revenue	23.3	23.5	19.4	23.7	20.5
Cost of Revenue, Total	23.3	23.5	19.4	23.7	20.5
Gross Profit	4.5	5.0	3.9	4.6	4.3
Selling/General/Administrative Expense	4.0	3.8	3.5	3.2	3.3
Total Selling/General/Administrative Expenses	4.0	3.8	3.5	3.2	3.3
Research & Development	0.1	0.1	0.1	0.1	0.1
Total Operating Expense	27.5	27.5	22.9	27.0	23.9
Operating Income	0.3	1.0	0.3	1.3	0.8
Interest Expense - Non-Operating	-0.1	-0.1	-0.1	-0.1	0.0
Interest Expense, Net Non-Operating	-0.1	-0.1	-0.1	-0.1	0.0
Interest Income - Non-Operating	0.0	0.0	0.0	0.0	0.0
Investment Income - Non-Operating	0.7	-0.2	0.2	-0.6	-0.3
Interest/Investment Income - Non-Operating	0.7	-0.2	0.2	-0.6	-0.3
Interest Income (Expense) - Net Non-Operating Total	0.6	-0.3	0.1	-0.6	-0.4
Gain (Loss) on Sale of Assets	-0.1	-0.1	0.0	0.0	0.0
Other Non-Operating Income (Expense)	0.2	0.1	0.2	0.2	0.1
Other, Net	0.2	0.1	0.2	0.2	0.1
Income Before Tax	1.1	0.8	0.6	0.8	0.6
Total Income Tax	0.2	0.2	0.1	0.1	0.1
Income After Tax	0.9	0.6	0.5	0.7	0.5
Minority Interest	-	-	-	0.0	0.0
Net Income Before Extraord Items	0.9	0.6	0.5	0.7	0.5
Net Income	0.9	0.6	0.5	0.7	0.5
Income Available to Common Excl Extraord Items	0.9	0.6	0.5	0.7	0.5
Income Available to Common Incl Extraord Items	0.9	0.6	0.5	0.7	0.5
Basic/Primary Weighted Average Shares	44.5	44.5	44.5	44.5	44.5
Basic EPS Excl Extraord Items	0.02	0.01	0.01	0.01	0.01
Basic/Primary EPS Incl Extraord Items	0.02	0.01	0.01	0.01	0.01
Diluted Net Income	0.9	0.6	0.5	0.7	0.5
Diluted Weighted Average Shares	44.5	45.1	45.0	44.8	44.8
Diluted EPS Excl Extraord Items	0.02	0.01	0.01	0.01	0.01
Diluted EPS Incl Extraord Items	0.02	0.01	0.01	0.01	0.01
Dividends per Share - Common Stock Primary Issue	0.00	0.00	0.00	0.04	0.00
Gross Dividends - Common Stock	0.0	0.0	0.0	1.9	0.0
Interest Expense, Supplemental	0.1	0.1	0.1	0.1	0.0
Depreciation, Supplemental	0.5	0.5	0.5	0.4	0.5
Total Special Items	0.1	0.1	0.0	0.0	0.0
Normalized Income Before Tax	1.2	0.9	0.7	0.8	0.6
Effect of Special Items on Income Taxes	0.0	0.0	0.0	0.0	0.0
Inc Tax Ex Impact of Sp Items	0.3	0.2	0.1	0.1	0.1
Normalized Income After Tax	0.9	0.7	0.5	0.7	0.5
Normalized Inc. Avail to Com.	0.9	0.7	0.5	0.7	0.5
Basic Normalized EPS	0.02	0.01	0.01	0.01	0.01
Diluted Normalized EPS	0.02	0.01	0.01	0.01	0.01
Amort of Intangibles, Supplemental	0.0	0.0	0.0	0.0	0.0
Research & Development Exp, Supplemental	0.1	0.1	0.1	0.1	0.1
Normalized EBIT	0.3	1.0	0.3	1.3	0.8
Normalized EBITDA	0.8	1.5	0.8	1.7	1.3

