|
Report Date : |
17.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SINON CORPORATION |
|
|
|
|
Registered Office : |
1FL., No.23, Sec.1, Mei Chuan W. Road, W. District,
Taichung City, |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
20.11.1963 |
|
|
|
|
Com. Reg. No.: |
51911712 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of chemical products, daily
supplies, food |
|
|
|
|
No. of Employees |
1,500 Employees (Taiwan) 2,934 Employees (Group) |
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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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: |
SINON CORPORATION |
|
Supplied Name: |
SINON CORPORATION |
|
Trading Address: |
111 Chung Shan Road, Ta-Tu District, Taichung City, Taiwan |
|
Supplied Address: |
111, CHUNG SHAN ROAD, TA-TU HSIANG TAICHUNG HSIEN 432, TAIWAN |
|
Telephone Number: |
+886-4-2693-4261 |
|
Fax Number: |
+886-4-2693-4265 |
|
E-mail: |
Notes: The exact name and address are as above.
Subject was incorporated on
Subject was listed at Taiwan Stock Exchange with the Stock
Symbol: 1712 on
|
Name |
Subscription Shares |
|
Wenbin Yang |
5,196,314 |
|
Boyan Hong |
7,119,235 |
|
Tiancheng Yang |
1,000,000 |
|
Tianjun Yang |
1,628,584 |
|
Jiawen Investment Co., Ltd (Liberal Translation) |
2,232,443 |
|
Chunzhen Wuguo |
2,624,509 |
|
Zhenglang Chen |
482,877 |
|
Wentong Yang |
1,538,200 |
|
Zeren Yu |
98,288 |
|
Zifang Yan |
95,247 |
|
Knowledge & Service Information Corp. |
1,527,693 |
|
Maozhang Zhang |
10,478 |
|
Zhongxin Yang |
211,460 |
The information above is that of subject’s major shareholders.
Shareholder
Information:
|
|
|
|
Registered Name: |
Jiawen Investment Co., Ltd (Liberal Translation) |
|
Registered Address: |
1F., No.15, Lane 14, Minsheng Rd., South Dist., Taichung City, Taiwan (R.O.C.) |
|
Date of Foundation: |
2003-10-6 |
|
Registration Number: |
80559153 |
|
Registry: |
Taichung City Government |
|
Registered Capital: |
NTD 3,000,000 (USD 99,300) (As of 2014.6, 1 NTD = 0.0331 USD) |
|
Legal Representatives: |
Qinge Lan |
|
Legal Form: |
Private Limited Liability Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-6-25 |
|
|
|
|
Registered Name: |
Knowledge & Service Information Corp. |
|
Registered Address: |
No.23,Sec.1,Mei Chuan W.Road, Taichung 403,Taiwan,R.O.C. |
|
Date of Foundation: |
1983-10-13 |
|
Registration Number: |
52875138 |
|
Registry: |
Taichung City Government |
|
Registered Capital: |
NTD 50,000,000 (USD 1,655,000) (As of 2014.6, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 50,000,000 (USD 1,655,000) |
|
Legal Representatives: |
Renyao Wu |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2012-12-14 |
Branches
|
1 |
|
|
Branch Registered Number: |
16441550 |
|
Branch Status |
Dissolved |
|
Branch Name |
Kaohsiung Branch |
|
Branch Manager |
Shangwu Peng |
|
Branch Address |
No. 71-1, Beiduan Street, Yancheng District, Kaohsiung City, Taiwan |
|
Date of Incorporation |
|
|
Date of Last Annual Return: |
|
|
2 |
|
|
Branch Registered Number: |
16441545 |
|
Branch Status |
Dissolved |
|
Branch Name |
Jiayi Branch |
|
Branch Manager |
Xicheng Ruan |
|
Branch Address |
No. 136, Zhongshan Road, Dalin Town, Jiayi County, Taiwan |
|
Date of Incorporation |
|
|
Date of Last Annual Return: |
|
Related Companies
|
Sinon Australia Pty.
