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Tony Zola, Chief Technical Officer - Mae Fah Luang Foundation - Thailand...

Tony Zola, Chief Technical Officer - Mae Fah Luang Foundation - Thailand
China Mezzanine Fund, TBC

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  • 1. ACB Assets Capitalization Bureau (Public Organization)
  • 2. Framework for Assets Capitalization
      • The Wealth of the Nation
      • Create employment / Create producers /
      • Create Income
      •   
    The People
  • 3.
    • Established 3 June 2003
    • Vision
    • “ Promote the development of appropriate, comprehensive, and efficient asset capitalization systems .”
    • • Concept:
    • Promote development projects that enable producers to enhance the value of their assets.
  • 4. Board
    • Executive Committee
    Office of the Committee for Assets Capitalization Administration Assets Capitalization Bureau Mr. Natee Klibtong Director General & CEO Minister in Charge Training &Public Relations Unit Information & Data Unit Administration Unit Policy &Legal Unit Planning Unit Secretariat Deputy Director - General Internal Auditing Unit Deputy Director - General
  • 5. ■ Responsibilities
    • Create opportunities to access institutional sources of capital
    Establish a system of ownership and validation Negotiate agreements with financial institutions Develop assets valuation procedures and Value Creation Develop an assets capitalization process
  • 6. Categories of Assets for Capitalization
    • 1. Land and land based property
    2. Rental & Leasing contracts Types of Assets 5. Machinery 4. Intellectual Property 3. Documents authorizing use of public facilities and other permits
  • 7. Categories of Assets
    • 1. Land & Land – based assets
      • Agricultural Land Reform: Land document no. 4-01
      • Department of Cooperatives Promotion Land document no. 3
      • Department of Social Development and Welfare: Land settlement document no. 1
      • Department of Land: Document numbers NS-2, SK-1, and restricted land title deeds
      • Department of Agriculture: Document no. KYT-1
  • 8. Categories of Assets
    • 2. Rental Contracts
    • • Rental Contracts for Treasury Department Lands
    • Rental contracts for National Housing Authority buildings
    • Rental contracts for Bangkok Metropolitan Administration market space
  • 9. Categories of Assets
    • 3. Documents authorizing use of public facilities and other permits
     Permit from the National Parks Department to produce in a national park  Permit/Authorization to conduct aquaculture in public waters (Seafood Bank Project)  Permit to use public land granted by the Department of Local Administration  Contract authorizing the use of public lands in self-help land settlements of the Department of Social Development and Welfare
  • 10. Categories of Assets
    • 4. Intellectual Property
    Patent/Trademark (Department of Intellectual Property)
  • 11. Categories of Assets
    • 5. Machinery
    Machinery registration documents (Department of Industrial Works)
  • 12. Process of Accessing Capital Using 5 Categories of Assets Conditions for Accessing Funds from Financial Institutions
    • Validation agency issues a certificate to credit applicant
    Memorandum of Understanding between the ACB, Agency with Authority over the Assets, and Financial Institutions Agency with authority over the assets issues a permit for use of assets or other document authorizing use and has the permit registered
    • Client applies for credit from a financial institution
    • Criteria for considering credit applications
    • Qualifications/
    • credit record
    • Project/Income generating activity
    • Assets used as collateral
    Bank approval of credit & credit agreement between the client & bank Bank informs concerned agencies to record the transaction Normal repayment Case of non-repayment Bank informs the concerned agencies Negotiations and out-of-court settlement          
  • 13. Results January 2004 – September 2005
    • Accelerated the issuing of land documents 2,214,548 issued
    • Credit Applicants 205,471 applied
    • Applications approved 198,166 approvals
    • Credit approved 15,319.28 million baht
    • Value of land assets used as collateral 1,298.67 million baht
  • 14. Obstacles to Implementation & Guidelines for their Resolution
    • Problem of asset ownership
    • Lack of understanding methods of accessing capital
      • Must have an intensive public relations campaign
      • Establish a database system to ensure accurate information
      • Establish a network of development partners in every region
  • 15. Obstacles to Implementation & Guidelines for their Resolution
    • Problem of asset ownership
    • Lacking the capacity to invest for occupational development.
