|
Report Date : |
25.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
DELTA ELECTRONICS, INC. |
|
|
|
|
Registered Office : |
No.31-1, Shien Pam Rd., Kuei Shan Industrial
Zone, Taoyuan Hsien |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
20.08.1975 |
|
|
|
|
Com. Reg. No.: |
34051920 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sale of electronic
components |
|
|
|
|
No. of Employees : |
About 5,000 Employees (Taiwan) |
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 : |
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 – 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: |
|
|
Supplied Name: |
|
|
Trading Address: |
186 Ruey Kuang
Road, Neihu District, Taipei City 11491, Taiwan, R.O.C. |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-8797-2088 |
|
Fax Number: |
|
|
E-mail: |
Notes: The exact name and address are as
above.
|
Registered Name: |
DELTA ELECTRONICS, INC. |
|
Registered Address: |
No.31-1, Shien Pam Rd., Kuei Shan Industrial
Zone, Taoyuan Hsien, Taiwan, R.O.C. |
|
Date of Foundation: |
1975-8-20 |
|
Registration Number: |
34051920 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs,
R.O.C. |
|
Registered Capital: |
NTD
27,000,000,000 (USD 918,000,000) (As of 2013.09, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 24,273,644,890 (USD 825,303,926) |
|
Legal Representatives: |
Yingjun Hai |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
About 5,000 Employees
(Taiwan) About 60,000 Employees (Group) |
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated
on 1975-8-20 with registered number 34051920
as Joint Stock Company in
Taiwan.
Subject listed on Taiwan Stock Exchange on
1988-12-19.
|
Name |
Subscription Shares |
|
Yingjun Hai |
502,302 |
|
Zixing Ke |
|
|
1,392,358 |
|
|
Chonghua Zheng |
139,642,593 |
|
Ping Zheng |
8,304,645 |
|
Zhongjie Li |
6,000 |
|
Xunhai Zhang |
497,881 |
|
Chuntiao Liu |
419,568 |
|
Mingzhong Zhang |
719,791 |
The information above is that of subject’s major shareholders.
Branch Companies
|
Name |
Delta Electronics, Inc. Tainan Branch |
|
Address |
No. 39, Section 2, Huandong Rd., Shanhua Dist., Tainan City 741,
Taiwan (R.O.C.) |
|
Registration Number |
13111492 |
|
Date of Registration |
2005-11-8 |
|
Status |
Live Company |
|
Manager Name |
Wenyin Cai |
|
Date of Last Annual Return |
2005-11-8 |
Factories
|
1 |
|
|
Name: |
Delta Electronics, Inc. Pingzhen Factory |
|
Address: |
No.458, Pingzhen Section, Zhongxing Li,
Pingzhen City, Taoyuan County, Taiwan R.O.C. |
|
Date of Registration: |
2010-12-7 |
|
Factory Registration Number: |
03000148 |
|
Factory Manager: |
Yingjun Hai |
|
Legal Form: |
Joint Stock Company |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2012-8-9 |
|
Major Product |
269 Other electronic components 271 Computer and peripheral equipment 273 Audio and visual products 277 optical instrument |
|
2 |
|
|
Name: |
Delta Electronics, Inc. Taoyuan 1st
Factory |
|
Address: |
No. 31-1, Xingbang Road, Guishan Industrial Park, Guishan County,
Taiwan, R.O.C. |
|
3 |
|
|
Name: |
Delta Electronics, Inc. Taoyuan 3rd
Factory |
|
Address: |
No. 18, Xinglong Road, Dalin Li, Taoyuan City, Taoyuan County, Taiwan,
R.O.C. |
|
Date of Registration: |
2011-11-3 |
|
Factory Registration Number: |
03000744 |
|
Factory Manager: |
Yingjun Hai |
|
Legal Form: |
Joint Stock Company |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2012-8-9 |
|
Major Product |
269 Other electronic components 271 Computer and peripheral equipment 272 Communication equipment 273 Audio and visual products 275 Measuring equipment, navigation equipment, control equipment and
clock 284 Lighting equipment 285 Household appliances |
|
4 |
|
|
Name: |
Delta Electronics, Inc. Neihu Factory |
|
Address: |
No. 186, Ruiguang Road, Gangqian Li, Neihu District, Taipei city,
Taiwan, R.O.C. (Office in 1st Floor, Meeting Room And Reading Room
in 2nd Floor, Factory in 3rd Floor~9th
Floor) |
|
Date of Foundation: |
1997-2-1 |
|
Date of Registration: |
1999-6-14 |
|
Factory Registration Number: |
63021561 |
|
Factory Manager: |
Yingjun Hai |
|
Legal Form: |
Joint Stock Company |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2012-8-14 |
|
Major Product |
269 Other electronic components 271 Computer and peripheral equipment |
|
5 |
|
|
Name: |
Delta Electronics, Inc. Tainan Branch 1st
Factory |
|
Address: |
No. 39, Section 2, Huandong Rd., Shanhua Dist., Tainan City 741,
Taiwan (R.O.C.) |
|
Tel: |
+886-6-505-6565 |
|
Date of Registration: |
2005-12-30 |
|
Factory Registration Number: |
94A00132 |
|
Factory Manager: |
Yingjun Hai |
|
Legal Form: |
Branch of Delta Electronics,
Inc. |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2012-8-17 |
|
Major Product |
289 Other electrical equipment |
|
6 |
|
|
Name: |
Delta Electronics, Inc. Zhongli Factory |
|
Address: |
No.3, Dongyuan Road, Zhongli Industrial
Park, Zhongli City, Taiwan, R.O.C. |
|
Tel: |
+886-3-452-6107 |
Major Related Companies
|
1 |
|
|
Name: |
Delta Electronics (Shanghai) Co., Ltd. |
|
Address: |
No.182 Minyu Road, Pudong Shanghai, P.R.C. 201209 |
|
Tel: |
+86-21-6872-3988 |
|
Fax: |
+86-21-6872-3996 |
|
2 |
|
|
Name: |
Delta Electronics (Dongguan) Co., Ltd. |
|
Address: |
Delta Industrial Estate, Shijie Town,
Dongguan City, Guangdong Province, P.R.C. 523308 |
|
Tel: |
+86-769-8663-5008 |
|
Fax: |
+86-769-8663-4479 |
|
3 |
|
|
Name: |
Delta Electronics (Jiangsu) Ltd. |
|
Address: |
No.1688,Jiangxing East Rd., Wujiang Eco
& Tech Development Zone, Wujiang City, Jiangsu., P.R.C. 215200 |
|
Tel: |
+86-512-6340-1008 |
|
Fax: |
+86-512-6340-1564 |
|
4 |
|
|
Name: |
Delta Electronics (Wuhu) Ltd. |
|
Address: |
68 Jiuhua North Rd., Wuhu Export Processing
Zones, Anhui Province, P.R.C. 241009 |
|
Tel: |
+86-553-577-3008 |
|
Fax: |
+86-553-577-3016 |
|
5 |
|
|
Name: |
Delta Electronics (Chenzhou) Co., Ltd. |
|
Address: |
Chenzou Export Processing Zone, Bailutang
Town, Suxian District, Chenzou, Hunan Province, P.R.C. 423038 |
|
Tel: |
+86-735-266-1008 |
|
Fax: |
+86-735-266-1818 |
|
6 |
|
|
Name: |
Delta Greentech (China) Co., Ltd. |
|
Address: |
No. 238 Min-Xia Road, Pudong District,
Shanghai, P.R.C. |
|
Tel: |
+86-21-5863-5678 |
|
Fax: |
+86-21-5863-0003 |
|
7 |
|
|
Name: |
Delta Green Tianjin Industries Co., Ltd. |
|
Address: |
168 No.15 Coastal Way, Tianjin Port Free
Trade Zone, P.R.C. |
|
Tel: |
+86-22-2576-0371 |
