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Report Date : |
05.12.2013 |
IDENTIFICATION DETAILS
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Name : |
MEYAR FAN KALA IRANIAN COMPANY |
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Registered Office : |
Unite 14, fourth floor, No. 28/1, Bakhshayesh Street Sarv
Gharbie Boulevard Tehran |
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Country : |
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Date of Incorporation : |
18.07.2008 |
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Com. Reg. No.: |
322069 |
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Legal Form : |
Private Joint
Stock |
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Line of Business : |
Subject involved in construction, design industrial
projects |
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No. of Employees : |
18 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Iran |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 a large share 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, some manufacturing, 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 Majles 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 legislation
sought to 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. However, inflation in 2012 reached its highest
level in four years, eroding the value of these cash payouts and motivating the
Majles to halt planned price increases for the second half of 2012 through at
least March 2013. New fiscal and monetary constraints on Tehran, following
international sanctions in January against Iran''s Central Bank and oil
exports, significantly reduced Iran''s oil revenue, forced government spending
cuts, and fueled a 20% currency depreciation. Economic growth turned negative
for the first time in two decades. 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: MEYAR FAN KALA IRANIAN COMPANY
Also trade as: MEFKA Co
Address: Unite 14, fourth floor, No. 28/1, Bakhshayesh Street
Sarv Gharbie Boulevard
Tehran 1998884335
Tel: + 98 21 22369035, 22369571, 44088857,
Fax: + 98 21 55484189
Website: www.mefka.com
(Under Construction)
E-mail: hr.abdollahi@mefka.com , hr.abodollahi@gmail.com
Company was originally started as an on 2008
History
Previous Legal: Limited Liability Co
Date of Change: 12/010/2010
Current Legal Form: Private Joint Stock
Registration Address: Unite 14, fourth floor, No. 14, Bakhshayesh Street
Sarv Gharbie Boulevard
Tehran
IRAN
Registration Number: 322069
Registration Date: 18/07/2008
Registration Town: Tehran
National Id: 10103608918
Capital: 1,000,000,000 Iranian Riyals
Shareholders:
|
Shareholder Name |
Share % |
|
Mr. Mohammad Hossien Moazedi Iran |
40% |
|
Mrs. Mahboube Vakili Iran |
15% |
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Mr. Hamidreza
Abdollahi Iran |
35% |
|
Mr.
Bijan Moeini Iran |
10% |
Name: Mr.
Mohammad Hossien Moazedi
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mrs. Mahboube Vakili
Position within the company: Vice Chairman
Country of Birth: ran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Hamidreza Abdollahi
Position within the company: Managing Director& Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Bijan Moeini
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
The subject involved in construction, design industrial
projects.
Local Reporters consider the investigated company to be Medium in their field of concern
Company Employs: 18
Sales: 100%
Nationally
Sales to: Group companies, General Public
Sales Term: Cash, Bank Transfer, accept credit,
Letter of credit
Vehicles: 4
Operates Form: Owned: Office, Warehouse
Location: Central Business Area, Main Road,
Bank Pasragad
Tehran
Iran
Bank Saderat
Tehran
Iran
Information Financial is not available/applicable
Import % and type of product: 10%- Finished goods
Import from: China, India
Export % and type of product: Subject does not export
Auditor: Behrouzan Management service
organization
Solicitor: Mrs. Farideh
Khoshgomalayeri
Subject's payments reported to be: NO COMPLAINTS
Name/Title: Mr.Ali Ghanbari- Manager
Subject has confirmed the general details provided in the report.
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.62.33 |
|
|
1 |
Rs.102.18 |
|
Euro |
1 |
Rs.84.68 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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 |
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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 |
|
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.