Ltd. Fax: +61-2-88145591 Sinon do Brazil Ltda. Website: www.sinon.com.br Sinon Chemical (China) Co., Ltd No. 28 Beicun Road,
Zhelin, Fengxian, Shanghai, China. Fax: +86-21-5749-3703 Website: www.sinon.com.cn Sinon EU GMBH Fax: +49-40-6599 5158 PT Sinon Indonesia Fax: +62-21-52994599 Sinon USA Inc. Fax: +1-925 299 1419 Sinon (Thailand) Co.,
Ltd. Fax: +66-2-6786875 |
|
|
Factories
|
1 |
|
|
Address |
No.101, Nanrong Rd., Dadu Dist., Taichung City, Taiwan (R.O.C.) |
|
Tel |
+886-4-26933841 |
|
2 |
|
|
Address |
No.3, Shengang Township, Changhua County, Taiwan (R.O.C.) |
|
Tel |
+886-4-7910393 |
|
3 |
|
|
Address |
2F., No.33, Lugong S. 2nd Rd., Lukang Township, Changhua County, Taiwan (R.O.C.) |
|
Tel |
+886-4-7812167 |
|
4 |
|
|
Address |
No.60, Lane 15, Nanyun Rd., Mingjian Township, Nantou County, Taiwan (R.O.C.) |
|
Tel |
+886-49-2739066 |
|
5 |
|
|
Address |
No.327, Guangxing Rd., Taiping Dist., Taichung City, Taiwan (R.O.C.) |
|
Tel |
+886-4-22714436 |
|
6 |
|
|
Address |
No.73, Caoxi Rd., Caotun Township, Nantou County, Taiwan (R.O.C.) |
|
Tel |
+886-49-2393968 |
|
7 |
|
|
Address |
No.52, Lane 15, Nanyun Rd., Mingjian Township, Nantou County, Taiwan (R.O.C.) |
|
Tel |
+886-49-2734426 |
|
8 |
|
|
Address |
No.35, Zhongshan Rd., Dadu Dist., Taichung City, Taiwan (R.O.C.) |
|
Tel |
+886-4-26936060 |
Core Management
Directors
|
1 |
|
|
Name |
Wenbin Yang |
|
Position |
Board Chairman |
|
Date of Appointment |
2009-3-18 |
|
2 |
|
|
Name |
Boyan Hong |
|
Position |
Deputy Chairman |
|
3 |
|
|
Name |
Tiancheng Yang |
|
Position |
Director |
|
4 |
|
|
Name |
Tianjun Yang |
|
Position |
Director |
|
5 |
|
|
Name |
Nianheng Liao |
|
Position |
Director |
|
6 |
|
|
Name |
Chunzhen Wuguo |
|
Position |
Director |
|
7 |
|
|
Name |
Zhenglang Chen |
|
Position |
Director |
|
8 |
|
|
Name |
Wentong Yang |
|
Position |
Director |
|
9 |
|
|
Name |
Zeren Yu |
|
Position |
Director |
|
10 |
|
|
Name |
Zifang Yan |
|
Position |
Director |
|
11 |
|
|
Name |
Zhiyi Ji |
|
Position |
Independent Director |
|
12 |
|
|
Name |
Junming Xu |
|
Position |
Independent Director |
|
13 |
|
|
Name |
Renming Yang |
|
Position |
Supervisor |
|
14 |
|
|
Name |
Maozhang Zhang |
|
Position |
Supervisor |
|
15 |
|
|
Name |
Zhongxin Yang |
|
Position |
Supervisor |
Personnel Structure
|
Total Employees |
About 1,500 Employees (Taiwan) About 2,934 Employees (Group) |
Offices & Factories
|
|
Headquarters |
|
Add |
Production Information
Subject is a manufacturer of chemical products, daily supplies, food and etc.
It is introduced that subject has factories in Taiwan and the mainland of China for production.