Annual Balance Sheet

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Reclassified Normal 31-Dec-2007
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	29.1565	31.985	32.818	32.4345	32.585
Auditor	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified
Cash & Equivalents	10.3	7.8	7.4	6.9	5.6
Short Term Investments	1.5	3.2	1.2	1.3	0.8
Cash and Short Term Investments	11.8	11.1	8.6	8.2	6.5
Accounts Receivable - Trade, Gross	19.0	10.8	12.2	9.5	7.9
Provision for Doubtful Accounts	-0.3	-0.1	-0.1	-0.1	-0.1
Trade Accounts Receivable - Net	18.7	10.7	12.0	9.4	7.8
Notes Receivable - Short Term	0.2	0.2	0.1	0.2	0.2
Total Receivables, Net	18.9	10.8	12.1	9.5	7.9
Inventories - Finished Goods	4.9	3.1	5.4	4.0	3.4
Inventories - Work In Progress	5.4	2.2	2.4	3.4	3.5
Inventories - Raw Materials	5.8	3.6	3.6	3.8	4.0
Inventories - Other	-1.0	-1.0	-1.3	-1.3	-1.0
Total Inventory	15.2	7.9	10.2	9.9	9.8
Prepaid Expenses	-	0.0	-	-	-
Restricted Cash - Current	0.0	1.5	0.0	-	-
Deferred Income Tax - Current Asset	0.1	0.1	0.1	0.1	0.1
Other Current Assets	0.3	0.3	0.1	0.4	0.3
Other Current Assets, Total	0.4	1.9	0.2	0.5	0.4
Total Current Assets	46.3	31.7	31.1	28.2	24.6
Buildings	12.6	12.1	11.5	10.9	10.1
Land/Improvements	5.2	5.1	4.9	5.0	5.0
Machinery/Equipment	21.8	18.3	17.6	15.4	13.6
Construction in Progress	0.1	0.0	0.3	0.0	0.3
Property/Plant/Equipment - Gross	39.7	35.6	34.3	31.3	28.9
Accumulated Depreciation	-20.1	-17.7	-16.8	-14.9	-13.1
Property/Plant/Equipment - Net	19.6	17.8	17.5	16.3	15.8
Intangibles - Gross	1.0	1.0	1.0	0.9	0.9
Accumulated Intangible Amortization	-0.3	-0.3	-0.2	-0.2	-0.2
Intangibles, Net	0.8	0.7	0.8	0.8	0.8
Deferred Charges	-	0.0	-	-	-
Pension Benefits - Overfunded	0.1	0.1	0.1	0.1	0.2
Deferred Income Tax - Long Term Asset	0.6	0.6	0.9	0.6	0.3
Other Long Term Assets	0.3	0.2	0.1	0.2	0.3
Other Long Term Assets, Total	0.9	1.0	1.1	1.0	0.8
Total Assets	67.6	51.2	50.5	46.3	41.9
Accounts Payable	16.4	9.8	10.5	9.8	5.9
Accrued Expenses	3.9	3.5	2.9	2.6	2.6
Notes Payable/Short Term Debt	18.7	11.4	11.4	8.9	9.3
Income Taxes Payable	0.3	0.2	0.3	0.4	0.3
Other Current Liabilities	0.9	0.5	1.2	0.2	0.5
Other Current liabilities, Total	1.2	0.7	1.6	0.6	0.8
Total Current Liabilities	40.2	25.4	26.4	21.9	18.6
Long Term Debt	1.9	1.9	-	-	-
Total Long Term Debt	1.9	1.9	0.0	0.0	0.0
Total Debt	20.6	13.2	11.4	8.9	9.3
Minority Interest	-	0.0	1.9	2.1	2.3
Pension Benefits - Underfunded	1.5	1.0	0.9	1.2	1.2
Other Long Term Liabilities	0.4	0.4	0.4	0.3	0.3
Other Liabilities, Total	1.9	1.4	1.3	1.5	1.5
Total Liabilities	44.0	28.7	29.5	25.5	22.4
Common Stock	15.3	13.9	13.6	13.7	13.7
Common Stock	15.3	13.9	13.6	13.7	13.7
Additional Paid-In Capital	1.7	1.6	1.5	1.5	1.5
Retained Earnings (Accumulated Deficit)	6.3	6.0	4.6	4.9	4.2
Translation Adjustment	0.6	1.0	1.3	0.8	0.3
Minimum Pension Liability Adjustment	-0.3	0.0	0.0	-0.2	-0.2
Other Equity, Total	0.3	1.0	1.3	0.6	0.1
Total Equity	23.6	22.5	20.9	20.8	19.5
Total Liabilities & Shareholders’ Equity	67.6	51.2	50.5	46.3	41.9
Shares Outstanding - Common Stock Primary Issue	44.5	44.5	44.5	44.5	44.5
Total Common Shares Outstanding	44.5	44.5	44.5	44.5	44.5
Treasury Shares - Common Stock Primary Issue	0.0	0.0	0.0	0.0	-
Employees	2,218	1,644	1,774	2,055	1,950
Number of Common Shareholders	-	768	619	652	675
Accumulated Intangible Amort, Suppl.	0.3	0.3	0.2	0.2	0.2
Total Operating Leases, Supplemental	1.0	0.8	0.7	0.5	0.8
Operating Lease Payments Due in Year 1	0.5	0.4	0.4	0.3	0.4
Operating Lease Payments Due in Year 2	-	0.2	0.2	0.1	0.3
Operating Lease Payments Due in Year 3	-	0.2	0.1	-	0.2
Operating Lease Pymts. Due in 2-3 Years	-	0.4	0.3	0.1	0.5
Oper. Lse. Pymts. Due in Year 6 & Beyond	0.5	0.0	0.0	0.0	0.0
Pension Obligation - Domestic	1.8	1.3	1.2	1.4	1.4
Plan Assets - Domestic	0.1	0.1	0.1	0.0	0.0
Funded Status - Domestic	-1.7	-1.2	-1.0	-1.4	-1.4
Accumulated Obligation - Domestic	1.6	1.2	1.0	1.2	1.2
Total Funded Status	-1.7	-1.2	-1.0	-1.4	-1.4
Discount Rate - Post-Retirement	2.00%	2.25%	2.50%	3.00%	2.75%
Expected Rate of Return - Domestic	2.00%	2.25%	2.50%	3.00%	2.75%
Compensation Rate - Domestic	1.00%	1.00%	1.00%	2.00%	2.00%
Prepaid Benefits - Domestic	0.1	0.1	0.1	0.1	0.2
Accrued Liabilities - Domestic	-1.5	-1.0	-0.9	-1.2	-1.2
Net Assets Recognized on Balance Sheet	-1.4	-1.0	-0.9	-1.0	-1.0
Total Plan Obligations	1.8	1.3	1.2	1.4	1.4
Total Plan Assets	0.1	0.1	0.1	0.0	0.0

