|
Report Date : |
13.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
ETERNAL MATERIALS
CO., LTD. |
|
|
|
|
Formerly Known as : |
Eternal Chemical Co., Ltd. |
|
|
|
|
Registered Office : |
No.578, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
03.12.1964 |
|
|
|
|
Com. Reg. No.: |
75339004 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
· engaged in manufacturing and sale of chemical products including resins materials, specialty chemical, electronic chemical materials, and semiconductor materials. Manufacturer of synthetic resin Manufacturer of electronic material Manufacturer of painting Manufacturer of plastic raw materials |
|
|
|
|
No of Employees : |
About 1,900 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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: |
|
|
Supplied Address: |
|
|
Telephone Number: |
|
|
Fax Number: |
Notes: The exact name and address are as above.
Subject was
incorporated on 1964-12-3 with registered number 75339004 as Joint Stock Company in Taiwan.
Subject was listed
on Taiwan Stock Exchange on 1994-3-31.
Change of Name:
|
Former Chinese Name |
長興化學工業股份有限公司 |
|
Current Chinese Name |
長興材料工業股份有限公司 |
|
Former English Name |
Eternal Chemical Co., Ltd. |
|
Current English Name |
Eternal Materials Co., Ltd. |
Awards
|
Year |
Awards |
|
2008 |
Blue chip importer and exporter |
|
2009 |
Blue chip importer and exporter |
|
2010 |
Blue chip importer and exporter |
Standard of Blue chip importer and
exporter
Unit: USD
|
Year |
Amount |
|
2008 |
18,000,000 |
|
2009 |
19,000,000 |
|
2010 |
15,000,000 |
|
Name |
Subscription Shares |
|
Guolun Gao |
43,002,469 |
|
Cifei Xiao |
446,813 |
|
Huaikun Yang |
13,979,467 |
|
Wutong Huang |
3,137,359 |
|
Jinkun Xie |
578,179 |
|
Yingzhi Gao |
15,884,028 |
|
Kwang Yang Motor Co., Ltd |
98,418,906 |
|
Maozheng Chen |
5,320,600 |
|
Hong Zhang |
21,640 |
The information above is that of subject’s major
shareholders.
Major Shareholder
Information:
|
Registered Name: |
Kwang Yang Motor Co., Ltd |
|
Registered Address: |
No.35, Wan Hsing Street, Sanmin District,
Kaohsiung Taiwan |
|
Date of Foundation: |
1963-3-22 |
|
Registration Number: |
75195800 |
|
Registry: |
Department of Commerce, Ministry of Economic
Affairs, R.O.C. |
|
Registered Capital: |
NTD 5,835,375,000 (USD 194,317,988) (As of 2014.7, 1 NTD = 0.0333 USD) |
|
Paid-up Capital: |
NTD 5,835,375,000 (USD 194,317,988) |
|
Legal Representatives: |
Shengfeng Ke |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-6-12 |
Branches
|
1 |
|
|
Name |
Luzhu Branch |
|
Address: |
No.22, Changing Road, Houlang Village, Luzhu District, Kaohsiung City,
Taiwan |
|
Registration Number |
84894209 |
|
Date of Registration |
1994-7-5 |
|
Status |
Dissolved |
|
Manager Name |
Mingzhao Su |
|
Date of Last Annual Return |
2001-5-31 |
|
2 |
|
|
Name |
Ping-Nan Branch |
|
Address: |
1F, 23, Ping-Nan Rd., Ping-Nan Industrial Zone, Fang-Liao Hsiang, Ping
Tung Hsien, Taiwan |
|
Registration Number |
84309782 |
|
Date of Registration |
1994-2-15 |
|
Status |
Live Company |
|
Manager Name |
Henning Liao |
|
Date of Last Annual Return |
2014-6-12 |
Related Companies:
|
1 |
|
|
Name |
Eternal Photoelectric Material Industry (Yingkou) Co., Ltd. |
|
Address: |
102 Xinhai Street, Yingkou Coastal Industrial Base ,Liaoning, China |
|
Telephone Number: |
+86-417-293-5000 |
|
Fax Number: |
+86-417-292-7935 |
|
E-mail: |
|
|
Main Product: |
Dry Film Photoresist |
|
2 |
|
|
Name |
Eternal Chemical (Tianjin) Co., Ltd. |
|
Address: |
Tianjin Dagang Petrochemical industrial Park |
|
Telephone Number: |
+86-22-5972-3366 |
|
Fax Number: |
+86-22-5972-3377 |
|
E-mail: |
|
|
Main Product: |
Acrylic Resin, Alkyd Resin |
|
3 |
|
|
Name |
Eternal Chemical (China) Co., Ltd. |
|
Address: |
566 Qingyang N. Road, Zhoushi Town, Kunshan, Jiangsu, China |
|
Telephone Number: |
+86-512-5762-2168 |
|
Fax Number: |
+86-512-5762-1859 |
|
E-mail: |
|
|
Main Product: |
General Purpose Resins, Synthetic Resins for Coatings |
|
4 |
|
|
Name |
Eternal Electronic Materials (Kunshan) Co., Ltd. |
|
Address: |
267 Qingyang Road, Zhoushi Town, Kunshan, Jiangsu, China |
|
Telephone Number: |
+86-512-5771-7512 |
|
Fax Number: |
+86-512-5771-8011 |
|
E-mail: |
|
|
Main Product: |
