MIRA INFORM REPORT

 

 

Report Date :

19th June 2006

 

IDENTIFICATION DETAILS

 

Name :

BORDAR SHIP SSK

 

 

Registered Office :

5 Km Jadeh Tehran, Nameyeshkoye Benolmalali

Behind Atalspoodr, 2nd Industrial Area, 51335/1466, Tabriz 51000

Azerbaijan, Iran

 

 

Country :

Iran

 

 

Date of Incorporation :

1988

 

 

Com. Reg. No.:

2692

 

 

Legal Form :

Private joint stock company

 

 

Line of Business :

Manufacturers of adhesive tapes for stationery and packaging

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

CO. NAME

 

BORDAR SHIP SSK

 

 

ADDRESS

 

Street                           :  5 Km Jadeh Tehran, Nameyeshkoye Benolmalali

Area                             :  Behind Atalspoodr, 2nd Industrial Area

P.O. Box           :  51335/1466

Town                 :  Tabriz 51000

Province            :  Azerbaijan

Country             :  Iran

Telephone         :  (98 411) 637 3830-2

Fax                   :  (98 411) 637 3829

 

 

SENIOR COMPANY PERSONNEL

 

Name                                                                Position

 

1. Mohammed Houssin Gougani              Managing Director

 

2. Abdul Hossein Naemi                         Deputy Managing Director

 

3. Nader Habibian                                  Comeercail Manager

 

 

Total Employees : 125

 

 

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 : RIALS 1,500,000,000

 

Trade risk assessment : Normal

 

 

PRINCIPAL BANKERS

 

NAME     : BANK SEPAH IRAN

Branch   : Imam Khomeini Square

PO Box   : 9569

Town     : Tehran11369

 

Telephone: (98 21) 311 6382 / 311 0642

Fax      : (98 21) 311275

SWIFT    : SEPB IR TH

 

The Company also has an account with:

 

1. Saderat Babk of Iran

   Djomhouri Avenue

   51941 Tabriz

   Telephone: (98 41) 66937

   Fax      : (98 41) 66944

 

2. Bank Mellat Iran

   Shohada Square

   51941 Tabriz

   Telephone: (98 411) 225327

   Fax      : (98 411) 228533

   SWIFT    : MELI IR TH TBZ

 

 

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   : RIALS 40,000,000,000 - 2004 - exact

                        : RIALS 45,000,000,000 - 2005 - approx

 

Net Profit     : not given

 

 

LEGAL STATUS AND HISTORY

 

Date Started : 1988

 

C.R. No. : 2692

 

Capital : RIALS 900,000,000

 

 

Sherkat Sahami Khass (private joint stock company) with the following shareholders :

 

1. Mohammed Hassan Gougani         

 

2. Abdul Hossein Naemi             

 

3. Mohammed Hossein Gougani

 

4. Nader Habibian

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Trading as manufacturers of adhesive tapes for stationery and packaging.

 

Imports from Turkey, UK, Germany and Belgium.

 

 

FACILITIES

 

The Company has the following facilities :

 

Owned administrative office, a factory and storage facilities located at the heading address as well as a office in Tehran (see branch office below)

 

 

BRANCH OFFICES

 

No 181 Khoramshahr Street

Theran

Telephone: 21 887 66580

Fax      : 21 887 66581

 

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

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

 

 

 

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