|
Report Date : |
26.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
VIA TECHNOLOGIES, INC. |
|
|
Registered Office : |
8F., No.535, Chung Chen Rd., Xindian Dist., New Taipei City 231 |
|
|
|
|
|
|
Country : |
|
|
|
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
|
|
Date of Incorporation : |
09.21.1992 |
|
|
|
|
|
|
Com. Reg. No.: |
86870786 |
|
|
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
|
|
Line of Business : |
Manufacturing and sales of electronic components, board, and system etc |
|
|
|
|
|
|
No. of Employees : |
About 1,200 Employees |
|
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 : |
Slow but correct |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
TAIWAN - ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist
economy with gradually decreasing government guidance of investment and foreign
trade. In keeping with this trend, some large, state-owned banks and industrial
firms have been privatized. Exports, led by electronics, machinery, and
petrochemicals have provided the primary impetus for economic development. This
heavy dependence on exports exposes the economy to fluctuations in world
demand. In 2009, Taiwan's GDP contracted 1.9%, due primarily to a 20%
year-on-year decline in exports. In 2010 GDP grew 10.9%, as exports returned to
the level of previous years, and in 2011, grew 5.2%. However, 2012 growth will
likely be less, according to most forecasters, because of softening global
demand. Taiwan's diplomatic isolation, low birth rate, and rapidly aging
population are major long-term challenges. Free trade agreements have
proliferated in East Asia over the past several years, but so far Taiwan has
been excluded from this greater economic integration largely because of its
diplomatic status with the exception of the landmark Economic Cooperation
Framework Agreement (ECFA) signed with China in June 2010. The MA
administration has said that the ECFA will serve as a stepping stone toward
trade pacts with other regional partners, and negotiations on a deal with
Singapore began this year. Follow-on components of ECFA, including deals on
trade in goods, services, and investment, have yet to be completed. Taiwan's
Total Fertility rate of just over one child per woman is among the lowest in
the world, raising the prospect of future labor shortages, falling domestic
demand, and declining tax revenues. Taiwan's population is aging quickly, with
the number of people over 65 accounting for 10.9% of the island's total
population as of 2011. The island runs a large trade surplus, and its foreign
reserves are the world's fourth largest, behind China, Japan, and Russia. Since
2005 China has overtaken the US to become Taiwan's second-largest source of
imports after Japan. China is also the island's number one destination for
foreign direct investment. Three financial memorandums of understanding,
covering banking, securities, and insurance, took effect in mid-January 2010,
opening the island to greater investments from the mainland's financial firms
and institutional investors, and providing new opportunities for Taiwan
financial firms to operate in China. Closer economic links with the mainland
bring greater opportunities for the Taiwan economy, but also poses new
challenges as the island becomes more economically dependent on China while
political differences remain unresolved.
Source
: CIA
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
1F, 531, Zhongzheng Rd, Xindian District,
New Taipei City 231, Taiwan, R.O.C. |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2218-5452 |
|
Fax Number: |
|
|
E-mail: |
|
|
Website: |
Notes: The supplied address belongs to subject’s a related company in mainland China
and the supplied name also belongs to subject; the correct name and address are
as above.
|
Credit Opinion: |
|
Registered Name: |
Via Technologies, Inc. |
|
Registered Address: |
8F., No.535, Chung Chen Rd., Xindian Dist., New Taipei City 231, Taiwan
(R.O.C.) |
|
Date of Foundation: |
1992-9-21 |
|
Registration Number: |
86870786 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 15,000,000,000
(USD 511,500,000) (As of 2012.10, 1 NTD = 0.0341 USD) |
|
Paid-up Capital: |
NTD 4,933,034,410 (USD 168,216,473.381) |
|
Legal Representatives: |
Xuehong Wang |
|
Legal Form: |
|
|
Principal Activities: |
Manufacturing and sales
of electronic components, board, and system etc |
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Subject was incorporated on 1992-9-21 with registered
number 86870786 as Joint Stock Company in Taiwan.
