Top50com in Thailand

36 January-February 2013 TTIS Textile Digest

Top 50 Companies

Top 50 Thai Textile & Garment Companies

Textile & Garment Situation During the first 9 months of 2012

(Jan-Sept), total textile and garment ex-ports from Thailand were valued at USD 5,412.45million, down 15.66 % compared to the same period in 2011. Of this amount, export of textile products amounted to USD 3,166.48million (-18.25%), garment exports USD 2,245.97million (-11.73%).

During the same period, total textile and garment imports were valued at USD 3,806.23 million, an increase of 1.62 % com-pared to the same period in 2011. Of this amount, textile imports were valued at USD 3,118.34million, a decrease of 1.27% from the previous year. Import of fabrics woven from synthetic and man-made fiber (52.22% of which came from China) increased by 5.33% while garment imports valued at USD 687.89 million shown an increase of 17.13%, due to robust import growth in the category of pants and skirts.

TTIS ranking of Top 50 Textile& Garment Co., for year 2011

relied on data compiled bythe Department of Business

Development, Ministry ofCommerce, as of November 22,

2012. This years Top 50list comprises 2 Fibercompanies, 28 textile

companies, 16 garmentproducers, and 4 companies

in the Others category.

37January-February 2013 TTIS Textile Digest

Sectorial Performance

FiberThis year 2 fiber companies are

listed among the Top 50 T&G companies. Indorama Polyester ranks No.1 by revenue while attaining the Top-10 lists by profit size and asset, backed by 25% revenue growth, 2.7% net margin and 6.6% ROA, albeit at the expense of high negative earnings growth of -73%.

Textile

Average revenue growth for 28 textile companies in 2011 was calculated at 282%, down from 600% in 2010. Average net margin also declined from 197% in 2010 to 77% in 2011. Average earnings growth for 2011 was negative at -3060% compared to +2408% in 2010, resulting in sharp drop of average ROE and ROA from 420% and 500% in 2010 to 12.5% and 362%, respectively.

Dominant in the Top-10 list by revenue this year, major textile companies with revenues ranging from Bt 4000 to 7000 million included Jongstit, Luckytex (Thailand), Lucky Spinning, YRC Textile, Natural Rubber and Kangwal Textile.

Luckytex (Thailand) rose No. 3 rank with a comfortable net margin of 5.5%, 10.6% ROE, 14% ROA, 54% revenue growth and 70% earnings growth.

STB Textile Industry made the Top-10 list by profit on the back of 7.8% revenue growth, 9% earnings growth, 16.6% net margin, 117% revenue/asset gearing, to achieve 24% ROE and 105% ROA.

Backed by 26% net margin, 24% revenue/asset and 5.8% debt/equity ratios, Saha Union gained No. 1 slot by assets to yield 6.6% ROE and 114% ROA, notwithstanding -33% revenue growth and -42% earnings growth.


Natural Rubber capitalized on 4% net margin to yield 28% ROE, 15% ROA, backed by 23% revenue growth, albeit at the expense of -45% earnings growth. Working with 0.01% net margin, YRC managed to increase revenue by 4.8%, yielding 3% ROE and ROA, at the expense of -39% earnings growth. Jongstit and Kangwal Textile also worked with less than 1% net margin to maintain revenue growth at 2% and 14.7%, respectively, along with ROE and ROA ap-proximating 1% and double-digit negative earnings growth which characterized many listed textile companies in 2011.

Indorama Holding made the Top-10 lists by asset and profit size along with 23% ROE and 34% ROA, backed by 55% revenue growth and 14% net margin, albeit at the expense of -63% earnings growth.

Far East Knitting & Spinning made the Top-10 list by asset, revenue growth (41%) and earnings growth (99%), working with a mere -0.1% net margin, 769% debt/equity and 36% revenue/asset gearing, at the expense of negative and 0% ROE, ROA. Likewise Thai Taffeta made the Top-10 lists

by revenue growth (38%) and earnings growth (59%), working with -1.5% margin, 118% revenue/asset and 158% debt/equity ratios. Thai Kurabo reported 34% revenue growth and 33% earnings growth notwith-standing -0.6% net margin, low negative ROE and ROA.

Maintaining its Top-10 ranking by asset, Chiem Pattana Textile worked with -3% net margin, 146% debt/equity and 66% rev-enue/asset gearing, albeit at the expense of negative revenue growth (- 1.9%), and earnings growth.

Working with 0.6% net margin, 86% revenue/asset gearing and 361% debt/eq-uity, Erawan Textile achieved 25% revenue growth and top-ranking earnings growth (136.7%), along with 2.5% ROE and 0.7% ROA. Thai Textile Industry was another suc-cess story in a difficult year, achieving 2.9% revenue growth and 830.8 earnings growth on the back of 2.9% net margin, 88% debt equity,107% revenue/asset gearing, 5.8% ROE and 6.5% ROA.


Another perennial star company, The Thai Silk Co., achieved 13% revenue growth and 637% earnings growth, backed by 13.4% net margin, 52% revenue/asset gear-ing and 12% debt/equity.

Thong Thai also achieved 18% ROE, 5.45% ROA and 8% revenue growth backed by 1.8% margin, 336% debt/equity, albeit at the expense of -12.8% earnings growth.

Bangkok Weaving Mills recorded 9.5% revenue growth, 27% ROE, 11.5% ROA, on the back of 19.6% net margin, -28% earn-ings growth and -236% debt equity.

Saha Seiren achieved 11% ROE and 48.5% ROA on the back of 0.5% revenue growth, a top-end 9.3% net margin, 99% revenue/asset gearing, albeit offset by -15.8% earnings growth.

GarmentAverage net margin calculated from

the data of 16 garment companies included in the Top-50 list in 2011 more than tripled that of 2010 at 42% compared to 68% in 2010. Average revenue growth of these companies also increased from 229% in 2010 to 245% in 2011, despite -3,045% drop in earnings growth compared to +537% increase in 2010. Average ROE also declined from 283% in 2010 to 167% in 2011.

3 garment companies made the Top-10 list by revenue this year. Central Trading maintained No. 3 spot backed by 2% net margin and 24% revenue growth, captur-ing No. 2 slot by ROE (66%), along with 3% ROA, albeit offset by -20% earnings growth.

Jaspal won 4 Top-10 ranking by profit size, ROE (48%), net margin (11%), and earnings growth (58%), along with 26% ROA and 27% revenue growth.

Maintaining its place in the Top-10 ranking by asset and profit size, Thai Wacoal yielded 8.8% ROE and 42% ROA, backed by 9.5% net margin, 21% revenue growth, and 3.7% earnings growth. Backed by 11.7% net margin, 25.6% revenue growth and 45% earnings growth, Thanulux achieved 9% ROE and 68.5% ROA.

Nice Apparel No. 4 slot by earnings growth (152%), backed by 14% revenue growth, and 0.8% net margin, to yield 4.7% ROE and 2.4% ROA.

Club 21 gained No.3 spot by ROE (28%) and No. 10 rank by revenue growth (27%) backed by 9% net margin, 52% ROA and 16% earnings growth.

Lim Line and LME also attained Top-10 list by revenue growth (38% and 37% respectively). LME also reported 2.2% net margin, 12% ROE, 3.3% ROA, and 80% earnings growth while Lim Line yielded 9.8% ROE, 1.6% ROA offset by negative earnings growth (-77%) and 0.4% net margin.

Body Fashion reported 43% revenue growth, albeit marred by negative net margin (-15%), ROE, ROA and -2,858% earnings growth.

Hi-tech, gained No. 7 rank by revenue size, with ROE (1.9%), earnings growth -38.5% and net margin (0.2%), to yield 0.5% ROA, despite -1.9% revenue growth.

OthersIn the Other category, DSG recorded

35% revenue growth, 9.4% ROE and 6% ROA, backed by 3.7% net margin, 154% debt/equity, and 99.7% revenue/asset gearing, at the expense of -57% earnings growth.


