MIRA INFORM REPORT
|
Report Date : |
08.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
FOODSPHERE, INC. |
|
|
|
|
Registered Office : |
560 West Service Road, Paso De Blas, Valenzuela City 1442 |
|
|
|
|
Country : |
Philippines |
|
|
|
|
Financials (as on) : |
31.01.2011 |
|
|
|
|
Date of Incorporation : |
23.06.1981 |
|
|
|
|
Com. Reg. No.: |
0099568 |
|
|
|
|
Legal Form : |
Corporation |
|
|
|
|
Line of Business : |
Processor of food products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1,000,000 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Philippines |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Details
|
Company Name: |
FOODSPHERE,
INC. |
|
Supplied Name: |
Food Sphere Inc |
|
Trading
Address: |
|
|
Supplied
Address: |
|
|
Telephone
Number: |
+63 (02) 294-1111; 294-1015 |
|
Fax
Number: |
+63 (02) 294-2829; 292-5303 |
|
Website: |
Note:
The exact subject’s name and address are as above mentioned.
Credit Summary
|
Credit
Rating: |
Maximum credit USD 1,000,000 |
Company Identification Details
|
Company Name: |
FOODSPHERE, INC. |
|
Registered
Number: |
0099568 |
|
TIN Number: |
000-236-309 |
|
Legal
Form: |
Corporation |
|
Date
Incorporated: |
|
|
Authorized
Capital Stock: |
PHP 250,000,000.00 (USD 5,727,500.00) |
|
Subscribed and Paid-up
Capital Stock: |
PHP 210,000,000.00 (USD 481,110.00) (As of 2011.10, 1PHP= 0.02291 USD ) |
|
Par
Value Per Share: |
PHP 100.00 |
|
Listed
at Stock Exchange: |
No |
|
Staff: |
1,500 Employees |
Note: Amounts in Philippine Peso unless otherwise specified.
History
CORPORATION
Verification with the local registry revealed the following correct registration details as of (October 3, 2011).
Company Background
|
Regulatory Agency |
Date Registered |
Registration No. |
Term |
|
Securities
and Exchange Commission |
|
0099568 |
50 years |
As of
|
Type |
Share |
Par Value |
|
Authorized Capital |
250,000,000.00 |
100.00 |
|
Subscribed and Paid Up Capital |
210,000,000.00 |
100.00 |
Capital structure per latest available audited
financial statements.
Increase in authorized capital
stock from 1,000,000 to 2,000,000 was approved by the Securities and Exchange
Commission on October 15, 1990; to
Shareholders
Stockholders (
|
Name |
Subscribed and
Paid-Up |
Subscribed and
Paid-Up |
Nationality |
|
ONG, JOSE J. |
73,500,000.00 |
Subscribed and
Paid Up |
Filipino |
|
ONG, COARAZON
D. |
42,000,000.00 |
Subscribed and
Paid Up |
Filipino |
|
ONG, CHARMAINE
D. |
31,500,000.00 |
Subscribed and
Paid Up |
Filipino |
|
ONG, JASON D. |
31,500,000.00 |
Subscribed and
Paid Up |
Filipino |
|
ONG, JEROME D. |
31,500,000.00 |
Subscribed and
Paid Up |
Filipino |
Management Information
Management (
|
Name |
Position |
|
ONG, JOSE J. |
Chairman |
|
ONG, CORAZON
D. |
Vice Chairman |
|
ONG, JEROME D. |
President /
General Manager / Director |
|
ONG, CHARMAINE
D. |
Treasurer / Corporate
Secretary / Director |
|
ONG, JASON D. |
Director |
Operation
Activities
|
|
Processor of food products. |
Premises
|
|
Subject operates at the captioned address. |
Balance Sheet
Unit: PHP
|
Balance Sheet |
|
|
|
TotalCurrentAssets |