Awards
|
Year |
Awards |
|
2009 |
Blue chip
importer and exporter |
|
2010 |
Blue chip
importer and exporter |
Standard of Blue chip
importer and exporter
Unit:
USD
|
Year |
Amount |
|
2009 |
15,000,000 |
|
2010 |
20,000,000 |
|
Name |
Subscription Shares |
|
Xuehong Wang |
34,629,196 |
|
Wenqi Chen |
|
|
7,353,682 |
|
|
Ziwu Lin |
5,784,119 |
|
Hong Da International Electronic Corporation
(Literal Translation) |
8,546 |
|
Li Wei Investment Corporation (Literal
Translation) |
12,572,680 |
|
Yunming Xie |
48,509 |
The information
above is that of subject’s major shareholders.
Related Companies
|
1 |
|
|
Name |
VIA Technologies
(China) Co., Ltd. |
|
Address |
VIA Building,
Tsinghua Science Park Building 7, No.1 Zhongguancun East Road, Haidian
District, Beijing-100084 China |
|
Telephone Number |
+86-10-5985-2288 |
|
Fax Number |
+86-10-5985-2299 |
|
2 |
|
|
Name |
VIA Technologies
(Shanghai) Co., Ltd. |
|
Address |
No.2537, Jinke
Road , Zhangjiang Hi-Tech Park, Pudong New Area, Shanghai 201203, China |
|
Telephone Number |
+86-21-3876-4688 |
|
Fax Number |
+86-21-5027-4863 |
|
3 |
|
|
Name |
VIA Technologies
(Shenzhen) Co., Ltd. |
|
Address |
18F, Fiyta
Hi-tech Building, Gaoxinnanyi Avenue, Nanshan District, Shenzhen-518057 China |
|
Telephone Number |
+86-755-3363-0666 |
|
Fax Number |
+86-755-3363-0688 |
|
4 |
|
|
Name |
VIA Technologies,
Japan K.K. |
|
Address |
3-15-7 Ebisu MT
Bldg. 6F. Higashi, Shibuya-ku, Tokyo 150-0011 Japan |
|
Telephone Number |
+81-3-546-61637 |
|
Fax Number |
+81-3-546-61638 |
|
5 |
|
|
Name |
VIA
Technologies, Korea |
|
Address |
2F, Sangjin Bldg.,
417 Dogok-Dong, Gangnam-Gu, Seoul 135-854 Korea |
|
Telephone Number |
+82-2-571-2986 |
|
Fax Number |
+82-2-571-2987 |
|
6 |
|
|
Name |
VIA
Technologies, GmbH, Germany |
|
Address |
In den Dauen 6,
53117 Bonn , Germany |
|
Telephone Number |
+49-228-688565-0 |
|
Fax Number |
+49-228-688565-19 |
|
7 |
|
|
Name |
VIA
Technologies, Inc., USA |
|
Address |
940 Mission
Court, Fremont, CA 94539 USA |
|
Telephone Number |
+1-510-683-3300 |
|
Fax Number |
+1-510-687-4654 |
|
8 |
|
|
Name |
VIA Centaur |
|
Address |
7600-C N.
Capital of Texas Hwy, Suite 300, Austin, TX 78731, USA |
|
9 |
|
|
Name |
VIA Technologies
CPU, Inc. |
|
Address |
701 Highlander
Blvd., Suite 300, Arlington, Texas 76015, USA |
Branch Companies
|
1 |
|
|
Name |
Hsin-Chu Branch |
|
Address |
2F,9, Li-Hsin
Rd. V. Science-Based Industrial Park, Hsin-Chu 300 Taiwan |
|
Registration
Number |
12800034 |
|
Date of
Registration |
2001-12-12 |
|
Telephone Number |
+886-3-666-7336 |
|
Fax Number |
+886-3-666-7645 |
|
Status |
Live Company |
|
Manager Name |
Wenqi Chen |
|
Date of Last
Annual Return |
2001-12-12 |
|
2 |
|
|
Name |
Kaohsiung Branch |
|
Address |
7F, 10, West 5th
Rd., NanTze Export Processing Zone, Kaohsiung, 811, Taiwan |
|
Registration
Number |
22101397 |
|
Date of
Registration |
1997-8-18 |
|
Telephone Number |
+886-7-364-1047 |
|
Fax Number |
+886-7-364-7739 |
|
Status |
Live Company |
|
Manager Name |
Wenqi Chen |
|
Date of Last
Annual Return |
1997-8-18 |
Core
Management
Directors
|
1 |
|
|
Name |
Xuehong Wang |
|
Position |
Board Director |
|
2 |
|
|
Name |
Wenqi Chen |
|
Position |
Director |
|
Date of
Appointment |
1997-12-31 |
|
3 |
|
|
Name |
Ziwu Lin |
|
Position |
Director |
|
Date of Appointment |
1997-12-31 |
|
4 |
|
|
Name |
Ziwu Lin |
|
Position |
Director |
|
5 |
|
|
Name |
Qingdong Liu |
|
Position |
Director |
|
6 |
|
|
Name |
Rijiang Yu |
|
Position |
Director |
|
7 |
|
|
Name |
Li Wei
Investment Corporation (Literal Translation) |
|
Position |
Supervisor |
|
8 |
|
|
Name |
Yunming Xie |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 1,200 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
1F, 531, Zhongzheng Rd, Xindian District, New Taipei City 231, Taiwan,
R.O.C. |
Production
Information
l
Subject is engaged in manufacturing of electronic components, board, and
system etc.
