|
Report Date : |
26.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
INNOLUX CORPORATION |
|
|
|
|
Registered Office : |
No.160, Kesyue Rd., Jhunan Science Park, Miaoli County 350, Taiwan, R.O.C. |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
14.01.2003 |
|
|
|
|
Com. Reg. No.: |
12800225 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of electronic
products. |
|
|
|
|
No. of Employees : |
About 97,529 Employees (As of 2014-4-30) |
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: |
|
|
Former Name: |
Chimei Innolux Corporation |
|
Supplied Name: |
|
|
Trading Address: |
No.160, Kesyue Rd., Jhunan Science Park,
Miaoli County 350, Taiwan, R.O.C. |
|
Supplied Address: |
No. 160, kesyue Rd, Chu-Nan Site Hsiinchu
Science park, Chu-Nan Miao-Li |
|
Telephone Number: |
+886-37-586-000 |
Notes: The exact name
and address are as above.
Subject was incorporated on 2003-1-14 with registered
number12800225 as Joint Stock
Company in Taiwan.
Subject listed on
Taiwan stock exchange on 2006-10-24.
Change
of Name
|
Former Chinese
Name: |
奇美電子股份有限公司 |
|
Current Chinese
Name: |
群創光電股份有限公司 |
|
Former English Name: |
Chimei Innolux Corporation |
|
Current English Name: |
Innolux Corporation |
Factories
|
1 |
|
|
Name: |
Nanke Plant |
|
Address: |
2F., Block B,
No.12, Nanke 8th Rd., Shanhua Dist., Tainan City, Taiwan (R.O.C.) |
|
Date of
Registration: |
2011-3-10 |
|
Factory
Registration Number: |
94A00306 |
|
Factory Manager: |
Hongwen Yang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-5-21 |
|
Major Products: |
264 Optical
materials and components |
|
2 |
|
|
Name: |
Nanke Plant 2 |
|
Address: |
Zone A, B and C,
2F, TSOC, No.3, Sec. 1, Huanxi Rd., Tainan City, Taiwan (R.O.C.) |
|
Date of
Registration: |
2012-1-31 |
|
Factory
Registration Number: |
94B00306 |
|
Factory Manager: |
Hongwen Yang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-1-15 |
|
Major Products: |
264 Optical
materials and components |
|
3 |
|
|
Name: |
Plant A |
|
Address: |
No.1, Qiye Rd.,
Tainan City, Taiwan (R.O.C.) (Except for A Zone and B Zone) |
|
Date of
Registration: |
2013-1-15 |
|
Factory
Registration Number: |
94C00306 |
|
Factory Manager: |
Zhichao Wang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-2-25 |
|
Major Products: |
264 Optical
materials and components |
|
4 |
|
|
Name: |
Plant B |
|
Address: |
No.2, Sec. 2,
Huanxi Rd., Tainan City, Taiwan (R.O.C.) |
|
Date of
Registration: |
2013-1-15 |
|
Factory
Registration Number: |
94D00306 |
|
Factory Manager: |
Zhichao Wang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-2-25 |
|
Major Products: |
264 Optical
materials and components 332 Medical
equipment and products |
|
5 |
|
|
Name: |
Plant C |
|
Address: |
No.12, Nanke 8th
Rd., Shanhua Dist., Tainan City, Taiwan (R.O.C.) (Except for Block A, 2F A
Zone, B Zone, C Zone and D Zone, Block A, 3F, Block B, 3F A Zone and Block B,
2F) |
|
Date of
Registration: |
2013-1-15 |
|
Factory
Registration Number: |
94E00306 |
|
Factory Manager: |
Zhichao Wang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-7-5 |
|
Major Products: |
264 Optical
materials and components 332 Medical
equipment and products |
|
6 |
|
|
Name: |
Plant D |
|
Address: |
No.3, Sec. 1, Huanxi
Rd., Tainan City, Taiwan (R.O.C.) (FAB7, 1F, A Zone, 1F, C Zone, 3F, B Zone
and TSOC, 2F, A Zone, B Zone, C Zone and TOC FAB, 6F, E Zone, SUP 6F, F Zone,
SUP 1F G Zone) |
|
Date of
Registration: |
2013-1-15 |
|
Factory
Registration Number: |
94F00306 |
|
Factory Manager: |
Zhichao Wang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2014-7-24 |
|
Major Products: |
264 Optical
materials and components 332 Medical
equipment and products |
|
7 |
|
|
Name: |
Plant F |
|
Address: |
No.11, Luke 10th
Rd., Luzhu Dist., Kaohsiung City, Taiwan (R.O.C.) (Except for 7F, Room A) |
|
Date of
Registration: |
2013-1-15 |
|
Factory
Registration Number: |
94G00306 |
|
Factory Manager: |
Zhichao Wang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-2-25 |
|
Major Products: |
264 Optical
materials and components |
|
8 |
|
|
Address: |
No.12, Nanke 8th
Rd., Shanhua Dist., Tainan City, Taiwan (R.O.C.) (Block A, 3F, 4F, A Zone,
Block B, 3F, A Zone) |
|
Date of
Registration: |
2004-11-11 |
|
Factory Registration
Number: |
95A00570 |
|
Factory Manager: |
Hongwen Yang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-1-7 |
|
Major Products: |
264 Optical
materials and components |
|
9 |
|
|
Name: |
Plant T1 |
|
Address: |
No.160, Kesyue Rd., Jhunan Science Park, Miaoli County 350, Taiwan,
R.O.C. |
|
Date of
Registration: |
2004-11-11 |
|
Factory
Registration Number: |
95A00570 |
|
Factory Manager: |
Hongwen Yang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-1-7 |
|
Major Products: |
264 Optical
materials and components |
|
10 |
|
|
Name |
Plant T3 |
|
Address |
No. 12, Kejung
Road, Jhunan Science Park, Miaoli County 35053, Taiwan (R.O.C.) |
|
Tel |
+886 37 586 393 |
|
11 |
|
|
Name |
Fab Nanjing |
|
Address |
No. 93, Fu Cheng
West Road, Jiangning Economic and Technical Development Zone, Nanjing, China |
|
Tel |
+86 25 5118 1688 |
|
12 |
|
|
Name |
Fab Shanghai |
|
Address |
No. 272, Ba
Sheng Road, New Customs, Wai Gao Qiao Free Trade Zone, 200131 Pudong, Shanghai,
China |
Offices
|
1 |
|
|
Name |
Neihu Office |
|
Address |
2F., No.35, Ln.
513, Ruiguang Rd., Neihu Dist., Taipei City 11466, Taiwan (R.O.C.) |
|
Tel |
+886-37-586000 |
|
2 |
|
|
Name |
Ningbo office |
|
Address |
No.16, YangZi
River North Rd., Ningbo Export Processing Zone, 315800, China |
|
Tel |
+86 574 8686
5999 |
|
3 |
|
|
Name |
Nanhai Office |
|
Address |
Xingye North
Rd., Naihai Science & Technology Industry Garden, Nanhai Foshan,
Guangdong, 528325, China |
|
Tel |
+86 757 8879
9999 |
|
4 |
|
|
Name |
Japan Office |
|
Address |
8F, kowa
kawasaki-nishiguchi Bldg., 66-2 horikawa-cho, Saiwai-ku, Kawasaki-City,
Kanagawa 212-0013, Japan |
|
Tel |
+81-44-542-7761 |
Related Companies
|
1 |
|
|
Name |
Innolux Europe
B.V. |
|
Address |
Jupiterstraat
106, 2132HE Hoofddorp, The Netherlands |
|
Tel |
+31 235 671 050 |
|
2 |
|
|
Name |
Innolux USA,
Inc. |
|
Address |
101 Metro Drive Suite
510, San Jose, CA 95110, U.S.A. |
|
Tel |
+1 408 573 8438
(8IDT) |
|
3 |
|
|
Name |
Innolux Germany
GmbH |
|
Address |
Hanns-Martin-Schleyer
Strasse 9b-9c, 47877 Willich-Munchheide, Germany |
|
Tel |
+49 (0)2154
81478 0 |
Branches
|
Name |
Innolux
Corporation Tree Valley Branch |
|
Former Name |
