|
Report Date : |
12.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
NAN YA PLASTICS CORPORATION |
|
|
|
|
Registered Office : |
No.35-1, Jhongshan 3rd Rd., Cianjhen
District, Kaohsiung City 806, Taiwan (R.O.C.) |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
22.08.1958 |
|
|
|
|
Com. Reg. No.: |
75370905 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of chemical
products, plastic products, fiber products, electronic materials and
petrochemical products. |
|
|
|
|
No. of Employees : |
12,000 |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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. 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 1.8%, due primarily to a 13.1% year-on-year decline in exports. In 2010 GDP grew 10.7%, as exports returned to the level of previous years, and in 2011, grew 4.0%. In 2012, however, growth fell to 1.3%, 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 except for the landmark Economic Cooperation Framework Agreement (ECFA) signed with China in June 2010, so far Taiwan has been excluded from this greater economic integration in part because of its diplomatic status. Negotiations continue on such follow-on components of ECFA regarding trade in goods and services. The MA administration has said that the ECFA will serve as a stepping stone toward trade pacts with other key trade partners, which Taiwan subsequently launched with Singapore and New Zealand. 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 11.2% of the island's total population as of 2012. The island runs a large trade surplus largely because of its surplus with China, and its foreign reserves are the world's fifth largest, behind China, Japan, Saudi Arabia, and Russia. In 2006 China overtook 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. In August 2012, Taiwan Central Bank signed a memorandum of understanding on cross-Strait currency settlement with its Chinese counterpart. The MOU allows for the direct settlement of Chinese RMB and the New Taiwan dollar across the Strait, which could help develop Taiwan into a local RMB hub. 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: |
Nan Ya Plastics Corporation |
|
Supplied Name: |
NANYA PLASTICS CORPORATION |
|
Trading Address: |
No.35-1, Jhongshan 3rd Rd., Cianjhen District, Kaohsiung City 806,
Taiwan (R.O.C.) |
|
Supplied Address: |
201 TUNG HWA NORTH ROAD TAIPEI TAIWAN ROC |
|
Telephone Number: |
+886-2 2712-2211 |
|
Fax Number: |
+886-2 2717-8533 |
|
E-mail: |
|
|
Website: |
Notes: We
contacted with the subject through the telephone number +886-2 2712-2211,
subject introduced that the supplied address is address of its Taipei Branch,
and the exact address is as above.
|
Registered Name: |
Nan Ya Plastics Corporation |
|
Registered Address: |
No.35-1, Jhongshan 3rd Rd., Cianjhen District, Kaohsiung City 806,
Taiwan (R.O.C.) |
|
Date of Foundation: |
1958-8-22 |
|
Registration Number: |
75370905 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 79,308,215,890 (USD 2,656,825,232) (As of 2013.12, 1 NTD = 0.0339 USD) |
|
Paid-up Capital: |
NTD 79,308,215,890 (USD 2,656,825,232) |
|
Legal Representatives: |
Jiazhao Wu |
|
Legal Form: |
|
|
Principal Activities: |
Manufacturing and sales
of chemical products, plastic products, fiber products, electronic materials
and petrochemical products. |
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Subject
was incorporated on
Subject was listed
on Taiwan Stock Exchange on 1967-11-5.
|
Name |
Subscription Shares |
|
Jiazhao Wu |
79,030 |
|
Wenyuan Wang |
628,829 |
|
Formosa Petrochemical Corporation |
179,214,423 |
|
Ruiyu Wang |
19,052,421 |
|
Yunpeng Zhu |
1,199 |
|
Qinren Wu |
67,413 |
|
Guiyun Wang |
11,613,271 |
|
Formosa Chemicals & Fibre Corp. |
413,327,750 |
|
Mingren Zou |
188,742 |
|
Fengqin Lin |
25,458 |
|
Yuanshan Liu |
52,645 |
|
Richun Jian |
303,377 |
|
Fu Lin Investment Co., Ltd (Liberal Translation) |
3,287,472 |
|
Formosa Plastics Corporation |
783,260,376 |
|
Deyao Chen |
293 |
The information
above is that of subject’s major shareholders.
