MIRA
INFORM REPORT
|
Report Date : |
01-08-2007 |
IDENTIFICATION DETAILS
|
Name : |
ISTA SUPAP COMPANY |
|
|
|
|
Registered Office : |
7th Km of |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
2006 |
|
|
|
|
Com. Reg. No.: |
52238 |
|
|
|
|
Legal Form : |
Joint Venture Company |
|
|
|
|
Line of Business : |
Manufacturer of Valves and Spare Parts of Cars. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
Company Details
Company Name: Ista
Supap Company
Address: 7th Km of
Telephone: +98 411 637 2316
+98 411367 2317
+98 411367 2318
+98 411367 2319
Fax: +98 411 637 2315
E-mail: Poladish@gmail.com
Company was originally started on 2006
Registration & Legal Details
Current Legal Form: Joint Venture Company
Registration
Address: 7th Km of
Registration Number: 52238
Registration Date: 2006
Year Established: 2006
Chamber of commerce
number: 3218
Capital
Currency: Iranian
Rials
Nominal capital: 1000,000,000.00
Shareholders
Parent Company:
Company name: Poladish
Group
Establish Date: 1980
Chamber of Commerce
Member No: 3063
Manufacture of Drive
Shafts,metal, belts and chains for industrial power transmission.
It was awarded by:
ISO 9001 Certificate from
DQS
ISO TS Certificate from
DQS
Quality award from BID
International
The last year was awarded
by as a" Specimen company" by Industrial Ministry of Iran.
Address: 3
Km of
Tel: +98 411 637 2008
Fax: +98 411 637 2008
Share%: 100
Principals
Name: Mr. Ahmad Haji Karam Zanjani
Position within the
company: Managing director- Member
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Yaghoub Yeganeh
Position within the
company: Chairman
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Ramin Haji Karam Zanjani
Position within the
company: Member
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr.Yousef Yeganeh
Position within the
company: Member
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi
Company Activities
Manufacture of Valves and
spare parts of cars.
It has two separate
plants, the production capacity of first valve plant is about 4,000,000 valves
per year and the second plant is around 6,000,000 valves per year in 2 eight-hour working
shifts.
First plant which has
completely installed has been equipped with fully automatic transfer line and
whole line has been purchased from VW-Salzgitter/Germany and the second
production line for ISTA' second plant has purchased from Mercedes Benz OEM
part provider in
Local Reporters consider the investigated company to be MEDIUM their field of concern.
Employees
Company Employs: 390
HQ Premises
Operates from: Owned Office , Warehouses,
Factories
Premises Size: 6000 Square meters
Location: Central
Business Area,
Branches
The company doesn't any
Imports
Imports : Finished Goods
Import%: 35
Import from:
Import terms: letters of credit
Additional: balance of 65% purchased via local
market
Export
The subject doesn’t have
any export.
Trading & Selling
Territory: 100 %
Internationally
Type of Customer: Group Companies, Automotive
factories such as SAPCO and MEGA motors
Terms of sales: letters of credit
Vehicles: Total number of vehicles: 42
Related Companies
The subject doesn't have
any related companies.
Banks
Tejarat Bank
Financial Information
The subject informed us that financial statements is not
available yet.
Payments
Subject's payments reported to be: NO COMPLAINTS
interview & reporter comments
Name/Title: Mr. Ramin Haji Karam Zanjani – Member
In the interview conducted with Mr. Ramin Haji Karam Zanjani – Member. He declined full financial information and bank account numbers citing the grounds of company confidentiality
Conclusion
Local Reputation: The company being investigated is considered by local reporters to be a Fair / NormalTrade Risk.
General Conclusion:
Local informants consider granting of credit to be a fair trade risk.
Owner/Shareholders Comments:
Most owners
involved in the running of the business
Age of Business: New Company ( Family Business)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we have no basis upon which to recommend credit dealings |
No Rating |
|
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%)