|
 EXECUTIVE SUMMARY 2005
In addition, Dynasty Ceramic imports polish porcelain tiles from China for sale, as well as a purchaser of sanitary ware and other related products. The company and its subsidiary implemented an ongoing expansion of production capacity, allowing the combined production capacity of both firms to increase up to 40 million square metres per year. The Company’s sales have therefore grown significantly and it currently enjoys the largest capacity and market share of ceramic tile products in the country. Major events and achievements in 2005 1. The company planed to expand its capacity of the ceramic floor tile at Dynasty Ceramic Plant. The plan is to expand a plant that is able to install four more machinery under an investment capital of 600 million Baht. It is expected to raise the production capacity during March 2006 for 500,000 sq. meters per month and during the end of 2006 up to 1.0 million sq. meters per month. In another word, the production will increase from 40 million sq. meters per year to 52 million sq. meters per year. 2. On 31 October 2005 , the company purchased common shares of the three major ceramic distributors from the old shareholders for a total amount of 17,252,900 Baht. The three distributors are: 1 ) Pick and Pay Co., Ltd for 117,593 shares or 97.99 % of the registered capital. Par value is 100 Baht per share, for a total amount of 11,759,300 Baht. 2 ) Muangthong Ceramics Co., Ltd for 44,993 shares or 99.98 % of the registered Capital. Par value is 100 shares, for a total amount of 4,499,300 Baht. 3) World Wide Ceramics Co., Ltd for 9,993 shares of 99.93 % of the registered Capital. Par value is share, for a total amount of 999,300 Baht. The purchase of shares will have a positive effect toward the company in a way that DCC can gain a competitive advantage in a market since the three major distributors have 104 local branches, which will lead the company to enforce prototype, indicate operation process, and reduce risk in relying mostly upon the major customers. Moreover, not only it will grant an opportunity for the company’s product to reach the end user who is the consumers in the rural provinces, but also it will enlarge customer base and lessen the degree in depending on the distributors, resulting in a more competitive selling price compared to competitors. Summary of the Operating Result in 2005 The company and its subsidiary had a total sales revenue of 4,255 million Baht, which was 516 million Baht or 14 percent increased from the previous year. In addition, Gross Profit was 1,5 91 million Baht or 37 percent of net revenue, which was equivalent to the year 2004. Net profit rose 74 million Baht or 11 percent (from 675 million Baht in 2004 to a 749 million Baht in 2005). The Board of Directors considered it appropriate to propose for approval from the Shareholders’ Meeting for the provision of 2005 annual dividends in the rate of 1.30 baht per share or 71 percent of the earning per share. Interim dividends were therefore paid for 3 quarters of 2005 at a total rate of 1.09 baht per share totally 444.72 million Baht. For the remaining 4 th quarter, authorization was proposed for the payment of another dividend in the rate of 0.21 Baht per share totally 85.68 million Baht. After dividend payment was approved on 28 April 2006 , the payment of another dividend will be paid on 4 May 2006 .
|
 |
|
 |
Dynasty Ceramic Public Company Limited was formerly known as Royal Floor Tiles Co., Ltd. Its primary business is the manufacture and distribution of ceramic tiles under "Dynasty", "Tomahawk", "Jaguar", "Navar" trademark . The Company was founded on 1 August 1989 , listed on the Stock Exchange of Thailand on 3 January 1992 , and registered as a Public Company on 9 March 1994 . At present, the registered capital is 408 million shares, with capital paid-up at a par value of 1 Baht per share, of which 77.41 percent is held by Thai nationals and 22.59 percent is held by foreign nationals. (As of the close of the share registrar on 28 February 2006 ).DCC had 4 Subsidiaries Company: 
