MIRA
INFORM REPORT
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Report Date : |
21st
February, 2007 |
IDENTIFICATION
DETAILS
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Correct Name : |
TAVANMAND
SEPAHAN SSK |
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Registered Office : |
Arman Building, 1st Floor, No. 20 West Hashbehesht Ave,
Isfahan 81547/53644, Iran |
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Country : |
Iran |
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Date of Incorporation : |
1994 |
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Com. Reg. No.: |
11500 |
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Legal Form : |
Private
Joint Stock Company |
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Line of Business : |
Importers
and distributors of textile 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
200,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
TAVANMAND SEPAHAN SSK
(Correct)
TAVANMAND (Requested)
ADDRESS
Building :
Arman Building, 1st Floor
Street : No. 20 West Hashbehesht Ave
Town : Isfahan 81547/53644
Country : Iran
Telephone :
(98 311) 266 3300 / 266 5222
Fax : (98 311) 264 4435
SENIOR COMPANY PERSONNEL
Name Position
1. Naser Hekmat Managing Director
2. Mehdi Karach Director
Total Employees : 7
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for SMALL amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Iranian importers.
Opinion on maximum credit
: RIAL 200,000,000
Trade risk assessment : Normal
Opinion on the credit
figure of US DLRS 150,000 :
The above figure is
higher than normally seen in one amount, however could prove admissible in a
series of transactions provided the total indebtedness is strictly monitored.
PRINCIPAL BANKERS
NAME :
BANK TEJARAT
Branch :
Chahar Bagh Avenue
PO Box :
35
Town :
Isfahan 81494
Telephone : (98 311) 269483
Fax :
(98 311) 226 2026
The company also has an
account with Saman Bank.
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 :
RIAL 9,000,000,000 - 2006 - exact
Net Profit :
not given
LEGAL STATUS AND HISTORY
Date Started : 1994
C.R. No. : 11500
Paid up Capital : RIAL 10,000,000
Sherkat Sahami Khass
(private joint stock company) with the following shareholders :
1. Naser Hekmat
2. Mehdi Karach
ACTIVITIES
The Company is involved
in the following activities :
Importers and
distributors of textile products.
Imports from Asian and
European countries.
FACILITIES
The Company has the
following facilities :
Owned office premises
located at the heading address as well as warehousing facilities located
elsewhere in Isfahan.
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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