MIRA INFORM REPORT

Report Date :

25.06.2007

IDENTIFICATION DETAILS

Name :	Ahmad Ali Kavousi
Registered Office :	No. 3, 7^th Street, After Pounak Sq., Ashrafi Esfahani Highway, Tehran - 1469664413
Country :	Iran
Financials (as on) :	31.03.2007
Date of Incorporation :	1990
Legal Form :	Proprietorship
Line of Business :	Engaged in producing and printing of labels.

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear

Company Name

Full Company Name  :   Ahmad Ali Kavousi

Persian Name : Ahmad Ali Kavousi

Other Trading Style Name(S):  Parsian Label Printing

Important Briefing

Business Open Date 1990

Legal Form: Proprietorship

Nominal Capital:  IRR 10,000,000.00

Industry: Print Industry

Activity: Producing

No. of Employees: 20

Management Address

Address: No.3, 7th Street, After Pounak Sq., Ashrafi Esfahani Highway

City: Tehran

Postal Code: 1469664413

Country: Iran

Telephone: 009821 44412178

Fax: 009821 44430192

Email : ahmadkavoosi@parsianlabel.com

Website: www.parsianlabel.com

Registration Detail

Business Open Date: 1990

Registration Date 1990

Present Legal Form Proprietorship

Printing Office License No. 107304

City of Registration Tehran

Registration office No.3, 7th Street, After Pounak Sq., Ashrafi Esfahani Highway

Registration Postal Code 1469664413

Registration Country Iran

Operations

Employees 

No. of Employees:  20

Main Physical Premises

Operates From: Owned office

Real Estate Status: On a central Business Area- Main Road- near an airport

Size: 80 Sq/m

Branches (Warehouse, Office, Factory

etc.)

Address: No.117, Down Kalak, Karaj

City: Tehran

Country: Iran

Tenure: Owned Workshop

Location: On a Industrial Area-main road- near an airport

Size: 500 sq/m

Telephone: 0098261 2312954

Fax: 0098261 2312954

Manager: Mr. Ahmad Ali Kavoosi

Activity: Printing office

Employees in place: 15

Capital

Working Capital IRR 300,000,000.00

Principals information

Name : Mr. Ahmad Ali

Last name: Kavoosi

Born: 1949

Title: Proprietorship

Nationality: Iranian

University degree:  BA

Major: Accounting

Name : Mr. Amin

Last name: Kavoosi

Title: Commercial Manager

Nationality: Iranian

University degree: BA

Name : Mr. Bahman

Last name: Alizadegan

Title: Public Relation Manager

Nationality: Iranian

University degree: BA

Shareholders

Name: Mr. Ahmad Ali Kavoosi

%Shares: 100%

Business Activity  

Industry Printing Industry

Activity Producing

Subject is engaged in producing and printing of labels.

History

Parsian label printing  with more than 17 years of experience in the label printing industry ,has the ability to manufacture and print years of experience in the label printing industries various paper labels (mat, semi-gloss  glossy and color) thermal labels, film labels including addition to manufacturing other various products in the fields of printing  and die-cutting any type of labels. Entire products of our printing house can be processed in the form of reel and sheet for use in office and industrial automations foods bar-codes, toilet and hygienic, packaging and other related industries and our printing house is ready to meet any customer request in this regard.

Production

Product: Labels

Capacity: 1,500,000

Measure: Sq/m - Yearly

Customers

Number of customers  20

Type of customers  Cosmetic & Hygienic, Automobile, Computer and drug industries

Postal Details

Postal Code: 1469664413

P O Suburb Tehran

Banking Information

Name: Bank Motahari

Branch: Daryaye Nour

Address: Motahari Street

City: Tehran

Country: Iran

Telephone : 009821 88732120

Account No. : #22240684

Vehicle ( Machineries )

Number:  8 Number

Description:  Cutting machinery, Print machinery, Coating

Importing Information

Country: From: India, Spain, Malaysia

Amount: 100% ( amount USD 1,000,000 )

Product and Services: PVC papers, label, gum

Terms: Cash & Letter of credit

Exporting Information

Country: To: Non

Amount:

Product and Services:

Terms:

Financial Information

Year  31/3/2007 31/3/2006 31/3/2005

Months 12 12 12

Sales USD 1,300,000.00 USD 1,400,000.00 USD 1,120,000.00

Gross Profit USD 455,000.00 USD 460,000.00 USD 392,000.00

Net Profit USD 325,000.00 USD 322,000.00 USD 280,000.00

Expansion Plans

Stablishing a new factory in Qazvin in the next 2 years for increasing annual capacity.

Impotants Notes

Subject uses Ms. Sedigheh Zayeri's commercial card for importing. Ms. Sedigheh Zayeri. mercial card for importing. Ms. Sedigheh Zayeri dose not have any business activity.In The enquiry the address had been mentioned Bandar Abbas that relate to Ms. Sedigheh Zayeri's residential Place. Other companies use Ms. Zayeri's commercial card in the same manner

Interviewer  & Comments

Name: Mr. Ahmad Ali Kavoosi

Title: Proprietorship

Telephone: 009821 44412178

Fax: 009821 44430192

Email: ahmadkavoosi@parsianlabel.com

Mobile: 0098912 1009367

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
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
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
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.	Small
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
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions