2.  Operation of Hire Purchase Motorcycles

1.  Characteristic of Services

1)  Format of hire purchase motorcycles

  Hire Purchase Motorcycles consist of customer or debtor, dealer, and
  the hire purchase company. The range of hire purchase motorcycle term
  can be 6 months to 48 months. Whenever customer pays all installments
  and conducts completely according to hire purchase motorcycle
  contract, the title of motorcycle will belong to customer. The Company
  provides hire purchase motorcycle service through over 100 dealers in
  Bangkok, boundary, and upcountry.

  In 2004, the Company provides hire purchase only for new motorcycle,
  each contract has term of installment from 6 months to 36 months via
  dealers.

  Factors for limitation of financing amount and term of installment
  depend upon the affordability of customer, brand, model, and price of
  motorcycle. From the Company database, can classify contracts by brand
  as Table following

+------+---------------------+-------------+-------------+-------------+
|      |                     |             | Unit:       | Percentage  |
+------+---------------------+-------------+-------------+-------------+
| NO   | BRAND               | 2005        | 2004        | 2003        |
+------+---------------------+-------------+-------------+-------------+
| 1    | HONDA               | 84.77       | 74.49       | 79.98       |
+------+---------------------+-------------+-------------+-------------+
| 2    | YAMAHA              | 14.40       | 24.55       | 5.75        |
+------+---------------------+-------------+-------------+-------------+
| 3    | KAWASAKI            | 0.83        | 0.56        | 1.50        |
+------+---------------------+-------------+-------------+-------------+
| 4    | SUZUKI              | 0.00        | 0.37        | 12.06       |
+------+---------------------+-------------+-------------+-------------+
| 5    | OTHER               | 0.00        | 0.03        | 0.71        |
+------+---------------------+-------------+-------------+-------------+
|      | TOTAL               | 100.00      | 100.00      | 100.00      |
+------+---------------------+-------------+-------------+-------------+

Source: Number of the company’s hire purchase motorcycles

  There is no specific rule or regulation from Government to control the
  operation of hire purchase motorcycle business so this business can be
  expanded as big as investors’ capacity and capital. In fact the dealer
  is the relevant factor to induce customer to choose service from which
  company. Providing satisfaction to customer is the important process
  to expand customer base and its business. The Company provides the
  speed of system in validation customer credit information which
  comprises of information technology system covering company operation.
  Additionally professional and experienced personnel together with
  significant internal control system make the credit approval process
  completed in one hour.

2)  Policy of hire purchase motorcycle

  The Company sets the criteria for entering hire purchase motorcycle
  contract by based on customer income. Main target are affordability
  customers who have permanent income by validation from personal
  identity card, house register, and salary slip. Customer together with
  guarantor have to fill all forms concerning to hire purchase
  motorcycle contract and have to permit the Company to validate their
  credit background. For other customers who do not have permanent job,
  will be verified by personal identity card, house register, and the
  existence of residence.

  As a member of the National Credit Bureau Company Limited (NCB) and
  Thai Motorcycles Hire Purchase Association gains the advantage of
  accuracy and speed in validating credit information

3)  Collateral of Hire Purchase Motorcycle

  Motorcycle which is the product in contract, is the collateral of hire
  purchase motorcycle. The Company has the right to cancel the contract
  and to repossess motorcycle if customer doesn’t pay two continued
  terms of installment. And that repossessed motorcycle can be sold via
  auction. However ,if the Company cannot repossess the product, the
  Company can call the loss or debt from guarantor

4)  Risk Management

  By performing systematic credit approval process, well organizing
  customer database, appropriated down payment amount, and having
  guarantor except hire purchase motorcycle contract-on special interest
  rate for customers who have permanent job and financial
  documents-salary slip bank statement, doesn’t have guarantor, can
  prevent the risk from non performing loan. By creating check and
  balance system to comply with credit approval process results in
  efficiency report process and real time credit information. The
  Company provides appropriate incentive by considering quantity and
  creditworthy customer to concerned personnel. Furthermore to minimize
  the risk, the Company also provides insurance over 60% or 80% of
  motorcycle price on accident and loss.

5)  Process of credit approval and debtor collection

    1.  Credit consideration basis

  When customer requests credit to credit analysis officer, credit
  analysis officer will inform about details about down payment,
  financing amount, term and installment amount, license fee, insurance,
  and other fees via dealer to customer.

