MIRA INFORM REPORT
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Report Date : |
18.11.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
ESFAHAN MOBARKEH STEEL COMPANY |
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Registered Office : |
178, Saadi Boulevard, Esfahan Industrial Area, Esfahan |
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Country : |
Iran |
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Date of Incorporation : |
16.08.1993 |
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Com. Reg. No.: |
7841 |
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Legal Form : |
Public Joint
Stock Company |
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Line of Business : |
Producer of Steel |
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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Maximum Credit Limit : |
EUR 280,000 |
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Status : |
Satisfactory |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Iran |
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: Esfahan Mobarkeh Steel Company
Address:
178,
Saadi Boulevard
Esfahan Industrial Area
Esfahan
Iran
Postal
Address: P. O. Box
84815 – 161 Esfahan, Iran
Tel: +
98 311 332 5325
+ 98 311 627 8806
+ 98 311 627 8809
Fax: +
98 311 332 4324
+ 98 311 627 8806
+ 98 311 627 8809
Website: www.mobarakeh-steel.ir
E-mail: info@esfahansteel.com
Registration & legal details
Current Legal Form: Public Joint Stock Company
Registration
Address:
178, Saadi Boulevard
Esfahan Industrial Area
Esfahan
Iran
Registration Number: 7841
Established
Date: 16/08/1993
Registration
Date: 16/08/1993
Registration
Town: Esfahan
National Code
ID: 10260289464
Capital
Nominal
Capital: 25,800,000,000,000 Iranian Rials
Share No:
25,800,000,000
Share Value: 1000
Iranian Rials
shareholders
Parent Co:
National Iranian Steel Corporation
Name:
Mr. Mohammad Ali Yazdan Jou
Position within the company: Chairman
Country of Birth: Iran
Nationality:
Iranian
Can fluently speak: English, Persian
Name:
Mr. Houshang Omrani
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: English, Persian
Name:
Mr. Mohammad Rajaei
Position within the company: Office Manager
Country of Birth: Iran
Nationality:
Iranian
Can fluently speak: English, Persian
Name:
Mr.
Mohammad MAsoud Samienejad
Position within the company: CEO
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: English, Persian
Activations
Esfahan's Mobarakeh Steel Company produces
steel in the Islamic Republic of Iran. Its products include hot and cold rolled
sheets and coils, pickled coils, narrow strip coils, tinplate sheets and coils,
galvanized coils, prepainted coils and slabs, hot-dip zink-couted steel sheets
and coils, and prepainted hot-dip zink-couted steel sheets and coils. The
company’s products are used in various industries, such as automotive, home
appliances, pipe making, pressure vessels, foodstuff, chemical material and
medicinal packing, constructional, metal, transportation, naval, and heavy
metal equipment.
Total Production Capacity: 830,000 tons of steel products per year
Brand: Esfahan Steel
Factories and Plants:75 K.M., Southwest of
Esfahan , Iran
Operation
Company Employs: 285
Sales: %50
Nationality, 50% Internationally
Sales to: General Public,
Companies Group
Sales Term: Cash, Letters of Credit
Vehicles: 42
Hq premises
Operates Form: Owned:
Office, Factory
Location: Business
Area, Main Rd
Bankers
Saderat Bank
Financial
The subject declined it.
Imports
Imports From: Europe
Importing Terms: Letters of Credit
Import % and type of product: 10% Finished Goods
exports
Exports To: Worldwide
Exporting Terms: Letters of Credit
Export % and type of product: 50% Finished Goods
Related companies
Sister companies:
|
Al-Mahdi
Aluminum Company |
Iran |
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Ehdas
Sanat Company [ESC] |
Iran |
|
Iran |
|
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Iranian
Minerals Production and Supply Company [IMPASCO] |
Iran |
|
Iran |
|
|
Mining
Investment Insurance Corporation |
Iran |
|
Ministry
of Industries and Mines Institute for Training and Research |
Iran |
|
Mobarakeh
Steel Company [MSC] |
Iran |
|
Iran |
|
|
Iran |
|
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Persian
Gulf Mining and Metal Industries Special Zone [PGSEZ] |
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Payments
Subject's payments reported to be: NO COMPLAINT
Interview & reporter
Reporter Comment Date: 17/11/11
Name/Title: Mrs. Naghmeh Arbabi- Office
Manager
Subject refused to cooperate with us.
Note: the address which you provided is the
address of the factory of the company.
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 280,000
NEWS:
Source: Businessweek
Iran
Considers Divesting Stake In National Iranian Copper And Esfahan's Mobarakeh
Steel
02/21/2011
Iranian Privatization
Organization is considering divesting the shares of National Iranian Copper
Industries Company and Esfahan's Mobarakeh Steel Company. The offering will
begin from February 26, 2011 through the Tehran Stock Exchange. A total of
107,348,425 shares of National Iranian Copper Industries and 790,000,000 of
Esfahan's Mobarakeh Steel Company will be divested. Deposit for Participating
in Tender for National Iranian Copper Industries is IRR 38,806,455,638 and for
Esfahan's Mobarakeh Steel Company is IRR 110,442,000,000.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.72 |
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UK Pound |
1 |
Rs.79.88 |
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Euro |
1 |
Rs.68.64 |
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 |
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NB |
New Business |
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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.