|
Report Date : |
09.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
HON HAI PRECISION INDUSTRY CO., LTD. |
|
|
|
|
Registered Office : |
No.66, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
20.02.1974 |
|
|
|
|
Com. Reg. No.: |
04541302 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sale of electronic products |
|
|
|
|
No of Employees : |
About 6,300 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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.2, Zihyou
St., Tucheng Dist., New Taipei City 236, Taiwan |
|
Supplied Address: |
5003115 No.2,
Zihyou St., Tucheng Dist., New Taipei City 236, Taiwan |
|
Telephone Number: |
+886-2-2268-3466 |
|
Fax Number: |
Note: The exact address is as above.
|
Credit Opinion: |
|
|
Risk Analysis: |
Very good creditworthiness |
Subject was incorporated on 1974-2-20 with registered number 04541302 as Joint Stock Company in Taiwan.
The subject listed on Taiwan Stock Exchange on 1991-6-18.
Factories in Taiwan
|
1 |
|
|
Address: |
No.66, Chung Shan Rd., Tucheng
Dist., New Taipei City 236, Taiwan (R.O.C.) |
|
Factory Registration Number: |
99690050 |
|
Factory Manager: |
Taiming Guo |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2003-4-11 |
|
Major Products: |
262
electronic passive component 269
other electronic component 271
computer and peripheral equipment 272
communication equipment 289
other power equipment 292 other special machinery |
|
2 |
|
|
Name: |
Hsinchu Science Park the 1st Factory |
|
Address: |
4/F-1,2, 5F-1,3, 6/F-1,2, Hsin-An Road, Hsinchu
Science-Based Industrial Park Hsinchu, Taiwan, R.O.C. |
|
Date of Registration: |
2004-4-22 |
|
Factory Registration Number: |
95A00640 |
|
Factory Manager: |
Yiwei Liang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2012-6-15 |
|
Major Products: |
269
other electronic component 271
computer and peripheral equipment 272
communication equipment 273
audio and video electronic product 275
measuration, navigation, control equipment and clock 289 other power equipment |
|
3 |
|
|
Name: |
Hsinchu Science Park the 2nd Factory |
|
Address: |
5th Floor, No.9, Lixing 5th Road,
East District, Hsinchu Science-Based Industrial Park Hsinchu, Taiwan, R.O.C. |
|
Date of Registration: |
2004-4-22 |
|
Factory Registration Number: |
95B00640 |
|
Factory Manager: |
Guanglu Li |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2009-5-11 |
|
Major Products: |
277 optical instrument and equipment |
|
4 |
|
|
Name: |
Minsheng Factory |
|
Address: |
No.4-1, Minsheng Street, Tucheng District, New Taipei
City, Taiwan |
|
Date of Foundation: |
2001-2-8 |
|
Date of Registration: |
2001-3-2 |
|
Factory Registration Number: |
99601096 |
|
Factory Manager: |
Taiming Guo |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2007-6-4 |
|
Major Products: |
271
computer and peripheral equipment 272
communication equipment 275
measuration, navigation, control equipment and clock 269
other electronic component 264 optical instrument and equipment |
|
7 |
|
|
Name: |
The 3rd Factory |
|
Address: |
No.2, Ziyou Street, Tucheng Street, New Taipei City,
Taiwan |
|
Date of Foundation: |
1987-2-11 |
|
Date of Registration: |
1988-5-27 |
|
Factory Registration Number: |
99689866 |
|
Factory Manager: |
Taiming Guo |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2003-12-4 |
|
Major Products: |
254
metal processing 259
other metal product 293
general equipment 251
metal hand tool and mold 292
other special machinery 271
computer and peripheral equipment 272
communication equipment 275
measuration, navigation, control equipment and clock 269
other electronic component 273
audio and video electronic product 289
other power equipment 274
data storage medium 261
semiconductor 262
electronic passive component 263
printed circuit board 264
photoelectric material 281
power equipment, transmission equipment and distribution equipment 283 electric wire and wiring accessories |
Note: It is introduced that subject also has factories in Mainland China, India and Vietnam, but the detail information we cannot obtain from any sources.
Branches
|
1 |
|
|
Name |
Neihu Branch |
|
Address |
2~11th Floor, No. 32, Jihu Road, Neihu District, Taipei City,
Taiwan |
|
Registration Number |
27948078 |
|
Date of Registration |
2006-11-8 |
|
Status |
Live Company |
|
Manager Name |
Bingzheng Xiong |
|
Date of Last Annual Return |
2009-9-10 |
|
2 |
|
|
Hsinchu Science
Park Branch Office |
|
|
Address |
5F-1, 5, Hsin-An
Road, Hsinchu Science-Based Industrial Park Hsinchu, Taiwan, R.O.C. |
|
Registration Number |
12800533 |
|
Date of Registration |
2004-4-1 |
|
Status |
Live Company |
|
Manager Name |
Zhiping Ling |
|
Date of Last Annual Return |
2009-3-20 |
|
3 |
|
|
Name |
USA Branch |
|
Address |
468E, Lambert Rd., Fullerton, CA 92835 |
|
Telephone Number |
+1-714-680-2066 |
Major Shareholders
|
Name |
Subscription Shares |
|
Taiming Guo |
1,621,338,489 |
|
Hong Qiao International Investment Co.,
Ltd (Literal Translation) |
20,523,686 |
|
Hong Jing International Investment Co.,
Ltd (Literal Translation) |
1,433,093 |
|
Yibin Jian |
1,433,056 |
|
Furui International Investment Co., Ltd
(Literal Translation) |
62,190,037 |
Shareholder
Information:
|
1 |
|
|
Registered Name: |
Furui International Investment Co., Ltd (Literal Translation) |
|
Registered Address: |
15th Floor, No.207-3, Sec 3, Beixin Road, Xindian District, New Taipei
City, Taiwan |
|
Date of Foundation: |
1994-11-30 |
|
Registration Number: |
89922730 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 609,000,000
(USD 20,279,700) (As of 2014.08, 1 NTD = 0.0333 USD) |
|
Paid-up Capital: |
NTD 609,000,000 (USD 20,279,700) |
|
Legal Representatives: |
Yibin Jian |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2012-5-18 |
|
2 |
|
|
Registered Name: |
Hong Jing International Investment Co., Ltd (Literal Translation) |
|
Registered Address: |
15th Floor, No.207-3, Sec 3, Beixin Road, Xindian District, New Taipei
City, Taiwan |
|
Date of Foundation: |
1998-3-24 |
|
Registration Number: |
16410233 |
|
Registry: |
New Taipei City Government |
|
Registered Capital: |
NTD 20,000,000
(USD 666,000) (As of 2014.08, 1 NTD = 0.0333 USD) |
|
Paid-up Capital: |
NTD 20,000,000 (USD 666,000) |
|
Legal Representatives: |
Qiulian Huang |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2013-11-19 |
Core Management
Directors
|
1 |
||
|
Name |
Taiming Guo |
|
|
Position |
Chairman of the Board |
|
|
2 |
||
|
Name |
Zhengwu Dai |
|
|
Position |
Director |
|
|
3 |
||
|
Name |
Fangming Lv |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Yibin Jian |
|
|
Position |
Director |
|
|
5 |
||
|
Name |
Qingyuan Huang |
|
|
Position |
Director |
|
|
6 |
||
|
Name |
Yuqi Wu |
|
|
Position |
Independent Director |
|
|
7 |
||
|
Name |
Chengyu Liu |
|
|
Position |
Independent Director |
|
|
8 |
||
|
Name |
Ruixia Wan |
|
|
Position |
Supervisor |
|
|
9 |
||
|
Name |
Minzhi Zhuo |
|
|
Position |
Supervisor |
|
|
10 |
||
|
Name |
Taiming Guo |
|
|
Position |
Manager |
|
|
Date of Appointment |
1996-2-16 |
|
Personnel
Structure
|
Total Employees |
About 6,300 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
No.2, Zihyou St., Tucheng Dist., New Taipei
City 236, Taiwan |
Production
Information
l
Subject is engaged in manufacturing of electronic
products, etc.
l
Subject has factories in Taiwan for production.
l
It is introduced that subject has factories in
Mainland China, India and Vietnam for production.
l
Subject can also provide OEM and ODM services.
Purchase
Information
l
The
registered activities of subject:
|
Business Code |
Details |
|
-- |
Development, designing, manufacturing and
sales of connector, cable component, monoblock and foundation bed of computer
system equipment and other related products. |
|
-- |
Development, designing, manufacturing and
sales of connector, cable component and components of computer information
system, telecommunication, optical fiber and optronics. |
|
-- |
Development, designing, manufacturing and
sales of consumer electronics and components of automobile and aerospace
industry. |
|
-- |
Designing, manufacturing and sales of
precision mold, mold components and die making equipment. |
|
-- |
Manufacturing and sales of metal parts and
plastic parts. |
|
-- |
Manufacturing and sales of metal
finishing, metal processing and its related equipment. |
|
-- |
Sales of related processing for machinery
and hardware devices. |
|
-- |
Designing, development, manufacturing and
sales of automatic machine and peripheral equipment. |
|
-- |
Agent, designing, development,
manufacturing, sales and after-sale service of computer network use and
industrial use computer software. |
|
-- |
Measuration and inspection services of
mechanical, electronic parts and molds. |
|
-- |
Development, designing, manufacturing and
sales of testing equipment. |
|
-- |
Importing and exporting trading business
of related plastic materials and basic metal materials. |
|
-- |
Development, designing, manufacturing and
sales of construction materials. |
|
-- |
Engaged in the delivery center in bonded
warehouse. |
|
-- |
Development, designing, manufacturing and
sales of air pollution control, noise and vibration control, water pollution
control, waste management, environmental inspection and environmental
monitoring. |
|
-- |
Renting and sales of construction of
industrial buildings, commissioned to build plant, public housing and
commercial building. |
|
-- |
Agent and sales of related building and
construction machinery. |
|
-- |
Designing and construction of related
lighting system and communication networks. |
|
-- |
Designing and construction of safety and
health system and interior trim. |
|
-- |
Relating to the management, sales agent,
real estate lease, and contract and agency business. |
|
-- |
Development, designing, manufacturing,
assembling, processing, testing and sales of integrated circuits and a base. |
|
-- |
Development, designing, manufacturing and
sales of CD machine and its components. |
|
-- |
Development, designing, manufacturing and
sales of CD machine. |
|
-- |
Manufacturing, processing and sales of
gold potassium hydride. |
|
-- |
Researching, development, blending,
mulling, processing, appliance, technology transferring and sales of related
construction materials. |
|
-- |
Importing and exporting business of
related products. |
|
CC01020 |
Manufacture of Wire and cable |
|
CC01080 |
Manufacture of electronic components |
|
CB01020 |
Manufacture of Clerical machine |
|
CC01010 |
Manufacture power generating, Power
Transmission and power distribution industry |
|
CB01010 |
Manufacture of mechanical equipment |
|
CD01030 |
Manufacture of Automotive components and
accessories |
|
CD01060 |
Manufacture of air craft and components |
|
CC01050 |
Manufacture of data storage and processing
equipment |
|
F119010 |
Wholesales of electronic materials |
|
F219010 |
Retails of electronic materials |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
l
The components and raw material for production are
both purchased at home and abroad such as Japan and USA, etc.
