March 4, 2003
Subject: Additional explain of the auditor's report with disclaimer of opinion
To : Secretary - General
The Office of Securities and Exchange Commission, Thailand
Director of Security Registration Department
We, The Union Mosaic Industry Public Company Limited would like to sent you the Company's
Financial Statement as at December 31st, 2002 that has been audited by the Certified Public
Accountant with disclaimer of opinion.
We would like to explain as follows:
1. Subsidiaries that are audited by the other Certified Public Account: The company have manage
our subsidiaries to prepare the Financial Statement according to the same accounting standard
and accounting policy as the company by the year 2003.
2. The value's assessment of machines, which are not proceeded by the Company: Since it is the
machines the use especially for manufacturing floor tiles and wall tiles, it is difficult to make an
assessment and cost very high. The Company has the opinion the estimated price is resionable
and they are available for the expansion in the future.
3. The present economics situation is improved, as it can be seen from the Company's
performance, which has shown much decreasing in loss as compared with the year of 2001.
Trend of construction materials in the year of 2003 is heading for the better result, it mean that the
Company will have no problem to carry on the business. And total sales of the year 2002 have
been increased by 20 percent from the year of 2001.
Sincerely yours,
( Mr. Charan Amorntirakul )
Vice President - Administrative
