|
Report Date : |
08.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
SANAYE BASPAR MAHSHAHR |
|
|
|
|
Registered Office : |
3 Faz Industrial City, Mahshar,
Ahwaz |
|
|
|
|
Country : |
Iran |
|
|
|
|
Date of Incorporation : |
10.06.2004 |
|
|
|
|
Com. Reg. No.: |
18697 |
|
|
|
|
Legal Form : |
Private Joint
Stock Company |
|
|
|
|
Line of Business : |
Supplier of plastic product and plastic granules, plastic processing machineries such as: polyethylene wax, recycle flake pet |
|
|
|
|
No. of Employees : |
30 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 and an inefficient state sector, which create major distortions throughout the system, and reliance on oil, which provides the majority of government revenues. Price controls, subsidies, and other rigidities weigh down the economy, undermining the potential for private-sector-led growth. Private sector activity is typically limited to small-scale workshops, farming, and services. Significant informal market activity flourishes and corruption is widespread. Tehran since the early 1990s has recognized the need to reduce these inefficiencies, and in December 2010 the legislature passed President Mahmud AHMADI-NEJAD's Targeted Subsidies Law (TSL) to reduce state subsidies on food and energy. This was the most extensive economic reform since the government implemented gasoline rationing in 2007. Over a five-year period the bill will phase out subsidies that previously cost Tehran $60-$100 billion annually and mostly benefited Iran's upper and middle classes. Cash payouts of $45 per person to more than 90% of Iranian households mitigated initial widespread resistance to the TSL program, though popular acceptance remains vulnerable to rising inflation. A rise in world oil prices in 2011 increased Iran's oil export revenue by roughly $28 billion over 2010, easing some of the financial impact of international sanctions. However, expansionary fiscal and monetary policies, government mismanagement, the sanctions, and a depreciating currency are fueling inflation, and GDP growth remains stagnant. Iran also continues to suffer from double-digit unemployment and underemployment. Underemployment among Iran''s educated youth has convinced many to seek jobs overseas, resulting in a significant "brain drain.
|
Source : CIA |
Company Name: Sanaye
Baspar Mahshahr
Address: #76,
Moosakalantari.St, Vila Ave.
Tehran
1434663751
Tel: + 98 21 8806161, 612 3332856
Fax: + 98 21 8806161
Website: -
E-mail: sanaye-baspar@hotmail.com
Company was originally started as a
on 10/06/2004
Current Legal Form: Private Joint Stock
Registration Address: 3 Faz Industrial
City,
Mahshar,
Ahwaz
IRAN
Registration Number: 18697
Established Date: 10/06/2004
Registration Date: 10/06/2004
Registration Town: Ahwaz
Currency: Iranian
Riyals
Nominal capital: 500,000,000
|
Number of Shares: 50000 |
Type of Shares: None Selected |
|
Issued Shares: - |
Value per share: 10000 |
Shareholders:
|
Shareholder Name |
Share % |
|
Mr. Mohammad Ali Farzam Iran |
40% |
|
Mr. Abu Hesam Abouie Mehrizi Iran |
30% |
|
Mr. Amir
Hossien Shalchi Iran |
20% |
|
Mr. Siyamak
Niri Iran |
10% |
Name: Mr. Mohammad Ali
Farzam
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Abu Hesam Abouie
Mehrizi
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Amir Hossien Shalchi
Position within the company: Manager Director& Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Siyamak
Niri
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Reza
Pishgam
Position within the company: Sales Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Supplier of plastic product and plastic
granules, plastic
processing machineries such as: polyethylene wax, recycle flake pet.
Local Reporters consider the investigated company to be Medium in their field of concern
Company Employs: 30
Sales: 100%
Nationall
Sales to: Group companies, General Public
Sales Term: Cash, Bank Transfer, accept credit, Letter of credit
Vehicles:
10
Operates Form: Rented: Offices, Warehouses, and workshop
Location: Central
Business Area, Main Road,
Bank Melli
Iran
Bank Saderat
Iran
Information Financial is not available/applicable
Imports From:
China,
Dubai
Importing Terms: Bank Transfer
Import % and type of product: 80% Finished Goods
Export % and type of product: Subject does not export
Auditor: Mr. Abasali Kazemi
Solicitor:
Mrs. Nazli Azaryar
Subject's payments reported to be: NO COMPLAINTS
Reporter Comment Date: 08/10/2012
Name/Title: Mr. Reza Pishgam (Sales Manager)
Subject has confirmed the general details provided in the report.
Reporter Comment:
In the interview conducted with, Mr. Reza Pishgam (Sales Manager., he declined bank account numbers and financial details citing the grounds of company confidentiality.
Local Reputation:
The company being investigated is considered by local reporters to be a Medium
Trade Risk
Local informants consider granting of credit to be a fair trade risk
Owner/Shareholders Comments: Some of the owners / shareholders have an active participation in the running of the business.
Age of Business: Old business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.62 |
|
UK Pound |
1 |
Rs.83.57 |
|
Euro |
1 |
Rs.67.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.