MIRA
INFORM REPORT
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Report Date : |
28.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
TOLID DARU CO |
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Registered Office : |
Shahid Yadegar St, Saveh Road, serah Azari
Area, Tehran |
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Country : |
Iran |
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Date of Incorporation : |
1953 |
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Com. Reg. No.: |
5118 |
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Legal Form : |
Public Joint Stock Company |
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Line of Business : |
Producer of Pharmaceutical, Hygienic & Cosmetic, Herbal and
Veterinarian Supplements & Raw Materials |
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: Tolid Daru Co
Headquarter
Address: Shahid Yadegar St,
Saveh Road, serah Azari Area
Tehran
Iran
Tel: +98 21 66705119
+98
21 66726004
+98
21 66726168
+98
21 66703059
Fax: +98 21 66704390
Website: www.tolidaru.com
E-mail: info@tolidaru.com
Registration
& Legal Details
Current Legal Form: Public Joint Stock Company
Registration Address: No.247, Hafez
Crossing, Jomhouri Islami Ave.
Tehran
Iran
Registration Number: 5118
Registration Date: 1953
Year Established: 1953
Registration Town: Tehran
Capital
Currency: Iranian Rials
Nominal capital: 48,000,000,000
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Number of Shares: 48,000,000 |
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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Alborz Investment Company Tehran Iran |
%48 |
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Alborz Darou
Company Tehran Iran |
%12 |
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Tooli Pers
Company Tehran Iran |
%10 |
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Others Iran |
%30 |
Principals
Name: Mr. Mohamad Panahandeh
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Hamid Reza Jamshidi
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Seyed Reza
Zeytoonnejad Mousavian
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Bahram Mansour Khaki
Position within the company: Managing Director
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi
Name: Mr. Alireza Khosravani
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Company
Activities
Producer of pharmaceutical, hygienic & cosmetic, Herbal and
veterinarian supplements & raw materials
Local Reporters consider the investigated company to be
Large their field of concern.
Operations
Employees
Company Employs: 900
HQ Premises
Operates from: Owned Offices, Warehouses, Factory
Location: Central Business Area, Main Road
Branch
Tolid Daru Factory
Saveh Rd., Azari Forked Rd.,
Tehran,
Iran
Tel.: +98 21 66620170,
Fax: +98 21 66695449
Branch is owned
Imports
Imports: Raw
Material
Import%: 30%
Import from: Europe, Far East, China, India
Import terms: letters of credit
Additional: balance of 70% purchased via
local market
Export
Exports: Finished Goods
Export%: 30%
Export from: Europe, CIS, Africa,
Persian Gulf Countries
Export terms: letters of credit
Trading
& Selling
Territory: 70% Nationality,
30 % Internationally
Type of Customer: General Public, Local
Authorities
Terms of sales: Cash, letters of credit
Vehicles: Total number of vehicles: 55
Related
Companies
Subsidiaries:
Tolid Daru Takestan Company
Takestan
Iran
Owned %100 by Subject
Start: 1996
Operate as: Manufacture of hygienic and
cosmetic products
Banks
Export Development
Bank of Iran
Tehran
Iran
Bank Tejarat
Tehran
Iran
Financial
Information
Source: Ms. Mana Kazemi (Secretary)
Currency: Iranian Rials -
000,000
|
Months |
Date |
Sales |
Gross
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Net |
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12 |
29/03/2007 |
94101 |
26285 |
22608 |
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12 |
29/03/2006 |
74380 |
21821 |
19557 |
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12 |
29/03/2005 |
66540 |
18335 |
13770 |
BALANCE SHEET
Source: Financial Estimates on
29/03/2006
Currency: Iranian Rials
Note: Figures in 000,000
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NEW WORTH |
67600 |
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Trade Creditor |
36000 |
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Total Liabilities |
81700 |
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Trade Debtors |
36000 |
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Total Assets |
149300 |
Payments
Subject's payments reported to be: NO COMPLAINTS
interview
& reporter comments
Name/Title: Ms. Mana Kazemi (Secretary)
In the interview conducted with Ms. Mana Kazemi (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%)