Company Details
	Global Identifier : P0342938 Country : Taiwan Company Name : ZEN-TEK ELECTRONICS LTD Operating Address : 7Fl, 43 Nanking East Rd Section 2 Chungshan Dist Taipei City 104 Tel : [+886] 2-26511515 Fax : [+886] 2-26511717 Email : fastape@zen-tek.com Website : www.zen-tek.com Primary Business Activity : Manufacturer Key Industry : Electronic Products & Components
	Key Facts
	Registered Legal Address : 7Fl, 43 Nanking East Rd Section 2 Chungshan Dist Taipei City 104 Operational Address : 7Fl, 43 Nanking East Rd Section 2 Chungshan Dist Taipei City 104 Trading Name / DBA : ZEN ZEN TEK TEK ZEN Previous Name : Company Name Date of Change ZEN-TEK LTD n/a License Number : 12345678 Date of Registration : 12 July, 1991 Issuing Authority : Ministry of Economic Affairs (MOEA) Legal Form : Private company with limited liability Operational Status of Business : Normal Employees : 500 Capital : US$ 3,981,337
	Credit Rating & Risk Analysis
	Risk Index : Low Credit Rating : Excellent   Points Allocated : 89       CREDIT ASSESSMENT FACTORS   ACP's Credit risk assessment is gauged on 12 key business factors.   Each factor is assigned a rating and the total is aggregated and weighed   in consideration of any other influencing factors relevant to the final assessment.       These factors include :    Financial Status    Profitability    Industry sector & trends    Principals    Litigation    Liabilities    Management    Scale of operations    Years in business & co history    Assets(real estate etc.)    Trade references & reputation    Family involvement & support
	Adverse Data
	Results : Total of  8  records found.     Dishonored Checks  (2) Debt  (2) Litigation  (1) Performance Defaults  (1) Adverse Press Coverage  (1) Former Company Relationships  (1)
	Financial Summary  (Currency: U.S. $'s)
	Year Sales Assets Net Income 2003 $789,588,379.47 $1,558,807,439.45 $81,854,555.94 2004 $1,052,903,308.27 $1,755,945,293.23 $128,787,278.20 2005 $1,361,060,568.72 $2,099,746,319.12 $260,470,837.28
	Recommended Credit Limit - Trade Finance
	Maximum Recommended Credit : USD 500,000.00  based on  90 days Comments : Estimated to be within the firm's current financial capabilities
	Management & Products
	Management : Mrs. Debbie Jing-sen Lin, Manager     Ms. Angel Mei-ling Wang, CEO     Mr. Bruce Wang, Chairman    Products : Capacitors     Electronic components     Electronic products     Fixed capacitors     IC (integrated circuits)
	Int´l Trade Activity  (Currency: U.S. $'s)
	Year Imports Exports Total 2003 $4,525,262.00 $710,629,541.52 $715,154,803.52 2004 $5,251,524.00 $947,612,977.44 $952,864,501.44 2005 $7,552,254.00 $1,224,954,511.85 $1,232,506,765.85
	Commercial Credit Inquiries
	Date of Inquiry Industry in which Inquirer Operates Credit Type (* / **) Credit Amount Period 9 Jan, 2004 Professional Services MRC USD 500,000.00 90 days Note: * MRC : Maximum Recommended Credit ** ISC : Inquirer Specified Credit

	Fullcheck Report Details

	Country : Taiwan Company Name : ZEN-TEK ELECTRONICS LTD Acronym : ZTE Primary Business Activity : Manufacturer Key Industry : Electronic Products & Components Office Contact Details Operating 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@zen-tek.com Web Site : www.zen-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 5065 Electronic Parts/Equip, NEC Manufacturing 3672 Printed circuit boards Manufacturing 3674 Semiconductors and related devices, and parts, nspf Manufacturing 3675 Electronic capacitors Manufacturing 3679 Electronic components, nspf

	HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
	Activity Code Product/Service Description Importing 8532 Electric capacitors, fixed, variable or adjustable (preset) Importing 8532290040 Fixed capacitors Importing 8532300090 Variable or adjustable capacitors Manufacturing 8534 Printed circuits Manufacturing 8542 Electronic integrated circuits & microassembl, parts