Shareholder
Information:
|
1 |
|
|
Registered Name: |
Formosa Plastics Corporation |
|
Registered Address: |
No.39, Chung Shan 3rd Rd., Kaohsiung City, Taiwan, R.O.C. |
|
Date of Foundation: |
1954-11-5 |
|
Registration Number: |
75708007 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 63,657,407,810 (USD 213,523,162 ) (As of 2013.12, 1 NTD = 0.0335 USD) |
|
Paid-up Capital: |
NTD 63,657,407,810 (USD 213,523,162 ) |
|
Legal Representatives: |
Zhicun Li |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-8-6 |
|
Telephone Number: |
+886-2-27122211 |
|
Fax Number: |
+886-2-27175287 |
|
2 |
|
|
Registered Name: |
Fu Lin
Investment Co., Ltd (Liberal Translation) |
|
Registered Address: |
1F., No.103, Sec. 2, Ziyou Rd., Central Dist., Taichung City, Taiwan
(R.O.C.) |
|
Date of Foundation: |
2006-1-12 |
|
Registration Number: |
28075924 |
|
Registry: |
Taichung City Government |
|
Registered Capital: |
NTD 454,450,000 (USD 15,224,075) (As of 2013.12, 1 NTD = 0.0335 USD) |
|
Legal Representatives: |
Wen Zhang |
|
Legal Form: |
Private Limited Liability Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2009-8-14 |
|
3 |
|
|
Registered Name: |
Formosa Chemicals & Fibre Corp. |
|
Registered Address: |
No. 359, Chungshan Road, Sec. 3, Chang Hwa City, Chang Hwa County,
Taiwan, R.O.C. |
|
Date of Foundation: |
1965-3-5 |
|
Registration Number: |
58650902 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 58,611,862,910 (USD 1,963,497,407) (As of 2013.12, 1 NTD = 0.0335 USD) |
|
Paid-up Capital: |
NTD 58,611,862,910 (USD 1,963,497,407) |
|
Legal Representatives: |
Wenyuan Wang |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-8-15 |
|
Telephone Number: |
+886-2-2712-2211 |
|
Fax Number: |
+886-2-2713-3229 |
|
4 |
|
|
Registered Name: |
Formosa Petrochemical Corporation |
|
Registered Address: |
No.1-1,Formosa Plastic Group Industrial Zone,Mai-Liao Township, Yunlin
County,Taiwan,R.O.C. |
|
Date of Foundation: |
1992-4-6 |
|
Registration Number: |
86522210 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 95,259,596,520 (USD 3,191,196,483) (As of 2013.12, 1 NTD = 0.0335 USD) |
|
Paid-up Capital: |
NTD 95,259,596,520 (USD 3,191,196,483) |
|
Legal Representatives: |
Baolang Chen |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-6-25 |
|
Telephone Number: |
+886-2-2712-2211 |
|
Fax Number: |
+886-2-2718-6296 |
Related Companies
|
1 |
|
|
Name |
Nan Ya
Technology Corporation |
|
Address |
Hwa Ya
Technology Park, 669, Fu Hsing 3rd Rd., Kueishan, Taoyuan 333, Taiwan |
|
Tel |
+886-3-328-1688 |
|
Fax |
+886-3-396-0997 |
|
2 |
|
|
Name |
Inotera Memories
Inc |
|
Address |
667, Fuhsing 3rd
Rd, Hwa-Ya Technology Park, Kueishan, Taoyuan 333, Taiwan |
|
Tel |
+886-3-327-2988 |
|
3 |
|
|
Name |
Nan Ya Printed
Circuit Board Corp |
|
Address |
No.338, Sec.1
Nankan Rd., Luchu Hsiang, Taoyuan County, Taiwan |
|
Tel |
+886-3-322-3751 |
|
4 |
|
|
Name |
Nan Ya Plastic
Corporation America |
|
Address |
9 Peach Tree
Hill Road, Livingston, NJ 07039 |
|
Tel |
+1-973-992-2090 |
|
Fax |
+1-973-716-7470 |
|
5 |
|
|
Name |
Nan Ya Photonics
Inc. |
|
Address |
No. 55, Wei Wang
St., Shu-Lin, Taipei County, Taiwan238, R.O.C. |
|
Tel |
+886-2-2680-6311 |
|
Fax |
+886-2-2680-9611 |
Factories
|
1 |
|
|
Name: |
Kaohsiung Plant |
|
Address: |
No.35-1, Jhongshan 3rd Rd., Cianjhen District, Kaohsiung City 806,
Taiwan (R.O.C.) |
|
Date of Foundation: |
1957-7-9 |
|
Date of Registration: |
1959-1-1 |
|
Factory Registration Number: |
64000002 |
|
Factory Manager: |
Zongyang Su |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2009-10-16 |
|
Major Products: |
184 Synthetic
