DOCSLIB.ORG

Annual Report 2020 Index International Group Public Company Limited

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2020 Index International Group Public Company Limited ANNUAL REPORT 2020 INDEX INTERNATIONAL GROUP PUBLIC COMPANY LIMITED TOGETHER FOR THE BETTER OPENING CEREMONY OF "THE FIRST DAY OF TRADING IN THE MAI STOCK EXCHANGE" INDEX INTERNATIONAL GROUP PUBLIC COMPANY LIMITED on Tuesday, 22 December 2020, 9:00 a.m. - 10: 20 a.m. at Sukree Kaewcharoen Auditorium, Building B, 3rd Floor, Stock Exchange of Thailand. ANNUAL REPORT 2020 INDEX INTERNATIONAL GROUP PUBLIC COMPANY LIMITED 01 "Think and Work Successfully" with the commitment to develop engineering progress and customers' impression and move forward to international standards. ANNUAL REPORT 2020 02 INDEX INTERNATIONAL GROUP PUBLIC COMPANY LIMITED PCL. 38 YEARS OF PRIDE CONTENTS 05 Vision & Mission 06 Messages from the Chairman of the Board of Directors 08 Message from the Chairman of the Executive Committee and the Chief Executive Officer 10 Board of Directors and Management Team 16 Organization Chart 17 General Information 18 Significant Financial Data 20 Policy and Overview of Business Operation 27 Nature of Business 48 Risk Factors 51 Assets used for Business Operations 53 Legal Disputes 54 Information on Securities and Shareholders 56 Management Structure 70 Corporate Governance 100 Corporate Social Responsibility 108 Internal Control and Risk Management 110 Related Party Transaction 118 Significant Financial Information 128 Management Discussion and Analysis 137 Report on the Board of Directors’ Responsibilites for the Financial Statements 138 Report on Performances of Audit Committee for the Year 2020 141 Independent Auditor’s Report 146 Financial Statements ANNUAL REPORT 2020 04 INDEX INTERNATIONAL GROUP PUBLIC COMPANY LIMITED Integrity & Innovation Infrastructure Development Engineering Experience ANNUAL REPORT 2020 INDEX INTERNATIONAL GROUP PUBLIC COMPANY LIMITED 05 VISION It is a leading engineering consulting company and a leader in the business of design and construction for the investment in infrastructures, public utilities, and real estate with comprehensive services. It operates its business with the good governance system to employers, shareholders and employees, and also develops the organization to be a learning organization in order to increase the competency of personnel. MISSION DEVELOPING THE EXPANDING CREATING WORKS ORGANIZATION BUSINESS that are beneficial to towards engineering in terms of infrastructure employers and society and excellence and project and real estate being responsible for management development with the community and innovation quality works environment CONTINUOUSLY ENSURING SUPPORTING the quality of work life of all the development of employees at all levels in the employees’ capabilities organization for professional works ANNUAL REPORT 2020 06 INDEX INTERNATIONAL GROUP PUBLIC COMPANY LIMITED MESSAGES FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS We would like to confirm our intention to lead the Company to be the leading architectural and engineering company in various fields with quality and transparency and aim to be the company with good corporate governance. Index International Group Public Company Limited cities, and renewable energy and oil depots, including was established to provide engineering consultation other projects in consistent with the development and services in terms of study, survey and feasibility study of progress of the nation. projects, conceptual design and detailed design, project management and construction supervision, and design- The year 2020 was an important year because the build services to both public and private sectors by a Company was listed on the Market for Alternative team of experienced and skilled engineers and architects. Investment (MAI), which was an important step in creating business opportunities and fundraising. This Over 38 years, the Company has operated its business also made the Company to be reliable and widely known with integrity and also built confidence. We are proud by domestic and international investors and the general to be a part of the country's economic development public. Although it was the period that Thailand and through large-scale projects of public and private the world had encountered