MIRA INFORM REPORT

Report Date :

17.01.2014

IDENTIFICATION DETAILS

Name :	GALAXY PHARMA CO LTD
Registered Office :	76, St 16BT Sangkat Boeung Tompun, Khan Chamcarmorn, Phnom Penh
Country :	Cambodia
Date of Incorporation :	07.05.2010
Legal Form :	Private Company with Limited Liability
Line of Business :	Importer & trader of Medical equipment, Medicine & Pharmaceutical products
No. of Employees :	20

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 sale 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	:	GALAXY PHARMA CO LTD
Address	:	120B, 17BT Sangkat Beong Tumpon, Khan Mean Chey, Phnom Penh 12306
Country	:	Cambodia
Phone (S)	:	[+855] 23-866189
Email	:	duryodhan_singh@yahoo.com
Primary Business Activity	:	Importer
Key Industry	:	Medical Equipment & Pharmaceutical

Key Facts
Registered Legal Address	:	76, St 16BT Sangkat Boeung Tompun, Khan Chamcarmorn, Phnom Penh
Operational Address	:	120B, 17BT Sangkat Beong Tumpon, Khan Mean Chey, Phnom Penh 12306
Issuing Authority	:	Ministry of Commerce - Commercial Registry - National
License Number	:	Co.0897E/2010
License Status	:	License exists - Normal.
Legal Form - Category	:	Private Company with Limited Liability
Legal Form	:	Company Limited
Legal Form - Abbreviation	:	CO LTD
Operational Status of Business	:	Normal
Date of Registration	:	7 May, 2010
Employees	:	20
Capital	:	US$ 5,006

Report Details

Country	:	Cambodia
Business Entity Name	:	GALAXY PHARMA CO LTD
Primary Business Activity	:	Importer
Primary Industry	:	Medical Equipment & Pharmaceutical
Office Contact Details
Operating Address	:	120B, 17BT Sangkat Beong Tumpon, Khan Mean Chey, Phnom Penh 12306
Tel	:	[+855] 23-866189
Mobile	:	[+855]-70794404
	:	[+855]-92487281
	:	[+855]-98210935
	:	[+855]-12580753
Email	:	duryodhan_singh@yahoo.com

DIRECTORS/MANAGEMENT

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Mrs. Pratima Singh	Indian	Partner	-
2	Mr. Ritesh Singh	Indian	Partner	-

Management Details - 1

Personal Unique Identifier	:	MI03609793
Name	:	Mrs. Pratima Singh

Management Details - 2

Personal Unique Identifier	:	MI03609794
Name	:	Mr. Ritesh Singh

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03609796
Name	:	Mr. Duryodhan Singh
Nationality	:	Indian

NEGATIVE INFORMATION

REPUTATION

Reference checking for the purpose of establishing the GALAXY PHARMA CO 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)

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. Duryodhan Singh	India	650	n/a	65.00
2	Mrs. Pratima Singh	India	200	n/a	20.00
3	Mr. Ritesh Singh	India	150	n/a	15.00
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
Local	Cash on delivery (COD) Credit - Unsecured 30~60 days
Import	Letter of Credit (At-sight) Telegraphic Transfer (T/T) - Executed at time of transaction

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.

ADDITIONAL INFORMATION

Primary Products

Products / Materials / Services Description	Activity
Medical equipment	Importing, Trading
Medicine	Importing, Trading
Pharmaceutical	Importing, Trading

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Drugs/Druggists' Sundries	5122	Importing, Trading
Medical/Dental Equip/Supplies	5047	Importing, Trading
Pharmaceutical preparations	2834	Importing, Trading

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Medical, surgical, dental or vet inst, no elec, part	9018	Importing, Trading
Other drugs,nesoi	2934302700	Importing, Trading
Other instruments and appliances used in medical, surgical, dental or veterinary sciences	9018908000	Importing, Trading
Pharmaceutical products	3000	Importing, Trading

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of GALAXY PHARMA CO LTD is Importing - Finished products.

Key products include :

• Medical equipment
• Medicine
• Pharmaceutical

An integral part of the core business includes:

• Distribution

DOMESTIC SALES & PURCHASES

Annual Sales Analysis	Percentage
Domestic Sales	100%

Annual Purchases Analysis	Percentage
Local Purchases	20%
Imports	80%

INTERNATIONAL TRADE - Activity & Markets

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

OFFICE & FACILITIES

Name	:	GALAXY PHARMA CO LTD - KHAN MEAN CHEY, PHNOM PENH
Address	:	120B, 17BT Sangkat Beong Tumpon, Khan Mean Chey, Phnom Penh 12306
Country	:	Cambodia
Status	:	Operational

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.53
UK Pound	1	Rs.100.73
Euro	1	Rs.83.84

INFORMATION DETAILS

Report Prepared by :

MNL

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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