MIRA INFORM REPORT

 

 

Report Date :

21.09.2007

 

IDENTIFICATION DETAILS

 

Name :

Arya Pak Mobadel Company                           

 

 

Registered Office :

No. 89, Dadman Blvd, Shahrak-e-Gharb Area, Tehran 

 

 

Country :

Iran

 

 

Date of Incorporation :

1999

 

 

Com. Reg. No.:

236017

 

 

Legal Form :

Private Joint Stock Company

 

 

Line of Business :

Manufacture of exhaust pollution control products for internal combustion engines, catalytic converters and mufflers of gasoline, diesel, LPG and CNG engines.

 

 

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

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 


Company Details

 

Company Name:            Arya Pak Mobadel Company

Headquarter Address:     No.89, Dadman Blvd, Shahrak-e-Gharb Area

                                   Tehran 

                                   Iran

Telephone:                   +98 21 88075559

                                   +98 21 88070418

                                   +98 261 4711246

Fax:                              +98 21 88078102

                                   +98 261 4713848

Website:                                   www.aryapak.com         

E-mail:                                      info@aryapak.com

 

 

Registration & Legal Details

 

Current Legal Form:       Private Joint Stock Company

Registration Address:     No.89, Dadman Blvd, Shahrak-e-Gharb Area

                                   Tehran 

                                   Iran

Registration Number:      236017

Registration Date:          1999

Year Established:         1999

Registration Town:         Tehran

 

Company was originally started as Limited Liability Company in 1999 and it changed to private joint stock company in 2004.

 

The previous name of company was  Arya Pak Saz Exoz.and it changed to Arya Pak Mobadel in 2004.

 

 

Capital 

 

Currency:                                  Iranian Rials

Nominal capital:             20,000,000

 

Share Number:             2000

Value of Share:             1000 Iranian Rials                                    

 

 

Shareholders

 

Shareholder Names                                            % Voting/Non-voting Capital

 

Mr. Ali Reza Goldar                                            30

Mr. Mohamad Ali Kaviani                                    30

Mr. Reza Pazoukian                                           20

Mr. Mehdi Goldar                                               10

Mr. Naser Pazoukian                                          10

 

 

Principals

 

Name:                                                   Mr. Ali Reza Goldar

Position within the company:     Chairman

Country of Birth:                        Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                   Mr. Mohamad Ali Kaviani

Position within the company:     Managing Director

Country of Birth:                        Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                   Mr. Reza Pazoukian             

Position within the company:     Vice-Chairman

Country of Birth:                        Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                   Mr. Mehdi Goldar

Position within the company:     Member

Country of Birth:                        Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                   Mr. Naser Pazoukian

Position within the company:      Member

Country of Birth:                        Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

 

Company Activities

 

Manufacture of exhaust pollution control products for internal combustion engines. catalytic converters and mufflers of gasoline, diesel, LPG and CNG engines

 

Local Reporters consider the investigated company to be Medium  in their  field of concern.

 

 

Employees 

         

Company Employs: 28

 

 

HQ Premises

 

Operates from:               Owned Office, Factory, Warehouse

Location:                                   Central Business Area, Main Road

 

Branch:                         Arya Pak Mobadel Factory

                                   Caspian Industrial City, Tehran Qazvin Highway

                                   Qazvin

                                   Iran

 

                                  

Imports

         

Import%:           %15 Finished Good 

Import from:       China, Europe,

Import terms:     letters of credit

Additional:         balance of 85% purchased via local market

 

 

Export

 

Subject dose not Export.

 

 

Trading & Selling

 

Territory:                      100% Nationally  

Type of Customer:          Local Authorities, Group Companies

Terms of sales:             Cash, Check

Vehicles:                                   Total number of vehicles: 14

 

 

Related Companies

 

Subject Dose not any related company.

 

 

Banks

 

Deutsche Bank AG

Bad Humburg, Va Hoehe

Germany

 

 

Financial Information

 

Source:             Ms. Sahar Saremi(Secretary)

Currency:          Iranian Rial

Note:                Figures in 000,000

 

Months

Sales figures

Sales

12

29/03/2006

16000

12

29/03/2005

13800

12

29/03/2004

10100

 

 

 

Payments       

 

Subject's payments reported to be : NO COMPLAINTS

 

 

Committee

 

Solicitor:   Mr. Morteza Shah Beig

Audit:       Mr. Mostafa Hoshyar Bosejin

 

 

Interview

 

Name/Title:        Ms. Sahar Saremi (Secretary)

Comment:         Subject has confirmed the general details shown the report.

 

 

Comment

 

In the interview conducted with Ms. Sahar Saremi (Secretary),she Declined full financial information and bank account numbers citing the grounds of company confidentiality.

 

Note:

 

The address you provided is a previous address of factory.

 

No. 21, Robat Mashin Ave, Bahraestan Karaj, Tehran.

 

 

Conclusions

 

Accounts are Brief Accounts: Only Sales brief data received

 

Local Reputation: The company being investigated is considered by local reporters to be a Medium Trade Risk and FAIR.

 

 

Owner/Shareholders Comments

 

All owners involved in the running of the business

 

Age of Business: Old Business

 


 

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.

 

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