|
Fax: |
+86-22-2576-0380 |
|
8 |
|
|
Name: |
Delta Electronics (Hong Kong) Ltd. |
|
Address: |
21/F, Prosperity Center, 25 Chong Yip
Street, Kwun tong, Kowloon, Hong Kong |
|
Tel: |
+852-2318-1038 |
|
Fax: |
+852-2757-5819 |
|
9 |
|
|
Name: |
Delta Electronics (Japan), Inc. |
|
Address: |
2-1-14 Minato-ku Shibadaimon, Tokyo
105-0012, Japan |
|
Tel: |
+81-3-5733-1111 |
|
Fax: |
+81-3-5733-1211 |
|
10 |
|
|
Name: |
Delta Electronics (Korea), Inc. |
|
Address: |
1511, Byucksan Digital Valley 6-cha, Gasan-dong,
Geumcheon-gu, Seoul, Korea, 153-704 |
|
Tel: |
+82-2-515-5305 |
|
Fax: |
+82-2-515-5302 |
|
11 |
|
|
Name: |
Delta Electronics Int'l (S) Pte Ltd |
|
Address: |
4 Kaki Bukit Ave 1, #05-05, Singapore 417939 |
|
Tel: |
+65-6747-5155 |
|
Fax: |
+65-6744-9228 |
|
12 |
|
|
Name: |
Delta Electronics (Thailand) Public Co.,
Ltd. |
|
Address: |
714 Soi E5, Moo 4, Bangpoo Industrial Estate
(E.P.Z), Pattana 1 Rd., Tambon Phraksa, Amphur Muang, Samutprakarn 10280,
Thailand |
|
Tel: |
+66-2709-2800 |
|
Fax: |
+66-2709-3806 |
|
13 |
|
|
Name: |
Delta India Electronics Pvt. Ltd |
|
Address: |
Plot No. 43 Sector 35, HSIIDC Gurgaon, PIN
122001, Haryana, India |
|
Tel: |
+91-124-487-4900 |
|
Fax: |
+91-124-487-4945 |
|
14 |
|
|
Name: |
Delta Power Solutions (India) Pvt. Ltd |
|
Address: |
R.S No. 16/1, 2, Thirubuvanai Village,
Mannadipet Commune, Pondicherry–605107, India |
|
Tel: |
+91-413-264-3311 |
|
Fax: |
+91-413-264-1002 |
|
15 |
|
|
Name: |
Delta Power Solutions India Pvt Ltd. |
|
Address: |
Plot No.11-12-13A,37B,38,39-A, Sector-5
Phase-I,IIE Pantnagar, Rudrapur, PIN-263153, Distt: Udham Singh.Nagar,
Uttaranchal |
|
Tel: |
+91-5944-666000 |
|
Fax: |
+91-5944-662477 |
Core Management
Directors
|
1 |
|
|
Name |
Yingjun Hai |
|
Position |
Board Chairman/ Manager |
|
Date of Appointment |
2012-8-16 |
|
2 |
|
|
Name |
Zixing Ke |
|
Position |
Vice-President/ Manager |
|
Date of Appointment |
2012-8-16 |
|
3 |
|
|
Name |
Chonghua Zheng |
|
Position |
Director |
|
4 |
|
|
Name |
Ping Zheng |
|
Position |
Director/ Manager |
|
Date of Appointment |
2005-1-6 |
|
5 |
|
|
Name |
Zhongjie Li |
|
Position |
Director/ Manager |
|
Date of Appointment |
2012-6-28 |
|
6 |
|
|
Name |
Zeyuan Li |
|
Position |
Director |
|
7 |
|
|
Name |
Xunhai Zhang |
|
Position |
Director/ Manager |
|
Date of Appointment |
2006-5-18 |
|
8 |
|
|
Name |
Chuntiao Liu |
|
Position |
Director/ Manager |
|
Date of Appointment |
2012-6-28 |
|
9 |
|
|
Name |
Mingzhong Zhang |
|
Position |
Director |
|
10 |
|
|
Name |
Chongxing Huang |
|
Position |
Director |
|
11 |
|
|
Name |
Taisheng Zhao |
|
Position |
Independent Director |
|
12 |
|
|
Name |
Yongqing Chen |
|
Position |
Independent Director |
|
13 |
|
|
Name |
Zongping Peng |
|
Position |
Independent Director |
|
14 |
|
|
Name |
Shuling Wang |
|
Position |
Manager |
|
Date of Appointment |
2013-8-1 |
Personnel
Structure
|
Total Employees |
About 5,000 Employees (Taiwan) About 60,000 Employees (Group) |
Offices &
Factories
|
|
Headquarters |
|
Add |
186 Ruey Kuang Road, Neihu District, Taipei City 11491, Taiwan, R.O.C. |
Production
Information
Subject is engaged in manufacturing of electronic components, etc.
