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Report No. : |
303191 |
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Report Date : |
13.01.2015 |
IDENTIFICATION DETAILS
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Name : |
EON GLOBAL INTERNATIONAL MARKETING, INC. |
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Registered Office : |
Room 508 FUBC Bldg., 413 Escolta St., Binondo City of Manila |
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Country : |
Philippines |
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Date of Incorporation : |
28.01.2014 |
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Legal Form : |
Private Corporation |
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Line of Business : |
Marketing, buying, selling, distributing, import/export and trading,
wholesale & retail of all kinds of goods, home/health, plastic products,
general merchandise of all kinds & description. |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New company |
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Payment Behaviour : |
Unknown |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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Philippines |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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).
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Source
: CIA |
EON GLOBAL
INTERNATIONAL MARKETING, INC.
Address: Room
508 FUBC Bldg., 413 Escolta St., Binondo,
City
of Manila, Philippines
Telephone No.: 632
363 0380 - 87
Service Type: Normal
We conducted research and investigation on EON GLOBAL INTERNATIONAL
MARKETING INC. and showed the following, viz:
VERIFICATION WITH SECURITIES & EXCHANGE COMMISSION (SEC): EON GLOBAL INTERNATIONAL MARKETING INC.
PRIVATE CORPORATION a)
Certificate No. : CS201401705
b)
Date : January 28, 2014
c)
Term : Fifty (50) years
d)
Corporate Tax No. :
NIL
e)
Telephone No.
: 0927 324 6349
Address: Room 508
FUBC Bldg., 413 Escolta, Binondo
(Burke), City of Manila.
(Note: Currency
in Philippine Peso, unless otherwise specified)
(As of 2014)
Authorized Capital Stock - 1,000,000. –
10,000. Shares Common
Amount Subscribed & Fully Paid Up - 500,000.
Par value per share - 100.
To engage in, conduct, carry on the business of marketing, buying,
selling, distributing, import/export and trading, wholesale & retail of all
kinds of goods, home/health, plastic products, general merchandise of all kinds
& description as may be permitted by law.
(As of 2014)
|
Name / Nationality |
Position |
Amount Paid Up |
|
Erman R. Maderazo |
Chairperson/President |
100.000. |
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Omar V. Orosa |
Corp. Sec./Director |
100.000. |
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Demetrio C. Santos |
CFO/Director |
100.000. |
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Francisco F. Santos |
Director |
100.000. |
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Allan B. Capuyan |
Director |
100.000. |
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Total |
500,000. vvvvvvv |
Subject firm was issued by Phil. Bureau of Internal Revenue an Import
Regular Clearance Certificate/Broker Clearance Certificate (ICC/BCC) on
Sept.12, 2014 with a validity period from June, 2014 to June, 2017.
Telephone Nos. (63) 2 244-2509; 241-0243; 241-7005.
Francisco F. Santos - As gathered, a Lawyer by profession. Passed
the Philippine Bar on March 9, 1971
under Roll No. 23198.
(Note:
Financial Statement not available from SEC and other regular sources.
Furthermore, subject company was only registered in 2014. Deadline for filing
or submission of latest result Financial condition as of Dec. 31, 2014 as
required by SEC, not later than April, 2015. Penalty is assessed for late
filing.)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
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|
1 |
Rs.94.28 |
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Euro |
1 |
Rs.73.73 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.