MIRA
INFORM REPORT
|
Report Date : |
17.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
AU OPTRONICS
CORP. |
|
|
|
|
Registered Office : |
No.1 Li-Hsin Road 2, Science-Based
Industrial Park, Hsinchu, Taiwan |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
12.08.1996 |
|
|
|
|
Com. Reg. No.: |
84149738 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sale of display products |
|
|
|
|
No. of Employees |
45,000 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 |
Contact Points
|
Company Name: |
Au Optronics Corp. |
|
Supplied Name: |
Au Optronics Corporation |
|
Trading Address: |
No.1 Li-Hsin Road 2, Science-Based Industrial Park, Hsinchu, Taiwan |
|
Supplied Address: |
No.1, Li-Hsin Road, 2, Science Based Industrial Park Hsin-Chu City |
|
Telephone Number: |
+886-3-500-8800 |
|
Fax Number: |
+886-3-563-7608 |
Company Identification Details
History
Subject was incorporated on 1996-8-12 with
registered number 84149738 as Joint Stock Company in Taiwan.
Subject was listed at Taiwan Stock Exchange on 2000-9-8
Change
of Name
|
Former
English Name |
Acer
Display Technology, Inc. |
|
Current
English Name |
Au
Optronics Corp. |
Shareholders
|
Name |
Subscription Shares |
|
Kunyao Li |
10,512,153 |
| Shuanglang Peng |
2,463,660 |
|
Zhengyi Lin |
1,770,785 |
|
Qisda Corporation |
663,598,620 |
|
Jinbin Peng |
96,670 |
The information
above is that of subject’s major shareholders.
Shareholder
Information:
|
Registered Name: |
Qisda
Corporation |
|
Registered Address: |
No.157, Shan-Ying Road, Shan-Ting Tsun, Gueishan Hsiang, Taoyuan
County, Taiwan |
|
Date of Foundation: |
1984-4-21 |
|
Registration Number: |
12490306 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 50,000,000,000 (USD 1,655,000,000) (As of 2014.5, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 19,667,819,580 (USD 651,004,828) |
|
Legal Representatives: |
Kunyao Li |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
Yes; (Stock Code: 2352) |
|
Date of Last Annual Return: |
2014-1-3 |
Subsidiaries & Branches
|
1 |
|
|
Name: |
Au
Optronics Corp. Taichung Factory |
|
Address: |
No. 3, Keya Rd.,
No. 2, Keya Rd., No. 1, Zhongke Rd., Xitun Dist., Taichung city, Central
Science Park |
|
Date of Registration: |
2004-10-27 |
|
Factory Registration Number: |
93A00001 |
|
Factory Manager: |
Kunyao Li |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-12-27 |
|
Major Products: |
264
Photoelectric material and components 273 Audio and
video electronic products |
|
2 |
|
|
Name: |
Au
Optronics Corp. Houli Factory |
|
Address: |
No. 1, Machang
Rd., Houli Dist., Taichung City, Central Science Park |
|
Date of Registration: |
2010-12-15 |
|
Factory Registration Number: |
93B00001 |
|
Factory Manager: |
Kunyao Li |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2012-10-31 |
|
Major Products: |
264
Photoelectric material and components 273 Audio and video electronic products |
|
3 |
|
|
Name: |
Au Optronics Corp. L3A Factory |
|
Address: |
No.5 Li-Hsin Road 6, East Dist., Hsinchu City, Hsinchu Science Park |
|
Date of Registration: |
1997-6-30 |
|
Factory Registration Number: |
95B00317 |
|
Factory Manager: |
Kunyao Li |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2009-4-20 |
