In re Minigee Enterprises, Inc.

March 25, 2008 SEC EN BANC CASE NO. 08-07-0153 IN THE MATTER OF MINIGEE ENTERPRISES, INC. (SEC REG. NO. ASO93-002076) , petitioner . FOR : Setting Aside Order of Revocation O R D E R Petitioner is a stock corporation registered with the Commission on 15 March 1993 with the following primary purpose: "To engage in, conduct, and carry on the business of buying, selling, distributing, marketing at wholesale or retail insofar as may be permitted by law, all kinds of goods, commodities, wares and merchandise of every kind and description; to enter into all kinds of contracts for the export, import, purchase, acquisition, sale at wholesale or retail and other disposition for its own account as principal or in representative capacity as manufacturer's representative, merchandise broker, indentor, commission merchant, factors, or agents, upon consignment of all kinds of goods, wares, merchandise or products whether natural or artificial." Its principal and business office is at Unit 8D Lafayette Tower 2, Eastwood City, C-5 Libis, Bagumbayan, Quezon City. On 3 November 2003, petitioner's Certificate of Registration No. AS093-002076 was revoked for non-compliance with the Commission's reportorial requirements, pursuant to the Order of Revocation dated 30 September 2003 which was published in a newspaper of general circulation on 4 October 2003. Petitioner now prays for the lifting of the said Order of Revocation based on the following grounds: 1. its previous officers neglected the filing of the reportorial requirements which should not be taken to its prejudice; and 2. the operation of its business will generate several employment and help the government in its desire to generate more revenues, especially since the properties registered under its name are located in nearby industrial and commercial areas. In support of its Petition, petitioner submitted as proof of its continued operation: 1. 2005 and 2006 Annual Income Tax Returns; HcSaAD 2. Business Permit issued on 22 January 2007 by the Office of the Mayor, Quezon City, and valid until 31 December 2007; 3. Certificate of Business Name Registration issued by the Department of Trade and Industry on 29 October 2004 and valid until 29 October 2009; and 4. 2007 Barangay Permit. Petitioner alleges that it intends to continue its operations as evidenced by its submission of its most recent General Information Sheet and Financial Statements. It further alleges that it has no intention to violate the law and henceforth, commits to comply with the rules and regulations of the Commission regarding the submission of reports. It has also paid in full the total amount of penalty of Twelve Thousand Pesos (Php12,000.00) as assessed by the Law and Regulation Division (LRD) of the Company Registration and Monitoring Department (CRMD) and evidenced by Official Receipt No. 0086819. WHEREFORE, premises considered, the Order of the Commission dated 30 September 2003 revoking the Certificate of Registration of Minigee Enterprises, Inc. is hereby SET ASIDE. Petitioner, however, is hereby directed to submit its 2008 Mayor's/Business Permit within thirty (30) days from date of receipt of this Order. Failure on the part of petitioner to comply with this directive shall cause the recall of the instant Order. Let a copy of this Order be furnished the Company Registration and Monitoring Department (CRMD) and the Economic Research and Information Department (ERID) of this Commission for their appropriate action. SO ORDERED. March 25, 2008. Mandaluyong City. (SGD.) FE B. BARIN Chairperson (SGD.) MA. JUANITA E. CUETO Commissioner (SGD.) JESUS ENRIQUE G. MARTINEZ Commissioner (SGD.) RAUL J. PALABRICA Commissioner (SGD.) THADDEUS E. VENTURANZA Commissioner