MIRA
INFORM REPORT
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Report Date : |
03.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
ZOR DIAM LTD |
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Registered Office : |
Nor Hachn 416 T Zoravan V Kotaik Marz Yerevan |
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Country : |
Armenia |
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Date of Incorporation : |
1995 |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Supplier and Importer of
Diamond |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Details
Company Name: Zor
Diam Ltd
Address: Nor Hachn
416 T Zoravan V Kotaik Marz
YEREVAN
ARMENIA
Telephone: +374 224 42666
Fax: +374 224 42666
Company was originally started on 1995
Registration
& Legal Details
Current Legal Form Limited
Liability Company
Registration Address Nor Hachn
416 T Zoravan V
Kotaik Marz
YEREVAN
ARMENIA
Registration Number: 127.149.05475
Established Date: 15 Dec 1994
Registration Date: 15 Dec 1994
Registration Town:
YEREVAN
Capital
Nominal capital: 138,000,000 AMD
Principals
Name: Mr.Samvel Tovmasyan
Position within the company: Director
Country of Birth: Armenia
Nationality: Armenia
Can fluently speak: Armani
Name: Ms.
Mary Arakelyan
Position within the company: Administrative assistant
Country of Birth: Armenia
Nationality: Armenia
Can fluently speak: Armani
Shareholders
It declined all shareholder data.
Company
Activities
Supplier and importer of
diamond.
Operations
Company Employs: 8
Sales: %100 Nationality
Sales to: General Public, Local Authorities
Sales Term: Cash,
Vehicles: 3
HQ Premises
Operates Form: Rented: Office, Warehouse
Location: Central Business Area, Side Road
Imports
Imports From: India,
Hong Kong, Italy
Importing Terms: Letters of credit
Import % and type of product: 20% raw material
Additional Information: Balance of %80 purchased via local market.
Export
It doesn't have any export.
Related Companies
Information on Related Companies is not available/
applicable
Interview & Reporter Comments
In the interview conducted with Ms.
Mary Arakelyan (Administrative assistant), she declined financial
information and bank account number citing the grounds of company
confidentiality.
Name/Title:
Ms. Mary Arakelyan (Administrative assistant)
Subject has confirmed the general details provided in the report but has declined to
provide any Financial Data.
Conclusions
Local Reputation:
The company being investigated is believed by local reporters to be a High
Trade Risk and To be Secured. The company is not known on Armenia market.
Owner/Shareholders Comments: All or most of the owners / shareholders have an active participation in the running of
the business.
Age of Business: Old Business
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.30 |
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UK Pound |
1 |
Rs.86.13 |
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Euro |
1 |
Rs.68.72 |
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%)