|
Report Date : |
05.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
MEHR ARIAN DAROO COMPANY |
|
|
|
|
Registered Office : |
No.431, Southern Karegar St, Industrial Town Baghe Hoze Shiraz Shiraz 7175813718 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
02.05.2010 |
|
|
|
|
Com. Reg. No.: |
32065 |
|
|
|
|
Legal Form : |
Private Joint Stock |
|
|
|
|
Line of Business : |
Importing of agricultural, animal feed product, complementary medicine, and veterinary supplements. |
|
|
|
|
No. of Employees : |
15 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
|
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: Mehr Arian Daroo Company
Persian Name: شرکت
مهر آرين دارو
Address: No.431,
Southern Karegar St, Industrial Town
Baghe
Hoze Shiraz
Shiraz 7175813718
Tel: + 98 711 8392975
Fax: + 98 711 8392975
Website:
E-mail: parsianvet@yahoo.com
Company was originally started as an
on 02/05/2010
History:
Pervious Address: No.13, Sepehr Complex, 5th Alley,
Daneshjo Blvd, Shiraz, Iran
Date of Change: 08/09/2011
Current Legal Form: Private Joint Stock
Registration Address: Southern Karegar St,
Industrial Town
Shiraz
IRAN
Registration Number: 32065
Established Date: 02/05/2010
Registration Date: 02/05/2010
Registration Town: Tehran
National Id: 10530442119
Currency: Iranian Riyals
Nominal capital: 500,000,000
|
Number of Shares: 500,000 |
Type of Shares: None Selected |
|
Issued Shares: - |
Value per share: 1000 |
Shareholders:
|
Shareholder Name |
Share % |
|
Mr. Sadrollah Dehghan (Family) Iran |
70% |
|
Mrs. Anahita Shaer Iran |
30% |
Name: Mr. Sadrollah
Dehghan
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mrs. Anahita Shaer
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Rohollah Dehghan
Position within the company: Managing Director& Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Importing of agricultural, animal feed product, complementary medicine,
and veterinary supplements.
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:
4
Operates Form: Owned: Office, Warehouse
Location: Central Business Area, Main Road,
Bank Tejarat
Shiraz
Iran
Bank Pasargad
Shiraz
Iran
Information Financial is not available/applicable
Imports From: Europe
Importing Terms: Bank Transfer
Import % and type of product: 50% Finished Goods
Export % and type of product: Subject does not export
Auditor:
Mr. Gholam Hasan Mohammadi Maharloie
Solicitor:
Mr. Shahram Sharafi
Subject's payments reported to be: NO COMPLAINTS
Name/Title: Mr. Sadrollah
Dehghan -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: Under 5 Years Business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.09 |
|
|
1 |
Rs.91.58 |
|
Euro |
1 |
Rs.78.08 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.