|
Report Date : |
06.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED |
|
|
|
|
Formerly Known As : |
TAIWAN SEMICONDUCTOR MANUFACTURING COMAPNY LIMITED |
|
|
|
|
Registered Office : |
No.8, Li-Hsin Rd. 6, Hsinchu Science Park, Hsinchu |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
21.02.1987 |
|
|
|
|
Com. Reg. No.: |
22099131 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sale of integrated circuit |
|
|
|
|
No. of Employees : |
About 37,000 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 : |
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.8, Li-Hsin
Rd. 6, Hsinchu Science Park, Hsinchu, Taiwan, R.O.C. |
|
Supplied Address: |
No. 8, Li-Hsin
Rd. VI, Hsinchu Science Park, Hsinchu, 300-78, R. O. C. Taiwan |
|
Telephone Number: |
+886-3-563-6688 |
|
Fax Number: |
|
|
E-mail: |
|
|
Website: |
Notes: The exact name and address are as
above.
|
Registered Name: |
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY
LIMITED |
|
Registered Address: |
No.8, Li-Hsin Rd. 6, Hsinchu Science Park,
Hsinchu, Taiwan, R.O.C. |
|
Date of Foundation: |
1987-2-21 |
|
Registration Number: |
22099131 |
|
Registry: |
Science Park Administration |
|
Registered Capital: |
NTD 270,500,000,000
(USD 8,953,550,000) (As of 2014.05, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 259,286,171,400 (USD 8,582,372,273) |
|
Legal Representatives: |
Zhongmou Zhang |
|
Legal Form: |
|
|
Principal Activities: |
Manufacturing
and sale of integrated circuit |
|
Staff: |
|
|
Listed at Stock Exchange: |
Stock Symbol: TPE:2330; NYSE: TSM |
|
Date of Last Annual Return: |
Subject was incorporated
on 1987-2-21 with registered number 22099131
as Joint Stock Company in Taiwan.
Subject was listed on Taiwan Stock exchange on 1994-9-5 with stock
symbol: 2330.
Subject was listed on New York Stock exchange on 1997-10-8 with stock
symbol: TSM.
Change of Name
|
Former Chinese Name |
台灣積體電路製造股份有限公司第六廠 |
|
Current Chinese Name |
台灣積體電路製造股份有限公司 |
|
Former English Name |
Taiwan Semiconductor Manufacturing Comapny Limited |
|
Current English Name |
Taiwan Semiconductor Manufacturing Company Limited |
|
Name |
Subscription Shares |
|
Zhongmou Zhang |
125,137,914 |
|
Zhenrong Shi |
1,480,286 |
|
National Development Fund, Executive Yuan |
1,653,709,980 |
|
Fancheng Zeng |
34,472,675 |
The information above is that of subject’s major shareholders.
Factories
|
Manufacturing of 12-inch wafer |
|
|
1 |
|
|
Name |
Corporate Headquarters, Fab 12A |
|
Address |
No. 8, Li-Hsin Rd. VI, Hsinchu Science Park, Hsinchu, Taiwan 300-78,
R. O. C. |
|
+886-3-563-6688 |
|
|
Fax |
+886-3-563-7000 |
|
2 |
|
|
Name |
TSMC R&D Center, Fab 12B |
|
Address |
No.168, Park Ave. II, Hsinchu Science Park, Hsinchu, Taiwan 300-75,
R.O.C. |
|
+886-3-563-6688 |
|
|
Fax |
+886-3-668-7827 |
|
3 |
|
|
Name |
Fab 14 |
|
Address |
