MIRA
INFORM REPORT
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Report Date : |
11.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
FALAT SANG ASIA COMPANY |
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Registered Office : |
Phase 4 Moorcheh Khort Industrial Area Murchekurt Isfahan Industrial
Town Isfahan |
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Country : |
Iran |
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Date of Incorporation : |
1975 |
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Com. Reg. No.: |
19877 |
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Legal Form : |
Joint Stock
Company |
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Line of Business : |
Manufacturer of Engineered Stones |
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: Falat Sang Asia Company
Headquarter Address: Phase 4 Moorcheh
Khort Industrial Area Murchekurt Isfahan
Industrial
Town Isfahan
Iran
Tel: +98 312 5653336
+98 312 5653337
Fax:
+98 312 5653338
Website: www.falatsangasia.co.ir
E-mail: export@totemquartez.com
Registration
& Legal Details
Current Legal Form: Joint Stock Company
Registration Address: Phase 4 Moorcheh Khort Industrial Area Murchekurt Isfahan
Industrial Town Isfahan
Iran
Registration Number: 19877
Registration Date: 30/02/2002
Start Date: 1975
Registration Town: Esfahan
Capital
Currency: Iranian Rials
Nominal capital: 48,000,000,000
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Number of Shares: 4,800,000 |
Type of Shares: None Selected |
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Issued Shares: - |
Value per share: IRI 10,000.00 |
Shareholders
Information on shareholder is not available
Principals
Name:
Mr. Morteza Talebi
Position within the
company: Member, Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr.
Naser Saeidi Esfahani
Position within the
company: Member, Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Name: Mr. Behnam Saedid
Esfahani
Position within the
company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Name: Mrs. Maria Gharibjkhani
Position within the
company: Marketing Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: English, Farsi
Mobile phone: +98 935 2337753
Company
Activities
The manufacturer of
engineered stones under the name of TQ (Totem Quartz).The production was
started in January 2006 & enjoys full Breton system. The production
capacity is 1000 m² per one shift.
It has been certified by SGS international certification.
Local Reporters consider the investigated company to be
Medium their field
of concern.
Branch:
Dubai
Airport Free Zone (DFZA)Blug East
Wing 3, 201
Dubai, UAE
Tel: +9714 2990866
Fax: +9714 2990877
No.15, Poormeshkati St, Shariati Ave
After Zafar St
Tehran, Iran
Tel: +98 21 228 72 391
Fax: +98 21 228 72 392
E-mail: Tehran.office@totemquartez.com
No.207, Interior Building, Behind Karama Post Office
Facing Al Makttum Bridge, Bur, Dubai, UAE
Tel: +9714 3358823
Fax: +9714 3358825
Mobile: +971 50 7486077
E-mail: Sales@totemquartez.com
Distributors:
Carglia Marmi S.R.L
C.Dale Grazie, 50 62029 Tolentino
MC Italy
Tel: +39 073 3968152
Fax: +39 073 3974936
E-mail: info@creagliamarmi.it
AKN
Doha, Qatar, Airport Road, Ups Bldg
Second Floor, Flat No.12
POBOX: 22535
Tel: +974 4447070
Fax: +974 4550133
E-mail: ndtbynst@yahoo.com
Safir
Showroom
Isfahan, Iran
Mobile: +98 913 118 6317
Modern Ceramic and Tile Showroom and Store
Shiraz, Iran
Tel: +98 711 6240000
Fax: +98 711 6240004
Mobile: +98 8451 117917
Zahiri Stone Complex
Sari, Iran
Tel: +98 151 3283995
Fax: +98 151 3283996
Mobile: +98 913 117 8451
Operations
Employees
Company Employs: 95
HQ Premises
Operates from: Owned Offices, Warehouses,
Factory
Location: Central Business Area,
Main Road
Imports
Imports: Raw material
Import%:
5%
Import from: Far East
Import terms: letters of credit
Additional: balance of 95% purchased via
local market
Export
Exports: Finished Good
Export%:
10 %
Export from: African countries, CIS countries
Export terms: letters of credit
Trading
& Selling
Territory: 90 %
Nationality – 10% Internationally
Type of Customer: General Public, Local
Authorities
Terms of sales: Cash, letters of credit
Vehicles: Total number of vehicles:16
Related
Companies
Subject dose not have related company.
Banks
Bank Tejarat
( Central Branch)
Esfahan
Iran
Financial
Information
The subject declined financial information
Payments
Subject's payments reported to be: NO COMPLAINTS
Presentation
Auditor: Mr. Hasan Saeidi
Solicitor: Mrs. Mahin Saeidi
interview
& reporter comments
Name/Title:
Ms. Neda Salehi(Secretary)
In the interview conducted with Ms. Neda Salehi (Secretary), she 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 Fair.
Owner/Shareholders Comments:
Some of owners involved in the running of
the business
Age of Business: Old Family 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%)