MIRA
INFORM REPORT
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Report Date : |
19.06.2007 |
IDENTIFICATION DETAILS
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Name : |
A H BITUMEN TRADING & EXPORT CO LTD |
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Registered Office : |
Tous Building 3rd Floor Apt No 77, Sadat Abad, |
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Country : |
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Date of Incorporation : |
2002 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Exporters of bitumen products. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COmpany NAME
A H BITUMEN TRADING &
EXPORT CO LTD
ADDRESS
Building :
Tous Building 3rd Floor Apt No 77
Street : Sadat Abad,
Town :
Country :
Telephone :
(98 912) 133 3799 / (912) 118 9749
E-Mail : hajebnejad@ahbitumen.com (no reply)
SENIOR COMPANY
PERSONNEL
Name Position
Ali Hajeb Nejad Managing
Director
PAYMENTS
Current trade experience
of payments has not been traced.
Our sources could not
contact the subject and obtain financial information.
The following Telephone
number (98 912) 133 3799 / (912) 118 9749 you provided are mobile numbers which
are switched off or unattended, several email messages been sent to the email
address but no reply has been received.
It is normal accepted
practice for international suppliers to deal on secured terms with Iranian
importers.
Opinion on maximum credit
: Nothing detrimental has been heard but in the circumstances we recommend international suppliers deal
with subject on fully secured terms.
Trade risk assessment :
No classification
PRINCIPAL BANKERS
Information on subject's
banking affiliations is not available.
FINANCIAL INFORMATION
Subject is not obliged to
publish or disclosed balance sheet.
Financial information is
not available from third party sources.
LEGAL STATUS AND
HISTORY
Date Started : 2002
Capital : not given
Sherkat Massouliate
Mahdoud (limited liability company) with the following shareholders :
1. Ali Hajeb Nejad
2. Undisclosed
shareholders.
ACTIVITIES
The Company is involved
in the following activities :
Exporters of bitumen
products.
Exports to Asian and
European countries.
FACILITIES
The Company has the
following facilities :
Office premises 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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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%)