MIRA
INFORM REPORT
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Report Date : |
7th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
JAHAN
HONAR PLAST CO SSK |
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Registered Office : |
Unit
1202, 12th Floor, Anahita Building Jordan
Street , Africa Ave Tehran,
Iran |
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Country : |
Iran |
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Date of Incorporation : |
1999 |
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Com. Reg. No.: |
809414 |
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Legal Form : |
Cooperative
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Line of Business : |
Manufacturers
and distributors of automotive spare parts and plastic products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
CO. NAME
JAHAN
HONAR PLAST CO SSK (Correct)
JAHAN
HONAR PLAST CO. (Requested)
ADDRESS
Building
: Unit 1202, 12th Floor, Anahita Building
Street : Jordan Street
Area : Africa Ave
Town : Tehran
Country : Iran
Telephone :
(98 21) 8879 0332
Fax : (98 21) 8888 1543
SENIOR COMPANY PERSONNEL
Name Position
1.
Houssin Honarvar Managing Director
2.
Mohammed Honarvar Director
Total
Employees : 40
PAYMENTS
No
complaints have been heard regarding payments from local suppliers or banks.
We
consider it is acceptable to deal with subject for MEDIUM amounts, although it
is normal accepted practice for international suppliers to deal on secured
terms with Iranian importers.
Opinion
on maximum credit : RIAL 850,000,000
Trade
risk assessment : Normal
Opinion
on the credit figure of EURO 200,000 :
The
above figure is higher than normally seen in one amount, however could prove admissible in a series
of transactions provided the total indebtedness is strictly monitored.
PRINCIPAL BANKERS
NAME : BANK SEPAH IRAN
Branch : Imam Khomeini Square
PO
Box : 9569
Town : Tehran 11369
Telephone:
(98 21) 311 6382 / 311 0642
Fax : (98 21) 311275
SWIFT : SEPB IR TH
Subjct
also has an account with
Bank
Tejarat
184
Teleghani Avenue
PO
Box : 11365/1917
Tehran
11369
Telephone:
(98 21) 890131 / 890139
Fax : (98 21) 882 8215
SWIFT : BTEJ IR TH
FINANCIAL INFORMATION
Under
Iranian Company Law companies are not required to publish or disclose balance
sheets. However, the subject interviewed
offered the following information :
Sales
Turnover : RIAL 28,000,000,000 -
2005 - exact
Net
Profit : not given
LEGAL STATUS AND HISTORY
Date
Started : 1999
C.R.
No. : 809414
Capital
: not given
Sherkat
Ta'avoni va Masraf (cooperative) with the following members :
1.
Houssin Honarvar
2.
Mohammed Honarvar
3.
Undisclosed Members.
ACTIVITIES
The
Company is involved in the following activities :
Manufacturers
and distributors of automotive spare parts and plastic products.
Imports
from Italy, France and UAE.
FACILITIES
The
Company has the following facilities :
Owned
office premises of 150 sq/meter located at the heading address as well as a
factory unit of 16,000 sq/meter in Arak Industrial Area.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |