|
Report No. : |
323045 |
|
Report Date : |
23.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
ACBEL POLYTECH INC. |
|
|
|
|
Registered Office : |
11F, No.99, Sec.5, Nan-King E. Rd., Sungshan Chiu,
Taipei |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
29.07.1981 |
|
|
|
|
Com. Reg. No.: |
12341051 |
|
|
|
|
Legal Form : |
Joint
Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sale of electrical products |
|
|
|
|
No. of Employees : |
About 1,400 Employees
(Taiwan) About 11,308 Employees
(Group) |
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. However, negotiations on follow-on components of ECFA, including an agreement on trade in services, deals on trade in goods, and dispute resolution—have stalled. In early 2014, the government bowed to public demand for a new law governing the oversight of cross-Strait agreements, before any additional deals with China are implemented; the legislature has yet to vote on such legislation, leaving the future of ECFA up in the air as President MA enters his final full year in office. MA has portrayed ECFA as Taiwan’s key to greater participation in East Asia’s free trade networks. 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 expected to account for 20% of the island's total population by 2025. The island runs a trade surplus, largely because of its surplus with China, and its foreign reserves are the world's fourth largest, behind those of China, Japan, and Russia. 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, the 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 has helped Taiwan develop into a local RMB hub. Closer economic links with the mainland bring greater opportunities for the Taiwan economy, but also pose new challenges as the island becomes more economically dependent on China at a time when political differences remain unresolved. During 2014, the press paid increasing attention to domestic economic issues while pushing aside the debates over trade liberalization that were a hallmark of MA’s tenure. The media focused on the divide between Taiwan’s “haves” and “have nots,” providing extensive coverage of public frustration with stagnant wages, skyrocketing housing prices, and the difficulty of finding entry-level jobs.
|
Source : CIA |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.159,
Sec. 3, Danjin Rd., Tanshui Dist., New Taipei City 251, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886- 2-2621-7672 |
|
Fax Number: |
+886- 2-2623-4156 |
|
E-mail: |
Notes: The
exact name and address are as above. It is introduced that the
supplied address belongs to subject’s related company.
Subject was
incorporated on 1981-7-29 with registered number 12341051 as Joint Stock
Company in Taiwan.
Subject listed on Taiwan stock
exchange on 2003-9-8.
Factory in Taiwan
|
Name: |
Danshui Factory |
|
Address: |
No.159, Sec. 3, Danjin Rd.,
Tanshui Dist., New Taipei City 251, Taiwan (R.O.C.) |
|
Date of Foundation: |
1984-8-25 |
|
Date of Registration: |
1984-9-5 |
|
Factory Registration Number: |
99603949 |
|
Factory Manager: |
Shengxiong Xu |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2015-3-12 |
|
Major Products: |
271 computer and related equipment 272 communication boardcasting equipment 275 measuring, guiding and controlling equipment, watch
and clock. 269 other electronic components 283 electrical cables and wiring accessories 289 other powder equipment 284 lighting equipment |
Overseas Factories
|
1 |
|
|
Name |
|
|
Address |
No.17-28, (Hong Yeh Rd.), Hong Yeh Industrial District, Tang
Xia Town, Dong Guan City, Guand Dong Province, China |
|
Telephone |
+86-769-8791-3815 |
|
Fax |
+86-769-8772-8464 |
|
2 |
|
|
Name |
Dongguan Factory 2 |
|
Address |
No.10-11, (Hu Pan Rd) 138 Industrial District, Tang Xia Town,
Dong Guan City, Guang Dong Province, China |
|
Telephone |
+86-769-8791-3815 |
|
Fax |
+86-769-8772-8464 |
|
3 |
|
|
Name |
AcBel Electronic (Wuhan) Co., Ltd. |
|
Address |
No.1, DuTai North Road Economic Development Zone. Xiantao City.