resin, plastic and rubber 220
Plastic-rubber products 283 Electric
wire and wiring accessories |
|
2 |
|
|
Name: |
Tai Ran Plant |
|
Address: |
No.57, Weiwang
Street, Shu Lin Distict, New Taipei
Taiwan (R.O.C.) |
|
Date of Foundation: |
1969-1-1 |
|
Date of Registration: |
1978-5-15 |
|
Factory Registration Number: |
99601027 |
|
Factory Manager: |
Jianfa Weng |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-9-23 |
|
Major Products: |
114 Printing and
dyeing finishing |
Branch Companies
|
1 |
|
|
Name |
Mai Liao Branch |
|
Registered
Address |
No.1-1, Formosa
Industrial Park, Sansheng Village, Miaoliao Township, Yunlin County, Taiwan |
|
Registration
Number |
84897162 |
|
Date of
Registration |
1994-10-3 |
|
Manager Name |
Yizhong Cai |
|
Date of Last
Annual Return |
2009-4-3 |
|
2 |
|
|
Name |
Xin Gang Branch |
|
Registered
Address |
No.2, Zhongyang
Industrial Park, Zhongyang Village, Xingang Township, Jiayi County, Taiwan |
|
Registration
Number |
84709751 |
|
Date of
Registration |
1994-3-17 |
|
Manager Name |
Mingren Zou |
|
Date of Last
Annual Return |
1998-8-24 |
|
3 |
|
|
Name |
Taipei Branch |
|
Registered
Address |
1F., No. 201, Tung Hwa North Road, Taipei City,
Taiwan |
|
Registration
Number |
20754420 |
|
Date of
Registration |
1966-6-27 |
|
Manager Name |
Peihuo Cai |
|
Date of Last
Annual Return |
2003-9-26 |
Core
Management
Directors
|
1 |
|
|
Name |
Jiazhao Wu |
|
Position |
Board Chairman |
|
Date of
Appointment |
2003-11-4 |
|
2 |
|
|
Name |
Wenyuan Wang |
|
Position |
Executive
Director |
|
3 |
|
|
Name |
Wenchao Wang |
|
Position |
Executive
Director |
|
4 |
|
|
Name |
Ruiyu Wang |
|
Position |
Executive
Director |
|
5 |
|
|
Name |
Zhigang Wang |
|
Position |
Executive
Director(Independent Director) |
|
6 |
|
|
Name |
Yongsan Li |
|
Position |
Independent
Director |
|
7 |
|
|
Name |
Yunpeng Zhu |
|
Position |
Independent
Director |
|
8 |
|
|
Name |
Qinren Wu |
|
Position |
Director |
|
9 |
|
|
Name |
Guiyun Wang |
|
Position |
Director |
|
Date of
Appointment |
1993-8-27 |
|
10 |
|
|
Name |
Shenyi Li |
|
Position |
Director |
|
11 |
|
|
Name |
Mingren Zou |
|
Position |
Director |
|
Date of
Appointment |
2005-8-25 |
|
12 |
|
|
Name |
Fengqin Lin |
|
Position |
Director |
|
Date of
Appointment |
2003-11-4 |
|
13 |
|
|
Name |
Yuanshan Liu |
|
Position |
Director |
|
Date of
Appointment |
1993-2-26 |
|
14 |
|
|
Name |
Richun Jian |
|
Position |
Director |
|
15 |
|
|
Name |
Qingzheng Zhang |
|
Position |
Director |
|
16 |
|
|
Name |
Chenqin Fu |
|
Position |
Supervisor |
|
17 |
|
|
Name |
Deyao Chen |
|
Position |
Supervisor |
|
18 |
|
|
Name |
Zhenxiao Lei |
|
Position |
Supervisor |
|
19 |
|
|
Name |
Maoxiang Lin |
|
Position |
Manager |
|
Date of
Appointment |
2004-3-3 |
|
20 |
|
|
Name |
Hongguo Zheng |
|
Position |
Manager |
|
Date of Appointment |
2009-8-28 |
|
21 |
|
|
Name |
Yizhong Cai |
|
Position |
Manager |
|
Date of
Appointment |
2009-8-28 |
|
22 |
|
|
Name |
Bing Wu |
|
Position |
Manager |
|
Date of
Appointment |
2009-8-28 |
|
23 |
|
|
Name |
Zhengzhong Li |
|
Position |
Manager |
|
Date of
Appointment |
2009-8-28 |
|
24 |
|
|
Name |
Xinyi Huang |
|
Position |
Manager |
|
Date of
Appointment |
2009-8-28 |
|
25 |
|
|
Name |
Dongfa Zhang |
|
Position |
Manager |
|
Date of
Appointment |
2012-3-23 |
Personnel
Structure
|
Total Employees |
About 12,000 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.35-1, Jhongshan 3rd Rd., Cianjhen District, Kaohsiung City 806,
Taiwan (R.O.C.) |
Production
Information
l
Subject is a manufacturer of chemical products, plastic products, fiber
products, electronic materials and petrochemical products, etc.
l
It is introduced that
subject has factories in Taiwan, mainland of China and United States for
production
Annual Production Capacities
|
Product |
Annual Production Capacity (Unit: Ton) |
|
AA/AE |
108,000/154,000 |
|
PVC |
494,000 |
|
VCM |
800,000 |
|
Caustic Soda |
1230,000 |
|
HDPE |
350,000 |
|
Carbon Fiber |
8,800 |
|
EVA/LDPE |
240,000 |
|
AN |
280,000 |
|
LLDPE |
264,000 |
|
MMA |
98,000 |
|
MTBE/B-1 |
174,000/32,000 |
|
ECH |
100,000 |
|
NBA |
250,000 |
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
C301010 |
Spinning industry |
|
C302010 |
Weaving industry |
|
C303010 |
Unwoven cloth industry |
|
C305010 |
Dyeing and finishing industry |
|
C601040 |
Finished paper manufacturing industry |
|
C601990 |
Other paper products manufacturing industry |
|
C801010 |
Basic chemical industry |
|
C801020 |
Raw materials for Petrochemical industry manufacturing
industry |
|
C801060 |
Synthetic rubber manufacturing industry |
|
C801100 |
Synthetic resin and plastic manufacturing
industry |
|
C801110 |
Fertilizer manufacturing industry |
|
C801120 |
Synthetic fiber manufacturing industry |
|
C801990 |
Other chemical material manufacturing industry |
|
C802041 |
Western medicine manufacturing industry |
|
C802120 |
Industrial aid manufacturing industry |
|
C802170 |
Toxic chemicals manufacturing industry |
|
C802200 |
Coating, paint and dye manufacturing industry |
|
C805010 |
Plastic, cloth, plate and tubular product
manufacturing industry |
|
C805020 |
Plastic film and bag manufacturing industry |
|
C805070 |
Reinforced plastics manufacturing industry |
|
C805990 |
Other plastic products manufacturing industry |
|
C901020 |
Glass and glass product manufacturing industry |
|
C901060 |
Refractory material manufacturing industry |
|
CB01010 |
Machine manufacturing industry |
|
CB01030 |
air treatment equipment manufacturing industry |
|
CB01990 |
Other machinery manufacturing industry |
|
CC01010 |
Generate electricity, electricity transmission,
power distribution machinery manufacturing industry |
|
CC01080 |
Electronic parts manufacturing industry |
|
CC01090 |
Battery manufacturing industry |
|
CQ01010 |
Mould manufacturing industry |
|
CZ99990 |
Unclassified other industrial products |
|
D101050 |
Steam/electricity co-generation industry |
|
D401010 |
Heat energy supplying industry |
|
E599010 |
Piping engineering industry |
|
E601010 |
Electric product decorating industry |
|
E603050 |
Automata controller project industry |
|
E604010 |
Mechanism installation industry |
|
EZ15010 |
Heat preservation, cold insulation installation project industry |
|
H701020 |
Industrial plants renting industry |
|
H701040 |
Specific area developing industry |
|
I199990 |
Other service industry |
|
ID01010 |
Apparatus for weights and measures industry |
|
IZ99990 |
Other industrial and commercial service industry |
|
J101030 |
Litter cleaning industry |
|
J101040 |
Litter dealing industry |
|
J101050 |
Environment measuring service industry |
|
J101060 |
Sewage treatment industry |
|
CE01021 |
Apparatus for weights and measures manufacturing
industry |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
It is introduced that subject purchases its raw
materials and etc from China, Southeast Asia, USA.
l
The subject is mainly engaged in sales of chemical products, plastic products, fiber
products, electronic materials and petrochemical products, etc
l
It is introduced that subject’s selling territory includes China, Japan, South
Korea, Southeast Asia and etc.
l
It is
introduced that subject’s major customers are manufacturers of electronics,
automobiles , plastic products, textiles, electrical engineering and etc.
