MIRA
INFORM REPORT
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Report Date : |
07.12.2007 |
IDENTIFICATION
DETAILS
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Correct Name : |
Fulad Sazi va Navard Ghadir Yazd |
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Registered Office : |
Yazd |
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Country : |
Iran |
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Date of Incorporation : |
2002 |
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Com. Reg. No.: |
6272 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufacture of Steel. |
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: Fulad Sazi va
Navard Ghadir Yazd
Address: Yazd
Iran
Telephone: +98 912 4941303
+98 913 1530788
Fax: +98 351 3625921
Website: -
E-mail: austworld@yahoo.com
registration & legal details
Current Legal Form: PRIVATE JOINT STOCK CO
Registration Address: Yazd
Iran
Registration Number: 6272
Established Date: 2002
Registration Date: 2002
Registration Town: Yazd
History:
Company was originally started as a Privet
Joint Stock on 2002
capital
Nominal capital:
500,000,000 Iranian Rial
Issued capital: 500,000,000 Iranian Rial
Paid up capital: All
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Number of Shares: 1,000 |
Type of Shares: None Selected |
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Issued Shares: |
Value per share: IRI 500,000.00 |
shareholders
Shareholders:
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Name/Address |
% of Voting/Non-Voting capital |
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Hosseini Nasab Family Yazd Iran |
%100-Voting |
principals
Name: Mr. Seyed Asghar Hosseini Nasab
Position within the company: Chairman & Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: English-Farsi
Name: Mr. Seyed Hossein
Hossieni Nasab
Position within the company: Vice- Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Ms. Esmat Hemati
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Naser
Sadeghian
Position within the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
company
activities
Manufacture of Steel.
Local Reporters consider the investigated company to be SMALL
in their field of concern.
operations
Company Employs: 22
Sales:
%100 Nationality
Sales to: Local
Authorities, Group Companies
Sales Term: Cash,
Check
Vehicles: 10
hq premises
Operates Form: Owned: Office, Warehouse, and Factory
Location: Central Business Area, Side Road
bankers
Bank Mellat
Yazd
Iran
Bank Melli
Yazd
Iran
financial information
Information on Financial is not available.
imports
Imports From: India,
Germany
Importing Terms: Letters
of credit
Import % and type of product: %15
Raw Material %15 Finished Good
Additional Information: Balance of %70 purchased via local market.
export
Subject dose not Export.
related companies
Subject doesn't have any Related company
payment
Subject's payments reported to be: NO COMPLAINTS
representative
Suitors:
Mr. Mohamad Jafari Eyshabadi
Auditor:
Mr. Mohamad Ali Babei
interview
& reporter comments
In the interview conducted with Mr. Naser Sadeghian(Director), he declined bank account number citing the grounds of company
confidentiality.
Name/Title: Ms. Zahra Sharifi (Secretary)
Subject has confirmed the details provided in the report.
conclusions
Local Reputation:
The company being investigated is believed by local reporters to be a High Trade Risk.
Owner/Shareholders Comments:
All or most of the owners / shareholders have an active participation 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%)