pythainlp/thai-financial-dataset huggingface dataset:
3. Nature of business

3.1 Background

The Company was first registered as a limited company on 30 May 1980. It
manufactured, imported and distributed automotive light bulbs and
lighting equipment. It was founded by a Thai-Japanese joint venture
between Seng Nguan Hong (Sittipol) Company Limited (currently known as
The Sittipol 1919 Company Limited) and Stanley Electric Co., Ltd. of
Japan. The Company operates three separate plants, producing light
bulbs, dies and moulds, and lamps.

On 10 May 1991, the Company was listed on the SET, and the Company's
shares began being traded on the SET under the abbreviation 'STANLY'. In
the same year, the Company founded its own research and development
centre with promotional support from the Board of Investment (BOI). This
centre is mainly engaged in researching and developing products for the
Company. In July 1993, the Company was converted into a public limited
company.

It entered into a joint venture in establishing new companies: Lao
Stanley Co., Ltd. and Vietnam Stanley Electric Co., Ltd. Stanley
Electric Engineering India PVT Ltd. PT. Indonesia Stanley Electric, It
also took shares in various companies, such as Inoue Rubber (Thailand)
Public Company Limited, Sum Hitechs Co., Ltd. Sirivit Stanley Co., Ltd.,
Top Hightech (Thailand) Co., Ltd. and Lumax Industries Limited of India.
In addition, the Company formed a technical support alliance with
Electro Polymers (PVT) Ltd. of Pakistan and Unitech Machines Limited of
India.

The company have continue investment in Land around for new factory and
new machinery and equipments for business expandsion , In 2007 – 2008
Company had operation the Lamp Factory (PD5) , that the high technology
of production.

In 2554 the event of a disaster affecting the automotive industry, such
as in March , the earthquake in Japan. Manufacturer of automotive parts
manufacturers in Thailand has been a lot of damage. And in October –
December , major flooding occurs in the central region. The Company is
in the area affected is not able to produce about three weeks for the
damage that is currently in the process of calling for compensation from
the insurance company. The company can return to normal production from
December 2011 onwards.

Management: Since the Company's initial establishment and subsequent
listing on the SET, the original management team has continued in office
without any material change in management policy.

3.2 Nature of Business of the group Company

The company has 2 related company that manufacture of Lighting Equipment
as follow:

1. Lao Stanley Company Limited Shareholding 50 %

2. Vietnam Stanley Electric Company Limited Shareholding 20 %

3.3 Income Structure

The company currently manufactures and market auto bulb, automotive
lighting equipment and dies & molds. The business segment information
for dies & molds, which is different from auto bulb, automotive
lighting, has not been separately reported as the sales of this segment
represent only 2.43% of total sales.

(The Equity Method)

[TABLE]
Attached 2

None
5. Assets for used in Business Operation

Type of Asset Ownership Value Obligation

(Million Baht)

1. Land Total 190 rai 1 ngarn 94.2 square wah owner 1,123.90 -

2. Net Building Machine and Equipment owner 3,450.40 -

Total assets are at 29/3 Moo 1, Bangpoon-Rangsit Road, Ban Klang
Sub-district, Muang District, Pathumthani Province and have land 12 rai
100 square wah is at Navanakorn Industrial Estate 3, Klong One
Sub-district, Klong Luang District, Pathumthani Province (include in
land already)

Investment policy relating to subsidiaries and associates

On 31 March 2012, the Company's investments in its subsidiaries and
associates in the automotive lighting business totalled Baht 417.87
million, or 4.17% of its total assets. The Company expects to increase
its investments in this business in the next three years. However, the
combination of actual and future investments is capped at 10% of its
total assets.
6. Legal Disputes

-None
7. Structure of holding and management

7.1 Securities of Company

The Company has paid up capital of 383.125 million Baht and fully paid
up, divided into 76,625,000 ordinary shares each of baht 5 per share.

2.  Shareholders

(A) Top ten shareholder as at July 19, 2011.