|
Major Products: |
264
Photoelectric material and components 269 Other
electronic components |
|
4 |
|
|
Name: |
Au
Optronics Corp. L3B Factory |
|
Address: |
No.1 Li-Hsin
Road 2, Science-Based Industrial Park, Hsinchu, Taiwan |
|
Date of Registration: |
1997-6-30 |
|
Factory Registration Number: |
95C00317 |
|
Factory Manager: |
Kunyao Li |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2009-4-20 |
|
Major Products: |
264
Photoelectric material and components 269 Other
electronic components |
|
5 |
|
|
Name: |
Au
Optronics Corp. L5 Factory |
|
Address: |
No. 23 Li-Hsin
Road, Science-Based Industrial Park, Hsinchu, Taiwan |
|
Date of Registration: |
1987-6-30 |
|
Factory Registration Number: |
95D00317 |
|
Factory Manager: |
Kunyao Li |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2009-4-20 |
|
Major Products: |
264
Photoelectric material and components 269 Other
electronic components |
|
6 |
|
|
Name: |
Au
Optronics Corp.-Longke Factory |
|
Address: |
No. 338-1,
Longyuan 1 Rd., Longtan Xiang, Taoyuan County, Taiwan |
|
Date of Registration: |
1997-6-30 |
|
Factory Registration Number: |
95E00317 |
|
Factory Manager: |
Kunyao Li |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2009-4-20 |
|
Major Products: |
264
Photoelectric material and components 261
Semiconductor |
|
7 |
|
|
Name: |
Au
Optronics Corp. Taoyuan Branch |
|
Address: |
No. 1, Xinhe
Rd., Sanhe Village, Longtan Xiang, Taoyuan County, Taiwan |
|
Date of Foundation: |
1999-10-11 |
|
Date of Registration: |
2001-1-11 |
|
Factory Registration Number: |
99621170 |
|
Factory Manager: |
Kunyao Li |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2004-7-29 |
|
Major Products: |
269 Other
electronic components |
|
8 |
|
|
Name: |
Au
Optronics Corp. Taoyuan Branch Huaya Factory |
|
Address: |
No. 189, Huaya
Second Rd., Wenhua Village, Guishan Xiang, Taoyuan County, Taiwan |
|
Date of Registration: |
2001-8-17 |
|
Factory Registration Number: |
99621736 |
|
Factory Manager: |
Kunyao Li |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2011-3-29 |
|
Major Products: |
269 Other
electronic components |
|
9 |
|
|
Name: |
Au
Optronics Corp. Zhunan Factory |
|
Address: |
No. 1, Linkeyi
Street, Gongyi Li, Zhunan Town, Miaoli County, Taiwan |
|
Date of Foundation: |
2000-6-27 |
|
Date of Registration: |
2001-8-23 |
|
Factory Registration Number: |
99631690 |
|
Factory Manager: |
Kunyao Li |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2011-4-6 |
|
Major Products: |
271 Computer and
its peripheral equipment 273 Audio and
video electronic products |
Related Companies
|
1 |
|
|
Name |
BenQ Materials
Corp. |
|
Address |
29 Jianguo E.
Rd., Gueishan, Taoyuan 33341, Taiwan |
|
Tel |
+886-3-374-8800 |
|
Fax |
+886-3-361-9900 |
|
2 |
|
|
Name |
Daxin Materials
Corp. |
|
Address |
No. 15, Keyuan 1
Rd., Central Science Park, Taichung City, Taiwan |
|
Principal Activities |
Manufacturing
and sale of displays. |
|
3 |
|
|
Name |
Raydium
Semiconductor Corporation |
|
Address |
2F, No 23.
Lihsin Road, Hsinchu Science Park, Hsinchu 300, Taiwan |
|
Tel |
+886-3-666-1818 |
|
Fax |
+886-3-666-1919 |
|
|
|
|
Name |
Forhouse Corp. |
|
Address |
No. 3, Gongye E.