It is introduced that subject has obtained ISO 9001, ISO 17025, OHSAS 18001, ISO 9002 certifications.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
A101011 |
Seedlings industry. |
|
A101020 |
Crop cultivation industry |
|
A101030 |
Special crop cultivation industry |
|
A101040 |
Edible mushroom cultivation industry |
|
A101050 |
Flower cultivation industry |
|
A102020 |
Finishing agricultural products industry. |
|
A102050 |
Services of crop cultivation. |
|
A102060 |
Food dealers industry. |
|
C111010 |
Manufacturing of tea. |
|
C113020 |
Manufacturing of semi-finished products of alcohol. |
|
C114010 |
Manufacturing of food additives. |
|
C199030 |
Manufacturing of instant food. |
|
C199990 |
Manufacturing of other unclassified food. |
|
C801010 |
Basic chemical industry. |
|
C801030 |
Manufacturing of precise chemical material. |
|
C801100 |
Manufacturing of synthetic resin and plastic. |
|
C801110 |
Manufacturing of fertilizer. |
|
C801990 |
Manufacturing of other chemical materials. |
|
C802060 |
Manufacturing of animal medicine. |
|
C802070 |
Manufacturing of pesticide. |
|
C802080 |
Manufacturing of environmental medicine. |
|
C802090 |
Manufacturing of cleaning supplies. |
|
C802100 |
Manufacturing of cosmetics. |
|
C802110 |
Manufacturing of pigment of cosmetics. |
|
C802170 |
Manufacturing of toxic chemical substances. |
|
C802200 |
Manufacturing of coating, paint, dyes and pigment. |
|
C802990 |
Manufacturing of other chemical products. |
|
C805010 |
Manufacturing of plastic film, plastic cloth, plastic board and plastic pipes. |
|
C805020 |
Manufacturing of plastic film and plastic bags. |
|
C805030 |
Manufacturing of plastic daily supplies. |
|
C805060 |
Manufacturing of plastic leather products. |
|
C805990 |
Manufacturing of other plastic products. |
|
CB01030 |
Manufacturing of pollution-prevention equipment. |
|
F101081 |
Wholesales of germchit. |
|
F101100 |
Wholesales of flower. |
|
F101130 |
Wholesales of vegetables and fruit. |
|
F101990 |
Wholesales of other agriculture products, animal by products and aquatic product. |
|
F102030 |
Wholesales of cigarette and wine. |
|
F102040 |
Wholesales of drinks. |
|
F102050 |
Wholesales of tea. |
|
F102170 |
Wholesales of miscellaneous goods and food. |
|
F106020 |
Wholesales of daily supplies. |
|
F106030 |
Wholesales of molds. |
|
F106060 |
Wholesales of pet food and pet products. |
|
F107030 |
Wholesales of cleaning supplies. |
|
F107041 |
Wholesales of pesticide |
|
F107050 |
Wholesales of fertilizer. |
|
F107060 |
Wholesales of toxic chemical substances. |
|
F107070 |
Wholesales of animal medicine. |
|
F107080 |
Wholesales of environmental medicine. |
|
F107190 |
Wholesales of plastic film and plastic bags. |
|
F107200 |
Wholesales of chemical raw materials. |
|
F107990 |
Wholesales of other chemical products. |
|
F108031 |
Wholesales of medical devices. |
|
F108040 |
Wholesales of cosmetics. |
|
F201010 |
Retails of agricultural products. |
|
F201061 |
Retails of germchit. |
|
F201070 |
Retails of flower. |
|
F201990 |
Retails of other agriculture products, animal by products and aquatic product. |
|
F203010 |
Retails of miscellaneous goods, food and drinks. |
|
F203020 |
Retails of cigarette and wine. |
|
F206020 |
Retails of daily supplies. |
|
F206050 |
Retails of pet food and pet products. |
|
F207030 |
Retails of cleaning supplies. |
|
F207041 |
Retails of pesticide. |
|
F207050 |
Retails of fertilizer. |
|
F207060 |
Retails of toxic chemical substances. |
|
F207070 |
Retails of animal medicine. |
|
F207080 |
Retails of environmental medicine. |
|
F208031 |
Retails of medical devices. |
|
F399040 |
No-store retails industry. |
|
F399990 |
Other comprehensive retails. |
|
F401010 |
International trading business. |
|
F401071 |
Importing of germchit. |
|
F401171 |
Importing of wine. |
|
I103060 |
Management consultant industry. |
|
J101050 |
Environmental testing services |
|
JE01010 |
Renting industry. |
|
JZ99050 |
Placement services. |
|
H701010 |
Developing, renting and sales of residence and building. |
|
H701060 |
Developing of new town and new community. |
|
H703090 |
Trading of immovable property. |
|
H703100 |
Renting of immovable property. |
|
ZZ99999 |
Besides licensed business, all other business items those are not banned or restricted. |
It is introduced that subject purchases its raw materials and etc both at home and abroad.
The subject is mainly engaged in sales of chemical products, daily supplies, food and etc.
It is introduced that subject’s major products includes pesticides, fertilizers, agricultural materials, raw pesticides and finished pesticides, precision chemicals and the intermediates, lunch boxes, meals, and food materials distribution, environmental agents, cling film and other household goods, as well as plastic products, etc
It is introduced that subject’s selling territory includes Asia, Europe, America, Australia and etc.
