MIRA
INFORM REPORT
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Report Date : |
09.05.2007 |
IDENTIFICATION DETAILS
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Name : |
PARS NICKEL CO |
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Registered Office : |
No. 15, Chaman Alley., 5th Alley., Khajeh Abdollah Ansari Street, Shariati Ave, Tehran |
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Country : |
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Date of Incorporation : |
1989 |
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Com. Reg. No.: |
24023 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufactures and Importers and distributors of all kinds of Phosphates
and detergents, cleansers, bleaching and
commercial chemical 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 100,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
PARS NICKEL CO
ADDRESS
Street : No. 15, Chaman Alley., 5th Alley.,
Area :
Town :
Country :
Telephone :
(98 21) 2284 1025
Fax : (98 21) 2284 6805
SENIOR COMPANY
PERSONNEL
Name Position
1. Herayar Sardarian Managing Director
2. Rahmatolah Hamidi General
Manager
3. Aghajanian Varooj Director
Total Employees
35
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 in wives of the lack
of financial information international supplier may wish to exercise a measure
of caution where larger or protracted envisaged.
Opinion on maximum credit
: RIAL 100,000,000 (due attention will be given to the above remarks)
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
BANK SEPAH
Branch :
Sayed Khandan Branch
Address :
PO Box :
15436
Town :
Telephone : (98 21) 3311 1271
Fax :
(98 21) 3311 9471
FINANCIAL INFORMATION
Under Iranian Company Law
companies are not required to publish or disclose balance sheets and the
subject interviewed declined to give any financial information, which the
company regards as strictly
confidential.
LEGAL STATUS AND
HISTORY
Date Started : 1989
C.R. No. : 24023
Paid up Capital : RIAL
200,000,000
Sherkat Sahami Khass
(private joint stock company) with the following shareholders :
1. Herayar Sardarian
2. Rahmatolah Hamidi
3. Aghajanian Varooj
Affiliated companies of
Pars Nickel Co :
Associates
Iran Galvano Technic Co.
Ltd
No. 15, Chaman Alley.,
5th Alley.,
Telephone: (98 21) 2284 5274
Fax :
(98 21) 2285 0537
ACTIVITIES
The Company is involved in
the following activities :
Manufactures and
Importers and distributors of all kinds of Phosphates and detergents,
cleansers, bleaching and commercial
chemical products.
Imports from Asian and
European countries.
FACILITIES
The Company has the following
facilities :
Owned office premises
located at the heading address as well as a factory with warehousing facilities
located elsewhere in
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%)