3rd Road, Hsinchu Science Park, Hsinchu 30075, Taiwan |
|
Tel |
+886-3-565-8800 |
Personnel Information
Core
Management
|
1 |
|
|
Name |
Kunyao Li |
|
Position |
Chairman of the
Board |
|
2 |
|
|
Name |
Shuanglang Peng |
|
Position |
Director |
|
3 |
|
|
Name |
Zhengyi Lin |
|
Position |
Director |
|
4 |
|
|
Name |
Renchuan Zhuang |
|
Position |
Director |
|
5 |
|
|
Name |
Huijuan Xie |
|
Position |
Independent
Director |
|
6 |
|
|
Name |
Meiyue He |
|
Position |
Independent
Director |
|
7 |
|
|
Name |
Binghe Yang |
|
Position |
Independent
Director |
|
8 |
|
|
Name |
Tianzhi Chen |
|
Position |
Independent
Director |
|
9 |
|
|
Name |
Jinbin Peng |
|
Position |
Independent
Director |
|
9 |
|
|
Name |
Shuanglang Peng |
|
Position |
Manager |
|
Date of
Appointment |
2012-1-1 |
Personnel Structure
|
Total Employees |
About 45,000 Employees
(Group) |
Operation Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No.1 Li-Hsin Road 2,
Science-Based Industrial Park, Hsinchu, Taiwan |
Production
Information
l
Subject is engaged in manufacturing of display
products,
l
Subject has factories in Taiwan for production.
l
Subject obtained the certification of ISO 14001,
ISO 14064, ISO 9001, ISO/TS16949, OHSAS 18001 and QC080000
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CC01080 |
Electronic components manufacturing |
|
F119010 |
Electronic materials wholesaling (limited
operating area) |
|
CC01030 |
Appliances and audio-visual electronic products
manufacturing |
|
CC01010 |
Electricity generation and transmission
distribution machinery manufacturing |
|
CC01090 |
Battery manufacturing |
|
IG03010 |
Energy services |
|
|
Research, manufacturing, producing and sale of
the following products: liquid-crystal display, contact image sensor, solar
cell, module, |
l
The components and raw materials for
production are both purchased at home and abroad.
l Subject is engaged
in sale of display products, .
l
The major products sold by subject include display
products and solar products, .
l
Subject’s sales regions include domestic market,
Japan, Korea, India, Southeast Asia, US, North America, Europe, .
l
Subject has service offices in Suzhou City,
Shanghai City, Xiamen City of Mainland China, Singapore, .
l
One of the subject’s major customers is Jaco
Electronics Inc.
Subject’s products
detail information is as follows:
|
Category |
Detail |
|
Display Products
|
LCD TV, public information display, monitor,
Mobile PC, e-reader, general display, mobile device, printer, car display,
pictorial navigation display, . |
|
Solar Products |
Polycrystalline silicon, silicon ingot, silicon
slice, battery piece, . |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Trademarks
|
1 |
|
|
Trade Mark No.: |
01020557 |
|
Status: |
Registered |
|
Registered Date: |
2002-11-1 |
|
Expiry Date: |
2022-10-31 |
|
Mark: |
|
|
Owner's Name, Address: |
Au Optronics Corp. No.1 Li-Hsin Road 2, Science-Based Industrial
Park, Hsinchu, Taiwan |
