MIRA INFORM REPORT

Report Date :

19.02.2014

IDENTIFICATION DETAILS

Name :	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC
Registered Office :	2 Phan Dinh Phung St, Hai Chau, Da Nang, Quang Nam-Da Na
Country :	Vietnam
Financials (as on) :	2012
Date of Incorporation :	14.05.1994
Legal Form :	Joint Stock Company
Line of Business :	Manufacturer of Medical Equipment & Pharmaceutical
No. of Employees :	480

RATING & COMMENTS

MIRA’s Rating :

Ba

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 – September 30, 2013

Country Name	Previous Rating (30.06.2013)	Current Rating (30.09.2013)
Vietnam	B1	B1

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

VIETNAM - ECONOMIC OVERVIEW

Vietnam is a densely-populated developing country that has been transitioning from the rigidities of a centrally-planned economy since 1986. Vietnamese authorities have reaffirmed their commitment to economic modernization in recent years. Vietnam joined the World Trade Organization in January 2007, which has promoted more competitive, export-driven industries. Vietnam became an official negotiating partner in the Trans-Pacific Partnership trade agreement in 2010. Agriculture's share of economic output has continued to shrink from about 25% in 2000 to less than 22% in 2012, while industry's share increased from 36% to nearly 41% in the same period. State-owned enterprises account for roughly 40% of GDP. Poverty has declined significantly, and Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. The global recession hurt Vietnam's export-oriented economy, with GDP in 2012 growing at 5%, the slowest rate of growth since 1999. In 2012, however, exports increased by more than 18%, year-on-year; several administrative actions brought the trade deficit back into balance. Between 2008 and 2011, Vietnam's managed currency, the dong, was devalued in excess of 20%, but its value remained stable in 2012. Foreign direct investment inflows fell 4.5% to $10.5 billion in 2012. Foreign donors have pledged $6.5 billion in new development assistance for 2013. Hanoi has oscillated between promoting growth and emphasizing macroeconomic stability in recent years. In February 2011, the government shifted from policies aimed at achieving a high rate of economic growth, which had stoked inflation, to those aimed at stabilizing the economy, through tighter monetary and fiscal control. Although Vietnam unveiled a broad, "three pillar" economic reform program in early 2012, proposing the restructuring of public investment, state-owned enterprises, and the banking sector, little perceptible progress had been made by early 2013. Vietnam's economy continues to face challenges from an undercapitalized banking sector. Non-performing loans weigh heavily on banks and businesses. In September 2012, the official bad debt ratio climbed to 8.8%, though some independent analysts believe it could be higher than 15%

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Company Details

Organization Name	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC
Address	:	2 Phan Dinh Phung St, Hai Chau, Da Nang, Quang Nam-Da Na
Country	:	Vietnam
Phone (S)	:	[+84] 511-3821642
Facsimile	:	[+84] 511-3891752
Email	:	daphaco@dng.vnn.vn kinhdoanh@dapharco.com.vn
Web		www.dapharco.com.vn
Primary Business Activity	:	Manufacturer
Key Industry	:	Medical Equipment & Pharmaceutical

Key Facts

Registered Legal Address

:

2 Phan Dinh Phung St, Hai Chau, Da Nang, Quang Nam-Da Na

Trading Name / DBA

:

DAPHARCO

Name History

:

Business Entity Name	Effective Date
DANANG PHARMACEUTICAL CO	4 Mar, 1993
DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC	22 Mar, 2005

Issuing Authority

:

Dept. of Planning & Investment - Da Nang

License Number

:

0400101404

License Status

:

License exists - Normal.

Legal Form - Category

:

Joint Stock Company

Legal Form

:

Joint Stock Company

Legal Form - Abbreviation

:

JSC

Operational Status of Business

:

Normal

Date of Registration

:

14 May, 1994

Employees

:

480

Capital

:

US$ 1,327,764

Report Details

Country	:	Vietnam
Business Entity Name	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC
Primary Business Activity	:	Manufacturer
Primary Industry	:	Medical Equipment & Pharmaceutical
Office Contact Details
Operating Address	:	2 Phan Dinh Phung St, Hai Chau, Da Nang, Quang Nam-Da Na
Tel	:	[+84] 511-3821642
	:	[+84] 511-3822247
	:	[+84] 511-3810735
Fax	:	[+84] 511-3891752
Email	:	daphaco@dng.vnn.vn kinhdoanh@dapharco.com.vn
Website Details
Website	:	www.dapharco.com.vn
Status	:	Normal - operational
Country of Registration	:	Vietnam
Ownership Type	:	Registered ownership by Subject Business Entity
Tax / VAT Details
Tax Issuing Authority	:	Ministry of Finance
Local Name Used	:	Gia Trj Gia Tang (Value Added Tax)
Acronym	:	GTGT / VAT
GTGT / VAT Number	:	0400101404

DIRECTORS/MANAGEMENT

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mr. Nguyen Huu Cong	Vietnamese	Vice Director	-
2	Ms. Tran Thi Anh Minh	Vietnamese	Chief Accountant	-
3	Mr. Tong Viet Phai	Vietnamese	Managing Director	-
4	Mr. Tran Nhan Triet	Vietnamese	Vice Director	-

Management Details - 1

Personal Unique Identifier	:	MI01783317
Name	:	Mr. Nguyen Huu Cong
Date of Birth	:	1961

Management Details - 2

Personal Unique Identifier	:	MI03628878
Name	:	Ms. Tran Thi Anh Minh
Date of Birth	:	1976

Management Details - 3

Personal Unique Identifier	:	MI01453333
Name	:	Mr. Tong Viet Phai
Date of Birth	:	1959

Management Details - 4

Personal Unique Identifier	:	MI03628877
Name	:	Mr. Tran Nhan Triet
Date of Birth	:	1976

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI01783317
Name	:	Mr. Nguyen Huu Cong
Date of Birth	:	1961
Nationality	:	Vietnamese
2
Personal Unique Identifier	:	MI00856791
Name	:	Mr. Phan Thinh
Date of Birth	:	1945
Nationality	:	Vietnamese
3
Personal Unique Identifier	:	MI01453333
Name	:	Mr. Tong Viet Phai
Date of Birth	:	1959
Nationality	:	Vietnamese

NEGATIVE 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: VND - Vietnam Dong)

Authorized Capital	:	28,000,000,000
Paid-up Capital	:	28,000,000,000

Date	Paid-up Capital - History
8 Jul, 2010	8,000,000,000
n/a	28,000,000,000

SHAREHOLDERS

Total number of shareholders	:	n/a
Total number of shares	:	n/a

Currency

:

VND - Vietnam Dong

No.	Shareholders	Country	Shares
			Number	Amount (VND)	%
1	Undisclosed Shareholder	n/a	n/a	n/a	n/a
2	STATE CAPITAL INVESTMENT CORP	Vietnam	n/a	n/a	36.43
Total			n/a	n/a	36.43

Today's Exchange rate

:

1.00 VND Vietnam Dong

=

0.000047 USD United States Dollars

Based on corporate statutory laws / regulations in Vietnam, there is no requirement for public disclosure of Shareholders. In this case, the Shareholders information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

PAYMENT INFORMATION

Supplementary Business

In addition to the core business, DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC also is engaged in the following areas of business:

Importing

Importing - Raw materials

DOMESTIC SALES & PURCHASES

Annual Sales Analysis	Percentage
Domestic Sales	100%
International Sales (Export)	0%

Annual Purchases Analysis	Percentage
Local Purchases	60%
Imports	40%

PAYMENT TERMS

Selling

Type	Terms
Local	Cash on delivery (COD) Credit - Unsecured 30~120 days

Purchasing

Type	Terms
Local	Cash on delivery (COD) Credit - Unsecured 30~120 days
Import	Letter of Credit (At-sight) Telegraphic Transfer (T/T) - Executed at time of transaction

GROUP STRUCTURE & AFFILIATED COMPANIES

RELATED PARTIES (Subsidiaries , Joint-ventures & Affiliates)

The following provides a summary of the number of businesses that are related to DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC:

TYPE	INTERNATIONAL
	Africa	Asia / Pacific	Europe	Middle-East	North America	South America	TOTAL
Subsidiaries	-	-	-	-	-	-	-
Joint-Ventures	-	-	-	-	-	-	-
Minority shareholdings	-	1	-	-	-	-	1
Affiliates	-	-	-	-	-	-	-

International

Business Entity Name	:	CHOONGWAE MADI CO
Global Identifier	:	P0730161
Country	:	Korea, South (Republic of Korea)
Relationship	:	Minority shareholding
Primary Business Activity	:	Trader
Industry	:	Medical Equipment & Pharmaceutical

ASSOCIATIONS

DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC are members of the following associations:

Domestic Associations

Association Name

RMIT VIETNAM BUSINESS CLUB - RMITBC

FINANCIAL INFORMATION

FINANCIALS - SUMMARY (Currency: USD - US Dollar)