It is introduced that subject’s major customers are farm, construction industry, factory, schools, food processing industry, supermarkets, agriculture industry and etc.
It is introduced that subject has cooperated with many companies, such as
It is introduced that subject also can provide OEM services
It is introduced that subject has cooperated with many famous company,
It is introduced that subject has offices covering Brazil, Germany, mainland of China, USA, etc
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials and etc |
COD, CBD and etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials and etc |
CBD and etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Chemical products, daily supplies, food and etc |
COD, CBD and etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Chemical products, daily supplies, food and etc |
CBD and etc |
100% |
Unit: NTD/000
|
Date |
2012-12-31 |
2011-12-31 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
125,525.00 |
90,765.00 |
|
Notes receivable - net |
81,385.00 |
64,647.00 |
|
Accounts receivable - net |
840,743.00 |
714,645.00 |
|
Accounts receivable - related parties - net |
576,075.00 |
269,937.00 |
|
Other receivables |
341,266.00 |
33,132.00 |
|
Inventories |
1,319,455.00 |
1,144,387.00 |
|
Other prepayments |
102,014.00 |
55,133.00 |
|
Other current assets |
287,326.00 |
334,174.00 |
|
Current assets |
3,673,789.00 |
2,706,820.00 |
|
Funds and Investments |
|
|
|
Financial assets carried at cost - non current |
18,918.00 |
18,918.00 |
|
Equity investments under equity method |
2,291,772.00 |
2,323,212.00 |
|
Investments |
2,291,772.00 |
2,323,212.00 |
|
Funds and long-term investments |
2,310,690.00 |
2,342,130.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Land |
1,935,569.00 |
1,717,027.00 |
|
Buildings and structures |
794,337.00 |
714,536.00 |
|
Machinery and equipment |
1,564,474.00 |
1,401,928.00 |
|
Transportation equipment |
32,171.00 |
27,122.00 |
|
Leasehold improvements |
32,296.00 |
32,296.00 |
|
Other facilities |
490,680.00 |
465,567.00 |
|
Revaluation increment |
677,208.00 |
718,056.00 |
|
Cost and revaluation increment |
5,526,735.00 |
5,076,532.00 |
|
Accumulated depreciation |
-1,643,163.00 |
-1,480,358.00 |
|
Construction in process and prepayment for equipments |
519,775.00 |
45,651.00 |
|
Fixed assets |
4,403,347.00 |
3,641,825.00 |
|
Intangible Assets |
|
|
|
OtherAssets |
|
|
|
Guarantee deposits paid |
30,004.00 |
17,079.00 |
|
Deferred charges |
347,259.00 |
356,374.00 |
|
Deferred income tax assets - non current |
20,996.00 |
484.00 |
|
Other assets - other |
120,881.00 |
120,865.00 |
|
Other assets |
519,140.00 |
494,802.00 |
|
Assets |
10,906,966.00 |
9,185,577.00 |
|
Liabilities and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Short-term borrowings |
967,816.00 |
977,815.00 |
|
Short-term notes and bills payable |
190,000.00 |
190,000.00 |
|
Notes payable |
22,353.00 |
12,223.00 |
|
Accounts payable |
565,182.00 |
594,297.00 |
|
Accounts payable - related parties |
32,701.00 |
9,037.00 |
|
Income tax payable |
37,904.00 |
28,869.00 |
|
Accrued expenses |
379,203.00 |
277,440.00 |
|
Other payables |
9,441.00 |
288,378.00 |
|
Long-term liabilities - current portion |
238,953.00 |
251,025.00 |
|
Other current liabilities |
109,412.00 |
76,657.00 |
|
Current liabilities |
2,552,965.00 |
2,705,741.00 |
|
Long term Liabilities |
|
|
|
Long-term borrowings |
2,447,046.00 |
637,743.00 |
|
Long-term liabilities |
2,447,046.00 |
637,743.00 |
|
Reserves |
|
|
|
Reserve for land revaluation increment tax |
227,815.00 |
258,196.00 |
|
Reserves |
227,815.00 |
258,196.00 |
|
Other Liabilities |
|
|
|
Pension reserve / accrued pension liability |
432,037.00 |
384,110.00 |
|
Guarantee deposits received |
46,972.00 |
51,521.00 |
|
Other liabilities - other |
190,689.00 |
181,986.00 |
|
Other liabilities |
669,698.00 |
617,617.00 |
|
Liabilities |