|
Class No.: |
|
|
Description: |
Displays, color active matrix tablet imaging
device, inductors, . |
|
2 |
|
|
Trade Mark No.: |
00172973 |
|
Status: |
Registered |
|
Registered Date: |
2002-11-16 |
|
Expiry Date: |
2022-11-15 |
|
Mark: |
|
|
Owner's Name, Address: |
Au Optronics Corp. No.1 Li-Hsin Road 2, Science-Based Industrial
Park, Hsinchu, Taiwan |
|
Class No.: |
040 |
|
Description: |
Manufacturing of displays, color active matrix
tablet imaging device, inductors, . |
|
3 |
|
|
Trade Mark No.: |
00172973 |
|
Status: |
Registered |
|
Registered Date: |
2002-12-16 |
|
Expiry Date: |
2022-11-15 |
|
Mark: |
|
|
Owner's Name, Address: |
Au Optronics Corp. No.1 Li-Hsin Road 2, Science-Based Industrial
Park, Hsinchu, Taiwan |
|
Class No.: |
040 |
|
Description: |
Manufacturing of displays, color active matrix
tablet imaging device, inductors, . |
Settlements
Domestic Purchase
|
Terms |
Proportion |
|
|
Components and
raw materials, . |
T/T, Cash, etc |
100% |
Foreign Purchase
|
Terms |
Proportion |
|
|
Components and
raw materials, . |
L/C, T/T, etc |
100% |
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Displays, . |
T/T, Cash, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Displays, . |
L/C, T/T, etc |
100% |
Balance Sheet
Unit: NTD/000
|
|
2012-12-31 |
2011-12-31 |
|
Cash and cash equivalents |
48,145,116.00 |
54,825,447.00 |
|
Financial assets measured at fair value through
profit or loss - current |
11,696.00 |
65,622.00 |
|
Accounts receivable - net |
35,067,381.00 |
42,278,265.00 |
|
Accounts receivable - related parties - net |
5,517,923.00 |
4,041,586.00 |
|
Other receivables - related parties |
322,003.00 |
402,900.00 |
|
Other financial assets - current |
941,418.00 |
1,138,066.00 |
|
Inventories |
32,946,900.00 |
35,942,700.00 |
|
Other prepayments |
6,290,129.00 |
6,308,959.00 |
|
Other current assets |
1,482,746.00 |
2,158,673.00 |
|
Current assets |
130,725,312.00 |
147,162,218.00 |
|
Equity investments under equity method |
69,403,377.00 |
76,817,592.00 |
|
Investments |
69,403,377.00 |
76,817,592.00 |
|
Funds and long-term investments |
69,403,377.00 |
76,817,592.00 |
|
Land |
6,273,615.00 |
6,273,615.00 |
|
Buildings and structures |
84,107,180.00 |
83,780,879.00 |
|
Machinery and equipment |
598,386,242.00 |
598,506,133.00 |
|
Other facilities |
26,013,296.00 |
27,754,804.00 |
|
Fixed assets cost |
714,780,333.00 |
716,315,431.00 |
|
Accumulated depreciation |
-502,957,443.00 |
-466,560,938.00 |
|
Construction in process and prepayment for
equipment |
5,404,418.00 |
10,057,641.00 |
|
Fixed assets |
217,227,308.00 |
259,812,134.00 |
|
Goodwill |
11,280,595.00 |
11,280,595.00 |
|
Other intangible assets |
3,647,347.00 |
3,971,578.00 |
|
Intangible assets |
14,927,942.00 |
15,252,173.00 |
|
Idled assets |
1,790,252.00 |
1,127,152.00 |
|
Guarantee deposits paid |
137,645.00 |
146,626.00 |
|
Deferred charges |
649,331.00 |
798,139.00 |
|
Deferred income tax assets - non current |