l
Subject is engaged in sale of electronic products, etc.
l
Subject’s major products include information
systems integration and service product, digital products, mobile products,
laser electric products, server and motherboard products, mold product,
interconnects, consumer electronics, etc.
l
Subject’s sales regions
are Japan, Korea, Southeast Asia, USA, America, Europe, Australia, etc.
l
It is introduced that
subject’s products are used in communication industry, automation equipment
industry, optoelectronic industry, precision machinery industry, automobile industry,
consumer electronics industry, etc.
l
The major customers of the subject are “Sony”,
“Apple”, “HP”, “Cisco” and “Nokia”, etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
1.
Domestic
Purchase
|
Products |
Raw materials and components, etc. |
|
Payment Terms |
T/T, Cash, etc. |
2. Import
|
Products |
Raw materials and components, etc. |
|
Payment Terms |
L/C, T/T, etc. |
1. Domestic Markets
|
Product |
Electronic products, etc. |
|
Selling Terms |
T/T, Cash, etc. |
2. Export
|
Product |
Electronic products, etc. |
|
Selling Terms |
L/C, T/T, etc. |
Unit: NTD/000
|
|
2012-12-31* |
2011-12-31* |
|
Assets |
|
|
|
Cash and cash equivalents |
71,517,954.00 |
74,149,784.00 |
|
Available-for-sale financial assets -
current |
690,433.00 |
592,257.00 |
|
Accounts receivable - net |
472,888,155.00 |
382,890,440.00 |
|
Accounts receivable - related parties -
net |
62,720,798.00 |
57,950,719.00 |
|
Other receivables |
1,016,559.00 |
606,048.00 |
|
Other receivables - related parties |
377,590,202.00 |
309,526,062.00 |
|
Inventories |
93,648,034.00 |
126,489,487.00 |
|
Other prepayments |
1,420,857.00 |
1,406,370.00 |
|
Other current assets |
2,283,747.00 |
4,759,524.00 |
|
Current assets |
1,083,776,739.00 |
958,370,691.00 |
|
Available-for-sale financial assets - non
current |
2,146,941.00 |
1,575,600.00 |
|
Financial assets carried at cost - non
current |
191,062.00 |
291,262.00 |
|
Equity investments under equity method |
601,401,616.00 |
532,795,426.00 |
|
Investments |
601,401,616.00 |
532,795,426.00 |
|
Other financial assets - non current |
23,100.00 |
23,100.00 |
|
Funds and long-term investments |
603,762,719.00 |
534,685,388.00 |
|
Land |
1,671,640.00 |
1,671,640.00 |
|
Buildings and structures |
3,613,058.00 |
3,670,419.00 |
|
Machinery and equipment |
47,416,196.00 |
53,020,018.00 |
|
Molding equipment |
11,763.00 |
11,763.00 |
|
Testing equipment |
3,120,912.00 |
4,887,832.00 |
|
Office equipment |
714,593.00 |
760,557.00 |
|
Maintenance equipment and tools |
472.00 |
3,552.00 |
|
Other facilities |
1,449,265.00 |
1,535,045.00 |
|
Fixed assets cost |
57,997,899.00 |
65,560,826.00 |
|
Accumulated depreciation |
-33,937,740.00 |
-33,231,500.00 |
|
Construction in process and prepayment for
equipment |
2,767,938.00 |
1,556,812.00 |
|
Fixed assets |
26,828,097.00 |
33,886,138.00 |
|
Deferred charges |
573,854.00 |
476,386.00 |
|
Other assets - other |
703,617.00 |
707,635.00 |
|
Other assets |
1,277,471.00 |
1,184,021.00 |
|
Assets |
1,715,645,026.00 |
1,528,126,238.00 |
|
Short-term borrowings |
38,404,076.00 |
59,754,378.00 |
|
Short-term notes and bills payable |
7,991,597.00 |
7,989,312.00 |
|
Accounts payable |
106,055,305.00 |
94,632,674.00 |
|
Accounts payable - related parties |
432,791,798.00 |
355,935,299.00 |
|
Income tax payable |
8,805,575.00 |
10,113,427.00 |
|
Accrued expenses |
116,769,211.00 |
101,164,671.00 |
|
Other payables |
211,300,093.00 |
207,748,685.00 |
|
Advance receipts |
25,143,427.00 |
2,141,682.00 |
|
Long-term liabilities - current portion |
31,931,536.00 |
3,000,000.00 |
|
Other current liabilities |
9,699,905.00 |
19,299,168.00 |
|
Current liabilities |
988,892,523.00 |
861,779,296.00 |
|
Bonds payable |
56,210,000.00 |
62,378,777.00 |
|
Long-term borrowings |
19,156,400.00 |
21,920,600.00 |
|
Long-term liabilities |
75,366,400.00 |
84,299,377.00 |
|
Pension reserve / accrued pension
liability |
900,688.00 |
871,342.00 |
|
Deferred income tax liabilities |
3,353,326.00 |
3,241,244.00 |
|
Other liabilities - other |
599,902.00 |
103,291.00 |
|
Other liabilities |
4,853,916.00 |
4,215,877.00 |
|
Liabilities |
1,069,112,839.00 |
950,294,550.00 |
|
Common stock |
118,358,665.00 |
106,890,967.00 |
|
Capital surplus - additional paid-in
capital |
