Prospectus Filter Vision

() Filter Vision Public Company Limited

59,202,800 0.50

1.20

(mai) 17-18 2556 21 2556

()

()

9 2556

14 2556

82 .. 2535

333/3 0-2695-9999 9.00 . - 12.00 . 13.00 .- 16.00 . http://www.sec.or.th

:

1 (Executive Summary) 1 1 2

1. 2.1 1 2. 2.2 1 3. 2.3 1 4. 2.4 1 5. 2.5 1 6. 2.6 1 7. 2.7 1 8. 2.8 1 9. 2.9 1 10. 2.10 1 11. 2.11 1 12. 2.12 1 13. 2.13 1

3 3 4 4

1

2

3 31 2553-2555

6 30 2556

()

Filter Vision Public Company Limited

1

(Executive Summary)

()

1 1

1

(Executive Summary)

()

. website .

(IPO)

() ( : 17-18 21 2556)

: () (FVC) : : 59,202,800 29.60 : 1.20 / : 71,043,360 90 : (Par) : 0.50 / (book value) : 0.65 /( 30 2556 ) (P/E ratio) 16.61 4 2 2555 2 2556 14.45 200 (Fully Diluted) 0.07 P/E ratio : (Price to Earning Ratio : P/E) 1 1 2555 30 2556 26.31 : (sector) : : Profit test

()

1 2

: 71,043,360

50

: (Purified Water Treatment System) (Bun Streamer) (Beverage Dispenser) (Ice Making Machine) 3

1) 2) 3)

()

1 3

:

()

1. * 84,946,600 54.62% 2. 14,300,200 7.15% 3. 8,144,600 4.07% 4. 6,515,000 3.26% 5. 2,600,200 1.30% 6. 59,202,800 29.60%

200,000,000 100.00% * 2 8

:

1.

2. .

3. /

4. /

5. /

6.

7.

8.

9.

10.

11.

()

1 4

:

.

1.

2.

3.

4.

5. (Brand)

6.

7.

8.

.

9.

10. 50

.

11.

3 6 2556: : 2553 2554 2555 6

2556 : 142.49 178.64 197.66 225.07 : 50.71 70.77 74.25 95.45 : 91.78 107.87 123.41 129.62 : 182.68 215.21 260.89 143.61 : 173.49 196.50 237.62 134.19 () : 2.66 11.24 15.04 6.21 () (EPS) : / 0.02 0.08 0.11 0.04 (D/E) : () 0.55 0.66 0.60 0.74 (ROA): 1.92 7.00 7.99 5.88 (ROE) : 3.48 11.25 13.01 9.82

()

1 5

: :

2553 2554 2555 6

2556

% % % %

166,753.02 91.28%

184,136.46 85.56%

218,128.06 83.61% 121,164.06 84.37%

6,026.99 3.30% 21,794.61 10.13% 28,393.61 10.88%

16,723.66 11.65% 6,683.64 3.66% 4,427.52 2.06% 4,907.34 1.88%

751.43 0.52%

2,673.79 1.46%

3,887.01 1.81%

6,721.35 2.58%

4,083.82 2.84%

*

544.18 0.30%

959.01 0.45%

2,741.45 1.05%

883.87 0.62%

182,681.63 100.00%

215,204.62 100.00%

260,891.81 100.00% 143,606.84 100.00%

* , ()()

()

1 6

:

2553 2555 6 2556 182.68 , 215.21 , 260.89 143.61 2553 2555 6 2556 2.66 , 11.24 , 15.04 6.21 1.46, 5.22, 5.76 4.32 2553 2553 2554 2555 6 2556 2555 2555

2553 2555 30 2556 142.49 , 178.64 , 197.66 225.07 3 2553 2555 30 2556 50.71 , 70.77 ,74.25 95.45 2554 2554

2553-2555 30 2556 91.78 , 107.87 , 123.41 129.62 26 2555 100 0.50 70.40 100.00 59.20

: 95 117 10510 : 02-518-2722 : 02-518-2723

() Filter Vision Public Company Limited

2

()

2 1

2

: ()

:

: 95 117 10510

: 0107555000091

: +(662)518-2722

: +(662)518-2723 website : www.filtervision.co.th

64.54

()

64.54 2557

64.54

()

2.1 1

1.

.

1.1

2553-2555 30 2556 54.91 , 63.57 , 68.57 83.22 38.53, 35.58, 34.69 36.79 31 2556 37.87 ( 2.12 )

5 2553 2555 30 2556 9.00 , 8.33 , 10.17 9.11 6.32, 4.66, 5.14 4.05 3 30 2556 9.11

()

2.1 2

() 30 180 -360 50 360 100 2553 2555 540 -720 50 720 100

2555 0.07 2556 6 100 2555 1.80 3

()

2.1 3

1.2

2553 2555 30 2556 33.81, 38.44, 38.45 37.95

(Aging stock report) (Last moving stock report) 2 20 2554 0.30 0.40 Bill of Quantity (BOQ) 60.00 70.24 30 2556

()

2.1 4

1.3

2553 2555 6 2556 52.59, 49.79, 52.00 54.28 (Food and Beverage)

4 2553-2555 6 2556 OEM 33.33, 31.68, 25.75 25.98 13.80, 18.09, 21.20 19.13

10 2553-2555 6 2556 50.84, 47.72, 45.23 47.33 10 2553 2555 6 2556 6 2556 10 () 2 15

1.4

Pentair 2 Pentair Filtration Solutions, LLC Pentair Pacific Rim (Water) Limited 2553 - 2555 6 2556 Pentair 41.66, 35.54, 38.01 33.89

Pentair

() Pentair 15 Pentair Pentair Pentair Pentair

1.5 (Brand)

Pentair 2 Pentair Filtration Solutions, LLC Pentair Pacific Rim (Water) Limited (Brand name) Pentair ,Everpure ,GE, Shurflo, Pentek ,Fleck ,Structural, Park ,Homespring ,Merlin Fiberdyne Pentair Filtration Solutions, LLC 5 ( 2 2556 31 2560) Pentair Pacific Rim (Water) 2 ( 1 2556 31 2557) (Non-Exclusive) 2 Pentair Filtration Solutions, LLC Pentair Pacific Rim (Water) Limited 11 10

3 Pentair Filtration Solutions, LLC Pentair Pacific Rim (Water) Limited 2555 Pentair Filtration Solutions, LLC Pentair Pacific Rim (Water) Limited 2556 18.72 38.28 15 Pentair

2.1 5

()

2.1 6

1.6

20

1.7

2553 2555 6 2556 65.96, 61.77, 59.01 58.46 2553 2555 6 2556 95.41, 96.54, 93.57 93.87

()

2.1 7

() (Forward) 100,000 2553 -2555 6 2556 0.25 , 0.12 , 0.34 , 0.16

1.8

20 30 2556 33 75

()

2.1 8

.

1.9

3/2553 29 2553 100,000 100 10,000,000 20,000,000 0.50 10.00

( 72.93 ) 2 2 4

1. 71,500 100 14,300,200 0.50 7.15

2. 13,000 100 2,600,200 0.50 1.30

3. 12,500 100 2,500,200 0.50 1.25

4. 3,000 100 600,200 0.50 0.30

4 2554 (Price dilution)

()

2.1 9

1.10 50

20 2555 77.58 54.62 ( 2 8 ) 50 3 4

5 11

.

1.11

9 2556 () 300 20

()

2.2 1

2.

2.1

() () 11 2538 1.00 10,000 100 .

2553 100 /

2554

20 1.00 20.00 30.00 44.00 60.40 70.40 2545 2550 2552 2553 2554 100.00 70.40 77.58

()

2.2 2

2.2

2538 - 11 2538 1 - Ametek Ametek Ametek Plymounth Production Division 2545 Plymounth Production Division Pentair Pacific Rim (Water) Limited Pentair Pacific Rim (Water) Limited Pentek

2539 - Rcan Environmental Inc. Sterilight Viqua

2541 - 28 2541 1.00

2542 - Wedeco UV 2547 Wedeco ITT Water and Wastewater Xylem Water Solution

2543 - Everpure Inc. Everpure 2546 Everpure Inc. Pentair Filtation Solution, LLC Pentair Filtation Solution, LLC

2545 - 28 2545 1.00 20.00

2547 -

2549 - 19 2549 95 117

2550 - 11 2550 20.00 30.00

()

2.2 3

2551 - 26 2551

2552 - 27 2552 2552

- 5 2552

- 8 2552 30.00 44.00 (ERP)

2553 - 29 2553 2553

- 24 2553 44 60.40 163,986 100 148.53 30 2553 163,986

- 5.00 50,000 100 49,998 30 2553 167.66 30 2553 56,435 148.53 8,382,348 ( 5,643,500 2,738,848 )

- 25.00 250,000 100 249,998 30 2553 63.90 30 2553 107,551 148.53 15,974,661 ( 10,755,100 5,219,561 )

7 2553

()

2.2 4

- 29 2553 60.40 70.40 100,000 100 139.00 4 12 2554

- 17 2554 2553 14 703,986 9.9 23 2554

2554 - 15 2554 30 2554 2

- 14 2554 2554

- 15 2554 2

2555 - 1 5 2 5 5 5 TRACE(WWW.TRACEINTERNATIONAL.ORG) 15 2555 14 2556

- 26 2555 100 0.50 70.40 100.00 59.20

- 6 2555 (.) ..2549

- 6 2555 SPLASH INTERNATIONAL( A Childs Right) SPLASH () Partner( )

()

2.2 5

SPLASH 10

- 10 2555 2555

2556 - 29 2556 2556

- 15 2556 2 TRACE 15 2556 14 2557

()

2.3

2.2 6

25.00

:

99.99% 99.99%

5.00

( ()

() 100.00 70.40

: ,

10/2554 15 2554 2 30 2556 2/2556 15 2556 2556

2.4

2 95 117 (Purified Water Treatment System) 3

1) 4

()

2.2 7

1.1 NSF FDA Pentair, Wedeco, Sterilight, Trojan UV, Sekiso, CSM, Shelco Filters

1.2 (Bun Streamer) (Beverage Dispenser) (Ice Making Machine)

1.3 Toredo, Water Care Hydra Mate

1.4

2)

1 2 1) 2 2.1

2.2

5

()

2.2 8

3) (Flow Rate) 2 4 24

2.5

3 31 2553 - 2555 6 2556

:

2553 2554 2555 6 2556

% % % %

166,753.02 91.28%

184,136.46 85.56%

218,128.06 83.61% 121,164.06 84.37%

6,026.99 3.30% 21,794.61 10.13% 28,393.61 10.88%

16,723.66 11.65% 6,683.64 3.66% 4,427.52 2.06% 4,907.34 1.88%

751.43 0.52%

2,673.79 1.46%

3,887.01 1.81%

6,721.35 2.58%

4,083.82 2.84%

*

544.18 0.30%

959.01 0.45%

2,741.45 1.05%

883.87 0.62%

182,681.63 100.00%

215,204.62 100.00%

260,891.81 100.00% 143,606.84 100.00%

* ()()

()

2.2 9

2.6

we provide more than just a filter

Filter Vision House Brand

()

2.3 1

3. 3.1 (Purified Water Treatment System) 2 () (Commercial and Residential) (Industrial and Original Equipment Manufacturer OEM) (Medical Services) (Bun Streamer) (Beverage Dispenser) (Ice Making Machine) 3 2.2 2.4

1) 2) 3)

3 1. (Filtration) 2. (Disinfection) 3. (Filtration)

Fleck / Structural Model Proflo SXT Model 1054 Top

1 M3/Hr

Fleck / Structural Model 7000 SXT Model 1865 Top

3 M3/Hr

()

2.3 2

Fleck / Structural Model 2850 NXT Model 3672 Top/Bottom

12 M3/Hr

Structural tank Fleck

3 M3/Hr

High Flow CSR Twin

,

High Flow CSR Quad

,

Everpure Insurice Twin with PFilter

(Disinfection) ATG UV Model ECL

UV

Sterilight UV model SUV and STOC

UV TOC

()

2.3 3

Wedeco UV model Spectron70

UV

Sanitron UV model S37 C

UV

WEDECO B160

UV

WEDECO OZONE SYSTEM GSO40 500G/HR/ UNIT

S2Q-PA/2 S5Q-PA/2

CELLI POST MIX DISPENSER

CELLI DROP IN POST MIX DISPENSER

()

2.3 4

Diagram

(World Health Organisation) Primary Treatment Primary Treatment Secondary Treatment Micro Filtration 0.1 0.1 Ultra Filtration 0.01 0.01 Micro Filtration

Micro Filtration Ultra Filtration Nano Filtration Reverse Osmosis

Primary Treatment process

Secondary Treatment Process

()

2.3 5

Nano Filtration 0.001 0.001 Micro Ultra Filtration Reverse Osmosis 0.0001 0.0001 Reverse Osmosis

(Pre-trement) /

pH 6.5 8.5 5.0 20 (Total Solid) 500 1 0.05 1 2.2 100 .

2

NSF Standard NSF

NSF , NSF Standard 3 42- 53-

()

2.3 6

(Volatile Organic Compounds, VOCs) 55- FDA Standard FDA

The Association for the Advancement of Medical Instrumentation (AAMI Standard) AAMI

AAMI

European Pharmacopoeia European Pharmacopoeia

AAMI ..

2555

1. (dead end)

2.

1. (Survey & Data Collection) pH

2. (Estimated Demand) (Flow Rate)

()

2.3 7

3. (Analysis & International Standard)

4. (System Design)

5. (Product & Service)

6. (Installation testing & commissioning) 3 7 45 3 7

7.

8. Call Center 24 3

1.

2.

()

2.3 8

3. Call Center 24

2555 6 2556 ()

2555- 2556 ()

2555- 2556 SWENSEN'S (THAI) LIMITED

,

2555 - 2556 ()

,

2555 - 2556

,

2555 - 2556

,

2555 - 2556 .

,

2555 - 2556

2555 - 2556 ()

2555 PEPSI COLA (THAI) TRADING CO.,LTD

2555

2555 ,

2556

2556

2556 PEPSI COLA (THAI) TRADING CO.,LTD

()

2.3 9

2555

800 / 14 Reprocess 3

2555

.

2555

1

2555 1

2555

2555 - 2556

2556

1000 /

2556

.

2556 800 /

2556 6 ()

2,500 /

2556 400 /

()

2.3 10

3.2 3.2.1

20 10 (Commercial and Residential) (Industrial and Original Equipment Manufacturer OEM) (Medical Services) 10

(Food and Beverage) (Health) (Eat-Out) (Fast Food)

2555 2554 30 23 2555 20 2556

(Convenience Store) (Quick Serviced Chain-Restaurant) /

2555 2555

7-8 2556 2555 6-8 (AEC)

()

2.3 11

2551 2554 8.8 10.29 2.87 2555 (Chain Store) 967 7-Eleven 546 ( : ) 2552 2553 2554 2555 7,906 8,883 9,773 9,526 - 7-Eleven 4,462 4,920 5,350 5,842 - 3,444 3,963 4,423 3,684 2,012 2,075 2,135 1,988 - 7-Eleven 808 870 926 980 - 1,204 1,205 1,209 1,008 9,918 10,958 11,908 11,514

( 56-1) () 2555

2555 ( 56-1) () 7-Eleven 10 7-Eleven 400-500 5 6 7-Eleven 10,000 7-Eleven 50 5 - 6 8,486 20,000 15,000 18,000 3,000 5,000

3 (Quick Serviced Chain-Restaurant)

()

2.3 12

2555 (Quick Serviced Chain-Restaurant) 40,000 8 48 35 10 2556 (Same Store Sales) GDP 3-5 2553 2555

2553 2554 2555 () ()

2,476 7.0% 3,107 8.0% 3,645 8.0% 17,335 51.0% 19,495 49.0% 22,303 48.0% 11,239 33.0% 13,626 34.0% 16,175 35.0% 3,180 9.0% 3,902 10.0% 4,457 10.0% 34,230 100.0% 40,131 100.0% 46,581 100.0% 500 45 22 35

2552 2555

2555 GDP 6.4 2552 2555

2552 2555

(

)

()

..-52 324 11,763 36 ..-53 308 18,289 59 ..-54 276 12,202 44 ..-55 306 68,305 223

()

2.3 13

2555 70 22.88 236 77.12 85 27.78 18 5.88 48,262 2,011 70.66

2555 :

- 27 332 12 - 43 1,064 25 . 70 1,396 20

- 24 48,262 2,011 - 18 554 31 - 65 14,980 230 - 85 2,138 25 - 44 976 22 236 66,909 284

306 68,305 223

30,000 2,000,000

420 2551

()

2.3 14

53.8, 42.1, 3.8, 0.2 2540 2552

6699 114

153200

301328

352399 395

420440

050

100150200250300350400450500

2540 2541 2542 2543 2545 2546 2547 2548 2549 2550 2551 2552

2552

12 2540 2552 2 2540 2546 37.88 2547 2552 6.62 2552 1 552 77 (Hemodialysis) 2552 ()

