MIRA INFORM REPORT
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Report Date : |
04.11.2011 |
IDENTIFICATION DETAILS
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Name : |
SOLARTRON PUBLIC COMPANY LIMITED |
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Registered Office : |
1000/65-67, P.B. Tower, Floor 16, Sukhumvit 17 rd,, North Klongtan, Wattana, Bangkok, 10110 |
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Country : |
Thailand |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
12.11.1986 |
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Legal Form : |
Public Independent Company |
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Line of Business : |
manufacturer and distributor
of solar cells and solar applications |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Slow |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Thailand |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Solartron Public Company Limited
1000/65-67, P.B. Tower
Floor 16, Sukhumvit 17 rd,
North Klongtan, Wattana
Bangkok, 10110
Thailand
Tel: 66-2-3920224
Fax: 66-2-3812971
Web: www.solartron.co.th
Synthesis
Employees: 147
Company Type: Public Independent
Traded: Stock Exchange of Thailand (Bangkok): SOLAR
Incorporation Date:
12-Nov-1986
Auditor: ASV & Associates Limited
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2010
Reporting Currency: Thai Baht
Annual Sales: 7.7
1
Net Income: (1.3)
Total Assets: 40.6
2
Market Value: 20.0
(21-Oct-2011)
Business Description
Solartron Public
Company Limited is a Thailand-based manufacturer and distributor of solar cells
and solar applications. It operates in both government and private sector
projects locally and internationally. The Company offers turnkey services,
including survey, design, sizing, installation, commissioning, monitoring,
maintenance and after sale services. It has a solar technology center in
Pakchong district, Nakhonratchasima province. The Company produces and sells
various types of solar cells and installation equipment suitable for medium and
large scale solar power plants and industrial and residential uses. It provides
design and installation of solar application systems, including grid-connected
systems, water pumping system, street light systems, traffic light systems,
telecommunication systems, battery charging systems, home systems and water
drip irrigation systems. Its after-sale services include repair and maintenance
service, call center service and product training. For the six months ended 30
June 2011, Solartron PCL's total revenues rose from BAH47.4M to BAH866.9M. Net
income totaled BAH22.1M vs., a loss of BAH32.1M. Revenues reflect higher income
from sales of goods within installation services & construction & solar
power plant. Net income was partially offset by an increase in cost of goods
sold with installation services & construction of solar power plant and
higher interest expense.
Industry
Industry Semiconductors
ANZSIC 2006: 2429 - Other
Electronic Equipment Manufacturing
NACE 2002: 3210 - Manufacture
of electronic valves and tubes and other electronic components
NAICS 2002: 334413 -
Semiconductor and Related Device Manufacturing
UK SIC 2003: 3210 - Manufacture
of electronic valves and tubes and other electronic components
US SIC 1987: 3674 -
Semiconductors and Related Devices
Key Executives
|
Name |
Title |
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Patthama Wongthuaithong |
Chief Executive Officer, Company Secretary, Director |
|
Phawan Sayamchai |
Chief Operating Officer, Director |
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Isara Tawanchuli |
Assistant Chief Executive Officer of Special Projects |
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Patama Wongtoythong |
Deputy Chairman, Chief Executive Officer & Company Secretary |
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Somsak Kunchornyakhong |
Co-Chief Operating Officer |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
Equity Financing / Related |
1 |
Solartron Public Company Limited Increases Shares Through Exercise of
Convertible Debentures |
23-Aug-2011 |
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Equity Investments |
1 |
Value Capital Asset Management Pte. Ltd. Sells Stake in Solartron
Public Company Limited-Securities and Exchange Commission |
31-May-2011 |
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Debt Financing / Related |
8 |
Solartron Public Company Limited Issues New Convertible Debentures |
14-Sep-2011 |
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Dividends |
1 |
Solartron Public Company Limited Not to Pay FY 2010 Dividend |
28-Feb-2011 |
* number of significant developments within the last 12
months
News
|
Title |
Date |
|
Research
and Markets: Solar Photovoltaic (PV) Power Market Outlook in Thailand to 2020
- Capacity, Generation, Major Power Plants, Key Companies and Regulations |
10-Dec-2010 |
Financial Summary
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Stock Snapshot
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1 - Profit & Loss Item Exchange Rate: USD 1 = THB 31.72462
2 - Balance Sheet Item Exchange Rate: USD 1 = THB 30.145
Corporate Overview
Location
1000/65-67, P.B. Tower
Floor 16, Sukhumvit 17 rd,
North Klongtan, Wattana
Bangkok, 10110
Thailand
Tel: 66-2-3920224
Fax: 66-2-3812971
Web: www.solartron.co.th
Quote Symbol - Exchange
SOLAR - Stock
Exchange of Thailand (Bangkok)
Sales THB(mil): 243.6
Assets THB(mil): 1,222.8
Employees: 147
Fiscal Year End: 31-Dec-2010
Industry: Semiconductors
Incorporation Date: 12-Nov-1986
Company Type: Public Independent
Quoted Status: Quoted
Chief Executive Officer,
Company Secretary, Director: Patthama
Wongthuaithong
Company Web Links
· Company Contact/E-mail
· Corporate History/Profile
· Executives
· Financial Information
· Home Page
· Investor Relations
· News Releases
· Products/Services
Contents
· Industry Codes
· Business Description
· Financial Data
· Market Data
· Shareholders
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2429 - Other Electronic Equipment Manufacturing
3494 - Other Electrical and Electronic Goods Wholesaling
NACE 2002 Codes:
5186 - Wholesale of other electronic parts and equipment
3210 - Manufacture of electronic valves and tubes and other
electronic components
NAICS 2002 Codes:
334413 - Semiconductor and Related Device Manufacturing
423690 - Other Electronic Parts and Equipment Merchant Wholesalers
US SIC 1987:
3674 - Semiconductors and Related Devices
5065 - Electronic Parts and Equipment, Not Elsewhere Classified
UK SIC 2003:
5186 - Wholesale of other electronic parts and equipment
3210 - Manufacture of electronic valves and tubes and other
electronic components
Business
Description
Solartron Public
Company Limited is a Thailand-based manufacturer and distributor of solar cells
and solar applications. It operates in both government and private sector
projects locally and internationally. The Company offers turnkey services,
including survey, design, sizing, installation, commissioning, monitoring,
maintenance and after sale services. It has a solar technology center in
Pakchong district, Nakhonratchasima province. The Company produces and sells
various types of solar cells and installation equipment suitable for medium and
large scale solar power plants and industrial and residential uses. It provides
design and installation of solar application systems, including grid-connected
systems, water pumping system, street light systems, traffic light systems,
telecommunication systems, battery charging systems, home systems and water
drip irrigation systems. Its after-sale services include repair and maintenance
service, call center service and product training. For the six months ended 30
June 2011, Solartron PCL's total revenues rose from BAH47.4M to BAH866.9M. Net
income totaled BAH22.1M vs., a loss of BAH32.1M. Revenues reflect higher income
from sales of goods within installation services & construction & solar
power plant. Net income was partially offset by an increase in cost of goods
sold with installation services & construction of solar power plant and
higher interest expense.
More Business Descriptions
· Manufacture and sale of solar modules; supply of components for Photovoltaic systems and for rural electrification and rural development projects
· Solar/Thermal/Wind
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Executive report
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Board of
Directors |
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Chairman of the Executive Board, Director |
Chairman |
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Chairman of the Board |
Chairman |
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Chairman |
Chairman |
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Director, Independent Director |
Director/Board Member |
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Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Chief Operating Officer, Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Phasara_Taechanarong_ |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Director |
Director/Board Member |
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Chief Executive Officer, Company
Secretary, Director |
Director/Board Member |
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Executives |
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Chief Executive Officer, Company
Secretary, Director |
Chief Executive Officer |
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Deputy Chairman, Chief Executive Officer
& Company Secretary |
Chief Executive Officer |
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Managing Director of Finance and
Management |
Managing Director |
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Co-Chief Operating Officer |
Operations Executive |
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Chief Operating Officer, Director |
Operations Executive |
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Manager-Production |
Manufacturing Executive |
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Manager-Warehouse & Logistics |
Logistics Executive |
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Manager-Purchasing |
Purchasing Executive |
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Assistant Chief Executive Officer of
Special Projects |
Other |
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Significant
Developments
Solartron Public
Company Limited Issues New Convertible Debentures Sep 14, 2011
Solartron Public
Company Limited announced that the Company's Board of Directors and the
Executive Committee have approved the issuance and offering the 9th newly issue
Convertible Debentures to Value Capital Asset Management (VCAM) Singapore, Fund
Manager of Advance Opportunities Fund. The issuance and offering is made in SGD
currency at the amount of 10 Certificate Debentures, value each of SGD 50,000
aggregated at SGD 500,000 or THB 12 million (by calculating at the exchange
rate of THB 24 to SGD 1), with the term of three years and fixed interest rate
of 2% per annum. The issue date is September 14, 2011.
Solartron Public
Company Limited Issues New Convertible Debentures Aug 30, 2011
Solartron Public
Company Limited announced that on August 29, 2011, the Company's Board has
approved the issuance and offering the 8th newly issue Convertible Debentures
to Value Capital Asset Management (VCAM), Fund Manager of Advance Opportunities
Fund. The issuance and offering is made in SGD currency at the amount of 10
Certificate Debentures, value each of SGD 50,000 aggregated at SGD 500,000 or
THB 12 million (by calculating at the exchange rate of THB 24 to SGD 1), with
the term of three years and fixed interest rate of 2% per annum.
Solartron Public
Company Limited Increases Shares Through Exercise of Convertible Debentures Aug
23, 2011
Solartron Public
Company Limited announced that on August 23, 2011, the Company has been
informed by VCAM to exercise 10 Convertible Debenture Certificates which have
the principal amount of Conversion Ratio of THB 12,000,000 (SGD 500,000) and
the conversion price at THB 2.632, equivalent to the total newly issued share
reserved of 4,559,270.
Solartron Public
Company Limited Increase Shares Through Exercise of Convertible DebenturesAug
03, 2011
Solartron Public
Company Limited announced that the Company has been informed by VCAM to
exercise the Convertible Debentures at total number of 10 Certificates
Debentures, which have the principal amount of Conversion Ratio of THB
12,000,000 (SGD 500,000) and the conversion price at THB 2.768, equivalent to
the total newly issued share reserved of 4,335,260.
Solartron Public
Company Limited Issues New Convertible Debentures Aug 03, 2011
Solartron Public
Company Limited announced it has issued and offered 20 Certificate Debentures,
value each of SGD 50,000 aggregated at SGD 1,000,000 or THB 24 million (by
calculating at the exchange rate of THB 24 to SGD 1) to Value Capital Asset
Management (VCAM) in Singapore as of August 2, 2011. The term of Certificate
Debentures is three years with interest rate of 2% per annum.
Value Capital
Asset Management Pte. Ltd. Sells Stake in Solartron Public Company Limited-Securities
and Exchange Commission May 31, 2011
Securities and
Exchange Commission announced that Value Capital Asset Management Pte. Ltd. has
sold a 7.93% stake in Solartron Public Company Limited as of May 30, 2011.
After the transaction, Value Capital Asset Management Pte. Ltd. has no
investment in the Company.
Solartron Public
Company Limited Increases Shares Through Exercise Of Convertible Debentures May
25, 2011
Solartron Public
Company Limited announced that the Company has been informed by VCAM to
exercise the Convertible Debentures at total number of 40 Certificates
Debentures, which have the principal amount of Conversion Ratio of THB
48,000,000 (SGD 2,000,000) and the conversion price at THB 2.92, equivalent to
the total newly issued share reserved of 16,438,356
Solartron Public
Company Limited Increases Shares Through Exercise Of Convertible Debentures May
20, 2011
Solartron Public
Company Limited announced that the Company has been informed by VCAM to
exercise the Convertible Debentures at total number of nine Certificates
Debentures out of 10 which have the principal amount of Conversion Ratio of THB
10,800,000 (SGD450,000) and the conversion price at THB 2.4192, equivalent to
the total newly issued share reserved of 4,464,285.