Interim Balance Sheet

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	30.475	28.7235	29.4065	29.1565	31.2415
Cash & Equivalents	10.6	10.6	8.3	10.3	8.2
Short Term Investments	2.1	3.1	1.9	1.5	2.4
Cash and Short Term Investments	12.8	13.7	10.2	11.8	10.5
Accounts Receivable - Trade, Gross	15.6	18.6	15.3	19.0	17.2
Provision for Doubtful Accounts	-0.7	-0.4	-0.3	-0.3	-0.2
Trade Accounts Receivable - Net	15.0	18.2	15.0	18.7	16.9
Notes Receivable - Short Term	0.2	0.3	0.3	0.2	0.2
Total Receivables, Net	15.2	18.5	15.3	18.9	17.1
Inventories - Finished Goods	7.3	7.4	7.1	4.9	3.8
Inventories - Work In Progress	4.0	6.2	5.4	5.4	5.8
Inventories - Raw Materials	5.9	7.0	7.7	5.8	6.7
Inventories - Other	-1.1	-1.1	-1.0	-1.0	-1.1
Total Inventory	16.2	19.5	19.3	15.2	15.2
Restricted Cash - Current	-	0.0	1.0	0.0	4.6
Deferred Income Tax - Current Asset	0.1	0.1	0.1	0.1	0.1
Other Current Assets	0.2	0.5	0.1	0.3	0.3
Other Current Assets, Total	0.3	0.5	1.2	0.4	5.0
Total Current Assets	44.4	52.3	46.0	46.3	47.8
Buildings	12.6	12.9	12.7	12.6	12.6
Land/Improvements	5.0	9.1	5.2	5.2	4.9
Machinery/Equipment	17.8	19.3	21.1	21.8	20.8
Construction in Progress	0.2	0.2	0.1	0.1	0.1
Property/Plant/Equipment - Gross	35.7	41.5	39.0	39.7	38.4
Accumulated Depreciation	-16.7	-17.9	-19.7	-20.1	-19.4
Property/Plant/Equipment - Net	18.9	23.6	19.4	19.6	19.0
Intangibles, Net	0.8	0.8	0.8	0.8	0.8
Pension Benefits - Overfunded	0.1	0.1	0.1	0.1	0.1
Deferred Income Tax - Long Term Asset	0.6	0.7	0.6	0.6	0.6
Other Long Term Assets	4.6	0.3	0.9	0.3	0.3
Other Long Term Assets, Total	5.2	1.0	1.6	0.9	0.9
Total Assets	69.4	77.7	67.8	67.6	68.5
Accounts Payable	12.4	16.8	16.1	16.4	17.4
Accrued Expenses	3.8	4.4	3.3	3.9	3.6
Notes Payable/Short Term Debt	25.5	27.1	19.5	18.7	21.2
Income Taxes Payable	0.1	0.2	0.4	0.3	0.2
Other Payables	-	2.0	-	-	-
Other Current Liabilities	0.5	0.3	0.6	0.9	0.5
Other Current liabilities, Total	0.6	2.5	1.0	1.2	0.7
Total Current Liabilities	42.3	50.7	40.0	40.2	42.9
Long Term Debt	1.9	1.9	1.9	1.9	1.9
Total Long Term Debt	1.9	1.9	1.9	1.9	1.9
Total Debt	27.4	29.0	21.4	20.6	23.1
Pension Benefits - Underfunded	1.5	1.6	1.5	1.5	1.1
Other Long Term Liabilities	0.5	0.5	0.4	0.4	0.4
Other Liabilities, Total	2.0	2.0	1.9	1.9	1.5
Total Liabilities	46.2	54.6	43.8	44.0	46.4
Common Stock	14.6	15.5	15.1	15.3	14.3
Common Stock	14.6	15.5	15.1	15.3	14.3
Additional Paid-In Capital	1.6	1.7	1.7	1.7	1.6
Retained Earnings (Accumulated Deficit)	6.0	5.5	6.7	6.3	5.2
Translation Adjustment	1.2	0.6	0.7	0.6	1.0
Minimum Pension Liability Adjustment	-0.3	-0.3	-0.3	-0.3	0.0
Other Equity, Total	0.9	0.3	0.4	0.3	1.0
Total Equity	23.2	23.1	24.0	23.6	22.1
Total Liabilities & Shareholders’ Equity	69.4	77.7	67.8	67.6	68.5
Shares Outstanding - Common Stock Primary Issue	44.5	44.5	44.5	44.5	44.5
Total Common Shares Outstanding	44.5	44.5	44.5	44.5	44.5
Treasury Shares - Common Stock Primary Issue	0.0	0.0	0.0	0.0	0.0
Employees	-	2,215	-	2,218	-
Accumulated Intangible Amort, Suppl.	0.3	0.3	0.3	0.3	0.3
Total Operating Leases, Supplemental	-	-	-	1.0	0.9
Operating Lease Payments Due in Year 1	-	-	-	0.5	0.1
Operating Lease Payments Due in Year 2	-	-	-	-	0.3
Operating Lease Pymts. Due in 2-3 Years	-	-	-	-	0.3
Oper. Lse. Pymts. Due in Year 6 & Beyond	-	-	-	0.5	0.5
Prepaid Benefits - Domestic	0.1	0.1	0.1	0.1	0.1
Accrued Liabilities - Domestic	-1.5	-1.6	-1.5	-1.5	-1.1
Net Assets Recognized on Balance Sheet	-1.4	-1.5	-1.4	-1.4	-1.0

Annual Cash Flows

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Restated Normal 31-Dec-2007
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified
Net Income/Starting Line	2.0	2.5	0.9	1.3	0.7
Depreciation	1.7	1.6	1.5	1.4	1.3
Depreciation/Depletion	1.7	1.6	1.5	1.4	1.3
Amortization of Intangibles	0.0	0.0	0.1	0.1	0.1
Amortization	0.0	0.0	0.1	0.1	0.1
Deferred Taxes	0.0	0.3	-0.3	-0.3	-0.3
Unusual Items	0.1	0.0	0.1	0.0	0.0
Other Non-Cash Items	0.0	-0.1	0.4	0.4	0.4
Non-Cash Items	0.1	-0.1	0.4	0.4	0.4
Accounts Receivable	-6.5	1.5	-2.8	-1.5	0.2
Inventories	-6.0	2.5	-0.4	-0.1	-1.5
Other Assets	1.9	-2.1	0.5	-0.7	0.8
Accounts Payable	5.2	-0.9	0.9	3.8	1.1
Accrued Expenses	0.1	0.5	0.4	0.0	0.3
Taxes Payable	0.1	-0.2	-0.1	0.1	-0.1
Other Liabilities	0.8	-1.3	0.4	-2.0	-0.1
Changes in Working Capital	-4.4	0.0	-1.2	-0.3	0.6
Cash from Operating Activities	-0.5	4.3	1.4	2.5	2.8
Purchase of Fixed Assets	-3.1	-1.5	-2.3	-1.4	-1.6
Purchase/Acquisition of Intangibles	0.0	0.0	0.0	0.0	0.0
Capital Expenditures	-3.1	-1.5	-2.3	-1.4	-1.6
Sale of Fixed Assets	0.3	0.0	0.0	0.0	0.0
Other Investing Cash Flow	1.5	-1.6	0.1	0.1	-0.1
Other Investing Cash Flow Items, Total	1.9	-1.6	0.1	0.1	-0.1
Cash from Investing Activities	-1.3	-3.0	-2.2	-1.3	-1.8
Other Financing Cash Flow	0.0	0.0	-0.3	-0.3	-0.5
Financing Cash Flow Items	0.0	0.0	-0.3	-0.3	-0.5
Cash Dividends Paid - Common	-2.3	-1.1	-1.4	-0.9	-1.4
Total Cash Dividends Paid	-2.3	-1.1	-1.4	-0.9	-1.4
Short Term Debt, Net	5.6	0.0	3.3	1.3	0.4
Issuance (Retirement) of Debt, Net	5.6	0.0	3.3	1.3	0.4
Cash from Financing Activities	3.4	-1.1	1.6	0.1	-1.6
Foreign Exchange Effects	-0.1	0.0	-0.3	-0.1	0.0
Net Change in Cash	1.6	0.2	0.6	1.2	-0.5
Net Cash - Beginning Balance	7.9	7.4	7.1	5.6	6.2
Net Cash - Ending Balance	9.5	7.6	7.7	6.8	5.7
Cash Interest Paid	0.2	0.4	0.4	0.4	0.3
Cash Taxes Paid	0.5	0.9	0.9	0.7	0.8