Hubei Province, China |
|
Telephone |
+86-728-390-0888 |
|
Fax |
+86-728-325-7852 |
|
4 |
|
|
Name |
AcBel Polytech (Philippines) Inc. |
|
Address |
No.2, Tagaytay Ridge, Carmelray Industrial Park II, Km 54
National Highway, Calamba City, Laguna, Philippines.
4027 |
|
Telephone |
+632-502-7253 |
|
Fax |
+632-502-7253 |
Offices
and Related Companies
|
1 |
|
|
Name |
AcBel Beijing Office |
|
Address |
3E, Building 401, Huizhong Beili, Chao Yang District,
Beijing, China |
|
Telephone |
+86-10-6486-5075 |
|
Fax |
+86-10-6486-5075 x 806 |
|
2 |
|
|
Name |
AcBel Polytech Japan Inc. |
|
Address |
Takashin Bldg, 1F, 4-18-5 Shiba, Minato-ku, Tokyo
108-0014, Japan |
|
Telephone |
+81-3-3456-5855 |
|
Fax |
+81-3-3456-5856 |
|
Email |
|
|
3 |
|
|
Name |
AcBel Polytech Korea office |
|
Address |
#446-3, Songjung-Dong, Kwangju-Si, Kyunggi-Do, Seoul,
Korea |
|
Telephone |
+82-31-766-0641 |
|
Fax |
+82-31-766-0642 |
|
4 |
|
|
Name |
AcBel Boston Office |
|
Address |
227 South Street Hopkinton, MA 01748, USA |
|
Telephone |
+1-508-625-1768 |
|
Fax |
+1-508-625-1684 |
|
5 |
|
|
Name |
AcBel Houston Office |
|
Address |
14715 Hoya Court, Houston, TX 77070, USA |
|
Telephone |
+1-281-655-0021 |
|
Fax |
+1-281-251-6939 |
|
6 |
|
|
Name |
AcBel New York Office |
|
Address |
31 Albany Ave., Kingston, NY 12401, USA |
|
Telephone |
+1-845-338-9183 |
|
Fax |
+1-845-339-0126 |
|
Email |
|
|
7 |
|
|
Name |
AcBel Raleigh Office |
|
Address |
251 Dominion Drive, Suite 111, Morrisville, NC 27560, USA |
|
Telephone |
+1-919-388-4316 |
|
Fax |
+1-919-388-4317 |
|
8 |
|
|
Name |
AcBel Sunnyvale Office |
|
Address |
1185 Bordeaux Drive, Suite B, Sunnyvale, CA 94089, USA |
|
Telephone |
+1-408-541-2087 |
|
Fax |
+1-408-541-6116 |
|
9 |
|
|
Name |
AcBel Ottawa Office |
|
Address |
Ste. 329, 300 Earl Grey Drive, Kanata,
Ontario,Canada |
|
Telephone |
+613-799-5737 |
|
Fax |
+613-592-3568 |
|
10 |
|
|
Name |
AcBel Polytech (UK) Co. Ltd. |
|
Address |
32 Hepburn Road, Hillington Business Park Glasgow G52 4RT,
Scotland, UK |
|
Telephone |
+44-141-883-8631 |
|
Fax |
+44-141-883-8752 |
|
Email |
|
Major Shareholders
|
Name |
Subscription Shares |
|
Shengxiong Xu |
2,637,966 |
|
Qingshan Gao |
2,378,222 |
|
Jianguo Wan |
280,266 |
|
Kinpo Electronics, Inc. |
117,162,063 |
|
Jiuling Zhang |
186,089 |
|
Qijia Xie |
263,547 |
|
Pinghe Qiu |
480,247 |
|
China Development Industrial Bank Co., Ltd |
3,628,521 |
Shareholder Information:
|
1 |
|
|
Registered Name: |
Kinpo Electronics, Inc. |
|
Registered Address: |
