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Report Date : |
31.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
DASTPOKHT MADARBOZORG COMPANY |
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Registered Office : |
No.7, |
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Country : |
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Date of Incorporation : |
05.08.2003 |
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Com. Reg. No.: |
215612 |
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Legal Form : |
Private Joint Stock
Company
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Line of Business : |
Manufacturer of foodstuffs & fish can |
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No. of Employees : |
88 employees |
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 |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Iran |
A2 |
A2 |
|
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: Dastpokht Madarbozorg Company
Farsi Name: شرکتدستپختمادربزرگ
Address: No.7,
Safaeiye St Hesabi St Tehran, Iran
Telephone: -
Fax: -
Website: -
E-mail: info@madarbozordg.ir
Current Legal Form: Private Joint Stock Company
Registration Address: No.7,
Registration Number: 215612
Registration Date: 05/08/2003
Registration Town: Tehran
Currency: Iranian Rials
Nominal capital: 100,000,000,000
|
Number of Shares: 10,000,000 |
Type of Shares: |
|
Issued Shares: |
Value per share: 10,000 |
|
Shareholder Names |
% of Voting/Non-Voting Capital |
|
Mr. Komeil Zahed |
10% |
|
Mr. Abbas Zahed |
60% |
|
Mr. Hamidreza Zahed |
30% |
Name: Mr. Komeil Zahe
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Abbas Zahed
Position within the company:
Chairman, Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Hamidreza Zahed
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Manufacture of foodstuffs & fish can.
Brand: Madarbozorg
Employs
Company Employs: 88
Operates from: Owned, Offices, Warehouses, Work
shop, Factory
Location: Central Business
Area, Main Road
Imports : Finished
Goods
Import%: 30%
Import from: Germany,
Far East
Import terms: letters of credit
Additional: Balance
of70 % purchased via local market
It doesn’t any export.
Territory: 100 %
Nationality
Type of Customer: Group Companies, Retailers, Public People
Terms of sales: letters of credit
Vehicles: Total number of vehicles:
12
It doesn’t have any related companies.
Tejarat Bank
Solicitor: Mr.
Hussein Forourehchei
Auditors: Ms. Shahin Haji Mohammadi
Subject's payments reported to be: Non- Complaint
All of the report is based on the Iran Registry, we
didn’t find any telephone numbers of the company for further investigations.
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 Family
Business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.17 |
|
UK Pound |
1 |
Rs.86.83 |
|
Euro |
1 |
Rs.69.85 |
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.