Year	Sales	Assets	Net Income
2005 Annual	19,886,113	8,096,449	65,948
2006 Annual	28,476,632	9,793,635	157,750
2007 Annual	34,411,601	13,508,206	207,889
2008 Annual	50,036,128	13,823,402	358,745
2009 Annual	66,482,474	19,962,657	510,314

FINANCIAL STATEMENT - DETAILED

Balance Sheet

Currency	:	VND
Denomination	:	1
Financial Year Ending	:	December

Financial Highlights	2010 Annual	2011 Annual	2012 Annual
Current Assets	433,048,000,000	629,179,000,000	727,453,000,000
Non Current Assets	-	-	-
Non Current Liabilities	4,677,000,000	3,954,000,000	1,089,000,000
Share Capital	28,000,000,000	28,000,000,000	28,000,000,000
Total Reserves	-	-	-
Other long term assets
Total Assets	456,229,000,000	652,888,000,000	762,311,000,000
Total Liabilities	397,034,000,000	584,808,000,000	690,315,000,000
Current Liabilities	392,357,000,000	580,854,000,000	689,226,000,000
Long term liabilities
Shareholders Funds	59,195,000,000	68,080,000,000	71,996,000,000
ASSETS
Current assets & short term investments	433,048,000,000	629,179,000,000	727,453,000,000
Cash & cash equivalents	21,758,000,000	60,008,000,000	76,894,000,000
Cash	21,758,000,000	60,008,000,000	76,894,000,000
Accounts receivable	322,349,000,000	450,279,000,000	528,663,000,000
Accounts receivable trade	270,314,000,000	392,958,000,000	453,467,000,000
Trade prepayment	51,624,000,000	59,337,000,000	75,256,000,000
Others receivables	1,411,000,000	485,000,000	858,000,000
Provision for bad debts	(1,000,000,000)	(2,501,000,000)	(918,000,000)
Inventories	81,533,000,000	103,651,000,000	110,211,000,000
Inventories*	81,533,000,000	103,651,000,000	112,056,000,000
Provision for decline in inventory	-	-	(1,845,000,000)
Other short term asset	7,408,000,000	15,241,000,000	11,685,000,000
VAT deductible	2,093,000,000	4,632,000,000	5,625,000,000
Other tax receivables	1,000,000	1,000,000	-
Other short term asset*	5,314,000,000	10,608,000,000	6,060,000,000
Long term assets	23,181,000,000	23,709,000,000	34,858,000,000
Fixed assets	21,767,000,000	22,273,000,000	34,614,000,000
Tangible fixed assets	10,795,000,000	11,314,000,000	11,752,000,000
Cost	15,596,000,000	16,230,000,000	17,822,000,000
Accumulated depreciation	4,801,000,000	4,916,000,000	6,070,000,000
Intangible fixed assets	10,972,000,000	10,959,000,000	21,682,000,000
Cost*	11,140,000,000	11,200,000,000	22,005,000,000
Accumulated depreciation*	168,000,000	241,000,000	323,000,000
Construction in progress	-	-	1,180,000,000
Long term investments	1,295,000,000	1,180,000,000	-
Other long term investments	1,295,000,000	1,180,000,000	-
Other long term assets	119,000,000	256,000,000	244,000,000
Long term prepayments	119,000,000	256,000,000	244,000,000
Total assets	456,229,000,000	652,888,000,000	762,311,000,000
Liabilities	397,034,000,000	584,808,000,000	690,315,000,000
Current liabilities	392,357,000,000	580,854,000,000	689,226,000,000
Short term borrowings	69,165,000,000	144,009,000,000	195,743,000,000
Accounts payables-trade	288,922,000,000	405,896,000,000	452,539,000,000
Advances from customers	18,303,000,000	18,286,000,000	24,564,000,000
Taxes and payable to state budget	3,286,000,000	2,741,000,000	3,576,000,000
Payable to employees	7,595,000,000	8,220,000,000	6,984,000,000
Accrued expenses payable	1,849,000,000	-	573,000,000
Other payables	3,237,000,000	1,702,000,000	4,250,000,000
Long term liabilities	4,677,000,000	3,954,000,000	1,089,000,000
Long term other payables	32,000,000	-	-
Long term borrowings	3,267,000,000	2,178,000,000	1,089,000,000
Provision funds for unemployment	1,378,000,000	1,776,000,000	-
Owners equity	59,195,000,000	68,080,000,000	71,996,000,000
Owners equity*	58,630,000,000	67,237,000,000	71,996,000,000
Business capital	28,000,000,000	28,000,000,000	28,000,000,000
Share capitals surplus	15,810,000,000	15,810,000,000	15,810,000,000
Other owners equity	3,692,000,000	5,875,000,000	8,361,000,000
Foreign exchange differences	(4,578,000,000)	-	-
Business development funds	5,623,000,000	6,081,000,000	6,557,000,000
Financial reserved funds	926,000,000	1,385,000,000	1,860,000,000
Retained earnings	9,157,000,000	10,086,000,000	11,408,000,000
Budget sources	565,000,000	843,000,000	-
Bonus and welfare funds	565,000,000	-	997,000,000
Total resources	456,229,000,000	652,888,000,000	762,311,000,000