  As the same time credit analysis officer will request personal
  document from the customer such as personal identity card, house
  register, salary slip for validation. Both customer and guarantor have
  to fill all hire purchase forms and permit the Company to verify their
  credit background

2.  Process of validation to approve credit

  Credit analysis officer will contacts and sent customer information to
  operation officer for recording in requested financing form and for
  checking customer credit background with the Company database and Thai
  Credit Bureau Company limited and recording customer personal data in
  company database. Then passing all information to Assistance to Head
  of Credit division.

  When the result comes out, Assistance to Head of Credit division will
  verify whether approved or not. If there is good credit or not having
  credit background data, Assistance to Head of Credit division will
  validate from sufficiency of customer income, existence of residence,
  then record the result in the Company database. If financing amount is
  over his authorization (as authorization level table), he will present
  to Head of Credit Division to make approval process.

3.  Level of Credit Authorization

  The Company assigns the authorization for credit approval as table
  following

+-----------------------------+----------------------------------------+
| Credit limited              |   Authorization                        |
+-----------------------------+----------------------------------------+
| No more than 50,000 Baht    |   Assistance to Head of Credit         |
|                             |   division                             |
+-----------------------------+----------------------------------------+
| No more than 60,000 Baht    |   Head of Credit division              |
+-----------------------------+----------------------------------------+
| No more than 100,000 Baht   |   Credit Manager                       |
+-----------------------------+----------------------------------------+
| No more than 300,000 Baht   |   Deputy Managing director             |
+-----------------------------+----------------------------------------+
| No more than 500,000 Baht   |   Managing director                    |
+-----------------------------+----------------------------------------+
| Moreover 500,000 Baht       |   Board Of Director                    |
+-----------------------------+----------------------------------------+

  All customers information and theirs credit approval background will
  be recorded in the Company database by operation department.

4.  Process after credit approval

  After approval process, dealer will transfer the title of motorcycle
  to the Company. As soon as customer takes motorcycle from dealer, the
  Company will make insurance that guarantees the Company, beneficiary.

-   Beside hire purchase motorcycle service, the Company also offers
    other services to give more convenience to customer such as extended
    insurance according to vehicle regulations, annual tax license, and
    service for transferring title when closing contract.

-   After sale service and customers’ benefits – finishing approval
    process and all payment already done to dealer, the Company will
    sent documents to customer within 7 days such as copy of hire
    purchase contract, copy of guarantee contract, receipt of down
    payment, suggestion book, bill payment, and customer card. After
    that customer relation officer will communicate to confirm for
    receiving documents and informs the customers’ benefits such as
    accumulated discount and no charge on delay payment if customer
    makes payment follow to schedule. Including more channels to pay
    installment, answering customer’s questions to make closed relation.

-   Collection service- the Company provides more channels to pay
    installment by sending payment historical and bill payment to
    customers every month. In which customers can pay via automatic
    deduct customer bank account, cash payment at bank counter,
    electronic on line-phone, internet, and ATM, counter service (7-
    ELEVEN), post office (Pay at Post), post date cheque, the Company’s
    counter, or calling for the Company’s officer to collect the payment
    at customers’ office /home – where located at Bangkok and boundary

-   Debt management and repossess process- If payment is not past due
    over 2 terms, the Company will make a phone call for asking the
    payment and record this contact. If customers don’t pay installment
    over 2 terms, the Company will send letter to ask for payment as the
    same time the Company’s officer will be sent out to customers or
    guarantors’ residence/working place. But customers who don’t pay 2
    continued terms of installment, Information technology department
    will send the letter for canceling the contract and/or ask for
    redemption by paying pending installment within 30 days . If not,
    the company will process according to law which allow the Company to
    repossess the motorcycle which are done by professional (Out Source)
    who has experience in repossessing process not only in Bangkok area
    but covering all Thailand. If cannot repossess, law will be used to
    force customers and guarantors.

