MIRA INFORM REPORT

 

 

Report Date :

22.10.2014

 

 

 

IDENTIFICATION DETAILS

 

Name :

UNITED LABORATORIES, INC.

 

 

Registered Office :

No. 66 United Street, Barangay Highway Hills, Mandaluyong City 1550,

 

 

Country :

Philippines

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

10.08.1953

 

 

Com. Reg. No.:

8205

 

 

Legal Form :

Corporation

 

 

Line of Business :

Manufacturer, exporter, and distributor of pharmaceutical products.

 

 

No. of Employees :

2,500

 

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Philippines

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

PHILIPPINES - ECONOMIC OVERVIEW

 

The economy has weathered global economic and financial downturns better than its regional peers due to minimal exposure to troubled international securities, lower dependence on exports, relatively resilient domestic consumption, large remittances from four- to five-million overseas Filipino workers, and a rapidly expanding business process outsourcing industry. The current account balance had recorded consecutive surpluses since 2003; international reserves are at record highs; the banking system is stable; and the stock market was Asia's second best-performer in 2012. Efforts to improve tax administration and expenditure management have helped ease the Philippines' tight fiscal situation and reduce high debt levels. The Philippines has received several credit rating upgrades on its sovereign debt, and has had little difficulty tapping domestic and international markets to finance its deficits. Economic growth in the Philippines averaged 4.5% during the MACAPAGAL-ARROYO administration, but poverty worsened during her term. Growth has accelerated under the AQUINO government, but with limited progress thus far in bringing down unemployment, which hovers around 7%, and improving the quality of jobs. Underemployment is nearly 20% and more than 40% of the employed are estimated to be working in the informal sector. The AQUINO administration has been working to boost the budgets for education, health, cash transfers to the poor, and other social spending programs, and is relying on the private sector to help fund major infrastructure projects under its Public-Private Partnership program. Long term challenges include reforming governance and the judicial system, building infrastructure, improving regulatory predictability, and the ease of doing business, attracting higher levels of local and foreign investments. The Philippine Constitution and the other laws continue to restrict foreign ownership in important activities/sectors (such as land ownership and public utilities)

 

Source : CIA

 

 

 

 


Company name and address

 

Company Name:

UNITED LABORATORIES, INC.

Trading Name:

UNILAB

Supplied Name:

UNITED LABORATORIES INC

Trading Address:

No. 66 United Street, Barangay Highway Hills, Mandaluyong City 1550, Philippines

Supplied Address:

66 United Street Mandaluyong City Metro Manila

Telephone Number:

+63-(02) 858-1000; 631-8501; 631-8056; 631-6036; 637-8873

Fax Number:

+63-(02) 631-6036; 637-9131; 631-3580; 858-1635

Website:

www.unilab.com.ph

Note: The exact name and address are as above.

 

 

Company Identification Details

 

Registered Number:

8205

Legal Form:

Corporation

Date Incorporated:

10/08/1953

03/12/1997 (extension)

Authorized Capital:

Organizer: PHP 2,000,000,000.00 (USD 45,640,000)

Common: PHP 8,000,000,000.00(USD 182,560,000)

 (As of 2014.03, 1 PHP = 0.02228 USD)

Subscribed Capital:

Organizer: PHP 563,557,800.00 (USD 12,860,389.00)

Common: PHP 5,125,000,000.00 (USD 116,952,500.00

Paid-up Capital:

Organizer: PHP 563,557,800.00 (USD 12,860,389.00)

Common: PHP 5,125,000,000.00 (USD 116,952,500.00)

Par Value Per Share:

Organizer: PHP 25.00 (USD 0.557)

Common: PHP 100.00 (USD 2.228)

Listed at Stock Exchange:

No

Staff:

About 2,500 office personnel, production, and field representatives (per available report dated March 4, 2013)

Note: Amounts in Philippine Peso unless otherwise specified.

 

 

History

 

CORPORATION

 

Verification with the local registry revealed the following correct registration details as of (October 17, 2014).

 

Company Background

Regulatory Agency

Date Registered

Registration No.

Term

Securities and Exchange Commission

10/08/1953

8205

50 years

Securities and Exchange Commission

03/12/1997 (extension)

8205

50 years

 

On December 14, 2012, the Securities and Exchange Commission approved the merger between subject and Unilab Nutritionals, Inc. with subject as the surviving entity.

 

As of 2013-12-18

Type

Amount

Par Value

Authorized Capital (Organizer’s Stock)

2,000,000,000.00

25.00

Authorized Capital (Common Stock)

8,000,000,000.00

100.00

Subscribed and Paid Up Capital (Common Stock)

5,125,000,000.00

100.00

Subscribed and Paid Up Capital (Organizer’s Stock)

563,557,800.00

25.00

Capital structure per latest available General Information Sheet.

 

Increase in authorized capital stock from 200,000,000 to 450,000,000 was approved by the Securities and Exchange Commission on June 13, 1980; to 1,500,000,000, on May 2, 1986; to 2,500,000,000 on September 21, 1990; to 5,000,000,000 on November 5, 1993; to 10,000,000,000 on February 10, 1999.

 

 

Corporate Structure

 

SUBSIDIARIES

Amherst Laboratories, Inc.; Asian Antibiotics, Inc.; Amherst Parenterals, Inc.; Biofemme, Inc.; Excelcorp, Inc.; First Pioneer Distribution, Inc.; Innovitelle, Inc.; Medichem Pharmaceuticals, Inc.; Pediatrica, Inc.; Phil. Health Food Mfg., Inc.; Reliance Health Services, Inc.; Ritemed Phils., Inc.; Unilab Nutritionals, Inc.; UNAHCO, Inc. (formerly Univet Agricultural Products, Inc.); Westmont Pharmaceuticals, Inc.

 

AFFILIATES:

Adenphar Pharmaceuticals, Inc.; Alaxan Corp.; Allerin, Inc.; Banner Health, Inc.; Biogesic, Inc.; Biomedis, Inc.; Chiron United, Inc.; Consumer Products, Inc.; Data Processing Ser. Corp.; Decolgen Corp.; Diatabs Corp.; Enervon Corp.; General Drug & Chemical Co., Inc.; Globalmed Health Solutions, Inc.; HighPoint Holdings, Inc.; Infosource Holdings, Inc.; Kremil Corp.; Life Foods of America, Inc.; LR Imperial, Inc.; Medway Pharmaceuticals, Inc.; Myra Pharmaceuticals, Inc.; Neozep, Inc.; Noves Healthworks Corp.; Novexscience, Inc.; Pharma Express Co.; Solmux, Inc.; The Krieger Confectionery Corp.; Therapharma, Inc.; Treasure Valley Land Development Corp.; Tuseran Corporation; ULIVaccines, Inc.; Unilab Air, Inc.; Unilab Generics, Inc.; Unilab Information Technology, Inc.; Unilab Properties, Inc.; Unipharma, Inc.; Uniskin Corp.; United American Pharmaceuticals, Inc.; United Brand Management, Inc.; United Home Femina, Inc.; United Home Products, Inc.; Active Research & Mgt. Corp.; Narra Princeton Holdings Limited; Dao Investment Mgt. Corp.; Dolmar Real Est. Dev. Corp.; Dynavision Dev. Inv. Corp.; Northwest Marine Drive Co. Ltd.; Rainbow Real Est. Corp.; Ultra Resources Holdings, Inc.; Castleton Land Development Corp.; Rockland Realty Corp.; Balibago Land Corporation; Spectrum Travel and Tours, Inc.; Sheridan LRT Holdings, Inc.; Armadillo Protective Security Agency, Inc.; Fort Bonifacio Development Corp.; Greenfield Development Corp.; Fortune Securities, Inc.; First Asia Business Consultants, Inc.; Gel Pacific, Inc.; Fidelity Investment Corp.; Prudential Business Entity, Inc.; Southern Heights Land Development Corp.; Merisant Sweetener (Philippines), Inc.; Par Investment & Realty Corp.; Marketer’s One Network, Inc.

 

 

Shareholders

 

As of 2013-12-18

Unit: PHP

Name

Subscribed and Paid-Up

Capital Type

Nationality

ACTIVE RESEARCH & MGT. CORP.

994,634,200.00

Subscribed and Paid Up

Filipino

NARRA PRINCETON HOLDINGS LIMITED

68,689,125.00

Subscribed and Paid Up

Filipino

DAO INVESTMENT MGT. CORP.

624,722,525.00

Subscribed and Paid Up

Filipino

DOLMAR REAL EST. DEV. CORP.

1,275,956,175.00

Subscribed and Paid Up

Filipino

DYNAVISION DEV. INV. CORP.

1,962,233,950.00

Subscribed and Paid Up

Filipino

NORTHWEST MARINE DRIVE CO. LTD.

333,467,725.00

Subscribed and Paid Up

Filipino

OTHERS

225.00

Subscribed and Paid Up

Filipino

RAINBOW REAL EST. CORP.

29,229,925.00

Subscribed and Paid Up

Filipino

TREASURY SHARES

257,991,975.00

Subscribed and Paid Up

Filipino

ULTRA RESOURCES HOLDINGS, INC.

140,941,400.00

Subscribed and Paid Up

Filipino

CAMPOS, JOSELITO D. JR.

218,625.00

Subscribed and Paid Up

Filipino

HESS, JOCELYN CAMPOS

218,625.00

Subscribed and Paid Up

Filipino

CAMPOS, JEFFREY D.

218,625.00

Subscribed and Paid Up

Filipino

DEE, HOWARD Q.

18,450.00

Subscribed and Paid Up

Filipino

TAN, MARIANO K.

16,100.00

Subscribed and Paid Up

Filipino

TAN, MARIANO JOHN L. JR.

25.00

Subscribed and Paid Up

Filipino

HESS, CLINTON ANDREW

25.00

Subscribed and Paid Up

Filipino

DEE, RICHARD C.

25.00

Subscribed and Paid Up

Filipino

SANTOS, GIL A.

