台南企業股份有限公司 - tai-nan.com ·...

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股票代號:1473 證期局指定之資訊申報網站 網址:http://newmops.tse.com.tw 公司揭露年報相關資料之網址: http:// www.tai-nan.com 台南企業股份有限公司 TAINAN ENTERPRISES CO.,LTD. 九十八年度年報 2009 Annual Report 刊印日:中華民國九十九年五月十一日

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  • 1473

    :http://newmops.tse.com.tw

    :

    http:// www.tai-nan.com

    TAINAN ENTERPRISES CO.,LTD.

    2009 Annual Report

    :

  • The name, title, telephone number, and e-mail address of the spokesman or acting spokesman

    NameMike WuNicole Hsu

    TitleAssistant Finance Vice President

    Financial Specialist

    (02)2391-6421

    :127

    (02)2391-6421

    :227

    Tel(02)2391-6421 EXT:127

    (02)2391-6421 EXT:227

    [email protected] [email protected]@tai-nan.com

    [email protected]

    The address and telephone number of the company's headquarters, branch offices, and factories

    320

    (06)230-7911

    HeadquaterNo.320 Sec.3,Chung-San Rd., Kuei

    Jen Hsiang Tainan Hsien,Taiwan R.O.C.

    Tel(06)230-7911

    15 1 15F

    (02)2391-6421

    Taipei Sales Office15F, No.15-1,Sec.1,

    Han-Chou South Rd.,Taipei Taiwan, R.O.C.

    Tel(02)2391-6421

    320

    (06)230-7911

    Tainan FactoryNo.320 Sec.3,Chung-San Rd.,

    Kuei Jen Hsiang Tainan Hsien,Taiwan R.O.C.

    Tel(06)230-7911

    The name, address, e-mail address, and telephone number of the agency handling shares transfer

    CompanyYuanta Securities

    210 B1 AddressB1F., No.210, Sec. 3, Chengde Rd.,

    Datong District, Taipei City 103, Taiwan (R.O.C.)

    http://www.yuanta.com.tw Web sitehttp://www.yuanta.com.tw

    (02)2586-5859 Tel(02)2586-5859

    The name of the certified public accountant who duly audited the annual financial report for the most recent fiscal year, and the name, address and telephone number of said person's accounting firm

    AuditorsJames Liu / Phoebe Lin

    CompanyPricewaterhouseCoopers Taiwan

    395 12 Address12F., No.395, Sec. 1, Linsen Rd.,

    East Dist., Tainan City 701, Taiwan (R.O.C.)

    (06)234-3111 Tel(06)234-3111

    http://www.pwc.com/tw Website:http://www.pwc.com/tw

    The name of any exchanges where the company's securities are traded offshore, and the method by which to access information on said offshore securities

    None

    The address of the company's website http://www.tai-nan.com http://www.tai-nan.com

    mailto:[email protected]://www.masterlink.com.tw/http://www.masterlink.com.tw/http://www.pwc.com/twhttp://www.pwc.com/twhttp://www.tai-nan.com/
  • ................................................................. 1~2

    ..................................................................... 3~5

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    .......... 8~18

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    ............................................................. 27~31

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    ............................................................... 31~35

    ......................................................... 34~41

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    ....................................... 42~44

    ..................................................... 44~48

    .......................................... 49

    .......................................................... 50

    ............................ 50

    .......... 50

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    .................................................................. 51

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    . 51~54

    .................................................................. 54

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    ....................................................... 54~56

    .......................... 56

    ................ 56

    ...................................................... 56

    ............................................ 56

  • - 1 -

    2008

    2009

    2009 62.8 96.54%

    2008 11.17% Tony Wear Emely

    91.7 2008 1.52% 1.89

    2010 4.39%

    2009

    2010

    2008 TONY UOMO2009

    U BY UNGARO 2010

    EMELY EMELY SWEETIE 2010

    2009

    Jiarjia Et vous

    ONE-STOP

    SHOPPING2010

  • - 2 -

    e ERP

    2010

  • - 3 -

    (Company Profile) () 50 8 26 1.Founded DateAug. 26 1961 () 2. Companys Chronicle

    508

    Aug. 1961

    Tainan Enterprises Co., Ltd. was founded by Mr. Kun-Mao Yang with initial investment capital of three million TWD

    51 1962 Established Taipei Office

    733 Mar. 1984 Increased the capital to fifty million TWD

    777 Jul. 1988 Increased the capital to sixty-one million three hundred and fifty thousand TWD

    777 Jul. 1988

    Mr. Ching-Hon Yang (Tony Yang) was elected to be the chairman of Tainan Enterprises Co., Ltd.

    779

    ()

    Sep. 1988 Pingtung plant and Neypu plant were combined to form Pingtung Plant

    789 Sep. 1989 Increased the capital to one hundred and twenty million TWD

    803

    Mar. 1991 China-Yixing Yifeng Garments Co., Ltd. started production

    8110 Oct . 1992 Increased the capital to one hundred and ninety-five million TWD

    828 Aug. 1993 Amount of investment capital increased in PT Tainan Enterprises Co., Ltd. (Indonesia)

    8211 TONY EAR

    Nov. 1993 Established "Tony Wear" and started to sell in China

    837

    Jul. 1994 China-Yixing Gaoqing Garments Co., Ltd. was inaugurated

    855

    May. 1996 PT Tainan Enterprises Co., Ltd. (factory 2) started production

    857 Jul. 1996 Be Publicly Issued Company

    857

    Jul. 1996

    Increased the investment capital in B.V.I. Tainan Enterprises Co., Ltd.

    867 Jul. 1997 Increased the capital to two hundred and ninety five million TWD

    875 May. 1998 Increased the capital to three hundred eighty-three million six hundred thousand TWD

    878

    Aug. 1998 Tai Yang Enterprises Co., Ltd. (Cambodia) started production

    884 Apr. 1999 Started listed on "Over the counter" (O.T.C.) 889 Sep. 1999 Increased the capital to six

  • - 4 -

    hundred seventy-five million four hundred thousand TWD

    8810

    Oct. 1999 Tai Yang Enterprises Co., Ltd. (Factory 2) started production

    893

    Mar. 2000 Tainan Enterprises Co., Ltd. (El Salvador) started production

    893 ()

    Mar. 2000 Tainan Enterprises (USA) Co., was established

    899

    Sep. 2000

    Increased the capital to nine hundred forty-eight million three hundred sixty-two thousand TWD

    899 Sep. 2000 Officially listed on the Taiwan Stock Exchange

    906 Jun. 2001

    Increased the capital to one billion one hundred sixty million nine hundred and two thousand TWD

    916

    Jun. 2002

    Increased the capital to one billion two hundred twenty-three million nine hundred forty-eight thousand TWD

    92 3 JIARJIA Mar. 2003 Acquired a local brand-Jiarjia

    92 4 Apr. 2003 Combined kao Ching Factory with Ping Tung Factory

    92 7

    Jul. 2003

    Increased the Capital to one billion two hundred twenty-eight million nine hundred forty-eight thousand TWD

    93 1 Jan. 2004 Tainan Enterprises Co., Ltd. (El Salvador) finished dissolution

    93 3 Mar. 2004 Issued European Convertible Bonds Twenty Millions USD

    93 4

    Emely Apr. 2004

    Guanjia (Shanghai) Fashion Co.,Ltd BrandEmelyto sell in china

    93 7

    Jul. 2004

    Increased the Capital to one billion two hundred thirty-three million nine hundred forty-eight thousand TWD

    93 8 Camwell Mfg Co.,

    Ltd Aug. 2004 Camwell Mfg Co., Ltd. (Cambodia) started production

    93 10

    Oct. 2004

    Indirectly Invested in Jordan Dragon Garment Industry Co.,Ltd

    94 7

    Jul. 2005

    Increased the Capital to one billion two hundred fifty-two million eight hundred thirty-nine thousand TWD

    94 8 Aug. 2005 Invested in Tai Mao Fong Co.,Ltd

    94 9 Sep. 2005 Combined Ping Tung Factory with Tainan Factory

  • - 5 -

    94 12 Dec. 2005 Invested in Global Link Co.,Ltd

    95 7

    Jul. 2006

    Increased the Capital to one billion two hundred eighty-seven million seven hundred seventy-five thousand TWD

    95 12

    Dec. 2006 Indirectly Invested in Gingdao Tide Garment Co.,Ltd

    96 7

    Jul. 2007

    Increased the Capital to one billion three hundred eighty-nine million one hundred ninety thousand TWD

    96 12 ()

    Dec. 2007 Indirectly Invested in Mao feng (Shanghai) Fashion Co.,Ltd

    97 11

    Nov. 2008 Global Link Co.,Ltd finished dissolution

    98 01

    Jan. 2009 Tai Mao Fong Co.,Ltd discontinued

    98 12 ()

    Dec. 2009 Tainan Enterprises (USA) Co., finished dissolution

    98 12

    Dec. 2009 Jordan Dragon Garment Industry Co., Ltd. has sold

    99 01

    Jan. 2010 Gingdao Tide Garment Co.,Ltd finished dissolution

  • - 6 -

    .(Corporate Govermance) .(Companys Organization Chart) ()

    Supervisor

    Human Resources

    Board Meeting

    Chairman

    General Manager

    General Manager Office

    Internal Audit

    Corporate Social Responsibility

    Executive Secretary

    Operational Consultancy

    Human

    Resources

    Finance

    Logistics

    Management Quality

    Assurance

    Sales

    Technical Research &Dev.

    Tainan Factory

    China Factory-GQ

    Indonesia

    Cambodia

    - Sales 1-6

    Purchasing

    Materials Research Analysis

    R&D

    Distribution

    Management

    Operation Analysis

    Administration

    Application

    System

    IT

    OP&OA

    Information

    System

    Shareholder Meeting

    TP Finance

    TN Finance

    Accounting

    Stock Affairs

    Shipping

    Intellectual Property

    Investment

  • 7

    ()

    1.

    2.

    3.

    4.

    5.

    5.1

    5.2 IT

    6.

    6.1

    6.2

    7.

    7.1

    7.2

    7.3

    7.4

    7.5

    7.6

    7.7

    8.

    8.1 ,

    8.2

    9.

    , ,

    10.

    10.1

    10.2

    10.3

    10.4

    I.E.

