market conditions remained subdued with downward pressure on HRC prices due to global trade tensions, high levels of imports and slowdown in Thai economy. While various representations are being made to

barely changed yoy. Cash and cash equivalent decreased 19% due to the spending of some internal cash flow to acquire the remaining shares of the subsidiary in 1Q’18. Trade receivable increased because of

significant changes Q3-2017 Q4-2016 Q3-2017 VS Q4-2016 (MB) (MB) % Cash and cash equivalent 1,258.8 1,873.9 (615.1) (32.8)% Current Investment – Trading Securities - 25.2 (25.2) (100.0)% Trade and Other

baht Million baht % Total Assets 457.86 459.46 1.60 0.35 Cash and cash equivalents 92.96 100.56 7.60 8.18 Trade and other account receivables 68.62 76.26 7.64 11.13 Inventories 110.48 99.55 (10.93) (9.89

the increase of trade receivables and unbilled receivables. The quality of assets Trade account receivables Unit: Million Baht Consolidated financial statements 31 March 2018 31 December 2017 Trade

นกัธุรกิจชำว อเมริกนั และเป็นผูก่้อตั้งบริษทั MDP ซ่ึงด ำเนินกิจกำรผลิตและจ ำหน่ำย PCD และ PCBN Cutting Tools อยูใ่นรัฐ Ohio ประเทศสหรัฐอเมริกำ Mr. Thomas Frakes เป็นผูท่ี้มีควำมรู้ควำมเช่ียวชำญเก่ียวกบั

assets increased amount Baht 8.49 million consisting of deposits for rental and service agreement amount Baht 7.65 million. In addition, trade and other receivable increased by Baht 114.41 million from

and repayment of short term loan from related parties Baht 166 million. (See more details in Statement of cash flows) Trade accounts receivable As of 30 September 2018, the Company and subsidiary has

: Cal-Comp Electronics (Thailand) PCL. (“CCET”) Type of fixed asset 1 set of pipe cutting machine, 1 set of vacuum package machine, and 1 set of jigs and fixtures 5 years of lifetime and 0.3 of used years

/2019 (3.43%). • The selling expenses of Q1/2020 is much lower due to cutting of unnecessary expenses. However, the administration expenses are almost unchanged because of fixed expenses such as salaries