  ------------------------------------------------- ----------- ---------
                                                    Number of   % of
                                                    Share       holding

                                                    (Million    
                                                    share)      

  1. STANLEY ELECTRIC CO.,LTD                       22.95       29.95%

  2. LEEISSARANUKUL FAMILY GROUP                    22.29       29.08%

  3. BNP PARIBAS SECURITIES SERVICE LUXEMBOURG      2.10        2.74%

  4. SOMERS (U.K) LIMITED                           1.96        2.56%

  5. MR.KENNETH RUDY KAMON                          1.74        2.27%

  6. AMERICAN INTERNATIONAL ASSURANCE               1.39        1.81%
  COMPANY,LIMITED-APEX                                          

  7. AMERICAN INTERNATIONAL ASSURANCE               1.29        1.69%
  COMPANY,LIMITED-TIGER                                         

  8. STATE STREET BANK AND TRUST COMPANY            0.99        1.29%

  9. THAI NVDR CO.,LTD.                             0.99        1.29%

  10. MR.WICHAI MITRSANTISOOK                       0.81        1.06%
  ------------------------------------------------- ----------- ---------

The currently shareholders list , the investor can see in company
website (www.thaistanley.com) before the Annual General Meeting.

(B) Major Shareholders to participate in its operations by sending
people to be a committee

  Number of Share % of holding

(Million Share)

1. STANLEY ELECTRIC CO.,LTD. 22.95 29.95%

2. LEEISSARANUKUL FAMILY GROUP 22.29 29.08%

7.3 Dividend payment policy

The dividend payment policy of the company is that the rate of dividend
payment of the Company is not less than 30 per cent of the net profits
deduction of tax. (The Company Only)
Part 3

CERTIFICATION OF THE ACCURACY OF INFORMATION

We have reviewed the information contained in the Annual Information
Disclosure Form and, with carefulness in our capacity of the Company’s
Executive Directors or as top executives in charge of accounting, hereby
certify that the information is correct, complete and true and do not
cause any misunderstanding or concealment. We further certify that

(1) The financial statements and financial information summarized in the
Form of annual Data Disclosure are correctly, completely, and materially
stated pertaining to the financial position, operating results and cash
flow of the Company and its subsidiaries companies.

(2) We are responsible for fine disclosure system to ensure that the
Company has accurately and completely disclosed material information of
the Company and subsidiaries as well as supervising the compliance of
the system.

(3) We are responsible for good internal control and overseeing the
conformity to such system. We informed the internal control evaluation
as at May 18, 2012 to the auditors and the Audit Committee. The report
included any shortcomings and major changes in the internal control
system as well as any dishonesty that might affect the financial
statements of the Company and subsidiaries.

As evidence of our making of certification of information accuracy, we
have authorized Mr. Apichart Leeissaranukul to initial all the pages of
this document. Any information without Mr. Apichart Leeissaranukul’s
signature will be treated as non-certified information.

Name Position Signature

Mr. Hiroyuki Nakano President Hiroyuki Nakano

Mr. Apichart Leeissaranukul Executive Vice President Apichart
Leeissaranukul

Mr. Kokichi Nagano Director Koichi Nagano

Mr. Thanong Leeissaranukul Director Thanong Leeissaranukul

Name Position Signature

Authorized Person Mr. Apichart Leeissaranukul Executive Vice President
Apichart Leeissaranukul
Content

  ---------- ----- ------------------------------------------------ ------
                                                                    Page

  Part 1           Executive Summary                                1

  Part 2           Company Information                              

             1     General Information                              2

             2     Risk Factors                                     5

             3     Nature of business                               8

             4     Conduct of Business                              10

                   Research and Development                         20

             5     Assets for used in Business Operation            21

                   Future Plan                                      22

             6     Legal Disputes                                   23

             7     Structure of holding and management              24

             8     Management                                       25

             9     Internal Control                                 54

             10    Related Transactions                             55

             11    Financial Statements and Operating Results       62

             12    Other Information                                71

  Part 3           Certification of the accuracy of information     

  Attached 1       List of Directors, Managers, and experience      

  Attached 2       List of Subsidiary                               

  Attached 3       Related party transactions                       

  Attached 4       Report of Audit Committee                        
  ---------- ----- ------------------------------------------------ ------
9.  Internal Control

