INTRO and SignificantTransactions
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Transcript of INTRO and SignificantTransactions
I. INTRODUCTION
This research is centered on one of the most prominent companies in the
Philippines, RFM Corporation. This will show the financial data of the company from the
year 2010 to 2014. The purpose of this research is to show the comparison between the
financial data for each year compared to the other years. This research is useful to
analyze the financial performance, structure and other relevant financial information that
may be useful to investors and creditors.
RFM Corporation was established 50 years ago as the first company in flour-
milling industry in the Asian region and it developed from a single company producing
bags of flour, to a multi-company enterprise handling a chain of branded products that
are highly visible in the consumer market today.
Acquisitions and licensing agreements in various partnerships have boosted
RFM’s strong market presence and successful brand building efforts throughout the
years. It is expected a gain in consumer patronage as it continues to give the Filipino
consumer a choice to buy a world-class products at affordable prices. In entering the
highly competitive and dynamic world market, RFM Corporation maintains the same
commitment with regards in the value of money.
The mission of the corporation is to produce and market better value branded
food and beverage products for the greater mass of Filipino consumers everywhere in
the country. Its vision is to be the Philippine market leader in affordable-quality food and
beverage products.
The driving forces that direct RFM’s recognized success are the product
excellence, aggressive marketing, keen management and good governance in a
business.
Significant Transactions:
In the regular course of business, transaction with related parties, which may consist but
not limited to the purchase of goods and services, cash advances for working capital purposes,
lease of the company’s main office from a subsidiary company, the parent company provides
management services to RFM Insurance Brokerage, Inc. and Interbake Commissary
Corporation, and distribution of sale and merchandising of RFM Group products.
The Company and its subsidiaries have no transaction involving a director, executive
officer, or stockholder, nor members of their immediate family, who owns ten percent (10%) or
more of total outstanding shares of the Company that are not in the ordinary course of the
business of the Company.