3,823,554,957.38 |
2,663,800,439.17 |
|
Cash |
245,643,663.18 |
160,379,026.14 |
|
ShortInvest |
0.00 |
0.00 |
|
Receivable |
339,430,044.93 |
577,843,334.38 |
|
Inventory |
3,230,659,093.91 |
1,921,834,038.13 |
|
OtherCurrentAssets |
7,822,155.36 |
3,744,040.52 |
|
LongInvestTotal |
66,198,276.37 |
62,225,963.63 |
|
LongInvestSecurity |
0.00 |
0.00 |
|
LongInvestEquity |
0.00 |
0.00 |
|
LongInvestOther |
0.00 |
0.00 |
|
FixedAssetsTotal |
820,926,010.88 |
829,015,499.91 |
|
FixedAssets |
1,180,364,580.15 |
1,100,360,760.65 |
|
DepreciationTotal |
359,438,569.27 |
271,345,260.74 |
|
IntangibleAssets |
0.00 |
0.00 |
|
OtherAssets |
5,021,117.29 |
443,391.95 |
|
TotalAssets |
4,715,700,361.92 |
3,555,485,294.66 |
|
TotalCurrentDebt |
3,890,269,537.87 |
2,745,839,666.31 |
|
ShortLoan |
1,354,024,608.97 |
1,177,794,830.59 |
|
AccountsPayable |
2,521,012,683.40 |
1,554,987,031.48 |
|
OtherCurrentLiability |
15,232,245.50 |
13,057,804.24 |
|
LongLiabilityTotal |
405,189,163.31 |
466,039,270.55 |
|
LongLeases |
0.00 |
0.00 |
|
LongLoan |
0.00 |
0.00 |
|
LongLoanOther |
0.00 |
0.00 |
|
TotalLiability |
4,295,458,701.18 |
3,211,878,936.86 |
|
TotalEquity |
420,241,660.70 |
343,606,357.80 |
|
TotalEquity
(USD) |
9,627,736.45 |
7,872,021.66 |
|
ShareCapital |
210,000,000.00 |
210,000,000.00 |
|
CapitalPaid |
0.00 |
0.00 |
|
LegalReserve |
0.00 |
0.00 |
|
SurplusReserve |
21,126,948.00 |
21,126,948.00 |
|
UndistributedProfit |
0.00 |
0.00 |
|
RetainedEarning |
137,183,748.31 |
64,520,758.15 |
|
OtherEquity |
51,930,964.39 |
47,958,651.65 |
|
TotalLiabilityAndEquity |
4,715,700,361.88 |
3,555,485,294.66 |
|
TotalLiabilityAndEquity
(USD) |
108,036,695.29 |
81,456,168.10 |
(As of 2011.10, 1PHP= 0.02291 USD )
Profit/ Loss Accounts
Unit:
PHP
|
Date |
|
|
|
OperatingRevenue |
0.00 |
0.00 |
|
SalesRevenue |
5,425,318,465.36 |
4,520,643,367.88 |
|
SalesRevenue
(USD) |
124,294,046.04 |
103,567,939.56 |
|
InterestRevenue |
0.00 |
0.00 |
|
OtherRevenue |
758,991.22 |
631,995.06 |
|
TotalRevenue |
5,426,077,456.58 |
4,521,275,362.94 |
|
SalesCost |
4,247,145,302.26 |
3,534,917,472.08 |
|
GrossProfit |
1,178,173,163.10 |
985,725,895.80 |
|
SalesExpenses |
0.00 |
0.00 |
|
ManagementExpenses |
1,074,920,287.56 |
901,737,063.70 |
|
FinancialExpenses |
0.00 |
0.00 |
|
TotalExpenses |
5,322,065,589.82 |
4,436,654,535.78 |
|
OperatingProfit |
104,011,866.76 |
84,620,827.16 |
|
NonOperatingProfit |
0.00 |
0.00 |
|
ProfitBeforeTax |
104,011,866.76 |
84,620,827.16 |
|
Tax |
31,348,876.60 |
25,306,015.53 |
|
NetProfit |
72,662,990.16 |
59,314,811.63 |
|
NetProfit
(USD) |
1,664,709.11 |
1,358,902.34 |
(As of
2011.10, 1PHP= 0.02291 USD )
Cash Flow
|
Date |
|
|
|
OperatingNetCash |
234,109,610.60 |
50,980,654.08 |
|
InvestmentNetCash |
-87,994,866.32 |
-91,537,560.59 |
|
FinanceNetCash |
-60,850,107.24 |
66,039,270.55 |
Please see attached audited
financial statements for the years ending 2011 – 2010 (January 31)
Bankers
Banking references
Union Bank of the Philippines; Banco de Oro Unibank, Inc.; Allied Banking Corporation; Bank of the Philippine Islands; and Metropolitan Bank and Trust Company.
Verification of deposits, if any, prohibited under Philippine laws.
Subject: FOODSPHERE INC
|
No |
Collateral/Security |
Co Maker's Name |
Loan Type |
Loan Status |
Outstanding Amount |
Market Gain/Loss |
Secured Amount |
Unsecured Amount |
|
1. |
Other Securities |
FOODSPHERE INC |
Import Bills Under Trust
Receipts (TR) |
Current |
181,878,319.73 |
0.00 |
0.00 |
181,878,319.73 |
|
2. |
Other Securities |
FOODSPHERE INC |
Other Agri Credit Loans |
Current |
50,000,000.00 |
0.00 |
0.00 |
50,000,000.00 |
|
3. |
Other Securities |
|
Import Bills Under Trust
Receipts (TR) |
Current |
495,045,107.74 |
0.00 |
0.00 |
495,045,107.74 |
|
4. |
REM - Not Insured by HFC |
|
Other Agri Credit Loans |
Current |
266,666,666.64 |
0.00 |
72,729,504.00 |
193,937,162.64 |
|
5. |
|
|
Import Bills Under Trust
Receipts (TR) |
Current |
2,503,220.46 |
0.00 |
0.00 |
2,503,220.46 |
|
6. |
|
|
Time Loans |
Current |
40,000,000.00 |
0.00 |
0.00 |
40,000,000.00 |
|
7. |
|
|
Import Bills Under Trust
Receipts (TR) |
Current |
2,908,590.50 |
0.00 |
0.00 |
2,908,590.50 |
|
8. |
|
|
Import Bills Under Trust
Receipts (TR) |
Current |
1,140,409.67 |
0.00 |
0.00 |
1,140,409.67 |
|
9. |
|
|
Import Bills Under Trust
Receipts (TR) |
Current |
1,546,399.72 |
0.00 |
0.00 |
1,546,399.72 |
|
10. |
|
|
Import Bills Under Trust
Receipts (TR) |
Current |
3,966,321.67 |
0.00 |
0.00 |
3,966,321.67 |
Subject: FOODSPHERE INC
|
No |
Loan Type |
Loan Status |
Outstanding Amount |
Market Gain/Loss |
Secured Amount |
Unsecured Amount |
|
11. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,397,240.00 |
0.00 |
0.00 |
3,397,240.00 |
|
12. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,823,391.56 |
0.00 |
0.00 |
3,823,391.56 |
|
13. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,418,030.00 |
0.00 |
0.00 |
3,418,030.00 |
|
14. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,622,493.00 |
0.00 |
0.00 |
1,622,493.00 |
|
15. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,423,420.00 |
0.00 |
0.00 |
3,423,420.00 |
|
16. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,319,599.58 |
0.00 |
0.00 |
2,319,599.58 |
|
17. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,332,000.00 |
0.00 |
0.00 |
1,332,000.00 |
|
18. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,149,536.42 |
0.00 |
0.00 |
1,149,536.42 |
|
19. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,942,912.29 |
0.00 |
0.00 |
2,942,912.29 |
|
20. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,946,893.27 |
0.00 |
0.00 |
2,946,893.27 |
Subject: FOODSPHERE
INC
|
No |
Loan Type |
Loan Status |
Outstanding Amount |
Market Gain/Loss |
Secured Amount |
Unsecured Amount |
|
|
|
|
|
|
|
|
|
21. |
Import Bills Under Trust
Receipts (TR) |
Current |
5,030,050.06 |
0.00 |
0.00 |
5,030,050.06 |
|
22. |
Import Bills Under Trust
Receipts (TR) |
Current |
5,085,766.22 |
0.00 |
0.00 |
5,085,766.22 |
|
23. |
Import Bills Under Trust
Receipts (TR) |
Current |
768,156.49 |
0.00 |
0.00 |
768,156.49 |
|
24. |
Time Loans |
Current |
20,000,000.00 |
0.00 |
0.00 |
20,000,000.00 |
|
25. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,608,003.66 |
0.00 |
0.00 |
2,608,003.66 |
|
26. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,309,355.76 |
0.00 |
0.00 |
2,309,355.76 |
|
27. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,305,656.98 |
0.00 |
0.00 |
1,305,656.98 |
|
28. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,827,017.39 |
0.00 |
0.00 |
3,827,017.39 |
|
29. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,536,312.99 |
0.00 |
0.00 |
1,536,312.99 |
|
30. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,720,867.15 |
0.00 |
0.00 |
1,720,867.15 |
Subject: FOODSPHERE
INC
|
No |
Loan Type |
Loan Status |
Outstanding Amount |
Market Gain/Loss |
Secured Amount |
Unsecured Amount |
|
31. |
Import Bills Under Trust
Receipts (TR) |
Current |
768,156.49 |
0.00 |
0.00 |
768,156.49 |
|
32. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,405,710.00 |
0.00 |
0.00 |
3,405,710.00 |
|
33. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,237,346.00 |
0.00 |
0.00 |
3,237,346.00 |
|
34. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,247,734.00 |
0.00 |
0.00 |
3,247,734.00 |
|
35. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,602,083.31 |
0.00 |
0.00 |
3,602,083.31 |
|
36. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,044,800.52 |
0.00 |
0.00 |
3,044,800.52 |
|
37. |
Import Bills Under Trust Receipts
(TR) |
Current |
3,846,297.08 |
0.00 |
0.00 |
3,846,297.08 |
|
38. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,611,869.53 |
0.00 |
0.00 |
2,611,869.53 |
|
39. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,243,638.76 |
0.00 |
0.00 |
1,243,638.76 |
|
40. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,602,270.92 |
0.00 |
0.00 |
3,602,270.92 |
Subject: FOODSPHERE
INC
|
No |
Loan Type |
Loan Status |
Outstanding Amount |
Market Gain/Loss |
Secured Amount |
Unsecured Amount |
|
41. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,280,242.08 |
0.00 |
0.00 |
2,280,242.08 |
|
42. |
Import Bills Under Trust
Receipts (TR) |
Current |
5,326,694.53 |
0.00 |
0.00 |
5,326,694.53 |
|
43. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,451,170.73 |
0.00 |
0.00 |
1,451,170.73 |
|
44. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,800,403.46 |
0.00 |
0.00 |
3,800,403.46 |
|
45. |
Import Bills Under Trust Receipts
(TR) |
Current |
3,128,419.00 |
0.00 |
0.00 |
3,128,419.00 |
|
46. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,322,209.75 |
0.00 |
0.00 |
1,322,209.75 |
|
47. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,771,540.62 |
0.00 |
0.00 |
2,771,540.62 |
|
48. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,074,734.28 |
0.00 |
0.00 |
1,074,734.28 |
|
49. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,132,024.00 |
0.00 |
0.00 |
3,132,024.00 |
|
50. |
Import Bills Under Trust
Receipts (TR) |
Current |
741,633.14 |
0.00 |
0.00 |
741,633.14 |
Subject: FOODSPHERE INC
|
No |
Loan Type |
Loan Status |
Outstanding Amount |
Market Gain/Loss |
Secured Amount |
Unsecured Amount |
|
51. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,123,500.11 |
0.00 |
0.00 |
1,123,500.11 |
|
52. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,042,947.41 |
0.00 |
0.00 |
3,042,947.41 |
|
53. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,481,704.44 |
0.00 |
0.00 |
2,481,704.44 |
|
54. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,878,041.92 |
0.00 |
0.00 |
2,878,041.92 |
|
55. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,479,721.00 |
0.00 |
0.00 |
1,479,721.00 |