	DETAILED PRODUCT CLASSIFICATION & ACTIVITY
	Activity Product/Service Description Manufacturer IC (integrated circuits) Manufacturer IC's for control units Manufacturer Ics for control of magnetic Manufacturer PCB (printed circuit boards)

	OWNERSHIP
	Chairman : Dr. Louis Ming-li Chen Nationality : Taiwanese
	Direct / Indirect Corporate Parent Details
	Direct Parent : ZEN-TEK HOLDINGS CO LTD Global Identifier : P0342944 Country : Taiwan

	Brand DoorNet Brand ZAP

	COMPANY MANAGEMENT
	Management Listings
	Name Nationality Job Description Dept. / Division 1 Mrs. Debbie Jing-sen Lin Taiwanese Manager Finance 2 Ms. Angel Mei-ling Wang Taiwanese CEO - 3 Mr. Bruce Wang Taiwanese Chairman - 4 Mr. Osman Ding-men Tsai Taiwanese General Manager - 5 Mr. Ah-ming Tseng Taiwanese Managing Director -
	Management Details - 1 Personal Unique Identifier : MI01020983 Name : Mrs. Debbie Jing-sen Lin Sex : F Email : debbiejing.lin@zen-tek.com Born : 10 July, 1966 Registered address : 28Fl, 88 Chung Shan North Rd Section 3 Chungshan Dist Taipei City Chungshan Dist 104 Country of Residence : Taiwan Languages spoken : English, Hindi Other Positions Country Company name Position USA JACQ SAMPLE Company Director Philippines LANI SAMPLE Company Director
	Management Details - 2 Personal Unique Identifier : MI01158635 Name : Ms. Angel Mei-ling Wang Sex : F Email : angelmei_ling.wang@zen-tek.com Born : 20 January, 1964 Registered address : 8Fl, 188 Chung Hsiao East Rd Ta-an Dist Taipei City Ta-an Dist 106 Country of Residence : Taiwan Languages spoken : English, Mandarin Other Positions Country Company name Position Oman MERVIN OMAN SAMPLE 3 Company Director Philippines MIKEL SAMPLE Company Director
	Management Details - 3 Personal Unique Identifier : MI01751061 Name : Mr. Bruce Wang Sex : M
	Management Details - 4 Personal Unique Identifier : MI01158633 Name : Mr. Osman Ding-men Tsai Sex : M
	Management Details - 5 Personal Unique Identifier : MI01020987 Name : Mr. Ah-ming Tseng Sex : M

	FINANCIALS SUMMARY (Currency: U.S. $'s)
	Year Sales Assets Net Income 1998 $70,125,042.00 $75,123,937.00 $1,715,000.00 1999 $80,100,203.00 $76,104,734.00 $1,375,600.00 2000 $103,354,454.00 $78,123,123.00 $1,334,000.00 2001 $479,698,026.70 $1,258,465,148.00 -$34,335,780.62 2002 $640,946,536.36 $1,326,760,103.48 $12,221,759.13

