MIRA
INFORM REPORT
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Report Date : |
24th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
PAYVANDPARDAZ
ENGINEERING CO LTD |
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Registered Office : |
No
22, 5Th Floor, No 27 Azadegan Alley Motahari Street, Ghaem, Magham, Tehran,
Iran |
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Country : |
Iran |
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Date of Incorporation : |
1994 |
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Com. Reg. No.: |
1347 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Importers
and distributors of machinery for packaging industries and spare parts. |
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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Maximum Credit Limit : |
RIAL
250,000,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
COmpany NAME
PAYVANDPARDAZ
ENGINEERING CO LTD (Correct)
GREEN
WAY PEARL COMMERCIAL CO LTD (Requested)
ADDRESS
Street : No 22, 5Th Floor, No 27 Azadegan Alley
Motahari Street
Area : Ghaem, Magham
Town : Tehran
Country : Iran
Telephone :
(98 21) 8855 7377 / 912 112 3681 (mobile)
Fax : (98 21) 8870 8325
SENIOR COMPANY PERSONNEL
Name Position
Kamran
Ramezani Managing Director
Total
Employees : 3
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
250,000,000
Trade
risk assessment : Normal
Opinion
on the credit figure of US DLRS 150,000 :
The
above figure is much higher than normally seen in one amount, however could prove admissible in a series
of transactions provided the total indebtedness is strictly monitored.
PRINCIPAL BANKERS
NAME :
BANK MELLAT IRAN
Branch :
Vali e Asr Avenue
Street :
Dameshgah Street 4
PO
Box :
11365/5964
Town :
Tehran
Telephone : (98 21) 6646 0871
Fax :
(98 21) 8869 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 :
Sales
Turnover : RIAL 6,500,000,000 - 2005 - exact
Net
Profit : not given
LEGAL STATUS AND HISTORY
Date
Started : 1994
C.R.
No. : 1347
Paid
up Capital : RIAL 100,000,000
Sherkat
Massouliate Mahdoud (limited liability company) with the following shareholders
:
1.
Kamran Ramezani
2.
Other undisclosed memebr of the Ramezani family.
ACTIVITIES
The
Company is involved in the following activities :
Importers
and distributors of machinery for packaging industries and spare parts.
Imports
from Asian and European countries.
FACILITIES
The
Company has the following facilities :
Rented
office premises located at the heading address.
SPECIAL NOTE
You
provided Green Way Pearl Commercial Co Ltd and telephone and fax numbers
88557377 and 88708325 respectively. Please note that this company has no
permanent office facilities; it is a holder of a
import/trade
licence which it then rents (the licence) to other local companies to use it
for imports of goods. Telephone and fax numbers which you provided belong to
Payvandpardaz Engineering Co Ltd.
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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