MIRA INFORM REPORT

Report Date :

22.01.2014

IDENTIFICATION DETAILS

Name :	MEDICAL BIOMATERIAL AND PHARMACEUTICAL CO LTD
Formerly Known As :	XI NGHIEP DUOC PHAM VA SINH HOC Y TE XINGHIEP VAT LIEU SINH HOC MEBIFAC
Registered Office :	31 Ngo Thoi Nhiem St Ward 6, District 3, Ho Chi Minh
Country :	Vietnam
Date of Incorporation :	07.03.2007
Legal Form :	Company Limited
Line of Business :	Manufacturer of Medical Equipment and Pharmaceutical
No of Employees :	280

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	:	MEDICAL BIOMATERIAL AND PHARMACEUTICAL CO LTD
Address	:	31 Ngo Thoi Nhiem St Ward 6, District 3, Ho Chi Minh
Country	:	Vietnam
Phone (S)	:	[+84] 8-38156101
Facsimile	:	[+84] 8-38155683
Email	:	mebiphar@vnn.vn
Website	:	http://www.mebiphar.com
Primary Business Activity	:	Manufacturer
Key Industry	:	Medical Equipment & Pharmaceutical

Key Facts

Registered Legal Address

:

31 Ngo Thoi Nhiem St Ward 6, District 3, Ho Chi Minh

Operational Address

:

31 Ngo Thoi Nhiem St Ward 6, District 3, Ho Chi Minh

Trading Name

:

MEBIPHAR

Name History

:

Business Entity Name	Effective Date
XINGHIEP VAT LIEU SINH HOC MEBIFAC	1988
XI NGHIEP DUOC PHAM VA SINH HOC Y TE	27 Mar, 1993
MEDICAL BIOMATERIAL AND PHARMACEUTICAL CO LTD	7 Mar, 2007

Issuing Authority

:

Dept. of Planning & Investment - Ho Chi Minh

License Number

:

0300533351

License Status

:

License exists - Normal.

Legal Form - Category

:

Joint Stock Company

Legal Form

:

Company Limited

Legal Form - Abbreviation

:

CO LTD

Operational Status of Business

:

Normal

Date of Registration

:

7 Mar, 2007

Employees

:

280

Capital

:

US$ 1,707,125

Report Details

Country	:	Vietnam
Business Entity Name	:	MEDICAL BIOMATERIAL AND PHARMACEUTICAL CO LTD
Primary Business Activity	:	Manufacturer
Primary Industry	:	Medical Equipment & Pharmaceutical
Office Contact Details
Operating Address	:	31 Ngo Thoi Nhiem St Ward 6, District 3, Ho Chi Minh
Tel	:	[+84] 8-38156101
	:	[+84] 8-39303894
	:	[+84] 8-38150974
Fax	:	[+84] 8-38155683
Email	:	mebiphar@vnn.vn
Website Details
Website	:	http://www.mebiphar.com
Status	:	Normal - operational
Country of Registration	:	Vietnam
Ownership Type	:	Registered ownership by Subject Business Entity

DIRECTORS/MANAGEMENT

COMPANY MANAGEMENT

Management Listings

	Name	Nationality	Job Description	Dept. / Division
1	Ms. Pham Thanh Chau	Vietnamese	Chief Accountant	-
2	Mr. Bui Tri Kinh	Vietnamese	Vice Director	-
3	Ms. Phan Thi Tuy	Vietnamese	Vice Director	-

Management Details - 1

Personal Unique Identifier	:	MI03612512
Name	:	Ms. Pham Thanh Chau

Management Details - 2

Personal Unique Identifier	:	MI03612511
Name	:	Mr. Bui Tri Kinh
Date of Birth	:	1966

Management Details - 3

Personal Unique Identifier	:	MI03612510
Name	:	Ms. Phan Thi Tuy
Date of Birth	:	1967

COMPANY DIRECTORS

1
Personal Unique Identifier	:	MI03612508
Name	:	Mr. Nguyen Van Son
Date of Birth	:	1955
Nationality	:	Vietnamese

NEGATIVE INFORMATION

REPUTATION

Reference checking for the purpose of establishing the MEDICAL BIOMATERIAL AND PHARMACEUTICAL 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: VND - Vietnam Dong)

Authorized Capital

:

36,000,000,000

SHAREHOLDERS

Total number of shareholders	:	1
Total number of shares	:	n/a

No.	Shareholders	Country	Shares
			Number	Amount (VND)	%
1	SAIGON PHARMACEUTICAL CO	Vietnam	n/a	n/a	100.00
Total			n/a	n/a	100.00

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

PAYMENT TERMS

Selling

Type	Terms
Local	Cash on delivery (COD) Credit - Secured with Post-dated checks 30~90 days

Purchasing

Type	Terms
Local	Cash on delivery (COD) Credit - Secured with Post-dated checks 30~90 days
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 Vietnam, legal entities which are Joint Stock Company 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
Medical equipment	Manufacturing
Pharmaceutical equipment	Manufacturing

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Medical/Dental Equip/Supplies	5047	Manufacturing
Surgical and medical instruments and apparatus, nspf	3841	Manufacturing

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description	Code	Activity
Medical, surgical, dental or vet inst, no elec, part	9018	Manufacturing
Other instruments and appliances used in medical, surgical, dental or veterinary sciences	9018908000	Manufacturing
Pharmaceutical goods (specified sterile prod etc.)	3006	Manufacturing

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of MEDICAL BIOMATERIAL AND PHARMACEUTICAL CO LTD is Manufacturing - Finished products.

Key products include :

• Medical equipment
• Pharmaceutical equipment

An integral part of the core business includes:

· Distribution

Supplementary Business

In addition to the core business, MEDICAL BIOMATERIAL AND PHARMACEUTICAL CO LTD also is engaged in the following areas of business:

1. Importing

· Importing - Raw materials

DOMESTIC SALES & PURCHASES

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

Annual Purchases Analysis	Percentage
Local Purchases	20%
Imports	80%

BANK DETAILS

Bank Name	:	ASIA COMMERCIAL BANK
Global Identifier	:	P0075118
Branch	:	District 3,Ho Chi Minh
Branch Address	:	ASIA COMMERCIAL BANK - HO CHI MINH
SWIFT Code	:	ASCBVNVX

LOCAL BRANCHES & MANAGEMENT

Branch	:	MEDICAL BIOMATERIAL AND PHARMACEUTICAL CO LTD - TAN PHU DIST, HO CHI MINH
Branch Address	:	Lot III 18 Rd 3 Tan Binh Induatrial Zone, Tan Phu Dist, Ho Chi Minh

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
France	Medium	Importing
Germany	Medium	Importing
India	Medium	Importing
Japan	Medium	Importing
Korea, South (Republic of Korea)	Medium	Importing
Malaysia	Medium	Importing
Singapore	Medium	Importing
USA	Medium	Importing

OFFICE & FACILITIES

Name	:	MEDICAL BIOMATERIAL AND PHARMACEUTICAL CO LTD - DISTRICT 3, HO CHI MINH
Address	:	31 Ngo Thoi Nhiem St Ward 6, District 3, Ho Chi Minh
Country	:	Vietnam
Status	:	Operational

COMPANY HISTORY

Date	Details
1988	Established as government enterprise.
2007 - Mar	Changed formation to limited liability company.

PREVIOUS BUSINESS LICENSE/S

License Date	License No.
27 Mar, 1993	102484
22 Aug, 2006	4106000271

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 61.53
UK Pound	1	Rs. 101.08
Euro	1	Rs. 83.37

INFORMATION DETAILS

Report Prepared by :

DPT

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

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.