-   After repossessing motorcycle, store officer will evaluate the
    condition of motorcycle and record that data. And operation officer
    will send the letter to inform auction date and customers’ s right
    to redeem motorcycle. If customers don’t redeem motorcycle, the
    Company will do the auction

-   To repossessed motorcycle via auction- 3 officers from marketing
    officer, credit officer, and store officer will appraise the
    motorcycle and record that price in database. Marketing and Credit
    manager will approve the market price for referring auction price .
    There will be auction every Monday and will be sold to dealers who
    have closed relation ship for more than 10 years. Most of dealers
    come from Bangkok, boundary, and upcountry. Store officer who
    operates auction process, will call for auction price after
    comparing with appraisal price.

-   In case that auction price doesn’t cover the debt, the Company will
    call that difference from customer or guarantor. However, if the
    auction is greater than its debt, the difference will be pay back to
    customer in term of cheque account payee only.

[]

  In credit approval process, credit analysis officer and operation
  officer will validate customers’ personal information according to the
  process which are verifying with company database, National Credit
  Bureau Company Limited (NCB), telephone number, social security fund,
  customer’s residence in case of suspicion. To protect fraud of
  officer, the Company provides intense internal audit system which
  controls and adopts process to work efficiency. In which top
  management can review the process promptly. When approval process is
  done, operation officer will inform the result to customer via credit
  analysis officer. Then all the data will be recorded and kept in
  company database.

  Furthermore the company, top management can examine the credit
  approval process via collection report which shows the historical
  payment of customer and outstanding debt whether it complies with
  contract or not. If there is any suspicion, it will be proved and find
  the solution.

  Other loss except loss from credit approval, is the risk form
  receiving fault documents from customer which the Company cannot
  collect the debt.

  Over 90% of credit approval process, Technology information network is
  used to validate customer information. The Company has to rely on that
  system to generate the accurate data. If there is any problem on the
  system, there will be the loss. However the Company has to back up the
  information everyday and keep in another network. Furthermore the
  Company also has authorization level for personnel to access in each
  system by using password. And each computer don’t have any drive for
  transferring data to diskette, Transferring data can be done only
  authorized person only.

  []

  Information technology are set up to improve after sale service, to
  increase convenience for customer to pay installment, efficiency the
  Company’s operation, and result in decreasing the cost of the
  Company’s operation.

  Result of Implementation technology information to improve the
  Company’s operation

1.  At the beginning of the Company’s operation, Computer system is used
    and implemented continuously. To go forward the modern situation and
    to gain business advantage, technology information department is
    created to improve continuously the company operation and support
    the Company’s progression.

2.  Developing internal system of hire purchase software- Hire Purchase
    Card (HP-Card) is the core to drive hire purchase motorcycle for
    communicating customers. The card will record all - both customer
    and guarantor information such as personal information, residence,
    phone number, payment history, pending payment, outstanding amount,
    advance post date payment, calculation of closing amount, motorcycle
    license, date of insurance, Tele Note (recording of tele-conference
    with customer), and recording of collection-warning and collection
    letters, relevant massages in which the Company makes contact to
    customer. With this tool personnel of the Company also involve and
    hand in for improvement.

3.  Development of Bill Collection- applying Customer Relationship
    Management is the tool to use telephone call in collection (Tele
    Collector). To call for asking about payment and making close
    communicate to customer for creating customer satisfaction.

4.  Applying new management tool- Balance Scorecard is tool for
    efficiency communication from management level to personnel. The
    main objective of this tool is to set index in measuring personnel’s
    performance- KPIs (Key Performance Indicators). For example Credit
    analysis officer who takes responsibility for analysis customer
    credit, carries KPIs for rating quality of approved credit in which
    the Company sets the first target is 87 percentage of first three’s
    payments, second target is 75 percentage of first six’s payments. In
    this way the company can evaluate the efficiency of personnel and
    drive to succeed in the Company’s long term plan.

2.  Competition Circumstance

    1.  Competition strategy

  The Company provides service to satisfy customer’s needs as following

  1) Creating customer’s satisfaction

  To concentrate the highest satisfaction both customer and dealer.

1.  For satisfaction of customer

  Customer will get the best and fast service under the Company’s moral
  “Honest Stable Sincere in service” The Company provides credit
  officers for customer in convenience to ask for hire purchase service
  at dealer counter, over 100 dealers in Bangkok, boundary, and
  upcountry. And Credit officer also inform the result of credit
  approval to customer within one hour. For fast and accurate service,
  the Company is the member of Thai Credit Bureau company Limited. and
  Thai Hire Purchase Motorcycles Association. Being the member provides
  the Company in both speed and accuracy of receiving customer credit
  background. With this information as reference generates the speed of
  credit approval process. After 7 days of approving credit customer
  will receive the receipt to confirm first payment in which inform
  customer about other details such as total outstanding financing
  price, terms and installment amount, and accumulated discount due to
  on time payment.

