FOR THE YEAR DECEMBER 31, 2012
A.

B.
C.

D.
E.

Name of Cooperative (as of latest amendment, if
any): PANGASINAN III ELECTRIC
COOPERATIVE
Cooperative Id...
F. NON-FINANCIAL COMPONENT
F.1 Organizational Aspect
F.1.1 Leadership
QUESTIONS

(24 points)
Standard
Points

Earned
Point...
e. Financial Literacy

f. Succession Planning
f.1 Is the policy on
succession plan at key
levels of the organization
formu...
F.1.2 Human Resource and Management (13 points)
a. Function, Duties and
Responsibilities

3

3

b. Personnel Policy

2

2
...
d. Compensation and
Benefits

3

3

e. Ethics

2

2

Subscription
Schedule vis-à-vis
Registry of Members

1

0

Schedule o...
F.1.4 Structure

(4 points)

a. Organizational Structure

2
2

2
2

a. Maintenance of Book of Accounts

2

2

b. Manuals

...
e. Statutory Fund
e.1 Are the following
statutory funds funded?
(Reserved Fund, Education and
Training, Operational Fund a...
F.3 Economic Aspect
F.3.1 Adequacy of Internal Control (22 points)
g. Is the program
on job rotation
practiced?

Job Rotat...
SUMMARY




Organizational Aspect
Social Aspect
Economic Aspect

62
4
19

Total of Non-Financial Aspect 85

74
4
22
100
G. FINANCIAL COMPONENT
G.2.1 PROFITABILITY PERFORMANCE

(25 points)

1. Profitability Ratio

1

2. Earning per Share Ratio...
G.2.2 INSTITUTIONAL STRENGHT

(20 points)

1. Net Institutional Capital
2. Adequacy of Provisioning ( more than 1 yr.)

3....
G.2.4 OPERATIONAL STRENGHT (STAYING
POWER) (30 points)
1. Volume of Business to Total Assets

5

2. Solvency

5

3. Liquid...
SUMMARY
Profitability Performance
 Institutional Strength
 Structure of Assets
 Operational Strength


TOTAL FINANCIAL...
H. RATING SYSTEM

TO GET THE SCORE
NON-FINANCIAL : 100 X 35% = 35%
FINANCIAL
: 100 X 65% = 65%
GARNERED POINTS

MULTIPLIER...
ADJECTIVAL
RATING
Excellent
Performance

MEDIUM AND
LARGE

SMALL

MICRO

91 – 100%

81 – 100%

75 – 100%

71 – 80%

61 – 7...
SOCIAL AUDIT RATINGS
AREAS OF CONSIDERATION

MAXIMUM
POINTS

COOPERATIV
E POINTS

ORGANIZATION

15

15

MEMBERSHIP

35

26...
II. Performance Audit
1. Organizational Aspect
2. Social Aspect
3. Economic Aspect
3.a Adequacy of Internal Control
3.b Fi...
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Performance Report of PANELCO III

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DM 214 and ME 217 PSU 1st Sem 2013

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Performance Report of PANELCO III

