1

ARK BKK SERVICE CO., LTD.
Silom Office: No.5 Sitthivorakit Building, 11th Fl., Room B, Soi Pipat
Silom Road, Silom, Bangrak, Bangkok 10500 THAILAND
Tel: 0-2634-1935-6,

CLIENT
REF. NO.
OUR REFERENCEDATE OF INQUIRYDATE OF ISSUE

:
:
:
:
:

E-MAIL: biz@ark.asia

xxxxxxxxxxxxxxxCO., LTD.
AR-3 Sample Report
JULY 6, 2020
JULY 11, 2020

ABC COMPANY LIMITEDSUMMARY
BUSINESS ADDRESS:

xxxxxxxxxxxxxxxxxxxxx, A. MUANG,SAMUTSAKORN 74000, THAILAND[66] xxxxxxxx, xxxxxxxx, xxxxxxx
xxxxxxxxx[66] xxxxxx

TELEPHONE:

FAX
E-MAIL ADDRESSREGISTRATION ADDRESS:::ESTABLISHEDREGISTRATION NO.
TAX ID NO.
CAPITAL REGISTEREDCAPITAL PAID-UP
SHAREHOLDER’S PROPORTION

:
:
:
:
:
:

FISCAL YEAR CLOSING DATELEGAL STATUS
EXECUTIVE:::

NO. OF STAFF
LINES OF BUSINESS

:
:

400
POWER COMPONENTS
MANUFACTURER, DISTRIBUTOR & EXPORTER

:
:
:
:

STABLEOPERATING NORMALLYFAIR WITH NORMAL BUSINESS ENGAGEMENTMANAGEMENT WITH FAIR PERFORMANCE

info@abcd.com
SAME AS BUSINESS ADDRESS
1990
010xxxxxxxxx [Former : 194/2533]
3101xxxxx
BHT. xx,000,000
BHT. xx,000,000
THAI: 51.00%
JAPANESE: 49.00%
DECEMBER 31
PRIVATE LIMITED COMPANY
MRS. XXXXXX, JAPANESEPRESIDENTCORPORATE PROFILEOPERATING TRENDPRESENT SITUATIONREPUTATIONMANAGEMENT STANDARD

The information given in this report is furnished by ARK BKK Service Co., Ltd. It is taken from sources to be reliable. But neither it nor theopinions expressed are guaranteed and they are given by us and accepted by you. The inquirer agrees to hold it in strict confidential for thisown exclusive use and accept personal responsibility for any damage arising from a violation of communicating such information as containedin this report.

ARK BKK SERVICE CO., LTD.
Silom Office: No.5 Sitthivorakit Building, 11th Fl., Room B, Soi Pipat
Silom Road, Silom, Bangrak, Bangkok 10500 THAILAND
Tel: 0-2634-1935-6,

E-MAIL: biz@ark.asia

HISTORY
The subject was established on xxxxx, 19xx as a private limited company under
the name style ABC COMPANY LIMITED by Thai and Japanese groups, in order tomanufacture power component for local and overseas markets. It currently employs
400 staff.
The products have been tested and approved by various safety agencies such as UL,
CSA, TUV, ETL, DEMKO, PSE, and much more have been well-selling in Europe,
U.S.A. Japan and local markets.
The subject achieved the ISO 9001 : 2000 certified manufacturer of various power
suppliers and coils with BOI Promotion.
The subject’s registered address is xxxxxxxxxxxxxxx, A. Muang, Samutsakorn 74000,
and this is the subject current operation address.
THE BOARD OF DIRECTOR
Name
Mrs. XXXXXXX
Mrs. XXXXXXX
Mr. XXXXXXX
Mrs. XXXXXXX
Mr. XXXXXXX
Mr. XXXXXXX

[x]
[-]
[-]

Nationality

Age

Japanese
Thai
Thai
Thai
JapaneseJapanese

63
46
47
51
79
54

AUTHORIZED PERSON
The mentioned director [x] can sign or one of the directors [-] can jointly sign with
one of the rest directors on behalf of the subject with company’s affixed.
MANAGEMENT
Mrs. XXXXXXX is the President.
She is Japanese nationality with the age of 63 years old.
Mr. XXXXXXX is the Managing Director.
He is Japanese nationality with the age of 79 years old.
Mr. XXXXXXX is the Production Manager.
He is Thai nationality.