Subject has factories in Taiwan and Mainland China for production.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
A101020 |
Cultivation of crops |
|
A102080 |
Services of gardening |
|
A199990 |
Other agriculture |
|
C801010 |
Basic chemical industry |
|
C801990 |
Manufacturing of chemical materials |
|
C802120 |
Manufacturing of industrial auxiliaries |
|
CA02990 |
Manufacturing of other metal products |
|
CA04010 |
Surface finishing |
|
CB01010 |
Manufacturing of machinery and equipment |
|
CB01071 |
Manufacturing of air conditioning equipment |
|
CB01990 |
Manufacturing of other machinery |
|
CC01010 |
Manufacturing of equipment for electricity generation, electricity
transmission and electricity distribution |
|
CC01030 |
Manufacturing of electrical appliance and audio visual electronic
equipment |
|
CC01040 |
Manufacturing of lighting equipment |
|
CC01060 |
Manufacturing of wire communication equipment |
|
CC01070 |
Manufacturing of wireless communication equipment |
|
CC01080 |
Manufacturing of electronic components |
|
CC01090 |
Manufacturing of battery |
|
CC01101 |
Manufacturing of radio-frequency devices for telecommunications
regulation |
|
CC01110 |
Manufacturing of computers and related equipment |
|
CC01120 |
Manufacturing and copying of data storage media |
|
CC01990 |
Manufacturing of other electric motor
and electronic equipment. |
|
CD01010 |
Manufacturing of vessel and its components |
|
CD01020 |
Manufacturing of railway vehicle and its components |
|
CD01030 |
Manufacturing of automobile and its components |
|
CD01040 |
Manufacturing of locomotive and its components |
|
CD01050 |
Manufacturing of bicycle and its components |
|
CD01060 |
Manufacturing of aircraft and its components |
|
CD01990 |
Manufacturing of other transportation and its components |
|
CE01010 |
Manufacturing of general instrument |
|
CE01021 |
Manufacturing of measuring instruments directives |
|
CE01030 |
Manufacturing of optical instrument |
|
CE01040 |
Manufacturing of clock and watch |
|
CE01990 |
Manufacturing of other optical instrument and precision machinery |
|
CF01011 |
Manufacturing of medical device |
|
E599010 |
Piping engineering project |
|
E601010 |
Taking the charging of installation of electrical appliance. |
|
E601020 |
Installing of electrical appliance |
|
E602011 |
Project of air conditions |
|
E603040 |
Installation work of fire safety equipment |
|
E603050 |
Project of automatic controlling device |
|
E603090 |
Installation work of lighting equipment |
|
E604010 |
Installing of machinery |
|
E605010 |
Installing of computer equipment |
|
E701030 |
Installation work of radio-frequency devices for telecommunications
regulation |
|
EZ05010 |
Installation work of instrument and apparatus |
|
EZ14010 |
Installation work of equipment for sport field |
|
F101081 |
Wholesales of germchit |
|
F106040 |
Wholesales of water equipment material |
|
F108031 |
Wholesales of medical device |
|
F109070 |
Wholesales of products for culture and education, musical instrument
and play |
|
F113010 |
Wholesales of machinery |
|
F113020 |
Wholesales of electrical appliance |
|
F113050 |
Wholesales of computers and transactional machine |
|
F113070 |
Wholesales of telecommunications equipment |
|
F113110 |
Wholesales of battery |
|
F118010 |
Wholesales of information media |
|
F119010 |
Wholesales of electronic materials |
|
F199990 |
Other wholesales |
|
F201010 |
Retails of agricultural products |
|
F201990 |
Retails of other workstock and aquatic product |
|
F208031 |
Retails of medical device |
|
F209060 |
Retails of products for culture and education, musical instrument and
play |
|
F213010 |
Retails of electrical appliances |
|
F213030 |
Retails of computer and transactional machine equipment |
|
F213060 |
Retails of telecommunications equipment |
|
F218010 |
Retails of OneNote |
|
F219010 |
Retails of electronic materials |
|
F399040 |
No store retailing |
|
F401010 |
International trading business |
|
F401021 |
Importing of radio-frequency devices for telecommunications regulation |
|
F401181 |
Importing of measuring instruments directives |
|
F601010 |
Intellectual property |
|
G801010 |
Storage business |
|
I101070 |
Consultant of farming, forestry, fishery and animal husbandry |
|
I103060 |
Consultant of management |
|
I301010 |
Servicing of OneNote |
|
I301020 |
Servicing of data processing |
|
I301030 |
Servicing of electronic information supplying |
|
I401010 |
General advertising service |
|
I501010 |
Designing for products |
|
I599990 |
Other designing |
|
IG02010 |
Research and development services |
|
IG03010 |
Energy services companies |
|
IZ03010 |
Newspaper clipping |
|
IZ04010 |
Translation business |
|
IZ10010 |
Publishing industry |
|
IZ13010 |
Servicing for web trust |
|
IZ99990 |
Other trading business services |
|
J303010 |
Publishing of magazines |
|
J304010 |
Publishing of book |
|
J305010 |
Publishing of talkies |
|
J399010 |
Publishing of software |
|
J399990 |
Other publishing |
|
J701070 |
Leisure industry of information |
|
JE01010 |
Renting business |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted |
The components for production include semiconductor, diode, transistor,
power supply control IC, electrolytic condenser, multilayer ceramic capacitor,
and printed circuit board, etc.
The components and raw material for production are purchased from both
home and abroad such as Taiwan domestic market and Japan.
Subject is engaged in sale of electronic components, etc.
Subject’s sales regions include Taiwan, Mainland China, Japan, Europe
and America, etc.
Subject has a proportion of 68% for domestic sale and 32% for foreign
sale.
Subject’s major customers include “APPLE”, “Fujitsu”, “HP”, “IBM”,
“Microsoft”, “SONY” and “Cisco”, etc.