	FINANCIAL & LEGAL STATUS

*Financial History* ============== 1995                        -  Invested heavily into two other subsidiaries in Taiwan. The levels of investment into the                                    two other subsidiaries represented a total of US$52.8 million. 1998                        -   A foreign exchange loss of NTD 180 million during the first half of the year  is believed to                                     be caused by the eurobonds issued. The company also accrues interest expense                                     of NTD 156 million annually on the bonds. 2000                        -  Sales accounted for 20.4 of Taiwan's, and 4.8% of the global contract IC packaging market. 1 May, 2002           -   Reported first-quarter profit fell 60% as falling demand prompted the firm to cut prices. *Financials* =========== Balance Sheet Currency          : NTD Denomination : In Thousands                                                                      2001                   2002                   2003                   2004                   2005                                                       ----------------------   ------------------   ------------------   ------------------   ------------------ Current Assets                                       11,790,078         11,566,030         19,186,997         20,511,326         24,949,443 Funds & long-term investments            7,344,467           8,915,038           8,955,822           9,026,352           9,700,714 Property                                                   22,662,352         23,709,933         23,703,576         26,292,471         29,138,827 Other Assets                                             1,569,812           1,966,983           2,213,047           2,555,032           2,667,987 Total Assets                                            43,366,709         46,157,984         54,059,442         58,385,181         66,456,971 Current Liabilities  (Before)                     5,857,485           5,867,635         15,933,507           8,529,063         10,754,796                                  (After)                        5,857,485           5,867,635         16,727,400         10,362,590         10,754,796 Long-term Liabilities                               10,639,500         14,080,073           8,421,641         16,331,434         14,643,600 Other Liabilities                                              29,150                31,724                  6,085                31,641              233,568 Total Liabilities (Before)                        16,526,135         19,979,432         24,361,233         24,892,138           5,631,964                             (After)                           16,526,135         19,979,432         25,155,126         26,725,665         25,631,964 Common Stock                                        18,851,737         18,851,737         18,851,737         21,050,731         23,289,193 Capital Reserve                                         8,087,905           8,087,113           8,099,110           8,305,832           8,853,379 Retained Earnings (Before)                        424,495              849,690           3,688,406           5,071,717           9,561,191                                  (After)                           424,495              849,690              789,540           1,361,637           9,561,191 Total Shareholder's Equity (Before)     26,840,574         26,178,552         29,698,209         33,493,043         40,825,077                                                 (After)       26,840,574         26,178,552         28,904,316         31,659,516         40,825,077 Income Statement Currency          : NTD Denomination : In Thousands                                                                         2001                   2002                   2003                   2004                   2005                                                        ----------------------   ------------------   ------------------   ------------------   ------------------ Operating Revenue                                16,530,394         22,298,530         27,382,925         35,009,035         43,077,567 Gross Profit                                               1,420,893           2,088,595           4,149,158           6,452,877           9,604,048 Operating Income                                         23,454              554,282           2,578,285           4,431,872           7,354,945 Non-operating Income                               601,560              510,639              635,511              892,650           1,116,504 Non-operating Expense                         (2,098,088)           (788,356)         (1,016,112)        (1,503,060)           (875,048) Net Income                                              (1,183,211)             425,195           2,838,716           4,282,177           8,243,902 Earnings (losses) per share                        (0.53)                   0.19                   1.30                     1.93                    3.59 *Bank Details* ============= (1) Bank name            : ABN-AMRO BANK NV Account number : 88811223344 Branch                  : 2Fl, 49 Ming Sheng East Rd Section 2 Swift_Code          : ABNATWTP (2) Bank name            : BANK OF TAIWAN Account number : 99988877722 Branch                  : 58 Chung Chin South Rd Section 1 Swift_Code          : BKTWTWTP (3) Bank Name          : CHIAO TUNG BANK CO LTD Branch Address : 91 Heng Yang Rd Chungcheng Dist Taipei City 100 (Head Office)  SWIFT Code       : BKCMTWTP *Payment Terms* ============= Sales ------ Local   : Cash on delivery (COD)                30-60 days credit Export : Letter of Credit (L/C)               Documents against Acceptance (D/A) Purchases -------------- Local    : Cash on delivery (COD)                 30-60 days credit Import  : Letter of Credit (L/C)                Documents against Acceptance (D/A) *Company Registration* =================== License number     : 12345678 Date issued            : 12 July, 1991 Issuing authority  : Ministry of Economic Affairs Type of license     : Manufacturing, assembly, importation of electronic components and assembly. *Industry Ranking* ================ Considered to be one of Taiwan's largest PCB assemblers. *Accountants* ============ T NXSONIC & CO *Auditors* ========= T NX SONIC & CO *Company Name* ============= Incorporated as           : PROPSEROUXX ELECTRICAL CORP Date of incorporation : 10 October, 1994 Changed name to        : ZEN-TEK ELECTRONICS LTD Date of change            : August 1996 *Financial Ratios* ==============                                                                             2001                   2002                   2003                   2004                   2005                                                        ----------------------   ------------------   ------------------   ------------------   ------------------ Ratio of liabilities to assets %            38.11                    43.28                  45.06                   42.63                 38.57 Ratio of long-term capital to    fixed Assets %                                   165.38                  169.80                160.82                 189.50               190.36 Current ratio %                                      201.28                  197.12                120.42                 240.49               231.98 Quick ratio %                                         177.32                  172.44                108.25                 216.93               205.94 Interest coverage                                     (1.24)                     1.46                   6.37                    11.94                34.99 Turnover of receivable (times)                4.24                      5.42                   5.61                      6.23                  5.60 Average collection period    of receivable                                         86.00                    67.00                  65.00                   59.00                65.00 Turnover of inventories (times)              9.21                    12.95                  13.40                   14.57                13.94 Turnover of expense (times)                 12.17                    14.78                  10.24                   10.94                  9.46 Average days of sales                            40.00                   28.00                   27.00                  25.00                 26.00 Turnover of fixed assets (times)             0.75                      0.96                    1.16                     1.40                  1.55 Turnover of total assets (times)             0.39                      0.50                     0.55                     0.62                   0.69 Return on total assets %                        (1.24)                     1.82                    6.22                    8.07                 13.47 Return on shareholder's Equity %       (4.28)                     1.60                   10.16                   13.55                 22.19 Operating Income                                     0.12                      2.94                   13.68                    21.05                31.58 Net Income before tax                             (7.81)                    1.47                   11.66                   18.15                 35.41 Profit margin %                                        (7.16)                     1.91                  10.37                   12.23                 19.14 Retroactive                                               (0.53 )                    0.19                    1.30                     1.93                   3.59 Cash flows ratio %                                 84.38                     85.21                  51.00                 102.72               121.72 Cash flows adequacy %                       79.23                     55.99                   91.01                  94.82               107.55 Cash reinvestment ratio %                       9.9                       9.19                  14.59                   11.63                 14.50 Degree of operating leverage              339.82                   18.25                    5.00                      3.84                   2.91 Degree of financial leverage                      -                       16.71                    1.17                      1.08                  1.03 *Financial Structure* ================ Overview of  Turnover as per Division: --------------------------------------------------- PCB Division Year                    Turnover (NT$'000)              Growth (%) ------                    --------------------------              --------------- 2000                                1,678,311                            48 2001                                2,517,312                            50 2002                                3,774,276                            50 Components Division Year                   Turnover (NT$'000)              Growth (%) -------                  -------------------------              --------------- 2000                               2,471,434                          7 2001                               1,849,386                       -25 2002                               1,863,765                          8 CDS Division Year                    Turnover (NT$'000)              Growth (%) -------                   --------------------------              --------------- 2000                                   285,263                         52 2001                                   393,872                         38 2002                                   415,442                         55

