MIRA INFORM REPORT
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Report Date : |
24.02.2011 |
IDENTIFICATION DETAILS
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Name : |
PEHACHEVE SA |
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Registered Office : |
110, Rue des Miracles P.O. Box 1666 |
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Country : |
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Date of Incorporation : |
January 1960 |
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Legal Form : |
Societe Anonyme |
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Line of Business : |
Importer of pharmaceutical products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Slow |
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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 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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c1 |
c1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - HAITI
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Republic
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Currency: 100 HTG = 2.44 USD |
IDENTIFICATION
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Ordered as: |
Pehacheve SA |
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Address in the order: |
110 |
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Legal Name: |
Pehacheve SA |
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Trade Name: |
Agences Pehacheve |
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Legal Address |
110, Rue des Miracles P.O. Box 1666 |
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Telephone: |
(509) 3776-7922 / 2222-5195 |
NIF : |
000-023-289-9 |
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Fax: |
(509) 2223-9865 / 2223-9621 / 2221-9754 /
2513-6885 |
Legal Form: |
Societe Anonyme |
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Email: |
Registered in: |
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Website: |
N.A. |
Date Created: |
January 1960 |
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Manager: |
Dr. Rudolph Boulos – Director |
Date Incorporated: |
- |
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Staff: |
17 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Importer of pharmaceutical products |
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BANKS
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Name of the Bank |
Banque De La Republique D'Haiti |
BUSINESS
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PRINCIPAL ACTIVITY |
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The information included in this report were obtained through outside sources
as we could not make any contact with the company. We found and called the following numbers: (509) 3776-7922: no answer (509) 2222-5195: no answer (509) 2223-9864: does not exist (509) 2514-9744: does not exist (509) 2511-0718: does not exist (509) 2510-7371: does not exist (509) 3510-7371: not in service (509) 2510-7188: does not accept calls We also sent an email but we never received any answer. We also tried to called the following notaries who are/were located in
the same street as teh company, without any answer: Alexandre, Joseph, Rue des Miracles 109 Tel: +509-2222-1091 Merceron, Marilyn Charles, 75, Rue des Miracles Tel: +509-2222-3832 Cabinet Siclait Arnold, 110, rue des Miracles Tel: +509-2222-2540: the phone number is disconnected We learnt through outside sources that everything has been destroyed
except for the stock. The company imports and commercialize pharmaceutical products. |
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Products/Services description: |
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Ethical drugs, generic drugs, over the counter drugs, veterinary
products, condoms, etc. |
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Sales are: |
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Wholesale |
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Clients: |
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Government, retailers, etc. Ministere de la Sante Publique et de la Population (MSPP) L Armee du Salut L Hopital de l Universite d Etat d Haiti (HUEH) |
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Suppliers: |
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- DANGSCHAT GMBH AM SANDTORKAI 70-73 - MPI Pharmaceutica GmbH - Its main supplier is the company ALPA LABORATORIES LIMITED in -Alpa Laboratories Limited 33/2, Pigdamber, |
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Operations area: |
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National |
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The company imports from the |
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The company does not export |
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The subject employs 17 employee(s) |
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PAYMENTS |
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made on a 70 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered at 110, Rue des Miracles Port-au-Prince |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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The BOULOS family is the 100% shareholder. It is a very wealthy family, well established in |
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Management: |
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Dr. Rudolph Boulos, Director. He is a former Senator of Haiti. Although we could not make contact with the company, we found several
press articles mentioning the efforst made by Dr. Rudolph Boulos to help
after the earthquake that |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
3,800,000 |
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Operating Income |
75,000 |
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Net Income |
50,000 |
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Net worth |
700,000 |
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Bank liabilities |
30,000 |
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The cash flow is |
normal |
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Currency |
DATE |
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USD |
2007 |
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Turnover |
1,000,000 |
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Net Income |
11,000 |
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Bank liabilities |
20,000 |
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The cash flow is |
sufficient |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. |
Rating
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Local credit bureau did not rate this
company. |
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Final Opinion |
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The company has more than 45 years
experience in the business. We could learn through third parties that
everything has been destroyed at the company except for the stock. They currently have the support of 17
employees for this reason it is considered a small sized company. The profitability is correct, the indebtedness
is controlled, the cash is normal, and the payments are long. |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
LONG |
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Cash |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.20 |
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1 |
Rs.73.17 |
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Euro |
1 |
Rs.61.88 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.