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Department of Foreign Trade (DFT) Zone Chonburi
3 334 /1 10 Moo Sukhumvit Rd
T.Bangpra A Sriracha
Subject Chonburi 20110: - Declaration for negative profit.
We, MSSL WH System (Thailand) Co., Ltd. (a subsidiary of Motherson Sumi Systems Ltd, part of the Samvardhana Motherson Group) have setting up a new facility at WIRE HARNESS Rayong, Thailand.Set up this Thailand We plant in 2012 and on 12 th Apr supplying Wire harness to our customer as below:
1. SMR Automotive System (Thailand) Ltd.Local in Thailand.
2. TMBP LIMITED.Local in Thailand.
3. Thai Swedish Assembly Co.Ltd.Local in Thailand.
4. Piaggio Vietnam Co.Ltd.Export to Vietnam.
As this setup is new,initial volume from our customer is so small incoming freight is very high. We from our customers are getting the opportunity to increase the business but we need to support our customer for smaller volume WIRE HARNESS also.some For wire harness we are having a negative profit due to the above reason but in the coming month when the volume of business will increase we can control the incoming fright and we will convert the negative profit in positive.
Thanks for the understanding and support to the issue for the RVC part below.
Authorized Signatory Francesco Calleri.
General Manager
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