Major Products
|
Department |
Product |
|
Electronic Material |
Copper-Clad Laminates, Epoxy Resins, Glass
Fabrics, Liquid Crystal Displays And Copper Foils |
|
Plastic Products |
Plastic Plaster, Poly Urethane (PU) Synthetic
Leathers, Polypropylene (PP) Rubber Fabrics, Polyvinyl Chloride (PVC) Plastic
Injection Products |
|
Plastic Raw Material |
Glycol, Butylene Glycol, Bisphenol A, Toluene
Diisocyanate, Plasticizers |
|
Fiber Products |
Polyester Products, Dyeing Products |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Product |
Payment Terms |
Proportion |
|
Raw materials |
COD, CBD, etc |
100% |
Foreign Purchase
|
Product |
Payment Terms |
Proportion |
|
Raw materials |
CBD, etc |
100% |
Sales
Domestic Markets
|
Product |
Sales Terms |
Proportion |
|
Plastic products, etc |
COD, CBD, etc |
100% |
Export
|
Product |
Sales Terms |
Proportion |
|
Plastic products, etc |
CBD, etc |
100% |
Unit: NTD/000
|
|
|
|
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
5,444,415.00 |
5,062,103.00 |
|
Financial assets measured at fair value through
profit or loss - current |
0.00 |
9,860.00 |
|
Available-for-sale financial assets - current |
32,506,444.00 |
33,798,202.00 |
|
Notes receivable - net |
3,104,159.00 |
2,871,917.00 |
|
Accounts receivable - net |
12,730,175.00 |
11,263,902.00 |
|
Accounts receivable - related parties - net |
4,490,040.00 |
4,279,282.00 |
|
Other receivables |
1,280,539.00 |
3,237,012.00 |
|
Other receivables - related parties |
37,178,800.00 |
42,285,300.00 |
|
Inventories |
25,269,919.00 |
23,256,202.00 |
|
Other prepayments |
2,511,256.00 |
3,213,206.00 |
|
Other current assets |
270.00 |
509.00 |
|
Current assets |
124,516,017.00 |
129,277,495.00 |
|
Funds and Investments |
|
|
|
Financial assets carried at cost - non current |
2,827,606.00 |
2,830,122.00 |
|
Equity investments under equity method |
194,822,990.00 |
204,982,186.00 |
|
Investments |
194,822,990.00 |
204,982,186.00 |
|
Funds and long-term investments |
197,650,596.00 |
207,812,308.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Land |
8,912,852.00 |
9,268,573.00 |
|
Buildings and structures |
25,174,898.00 |
25,147,986.00 |
|
Machinery and equipment |
141,341,104.00 |
139,698,252.00 |
|
Transportation equipment |
1,173,435.00 |
1,166,569.00 |
|
Other facilities |
2,768,296.00 |
2,616,251.00 |
|
Revaluation increment |
45,719.00 |
45,828.00 |
|
Cost and revaluation increment |
179,416,304.00 |
177,943,459.00 |
|
Accumulated depreciation |
-126,271,076.00 |
-120,799,994.00 |
|
Construction in process and prepayment for
equipments |
11,060,309.00 |
9,304,757.00 |
|
Fixed assets |
64,205,537.00 |
66,448,222.00 |
|
Intangible Assets |
|
|
|
Deferred pension cost |
453,560.00 |
761,604.00 |
|
Other intangible assets |
287,234.00 |
381,094.00 |
|
Intangible assets |
740,794.00 |
1,142,698.00 |
|
OtherAssets |
|
|
|
Guarantee deposits paid |
61,546.00 |
69,927.00 |
|
Deferred charges |
5,064,459.00 |
3,019,422.00 |
|
Deferred income tax assets - non current |
275,985.00 |
0.00 |
|
Other assets - other |
1,333,363.00 |
1,348,940.00 |
|
Other assets |
6,735,353.00 |
4,438,289.00 |
|
Assets |
393,848,297.00 |
409,119,012.00 |
|
Liabilities and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Short-term borrowings |
0.00 |
2,500,000.00 |
|
Financial liabilities measured at fair value
through profit or loss - current |
28,560.00 |
40,608.00 |
|
Accounts payable |
2,519,074.00 |
2,638,212.00 |
|
Accounts payable - related parties |
9,150,643.00 |
8,983,909.00 |
|
Accrued expenses |
6,343,770.00 |
7,717,044.00 |
|
Other payables |
160,741.00 |
1,787,919.00 |
|
Advance receipts |
497,485.00 |
166,488.00 |
|
