MIRA
INFORM REPORT
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Report Date : |
19.06.2007 |
IDENTIFICATION DETAILS
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Name : |
NICKEL FARAYAND CO SSK |
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Registered Office : |
No 48, |
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Country : |
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Date of Incorporation : |
1996 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufacturers and distributors of electroplating and polymer
products. |
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 250,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
NICKEL FARAYAND CO SSK
ADDRESS
Street : No 48,
Area :
Town :
Country :
Telephone :
(98 21) 6681 7011-12
Fax : (98 21) 6680 6520
SENIOR COMPANY
PERSONNEL
Name Position
1. Ahmed Jafarian Chairman
2. Rahim Ershadi Managing
Director
Total Employees
17
PAYMENTS
No complaints have been heard
regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for SMALL amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Iranian importers.
Opinion on maximum credit
: RIAL 250,000,000
Trade risk assessment:
PRINCIPAL BANKERS
NAME :
BANL TEJARAT
Branch :
PO Box :
11365/1917
City :
Telephone : (98 21) 8889 0131
Fax :
(98 21) 8882 8215
The company also has an
account with the Parsian Bank Central Branch Tehran.
FINANCIAL INFORMATION
Under Iranian Company Law
companies are not required to publish or disclose balance sheets. However, the
subject interviewed offered the
following information :
Sales Turnover : RIAL 12,000,000,000 - 2006 - exact
Net Profit : not given
LEGAL STATUS AND
HISTORY
Date Started : 1996
Paid up Capital : RIAL
100,000,000
Sherkat Sahami Khass
(private joint stock company) with the following shareholders :
1. Ahmed Jafarian
2. Rahim Ershadi
ACTIVITIES
The Company is involved
in the following activities :
Manufacturers and
distributors of electroplating and polymer products.
Imports from European
countries.
FACILITIES
The Company has the
following facilities :
Owned office premises and
a 5,000 sq/m plot of land and 1,000 sq/m manufacturing units with integrated
storage facilities 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%)