MIRA INFORM REPORT

 

 

Report Date :

18th May 2006

 

IDENTIFICATION DETAILS

 

Name :

IRAN SHORAKA CO

 

 

Registered Office :

No 10 Negar Street

Vali E Esr, Vanak

Tehran, 19698

Iran

 

 

Date of Incorporation :

1982

 

 

Legal Form :

Private joint stock company

 

 

Line of Business :

Importers and exporters of stationary and printing materials

 

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

 

IRAN SHORAKA CO

 

 

ADDRESS

 

Street          :  No 10 Negar Street

Area            :  Vali E Esr, Vanak

Town           :  Tehran

Post Code    :  19698

Country      :  Iran

Telephone   :  (98 21) 8877 1773/ 8879 6956/879 

Fax              :  (98 21) 8877 1776

 

 

 

SENIOR COMPANY PERSONNEL

 

Name                                                Position

 

1. Mohammadlou Ghareh                 Chairman

 

2. Houssin GHareh                           Managing Director

 

2. Gholam Abbas Jafari Shahi          Member of the Board

 

3. Samad Bahrain                             Member of the Board

 

4. Mohammed Habibi                        Commercial Manager

 

 

Total Employees : 73

 

 

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 1,500,000,000

 

Trade risk assessment : Normal

 

 

PRINCIPAL BANKERS

 

NAME         : BANK SADERAT IRAN

Branch        : 43 Somayeh Avenue

PO Box        : 15745-631

Town           : Tehran

Telephone   : (98 21) 836091 / 836094 / 832699

Fax              : (98 21) 883 9539 / 440 9539

 

The company also has an account with the following banks:

 

1. Bank Tejarat

   184 Teleghani Avenue

   PO Box   : 11365/1917

   Tehran 11369

   Telephone: (98 21) 890131 / 890139

   Fax      : (98 21) 882 8215

 

2. Bank Sepah Iran

   Imam Khomeini Square

   PO Box   : 9569

   Tehran  11369

   Telephone: (98 21) 311 6382 / 311 0642

   Fax      : (98 21)  311275 / 311 2138

 

3. Bank Melli Iran

   Ferdowsi Avenue 112

   PO Box   : 11365/171

   Tehran

   Telephone: (98 21) 323482 / 323483

   Fax      : (98 21) 311 0365

 

 

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 60,000,000,000 - 2005 - exact

                    

Net Profit              : not given

 

 

LEGAL STATUS AND HISTORY

 

Date Started : 1982

 

C.R. No. : 45920

 

Capital : RIAL 10,000,000,000

 

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

 

1. Mohammadlou Ghareh

              

2. Gholam Abbas Jafari Shahi

    

3. Samad Bahrain

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Importers and exportes of stationary and printing matrials.

 

Imports from european countries, Asia and United Arab Emirates.

 

Exports of pigments to GCC countries.

 

 

FACILITIES

 

The Company has the following facilities :

 

Administrative offices at the heading address as well as a factory at Safa Dasht:

Safa Dhasht Industrial Area

Bibi Sakiah

Shahriar

Telephone: 262 343 2104 / 343 2739-40

 

 

 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