Chimei Innolux
Corporation Tree Valley Branch |
|
Registered
Address |
No.21, Zihlian
Rd., Sinshih Dist., Tainan City 744, Taiwan (R.O.C.) |
|
Registration
Number |
13111612 |
|
Date of
Registration |
2006-11-6 |
|
Manager Name |
Zhichao Wang |
|
Date of Last
Annual Return |
2013-1-3 |
Major Shareholders
|
Name |
Subscription Shares |
|
Xingjian Duan |
17,601,561 |
|
Hongyang Entrepreneurship Investment Co.,
Ltd (Liberal Translation) |
|
|
176,311,219 |
|
|
Jialian Investment Co., Ltd (Liberal Translation) |
10,672,661 |
|
Yichen Investment Co., Ltd (Liberal Translation) |
27,535,972 |
Shareholder
Information:
|
1 |
|
|
Registered Name: |
Hongyang
Entrepreneurship Investment Co., Ltd (Liberal Translation) |
|
Registered Address: |
15F., No.207, Sec. 3, Beixin Rd., Xindian Dist., New Taipei City,
Taiwan (R.O.C.) |
|
Date of Foundation: |
2006-9-6 |
|
Registration Number: |
97164611 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 4,790,000,000 (USD 158,549,000) (As of 2014.09, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 4,790,000,000 (USD 158,549,000) |
|
Legal Representatives: |
Decai Huang |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2013-12-4 |
|
2 |
|
|
Registered Name: |
Jialian
Investment Co., Ltd (Liberal Translation) |
|
Registered Address: |
3F., No.178-2, Sec. 2, Nanchang Rd., Zhongzheng Dist., Taipei City,
Taiwan (R.O.C.) |
|
Date of Foundation: |
2002-11-18 |
|
Registration Number: |
80347757 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 500,000,000 (USD 16,550,000) (As of 2014.09, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 500,000,000 (USD 16,550,000) |
|
Legal Representatives: |
Meiyun Shi |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2013-8-27 |
|
3 |
|
|
Registered Name: |
Yichen
Investment Co., Ltd (Liberal Translation) |
|
Registered Address: |
8F.-5, No.1, Sec. 1, Fuxing S. Rd., Songshan Dist., Taipei City, Taiwan
(R.O.C.) |
|
Date of Foundation: |
2002-10-1 |
|
Registration Number: |
80050804 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 500,000,000 (USD 16,550,000) (As of 2014.09, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD (USD ) |
|
Legal Representatives: |
Kailin Huang |
|
Legal Form: |
Private Limited Liability Company |
|
Date of Last Annual Return: |
2013-4-18 |
Core Management
Directors
|
1 |
||
|
Name |
Xingjian Duan |
|
|
Position |
Board
Chairman/Manager |
|
|
Date of Appointment |
2002-11-23 |
|
|
2 |
||
|
Name |
Hongren Zhuang |
|
|
Position |
Director |
|
|
3 |
||
|
Name |
Zhichao Wang |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Yulin Yan |
|
|
Position |
Independent
Director |
|
|
5 |
||
|
Name |
Qijia Xie |
|
|
Position |
Independent
Director |
|
|
6 |
||
|
Name |
Decai Huang |
|
|
Position |
Supervisor |
|
|
7 |
||
|
Name |
Renguang Lin |
|
|
Position |
Supervisor |
|
|
9 |
||
|
Name |
Yifang Chen |
|
|
Position |
Supervisor |
|
Personnel Structure
|
Total
Employees |
About
97,529 Employees (As of
2014-4-30) |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.160, Kesyue Rd., Jhunan Science Park, Miaoli County 350, Taiwan,
R.O.C. |
Production Information
l
Subject is engaged in manufacturing of
electronic products and etc.