25.00

Subscribed and Paid Up

Filipino

YAP, BENJAMIN W.

25.00

Subscribed and Paid Up

Filipino

STA. MARIA, ANDRES B.

25.00

Subscribed and Paid Up

Filipino

TOTAL

 

 

 

 

 

Management Information

 

Management:

1

Name:

HESS, JOCELYN CAMPOS

Position:

Chairman

Address:

c/o 66 United Street, Mandaluyong City

2

Name:

HESS, CLINTON ANDREW

Position:

Vice Chairman / President / Chief Executive Officer

Address:

c/o 66 United Street, Mandaluyong City

3

Name:

SANTOS, GIL A.

Position:

Senior Vice President / Treasurer / Director

Address:

c/o 66 United Street, Mandaluyong City

4

Name:

TAN, MARIANO JOHN L. JR.

Position:

Vice Chairman

Address:

c/o 66 United Street, Mandaluyong City

5

Name:

DEE, RICHARD C.

Position:

Senior Vice President / Director

Address:

c/o 66 United Street, Mandaluyong City

6

Name:

STA. MARIA, ANDRES B.

Position:

Director

Address:

c/o 105 Paseo de Roxas, Makati City

7

Name:

YAP, BENJAMIN W.

Position:

Executive Vice President / Chief Operating Officer / Director

Address:

c/o 66 United Street, Mandaluyong City

8

Name:

DIGA, JOSELITO G

Position:

Senior Vice President / Chief Finance Officer

Address:

c/o 66 United Street, Mandaluyong City

9

Name:

RAMOS-AΡONUEVO, MARIEVIC G.

Position:

Corporate Secretary

Address:

c/o 105 Paseo de Roxas, Makati City

10

Name:

PANIGBATAN, BENEDICTO P.

Position:

Assistant Corporate Secretary

Address:

c/o 105 Paseo de Roxas, Makati City

11

Name:

LADRERA, LUIS R.

Position:

Assistant Corporate Secretary

Address:

c/o 66 United Street, Mandaluyong City

 

 

Operation

 

Activities

Manufacturer, exporter, and distributor of pharmaceutical products.

Sales/Purchases Information

Import:

Yes

Export:

No

Selling Terms:

 

Territory:

Local

Main Customers:

 

Premises

Locating at the above address.

 

Balance Sheet

 

Unit: PHP

Balance Sheet

2013.12.31

2012.12.31

Total Current Assets

32,919,260,138.00

29,798,960,445.00

Cash

13,842,579,203.00

13,097,052,586.00

Short Invest

0.00

0.00

Receivable

13,875,230,128.00

12,480,351,646.00

Inventory

4,641,074,380.00

3,745,456,787.00

Other Current Assets

560,376,427.00

476,099,426.00

Long Invest Total

0.00

0.00

Long Invest Security

0.00

0.00

Long Invest Equity

0.00

0.00

Long Invest Other

0.00

0.00

Fixed Assets Total

7,190,812,961.00

5,820,428,722.00

Fixed Assets

7,190,812,961.00

5,820,428,722.00

Depreciation Total

0.00

0.00

Intangible Assets

403,871,407.00

385,923,148.00

Other Assets

6,986,719,057.00

6,680,360,888.00

Total Assets

47,500,663,563.00

42,685,673,203.00

Total Current Debt

18,173,862,369.00

15,054,671,028.00

Short Loan

0.00

0.00

Accounts Payable

12,626,221,210.00

10,561,002,240.00

Other Current Liability

5,547,641,159.00

4,493,668,788.00

Long Liability Total

0.00

0.00

Long Leases

0.00

0.00

Long Loan

0.00

0.00

Long Loan Other

 

0.00

Total Liability

18,173,862,369.00

15,054,671,028.00

Total Equity

29,326,801,194.00

27,631,002,175.00

Share Capital

5,688,557,800.00

5,688,557,800.00

Capital Paid

197,535,539.00

197,535,539.00

Legal Reserve

0.00

0.00

Surplus Reserve

0.00

0.00

Undistributed Profit

0.00

0.00

Retained Earning

23,153,416,951.00

20,973,654,270.00

Other Equity

287,290,904.00

771,254,566.00

Total Liability And Equity

47,500,663,563.00

42,685,673,203.00

Equity

0.00

0.00

Working Capital

17.88

17.87

 

 

Profit/ Loss Accounts

 

Unit: PHP

 

2013

2012

Operating Revenue

0.00

0.00

Sales Revenue

32,940,427,946.00

31,700,582,923.00

Interest Revenue

0.00

0.00

Other Revenue

1,621,563,166.00

1,425,726,698.00

Total Revenue

34,561,991,112.00

33,126,309,621.00

Sales Cost

17,430,331,353.00

16,592,877,369.00

Gross Profit

15,510,096,593.00

15,107,705,554.00

Sales Expenses

13,515,117,662.00

13,303,442,011.00

Management Expenses

0.00

0.00

Financial Expenses

98,650,994.00

5,288,324.00

Total Expenses

31,044,100,009.00

29,901,607,704.00

Operating Profit

3,517,891,103.00

3,224,701,917.00

Non Operating Profit

0.00

0.00

Profit Before Tax

3,517,891,103.00

3,224,701,917.00

Tax

738,683,156.00

713,894,661.00

Net Profit

2,779,207,947.00

2,510,807,256.00

 