58,302,661.00 |
53,206,711.00 |
|
Capital surplus - long-term equity
investments |
16,928,977.00 |
15,452,488.00 |
|
Capital surplus - stock option |
2,034,440.00 |
2,034,440.00 |
|
Capital surplus |
77,266,078.00 |
70,693,639.00 |
|
Legal reserve |
59,980,502.00 |
51,821,402.00 |
|
Unappropriated retained earnings |
385,380,938.00 |
325,500,402.00 |
|
Retained earnings |
445,361,440.00 |
377,321,804.00 |
|
Cumulative translation adjustments |
1,395,612.00 |
21,141,456.00 |
|
Unrealized gains (losses) on financial
instruments |
4,169,293.00 |
1,802,723.00 |
|
Treasure stock |
-18,901.00 |
-18,901.00 |
|
Equity adjustments |
5,546,004.00 |
22,925,278.00 |
|
Stockholdersˉ equity |
646,532,187.00 (USD
21,529,521,827.10) |
577,831,688.00 (USD
19,241,795,210.40) |
|
Number of treasury stock acquired by the
company and subsidiaries (unit: share) |
1,302,812.00 |
1,184,375.00 |
Unit: NTD/000
|
|
2013-12-31# |
|
Assets |
|
|
Total cash and cash equivalents |
694,027,045 |
|
Total current financial assets at fair
value through profit or loss |
1,198,112 |
|
Current available-for-sale financial
assets, net |
1,087,171 |
|
Accounts receivable, net |
727,761,542 |
|
Accounts receivable due from related
parties, net |
19,948,258 |
|
Other receivables, net |
40,215,354 |
|
Total inventories |
312,785,092 |
|
Total prepayments |
6,393,753 |
|
Total other current assets |
5,165,161 |
|
Total current assets |
1,808,581,488 |
|
Non-current available-for-sale financial
assets, net |
11,854,684 |
|
Non-current financial assets at cost, net |
10,843,376 |
|
Investments accounted for using equity
method, net |
46,282,999 |
|
Total property, plant and equipment |
379,561,941 |
|
Investment property, net |
2,304,839 |
|
Total intangible assets |
12,815,278 |
|
Deferred tax assets |
15,837,041 |
|
Total other non-current assets |
24,379,557 |
|
Total non-current assets |
503,879,715 |
|
Total assets |
2,312,461,203 |
|
Total short-term borrowings |
366,233,601 |
|
Total short-term notes and bills payable |
19,982,517 |
|
Total current financial liabilities at
fair value through profit or loss |
39,946 |
|
Total accounts payable |
682,942,409 |
|
Total accounts payable to related parties |
29,761,739 |
|
Total other payables |
191,175,178 |
|
Current tax liabilities |
24,158,478 |
|
Total current provisions |
2,406,336 |
|
Total other current liabilities |
42,260,567 |
|
Total current liabilities |
1,358,960,771 |
|
Total bonds payable |
97,054,788 |
|
Total long-term borrowings |
35,108,728 |
|
Total deferred tax liabilities |
6,218,103 |
|
Total other non-current liabilities |
9,194,211 |
|
Total non-current liabilities |
147,575,830 |
|
Total liabilities |
1,506,536,601 |
|
Ordinary share |
131,287,068 |
|
Total capital stock |
131,287,068 |
|
Total capital surplus, additional paid-in
capital |
64,033,016 |
|
Capital surplus, difference between
consideration and carrying amount of subsidiaries acquired or disposed |
52,165 |
|
Capital surplus, changes in equity of
associates and joint ventures accounted for using equity method |
707,692 |
|
Total capital surplus |
64,792,873 |
|
Legal reserve |
69,456,739 |
|
Total unappropriated retained earnings
(accumulated deficit) |
467,423,426 |
|
Total retained earnings |
536,880,165 |
|
Total exchange differences on translation
of foreign financial statements |
26,432,947 |
|
Total unrealized gains (losses) on
available-for-sale financial assets |
5,295,914 |
|
Total other equity interest |
31,728,861 |
|
Treasury shares |
18,901 |
|
Total equity attributable to owners of
parent |
764,670,066 |
|
Non-controlling interests |
41,254,536 |
|
Total equity |
805,924,602 (USD
26,837,289,246.60) |
|
Number of shares in entity held by entity
and by its subsidiaries |
1,433,093 |
(As of 2014.08, 1 NTD = 0.0333 USD)
Unit: NTD/000
|
|
2012* |
2011* |
|
Sales |
3,218,928,395.00 (USD
107,190,315,553.50) |
2,773,311,378.00 (USD
92,351,268,887.40) |
|
Sales |
3,218,928,395.00 |
2,773,311,378.00 |
|
Operating income |
3,218,928,395.00 |
2,773,311,378.00 |
|
Cost of sales |
3,066,728,559.00 |
2,665,484,499.00 |
|
Operating costs |
3,066,728,559.00 |
2,665,484,499.00 |
|
Gross profit (loss) from operations |
152,199,836.00 |
107,826,879.00 |
|
Selling expense |
88,233,452.00 |
57,367,306.00 |
|
General and administrative expenses |
6,561,747.00 |
6,336,949.00 |