Subject’s car chargers are sold to car manufacturers of “GM”, “Ford” and
“Chrysler”, etc.
Major products
|
Type |
Product |
|
Power Electronics |
Embedded Power Supplies Mobile Power Supplies Fans and Thermal Management Electronic Components for ICT Equipment |
|
Energy Management |
Industrial Automation Telecom Power Systems UPS & Datacenter Infrastructure Renewable Energy Automotive Electronics & EV Charging |
|
Smart Green Life |
Networking Systems Display and Visualization LED Lighting Healthcare Devices |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Components and
raw materials |
Credit Sale,
Cash, T/T, etc |
100% |
Foreign Purchase
|
Terms |
Proportion |
|
|
Components and
raw materials |
L/C, T/T, etc |
100% |
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Electronic
components, etc |
Credit Sale,
Cash, T/T, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Electronic
components, etc |
L/C, T/T, etc |
100% |
Unit: NTD/000
|
|
2012-12-31 |
2011-12-31 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
5,045,761.00 |
8,437,582.00 |
|
Financial assets measured at fair value through profit or loss -
current |
720,000.00 |
0.00 |
|
Available-for-sale financial assets - current |
555,522.00 |
524,013.00 |
|
Financial assets carried at cost - current |
0.00 |
37,092.00 |
|
Notes receivable - net |
88,759.00 |
121,034.00 |
|
Accounts receivable - net |
4,747,381.00 |
3,989,817.00 |
|
Accounts receivable - related parties - net |
1,828,201.00 |
1,197,372.00 |
|
Other receivables |
104,604.00 |
103,629.00 |
|
Other receivables - related parties |
533,146.00 |
471,882.00 |
|
Other financial assets - current |
39,849.00 |
44,163.00 |
|
Inventories |
756,526.00 |
937,228.00 |
|
Long-term investment in stock classified as held for sale |
2,378,066.00 |
0.00 |
|
Other current assets |
303,978.00 |
718,810.00 |
|
Current assets |
17,101,793.00 |
16,582,622.00 |
|
Funds and Investments |
|
|
|
Financial assets measured at fair value through profit or loss - non
current |
0.00 |
1,580,000.00 |
|
Available-for-sale financial assets - non current |
2,143,517.00 |
22,198.00 |
|
Financial assets carried at cost - non current |
575,292.00 |
3,299,410.00 |
|
Equity investments under equity method |
89,188,433.00 |
90,836,694.00 |
|
Cash surrender value of life insurance |
115,434.00 |
112,700.00 |
|
Investments |
89,303,867.00 |
90,949,394.00 |
|
Funds and long-term investments |
92,022,676.00 |
95,851,002.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Land |
2,179,538.00 |
1,100,055.00 |
|
Buildings and structures |
3,990,972.00 |
2,331,617.00 |
|
Machinery and equipment |
1,053,694.00 |
999,542.00 |
|
Molding equipment |
359,520.00 |
347,102.00 |
|
Computer and telecommunication equipment |
317,491.00 |
296,979.00 |
|
Testing equipment |
1,732,249.00 |
1,685,548.00 |
|
Transportation equipment |
27,640.00 |
26,924.00 |
|
Office equipment |
198,604.00 |
186,078.00 |
|
Leasehold improvements |
73,069.00 |
53,638.00 |
|
Revaluation increment |
620,497.00 |
620,497.00 |
|
Cost and revaluation increment |
10,553,274.00 |
7,647,980.00 |
|
Accumulated depreciation |
-3,770,512.00 |
-3,438,351.00 |
|
Construction in process and prepayment for equipments |
632,803.00 |
2,123,454.00 |
|
Fixed assets |
7,415,565.00 |
6,333,083.00 |
|
Intangible Assets |
|
|
|
Trademarks |
412,890.00 |
0.00 |
|
Patents |
20,061.00 |
23,170.00 |
|
Deferred pension cost |
4,116.00 |
8,232.00 |
|
Intangible assets |
437,067.00 |
31,402.00 |
|
OtherAssets |
|
|
|
Rental assets |
1,795,589.00 |
765,157.00 |
|
Idled assets |
0.00 |
0.00 |
|
Guarantee deposits paid |
2,927.00 |
6,663.00 |
|
Deferred charges |
311,303.00 |
185,055.00 |
|
Other assets - other |
15,547.00 |
33,583.00 |
