Delivery Date: Sep 09, 2024
Subscriber No: 716000061
Ticket Key: 202409095006080132
Reference: sample reportComprehensive Report

SAMPLE PHILIPPINES CORPORATIONACTIVE

BUSINESS

Address:
Telephone(s):D-U-N-S
Number:Level 27 and 28 ExquandraTower, Lot 1A, Exchange Road conrer jade Street, Ortigas Center, Pasig, Metro Manila
Philippines(+63) 2 87779999
71-879-2567

IDENTIFICATION & SUMMARYIDENTIFICATION

D-U-N-S Number:Tax Identification Number(TIN):

E-Mail:71-879-2567

009-172-027-000

inq@samplephilscorp.com

Registration No.:

Telephone(s):Website:

CS12345678(+63) 2 87779999

www.samplephilscorp.com

Facsimile(s):(+63) 2 87654321

SUMMARY

Type of Business:

Paid-up Capital:

Court Cases:

Corporation

PHP37,456,000.00

Yes

History:Line of Business:

Employees:

Clear

General Contractors - industrial plant
construction

800 Estimated (Total)

Start:
1976
Control:
1975

Principal:
SIC:
1629-0500
1542-0100
8711-0400
1731-0000
1711-0401
Imports:
Yes

Currency

Marie Grace T. Vera Cruz
ChairmanAll monetary amounts quoted in this report are shown in Philippine Peso (PHP), unless otherwise stated.

Address
Level 27 and 28
ExquandraTower, Lot 1A,
Exchange Road conrer jadeStreet, Ortigas Center,
Pasig, Metro Manila
Philippines

RISK EVALUATIONFINANCIAL SUMMARY

Risk Indicator3

D&B Rating

3A3

FYE

Dec 31, 2023

Currency

Philippine Peso

Revenue

PHP 2,786,437,030

Net Worth

PHP -1,955,348,334

Total Asset

PHP 1,176,868,289

Total Liabilities

PHP 3,132,216,623

Net Profit after Tax

PHP -191,308,686

FINANCIAL RATIOS
Current Ratio

0.29

Quick Ratio

0.16

Profit Margin / Return on
Sales-6.87%

Return on Assets-16.26%

Total Debt to Net Worth-160.19%

RISK ASSESSMENT

Risk Indicator
Risk Level of the Company is : FAIR

3
High(4)

Low(1)

D&B Rating

Former Rating

Financial Strength
3A

Risk Indicator
3

Based on net worth

Fair (Slightly greater than
average Risk - Monitor closely)

The Dun & Bradstreet Rating of 3A3 indicates:

Undetermined

A Financial Strength of Philippine Peso 31,950,000 - 212,999,999 (Based on net worth) and a Risk Indicator which is Fair (Slightly
greater than average Risk - Monitor closely).

PUBLIC RECORD INFORMATIONCOURT CASES
Subject has court case listing based on available D&B records from January 1983 to Jul 23, 2024
Charge Date:

Aug 31, 2011

Charge Number:

102797

Chargee:

BPI/MS INS. CORP.

Other Information:

Nature of Case: Sum of Money (Dismissed)

Charge Date:

Jul 01, 2003

Charge Number:

49954

Chargee:

GOODYEAR STEEL PIPE

Other Information:

Nature of Case: Sum of Money

Charge Date:

Jan 26, 1999

Charge Number:

99-36594

Chargee:

C.C. JR. RENT A CAR

Other Information:

Nature of Case: Sum of Money

Charge Date:

Apr 07, 1997

Charge Number:

55050

Chargee:

PHIL. CHARTER INSURANCE CORP.

Other Information:

Nature of Case: Sum of Money

The records items above under 'Court Cases' may have been paid, vacated, settled or released prior to the date this report was
printed.

BANKSBank Name:

SAMPLE PHILIPPINES BANK CORPORATION

Branch:Head Office

Address:

13 N Domingo Street City Of San Juan, Metro Manila 1500 Philippines

Information in this report may not represent the full extent of subject's bank relationships.

CURRENT INVESTIGATIONINVESTIGATION INFORMATIONOn Jul 23, 2024, Juan dela Cruz, Chairman and President, declined all information.
Subject Company is engaged in construction such as industrial plant, buildings, and other structures.

