|
Report Date : |
15.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
NAN YA PLASTICS CORPORATION |
|
|
|
|
Registered Office : |
No.35-1, Jhongshan 3rd Rd., Cianjhen District, Kaohsiung City 806 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
22.08.1958 |
|
|
|
|
Com. Reg. No.: |
75370905 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of chemical
products, plastic products, fiber products, electronic materials and
petrochemical products |
|
|
|
|
No. of Employees : |
About 12,000 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.35-1,
Jhongshan 3rd Rd., Cianjhen District, Kaohsiung City 806, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2 2712-2211 |
|
Fax Number: |
|
|
E-mail: |
|
|
Website: |
Notes: We contacted with the subject through
the telephone number +886-2 2712-2211, subject introduced that the supplied
address is address of its Taipei Branch, and the exact address is as above.
|
Registered Name: |
NAN YA PLASTICS CORPORATION |
|
Registered Address: |
No.35-1, Jhongshan 3rd Rd., Cianjhen
District, Kaohsiung City 806, Taiwan (R.O.C.) |
|
Date of Foundation: |
1958-8-22 |
|
Registration Number: |
75370905 |
|
Registry: |
Department of Commerce,
Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD
79,308,215,890 (USD 2,656,825,232) (As of 2013.12, 1 NTD = 0.0339 USD) |
|
Paid-up Capital: |
NTD 79,308,215,890 (USD 2,656,825,232) |
|
Legal Representatives: |
Jiazhao Wu |
|
Legal Form: |
|
|
Principal Activities: |
Manufacturing
and sales of chemical products, plastic products, fiber products, electronic materials
and petrochemical products |
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated
on
Subject was listed on Taiwan Stock Exchange on
1967-11-5.
|
Name |
Subscription Shares |
|
Jiazhao Wu |
79,030 |
|
Wenyuan Wang |
628,829 |
|
Formosa Petrochemical Corporation |
179,214,423 |
|
Ruiyu Wang |
19,052,421 |
|
Yunpeng Zhu |
1,199 |
|
Qinren Wu |
67,413 |
|
Guiyun Wang |
11,613,271 |
|
Formosa Chemicals & Fibre Corp. |
413,327,750 |
|
Mingren Zou |
188,742 |
|
Fengqin Lin |
25,458 |
|
Yuanshan Liu |
52,645 |
|
Richun Jian |
303,377 |
|
Fu Lin Investment Co., Ltd (Liberal Translation) |
3,287,472 |
|
Formosa Plastics Corporation |
783,260,376 |
|
Deyao Chen |
293 |
The information above is that of subject’s major shareholders.
Shareholder Information:
|
1 |
|
|
Registered Name: |
Formosa Plastics Corporation |
|
Registered Address: |
No.39, Chung Shan 3rd Rd., Kaohsiung City,
Taiwan, R.O.C. |
|
Date of Foundation: |
1954-11-5 |
|
Registration Number: |
75708007 |
|
Registry: |
Department of Commerce, Ministry of Economic
Affairs, R.O.C. |
|
Registered Capital: |
NTD 63,657,407,810 (USD 213,523,162 ) (As of 2013.12, 1 NTD = 0.0335 USD) |
|
Paid-up Capital: |
NTD 63,657,407,810 (USD 213,523,162 ) |
|
Legal Representatives: |
Zhicun Li |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-8-6 |
|
Telephone Number: |
+886-2-27122211 |
|
Fax Number: |
+886-2-27175287 |
|
2 |
|
|
Registered Name: |
Fu Lin Investment Co., Ltd (Liberal Translation) |
|
Registered Address: |
1F., No.103, Sec. 2, Ziyou Rd., Central
Dist., Taichung City, Taiwan (R.O.C.) |
|
Date of Foundation: |
2006-1-12 |
|
Registration Number: |
28075924 |
|
Registry: |
Taichung City Government |
|
Registered Capital: |
