|
Report No. : |
317825 |
|
Report Date : |
17.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
JFZ ENTERPRISES |
|
|
|
|
Registered Office : |
National Highway
General Santos City 9500 |
|
|
|
|
Country : |
Philippines |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
1996 |
|
|
|
|
Legal Form : |
Private Corporation |
|
|
|
|
Line of Business : |
Trading / Export
/ Car Dealer & Repair |
|
|
|
|
No. of Employee : |
11 – 50 personnel |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Philippines |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
PHILIPPINES ECONOMIC OVERVIEW
The economy has weathered global economic and financial downturns better than its regional peers due to minimal exposure to troubled international securities, lower dependence on exports, relatively resilient domestic consumption, large remittances from four- to five-million overseas Filipino workers, and a rapidly expanding business process outsourcing industry. The current account balance had recorded consecutive surpluses since 2003; international reserves are at record highs; the banking system is stable; and the stock market was Asia's second best-performer in 2012. Efforts to improve tax administration and expenditure management have helped ease the Philippines' tight fiscal situation and reduce high debt levels. The Philippines has received several credit rating upgrades on its sovereign debt, and has had little difficulty tapping domestic and international markets to finance its deficits. Economic growth in the Philippines averaged 4.5% during the MACAPAGAL-ARROYO administration, but poverty worsened during her term. Growth has accelerated under the AQUINO government, but with limited progress thus far in bringing down unemployment, which hovers around 7%, and improving the quality of jobs. Underemployment is nearly 20% and more than 40% of the employed are estimated to be working in the informal sector. The AQUINO administration has been working to boost the budgets for education, health, cash transfers to the poor, and other social spending programs, and is relying on the private sector to help fund major infrastructure projects under its Public-Private Partnership program. Long term challenges include reforming governance and the judicial system, building infrastructure, improving regulatory predictability, and the ease of doing business, attracting higher levels of local and foreign investments. The Philippine Constitution and the other laws continue to restrict foreign ownership in important activities/sectors (such as land ownership and public utilities).
|
Source
: CIA |
Company: JFZ ENTERPRISES
Address: NATIONAL HIGHWAY GENERAL SANTOS CITY
9500 PHILIPPINE
Country:
Philippines
Service Type:
Normal
Notes:
Provide within 4 working days
We conducted research and investigation on JFZ ENTERPRISES, and showed the following,
viz:
VERIFICATION WITH SECURITIES & EXCHANGE COMMISSION (SEC): JFZ ENTERPRISES.
No record found. VERIFICATION WITH DEPARTMENT OF TRADE & INDUSTRIES (DTI): JFZ ENTERPRISES.
Sent an email inquiry to DTI. Awaiting reply. Conducted discreet background investigation.
Address: Highway, City Heights,
General Santos City, 9500 South Cotabato.
Telephone Nos.:
(63) 083 553-9165; 301-2548
Fax Nos.: (63)
083 553-9164
Officers: Japeth Zaide,
Sales Manager, JFZ Ent.
Owner, Limelight Studio
(Photography)
Josue F. Zaide, General Manager, JFZ
Ent.
CEO/Pres., ECONERGY CORP.
Website: www.japz.diytrade.com
Business Activity: Trading/Export/Car Dealer &
Repair
Founded: 1996
Number of Employees:
11 – 50 personnel
Business Industry: Metallurgy, Mining, Energy
Product/Services: Copper Ore, Manganese Ore, Chromite
O,re, Pyrites, Iron Ore, CFAD, Palm Oil, Tuna &
Pork Products, Palm Acid
Oil, Coco Acid Oil, Coco Fatty Acid,Virgin coconut oil, white copra oil, copra
cake.
VERIFICATION
WITH SECURITIES & EXCHANGE COMMISSION (SEC): ECONERGY CORPORATION
Legal Entity: PRIVATE CORPORATION
Per GIS dated 2013)
a)
Certificate
No. : CS201328286
b)
Date
: February 23, 2013
c)
Term : Fifty (50) years
d)
Company
Type : Stock Corporation
e)
Telephone
No. : (63) 083 553-9165
f)
Website : www.econergy.ph
g)
Email : info@econergy.ph
Address: Purok Ngilay, Brgy. Tambler, General Santos City, South Cotabato
(Note: Currency in Philippine Peso, unless otherwise specified)
(As of 2013)
Authorized Capital Stock - 30,000,000. –
300,000 Shares Common
Amount Subscribed & Paid Up - 25,000,000.
Par value per Share - 100.
Manufacture biofuel products.
(As of 2013)
|
Name / Nationality |
Position |
Amount
Paid Up |
|
JOSUE
F. ZAIDE, Filipino |
Chairman/President |
15,725,000. |
|
Jocelyn
R. Zaide, Filipino |
Chief
Financial Officer |
7,175,000. |
|
Japeth
R. Zaide, Filipino |
Vice
President |
1,050,000. |
|
Sunny R.
Z. Baraquel, Filipino |
Corporate
Secretary |
525,000. |
|
Arnel
C. Baraquel, Filipino |
Director |
525,000. |
|
|
TOTAL |
25,000,000.
vvvvvvvvvv |
A purely Filipino company which envision
itself to be among leading Biodiesel producer in the country. Manufacture,
export, supplies – Crude Glycerine; Coconut Methyl Esther
Telephone Nos. (63) 083 552-7788
/ 553-9194
(Audited Financial Statement for year 2013)
BALANCE
SHEET
|
ASSETS |
2013 |
|
Current Asset |
|
|
Cash &
Cash Equivalents |
1,042,894. |
|
Total
Current Assets |
1,042,894.
|
|
|
|
|
Non Current Assets |
|
|
Property &
Equipment |
39,024,223. |
|
Total
Non Current Assets |
39,024,223. |
|
Total
Assets |
40,067,117. vvvvvvvvvvv |
|
|
|
|
LIABILITIES
& EQUITY |
|
|
|
|
|
Current Liabilities |
|
|
Trade &
Other Payables |
15,067,117. |
|
Total
Current Liabilities |
15,067,117. |
|
Total
Liabilities |
15,067,117. |
|
|
|
|
Equity |
|
|
Paid Up |
25,000,000. |
|
Total
Equity |
25,000,000. |
|
Total Liabilities & Equity |
40,067,117 vvvvvvvvvv |
INCOME STATEMENT
No operation
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.37 |
|
|
1 |
Rs.92.44 |
|
Euro |
1 |
Rs.66.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.