with the Coronavirus 2019 sectors. We developed public utilities system and outbreak affecting all business sectors, the Company still infrastructure in terms of transportation, road network, operated its business with commitment in accordance public transportation system, and air, water and pipeline with good corporate governance principles and the transportation, and also developed logistics system emphasis on integrity and morality in business operation, management standards which facilitate and enhance along with the awareness of the importance of corporate the efficiency of transportation, development of main social and environmental responsibility. ANNUAL REPORT 2020 INDEX INTERNATIONAL GROUP PUBLIC COMPANY LIMITED 07 On behalf of the Board of Directors of Index International Group Public Company Limited, I would like to thank all shareholders, customers, business partners, sponsors of the Company, executives, and employees on this occasion and would like to confirm our intention to lead the Company to be the leading architectural and engineering company in various fields with quality and transparency and aim to be the company with good corporate governance according to international standards in order to further create satisfaction and the highest reliability for shareholders and customers. On behalf of the Board of Directors General Wuttinun Leelayudth Chairman of the Board of Directors ANNUAL REPORT 2020 08 INDEX INTERNATIONAL GROUP PUBLIC COMPANY LIMITED MESSAGE FROM THE CHAIRMAN OF THE EXECUTIVE COMMITTEE AND THE CHIEF EXECUTIVE OFFICER The Company is ready to drive any operations according to the plans by selecting projects that will be beneficial to the society and the nation, integrating expertise in providing services to customers with its full potential, integrity, and honesty based on the good governance principles while contributing to the community, social and environmental development. Index International Group Public Company Limited is on hand, pending for revenue recognition in the following a leading engineering consultation company which has years (Backlog) in the amount of approximately 359.86 involved in the design and project management to develop million Baht. public utilities system and infrastructure of the government sector. With experiences in more than 300 projects, the Regarding the new projects signed by the Company in 2020, Company has created effective works which gain the there were 9 projects worth over 517 million Baht, including; confidence and trust from domestic and international • Project of aviation fuel storage tank design and customers in the public and private sectors. The success over construction (T-2306) with related system equipment 38 years is the proof that the Company has high professional at Suvarnabhumi Aviation Fuel Storage Station knowledge and expertise in architecture and engineering in • Project of the 4-lane highway survey and design, Phanat all areas, which is the strength of the Company. In addition, Nikhom bypass (Northern part) the Company is also committed to developing its competency • Project of land leveling supervision for the construction in providing integrated services while building business of the taxiway 1 and the apron of the Aircraft network alliances to strengthen its strength, provide more Maintenance Center, U-Tapao Airport comprehensive services, and increase the competitiveness • Project of economic, engineering and environmental of the organization. impact feasibility study for the construction of the connected highway network, Udon Thani - Bueng Kan The Company's operating results in 2020 increased which Province was close to the specified goal. This was the impact from • Project of inspection and certification of conditions of the crisis of the coronavirus 2019 outbreak encountered by the Second Stage Expressway, A, B and C Parts the world. Especially in the first half of the year 2020, the • Consultation services for inspecting detailed design of Company was adversely affected by the economic slowdown. Thailand-China Railway Cooperation Project, Bangkok The sudden decrease in demand in the industrial sector - Nong Khai Section (Phase 2) resulted in the delay of implementation of investment projects • Feasibility study of the construction of Bueng Kan Airport in any public utilities system, including