SCI Annual Report 2015

Connected transactions
The transactions between the Company, Subsidiares, Related companies and any person who may have conflicts of interest can be summarises, as follows;
Opinion of the Board
and the Audit
Committee
Necessity/Justification
Transaction balance
(Million Baht)
Transaction value
(Million Baht)
Nature of
Transaction
Relationship
Of 2014 Of 2015 As at 31/12/14 As at 31/12/15
Name of Interested
or Related party/
Company
The transaction are beneficial
and reasonable
to both the Company
and subsidiaries.
Ms. Aunada Phruttinarakorn
and Mr. Sirichai Phurttinarakorn
contracted a guarantee to
secure loans in favour of the
Company to the financial institutions
without
considering any other
benefits.
Without
considering
any other
benefits.
Without
considering
any other
benefits.
Guarantees of
mortgage
contracts
without any
compensation
or other benefits.
Secure loan of the Company and a Subsidiary
Ms. Aunada
Phruttinarakorn
- -
- Director,
Chairman of
Executive
Committee and
Shareholder of SCI.
Without
considering
any other
benefits.
Without
considering
any other
benefits.
**During 2015,
some secure
loan have been
released by the
financial
institutions.
- Director, Chief
peration Officer
and Shareholder
of SCI.
Mr. Sirichai
Phurttinarakorn
- -
The transaction
are reasonable to
company’s operation.
46.76
62.27
Purchased
goods and
services
Trade payable
- This is a subsidiary
company which
SCI holds shares
representing 99.99
percent as at 31
Decmber 2015.
Transactions
Transactions
AJIKAWA &
SCI METAL TECH
Co., Ltd. (“SCIMT”)
The prize are close to
market price, representing
an ordinary course
of business..
The Company purchased both
se-mi finished goods and
finished goods as part of Cable
tray product.
The Company also purchased
hot-dip galvalnizes service as
major production part of cable
tray product.
8.26 3.74
-
-
The transactions were trading
of goods and services with
normal terms and conditions
when compared with non-related
customers.
175
Annual Report 2015