1.  Other service, customer will get the service for advance payment for
    license fee to protect the default and make customer satisfy.

2.  Range of customer’s income is between middle to low, the Company
    provides many channels for customer to pay installment such as bank
    counter service-Bank of Ayudhya, Siam City Bank, Siam commercial
    Bank , Counter services at convenience store (7-ELEVEN) where
    customer can pay over 24 hours without holiday, PAY AT POST.
    Customer has to pay operating fee for this channels by himself and
    all this channel also compete in fee.

2.  For satisfaction of dealer

    1.  It is useful to make close relationship to dealer because dealer
        is the relevant factor to induce or give suggestion to customer
        to use service. The Company together with dealers always
        provides sale promotion.

    2.  With good communication and fast response between the Company
        and dealer create good system and dealer can receive motorcycle
        within one day after approval process. By this way, it increases
        flexibility of dealer’s cash flow which make dealer satisfy and
        gain business advantage

    3.  With the speed and accuracy of information system allows dealer
        to ask any inquiry promptly such as closing amount, pending tax
        charge, amount of cheque payment and its dued date, details of
        payment in each cheque, and outstanding amount. All this inquiry
        can be responsed within 1 minute which create satisfaction to
        dealer.

1)  Customer database

  Due to running in hire purchase motorcycle for over 19 years, the
  Company also has own customer database. The total of 300,000 records,
  system classify customers by group of age, income, occupation,
  historical of payment. With this classification, the Company can
  generate and analyze to make marketing plan. And it provides the
  Company to generate other financial services such as installment
  credit contract and cash credit to keep old customers who have good
  payment history.

2)  Pricing Polocy

  The Company doesn’t concentrate on pricing competition, or mark down
  the price to gain more customers. Somehow the Company plan to use
  interest rate to be a tool to compete by consideration from these
  factors

1.  Yield rate in each types of hire purchase companies.

2.  Trend of economic which affect to present and future yield rate,
    will change the direction of the Company’s and the allied company’s
    operation.

  The Company sets the interest rate nearly to yield rate set by hire
  purchase companies which is appropriated to market circumstance. The
  company also concentrates in efficiency service including sourcing
  from low cost fund, and expand service to cover more area.

3)  Channel of distribution

  The Company provides hire purchase to all types and brands of
  motorcycle which are manufactured and assembly in Thailand such as
  Honda, Suzuki, Kawasaki, Yamaha, etc. The Company doesn’t specific in
  any brand. The Company presents as the center of customers who need to
  have their own motorcycle and affordability to pay installment. Most
  of contracts derive from inducing of dealer to customer, then the
  Company always has to set the campaign for inducing dealer to suggest
  our service to customers. To avoid competition between dealers, sale
  promotion will be changed in the same direction. Under this method
  makes benefit to dealers and the Company. The Company provides
  standardize service and try to expand service covering all area and to
  avoid conflict of interest among close dealers. However the Company
  has many dealers, it will not affect if the Company has to lose any
  dealer.

For Finance leasing and Personal loan, the Company distributes this
products directly to customer (no dealer) cause the Company has our own
customer database. However these services are provided only for good
historical payment of who always pay on time installment.

Target markets or Hire purchase motorcycle are customers who have
permanent job and have income level from middle to low such as self
employ, workers in factory, employee in companies/government, etc. Most
of the customers don’t have financial background but need to utilize
motorcycle to work.

This target can be classified into 2 groups as following

1)  Customers who have permanent income

Having residence in Bangkok and boundary, having permanent occupation
and its income cause the Company can verify theirs credit background
from Financial institution. However the customers also need to have
guarantor to pledge if they can not pay the debt, the guarantor has to
take responsibility instead. Personal documents such as personal
identity card, house register, and salary slip also need to validation.
This group is ranking at 30 percentage of total hire purchase contracts.

2)  Customers who don’t have permanent income

Most of customers are freelance, don’t work for any entity. To service
this group, The Company has to keep close contact to validate real
information. However customers and guarantor also have to present their
personal identity card and house register. Furthermore credit officer
has to validate existence of residence. This group is ranking at 70
percentage of total hire purchase contracts.

