|
Report Date : |
21.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
Shuttle Inc. |
|
|
|
|
Registered Office : |
5F, No.30, Lane 76, Rei Kuang Rd., Nei Hu Dist., Taipei |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
10.06.1983 |
|
|
|
|
Com. Reg. No.: |
20980880 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of computer and
related equipments |
|
|
|
|
No. of Employees : |
About 450 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 : |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. Taiwan's
diplomatic isolation, low birth rate, and rapidly aging population are other
major long-term challenges. Free trade agreements have proliferated in East
Asia over the past several years, and following the landmark Economic
Cooperation Framework Agreement (ECFA) signed with China in June 2010, Taiwan
in July 2013 signed a free trade deal with New Zealand—Taipei’s first-ever with
a country with which it does not maintain diplomatic relations—and in November
inked a trade pact with Singapore. Negotiations continue on follow-on components
of ECFA regarding trade in goods and a dispute resolution mechanism; a trade in
services agreement is under review in the legislature. 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 overall trade surplus largely because of its surplus with
China, and its foreign reserves are the world's sixth largest, behind China,
Japan, Saudi Arabia, Russia, and Switzerland. 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. Taiwan since
2009 has gradually loosened rules governing Chinese investment on the island,
and has also secured greater market access for its investors in the mainland.
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.30, Lane 76,
Rei Kuang Rd., Nei Hu Dist., Taipei, Taiwan, R.O.C. |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-8792-6168 |
|
Fax Number: |
|
|
E-mail: |
Notes: The exact name and
address are as above.
Subject was incorporated
on 1983-6-10 with registered number 20980880
as Joint Stock Company in
Taiwan.
Subject listed on Taiwan stock exchange on 2000-3-17
|
Name |
Subscription Shares |
|
Honghui Yu |
18,052,015 |
|
Lina Yu |
|
|
8,580,322 |
|
|
Qingfeng Pan |
120,000 |
|
Tong Xin Investment Co., Ltd (Liberal Translation) |
2,147,613 |
|
Hongyang Yu |
1,877,311 |
The information above is that of subject’s major shareholders.
Shareholder Information:
|
Registered Name: |
Tong Xin Investment Co., Ltd (Liberal Translation) |
|
Registered Address: |
7F.-1, No.12, Lane 11, Minzu Rd., Beitou
Dist., Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
2004-7-12 |
|
Registration Number: |
27339835 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 57,000,000 (USD 1,886,700) (As of 2014.4, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 57,000,000 (USD 1,886,700) |
|
Legal Representatives: |
Weixun Zheng |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-12-26 |
Factory
|
Name: |
Neihu Plant |
|
Address: |
5F, No.30, Lane 76, Rei Kuang Rd., Nei Hu
Dist., Taipei, Taiwan, R.O.C. |
|
Date of Foundation: |
2001-1-12 |
|
Date of Registration: |
2001-2-16 |
|
Factory Registration Number: |
63021574 |
|
Factory Manager: |
Honghui Yu |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2001-2-16 |
|
Major Products: |
271 Computer and relating equipment |
Branches
|
1 |
|
|
Name |
Shuttle Computer Group INC. |
|
Address |
17068 Evergreen Place City of Industry, CA 91745 |
|
Telephone Number |
+1-626-820-9000 |
|
Fax Number |
+1-626-820-5060 |
|
2 |
|
|
Name |
Shuttle Computer Handels GES. M.B.H. |
|
Address |
Fritz-Strassmann Str. 5 D-25337 Elmshorn, Germany |
|
Telephone Number |
+49-4121-476860 |
|
Fax Number |
+49-4121-476900 |
|
3 |
|
|
Name |
Japan Shuttle Co., Ltd |
|
Address |
7F, Aioi Nissay Dowa Sonpo Koto Bldg, 2-8-11 Sumiyosi Koto-ku Tokyo Japan |
|
Telephone Number |
+81-03-5625-1670 |
|
Fax Number |
+81-03-5625-1673 |
|
4 |
|
|
Name |
ShenZhen Shuttle Co., Ltd |
|
Address |
9/F, Benyuan Building, No 6015 Shennan Road, Shenzhen 518040, China |
|
Telephone Number |
+86-0755-33369280 |
|
Fax Number |
+86-0755-33369296 |
Core Management
Directors
|
1 |
|
|
Name |
Honghui Yu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Lina Yu |
|
Position |
Director |
|
3 |
|
|
Name |
Qingfeng Pan |
|
Position |
Director |
|
Date of Appointment |
2012-12-25 |
|
4 |
|
|
Name |
Shengming Lin |
|
Position |
Director |
|
5 |
|
|
Name |
Fenfang Li |
|
Position |
Director |
|
6 |
|
|
Name |
Hongyang Yu |
|
Position |
Supervisor |
Personnel Structure
|
Total Employees |
About 450 Employees (Taiwan) |
Offices & Factories
|
|
Headquarters |
|
Add |
No.30, Lane 76, Rei Kuang Rd., Nei Hu Dist., Taipei, Taiwan, R.O.C. |
Production Information
·
Subject is a manufacturer of computer and related equipments
·
It is introduced that
subject has a factory in Taiwan for production.