|
Other assets |
2,125,366.00 |
990,458.00 |
|
Assets |
119,102,467.00 |
119,788,567.00 |
|
Liabilities and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Hedging derivative liabilities - current |
1,485.00 |
0.00 |
|
Accounts payable |
451,013.00 |
650,072.00 |
|
Accounts payable - related parties |
6,649,501.00 |
6,157,405.00 |
|
Income tax payable |
952,207.00 |
892,266.00 |
|
Accrued expenses |
4,720,398.00 |
4,430,746.00 |
|
Other payables - related parties |
47,768.00 |
233,988.00 |
|
Other payables |
185,092.00 |
198,586.00 |
|
Advance receipts |
228,558.00 |
219,388.00 |
|
Other current liabilities |
621,629.00 |
1,177,032.00 |
|
Current liabilities |
13,857,651.00 |
13,959,483.00 |
|
Long term Liabilities |
|
|
|
Long-term borrowings |
16,315,000.00 |
22,272,000.00 |
|
Long-term liabilities |
16,315,000.00 |
22,272,000.00 |
|
Reserves |
|
|
|
Reserve for land revaluation increment tax |
119,864.00 |
119,864.00 |
|
Reserves |
119,864.00 |
119,864.00 |
|
Other Liabilities |
|
|
|
Pension reserve / accrued pension liability |
1,522,532.00 |
1,370,529.00 |
|
Guarantee deposits received |
5,410.00 |
4,740.00 |
|
Deferred income tax liabilities |
3,615,969.00 |
4,240,595.00 |
|
Other liabilities - other |
0.00 |
578.00 |
|
Other liabilities |
5,143,911.00 |
5,616,442.00 |
|
Liabilities |
35,436,426.00 |
41,967,789.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common stock |
24,211,780.00 |
24,033,974.00 |
|
Capital Surplus |
|
|
|
Capital surplus - additional paid-in capital |
24,638,107.00 |
23,495,905.00 |
|
Capital surplus - other |
1,765,000.00 |
3,013,550.00 |
|
Capital surplus |
26,403,107.00 |
26,509,455.00 |
|
Retained Earnings |
|
|
|
Legal reserve |
12,163,682.00 |
11,064,579.00 |
|
Special reserve |
1,628,536.00 |
4,796,006.00 |
|
Unappropriated retained earnings |
22,805,885.00 |
13,045,300.00 |
|
Retained earnings |
36,598,103.00 |
28,905,885.00 |
|
Stockholders' Equity and Other adjustment |
|
|
|
Cumulative translation adjustments |
-4,287,240.00 |
-1,716,140.00 |
|
Net loss not recognized as pension cost |
-284,342.00 |
-263,401.00 |
|
Unrealized gains (losses) on financial instruments |
-281,431.00 |
-176,551.00 |
|
Unrealized Revaluation Increment |
527,556.00 |
527,556.00 |
|
|
778,508.00 |
0.00 |
|
Equity adjustments |
-3,546,949.00 |
-1,628,536.00 |
|
Stockholders - equity |
83,666,041.00 (USD 2,844,645,394.00) |
77,820,778.00 (USD 2,645,906,452.00) |
|
Number of treasury stock acquired by the company and subsidiaries
(unit: share) |
0.00 |
0.00 |
|
|
0.00 |
0.00 |
(As of 2013.09, 1 NTD = 0.0340 USD)
Unit: NTD/000
|
|
2012 |
2011 |
|
Sales |
28,206,472.00 (USD 959,020,048.00) |
25,800,466.00 (USD 877,215,844.00) |
|
Sales returns |
8,069.00 |
13,467.00 |
|
Sales discounts and allowances |
5,490.00 |
3,282.00 |
|
Sales |
28,192,913.00 |
25,783,717.00 |
|
Service revenue |
8,094,643.00 |
6,917,765.00 |
|
Service revenue |
8,094,643.00 |
6,917,765.00 |
|
Operating income |
36,287,556.00 |
32,701,482.00 |
|
Cost of sales |
25,379,810.00 |
23,266,764.00 |
|
Cost of services |
7,015,935.00 |
5,740,112.00 |
|
Cost of services |
7,015,935.00 |
5,740,112.00 |
|
Operating costs |
32,395,745.00 |
29,006,876.00 |
|
Gross profit (loss) from operations |
3,891,811.00 |
3,694,606.00 |
|
Unrealized gains on intercompany transactions |
0.00 |
578.00 |
|
Realized gains on intercompany transactions |
578.00 |
82.00 |
|
Selling expense |
327,779.00 |
333,807.00 |
|
General and administrative expenses |
1,580,020.00 |
1,493,559.00 |
|
Research and development expenses |
154,360.00 |
129,192.00 |
|
Operating expenses |
2,062,159.00 |
1,956,558.00 |
|
Operating income (loss) |
1,830,230.00 |
1,737,552.00 |
|
Non-Operating Income |
|
|
|
Interest income |
14,600.00 |
19,103.00 |
|
Income from long-term equity investments under the equity method |
14,468,324.00 |
10,714,871.00 |
|
Dividends |
40,789.00 |
69,535.00 |
|
Investment income |
14,509,113.00 |
10,784,406.00 |
|
Gains on disposal of fixed assets |
7,547.00 |
4,923.00 |
|
Gains on sale of investments |
1,380,059.00 |
180,517.00 |
|
Foreign exchange gains |
66,550.00 |
23,933.00 |
|
Rent income |
52,638.00 |
44,557.00 |
|
Miscellaneous income |
401,582.00 |
369,125.00 |
|
Non-operating revenues and gains |
16,432,089.00 |
11,426,564.00 |
|
Non-Operating Expenses |
|
|
|
Interest expense |
134,901.00 |
71,922.00 |
|
Miscellaneous disbursements |
32,086.00 |
16,021.00 |
|
Non-operating expenses and losses |
166,987.00 |
87,943.00 |
|
Income from continuing operations before income tax |
18,095,332.00 |
13,076,173.00 |
|
Income tax expense (benefit) |
928,584.00 |
584,922.00 |
|
Income from continuing operations |
17,166,748.00 |
12,491,251.00 |
|
Income (loss) from operations of discontinued operations |
-1,057,206.00 |
-1,500,220.00 |
|
Income (loss) from discontinued operations |
-1,057,206.00 |
-1,500,220.00 |
|
Net income (loss) |
16,109,542.00 (USD 547,724,428.00) |
10,991,031.00 (USD 373,695,054.00) |
|
Primary Earnings per Share |
|
|
|
Income (loss) from continuing operations |
7.12 |
5.20 |
|
Income (loss) from discontinued operations |
-0.44 |
-0.62 |
|
Primary earnings per share |
6.68 |
4.58 |
|
Diluted earnings per share |
|
|
|
Income (loss) from continuing operations |
7.01 |
5.10 |
|
Income (loss) from discontinued operations |
-0.43 |
-0.61 |
|
Diluted earnings per share |
6.58 |
4.49 |
(As of 2013.09, 1 NTD = 0.0340 USD)
Unit: NTD/000
|
|
2012 |
2011 |
|
Cash Flows from Operating Activities - Indirect Method |
|
|
|
Net Income (Loss) |
16,109,542.00 |
10,991,031.00 |
|
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in)
Operating Activities |
|
|
|
Depreciation Expense |
457,678.00 |
406,242.00 |
|
Amortization Expense |
308,674.00 |
255,975.00 |
|
Provision (Reversal of Provision) for Bad Debts Losses |
46,023.00 |
-3,530.00 |
|
Loss (Gain) on Decline (Recovery) in Market Value, Scrap and Obsolescence
of Inventories |
75,720.00 |
33,145.00 |
|
Investment Loss (Income) Recognized under Equity Method |
-13,411,118.00 |
-9,214,651.00 |
|
Cash Dividends Received from Investments Accounted for under Equity
Method |
12,093,418.00 |
8,322,573.00 |
|
Loss (Gain) on Disposal of Property, Plant and Equipment |
-7,547.00 |
-4,923.00 |
|
Loss (Gain) on Disposal of Investments |
-1,380,059.00 |
-180,517.00 |
|
Unrealized Gain (Loss) on Intercompany Transactions |
0.00 |
578.00 |
|
Realized Loss (Gain) on Intercompany Transactions |
-578.00 |
-82.00 |
|
Other Adjustments to Reconcile Net Income |
0.00 |
0.00 |
|
Changes in Operating Assets and Liabilities |
|
|
|
Decrease (Increase) in Notes Receivable |
32,275.00 |
-40,536.00 |
|
Decrease (Increase) in Accounts Receivable |
-803,587.00 |
932,789.00 |
|
Decrease (Increase) in Accounts Receivable - Related Parties |
-630,829.00 |
-263,694.00 |
|
Decrease (Increase) in Other Receivables |
-24,271.00 |
-17,029.00 |
|
Decrease (Increase) in Other Receivable- Related Parties |
-61,264.00 |
179,669.00 |
|
Decrease (Increase) in Inventories |
104,982.00 |
-306,026.00 |
|
Decrease (Increase) in Other Current Assets |
396,321.00 |
-187,376.00 |
|
Decrease (Increase) in Deferred Tax Assets |
71,363.00 |
8,864.00 |
|
Decrease (Increase) in Other Operating Assets |
18,036.00 |
-12,038.00 |
|
Increase (Decrease) in Accounts Payable |
-199,059.00 |
-233,345.00 |
|
Increase (Decrease) in Accounts Payable - Related Parties |
492,096.00 |
467,621.00 |
|
Increase (Decrease) in Income Tax Payable |
59,941.00 |
-125,500.00 |
|
Increase (Decrease) in Accrued Expenses |
289,652.00 |
-339,455.00 |
|
Increase (Decrease) in Other Payables |
-13,494.00 |
-132,662.00 |
|
Increase (Decrease) in Other Payable - Related Parties |
-186,220.00 |
33,029.00 |
|
Increase (Decrease) in Receipts in Advance |
9,170.00 |
-75,515.00 |
|
Increase (Decrease) in Other Current Liabilities |
-555,403.00 |
561,262.00 |
|
Increase (Decrease) in Deferred Tax Liabilities |
-298,396.00 |
-461,068.00 |
|
Increase (Decrease) in Accrued Pension Liabilities |
116,766.00 |
123,537.00 |
|
Net Cash Provided by (Used in) Operating Activities |
13,109,832.00 |
10,718,368.00 |
|
Cash Flows from Investing Activities |
|
|
|
Proceeds from Disposal of Available-for-sale Financial Assets |
536,761.00 |
290,437.00 |
|
Acquisition of Financial Assets Carried at Cost |
0.00 |
-2,710,152.00 |
|
Proceeds from Disposal of Financial Assets Carried at Cost |
0.00 |
105,886.00 |
|
Capital Reduction of Financial Assets Carried at Cost |
6,059.00 |
750.00 |
|
Acquisition of Investments Accounted for by Equity Method |
-790,402.00 |
-808,315.00 |
|
Proceeds from Disposal of Investments Accounted for by Equity Method |
27,132.00 |
176.00 |
|
Proceeds from Capital Reduction of Investments Accounted for under Equity
Method |
190,000.00 |
0.00 |
|
Purchase of Property, Plant and Equipment |
-2,592,916.00 |
-2,112,169.00 |
|
Proceeds from Disposal of Property, Plant and Equipment |
29,870.00 |
23,140.00 |
|
Decrease (Increase) in Refundable Deposits |
3,736.00 |
-1,647.00 |
|
Increase in Deferred Charges |
-431,538.00 |
-298,536.00 |
|
Decrease (Increase) in Restricted Assets |
4,314.00 |
-220.00 |
|
Purchase of Intangible Assets |
-413,164.00 |
0.00 |
|
Net Cash Inflows from Business Combination |
0.00 |
67,433.00 |
|
Other Investing Activities |
115,138.00 |
-9,009.00 |
|
Net Cash Provided by (Used in) Investing Activities |
-3,315,010.00 |
-5,452,226.00 |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
0.00 |
-115,000.00 |
|
Proceeds from Long-term Debt |
-5,957,000.00 |
14,053,000.00 |
|
Increase (Decrease) in Guarantee Deposits Received |
670.00 |
0.00 |
|
Cash Dividends Paid |
-8,417,324.00 |
-12,480,034.00 |
|
Exercise of Employee Stock Options |
1,187,011.00 |
597,032.00 |
|
Net Cash Provided by (Used in) Financing Activities |
-13,186,643.00 |
2,054,998.00 |
|
Net Increase (Decrease) in Cash and Cash Equivalents |
-3,391,821.00 |
7,321,140.00 |
|
Cash and Cash Equivalents, Beginning of year |
8,437,582.00 |
1,116,442.00 |
|
Cash and Cash Equivalents, End of year |
5,045,761.00 |
8,437,582.00 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid |
135,371.00 |
55,087.00 |
|
Interest Paid- Excluding Capitalized Interest |
135,371.00 |
55,087.00 |
|
Income Tax Paid |
1,139,669.00 |
1,162,627.00 |
|
Other Supplemental Information |
|
|
|
Cash and cash equivalents |
101,788.00 |
67,433.00 |
|
Other current assets |
2,918.00 |
113,731.00 |
|
Funds and investments |
0.00 |
170,782.00 |
|
Property, plant, and equipment |
1,324,614.00 |
850.00 |
|
Goodwill |
13,793.00 |
0.00 |
|
Other assets |
1,275,575.00 |
350.00 |
|
Other current liabilities |
-2,916.00 |
-114,624.00 |
|
Other liabilities |
-4,800.00 |
0.00 |
|
Minority interest |
-820.00 |
0.00 |
|
Subtotal |
2,710,152.00 |
238,522.00 |
|
Investment cost before merger |
-2,710,152.00 |
-220,647.00 |
|
Cash paid in total |
0.00 |
17,875.00 |
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
Up to date of reporting, no existing or latent
litigation of the subject has been found.
|
Name |
Ms. Huang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.66 |
|
|
1 |
Rs.100.46 |
|
Euro |
1 |
Rs.84.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.