Delivery Date: Feb 08 2023
Last Update Date: Feb 08 2023
Subscriber No: 716000061
Ticket key :202302085007350217
Reference: Sample ReportComprehensive Report

SAMPLE REPORT (TAIWAN) LTD.
ACTIVESINGLE LOCATION

Trading Style: D&B
Company Name(CHN):
Address:
Tel:
DUNS:

台灣樣本報告股份有限公司

8F, No. 300, Minsheng E. Rd., Sec. 3, Songshan Dist., Taipei City, 10596, Taiwan(+886) 2 27298889
65-625-1469

IDENTIFICATION & SUMMARYIDENTIFICATION

BR. No.:Fax:

Website:12345678(+886) 2 27293331

www.sampleService.com.tw

Established:Line of Business:

Imports:

1985

Wholesale of Electronic
Equipment and Parts
Wholsaler of electronic parts
System design

Yes

SUMMARY

Registration Year:
1985
Type of Business:
A public company limited bysharesPublic Ticker
8888
History:

Primary SIC:
3675-9901
2711-0000
2821-0104
3699-0000

Exports:
Yes
Principal:
Su Sample President

Employs:
500 (Total)

Clear

Currency
All monetary amounts quoted in this report are shown in NEW TAIWAN DOLLARS (TWD) unlessotherwise statedAddress:
8F, No. 300, Minsheng
E. Rd., Sec. 3,
Songshan Dist. Taipei
City
10596,Taiwan

RISK EVALUATIONSUMMARY

D&B Rating

5A4

Financial Stress Class

5

Former Rating

5A4

Law Suit(s)1Bidding Right
Suspension

No

Paydex®

80

Payment Record(s)

36

Sales

4,602,779 Thousands
2021

Net Worth

2,520,064 Thousands
2021

Paid up Capital

1,000,000,000

Current Ratio

2.27

Debt to Equity Ratio

0.54

RISK ASSESSMENT

Risk Indicator

4
Low Risk (1)Risk Level of the Company is : HIGH RISKHigh Risk (4)D&B Rating

Former Rating

Financial Strength
5A

Risk Indicator
4

Financial Strength
5A

Risk Indicator
4

Based on NetworthHigh risk

Based on NetworthHigh risk

The Dun & Bradstreet Rating of 5A4 indicates:
Financial Strength of TWD 1,500,000,000 And Above based on Networth
A Risk Indicator which is High risk

FINANCIAL STRESS SCOREThe Taiwan Financial Stress (TFS) Model predicts the likelihood of a firm ceasing business without paying all
creditors in full, or re-organizing or obtaining relief from creditors over the next 12 months. Scores were
calculated using a statistically valid model derived from D&B's extensive data files.
Subject Company

1
Low Risk (100)High Risk (1)Financial Stress Percentile : (Highest Risk: 1 ;Lowest Risk: 100) : 1
Incidence of Financial Stress Among
Companies with this Classification: 6.60%(660 per 10,000 cos)
Incidence of Financial Stress - Taiwan
Database Average : 2.10% (210 per 10,000
cos)

Relative Risk

Financial Stress Score :Financial Stress Class

3 Times Above Average

1232(Highest Risk: 1232; Lowest Risk:
1600)

5(Highest Risk: 5; Lowest Risk: 1)

Comparisons

1
Low Risk (100)High Risk (1)High Risk (1)The subject business has a Financial Stress
Percentile that shows high risk than otherbusinesses in the same employee size range.

Years in Business: 20-49 years

70
Low Risk (100)The subject business has a Financial Stress
Percentile that shows same risk as otherbusinesses in the same industry.

Employee Size: 500-999 employees

93
Low Risk (100)Industry: MFG ELECTRONIC CAPACITORSHigh Risk (1)The subject business has a Financial Stress
Percentile that shows high risk than otherbusinesses with a comparable number of theyears in business range.

Notes
1. The Financial Stress Class indicates that this company shares some of the same business and financial
characteristics of other companies with this classification. It does not mean the firm will necessarily
experience financial distress.
2. The Financial Stress Percentile reflects the relative ranking of a company among all scoreable companies
in D&B database.
3. The Financial Stress Score offers a more precise measure of the level of risk than the Class and Percentile.
It is specially helpful to customers using a scorecard approach to determine overall business.
4. All Financial Stress Class, Percentile, Score and Incidence statistics are based on latest analysis derived
from D&B Taiwan database.

