MIRA INFORM REPORT

 

 

Report Date :

07.12.2007

 

IDENTIFICATION DETAILS

 

Name :

Khayyam Foodstuff Trading Co

 

 

Registered Office :

Next to Bank Saderat, Kohandejh St, Serah Kohandejh, Isfahan

 

 

Country :

Iran

 

 

Date of Incorporation :

2000

 

 

Legal Form :

Proprietroship

 

 

Line of Business :

Supplier and Importer of Tea and Rice.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear


company details

 

Company Name:            Khayyam Foodstuff Trading Co

Address:                       Next to Bank Saderat, Kohandejh St

                                                Serah Kohandejh

                                                Isfahan

                                                Iran

Telephone:                    + 98 311 2286782

Fax:                              + 98 311 2286782

Website:                       -    

E-mail:                          -      

                        

Company was originally started on 2000

 

 

registration & legal details

 

Current Legal Form:                               Proprietroship

Registration Address:                             Next to Bank Saderat, Kohandejh St

                                                            Serah Kohandejh

                                                            Isfahan

                                                            Iran

Start Date:                                                        2000                                                

Chamber of Commerce Number:              148093

Registration Date:                                  2000

Registration Town:                                 Isfahan

 

 

capital

 

Currency:                                     Iranian Rials

Nominal capital:                           100,000,000.00

 

           

shareholders

 

Shareholder Name/Address

% of Voting

Mr. Kamal Khayyam Nekouei

Isfahan

Iran

%100

 

 

principals

 

Name:                                                   Mr. Kamal Khayyam Nekouei

Position within the company:      Managing Director

Country of Birth:                        Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                       Ms. Fatemeh Ramezani

Position within the company:     Director

Country of Birth:                        Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

 

company activities

 

Supplier and Importer of Tea and Rice.

 

Local Reporters consider the investigated company to be Small in their  field of concern.

 

 

employees

 

Company Employs:       4

 

 

hq premises

 

Operates from:   Owned: Office, Warehouse,

Location:            Central Business Area, Main Road

 

 

imports

 

Imports :           Finished Goods

Import%:          %70

Import from:       Sri Lanka, India

Import terms:     letters of credit

Additional:         balance of 30% purchased via local market

 

 

export

 

Subject dose not have Export.

 

 

trading & selling

 

Territory:                       100 % Nationally  

Type of Customer:          Group Companies, Local Authorities

Terms of sales:             letters of credit

Vehicles:                                   Total number of vehicles: 2

 

 

related companies

 

Subject dose not have any related company.

 

 

banks

 

Bank Saderat

Isfahan

Iran

 

Bank Melli

Isfahan

Iran

 

 

financial information

 

Information on Financial is not available.

 

 

payments

 

Subject's payments reported to be:          NO COMPLAINTS

 

 

interview & reporter comments

 

Name/Title: Ms. A. Mortazavi (Secretary)

 

In the interview  conducted  With  Ms. A. Mortazavi (Secretary),she declined 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 HighTrade Risk.

 

Owner/Shareholders Comments:

All owners involved in the running of the business

 

Age of Business: Old Family Business


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions