SCI Annual Report 2015

Relationship
Name of Interested
or Related party/
Company
- This is a related
company.
- A director of the
Company, namely,
Mr. Kriangkrai
Pheanvitayaskul
serves as director
in STAR and hold
shares representing
33.33 percent as
31 December 2015.
FRP Co.,Ltd** holds
shares representing
16.67 percent as
at 31 December
2015.
- Shareholder of SCI
Nature of
Transaction
Sale
Trade receivable
Rental income
Other receivable
Transaction value
(Million Baht)
Of 2014 Of 2015 As at 31/12/14 As at 31/12/15
- 15.61 - -
-
0.01
-
-
0.02
-
Transaction balance
(Million Baht) Necessity/Justification
9.30
-
-
15.03
-
0.08
SCIMT, a subsidiary, sold
concrete sleeper.
STAR RAIL Co.,Ltd.
(“STAR”)
Nature of business:
Manufacturer of
concrete sleeper,
railway steel
support and others
railway products.
- A director of the
Company, namely,
Mr. Kuniyoshi Mito
serves as executive
director in
AG AJIKAWA
CORPORATION,
Japan.
Sale
Trade receivable
Engineering
consultation
service
6.60
-
6.21
-
-
2.93
-
-
SCIMT, a subsidiary, lease out
space for STAR’s office.
SCIMT, a subsidiary, sold
substation.
2.92 2.01 - - SCIMT, a subsidiary, received
engineering consultation
service.
Opinion of the Board
and the Audit
Committee
The transaction
reasonable to
company’s operation.
The prize are close
to market price,
representing an ordinary
course of business.
The rental rate are
close to market price,
representing an ordinary
course of business.
AG AJIKAWA
CORPORATION
(Japan)
However, the transaction
was ceased since
August 2015.
The transaction is
reasonable to
company’s operation.
The prize are close to
market price, representing
an ordinary course of
business.
The transaction is
reasonable to a
subsidiary’s operation
The service charge is
based on the agreed
rate as mentioned in
contract.
Nature of business:
Provide technical
service related to
steel tower supply
Annual Report 2015
179