{"id":1850,"date":"2023-06-20T03:57:06","date_gmt":"2023-06-20T03:57:06","guid":{"rendered":"https:\/\/cpap.ph\/?p=1850"},"modified":"2023-11-29T03:07:21","modified_gmt":"2023-11-29T03:07:21","slug":"agri-sprout-philippines-inc","status":"publish","type":"post","link":"https:\/\/cpap.ph\/agri-sprout-philippines-inc\/","title":{"rendered":"Agri-Sprout Philippines, Inc."},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1850\" class=\"elementor elementor-1850\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-50766fb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"50766fb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-87c8b5c\" data-id=\"87c8b5c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b6a8dac elementor-widget elementor-widget-image\" data-id=\"b6a8dac\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"704\" height=\"248\" src=\"https:\/\/cpap.ph\/wp-content\/uploads\/2023\/09\/agrisprout-cpap.jpg\" class=\"attachment-large size-large wp-image-27498\" alt=\"\" srcset=\"https:\/\/cpap.ph\/wp-content\/uploads\/2023\/09\/agrisprout-cpap.jpg 704w, https:\/\/cpap.ph\/wp-content\/uploads\/2023\/09\/agrisprout-cpap-300x106.jpg 300w\" sizes=\"(max-width: 704px) 100vw, 704px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e4e03d2 elementor-widget elementor-widget-text-editor\" data-id=\"e4e03d2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<div id=\"main\"><div id=\"content\"><div id=\"page\"><p><span style=\"color: #333333;\">AGRI-SPROUT PHILS. INC. (formerly CyBERTH Phils.Inc.) is a corporation engaged in the trading of crop protection chemicals and inorganic fertilizers. It was registered with the Securities and Exchange Commission on May 23. 2019.\u00a0 It commenced its operations on January 1, 2020.\u00a0 It concentrated its operations mainly in the trading of crop protection chemicals and inorganic fertilizers; chemical fertilizers being capital intensive were sidelined. The scope of its operations covers the\u00a0 local purchase of the technical and inert materials of a particular product, formulation, warehousing and supply of finished products to its authorized distributors.<\/span><\/p><p><span style=\"color: #333333;\">AGRI-SPROUT PHILS. INC.\u00a0 is only two years in the pesticide industry, but its predecessor,\u00a0 Cyberth Philippines, Inc. had almost twenty-two years in existence in the industry;\u00a0\u00a0 Cyberth\u00a0 was\u00a0 established\u00a0 on January 28, 1998 with only\u00a0 two\u00a0 registered product brands to sell, and had almost thirty-five registered brands in 2019\u00a0 before Cyberth officially stopped its operations on December 31, 2019.\u00a0 Reason for the closure of business operations was due to the unfortunate, ill-fated passing of its President, Mr. Luisito E. Bandian on February 15, 2019 while on his personal travel in Vietnam.\u00a0 Mr. LEBandian had a heart attack that resulted to his sudden and untimely demise. Because of this inopportune event,\u00a0 the director-stockholders of Cyberth Phils. Inc. decided to close its operations and start a new company:\u00a0 Agri-Sprout Phils. Inc.<\/span><\/p><p><span style=\"color: #333333;\">Product Lines.\u00a0\u00a0\u00a0\u00a0 Agri-Sprout Phils. Inc., has legally purchased and received\u00a0 from\u00a0 Cyberth Phils. Inc. the\u00a0 \u201cauthority to distribute\/sell any\/all Cyberth Pesticide Brands currently registered with the Fertilizer &amp; Pesticide Authority\u201d. The Secretary Certificate and the Board Resolution of Cyberth Phils. Inc. stated further:<\/span><\/p><p><span style=\"color: #333333;\">\u201cCyberth Philippines, Inc., the lawful owner and holder of FPA product registration of\u00a0 all the pesticide brands registered with FPA agrees to assign, transfer and convey\u00a0 all\u00a0\u00a0 its rights of ownership\u00a0 and\u00a0 FPA registration of branded Products\u00a0 to\u00a0 Agri-Sprout Phils., Inc. , based on\u00a0 terms and conditions mutually agreed by\u00a0 Both Parties.