10F., No.99, Sec. 5, Nanjing E. Rd.,
Songshan Dist., Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
1973-4-24 |
|
Registration Number: |
04370927 |
|
Registry: |
Department of Commerce, Ministry
of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 20,000,000,000 (USD 662,000,000) (As of 2015.5, 1 NTD = 0.0331
USD) |
|
Paid-up Capital: |
NTD 14,581,132,110 (USD
482,635,473) |
|
Legal Representatives: |
Shengxiong Xu |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2014-12-3 |
|
2 |
|
|
Registered Name: |
China Development Industrial Bank Co., Ltd |
|
Registered Address: |
11 and 12 F, No. 125, Sec. 5, Nanjing E. Road, Songshan
Dist., Taipei City |
|
Date of Foundation: |
1959-5-14 |
|
Registration Number: |
11147207 |
|
Registry: |
Department of Commerce, Ministry
of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 92,668,510,000 (USD
3,067,327,681) (As of 2015.5, 1 NTD = 0.0331
USD) |
|
Paid-up Capital: |
NTD 56,603,994,100 (USD
1,873,592,205) |
|
Legal Representatives: |
Jiazhu Zhang |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2015-5-12 |
Core
Management
Directors
|
1 |
||
|
Name |
Shengxiong Xu |
|
|
Position |
Board Chairman |
|
|
2 |
||
|
Name |
Qingshan Gao |
|
|
Position |
Director & Manager |
|
|
Date of Appointment for Manager |
1996-9-1 |
|
|
3 |
||
|
Name |
Qilin Wei |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Jianguo Wan |
|
|
Position |
||
|
5 |
||
|
Name |
Kinpo Electronics, Inc. |
|
|
Position |
Director |
|
|
6 |
||
|
Name |
Jiuli Zhang |
|
|
Position |
Director |
|
|
7 |
||
|
Name |
Qijia Xie |
|
|
Position |
Independent Director |
|
|
8 |
||
|
Name |
Youquan Wang |
|
|
Position |
Independent Director |
|
|
9 |
||
|
Name |
Hongmao Tian |
|
|
Position |
Independent Director |
|
|
10 |
||
|
Name |
Pinghe Qiu |
|
|
Position |
Supervisor |
|
|
11 |
||
|
Name |
China Development Industrial Bank Co., Ltd |
|
|
Position |
Supervisor |
|
|
12 |
||
|
Name |
Shifang Hu |
|
|
Position |
Supervisor |
|
Personnel
Structure
|
Total Employees |
About 1,400 Employees (Taiwan) About 11,308 Employees (Group) |
Offices & Factories
|
|
Headquarters |
|
Add |
No.159, Sec. 3, Danjin Rd., Tanshui Dist., New
Taipei City 251, Taiwan (R.O.C.) |
Production
Information
·
Subject is engaged in manufacturing of
electrical products and .
·
Subject has factories in Taiwan, the
Mainland of China and Philippines for production.
·
Subject obtained the certification of
TS 16949, ISO 14001, OHSAS 18001, IEQC 080000, ISO 9000 and TL 9000.
