PARTY WITH POTENTIAL CONFLICT 1. (Contd.)
RELATIONSHIP
3.1 Mr. Nopdol Tumwattana and Mr. Goh Kok Cheng, Dickson jointly put up a guarantee loan with a credit of Baht 14,638,700 with Thanachart Bank Public Company Limited dated August 22nd, 2006 3.2 Mr. Nopdol Tumwattana, Mr. Goh Kok Cheng, Dickson and Mrs. Mallikar Leeraphand jointly put up a guarantee loan with a credit of Baht 45 million with Siam Commercial Bank Public Company Limited dated October 28th , 2004 3.3 Mr. Nopdol Tumwattana and Mrs. Mallikar Leeraphand jointly put up a guarantee loan with a credit of Baht 6 million with Thanachart Bank Public Company Limited dated June 23rd , 2004 3.4 Mr. Nopdol Tumwattana and Mr. Goh Kok Cheng, Dickson jointly put up a guarantee loan with a credit of Baht 10 million with Thanachart Bank Public Company Limited dated September 19th, 2007 3.5 Mr. Nopdol Tumwattana and Mr. Goh Kok Cheng, Dickson jointly put up a guarantee loan with a credit of Baht 5 million with Thanachart Bank Public Company Limited dated September 19th, 2007
3. Guarantee Transactions
CONNECTION TRANSACTIONS
10.00
5.00
-
-
6.00
45.00
45.00
6.00
14.64
31 DEC 2007
14.64
31 DEC 2006
AMOUNT (Million Baht)
3. These guarantee transactions benefit the operation of the Company. Moreover, it is comply to the conditions of the financial institutions requiring the Board of Directors to put up collateral for these transactions.
COMMENTS OF AUDIT COMMITTEE
Annual Report 2007
Body Glove (Thailand) Public Company Limited
page 41