MIRA INFORM REPORT

Report Date :

22.11.2011

IDENTIFICATION DETAILS

Name :	MEDBIZ CO.

Registered Office :	19-6, Jamwon-dong, Seocho-gu, Seoul, Korea, Rm.308, Tahoe Business Center, Yeongseo Bldg, Zip Code 137-903

Country :	South Korea

Date of Incorporation :	01.11.2009

Com. Reg. No.:	Not Available

Legal Form :	Sole Proprietorship

Line of Business :	Wholesales of Medical Devices

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 – September 30^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

South Korea

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

Basic

Company Name	MEDBIZ CO. (Korean Company Name : “메드비즈”)
Registered Address	19-6, Jamwon-dong, Seocho-gu, Seoul, Korea
Building	Rm.308, Tahoe Business Center, Yeongseo Bldg.
Zip Code	137-903
Tel	+82-70-8865-7275
Fax	+82-2-6008-7549
Trading Address	Rm.308, Tahoe Business Center, Yeongseo Bldg., 19-6, Jamwon-dong, Seocho-gu, Seoul, Korea
Tel	+82-70-8865-7275
Fax	+82-2-6008-7549
Type	Export/Import
Industry	Wholesales of Medical Devices
Main Business	Medical Device, Medical Supplies
Established (mm/dd/yyyy)	11/01/2009

Detailed Products

Activity	Detailed Products (UNSPSC)
Sell	Medical equipment and accessories and supplies(42000000)

CEO’s

Name	Cho Young-Kyung
Title	Owner
Sex	Male
Nationality	Korean

Profiles

Capital (KRW)	Not Applicable to the Sole Proprietorship
Employees	N/A
Formation	Sole Proprietorship
Bank Details	N/A
Corporate Registered No.	Not Applicable to the Sole Proprietorship
Business Registered No.	114-10-***** (The full numbers are kept by the National Tax Service confidentially.) Because the subject’s full Business Registered No., for checking through the National Tax Service whether the subject is still existing or not, is not available, so we cannot confirm if the subject exist or not legally.)
Permit & Licenses	N/A
Shareholder Position	The owner has 100% shares.
Company History	11/01/2009 Established as the present name

Management

Job Description	Title	Name	Sex	Nationality	Inauguration Date
Representative Director	Mr.	Cho Young-Kyung	Male	Korean	11/01/2009

Financials

The latest & full financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

Financial Description

Authorized Capital(KRW)	Not Applicable to the Sole Proprietorship
Paid-Up Capital(KRW)	Not Applicable to the Sole Proprietorship
Total Issued Shares	Not Applicable to the Sole Proprietorship

Products, Technologies, Services Description

Main Products & Services

Medical Device, Medical Supplies

Trade Partners & Competitors

Competitors

CU CKIN CO., LTD.

5TH FI., SAMHYEONG CASTLE BLDG., 48-1, JAMWON-DONG, SEOCHO-GU, SEOUL, KOREA

TEL:+82-2-511-4288 FAX:+82-2-511-4624

MEDIWAY KOREA CO., LTD.

3RD FL., SEOKCHO BLDG., 1784-1, SEOBYEON-DONG, BUK-GU, DAEGU, KOREA

TEL:+82-53-955-2225 FAX:+82-53-955-1124

HANKOOK ANDERSON

C-403, LEADERSON TOWEN, 308, MANNYEON-DONG, SEO-GU, DAEJEON, KOREA

TEL:+82-42-485-7412~3 FAX:+82-42-485-7416

Sales by Region

(Activity & Markets)

Not Available.

Court Action

Not Available.

News Clipping

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FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.72
UK Pound	1	Rs.81.42
Euro	1	Rs.68.89

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%)

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