MEDICAL CENTER TRADING CORPORATION PIONEER STREET CORNER SHAW BOULEVARD BARRIO KAPITOLYO, PASIG CITY 1600, PHILIPPINES TEL NOS.: (632) 6311715 TO 17 FAX NO.: (632) 6317869 TIN NO. 000-280-681 E-MAIL ADDRESS: medcen@info.com.ph SUMMARY ORGANIZATION TYPE REGISTRATION NO. REGISTRATION DATE LINE OF BUSINESS PSIC NO. TERRITORY EMPLOYS EXPORTS IMPORTS CHIEF EXECUTIVE COURT RECORD PAYING RECORD BANK EXPOSURE REVENUE NET WORTH CORPORATION 3788 JULY 31, 1948 IMPORTER/DISTRIBUTOR – MEDICAL/HOSPITAL INSTRUMENTS/SUPPLIES D33119 NATIONAL ABOUT 140 NO YES MS. VIVIAN QUE AZCONA NONE PROMPT YES 464,970,063 (2001) 135,236,400 (2001) ECONOMIC OVERVIEW • Real gross domestic product (GDP) growth rose to 3.8 percent, higher than the 2.9 percent in the same period last year. In addition, the 22.5 percent expansion in net factor income from abroad brought about by the stable flow of remittances from OFW’s and reduced property expense led to a 4.9 percent increase in gross national product (GDP), as compared to 3.4 percent for the same period last year. • Personal consumption expenditure slightly dipped to 3.4 percent growth, compared with the 3.5 percent growth in the first quarter of 2001 despite stable inflation and interest rates. However, consumer demand remained as the economy’s growth driver amidst weak investments and export performance. Investments continue to falter in the face of weak business confidence while exports remain weak pending the recovery of demand in key markets. On the other hand, government consumption is still hampered by the tight fiscal stance of the government to rein in the budget deficit. • The services sector posted 4.8 percent growth on the strong performance of the communications, trade and transportation subsectors and the recovery of the ownership of dwellings and real estate subsectors. Agriculture recorded a 4.4 percent growth due to increased hectarage in areas planted and better yield in the corps subsector. Meanwhile, the Malampaya gas field started production. This helped augment the industry sector’s growth of 1.9 percent, as compared to 0.6 percent for the same period last year. However, overall sectoral growth remains on the recover of demand in export markets and the full return of business confidence. Source: Institute for Development and Econometric Analysis Inc. PAYMENTS Supplier :1 First Transaction : - Last Transaction: July 2002 Equifax Plc. All rights reserved. This report is provided for your internal business use only and may not be reproduced, disclosed, distributed or transferred in any manner without permission of Equifax Plc. Please note that the information in this report is provided to Globalscan by third parties and the cost reflects the fact that we do not verify the information. Accordingly, we accept no liability in respect of inaccuracies or omissions (unless caused by our negligence) and our liability in other respects is limited. Date Checked 07.2002 11.00 Credit Outstanding Products Purchased Paying Habits Line Balance Past Due Medical supplies Prompt Open None Subject has a purchase order this month amounting to 3,000,000 Medical supplies Prompt None (Average monthly purchase – 2,000,000) Supplier Date Checked 07.2002 11.00 First Transaction : - Paying Habits Prompt Medical supplies Prompt :3 First Transaction : - Products Purchased Gloves 30 days Last Transaction: June 2002 Products Purchased Medical devices Supplier Date Checked 11.00 :2 Credit Term 30 days Credit Outstanding Line Balance Past Due Credit Term Open 200,000 None 30 days (Average monthly purchase – 200,000). Subject is a good client. None 30 to 45 days Last Transaction : November 2000 Paying Habits Prompt Credit Line Outstanding Balance (Highest purchase – 2,000,000) Past Due None Credit Term 30 day No further trade information obtained from other possible suppliers checked. “Medical Center Trading Corporation” not found in our database of Accounts Referred for Collection/Reported as Delinquent Accounts. HISTORY A corporation registered with the Securities and Exchange Commission on July 31, 1948; registration no. 3788; term, 50 years. Originally registered as "Medical Center Drug Corporation". Present name adopted on April 11, 1980. Authorized capital stock Subscribed capital stock Paid-up capital Par value per share Original Common As of 05.09.2002 Common 100,000 20,000 5,000 100 150,000,000 53,250,000 53,250,000 100 Increase in authorized capital stock from 25,000,000 to 150,000,000 was approved by the Securities and Exchange Commission in August 1997. Capital structure per records. A wholly owned subsidiary of Mercury Group of Companies Inc. PRINCIPALS 07.25.2002 Name Position Equifax Plc. All rights reserved. This report is provided for your internal business use only and may not be reproduced, disclosed, distributed or transferred in any manner without permission of Equifax Plc. Please note that the information in this report is provided to Globalscan by third parties and the cost reflects the fact that we do not verify the information. Accordingly, we accept no liability in respect of inaccuracies or omissions (unless caused by our negligence) and our liability in other respects is limited. AZCONA, VIVIAN QUE MACATANGAY, ANTONIO C. (DR.) ROMERO, JOSEFINA P. ORTIZ-LUIS, INOCENCIO JR. (ATTY.) QUE, MARIANO BATILARAN, SULPICIO CHAIRMAN PRESIDENT/DIRECTOR TREASURER/DIRECTOR CORPORATE SECRETARY DIRECTOR DIRECTOR AZCONA, V. Q., Filipino, born on September 1, 1955. Bachelor of Science in Pharmacy, University of Santo Tomas. As of 03.98, President/Director, Pacifica Agrivet Supplies Inc.; as of 03.98, Vice President/Director, Milestone Development Corp.; as of 10.00, Director M L M Foods Inc.; as of 03.98, President/Director, Apollo Chemicals Inc.; as of 02.00, Director, Elta Industries Inc.; as of 08.00, President/Director/General Manager, Mercury Drug Corp.; as of 09.98, Vice President/Director, Mercury Group of Companies Inc.; as of 04.98, Director, Tropical Hut Food Mart Inc.; as of 09.99, Vice President/Director, Trinity Franchising And Management Corp; as of 06.00, Director, Philusa Corp. ROMERO, J. P. As of 10.00, Vice President – Finance/Director, MLM Foods Inc.; as of 08.00 Treasurer/Director, Mercury Drug Corporation, as of 07.00 Treasurer/Director, Tropical Hut Food Market Inc.; as of 02.00 Treasurer/Corporate Secretary/Director, Elta Industries Inc.; as of 09.99, Director, Trinity Franchising and Management Corporation. ORTIZ LUIS, I. JR., Filipino, born on February 6, 1933. Bachelor of Laws, Ateneo De Manila University. As of 03.98, Corporate Secretary, Trinity Franchising And Management Corp.; as of 03.98, Corporate Secretary/Director, Milestone Development Corp.; as of 03.98, Corporate Secretary/Director, Pacifica Agrivet Supplies Inc.; as of 03.98, Corporate Secretary/Director, Apollo Chemicals Inc.; as of 03.98, Corporate Secretary, Mercury Group of Companies Inc.; as of 03.98, Corporate Secretary, Philusa Corp.; as of 03.98, Corporate Secretary, M L M Foods Inc.; as of 03.98, Corporate Secretary, Tropical Hut Food Mart Inc.; as of 03.98, Corporate Secretary/Legal Counsel, Mercury Drug Corporation. QUE, M., Filipino, born on August 15, 1920. As of 09.98, Chairman/President, Mercury Group of Companies Inc.; as of 06.00, Chairman, Philusa Corporation; as of 10.00, Chairman, M L M Foods Inc.; as of 07.00, President/Director, Tropical Hut Food Mart Inc.; as of 03.98, Chairman/President, Mercury Drug Corporation; as of 09.99, President/Chief Executive Officer/Director, Trinity Franchising And Management Corp.; as of 06.00, Chairman, Philusa Distributors Inc. OPERATIONS 07.25.2002 Importer and distributor x-ray machines, surgical instruments, and hospital supplies such as needles, gloves, and syringes, among others. Brands include Mc Bride, Universal, Dr. Kelly, and Devil Biss, among others. Used to be manufacturer and distributor of "Medicent" hospital beds, and wheel chairs; "Medicent", "Paradent I", "Paradent II", "Smart I" dental units; and electro medical apparatus such as waterbats, sterilizers, laboratory ovens, and section apparatus; and laboratory reagents. Foreign suppliers are Bard International, Universal X-Ray (based in the US); Hettich Zentrifugen, (Germany); Fukuda Denshi and Misawa Medical Industry (both Japan); Colorplast A/S (Denmark); Commonwealth Serum Laboratories (Australia), and Diagnostic Chemicals (Canada). Territory sold, national. Equifax Plc. All rights reserved. This report is provided for your internal business use only and may not be reproduced, disclosed, distributed or transferred in any manner without permission of Equifax Plc. Please note that the information in this report is provided to Globalscan by third parties and the cost reflects the fact that we do not verify the information. Accordingly, we accept no liability in respect of inaccuracies or omissions (unless caused by our negligence) and our liability in other respects is limited. Major direct clients include Makati Medical Center, St. Luke's Medical Center, Philippine Heart Center, Cardinal Santos Medical Center, Medical City, Capitol Medical Center, Philippine General Hospital, and Department of Health, among others. Also sells nationwide through dealers. Identity not disclosed. Sales are made on cash (10%) and credit (90%). Extends 30 to 60 days credit terms. New clients are required to pay cash on delivery. Imports through letters of credit. BRANCHES: 1545 Bambang Street, Sta. Cruz, Manila; Osmena Boulevard, Cebu City; 110 GCL Building, Quirino Avenue, Davao City and at Benigno Aquino Avenue, West Diversion Road, Manduriao, Iloilo City, Pampanga. EMPLOYEES: About 140 administrative personnel, plant workers, and salespeople. Per source, currently Has no labor union. LOCATION: Headquarters, administrative and sales offices, warehouse at captioned address. Located in an industrial section on main street. FACILITIES: mezzanine. Leases about 2,200 square meters improved with a single-storey building with PARENT COMPANY: Mercury Group of Companies, Inc. (7 Mercury Avenue, Libis, Quezon City) – owns 100% of capital stock. AFFILIATES: Mercury Drug Corporation, Philusa Corp., Apollo Chemicals Inc., Milestone Development Corp., Tropical Hut Food Mart, Inc., Pacifica Agrivet Supplies, Inc., Trinity Franchising and Management Corp., MGCI Insurance Underwriters Agency, Inc., Elta Industries, and MLM Food Corp. NEGATIVE RECORDS Based on available records provided by the courts, no case has been filed against subject as of July 24, 2002. BANKING Bank of the Philippine Islands (Head office and Kapitolyo, Pasig), Land Bank of the Philippines (Pasig), and Banco de Oro Universal Bank (Ortigas, Pasig). Please see attached credit exposure report as of December 31, 2001. Verification of deposits, if any, prohibited under Philippine law. FINANCE Following are subject's financial highlights: Equifax Plc. All rights reserved. This report is provided for your internal business use only and may not be reproduced, disclosed, distributed or transferred in any manner without permission of Equifax Plc. Please note that the information in this report is provided to Globalscan by third parties and the cost reflects the fact that we do not verify the information. Accordingly, we accept no liability in respect of inaccuracies or omissions (unless caused by our negligence) and our liability in other respects is limited. 2001 Revenues Net Income (loss) Current Assets Current Liabilities Total Assets Total Liabilities Stockholders' Equity Current Ratio Debt to Asset Ratio Debt to Equity Ratio Return on Assets (%) 464,970,063 31,444,028 292,976,622 170,155,751 307,930,875 172,694,475 135,236,400 1.72 0.56 1.28 10.21 2000 388,050,983 19,204,567 225,730,302 132,391,441 243,432,440 133,862,443 109,569,997 1.71 0.55 1.22 7.89 END OF REPORT Equifax Plc. All rights reserved. This report is provided for your internal business use only and may not be reproduced, disclosed, distributed or transferred in any manner without permission of Equifax Plc. Please note that the information in this report is provided to Globalscan by third parties and the cost reflects the fact that we do not verify the information. Accordingly, we accept no liability in respect of inaccuracies or omissions (unless caused by our negligence) and our liability in other respects is limited.