Brochure 1

Company Profile
Fast Track Global Co. Ltd
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This document is the proprietary property of Fast Track Global Co. Ltd.
Company Profile
Fast Track Global Co. Ltd
COMPANY PROFILE
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This document is the proprietary property of Fast Track Global Co. Ltd.
Company Profile
Fast Track Global Co. Ltd
1.
Executive Summary
FAST TRACK GLOBAL is the doorway of opportunities and the window of
ecommerce solution that serves as a hub to the expats community in
Thailand. It is a collaboration of companies operating in Thailand that directly
involves services for all expats in Thailand. It has started out as a single
proprietorship company in 2009 wanting to make a difference in the logistics
industry. Eventually, in less than a year, FTG was already at the forefront of
bigger, more challenging undertakings. It was lead of the indefatigable
exhibition team, handling 24/7 the ingress and egress of the various trade
shows the company contracted. In due time, FTG became actively involved
in agent coordination, establishing a modest network of domestic and
international correspondents to ensure a smooth door-to-door cargo
handling system, whether for export or import shipments.
The Company believes that it has been the top exporter of Balikbayan Boxes
and the ingress and egress of Thailand products to anywhere in the world for
the past 5 calendar years.
The Company’s two main operating segments comprise (a) Balikbayan Box;
and (b) Export and Import Logistic Services.
Balikbayan Box is the Company’s primary revenue driver, accounting for
approximately 61%, 65% and 79%, respectively, of the Company’s service
revenue for the years ended November 30, 2012, 2013 and 2014. The
Company’s Logistics products are geared toward both Balikbayan Boxes and
corporate clients, who accounted for approximately 85% and 15%,
respectively, of the Company’s total service revenue from the Logistics
segment in the year ended November 30, 2014.
SCOPE of SERVICES

