MIRA
INFORM REPORT
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Report Date : |
28.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
PARS VEGETABLE OIL COMPANY |
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Registered Office : |
No.483, Ghoo Bldg., Nofelloshato, Crossing,Hafez Ave, Tehran 11365 |
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Country : |
Iran |
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Date of Incorporation : |
1954 |
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Com. Reg. No.: |
4688 |
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Legal Form : |
Public Joint Stock Company |
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Line of Business : |
Producer of Vegetable Oil in different types of Solid & Liquid |
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: Pars Vegetable Oil
Company.
Headquarter Address: No.483, Ghoo Bldg., Nofelloshato
Crossing,Hafez
Ave.
Tehran 11365
Iran
Tel: +98 21 66701012
+98 21 66701013
+98 21 66701014
+98 21 55060170
+98 21 55060171
+98 21 55060172
Fax: +98 21 66708584
+98
21 55061341
Website: www.parsvegoil.com
E-mail: info@parsvegoil.com
History
Pars Vegetable Oil
Company was established in 1954 for producing all kinds of edible
vegetable oil and also other varieties of High quality products according to
international standards. Today continuous growth and progress has made
"pars vegetable oil Co."
Registration
& Legal Details
Current Legal Form: Public Joint Stock Company
Registration Address: No.483, Ghoo
Bldg., Nofelloshato
Crossing,Hafez
Ave.
Tehran 11365
Iran
Registration Number: 4688
Registration Date: 1954
Year Established: 1954
Registration Town: Tehran
Capital
Currency: Iranian Rials
Nominal capital: 154,200,000,000
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Number of Shares: 154,200,000 |
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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Kowsar Economic Organization Tehran Iran |
%18 |
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Ghadir
Investment Company Tehran Iran |
%12 |
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Kowsar
Investment Company Tehran Iran |
%10 |
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Others Iran |
%45 |
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Booali
Investment Company Tehran Iran |
%15 |
Principals
Name: Mr. Ardeshir Famoori
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Gholam Reza Basirzadeh
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Hossien Safajoo
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Mohamad Taghi
Abolhasani
Position within the company: Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Name: Mr. Behzad Goodarzian
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Company
Activities
Producer of Vegetable oil in different types of solid & liquid in vessels
of 675 g-20 Kg. Production capacity of this company is 120, 000 tons annually.
Brands
GHOO
ATLAS
KADBANOO
ALMAS
Local Reporters consider the investigated company to be
Large their field of concern.
Operations
Employees
Company Employs: 1700
HQ Premises
Operates from: Owned Offices, Warehouses,
Factory
Location: Central Business Area, Main Road
Branch
Pars Oil Factory
Opp. of South Terminal, Besat Exp'way,
Tehran,
Iran
Tel. (21) 55060170-6,
Fax: (21) 55061341
Pars Oil Distributor
Office
No.1000, Khayyam St.,
Tehran,
Iran
Tel: +98-215635616-8
Fax: +98-215625641
Imports
Imports: Raw
Material
Import%: 20%
Import from: Europe, Japan, Brazil, Malaysia
Import terms: letters of credit
Additional: balance of 80% purchased via
local market
Export
Exports: Finished
Goods
Export%: 20%
Export from: Persian Gulf Countries, CIS
Export terms: letters of credit
Trading
& Selling
Territory: 80% Nationality,
20 % Internationally
Type of Customer: General Public, Local Authorities
Terms of sales: Cash, letters of credit
Vehicles: Total number of vehicles: 65
Related
Companies
Subject dose not have related company
Banks
Bank Melli
Tehran
Iran
Bank Tejarat
Tehran
Iran
Financial
Information
Source: Ms. Mohamadi (Secretary)
Currency: Iranian Rials -
000,000
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Months |
Date |
Sales |
Gross
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Net |
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12 |
29/03/2007 |
980661 |
110235 |
66530 |
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12 |
29/03/2006 |
862320 |
101990 |
55820 |
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12 |
29/03/2005 |
790760 |
83485 |
46633 |
BALANCE SHEET
Source: Financial Estimates on
29/03/2006
Currency: Iranian Rials
Note: Figures in 000,000
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NEW WORTH |
84300 |
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Trade Creditor |
34000 |
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Total Liabilities |
86700 |
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Trade Debtors |
50000 |
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Total Assets |
155000 |
Payments
Subject's payments reported to be: NO COMPLAINTS
interview
& reporter comments
Name/Title: Ms. Mohamadi (Secretary)
In the interview conducted with Ms. Mohamadi (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
Normal 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%)