Solartron Public
Company Limited Announces Progress of Debenture Offering May 19, 2011
Solartron Public
Company Limited announced that it has issued 10 convertible debentures at SGD
50,000 per debenture to Value Capital Asset Management (VCAM). The total
offering size is SGD 500,000 or approximately THB 12 million. The debentures
will mature in three years and bear interest rate of 2% per annum. The floating
conversion price is THB 2.4192 per share.
Solartron Public
Company Limited to Issue Debentures worth SGD 20 Million; to Issue Shares Mar
25, 2011
Solartron Public
Company Limited announced it is to issue and offer debentures worth SGD 20
million with a three-year term and an interest of 2% per annum. They will be
privately offered to non-Thai investors. It also announced it is to increase
its registered capital by THB 150 million by issuing shares of the same amount,
which will be reserved for the conversion of debentures.
Solartron Public
Company Limited Not to Pay FY 2010 Dividend Feb 28, 2011
Solartron Public
Company Limited announced that it will not distribute dividends for fiscal year
2010 due to its net loss.
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
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UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
Exchange Rate
(Period Average) |
31.724617 |
34.331774 |
33.367913 |
34.251325 |
37.915929 |
|
Auditor |
ASV &
Associates Limited |
ASV &
Associates Limited |
ASV &
Associates Limited |
Deloitte Touche
Tohmatsu |
Deloitte Touche
Tohmatsu |
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Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
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Net Sales |
7.7 |
3.5 |
12.7 |
3.2 |
28.8 |
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Revenue |
7.7 |
3.5 |
12.7 |
3.2 |
28.8 |
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Total Revenue |
7.7 |
3.5 |
12.7 |
3.2 |
28.8 |
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Cost of Revenue |
7.6 |
3.4 |
10.6 |
2.7 |
25.1 |
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Cost of Revenue, Total |
7.6 |
3.4 |
10.6 |
2.7 |
25.1 |
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Gross Profit |
0.1 |
0.1 |
2.1 |
0.5 |
3.7 |
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Selling/General/Administrative Expense |
1.2 |
3.0 |
1.6 |
3.1 |
2.5 |
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Labor & Related Expense |
0.0 |
0.0 |
0.5 |
0.1 |
0.1 |
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Total Selling/General/Administrative Expenses |
1.2 |
3.0 |
2.1 |
3.2 |
2.6 |
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Interest Income -
Operating |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.5 |
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Investment Income -
Operating |
0.0 |
-0.1 |
-0.1 |
0.0 |
0.0 |
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Interest/Investment Income - Operating |
0.0 |
-0.1 |
-0.2 |
-0.1 |
-0.5 |
|
Interest Expense (Income) - Net Operating Total |
0.0 |
-0.1 |
-0.2 |
-0.1 |
-0.5 |
|
Impairment-Assets Held for Use |
0.0 |
0.3 |
0.0 |
- |
- |
|
Unusual Expense (Income) |
0.0 |
0.3 |
0.0 |
- |
- |
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Other, Net |
0.1 |
0.2 |
0.0 |
0.0 |
0.0 |
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Other Operating Expenses, Total |
0.1 |
0.2 |
0.0 |
0.0 |
0.0 |
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Total Operating Expense |
8.9 |
6.8 |
12.5 |
5.7 |
27.1 |
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Operating Income |
-1.2 |
-3.3 |
0.2 |
-2.5 |
1.6 |
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Interest Expense -
Non-Operating |
-0.1 |
-0.1 |
-0.1 |
-0.2 |
-0.3 |
|
Interest Expense, Net Non-Operating |
-0.1 |
-0.1 |
-0.1 |
-0.2 |
-0.3 |
|
Interest Income (Expense) - Net Non-Operating Total |
-0.1 |
-0.1 |
-0.1 |
-0.2 |
-0.3 |
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Income Before Tax |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.4 |
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Total Income Tax |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income After Tax |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
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Net Income Before Extraord Items |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
Net Income |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
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Income Available to Common Excl Extraord Items |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
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Income Available to Common Incl Extraord Items |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
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|
Basic/Primary Weighted Average Shares |
300.0 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Basic EPS Excl Extraord Items |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Basic/Primary EPS Incl Extraord Items |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Dilution Adjustment |
0.0 |
0.0 |
- |
0.0 |
- |
|
Diluted Net Income |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
Diluted Weighted Average Shares |
300.0 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Diluted EPS Excl Extraord Items |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Diluted EPS Incl Extraord Items |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.9 |
|
Interest Expense, Supplemental |
0.1 |
0.1 |
0.1 |
0.2 |
0.3 |
|
Depreciation, Supplemental |
0.3 |
0.5 |
0.6 |
0.6 |
0.6 |
|
Total Special Items |
0.0 |
0.3 |
0.0 |
- |
- |
|
Normalized Income Before Tax |
-1.3 |
-3.1 |
0.1 |
-2.7 |
1.4 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.0 |
0.0 |
- |
- |
|
Inc Tax Ex Impact of Sp Items |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income After Tax |
-1.3 |
-3.1 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-1.3 |
-3.1 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Diluted Normalized EPS |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Amort of Intangibles, Supplemental |
0.0 |
0.0 |
0.0 |
- |
- |
|
Rental Expenses |
0.0 |
0.0 |
- |
- |
- |
|
Normalized EBIT |
-1.2 |
-3.1 |
0.0 |
-2.6 |
1.1 |
|
Normalized EBITDA |
-0.9 |
-2.6 |
0.6 |
-2.0 |
1.7 |
|
Defined Contribution Expense - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Pension Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
Exchange Rate |
30.145 |
33.34 |
34.78 |
33.685 |
36.15 |
|
Auditor |
ASV &
Associates Limited |
ASV &
Associates Limited |
ASV &
Associates Limited |
Deloitte Touche
Tohmatsu |
Deloitte Touche
Tohmatsu |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
0.3 |
0.0 |
0.1 |
1.1 |
9.3 |
|
Short Term Investments |
- |
0.0 |
1.0 |
- |
- |
|
Cash and Short Term Investments |
0.3 |
0.0 |
1.1 |
1.1 |
9.3 |
|
Accounts Receivable -
Trade, Gross |
5.2 |
3.6 |
4.5 |
1.8 |
8.9 |
|
Provision for Doubtful
Accounts |
-0.6 |
-1.2 |
-0.3 |
-0.5 |
0.0 |
|
Trade Accounts Receivable - Net |
5.1 |
2.4 |
4.1 |
1.3 |
8.9 |
|
Other Receivables |
0.2 |
0.1 |
0.2 |
0.1 |
2.6 |
|
Total Receivables, Net |
5.2 |
2.4 |
4.3 |
1.4 |
11.5 |
|
Inventories - Finished Goods |
8.3 |
1.0 |
2.7 |
4.7 |
4.3 |
|
Inventories - Work In Progress |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Inventories - Raw Materials |
1.9 |
1.9 |
0.5 |
3.0 |
1.8 |
|
Inventories - Other |
-0.1 |
0.0 |
0.0 |
7.8 |
2.6 |
|
Total Inventory |
10.1 |
2.9 |
3.3 |
15.5 |
8.7 |
|
Prepaid Expenses |
0.8 |
0.1 |
0.1 |
- |
- |
|
Restricted Cash - Current |
- |
- |
- |
0.0 |
0.4 |
|
Other Current Assets |
0.3 |
0.2 |
0.1 |
0.2 |
0.1 |
|
Other Current Assets, Total |
0.3 |
0.2 |
0.1 |
0.2 |
0.5 |
|
Total Current Assets |
16.8 |
5.6 |
8.9 |
18.2 |
30.0 |
|
|
|
|
|
|
|
|
Buildings |
1.4 |
1.3 |
0.7 |
0.8 |
0.7 |
|
Land/Improvements |
1.6 |
1.5 |
1.3 |
1.4 |
1.3 |
|
Machinery/Equipment |
3.7 |
3.2 |
2.7 |
2.8 |
2.7 |
|
Construction in
Progress |
5.0 |
4.5 |
4.5 |
3.7 |
0.3 |
|
Other
Property/Plant/Equipment |
1.3 |
1.2 |
- |
- |
- |
|
Property/Plant/Equipment - Gross |
13.0 |
11.6 |
9.3 |
8.6 |
5.0 |
|
Accumulated Depreciation |
-4.2 |
-3.5 |
-2.6 |
-2.2 |
-1.5 |
|
Property/Plant/Equipment - Net |
8.7 |
8.1 |
6.7 |
6.5 |
3.4 |
|
Intangibles, Net |
0.1 |
0.1 |
0.1 |
- |
- |
|
Deferred Charges |
0.6 |
0.5 |
- |
- |
- |
|
Restricted Cash - Long Term |
2.2 |
1.4 |
1.3 |
1.7 |
1.5 |
|
Other Long Term Assets |
12.2 |
11.0 |
11.0 |
2.1 |
0.0 |
|
Other Long Term Assets, Total |
15.0 |
12.9 |
12.4 |
3.8 |
1.6 |
|
Total Assets |
40.6 |
26.7 |
28.0 |
28.5 |
35.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
7.6 |
0.4 |
0.5 |
0.3 |
3.0 |
|
Accrued Expenses |
2.3 |
0.2 |
0.2 |
0.2 |
0.9 |
|
Notes Payable/Short Term Debt |
2.4 |
2.0 |
2.0 |
1.7 |
3.8 |
|
Current Portion - Long Term Debt/Capital Leases |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Customer Advances |
2.9 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Other Payables |
- |
- |
- |
- |
0.1 |
|
Other Current Liabilities |
0.1 |
0.0 |
0.0 |
0.1 |
0.3 |
|
Other Current liabilities, Total |
2.9 |
0.0 |
0.0 |
0.1 |
0.5 |
|
Total Current Liabilities |
15.3 |
2.6 |
2.7 |
2.4 |
8.2 |
|
|
|
|
|
|
|
|
Capital Lease Obligations |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Long Term Debt |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Debt |
2.6 |
2.0 |
2.0 |
1.8 |
4.0 |
|
|
|
|
|
|
|
|
Total Liabilities |
15.4 |
2.6 |
2.8 |
2.5 |
8.3 |
|
|
|
|
|
|
|
|
Common Stock |
10.0 |
9.0 |
8.6 |
8.9 |
8.3 |
|
Common Stock |
10.0 |
9.0 |
8.6 |
8.9 |
8.3 |
|
Additional Paid-In Capital |
13.5 |
12.2 |
11.7 |
12.1 |
11.3 |
|