      • Training: Incubate to enhance administrative and management capability
      • Identify development partners to upgrade technical capacity
      • Monitor to provide advice and recommendations
  • 16. Obstacles to Implementation & Guidelines for their Resolution
    • Institutional constraints among financial institutions
    • Lack of understanding by operations personnel of the purpose and appropriate guidelines for implementation of assets capitalization
      • Improved coordination and generally inform about recommendations
      • Establish channels of communication for receiving regularly updated information
      • Establish a support network
  • 17. Obstacles to Implementation & Guidelines for their Resolution
    • 3. Obstacles to developing the assets capitalization system
    • Movable assets have a lower value and are not generally accepted by financial institutions
      • Formulate supplementary measures for accessing financial resources
      • Value Creation
  • 18. Obstacles to Implementation & Guidelines for their Resolution
    • Obstacles to developing the assets capitalization system
    • Obstacles to valuing intellectual property
      • Establish a special working group to consider determining the value of intellectual property
      • Methods of resolving non – performing loans through out-of-court settlements remain unclear
      • Additional research is needed on a clearing house systems
  • 19. Guidelines for the Future
    • Expand the categories of assets
    • Increase the value of assets
    • Expand the network
    • Develop mobile units
    • Monitor and develop people in project areas
    • Increase the number financial institutions
    • Expand knowledge
    • Focus on target groups / pilot projects
  • 20. Existing Assets for Expansion
    • Land
    •  PS 23/STK/Land Use Permit
    • • Intellectual Property
    •  Geographic Indicator / Local Wisdom / Social and Cultural Heritage
    • • Rental/lease rights
    •  Crown Property Lands
    • • Permits
    •  Public Lands of the Land Department
    • • Machinery
    •  Agricultural equipment
  • 21. Potential New Assets
      • Fishing boats ,tour boats, tourist rafts, house rafts
      • Guide Permits
      • Certificate of Traditional Thai Medicine
      • Vehicle / boat registration
      • Product quality standards
      • Quota
      • Educational degrees
      • Occupational / Professional degrees
      • Employment Contracts / Procurement & Sales Contracts
  • 22. Networking
    • State agencies and concerned financial institutions
    • Sub-district administrative organizations
    • Non-formal Education Centers
    • Vocational education institutes
    • Universities
    • Sub-district community development officers
    • Sufficiency Economy Learning Centers
    • Youth groups
    • Community-based / civil society organizations
    • Technical specialists
    • Project beneficiary groups
  • 23. Public Agencies Supporting ACB
    • Ministry of Agriculture and Cooperatives
      • Agricultural Land Reform Office
      • Department of Agricultural Extension
      • Rubber Estate Organization
      • Department of Agriculture
      • Office of the Rubber Replanting Aid Fund
    • Ministry of Industry
      • Office of the Permanent Secretary
      • Department of Industrial Works
    • Ministry of Social Development and Human Security
      • Department of Social Development and Welfare
      • National Housing Authority
    • Ministry of Interior
      • Land Department
      • Community Development Department
      • Department of Local Administration
      • Bangkok Metropolitan administration
  • 24. Public Agencies Supporting ACB
    • Ministry of Natural Resources and Environment
      • Royal Forest Department
      • National Park Wildlife and Plant Conservation Department
    • Ministry of Justice
      • Department of Corrections
    • Ministry of Information and Communication Technology
      • Office of Information and Communication Technology
    • Ministry of Finance
      • Treasury Department
  • 25. Public Agencies Supporting ACB
    • Ministry of Commerce
      • Department of Intellectual Property
    • Ministry of Transport
      • Marine Department
    • Ministry of Education
    • Rajabhat University/Chang Mai University/Maejo University/Sukhothai Thammathirat Open University/Mae Fah Luang University/Rajabhat Chang Mai University/Vocational Education Institutes/Non-formal Education Centers
  • 26. Public Agencies Supporting ACB
    • Thai Fishing Boat Association
    • Marine Police
  • 27. Participating Financial Institutions
    • Bank for Agriculture and Agricultural Cooperatives
    • Government Savings Bank
    • SME Bank
    • Thai Housing Bank
    • Krung Thai Bank
    • Islamic Bank of Thailand
    • Krung Thai Islamic Bank
    • Bangkok Bank
    • Thai Military Bank
    • Bank of Ayudhya
    • Thai Bank
    • Nakhon Luang Bank
    • Thanachat Bank
    • Siam Commercial Bank
  • 28. Important Projects /Activities
    • Monitoring of ACB beneficiaries
    • Asset capitalization for the “Incubated Enterprises Project”
    • Assistance to the poor and underprivileged
    • Asset capitalization of intellectual property
    • Promotion of organic agriculture as an asset
    • Asset capitalization of energy conservation projects
    • Asset capitalization for Sufficiency Economy
    • Asset capitalization for vocational education
  • 29. Important Projects /Activities
    • Asset capitalization based on Islamic characteristics
    • Asset capitalization in artistic circles
    • Asset capitalization for provincial festivals
    • Asset capitalization in the Bangkok Metropolitan Area
    • Asset capitalization for special projects
    • Conducting public seminars
    • Conducting international meetings
    • Central database for asset capitalization
  • 30. Afterthoughts
    • ACB is not a pawn shop
    • Aim for a knowledge based society
    • Lead the country in the Thai way
    • Aim for a moral society
  • 31. The End Thank you
  • 32. Professor Natee Klibthong Director-General & Chief Executive Officer
    • Assets Capitalization Bureau
    • Office of the Prime Minister
    • Building 41, Government House
    • Phitsanulok Road, Dusit
    • Bangkok 10300, Thailand
    • Tel. (+66) (0) 2629-9222
    • Email: [email_address]
    • [email_address]