MIRA
INFORM REPORT
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Report Date : |
28.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
MAAD SAMAN CO LTD |
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Registered Office : |
Apt No 7, 2nd Floor, No 239, Jahan Kudak Cross, Gahndi Street No 25, Tehran |
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Country : |
Iran |
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Date of Incorporation : |
2001 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers and exporters of metal waste and scraps. |
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
MAAD SAMAN CO LTD
ADDRESS
Street : Apt No 7, 2nd Floor, No 239, Jahan Kudak
Cross, Gahndi Street No 25
Town : Tehran
Country : Iran
Telephone :
(98 21) 8877 1499
Fax : (98 21) 8879 3767
SENIOR COMPANY
PERSONNEL
Name Position
Mehdi Fattah
Hosseini Managing Director
Hamid Reza Razaghi General
Manager
Total Employees
10
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
PRINCIPAL BANKERS
NAME :
BANK TEJARAT
Branch :
184 Teleghani Avenue
PO Box :
11365/1917
Town :
Tehran 11369
Telephone : (98 21) 890131 / 890139
Fax :
(98 21) 882 8215
SWIFT :
BTEJ IR TH
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) 891124
Fax
: (98 21) 869 4111
SWIFT
: BKMT IR TH
2. Bank Melli Iran
Ferdowsi Avenue 112
PO Box
: 11365/171
Tehran
Telephone: (98 21) 323482 / 323483
Fax
: (98 21) 311 0365
SWIFT
: MELI IR TH
FINANCIAL INFORMATION
Under Iranian Company Law
companies are not required to publish or disclose balance sheets and the
subject interviewed declined to give any financial information, which the
company regards as strictly
confidential.
LEGAL STATUS AND
HISTORY
Date Started : 2001
Capital : RIAL 10,000,000
Sherkat Massouliate
Mahdoud (limited liability company) with the following shareholders :
1. Mehdi Fattah Hosseini
2. Other undisclosed
shareholders
Affiliated companies of
Maad Saman Co Ltd :
Associates
1. Fateh Samaneh Co Ltd
Ekbatan Street
Tehran
Telephone :
(98 21) 840 2375
Fax
: (98 21) 840 23754
2. Kish Golden Gate Ind
Group Ltd
Unit 118 2nd Floor
Venus Bazar
Kish Island
3. Reasurces of Persian
Gulf Ltd
Kish Island
ACTIVITIES
The Company is involved
in the following activities :
Importers and exporters
of metal waste and scraps.
Imports worldwide
Exports worldwide.
FACILITIES
The Company has the
following facilities :
Office premises located
at the heading address.
The subject was formerly
located at:
Apt No 25, Beheshti Cross
Farahani Ave
Tehran
Telephone : (98 21) 840 2375
Fax :
(98 21) 840 23754
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%)