MIRA INFORM REPORT

 

 

Report Date :           

05.04.2012

 

IDENTIFICATION DETAILS

 

Name :

TEMAD ACTIVE PHARMACAUTICAL INGGREDIENTS

 

 

Registered Office :

28th Km Karaj Makhsous Road, Opposite Atmosfer Subway, Tehran-Karaj

 

 

Country :

Iran

 

 

Date of Incorporation :

14.06.1980

 

 

Com. Reg. No.:

129211

 

 

Legal Form :

Public Joint Stock Company

 

 

Line of Business :

Manufacturer of Narcotic and non-Narcotic and pharmaceutical products.

 

 

No. of Employees :

1500

 

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 :

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 30th, 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:                       TEMAD ACTIVE PHARMACAUTICAL INGGREDIENTS

 

Also trade as:                            Temad Co


Address:                                    28th KM Karaj Makhsous Road

                                                     Opposite atmosfer subway

                                                     Tehran-Karaj 1431663113

                                                                 Iran

 

Postal Address:                          P.O. Box 13145-659 Tehran, Iran  
Tel:                                              + 98 261 6100801-10, 6100835-6                                                   

Fax:                                             +98 21 261 6100801-10-150

Website:                                     www.temad.com

E-mail:                                       temad@temad.com, commercial@temad.com   

                                                    Drskhosseini@temad.com , Financial@temad.com                                           

 

History:

Pervious Legal:                          Private joint Sock

Date of Change:                         12/06/2001

 

Company was originally started as a Public Joint Stock Co on 14/06/1980

 

 

Registration & Legal Details

 

Current Legal Form:                        Public Joint Stock Co

 

Registration Address:                     28th KM Karaj Makhsous Road

                                                           Opposite atmosfer subway

                                                           TEHRAN-Karaj

                                                            IRAN

                                                          

         

Registration Number:                        129211

Established Date:                               14/06/1980

Registration Date:                              14/06/1980

Registration Town:                            Tehran

 

 

Capital

 

Currency:                                           Iranian Riyals

Nominal capital:                                120,000,000,000

 

 

Number of Shares: 12000000

Type of Shares:  None Selected

Issued Shares: -

Value per share:  10000

 

 

Shareholders

 

Parent Company:

Darou Pakhsh Co

51% Share

Tehran, Iran

 

 

Shareholders:

Shareholder Name

 

Share %

 

Shimi Darou Pakhsh

Iran

 

Tamin Ejtemaie Investment

Iran

 

Darouie Tamin

Iran

 

Public

 

 

 

 

Principals

 

Name:                                              Mr. Mohammad Reza Saiedi

Position within the company:       Chairman

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                         Farsi-English

 

 

Name:                                               Mr. Mehdi Mosavi

Position within the company:        Managing Director& Member

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                        Farsi- English

 

 

Name:                                               Mr. Javad Enayati

Position within the company:        Vice Chairman& Member

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                        Farsi-English

Name:                                               Mr. Ali Baghbaniyan

Position within the company:        Member

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                        Farsi, English

 

 

Name:                                               Mr. Ali Ahmadi

Position within the company:        Member

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                        Farsi, English

 

 

Name:                                               Mr. Reza Zaferani

Position within the company:        Commercial Manager

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                        Farsi, English

 

 

Name:                                               Mr. Yaser Bazeghi

Position within the company:        Commercial Director

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                        Farsi, English

 

 

Activations

 

Manufacture of Narcotic and non-Narcotic and pharmaceutical products.

 

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

 

 

Operations

           

Company Employs:                 1500                    

 

Sales:                                       80% Nationally, 20% International

Sales to:                                   Group companies, Government Bodies

                                                  General Public,

 

Sales Term:                              Cash

Vehicles:                                   100

 

 

 

HQ Premises

 

Operates Form:                           Owned: Offices, Laboratories, Warehouses

                                                                                                                                                                                                                                                                        

Location:                                    Central Business Area, Main Road,

 

Branches:-

Mashah, Iran

Owned Laboratory

 

No. 3, Bisotoun St. Fatemi Sq

Tehran, Iran

98-21-88957100-1

Owned, Office

                                

                        

Bankers

 

Bank Pasargad, 

Tehran, 

Iran

 

 

Bank Eghtesad Novin

Tehran

Iran

 

 

Financial

 

Information Financial is not available

 

 

Imports

 

Imports From:                                         Canada, Germany, UK, Belgium

Importing Terms:                                    Bank Transfer

Import % and type of product:               40% Raw Materials

 

 

Export

 

Export To:                                                Afghanistan, Iraq, Armenia

Importing Terms:                                    Bank Transfer

Import % and type of product:              20% Finished Good

Related Companies

 

Affiliates

Abidi Darou Comapany

Tehran, Iran

 

Kimiya Darou

Tehran, Iran

 

 

 

Auditor:           Rihafat and Hamkaran Moasese       

Solicitor:           Azon Pardaz Hesabeasi

 

 

Payment

 

Subject's payments reported to be:  NO COMPLAINTS

 

 

Interview & Reporter Comments

 

Reporter Comment Date:                 03/04/2012

 

Name/Title: Mr. Yaser Bazeghi (Commercial Director).

Subject has confirmed the general details provided in the report.

 

Reporter Comment:

 

In the interview conducted with Mr. Yaser Bazeghi (Commercial Director), he declined bank account numbers and financial details citing the grounds of company confidentiality.

 

 

Conclusions

 

Local Reputation:

The company being investigated is considered by local reporters to be a Normal Trade Risk

 

Local informants consider granting of credit to be a fair trade risk

 

Owner/Shareholders Comments:       Some of the owners / shareholders have an active participation in the running of the business.

 

Age of Business: Old Business

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.05

UK Pound

1

Rs.81.09

Euro

1

Rs.67.39

 

 

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%)

 

 

 

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

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