Purchase
Information
·
The registered activities of subject:
|
Business Code |
Details |
|
CB01020 |
Manufacturing of office equipment. |
|
CC01010 |
Manufacturing of machinery for electricity generation, electricity
transmission and distribution of electricity. |
|
CC01030 |
Manufacturing of electrical appliances and audio-visual
electronic products. |
|
CC01040 |
Manufacturing of lighting equipment. |
|
CC01060 |
Manufacturing of wired telecommunication equipment. |
|
CC01070 |
Manufacturing of wireless telecommunication equipment. |
|
CC01080 |
Manufacturing of electronic components. |
|
CC01101 |
Manufacturing of radio frequency equipment under telecommunication
regular. |
|
CC01110 |
Manufacturing of computer and related equipment. |
|
CC01990 |
Manufacturing of other electrical equipment and electronic
equipment. |
|
E601010 |
Installing of electrical appliances. |
|
E605010 |
Installing industry of computer. |
|
EZ05010 |
Installing of instrument and apparatus. |
|
F113010 |
Wholesales of machinery. |
|
F113020 |
Wholesales of electrical appliances. |
|
F113030 |
Wholesales of precise instrument. |
|
F113050 |
Wholesales of computer and office equipment. |
|
F113070 |
Wholesales of telecommunication equipment. |
|
F119010 |
Wholesales of electronic materials. |
|
F213010 |
Retails of electrical appliances. |
|
F213030 |
Retails of computer and office equipment. |
|
F213040 |
Retails of precise instrument. |
|
F213060 |
Retails of telecommunication. |
|
F213080 |
Retails of machinery and tools. |
|
F219010 |
Retails of electronic materials. |
|
F401010 |
International trading business. |
|
F401021 |
Importing of radio frequency equipment under
telecommunication regular. |
|
G801010 |
Storage industry. |
|
I301010 |
Services of information software. |
|
JZ99990 |
Other unclassified services. |
|
CE01021 |
Manufacturing of instruments for measuring distance, area
and weight. |
|
F401181 |
Importing of instruments for measuring distance, area and
weight. |
|
JA02051 |
Repairing of instruments for measuring distance, area and
weight. |
|
E701011 |
Telecommunication engineering industry. |
|
E701030 |
Installing and decorating engineering industry of radio
frequency equipment under telecommunication regular. |
|
ZZ99999 |
Besides licensed business, all other business items those
are not banned or restricted. |
·
The raw materials and components for
production are both purchased at home and abroad.
·
Subject is engaged in sale of electrical equipment
·
The major products include AC/DC Adapters,
DC/DC Converter, Open Frame Power Supply, Server Power Supply, Storage Power
Supply, Telecom Power Supply, Power Line Communication, AC to DC Converter and
so on.
·
Subject’s sales regions include Asia,
Europe, America and .
·
Subject’s major customers are
manufacturers of electronic products such as notebook computers, smart phone
and .
·
It is introduced that subject has
cooperated with many famous brands such as “APPLE”, “IBM”, “LENOVO”, “SONY”,
“DELL” and .
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Raw materials and components |
|
Payment Terms |
Cash, T/T |
Import
|
Products |
Raw
materials and components |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Electrical equipment |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Electrical equipment |
|
Selling Terms |
L/C, T/T |
Unit: NTD/000
|
Consolidated
|
2014-12-31 |
2013-12-31 |
|
Assets |
|
|
|
Current assets |
|
|
|
Cash and cash equivalents |
|
|
|
Total cash and cash equivalents |
2,665,388 |
3,409,490 |
|
Current financial assets at fair value through profit or