1-1, Nan-Ke North Rd., Tainan Science Park, Tainan, Taiwan 741-44,
R.O.C |
|
+886-6-505-6688 |
|
|
Fax |
+886-6-505-1262 |
|
4 |
|
|
Name |
Factory 15 |
|
Address |
No.1, Keya 6th Rd., Daya Dist., Taichung City, Taiwan 428, R.O.C. |
|
+886-4-2702-6688 |
|
|
Fax |
+886-4-2560-7548 |
|
Manufacturing of 8-inch wafer |
|
|
1 |
|
|
Name |
Fab 3 |
|
Address |
No. 9, Creation Rd. I, Hsinchu Science Park, Hsinchu, Taiwan 300-77,
R.O.C. |
|
+ 886-3-563-6688 |
|
|
Fax |
+886-3-578-1548 |
|
2 |
|
|
Name |
Fab 5 |
|
Address |
No. 121 Park Ave. III, Hsinchu Science Park, Hsinchu, Taiwan 300-77,
R.O.C. |
|
+886-3-563-6688 |
|
|
Fax |
+886-3-578-1546 |
|
3 |
|
|
Name |
Fab 6 |
|
Address |
No. 1, Nan-Ke North Rd., Tainan Science Park, Tainan, Taiwan 741-44,
R.O.C. |
|
+886-6-505-6688 |
|
|
Fax |
+886-6-505-2058 |
|
4 |
|
|
Name |
Fab 8 |
|
Address |
No. 25, Li-Hsin Rd., Hsinchu Science Park Hsinchu, Taiwan 300-78,
R.O.C. |
|
+886-3-563-6688 |
|
|
Fax |
+886-3-566-2051 |
|
5 |
|
|
Name |
TSMC China Company Limited, Fab 10 |
|
Address |
4000, Wen Xiang Rd., Songjiang, Shanghai City, China |
|
+86-21-5776-8000 |
|
|
Fax |
+86-21-5776-6363 |
|
6 |
|
|
Name |
WaferTech L.L.C., Fab 11 |
|
Address |
5509 N.W. Parker Street Camas, WA 98607-9299 U.S.A. |
|
+1-360-817-3000 |
|
|
Fax |
+1-360-817-3590 |
|
7 |
|
|
Name |
SSMC (TSMC-NXP JV) |
|
Address |
70 Pasir Ris Drive 1, Singapore 519527 |
|
Fax |
+65 6248-7606 |
|
Manufacturing of 6-inch wafer |
|
|
1 |
|
|
Name |
Fab 2 |
|
Address |
No. 121 Park Ave. III, Hsinchu Science Park, Hsinchu, Taiwan 300-77,
R.O.C. |
|
Manufacturing of backend |
|
|
1 |
|
|
Name |
Advanced Backend Fab 1 |
|
Address |
No. 6, Creation Rd. II, Hsinchu Science Park, Hsinchu, Taiwan 300-77,
R.O.C. |
|
2 |
|
|
Name |
Advanced Backend Fab 2 |
|
Address |
No. 1, Nan-Ke North Rd., Tainan Science Park, Tainan, Taiwan 741-44,
R.O.C. |
|
Tel |
+886-6-505-6688 |
|
Fax |
+886-6-505-2058 |
Related Companies
|
1 |
|
|
Name |
TSMC North America |
|
Address |
2585 Junction Avenue, San Jose, CA 95134, U.S.A. |
|
Tel |
+1-408-382-8000 |
|
Fax |
+1-408-382-8008 |
|
2 |
|
|
Name |
TSMC Europe B.V. |
|
Address |
World Trade Center, Zuidplein 60, 1077 XV, Amsterdam, The Netherlands |
|
Tel |
+31-20-305-9900 |
|
Fax |
+31-20-305-9911 |
|
3 |
|
|
Name |
TSMC Japan Limited |
|
Address |
21F Queen's Tower C, 2-3-5, Minatomirai, Nishi-ku, Yokohama, Kanagawa,
220-6221, Japan |
|
Tel |
+81-45-6820670 |
|
Fax |
+81-45-6820673 |
|
4 |
|
|
Name |
TSMC Korea Limited |
|
Address |
15F, AnnJay Tower, 718-2, Yeoksam-dong, Gangnam-gu, Seoul 135-080,
South Korea |
|
Tel |
+82-2-2051-1688 |
|
Fax |
+82-2-2051-1669 |
|
5 |
|
|
Name |
TSMC India Liaison Office |
|
Address |
1st Floor, Pine Valley, Embassy Golf-Links Business Park, Bangalore - 560071,
India |
|
6 |
|
|
Name |
TSMC Design Technology Canada Inc. |
|
Address |
