MIRA INFORM REPORT
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Report Date : |
10th May 2006 |
IDENTIFICATION DETAILS
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Name : |
CASTEXCO LTD |
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Registered Office : |
Ordibeheshi Street, 2Nd Floor, No 3
Baharak Alley 1Street , Ashrafi
Isfhani Blvd / East Pounak Sq Tehran, Iran |
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Date of Incorporation : |
2005 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Importers of raw materials for food and
beverage industries |
RATING & COMMENTS
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MIRA’s Rating : |
B |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
CO. NAME
CASTEXCO
LTD
ADDRESS
Street : Ordibeheshi Street, 2Nd Floor, No 3 Baharak
Alley 1Street
Area : Ashrafi Isfhani Blvd / East Pounak Sq
Town : Tehran
Country : Iran
Telephone : (98
21) 4445 8989
Fax : (98 21) 4446 8455
SENIOR COMPANY PERSONNEL
Name Position
1.
Hojatolah Ramazani Aghele Managing Director
2. Shirin
Bassam (Mrs) Director
Total
Employees : 5
PAYMENTS
No
complaints have been heard regarding payments from local suppliers or banks.
We
consider it is acceptable to deal with subject for SMALL amounts, although it
is normal accepted practice for international suppliers to deal on secured
terms with Iranian importers.
Opinion on
maximum credit : RIAL 150,000,000
Trade risk
assessment : Normal
PRINCIPAL BANKERS
NAME : BANK MELLI IRAN
Branch : Ferdowsi Avenue 112
PO
Box : 11365/171
Town : Tehran
Telephone:
(98 21) 60991 / 673 2698
Fax : (98 21) 673 8606
SWIFT : MELI 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 : US DLRS 250,000 - 2005 - exact
: US DLRS 500,000 - 2006 - projected
Net
Profit : not given
LEGAL STATUS AND HISTORY
Date
Started : 2005
Capital :
RIAL 20,000,000
Sherkat
Massouliate Mahdoud (limited liability company) with the following shareholders
:
1.
Hojatolah Ramazani Aghele
2. Shirin
Bassam (Mrs)
ACTIVITIES
The
Company is involved in the following activities :
Importers
of raw materials for food and beverage industries.
Imports
from India and China.
FACILITIES
The
Company has the following facilities :
Office
premises of 120sq/meter located at the heading address.
RATING EXPLANATIONS
RATING
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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 |