MIRA INFORM REPORT

Report Date :

26.08.2014

IDENTIFICATION DETAILS

Name :	PHARMACHEMIE B.V.

Registered Office :	Swensweg 5 2031GA Haarlem

Country :	Netherlands

Date of Incorporation :	15.03.1944

Com. Reg. No.:	34016881

Legal Form :	Private Company

Line of Business :	Manufacture of pharmaceutical preparations

No. of Employees	565

RATING & COMMENTS

MIRA’s Rating :

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)

Netherlands

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

NETHERLANDS ECONOMIC OVERVIEW

Netherlands is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, sizable trade surplus, and important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. The Dutch financial sector suffered as a result of the global financial crisis, due in part to the high exposure of some Dutch banks to US mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009. To recover, the government sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing austerity measures in early 2011, mainly reducting expenditures, which resulted in an improved budget deficit in 2011. However, in 2012 tax revenues dropped, GDP contracted, and the budget deficit deteriorated. In 2013, the government budget deficit decreased to 3.3% of GDP due to increased government revenue from higher taxes. However, spending on social benefits also increased, due to a rise in unemployment benefits and payments for pensions. The high unemployment rate and tax increases have contributed to continued decreases in household disposable income, causing the Dutch economy to contract.

Source : CIA

Company name and address

Company name PHARMACHEMIE B.V.

Operative address Swensweg 5

2031GA Haarlem

Netherlands

Legal form Private Company

Registration number KvK-nummer: 34016881

VAT-number 001012940

Contact information

Company name Pharmachemie B.V.

Trade names Pharmachemie B.V.

Teva Pharmachemie

Teva Pharmachemie Operations

Operative address Swensweg 5

2031GA Haarlem

Netherlands

Correspondence address Postbus 552

2003RN Haarlem

Netherlands

Telephone number 08000228400

Fax number 0235147192

Email address pch.legal@tevapharmachemie.com

Website www.tevapharmachemie.com

Registration

Registration number KvK-nummer: 34016881

Branch number 000016614496

VAT-number 001012940

Status Active

Memorandum 1959-12-23

Establishment date 1944-03-15

Legal form Private Company

Legal person since 1972-04-25

Last proposed admendment 2005-01-07

Activities

SBI Manufacture of pharmaceutical preparations (212)

Manufacture of pharmaceutical preparations (2120)

Manufacture of pharmaceutical products, no raw (212001)

Wholesale of pharmaceutical goods (46461)

Other specialised business services (7490)

ISO certified Yes

Exporter Yes

Importer Yes

Branche organisations BOGIN - Association of Generic Medicines in the Netherlands
KNDB - Royal Dutch Drugstores Bond

Goal The import and export, wholesale, manufacturing, and doing manufacturing
pharmaceutical products, raw materials and products and the acquisition, provision and
operating licenses, patents, patents, trademarks and other forms of
The establishment of industrial property, participating in, managing, advising
of, checking, working with the conduct of the management board and the
providing services to other vennnootschappen and businesses, as well as the
finance other companies and enterprises

Relations

Companies on same address

Shareholders Teva Pharmaceuticals Europe B.V.

Piet Heinkade 107

1019GM Amsterdam

Netherlands

Registration number: 301106250000

Percentage: 100%

Teva Nederland B.V.

Registration number: 340961910000

Stichting Pensioenfonds Pharmachemie

Registration number: 341529420000

Teva Pharma B.V.

Registration number: 300993690001

ratiopharm nederland B.V.

Registration number: 300636290002

Liability statements Teva Pharmaceuticals Europe B.V.

Piet Heinkade 107

1019GM Amsterdam

Netherlands

Registration number: 301106250000

End date: 2009-12-31

Bank details

Accounts

ABN Amro Bank NV

Account number: 48.62.11.401

ABN Amro Bank NV

Account number: 43.27.24.478

ING Bank NV

Account number: 6494361

ING Bank NV

Account number: 188985

Management

Active management

Teva Pharmaceuticals Europe B.V.

Piet Heinkade 107

1019GM Amsterdam

Netherlands

Registration number: 301106250000

Competence: Jointly authorized

Function: Manager

Starting date: 2006-10-03

E.G.W.H. Loof (Emile Gerardus Wilhelmus Hendr)

Netherlands

Competence: Jointly authorized

Function: Manager

Starting date: 2000-04-14

Date of birth: 1949-06-09, 's-Gravenhage, NL

H.C. Diekema (Hendrik Cornelis)

Netherlands