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MIRA
INFORM REPORT
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Report No. : |
501307 |
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Report Date : |
31.03.2018 |
IDENTIFICATION DETAILS
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Name : |
PEHACHEVE S.A. |
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Registered Office : |
110 Rue De
Miracles, Port Au Prince |
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Country : |
Haiti |
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Date of Incorporation : |
1951 |
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Legal Form : |
Société Anonyme |
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Line of Business : |
Subject is a mid-sized
organization in the pharmaceutical products wholesale and manufacturer
companies industry located in Port-Au-Prince, Haiti. |
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No. of Employees : |
120 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Haiti |
B2 |
B2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
HAITI - ECONOMIC OVERVIEW
Haiti is a free market economy with low labor costs and tariff-free
access to the US for many of its exports. Two-fifths of all Haitians depend on
the agricultural sector, mainly small-scale subsistence farming, which remains
vulnerable to damage from frequent natural disasters. Poverty, corruption,
vulnerability to natural disasters, and low levels of education for much of the
population represent some of the most serious impediments to Haiti’s economic
growth. Remittances are the primary source of foreign exchange, equivalent to
more than a quarter of GDP, and nearly double the combined value of Haitian
exports and foreign direct investment.
Currently the poorest country in the Western Hemisphere, with close to
60% of the population living under the national poverty line, Haiti’s GDP
growth rose to 5.5% in 2011 as the Haitian economy began recovering from the
devastating January 2010 earthquake that destroyed much of its capital city,
Port-au-Prince, and neighboring areas. However, growth slowed to below 2% in
2015 and 2016 as political uncertainty, drought conditions, decreasing foreign
aid, and the depreciation of the national currency took a toll on investment
and economic growth. Hurricane Matthew, the fiercest Caribbean storm in nearly
a decade, made landfall in Haiti on 4 October 2016, with 140 mile-per-hour
winds, creating a new humanitarian emergency. An estimated 2.1 million people
were affected by the category 4 storm, which caused extensive damage to crops,
houses, livestock, and infrastructure across Haiti’s southern peninsula.
US economic engagement under the Caribbean Basin Trade Partnership Act
(CBTPA) and the 2008 Haitian Hemispheric Opportunity through Partnership
Encouragement Act (HOPE II) have contributed to an increase in apparel exports
and investment by providing duty-free access to the US. The Haiti Economic Lift
Program (HELP) Act of 2010 extended the CBTPA and HOPE II until 2020, while the
Trade Preferences Extension Act of 2015 extended trade benefits provided to
Haiti in the HOPE and HELP Acts through September 2025. Apparel sector exports
in 2016 reached approximately $850 million and account for over 90% of Haitian
exports and more than 10% of the GDP.
Investment in Haiti is hampered by the difficulty of doing business and
weak infrastructure, including access to electricity. Haiti's outstanding
external debt was cancelled by donor countries following the 2010 earthquake,
but has since risen to $2.6 billion as of December 2017, the majority of which
is owed to Venezuela under the PetroCaribe program. Although the government has
increased its revenue collection, it continues to rely on formal international
economic assistance for fiscal sustainability, with over 20% of its annual
budget coming from foreign aid or direct budget support.
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Source
: CIA |
STATUTORY INFORMATION |
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Legal
Name: |
PEHACHEVE S.A. |
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Trade Name: |
PEHACHEVE S.A. |
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Registration Number: |
NIF 000-023-289-9 |
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Date Created: |
1951 |
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Date Incorporated: |
01/01/1960 |
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Legal Address: |
110 Rue De Miracles Port Au Prince Haiti |
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Operative
Address: |
110 Rue De Miracles Port Au Prince Haiti |
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Telephone:
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+509-28117523 +509-34370584 |
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Fax: |
+509-28117523 |
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Legal
Form: |
Société Anonyme |
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Email: |
pehacheve@earthlink.net patrickboulos@pehacheve.ht |
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Registered
in: |
HAITI |
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Website:
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NA |
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Contact: |
Carlo Boulos, President Patrick Boulos, Director |
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Staff:
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120 |
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Activity: |
NAICS 1: Drugs and Druggists' Sundries
Merchant Wholesalers NAICS 2: Other Chemical and Allied Products
Merchant Wholesalers SIC 1: Patent Medicines SIC 2: Chemicals And Allied Products, Nec |
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BANKS |
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The company does not make its
banking data public |
HISTORY |
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The company was founded in 1951 |
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PRINCIPAL ACTIVITY |
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Pehacheve
Sa is a mid-sized organization in the pharmaceutical products wholesale and
manufacturer companies industry located in Port-Au-Prince, Haiti. |
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Products/Services description: |
Pharmaceutical
Products Distributor |
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Brands: |
MUSCULAN |
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Sales are: |
Wholesale and Retail |
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Clients: |
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) |
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Suppliers: |
TIL HEALTHCARE PVT., LTD. India Flamingo Pharmaceuticals Ltd. India ALPA LABORATORIES LTD. India Alkem Laboratories Ltd. India M.P.I. PHARMACEUTICA GMBH Germany Pure Pharma U. Chemikalien
Import/Export GmbH Germany Fuyang Best Flavor Perfumery
Co., Ltd. China |
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Operations area: |
National |
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The company imports from |
India, Germany and China |
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The subject
employs |
120 employees |
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Payments:
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No Complaints |
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LOCATION |
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Headquarters
: |
110 Rue De Miracles Port Au Prince Haiti |
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Comments: |
NA |
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Branches: |
25 Rue Vilate Petion-Ville PORT-AU-PRINCE, Quest Haiti |
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Main
Competitors |
Mirage Industrie Sa Impasse Foyer Divin, Sarthe,
Route Inter-Chimie S.A. 135 Rue Du Centre Barbot, Yves Place Geffard, Etage Encha |
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Related
Companies: |
NA |
GROUP STRUCTURE AND SUBSIDIARY COMPANIES |
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
This is a private company. The owner is Carlo BOULOS |
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Management: |
Carlos Boulos, President Patrick Boulos, Director |
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FINANCIAL INFORMATION |
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The company
does not make its financial statements public. Despite our long search, we
could not confirm financial figures for the subject. |
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LEGAL FILINGS |
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Lawsuits: |
No records found |
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OFAC Sanctions List Search: |
The company is not listed
in the OFAC list. |
SUMMARY |
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Founded in
1951, Pehacheve Sa is a mid-sized organization in the pharmaceutical products
wholesale and manufacturer companies industry located in Port-Au-Prince,
Haiti. The company
has 120 full-time employees. The company
imports from India, Germany and China, operating within national markets. This has
been an ACTIVE company incorporated in HAITI. |
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RISK INFORMATION |
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH
FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW |
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
Despite we tried to contact the company
several times, it did not answer, so we could not confirm further
information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.04 |
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1 |
INR 92.28 |
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Euro |
1 |
INR 80.62 |
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HTG |
1 |
INR 1.01 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.