l
Subject has factories in mainland
China, USA, and Europe, etc for production.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CC01060 |
Manufacturing of cable communication mechanical |
|
CC01070 |
Manufacturing of wireless communication mechanical |
|
CC01080 |
Manufacturing of electronic components |
|
CC01110 |
Manufacturing of computer and office equipment |
|
E605010 |
Installation of computer |
|
F113050 |
Wholesale of computer and office equipment |
|
F113070 |
Wholesale of telecom equipment |
|
F118010 |
Wholesale of software |
|
F119010 |
Wholesale of electronic materials |
|
F213030 |
Retail of computer and office equipment |
|
F213060 |
Retail of telecom equipment |
|
F218010 |
Retail of software |
|
F219010 |
Retail of electronic materials |
|
F401010 |
International trade business |
|
F401021 |
Import of telecommunication regulation Rf
equipment |
|
F601010 |
Intellectual property industry |
|
I301010 |
Software service |
|
I301020 |
Service of data processing |
|
I501010 |
Product design |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
The components and raw materials for production are
purchased both home and abroad.
l
Subject is engaged in sales of electronic
components, board, and system, etc.
l
Subject’s sales regions include Asia, Europe, and
America, etc.
l
Subject has their own brand “VIA”.
l
The products sold by subject are applied to PC,
mobile, personal electronics, thin client and embedded device markets
Major products
sold
|
Type |
Product |
|
Components |
Processors, Chipsets, Graphics, Audio, Video
Display |
|
Embedded Products |
Embedded Processing, Embedded Boards, Embedded
Systems, ARTiGO & M'SERV |
|
Systems |
Notebooks & Mini-Notes, UMPCs & Tablet
PCs, Power-Efficient PCs, Embedded Systems & Thin Clients |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
|
Components and raw materials |
COD, CBD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Components and raw materials |
CBD, etc |
100% |
Sales
Domestic Markets (Taiwan and Mainland, China)
|
Sales Terms |
Proportion |
|
|
Electronic components, etc |
COD, CBD, Credit Sale,
etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Electronic components, etc |
CBD, etc |
100% |
Notes: Subject’s settlement for export is generally in USD
Unit: NTD/000
|
Date |
2012-9-30 |
2011-9-30 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
1,238,862.00 |
458,321.00 |
|
Financial assets measured at fair value through
profit or loss - current |
1,235,504.00 |
2,918,946.00 |
|
Available-for-sale financial assets - current |
59,402.00 |
18,158.00 |
|
Notes receivable - net |
9,212.00 |
16,164.00 |
|
Accounts receivable - net |
59,698.00 |
193,504.00 |
|
Accounts receivable - related parties - net |
124,396.00 |
116,671.00 |
|
Other receivables |
96,204.00 |
88,739.00 |
|
Inventories |
733,804.00 |
1,169,238.00 |
|
Other current assets |
318,767.00 |
293,087.00 |
|
Current assets |
3,875,849.00 |
5,272,828.00 |
|
Funds and Investments |
|
|
|
Financial assets carried at cost - non current |
23,223.00 |
54,065.00 |
|
Equity investments under equity method |
2,345,129.00 |
1,995,419.00 |
|
Investments |
2,345,129.00 |
1,995,419.00 |
|
Funds and long-term investments |
2,368,352.00 |
2,049,484.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Land |