NTD 454,450,000 (USD 15,224,075) (As of 2013.12, 1 NTD = 0.0335 USD) |
|
Legal Representatives: |
Wen Zhang |
|
Legal Form: |
Private Limited Liability Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2009-8-14 |
|
3 |
|
|
Registered Name: |
Formosa Chemicals & Fibre Corp. |
|
Registered Address: |
No. 359, Chungshan Road, Sec. 3, Chang Hwa
City, Chang Hwa County, Taiwan, R.O.C. |
|
Date of Foundation: |
1965-3-5 |
|
Registration Number: |
58650902 |
|
Registry: |
Department of Commerce, Ministry of Economic
Affairs, R.O.C. |
|
Registered Capital: |
NTD 58,611,862,910 (USD 1,963,497,407) (As of 2013.12, 1 NTD = 0.0335 USD) |
|
Paid-up Capital: |
NTD 58,611,862,910 (USD 1,963,497,407) |
|
Legal Representatives: |
Wenyuan Wang |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-8-15 |
|
Telephone Number: |
+886-2-2712-2211 |
|
Fax Number: |
+886-2-2713-3229 |
|
4 |
|
|
Registered Name: |
Formosa Petrochemical Corporation |
|
Registered Address: |
No.1-1,Formosa Plastic Group Industrial
Zone,Mai-Liao Township, Yunlin County,Taiwan,R.O.C. |
|
Date of Foundation: |
1992-4-6 |
|
Registration Number: |
86522210 |
|
Registry: |
Department of Commerce, Ministry of Economic
Affairs, R.O.C. |
|
Registered Capital: |
NTD 95,259,596,520 (USD 3,191,196,483) (As of 2013.12, 1 NTD = 0.0335 USD) |
|
Paid-up Capital: |
NTD 95,259,596,520 (USD 3,191,196,483) |
|
Legal Representatives: |
Baolang Chen |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-6-25 |
|
Telephone Number: |
+886-2-2712-2211 |
|
Fax Number: |
+886-2-2718-6296 |
Related Companies
|
1 |
|
|
Name |
Nan Ya Technology Corporation |
|
Address |
Hwa Ya Technology Park, 669, Fu Hsing 3rd Rd., Kueishan, Taoyuan 333,
Taiwan |
|
Tel |
+886-3-328-1688 |
|
Fax |
+886-3-396-0997 |
|
2 |
|
|
Name |
Inotera Memories Inc |
|
Address |
667, Fuhsing 3rd Rd, Hwa-Ya Technology Park, Kueishan, Taoyuan 333,
Taiwan |
|
Tel |
+886-3-327-2988 |
|
3 |
|
|
Name |
Nan Ya Printed Circuit Board Corp |
|
Address |
No.338, Sec.1 Nankan Rd., Luchu Hsiang, Taoyuan County, Taiwan |
|
Tel |
+886-3-322-3751 |
|
4 |
|
|
Name |
Nan Ya Plastic Corporation America |
|
Address |
9 Peach Tree Hill Road, Livingston, NJ 07039 |
|
Tel |
+1-973-992-2090 |
|
Fax |
+1-973-716-7470 |
|
5 |
|
|
Name |
Nan Ya Photonics Inc. |
|
Address |
No. 55, Wei Wang St., Shu-Lin, Taipei County, Taiwan238, R.O.C. |
|
Tel |
+886-2-2680-6311 |
|
Fax |
+886-2-2680-9611 |
Factories
|
1 |
|
|
Name: |
Kaohsiung Plant |
|
Address: |
No.35-1, Jhongshan 3rd Rd., Cianjhen
District, Kaohsiung City 806, Taiwan (R.O.C.) |
|
Date of Foundation: |
1957-7-9 |
|
Date of Registration: |
1959-1-1 |
|
Factory Registration Number: |
64000002 |
|
Factory Manager: |
Zongyang Su |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2009-10-16 |
|
Major Products: |
184 Synthetic resin, plastic and rubber 220 Plastic-rubber products 283 Electric wire and wiring accessories |
|
2 |
|
|
Name: |
Tai Ran Plant |
|
Address: |
No.57, Weiwang Street, Shu Lin Distict, New Taipei Taiwan (R.O.C.) |
|
Date of Foundation: |
1969-1-1 |
|
Date of Registration: |
1978-5-15 |
|
Factory Registration Number: |
99601027 |
|
Factory Manager: |
Jianfa Weng |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-9-23 |
|
Major Products: |
114 Printing and dyeing finishing |
Branch Companies
|
1 |
|
|
Name |
