Dear Khun Dear
Pleases forward e-mail to Khun Eiji
By mean of introduction my name is Janejira a senior in-charge of audit for Shinko Stainless (Thailand) Co., Ltd. for the year end 31 August 16.
1. As Shinko Stainless (Thailand) Co., Ltd. has a capital deficiency of Baht 2.66 Million and its current liabilities exceed its current assets by Baht 12.54 Million. These matters indicate the existence of a material uncertainty that may cast significant doubt about the Company’s ability to continue as a going concern. Therefore, we shall request to have letter of comfort from Shinko Co., Ltd, major shareholder and major creditors. I submit herewith draft of the letter of comfort for your information, kindly print on Shinko Co., Ltd letterhead, signed by authorized person.
2. I submit herewith draft of the financial statements of Shinko Stainless (Thailand) Co., Ltd. for the year end 31 August 16 for your consideration. Please kindly check the drafts. If you are in agreement, please have them signed by the authorized director
3. Management representation letters, please print out with the Company’s letterhead, sealed with the Company’s affix and have it signed by authorized director.
4. After that send back to us .