5,897,524.00 |
4,219,297.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common stock |
3,336,920.00 |
3,336,920.00 |
|
Capital Surplus |
|
|
|
Capital surplus - treasury stock transactions |
47,879.00 |
47,879.00 |
|
Capital surplus - employee stock option |
4,004.00 |
0.00 |
|
Capital surplus |
51,883.00 |
47,879.00 |
|
Retained Earnings |
|
|
|
Legal reserve |
404,566.00 |
368,735.00 |
|
Special reserve |
0.00 |
140,821.00 |
|
Unappropriated retained earnings |
1,066,688.00 |
822,101.00 |
|
Retained earnings |
1,471,254.00 |
1,331,657.00 |
|
Stockholders' Equity and Other adjustmen |
|
|
|
Cumulative translation adjustments |
9,386.00 |
76,138.00 |
|
Net loss not recognized as pension cost |
-235,266.00 |
-214,238.00 |
|
Unrealized gains (losses) on financial instruments |
2,468.00 |
-429.00 |
|
Unrealized Revaluation Increment |
400,321.00 |
415,877.00 |
|
Treasure stock |
-27,524.00 |
-27,524.00 |
|
Equity adjustments |
149,385.00 |
249,824.00 |
|
Stockholdersˉ equity |
5,009,442.00 (USD 165,812,530.20) |
4,966,280.00 (USD 164,383,868.00) |
|
Number of treasury stock acquired by the company and subsidiaries (unit: share) |
2,395,000.00 |
2,395,000.00 |
|
|
0.00 |
0.00 |
(As of 2014.6, 1 NTD = 0.0331 USD)
Unit: NTD/000
|
2012 |
2011 |
|
|
Sales |
8,402,822.00 (USD 278,133,408.20) |
7,388,219.00 (USD 244,550,048.90) |
|
Sales returns |
38,808.00 |
23,813.00 |
|
Sales discounts and allowances |
88,884.00 |
93,263.00 |
|
Sales |
8,275,130.00 |
7,271,143.00 |
|
Operating income |
8,275,130.00 |
7,271,143.00 |
|
Operating costs |
6,435,547.00 |
5,575,178.00 |
|
Gross profit (loss) from operations |
1,839,583.00 |
1,695,965.00 |
|
Unrealized gains on intercompany transactions |
0.00 |
0.00 |
|
Realized gains on intercompany transactions |
-28,233.00 |
15,777.00 |
|
Selling expense |
1,345,454.00 |
1,209,610.00 |
|
General and administrative expenses |
116,751.00 |
118,263.00 |
|
Research and development expenses |
123,374.00 |
120,211.00 |
|
Operating expenses |
1,585,579.00 |
1,448,084.00 |
|
Operating income (loss) |
225,771.00 |
263,658.00 |
|
Non-Operating Income |
|
|
|
Inome from long-term equity investments under the equity method |
122,371.00 |
110,845.00 |
|
Investment income |
122,371.00 |
110,845.00 |
|
Gains on disposal of fixed assets |
137,511.00 |
2,045.00 |
|
Foreign exchange gains |
0.00 |
18,717.00 |
|
Rent income |
16,182.00 |
13,749.00 |
|
Reversal of provision for bad debts |
0.00 |
14,694.00 |
|
Miscellaneous income |
23,714.00 |
34,088.00 |
|
Non-operating revenues and gains |
299,778.00 |
194,138.00 |
|
Non-Operating Expenses |
|
|
|
Interest expense |
54,319.00 |
28,425.00 |
|
Loss on disposal of fixed assets |
869.00 |
994.00 |
|
Foreign exchange losses |
4,046.00 |
0.00 |
|
Miscellaneous disbursements |
23,819.00 |
1,041.00 |
|
Non-operating expenses and losses |
83,053.00 |
30,460.00 |
|
Income from continuing operations before income tax |
442,496.00 |
427,336.00 |
|
Income tax expense (benefit) |
35,946.00 |
69,023.00 |
|
Income from continuing operations |
406,550.00 |
358,313.00 |
|
Net income (loss) |
406,550.00 |
358,313.00 |
|
Primary Earnings per Share |
|
|
|
Primary earnings per share |
1.21 |
1.02 |
|
Diluted earnings per share |
|
|
|
Diluted earnings per share |
1.21 |
1.02 |
(As of 2014.6, 1 NTD = 0.0331 USD)
|
Date |
2012 |
2011 |
|
Cash Flows from Operating Activities - Indirect Method |
|
|
|
Net Income (Loss) |
406,550.00 |
358,313.00 |
|
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities |
|
|
|
Depreciation Expense |
174,970.00 |
158,446.00 |
|
Amortization Expense |
145,029.00 |
146,376.00 |
|
Provision (Reversal of Provision) for Bad Debts Losses |
4,246.00 |
-14,694.00 |
|
Share-based Compensation |
4,004.00 |
0.00 |
|
Difference Between Net Pension Cost and Plan Contribution |
41,610.00 |
41,701.00 |
|
Loss (Gain) on Decline (Recovery) in Market Value, Scrap and Obsolescence of Inventories |
