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Report Date : |
15.06.2013 |
IDENTIFICATION DETAILS
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Name : |
KHOUZESTAN STEEL
COMPANY |
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Registered Office : |
10th Km of Ahvaz Bandar-e Imam Khomeini Road, Ahvaz 61397-31398 P.O Box: 1378 |
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Country : |
Iran |
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Date of Incorporation : |
03.04.1988 |
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Com. Reg. No.: |
3199 |
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Legal Form : |
Public Joint Stock Company. |
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Line of Business : |
Manufacturer of Copabilities producer various types of carbonzet steel Such as: Low Carbon, Mid Carbon, Generation Shamash and amble Follady Such as: Slab,Bloom, Billet, etc.. |
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No. of Employees : |
3500 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Insignificant |
A1 |
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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: Khouzestan Steel
Company.
Farsi Name: شرکت فولاد
خوزستان
Address: 10th Km of
Ahvaz Bandar-e Imam Khomeini Road,
Ahvaz 61397-31398 P.O Box:
1378
Iran
Telephone: +98 611, 2278900-14,
29- 2708000, 2278750-3, 22708338
Fax: +98 611, 2278954,
2278956, 22708331, 22708080-2
Website: www.ksc.ir
E-mail: info@ksc.ir
Current
Legal Form: Public joint Stock Company.
Registration
Address:
10th Km of Ahvaz Bandar-e Imam Khomeini Road,
Ahvaz 61335 P.O Box:
61397-31398
Iran
Note:
Former Legal Form
Private Joint Stock Company.
Date of change: 14/08/2006
Start Date: 03/04/1988
Registration Number: 3199
Registration Date: 03/04/1988
Registration Town: Ahvaz
National Code ID: 10101138294
Currency:
Iranian
Rials
Nominal capital: 219,200,000,000
|
Number of Shares: 219,200,000 |
Type of Shares: |
|
Issued Shares: |
Value per share: 1,000 |
|
Shareholder Names |
% of Voting/Non-Voting Capital |
|
Arrows Edalat |
60% |
|
Abdol Majid Sharifi |
40% |
Name: Mr. Esraphel Ahmadieh
Khaneh Sar
Position within the company:
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Name: Mr. Abdol Majid Sharifi
Position within the company:
Vice Chairman& Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Name: Mr. Ali Asghar Mashhadi Zadeh Position within the company: Admin Economic and financial
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Name: Mr. Ali Jahanben
Position within the company:
Public Accountant Manager
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
National Code ID:
Name: Mr. Behrouz Hosseini Far Position within the company: Admin Planning and
Development
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Name: Mr. Mohammad Taher Ahmadeyan
Baghbadrani Position within the company: Admin Planning and
Development
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Seyed Mohammad Reza Najmosadat Position within the company: Member
of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Name: Mr. Hasan Shikhneya Position within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Mohammad Kazemi Khaledi
Position
within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Jafar Noori Mosa Position within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Ali Reza Rashedi
Position
within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Masoud Sameei Nejad Position within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Khoda Morad Ahmadi Falhi
Position
within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Mohammad Rahim Rasti
Position within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Adel Atar
Position
within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr.Abdol Rahman Solemani Dehkordi
Position within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Saeid Atash Kari Position within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Name: Mr. Abdol Reza Rasoli
Position
within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Name: Mr. Mahdi Ghasemi
Position within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Name: Mr. Abbas Verdi Nejad
Position within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Name: Mr. Mohammad Koros Nejad
Position
within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Name: Mr. Abdol Karim Fatehi
Position within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Name: Mr. Ali Saei
Position within the company: Public relations
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Manufacturer of Copabilities producer various types of carbonzet
steel Such as: Low
Carbon, Mid Carbon,
Generation Shamash and amble Follady Such as:
Slab,Bloom, Billet, etc..
Local Reporters consider the investigated company to be
Large in their field of concern.
Note: Trade Name of the Subject is KSC.
Branch:
|
Internal Branch:
|
Mianneh Steel Company. |
Southern Tower, 2nd flr.,National Iranian Steel Co. Bldg.,Opp. Esteghlal
Cinema
After
Vali-e Asr Sq
Tehran,
Iran
Tel: +98 21 88913399, 88913377
Fax: +98 21 88913400
Premised:
Owned- Office
Sales deptartment:
Tel: +98 611 227 89 70
Fax: +98 611 227 89 73
E-Mail: sales@ksc.ir
Public Relations:
Telefax: +98 611 2278960, 63
E-Mail: publicrelations@ksc.ir
Webmaster:
Tel: +98 611
2278767
Fax: +98 611 2278766
E-Mail: webmaster@ksc.ir
Employees
Company Employs: (total in the group): More than
1000
(total in the
company): 3500
HQ Premises
Operates from: Owned, Offices, Warehouses,
Factories
Location:
Central Business Area, Main Road
Imports
Imports: Finished Goods
Import%: 20 %
Import from: Europe, Russia, Central Asian states
Import terms: letters of credit
Additional: Balance of 80 % purchased via local
market
Export
Export : Finished Goods
Export %: 15%
Export from: Far East
Territory: 100 %
Nationality
Type of Customer: Group Companies, Retailers, Wholesalers.
Terms of sales: letters of credit
Vehicles: Total number of vehicles:
45
Name: Edeh Pardazan Steel Industry. (Affiliated)
Name: Khouzestan Steel Club Soccer. (Affiliated)
Bank Meli
Branch:
Solicitor:
-
Auditors:
Auditing Audit Organization
Subject's payments reported to be:
Non- Complaint
Name/Title: Mr. Abdol Majid Sharifi - Managing Director
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 Business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.74 |
|
|
1 |
Rs.90.64 |
|
Euro |
1 |
Rs.77.02 |
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 |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.