	OTHER LICENSE
	License Number : 987654321 Date of Registration : 1 January, 2008 Issuing Authority : Bureau of Economic Affairs   License Number : 8585828 Date of Registration : 2 January, 2008 Issuing Authority : Ministry of Finance

	ADVERSE DATA MONITORING

DISHONORED CHECKS 2 Records Found Dishonored Checks ( 1 ) Country : Taiwan Bank : BANK OF TAIWAN Date : 9 November, 2001 Amount : NT$ 26 mill ~ NT$ 50 mill Reason : Insufficient Funds Summary : Although the check issued was dishonored at the time of submission to the bank, ZEN-TEK paid the face value of the check on 14 December, 2001. Dishonored Checks ( 2 ) Country : Taiwan Bank : INTERNATIONAL BANK OF TAIPEI (TAIPEI BUSINESS BANK) Date : 20 January, 2002 Amount : NT$ 2 mill ~ NT$ 5 mill Reason : Insufficient Funds DEBT 2 Records Found Debt ( 1 ) Country : Hong Kong Amount : HK$ 9K ~ HK$ 78K Debt Date : 12 March, 2001 Type : Services rendered Reason : Reason not stated Settlement of Debt : No known settlement yet Debt ( 2 ) Country : Australia Amount : AUS$ 21K ~ AUS$ 200K Debt Date : 31 January, 2003 Type : Goods delivered Reason : Delayed payments Settlement of Debt : yes Period Owed : 60-days Statement Date : 5 April, 2003 LITIGATION 1 Record Found Litigation ( 1 )     Position : Defendant Other Parties Involved : Position Country Party's Name Defendant Philippines NATIONAL IRRIGATION INC Plaintiff Philippines ABC DEVELOPMENT CORP Case Issue : ABC DEVELOPMENT CORP filed a case against ZEN-TEK ELECTRONICS and NATIONAL IRRIGATION INC, a 51%-owned company by ZEN-TEK. It is claimed that ZEN-TEK intentionally misled ABC DEVELOPMENT into believing that ZEN-TEK owned copyright over selected IP. As a result ABC DEVELOPMENT incurred losses totalling US$3 million for which they are seeking settlement. Court : High Court, Taiwan Date Commenced : 11 March, 2003 Status : Pending PERFORMANCE DEFAULTS 1 Record Found Performance Defaults ( 1 ) Type : Failure to fulfill commercial contract Date : 12 December, 2000 Contract Amount : Won 101 bill + Country : South Korea Organization : ANGEL BANK, THE Summary : ZEN-TEK failed to supply the stipulated services for the first year of its contract. Party/ies involved : Country Company Philippines JACQ SAMPLE USA JACQ SAMPLE ADVERSE PRESS COVERAGE 1 Record Found Adverse Press Coverage ( 1 ) Country : Taiwan Newspaper : China Daily News Date : 15 April, 1999 Title : Recent staff cutbacks of 40% Summary : As a result of severe drop in overseas orders from the USA and Europe, the company has had no other choice but to reduce staff levels in both production and administration sections. FORMER COMPANY RELATIONSHIPS 1 Record Found Former Company Relationships ( 1 ) First name/Surname : Bruce    Wang Present Position : Chairman Former Position : Director Former Company : CHIEN TA STEEL CO LTD Country : Taiwan Status : License terminated & ceased operations Date : 11 June, 2002 Reason : Financial distress Associated Problem : Debt