l
Subject has factories in Taiwan and the
mainland of China for production.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CC01080 |
Manufacturing of electronic components and parts. |
|
F401010 |
International trading business. |
|
CC01010 |
Manufacturing of machinery for electricity
generation, electricity transmission and distribution of electricity. |
|
CC01090 |
Manufacturing of battery. |
|
IG03010 |
Energy service industry. |
|
CC01030 |
Manufacturing of electrical appliances and audio
visual electronic products. |
|
I501010 |
Designing for products. |
|
F401021 |
Importing radio-frequency equipment under telecommunication
regular. |
|
CF01011 |
Manufacturing of medical equipment. |
|
C901020 |
Manufacturing of glass and glass products. |
|
C801100 |
Manufacturing of synthetic resin and plastic. |
|
C805070 |
Manufacturing of reinforced plastics. |
|
C801990 |
Manufacturing of other chemical materials. |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
It is introduced that subject purchases its components
and etc both at home and abroad.
l
Subject is engaged in sale of
electronic products and etc.
l
The major products are display, and its
modules, semi-finished product and so on.
l
Subject’s sales regions cover Asia,
Europe, America and etc.
l
Subject’s major customers are manufacturers of
computer, telecommunication equipment, medical equipment, industrial machinery
and etc.
l
It is introduced that subject’s products are
applied to LCD TV Application, Industrial Display Application, Consumer
Electronics Applications, Monitor Application, Medical Display Application,
Automotive and Avionics Display Application, Tablet/Hybrid Solution
Application, Smart phone/ Mobile Applications, Notebook Application and etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
Components and etc |
|
Payment Terms |
Cash, T/T and etc |
2.
Import
|
Products |
Components and etc |
|
Payment Terms |
Sales
1.
Domestic Markets
|
Product |
Electronic products and etc |
|
Selling Terms |
Cash, T/T and etc |
2.
Export
|
Product |
Electronic products and etc |
|
Selling Terms |
L/C, T/T and etc |
Unit: NTD/000
|
|
2013-12-31 |
2012-12-31 |
|
Assets |
|
|
|
Current assets |
|
|
|
Cash and cash
equivalents |
|
|
|
Total cash and
cash equivalents |
44,137,818 |
40,897,977 |
|
Current
financial assets at fair value through profit or loss |
|
|
|
Total current financial
assets at fair value through profit or loss |
227,703 |
68,248 |
|
Current
available-for-sale financial assets |
|
|
|
Current
available-for-sale financial assets, net |
0 |
40,230 |
|
Accounts
receivable, net |
|
|
|
Accounts
receivable, net |
66,358,291 |
74,716,998 |
|
Accounts
receivable due from related parties, net |
|
|
|
Accounts
receivable due from related parties, net |
2,049,985 |
8,550,228 |
|
Other
receivables |
|
|
|
Other receivables,
net |
4,255,683 |
2,625,273 |
|
Inventories |
|
|
|
Total
inventories |
50,524,156 |
42,067,569 |
|
Prepayments |
|
|
|
Total
prepayments |
1,194,871 |
968,195 |
|
Non-current
assets classified as held for sale, net |
|
|
|
Non-current
assets classified as held for sale, net |
113,681 |
423,596 |
|
Other current
assets |
|
|
|
Other current
financial assets |
2,544,567 |
2,608,917 |
|
Other current
assets, others |
295,214 |
172,168 |
|
Total other
current assets |
2,839,781 |
2,781,085 |
|
Total current
assets |
171,701,969 |
173,139,399 |
|
Non-current
assets |
|
|
|
Non-current
financial assets at fair value through profit or loss |
|
|
|
Total non-current
