August 6, 2012
SEC-IPSD FC ORDER NO. 100-12
IN THE MATTER OF MONTE DE PIEDAD FINANCE CO., INC. (FORMERLY PACIFIC RIM FINANCE CO., INC.)
ORDER OF REVOCATION
The records on file with this Commission show that Monte De Piedad Finance Co., Inc. (formerly Pacific Rim Finance Co., Inc.) failed to comply with the reportorial and other requirements of the Financing Company Act of 1998 and its Implementing Rules and Regulations and to pay the annual fees for 2001 up to present and the corresponding penalties for said violations.
Based on the ocular inspection/on-site audit conducted by an SEC Specialist on 13 February 2012 in the principal office of the company at 16-M Legaspi Towers 300 R. Blvd. cor. V. Cruz, Malate, Manila, the company is no longer in operation. Said address was no longer being occupied by the company. An inquiry with the current owner of the unit disclosed that the company stopped occupying the place ten years ago, without leaving any forwarding address, and could no longer settle its obligations.
Pursuant to the resolution of the Commission in its...