|
Research and development expenses |
11,478,794.00 |
12,622,338.00 |
|
Operating expenses |
106,273,993.00 |
76,326,593.00 |
|
Operating income (loss) |
45,925,843.00 |
31,500,286.00 |
|
Non-Operating Income |
|
|
|
Interest income |
239,695.00 |
182,319.00 |
|
Income from long-term equity investments
under the equity method |
62,582,101.00 |
61,958,096.00 |
|
Dividends |
20,643.00 |
43,642.00 |
|
Investment income |
62,602,744.00 |
62,001,738.00 |
|
Gains on sale of investments |
50,382.00 |
0.00 |
|
Revaluation gain on financial assets |
0.00 |
41,017.00 |
|
Revaluation gain on financial liabilities |
9,314.00 |
135,676.00 |
|
Miscellaneous income |
1,136,093.00 |
2,117,567.00 |
|
Non-operating revenues and gains |
64,038,228.00 |
64,478,317.00 |
|
Non-Operating Expenses |
|
|
|
Interest expense |
2,186,975.00 |
1,827,181.00 |
|
Foreign exchange losses |
54,900.00 |
1,839,757.00 |
|
Financial expense |
189,662.00 |
482,813.00 |
|
Revaluation loss on financial assets |
41,181.00 |
0.00 |
|
Miscellaneous disbursements |
24,585.00 |
37,378.00 |
|
Non-operating expenses and losses |
2,497,303.00 |
4,187,129.00 |
|
Income from continuing operations before
income tax |
107,466,768.00 |
91,791,474.00 |
|
Income tax expense (benefit) |
12,704,391.00 |
10,200,475.00 |
|
Income from continuing operations |
94,762,377.00 |
81,590,999.00 |
|
Net income (loss) |
94,762,377.00 (USD 3,155,587,154.10) |
81,590,999.00 (USD
2,716,980,266.70) |
|
Primary Earnings per Share |
|
|
|
Income (loss) from continuing operations |
8.03 |
6.94 |
|
Primary earnings per share |
8.03 |
6.94 |
|
Diluted earnings per share |
|
|
|
Income (loss) from continuing operations |
7.84 |
6.78 |
|
Diluted earnings per share |
7.84 |
6.78 |
Unit: NTD/000
|
|
2013# |
|
Total operating revenue |
3,952,317,540 (USD
131,612,174,082) |
|
Total operating costs |
3,697,623,039 |
|
Gross profit (loss) from operations |
254,694,501 |
|
Gross profit (loss) from operations |
254,694,501 |
|
Total selling expenses |
25,893,690 |
|
Total administrative expenses |
72,906,384 |
|
Total research and development expenses |
46,580,031 |
|
Total operating expenses |
145,380,105 |
|
Net operating income (loss) |
109,314,396 (USD
3,640,169,386.80) |
|
Total other income |
17,531,778 |
|
Other gains and losses, net |
13,863,801 |
|
Finance costs, net |
9,252,353 |
|
Share of profit (loss) of associates and
joint ventures accounted for using equity method, net |
4,838,075 |
|
Total non-operating income and expenses |
26,981,301 |
|
Profit (loss) from continuing operations
before tax |
136,295,697 |
|
Total tax expense (income) |
28,949,821 |
|
Profit (loss) from continuing operations |
107,345,876 |
|
Profit (loss) |
107,345,876 |
|
Exchange differences on translation |
24,617,695 |
|
Unrealized gains (losses) on valuation of
available-for-sale financial assets |
-1,002,017 |
|
Actuarial gains (losses) on defined
benefit plans |
980 |
|
Total share of other comprehensive income
of associates and joint ventures accounted for using equity method |
918,220 |
|
Income tax related to components of other
comprehensive income |
167 |
|
Other comprehensive income, net |
24,534,711 |
|
Total comprehensive income |
131,880,587 |
|
Profit (loss), attributable to owners of
parent |
106,697,157 |
|
Profit (loss), attributable to
non-controlling interests |
648,719 |
|
Comprehensive income, attributable to
owners of parent |
130,621,274 |
|
Comprehensive income, attributable to
non-controlling interests |
1,259,313 |
|
Basic earnings (loss) per share from
continuing operations |
8.16 |
|
Total basic earnings per share |
8.16 |
|
Diluted earnings (loss) per share from
continuing operations |
7.99 |
|
Total diluted earnings per share |
7.99 |
(As of 2014.08, 1 NTD = 0.0333 USD)
Unit: NTD/000
|
|
2012* |
2011* |
|
Cash Flows from Operating Activities -
Indirect Method |
|
|
|
Net Income (Loss) |
94,762,377.00 |
81,590,999.00 |
|
Adjustments to Reconcile Net Income to Net
Cash Provided by (Used in) Operating Activities |
|
|
|
Depreciation Expense |
7,679,615.00 |
8,319,196.00 |
|
Amortization Expense |
1,039,010.00 |
1,313,430.00 |
|
Provision (Reversal of Provision) for Bad
Debts Losses |
388,623.00 |
(1,183,157.00) |
|
Provision (Reversal of Provision) for
Sales Returns, Discounts and Allowances |
591,729.00 |
0.00 |
|