|
56. |
Import Bills Under Trust
Receipts (TR) |
Current |
928,584.30 |
0.00 |
0.00 |
928,584.30 |
|
57. |
Import Bills Under Trust
Receipts (TR) |
Current |
834,491.28 |
0.00 |
0.00 |
834,491.28 |
|
58. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,326,738.97 |
0.00 |
0.00 |
1,326,738.97 |
|
59. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,991,074.41 |
0.00 |
0.00 |
2,991,074.41 |
|
60. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,275,930.00 |
0.00 |
0.00 |
3,275,930.00 |
Subject: FOODSPHERE INC
|
No |
Loan Type |
Loan Status |
Outstanding Amount |
Market Gain/Loss |
Secured Amount |
Unsecured Amount |
|
61. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,542,889.23 |
0.00 |
0.00 |
2,542,889.23 |
|
62. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,793,827.02 |
0.00 |
0.00 |
3,793,827.02 |
|
63. |
Import Bills Under Trust
Receipts (TR) |
Current |
808,389.63 |
0.00 |
0.00 |
808,389.63 |
|
64. |
Import Bills Under Trust
Receipts (TR) |
Current |
4,764,589.94 |
0.00 |
0.00 |
4,764,589.94 |
|
65. |
Import Bills Under Trust
Receipts (TR) |
Current |
873,366.66 |
0.00 |
0.00 |
873,366.66 |
|
66. |
Import Bills Under Trust
Receipts (TR) |
Current |
4,915,540.12 |
0.00 |
0.00 |
4,915,540.12 |
|
67. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,770,349.29 |
0.00 |
0.00 |
3,770,349.29 |
|
68. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,107,706.22 |
0.00 |
0.00 |
1,107,706.22 |
|
69. |
Import Bills Under Trust
Receipts (TR) |
Current |
822,093.75 |
0.00 |
0.00 |
822,093.75 |
|
70. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,789,122.75 |
0.00 |
0.00 |
1,789,122.75 |
Subject:
FOODSPHERE INC
|
No |
Loan Type |
Loan Status |
Outstanding Amount |
Market Gain/Loss |
Secured Amount |
Unsecured Amount |
|
|
|
|
|
|
|
|
|
71. |
Import Bills Under Trust
Receipts (TR) |
Current |
847,886.58 |
0.00 |
0.00 |
847,886.58 |
|
72. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,819,030.01 |
0.00 |
0.00 |
2,819,030.01 |
|
73. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,797,770.06 |
0.00 |
0.00 |
2,797,770.06 |
|
74. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,833,310.15 |
0.00 |
0.00 |
2,833,310.15 |
|
75. |
Import Bills Under Trust
Receipts (TR) |
Current |
800,491.51 |
0.00 |
0.00 |
800,491.51 |
|
76. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,297,687.03 |
0.00 |
0.00 |
2,297,687.03 |
|
77. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,893,322.79 |
0.00 |
0.00 |
2,893,322.79 |
|
78. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,048,278.70 |
0.00 |
0.00 |
3,048,278.70 |
|
79. |
Import Bills Under Trust
Receipts (TR) |
Current |
6,934,364.10 |
0.00 |
0.00 |
6,934,364.10 |
|
80. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,055,930.71 |
0.00 |
0.00 |
3,055,930.71 |
Subject:
FOODSPHERE INC
|
No |
Loan Type |
Loan Status |
Outstanding Amount |
Market Gain/Loss |
Secured Amount |
Unsecured Amount |
|
81. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,055,934.08 |
0.00 |
0.00 |
2,055,934.08 |
|
82. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,599,227.64 |
0.00 |
0.00 |
3,599,227.64 |
|
83. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,269,073.60 |
0.00 |
0.00 |
3,269,073.60 |
|
84. |
Import Bills Under Trust
Receipts (TR) |
