MIRA
INFORM REPORT
|
Report No. : |
309833 |
|
Report Date : |
04.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
GREAT WALL ENTERPRISE CO., LTD. |
|
|
|
|
Registered Office : |
3, Niao Sung 2nd., St., Yongkang Dist.,
Tainan City 710 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
28.12.1960 |
|
|
|
|
Com. Reg. No.: |
73008303 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture and sales of animal nutrition, feed, and livestock products |
|
|
|
|
No. of Employee : |
About 1,400 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Taiwan |
A2 |
A1 |
|
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 |
Contact Points
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
3, Niao Sung
2nd., St., Yongkang Dist., Tainan City 710, Taiwan (R.O.C.) |
|
Supplied Address: |
no. 3 Niao, sung
2rnd st yung kang district taiwan city taiwan ROC |
|
Telephone Number: |
+886-6253-1111 |
|
Fax Number: |
|
|
E-mail: |
Notes: The exact name and address are as above.
Company Identification Details
History
Subject was incorporated
on 1960-12-28 with registered number 73008303 as Joint Stock Company in
Taiwan.
Subject listed on Taiwan Stock Exchange on 1978-5-20.
Corporate Structure
Factories
|
1 |
|
|
Name: |
Yun Lin Factory |
|
Address: |
No.115, Gongye Rd., Douliu City, Yunlin County, Taiwan (R.O.C.) |
|
Date of Foundation: |
1987-4-13 |
|
Date of Registration: |
1989-4-11 |
|
Factory Registration Number: |
99653081 |
|
Factory Manager: |
Jiayu Han |
|
Status: |
In production |
|
Date of Last Annual Return: |
2014-4-18 |
|
Major Products: |
087 Animal feed |
|
2 |
|
|
Name: |
Changhua General Factory |
|
Address: |
No.64, Xinggong Rd., Shengang Township, Changhua County, Taiwan (R.O.C.) |
|
Date of Foundation: |
1991-3-12 |
|
Date of Registration: |
1993-5-21 |
|
Factory Registration Number: |
99645400 |
|
Factory Manager: |
Jiayu Han |
|
Status: |
In production |
|
Date of Last Annual Return: |
2010-12-1 |
|
Major Products: |
087 Animal feed |
|
3 |
|
|
Name: |
Da Yuan Factory |
|
Address: |
No.45-50, Three Guishi, Dayuan Dist., Taoyuan City, Taoyuan County,
Taiwan (R.O.C.) |
|
Date of Foundation: |
1990-1-19 |
|
Date of Registration: |
1995-7-19 |
|
Factory Registration Number: |
99622168 |
|
Factory Manager: |
Jiayu Han |
|
Status: |
In production |
|
Date of Last Annual Return: |
2003-7-11 |
|
Major Products: |
081 Meat product processing and its products |
|
4 |
|
|
Name: |
Tainan Biotech Feed Factory |
|
Address: |
No.8, Gong 6th Rd., Liuying Dist., Tainan City, Taiwan (R.O.C.) |
|
Date of Registration: |
2014-5-15 |
|
Factory Registration Number: |
67000887 |
|
Factory Manager: |
Jiayu Han |
|
Status: |
In production |
|
Date of Last Annual Return: |
2014-5-15 |
|
Major Products: |
087 Animal feed |
Branches
|
1 |
|
|
Name |
Great Wall Enterprise Co., Ltd. Pyng Dong Branch |
|
Address |
No.22, Jingjin Rd., Fangliau Shiang Pingtung, Taiwan, R.O.C. |
|
Registration Number |
97176742 |
|
Date of Registration |
1997-3-4 |
|
Status |
Live |
|
Manager Name |
Jiayin Han |
|
Date of Last Annual Return |
2005-8-2 |
|
2 |
|
|
Name |
Great Wall Enterprise Co., Ltd. Taipei Branch |
|
Address |
10F., No.320, Sec. 4, Zhongxiao E. Rd., Taipei City, Taiwan (R.O.C.) |
|
Registration Number |
89404309 |
|
Date of Registration |
1995-10-16 |
|
Status |
Live |
|
Manager Name |
Jiayin Han |
|
Date of Last Annual Return |
2005-8-2 |
Major Related
Companies
|