156 35% 1,673 42% 10.24 16% 56 13% 445 11% 9.39 15% 20 5% 146 4% 3.15 5% 35 8% 301 8% 4.31 7% 79 18% 682 17% 21.5 34% 48 11% 331 8% 8.81 14% 46 10% 431 11% 6.13 10% 440 100% 4,009 100% 63.11 100% 2552

()

2.3 15

9 11, 8, 7, 9, 9, 7, 9 2552 7 1 3, 9, 9, 6, 13, 11, 6 1 2 1 2 (Hemodialysis) 3 (Hemodialysis) (Peritoneal Dialysis) (Kidney Transplantation) 80 (Hemodialysis) 2540 2552 2540 2552

3054.4

78.9 99.4114.8

234.4 236.4275.3

302.6

419.95

496.93552.8

0

100

200

300

400

500

600

2540 2541 2542 2543 2544 2546 2547 2548 2549 2550 2551 2552

1

: 2552 : 2545

()

2.3 16

2540 2552 18 30 10 5 (Major Overhaul) 100,000 300,000 50,000 100,000 3.2.2 3

1) (Commercial and Residential)

Franchise Franchise

()

2.3 17

- () 2550

- () 2554 180.05 31 2554 88.05

- 2547

2554 136.76 31 2554 94.27

- 2538

2554 36.70 31 2554 26.68

2) (Industrial and Original Equipment Manufacturer OEM)

(OEM) OEM / OEM (End User) OEM

()

2.3 18

- 2543 (Origianl Equipment Manufacturer OEM) 2554 168.69 31 2554 92.83

- .. 2542 .. 2554 61.89 31 2554 31.36

- 2540

2554 260.64 31 2554 192.32

3) (Medical Services)

3-4

(Turnkey Project)

()

2.3 19

-

2532 - 2552 59.48 31 2552 33.45

- 2531

2554 342.85 31 2554 239.97

- 2543

4 2554 228.89 31 2554 172.13

- .. 2554 Reverse Osmosis(RO)

UV Reverse Osmosis(RO) 2554 2.05 31 2554 1.27 3.2.3

20

1)

1.1

20

()

2.3 20

1.2

2)

3)

5

1) Franchise (Buzz Marketing)

2)

()

2.3 21

3) OEM

4)

5)

4)

1)

2)

3) 5

4)

(Commercial and Residential)

(Medical Services)

()

2.3 22

(OEM) (Special Order)

2555 87.16 12.84 3.2.4

(:)

2553 2554 2555 6 2556

% % % % (C&R)

96,079.91 52.59%

107,148.83 49.79%

135,675.25 52.00% 77,945.05 54.28%

(OEM)

60,841.32 33.30%

68,176.53 31.68%

67,167.17 25.75% 37,306.69 25.98%

(Medical)

25,216.22 13.80%

38,920.24 18.09%

55,307.94 21.20% 27,471.23 19.13%

544.18 0.30%

959.01 0.45%

2,741.45 1.05% 883.87 0.61%

182,681.63 100.00%

215,204.62 100.00%

260,891.81 100.00% 143,606.84 100.00% 1) (Commercial and Residential)

2553 2555 6 2556 52.59, 49.79, 52.00 54.28 Food and Beverage (Food Chain) (Convenient Store) Brand Name Franchise Franchise

()

2.3 23

2) (Industrial and Original Equipment Manufacturer OEM)

2553 2555 6 2556 (OEM) 33.30, 31.68, 25.75 25.98 (OEM) (OEM) (OEM)

3) (Medical Services)

2553 2555 6 2556 (Medical Services) 13.80, 18.09, 21.20 19.13 (Dialysis Solution) 5

()

2.3 24

3.2.5

1) Franchise 2) OEM 3) 3.3

2553 2555 30 2556 65.96, 61.77, 59.01 58.46 Pentair 2553 - 2555 30 2556 41.66, 35.54, 38.01 33.89 20

()

2.3 25

(First in First out)

1. 2.

Minimum Stock

3. (PR)

4. (PO)

3.4

- - 3.5

30 2556 4 3.75 3.75 () 1 0.51 0.51 2556

()

2.4 1

4.

2546

. 4 2552 20

3

()

2.5 1

5.

5.1.

30 2556

5.1.1. -

()

27378 95 .117 . .

1-2-20 7.54 74

78396, 78175 . . .

70.9 .

( )

0.18

116829, 116830 . . .

36 .

( )

0.08

-

720 . ()

0.23

8.03

5.1.2.

()

15.40

74.00

3.29

5.52

13.15 12.65

37.36

() 30 2556 45.39

5.2

5.2.1

30 2556 SAP Business One Microsoft 2.73

5.2.2

10 10

TOREDO

7 2552 6 2562

Water Care

13 2551 12 2561

HYDRA Mate

22 2541 21 2561

HYDRA mate

22 2541 21 2561

. 4 2552

2.5 2

()

2.5 3

5.3

5.3.1

1) PENTAIR FILTRATION SOLUTIONS,LLC

: PENTAIR FILTRATION SOLUTIONS,LLC

: 5 2 2556 31 2560

: PENTAIR FILTRATION SOLUTION,LLC (All Multi-Units Foodservice Businesses) (Non-Exclusive) PENTAIR FILTRATION SOLUTION,LLC 11 PENTAIR FILTRATION SOLUTION,LLC PENTAIR FILTRATION SOLUTION,LLC 1 PENTAIR FILTRATION SOLUTION,LLC

: Pentair, Everpure, Shurflo, GE, Pentek, Fleck, Structural, Parks, Homespring, Merlin Fiberdyne

: PENTAIR FILTRATION SOLUTIONS,LLC PENTAIR FILTRATION SOLUTIONS,LLC 1

: () PENTAIR FILTRATION SOLUTION,LLC PENTAIR FILTRATION SOLUTION,LLC () 10 PENTAIR FILTRATION SOLUTION,LLC PENTAIR FILTRATION SOLUTION,LLC

()

2.5 4

2) Pentair Pacific Rim (Water) Limited

: Pentair Pacific Rim (Water) Limited

: 2 1 2556 31 2557

: Pentair Pacific Rim (Water) Limited(Residential Market) (Non-Exclusive) Pentair Pacific Rim (Water) Limited 10 Pentair Pacific Rim (Water) Limited Pentair Pacific Rim (Water) Limited 1 Pentair Pacific Rim (Water) Limited

: Pentek, Fleck Park

: Pentair Pacific Rim (Water) Limited Pentair Pacific Rim (Water) Limited 1

: () Pentair Pacific Rim (Water) Limited Pentair Pacific Rim (Water) Limited () 10 Pentair Pacific Rim (Water) Limited Pentair Pacific Rim (Water) Limited

()

2.5 5

5.3.2 1) 292 ( 6-C) 292/1( 6-B, 6-D)

650 15 2554

:

: ()

: 35,000 151,664 750

: 3 15 2554 15 2557

: 90

: 1,100

15

2) 292 ( 6-A) 250 15 2554

:

: ( )

: 13,000 58,336 250

: 3 15 2554 15 2557

: 30

: 450

15

()

2.5 6

5.3.3

1) () :

: 001-56/00008074

: () 95 . 10510

: 1 18 2556 18 2557

: 19,600,000

- 18,901,000

- 699,000

:

2)

()

: ()

: 12001-108-133665361

: () 95 . 117. 10510

: 1 1 2556 1 2557

: 53,600,000

- 3,600,000

- 50,000,000 (40,000,000 () 95 . 117 . 10510 10,000,000 6-B 6-D 292, 292/1

()

2.5 7

52,600,000 53,600,000 1 2556 1 2557

1. 35,500,000 (Boiler) (Economiser) (Combustion Chamber) (Pressure vessel)

2. () () 5,260,000 (Tidal Wave) (High Water) (Overflow)

3. () 35,500,000 (Automatic Sprinkler System)

: ()

()

2.5 8

3)

: ()

: 12001-108-133599712

: 95 . 117 . 10510

: 1 1 2556 1 2557

: 12,000,000

- 2,000,000

- 10,000,000 (9,000,000 95 . 117 . 10510 1,000,000 6-A 292

1. 12,000,000 (Boiler) (Economiser) (Combustion Chamber) (Pressure vessel)

2. () () 1,200,000 (Tidal Wave) (High Water) (Overflow)

3. () 5,800,000 (Automatic Sprinkler System)

()

2.5 9

:

4) () : ()

: 13001-113-130054836

: () 95 . 117 . 10510

: 1 1 2556 1 2557

: 6,000,000 6 4 () 95 . 117 . 5,000 ()

: ()

5.3.4

() 29 25 48 0.41

5.4

2

100 25.00

100 5.00 ( 1 2554 () )

()

2.5 10

()

2.6 1

6.

- -

()

2.7 1

7.