construction projects • Project of conceptual design and cost estimation for the of the government sector. In 2020, the Company had the construction of the northern oil pipeline transportation total revenue of 576.81 million Baht, the total expenses of system (Saraburi - Ang Thong) 559.03 million Baht, the total assets of 725.08 million Baht, • Consultation services for detailed design of Thailand - and the total liabilities of 364.82 million Baht. The Company China Railway Cooperation Project, Bangkok - Nong was able to earn the net profit of 17.78 million Baht. At the Khai Section (Phase 2 Bangkok - Nong Khai Section) end of the year 2020, the Company had the amount of work ANNUAL REPORT 2020 INDEX INTERNATIONAL GROUP PUBLIC COMPANY LIMITED 09 Regarding the large-scale projects implemented by the Company in the previous year, the implementation of many projects has progressed and is nearly completed, such as • Project of management consultation for MRT blue line extension project • Design-build project of Phichit oil depot • Design-build project
Load more

Recommended publications
  • Contesting Rights Over Land: a Case Study of Landless Farmers' Social
    A paper for Politics of the Commons: Articulating Development and Strengthening Local Practices, Chiang Mai, Thailand, July 11-14, 2003 Contesting Rights over Land: A Case Study of Landless Farmers’ Social Movement in Lamphun Province By Yuki Miyake Chiang Mai University Introduction In the past few decades, due to the intervention of the state and the market, more and more local people's struggles over access to resources, and related resistance have become the public in the 'Third World' (Robles 2001, Moore 1994, Kerkvliet 1993, Vandergeest 1993). Today’s landless farmers' movement over land and rights in Lamphun province, northern Thailand, is one of these. How the hegemonic ideology and structure is constructed in the northern Thailand in a way that leads to local farmers’ struggles, and how ideologically subordinate people respond to such hegemony through social movements is the subject of this study (Escober 1995 and 1984, Scott 1985, Gramsci 1974). By forming a social movement as their own discourse, the farmers contest the dominant discourse and claim their own ideas and values. I call these claims and actions by subordinate people against the dominant groups 'contestation.' In this paper, I would like to examine how landless farmers form their discourse and contest rights over land by combining a political ecology approach in a macro perspective with an ethnographic approach in a micro perspective. In the past, when land was abundant in Thailand, land did not have so much value and labor was considered more important than land under the tributary system (Kemp 1981, Vandergeest and Peluso 1995). However, since the Western ideas of nation-state sovereignty, of a legal system, and of market oriented structure were brought from the West at the end of nineteenth century, the situation has completely changed.
    [Show full text]
  • Name in Thesis
    PREDICTION OF FOREST TYPE DISTRIBUTION USING ECOLOGICAL MODELING IN PING BASIN, THAILAND Yaowaret Jantakat A Thesis Submitted in Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy in Geoinformatics Suranaree University of Technology Academic Year 2011 การทํานายการกระจายชนิดปาโดยอาศัยแบบจําลองทางนิเวศวิทยาในลุมน้ําปง ประเทศไทย นางสาวเยาวเรศ จันทะคัต วิทยานิพนธนี้เปนสวนหนึ่งของการศึกษาตามหลักสูตรปริญญาวิทยาศาสตรดุษฎีบัณฑิต สาขาวิชาภูมิสารสนเทศ มหาวิทยาลัยเทคโนโลยีสุรนารี ปการศึกษา 2554 PREDICTION OF FOREST TYPE DISTRIBUTION USING ECOLOGICAL MODELING IN PING BASIN, THAILAND Suranaree University of Technology has approved this thesis submitted in partial fulfillment of the requirements for the Degree of Doctor of Philosophy. Thesis Examining Committee _______________________________ (Asst. Prof. Dr. Sunya Sarapirome) Chairperson _______________________________ (Asst. Prof. Dr. Suwit Ongsomwang) Member (Thesis Advisor) _______________________________ (Assoc. Prof. Dr. Sura Pattanakiat) Member _______________________________ (Assoc. Prof. Dr. Yongyut Trisurat) Member _______________________________ (Asst. Prof. Dr. Songkot Dasananda) Member ________________________________ _______________________________ (Prof. Dr. Sukit Limpijumnong) (Assoc. Prof. Dr. Prapun Manyum) Vice Rector for Academic Affairs Dean of Institute of Science เยาวเรศ จันทะคัต : การทํานายการกระจายของชนิดปาโดยอาศัยแบบจําลองทาง นิเวศวิทยาในลุมน้ําปง ประเทศไทย (PREDICTION OF FOREST TYPE DISTRIBUTION USING ECOLOGICAL MODELING IN PING BASIN, THAILAND)