·
It is introduced that subject
has a contract factory in the mainland of China offering OEM services for
subject.
·
It is introduced that
subject has obtained ISO 14001 certification.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
CC01080 |
Manufacturing of electronic components. |
|
CC01110 |
Manufacturing industry of computer and related equipment. |
|
CE01010 |
Manufacturing of general instrument. |
|
CE01990 |
Manufacturing of other optical and precision machinery. |
|
F401010 |
International trading business. |
|
CC01060 |
Manufacturing of wired communication equipment. |
|
CC01070 |
Manufacturing of wireless communication equipment. |
|
E701040 |
Installing of simple telecommunication equipment. |
|
E701030 |
Construction engineering of radio-frequency devices under
telecommunications regulation. |
|
F113070 |
Wholesales of telecommunication equipment and materials. |
|
F213060 |
Retails of telecommunication equipment and materials. |
|
F401021 |
Importing radio-frequency devices under telecommunications regulation. |
|
CC01101 |
Manufacturing of radio-frequency devices under telecommunications
regulation. |
|
I301010 |
Service of information software. |
|
I199990 |
Other counselor services. |
|
I301020 |
Services for handling with files.. |
|
I301030 |
Services of electronic information supplying. |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
The components and raw material for production are purchased both at
home and abroad,
·
The subject is mainly engaged in sales of computer and related equipments
·
It is introduced that
subject’s selling territory Asia, Europe, America, Australia
·
It is introduced that
subject’s major customers are wholesalers and distributors of computers, Table
PC
·
It is introduced that subject has corporate with
many famous software companies such as “Intel”, “AMD”, “NVIDIA”, “ATI”, “VIA”,
“SiS”
Major Products
|
|
Product |
|
1 |
XPC (Cube) |
|
2 |
Slim PC |
|
3 |
All in one |
|
4 |
OMNINAS (NAS) |
|
5 |
Biometric Solution |
|
6 |
Accessories |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase (Taiwan and Mainland,
China)
|
Payment Terms |
Proportion |
|
|
Raw materials,
components |
COD, CBD |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials,
components |
CBD |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Computer and related equipments |
COD, CBD |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Computer and related equipments |
CBD |
100% |
Unit:
NTD/000
|
Date |
2012-12-31 |
2011-12-31 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and
cash equivalents |
771,908.00 |
958,527.00 |
|
Financial assets
measured at fair value through profit or loss - current |
0.00 |
5,874.00 |
|
Available-for-sale
financial assets - current |
121,254.00 |
172,970.00 |
|
Notes
receivable - net |
0.00 |
100.00 |
|
Accounts
receivable - net |
39,310.00 |
39,307.00 |
|
Accounts
receivable - related parties - net |
189,435.00 |
253,983.00 |
|
Other
financial assets - current |
8,913.00 |
23,160.00 |
|
Inventories |
177,970.00 |
192,000.00 |
|
Other current
assets |
140,001.00 |
85,832.00 |
|
Current
assets |
1,448,791.00 |
1,731,753.00 |
|
Funds and Investments |
|
|
|
Available-for-sale
financial assets - non current |
6,153.00 |
7,685.00 |
|
Financial assets
carried at cost - non current |
57,652.00 |
60,352.00 |
|
Equity
investments under equity method |
2,235,335.00 |
1,307,611.00 |
|
Investments |
2,235,335.00 |
1,307,611.00 |
|
Funds
and long-term investments |
2,299,140.00 |
1,375,648.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Land |
273,000.00 |
442,685.00 |
|
Buildings
and structures |
228,819.00 |
