MIRA
INFORM REPORT
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Report Date : |
7th
February, 2007 |
IDENTIFICATION
DETAILS
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Correct Name : |
GOLSAM GORGAN CHEMICALS |
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Registered Office : |
Amir Parviz Tower 13 Floor, Afriqa Street, 4 Rahe Kodak, Tehran
1969955111, Iran |
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Country : |
Iran |
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Date of Incorporation : |
1997 |
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Com. Reg. No.: |
284 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Manufacturer
and distributors of fertilizers and other agricultural products. |
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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Maximum Credit Limit : |
RIAL
2,000,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
COMPANY NAME
GOLSAM GORGAN CHEMICALS
ADDRESS
Building :
Amir Parviz Tower 13 Floor
Street : Afriqa Street
Area : 4 Rahe Kodak
Town : Tehran 1969955111
Country : Iran
Telephone :
(98 21) 8887 8766
Fax : (98 21) 8887 8762
E-Mail :
farid@golsam.com
SENIOR COMPANY PERSONNEL
Name Position
1. Mohammed Houssain
Rahmati Managing Director
2. Mohammed Mehdi
Rahmati General Manager
3. A Amirani (Mrs) Commercial Manager
Total Employees : 110
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for MEDIUM amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Iranian importers.
Opinion on maximum credit
: RIAL 2,000,000,000
Trade risk assessment:
Normal
PRINCIPAL BANKERS
Name :
PARSIAN BANK
Branch :
Central
Street :
No 65, 1st Floor, Keshavarz Blvd, Shahid Daemy Avenue corner
Telephone : (98 21) 88979285 / 88979282 /
88981600
Fax :
(98 21) 88979286
Acc. No. : 0200066572000
The Company also hsa an
account with :
Name : BANK KESHAVARZI IRAN
Street : 129 Patrice Lumumba, Jalal Al Ahmad
Expressway
P.O. Box :
14155-6395
Town : Tehran 14454
Telephone :
(98 21) 825 2245
Fax : (98 21) 825 0133
FINANCIAL INFORMATION
Under Iranian Company Law
companies are not required to publish or disclose balance sheets. However, the
subject interviewed offered the
following information :
Sales Turnover :
US DLRS 17,000,000 - 2005 - exact
Net Profit :
not given
LEGAL STATUS AND HISTORY
Date Started : 1997
History : The company was
incorporated in Iran under name Dasht E
Gorgan since 1971, the company changed name in 1997 to the present one.
C.R. No. : 284
Capital : RIAL 20,000,000
Sherkat Massouliate
Mahdoud (Limited Liability Company) with the following shareholders :
1. Mohammed Houssain
Rahmati
2. Mohammed Mehdi
Rahmati
3. Other members of the
Rahmai family.
ACTIVITIES
The Company is involved
in the following activities :
Manufactories and
distributors of fertilizers and other agricultural products.
Imports of raw material
from Asian and European countries.
FACILITIES
The Company has the
following facilities :
Office premises located
at the heading address and a factory in :
4th Km of Gonbad Road
Banghoo Industrial Area
Gorgan 49100
The company was formerly
located at:
Apt 1004B, 10Th Fl
Pay-E-Takht Complex
Mirdamad Str
Vali Asr Av
Tel : 021 878 1171
Fax : 021 878 7690
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/normal. |
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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