MIRA INFORM REPORT

 

Report Date :

27.08.2012

 

IDENTIFICATION DETAILS

 

Name :

AIR COURRIER & SHIPPING (ACS HAITI)

 

 

Registered Office :

Apt No. 5 Building Nick Plaza Tabarre 36, Blvd Toussaint Louverture Prolonge, HT 6110 Port-au-Prince

 

 

Country :

Haiti

 

 

Date of Incorporation :

July 2008

 

 

Legal Form :

Not Available

 

 

line of business :

Freight Forwarder

 

 

No. of Employees :

53

 

 

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 :

Unknown

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Haiti

C1

C1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - HAITI

POLITICAL DATA

ECONOMIC DATA

Form of Government: Republic


Economic Risk: High

Currency: USD

Branch Situation:Stable

 

 

IDENTIFICATION

Ordered as:

AIR COURRIER & SHIPPING

Address in the order:

Apt. No. 5 Building Nick Plaza Boulevard

Tabarre 6110 Haiti

 

 

Legal Name:

AIR COURRIER & SHIPPING (ACS HAITI)

Trade Name:

ACS HAITI

Legal Address

Apt No. 5 Building Nick Plaza Tabarre 36, Blvd Toussaint Louverture Prolonge, HT 6110 Port-au-Prince, Haiti

Operative Address

Apt No. 5 Building Nick Plaza Tabarre 36, Blvd Toussaint Louverture Prolonge, HT 6110 Port-au-Prince, Haiti

Telephone:

+509 4408-1779/3400-0505/3941-0505/4408-1779/3940-3747

Registration Number :

NA

Fax:

NA

Legal Form:

N.A.

Email:

jbnexil@acs-haiti.com/jraymond@acs-haiti.com/operations@acs-haiti.com

Registered in:

Haiti

Website:

http://www.acs-haiti.com

Date Created:

July 2008

Manager:

Joel B. Nexil, President

Date Incorporated:

NA

Staff:

53

Stock:

NA

 

 

Value:

NA

Activity:

Freight Forwarder

 

 

BUSINESS

 

HISTORY

 

The company was founded in July 2008

PRINCIPAL ACTIVITY

 

Freight Forwarder

Products/Services description:

 

Logistics area: - Local and International courrier service. - Local and International relocation, - Air/ Sea Shipments - Inland transportation - breakbulk shipment - Harzadous Materials - Packing - Warehousing and distribution.

Clients:

 

Miscellaneous, depending on the demand.

Suppliers:

 

We could not reach any representative who could provide us with the suppliers' names.

Operations area:

 

National, International

The company imports from depending on the demand.

The company exports to depending on the demand.

The subject employs 53 employee(s)

Comments on staff:

 

The staff number was not confirmed by the company.

LOCATION

Headquarters

 

The company is headquartered at: Apt No. 5 Building Nick Plaza Tabarre 36, Blvd Toussaint Louverture Prolonge, HT 6110 Port-au-Prince, Haiti

Branches:

 

No branches have been found.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company which belongs to the Nexan Group.

 

Nexan Group a group of companies based in Port au Prince, Haiti.

Management:

 

Joel B. Nexil, President

Andre Pierre Jean Raymond, Manager

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

As a private company the subject does not publish any financial statements.

We called the company but nobody would answer our calls.

Comments on the financial data: At this time, financial figures have not been released to our sources.

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 

Rating

Local credit bureau gave a low credit rate.

 

 

 Final Opinion

 

This is a medium sized company from Haiti which employs 53 people.

 

It has 4 years of experience in the market.

 

There were no legal filings found against the company or its legal representatives.

 

It engages as a freight forwarder.

 

We were not able to reach the company.

 

For the company requested, we were not able to find any recent payment experience.

 

The politics and economy in Haiti is unstable.

 

At this time, we strongly suggest working with GUARANTEES.-

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public Records

NO

Indebtedness

N.A.

Payments

N.A.

Cash

N.A.

 

 

 

APPENDIX

 

Comments

 

We tried to reach the company several times but nobody would answer our calls.

The information in this report has been gathered from outside sources.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.38

UK Pound

1

Rs.87.80

Euro

1

Rs.69.48

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

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.