30 2556 5

2.8 1

()

8.

8.1

18 2556 : 100,000,000 : 70,398,600 : 140,797,200 : 0.50

2555 26 2555

70,398,600 100,000,000 0.50 29,601,400 59,202,800 (Initial Public Offering)

18 2556 100,000,000.00 200,000,000 0.50 70,398,600 140,797,200 29,601,400 59,202,800

8.2

20 2555 20 2555

() ()

1. - . 59,790,400 42.47% 59,790,400 29.90% - 10,343,800 7.35% 10,343,800 5.17% - 9,241,600 6.56% 9,241,600 4.62% - 7,457,600 5.30% 7,457,600 3.73% - 6,852,400 4.87% 6,852,400 3.43% - 6,451,000 4.58% 6,451,000 3.23% - 6,000,000 4.26% 6,000,000 3.00% - 2,500,200 1.78% 2,500,200 1.25% - 600,200 0.43% 600,200 0.30% 109,237,200 77.58% 84,946,600 54.62% 2. 14,300,200 10.16% 14,300,200 7.15% 3. 8,144,600 5.78% 8,144,600 4.07% 4. 6,515,000 4.63% 6,515,000 3.26% 5. 2,600,200 1.85% 2,600,200 1.30% 6. - - 59,202,800 29.60%

140,797,200 100.00% 200,000,000 100.00%

2.8 2

()

8.3

50

()

9.

9.1 30 2556

*

*

2.9 1

2.9 2

9.1

68 ..2535 . 28/2551 15 2551 3 9.1.1

30 2556 11

- 1.

2. .

3. /

4. /

5. /

6.

7.

8.

9.

10.

11.

3/2555 14 2555

2555 26 2555

2.9 3

1.

2. 3. 4.

5.

6.

7.

8. 4 9.

9.1.2

30 2556 3 -

1. /

2. * /

3. * /

: * 2555 26 2555

2.9 4

1. 2. (Internal Control) (Internal Audit)

3.

4. 1

5.

6.

7.

8. ) ) )

) ) ) ) (charter) )

9. 9.1.3

30 2556 9

1. . 2. 3.

2.9 5

4. 5. 6. 7. 8. 9.

2555 26 2555

1.

2.

3.

4.

5.

6.

7. 8. () / ()

2.9 6

9.1.4

3/2555 14 2555 3

1. 2. 3. *

: *

1. 2. 3. 4. 5. 6. 7.

9.1.5

30 2556 7

1. . 2. 3. /

4. 5. /

() 6. 7.

2.9 7

2555 26 2555

1. (3 ) (1 )

2. 3.

Job Description Job Specification

4. 5. / / / / /

6. / /

7.

8.

9.

10.

11.

12. /

13.

2/2555 10 2555 10 30 -

3.50 5.00 10 30 / ()

9.1.6

3/2555 14 2555 89/15 .. 2535 9.2 9.2.1 68 .. 2535 1. 5

(1.1) (1.2)

(1.1)

(1.3)

2.9 8

2.9 9

2. 1 3 3 .28/2551 15 2551

3.

4.

5.

9.2.2

3 3 / 1.

2.

3.

4. 3 20

2.9 10

5.

6.

7.

8.

9. 10.

11.

1

9.2.3

2.9 11

9.2.4

9.3 9.3.1

1/ 2555 28 2555 2555 1,090,000

- 50,000

- 10,000 ()

/

- 15,000 ()

- 10,000 () -

15,000 () -

10,000 () 2555

6 2556

2555

-

()

()

()

()

1. 2) *4/5 450,000 - - - - 450,000

2. . 7/7 - - - - - -

3. 1), 3) *6/7 60,000 *5/6 75,000 1/1 10,000 145,000

4. 1) 7/7 70,000 6/6 60,000 - - 130,000

5. 1) *6/7 60,000 6/6 60,000 - - 120,000

6. 2), 3) 5/5 50,000 - - 1/1 15,000 65,000

7. 1) *3/7 30,000 - - - - 30,000

8. 1) *4/7 40,000 - - - - 40,000

9. 1) *6/7 - - - - - -

10. 1) 7/7 - - - - - -

11. 1) 7/7 - - - - - -

12. 2) *1/2 - - - - - -

13. 2) 2/2 40,000 - - - - 40,000

14. 3) - - - - 1/1 10,000 10,000

800,000 195,000 35,000 1,030,000

2.9 12

6 2556

-

()

()

()

1. 2) 3/3 300,000 - - - - 300,000

2. . 3/3 - - - - - -

3. 1), 3) 3/3 30,000 2/2 30,000 *0/1 - 60,000

4. 1) 3/3 30,000 2/2 20,000 - - 50,000

5. 1) *2/3 20,000 *1/2 10,000 - - 30,000

6. 2), 3) *2/3 20,000 - - 1/1 15,000 35,000

7. 1) *1/3 10,000 - - - - 10,000

8. 1) 3/3 30,000 - - - - 30,000

9. 1) *2/3 - - - - - -

10. 1) 3/3 - - - - - -

11. 1) 3/3 - - - - - -

12. 3) - - - - 1/1 10,000 10,000

440,000 60,000 25,000 525,000

1) 1/2554 7 2554 8 , , , , , ,

2) 2/2555 10 2555 2

3) 3/2555 14 2555 3 ,

* 2555 800,000 195,000 35,000

6 2556 440,000 60,000 25,000

2.9 13

2.9 14

()

2555 6 2556 2555 6 2556

() 7 7 () 20.50 10.75

9.3.2 -- 9.4

(Code of Best Practice) 5 1 (The Rights of Shareholders)

1. 4 7 3

2.

3.

4.

2.9 15

5. 2 (The Equitable Treatment of Shareholders)

(Insider Trading) () 30 24

... ..2535 59 .. 2535 3 3 (The Role of Stakeholders)

:

:

:

:

:

2.9 16

:

:

4 (Disclosure and Transparency)

www.filtervision.co.th

5 (Responsibilities of the Board of Directors)

5.1

11 5

2.9 17

3

5.2

5.2.1

2/2555 10 2555 ( 56-1)

5.2.2

5.2.3

2.9 18

( 56-1)

5.2.4

5.2.5 2555

5.2.6

()

5.3 3

/

2555 6 2556 7 3

/ -

2555 6 2556

1. 2) 4/5 3/3

2. . 7/7 3/3

3. 1) 6/7 3/3

4. 1) 7/7 3/3

5. 1) 6/7 *2/3

6. 2) 5/5 *2/3

7. 1) 3/7 *1/3

8. 1) 4/7 3/3

9. 1) 6/7 *2/3

10. 1) 7/7 3/3

11. 1) 7/7 3/3

12. 2) 1/2 -

13. 2) 2/2 -

1) 1/2554 7 2554 8 , , , , , ,

2) 2/2555 10 2555 2

5.4

/

5.5

2.9 19

2.9 20

9.5

/

()

(1) 59 275 .. 2535

(2) 59 .. 2535 3

(3) 30 ( 24 )

9.6

31 2555 30 2556 () 174 191

2.9 21

() 31 2555 30 2556

- 31 31 - 33 33 - 65 65 - 75 75 - 11 11 - 11 11 - 22 22 - 24 24 - 7 7 - 7 7 - 5 5 - 5 5 - 14 14 - 14 14 11 7 18 14 7 21 - 1 1 - 1 1 11 163 174 14 177 191

2555 6 2556

2555 6 2556 37.54 23.60

3

()

2.10 1

10.

1/2556 28 2556 5

1) 2) 3) 4) 5)

(Good Corporate Governance)

2

25542555

()

2.10 2

1/2556 28 2556 2555

2554 2554 2554 2554 2555 2555 1/2556 28 2556

2555 1/2556 28 2556 / 1-4 2555 ( (12555) (22555) (3 2555) (4 2555) ( 2/2555 2/2555 2555 2555 COSO

2555

()

(1) (Quotation) ()

2 1) 300,000 Internal Sale 300,000 3 , 300,000

-

()

2.10 3

(Quotation) 2556

(2) ()

()

-

(Aging Report)

(3)

-

(/)

()

2.10 4

-

(4)

-

2555

-

(5)

()

2.10 5

2555 ( Service Request 2555)

-

(6) ()

-

(Aging Report)

-

(7) ()

()

-

()

2.10 6

2555 ()

-

3 2556 2/2556 15 2556

()

FOC (Free of charge) (Preventive Maintenance PM)

FOC (Free of charge) (Sale order form) FOC (Free of charge)

-

FOC (Free of charge) FOC

FOC (Free of charge) (Sale order form) FOC (Free of charge) 2556

()

2.10 7

FOC (Free of charge)

FOC (Free of charge) / FOC (Free of charge)

-

FOC (Free of charge) /

FOC (Free of charge) (Preventive Maintenance PM) / FOC (Free of charge) 2556

6 2556 3/2556 14 2556

()

/

/

-

-

()

2.10 8

Supplier Supplier Vender List

(1) /

/ -

Supplier Supplier Vender List

(2)

-

3

Supplier

()

2.10 9

/ Supplier Supplier Vender List

1.

