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Report Date : |
09.12.2013 |
IDENTIFICATION DETAILS
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Name : |
FANAVARAN MASIR SAMANEH COMPANY |
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Registered Office : |
Unite3, No.35, Nakisa Alley, Hossieni St, Takhti Sq, Beheshti Ave Tehran |
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Country : |
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Date of Incorporation : |
21.02.2008 |
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Com. Reg. No.: |
316801 |
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Legal Form : |
Private Joint
Stock |
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Line of Business : |
Supplier of computer accessories, hardware and software. |
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No. of Employees : |
15 |
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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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 – 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 |
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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 |
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: FANAVARAN MASIR SAMANEH COMPANY
Also Trade as: ebNETWAY
Address: Unite3, No.35, Nakisa Alley, Hossieni St, Takhti Sq, Beheshti Ave
Tehran
Tel: + 98 21 88500244, 88514851
Fax: + 98 21 88500243
Website: www.masirsamaneh.ir, www.ebnetway.ir
E-mail: support@ebnetway.ir , mahmoodb@ebnetway.com
Company was originally started as an on 2008
History:
Pervious Address: Unit 1, #24, 4th Alley, Pakistan St. Shahid
Beheshti Ave, Tehran, Iran
Date of Change: 16/07/2011
Current Legal Form: Private Joint Stock
Registration
Address: Unite3, No.35, Nakisa Alley, Hossieni
St,
Takhti
Sq, Beheshti Ave
Tehran
IRAN
Registration Number: 316801
Registration Date: 21/02/2008
Registration Town: Tehran
National id: 10103535509
Capital: 1,000,000,000
Shareholders:
|
Shareholder Name |
Share % |
|
Mrs. Fatemeh Shafaie Iran |
40% |
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Mr. Ali Parvaresh Iran |
20% |
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Mrs. Noshin
Naderi Iran |
40% |
Name: Mrs. Fatemeh Shafaie
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Ali Parvaresh
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mrs. Noshin Naderi
Position within the company: Managing Director& Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Mahmood
Position within the company: Commercial Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Supplier of computer accessories, hardware and software.
Local Reporters consider the investigated company to be Medium in their field of concern
Company Employs: 15
Sales: 100%
Nationally
Sales to: Group companies, General Public
Sales Term: Cash, Bank
Transfer, accept credit, Letter of credit
Vehicles: 3
Agent: DELL
Operates Form: Owned: Office, Warehouse
Location: Central Business Area, Main Road,
Branch:
Bank Mellat
Iran
Information Financial is not available/applicable
Imports From: Canada,
China, South Korea
Importing Terms: Bank Transfer
Import % and type of product: 100% Finished Goods
Export % and type of product: Subject does not export
Auditor: Mrs. Sara Mosavi Gonloie
Solicitor: Mrs. Fatemeh Shafie
Fijani
Subject's payments reported to be: NO COMPLAINTS
Note:
The register name of company
is Fanavaran Masir Samaneh Company
ebNETWAY is the Trade name of company.
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.61.67 |
|
UK Pound |
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.84.25 |
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 |
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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 |
|
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 |
|
<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.