Page 21 - Charn Issara Development Public Company Limited | Annual Report 2014

Annual Report 2014 19
Charn Issara Development Public Company Limited

company has been hired by International Resource Development condominium and housing estate which the Company and its
Co., Ltd. to manage its financial and accounting affairs as well as subsidiary develop such as Baan Issara Rama 9, Issara@42 Sukumvit
its development projects. and the Issara Ladprao for instance.

For the management of condominium juristic person or housing The company has investments in the following subsidiaries
juristic person, the company and its subsidiaries manage associated companies and Property funds as follow :-

Company Names Total paid Total shares Par value Shareholding
registered (Baht) Percentage %
Charn Issara Residence Co., Ltd. Capital (million) 1,120,600
C.I.N. Estate Co., Ltd. 1,500,000 100 80.043
Charn Issara Vipaphol Co., Ltd. 140.00 100 60.000
Issara United Co., Ltd. 250.00 29,996 100 49.993
Sri panwa Management Co.,Ltd. 399,996 100 50.000
International Resources Development Co., Ltd. 6.00 300,000 100 80.043
Hida Grill Co., Ltd. 80.00 3,034,534 100 15.989
Bangkok Commercial Property Fund 30.0 47,060 100 36.20
Sri panwa Hotel Property Fund 1,897.95 33,300,000 10 33.300
13.00 60,054,900 10 30.000
1,000.00
2,001.83

There are a total of 7 subsidiary companies and 2. C.I.N. Estate Co., Ltd. is engage in property development
related companies as follows:- for sale. The company is developing The Issara Ladprao which is
a large scale condominium on 5 rais site between ladproao Soi 12
1. Charn Issara Residence Co., Ltd. develops property for and Soi 14, The Baht 2,500 million project comprises of a 47-storey
sale. It is currently developing a 1,600 million baht on 60 rai and of 561 units which locate only 300 meters away from Ladprao
villa project known as “Sri panwa” Phase 3 and 4 a 1,500 and 1,400 MRTA. Currently the project is under transfer to customers and it is
million baht on approximately 15 rais of land at Cape Panwa in expected that sale of remaining units can be closed by 2014. Early
Phuket. The construction of 3 phases has been completed. There in the year 2013 there was a launch of ISSI Condo Suksawat, the
are remaining 7 units of residence villas under development of latest brand of Charn Issara Group on Suksawat road nearby the
which 2 have been completed and one of those had been sold. Of planned BTS station, purple line. The 24-storey building on 4 rai site
those 7 units 5 have not been built yet. In 2012 the Company has offer units ranging from 21 square meters to 55 square meters under
sold the hotel part which consists of 21 rai 55 square wah of land the price range of around Baht 1 million. The project is packed with
and buildings including pool villa, family suite, 38 units of luxury common facilities such as a large lobby, a luxury swimming pool,
villa, and 7 units of service apartment together with all related hotel and sky garden with fresh breeze op the rooftop of the building. A
facilities to Sri panwa Property Fund while the Company hold 30% superior security system features key card with an absolute control
of the units issued by the Fund and lease back Sri Panwa hotel for of entry and exit to and from the building. The project was launched
15 years of operation under the agreed fix rental. The Company has in early 2013 with good feedback. Currently sales exceed 70% and
developed a new hotel phase which will be an additional 30 rooms the construction which is undertaken by Italian Thai Development
of pool suite room type to meet the increasing demand of tourists PLC is expected to be completed by the end of 2015.
travelling to Phuket. Construction is expected to be completed and
operational by the year 2015. 3. Charn Issara Vipaphol Co., Ltd. is engage in property
development for sale. There are three current developments namely,
the townhome, Issara Village. A new concept townhome allowing
you to live close to the nature, surrounded by a beautiful garden
and swimming pool. The limited 35 units is privately tranquil with
highlight on its functional design in natural surroundings. For pet