Long-term liabilities - current portion |
22,013,400.00 |
14,452,932.00 |
|
Other current liabilities |
377,424.00 |
751,463.00 |
|
Current liabilities |
41,091,097.00 |
39,038,575.00 |
|
Long term Liabilities |
|
|
|
Financial liabilities measured at fair value
through profit or loss - non current |
0.00 |
30,456.00 |
|
Bonds payable |
47,923,383.00 |
53,413,184.00 |
|
Long-term borrowings |
39,476,932.00 |
32,504,076.00 |
|
Long-term notes and accounts payable |
0.00 |
757.00 |
|
Long-term liabilities |
87,400,315.00 |
85,948,473.00 |
|
Reserves |
|
|
|
Other Liabilities |
|
|
|
Pension reserve / accrued pension liability |
18,231,015.00 |
17,788,772.00 |
|
Guarantee deposits received |
390,517.00 |
379,206.00 |
|
Deferred income tax liabilities |
0.00 |
1,134,635.00 |
|
Other liabilities - other |
168,973.00 |
210,314.00 |
|
Other liabilities |
18,790,505.00 |
19,512,927.00 |
|
Liabilities |
147,281,917.00 |
144,499,975.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common stock |
78,522,986.00 |
78,522,986.00 |
|
Capital Surplus |
|
|
|
Capital surplus - other |
26,785,515.00 |
27,531,548.00 |
|
Capital surplus |
26,785,515.00 |
27,531,548.00 |
|
Retained Earnings |
|
|
|
Legal reserve |
43,290,401.00 |
40,976,104.00 |
|
Special reserve |
58,412,038.00 |
54,074,899.00 |
|
Unappropriated retained earnings |
8,016,535.00 |
26,941,768.00 |
|
Retained earnings |
109,718,974.00 |
121,992,771.00 |
|
Stockholders' Equity and Other adjustment |
|
|
|
Cumulative translation adjustments |
2,320,814.00 |
6,125,239.00 |
|
Net loss not recognized as pension cost |
-28,128.00 |
0.00 |
|
Unrealized gains (losses) on financial
instruments |
29,021,868.00 |
30,222,033.00 |
|
Unrealized Revaluation Increment |
226,296.00 |
226,405.00 |
|
Treasure stock |
-1,945.00 |
-1,945.00 |
|
Equity adjustments |
31,538,905.00 |
36,571,732.00 |
|
Stockholdersˉ equity |
246,566,380.00 (USD 8,259,973,730) |
264,619,037.00 (USD 8,864,737,740) |
|
Number of treasury stock acquired by the company
and subsidiaries (unit: share) |
183,235.00 |
183,235.00 |
(As of 2013.12, 1 NTD = 0.0335 USD)
Unit: NTD/000
|
|
2012 |
2011 |
|
Sales |
186,459,778.00 (USD 6,246,402,563) |
197,305,815.00 (USD 6,609,744,803)) |
|
Sales returns |
516,865.00 |
454,318.00 |
|
Sales discounts and allowances |
5,810,788.00 |
5,853,684.00 |
|
Sales |
180,132,125.00 |
190,997,813.00 |
|
Service revenue |
122,550.00 |
124,362.00 |
|
Service revenue |
122,550.00 |
124,362.00 |
|
Other operating revenue |
2,788,243.00 |
2,899,664.00 |
|
Operating income |
183,042,918.00 |
194,021,839.00 |
|
Operating costs |
163,571,984.00 |
160,040,249.00 |
|
Gross profit (loss) from operations |
19,470,934.00 |
33,981,590.00 |
|
Unrealized gains on intercompany transactions |
-113,840.00 |
78,396.00 |
|
Selling expense |
5,528,083.00 |
5,425,131.00 |
|
General and administrative expenses |
5,590,184.00 |
6,864,256.00 |
|
Operating expenses |
11,118,267.00 |
12,289,387.00 |
|
Operating income (loss) |
8,466,507.00 |
21,613,807.00 |
|
Non-Operating Income |
|
|
|
Interest income |
868,430.00 |
545,473.00 |
|
Income from long-term equity investments under
the equity method |
0.00 |
2,921,258.00 |
|
Dividends |
2,007,788.00 |
3,201,491.00 |
|
Investment income |
2,007,788.00 |
6,122,749.00 |
|
Gains on disposal of fixed assets |
848,287.00 |
7,839.00 |
|
Gains on sale of investments |
1,242,519.00 |
3,054.00 |
|
Foreign exchange gains |
0.00 |
635,870.00 |
|
Revaluation gain on financial liabilities |
42,504.00 |
18,240.00 |
|
Miscellaneous income |
1,031,238.00 |
1,019,475.00 |
|
Non-operating revenues and gains |
6,040,766.00 |
8,352,700.00 |
|
Non-Operating Expenses |
|
|
|
