|
Report Date : |
24.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
CTCI CORPORATION |
|
|
|
|
Registered Office : |
No.89, Sec.6, Zhong Shan N. Road, Taipei
11155 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
06.04.1979 |
|
|
|
|
Com. Reg. No.: |
20817282 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
· Providing the related services about construction and engineering Subject is an integrated
engineering and construction firm Manufacturer of petrochemical materials |
|
|
|
|
No. of Employees : |
About 3,200 Employees (Taiwan) About 7,300 Employees (Group) |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.89, Sec.6,
Zhong Shan N. Road, Taipei 11155, Taiwan, R.O.C. |
|
Supplied Address: |
CTCI Tower 77, Sec. 2 Tun
Hwa South Road Taipei, Taiwan |
|
Telephone Number: |
+886-2-2833-9999 |
|
Fax Number: |
Notes: We
contacted with the subject, subject introduced that its headquarter address is
as above but didn’t mention the supplied address.
|
Credit Opinion: |
Subject was incorporated on 1979-4-6 with registered number 20817282 as Joint Stock Company in Taiwan.
Subject was listed at Taiwan Stock Exchange on 1993-5-28
|
Name |
Subscription
Shares |
|
Hsing Li Development Co., Ltd (Literal
Translation) |
912,170 |
|
Chuang Ding Investment Co., Ltd (Literal Translation) |
344,436 |
|
Asian Crown Co., Ltd (Literal Translation) |
540 |
|
CTCI Foundation |
60,862,051 |
|
Asian Crown Second Investment Co., Ltd (Literal Translation) |
500 |
|
Gintech Energy Corporation |
3,000,000 |
The information
above is that of subject’s major shareholders.
Shareholder
Information:
|
1 |
|
|
Registered Name: |
Hsing Li Development Co., Ltd (Literal Translation) |
|
Registered Address: |
10F, No.89, Sec.6, Zhong Shan N. Road, Taipei
11155, Taiwan, R.O.C. |
|
Date of Foundation: |
1999-2-24 |
|
Registration Number: |
16836821 |
|
Registry: |
Department of Commerce, Ministry
of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 1,690,000,000 (USD 56,615,000) (As of 2013.12, 1 NTD = 0.0335 USD) |
|
Paid-up Capital: |
NTD 1,690,000,000 (USD 56,615,000) |
|
Legal Representatives: |
Wenhui Yang |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2012-4-16 |
|
2 |
|
|
Registered Name: |
Chuang Ding Investment Co., Ltd (Literal Translation) |
|
Registered Address: |
10F, No.89, Sec.6, Zhong Shan N. Road,
Taipei 11155, Taiwan, R.O.C. |
|
Date of Foundation: |
1999-2-5 |
|
Registration Number: |
16835941 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 100,000,000 (USD 3,350,000) (As of 2013.12, 1 NTD = 0.0335 USD) |
|
Paid-up Capital: |
NTD 100,000,000 (USD 3,350,000) |
|
Legal Representatives: |
Zongxing Yang |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2012-2-20 |
|
3 |
|
|
Registered Name: |
Asian Crown Co., Ltd (Literal Translation) |
|
Registered Address: |
17f., No.167, Dunhua N. Rd., Songshan Dist.,
Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
2006-4-10 |
|
Registration Number: |
28172382 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 8,590,567 (USD 287,784) (As of 2013.12, 1 NTD = 0.0335 USD) |
|
Legal Representatives: |
Andrew Hawkyard |
|
Legal Form: |
Private Liability Limited Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2011-11-4 |
|
4 |
|
|
Registered Name: |
Asian Crown Second Investment Co., Ltd
(Literal Translation) |
|
Registered Address: |
17f., No.167, Dunhua N. Rd., Songshan Dist.,
Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
2011-4-21 |
|
Registration Number: |
53331541 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 250,000 (USD 8,375) (As of 2013.12, 1 NTD = 0.0335 USD) |
|
Legal Representatives: |
Takao Kamij |
|
Legal Form: |
Private Liability Limited Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2011-9-2 |
|
5 |
|
|
Registered Name: |
Gintech Energy Corporation |
|
Registered Address: |
No.21, Kebei 1st Rd., Zhunan Town, Miaoli
County 350, Taiwan (R.O.C.) |
|
Date of Foundation: |
2005-8-10 |
|
Registration Number: |
27757133 |
|
Registry: |
Science Park Administration |
|
Registered Capital: |
NTD 5,000,000,000 (USD 167,500,000) (As of 2013.12, 1 NTD = 0.0335 USD) |
|
Paid-up Capital: |
NTD 3,922,069,540 (USD 131,389,330) |
|
Legal Representatives: |
Wenyan Pan |
|
Legal Form: |
Joint Stock Company |
|
Staff: |
About 1,600 Employees |
|
Listed at Stock Exchange: |
Yes; (Public, TPE: 3514) |
|
Date of Last Annual Return: |
2013-12-12 |
|
Tel |
+886-37-586198 |
|
Fax |
+886-37-586205 |
Related Companies and
Offices
|
1.E&C
Engineering Corporation 5 Fl., 16, Lane
270, Sec. 3, Beishen Road, Shenkeng
District, New Taipei City 22205, Taiwan, R.O.C. Tel: (886) 2-2662-5858
Fax: (886) 2-2662-2814 Website: www.eandc.com.tw
2.Resources
Engineering Services Inc. 4 Fl., 48, Sec.