535 Legget Dr, Suite 600, Kanata, ON K2K 3B8, Canada |
|
Tel |
+82-2-2051-1688 |
|
Fax |
+ 82-2-2051-1669 |
Core Management
Directors
|
1 |
|
|
Name |
Zhongmou Zhang |
|
Position |
Chairman of the Board |
|
2 |
|
|
Name |
Zhenrong Shi |
|
Position |
Independent Director |
|
3 |
|
|
Name |
Zhongxi Li |
|
Position |
Director |
|
4 |
|
|
Name |
Fancheng Zeng |
|
Position |
Director |
|
5 |
|
|
Name |
Peter Leahy Bonfield |
|
Position |
Independent Director |
|
6 |
|
|
Name |
Thomas J. Engibous |
|
Position |
Independent Director |
|
7 |
|
|
Name |
Zhizhuang Zou |
|
Position |
Independent Director |
|
8 |
|
|
Name |
Guoci Chen |
|
Position |
Independent Director |
|
9 |
|
|
Name |
Zhejia Wei |
|
Position |
Manager |
|
Date of Appointment |
1998-3-3 |
|
10 |
|
|
Name |
Deyin Liu |
|
Position |
Manager |
|
Date of Appointment |
1999-5-11 |
|
11 |
|
|
Name |
Mengchao Zeng |
|
Position |
Manager |
|
Date of Appointment |
2001-8-7 |
|
12 |
|
|
Name |
Dongyou Du |
|
Position |
Manager |
|
Date of Appointment |
2002-2-8 |
|
13 |
|
|
Name |
Limei He |
|
Position |
Manager |
|
Date of Appointment |
2003-9-8 |
|
14 |
|
|
Name |
Weiren Luo |
|
Position |
Manager |
|
Date of Appointment |
2004-8-10 |
|
15 |
|
|
Name |
Dachuan Zuo |
|
Position |
Manager |
|
Date of Appointment |
2004-11-2 |
|
16 |
|
|
Name |
Yuancheng Sun |
|
Position |
Manager |
|
Date of Appointment |
2006-5-16 |
|
17 |
|
|
Name |
Yongpei Qin |
|
Position |
Manager |
|
Date of Appointment |
2008-2-19 |
|
18 |
|
|
Name |
Nengxian Cai |
|
Position |
Manager |
|
Date of Appointment |
2008-2-19 |
|
19 |
|
|
Name |
Richard B. Cassidy II |
|
Position |
Manager |
|
Date of Appointment |
2008-11-11 |
|
20 |
|
|
Name |
Zhongping Sun |
|
Position |
Manager |
|
Date of Appointment |
2010-8-10 |
|
21 |
|
|
Name |
Jinkun Lin |
|
Position |
Manager |
|
Date of Appointment |
2010-8-10 |
|
22 |
|
|
Name |
Jianguang Wang |
|
Position |
Manager |
|
Date of Appointment |
2010-8-10 |
|
23 |
|
|
Name |
Benjian Lin |
|
Position |
Manager |
|
Date of Appointment |
2011-2-15 |
|
24 |
|
|
Name |
Yuejie Mi |
|
Position |
Manager |
|
Date of Appointment |
2011-8-9 |
|
25 |
|
|
Name |
Yongqing Hou |
|
Position |
Manager |
|
Date of Appointment |
2011-8-9 |
|
26 |
|
|
Name |
Pingzhong Jin |
|
Position |
Manager |
|
Date of Appointment |
2013-11-12 |
Personnel
Structure
|
Total Employees |
About 37,000 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.8, Li-Hsin Rd. 6, Hsinchu Science Park, Hsinchu, Taiwan, R.O.C. |
Production
Information
·
Subject is engaged in manufacturing of integrated circuit
·
Subject obtained the certifications of ISO 9001
(1993), Ford Q1 (1995), QS 9000 (1998), ISO/TS 16949, and IECQ QC 080000
(2006).
·
Subject has factories in
Taiwan, Mainland China, and USA for production and the details information are
as followed for reference.