financial assets at fair value through profit or loss |
712,603 |
145,879 |
|
Non-current
available-for-sale financial assets |
|
|
|
Non-current
available-for-sale financial assets, net |
3,952,530 |
5,008,711 |
|
Non-current
financial assets at cost |
|
|
|
Non-current
financial assets at cost, net |
0 |
198,490 |
|
Investments
accounted for using equity method |
|
|
|
Investments
accounted for using equity method, net |
4,919,134 |
5,380,385 |
|
Property, plant
and equipment |
|
|
|
Total property,
plant and equipment |
273,505,759 |
332,525,859 |
|
Investment
property, net |
|
|
|
Investment
property, net |
706,850 |
720,023 |
|
Intangible
assets |
|
|
|
Total
intangible assets |
21,214,994 |
22,909,059 |
|
Deferred tax
assets |
18,123,869 |
17,819,097 |
|
Other
non-current assets |
|
|
|
Other
non-current financial assets |
|
|
|
Total other
non-current financial assets |
12,327,722 |
12,416,790 |
|
Other
non-current assets, others |
|
|
|
Total other
non-current assets, others |
1,035,455 |
1,199,465 |
|
Total other
non-current assets |
13,363,177 |
13,616,255 |
|
Total
non-current assets |
336,498,916 |
398,323,758 |
|
Total assets |
508,200,885 |
571,463,157 |
|
Total assets
(USD) |
16,821,449,294 |
18,915,430,497 |
|
Liabilities |
|
|
|
Current
liabilities |
|
|
|
Short-term
borrowings |
|
|
|
Total
short-term borrowings |
31,179,767 |
45,521,548 |
|
Short-term
notes and bills payable |
|
|
|
Total
short-term notes and bills payable |
0 |
699,430 |
|
Current
financial liabilities at fair value through profit or loss |
|
|
|
Total current financial
liabilities at fair value through profit or loss |
689,097 |
1,238,305 |
|
Accounts
payable |
|
|
|
Total accounts
payable |
65,435,586 |
81,501,720 |
|
Accounts
payable to related parties |
|
|
|
Total accounts payable
to related parties |
8,756,243 |
13,714,317 |
|
Other payables |
|
|
|
Total other
payables |
20,372,113 |
20,953,991 |
|
Current tax
liabilities |
454,482 |
423,071 |
|
Current
provisions |
|
|
|
Total current
provisions |
2,292,511 |
1,134,776 |
|
Other current
liabilities |
|
|
|
Long-term
liabilities, current portion |
|
|
|
Total long-term
liabilities, current portion |
169,097,708 |
70,649,844 |
|
Other current
liabilities, others |
2,309,244 |
1,729,937 |
|
Total other
current liabilities |
171,406,952 |
72,379,781 |
|
Total current
liabilities |
300,586,751 |
237,566,939 |
|
Non-current
liabilities |
|
|
|
Non-current
financial liabilities at fair value through profit or loss |
|
|
|
Total
non-current financial liabilities at fair value through profit or loss |
0 |
289 |
|
Non-current
derivative financial liabilities for hedging |
21,918 |
391,630 |
|
Bonds payable |
|
|
|
Total bonds
payable |
0 |
0 |
|
Long-term
borrowings |
|
|
|
Total long-term
borrowings |
0 |
152,097,405 |
|
Deferred tax
liabilities |
|
|
|
Total deferred
tax liabilities |
909,708 |
1,088,566 |
|
Other
non-current liabilities |
|
|
|
Total other non-current
liabilities |
12,104,654 |
8,961,303 |
|
Total
non-current liabilities |
13,036,280 |
162,539,193 |
|
Total
liabilities |
313,623,031 |
400,106,132 |
|
Equity |
|
|
|
Equity
attributable to owners of parent |
|
|
|
Share capital |
|
|
|
Ordinary share |
91,094,288 |
79,129,708 |
|
Total capital
stock |
91,094,288 |
79,129,708 |
|
Capital surplus |
|
|
|
Capital
surplus, additional paid-in capital |
|
|
|
Total capital
surplus, additional paid-in capital |
94,106,611 |
118,065,992 |
|
Capital
surplus, changes in equity of associates and joint ventures accounted for
