MIRA INFORM REPORT

Report Date :

16.02.2011

IDENTIFICATION DETAILS

Name :	GX INT'L IN

Registered Office :	8fl Madrigal Business Park-Alpap Ii Bldg Trade St Cnr Investment Drive Ayala Alabang, Po Box Muntinlupa Ncr 1799,

Country :	Philippines

Date of Incorporation :	Not Available

Com. Reg. No. :	Unknown

Legal Form :	Private Company With Limited Liability

Line of Business :	Manufacturing of Various Medical Equipments

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

Payment Behaviour :	No Complaints

Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Philippines

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name and address

GX INT'L INC

8FL MADRIGAL BUSINESS PARK-ALPAP II BLDG TRADE ST CNR INVESTMENT DRIVE AYALA ALABANG PO BOX MUNTINLUPA NCR 1799, PHILIPPINES

TEL: 0063-2-8427155

FAX: N/A

EXECUTIVE SUMMARY

INCORPORATION DATE : N/A

REGISTRATION NO. : UNKNOWN

LEGAL FORM : PRIVATE COMPANY WITH LIMITED LIABILITY

CHIEF EXECUTIVE : MR RODOLFO GRACIA (CHAIRMAN)

STAFF STRENGTH : N/A

CAPITAL : N/A

BUSINESS LINE : MANUFACTURER

TURNOVER : N/A (AS OF DEC. 31, 2009)

EQUITIES : N/A (AS OF DEC. 31, 2009)

PAYMENT : AVERAGE

RECOMM. CREDIT RANGE : SMALL AMOUNT

MARKET CONDITION : AVERAGE

FINANCIAL CONDITION : N/A

OPERATIONAL TREN : STEADY

GENERAL REPUTATION : AVERAGE

EXCHANGE RATE : PHP 43.59100 = US$1

Adopted abbreviations

ANS - amount not stated

NS - not stated

SC - subject company (the company inquired by you)

NA - not available

M - million

PHP –Philippines Pesos

License Number : Unknown

Legal Form : Private Company with Limited Liability

Operational Status of Business : Normal.

*Office & Facilities*

Previous Contact Details

Address : Unit 1 Buencamino Townhouse Buencamino St Ayala Alabang PO Box Muntinlupa NCR 1799

Tel No. : 2-8071514

Fax No. : 2-8071526

*Auditors*

SYCIP, GORRES, VELAYO & CO

*Legal Advisors*

ESCUDERO, MARASIGAN, STA ANA

SC is not known to host website of its own at present.

For the past two years there is no record of litigation.

SC’s shareholder details are not available at present.

*COMPANY SECRETARY*

Name : Mr. Ysidro Perez

Nationality : Filipino

Management: Mr. Wilfredo Orejola, President

Mr. Jose Cardenas, Vice Chairman

Mr. Alejandro Pampolino, Vice President

Name Nationality Job Description

Mr. Wilfredo Orejola Filipino President

Mr. Jose Cardenas Filipino Vice Chairman

Mr. Alejandro Pampolino Filipino Vice President

Mr. Reuben Carro Filipino Vice President

Mrs. Lourdes Fajardo Filipino Vice President

Mrs. Ma Carmel Ajero Filipino Vice President

Mrs. Yolanda Santiano Filipino Vice President

*COMPANY DIRECTORS*

Name : Mr. Wilfredo Orejola

Sex : M

Name : Mr. Jose Cardenas

Sex : M

Name : Mr. Alejandro Pampolino

Sex : M

Name : Mr. Reuben Carro

Sex : M

Name : Mrs. Lourdes Fajardo

Sex : F

Name : Mrs. Ma Carmel Ajero

Sex : F

Name : Mrs. Yolanda Santiano

Sex : F

Name : Mr. Roderick Gracia

Nationality : Filipino

*Main Products & Services*

Specializes in manufacturing of various medical equipment.

Products: Acids, salicylic

Cough syrups

Drugs & pharmaceuticals

Medical capsules

Medicine tablets

SC is not known to have any subsidiary at present.

PAYMENT RATING : 3 OBTAINED SCORES : 50

Rating Key	Implication	Implications
1	Scores 85–100	Excellent
2	Scores 75 – 84	Above Average
3	Scores 50 – 74	Average
4	Scores 35 – 49	Fair
5	Scores 15 – 34	Below Average
6	Scores 01 – 14	Poor
NR	No Data	No Data

The rating indicates the payment pattern of SC based upon our Payment Database, comments from suppliers of SC, information from banks (if available), as well as industrial sources.

Dealings on open terms may be possible for SMALL amounts depending on individual judgement experience.

SC’s financial details are not available at present.

*BANK DETAILS*

Bank Name : BANK OF THE PHILIPPINE ISLANDS, THE

Branch : Ayala-Paseo De Roxas, Makati

Branch Address : BPI Bldg 8753 Ayala Ave Cnr Paseo de Roxas Ayala-Paseo De Roxas Makati NCR 1226 (Head Office)

SWIFT Code : BOPIPHMM

SC is considered with an acceptable base to come into credit dealings of small amount.

SIC PRODUCT CLASSIFICATION & ACTIVITY

Activity Code Product/Service Description

Manufacturing 2800 Chemicals and Allied Products

Manufacturing 2833 Medicinals and botanicals

Manufacturing 2834 Pharmaceutical preparations

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Activity Code Product/Service Description

Manufacturing 2710005030 White mineral oil, medicinal grade

Manufacturing 2918215000 Salicylic acid and its salts (excluding medicinal use)

Manufacturing 3000 Pharmaceutical products

Trading 3006 Pharmaceutical goods (specified sterile prod etc.)

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Activity Product/Service Description

Manufacturer Syrup, expectorant

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.45
UK Pound	1	Rs.72.90
Euro	1	Rs.61.43

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
----	NB	New Business	----

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.