Retained Earnings (Accumulated Deficit) |
0.4 |
1.6 |
4.9 |
5.0 |
7.2 |
|
Unrealized Gain (Loss) |
1.2 |
1.2 |
0.0 |
- |
- |
|
Total Equity |
25.1 |
24.0 |
25.2 |
26.0 |
26.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
40.6 |
26.7 |
28.0 |
28.5 |
35.0 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
300.0 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Total Common Shares Outstanding |
300.0 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Employees |
147 |
- |
- |
147 |
137 |
|
Deferred Revenue - Current |
2.9 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Interest Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
0.2 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Capital Lease Payments Due in Year 1 |
0.1 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Capital Lease Payments Due in Year 2 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in Year 3 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in Year 4 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in 2-3 Years |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Capital Lease Payments Due in 4-5 Years |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
Exchange Rate
(Period Average) |
31.724617 |
34.331774 |
33.367913 |
34.251325 |
37.915929 |
|
Auditor |
ASV &
Associates Limited |
ASV &
Associates Limited |
ASV &
Associates Limited |
Deloitte Touche
Tohmatsu |
Deloitte Touche
Tohmatsu |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
Depreciation |
0.3 |
0.5 |
0.6 |
0.6 |
0.6 |
|
Depreciation/Depletion |
0.3 |
0.5 |
0.6 |
0.6 |
0.6 |
|
Unusual Items |
0.1 |
0.4 |
0.0 |
0.0 |
0.2 |
|
Other Non-Cash Items |
-0.7 |
1.0 |
-0.1 |
0.6 |
0.0 |
|
Non-Cash Items |
-0.6 |
1.3 |
-0.1 |
0.7 |
0.3 |
|
Accounts Receivable |
-1.7 |
1.0 |
-2.8 |
10.2 |
-3.1 |
|
Inventories |
-6.7 |
0.0 |
4.1 |
-1.2 |
-0.9 |
|
Other Assets |
-0.7 |
0.1 |
-1.6 |
-2.1 |
0.1 |
|
Accounts Payable |
6.8 |
-0.1 |
0.0 |
-2.8 |
-0.8 |
|
Other Liabilities |
4.7 |
0.0 |
-0.2 |
-1.1 |
0.2 |
|
Other Operating Cash Flow |
-0.2 |
-0.1 |
-0.1 |
-0.2 |
0.0 |
|
Changes in Working Capital |
2.3 |
0.8 |
-0.5 |
2.8 |
-4.6 |
|
Cash from Operating Activities |
0.8 |
-0.7 |
0.1 |
1.5 |
-2.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-0.2 |
-0.3 |
-0.7 |
-3.4 |
-0.1 |
|
Capital Expenditures |
-0.2 |
-0.3 |
-0.7 |
-3.4 |
-0.1 |
|
Sale of Fixed Assets |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Sale/Maturity of Investment |
0.0 |
1.0 |
0.0 |
- |
- |
|
Investment, Net |
-0.7 |
0.0 |
0.3 |
- |
- |
|
Purchase of Investments |
- |
0.0 |
-0.9 |
- |
- |
|
Other Investing Cash Flow |
- |
0.0 |
0.0 |
-4.4 |
-1.0 |
|
Other Investing Cash Flow Items, Total |
-0.6 |
1.0 |
-0.6 |
-4.4 |
-1.0 |
|
Cash from Investing Activities |
-0.8 |
0.8 |
-1.4 |
-7.8 |
-1.1 |
|
|
|
|
|
|
|
|
Cash Dividends Paid - Common |
- |
- |
- |
0.0 |
-0.9 |
|
Total Cash Dividends Paid |
- |
- |
- |
0.0 |
-0.9 |
|
Sale/Issuance of
Common |
- |
- |
- |
- |
0.0 |
|
Common Stock, Net |
- |
- |
- |
- |
0.0 |
|
Issuance (Retirement) of Stock, Net |
- |
- |
- |
- |
0.0 |
|
Short Term Debt Issued |
0.7 |
0.1 |
0.3 |
- |
2.0 |
|
Short Term Debt
Reduction |
-0.5 |
-0.2 |
-0.1 |
-2.4 |
-0.2 |
|
Short Term Debt, Net |
0.2 |
-0.1 |
0.2 |
-2.4 |
1.8 |
|
Long Term Debt Issued |
0.1 |
0.0 |
0.0 |
- |
- |
|
Long Term Debt
Reduction |
- |
- |
- |
- |
0.0 |
|
Long Term Debt, Net |
0.1 |
0.0 |
0.0 |
- |
0.0 |
|
Issuance (Retirement) of Debt, Net |
0.4 |
-0.1 |
0.3 |
-2.4 |
1.8 |
|
Cash from Financing Activities |
0.4 |
-0.1 |
0.3 |
-2.4 |
1.0 |
|
|
|
|
|
|
|
|
Net Change in Cash |
0.3 |
-0.1 |
-1.0 |
-8.7 |
-2.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
0.0 |
0.1 |
1.1 |
9.8 |
11.4 |
|
Net Cash - Ending Balance |
0.3 |
0.0 |
0.1 |
1.1 |
8.9 |
|
Cash Interest Paid |
0.1 |
0.1 |
0.1 |
0.2 |
0.3 |
|
Cash Taxes Paid |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
|
|
© 1983-2011
Reuters Research Inc. All Rights Reserved. |
|
Published by
OneSource Information Services, Inc., November, 2011. |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
Exchange Rate
(Period Average) |
31.724617 |
34.331774 |
33.367913 |
34.251325 |
37.915929 |
|
Auditor |
ASV &
Associates Limited |
ASV &
Associates Limited |
ASV &
Associates Limited |
Deloitte Touche
Tohmatsu |
Deloitte Touche
Tohmatsu |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Revenues from Sales and Services |
0.6 |
1.8 |
9.8 |
0.4 |
1.2 |
|
Sales Together with Installation Service |
7.1 |
1.7 |
2.9 |
2.7 |
27.6 |
|
Total Revenue |
7.7 |
3.5 |
12.7 |
3.2 |
28.8 |
|
|
|
|
|
|
|
|
Interest Income |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.5 |
|
Gain on Exchange Rate |
0.0 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Other Revenues |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cost of Sales and Services |
0.7 |
1.7 |
7.9 |
0.4 |
0.7 |
|
Cost of Sales with Installation Service |
6.9 |
1.7 |
2.7 |
2.3 |
24.4 |
|
Selling and Administrative Expenses |
- |
- |
- |
- |
2.5 |
|
Good Returned |
0.0 |
0.0 |
- |
- |
- |
|
Selling Expenses |
0.4 |
0.6 |
0.4 |
0.6 |
- |
|
Administrative Expenses |
1.7 |
1.6 |
1.3 |
2.5 |
- |
|
Not-Full Normal Production Capacity Exp. |
0.1 |
0.2 |
0.1 |
- |
- |
|
Allow. for Doubtful Debts (Reversal) |
-0.9 |
0.9 |
-0.2 |
- |
- |
|
Loss on Impairment of Fixed Assets |
0.0 |
0.3 |
0.0 |
- |
- |
|
Directors' Remuneration |
0.0 |
0.0 |
0.5 |
0.1 |
0.1 |
|
Total Operating Expense |
8.9 |
6.8 |
12.5 |
5.7 |
27.1 |
|
|
|
|
|
|
|
|
Interest Expense |
-0.1 |
-0.1 |
-0.1 |
-0.2 |
-0.3 |
|
Net Income Before Taxes |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.4 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Income After Taxes |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Net Income Before Extra. Items |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
Net Income |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
300.0 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Basic EPS Including ExtraOrdinary Items |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Dilution Adjustment |
0.0 |
0.0 |
- |
0.0 |
- |
|
Diluted Net Income |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
Diluted Weighted Average Shares |
300.0 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Diluted EPS Excluding ExtraOrd Items |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Diluted EPS Including ExtraOrd Items |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
DPS-Ordinary Shares |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.9 |
|
Normalized Income Before Taxes |
-1.3 |
-3.1 |
0.1 |
-2.7 |
1.4 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income After Taxes |
-1.3 |
-3.1 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-1.3 |
-3.1 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Diluted Normalized EPS |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Interest Expense |
0.1 |
0.1 |
0.1 |
0.2 |
0.3 |
|
Depreciation |
0.3 |
0.5 |
0.6 |
0.6 |
0.6 |
|
Intangible Assets Amortization |
0.0 |
0.0 |
0.0 |
- |
- |
|
Warehouse Rent |
0.0 |
0.0 |
- |
- |
- |
|
Defined Contribution Expense-Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Pension Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
Exchange Rate |
30.145 |
33.34 |
34.78 |
33.685 |
36.15 |
|
Auditor |
ASV &
Associates Limited |
ASV &
Associates Limited |
ASV &
Associates Limited |
Deloitte Touche
Tohmatsu |
Deloitte Touche
Tohmatsu |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash and Cash in Bank |
0.3 |
0.0 |
0.1 |
1.1 |
9.3 |
|
Cash Deposits Used as Collateral |
- |
- |
- |
0.0 |
0.4 |
|
Current Investment |
- |
0.0 |
1.0 |
- |
- |
|
Trade Receivables- Other Companies |
5.2 |
3.6 |
4.5 |
1.8 |
8.9 |
|
Provision for Doubtful Debts |
-0.6 |
-1.2 |
-0.3 |
-0.5 |
0.0 |
|
Trade Receivables- Related Parties |
- |
- |
- |
- |
0.0 |
|
Unbilled receivables |
0.5 |
- |
- |
- |
- |
|
Retention Receivable |
0.2 |
0.0 |
0.0 |
0.0 |
2.5 |
|
Finished Goods |
1.1 |
0.9 |
2.7 |
4.7 |
4.1 |
|
Work in Process |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Raw Materials |
1.8 |
1.8 |
0.5 |
2.9 |
1.7 |
|
Spare Parts and Supplies |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Goods in Transit |
7.2 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Provision for Inventory |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Advance Paymenmt- Machine and Equip. |
- |
- |
- |
7.8 |
2.6 |
|
VAT Receivable |
0.0 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Other Receivable-Related |
- |
- |
- |
0.0 |
0.1 |
|
Other Receivables- Danida Project |
- |
0.0 |
0.1 |
- |
- |
|
Advance Payment |
0.8 |
0.1 |
0.1 |
- |
- |
|
Withholding Income Tax Deducted |
0.1 |
0.1 |
0.0 |
- |
- |
|
Other Current Assets |
0.2 |
0.1 |
0.1 |
0.2 |
0.1 |
|
Total Current Assets |
16.8 |
5.6 |
8.9 |
18.2 |
30.0 |
|
|
|
|
|
|
|
|
Fixed Deposit with Commitment |
2.2 |
1.4 |
1.3 |
1.7 |
1.5 |
|
Adance Payment |
8.7 |
7.9 |
7.6 |
- |
- |
|
Land and Land Improvement |
1.6 |
1.5 |
1.3 |
1.4 |
1.3 |
|
Buildings |
1.4 |
1.3 |
0.7 |
0.8 |
0.7 |
|
Machinery and Equipment |
1.7 |
1.6 |
1.5 |
1.5 |
1.4 |
|
Furnitures, Fixtures and Office Equip. |
1.1 |
1.0 |
0.6 |
0.6 |
0.5 |
|
Vehicles |
0.8 |
0.7 |
0.7 |
0.7 |
0.7 |
|
Construction in Progress |
5.0 |
4.5 |
4.5 |
3.7 |
0.3 |
|
Revaluation Surplus |
1.3 |
1.2 |
- |
- |
- |
|
Depreciation - Surplus on Revaluation |
-0.1 |
- |
- |
- |
- |
|
Allowance for impairment loss |
-0.4 |
-0.3 |
- |
- |
- |
|
Accumulated Depreciation |
-3.8 |
-3.2 |
-2.6 |
-2.2 |
-1.5 |
|
Computer Software |
0.0 |
0.0 |
0.0 |
- |
- |
|
Industrial Standard Certificate |
0.1 |
0.1 |
0.1 |
- |
- |
|
Advance payments for raw materials |
3.4 |
3.1 |
- |
- |
- |
|