12,277,918.00 |
10,819,047.00 |
|
Other assets - other |
1,275,110.00 |
1,478,660.00 |
|
Other assets |
16,130,256.00 |
14,369,624.00 |
|
Assets |
448,414,195.00 (USD 14,842,509,854.50 |
513,413,741.00 (USD 16,993,994,827.10) |
|
Short-term borrowings |
3,500,000.00 |
4,400,000.00 |
|
Financial liabilities measured at fair value
through profit or loss - current |
578,601.00 |
657.00 |
|
Accounts payable |
34,948,149.00 |
30,022,280.00 |
|
Accounts payable - related parties |
44,240,865.00 |
50,991,341.00 |
|
Accrued expenses |
30,622,201.00 |
30,724,051.00 |
|
Other payables - related parties |
463,112.00 |
743,679.00 |
|
Other payables |
8,725,070.00 |
12,177,287.00 |
|
Long-term liabilities - current portion |
38,254,729.00 |
42,677,629.00 |
|
Current liabilities |
161,332,727.00 |
171,736,924.00 |
|
Hedging derivative liabilities - non current |
58,547.00 |
193,223.00 |
|
Bonds payable |
21,598,083.00 |
21,787,128.00 |
|
Long-term borrowings |
106,585,843.00 |
111,840,571.00 |
|
Long-term deferred revenues |
554,276.00 |
655,907.00 |
|
Long-term liabilities |
128,796,749.00 |
134,476,829.00 |
|
Other liabilities |
9,133,864.00 |
1,811,272.00 |
|
Liabilities |
299,263,340.00 |
308,025,025.00 |
|
Common stock |
88,270,455.00 |
88,270,455.00 |
|
Capital surplus - additional paid-in capital |
58,591,843.00 |
58,591,843.00 |
|
Capital surplus - long-term equity investments |
1,782,970.00 |
2,635,128.00 |
|
Capital surplus - premium from merger |
53,867,555.00 |
56,340,038.00 |
|
Capital surplus - other |
142,054.00 |
142,054.00 |
|
Capital surplus |
114,384,422.00 |
117,709,063.00 |
|
Legal reserve |
0.00 |
15,875,372.00 |
|
Unappropriated retained earnings |
-54,614,704.00 |
-18,347,855.00 |
|
Retained earnings |
-54,614,704.00 |
-2,472,483.00 |
|
Cumulative translation adjustments |
1,101,768.00 |
2,021,571.00 |
|
Net loss not recognized as pension cost |
-1,933.00 |
-1,316.00 |
|
Unrealized gains (losses) on financial
instruments |
10,847.00 |
-138,574.00 |
|
Equity adjustments |
1,110,682.00 |
1,881,681.00 |
|
Stockholdersˉ equity |
149,150,855.00 (USD 4,936,893,300.50) |
205,388,716.00 (USD 6,798,366,499.60) |
|
Number of treasury stock acquired by the company
and subsidiaries (unit: share) |
0.00 |
0.00 |
(As of 2014.05, 1 NTD = 0.0331 USD)
Profit and Loss Account
Unit: NTD/000
|
|
2012 |
2011 |
|
Sales |
365,309,596.00 (USD 12,091,747,627.60) |
361,983,863.00 (USD 11,981,665,865.30) |
|
Sales discounts and allowances |
2,315,014.00 |
2,455,791.00 |
|
Sales |
362,994,582.00 |
359,528,072.00 |
|
Operating income |
362,994,582.00 |
359,528,072.00 |
|
Cost of sales |
372,020,721.00 |
391,189,007.00 |
|
Operating costs |
372,020,721.00 |
391,189,007.00 |
|
Gross profit (loss) from operations |
-9,026,139.00 |
-31,660,935.00 |
|
Selling expense |
8,447,047.00 |
8,189,143.00 |
|
General and administrative expenses |
5,229,218.00 |
6,547,620.00 |
|
Research and development expenses |
9,384,913.00 |