Cash Flow

 

Unit: PHP

 

2013

2012

Operating Net Cash

2,441,605,117.00

4,213,146,139.00

Investment Net Cash

-1,096,633,234.00

-1,280,351,449.00

Finance Net Cash

-599,445,266.00

-434,445,266.00

 

Bankers

 

BANKING

 

Citibank NA

Bank of the Philippine Islands

Rizal Commercial Banking Corporation

 

Please see below credit exposure report under the name “UNITED LABORATORIES, INC.” as of 2014-3-31.

 

Subject: UNITED LABORATORIES INC

 

Loans and Receivables

This section contains credit exposure of one million and above transactions reported quarterly by banks and other financial institutions.

For quarter ending as of 2014-3-31

 Unit: PHP

NO

Loan Type

Loan Status

Outstanding Amount

Market Gain/Loss

Secured Amount

Unsecured Amount

1.

33 – Receivables Financed

Current

1,919,373.12

0.00

0.00

1,919,373.12

2.

Time Loans

Current

136,772.00

0.00

0.00

136,772.00

3.

Time Loans

Current

204,102.87

0.00

0.00

204,102.87

4.

Time Loans

Current

200,750.14

0.00

0.00

200,750.14

5.

Time Loans

Current

192,580.25

0.00

0.00

192,580.25

6.

Time Loans

Current

79,829.61

0.00

0.00

79,829.61

7.

Time Loans

Current

75,447.68

0.00

0.00

75,447.68

8.

Time Loans

Current

164,101.77

0.00

0.00

164,101.77

9.

Time Loans

Current

73,339.08

0.00

0.00

73,339.08

10.

Time Loans

Current

327,454.67

0.00

0.00

327,454.67

11.

Time Loans

Current

134,833.21

0.00

0.00

134,833.21

12.

Time Loans

Current

22,014.01

0.00

0.00

22,014.01

13.

Time Loans

Current

369,473.33

0.00

0.00

369,473.33

14.

Time Loans

Current

61,287.39

0.00

0.00

61,287.39

15.

Time Loans

Current

26,792.18

0.00

0.00

26,792.18

16.

Time Loans

Current

117,378.51

0.00

0.00

117,378.51

17.

Time Loans

Current

18,261.46

0.00

0.00

18,261.46

18.

Time Loans

Current

19,498.02

0.00

0.00

19,498.02

19.

Time Loans

Current

330,283.25

0.00

0.00

330,283.25

20.

Time Loans

Current

540,831.93

0.00

0.00

540,831.93

21.

Time Loans

Current

203,101.96

0.00

0.00

203,101.96

22.

Time Loans

Current

61,362.84

0.00

0.00

61,362.84

23.

Time Loans

Current

199,994.98

0.00

0.00

199,994.98

24.

Time Loans

Current

64,796.66

0.00

0.00

64,796.66

 

 

Letters of Credit/Guarantee

 

This section contains credit exposure records of one million and above transactions reported quarterly by banks and other financial institutions.

For quarter ending as of 2014-3-31

Unit: PHP

NO

Face Value

Amount Unavailed

LC Type

1.

22,580.47

22,580.47

LETTERS OF CREDIT – Stand-by Letters of Credit

2.

26,509.90

26,509.90

LETTERS OF CREDIT – Stand-by Letters of Credit

3.

26,262.77

26,262.77

LETTERS OF CREDIT – Stand-by Letters of Credit

4.

17,183.75

17,183.75

LETTERS OF CREDIT – Stand-by Letters of Credit

5.

25,878.21

25,878.21

LETTERS OF CREDIT – Stand-by Letters of Credit

6.

26,750.00

26,750.00

LETTERS OF CREDIT – Stand-by Letters of Credit

7.

25,700.80

25,700.80

LETTERS OF CREDIT – Stand-by Letters of Credit

8.

25,059.48

25,059.48

LETTERS OF CREDIT – Stand-by Letters of Credit

9.

23,412.30

23,412.30

LETTERS OF CREDIT – Stand-by Letters of Credit

10.

22,868.27

22,868.27

LETTERS OF CREDIT – Stand-by Letters of Credit

11.

22,317.83

22,317.83

LETTERS OF CREDIT – Stand-by Letters of Credit

12.

22,200.00

22,200.00

LETTERS OF CREDIT – Stand-by Letters of Credit

13.

21,968.16

21,968.16

LETTERS OF CREDIT – Stand-by Letters of Credit

14.

21,965.65

21,965.65

LETTERS OF CREDIT – Stand-by Letters of Credit

15.

21,585.87

21,585.87

LETTERS OF CREDIT – Stand-by Letters of Credit

16.

20,938.87

20,938.87

LETTERS OF CREDIT – Stand-by Letters of Credit

17.

20,488.02

20,488.02

LETTERS OF CREDIT – Stand-by Letters of Credit

18.

15,900.53

15,900.53

LETTERS OF CREDIT – Stand-by Letters of Credit

19.

15,649.20

15,649.20

LETTERS OF CREDIT – Stand-by Letters of Credit

20.

15,301.80

15,301.80

LETTERS OF CREDIT – Stand-by Letters of Credit

21.

45,121.28

45,121.28

LETTERS OF CREDIT – Stand-by Letters of Credit

22.

20,722.24

20,722.24

LETTERS OF CREDIT – Stand-by Letters of Credit

23.

32,767.68

32,767.68

LETTERS OF CREDIT – Stand-by Letters of Credit

24.

46,000.00

46,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

25.

46,000.00

46,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

26.

7,166.21

7,166.21

LETTERS OF CREDIT – Stand-by Letters of Credit

27.

44,109.00

44,109.00

LETTERS OF CREDIT – Stand-by Letters of Credit

28.

14,255.11

14,255.11

LETTERS OF CREDIT – Stand-by Letters of Credit

29.

43,859.11

43,859.11

LETTERS OF CREDIT – Stand-by Letters of Credit

30.

42,000.00

42,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

31.

40,134.80

40,134.80

LETTERS OF CREDIT – Stand-by Letters of Credit

32.

36,619.97

36,619.97

LETTERS OF CREDIT – Stand-by Letters of Credit

33.

44,000.00

44,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

34.

33,033.31

33,033.31

LETTERS OF CREDIT – Stand-by Letters of Credit

35.

26,941.65

26,941.65

LETTERS OF CREDIT – Stand-by Letters of Credit

36.

31,975.72

31,975.72

LETTERS OF CREDIT – Stand-by Letters of Credit

37.

31,704.10

31,704.10

LETTERS OF CREDIT – Stand-by Letters of Credit

38.

31,601.72

31,601.72

LETTERS OF CREDIT – Stand-by Letters of Credit

39.

31,099.33

31,099.33

LETTERS OF CREDIT – Stand-by Letters of Credit

40.

30,530.84

30,530.84

LETTERS OF CREDIT – Stand-by Letters of Credit

41.

30,339.50

30,339.50

LETTERS OF CREDIT – Stand-by Letters of Credit

42.

30,000.23

30,000.23

LETTERS OF CREDIT – Stand-by Letters of Credit

43.

30,000.00

30,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

44.

29,986.56

29,986.56

LETTERS OF CREDIT – Stand-by Letters of Credit

45.

36,345.50

36,345.50

LETTERS OF CREDIT – Stand-by Letters of Credit

46.

2,434.84

2,434.84

LETTERS OF CREDIT – Stand-by Letters of Credit

47.

5,471.28

5,471.28

LETTERS OF CREDIT – Stand-by Letters of Credit

48.

5,294.78

5,294.78

LETTERS OF CREDIT – Stand-by Letters of Credit

49.

5,220.00

5,220.00

LETTERS OF CREDIT – Stand-by Letters of Credit

50.

5,095.20

5,095.20

LETTERS OF CREDIT – Stand-by Letters of Credit

51.

3,839.00

3,839.00

LETTERS OF CREDIT – Stand-by Letters of Credit

52.

3,798.08

3,798.08

LETTERS OF CREDIT – Stand-by Letters of Credit

53.

3,532.31

3,532.31

LETTERS OF CREDIT – Stand-by Letters of Credit

54.

3,037.50

3,037.50

LETTERS OF CREDIT – Stand-by Letters of Credit

55.

7,678.00

7,678.00

LETTERS OF CREDIT – Stand-by Letters of Credit

56.

2,918.62

2,918.62

LETTERS OF CREDIT – Stand-by Letters of Credit

57.

6,522.80

6,522.80

LETTERS OF CREDIT – Stand-by Letters of Credit

58.

2,179.40

2,179.40

LETTERS OF CREDIT – Stand-by Letters of Credit

59.

2,100.00

2,100.00

LETTERS OF CREDIT – Stand-by Letters of Credit

60.

1,974.16

1,974.16

LETTERS OF CREDIT – Stand-by Letters of Credit

61.

1,890.00

1,890.00

LETTERS OF CREDIT – Stand-by Letters of Credit

62.

1,800.00

1,800.00

LETTERS OF CREDIT – Stand-by Letters of Credit

63.

1,755.65

1,755.65

LETTERS OF CREDIT – Stand-by Letters of Credit

64.

1,594.12

1,594.12

LETTERS OF CREDIT – Stand-by Letters of Credit

65.

1,551.20

1,551.20

LETTERS OF CREDIT – Stand-by Letters of Credit

66.

1,136.00

1,136.00

LETTERS OF CREDIT – Stand-by Letters of Credit

67.

3,000.00

3,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

68.

9,330.21

9,330.21

LETTERS OF CREDIT – Stand-by Letters of Credit

69.

13,725.00

13,725.00

LETTERS OF CREDIT – Stand-by Letters of Credit

70.