KouChan Mill Co., Ltd An Hsin Chiao Chu Co., Ltd. May Lan Lei Co., Ltd Great Wall FeedTech Enterprise Co. Ltd. Great Wall International (Holdings) Ltd. Oriental Best Foods Co., Ltd. Espressamente illy (Taiwan) Co., Ltd. Total Nutrition Tech. Co., Ltd. DaChan Showa Foods (Tianjin) Co., Ltd. Great Wall Food Investment Co., Ltd. Great Wall Food (HK) Co. Ltd. Great Wall Food (Tianjin) Co., Ltd. Great Wall FeedTech (Holdings) Ltd. Dachan Liangyou Food (Shanghai) Co Ltd. |
Shareholders
|
Name |
Subscription Shares |
|
Fu Ju Investment Co., Ltd (Literal
Translation) |
52,973,488 |
|
Lian Hua Shi Ye Co., Ltd (Literal Translation) |
|
|
15,647,556 |
|
|
Zilin Wang |
2,923,525 |
|
Bingrong Ceng |
3,506,322 |
|
Qiao Tai Xing Investment Co., Ltd (Literal Translation) |
9,763,123 |
|
De Jia Investment Co., Ltd (Literal
Translation) |
28,639,243 |
Shareholder Information:
|
1 |
|
|
Registered Name: |
De Jia Investment Co., Ltd (Literal
Translation) |
|
Registered Address: |
8F.-4, No.312, Sec. 4, Zhongxiao E. Rd.,
Da'an Dist., Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
1992-4-9 |
|
Registration Number: |
86522611 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 122,000,000 (USD 3,879,600) (As of 2015.03, 1 NTD = 0.0318 USD) |
|
Paid-up Capital: |
NTD 122,000,000 (USD 3,879,600) |
|
Legal Representatives: |
Aili Yang |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2013-7-29 |
|
2 |
|
|
Registered Name: |
Qiao Tai Xing Investment Co., Ltd (Literal Translation) |
|
Registered Address: |
21F., No.76, Sec. 2, Dunhua S. Rd., Da'an Dist.,
Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
1999-12-18 |
|
Registration Number: |
70463221 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 60,000,000 (USD 1,908,000) (As of 2015.03, 1 NTD = 0.0318 USD) |
|
Paid-up Capital: |
NTD 60,000,000 (USD 1,908,000) |
|
Legal Representatives: |
Tianxing Zhao |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2014-8-21 |
|
3 |
|
|
Registered Name: |
Lian Hua Shi Ye Co., Ltd (Literal
Translation) |
|
Registered Address: |
6F., No.44, Sec. 1, Chengde Rd., Datong
Dist., Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
1956-7-27 |
|
Registration Number: |
11996904 |
|
Registry: |
Department of Commerce, Ministry of Economic
Affairs, R.O.C. |
|
Registered Capital: |
NTD 12,800,000,000 (USD 407,040,000) (As of 2015.03, 1 NTD = 0.0318 USD) |
|
Paid-up Capital: |
NTD 8,545,382,940 (USD 271,743,177.49) |
|
Legal Representatives: |
Fengqiang Miao |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2014-12-8 |
|
4 |
|
|
Registered Name: |
Fu Ju Investment Co., Ltd (Literal
Translation) |
|
Registered Address: |
8F.-4, No.312, Sec. 4, Zhongxiao E. Rd.,
Da'an Dist., Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
1984-5-21 |
|
Registration Number: |
21219587 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 500,000,000 (USD 15,900,000) (As of 2015.03, 1 NTD = 0.0318 USD) |
|
Paid-up Capital: |
NTD 357,000,000 (USD 11,352,600) |
|
Legal Representatives: |
Jiayu Han |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2014-10-27 |
Management Information
Core Management
Directors
|
1 |
||
|
Name |
Jiayu Han |
|
|
Position |
Board Chairman |
|
|
2 |
||
|
Name |
Jiachen Han |
|
|
Position |
Vice-Board Chairman |
|
|
3 |
||
|
Name |
Jiayin Han |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Lian Hua Shi Ye Co., Ltd (Literal
Translation) |
|
|
Position |
Director |
|
|
5 |
||
|
Name |
Zilin Wang |
|
|
Position |
Director |
|
|
6 |