General Purpose Resins, Synthetic Resins for Coatings |
|
5 |
|
|
Name |
Eternal Photoelectric
Material Industry (Kunshan) Co., Ltd. |
|
Address: |
363 Changjiang N. Road, Kunshan, Jiangsu, China |
|
Telephone Number: |
+86-512-5766-9486 |
|
Fax Number: |
+86-512-5766-9489 |
|
E-mail: |
|
|
Main Product: |
Dry Film Photoresist |
|
6 |
|
|
Name |
Eternal Synthetic Resins
(Changshu) Co., Ltd. |
|
Address: |
15 Xinggang Road, Riverside Industrial Park Changshu, Jiangsu, China |
|
Telephone Number: |
+86-512-5286-0006 |
|
Fax Number: |
+86-512-5286-0007 |
|
E-mail: |
|
|
Main Product: |
Unsaturated Polyester Resins |
|
7 |
|
|
Name |
Eternal Optical Material
(Suzhou) Co., Ltd. |
|
Address: |
111 Songshan Road, SND, Suzhou, Jiangsu, China |
|
Telephone Number: |
+86-512-6805-0026 |
|
Fax Number: |
+86-512-6805-0025 |
|
E-mail: |
|
|
Main Product: |
Optical Material |
|
8 |
|
|
Name |
Eternal Technologies
(Shanghai) Co., Ltd. |
|
Address: |
1397 Yishan Road, Shanghai, China |
|
Telephone Number: |
+86-21-6401-6000 |
|
Fax Number: |
+86-21-6406-3225 |
|
E-mail: |
|
|
Main Product: |
Research and Development |
|
9 |
|
|
Name |
ESCO Specialty Coatings
(Shanghai) Co., Ltd. |
|
Address: |
NO.1269, Linxian Road, Jinshan Industrial Zone, Shanghai |
|
Telephone Number: |
+86-21-3369-2188 |
|
Fax Number: |
+86-21-3369-2269 |
|
E-mail: |
|
|
Main Product: |
Specialty Coating |
|
10 |
|
|
Name |
Eternal Chemical (Guangdong)
Co., Ltd. |
|
Address: |
Dalang Bay Industrial Zone, Nanshui Town, Zhuhai, Guangdong, China |
|
Telephone Number: |
+86-756-726-5566 |
|
Fax Number: |
+86-756-398-5577 |
|
E-mail: |
|
|
Main Product: |
General Purpose Resins, Synthetic Resins for Coatings, Unsaturated
Polyester Resins |
|
11 |
|
|
Name |
Eternal Specialty Chemical
(Zhuhai) Co., Ltd. |
|
Address: |
Biyang Road, Gaolan Petrochemical Sector of Harbor Industrial Zone,
Zhuhai, Guangdong, China |
|
Telephone Number: |
+86-756-398-5888 |
|
Fax Number: |
+86-756-398-5111 |
|
E-mail: |
|
|
Main Product: |
Specialty Monomer, Oligomer,
OPV |
|
12 |
|
|
Name |
Eternal Electronic Material
(Guangzhou) Co., Ltd. |
|
Address: |
69 Dongpeng Road, Eastern
Zone, GETDD, Guangzhou, Guangdong, China |
|
Telephone Number: |
+86-20-8226-4378 |
|
Fax Number: |
+86-20-8226-4290 |
|
E-mail: |
|
|
Main Product: |
Dry Film Photoresist |
|
13 |
|
|
Name |
Eternal Photo Electronic
Materials (Guangzhou) Co., Ltd. |
|
Address: |
No. 8, Ruihe Road, Science
City, New and High Technology Industrial Development Zone, Guangzhou,
Guangdong, China |
|
Telephone Number: |
+86-20-3220-6688 |
|
Fax Number: |
+86-20-8226-4290 |
|
E-mail: |
|
|
Main Product: |
Dry Film Photoresist |
|
14 |
|
|
Name |
Eternal Technology
Corporation |
|
Address: |
1800 Touchstone Road
Colonial Heights, VA 23834, U.S.A. |
|
Telephone Number: |
+1-804-524-8555/524-8557 |
|
Fax Number: |
+1-804-524-8556 |
|
E-mail: |
|
|
Main Product: |
Dry Film Photoresist |
|
15 |
|
|
Name |
Eternal Electronic Material
(Thailand) Co., Ltd. |
|
Address: |
335/8 Moo 9, Bangna-Trad.,
Rd., KM 19 Tambol Bangchalong AmphurBangplee, Samutprakarn 10540 |
|
Telephone Number: |
+662-750-9086/750-9097/750-9147/337-30097 |
|
Fax Number: |
+662-750-9096 |
|
E-mail: |
|
|
Main Product: |
Dry Film Photoresist |
Factories
|
1 |
|
|
Name: |
Zhongli The 2nd Factory |
|
Address: |
2/F, No. 25-2, Jilin Rd., Wenhua Li, Zhongli City, Taoyuan County,
Taiwan |
|
Date of Foundation: |
2000-7-10 |
|
Date of Registration: |
2001-3-26 |
|
Factory Registration Number: |
99626411 |
|
Factory Manager: |
Shiliang Lv |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2014-7-7 |
|
Major Products: |
199 other chemical products |
|
2 |
|
|
Name: |
Zhongli Factory |
|
Address: |
2/F, No. 27-1, Jilin Rd., Wenhua Li, Zhongli City, Taoyuan County,
Taiwan |
|
Date of Foundation: |
1995-12-23 |
|
Date of Registration: |
1997-6-30 |
|
Factory Registration Number: |
99626421 |
|
Factory Manager: |
Shiliang Lv |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2014-7-7 |
|
Major Products: |
199 other chemical products |
|
3 |
|
|
Name: |
Luzhu Factory |
|
Address: |
No. 22, Changxing Rd., Houxiang Li, Luzhu Dist., Gaoxiong City, Taiwan |
|
Date of Foundation: |
1990-12-31 |
|
Date of Registration: |
1990-12-31 |
|
Factory Registration Number: |
99661553 |
|
Factory Manager: |
Dongrong Lin |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2014-7-2 |
|
Major Products: |
184 synthetic
resin, plastic and rubber 199 other
chemical products 192 coating of
dyes and pigments 239 other
nonmetal mineral products 263 printed circuit board |
|
4 |
|
|
Name: |
Dafa Factory |
|
Address: |
No. 30, Yumin Street, Daliao Li, Daliao Dist., Gaoxiong City, Taiwan |
|
Date of Foundation: |
1990-12-31 |
|
Date of Registration: |
1990-12-31 |
|
Factory Registration Number: |
99661731 |
|
Factory Manager: |
Fengrong Zhang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2014-7-2 |
|
Major Products: |
263 printed
circuit board 269 other
electronic parts 181 basic chemical materials |
|
5 |
|
|
Name: |
Ping’nan Branch |
|
Address: |
No. 23, Ping’nan Rd., Donghai Village, Fangliao Xiang, Pingdong
County, Taiwan |
|
Date of Foundation: |
1988-10-6 |
|
Date of Registration: |
1994-10-11 |
|
Factory Registration Number: |
99665562 |
|
Factory Manager: |
Hongyi Chen |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2014-7-3 |
|
Major Products: |
199 other chemical products |
Core Management
|
1 |
|
|
Name |
Guolun Gao |
|
Position |
Chairman of the Board |
|
2 |
|
|
Name |
Huaikun Yang |
|
Position |
Director |
|
3 |
|
|
Name |
Wutong Huang |
|
Position |
Director |
|
4 |
|
|
Name |
Cifei Xiao |
|
Position |
Director |
|
5 |
|
|
Name |
Jinkun Xie |
|
Position |
Director |
|
6 |
|
|
Name |
Yingzhi Gao |
|
Position |
Director |
|
7 |
|
|
Name |
Junbin Ke |
|
Position |
Director |
|
8 |
|
|
Name |
Maozheng Chen |
|
Position |
Supervisor |
|
9 |
|
|
Name |
Hong Zhang |
|
Position |
Supervisor |
|
10 |
|
|
Name |
Mingzhao Su |
|
Position |
Manager |
|
Date of Appointment |
1998-6-15 |
|
11 |
|
|
Name |
Shunren Huang |
|
Position |
Manager |
|
Date of Appointment |
2001-1-15 |
|
12 |
|
|
Name |
Jinyuan Chen |
|
Position |
Manager |
|
Date of Appointment |
2011-2-21 |
|
13 |
|
|
Name |
Mingren Chen |
|
Position |
Manager |
|
Date of Appointment |
2011-2-21 |
|
14 |
|
|
Name |
Shuwen Yan |
|
Position |
Manager |
|
Date of Appointment |
2013-1-1 |
|
15 |
|
|
Name |
Guolun Gao |
|
Position |
Manager |
|
Date of Appointment |
2000-6-30 |
|
16 |
|
|
Name |
Jinkun Xie |
|
Position |
Manager |
|
Date of Appointment |
2001-1-15 |
Personnel
Structure
|
Total Employees |
About
1,900 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
Production
Information
l
Subject is engaged in manufacturing of
chemical products
l
Subject has factories in Taiwan for
production. It is introduced that subject has factories in mainland China and USA
for production, but we cannot obtain the detail information.
l
Subject obtained the certifications of
ISO 9001, ISO 14001 and OHSAS 18001.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
C801040 |
Manufacture of synthetic
resin |
|
CC01080 |
Manufacture of electronic material |
|
C802030 |
Manufacture of painting |
|
C802120 |
Fertilizer manufacturing industry |
|
C801050 |
Manufacturing of plastic raw materials |
|
C805990 |
Other plastic products manufacturing
process with all kinds of pressure sensitive tape (IC) |
|
C801990 |
Other chemical materials manufacturing
(photoresist, photoelectric chemical materials, constructing materials, etc.) |
|
C801020 |
Petroleum chemical raw materials
manufacturing |
|
C801010 |
Basic chemical manufacturing industry |
|
-- |
Photoresist manufacturing processing and
sales |
|
-- |
Electronic chemical manufacturing
processing and sales |
|
-- |
Polyol of manufacturing processing and
sales |
|
-- |
Methyl acrylate and acrylic acid ester of
manufacturing, processing and sales |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
l
The raw materials for production are both
purchased at home and abroad.
l
It is introduced that subject imports
some technology from abroad such as Japan, USA, Germany, and France.
l
Subject is engaged in sale of chemical
products.
l
The major products sold by the subject include
resins materials, specialty chemical, electronic chemical materials, and
semiconductor materials.
l
Subject’s sales regions include
domestic market, Japan, Korea, Singapore, Southeast Asia, USA, North America,
Europe, etc.
l
Subject has its own brand “Eternal”.