2

ARK BKK SERVICE CO., LTD.
Silom Office: No.5 Sitthivorakit Building, 11th Fl., Room B, Soi Pipat
Silom Road, Silom, Bangrak, Bangkok 10500 THAILAND
Tel: 0-2634-1935-6,

E-MAIL: biz@ark.asia

BUSINESS OPERATIONSThe subject is engaged in manufacturing, exporting & distributing various kinds ofelectrical equipment, such as EI Power Transformer, UI Power Transformer, Cut-Core
Power
Transformer,
Toroidal Transformer,
SwitchingTransformer,
Specialty
Transformer, Choke Coil & Common Mode, Choke, Choke Coil Line Filter, AC/AC,
AC/DC Adapters, Linear Regulated Power Supply, Battery Chargers, PCB Assembly,
HID Electronic Ballast for Lamp 35W., 50W. and 3-Phase Transformer.
PRODUCTION CAPACITY
Switching Transformer
Power Transformer
Adapter
Linear Power Supply
Coil Ass’y: 600,000 pieces/month: 250,000 pieces/month: 200,000 pieces/month:
40,000 pieces/month:
40,000 pieces/month

MAJOR BRAND“ABCD”
PURCHASE
Most of raw materials, machinery and equipment are purchased from suppliers inoverseas, such as Japan, United States of America, Taiwan, Republic of China andSingapore, the rest is purchased from local suppliers.
MAJOR SUPPLIERSXXXXXXX Co., Ltd.
XXXXXXX Co., Ltd.
XXXXXXX Co., Ltd.

: Japan: Japan: Japan

SALES [LOCAL]
60% of the products is sold by wholesale to local manufacturers and dealers, and therest 40% is exported to Japan, U.S.A., Malaysia and Singapore.
MAJOR CUSTOMERSXXXXXXX Co., Ltd.
XXXXXXX [Thailand] Co., Ltd.
XXXXXXX Corporation
XXXXXXX
XXXXXXX Inc.

: Japan: Japan: Japan: Malaysia: U.S.A.

3

ARK BKK SERVICE CO., LTD.
Silom Office: No.5 Sitthivorakit Building, 11th Fl., Room B, Soi Pipat
Silom Road, Silom, Bangrak, Bangkok 10500 THAILAND
Tel: 0-2634-1935-6,

E-MAIL: biz@ark.asia

LITIGATION
Bankruptcy and Receivership
There are no litigation on bankruptcy and receivership cases filed against the subject
found at Legal Execution Department for the past five years.
OthersThere are no legal suits filed against the subject according to ARK’S DATABASE for
the past two years.
SUBSIDIARY AND AFFILIATED COMPANY
The subject is not found to have any subsidiary or affiliated company here in
Thailand.
CREDIT
Sales are on the credits term of 30-60 days.
Local bills are paid by cash or on the credits term of 30-60 days.
Imports are by L/C at sight or T/T & D/A.
Exports are against L/C at sight or T/T.
BUSINESS TRANSACTION
The products are sold by credit, with the maximum credit given at 30-60 days. The
subject is not found to have problem on its account receivable.
BANKING
Bangkok Bank Public Co., Ltd.
[Mahachai Branch: T. Mahachai, A. Muang, Samutsakorn 74000]
Bank of Tokyo-Mitsubishi UFJ Ltd.
[Bangkok Office : 54 Harinton Tower, North Sathorn Rd., Bangrak, Bangkok 10500]
EMPLOYMENTThe subject employs 400 staff consist of:- Office staff- QC & QA staff- Workers
LOCATION DETAILS
4