Upon checking in PCAB’s online site, the Subject Company was granted a Contractor’s License with Principal Classification ofGeneral Engineering and Category A under PCAB License No. 12345 and is valid until June 30, 2023.
Based on Note 1 of Audited Financial Statement 2021, the COVID-19 pandemic has affected the company operations due toquarantine measures imposed by the government.
Management still believed that it can overcome pandemic through effective cost control and with a positive equity during thesechallenging years.
In Note 17, amendment of Articles of Incorporation for the increase in Authorized Capital Stock from PHP50 million to PHP100
million with pre-emptive rights to Stockholders of records as of December 16, 2019...
... has pending from Securities and Exchange Commission office due to pandemic affected schedules.
In Note 18, the compensation of key management personnel for the year amounted of PHP2,892,000.
Registry details are from the Securities and Exchange Commission (SEC).
External auditor, Peter John De Jesus (No.0987-AR-1), is accredited by SEC.

HISTORY

SAMPLE PHILIPPINES CORPORATION started its operations in 1976 and was registered on Nov 12, 2015 as a Corporation.
It was registered with the Securities Exchange Commission under the registration number of CS12345678, Mandaluyong City,
Metro Manila, Philippines.
It general contractors - industrial plant construction. An establishment of about 48 year(s), Marie Grace T. Vera Cruz, Chairman,
currently heads the company.

CHANGES IN LEGAL NAME
Previous Name:

Philippine Sample Corporation

Change to:

Present Name

Date of Change:

Aug 08, 2008

CAPITAL
Authorized Capital:

PHP149,824,000.00

Issued Capital:

PHP37,456,000.00

Paid-up Capital:

PHP37,456,000.00

Ordinary Shares:

PHP37,456,000.00 at par value 100.00

SHAREHOLDERS AND SHAREHOLDINGSThe following details represent the Full Shareholders List.
ORDINARY SHARESNameCountry

Sample Philippines Holding
Corporation

Shares Held

% of Shareholders

48,750,000

130.153

GRAB PH HOLDINGS Inc.

Philippines

22,473,400

59.999

GRAB TAXI HOLDINGS PTE.
Ltd.

Singapore

14,982,300

40.000Juan Dela Cruz

200,000

0.534

Peter Reyes

200,000

0.534

Jess Lopez

200,000

0.534

Manuel Santos

200,000

0.534

John Cruz

200,000

0.534

Peter Henry Oey

100

0.000

Marie Grace T. Vera Cruz

100

0.000

Jesse Stefan Ho Maxwell

100

0.000

Total of Shareholders:5

Shareholder as at:

Jun 13, 2023

Shareholding at:

PHP37,456,000

This information provided by:stock exchange

CHANGES IN CAPITAL
The following changes were confirmed by the local registry office.
Date of Change:

Aug 28, 1990

Capital Type:

Authorized Capital

Nature of Change:

increased

From:

PHP20,000,000.00

To:

PHP30,000,000.00

Date of Change:

Jul 14, 2000

Capital Type:

Authorized Capital

Nature of Change:

increased

From:

PHP30,000,000.00

To:

PHP50,000,000.00

LINKAGEPARENTName:

SAMPLE PHILIPPINES HOLDING CORPORATION

DUNS:

722653045

Location:

5th Floor, Pacific Star Building, Sen. Gil Puyat Avenue Salcedo Village, City Of Makati,
Metro Manila 1227 Philippines

Holds Shares in Subject:

97.99%

AFFILIATESName:AYALA LAND, INC.

DUNS:

718682222

Location:

Tower One & Exchange Plaza, City Of Makati,
Metro Manila 1226 Philippines

Subject holds shares in affiliate:%

Operates as:

Engaged in real estate construction, development, leasing and se

Name:

SAMPLE PHILIPPINES BUYER CORPORATION

DUNS:

722652575

Location:

8th Floor, AVA Center Tower 3, Bonifacio Global City, City Of Taguig,Metro Manila 1634 Philippines

SUBSIDIARIESName:

SAMPLE PHILIPPINES TRANSPORTATION SERVICES CORPORATION

DUNS:

722658804

Location:

3rd Floor, 20 Lansbergh Place, Tomas Morato Avenue corner Scout Castor Street,
Quezon City,
Metro Manila 1100 Philippines% of Shares Owned:

Subject holds 90% of shares in Subsidiary

Name:

SAMPLE PHILIPPINES RETAIL CORPORATION

DUNS:

722658580

Location:

Eiffel Building, 8 Rue Cassini Street, Ermita, Manila,
Metro Manila 1000 Philippines% of Shares Owned:

Subject holds 100% of shares in Subsidiary

Name:

SAMPLE PHILIPPINES HOTEL AND CASINOS CORPORATION

DUNS:

722658812

Location:

SPCGC Corporate Office, Sample Hotel and Casino Manila M.H. Del Pilar corner Pedro Gil
Streets,, Malate, Manila,
Metro Manila 1003 Philippines% of Shares Owned:

Subject holds 100% of shares in Subsidiary

Name:

SAMPLE PHILIPPINES FOOD CORPORATION

DUNS:

722657848

Location:

JME Building, No. 8982 Ayala Avenue corner Legaspi Street, Legaspi Village, City Of
Makati,
Metro Manila 1229 Philippines% of Shares Owned:

Subject holds 95% of shares in Subsidiary

Name:

SAMPLE PHILIPPINES MEDIA CORPORATION

DUNS:

722657624

Location:24th Floor, JME Building, No. 8982 Ayala Avenue corner Legaspi Street, Legaspi Village,
City Of Makati,
Metro Manila 1229 Philippines% of Shares Owned:

Subject holds 100% of shares in Subsidiary

BRANCHES
The principal branch location(s) are as follows:
D-U-N-S:722930690

Address:

Barangay Balagtas, Santo Tomas,
Batangas 4200 Philippines

Location Type:

OfficeGROUP
Subject is a member of The Sample Group of Companies.

PRINCIPALSCORPORATE DIRECTORSName:Marie Grace T. Vera Cruz

Nationality:

Philippines

Name:

Jesse Stefan Ho Maxwell

Nationality:

Philippines

Name:Peter Henry Oey

Nationality:

United States

EXECUTIVESName:Marie Grace T. Vera Cruz

Current Title:

Chairman

Other Current Title:

Chief Executive Officer

Name:

Jesse Stefan Ho Maxwell

Current Title:

Director

Name:Peter Henry Oey

Current Title:

Director

Name:

Adrian Benitez

Current Title:

Treasurer

Name:

Arlene M. Maneja

Current Title:

Company Secretary

Name:

Erasto Miguel Aguila

Current Title:

assistant Company Secretary

OPERATIONSLINE OF BUSINESS
General Contractors - industrial plant construction (1629-0500)
Engaged as commercial and office building contractors (1542-0100)
Engaged in construction and civil engineering (8711-0400)
Contractors - electrical work (1731-0000)
Engaged as mechanical contractor (1711-0401)

PURCHASES
Purchasing Territory
Local:

20%

International:

80%

Imports from
Finland
CanadaGermany
United States
Australia
Asia
Purchasing Terms
Local Purchase Terms:
Terms
Open Account

30 to 60 days

Import Terms:
Terms
Letter of Credit

SALES
Sales Territory
Local:
Selling Terms
Local Sales Terms:
Terms
Contract
Progress Payments

100%

CUSTOMERS
Major Customers
Name/Type

Location

SAMPLE PHILIPPINES TELECOMMUNICATIONS CORPORATION

Philippines

SAMPLE PHILIPPINES VENDOR CORPORATION

Philippines

SUPPLIERS
Duns No

Supplier NameCountry

722656220

SAMPLE PHILIPPINES ELECTRICCORPORATION

Philippines

722657913

SAMPLE PHILIPPINES DEVELOPERCORPORATION

Philippines

PAYMENTS REPORTED(Amounts may be rounded to nearest figure in prescribed ranges)
DUNS:

722656220

Date:

Mar 31, 2023

Payment record:

PromptCurrency:

Philippine Peso

Payment Terms:

30 days

DUNS:

722657913

Date:

Mar 31, 2023

Payment record:

PromptCurrency:

Philippine Peso

Payment Terms:

60 days

Last Sale:

1 monthEMPLOYEES
Employee(s) - Current
Total Employees:

800 Estimated as at May 17, 2024

ISO CERTIFICATE / TAX INCENTIVESISO Certification
Subject was awarded:

LOCATION

ISO 9001:2008 on Feb 15, 2022



CURRENT LOCATION
Size of premise:

500 square meter(s)Type of Occupation:

Owned

Location:Central business district

Premises used as:

Administrative office

REGISTERED ADDRESS
Level 27 and 28 ExquandraTower, Lot 1A, Exchange Road conrer jade Street, Ortigas Center
Pasig
Metro Manila Philippines