The
major products of the subject are as follows:
|
Category |
Products |
|
Resins Materials |
Synthetic resins, general
purpose resins, unsaturated polyester resins, vinyl ester resins, etc. |
|
Semiconductor materials |
Epoxy molding compound, etc. |
|
Electronic Chemical Materials |
Phenolic insulation board, carbon
board, bakelite, photoresist materials, polyimide materials, photosensitive polyimide materials, diffusion
film, reflection film, normal prism, multi-function prism film, hard coating
film, anti-finger hard coating film, etc. |
|
Specialty Chemicals |
Mono-functional monomers,
di-functional monomers, tri-functional monomers, multi-functional monomers, rigid
monomers, ethoxylated monomers, propoxylated monomers, specialty coatings,
etc. |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment
Terms |
Proportion |
|
|
Raw
materials |
T/T,
Credit Sale, etc |
100% |
Foreign Purchase
|
Payment
Terms |
Proportion |
|
|
Raw
materials |
L/C,
T/T, etc |
100% |
Sales
Domestic
Markets
|
Sales
Terms |
Proportion |
|
|
Chemicals
products, etc. |
Cash,
T/T, Credit Sale, etc |
100% |
Export
|
Sales
Terms |
Proportion |
|
|
Chemicals
products, etc. |
L/C,
T/T, etc |
100% |
Unit: NTD/000
|
|
2012-12-31* |
2011-12-31* |
|
Cash and cash equivalents |
1,468,917.00 |
214,011.00 |
|
Notes receivable - net |
612,625.00 |
541,792.00 |
|
Notes receivable - related parties - net |
1,820.00 |
2,747.00 |
|
Accounts receivable - net |
2,313,962.00 |
2,690,175.00 |
|
Accounts receivable - related parties -
net |
699,128.00 |
769,789.00 |
|
Other receivables - related parties |
122,002.00 |
124,226.00 |
|
Other financial assets - current |
328,975.00 |
32,995.00 |
|
Inventories |
2,836,294.00 |
3,100,811.00 |
|
Other current assets |
258,116.00 |
336,063.00 |
|
Current assets |
8,641,839.00 |
7,812,609.00 |
|
Available-for-sale financial assets - non
current |
581,563.00 |
482,404.00 |
|
Financial assets carried at cost - non
current |
147,754.00 |
447,754.00 |
|
Equity investments under equity method |
18,545,337.00 |
17,756,758.00 |
|
Investments |
18,545,337.00 |
17,756,758.00 |
|
Other financial assets - non current |
17,680.00 |
16,628.00 |
|
Funds and long-term investments |
19,292,334.00 |
18,703,544.00 |
|
Land |
487,080.00 |
449,008.00 |
|
Buildings and structures |
2,417,306.00 |
2,296,523.00 |
|
Machinery and equipment |
6,601,584.00 |
6,283,299.00 |
|
Warehousing equipment |
469,158.00 |
453,916.00 |
|
Testing equipment |
824,620.00 |
778,456.00 |
|
Other facilities |
79,331.00 |
85,135.00 |
|
Revaluation increment |
1,977,218.00 |
1,977,218.00 |
|
Cost and revaluation increment |
12,856,297.00 |
12,323,555.00 |
|
Accumulated depreciation |
-7,993,011.00 |
-7,584,122.00 |
|
Accumulated impairment - fixed assets |
-168,176.00 |
-168,274.00 |
|
Construction in process and prepayment for
equipments |
125,659.00 |
265,357.00 |
|
Fixed assets |
4,820,769.00 |
4,836,516.00 |
|
Deferred pension cost |
11,042.00 |
14,828.00 |
|
Other intangible assets |
47,145.00 |
83,141.00 |
|
Intangible assets |
58,187.00 |
97,969.00 |
|
Other assets - other |
9,370.00 |
36,076.00 |
|
Other assets |
9,370.00 |
36,076.00 |
|
Assets |
32,822,499.00 |
31,486,714.00 |
|
Short-term borrowings |
1,324,970.00 |
1,019,162.00 |
|
Short-term notes and bills payable |
449,683.00 |
599,318.00 |
|
Notes payable |
47,311.00 |
20,330.00 |
|
Accounts payable |
1,573,159.00 |
1,244,378.00 |
|
Income tax payable |
110,370.00 |
43,379.00 |
|
Accrued expenses |
481,557.00 |
451,023.00 |
|
Long-term liabilities - current portion |
2,070,000.00 |
0.00 |
|
Other current liabilities |
130,784.00 |
174,375.00 |
|
Current liabilities |
6,187,834.00 |
3,551,965.00 |
|
Financial liabilities measured at fair
value through profit or loss - non current |
0.00 |
5,606.00 |
|
Long-term borrowings |
5,030,000.00 |
6,300,000.00 |
|
Long-term liabilities |
5,030,000.00 |
6,305,606.00 |
|
Reserve for land revaluation increment tax |
640,717.00 |
640,717.00 |
|
Reserves |
640,717.00 |
640,717.00 |
|
Pension reserve / accrued pension
liability |
961,981.00 |
856,951.00 |
|
Deferred income tax liabilities |
1,738,488.00 |
1,617,254.00 |
|
Other liabilities - other |
3,347.00 |
1,740.00 |
|
Other liabilities |
2,703,816.00 |
2,475,945.00 |
|
Liabilities |
14,562,367.00 |
12,974,233.00 |
|
Common stock |
9,923,971.00 |
9,923,971.00 |
|
Capital surplus - additional paid-in
capital |
309,017.00 |
309,017.00 |
|
Capital surplus - treasury stock
transactions |
19,642.00 |
19,642.00 |
|
Capital surplus - long-term equity
investments |
37,099.00 |
5,889.00 |
|
Capital surplus |
365,758.00 |
334,548.00 |
|
Legal reserve |
2,497,454.00 |
2,375,769.00 |
|
Unappropriated retained earnings |
3,451,361.00 |
3,303,021.00 |
|
Retained earnings |
5,948,815.00 |
5,678,790.00 |
|
Cumulative translation adjustments |
882,985.00 |
1,499,029.00 |
|
Net loss not recognized as pension cost |
-299,574.00 |
-262,875.00 |
|
Unrealized gains (losses) on financial
instruments |
416,592.00 |
317,433.00 |
|
Unrealized Revaluation Increment |
1,021,585.00 |
1,021,585.00 |
|
Equity adjustments |
2,021,588.00 |
2,575,172.00 |
|
Stockholders- equity |
18,260,132.00 (USD
608,062,395.60) |
18,512,481.00 (USD 616,465,617.30) |
(As of 2014.07, 1 NTD = 0.0333 USD)
Unit: NTD/000
|
|
2013-12-31# |
|
Total cash and cash equivalents |
4,844,892 |
|
Notes receivable, net |
2,401,604 |
|
Accounts receivable, net |
9,842,927 |
|
Total inventories |
6,551,021 |
|
Total other current assets |
3,614,714 |
|
Total current assets |
27,255,158 |
|
Non-current available-for-sale financial
assets, net |
564,766 |
|
Non-current financial assets at cost, net |
216,559 |
|
Investments accounted for using equity
method, net |
1,460,214 |
|
Total property, plant and equipment |
13,316,224 |
|
Investment property, net |
9,243 |
|
Total intangible assets |
50,997 |
|
Deferred tax assets |
333,565 |
|
Total other non-current assets, others |
913,444 |
|
Total other non-current assets |
913,444 |
|
Total non-current assets |
16,865,012 |
|
Total assets |
44,120,170 (USD
1,469,201,661) |
|
Total short-term borrowings |
4,728,034 |
|
Total notes payable |
106,053 |
|
Total accounts payable |
3,201,633 |
|
Total other payables |
1,349,325 |
|
Current tax liabilities |
249,097 |
|
Total long-term liabilities, current
portion |
2,812,571 |
|
Other current liabilities, others |
82,409 |
|
Total other current liabilities |
2,894,980 |
|
Total current liabilities |
12,529,122 |
|
Total long-term borrowings |
7,225,059 |
|
Total deferred tax liabilities |
2,677,211 |
|
Total other non-current liabilities |
1,546,971 |
|
Total non-current liabilities |
11,449,241 |
|
Total liabilities |
23,978,363 |
|
Ordinary share |
9,923,971 |
|
Total capital stock |
9,923,971 |
|
Total capital surplus, additional paid-in
capital |
309,017 |
|
Capital surplus, treasury share
transactions |
19,642 |
|
Capital surplus, changes in equity of
associates and joint ventures accounted for using equity method |
31,210 |
|
Total capital surplus |
359,869 |
|
Legal reserve |
2,623,697 |
|
Special reserve |
426,930 |
|
Total unappropriated retained earnings
(accumulated deficit) |
4,122,181 |
|
Total retained earnings |
7,172,808 |
|
Total exchange differences on translation
of foreign financial statements |
1,909,828 |
|
Total unrealized gains (losses) on
available-for-sale financial assets |
453,754 |
|
Total other equity interest |
2,363,582 |
|
Total equity attributable to owners of
parent |
19,820,230 |
|
Non-controlling interests |
321,577 |
|
Total equity |
20,141,807 (USD
670,722,173.10) |
(As of 2014.07, 1 NTD = 0.0333 USD)
Unit: NTD/000
|
|
2012* |
2011* |
|
Sales |
16,906,798.00 (USD
562,996,373.40) |
18,476,308.00 (USD
615,261,056.40) |
|
Sales returns |
48,910.00 |
25,878.00 |
|
Sales discounts and allowances |
23,640.00 |
24,413.00 |
|
Sales |
16,834,248.00 |
18,426,017.00 |
|
Operating income |
16,834,248.00 |
18,426,017.00 |
|
Cost of sales |
14,214,412.00 |
16,176,759.00 |
|
Operating costs |
14,214,412.00 |
16,176,759.00 |
|
Gross profit (loss) from operations |
2,619,836.00 |
2,249,258.00 |
|
Selling expense |
799,203.00 |
760,020.00 |
|
General and administrative expenses |
566,247.00 |
566,375.00 |
|
Research and development expenses |
932,363.00 |