3, Nankang Road, Taipei 11510,
Taiwan, R.O.C. Tel: (886)
2-2783-8250 Fax: (886) 2-2783-8232 Website: www.res.com.tw
3.Advanced
Control & Systems Inc. 5 Fl., 52, Sec.
3, Nankang Road, Taipei 11510,
Taiwan, R.O.C. Tel: (886)
2-2785-3839 Fax: (886) 2-2782-0180 Website: www.acs.com.tw
4.KD Holding
Corporation 5 Fl., 132,
Xingshan Road, Neihu District,
Taipei 11469, Taiwan, R.O.C. Tel: (886)
2-2162-1689 Fax: (886) 2-2162-1680 Website: www.kdhc.com.tw
5.Sino
Environmental Services Corporation 5 Fl., 132,
Xingshan Road, Neihu District,
Taipei 11469, Taiwan, R.O.C. Tel: (886)
2-2162-1688 Fax: (886) 2-2162-1681 Website: www.sesc.com.tw
6.Leading Energy
Corporation 5 Fl., 132,
Xingshan Road, Neihu District,
Taipei 11469, Taiwan, R.O.C. Tel: (886)
2-2162-1689 Fax: (886) 2-2162-1680 Website: www.lebot.com.tw
7.HD Resource
Management Corporation 5 Fl., 132,
Xingshan Road, Neihu District,
Taipei 11469, Taiwan, R.O.C. Tel: (886)
2-2162-1689 Fax: (886) 2-2162-1680 Website: www.hdrm.com.tw
8.Fortune Energy
Corporation 5 Fl., 132,
Xingshan Road, Neihu District,
Taipei 11469, Taiwan, R.O.C. Tel: (886)
2-2162-1689 Fax: (886) 2-2162-1680 Website: www.mfec.com.tw
9.CTCI Chemicals
Corporation 5 Fl., 132,
Xingshan Road, Neihu District,
Taipei 11469, Taiwan, R.O.C. Tel: (886)
2-2162-1687 Fax: (886) 2-2162-1680 Website: www.ctcichemicals.com.tw
10.CTCI
Machinery Corporation Tashe
Fabrication Shop 5, Hsin Kung
Road, Tashe District, Kaohsiung City
81567, Taiwan, R.O.C. Tel: (886)
7-351-2141 Fax: (886) 7-351-2460 Website: www.ctcim.com.tw
Sanmin District 20 Fl., 366, Po
Ai 1st Road, Sanmin District,
Kaohsiung City 80757, Taiwan, R.O.C. Tel: (886)
7-315-1011 Fax: (886) 7-313-3108 11.G.D.
Development Corporation 5 Fl., 132,
Xingshan Road, Neihu District,
Taipei 11469, Taiwan, R.O.C. Tel: (886)
2-2162-1689 Fax: (886) 2-2792-8352 12.CTCI
(Thailand) Co., Ltd. 825,
Phairojkijja Tower, 19 Fl., Bangna-Trad Road, KM. 4, Bangna
Bangna Bangkok 10260, Thailand Tel: (66)
2-769-6888 Fax: (66) 2-769-6819 Website: www.ctci.co.th
13.Jingding
Engineering & Construction Co., Ltd. 9-11 Fl., Royal
City International Centre, 136,
Andingmenwai Street, Dongcheng District, Beijing 100011,
P. R. China Tel: (86)
10-6482-7878 Fax: (86) 10-6482-7958 Website: www.jdec.com.cn
14.CTCI
Engineering & Construction Sdn. Bhd. Suite 22-03B, 22
Fl., Menara Tan & Tan, 207 Jalan Tun
Razak, 50400 Kuala Lumpur, Malaysia Tel: (60) 3-2166-5568
Fax: (60) 3-2166-6658 15.CIMAS
Engineering Co., Ltd. 6 Fl., Charmvit
Building, 117 Tran Duy Hung Road, Cau Giay
District, Hanoi, Vietnam Tel: (84)
4-3833-5513 Fax: (84) 4-3833-7824 Website: www.cimas.com.vn
16.CTCI Arabia
Ltd. Jeddah O ce P. O. Box 2824, 201, Al-Taher
Tower, Al-Rawdah Street, Al-Rawdah District, Jeddah 21461,
Kingdom of Saudi Arabia Tel: (966)
2-663-8745 Al-Khobar O ce P. O. Box 1962, Room 301,
Al-Mohammdia Tower, Dhahran Road, Al-Khobar 31952,
Kingdom of Saudi Arabia Tel: (966)
3-865-6148 17.Shang Ding
Engineering & Construction Co., Ltd. 7 Fl., 26, Lane
168, Daduhe Road, Putuo District, Shanghai 200062,
P. R. China Tel: (86)
21-5251-9888 Fax: (86) 21-3250-1012 Website: www.ctci-sdec.com.cn
18.CTCI
Corporation Abu Dhabi P. O. Box 44924, Abu Dhabi,
United Arabia Emirates Tel: (971)
2-671-1572 Fax: (971) 2-671-1573 19.CINDA
Engineering & Construction Pvt. Ltd. Corenthum, 6
Fl., Tower-B, Plot No. A-41, Sector-62, Noida-201301(U.P.),
India Tel:
(91)120-472-2300 Fax: (91) 120-472-2399 20.SINOGAL –
Waste Services Co., Ltd. Central de
Incineracao Pac On Ilha da
Taipa, Macau Tel: (853)
2885-0681 Fax: (853) 2885-0893 21.CTCI &
Partners Co., Ltd. Room 201,
Al-Mohammdia Tower, Dhahran Road, Al-Khobar 31952,
Kingdom of Saudi Arabia Tel: (966)
3-865-6145 Fax: (966) 3-864-9163 Website: www.ctci-cpcl.com
22.CTCI
Corporation Italian Branch Offi ce Via G. Carducci,
12, 21013 Gallarate
(VA), Italy Tel: (39)
0331-771-026 Fax: (39) 0331-770-370 23.CTAS
Corporation 11757 Katy
Freeway, Suite 1520 Houston, TX
77079, USA Tel: (1)
281-870-9998 Fax: (1) 281-870-9981 24.CTCI
Singapore Pte. Ltd. 100 Beach Road,
#27-08, Shaw Tower, Singapore 189702 Tel: (65)
6295-2997 Fax: (65)
6295-1219 25.CTCI
Corporation Qatar Branch Office P. O. Box 30261, 6, Ground Floor,
Al Emadi Business Centre, C-Ring Road, Doha, Qatar |
|
|
Core Management
|
1 |
|
|
Name |
Junyan Yu |
|
Position |
Board Chairman & Manager |
|
Date of Appointment |
2001-12-4 |
|
2 |
|
|
Name |
Junhua Lin |
|
Position |
Director & Manager |
|
Date of Appointment |
2002-6-28 |
|
3 |
|
|