12,838.00 |
-2,998.00 |
|
Investment Loss (Income) Recognized under Equity Method |
-122,371.00 |
-110,845.00 |
|
Cash Dividends Received from Investments Accounted for under Equity Method |
14,365.00 |
85,765.00 |
|
Loss (Gain) on Disposal of Property, Plan and Equipment |
-136,641.00 |
-1,051.00 |
|
Loss (Gain) on Disposal of Investments |
18,742.00 |
5.00 |
|
Unrealized Gain (Loss) on Intercompany Transactions |
28,233.00 |
-15,777.00 |
|
Loss (Gain) on Deferred Income Tax |
-7,754.00 |
27,920.00 |
|
Changes in Operating Assets and Liabilities |
|
|
|
Decrease (Increase) in Notes Receivable |
-16,738.00 |
2,179.00 |
|
Decrease (Increase) in Accounts Receivable |
-608,017.00 |
-154,784.00 |
|
Decrease (Increase) in Other Receivables |
-17,988.00 |
34,959.00 |
|
Decrease (Increase) in Inventories |
-187,906.00 |
-150,873.00 |
|
Decrease (Increase) in Other Prepayments |
-46,881.00 |
-8,522.00 |
|
Decrease (Increase) in Other Current Assets |
-690.00 |
4,020.00 |
|
Increase (Decrease) in Notes Payable |
10,130.00 |
7,714.00 |
|
Increase (Decrease) in Accounts Payable |
-5,451.00 |
23,685.00 |
|
Increase (Decrease) in Income Tax Payable |
9,035.00 |
17,193.00 |
|
Increase (Decrease) in Accrued Expenses |
101,763.00 |
-22,735.00 |
|
Increase (Decrease) in Other Current Liabilities |
-18,401.00 |
15,491.00 |
|
Net Cash Provided by (Used in) Operating Activities |
-197,323.00 |
441,488.00 |
|
Cash Flows from Investing Activities |
|
|
|
Acquisition of Investments Accounted for by Equity Method |
-194,703.00 |
-157,660.00 |
|
Proceeds from Disposal of Investments Accounted for by Equity Method |
129,610.00 |
1,186.00 |
|
Proceeds from Capital Reduction of Investments Accounted for under Equity Method |
313,545.00 |
0.00 |
|
Purchase of Property, Plant and Equipment |
-1,064,773.00 |
-480,978.00 |
|
Proceeds from Disposal of Property, Plant and Equipment |
20,068.00 |
3,718.00 |
|
Decrease (Increase) in Refundable Deposits |
-12,925.00 |
5,491.00 |
|
Increase in Deferred Charges |
-135,915.00 |
-103,902.00 |
|
Net Cash Provided by (Used in) Investing Activities |
-945,093.00 |
-732,145.00 |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
-9,999.00 |
346,094.00 |
|
Increase (Decrease) in Short-term Notes and Bills Payable |
0.00 |
140,000.00 |
|
Proceeds from Long-term Debt |
1,897,900.00 |
540,000.00 |
|
Repayment of Long-term Debt |
-100,669.00 |
-244,899.00 |
|
Increase (Decrease) in Guarantee Deposits Received |
-4,549.00 |
-68.00 |
|
Increase (Decrease) in Payables |
-335,378.00 |
0.00 |
|
Increase (Decrease) in Other Liabilities |
-3,176.00 |
-17,675.00 |
|
Cash Dividends Paid |
-266,953.00 |
-282,154.00 |
|
Exercise of Employee Stock Options |
0.00 |
21,749.00 |
|
Purchase of Treasury Stock |
0.00 |
-255,388.00 |
|
Net Cash Provided by (Used in) Financing Activities |
1,177,176.00 |
247,659.00 |
|
Net Increase (Decrease) in Cash and Cash Equivalents |
34,760.00 |
-42,998.00 |
|
Cash and Cash Equivalents, Beginning of year |
90,765.00 |
133,763.00 |
|
Cash and Cash Equivalents, End of year |
125,525.00 |
90,765.00 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid- Excluding Capitalized Interest |
53,553.00 |
31,598.00 |
|
Income Tax Paid |
34,664.00 |
17,928.00 |
|
Non-cash Investing and Financing Activities |
|
|
|
Current Portion of Long-term Liabilities |
238,953.00 |
251,025.00 |
|
Others |
0.00 |
415,877.00 |
|
Investing Activities Affecting Both Cash and Non-cash Items |
|
|
|
Cash Paid for Acquisition of Property, Plant and Equipment |
|
|
|
Increase in Property, Plant and Equipment |
1,074,214.00 |
816,356.00 |
|
Increase (Decrease) in Payable for Equipment Purchased |
-9,441.00 |
-335,378.00 |
|
Cash Paid for Acquisition of Property, Plant and Equipment |
1,064,773.00 |
480,978.00 |
Subject declined to disclose its bank details and from other source we can not obtain the relevant information, either.
Mortgage
|
1 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
052647 |
|
Debtor Name: |
Sinon Corporation |
|
Document Number: |
474793 |
|
Date of Registration: |
1996/12/11 |
|
Status: |
Paid Off |
|
2 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
055938 |
|
Debtor Name: |
Sinon Corporation |
|
Document Number: |
995317 |
|
Date of Registration: |
1997/11/10 |
|
Status: |
Paid Off |
|
3 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
058273 |
|
Debtor Name: |
Sinon Corporation |
|
Document Number: |
825792 |
|
Date of Registration: |
1998/6/15 |
|
Status: |
Paid Off |
|
4 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
068799 |
|
Debtor Name: |
Sinon Corporation |
|
Document Number: |
580352 |
|
Date of Registration: |
2000/12/21 |
|
5 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
070387 |
|
Debtor Name: |
Sinon Corporation |
|
Document Number: |
09005097730 |
|
Date of Registration: |
2001/5/23 |
|
6 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
071503 |
|
Debtor Name: |
Sinon Corporation |
|
Document Number: |
09005150570 |
|
Date of Registration: |
2001/9/26 |
|
6 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
076804 |
|
Debtor Name: |
Sinon Corporation |
|
Document Number: |
09205147010 |
|
Date of Registration: |
2003/8/8 |
|
Status: |
Paid Off |
|
7 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
078121 |
|
Debtor Name: |
Sinon Corporation |
|
Document Number: |
09200508650 |
|
Date of Registration: |
2003/12/25 |
|
Status: |
Paid Off |
|
8 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
083002 |
|
Debtor Name: |
Sinon Corporation |
|
Document Number: |
09405091750 |
|
Date of Registration: |
2005/3/29 |
Lawsuit
|
1 |
|
|
Trial Number: |
2013,Zhongbu,319 |
|
Date of Trial: |
2013-2-8 |
|
Reason: |
Payment for damages and etc. |
|
2 |
|
|
Trial Number: |
2006,Zhonglaojian,75 |
|
Date of Trial: |
2006-12-14 |
|
Reason: |
Payment for severance pay |
|
3 |
|
|
Trial Number |
2006, Zhonglaojian,75 |
|
Trial Date |
|
|
Cause |
Payment of severance pay |
|
4 |
|
|
Trial Number |
2006,Zhonglaojian,75 |
|
Trial Date |
|
|
Cause |
Payment of severance pay |
|
5 |
|
|
Trial Number |
2006, Zhongjian,5857 |
|
Trial Date |
|
|
Cause |
Confirming that creditor's rights does not exist, etc |
|
6 |
|
|
Trial Number |
1996,Zhongjian,2084 |
|
Trial Date |
|
|
Cause |
Return of guarantee deposit and rent |
|
7 |
|
|
Trial Number |
1996,Zhongjian,2084 |
|
Trial Date |
|
|
Cause |
Return of guarantee deposit and rent |
|
8 |
|
|
Trial Number |
2003,Zhongjian ,1828 |
|
Trial Date |
|
|
Cause |
Payment of goods |
|
Name |
Ms. Yu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.01 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.81.25 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIS |
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.