Interest expense |
1,858,276.00 |
1,546,475.00 |
|
Losses from long-term equity investments under
the equity method |
7,515,873.00 |
0.00 |
|
Other investment loss |
0.00 |
1,868.00 |
|
Investment loss |
7,515,873.00 |
1,868.00 |
|
Loss on disposal of fixed assets |
63,808.00 |
40,968.00 |
|
Foreign exchange losses |
357,463.00 |
0.00 |
|
Revaluation loss on financial assets |
9,860.00 |
12,903.00 |
|
Miscellaneous disbursements |
168,582.00 |
166,836.00 |
|
Non-operating expenses and losses |
9,973,862.00 |
1,769,050.00 |
|
Income from continuing operations before income
tax |
4,533,411.00 |
28,197,457.00 |
|
Income tax expense (benefit) |
317,381.00 |
5,054,491.00 |
|
Income from continuing operations |
4,216,030.00 |
23,142,966.00 |
|
Net income (loss) |
4,216,030.00 (USD 141,237,005) |
23,142,966.00 (USD 775,289,361) |
|
Primary Earnings per Share |
|
|
|
Income (loss) from continuing operations |
0.54 |
2.95 |
|
Primary earnings per share |
0.54 |
2.95 |
|
Diluted earnings per share |
|
|
(As of 2013.12, 1 NTD = 0.0335 USD)
Unit: NTD/000
|
|
2012 |
2011 |
|
Cash Flows from Operating Activities - Indirect
Method |
|
|
|
Net Income (Loss) |
4,216,030 |
23,142,966 |
|
Adjustments to Reconcile Net Income to Net Cash
Provided by (Used in) Operating Activities |
|
|
|
Depreciation Expense |
6,623,442 |
6,698,762 |
|
Amortization Expense |
1,188,427 |
998,747 |
|
Provision (Reversal of Provision) for Bad Debts
Losses |
-10,755 |
-102,402 |
|
Amortization of Bonds Issue Cost |
33,804 |
30,026 |
|
Loss (Gain) on Decline (Recovery) in Market
Value, Scrap and Obsolescence of Inventories |
-148,661 |
292,150 |
|
Investment Loss (Income) Recognized under Equity
Method |
7,515,873 |
-2,921,258 |
|
Cash Dividends Received from Investments
Accounted for under Equity Method |
9,606,920 |
17,982,732 |
|
Loss (Gain) on Disposal of Property, Plan and
Equipment |
-784,370 |
34,555 |
|
Loss (Gain) on Disposal of Other Assets |
-297 |
-3,054 |
|
Loss (Gain) on Disposal of Long-term Investments
under Equity Method |
-1,242,222 |
0 |
|
Unrealized Revaluation Loss (Gain) on Financial
Assets and Liabilities |
-32,644 |
-5,338 |
|
Unrealized Gain (Loss) on Intercompany
Transactions |
-113,840 |
78,396 |
|
Unrealized Exchange Loss (Gain) |
-41,154 |
-85,659 |
|
Other Revenue - Overdue Dividends And
Compensation of Board And Directors |
-40,149 |
-33,592 |
|
Other Adjustments to Reconcile Net Income |
643,181 |
442 |
|
Changes in Operating Assets and Liabilities |
|
|
|
Decrease (Increase) in Notes Receivable |
-239,896 |
540,913 |
|
Decrease (Increase) in Accounts Receivable |
-1,638,524 |
2,787,464 |
|
Decrease (Increase) in Other Receivables |
1,956,474 |
758,322 |
|
Decrease (Increase) in Inventories |
-1,865,056 |
-2,302,056 |
|
Decrease (Increase) in Other Prepayments |
702,189 |
-1,557,917 |
|
Decrease (Increase) in Deferred Tax Assets |
-1,245,493 |
1,066,497 |
|
Increase (Decrease) in Accounts Payable |
60,587 |
-1,829,071 |
|
Increase (Decrease) in Accrued Expenses |
-1,373,274 |
674,440 |
|
Increase (Decrease) in Other Payables |
-1,603,459 |
-1,122,733 |
|
Increase (Decrease) in Receipts in Advance |
330,998 |
-1,017 |
|
Increase (Decrease) in Other Current Liabilities |
-189,393 |
387,952 |
|
Increase (Decrease) in Deferred Tax Liabilities |
-235,934 |
-832,722 |
|
Increase (Decrease) in Accrued Pension
Liabilities |
750,286 |
838,914 |
|
Net Cash Provided by (Used in) Operating
Activities |
22,823,090 |
45,516,459 |
|
Cash Flows from Investing Activities |
|
|
|
Acquisition of Available-for-sale Financial
Assets |
-1,000,000 |
-6,200,002 |
|
Proceeds from Disposal of Available-for-sale
Financial Assets |
1,000,297 |
