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NEW-TEK ELECTRONICS LTD


Company Details
Country : Taiwan
Address : 5Fl 41 Nanking East Rd Section 1 Chungshan Dist Taipei City 104
Tel : [+886] 2-26711512
Fax : [+886] 2-26591712
Email : fastape@new-tek.com
Website : www.new-tek.com
Type : Manufacturer
Industry : Electronic Products & Components
Key Facts
Established Year : 1989
Formation : Private
License number/s : 12345678
Date Issued : 1999
Issuing authority : Ministry of Economic Affairs (MOEA)
Employees : 78
Capital : US$ 3,982,122
Credit Rating & Risk Analysis
Risk Index :        Low 
Rating :              Excellent 
Credit Opinion :  Consulted sources within the industry have reported that the company has been                          settling its payments regularly and on time.
Adverse Data
 Results : Total of  0  record found.
Recommended Credit Limit - Trade Finance
Maximum Recommended Credit : USD 14,000.00 based on 90 days
Financial Summary  (Currency: U.S. $'s)
Year Sales Assets Net Income
2005 $103,354,454 $78,123,123 $1,334,000
2006 $138,713,333 $88,115,333 - $1,433,159
2007 $186,182,000 $111,478,713 $2,202,550
Management & Products
 Management : Mr. Ah-ming Tseng, Managing Director
  Mr. Nai-jiu Bai, Director
  Mr. Osman Ding-men Tsai, General Manager
 
 Products : Capacitors
  Electronic components
  Fixed capacitors
  Variable capacitor
  Electronic products
Int´l Trade Activity  (Currency: U.S. $'s)
Year Imports Exports Total
2005 $4,219,907 $5,878,694 $10,098,601
2006 $3,206,616 $5,107,371 $8,313,987
2007 $3,592,986 $5,418,224 $9,011,210

REPORT DETAILS  
Company Name : NEW-TEK ELECTRONICS LTD
Type : Manufacturer
Industry : Electronic Products & Components
Established Year : 1989
Office Contact Details
Address : 7Fl 43 Nanking East Rd Section 2
Zip : 104
Suburb : Chungshan Dist
City : Taipei City
Tel : [+886] 2-26511515
Cell : [+886] 9055266266
Fax : [+886] 2-26511717
E-Mail : fastape@new-tek.com
Web Site : www.new-tek.com
Factory Contact Details
Address : Hsinchu Science-Based Industrial Park 7 Innovation Rd
Zip : 300
City : Hsinchu City
Tel : [+886] 3-5666262
Fax : [+886] 3-5626161
Postal Details
P.O. Box : 52-118
P.O. Zip : 111
P.O. Suburb : Shihlin Dist

SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3675 Electronic capacitors
Manufacturing 3672 Printed circuit boards
Manufacturing 3674 Semiconductors and related devices, and parts, nspf
Manufacturing 3679 Electronic components, nspf
Manufacturing 5065 Electronic Parts/Equip, NEC

OWNERSHIP
Chairman: Dr Louis Ming-li Chen
Nationality: Taiwan
Capital(U.S. $'s): $3,982,122
Employees: 78
Company Formation: Private
Direct Parent: NEW-TEK HOLDINGS CO LTD
Direct Parent Nationality: Taiwan

COMPANY MANAGEMENT
Name Nationality Job Description
Mr. Sen-bing Lim Director Malaysia
Mr. Tin-lum Luk Director USA
Mrs. Debbie Jing-sen Lin Finance Manager Taiwan
Ms. Angel Mei-ling Wang CEO Taiwan
Ms. Julie Hock-sum Chen Director Taiwan

BALANCE SHEET  
Currency : NT$Thousand (Except Number of Shares and Par Value)
                                                  
                                                                                           31 December, 2007                                       31 December, 2006
                                                                                            ------------------------                                              -------------------------
ASSETS
Current Assets
     Cash and cash equivalents                                                 88,396                                                                          60,433
     Investments in mutual funds - net                                      23,030                                                                             9,920
     Notes receivable and accounts receivables -
       net of allowance for doubtful accounts of
       NT$5,819 (US$185) in 2005                                         1,180,484                                                                       698,902
     Inventories - net                                                                     583,822                                                                       846,521
     Receivables from related parties                                       154,590                                                                      138,069
     Receivables from principals                                                 93,493                                                                       119,263
     Prepaid expenses and other current assets                   226,883                                                                         53,404
     Total current assets                                                          2,350,698                                                                    1,926,512
     Investments in shares of stock - net                                 561,234                                                                       487,934
     Properties
     Cost
       Land                                                                                      139,560                                                                       141,456
       Buildings and equipment                                                  364,477                                                                       356,777
       Office equipment                                                                 332,938                                                                       249,535
       Vehicles                                                                                  48,137                                                                          45,430
       Total cost                                                                              885,112                                                                       793,198
     Less - accumulated depreciation                                      241,838                                                                       205,221
     Construction in progress                                                       18,971                                                                         13,337
     Prepayments for buildings and equipment                          1,858                                                                                -
     Net Properties                                                                        664,103                                                                      601,314
     Intangible Assets
     Franchises                                                                              179,301                                                                              -
     Deferred charges                                                                    22,003                                                                               -
    Total intangible assets                                                         201,304                                                                               -  
    Other Assets                                                                             35,233                                                                          24,219
    Total Assets                                                                         3,812,572                                                                   3,039,979

LIABILITIES & STOCKHOLDERS' EQUITY
Current Assets                                                   
     Short-term bank loans                                                          274,000                                                                        94,520
     Commercial papers                                                              319,359                                                                              -
     Notes payable and accounts payable                               397,879                                                                      444,894
     Accrued expenses liabilities                                                124,201                                                                        75,079
     Income tax payable                                                                    1,964                                                                              -
     Other current liabilities                                                            59,458                                                                      126,067
     Total current liabilities                                                        1,176,861                                                                     740,560
     Long-term liabilities                                                               131,000                                                                        22,000
     Accrued pension cost                                                                4,142                                                                           3,348
     Other liabilities                                                                        146,247                                                                              -
     Total liabilities                                                                      1,458,250                                                                     765,908
     Stockholders' equity                                       
     Capital stock - NT$10 par value
       Authorized - 250,000 thousand shares
       Issued - 162,000 thousand shares                               1,620,000                                                                  1,620,000
     Capital surplus                          
       Paid-in capital in excess of par value                                570,249                                                                    570,249
       Gain on disposal of properties                                               1,908                                                                          1,144
       From long-term stock investments                                      45                                                                                      -
       Total capital surplus                                                             572,202                                                                     571,393
     Retained earnings
       Legal reserve                                                                           37,568                                                                       37,568
       Unappropriated earnings                                                    126,130                                                                       50,911
       Total retained earnings                                                        163,698                                                                       88,479
     Unrealized loss on long-term stock investments                (1,287)                                                                      (5,801)
     Cumulative translation adjustments                                         (291)                                                                           -
     Total stockholders' equity                                                   2,354,322                                                                 2,274,071
     Total liabilities and stockholders' equity                          3,812,572                                                                3,039,979
INCOME STATEMENTS
     Product sales - net of sales returns and
     allowance of NT$244,211 (US$7,764) in 2005
     and NT$224,847 in 2004                                                    5,923,774                                                                 4,332,299
     Central distribution service revenues                                  415,442                                                                    393,872
     Commission revenues                                                       6,369,023                                                                 4,760,570
     Cost of product sales and costs of revenues
     from central distribution service                                        5,567,524                                                                 3,983,496
     Gross Profit                                                                               801,499                                                                    777,074
     Operating Expenses                                       
     Sales and marketing                                                              530,186                                                                     645,346
     General and administrative                                                   141,115                                                                    123,330
     Income from operations                                                        130,198                                                                          8,398
     Non-operating income                                                   
     Interest                                                                                        13,318                                                                          7,683
     Investment income recognized under
     equity method                                                                            12,058                                                                              -
     Gain on disposal of investments in mutual
     funds                                                                                             2,787                                                                               -
     Others                                                                                        26,093                                                                         13,003
     Total non-operating income                                                  54,256                                                                         25,040
     Non-operating expenses                                       
     Provision for decline in value of inventories                       48,614                                                                         32,325
     Foreign exchange losses - net                                             22,705                                                                           4,156
     Interest                                                                                       11,790                                                                         24,826
     Investment loss recognized under equity
     method                                                                                             -                                                                              17,344
     Other                                                                                             2,751                                                                           8,762
     Total non-operating expenses                                             85,860                                                                          87,413
     Income (loss) before income tax                                         98,594                                                                       (53,975)
     Income tax                                                                                22,606                                                                         (4,531)
     Net income (loss)                                                                   75,988                                                                       (49,444) 

BANKS REFERENCES
Bank: BANK OF TAIWAN
Bank: CHIAO TUNG BANK CO LTD

PRODUCT, TECHNOLOGY, SERVICES DESCRIPTION 
Main Products & Services
Specializing in two main areas of work:
1. Import of computer components.
2. Production of multi-layer printed circuit boards incorporating some of the raw materials imported.

Detailed Product Specifications
Characteristics of products include:
- Layers include : 2-8 layers
- PCB's with hot air levelling process
- PCB's with electroless nickel/gold plating
- PCB's with carbon ink or with peelable solder masks
- Epoxy or photimageable solder masks

The main use of the IC's are for optimum performance under extreme temperatures.
Application : weapons control panel on indigenous fighter jets.

Technologies Developed and/or Acquired
NEW-TEK implements Q.C. testing throughout the manufacturing process. All testing jigs & software are produced by the in-house engineering department.

Quality Certification
Type of Certification : ISO 9002
Date                             : January 1994
Issuing authority       : SGS

Product/brand/logo Licensing
Type of Licensing:  Technology know-how
Licensor                 :  SEIKOX ELECTRONICS LTD - Indonesia
Date                        :  June,1999
Details of license  :  Produce and incorporated patented range of SEIKOX components in PCB's manufactured
                                    and sold to assemblers of plasma display units.   
    

FACTORY FACILITIES & MANUFACTURING CAPABILITIES
Factories, Size & Locations
Factory 1
------------
Type of building :  2-storey industrial
Building size        :  25,000 sq. meters
Land size              :  80,000 sq meters
Location               :  Semi-industrial suburb of Hsinchu.

Factory 2
-------------
Type of building :  Single storey semi-residential building
Building size        :  8,000 sq meters.
Land Size              :  Incorporated in the estim. land size above.
Location               :  Same location as above.
   

INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Argentina
Exporting to Asia
Exporting to Australia
Exporting to Europe
Exporting to USA
Importing from Asia
Importing from Europe
Importing from Germany
Importing from USA

INTERNATIONAL TRADE ACTIVITY DESCRIPTION
Export Markets
90% of the annual turnover is attributed to export to the following countries/region:
Country           % of Exports
-----------        ------------------
U.S.A.                    60
Hong Kong           20
Europe                   15
Australia                 5

Overseas Customers
- COUNTRY ASIA PACIFIC LTD (Hong Kong)                                           
- COMPLEX COMPUTERS CORP (USA)                                
- MEGENE (Germany)    
 

The data contained in this informative report is interely fictional,and given purely by way of example. The information typologies  supplied in the Business Information on Foreign Companies can vary, both depending on the regulations in force in the country of origin of the company under investigation and on the local service provider.