Report of Financial Covenants Compliance
28 กุมภาพันธ์ 2549
- Translation -
Ref: AIS-CP030/06
February 27, 2006
Subject: Report of Financial Covenants Compliance
Advanced Info Service Plc.
To The President
The Stock Exchange of Thailand
Pursuance to the Terms and Conditions of the debentures of Advanced
Info Service Plc. AIS063A, AIS06NA, AIS073A, AIS07OA, AIS093A, and
AIS093B, the Company is required to maintain debt to equity ratio at
not more than 2:1. This ratio will be calculated from an unconsolidated
financial statement of the Company on a quarterly basis. The Company is,
in addition, required to report a default on any debt obligation if there
is any. In case that the Company pays dividend to the shareholders more
than 40% of the net profit, the Company must maintain a credit rating at
least AA.
We would like to notify you that as at 31 December, 2005 the Company was
not in default on any debt obligation. The Company can maintain the credit
rating at AA. The debt to equity ratios of the Company as at 31 December
2005 were as follows:
Debentures Debt to Equity ratio
Conditions Compliance
AIS063A less than or equal to 2:1 0.66:1
AIS06NA,AIS073A, less than or equal to 2:1 0.57:1
AIS07OA,AIS093A,
AIS093B
The Company is completely complied with the conditions set forth in
the Terms and Conditions of the above debentures.
Please be informed accordingly.
-(Signed)-
Mr. Pong-Amorn Nimpoonsawat
Chief Finance Officer