453,827.00 |
|
Machinery
and equipment |
47,831.00 |
76,980.00 |
|
Transportation
equipment |
27,495.00 |
21,186.00 |
|
Office
equipment |
27,393.00 |
22,108.00 |
|
Other
facilities |
16,320.00 |
15,668.00 |
|
Revaluation
increment |
0.00 |
0.00 |
|
Cost and revaluation
increment |
620,858.00 |
1,032,454.00 |
|
Accumulated
depreciation |
-126,403.00 |
-202,216.00 |
|
Accumulated
impairment - fixed assets |
-6,993.00 |
-7,651.00 |
|
Construction
in process and prepayment for equipments |
0.00 |
123.00 |
|
Fixed
assets |
487,462.00 |
822,710.00 |
|
Intangible Assets |
|
|
|
Deferred
pension cost |
30.00 |
1,191.00 |
|
Intangible
assets |
30.00 |
1,191.00 |
|
OtherAssets |
|
|
|
Rental
assets |
81,607.00 |
81,953.00 |
|
Guarantee
deposits paid |
11,353.00 |
34,126.00 |
|
Deferred
charges |
14,565.00 |
21,182.00 |
|
Deferred
income tax assets - non current |
4,921.00 |
59,942.00 |
|
Other
assets |
112,446.00 |
197,203.00 |
|
Assets |
4,347,869.00 |
4,128,505.00 |
|
Liabilities and
Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Short-term
borrowings |
0.00 |
0.00 |
|
Financial
liabilities measured at fair value through profit or loss - current |
574.00 |
0.00 |
|
Notes
payable |
0.00 |
0.00 |
|
Accounts
payable |
175,896.00 |
128,206.00 |
|
Accounts
payable - related parties |
7,745.00 |
18,469.00 |
|
Accrued
expenses |
285,539.00 |
294,309.00 |
|
Other
financial liabilities - current |
47,347.00 |
44,440.00 |
|
Other
current liabilities |
4,886.00 |
11,200.00 |
|
Current
liabilities |
521,987.00 |
496,624.00 |
|
Long term Liabilities |
|
|
|
Reserves |
|
|
|
Other Liabilities |
|
|
|
Pension
reserve / accrued pension liability |
567.00 |
12,373.00 |
|
Guarantee
deposits received |
100.00 |
0.00 |
|
Other
liabilities - other |
579.00 |
647.00 |
|
Other
liabilities |
1,246.00 |
13,020.00 |
|
Liabilities |
523,233.00 |
509,644.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common
stock |
3,401,313.00 |
3,521,583.00 |
|
Capital Surplus |
|
|
|
Capital
surplus - additional paid-in capital |
201,765.00 |
208,899.00 |
|
Capital surplus
- treasury stock transactions |
104,984.00 |
87,195.00 |
|
Capital
surplus - long-term equity investments |
2,325.00 |
0.00 |
|
Capital
surplus |
309,074.00 |
296,094.00 |
|
Retained Earnings |
|
|
|
Legal reserve |
1,126.00 |
0.00 |
|
Special
reserve |
10,136.00 |
0.00 |
|
Unappropriated
retained earnings |
318,261.00 |
11,262.00 |
|
Retained
earnings |
329,523.00 |
11,262.00 |
|
Stockholders' Equity
and Other adjustmen |
|
|
|
Cumulative
translation adjustments |
-66,865.00 |
-10,319.00 |
|
Net loss
not recognized as pension cost |
0.00 |
-860.00 |
|
Unrealized
gains (losses) on financial instruments |
-148,409.00 |
-89,284.00 |
|
Treasure
stock |
0.00 |
-109,615.00 |
|
Equity
adjustments |
-215,274.00 |
-210,078.00 |
|
Stockholders‘
equity |
3,824,636.00 (USD 126,595,451.60) |
3,618,861.00 (USD 119,784,299.10) |
|
Number of treasury
stock acquired by the company and subsidiaries (unit: share) |
0.00 |
12,027,000.00 |
|
|
0.00 |
0.00 |
(As of 2014.4, 1 NTD = 0.0331 USD)
Unit: NTD/000
|
Date |
2012 |
2011 |
|
Sales |
1,332,873.00 (USD 44,118,096.30) |
1,941,686.00 (USD 64,269,806.60) |
|
Sales
returns |
11,575.00 |
44,903.00 |
|
Sales
discounts and allowances |
970.00 |
21,533.00 |
|
Sales |
1,320,328.00 |
1,875,250.00 |
|
Technical
service revenue |
669,176.00 |
396,047.00 |
|
Processing
fees revenue |
0.00 |
0.00 |
|
Service
revenue |
669,176.00 |
396,047.00 |
|
Operating
income |
1,989,504.00 |
2,271,297.00 |
|
Cost of
sales |
1,142,153.00 |
1,625,253.00 |
|
Processing
costs |
0.00 |
0.00 |
|
Cost of
services |
0.00 |
0.00 |
|
Operating
costs |
