Powercom was founded in 1987 with the initial
capital amount of NT550,000 and now is having the total capital
amount more than USD 35,500,000. With 50% revenue growth in consecutive
three years and investment of NT 139,300,000 from China Development
Industrial Bank, the biggest industrial bank in Taiwan. Powercom
went public in Taiwan stock market since year 2000 & 2002
in 2 different stock markets in Taiwan.
On the financial management side of the
business, the company has chosen not to follow the typical accounting
practice of most local small and medium sized enterprises, which
keep two sets of books. Instead, Powercom has an accountant annually
check the inventory and certify the accuracy of the account books.
Another practice that is worth considering
for similarly sized corporations is Powercom's policy of running
operations entirely without debt.
Powercom's long-term development strategy
is to keep its base in Taiwan. Powercom's two major partners,
all of whom are involved in the company's Operations, are taking
the company forward one step at a time. And with the zero - debt
operations, Powercom can't not help but continue success. It is
therefore no wonder that the president, Mr. Simon Chang can confidently
express his expectation that Powercom will grow into NT$ 10 Billion
leader in the UPS local and global markets.
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