Deferred Charges |
0.6 |
0.5 |
- |
- |
- |
|
Other Non-Current Assets |
0.0 |
0.0 |
3.5 |
2.1 |
0.0 |
|
Total Assets |
40.6 |
26.7 |
28.0 |
28.5 |
35.0 |
|
|
|
|
|
|
|
|
Bank Overdrafts and ST Loans |
2.3 |
1.9 |
2.0 |
1.7 |
3.8 |
|
ST Loan from Related |
0.1 |
0.1 |
0.0 |
- |
- |
|
Account Payable |
- |
- |
- |
0.0 |
0.2 |
|
Account Payable-Other |
7.4 |
0.2 |
0.3 |
0.3 |
2.8 |
|
Cur. Port. of Hire Purchase |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Accrued Interest Loans from Director |
- |
- |
- |
- |
0.2 |
|
Construction revenue recdived in advance |
2.7 |
- |
- |
- |
- |
|
Output VAT |
0.3 |
0.1 |
0.1 |
0.1 |
0.7 |
|
Other |
0.1 |
0.0 |
0.0 |
0.1 |
0.2 |
|
Accounts Payables - Construction |
0.2 |
0.2 |
0.2 |
0.1 |
- |
|
Other Accounts Payables - Other |
- |
- |
- |
- |
0.1 |
|
Other Accounts Payables - Related |
- |
0.0 |
0.0 |
0.0 |
- |
|
Advances Received frm Customers |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
VAT Payables |
- |
- |
- |
0.0 |
0.1 |
|
Accrued Expense |
2.0 |
0.1 |
0.1 |
0.2 |
- |
|
Total Current Liabilities |
15.3 |
2.6 |
2.7 |
2.4 |
8.2 |
|
|
|
|
|
|
|
|
LT Lease |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Long Term Debt |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
|
|
|
|
|
|
|
Total Liabilities |
15.4 |
2.6 |
2.8 |
2.5 |
8.3 |
|
|
|
|
|
|
|
|
Common Stock |
10.0 |
9.0 |
8.6 |
8.9 |
8.3 |
|
Paid-In Common Stocks |
13.5 |
12.2 |
11.7 |
12.1 |
11.3 |
|
Surplus on Revaluation of FIxed Assets |
1.2 |
1.2 |
0.0 |
- |
- |
|
Retained Earnings-Legal Reserve |
1.3 |
1.2 |
1.1 |
1.2 |
1.1 |
|
Retained Earnings-Unappropriated |
-0.9 |
0.4 |
3.8 |
3.8 |
6.1 |
|
Total Equity |
25.1 |
24.0 |
25.2 |
26.0 |
26.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
40.6 |
26.7 |
28.0 |
28.5 |
35.0 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
300.0 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Total Common Shares Outstanding |
300.0 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Construction revenue recdived in advance |
2.7 |
- |
- |
- |
- |
|
Advances Received frm Customers |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Full-Time Employees |
- |
- |
- |
147 |
137 |
|
Capital Lease Due Withing 1 Year |
0.1 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Capital Lease Due Within 4 Years |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Deferred Interest |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases |
0.2 |
0.0 |
0.1 |
0.1 |
0.1 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
Exchange Rate
(Period Average) |
31.724617 |
34.331774 |
33.367913 |
34.251325 |
37.915929 |
|
Auditor |
ASV &
Associates Limited |
ASV &
Associates Limited |
ASV &
Associates Limited |
Deloitte Touche
Tohmatsu |
Deloitte Touche
Tohmatsu |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
Depreciation |
0.3 |
0.5 |
0.6 |
0.6 |
0.6 |
|
Interest Expense |
0.1 |
0.1 |
0.1 |
0.2 |
- |
|
Unrealized Gain on Foreign Exchange |
0.0 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Prov. Obsolete Inventories |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Provision for Doubtful Debt |
-0.8 |
0.9 |
-0.2 |
0.5 |
0.0 |
|
Disposal of Property, Plant and Equip. |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Fixed Assets Written-Off |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Loss on Impairment of Fixed Asset |
0.0 |
0.3 |
0.0 |
- |
- |
|
Withholding Tax Written Off |
- |
- |
0.0 |
0.0 |
0.2 |
|
Allow. for Dim. in Value of Inventories |
0.1 |
0.0 |
0.0 |
- |
- |
|
Trade Account Receivables |
-1.1 |
1.0 |
-2.8 |
7.6 |
-4.7 |
|
Retention Receivables |
-0.2 |
0.0 |
0.0 |
2.6 |
1.5 |
|
Unbilled receivables |
-0.5 |
- |
- |
- |
- |
|
Inventories |
-6.7 |
0.0 |
4.1 |
-1.2 |
-0.9 |
|
Other Current Assets |
-0.7 |
0.1 |
-0.1 |
0.0 |
0.0 |
|
Other Non-Current Assets |
0.0 |
0.0 |
-1.5 |
-2.1 |
0.0 |
|
Trade Account Payables-Related |
- |
- |
- |
-2.8 |
-0.8 |
|
Trade Account Payables-Other |
6.8 |
-0.1 |
0.0 |
- |
- |
|
Construction revenue received in advance |
2.6 |
- |
- |
- |
- |
|
Other Current Liabilities |
2.1 |
0.0 |
-0.2 |
-1.1 |
0.2 |
|
Income Tax Paid |
-0.1 |
0.0 |
0.0 |
-0.2 |
0.0 |
|
Interest Paid |
-0.1 |
-0.1 |
-0.1 |
- |
- |
|
Cash Flow from Operation Activities |
- |
- |
- |
0.0 |
- |
|
Cash from Operating Activities |
0.8 |
-0.7 |
0.1 |
1.5 |
-2.4 |
|
|
|
|
|
|
|
|
Cash Deposits Used as Collateral |
- |
0.0 |
0.0 |
0.5 |
1.0 |
|
Restricted Cash Deposits |
- |
- |
- |
0.0 |
0.5 |
|
Increase in Curr. Investment |
- |
0.0 |
-0.9 |
- |
- |
|
Decrease in Curr. Investment |
0.0 |
1.0 |
0.0 |
- |
- |
|
Fixed Deposits |
-0.7 |
0.0 |
0.3 |
- |
- |
|
Advanced Payment- M&E |
- |
- |
0.0 |
-4.9 |
-2.5 |
|
Disposal of Fixed Asset |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Capital Expenditures |
-0.2 |
-0.3 |
-0.7 |
-3.4 |
-0.1 |
|
Cash from Investing Activities |
-0.8 |
0.8 |
-1.4 |
-7.8 |
-1.1 |
|
|
|
|
|
|
|
|
Bank Overdrafts and ST Loans |
0.2 |
0.0 |
0.3 |
- |
2.0 |
|
Decr Bank Overdraft and ST Loans |
- |
-0.1 |
0.0 |
-2.3 |
- |
|
ST Loans from Related |
0.5 |
0.1 |
0.0 |
- |
- |
|
Decr ST Loans from Related |
-0.5 |
- |
- |
- |
- |
|
Decr Liab. under HP Contracts |
0.0 |
0.0 |
-0.1 |
-0.1 |
-0.2 |
|
Increase in long-term finance leases |
0.1 |
- |
- |
- |
- |
|
LT Loans |
- |
0.0 |
0.0 |
- |
- |
|
Decr LT Loans |
- |
- |
- |
- |
0.0 |
|
Issue of Share Capital |
- |
- |
- |
- |
0.0 |
|
Dividend Paid |
- |
- |
- |
0.0 |
-0.9 |
|
Cash from Financing Activities |
0.4 |
-0.1 |
0.3 |
-2.4 |
1.0 |
|
|
|
|
|
|
|
|
Net Change in Cash |
0.3 |
-0.1 |
-1.0 |
-8.7 |
-2.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
0.0 |
0.1 |
1.1 |
9.8 |
11.4 |
|
Net Cash - Ending Balance |
0.3 |
0.0 |
0.1 |
1.1 |
8.9 |
|
Cash Interest Paid |
0.1 |
0.1 |
0.1 |
0.2 |
0.3 |
|
Cash Taxes Paid |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
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Annual Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
Exchange Rate
(Period Average) |
31.724617 |
34.331774 |
33.367913 |
34.251325 |
37.915929 |
|
Auditor |
ASV &
Associates Limited |
ASV &
Associates Limited |
ASV &
Associates Limited |
Deloitte Touche
Tohmatsu |
Deloitte Touche
Tohmatsu |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
7.7 |
3.5 |
12.7 |
3.2 |
28.8 |
|
Revenue |
7.7 |
3.5 |
12.7 |
3.2 |
28.8 |
|
Total Revenue |
7.7 |
3.5 |
12.7 |
3.2 |
28.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
7.6 |
3.4 |
10.6 |
2.7 |
25.1 |
|
Cost of Revenue, Total |
7.6 |
3.4 |
10.6 |
2.7 |
25.1 |
|
Gross Profit |
0.1 |
0.1 |
2.1 |
0.5 |
3.7 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
1.2 |
3.0 |
1.6 |
3.1 |
2.5 |
|
Labor & Related Expense |
0.0 |
0.0 |
0.5 |
0.1 |
0.1 |
|
Total Selling/General/Administrative Expenses |
1.2 |
3.0 |
2.1 |
3.2 |
2.6 |
|
Interest Income -
Operating |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.5 |
|
Investment Income -
Operating |
0.0 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Interest/Investment Income - Operating |
0.0 |
-0.1 |
-0.2 |
-0.1 |
-0.5 |
|
Interest Expense (Income) - Net Operating Total |
0.0 |
-0.1 |
-0.2 |
-0.1 |
-0.5 |
|
Impairment-Assets Held for Use |
0.0 |
0.3 |
0.0 |
- |
- |
|
Unusual Expense (Income) |
0.0 |
0.3 |
0.0 |
- |
- |
|
Other, Net |
0.1 |
0.2 |
0.0 |
0.0 |
0.0 |
|
Other Operating Expenses, Total |
0.1 |
0.2 |
0.0 |
0.0 |
0.0 |
|
Total Operating Expense |
8.9 |
6.8 |
12.5 |
5.7 |
27.1 |
|
|
|
|
|
|
|
|
Operating Income |
-1.2 |
-3.3 |
0.2 |
-2.5 |
1.6 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-0.1 |
-0.1 |
-0.1 |
-0.2 |
-0.3 |
|
Interest Expense, Net Non-Operating |
-0.1 |
-0.1 |
-0.1 |
-0.2 |
-0.3 |
|
Interest Income (Expense) - Net Non-Operating Total |
-0.1 |
-0.1 |
-0.1 |
-0.2 |
-0.3 |
|
Income Before Tax |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.4 |
|
|
|
|
|
|
|
|
Total Income Tax |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income After Tax |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Net Income Before Extraord Items |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
Net Income |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
300.0 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Basic EPS Excl Extraord Items |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Basic/Primary EPS Incl Extraord Items |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Dilution Adjustment |
0.0 |
0.0 |
- |
0.0 |
- |
|
Diluted Net Income |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
Diluted Weighted Average Shares |
300.0 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Diluted EPS Excl Extraord Items |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Diluted EPS Incl Extraord Items |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.9 |
|
Interest Expense, Supplemental |
0.1 |
0.1 |
0.1 |
0.2 |
0.3 |
|
Depreciation, Supplemental |
0.3 |
0.5 |
0.6 |
0.6 |
0.6 |
|
Total Special Items |
0.0 |
0.3 |
0.0 |
- |
- |
|
Normalized Income Before Tax |
-1.3 |
-3.1 |
0.1 |
-2.7 |
1.4 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.0 |
0.0 |
- |
- |
|
Inc Tax Ex Impact of Sp Items |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income After Tax |
-1.3 |
-3.1 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-1.3 |
-3.1 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Diluted Normalized EPS |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Amort of Intangibles, Supplemental |
0.0 |
0.0 |
0.0 |
- |
- |
|
Rental Expenses |
0.0 |
0.0 |
- |
- |
- |
|
Normalized EBIT |
-1.2 |
-3.1 |
0.0 |
-2.6 |
1.1 |
|
Normalized EBITDA |
-0.9 |
-2.6 |
0.6 |
-2.0 |
1.7 |
|
