PANCAKE HOUSE, INC.
Pancake House, Inc. is the largest, homegrown casual dining business in the Philippines. It engages in the acquisition, development, management, and franchising of the Company’s restaurants under numerous institutional and established brands. Over the years, the Company has acquired and developed restaurant brands that have manifested the potential to grow. Subsequently, these brands grew to establish their loyal customer bases with increasing repeat transactions yearly. Pancake House was pioneered by entrepreneurs Milagros Basa, Leticia Zamora, and Carmen Zaragoza and after several years it is incorporated with Sta.Rosa Food Services Corporation (SRFSC) to handle the management and operation of Pancake House. Several years later, it would be jointly co-owned by another formidable company Extrovert Inc.
II. LIST OF SHORT TERM FINANCING:
Trade Credit from Suppliers
Trade and Other Payables
Short Term Bank Loans
Current Portion of Long Term Debt
Current Portion of Mortgage Payable
Line of Credit
As of December 31, 2011, the loans payable of Pancake House, Inc was 326,010,252 and 306,000,000 during 2012. Meaning, the loans payable decreases by 20, 010, 252 or 6.14%. Because of this, it became favorable to the company because they will pay lesser loans payable than the previous year. This payable decreases because their cash from operations increases that’s why they didn’t avail too much loans.
IV. HOW OFTEN THEY USED THE SHORT TERM FINANCING?
Pancake House, Inc. uses loans payable annually to meet the requirements in their working capital. In 2009, 2010 and as well as 2011, the loans payable of the company was increased because of lack of cash needed to satisfy their obligations. However, for the year 2012, even though they availed some loans into commercial banks, they still managed to decrease it.
V. ADVANTAGES AND DISADVANTAGES OF SHORT TERM FINANCING...
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