Unit: Piece
|
Name |
Wafer Size |
2012 Annual Production Capacity |
|
Fab-2 |
6” |
1,012 |
|
Fab-3 |
8” |
281 |
|
Fab-5 |
147 |
|
|
Fab-6 |
8” |
299 |
|
Fab-8 |
8” |
260 |
|
Fab-12 |
12” |
366 |
|
Fab-14 |
12” |
546 |
|
Fab-15 |
12” |
164 |
|
WaferTech |
8” |
109 |
|
TSMC China |
8” |
226 |
(8" Equivalent Key Product Characteristics)
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
CC01090 |
Manufacturing of battery |
|
CC01040 |
Manufacturing of lighting equipment |
|
IG03010 |
Energy technology services |
|
-- |
Manufacturing and sale of IC and other wafer semiconductor devices
according to customers’ order |
|
-- |
Providing packaging and testing services of above items |
|
-- |
Providing computer aided design technology service |
|
-- |
Providing reticle and design service |
|
-- |
Research, development, design and manufacturing of LED, lighting
equipment and its related products and systems |
|
-- |
Research, development, design and manufacturing of renewable energy
sources and energy conservation related products, include solar cell, solar
energy module and its related products and systems |
The raw materials for production are purchased from both home and
abroad.
·
Subject is engaged in sale of integrated circuit
·
It is introduced that
subject is the biggest wafer foundry company in the world.
·
Subject’s sales regions include domestic market,
Japan, South Korea, India, Southeast, Asia, US, North America, and Europe
·
The products sold by subject are applied to
computer products, communication products, and consume electrical products
·
Subject’s major customers include Broadcom,
Qualcomm, NVIDIA, MARVEL, XILINX, ALTERA, and NXP
·
Subject’s major competitors in Taiwan are UMC and
VIS.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic
Purchase
|
Terms |
Proportion |
|
|
Raw materials |
Cash, T/T |
100% |
Foreign
Purchase
|
Terms |
Proportion |
|
|
Raw materials |
L/C, T/T |
100% |
Sales
Domestic
Markets (Taiwan and Mainland China)
|
Terms |
Proportion |
|
|
Integrated circuit |
Cash, T/T |
100% |
Export
|
Terms |
Proportion |
|
|
Integrated circuit |
L/C, T/T |
100% |
Unit: NTD/000
|
|
2012-12-31 |
2011-12-31 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
109,150,810.00 |
85,262,521.00 |
|
Financial assets measured at fair value through profit or loss -
current |
38,824.00 |
14,925.00 |
|
Available-for-sale financial assets - current |
1,845,052.00 |
2,617,134.00 |
|
Held-to-maturity financial assets - current |
701,146.00 |
701,136.00 |
|
Accounts receivable - net |
9,519,656.00 |
14,521,387.00 |
|
Accounts receivable - related parties - net |
40,987,444.00 |
24,777,534.00 |
|
Other receivables - related parties |
274,963.00 |
188,028.00 |
|
Other financial assets - current |
175,261.00 |
122,010.00 |
|
Inventories |
35,296,391.00 |
22,853,397.00 |
|
Other current assets |
9,825,793.00 |
7,505,280.00 |
|
Current assets |
207,815,340.00 |
158,563,352.00 |
|
Funds and Investments |
|
|
|
Held-to-maturity financial assets - non current |
0.00 |
702,291.00 |
|
Financial assets carried at cost - non current |
483,759.00 |
497,835.00 |
|
Equity investments under equity method |
139,264,161.00 |
128,200,718.00 |
|
Investments |
139,264,161.00 |
128,200,718.00 |
|
Funds and long-term investments |
139,747,920.00 |