Mai Liao Branch |
|
Registered Address |
No.1-1, Formosa Industrial Park, Sansheng Village, Miaoliao Township,
Yunlin County, Taiwan |
|
Registration Number |
84897162 |
|
Date of Registration |
1994-10-3 |
|
Manager Name |
Yizhong Cai |
|
Date of Last Annual Return |
2009-4-3 |
|
2 |
|
|
Name |
Xin Gang Branch |
|
Registered Address |
No.2, Zhongyang Industrial Park, Zhongyang Village, Xingang Township,
Jiayi County, Taiwan |
|
Registration Number |
84709751 |
|
Date of Registration |
1994-3-17 |
|
Manager Name |
Mingren Zou |
|
Date of Last Annual Return |
1998-8-24 |
|
3 |
|
|
Name |
Taipei Branch |
|
Registered Address |
1F., No. 201, Tung Hwa North
Road, Taipei City, Taiwan |
|
Registration Number |
20754420 |
|
Date of Registration |
1966-6-27 |
|
Manager Name |
Peihuo Cai |
|
Date of Last Annual Return |
2003-9-26 |
Core Management
Directors
|
1 |
|
|
Name |
Jiazhao Wu |
|
Position |
Board Chairman |
|
Date of Appointment |
2003-11-4 |
|
2 |
|
|
Name |
Wenyuan Wang |
|
Position |
Executive Director |
|
3 |
|
|
Name |
Wenchao Wang |
|
Position |
Executive Director |
|
4 |
|
|
Name |
Ruiyu Wang |
|
Position |
Executive Director |
|
5 |
|
|
Name |
Zhigang Wang |
|
Position |
Executive Director(Independent Director) |
|
6 |
|
|
Name |
Yongsan Li |
|
Position |
Independent Director |
|
7 |
|
|
Name |
Yunpeng Zhu |
|
Position |
Independent Director |
|
8 |
|
|
Name |
Qinren Wu |
|
Position |
Director |
|
9 |
|
|
Name |
Guiyun Wang |
|
Position |
Director |
|
Date of Appointment |
1993-8-27 |
|
10 |
|
|
Name |
Shenyi Li |
|
Position |
Director |
|
11 |
|
|
Name |
Mingren Zou |
|
Position |
Director |
|
Date of Appointment |
2005-8-25 |
|
12 |
|
|
Name |
Fengqin Lin |
|
Position |
Director |
|
Date of Appointment |
2003-11-4 |
|
13 |
|
|
Name |
Yuanshan Liu |
|
Position |
Director |
|
Date of Appointment |
1993-2-26 |
|
14 |
|
|
Name |
Richun Jian |
|
Position |
Director |
|
15 |
|
|
Name |
Qingzheng Zhang |
|
Position |
Director |
|
16 |
|
|
Name |
Chenqin Fu |
|
Position |
Supervisor |
|
17 |
|
|
Name |
Deyao Chen |
|
Position |
Supervisor |
|
18 |
|
|
Name |
Zhenxiao Lei |
|
Position |
Supervisor |
|
19 |
|
|
Name |
Maoxiang Lin |
|
Position |
Manager |
|
Date of Appointment |
2004-3-3 |
|
20 |
|
|
Name |
Hongguo Zheng |
|
Position |
Manager |
|
Date of Appointment |
2009-8-28 |
|
21 |
|
|
Name |
Yizhong Cai |
|
Position |
Manager |
|
Date of Appointment |
2009-8-28 |
|
22 |
|
|
Name |
Bing Wu |
|
Position |
Manager |
|
Date of Appointment |
2009-8-28 |
|
23 |
|
|
Name |
Zhengzhong Li |
|
Position |
Manager |
|
Date of Appointment |
2009-8-28 |
|
24 |
|
|
Name |
Xinyi Huang |
|
Position |
Manager |
|
Date of Appointment |
2009-8-28 |
|
25 |
|
|
Name |
Dongfa Zhang |
|
Position |
Manager |
|
Date of Appointment |
2012-3-23 |
Personnel
Structure
|
Total Employees |
About 12,000 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.35-1, Jhongshan 3rd Rd., Cianjhen District, Kaohsiung City 806,
Taiwan (R.O.C.) |
Production
Information
·
Subject is a manufacturer of chemical products, plastic products, fiber
products, electronic materials and petrochemical products
·
It is introduced that
subject has factories in Taiwan, mainland of China and United States for
production
Annual Production Capacities
|
Product |
Annual Production Capacity (Unit: Ton) |