789,701.00 |
789,701.00 |
|
Buildings and structures |
446,099.00 |
445,009.00 |
|
Machinery and equipment |
27,826.00 |
27,024.00 |
|
Computer and telecommunication equipment |
54,652.00 |
51,982.00 |
|
Testing equipment |
37,427.00 |
32,088.00 |
|
Transportation equipment |
2,987.00 |
2,987.00 |
|
Office equipment |
959.00 |
1,034.00 |
|
Leasehold improvements |
3,806.00 |
2,388.00 |
|
Fixed assets cost |
1,363,457.00 |
1,352,213.00 |
|
Accumulated depreciation |
-220,048.00 |
-190,395.00 |
|
Fixed assets |
1,143,409.00 |
1,161,818.00 |
|
Intangible Assets |
|
|
|
Patents |
6,904.00 |
14,550.00 |
|
Intangible assets |
6,904.00 |
14,550.00 |
|
OtherAssets |
|
|
|
Rental assets |
224,078.00 |
230,104.00 |
|
Guarantee deposits paid |
13,594.00 |
13,683.00 |
|
Deferred charges |
149,726.00 |
162,495.00 |
|
Deferred income tax assets - non current |
18,788.00 |
156,443.00 |
|
Other assets |
406,186.00 |
562,725.00 |
|
Assets |
7,800,700.00 |
9,061,405.00 |
|
Liabilities and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Financial liabilities measured at fair value
through profit or loss - current |
121.00 |
4,677.00 |
|
Notes payable |
1,643.00 |
3,374.00 |
|
Accounts payable |
517,774.00 |
764,364.00 |
|
Accounts payable - related parties |
49,080.00 |
48,396.00 |
|
Accrued expenses |
325,208.00 |
329,236.00 |
|
Long-term liabilities - current portion |
0.00 |
1,080,000.00 |
|
Other current liabilities |
237,759.00 |
190,595.00 |
|
Current liabilities |
1,131,585.00 |
2,420,642.00 |
|
Long term Liabilities |
|
|
|
Long-term borrowings |
1,000,000.00 |
500,000.00 |
|
Long-term liabilities |
1,000,000.00 |
500,000.00 |
|
Reserves |
|
|
|
Other Liabilities |
|
|
|
Other liabilities |
279,550.00 |
159,828.00 |
|
Liabilities |
2,411,135.00 |
3,080,470.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common stock |
4,933,034.00 |
9,866,069.00 |
|
Capital Surplus |
|
|
|
Capital surplus - long-term equity investments |
257,461.00 |
257,461.00 |
|
Capital surplus |
257,461.00 |
257,461.00 |
|
Retained Earnings |
|
|
|
Unappropriated retained earnings |
-440,410.00 |
-4,793,548.00 |
|
Retained earnings |
-440,410.00 |
-4,793,548.00 |
|
Stockholders' Equity and Other adjustment |
|
|
|
Cumulative translation adjustments |
598,775.00 |
645,301.00 |
|
Unrealized gains (losses) on financial
instruments |
40,705.00 |
5,652.00 |
|
Equity adjustments |
639,480.00 |
650,953.00 |
|
Stockholders’ equity |
5,389,565.00 (USD 183,784,166.50) |
5,980,935.00 (USD 203,949,883.50) |
|
Number of treasury stock acquired by the company
and subsidiaries (unit: share) |
0.00 |
0.00 |
|
|
0.00 |
0.00 |
(As of 2012.10, 1 NTD =
0.0341 USD)
Unit: NTD/000
|
Date |
2012-1-1~2012-9-30 |
2011-1-1~2011-9-30 |
|
Sales |
2,815,440.00 (USD 96,006,504) |
3,622,185.00 (USD 123,516,508.50) |
|
Sales returns |
2,461.00 |
9,680.00 |
|
Sales discounts and allowances |
235,911.00 |
241,140.00 |
|
Sales |
2,577,068.00 |
3,371,365.00 |
|
Other operating revenue |
12,359.00 |
9,033.00 |
|
Operating income |
2,589,427.00 |
3,380,398.00 |
|
Operating costs |
1,699,338.00 |
2,182,545.00 |
|
Gross profit (loss) from operations |
890,089.00 |
1,197,853.00 |
|
Unrealized gains on intercompany transactions |
3,294.00 |
2,209.00 |
|
Realized gains on intercompany transactions |