1 1 IndoramaPolyesterIndustriesPlc . 19,446 522 11,721 7,969 3,752 212.4% 2.7% 13.9% 165.9% 4.5% 24.8% -72.7% 0.37 1 F

2 2 JongStitCo.,Ltd. . 7,456 18 3,664 1,553 2,111 73.6% 0.2% 0.9% 203.5% 0.5% 2.0% -56.1% 1.57 2 T

3 6 Luckytex(Thailand)Plc .() 7,281 400 6,613 2,833 3,771 75.1% 5.5% 10.6% 110.1% 6.0% 53.8% 69.5% 7.72 3 T

4 3 CentralTradingCo.,Ltd. . 6,595 132 4,726 4,526 200 2263.0% 2.0% 66.0% 139.5% 2.8% 23.6% -20.5% 1.65 4 G

5 5 LuckySpinningCo.,Ltd. . 5,264 -113 7,456 5,865 1,591 368.6% -2.1% -7.1% 70.6% -1.5% 7.9% -518.5% (0.71) 5 T

6 4 Y.R.C.TextileCo.,Ltd. .... 5,167 72 4,818 2,417 2,401 100.7% 0.01 3.0% 107.2% 1.5% 4.8% -38.5% 0.45 6 T

7 7 Hi-TechApparelCo.,Ltd. .- 4,580 8 2,009 1,597 413 386.7% 174.8% 1938.0% 228.0% 0.4% -1.9% 61469.2% 3,201.60 7 G

8 9 ThaiWacoalPlc . 4,366 416 5,691 987 4,705 21.0% 9.5% 8.8% 76.7% 7.3% 21.5% 3.7% 3.47 8 G

9 13 NaturalRubberThread . 4,154 173 1,755 1,134 621 182.6% 4.2% 27.9% 236.7% 9.9% 23.3% -44.7% 247.14 9 T

10 11 KangwalTextileCo.,Ltd. . 3,999 11 3,846 2,537 1,309 193.8% 0.3% 0.8% 104.0% 0.3% 14.7% -38.9% 9.17 10 T

11 17 JaspalCo.,Ltd. . 3,871 438 2,589 1,678 911 184.2% 11.3% 48.1% 149.5% 16.9% 27.3% 58.1% 7,300.00 11 G

12 8 ThaiGarmentExportCo.,Ltd. . 3,603 -87 2,086 537 1,549 34.7% -2.4% -5.6% 172.7% -4.2% -9.9% -247.5% (19.77) 12 G

13 10 ChiemPatanaTextilesCo.,Ltd. . 3,497 -106 5,267 3,127 2,141 146.1% -3.0% -5.0% 66.4% -2.0% -1.9% -201.9% (500.00) 13 T

14 21 DSGInternationalCo.,Ltd. .() 3,420 127 3,429 2,077 1,352 153.6% 3.7% 9.4% 99.7% 3.7% 34.8% -57.4% 0.42 14 O

15 14 ThaiTextileIndustryPlc . 3,317 95 3,092 1,451 1,641 88.4% 2.9% 5.8% 107.3% 3.1% 2.9% 830.8% 1.90 15 T

16 15 NanyangGarmentCo.,Ltd. . 2,993 6 2,717 1,943 774 251.0% 0.2% 0.8% 110.2% 0.2% -1.9% -66.7% 12.00 16 G

17 n/a Saha-UnionPublicCo.,Ltd. . 2,910 760 12,183 665 11,518 5.8% 26.1% 6.6% 23.9% 6.2% -32.5% -42.1% 2.53 17 T

18 18 SahaSeirenCo.,Ltd. . 2,857 266 2,892 548 2,343 23.4% 9.3% 11.4% 98.8% 9.2% 0.5% -15.8% 34.10 18 T

19 37 IndoramaHoldingLimited . 2,833 395 4,609 2,887 1,722 167.7% 13.9% 22.9% 61.5% 8.6% 55.0% -63.4% 5.10 19 T

20 30 FarEastKnittingandSpinningCo.,Ltd. . 2,778 -2 7,735 6,845 890 769.1% -0.1% -0.2% 35.9% 0.0% 41.2% 98.9% (0.13) 20 T