Defined Contribution Expense - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Pension Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Interim Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
Exchange Rate
(Period Average) |
30.267151 |
30.538187 |
29.992258 |
31.651263 |
32.37836 |
|
|
|
|
|
|
|
|
Net Sales |
9.3 |
19.1 |
4.8 |
1.7 |
1.1 |
|
Revenue |
9.3 |
19.1 |
4.8 |
1.7 |
1.1 |
|
Total Revenue |
9.3 |
19.1 |
4.8 |
1.7 |
1.1 |
|
|
|
|
|
|
|
|
Cost of Revenue |
8.4 |
18.0 |
4.5 |
1.8 |
1.1 |
|
Cost of Revenue, Total |
8.4 |
18.0 |
4.5 |
1.8 |
1.1 |
|
Gross Profit |
1.0 |
1.2 |
0.3 |
-0.2 |
0.0 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
0.5 |
0.4 |
0.3 |
0.2 |
0.5 |
|
Labor & Related Expense |
0.0 |
0.0 |
-0.3 |
0.1 |
0.0 |
|
Total Selling/General/Administrative Expenses |
0.5 |
0.5 |
0.0 |
0.3 |
0.5 |
|
Interest Income -
Operating |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Investment Income -
Operating |
0.3 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest/Investment Income - Operating |
0.3 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense (Income) - Net Operating Total |
0.3 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other, Net |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Operating Expenses, Total |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Operating Expense |
9.2 |
18.4 |
4.6 |
2.1 |
1.7 |
|
|
|
|
|
|
|
|
Operating Income |
0.1 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Net Non-Operating |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Before Tax |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
|
|
|
|
|
|
|
Total Income Tax |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income After Tax |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
|
|
|
|
|
|
|
Net Income Before Extraord Items |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
Net Income |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
311.3 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Basic EPS Excl Extraord Items |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Basic/Primary EPS Incl Extraord Items |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
Diluted Weighted Average Shares |
311.3 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Diluted EPS Excl Extraord Items |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Diluted EPS Incl Extraord Items |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Depreciation, Supplemental |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Normalized Income Before Tax |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income After Tax |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Diluted Normalized EPS |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Amort of Intangibles, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Rental Expenses |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized EBIT |
0.4 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
Normalized EBITDA |
0.5 |
0.8 |
0.3 |
-0.3 |
-0.5 |
Annual Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
Exchange Rate |
30.145 |
33.34 |
34.78 |
33.685 |
36.15 |
|
Auditor |
ASV &
Associates Limited |
ASV &
Associates Limited |
ASV &
Associates Limited |
Deloitte Touche
Tohmatsu |
Deloitte Touche
Tohmatsu |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
0.3 |
0.0 |
0.1 |
1.1 |
9.3 |
|
Short Term Investments |
- |
0.0 |
1.0 |
- |
- |
|
Cash and Short Term Investments |
0.3 |
0.0 |
1.1 |
1.1 |
9.3 |
|
Accounts Receivable -
Trade, Gross |
5.2 |
3.6 |
4.5 |
1.8 |
8.9 |
|
Provision for Doubtful
Accounts |
-0.6 |
-1.2 |
-0.3 |
-0.5 |
0.0 |
|
Trade Accounts Receivable - Net |
5.1 |
2.4 |
4.1 |
1.3 |
8.9 |
|
Other Receivables |
0.2 |
0.1 |
0.2 |
0.1 |
2.6 |
|
Total Receivables, Net |
5.2 |
2.4 |
4.3 |
1.4 |
11.5 |
|
Inventories - Finished Goods |
8.3 |
1.0 |
2.7 |
4.7 |
4.3 |
|
Inventories - Work In Progress |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Inventories - Raw Materials |
1.9 |
1.9 |
0.5 |
3.0 |
1.8 |
|
Inventories - Other |
-0.1 |
0.0 |
0.0 |
7.8 |
2.6 |
|
Total Inventory |
10.1 |
2.9 |
3.3 |
15.5 |
8.7 |
|
Prepaid Expenses |
0.8 |
0.1 |
0.1 |
- |
- |
|
Restricted Cash - Current |
- |
- |
- |
0.0 |
0.4 |
|
Other Current Assets |
0.3 |
0.2 |
0.1 |
0.2 |
0.1 |
|
Other Current Assets, Total |
0.3 |
0.2 |
0.1 |
0.2 |
0.5 |
|
Total Current Assets |
16.8 |
5.6 |
8.9 |
18.2 |
30.0 |
|
|
|
|
|
|
|
|
Buildings |
1.4 |
1.3 |
0.7 |
0.8 |
0.7 |
|
Land/Improvements |
1.6 |
1.5 |
1.3 |
1.4 |
1.3 |
|
Machinery/Equipment |
3.7 |
3.2 |
2.7 |
2.8 |
2.7 |
|
Construction in
Progress |
5.0 |
4.5 |
4.5 |
3.7 |
0.3 |
|
Other
Property/Plant/Equipment |
1.3 |
1.2 |
- |
- |
- |
|
Property/Plant/Equipment - Gross |
13.0 |
11.6 |
9.3 |
8.6 |
5.0 |
|
Accumulated Depreciation |
-4.2 |
-3.5 |
-2.6 |
-2.2 |
-1.5 |
|
Property/Plant/Equipment - Net |
8.7 |
8.1 |
6.7 |
6.5 |
3.4 |
|
Intangibles, Net |
0.1 |
0.1 |
0.1 |
- |
- |
|
Deferred Charges |
0.6 |
0.5 |
- |
- |
- |
|
Restricted Cash - Long Term |
2.2 |
1.4 |
1.3 |
1.7 |
1.5 |
|
Other Long Term Assets |
12.2 |
11.0 |
11.0 |
2.1 |
0.0 |
|
Other Long Term Assets, Total |
15.0 |
12.9 |
12.4 |
3.8 |
1.6 |
|
Total Assets |
40.6 |
26.7 |
28.0 |
28.5 |
35.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
7.6 |
0.4 |
0.5 |
0.3 |
3.0 |
|
Accrued Expenses |
2.3 |
0.2 |
0.2 |
0.2 |
0.9 |
|
Notes Payable/Short Term Debt |
2.4 |
2.0 |
2.0 |
1.7 |
3.8 |
|
Current Portion - Long Term Debt/Capital Leases |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Customer Advances |
2.9 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Other Payables |
- |
- |
- |
- |
0.1 |
|
Other Current Liabilities |
0.1 |
0.0 |
0.0 |
0.1 |
0.3 |
|
Other Current liabilities, Total |
2.9 |
0.0 |
0.0 |
0.1 |
0.5 |
|
Total Current Liabilities |
15.3 |
2.6 |
2.7 |
2.4 |
8.2 |
|
|
|
|
|
|
|
|
Capital Lease Obligations |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Long Term Debt |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Debt |
2.6 |
2.0 |
2.0 |
1.8 |
4.0 |
|
|
|
|
|
|
|
|
Total Liabilities |
15.4 |
2.6 |
2.8 |
2.5 |
8.3 |
|
|
|
|
|
|
|
|
Common Stock |
10.0 |
9.0 |
8.6 |
8.9 |
8.3 |
|
Common Stock |
10.0 |
9.0 |
8.6 |
8.9 |
8.3 |
|
Additional Paid-In Capital |
13.5 |
12.2 |
11.7 |
12.1 |
11.3 |
|
Retained Earnings (Accumulated Deficit) |
0.4 |
1.6 |
4.9 |
5.0 |
7.2 |
|
Unrealized Gain (Loss) |
1.2 |
1.2 |
0.0 |
- |
- |
|
Total Equity |
25.1 |
24.0 |
25.2 |
26.0 |
26.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
40.6 |
26.7 |
28.0 |
28.5 |
35.0 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
300.0 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Total Common Shares Outstanding |
300.0 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Employees |
147 |
- |
- |
147 |
137 |
|
Deferred Revenue - Current |
2.9 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Interest Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
0.2 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Capital Lease Payments Due in Year 1 |
0.1 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Capital Lease Payments Due in Year 2 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in Year 3 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in Year 4 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in 2-3 Years |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Capital Lease Payments Due in 4-5 Years |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Interim Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
Exchange Rate |
30.725 |
30.245 |
30.145 |
30.35 |
32.39 |
|
|
|
|
|
|
|
|
Cash |
0.0 |
0.0 |
- |
- |
- |
|
Cash & Equivalents |
1.1 |
0.0 |
0.3 |
0.5 |
1.1 |
|
Cash and Short Term Investments |
1.1 |
0.0 |
0.3 |
0.5 |
1.1 |
|
Accounts Receivable -
Trade, Gross |
5.5 |
8.3 |
5.2 |
2.9 |
2.2 |
|
Provision for Doubtful
Accounts |
-0.6 |
-0.5 |
-0.6 |
-1.0 |
-1.0 |
|
Trade Accounts Receivable - Net |
18.6 |
16.9 |
5.1 |
1.9 |
1.2 |
|
Other Receivables |
0.8 |
0.4 |
0.2 |
0.1 |
0.1 |
|
Total Receivables, Net |
19.4 |
17.3 |
5.2 |
2.1 |
1.2 |
|
Inventories - Finished Goods |
1.3 |
1.4 |
8.3 |
1.0 |
1.0 |
|
Inventories - Work In Progress |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Inventories - Raw Materials |
1.5 |
1.8 |
1.9 |
1.9 |
1.8 |
|
Inventories - Other |
-0.1 |
0.0 |
-0.1 |
-0.1 |
-0.2 |
|
Total Inventory |
2.9 |
3.2 |
10.1 |
2.8 |
2.6 |
|
Prepaid Expenses |
9.0 |
0.4 |
9.1 |
0.1 |
0.1 |
|
Other Current Assets |
0.9 |
1.6 |
0.8 |
0.3 |
0.3 |
|
Other Current Assets, Total |
0.9 |
1.6 |
0.8 |
0.3 |
0.3 |
|
Total Current Assets |
33.3 |
22.5 |
25.5 |
5.7 |
5.4 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
8.4 |
8.6 |
8.7 |
8.7 |
8.2 |
|
Intangibles, Net |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Deferred Charges |
0.6 |
0.6 |
0.6 |
0.6 |
0.5 |
|
Restricted Cash - Long Term |
2.0 |
2.2 |
2.2 |
1.5 |
1.4 |
|
Other Long Term Assets |
3.4 |
12.1 |
3.5 |
12.1 |
11.3 |
|
Other Long Term Assets, Total |
5.9 |
14.9 |
6.2 |
14.2 |
13.3 |
|
Total Assets |
47.7 |
46.1 |
40.6 |
28.6 |
26.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
12.2 |
13.8 |
9.4 |
0.4 |
0.6 |
|
Accrued Expenses |
0.3 |
0.6 |
0.5 |
0.2 |
0.2 |
|
Notes Payable/Short Term Debt |
7.4 |
5.6 |
2.4 |
3.0 |
2.3 |
|
Current Portion - Long Term Debt/Capital Leases |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Customer Advances |
0.1 |
0.1 |
2.9 |
0.1 |
0.1 |
|
Other Current Liabilities |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Current liabilities, Total |
0.3 |
0.2 |
2.9 |
0.1 |
0.1 |
|
Total Current Liabilities |
20.2 |
20.2 |
15.3 |
3.7 |
3.2 |
|
|
|
|
|
|
|
|
Long Term Debt |
0.1 |
- |
0.0 |
- |
- |
|
Capital Lease Obligations |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Total Long Term Debt |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Total Debt |