2.

3.

4.

()

11.

11.1

/ / 2555 6 2556

. -

- 42.47 -

- - - 11 2538 11 2555

- - 5.78 -

- . - 5.30 -

- () - ()

- -

2.11 1

()

-

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- 18 2554 11 2554 -

- . - 6.56

- - - - () 4.00 - . 3.50 - . 4.00 - . 2.67

2.11 2

()

() / 2555 6

2556

1. - 2 .. 55 2 280

280.00 0.00 50 1 2552*

2. - 28 .. 55 5 3,200

3,200.00 0.00 50 1 2552*

3. - 9 .. 55 3 260

260.00 0.00 50 1 2552*

4. - 2 1. 17 .. 55 4 1,290 2. 2 .. 55 1 250

1,540.00 0.00 50 1 2552*

* 50

2.11 3

()

() / 2555 6

2556

5. - 28,304.55

28,304.55 0.00

6. - 1 402,803.74 ( VAT) 12 2555 402,800.74

402,803.74 0.00 10 2

7. - (Preventive Maintenance) 31 2555 30 2556 47,888.90 35,554.00

66,940.00 25,679.00 2 1

2.11 4

()

() / 2555 6

2556

8. - (Preventive Maintenance) 31 2555 30 2556 21,479.80 111,520.29

24,640.00 89,288.00 2 1

9.

- (Preventive Maintenance) 31 2555 30 2556 7,628 7,378.00

32,630.00 16,260.00 2 1

2.11 5

()

() / 2555 6

2556

10. - 4 2555 4,750 6 2556 (Preventive Maintenance) 10,540 31 2554, 31 2555 30 2556 1,352,264.35 , 624,250 3,785.00 2554 2,850,000 ( VAT)

4,750.00 10,540.00 2555 6 2 1 2554

2.11 6

()

1.-4.

5.

6.

7.-10.

() / 2555 6 2556

30 2556 4,200.00

0.00 4,200

31 2555 7,576.39 6,545.23 880.69 14,606.38 29,608.69 30 2556 9,200.00

29,608.69 9,200.00 2555 30 2556

2.11 7

()

() / 2555 6 2556

31 2555 . 54,811.76 9,801.66 5,450.56 407.00 70,470.98

70,470.98 0.00 . 3

2.11 8

()

()

/ 31

2555 30

2556 .

- 20 2 o 10

.

o 10 .

- 1 o 5

.

9,821,128.56

0.00

5,000,000.00

10,000,000.00

6,215,514.73

5,000,000.00

2.11 9

()

() / 31

2555 30

2556 .

- 34 . 4 o 22.6 o 4.4 o 2 Software Hardware o 5

1,756,000.00 0.00 0.00

168,059.00

340,000.00 0.00 0.00

976,293.00

Software Hardware .

2.11 10

()

(USD)

/ 31

2555 30

2556 .

- 100,000 161-2-02237-5 1.18 .

0.00 0.00

.

2.11 11

()

2.11 12

()

/ 31 2555

30 2556

.

- 15 2 o 5

.

o 10 , 161-2-01511-5 , 161-2-02237-5 .

- 1 o 5

() 161-2-01511-5 161-2-02237-5 () .

5,000,000.00

6,592,978.21

0.00

5,000,000.00

7,408,267.18

5,000,000.00

()

2.11 13

() / 31

2555 30

2556 .

- 6.50 161-2-01511-5 1.23 .

940,101.95

1,155,744.55

.

()

2.11 14

11.2

11.3

()

2.11 15

1.

2. /

/

/

( 56-1) ( 56-2)

()

2.12 1

12.

12.1

2553 3696

2554 * 4165

2555 * 4165

6 2556 * 4165

* ...

2553 31 2552 33.18 31 2553

2554 31 2554 31 2554 31 2554 31 2554

2555 31 2555 31 2555 31 2555 31 2555

()

2.12 2

30 2556 30 2556 3 6 30 2556 6 30 2556 30 2556 6 30 2556 6 30 2556 ()

()

:

31 2553

()* 31 2554 ()

31 2555 ()

30 2556 ()

4,175 2.93% 2,830 1.58%

2,969 1.50% 1,720 0.76%

43,450 30.49%

53,481 29.94%

56,230 28.45% 71,373 31.71%

2,394 1.68%

2,417 1.35%

3,136 1.59% 3,457 1.54%

48,176 33.81%

68,663 38.44%

76,001 38.45% 85,424 37.95% - 0.00% - 0.00% - 0.00% - 0.00%

1,079 0.76%

823 0.46%

1,474 0.75% 2,825 1.26%

170 0.12%

395 0.22% 353 0.18% 256 0.11%

99,444 69.79% 128,609 71.99% 140,163 70.91% 165,055 73.33%

2,316 1.63%

2,348 1.31%

2,395 1.21% 2,416 1.07%

6,607 4.64%

5,912 3.31%

7,030 3.56% 5,658 2.51%

2.12 3

()

31 2553 31 2554 31 2555 30 2556

()* () () ()

- 0.00% - 0.00%

- 0.00% - 0.00%

-

31,155 21.86%

35,741 20.01%

41,057 20.77% 45,391 20.17%

2,687 1.89%

2,787 1.56%

2,794 1.41% 2,734 1.21%

- 0.00%

2,070 1.16%

2,870 1.45% 2,461 1.09% 284 0.20% 1,177 0.66% 1,355 0.69% 1,357 0.60%

43,050 30.21% 50,035 28.01%

57,501 29.09% 60,017 26.67%

142,494 100.00% 178,644 100.00% 197,664 100.00% 225,072 100.00%

21,063 14.78%

10,717 6.00%

23,513 11.90% 33,625 14.94%

-

10,816 7.59%

26,202 14.67%

12,941 6.55% 25,426 11.30% - 111 0.08% 132 0.07% 100 0.05% 9 0.00%

650 0.46%

935 0.52%

1,625 0.82% 2,268 1.01% 2.51% 1.59% 0.97% 1,316 0.58%

2.12 4

()

31 2553 31 2554 31 2555 30 2556

()* () () ()

3,572 2,832 1,924

450 0.32% - 0.00% - 0.00% - 0.00%

2,732 1.92%

2,678 1.50%

1,851 0.94% 494 0.22%

19 0.01%

2,458 1.38%

1,582 0.80% 1,904 0.85%

- 0.00%

11,833 6.62%

14,216 7.19% 11,652 5.18% 120 0.08% 461 0.26% 1,306 0.66% 1,471 0.65%

39,533 27.74% 58,248 32.61%

59,058 29.88% 78,165 34.73%

33 0.02%

3,376 1.89%

6,577 3.33% 8,486 3.77%

4,588 3.22%

1,756 0.98%

- 0.00% - 0.00%

1,284 0.90% - 0.00% - 0.00% - 0.00%

5,201 3.65%

6,059 3.39%

6,984 3.53% 7,481 3.32%

- 0.00%

1,260 0.71%

1,557 0.79% 1,242 0.55%

2.12 5

()

31 2553 31 2554 31 2555 30 2556

()* () () ()

74 0.05%

74 0.04% 74 0.04% 75 0.03%

11,180 7.85% 12,525 7.01%

15,192 7.69% 17,284 7.68%

50,713 35.59% 70,773 39.62%

74,250 37.56% 95,449 42.41% 60,399 42.39% 70,399 39.41% 100,000 50.59% 100,000 44.43% 60,399 42.39% 70,399 39.41% 70,399 35.62% 70,399 31.28% 7,958 5.59% 11,858 6.64% 11,858 6.00% 11,858 5.27% - - 0.00% 1,190 0.67% 1,190 0.60% 1,872 0.83% - 20,873 14.65% 21,873 12.24% 37,416 18.93% 42,943 19.08% 2,551 1.79% 2,551 1.43% 2,551 1.29% 2,551 1.13%

91,781 64.41% 107,871 60.38% 123,414 62.44% 129,623 57.59%

142,494 100.00% 178,644 100.00% 197,664 100.00% 225,072 100.00% * 2553 ...