\u201d\u00a0 Further, the\u00a0 Deed\u00a0 of\u00a0 Assignment\u00a0 states\u00a0 that\u00a0 Cyberth Philippines, Inc., the\u00a0 lawful owner and holder of FPA product registration of\u00a0 all the pesticide brands registered with FPA, agrees\u00a0 \u201cto voluntarily cede, assign, transfer and convey\u00a0 all\u00a0 its rights of ownership\u00a0 and\u00a0 FPA\u00a0 registration\u00a0 of\u00a0 its\u00a0 products\u00a0\u00a0 with\u00a0\u00a0 their approved\u00a0\u00a0 Brand Names to Agri-Sprout Phils., Inc.\u201d.\u00a0 \u00a0<\/span><\/p><p><span style=\"color: #333333;\">In return, Agri-Sprout Phils., Inc., showed its willingness \u201cto accept\/assume\/acquire such rights\u00a0 of ownership and interests\u201d.<\/span><\/p><p><span style=\"color: #333333;\">With this,\u00a0 AGRI-SPROUT PHILS. INC.\u00a0 started its operations in January 2020 by initially maintaining the distribution\/selling of the pesticide brands formerly owned by Cyberth Phils. Inc.. Later during that year,\u00a0 AGRI-SPROUT PHILS. INC.\u00a0 initially submitted to FPA the transfer of registration of some of the Cyberth registered brands; and this will continue until all the Cyberth pesticide brands will be legally transferred to AGRI-SPROUT PHILS. INC.<\/span><\/p><p><span style=\"color: #333333;\">As of September 15, 2021, the following product brands have been registered with\u00a0 FPA under Agri-Sprout Phils., Inc.:<\/span><\/p><p><span style=\"color: #333333;\"><img decoding=\"async\" src=\"https:\/\/cpap.ph\/images\/stories\/company-profiles\/agri-sprout-fig1.jpg\" border=\"0\" \/><\/span><\/p><p><span style=\"color: #333333;\">The following brands will be added within the next months:<\/span><\/p><p><span style=\"color: #333333;\"><img decoding=\"async\" src=\"https:\/\/cpap.ph\/images\/stories\/company-profiles\/agri-sprout-fig2.jpg\" border=\"0\" \/><\/span><\/p><p><span style=\"color: #333333;\"><strong>Market<\/strong>. Above company products are for the control of pests affecting crop production such as insects, fungus causing diseases, weeds, and golden apple snails. Major crops where these products are positioned are rice, corn, vegetables, and mango. Usage of crop protection chemicals nationwide is estimated at P 5.0 \u2013 6.0 billion annually.<\/span><\/p><p><span style=\"color: #333333;\"><strong>Suppliers.<\/strong>\u00a0For the products of the company, though the materials are all imported, the company is presently purchasing thru local suppliers. Hence for the materials that are purchased as finished products, we get them from the big local suppliers such as Agchem Manufacturing Corporation, Kemistar Corporation, Leads Agricultural Products Corp. and \u00a0Magan Agro Phils. Enterprise Inc..<\/span><\/p><p><span style=\"color: #333333;\">The company is also using Oria Agrotech, Inc. in Norzagaray, Bulacan to formulate the technical materials \u00a0Cypermethrin, Malathion and Chlorpyrifos into emulsifiable concentrates for the company brands: \u00a0Knockout 5EC, Warrior 31.5EC, Malathion 57 EC and Chlorpyrifos 48 EC.<\/span><\/p><p><span style=\"color: #333333;\"><strong>Distribution.<\/strong>\u00a0Agri-Sprout Phils. Inc. does not distribute directly to distributors, dealers or end-users of the products. Instead, the company created a distribution channel whereby the stockholders act as distributors of the company products supplying the dealer\/marketing companies they have set up in their respective areas to make the products available to the end-users\/farmers.<\/span><\/p><p><span style=\"color: #333333;\">The four major distributors were created; namely :<\/span><\/p><ol><li><span style=\"color: #333333;\">LEB Legacy Agri Corp. &#8211; covering Luzon except Bicol Region. Stockholder Arnel E. Bandian owns this company.<\/span><\/li><li><span style=\"color: #333333;\">Jynnson\u2019s Phils. Inc. &#8211; covering Mindoro Oriental, Mindoro Occidental, Palawan, Siquijor, and Negros Occidental and Negros Oriental. Stockholder Agustin T. Torres \u00a0owns this company.