using equity method |
56,303 |
24,241 |
|
Capital
surplus, net assets from merger |
0 |
0 |
|
Capital
surplus, employee share options |
1,697,935 |
1,587,747 |
|
Capital
Surplus, restricted stock |
197,892 |
0 |
|
Total capital
surplus |
96,058,741 |
119,677,980 |
|
Retained
earnings |
|
|
|
Legal reserve |
2,328,981 |
2,328,981 |
|
Unappropriated
retained earnings (accumulated deficit) |
|
|
|
Total
unappropriated retained earnings (accumulated deficit) |
5,092,716 |
-27,308,220 |
|
Total retained
earnings |
7,421,697 |
-24,979,239 |
|
Other equity
interest |
|
|
|
Exchange
differences on translation of foreign financial statements |
|
|
|
Total exchange
differences on translation of foreign financial statements |
-78,074 |
-2,818,705 |
|
Unrealized
gains (losses) on available-for-sale financial assets |
|
|
|
Total
unrealized gains (losses) on available-for-sale financial assets |
-1,544,345 |
-1,609,513 |
|
Gains (losses)
on effective portion of cash flow hedges |
|
|
|
Total gains
(losses) on effective portion of cash flow hedges |
478,190 |
423,629 |
|
Other equity,
others |
|
|
|
Total other
equity, others |
-387,268 |
0 |
|
Total other
equity interest |
-1,531,497 |
-4,004,589 |
|
Total equity attributable
to owners of parent |
193,043,229 |
169,823,860 |
|
Non-controlling
interests |
1,534,625 |
1,533,165 |
|
Total equity |
194,577,854 |
171,357,025 |
|
Total equity
(USD) |
6,440,526,967 |
5,671,917,528 |
|
Equivalent
issue shares of advance receipts for ordinary share |
0 |
0 |
|
Number of
shares in entity held by entity and by its subsidiaries |
0 |
0 |
(As of 2014.09, 1 NTD = 0.0331 USD)
Unit: NTD/000
|
|
2013 |
2012 |
|
Operating revenue |
|
|
|
Total operating
revenue |
422,730,500 |
483,609,931 |
|
Total operating
revenue (USD) |
13,992,379,550 |
16,007,488,716 |
|
Operating costs |
|
|
|
Total operating
costs |
384,971,385 |
479,109,996 |
|
Gross profit (loss) from operations |
37,759,115 |
4,499,935 |
|
Gross profit (loss) from operations |
37,759,115 |
4,499,935 |
|
Operating expenses |
|
|
|
Selling
expenses |
|
|
|
Total selling
expenses |
2,974,223 |
3,570,998 |
|
Administrative
expenses |
|
|
|
Total
administrative expenses |
7,169,974 |
8,495,887 |
|
Research and
development expenses |
|
|
|
Total research
and development expenses |
12,265,650 |
12,182,704 |
|
Total operating
expenses |
22,409,847 |
24,249,589 |
|
Net operating income (loss) |
15,349,268 |
-19,749,654 |
|
Non-operating income and expenses |
|
|
|
Other income |
|
|
|
Total other
income |
2,627,868 |
3,280,431 |
|
Other gains and
losses |
|
|
|
Other gains and
losses, net |
-7,166,774 |
-6,030,992 |
|
Finance costs |
|
|
|
Finance costs,
net |
5,103,230 |
8,051,142 |
|
Share of profit
(loss) of associates and joint ventures accounted for using equity method |
|
|
|
Share of profit
(loss) of associates and joint ventures accounted for using equity method,
net |
-63,779 |
-262,818 |
|
Total
non-operating income and expenses |
-9,705,915 |
-11,064,521 |
|
Profit (loss) from continuing operations
before tax |
5,643,353 |
-30,814,175 |
|
Tax expense (income) |
|
|
|
Total tax
expense (income) |
548,334 |
-646,892 |
|
Profit (loss) from continuing operations |
5,095,019 |
-30,167,283 |
|
Profit (loss) |
5,095,019 |
-30,167,283 |
|
Profit (loss) (USD) |
168,645,129 |
-998,537,067 |
|
Other comprehensive income |
|
|
|
Exchange
differences on translation |
2,712,774 |
-2,962,319 |
|
Unrealised
gains (losses) on valuation of available-for-sale financial assets |
16,772 |
874,320 |
|
Cash flow
hedges |
79,477 |
226,109 |
|
Actuarial gains
(losses) on defined benefit plans |
-11,870 |
-583 |
|
Share of other
comprehensive income of associates and joint ventures accounted for using
equity method |
|
|
|
Total share of
other comprehensive income of associates and joint ventures accounted for
using equity method |
36,122 |
-28,085 |
|
Income tax
related to components of other comprehensive income |
-26,242 |
85,105 |
|
Other
comprehensive income, net |
2,859,517 |
-1,975,663 |
|
Total comprehensive income |
7,954,536 |
-32,142,946 |
|
Profit (loss), attributable to: |
|
|
|
Profit (loss),
attributable to owners of parent |
5,102,568 |
-29,899,236 |
|
Profit (loss),
attributable to non-controlling interests |
-7,549 |
-268,047 |
|
Comprehensive income attributable to: |
|
|
|
Comprehensive
income, attributable to owners of parent |
7,953,076 |
-31,688,130 |
|
Comprehensive
income, attributable to non-controlling interests |
1,460 |
-454,816 |
|
Basic earnings per share |
|
|
|
Basic earnings
(loss) per share from continuing operations |
0.57 |
-4.00 |
|
Total basic
earnings per share |
0.57 |
-4.00 |
|
Diluted earnings per share |
|
|
|
Diluted
earnings (loss) per share from continuing operations |
0.57 |
-4.00 |
|
Total diluted
earnings per share |
0.57 |
-4.00 |
(As of 2014.09, 1 NTD = 0.0331 USD)
Unit: NTD/000
|
|
|
|
|
Cash flows from (used in) operating
activities, indirect method |
|
|
|
Profit (loss)
from continuing operations before tax |
5,643,353 |
-30,814,175 |
|
Profit (loss)
before tax |
5,643,353 |
-30,814,175 |
|
Adjustments |
|
|
|
Adjustments to
reconcile profit (loss) |
|
|
|
Depreciation
expense |
75,549,643 |
84,338,657 |
|
Amortization
expense |
2,301,795 |
2,460,407 |
|
Provision (reversal
of provision) for bad debt expense |
453 |
-56,887 |
|
Net loss (gain)
on financial assets or liabilities at fair value through profit or loss |
-582,748 |
15,810 |
|
Interest
expense |
5,051,960 |
7,535,758 |
|
Interest income |
-293,741 |
-923,971 |
|
Dividend income |
-58,897 |
-183,630 |
|
Share-based
payments |
556,874 |
390,921 |
|
Share of loss
(profit) of associates and joint ventures accounted for using equity method |
63,779 |
262,818 |
|
Loss (gain) on disposal
of property, plan and equipment |
138,658 |
141,544 |
|
Loss (gain) on
disposal of investments |
-1,977,799 |
-361,381 |
|
Impairment loss
on non-financial assets |
921,828 |
1,002,740 |
|
Unrealized
foreign exchange loss (gain) |
-310,450 |
45,170 |
|
Total
adjustments to reconcile profit (loss) |
81,361,355 |
94,667,956 |
|
Changes in
operating assets and liabilities |
|
|
|
Changes in
operating assets |
|
|
|
Decrease (increase)
in financial assets held for trading |
-692,928 |
1,739,131 |
|
Decrease
(increase) in accounts receivable |
8,336,807 |
-8,464,403 |
|
Decrease
(increase) in accounts receivable due from related parties |
6,500,243 |
-2,012,451 |
|
Decrease
(increase) in other receivable |
734,595 |
4,054,066 |
|
Decrease
(increase) in inventories |
-8,456,587 |
16,212,381 |
|
Decrease
(increase) in prepaid expenses |
-226,676 |
218,197 |
|
Decrease (increase)
in other current assets |
-123,046 |
469,988 |
|
Total changes
in operating assets |
6,072,408 |
12,216,909 |
|
Changes in
operating liabilities |
|
|
|
Increase
(decrease) in derivative financial liabilities for hedging |
-399,357 |
-119,213 |
|
Increase
(decrease) in accounts payable |
-16,066,134 |
-18,174,274 |
|
Increase
(decrease) in accounts payable to related parties |
-4,958,074 |
-5,459,615 |