Trends in Financial Stress Score

100
90
80
70
60
50
40
30
20
10
0
MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB

2022

2022

2022

2022

2022

2022

2022

2022

2022

2022

2023

2023

Subject Company

Industry

TRADE PAYMENTS



Amounts may be rounded to nearest figure in prescribed ranges

TRADE PAYMENT SUMMARY (TWD)
Value
Bands

No of
Exp

Within
Terms

1-30
Days

31-60
Days

61-90
Days

91+
Days

Total
Value

>50,000,00
0

0

0%

0%

0%

0%

0%

0

10,000,000
50,000,000

0

0%

0%

0%

0%

0%

0

5,000,000 - 0
10,000,000

0%

0%

0%

0%

0%

0

1,000,000 - 23
5,000,000

100%

0%

0%

0%

0%

89,000,000

200,000 1,000,000

5

91%

0%

9%

0%

0%

3,400,000<200,000

8

100%

0%

0%

0%

0%

530,000

Settlements/Debts

0

0%

0%

0%

0%

0%

0

TOTAL

36

100%

0%

0%

0%

0%

92,930,000

The TWD amounts represented above may be the result of converting TWD or other currency types to USD
to facilitate their joint interpretation.

TRADE PAYMENT EXPERIENCES
D&B obtains payment references from local and international suppliers. References listed below may befrom either or both sources. Amounts may be rounded to the nearest figure in prescribed ranges.(Max. 100
records displayed)Date

PayingRecordCurrency

High
CreditNow
Owes

Past Due

Payment
Terms

Last Sale

Jul 31 2022

PROMPT

TWD

5,000,000

85,0000

EOM 60Jul 15 2022

Jul 31 2022

PROMPT

TWD

5,000,000

250,000

0

EOM 30Jul 15 2022

Jun 302022

PROMPT

TWD

5,000,000

5,000,000

0

EOM 60Jun 152022

Jun 302022

PROMPT

TWD

5,000,000

300,000

0

EOM 30Jun 152022

May 31
2022

PROMPT

TWD

2,000,000

7,500

0

EOM 60

May 152022

May 31
2022

PROMPT

TWD

5,000,000

1,000,0000

EOM 30

May 152022

Apr 302022

PROMPT

TWD

2,000,000

900,000

0

EOM 60

Apr 152022

Apr 302022

PROMPT

TWD

5,000,000

7,500

0

EOM 30

Apr 152022

Mar 31
2022

PROMPT

TWD

2,000,000

65,0000

EOM 60Mar 152022

Mar 31
2022

PROMPT

TWD

5,000,000

30,0000

EOM 30Mar 152022

Feb 282022

PROMPT

TWD

2,000,000

60,0000

EOM 60Feb 152022

Feb 282022

PROMPT

TWD

5,000,000

1,000,0000

EOM 30Feb 152022

Jan 31
2022

PROMPT

TWD

2,000,000

200,000

0

EOM 60

Jan 152022

Jan 31
2022

PROMPT

TWD

5,000,000

5,000

0

EOM 30

Jan 152022

Dec 31
2021

PROMPT

TWD

2,000,000

200,000

0

EOM 60Dec 152021

Dec 31
2021

PROMPT

TWD

5,000,000

65,0000

EOM 30Dec 152021

Nov 302021

PROMPT

TWD

2,000,000

15,0000

EOM 60

Nov 152021

Nov 302021

PROMPT

TWD

5,000,000

100,000

0

EOM 30

Nov 152021

Oct 31
2021

PROMPT

TWD

2,000,000

2,000,000

0

EOM 60

Oct 152021

Oct 31
2021

PROMPT

TWD

5,000,000

10,0000

EOM 30

Oct 152021

Sep 302021

PROMPT

TWD

100,000

5,000

0

EOM 60

Sep 152021

Sep 302021

PROMPT

TWD

5,000,000

20,0000

EOM 30

Sep 152021

Aug 31
2021

PROMPT

TWD

100,000

100,000

0

EOM 60Aug 152021

Aug 31
2021

PROMPT

TWD

5,000,000

5,000,0000

EOM 30Aug 152021

Jul 31 2021

PROMPT

TWD

400,000

400,000

0

EOM 60Jul 15 2021

Jul 31 2021

PROMPT

TWD

3,000,000

3,000,0000

EOM 30Jul 15 2021

Jun 302021

PROMPT

TWD

25,00025,0000

EOM 60Jun 152021

Jun 30
2021

PROMPT

TWD

900,000

900,000

0

EOM 30Jun 152021

May 31
2021

SLOW 60

TWD

300,000

300,000

300,000

EOM 60Mar 152021

May 31
2021

PROMPT

TWD

60,00060,0000

EOM 30

May 152021

Apr 302021

PROMPT

TWD

60,00060,0000

EOM 60

Apr 152021

Apr 302021

PROMPT

TWD

1,000,000

1,000,0000

EOM 30

Apr 152021

Mar 31
2021

PROMPT

TWD

800,000

800,000

0

EOM 60Mar 152021

Mar 31
2021

PROMPT

TWD

100,000

100,000

0

EOM 30Mar 152021

Feb 282021

PROMPT

TWD

45,00045,0000

EOM 60Feb 152021

Feb 282021

PROMPT

TWD

40,00040,0000

EOM 30Feb 152021

The above payment record reflects how accounts are paid in relation to the terms granted. SLOW30, forexample, indicates a 30 day term where 30 additional days are taken.
In some instances, payment beyond terms can be the result of disputes over merchandise, lost invoices, etc.

D&B PAYDEXThis Payment section reflects payment information in D&B's file as of Feb 08 2023.
The Paydex for SAMPLEREPORT (TAIWAN) LTD. is:80This Paydex indicates that, within the past 12 months, payments to suppliers are generally Payments
received within terms granted weighted by TWN dollar amounts.
The Paydex used by Dun&Bradstreet is a computer generated, 1 to 100 dollar-weighted numerical indicatorof payment performance as reported to D&B.

Paydex of This Business

80
Low Risk (100)High Risk (1)When weighted by value, payments to
suppliers average Payments received withinterms granted based on payments collected
over the last 12 months.
This business has a same paydex than its
industry.

Risk of Slow Payment

D&B Paydex

Payment Behaviour

Low Risk

80

Payments received withinterms granted

Paydex of This Industry

Median is 80 (Payments received withinterms granted)
Upper Quartile is 80 (Payments received
within terms granted)
Lower Quartile is 80 (Payments received
within terms granted)

80
Low Risk (100)High Risk (1)Median:Industry Name:

Based On :Payments received withinterms granted

MFG ELECTRONIC CAPACITORS

878 businesses

Trends in Paydex and Industry Norm Median
100
90
80
70
60
50
40
30
20
10
0
FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

2022

2022

2022

2022

2022

2022

2022

2022

2022

2022

2022

2023

PaydexIndustry Norm Median

COUNTRY/REGION RISK
February 2023
OVERALL COUNTRY/REGION RISK RATING : DB2d
Rating Outlook: Improving
CREDIT ENVIRONMENT OUTLOOK
Trend: Improving
SUPPLY ENVIRONMENT OUTLOOK
Trend: Stable
MARKET ENVIRONMENT OUTLOOK
Trend: Stable
POLITICAL ENVIRONMENT OUTLOOK
Trend: StableNEWS AND ALERTSCOMPANY NEWSMedia NewsDate:

May 06 2022

Source:China Times Inter@ctive

Drugs, firearms, criminal organizations related |uhttps://www.chinatimes.com/realtimenews/20220506001964-260402

PUBLIC RECORD INFORMATION



SUITS
A search of the Court File showed the following record of civil suit against the company for the past five
years.
Judgment No:* 105.Chin.106 *Judged Date:

Oct 05 2018

Court:

Taiwan Taipei District Court

Plaintiff:

A-TECH INTERNATIONAL CO.,LTD

Cause:

DamagesJudgment:

Overruled

COLLATERAL RECORDS
A search conducted at Ministry of Economic Affairs has revealed no Collateral Record (s) as at present.

BIDDING RIGHT SUSPENSION
A search conducted at the Taiwan Governmental Authorities revealed the subject is not prohibited frombidding against Governmental projects currently.

BANKS



REFERENCE
The company maintains relationships with several banks in Taiwan, including the following:
Bank Name:

E. Sun Commercial Bank, Ltd.

NON-SUFFICIENT FUND & BLACKLIST
According to TSE Public Observation Post, the subject did not report any bounced checks stem from Non
Sufficient Funds in recent one month.

CURRENT INVESTIGATIONOn May 23 2022, the information in this report was obtained from public records and D&B database.

MANAGEMENT SUMMARY
On Nov 17 2022, in view of public company nature, part of information in this report is updated according to
its annual report.

HISTORY

BUSINESS REGISTRATION
Subject is a public company limited by shares which was registered in Taiwan on Jul 13 1985 under businessregistration number 12345678. Business was established in 1985. Subject is listed on the Taiwan Stock
Exchange under the code 8888 with effect from Jul 20 2015.

REGISTERED ADDRESS AND LEGAL REPRESENTATIVE
Registered Address:

8F, No. 600, Minsheng E. Rd., Sec. 4, Taipei City

Legal Representative:

Su, Sample

Special Events
Authorized Capital:$1,600,000,000.

Paid up Capital:$1,000,000,000 as of Nov 17 2022.

CHANGE IN SHAREHOLDER STRUCTURER
Shareholders

Number of shares%Shares

Sample Report (Taiwan)
Test Ltd., (Taiwan)

123,456,789,012

55.00

Other

12,345,678,901

45.00

Total

100.00Total Number of Shareholders: 1234.
Name Changes
From: Sample Technology Co., Ltd.
Changes in Business Address

To: Sample Report (Taiwan) Ltd. in Aug 1990

From: 10F, 577, Min Chuan E. Rd., Sec. 5, Taipei City, To: 8F, No. 300, Minsheng E. Rd., Sec. 3, Taipei City,
Taiwan R.O.C.
Taiwan R.O.C. on May 04 2021

ADDITIONAL COMMENTS
A search at the Taipei City Government, Department of Commerce and Bureau of Foreign Trade on Nov 17
2022 confirmed the above registration and capital details.

KEY EVENTSIn 1990, The subject was awarded with the National Quality Platinum Medal.
In Apr 1997, The subject established overseas branch in Malaysia.
On Jul 20 2015, The subject becam a public listed company.

CORPORATE STRUCTURE



PARENT
D-U-N-S:

65-616-7913

Name:

SAMPLE REPORT & CO., LTD.123

Address:

8F, No. 600, Minsheng E. Rd., Sec. 4, Sonshan Dist., 63011, Taiwan

Phone:

02-72988891

CEO:

Su Cheng Hsing President

Line of Business:

Manufacturer of computer peripherals

Employees:

6000

Capital:$600,000,000

Year Started:

Jul 01 1985

BR. No.:25551111

Ownership:

Owned 55 % of subject

AFFILIATED COMPANIESName:

SAMPLE AFFILIATES REPORT CO., LTD.

Address:

8F, 133, Minsheng E. Rd, Sec. 3,, Taipei City,
TaiwanCapital:$ 250,000,000

Year Started:

Dec 21 2000

BR. No.:35791356

Ownership:

25% Owned by Subject

Name:

SAMPLE AFFILIATE LIMITED

Address:

8F, 133, Minsheng E. Rd, Sec. 3,, Taipei City,
TaiwanCapital:$ 500,000,000

Year Started:

Nov 11 1982

BR. No.:23456789

Ownership:

45% Owned by Subject

Note: * mark represents the possible substantive controlling and subordinate relationship.

SUBSIDIARIESName:

SAMPLE SUBSIDIARY REPORT CO., LTD.

Address:

8F, 133, Minsheng E. Rd, Sec. 3,, Taipei City,
TaiwanCapital:$ 250,000,000

BR. No.:100

Ownership:

100% Owned by Subject

PRINCIPALS



Name:

SU, SAMPLE

Title:

President

Gender:maleYear Started with Subject:

1985

Active in Operation:

Yes

Comments:

Texas Instruments Taiwan Limited

PREVIOUS EMPLOYMENT
Firm

Title

Date From

Date to

ABC Corporation

Manager

1957

1985

Name:

YANG, SAMPLE

Title:

General Manager

Gender:male

Professional Recognition:

Certified Accountant

Year Started with Subject:

1985

Active in Operation:

Yes

PREVIOUS EMPLOYMENT
Firm

Title

Date From

Date toAcer Incorporation

Vice General Manager

1964

1980

OPERATIONSLINE OF BUSINESS
Wholesale of Electronic Equipment and Parts(Data source: Fiscal Information Agency, MOF)

Wholsaler of electronic parts
Radiator fins and batteries

System design

TRADE STYLE
Trading Style:

D&B

LINE OF PRODUCTS AND SERVICES
Line of Products andServices:

passive components 60%
others 40%

BRAND
Major brands includes:

SUPER FIN
GEAR
Battery

AGENCY
Agency held include:

Gollum (Germany)
GEAR (United States)
Radiator (Andorra)

SALES TERRITORY
Local & Other Markets
Local:

80%

Other Markets(Country/Region):

20%

Exporting to(Country/Region):

Asia
United States
Mainland China

PURCHASES
Local & Other Markets
Local:

40%

Other Markets(Country/Region):

60%

Importing From(Country/Region):

United StatesJapan
AfricaMainland China

EXPORT/IMPORT VOLUME AND RANKThe Yearly Import/Export Volume data is obtained from the Bureau of Foreign Trade, MOEA. D&B ranks thevolume sequentially with the latest records in this report. Subject cannot be ranked in cases of insufficient
information or unqualified rank level.
Year

EXPORT/IMPORT VALUE RANGE
Following are the subject's annual export/import value range records posted by the Bureau of Foreign
Trade, MOEA
Year

2017

2018

2019

2020

Actual export
value range:

C

A

D

B

Actual importvalue range:

G

K

C

D

* Please refer to the "Appendix" at the bottom of this report for the table of value ranges.

PURCHASING AND SELLING TERMS
Purchasing Terms:

T/T

Selling Terms:

T/T

EMPLOYEES
Number of Employees:

500 (Total)

LOCATION



Subject is located in a commercial area. Subject owns premises at the above captioned address 200 pings(660 sq.m.), used as its office. Occupied 1 floor(s) in a 20-story building.Premises condition is fair.Premises
shared with subsidiary and/or affiliated companies.
BRANCH(ES)D-U-N-S:

39-576-8377

Address:

111, Innovation 1st Rd., Hsinchu City, Taiwan

TEL:

03-5553456

Land Area

2,500 Pings

Building Area

1,000 Pings

Premises

RentedFINANCIAL INFORMATIONHISTORICAL PERFORMANCE: BALANCE SHEET

2,600,000
2,400,000
2,200,000
2,000,000
1,800,000

sdnasuoht DWT

1,600,000
1,400,000
1,200,000
1,000,000
800,000
600,000
400,000
200,0000

Dec 2017

Net WorthDec 2018

Dec 2019

Dec 2020

Long Term Liabilities

Dec 2021

Current Liabilities

Fixed ABALANCE SHEET
Balance Sheet
Information

Consolidated
Dec 31 2017
Thousands
TWD

Consolidated
Dec 31 2018
Thousands
TWD

Consolidated
Dec 31 2019
Thousands
TWD

Consolidated
Dec 31 2020
Thousands
TWD

Consolidated
Dec 31 2021
Thousands
TWD

Level of Audit

yes

yes

yes

yes

yes

Audited byPricewaterhou
seCoopers

Pricewaterhou
seCoopers

Pricewaterhou
seCoopers

Pricewaterhou
seCoopers

Pricewaterhou
seCoopers

Auditor notes

Auditors
opinion is freefrom allqualifications.

Auditors
opinion is freefrom allqualifications.

Auditors
opinion is freefrom allqualifications.

Auditors
opinion is freefrom allqualifications.

Auditors
opinion is freefrom allqualifications.

Statement
Source

The abovestatements
were obtained
from TSE
MarketObservation
Post

The abovestatements
were obtained
from TSE
MarketObservation
Post

The abovestatements
were obtained
from TSE
MarketObservation
Post

The abovestatements
were obtained
from TSE
MarketObservation
Post

The abovestatements
were obtained
from TSE
MarketObservation
Post

AssetsConsolidated
Dec 31 2017
Thousands
TWD

Consolidated
Dec 31 2018
Thousands
TWD

Consolidated
Dec 31 2019
Thousands
TWD

Consolidated
Dec 31 2020
Thousands
TWD

Consolidated
Dec 31 2021
Thousands
TWD

Cash

995,597

843,239

1,019,000

882,732

907,789

Accounts
Receivables

610,308456,376

610,535

662,185

702,733

Notes
Receivable

8,434

4,014

21,096

16,67918,824

Other
Receivables

16,874

21,05920,88615,127

11,360Inventory

758,290730,264

901,562

946,661

818,841

Prepayment

28,014

20,782

29,97824,83937,904

Prepayment

28,014

20,782

29,97824,83937,904

53

6

74

52

Short Term
Investments

244,028

35,0060

Other Current
Assets7,723

150,028

8,037

3,643

3,996

CURRENTASSETS

2,669,321

2,260,774

2,611,168

2,551,918

2,501,447

Other Fixed
Assets484,696

1,358,260

1,342,035

1,343,510

1,328,060

Fixed Assets

484,696

1,358,260

1,342,035

1,343,510

1,328,060

Intangible
Asset

138,464

104,642

102,965

125,710

113,714

Intangibles

138,464

104,642

102,965

125,710

113,714

Investments

923

923

29,033

27,57025,945

Other Assets

52,183

46,251

54,247

68,34474,351TOTAL LONGTERM ASSETS

53,10647,174

83,28095,914

100,296

TOTAL ASSETS

3,345,587

3,770,850

4,139,448

4,117,052

4,043,517

Liabilities

Consolidated
Dec 31 2017
Thousands
TWD

Consolidated
Dec 31 2018
Thousands
TWD

Consolidated
Dec 31 2019
Thousands
TWD

Consolidated
Dec 31 2020
Thousands
TWD

Consolidated
Dec 31 2021
Thousands
TWD

Accounts
Payable524,757

476,730

617,457

397,432

318,697

Notes Payable

178

1,473

675

675

997

Other Payables

314,813252,053

329,034

313,651

325,6960053,000102,000

0

Due to Related
Parties

14,835

12,466

13,750

5,075

4,640

Provision for
Income Tax

43,27059,395

134,253

54,35581,882Other Current
Liabilities

35,096438,287

447,884

76,742368,229TOTAL
CURRENT
LIABILITIES

932,949

1,240,404

1,596,053

949,930

1,100,141

Medium/Long
Term Loans

119,137

63,72947,86443,721

38,685

Bonds &
Debentures

386,1610319,618

0

Due from
Related Parties

Short-Term
LoansOther NonCurrent Liab

48,28938,34242,647

97,218139,065

Deferred Liab

75,44358,17889,895

109,166

131,848

TOTAL NONCURRENT
LIABILITIES

629,030

160,249

180,406

569,723

309,598

TOTAL
LIABILITIES

1,561,979

1,400,653

1,776,459

1,519,653

1,409,739

Consolidated
Dec 31 2017
Thousands
TWD

Consolidated
Dec 31 2018
Thousands
TWD

Consolidated
Dec 31 2019
Thousands
TWD

Consolidated
Dec 31 2020
Thousands
TWD

Consolidated
Dec 31 2021
Thousands
TWD

Capital790,310794,509797,245864,911

849,850

Capital Reserve

183,745

198,563

214,960

245,919

330,595

Others

13,779-12,914-4,230-26,633-38,975

Retained
Earnings

757,032

1,390,039

1,355,014

1,513,202

1,492,308

Shareholder'sEquityMinority
Interest

0

Minority
Interest

38,74200

0

0

TOTAL EQUITY

1,744,866

2,370,197

2,362,989

2,597,399

2,633,778

TOTAL EQUITYAND
LIABILITIES

3,345,587

3,770,850

4,139,448

4,117,052

4,043,517

HISTORICAL PERFORMANCE: PROFIT & LOSS
5,000,000
4,500,000
4,000,000
3,500,000

sdnasuoht DWT3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,0000

Dec 2017

Net Income

Dec 2018

Dec 2019

Gross Income

Dec 2020

Dec 2021

Net Sales

PROFIT & LOSS
Particulars

Consolidated
Consolidated
Consolidated
Consolidated
Consolidated
From Jan 01
From Jan 01
From Jan 01
From Jan 01
From Jan 01
2017
2018
2019
2020
2021
To Dec 31 2017 To Dec 31 2018 To Dec 31 2019 To Dec 31 2020 To Dec 31 2021
Thousands
Thousands
Thousands
Thousands
Thousands
TWD
TWD
TWD
TWD
TWD

Sales4,707,109

3,994,229

5,010,644

4,738,911

4,602,779

Net Sales

4,707,109

3,994,229

5,010,644

4,738,911

4,602,779

Cost of Goods
Sold-2,961,663-2,634,227-3,344,494-3,045,427-3,052,024

0

0

-36

-21

OthersGrossProfit/Loss

1,745,446

1,360,002

1,666,150

1,693,448

1,550,734

Sell.,General &Adm. Exp.

-660,353-562,038-579,200-623,480-594,948

Other
Expenses---1,278-1,991-2,696

R&D Exp.

-480,916-403,250-418,399-453,968-422,620

General &Adm. Exp.

-113,383-101,312-110,253-115,174-126,519

Operating
Income /Expenses-1,254,652-1,066,600-1,109,130-1,194,613-1,146,783

Operating
Profit / Loss

490,794

293,402557,020

498,835

403,951

Non Operating
Income/Exp.

2,775

730,756

48,521

97,582

8,551

NonOperating
Income /Expenses

2,775

730,756

48,521

97,582

8,551

Profit/Lossbefore Tax493,569

1,024,158

605,541

596,417412,502

Income Tax-118,761-95,244-198,617-135,962-105,904

Profit/Lossafter Tax

374,808

928,914406,924

460,455

306,598

Net Profit(Loss) after
tax & Min.
Interest

374,808

928,914406,924

460,455

306,598

CASH FLOW STATEMENT
Particulars 2017

2018

Change% YOY

2019Change% YOY

2020

Change% YOY

2021

Change
% YOY

Cash
Flows
from
Operating
Activities465,746

306,713-34.15648,263111.36

107,110-83.48541,496405.55

Cash
Flows
from
Investing
Activities-54,666-282,182-416.19-79,061

71.98

68,554---43,305

--

Cash
Flows
from
Financing
Activities

83,037-176,98
3---400,660-126.38-285,768

28.68-462,365-61.80Effectsof
Changes in
Exchange Rate-57,526

94

--

7,219

7,579.7
9-26,164---10,769

58.84

Net
Cash
Flows

436,591-152,35
8--

175,761---136,268--

25,057--LIQUIDITY RATIOS

2.5

2.0

1.5

1.0

0.5

0.0

Dec 2017

Dec 2018

Current Ratio

PROFITABILITY RATIOS

Dec 2019

Quick Ratio

Dec 2020

Dec 2021

35
30
25
20
15
10
5
0

Dec 2017

Dec 2018

Profit Margin

Dec 2019

Dec 2020

Dec 2021

Return On Assets

DEBT RATIOS

0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0.0

Dec 2017

Dec 2018

Debt-To-Equity

EFFICIENCY RATIOS

Dec 2019

Debt Ratios

Dec 2020

Dec 2021

9
8
7
6
5
4
3
2
1
0

Dec 2017

Dec 2018

Dec 2019

Dec 2020

Accounts Receivable Turnover (Times)

