MIRA INFORM REPORT

Report Date :

17.12.2012

IDENTIFICATION DETAILS

Name :	FOUNDATION INTERNATIONAL DISPENSARY ASSOCIATION

Registered Office :	Slochterweg 35 1027AA Amsterdam

Country :	Netherlands

Financials (as on) :	31.12.2011

Date of Incorporation :	21.11.1972

Reg. No.:	33170905

Legal Form :	Foundation

Line of Business :	Wholesale of pharmaceutical goods

No. of Employees :	160

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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^th, 2012

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Netherlands

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

Netherlands - ECONOMIC OVERVIEW

The Dutch economy is the fifth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade surplus, and an important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit of 3.8% of GDP.

Source : CIA

CONTACTINFORMATION

Company name	FOUNDATION INTERNATIONAL DISPENSARY ASSOCIATION
Tradename	Foundation International Dispensary Association IDA Foundation
	IDA HIV/AIDS Group
	Foundation I.D.A.
Address	Slochterweg 35
	1027AA Amsterdam
	Netherlands
Mail address	Postbus 37098
	1030AB Amsterdam
	Netherlands
Telephone number	020 4033051
Telefax number	020 4031854
E-mail address	info@idafoundation.org
Website	www.idafoundation.org
VAT number / RSIN	002956184

COMPANY STRUCTURE

Subsidiary Ida ARV Procurement Services B.V.

Slochterweg 35

1027AA AMSTERDAM

KvK: 34196985

IDA International Holding B.V.

Slochterweg 35

1027AA AMSTERDAM

KvK: 34226063

Bank ING Bank NV

ABN Amro Bank NV

MANAGEMENT

Management J.M.J. Blom

Johannes Maria Jacobus

Authorization: Jointly authorized

Position: Chairman

Date appointed: 01-12-2007

Date of birth: 14-05-1943

E.J. de Guardian

Edwin Johannes

Authorization: Fully authorized

Position: Manager

Date appointed: 01-12-2007

Date of birth: 21-02-1961

N.P.M. Bablon

Nicolas Pierre Marie