January 03, 2019

Proposed ORC incentive for 2019 for CMO

PAGSASANAY SA TAGUMPAY

    How to meet the shortfall of P66 million of cap ex:

    Options:

    1   Do nothing and not finish the planned cap ex of:   Calamba construction, the Malasiqui construction, crematorium, ash crypts and body crypts.

    2.  Borrow P66 million at say 18% interest per annum:

                      P66,000,000  x 18%  =  11,880,000/12  =  P990,000/month

                      P66,000,000 x   12% =   7,920,000/12  =   P660,000/month

   3.  Offer ORC to cover shortfall

   It is anticipated that this is motivating....

   Fairness and prompt implementation of this is enjoined

                          Based on NCR  Proposed ORC
                                 1.5%                1.75                2.0            2.25             2.5             2.75
1.  Hamp  P24M  +6      2.5M             3.0M          3.5M          4.0M           4.5M       5.0M
                                       P37,500       P52,500      P70,000     P90,000     P112,500   P137,500

2.  La Union P30 + 4     2.8M*           3.3M         3.8M          4.3M            4.8M        5.3M               
                                       P42,000      P57,750      P76,000     P96,750      P120,000   P145,750

3.  Pangasinan 55 + 10   5.4M*          5.9M         6.4M          6.9M            7.4M         7.9M
                                       P81,000      P103,250    P128,000   P155,250    P185,000     P217,250

4.  Malasiqui    20 + 5    2.1M            2.6M         3.1M          3.6M            4.1M         4.6M
                                       P31,500      P45,500      P62,000     P81,000      P102,500     P126,500

5.  HGGMP     60  + 20  6.6M           7.1M          7.6M          8.1M            8.6M         9.1M
                                        P99,000     P124,250    P152,000   P182,250    P215,000    P250,250

6.  Calapan      15  + 5    1.6M          2.1M          2.6M          3.1M            3.6M          4.1M
                                        P24,000     P36,750      P52,000     P69,750      P90,000       P112,750

7.  Oton          35  + 10   3.8M           4.3M         4.8M          5.3M            5.8M          6.3M
                                        P57,000     P75,250     P96,000      P119,250    P145,000     P173,250

                               P239,000.00 vs P660,000    1.75 3FFB (.25%) total on the 2nd column

                       P239  +  60M                                28.3M = 70,750 (3FFB)

                      P299,000,000

 1.75 3FFB (.25%) total on the 2nd column (P28,300,000)  =   70,750.00!


1*Malasiqui, Pangasinan, and La Union gets only 50% ORC

2.   Provided marketing plan is completed by 1/3/2019.

3.  No pending all; deliverable delivered.

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