MIRA
INFORM REPORT
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Report Date : |
30.08.2011 |
IDENTIFICATION DETAILS
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Name : |
FARAVARDEHAYE ROGHANIE IRAN COMPANY |
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Formerly Known As : |
FRICO |
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Registered Office : |
No. 80, 1st Floor Gaem Maham Farahani
Avenue Tehran |
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Country : |
Iran |
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Date of Incorporation : |
18.03.1993 |
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Com. Reg. No.: |
100013 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Subject is one of the Iranian edible oil production companies. |
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 |
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 |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Iran |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company
Details
Company Name: Faravardehaye
Roghanie Iran Company
Also Known as:
FRICO
Headquarter
Address: No. 80, 1st Floor
Gaem
Maham Farahani Avenue
Tehran, Iran
Postal Code: -
Tel: +98 21 88305310
+98
21 88305615
Fax: +98 21 8834244
Website: -
E-mail: info@fricosirjan.com
History:
Former legal address:
No. 92, 1st Floor
Gaem Maham Farahani Avenue
Tehran, Iran
Date of Change: 2009
Registration
& Legal Details
Current Legal Form: Private Joint
Stock Company
Registration Address: No. 80, 1st Floor
Gaem Maham Farahani Avenue
Tehran,
Iran
Registration Number: 100013
Registration Date: 18/03/1993
Start Date: 18/03/1993
Registration Town: Tehran
National Code ID: 10101439957
Capital
Currency: Iranian Rials
Nominal capital: 431,000,000,000.00
Share No: 431,000
Share Value: 1,000,000 Iranian Rials
Paid Up Capital: 431,000,000,000.00
Shareholders
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Shareholder Names |
Share% |
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Mr. Seyed
Jamshid Mir Salimi |
40 |
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Mr. Seyed Mehdi
Mir Salimi |
40 |
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Bonyan Kesht Fanavari va Tahghighat Iran |
20 |
Principals
Name: Mr. Seyed Jamshid Mir Salimi
Position within the company: Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Seyed Mehdi Mir Salimi
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Name: Mrs. Nahid Ebrahimi
Position within the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Company
Activities
The subject is one of the Iranian edible oil production companies.
Factory: Sirjan, Iran
Operations
Employees
Company Employs: 280
HQ Premises
Operates from: Owned Office, Factory
Location: Central Business Area,
Main Road
Imports
Imports: Finished Goods
Import%: 10%
Import from: India, Malaysia
Import terms: letters of credit
Additional: balance of 90% purchased via local market
Export
Exports: Finished Goods
Export%: 10%
Export from: Afghanistan
Trading
& Selling
Territory: 90 % nationally, 10%
Internationally
Type of Customer: Group Companies
Terms of sales: Cash, letters of credit
Vehicles: Total number of vehicles:40
Related
Companies
It doesn't have any related companies.
Banks
Auditor: Azmoudeh Karan Auditing Company
Solicitor: Mr. Ali Asghar Farokh
Please find the attachment for the financial information
of the subject.
Payments
Subject's payments reported to be: NO COMPLAINTS
interview
& reporter comments
Name/Title: Mrs. Nahid Ebrahimi -Director
She confirmed the report.
Conclusion
Local Reputation: The company being investigated is considered by local reporters to be a MEDIUM
TRADE RISK AND TO BE FAIR..
Owner/Shareholders Comments:
Some of
owners involved in the running of the business
Age of Business: Old Family
Business
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.87 |
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|
1 |
Rs.75.14 |
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Euro |
1 |
Rs.66.68 |
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 |
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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-- |
NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.