Interim Cash Flows

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010
Period Length	9 Months	6 Months	3 Months	12 Months	9 Months
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.099862	29.074238	29.305764	31.497037	31.886422
Net Income/Starting Line	1.9	1.1	0.5	2.0	1.3
Depreciation	1.4	0.9	0.5	1.7	1.3
Depreciation/Depletion	1.4	0.9	0.5	1.7	1.3
Amortization of Intangibles	0.0	0.0	0.0	0.0	0.0
Amortization	0.0	0.0	0.0	0.0	0.0
Deferred Taxes	0.0	0.0	0.1	0.0	0.1
Unusual Items	0.2	0.1	0.0	0.1	0.1
Other Non-Cash Items	-	-	-	0.0	-
Non-Cash Items	0.2	0.1	0.0	0.1	0.1
Accounts Receivable	3.0	0.6	3.4	-6.5	-5.9
Inventories	-1.7	-4.1	-4.2	-6.0	-6.9
Other Assets	-0.7	-1.8	-0.3	1.9	1.0
Accounts Payable	-3.4	0.1	-0.1	5.2	7.1
Accrued Expenses	0.0	0.4	-0.6	0.1	0.0
Taxes Payable	-0.2	-0.1	0.0	0.1	0.0
Other Liabilities	0.6	0.1	-0.1	0.8	0.4
Changes in Working Capital	-2.5	-4.7	-1.8	-4.4	-4.4
Cash from Operating Activities	1.1	-2.6	-0.8	-0.5	-1.6
Purchase of Fixed Assets	-1.0	-4.6	-0.3	-3.1	-2.8
Purchase/Acquisition of Intangibles	0.0	0.0	0.0	0.0	0.0
Capital Expenditures	-1.1	-4.7	-0.3	-3.1	-2.8
Sale of Fixed Assets	0.0	0.0	0.0	0.3	0.3
Other Investing Cash Flow	-4.5	0.0	-1.7	1.5	-3.0
Other Investing Cash Flow Items, Total	-4.5	0.0	-1.7	1.9	-2.7
Cash from Investing Activities	-5.6	-4.7	-2.0	-1.3	-5.4
Other Financing Cash Flow	0.1	0.0	0.1	0.0	0.0
Financing Cash Flow Items	0.1	0.0	0.1	0.0	0.0
Cash Dividends Paid - Common	-1.9	-	-	-2.3	-2.2
Total Cash Dividends Paid	-1.9	-	-	-2.3	-2.2
Short Term Debt, Net	7.1	7.4	0.8	5.6	9.4
Issuance (Retirement) of Debt, Net	7.1	7.4	0.8	5.6	9.4
Cash from Financing Activities	5.3	7.4	0.9	3.4	7.2
Foreign Exchange Effects	-0.1	0.0	0.0	-0.1	0.0
Net Change in Cash	0.8	0.1	-1.9	1.6	0.1
Net Cash - Beginning Balance	10.3	10.3	10.2	7.9	7.8
Net Cash - Ending Balance	11.1	10.4	8.4	9.5	8.0
Cash Interest Paid	0.2	0.1	0.1	0.2	0.1
Cash Taxes Paid	0.8	0.4	0.0	0.5	0.4

Annual Income Statement

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2010	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Updated Normal 31-Dec-2006
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified
Sales	94.3	70.1	79.2	69.4	63.9
Sales Return & Allow	-1.7	-1.4	-1.6	-1.3	-1.2
Total Revenue	92.6	68.7	77.7	68.1	62.8
Cost of Sales	76.8	55.2	65.5	56.8	52.4
Selling Expenses	8.5	6.9	7.7	7.0	6.9
Gen. & Admin. Exp.	3.8	3.3	3.3	2.7	2.6
Research and Development Expenses	0.4	0.4	0.4	0.4	0.4
Gain from Revaluation of Inventory	-	-	-0.1	0.0	-0.1
Inventory Devaluation & Obsolescence	-	-	0.0	0.2	-
Total Operating Expense	89.5	65.8	76.8	67.1	62.2
Interest Income	0.1	0.0	0.1	0.1	0.1
Dividend Income	0.0	0.0	0.1	0.0	0.0
Gains on Disposal of Fixed Assets	0.0	0.0	0.0	0.0	0.0
Exchange Gain	-	-	0.3	0.0	0.0
Gain on Financila Assets Revaluation	0.1	0.3	0.0	0.4	0.1
Other Non-ops. Inc.	0.6	0.6	1.0	0.6	0.7
Interest Expenses	-0.2	-0.2	-0.4	-0.4	-0.3
Loss on Disposal of Fixed Assets	-0.1	0.0	-0.1	0.0	0.0
Exchange Loss	-1.0	-0.1	-	0.0	0.0
Loss on Financila Assets Revaluation	-	-	-0.4	0.0	-
Loss on Financial Liabilities Revaluatio	-	-	-	0.0	0.0
Finance Expense	0.0	0.0	0.0	0.0	0.0
Other Non-ops. Exp	0.0	-0.1	0.0	0.0	0.0
Net Income Before Taxes	2.6	3.4	1.5	1.8	1.0
Provision for Income Taxes	0.6	1.0	0.5	0.5	0.4
Net Income After Taxes	2.0	2.5	0.9	1.3	0.7
Minority Int.	0.0	-0.1	0.4	0.4	0.4
Net Income Before Extra. Items	2.0	2.4	1.3	1.7	1.1
Accounting Change	-	-	-	0.0	0.1
Net Income	2.0	2.4	1.3	1.7	1.1
Income Available to Com Excl ExtraOrd	2.0	2.4	1.3	1.7	1.1
Income Available to Com Incl ExtraOrd	2.0	2.4	1.3	1.7	1.1
Basic Weighted Average Shares	44.5	44.5	44.5	44.5	44.5
Basic EPS Excluding ExtraOrdinary Items	0.04	0.05	0.03	0.04	0.02
Basic EPS Including ExtraOrdinary Items	0.04	0.05	0.03	0.04	0.03
Diluted Net Income	2.0	2.4	1.3	1.7	1.1
Diluted Weighted Average Shares	44.9	45.0	44.9	44.5	44.5
Diluted EPS Excluding ExtraOrd Items	0.04	0.05	0.03	0.04	0.02
Diluted EPS Including ExtraOrd Items	0.04	0.05	0.03	0.04	0.03
DPS-Common Stock	0.04	0.05	0.03	0.03	0.02
Gross Dividends - Common Stock	1.8	2.2	1.2	1.4	0.9
Normalized Income Before Taxes	2.7	3.4	1.5	1.8	1.0
Inc Tax Ex Impact of Sp Items	0.6	0.9	0.6	0.5	0.4
Normalized Income After Taxes	2.1	2.5	1.0	1.3	0.7
Normalized Inc. Avail to Com.	2.1	2.4	1.4	1.7	1.1
Basic Normalized EPS	0.05	0.05	0.03	0.04	0.02
Diluted Normalized EPS	0.05	0.05	0.03	0.04	0.02
R&D Expense, Supplemental	0.4	0.4	0.4	0.4	0.4
Interest Expense	0.2	0.2	0.4	0.4	0.3
Finance Expense	0.0	0.0	0.0	0.0	-
Depreciation - Operating Cost	1.3	1.2	1.1	1.0	0.9
Depreciation - Operating Expense	0.4	0.4	0.4	0.4	0.3
Amortization - Operating Cost	0.0	0.0	0.0	0.0	0.0
Amortization - Operating Expense	0.0	0.0	0.0	0.0	0.2
Current Tax	0.3	0.2	0.4	0.4	0.3
Current Tax - Total	0.3	0.2	0.4	0.4	0.3
Deferred Tax	-0.1	0.1	-0.3	-0.3	-0.3
Deferred Tax - Total	-0.1	0.1	-0.3	-0.3	-0.3
Other Tax	0.4	0.6	0.5	0.4	0.4
Income Tax - Total	0.6	1.0	0.5	0.5	0.4
Service Cost	0.0	0.0	0.1	0.1	0.1
Interest Cost	0.0	0.0	0.0	0.0	0.1
Expected Return on Plan Assets	0.0	0.0	0.0	0.0	0.0
Amort. of Unrecognized Transitional Cost	0.0	0.0	0.0	0.0	0.0
Amort. of Actuarial Gain/Loss	0.0	0.0	0.0	0.0	0.1
Domestic Pension Plan Expense	0.1	0.1	0.2	0.2	0.2
Defined Contribution Expense - Domestic	0.1	0.1	-	-	-
Total Pension Expense	0.2	0.2	0.2	0.2	0.2
Discount Rate	2.00%	2.25%	2.50%	3.00%	2.75%
Rate of Compensation Increase	1.00%	1.00%	1.00%	2.00%	2.00%
Expected Rate of Return on Plan Assets	2.00%	2.25%	2.50%	3.00%	2.75%

