MIRA INFORM REPORT

 

 

Report Date :

24.01.2008

 

IDENTIFICATION DETAILS

 

Name :

ZAKARIA TABRIZ PHARMACEUTICAL AND CHEMICAL COMPANY

 

 

Registered Office :

No.17, 2nd Floor, Shojaie St., Valy-e Asr Ave., Tehran

 

 

Country :

Iran

 

 

Date of Incorporation :

1990

 

 

Com. Reg. No.:

4787

 

 

Legal Form :

Private Joint Stock Company

 

 

Line of Business :

Production of Antibiotic raw materials consisting of oral and parental as well as manufacturer of sterile finished products such as antibiotics vials for injection, antibiotics hard gelatin capsules and varieties of soft gelatin capsules.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

           

COMPANY DETAILS

 

Company Name             :            Zakaria Tabriz Pharmaceutical & Chemical Co.

 

 

Headquarter Address                  :           No.17, 2nd floor, Shojaie St., Valy-e Asr Ave.,

                                                            Tehran, Iran

 

 

P. O. Box                                  :            13185 1739

 

 

Tel                                            :             +98 21 88713763

                                                             +98 21 88713254

                                                             +98 21 88718482

                                                             +98 411 6372215

                                                             +98 411 6372216

                                                 +98 411 6372217

                                          

Fax                                           :              +98 21 88712345

                                                              +98 411 6372218

                                         

Website                                    :              www.zakariapharm.com

 

 

E-mail                                       :              office@zakariapharm.com

 

 

 

REGISTRATION AND LEGAL DETAILS           

 

 

Current Legal Form                    :              Privet Joint Stock Company 

 

Registration Address                  :              Behind Ghezeljeh Meidan Forest-keeping,12th     

                                                                          Km. of Tabriz-Tehran Rd., Tabriz, Iran

 

Registration Number                   :                 4787

 

Registration Date                       :                 1990

 

Year Established                       :                 1990

 

Registration Town                      :                 Tabriz

 

 

CAPITAL

 

Currency                                   :             Iranian Rials

 

Nominal capital                          :             229,000,000,000

 

 

 

Number of Shares                                   229,000,000

 

Type of Shares                           :             None Selected

 

Issued Shares: -Value per share:             IRI 1,000.00

           

 

 

SHAREHOLDERS

 

Information on shareholder is not available

 

 

PRINCIPALS

 

Name                                        :             Mr. Allahverdi Imani

Position within the company       :             Member

Country of Birth                          :             Iran

Nationality                                 :             Iranian

Can fluently speak                     :             Farsi- English

 

 

Name                                        :               Mr. Mohamad Nour Mohamadi

Position within the company       :               Member

Country of Birth                          :               Iran

Nationality                                 :               Iranian

Can fluently speak                     :               Farsi, English

 

 

Name                                        :               Mr. Habib Ramezanzadeh

Position within the company       :               Managing Director

Country of Birth                          :               Iran

Nationality                                 :               Iranian

Can fluently speak                     :               Farsi, English

ramezanzadeh@zakariapharm.com

 

 

Name                                        :                 Mr. Reza Jalai Milani

Position within the company       :                Quality Assurance vice president

Country of Birth                          :                 Iran

Nationality                                 :                 Iranian

Can fluently speak                     :                 Farsi, English

milani@zakariapharm.com

 

 

Name                                        :               Mr. Seyamak Jasouri

Position within the company       :               R&D Manager

Country of Birth                          :               Iran

Nationality                                 :               Iranian

Can fluently speak                     :               Farsi- English

jasouri@zakariapharm.com

 

 

COMPANY ACTIVITIES

 

Production of                             :           Antibiotic raw materials consisting of oral and parental, as well as 

                         manufacturer of sterile finished products such as antibiotics vials for  

injection, antibiotics hard gelatin capsules and varieties of soft gelatin capsules.

 

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

 

OPERATIONS

 

 

EMPLOYEE

                                    

Company Employs                     :                  600

 

 

HQ PREMISES

 

  Operates from                          :           Owned Offices, Warehouses, Factory

 

   Premises                               :           300000 Sqm

 

   Location                                 :             Central Business Area, Main Road

 

 

   Branch                                   :           Zakaria Factory

Behind Ghezeljeh Meidan Forest-keeping,12th     

Km. of Tabriz-Tehran Rd.

Tabriz, Iran

 

 

IMPORTS

        

Imports                                     :            Raw Material

 

Import%                                    :            20%

 

Import from                                :           Europe, China, Japan

 

Import terms                              :           letters of credit

 

Additional                                  :           balance of 80% purchased via local market

 

 

EXPORT

    

Exports                                     :             Finished Goods

 

Export%                                    :             35%

 

Export to                                   :             Pakistan, Russia, Germany, CIS, Afghanistan

 

Export terms                             :           letters of credit

 

 

 

TRADING AND SELLING

 

Territory                                    :              65% Nationality, 35 % Internationally

 

Type of Customer                       :              General Public, Local Authorities

 

Terms of sales                           :              Cash, letters of credit

 

Vehicles                                    :             Total number of vehicles: 80

 

 

 

RELATED COMPANIES

 

Subject dose not have related company

 

 

BANKS

 

Ø       Bank Saderat,Tehran, Iran

Ø       Bank Melli,Tehran, Iran

 

 

FINANCIAL INFORMATION

 

Source                                      :          Mr. Hasani (Director)  

Currency                                   :          Iranian Rials - 000,000

 

 

 

Months

 

 

Date

 

Sales

 

Gross 

 

Net

 

12

 

29/03/2007

 

  965000

 

 

 

12

 

29/03/2006

  815000

 

 

12

29/03/2005

  736000

 

 


 

PAYMENTS

 

Subject's payments reported to be :         NO COMPLAINTS

 

 

INTERVIEW AND REPORTER COMMENTS

 

Name/Title                                     :         Mr. Hasani (Director)

 

In the interview conducted with Mr. Hasani (Director), he declined bank account numbers and 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.

 

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

 

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/normal.

 

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