6,203,054 |
|
Capital Reduction of Financial Assets Carried at
Cost |
2,516 |
0 |
|
Acquisition of Investments Accounted for by
Equity Method |
-11,079,666 |
-16,451,830 |
|
Proceeds from Disposal of Investments Accounted
for by Equity Method |
833,043 |
0 |
|
Purchase of Property, Plant and Equipment |
-5,433,818 |
-3,401,581 |
|
Proceeds from Disposal of Property, Plant and
Equipment |
1,209,718 |
136,066 |
|
Decrease (Increase) in Refundable Deposits |
8,381 |
-10,707 |
|
Increase in Deferred Charges |
-3,139,604 |
-1,045,482 |
|
Decrease (Increase) in Other Receivables -
Related Parties |
5,106,500 |
-16,606,277 |
|
Net Cash Provided by (Used in) Investing
Activities |
-12,492,633 |
-37,376,759 |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
-2,499,707 |
2,460,587 |
|
Proceeds from Issuance of Bonds |
11,969,444 |
9,974,442 |
|
Repayments of Bonds |
-7,500,000 |
-2,040,000 |
|
Proceeds from Long-term Debt |
12,500,000 |
32,260,000 |
|
Repayment of Long-term Debt |
-7,959,726 |
-22,383,978 |
|
Increase (Decrease) in Guarantee Deposits
Received |
11,312 |
-111,782 |
|
Increase (Decrease) in Long-term Liabilities |
-757 |
-12,738 |
|
Increase (Decrease) in Other Liabilities |
-3,086 |
258,179 |
|
Cash Dividends Paid |
-16,473,396 |
-36,820,401 |
|
Net Cash Provided by (Used in) Financing
Activities |
-9,955,916 |
-16,415,691 |
|
Effect of Exchange Rate Changes |
7,771 |
31,609 |
|
Net Increase (Decrease) in Cash and Cash
Equivalents |
382,312 |
-8,244,382 |
|
Cash and Cash Equivalents, Beginning of year |
5,062,103 |
13,306,485 |
|
Cash and Cash Equivalents, End of year |
5,444,415 |
5,062,103 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid |
1,831,693 |
1,506,590 |
|
Interest Paid- Excluding Capitalized Interest |
1,831,693 |
1,506,590 |
|
Income Tax Paid |
3,093,211 |
5,029,244 |
|
Non-cash Investing and Financing Activities |
|
|
|
Current Portion of Long-term Liabilities |
22,013,400 |
14,452,932 |
|
Cash Dividends Payable |
159,895 |
187,987 |
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.
|
Case Type: |
Certificate No.: |
Debtor Name: |
Document Number: |
Date of Registration: |
Date of Alteration: |
Status: |
|
Chattel Mortgage |
060371 |
Nan Ya Plastics Corporation |
833657 |
|
|
Paid off |
|
Chattel Mortgage |
066167 |
Nan Ya Plastics Corporation |
570230 |
|
|
|
|
Chattel Mortgage |
071125 |
Nan Ya Plastics Corporation |
09005130280 |
|
|
|
|
Chattel Mortgage |
072121 |
Nan Ya Plastics Corporation |
09005181490 |
|
|
Paid off |
|
Chattel Mortgage |
073115 |
Nan Ya Plastics Corporation |
09105084870 |
|
|
Paid off |
|
Chattel Mortgage |
073604 |
Nan Ya Plastics Corporation |
09105108880 |
|
|
|
|
Chattel Mortgage |
074556 |
Nan Ya Plastics Corporation |
09105154180 |
|
|
|
|
Chattel Mortgage |
074668 |
Nan Ya Plastics Corporation |
09105159760 |
|
|
|
|
Chattel Mortgage |
076298 |
Nan Ya Plastics Corporation |
09205125930 |
|
|
Paid off |
|
Chattel Mortgage |
076318 |
Nan Ya Plastics Corporation |
09205126700 |
|
|
Paid off |
|
Chattel Mortgage |
076321 |
Nan Ya Plastics Corporation |
09205126720 |
|
|
Paid off |
|
Chattel Mortgage |
078084 |
Nan Ya Plastics Corporation |
09200506900 |
|
|
|
|
Chattel Mortgage |
094983 |
Nan Ya Plastics Corporation |
09705128310 |
|
|
|
|
Chattel Mortgage |
095014 |
Nan Ya Plastics Corporation |
09705129790 |
|
|
|
|
Chattel Mortgage |
098008 |
Nan Ya Plastics Corporation |
09830470480 |
|
|
|
Lawsuit
|
2008,Xiongbu, 2387 |
|
|
Date of Trial: |
2008-11-26 |
|
Reason: |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.33 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.84.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.