MIRA
INFORM REPORT
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Report Date : |
16.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
IRAN GELATIN CAPSULE MANUFACTURING SSK |
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Registered Office : |
Orkideh Building, Unit 23, 6Th Floor, 2nd St, Shah Nazari St, Mirdamad Ave, Mohseni Sq (Madar), Tehran 15473 |
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Country : |
Iran |
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Date of Incorporation : |
1996 |
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Com. Reg. No.: |
1156 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufactures and distributors of shell capsule. |
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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
IRAN GELATIN CAPSULE
MANUFACTURING SSK (Correct)
IRAN GELATIN CAPSULE
MANUFACTURING CO (Requested)
ADDRESS
Building : Orkideh Building, Unit 23, 6Th
Floor
Street :
2nd St, Shah Nazari St
Area :
Mirdamad Ave, Mohseni Sq (Madar)
Town :
Tehran 15473
Country :
Iran
Telephone : (98 21) 2222 1406
Fax :
(98 21) 2222 1545
Shortform Name
IGCC
Also Known As
Iran Gelatin Capsule
Company
SENIOR COMPANY
PERSONNEL
Name Position
1. Nasrollah Amir
Ghaidari Managing Director
2. Noor Mohammadi Commercial Manager
3. Ali Farsad Marketing Manager
Total Employees
200
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 2,500,000,000
Trade risk assessment : Normal
TRADE REFERENCES
NAME :
R&J Engineering Corporation
Street :
100 Hanson Avenue
Town :
Kitchener, Ontario
Country :
Canada
Telephone : (519) 578-9070
Fax :
(519) 579-5313
E-Mail :
capsule@rjengineering.com
PRINCIPAL BANKERS
NAME :
BANK TEJARAT
Branch :
Mirdamad Aveune
PO Box :
11365/1917
Town :
Tehran 11369
Telephone : (98 21) 890131 / 890139
Fax :
(98 21) 882 8215
SWIFT :
BTEJ IR TH
FINANCIAL INFORMATION
Under Iranian Company Law
companies and organizations are not required to publish or disclose balance
sheets or budget information. However, the subject interviewed offered the following information applies to
shareholder:
Total budget for
transactions in: RIAL
240,000,000,000,000 the welfare and social security sector
Ministry of Welfare and
Social : RIAL 1,500,000,000,000 (2003)
Security/subject
allocation for
state funds for
nationwide rural
insurance coverage
Amount bugeted for
insurance and: RIAL 60,000,000,000,000
supportive affairs
Government subsidies to
funds : RIAL 180,000,000,000,000 *
and organisations,
including
the subject
Khomeini Relief
Committee's : RIAL 4,580,000,000,000
(a part of the body of
the social
security system) budget
received
from the government
* Nine months period
(January - September 2005)
LEGAL STATUS AND
HISTORY
Date Started : 1996
History : Subject was formerly owned by
Saba Mihan Company, the shareholder changed in
2004.
C.R. No. : 1156
Capital : not given
Sherkat Sahami Khass
(private joint stock company) with the following sole shareholder :
Social Security
Organization
No.453 Azadi Avenue
14195 Tehran
Telephone: (98 21) 6642 8264-8 / 6693 0008
Fax :
(98 21) 6693 7007
ACTIVITIES
The Company is involved
in the following activities :
Manufactures and
distributors of shell capsule.
Production capacity : 4.2
billion capsule per annum
Imports worldwide.
Exports to the wider
region.
Subject closely
cooperates with :
Technophar Equipment and
Services Limited
452 Silver Creek
Industrial Drive R.R.#1, Tecumseh, Ontario Canada N8N4Y3
Telephone: 1 519 727 4114
Fax : 1 519 727 4333
FACILITIES
The Company has the
following facilities :
Office premises at the
heading address as well as a factory at the following location:
Midan spah
Bg of Sharirar Andishe
Road
Shahriar
Telephone: (26232) 26120
/ 22153 / 22178
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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