MIRA INFORM REPORT

 

 

Report No. :

345548

Report Date :

17.10.2015

 

IDENTIFICATION DETAILS

 

Name :

PEHACHEVE S.A

 

 

Registered Office :

273, Boulevard Jean Jacques Dessalines Port-au-Prince

 

 

Country :

Haiti

 

 

Date of Incorporation :

01.01.1960

 

 

Com. Reg. No.:

NIF 000-023-289-9

 

 

Legal Form :

Public Company

 

 

Line of Business :

Subject is is involved in pharmaceutical and chemical products as a distributor and wholesaler.

 

 

No. of Employee :

100

 

 

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 :

Slow but correct

 

 

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 31, 2015

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Haiti

B2

B2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

 

STATUTORY INFORMATION

 

 

Legal Name:

PEHACHEVE S.A

Trade Name:

PEHACHEVE  

Registration Number:

NIF 000-023-289-9

Date Created:

1960

Date Incorporated:

01-01-60

Legal Address:

273, Boulevard Jean Jacques Dessalines Port-au-Prince, Haiti

Operative Address:

110 Rue Des Miracles

Port-Au-Prince, , Haiti

Telephone:

509 3776-7922

Fax:

509 2510-7371

Legal Form:

Public Company

Email:

patrickboulos@aol.com

Registered in:

Haiti

Website:

No website

Contact:

Carlos Boulos, Director 

Staff:

100

Activity:

Chemical Wholesalers Industry

 

 

BANKS

 

Central Bank of Haiti

 

The company does not make its banking data public

 

 

 

HISTORY

 

 

 

 The company started business in 1960.

 

 

PRINCIPAL ACTIVITY

 

 

The company is involved in pharmaceutical and chemical products as a distributor and wholesaler.

Products/Services description:

Pharmaceutical products

Sales are:

Wholesale

Clients:

Client:

Ministère de la Santé Publique et de la Population (MSPP)

Client Type:

National

Client Sector:

Government

Goods Provided to Client:

Sales of drugs (Vente de médicaments)

Client:

L'Armée du Salut

Client Type:

National

Goods Provided to Client:

Sales of drugs (Vente de médicaments)

Client:

L'Hôpital de l'Université d'Etat d'Haiti (HUEH)

Client Type:

National

Client Sector:

Government

Goods Provided to Client:

Sales of drugs (Vente de médicaments)

Brands:

Masculan®

Suppliers:

CHINA ORNATE LAMIPACK PVT., LTD.

China

 

Twilight Litaka Pharma Ltd.

India

 

PURE PHARMA U CHEMIKALIEN

China

 

BTP PHARMACEUTICAL CO LIMITED

China

 

Zeon Health Industries On

UK

 

Pangea Chemicals Pvt. Ltd.

India

 

Alkem Laboratories Ltd.

India

Operations area:

National

The company imports from

France, Germany, India, United States, China

The company exports to

No exports

The subject employs

100 employees

Payments:

Slow but correct

 

 

 

 

LOCATION

 

Headquarters :

110 Rue Des Miracles

Port-Au-Prince, , Haiti

Branches:

The company does not have branches

Industry:

Companies in this industry manufacture and process pharmaceutical products.

 

Demand for pharmaceuticals is driven by the desire to cure illness and disease. The profitability of individual companies depends on their ability to discover and market new drugs. Large companies benefit from their economies of scale in research, manufacturing, and marketing. Small companies can compete effectively by specializing in drugs that target one or two specific ailments and by partnering with larger drugmakers.

 

Drugs are chemicals with beneficial biological activity. Modern drug development is an outgrowth of recent research into the specific causes of illness and disease, coupled with advances in chemistry and industrial technology that allow scientists to manufacture chemicals to improve these conditions. 

 

 

 

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

Listed at the stock exchange:

NO

Capital:

NA

Shareholders %:

This is a private company. The owner is Carlo BOULOS.

Management:

Carlos Boulos, Director 

Patrick Boulos, Director General

Related Companies:

No subsidiary companies

 

 

 

 

FINANCIAL INFORMATION

 

This is a private company which does not make its financial statements public. 

 

 

 

There are no financial connected to the subject.

 

 

LEGAL FILINGS

 

 

 

There are no legal filings registered for the subject

 

 

SUMMARY

 

 

 

 PEHACHEVE is a company located in Haiti, dedicated to the import and wholesale of pharmaceutical products.

 

The company has a large sized structure and 55 years of experience in the market.

 

It is active and shows no negative,mainly importing from India and China.

 

However, Haiti’s current economic situation is critical. We suggest a low credit line.

 

 

RISK INFORMATION

 

 

DEBTS

Controlled

PAYMENTS

Regular

CASH FLOW

Normal

SUGGESTED CREDIT LINE

USD 10 000

STATUS

Active

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.39

UK Pound

1

Rs.91.05

Euro

1

Rs.66.16

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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.