21 12 NanYangFabricCo.,Ltd. . 2,721 -319 2,978 2,197 781 281.3% -11.7% -40.8% 91.4% -10.7% -19.5% -2652.0% (42.88) 21 T

22 n/a ThaiTaffetaCo.,Ltd. . 2,699 -41 2,295 1,404 891 157.6% -1.5% -4.6% 117.6% -1.8% 38.3% 59.4% (0.28) 22 T

23 n/a STBTextilesIndustryCo.,Ltd. . 2,667 444 2,277 422 1,855 22.7% 16.6% 23.9% 117.1% 19.5% 7.8% 9.1% 1,850.00 23 T

24 16 HBIManufacturing(Thailand)Ltd. .() 2,657 107 1,621 471 1,150 41.0% 4.0% 9.3% 163.9% 6.6% -12.9% -59.6% 386.84 24 G

25 22 ThaiIndoKordsaCo.,Ltd. .() 2,638 39 1,394 147 1,247 11.8% 1.5% 3.1% 189.2% 2.8% 6.2% -62.1% 0.68 25 F


Liabilities Revenues/ Revenues Earnings T&G Ranking Revenues Earnings Assets Liabilities Equity /Equity Net Margin ROE Asset ROA Growth Growth EPS (bt) Ranking Sector 2011 2010 Company Name 2,011 2,011 2,011 2,011 2,011 2011 2011 2011 2011 2011 2011 2011 2011 2011

*T=Textile/F=Fabric/G=Garment/O=Other


1 1 IndoramaPolyesterIndustriesPlc . 19,446 522 11,721 7,969 3,752 212.4% 2.7% 13.9% 165.9% 4.5% 24.8% -72.7% 0.37 1 F

2 2 JongStitCo.,Ltd. . 7,456 18 3,664 1,553 2,111 73.6% 0.2% 0.9% 203.5% 0.5% 2.0% -56.1% 1.57 2 T


4 3 CentralTradingCo.,Ltd. . 6,595 132 4,726 4,526 200 2263.0% 2.0% 66.0% 139.5% 2.8% 23.6% -20.5% 1.65 4 G




8 9 ThaiWacoalPlc . 4,366 416 5,691 987 4,705 21.0% 9.5% 8.8% 76.7% 7.3% 21.5% 3.7% 3.47 8 G



11 17 JaspalCo.,Ltd. . 3,871 438 2,589 1,678 911 184.2% 11.3% 48.1% 149.5% 16.9% 27.3% 58.1% 7,300.00 11 G



14 21 DSGInternationalCo.,Ltd. .() 3,420 127 3,429 2,077 1,352 153.6% 3.7% 9.4% 99.7% 3.7% 34.8% -57.4% 0.42 14 O












(Unit : Baht Million)



26 38 ThaiKuraboCo.,Ltd. . 2,426 -14 1,620 879 741 118.6% -0.6% -1.9% 149.8% -0.9% 33.7% 33.3% (25.45) 26 T

27 23 NanYangTextileCo.,Ltd. . 2,392 -148 1,895 1,287 608 211.7% -6.2% -24.3% 126.2% -7.8% 9.7% -294.7% (211.43) 27 T

28 41 LimLineApparelCo.,Ltd. . 2,336 9 659 567 92 616.3% 0.4% 9.8% 354.5% 1.4% 37.6% -76.9% 8.18 28 G

29 19 Indo-ThaiSyntheticsCo.,Ltd. . 2,313 -33 1,226 625 601 104.0% -1.4% -5.5% 188.7% -2.7% -12.7% -170.2% (7.86) 29 T

30 24 ThongThaiTextileCo.,Ltd. . 2,311 41 990 763 227 336.1% 1.8% 18.1% 233.4% 4.1% 8.1% -12.8% 91.11 30 T

31 35 ThanuluxPlc . 2,309 270 3,326 394 2,933 13.4% 11.7% 9.2% 69.4% 8.1% 25.6% 44.6% 2.25 31 G