8,088,775.00 |
|
Operating expenses |
23,061,178.00 |
22,825,538.00 |
|
Operating income (loss) |
-32,087,317.00 |
-54,486,473.00 |
|
Interest income |
226,893.00 |
182,667.00 |
|
Gains on sale of investments |
0.00 |
1,700,803.00 |
|
Foreign exchange gains |
1,486,526.00 |
0.00 |
|
Revaluation gain on financial assets |
0.00 |
696,678.00 |
|
Miscellaneous income |
1,082,853.00 |
1,599,190.00 |
|
Non-operating revenues and gains |
2,796,272.00 |
4,179,338.00 |
|
Interest expense |
4,325,879.00 |
3,648,019.00 |
|
Losses from long-term equity investments under
the equity method |
8,346,615.00 |
5,241,200.00 |
|
Investment loss |
8,346,615.00 |
5,241,200.00 |
|
Foreign exchange losses |
0.00 |
141,321.00 |
|
Loss on depreciation and valuation loss form idle
assets |
351,758.00 |
706,841.00 |
|
Impairment loss on assets |
915,771.00 |
0.00 |
|
Revaluation loss on financial assets |
1,055,221.00 |
0.00 |
|
Miscellaneous disbursements |
10,815,036.00 |
6,126,565.00 |
|
Non-operating expenses and losses |
25,810,280.00 |
15,863,946.00 |
|
Income from continuing operations before income
tax |
-55,101,325.00 |
-66,171,081.00 |
|
Income tax expense (benefit) |
-486,621.00 |
-4,907,267.00 |
|
Income from continuing operations |
-54,614,704.00 |
-61,263,814.00 |
|
Net income (loss) |
-54,614,704.00 |
-61,263,814.00 |
|
Primary earnings per share |
-6.19 |
-6.94 |
|
Diluted earnings per share |
-6.19 |
-6.94 |
(As of 2014.05, 1 NTD = 0.0331 USD)
Cash Flows
Unit: NTD/000
|
|
2012 |
2011 |
|
Net Income (Loss) |
-54,614,704.00 |
-61,263,814.00 |
|
Depreciation Expense |
57,722,265.00 |
72,432,753.00 |
|
Amortization Expense |
1,155,578.00 |
1,196,024.00 |
|
Amortization of Discounts (Premiums) on Bonds
Payable |
674,092.00 |
561,844.00 |
|
Difference Between Net Pension Cost and Plan
Contribution |
-48,407.00 |
-57,104.00 |
|
Investment Loss (Income) Recognized under Equity
Method |
8,346,615.00 |
5,241,200.00 |
|
Cash Dividends Received from Investments
Accounted for under Equity Method |
478,362.00 |
602,427.00 |
|
Loss (Gain) on Disposal of Property, Plan and
Equipment |
3,592.00 |
4,436.00 |
|
Loss (Gain) on Disposal of Idle Assets |
152,049.00 |
-1,665.00 |
|
Loss (Gain) on Disposal of Investments |
0.00 |
-1,700,803.00 |
|
Unrealized Revaluation Loss (Gain) on Financial
Assets and Liabilities |
631,870.00 |
199,631.00 |
|
Impairment Losses on Financial Asset |
915,771.00 |
0.00 |
|
Unrealized Exchange Loss (Gain) |
-2,932,596.00 |
929,297.00 |
|
Loss (Gain) on Bond Redemption |
0.00 |
-686,972.00 |
|
Decrease (Increase) in Accounts Receivable |
7,369,831.00 |
4,844,422.00 |
|
Decrease (Increase) in Accounts Receivable -
Related Parties |
-1,395,440.00 |
2,331,191.00 |
|
Decrease (Increase) in Inventories |
2,995,800.00 |
-1,526,697.00 |
|
Decrease (Increase) in Other Prepayments |
492,794.00 |
-6,216,334.00 |
|
Decrease (Increase) in Deferred Tax Assets |
-486,621.00 |
-4,875,809.00 |
|
