Company's Business
POLICY AND OVERVIEW OF BUSINESS OPERATION
Asia Sermkij Leasing Public Company Limited (“the Company”) was established in Year 1984 by Bangkok Bank Public Company Limited Group to operate hire purchase business for all new car types of automobiles to its customers in Bangkok and metropolitan area. Subsequently the Company has expanded its business into used car hire purchase, personal loan, floor plan financing and sale and hire purchase back service (SHB Service) automoble finance as well as other services such as auto registration, tax renewal and insurance services.
The Company has 2 subsidiaries, namely Bangkok Grand Pacific Lease Public Company Limited (“BGPL”) operation Automoble hire purchase Business, Machinery and Vehicle Leasing, Other Financing Businesses and Solar rooftop leasing and SK Insurance Broker Company Limited (“SKIB”) operation Insurance facilitation service Business as shown following
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As of December 31 ,2023 the Company had registered and paid up capital of THB 2,639.22 million divided into 527.84 million ordinary shares at par value THB 5.00 per share with the right to vote for one share one vote. In 2023, the Company has 19 branches, (In 2022 had 17 branches) in Rayong, SamutSakhon, Phitsanulok, Chiang Rai, KhonKaen, UbonRatchathani, Lampang, NakhonRatchasima, UdonThani, Mukdahan, SaKaeo, Kanchanaburi, Nakhon Sawan, Chiang Mai, Surat Thani, Chonburi, Songkhla, Buriram and Phuket provinces, and 2 hubs in Bangkok which are Bang khae and Bang Na and 1 head office with service areas includes all of the countries and regions around Thailand. |
NATURE OF BUSINESS
Business Operation in Each Product Line
Business operation of the group company can be classified into 6 main categories, i.e. 1) Automobile hire purchase business 2) Machinery, equipment and vehicle leasing / hire purchase business 3) Loan business 4) Insurance Brokers business 5) Solar PPA business and 6) Other services including auto registration and transfers and tax renewal service. Details are as follows:
The Company offers automobile hire purchase, mainly to individual customers, for both new and used automobile, including passenger and commercial car such as pickup, van, truck, taxi and mini bus, etc. Majority of the Company’s customers are in Bangkok and metropolitan area followed by customers in the Central and Northeast. The Company seeking new potential growth opportunities areas to expand into a new market and area can reach new demand for loanable for offering financial products to meet the customers’ need for supported a changing according to the time period for all customer group and cover all areas throughout Thailand.
The Company is a founding member of Thai Hire Purchase Association which one of the Company’s management is a director of such association. In addition, the Company is a member of the National Credit Bureau Co., Ltd.
The Subsidiary (Bangkok Grand Pacific Lease Plc.) has commenced its leasing and hire purchase businesses since Year 1989 primarily to corporate customers. The leasing credit includes financial lease. The majority of the business operators utilizing services of the subsidiary are situated in Bangkok and metropolitan area. the subsidiary focuses on providing service to small and medium size enterprises in industries with potential such as Electrical Products and Computer, Vehicles and Parts, and Services. Assets under leasing and hire purchase agreement include machinery, equipment and vehicle. Leased and hire-purchased machinery of the subsidiary consists of both new and used machines, particularly durable and liquid machinery whose technology does not change rapidly. Leased and hire-purchased vehicles include various types of both new and used vehicles, i.e. pickup, van and truck, etc. Currently the subsidiary has started providing loan for solar cell equipment. Currently the subsidiary is a member of Thailand Leasing Association.
The Subsidiary explained the energy business i.e Providing loan services for solar power generation equipment (Solar Rooftop) in the form of leasing, loans and investment. In order to, that can support and helps reduce the problem of global warming, reduce climate change. Also, consider the environment and energy.
The Company provide other financing services such as Car loan and Sale and hire purchase back Service: SHB Service, which credit to person who is the owner of the car for enhance working capital needs. Personal loan, the Company has commencedcpersonal loan is a special service offered only to the good customers in need of cash. Floor plan financing, the Company has commenced its floor plan financing service to auto dealers as a source of fund for auto purchasing for resale to enhance their liquidity and support on a selective basis only to auto dealers who referred hire purchase customers to the Company. In addition, The Company and its subsidiary provide Direct Loan service
The Company and its subsidiary also provide insurance facilitation services to auto hire purchase customers and general customers. Mainly operated by SK insurance Brokers Company Limited. Insurers that provide the service by Giving advice by the experts, Providing new insurance for company’s customers and a third party, Renewal of the voluntary and compulsory motor insurance (CMI) and Coordination on indemnity for your convenience and rapidity. Also, the company has a variety of insurance company partners for services include:
- Vehicle insurance e.g. voluntary and compulsory motor insurance (CMI)
- Machine insurance
- Fire insurance
- Marine and cargo insurance
- Life insurance
- Credit Life Insurance
- Miscellaneous insurance e.g. personal accident insurance, third party liability insurance
Since 2023, The Subsidiary (Bangkok Grand Pacific Lease Public Company Limited) started operating the Power Purchase Agreement (PPA) project produced from the solar power system (Solar Rooftop) installed on the roofs of factories or buildings of business operators, which for the most is large -sized industrial. For the distribution and installation, there is an agreement to buy and sell solar energy produced from solar rooftops, in which the Subsidiaries is an investor according to the terms of the contract between the Subsidiary and the customer.
The Company and its subsidiary also provide other services to auto hire purchase customers including auto registrations and transfers and tax renewal etc. in order to provide full service to the customers.
