MIRA
INFORM REPORT
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Report Date : |
04.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
PARS ELECTRICAL INSULATION CO |
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Registered Office : |
Unit 304, 3rd Floor, Daryaye Noor bldg., Beheshti Ave,
Tehran |
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Country : |
Iran |
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Date of Incorporation : |
2004 |
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Com. Reg. No.: |
5667 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufacturing kinds of Electrical Insulation |
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 : |
Usually Correct |
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Litigation : |
Clear |
Company Details
Company Name: Pars Electrical Insulation Co
Headquarter Address: Unit 304, 3rd Floor, Daryaye Noor
Bldg, Beheshti Ave
Tehran
Iran
Tel: +98 241 2221483
+98 241 5237838
Fax: +98 241 2221063
Website: -
E-mail: Mostafa_mortazavi@iran-transfo.com
Company was originally started on
2004
Registration &
Legal Details
Current Legal Form: Privet Joint Stock Company
Registration
Address: Phase 3, No.1 Industrial City
Zanjan
Iran
Registration Number: 5667
Registration Date: 2004
Year Established: 2004
Registration Town: Zanjan
Capital
Currency: Iranian
Rials
Nominal capital: 75,000,000,000
Number of Shares:
75,000,000
Type of Shares: None Selected
Issued Shares: -
Value per share: IRI 1,000.00
Shareholders
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Shareholder Names/
Address |
% of Voting/Non-Voting
Capital |
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Iran Transfo Company Tehran Iran |
%49 |
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Kooshkan Transformation Company Tehran Iran |
%18 |
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Others Iran |
%18 |
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Iran Transfori Company Tehran Iran |
%15 |
Principals
Name: Mr. Mostafa Mortazavi
Position within the company: Managing director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Mohamad Kabiri Isfahani
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Seyed Javad Seyedi Kamjani
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Saeid Taghiloo
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Karim Miralijani
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Company Activities
Manufacturing kinds
of Electrical Insulation
Local Reporters consider the investigated company to be
Medium their field of concern.
Operations
Employees
Company Employs: 70
HQ Premises
Operates from: Owned Office,
Warehouse, Factory
Location: Central
Business Area, Main Road
Imports
Imports: Finished Goods
Import%: 15%
Import from: Europe
Import terms: letters of credit
Additional: balance of 85% purchased via local market
Export
Exports :
Finished
Good
Export% : 20%
Export from : Syria, CIS
Export terms : letters of credit
Trading & Selling
Territory : 80% National, 20 %
Internationally
Type of Customer
: Group
Companies, Local Authorities
Terms of sales
: Cash, letters of credit
Vehicles
: Total number of vehicles: 20
Related Companies
Affiliates:
Iran Transfo
Company
4th Km
Zanjan Tehran Road
Zanjan
Iran
Tel: 98 241 7290760-6
Fax: 98 241 7290536
www.iran-transfo.com
info@iran-transfo.com
Banks
v
Bank Melli
Tehran
Iran
v
Bank Saderat
Tehran
Iran
Financial Information
Information on financial is not available
Payments
Subject's payments reported to be: NO COMPLAINTS
Reporter comments
Date: 03/02/2008
Name/Title: Ms. Nazemi (Secretary)
In the interview conducted with Ms. Kazemi
(Secretary), She
declined bank account numbers citing the grounds of Company
confidentiality.
Conclusion
Local Reputation: The company being investigated is considered by local reporters to be a MediumTrade Risk.
General Conclusion:
Local informants consider granting of credit to be a fair trade risk.
Owner/Shareholders Comments:
Some of owners involved in the running of the business
Age of Business: Under 5 years
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%)