MIRA INFORM REPORT

 

 

Report Date :

15th November, 2006

 

IDENTIFICATION DETAILS

 

Name :

SHIAN SHARGH COMPANY LIMITED

 

 

Registered Office :

Suit No. 14, 1/1 Sedaghat Street, Mellat Parkvali Asr Ave, Tehran, Iran

 

 

Country :

Iran

 

 

Date of Incorporation :

2002

 

 

Com. Reg. No.:

188021

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Importers and distributors of raw materrials for poultry industries and seeds.

 

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

 

Maximum Credit Limit :

RIAL 2,000,000,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

COMPANY NAME

 

SHIAN SHARGH CO LTD

 

 

ADDRESS

 

Street                           :  Suit No. 14, 1/1 Sedaghat Street

Area                             :  Mellat Parkvali Asr Ave

Town                 :  Tehran

Country             :  Iran

Telephone         :  (98 21) 8852 4851-3 / 912 124 6415 (mobile)

Fax                   :  (98 21) 2205 9529

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                                 Position

 

1. Arash Haydari                                    Managing Director

 

2. Mojtaba Amini Pour                            Director

 

3. Dr Abdul Hassan Jalali                        Director

 

 

Total Employees :  6 (subject) 80 (group)

 

 

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 2,000,000,000

 

Trade risk assessment : Normal

 

Opinion on the credit figure of US DLRS 150,000 :

 

We consider the above figure to be within the company's financial capabilities.

 

 

PRINCIPAL BANKERS

 

NAME               : BANK REFAH KARGARAN

Branch              : Pardis Branch

Street                           : Shirazi  Shomali 40

PO Box             : 15815/1866

Town                 : Tehran 19917

Telephone         : (98 21) 8804 2926

Fax                   : (98 21) 8804 2680

 

 

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 2,000,000 - 2005 - exact

                                    : US DLRS 7,000,000 - 2006 - projected

 

Net Profit                       : not given

 

The following inforamtion applies to the group:

 

Sales Turnover               : US DLRS 50,000,000 - 2005 - exact

 

Net Profit                       : not given

 

 

LEGAL STATUS AND HISTORY

 

Date Started      : 2002

 

C.R. No.            : 188021

 

Paid up Capital : RIAL 100,000,000

 

 

Sherkat Massouliate Mahdoud (limited liability company) with the following shareholders :

 

1. Arash Haydari     

             

2. Mojtaba Amini Pour              

 

3. Dr Abdul Hassan Jalali

 

4. Undisclosed shareholders.

 

 

Affiliated companies of Shian Shargh Co Ltd

 

Associates

 

1. Tilvarad co SSK

   Tehran

 

2. Hashtgerd Production Co SSk

   Hashtgerd Industrial Town

   Tehran

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Importers and distributors of raw materrials for poultry industries and seeds.

 

Imports worldwide.

 

 

FACILITIES

 

The Company has the following facilities :

 

Owned office premises located at the heading address as well as warehouse facilities located elsewhere in Tehran.

 

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

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