||
|
Name |
Bingrong Ceng |
|
|
Position |
Director |
|
|
7 |
||
|
Name |
Qiao Tai Xing Investment Co., Ltd (Literal Translation) |
|
|
Position |
Director |
|
|
8 |
||
|
Name |
Tiesheng Zhang |
|
|
Position |
Supervisor |
|
|
9 |
||
|
Name |
Hongjun Li |
|
|
Position |
Supervisor |
|
|
10 |
||
|
Name |
Kunyan Zhuang |
|
|
Position |
Manager |
|
|
Date of Appointment |
2012-7-1 |
|
Personnel
Structure
|
Total Employees |
About 1,400 Employees |
Operation Information
Offices & Factories
|
|
Headquarters |
|
Add |
3, Niao Sung 2nd., St., Yongkang Dist., Tainan City 710, Taiwan
(R.O.C.) |
Production
Information
Subject is engaged in manufacturing of animal nutrition, feed, and livestock products, etc.
Subject has factories in Taiwan for production.
Subject obtained the certification of ISO 9002, HACCP, and ISO 22000,
etc.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Vegetable oil procurement marketing system of dry seeds and coconut rice
bran oil and grease processing business |
|
2 |
Valley of vegetable oil and its byproducts grain miscellaneous feed
bran bean batter procurement distribution of powder of bean cake fertilizer
manufacturing processing, wholesale and retail business |
|
3 |
About making oil grain bran flour, corn flour fertilizer feed, mixed
valley noodles, instant noodles, dried instant rice powdery cake of bread
milk cans, fruit drinks and other related brokerage valet processing and procurement
of food distribution wholesale and retail business |
|
4 |
Seedlings procurement and distribution |
|
5 |
Manufacture and sale of animal husbandry industry and its processed
foods |
|
6 |
Import and export business and sales of liquor. |
|
7 |
Wheat procurement logistics business. |
|
8 |
Animal drug and Western medicine vending business. |
|
9 |
The management of super market. |
|
10 |
Proprietary in all kinds of packaging supplies (including paper metal alloy
plastic cloth kind of tin bucket box bags, etc.) the processing and
manufacturing of stitched procurement business |
|
11 |
Frozen prepared food, refrigerated food processing manufacturing and
trading business |
|
12 |
Poultry, electrification slaughtering and meat processing production
business. |
|
13 |
About the front each enterprise warehouse business. |
|
14 |
About the front various products import and export trade business |
|
15 |
Commissioned to build manufacturers to build the public housing,
commercial buildings to sell, rental business. |
|
A401040 |
Livestock service industry |
|
C199990 |
Miscellaneous food manufacturing (liquid egg, egg powder, add value to
eggs, marinated egg, iron eggs, tea eggs, salted fish, brocade silk leather
bag, steamed eggs, eggs, eggs, eggs, tofu tendon) |
|
C802010 |
Chemical fertilizer manufacturing industry |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
The raw materials for production are mostly purchased at domestic market
such as Taiwan, Mainland China and abroad like Southeast Asia, America, Europe,
etc.
One of subject’s major suppliers is Calgrain Corporation.
Subject is engaged in sale of animal nutrition, feed, and livestock
products, etc.
The major products sold by subject include feed, salad oil, fresh
chicken, Baking flour, chicken food, etc.
It is introduced that subject also provides food and beverage service.
Subject has its own brand “DaChan”.
Subject has many agents in different countries, and customers can
purchase products from the nearest agents.
Subject’s selling territory is covering all
over the world.
Subject’s major types of customers are poultry farms, supermarkets,
hotel, wholesalers and retailers, etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Products |
Raw materials |
|
Payment Terms |
T/T, Cash |
Import
|
Products |
Raw materials |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Animal nutrition, feed, and livestock
products, |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Animal nutrition, feed, and livestock
products |
|
Selling Terms |
L/C, T/T |
Balance Sheet
Unit: NTD/000
|
Consolidated |
2013-12-31 |
2012-12-31 |
|
Assets |
|
|
|
Current assets |
|
|
|
Cash and cash equivalents |
|
|
|
Total cash and cash equivalents |
4,231,886 |
3,879,324 |
|
Current financial assets at fair value through profit or loss |
|
|
|
Total current financial assets at fair value through profit or loss |
58,529 |
18,262 |
|
Notes receivable, net |
|
|
|
Notes receivable, net |
1,068,071 |
1,389,173 |
|
Notes receivable due from related parties, net |
|
|
|
Notes receivable due from related parties, net |
37,892 |
36,649 |
|
Accounts receivable, net |
|
|
|
Accounts receivable, net |
4,098,720 |
4,180,649 |
|
Accounts receivable due from related parties, net |
|
|
|
Accounts receivable due from related parties, net |
209,434 |
165,817 |
|
Other receivables due from related parties |
|
|
|
Other receivables due from related parties, net |
28,543 |
21,780 |
|
Inventories |
|
|
|
Total inventories |
8,035,975 |
8,121,639 |
|
Current biological assets |
|
|
|
Current biological assets, net |
592,932 |
507,773 |
|
Prepayments |
|
|
|
Total prepayments |
703,697 |
536,721 |
|
Other current assets |
|
|
|
Other current financial assets |
740,558 |
113,002 |
|
Other current assets, others |
1,412,145 |
1,407,110 |
|
Total other current assets |
2,152,703 |
1,520,112 |
|
Total current assets |
21,218,382 |
20,377,899 |
|
Non-current assets |
|
|
|
Non-current available-for-sale financial assets |
|
|
|
Non-current available-for-sale financial assets, net |
1,346,410 |
1,126,059 |
|
Non-current financial assets at cost |
|
|
|
Non-current financial assets at cost, net |
109,640 |
110,373 |
|
Investments accounted for using equity method |
|
|
|
Investments accounted for using equity method, net |
2,188,704 |
821,842 |
|
Property, plant and equipment |
|
|
|
Total property, plant and equipment |
11,815,875 |
10,761,652 |
|
Investment property, net |
|
|
|
Investment property, net |
300,117 |
303,587 |
|
Intangible assets |
|
|
|
Goodwill |
139,989 |
138,612 |
|
Total intangible assets |
139,989 |
138,612 |
|
Non-current biological assets |
|
|
|
Total non-current biological assets |
23,269 |
25,982 |
|
Deferred tax assets |
239,938 |
191,964 |
|
Other non-current assets |
|
|
|
Other non-current assets, others |
|
|
|
Total other non-current assets, others |
1,075,682 |
1,058,073 |
|
Total other non-current assets |
1,075,682 |
1,058,073 |
|
Total non-current assets |
17,239,624 |
14,538,144 |
|
Total assets |
38,458,006 |
34,916,043 |
|
Liabilities |
|
|
|
Current liabilities |
|
|
|
Short-term borrowings |
|
|
|
Total short-term borrowings |
5,690,808 |
6,854,628 |
|
Short-term notes and bills payable |
|
|
|
Total short-term notes and bills payable |
669,923 |
465,663 |
|
Current financial liabilities at fair value through profit or loss |
|
|
|
Total current financial liabilities at fair value through profit or
