MIRA
INFORM REPORT
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Report Date : |
22.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
LOGHMAN PHARMACEUTICAL & HYGIENIC CO. |
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Registered Office : |
8th Km Karaj Special Road,
Tehran |
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Country : |
Iran |
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Date of Incorporation : |
1968 |
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Com. Reg. No.: |
12461 |
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Legal Form : |
Public Joint Stock Company |
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Line of Business : |
Specialties diversified range of Antibiotics, Tranquilizers, Anti-inflammatory
and non-steroid and Anti-acid medicines together with 5 Hygienic such as
Liquid detergent, Family shampoo, baby shampoo & Tooth paste. |
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
Reference No: 46995
Company Name: Loghman
Pharmaceutical & Hygienic Co.
Headquarter Address: 8th Km
Karaj Special Road
Tehran
Iran
Tel: +98 21 44504121
+98
21 44504122
+98
21 44504123
+98
21 44504124
+98 21 44504125
Fax: +98 21 44504755
Website: www.loghman-med.com
E-mail: info@loghman-med.com
History
Loghman.co was
founded at a time when its name was I.D.I in 1968.. Then name is changed to
I.D.I familine. loghman has grown from a small drug laboratory into one of the
biggest company, After Islamic revolution , , loghman has created a wide broad
spectrum of antibiotics so since 1979 its name is changed to loghman.
Registration
& Legal Details
Current Legal Form: Public Joint Stock Company
Registration Address: 8th Km Karaj Special Road
Tehran
Iran
Registration Number: 12461
Registration Date: 1968
Year Established: 1968
Registration Town: Tehran
Capital
Currency: Iranian Rials
Nominal capital: 75,000,000,000
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Number of Shares: 75,000,000 |
Type of Shares: None Selected |
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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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Jame Imam Sadegh Foundation Tehran Iran |
%32 |
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Others Iran |
%48 |
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Taher Iran
Company Tehran Iran |
%20 |
Principals
Name: Mr. Mohamad Hossien Khademi
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Mohamad Ali Navid
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Alireza Zohrevand
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Alimohamad Haji
Alinaghi
Position within the company: Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Name: Mr. Mohamad Hossien Modares
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Company
Activities
Loghman is producing more than 30 different Specialties diversified
range of Antibiotics, Tranquilizers, Anti-inflammatory and non-steroid and Anti-acid
medicines together with 5 Hygienic such as Liquid detergent, Family shampoo,
baby shampoo & Tooth paste.
Local Reporters consider the investigated company to be
Large their field of concern.
Operations
Employees
Company Employs:
300
HQ Premises
Operates from: Owned Offices, Warehouses,
Factory
Location: Central Business Area, Main Road
Imports
Imports: Raw Material
Import%: 30%
Import from: Europe
Import terms: letters of credit
Additional: balance of 70%
purchased via local market
Export
Exports: Finished Goods
Export%: 30%
Export from: Europe, Iraq,
Afghanistan, CIS, Africa, Yemen
Export terms: letters of credit
Trading
& Selling
Territory: 70% National, 30
% Internationally
Type of Customer: General Public, Local Authorities
Terms of sales: Cash, letters of credit
Vehicles: Total number of vehicles: 38
Related
Companies
Subject dose not have any related company.
Banks
Bank Tejarat
Tehran
Iran
Financial
Information
Source: Ms. Fatemi (Secretary)
Currency: Iranian Rials -
000,000
|
Months |
Date |
Sales |
Gross
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Net |
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12 |
29/03/2007 |
154721 |
54215 |
36525 |
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12 |
29/03/2006 |
163388 |
47820 |
25567 |
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12 |
29/03/2005 |
136841 |
42933 |
21731 |
BALANCE SHEET
Source: Financial Estimates
on 29/03/2006
Currency: Iranian Rials
Note: Figures in 000,000
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NEW WORTH |
40238 |
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Trade Creditor |
38000 |
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Total Liabilities |
80074 |
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Trade Debtors |
49000 |
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Total Assets |
109312 |
Payments
Subject's payments reported to be: NO COMPLAINTS
interview
& reporter comments
Name/Title: Ms. Fatemi (Secretary)
In the interview conducted with Ms. Fatemi (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%)