2.12 6

()

:

31 2553 ()*

31 2554 ()

31 2555 ()

30 2555 ()

30 2556 ()

180,953 99.05% 212,424 98.71% 257,146 98.56% 120,277 98.99% 141,972 98.86% 1,184 0.65% 1,822 0.85% 1,004 0.38% 610 0.50% 751 0.52% 544 0.30% 959 0.45% 2,741 1.05% 620 0.51% 884 0.62%

182,681 100.00% 215,205 100.00% 260,892 100.00% 121,507 100.00% 143,607 100.00% 118,688 64.97% 135,877 63.14% 169,034 64.79% 78,077 64.26% 96,361 67.10% 2,140 1.17% 8,573 3.98% 10,904 4.18% 4,598 3.78% 7,214 5.02% 42,178 23.09% 29,695 13.80% 31,864 12.21% 15,609 12.85% 17,099 11.91% 10,481 5.74% 22,357 10.39% 25,822 9.90% 12,881 10.60% 13,517 9.41%

173,487 94.97% 196,503 91.31% 237,624 91.08% 111,165 91.49% 134,191 93.44% 9,195 5.03% 18,701 8.69% 23,268 8.92% 10,342 8.51% 9,416 6.56% 1,783 0.98% 1,982 0.92% 2,935 1.13% 1,296 1.07% 1,529 1.06% 7,411 4.06% 16,720 7.77% 20,332 7.79% 9,046 7.44% 7,887 5.49% 4,747 2.60% 5,484 2.55% 5,292 2.03% 2,243 1.85% 1,678 1.17% () 2,664 1.46% 11,235 5.22% 15,040 5.76% 6,803 5.60% 6,209 4.32% 2,551 1.40% - 0.00% - 0.00% - 0.00% - 0.00% 5,215 2.85% 11,235 5.22% 15,040 5.76% 6,803 5.60% 6,209 4.32% * 2553 ...

2.12 7

()

:

31 2553 ()*

31 2554 ()

31 2555 ()

30 2556 ()

7,412 16,720 20,332 7,887

3,697 3,968 4,449 2,574 () 11,904 605 1,854 (273) 530 212 455 (187)

() - 380 (380) - 824 - - - - - 170 -

() (131) (543) (2,084) (605) - - 5 - () 3 78 (6) 92 - 601 628 328 1,783 1,982 2,935 1,529 (120) (65) (87) (27)

25,903 23,937 28,272 11,318 ()

(12,138) (8,364) (5,806) (15,471) (50) (1,447) 1,148 539 (5,099) (1,267) (2,619) 1,117 (6,001) (21,499) (6,982) (9,236) 1,843 278 (652) (1,351) 430 (225) 42 97

2.12 8

()

31 2553 31 2554 31 2555 30 2556 ()* () () ()

(12) (215) (855) (3) ()

(271) - - - 344 15,294 (13,270) 12,362 111 21 (32) (91) - 206 240 - (5,200) 11,833 2,383 (2,564) (795) 2,439 (877) 323 (530) 341 845 164 74 - 475 1 - - - -

() (1,391) 21,332 2,311 (2,795) (1,673) (1,568) (2,084) (1,328) (2,701) (6,239) (6,123) (2,945)

() (5,765) 13,525 (5,896) (7,068) 120 63 87 27 (17) (32) (47) (21) 674 - - - - - - - (1,435) (2,938) (4,173) (3,233) (990) (512) (551) (235) 170 669 2,463 684

2.12 9

()

31 2553 31 2554 31 2555 30 2556 ()* () () ()

() (1,478) (2,750) (2,220) (2,778) () 14,761 (10,346) 12,796 10,112 (837) (2,246) (1,877) (907)

(2,700) - - - 540 - 1,218 976 (4,051) (3,572) (3,882) (1,584) - 13,900 - - - (9,856) - - () 7,713 (12,120) 8,255 8,597 () 470 (1,344) 139 (1,249) 3,705 4,175 2,830 2,969 4,175 2,830 2,969 1,720

* 2553 ...

31 2553 31 2554 31 2555 30 2556

() 2.52 2.21 2.37 2.11

() 1.27 1.01 1.06 0.94

() (0.16) 0.277 (0.10) (0.10)

2.12 10

()

31 2553 31 2554 31 2555 30 2556

() 3.71 3.59 3.89 3.74

() 97.01 100.33 92.50 96.23

2.59 2.29 2.29 2.36

138.98 157.53 156.97 152.83

() 14.68 7.29 8.59 10.05

() 24.52 49.36 41.93 35.83

Cash Cycle () 211.47 208.49 207.54 213.22

(Profitability Ratio)

(%) 34.84% 36.58% 34.52% 32.48%

(%) 5.08% 8.80% 9.05% 6.63%

(%) (0.63) 72.32% (0.25) (0.75)

(%) 1.46% 5.22% 5.76% 4.32%

(Efficiency Ratio) (%)

3.48%

11.26%

13.01%

9.82%

(%) 1.92% 7.00% 7.99% 5.88%

(%) 19.32% 45.45% 50.75% 40.64%

() 1.32 1.34 1.39 1.36

(Financial Policy Ratio)

2.12 11

()

2.12 12

31 2553 31 2554 31 2555 30 2556

() 0.55 0.66 0.60 0.74

() 18.10 20.25 17.51 11.74

(Cash Basis) () (0.79) 0.71 (0.56) (1.19)

(%) 0.00% 87.72% 0.00% 0.00%

*

- () 0.02 0.08 0.11 0.04

() 0.76 0.77 0.88 0.92

: * 2553 2554 0.50

()

2.12 13

12.2

12.2.1

95 117 (Purified Water Treatment System) 3 2.2 2.4

1) 2) 3)

12.2.2

() 2553 2555 6 2556 182.68 , 215.20 , 260.89 143.61 2553 26.67 17.10 2552 , 2554 32.52 17.80 2553 2555 45.69 21.23 6 2556 22.10 18.19 2555 , 6

() 2555 1

:

2553 2554 2555 6 56

% % % %

166,753.02 91.28%

184,136.46 85.56% 218,128.06 83.61% 121,164.06 84.37%

6,026.99 3.30% 21,794.61 10.13% 28,393.61 10.88%

16,723.66 11.65% 6,683.64 3.66% 4,427.52 2.06% 4,907.34 1.88%

751.43 0.52%

2,673.79 1.46%

3,887.01 1.81%

6,721.35 2.58%

4,083.82 2.84%

*

544.18 0.30%

959.01 0.45%

2,741.45 1.05%

883.87 0.62%

182,681.63 100.00%

215,204.62 100.00%

260,891.81 100.00% 143,606.84 100.00%

* , ()()

:

2.12 14

()

:

1.

2553 2555 6 2556 166.75 , 184.14 , 218.13 121.16 91.28 85.56, 83.61 84.37

2553 2555 2 18.81 2554 2555 6.04 29.53 10.85 29.50

2.12 15

()

2.12 16

2555 2554 13.65 2554 6.54 10.85 2553 42.51 2554 2555 4.81 5.56 38.71 32.31 56.73, 34.22 9.05

6 2556 18.63 18.17 2555 1. 13.52 22.23 2. 1.62 5.07 3. 3.50 35.82 2555

2.

1 2

()

2.12 17

2

1. 2

1.1

1.2 (Turnkey)

2. 5

2553 2555 6 2556 12.71 , 26.22 , 33.30 17.47 6.96, 12.19, 12.76 12.17

2553 2555 2550 2553 2554 (Turnkey) 2554 2555

6 2556 1.70 10.78 2555 3.03 5 2.60 1.47 2555 6 2556 3 1.86 2555 3 2.90

()

2.12 18

3.