ARK BKK SERVICE CO., LTD.
Silom Office: No.5 Sitthivorakit Building, 11th Fl., Room B, Soi Pipat
Silom Road, Silom, Bangrak, Bangkok 10500 THAILAND
Tel: 0-2634-1935-6,

E-MAIL: biz@ark.asia

The premise is owned for administrative office, factory and warehouse at the heading
address. Premise is located in upcountry.
Factory area : 900 m2 x 2
Branch : xxxxxxxxxxxxxxxxxx, A. Muang, Samutsakorn 74000.
COMMENT
Domestic industrial expansion and new investment have resulted with increasing of electricalequipment. The subject is in a good position. The subject has secured long term agreement as
its products were materials for various industries.
FINANCIAL INFORMATIONThe capital was initially registered at Bht. 10,000,000 divided into 10,000 shares ofBht. 1,000 each.
The capital was increased later as follows:
Bht.
Bht.

xx,000,000 on xxxxxxxxxx, 19xx
xx,000,000 on xxxxxxxxxx, 20xx

The latest registered capital was increased to Bht. 95,000,000 divided into 95,000
shares of Bht. 1,000 each with fully paid.

5

ARK BKK SERVICE CO., LTD.
Silom Office: No.5 Sitthivorakit Building, 11th Fl., Room B, Soi Pipat
Silom Road, Silom, Bangrak, Bangkok 10500 THAILAND
Tel: 0-2634-1935-6,

E-MAIL: biz@ark.asia

THE SHAREHOLDERS LISTED WERE : [as at April 30, 2018]
NAME
Mrs. XXXXXXX
Nationality: Japanese
Address : Japan
Mrs. XXXXXXX
Nationality: Thai
Address : xxxxxxxxxxxx, A. Budhamonthon,
Nakornpathom
Mr. XXXXXXX
Nationality: Thai
Address : xxxxxxxxxxxxxx, Pasicharoen,
Bangkok
Mrs. XXXXXXX
Nationality: Thai
Address : xxxxxxxxxxxxxx, T. Bangnamjued,
A. Muang, Samutsakorn
Ms. XXXXXXX
Nationality: Thai
Address : xxxxxxxxxxx, T. Thapoe, A. Muang,
Pisanulok
Mr. XXXXXXX
Nationality: Thai
Address : xxxxxxxxxxxxxxxx, Prachauthit Rd.,
Thungkru,
Bangkok
Ms. XXXXXXX
Nationality: Thai
Address : 115 Moo 9, T. Koktan, A. Pusingh,
Srisaket
XXXXXXX Ltd.
Nationality: Thai
Address : xxxxxxxxxxxxxxx., T. Bangnamjued,
A. Muang, Samutsakorn

HOLDING%46,550

49.00

8,500

8.95

7,550

7.95

7,550

7.95

7,550

7.95

7,550

7.95

7,550

7.95

2,200

2.30

Total Shareholders : 8

Share Structure [as at April 30, 2018]
6

ARK BKK SERVICE CO., LTD.
Silom Office: No.5 Sitthivorakit Building, 11th Fl., Room B, Soi Pipat
Silom Road, Silom, Bangrak, Bangkok 10500 THAILAND
Tel: 0-2634-1935-6,

E-MAIL: biz@ark.asia

Nationality

Shareholders

No. of Share% Shares

Thai
Foreign - Japanese7
148,45046,550

51.00
49.00

Total

8

95,000100.00

NAME OF AUDITOR & CERTIFIED PUBLIC ACCOUNTANT NO. :Mr. xxxxxxxxxx No. xxxxx

BALANCE SHEET [BAHT]
The latest financial figures published for December 31, 2019 & 2018 were:
ASSETS
Current Assets

2019

2018

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Investment in Subsidiaries
Fixed Assets
Other Assets
Cash at Bank Pledged as a Collateral
Intangible Assets
OthersXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Total Assets

XXXXXXXXXXXX

Cash and Cash Equivalents
Trade Accounts & Other Receivable
Short-term Lending
Inventories
Other Current Assets
Total Current Assets

7

ARK BKK SERVICE CO., LTD.
Silom Office: No.5 Sitthivorakit Building, 11th Fl., Room B, Soi Pipat
Silom Road, Silom, Bangrak, Bangkok 10500 THAILAND
Tel: 0-2634-1935-6,

E-MAIL: biz@ark.asia

LIABILITIES & SHAREHOLDERS’ EQUITY [BAHT]
Current Liabilities

2019

2018

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Total Current LiabilitiesXXXXXXXXXXXX

Lease Contract Payable, Net
Obligation for Employee Benefit

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Capital Paid
Retained Earning - Unappropriated

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Total Shareholders' Equity

XXXXXXXXXXXX

Total Liabilities & Shareholders' Equity

XXXXXXXXXXXXBank Overdraft & Short-term Loan from
Financial Institutions
Trade Accounts & Other Payable
Current Portion of Lease Contract Payable
Short-term Loan from Person & Related
Company
Accrued Income Tax
Other Current Liabilities
Advance Payment
Other

Total Liabilities
Shareholders' Equity
Share capital : Baht 1,000 valueauthorized, issued and fully
paid share capital 95,000 shares

8

ARK BKK SERVICE CO., LTD.
Silom Office: No.5 Sitthivorakit Building, 11th Fl., Room B, Soi Pipat
Silom Road, Silom, Bangrak, Bangkok 10500 THAILAND
Tel: 0-2634-1935-6,

E-MAIL: biz@ark.asia

PROFIT & LOSS ACCOUNT
Revenue
Sales
Other Income
Gain from Exchange Rate
Interest Income
Other

2019

2018

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Total Revenues
Expenses
Cost of Goods Sold
Selling Expenses
Administrative Expenses
Total Expenses
Profit / Loss] before Financial Costs &Income Tax
Financial Costs
Profit / [Loss] before Income Tax
Income Tax
Net Profit / [Loss]

9

ARK BKK SERVICE CO., LTD.
Silom Office: No.5 Sitthivorakit Building, 11th Fl., Room B, Soi Pipat
Silom Road, Silom, Bangrak, Bangkok 10500 THAILAND
Tel: 0-2634-1935-6,

E-MAIL: biz@ark.asia

FINANCIAL ANALYSIS
ITEM

UNIT

2019

2018

LIQUIDITY RATIOCURRENT RATIOQUICK RATIO

TIMES
TIMES

0.78
0.42

0.92
0.58

ACTIVITY RATIOFIXED ASSETS TURNOVERTOTAL ASSETS TURNOVERINVENTORY CONVERSION PERIODINVENTORY TURNOVER
RECEIVABLES CONVERSION PERIODRECEIVABLES TURNOVERPAYABLES CONVERSION PERIODCASH CONVERSION CYCLE

TIMES
TIMES
DAYS
TIMES
DAYS
TIMES
DAYS
DAYS

11.05
0.94
106.27
3.43
93.72
3.89
112.64
87.35

12.43
1.05
79.17
4.61
102.29
3.57
93.50
87.97

PROFITABILITY RATIOCOST OF GOODS SOLDSELLING & ADMINISTRATIONINTERESTGROSS PROFIT MARGIN
NET PROFIT MARGIN BEFORE EX. ITEM
NET PROFIT MARGIN
RETURN ON EQUITYRETURN ON ASSETEARNING PER SHARE

%
%
%
%
%
%
%
%
BAHT

96.20
17.40
1.22
6.68
(10.72)(11.94)(44.66)(11.27)(309.57)

98.65
9.89
0.75
1.81
(8.07)(8.95)(27.64)(9.42)(277.13)

LEVERAGE RATIO
DEBT RATIO
DEBT TO EQUITY RATIOTIME INTEREST EARNED

TIMES
TIMES
TIMES

0.75
2.96
(8.80)

