MIRA INFORM REPORT

Report Date :

27.07.2012

IDENTIFICATION DETAILS

Name :	KHOUZESTAN STEEL COMPANY.
Registered Office :	10th Km of Ahvaz Bandar-e Imam Khomeini Road, Ahvaz 61397-31398 P.O Box: 1378
Country :	Iran
Date of Incorporation :	03.04.1988
Com. Reg. No.:	3199
Legal Form :	Public joint Stock Company.
Line of Business :	Manufacturer of various types of carbonzet steel , Low Carbon, Mid Carbon, Generation Shamash.
No. of Employees :	3500

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 31^st, 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: Khouzestan Steel Company.

Farsi Name: شرکت فولاد خوزستان

Address: 10th Km of Ahvaz Bandar-e Imam Khomeini Road,

Ahvaz 61397-31398 P.O Box: 1378

Iran

Telephone: +98 611, 2278900-14, 29- 2708000, 2278750-3, 22708338

Fax: +98 611, 2278954, 2278956, 22708331, 22708080-2

Website: www.ksc.ir

E-mail: info@ksc.ir

History

Note:

Former Legal Form

Private Joint Stock Company.

Date of change: 14/08/2006

Registration & Legal Details

Current Legal Form: Public joint Stock Company.

Registration Address: 10th Km of Ahvaz Bandar-e Imam Khomeini Road,

Ahvaz 61335 P.O Box: 61397-31398

Iran

Start Date: 03/04/1988

Registration Number: 3199

Registration Date: 03/04/1988

Registration Town: Ahvaz

National Code ID: 10101138294

Capital

Currency: Iranian Rials

Nominal capital: 219,200,000,000

Number of Shares: 219,200,000	Type of Shares:
Issued Shares:	Value per share: 1,000

Shareholders

Shareholder Names	% of Voting/Non-Voting Capital
Arrows Edalat	60%
Abdol Majid Sharifi	40%

Principals

Name: Mr. Esraphel Ahmadieh Khaneh Sar

Position within the company: Chairman

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID:

Name: Mr. Abdol Majid Sharifi

Position within the company: Vice Chairman& Managing Director

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID:

Name: Mr. Ali Asghar Mashhadi Zadeh Position within the company: Admin Economic and financial

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID:

Name: Mr. Ali Jahanben

Position within the company: Public Accountant Manager

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID:

Name: Mr. Behrouz Hosseini Far Position within the company: Admin Planning and Development

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID:

Name: Mr. Mohammad Taher Ahmadeyan Baghbadrani Position within the company: Admin Planning and Development

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

Name: Mr. Seyed Mohammad Reza Najmosadat Position within the company: Member

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID:

Name: Mr. Hasan Shikhneya Position within the company: Member

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

Name: Mr. Mohammad Kazemi Khaledi Position within the company: Member

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

Name: Mr. Jafar Noori Mosa Position within the company: Member

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

Name: Mr. Ali Reza Rashedi Position within the company: Member

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

Name: Mr. Masoud Sameei Nejad Position within the company: Member

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

Name: Mr. Khoda Morad Ahmadi Falhi Position within the company: Member

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

Name: Mr. Mohammad Rahim Rasti Position within the company: Member

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

Name: Mr. Adel Atar Position within the company: Member

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

Name: Mr.Abdol Rahman Solemani Dehkordi Position within the company: Member

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

Name: Mr. Saeid Atash Kari Position within the company: Member

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID:

Name: Mr. Abdol Reza Rasoli Position within the company: Member

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID:

Name: Mr. Mahdi Ghasemi

Position within the company: Member

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID:

Name: Mr. Abbas Verdi Nejad

Position within the company: Member

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID:

Name: Mr. Mohammad Koros Nejad Position within the company: Member

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID:

Name: Mr. Abdol Karim Fatehi Position within the company: Member

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID:

Name: Mr. Ali Saei

Position within the company: Public relations Manager

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID:

Company Activities

Manufacturer of various types of carbonzet steel , Low Carbon, Mid Carbon, Generation Shamash.

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

Note: Trade Name of the Subject is KSC.

Divisions:

Sales deptartment:

Tel: +98 611 227 89 70

Fax: +98 611 227 89 73

E-Mail: sales@ksc.ir

Public Relations:

Telefax: +98 611 2278960, 63

E-Mail: publicrelations@ksc.ir

Webmaster:

Tel: +98 611 2278767

Fax: +98 611 2278766

E-Mail: webmaster@ksc.ir

Operations

Employees

Company Employs: (total in the group): More than 1000

(total in the company): 3500

HQ Premises

Operates from: Owned, Offices, Warehouses, Factories

Location: Central Business Area, Main Road

Imports

Imports: Finished Goods

Import%: 20 %

Import from: India, Malaysia

Import terms: letters of credit

Additional: Balance of 80 % purchased via local market

Export

Export : Finished Goods

Export %: 10%

Export from: Far East

Trading & Selling

Territory: 90 % Nationality, 10% Unternational

Type of Customer: Group Companies, Retailers, Wholesalers.

Terms of sales: letters of credit

Vehicles: Total number of vehicles: 45

Related Companies

Related companies:

Edeh Pardazan Steel Industry, Iran

Khouzestan Steel Club Soccer , Iran

Mianneh Steel Company.

Iran

Banks

Bank Saderat

Financial Information

Solicitor: -

Auditors: Auditing Organization of Iran

Payments

Subject's payments reported to be: No Complaint

interview & reporter comments

Name/Title: Mr. Abdol Majid Sharifi - 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.55.95
UK Pound	1	Rs.86.56
Euro	1	Rs.67.95

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.