	BANK DETAILS
	Bank Name : ABN-AMRO BANK NV Global Identifier : 31533882 Branch : Chungshan Dist,Taipei City Branch Address : 2Fl, 49 Ming Sheng East Rd Section 2 Account No. : 88811223344 SWIFT Code : ABNATWTP   Bank Name : BANK OF TAIWAN Global Identifier : 31534064 Branch : Chungcheng Dist,Taipei City Branch Address : 58 Chung Chin South Rd Section 1 Account No. : 99988877722 SWIFT Code : BKTWTWTP   Bank Name : CHIAO TUNG BANK CO LTD Global Identifier : 31534573 Branch : Chungcheng Dist,Taipei City Branch Address : 91 Heng Yang Rd Chungcheng Dist Taipei City 100 (Head Office) SWIFT Code : BKCMTWTP

	LOCAL BRANCHES & MANAGEMENT
	Branch : ZEN-TEK ELECTRONICS LTD - SHIHLIN DIST Branch Address : 1Fl, 56 Chung Shan North Rd Section 5 Shihlin Dist, Taipei City, 111 Branch Tel : [+886] 2-28736678 Branch Fax : [+886] 2-28736678 Branch Email : trendectshil@mail.com Branch Employees : 10 Branch Management Name Job Description Nationality Ms. Virginia Yates President American Mr. Joe Chen Managing Director Taiwanese Mr. Ke-pei Meng Manager Taiwanese     Branch : ZEN-TEK ELECTRONICS LTD - HSIN-I DIST Branch Address : 2Fl, 167 Chung Hsiao East Rd Hsin-i Dist, Taipei City, 110 Branch Tel : [+886] 2-23565667 Branch Fax : [+886] 2-23569876 Branch Email : trendectshil@mail.com Branch Employees : 15 Branch Management Name Job Description Nationality Mr. Harry Henderson Vice President Australian Mr. Fred Lee Treasurer Taiwanese

	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* =================================== ZEN-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 estimated land size above. Location               :  Same location as above. *Production Capacity* ================== Based on standard multi-layer PCB's, the factory is currently able to produce 200,000 boards per month based on two 8 hour production shifts per day.

