MIRA
INFORM REPORT
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Report Date : |
20.08.2007 |
IDENTIFICATION DETAILS
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Name : |
SETAREH TALAEE DELIJAN
CARPET CO |
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Registered Office : |
Bouali
Sina Industrial Zone, Delijan, |
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Country : |
Iran |
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Financials (as on) : |
29.03.2006 |
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Date of Incorporation : |
1987 |
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Com. Reg. No.: |
156 |
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Legal Form : |
Joint
Stock Company |
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Line of Business : |
Manufacture and
exporter of machinery carpets |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
Setareh Talaee Delijan
Carpet Co
Address
Bouali
Sina Industrial Zone
Delijan,
Iran
Telephone: +98 866 4224899
+98 866 422 2899
+98 866 422
3899
Fax: +98 866 4224899
Website: -
E-mail: setareh-t-carpet@irantextile.com
Company was originally started on 1987
REGISTRATION & LEGAL DETAILS
Current Legal Form : Joint Stock Company
Registration Address : 4 km
Registration Number : 156
Registration Date : 1987
Year Established : 1987
CAPITAL
Currency : Iranian Rials
Nominal capital : 25,000,000,000.00 Iranian Rials
SHAREHOLDERS
Shareholder Names % of Voting/Non-Voting Capital
Ghasemi family 100
PRINCIPALS
Name : Mr. Ali Ghasemi
Position within the company : Member - Chairman
Country of Birth :
Nationality : Iranian
Can fluently speak : Farsi- English
Name : Mr. Mohammad Reza Ghasemi
Position within the company : Member – Vice President
Country of Birth :
Nationality : Iranian
Can fluently speak : Farsi- English
Name : Mr. Hamid Reza Ghasemi
Position within the company : Member – Managing Director
Country of Birth :
Nationality : Iranian
Can fluently speak : Farsi- English
Name : Mr. Abbas E
Position within the company : Director
Country of Birth :
Nationality : Iranian
Can fluently speak : Farsi
Name : Mr.Zahra
Momeni
Position within the company : Director
Country of Birth :
Nationality : Iranian
Can fluently speak : Farsi
Name : Mr. Reza Tavakoli
Position within the company : Director
Country of Birth :
Nationality : Iranian
Can fluently speak : Farsi
COMPANY ACTIVITIES
Manufacture and exporter of
machinery carpets.
OPERATIONS
EMPLAYEES
Company Employs: 76
HQ PREMISES
Operates from : Owned Office ,
Warehouse, Factory
Location : Central Business Area,
BRANCHES
The company doesn't any
IMPORTS
Imports : Finished Goods
Import% : 15
Import from :
Import terms : letters of credit
Additional : balance of 85% purchased via local
market
EXPORT
Exports to : CIS Countries,
Export% : 10
Export terms : Letters of Credit
TRADING & SELLING
Territory : 90 % Internationally –
10% Internationally
Type of Customer : Group Companies
Terms of sales : letters of credit
Vehicles : Total number of vehicles: 30
RELATED COMPANIES
The subject doesn't have any
related companies.
BANKS
Melli Bank
Delijan
FINANCIAL INFORMATION
Date : 19/08/07
Source : Mr. Abbas E
Figures : Estimates
Currency : Iranian Rials
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Months |
Date |
Sales |
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12 |
29/03/2006 |
90,000,000,000 |
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12 |
29/03/2005 |
80,200,000,000 |
AUDITORS
Solicitors:
Mr. Mehdi Tavakoli
Mr.Haj Hassan Esmaili
PAYMENTS
Subject's payments reported to be: NO COMPLAINTS
INTERVIEW & REPORTER COMMENTS
In the interview conducted with Mr. Abbas E
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 HIGH
TRADE Risk.
General Conclusion :
TO BE SECURED.
Owner/Shareholders Comments: Most owners involved in the
running of the business
Age of Business : Old Family Business
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. |
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%)