13,299.60

13,299.60

LETTERS OF CREDIT – Stand-by Letters of Credit

71.

12,848.02

12,848.02

LETTERS OF CREDIT – Stand-by Letters of Credit

72.

12,393.55

12,393.55

LETTERS OF CREDIT – Stand-by Letters of Credit

73.

12,370.60

12,370.60

LETTERS OF CREDIT – Stand-by Letters of Credit

74.

12,000.00

12,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

75.

11,131.29

11,131.29

LETTERS OF CREDIT – Stand-by Letters of Credit

76.

10,626.45

10,626.45

LETTERS OF CREDIT – Stand-by Letters of Credit

77.

10,446.72

10,446.72

LETTERS OF CREDIT – Stand-by Letters of Credit

78.

5,872.05

5,872.05

LETTERS OF CREDIT – Stand-by Letters of Credit

79.

10,049.87

10,049.87

LETTERS OF CREDIT – Stand-by Letters of Credit

80.

6,195.96

6,195.96

LETTERS OF CREDIT – Stand-by Letters of Credit

81.

9,254.40

9,254.40

LETTERS OF CREDIT – Stand-by Letters of Credit

82.

8,515.00

8,515.00

LETTERS OF CREDIT – Stand-by Letters of Credit

83.

8,112.00

8,112.00

LETTERS OF CREDIT – Stand-by Letters of Credit

84.

7,978.78

7,978.78

LETTERS OF CREDIT – Stand-by Letters of Credit

85.

7,862.40

7,862.40

LETTERS OF CREDIT – Stand-by Letters of Credit

86.

48,420.02

48,420.02

LETTERS OF CREDIT – Stand-by Letters of Credit

87.

7,643.25

7,643.25

LETTERS OF CREDIT – Stand-by Letters of Credit

88.

7,006.90

7,006.90

LETTERS OF CREDIT – Stand-by Letters of Credit

89.

13,876.95

13,876.95

LETTERS OF CREDIT – Stand-by Letters of Credit

90.

10,174.50

10,174.50

LETTERS OF CREDIT – Stand-by Letters of Credit

91.

371,152.43

371,152.43

LETTERS OF CREDIT – Stand-by Letters of Credit

92.

280,106.12

280,106.12

LETTERS OF CREDIT – Stand-by Letters of Credit

93.

700,000.00

700,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

94.

50,000.00

50,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

95.

632,804.07

632,804.07

LETTERS OF CREDIT – Stand-by Letters of Credit

96.

560,000.00

560,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

97.

516,276.40

516,276.40

LETTERS OF CREDIT – Stand-by Letters of Credit

98.

437,199.40

437,199.40

LETTERS OF CREDIT – Stand-by Letters of Credit

99.

418,448.05

418,448.05

LETTERS OF CREDIT – Stand-by Letters of Credit

100.

412,731.70

412,731.70

LETTERS OF CREDIT – Stand-by Letters of Credit

101.

800,000.00

800,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

102.

382,120.01

382,120.01

LETTERS OF CREDIT – Stand-by Letters of Credit

103.

820,000.00

820,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

104.

370,667.40

370,667.40

LETTERS OF CREDIT – Stand-by Letters of Credit

105.

367,264.33

367,264.33

LETTERS OF CREDIT – Stand-by Letters of Credit

106.

349,582.02

349,582.02

LETTERS OF CREDIT – Stand-by Letters of Credit

107.

335,375.14

335,375.14

LETTERS OF CREDIT – Stand-by Letters of Credit

108.

314,700.00

314,700.00

LETTERS OF CREDIT – Stand-by Letters of Credit

109.

307,063.63

307,063.63

LETTERS OF CREDIT – Stand-by Letters of Credit

110.

300,000.00

300,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

111.

290,538.95

290,538.95

LETTERS OF CREDIT – Stand-by Letters of Credit

112.

290,000.00

290,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

113.

403,122.16

403,122.16

LETTERS OF CREDIT – Stand-by Letters of Credit

114.

1,169,407.40

1,169,407.40

LETTERS OF CREDIT – Stand-by Letters of Credit

115.

6,196.77

6,196.77

LETTERS OF CREDIT – Stand-by Letters of Credit

116.

15,397,935.00

15,397,935.00

LETTERS OF CREDIT – Stand-by Letters of Credit

117.

4,748,111.79

4,748,111.79

LETTERS OF CREDIT – Stand-by Letters of Credit

118.

4,144,963.36

4,144,963.36

LETTERS OF CREDIT – Stand-by Letters of Credit

119.

3,958,751.08

3,958,751.08

LETTERS OF CREDIT – Stand-by Letters of Credit

120.

3,848,985.00

3,848,985.00

LETTERS OF CREDIT – Stand-by Letters of Credit

121.

2,068,655.64

2,068,655.64

LETTERS OF CREDIT – Stand-by Letters of Credit

122.

2,055,213.80

2,055,213.80

LETTERS OF CREDIT – Stand-by Letters of Credit

123.

2,000,000.00

2,000,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

124.

762,970.00

762,970.00

LETTERS OF CREDIT – Stand-by Letters of Credit

125.

1,391,278.24

1,391,278.24

LETTERS OF CREDIT – Stand-by Letters of Credit

126.

598,953.26

598,953.26

LETTERS OF CREDIT – Stand-by Letters of Credit

127.

1,100,000.00

1,100,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

128.

1,040,000.00

1,040,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

129.

1,000,000.00

1,000,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

130.

993,276.52

993,276.52

LETTERS OF CREDIT – Stand-by Letters of Credit

131.

941,360.00

941,360.00

LETTERS OF CREDIT – Stand-by Letters of Credit

132.

906,000.00

906,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

133.

900,000.00

900,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

134.

877,773.57

877,773.57

LETTERS OF CREDIT – Stand-by Letters of Credit

135.

833,384.51

833,384.51

LETTERS OF CREDIT – Stand-by Letters of Credit

136.

1,478,608.00

1,478,608.00

LETTERS OF CREDIT – Stand-by Letters of Credit

137.

74,307.75

74,307.75

LETTERS OF CREDIT – Stand-by Letters of Credit

138.

94,504.81

94,504.81

LETTERS OF CREDIT – Stand-by Letters of Credit

139.

94,234.80

94,234.80

LETTERS OF CREDIT – Stand-by Letters of Credit

140.

92,552.00

92,552.00

LETTERS OF CREDIT – Stand-by Letters of Credit

141.

88,953.27

88,953.27

LETTERS OF CREDIT – Stand-by Letters of Credit

142.

84,050.00

84,050.00

LETTERS OF CREDIT – Stand-by Letters of Credit

143.

80,000.00

80,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

144.

76,502.48

76,502.48

LETTERS OF CREDIT – Stand-by Letters of Credit

145.

76,228.28

76,228.28

LETTERS OF CREDIT – Stand-by Letters of Credit

146.

76,000.00

76,000.00

LETTERS OF CREDIT – Stand-by Letters of Credit

147.

98,200.00

98,200.00

LETTERS OF CREDIT – Stand-by Letters of Credit

148.

75,034.00

75,034.00

LETTERS OF CREDIT – Stand-by Letters of Credit

149.

59,625.20

59,625.20

LETTERS OF CREDIT – Stand-by Letters of Credit

150.

71,325.00

71,325.00

LETTERS OF CREDIT – Stand-by Letters of Credit

151.

67,546.96

67,546.96

LETTERS OF CREDIT – Stand-by Letters of Credit

152.

67,349.15

67,349.15

LETTERS OF CREDIT – Stand-by Letters of Credit

153.

64,675.20

64,675.20

LETTERS OF CREDIT – Stand-by Letters of Credit

154.

63,951.43

63,951.43

LETTERS OF CREDIT – Stand-by Letters of Credit

155.

279,834.20

279,834.20

LETTERS OF CREDIT – Stand-by Letters of Credit

156.

58,498.00

58,498.00

LETTERS OF CREDIT – Stand-by Letters of Credit

157.

670,286.00

670,286.00

LETTERS OF CREDIT – Stand-by Letters of Credit

158.

55,314.00

55,314.00

LETTERS OF CREDIT – Stand-by Letters of Credit

159.

53,964.68

53,964.68

LETTERS OF CREDIT – Stand-by Letters of Credit

160.

75,744.01

75,744.01

LETTERS OF CREDIT – Stand-by Letters of Credit

161.

160,151.30

160,151.30

LETTERS OF CREDIT – Stand-by Letters of Credit

162.

114,467.40

114,467.40

LETTERS OF CREDIT – Stand-by Letters of Credit

163.

226,870.29

226,870.29

LETTERS OF CREDIT – Stand-by Letters of Credit

164.

225,906.94

225,906.94

LETTERS OF CREDIT – Stand-by Letters of Credit

165.

204,362.51

204,362.51

LETTERS OF CREDIT – Stand-by Letters of Credit

166.

195,715.31

195,715.31

LETTERS OF CREDIT – Stand-by Letters of Credit

167.

55,628.00

55,628.00

LETTERS OF CREDIT – Stand-by Letters of Credit

168.

167,365.90

167,365.90

LETTERS OF CREDIT – Stand-by Letters of Credit

169.

151,422.00

151,422.00

LETTERS OF CREDIT – Stand-by Letters of Credit

170.

146,266.00

146,266.00

LETTERS OF CREDIT – Stand-by Letters of Credit

171.

144,850.00

144,850.00

LETTERS OF CREDIT – Stand-by Letters of Credit

172.

119,973.76

119,973.76

LETTERS OF CREDIT – Stand-by Letters of Credit

173.

116,500.00

116,500.00

LETTERS OF CREDIT – Stand-by Letters of Credit

174.

190,779.30

190,779.30

LETTERS OF CREDIT – Stand-by Letters of Credit

175.

119,270.00

119,270.00

LETTERS OF CREDIT – Stand-by Letters of Credit

176.

140,025.00

140,025.00

LETTERS OF CREDIT – Stand-by Letters of Credit

177.

