MIRA
INFORM REPORT
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Report Date : |
10.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
Kavir Tire Company |
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Registered Office : |
No.13 Shokooh, St. Khoramshahr Ave. Tehran 1557746114 |
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Country : |
Iran |
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Date of Incorporation : |
13 March, 1987 |
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Com. Reg. No.: |
69300 |
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Legal Form : |
Public Joint
Stock Company |
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Line of Business : |
Manufacture of Tire. |
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: Kavir Tire Company
Headquarter Address: No.13 Shokooh, St.
Khoramshahr Ave.
Tehran
1557746114
Iran
Tel: +98
21 88769538
+98
21 88745451
Fax: +98
21 88766593
+98 21 88536898
Factory
Address: Birjand, P.O.Box 518
Telephone: +98 561 2225369
+98 561 2225330
Fax: +98
561 2227340
Website: www.kavirtire.ir
E-mail: kavtire@kavirtire.ir
Company was originally started on 1987
registration & legal details
Current Legal Form: Public Joint Stock Company
Registration Address: No.13, Shokooh,
St. Khoramshahr Ave.
Tehran
1557746114
Iran
Registration Number: 69300
Registration Date: 13 March, 1987
Year Established: 13 March, 1987
Registration Town: Tehran
history
Kavir Tire Company was founded on March 13, 1987, under the name of Birjand
Tire Manufacturing Company, with an initial capital of one million rials, and
was registered under license number 69300 with the Non-Commercial Companies and
Organizations Registration Administration, in Tehran. As a result of the
decision of the special general assembly on August 27, 1988, the company’s name
was changed to Kavir Tire Company. Based on the vote of the general assembly of
June 25, 1990, the company’s headquarters was established in Birjand, and the
company was registered under license number 307 with the Registration
Administration of the district of Birjand. According to the proceedings of the
special general assembly of October 13, 2002, the company’s headquarters was
relocated to Tehran and the company was registered under license number 69300
with the Non-Commercial Companies
and Organizations Registration Administration.
capital
Currency: Iranian
Rials
Nominal capital: 200,000,000,000
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Number of Shares: 200,000,000 |
Type of Shares: None Selected |
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Issued Shares: - |
Value per share: IRI 1,000.00 |
shareholders
|
Shareholders |
Number of Shares |
Value (millions of rials) |
Percentage |
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Omid Investment Management Co. |
980,000,000 |
980,000 |
49 |
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Ghadir Investment Co. |
395,000,000 |
395,000 |
19.75 |
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Other shareholders |
625,000,000 |
625,000 |
31.25 |
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Total |
200,000,000 |
200,000 |
100 |
principals
Name: Mr. Seyed Mohamad Hossein Zeinali
Position within the company: Managing director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Mohsen Sobhani
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Manouchehr Zandifar
Position within the company: Vice
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Name: Mr. Abolfazl Kazazi
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Name: Mr. Faramarz Bazeghi
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Name: Mr. Ali Hamidi
Position within the company: Commercial
Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
company
activities
Manufacture of Tire.
Local Reporters consider the investigated company to be
Large their field of concern.
employees
Company Employs: 1200
hq premises
Operates from: Owned Offices, Warehouses,
Factory
Location: Central Business Area, Main Road
imports
Imports : Finished Goods
Import%:
30
Import from: Europe,
Korea
Import terms: letters
of credit
Additional: balance
of 70% purchased via local market
export
Export to: Africa, CIS, Saudi Arabia
Export %: 20
Export term: Letters of Credit
trading
& selling
Territory: 80 %
Internationally – 20% Internationally
Type of Customer: Group Companies,
Automotive factories such as RENULT
Terms of sales: Cash,
letters of credit
Vehicles:
Total number of vehicles: 158
related companies
Subject dose not have any related company.
banks
Melli Bank
Tehran
Iran
Tejarat Bank
Tehran
Iran
Post Bank
Tehran
Iran
Bank Maskan
Tehran
Iran
financial
information
Source: Mrs. Mona Kamran
Currency: IRANIAN RIALS
Note: Figures in 000,000's
Months
Sales Figures Sales Gross Profit/Loss
12 29/03/2006 217,994 110,013
12 29/03/2005 187,262 115,488
12 29/03/2004 154,429 125,598
BALANCE SHEET
Source:
Formal Finance
Date: 29/03/2006
Currency:
Iranian Rial
Note: Figures in 000,000'
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NEW WORTH |
173,271 |
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Trade Creditor |
206,554 |
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Total Liabilities |
700,176 |
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Trade Debtors |
250,621 |
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Total Assets |
829,380 |
payments
Subject's payments reported to be: NO COMPLAINTS
interview
& reporter comments
Name/Title: Mrs.
Mona Kamran – Secretary
In the interview conducted with Mrs. Mona Kamran (Secretary), She declined 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 / Normal Trade Risk.
General Conclusion: Local informants consider granting of credit to be a fair trade risk.
Owner/Shareholders Comments: Some of owners involved in the running of the
business
Age of Business: Old Business
Clipping
Source: Iran News
Date: 2001
Production of
Kavir Tire in the first 6 months
Kavir Tire Company (KTC) has produced more than 338,000 units of radial,
bios and flap tire during the first six months of the current Iranian year
(ended 22 September 2001), Mohammad Hossein Zeinali, managing director of KTC
stated.
In the mentioned period the production of the company's radial, bios and flap
tire has reached 5.9 million kg which shows an increase of 68% in production,
compared to the last year.
The company's public relations office reported that during the first 6 months
147,700 units of bios tires in 28 sizes and models, 103,700 units of radial
tires in 15 sizes and models and 86,800 units of flap tire were produced.
Mr Zeinali added that 92.5% of the planned production program has been
realized. Also the experimental production of 3 new sizes of radial tire
including 145/70 R13 for Matiz, 175/70 R14 for Peugeot and 165/65 R13 for Pride
along with production of different sizes of truck bios (KB400 and KB444 models)
has started.
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%)