Amortization of Discounts (Premiums) on
Financial Liabilities |
2,285.00 |
0.00 |
|
Amortization of Discounts (Premiums) on
Bonds Payable |
666,334.00 |
645,094.00 |
|
Effects of Exchange Rate Changes Of Bonds
Payable |
(1,203,575.00) |
1,098,312.00 |
|
Loss (Gain) on Decline (Recovery) in
Market Value, Scrap and Obsolescence of Inventories |
(1,561,557.00) |
1,937,585.00 |
|
Investment Loss (Income) Recognized under
Equity Method |
(62,582,101.00) |
(61,958,096.00) |
|
Cash Dividends Received from Investments
Accounted for under Equity Method |
1,193,901.00 |
1,094,061.00 |
|
Loss (Gain) on Disposal of Property, Plant
and Equipment |
(40,359.00) |
(58,877.00) |
|
Loss (Gain) on Disposal of Investments |
(50,382.00) |
7,061.00 |
|
Unrealized Revaluation Loss (Gain) on
Financial Assets and Liabilities |
0.00 |
0.00 |
|
Realized Loss (Gain) on Intercompany
Transactions |
(2,847.00) |
4,609.00 |
|
Other Adjustments to Reconcile Net Income |
(2,162,311.00) |
279,191.00 |
|
Changes in Operating Assets and
Liabilities |
|
|
|
Decrease (Increase) in Financial Assets
Held for Trading |
0.00 |
0.00 |
|
Decrease (Increase) in Notes Receivable |
(1,992,657.00) |
15,777.00 |
|
Decrease (Increase) in Accounts Receivable |
(88,985,410.00) |
(114,157,206.00) |
|
Decrease (Increase) in Accounts Receivable
- Related Parties |
(4,770,079.00) |
(30,454,427.00) |
|
Decrease (Increase) in Other Receivables |
9,561.00 |
(30,377.00) |
|
Decrease (Increase) in Inventories |
34,403,010.00 |
(21,207,601.00) |
|
Decrease (Increase) in Other Prepayments |
(14,487.00) |
3,910,215.00 |
|
Decrease (Increase) in Deferred Tax Assets |
2,475,777.00 |
(1,264,969.00) |
|
Increase (Decrease) in Accounts Payable |
11,422,631.00 |
(3,388,946.00) |
|
Increase (Decrease) in Accounts Payable -
Related Parties |
76,856,498.00 |
84,698,214.00 |
|
Increase (Decrease) in Income Tax Payable |
(1,307,852.00) |
1,686,042.00 |
|
Increase (Decrease) in Accrued Expenses |
20,010,370.00 |
31,953,804.00 |
|
Increase (Decrease) in Other Payables |
9,666,541.00 |
1,708,236.00 |
|
Increase (Decrease) in Receipts in Advance |
23,001,745.00 |
173,103.00 |
|
Increase (Decrease) in Other Current
Liabilities |
(9,599,179.00) |
6,335,514.00 |
|
Increase (Decrease) in Deferred Tax
Liabilities |
112,082.00 |
(510,857.00) |
|
Increase (Decrease) in Accrued Pension
Liabilities |
29,346.00 |
12,792.00 |
|
Net Cash Provided by (Used in) Operating
Activities |
110,038,639.00 |
(7,431,278.00) |
|
Cash Flows from Investing Activities |
|
|
|
Acquisition of Financial Assets as Fair
Value through Profit or Loss |
0.00 |
(146,138.00) |
|
Acquisition of Available-for-sale
Financial Assets |
(76,291.00) |
0.00 |
|
Proceeds from Disposal of Financial Assets
Carried at Cost |
150,582.00 |
2,847.00 |
|
Acquisition of Investments Accounted for
by Equity Method |
(22,731,587.00) |
(24,180,101.00) |
|
Proceeds from Capital Reduction of
Investments Accounted for under Equity Method |
0.00 |
0.00 |
|
Purchase of Property, Plant and Equipment |
(5,771,750.00) |
(21,538,628.00) |
|
Proceeds from Disposal of Property, Plant
and Equipment |
11,334,160.00 |
2,178,382.00 |
|
Increase in Deferred Charges |
(1,038,889.00) |
(1,056,214.00) |
|
Decrease (Increase) in Other Financial
Assets |
0.00 |
4,984.00 |
|
Decrease (Increase) in Other Assets |
(93,432.00) |
59,178.00 |
|
Other Investing Activities |
(80,254,037.00) |
25,794,344.00 |
|
Net Cash Provided by (Used in) Investing
Activities |
(98,481,244.00) |
(18,881,346.00) |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
(21,350,302.00) |
27,982,701.00 |
|
Increase (Decrease) in Short-term Notes
and Bills Payable |
0.00 |
(1,601,976.00) |
|
Proceeds from Issuance of Bonds |
26,300,000.00 |
18,000,000.00 |
|
Repayments of Bonds |
(3,000,000.00) |
(17,219,400.00) |
|
Proceeds from Long-term Debt |
0.00 |
21,920,600.00 |
|
Increase (Decrease) in Other Liabilities |
496,611.00 |
(87,631.00) |
|
Cash Dividends Paid |
(16,033,645.00) |
(9,661,248.00) |
|
Net Cash Provided by (Used in) Financing
Activities |
(13,587,336.00) |
39,333,046.00 |
|
Effect of Exchange Rate Changes |
(601,889.00) |
(279,191.00) |
|
Net Increase (Decrease) in Cash and Cash
Equivalents |
(2,631,830.00) |
12,741,231.00 |
|
Cash and Cash Equivalents, Beginning of
year |
74,149,784.00 |
61,408,553.00 |
|
Cash and Cash Equivalents, End of year |