|
AA/AE |
108,000/154,000 |
|
PVC |
494,000 |
|
VCM |
800,000 |
|
Caustic Soda |
1230,000 |
|
HDPE |
350,000 |
|
Carbon Fiber |
8,800 |
|
EVA/LDPE |
240,000 |
|
AN |
280,000 |
|
LLDPE |
264,000 |
|
MMA |
98,000 |
|
MTBE/B-1 |
174,000/32,000 |
|
ECH |
100,000 |
|
NBA |
250,000 |
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
C301010 |
Spinning industry |
|
C302010 |
Weaving industry |
|
C303010 |
Unwoven cloth industry |
|
C305010 |
Dyeing and finishing industry |
|
C601040 |
Finished paper manufacturing industry |
|
C601990 |
Other paper products manufacturing industry |
|
C801010 |
Basic chemical industry |
|
C801020 |
Raw materials for Petrochemical industry manufacturing industry |
|
C801060 |
Synthetic rubber manufacturing industry |
|
C801100 |
Synthetic resin and plastic manufacturing industry |
|
C801110 |
Fertilizer manufacturing industry |
|
C801120 |
Synthetic fiber manufacturing industry |
|
C801990 |
Other chemical material manufacturing industry |
|
C802041 |
Western medicine manufacturing industry |
|
C802120 |
Industrial aid manufacturing industry |
|
C802170 |
Toxic chemicals manufacturing industry |
|
C802200 |
Coating, paint and dye manufacturing industry |
|
C805010 |
Plastic, cloth, plate and tubular product manufacturing industry |
|
C805020 |
Plastic film and bag manufacturing industry |
|
C805070 |
Reinforced plastics manufacturing industry |
|
C805990 |
Other plastic products manufacturing industry |
|
C901020 |
Glass and glass product manufacturing industry |
|
C901060 |
Refractory material manufacturing industry |
|
CB01010 |
Machine manufacturing industry |
|
CB01030 |
air treatment equipment manufacturing industry |
|
CB01990 |
Other machinery manufacturing industry |
|
CC01010 |
Generate electricity, electricity transmission, power distribution
machinery manufacturing industry |
|
CC01080 |
Electronic parts manufacturing industry |
|
CC01090 |
Battery manufacturing industry |
|
CQ01010 |
Mould manufacturing industry |
|
CZ99990 |
Unclassified other industrial products |
|
D101050 |
Steam/electricity co-generation industry |
|
D401010 |
Heat energy supplying industry |
|
E599010 |
Piping engineering industry |
|
E601010 |
Electric product decorating industry |
|
E603050 |
Automata controller project industry |
|
E604010 |
Mechanism installation industry |
|
EZ15010 |
Heat preservation, cold insulation
installation project industry |
|
H701020 |
Industrial plants renting industry |
|
H701040 |
Specific area developing industry |
|
I199990 |
Other service industry |
|
ID01010 |
Apparatus for weights and measures industry |
|
IZ99990 |
Other industrial and commercial service industry |
|
J101030 |
Litter cleaning industry |
|
J101040 |
Litter dealing industry |
|
J101050 |
Environment measuring service industry |
|
J101060 |
Sewage treatment industry |
|
CE01021 |
Apparatus for weights and measures manufacturing industry |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
It is introduced that subject purchases its raw materials from China,
Southeast Asia, USA
·
The subject is mainly engaged in sales of chemical products, plastic products, fiber
products, electronic materials and petrochemical products
·
It is introduced that subject’s selling territory includes China, Japan, South Korea, Southeast
Asia.
