English Version-- Contents
Total Page：16
File Type：pdf, Size：1020Kb
-- English Version-- Contents Vision Mission Corporate Information Financial Information Report of Audit Committee Board of Directors Message from Policy and Business Summary of Business CEO and MD Overview Characteristics Risk Factors Shareholders Dividend Policy Management Structure Good Corporate Corporate Social Internal Control Related Transactions Governance Responsibility and Risk Management Management Discussion The Responsibility for Financial Statements Note to the Financial and Analysis the Financial Reporting Statements of the Board of Directors Remarks:- “In this regards, investors may obtain further information from the Disclosure report concerning additional information (Form 56-1) at www.sec.or.th / www.set.or.th or www.synteccon.com” --Translate-- Vision “To be the leader in construction Industry which must be efficiently develop for the quality, timing, cost, safety, C.S.R. & environment at all time.” Mission 1. To develop personnel jobs skills & Technology in construction for higher accomplishment and good reputation of the organization. 2. To create engagement plan of innovation and make it happen in our jobs to be the leader in construction work. 3. To manage efficient cost for high ability of competition. 4. Keep mission statement to build trust and high satisfaction to the clients. 5. Take into consideration of safety, corporate social & environment responsibility with high standardize of constructions. --Translate-- Corporate Information General Information Name Syntec Construction Public Company Limited Business Type Construction Contracts and Civil Engineering Works Headquarter Address 555/7-11 Soi Sukhumvit 63 (Ekamai), Sukhumvit Road, Klong Ton Nua Sub-district, Wattana District, Bangkok 10110 Thailand Company Registration No. Registered as Juristic Person as Limited Public Company Act on October 14, 1992 (B.E. 2535), Registration No. 0107535000184 (Previously BorMorJor.51) Telephone (02) 381-6333 Facsimile (02) 711-4596 Homepage www.synteccon.com Investor Relation 0-2711-7423 or 0-2381-6333 # 5941 E-mail: [email protected] Registered Capital 1,600,000,000 Baht Common Stock 1,600,000,000 Shares Par Value 1.00 Baht per share Auditor Mr. Jadesada Hungsapruek: CPA License No. 3759 or Ms. Kannika Wipanurat: CPA License No. 7305 or Mr. Jirote Sirirorote: CPA License No. 5113 or Ms. Nongluk Pattanabundit: CPA License No. 4713 or Mrs. Soomana Saneewong Na-Ayutthaya : CPA License No.5897 Karin Audit Co., Ltd. 72 CAT Telecom Tower, Floor 24, Thailand Charoen Krung Road, Bangrak, Bangkok. 10500 Thailand Tel. (662) 105-4661 Fax. (662) 026-3760 Email: [email protected] Share Registrar Thailand Securities Depository Company Limited (TSD) The Stock Exchange of Thailand Building 93 Ratchadaphisek Road, Dindaeng, Sub-district, Dindaeng, District, Bangkok 10400 Tel. 0-2009-9000 Fax. 0-2-009-9991 Annual Report 2019 --Translate-- More than 10% of Shares held by Juristic Persons No. of No. of Shares Paid-up Shares’ Type of Company Name & Address Business Type Share Equity Entire Held by the Share Shares Company Capital (%) 1. SCR Asset Management Co., Ltd. 555/7-11 Soi Sukhumvit 63 (Ekamai), Development of Sukhumvit Road, Klongtoey-Nua Real Estate for 6,000,000 4,080,000 4,080,000 68.00 Ordinary