<\/span><\/li><li><span style=\"color: #333333;\">Mambucal Agro Trade &#8211; covering Bicol, Samar Islands, Biliran, Leyte, Cebu, Bohol, and Northern Mindanao<strong>\u00a0<\/strong>. Stockholder Benjamin G. Reyes, Jr. owns this company.<\/span><\/li><li><span style=\"color: #333333;\">Dadiangas Agri Supply &#8211; covering Eastern, Central, and Southern Mindanao. Stockholder Francisco U. Hernando owns this company.<\/span><\/li><\/ol><p><span style=\"color: #333333;\">This marketing set-up was initiated in order to decentralize operations in the field. In this manner, marketing strategies could vary from one area to another and provide for immediate actions on situations that could develop in each area. Likewise, overhead is minimized in the Mother Company, Agri-Sprout Phils., Inc. There are only six full-time employees of Agri-Sprout Phils., Inc. who handle the registration of company brands with FPA, \u00a0supply, distribution &amp; marketing operations, accounting, and administration. These personnel are the following:<\/span><\/p><ol><li><span style=\"color: #333333;\">Nida Paz G. Esteras &#8211; President &amp; CEO<\/span><\/li><li><span style=\"color: #333333;\">Ma. Fe A. Torreon &#8211; Accounting &amp; Admin Supervisor<\/span><\/li><li><span style=\"color: #333333;\">Antonio C. Vibal &#8211; Warehouse &amp; Delivery Supervisor<\/span><\/li><li><span style=\"color: #333333;\">Rudenio M. Sabado &#8211; Warehouse Supervisor<\/span><\/li><li><span style=\"color: #333333;\">Naohmie N. Somoria &#8211; Accounting &amp; Operations Assistant<\/span><\/li><li><span style=\"color: #333333;\">Marlon R. Magtibay &#8211; Delivery Assistant<\/span><\/li><\/ol><p><span style=\"color: #333333;\">The four distribution companies directly hire all other personnel covering all admin, accounting, distribution and marketing operations of their respective companies. Each distributor maintains his own organization of sales, technical, accounting, and operations personnel. The combined manpower for the four distributors is around 70. Support personnel such as drivers and warehouse personnel are added where needed. The sales personnel handle product sales to retailers and collections. The technical personnel handle product promotions to the end-users. Each of the sales and technical personnel are provided a company motorcycle for use in their operations. Each distributor maintains a network of retailers of at least one per municipality. Overall, the products of Agri-Sprout Phils., Inc. are sold to around 680 retailers nationwide.<\/span><\/p><p><span style=\"color: #333333;\">Stocks are positioned in major inland warehouses to make the products readily available to retailers and end-users. All distributors maintain their own warehouses and these are not shouldered by Agri-Sprout Phils., Inc. Orders of the dealers are delivered using delivery vehicles individually owned by the distributors.<\/span><\/p><p><span style=\"color: #333333;\"><strong>Prices.<\/strong>\u00a0All finished products of Agri-Sprout Phils., Inc. are transferred to the four distributors at margins ranging from a low of 10 % to a high of 40% depending on the product. Gauge for the margin is on similar products available in the market and its prices to retailers and end-users. The distributors pre-determine the transfer price to dealers \/ retailers and the final \/ retail price to end-users. Such predetermined price always takes the middle ground, which is neither the lowest nor the highest in the industry. Afterwhich, the margins for the distributors are determined which shall cover overhead and marketing expenses and profit. It is then that the transfer prices of Agri-Sprout Phils., Inc. to distributors are determined.<\/span><\/p><p><span style=\"color: #333333;\">As a pricing policy, the products must provide a comfortable profit after deducting all product costs and expenses. Since the distribution companies target only realistic sales volumes, it is not bound to have the lowest price in the market.<\/span><\/p><p><span style=\"color: #333333;\">Each distributor is granted a credit line whose limit is equivalent to their investment + retained earnings. In this manner, the investment + retained earnings of all the stockholders are protected. If a distributor suffers financial difficulties, then the Mother Company is protected and shall continue to function serving the requirements of the other distributors. If the survival of the distributor suffering financial difficulty is no longer viable, then, the company buys back the stocks at book value to offset the receivables. Then, the other shareholders buy the treasury shares also at book value and a new distributor is appointed.<\/span><\/p><p><span style=\"color: #333333;\">The term to distributors is ninety (90) days. If need be, it could become shorter if the company needs to purchase a sizeable volume of materials from suppliers or longer if the product is just being introduced in the market. However, the term is not strictly enforced especially for new brands introduced to the market.<\/span><\/p><p><span style=\"color: #333333;\">The distributors likewise maintain a ninety- (90) day\u2019s term to their dealers. New products are sold on consignment basis.<\/span><\/p><p><span style=\"color: #333333;\"><strong>Competition.<\/strong>\u00a0The industry used to be lorded over by multi-nationals like Bayer, Phils., Inc., Syng<a class=\"toolbar\" style=\"color: #333333;\" href=\"https:\/\/cpap.ph\/administrator\/index.php?option=com_content&amp;sectionid=1&amp;task=edit&amp;cid[]=31\">\u00a0Save\u00a0<\/a>enta Phils., Inc., Dow AgroSciences, Jardine-Davies, Monsanto Phils, Inc., etc. However, the multi-nationals have since then decreased in number due to mergers or buyouts considering that the Philippine market is static and not growing in sizeable volume. With a small playing field, a big number of multi-national agricultural chemical companies can not survive on a long-term basis.<\/span><\/p><p><span style=\"color: #333333;\">The technical materials for the crop protection chemicals used to be produced only by the multi-national companies. However, with the expiration of their patents, cheap sources emerged like India and People\u2019s Republic of China. With cheap technology and cheap labor, they are able to manufacture the technical materials at very competitive prices.<\/span><\/p><p><span style=\"color: #333333;\">With this situation, small marketing outfits could now be formed to trade commodity products at affordable costs to the Filipino farmers. The proprietary products of the multi-nationals while effective and environment friendly are very expensive to use considering the very low budget of the farmer for inputs. As a result, Agri-Sprout Phils., Inc., a small Filipino company was able to penetrate and capture a good share of the market.<\/span><\/p><p><span style=\"color: #333333;\"><strong>Banking Facilities.<\/strong>\u00a0At present, two banks provide the banking needs of the company. Metropolitan Bank &amp; Trust Company (Metrobank), Los Ba\u00f1os, Laguna Branch and\u00a0 Bank of the Philippine Islands (BPI). Los Ba\u00f1os, Laguna.<\/span><\/p><h3><span style=\"color: #333333;\">Contact Us<\/span><\/h3><p><span style=\"color: #333333;\">Warehose address:<\/span><\/p><p><span style=\"color: #333333;\">5237 National Highway<\/span><br \/><span style=\"color: #333333;\">Maahas, Los Ba\u00f1os, Laguna 4030<\/span><\/p><p><span style=\"color: #333333;\">Nida Paz G. Esteras<\/span><br \/><span style=\"color: #333333;\">Mobile:\u00a0 0917 8660535<\/span><\/p><\/div><\/div><\/div><div id=\"footer\"><div class=\"moduletable\">\u00a0<\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>AGRI-SPROUT PHILS. INC. (formerly CyBERTH Phils.Inc.) is a corporation engaged in the trading of crop protection chemicals and inorganic fertilizers. It was registered with the Securities and Exchange Commission on May 23. 2019.\u00a0 It commenced its operations on January 1, 2020.