MIRA INFORM REPORT

 

 

Report Date :           

13.03.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

PARSIFAM COMPANY  

 

 

Registered Office :

No.74, Batrisazi Noor Road, Shariyar              

 

 

Country :

Iran

 

 

Date of Incorporation :

18.09.1991

 

 

Com. Reg. No.:

1337

 

 

Legal Form :

Private Joint Stock  Company

 

 

Line of Business :

Manufacture of paint or coatings and oil products

 

 

No. of Employees :

268

 

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 220,000

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 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:                     Parsifam Company 

 

Also Known as:                      -

 

Address:                                No.74, Batrisazi Noor Road, Shariyar, Iran

Postal Address:                    Postal Code: 33561-85774

Tel:                                         + 98 21 65764960

                                               + 98 262 3764960-68

Fax:                                        +98 262 3764969

Website:                                 www.parsifam.com

E-mail:                                     info@parsifam.com

 

History

Former Legal Form:                Limited Liability Company

Date of Change:                       07/06/2008

Current Legal Form:                  Private Joint Stock  Company

Registration Address:               No.74, Batrisazi Noor Road, Shariyar, Iran

Registration Number:                1337

Established Date:                       18/09/1991

Registration Date:                      18/09/1991

Registration Town:                    Shariyar

 

 

Capital

 

Nominal Capital: 2,300,400,000 Iranian Rials

 

 

Shareholders

 

Shareholder Names

Share%

Mr. HoushangPakshad

40%

Mrs. Tina Pakshad

20%

Mrs. MahshidNaseri Pour Tousi

40%

 

 

Principals

 

Name:                                              Mr. HoushangPakshad

Position within the company:       Chairman 

Country of Birth:                            Iran

Nationality:                                     Iranian 

Can fluently speak:                        English, Persian

 

Name:                                              Mrs. Tina Pakshad

Position within the company:       Vice Chairman

Country of Birth:                            Iran

Nationality:                                     Iranian 

Can fluently speak:                        English, Persian

 

Name:                                              Mrs. MahshidNaseri Pour Tousi

Position within the company:       Managing Director

Country of Birth:                            Iran

Nationality:                                     Iranian 

Can fluently speak:                        English, Persian

 

Name:                                              Mr. Ali Morovati

Position within the company:       Director

Country of Birth:                            Iran

Nationality:                                     Iranian 

Can fluently speak:                        English, Persian

 

 

Activities

 

Manufacture of paint or coatings and oil products.

 

Branches:

Tehran, Iran

Tel: +98 21 88064571

Fax: +98 21 88064569

 

Clients:

NIOC : Refinery of Bandar Abbas
NIOC : Refinery of Abadan
NIOC : Refinery of Lavan
NIOC : Refinery of Shiraz
NIOC : Refinery of Tabriz
NIOC : Petrochemical complex of Khark
NIOC : Petrochemical complex of Tondgoyan
NIOC : Petrochemical complex of Jam
NIOC : Petrochemical complex of Tabriz
NIOC : Petrochemical complex of Bojnord
NIOC : Petrochemical complex of Fajr (1 & 2)
NIOC : Oil Production Distribution Center of Isfahan
NIOC : Oil Production Distribution Center of Tehran
NIOC : Oil Production Distribution Center of Tabriz
NIOC : Oil Production Distribution Center of Sanandaj
NIOC : Oil Production Distribution Center of Kermanshah
NIOC : Oil Production Distribution Center of Yazd
NIOC : Oil Production Distribution Center of Bandar Abbas
NIOC : Oil Production Distribution Center of Arak
NIOC : Oil Production Distribution Center of Shiraz
NIOC : Oil Production Distribution Center of Tehran
NIOC : OTC ( Oil Terminal Company )

NIOC : LolevaMokhaberatNafte Iran ( Sari)
NIOC : LolevaMokhaberatNafte Iran ( Arak )
NIOC : LolevaMokhaberatnafte Iran ( Afrine )

NIOC : South Zagroos Oil Company ( Shiraz )
NIOC : South Zagroos Oil Company ( Sarkhoon )
NIOC : South Oil Co.( Karoon )
NIOC : South Oil Company( Gachsaran )
NIOC : South Oil Company( Aghajari )
NIOC : South Oil Company( MasjedSoleiman )
NIOC : MeliMohandesivaSakhtemanNaft

NIGC : Gas Refinery of ShahidHashemiNejad
NIGC : Refinery of Gheshm
OTCE : Oil Turbo Compressor Equipment
OEID : Oil , Energy Industrial Development
FaraSaheleGheshm Co. ( Saba )
Petrotexan Co.
FaniVaMohandesiTarh o Bazresi
IBC : Industrial Building Co.
Mapna Group
Moshanir Co . (kohrang project )
FarabCo .
Power Generation Palnt :Ramin Ahvaz
Power Generation Plant : Zarkan
Power Generation Palnt : Shariati Mashhad
Power Generation Palnt : Bistoon Kermanshah
Power Generation Palnt : Khayam
Power Generation Plant : Konarak

Ministry of Defense( MohematSazi co. )
Ministry of Defense( Hadid Complex )
Ministry of Defense ( ShahidKharazi co . )
Ministry of Defense( Sanaye Electronic Shiraz )
Ministry of Defense ( Sanat e Optic Isfahan )
Ministry of Defense ( ShahidBagheri co . )
Ministry of Defense( ShahidBakeri co . )

JahanSanat Joint VentureAgahan&Sadid
Kish Omran Co.(Teha Kish Co.)

Nier Pars Co.
Arman Energy Co. (Sepahan Refinery of Isfahan)
Gas Tech Co.
Farsiran Co.

KahanRobasaman Co.
KaryabeJoosh Co.
KajNamad Co.
KotamGostar Co.
Mahab Mechanic Co.
Tetaelectronic Co.
Jahad e Tahghighate Pars Co.
Jahad e TahghighateSahand Co.
KahanRobaConsulitng Co.
Perlit Consulting Co .
Kanivo Consulting Co .
Disc Arak Co.
General Mechanic Co.
MashinSazi Pars Co.
SedadMashin Co.
AbnieGostar Co.
Iran Airports company
Sarakhs Airport
Complex of Cupper in Sarcheshme (GoleGohar )
Zinc Melting Plan of Qeshm (ToseFarachineGheshm Co.)
ToseneishekarVaSanayejanebi Co.
FaleghSanat Co.

INDUSTRIAL

NIOC : Iran Gas Co.
NIOC : Iran cylinder Co.
Pipe and Machine Manufacturing Co .
HamoonNayze Pipe and Machine Manufacturing Co .
Mamut Group
Boshkesazisalafcheganco . (B.F.S Co .)
Alborzchelik co.
Dena chelik co .
Co.TakTabloo
Iran TransformatorZanjan
Pars Kodro Co. .
MachinSazi Tabriz Co.
RikhteGariMachinSazi Tabriz
Tractor sazi Tabriz
Isfahan Iron & Steel Co.
GhatateFoladi Iran Group
IrcastNovenburg Co .
Sepahan Group
Dojpad Group
FazaSazane Amin Co .
Oxin Steel Co.
IrcastNoveburg Co .
Iran AbzarCo .
FanarSaziZarCo .
Zakariarazi Pharmaceutical Co.
Filter Kaj Co.
Iran Switch Co.
Nik Kala Co .
Iran Radiator Co.
Pars Lent Co.

 

Operations

 

Company Employs:              268

 

Sales:                                       %80 Nationality, 20%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

·         Tejarat Bank

 

 

Financial

 

The subject declined it.

 

 

Imports

 

Imports From:                                         Germany, UK, India

Importing Terms:                                 Letters of Credit

Import % and type of product:              10% Finished Goods

 

 

Export

 

Exports From:                                         China, India

Exporting Terms:                                 Letters of Credit

Export % and type of product:              20% Finished Goods

 

 

Related Companies

 

It doesn’t have any related companies.

Solicitor: Mrs. MahinYousof

Auditor: Mrs. FatemehMaralaniTabrizi

 

 

Payments

 

Subject's payments reported to be:     NO COMPLAINT

 

 

Interview & Reporter

 

Name/Title: Mrs. MahshidNaseri Pour Tousi- Managing Director

 

Subject refused to cooperate with us.

 

 

Conclusions

 

Local Reputation:

 

The company being investigated is considered by local reporters to be a Medium

 

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 220,000

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.94

UK Pound

1

Rs.78.25

Euro

1

Rs.65.39

 

 

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.