Name |
Yigui Wu |
|
Position |
Executive Director |
|
4 |
|
|
Name |
Xuanqin Zhou |
|
Position |
Director |
|
5 |
|
|
Name |
Zhisen Lin |
|
Position |
Director |
|
6 |
|
|
Name |
Jinling Ma |
|
Position |
Director |
|
7 |
|
|
Name |
Chengyun Gu |
|
Position |
Director |
|
8 |
|
|
Name |
Yingjun Hai |
|
Position |
Director |
|
9 |
|
|
Name |
Takao Kamiji |
|
Position |
Director |
|
10 |
|
|
Name |
Ping Shen |
|
Position |
Supervisor |
|
11 |
|
|
Name |
Guoqiang Hu |
|
Position |
Supervisor |
|
12 |
|
|
Name |
Weishu Liu |
|
Position |
Supervisor |
|
13 |
|
|
Name |
Yiming Xu |
|
Position |
Manager |
|
Date of Appointment |
2009-6-23 |
Personnel
Structure
|
Total Employees |
About 3,200 Employees
(Taiwan) About 7,300
Employees (Group) |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.89, Sec.6, Zhong Shan N. Road, Taipei
11155, Taiwan, R.O.C. |
Production
Information
l
Subject is a provider of related services about construction and engineering
l
It is introduced that subject
has obtained ISO 9001: 2008, ISO 14001: 2004, OHSAS 18001: 2007 and TOSHMS:
2007certifications.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
B101010 |
Coal mining industry. |
|
B102010 |
Petroleum and gas. |
|
B201010 |
Metal mining industry. |
|
B202010 |
Non-metal industry. |
|
B601010 |
Assumption of fill dam. |
|
C801010 |
Basic chemical industry. |
|
C801020 |
Manufacturing of petrochemical materials |
|
C801030 |
Manufacturing of precision chemical
materials. |
|
C801060 |
Manufacturing of synthetic rubber. |
|
C801100 |
Manufacturing of synthetic resin and
plastic. |
|
C801110 |
Manufacturing of fertilizer. |
|
C801120 |
Manufacturing of man-made fibre. |
|
C801990 |
Manufacturing of other chemical materials. |
|
C802120 |
Manufacturing of industrial additives. |
|
C802200 |
Manufacturing of coating, painting, dyes
and pigment. |
|
C802990 |
Manufacturing of other chemical products. |
|
C901040 |
Manufacturing of premixed concrete. |
|
Manufacturing of cement and concrete
products. |
|
|
CA01010 |
Smelting of steel and iron. |
|
CA01020 |
Steel rolling and extruding industry. |
|
CA01030 |
Steel casting industry. |
|
CA01050 |
Secondary processing of steel. |
|
CA01990 |
Other non-metal industry. |
|
CA02010 |
Manufacturing of metal construction and
construction components. |
|
CA02050 |
Manufacturing of ATOS. |
|
CA02060 |
Manufacturing of metal container. |
|
CA02080 |
Forging of metal. |
|
The heat treatment industry. |
|
|
CA04010 |
The surface treatment industry |
|
CB01010 |
Manufacturing of machinery and equipment. |
|
CB01030 |
Manufacturing of pollution-prevention
equipment. |
|
CB01990 |
Manufacturing of other machinery. |
|
CC01010 |
Manufacturing of machinery for electricity
generation, electricity transmission and distribution of electricity. |
|
CC01040 |
Manufacturing of lighting equipment. |
|
CC01080 |
Manufacturing of electronic components. |
|
CC01090 |
Manufacturing of battery. |
|
CC01110 |
Manufacturing of computer and related
equipment. |
|
CC01120 |
Manufacturing of media for files storage
and copying. |
|
CC01990 |
Manufacturing of other electric machine
and electronic machinery. |
|
CD01020 |
Manufacturing of rail vehicles and its
components. |
|
CE01010 |
Manufacturing of general instrument. |
|
D101040 |
Non-public power generating industry |
|
D301010 |
Operating of tap water. |
|
D401010 |
Supplying of heat energy. |
|
E103101 |
Environmental protection engineering
construction enterprises. |
|
E401010 |
Dredging industry. |
|
E501011 |
Installing of tap water. |
|
E502010 |
Installing project of fuel line. |
|
E599010 |
Piping engineer industry. |
|
E601010 |
Installing of electrical appliances. |
|
E601020 |
Installation of electrical appliances. |
|
E603010 |
Installation of electric cable. |
|
E603020 |
Installation of elevator. |
|
E603040 |
Installing project of fire safety
equipment. |
|
E603050 |
Project of automatic control equipment. |
|
E603080 |
Installing project of traffic sign. |
|
E603090 |
Installing project of lighting equipment. |
|
E603100 |
Welding engineering project. |
|
E603110 |
Cold work engineering. |
|
E603130 |
Installation of gas water heater. |
|
E604010 |
Installation of machinery. |
|
E605010 |
Installation of computer. |
|
E701030 |
Installing project of radio-frequency devices
under telecommunications regulation. |
|
E801010 |
Interior decorating businesses |
|
E801020 |
Installation of doors and windows. |
|
E801030 |
Project of indoor light steel frame. |