71,517,954.00 |
74,149,784.00 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid |
1,346,618.00 |
964,369.00 |
|
Interest Paid- Excluding Capitalized
Interest |
1,346,618.00 |
964,369.00 |
|
Income Tax Paid |
11,355,262.00 |
10,247,811.00 |
|
Non-cash Investing and Financing
Activities |
|
|
|
Unrealized Valuation Gains or Losses on
Financial Instruments |
593,226.00 |
(3,927,843.00) |
|
Unrealized Gains or Losses on Financial
Instruments Recognized due to Equity Changes in Long-term Investments |
1,773,344.00 |
(7,534,564.00) |
|
Cumulative Translation Adjustments |
(19,745,844.00) |
30,471,775.00 |
|
Investing Activities Affecting Both Cash
and Non-cash Items |
|
|
|
Cash Paid for Acquisition of Property,
Plant and Equipment |
|
|
|
Increase in Property, Plant and Equipment |
6,491,667.00 |
20,992,624.00 |
|
Increase (Decrease) in Payable for
Equipment Purchased |
(719,917.00) |
546,004.00 |
|
Cash Paid for Acquisition of Property,
Plant and Equipment |
5,771,750.00 |
21,538,628.00 |
|
Cash Received from Disposal of Property,
Plant and Equipment |
|
|
|
Proceeds from Disposal of Property, Plant
and Equipment |
5,897,917.00 |
7,613,331.00 |
|
Decrease (Increase) in Other Receivables-
Disposal of Property, Plant and Equipment |
5,436,243.00 |
(5,434,949.00) |
|
Cash received from Disposal of Long-term
Investments under Equity Method |
11,334,160.00 |
2,178,382.00 |
|
|
2013# |
|
Cash flows from (used in) operating
activities, indirect method |
|
|
Profit (loss) from continuing operations
before tax |
136,295,697 |
|
Profit (loss) before tax |
136,295,697 |
|
Depreciation expense |
72,686,853 |
|
Amortization expense |
926,373 |
|
Provision (reversal of provision) for bad
debt expense |
227,523 |
|
Net loss (gain) on financial assets or
liabilities at fair value through profit or loss |
311,994 |
|
Interest expense |
9,117,464 |
|
Interest income |
-10,845,494 |
|
Dividend income |
-419,216 |
|
Share of loss (profit) of associates and
joint ventures accounted for using equity method |
-4,838,075 |
|
Loss (gain) on disposal of property, plan
and equipment |
559,393 |
|
Loss (gain) on disposal of investments |
-1,427,121 |
|
Impairment loss on non-financial assets |
577,807 |
|
Total adjustments to reconcile profit
(loss) |
66,877,501 |
|
Decrease (increase) in financial assets
held for trading |
-1,411,995 |
|
Decrease (increase) in notes receivable |
-582,757 |
|
Decrease (increase) in accounts receivable |
-129,827,318 |
|
Decrease (increase) in accounts receivable
due from related parties |
15,521,393 |
|
Decrease (increase) in other receivable |
-1,707,015 |
|
Decrease (increase) in inventories |
37,097,551 |
|
Decrease (increase) in prepayments |
1,253,288 |
|
Total changes in operating assets |
-79,656,853 |
|
Changes in operating liabilities |
|
|
Increase (decrease) in accounts payable |
80,186,615 |
|
Increase (decrease) in accounts payable to
related parties |
-5,853,108 |
|
Increase (decrease) in other payable |
14,011,616 |
|
Increase (decrease) in provisions |
-1,057,944 |
|
Increase (decrease) in receipts in advance |
-10,539,496 |
|
Increase (decrease) in other current
liabilities |
-641,479 |
|
Increase (decrease) in accrued pension
liabilities |
-86,428 |
|
Total changes in operating liabilities |
76,019,776 |
|
Total changes in operating assets and liabilities |
-3,637,077 |
|
Total adjustments |
63,240,424 |
|
Cash inflow (outflow) generated from
operations |
199,536,121 |
|
Income taxes refund (paid) |
-26,784,550 |
|
Net cash flows from (used in) operating
activities |
172,751,571 |
|
Acquisition of available-for-sale financial
assets |
-488,977 |
|
Proceeds from disposal of
available-for-sale financial assets |
1,401,164 |
|
Acquisition of financial assets at cost |
-2,060,666 |
|
Proceeds from disposal of financial assets
at cost |
456,764 |
|
Acquisition of investments accounted for
using equity method |
-1,408,714 |
|
Proceeds from disposal of investments
accounted for using equity method |
2,436,170 |
|
Acquisition of property, plant and
equipment |
-44,395,165 |
|
Proceeds from disposal of property, plant
and equipment |
9,106,480 |
|
Acquisition of intangible assets |
-9,180,000 |
|
Increase in other financial assets |
-3,394,991 |
|
Increase in other non-current assets |
830,897 |
|
Increase in other prepayments |
