SNC: Annual Report 2004

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Annual Report 2004

Transcript of SNC: Annual Report 2004

  • () SNC FORMER PUBLIC COMPANY LIMITED

  • test

  • 12

    3 4

    5

    7 9

    6

    8

    10

    1 Aluminium pipe

    2 Discharge pipe

    3 Suction pipe

    4 Hose Assy Auto

    5 Outlet pipe

    6 Inlet pipe

    7 Half union, Flare nut, Valve

    8 Beading

    9 Header jointing

    10 Flange

  • 12

    3

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    68

    10

    1 Outdoor Unit Air

    11 12

    13

    2 Solenoid Valve

    3 Strainer Assy

    4 Distributor Assy

    5 Pipe Assy

    6 Pipe Comp.

    7 Jointing

    8 Plate

    9 Tripod

    10 Half union

    11 Flare nut

    12 Flange

    13 Distributor

  • 1 Oil cooler

    2 Dis, pipe

    3 Pro. pipe

    4 Suc. IP.

    5 Muff. pipe

    6 Outer pipe

    7 Dis pipe

    8 Oil pipe

    9 Process tube

    10 Discharge tube

    11 Tube suction

    12 Tube oil supplier

    FIC

  • 61. 82. 123. 164. 185. 446. 507. 628. 689. 72

    10.

    ContentsMessage from the Chairman 71. General Information 92. Details of the Directors and Management 133. Highlights of Financial Performance 174. Type of Business 195. Risk Factors 456. The Shareholding Structure and the Management 517. Good Corporate Governance 638. Inter-Company Transactions 699. Explanation and Analysis of Financial statements 7310. Financial Statement

  • 2547 () (SNC FORMER

    PUBLIC COMPANY LIMITED)

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  • Message from the Chairman

    Message from the ChairmanYear 2004 was the year of pride for SNC Former Public Company Limited since we have moved on

    to another step in attaining our goals in both quality and service of our products---copper, brass andaluminum parts among our three main targeted customers: automotive, air-conditioning and compressorindustry.

    In 2004 we continually encountered economical fluctuation caused by external factors such asthe increase in oil price, Middle east war, plagues (SARS and the Bird Flu), and competitive market bothfrom foreign investment in Thailand and from low labour cost in china. However, as resulted from ouralliance strategy and cost reduction offer for customers by developing our operation management, westill remain successful in our business and be able to turn a profit to our dearest shareholders. Weconcentrate on international-quality service, best benefit to our shareholders and good management aswell as integrated business planning to gain our competitive advantage in the world of globalization.

    One another mission is to evaluate our operation by following SETs evaluation system. Itestablishes credibility and optimal benefit to all stakeholders, and it contributes to the companysincreasing share value and continual growth.

    As stated above, as Executive committees and the Board of Directors, we promise that we willdo their best to follow the companys policy and lead SNC Former to Asias leading air-conditioningparts manufacturer. Also, we would like to be thankful for all managing directors, managers, operators,shareholders and any relevant persons who always support us.

    (Mr.Somsak Thaisa-nguanvorakul)Chairman

  • 1.

    1.1. ()

    , , (Metal Parts and PipeAssembly for Automobiles, Air Conditioners and Compressors) 200 103/25-34 17

    10540 0107574700376 www.sncformer.com 0-2705-0820-25, 0-2330-3483 0-2330-3481-82, 0-2705-6890

    1.2. -

    2 York Fujitsu 100 30 211/6 3 20230 0-3876-8970-74 0-3876-8975

    100

    5 103/9 17

    10540 0-2705-0820-25, 0-2330-3483 0-2330-3481-82, 0-2705-6890

    Mitsubishi Consumer Product

    Co.,Ltd. 100 10 103/8 17

    10540 0-2705-0820-25, 0-2330-3483 0-2330-3481-82, 0-2705-6890

    () / SNC FORMER PUBLIC COMPANY LIMITED

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    1. General Information

    1.1 The CompanyThe SNC Former Public Company Limited

    Manufactures metal parts, pipe assembly for automobiles, air conditioners, andcompressors Paid-up capital 200 million bahtLocation 103/25-34 Moo 17, Taparuk Road, Bangsaotong District,

    Sub Amphur Bangsaotong, Samutprakarn 10540Registration No. 0107574700376Homepage www.sncformer.comTelephone No. 0-2705-0820-5, 0-2330-3483Fax No. 0-2330-3481-82, 0-2705-6890

    1.2 Subsidiary and affiliated companyThe SNC Air-cond Company Limited

    Manufactures parts for house air conditioners for 2 main customers : York and Fujitsu100% held by the Company Paid-up capital 30 million bahtLocation 211/6 Moo 3, Sukhumvit Road, Sriracha District, Chonburi 20230Telephone No. 0-3876-8970-4Fax No. 0-3876-8975

    The SNC Comp Parts Company LimitedManufacturers metal parts for compressor 100% held by the Company Paid-up

    capital 5 million bahtLocation 103/9 Moo 17, Taparuk Road, Bangsaotong District,

    Sub Amphur Bangsaotong, Samutprakarn 10540Telephone No. 0-2705-0820-25, 0-2330-3483Fax No. 0-2330-3481, 0-2705-6890

    The SNC Cooling Supply Company LimitedManufacturers sets of air conditioner parts for Mitsubishi Consumer Product Company

    Limited 100% held by the Company Paid up capital 5 million bahtLocation 103/8 Moo 17, Taparuk Road, Bangsaotong District,

    Sub Amphur Bangsaotong, Samutprakarn 10540Telephone No. 0-2705-0820-25, 0-2330-3483Fax No. 0-2330-3481, 0-2705-6890

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    51 32 8 103/7 17

    10540 0-2705-0820-25, 0-2330-3483 0-2330-3481-82, 0-2705-6890

    100 14

    1.3.

    () 62 4,6,7 10110 02-359-1200-01

    3442

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    The SNC Pyongsan Evolution Company LimitedManufacturers sets of automobile air conditioner parts and room air conditioner parts

    for Korean product having assembly plant in Thailand 51% held by the Company Registeredcapital 32 million baht Paid up capital 8 million bahtLocation 103/7 Moo 17, Taparuk Road, Bangsaotong District,

    Sub Amphur Bangsaotong, Samutprakarn 10540Telephone No. 0-2705-0820-25, 0-2330-3483Fax No. 0-2330-3481, 0-2705-6890

    The SAS Innovation Company LimitedNo business operation at present 100% held by the Company Registered

    capital 14 million baht

    1.3 Other references

    Registrar The Thailand Securities Depository Company Limited62 The Stock Exchange of Thailand Building 4th, 6th, 7th FloorRatchadapisek Road, Klongtoey, Bangkok 10110 Tel: 0-2359-1200-01

    Auditor Mr. Anothai Leekitwattana CPA No. 3442Legal consultant Mr. Anek SuarodInvestor relations Mr. Surapol Yamkasem

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