Date post: | 20-Aug-2015 |
Category: |
Documents |
Upload: | pra-bzmae-c-rai |
View: | 192 times |
Download: | 0 times |
Company Overview
Sahaviriya Steel Industries Public Company Limited, or SSI, was
established in 1990 as Thailand's first manufacturer of hot-rolled steel sheet in
coils (HRC), with the aim to develop an integrated value-added steel sheet
industry in Thailand, based on high-quality personnel, technological
excellence, and ideal location. This endeavor was supported by the Board of
Investment as one of thirteen primary industries essential to the nation's
economic and social security. Since its creation over a decade ago, SSI has in
numerous ways continued to be a pioneer in Thailand's steel industry. Today
SSI has become the country's largest high-quality and high value-added
steel sheet producer, and now seeks pre-eminent presence as the
leading steel sheet producer for the whole of Southeast Asia.
Sahaviriya Steel Industries PLCSahaviriya Steel Industries PLC
Innovate premium value steel products and services for
customer; generate consistent profit and sustainable value for
stakeholders.
Vision & Mission
Values
1.Product Strategy Premium Value Product Innovated value Product High Grade Unique Product2.Place Strategy Use RFIO Use wireless and computer
with Over Head Crane (OHC)
3.Public Relation Strategy To set Project and Seminar
SSI have achievements some example follow as
Certificates2007:ISO/TS 16949 :2002
Certification for Quality Management System Standards.
2004:Certificate of Laboratory Accreditation (TIS 17025:2000)
Business Strategies Past Achievements
AwardsBest Industry Award The Prime Minister's Best
Industry Award 2003Industry award2010 for The Prime
Minister's Industry Awards for Energy Logisticst
2009 for The Prime Minister's Industry Awards for Productivity Improvement
Past Achievements
*Industrial Standard
National Awards from Ministry of Labour
The Honorary Outstanding Business for Labour Relations and Labour Welfare and Benefits
2010 for Industrial Standard world-class product qualified certificate from Bureau Veritas (BV), France, 2010
50.15%
3.7% 51% 99.99%
Existing Business
30%
16%21%
15%
18%SSI
Local Suppliers
Import Carbon steels
Import Carbon steelsP&O
Import Other (Alloysteel)
Domestic Market Share
Domestic Hot Rolled Steel Industry
Existing Business
In the third quarter of 2012 which have the quantities of productions are 654,483 tonnes that’s increase from 534,831 tonnes in the second quarter of 2012 but less than from prediction 750,000 tonnes that’s reason from stop production of some producers for Domestic which lower than 100,000 tonnes from prediction.
So the quantities of Import Hot Rolled Steel Sheet in the third quarter of 2012 amount 1,002,551 tonnes which increase
9.31 % by compare with in the second quarter of 2012 amount 917,208 tonnes that’s cause an apperent steel supply of Domestic Hot Rolled Steel Sheet in the third quarter of 2012, total amount 1,650,488 tonnes which increase 13.93% by compare with in the second quarter of 2012.
Existing Business
Domestic Hot Rolled Steel Industry
In the 2nd quarter of
2012 (tonnes)
In the 3rd quarter of
2012 (tonnes)
Prediction
In the3rd quarter of
2012 (tonnes)Outcome
in fact
Range of growth
%
Domestic
534,381 750,000 654,483 22.47
Import 917,208 800,000 1,002,551
9.31
Export 2,960 - 6,546 121.15
Total 1,448,629
1,550,000
1,650,488
13.93
Existing Business
External Business Factors
POSITIVES Chinese steel products rose. Demand in Thailand is going to rise. ASEAN’s industrialization and
urbanization has driven and will drive consistent high growth.
NEGETIVES Import due to lack of raw material
regionally Natural disaster – flood in Thailand Tsunami in Japan Economic Crisis in EU
Overall Evaluation of External Business Factors
Demand for steel products in Thailand, and world is estimated to rise.
ASEAN’s industrialization and urbanization has driven and will drive consistent high growth.(53% of total export go to ASEAN)
Thailand is center of world food factory and production hub for automobiles, electrical appliances.
There is high growth in consumption, but served by import from other region due to lack of raw material regionally.
Economic crisis in EU, with fluctuated demand in global steel industry, and witnessed worldwide natural disasters including the great East Japan earthquake and Thailand flood.
Financial Statement Analysis(Ratio Analysis)
Liquidity Ratio: total current assets ÷ total current liabilities
Efficiency Ratio: e xpenses (not including interest expense) ÷
revenue
Profitability Ratio Leverage/Financial Policy Ratio
Liquidity Ratios
2008 2009 2010 Trend
Current Ratio
0.90 0.93 0.98 Up
Quick Ratio 0.23 0.18 0.20 Down
Work Capital (WC)
-1,736 -
1,299.60
-400.80 Up
Efficiency Ratios
2008 2009 2010 Trend
INVDOH 132.75 168.05 115.93 Down
ARDOH 10.64 44.87 26.25 Up
APDOH 43.99 30.94 22.18 Down
FN 99.40 181.98 120.00 Stable
Profitability Ratios
2008 2009 2010 Trend
Gross Profit Margin
-11.87 9.17 8.28 Up
Net profit Margin
-18.62 3.82 5.09 Up
EBITDA-
3,843.13,078.
64167.3 U p
Leverage/Financial Policy Ratios
2008 2009 2010 Trend
D/E 1.49 1.41 1.14 Down
DSCR -1.76 0.76 1.31 Up
ICR -6.20 2.32 4.09 Up
TIE -6.20 2.32 4.09 Up
Financial Statement Outlook 2011-2012
2011 2012
Liquidity
Efficiency
Profitability
Leverage