Current |
4,561,534.95 |
0.00 |
0.00 |
4,561,534.95 |
|
85. |
Import Bills Under Trust
Receipts (TR) |
Current |
7,003,211.40 |
0.00 |
0.00 |
7,003,211.40 |
|
86. |
Import Bills Under Trust
Receipts (TR) |
Current |
4,040,847.00 |
0.00 |
0.00 |
4,040,847.00 |
|
87. |
Import Bills Under Trust
Receipts (TR) |
Current |
873,980.33 |
0.00 |
0.00 |
873,980.33 |
|
88. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,275,812.80 |
0.00 |
0.00 |
3,275,812.80 |
|
89. |
Import Bills Under Trust
Receipts (TR) |
Current |
875,909.74 |
0.00 |
0.00 |
875,909.74 |
|
90. |
Import Bills Under Trust
Receipts (TR) |
Current |
7,310,247.31 |
0.00 |
0.00 |
7,310,247.31 |
Subject:
FOODSPHERE INC
|
No |
Loan Type |
Loan Status |
Outstanding Amount |
Market Gain/Loss |
Secured Amount |
Unsecured Amount |
|
91. |
Import Bills Under Trust
Receipts (TR) |
Current |
6,872,250.31 |
0.00 |
0.00 |
6,872,250.31 |
|
92. |
Import Bills Under Trust
Receipts (TR) |
Current |
10,903,523.40 |
0.00 |
0.00 |
10,903,523.40 |
|
93. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,831,362.86 |
0.00 |
0.00 |
2,831,362.86 |
|
94. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,062,237.45 |
0.00 |
0.00 |
2,062,237.45 |
|
95. |
Import Bills Under Trust
Receipts (TR) |
Current |
8,087,283.00 |
0.00 |
0.00 |
8,087,283.00 |
|
96. |
Import Bills Under Trust
Receipts (TR) |
Current |
9,094,237.20 |
0.00 |
0.00 |
9,094,237.20 |
|
97. |
Import Bills Under Trust
Receipts (TR) |
Current |
810,217.83 |
0.00 |
0.00 |
810,217.83 |
|
98. |
Import Bills Under Trust
Receipts (TR) |
Current |
872,810.60 |
0.00 |
0.00 |
872,810.60 |
|
99. |
Import Bills Under Trust
Receipts (TR) |
Current |
910,901.19 |
0.00 |
0.00 |
910,901.19 |
|
100. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,345,724.03 |
0.00 |
0.00 |
1,345,724.03 |
Subject:
FOODSPHERE INC
|
No |
Loan Type |
Loan Status |
Outstanding Amount |
Market Gain/Loss |
Secured Amount |
Unsecured Amount |
|
101. |
Import Bills Under Trust
Receipts (TR) |
Current |
5,149,947.60 |
0.00 |
0.00 |
5,149,947.60 |
|
102. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,072,757.96 |
0.00 |
0.00 |
2,072,757.96 |
|
103. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,611,295.10 |
0.00 |
0.00 |
3,611,295.10 |
|
104. |
Import Bills Under Trust
Receipts (TR) |
Current |
5,077,339.20 |
0.00 |
0.00 |
5,077,339.20 |
|
105. |
Import Bills Under Trust Receipts
(TR) |
Current |
3,102,818.40 |
0.00 |
0.00 |
3,102,818.40 |
|
106. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,102,818.40 |
0.00 |
0.00 |
3,102,818.40 |
|
107. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,102,818.40 |
0.00 |
0.00 |
3,102,818.40 |
|
108. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,079,767.00 |
0.00 |
0.00 |
2,079,767.00 |
|
109. |
Import Bills Under Trust
Receipts (TR) |
Current |
769,199.95 |
0.00 |
0.00 |
769,199.95 |
|
110. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,308,649.55 |
0.00 |
0.00 |
1,308,649.55 |
Subject:
FOODSPHERE INC
|
No |
Loan Type |
Loan Status |
Outstanding Amount |
Market Gain/Loss |
Secured Amount |
Unsecured Amount |
|
111. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,284,092.00 |
0.00 |
0.00 |
3,284,092.00 |
|
112. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,280,470.03 |
0.00 |
0.00 |
