MIRA INFORM
REPORT
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Report Date : |
24.05.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
CHEMI DAROU INDUSTRIAL COMPANY |
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Registered Office : |
Km 3 Aball Road, Tehran-Iran Zip Code
174677 3611, P O Box 16576/381 |
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Country : |
Iran |
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Financials (as on) : |
29.03.2010 |
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Date of Incorporation : |
08.09.1965 |
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Com. Reg. No.: |
10080 |
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Legal Form : |
Public Joint
Stock Company |
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Line of Business : |
Manufacture of markets pharmaceutical and chemical products in Iran
and internationally |
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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Maximum Credit Limit : |
EUR 280,000 |
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Status : |
Satisfactory |
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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 |
Bottom of Form
Company
Details
Company
Name: Chemi Darou Industrial Company
Also Known as: Chemi Darou
Persian Name: شرکت صنعتی
کيميدارو
Headquarter
Address: Km
Postal Code
Address: 1746773611
Tel: +98 21 77330300
+98
21 77330291
Fax: +98 21 77336468
+98
21 77336458
Website: www.chemidarou.com
Registration
& Legal Details
Current Legal Form: Public Joint Stock Company
Registration Address: Km 3 Aball Road,
Tehran-Iran Zip Code 174677 3611, P O Box 16576/381
Registration Number: 10080
Registration Date: 08/09/1965
Start Date: 08/09/1965
National Code ID: 10861824398
Capital
Currency: Iranian Rials
Nominal capital: 240,000,000,000
Number of Share: 240,000,000
Share Value: 1,000
Shareholders
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Shareholder Names |
Share% |
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Negah Pouya
Development Management Company |
20% |
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Shafa Darou |
36% |
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Jaber Ebn Hayan
Pharmaceutical Company |
24% |
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Iran National Bank
Investment Company |
10% |
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Local Investors |
10% |
Principals
Name: Dr. Ali Jabbari
Position within the company: Managing Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Hussein Mohammadi Torbati
Position within the company: Chairman
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Ali Montaseri
Position within the company: Vice
Chairman
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Abbas Kebriayei Zadeh
Position within the company: Member
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Hamid Behfar
Position within the company: Commercial
Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi, English
Company
Activities
Manufacture of markets pharmaceutical and chemical products in
Local Reporters consider the investigated company to be
LARGE their field of concern.
Operations
Employees
Company Employs: 290
HQ Premises
Operates from: Owned Office, Factory
Location: Central Business Area, Main Road
Imports
Imports : Raw Materials
Import%: 20%
Import from: Europe,
Import terms: letters of credit
Export
Export to:
Export %: 40%
Export term: Letters of Credit
,
Trading
& Selling
Territory: 60 % Internationally –
40 % Internationally
Type of Customer: Group Companies
Terms of sales: Cash, letters of credit
Vehicles: Total number of vehicles: 18
Related Companies
Affiliates:
Mehban Darou
Banks
Melli Bank
Tejarat Bank
Payments
Subject's payments reported to be: NO COMPLAINTS
interview
& reporter comments
Name/Title: Mr. Hamid Behfar - Commercial Director
In the interview conducted with Mr. Hamid Behfar , he confirmed the report.
Auditor: Bahmand Auditing
Company,
Solicitor: Mr. Reza Atash
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 Business
Max Credit: EUR 280,000
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.28 |
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UK Pound |
1 |
Rs.73.30 |
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Euro |
1 |
Rs.63.61 |
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.