·
It is introduced that
subject’s major customers are manufacturers of electronics, automobiles ,
plastic products, textiles, electrical engineering
Major Products
|
Department |
Product |
|
Electronic Material |
Copper-Clad Laminates, Epoxy Resins, Glass Fabrics, Liquid Crystal
Displays And Copper Foils |
|
Plastic Products |
Plastic Plaster, Poly Urethane (PU) Synthetic Leathers, Polypropylene (PP)
Rubber Fabrics, Polyvinyl Chloride (PVC) Plastic Injection Products |
|
Plastic Raw Material |
Glycol, Butylene Glycol, Bisphenol A, Toluene Diisocyanate,
Plasticizers |
|
Fiber Products |
Polyester Products, Dyeing Products |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Product |
Payment Terms |
Proportion |
|
Raw materials |
COD, CBD |
100% |
Foreign Purchase
|
Product |
Payment Terms |
Proportion |
|
Raw materials |
CBD |
100% |
Sales
Domestic Markets
|
Product |
Sales Terms |
Proportion |
|
Plastic products |
COD, CBD |
100% |
Export
|
Product |
Sales Terms |
Proportion |
|
Plastic products |
CBD |
100% |
Unit: NTD/000
|
|
|
|
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
5,444,415.00 |
5,062,103.00 |
|
Financial assets measured at fair value through profit or loss -
current |
0.00 |
9,860.00 |
|
Available-for-sale financial assets - current |
32,506,444.00 |
33,798,202.00 |
|
Notes receivable - net |
3,104,159.00 |
2,871,917.00 |
|
Accounts receivable - net |
12,730,175.00 |
11,263,902.00 |
|
Accounts receivable - related parties - net |
4,490,040.00 |
4,279,282.00 |
|
Other receivables |
1,280,539.00 |
3,237,012.00 |
|
Other receivables - related parties |
37,178,800.00 |
42,285,300.00 |
|
Inventories |
25,269,919.00 |
23,256,202.00 |
|
Other prepayments |
2,511,256.00 |
3,213,206.00 |
|
Other current assets |
270.00 |
509.00 |
|
Current assets |
124,516,017.00 |
129,277,495.00 |
|
Funds and Investments |
|
|
|
Financial assets carried at cost - non current |
2,827,606.00 |
2,830,122.00 |
|
Equity investments under equity method |
194,822,990.00 |
204,982,186.00 |
|
Investments |
194,822,990.00 |
204,982,186.00 |
|
Funds and long-term investments |
197,650,596.00 |
207,812,308.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Land |
8,912,852.00 |
9,268,573.00 |
|
Buildings and structures |
25,174,898.00 |
25,147,986.00 |
|
Machinery and equipment |
141,341,104.00 |
139,698,252.00 |
|
Transportation equipment |
1,173,435.00 |
1,166,569.00 |
|
Other facilities |
2,768,296.00 |
2,616,251.00 |
|
Revaluation increment |
45,719.00 |
45,828.00 |
|
Cost and revaluation increment |
179,416,304.00 |
177,943,459.00 |
|
Accumulated depreciation |
-126,271,076.00 |
-120,799,994.00 |
|
Construction in process and prepayment for equipments |
11,060,309.00 |
9,304,757.00 |
|
Fixed assets |
64,205,537.00 |
66,448,222.00 |
|
Intangible Assets |
|
|
|
Deferred pension cost |
453,560.00 |
761,604.00 |
|
Other intangible assets |
287,234.00 |
381,094.00 |
|
Intangible assets |
740,794.00 |
1,142,698.00 |
|
OtherAssets |
|
|
|
Guarantee deposits paid |
61,546.00 |
69,927.00 |
|
Deferred charges |
5,064,459.00 |
3,019,422.00 |
|
Deferred income tax assets - non current |
275,985.00 |
0.00 |
|
Other assets - other |
1,333,363.00 |
1,348,940.00 |
|
Other assets |
6,735,353.00 |
4,438,289.00 |
|
Assets |
393,848,297.00 |
409,119,012.00 |
|
Liabilities and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Short-term borrowings |
0.00 |
2,500,000.00 |
|
Financial liabilities measured at fair value through profit or loss -
current |
28,560.00 |
40,608.00 |
|
Accounts payable |
2,519,074.00 |
2,638,212.00 |
|
Accounts payable - related parties |
9,150,643.00 |
8,983,909.00 |
|
Accrued expenses |
6,343,770.00 |
7,717,044.00 |
|
