MIRA INFORM REPORT

 

 

Report Date :

19.05.2007

 

IDENTIFICATION DETAILS

 

Name :

GOLMORADY TRADING LTD CO

 

 

Registered Office :

No 609 4th Floor, Amir Passage, South Saddy Ace, Tehran

 

 

Country :

Iran

 

 

Date of Incorporation :

1995

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Importers and distributors of agricultural products and machinery.

 

 

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 250,000,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

COmpany NAME

 

GOLMORADY TRADING LTD CO (Correct)

 

GOLMARDY TRADING CO (Requested)

 

 

ADDRESS

 

Street                           :  No 609 4th Floor, Amir Passage

Area                             :  South Saddy Ace

Town                 :  Tehran

Country             :  Iran

Telephone         :  (98 21) 3393 1173 / 912 157 3488 (mobile)

Fax                   :  (98 21) 3393 1174

E-Mail               :  golmorady@parsonline.net

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                     Position

 

1. Ismail Golmardi                      Managing Director

 

2. Kamran Bemanpour                General Manager

 

3. Mr Sahandi                            Sales Manager

 

 

Total Employees

 

12

 

 

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 : RIAL 250,000,000

 

Trade risk assessment : Normal

 

 

PRINCIPAL BANKERS

 

NAME               : BANK SEPAH IRAN

Branch              :  Amir Kabir Branch

Town                 : Tehran

Telephone         : (98 21) 6677 3761

Fax                   : (98 21) 6674 3282 

 

The company also has an account with Kar Afarin bank.

 

 

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 30,000,000,000 - 2006 - exact

                   

Net Profit          : not given

 

 

LEGAL STATUS AND HISTORY

 

Date Started : 1995

 

Paid up Capital : RIAL 10,000,000

 

Sherkat Massouliate Mahdoud (limited liability company) with the following shareholders :

 

1. Ismail Golmardi           

 

2. Kamran Bemanpour

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Importers and distributors of agricultural products and machinery.

 

Imports from Asian and European countries.

 

 

FACILITIES

 

The Company has the following facilities :

 

Owned off premises of 100 sq/meter located at the heading address as well as rented warehouse facilities located elsewhere in Tehran.

 

 

SPECIAL NOTE

 

You enquired on : Golmardy Trading Co. Please note the correct name is as per heading.

 

 

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