    11.1

    11.2

  • 8

    1. 98 12 31

    :%

    ()

    ()

    ()

    ()

    ()

    97.06.13 94.05.20 206,918 0.15 217,263 0.15 -- --

    ()

    ()

    :

    97.06.13 86.02.28 -- --

    :

    97.06.13 86.02.28

    5,866,497

    4.20 6,159,821 4.20

    -- --

    GARY M.LAWRENCE

    (1)

    97.06.13 93.05.21 -- -- -- -- -- -- L..L.B.from the McGill University Faculty of Law The Managing Partner and Found of Excelsior Capital Asia

    ()

    :

    97.06.13 88.05.28 -- --

    :

    (2)

    97.06.13 88.05.28

    5,957,286 4.26 5,502,200 3.75

    -- --

    97.06.13 97.06.13 34,588 0.02 196,317 0.13 -- --

    ()

    ()

    97.06.13

    97.06.13

    -- --

    (3)

    97.06.13

    3

    97.06.13

    6,191,744 4.43

    6,501,331

    4.43

    -- --

    ( 1): 98 04 28

    ( 2): 98 07 01

    ( 3): 98 05 01

  • 9

    () Camwell ()()()()

    ()()

    ()

    98 02 27

    98 02 27

    ()()()()

    98 02 27

    (1) 98 12 31

    ()(99.99%)(0.005%)(0.005%)

    (67.48%)(32.52%)

    (96.20%)(3.80%)

    ()(52.20%)(18.98%)(10.53%)

    (10.53%)(3.89%)(3.87%)

    () (44.33%)(20.10%)(20.10%)(15.47%)

    (2) 98 12 31

    () (99.92%)(0.04%)(0.04%)

    (3) 98 12 31

    1 2 3 4 5 6 7 8 9 10

    -

    - - - - -

    -

    0

    -

    - - -

    -

    0

    -

    - -

    0

    -

    - - - - - - 0

  • 10

    1 2 3 4 5 6 7 8 9 10

    ( 1)

    -

    - - -

    0

    - - - - 0 GARY

    M.LAWRENCE

    ( 2)

    -

    -

    0

    -

    - - - - -

    0

    ( 3)

    -

    - - - -

    0

    ( 1): 98 07 01

    ( 2): 98 04 28

    ( 3): 98 05 01

    (1) (2)(

    ) (3)

    (4) (5)

    (6)

    (7)

    (8) (9) 30 (10) 27

  • 11

    2. 98 12 31

    :%

    ()

    (1)

    89.09.20 54,089 0.04

    (1)

    (1)

    98.02.27 428,982 0.29

    (1)

    95.12.01 243,405 0.17

    (2)

    98.02.27 196,317 0.13

    97.01.02 13,385 0.01 557

    (3)

    95.05.02

    95.12.01 Parsons fashion Design

    97.06.13

    96.07.01 1,050

    97.09.11

    97.05.12 1,050

    (4)

    93.02.01 18,900 0.01

    98.06.08 9,480 0.01

    1. 98 02 27

    2. 98 02 27

    3. 98 01 02

    4. 98 6

  • 12

    3.

    (1)() 98 12 31

    ::

    (A)

    ( 2) (B)

    (C)( 3)

    (D)( 4)

    AB C

    ( 11)

    (E)

    ( 5)

    (F)

    (G) ( 6)

    (H)( 7)

    ABCDE

    F G

    (

    11)

    ( 8)

    ( 8)

    ( 8)

    ( 8)

    ( 8)

    ( 8)

    ( 8)

    ( 8)

    ( 8)

    ( 8)

    ( 12)

    GARY M. LAWRENCE ( )

    ( )

    3,130 3,130 1.13 1.13 8,007 8,706 10,159 10,159 550 550 7.86 8.11 120

    98 NT$277,825

    98 NT$9,450 ;98 NT$709

    98 04 28

    98 07 01

  • ~13~

    (A+B+C+D) (A+B+C+D+E+F+G) 9 ( 10) 9

    ( 10)

    2,000,000

    GARY M. LAWRENCE

    GARY M. LAWRENCE

    GARY M. LAWRENCE

    GARY M. LAWRENCE

    2,000,000 5,000,000 - -

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

    10,000,000 15,000,000 - -

    15,000,000 30,000,000 - - - -

    30,000,000 50,000,000 - - - -

    50,000,000 100,000,000 - - - -

    100,000,000 - - - -

    6 6 10 10

    1() (3-1)(3-2)

    2() 3 4()

    5

    6

    7()

    8() 9 10() 11 12a.

    b. I J

    c.

  • ~14~

    (2) 98 12 31

    :

    (A) ( 2)

    (B) ( 3)

    (C) ( 4)

    AB C

    ( 8)

    ( 1)

    ( 5)

    ( 5)

    ( 5)

    ( 5)

    ( 9)

    ( )

    ( )

    900 900 0.32 0.32

    :98 NT$277,825

    : 98 05 01

    (A+B+C)

    ( 6) (7)

    D

    2,000,000

    2,000,000 5,000,000

    5,000,000 10,000,000

    10,000,000 15,000,000

    15,000,000 30,000,000

    30,000,000 50,000,000

    50,000,000 100,000,000

    100,000,000

    3 3

    1()

    2()

    3

    4(

    )

    5()

    6

    7()

    8

    9a.

    b.

    D

    c.

  • ~15~

    (3) 98 12 31

    ::

    (A)

    2

    (B)

    (C)

    3

    (D)

    4

    AB C D

    9

    5

    5

    1

    ( 6

    6

    ( 6

    ( 6

    6

    ( 10)

    ( )

    ( )

    ( )

    8,801

    8,801

    10,282

    10,282

    3,997

    3,997

    1,400

    -

    1,400

    - 8.81 8.81

    :98 NT$277,825

    : 98 02 27

    : 98 01 02

    :98 NT$9,450 ; 98 NT$832

    ( 7) ( 8)E

    2,000,000

    2,000,000 5,000,000

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

    10,000,000 50,000,000

    50,000,000 - -

    7 7

    1 (1-1)(1-2)

    2

    3

  • ~16~

    4

    5()

    6()

    7

    8()

    9

    10a.

    b. E

    c.

    (4) 98 12 31

    :

    1

    1

    ( )

    ( )

    ( )

    1,925

    1,925

    0.69%

    :98 NT$277,825

    : 98 02 27

    : 98 01 02

    1 2

    3 92 3 27 0920001301

    (1)

    (2)

    (3)

    (4)

    (5)

    (6)

    4

    4.

    98 97

    7.86 8.11 10.66 10.66

    0.32 0.32 0.27 0.27

    8.81 8.81 13.66 13.66

  • ~17~

    (1)

    (2)

    ()

    9 A

    98 12 31

    ()

    ()(%)

    /

    8 - 89%

    :

    9 - 100%

    :

    - - -

    GARY M. LAWRENCE

    1 - 25%

    :

    98/1/1-4/27

    ( 1.3)

    :

    9 - 100%

    :

    1 - 25%

    :

    98/1/1-6/30

    ( 2.3)

    9 - 100%

    9 - 100%

    :

    - - -

    :

    98/1/1-4/30

    ( 4)

    :

    - - -

    :

    98/5/1-98/12/31( 4)

    1: 98 04 28 2: 98 07 01 3: 98 1 1 6 30 4 4: 98 05 01

    14 3

    :

    :

    :

  • ~18~

    (.)

    (.)

    9 A

    (%)/()

    9 100%

    :

    - -

    :

    98/1/1-4/29

    ( 1)

    :

    - -

    :

    98/5/1-98/12/31( 1)

    1: 98 05 01

    (1)

    (2)

    (3)

    (4)

    :

    ()

    1330

    19

    14

    29

  • ~19~

    E-MAIL

    52-53

    58

    56

    ()

    () :

    () (

    )

    () :

    :

    1.

  • ~20~

    2.

    3.

    4.

    5.

    ()

    ()

  • ~21~

    () 1.

    99 4 16

    98

    (

    1.2.

    3. 4.5.

    981231

    9941640

    2.

    ()

    () 30 57

    66

  • ~22~

    ()

    ()()

    98 04 30

    89.09.20 98.02.27

    98.01.01-98.09.30

    98.10.01-98.12.31

    98

    1 2,000 2 2,000 4,000 3 4,000 6,000 4 6,000 8,000 5 8,000 10,000 6 10,000

    2

    98.01.01-12.31 98.01.01-09.30

    3,500 35 40 3,575

    98.10.01-12.31

    ()

    ()

    ()

    ()

    98 3 31

    ()

    ()

    ()

    ()

    10 - - -

    294 - - -

  • ~23~

    98 3 31

    ()

    ()

    ()

    ()

    (455) - (183) -

    ( 1)

    161 - - -

    GARY M.LAWRENCE - - - -

    309 (500) - 800

    ( 2) 2 - - -

    ( 2) 20 - - -

    11 - - -

    - - - -

    - - - -

    ( 3) - - - -

    - - - -

    - - - -

    - - - -

    1. 98 02 27

    2. 98 02 27

    3. 98 01 02

    1 99 3 31

    ()

    () 98.12.16 60

    2 99 3 31

    1

    2

    ()

    ()

    98.09.03

    1,500 17,000

    99.02.25

    8004.43% 35%

    -

    1

    2

  • ~24~

    98 12 31

    ()

    ()

    ()

    ()

    14,572 9.93 - - - - - - -

    6,501 4.43 - - - - - -

    -

    : : :

    -

    :

    -

    :

    -

    :

    -

    : - - - - - -

    :

    -

    6,454 4.40 - - - - - - -

    6,364 4.33 - - - - - - -

    :: :

    -

    : :

    -

    :

    -

    : 429 0.29 - - - -

    :

    6,160 4.20 - - - - -

  • ~25~

    ()

    ()

    ()

    ()

    : : : : : :

    - : 63 0.04 354 0.24 - -

    :

    -

    5,502 3.75 - - - - - - -

    :: :

    -

    : :

    -

    :

    -

    :

    54

    0.04

    -

    -

    -

    -

    :

    -

    4,836 3.29 - - - - - - -

    :

    - - - - - -

    : : : :

    -

  • ~26~

    ()

    ()

    ()

    ()

    : : :

    4,305 2.93 - - - - - - -

    :: :

    -

    :

    -

    :

    -

    :

    -

    :

    354 0.24 63 0.04 - -

    :

    -

    3,946 2.69 - - - - - - -

    :

    -

    : : :

    : :

    : - - - - - -

    :

    -

    3,612 2.46 - - - - - - -

  • ~27~

    ()

    ()

    ()

    ()

    : : : :

    :

    : - - - - - -

    : :

    -

    98 12 31

    ()

    ()

    () 120 100.00% - - 120 100.00%

    2,400 100.00% - - 2,400 100.00%

    ( 1) 2,800 100.00% - - 2,800 100.00% 4,700 27.24% - - 4,700 27.24%

    10 17.86% - - 10 17.86%

    3,314 13.26% - - 3,314 13.26%

    :>10%

    1: 98 01 05

    () 99 4 30

    /

    ()

    81/10 10 19,500,000 195,000 19,500,000 195,000 75,000 1

    85/08 10 30,000,000 300,000 24,589,800 245,898 29,250

    21,648

    2

    86/07 10 30,000,000 300,000 29,507,760 295,078 24,590

    24,590

    3

  • ~28~

    /

    ()

