MIRA INFORM REPORT

 

 

Report Date :

09.02.2008

 

IDENTIFICATION DETAILS

 

Name :

GOLCHIN NAVID FARS CO LTD

 

 

Registered Office :

No. 2, 2nd Floor, Tehranvilatamesh Building, Raeeisi St, Shiraz

 

 

Country :

Iran

 

 

Date of Incorporation :

2000

 

 

Com. Reg. No.:

14557

 

 

Legal Form :

Limited Liability Company  

 

 

Line of Business :

Supplier and Importer of All Kind of Products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 


 

Company Details

 

Company Name:            Golchin Navid Fars Co Ltd

Address:                       Unit 8, No.68, Zarea St, Azadi Ave

                                                Tehran

                                                Iran

Telephone:                   +98 21 66513382

Fax:                               +98 21 66508434

Website:                       

E-mail:                         golchin_navidfars@yahoo.com

 

Company was originally started on 2000

 

 

Registration & Legal Details

 

Current Legal Form:                Limited Liability Company  

 

Registration Address:               No. 2, 2nd Floor, Tehranvilatamesh Building, Raeeisi St

                                              Shiraz

                                               Iran

Start Date:                                2000                                                

Registration Number:               14557

 

Registration Date:                    2000

Registration Town:                   Shiraz

 

 

Capital

 

Currency:                                     Iranian Rials

Nominal capital:                           601,000,000.00

 

Number of Shares: 601

Type of Shares:  None Selected

Issued Shares: 

Value per share: IRI 1,000,000.00

                      

 

Shareholders

 

Shareholder Names/ Address

 

% of Voting/Non-Voting Capital

 

Mr. Abdollah Khajehpour

Tehran

Iran

 

%98

Mr. Behzad Bonakdar

Tehran

Iran

%1

Mr. Kamran Raeisi

Tehran

Iran

%1

 

 

Principals

 

Name:                                                  Mr. Abdollah Khajehpour

Position within the company:              Managing Director

Country of Birth:                                  Iran

Nationality:                                          Iranian

Can fluently speak:                              Farsi- English

 

 

Name:                                                  Mr. Behzad Bonakdar

Position within the company:              Vice Chairman

Country of Birth:                                  Iran

Nationality:                                          Iranian

Can fluently speak:                              Farsi- English

 

 

Name:                                                  Mr. Kamran Raeisi

Position within the company:              Member

Country of Birth:                                  Iran

Nationality:                                          Iranian

Can fluently speak:                              Farsi- English

 

 

Company Activities

 

Supplier and Importer of All Kind of Products

 

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

 

 

Operations

 

 

Employees 

 

 Company Employs:       12

 

 

HQ Premises

 

Operates from:    Owned: Office, Warehouse,

Location:              Central Business Area, Main Road

 

 

Branches:

Mashad Office

Ardakanian Bldg, 17th Shahrivar St

Mashad

Iran

Branch: Rented

 

Boushehr Office

No.9, Vaziri Bldg, Hafez St

Boushehr

Iran

Branch: Rented

 

 

Imports

 

Imports:                       Finished Goods

Import%:                      %70

Import from:                 China, UAE, India

Import terms:               letters of credit

Additional:                   balance of 30% purchased via local market

 

 

Export

 

Subject dose not have Export.

 

 

Trading & Selling

 

Territory:                              100 % Nationally  

Type of Customer:               Group Companies, Local Authorities

Terms of sales:                    letters of credit

Vehicles:                              Total number of vehicles: 5

 

 

Related Companies

 

Subject dose not have any related company.

 

 

Banks

 

Bank Mellat

Tehran

Iran

 

 

Export Develop Bnak

Tehran

Iran

 

 

Financial Information


Information on Financial is not available.

 

 

 

Payments 

 

Subject's payments reported to be:     NO COMPLAINTS

 

 

interview & reporter comments       

 

Name/Title:                     Ms. A. Mortazavi (Secretary)

 

 

In the interview conducted with Ms. A. Mortazavi (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 

High Trade Risk.

 

 

Owner/Shareholders Comments:

Some of 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