129,400,844.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Buildings and structures |
173,344,932.00 |
149,495,478.00 |
|
Machinery and equipment |
1,202,761,097.00 |
984,978,666.00 |
|
Office equipment |
16,683,484.00 |
13,824,434.00 |
|
Fixed assets cost |
1,392,789,513.00 |
1,148,298,578.00 |
|
Accumulated depreciation |
-924,961,566.00 |
-804,740,797.00 |
|
Construction in process and prepayment for equipments |
118,775,347.00 |
110,815,752.00 |
|
Fixed assets |
586,603,294.00 |
454,373,533.00 |
|
Intangible Assets |
|
|
|
Goodwill |
1,567,756.00 |
1,567,756.00 |
|
Other intangible assets |
4,882,081.00 |
4,719,244.00 |
|
Intangible assets |
6,449,837.00 |
6,287,000.00 |
|
OtherAssets |
|
|
|
Guarantee deposits paid |
2,394,826.00 |
4,491,735.00 |
|
Deferred income tax assets - non current |
2,244,947.00 |
7,221,824.00 |
|
Other assets - other |
917,019.00 |
1,069,586.00 |
|
Other assets |
5,556,792.00 |
12,783,145.00 |
|
Assets |
946,173,183.00 |
761,407,874.00 |
|
Liabilities and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Short-term borrowings |
34,714,929.00 |
25,926,528.00 |
|
Financial liabilities measured at fair value through profit or loss -
current |
6,274.00 |
0.00 |
|
Accounts payable |
13,392,221.00 |
9,522,688.00 |
|
Accounts payable - related parties |
3,230,342.00 |
2,992,582.00 |
|
Income tax payable |
15,196,399.00 |
10,647,797.00 |
|
Accrued expenses |
16,698,014.00 |
13,057,161.00 |
|
Other payables |
55,557,699.00 |
42,867,674.00 |
|
Long-term liabilities - current portion |
0.00 |
4,500,000.00 |
|
Current liabilities |
138,795,878.00 |
109,514,430.00 |
|
Long term Liabilities |
|
|
|
Bonds payable |
80,000,000.00 |
18,000,000.00 |
|
Long-term notes and accounts payable |
54,000.00 |
0.00 |
|
Long-term liabilities |
80,054,000.00 |
18,000,000.00 |
|
Reserves |
|
|
|
Other Liabilities |
|
|
|
Pension reserve / accrued pension liability |
3,926,276.00 |
3,860,898.00 |
|
Guarantee deposits received |
199,315.00 |
439,032.00 |
|
Other liabilities |
4,125,591.00 |
4,299,930.00 |
|
Liabilities |
222,975,469.00 |
131,814,360.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common stock |
259,244,357.00 |
259,162,226.00 |
|
Capital Surplus |
|
|
|
Capital surplus - additional paid-in capital |
32,827,454.00 |
32,667,097.00 |
|
Capital surplus - donated assets received |
55.00 |
55.00 |
|
Capital surplus - long-term equity investments |
505,790.00 |
374,695.00 |
|
Capital surplus - premium from merger |
22,804,510.00 |
22,804,510.00 |
|
Capital surplus |
56,137,809.00 |
55,846,357.00 |
|
Retained Earnings |
|
|
|
Legal reserve |
115,820,123.00 |
102,399,995.00 |
|
Special reserve |
7,606,224.00 |
6,433,874.00 |
|
Unappropriated retained earnings |
287,174,942.00 |
213,357,286.00 |
|
Retained earnings |
410,601,289.00 |
322,191,155.00 |
|
Stockholders' Equity and Other adjustment |
|
|
|
Cumulative translation adjustments |
-10,753,763.00 |
-6,433,369.00 |
|
Net loss not recognized as pension cost |
-5,299.00 |
0.00 |
|
Unrealized gains (losses) on financial instruments |
7,973,321.00 |
-1,172,855.00 |
|
Equity adjustments |
-2,785,741.00 |
-7,606,224.00 |
|
Stockholdersˉ equity |
723,197,714.00
(USD23,937,844,333.40) |
629,593,514.00 (USD 20,839,545,313.40) |
|
Number of treasury stock acquired by the company and subsidiaries
