MIRA INFORM REPORT

 

 

Report Date :

28.05.2008

 

IDENTIFICATION DETAILS

 

Name :

DAROU PAKHSH PHARMACEUTICALS CO SSA

 

 

Registered Office :

Darou Pakhsh Building Express Way Tehran Karaj KM 18 Darou Pakshst Jadehmakhsous Karaj Tehran

 

 

Country :

Iran

 

 

Date of Incorporation :

1956

 

 

Com. Reg. No.:

38109

 

 

Legal Form :

Public Joint Stock Company

 

 

Line of Business :

Producer, Distributor, Importer and Exporter of the Manufactured Medicine and Pharmaceutical Raw Materials

 

 

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 :

Good

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

 

 

 

Company Details

 

Company Name:                     Darou Pakhsh Pharmaceuticals Co SSA

 

 

 

 Headquarter Address:             Darou Pakhsh Building Express Way Tehran Karaj KM 18

                                                 Darou Pakshst Jadehmakhsous Karaj Tehran

                                                 Iran

 

Postal Address:                      11365-7388

 

                                 

                                                                  

Telephone:                               +98 21 66026460

                                                  +98 21 66026461

                                                  +98 21 66026462

                                                  +98 21 66026463

                                                  +98 21 66026464

                                                  +98 21 66026465

                                                  +98 21 66026466

                                                  +98 21 66026467

                                                  +98 21 66026468

                                                   +98 21 66026469

                             

                

Fax:                                        +98 21 66026461

                                               +98 21 66026475

                                                           

 

Website:                                    -------                                                                   

 

E-mail:                                     dpakhsh@irnet.net.ir

                                                 daroupakhsh@neda.net

 

 

Registration & Legal Details

 

Current Legal Form:                  Public Joint Stock Company

Registration Address:                Darou Pakhsh Building Express Way Tehran Karaj KM 18

                                                   Darou Pakshst Jadehmakhsous Karaj Tehran

                                                   Iran

                                                

Registration Number:              38109

Registration Date:                   1956

Year Established:                     1956

Registration Town:                  Tehran

 

Company was originally started on 1956 

 

 

 

 

 

Capital 

 

Currency:                                     Iranian Rials

Nominal capital:                          300,000,000,000

 

Number of Shares: 300,000,000

Type of Shares:  None Selected

Issued Shares: -

Value per share: IRI 1,000.00

 

 

Shareholders

 

Shareholder Names/ Address

 

% of Voting/Non-Voting Capital

 

Darou Pakhsh Holding Company

Tehran

Iran

 

%56

Saba Taamin Investment Company

Tehran

Iran

%11

Taamin Pharmaceutical Investment Company

Tehran

Iran

%10

Others

Iran

%23

 

 

Principals

 

Name:                                                   Mr. Gholam Hussien Nik Nejad Lahijani

Position within the company:     Chairman

Country of Birth:                                     Iran

Nationality:                                  ranian

Can fluently speak:                      Farsi- English

Education:                                   B.S degree

 

 

Name:                                                   Mr. Morteza Azarboush

Position within the company:     Vice Chairman

Country of Birth:                                     Iran

Nationality:                                   ranian

Can fluently speak:                      Farsi- English

Education:                                    B.S degree

 

 

Name:                                                   Mr. Ahmad Sheybani

Position within the company:     Managing Director

Country of Birth:                        Iran

Nationality:                                  Iranian

Can fluently speak:                      Farsi- English

Education:                                    B.A degree

 

 

Name:                                        Mr. Saeid Afkhami

Position within the company:     Member

Country of Birth:                        Iran

Nationality:                                 Iranian

Can fluently speak:                    Farsi- English

 

 

Name:                                        Mr. Mohammad Ali Vatani

Position within the company:     Member

Country of Birth:                        Iran

Nationality:                                 Iranian

Can fluently speak:                     Farsi- English

 

Name:                                        Mr. Ali Reza Hossini

Position within the company:     Director

Country of Birth:                        Iran

Nationality:                                Iranian

Can fluently speak:                   Farsi- English

 

 

Company Activities

 

Producer, distributor, importer and exporter of the manufactured medicine and pharmaceutical raw materials.

 

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

 

 

Operations

 

 

Employees 

 

Company Employs:                           1052

 

 

HQ Premises

 

Operates from:                     Owned Offices , Warehouses, Factory

Location:                                Central Business Area, Main Road

 

 

Imports

 

Import%:                    %20 raw materials

Import from:                 China, India, Singapore, Spain, Germany

Import terms:               letters of credit

Additional:                   balance of 80% purchased via local market

 

 

 

Export

Exports:                       Finished Goods

Export%:                      25%

Export from:                  Africa, Pakistan, CIS, Afghanistan

Export terms:                letters of credit

 

 

Trading & Selling

 

Territory:                              75% Nationality, 25 % Internationally

Type of Customer:               General Public, Local Authorities

Terms of sales:                    Cash, letters of credit

Vehicles:                                Total number of vehicles: 95

 

 

Related Companies

 

Affiliated:

 

Tozie Daroupakhsh Co

Tehran

Iran

 

Daroupakhsh Commercial Co

Tehran

Iran

 

 

Banks

 

Melli Bank

Tehran

Iran

 

 

Financial Information

 

Source:                  Ms. Behnoosh Jafari (Secretary)  

Currency:               Iranian Rial

Note:                      Figures in 000,000

 

 

Months

Sales figures

Sales

12

29/03/2007

972,054

12

29/03/2006

920,679

12

29/03/2005

894,092

 

 

 

 

 

 

Payments       

 

Subject's payments reported to be:     NO COMPLAINTS

 

 

Interview

 

Name/Title:                Ms. Behnoosh Jafari (Secretary)

Comment:                 Subject has confirmed the general details shown the report.

 

Reporter Comment:      

In the interview conducted with Ms. Behnoosh Jafari (Secretary)

She Declined bank account numbers and full financial data  citing the grounds of

company confidentiality.

 

 

 

Conclusions

 

Accounts are Brief Accounts: Only Sales brief data received

 

Local Reputation: The company being investigated is considered by local reporters to be a

Medium 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.

 

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