\u00a0 It concentrated its operations mainly in the trading of crop protection chemicals and inorganic&hellip;&nbsp;<a href=\"https:\/\/cpap.ph\/agri-sprout-philippines-inc\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Agri-Sprout Philippines, Inc.<\/span><\/a><\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_1850\" class=\"pvc_stats all  \" data-element-id=\"1850\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" version=\"1.0\" viewBox=\"0 0 502 315\" preserveAspectRatio=\"xMidYMid meet\"><g transform=\"translate(0,332) scale(0.1,-0.1)\" fill=\"\" stroke=\"none\"><path d=\"M2394 3279 l-29 -30 -3 -207 c-2 -182 0 -211 15 -242 39 -76 157 -76 196 0 15 31 17 60 15 243 l-3 209 -33 29 c-26 23 -41 29 -80 29 -41 0 -53 -5 -78 -31z\"\/><path d=\"M3085 3251 c-45 -19 -58 -50 -96 -229 -47 -217 -49 -260 -13 -295 52 -53 146 -42 177 20 16 31 87 366 87 410 0 70 -86 122 -155 94z\"\/><path d=\"M1751 3234 c-13 -9 -29 -31 -37 -50 -12 -29 -10 -49 21 -204 19 -94 39 -189 45 -210 14 -50 54 -80 110 -80 34 0 48 6 76 34 21 21 34 44 34 59 0 14 -18 113 -40 219 -37 178 -43 195 -70 221 -36 32 -101 37 -139 11z\"\/><path d=\"M1163 3073 c-36 -7 -73 -59 -73 -102 0 -56 133 -378 171 -413 34 -32 83 -37 129 -13 70 36 67 87 -16 290 -86 209 -89 214 -129 231 -35 14 -42 15 -82 7z\"\/><path d=\"M3689 3066 c-15 -9 -33 -30 -42 -48 -48 -103 -147 -355 -147 -375 0 -98 131 -148 192 -74 13 15 57 108 97 206 80 196 84 226 37 273 -30 30 -99 39 -137 18z\"\/><path d=\"M583 2784 c-38 -19 -67 -74 -58 -113 9 -42 211 -354 242 -373 16 -10 45 -18 66 -18 51 0 107 52 107 100 0 39 -1 41 -124 234 -80 126 -108 162 -133 173 -41 17 -61 16 -100 -3z\"\/><path d=\"M4250 2784 c-14 -9 -74 -91 -133 -183 -95 -150 -107 -173 -107 -213 0 -55 33 -94 87 -104 67 -13 90 8 211 198 130 202 137 225 78 284 -27 27 -42 34 -72 34 -22 0 -50 -8 -64 -16z\"\/><path d=\"M2275 2693 c-553 -48 -1095 -270 -1585 -649 -135 -104 -459 -423 -483 -476 -23 -49 -22 -139 2 -186 73 -142 361 -457 571 -626 285 -228 642 -407 990 -497 242 -63 336 -73 660 -74 310 0 370 5 595 52 535 111 1045 392 1455 803 122 121 250 273 275 326 19 41 19 137 0 174 -41 79 -309 363 -465 492 -447 370 -946 591 -1479 653 -113 14 -422 18 -536 8z m395 -428 c171 -34 330 -124 456 -258 112 -119 167 -219 211 -378 27 -96 24 -300 -5 -401 -72 -255 -236 -447 -474 -557 -132 -62 -201 -76 -368 -76 -167 0 -236 14 -368 76 -213 98 -373 271 -451 485 -162 444 86 934 547 1084 153 49 292 57 452 25z m909 -232 c222 -123 408 -262 593 -441 76 -74 138 -139 138 -144 0 -16 -233 -242 -330 -319 -155 -123 -309 -223 -461 -299 l-81 -41 32 46 c18 26 49 83 70 128 143 306 141 649 -6 957 -25 52 -61 116 -79 142 l-34 47 45 -20 c26 -10 76 -36 113 -56z m-2057 25 c-40 -58 -105 -190 -130 -263 -110 -324 -59 -707 132 -981 25 -35 42 -64 37 -64 -19 0 -241 119 -326 174 -188 122 -406 314 -532 468 l-58 71 108 103 c185 178 428 349 672 473 66 33 121 60 123 61 2 0 -10 -19 -26 -42z\"\/><path d=\"M2375 1950 c-198 -44 -350 -190 -395 -379 -18 -76 -8 -221 19 -290 114 -284 457 -406 731 -260 98 52 188 154 231 260 27 69 37 214 19 290 -38 163 -166 304 -326 360 -67 23 -215 33 -279 19z\"\/><\/g><\/svg><\/i> <img decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/cpap.ph\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>\n","protected":false},"author":1,"featured_media":2965,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"full-width","neve_meta_container":"contained","neve_meta_enable_content_width":"on","neve_meta_content_width":100,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"[\"title\",\"content\",\"post-navigation\"]","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Agri-Sprout Philippines, Inc. - CPAP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cpap.ph\/agri-sprout-philippines-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Agri-Sprout Philippines, Inc. - CPAP\" \/>\n<meta property=\"og:description\" content=\"AGRI-SPROUT PHILS. INC. (formerly CyBERTH Phils.Inc.) is a corporation engaged in the trading of crop protection chemicals and inorganic fertilizers. 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