	ORGANIZATION STRUCTURE

*Corporate & Organization Structure* ==============================                                                              Board of Directors                                                                                                                                                                |                                                                                                                                                                                |                                                                       Chairman                                                                                                                                                                             |                                                                                                                                 |                                                                                |                                                                                                                                             General Manager                                                                                                                                                                         |                                                                                |                                                                                                                  ------------------------------------------------------------                                                                                                        |                          |                               |                      |                                                                                                 Production         Personnel            Marketing       Finance                             Department         Department         Department     Department                                     |                                                         |                                                                                            Includes :                                          Includes :                                                                                                                     Manufacturing                                 Sales                                                                                                                            Quality Control                                Marketing *Company History* =============== 1994  -  Started operation of Hsin-i Dist branch office. 1995  -  Started operation of Shihlin Dist branch office. 2000  -  Affiliate with TRENDECT (CHINA) CO *Key Personnel* ============== (1) Mr. Louis Ming-li Chen  (Also known as Ah ming Chen) Founder                            : Sole founder Age                                   : 55 years Education                         : Bachelor of Science at University of CKSC Qualification                    : Engineer, Architect Work experience             : 20 years Responsibilities              : Daily management of the firm and legal responsibility of all financial liabilities. Resident status               : Singapore Resident Status , but travels andresides in Taiwan regular basis. Previous experience       : Worked with ABCX  (TAIWAN) LTD for 5 years. Immediate support staff : Supported by Mr. Edward Choi Other position                 : President of ABBX  (THAILAND) (2) Mrs. Debbie Jing-sen Lin Date of birth               : 10 July, 1966 E-mail                           : debbiejing.lin@zen-tek.com Address                      : 28Fl, 88 Chung Shan North Rd Section 3, Chungshan Dist, Taipei City, 104 Taiwan Other position            : Director of the following companies :                                            - JACQ SAMPLE - USA                                             -  LANI SAMPLE - Philippines (3) Ms. Angel Mei-ling Wang Date of birth               : 20 January, 1964 E-mail                           : angelmei_ling.wang@zen-tek.com Address                      : 8Fl, 188 Chung Hsiao East Rd, Ta-an Dist, Taipei City, 106 Taiwan Other position            : Director of the following companies :                                            - MERVIN OMAN SAMPLE 3 - Oman                                             - MIKEL SAMPLE - Philippines *Office & Facilities* =============== Size                        :  230 sq. meters Location               : Commercial area Facilities               : Modern and computerized. Description          : Well decorated and professionally layout. Property status   : Rented Type of Building : 12-storey office building Comments             : Office space shared with another company listed as  ABC MFG LTD.Relationship with                                   ABC MFG LTD unknown.

	TRADE REFERENCES

*Domestic Customers* ================== Sales of IT products to local electronic companies manufacturers as followed: - TAIWAN ELECTRONIC SCREEN CO LTD - KOKOS PLASMA SCREEN MFG CO LTD *Associations* =========== Member of : - Taiwan Electronics Association *Competitors* =========== The following four (4) locally based companies supply an identical range of products : 1.  ABC COMPUTERS LTD 2.  CCC INFORMATION CORP 3.  DDD PC CO LTD 4.  Z-BASE ELECTRONICS INC

	RELATED PARTIES(Subsidiaries , Joint-ventures & Affiliates)
	Company Name : HEAVEN POLYPROPYLENE CO LTD Global Identifier : P0342945 Address : 8Fl Taiwan Cement Bldg 113 Chung Shan North Rd Section 2 Chungshan Dist Taipei City 104 Taiwan Country : Taiwan Relationship : Subsidiary Legal Form : Public Listed Company Company Type : Manufacturer Industry : Plastics & Products   Company Name : HECTOR LAMINATES CORP Global Identifier : P0342948 Address : 18Fl Victory Tower 180 Chung Shan Rd Chungshan Dist Taipei City 104 Taiwan Country : Taiwan Relationship : Joint-Venture Legal Form : Private company with limited liability Company Type : Manufacturer Industry : Plastics & Products   Company Name : NATIONAL IRRIGATION INC Global Identifier : P0915845 Country : Philippines Relationship : Subsidiary Legal Form : Unknown Company Type : Service Industry : Agricultural Products   Company Name : ZEN-TEK ELECTRONICS (CHINA) CO LTD Global Identifier : P0891268 Address : 3Fl Zhong Hui Mansion 16 He Nan Rd South Pudong Dist Shanghai 200002 China Country : China Relationship : Subsidiary Legal Form : Private company with limited liability Company Type : Manufacturer Industry : Electronic Products & Components   Company Name : ZEN-TEK ELECTRONICS DEUTSCHLAND GMBH Global Identifier : P0868218 Address : Schloss Strasse 1 Eislingen 73054 Germany Country : Germany Relationship : Subsidiary Legal Form : Private company with limited liability Company Type : Trader Industry : Electronic Products & Components