Balikbayan Box and Courier Services

International Sea and Air Freight Forwarding

Domestic Sea and Air Freight Forwarding

Cargo Consolidation

Break Bulking

Project Cargo Handling

Warehousing and Distribution

Road Transport / Trucking

Door-to-Door Delivery

Documentation
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This document is the proprietary property of Fast Track Global Co. Ltd.
Company Profile
Fast Track Global Co. Ltd
Fast Track Global has over 5 years of experience in the Balikbayan Box
industry. FTG strives to give a premier Door to Door Balikbayan Box service
committed to excellence and customer satisfaction. Its main aim is to provide
a friendly and reliable service giving our customer a peace of mind, knowing
their cargo box is in safe hands. Trusted and proven - Since establishing in
Thailand in January 2009, we have now shipped more than 200,000
Balikbayan boxes.
A balikbayan box (literally "repatriate box") is a corrugated box containing items sent
by overseas Filipinos (known as Balikbayans). Though often shipped by freight
forwarder specializing in balikbayan boxes by sea, such boxes can be brought by
Filipinos returning to the Philippines.
New Venture Challenges
The company’s short-term goal is to stabilize the partnership contract
agreement with LBC Express (Luzon Brokerage Corporation). Fast Track Global
believes that the strength of “LBC” brand is one of its key competitive
advantages. The “LBC” brand has gained significant recognition in the
Philippines and among OFWs throughout the Company’s over 60-year
operating history. LBC provides time-sensitive courier and cargo delivery
services and the pioneer in 24-hour door-to-door delivery services in the
Philippines, the Company has a long-established reputation for being a
trustworthy and dependable provider of on-time deliveries of important
goods and documents. Today, the Company believes that the “LBC” brand
has become synonymous with top quality service. When the Company
expanded into the remittance business in the early 1980s, the brand equity
and goodwill of the trusted “LBC” brand contributed to the success of this
new business. In addition to its extensive geographic reach and marketing
efforts, the Company’s dedication to efficiency, reliability and general service
excellence has earned it considerable goodwill and trust from its customers.
The “LBC” brand was one of Reader’s Digest Trusted Brand Winners –
Philippine Airfreight/Courier Service Category in 2012 and one of Social
bakers’ top Socially Devoted brands in 2012 and 2013. According to the
LISBON Survey, a survey conducted by Market Research Solutions, Inc., an
independent marketing and research firm, the Company was considered
one of the Best-of-Class Companies
LBC was founded in the 1950's as a brokerage and air cargo event. The
company initially operated as an air cargo forwarding service provider and
was the first to introduce 24-hour air cargo delivery service. LBC soon became
a respected leader offering fast and reliable Express Courier and Money
Remittance service throughout the Philippines. Today, LBC offers the widest
coverage and network with over 700 strategically located branches
nationwide. LBC's continuous growth in the domestic market instigated setting
foot overseas. The first LBC branch outside the country was established in San
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Company Profile
Fast Track Global Co. Ltd
Francisco, California in 1985. Presently, LBC has over 60 branches in the United
States and Canada.
LBC is a leading provider of courier and freight forwarding services, as well as
a leading non-bank provider of domestic remittance services and inbound
international remittance services in the Philippines. Throughout the
Company’s over 60-year operating history, the “LBC” brand and logo have
come to be recognized by Filipinos living domestically and overseas to
represent the Company’s track record for reliable, timely and far-reaching
services. Leveraging its brand equity, experience and wide distribution
network, the Company had the largest market share in the domestic air
freight forwarding business in the Philippines and around the world.
Competitive Strength
Fast Track Global considers the following to be its principal competitive
strength:
1. In partnership with LBC, FTG aims to be the Leading provider of express
courier services in Thailand with an extensive domestic network and broad
global reach.
The Company envisioned to be the leading provider of express courier
services to retail consumers in the Philippines, offering a reliable, convenient
and cost-effective alternative to the some other existing balikbayan cargo in
Thailand. For the year ended December 31, 2013, the Company had been
the leader in the transport of Balikbayan Boxes, with a 55% market share in
terms of units transferred, according to the number of shipment per week
basis.
The Company’s services are accessible to retail clients through its expansive
domestic distribution network which, as of December 31, 2013, comprised 109
active distributors and sub offices covering nearly 70% of the total number of
provinces in Thailand. Pattaya, Rayong, Chiang Mai, Chon Buri, and Nakhon
Ratchasima are among the most improved outlet. As of the present we have
According to Sawadee Kapamilya recent surveys, as of November 30, 2013,
the Company’s domestic branch network was approximately four times as
large as that of its nearest logistics competitor in terms of number of suboutlets. In addition, the Company’s partnership with local distribution agent
enables the convenience of the door-to-door pick-up service that has
become a hallmark of the Company’s value-add offerings. The Company’s
network also provides coverage in key international markets with significant
presence of the Expats working and living in Thailand, making its services
attractive for both Philippine Market and international community. FAST
TRACK GLOBAL believes that, in partnership with LBC and its established
platform and market position in the Balikbayan Box and retail logistics
industry, it will benefit significantly from the positive growth prospects of the
company and it seeks to continue growing its core retail Logistics business,
while at the same expanding its corporate Logistics offerings and Courier
Services business.
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This document is the proprietary property of Fast Track Global Co. Ltd.
Company Profile
Fast Track Global Co. Ltd
2. In partnership with LBC, The Company will carry out the Iconic brand that
LBC has been widely recognized for reliability, efficiency and service