FORMER ADDRESS
20th Floor, JME Building
No. 8982 Ayala Avenue corner Legaspi Street, Legaspi Village
Makati
1229 Metro Manila, Philippines

24th Floor, Sample Building
No. 8888 Testing Avenue corner Example Street, Sampling Village
Makati
1229 Metro Manila, Philippines

Level 27 and 28, Exquandra Tower
Lot 1A, Exchange Road conrer jade Street, Ortigas Center
Pasig
1605 Metro Manila, Philippines

FINANCIAL INFORMATIONCOMPARATIVES
Particulars

FiscalDec 31, 2019
PHP

FiscalDec 31, 2020
PHP

FiscalDec 31, 2021
PHP

FiscalDec 31, 2022
PHP

FiscalDec 31, 2023
PHP

Current Assets

270,163,070

269,639,987

251,226,103

1,317,705,178

886,829,270

Current Liabilities

156,465,771

158,914,587

154,525,193

3,124,147,919

3,102,074,221

Working Capital

113,697,299

110,725,400

96,700,910-1,806,442,741-2,215,244,951

Other Tangible
Assets44,955,913

61,482,291

72,759,315

72,483,009

290,039,019

Non-Current
Liabilities

0

15,000,000

8,000,000

36,259,295

30,142,402

Tangible NetWorth

158,653,212

157,207,691

161,460,225-1,770,219,027-1,955,348,334

Revenue

646,483,436

544,214,450

700,959,892

1,775,523,391

2,786,437,030

Profit (Loss) After
Tax

31,990,088

1,560,227

7,355,304-13,538,953-191,308,686

Inventory

171,107,160

176,611,001

154,244,101

00Cash & Bank

20,799,037

10,803,901

12,560,032

138,528,813

93,739,650

Accounts
Receivable

76,297,616

70,634,087

62,379,721

907,512,667

411,720,480

Fixed Assets

44,955,913

61,482,291

72,759,315

21,911,735

17,249,445

Accounts Payable

75,251,445

87,983,838

91,285,866

98,022,691

96,246,446

0

0

0

73,6300Intangibles

HISTORICAL PERFORMANCE: BALANCE SHEET
3,000,000,000
2,500,000,000
2,000,000,000
1,500,000,000
1,000,000,000

PHP

500,000,000
0-500,000,000-1,000,000,000-1,500,000,000-2,000,000,000

Dec 31, 2023

Net WorthDec 31, 2022

Non-Current Liabilities

Current Liabilities

Dec 31, 2021

Fixed Assets

Current Assets

BALANCE SHEET
AssetsFiscalDec 31, 2019
PHP

FiscalDec 31, 2020
PHP

FiscalDec 31, 2021
PHP

FiscalDec 31, 2022
PHP

FiscalDec 31, 2023
PHP

Cash & Bank

20,799,037

10,803,901

12,560,032

138,528,813

93,739,650

Inventory

171,107,160

176,611,001

154,244,101

00Deposit-ShortTerm

732,350

815,860

311,99000Accounts
Receivable

76,297,616

70,634,087

62,379,721

907,512,667

411,720,480

24,409,355

76,799,045

Other Receivables

0Prepayments

789,198

476,199352,991

2,581,095

18,294,104

Deferred Taxation

437,709410,811148,16000Other Current
Assets09,888,128

21,229,108

244,673,248

286,275,991

Total Current
Assets

270,163,070

269,639,987

251,226,103

1,317,705,178

886,829,270

8,055,352

4,142,165

00Leasehold
Improvements
Plant & Equipment

041,056,716

58,016,339

64,735,128

Furniture Fixtures& Fitting036,822

24,083

Office Equipment

04,839,477

629,411

Assets inConstruction

08,980,084

12,453,786

Buildings &Buildings
Improvements

3,899,197

3,465,952

8,024,187

Total Fixed Assets

44,955,913

61,482,291

72,759,315

21,911,735

17,249,445

0

0

0

0

0

Total
Investments
Long-Term
Deposits

0

4,700,000

342,400

Other Assets

045,871,274

45,575,193

Deferred Taxation
Total Other
Assets226,871,981
000SoftwareTotal Intangibles

