MIRA INFORM REPORT

 

 

Report Date :

3rd March, 2007

                                                         

IDENTIFICATION DETAILS

 

Name :

ASIA CROWN TRADING CO

 

 

Registered Office :

No 903, 9Th Floor Vozara Complex Khaled Eslamboll Street, Tehran, Iran.

 

 

Country :

Iran

 

 

Date of Incorporation :

February 2004

 

 

Com. Reg. No.:

222183

 

 

Legal Form :

Private Joint Stock Company

 

 

Line of Business :

Exporters of oil finishing products.

 

 

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

 

Maximum Credit Limit :

RIAL 1,000,000,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

 COMPANY NAME

 

ASIA CROWN TRADING CO

 

 

ADDRESS

 

Street                                       :  No 903, 9Th Floor Vozara Complex Khaled Eslamboll Street

Town                             :  Tehran

Country                         :  Iran

Telephone                     :  (98 21) 8872 7944 / 912 113 6362 (Mobile)

Fax                               :  (98 21) 8872 7948

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                     Position

 

1. Ali Reza Ostowat                   Managing Director

 

2. Reza Harandi                         Director

 

 

Total Employees : 30

 

 

PAYMENTS

 

No complaints have been heard regarding payments from local suppliers or banks.

 

We consider it is acceptable to deal with subject for MEDIUM amounts although it is normal accepted practice for international suppliers to deal on secured terms with Iranian importers.

 

Opinion on maximum credit        : RIAL 1,000,000,000

 

Trade risk assessment               : Normal

 

 

PRINCIPAL BANKERS

 

NAME               : BANK MELLI IRAN

Branch              : Ferdowsi Avenue 112

PO Box             : 11365/171

Town                 : Tehran

Telephone         : (98 21) 3332 3482 

Fax                   : (98 21) 3311 0365

SWIFT              : MELI IR TH

 

Subject also has an account with Export Development bank of Iran.

 

 

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 54,000,000,000 - 2006 - exact

                   

Net Profit               : not given

 

 

LEGAL STATUS AND HISTORY

 

Date Started                  : February 2004

 

C.R. No.                        : 222183

 

Paid up Capital              : RIAL 10,000,000,000

 

 

Sherkat Sahami Khass (private joint stock company) with the following shareholders :

 

1. Ali Reza Ostowat          

 

2. Reza Harandi

 

3. Houssin Khorsand Mashadi

 

Affiliated companies of Asia Crown Trading Co :

 

Associates

 

Asia Crown General Trading (L.L.C)

P.O.Box: 102654                    

Dubai                   

Address            : Sheikh Zayed Road

Telephone         : 04 343 8289

Fax                   : 04 343 8287 

Chamber of Commerce Membership No: 91543

Capital: Dh 3,000,000

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Exporters of oil finishing products.

 

Exports to UAE, Asian and European countries.

 

 

FACILITIES

 

The Company has the following facilities :

 

Owned office premises located at the heading address as storage facilties in Bandar Abbas.

 

 

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