818,042.00 |
|
Operating expenses |
2,297,813.00 |
2,144,437.00 |
|
Operating income (loss) |
322,023.00 |
104,821.00 |
|
Income from long-term equity investments under
the equity method |
1,256,843.00 |
1,187,123.00 |
|
Investment income |
1,256,843.00 |
1,187,123.00 |
|
Gains on sale of investments |
7,864.00 |
44,929.00 |
|
Foreign exchange gains |
0.00 |
83,428.00 |
|
Miscellaneous income |
236,781.00 |
229,449.00 |
|
Non-operating revenues and gains |
1,501,488.00 |
1,544,929.00 |
|
Interest expense |
168,058.00 |
165,644.00 |
|
Foreign exchange losses |
117,131.00 |
0.00 |
|
Miscellaneous disbursements |
11,574.00 |
12,839.00 |
|
Non-operating expenses and losses |
296,763.00 |
178,483.00 |
|
Income from continuing operations before
income tax |
1,526,748.00 |
1,471,267.00 |
|
Income tax expense (benefit) |
264,326.00 |
254,410.00 |
|
Income from continuing operations |
1,262,422.00 |
1,216,857.00 |
|
Net income (loss) |
1,262,422.00 (USD
42,038,652.60) |
1,216,857.00 (USD 40,521,338.10) |
|
Income (loss) from continuing operations |
1.27 |
1.23 |
|
Primary earnings per share |
1.27 |
1.23 |
|
Cumulative effect of changes in accounting
principle |
1.27 |
1.23 |
|
Diluted earnings per share |
1.27 |
1.23 |
(As of 2014.07, 1 NTD
= 0.0333 USD)
Unit: NTD/000
|
|
2013# |
|
Total operating revenue |
38,189,390 (USD
1,271,706,687) |
|
Total operating costs |
31,344,833 |
|
Gross profit (loss) from operations |
6,844,557 |
|
Gross profit (loss) from operations |
6,844,557 |
|
Total selling expenses |
1,814,168 |
|
Total administrative expenses |
1,466,695 |
|
Total research and development expenses |
1,226,904 |
|
Total operating expenses |
4,507,767 |
|
Net operating income (loss) |
2,336,790 |
|
Total other income |
330,411 |
|
Foreign exchange gains |
230,893 |
|
Gains on financial assets (liabilities) at
fair value through profit or loss |
21,638 |
|
Miscellaneous disbursements |
69,527 |
|
Foreign exchange losses |
0 |
|
Other gains and losses, net |
183,004 |
|
Finance costs, net |
313,998 |
|
Share of profit (loss) of associates and
joint ventures accounted for using equity method, net |
76,190 |
|
Total non-operating income and expenses |
275,607 |
|
Profit (loss) from continuing operations
before tax |
2,612,397 |
|
Total tax expense (income) |
675,167 |
|
Profit (loss) from continuing operations |
1,937,230 |
|
Profit (loss) |
1,937,230 |
|
Exchange differences on translation |
1,030,811 |
|
Unrealised gains (losses) on valuation of
available-for-sale financial assets |
45,513 |
|
Actuarial gains (losses) on defined
benefit plans |
13,393 |
|
Income tax related to components of other comprehensive
income |
2,277 |
|
Other comprehensive income, net |
1,087,440 |
|
Total comprehensive income |
3,024,670 |
|
Profit (loss), attributable to owners of
parent |
1,929,799 |
|
Profit (loss), attributable to
non-controlling interests |
7,431 |
|
Comprehensive income, attributable to
owners of parent |
3,013,271 |
|
Comprehensive income, attributable to
non-controlling interests |
11,399 |
|
Basic earnings (loss) per share from
continuing operations |
1.94 |
|
Total basic earnings per share |
1.94 |
|
Diluted earnings (loss) per share from
continuing operations |
1.94 |
|
Total diluted earnings per share |
1.94 |
(As of 2014.07, 1 NTD = 0.0333 USD)
Unit: NTD/000
|
|
2012* |
2011* |
|
Cash Flows from Operating Activities -
Indirect Method |
|
|
|
Net Income (Loss) |
1,262,422.00 |
1,216,857.00 |
|
Adjustments to Reconcile Net Income to Net
Cash Provided by (Used in) Operating Activities |
|
|
|
Depreciation Expense |
471,848.00 |
449,113.00 |
|
Amortization Expense |
38,058.00 |
43,143.00 |
|
Provision (Reversal of Provision) for Bad
Debts Losses |
8,410.00 |
-8,336.00 |
|
Loss (Gain) on Decline (Recovery) in
Market Value, Scrap and Obsolescence of Inventories |
-10,255.00 |
4,283.00 |
|
Investment Loss (Income) Recognized under
Equity Method |
-1,256,843.00 |
-1,187,123.00 |
|
Cash Dividends Received from Investments
Accounted for under Equity Method |
517,094.00 |
79,410.00 |
|
Loss (Gain) on Disposal of Property, Plant
and Equipment |
2,339.00 |
3,179.00 |
