the purchaser for the outstanding amount. A part of the proceeds from the disposal of assets were used to pay down on the bank overdrafts and short- term loan outstanding in March 2017. The Company
2 new investors in Pace Project One Co., Ltd. and Pace Project Three Co., Ltd., the Company engaged independent financial advisory firm to measure the fair values of investments in these 2
Limited and the subsidiaries (Herein after called “The Group”) would like to submit Management’s Discussion and Analysis for Quarter / as follows:- . Nature of operations of the Group The Group has engaged
, the Company engaged an independent financial advisory to evaluate the fair value measurement of the investments by using income approach method and discounted cash flow to present value. As a result
land for Baht 166.54 million. In March 2017, the Group had transferred the ownership of the land to the purchaser since the Group has already received the payments from the purchaser for the outstanding
transferred the ownership of the land to the purchaser since the Group has already received the payments from the purchaser for the outstanding amount. For the financial statement ended December 31, 2017, the
the company and subsidiaries results in a decrease in the outstanding receivables and inventories. The Company and subsidiaries are principally engaged in the stainless steel coil processing, which
accounts receivable and inventories decreased due to sales and production which contracted considerably. The decrease in overall sales of the company and subsidiaries results in a decrease in the outstanding
of steel Relationship with the Company Business Partners Debt amount * 252.08 million Baht Debt to Sales ratio** 7.33% Provision for allowance for doubtful accounts 100% of outstanding balance due to
Company’s liquidity problem and inability to repay a large amount of debt. Through the years, the Company engaged in several debt restructurings, as in 2010, where the Company entered into an agreement for