MIRA INFORM
REPORT
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Report Date : |
09.03.2011 |
IDENTIFICATION DETAILS
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Name : |
IRAN POWER PLANT PROJECTS MANAGEMENT CO |
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Registered Office : |
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Country : |
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Date of Incorporation : |
25.08.1994 |
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Com. Reg. No.: |
99134 |
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Legal Form : |
Public Joint Stock Company |
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Line of Business : |
development and implementation
of power, oil and gas, railway transportation, and other industrial projects |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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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, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company
Details
Company Name: Iran Power Plant Projects Management Co
Persian Name:
شركت
مديريت پروژههاي
نيروگاهي ايران
Also Known as: MAPNA
GROUP
Headquarter Address:
Mirdamad Boulevard
Postal Code: 1918953651Tehran,
Tel:
+98 21 81983408
+98 21 82981
+98 21 81981158
Fax:
+98 21 81982816
+98 21 88795446
+98 21 22908574
Website: www.mapna.com
Registration
& Legal Details
Current Legal Form: Public Joint Stock Company
Registration Address:
Mirdamad Boulevard
Registration Number: 99134
Registration Date: 25/08/1994
Start Date: 25/08/1994
National Code ID: 10101431259
Capital
Currency: Iranian Rials
Nominal capital: 7,950,000,000,000
Share Value: 7,950,000,000
Iranian Rials
Share Number: 1000
Shareholders
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Shareholder Names |
Share% |
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Edalat Stockbroker Company |
25.57% |
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Tavanir Company |
15% |
|
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50.16% |
|
Besat
Electricity Production Management Co |
2% |
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Mr. Mousa Refan |
2% |
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Local Investors |
5.27 |
Principals
Name: Mr. Abbas Ali Abadi
Position within the company: Chairman, Managing Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Hamid Zargar pour
Position within the company: Vice
Chairman
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Mahmoud Janatian
Position within the company: Member
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi
Name: Mr. Mousa Refan
Position within the company: Member
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Akbar Nabavi
Position within the company: Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi
Company
Activities
Operations
Iran Power Plant Projects Management Co., together with its
subsidiaries, engages in the development and implementation of power, oil and
gas, railway transportation, and other industrial projects. It designs,
engineers, and manufactures gas and steam turbines and their ancillary
equipment, turbo-compressors, turbine blades and vanes, power generators, hydro
and thermal generators, gas and steam turbo generators, heat recovery steam
generators and conventional boilers, power plant electrical and control systems,
power plant protection systems, and cargo and passenger locomotives; provides
general contracting services for gas, steam, and combined cycle power plants;
and offers procurement and sale of spare parts, goods, and equipment. The
company also designs and constructs gas turbine power plants, thermal power
plants, co-generation cycle power plants, and heavy and light weight steel
equipment for power plants, turbo compressors, and oil and gas applications;
and offers main and unit transformers and generator circuit breakers. In
addition, it involves in oil and gas and petrochemical projects, such as
refineries, petrochemical complexes, pipelines, cogeneration plants, and LNG
plants; invests in power plants and sells electricity to the wholesale market; and
provides project planning and management, procurement, operation and
maintenance services. Further, the company manufactures and installs
hydro-mechanical cooling towers and equipment, storage tanks, and pressurized
vessels, as well as engages in steel bridges, roads and heavy steel structures
construction operations.
Brand: Mapna
Local Reporters consider the investigated company to be
LARGE their field of concern.
Employees
Company Employs: 755
Group Employees: 5,700
HQ Premises
Operates from: Owned Office, Warehouse
Location:
Central Business Area, Side Road
Imports
Imports : Finished Goods
Import%: 40
Import from: Far East,
Import terms: letters of credit
Export
It doesn't export.
Trading
& Selling
Territory: 100 % nationally
Type of Customer: Group Companies
Terms of sales: Cash, letters of credit
Vehicles: Total number of vehicles: 52
Related
Companies
Subsidiaries/Associates/Affiliates
|
Name |
Country |
Holding |
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MAPNA Boiler Engineering and Manufacturing Company |
|
100.00% |
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MAPNA Electric and Control Engineering and Manufacturing Company
[MECO] |
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100.00% |
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MAPNA Equipment Engineering and Manufacturing Company |
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100.00% |
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MAPNA Generator Engineering and Manufacturing Company [PARS] |
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100.00% |
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MAPNA Power Plant Erection Company [Nasb Niroo] |
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100.00% |
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MAPNA Power Plants Construction and Development Company |
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100.00% |
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MAPNA Special Projects Construction and Development Company |
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100.00% |
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MAPNA Tous Power Generation Company |
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100.00% |
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MAPNA Turbine Engineering and Manufacturing Company [TUGA] |
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100.00% |
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Mavadkaran Company |
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100.00% |
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South Isfahan Power Plant Company |
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80.00% |
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Azarakhsh Power Generation Company |
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- |
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Faiveley - MAPNA |
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- |
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Fars Power Plant Company |
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- |
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MAPNA |
UAE |
- |
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MAPNA Asalouyeh Power Generation Company |
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- |
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MAPNA Combined Cycle Power Plants Construction and Development Company |
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- |
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MAPNA Engineering Company [Monenco |
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- |
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MAPNA |
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- |
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MAPNA Ganaveh Power Generation Company |
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- |
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MAPNA International |
UAE |
- |
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MAPNA International |
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- |
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MAPNA |
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- |
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MAPNA Locomotive Engineering and Manufacturing Company [MLC] |
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- |
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MAPNA Oil and Gas Development Company |
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- |
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MAPNA Operation and Maintenance Company |
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- |
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MAPNA Turbine Blade Engineering and Manufacturing Company [PARTO] |
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- |
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Neyrperse Company |
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- |
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Pareh - Sar Power Plant Company |
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- |
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Sakht Tajhizat Sepahan Company [STC] |
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- |
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Sepahan Equipment Manufacturing Company |
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- |
Auditor: Behmand Hoshyar Auditing Company
Solicitor: Mr. Abbad Hashi
For Financial information, please find the
attachment.
Banks
Melli Bank,
Branch: Mir Damamad
Bank account No: 0107000032541
Payments
Subject's payments reported to be: NO COMPLAINTS
interview
& reporter comments
Name/Title: Mr. Akbar Nabavi –l Director
He confirmed the report.
Note: The address which you provided is for another
company (MAPNA Turbine Engineering & ManufacturingCo.(TUGA) P.J.S
Conclusion
Local Reputation: The company being investigated is considered by local reporters to be a MEDIUM
TRADE RISK AND TO BE FAIR.
Owner/Shareholders Comments:
Some of owners involved in the running of
the business
Age of Business: Old
Business
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.03 |
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1 |
Rs.72.98 |
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Euro |
1 |
Rs.62.94 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.