MIRA
INFORM REPORT
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Report Date : |
3rd March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
TEHRAN DAROU CO |
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Registered Office : |
Karaj Road km 7, Azadi Ave, Azadi Highway, Opp Bank Mellat
Pars Khodro, Tehran 13198, Iran. |
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Country : |
Iran |
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Date of Incorporation : |
1955 |
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Com. Reg. No.: |
4763 |
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Legal Form : |
Public Joint Stock Company |
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Line of Business : |
Trading as manufacturers of 29 different types of pharmaceuticals
including vitamins and antibiotics. |
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 : |
RIALS 3,000,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
COMPANY NAME
TEHRAN DAROU CO
ADDRESS
Street : Karaj Road km 7
Area : Azadi Ave, Azadi Highway, Opp Bank Mellat
Pars Khodro
Town : Tehran 13198
Country : Iran
Telephone :
(98 21) 4450 4841-3
Fax : (98 21) 4450 4840
SENIOR COMPANY PERSONNEL
Name Position
1. Dr Masood Abdul
Karim Managing Director
3. Mahmood Golchin Financial Director
4. Morteza Shariaty Administration Manager
5. Jafar Fard Sadegh Planning Manager
Total Employees : 213
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
: RIALS 3,000,000,000
Trade risk assessment : Normal
PRINCIPAL BANKERS
NAME :
BANK MELLAT
Branch :
Shahid Fayazbakhsh Ave, Keshavarzi St
P.O. Box : 11365-5964
Town :
Tehran
Telephone : (21) 32491
Fax :
(21) 8889 2868
The subject also has an
account with:
Bank Sepah
Sepahan Branch
Km 15 Karaj Sepcial Road
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 : RIALS 100,000,000,000 - 2003 -
exact
: not given - 2004 - 2005
: RIALS 135,000,000,000 - 2006 - exact
Net Profit : not given
LEGAL STATUS AND HISTORY
Date Started : 1955
History : Sherkat Sarmoye
Gozari Shahed and Bonyad Shahid the, former shareholders, sold the shares to
the current shareholders.
C.R. No. : 4763
Capital : RIALS
3,000,000,000
Sherkat Sahami Aam
(public joint stock company) with the following shareholders :
Percentage
1. Tehran Chemie Co 30%
Km 5
of Karaj Old Road 17th Shahrivar Street
Navard Avenue
P.O. Box :
14155-5639
Tehran
Telephone : (98 21) 680 1160 / 680 2593
Fax
: (98 21) 680 6675
2. Saeed Saeedinajad and
its family
3. Parnia Pour and its
family
4. Undisclosed
shareholders.
ACTIVITIES
The Company is involved
in the following activities :
Trading as manufacturers
of 29 different types of pharmaceuticals including vitamins and antibiotics.
Imports from Spain,
China, Germany and India.
FACILITIES
The Company has the
following facilities :
Owned office premises and
a factory 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%)
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