Contents - MiTAC
Contents - MiTAC
Contents - MiTAC
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(8) Purchases or sales transactions with related parties exceeding $100,000 or 20 percent of capital for the year ended December 31, 2003:<br />
Transactions<br />
The reason and situation of<br />
having different transaction term<br />
between related parties and<br />
others Accounts & notes receivable (payable)<br />
The company<br />
Percentage of<br />
buying/selling Name of Relationship with the<br />
(purchase)<br />
Percentage of<br />
products related parties Company Purchase (Sales) Amount sales Credit Term Unit price Credit Term Balance account Note<br />
Silver Star MITAC SSDL’s parent<br />
Sales $17,451,606 73% Note 2 Note 3 Note 2 $1,113,368 45%<br />
Developments International company<br />
Ltd.<br />
Corp.<br />
〃 MITAC<br />
International<br />
Corp.<br />
〃 Purchase 285,919 1% Note 1 Note 3 Note 1 (529,284) 6%<br />
〃 MITAC<br />
Precision<br />
Technology<br />
Co., Ltd.<br />
Affiliated company Sales 252,985 - Note 2 Note 3 Note 2 7,422 -<br />
〃 〃 〃 Purchase 4,257,449 19% Note 1 Note 3 Note 1 (1,159,112) 12%<br />
〃 MITAC<br />
Technology<br />
Corp.<br />
〃 Sales 5,542,416 23% Note 2 Note 3 Note 2 429,153 17%<br />
〃 〃 〃 Purchase 192,004 1% Note 1 Note 3 Note 1 (190,436) 2%<br />
Note 1:The payment period is 150 days and 90 days after offsetting certain receivables and payables according to payment terms to overseas and domestic related<br />
parties, respectively. And the collection period of ordinary customers is approximately 90 days after shipping date.<br />
Note 2:The collection period is 150 days and 90 days after offsetting certain receivables and payables according to payment terms to overseas and domestic related<br />
parties, respectively. And the payment period of ordinary customers is approximately 90 days after purchase date.<br />
Note 3:The selling price to overseas related parties is based on market value. The selling price to domestic related parties is based on common domestic price.<br />
(9) Receivables from related parties totaling exceeding $100,000 or 20 percent of capital as of December 31, 2003:<br />
Balance of receivables from related party Overdue receivable<br />
Company Name<br />
Silver Star<br />
Developments Ltd.<br />
Name of the<br />
counter party<br />
MITAC<br />
International<br />
Corp.<br />
〃 MITAC<br />
Technology Corp.<br />
Relationship with<br />
the counter party<br />
The Company is<br />
SSDL’s parent<br />
company<br />
Affiliated<br />
company<br />
Accounts<br />
receivable<br />
Other receivables Total<br />
- 82 -<br />
Turnover rate<br />
(times)<br />
Amount Collection method<br />
Subsequent<br />
received amount<br />
Bad debt<br />
allowance<br />
provided<br />
$1,113,368 $35,537 $1,148,905 26.15 $ - N/A $1,059,767 $ -<br />
429,153 19,933 449,086 9.56 - 〃 - -