MIRA INFORM REPORT

Report Date :

07.02.2014

IDENTIFICATION DETAILS

Name :	ZYGOS HEALTHCARE LTD
Registered Office :	57, St 123 Sangkat Toul Tum Poung I, Khan Chamcarmorn, Phnom Penh
Country :	Cambodia
Date of Incorporation :	27.05.2011
Legal Form :	Private Company with Limited Liability
Line of Business :	Importer of Medical Equipment & Pharmaceutical Products
No. of Employees :	10

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	Slow but correct
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, 2013

Country Name	Previous Rating (30.06.2013)	Current Rating (30.09.2013)
Cambodia	B2	B2

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

CAMBODIA - ECONOMIC OVERVIEW

Since 2004, garments, construction, agriculture, and tourism have driven Cambodia's growth. GDP climbed more than 6% per year between 2010 and 2012. The garment industry currently employs more about 400,000 people and accounts for about 70% of Cambodia's total exports. In 2005, exploitable oil deposits were found beneath Cambodia's territorial waters, representing a potential revenue stream for the government, if commercial extraction becomes feasible. Mining also is attracting some investor interest and the government has touted opportunities for mining bauxite, gold, iron and gems. The tourism industry has continued to grow rapidly with foreign arrivals exceeding 2 million per year since 2007 and reaching over 3 million visitors in 2012. Cambodia, nevertheless, remains one of the poorest countries in Asia and long-term economic development remains a daunting challenge, inhibited by endemic corruption, limited educational opportunities, high income inequality, and poor job prospects. Approximately 4 million people live on less than $1.25 per day, and 37% of Cambodian children under the age of 5 suffer from chronic malnutrition. More than 50% of the population is less than 25 years old. The population lacks education and productive skills, particularly in the impoverished countryside, which also lacks basic infrastructure. The Cambodian Government is working with bilateral and multilateral donors, including the Asian Development Bank, the World Bank and IMF, to address the country's many pressing needs; more than 50% of the government budget comes from donor assistance. The major economic challenge for Cambodia over the next decade will be fashioning an economic environment in which the private sector can create enough jobs to handle Cambodia's demographic imbalance.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Company Details

Organization Name	:	ZYGOS HEALTHCARE LTD
Address	:	57, St 123 Sangkat Toul Tum Poung I, Khan Chamcarmorn, Phnom Penh
Country	:	Cambodia
Phone (S)	:	[+855] 23-6870307
Email	:	dascambodia@gmail.com
Primary Business Activity	:	Importer
Key Industry	:	Medical Equipment & Pharmaceutical

Key Facts

Registered Legal Address		:	57, St 123 Sangkat Toul Tum Poung I, Khan Chamcarmorn, Phnom Penh
Operational Address		:	57, St 123 Sangkat Toul Tum Poung I, Khan Chamcarmorn, Phnom Penh
Issuing Authority		:	Ministry of Commerce - Commercial Registry - National
License Number		:	Co.1225E/2011
License Status		:	License exists - Normal.
Legal Form – Category		:	Private Company with Limited Liability
Legal Form		:	Limited
Legal Form - Abbreviation		:	LTD
Operational Status of Business		:	Normal
Date of Registration		:	27 May, 2011
Employees		:	10
Capital		:	US$ 5,006
	Report Details

Country	:	Cambodia
Business Entity Name	:	ZYGOS HEALTHCARE LTD
Primary Business Activity	:	Importer
Primary Industry	:	Medical Equipment & Pharmaceutical
Office Contact Details
Operating Address	:	57, St 123 Sangkat Toul Tum Poung I, Khan Chamcarmorn, Phnom Penh
Tel	:	[+855] 23-6870307
Mobile	:	[+855]-11521299
	:	[+855]-86284879
Email	:	dascambodia@gmail.com

DIRECTORS/MANAGEMENT

Key Person

Legal Title	:	Chairman
Name	:	Mr. Udhank Umar Chordia
Registered Address	:	New 9 Old 5, 1st Ave Harrington Rd, Chetpet, Chennai (Madras), Tamil Nadu 600031
Nationality	:	Indian

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mr. Hastimal Chordia	Indian	Partner	-
2	Mr. Pannalal Chordia	Indian	Partner	-