loss |
|
|
|
Total current financial assets at fair value through
profit or loss |
154,229 |
342,075 |
|
Current derivative financial assets for hedging |
6,409 |
17,222 |
|
Current bond investment without active market |
|
|
|
Current bond investment without active market |
200,000 |
977,674 |
|
Current bond investment without active market, net |
200,000 |
977,674 |
|
Notes receivable, net |
|
|
|
Notes receivable, net |
7,752 |
1,799 |
|
Notes receivable due from related parties, net |
|
|
|
Notes receivable due from related parties, net |
0 |
4,531 |
|
Accounts receivable, net |
|
|
|
Accounts receivable, net |
4,726,566 |
5,153,834 |
|
Accounts receivable due from related parties, net |
|
|
|
Accounts receivable due from related parties, net |
1,086,176 |
443,628 |
|
Other receivables |
|
|
|
Other receivables, net |
52,966 |
70,742 |
|
Inventories |
|
|
|
Inventories, manufacturing business |
|
|
|
Inventories, manufacturing business, net |
2,992,360 |
2,682,388 |
|
Total inventories |
2,992,360 |
2,682,388 |
|
Prepayments |
|
|
|
Total prepayments |
315,741 |
203,059 |
|
Total current assets |
12,207,587 |
13,306,442 |
|
Non-current assets |
|
|
|
Non-current financial assets at cost |
|
|
|
Non-current financial assets at cost, net |
62,999 |
62,999 |
|
Non-current bond investment without active market |
|
|
|
Non-current bond investment without active market, net |
800,000 |
0 |
|
Investments accounted for using equity method |
|
|
|
Investments accounted for using equity method, net |
141,173 |
99,379 |
|
Property, plant and equipment |
|
|
|
Total property, plant and equipment |
3,725,731 |
3,576,018 |
|
Investment property, net |
|
|
|
Investment property, net |
26,368 |
25,012 |
|
Deferred tax assets |
135,407 |
153,823 |
|
Other non-current assets |
|
|
|
Total other non-current assets |
359,978 |
295,294 |
|
Total non-current assets |
5,251,656 |
4,212,525 |
|
Total assets |
17,459,243 |
17,518,967 |
|
Liabilities |
|
|
|
Current liabilities |
|
|
|
Short-term borrowings |
|
|
|
Total short-term borrowings |
277,600 |
434,208 |
|
Current financial liabilities at fair value through profit
or loss |
|
|
|
Total current financial liabilities at fair value through
profit or loss |
154,229 |
346,030 |
|
Current derivative financial liabilities for hedging |
6,033 |
8,988 |
|
Accounts payable |
|
|
|
Total accounts payable |
4,994,280 |
4,937,918 |
|
Accounts payable to related parties |
|
|
|
Total accounts payable to related parties |
147 |
120 |
|
Other payables |
|
|
|
Total other payables |
1,533,614 |
1,604,513 |
|
Other current liabilities |
|
|
|
Total other current liabilities |
298,090 |
295,417 |
|
Total current liabilities |
7,263,993 |
7,627,194 |
|
Non-current liabilities |
|
|
|
Deferred tax liabilities |
|
|
|
Total deferred tax liabilities |
458,436 |
420,227 |
|
Other non-current liabilities |
|
|
|
Accrued pension liabilities |
423,965 |
416,600 |
|
Other non-current liabilities, others |
2,452 |
1,997 |
|
Total other non-current liabilities |
426,417 |
418,597 |
|
Total non-current liabilities |
884,853 |
838,824 |
|
Total liabilities |
8,148,846 |
8,466,018 |
|
Equity |
|
|
|
Equity attributable to owners of parent |
|
|
|
Share capital |
|
|
|
Ordinary share |
5,236,493 |
5,189,943 |
|
Total capital stock |
5,236,493 |
5,189,943 |
|
Capital surplus |
|
|
|
Capital surplus, additional paid-in capital |
|
|
|
Capital surplus, additional paid-in capital arising from
ordinary share |
742,996 |
693,216 |
|
Capital surplus, additional paid-in capital arising from