  The three members of Audit committee has meeting with the Board of
  Directors meeting

No. 2/2013 on 17th May 2013. The Board of Directors have evaluated for
the internal control system from Office of Internal report and reviewing
the progress of internal control of Working System that approved in the
past year that cover to reviewing the financial report , the company
operations are in compliance with the law on securities and exchange ,
the Stock Exchange of Thailand regulations and laws relevant to the
company’s business , reviewing of the connected transactions or the
transactions that may lead to conflicts of interests as well as the
disclosure of such transaction , reviewing the risk management that
relate to internal control system . In fiscal year 1st April 2012 – 31st
March 2013 , there were 7 audit committee meeting that with management
and meeting with the auditor that without the management.

  The Audit Committee has reviewed the internal audit system , it was
  found that there were

no significant faults and there was appropriate attention and
maintenance of the activities and accurate ,so the audit committee has
the opinion that the company’s activities in fiscal year 1st April 2012
– 31st March 2013 has been according to the appropriate internal control
system , the finance report is accurate , complete and reliable.
Operations are concordant with adequate , transparent and reliable
Corporate Governance standards and there is continuous improvement for
better quality of the business operating system report and the
disclosure information were care in accordance with the appropriate
internal control of the company.

  (Detail of Audit committee‘s report are on attached 4 )

  Mrs.Unakorn Phruithithada , PricewaterhouseCoopers ABAS Limited ,the
  Auditor of

company was no serious concerns about the internal control.
3. Nature of business

3.1 Background

The Company was first registered as a limited company on 30 May 1980. It
manufactured, imported and distributed automotive light bulbs and
lighting equipment. It was founded by a Thai-Japanese joint venture
between Seng Nguan Hong (Sittipol) Company Limited (currently known as
The Sittipol 1919 Company Limited) and Stanley Electric Co., Ltd. of
Japan. The Company operates three separate plants, producing light
bulbs, dies and moulds, and lamps.

On 10 May 1991, the Company was listed on the SET, and the Company's
shares began being traded on the SET under the abbreviation 'STANLY'. In
the same year, the Company founded its own research and development
centre with promotional support from the Board of Investment (BOI). This
centre is mainly engaged in researching and developing products for the
Company. In July 1993, the Company was converted into a public limited
company.

It entered into a joint venture in establishing new companies: Lao
Stanley Co., Ltd. and Vietnam Stanley Electric Co., Ltd. Stanley
Electric Engineering India PVT Ltd. PT. Indonesia Stanley Electric, It
also took shares in various companies, such as Inoue Rubber (Thailand)
Public Company Limited, Sum Hitechs Co., Ltd. Sirivit Stanley Co., Ltd.,
Top Hightech (Thailand) Co., Ltd. and Lumax Industries Limited of India.
In addition, the Company formed a technical support alliance with
Electro Polymers (PVT) Ltd. of Pakistan and Unitech Machines Limited of
India.

The company have continue investment in Land around for new factory and
new machinery and equipment for business expansion.

Thailand's automotive industry in 2012, with sales and production was
high record that resulting from the recovery of the automotive industry
that slowdown from the floods in year 2011. and the first car of the
government policy to encourage car purchases increased. The company have
more order from car maker so our operation to high and the company have
new factory operation ,Lamp 7 to production for ECO car ‘s lamp that is
the car highest sale and affect to automotive expansion.

Management: Since the Company's initial establishment and subsequent
listing on the SET, the original management team has continued in office
without any material change in management policy.

3.2 Nature of Business of the group Company

The company has 2 related company that manufacture of Lighting Equipment
as follow:

1. Lao Stanley Company Limited Shareholding 50 %

2. Vietnam Stanley Electric Company Limited Shareholding 20 %

3.3 Income Structure

The company currently manufactures and market auto bulb, automotive
lighting equipment and dies & molds. The business segment information
for dies & molds, which is different from auto bulb, automotive
lighting, has not been separately reported as the sales of this segment
represent only 2.52% of total sales.

