NPA Closing Report

Business name : IONIANS TRANSPORT SERVICES

Owner : MS. ELIGIA DELOS REYES
Contact number : 475-7404
Type of contract : SPOT LEASE & LONG TERM LEASE
LONG TERM LEASE
Contract Effectvity : 2013-02-16
Contract Valid Until : 2014-02-28
SPOT LEASE
Contract Effectvity : 2013-01-01
Contract Valid Until : 2013-12-31
Focus Area : LUZON
A/R Balance : 263,542.43

NPA ACTIVITY:
Endorsed to Legal 12/18/17
Task: Negotiate Payment, disputed AR .. half of the total AR was DM but we cannot provide
document

• 05/10-30/2018 – called/texted owner Eligia Delos Reyes asking for a meeting. She replied but
keep on cancelling, a day before the meeting.

• 5/31/2018- Finally meet Ms. Delos Reyes and her husband in SM North Edsa. They greed to
pay on June 4 - initial payment

• 06/04/2018 - Payment Php10,000.00 initial

. 7/09/2018 - Finalized negotiation and approval of 40% discount of total AR, payable in 4
Months starting July 30- October 30, 2018

• 07/30/2018 – Payment P39,546

• 08/30/2018 – Payment Php 39,546

• 09/28/2018 – Payment Php39,546

• 10/29/2018 – Last Full Payment Php39,546

Case close AR balance paid in full.

Prepared by: Approved by:

Maribeth C. Abergas Jose Paolo Delgado

NPA – Manager COO - Delwater