-563,668 |
|
Interest received |
10,475,314 |
|
Dividends received |
1,552,262 |
|
Other investing activities |
1,327,042 |
|
Net cash flows from (used in) investing
activities |
-33,906,088 |
|
Increase in short-term loans |
54,232,791 |
|
Increase in short-term notes and bills
payable |
11,990,920 |
|
Proceeds from issuing bonds |
28,242,000 |
|
Repayments of bonds |
-32,477,430 |
|
Proceeds from long-term debt |
17,761,410 |
|
Repayments of long-term debt |
-26,877,214 |
|
Increase in other non-current liabilities |
834,513 |
|
Cash dividends paid |
-17,753,800 |
|
Interest paid |
-8,188,197 |
|
Change in non-controlling interests |
3,930,733 |
|
Net cash flows from (used in) financing
activities |
31,695,726 |
|
Effect of exchange rate changes on cash
and cash equivalents |
17,958,880 |
|
Net increase (decrease) in cash and cash
equivalents |
188,500,089 |
|
Cash and cash equivalents at beginning of
period |
505,526,956 |
|
Cash and cash equivalents at end of period |
694,027,045 |
|
Cash and cash equivalents reported in the
statement of financial position |
694,027,045 |
Note:
(*) Figures are based on the Taiwan generally
accepted accounting principle.
(#) Figures are based on the IFRSs Accounting
System.
Subject declined to disclose its bank details; from other source we could not obtain the relevant information, either.
Mortgage
|
1 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
025878 |
|
Debtor Name: |
Hon Hai Precision Industry Co., Ltd. |
|
Document Number: |
218194 |
|
Date of Registration: |
1986-8-25 |
|
Date of Alteration: |
1986-8-25 |
|
Status: |
Paid off |
|
2 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
028886 |
|
Debtor Name: |
Hon Hai Precision Industry Co.,
Ltd. |
|
Document Number: |
315518 |
|
Date of Registration: |
1987-10-23 |
|
Date of Alteration: |
1987-10-23 |
|
Status: |
Paid off |
|
3 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
028973 |
|
Debtor Name: |
Hon Hai Precision Industry Co.,
Ltd. |
|
Document Number: |
196021 |
|
Date of Registration: |
1988-2-8 |
|
Date of Alteration: |
1988-2-8 |
|
Status: |
Paid off |
|
4 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
030044 |
|
Debtor Name: |
Hon Hai Precision Industry Co.,
Ltd. |
|
Document Number: |
197236 |
|
Date of Registration: |
1988-3-18 |
|
Date of Alteration: |
1988-3-18 |
|
Status: |
Paid off |
|
5 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
031320 |
|
Debtor Name: |
Hon Hai Precision Industry Co.,
Ltd. |
|
Document Number: |
291720 |
|
Date of Registration: |
1988-8-12 |
|
Date of Alteration: |
1988-8-12 |
|
Status: |
Paid off |
|
6 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
032890 |
|
Debtor Name: |
Hon Hai Precision Industry Co.,
Ltd. |
|
Document Number: |
196539 |
|
Date of Registration: |
1989-3-3 |
|
Date of Alteration: |
1989-3-3 |
|
Status: |
Paid off |
|
7 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
034838 |
|
Debtor Name: |
Hon Hai Precision Industry Co.,
Ltd. |
|
Document Number: |
314473 |
|
Date of Registration: |
1989-12-19 |
|
Date of Alteration: |
1989-12-19 |
|
Status: |
Paid off |
|
8 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
035734 |
|
Debtor Name: |
Hon Hai Precision Industry Co.,
Ltd. |
|
Document Number: |
987291 |
|
Date of Registration: |
1990-6-12 |
|
Date of Alteration: |
1990-6-12 |
|
Status: |
Paid off |
|
9 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
044140 |
|
Debtor Name: |
Hon Hai Precision Industry Co.,
Ltd. |
|
Document Number: |
195127 |
|
Date of Registration: |
1994-1-10 |
|
Date of Alteration: |
-- |
|
Status: |
Paid off |
Lawsuit
|
Trial Number: |
2007,Beijian, 37800 |
|
Date of Trial: |
2007-11-30 |
|
Reason: |
Payment for damaging. |
|
Claimant: |
He Yun Car Rental Co., Ltd. (Literal Translation) |
|
Defendant: |
Hon Hai Precision Industry Co., Ltd. |
|
2 |
|
|
Trial Number: |
2007, Beijian, 363 |
|
Date of Trial: |
2007-8-15 |
|
Reason: |
Payment for damaging. |
|
Claimant: |
He Yun Car Rental Co., Ltd.
(Literal Translation) |
|
Defendant: |
Hon Hai Precision Industry Co.,
Ltd. |
Interview Details
|
Name |
Ms. Chen |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.55 |
|
|
1 |
Rs. 103.50 |
|
Euro |
1 |
Rs. 82.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPT |
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.