Interim Income Statement

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010
Period Length	3 Months	3 Months	3 Months	3 Months	3 Months
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Reclassified Normal 30-Sep-2011
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.146237	28.855204	29.305764	30.350199	31.911435
Sales	28.2	29.0	24.1	28.8	25.2
Sales Return & Discounts	-0.3	-0.4	-0.9	-0.5	-0.4
Total Revenue	27.8	28.5	23.3	28.3	24.8
Cost of Sales	23.3	23.5	19.4	23.7	20.5
Selling Expenses	2.8	2.6	2.3	2.2	2.4
Gen. & Admin. Exp.	1.2	1.2	1.2	1.0	0.9
Research and Development Expenses	0.1	0.1	0.1	0.1	0.1
Total Operating Expense	27.5	27.5	22.9	27.0	23.9
Interest Income	0.0	0.0	0.0	0.0	0.0
Foreign Exchange Gain/Losses	0.8	-0.2	0.2	-0.7	-0.3
Gain on Financial Assets Revaluation	0.0	0.0	-	0.1	0.0
Other Non-ops. Inc.	0.2	0.1	0.2	0.2	0.1
Dividend Income	0.0	-	-	0.0	0.0
Gain Disp. of Fixed Assets	-	-	-	0.0	0.0
Interest Expenses	-0.1	-0.1	-0.1	-0.1	0.0
Loss Disp. of Fixed Assets	-0.1	-0.1	0.0	0.0	0.0
Finance Expense	0.0	0.0	0.0	0.0	0.0
Revaluation Loss on Financial Assets	-0.1	0.0	-0.1	0.0	0.0
Revaluation Loss on Fin. Liabilities	-	-	-	0.0	0.0
Other Non-ops. Exp	0.0	0.0	-	0.0	0.0
Net Income Before Taxes	1.1	0.8	0.6	0.8	0.6
Provision for Income Taxes	0.2	0.2	0.1	0.1	0.1
Net Income After Taxes	0.9	0.6	0.5	0.7	0.5
Minority Interest	-	-	-	0.0	0.0
Net Income Before Extra. Items	0.9	0.6	0.5	0.7	0.5
Net Income	0.9	0.6	0.5	0.7	0.5
Income Available to Com Excl ExtraOrd	0.9	0.6	0.5	0.7	0.5
Income Available to Com Incl ExtraOrd	0.9	0.6	0.5	0.7	0.5
Basic Weighted Average Shares	44.5	44.5	44.5	44.5	44.5
Basic EPS Excluding ExtraOrdinary Items	0.02	0.01	0.01	0.01	0.01
Basic EPS Including ExtraOrdinary Items	0.02	0.01	0.01	0.01	0.01
Diluted Net Income	0.9	0.6	0.5	0.7	0.5
Diluted Weighted Average Shares	44.5	45.1	45.0	44.8	44.8
Diluted EPS Excluding ExtraOrd Items	0.02	0.01	0.01	0.01	0.01
Diluted EPS Including ExtraOrd Items	0.02	0.01	0.01	0.01	0.01
DPS-Common Stock	0.00	0.00	0.00	0.04	0.00
Gross Dividends - Common Stock	0.0	0.0	0.0	1.9	0.0
Normalized Income Before Taxes	1.2	0.9	0.7	0.8	0.6
Inc Tax Ex Impact of Sp Items	0.3	0.2	0.1	0.1	0.1
Normalized Income After Taxes	0.9	0.7	0.5	0.7	0.5
Normalized Inc. Avail to Com.	0.9	0.7	0.5	0.7	0.5
Basic Normalized EPS	0.02	0.01	0.01	0.01	0.01
Diluted Normalized EPS	0.02	0.01	0.01	0.01	0.01
R&D Expense, Supplemental	0.1	0.1	0.1	0.1	0.1
Interest Expense	0.1	0.1	0.1	0.1	0.0
Finance Expense	0.0	0.0	0.0	0.0	0.0
Depreciation, Supplemental	0.5	0.5	0.5	0.4	0.5
Amortization	0.0	0.0	0.0	0.0	0.0