7.6 |
5.7 |
2.6 |
3.0 |
2.3 |
|
|
|
|
|
|
|
|
Pension Benefits - Underfunded |
0.1 |
0.1 |
0.0 |
- |
- |
|
Other Liabilities, Total |
0.1 |
0.1 |
0.0 |
- |
- |
|
Total Liabilities |
20.4 |
20.4 |
15.4 |
3.8 |
3.2 |
|
|
|
|
|
|
|
|
Common Stock |
10.6 |
9.9 |
10.0 |
9.9 |
9.3 |
|
Common Stock |
10.6 |
9.9 |
10.0 |
9.9 |
9.3 |
|
Additional Paid-In Capital |
14.5 |
13.5 |
13.5 |
13.4 |
12.6 |
|
Retained Earnings (Accumulated Deficit) |
1.1 |
1.0 |
0.4 |
0.3 |
0.7 |
|
Unrealized Gain (Loss) |
- |
- |
- |
1.2 |
1.2 |
|
Other Equity |
1.2 |
1.2 |
1.2 |
- |
- |
|
Other Equity, Total |
1.2 |
1.2 |
1.2 |
- |
- |
|
Total Equity |
27.3 |
25.6 |
25.1 |
24.8 |
23.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
47.7 |
46.1 |
40.6 |
28.6 |
26.9 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
325.8 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Total Common Shares Outstanding |
325.8 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Deferred Revenue - Current |
0.1 |
0.1 |
2.9 |
0.1 |
0.1 |
|
Interest Costs |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
0.1 |
0.2 |
- |
0.1 |
0.0 |
|
Capital Lease Payments Due in Year 1 |
0.1 |
0.1 |
- |
0.0 |
0.0 |
|
Capital Lease Payments Due in Year 2 |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Capital Lease Payments Due in Year 3 |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Capital Lease Payments Due in Year 4 |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Capital Lease Payments Due in 2-3 Years |
0.1 |
0.1 |
- |
0.0 |
0.0 |
|
Capital Lease Payments Due in 4-5 Years |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Accrued Liabilities - Domestic |
-0.1 |
-0.1 |
- |
- |
- |
|
Net Assets Recognized on Balance Sheet |
-0.1 |
-0.1 |
- |
- |
- |
Annual Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
||||||
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
|
Exchange Rate
(Period Average) |
31.724617 |
34.331774 |
33.367913 |
34.251325 |
37.915929 |
|
|
Auditor |
ASV &
Associates Limited |
ASV & Associates
Limited |
ASV &
Associates Limited |
Deloitte Touche
Tohmatsu |
Deloitte Touche
Tohmatsu |
|
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
|
Depreciation |
0.3 |
0.5 |
0.6 |
0.6 |
0.6 |
|
|
Depreciation/Depletion |
0.3 |
0.5 |
0.6 |
0.6 |
0.6 |
|
|
Unusual Items |
0.1 |
0.4 |
0.0 |
0.0 |
0.2 |
|
|
Other Non-Cash Items |
-0.7 |
1.0 |
-0.1 |
0.6 |
0.0 |
|
|
Non-Cash Items |
-0.6 |
1.3 |
-0.1 |
0.7 |
0.3 |
|
|
Accounts Receivable |
-1.7 |
1.0 |
-2.8 |
10.2 |
-3.1 |
|
|
Inventories |
-6.7 |
0.0 |
4.1 |
-1.2 |
-0.9 |
|
|
Other Assets |
-0.7 |
0.1 |
-1.6 |
-2.1 |
0.1 |
|
|
Accounts Payable |
6.8 |
-0.1 |
0.0 |
-2.8 |
-0.8 |
|
|
Other Liabilities |
4.7 |
0.0 |
-0.2 |
-1.1 |
0.2 |
|
|
Other Operating Cash Flow |
-0.2 |
-0.1 |
-0.1 |
-0.2 |
0.0 |
|
|
Changes in Working Capital |
2.3 |
0.8 |
-0.5 |
2.8 |
-4.6 |
|
|
Cash from Operating Activities |
0.8 |
-0.7 |
0.1 |
1.5 |
-2.4 |
|
|
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-0.2 |
-0.3 |
-0.7 |
-3.4 |
-0.1 |
|
|
Capital Expenditures |
-0.2 |
-0.3 |
-0.7 |
-3.4 |
-0.1 |
|
|
Sale of Fixed Assets |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
|
Sale/Maturity of Investment |
0.0 |
1.0 |
0.0 |
- |
- |
|
|
Investment, Net |
-0.7 |
0.0 |
0.3 |
- |
- |
|
|
Purchase of Investments |
- |
0.0 |
-0.9 |
- |
- |
|
|
Other Investing Cash Flow |
- |
0.0 |
0.0 |
-4.4 |
-1.0 |
|
|
Other Investing Cash Flow Items, Total |
-0.6 |
1.0 |
-0.6 |
-4.4 |
-1.0 |
|
|
Cash from Investing Activities |
-0.8 |
0.8 |
-1.4 |
-7.8 |
-1.1 |
|
|
|
|
|
|
|
|
|
|
Cash Dividends Paid - Common |
- |
- |
- |
0.0 |
-0.9 |
|
|
Total Cash Dividends Paid |
- |
- |
- |
0.0 |
-0.9 |
|
|
Sale/Issuance of
Common |
- |
- |
- |
- |
0.0 |
|
|
Common Stock, Net |
- |
- |
- |
- |
0.0 |
|
|
Issuance (Retirement) of Stock, Net |
- |
- |
- |
- |
0.0 |
|
|
Short Term Debt Issued |
0.7 |
0.1 |
0.3 |
- |
2.0 |
|
|
Short Term Debt
Reduction |
-0.5 |
-0.2 |
-0.1 |
-2.4 |
-0.2 |
|
|
Short Term Debt, Net |
0.2 |
-0.1 |
0.2 |
-2.4 |
1.8 |
|
|
Long Term Debt Issued |
0.1 |
0.0 |
0.0 |
- |
- |
|
|
Long Term Debt
Reduction |
- |
- |
- |
- |
0.0 |
|
|
Long Term Debt, Net |
0.1 |
0.0 |
0.0 |
- |
0.0 |
|
|
Issuance (Retirement) of Debt, Net |
0.4 |
-0.1 |
0.3 |
-2.4 |
1.8 |
|
|
Cash from Financing Activities |
0.4 |
-0.1 |
0.3 |
-2.4 |
1.0 |
|
|
|
|
|
|
|
|
|
|
Net Change in Cash |
0.3 |
-0.1 |
-1.0 |
-8.7 |
-2.5 |
|
|
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
0.0 |
0.1 |
1.1 |
9.8 |
11.4 |
|
|
Net Cash - Ending Balance |
0.3 |
0.0 |
0.1 |
1.1 |
8.9 |
|
|
Cash Interest Paid |
0.1 |
0.1 |
0.1 |
0.2 |
0.3 |
|
|
Cash Taxes Paid |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Interim Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
6 Months |
3 Months |
12 Months |
9 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
Exchange Rate
(Period Average) |
30.401066 |
30.538187 |
31.724617 |
32.311345 |
32.647227 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
0.7 |
0.7 |
-1.3 |
-1.4 |
-1.0 |
|
Depreciation |
0.2 |
0.1 |
0.3 |
0.3 |
0.2 |
|
Depreciation/Depletion |
0.2 |
0.1 |
0.3 |
0.3 |
0.2 |
|
Unusual Items |
-0.1 |
-0.1 |
0.1 |
0.1 |
0.1 |
|
Other Non-Cash Items |
0.5 |
0.0 |
-0.7 |
-0.3 |
-0.2 |
|
Non-Cash Items |
0.4 |
-0.1 |
-0.6 |
-0.2 |
-0.1 |
|
Accounts Receivable |
-14.3 |
-11.9 |
-1.7 |
0.9 |
1.6 |
|
Inventories |
7.2 |
6.9 |
-6.7 |
0.3 |
0.2 |
|
Other Assets |
-0.4 |
-0.8 |
-0.7 |
-0.1 |
-0.1 |
|
Accounts Payable |
2.7 |
4.4 |
6.8 |
0.0 |
0.2 |
|
Other Liabilities |
-2.8 |
-2.6 |
4.7 |
0.1 |
0.1 |
|
Other Operating Cash Flow |
-0.2 |
-0.1 |
-0.2 |
-0.1 |
-0.1 |
|
Changes in Working Capital |
-7.7 |
-4.0 |
2.3 |
1.0 |
1.8 |
|
Cash from Operating Activities |
-6.4 |
-3.3 |
0.8 |
-0.3 |
0.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
0.0 |
0.0 |
-0.2 |
-0.1 |
0.0 |
|
Capital Expenditures |
0.0 |
0.0 |
-0.2 |
-0.1 |
0.0 |
|
Sale of Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sale/Maturity of Investment |
- |
- |
0.0 |
0.0 |
0.0 |
|
Investment, Net |
0.2 |
0.0 |
-0.7 |
- |
- |
|
Other Investing Cash Flow Items, Total |
0.2 |
0.0 |
-0.6 |
0.0 |
0.0 |
|
Cash from Investing Activities |
0.2 |
0.0 |
-0.8 |
-0.1 |
0.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
2.1 |
- |
- |
- |
- |
|
Financing Cash Flow Items |
2.1 |
- |
- |
- |
- |
|
Short Term Debt Issued |
5.3 |
3.3 |
0.7 |
1.0 |
0.2 |
|
Short Term Debt
Reduction |
-0.3 |
-0.2 |
-0.5 |
-0.3 |
0.0 |
|
Short Term Debt, Net |
4.9 |
3.1 |
0.2 |
0.7 |
0.2 |
|
Long Term Debt Issued |
- |
- |
0.1 |
0.0 |
- |
|
Long Term Debt, Net |
- |
- |
0.1 |
0.0 |
- |
|
Issuance (Retirement) of Debt, Net |
4.9 |
3.1 |
0.4 |
0.8 |
0.2 |
|
Cash from Financing Activities |
7.0 |
3.1 |
0.4 |
0.8 |
0.2 |
|
|
|
|
|
|
|
|
Net Change in Cash |
0.8 |
-0.3 |
0.3 |
0.4 |
1.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
0.3 |
0.3 |
0.0 |
0.0 |
0.0 |
|
Net Cash - Ending Balance |
1.1 |
0.0 |
0.3 |
0.4 |
1.1 |
|
Cash Interest Paid |
0.1 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Cash Taxes Paid |
0.1 |
0.0 |
0.1 |
0.0 |
0.0 |
Annual Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
Exchange Rate
(Period Average) |
31.724617 |
34.331774 |
33.367913 |
34.251325 |
37.915929 |
|
Auditor |
ASV &
Associates Limited |
ASV &
Associates Limited |
ASV &
Associates Limited |
Deloitte Touche
Tohmatsu |
Deloitte Touche
Tohmatsu |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Revenues from Sales and Services |
0.6 |
1.8 |
9.8 |
0.4 |
1.2 |
|
Sales Together with Installation Service |
7.1 |
1.7 |
2.9 |
2.7 |
27.6 |
|
Total Revenue |
7.7 |
3.5 |
12.7 |
3.2 |
28.8 |
|
|
|
|
|
|
|
|
Interest Income |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.5 |
|
Gain on Exchange Rate |
0.0 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Other Revenues |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cost of Sales and Services |
0.7 |
1.7 |
7.9 |
0.4 |
0.7 |
|
Cost of Sales with Installation Service |
6.9 |
1.7 |
2.7 |
2.3 |
24.4 |
|
Selling and Administrative Expenses |
- |
- |
- |
- |
2.5 |
|
Good Returned |
0.0 |
0.0 |
- |
- |
- |
|
Selling Expenses |
0.4 |
0.6 |
0.4 |
0.6 |
- |
|
Administrative Expenses |
1.7 |
1.6 |
1.3 |
2.5 |
- |
|
Not-Full Normal Production Capacity Exp. |
0.1 |
0.2 |
0.1 |
- |
- |
|
Allow. for Doubtful Debts (Reversal) |
-0.9 |
0.9 |
-0.2 |
- |
- |
|
Loss on Impairment of Fixed Assets |
0.0 |
0.3 |
0.0 |
- |
- |
|
Directors' Remuneration |
0.0 |
0.0 |
0.5 |
0.1 |
0.1 |
|
Total Operating Expense |
8.9 |
6.8 |
12.5 |
5.7 |
27.1 |
|
|
|
|
|
|
|
|
Interest Expense |
-0.1 |
-0.1 |
-0.1 |
-0.2 |
-0.3 |
|
Net Income Before Taxes |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.4 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Income After Taxes |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Net Income Before Extra. Items |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
Net Income |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
300.0 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Basic EPS Including ExtraOrdinary Items |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Dilution Adjustment |
0.0 |
0.0 |
- |
0.0 |
- |
|
Diluted Net Income |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
Diluted Weighted Average Shares |
300.0 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Diluted EPS Excluding ExtraOrd Items |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Diluted EPS Including ExtraOrd Items |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
DPS-Ordinary Shares |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.9 |
|
Normalized Income Before Taxes |
-1.3 |
