MIRA
INFORM REPORT
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Report Date : |
24.12.2008 |
IDENTIFICATION DETAILS
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Name : |
NOOR ISTA PLASTIC |
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Registered Office : |
3rd Floor, No. 3, Ahmadian |
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Country : |
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Year of Establishment : |
1998 |
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Com. Reg. No.: |
139146 |
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Legal Form : |
Public Joint
Stock Company |
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Line of Business : |
Manufacture of Composite Plastics for the
Automotive Industry. |
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: Noor Ista Plastic Co
Also Trade as: NIPCO
Headquarter Address: 3rd
Floor, No. 3, Ahmadian
Postal Address: P O
Tel: +98 21 88707095
+98 21 8877094
Fax:
+98 21 33974218
Website: www.nipcomposite.com
E-mail: info@nipcomposite.com
History:
Previous Legal
Form: Private Joint Stock Company
Date of Change:
2005
Registration
& Legal Details
Current Legal Form: Public Joint Stock Company
Registration Address: 3rd Floor, No. 3,
Ahmadian
Registration Number: 139146
Registration Date: 1998
Start Date: 1998
Capital
Currency: Iranian Rials
Nominal capital: 100,000,000,000.00
Share Number: 100,000,000
Share Value: 1,000.00 Iranian Rials
Shareholders
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Shareholder Names |
Share% |
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Tadbir Nikan Investment Company |
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Ahdafe Nikan
Foundation |
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Vesale Gheshm |
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Pishtaz
Electronic Technology |
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Mr. Hussein
Akhavan |
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Local Investors |
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Principals
Name:
Mr. Hamid Jalili
Position within the
company: Vice-chairman
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi
Name:
Mr. Ebrahim Mobahat
Position within the
company:
Managing Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi
Name:
Mr. Ali Akbar Zahmatkesh
Position within the
company:
Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi
Name:
Mr. Akbar Ghamkhar
Position within the
company:
Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi
Name:
Mr. Hussien Akhavan
Position within the
company:
Chairman
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi
Company
Activities
Manufacture of composite plastics for the
automotive industry.
Member of Society of Iranian Industries &
Mines.
Branches:
2 Phase, Aboureyhan,
Tel: +98 262 2774055
Fax: +98 262 2773506
Premise: Owned- Factory
1st Flr.,No.6,Corner of the
15167
Phone : +98 21 88884536
Phone : +98 21 88885236
Fax : +98 21 88773866
Premise: Owned-Office
Employees
Company Employs: 68
HQ Premises
Operates from: Rented Office
Location: Central Business Area
Imports
Imports: Finished
Goods
Import%: 10%
Import from:
Import terms: letters of credit
Additional: balance of 90% purchased via local
market
Export
The subject doesn't have any export.
Trading
& Selling
Territory: 100 %
Nationality
Type of Customer: General Public, Local
Authorities
Terms of sales: Cash, letters
of credit
Vehicles: Total number of vehicles: 8
Related
Companies
Subject dose not have related company.
Banks
Bank Tejarat
Gharam Main
A/C 198434337
Financial
Information
Source: Mrs. Soraya
Najvaei – Office Manager
Figures are Estimates
Currency: Iranian Rials
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Months |
Date of Figures |
Sales |
Gross |
Net |
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12 |
29/03/2007 |
40,700,000,000 |
12,030,000,000 |
8,006,000,000 |
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12 |
29/03/2006 |
39,350,000,000 |
11,500,000,000 |
7,640,000,000 |
Payments
Subject's payments reported to be: NO COMPLAINTS
Auditor: Auditing Foundation
Solicitor: Mr. Mohammad Ali Radman
interview
& reporter comments
Name/Title: Mrs. Soraya Najvaei – Office Manager
In the interview conducted with Mrs. Soraya Najvaei –
Office Manager she declined
full 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
Owner/Shareholders Comments:
All
of owners involved in the running of the business
Age of Business: Old Business
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.99 |
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1 |
Rs.72.49 |
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Euro |
1 |
Rs.68.44 |
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%)