bond conversion |
169,587 |
169,587 |
|
Total capital surplus, additional paid-in capital |
912,583 |
862,803 |
|
Capital surplus, treasury share transactions |
616 |
616 |
|
Capital surplus, difference between consideration and
carrying amount of subsidiaries acquired or disposed |
3,227 |
39,829 |
|
Capital Surplus, changes in ownership interests in
subsidiaries |
39,829 |
0 |
|
Capital surplus, gain on disposals of property, plant and
equipment |
1,371 |
1,371 |
|
Capital surplus, employee share options |
26,827 |
40,856 |
|
Total capital surplus |
984,453 |
945,475 |
|
Retained earnings |
|
|
|
Legal reserve |
653,206 |
528,389 |
|
Unappropriated retained earnings (accumulated deficit) |
|
|
|
Total unappropriated retained earnings (accumulated
deficit) |
2,001,377 |
1,974,688 |
|
Total retained earnings |
2,654,583 |
2,503,077 |
|
Other equity interest |
|
|
|
Total other equity interest |
142,708 |
42,596 |
|
Total equity attributable to owners of parent |
9,018,237 |
8,681,091 |
|
Non-controlling interests |
292,160 |
371,858 |
|
Total equity |
9,310,397 |
9,052,949 |
|
Number of share capital awaiting retirement |
0 |
0 |
|
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 |
Unit: NTD/000
|
Consolidated
|
2014 |
2013 |
|
Operating revenue |
|
|
|
Net sales revenue |
|
|
|
Sales revenue |
|
|
|
Sales revenue |
24,197,985 |
24,685,438 |
|
Total sales revenue |
24,197,985 |
24,685,438 |
|
Sales returns |
108,312 |
57,543 |
|
Sales discounts and allowances |
4,859 |
33,023 |
|
Net sales revenue |
24,084,814 |
24,594,872 |
|
Total operating revenue |
24,084,814 |
24,594,872 |
|
Operating costs |
|
|
|
Cost of sales |
|
|
|
Cost of sales |
20,488,919 |
20,804,851 |
|
Total cost of sales |
20,488,919 |
20,804,851 |
|
Total operating costs |
20,488,919 |
20,804,851 |
|
Gross profit (loss) from operations |
3,595,895 |
3,790,021 |
|
Gross profit (loss) from operations |
3,595,895 |
3,790,021 |
|
Operating expenses |
|
|
|
Selling expenses |
|
|
|
Total selling expenses |
1,019,696 |
1,078,905 |
|
Administrative expenses |
|
|
|
Total administrative expenses |
655,910 |
610,918 |
|
Research and development expenses |
|
|
|
Total research and development expenses |
1,015,537 |
950,783 |
|
Total operating expenses |
2,691,143 |
2,640,606 |
|
Net operating income (loss) |
904,752 |
1,149,415 |
|
Non-operating income and expenses |
|
|
|
Other income |
|
|
|
Interest income |
|
|
|
Total interest income |
198,745 |
150,753 |
|
Other income, others |
95,765 |
8,844 |
|
Total other income |
294,510 |
159,597 |
|
Other gains and losses |
|
|
|
Foreign exchange gains |
134,235 |
137,484 |
|
Gains on financial assets (liabilities) at fair value
through profit or loss |
217,417 |
762,643 |
|
Miscellaneous disbursements |
7,764 |
6,337 |
|
Losses on financial assets (liabilities) at fair value
through profit or loss |
132,095 |
668,385 |
|
Other gains and losses, net |
211,793 |
225,405 |
|
Finance costs |
|
|
|
Interest expense |
15,731 |
7,268 |
|
Finance costs, net |
15,731 |
7,268 |
|
Share of profit (loss) of associates and joint ventures
accounted for using equity method |
|
|
|
Share of loss of associates and joint ventures accounted
for using equity method |
7,832 |
5,078 |
|
Share of profit (loss) of associates and joint ventures
accounted for using equity method, net |
-7,832 |
-5,078 |
|
Total non-operating income and expenses |
482,740 |
372,656 |
|
Profit (loss) from continuing operations before tax |
1,387,492 |
1,522,071 |
|
Tax expense (income) |
|
|
|
Total tax expense (income) |
283,504 |