|
Loss (Gain) on Disposal of Investments |
-7,815.00 |
-44,929.00 |
|
Unrealized Revaluation Loss (Gain) on
Financial Assets and Liabilities |
-5,606.00 |
-5,475.00 |
|
Impairment Losses on Financial Asset |
0.00 |
0.00 |
|
Impairment Loss on Non-Financial Assets |
0.00 |
0.00 |
|
Other Adjustments to Reconcile Net Income |
0.00 |
0.00 |
|
Decrease (Increase) in Notes Receivable |
-69,906.00 |
48,056.00 |
|
Decrease (Increase) in Accounts Receivable |
367,804.00 |
-224,450.00 |
|
Decrease (Increase) in Accounts Receivable
- Related Parties |
70,661.00 |
138,314.00 |
|
Decrease (Increase) in Other Receivable-
Related Parties |
2,225.00 |
18,024.00 |
|
Decrease (Increase) in Inventories |
274,772.00 |
23,433.00 |
|
Decrease (Increase) in Other Current
Assets |
33,353.00 |
83,041.00 |
|
Decrease (Increase) in Other Financial
Assets |
4,019.00 |
-15,519.00 |
|
Decrease (Increase) in Deferred Tax Assets |
165,826.00 |
216,668.00 |
|
Increase (Decrease) in Notes Payable |
26,981.00 |
-5,747.00 |
|
Increase (Decrease) in Accounts Payable |
328,781.00 |
-434,872.00 |
|
Increase (Decrease) in Accounts Payable -
Related Parties |
0.00 |
0.00 |
|
Increase (Decrease) in Income Tax Payable |
66,991.00 |
-50,573.00 |
|
Increase (Decrease) in Accrued Expenses |
30,534.00 |
-29,204.00 |
|
Increase (Decrease) in Other Financial
Liabilities |
0.00 |
0.00 |
|
Increase (Decrease) in Other Current
Liabilities |
-11,204.00 |
-1,075.00 |
|
Increase (Decrease) in Accrued Pension
Liabilities |
72,117.00 |
77,405.00 |
|
Net Cash Provided by (Used in) Operating
Activities |
2,382,606.00 |
393,623.00 |
|
Cash Flows from Investing Activities |
|
|
|
Proceeds from Disposal of
Available-for-sale Financial Assets |
0.00 |
8,941.00 |
|
Proceeds from Disposal of Financial Assets
Carried at Cost |
0.00 |
8,814.00 |
|
Capital Reduction of Financial Assets
Carried at Cost |
0.00 |
37,105.00 |
|
Proceeds from Disposal of Investments Accounted
for by Equity Method |
16,585.00 |
48,750.00 |
|
Acquisition of Subsidiaries |
-642,434.00 |
-78,448.00 |
|
Proceeds from Capital Reduction of
Investments Accounted for under Equity Method |
0.00 |
0.00 |
|
Purchase of Property, Plant and Equipment |
-491,026.00 |
-590,646.00 |
|
Proceeds from Disposal of Property, Plant
and Equipment |
1,896.00 |
2,573.00 |
|
Proceeds from Disposal of Rental Assets
and Idle Assets |
24,596.00 |
0.00 |
|
Purchase of Intangible Assets |
-1,650.00 |
-11,062.00 |
|
Decrease (Increase) in Other Financial
Assets |
-1,052.00 |
-1,021.00 |
|
Net Cash Provided by (Used in) Investing
Activities |
-1,093,085.00 |
-574,994.00 |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
305,808.00 |
449,510.00 |
|
Increase (Decrease) in Short-term Notes
and Bills Payable |
-149,635.00 |
599,318.00 |
|
Increase (Decrease) in Long-term
Liabilities |
800,000.00 |
-150,000.00 |
|
Increase (Decrease) in Other Liabilities |
1,609.00 |
257.00 |
|
Cash Dividends Paid |
-992,397.00 |
-1,417,710.00 |
|
Cash Bonus to Directors, Supervisors and
Employees |
0.00 |
0.00 |
|
Proceeds from Issuance of Shares |
0.00 |
0.00 |
|
Net Cash Provided by (Used in) Financing
Activities |
-34,615.00 |
-518,625.00 |
|
Net Increase (Decrease) in Cash and Cash
Equivalents |
1,254,906.00 |
-699,996.00 |
|
Cash and Cash Equivalents, Beginning of
year |
214,011.00 |
914,007.00 |
|
Cash and Cash Equivalents, End of year |
1,468,917.00 |
214,011.00 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid |
182,258.00 |
166,019.00 |
|
Capitalized Interest |
-2,402.00 |
-2,562.00 |
|
Interest Paid- Excluding Capitalized
Interest |
179,856.00 |
163,457.00 |
|
Income Tax Paid |
31,509.00 |
88,313.00 |
|
Investing Activities Affecting Both Cash
and Non-cash Items |
|
|
|
Acquisition of Subsidiaries |
2,554.00 |
78,448.00 |
|
Cash Paid for Acquisition of Property,
Plant and Equipment |
|
|
|
Increase in Property, Plant and Equipment |
458,637.00 |
579,701.00 |
|
Increase (Decrease) in Payable for
Equipment Purchased |
32,389.00 |
10,945.00 |
|
Cash Paid for Acquisition of Property,
Plant and Equipment |
491,026.00 |
590,646.00 |
|
Other Supplemental Information |
|
|
|