2553 2555 6 2556 2.67 , 3.89 , 6.72 4.08 1.46, 1.81, 2.58 2.84 2553 2554 2555 2554 0.20 6 2556 2555

2553 2555 6 2556 0.54 , 0.96 , 2.74 0.88 0.30, 0.45, 1.05 0.62 , (), ()

2553 2555 6 2556 118.69 , 135.88 , 169.03 96.36 64.97, 63.14, 64.79 67.10

()

2.12 19

:

2553 2554 2555 6 56

% % % %

110,955.85

93.49%

119,249,31

87.76%

146,337.47

86.57% 85,101.53 88.32%

3,929.61

3.31%

14,571.67

10.72%

19,637.41

11.62%

10,591.32 10.99%

3,363.33

2.83%

1,573.17

1.16%

2,264.04

1.34%

103.79 0.11%

438.97

0.37%

483.28

0.36%

794.91

0.47%

564.08 0.59%

118,687.76

100.00%

135,877.43

100.00%

169,033.83

100.00%

96,360.72 100.00%

2553 2555 6 2556 110.96 , 119.25 , 146.34 , 85.10 93.49, 87.76, 86.57 88.32 3 6 2556 2555

2553 2555 6 2556 7.29 , 16.14 , 21.90 10.67 6.14, 11.88, 12.96 11.10 2554 2555 6 2556 2555

2553 2555 6 2556 0.44 , 0.49 , 0.79 0.56 0.37, 0.36, 0.47, 0.59 3 6 2556

()

2.12 20

()

2553 2555 6 2556 63.45 , 78.37 , 89.12 , 46.36 34.84, 36.58, 34.52 32.48 2553 2555 1

6 2556

2553 2555 6 2556 54.80 , 60.63 , 68.59 37.83 30.00, 28.17, 26.29, 26.34

- 2553 2555 6 2556 2.14 , 8.57 , 10.90 7.21 1.17, 3.98, 4.18 5.02 3

()

2.12 21

6 2556 2.62 56.89 2555 2553 2555 6 2556 42.18 , 29.69 , 31.86 17.10 23.09, 13.80, 12.21 11.91 2553 12.04 2552 2554 2555 2553 2554 2555 6 2556 1.49 2553 2555 6 2556 10.48 , 22.36 , 25.82 13.52 5.74, 10.39, 9.90 9.41 2553 2.88 2552 2554 2555 11.88 3.46 6 2556 0.64 2553

- 2553 11.90 10.06 2541 2542 5 2551 10 7.5 14 2552 31 2553

2553 2555 9.20 , 18.70 23.27 5.08, 8.80 9.05

()

2.12 22

2553 11.90 2541 10.06

6 2556 9.42 6.63 2555 2556 2555

2553 2555 6 2556

2.67 , 11.24 , 15.04 6.21 1.46, 5.22, 5.76 4.32 (EPS) 0.02 , 0.08 , 0.11 0.04

17 2554

2553 703,986 14 9.90 23 2554 1.2 29 2554

2554 2555

31 2553 2555 30 2556 142.49 , 178.64 , 197.66 225.07 3

()

31 2553 2555 30 2556 - 43.45 , 53.48 , 56.23 71.37 30.49, 29.94, 28.45 31.71 97 , 100 , 93 96 30 - 60 2 1. 2. 31 2554 31 2555 30 2556 () 37.92 38.49 38.31 () 62.41 54.01 57.91 () ( + ) 100.33 92.50 96.23

32 40 38 39 54 62

:

2.12 23

() :

*

** 10.06

(Service Report) / 2 1. 2. Preventive Maintenance(PM) 2555 2 90 3.03 1.04 16.37 5.61 ( )

2.12 24

()

2.12 25

(Service Report) 30

180 -360 50 360 100 2553 540 -720 50 720 100 2555 30 2556

2553 180 -360 50 360 100 11.90 10.06 2541

()

2.12 26

2553 2555 30 2556 20.78, 31.93, 33.39 29.46

30 2556 - 15.14 26.93 2555 31.73 38.13 90 13.71 15.56 16.47 18.70 () 1.70 0.57 2555 0.90 2 2555 90 180 4.80 2.25 5.77 2.70 4.20 0.84 2555 180 - 360 () 2.44 2555 360 () 2555

()

2.12 27

5 2553 2555 30 2556 9.00 , 8.33 , 10.17 9.11 6.32, 4.66, 5.14 4.05

3 30 2556 15 9.11

2 2556 6 100 2555 1.80 2555

2553-2555 30 2556 - 48.18 , 68.66 , 76.00 85.42 33.81, 38.44, 38.45 37.94

:

31 2553 31 2554 31 2555 30 2556 39,442 36,063 46,402 45,492 799 4,314 3,093 3,282 8,465 21,942 25,703 27,088 - 7,087 2,000 10,572

48,706 69,406 77,198 86,434 (530) (743) (1,197) (1,010)

48,176 68,663 76,001 85,424

()

2.12 28

2553-2555 30 2556 139 , 157 , 157 153 30 2556 1.01 1.17 100 (Aging stock report) (Last moving stock report) 2 0.3 0.4 Bill of Quantity (BOQ) 20 (Service Strategy)

2553-2555 12.20, 42.53 10.69 3 30 2556 12.40 2555 2 2556 8.57 2555

()

2.12 29

2553 2555 30 2556 1.08 , 0.82 , 1.47 2.82 0.76, 0.46, 0.75 1.26

2553-2555 30 2556 0.17 , 0.39 , 0.35 0.26 0.12, 0.22, 0.18 0.11

2553 2555 30 2556 2.32 , 2.35 , 2.40 2.41 1.63, 1.31, 1.21 1.07

2553 2555 30 2556 31.16 , 35.74 , 41.06 45.39 21.86, 20.01, 20.77 20.17 3 30 2556 2.99 1 1.54

: 31 2553 31 2554 31 2555 30 2556 7,797 7,797 8,103 8,027 18,615 17,098 15,955 15,405 1,089 1,153 1,745 3,285 2,384 3,539 5,093 5,521

()

2.12 30

31 2553 31 2554 31 2555 30 2556 1,270 5,973 10,159 13,153 - 181 2 - 31,155 35,741 41,057 45,391

(ERP) SAP 2553-2555 30 2556 2.69 , 2.79 , 2.79 2.73 1.89, 1.56, 1.41 1.21

1 2556 2554 2554-2555 30 2556 2.07 , 2.87 2.46 1.16, 1.45 1.09

2553-2555 30 2556 0.28 , 1.18 , 1.35 1.36 0.20, 0.66, 0.69 0.60

2553 2555 30 2556 2 1) 21.06 , 10.72 , 23.51 33.62 41.53, 15.14, 31.67 35.23 2) 8.16 , 4.59 , 1.92 1.32 16.09, 6.48, 2.59 1.38

2553 2555 IT 2554 13.90

()

2.12 31

30 2556 10.11

-

2553-2555 30 2556 10.82 , 26.20 , 12.94 25.43 21.33, 37.02, 17.43 26.64 24 , 49 , 42 36 30 60 2554 30 2556

-

2553-2555 30 2556 0.11 , 0.13 , 0.10 0.01 0.22, 0.19, 0.13 0.01

2553-2555 30 2556 2.73 , 2.68 , 1.85 0.49 5.39, 3.78, 2.49 0.52

2553 - 2555 30 2556 0.02 , 2.46 , 1.58 1.90 0.04, 3.47, 2.13 1.99

3 2553 2553 2554 - 2555 30 2556 11.83 , 14.22 11.65 16.72, 19.15 12.21

()

2.12 32

30 2556 2.57

2553 2555 30 2556 0.68 , 4.31 , 8.20 10.75 1.35, 6.09, 11.05 11.27 30 2556 5

1 2556 2554 2554-2555 30 2556 1.26 , 1.56 1.24 1.78, 2.10 1.30

2553-2555 30 2556 0.12 0.46 , 1.31 1.47 0.24 0.65, 1.76 1.54

2553 -2555 30 2556 0.07 , 0.07 , 0.07 0.07 0.15, 0.10, 0.10 0.08

2553 - 2555 30 2556 5.20 , 6.06 , 6.98 7.48 10.26, 8.56, 9.41 7.84 1 2554 19

2554 1 2554 31 2553 26.07

()

2.12 33

2553 5.20 0.86 30 2556 0.50 2555 7.48

2553-2555 30 2556 91.78 , 107.87 , 123.41 129.62 0.55 0.66 , 0.60 0.74

2553 2555 1. 2553 44.00 60.40 2. 2554 60.40 70.40 3.

30 2556 129.62 6.21 2555 6.21 6.21

: 31 2553 31 2554 31 2555 30 2556 () (5,765) 13,525 (5,896) (7,068) () (1,478) (2,750) (2,220) (2,778) () 7,713 (12,120) 8,255 8,597 () 470 (1,344) 139 (1,249)

2553 2555 30 2556 () (5.76) , 13.52 , (5.90) (7.07) 2553 2555 2.66 15.04 12.19 4.66 6.00 6.98 2555 13.27 2554 11.23 0.85 15.31

()

2.12 34

6 2556 6.21 12.27 14.93 9.24

2553 2555 30 2556 () (1.48) , (2.75) , (2.22) (2.78) 2553 2555 1.43 , 2.94 , 4.17 6 2556 4.17 2.46

2553 2555 30 2556 () 7.71 , (12.12) , 8.25 8.60 2553 2555 14.76 12.80 2554 17.34 9.86 13.90 6 2556 10.11

2553 2555 31 2556 () 0.47 , (1.34) , 0.14 0.20 4.17 , 2.83 , 2.97 3.17

2553 2555 30 2556 2.52 . 2.21 , 2.37 2.11 1.27 , 1.01 , 1.06 0.94

()

2.12 35

31 2553 31 2554 31 2555 30 2556 () 97.01 100.33 92.50 96.23 () 138.98 157.53 156.97 152.83 () 24.52 49.36 41.93 35.83 () 211.47 208.49 207.54 213.22

2553 2555 30 2556 211 . 208 , 208 213 0 - 180 84.22 30 2556

:

. .