Other payables |
160,741.00 |
1,787,919.00 |
|
Advance receipts |
497,485.00 |
166,488.00 |
|
Long-term liabilities - current portion |
22,013,400.00 |
14,452,932.00 |
|
Other current liabilities |
377,424.00 |
751,463.00 |
|
Current liabilities |
41,091,097.00 |
39,038,575.00 |
|
Long term Liabilities |
|
|
|
Financial liabilities measured at fair value through profit or loss -
non current |
0.00 |
30,456.00 |
|
Bonds payable |
47,923,383.00 |
53,413,184.00 |
|
Long-term borrowings |
39,476,932.00 |
32,504,076.00 |
|
Long-term notes and accounts payable |
0.00 |
757.00 |
|
Long-term liabilities |
87,400,315.00 |
85,948,473.00 |
|
Reserves |
|
|
|
Other Liabilities |
|
|
|
Pension reserve / accrued pension liability |
18,231,015.00 |
17,788,772.00 |
|
Guarantee deposits received |
390,517.00 |
379,206.00 |
|
Deferred income tax liabilities |
0.00 |
1,134,635.00 |
|
Other liabilities - other |
168,973.00 |
210,314.00 |
|
Other liabilities |
18,790,505.00 |
19,512,927.00 |
|
Liabilities |
147,281,917.00 |
144,499,975.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common stock |
78,522,986.00 |
78,522,986.00 |
|
Capital Surplus |
|
|
|
Capital surplus - other |
26,785,515.00 |
27,531,548.00 |
|
Capital surplus |
26,785,515.00 |
27,531,548.00 |
|
Retained Earnings |
|
|
|
Legal reserve |
43,290,401.00 |
40,976,104.00 |
|
Special reserve |
58,412,038.00 |
54,074,899.00 |
|
Unappropriated retained earnings |
8,016,535.00 |
26,941,768.00 |
|
Retained earnings |
109,718,974.00 |
121,992,771.00 |
|
Stockholders' Equity and Other adjustment |
|
|
|
Cumulative translation adjustments |
2,320,814.00 |
6,125,239.00 |
|
Net loss not recognized as pension cost |
-28,128.00 |
0.00 |
|
Unrealized gains (losses) on financial instruments |
29,021,868.00 |
30,222,033.00 |
|
Unrealized Revaluation Increment |
226,296.00 |
226,405.00 |
|
Treasure stock |
-1,945.00 |
-1,945.00 |
|
Equity adjustments |
31,538,905.00 |
36,571,732.00 |
|
Stockholdersˉ equity |
246,566,380.00 (USD 8,259,973,730) |
264,619,037.00 (USD 8,864,737,740) |
|
Number of treasury stock acquired by the company and subsidiaries
(unit: share) |
183,235.00 |
183,235.00 |
(As of 2013.12, 1 NTD = 0.0335 USD)
Unit: NTD/000
|
|
2012 |
2011 |
|
Sales |
186,459,778.00 (USD 6,246,402,563) |
197,305,815.00 (USD 6,609,744,803)) |
|
Sales returns |
516,865.00 |
454,318.00 |
|
Sales discounts and allowances |
5,810,788.00 |
5,853,684.00 |
|
Sales |
180,132,125.00 |
190,997,813.00 |
|
Service revenue |
122,550.00 |
124,362.00 |
|
Service revenue |
122,550.00 |
124,362.00 |
|
Other operating revenue |
2,788,243.00 |
2,899,664.00 |
|
Operating income |
183,042,918.00 |
194,021,839.00 |
|
Operating costs |
163,571,984.00 |
160,040,249.00 |
|
Gross profit (loss) from operations |
19,470,934.00 |
33,981,590.00 |
|
Unrealized gains on intercompany transactions |
-113,840.00 |
78,396.00 |
|
Selling expense |
5,528,083.00 |
5,425,131.00 |
|
General and administrative expenses |
5,590,184.00 |
6,864,256.00 |
|
Operating expenses |
11,118,267.00 |
12,289,387.00 |
|
Operating income (loss) |
8,466,507.00 |
21,613,807.00 |
|
Non-Operating Income |
|
|
|
Interest income |
868,430.00 |
545,473.00 |
|
Income from long-term equity investments under the equity method |
0.00 |
2,921,258.00 |
|
Dividends |
2,007,788.00 |
3,201,491.00 |
|
Investment income |
2,007,788.00 |
6,122,749.00 |
|
Gains on disposal of fixed assets |
848,287.00 |
7,839.00 |
|
Gains on sale of investments |
1,242,519.00 |
3,054.00 |
|
Foreign exchange gains |
0.00 |
635,870.00 |
|
Revaluation gain on financial liabilities |
42,504.00 |
18,240.00 |
|
Miscellaneous income |
1,031,238.00 |
1,019,475.00 |
|
Non-operating revenues and gains |