    87/05 10 60,000,000 600,000 38,360,088 383,601 29,508

    59,015

    4

    88/08 10 90,000,000 900,000 67,540,132 675,401 100,000

    191,800

    5

    89/08 10 94,836,200 948,362 94,836,200 948,362 270,161

    2,800

    6

    90/07 10 142,800,000 1,428,000 116,090,200 1,160,902 212,540 7

    91/07 10 142,800,000 1,428,000 122,394,800 1,223,948 5,001

    58,045

    8

    92/07 10 142,800,000 1,428,000 122,894,800 1,228,948 5,000 9

    93/08 10 142,800,000 1,428,000 123,394,800 1,233,948 5,000 10

    94/03 10 142,800,000 1,428,000 123,548,370 1,235,484

    1,536

    11

    94/07 10 142,800,000 1,428,000 125,283,854 1,252,839 12,355

    5,000

    12

    95/08

    10 200,000,000 2,000,000 127,037,000 1,270,370 12,528

    5,003

    13

    95/12 10 200,000,000 2,000,000 128,777,453 1,287,775

    17,405

    14

    96/04 10 200,000,000 2,000,000 133,743,264 1,337,433

    49,658

    15

    96/07 10 200,000,000 2,000,000 136,460,069 1,364,601

    27,168

    16

    96/08 10 200,000,000 2,000,000 138,324,700 1,383,247 13,646

    5,000

    17

    96/10 10 200,000,000 2,000,000 138,919,001 1,389,190

    5,943

    18

    97/04 10 200,000,000 2,000,000 139,830,508 1,398,305

    9,115

    19

    98/06 10 200,000,000 2,000,000 146,822,034 1,468,220 69,915

    20

    1811020(81)121461

    285717(85)()42402

    386717(86)()53780

    48755(87)()37631

    588519(88)()45024

    689614(89)()50825

    790514(90)()128957

    891516(91)()126689

    992610(92)()0920125206

    109377()0930129967

    11946300940017355

    1294660940122557

    1395740950128126

    149612909600026591

    159652809600129051

    16968709600225541

    17966270960032312

    1896112009600343061

    199752609700133851

    2098760980033347

  • ~29~

    99 04 30

    146,822,034 53,177,966 200,000,000

    () 98 12 31

    - 2 62 11,262 36 11,362

    - 217,350 56,981,590 65,545,609 24,077,485 146,822,034

    - 0.15 38.81 44.63 16.41 100.00

    ()

    1. 98 12 31

    %

    1 999 3,891 433,468 0.30

    1000 5,000 4,732 9,430,767 6.42

    5001 10,000 1,181 7,529,223 5.13

    10001 15,000 681 7,631,325 5.20

    15001 20,000 166 2,771,280 1.89

    20001 30,000 293 6,634,821 4.52

    30001 40,000 124 4,127,106 2.81

    40001 50,000 58 2,493,459 1.70

    50001 100,000 118 7,731,883 5.27

    100001 200,000 68 9,075,328 6.18

    200001 400,000 23 6,140,427 4.18

    400001 600,000 5 2,254,018 1.54

    600001 800,000 5 3,347,448 2.28

    800001 1,000,000

    1,000,001 17 77,221,481 52.58

    11,362 146,822,034 100.00

    2.

    () 98 12 31

    () %

    14,571,581 9.92

    6,501,331 4.43

    6,454,428 4.40

    6,364,401 4.33

    6,159,821 4.20

    5,502,200 3.75

    4,835,808 3.29

    4,304,947 2.93

    3,945,685 2.69

    3,611,862 2.46

    :

  • ~30~

    ()

    /Year

    /Item 97 98

    99 3 31

    8

    (Highest market price) $ 44.00 $ 38.90 $ 36.10

    (Lowest market price) 15.90 16.80 30.401 (Market price per share)

    (Average market price) 30.17 22.76 33.23

    (Before distribution) 28.08 26.99 27.852 (Net worth per share) (After distribution)

    27.08

    (Before retroactive adjustment) 139,527 146,822 146,822

    () (Weighted average

    share)

    (After retroactive adjustment) 139,527 146,822 146,822

    (Before retroactive adjustment) 1.27 1.89 0.95

    (Earnings per share)

    3 (Earnings per

    share) (After retroactive adjustment) 1.23 1.89 0.95

    (Cash dividends) 1.00

    (Dividends from retained earnings)

    0.50

    (Stock dividends) (Dividends from capital surplus)

    (Dividends per share)

    4(Unpaid-for Dividends)

    5(Prince/Earning ratio) 23.76 12.04 35.41

    6(Prince/Dividend ratio) 30.17

    (Return on investment) 7(Cash dividend yield rate) 3.31

    1

    2

    3

    4

    5

    6

    7

    8

    () 1.

    10%

    :

    A.

    B.

    C.

    2.

    220,233,051 1.5

    1.5

  • ~31~

    ()

    () 1.:

    2.

    :

    (1)

    (2): 98

    (3)

    3.

    (1) 10,000,000 4,030,000

    98 5,000,000

    2,800,000 6,230,000

    99

    (2):

    (3):

    4.

    97 97

    5,000,000 3,600,000 300,000

    98

    ()

    ():

    ():

    ():

    1:

    (1) (2) (3) (4) (5) (6) (7) (8) (9)

  • ~32~

    2

    2009

    /ITEM /TOTAL SALES

    /GARMENT 99.71%

    /RAW MATERIAL 0.29%

    /TOTAL 100.00%

    3

    (

    1.

    2009

    93.45200814%21.90

    200819%71.552008

    12.2%200911671.55

    200882.0212.2% 2009

    2037 -20.3% 1714 -27.4% 290 95.5%

    94 -14% 22 -19% 72 -12.2%

    4.6% - 1.3% - 25%

    :IT IS

    16% 2%9%25% 8%

    14%

    22%30%23% 10%

    6

    7

  • ~33~

    2004 ~2009 :

    2004 30.0224%

    18.0414%

    17.0114%

    8.637%

    4.954%

    46.7337%

    2005 27.2923%

    15.4613%

    18.7216%

    9.168%

    6.496%

    40.9934%

    2006 22.1421%

    19.6318%

    12.9912%

    9.419%

    5.375%

    37.4435%

    2007 22.4219%

    20.5818%

    12.9711%

    12.1110%

    5.465%

    42.4237%

    2008 21.1219%

    17.5016%

    12.6112%

    11.4611%

    5.925%

    41.1337%

    2009 20.6322%

    12.7014%

    11.7513%

    8.479%

    5.276%

    41.1336%

    : IT IS

    2004 ~2009 :

    2004 72.0457% 13.0210% 22.2918%12.1610% 5.895% 125.39(100%

    2005 68.8958% 9.448% 22.6519%11.4210% 5.715% 118.84(100%

    2006 62.3958% 8.558% 20.8019%10.9610% 5.275% 107.97(100%

    2007 67.5758% 6.976% 22.6120%11.8110% 7.006% 115.96(100%)

    2008 66.2561% 9.719% 19.7018% 9.689% 3.693% 109.03(100%)

    2009 55.3659% 7.248% 17.9319% 9.5210% 3.404% 93.45(100%)

    2. (1)

    2009

    2009 7.47% (2)

    2009 1 1 2009

    ()

    36%

    6%

    9%

    13%

    14%

    22%

  • ~34~

    3. 2009 7.47%

    0.52% 3.63% 8.34% 28% 2008

    2008

    % % % %

    46,598 100 -7.47 21,317 100 -6.07

    20,720 44.46 0.52 7,789 40.45 10.71

    2,735 5.87 -3.63 907 4.26 2.79

    2,684 5.76 -8.34 693 2.99 -7.91

    2,640 4.79 -15.31 883 4.14 -14.71

    2,194 4.71 20.76 1,612 7.56 5.53

    1,616 3.47 -2.94 1,436 6.49 -3.67

    1,494 3.21 -7.44 1,099 5.02 -2.69

    1,451 3.11 -13.42 - - -

    1,190 2.55 -12.20 - - -

    1,030 2.21 -23.76 1,006 4.72 -24.44

    793 1.70 -12.95 750 3.52 -15.50

    770 1.65 -18.46 404 1.90 -17.49

    736 1.58 -28.00 166 0.78 -31.97

    678 1.45 -22.27 647 3.03 -22.613.21

    497 1.07 -5.53 - - -

    ()

    1

    98 99 3 31

    59,512 14,329

  • ~35~

    2

    98.12 95 13596 12897

    105%98 87%

    98.12 95 1.896 1.3%:97 0.7%98 1.3%

    :95 2.096 1.2%:97 2.1%98 2.1%

    3

    (1) (2) (3) (4) (5) (6)

    ()

    1

    2 OEM ODM

    3

    4

    ()

    1

    /IN THOUSAND TWD

    /EXPORT

    /YEAR /DOMESTIC

    SALES /U.S.A /OTHER

    COUNTRIES

    /TOTAL

    2007 62,321 7,166,964 582,735 7,812,020

    2008 89,958 6,241,859 739,078 7,070,895

    2009 63,866 5,842,018 374,962 6,280,846

    2

    2009

    3

    (1)

    1980

  • ~36~

    2007 153,485 307,554 37,223 498,262 30.80% 61.73% 7.47% 100.00%2008 121,592 280,251 31,927 433,770 28.03% 64.61% 7.36% 100.00%2009 () 115000 255000 30000 400000 28.75% 63.75% 7.50% 100.00%

    : IT IS

    (2)

    (IMF)2010

    2.2%IMF 2.1% 5.4% 3.9%2.5% 8.7% 5.6%(20102011 ) 1% 2% 2.5% 2.7% 10% 9.7%

    (3)

    ITIS 2010

  • ~37~

    2010

    A)

    B) C)

    D)

    2010

    ERP

    4

    (1)

    (2)

    A./

    B.

    /ITEM /QTY

    /Garment Production 18,150

    /Already-made Sales 11,460

  • ~38~

    5

    (1)

    (2)

    1989

    (3)

    (4)

    6

    (1) A.

    B.

    C. D. IE

    E.

    F.

    G.

  • ~39~

    (2)

    A.

    B.

    (A)

    (B)

    ()

    1

    2

    ()

    ()()

  • ~40~

    HOPEWELL PERFECTABONDEX INTERNATIOAL(H.K.)

    ()

    1 :%

    97 98 99

    %

    %

    %

    1 PT Tainan $2,280,450 51.42

    PT Tainan $2,247,507 55.00

    PT Tainan $ 778,725 62.93

    $2,154,460 48.58 $1,864,180 45.00 $ 458,556 37.06

    $4,434,910 100.00 $4,111,687 100.00 $1,237,281 100.00

    1

    2

    :%

    97 98 99

    %

    %

    %

    1 A $ 2,309,759 33 A $ 2,182,542 35 A $ 712,940 36 2 B 1,014,941 14 B 1,210,443 19 B 375,831 19 3 C 541,380 8 C 664,266 11 C 265,447 13

    3,204,815 45 2,223,595 35 625,129 32

    $ 7,070,895 100 $ 6,280,846 100 $ 1,979,347 100

    1

  • ~41~

    /Production

    /Net Sales

    () :

    97/YEAR2008 98/YEAR2009 year

    ()/Item

    /Capacity

    /Quantity

    /Amount

    /Capacity

    /Quantity

    /Amount

    /Garment 22,000 30,317 6,508,699 22,000 23,002 5,898,362

    /Total 22,000 30,317 6,508,699 22,000 23,002 5,898,362

    ()

    () :

    97/YEAR2008 98/YEAR2009 /

    Domestic Sales

    /EXPORT /

    Domestic Sales

    /EXPORT

    /year

    ()/Item /Qty

    /Amount /Qty

    /Amount /Qty

    /Amount /Qty

    /Amount

    ()/Garment Production 170 29,821 19,274 4,526,163 30 17,233 14,173 3,694,990

    ()/Already-made Sales 63 60,137 9,007 2,454,636 260 46,632 8,269 2,464,426

    /Raw Material - - - 138 - - - 57,565

    /Total 233 89,958 28,281 6,980,937 590 63,865 22,442 6,216,981

    9 7 9 8

    9 9 3 3 1

    108 105 110

    158 120 122

    99 102 98

    185 153 153

    550 480 483

    37.18 38.24 38.24

    6.51 8.33 8.33

    - - -

    6.73% 6.28% 6.28%

    40.00% 48.12% 48.12%

    23.45% 24.05% 24.05%

    29.82% 21.55% 21.55%

    () ()()

    1997

    ()

  • ~42~

    ()

    ()

    990331

    ERP

    98/1/1~98/12/31 ERP(SAP R/3)

    () 97/3/28~100/3/28

    () (Brief Balance Sheets) :

    /Year

    /Item 94 95 96 97 98

    99331

    (Current Assets) 1,580,237 2,080,124 2,175,275 2,229,808 2,494,969 2,619,233

    (Fund & investments) 2,918,463 2,829,013 2,441,121 2,326,037 2,342,361 2,341,671

    (Fixed Assets) 521,068 546,387 629,745 625,397 572,693 569,310

    (Intangible Assets) 14,002 11,415 11,941 8,328 4,003 5,729

    (Other Assets) 93,452 87,867 85,846 84,126 80,078 79,564

    (Total Assets) 5,127,222 5,554,806 5,343,928 5,273,696 5,494,104 5,615,507

    (Before distribution)

    623,572 1,065,885 955,483 929,809 1,216,816 1,411,455 (Current Liabilities) (After

    distribution) 1,006,924 1,578,287 598,407 789,978 1,216,816 1,411,455

    (Long-term Liabilities) 1,149,440 777,674 259,072 295,000 200,000 -

    (Other Liabilities) 168,547 183,862 147,106 122,534 115,168 115,168

    (Before distribution)

    1,941,559 2,027,421 1,361,661 1,347,343 1,531,984 1,526,623 (Total Liabilities) (After

    distribution) 2,324,911 2,539,823 1,718,737 1,487,174 1,531,984 1,526,623

    (Capital stock) 1,252,839 1,287,775 1,389,190 1,398,305 1,468,220 1,468,220

  • ~43~

    /Year

    /Item 94 95 96 97 98

    99331

    (Additional Capital Surplus)

    532,701 523,970 800,187 830,586 831,507 831,507

    (Before distribution)

    1,395,849 1,661,857 1,712,390 1,541,107 1,609,186 1,748,279 (Retained earnings) (After

    distribution) 1,012,497 1,149,455 1,355,314 1,401,276 1,609,186 1,748,279

    (Unrealized Valuation Loss or

    Gain on Derivatives)

    (1,371) (1,371) (2,371) (2,073) (1,692) (955)

    (Unrealized Reserve Increment) 50,585 50,585 50,585 55,510 16,863 16,863

    (Cumulative Translation

    Adjustment)

    52,419 47,102 74,882 132,515 73,674 60,608

    (Net loss not recognized as

    pension costs)

    (46,774) (42,533) (42,596) (29,597) (35,638) (35,638)

    (Before distribution)

    3,185,663 3,527,385 3,982,267 3,926,353 3,962,120 4,088,884(Total Equity) (After

    distribution) 2,802,311 3,014,983 3,625,191 3,786,522 3,962,120 4,088,884

    () (Brief Statements of Income) :

    94 95 96 97 98

    99331

    (Net sales) 4,330,541 7,524,564 7,812,020 7,070,895 6,280,846 1,979,347

    (Gross profit) 620,791 883,333 642,574 502,639 372,229 199,891

    () (Income from operations)

    172,875 362,144 171,921 ( 29,547) 6,802 68,972

    (other

    revenue) 466,685 507,297 458,620 337,269 345,136 113,176

    (other expense)

    12,912 47,821 11,601 40,892 49,588 13,028

    (Income From Continuing) 626,648 821,620 618,940 266,830 302,350 169,120

    (Income

    From Continuing) 560,009 699,087 569,300 185,793 277,825 139,093

    (Discontinue

    Segment Net Profit) - - - - - -

    (Extraording

    gains and loss) - - - - - -

    (Cumulative Effect Of

    Accounting Principle

    Change)

    - - - - - -

    (Net profit) 560,009 699,087 569,300 185,793 277,825 139,093

  • ~44~

    94 95 96 97 98

    99331

    (Before retroactive

    adjustment) 4.47 5.50 4.21 1.27 1.89 0.95

    ()

    (Earnings

    per share) (After retroactive

    adjustment) 4.35 5.43 3.89 1.23 1.89 0.95

    ()

    94 (1)

    95 (2)

    96 (3)

    97 (4)

    98 (5)

    1

    2

    3

    4

    5

    ()(Financial Analysis)

    ( 1 ) /Year/Item 94 95 96 97 98

    99

    3 31

    1

    ()

    (Debts ratio) 37.87 36.50 25.48 25.55 27.88 27.19

    (Capital

    Strusture

    Analysis)

    ()

    (Long-term fund to fixed

    assets)

    831.96 787.91 673.50 674.99 726.76 718.22

    ()

    (Current ratio) 253.42 195.15 227.66 239.81 205.04 185.57

    (Liquidity

    Analysis) () (Quick ratio) 135.22 138.50 146.75 191.35 176.16 165.73

  • ~45~

    ( 1 ) /Year/Item 94 95 96 97 98

    99

    3 31

    1

    (Times interest earned) 62.08 71.45 87.31 33.93 33.62 70.90

    ()

    (Average collection

    turnover)

    10.11 12.04 8.45 7.61 7.44 7.96

    (Average collection days) 36.10 30.32 43.20 47.96 49.06 45.86

    () (Average

    inventory turnover) 5.68 9.99 11.19 11.82 14.88 23.16

    (Average

    inventory turnover days) 64.26 36.54 32.62 30.88 24.53 15.76

    () (Average

    payment turnover) 13.34 21.23 20.45 9.93 8.40 11.40

    () (Fixed

    assets turnover) 7.44 14.10 13.28 11.27 10.48 13.88

    (Operating

    Performance

    Analysis)

    () (Total assets turnover)

    0.91 1.41 1.43 1.33 1.17 1.44

    () (Return on tatal assets)

    11.95 13.25 10.55 3.61 5.29 2.53

    () (Return ratio on

    stockholdersequity) 18.36 20.83 15.16 4.70 7.04 3.46

    13.80 28.12 12.37 (2.11) 0.46 4.70

    () (To capital stock) 50.02 63.80 44.55 19.08 20.59 9.47

    () (Profit after tax to net sales)

    12.93 9.29 7.29 2.63 4.42 7.03

    (Profitalility

    Analysis)

    ()() (Earnings per share)

    4.35 5.43 4.21 1.27 1.89 0.95

    () (Cash flow ratio)

    90.67 54.44 60.31 46.40 34.45 (12.67)

    ()

    (Cash flow adequacy ratio) 57.68 71.41 98.40 96.08 136.33 131.89

    (Cash Flow)

    () (Cash flow reinvestment ratio)

    4.21 4.43 1.58 1.89 6.25 2

    (Operating leveage)

    4.96 2.19 3.77 (16.69) 62.58 2.35

    (Leverage) (Financial leveage)

    1.06 1.03 1.04 1.38 (2.76) 1.03

    20

    1. : 2. / ()() :

    (1)():;

    ()

    (2):

    (3):

    3.:

  • ~46~

    4.:

    5.:

    1

    2

    ()(Financial Analysis)

    ( 1 ) /Year/Item 94 95 96 97 98

    ()(Debts ratio) 43.17 41.67 33.62 36.11 36.01

    (Capital Strusture

    Analysis) ()

    (Long-term fund to fixed assets) 379.88 385.42 374.12 324.83 352.22

    ()(Current ratio) 380.47 316.68 303.05 274.74 268.76

    ()(Quick ratio) 243.04 212.36 188.46 181.71 183.25

    (Liquidity

    Analysis) (Times interest earned) 47.53 53.67 50.11 18.44 32.95

    ()

    (Average collection turnover) 8.99 8.77 7.70 6.74 6.45

    (Average collection days) 40.60 41.62 47.40 53.99 56.33

    ()

    (Average inventory turnover) 4.62 4.67 4.54 4.02 3.96

    (Average inventory turnover days) 79.00 78.16 80.40 90.80 92.17

    ()

    (Average payment turnover) 12.38 12.64 11.17 9.46 8.40

    ()

    (Fixed assets turnover) 6.47 7.96 7.73 6.54 6.41

    (Operating

    Performamce

    Analysis)

    () (Total assets turnover)

    1.43 1.47 1.46 1.35 1.28

    () (Return on tatal assets)

    10.48 11.65 8.84 2.97 4.05

    () (Return ratio on stockholdersequity)

    18.36 20.83 13.89 4.13 6.05

    40.86 59.65 39.13 27.95 34.97() (To capital stock) 51.05 67.86 50.69 33.79 38.16

    () (Profit after tax to net sales)

    7.18 7.78 5.95 1.99 3.03

    (Profitalility

    Analysis)

    ()() (Earnings per share)

    4.35 5.43 4.21 1.27 1.89

    () (Cash flow ratio)

    40.22 61.64 17.05 6.94 27.32

    ()

    (Cash flow adequacy ratio) 97.47 91.47 80.05 101.61 117.69

    (Cash Flow)

    () (Cash flow reinvestment ratio)

    1.48 10.53 2 2 6.95

    (Operating leveage) 2.74 2.11 1.98 1.77 3.12

    (Leverage) (Financial leveage) 1.03 1.02 1.03 1.07 1.04

  • ~47~

    20

    1.

    ()():

    (1)():

    1.52%;

    ()

    (2):

    2.:

    -

    1

    2

    ()

    1.

    (1)

    (2)

    2.

    (1)

    (2)

    (3)

    3.

    (1)()

    ()

    (2)365

    (3)

    (4)()

    ()

    (5)365

    (6)

    (7)

    4.

    (1)

    (2)

    (3)

    (4) 1

    5.

    (1)

    (2)(

    )

    (3)()(

    )( 2)

    6.

    (1)()( 3)

    (2)() 1

    1.

  • ~48~

    2.

    3.

    4.

    2

    1.

    2.

    3.

    4.

    5.

    3

  • ~49~

  • ~50~

    67 110

    111 163

    :

    97 98

    %

    2,229,808 2,494,969 265,161 11.89

    625,397 572,693 (52,704) (8.43)

    84,126 80,078 (4,048) (4.81)

    5,273,696 5,494,104 220,408 4.18

    929,809 1,216,817 287,008 30.87

    295,000 200,000 (95,000) (32.20)

    1,347,343 1,531,985 184,642 13.70

    1,398,305 1,468,220 69,915 5.00

    830,586 831,507 921 0.11

    1,541,107 1,609,186 68,079 4.42

    3,926,353 3,962,120 35,767 0.91

    : :

    () :

    97 98 ()

    ()

    7,117,508 6,320,473 (797,035) ( 11.20)

    ( 8,467) ( 4) (8,463) ( 99.95)

    ( 38,146) ( 39,623) 1,477 3.87

    7,070,895 6,280,846 (790,049) ( 11.17)

    ( 6,568,256) (5,908,617) (659,639) ( 10.04)

    502,639 372,229 (130,410) ( 25.95)

    ( 532,186) (365,427) (166,759) ( 31.33)

    ( 29,547) 6,802

    337,269 345,136 7,867 2.33

    ( 40,892) ( 49,588) 8,696 21.27

    266,830 302,350

    ( 81,037) ( 24,525) ( 56,512) ( 69.74)

    $ 185,793 $ 277,825

    .

    (1):

    (2):()

    (3):

    (4):

    (5):

    .

    .

    29,610

  • ~51~

    () :

    ( 130,410) 569,431 (603,202) - (96,639)

    :,

    ()

    98 97 ()

    () 34.45 46.40 (25.75)

    () 136.33 96.08 41.89

    () 6.25 1.89 230.69

    1.:

    2.:

    ()

    230,774 274,167 417,233 87,708

    1. 99

    (1)

    (2)

    (3) 98

    :

    () OEM

    (.) 98 :

    (.)9853,863;

    ():

    (): 1.

    2.

    3.

  • ~52~

    ()

    1. 2.

    3.

    ()

    1. :

    98 993 31

    59,512 14,329

    2.

    98.12 95 13596 12897

    105%98 1.3%

    98.12 95 1.896 1.3%:97 0.7%98 1.3%

    95 2%:96 1.2%97 2.1%98 2.1%

    3.

    (1)

    (2)

    (3)

    (4)

    (5)

    (6)

    4.

    5.

    2-3 1 2

    6.

    OEM ODM

    ():

  • ~53~

    ()

    21

    1.

    2.

    1 2 5 6

    3.

    4.

    iPod

    ()

    2001 11

    ()

    (): ()

    ()

    2009

    ()

    ()

  • ~54~

    ()

    ()

    1

    (1)(Organization Chart)

    1:

    1: 98 1 5

    2: 98 12

    3: 98 12

    4: 99 01

    (2) 369 3

    369 2

    (3) 369 2

    2

    / Name of Corporation

    /

    Date of

    Incorporation

    / Place of Registration

    /Outstanding

    Capital

    /Major Business or

    Production Items

    () 84.01.09 Road Town,Tortala, British Virgin

    Islands. USD 12,000

    83.01.14 Jakarta Utara-14140,Indonesia USD 2,400

    Tainan Enterprises (BVI)

    100%

    Tainan Enterprises Co.,Ltd

    Camwell Mfg Co.,Ltd (Cambodia)

    100%

    Demeng

    100%

    P.T.Tainan Enterprises

    100%

    Tai Mao Feng 100%( 1)

    Tai Yang

    (Cambodia) 100%

    Tainan

    Enterprises (Cayman) 56.61%

    Tainan

    Enterprises (USA)

    100%( 2)

    Yi Xing Gao

    Qing Garment(China) 100%

    Jordan Dragon (Jordan)

    100%( 3)

    Qingdao Tide

    Garment (China)

    100%( 4)

    Mao Feng

    (China) 100%

    Guan Jia (China)

    90%

    Tony Wear (China)

    95%

    Kaimo 100%

    51.79%

    38.21%

  • ~55~

    / Name of Corporation

    /

    Date of

    Incorporation

    / Place of Registration

    /Outstanding

    Capital

    /Major Business or

    Production Items

    (3) 91.04.15 NTD 28,000

    () 87.08 USD 9,000

    82.06.17 USD 4,500

    CAMWELL MFG CO.,LTD 93.08.16 USD 5,000

    TAINAN ENTERPRISE(USA)

    CORPORATION()

    (4)

    89.03.06 NEW YORK,USA. USD 200

    (5) 91.07.08 AL-TAJAMOUAT INDUSTRIAL CITY AMMAN

    11636,JORDAN USD 1,641

    (6) 95.12 USD 2,100

    () 96.12 USD 500

    () 88.02.08 George Town,Grand Caymam Camayn

    Islands, Brithish West Indies USD 8,922

    () 88.05 USD 14,200

    () 93.04.08 USD 1,701

    (7)

    () 94.09.17 1,000

    () 91.10.31 500

    1

    2

    3 98 1 5 4 98 12 5 98 12 6 99 01 7 98 () 98 USD701

    USD1,701 3

    / Shareholding / Name of Corporation

    /

    Title / Name of Representative

    / Shares

    () / 120,000 100.00

    (1) 2,800,000 100.00

    / 2,400,000 100.00

    (2)

    ()/ 30,000 100.00()

    ()/ 100.00

    ()/ 100.00CAMWELL MFG CO.,LTD

    ()/ 100.00()(3)

    ()/ (4)

    ()/:

    (5)

    ()/: 100.00()

    () ()/ 5,151,575 56.61

    ()/ 95.00()

    5.00

    ()/ 38.21()(6)

    10.00

    ( 7) ()

  • ~56~

    / Shareholding / Name of Corporation

    /

    Title / Name of Representative

    / Shares

    ( 8) ()

    : 1 98 1 5 2 98 2 27 ;

    3 99 01 4 98 12 5 99 01 6 98 ()()

    () 7 99 04

    8 98 12 ()

    1

    Name of Corporation

    Outstanding

    Capita1

    Total Assets

    Total

    Liabilities

    Net Worth

    Net

    Operating

    Revenues

    ()

    Operating

    Income

    (loss)

    ()

    Net Income

    (loss) after

    tax

    ()

    Earnings Per

    Share after tax

    (NTD)

    () $383,880 $2,096,020 $ 2,697 $2,093,323 $ ($10,580) $38,412 320.10

    (3) 28,000 30,171 168 30,003 60 (114) 1,526 0.54

    76,776 1,005,337 877,874 127,463 2,252,990 40,913 17,489 7.29

    () 287,910 392,174 125,669 266,505 765,550 (21,553) (22,407) (746.91)

    170,955 245,812 48,782 197,030 353,373 6,978 5,011 (2)

    Camwell Mfg Co., Ltd 159,950 263,743 107,615 156,128 552,630 13,546 13,878 (2)

    ()

    (4)

    (2)

    (5) 5,644

    (6) 76,006 29 17,734 (17,705) 38,383 (33,720) (43,309) (2)

    () 16,710 832 7,034 ( 6,202) 1,215 (3,704) ( 4,291) (2)

    () 285,423 1,376,696 1,648 1,375,048 (2,291) 161,628 31.37

    () 61,168 263,636 97,758 165,878 233,482 24,174 25,096 (2)

    ()

    ()

    ()

    514,583 1,948,411 837,110 1,111,301 2,050,771 310,286 153,159 (2)

    1

    (1) 98 12 31 131.99

    14.686

    (2)()() 133.04 ()

    14.836

    2

    3 98 1 5

    4: 98 12

    5: 98 12

    6: 99 01

    () 111 163

    :

  • ~57~

    320

    139,830,508 () 76,836,165 54.95 %

    () ()

    () (1) 15,032,770.54 (2)() 3,922,323.73

    (3)() 73,265.44

    () 20,000 12,999 7,001

    ()

    ()

    ()

    ()()185,792,596 18,579,260 846,024,800 1,013,238,136 209,745,768 ( 69,915,260 139,830,508 )

    () 139,830,508 1

    () 3,300,000 5,000,000

    ()

  • ~58~

    () 69,915,260 6,991,526

    () 50

    ()

  • ~59~

    ()

    ()

    ()

    ()

    (1) 69,915,260

  • ~60~

    6,991,526 10 50

    (2) 139,830,508

    (3)

    (4)

    ()

    ()

    ()

    ()

    ()

    ()

  • ~61~

    ()

    ()

    ()

    R.O.C

  • ~62~

    R.O.C

    IAS21-

    1. () OEM

    2.

    3.

    4. MIS SAP

    IAS18-

    IAS33-

    IFRS2-

    320

    99 04 20 99 06 18

    ()

  • ~63~

    ()

    PT Tainan Enterprises Indonesia

    Tainan Enterprise (BVI) Co Ltd

    USD6,000

    USD1,000

    ()

    USD7,000 USD3,000

    USD2,000

    PT Tainan Enterprises Indonesia Tainan Enterprise (BVI) Co Ltd

    USD16,000

    USD10,000

  • ~64~

    ()

    320

    ()

    ()

    ()

  • ~65~

    ()

    ()()277,825,589 27,782,559 803,492,368 1,053,535,398

    () 220,233,051 1.5

    () 4,030,000 10,000,000

    ()

    98

    () 98

    ()98

    ()

    () 98 21

  • ~66~

    ()

    () () (BVI)

    NTD300,000NTD200,000NTD120,000USD3,000 USD2,000

    ()

    USD2,400

    ()

    USD5,000 USD10,000

    ()

    ()() USD2,500

  • ~67~

    (99) 09002648

    13,926 16,061

    173,425 163,177

  • ~68~

    ()

    (96) 052

    4,042

    0.03

    (84)() 29174 (82)() 44927

  • 98 97 12 31

    98 12 31 97 12 31 98 12 31 97 12 31 % % % %

    69

    1100 (()) $ 230,774 4 $ 60,463 1 2100 (()) $ 28,800 1 $ 17,130 1 1310 2180 (()) 1,007,025 18 882,633 17 (()) 5,116 - - - 1120 4,361 - 1,450 - 2120 5,867 - 9,550 - 1140 (()) 877,098 16 805,911 15 2140 283,213 5 301,091 6 1160 4,428 - 3,992 - 2150 () 287,008 5 208,161 4 1180 () 19,829 1 24,769 1 2160 (()) 26,574 - 13,408 - 120X (()()) 340,657 6 439,979 8 2170 () 473,852 9 369,983 7 1260 8,739 - 8,877 - 2190 () 6,642 - - - 1286 (()) 2,058 - 1,734 - 2210 1,182 - 2,085 - 11XX 2,494,969 45 2,229,808 42 2260 3,562 - 8,401 - 2270 1430 (()) 95,000 2 - - (()) 20,000 - - - 21XX 1,216,816 22 929,809 18 1450 (()) 1,168 - 787 - 1480 ( 2420 (()) 200,000 4 295,000 5 ()) 24,443 1 24,443 - 1421 (()) 2,296,750 42 2,300,807 44 2510 (()) 37,967 1 37,967 1 14XX 2,342,361 43 2,326,037 44 (()) 2810 (()) 29,279 - 24,700 1 2820 140 - 140 - 1501 319,843 6 319,843 6 2860 (()) 47,782 1 59,727 1 1521 299,865 5 299,960 6 28XX 77,201 1 84,567 2 1531 30,089 1 29,223 1 2XXX 1,531,984 28 1,347,343 26 1541 8,660 - 8,652 - 1551 15,708 - 16,629 - 1561 29,973 1 32,599 1 3110 (()) 1,468,220 27 1,398,305 26 15X8 63,972 1 63,972 1 (()()) 15XY 768,110 14 770,878 15 3211 434,338 8 434,338 8 15X9 ( 148,865) ( 3) ( 137,576) ( 3) 3213 323,192 6 323,192 6 1599 ( 46,552) ( 1) ( 7,905) - 3270 3,516 - 3,516 - 15XX 572,693 10 625,397 12 3280 70,461 1 69,540 1 (()()) 1710 (()) 1,794 - 3,450 - 3310 527,868 10 509,289 10 1750 (()) 348 - 2,087 - 3350 1,081,318 20 1,031,818 20 1770 (()) 1,861 - 2,791 - 17XX 4,003 - 8,328 - 3460 (()) 16,863 - 55,510 1 3450 (()) ( 1,692) - ( 2,073) - 1800 (()()) 78,654 2 79,524 2 3420 73,674 1 132,515 3 1820 115 - 1,427 - 3430 ( 1830 1,309 - 3,175 - ()) ( 35,638) ( 1) ( 29,597) ( 1) 18XX 80,078 2 84,126 2 3XXX 3,962,120 72 3,926,353 74 () 1XXX $ 5,494,104 100 $ 5,273,696 100 1XXX $ 5,494,104 100 $ 5,273,696 100

  • 98 97 1 1 12 31

    ()

    98 97 % %

    70

    4110 $ 6,320,473 101 $ 7,117,508 1014170 ( 4) - ( 8,467) -4190 ( 39,623)( 1) ( 38,146)( 1)4100 6,280,846 100 7,070,895 100 5110 (()()() ) ( 5,908,617)( 94) ( 6,568,256)( 93)5910 372,229 6 502,639 7 (()) 6100 ( 133,149)( 2) ( 233,894)( 4)6200 ( 172,766)( 3) ( 227,573)( 3)6300 ( 59,512)( 1) ( 70,719)( 1)6000 ( 365,427)( 6) ( 532,186)( 8)6900 () 6,802 - ( 29,547)( 1) 7110 1,752 - 3,148 -7310 (()) 5,742 - 18,434 -7121 (()) 53,863 1 31,669 17122 1,418 - 1,080 -7130 () 30 - 101 -7140 (()) 4,853 - 9,734 -7160 (()) 20,777 1 - -7210 (()) 1,057 - 1,192 -7480 () 255,644 4 271,911 47100 345,136 6 337,269 5 7510 ( 9,270) - ( 8,103) -7650 (()) ( 28,855)( 1) - -7530 ( 117) - ( 258) -7560 - - ( 24,381) -7880 ( 11,346) - ( 8,150) -7500 ( 49,588)( 1) ( 40,892) -7900 302,350 5 266,830 48110 (()) ( 24,525)( 1) ( 81,037)( 1)9600 $ 277,825 4 $ 185,793 3 (()) 9750 $ 2.06 $ 1.89 $ 1.82 $ 1.27 (()) 9850 $ 2.06 $ 1.89 $ 1.76 $ 1.23

  • 98 97 1 1 12 31

    ()$3,300 $5,000

    71

    97

    97 1 1 $ 1,389,190 $ 800,187 $ 452,359 $ 1,260,031 $ 50,585 ( $ 2,371) $ 74,882 ( $ 42,596) $ 3,982,267

    96

    - - 56,930 ( 56,930) - - - - -

    - - - ( 2,500) - - - - ( 2,500)

    - - - ( 5,000) - - - - ( 5,000)

    - - - ( 349,576) - - - - ( 349,576)

    9,115 30,399 - - - - - - 39,514

    97 - - - 185,793 - - - - 185,793

    - - - - 4,925 - - - 4,925

    - - - - - 298 - - 298

    - - - - - - 57,633 - 57,633

    - - - - - - - 12,999 12,999

    97 12 31 $ 1,398,305 $ 830,586 $ 509,289 $ 1,031,818 $ 55,510 ( $ 2,073) $ 132,515 ( $ 29,597) $ 3,926,353

    98

    98 1 1 $ 1,398,305 $ 830,586 $ 509,289 $ 1,031,818 $ 55,510 ( $ 2,073) $ 132,515 ( $ 29,597) $ 3,926,353

    97 ()

    - - 18,579 ( 18,579) - - - - -

    - - - ( 139,831) - - - - ( 139,831)

    69,915 - - ( 69,915) - - - - -

    98 - - - 277,825 - - - - 277,825

    - 921 - - - - - - 921

    - - - - ( 38,647) - - - ( 38,647)

    - - - - - 381 - - 381

    - - - - - - ( 58,841) - ( 58,841)

    - - - - - - - ( 6,041) ( 6,041)

    98 12 31 $ 1,468,220 $ 831,507 $ 527,868 $ 1,081,318 $ 16,863 ( $ 1,692) $ 73,674 ( $ 35,638) $ 3,962,120

  • 72

    98 97 1 1 12 31

    9 8 9 7 $ 277,825 $ 185,793 ( 5,742) ( 18,434) ( 519) - - ( 3) ( 11,464) ( 7,828) ( 53,863) ( 31,669) - 184,837 16,992 17,536 ( 30) ( 101) 117 258 5,492 5,672 28,855 - - 3,285 ( 45,000) ( 66,345) 2,311 ( 564,048) ( 2,911) 2,003 ( 70,668) 239,135 ( 436) ( 801) 4,940 5,051 110,786 206,002 138 120,836 ( 324) 3,491 930 930 ( 3,683) ( 2,960) ( 17,878) ( 63,707) 78,847 208,161 13,166 ( 26,702) 103,869 34,170 - 6,642 - ( 903) 42 ( 4,839) 8,401 ( 1,462) ( 4,361) ( 11,945) ( 7,212)

    419,243 431,432

    ( 144,700) ( 25,000) ( 20,000) - - 19,847 ( 2,536) ( 10,256) 384 2,587 ( 231) ( 1,350) () 1,312 ( 66) - ( 813)

    ( 165,771) ( 15,051)

    ( )

  • 73

    98 97 1 1 12 31

    9 8 9 7

    $ 11,670 $ 17,130

    - ( 222,843)

    - 95,000

    - ( 7,500)

    ( 139,831) ( 349,576)

    ( 128,161) ( 467,789)

    45,000 66,345

    170,311 14,937

    60,463 45,526

    $ 230,774 $ 60,463

    1.() $ 8,894 $ 8,103

    2. $ 23,628 $ 111,460

    $ 2,536 $ 10,047

    - 209

    $ 2,536 $ 10,256

    $ - $ 39,514

  • 74

    98 97 12 31

    ()

    () 50 8

    98 12 31

    $2,000,000$1,468,220 146,822

    10 (

    )

    () 98 12 31 480

    () 88 4

    89 9

    ()

    1.

    2.

    3.

    ()

    1.

    (1)

    (2)

    (3) 12

    (4) 12

    2.

  • 75

    (1)

    (2)

    (3) 12

    (4) 12

    ()

    1.

    2.

    /

    3.

    4.

    (1)

    (2)

    (3)

    ()

    1.

    2.

    /

    3.

    ()

    1.

    2.

    ()

  • 76

    ()

    1.

    2. 97 12 31 ()()

    ()

    1.

    20%

    2. 50%

    3.

    ()

    1.

    2.

    2

    60 2 15

    3.

    ()

    1.

    8

    2.

    3

    ()

    2 5

    ()

    1.

  • 77

    2.

    ()

    1.

    2.

    3.

    4.

    ()

    ()

    ()

    1. 22

    ()

    2. 12

    3. 87

    10%

  • 78

    4. 95 1 1

    ()

    97 1 1

    96 3 16 (96)

    052

    97 3 31 (97)

    127

    (

    )

    ()

    ()

    ()

    ()

    97 1 1 96 3 16

    (96) 052

    97

    $4,042 0.03

    ()

    1. 98 1 1 10 97 12 31 ()

  • 79

    10

    2. 97 12 31 ():

    3. 98

    ()

    981231 971231

    250$ 320$

    106,492 16,089

    124,032 44,054

    230,774$ 60,463$ ()

    981231 971231

    829,973$ 832,284$

    - 23,739

    829,973 856,023

    7,352 1,610

    837,325 857,633

    169,700 25,000

    1,007,025$ 882,633$

    20,000$ -$

    5,116$ -$

  • 80

    1.

    2.

    () ()

    USD74,000 98.299.12 USD50,420 97.198.12

    EUR 950 97.1298.2

    USD67,000 98.299.12 USD46,000 97.198.12

    USD 1,000 98.1299.3 USD 8,000 97.998.4

    NTD189,700 98.9100.4 NTD25,000 97.998.9

    3.

    4.

    ()

    9897$4,794$36,873

    97 12 31 98 12 31

    ()

    981231 971231

    877,098$ 806,430$

    - 519)(

    877,098$ 805,911$ ()

    39$ 8)($ 31$

    169,562 - 169,562

    167,002 - 167,002

    5,197 1,135)( 4,062

    341,800$ 1,143)($ 340,657$

    12,926$ 4,382)($ 8,544$

    245,742 - 245,742

    169,657 - 169,657

    24,261 8,225)( 16,036

    452,586$ 12,607)($ 439,979$

    98 12 31

    97 12 31

  • 81

    98 97

    5,920,081$ 6,576,084$

    () 11,464)( 7,828)(

    5,908,617$ 6,568,256$

    ()

    ()

    () 2,860$ 0.24% 2,860$ 0.24%

    1,692)( 2,073)(

    1,168$ 787$

    98 12 31 97 12 31

    ()

    () 9,516$ 5.00% 9,516$ 5.00%

    () 9,630 2.86% 9,630 2.86%

    () 4,000 0.25% 4,000 0.25%

    () 1,297 0.095% 1,297 0.095%

    () 10,000 0.015% 10,000 0.015%

    - 13.26% - 13.26% 17.86% 17.86%

    34,443 34,443

    10,000)( 10,000)(

    24,443$ 24,443$

    98 12 31 97 12 31

    1.

    2. () 97 500

  • 82

    ()

    1.

    ()()

    2,093,322$ 100.00% 2,109,152$ 100.00%

    () 127,463 113,328

    () 30,003 28,478

    () 45,962 27.24% 49,849 27.24%

    2,296,750$ 2,300,807$

    98 12 31 97 12 31

    2. 98 97

    $53,863 $31,669

    ()

    1.