0-180 51.5 9.9 181-360 3.9 0.8 361-540 2.1 0.2 541-720 0.7 0.2 720-900 0.7 0.1 900 2.1 0.7 61.0 11.9 (0.8) (0.2) - 60.2* 11.7*

*

32 40 38 39 54 62 30 60 Preventive Maintenance(PM)

()

2.12 36

12.3

2556 / 795,000 510,000 3 285,000

12.4

59,202,800 29.60 ( 200,000,000 0.50 ) (Dilution Effect)

()

2.13 1

13.

- -

()


3

()

3

1.

1.1

() () (Filter Vision Public Company Limited)

()

59,202,800 29.60

0.50

1.20

71.04

17 18 2556 21 2556

1.2 5.2

24,202,800

/ 35,000,000

5.2.1 5.6

3 1

()

/ 5.2 / . 70/2552 1 2552 ()

5.2

() () ()

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() () () () () () () () ()

5.2.1

3 2

()

/ / / / / / // . 29/2551 15 2551 () 5.2 () 5.2.1

1.3

1.4

() () 9 2556 () .. 2546 24 2546 () 300 20 1

1.5 55

1

3 3

()

( ..2544 22 2544 () 25 6 1

2.

7 (49)

3.

(Market Comparable)

() (Price to Earning Ratio : P/E)

1.20 16.61 4 2 2555 2 2556 14.45 200 (Fully Diluted) 0.07 1 1 2555 30 2556 26.31

4.

- -

3 4

()

5.

5.1

5.2

5.2.1

() 132 1 2 10330 0-2205-7000 : 0-2252-8286

5.2.2 () () 849 15 10500 02- 635-1700 02-635-1662

5.3

5.3.1

() 5.2.1 5.2.2 59,202,800 1 5.2.1 5.2.2 (Firm Underwriting Basis)

5.9

()

3 5

()

() () (Underwriting Agreement) 5.9

5.3.2

() 5.2.1 5.2.2 4,000,000 () 5

5.3.3 ()

59,202,800 1.20 71,043,360

6,500,000

64,543,360

1.09

5.4 ()

* 50,000

* 56,835

30,000

50,000

* 25,000

3 6

()

* 50,000

4,000,000

** 2,238,165

6,500,000 : *

**

5.5

5.2.1 / 5.2.2 9.00 . 16.00 .

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5.2.1 9.00 . 16.00 .

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5.6

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()

1 2552 () . 29/2551 15 2551 () . 29/2551 15 2551 ()

2 () 24,202,800 () / 35,000,000

5 (3) .. 2546 24 2546

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5.6.1

5.2.1 5.2.2

3 8

()

5.6.2

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/ /

5.7

5.7.1

() 100 100 ()

- : ( (/) ) Suitability Test ()

- : ( ) Suitability Test ()

- : 6

3 9

()

() () Suitability Test ()

- : 6 () () Suitability Test ()

() 5.2.1 / 5.2.2 9.00 - 16.00 . 17 18 2556 21 2556

()

- 9.00 - 16.00 . 17 2556 ( Automatic Transfer System ATS) ( ) 17 2556 1 5.2.1 / 5.2.2

- 9.00 - 16.00 . 18 2556 9.00 - 16.00 . 21 2556

() 5.2.1 / 5.2.2 () 161-0-14971-8 ()

3 10

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() () () 5.2.1 / 5.2.2 9.00 - 16.00 . 17 18 2556 21 2556

() / 5.2.2 () ()

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() 5.2.1 9.00 - 16.00 . 17 18 2556 21 2556

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3 11

()

17 2556 1 5.2.1

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() () () 5.2.1 9.00 - 16.00 . 17 18 2556 21 2556

() 5.2.1 () ()

5.7.3 /

() 100 100 ()

: ( (/) ) Suitability Test ()

3 12

()

: ( ) Suitability Test () : 6 () () Suitability Test () : 6 () () Suitability Test ()

() 5.2.1 9.00 - 16.00 . 17 18 2556 21 2556

()

- 9.00 - 16.00 . 17 2556 ( Automatic Transfer System ATS) ( ) 17 2556 1 5.2.1

- 9.00 - 16.00 . 18 2556 9.00 - 16.00 . 21 2556

3 13

()

() 5.2.1 () 161-0-14971-8 ()

() () () 5.2.1 9.00 - 16.00 . 17 18 2556 21 2556

() 5.2.1 () ()

5.8

5.8.1

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5.2.1

5.8.3 /

/

3 14

()

5.9 5.9.1

5.2.1 / 5.2.2 14 14 / 7.5 14 /

5.9.2

5.2.1 / 5.2.2 14 14 / 7.5 14 /

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5.9.4

() 5.3.1 () 5 () () 14 () 7.5 14 14

3 16

()

7.5

5.10

() () (Scripless System)

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() 15

() () 7 5.10 () 5.10 ()

() 600 600

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()59 - 9

- 9 - M.S.T. (Business Ed.) Portland, Oregon, U.S.A. Portland State University - () - - Director Accreditation Program (DAP) 90/2011

- 2555 - 2554 - 2553 - 2549 - 2550

- () - - - ()

()

/ 5 ()

/ 2. .

( )

50 - DODT. (Organization Development and Transformation)

Cebu Doctors University, Philippines - Master of Business Administration Oklahoma City University

-

- Director Certification Program (DCP) 32/2003

42.47%

2538 - 2534 2550 -

- () - - ()

1 2

()

/ 5 ()

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( )

49 - - - Director Accreditation Program (DAP) 71/2008

- 2556- 2554 - 2551 2550 - ..2555 ..2555 2542 - 2549

- () - () - () - - () -

1 3

()

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( )

45 - - Director Accreditation Program (DAP) 50/2006

- 2554 2552- 2549 2535

- () - () - () -

5. ( )

49 - - - - Director Accreditation Program (DAP) 6/2003

- 2554 - 2543 -

- () - Commercial Manager ()

1 4

()

/ 5 ()

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( ) 63 -

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- Director Accreditation Program (DAP) 99/2012

- 2555 2552 2554 2550 2552 2548 - 2550

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- 2554 2546 -

- () -

1 5

()

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() 49 - DODT. (Organization Development and

Transformation) CEBU DOCTER University, Philippines - - - Director Accreditation Program (DAP) 99/2012

4.63% 2554 2555 2553 2550 - 2548

- () - - - -

9. ( )

43 - - Director Accreditation Program (DAP) 99/2012

5.78% 2539 -

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5.30% .

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1.2

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 1. X I I I I I 2. . I, II, V I,V I,III 3. I I 4. I, III I,III I I,V I,II,V 5. I, III 6. I, III I,III I 7. I I,V I,V 8. I,II,V I I 9. I I I,II I,II I,II I,II 10. I,II,V I I 11. I,II,V V 12. II, V V 13. II, V V 14. II, V V 15. II,V V 16. II,V V X = I = II = III = V =

1 9

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7. 8. ()

9. 10. 11. 12. . 13. ()

14. () 15. () 16.

17. 18. 19. 20. () 21.

()

31 2555

- 1. 2. . 3. 4.

- 1. 2. 3.

1 11

()


2

()

2 1

()

28 2556

()

2 2

1 (Organizational Control and Environment Measure)

1.1 1.2 ( )

()

2 3

1.3 1.4 (code of conduct) 1.5 1.6

()

2 4

2 (Risk Management Measure)

(1) (Identification of risk) (2) (Analysis of risk) (3) (Management of risk)

2.1 2.2 2.3

()

2 5

2.4 2.5

()

2 6

3 (Management Control Activities)

(1) (2) (3) (4)

3.1 3.2 3 (1) (2) (3) 3.3

()

2 7

3.4 3.3

3.5 3.3 (on arms length basis) 3.6 ( ) ( )

3.7 3.3

()

2 8

3.8 3.9 3.10

()

2 9

4 (Information and Communication Measure)

(1) (2) (3) (4) (5)

4.1 ( ) 4.2 7

()

2 10

4.3 4.4 4.5

()

2 11

5 (Monitoring)

5.1 5.2 5.3

()

2 12

5.4 5.5 / 5.6 / 5.7

()


3

Filter Vision Public Company Limited 1 (Executive Summary) 1 (Executive Summary)

Filter Vision Public Company Limited 2 2

18 2556 20 2555 () ()

1. 3. 4. 5. 6.

13.

Filter Vision Public Company Limited 3 3

1.1

Filter Vision Public Company Limited 4 4 4

4

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Filter Vision Public Company Limited 3

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