MIRA INFORM REPORT

 

 

Report Date :

28.07.2012

 

IDENTIFICATION DETAILS

 

Name :

KIA DIESEL SPADAN COMPANY

 

 

Registered Office :

The Edge of 5-e-Ramazan Str. Masjed Seyed Ave. Isfahan Isfahan

 

 

Country :

Iran

 

 

Date of Incorporation :

14.05.2000

 

 

Com. Reg. No.:

20873

 

 

Legal Form :

Private Joint Stock Company.                                                                                           

 

 

Line of Business :

The subject is Assembly and production of diesel & Range of spare parts of diesel generators and Electromotor.

 

 

No. of Employees :

45

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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:                KIA Diesel Spadan Company

 

Farsi Name:                         شرکت کیا دیزل اسپادان

 

Address:                              The Edge of 5-e-Ramazan Str. Masjed Seyed Ave. Isfahan

     Isfahan, Iran

     621049542

 

Telephone:                        +98 311 3359393, 3381361, 3369799

 

Fax:                                     +98 311 3361178

 

Website:                              www.Kiadieselspadan.Com

 

E-mail:                                 Info@Kiadieselspadan.com

 

Note:

Former Legal Form

Limited Liability Company.

Date of change: 22/01/2010

 

 

Registration & Legal Details

 

Current Legal Form:                   Private Joint Stock Company.                                                                                            Registration Address:                 The Edge of 5 Ramezan St, Masjed Seyed Ave, Isfahan

Isfahan, Iran

Start Date:                                            14/05/2000

Registration Number:                  20873

 

Registration Date:                      14/05/2000

Registration Town:                     Isfahan

National Code ID:                      10260417328

 

 

Capital 

 

Currency:                                    Iranian Rials

Nominal capital:                        100,000,000,000

 

Number of Shares: 10,000,000

Type of Shares:

Issued Shares:

Value per share: 10,000

 

 

 

Shareholders

 

Shareholder Names

% of Voting/Non-Voting Capital

Mr. Alireza Kafeli

45%

Mr. Aliasghar Kafeli

35%

Mr. Hamidreza Kafeli

20%

 

 

Principals

 

Name:                                                   Mr. Alireza Kafeli

Position within the company:                  Chairman

Country of Birth:                                     Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

National Code ID:                                1280375418

 

Name:                                                    Mr. Aliasghar Kafeli

Position within the company:                  Vice Chairman

Country of Birth:                                     Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

National Code ID:                                1290861781

 

Name:                                                   Mr. Hamidreza Kafeli                                                                                        Position within the company:                  Managing Director& Member

Country of Birth:                                                 Iran

Nationality:                                                        Iranian

Can fluently speak:                                            Farsi- English

National Code ID:                                   1282808397

 

 

Company Activities

 

The subject is Assembly and production of diesel& Range of spare parts of diesel generators And Electromotor.

 

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

 

Branch:

 

1. Corner of Masjed Amam, Ordebhesht Alley, Kashan St

Yazd 8913783737

Iran

 

Premised: Owned- Office

 

2. No.41, First Floor, Rezapour Pasaj, Southern Saadi St

Tehran, Iran

 

Premised: Owned- Office

 

Tel: +98 21 33946546-9

Fax: +98 21 33946550

 

3. Mr. Kamyar Anvari

Tehran, Iran

Tel: +98 311 3369799, 3359393

 

AGENCIES:

 

NAME                                             COUNTRY                                  PRODUCT

ELCOS  Company

Italy

Generator

TECNOGEN Company

Italy

Generator

AsCat Company

England

Generator

Marli Company

Italy

Generator

Cummins

USA

Generator

Volvo

Sweden

Generator

Perkins

England

Generator

Deutz

Germany

Generator

John Deere

USA

Generator

 

 

Operations

 

Employees 

 

Company Employs:  45

 

 

HQ Premises

 

Operates from:                           Owned, Offices, Warehouses, Work shop, Factory

Location:                                   Central Business Area, Main Road

 

 

Imports

 

Imports :                                  Finished Goods

Import%:                                  70%

Import from:                                American, Swedish, Germany

Import terms:                             letters of credit

Additional:                                 Balance of30 % purchased via local market

 

Export

 

It doesn’t any export.

 

 

Trading & Selling

 

Territory:                               40 % Nationality

Type of Customer:               Group Companies, Retailers, Public People

Terms of sales:                      letters of credit

Vehicles:                               Total number of vehicles: 12

 

 

Related Companies

 

It doesn’t have any related companies.

 

 

Banks

 

Tejarat Bank

 

Branch: Masjed seyed Isfahan, Iran

Bank account No. 621049542

 

 

Financial Information

 

Solicitor:  Hossein Mansouri (National Code ID: 1286895057)

Auditors: Azmon Taraz Pars Auditing Institute (National Code ID: 10530133758)

 

 

Payments  

 

Subject's payments reported to be: Non- Complaint

 

 

interview & reporter comments       

 

Name/Title:                                 Mr. Hamidreza Kafeli - Managing Director

 

Note:

The Subject has Sales office and after-sales service in Iran

 

1. Sales@kiadieselspadan.com

 

2. Export@kiadieselspadan.com

 

3. Vahdatfar@kiadieselspadan.com

 

4. amir.saadat@kiadieselspadan.com

 

5. Reza.kafili@kiadieselspadan.com

 

6. Hamid.kafili@kiadieselspadan.com

 

 

Note:

621049542 which you have provided is not accurate one, and is not for company.

 

Local Reputation: The company being investigated is considered by local reporters to be a

Normal Trade Risk and to be fair.

 

Owner/Shareholders Comments:

All of owners involved in the running of the business

 

Age of Business:                            Old Family Business.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.41

UK Pound

1

Rs.86.93

Euro

1

Rs.68.10

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.