32 32 TheThaiSilkCo.,Ltd. . 2,202 295 4,227 446 3,781 11.8% 13.4% 7.8% 52.1% 7.0% 13.2% 637.5% 147.50 32 T

33 51 BodyFashion(Thailand)Ltd. .() 2,132 -331 1,168 1,756 -589 -298.1% -15.5% -56.2% 182.5% -28.3% 43.6% -2858.3% (0.64) 33 G

34 20 NKApparelCo.,Ltd. . 2,088 75 1,338 796 542 146.9% 3.6% 13.8% 156.1% 5.6% -20.9% -38.5% 187.50 34 G

35 49 LMECo.,Ltd. . 2,087 45 1,718 1,344 374 359.4% 2.2% 12.0% 121.5% 2.6% 36.9% 80.0% 22.50 35 G

36 34 BangkokWeavingMillsLtd. . 2,036 400 2,007 3,474 -1,468 -236.6% 19.6% 27.2% 101.4% 19.9% 9.5% -28.6% 4,444.44 36 T

37 43 HongSengKnittingCo.,Ltd. . 2,036 26 798 574 224 256.3% 1.3% 11.6% 255.1% 3.3% 23.2% 2.0% 130.00 37 G

38 26 ThaiAllianceTextileCo.,Ltd. . 2,035 -84 2,099 845 1,254 67.4% -4.1% -6.7% 97.0% -4.0% -4.3% -132.3% (9.33) 38 T

39 39 TextilePrestigePlc . 2,022 81 2,213 330 1,883 17.5% 4.0% 4.3% 91.4% 3.7% 11.5% 5.1% 0.75 39 G

40 40 T.U.W.TextileCo.,Ltd. .... 2,010 55 1,162 272 890 30.6% 2.7% 6.2% 173.0% 4.7% 12.2% 34.1% 16.67 40 T

41 45 ThaiRungTextileCo.,Ltd. . 1,948 -24 1,622 770 852 90.4% -1.2% -2.8% 120.1% -1.5% 20.2% -126.4% (4.00) 41 T

42 54 Club21(Thailand)Ltd. .21() 1,879 173 945 334 611 54.7% 9.2% 28.3% 198.8% 18.3% 27.3% 16.1% 3,460.00 42 G

43 31 Interfaceflor(Thailand)Co.,Ltd. .() 1,839 107 1,273 400 873 45.8% 5.8% 12.3% 144.5% 8.4% -6.5% -13.0% 1.72 43 O

44 27 WorldFlexPlc. . 1,828 29 902 400 502 79.7% 1.6% 5.8% 202.7% 3.2% -14.1% -78.5% 0.38 44 T

45 46 NiceApparelCo.,Ltd. . 1,828 15 937 618 319 193.7% 0.8% 4.7% 195.1% 1.6% 14.2% 151.7% 37.50 45 G

46 25 K.Cotton&GauzeCo.,Ltd. . 1,818 -163 2,136 1,179 957 123.2% -9.0% -17.0% 85.1% -7.6% -14.9% -181.5% (1.60) 46 T

47 28 CarpetInternational(Thailand)Plc .() 1,800 -382 1,419 478 942 50.7% -21.2% -40.6% 126.8% -26.9% -13.5% -426.5% (38.20) 47 O

48 48 SRFIndutstryCo.,Ltd. .() 1,775 26 1,808 1,040 768 135.4% 1.5% 3.4% 98.2% 1.4% 14.7% -21.2% 26.00 48 O

49 59 ErawanTextileCo.,Ltd. . 1,759 11 2,045 1,602 444 360.8% 0.6% 2.5% 86.0% 0.5% 25.2% 136.7% 6.19 49 T

50 n/a ToyoboIndustrialMaterial(Thailand)Co.,Ltd. .() 1,733 -38 1,156 1,084 72 1505.6% -2.2% -52.8% 149.9% -3.3% -1.6% -272.7% (380.00) 50 T

TOTAL 164,711 4,202 150,152 80,074 70,072 10610.9% 113.4% 181.0% 6806.6% 100.6% 587.6% -6758.3% 17,209









31 35 ThanuluxPlc . 2,309 270 3,326 394 2,933 13.4% 11.7% 9.2% 69.4% 8.1% 25.6% 44.6% 2.25 31 G




