MIRA
INFORM REPORT
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Report Date : |
11.07.2007 |
IDENTIFICATION DETAILS
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Name : |
Sazeh Gostar Saipa Company |
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Registered Office : |
Opposite of Pars Khodro, Km |
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Country : |
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Date of Incorporation : |
01.07.1985 |
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Com. Reg. No.: |
56673 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Engaged in designing & supplying of automotive parts such as starter, lamps, electrical, steering, suspension system cooling system, heating systems, central locking, breaking system. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
Full Company Name : Sazeh Gostar Saipa Company
Persian Name : Sharkate Sazeh Gostar Saipa
Acronym: S.G.S.Co.
Important Briefing
Business Open Date 1987
Legal Form: Private Joint Stock Company
Nominal Capital: IRR 330,000,000,000.00
Industry: Motor Vehicles, Parts & Accessories
Activity: Designing & Supplying
No. of Employees: 530
Management Address
Address: Opposite of Pars Khodro, Km
City:
Postal Code: 14147
Country:
Telephone: 009821 489101
Telephone 2: 009821 48912281
Fax: 009821 44525858
Email : sg@sazehgostar.com
Website: www.sazehgostar.com
Former Address: No.
4, Ardeshir Alley,
City:
Country:
Date of move: 2001
Registration Detail
Business Open Date: 1989
Registration Date 1.Jul 1985
Present Legal Form Private Joint Stock Company
Registration Number 56673
chamber of commerce No 372694
City of
Registration office Opposite of Pars Khodro, Km 9 Karaj Special Road
Registration Postal Code 14147
Registration Country
Operations
Employees
No. of Employees: 530
No. of Employees in Group: 700
Main Physical Premises
Operates From: Rental Office
Real Estate Status: on a central business area-main road-near an airport
Branches ( Warehouse,
Office, Factory
etc.)
Name Pars
Address: Km
City:
Country:
Tenure: Owned warehouse
Location: on a central business area-main road-near an airport
Size: 28,000 Sq/m
Telephone: 009821 48912794-5
Name Kordan
Address:
City:
Country:
Tenure: Owned warehouse
Location: on a central business area-main road-near an airport
Size: 6,000 Sq/m
Telephone: 009821 48912330 & 37
Address: Km19 Tehran-Karan
City:
Country:
Tenure: Owned warehouse
Location: on a central business area-main road-near an airport
Telephone: 009821 48912790-1
Capital
Issued Capital IRR 330,000,000,000.00
Nominal Capital All
Paid up capital All
Previous Capital IRR 33,000,000,000.00
Date of increased 14.Oct.2006
Principals
information
Name : Mr. Ramezan Ali
Last name: Pour Mojib
Title: chairman
Nationality: Iranian
University degree: MSE
Name : Mr. Saeed
Last name: Madani
Title: managing director
Nationality: Iranian
University degree: MSE
Major: in Mechanics
Name : Mr. Ahmad
Last name: Nouri
Title: vice-chairman & mem of dir board
Nationality: Iranian
University degree: BA
Major: in Metallurgy
Name : Mr. Mohammad
Last name: Moazemi Godarzi
Born: 1967
Title: Financial manager
Nationality: Iranian
University degree: MA
Major: in Accountancy
Parent
Name of Parent Company: Saipa Co
%Shares: 100%
Business
Activity
Industry Motor Vehicles, Parts & Accessories
Activity Designing & Supplying
Subject is engaged in designing & supplying of automotive parts such as starter, lamps, electrical, steering, suspension system cooling system, heating systems, central locking, breaking system.
History
Sazeh Gostar Saipa was established in 1985 as the first designing,
engineering and supplying company of auto parts in
Pioneer in supply chain management of auto parts in
History in brief
Establishment of Sazeh Gostar Co. in 1985 .
Joining of Sazeh Gostar Co. and Meta khodro
Choosing a new name for Sazeh Gostar Co., Namely, Sazeh Gostar Saipa Co.
in 1998. Obtaining the highest rank of
growth in sales in
Joining of Sazeh Gostar Saipa Co. and Saico ( A company for Auto-parts
inspection in (2002).
Joining of Sazeh Gostar Saipa Co. and Desco (A company supplying pars
khodro with auto-parts in 2003).
Sazeh Gostar Saipa company is managing the supply chain , technical
support, production and auto-part orders concerning Nissan, Z24 Pickup, P.K.
Sedan, Caravan, Pride, and Xantia.
Sazeh Gostar Saipa company is supervising 513 auto-parts manufacturers
in regard to manufacturing and collecting the parts needed and required by
automotive industries and in accordance with a very accurate program, delivers
them to various assembly lines
Customers
Number of customers 4
Type of customers Saipa Co, Saipa Yadak Co, Zamyad Co, Pars Khodro Co
Postal Details
P O BOX: 14395-333
Postal Code: 14147
P O Suburb
Subsidaries &
Affiliates
Company Name: Shamekh Co
Address:
Shares: 100%
Activity: Producer of palet
Year Started: 1999
Relation to subject: Subsidiaries
Company Name: Gam Co
Address:
Shares: 100%
Activity: Assembling ring and rubber
Year Started: 1999
Relation to subject: Subsidiaries
Company Name: Al Kar Co
Address:
Shares: 40%
Activity: producing of automotive parts
Year Started: 2000
Relation to subject: Affiliated
Company Name: Sard Saz Co
Address:
Shares: 40%
Activity: producing of automotive parts
Year Started: 1999
Relation to subject: Affiliated
Company Name: Nirou Saz Co
Address:
Shares: 40%
Activity: producing of automotive parts
Year Started: 2000
Relation to subject: Affiliated
Company Name: Valve Manufacturing Co
Address:
Shares: 36%
Activity: producing of valve
Year Started: 1999
Relation to subject: Affiliated
Banking Information
Name: Bank Melli
Branch: Hafez
Address:
City:
Country:
Telephone : 009821 66703478
Account No. : # 11211
Name: Bank Mellat
Branch: Pars Khodro
Address: Km
City:
Country:
Telephone : 009821 44525356
Account No. : # 110004
Importing Information
Country: From:
Amount: 11%
Product and Services: Automotive parts
Terms: cash
Exporting Information
Country: To:
Amount: 10%
Product and Services: Automotive parts
Terms: cash & letter of Credit
Financial Information
Year 31/3/2008
( Projection) 31/3/2007 31/3/2006
Months 12 12 12
Sales USD 1,778,000,000.00 USD 1,666,667,000.00 USD 1,000,000,000.00
Gross Profit n/a USD 116,666,690.00 USD 69,500,000.00
Net Profit n/a USD 79,333,349.00 USD 48,000,000.00
Auditors
Name: Auditing Organization
City :
Country:
Certificates
Certificate: ISO 9001: 2000
Year of Rec: 2002
Certificate: ISO 9002: 94
Year of Rec: 1998
Certificate: ISO Qs 9000
Year of Rec: 2001
Interviewer &
Comments
Name Mr. Mohammad Moazemi Godarzi
Title financial manager
Telephone 009821 48912030
Fax 009821 44525858
Email -
Mobile 0098912 4240740
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)