|
E801040 |
Installing project of glass. |
|
E801070 |
Installing project of kitchenware and
plumping products. |
|
E901010 |
Paint engineering industry. |
|
EZ03010 |
Installation of melting pot. |
|
EZ05010 |
Installation of instrument and apparatus. |
|
EZ06010 |
Project of traffic signs. |
|
EZ07010 |
Drilling engineering industry. |
|
EZ09010 |
Electrostatic protection and elimination
of engineering industry. |
|
EZ13010 |
Nuclear engineering industry. |
|
EZ14010 |
Sports venues in equipment engineering
industry. |
|
EZ15010 |
Installation of heat and cold
preservation. |
|
EZ99990 |
Other project. |
|
F106010 |
Wholesales of hardware. |
|
F107170 |
Wholesales of industrial additives. |
|
F107200 |
Wholesales of chemical materials. |
|
F107990 |
Wholesales of other chemical products. |
|
F113010 |
Wholesales of machinery. |
|
F113020 |
Wholesales of electrical appliance. |
|
F113030 |
Wholesales of precision instrument. |
|
F113050 |
Wholesales of computer and related
equipment. |
|
F113060 |
Wholesales of measuring instruments
directives. |
|
F113070 |
Wholesales of telecommunication equipment. |
|
F113090 |
Wholesales of traffic signs. |
|
F113100 |
Wholesales of pollution-prevention
equipment. |
|
F114080 |
Wholesales of rail cars and components. |
|
F117010 |
Wholesales of fire safety equipment. |
|
F118010 |
Wholesales of information media. |
|
F119010 |
Wholesales of electronic materials. |
|
F120010 |
Wholesales of refractory material. |
|
F199010 |
Wholesales of recovered materials. |
|
F199990 |
Other wholesales. |
|
F206010 |
Retails of hardware. |
|
F207170 |
Retails of industrial additives. |
|
F207200 |
Retails of chemical materials. |
|
F207990 |
Retails of other chemical products. |
|
F211010 |
Retails of construction materials. |
|
F213010 |
Retails of electrical appliances. |
|
F213030 |
Retails of computers and related
equipment. |
|
F213040 |
Retails of precision instrument. |
|
F213050 |
Retails of measuring instruments
directives. |
|
F213060 |
Retails of telecommunication equipment. |
|
F213080 |
Retails of machinery and tool. |
|
F213090 |
Retails of traffic signs equipment. |
|
F213100 |
Retails of pollution-prevention equipment. |
|
F214080 |
Retails of rail cars and components. |
|
F217010 |
Retails of fire safety equipment. |
|
F218010 |
Retails of information media. |
|
F219010 |
Retails of electronic materials. |
|
F220010 |
Retails of refractory material. |
|
F299990 |
Other retails. |
|
F401010 |
International trading business. |
|
H701010 |
Retails of resident and building. |
|
H701020 |
Renting and developing of industrial
premises. |
|
H701030 |
Renting and developing of burial place. |
|
H701040 |
Developing of specific professional area. |
|
H701050 |
Invest in the construction industry. |
|
H701060 |
Developing of new town and new community. |
|
H701080 |
Urban renewal rebuilding industry. |
|
H702010 |
Building manager industry. |
|
H703090 |
Trading of real estate. |
|
H703100 |
Renting of real estate. |
|
I101061 |
Consult of engineering technologies. |
|
I102010 |
Consult of investment. |
|
I103060 |
Consult of management. |
|
I199990 |
Services of other consult. |
|
I301010 |
Services of information media. |
|
I301020 |
Services of handling with files. |
|
I301030 |
Supplying of electronic information. |
|
I501010 |
Designing of products. |
|
I503010 |
Landscape and interior designing. |
|
I599990 |
Other designing. |
|
IF01010 |
Fire safety equipment maintenance and repair
industry. |
|
IF02010 |
Electrical equipment inspection
maintenance industry. |
|
IF04010 |
Nondestructive testing industry. |
|
IG01010 |
Services of biotechnologies. |
|
IG02010 |
Services of researching and developing. |
|
IG03010 |
Services of energy technology. |
|
IZ09010 |
Management system authentication. |
|
IZ13010 |
Internet authentication service. |
|
IZ15010 |
Marketing research and opinion survey. |
|
IZ99990 |
Other business services. |
|
J101010 |
Building cleaning services. |
|
J101030 |
Waste removal industry. |
|
J101040 |
Waste disposal industry. |
|
J101050 |
Environmental testing services. |
|
J101080 |
Resources recycling industry. |
|
J101990 |
Other environmental health and pollution prevention
services. |
|
J399990 |
Other publishing industry. |
|
JE01010 |
Renting industry. |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
l
It is introduced that subject purchases
construction and engineering materials, equipment both at home and abroad.
