Securities and Exchange Commission(SEC)

Good day! I would like to request information regarding the 2020 Average Industry of Financial Ratios for the Food Industry in the Philippines. 

The said information will be used for our case analysis of SWIFT Foods Inc. as part of our requirements in our course, Financial Management for Academic Year 2021-2022, Second Sem. The average industry financial ratios will be used to compare with the mentioned company's 2020 performance. I would also like to add that SWIFT Foods belongs to the Industrial sector and the subsector is Food, Beverage & Tobacco. Thank you very much!

March 16, 2022

Dear Laine,

Thank you for your request dated Mar 15, 2022 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Philippine Food Sector 2020 Industry Average of Financial Ratios.

We received your request on Mar 15, 2022 and will respond on or before Apr 05, 2022 04:41:35 PM, in accordance with the Executive Order's implementing rules and regulations.

Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at http://efoi-ph.appspot.com/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy01MTA4ODkyMjI0NzYM, for request with ticket number #SEC-510889222476.

Thank you.

Respectfully,

Isma Gonzales
FOI Officer

March 31, 2022

Dear Laine Bonador,

Greetings!

Thank you for your request dated Mar 15, 2022 04:41:35 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your request

You asked for the 2020 Average Industry of Financial Ratios for the Food Industry in the Philippines.

Response to your request

While our aim is to provide information whenever possible, in this instance this Office does not have the information you have requested. Our processed data is limited to the Top 1000 Corporations ranked by Gross Revenue (GR).  As such, not all industry players are covered therein.  For information on the related fees and procedures for Top Corporations, you may coordinate with Ms. Ma. Theresa M. Bersabal through email address [email protected] or telephone number 8818-6117.

For average industry financial ratios, the same may be obtained from independent research based on the Audited Financial Statement (AFS) filed with the SEC, which may be requested subject to applicable fees.  To request for copies of company documents filed with the SEC, you may visit https://secexpress.ph/application-form or contact hotline number (02) 8737-8888 to discuss the details of your request and obtain information on the related fees and procedures. All documents requested through this system will be delivered within five to seven days from confirmation of payment. The list of SEC fees may be found at https://secexpress.ph/service-fees. 

Regarding SWIFT FOODS INC, the topic of your case analysis, please note that the industry classification of SWIFT FOODS INC. (SEC Registration No. AS94005066) in our company registration is 15120-Production, processing and preserving of meat and meat products [https://psa.gov.ph/content/philippine-standard-industrial-classification-psic].

Your right to request a review

If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to Chairperson Emilio B. Aquino through e-mail address [email protected]. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.

If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).

Thank you.

Respectfully,
Rose Ann Espiritu
FOI Officer