-3.1 |
0.1 |
-2.7 |
1.4 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income After Taxes |
-1.3 |
-3.1 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-1.3 |
-3.1 |
0.1 |
-2.7 |
1.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Diluted Normalized EPS |
0.00 |
-0.01 |
0.00 |
-0.01 |
0.00 |
|
Interest Expense |
0.1 |
0.1 |
0.1 |
0.2 |
0.3 |
|
Depreciation |
0.3 |
0.5 |
0.6 |
0.6 |
0.6 |
|
Intangible Assets Amortization |
0.0 |
0.0 |
0.0 |
- |
- |
|
Warehouse Rent |
0.0 |
0.0 |
- |
- |
- |
|
Defined Contribution Expense-Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Pension Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Interim Income Statement
As Reported
|
Financials in:
USD (mil) Except for share
items (millions) and per share items (actual units) |
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
Exchange Rate
(Period Average) |
30.267151 |
30.538187 |
29.992258 |
31.651263 |
32.37836 |
|
|
|
|
|
|
|
|
Revenues from Sales and Services |
0.1 |
0.0 |
0.1 |
0.2 |
0.1 |
|
Sales Together with Installation Service |
9.2 |
19.1 |
4.7 |
1.5 |
1.0 |
|
Total Revenue |
9.3 |
19.1 |
4.8 |
1.7 |
1.1 |
|
|
|
|
|
|
|
|
Gain on Exchange Rate |
0.3 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Income |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Other Revenues |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cost of Sales and Services |
0.1 |
0.0 |
0.1 |
0.3 |
0.1 |
|
Cost of Sales with Installation Service |
8.3 |
18.0 |
4.4 |
1.5 |
1.1 |
|
Goods Returned |
- |
0.0 |
0.0 |
- |
0.0 |
|
Selling Expenses |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Administrative Expenses |
0.4 |
0.4 |
0.7 |
0.2 |
0.5 |
|
Not-Full Normal Production Capacity Exp. |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Reversal of Allowance for Doubtful Accts |
0.0 |
0.0 |
-0.5 |
-0.1 |
-0.1 |
|
Directors' Remuneration |
0.0 |
0.0 |
-0.3 |
0.1 |
0.0 |
|
Total Operating Expense |
9.2 |
18.4 |
4.6 |
2.1 |
1.7 |
|
|
|
|
|
|
|
|
Interest Expense |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Income Before Taxes |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Income After Taxes |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
|
|
|
|
|
|
|
Net Income Before Extra. Items |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
Net Income |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
311.3 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Basic EPS Including ExtraOrdinary Items |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Dilution Adjustment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
Diluted Weighted Average Shares |
311.3 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Diluted EPS Excluding ExtraOrd Items |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Diluted EPS Including ExtraOrd Items |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
DPS-Ordinary Shares |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income After Taxes |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
0.0 |
0.7 |
0.2 |
-0.4 |
-0.6 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Diluted Normalized EPS |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Interest Expense |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rental-Warehouse |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Depreciation and Amortisation |
- |
- |
- |
- |
0.1 |
|
Depreciation, Supplemental |
0.1 |
0.1 |
0.1 |
0.1 |
- |
|
Amort of Intangibles |
0.0 |
0.0 |
0.0 |
0.0 |
- |
Annual Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
Exchange Rate |
30.145 |
33.34 |
34.78 |
33.685 |
36.15 |
|
Auditor |
ASV &
Associates Limited |
ASV &
Associates Limited |
ASV &
Associates Limited |
Deloitte Touche
Tohmatsu |
Deloitte Touche
Tohmatsu |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash and Cash in Bank |
0.3 |
0.0 |
0.1 |
1.1 |
9.3 |
|
Cash Deposits Used as Collateral |
- |
- |
- |
0.0 |
0.4 |
|
Current Investment |
- |
0.0 |
1.0 |
- |
- |
|
Trade Receivables- Other Companies |
5.2 |
3.6 |
4.5 |
1.8 |
8.9 |
|
Provision for Doubtful Debts |
-0.6 |
-1.2 |
-0.3 |
-0.5 |
0.0 |
|
Trade Receivables- Related Parties |
- |
- |
- |
- |
0.0 |
|
Unbilled receivables |
0.5 |
- |
- |
- |
- |
|
Retention Receivable |
0.2 |
0.0 |
0.0 |
0.0 |
2.5 |
|
Finished Goods |
1.1 |
0.9 |
2.7 |
4.7 |
4.1 |
|
Work in Process |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Raw Materials |
1.8 |
1.8 |
0.5 |
2.9 |
1.7 |
|
Spare Parts and Supplies |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Goods in Transit |
7.2 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Provision for Inventory |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Advance Paymenmt- Machine and Equip. |
- |
- |
- |
7.8 |
2.6 |
|
VAT Receivable |
0.0 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Other Receivable-Related |
- |
- |
- |
0.0 |
0.1 |
|
Other Receivables- Danida Project |
- |
0.0 |
0.1 |
- |
- |
|
Advance Payment |
0.8 |
0.1 |
0.1 |
- |
- |
|
Withholding Income Tax Deducted |
0.1 |
0.1 |
0.0 |
- |
- |
|
Other Current Assets |
0.2 |
0.1 |
0.1 |
0.2 |
0.1 |
|
Total Current Assets |
16.8 |
5.6 |
8.9 |
18.2 |
30.0 |
|
|
|
|
|
|
|
|
Fixed Deposit with Commitment |
2.2 |
1.4 |
1.3 |
1.7 |
1.5 |
|
Adance Payment |
8.7 |
7.9 |
7.6 |
- |
- |
|
Land and Land Improvement |
1.6 |
1.5 |
1.3 |
1.4 |
1.3 |
|
Buildings |
1.4 |
1.3 |
0.7 |
0.8 |
0.7 |
|
Machinery and Equipment |
1.7 |
1.6 |
1.5 |
1.5 |
1.4 |
|
Furnitures, Fixtures and Office Equip. |
1.1 |
1.0 |
0.6 |
0.6 |
0.5 |
|
Vehicles |
0.8 |
0.7 |
0.7 |
0.7 |
0.7 |
|
Construction in Progress |
5.0 |
4.5 |
4.5 |
3.7 |
0.3 |
|
Revaluation Surplus |
1.3 |
1.2 |
- |
- |
- |
|
Depreciation - Surplus on Revaluation |
-0.1 |
- |
- |
- |
- |
|
Allowance for impairment loss |
-0.4 |
-0.3 |
- |
- |
- |
|
Accumulated Depreciation |
-3.8 |
-3.2 |
-2.6 |
-2.2 |
-1.5 |
|
Computer Software |
0.0 |
0.0 |
0.0 |
- |
- |
|
Industrial Standard Certificate |
0.1 |
0.1 |
0.1 |
- |
- |
|
Advance payments for raw materials |
3.4 |
3.1 |
- |
- |
- |
|
Deferred Charges |
0.6 |
0.5 |
- |
- |
- |
|
Other Non-Current Assets |
0.0 |
0.0 |
3.5 |
2.1 |
0.0 |
|
Total Assets |
40.6 |
26.7 |
28.0 |
28.5 |
35.0 |
|
|
|
|
|
|
|
|
Bank Overdrafts and ST Loans |
2.3 |
1.9 |
2.0 |
1.7 |
3.8 |
|
ST Loan from Related |
0.1 |
0.1 |
0.0 |
- |
- |
|
Account Payable |
- |
- |
- |
0.0 |
0.2 |
|
Account Payable-Other |
7.4 |
0.2 |
0.3 |
0.3 |
2.8 |
|
Cur. Port. of Hire Purchase |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Accrued Interest Loans from Director |
- |
- |
- |
- |
0.2 |
|
Construction revenue recdived in advance |
2.7 |
- |
- |
- |
- |
|
Output VAT |
0.3 |
0.1 |
0.1 |
0.1 |
0.7 |
|
Other |
0.1 |
0.0 |
0.0 |
0.1 |
0.2 |
|
Accounts Payables - Construction |
0.2 |
0.2 |
0.2 |
0.1 |
- |
|
Other Accounts Payables - Other |
- |
- |
- |
- |
0.1 |
|
Other Accounts Payables - Related |
- |
0.0 |
0.0 |
0.0 |
- |
|
Advances Received frm Customers |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
VAT Payables |
- |
- |
- |
0.0 |
0.1 |
|
Accrued Expense |
2.0 |
0.1 |
0.1 |
0.2 |
- |
|
Total Current Liabilities |
15.3 |
2.6 |
2.7 |
2.4 |
8.2 |
|
|
|
|
|
|
|
|
LT Lease |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Long Term Debt |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
|
|
|
|
|
|
|
Total Liabilities |
15.4 |
2.6 |
2.8 |
2.5 |
8.3 |
|
|
|
|
|
|
|
|
Common Stock |
10.0 |
9.0 |
8.6 |
8.9 |
8.3 |
|
Paid-In Common Stocks |
13.5 |
12.2 |
11.7 |
12.1 |
11.3 |
|
Surplus on Revaluation of FIxed Assets |
1.2 |
1.2 |
0.0 |
- |
- |
|
Retained Earnings-Legal Reserve |
1.3 |
1.2 |
1.1 |
1.2 |
1.1 |
|
Retained Earnings-Unappropriated |
-0.9 |
0.4 |
3.8 |
3.8 |
6.1 |
|
Total Equity |
25.1 |
24.0 |
25.2 |
26.0 |
26.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
40.6 |
26.7 |
28.0 |
28.5 |
35.0 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
300.0 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Total Common Shares Outstanding |
300.0 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Construction revenue recdived in advance |
2.7 |
- |
- |
- |
- |
|
Advances Received frm Customers |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Full-Time Employees |
- |
- |
- |
147 |
137 |
|
Capital Lease Due Withing 1 Year |
0.1 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Capital Lease Due Within 4 Years |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Deferred Interest |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases |
0.2 |
0.0 |
0.1 |
0.1 |
0.1 |
Interim Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
Exchange Rate |
30.725 |
30.245 |
30.145 |
30.35 |
32.39 |
|
|
|
|
|
|
|
|
Cash on hand |
0.0 |
0.0 |
- |
- |
- |
|
Cash at banks |
1.1 |
0.0 |
- |
- |
- |
|
Cash and Cash in Bank |
- |
- |
0.3 |
0.5 |
1.1 |
|
Account Receivables |
5.5 |
8.3 |
5.2 |
2.9 |
2.2 |
|
Allowance for Doubtful Debt |
-0.6 |
-0.5 |
-0.6 |
-1.0 |
-1.0 |
|
Unbilled receivables |
13.7 |
9.1 |
0.5 |
- |
- |
|
Retention Receivable |
0.7 |
0.4 |
0.2 |
0.1 |
- |
|
Finished Goods |
1.2 |
1.4 |
1.1 |
1.0 |
1.0 |
|
Raw Materials |
1.5 |
1.8 |
1.8 |
1.8 |
1.7 |
|
Work in Process |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Spare Parts and Supplies |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Goods in Transit |
0.0 |
0.0 |
7.2 |
0.0 |
0.0 |
|
Provision for Inventory |
-0.1 |
0.0 |
-0.1 |
-0.1 |
-0.2 |
|
Advance Payment- Machine and Equip. |
8.6 |
- |
8.7 |
- |
- |
|
Advance Payment |
0.5 |
0.4 |
0.3 |
0.1 |
0.1 |
|
VAT Receivable |
0.2 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Deposit |
0.4 |
0.9 |
0.4 |
- |
- |
|
Withholding Income Tax Deducted |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Others |
