Letter To Shareholders - Mitac
Letter To Shareholders - Mitac
Letter To Shareholders - Mitac
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(7) Purchases or sales transactions with related parties exceeding $100,000 or 20 percent of capital for the year ended December 31, 2009:<br />
The company<br />
buying /selling<br />
products<br />
MiTAC<br />
International Corp.<br />
Transactions<br />
~144~<br />
Reason and situation of having different<br />
transaction terms between related parties<br />
Accounts and notes receivable<br />
(payable)<br />
Name of related<br />
parties<br />
Relationship with<br />
the counterparty<br />
Purchases /<br />
Sales Amount<br />
Percentage of<br />
purchase /<br />
sales Credit Term Unit price Credit Term Balance<br />
Percentage of<br />
account Footnote<br />
MiTAC Logistics Indirect investee Sales $5,765,895 10% Note 1 Note 2 Note 1 $1,123,386 8%<br />
Corporation company<br />
accounted for<br />
under the equity<br />
method.<br />
〃 MiTAC Digital<br />
Corporation<br />
〃 Sales 3,709,686 6% Note 1 〃 Note 1 3,370,378 24%<br />
〃 Mio Technology<br />
Benelux N.V.<br />
〃 Sales 1,184,338 2% Note 1 〃 Note 1 134,319 1%<br />
〃 Mio Technology<br />
〃 Sales 1,319,645 2% Note 1 〃 Note 1 623,765 4%<br />
UK LTd.<br />
〃 MiTAC Australia 〃 Sales 1,092,648 2% Note 1 〃 Note 1 725,893 5%<br />
Pty Ltd.<br />
〃 Mio Technology<br />
〃 Sales 264,896 0% Note 1 〃 Note 1 - -<br />
Ltd.<br />
〃 MiTAC<br />
〃 Purchases 5,962,607 12% Note 3 〃 Note 3 ( 2,486,416) 22%<br />
Computer<br />
(Kunshan) Co.,<br />
Ltd.<br />
〃 MiTAC<br />
〃 Purchases 1,650,922 3% Note 3 〃 Note 3 ( 447,141) 4%<br />
Computer<br />
(Shunde) Corp.<br />
〃 Pacific Metal<br />
〃 Purchases 2,929,345 6% Note 3 〃 Note 3 ( 574,091) 5%<br />
Developments<br />
Ltd.<br />
〃 MiTAC Japan<br />
〃 Purchases 119,085 0% Note 3 〃 Note 3 ( 21,518) 0%<br />
Corp.<br />
〃 Tyan Computer<br />
〃 Sales 1,232,138 2% Note 1 〃 Note 1 11,478 0%<br />
Corp.-USA<br />
〃 〃 〃 Purchases 478,594 1% Note 3 〃 Note 3 - -<br />
〃 Gemtek<br />
Board member of Sales 459,555 1% Note 1 〃 Note 1 86,085 1%<br />
Technology Co., Gemtek<br />
Ltd.<br />
〃<br />
〃<br />
〃<br />
〃<br />
Synnex<br />
Corporation<br />
Synnex<br />
Corporation<br />
Synnex<br />
Corporation(UK)<br />
Synnex<br />
Technology<br />
International<br />
(HK) Ltd.<br />
Indirect investee<br />
company<br />
accounted for<br />
under the equity<br />
method.<br />
Sales 8,394,729 14% Note 1 〃 Note 1 1,787,493 13%<br />
〃 Purchases 110,234 0% Note 3 〃 Note 3 - -<br />
〃 Sales 1,832,187 3% Note 1 〃 Note 1 659,873 5%<br />
〃 Purchases 378,838 1% Note 3 〃 Note 3 ( 92,705) 1%<br />
Note 1:The collection period is 150 days and 90 days after offsetting certain receivables and payables according to collection terms to overseas and domestic related parties,<br />
respectively. The collection period for regular customers is approximately 90 days after shipping date.<br />
Note 2:The selling price to related parties is based on market value.<br />
Note 3:The payment period is 150 days and 90 days after offsetting certain receivables and payables according to payment terms to overseas and domestic related parties,<br />
respectively. The payment period for regular suppliers is approximately 90 days after purchase date.
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