MIRA
INFORM REPORT
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Report Date : |
11.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
ZAR SPRING MANUFACTURING COMPANY SSA |
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Registered Office : |
Old Karaj Road km 18, Tehran 13996 |
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Country : |
Iran |
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Date of Incorporation : |
1964 |
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Com. Reg. No.: |
9405 |
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Legal Form : |
Public Joint Stock Company |
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Line of Business : |
Manufacturers of spare parts for trains, locomotives, heavy vehicles and machinery including shock absorbers, flat leaf springs, industrial suspensions and coils. |
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 5,000,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
ZAR SPRING MANUFACTURING
COMPANY SSA (Correct)
ZAR SPRING MFG CO
(Requested)
ADDRESS
Street : Old Karaj Road km 18
Town : Tehran 13996
Country : Iran
Telephone :
(98 21) 4492 2293 / 4492 3495-6
Fax : (98 21) 4492 2293
Formerly Known As
Zar Manufacturing
Industries Company
Registered Name
Sherta-e Karhanejat-e
Towlidi-e Zar
SENIOR COMPANY
PERSONNEL
Name Position
1. Mohsen Shams Chairman
2. Ali Sina Sadr Managing Directors
3. Mohammad Reza
Naderian Sales Director
4. Mohammad Reza
Naini Director
Total Employees
500
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 5,000,000,000
Trade risk assessment :
Normal
TRADE REFERENCES
NAME : ERNST KOMROWSKI & CO
Street : Kttrepel 2
Town : 20095 Hamburg
Country : Germany
Fax : (40) 32 3203
PRINCIPAL BANKERS
NAME :
BANK MELLI
Branch :
Ferdowsi Ave
P.O. Box : 11365-171
Town :
Tehran 11354
Telephone : (21) 3231
Fax :
(21) 3330 2813
The Company also has an
account with :
1. Bank Mellat
Vali e Asr Avenue
Dameshgah Street 4
PO Box
: 11365/5964
Tehran 11369
Telephone: (98 21) 8889 1124
Fax
: (98 21) 8869 4111
2. Bank Tejarat Iran
Cheetgar Main Branch
PO Box
: 11365/1917
Tehran
Telephone: (98 21) 890131
Fax
: (98 21) 8882 8215
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 200,000,000,000 - 2006 - approx
Net Profit :
not given
LEGAL STATUS AND
HISTORY
Date Started : 1964
C. R. No : 9405
Authorised Capital : RIAL 10,000,000,000
Paid up Capital : RIAL 10,000,000,000
Sherkat Sahami Aam
(public joint stock company) with the following shareholders :
1. Rena Ind. Group
Holding
No.164,Zafar St.,Shariati Ave.
19197 Tehran
Telephone : 021 2226 2180-4
Fax
: 021 2225 3312
2. Tadbir Co
3. Other unnamed
shareholders
ACTIVITIES
The Company is involved
in the following activities :
Manufacturers of spare
parts for trains, locomotives, heavy vehicles and machinery including shock
absorbers, flat leaf springs, industrial suspensions and coils.
Annual production
capacity : 8,000 tonnes per annum.
Imports from Germany, Jordan,
Kuwait, Finland, UK and UAE.
Principal Supplier :
Ernst Komorowski & Co., Caterpillar & Komatsu.
FACILITIES
The Company has the
following facilities :
Offices, factory and
storage facilities located at the heading address comprising 20,000 square
metres.
BRANCH OFFICES
Kaveh Bldg, Sepahbod
Gharani St
15816
Tehran
Telephone: 21 882 6608
Fax: 21 882 6608
SPECIAL NOTE
You enquired on : Zar
Spring Mfg Co
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)