274,407.01

274,407.01

LETTERS OF CREDIT – Stand-by Letters of Credit

178.

120,600.32

120,600.32

LETTERS OF CREDIT – Stand-by Letters of Credit

179.

122,141.88

122,141.88

LETTERS OF CREDIT – Stand-by Letters of Credit

180.

122,836.50

122,836.50

LETTERS OF CREDIT – Stand-by Letters of Credit

181.

127,909.02

127,909.02

LETTERS OF CREDIT – Stand-by Letters of Credit

182.

128,721.50

128,721.50

LETTERS OF CREDIT – Stand-by Letters of Credit

183.

134,225.12

134,225.12

LETTERS OF CREDIT – Stand-by Letters of Credit

184.

5,999,831.30

5,999,831.30

LETTERS OF CREDIT – Regular Letters of Credit

185.

15,777,818.14

15,777,818.14

LETTERS OF CREDIT – Regular Letters of Credit

186.

25,302,477.13

25,302,477.13

LETTERS OF CREDIT – Regular Letters of Credit

 

No dealings based on credit exposure report with one million and above dealings under the name “UNILAB” as of 2014-3-31

 

Public Records

 

Negative Records

 

Please see below search results (court cases and delinquent accounts) under the name “UNITED LABORATORIES, INC.”

 

ACCOUNTS REFERRED FOR COLLECTION RESULTS

(Information in this section refer to accounts endorsed for collection and accounts reported as delinquent.)

1

Name

UNITED LABORATORIES INC 

Creditor Name

NEW CENTURY TELECOMS INC (INFOPAGE) 

Amount

2229.08

Currency

PHP

Status

CLOSED AND UNCOLLECTED 

2

Name

UNITED LABORATORIES INC 

Creditor Name

SHANGRI-LA 

Endorsed Date

07/06/2005 

Address

66 UNITED STREET MANDALUYONG CITY 

Amount

82094.90 

Currency

PHP

Status

ENDING   

3

Name

UNITED LABORATORIES INC 

Creditor Name

NEW CENTURY TELECOMS INC (INFOPAGE) 

Address

1893 ACACIA ST EAST CAPITOL SITE CEBU CITY 

Amount

2130.33

Currency

PHP 

Status

CLOSED AND UNCOLLECTED 

4

Name

UNITED LABORATORIES INC 

Creditor Name

KIMBERLY CLARK PHILIPPINES INC 

Endorsed Date

07/17/2006

Address

UNITED STREET MANDALUYONG CITY 

Amount

1059.84 

Currency

PHP 

Status

PENDING 

 

Remarks: 

 

Cards Cancelled Results

No record found for subject UNITED LABORATORIES INC

 

Court Cases Results

1.  UNITED LABORATORIES INC 

Case Number  : 09 899 

Courts  : REGIONAL TRIAL COURT 

Branch  : 66 

Case Type  : INFRINGEMENT OF PATENT INJUNCTION 

Amount  : 0 

Plaintiff Name  : WARNER LAMBERT COMPANY LLC 

Action  : UNAVAILABLE 

Date Filed  : 10/08/2009 

City  : MAKATI CITY 

2.  UNITED LABORATORIES INC 

Case Number  : 02478 

Courts  : METROPOLITAN TRIAL COURT 

Branch  : 10 

Case Type  : DAMAGES 

Amount  : 0 

Plaintiff Name  : MALAYAN INSURANCE COMPANY INC 

Action  : UNAVAILABLE 

Date Filed  : 03/11/2013

City  : MANILA 

3.  UNITED LABORATORIES INC 

Case Number  : 21188 

Courts  : METROPOLITAN TRIAL COURT 

Branch  : 59 

Case Type  : DAMAGES  \

Amount  : 0 

Plaintiff Name  : KANAPI ROBERTO RICARDO O 

Action  : UNAVAILABLE 

Date Filed  : 03/31/2008 

City  : MANDALUYONG CITY 

4.  UNITED LABORATORIES INC 

Case Number  : MC05 2825 

Courts  : REGIONAL TRIAL COURT 

Branch  : 214 

Case Type  : SPECIFIC PERFORMANCE WITH DAMAGES 

Plaintiff Name  : CRUZ DANILO L 

Action  : UNAVAILABLE 

Date Filed  : 09/19/2005 

City  : MANDALUYONG CITY 

Remarks  : RE RAFFLED TO BRANCH 212 ON 09/26/2005 

5.  UNITED LABORATORIES INC 

Case Number  : MC05 2830 

Courts  : REGIONAL TRIAL COURT 

Branch  : 211 

Case Type  : SUM OF MONEY 

Plaintiff Name  : RGC CJEMICAL COMPANY INC 

Action  : UNAVAILABLE 

Date Filed  : 10/03/2005 

City  : MANDALUYONG CITY 

 

Remarks:

No negative records (court cases, credit cards cancelled and delinquent accounts) found under the name “UNILAB” in available database as of 2014-10-17


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.30

UK Pound

1

Rs.99.16

Euro

1

Rs.78.59

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.