l
The subject is mainly engaged in proving related services about construction and
engineering.
l
It is introduced that
subject’s service regions includes Taiwan, Thailand, Middle East, Mainland of
China, India, Saudi Arab and Southeast Asia, among others.
Major Customers
and Services
|
Major Customers |
Services |
|
Petroleum Refining |
．Crude Distillation ．Vacuum Distillation ．Catalytic Reforming ．Hydrodesulfurization ．Amine Treatment ．Sweetening ．Coking ．Hydrotreating ．Fluid Catalytic Cracking ．Hydrocracking ．Alkylation ．Isomerization ．Lubes and Fuels ．Asphalt ．Sulfur Recovery ．Gasification ．Hydrogen |
|
Petrochemical Processing |
．Olefins ．Aromatics ．Butadiene ．PDH ．OCU ．Organics: Acetaldehyde, Acetic Acid, Acrylonitrile, CPL, EB/SM, EDC /VCM,
EO / EG, MMA, MEK, Methanol, Cumene, Phenol, BPA, PTA, and various monomers ．Polyolefins: PE, PP ．Plastics: PVC, PS, ABS, PVA, etc. ．Elastomers: SBR, EPDM, etc. ．Synthetic Fibers: PET, Nylon, etc.. |
|
Transportation |
．Mass Rapid Transit Systems ．Highways ．High Speed Rails |
|
Metal Mills |
Blast Furnaces ．Coke Oven, CDQ, By-Products ．Sinter Plant ．Roll Mill Plant ．Copper Smelting |
|
Storage and Terminals |
Tank Yards ．LNG Receiving Terminals ．Chemical Storage |
|
Chemical Manufacturing |
．Fertilizers, Phosphates, Ion Exchange Resins, Waxes ．Brewery and Winery ．Pharmaceuticals ．Polysilicon |
|
Environmental And Safety |
EIS/EIA ．Solid Waste Treatment and Management ．Hazard and Risk Assessment ．Water / Wastewater Treatment ．Sewage and Sludge Treatment ．Noise Abatement |
|
Power Generation and Utility |
．Coal-fired Power Plants ．Combined Cycle Power Plants ．Oil/Gas fired Power Plants ． Nuclear Power Plants ．Cogeneration Plants ． Water Supply ．Air Separation |
|
Air Pollution Control |
De-NOx, De-Dioxin, De-SOx & De-dust for : ．Oil Refinery ．Petrochemical Plants ．Utility Power Plants ．Co-Generation Plants ．Sinter Plant of Steel Mill ．Metallurgical ．Waste Incinerator ．Chemical & Plastic ．Pulp & Paper ．Cement |
|
Waste-To-Energy |
．Refuse Incineration ．Medical & Hazardous Waste Incineration ．Liquid/ Gas Incineration ．Bio-mass Incineration ．Waste Collection and Disposal ．Slag and Fly Ash Treatment ．Operation & Maintenance |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Product |
Payment Terms |
Proportion |
|
Materials, etc |
COD, Credit Sales, etc |
100% |
Foreign Purchase
|
Product |
Payment Terms |
Proportion |
|
Materials, etc |
CBD, Credit Sales, etc |
100% |
Sales
Domestic Markets
|
Product |
Sales Terms |
Proportion |
|
Engineering Service and Construction
Services , etc |
Installment, etc |
100% |
Export
|
Product |
Sales Terms |
Proportion |
|
Engineering Service and Construction
Services , etc |
Installment, etc |
100% |
Unit: NTD/000
|
|
2012-12-31 |
2011-12-31 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and
cash equivalents |
9,436,323.00 |
12,233,579.00 |
|
Financial
assets measured at fair value through profit or loss - current |
920,150.00 |
1,947,816.00 |
|
Available-for-sale
financial assets - current |
407,280.00 |
360,731.00 |
|
Accounts
receivable - net |
1,871,705.00 |
2,374,250.00 |
|
Accounts
receivable - related parties - net |
209,798.00 |
585,676.00 |
|
Other
receivables |
58,899.00 |
56,095.00 |
|
Other
receivables - related parties |
1,980,253.00 |
1,819,008.00 |
|
Other
financial assets - current |
60,445.00 |
382,727.00 |
|
Inventories |
1,265.00 |
8,942.00 |
|
Construction
in process (for construction contracting business) |
94,069,261.00 |
37,180,701.00 |
|
Billings on
construction in process (for construction contracting business) |
-86,825,669.00 |
-33,665,847.00 |
|
Other
prepayments |
2,347,013.00 |
1,759,569.00 |
|
Other
current assets |
451,405.00 |
336,952.00 |
|
Current
assets |
24,988,128.00 |
25,380,199.00 |
|
Funds and Investments |
|
|
|
Financial
assets carried at cost - non current |
654,000.00 |
733,000.00 |
|
Equity
investments under equity method |
8,065,965.00 |
7,431,176.00 |
|