Income Statement

Currency	:	VND
Denomination	:	1
Financial Year Ending	:	December

Financial Highlights	2010 Annual	2011 Annual	2012 Annual
Turnover	1,550,600,000,000	1,933,013,000,000	2,093,858,000,000
Profit (Loss) Before Tax	12,202,000,000	13,310,000,000	15,340,000,000
Profit After Tax attributable to Shareholders	9,157,000,000	10,087,000,000	11,406,000,000
Gross sales	1,550,600,000,000	1,933,013,000,000	2,093,858,000,000
Less deductions	620,000,000	1,243,000,000	8,850,000,000
Net income	1,549,980,000,000	1,931,770,000,000	2,085,008,000,000
Cost of goods sold	1,449,063,000,000	1,826,600,000,000	1,987,512,000,000
Gross margin	100,917,000,000	105,170,000,000	97,496,000,000
Income from financial activities	7,979,000,000	15,584,000,000	5,594,000,000
Expenses from financial activities	54,001,000,000	62,209,000,000	30,708,000,000
In which: Interest expenses	11,110,000,000	-	23,705,000,000
Selling expenses	24,339,000,000	29,514,000,000	36,708,000,000
General & administration expenses	22,829,000,000	32,808,000,000	23,058,000,000
Net income from operating activities	7,727,000,000	(3,777,000,000)	12,616,000,000
Extraordinary income	26,522,000,000	48,648,000,000	7,091,000,000
Extraordinary expenses	22,047,000,000	31,561,000,000	4,367,000,000
Extraordinary gains	4,475,000,000	17,087,000,000	2,724,000,000
Net profit before tax	12,202,000,000	13,310,000,000	15,340,000,000
Income tax	3,045,000,000	3,223,000,000	3,934,000,000
Net profit after tax	9,157,000,000	10,087,000,000	11,406,000,000

Financial Ratios

Financial Highlights	2010 Annual	2011 Annual	2012 Annual
Growth %
Year-on-Year Growth	30.74	24.66	8.32
Profitability
Profit Margin (%)	0.59	0.52	0.54
Return on Equity (%)	15.47	14.82	15.84
Return on Assets (%)	2.01	1.54	1.50
Leverage
Total Debt Equity (Times)	6.71	8.59	9.59
Current Debt Equity (Times)	6.63	8.53	9.57
Long Term Debt to Equity	0.08	0.06	0.02
Total Asset To Total Equity	7.71	9.59	10.59
Asset Management
Total Assets Turnover (Times)	3.40	2.96	2.75
Fixed Assets Turnover (Times)	-	-	-
Liquidity
Current Ratio	1.10	1.08	1.06

Based on the corporate laws of Vietnam, legal entities which are Joint Stock Company are not required to make public disclosure of their annual financials. Although financials were obtained for reference.

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Beauty Shops	7231	Service
Chemicals and Allied Products	2800	Manufacturing
Drugs/Druggists' Sundries	5122	Manufacturing
Electromedical and electrotherapeutic apparatus, and parts, nspf	3845	Trading, Importing
Medical/Dental Equip/Supplies	5047	Trading, Importing
Medicinals and botanicals	2833	Manufacturing
Miscellaneous Repair Services	7600	Service
Pharmaceutical preparations	2834	Manufacturing
Surgical and medical instruments and apparatus, nspf	3841	Trading, Importing
X-ray apparatus and tubes, and parts, nspf	3844	Trading, Importing