1,142,153.00 |
1,625,253.00 |
|
Gross profit
(loss) from operations |
847,351.00 |
646,044.00 |
|
Unrealized
gains on intercompany transactions |
5,086.00 |
0.00 |
|
Realized
gains on intercompany transactions |
0.00 |
38,416.00 |
|
Selling
expense |
172,070.00 |
137,389.00 |
|
General
and administrative expenses |
169,780.00 |
162,273.00 |
|
Research
and development expenses |
365,689.00 |
375,158.00 |
|
Operating
expenses |
707,539.00 |
674,820.00 |
|
Operating
income (loss) |
134,726.00 |
9,640.00 |
|
Non-Operating Income |
|
|
|
Interest
income |
4,390.00 |
2,537.00 |
|
Inome from
long-term equity investments under the equity method |
193,938.00 |
0.00 |
|
Dividends |
12,427.00 |
10,285.00 |
|
Investment
income |
206,365.00 |
10,285.00 |
|
Gains on
disposal of fixed assets |
1,098.00 |
10,232.00 |
|
Gains on
sale of investments |
18,898.00 |
0.00 |
|
Foreign
exchange gains |
0.00 |
10,762.00 |
|
Rent
income |
1,750.00 |
1,260.00 |
|
Revaluation
gain on financial assets |
0.00 |
5,874.00 |
|
Miscellaneous
income |
40,244.00 |
38,363.00 |
|
Non-operating
revenues and gains |
272,745.00 |
79,313.00 |
|
Non-Operating Expenses |
|
|
|
Interest
expense |
7.00 |
1,767.00 |
|
Losses
from long-term equity investments under the equity method |
0.00 |
11,660.00 |
|
Investment
loss |
0.00 |
11,660.00 |
|
Loss on disposal
of fixed assets |
15,217.00 |
28.00 |
|
Loss on
sale of investments |
0.00 |
21,900.00 |
|
Foreign
exchange losses |
8,177.00 |
0.00 |
|
Impairment
loss on assets |
0.00 |
4,702.00 |
|
Revaluation
loss on financial liabilities |
574.00 |
0.00 |
|
Miscellaneous
disbursements |
46,619.00 |
26,560.00 |
|
Non-operating
expenses and losses |
70,594.00 |
66,617.00 |
|
Income
from continuing operations before income tax |
336,877.00 |
22,336.00 |
|
Income tax
expense (benefit) |
18,616.00 |
11,074.00 |
|
Income
from continuing operations |
318,261.00 |
11,262.00 |
|
Net income
(loss) |
318,261.00 |
11,262.00 |
|
Primary Earnings per
Share |
|
|
|
Primary
earnings per share |
0.94 |
0.03 |
|
Diluted earnings per
share |
|
|
|
Diluted
earnings per share |
0.93 |
0.03 |
|
Date |
2012 |
2011 |
|
Cash Flows from Operating Activities - Indirect Method |
|
|
|
Net Income (Loss) |
318,261.00 |
11,262.00 |
|
Adjustments to Reconcile Net Income to
Net Cash Provided by (Used in) Operating Activities |
|
|
|
Depreciation
Expense |
19,446.00 |
23,288.00 |
|
Amortization
Expense |
91,796.00 |
121,097.00 |
|
Provision
(Reversal of Provision) for Bad Debts Losses |
-9,058.00 |
-34,557.00 |
|
Difference
Between Net Pension Cost and Plan Contribution |
-9,785.00 |
-3,678.00 |
|
Loss (Gain) on
Decline (Recovery) in Market Value, Scrap and Obsolescence of Inventories |
18,809.00 |
27,034.00 |
|
Investment Loss
(Income) Recognized under Equity Method |
-193,938.00 |
11,660.00 |
|
Loss (Gain) on
Disposal of Property, Plan and Equipment |
14,119.00 |
-10,204.00 |
|
Loss (Gain) on
Disposal of Investments |
-18,898.00 |
21,900.00 |
|
Unrealized
Revaluation Loss (Gain) on Financial Assets and Liabilities |
574.00 |
-5,874.00 |
|
Impairment
Losses on Financial Asset |
0.00 |
4,702.00 |
|
Impairment Loss
on Non-Financial Assets |
0.00 |
0.00 |
|
Unrealized Gain
(Loss) on Intercompany Transactions |
5,086.00 |
0.00 |
|
Realized Loss
(Gain) on Intercompany Transactions |
0.00 |
-38,416.00 |
|
Loss (Gain) on
Deferred Income Tax |
18,616.00 |
11,011.00 |
|
Other
Adjustments to Reconcile Net Income |
0.00 |
0.00 |
|
Changes in Operating Assets and
Liabilities |
|
|
|
Decrease
(Increase) in Financial Assets Held for Trading |
5,874.00 |
29,782.00 |
|
Decrease
(Increase) in Notes Receivable |
100.00 |
-100.00 |
|
