MIRA
INFORM REPORT
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Report Date : |
6th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
AZAR YADAK AUTO PARTS |
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Registered Office : |
No 3 Abzar Pasaj Rahanhan Street, Tabriz, Iran |
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Country : |
Iran |
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Date of Incorporation : |
1984 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Importers and distributors of automotive spare parts. |
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 : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
AZAR
YADAK AUTO PARTS
ADDRESS
Street : No 3 Abzar Pasaj Rahanhan Street
Town : Tabriz
Country : Iran
Telephone :
(98 411) 280 6362 / 280 2490 / 914 116 0375
Fax : (98 411) 333 7668
SENIOR COMPANY PERSONNEL
Name Position
1.
Parviz Masjedi Managing Director
2.
Ali Masjedi General Manager
3.
Karim Masjedi Commercial Manager
Total
Employees : 14
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.
Opinion
on maximum credit : RIAL 2,000,000,000
Trade
risk assessment : Normal
PRINCIPAL BANKERS
NAME :
BANK MELLAT
Branch :
Shohada Square
Town :
51941 Tabriz
Telephone : (98 41) 25327
Fax :
(98 41) 28533
SWIFT :
MELI IR TH TBZ
The
subject also has an account with Bank Saderat Tabriz Darwaseh Tehran Branch
3570.
Bank
Saderat Iran
1st
Street, Rahahan Barnch No 699
51941
Tabriz
Telephone : (98 41) 66937
Fax :
(98 41) 66944
Acc :
0100817458002
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 45,000,000,000 - 2004 - exact
: RIAL
90,000,000,000 - 2005 - approx
: RIAL 135,000,000,000 - 2006 -
projected*
Net
Profit : not given
*Fiancial
year ends 21 Marsh.
LEGAL STATUS AND HISTORY
Date
Started : 1984
Capital
: RIAL 10,000,000
Sherkat
Massouliate Mahdoud (limited liability company) with the following shareholders
:
1.
Parviz Masjedi
2.
Ali Masjedi
3.
Karim Masjedi
ACTIVITIES
The
Company is involved in the following activities :
Importers
and distributors of automotive spare parts.
Imports
from Turkey and China.
Subject
is planing to purchase a second hand factory from US for producing auto spare
parts.
FACILITIES
The
Company has the following facilities :
Office
premises and storage facilities located at the heading address.
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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