excellence with an over 60-year operating history.
FAST TRACK GLOBAL believes that the strength of “LBC” brand is one of its key
competitive advantages. The “LBC” brand has gained significant recognition
in the Philippines and among OFWs throughout the world over 60-year
operating history. As the first Filipino-owned company to provide time-sensitive
courier and cargo delivery services and the pioneer in 24-hour door-to-door
delivery services in the Philippines, the Company has a long-established
reputation for being a trustworthy and dependable provider of on-time
deliveries of important goods and documents. Today, the Company believes
that the “LBC” brand has become synonymous with top quality service.
When the Company expanded into the remittance business in the early
1980s, the brand equity and goodwill of the trusted “LBC” brand contributed
to the success of this new business. In addition to its extensive geographic
reach and marketing efforts, the Company’s dedication to efficiency,
reliability and general service excellence has earned it considerable goodwill
and trust from its customers. The “LBC” brand was one of Reader’s Digest
Trusted Brand Winners – Philippine Airfreight/Courier Service Category in 2012
and one of Socialbakers’ top Socially Devoted brands in 2012 and 2013.
According to the LISBON Survey, a survey conducted by Market Research
Solutions, Inc., an independent marketing and research firm, the Company
was considered one of the Best-of-Class Companies in the Philippines for both
the freight forwarding and remittance industries in 2012. According to the
LISBON Survey, in 2012, the Company achieved 81% brand awareness/market
reach for sea cargo, the 9 highest in the segment, with the closest competitor
achieving 47% recognition. To keep up with growing expectations of
customers, FAST TRACK GLOBAL continues to set challenging targets for itself
in terms of delivery efficiency and customer satisfaction, as well as goals for
further improving its image and brand.
3. In partnership with LBC, FAST TRACK GLOBAL uniquely positioned to benefit
from the surging demand for corporate logistics solutions.
As the Thailand economy continues to grow and certain industries mature,
Thailand companies are increasingly outsourcing logistics functions to third
party logistics providers. Along with improvement and penetration of
technology and E-commerce in the consumer industries, logistics has become
increasingly global in nature, creating new business opportunities for the
Company in areas such as international freight forwarding, warehousing and
inventory management. With an established operational platform which
includes an extensive domestic and international distribution network, an
integrated IT infrastructure and a widely recognized and trusted brand, FAST
TRACK GLOBAL believes it is favorably positioned to compete for market share
in the growing corporate logistics industry. The Company has already
increased its focus on the corporate sector in recent years, broadening its
scope of services from traditional courier and freight forwarding services to
specialized corporate solutions such as fulfillment processing, packaging and
repacking, printing and mailing of invoices and others. The Company has
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This document is the proprietary property of Fast Track Global Co. Ltd.
Company Profile
Fast Track Global Co. Ltd
established close working relationships with several carriers throughout the
Philippines and other major ports, affording it prioritized capacity and
processing opportunities and reducing origin-to-destination transit time.
4. Best-in-class management team with established track record.
The Company’s senior management team has extensive experience in
business management and market development, combined with a deep
understanding of the Thailand logistics and industries and a track record for
successful expansion into overseas markets. Ms. Nongkran Vannacharoen
(Nong) has owned and operated a Company for three generations,
providing the Company with stability and a unified vision for the future. Her
strong management skills and business acumen have also been recognized
by the wider business community in the Bangkok. Mr. Arnel Martinez, Chief
Operation Officer, has been working 12 long years in Deutsche Post DHL
Philippines.
Managing Director:
Finance Director:
Operations Manager:
Sales & Marketing Manager:
Customer Service Supervisor:
Administrative Executive:
Khun Ratree Robinson (Thai)
Trevor Robinson (Canadian)
Cromwell Besmark Cortes (Filipino)
Dane Cortes
Greg Maranan
Nina Faith Villagomesa
Together, the senior management team has over 15 years of combined
experience in the logistics and Balikbayan industries. Under their leadership
and guidance, the Company utilizes targeted strategies to maintain and
grow its market leadership in established business segments and compete for
additional market share in growing business segments. The Company believes
that its strong management team enables it to continue improving the
efficiency of its operations, the quality of its service offerings and its ability to
satisfy its customers’ requirements.
Company Information
The Company has recently become a company limited with its registered
office and principal executive offices located at 576 Sukhumvit 71, North
Prakhanong, Wattana, Bangkok, Thailand 10100. The Company’s telephone
number is +662-019-0295, 09-9060-7995 and its fax number is +662-019-0295. Its
corporate website is www.fasttrack-global.com, and www.lbcexpress.com.
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Company Profile
Fast Track Global Co. Ltd
PROPERTY AND EQUIPMENT
Real Property
The Company’s registered office is located at 576 Sukhumvit 71, North
Phrakanong, Wattana, Thailand pursuant to a lease contract with the Natural
Law Office. The company’s warehouse at soi 33 Rama 9 is a free storage
warehouse as a compliment by Handle InterFreight Logistic Co. Ltd under the
positive approval of Ms. Nongkran Vannacharoen.
Equipment
Other
property
and
equipment owned by the
Company at the main office
Thailand comprising trucks,
computers and peripheral
equipment, software, vaults,
and office fixtures.
EMPLOYEES
As of November 30, 2014, Fast Track Global Co. Ltd had, on a 109 agents and
distributors on commission basis and 5 full-time employees.
Gallery:
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This document is the proprietary property of Fast Track Global Co. Ltd.
Company Profile
Fast Track Global Co. Ltd
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This document is the proprietary property of Fast Track Global Co. Ltd.