Banayo admitted that the NFA had problems checking on the status and qualifications of the cooperatives.

Banayo also admitted that he entertained doubts about the genuineness of some of the farmers cooperatives as they were bidding too high, considering that the private sector needed to pay tariffs and taxes amounting to millions of pesos for the importations.
Govt rice imports to end smuggling, Philippine Daily Inquirer, September 16, 2012
1

LUZON Importers

Entity

Service Fee Paid (in pesos)

Financial Condition (in pesos)

1 King Casey Trading

69,600,000

22,309,488.22 Available bank deposit as of March 13, 2012 (no financial docs on file) 51,000
capital gross sales, 2012 Permit to Operate [Pasay]

2 Loui London Trading 3 St. Andrews Field Grains and Cereals Trading

68,600,000 65,000,000

4 Wish Granted Ent

64,200,000

258,089.37
Total assets as of December 31, 2011

5 Montevallo Ent 6 Formosa MPC

63,200,000 61,600,000

(no financial docs on file) (no financial docs on file) 3

Entity
7 Riverview MPC 8 Ugnayang Magsasaka sa Kaunlaran MPC

Service Fee Paid (in pesos) 60,600,000 59,600,000

Financial Condition (in pesos) (no financial docs on file) 1,376,000 Authorized share capital (March 2003) (no financial docs on file) 17,986.80 Vatable Sales for January 2012 (no financial docs on file) 4

9 GPI San Miguel MPC 10 St. Dominique Rice and Food Stuff Ent

59,400,000 57,800,000

11 Pure Country Trading

56,600,000

VISAYAS/MINDANAO Importers

Entity

Service Fee Paid (in pesos)

Financial Condition (in pesos)

1 Chon Buri Trading

67,800,000

(no financial docs on file) (no financial docs on file) 23,611,400.98 bank certification (China Bank)

2 Mahindra Rice and Food Trading 3 Nemic Fusion Rice and Grains Ent

65,600,000

62,200,000

216,396.31 Total assets as of December 2011

4 West Point Rice and Cereals Ent 58,400,000 269,535.80 Total assets as of December 2011

Entity

Service Fee Paid (in pesos)

Financial Condition (in pesos)

5 Jaded Ranch Grains and Cereals Trading 6 Red Mountain Grain and Cereal Dealer

57,000,000

(no financial docs on file) (no financial docs on file)

55,600,000

7 Sitio Muzon Farmers MPC

54,400,000

400,000 Authorized capital (December 2008) (no financial docs on file)

8 Sta. Cecilia MPC

53,600,000

Sole Proprietorships
Entity Owner Age Service Fee Paid Financial Standing

St. Andrews

Magdangal Diego Bayani

27

65 million

51,000
capital gross sales, 2012 Permit to Operate [Pasay]

Pure Country Mahindra Rice West Point

Jason Colocado Jeffrey Daradal Jenny Reyes

29 28 26

56,600,000 65,600,000 58,400,000

[no financial docs on file] [no financial docs on file]

269,535.80 Total assets as of

December 2011

Chon Buri Loui London

Efren John Frac Mary Joyce Lim

22 22

67,800,000 68,600,000

[no financial docs on file] [no financial docs on file]

Entities with Managers Checks for Bid Security and Service Fee ALL issued by BDO-Ortigas Avenue SJ
Entity Ugnayang Magsasaka sa Kaunlaran MPC Sitio Muzon Farmers MPC Location Luzon Pinambaran, San Miguel, Bulacan

VisMin #133 Sitio Muzon, San Ildefonso, Bulacan VisMin San Ildefonso, Bulacan

Sta. Cecilia MPC

Entities with Managers Checks for Bid Security and Service Fee ALL issued by China Bank-Tutuban
Entity Zwings Grain and Rice Ent Location Luzon

Wish Granted Lexant Intl Trading

Luzon Luzon

10

Same Date for NBI Clearance and DTI Registration?

Entity Location Date of DTI Registration NBI Clearance

Montevallo Ent

Quezon City

September 21, 2011 September 21, 2011 September 21, 2011

January 6, 2012

Pure Country Trading Loui London Trading

Caloocan City

January 6, 2012

Manila

January 6, 2012

11

Same NBI Clearance Date?

Entity St Dominique Nemic Fusion
Wish Granted St Andrews Montevallo Ent Loui London

Location Manila Caloocan

Manila Pasay Quezon City Manila

NBI Clearance Date Jan. 6, 2012 Jan. 6, 2012

Jan. 6, 2012 Jan. 6, 2012 Jan. 6, 2012 Jan. 6, 2012

NBI Reference Number 547 5744 547 5746

547 5757 547 5759 547 5761 547 5762

Jaded Ranch
Chon buri Red Mountain Mahindra Rice

Navotas
Caloocan Malabon Manila

Jan. 6, 2012
Jan. 6, 2012 Jan. 6, 2012 Jan. 6, 2012

547 5765
547 5769 547 5773 547 5775

INVITATION TO BID: MARCH 12, 2012 12

Same Attorney-in-Fact??
Entity Location Attorney-in-fact

Nemic Fusion Rice and Grains Ent

West Point Rice and Cereals Ent St. Dominique Rice and Food Stuff Ent

Caloocan City

Eugene Pioquinto

Cagayan de Oro

Eugene Pioquinto

San Nicolas, Manila

Eugene Pioquinto

13

Same Supplier? Vietnam Southern Food Corporation

Entities Formosa MPC Siitio Muzon MPC
Mahindra Rice St Dominique Wish Granted King Casey Trading

VSFC Certification all issued ONE DAY after publication of Invitation to Bid

Date of Invitation to Bid: March 12, 2012

Individual Certification from VSFC: March 13, 2012

Montevallo Enterprises
Riverview Multipurpose Cooperative

Red Mountain
West Point Rice 14

Initial Findings
1.

Financial conditions of winning bidders indicate that they are highly incapable of paying service fees ranging from 50-69 million pesos. Groups of winning bidders transacted with the same banks. Different winning bidders surprisingly registered with the DTI on the same date. Several winning bidders got their NBI clearances also on the same date. A lot of winning bidders have the same supplier that issued certifications to supply them with rice just a day after the Invitation to Bid was published. A group of bidders all appointed one person as their representative.

2. 3.

4.

5.

6.

15

Banayo admitted that the NFA had problems checking on the status and qualifications of the cooperatives.

Banayo also admitted that he entertained doubts about the genuineness of some of the farmers cooperatives as they were bidding too high, considering that the private sector needed to pay tariffs and taxes amounting to millions of pesos for the importations.
Govt rice imports to end smuggling, Philippine Daily Inquirer, September 16, 2012
16

WISH GRANTED ENTERPRISE 2447 D. Simeon de Jesus St., San Rafael Village Tondo, Manila

18

St. Dominique Rice & Food Stuffs Enterprises Third Floor, Room 304-B, Geodisco Mansion 447 Elcano St. Brgy 282, Zone 26, San Nicolas, Manila

18