Annual Balance Sheet

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Reclassified Normal 31-Dec-2007
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	29.1565	31.985	32.818	32.4345	32.585
Auditor	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified
Cash and Cash Equivalent	10.3	7.8	7.4	6.9	5.6
Financial Assets At Fair Value- Current	0.8	3.0	1.0	1.2	0.5
Notes Receivable	0.2	0.2	0.1	0.2	0.2
Accounts Receivable, Gross	14.0	9.2	12.2	9.5	7.9
Assured Accounts Receivable	4.9	1.5	-	-	-
Provision for Doubtful Accounts	-0.3	-0.1	-0.1	-0.1	-0.1
Other Financial Assets - Current	0.7	0.2	0.2	0.2	0.3
Merchandise	1.9	1.3	2.0	1.6	1.2
Raw Materials	5.3	2.9	3.2	3.4	3.6
Supplies	0.5	0.7	0.4	0.4	0.4
Work-in-Process	5.4	2.2	2.4	3.4	3.5
Finished Goods	3.0	1.8	3.5	2.4	2.1
Provision/Allowance for Inventory	-1.0	-1.0	-1.3	-1.3	-1.0
Prepayment	-	0.0	-	-	-
Deferred Income Tax Assets - Current	0.1	0.1	0.1	0.1	0.1
Restricted Assets	0.0	1.5	0.0	-	-
Other Current Assets	0.3	0.3	0.1	0.4	0.3
Total Current Assets	46.3	31.7	31.1	28.2	24.6
Land and Improvements	-	-	4.9	5.0	5.0
Land	5.2	5.1	-	-	-
Buildings and Structures	11.6	11.0	10.6	10.1	9.5
Machinery Equipment	14.2	11.5	10.7	9.2	8.0
Mould Equipment	3.7	3.3	3.2	2.9	2.6
Utilities Equipment	2.1	1.9	1.8	1.5	1.3
Transportation Equipment	0.6	0.6	0.6	0.5	0.5
Office Equipment	0.7	0.6	0.6	0.6	0.6
Leasehold Improvement	1.0	1.1	0.9	0.7	0.6
Miscellaneous Equipment	0.6	0.5	0.7	0.6	0.6
Accumulated Depreciation	-20.1	-17.7	-16.8	-14.9	-13.1
Construction in Progress	-	-	-	0.0	0.0
Prepayment for Equipment	0.1	0.0	0.3	0.0	0.2
Computer Software	0.0	0.0	0.0	0.0	0.1
Deferred Pension Cost	0.1	0.1	0.1	0.1	0.2
Land Use Right, Gross	1.0	1.0	1.0	0.9	0.9
Accumulated Intangible Amortization	-0.3	-0.3	-0.2	-0.2	-0.2
Security Deposits Paid	0.3	0.2	0.1	0.2	0.3
Deferred Charges	-	0.0	-	-	-
Deferred Income Tax Assets - Non Current	0.6	0.6	0.9	0.6	0.3
Total Assets	67.6	51.2	50.5	46.3	41.9
Short Term Borrowings	15.6	9.9	9.7	6.5	5.5
Short Term Notes Payable	2.4	0.9	0.9	0.9	0.6
Notes Payable	0.7	0.5	0.8	1.5	3.3
Accounts Payable	16.4	9.8	10.5	9.8	5.9
Income Taxes Payable	0.3	0.2	0.3	0.4	0.3
Accrued Expenses	3.9	3.5	2.9	2.6	2.6
Other Current Liabilities	0.9	0.5	1.2	0.2	0.5
Total Current Liabilities	40.2	25.4	26.4	21.9	18.6
Long Term Accounts Payable - Related Par	1.9	1.9	-	-	-
Total Long Term Debt	1.9	1.9	-	-	-
Accrued Pension Liabilities	1.5	1.0	0.9	1.2	1.2
Long Term Security Deposits Received	0.4	0.4	0.4	0.3	0.3
Other Liabilities	0.0	-	-	-	-
Minority Interest	-	0.0	1.9	2.1	2.3
Consolidation Credit - Other Liabilities	-	-	0.0	0.1	0.1
Total Liabilities	44.0	28.7	29.5	25.5	22.4
Common Stock	15.3	13.9	13.6	13.7	13.7
Share Premium	1.7	1.5	1.5	1.5	1.5
Capital Gain on LT Investments	0.1	0.1	0.0	-	-
Capital Gain on Subsidy Investments	-	-	-	0.0	0.0
Legal Reserve	1.8	1.4	1.2	1.1	0.9
Special Reserve	0.8	0.7	0.7	0.8	0.8
Retained Earnings	3.7	3.9	2.6	3.1	2.5
Cumulative Translation Adjustment	0.6	1.0	1.3	0.8	0.3
Net Loss Not Recognized as Pension Cost	-0.3	0.0	0.0	-0.2	-0.2
Total Equity	23.6	22.5	20.9	20.8	19.5
Total Liabilities & Shareholders' Equity	67.6	51.2	50.5	46.3	41.9
S/O-Common Stock	44.5	44.5	44.5	44.5	44.5
Total Common Shares Outstanding	44.5	44.5	44.5	44.5	44.5
T/S-Common Stock	0.0	0.0	0.0	0.0	-
Accumulated Intangible Amortization	0.3	0.3	0.2	0.2	0.2
Full-Time Employees	2,218	1,644	1,774	2,055	1,950
Number of Common Shareholders	-	768	619	652	675
Operating Lease Maturing within 1 year	0.5	0.4	0.4	0.3	0.4
Operating Lease Maturing within 2 year	-	0.2	0.2	0.1	0.3
Operating Lease Maturing within 3 years	-	0.2	0.1	-	0.2
Operating Leases - Remaining Payments	0.5	-	-	-	-
Total Operating Leases	1.0	0.8	0.7	0.5	0.8
Accumulated Benefit Obligation	1.6	1.2	1.0	1.2	1.2
Benefit Obligation	1.8	1.3	1.2	1.4	1.4
Fair Value of Plan Assets	0.1	0.1	0.1	0.0	0.0
Funded Status	-1.7	-1.2	-1.0	-1.4	-1.4
Total Funded Status	-1.7	-1.2	-1.0	-1.4	-1.4
Discount Rate	2.00%	2.25%	2.50%	3.00%	2.75%
Rate of Compensation Increase	1.00%	1.00%	1.00%	2.00%	2.00%
Expected Rate of Return on Plan Assets	2.00%	2.25%	2.50%	3.00%	2.75%
Deferred Pension Cost	0.1	0.1	0.1	0.1	0.2
Accrued Pension Liabilities	-1.5	-1.0	-0.9	-1.2	-1.2
Net Assets Recognized on Balance Sheet	-1.4	-1.0	-0.9	-1.0	-1.0