276,927 |
|
Profit (loss) from continuing operations |
1,103,988 |
1,245,144 |
|
Profit (loss) |
1,103,988 |
1,245,144 |
|
Other comprehensive income |
|
|
|
Exchange differences on translation |
105,384 |
107,301 |
|
Actuarial gains (losses) on defined benefit plans |
-15,374 |
-331 |
|
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 |
2,630 |
6,032 |
|
Income tax related to components of other comprehensive
income |
4,081 |
6,465 |
|
Other comprehensive income, net |
88,559 |
106,537 |
|
Total comprehensive income |
1,192,547 |
1,351,681 |
|
Profit (loss), attributable to: |
|
|
|
Profit (loss), attributable to owners of parent |
1,100,657 |
1,248,173 |
|
Profit (loss), attributable to non-controlling interests |
3,331 |
-3,029 |
|
Comprehensive income attributable to: |
|
|
|
Comprehensive income, attributable to owners of parent |
1,180,208 |
1,334,928 |
|
Comprehensive income, attributable to non-controlling
interests |
12,339 |
16,753 |
|
Basic earnings per share |
|
|
|
Total basic earnings per share |
2.11 |
2.42 |
|
Diluted earnings per share |
|
|
|
Total diluted earnings per share |
2.08 |
2.38 |
Unit: NTD/000
|
Consolidated
|
2014 |
2013 |
|
Cash flows from (used in) operating activities, indirect
method |
|
|
|
Profit (loss) from continuing operations before tax |
1,387,492 |
1,522,071 |
|
Profit (loss) before tax |
1,387,492 |
1,522,071 |
|
Adjustments |
|
|
|
Adjustments to reconcile profit (loss) |
|
|
|
Depreciation expense |
464,239 |
409,224 |
|
Amortization expense |
46,320 |
83,542 |
|
Provision (reversal of provision) for bad debt expense |
-5,577 |
99,168 |
|
Net loss (gain) on financial assets or liabilities at fair
value through profit or loss |
-3,955 |
37,800 |
|
Interest expense |
15,731 |
7,268 |
|
Interest income |
-198,745 |
-150,753 |
|
Share-based payments |
6,288 |
18,414 |
|
Share of loss (profit) of associates and joint ventures
accounted for using equity method |
7,832 |
5,078 |
|
Loss (gain) on disposal of property, plant and equipment |
-488 |
1,848 |
|
Loss (gain) on disposal of investments |
-6,174 |
0 |
|
Other adjustments to reconcile profit (loss) |
-1,213 |
11,721 |
|
Total adjustments to reconcile profit (loss) |
324,258 |
523,310 |
|
Changes in operating assets and liabilities |
|
|
|
Changes in operating assets |
|
|
|
Decrease (increase) in financial assets held for trading |
0 |
-133,287 |
|
Decrease (increase) in derivative financial assets for
hedging |
10,813 |
-537 |
|
Decrease (increase) in notes receivable |
-5,953 |
-398 |
|
Decrease (increase) in notes receivable due from related
parties |
4,531 |
-3,794 |
|
Decrease (increase) in accounts receivable |
432,845 |
183,588 |
|
Decrease (increase) in accounts receivable due from
related parties |
-642,548 |
97,406 |
|
Decrease (increase) in inventories |
-309,972 |
177,259 |
|
Decrease (increase) in other current assets |
-43,021 |
2,364 |
|
Decrease (increase) in other financial assets |
-26,655 |
-56,023 |
|
Decrease (increase) in other operating assets |
-900 |
1,678 |
|
Total changes in operating assets |
-580,860 |
268,256 |
|
Changes in operating liabilities |
|
|
|
Increase (decrease) in financial liabilities held for
trading |
0 |
158,035 |
|
Increase (decrease) in derivative financial liabilities
for hedging |
-2,955 |
-3,174 |
|
Increase (decrease) in accounts payable |
56,362 |
-177,750 |
|
Increase (decrease) in accounts payable to related parties |
27 |
-71 |
|
Increase (decrease) in other current liabilities |
24,838 |
143,209 |
|
Increase (decrease) in accrued pension liabilities |