1.  Competition Situation

[]

  In Bangkok and boundary, under the heavy traffic jam situation, a
  motorcycle is still being the vehicle that can deliver convenience and
  fast. As long as the Mass Transit Organization System could not serve
  citizen’s need, using motorcycle is curtain a good choice for
  traveling, or running businesses. By using a high technology, modern
  and beautiful design, compatible and convenience of motorcycle, such
  as automatic gear could get a good response from consumer. Those
  aspects increase a trend of using motorcycle continuously and make
  motorcycle leasing industry more attractive for investment. It’s
  noticeable that new entrepreneurs as new comers coming in this
  industry are rising. It’s also result in higher competition as well.
  Regarding to the oil price crisis impacts the nation economy, the
  figure of motorcycle registration is shown 13.54% growth in 2005 from
  2004 as decreasing when compare to 37.85% growth in 2004 from 2003.

  In 2005 a motorcycle’s price is increased caused of higher
  manufacturing cost. As a result, it impacts directly to consumers
  especially in Bangkok and boundary. The ratio of purchasing between
  cash method and hire purchase method is reduced from 3:7 to 2:8 and a
  down payment average reduced from 7% to 4% approximately. The interest
  loan rate (MOR) of 5 big commercial banks rises from 5.9% to 6.8% at
  average for the year ended in 2004 to 2005 respectively.

  For the coming year 2006, the sales numbers of motorcycles in the
  Bangkok and boundary are forecasted growing but in a same number as
  previous year.

  Hire Purchase motorcycles entrepreneurs can be divided into 2 groups
  as following

1)  Entrepreneurs who have their own manufacturing company as related
    company. These entrepreneurs provide hire purchase only for their
    own brand name.

2)  General entrepreneurs who operate hire purchase business which is
    not specific to which brand such as Group Lease Public Company
    Limited

  According to the difference of character of these entrepreneurs, the
  second group will gain advantage in variety of products. And if new
  brand of motorcycle of first group is not welcome to market, second
  group will not take care of unwelcome product. Customers have
  different needs so second group who supplies more variety of brand ,
  will gain more customers.

+--------------------+--------+--------+--------+------+------+------+
| Comparison of      |        |        |        |      |      |      |
| Registered         |        |        |        |      |      |      |
| motorcycles by     |        |        |        |      |      |      |
| hire purchase      |        |        |        |      |      |      |
| contract in 2005,  |        |        |        |      |      |      |
| 2004 and 2003.     |        |        |        |      |      |      |
+--------------------+--------+--------+--------+------+------+------+
| Company’s name     | Market |        |        | Ma   |      |      |
|                    | share  |        |        | rket |      |      |
|                    | (unit) |        |        | s    |      |      |
|                    |        |        |        | hare |      |      |
|                    |        |        |        | (%)  |      |      |
+--------------------+--------+--------+--------+------+------+------+
|                    | 2005   | 2004   | 2003   | 2005 | 2004 | 2003 |
+--------------------+--------+--------+--------+------+------+------+
| THITIKORN          | 78,870 | 78,800 | 57,178 | 2    | 3    | 3    |
|                    |        |        |        | 7.98 | 4.33 | 5.95 |
+--------------------+--------+--------+--------+------+------+------+
| HIWAY              | 51,176 | 53,305 | 31,753 | 1    | 2    | 1    |
|                    |        |        |        | 8.15 | 3.22 | 9.97 |
+--------------------+--------+--------+--------+------+------+------+
| G                  | 39,281 | 23,177 | 15,085 | 1    | 1    | 9.49 |
| E CAPITALAUTOLEASE |        |        |        | 3.93 | 0.10 |      |
+--------------------+--------+--------+--------+------+------+------+
| TANABAN            | 19,832 | 19,931 | 16,476 | 7.04 | 8.68 | 1    |
|                    |        |        |        |      |      | 0.36 |
+--------------------+--------+--------+--------+------+------+------+
| GROUP LEASE        | 18,128 | 16,429 | 10,854 | 6.43 | 7.16 | 6.83 |
+--------------------+--------+--------+--------+------+------+------+
| AEON THANASINSAP   | 14,536 | 9,873  | 3,227  | 5.16 | 4.30 | 2.03 |
+--------------------+--------+--------+--------+------+------+------+
| INTER BANGCHAK     | 9,763  | 10,487 | 8,399  | 3.46 | 4.57 | 5.28 |
+--------------------+--------+--------+--------+------+------+------+
| SIAM A&C           | 6,921  | -      | -      | 2.46 | -    | -    |
+--------------------+--------+--------+--------+------+------+------+
| SINGER             | 5,829  | -      | -      | 2.07 | -    | -    |
+--------------------+--------+--------+--------+------+------+------+
| PSN LEASING        | 3,093  | 4,046  | 3,415  | 1.10 | 1.76 | 2.15 |
+--------------------+--------+--------+--------+------+------+------+
| SIAMWALL LEASING   | 3,069  | 2,921  | 1,245  | 1.09 | 1.27 | 0.78 |
+--------------------+--------+--------+--------+------+------+------+
| AKENAKORNLUANG     | 2,930  | 2,755  | 1,956  | 1.04 | 1.20 | 1.23 |
+--------------------+--------+--------+--------+------+------+------+
| SINPOL             | 2,381  | 3,186  | 2,350  | 0.84 | 1.39 | 1.48 |
+--------------------+--------+--------+--------+------+------+------+
| OTHERS             | 26,079 | 4,631  | 7,094  | 9.25 | 2.02 | 4.46 |
+--------------------+--------+--------+--------+------+------+------+
| Total              | 2      | 2      | 1      | 10   | 10   | 10   |
|                    | 81,888 | 29,541 | 59,032 | 0.00 | 0.00 | 0.00 |
+--------------------+--------+--------+--------+------+------+------+