  1. 1. FOR THE YEAR DECEMBER 31, 2012
  2. 2. A. B. C. D. E. Name of Cooperative (as of latest amendment, if any): PANGASINAN III ELECTRIC COOPERATIVE Cooperative Identification Number (CIN): 003011115 Registration Number: 9520-01008918 Actual Principal Address: NANCAYASAN, URDANETA CITY, PANGASINAN Type of Cooperative: ELECTRIC COOPERATIVE
  3. 3. F. NON-FINANCIAL COMPONENT F.1 Organizational Aspect F.1.1 Leadership QUESTIONS (24 points) Standard Points Earned Points a. Functions, Duties and Responsibilities 9 9 b. Qualifications and Disqualifications 2 2 c. Composition 1 1 d. Continuing Education and Training 4 4 Means of Verification
  4. 4. e. Financial Literacy f. Succession Planning f.1 Is the policy on succession plan at key levels of the organization formulated? Succession Plan/Manual of Operations/ Development Plans f.2 Is the succession Training plan embedded in the Program vis-àtraining program? vis Succession Plan f.3 Are volunteers or Succession future leaders included in Plan provision the coop succession plan? on volunteers g. Ethics 3 3 1 3 0 0 1 0 1 0 2 2
  5. 5. F.1.2 Human Resource and Management (13 points) a. Function, Duties and Responsibilities 3 3 b. Personnel Policy 2 2 c. Staff Development and Career Pathing 3 1 c.1 Is the Performance performance appraisal Appraisal of every conducted at least once staff a year? 1 0 c.2 Is the performance gap analysis conducted and acted upon regularly? 1 0 Result of Gap Analysis per performance appraisal made
  6. 6. d. Compensation and Benefits 3 3 e. Ethics 2 2 Subscription Schedule vis-à-vis Registry of Members 1 0 Schedule of penalty imposed for unpaid subscription or any similar documents 1 0 F.1.3 Members (11 points) a. Capitalization a.3 Are continuous subscription required to all members if the authorized capital is not fully paid and 10% limit is not yet reach? a.2 Are penalties for unpaid subscription imposed to members?
  7. 7. F.1.4 Structure (4 points) a. Organizational Structure 2 2 2 2 a. Maintenance of Book of Accounts 2 2 b. Manuals 6 6 c. Business Operation 2 2 d. Compliance to Government Requirement 7 7 b. Operational Structure F.1.5 System and Mechanism (22 pts.)
  8. 8. e. Statutory Fund e.1 Are the following statutory funds funded? (Reserved Fund, Education and Training, Operational Fund and Community Development Fund) Passbook/Investment Certificate/FS (other funds or deposits) or any instrument declaring deposits as funding the reserves f. Retirement Fund F.2 Social Aspect (4 points) 4 1 0 0 1 1
  9. 9. F.3 Economic Aspect F.3.1 Adequacy of Internal Control (22 points) g. Is the program on job rotation practiced? Job Rotation Program or any documents that would assail that it s being practiced 1 0 h. Is joint custody implemented? Requirement of the presence and direct observation of a second person in the performance. Both persons shall be equally accountable for the physical protection of the items and records involved 1 0 i. Is dual control implemented? The work of one person is to be verified by a second person to ensure that the transaction is properly authorized, recorded ad settled 1 0
  10. 10. SUMMARY    Organizational Aspect Social Aspect Economic Aspect 62 4 19 Total of Non-Financial Aspect 85 74 4 22 100
  11. 11. G. FINANCIAL COMPONENT G.2.1 PROFITABILITY PERFORMANCE (25 points) 1. Profitability Ratio 1 2. Earning per Share Ratio 1 3. Profitability Growth Rate 0 4. Asset Efficiency Rate 1 5. Rate of Interest on Share Capital 4
  12. 12. G.2.2 INSTITUTIONAL STRENGHT (20 points) 1. Net Institutional Capital 2. Adequacy of Provisioning ( more than 1 yr.) 3. Adequacy of Provisioning ( 31 days to 1 yr.) 6 7 7 G.2.3 STRUCTURE OF ASSETS(25 points) 1. Percentage of Non-Earning Assets to Total Assets 2. Members’ Equity to Total Assets 3. Deposit Liabilities to Total Assets 4. External Borrowings 5. Receivables to Total Assets 5 1 3 4 1
  13. 13. G.2.4 OPERATIONAL STRENGHT (STAYING POWER) (30 points) 1. Volume of Business to Total Assets 5 2. Solvency 5 3. Liquidity 5 4. Cost per Volume of Business 5 5. Administrative Efficiency 5 6. Turn-Over Ratio (note: Get the Average 5
  14. 14. SUMMARY Profitability Performance  Institutional Strength  Structure of Assets  Operational Strength  TOTAL FINANCIAL COMPONENT 7 20 14 30 71 25 20 25 30 100
  15. 15. H. RATING SYSTEM TO GET THE SCORE NON-FINANCIAL : 100 X 35% = 35% FINANCIAL : 100 X 65% = 65% GARNERED POINTS MULTIPLIER RATING NON-FINANCIAL 35% 29.75 FINANCIAL 65% 46.15 TOTAL 100 75.90
  16. 16. ADJECTIVAL RATING Excellent Performance MEDIUM AND LARGE SMALL MICRO 91 – 100% 81 – 100% 75 – 100% 71 – 80% 61 – 74% 61 – 70 % 51 – 60% 51 – 60% 41 – 50% 50 % and below 40% and below Very Satisfactory 81 – 90% Performance Satisfactory 71 – 80% Performance Fair 61 – 70% Performance Needs 60 % and below Improvement
  17. 17. SOCIAL AUDIT RATINGS AREAS OF CONSIDERATION MAXIMUM POINTS COOPERATIV E POINTS ORGANIZATION 15 15 MEMBERSHIP 35 26 STAFF/EMPLOYEES 10 10 COOPERATION AMONG COOPERATIVES 10 8 COMMUNITY AND NATION 25 18 NETWORK ALLIANCES AND LINKAGES 5 5 100 82 TOTAL POINTS 82
  18. 18. II. Performance Audit 1. Organizational Aspect 2. Social Aspect 3. Economic Aspect 3.a Adequacy of Internal Control 3.b Financial Ratios 3.b.1 Profitability Performance 3.b.2 Institutional Strength 3.b.3 Structure of Assets 3.b.4 Operational Strength TOTAL 62 4_ 19 7_ 20_ 14_ 30_ 71_

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