MIRA
INFORM REPORT
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Report Date : |
02.05.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHERKAT PARS FANAR |
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Registered Office : |
Shahid Shurideh Avenue No 6, Nuri Highway, P. O. Box 19395-3477, Tehran 14449, Central |
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Country : |
Iran |
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Date of Incorporation : |
1987 |
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Com. Reg. No.: |
51562 / 686 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufacturers of leaf springs (including parabolic springs) for autos and railway industries. |
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 100,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
SHERKAT PARS FANAR
(Correct)
PARS FANAR (Requested)
ADDRESS
Street : Shahid Shurideh Avenue No 6, Nuri Highway
P.O. Box :
19395-3477
Town : Tehran 14449
Province :
Central
Country : Iran
Telephone :
(98 21) 8826 1961 / 8826 1962 / 912 120 7836 (mobile)
Fax : (98 21) 8825 5649
SENIOR COMPANY
PERSONNEL
Name Position
1. Eng Ahmad Jalili
Tanha Chairman/Managing Director
3. Mrs Afsar
Samanian Director
4. Nasim Jalali
Tanha Director
4. Reza Jalili Commercial Manager
Total Employees
170
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
: RIALS 100,000,000
Trade risk assessment :
Normal
PRINCIPAL BANKERS
NAME :
BANK SADERAT IRAN
Branch :
43 Somayeh Avenue
PO Box :
15745-631
Town :
Tehran
Telephone : (98 21) 836091
Fax :
(98 21) 8883 9539
SWIFT :
BSIR IR TH
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject
interviewed offered the following information :
Sales Turnover :
RIALS 50,000,000,000 - 2006 - approx
Net Profit : not given
LEGAL STATUS AND
HISTORY
Date Started : 1987
C.R. No. : 51562 / 686
Paid up Capital : RIALS 250,000,000
Sherkat Sahami Khass (private
joint stock company) with the following shareholders :
Shares
1. Eng Ahmad Jalili
Tanha 92%
2. Mrs Afsar
Samanian 4%
3. Ms Nasim Jalili
Tanha 4%
ACTIVITIES
The Company is involved
in the following activities :
Manufacturers of leaf
springs (including parabolic springs) for autos and railway industries
Production Capacity :
4,000 tonnes per year
Importers of machinery
spare parts.
Imports from Turkey, Germany,
Japan and Spain.
Overseas Supplier :
Proll & Lohmann
Maschinen und Anlagen GmbH, Hagen, Germany
FACILITIES
The Company has the
following facilities :
500 square metre owned
offices at the heading address and 17,500 square metre owned factory in Saveh.
BRANCH OFFICES
10, Azadi Avenue
Kaveh Industrial Town
39100 Saveh
Telephone: 255 234 2112-3
Fax : 255 234 2114
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%)