MIRA
INFORM REPORT
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Report Date : |
17.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
SANAYEI TEXTILE CENTER LLC |
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Registered Office : |
No.12, Esfahan Industry Area, Esfahan |
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Country : |
Iran |
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Year of Establishment : |
1898 |
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Com. Reg. No.: |
84-06 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Supplier of textiles and garments for men. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Details
Company Name: Sanayei Textile
Center LLC
Headquarter
Address: No 13 Vozara
15136335 Tehran Iran
Post Code: 1513633513
Tel: +98 21 88719269
Fax: +98 2188701343
Website: www.sanayei.ir
E-mail: info@sanayei.ir
Registration
& Legal Details
Current Legal Form: Limited Liability Company
Registration Address: No.12, Esfahan
Industry Area,
Esfahan, Iran
Registration Number: 84-06
Registration Date: 1900
Start Date: 1898
Registration Town: Esfahan
Capital
Currency: Iranian Rials
Nominal capital: 300,000,000.00
Shareholders
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Shareholder Names |
Share% |
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Sanayei Family |
100% |
Principals
Name: Mr. Afshin Sanayei
Position within the company: Member, Commercial Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Khosrow Sanayei
Position within the company: CEO
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr.
Babak Sanayei
Position within the company: Member, Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Name: Mr. Naser Saadat
Position within the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Company
Activities
Operations
Supplier of textiles and garments for men.
Employees
Company Employs: 23
HQ Premises
Operates from: Owned Office, Shop
Location: Central Business Area, Main Road
Imports
Imports: Finished Goods
Import%: 70%
Import from: Europe, India, China
Import terms: letters of credit
Additional: balance of 30% purchased via
local market
Export
Exports: Finished Good
Export%: 5 %
Export from: Iraq, Afghanistan, CIS countries
Export terms: letters of credit
Trading
& Selling
Territory: 95 %
Nationality –5% Internationally
Type of Customer: General Public, Local
Authorities
Terms of sales: Cash, letters of credit
Vehicles: Total number of vehicles:6
Related
Companies
Subject dose not have related company.
Banks
Pasargad Bank
Tehran, Iran
Financial
Information
The subject declined financial information
Payments
Subject's payments reported to be: NO COMPLAINTS
interview
& reporter comments
Name/Title: Mr. Naser Saadat -Director
In the interview conducted with Mr. Naser Saadat, he declined
bank account numbers and financial
information citing the grounds of Company confidentiality.
Conclusion
Local Reputation: The company being investigated is considered by local reporters to be a
Medium Trade Risk
and to be fair, the company is known on Iran market.
Owner/Shareholders Comments:
Some of owners involved in the running of
the business
Age of Business: Old Family
Business
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.33 |
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UK Pound |
1 |
Rs.73.92 |
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Euro |
1 |
Rs.66.69 |
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%)