Investments |
8,065,965.00 |
7,431,176.00 |
|
Other
financial assets - non current |
300.00 |
0.00 |
|
Funds
and long-term investments |
8,720,265.00 |
8,164,176.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Land |
127,227.00 |
127,227.00 |
|
Buildings
and structures |
124,799.00 |
124,799.00 |
|
Machinery
and equipment |
316,739.00 |
311,582.00 |
|
Transportation
equipment |
47,463.00 |
122,354.00 |
|
Office
equipment |
49,023.00 |
49,230.00 |
|
Maintenance
equipment and tools |
37,062.00 |
33,691.00 |
|
Leasehold
improvements |
132,709.00 |
132,709.00 |
|
Fixed
assets cost |
835,022.00 |
901,592.00 |
|
Accumulated
depreciation |
-434,039.00 |
-442,947.00 |
|
Construction
in process and prepayment for equipments |
3,900.00 |
0.00 |
|
Fixed
assets |
404,883.00 |
458,645.00 |
|
Intangible Assets |
|
|
|
Computer
software cost |
92,630.00 |
91,753.00 |
|
Intangible
assets |
92,630.00 |
91,753.00 |
|
OtherAssets |
|
|
|
Rental
assets |
159,549.00 |
160,890.00 |
|
Guarantee
deposits paid |
192,774.00 |
187,090.00 |
|
Deferred
charges |
63,454.00 |
82,137.00 |
|
Long-term
notes and accounts receivable |
469.00 |
211.00 |
|
Long-term
notes and accounts receivable - related parties |
896,877.00 |
0.00 |
|
Other
assets |
1,313,123.00 |
430,328.00 |
|
Assets |
35,519,029.00 |
34,525,101.00 |
|
Liabilities and
Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Financial
liabilities measured at fair value through profit or loss - current |
2,509.00 |
23,731.00 |
|
Notes
payable |
2,888.00 |
5,158.00 |
|
Accounts
payable |
6,930,883.00 |
6,552,154.00 |
|
Accounts
payable - related parties |
795,790.00 |
1,064,909.00 |
|
Income tax
payable |
271,703.00 |
213,057.00 |
|
Accrued
expenses |
1,439,943.00 |
1,324,706.00 |
|
Billings
on construction in process (for construction contracting business) |
100,246,656.00 |
128,861,757.00 |
|
Construction
in process (for construction contracting business) |
-91,604,787.00 |
-119,652,728.00 |
|
Other
current liabilities |
164,687.00 |
326,452.00 |
|
Current
liabilities |
18,250,272.00 |
18,719,196.00 |
|
Long term Liabilities |
|
|
|
Reserves |
|
|
|
Other Liabilities |
|
|
|
Pension
reserve / accrued pension liability |
1,835,777.00 |
1,495,512.00 |
|
Guarantee
deposits received |
37,699.00 |
30,139.00 |
|
Deferred income
tax liabilities |
13,190.00 |
32,069.00 |
|
Other
liabilities - other |
89,562.00 |
85,912.00 |
|
Other
liabilities |
1,976,228.00 |
1,643,632.00 |
|
Liabilities |
20,226,500.00 |
20,362,828.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common
stock |
7,349,960.00 |
7,126,540.00 |
|
Advance
receipts for common stock |
0.00 |
0.00 |
|
Capital Surplus |
|
|
|
Capital surplus
- additional paid-in capital |
2,284,925.00 |
1,909,440.00 |
|
Capital
surplus - treasury stock transactions |
5,043.00 |
5,043.00 |
|
Capital
surplus - long-term equity investments |
232,800.00 |
198,070.00 |
|
Capital surplus
- employee stock option |
413,844.00 |
427,928.00 |
|
Capital
surplus - stock option |
17,085.00 |
23,249.00 |
|
Capital
surplus - other |
2,238.00 |
1,728.00 |
|
Capital
surplus |
2,955,935.00 |
2,565,458.00 |
|
Retained Earnings |
|
|
|
Legal
reserve |
2,260,381.00 |
2,034,108.00 |
|
Special
reserve |
56,584.00 |
187,164.00 |
|
Unappropriated
retained earnings |
2,618,735.00 |
2,317,423.00 |
|
Retained
earnings |
4,935,700.00 |
4,538,695.00 |
|
Stockholders' Equity
and Other adjustmen |
|
|
|
Cumulative
translation adjustments |
92,246.00 |
133,625.00 |
|
Net loss
not recognized as pension cost |
-212,565.00 |
-338,227.00 |
|
Unrealized
gains (losses) on financial instruments |
183,088.00 |
148,017.00 |
|
Treasure
stock |
-11,835.00 |
-11,835.00 |
|
Equity
adjustments |
50,934.00 |
-68,420.00 |
|
Stockholdersˉ
equity |
15,292,529.00 (USD 512,299,721.5) |
14,162,273.00 (USD
474,436.145.5) |
|
Number of
treasury stock acquired by the company and subsidiaries (unit: share) |
1,257,634.00 |
1,257,634.00 |
|
|
0.00 |
0.00 |