35 49 LMECo.,Ltd. . 2,087 45 1,718 1,344 374 359.4% 2.2% 12.0% 121.5% 2.6% 36.9% 80.0% 22.50 35 G









44 27 WorldFlexPlc. . 1,828 29 902 400 502 79.7% 1.6% 5.8% 202.7% 3.2% -14.1% -78.5% 0.38 44 T







TOTAL 164,711 4,202 150,152 80,074 70,072 10610.9% 113.4% 181.0% 6806.6% 100.6% 587.6% -6758.3% 17,209



I Fiber Sector 1 1 IndoramaPolyesterIndustriesPlc . 19,446 522 11,721 7,969 3,752 212.4% 2.7% 13.9% 165.9% 4.5% 24.8% -72.7% 0.37 1 F


Sub-Total 22,084 561 13,115 8,116 4,999 224.2% 4.2% 17.0% 355.1% 7.3% 31.0% -134.8% 1.06 II Textile Sector 2 2 JongStitCo.,Ltd. . 7,456 18 3,664 1,553 2,111 73.6% 0.2% 0.9% 203.5% 0.5% 2.0% -56.1% 1.57 2 T

























2011 2010 Company Name 2,011 2,011 2,011 2,011 2,011 2011 2011 2011 2011 2011 2011 2011 2011 2011

Liabilities Equity Liabilities/ Net Margin ROE Revenues/ ROA Revenues Earnings EPS (bt) Ranking Sector Equity Asset Growth Growth T&G Ranking Revenues Earnings Assets


I Fiber Sector 1 1 IndoramaPolyesterIndustriesPlc . 19,446 522 11,721 7,969 3,752 212.4% 2.7% 13.9% 165.9% 4.5% 24.8% -72.7% 0.37 1 F


Sub-Total 22,084 561 13,115 8,116 4,999 224.2% 4.2% 17.0% 355.1% 7.3% 31.0% -134.8% 1.06 II Textile Sector 2 2 JongStitCo.,Ltd. . 7,456 18 3,664 1,553 2,111 73.6% 0.2% 0.9% 203.5% 0.5% 2.0% -56.1% 1.57 2 T
























2011 2010 Company Name 2,011 2,011 2,011 2,011 2,011 2011 2011 2011 2011 2011 2011 2011 2011 2011




44 27 WorldFlexPlc. . 1,828 29 902 400 502 79.7% 1.6% 5.8% 202.7% 3.2% -14.1% -78.5% 0.38 44 T




Sub-Total 86,411 2,380 94,567 49,511 45,047 5459.6% 77.0% 12.5% 3317.3% 60.5% 282.5% -3060.3% 5,682 III Garment Sector 4 3 CentralTradingCo.,Ltd. . 6,595 132 4,726 4,526 200 2263.0% 2.0% 66.0% 139.5% 2.8% 23.6% -20.5% 1.65 4 G


8 9 ThaiWacoalPlc . 4,366 416 5,691 987 4,705 21.0% 9.5% 8.8% 76.7% 7.3% 21.5% 3.7% 3.47 8 G

11 17 JaspalCo.,Ltd. . 3,871 438 2,589 1,678 911 184.2% 11.3% 48.1% 149.5% 16.9% 27.3% 58.1% 7,300.00 11 G





31 35 ThanuluxPlc . 2,309 270 3,326 394 2,933 13.4% 11.7% 9.2% 69.4% 8.1% 25.6% 44.6% 2.25 31 G



35 49 LMECo.,Ltd. . 2,087 45 1,718 1,344 374 359.4% 2.2% 12.0% 121.5% 2.6% 36.9% 80.0% 22.50 35 G





Sub-Total 47,382 9379 34541 18452 16091 4541.5% 217.0% 2103.0% 2664.9% 46.3% 244.6% 58462.7% 14,733.82 IV Other 14 21 DSGInternationalCo.,Ltd. .() 3,420 127 3,429 2,077 1,352 153.6% 3.7% 9.4% 99.7% 3.7% 34.8% -57.4% 0.42 14 O




