|
Report Date : |
10.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
RASHIDIAN INDUSTRIAL AUTOMATION & COMMERCIAL
CO LTD |
|
|
|
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Registered Office : |
No. 100 – Suite 7 – Keshavarz Blvd, Tehran |
|
|
|
|
Country : |
Iran |
|
|
|
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Date of Incorporation : |
15.02.1975 |
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|
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Com. Reg. No.: |
246410 |
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|
|
|
Legal Form : |
Private Joint
Stock |
|
|
|
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Line of Business : |
Supplier of
industrial equipments for heavy industries |
|
|
|
|
No. of Employees : |
12 |
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 |
|
Litigation : |
-- |
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 |
|
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 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: RASHIDIAN
INDUSTRIAL AUTOMATION & COMMERCIAL CO LTD
Also trade as: R.I.C.C
Address: No. 100 – Suite 7 – Keshavarz Blvd
Tehran 1416693453
Tel: + 98 21 88965792-6
Fax: + 98 21 88969245
Website: www.ricc.ir
E-mail: info@ricc.ir
Company was originally started as an
on 1975
History
Pervious Legal: Limited Liability Co
Date of Change: 12/04/2010
Current Legal Form: Private Joint Stock
Registration Address: No. 100 – Suite 7 – Keshavarz Blvd
Tehran
IRAN
Registration Number: 246410
Registration Date: 15/02/1975
Registration Town: Tehran
National Id: 10103114518
Capital: 2,000,000,000
Shareholders:
|
Shareholder Name |
Share % |
|
Mr. Mohammad Reza Rashidian Family Iran |
85% |
|
Mrs. Fatemeh
Haji Aliyan Iran |
15% |
Name: Mr. Mohammad Reza
Rashidian
Position within the company: Chairman& Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Ali Reshidian
Position within the company: Vice
Chairman&
Member
Country of Birth: Iran
Nationality:
Iranian
Can fluently speak: Farsi- English
Name: Mrs. Fatemeh Haji Aliyan
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Supplier of
industrial equipments for heavy industries.
Local Reporters consider the investigated company to be Medium in their field of concern
Company Employs: 12
Sales: 100% Nationally
Sales to: Group companies, General Public
Sales Term: Cash, Bank Transfer, accept
credit, Letter of credit
Vehicles: 5
Operates Form:
Owned: Offices, Warehouses
Location: Central
Business Area, Main Road,
Branch:
Suite 9, 3rd Floor, Melika Building
East Nazar St, Esfahan, Iran
Tel: 0311-6266536
Bank Saderat
Tehran
Iran
Information Financial is not available/applicable
Imports From: Germany, USA,
China
Importing Terms: Bank Transfer
Import % and type of product: 60%
Finished Goods
Export % and type of product: Subject does not export
Auditor: Daghigh Pazhohan Argham Financial
Organization
Solicitor: Mohsen Vakili Taleghani
Subject's payments reported to be: NO COMPLAINTS
Name/Title: Mr. Ali Reshidian – Vice Chairman
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 family business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.18 |
|
|
1 |
Rs.100.01 |
|
Euro |
1 |
Rs.83.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.