Increase (Decrease) in Accounts Payable |
6,421,474.00 |
-8,828,305.00 |
|
Increase (Decrease) in Accounts Payable - Related
Parties |
-7,031,043.00 |
358,416.00 |
|
Increase (Decrease) in Other Payables |
7,166,806.00 |
4,902,002.00 |
|
Net Cash Provided by (Used in) Operating
Activities |
28,018,088.00 |
8,446,140.00 |
|
Acquisition of Investments Accounted for by
Equity Method |
-7,343,915.00 |
-11,252,404.00 |
|
Proceeds from Disposal of Investments Accounted
for by Equity Method |
0.00 |
2,208,824.00 |
|
Proceeds from Capital Reduction of Investments
Accounted for under Equity Method |
2,940,000.00 |
2,585,763.00 |
|
Purchase of Property, Plant and Equipment |
-18,976,454.00 |
-30,946,330.00 |
|
Proceeds from Disposal of Property, Plant and
Equipment |
165.00 |
191,926.00 |
|
Proceeds from Disposal of Rental Assets and Idle
Assets |
162,523.00 |
117,307.00 |
|
Decrease (Increase) in Refundable Deposits |
4,105.00 |
-126,171.00 |
|
Increase in Deferred Charges |
-260,242.00 |
-475,649.00 |
|
Decrease (Increase) in Restricted Assets |
1,681.00 |
18,747.00 |
|
Purchase of Intangible Assets |
-436,553.00 |
-1,944,360.00 |
|
Net Cash Provided by (Used in) Investing
Activities |
-23,908,690.00 |
-39,622,347.00 |
|
Increase (Decrease) in Short-term Loans |
-900,000.00 |
4,400,000.00 |
|
Proceeds from Issuance of Bonds |
0.00 |
0.00 |
|
Repayments of Bonds |
-3,500,000.00 |
-6,000,000.00 |
|
Redemption and Repurchase of Convertible Bonds |
0.00 |
-2,324,610.00 |
|
Proceeds from Long-term Debt |
33,000,000.00 |
65,000,000.00 |
|
Repayment of Long-term Debt |
-39,177,628.00 |
-24,287,000.00 |
|
Increase (Decrease) in Guarantee Deposits
Received |
-120.00 |
760,134.00 |
|
Cash Dividends Paid |
0.00 |
-3,530,818.00 |
|
Net Cash Provided by (Used in) Financing
Activities |
-10,577,748.00 |
34,017,706.00 |
|
Effect of Exchange Rate Changes |
-211,981.00 |
-476,496.00 |
|
Net Increase (Decrease) in Cash and Cash
Equivalents |
-6,680,331.00 |
2,365,003.00 |
|
Cash and Cash Equivalents, Beginning of year |
54,825,447.00 |
52,460,444.00 |
|
Cash and Cash Equivalents, End of year |
48,145,116.00 |
54,825,447.00 |
|
Interest Paid |
3,887,427.00 |
3,386,256.00 |
|
Capitalized Interest |
-206,256.00 |
-409,551.00 |
|
Interest Paid- Excluding Capitalized Interest |
3,681,171.00 |
2,976,705.00 |
|
Income Tax Paid |
0.00 |
314,281.00 |
|
Current Portion of Long-term Liabilities |
38,254,729.00 |
42,677,629.00 |
|
Increase in Property, Plant and Equipment |
16,118,868.00 |
26,629,746.00 |
|
Increase (Decrease) in Payable for Equipment
Purchased |
2,857,586.00 |
4,316,584.00 |
|
Cash Paid for Acquisition of Property, Plant and
Equipment |
18,976,454.00 |
30,946,330.00 |
Note: We cannot obtain the new financial information of 2013 from official source, and the subject declined to disclose the information, either.
Bankers
Subject declined
to disclose any information about bankers, and we can not obtain the
information from other source.
