MIRA
INFORM REPORT
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Report Date : |
14.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
Arak Agricultural Implements Company |
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Registered Office : |
Km.3rd of Qom Rd., 38100 Arak |
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Country : |
Iran |
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Date of Incorporation : |
1972 |
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Com. Reg. No.: |
2816 |
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Legal Form : |
Private Joint
Stock Company |
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Line of Business : |
Manufacturing kinds of Agricultural
Implements and Agricultural equipment; parts and accessories |
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: Arak
Agricultural Implements Company
Trade Name: TAKA
Headquarter Address: 8th Floor, No.81,
Corner of Modarres Bilg., 7 Tir Sq
15898 Tehran
Iran
P. O. Box: 38135-814
Arak
Tel: +98
21 88827553
+98 21 88841528
+98 861 3134656
+
98 861 3134657
+ 98 861 3134658
+ 98 861 3134659
Fax: +98
21 88827553
+98 861 3134655
Website:
www.taka.co.ir
E-mail: info@taka.co.ir
Company was originally started on 1972
registration & legal details
Current Legal Form: Private Joint Stock Company
Registration
Address: Km.3rd of Qom Rd.
38100
Arak
Iran
Registration Number: 2816
Registration Date: 1972
Year Established: 1972
Registration Town: Arak
capital
Currency:
Iranian Rials
Nominal capital: 9,279,000,000
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Number of Shares: 927,900 |
Type of Shares: None Selected |
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Issued Shares: - |
Value per share: IRI 10,000.00 |
shareholders
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Shareholder Names/ Address |
% of Voting/Non-Voting Capital |
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Sazman Gostaresh Sanaye Iran(IDRO) Tehran Iran |
%49 |
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Sazman Modiriyat
Sanati Tehran Iran |
%12 |
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Markaz Gostaresh
Fanavari Etelaat Tehran Iran |
%14 |
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Sakhteman va
Khadamat Nosaz Company Tehran Iran |
%15 |
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Bongah Tosea
Mashinalat Keshavarzi Tehran Iran |
%10 |
principals
Name: Mr. Seyed Hossien Tayebi
Position within the company: Managing director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Abdolhamid Kazemi Sabzevar
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Seyed Hadi Seyed
Position within the company: Vice
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Seyed Asadollah Dezfouli
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Name: Mr. Mojtaba Fatahi
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
company
activities
Manufacturing kinds of Agricultural Implements
and Agricultural equipment; parts and accessories
Local Reporters consider the investigated company to be
Large their field of concern.
employees
Company Employs: 120
hq premises
Operates from: Owned Offices, Warehouses,
Factory
Location: Central Business Area, Main Road
imports
Imports: Finished
Goods
Import%:
20%
Import from: Europe
Import terms: letters
of credit
Additional: balance
of 80% purchased via local market
export
Exports:
Finished Goods
Export%:
20%
Export from: Iraq,
Afghanistan, CIS
Export terms:
letters of credit
trading
& selling
Territory: 80%
National, 20 % Internationally
Type of Customer: General Public,
Local Authorities
Terms of sales: Cash, letters of
credit
Vehicles: Total number of vehicles: 38
related companies
Affiliates:
IDRO
No.2, Next to Jam-e-Jam, Vali-e-Asr Ave
Tel: + 98 21 22044101-9
Fax : +98 21 22040010
Tehran 19999 15511
Iran
banks
Bank Melli
Tehran
Iran
Bank Sepah
Tehran
Iran
Bank Keshavarzi
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.
Mehri Afshar(Secretary)
In the interview conducted with Ms. Mehri Afshar (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 Medium
Trade 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: 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%)