(The Equity Method)

[TABLE]
5. Assets for used in Business Operation

Type of Asset Ownership Value Obligation

(Million Baht)

1. Land Total 193 rai 2 ngarn 44.2 square wah owner 1,147.24 -

2. Net Building Machine and Equipment owner 4,757.81 -

Total assets are at 29/3 Moo 1, Bangpoon-Rangsit Road, Ban Klang
Sub-district, Muang District, Pathumthani Province and have land 12 rai
100 square wah is at Navanakorn Industrial Estate 3, Klong One
Sub-district, Klong Luang District, Pathumthani Province (include in
land already)

Investment policy relating to subsidiaries and associates

On 31 March 2013, the Company's investments in its subsidiaries and
associates in the automotive lighting business totalled Baht 475.83
million, or 4.05% of its total assets. The Company expects to increase
its investments in this business in the next three years. However, the
combination of actual and future investments is capped at 10% of its
total assets.
7. Structure of holding and management

7.1 Securities of Company

The Company has paid up capital of 383.125 million Baht and fully paid
up, divided into 76,625,000 ordinary shares each of baht 5 per share.

2.  Shareholders

(A) Top ten shareholder as at July 4, 2012.

  ------------------------------------------------ ------------ ---------
                                                   Number of    % of
                                                   Share        holding

                                                   (Million     
                                                   share)       

  1. STANLEY ELECTRIC CO.,LTD *                    22.95        29.95%

  2. LEEISSARANUKUL FAMILY GROUP                   22.29        29.08%

  3. SOMERS (U.K) LIMITED                          1.96         2.56%

  4. BNP PARIBAS SECURITIES SERVICE LUXEMBOURG     2.10         2.74%

  5. MR.KENNETH RUDY KAMON                         1.74         2.27%

  6. THAI NVDR CO.,LTD.                            0.99         1.29%

  7. AMERICAN INTERNATIONAL ASSURANCE              1.39         1.81%
  COMPANY,LIMITED-APEX                                          

  8. AMERICAN INTERNATIONAL ASSURANCE              1.29         1.69%
  COMPANY,LIMITED-TIGER                                         

  9. STATE STREET BANK AND TRUST COMPANY           0.99         1.29%

  10. MR.WICHAI MITRSANTISOOK                      0.81         1.06%
  ------------------------------------------------ ------------ ---------

The currently shareholders list , the investor can see in company
website (www.thaistanley.com) before the Annual General Meeting.

(B) Major Shareholders to participate in its operations by sending
people to be a committee

  Number of Share % of holding

(Million Share)

1. STANLEY ELECTRIC CO.,LTD. * 22.95 29.95%

2. LEEISSARANUKUL FAMILY GROUP 22.29 29.08%

Remark * Currently Stanley Electric Co.,Ltd. Transfer 22,950,000 shares
to Stanley Electric Holding Asia – Pacific PTE Co.,Ltd. , Singapore ,
which Stanley Electric Co.,Ltd. Owns 100% of share and will not result
in a change of control of the business.

7.3 Dividend payment policy

The dividend payment policy of the company is that the rate of dividend
payment of the Company is not less than 30 per cent of the net profits
deduction of tax. (The Company Only)
Part 2

CERTIFICATION OF THE ACCURACY OF INFORMATION

  We have reviewed the information contained in the Annual Information
  Disclosure Form and, with carefulness in our capacity of the Company’s
  Executive Directors or as top executives in charge of accounting,
  hereby certify that the information is correct, complete and true and
  do not cause any misunderstanding or concealment. We further certify
  that

(1) The financial statements and financial information summarized in the
Form of annual Data Disclosure are correctly, completely, and materially
stated pertaining to the financial position, operating results and cash
flow of the Company and its subsidiaries companies.

