MIRA
INFORM REPORT
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Report Date : |
11.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
FARZIN TEA COMPANY |
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Registered Office : |
No.22, Aseman 5 Alley, Saadat Abad Ave, Tehran |
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Country : |
Iran |
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Date of Incorporation : |
19.10.2004 |
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Com. Reg. No.: |
276418 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Supplier of all kinds of Tea, such as Blacl Tea
and Green Tea |
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 : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Details
Company Name: Farzin Tea Company
Headquarter Address: No.22, Aseman 5 Alley, Saadat Abad Ave
Tehran, Iran
Tel: +98 21 22521053
Fax: +98 21 22521053
Registration
& Legal Details
Current Legal Form: Proprietorship
Registration Address: No.22, Aseman 5 Alley, Saadat Abad Ave
Tehran, Iran
Registration Number: 276418
Registration Date: 19/10/2004
Start Date: 19/10/2004
Registration Town: Tehran
Capital
Nominal capital: 100,000,000.00 Iranian
Rials
Shareholders
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Shareholder Name |
% Shares |
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Mr. Farzin Atta |
100% |
Principals
Name:
Mr. Farzin Atta
Position within the
company: General Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Name:
Mr. Mahdi Sadreddini
Position within the
company:
Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Name: Mrs. Samira Azadi
Position within the
company:
Secretary
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Company
Activities
Supplier of all kinds of tea, such as Blacl Tea and
Green Tea
Employees
Company Employs: 7
HQ Premises
Operates from: Rented Office, Warehouse
Location: Central Business Area,
Main Road
Imports
Imports: Finished Goods
Import%: 30
%
Import from: Singapore, Seri Lanka, India,
China
Import terms: letters of credit
Additional: balance of 70% purchased via
local market
Export
Exports: Finished Good
Export%: 1 %
Export from: Iraq
Export terms: letters of credit ,
Cash
Trading
& Selling
Territory: 99 %
Nationality –1% Internationally
Type of Customer: General Public, Local
Authorities
Terms of sales: Cash, letters of credit
Vehicles: Total number of vehicles
2
Related
Companies
Affiliates:
Naseri Baradar Tea Company
Tehran, Iran
Banks
Saman Bank Corporation
Bazar Branch
West 15 Khordad Ave Tehran Iran
Financial
Information
It declined all financial information.
Payments
Subject's payments reported to be: NO COMPLAINTS
interview
& reporter comments
Name/Title: Mrs. Samira Azadi ( Secretary )
In the interview conducted with Mrs. Samira Azadi ( Secretary )she declined
bank account numbers and full financial
information citing the grounds of Company confidentiality.
Conclusion
Local Reputation: The company being investigated is considered by local reporters to be a
High Trade Risk
and to be Secured, the company is not
a known on Iran market.
Owner/Shareholders Comments:
Some of owners involved in the running of
the business
Age of Business: Under 5
Business
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
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%)