	RELATED PARTIES DESCRIPTION

*Subsidiaries, Joint-ventures & Affiliates* ================================= Joint-ventures -------------------- HECTOR LAMINATES CORP This is a joint-venture between the following companies: - WESTS COAST IMPORTS INC - ZEN-TEK ELECTRONICS LTD *Major Shareholders* =================== Total number of shareholders : 3 Total number of shares            : 10,000,000 Shareholders' Name                                              No. of Shares       Amount of shares (NTD)          % of Shares ---------------------------                                             ------------------        ----------------------------------        ----------------   ZEN-TEK HOLDINGS CO LTD                               8,000,000                    80,000,000.00                              80.00 TREND-X (CHINA) CO                                            1,000,000                    10,000,000.00                              10.00 Ms. Lily Chang                                                          1,000,000                    10,000,000.00                              10.00 *Directors' Details* =============== (1) Ms. Julie Hock-sum Chen Date of birth               : 13 October, 1962 Email                            : juliehock_sum.chen@zen-tek.com Address                      : 18Fl Victory Tower 180 Chung Shan Rd, Chungshan Dist, Taipei City, 104 Taiwan Other position            : Director, SAMPLE COMPANY - India  (2) Mr. Sen-bing Lim Date of birth                : 11 July, 1971 Mobile no.                   : 1-88888888 Tel                                 : 3-98888888 Ext : 888 Email                             : Senbing.lim@zen-tek.com Passport no.                : 588888-88-8888 Address                       : 888 Jalan 4/22, Petaling Jaya, Selangor, 46000 Malaysia Date of Appointment : 12 October, 2005 Associations               : - Member, British Malaysia Chamber of Commerce                                          - Charter Member, Malaysian Institute of Accountants (3) Mr. Tin-lum Luk Date of birth                : 29 July, 1961 Email                             : tinlum.luk@zen-tek.com Education                    : -  Bachelor of Science, REGIS UNIVERSITY, USA ()                                         - Masteral Degree Business Administration, REGIS UNIVERSITY, USA () Address                      : 8888 North Sam Houston Highway, Houston, Texas USA Other position            : Director of the following companies :                                            - TRAINING SAMPLE CO LTD - Philippines                                             - WELLA SAMPLE - Taiwan  *Strategic Partners & Alliances* ======================= In 2002, the firm announced a strategic alliance with one of China's largest computer manufacturers. Alliance name       :  GX CHINAS ELECTRONICS GROUP OF COMPANIES Founder                 :  Unknown Holding company:  LUKSS CHOP INVESTMENTS LTD Country                 :  Hong Kong Group members    :  A consortium of large manufacturers in China, Hong Kong and Taiwan.

	SHAREHOLDERS
	Total number of shareholders : 3 Total number of shares : 10,000,000 No. Shareholders Country Shares Number Amount (NTD) % 1 ZEN-TEK HOLDINGS CO LTD Taiwan 8,000,000.00 80,000,000.00 80.00 2 Ms. Ms. Lily Chang Taiwan 1,000,000.00 10,000,000.00 10.00 3 TREND-X (CHINA) CO China 1,000,000.00 10,000,000.00 10.00 Currency : New Taiwan Dollars ("NTD") Today's Exchange rate : 1.00 NTD New Taiwan Dollars = 0.031056 USD United States Dollars

	COMPANY DIRECTORS
	1 Personal Unique Identifier : MI01158634 Name : Mr. Nai-jiu Bai Nationality : Taiwanese 2 Personal Unique Identifier : MI01020984 Name : Mr. Sen-bing Lim Date of Birth : 11 Jul, 1971 Nationality : Malaysian ID/Passport No. : 588888-88-8888 Registered Address : 888 Jalan 4/22 ,Petaling Jaya 46000 Country of Residence : Malaysia Date of Appointment : 12 Oct, 2005 3 Personal Unique Identifier : MI01020985 Name : Mr. Tin-lum Luk Date of Birth : 29 Jul, 1961 Nationality : American Registered Address : 8888 North Sam Houston Highway ,Houston Country of Residence : USA 4 Personal Unique Identifier : MI01020986 Name : Ms. Julie Hock-sum Chen Date of Birth : 13 Oct, 1962 Nationality : Taiwanese Registered Address : 18Fl Victory Tower 180 Chung Shan Rd ,Chungshan Dist ,Taipei City ,Chungshan Dist 104 Country of Residence : Taiwan 5 Global Identifier : P0363018 Name : ZENTEK TECHNOLOGY JAPAN INC Registered Address : 9Fl Chuo Bldg 2-1-2 Uchikanda ,Chiyoda-ku ,Tokyo 1010047 Country of Residence : Japan 6 Global Identifier : P0502740 Name : ZENTEK TECHNOLOGY SINGAPORE PTE LTD Registered Address : Cintech II Bldg 75 Science Park Drive #02-05 Country of Residence : Singapore