|
Increase
(decrease) in other payable |
405,568 |
-1,442,874 |
|
Increase
(decrease) in provisions |
1,157,735 |
628,379 |
|
Increase
(decrease) in other current liabilities |
513,119 |
581,709 |
|
Increase
(decrease) in other operating liabilities |
3,133,498 |
-1,285,086 |
|
Total changes
in operating liabilities |
-16,213,645 |
-25,270,974 |
|
Total changes
in operating assets and liabilities |
-10,141,237 |
-13,054,065 |
|
Total
adjustments |
71,220,118 |
81,613,891 |
|
Cash inflow
(outflow) generated from operations |
76,863,471 |
50,799,716 |
|
Income taxes
refund (paid) |
-974,312 |
-534,284 |
|
Net cash flows from (used in) operating
activities |
75,889,159 |
50,265,432 |
|
Cash flows from (used in) investing
activities |
|
|
|
Acquisition of available-for-sale
financial assets |
-916,909 |
0 |
|
Proceeds from
disposal of available-for-sale financial assets |
3,963,684 |
877,154 |
|
Proceeds from
repayments of bond investment without active market |
0 |
200,000 |
|
Proceeds from
disposal of financial assets at cost |
192,758 |
0 |
|
Acquisition of
investments accounted for using equity method |
0 |
-150,692 |
|
Proceeds from
disposal of investments accounted for using equity method |
136,185 |
130,005 |
|
Proceeds from
capital reduction of investments accounted for using equity method |
0 |
22,194 |
|
Proceeds from
disposal of non-current assets classified as held for sale |
279,312 |
0 |
|
Acquisition of
property, plant and equipment |
-18,370,343 |
-19,804,858 |
|
Proceeds from
disposal of property, plant and equipment |
1,174,898 |
2,518,021 |
|
Acquisition of
intangible assets |
-157,781 |
0 |
|
Decrease in
other financial assets |
941,407 |
10,969,362 |
|
Decrease in
other non-current assets |
29,586 |
529 |
|
Interest
received |
364,391 |
1,112,893 |
|
Dividends
received |
201,765 |
319,737 |
|
Other investing
activities |
0 |
-2,775,400 |
|
Net cash flows
from (used in) investing activities |
-12,161,047 |
-6,581,055 |
|
Cash flows from (used in) financing
activities |
|
|
|
Decrease in
short-term loans |
-14,499,547 |
-29,570,180 |
|
Decrease in
short-term notes and bills payable |
-699,430 |
-1,599,097 |
|
Repayments of
bonds |
-2,000,000 |
-2,000,000 |
|
Proceeds from
long-term debt |
0 |
977,808 |
|
Repayments of
long-term debt |
-51,589,030 |
-19,528,489 |
|
Decrease in
lease payable |
-980,000 |
-1,980,000 |
|
Proceeds from
issuing shares |
14,519,051 |
5,400,000 |
|
Interest paid |
-5,586,134 |
-7,675,061 |
|
Other financing
activities |
173,055 |
0 |
|
Net cash flows
from (used in) financing activities |
-60,662,035 |
-55,975,019 |
|
Effect of exchange rate changes on cash
and cash equivalents |
173,764 |
-529,600 |
|
Net increase (decrease) in cash and cash
equivalents |
3,239,841 |
-12,820,242 |
|
Cash and cash equivalents at beginning of
period |
40,897,977 |
53,718,219 |
|
Cash and cash equivalents at end of
period |
44,137,818 |
40,897,977 |
|
Cash and cash
equivalents reported in the statement of financial position |
44,137,818 |
40,897,977 |
|
1 |
|
|
Name |
Taiwan Bank |
|
2 |
|
|
Name |
China CITIC Bank |
Mortgage
No
chattel mortgage record of subject has been found within the recent 3 months.
Lawsuit
|
Trial Number: |
2006, Chongsu, 64 |
|
Date of Trial: |
2007-4-10 |
|
Reason: |
Return for trading prices in money |
|
Claimant: |
Innolux Corporation |
|
Defendant: |
Unaxis Taiwan Ltd. OC Oerlik |
Interview Details
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.77.84 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.