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  • Financial Documents For Eligibilty Check: NFCC P - P 6,451,750.00 - 88,500.00 X 10 NFCC P 63,632,500.00

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    This document provides financial documents for a supplier's eligibility check. It includes a summary of the supplier's assets and liabilities from an income tax return and audited financial statement for 2019, showing total assets of 16.9 million pesos and net worth of 16.8 million pesos. It also calculates the supplier's net financial contracting capacity at 63.6 million pesos based on current assets and liabilities. Certified financial documents and a cash deposit certificate or letter of credit are attached.

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    This document provides financial documents for a supplier's eligibility check. It includes a summary of the supplier's assets and liabilities from an income tax return and audited financial statement for 2019, showing total assets of 16.9 million pesos and net worth of 16.8 million pesos. It also calculates the supplier's net financial contracting capacity at 63.6 million pesos based on current assets and liabilities. Certified financial documents and a cash deposit certificate or letter of credit are attached.

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    181 views1 page

    Financial Documents For Eligibilty Check: NFCC P - P 6,451,750.00 - 88,500.00 X 10 NFCC P 63,632,500.00

    Uploaded by

    aldred pera
    This document provides financial documents for a supplier's eligibility check. It includes a summary of the supplier's assets and liabilities from an income tax return and audited financial statement for 2019, showing total assets of 16.9 million pesos and net worth of 16.8 million pesos. It also calculates the supplier's net financial contracting capacity at 63.6 million pesos based on current assets and liabilities. Certified financial documents and a cash deposit certificate or letter of credit are attached.

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    © All Rights Reserved
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    of 1

    FINANCIAL DOCUMENTS FOR ELIGIBILTY CHECK

    A. Summary of the Applicant Supplier’s/Distributor’s/Manufacturer’s assets and


    liabilities on the basis of the attached income tax return and audited financial
    statement, stamped “RECEIVED” by the Bureau of Internal Revenue or BIR
    authorized collecting agent, for the immediately preceding year and a certified
    copy of Schedule of Fixed Assets particularly the list of construction equipment.

    Year 2019
    1. Total Assets P 16,951,750.00
    2. Currents Assets P 6,451,750.00
    3. Total Liabilities P 88,500.00
    4. Current Liabilities P 88,500.00
    5. Net Worth (1-3) P 16,863,250.00
    6. Net Working Capital (2-4) P 6,363,250.00

    B. The Net Financial Contracting Capacity (NFCC) based on the above data is
    computed as follows:
    NFCC = K (current asset – current liabilities) minus value of all outstanding
    works under ongoing contacts including awarded contracts yet to be started

    NFCC = P - P 6,451,750.00 - 88,500.00 x 10

    NFCC = P 63,632,500.00

    K – 10 for a contract duration of one year or less, 15 for more than one year up to
    two years and 20 for more than two years
    or
    Commitment from a licensed bank to extend to it a credit line if awarded the
    contract or a cash deposit certificate in the amount of at least 10% of the proposed
    project to bid.

    Herewith attached are certified true copies of the income tax return and audited financial
    statement: stamped “RECEIVED” by the BIR or BIR authorized collecting agent for the
    immediately preceding year and the cash deposit certificate or certificate of commitment
    from a licensed bank to extend a credit line.

    Submitted by:

    ALEX E. AZUR
    Proprietor

    STORM CONSTRUCITON
    Name of Company

    Certified by:

    TERESITA R. CABANLONG
    CPA License No. 51355
    TIN: 105-809-858-000
    BOA Accreditation No. 1046 Issued September 23, 2018 until September 22, 2021
    BIR A.N. 05-002173-001-2016 Issued November 18, 2018 until November 17, 2021
    PTR. No.1151804 January 15, 2020 Bocaue, Bulacan

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