(unit: share) |
0.00 |
0.00 |
|
|
0.00 |
0.00 |
(As of 2014.05, 1 NTD = 0.0331 USD)
Unit: NTD/000
|
|
2012-1-1~2012-12-31 |
2011-1-1~2011-12-31 |
|
Sales |
506,697,738.00 (USD 16,771,695,127.80) |
421,472,087.00 (USD 13,950,726,079.70) |
|
Sales returns |
6,825,851.00 |
3,226,594.00 |
|
Sales |
499,871,887.00 |
418,245,493.00 |
|
Operating income |
499,871,887.00 |
418,245,493.00 |
|
Cost of sales |
265,538,540.00 |
233,083,068.00 |
|
Operating costs |
265,538,540.00 |
233,083,068.00 |
|
Gross profit (loss) from operations |
234,333,347.00 |
185,162,425.00 |
|
Unrealized gains on intercompany transactions |
25,029.00 |
0.00 |
|
Realized gains on intercompany transactions |
0.00 |
398,440.00 |
|
Selling expense |
2,388,243.00 |
2,345,729.00 |
|
General and administrative expenses |
16,330,060.00 |
12,715,339.00 |
|
Research and development expenses |
38,788,245.00 |
31,594,034.00 |
|
Operating expenses |
57,506,548.00 |
46,655,102.00 |
|
Operating income (loss) |
176,801,770.00 |
138,905,763.00 |
|
Non-Operating Income |
|
|
|
Interest income |
867,227.00 |
697,196.00 |
|
Income from long-term equity investments under the equity method |
8,127,748.00 |
3,778,083.00 |
|
Investment income |
8,127,748.00 |
3,778,083.00 |
|
Revaluation gain on financial assets |
0.00 |
801,195.00 |
|
Miscellaneous income |
2,193,102.00 |
2,010,572.00 |
|
Non-operating revenues and gains |
11,188,077.00 |
7,287,046.00 |
|
Non-Operating Expenses |
|
|
|
Interest expense |
945,114.00 |
445,887.00 |
|
Loss on disposal of fixed assets |
146,647.00 |
202,901.00 |
|
Foreign exchange losses |
0.00 |
673,085.00 |
|
Impairment loss on assets |
3,095,859.00 |
0.00 |
|
Miscellaneous disbursements |
172,279.00 |
163,092.00 |
|
Non-operating expenses and losses |
4,359,899.00 |
1,484,965.00 |
|
Income from continuing operations before income tax |
183,629,948.00 |
144,707,844.00 |
|
Income tax expense (benefit) |
17,471,146.00 |
10,506,565.00 |
|
Income from continuing operations |
166,158,802.00 |
134,201,279.00 |
|
Net income (loss) |
166,158,802.00 (USD 5,499,856,346.20) |
134,201,279.00 (USD 4,442,062,334.90) |
|
Primary Earnings per Share |
|
|
|
Primary earnings per share |
6.41 |
5.18 |
|
Diluted earnings per share |
|
|
|
Diluted earnings per share |
6.41 |
5.18 |
(As of 2014.05, 1 NTD = 0.0331 USD)
Unit: NTD/000
|
|
2012-1-1~2012-12-31 |
2011-1-1~2011-12-31 |
|
Cash Flows from Operating Activities - Indirect Method |
|
|
|
Net Income (Loss) |
166,158,802.00 |
134,201,279.00 |
|
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in)
Operating Activities |
|
|
|
Depreciation Expense |
122,377,815.00 |
100,773,079.00 |
|
Amortization Expense |
2,022,064.00 |
2,152,344.00 |
|
Amortization of Premiums (Discounts) on Financial Assets |
2,281.00 |
9,860.00 |
|
Investment Loss (Income) Recognized under Equity Method |
-8,127,748.00 |
-3,778,083.00 |
|
Cash Dividends Received from Investments Accounted for under Equity
Method |
1,688,878.00 |
2,941,548.00 |
|
Loss (Gain) on Disposal of Property, Plant and Equipment |
6,177.00 |
-34,307.00 |
|
Loss (Gain) on Disposal of Other Assets |
119,311.00 |
134,191.00 |
|
Loss (Gain) on Disposal of Investments |
-110,365.00 |
-35,151.00 |
|
Impairment Losses on Financial Asset |
2,677,529.00 |