0.3 |
0.5 |
0.2 |
0.1 |
0.2 |
|
Total Current Assets |
33.3 |
22.5 |
25.5 |
5.7 |
5.4 |
|
|
|
|
|
|
|
|
Fixed Deposit with Commitment |
2.0 |
2.2 |
2.2 |
1.5 |
1.4 |
|
Advance Payment for Machineries |
- |
8.7 |
- |
8.7 |
8.1 |
|
Property, Plant, and Equipment |
8.4 |
8.6 |
8.7 |
8.7 |
8.2 |
|
Intangible Asset |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Advance Payment for Raw Materials |
3.4 |
3.4 |
3.4 |
3.4 |
3.2 |
|
Deferred Charges |
0.6 |
0.6 |
0.6 |
0.6 |
0.5 |
|
Other Non-Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets |
47.7 |
46.1 |
40.6 |
28.6 |
26.9 |
|
|
|
|
|
|
|
|
Bank Overdrafts and ST Loans |
7.4 |
5.5 |
2.3 |
2.7 |
2.0 |
|
Account Payable |
12.0 |
13.6 |
9.2 |
0.2 |
0.4 |
|
Construction revenue recdived in advance |
0.0 |
0.0 |
2.7 |
- |
- |
|
ST Loans to Related Parties |
0.0 |
0.0 |
0.1 |
0.3 |
0.3 |
|
Cur. Port. of Hire Purchase |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accrued Expenses |
0.1 |
0.2 |
0.2 |
0.1 |
0.1 |
|
Accounts Payable - Construction |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Advance Received from Customers |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Output VAT |
0.1 |
0.5 |
0.3 |
0.1 |
0.1 |
|
Other |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Current Liabilities |
20.2 |
20.2 |
15.3 |
3.7 |
3.2 |
|
|
|
|
|
|
|
|
Lia.under Hire-purchase Contract |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
debentures |
0.1 |
- |
0.0 |
- |
- |
|
Total Long Term Debt |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
|
|
|
|
|
|
|
Employee Benefit Obligation |
0.1 |
0.1 |
0.0 |
- |
- |
|
Total Liabilities |
20.4 |
20.4 |
15.4 |
3.8 |
3.2 |
|
|
|
|
|
|
|
|
Common Stock |
10.6 |
9.9 |
10.0 |
9.9 |
9.3 |
|
Paid-In Common Stocks |
14.5 |
13.5 |
13.5 |
13.4 |
12.6 |
|
Surplus on Revaluation of FIxed Assets |
- |
- |
- |
1.2 |
1.2 |
|
Retained Earnings-Legal Reserve |
1.3 |
1.3 |
1.3 |
1.3 |
1.2 |
|
Retained Earnings-Unappropriated |
-0.2 |
-0.3 |
-0.9 |
-1.0 |
-0.6 |
|
Other Component of Equity |
1.2 |
1.2 |
1.2 |
- |
- |
|
Total Equity |
27.3 |
25.6 |
25.1 |
24.8 |
23.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
47.7 |
46.1 |
40.6 |
28.6 |
26.9 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
325.8 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Total Common Shares Outstanding |
325.8 |
300.0 |
300.0 |
300.0 |
300.0 |
|
Construction revenue recdived in advance |
0.0 |
0.0 |
2.7 |
- |
- |
|
Advance Received from Customers |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Capital Lease Due Within 1 Year |
- |
0.1 |
- |
0.0 |
0.0 |
|
Capital Lease Due within 2-4 Years |
- |
0.1 |
- |
0.1 |
0.0 |
|
Deferred Interest |
- |
0.0 |
- |
0.0 |
0.0 |
|
Total Capital Leases |
- |
0.2 |
- |
0.1 |
0.0 |
|
Accrued Liabilities - Domestic |
- |
-0.1 |
- |
- |
- |
|
Net Assets Recognized on Balance Sheet |
- |
-0.1 |
- |
- |
- |
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
Exchange Rate
(Period Average) |
31.724617 |
34.331774 |
33.367913 |
34.251325 |
37.915929 |
|
Auditor |
ASV &
Associates Limited |
ASV &
Associates Limited |
ASV &
Associates Limited |
Deloitte Touche
Tohmatsu |
Deloitte Touche
Tohmatsu |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
-1.3 |
-3.4 |
0.1 |
-2.7 |
1.3 |
|
Depreciation |
0.3 |
0.5 |
0.6 |
0.6 |
0.6 |
|
Interest Expense |
0.1 |
0.1 |
0.1 |
0.2 |
- |
|
Unrealized Gain on Foreign Exchange |
0.0 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Prov. Obsolete Inventories |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Provision for Doubtful Debt |
-0.8 |
0.9 |
-0.2 |
0.5 |
0.0 |
|
Disposal of Property, Plant and Equip. |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Fixed Assets Written-Off |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Loss on Impairment of Fixed Asset |
0.0 |
0.3 |
0.0 |
- |
- |
|
Withholding Tax Written Off |
- |
- |
0.0 |
0.0 |
0.2 |
|
Allow. for Dim. in Value of Inventories |
0.1 |
0.0 |
0.0 |
- |
- |
|
Trade Account Receivables |
-1.1 |
1.0 |
-2.8 |
7.6 |
-4.7 |
|
Retention Receivables |
-0.2 |
0.0 |
0.0 |
2.6 |
1.5 |
|
Unbilled receivables |
-0.5 |
- |
- |
- |
- |
|
Inventories |
-6.7 |
0.0 |
4.1 |
-1.2 |
-0.9 |
|
Other Current Assets |
-0.7 |
0.1 |
-0.1 |
0.0 |
0.0 |
|
Other Non-Current Assets |
0.0 |
0.0 |
-1.5 |
-2.1 |
0.0 |
|
Trade Account Payables-Related |
- |
- |
- |
-2.8 |
-0.8 |
|
Trade Account Payables-Other |
6.8 |
-0.1 |
0.0 |
- |
- |
|
Construction revenue received in advance |
2.6 |
- |
- |
- |
- |
|
Other Current Liabilities |
2.1 |
0.0 |
-0.2 |
-1.1 |
0.2 |
|
Income Tax Paid |
-0.1 |
0.0 |
0.0 |
-0.2 |
0.0 |
|
Interest Paid |
-0.1 |
-0.1 |
-0.1 |
- |
- |
|
Cash Flow from Operation Activities |
- |
- |
- |
0.0 |
- |
|
Cash from Operating Activities |
0.8 |
-0.7 |
0.1 |
1.5 |
-2.4 |
|
|
|
|
|
|
|
|
Cash Deposits Used as Collateral |
- |
0.0 |
0.0 |
0.5 |
1.0 |
|
Restricted Cash Deposits |
- |
- |
- |
0.0 |
0.5 |
|
Increase in Curr. Investment |
- |
0.0 |
-0.9 |
- |
- |
|
Decrease in Curr. Investment |
0.0 |
1.0 |
0.0 |
- |
- |
|
Fixed Deposits |
-0.7 |
0.0 |
0.3 |
- |
- |
|
Advanced Payment- M&E |
- |
- |
0.0 |
-4.9 |
-2.5 |
|
Disposal of Fixed Asset |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Capital Expenditures |
-0.2 |
-0.3 |
-0.7 |
-3.4 |
-0.1 |
|
Cash from Investing Activities |
-0.8 |
0.8 |
-1.4 |
-7.8 |
-1.1 |
|
|
|
|
|
|
|
|
Bank Overdrafts and ST Loans |
0.2 |
0.0 |
0.3 |
- |
2.0 |
|
Decr Bank Overdraft and ST Loans |
- |
-0.1 |
0.0 |
-2.3 |
- |
|
ST Loans from Related |
0.5 |
0.1 |
0.0 |
- |
- |
|
Decr ST Loans from Related |
-0.5 |
- |
- |
- |
- |
|
Decr Liab. under HP Contracts |
0.0 |
0.0 |
-0.1 |
-0.1 |
-0.2 |
|
Increase in long-term finance leases |
0.1 |
- |
- |
- |
- |
|
LT Loans |
- |
0.0 |
0.0 |
- |
- |
|
Decr LT Loans |
- |
- |
- |
- |
0.0 |
|
Issue of Share Capital |
- |
- |
- |
- |
0.0 |
|
Dividend Paid |
- |
- |
- |
0.0 |
-0.9 |
|
Cash from Financing Activities |
0.4 |
-0.1 |
0.3 |
-2.4 |
1.0 |
|
|
|
|
|
|
|
|
Net Change in Cash |
0.3 |
-0.1 |
-1.0 |
-8.7 |
-2.5 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
0.0 |
0.1 |
1.1 |
9.8 |
11.4 |
|
Net Cash - Ending Balance |
0.3 |
0.0 |
0.1 |
1.1 |
8.9 |
|
Cash Interest Paid |
0.1 |
0.1 |
0.1 |
0.2 |
0.3 |
|
Cash Taxes Paid |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
Interim Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
6 Months |
3 Months |
12 Months |
9 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
THB |
THB |
THB |
THB |
THB |
|
Exchange Rate
(Period Average) |
30.401066 |
30.538187 |
31.724617 |
32.311345 |
32.647227 |
|
|
|
|
|
|
|
|
Net Income |
0.7 |
0.7 |
-1.3 |
-1.4 |
-1.0 |
|
Depreciation |
0.2 |
0.1 |
0.3 |
0.3 |
0.2 |
|
Unrealized Gain on Foreign Exchange |
0.3 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Provision for Obsolete Inventories |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Provision for Doubtful Debts |
0.0 |
0.0 |
-0.8 |
-0.3 |
-0.3 |
|
Disposal of Property, Plant and Equip. |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Interest Expense |
0.1 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Fixed Assets Written-Off |
- |
- |
0.0 |
- |
- |
|
Loss on Impairment of Fixed Asset |
- |
- |
0.0 |
- |
- |
|
Allow. for Dim. in Value of Inventories |
-0.1 |
-0.1 |
0.1 |
0.1 |
0.1 |
|
Trade Account Receivables |
-0.5 |
-3.1 |
-1.1 |
1.0 |
1.6 |
|
Unbilled receivables |
-13.4 |
-8.6 |
-0.5 |
- |
- |
|
Retention Receivable |
-0.5 |
-0.2 |
-0.2 |
-0.1 |
0.0 |
|
Inventories |
7.2 |
6.9 |
-6.7 |
0.3 |
0.2 |
|
Other Current Assets |
-0.4 |
-0.8 |
-0.7 |
-0.1 |
-0.1 |
|
Other Non-Current Assets |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Trade Account Payables |
2.7 |
4.4 |
6.8 |
0.0 |
0.2 |
|
Construction revenue received in advance |
-2.7 |
-2.7 |
2.6 |
- |
- |
|
Other Current Liabilities |
-0.1 |
0.1 |
2.1 |
0.1 |
0.1 |
|
Retirement Benefit Obligations |
0.0 |
0.0 |
- |
- |
- |
|
Interest Expenses Paid |
-0.1 |
0.0 |
-0.1 |
-0.1 |
-0.1 |
|
Income Tax Paid |
-0.1 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Cash from Operating Activities |
-6.4 |
-3.3 |
0.8 |
-0.3 |
0.9 |
|
|
|
|
|
|
|
|
Fixed Deposits |
0.2 |
0.0 |
-0.7 |
- |
- |
|
Decrease in Current Investment |
- |
- |
0.0 |
0.0 |
0.0 |
|
Disposal of Fixed Asset |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Expenditures |
0.0 |
0.0 |
-0.2 |
-0.1 |
0.0 |
|
Cash from Investing Activities |
0.2 |
0.0 |
-0.8 |
-0.1 |
0.0 |
|
|
|
|
|
|
|
|
Bank Overdrafts and ST Loans |
5.1 |
3.2 |
0.2 |
0.6 |
0.1 |
|
ST Loans from Related Parties |
0.2 |
0.1 |
0.5 |
0.4 |
0.2 |
|
Decr Liab. under HP Contracts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Payment ST Loan from related party |
-0.3 |
-0.2 |
-0.5 |
-0.3 |
- |
|
Inc.LT Financial lease |
- |
- |
0.1 |
0.0 |
- |
|
Cash received conible debens inssuance |
2.4 |
- |
- |
- |
- |
|
Cash paied conible debens inssuance |
-0.3 |
- |
- |
- |
- |
|
Cash from Financing Activities |
7.0 |
3.1 |
0.4 |
0.8 |
0.2 |
|
|
|
|
|
|
|
|
Net Change in Cash |
0.8 |
-0.3 |
0.3 |
0.4 |
1.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
0.3 |
0.3 |
0.0 |
0.0 |
0.0 |
|
Net Cash - Ending Balance |
1.1 |
0.0 |
0.3 |
0.4 |
1.1 |
|
Cash Interest Paid |
0.1 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Cash Taxes Paid |
0.1 |
0.0 |
0.1 |
0.0 |
0.0 |
Geographic Segments
Financials in: As Reported (mil)
|
||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||
Geographic Segments
Financials in: As Reported (mil)
|
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|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.37 |
|
UK Pound |
1 |
Rs.78.50 |
|
Euro |
1 |
Rs.67.59 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.