MIRA INFORM REPORT

 

 

Report Date :

18.11.2011

 

IDENTIFICATION DETAILS

 

Name :

KHORASAN STEEL COMPLEX COMPANY

 

 

Registered Office :

27th Bldg.,Betw. 5th & 7th Felestin St., Felestin Blvd. 91856 Mashhad

 

 

Country :

Iran

 

 

Date of Incorporation :

22.06.2001

 

 

Com. Reg. No.:

6581

 

 

Legal Form :

Public Joint Stock  Company

 

 

Line of Business :

Engages in melting, casting, and rolling steel products in the Middle East. It offers billets, and rolled bars and sections.

 

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

 

Maximum Credit Limit :

EUR 280,000

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Iran

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company details

 

Company Name:                       Khorasan Steel Complex Company

 

Also Known as:                                     KSCCO

 

Address:                                                27th Bldg.,Betw. 5th & 7th Felestin St., Felestin Blvd. 91856 Mashhad Iran

 

Postal Address:                          PO Box 91735/866, 91856 Mashhad

 

Tel:                                              + 98 511 8451103

                                                    +98 511 8432760

                                                    + 98 511 8451102

Fax:                                            +98 511 8451101

 

Website:                                     www.khorasansteel.com

 

E-mail:                                      info@khorasansteel.com

 

 

Registration & Legal Details

 

Current Legal Form:                   Public Joint Stock  Company

 

Registration Address:                 27th Bldg.,Betw. 5th & 7th Felestin St., Felestin Blvd.
                                                91856 Mashhad
                                                Iran

Registration Number:                 6581

Established Date:                       22 June 2001

Registration Date:                      22 June 2001

Registration Town:                     Mashad

National Code ID:                       10861926358

 

 

Capital

 

Nominal Capital: 300,000,000,000 Iranian Rials

 

 

Shareholders

 

Parent Co:

National Iranian Steel Co

 

 

Principals

 

Name:                                                   Mr. Majid Shakeri

Position within the company:                  Managing Director 

Country of Birth:                                     Iran

Nationality:                                             Iranian 

Can fluently speak:                                English, Persian

 

 

Name:                                                   Mr. Hasan Zia Matlabi Pour

Position within the company:                  Director

Country of Birth:                                     Iran

Nationality:                                            Iranian 

Can fluently speak:                                English, Persian

 

Name:                                                    Mr. Seyed Majid Mosavian

Position within the company:                  Vice Chairman

Country of Birth:                                     Iran

Nationality:                                                        Iranian 

Can fluently speak:                                English, Persian

 

Name:                                                    Mr. Hasan Sheikh Nia Jaliyani

Position within the company:                  Chairman

Country of Birth:                                     Iran

Nationality:                                                        Iranian 

Can fluently speak:                                English, Persian

 

 

Activations

Khorasan Steel Complex Co., a steel company, engages in melting, casting, and rolling steel products in the Middle East. It offers billets, and rolled bars and sections.

Branch:

Firoozeh Town, 15th km. of Neyshabur Rd., Neyshabur; Tel. (551)2453220, 2453210

Premised: Owned- Factory

TOTAL PRODUCTION CAPACITY                       : 630,000 tons of steel per year

                                                                        550,000 tons of steel per year

 

Brand: Khorsan Steel

 

 

Operations

 

Company Employs:                    830

 

Sales:                                       %50 Nationality, 50%International

Sales to:                                   General Public, Companies Group

 

 

Sales Term:                             Cash, Letters of Credit

 

Vehicles:                                  50

 

 

HQ Premises

 

Operates Form:                      Owned: Office, Factory

 Location:                               Business Area, Main Rd

 

 

Bankers

 

Saderat Bank

Melli Bank

Sepah Bank

Tejarat Bank

 

 

Financial

 

The subject declined it.

 

 

Imports

 

 

Imports From:                                         Germany, UK, Far East

Importing Terms:                                    Letters of Credit

Import % and type of product:                 30% Finished Goods

 

 

Export

 

Exports From:                                            Worldwide

Exporting Terms:                                      Letters of Credit

Export % and type of product:           50% Finished Goods

 

 

Related Companies

 

It doesn’t have any related companies.

Solicitor: Behradmashar Auditing Company

Auditor: Osoulandisheh Auditing Company

 

 

Payment

 

Subject's payments reported to be:  NO COMPLAINT

 

 

Interview & Reporter

 

Comments

 

Name/Title: Mr. Seyed Majid Mosavian- Vice Chairman

Subject refused to cooperate with us.

 

 

Conclusions

 

Local Reputation:

The company being investigated is considered by local reporters to be aMedium

Trade Risk and to be fair.

 

Owner/Shareholders Comments:      

All of the owners / shareholders have an active participation in the running of  the 

business.

 

Age of Business:  Old family business 

 

Max Credit: EUR 280,000

 

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.72

UK Pound

1

Rs.79.88

Euro

1

Rs.68.46

 

 

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

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

--

NB

                                       New Business

 

--

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.