0.00 |
|
Impairment Loss on Non-Financial Assets |
418,330.00 |
0.00 |
|
Unrealized Gain (Loss) on Intercompany Transactions |
25,029.00 |
0.00 |
|
Realized Loss (Gain) on Intercompany Transactions |
0.00 |
-398,440.00 |
|
Loss (Gain) on Deferred Income Tax |
2,618,657.00 |
-493,026.00 |
|
Changes in Operating Assets and Liabilities |
|
|
|
Decrease (Increase) in Financial Assets Held for Trading |
-17,625.00 |
-22,759.00 |
|
Decrease (Increase) in Accounts Receivable |
5,001,731.00 |
-99,926.00 |
|
Decrease (Increase) in Accounts Receivable - Related Parties |
-16,209,910.00 |
956,440.00 |
|
Decrease (Increase) in Other Receivable- Related Parties |
-89,347.00 |
-38,049.00 |
|
Decrease (Increase) in Inventories |
-12,442,994.00 |
2,775,646.00 |
|
Decrease (Increase) in Other Current Assets |
-371,593.00 |
-382,852.00 |
|
Decrease (Increase) in Other Financial Assets |
-53,251.00 |
138,196.00 |
|
Increase (Decrease) in Accounts Payable |
1,361,012.00 |
-1,805,422.00 |
|
Increase (Decrease) in Accounts Payable - Related Parties |
-67,770.00 |
418,132.00 |
|
Increase (Decrease) in Income Tax Payable |
4,548,602.00 |
3,538,928.00 |
|
Increase (Decrease) in Accrued Expenses |
3,556,824.00 |
-410,047.00 |
|
Increase (Decrease) in Other Current Liabilities |
2,130,887.00 |
-1,903,765.00 |
|
Increase (Decrease) in Accrued Pension Liabilities |
65,378.00 |
96,880.00 |
|
Net Cash Provided by (Used in) Operating Activities |
277,288,704.00 |
238,734,696.00 |
|
Cash Flows from Investing Activities |
|
|
|
Proceeds from Disposal of Available-for-sale Financial Assets |
612,834.00 |
1,035,151.00 |
|
Repayments of Held-to-maturity Financial Assets |
700,000.00 |
4,789,000.00 |
|
Acquisition of Financial Assets Carried at Cost |
-1,093.00 |
0.00 |
|
Proceeds from Disposal of Financial Assets Carried at Cost |
14,900.00 |
0.00 |
|
Acquisition of Investments Accounted for by Equity Method |
-2,259,244.00 |
-7,390,883.00 |
|
Proceeds from Capital Reduction of Investments Accounted for under Equity
Method |
587,902.00 |
320,013.00 |
|
Purchase of Property, Plant and Equipment |
-242,063,668.00 |
-202,757,541.00 |
|
Proceeds from Disposal of Property, Plant and Equipment |
84,984.00 |
4,649,831.00 |
|
Proceeds from Disposal of Rental Assets and Idle Assets |
9,000.00 |
247.00 |
|
Decrease (Increase) in Refundable Deposits |
2,096,909.00 |
4,147,014.00 |
|
Increase in Deferred Charges |
-1,743,043.00 |
-1,658,296.00 |
|
Decrease (Increase) in Other Assets |
17,600.00 |
27,600.00 |
|
Other Investing Activities |
0.00 |
-1,270,340.00 |
|
Net Cash Provided by (Used in) Investing Activities |
-241,942,919.00 |
-198,108,204.00 |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
8,788,401.00 |
-4,982,109.00 |
|
Proceeds from Issuance of Bonds |
62,000,000.00 |
18,000,000.00 |
|
Repayments of Bonds |
-4,500,000.00 |
0.00 |
|
Increase (Decrease) in Guarantee Deposits Received |
-239,717.00 |
-308,855.00 |
|
Cash Dividends Paid |
-77,748,668.00 |
-77,730,236.00 |
|
Exercise of Employee Stock Options |
242,488.00 |
217,697.00 |
|
Purchase of Treasury Stock |
0.00 |
-71,598.00 |
|
Net Cash Provided by (Used in) Financing Activities |
-11,457,496.00 |
-64,875,101.00 |
|
Net Increase (Decrease) in Cash and Cash Equivalents |
23,888,289.00 |
-24,248,609.00 |