    63,972$ -$ 63,972$ -$

    - 84,024 - 76,317

    - 24,401 - 22,994

    - 7,741 - 7,429

    - 11,197 - 10,471

    - 21,502 - 20,365

    63,972 148,865$ 63,972 137,576$

    () 46,552)( 7,905)(

    17,420$ 56,067$

    97 12 31 98 12 31

    98971231

    2.(

    )

    85 122,970$ 57,634$ 65,336$

    9,174)( 4,300)( 4,874)(

    - 15,367)( 15,367

    113,796 37,967$ 75,829

    () 46,552)( 46,552)(

    67,244$ 29,277$

  • 83

    () 98 97 12 31

    $46,552 $7,905

    98 12 31 97 12 31

    46,552$ 7,905$ 98 97 12 31 (

    )

    $16,863 $55,510

    3. 98 97

  • 84

    ()

    12,500$ 9,050)($ 3,450$ -$ 1,656)($ 12,500$ 10,706)($ 1,794$ 5,452 3,365)( 2,087 231 1,970)( 5,683 5,335)( 348

    17,952$ 12,415)($ 5,537$ 231$ 3,626)($ 18,183$ 16,041)($ 2,142$

    12,500$ 7,393)($ 5,107$ -$ 1,657)($ 12,500$ 9,050)($ 3,450$ 4,102 989)( 3,113 1,350 2,376)( 5,452 3,365)( 2,087

    16,602$ 8,382)($ 8,220$ 1,350$ 4,033)($ 17,952$ 12,415)($ 5,537$

    98

    9897()

    97

  • 85

    ()

    3,306$ 49,824$ 53,130$ -$ 53,130$

    41,192 - 41,192 15,668)( 25,524

    44,498$ 49,824$ 94,322$ 15,668)($ 78,654$

    98 12 31

    3,306$ 49,824$ 53,130$ -$ 53,130$

    41,214 - 41,214 14,820)( 26,394

    44,520$ 49,824$ 94,344$ 14,820)($ 79,524$

    97 12 31

    1. 98 97 $1,056 $1,060

    2.()

    ()

    981231 971231

    28,800$ 17,130$

    () 1.55%

    () ()

    98 12 31 97 12 31

    295,000$ 295,000$

    95,000)( -

    200,000$ 295,000$

    99.3.3100.3.28 99.3.3100.3.28

    2.77%2.87% 2.77%2.87%

    ()

    1.

    94 7 1

    6 15 ()

    2 15

    1 45 7.5%

  • 86

    2.

    (1)

    98 97

    4,023$ 4,995$

    3,657 4,668

    1,131)( 1,622)(

    930 930

    4,094 5,599

    11,573$ 14,570$

    9897

    (2)

    98 97

    2.25% 2.75%

    2.50% 2.50%

    2.25% 1.50%

    9897

    (3)

    981231 971231

    23,016)($ 24,098)($

    81,540)( 76,063)(

    104,556)( 100,161)(

    32,376)( 32,827)(

    136,932)( 132,988)(

    75,276 75,461

    61,656)( 57,527)(

    1,861 2,791

    () 68,015 62,424

    37,499)( 32,388)(

    29,279)($ 24,700)($

    27,073$ 29,957$

    98971231

    3. 94 7 1

    6%

    98 97

    $8,753 $11,199

  • 87

    ()

    1. 97 2

    3 36.40 1,000

    912 97 4 25

    $2,000,000

    $1,398,305 139,831 10

    2. 98 6 19

    $69,915

    98 8 5

    $2,000,000$1,468,220

    146,822 10

    ()

    10%

    ()

    1. 10%

    50%

    2.

    10%

    :

    (1) 20% 80%

    20% 100%

    (2) 1%

    (3) 2%

    3. 98 6 19 97 6 13

    97 96

  • 88

    () ()

    18,579$ -$ 56,930$ -$

    139,831 1.00 349,576 2.50

    69,915 0.50 - -

    3,300 - 2,500 -

    5,000 - 5,000 -

    236,625$ 1.50$ 414,006$ 2.50$

    97 96

    4. 98 99 4 15

    5. 98 $7,800

    97

    97

    97 $5,000

    $3,600 $300

    98

    6.

    981231 971231

    (1)86 139,934$ 139,934$

    (2)87 941,384 891,884

    1,081,318$ 1,031,818$

    98971231

    7. 98 97 12 31

    $122,539 $151,083 97

    98 6 19

    98 8 5 18.34%

    98 13.02%

    98

  • 89

    ()

    79,184$ 182,688$ 261,872$

    6,610 13,284 19,894

    6,153 14,173 20,326

    4,691 2,770 7,461

    96,638$ 212,915$ 309,553$

    5,453$ 11,539$ 16,992$

    -$ 5,492$ 5,492$

    9897

    98

    87,631$ 242,907$ 330,538$

    6,187 15,831 22,018

    6,533 19,236 25,769

    4,805 4,004 8,809

    105,156$ 281,978$ 387,134$

    6,018$ 11,518$ 17,536$

    -$ 5,672$ 5,672$

    97

    ()

    1.

    98 97

    75,578$ 66,697$

    53,891)( 70,418)(

    4,785 37,531

    9,484 31,698

    10% - 15,529

    11,431)( -

    24,525 81,037

    12,269 3,721

    9,484)( 31,698)(

    736)( 39,652)(

    26,574$ 13,408$

  • 90

    2.

    () 9,145$ 1,829 5,670)($ 1,418)(

    1,143 229 12,607 3,152

    2,058$ 1,734$

    238,909)($ 47,782)($ 238,909)($ 59,727)($

    98 12 31 97 12 31

    98971231()

    3.

    96 99 4 15

    ()

    ()

    302,350$ 277,825$

    302,350$ 277,825$ 146,822 2.06$ 1.89$

    - - 139

    302,350$ 277,825$ 146,961 2.06$ 1.89$

    98

    ()

  • 91

    ()

    266,830$ 185,793$

    266,830$ 185,793$ 146,503 1.82$ 1.27$

    - - 4,787

    - - 330

    266,830$ 185,793$ 151,620 1.76$ 1.23$

    97

    ()

    1. 97

    2. 97

    97

    96 24

    19 39

  • 92

    ()

    ()

    ()()

    ()() ()

    CAMWELL MFG CO.,LTD(CAMWELL)

    ()

    ()

    JORDAN DRAGON GARMENT INDUSTRY CO., LTD.

    (JORDAN)

    ()()

    ()() (()

    )

    ()()

    98

    ()()

    1.

    52,159$ () 48,048$ ()

    ()

    98 97

    330

    2.

    2,247,507$ 55 2,280,450$ 51

    98 97

    3

  • 93

    3.

    305$ 298$ 7$ 51 50 1

    356$ 348$ 8$

    ()

    2,435$ 2,415$ 20$

    69 67 2

    2,504$ 2,482$ 22$

    97

    98

    4.

    98 97

    593,306$ 689,961$

    CAMWELL 518,803 541,008

    313,165 343,010

    37,493 73,149 JORDAN - 9,991

    1,462,767$ 1,657,119$ 5.

    98 97

    86,863$ 86,167$

    46,441 63,283

    CAMWELL 38,579 36,240

    31,560 34,730

    10,000 10,000

    2,315 6,332

    1,000 1,000

    JORDAN - 772

    216,758$ 238,524$

    6.

    -$ - 12,557$ 2

    98 12 31 97 12 31

  • 94

    7.

    15,574$ 64 21,947$ 76

    4,148 17 2,822 10

    107 1 - -

    19,829$ 82 24,769$ 86

    98 12 31 97 12 31

    8.

    287,008$ 50 208,161$ 41

    98 12 31 97 12 31

    9.

    161,422$ 34 132,769$ 36

    CAMWELL 138,360 29 102,057 28

    104,618 22 41,412 11

    - - 5,203 1

    - - 483 -

    404,400$ 85 149,155$ 76

    98 12 31 97 12 31

    10.

    6,642$ 85 -$ -

    98 12 31 97 12 31

    11.

    98 97

    23,437$ 19,370$

    5,493 10,097

    4,500 5,475

    33,430$ 34,942$

    (1)

    (2)

    (3)

    (4)

  • 95

    ()

    ()

    98.3.31 169$ 107$ - -$

    97.4.25 32,058$ -$ - -$ 97.4.25 1,729 - - -

    -$ -$

    98

    97

    ()

    981231 971231

    US 15,667 US 15,033

    2,500 3,922

    73

    US 18,167 US 19,028

    98971231

    98971231

    US45,499US45,461

    981231 971231

    () 92,549$ 92,549$

    50,814 52,487

    143,363$ 145,036$

    98971231

    ()

    () 98 97 12 31

    $256,498 $169,785

    () 98 97 12 31

    ()

    ()

  • 96

    ()

    1,136,490$ -$ 1,136,490$ 896,585$ -$ 896,585$

    837,325 837,325 - 833,894 833,894 -

    1,168 1,168 - 787 787 -

    24,443 - - 24,443 - -

    115 - 115 1,427 - 1,427

    1,208,138 - 1,208,138 921,408 - 921,408

    200,000 - 200,000 295,000 - 295,000

    140 - 140 140 - 140

    - - - 24,731 - 24,731

    - - - 992)( - 992)(

    189,700 - 189,700 25,000 - 25,000

    5,020)( - 5,020)( - - -

    96)( - 96)( - - -

    98 12 31 97 12 31

  • 97

    1.

    2.

    3.

    4.

    ()

    (

    )

    ()

    1.

    (1)

    (2)

    (3)

  • 98

    2.

    50%

    50%

    3.

    (

    )

    4.

    ()

    97 98

  • 99

    ( )

    (98)

    1.

    (3) (3)

    0 () 169$ 107$ 2 $ -$ -$ 1,188,636$ 1,188,636$

    1 () US$ 7,162 US$ 6,701 2 - - US$ 19,631 US$ 19,631

    US$ 927 US$ 551 2 - - US$ 19,631 US$ 19,631

    2 ()CAMWELL MFG CO., US$ 1,218 US$ 1,218 12 US$ 4,872 - - US$ 3,332 US$ 3,332

    LTD. ()

    US$ 1,432

    ()

    3 CAMWELL MFG () US$ 1,809 - 12 US$ 1,432 - - US$ 1,952 US$ 1,952

    CO., LTD. ()

    US$ 4,872

    ()

    4 7,032 - 2 - - 12,614 12,614

    () 1,037 1,037 2 - - 12,614 12,614

    5 () 3,500 - 12 50,610 - - 94,861 94,861

    ( )

    24,676

    ( )

    736 519 12 1,922 - - 73,068 94,861

    ( )

    6 () 9,362 8,098 12 24,676 - - 12,169 12,169

    ( )

    50,610

    ( )

    7 1,096 - 12 1,922 - - 94 94

    ( )

    8 () 3,000 3,000 2 - - 10,620 10,620

    (US)()

  • 100

    1.40%30%

    2.

