THE PREPARATION FOR YEAR 2000 COMPLIANCE - REPORT NO. 4
11 May 1999
Translation
The Preparation for Year 2000 Compliance - Report No. 4
Siam Makro Public Company Limited
Siam Makro Public Company Limited, the operator of cash and carry
business selling food and non-food products and having its Head
Office located at 3498 2nd Floor, Lardprao Road, Klongchan, Bangkapi,
Bangkok 10240, Tel. 375-7000 Fax 375-2789, would like to report the
actions taken and current status on the preparation for year 2000
compliance as at 31 March 1999.
The Preparation for Year 2000 Compliance
1. Actions Taken
To prepare for the year 2000 compliance, the company and its
subsidiaries have commenced the implementation plan to replace
and upgrade all major computer systems as following:-
Company Computer System Current Status
Siam Makro Public Co., Ltd. 1. Financial & Accounting System Completed the system upgrading
and year 2000 compliance testing.
2. MBS Application System In the process of upgrading
system for store operations (step3).
Expecting to complete the
integration test in Q2'99.
3. Other Systems Completed the replacement of
Hardware & Software Systems.
In the process of examining and
testing for Y2K compliance.
Will be finished in Q2'99.
Makro Office Centre Co.,Ltd. 1. Financial & Accounting System Completed the system upgrading
and year 2000 compliance testing.
2. MBS Application System In the process of upgrading the
system to be more applicable for
the business operation by using
the same system as Saim Makro Pcl.
Expecting to complete in Q3'99
3. Other Systems Completed the replacement of
Hardware & Software Systems.
In the process of examining and
testing for Y2K compliance.
Will be finished in Q2'99.
Makro Auto Care Co., Ltd. 1. Financial & Accounting System Completed the system upgrading
and year 2000 compliance testing.
2. Application System In the process of developing the
new system to be more applicable
for the business operation.
Expecting to complete in Q4'99.
3. Other Systems In the process of replacement of
Hardware & Software Systems.
Expecting to complete and ready
for year 2000 compliance test in
Q3'99.
The overall plan for system development and the preparation for year
2000 compliance are on schedule.
The total development cost of the new computer system as at 31 March 1999
was 40.8 million baht which has been capitalised to fixed assets. According
to the company and its subsidiaries' investment plans, the computer system
development has been implemented to significantly increase efficiency and
capability to the business operations.
2. Management Comments
The preparation for the year 2000 compliance including the system developments
are going well as planned. The application systems of the subsidiaries will
be upgraded or changed as already mentioned. However, up to present the
company and its subsidiaries' operations do not find any problems that may
cause any business disruption.
The Management believe that the preparation for the year 2000 compliance
will be completed and ready before the year 2000.
Acknowledgement
We have reviewed this document and agree that all details and information
disclosed here are correct, complete, truthful and does not contain any
misleading information which may cause any damage or loss to the shareholders.
To authenticate that this is the document we have reviewed, we have
authorised Mrs. Suchada Ithijarukul to sign on every pages of the document.
Name Position Signature
Mr. Dhanin Chearavanont Chairman ................................
Mr. Arnold Maria Leo Tobac Vice Chairman ................................
Mr. Jacob Cornelio Adriano de Jonge Director ................................
Mr. Prasert Jarupanich Director ................................
Mrs. Suchada Ithijarukul Director ................................
Attorney-in-fact
Mrs. Suchada Ithijarukul Director ................................