|
Cash and Cash Equivalents, Beginning of year |
85,262,521.00 |
109,511,130.00 |
|
Cash and Cash Equivalents, End of year |
109,150,810.00 |
85,262,521.00 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid |
670,165.00 |
369,085.00 |
|
Interest Paid- Excluding Capitalized Interest |
670,165.00 |
369,085.00 |
|
Income Tax Paid |
10,312,114.00 |
7,454,386.00 |
|
Non-cash Investing and Financing Activities |
|
|
|
Current Portion of Long-term Liabilities |
59,000.00 |
0.00 |
|
Current Portion of Bonds Payable |
0.00 |
4,500,000.00 |
|
Property, Plant and Equipment Transferred to Idled Assets |
418,330.00 |
0.00 |
|
Other Supplemental Information |
|
|
|
Acquisition of property, plant and equipment |
255,108,068.00 |
195,932,728.00 |
|
Increase in payables to contractors and equipment suppliers |
-12,764,075.00 |
6,827,106.00 |
|
Increase in payables to related
parties |
-280,256.00 |
0.00 |
|
Nonmonetary exchange trade-out price |
-69.00 |
-2,293.00 |
|
Cash paid |
242,063,668.00 |
202,757,541.00 |
|
Disposal of property, plant and equipment and other assets |
91,641.00 |
3,370,165.00 |
|
Decrease in other receivables from related parties |
2,412.00 |
1,124,206.00 |
|
Decrease in other financial assets |
0.00 |
158,000.00 |
|
Nonmonetary exchange trade-out
price |
-69.00 |
-2,293.00 |
|
Cash received |
93,984.00 |
4,650,078.00 |
|
Acquisition of deferred charges |
2,184,901.00 |
1,658,296.00 |
|
Increase in accounts payable |
-303,584.00 |
0.00 |
|
Increase in payables to related
parties |
-25,274.00 |
0.00 |
|
Increase in other long-term payables |
-113,000.00 |
0.00 |
|
Cash paid |
1,743,043.00 |
1,658,296.00 |
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
|
1 |
|
|
2014, Laosu, 10 |
|
|
Date of Trial: |
2014-4-17 |
|
Reason: |
To confirm the employment relationship
existence |
|
Claimant: |
Taiwan Semiconductor Manufacturing Company
Limited |
|
Defendant: |
Yanzhang Chen |
|
2 |
|
|
Trial Number: |
2012, Laosu,5 |
|
Date of Trial: |
2012-8-10 |
|
Reason: |
To confirm the employment relationship
existence |
|
3 |
|
|
Trial Number: |
2010,Chonglaosu,1 |
|
Date of Trial: |
2010-7-13 |
|
Reason: |
Compensation for damages |
|
4 |
|
|
Trial Number: |
2010,Chonglaosu,1 |
|
Date of Trial: |
2010-6-11 |
|
Reason: |
Compensation for damages |
|
5 |
|
|
Trial Number: |
2008,Chongsu,153 |
|
Date of Trial: |
2009-7-24 |
|
Reason: |
Pay for project funds |
|
6 |
|
|
Trial Number: |
2006,Chongsu,11 |
|
Date of Trial: |
2009-3-11 |
|
Reason: |
Pay for electric charge |
|
7 |
|
|
Trial Number: |
2008,Bu,827 |
|
Date of Trial: |
2008-9-5 |
|
Reason: |
Pay for project funds |
|
8 |
|
|
Trial Number: |
2005,Chongsu,133 |
|
Date of Trial: |
2007-2-6 |
|
Reason: |
Request for the mortgage registration |
|
9 |
|
|
Trial Number: |
2005,Chongsu,133 |
|
Date of Trial: |
2006-11-30 |
|
Reason: |
Request for the mortgage registration |
|
10 |
|
|
Trial Number: |
2005,Bu,563 |
|
Date of Trial: |
2005-8-25 |
|
Reason: |
Request for the mortgage registration |
|
11 |
|
|
Trial Number: |
2004, Jianshang,22 |
|
Date of Trial: |
2004-11-17 |
|
Reason: |
Request for stock transfer |
|
Name |
Mr. Zhang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.05 |
|
|
1 |
Rs.101.32 |
|
Euro |
1 |
Rs.83.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.