MIRA
INFORM REPORT
|
Report Date : |
6th
February, 2007 |
IDENTIFICATION
DETAILS
|
Correct Name : |
FUTURE
GLOBAL EXPANDER CORP |
|
|
|
|
Registered Office : |
Unit 2,16th Floor, No.39, Iran Trade Center Tower, Africa Ave, P.O.
Box: 19669-44945, Tehran, Iran. |
|
|
|
|
Country : |
Iran |
|
|
|
|
Date of Incorporation : |
20.09.2002 |
|
|
|
|
Com. Reg. No.: |
209255 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
Exporters
of oil related products as well as importers and distributors of general
merchandise, raw materials, and accepting foreign agents |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually
Correct |
|
|
|
|
Litigation : |
Clear |
COMPANY NAME
FUTURE GLOBAL EXPANDER
CORP
ADDRESS
Building
: Unit 2,16th Floor, No.39, Iran Trade Center Tower
Area : Africa Ave
P.O.
Box : 19669-44945
Town : Tehran
Country : Iran
Telephone :
(98 21) 2202 1029
Fax : (98 21) 2201 6096
SENIOR COMPANY PERSONNEL
Name Position
1.
Masoud Mouseghi Chairman / Managing Director
2.
Fahimeh Hamnatani Vice Chairman
3.
Somayyeh Tavakoli (Mrs) Commercial Manager
Total
Employees : 5
PAYMENTS
Current
payment trade record could not be traced.
Subject
interviewed declined to provide any information to the local sources.
Opinion
on maximum credit : In the circumstances we recommend international suppliers
deal on a strictly cash or prepaid basis.
Trade
risk assessment : No classification (see above comments)
It
is normal accepted practice for international suppliers to deal on secured
terms with Iranian importers.
PRINCIPAL BANKERS
NAME :
EXPORT DEVELOPMENT BANK OF IRAN
Branch :
Main Office
PO
Box :
15875-5964
Town :
Tehran 15139
Telephone : (98 21) 8871 6607
Fax :
(98 21) 8871 6979
E-Mail :
kohzadi@edkb
FINANCIAL INFORMATION
Under
Iranian Company Law companies are not required to publish or disclose balance
sheets and the subject interviewed declined to give any financial information,
which the company regards as strictly
confidential.
LEGAL STATUS AND HISTORY
Date
Started : 20 September 2002 (Iranian
year 23/6/1382)
C.R.
No. : 209255
Capital
: RIAL 100,000,000
Sherkat
Massouliate Mahdoud (limited liability company) with the following shareholders
:
1.
Masoud Mouseghi
2.
Fahimeh Hamnatani
ACTIVITIES
The
Company is involved in the following activities :
Exporters
of oil related products as well as importers and distributors of general
merchandise, raw materials, and accepting foreign agents.
Exports
to Asian and European countries.
Subject
does not import.
FACILITIES
The
Company has the following facilities :
Office
premises located at the heading address.
Subjuect
also has an office at:
Vanak
Street
Jahan
Koodak
Africa
Ave
Kish
Street
No
27T
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/normal. |
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 |
|