loss |
0 |
20,988 |
|
Notes payable |
|
|
|
Total notes payable |
321,721 |
134,423 |
|
Accounts payable |
|
|
|
Total accounts payable |
4,853,165 |
4,465,972 |
|
Accounts payable to related parties |
|
|
|
Total accounts payable to related parties |
112,794 |
167,623 |
|
Other payables |
|
|
|
Total other payables |
1,357,862 |
1,401,213 |
|
Current tax liabilities |
246,013 |
153,040 |
|
Other current liabilities |
|
|
|
Long-term liabilities, current portion |
|
|
|
Total long-term liabilities, current portion |
175,000 |
253,736 |
|
Other current liabilities, others |
1,556,270 |
1,055,397 |
|
Total other current liabilities |
1,731,270 |
1,309,133 |
|
Total current liabilities |
14,983,556 |
14,972,683 |
|
Non-current liabilities |
|
|
|
Long-term borrowings |
|
|
|
Total long-term borrowings |
4,057,458 |
2,769,021 |
|
Non-current provisions |
|
|
|
Non-current provisions for employee benefits |
35,160 |
92,714 |
|
Total non-current provisions |
35,160 |
92,714 |
|
Deferred tax liabilities |
|
|
|
Total deferred tax liabilities |
133,710 |
35,075 |
|
Other non-current liabilities |
|
|
|
Guarantee deposits received |
58,165 |
62,456 |
|
Other non-current liabilities, others |
401,681 |
68,109 |
|
Total other non-current liabilities |
459,846 |
130,565 |
|
Total non-current liabilities |
4,686,174 |
3,027,375 |
|
Total liabilities |
19,669,730 |
18,000,058 |
|
Equity |
|
|
|
Equity attributable to owners of parent |
|
|
|
Share capital |
|
|
|
Ordinary share |
5,664,572 |
5,664,572 |
|
Total capital stock |
5,664,572 |
5,664,572 |
|
Capital surplus |
|
|
|
Total capital surplus |
2,320,974 |
2,285,218 |
|
Retained earnings |
|
|
|
Total retained earnings |
4,098,205 |
2,972,603 |
|
Other equity interest |
|
|
|
Total other equity interest |
842,959 |
699,758 |
|
Treasury shares |
306,199 |
306,199 |
|
Total equity attributable to owners of parent |
12,620,511 |
11,315,952 |
|
Non-controlling interests |
6,167,765 |
5,600,033 |
|
Total equity |
18,788,276 |
16,915,985 |
|
Equivalent issue shares of advance receipts for ordinary share |
0 |
0 |
|
Number of shares in entity held by entity and by its subsidiaries |
40,688,225 |
40,688,225 |
Profit and Loss Account
Unit: NTD/000
|
Consolidated |
2013 |
2012 |
|
Operating revenue |
|
|
|
Total operating revenue |
90,478,017 |
86,532,609 |
|
Operating costs |
|
|
|
Total operating costs |
82,822,769 |
79,566,535 |
|
Gross profit (loss) from operations |
7,655,248 |
6,966,074 |
|
Gross profit (loss) from operations |
7,655,248 |
6,966,074 |
|
Operating expenses |
|
|
|
Selling expenses |
|
|
|
Total selling expenses |
4,554,544 |
3,513,999 |
|
Administrative expenses |
|
|
|
Total administrative expenses |
2,161,233 |
2,238,729 |
|
Research and development expenses |
|
|
|
Total research and development expenses |
99,166 |
57,017 |
|
Total operating expenses |
6,814,943 |
5,809,745 |
|
Net operating income (loss) |
840,305 |
1,156,329 |
|
Non-operating income and expenses |
|
|
|
Other income |
|
|
|
Total other income |
30,433 |
21,639 |
|
Other gains and losses |
|
|
|
Other gains and losses, net |
1,872,996 |
405,452 |
|
Finance costs |
|
|
|
Finance costs, net |
202,858 |
206,380 |
|
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 |
52,462 |
11,500 |
|
Total non-operating income and expenses |
1,753,033 |
232,211 |
|
Profit (loss) from continuing operations before tax |
2,593,338 |
1,388,540 |
|
Tax expense (income) |
|
|
|
Total tax expense (income) |
336,698 |
258,943 |
|
Profit (loss) from continuing operations |
2,256,640 |
1,129,597 |
|
Profit (loss) |
2,256,640 |
1,129,597 |
|
Other comprehensive income |
|
|
|
Exchange differences on translation |
496,237 |
-524,029 |
|
Unrealised gains (losses) on valuation of available-for-sale financial
assets |
-113,931 |
93,808 |
|
Actuarial gains (losses) on defined benefit plans |
12,994 |
-7,077 |
|
Income tax related to components of other comprehensive income |
905 |
-1,115 |
|
Other comprehensive income, net |
394,395 |
-436,183 |
|
Total comprehensive income |
2,651,035 |
693,414 |
|
Profit (loss), attributable to: |
|
|
|
Profit (loss), attributable to owners of parent |
1,795,696 |
756,030 |
|
Profit (loss), attributable to non-controlling interests |
460,944 |
373,567 |
|
Comprehensive income attributable to: |
|
|
|
Comprehensive income, attributable to owners of parent |
1,948,551 |
600,688 |
|
Comprehensive income, attributable to non-controlling interests |
702,484 |
92,726 |
|
Basic earnings per share |
|
|
|
Total basic earnings per share |
3.42 |
1.47 |
|
Diluted earnings per share |
|
|
|
Total diluted earnings per share |
3.41 |
1.47 |
Cash Flows
Unit: NTD/000
|
Consolidated |
2013 |
2012 |
|
Cash flows from (used in) operating activities, indirect method |
|
|
|
Profit (loss) from continuing operations before tax |
2,593,338 |
1,388,540 |
|
Profit (loss) before tax |
2,593,338 |
1,388,540 |
|
Adjustments |
|
|
|
Adjustments to reconcile profit (loss) |
|
|
|
Depreciation expense |
1,212,858 |
1,097,388 |
|
Amortization expense |
49,620 |
48,638 |
|
Provision (reversal of provision) for bad debt expense |
-72,328 |
-10,576 |
|
Net loss (gain) on financial assets or liabilities at fair value
through profit or loss |
-35,095 |
33,565 |
|
Interest expense |
202,858 |
206,380 |
|
Interest income |
-30,433 |
-21,639 |
|
Share of loss (profit) of associates and joint ventures accounted for
using equity method |
-52,462 |
-11,500 |
|
Loss (gain) on disposal of property, plan and equipment |
122,054 |
14,693 |
|
Impairment loss on non-financial assets |
-12,406 |
63,610 |
|
Reversal of impairment loss on non-financial assets |
-1,617,099 |
-1,679,995 |
|
Other adjustments to reconcile profit (loss) |
0 |
2,875 |
|
Total adjustments to reconcile profit (loss) |
-232,433 |
-256,561 |
|
Changes in operating assets and liabilities |
|
|
|
Changes in operating assets |
|
|
|
Decrease (increase) in financial assets held for trading |
-5,172 |
194,688 |
|
Decrease (increase) in notes receivable |
319,859 |
38,634 |
|
Decrease (increase) in accounts receivable |
110,640 |
-6,858 |
|
Decrease (increase) in inventories |
98,070 |
-755,714 |
|
Decrease (increase) in biological assets |
1,496,942 |
1,776,476 |
|
Decrease (increase) in prepayments |
-166,976 |
134,761 |
|
Decrease (increase) in other current assets |
-5,035 |
-198,968 |
|
Decrease (increase) in other financial assets |
-627,556 |
69,763 |
|
Total changes in operating assets |
1,220,772 |
1,252,782 |
|
Changes in operating liabilities |
|
|
|
Increase (decrease) in financial liabilities held for trading |
-20,988 |
-402 |
|
Increase (decrease) in notes payable |
187,298 |
-66,888 |
|
Increase (decrease) in accounts payable |
332,364 |
-265,336 |
|
Increase (decrease) in other payable |
-40,502 |
-109,126 |
|
Increase (decrease) in provisions |
-44,560 |
