MIRA
INFORM REPORT
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Report Date : |
21.09.2007 |
IDENTIFICATION DETAILS
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Name : |
Ahwaz Pipe Mills Company |
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Registered Office : |
No. 8, |
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Country : |
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Date of Incorporation : |
1967
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Com. Reg. No.: |
11254 |
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Legal Form : |
Public Joint Stock Co |
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Line of Business : |
Manufacturing steel pipes |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Details
Company Name: Ahwaz Pipe Mills Company
Address: No.8,
P O BOX: 15875-3385
Zip Code: 15146-38713
Telephone: +98 21 88736959
+98 611 2270222
+98 611 2270223
+98 611 2270224
+98 611 2270225
+98 611 2270226
Fax: +98 21 88733564
+98 611 2271859
Website: www.apm-ir.com
E-mail: info@apm-ir.com
Company was originally started on 1967
Registration &
Legal Details
Current Legal Form: Public Joint Stock Co
Registration Address: No.8,
Start Date: 1967
Registration Number: 11254
Registration Date: 1967
Capital
Currency: Iranian
Rials
Nominal capital: 700,000,000,000
Share Number:
700,000,000
Value of Ache Share:
1000
Shareholders
Shareholder Names %
of Voting/Non-Voting Capital
Social Security Investment Company 14
Civil Pension Fund Investment Company 15.5
Civil Pension Fund Organization 12.5
Oil Pension Fund Investment Company 46
Others 12
Principals
Name: Mr. Sh. Ghorbani
Position within the company: Commercial Director
Country of Birth:
Nationality: Iranian
Can fluently speak:
Farsi- English
E-mail: sh.ghirbani@apm-ir.com
Name: Mr. A. Aletayeb
Position within the company:
Financial Director
Country of Birth:
Nationality: Iranian
Can fluently speak:
Farsi- English
E-mail:
altayeb@apm-ir.com
Name:
Mr. Mohamad Taghi Soleymani
Ashtiani
Position within the company: Managing Director
Country of Birth:
Nationality: Iranian
Can fluently speak:
Farsi- English
E-mail: soleimani@apm-ir.com
Name:
Mr. A. Ghanavati
Position within the company: Product Director
Country of Birth:
Nationality: Iranian
Can fluently speak:
Farsi- English
E-mail: Ghanavati@apm-ir.com
Name: Mr. Amin. Shamsitabar
Position within the company: Engineering Director
Country of Birth:
Nationality: Iranian
Can fluently speak:
Farsi- English
E-mail: a.shamsitabar@apm-ir.com
Name: Mr. Ali Mansouri
Position within the company: Secretary
Country of Birth:
Nationality: Iranian
Can fluently speak:
Farsi
Company Activities
Manufacturing steel pipes by ERW method from 6 5/8" to 22" up
to thickness of 12.7mm according to API X60 acc. to API 5L
Manufacturing steel pipes by SAW method from 22" to 56" Up to thickness
of 25.4mm upto x70 acc.To API 5L.
Pipes and tubes, steel, electrically welded
Pipes and tubes, steel, thick wall
Pipes and tubes, ferrous, for water mains
Pipes and tubes, ferrous, for oil and gas mains
Pipes and tubes, steel, for gas, water and steam
Pipes and tubes, steel, for the oil industry
Local Reporters consider the investigated company to be Large in their
field of concern.
Employees
Company Employs:
1900
HQ Premises
Operates from:
Owned: Office, Warehouse (560000 Square Meter)
Factory (41000 Square Meter)
Location: Central Business Area,
Branches
Branch:
Karoon Industrial Area
Postal Code: 61766 43431
P. O. Box: 61755 1800
Tel: +98 611 2270222 – 7
Fax:+98 611 2271859
Imports
Imports : Finished Goods
Import%: %10
Import from:
Import terms: letters of credit
Additional: balance of 90%
purchased via local market
Export
Export to:
Export term: Letters of Credit
Export %: 15
Trading & Selling
Territory: 85 % Internationally 15% Internationally
Type of Customer: Group Companies
Terms of sales: letters of credit
Vehicles: Total number of vehicles: 350
Related Companies
The subject doesn't have any related companies.
Banks
Bank Saderat
Beheshti Branche
1280,
Financial Information
Source: Mr. A. Mansouri
(Secretary)
Currency: Iranian Rials - 000,000
Months Date Sales Net Gross
12 29/03/2006 1950000 1041970 904020
12 29/03/2005 1633000 909780 620080
12 29/03/2004 1368000 745810 508290
BALANCE SHEET
Source: Financial
Estimates on 29/03/2006
Currency: Iranian
Rials
Note: Figures in 000,000
NEW WORTH 750238
Trade Creditor 780000
Total Liabilities 1050074
Trade Debtors 890000
Total Assets 1690312
Payments
Subject's payments reported to be: COMPLAINTS
Source: Kar va Karegar Newspaper
Date: March 2005
Protests at non payment of wages: More than 100 workers from Loulesazi
Ahvaz gathered outside this factory in protest at delayed payment of their
wages.
Solicitor: Daya Rayan
Service Co
Auditors: Mr. Gholam
Hossien Davani
interview &
comments
Name/Title: Mr. Ali. Mansouri- Secretary
In the interview conducted With Mr. Ali. Mansouri
(Secretary), he declined bank account numbers citing the grounds
of company confidentiality.
Please be informed that the name of company which you provided is name
of company in Farsi Language, and we got the name of company in English
Language.
Conclusion
Local Reputation:
The company being investigated is considered by local reporters to be a Medium
TRADE Risk and Fair.
Owner/Shareholders Comments
Some of owners involved in the running of the business
Age of Business: Old Business
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. |
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%)