Decrease
(Increase) in Accounts Receivable |
9,055.00 |
112,006.00 |
|
Decrease
(Increase) in Accounts Receivable - Related Parties |
47,458.00 |
1,234,841.00 |
|
Decrease
(Increase) in Inventories |
-4,779.00 |
158,688.00 |
|
Decrease
(Increase) in Other Current Assets |
16,786.00 |
-125,653.00 |
|
Decrease
(Increase) in Other Financial Assets |
14,247.00 |
-15,091.00 |
|
Increase
(Decrease) in Financial Liabilities Held for Trading |
0.00 |
0.00 |
|
Increase
(Decrease) in Notes Payable |
0.00 |
-198.00 |
|
Increase
(Decrease) in Accounts Payable |
47,690.00 |
-743,908.00 |
|
Increase
(Decrease) in Accounts Payable - Related Parties |
-10,724.00 |
-5,228.00 |
|
Increase
(Decrease) in Income Tax Payable |
0.00 |
0.00 |
|
Increase
(Decrease) in Accrued Expenses |
-8,770.00 |
-26,800.00 |
|
Increase
(Decrease) in Other Financial Liabilities |
-1,491.00 |
1,703.00 |
|
Increase
(Decrease) in Other Current Liabilities |
-6,314.00 |
8,067.00 |
|
Net Cash Provided by (Used in) Operating Activities |
364,160.00 |
767,334.00 |
|
Cash Flows from Investing Activities |
|
|
|
Acquisition of Available-for-sale
Financial Assets |
-45,595.00 |
-157,223.00 |
|
Proceeds from Disposal of
Available-for-sale Financial Assets |
85,586.00 |
47,315.00 |
|
Acquisition of Financial Assets Carried
at Cost |
0.00 |
0.00 |
|
Acquisition of Investments Accounted for
by Equity Method |
-814,977.00 |
-744,183.00 |
|
Proceeds from Capital Reduction of
Investments Accounted for under Equity Method |
2,700.00 |
161,540.00 |
|
Purchase of Property, Plant and Equipment |
-15,989.00 |
-9,531.00 |
|
Proceeds from Disposal of Property, Plant
and Equipment |
317,262.00 |
40,964.00 |
|
Decrease (Increase) in Refundable
Deposits |
-11,777.00 |
-34,101.00 |
|
Increase in Deferred Charges |
-85,179.00 |
-27,660.00 |
|
Decrease (Increase) in Other Receivables
- Related Parties |
17,090.00 |
-17,090.00 |
|
Other Investing Activities |
0.00 |
0.00 |
|
Net Cash Provided by (Used in) Investing
Activities |
-550,879.00 |
-739,969.00 |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
0.00 |
-514,294.00 |
|
Increase (Decrease) in Guarantee Deposits
Received |
100.00 |
-300.00 |
|
Proceeds from Issuance of Shares |
0.00 |
0.00 |
|
Purchase of Treasury Stock |
0.00 |
-109,615.00 |
|
Net Cash Provided by (Used in) Financing
Activities |
100.00 |
-624,209.00 |
|
Effect of Exchange Rate Changes |
0.00 |
0.00 |
|
Net Increase (Decrease) in Cash and Cash Equivalents |
-186,619.00 |
-596,844.00 |
|
Cash and Cash Equivalents, Beginning of year |
958,527.00 |
1,555,371.00 |
|
Cash and Cash Equivalents, End of year |
771,908.00 |
958,527.00 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid |
7.00 |
1,425.00 |
|
Interest Paid- Excluding Capitalized
Interest |
7.00 |
1,425.00 |
|
Income Tax Paid |
443.00 |
239.00 |
|
Investing Activities Affecting Both Cash and Non-cash Items |
|
|
|
Cash Paid for Acquisition of Property,
Plant and Equipment |
|
|
|
Increase in
Property, Plant and Equipment |
15,301.00 |
10,219.00 |
|
Increase
(Decrease) in Payable for Equipment Purchased |
688.00 |
-688.00 |
|
Cash Paid for
Acquisition of Property, Plant and Equipment |
15,989.00 |
9,531.00 |
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: |
2003, Beijiansheng, 144 |
|
Date of Trial: |
920528 |
|
Reason: |
Confirming the amount of litigation costs |
|
2 |
|
|
Trial Number: |
2002, Beijian, 14682 |
|
Date of Trial: |
920227 |
|
Reason: |
Payment for fares |
|
Name |
Salesman |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.38 |
|
|
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NNA |
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.