Sub-Total 8,834 -122 7,929 3,995 3,935 385.6% -10.2% -15.5% 469.2% -13.4% 29.5% -518.1% (10.06) Grand-Total 164,711 4,202 150,152 80,074 70,072 10610.9% 288.0% 113.4% 6806.6% 100.6% 587.6% -6758.3% 17,209


2011 2010 Company Name 2,011 2,011 2,011 2,011 2,011 2011 2011 2011 2011 2011 2011 2011 2011 2011



44 27 WorldFlexPlc. . 1,828 29 902 400 502 79.7% 1.6% 5.8% 202.7% 3.2% -14.1% -78.5% 0.38 44 T




Sub-Total 86,411 2,380 94,567 49,511 45,047 5459.6% 77.0% 12.5% 3317.3% 60.5% 282.5% -3060.3% 5,682 III Garment Sector 4 3 CentralTradingCo.,Ltd. . 6,595 132 4,726 4,526 200 2263.0% 2.0% 66.0% 139.5% 2.8% 23.6% -20.5% 1.65 4 G


8 9 ThaiWacoalPlc . 4,366 416 5,691 987 4,705 21.0% 9.5% 8.8% 76.7% 7.3% 21.5% 3.7% 3.47 8 G

11 17 JaspalCo.,Ltd. . 3,871 438 2,589 1,678 911 184.2% 11.3% 48.1% 149.5% 16.9% 27.3% 58.1% 7,300.00 11 G





31 35 ThanuluxPlc . 2,309 270 3,326 394 2,933 13.4% 11.7% 9.2% 69.4% 8.1% 25.6% 44.6% 2.25 31 G



35 49 LMECo.,Ltd. . 2,087 45 1,718 1,344 374 359.4% 2.2% 12.0% 121.5% 2.6% 36.9% 80.0% 22.50 35 G





Sub-Total 47,382 9379 34541 18452 16091 4541.5% 217.0% 2103.0% 2664.9% 46.3% 244.6% 58462.7% 14,733.82 IV Other 14 21 DSGInternationalCo.,Ltd. .() 3,420 127 3,429 2,077 1,352 153.6% 3.7% 9.4% 99.7% 3.7% 34.8% -57.4% 0.42 14 O




Sub-Total 8,834 -122 7,929 3,995 3,935 385.6% -10.2% -15.5% 469.2% -13.4% 29.5% -518.1% (10.06) Grand-Total 164,711 4,202 150,152 80,074 70,072 10610.9% 288.0% 113.4% 6806.6% 100.6% 587.6% -6758.3% 17,209

2011 2010 Company Name 2,011 2,011 2,011 2,011 2,011 2011 2011 2011 2011 2011 2011 2011 2011 2011



