MIRA
INFORM REPORT
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Report Date : |
24.08.2007 |
IDENTIFICATION DETAILS
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Name : |
Azar Mehr Sanat Company |
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Registered Office : |
1st Floor, Soheyl Bldg, No.108, Western |
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Country : |
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Date of Incorporation : |
1998 |
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Com. Reg. No.: |
171931 |
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Legal Form : |
Private Joint
Stock Company |
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Line of Business : |
Manufacture and Importer of Industrial Machinery and Equipment. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Details
Company Name: Azar Mehr Sanat Company
Headquarter Address: 1st
Floor, Soheyl Bldg, No.108,
Western
Telephone: +98 21 55610212
Fax: +98 21 55610212
Website: -------
E-mail: -------
Registration & Legal Details
Current Legal Form: Private Joint Stock Company
Registration Address: 1st
Floor, Soheyl Bldg, No.108,
Western
Registration Number: 171931
Registration Date: 1998
Year Established: 1998
Company was originally started on 1998
Capital
Currency: Iranian Rial
Nominal capital: 30,000,000
Shareholders
Name/Address % of Voting
Mr.Saeed Haji Karimloo %35
Mr.Bahman Haji Karimloo %35
Ms.Fakhri Ghareh Goozloo %30
Principals
Name: Mr. Saeed
Haji Karimloo
Position within the company: Managing Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Bahman
Haji Karimloo
Position within the company: Chairman
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Ms. Fakhri
Ghareh Goozloo
Position within the company: Vice-Chairman
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Ms. Laiyla Ardestani
Position within the company: Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Jafar Dariani
Position within the company: Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi- English
company activities
Manufacture and Importer of Industrial Machinery and Equipment.
Local Reporters consider the investigated company to be Small
in their field of concern.
employees
Company Employs: 10
hq premises
Operates from: Owned Office, Warehouse
Location: Central
Business Area,
imports
Import%: %25 Finished Good
Import from:
Import terms: letters of credit
Additional: balance of 75% purchased via local
market
export
Export % and type of product: Subject does not export
trading & selling
Territory: 100% Nationally
Type of Customer: Group Companies
Terms of sales: Cash, Check
Vehicles: Total number of vehicles: 7
related companies
Subject Dose not any Related Company
banks
Saman Bank Corp.
Bazar Branch, No. 693, West 15,
financial information
Source: Ms. A.
Parouni(Secretary)
Currency: Iranian Rial
Note:
Figures in 000,000
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Months |
Sales figures |
Sales |
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12 |
29/03/2006 |
19,950 |
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12 |
29/03/2005 |
15,910 |
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12 |
29/03/2004 |
11,350 |
payments
Subject's payments reported to be : NO COMPLAINTS
interview
Name/Title: Ms. A.
Parouni(Secretary)
Comment: Subject has confirmed the general
details shown the report.
Comment:
In the interview conducted with Ms. A. Parouni
(Secretary), she Declined full financial
information and bank account numbers and full financial data
citing the grounds of company confidentiality.
NOTE: the fax number
which you provided (00982155636384) is not accurate one, it is belonged to the Metal
Workshop.
conclusions
Accounts are Brief Accounts: Only Sales
Local Reputation: The company being investigated is considered by local reporters to be a
High Trade Risk and TO BE SECURED.
Owner/Shareholders Comments: Some of 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%)