(As of 2013.12, 1 NTD = 0.0335 USD)
Unit: NTD/000
|
|
2012 |
2011 |
|
Engineering service revenue |
34,332,249.00 |
32,510,939.00 |
|
Construction
and engineering revenue |
34,332,249.00 |
32,510,939.00 |
|
Other
operating revenue |
492,134.00 |
490,040.00 |
|
Operating
income |
34,824,383.00 (USD
1,166,616,830.5) |
33,000,979.00 (USD
1,105,532,796.5) |
|
Cost of
engineering |
31,985,097.00 |
30,412,874.00 |
|
Cost of
construction and engineering service |
31,985,097.00 |
30,412,874.00 |
|
Other
operating costs |
484,485.00 |
475,717.00 |
|
Operating
costs |
32,469,582.00 |
30,888,591.00 |
|
Gross profit
(loss) from operations |
2,354,801.00 |
2,112,388.00 |
|
Realized
gains on intercompany transactions |
1,862.00 |
1,813.00 |
|
General
and administrative expenses |
996,931.00 |
897,935.00 |
|
Research and
development expenses |
95,378.00 |
104,333.00 |
|
Operating
expenses |
1,092,309.00 |
1,002,268.00 |
|
Operating
income (loss) |
1,264,354.00 |
1,111,933.00 |
|
Non-Operating Income |
|
|
|
Interest
income |
79,210.00 |
61,196.00 |
|
Inome from
long-term equity investments under the equity method |
1,252,288.00 |
1,258,840.00 |
|
Dividends |
28,162.00 |
30,116.00 |
|
Investment
income |
1,280,450.00 |
1,288,956.00 |
|
Gains on
disposal of fixed assets |
17,885.00 |
3,156.00 |
|
Gains on
sale of investments |
1,095.00 |
4,491.00 |
|
Foreign
exchange gains |
0.00 |
41,175.00 |
|
Rent
income |
27,160.00 |
22,629.00 |
|
Revaluation
gain on financial assets |
111,494.00 |
16,683.00 |
|
Miscellaneous
income |
31,661.00 |
63,106.00 |
|
Non-operating
revenues and gains |
1,548,955.00 |
1,501,392.00 |
|
Non-Operating Expenses |
|
|
|
Interest
expense |
0.00 |
228.00 |
|
Loss on
disposal of fixed assets |
22.00 |
0.00 |
|
Foreign
exchange losses |
68,447.00 |
0.00 |
|
Impairment
loss on assets |
79,000.00 |
50,000.00 |
|
Miscellaneous
disbursements |
15,415.00 |
15,936.00 |
|
Non-operating
expenses and losses |
162,884.00 |
66,164.00 |
|
Income
from continuing operations before income tax |
2,650,425.00 |
2,547,161.00 |
|
Income tax
expense (benefit) |
257,989.00 |
284,428.00 |
|
Income
from continuing operations |
2,392,436.00 |
2,262,733.00 |
|
Net income
(loss) |
2,392,436.00 (USD 80,146,606) |
2,262,733.00 (USD
75,801,555.5) |
|
Primary Earnings per
Share |
|
|
|
Income (loss)
from continuing operations |
3.32 |
3.22 |
|
Primary
earnings per share |
3.32 |
3.22 |
|
Diluted earnings per
share |
|
|
|
Income
(loss) from continuing operations |
3.20 |
3.11 |
|
Diluted
earnings per share |
3.20 |
3.11 |
(As of 2013.12, 1 NTD =
0.0335 USD)
|
|
2012 |
2011 |
|
Cash Flows from Operating Activities - Indirect Method |
|
|
|
Net Income (Loss) |
2,392,436.00 |
2,262,733.00 |
|
Adjustments to Reconcile Net Income to Net Cash Provided by
(Used in) Operating Activities |
|
|
|
Depreciation Expense |
89,508.00 |
86,477.00 |
|
Amortization Expense |
116,506.00 |
106,706.00 |
|
Provision (Reversal of Provision) for Bad Debts
Losses |
-9,476.00 |
4,807.00 |
|
Share-based Compensation |
68,916.00 |
124,274.00 |
|
Amortization of Discounts (Premiums) on Bonds Payable |
0.00 |
0.00 |
|
Investment Loss (Income) Recognized under Equity
Method |
-1,252,288.00 |
-1,258,840.00 |
|
Cash Dividends Received from Investments Accounted
for under Equity Method |
808,497.00 |
788,344.00 |
|
Loss (Gain) on Disposal of Property, Plan and Equipment |
-17,863.00 |
-3,156.00 |
|
Loss (Gain) on Disposal of Investments |
-1,095.00 |
-4,491.00 |
|
Unrealized Revaluation Loss (Gain) on Financial
Assets and Liabilities |
-111,494.00 |
-16,683.00 |
|
Impairment Losses on Financial Asset |
79,000.00 |
50,000.00 |
|
Realized Loss (Gain) on Intercompany Transactions |
-1,862.00 |
-1,813.00 |
|
Changes in Operating Assets and Liabilities |
|
|
|
Decrease (Increase) in Financial Assets Held
for Trading |
1,238,628.00 |
-714,443.00 |
|
Decrease (Increase) in Notes Receivable |
0.00 |
0.00 |
|
Decrease (Increase) in Accounts Receivable |
512,021.00 |
-1,181,948.00 |
|
Decrease (Increase) in Accounts Receivable -
Related Parties |
375,878.00 |
1,216,042.00 |
|
Decrease (Increase) in Other Receivables |
-3,062.00 |
25,381.00 |
|
Decrease (Increase) in Other Receivable-
Related Parties |
-1,058,122.00 |
-1,362,742.00 |
|
Decrease (Increase) in Inventories |
7,677.00 |
11,278.00 |
|
Decrease (Increase) in Balance of the
Construction-in-progress Account Exceeds the Balance of Billings on
Construction-in-progress |
-3,728,738.00 |
1,425,667.00 |
|
Decrease (Increase) in Other Prepayments |
-587,444.00 |
-274,256.00 |
|
Decrease (Increase) in Other Current Assets |
-23,598.00 |
-50,972.00 |
|
Decrease (Increase) in Other Financial Assets |
321,982.00 |
-238,212.00 |
|
Decrease (Increase) in Deferred Tax Assets |
-109,734.00 |
-51,745.00 |
|
Increase (Decrease) in Notes Payable |
-2,270.00 |
1,868.00 |
|
Increase (Decrease) in Accounts Payable |
378,729.00 |
1,009,090.00 |
|
Increase (Decrease) in Accounts Payable -
Related Parties |
-269,119.00 |
693,816.00 |
|
Increase (Decrease) in Income Tax Payable |
58,646.00 |
1,773.00 |
|
Increase (Decrease) in Accrued Expenses |
115,237.00 |
230,053.00 |
|
Decrease (Increase) in the Balance of
Billings on Construction-in-progress Exceeds Balance of the Construction-in-progress
Account |
-567,160.00 |
-322,883.00 |
|
Increase (Decrease) in Other Current
Liabilities |
-161,765.00 |
89,635.00 |
|
Increase (Decrease) in Accrued Pension
Liabilities |
340,265.00 |
435,702.00 |
|
Net Cash Provided by (Used in) Operating Activities |
-1,001,164.00 |
3,081,462.00 |
|
Cash Flows from Investing Activities |
|
|
|
Acquisition of Available-for-sale Financial Assets |
-16,588.00 |
36,111.00 |
|
Acquisition of Financial Assets Carried at Cost |
0.00 |
-309,375.00 |
|
Proceeds from Disposal of Financial Assets Carried at Cost |
0.00 |
0.00 |
|
Acquisition of Investments Accounted for by Equity Method |
-149,350.00 |
-298,508.00 |
|
Proceeds from Disposal of Investments Accounted for by Equity
Method |
9,357.00 |
524,920.00 |
|
Decrease (Increase) in Prepayments for Long-term Investments |
0.00 |
0.00 |
|
Purchase of Property, Plant and Equipment |
-35,767.00 |
-75,141.00 |
|
Proceeds from Disposal of Property, Plant and Equipment |
19,225.00 |
9,734.00 |
|
Decrease (Increase) in Refundable Deposits |
-5,684.00 |
-8,343.00 |
|
Increase in Deferred Charges |
-42,702.00 |
-34,673.00 |
|
Purchase of Intangible Assets |
-55,998.00 |
-66,110.00 |
|
Net Cash Provided by (Used in) Investing Activities |
-277,507.00 |
-221,385.00 |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Guarantee Deposits Received |
7,560.00 |
6,515.00 |
|
Increase (Decrease) in Payables |
0.00 |
0.00 |
|
Cash Dividends Paid |
-1,995,431.00 |
-1,697,760.00 |
|
Exercise of Employee Stock Options |
469,286.00 |
267,240.00 |
|
Net Cash Provided by (Used in) Financing Activities |
-1,518,585.00 |
-1,424,005.00 |
|
Net Increase (Decrease) in Cash and Cash Equivalents |
-2,797,256.00 |
1,436,072.00 |
|
Cash and Cash Equivalents, Beginning of year |
12,233,579.00 |
10,797,507.00 |
|
Cash and Cash Equivalents, End of year |
9,436,323.00 |
12,233,579.00 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid |
0.00 |
228.00 |
|
Interest Paid- Excluding Capitalized Interest |
0.00 |
228.00 |
|
Income Tax Paid |
309,077.00 |
314,097.00 |
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
|
Trial Number |
2009, Beijian, 31034 |
|
Trial Date |
2009-12-15 |
|
Cause |
Return of cash deposit |
|
2 |
|
|
Trial Number |
2009, Beijian,31034 |
|
Trial Date |
2009-9-29 |
|
Cause |
Return of cash deposit |
|
3 |
|
|
Trial Number |
2007, Beijian, 34532 |
|
Trial Date |
2007-9-28 |
|
Cause |
|
|
Name |
The Operator |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.99 |
|
UK Pound |
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.84.82 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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.