6,040,766.00 |
8,352,700.00 |
|
Non-Operating Expenses |
|
|
|
Interest expense |
1,858,276.00 |
1,546,475.00 |
|
Losses from long-term equity investments under the equity method |
7,515,873.00 |
0.00 |
|
Other investment loss |
0.00 |
1,868.00 |
|
Investment loss |
7,515,873.00 |
1,868.00 |
|
Loss on disposal of fixed assets |
63,808.00 |
40,968.00 |
|
Foreign exchange losses |
357,463.00 |
0.00 |
|
Revaluation loss on financial assets |
9,860.00 |
12,903.00 |
|
Miscellaneous disbursements |
168,582.00 |
166,836.00 |
|
Non-operating expenses and losses |
9,973,862.00 |
1,769,050.00 |
|
Income from continuing operations before income tax |
4,533,411.00 |
28,197,457.00 |
|
Income tax expense (benefit) |
317,381.00 |
5,054,491.00 |
|
Income from continuing operations |
4,216,030.00 |
23,142,966.00 |
|
Net income (loss) |
4,216,030.00 (USD 141,237,005) |
23,142,966.00 (USD 775,289,361) |
|
Primary Earnings per Share |
|
|
|
Income (loss) from continuing operations |
0.54 |
2.95 |
|
Primary earnings per share |
0.54 |
2.95 |
|
Diluted earnings per share |
|
|
(As of 2013.12, 1 NTD = 0.0335 USD)
Unit: NTD/000
|
|
2012 |
2011 |
|
Cash Flows from Operating Activities - Indirect Method |
|
|
|
Net Income (Loss) |
4,216,030 |
23,142,966 |
|
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in)
Operating Activities |
|
|
|
Depreciation Expense |
6,623,442 |
6,698,762 |
|
Amortization Expense |
1,188,427 |
998,747 |
|
Provision (Reversal of Provision) for Bad Debts Losses |
-10,755 |
-102,402 |
|
Amortization of Bonds Issue Cost |
33,804 |
30,026 |
|
Loss (Gain) on Decline (Recovery) in Market Value, Scrap and Obsolescence
of Inventories |
-148,661 |
292,150 |
|
Investment Loss (Income) Recognized under Equity Method |
7,515,873 |
-2,921,258 |
|
Cash Dividends Received from Investments Accounted for under Equity
Method |
9,606,920 |
17,982,732 |
|
Loss (Gain) on Disposal of Property, Plan and Equipment |
-784,370 |
34,555 |
|
Loss (Gain) on Disposal of Other Assets |
-297 |
-3,054 |
|
Loss (Gain) on Disposal of Long-term Investments under Equity Method |
-1,242,222 |
0 |
|
Unrealized Revaluation Loss (Gain) on Financial Assets and Liabilities |
-32,644 |
-5,338 |
|
Unrealized Gain (Loss) on Intercompany Transactions |
-113,840 |
78,396 |
|
Unrealized Exchange Loss (Gain) |
-41,154 |
-85,659 |
|
Other Revenue - Overdue Dividends And Compensation of Board And
Directors |
-40,149 |
-33,592 |
|
Other Adjustments to Reconcile Net Income |
643,181 |
442 |
|
Changes in Operating Assets and Liabilities |
|
|
|
Decrease (Increase) in Notes Receivable |
-239,896 |
540,913 |
|
Decrease (Increase) in Accounts Receivable |
-1,638,524 |
2,787,464 |
|
Decrease (Increase) in Other Receivables |
1,956,474 |
758,322 |
|
Decrease (Increase) in Inventories |
-1,865,056 |
-2,302,056 |
|
Decrease (Increase) in Other Prepayments |
702,189 |
-1,557,917 |
|
Decrease (Increase) in Deferred Tax Assets |
-1,245,493 |
1,066,497 |
|
Increase (Decrease) in Accounts Payable |
60,587 |
-1,829,071 |
|
Increase (Decrease) in Accrued Expenses |
-1,373,274 |
674,440 |
|
Increase (Decrease) in Other Payables |
-1,603,459 |
-1,122,733 |
|
Increase (Decrease) in Receipts in Advance |
330,998 |
-1,017 |
|
Increase (Decrease) in Other Current Liabilities |
-189,393 |
387,952 |
|
Increase (Decrease) in Deferred Tax Liabilities |
-235,934 |
-832,722 |
|
Increase (Decrease) in Accrued Pension Liabilities |
750,286 |
838,914 |
|
Net Cash Provided by (Used in) Operating Activities |
22,823,090 |
45,516,459 |
|
Cash Flows from Investing Activities |
|
|
|
Acquisition of Available-for-sale Financial Assets |
-1,000,000 |
-6,200,002 |
|
Proceeds from Disposal of Available-for-sale Financial Assets |
