March 7, 2002
Subject : Waiving unrealized foreign exchange loss
To : Managing Director
The Stock Exchange of Thailand
We, The Union Mosaic Industry Public Company Limited have sent you the company's financial
statement as of December 31, 2001, show the negative total shareholders' equity.
Owing to the loan amount 18,000,000 US$ , we have the unrealized loss on exchange rate amount
350,490,600 baht as of December 31, 2001.
Sincerely yours,
Mr.Charan Amorntirakul
Vice President - Administrative
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THE UNION MOSAIC INDUSTRY PUBLIC COMPANY LIMITED
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SCHEDULE OF LONG-TERM DEBTS DUE AT CALL
AS AT DECEMBER 31, 2001 AND 2000
REPORT OF AUDITOR ON SCHEDULE OF LONG-TERM DEBTS DUE AT CALL
To The Shareholders and Board of Directors of
The Union Mosaic Industry Public Company Limited
I have audited the accompanying schedule of long-term debts due at call of the Union
Mosaic Industry Public Company Limited as at December 31, 2001 and 2000. This schedule is the
responsibility of the Company's management. My responsibility is to express an opinion on the schedule
based on my audit.
I conducted my audit in accordance with generally accepted auditing standards. Those
standards require that I plan and perform the audit to obtain the reasonable assurance about whether the
schedule is free of material misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the schedule. An audit also includes assessing the accounting principle used
and significant estimates made by management, as well as evaluating the overall presentation of the
schedule. I believe that my audit provides a reasonable basis for my opinion.
In my opinion, the schedule of long-term debts due at call referred to above present fairly,
in all material respects, the long-term debts due at call of the Union Mosaic Industry Public Company
Limited as at December 31, 2001 and 2000 in accordance with generally accepted accounting principles.
(Mr. Pichai Dachanapirom)
Certified Public Accountant
Registration No. 2421
Dharmniti Auditing Company Limited
Bangkok, Thailand
March 8, 2002
2002/201/5165
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THE UNION MOSAIC INDUSTRY PUBLIC COMPANY LIMITED
SCHEDULE OF LONG-TERM DEBTS DUE AT CALL
AS AT DECEMBER 31, 2002 AND 2001
LONG-TERM DEBTS DUE AT CALL ACCOUNT
These accounts consisted of
Baht
The Company only
2001 2000
Long-term loans of Baht 280 million 280,000,000.00 280,000,000.00
Long-term loans of US$ 20 million 876,139,600.00* 859,577,800.00*
Total 1,156,139,600.00 1,139,577,800.00
* Details of long-term loans of US$ 20 million is as follows :-
Baht
The Company only
2001 2000
Long-term loans of US$ 20 million
Loans of US$ 18 million
In Baht at the date of withdrawn
(Exchange rates at the date of withdrawn :
Baht 24.8880 per 1 US$) 447,984,000.00 447,984,000.00
Unrealized exchange loss
(Exchange rates at December 31, 2001 and
2000 are Baht 44.3597 and Baht 43.4396
per 1 US$, respectively) 350,490,600.00 333,928,800.00
798,474,600.00 781,912,800.00
Loan of US$ 2 million is converted into Thai Baht
Loan is June and July 2000 77,665,000.00 77,665,000.00
Total 876,139,600.00 859,577,800.00