Sub-district, Wattana District, Rent Bangkok 10110 2. Natural Hotel Sukhumvit Co., Ltd. Operation and Management for 555/5 Soi Sukhumvit63 (Ekamai), the Business of 1,500,000 375,000 375,000 25.00 Ordinary Sukhumvit Road, Klongton Nua Hotel & Service Sub-district, Wattana District, Apartment and Bangkok 10110 other properties Human 3. Natural Ville Service Apartment Resource and Management Co., Ltd. operation and management for 555/7-11 Soi Sukhumvit 63 (Ekamai), the Business of 20,000 19,997 19,997 99.98 Ordinary Sukhumvit Road, Klongton Nua Hotel& Service Sub-district, Wattana District, Apartment and Bangkok 10110 other Properties for Rent 4. CSM Capital Partners Co., Ltd. Investment and 555/7-11 Soi Sukhumvit 63 (Ekamai), Development on 11,750,000 7,050,000 7,050,000 60.00 Ordinary Sukhumvit Road, Klongton Nua Real Estates for Sub-district, Wattana District, Rent Bangkok 10110 5. PT Three Land Co., Ltd 555/11 Soi Sukhumvit 63 (Ekamai), Development of Sukhumvit Road, Klongton Nua Real Estate for 1,200,000 959,760 959,760 79.98 Ordinary Sub-district, Wattana District, Rent Bangkok 10110 6. JT Ten Co., Ltd 555/11 Soi Sukhumvit 63 (Ekamai), Development of Sukhumvit Road, Klongton Nua Real Estate for 1,400,000 1,189,720 1,189,720 84.98 Ordinary Sub-district, Wattana District, Rent Bangkok 10110 6. AN 8 Co., Ltd 555/7 Soi Sukhumvit 63 (Ekamai), Development of Sukhumvit Road, Klongton Nua Real Estate for 1,300,000 103,870,000 103,870,000 79.90 Ordinary Sub-district, Wattana District, Rent Bangkok 10110 6. SHG Management Co., Ltd Operation and 555/11 Soi Sukhumvit 63 (Ekamai), Management for 40,000 28,000 28,000 70.00 Ordinary Sukhumvit Road, Klongton Nua the Business of Sub-district, Wattana District, Hotel & Service Bangkok 10110 Other Important Information Other required importation information beneficial for the investors’ determination are appeared as shown in the Annual Registration Statement 2019 ( Form 56- 1 ) or www.synteccon.com topic “Investor News” sub-topic “Annual Registration Statement Form” Annual Report 2019 --Translate-- Financial Information Unit: Million Baht Company Financial Statements Consolidated Financial Statements Separated Financial Statements 2019 2018 2017 2019 2018 2017 Total Assets 10,248.16 10,294.81 9,930.95 7,975.49 7,837.61 7,664.37 Total Liabilities 4,008.11 4,230.14 4,367.24 2,101.93 2,182.47 2,529.70 Total Shareholders’ Equity 6,240.05 6,064.67 5,563.70 5,873.56 5,655.14 5,134.67 Revenue from construction 7,921.61 6,789.35 8,675.33 7,930.10 6,815.68 8,702.51 Revenue from Accommodation Service 461.40 419.76 389.25 103.58 114.24 119.38 Total Revenue 8,562.23 7,428.30 9,156.69 8,203.64 7,158.67 8,884.95 Gross Profit 992.24 1,175.52 1,794.57 915.62 1,054.81 1,697.09 Net Profit (Loss) 247.26 590.84 985.14 371.36 666.92 1,050.11 Earnings per Share 0.18 0.39 0.63 0.23 0.42 0.66 Financial Ratios Consolidated FS Separated FS 2019 2018 2017 2019 2018 2017 Liquidity Ratio Current Ratio (times) 1.56 1.67 1.71 2.18 2.23 1.84 Quick Ratio (times) 0.93 1.16 1.21 1.23 1.54 1.30 Account Receivable Turnover (times) 7.22 6.16 9.29 7.39 5.93 9.05 Average Collection Period (Days) 50.54 59.27 39.29 49.42 61.55 40.31 Inventory Turnover (times) 54.24 47.36 56.28 52.30 46.39 55.34 Average Inventory Days (Days) 7.71 7.71 6.49 6.98 7.87 6.60 Account Payment Turnover (times) 18.37 17.07 20.16 18.13 17.01 20.00 Average Payment Period (Days) 21.38 21.38 18.11 20.13 21.46 18.25 Cash Cycle (Days) 36.87 45.60 27.67 36.27 47.96 28.66 Profitability Ratio Gross Profit Margin (%) 13.76 16.31 19.80 11.40 15.22 19.24 Operating Profit Margin (%) 5.18 10.48 13.93 6.25 11.98 15.05 Net Profit Margin (%) 3.26 7.95 10.76 4.53 9.32 11.82 Return on Equity (%) 4.60 11.23 21.26 6.44 12.36 22.24 Efficiency Ratio Return on Assets (%) 2.40 5.84 10.13 4.70 8.60 14.10 Return on Fixed Assets (%) 17.31 21.97 32.75 78.27 106.59 140.93 Total Assets Turnover (times) 0.85 0.73 0.94 1.04 0.92 1.19 Leverage Ratio Debt Ratio (times) 0.39 0.41 0.44 0.26 0.28 0.33 Debt to Equity (times) 0.66 0.70 0.78 0.26 0.39 0.49 Interest coverage ratio (time) 5.99 1.27 13.44 39,812.73 4.43 449.70 Annual Report 2019 --Translate-- The Calculation Formula of Financial Ratios Liquidity Ratio Liquidity Ratio Current Assets Inventory Turnover (times) Cost of Sales + Selling Expenses Current Liabilities Average Inventory Cash + Current Investment+Net Account Payment Turnover Quick Ratio (Times) Receivables (times) Cost of Sales + Selling Expenses Total Current Liabilities Average Accounts Payable Account Receivable Average Inventory Days Turnover (times) Net Sales (days) 365 Average Gross Account Receivables Inventory Turnover (times) Average Payment Period Average Collection Period 365 (days) 365 (Days) Account Receivable Turnover (times) Account Payment Turnover (times) Cash Cycle (days) Collection Period+Average Inventory Day Average Payment Period Profitability Ratios Gross Profit Margin (%) Revenue - cost Net Profit Margin (%) Net Profit (Loss) Revenue Total Revenue Operating Profit Margin (%) Earnings before Tax Return on Equity (%) Net Profit (Loss) Revenue Total Return on Equity Efficiency Ratio Net Profit + Depreciation + Return on Assets (%) Net Profit Return on Fixed Assets (%) Amortization Property, plant and equipment Total Assets (Average) (Average) Total Assets Turnover (times) Total Revenue Total Assets (Average) Leverage Ratio Debt Ratio (times) Total Liabilities Debt to Equity (times) Total Liabilities Total Assets Total shareholders' equity Interest coverage ratio (times) Cash Flows from Operating Activities interest Annual Report 2019 --Translate-- Financial outstanding comparing 5 years (consolidated financial statement) Net profit (million baht) Total revenue (million baht) 8,562.23 9,156.69 985.14 7,428.30 8,028.12 7,374.36 852.07 590.84 627.57 247.26 2019 2018 2017 2016 2015 2019 2018 2017 2016 2015 Statement of financial position (million baht) Assets Liabilities Shareholders’ equity 10,294.81 10,248.16 9,930.95 9,523.22 6,721.83 6,240.05 6,064.67 5,563.70 4,802.19 4,721.02 4,367.24 4,230.14 3,612.27 4,008.11 3,109.56 2019 2018 2017 2016 2015 Liquidity ratio (times) Debt to Equity ratio (times) Primary earnings per share (baht) 1.67 1.71 0.98 0.63 1.56 1.42 1.32 0.78 0.86 0.54 0.66 0.70 0.39 0.40 0.18 2019 2018 2017 2016 2015 2019 2018 2017 2016 2015 2019 2018 2017 2016 2015 Annual Report 2019 --Translate-- Report of Audit Committee The Company’s Audit Committee is appointed by the Board of Directors and consists of 3 independent directors who performs their duties independently as assigned by the Board of Directors and according to the audit committee charter.