MIRA
INFORM REPORT
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Report Date : |
10th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
RAN
CASTING INDUSTRIES SSK |
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Registered Office : |
No.100, before Soheil Street,
Hojat Doost Street. Keshavarz
Blvd., Tehran 14166, ran |
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Country : |
Iran |
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Date of Incorporation : |
1987 |
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Com. Reg. No.: |
23567 |
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Legal Form : |
Private
joint stock company |
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Line of Business : |
Manufactures
and distributors of cylinder heads, and automotive engine |
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
IRAN CASTING INDUSTRIES SSK
ADDRESS
Street : No.100, before Soheil Street, Hojat Doost
Street.
Area : Keshavarz Blvd.
Town : Tehran 14166
Country : Iran
Telephone : (98 21) 8896 7772
/ 8896 6335 / 8895 3532 / 8896 6042 8896 1070 / 8897 2013 /
8896 8481
Fax : (98 21) 8896 6041
Shortform Name : I.C.I
SENIOR COMPANY PERSONNEL
Name Position
1. Amir Khorrami Shad Managing
Director
2. Mohammad Ashouri Sales
Manager
3. Bahram Nikpour Commercial Manager
Total Employees : 550
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
3,000,000,000 (associations inspire confidence for higher amounts if required)
Trade risk assessment : Normal
PRINCIPAL BANKERS
NAME : BANK MELLI IRAN
Branch : Ferdowsi Avenue 112
PO Box : 11365/171
Town : Tehran
Telephone: (98 21) 323482 / 323483
Fax : (98 21) 311 0365
SWIFT : MELI IR TH
The Company also has an account
with :
Bank Mellat
Vali e Asr Avenue
Dameshgah Street 4
PO Box : 11365/5964
Tehran
Telephone: (98 21) 646 0871
Fax : (98 21) 869 4111
SWIFT : BKMT 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 applies to the parents company:
PROFIT AND LOSS ACCOUNT
Sales Turnover : RIALS
300,000,000,000 - 1997 - approx
:
RIALS 300,000,000,000 - 1998 -
approx
:
RIALS 500,000,000,000 - 1999 -
approx
:
RIALS 455,624,000,000 - 2001 - exact
:
RIALS 686,060,000,000 - 2002 - exact
:
RIALS 857,575,000,000 - 2003 - exact
:
RIALS 980,000,000,000 - 2004 -
approx
:
RIALS 990,000,000,000 - 2005 -
approx
Gross profit :
RIALS 184,120,000,000 - 2001 - exact
:
RIALS 196,689,000,000 - 2002 - exact
:
RIALS 210,000,000,000 - 2003 - exact
Profit before :
RIALS 183,723,000,000 - 2001 - exact
Tax :
RIALS 231,010,000,000 - 2002 - exact
:
RIALS 270,000,000,000 - 2003 - exact
:
not given but stated to be profitable
LEGAL STATUS AND HISTORY
Date Started : 1987
C.R. No. : 23567
Authorised Capital : RIAL
4,500,000,000
Capital : RIAL 10,000,000,000
Sherkat Sahami Khass (private joint
stock company) with the following shareholders :
1. Bahman Group Co
Old Karaj Road km 21
P.O. Box : 33565-171
Tehran
Telephone: (98 21) 6602 8009
Fax : (98 21) 6602 8771
2. Undisclosed shareholders.
Affiliates of Parent Company
1. Mazda Yadak Co
Old Karaj Road no 227
Tehran
Tel 661 1340 / 669 1491
Fax 669 6061
Supplier of Spare Parts.
2. Iran Chasis Manufacturing Co
(Shasi Saz Iran)
also known as Sherkat Sahami Khas
Karkhanerjat Automobile Sazi
Mazda
Old Karaj Road 21
Tehran
Main Manufacturer of Chassis
Components in Iran.
3. Sanoye Rihtegari Iran
4. Asre Bahman Trading Co
Azadi Street, Fard Asadi, Noorshan
Alley no 3
Tehran
Tel : (21) 896 2912
Fax : (21) 600 104
Exports, imports and commercial
affairs.
5. Bahman Motors Co
6. Bahman Motor center
7. Shassi Saz Iran Co
8. Mazda Yadak Co.
9. Irandocharkh Co
10. Ghand Pars Co.
No.28, Kohenour St.,Motahari Ave
Tehran
Tel :021 8735711
Fax :021 8732484
11. Iran Bicycle & Motorcycle
Manufacturing Co.
No.38, Padidar Ave., Jahan Koudak
Intersection Afrigha Express
Way
Tehran
Tel : 021 8785245
Fax : 021 8886404
12 Bahman Investment Center
Mohammad Hashem Botshekan Managing Director
No 4, Chehel Sotoun St., Fatemi Sq.
Telephone: 021 8895 7867-8
Fax : 021 8895 7869
13: Respect trade Co
P.O.Box 40609 Floor 5C, Greek
tower,
Dubai
U.A.E.
Telephone: 04 222 5943
Fax 04 222 5944
14. Ghand Pars Co
No. 28, Kohenour St., Motahari Ave.
Telephone: 021 88735 711
Fax : 021 8873 2484
15. Iran Vanet Co (known as Iran
Vanet Mfg Co
Jadeh Ghadim Karaj Km 21
Tehran
Telephone: 021 6602 8010-13
Fax : 021 6602 8945
Producer of pick-up trucks (single
& double cabins)
ACTIVITIES
The Company is involved in the
following activities :
Manufactures and distributors of
cylinder heads, and automotive engine.
Imports from Asian and European
countries.
FACILITIES
The Company has the following
facilities :
Office premises and factory of
150,000 sq/meter with integrated storage facilities.
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 |