    [Show full text]
  • Principal Capital Public Company Limited
    Principal Capital Public Company Limited Annual Report 2020 Purpose “A Corporation that attracts and nurtures people with compassion, in order to provide care to our customers, the community and society.” Vision PRINC will become more healthcare focused, invest in healthcare property and be a trusted hospital management organization with emphasis on digitalization and efficiency, while fully utilize the properties we currently own, for the utmost benefits of all stakeholders. Mission • To take part in enhancing the health of the community through building hospitals in areas with shortages for the benefit of people in the community and society and creating a sustainable healthy society. • To provide professional hospital management services, along with non-medical shared services, to our subsidiary hospitals as well as our partner hospitals. • To efficiently operate the hospital, with the use of IT, to deliver the desired outcomes in every perspective including financial, service quality, • and customer satisfaction. • To strengthen our network of hospitals through partnership and new acquisitions. • To develop viable health-related projects to serve potential markets both in our own properties and in new promising sites. • To continually develop our human resources to be competent with up-to-date technology, enhanced with new capabilities, and adaptive to our fast-growing organizations and to instill giver’s consciousness among them so that they, in turn, deliver heartfelt service to the community and society. • Determine to develop excellence
    [Show full text]
  • 24/7 Emergency Operation Center for Flood, Storm And
    No. 36/2011, Friday, September 30, 2011, 11:00 AM 24/7 Emergency Operation Center for Flood, Storm and DATE: Thursday, September 30, TIME: LOCATION: Meeting Room 2, Ministry of 2011 09.00 Interior CHAIRPERSON: Mr. Panu Yamsri, Director of Disaster Mitigation Directing Center 1. CURRENT SITUATION 1.1 Current flooded provinces: there are 23 recent flooded provinces: Sukhothai, Phichit, Phitsanulok, Nakhon Sawan, Uthai Thani, Chai Nat, Sing Buri, Ang Thong, Phra Nakhon Si Ayutthaya, Lopburi, Sara Buri, Suphan Buri, Nakhon Pathom, Pathumthani, Nonthaburi, Ubon Ratchathani, Khon Kaen, Chacheongsao, Nakhon Nayok, Prachinburi, Chaiyaphum, Srisaket and Surin. The total of 160 Districts, 1,158 Sub-Districts, 8,618 Villages, 591,592 families and/or 1,894,792 people are affected by the flood. The total fatalities are 188 deaths and 3 missing. (Missing: 1 in Mae Hong Son, 1 in Uttaradit and 1 in Chiang Mai) 1.2 Amount of Rainfall: The heaviest rainfall in the past 24 hours is in Klong Plu Sub-District, Khao Kitchakut District, Chantaburi Province at 86 mm. 1.3 Estimate Losses and Damages: 1.3.1 Agricultural impact: Farming areas which would be affected are estimated at 6,157,916 rai; 90,242 rai of fish/shrimp ponds and 6.94 million of livestock (source: Ministry of Agriculture and Cooperatives as of 19 September 2011). 1.3.2 Transportation Routes: Highway: 38 main highways in 10 provinces are flooded and cannot be passed. For more information, contact 1568 or DDPM Hotline 1784. Rural roads: 86 rural roads in 18 provinces are not passable. Additional inquiry, call 1146.
    [Show full text]
  • Draft MTR Thailand
    Kingdom of Thailand Ministry of Natural Resources and Environment Department of National Parks, Wildlife and Plant Conservation Forest Carbon Partnership Facility(FCPF) REDD+ Readiness Project Mid-Term ReviewV2.3 Grant TF0A0984 September 2020 Acronyms and Abbreviations ADB Asian Development Bank AGB Above Ground Biomass AIPP Asia Indigenous People Pact Foundation AMBIF ASEAN+3 Multi-Currency Bond Issuance Framework ASFCC ASEAN-Swiss Partnership on Social Forestry and Climate Change AWG-SF ASEAN Working Group on Social Forestry BAAC Bank for Agriculture and Agricultural Cooperatives BGB Below Ground Biomass BSM Benefit Sharing Mechanism BUR Business as Usual Report CCMP Climate Change Master Plan CF Carbon Fund CFM Community Forest Management COC Chain of