50,571,274

272,789,574

73,63000073,6300

TOTAL ASSETS

315,118,983

331,122,278

323,985,418

1,390,261,817

1,176,868,289

Liabilities

FiscalDec 31, 2019
PHP

FiscalDec 31, 2020
PHP

FiscalDec 31, 2021
PHP

FiscalDec 31, 2022
PHP

FiscalDec 31, 2023
PHP

75,251,445

87,983,838

91,285,866

98,022,691

96,246,446

541,398,586

786,000,808

40,947,056

0820,900

724,424

Accounts Payable
Other Payables /Accruals
Provision Income
Tax0
1,791,711

Lease Liabilities

296,662

859,605

0

Deferred Income

76,297,615

70,634,087

62,379,722

0

0Other Current
Liabilities

3,125,000

0034,699,335

19,094,298

2,408,259,351

2,200,008,245

3,124,147,919

3,102,074,221

Due to Related
Parties
Total Current
Liabilities

156,465,771

158,914,587

154,525,193

Deferred Taxation

00

2,035,250

Provident &Pensions

0

32,097,594

25,341,900

Lease Liabilities

04,161,701

2,765,252

Other Non-Current
Liabilities

0

15,000,000

8,000,000

00Total NonCurrent
Liabilities

0

15,000,000

8,000,000

36,259,295

30,142,402

TOTAL
LIABILITIES

156,465,771

173,914,587

162,525,193

3,160,407,214

3,132,216,623

Capital49,750,000

49,750,000

49,750,000

37,456,000

37,456,000

Share Premium

18,000,000

18,000,000

18,000,000

00Retained Earnings(Loss)

90,903,212

89,457,691

93,710,225-1,807,601,397-1,998,910,084

Remeasurement
gains/loss

6,105,750

TOTAL EQUITY

158,653,212

157,207,691

161,460,225-1,770,145,397-1,955,348,334

TOTAL
LIABILITIES &EQUITY

315,118,983

331,122,278

323,985,418

1,390,261,817

1,176,868,289

HISTORICAL PERFORMANCE: PROFIT & LOSS

2,500,000,000

2,000,000,000

1,500,000,000

PHP
1,000,000,000

500,000,000

0

Dec 31, 2023

Net Profit (Loss)

Gross Profit

Dec 31, 2022

Dec 31, 2021

Revenue

PROFIT & LOSS
Particulars

FiscalDec 31, 201912 Month(s)PHPFiscalDec 31, 2020
12 Month(s)PHPFiscalDec 31, 2021
12 Month(s)PHPFiscalDec 31, 2022
12 Month(s)PHPFiscalDec 31, 2023
12 Month(s)PHP

Revenue

646,483,436

544,214,450

700,959,892

1,775,523,391

2,786,437,030

Less: Cost of Sales-544,097,584-488,303,550-622,699,747-1,352,357,395-1,898,239,775

Gross Profit(Loss)

102,385,852

55,910,900

78,260,145

423,165,996

888,197,255

Total General
Expenditure-45,568,995-42,119,335-54,472,999-493,209,482-1,407,551,746

Net Operating
Profit (Loss)
Before Taxation

56,816,857

13,791,565

23,787,146-70,043,486-519,354,491

114,139,843

172,775,591-16,688,254-12,223,650

Other NonOperating Income
Depreciation &Interest

0-11,116,731-11,632,632-13,980,074

Net Profit (Loss)
Before Taxation

45,700,126

2,158,933

9,807,072

27,408,103-358,802,550

Income Tax-13,710,038-598,706-2,451,768-40,947,056

167,493,864

Net Profit(Loss)after Tax

31,990,088

1,560,227

7,355,304-13,538,953-191,308,686

Net Profit (Loss)
After Taxation &Extraordinary
Items

31,990,088

1,560,227

7,355,304-13,538,953-191,308,686

Prior Year
Adjustments-3,097,359-3,005,748-3,102,77000Plus (Minus)
Retained Earnings
b/forward

62,010,483

90,903,212

89,457,691-1,794,062,444-1,807,601,398

Retained
Earnings (Loss)c/forward

90,903,212

89,457,691

93,710,225-1,807,601,397-1,998,910,084

Accounts are audited by Constantino and Partners.
Accounts qualified by auditor: No.

