MIRA
INFORM REPORT
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Report Date : |
6th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
HUNTER PARTS CO LTD |
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Registered Office : |
Hunter building, Ekbatan Street, 8 Metri Melat Ave, Tehran, Iran |
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Country : |
Iran |
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Date of Incorporation : |
1972 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Importers
and distributors of auto 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 : |
No
Complaints |
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Litigation : |
Clear |
COMPANY NAME
HUNTER
PARTS CO LTD
ADDRESS
Building
: Hunter building
Street : Ekbatan Street
Area : 8 Metri Melat Ave
Town : Tehran
Country : Iran
Telephone :
(98 21) 3311 9755 / 3311 4340
Fax : (98 21) 3391 3804
SENIOR COMPANY PERSONNEL
Name Position
1.
Hamid Reza Kalantari Managing Director
2.
A Mahdi Sales Manager
Total
Employees : 5
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
Opinion
on the credit figure of US DLRS 150,000 :
We
consider the above figure to be within the company's financial capabilities.
PRINCIPAL BANKERS
NAME :
BANK SEPAH IRAN
Branch :
Imam Khomeini Square
PO
Box :
9569
Town :
Tehran 11369
Telephone : (98 21) 3311 6382
Fax :
(98 21) 3331 1275
SWIFT :
SEPB IR TH
The
company also has an account with:
1.
Bank Mellat Iran
Vali
e Asr Avenue
Dameshgah
Street 4
PO
Box : 11365/5964
Tehran
Telephone : (98 21) 6646 0871
Fax :
(98 21) 8869 4111
SWIFT :
BKMT IR TH
2.
National Bank of Dubai
Jebel
Ali Branch
PO
Box : 777
Dubai
Telephone : (971 4) 88 16087
Fax :
(971 4) 88 16961
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 : 1972
Paid
up Capital : RIAL 1,000,000,000
Sherkat
Massouliate Mahdoud (limited liability company) with the following shareholders
:
1.
Hamid Reza Kalantari
2.
Undisclosed shareholders.
Affiliated companies of Hunter Parts Co
Ltd :
Associates
1.
Hitex Co
PO
box: 61187
Dubai
UAE
Telephone : 04 883 7494
Chamber
of Commerce Membership No: 92557
2.
Hillber Parts Limited
272
Regents Park Road
Finchley
Central
London
N33HN
UK
ACTIVITIES
The
Company is involved in the following activities :
Importers
and distributors of auto spare parts.
Imports
worldwide.
FACILITIES
The
Company has the following facilities :
Owned
office premises located at the heading address as well as branch office and
workshop located elsewhere in Tehran.
SPECIAL NOTE
Telephone
No: 971 4 883 7494 and the National Bank of Dubai you provided belong to the
affiliated company in UAE Dubai Hitex Co. It has an acount with The National
Bank of Dubai.
Please
note the correct details at heading.
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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