	IMPORTER AGENCY LISTING
	Supplier : DINJI ELECTRONICS CORP Global Identifier : P0342951 Country of Origin : USA Product Description : Ic (integrated circuits) For control of magnetic devices under 6 degrees cel Brand : DJ Year : 1993   Supplier : MAGIC CO LTD Global Identifier : P0342953 Country of Origin : USA Product Description : Ic's for control units Brand : MAGIC Year : 1994

	LOCAL DISTRIBUTION & WAREHOUSING

*Local Distribution Network* ===================== Approximately 10% of the annual turnover is attributed to local sales through medium sized wholesalers servicing the domestic electronics manufacturing market. Local sales network includes the following firms: 1. HYDROS ELECTRONICS CO 2. CHAN'SA COMPONENTS 3. DAZZLINGSS ITEMS  LTD *Warehousing Facilities* ================== All warehousing of IC's is maintained in ZEN-TEK's Taipei bonded warehouse.  ("Bonded" implying that all IC's are imported without import tax since the items are 100% exported or sold to government owned production plants).

	TRADE STATISTICS (Currency: U.S. $'s)
	Year Imports Exports Total 2000 $4,219,907.00 $93,019,008.60 $97,238,915.60 2001 $3,206,616.00 $431,728,224.03 $434,934,840.03 2002 $3,592,986.00 $576,851,882.72 $580,444,868.72

	INTERNATIONAL TRADE : ACTIVITY & MARKETS

Country / Region Main Trading Activity Asia / Pacific Exporting,Importing Europe Exporting,Importing Argentina Exporting Australia Exporting China Importing Germany Importing Philippines Exporting USA Exporting,Importing

	INTERNATIONAL TRADE ACTIVITY DESCRIPTION

*Export Markets* ============ 90% of the annual turnover is attributed to export to the following countries/region: Country           % of Exports -----------        ------------------ USA                       60 Hong Kong           20 Europe                   15 Australia                 5 *Overseas Customers* ================== Country                                      Company Name -----------                                      ---------------------- Philippines                                 JACQ SAMPLE Philippines                                 LANI SAMPLE Germany                                     MEGENE

	OVERSEAS SUPPLIERS
	Name Global Identifier Country ZEN-TEK ELECTRONICS (CHINA) CO LTD P0891268 China ZEN-TEK ELECTRONICS DEUTSCHLAND GMBH P0868218 Germany

	OVERSEAS CUSTOMERS
	Name Global Identifier Country MADEL CO LTD P0273545 Philippines

	DOMESTIC SUPPLIERS
	Name Global Identifier JACQ-SAMPLE CO LTD P0207873

	DOMESTIC CUSTOMERS
	Name Global Identifier HEAVEN POLYPROPYLENE CO LTD P0342945 HECTOR LAMINATES CORP P0342948

	OVERSEAS AGENTS AND DISTRIBUTORS
	Agent : MERVIN OMAN SAMPLE 3 Global Identifier : P0712176 Country of Origin : Oman Product Description : Electronic components Brand : Mervin Year : 2001   Agent : MERVIN UAE SAMPLE Global Identifier : P0764246 Country of Origin : United Arab Emirates Product Description : Electronic components Brand : MUS Year : 2001   Agent : JACQ SAMPLE Global Identifier : P0226700 Country of Origin : Philippines Product Description : Electronic products Brand : JS Year : 1999

*** End of Report on ZEN-TEK ELECTRONICS LTD ***

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