MIRA
INFORM REPORT
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Report Date : |
23.07.2007 |
IDENTIFICATION DETAILS
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Name : |
Milad Kashan Iron Ware Distribution Company |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
19-Apr-05 |
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Com. Reg. No.: |
243846 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Engaged importing and distributing of iron
ware in form ingot, sheet, bar and etc. |
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 : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
Full Company Name : Milad
kashan Iron Ware Distribution Company
Persian Name : Sherkate
Pakhshe Ahanalat Milade Kashan
Other Trading Style Name(S): Milad Kashan Company
Important Briefing
Business Open Date 27-Jun-05
Legal Form: Private Joint Stock Co
Nominal Capital: IRR
100,000,000.00
Industry : Iron Ware
Activity: Importing & Exporting
No. of Employees: 50
Management Address
Address:
City:
Postal Code: 1533876911
Country:
Telephone: 009821 88763441
Telephone 2: 009821 88758596
Fax: 009821 88762118
Email : info@sinandsons.com
Website: www.sinandsons.com
Registration Detail
Business Open Date: 2005
Registration Date 19-Apr-05
Present Legal Form Private
joint stock Co
Issuing Authority Buearu
of registration Company
Registration Number 243846
Trade License No. 424560
City of
Registration Country
Operations
Employees
No. of Employees: 50
Main
Physical Premises
Operates From: Owned office
Real Estate Status: On a central business area-main road-near
an airport
Size: 850 sq/m
Capital
Issued Capital IRR
100,000,000.00
Nominal Capital All
Paid up capital All
Principals
information
Name : Mrs. Rosa
Last name: Sinaeian
Born: 1983
Title: managing director
Nationality: Iranian
University degree: Bsc
Major: computer engineering
Name : Mr. Mohammad
Last name: Sinaeian
Born: 1981
Title: vice-chairman
Nationality: Iranian
University degree: Bsc
Major: Metallurgy
Name : Mr. Keyvan
Last name: Sinaeian
Born: 1980
Title: chairman
Nationality: Iranian
University degree: Bsc
Major: Industrial engineering
Shareholders
Name: Mr. Keyvan Sinaeeyan
%Shares: %25 of the voting capital
Name: Mr. Mohammade Sinaeeyan
%Shares: %25 of the voting capital
Name: Mrs. Rosa Sinaeeyan
%Shares: %25 of the voting capital
Name: Mrs. Sara Sinaeeyan
%Shares: %25
of the voting capital
Business
Activity
Industry Iron Ware
Activity Importing
Subject is engaged importing and
distributing of iron ware in form ingot, sheet, bar and etc.
Customers
Type of customers Construction
industries
Postal Details
P O BOX:
Postal Code: 1533876911
P O Suburb
Subsidaries &
Affiliates
Company Name: Sina
Poolad Company
Address:
Activity: Importer of
Iron ware
Year Started: 1987
Relation to subject: Sister
Company
Company Name: Pars
Sina Felez
Address:
Activity: Importer of Iron ware
Year Started: 2001
Relation to subject: Sister
Company
Company Name: Dam
va ture sina
Address:
Activity: animal
husbandry
Year Started: 1982
Relation to subject: Sister
Company
Company Name: Damdasht
Sina Co
Address:
Activity: floriculture
Year Started: 2001
Relation to subject: Affiliates
Company Name: Poolad Sanat Sina Co
Address:
Activity: Producer
of iron ingot
Year Started: 2005
Relation to subject: Sister Company
Banking Information
Name: Bank Mellat
Branch: Bazar
Address: sabzeh meydan
City:
Country:
Telephone : 9821 33907214
Account No. : 45691
Importing Information
Country: From:
Amount: 100%
Product and Services: Iron ware
Terms: Letter of Credit
Exporting Information
Country: To:Non
Amount:
Product and Services:
Terms:
Financial Information
Year 31/03/2007 31/12/2006 31/12/2005
Months 12 12 12
Sales USD 33,810,000.00 USD 32,000,000.00 USD 30,250,000.00
Gross Profit USD
5,429,000.00 USD 5,100,000.00 USD 4,700,000.00
Net Profit USD
2,895,000.00 USD 2,779,000.00 USD 2,680,000.00
Auditors
Name: Mr. Naser Assi
City :
Country:
Interviewer
& Comments
Name Mrs. Rosa Sinayean
Title Managing Director
Telephone 009821 88758596
Fax 009821 88762118
Email rosa.sinaeian@sinaandsons.com
Mobile 0098912 1385037
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%)