MIRA INFORM REPORT

 

 

Report No. :

306841

Report Date :

07.02.2015

 

IDENTIFICATION DETAILS

 

Name :

TOLID MAVADE AVALLIEH DAROUPAKHSH COMPANY

 

 

Registered Office :

Active Pharmaceutical Ingredients 28th Km Karaj Makhsous Rod Tehran Tehran

 

 

Country :

Iran

 

 

Date of Incorporation :

03.11.2000

 

 

Com. Reg. No.:

129211

 

 

Legal Form :

Public  Joint Stock

 

 

Line of Business :

Manufacture of Pharmaceutical Raw Materials, Codeine Base, Hydrocodone Base, Buprenorphine HCL.

 

 

No. of Employees :

1300

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Iran

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

IRAN - ECONOMIC OVERVIEW

 

Iran's economy is marked by statist policies, an inefficient state sector, and reliance on oil, a major source of government revenues. Price controls, subsidies, and other distortions weigh down the economy, undermining the potential for private-sector-led growth. Private sector activity is typically limited to small-scale workshops, farming, some manufacturing, and services. Significant informal market activity flourishes and corruption is widespread. New fiscal and monetary constraints on Tehran, following the expansion of international sanctions in 2012 against Iran's Central Bank and oil exports, significantly reduced Iran's oil revenue, forced government spending cuts, and fueled a 60% currency depreciation. Economic growth turned negative in 2012 and 2013, for the first time in two decades. Iran continues to suffer from double-digit unemployment and underemployment. Lack of job opportunities has convinced many educated Iranian youth to seek jobs overseas, resulting in a significant "brain drain." However, the election of President Hasan RUHANI in June 2013 brought about widespread expectations of economic improvements and greater international engagement among the Iranian public, and early in Ruhani's term the country saw a strengthened national currency and a historic boost to market values at the Tehran Stock Exchange.

 

Source : CIA

 

 

 

Company Details

 

Company Name:                        Tolid Mavade Avallieh Daroupakhsh Company

Company Trade Name:               Temad Company, TEMAD

 

Address:                                   Active Pharmaceutical Ingredients 28th  Km

                                                             Karaj Makhsous Rod Tehran

                                                             Tehran, Iran

 Postal Code:                           -                                          

P.O.BOX:                                              -

 

Telephone:                                + 98 26 36100820-4, 36100801-10

Fax:                                          + 98 26 36100801-10

 

Website:                                   www.Temad.com

 

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

 

 

Registration & Legal Details

 

Current Legal Form:                    Publick  Joint Stock

Registration Address:                Active Pharmaceutical Ingredients 28th  Km

                                                    Karaj Makhsous Rod Tehran

                                                    Tehran, Iran

                                                      

Start Date:                                   03/11/2000

Registration Number:                  129211

 

Registration Date:                                  03/11/2000

Registration Town:                    Tehran

National Code ID:                       10101725603

 

 

Capital

 

Nominal Capital:                        120,000,000,000

Share No:                                  120,000,000

Share Value:                             1,000

 

 

Shareholders

 

Shareholder Names

Daroupakhsh Factories Company                      20%

 Darouei Tamein Investment Company               20%

 Daroupakhsh Distribution Company                   20%

 Darouei Daroupakhsh Chemistry Company       20%

Daroupakhsh Company                                         20%

 

 

Principals

 

Name:                                                   Mr. Ali Baghbanian

Position within the company:                  Chairman of the Board

Country of Birth:                                     Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                   Dr. Seyed Mahdi Mosavi

Position within the company:                  Managing Director and Vice Chairman

Country of Birth:                                     Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                   Mr. Gholam Reza Parvin

Position within the company:                  Member of the Board

Country of Birth:                                     Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                   Mr. Ali Khalaj

Position within the company:                  Member of the Board

Country of Birth:                                     Iran

Nationality:                                             Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                   Mr. Majid Anabi

Position within the company:                  Member of the Board

Country of Birth:                                     Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                   Mr. Meisam Saeidi

Position within the company:                  Manager

Country of Birth:                                     Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

 

Company Activities

 

Manufacture of pharmaceutical raw materials, codeine base, hydrocodone base, buprenorphine HCL.

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

 

Branches:

Corner of Tabarok Factory, Fariman Rd 3Km, Mashhad, Iran

Tel: + 98 511 3920811

Fax: + 98 511 3923937

 

 

Operations

 

EMPLOYEES

Company Employs: 1300

 

 

HQ PREMISES

Operates from:                           Owned, Office, Warehouse, Factory, Laboratories

Location:                                   Central Business Area, Main Road

 

 

IMPORTS

Import %:                                  20%- Finished Goods

Import term:                               Bank Transfer

Import from:                               Europe, Italy

 

 

EXPORT

Export To:                                   Asian countries

Exporting Terms:                        Bank Transfer

Export%:                                     10%

           

 

TRADING & SELLING

Territory:                                90 % Nationality, 10% Internationally

Type of Customer:                Group Companies, Retailers

Terms of sales:                      letters of credit

Vehicles:                               Total number of vehicles: 30

 

 

RELATED COMPANIES

 

Daroupakhsh Investment Company

Iran

 

Tamein Ejtemaei  Iran Organization

Iran

 

 

Banks

 

Mellat Bank

Branch: Imam Khomeini, Tehran, Iran

 

 

Financial Information

 

Auditor:            Osoul Paeh Faragir Management Services Auditing Institute

Solicitor:          Rahyaft Va Hamkaran Auditing Institute

 

 

Payments

 

Subject's payments reported to be: Non- Complaint         

 

 

interview & reporter Comments 

                                                                

Name/Title:                                Dr. Seyed Mahdi Mosavi - Managing Director   

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 Business

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.74

UK Pound

1

Rs.94.65

Euro

1

Rs.70.79

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIT

 

               

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.