3,464.00 |
2,598.00 |
|
Selling expense |
219,364.00 |
357,651.00 |
|
General and administrative expenses |
271,198.00 |
286,217.00 |
|
Research and development expenses |
741,020.00 |
779,592.00 |
|
Operating expenses |
1,231,582.00 |
1,423,460.00 |
|
Operating income (loss) |
-341,323.00 |
-225,218.00 |
|
Non-Operating Income |
|
|
|
Interest income |
4,204.00 |
2,095.00 |
|
Dividends |
169,185.00 |
152,180.00 |
|
Investment income |
169,185.00 |
152,180.00 |
|
Gains on disposal of fixed assets |
490.00 |
1,523.00 |
|
Gains on sale of investments |
155,594.00 |
6,670.00 |
|
Foreign exchange gains |
16,286.00 |
28,247.00 |
|
Rent income |
11,145.00 |
10,254.00 |
|
Reversal of provision for bad debts |
5,104.00 |
5,953.00 |
|
Miscellaneous income |
108,352.00 |
148,502.00 |
|
Non-operating revenues and gains |
470,360.00 |
355,424.00 |
|
Non-Operating Expenses |
|
|
|
Interest expense |
5,936.00 |
19,678.00 |
|
Losses from long-term equity investments under
the equity method |
2,207,800.00 |
1,720,863.00 |
|
Investment loss |
2,207,800.00 |
1,720,863.00 |
|
Impairment loss on assets |
5,881.00 |
0.00 |
|
Revaluation loss on financial assets |
884,626.00 |
754,530.00 |
|
Revaluation loss on financial liabilities |
121.00 |
4,677.00 |
|
Miscellaneous disbursements |
4,521.00 |
8,564.00 |
|
Non-operating expenses and losses |
3,108,885.00 |
2,508,312.00 |
|
Income from continuing operations before income
tax |
-2,979,848.00 |
-2,378,106.00 |
|
Income tax expense (benefit) |
56,989.00 |
276,973.00 |
|
Income from continuing operations |
-3,036,837.00 |
-2,655,079.00 |
|
Net income (loss) |
-3,036,837.00 (USD -103,556,141.70) |
-2,655,079.00 (USD -90,538,193.90) |
|
Primary Earnings per Share |
|
|
|
Primary earnings per share |
-6.16 |
-5.38 |
|
Diluted earnings per share |
|
|
(As of 2012.10, 1 NTD =
0.0341 USD)
Unit: NTD/000
|
Date |
2012-1-1~2012-9-30 |
2011-1-1~2011-9-30 |
|
Net Income (Loss) |
(3,036,837) |
(2,655,079) |
|
Adjustments to Reconcile Net Income to Net Cash
Provided by (Used in) Operating Activities |
|
|
|
Depreciation Expense |
26,752 |
31,837 |
|
Amortization Expense |
49,440 |
58,773 |
|
Difference Between Net Pension Cost and Plan
Contribution |
-2,475 |
-2,820 |
|
Investment Loss (Income) Recognized under Equity
Method |
2,207,800 |
1,720,863 |
|
Cash Dividends Received from Investments
Accounted for under Equity Method |
20,323 |
48,721 |
|
Loss (Gain) on Disposal of Property, Plan and
Equipment |
-490 |
-1,523 |
|
Loss (Gain) on Disposal of Investments |
-154,855 |
-5,954 |
|
Impairment Losses on Financial Asset |
5,881 |
0 |
|
Loss (Gain) on Deferred Income Tax |
57,000 |
276,471 |
|
Changes in Operating Assets and Liabilities |
|
|
|
Decrease (Increase) in Financial Assets Held for
Trading |
884,626 |
754,530 |
|
Decrease (Increase) in Notes Receivable |
2,647 |
23,068 |
|
Decrease (Increase) in Accounts Receivable |
107,106 |
6,575 |
|
Decrease (Increase) in Accounts Receivable - Related
Parties |
-189 |
101,705 |
|
Decrease (Increase) in Other Receivables |
16,769 |
18,676 |
|
Decrease (Increase) in Inventories |
386,401 |
37,699 |
|
Decrease (Increase) in Other Current Assets |
36,249 |
31,252 |
|
Increase (Decrease) in Financial Liabilities Held
for Trading |
-8,021 |
-2,610 |