2,280,470.03 |
|
113. |
Import Bills Under Trust
Receipts (TR) |
Current |
5,022,788.40 |
0.00 |
0.00 |
5,022,788.40 |
|
114. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,868,205.81 |
0.00 |
0.00 |
3,868,205.81 |
|
115. |
Import Bills Under Trust
Receipts (TR) |
Current |
767,634.77 |
0.00 |
0.00 |
767,634.77 |
|
116. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,132,745.00 |
0.00 |
0.00 |
3,132,745.00 |
|
117. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,498,660.73 |
0.00 |
0.00 |
1,498,660.73 |
|
118. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,403,563.20 |
0.00 |
0.00 |
1,403,563.20 |
|
119. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,238,076.00 |
0.00 |
0.00 |
1,238,076.00 |
|
120. |
Import Bills Under Trust
Receipts (TR) |
Current |
8,579,673.90 |
0.00 |
0.00 |
8,579,673.90 |
Subject:
FOODSPHERE INC
|
No |
Loan Type |
Loan Status |
Outstanding Amount |
Market Gain/Loss |
Secured Amount |
Unsecured Amount |
|
121. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,051,018.89 |
0.00 |
0.00 |
3,051,018.89 |
|
122. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,278,898.00 |
0.00 |
0.00 |
3,278,898.00 |
|
123. |
Import Bills Under Trust
Receipts (TR) |
Current |
862,149.30 |
0.00 |
0.00 |
862,149.30 |
|
124. |
Import Bills Under Trust
Receipts (TR) |
Current |
8,694,529.20 |
0.00 |
0.00 |
8,694,529.20 |
|
125. |
Import Bills Under Trust
Receipts (TR) |
Current |
2,941,574.75 |
0.00 |
0.00 |
2,941,574.75 |
|
126. |
Import Bills Under Trust
Receipts (TR) |
Current |
1,687,608.00 |
0.00 |
0.00 |
1,687,608.00 |
|
127. |
Import Bills Under Trust
Receipts (TR) |
Current |
6,860,797.20 |
0.00 |
0.00 |
6,860,797.20 |
|
128. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,078,886.71 |
0.00 |
0.00 |
3,078,886.71 |
|
129. |
Import Bills Under Trust
Receipts (TR) |
Current |
3,923,701.69 |
0.00 |
0.00 |
3,923,701.69 |
|
130. |
Time Loans |
Current |
40,000,000.00 |
0.00 |
0.00 |
40,000,000.00 |
Subject: FOODSPHERE INC
|
No |
Loan Type |
Loan Status |
Outstanding Amount |
Market Gain/Loss |
Secured Amount |
Unsecured Amount |
|
131. |
Time Loans |
Current |
50,000,000.00 |
0.00 |
0.00 |
50,000,000.00 |
|
132. |
Time Loans |
Current |
50,000,000.00 |
0.00 |
0.00 |
50,000,000.00 |
|
133. |
Time Loans |
Current |
50,000,000.00 |
0.00 |
0.00 |
50,000,000.00 |
|
134. |
Loans and Discounts - Foreign |
Current |
117,181,156.37 |
0.00 |
0.00 |
117,181,156.37 |
Public
NEGATIVE
RECORDS
COURT CASES RESULTS - Found 2 Record(s)
1.
FOODSPHERE INC
Case Number: 8470
Courts: METROPOLITAN TRIAL COURT
Branch: 81
Case Type: DAMAGES
Plaintiff Name: TAN ROMMEL E
Status: UNAVAILABLE
Date
Filed:
Action Date : NA
City
:
2.
FOODSPHERE INC
Case
Number:
Courts: REGIONAL TRIAL COURT
Branch: 11
Case Type: DAMAGES
Plaintiff Name: ADRIANO CHARITO
Status: UNAVAILABLE
Date
Filed:
Action Date: N/A
City: MALOLOS BULACAN
Special Note
All information was obtained from registry
and other sources. Above information were based on the subject’s 2010
Amended General Information Sheet, the latest available at the Securities and
Exchange Commission and our available databases.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
|
UK Pound |
1 |
Rs.75.97 |
|
Euro |
1 |
Rs.65.99 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.