1 1 IndoramaPolyesterIndustriesPlc 19,446

2 2 JongStitCo.,Ltd. 7,456

3 6 Luckytex(Thailand)Plc 7,281

4 3 CentralTradingCo.,Ltd. 6,595

5 5 LuckySpinningCo.,Ltd. 5,264

6 4 Y.R.C.TextileCo.,Ltd. 5,167

7 7 Hi-TechApparelCo.,Ltd. 4,580

8 9 ThaiWacoalPlc 4,366

9 13 NaturalRubberThread 4,154

10 11 KangwalTextileCo.,Ltd. 3,999

1 Top Ten By Revenues

T&G RankingCompany Name Revenues

2011 2010

19 37 IndoramaHoldingLimited 55.0%

3 6 Luckytex(Thailand)Plc 53.8%

33 51 BodyFashion(Thailand)Ltd. 43.6%

20 30 FarEastKnittingandSpinningCo.,Ltd. 41.2%

22 n/a ThaiTaffetaCo.,Ltd. 38.3%

28 41 LimLineApparelCo.,Ltd. 37.6%

35 49 LMECo.,Ltd. 36.9%

14 21 DSGInternationalCo.,Ltd. 34.8%

26 38 ThaiKuraboCo.,Ltd. 33.7%

42 54 Club21(Thailand)Ltd. 27.3%

5 Top Ten By Revenues Growth

T&G RankingCompany Name

Revenues Growth2011 2010

17 n/a Saha-UnionPublicCo.,Ltd. 760

1 1 IndoramaPolyesterIndustriesPlc 522

23 n/a STBTextilesIndustryCo.,Ltd. 444

11 17 JaspalCo.,Ltd. 438

8 9 ThaiWacoalPlc 416

3 6 Luckytex(Thailand)Plc 400

36 34 BangkokWeavingMillsLtd. 400

19 37 IndoramaHoldingLimited 395

32 32 TheThaiSilkCo.,Ltd. 295

31 35 ThanuluxPlc 270

2 Top Ten By Profit

T&G RankingCompany Name Profit

2011 2010

7 7 Hi-TechApparelCo.,Ltd. 61469.2%

15 14 ThaiTextileIndustryPlc 830.8%

32 32 TheThaiSilkCo.,Ltd. 637.5%

45 46 NiceApparelCo.,Ltd. 151.7%

49 59 ErawanTextileCo.,Ltd. 136.7%


35 49 LMECo.,Ltd. 80.0%

3 6 Luckytex(Thailand)Plc 69.5%

22 n/a ThaiTaffetaCo.,Ltd. 59.4%

11 17 JaspalCo.,Ltd. 58.1%

6 Top Ten By Earnings Growth

T&G RankingCompany Name Earnings Growth2011 2010

17 n/a Saha-UnionPublicCo.,Ltd. 12,183

1 1 IndoramaPolyesterIndustriesPlc 11,721

20 30 FarEastKnittingandSpinningCo.,Ltd. 7,735

5 5 LuckySpinningCo.,Ltd. 7,456

3 6 Luckytex(Thailand)Plc 6,613

8 9 ThaiWacoalPlc 5,691

13 10 ChiemPatanaTextilesCo.,Ltd. 5,267

6 4 Y.R.C.TextileCo.,Ltd. 4,818

4 3 CentralTradingCo.,Ltd. 4,726

19 37 IndoramaHoldingLimited 4,609

3 Top Ten By Asset

T&G RankingCompany Name Asset

2011 2010

4 3 CentralTradingCo.,Ltd. 2263.0%

50 n/a ToyoboIndustrialMaterial(Thailand)Co.,Ltd. 1505.6%


28 41 LimLineApparelCo.,Ltd. 616.3%


5 5 LuckySpinningCo.,Ltd. 368.6%

49 59 ErawanTextileCo.,Ltd. 360.8%

35 49 LMECo.,Ltd. 359.4%

30 24 ThongThaiTextileCo.,Ltd. 336.1%

21 12 NanYangFabricCo.,Ltd. 281.3%

7 Top Ten By Liabilities to Equity Ratio

T&G RankingCompany Name Debt/Equity

2011 2010


4 3 CentralTradingCo.,Ltd. 66.0%


42 54 Club21(Thailand)Ltd. 28.3%

9 13 NaturalRubberThread 27.9%

36 34 BangkokWeavingMillsLtd. 27.2%

23 n/a STBTextilesIndustryCo.,Ltd. 23.9%


30 24 ThongThaiTextileCo.,Ltd. 18.1%

1 1 IndoramaPolyesterIndustriesPlc 13.9%

4 Top Ten By Return on Equity

T&G RankingCompany Name ROE

2011 2010


17 n/a Saha-UnionPublicCo.,Ltd. 26.1%

36 34 BangkokWeavingMillsLtd. 19.6%

23 n/a STBTextilesIndustryCo.,Ltd. 16.6%


32 32 TheThaiSilkCo.,Ltd. 13.4%

31 35 ThanuluxPlc 11.7%


8 9 ThaiWacoalPlc 9.5%

18 18 SahaSeirenCo.,Ltd. 9.3%

8 Top Ten By Net Profit Margin

T&G RankingCompany Name Net Profit Margin2011 2010

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