Dec 2021

Average Inventory Turnover

KEY RATIOS
Particulars

Dec 31 2017

Dec 31 2018

Dec 31 2019

Dec 31 2020

Dec 31 2021

Total
Debt/Equity
Ratio

0.90

0.59

0.75

0.59

0.54

Debt Ratio

0.47

0.37

0.43

0.37

0.35

489.77186.30189.52235.74221.63Current Ratio

2.86

1.82

1.64

2.69

2.27

Quick Ratio

2.05

1.23

1.07

1.69

1.53

Working
CapitalTurnover(Days)

132.80

91.97

72.93

121.70109.60Accounts
Receivable
Turnover(Times)

7.41

8.30

7.68

6.83

6.28

Days Sales
Outstanding(Days)

48.61

43.39

46.88

52.72

57.32

Payment
Period (Days)

102.0799.80

101.95

84.14

76.13

3.91

3.61

3.71

3.22

3.73

CAPTIAL
STRUCTURE
ANALYSISLong Term
Funds to Fixed
Assets (%)
LIQUIDITYANALYSISEFFICIENCYANALYSIS

AverageInventory
turnover(times)Average Days
to Sell
Inventory(Days)

92.17

99.80

97.05

111.91

96.58

Fixed Assets
Turnover(Times)

9.71

2.94

3.73

3.53

3.47

Total Asset
Turnover(Times)

1.41

1.06

1.21

1.15

1.14

Profit Margin

7.96

23.26

8.12

9.72

6.66

Return on
Assets

11.20

24.63

9.83

11.18

7.58

Return on
Equity

21.48

39.19

17.22

17.73

11.64

Earnings Per
Share (NTD)

4.56

11.71

5.12

5.76

3.73

PROFITABILITY ANALYSISINDUSTRY MEDIAN
Particulars

2019

2020

2021

Total Debt/Equity Ratio

0.625

0.64

0.7

Debt Ratio

0.39

0.39

0.41

Long Term Funds toFixed Assets (%)

254.54258.15276.66

Current Ratio

2.095

2.06

2.06

Quick Ratio

1.62

1.65

1.55

Accounts Receivable
Turnover (Times)

4.685

4.495

4.62

Days Sales Outstanding(Days)

77

80

78

Average Inventory
turnover (times)

4.925

4.55

3.81

Average Days to Sell
Inventory (Days)

72

77.5

92

Fixed Assets Turnover(Times)

2.595

2.67

2.87

Total Asset Turnover(Times)

0.725

0.67

0.72

Return on Assets

3.15

3.735

5.57

Return on Equity

5.925

6.215

10.17

Earnings Per Share
(NTD)

0.955

1.22

1.9

Note: Industry median is calculated by using the data from 501 public companies' within the same industry
as the subject.

FINANCIAL HIGHLIGHTS / PARTIAL ESTIMATES
Partial Estimates

Financial highlights of the company for the period Jan 01 2022 to Sep 30 2022 were as follows:
Amount(Thousands)
Total Current Assets

3,093,692

Other Assets

1,476,797

Total Assets

4,570,489

Total Current Liabilities

1,634,684

Total Non-Current Liab

331,667

Total Liabilities

1,966,351

Shareholders' Equity

2,604,138

Equity & Liabilities

4,570,489

Sales

2,070,085

Cost of Goods Sold

1,339,112

Gross Profit

730,973

Operating Expenses

589,932

Operating Profits(Loss)

141,041

Non-Operating Income

70,444

Net Profit(Loss) before Tax

211,485

Net Profit(Loss) after tax

165,388

Cash Flows from Operating Activities-397,636

Cash Flows from Investing Activities

100,112

Cash Flows from Financing Activities

9,776

Effects of Changes in Exchange Rate

-26,732

Net Cash Flows-314,480

Above interim was Consolidated statement.

FINANCIAL ANALYSIS
Current ratio of 2.27 indicated a healthy liquidity position with adequate current assets to back short-term
liabilities.
Debt/equity ratio of 0.54 indicated a low debt position with adequate shareholders funds to back and repay
total borrowings.
Operations were conducted profitably with a net margin of 6.66%.
The net profit (after tax) of 306,598 thousands represented an 11.64% return on equity and a 7.58% returnon total assets.

APPENDICES

D&B RATINGThe D&B rating of 5A4 indicates a tangible net worth over TWD 1,500,000,000 And Above and an overall
credit condition which is considered High risk.