-45,408 |
|
Increase (decrease) in other current liabilities |
500,873 |
-173,416 |
|
Total changes in operating liabilities |
914,485 |
-660,576 |
|
Total changes in operating assets and liabilities |
2,135,257 |
592,206 |
|
Total adjustments |
1,902,824 |
335,645 |
|
Cash inflow (outflow) generated from operations |
4,496,162 |
1,724,185 |
|
Net cash flows from (used in) operating activities |
4,496,162 |
1,724,185 |
|
Cash flows from (used in) investing activities |
|
|
|
Acquisition of investments accounted for using equity method |
-1,333,415 |
-183,220 |
|
Acquisition of property, plant and equipment |
-2,172,824 |
-2,557,775 |
|
Proceeds from disposal of property, plant and equipment |
151,470 |
98,079 |
|
Increase in other receivables due from related parties |
-6,763 |
-21,762 |
|
Increase in other non-current assets |
-67,229 |
-234,268 |
|
Interest received |
30,433 |
21,835 |
|
Income taxes refund (paid) |
-193,969 |
-252,305 |
|
Net cash flows from (used in) investing activities |
-3,592,297 |
-3,129,416 |
|
Cash flows from (used in) financing activities |
|
|
|
Increase in short-term loans |
-1,025,728 |
1,156,822 |
|
Proceeds from long-term debt |
2,229,151 |
2,204,830 |
|
Repayments of long-term debt |
-1,223,766 |
-627,513 |
|
Increase in guarantee deposits received |
-4,291 |
-140,086 |
|
Increase in other non-current liabilities |
715 |
0 |
|
Decrease in other non-current liabilities |
0 |
-5,904 |
|
Cash dividends paid |
-630,923 |
-583,611 |
|
Interest paid |
-205,707 |
-91,953 |
|
Change in non-controlling interests |
-134,752 |
-198,549 |
|
Net cash flows from (used in) financing activities |
-995,301 |
1,714,036 |
|
Effect of exchange rate changes on cash and cash equivalents |
443,998 |
-309,444 |
|
Net increase (decrease) in cash and cash equivalents |
352,562 |
-639 |
|
Cash and cash equivalents at beginning of period |
3,879,324 |
3,879,963 |
|
Cash and cash equivalents at end of period |
4,231,886 |
3,879,324 |
|
Cash and cash equivalents reported in the statement of financial
position |
4,231,886 |
3,879,324 |
Note: Subject didn’t submit its individual financial
information; we obtained its consolidated financials as follows for reference.
The above financial figures are based on the
IFRSs Accounting System.
Bankers
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Public Record
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.
|
1 |
|
|
Trial Number: |
2006, Nan Jiu, 4 |
|
Date of Trial: |
2006-4-27 |
|
Reason: |
Lawsuit rescue |
|
Claimant: |
Not Supplied |
|
Defendant: |
Zheng Bo Rong Machine Lin Engineering Line (Literal Translation) Great Wall Enterprise Co., Ltd. |
|
2 |
|
|
Trial Number: |
2014, Nan Jian, 191 |
|
Date of Trial: |
2014-5-27 |
|
Reason: |
The payment of securities |
|
Claimant: |
Zhongping Xu |
|
Defendant: |
Tai Da Electronics Industry Co., Ltd (Literal Translation) Li Yi Textile Co., Ltd (Literal Translation) Great Wall Enterprise Co., Ltd., etc |
|
3 |
|
|
Trial Number: |
2014, Nan Jian, 191 |
|
Date of Trial: |
2014-7-9 |
|
Reason: |
The payment of securities |
|
Claimant: |
Zhongping Xu |
|
Defendant: |
Li Yi Textile Co., Ltd (Literal Translation) Great Wall Enterprise Co., Ltd. Dong He Textile Co., Ltd (Literal Translation), etc |
Special Note
Interview Details
|
Name |
Mr. Han |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.84 |
|
|
1 |
Rs.95.14 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.