Public Record
Mortgage
|
Case Type |
Certificate No. |
Debtor Name |
Document Number |
Date of Registration |
Date of Alteration |
Status |
|
Chattel Mortgage |
068772 |
Au Optronics Corp. |
580204 |
2000/12/20 |
|
Cancelled |
|
Chattel Mortgage |
069681 |
Au Optronics Corp. |
09005070170 |
2001/3/15 |
|
Cancelled |
|
Chattel Mortgage |
070195 |
Au Optronics Corp. |
09005088900 |
2001/5/1 |
2007/5/17 |
Cancelled |
|
Chattel Mortgage |
072936 |
Au Optronics Corp. |
09105076750 |
2002/4/23 |
2007/5/16 |
Cancelled |
|
Chattel Mortgage |
073882 |
Au Optronics Corp. |
09105123780 |
2002/9/2 |
|
Cancelled |
|
Chattel Mortgage |
076657 |
Au Optronics Corp. |
09205140580 |
2003/7/24 |
|
Cancelled |
|
Chattel Mortgage |
076675 |
Au Optronics Corp. |
09205140970 |
2003/7/25 |
|
Cancelled |
|
Chattel Mortgage |
078230 |
Au Optronics Corp. |
09305060830 |
2004/1/5 |
2007/5/31 |
Cancelled |
|
Chattel Mortgage |
078710 |
Au Optronics Corp. |
09305079240 |
2004/2/25 |
|
Cancelled |
|
Chattel Mortgage |
078784 |
Au Optronics Corp. |
09305082910 |
2004/3/3 |
|
Cancelled |
|
Chattel Mortgage |
079815 |
Au Optronics Corp. |
09305125640 |
2004/6/1 |
|
Cancelled |
|
Chattel Mortgage |
081296 |
Au Optronics Corp. |
09305181230 |
2004/10/13 |
|
Cancelled |
|
Chattel Mortgage |
081699 |
Au Optronics Corp. |
09305196160 |
2004/11/22 |
|
Cancelled |
|
Chattel Mortgage |
081902 |
Au Optronics Corp. |
09304991100 |
2004/12/9 |
|
Cancelled |
|
Chattel Mortgage |
082252 |
Au Optronics Corp. |
09405062870 |
2005/1/10 |
|
Cancelled |
|
Chattel Mortgage |
083877 |
Au Optronics Corp. |
09405121540 |
2005/6/15 |
|
Cancelled |
|
Chattel Mortgage |
086444 |
Au Optronics Corp. |
09505078190 |
2006/2/23 |
2007/5/17 |
Cancelled |
|
Chattel Mortgage |
087286 |
Au Optronics Corp. |
09505111590 |
2006/5/15 |
2007/5/17 |
Cancelled |
|
Chattel Mortgage |
087818 |
Au Optronics Corp. |
09505133180 |
2006/7/5 |
2007/5/16 |
Cancelled |
|
Chattel Mortgage |
088030 |
Au Optronics Corp. |
09505140480 |
2006/7/25 |
2007/5/16 |
Cancelled |
|
Chattel Mortgage |
088207 |
Au Optronics Corp. |
09505147780 |
2006/8/10 |
2007/5/16 |
Cancelled |
|
Chattel Mortgage |
095748 |
Au Optronics Corp. |
09730405670 |
2008/9/30 |
|
Cancelled |
|
Chattel Mortgage |
095749 |
Au Optronics Corp. |
09730405370 |
2008/9/30 |
|
Cancelled |
|
Chattel Mortgage |
098945 |
Au Optronics Corp. |
09830514890 |
2009/12/28 |
|
Cancelled |
|
Chattel Mortgage |
098946 |
Au Optronics Corp. |
09830514900 |
2009/12/28 |
|
Cancelled |
|
Chattel Mortgage |
098947 |
Au Optronics Corp. |
09830514880 |
2009/12/28 |
|
Cancelled |
|
Chattel Mortgage |
098949 |
Au Optronics Corp. |
09830514870 |
2009/12/28 |
|
Cancelled |
|
Chattel Mortgage |
108925 |
Au Optronics Corp. |
10231370830 |
2013/12/10 |
2014/2/11 |
|
|
Chattel Mortgage |
108926 |
Au Optronics Corp. |
10231370840 |
2013/12/10 |
2014/2/11 |
|
Lawsuit
|
Trial Number: |
102, chongsu, 39 |
|
Date of Trial: |
2013-3-19 |
|
Reason: |
Payment for goods |
|
Claimant: |
Huakang Semiconductor Co., Ltd. (Literal Translation) |
|
Defendant: |
Au Optronics Corp. |
|
2 |
|
|
Trial Number: |
101, jianshang, 102 |
|
Date of Trial: |
2013-5-28 |
|
Reason: |
Pay off debts |
|
Claimant: |
Mettler-Toledo Pac Rim AG |
|
Defendant: |
Au Optronics Corp. |
Interview Details
|
Name |
Mr. Zhang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.86 |
|
|
1 |
Rs.98.82 |
|
Euro |
1 |
Rs.80.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
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.