LIQUIDITY RATIOS
1.6

1.4

1.2

1.0

0.8

0.6

0.4

0.2

0.0

Current Ratio

Dec 31, 2023

PROFITABILITY RATIOS

Dec 31, 2022

Dec 31, 2021

Quick Ratio

5

0

-5

-10

-15

-20
Profit Margin

Dec 31, 2023

Dec 31, 2022

Return on Assets

Return on Net WorthDec 31, 2021

DEBT RATIOS
100

50

0

-50

-100

-150

-200

Short Term Debt to Net WorthDec 31, 2023

EFFICIENCY RATIOS

Dec 31, 2022

Dec 31, 2021

Total Debt to Net Worth Ratio

180

160

140

120

100

80

60

40

20

0
Collection Period

Dec 31, 2023

Assets to Sales

Dec 31, 2022

Sales to Inventory

Fixed Assets to Net WorthDec 31, 2021

RATIOS
Particulars

Dec 31, 2019

Dec 31, 2020

Dec 31, 2021

Dec 31, 2022

Dec 31, 2023

Profit Margin (%)

4.95

0.29

1.05

-0.76

-6.87

Return on Assets
(%)

10.15

0.47

2.27

-0.97

-16.26Return on Net
Worth (%)

20.16

0.99

4.56

0.76

9.78

Current Ratio

1.73

1.70

1.63

0.42

0.29

Quick Ratio

0.62

0.51

0.48

0.33

0.16

Collection Period(days)

42

47

32

184

53

Asset to Sales (%)

48.74

60.84

46.22

78.30

42.24

Sales to Inventory(times)

4

3

5

0

0

Fixed Assets to Net
Worth (%)

28.34

39.11

45.06

-1.24

-0.88

Short Term Debt
to Net Worth (%)

98.62

101.0995.70-176.48-158.65

Short Term Debt
to Inventory (%)

91.44

89.98

100.180.00

0.00

Total Debt to Net
Worth (%)

98.62

110.63100.66-178.53-160.19

PROFITABILITYRATIOSLIQUIDITY RATIOSEFFICIENCYRATIOSINDEBTEDNESSRATIOSPARTIAL ESTIMATES
Balance Sheet
AssetsDec 31, 2018
PHP

Stock

117,870,362

Cash

16,252,043

Other Current Assets

314,454,361

Total Current Assets

448,576,766

Total Fixed Assets

248,771,230

Total Investments

21,882,900

Total Other Assets

75,225,994

TOTAL ASSETS

794,456,890

Liabilities

Dec 31, 2018
PHP

Other Current Liabilities

523,019,328

Total Current Liabilities

523,019,328

Non-Current Liabilities

47,779,641

TOTAL LIABILITIES

570,798,969

Issued Capital

247,969,210

Retained Earnings (Loss) b/f

37,471,418

Net Worth

285,440,628

Full Balance Sheet submitted did not balance.
Profit & Loss
Dec 31, 201812 Month(s)PHPSales / Income

936,620,413

Gross Profit (Loss)

184,844,774

Net Operating Profit (Loss) Before Tax

184,844,774

Net Profit(Loss) before Tax

7,656,796

Net Profit(Loss) after Tax

2,744,773

CONCLUSIONFINANCIAL COMMENTARY
Sales was on an uptrend, attributed to the following reasons:increased market demand
Net Profit trend was Down, due to the following reasons:increase in selling/administrative costsNet Worth was on a downtrend, due to:lower retained earnings as a result of recent losses

NEWS



Sep 13, 2022
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Rebuilding the PH construction industry
AFTER two tumultuous years of a slowdown in construction projects, the Philippine construction industry is making a rapid
recovery to make up for lost time.
Experiencing a record-high growth rate in 2021, bolstered by public spending on major infrastructure projects, the Philippine
construction industry is expected to continue on an uptrend in 2022.
With construction being prioritized as a pillar of economic recovery, the local government has alsoallocated 28.1 percent of its
fiscal year 2022 total budget to the Department of Public Works and Highways. The Build, Build, Build program also received a
new lease on life, with the new administration vowing to continue the country's ambitious infrastructure program.
The positive news and developments have made their rounds across the construction industry, and the optimistic outlook can be
felt from the ground up. In Procore's recently released "How We Build Now — Tracking Technology in Asia Pacific Construction" in
2022 benchmark report, about 98 percent of Filipino respondents expressed confidence about industry conditions over the next
12 months.
The Philippines is in a unique position to lead the pack when it comes to laying a digital foundation in construction. In fact, thecountry has shown itself to be a frontrunner on the digital maturity curve. Of all five markets surveyed in the report, thePhilippines stands out for its optimism and rapid technology adoption — a winning formula for future success.
With strong governmental support, increased funding and investment into the local construction industry, there seems to be no
stopping the upward trajectory. Though, despite the bright future ahead for the Philippines construction industry, there remainsome dark clouds on the horizon.
Caution! Work in progress
High material costs and equipment, the labor shortage and an increasing number of safety incidents continue to plague theconstruction industry.
The cost of construction materials has soared to their highest level in the last 13 years. The high demand for workers remains,with nearly 6,000 construction workers falling out of work as a result of temporary closures and retrenchments following the
pandemic. This past July, a rise in the number of workplace accidents in the country also prompted the House of Representatives
to implement measures to criminalize violations of occupational safety and health standards.

APPENDICESCUSTOMER SERVICE
Should you require any further information or have any questions, please contact your local Customer Service Center.
Philippines subscribers please contact:
CRIF D-B Philippines, Inc.
7th Floor Grepalife Building, 221 Sen. Gil Puyat Avenue

Makati City 1200,
Metro Manila, Philippines
Tel. No: +63 (2) 8801-9397
Email Address: custcare.ph@crif.com
Inquiries should always contain the below minimum details:
Full Company Name
Full Headquarters Address
Telephone Number
Business Identification Number
Contact Name
Reference
Order Date
The information in this report was last updated on Jul 23, 2024

D&B RATING GLOSSARY
The following ratings are available for businesses in Philippines:
D&B Rating - The D&B® Rating in Philippines consists of 2 parts, the Financial Strength Indicator and the Risk Indicator. The
Financial Strength Indicator is based on either Net Worth of a current balance sheet or Issued Capital. Risk Indicator is used inconjunction with the Financial Strength Indicator. The Risk Indicator reflects D&B's opinion of the risk associated with trading witha specific business. The table below contains the values for the D&B Rating in Philippines.
Financial Strength Indicator
Financial Strength Indicator

Range
Figures in Philippine Peso

Net Worth

Capital

From

To

5A

5AA

1,065,000,000

and greater

4A

4AA

213,000,000

1,064,999,999

3A

3AA

31,950,000

212,999,999

2A

2AA

15,975,000

31,949,999

1A

1AA

7,988,000

15,974,999

AAA

4,004,000

7,987,999

BBB

2,002,000

4,003,999

CCC

1,001,000

2,001,999

DDD

511,000

1,000,999

E

EE

256,000

510,999

FFF

128,000

255,999

G

GG

65,000127,999H

HH

064,999Alternate Ratings UsedNQ

Out of Business: Business has ceased to trade

NB

New Business: Less than 24 months

O

Financial Strength is undisclosed; or Assigned to companies
that do not request credit in their normal activities (Bank,
Brokerages, Insurance Co., Associations, Government, etc..)

N

Negative Net WorthFB

Foreign Branch

BR

Domestic Branch

DS

Assigned to records that require investigation before a rating
can be assigned.

Risk Indicator

Condition

Credit Risk

Interpretation

1

StrongMinimal risk

Proceed with transaction offer extended terms if
required2

Good

Low Risk

Proceed with transaction

3

Fair

Slightly greater than average
risk

Proceed with transaction but
monitor closely

4

LimitedSignificant level of risk

Review each case before
extending credit and obtain
more information. Takesuitable assurances before
extending credit, guarantees
may be needed-

Undetermined

Undetermined Risk

Insufficient information toassign a Rating

CONFIDENTIALITY
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SUBSCRIPTION CONTRACT AND IS NOT TO BE DISCLOSED.
This report is forwarded to the Subscriber in strict confidence for the use by the Subscriber as one
factor to consider in connection with credit and other business decisions. This report contains
information compiled from information which Dun & Bradstreet does not control and which has notbeen verified unless otherwise indicated in this report. Dun & Bradstreet therefore cannot accept
responsibility for the accuracy, completeness or timeliness of the report. Dun & Bradstreet disclaims all
liability for any loss or damage arising out of or in anyway related to the contents of this report. This
material is confidential and proprietary to Dun & Bradstreet and/or third parties and may not be
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COPYRIGHT 2024 DUN & BRADSTREET. THIS REPORT MAY NOT BE REPRODUCED IN WHOLE OR IN PART IN ANY FORM OR
MANNER WHATSOEVER.

END OF REPORT