Interim Balance Sheet

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	30.475	28.7235	29.4065	29.1565	31.2415
Cash and Cash Equivalent	10.6	10.6	8.3	10.3	8.2
Notes Receivable	0.2	0.3	0.3	0.2	0.2
Accounts Receivable, Gross	12.9	13.8	12.1	14.0	12.4
Assured Accounts Receivable	2.8	4.8	3.2	4.9	4.8
Provision for Doubtful Accounts	-0.7	-0.4	-0.3	-0.3	-0.2
Other Financial Assets - Current	0.2	0.5	0.8	0.7	0.7
Merchandise	2.6	2.4	2.1	1.9	1.5
Raw Materials	5.3	6.5	7.0	5.3	6.0
Supplies	0.6	0.5	0.7	0.5	0.7
Work-in-Process	4.0	6.2	5.4	5.4	5.8
Finished Goods	4.7	5.0	5.0	3.0	2.3
Provision/Allowance for Inventory	-1.1	-1.1	-1.0	-1.0	-1.1
Deferred Income Tax Assets - Current	0.1	0.1	0.1	0.1	0.1
Restricted Assets	-	0.0	1.0	0.0	4.6
Other Current Assets	0.2	0.5	0.1	0.3	0.3
Financial Asset, Fair Value - Current	1.9	2.7	1.1	0.8	1.6
Total Current Assets	44.4	52.3	46.0	46.3	47.8
Land	5.0	9.1	5.2	5.2	4.9
Buildings and Structures	11.6	11.8	11.6	11.6	11.2
Machinery and Equipment	12.0	12.5	14.4	14.2	13.6
Mould Equipment	2.4	2.9	2.9	3.7	3.5
Utilities Equipment	1.9	2.1	2.1	2.1	2.0
Transportation Equipment	0.5	0.7	0.6	0.6	0.6
Office Equipment	0.6	0.7	0.7	0.7	0.6
Leasehold Improvement	1.0	1.1	1.0	1.0	1.4
Miscellaneous Equipment	0.5	0.5	0.5	0.6	0.6
Accumulated Depreciation	-16.7	-17.9	-19.7	-20.1	-19.4
Construction in Progress	0.1	0.2	-	-	-
Prepayment for Equipment	0.1	0.0	0.1	0.1	0.1
Computer Software Cost	0.0	0.0	0.0	0.0	0.0
Deferred Pension Cost	0.1	0.1	0.1	0.1	0.1
Land Use Right	0.7	0.7	0.7	0.7	0.7
Security Deposits Paid	0.3	0.3	0.9	0.3	0.3
Deferred Income Tax Assets - Non Current	0.6	0.7	0.6	0.6	0.6
Other Assets	4.2	-	-	-	-
Total Assets	69.4	77.7	67.8	67.6	68.5
Short Term Borrowings	20.1	22.7	16.3	15.6	18.5
Short Term Notes Payable	3.9	3.1	2.4	2.4	2.2
Notes Payable	1.5	1.3	0.8	0.7	0.5
Accounts Payable	12.4	16.8	16.1	16.4	17.4
Income Taxes Payable	0.1	0.2	0.4	0.3	0.2
Accrued Expenses	3.8	4.4	3.3	3.9	3.6
Other Payables	-	2.0	-	-	-
Other Current Liabilities	0.5	0.3	0.6	0.9	0.5
Total Current Liabilities	42.3	50.7	40.0	40.2	42.9
Long Term Accounts Payable - Related Par	1.9	1.9	1.9	1.9	1.9
Total Long Term Debt	1.9	1.9	1.9	1.9	1.9
Accrued Pension Liabilities	1.5	1.6	1.5	1.5	1.1
Long Term Security Deposits Received	0.5	0.4	0.4	0.4	0.4
Other Liabilities	-	0.1	-	0.0	-
Total Liabilities	46.2	54.6	43.8	44.0	46.4
Common Stock	14.6	15.5	15.1	15.3	14.3
Share Premium	1.6	1.7	1.6	1.7	1.5
Capital Gain on Investments of Subsi.	0.1	0.1	0.1	0.1	0.1
Legal Reserve	1.9	2.0	1.8	1.8	1.7
Special Reserve	0.8	0.8	0.8	0.8	0.7
Retained Earnings	3.3	2.7	4.2	3.7	2.8
Cumulative Translation Adjustment	1.2	0.6	0.7	0.6	1.0
Net Loss Not Recognized as Pension Cost	-0.3	-0.3	-0.3	-0.3	0.0
Total Equity	23.2	23.1	24.0	23.6	22.1
Total Liabilities & Shareholders' Equity	69.4	77.7	67.8	67.6	68.5
S/O-Common Stock	44.5	44.5	44.5	44.5	44.5
Total Common Shares Outstanding	44.5	44.5	44.5	44.5	44.5
T/S-Common Stock	0.0	0.0	0.0	0.0	0.0
Accumulated Intangible Amortization	0.3	0.3	0.3	0.3	0.3
Full-Time Employees	-	2,215	-	2,218	-
Operating Lease Maturing within 1 year	-	-	-	0.5	0.1
Operating Lease Maturing within 2 years	-	-	-	-	0.3
Operating Leases - Remaining Payments	-	-	-	0.5	0.5
Total Operating Leases	-	-	-	1.0	0.9
Deferred Pension Cost	0.1	0.1	0.1	0.1	0.1
Accrued Pension Liabilities	-1.5	-1.6	-1.5	-1.5	-1.1
Net Assets Recognized on Balance Sheet	-1.4	-1.5	-1.4	-1.4	-1.0

