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Report No. : |
325369 |
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Report Date : |
03.06.2015 |
IDENTIFICATION DETAILS
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Name : |
ENERTECH SYSTEMS INDUSTRIES INC. |
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Registered Office : |
3855 Technology Road, Prenza II, Marilao, Phils |
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Country : |
Philippines |
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Date of Incorporation : |
14.12.1979 |
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Legal Form : |
Stock Corporation |
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Line of Business : |
Manufacturer
& supplier of industrial steam boiler |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
Company: ENERTECH SYSTEMS IND. INC.
Address: 3855 Technology Road, Prenza II, Marilao, Phils.
Country: Philippines
Service Type: Normal
We conducted
research and verification on ENERTECH SYSTEMS INDUSTRIES INC. Hereunder our
report, viz:
- REGISTRATION –
a)
Certificate
No. : 0000090210
b)
Date : December 14, 1979
c)
Term : Fifty (50) years.
d)
Type
of Organization : Stock Corporation
Address : Quezon City, Metro Manila
As gathered, subject firm is known as
the “complete boiler technology
solution”. A leading manufacturer &
supplier of industrial steam boiler to the various industries in the
Philippines and other Asian countries. It’s modern fabrication plant in a 3
hectares lot in Marilao, Bulacan, to export biomass, oil & gas fired boiler
products to Malaysia, Vietnam, and other countries. The plant houses its state
of the art manufacturing facilities from computerized plate bender/roller,
plate cutting & fan balancing, submerge arc welding machine.
Specialties – Engineering design;
turnkey projects; fabrication of industrial boiler; biomass fired combination
boiler; material handling system; build & operate transfer for steam &
power outsourcing, wet-back package Fire Tube boiler, & water tube boiler.
Management Team:
Guillermo C. Simeon - President
Maria Zerlina Simeon-Tolentino - CEO with MBA in Business Adminstration
Jules Gerald B. Simeon - VP for Business Admin and Sales
Leonora B. Cariaga - CFO
Ceasar C. Acosta - CEO with MBA degrees in Bus. Admin & Economics
Address: 3855 Technology Road, Prenza II, Marilao, Bulacan, Philippines
Tel Nos. (02) 986-5132; 985-9565; 401-3862
(044) 769-8016-17
Fax No. (044) 769-8019
Email: enertech@enertech.com.ph
Website: www.enertech.com.ph
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.63.83 |
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|
1 |
Rs.97.10 |
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Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
VNT |
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 |
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-- |
NB |
New Business |
-- |
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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.