    (1)

    (2)30%

    (3)(1)(2)

    (3)

    (1)

    (2)

    2.:

    ( 3) (4) ( 3)

    0 1 1,188,636$ 501,800$ 501,800$ -$ 12.66% 1,584,848$ (US$ 15,667) (US$ 15,667)

    () 2 792,424 128,888 80,075 - 2.02% 1,584,848 (US$ 3,922) (US$ 2,500)

    () 2 792,424 2,555 - - - 1,584,848 (US$ 73) -

    (1)50%

    (2)50%

    (4)981231US45,499

    (3)40%90%

    30%20%

    (US)

  • 101

    3. :

    ()

    18,304 218,046$ - 218,824$

    7,743 117,061 - 117,190

    6,153 97,642 - 98,371

    5,817 89,636 - 89,656

    4,636 64,028 - 64,052

    5,644 62,553 - 62,568

    4,730 60,900 - 60,947

    5,063 55,185 - 60,450

    4,366 49,922 - 49,937

    1,500 15,000 - 15,330

    - 169,700 - 169,700

    - 20,000 - 20,000

    151 2,860 0.24% 1,168

    10 - 17.86% -

    3,314 - 13.26% -

    796 9,516 5.00% -

    1,000 9,630 2.86% -

    200 4,000 0.25% -

    130 1,297 0.095% - 500 - 0.015% -

    (US)()

  • 102

    ()

    ()

    120 2,093,322$ 100.00% 2,093,322$

    2,400 127,463 127,463

    2,800 30,003 30,003

    4,700 45,962 27.24% 45,962

    ()

    - US$ 2,511 - US$ 2,512

    () - US$ 7,308 - US$ 7,323

    KGI Asia Ltd.

    - US$ 1,527 - US$ 1,527

    70 US$ 1,484 - US$ 1,509

    ()

    79 US$ 1,000 - US$ 536

    NETSOL TECH-NOLOGIES INC.

    44 - 0.27% -

    ()

    30 US$ 8,879 100.00% US$ 8,331

    - US$ 6,159 US$ 6,159

    CAMWELL MFG CO., LTD. - US$ 4,881 US$ 4,881

    - (US$ 553) (US$ 553)

    () - (US$ 194) (US$ 194)

    () 5,152 US$ 24,333 56.61% US$ 24,333

  • 103

    ()

    986 11,022$ - 11,774$

    4 44 - 45

    1 9 - 9

    250 US$ 250 - US$ 287

    73 68 - 73

    ()

    - US$ 8,024 - US$ 8,035

    ()

    - US$ 33,001 95.00% US$ 33,001

    () - US$ 1,981 38.21% US$ 1,981

    ()

    - 30,422 100.00% 30,422

    () - 235 235

    () - 29,921 0.5179 29,921

    ()

    2,096 2,000 - 2,096

    ()

  • 104

    4.

    () () () () ()

    :

    () 6,935 82,295$ 21,231 253,000$ 9,862)( 117,570$ 117,249)($ 321$ - -$ 18,304 218,046$

    () 5,965 89,953 28,044 423,700 26,266)( 396,900 396,592)( 308 - - 7,743 117,061

    () 29,195 462,113 8,904 142,000 31,946)( 509,785 506,471)( 3,314 - - 6,153 97,642

    () 4,469 68,690 37,192 572,700 35,844)( 552,000 551,754)( 246 - - 5,817 89,636

    () - - 31,535 435,360 26,899)( 371,430 371,332)( 98 - - 4,636 64,028

    () 3,446 37,971 108,147 1,197,470 105,949)( 1,173,273 1,172,888)( 385 - - 5,644 62,553

    () 3,167 36,077 41,079 469,420 39,880)( 455,807 455,575)( 232 - - 4,366 49,922

    ()

    ()

    5.

    6. 7.

    ()

    ( ) () ()

    2,247,507$ 55% 3 $ 287,008)($ (50%)

    ( ) (US$ 67,907) ( 100%) 3 US$ 8,887 100% () 24,676 12% 3 ( 22,208) (31%)

    ( ) ( 50,610) ( 13%) 3 () 50,610 100% 3

    ( ) ( 24,676) ( 25%) 3 22,208 88%

    (US)

    ( )

  • 105

    8. :

    () US$ 6,701 US$ US$ 47 US$ US$ 8,887 8.95 US$ US$ 5,671 US$

    () US$ 3,072 3.30 US$ US$ 1,470 US$ CAMWELL MFG CO., LTD. US$ 6,186 5.82 US$ US$ US$

    US$ 3,220 4.65 US$ US$ US$

    (US)

    9.

    (1)(2)

    ( )

    () / CNY 16,750 US$ 14 US$ 14 / USD 3,500 US$ 50 US$ 50

    / USD 6,000 ( 216) ( 216)

    (3)

    981231()US$8352

    981231()()

    (US)()

  • 106

    ( )

    (US)()

    (1)

    ( )

    ()

    ()

    () ROAD TOWN,TORTALA,BRITISH 371,833$ 371,833$ 120 100.00% 2,093,322$ 38,412$ 38,412$ VIRGIN ISLANDS

    JAKARTA UTARA-14140, 64,446 64,446 2,400 127,463 17,489 17,489 INDONESIA 26,144 26,144 2,800 30,003 1,525 1,525

    43,207 43,207 4,700 27.24% 45,962 13,080)( 3,563)(

    ( () US$ 9,000 US$ 9,000 30 100.00% US$ 8,879 (US$ 678) (2) ) US$ 4,500 US$ 4,500 US$ 6,159 US$ 152

    CAMWELL MFG CO., US$ 5,000 US$ 5,000 US$ 4,881 US$ 420 LTD. US$ 2,100 US$ 2,100 (US$ 553) (US$ 1,311) () US$ 500 US$ 500 (US$ 194) (US$ 130) () GEORGE TOWN, GRAND CAYMAN, US$ 5,152 US$ 5,152 5,152 56.61% US$ 24,333 US$ 4,892 CAYMAN ISLANDS,BRITISH WEST

    INDIESJORDAN DRAGON AL-TAJAMOUAT INDUSTRIAL US$ US$ 1,641 US$ 171 GARMENT INDUSTRY CITYAMMAN 11636 JORDAN CO., LTD.() NEW YORK,USA. US$ US$ 200 US$

    (98)

  • 107

    (US)()

    (1)

    ( )

    ()

    ()

    ( () US$ 4,445 US$ 4,445 95.00% US$ 33,001 US$ 4,636 (2) ) () US$ 650 US$ 650 38.21% US$ 1,981 US$ 760

    ( 500 500 100.00% 30,422 15,813 ) 1,000 1,000 235 ( 1,463)

    (3)() 26,296 - 51.79% 29,921 5,189

    (3)(2)(1)971231

    ( )

    1.

    ( 3)

    US$ 4,500 (2) US$ 3,000 US$ - US$ - US$ 3,000 100.00% US$ 152 US$ 6,159 US$ - (1)

    US$ 2,100 - - - - (US$ 1,311) (US$ 553) US$ - (4)

    () US$ 500 - - - - (US$ 130) (US$ 194) US$ - (5)() US$14,200 US$ 1,000 US$ - US$ - US$ 1,000 53.78% US$ 4,404 US$ 33,001 US$ - (6)() US$1,701 - - - - 49.48% US$ 605 US$ 6,364 US$ - (7) 500 - - - - 53.78% 15,813 30,422 -

    (8) 1,000 - - - - ( 1,463) 235 -

    (8)

    (98)

    (US)()

  • 108

    2.

    (US$ 13,168.1)(10)

    (6)US$9,300US$3,445()

    (11)

    (US$ 4,297.5)

    (4)()US$1,181

    $ 421,248(9)$ 137,477(9) 2,778,542$

    (11)60%()

    (3)

    (1)US$1,500()

    (2)

    (10)(90)90021723093016255095002843700950027443009600244050

    0960040754009700474600()()US$5,249.6

    US$3,621

    (7)()()

    (8)()

    (5)()

    (9)131.99

  • 109

    3.

    (1)

    (2)

    (3)

    (4)

    981231

    US 2,500

    (5)

    98.3.31 169 107$ -$

    98

    (6)

    %

    4,148$ 17

    107$ 1

    104,618$ 22

    98 12 31

    98

    313,165$

    10,000$

    37,493$

    31,560$

    2,315$

    1,000$

    ()

    ()

    ()

    98 97

    5,842,018$ 6,241,859$

    184,356 283,278 190,606 455,801

    6,216,980$ 6,980,938$

    9897

  • 110

    ()

    2,182,542$ 35 2,309,759$ 33

    1,210,443 19 1,014,941 14

    664,266 11 541,380 8

    4,057,251$ 65 3,866,080$ 55

    98 97

    9897

    10%

    ()

  • 111

    ()

  • 112

    (99) 09003480

    13.89% 13.04%

    24.45% 24.52%

    3,563

    2,342

    45,962 49,849

  • 113

    ()

    (96) 052

    4,042 0.03

    (84)() 29174 (82)() 44927

  • 98 97 12 31

    98 12 31 97 12 31 98 12 31 97 12 31 % % % %

    114

    1100 (()) $ 1,132,215 16 $ 1,132,961 16 2100 (()) $ 403,182 6 $ 539,042 8 1310 2180 (()) 1,137,538 16 988,907 14 (()) 6,131 - 1,122 - 1120 4,362 - 2,748 - 2120 6,564 - 26,600 - 1140 (()) 1,451,783 20 1,357,091 19 2140 898,271 12 768,561 11 1160 (()) 32,074 - 12,905 - 2160 (()) 127,634 2 43,463 1 1190 () 1,599 - - - 2170 353,686 5 334,006 5 120X (()()) 1,561,398 21 1,623,163 23 2210 128,363 2 103,806 1 1260 190,774 3 164,377 2 2260 32,749 - 106,605 1

    1286 (()) 2,058 - 1,734 - 2270 11XX 5,513,801 76 5,283,886 74 (()) 95,000 1 - - 21XX 2,051,580 28 1,923,205 27 1430 (()) 37,133 1 35,477 1 2420 (()) 200,000 3 295,000 4 1450 (()) 1,168 - 787 -

    1480 ( 2510 (()) 37,967 1 37,967 1 ()) 24,443 - 27,067 -

    1421 (()) 45,962 1 49,849 1 2810 (()) 122,565 2 99,251 1 14XX 108,706 2 113,180 2 2820 158,023 2 163,532 2 (()) 2860 (()) 35,507 - 51,513 1 28XX 316,095 4 314,296 4 1501 327,163 5 327,349 5 2XXX 2,605,642 36 2,570,468 36 1521 849,856 12 858,031 12 1531 526,408 7 556,208 8 1541 100,765 1 107,166 1 3110 (()) 1,468,220 20 1,398,305 20 1551 57,312 1 60,890 1 (()()) 1561 149,515 2 154,033 2 3211 434,338 6 434,338 6 1631 8,037 - 20,030 - 3213 323,192 5 323,192 4 1681 21,874 - 21,982 - 3270 3,516 - 3,516 -

    15X8 63,972 1 63,972 1 3280 70,461 1 69,540 1 15XY 2,104,902 29 2,169,661 30 (()()) 15X9 ( 855,234) ( 12) ( 793,360) ( 11) 3310 527,868 7 509,289 7 1599 ( 46,552) - ( 7,905) - 3350 1,081,318 15 1,031,818 14

    1670 168,452 2 122,792 2 15XX 1,371,568 19 1,491,188 21 3460 (()) 16,863 - 55,510 1 3450 (()) ( 1,692) - ( 2,073) - 1710 (()) 1,794 - 3,451 - 3420 73,674 1 132,515 2 1750 (()) 420 - 2,327 - 3430 ( 1770 (()) 1