(2) We are responsible for fine disclosure system to ensure that the
Company has accurately and completely disclosed material information of
the Company and subsidiaries as well as supervising the compliance of
the system.

(3) We are responsible for good internal control and overseeing the
conformity to such system. We informed the internal control evaluation
as at May 17, 2013 to the auditors and the Audit Committee. The report
included any shortcomings and major changes in the internal control
system as well as any dishonesty that might affect the financial
statements of the Company and subsidiaries.

  As evidence of our making of certification of information accuracy, we
  have authorized Mr. Apichart Leeissaranukul to initial all the pages
  of this document. Any information without Mr. Apichart
  Leeissaranukul’s signature will be treated as non-certified
  information.

Name Position Signature

Mr. Hiroyuki Nakano President Hiroyuki Nakano

Mr. Apichart Leeissaranukul Executive Vice President Apichart
Leeissaranukul

Mr. Kokichi Nagano Director Koichi Nagano

Mr. Thanong Leeissaranukul Director Thanong Leeissaranukul

Name Position Signature

Authorized Person Mr. Apichart Leeissaranukul Executive Vice President
Apichart Leeissaranukul
Content

  ---------- ----- ------------------------------------------------ ------
                                                                    Page

  Part 1           Company Information                              

             1     General Information                              1

             2     Risk Factors                                     3

             3     Nature of business                               6

             4     Conduct of Business                              8

             5     Assets for used in Business Operation            16

             6     Legal Disputes                                   17

             7     Structure of holding and management              18

             8     Management                                       19

             9     Internal Control                                 49

             10    Related Transactions                             50

             11    Financial Statements and Operating Results       57

             12    Other Information                                65

  Part 2           Certification of the accuracy of information     

  Attached 1       List of Directors, Managers, and experience      

  Attached 2       List of Director of Subsidiary Company           

  Attached 3       Related party transactions                       

  Attached 4       Report of Audit Committee                        
  ---------- ----- ------------------------------------------------ ------
สารบัญ

  -------------- ---- ---------------------------------------------- -----
                                                                     หน้า

  ส่วนที่ 1              การประกอบธุรกิจ                                  

                 1    นโยบายและภาพรวมการประกอบธุรกิจ                   1

                 2    ลักษณะการประกอบธุรกิจ                             3

                 3    ปัจจัยความเสี่ยง                                   12

                 4    ทรัพย์สินที่ใช้ในการประกอบธุรกิจ                       14

                 5    ข้อพิพาททางกฎหมาย                                15

                 6    ข้อมูลทั่วไปและข้อมูลสำคัญอื่น                          16

  ส่วนที่ 2              การจัดการและการกำกับดูแลกิจการ                     

                 7    ข้อมูลหลักทรัพย์และผู้ถือหุ้น                            18

                 8    โครงสร้างการจัดการ                               20

                 9    การกำกับดูแลกิจการ                                25

                 10   ความรับผิดชอบต่อสังคม                              39

                 11   การควบคุมภายในและการบริหารจัดการความเสี่ยง          48

                 12   รายการระหว่างกัน                                 50

  ส่วนที่ 3              ฐานะการเงินและผลการดำเนินงาน                     

                 13   ข้อมูลทางการเงินที่สำคัญ                             66

                 14   การวิเคราะห์และคำอธิบายของฝ่ายจัดการ                72

                      การรับรองความถูกต้องของข้อมูล                       

  เอกสารแนบ 1         รายละเอียดเกี่ยวกับผู้บริหารและผู้มีอำนาจควบคุม           
                      และเลขานุการบริษัท                                

  เอกสารแนบ 2         รายละเอียดเกี่ยวกับกรรมการของบริษัทย่อย               

  เอกสารแนบ 3         รายละเอียดเกี่ยวกับหัวหน้างานตรวจสอบภายใน            

  เอกสารแนบ 4         รายละเอียดเกี่ยวกับรายการประเมินราคาทรัพย์สิน          
  -------------- ---- ---------------------------------------------- -----