D&B RATING TABLE: TAIWAN*Financial Strength In: New Taiwan Dollars
Financial Strength Based On:Tangible Net Worth or Capital
Financial Strength Indicators:

Range

Networth

Capital

From

To

5A

5AA

$ 1,500,000,000

And Above

4A

4AA$ 250,000,000$ 1,499,999,999

3A

3AA

$ 25,000,000$ 249,999,999

2A

2AA

$ 20,000,000$ 24,999,999

1A

1AA

$ 15,000,000$ 19,999,999

AAA$ 10,000,000$ 14,999,999

BBB$ 5,000,000$ 9,999,999

CCC$ 3,000,000$ 4,999,999

DDD$ 2,000,000$ 2,999,999

EEE$ 1,000,000$ 1,999,999

FFF$ 750,000$ 999,999

G

GG$ 500,000$ 749,999

H

HH

$0

$ 499,999

Alternate Ratings UsedN

Financial Strength is negativeO

Financial Strength is undisclosed

NB

New Business: Less than 24 months

NQ

Out of Business: Business has ceased to trade

BR

Branch or division location

DS

Indicates that only brief partial information iscurrently available on the company, and a fullinvestigation will be conducted once an enquiry isplacedINV

Indicates that D&B is currently conducting an
investigation to gather the most current details

COMPOSITE CONDITIONS
1 Minimal risk
2 Low risk
3 Risk slightly higher than average
4 High risk
- Undetermined risk

TAIWAN FINANCIAL STRESS MODEL
The Financial Stress model assigns three measurements of risk:
1. A "Class" of 1 - 5,which is a segmentation of the scoreable universe into five distinct risk groups where aone (1) represents businesses that have the lowest probability of financial stress, and a five (5) representsbusinesses with the highest probability of financial stress. This Class enables a customer to quickly segment

their new and existing accounts into various risk segments to determine appropriate marketing or credit
policies.
2. A "Percentile" of 1 - 100,where a 1 represents businesses that have the highest probability of financial
stress, and a 100 which represents businesses with the lowest probability of financial stress. This Percentile
shows you where a company falls among businesses in the D&B database, and is most effectively used bycustomers to rank order their portfolios from highest to lowest risk of business failure.
3. A "Financial Stress Score" of 1,232 - 1,600,where a 1,232 represents businesses that have the highest
probability of financial stress, and a 1,600 which represents businesses with the lowest probability offinancial stress. As this score is derived directly from the scorecard, it offers a more precise measure of thelevel of risk than any other measurements of risk as it shows the exact score from the scoring algorithm.
The D&B Financial Stress Score is especially useful to customers using computerized decision systems todetermine overall business performance.

EXPORT/IMPORT VALUE RANGE TABLE
A

10 USD million & up

B

9~10 USD million

C

8~9 USD millionD

7~8 USD million

E

6~7 USD million

F

5~6 USD millionG

4~5 USD million

H

3~4 USD millionI

2~3 USD millionJ

1~2 USD million

K

0.5~1 USD million

L0~0.5 USD million

M

0

Paydex Payment

Rating Manner

100

Anticipated90

Discount

80

Prompt70

Slow to 15

50

Slow to 30

40

Slow to 60

30

Slow to 90

20

Slow to 120

CUSTOMER SERVICE
Should you require any further information or have any questions, please contact your local Customer
Service Center. Taiwan subscribers please contact:
Dun & Bradstreet Int'l Ltd, Taiwan Branch
13F, 133, Min Sheng E. Rd., Sec. 3, Sung Shan Dist.,
Taipei City, Taiwan 105
Tel: +886 2 8770-7568

Website: www.dnb.com.tw
Inquiries should always contain the below minimum details:
Full Company Name
Full Headquarters Address
Telephone Number
Business Identification Number
Contact Name
The information in this report was last updated on Feb 08 2023.

CONFIDENTIALITY
CONFIDENTIAL THIS INFORMATION IS PROVIDED BY DUN & BRADSTREET SUBJECT TO THE TERMS AND
CONDITIONS OF YOUR SUBSCRIPTION CONTRACT AND IS NOT TO BE DISCLOSED.
© Rights Reserved 2023 Dun & Bradstreet Int'l Ltd, Taiwan Branch. All Rights
Reserved. This report, furnished pursuant to contract for the exclusive use of thesubscriber as one factor to consider in connection with credit, insurance, marketing orother business decisions, contains information complied from sources which Dun &Bradstreet Int'l Ltd, Taiwan Branch does not control and whole information, unlessotherwise indicated in the report, has not been verified. In furnishing this report, Dun& Bradstreet Int'l Ltd, Taiwan Branch in no way assumes any part of the user's
business risk, does not guarantee the accuracy, completeness, or timeliness of theinformation provided, and shall not be liable for any loss or injury whatsoever
resulting from contingencies beyond its control or from negligence. The preceding
information (data) is for information purposes only and is not the official record ofthis business (company). Information in this report is based upon existing records in
D&B database as of today and may not include information (data) which relates tothis company (business) due to possible changes in ownership, control, name or legal
status.
COPYRIGHT © 2023 DUN & BRADSTREET INT'L LTD, TAIWAN BRANCH. THIS REPORT MAY NOT BEREPRODUCED IN WHOLE OR IN PART IN ANY FORM OR MANNER WHATSOEVER.

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