-8,009 |
-2,703 |
|
Total changes in operating liabilities |
70,263 |
117,546 |
|
Total changes in operating assets and liabilities |
-510,597 |
385,802 |
|
Total adjustments |
-186,339 |
909,112 |
|
Cash inflow (outflow) generated from operations |
1,201,153 |
2,431,183 |
|
Interest received |
201,322 |
91,646 |
|
Income taxes refund (paid) |
-396,902 |
-161,547 |
|
Net cash flows from (used in) operating activities |
1,005,573 |
2,361,282 |
|
Cash flows from (used in) investing activities |
|
|
|
Acquisition of investments accounted for using equity
method |
-47,744 |
-51,900 |
|
Acquisition of property, plant and equipment |
-622,010 |
-512,226 |
|
Proceeds from disposal of property, plant and equipment |
39,386 |
10,165 |
|
Increase in refundable deposits |
-40,057 |
0 |
|
Decrease in refundable deposits |
0 |
1,176 |
|
Acquisition of intangible assets |
-19,977 |
-25,495 |
|
Increase in other non-current assets |
-23,629 |
-2,431 |
|
Other investing activities |
0 |
73 |
|
Net cash flows from (used in) investing activities |
-714,031 |
-580,638 |
|
Cash flows from (used in) financing activities |
|
|
|
Increase in short-term loans |
-156,608 |
-76,565 |
|
Decrease in other non-current liabilities |
455 |
144 |
|
Cash dividends paid |
-936,454 |
-772,532 |
|
Exercise of employee share options |
76,013 |
82,715 |
|
Acquisition of ownership interests in subsidiaries |
-80,946 |
0 |
|
Interest paid |
-15,523 |
-7,283 |
|
Net cash flows from (used in) financing activities |
-1,113,063 |
-773,521 |
|
Effect of exchange rate changes on cash and cash
equivalents |
77,419 |
74,175 |
|
Net increase (decrease) in cash and cash equivalents |
-744,102 |
1,081,298 |
|
Cash and cash equivalents at beginning of period |
3,409,490 |
2,328,192 |
|
Cash and cash equivalents at end of period |
2,665,388 |
3,409,490 |
|
Cash and cash equivalents reported in the statement of
financial position |
2,665,388 |
3,409,490 |
Note: Subject did not
submit the latest independent financial information to the official registry. We
provide the above consolidated financial information of the subject for your
reference.
The above financial figures are based on the IFRSs
Accounting System.
Subject declined to disclose its bank details; from other
source we could not obtain the relevant information, either.
Mortgage
No chattel mortgage record of subject has been found within
the recent 3 months.
Lawsuit
|
1 |
|
|
Trial Number: |
2010,Su, 4566 |
|
Date of Trial: |
2011-5-31 |
|
Reason: |
Payment for damages |
|
Claimant: |
Kangquan Telecommunication Co.,
Ltd (Liberal Translation) |
|
Defendant: |
Acbel Polytech Inc. |
|
2 |
|
|
Trial Number: |
2010,Su, 4566 |
|
Date of Trial: |
2011-5-2 |
|
Reason: |
Payment for damages |
|
Claimant: |
Kangquan Telecommunication Co.,
Ltd (Liberal Translation) |
|
Defendant: |
Acbel Polytech Inc. |
|
3 |
|
|
Trial Number: |
2010, Zhongsu, 1282 |
|
Date of Trial: |
2010-12-29 |
|
Reason: |
Payment for goods |
|
Claimant: |
Te Dian Ke Industrial Co., Ltd
(Liberal Translation) |
|
Defendant: |
Acbel Polytech Inc. |
|
4 |
|
|
Trial Number: |
2010, Sicu, 26079 |
|
Date of Trial: |
2010-10-25 |
|
Reason: |
Payment for warrants |
|
Claimant: |
Te Dian Ke Industrial Co., Ltd
(Liberal Translation) |
|
Defendant: |
Acbel Polytech Inc. |
Interview Details
|
Name |
Mr. Peter |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
UK Pound |
1 |
Rs.99.67 |
|
Euro |
1 |
Rs.70.83 |
INFORMATION DETAILS
|
Analysis
Done by : |
DIV |
|
|
|
|
Report
Prepared by : |
VNT |
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.