MIRA
INFORM REPORT
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Report Date : |
29.08.2007 |
IDENTIFICATION DETAILS
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Name : |
Lut Powder Metallurgy |
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Registered Office : |
Unit 203, 2nd Floor, No.10, Laleh Alley, Berezil
St, Vanak Sq., Tehran |
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Country : |
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Date of Incorporation : |
1991 |
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Com. Reg. No.: |
87378 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufacture of Automotive Parts, Motor vehicle body
components and spare parts. |
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 : |
No Complaints |
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Litigation : |
Clear |
Company Details
Company Name: Lut Powder Metallurgy
Headquarter Address: Unit
203, 2nd Floor, No.10, Laleh Alley
Factory Address: Gheteh 4,
Telephone: +98
21 88870800
+98 21 88870801
+98 262 4222540
+98 262 4224055
Fax: +98 21 88870799
+98 262 4225011
Website: -------
E-mail: lut_pm@yahoo.com
Registration &
Legal Details
Current Legal Form: Private
Joint Stock Company
Registration
Address: Unit 203, 2nd Floor, No.10, Laleh Alley
Registration Number: 87378
Registration Date: 1991
Year Established: 1991
Company was originally
started on 1991
Capital
Currency: Iranian Rial
Nominal capital: 1,200,000,000
Shareholders
Name/Address % of
Voting
Mr. Javad Zabetian %40
Mr. Firooz Irani %35
Mr. Mojtaba Naserian %25
Principals
Name: Mr. Javad Zabetian
Position within the
company: Chairman
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Firooz Irani
Position within the
company: Managing Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Mojtaba Naserian
Position within the
company: Vice-Chairman
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Parviz Nirouee
Position within the
company: Commercial Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Ms. Sara Kazemi
Position within the company: Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi- English
Company Activities
Manufacture of Automotive
Parts, Motor vehicle body components and spare parts.
Certificate: ISO 9002
Local Reporters consider the investigated company to be Medium
in their field of concern.
Employees
Company Employs
: 38
HQ Premises
Operates from: Owned Office,
Factory, Warehouse
Location: Central
Business Area,
Imports
Import%: %15
Finished Good %10 Raw Material
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: Local Authorities, Group Companies
Terms of sales: Cash, Check
Vehicles: Total number of vehicles: 22
Related Companies
Subsides:
Tavoni Maskan Kargaran
Lut Metallurgy
Phase 1,
Savojbolagh
Tel: +98 262 4222540
Fax:+98 262 4225011
%Held: %100
Banks
Bank Tejarat
Bank Melli
Financial Information
Source: Mr. Sara Kazemi(Director)
Currency: Iranian Rial
Note: Figures in 000,000
Months Sales figures Sales
12 29/03/2006 29,950
12 29/03/2005 24,910
12 29/03/2004 20,350
Balance Sheet
Source: Financial Estimates
Currency: Iranian Rial
Figures: 000,000
Net Worth 8400
Trade Creditor 2500
Total Liability 5700
Trade Debtors 5500
Total Assets 11100
Payments
Subject's payments reported to be: NO COMPLAINTS
Interview
Name/Title:
Ms. Sara Kazemi(Director)
Comment: Subject has confirmed the general
details shown the report.
Reporter Comment:
In the interview conducted with
Ms. Sara Kazemi (Director),she Declined full financial information and
bank account numbers citing the grounds of
company confidentiality.
Conclusions
Accounts are Brief
Accounts: Only Sales brief data received
Local Reputation:
The company being investigated is considered by local reporters to be a
Medium Trade Risk.
Owner/Shareholders Comments:
All owners involved in the running of the business
Age of Business:
Old 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%)