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Apparatus based on the use of x-rays for medical, surgical, dental or veterinary uses, including radiography or radiotherapy apparatus	9022110000	Trading, Importing
Business services, health, financial/insur. legal/real estate, hotels, and misc repairs	9900	Service
Electro-medical instruments and appliances and parts and accessories	9018907080	Trading, Importing
Machines etc having individual functions nesoi, parts	8479	Importing, Trading
Medical, surgical, dental or vet inst, no elec, part	9018	Trading, Importing
Medicaments nesoi, mixed or not, in dosage etc form	3004	Manufacturing
Miscellaneous chemical products	3800	Manufacturing
Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments & accessories	9000	Trading, Importing
Other drugs,nesoi	2934302700	Manufacturing
Pharmaceutical goods (specified sterile prod etc.)	3006	Trading, Importing

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description	Ranking	Activity
Beauty shops	Secondary	Service
Botanical drugs	Secondary	Trading
Cosmetics	Secondary	Trading
Druggist sundries	Secondary	Importing, Trading
Drugs	Secondary	Importing, Trading
Electro-medical apparatus	Secondary	Importing
Electro-therapy equipment	Secondary	Importing
Equipments	Secondary	Importing
Herbal foods	Secondary	Trading
Hospital equipment	Secondary	Importing
Medical equipment	Secondary	Importing
Medical equipment repair	Secondary	Service
Medical instruments	Secondary	Importing, Trading
Medical machines	Secondary	Importing
Medical x-ray units	Secondary	Importing

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of DANANG

PHARMACEUTICAL-MEDICAL EQUIPMENT JSC is Manufacturing - Finished products.

Key products include :

Medical products

Medicaments

Medical supplies

Medicines

Pharmaceutical products

An integral part of the core business includes:

Distribution

OTHER LICENSES

Issuing Authority	:	People's Committee - Dak Lak
License Number	:	176/2004/QD-UB
Date of Issuance	:	3 Nov, 2004

REPUTATION

Reference checking for the purpose of establishing the DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC's reputation within the respective industry failed to reveal any adverse information.

BANK DETAILS

Bank Name	:	MEKONG HOUSING BANK
Global Identifier	:	P0386204
Branch	:	District 3,Ho Chi Minh
Branch Address	:	District 3Ho Chi Minh
SWIFT Code	:	MHBBVNVX
Bank Name	:	VIETNAM EXPORT IMPORT COMMERCIAL JOINT STOCK BANK
Global Identifier	:	32408823
Branch	:	District 1,Ho Chi Minh
Branch Address	:	Da Nang
SWIFT Code	:	EBVIVNVX
Bank Name	:	VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY & TRADE
Global Identifier	:	32404058
Branch	:	Hoan Kiem Dist,Hanoi
Branch Address	:	Hoan Kiem DistHanoi
SWIFT Code	:	ICBVVNVX
Bank Name	:	VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY & TRADE
Global Identifier	:	32404058
Branch	:	Hoan Kiem Dist,Hanoi
Branch Address	:	Hoi An
SWIFT Code	:	ICBVVNVX

