MIRA
INFORM REPORT
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Report Date : |
13.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
INTERNATIONAL LINK CORPORATION |
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Registered Office : |
Ostad Nejatolahi Ave, Tehran 13145-1474 |
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Country : |
Iran |
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Date of Incorporation : |
1980 |
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Legal Form : |
General Partnership |
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Line of Business : |
Importers and distributors of machinery and automotive 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 500,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
INTERNATIONAL LINK
CORPORATION (Correct)
JAGDISH KATARA
(Requested)
ADDRESS
Street : Ostad Nejatolahi Ave
Town : Tehran 13145-1474
Country : Iran
Telephone :
(98 21) 8880 4628 / 8880 7552
Fax : (98 21) 8891 5147
E-Mail : katara@accir.com
SENIOR COMPANY
PERSONNEL
Name Position
1. Jagdish Katara Managing Partner
2. Ram Katara General Manager
Total Employees
6
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 500,000,000
Trade risk assessment:
Normal
Opinion on the credit
figure of US DLRS 15,000,000 :
We consider the above figure
to be beyond the Company's financial capabilities and recommend dealing on
fully secured terms.
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
The company also has an
account with Parsian Bank.
FINANCIAL INFORMATION
Under Iranian Company Law
companies are not required to publish or disclose balance sheets. However, the
subject interviewed offered the
following information :
Total Value of Imports : US DLRS 500,000 - 2006 - approx
Net Profit :
not given
LEGAL STATUS AND
HISTORY
Date Started : 1980
Trade License No. : 407661 (in the name of Jagdish
Katara)
Capital : not applicable
Sherkat Tazamoni (general
partnership) with the following partners :
1. Jagdish Katara
(Iranian national from Indian origin)
2. Ram Katara
(Iranian national from Indian origin)
ACTIVITIES
The Company is involved
in the following activities :
Importers and
distributors of machinery and automotive spare parts.
Imports from Asian and
European countries.
FACILITIES
The Company has the
following facilities :
Office premises located
at the heading address.
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%)