Annual Cash Flows

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Updated Normal 31-Dec-2007	Restated Normal 31-Dec-2007
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	31.497037	33.023867	31.543497	32.848802	32.525305
Auditor	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP	Ernst & Young LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified
Net Income	2.0	2.5	0.9	1.3	0.7
Depreciation	1.7	1.6	1.5	1.4	1.3
Minority Interest	0.0	-0.1	0.4	0.4	0.4
Amortization of Intangibles	0.0	0.0	0.1	0.1	0.1
Loss on Sale of Fixed Assets	0.1	0.0	0.1	0.0	0.0
Notes Receivable	0.0	-0.1	0.1	0.0	0.0
Accounts Receivable	-6.4	1.6	-2.9	-1.5	0.2
Other Financial Assets - Current	-0.4	0.0	0.0	0.1	0.1
Inventories	-6.0	2.5	-0.4	-0.1	-1.5
Deferred Tax Assets	0.0	0.3	-0.3	-0.3	-0.3
Other Current Assets	0.1	-0.1	0.3	-0.1	0.2
Financial Asset, Fair Value	2.3	-1.9	0.2	-0.6	-
Financial Assets for Trading	-	-	-	-	0.5
Notes Payable	0.1	-0.3	-0.7	-1.8	-0.6
Accounts Payable	5.2	-0.9	0.9	3.8	1.1
Tax Payable	0.1	-0.2	-0.1	0.1	-0.1
Accrued Expenses	0.1	0.5	0.4	0.0	0.3
Other Current Liabilities	0.6	-1.0	1.1	-0.3	0.3
Accrued Pension Liabilities	0.1	0.1	0.0	0.1	0.1
Other	0.0	-	-	-	-
Cash from Operating Activities	-0.5	4.3	1.4	2.5	2.8
Capital Expenditure	-3.1	-1.5	-2.3	-1.4	-1.6
Sale of Fixed Assets	0.3	0.0	0.0	0.0	0.0
Computer Software- Increase	0.0	0.0	0.0	0.0	0.0
Security Deposit Paid	0.0	-0.1	0.1	0.1	-0.1
Restricted Assets	1.5	-1.5	-	-	-
Cash from Investing Activities	-1.3	-3.0	-2.2	-1.3	-1.8
Short Term Borrowings, Net	4.4	0.0	3.3	1.0	0.4
Short Term Notes, Net	1.3	0.0	0.0	0.3	0.0
Security Deposit Received	0.0	0.0	0.1	0.0	0.0
Long Term Payables,Related Parties	0.0	1.8	-	-	-
Minority Interest	0.0	-1.8	-0.2	-0.2	-0.4
Directors Remuneration	-	0.0	0.0	0.0	0.0
Employees Bonus	-	0.0	-0.1	-0.1	-0.1
Adjustment	-	0.0	-	-	-
Cash Dividend	-2.3	-1.1	-1.4	-0.9	-1.4
Cash from Financing Activities	3.4	-1.1	1.6	0.1	-1.6
Foreign Exchange Effects	-0.1	0.0	-0.3	-0.1	0.0
Net Change in Cash	1.6	0.2	0.6	1.2	-0.5
Net Cash - Beginning Balance	7.9	7.4	7.1	5.6	6.2
Net Cash - Ending Balance	9.5	7.6	7.7	6.8	5.7
Cash Interest Paid	0.2	0.4	0.4	0.4	0.3
Cash Taxes Paid	0.5	0.9	0.9	0.7	0.8

Interim Cash Flows

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010
Period Length	9 Months	6 Months	3 Months	12 Months	9 Months
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.099862	29.074238	29.305764	31.497037	31.886422
Net Income	1.9	1.1	0.5	2.0	1.3
Depreciation	1.4	0.9	0.5	1.7	1.3
Minority Interest	-	-	-	0.0	-
Amortization of Intangibles	0.0	0.0	0.0	0.0	0.0
Loss on Sale of Fixed Assets	0.2	0.1	0.0	0.1	0.1
Notes Receivable	0.0	-0.1	-0.1	0.0	0.0
Accounts Receivable	3.0	0.8	3.5	-6.4	-5.9
Other Financial Assets - Current	0.5	0.3	-0.1	-0.4	-0.5
Inventories	-1.7	-4.1	-4.2	-6.0	-6.9
Deferred Tax Assets	0.0	0.0	0.1	0.0	0.1
Other Current Assets	0.0	-0.2	0.1	0.1	0.0
Financial Asset, Fair Value	-1.2	-1.8	-0.3	2.3	1.4
Notes Payable	0.9	0.6	0.1	0.1	0.0
Accounts Payable	-3.4	0.1	-0.1	5.2	7.1
Tax Payable	-0.2	-0.1	0.0	0.1	0.0
Accrued Expenses	0.0	0.4	-0.6	0.1	0.0
Other Current Liabilities	-0.3	-0.6	-0.2	0.6	0.3
Accrued Pension Liabilities	0.1	0.0	0.0	0.1	0.1
Other Liabilities	0.0	0.0	0.0	0.0	-
Cash from Operating Activities	1.1	-2.6	-0.8	-0.5	-1.6
Capital Expenditure	-1.0	-4.6	-0.3	-3.1	-2.8
Sale of Fixed Assets	0.0	0.0	0.0	0.3	0.3
Computer Software Cost Increase	0.0	0.0	0.0	0.0	0.0
Security Deposit Paid	-0.1	0.0	-0.7	0.0	0.0
Restricted Assets	0.0	-	-1.0	1.5	-3.0
Other Assets	-4.4	-	-	-	-
Cash from Investing Activities	-5.6	-4.7	-2.0	-1.3	-5.4
Short Term Borrowings, Net	5.4	6.8	0.8	4.4	8.1
Short Term Notes, Net	1.7	0.7	0.0	1.3	1.3
Long Term Payable - Related Parties	-	-	-	0.0	-
Security Deposit Received	0.1	0.0	0.1	0.0	0.0
Minority Interest	0.0	-	-	0.0	0.0
Cash Dividend - Common Stock	-1.9	-	-	-2.3	-2.2
Cash from Financing Activities	5.3	7.4	0.9	3.4	7.2
Foreign Exchange Effects	-0.1	0.0	0.0	-0.1	0.0
Net Change in Cash	0.8	0.1	-1.9	1.6	0.1
Net Cash - Beginning Balance	10.3	10.3	10.2	7.9	7.8
Net Cash - Ending Balance	11.1	10.4	8.4	9.5	8.0
Cash Interest Paid	0.2	0.1	0.1	0.2	0.1
Cash Taxes Paid	0.8	0.4	0.0	0.5	0.4

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.14
UK Pound	1	Rs.83.08
Euro	1	Rs.69.25

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
----	NB	New Business	----

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.