LOCAL BRANCHES

Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HO CHI MINH
Branch Address	:	496/5 Su Van Hanh St, Ho Chi Minh
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - DONG DA, HANOI
Branch Address	:	101 Lang Ha St, Dong Da, Hanoi
Branch Tel	:	84-4-5623453
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - DISTRICT 10, HO CHI MINH
Branch Address	:	Plot B9 Su Van Hanh St Ward 12, District 10, Ho Chi Minh
Branch Tel	:	84-8-8631018
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - DONG DA, HANOI
Branch Address	:	78 Lang Ha St, Dong Da, Hanoi
Branch Tel	:	84-4-7763052
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HAI CHAU, DA NANG
Branch Address	:	6 Tran Quoc Toan St, Hai Chau, Da Nang, Quang Nam-Da Na
Branch Tel	:	84-511-830941
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HAI CHAU, DA NANG
Branch Address	:	1 Hoang Van Thu St, Hai Chau, Da Nang, Quang Nam-Da Na
Branch Tel	:	84-511-827436
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HAI CHAU, DA NANG
Branch Address	:	110 Tran Phu, Hai Chau, Da Nang, Quang Nam-Da Na
Branch Tel	:	84-511-824740
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HAI CHAU, DA NANG
Branch Address	:	255 Ong Ich Khiem, Hai Chau, Da Nang, Quang Nam-Da Na
Branch Tel	:	84-511-818026
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HAI CHAU, DA NANG
Branch Address	:	91 Tran Phu St, Hai Chau, Da Nang, Quang Nam-Da Na
Branch Tel	:	84-511-820938
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HAI CHAU, DA NANG
Branch Address	:	233 Ong Ich Khiem, Hai Chau, Da Nang, Quang Nam-Da Na
Branch Tel	:	84-511-892076
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HAI CHAU, DA NANG
Branch Address	:	242 Ong Ich Khiem St, Hai Chau, Da Nang, Quang Nam-Da Na
Branch Tel	:	84-511-825786
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HAI CHAU, DA NANG
Branch Address	:	45 Tran Hung Dao St, Hai Chau, Da Nang, Quang Nam-Da Na
Branch Tel	:	84-511-822366
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HAI CHAU, DA NANG
Branch Address	:	182 Hung Vuong, Hai Chau, Da Nang, Quang Nam-Da Na
Branch Tel	:	84-511-837966
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HAI CHAU, DA NANG
Branch Address	:	103 Hung Vuong St, Hai Chau, Da Nang, Quang Nam-Da Na
Branch Tel	:	84-511-810150
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HAI CHAU, DA NANG
Branch Address	:	99B Hung Vuong, Hai Chau, Da Nang, Quang Nam-Da Na
Branch Tel	:	84-511-818320
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HAI CHAU, DA NANG
Branch Address	:	55 Hung Vuong St, Hai Chau, Da Nang, Quang Nam-Da Na
Branch Tel	:	84-511-828478
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HAI CHAU, DA NANG
Branch Address	:	11 Le Duan, Hai Chau, Da Nang, Quang Nam-Da Na
Branch Tel	:	84-511-822665
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HAI CHAU, DA NANG
Branch Address	:	41 Hai Phong, Hai Chau, Da Nang, Quang Nam-Da Na
Branch Tel	:	84-511-887503
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HAI CHAU, DA NANG
Branch Address	:	5 Le Duan, Hai Chau, Da Nang, Quang Nam-Da Na
Branch Tel	:	84-511-828989
License Status	:	License exists - Normal.
Branch	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HAI CHAU, DA NANG
Branch Address	:	238 Ong Ich Khiem St, Hai Chau, Da Nang, Quang Nam-Da Na
Branch Tel	:	84-511-893653
License Status	:	License exists - Normal.

INTERNATIONAL TRADE - Activity & Markets

Country / Region	Estimated level of importance	Trading Activity
Asia / Pacific	Medium	Importing
Europe	Medium	Importing
North America	Medium	Importing
China	Medium	Importing
Germany	Medium	Importing
India	Medium	Importing
Korea, South (Republic of Korea)	Medium	Importing
Malaysia	Medium	Importing
Singapore	Medium	Importing
Taiwan	Medium	Importing
USA	Medium	Importing

COMPETITORS

The following is a representative list of local competitors:

Competitors

BAO LINH PHARMACEUTICAL CO LTD

DOMESCO MEDICAL IMPORT-EXPORT JSC

HA TAY PHARMACEUTICAL CO

HANOI PHARMACEUTICAL JSC

HAU GIANG PHARMACEUTICAL FACTORY

HUE CENTRAL PHARMACEUTICAL CO

OPC PHARMACEUTICALS JSC

VIMEDIMEX MEDI-PHARMA JSC

OFFICE & FACILITIES

The following information relates to the Business Entity's office as listed above:

Name	:	DANANG PHARMACEUTICAL-MEDICAL EQUIPMENT JSC - HAI CHAU, DA NANG
Primary Use	:	Office & Administration facilities
Building Size	:	2,000 Square meters
Address	:	2 Phan Dinh Phung St, Hai Chau, Da Nang, Quang Nam-Da Na
Country	:	Vietnam
Ownership of Property	:	Rented / Leased
Status	:	Operational

COMPANY HISTORY

Date	Details
1993 - Mar	Established as a state-owned enterprise.
2005 - Mar	Changed its legal form from state-owned enterprise to joint stock company.

QUALITY ACCREDITATION

Quality Accreditation Listings

#	Name	Accreditation Category
1	INTERNATIONAL STANDARDS ORGANIZATION (ISO)	9001:2000

PREVIOUS CONTACT DETAILS

Company Address	:	65 Ly Thai To St Thac Giam, Thanh Khe, Da Nang, Quang Nam-Da Na
Phone Number	:	84-510-822247
Fax Number	:	84-510-213023

PREVIOUS BUSINESS LICENSE/S

License Date	License No.
11 Mar, 1993	112502
22 Mar, 2005	3203000578

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.12
UK Pound	1	Rs.103.93
Euro	1	Rs.85.17

INFORMATION DETAILS

Report Prepared by :

NIS

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.