0.66
1.93(10.78)ANNUAL GROWTH
SALES GROWTH
OPERATING PROFITNET PROFITFIXED ASSETSTOTAL ASSETS

%
%
%
%
%

(16.26)
11.26(11.71)(5.82)(6.57)

10

ARK BKK SERVICE CO., LTD.
Silom Office: No.5 Sitthivorakit Building, 11th Fl., Room B, Soi Pipat
Silom Road, Silom, Bangrak, Bangkok 10500 THAILAND
Tel: 0-2634-1935-6,

10.00

E-MAIL: biz@ark.asia

6.68
1.81

0.00

2011

2010

-10.00-11.27PERCENT-11.94

-8.95

-9.42

-20.00-30.00-27.64-40.00-44.66-50.00GROSS PROFIT MARGIN
NET PROFIT MARGIN
RETURN ON EQUITYRETURN ON ASSETPROFITABILITY RATIO
Gross Profit Margin
Net Profit Margin
Return on Assets
Return on Equity

6.68(11.94)(11.27)(44.66)

Deteriorated
Deteriorated
Deteriorated
Deteriorated

Industrial Average
Industrial Average
Industrial Average
Industrial Average

17.68
3.83
3.86
6.07

Gross Profit Margin used to assess a firm's financial health by revealing the proportion ofmoney left over from revenues after accounting for the cost of goods sold. Gross profit margin
serves as the source for paying additional expenses and future savings. The company's figureis 6.68%. When compared with the industry average, the ratio of the company was lower,
indicated that company was originated from the problems with control over its costs.
Net Profit Margin is the indicator of the company's efficiency in that net profit takes into
consideration all expenses of the company. A low profit margin indicates a low margin ofsafety, higher risk that a decline in sales will erase profits and result in a net loss. The
company's figure is -11.94%. When compared with the industry average, the ratio of thecompany was lower.
Return on Assets measures how efficiently profits are being generated from the assets
employed in the business when compared with the ratios of firms in a similar business. A low
ratio in comparison with industry averages indicates an inefficient use of business assets.
When compared with the industry average, it was lower, the company's figure is -11.27%.

11

ARK BKK SERVICE CO., LTD.
Silom Office: No.5 Sitthivorakit Building, 11th Fl., Room B, Soi Pipat
Silom Road, Silom, Bangrak, Bangkok 10500 THAILAND
Tel: 0-2634-1935-6,

E-MAIL: biz@ark.asia

Return on Equity indicates how profitable a company is by comparing its net income to its
average shareholders' equity, ROE measures how much the shareholders earned for theirinvestment in the company. When compared with the industry average, it was lower, thecompany's figure is -44.66%.
Trend of the average competitors in the same industry for last 5 years
Return on Assets
Downtrend
Return on Equity
Downtrend
1.00
0.90

0.92130.80
0.70

0.7792TIMES

0.60
0.57860.50
0.40

0.4162

0.30
0.20
0.10
0.00

2011

2010

CURRENT RATIOQUICK RATIOLIQUIDITY RATIOCurrent Ratio
Quick Ratio
Cash Conversion Cycle

0.78
0.42
87.35

Risky

Industrial Average

1.59

The Current Ratio is to ascertain whether a company's short-term assets are readily available
to pay off its short-term liabilities. The company's figure is 0.78 times in 2011, decreased from
0.92 times, then the company may not be efficiently using its current assets. When comparedwith the industry average, the ratio of the company was lower.
The Quick Ratio is a liquidity indicator that further refines the current ratio by measuring theamount of the most liquid current assets there are to cover current liabilities. The company's
figure is 0.42 times in 2011, decreased from 0.58 times, then the company has not enoughcurrent assets that presumably can be quickly converted to cash for pay financial obligations.