Total payment for acquiring the subsidiary
(Based on 100% ownership) |
2,554.00 |
78,448.00 |
|
Less: Cash balance of the Subsidiary
(Based on 100% ownership) |
0.00 |
0.00 |
Unit: NTD/000
|
|
2013# |
|
Cash flows from (used in) operating
activities, indirect method |
|
|
Profit (loss) from continuing operations
before tax |
2,612,397 |
|
Profit (loss) before tax |
2,612,397 |
|
Depreciation expense |
1,407,881 |
|
Amortization expense |
47,558 |
|
Provision (reversal of provision) for bad
debt expense |
-15,557 |
|
Net loss (gain) on financial assets or
liabilities at fair value through profit or loss |
-21,638 |
|
Interest expense |
320,086 |
|
Interest income |
-136,639 |
|
Dividend income |
-22,737 |
|
Share of loss (profit) of associates and joint
ventures accounted for using equity method |
-76,190 |
|
Loss (gain) on disposal of property, plan
and equipment |
2,577 |
|
Loss (gain) on disposal of investments |
-1,326 |
|
Other adjustments to reconcile profit
(loss) |
17,576 |
|
Total adjustments to reconcile profit
(loss) |
1,521,591 |
|
Decrease (increase) in notes receivable |
-137,463 |
|
Decrease (increase) in accounts receivable |
-1,092,912 |
|
Decrease (increase) in inventories |
-31,352 |
|
Decrease (increase) in other current
assets |
500,084 |
|
Total changes in operating assets |
-761,643 |
|
Increase (decrease) in notes payable |
58,742 |
|
Increase (decrease) in accounts payable |
-37,122 |
|
Increase (decrease) in other payable |
182,715 |
|
Increase (decrease) in other financial
liabilities |
21,190 |
|
Increase (decrease) in other current
liabilities |
-30,773 |
|
Increase (decrease) in accrued pension
liabilities |
47,099 |
|
Total changes in operating liabilities |
241,851 |
|
Total changes in operating assets and
liabilities |
-519,792 |
|
Total adjustments |
1,001,799 |
|
Cash inflow (outflow) generated from
operations |
3,614,196 |
|
Interest received |
102,952 |
|
Dividends received |
153,741 |
|
Interest paid |
-319,779 |
|
Income taxes refund (paid) |
-442,200 |
|
Net cash flows from (used in) operating
activities |
3,108,910 |
|
Proceeds from disposal of
available-for-sale financial assets |
67,012 |
|
Proceeds from disposal of financial assets
at cost |
30,676 |
|
Acquisition of investments accounted for
using equity method |
-58,610 |
|
Net cash flow from acquisition of
subsidiaries |
-113,824 |
|
Acquisition of property, plant and
equipment |
-1,437,631 |
|
Proceeds from disposal of property, plant
and equipment |
61,164 |
|
Acquisition of intangible assets |
-3,716 |
|
Proceeds from disposal of investment
properties |
0 |
|
Increase in other non-current assets |
-4,981 |
|
Other investing activities |
-821,788 |
|
Net cash flows from (used in) investing
activities |
-2,281,698 |
|
Increase in short-term loans |
249,688 |
|
Increase in short-term notes and bills
payable |
-449,683 |
|
Proceeds from long-term debt |
14,541,892 |
|
Repayments of long-term debt |
-13,682,573 |
|
Decrease in other non-current liabilities |
-23,835 |
|
Cash dividends paid |
-1,091,637 |
|
Change in non-controlling interests |
14,185 |
|
Net cash flows from (used in) financing
activities |
-441,963 |
|
Effect of exchange rate changes on cash
and cash equivalents |
328,639 |
|
Net increase (decrease) in cash and cash
equivalents |
713,888 |
|
Cash and cash equivalents at beginning of
period |
4,131,004 |
|
Cash and cash equivalents at end of period |
4,844,892 |
|
Cash and cash equivalents reported in the statement
of financial position |
4,844,892 |
Note:
(*) Figures are based on the Taiwan generally accepted accounting
principle.
(#) Figures are based on the IFRSs Accounting System.
Subject declined to disclose any information about bankers, and we cannot obtain the information from other source.
Mortgage
No chattel mortgage record of subject has been found within
the recent 3 months.
Lawsuit
Up to date of reporting,
no existing or latent litigation of the subject has been found.
|
Name |
Ms. Chen |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.84 |
|
UK Pound |
1 |
Rs.98.72 |
|
Euro |
1 |
Rs.78.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.