|
Increase (Decrease) in Notes Payable |
204 |
474 |
|
Increase (Decrease) in Accounts Payable |
-107,354 |
-190,512 |
|
Increase (Decrease) in Accounts Payable - Related
Parties |
-27,070 |
-37,232 |
|
Increase (Decrease) in Income Tax Payable |
0 |
-231,188 |
|
Increase (Decrease) in Accrued Expenses |
-222,885 |
-275,531 |
|
Increase (Decrease) in Other Current Liabilities |
20,935 |
-13,629 |
|
Increase (Decrease) in Deferred Credits |
0 |
1,896 |
|
Net Cash Provided by (Used in) Operating
Activities |
261,957 |
-303,538 |
|
Cash Flows from Investing Activities |
|
|
|
Proceeds from Disposal of Available-for-sale
Financial Assets |
169,764 |
18,173 |
|
Capital Reduction of Financial Assets Carried at
Cost |
1,386 |
0 |
|
Acquisition of Investments Accounted for by
Equity Method |
-751,746 |
-1,774,930 |
|
Purchase of Property, Plant and Equipment |
-12,627 |
-13,375 |
|
Proceeds from Disposal of Property, Plant and
Equipment |
1,600 |
0 |
|
Decrease (Increase) in Refundable Deposits |
89 |
109 |
|
Decrease (Increase) in Restricted Assets |
-90,000 |
0 |
|
Purchase of Intangible Assets |
-37,660 |
-184,793 |
|
Net Cash Provided by (Used in) Investing
Activities |
-719,194 |
-1,954,816 |
|
Cash Flows from Financing Activities |
|
|
|
Proceeds from Long-term Debt |
350,000 |
1,580,000 |
|
Increase (Decrease) in Guarantee Deposits
Received |
30 |
-3,203 |
|
Net Cash Provided by (Used in) Financing
Activities |
350,030 |
1,576,797 |
|
Net Increase (Decrease) in Cash and Cash
Equivalents |
-107,207 |
-681,557 |
|
Cash and Cash Equivalents, Beginning of year |
1,346,069 |
1,139,878 |
|
Cash and Cash Equivalents, End of year |
1,238,862 |
458,321 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid |
5,765 |
18,951 |
|
Interest Paid- Excluding Capitalized Interest |
5,765 |
18,951 |
|
Income Tax Paid |
368 |
231,890 |
|
Non-cash Investing and Financing Activities |
|
|
|
Current Portion of Long-term Liabilities |
0 |
1,080,000 |
|
Property, Plan and Equipment Transferred to
Rental Assets |
0 |
12,990 |
|
Capital Surplus to Offset Accumulated Deficits |
0 |
690,000 |
|
Others |
8,290,831 |
6,991 |
|
Investing Activities Affecting Both Cash and
Non-cash Items |
|
|
|
Cash Paid for Acquisition of Property, Plant and
Equipment |
|
|
|
Increase in Property, Plant and Equipment |
47,230 |
188,342 |
|
Increase (Decrease) in Payable for Equipment
Purchased |
3,057 |
9,826 |
|
Cash Paid for Acquisition of Property, Plant and
Equipment |
50,287 |
198,168 |
|
Cash Received from Disposal of Property, Plant
and Equipment |
|
|
|
Proceeds from Disposal of Property, Plant and
Equipment |
1,600 |
503 |
|
Decrease (Increase) in Other Receivables-
Disposal of Property, Plant and Equipment |
0 |
(503) |
|
Cash received from Disposal of Long-term
Investments under Equity Method |
1,600 |
0 |
Subject declined to disclose its bank details; from other source we
cannot obtain the relevant information, either.
Mortgage
No chattel mortgage record of subject has been found within the recent 3
months.
Lawsuit
Up to date of
reporting, no existing or latent litigation of the subject has been found.
|
Name |
Mr. Xie |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.63 |
|
|
1 |
Rs.86.17 |
|
Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.