Custody CPMU Central Project Management Unit DEDE Department of Alternative Energy Development and Efficiency DNP Department of National Parks, Wildlife and Plant Conservation E&S Environmental and Social Safeguards EbA Ecosystem based-adaptation EGAT Electricity Generating Authority of Thailand EPPO Energy Policy and Planning Office ESMF Environmental Social Management Framework EU European Union EUTR EU Timber Regulation EWMI East-West Management Institute FCPF Forest Carbon Partnership Facility FGRM Feedback Grievance and Redress Mechanism FIO Forest Industry Organization FLEGT Forest Law Enforcement Governance and Trade FLOURISH Forest Landscape Restoration for Improved Livelihoods and Climate Resilience FLR Forest Landscape Restoration FSC Forest Stewardship Certification GFW Global
    [Show full text]
  • Evaluation of Lee Tha Model : Sustainable Water Management
    Evaluation of Lee Tha Model : Sustainable Water Management. This evaluation result was selected from the research of project on The Ping River Basin Development Project of the Armed Force Development Command, case study of Lee and Mae Tha river basin in fiscal year 2018, involving the achievement of the objectives of the initiative submitted for the UNPSA 2019 Award. 1. The essence of the project. 1.1 Objectives of the project. 1.1.1. To decrease hardship of people by developing water resources for sufficient water distribution to communities. 1.1.2 To improve the people’s quality of life 1.1.3 To reduce the conflict over the use of water resources. 1.1.4 To be unity in the community by participating in water resources management. 1.2 Area of operation. The upper Ping River Basin (Lee and Mae Tha tributaries). 2. Scope of assessment. 2.1 Target area. The area of collecting data was Lee and Mae Tha watershed (area responsible by The Armed Forces Development Command). The distance of Lee watershed is 120 km from Ban Wangsagang, Tambon Nong Long, Wiang Nong Long District, Lamphun Province to Ban Lee,Tambon Wang Din, Lee District, Lamphun Province. For the distance of Mae Tha watershed is 90 km from Ban Sop Tha, Tambon Pak Bong, Pa Sang District, Lamphun Province to Ban Mae Tha Nuea, Tambon Tha Nuea, Mae On District, Chiang Ma Province, including the whole project distance is 210 km. 2.2. Target population. 2.2.1 The population was the community who was stakeholders of The Ping River Basin Development Project (Lee and Mae Tha river basin).
    [Show full text]
  • Thailand's Rice Bowl : Perspectives on Agricultural and Social Change In
    Studies in Contemporary Thailand No. 12 Thailand's Rice Bowl Studies in Contemporary Thailand Edited by Prof. Erik Cohen, Sociology Department, Hebrew University, Jerusalem 1. Thai Society in Contemporary Perspective by Erik Cohen 2 The Rise and Fall of the Thai Absolute Monarchy by Chaiyan Rajchagool 3. Making Revolution: Insurgency of the Communist Party of Thailand in Structural Perspective by Tom Marks 4. Thai Tourism: Hill Tribes, Islands and Open-Ended Prostitution by Erik Cohen 5. Whose Place is this? Malay Rubber Producers and Thai Government Officials in Yala by Andrew Cornish 6. Central Authority and Local Democratization in Thailand: A Case Study from Chachoengsao Province by Michael H. Nelson 7. Traditional T'ai arts in Contemporary Perspective by Michael C. Howard, Wattana Wattanapun & Alec Gordon 8. Fishermen No More? Livelihood and Environment in Southern Thai Maritime Villages by Olli-Pekka Ruohomaki 9. The Chinese Vegetarian Festival in Phuket: Religion, Ethnicity, and Tourism on a Southern Thai Island by Erik Cohen 10.The Politics of Ruin and the Business of Nostalgia by Maurizio Peleggi 11.Environmental Protection and Rural Development in Thailand: Challenges and Opportunities by PhiIip Dearden (editor) Studies in Contemporary Thailand No. 12 Series Editor: Erik Cohen Thailand's Rice Bowl Perspectives on Agricultural and Social Change in the Chao Phraya Delta Francois Molle Thippawal Srijantr editors White Lotus Press ,,,lg,,! )~., I.""·,;,J,,,­ ';'~";' ;,., :Jt",{,·k'i";'<"H""~'1 Francois Molle and Thippawal Srijantr are affiliated to, respectively: Institut de Recherche pour le Developpement (IRD); 213 rue Lafayette 75480 ­ Paris CEDEX IO, France. Website: www.ird.fr Kasetsart University; 50 Phahonyothin Road, Chatuchak, Bangkok, I0900, Thailand.
    [Show full text]