MIRA
INFORM REPORT
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Report Date : |
18.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
PARS OXIDE CO SSK |
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Registered Office : |
267/1, 3rd floor, Dr. Beheshti Ave, Tehran |
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Country : |
Iran |
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Date of Incorporation : |
1987 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufacturers of zinc ingots |
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 2,750,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
PARS OXIDE CO SSK
(Correct)
PARS OXIDE CO (Requested)
ADDRESS
Street : 267/1, 3rd floor, Dr. Beheshti Ave
Town : Tehran
Country : Iran
Telephone :
(98 21) 8873 7520
Fax : (98 21) 8874 7852
SENIOR COMPANY PERSONNEL
Name Position
1. Behnam Hossein Zadeh
Zorofchi Chairman
2. Nassrallah Kiani
Rad Managing Director
3. Nik Nejad Imports Manager
Total Employees
85
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 2,750,000,000
Trade risk assessment : Normal
Opinion on the credit
figure of US DLRS 1,500,000 against da terms :
The above figure is
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 SEPAH IRAN
Branch :
Imam Khomeini Square
PO Box :
9569
Town :
Tehran 11369
Telephone : (98 21) 311 6382 / 311 0642
Fax :
(98 21) 311275 / 311 2138
SWIFT :
SEPB IR TH
The company also has an
account with the following bank :
Saman Bank Corporation
789 Enghelab Avenue
P.O. Box : 15916-35856
Tehran
Telephone : (98 21) 6695 9050
Fax :
(98 21) 6695 8938
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 85,000,000,000 - 2006 - approx
Net Profit : not given but stated to
be profitable
LEGAL STATUS AND
HISTORY
Date Started : 1987
Paid up Capital : RIAL
100,000,000
Sherkat Sahami Khass
(private joint stock company) with the following shareholders :
1. Behnam Hossein Zadeh
Zorofchi
2. Other local investors
ACTIVITIES
The Company is involved
in the following activities :
Manufacturers of zinc
ingots containing by weight Less Than 99.99 % of Zinc.
Imports from China, India
as well as European countries.
Exports to Pakistan and
Dubai.
Subject's export amounts
to 10% of its production.
FACILITIES
The Company has the
following facilities :
Office premises at the
heading address and owned factory with integrated storage facilities in Dalijan
(1,000 sq. metre).
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%)