1,000,297 |
6,203,054 |
|
Capital Reduction of Financial Assets Carried at Cost |
2,516 |
0 |
|
Acquisition of Investments Accounted for by Equity Method |
-11,079,666 |
-16,451,830 |
|
Proceeds from Disposal of Investments Accounted for by Equity Method |
833,043 |
0 |
|
Purchase of Property, Plant and Equipment |
-5,433,818 |
-3,401,581 |
|
Proceeds from Disposal of Property, Plant and Equipment |
1,209,718 |
136,066 |
|
Decrease (Increase) in Refundable Deposits |
8,381 |
-10,707 |
|
Increase in Deferred Charges |
-3,139,604 |
-1,045,482 |
|
Decrease (Increase) in Other Receivables - Related Parties |
5,106,500 |
-16,606,277 |
|
Net Cash Provided by (Used in) Investing Activities |
-12,492,633 |
-37,376,759 |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
-2,499,707 |
2,460,587 |
|
Proceeds from Issuance of Bonds |
11,969,444 |
9,974,442 |
|
Repayments of Bonds |
-7,500,000 |
-2,040,000 |
|
Proceeds from Long-term Debt |
12,500,000 |
32,260,000 |
|
Repayment of Long-term Debt |
-7,959,726 |
-22,383,978 |
|
Increase (Decrease) in Guarantee Deposits Received |
11,312 |
-111,782 |
|
Increase (Decrease) in Long-term Liabilities |
-757 |
-12,738 |
|
Increase (Decrease) in Other Liabilities |
-3,086 |
258,179 |
|
Cash Dividends Paid |
-16,473,396 |
-36,820,401 |
|
Net Cash Provided by (Used in) Financing Activities |
-9,955,916 |
-16,415,691 |
|
Effect of Exchange Rate Changes |
7,771 |
31,609 |
|
Net Increase (Decrease) in Cash and Cash Equivalents |
382,312 |
-8,244,382 |
|
Cash and Cash Equivalents, Beginning of year |
5,062,103 |
13,306,485 |
|
Cash and Cash Equivalents, End of year |
5,444,415 |
5,062,103 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid |
1,831,693 |
1,506,590 |
|
Interest Paid- Excluding Capitalized Interest |
1,831,693 |
1,506,590 |
|
Income Tax Paid |
3,093,211 |
5,029,244 |
|
Non-cash Investing and Financing Activities |
|
|
|
Current Portion of Long-term Liabilities |
22,013,400 |
14,452,932 |
|
Cash Dividends Payable |
159,895 |
187,987 |
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.
|
Case Type: |
Certificate No.: |
Debtor Name: |
Document Number: |
Date of Registration: |
Date of Alteration: |
Status: |
|
Chattel Mortgage |
060371 |
Nan Ya Plastics Corporation |
833657 |
|
|
Paid off |
|
Chattel Mortgage |
066167 |
Nan Ya Plastics Corporation |
570230 |
|
|
|
|
Chattel Mortgage |
071125 |
Nan Ya Plastics Corporation |
09005130280 |
|
|
|
|
Chattel Mortgage |
072121 |
Nan Ya Plastics Corporation |
09005181490 |
|
|
Paid off |
|
Chattel Mortgage |
073115 |
Nan Ya Plastics Corporation |
09105084870 |
|
|
Paid off |
|
Chattel Mortgage |
073604 |
Nan Ya Plastics Corporation |
09105108880 |
|
|
|
|
Chattel Mortgage |
074556 |
Nan Ya Plastics Corporation |
09105154180 |
|
|
|
|
Chattel Mortgage |
074668 |
Nan Ya Plastics Corporation |
09105159760 |
|
|
|
|
Chattel Mortgage |
076298 |
Nan Ya Plastics Corporation |
09205125930 |
|
|
Paid off |
|
Chattel Mortgage |
076318 |
Nan Ya Plastics Corporation |
09205126700 |
|
|
Paid off |
|
Chattel Mortgage |
076321 |
Nan Ya Plastics Corporation |
09205126720 |
|
|
Paid off |
|
Chattel Mortgage |
078084 |
Nan Ya Plastics Corporation |
09200506900 |
|
|
|
|
Chattel Mortgage |
094983 |
Nan Ya Plastics Corporation |
09705128310 |
|
|
|
|
Chattel Mortgage |
095014 |
Nan Ya Plastics Corporation |
09705129790 |
|
|
|
|
Chattel Mortgage |
098008 |
Nan Ya Plastics Corporation |
09830470480 |
|
|
|
Lawsuit
|
2008,Xiongbu, 2387 |
|
|
Date of Trial: |
2008-11-26 |
|
Reason: |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.88 |
|
|
1 |
Rs.100.98 |
|
Euro |
1 |
Rs.82.40 |
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.