12

ARK BKK SERVICE CO., LTD.
Silom Office: No.5 Sitthivorakit Building, 11th Fl., Room B, Soi Pipat
Silom Road, Silom, Bangrak, Bangkok 10500 THAILAND
Tel: 0-2634-1935-6,

E-MAIL: biz@ark.asia

The Cash Conversion Cycle measures the number of days a company's cash is tied up in the
production and sales process of its operations and the benefit from payment terms from its
creditors. It meant the company could survive when no cash inflow was received from sale for
88 days.
Trend of the average competitors in the same industry for last 5 years
Current Ratio
UptrendNo.5 Sitthivorakit Building,11th Fl., Room B, Soi Pipat
Silom Road, Silom, Bangrak, Bangkok 10500 THAILAND.
Tel: 0-2634-1935-6 E-MAIL :biz@ark.co.th

2010

2011
25.23
34.10

65.90
74.77

DEBT
EQUITY13

ARK BKK SERVICE CO., LTD.
Silom Office: No.5 Sitthivorakit Building, 11th Fl., Room B, Soi Pipat
Silom Road, Silom, Bangrak, Bangkok 10500 THAILAND
Tel: 0-2634-1935-6,

E-MAIL: biz@ark.asia

Leverage Ratio
4.00

2.96401.9330

2.00
0.00
TIMES

2011

2010

-2.00
-4.00
-6.00
-8.00
-10.00-8.7991-10.7801-12.00DEBT TO EQUITY RATIOTIME INTEREST EARNED

14

ARK BKK SERVICE CO., LTD.
Silom Office: No.5 Sitthivorakit Building, 11th Fl., Room B, Soi Pipat
Silom Road, Silom, Bangrak, Bangkok 10500 THAILAND
Tel: 0-2634-1935-6,

E-MAIL: biz@ark.asia

LEVERAGE RATIO
Debt Ratio
Debt to Equity Ratio
Times Interest Earned

0.75
2.96
(8.80)

Acceptable
Risky
Risky

Industrial Average
Industrial Average
Industrial Average

0.46
0.70
8.03

Debt to Equity Ratio a measurement of how much suppliers, lenders, creditors and obligors
have committed to the company versus what the shareholders have committed. A lower thepercentage means that the company is using less leverage and has a stronger equity position.
Times Interest Earned measuring a company's ability to meet its debt obligations. Ratio is -8.8
lower than 1, so the company is not generating enough cash from EBIT to meet its interest
obligations.
Debt Ratio shows the proportion of a company's assets which are financed through debt. The
company's figure is 0.75 greater than 0.5, most of the company's assets are financed throughdebt.
Trend of the average competitors in the same industry for last 5 years
Debt Ratio
Downtrend
Times Interest Earned
Uptrend120
100

112.64106.27102.29
93.72

DAYS

93.50

87.35

80

87.97

79.17

60
40
20
0

2011

2010
INVENTORY CONVERSION PERIODRECEIVABLES CONVERSION PERIODPAYABLES CONVERSION PERIODCASH CONVERSION CYCLE

15

ARK BKK SERVICE CO., LTD.
Silom Office: No.5 Sitthivorakit Building, 11th Fl., Room B, Soi Pipat
Silom Road, Silom, Bangrak, Bangkok 10500 THAILAND
Tel: 0-2634-1935-6,

E-MAIL: biz@ark.asia

ACTIVITY RATIO
Fixed Assets Turnover
Total Assets Turnover
Inventory Conversion
PeriodInventory Turnover
Receivables Conversion
PeriodReceivables Turnover
Payables Conversion
Period

11.05
0.94
106.27

Impressive
Impressive

Industrial Average
Industrial Average

2.21
0.90

3.43
93.72

Impressive

Industrial Average

2.80

3.89
112.64

Impressive

Industrial Average

3.28

Trend of the average competitors in the same industry for last 5 years
Fixed Assets TurnoverDowntrend
Total Assets TurnoverDowntrend
Inventory TurnoverDowntrend
Receivables TurnoverDowntrend16