Management Details - 1

Personal Unique Identifier	:	MI03072043
Name	:	Mr. Hastimal Chordia

Management Details - 2

Personal Unique Identifier	:	MI03072044
Name	:	Mr. Pannalal Chordia

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03349331
Name	:	Mr. Guo-zhang Zhao
Nationality	:	Chinese
Registered Address	:	20 Weiyuan Wu Hua ,Yunnan
Country of Residence	:	China
2
Personal Unique Identifier	:	MI03072042
Name	:	Mr. Udhank Umar Chordia
Nationality	:	Indian
Registered Address	:	New 9 Old 5, 1st Ave Harrington Rd ,Chetpet ,Chennai (Madras) ,Tamil Nadu 600031
Country of Residence	:	India

NEGATIVE INFORMATION

REPUTATION

Reference checking for the purpose of establishing the ZYGOS HEALTHCARE LTD's reputation within the respective industry failed to reveal any adverse information.

NEGA-SCAN - ADVERSE DATA MONITORING

DISHONORED CHECKS

No Record Found

DEBT	No Record Found

LITIGATION

No Record Found

PERFORMANCE DEFAULTS

No Record Found

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

No Record Found

SHARE & SHARE CAPITAL INFORMATION

CAPITAL (Currency: KHR - Cambodia Riel)

Share Value	:	20,000
Authorized Capital	:	20,000,000

SHAREHOLDERS

Total number of shareholders	:	3
Total number of shares	:	1,000

No.	Shareholders	Country	Shares
			Number	Amount (KHR)	%
1	Mr. Udhank Umar Chordia	India	400	n/a	40.00
2	Mr. Hastimal Chordia	India	300	n/a	30.00
3	Mr. Pannalal Chordia	India	300	n/a	30.00
Total			1,000	n/a	100.00

PAYMENT INFORMATION

PAYMENT TERMS

Selling

Type	Terms
Local	Cash on delivery (COD) Credit - Unsecured 30~60 days

Purchasing

Type	Terms
Import	Letter of Credit (At-sight) Telegraphic Transfer (T/T) - Executed at time of transaction

GROUP STRUCTURE & AFFILIATED COMPANIES

Na

FINANCIAL INFORMATION

FINANCIAL STATEMENT - DETAILED

Based on the corporate laws of Cambodia, legal entities which are Private Company with Limited Liability are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Primary Products

Products / Materials / Services Description	Activity
Beauty products	Importing
Health products	Importing
Healthcare products	Importing
Medical equipment	Importing
Pharmaceutical products	Importing

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Drugs/Druggists' Sundries	5122	Importing
Medicinals and botanicals	2833	Importing
Pharmaceutical preparations	2834	Importing
Toilet preparations	2844	Importing

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Medicaments nesoi of mixtures, not dosage etc form	3003	Importing
Medicaments nesoi, mixed or not, in dosage etc form	3004	Importing
Oils & resinoids, perfumery, cosmetic or toilet preparations	3300	Importing
Other drugs,nesoi	2934302700	Importing
Pharmaceutical products	3000	Importing

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of ZYGOS HEALTHCARE LTD is Importing - Finished products.

Key products include :

· Beauty products

· Health products

· Healthcare products

· Medical equipment

· Pharmaceutical products

Supplementary Business

In addition to the core business, ZYGOS HEALTHCARE LTD also is engaged in the following areas of business:

1. Trading

· Trading - Finished products

DOMESTIC SALES & PURCHASES

Annual Sales Analysis	Percentage
Domestic Sales	100%

Annual Purchases Analysis	Percentage
Imports	100%

INTERNATIONAL TRADE - Activity & Markets

Country / Region	Estimated level of importance	Trading Activity
Asia / Pacific	Medium	Importing

OFFICE & FACILITIES

Name	:	ZYGOS HEALTHCARE LTD - KHAN CHAMCARMORN, PHNOM PENH
Address	:	57, St 123 Sangkat Toul Tum Poung I, Khan Chamcarmorn, Phnom Penh
Country	:	Cambodia
Status	:	Operational

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.50
UK Pound	1	Rs.101.92
Euro	1	Rs.84.50

INFORMATION DETAILS

Report Prepared by :

NNA

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.