1.  Source of Fund

Source of funds as at December 31, 2005 ,2004, and 2003 compose of

+------------------+--------+------+--------+------+---------+------+
|                  | 2005   |      | 2004   |      | 2003    |      |
+------------------+--------+------+--------+------+---------+------+
|                  | B      | Pe   | B      | Pe   | Baht-in | Pe   |
|                  | aht-in | rcen | aht-in | rcen | t       | rcen |
|                  | th     | tage | th     | tage | housand | tage |
|                  | ousand |      | ousand |      |         |      |
+------------------+--------+------+--------+------+---------+------+
| Bank overdraft   | 46,    | 4.26 | 13,    | 1.77 | 16      | 2.64 |
|                  | 025.48 |      | 874.49 |      | ,098.79 |      |
+------------------+--------+------+--------+------+---------+------+
| Loan from        | 599,   | 5    | 405,   | 5    | 420     | 6    |
| Financial        | 875.08 | 5.52 | 000.00 | 1.54 | ,000.00 | 8.97 |
| Institution*     |        |      |        |      |         |      |
+------------------+--------+------+--------+------+---------+------+
| Loan from        | 8,     | 0.74 | -      | -    | -       | -    |
| Director         | 000.00 |      |        |      |         |      |
+------------------+--------+------+--------+------+---------+------+
| Account payable  | 314.05 | 0.03 | 201.92 | 0.03 | 90.72   | 0.01 |
+------------------+--------+------+--------+------+---------+------+
|  Total           | 654,   | 6    | 419,   | 5    | 436     | 7    |
|                  | 214.61 | 0.55 | 076.41 | 3.34 | ,189.51 | 1.63 |
+------------------+--------+------+--------+------+---------+------+
| Equity           | 426,   | 3    | 366,   | 4    | 172     | 2    |
|                  | 296.47 | 9.45 | 649.02 | 6.66 | ,733.78 | 8.37 |
+------------------+--------+------+--------+------+---------+------+
|  Grand Total     | 1,080, | 10   | 785,   | 10   | 608     | 10   |
|                  | 511.08 | 0.00 | 725.43 | 0.00 | ,923.29 | 0.00 |
+------------------+--------+------+--------+------+---------+------+
| Remarks: *Loan   |        |      |        |      |         |      |
| from financial   |        |      |        |      |         |      |
| institution are  |        |      |        |      |         |      |
| promissory note  |        |      |        |      |         |      |
| on call and      |        |      |        |      |         |      |
| short term bill  |        |      |        |      |         |      |
| of exchange.     |        |      |        |      |         |      |
+------------------+--------+------+--------+------+---------+------+