|
Report Date : |
08.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
REEZ MOUJ SYSTEM COMPANY |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
25.06.1993 |
|
|
|
|
Com. Reg. No.: |
60242 |
|
|
|
|
Legal Form : |
Private Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of CD-R, dvd+/-R, Pre-
recorded& CDs and DVDs framed and different kinds of Silk printing&
offset printing. |
|
|
|
|
No. of Employees : |
220 |
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 |
|
Payment Behaviour : |
No complaints |
|
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 |
Reference No: 240750
Company Name: Reez
Mouj System Company
Farsi Name: شرکت ریزموج
سیستم
Address: No. 161 Somayeh St. Between Mofateh St,and
Forsat St
Somayeh Ave
Tehran 1581759399
Iran
Telephone: +98
21 82390, 88828321, 88841328, 80801531
Fax: + 98 21 88328725-26
Website: www.reezmouj.com
E-mail: info@reezmouj.com, info@medisk.com, paria.alizadeh@reezmouj.com
Current Legal
Form: Private Joint Stock Company
Registration Address: No. 161 Somayeh St. Between Mofateh St,and
Forsat St ,
Somayeh Ave
Tehran
Iran
Start Date: 25/06/1993
Registration
Number: 60242
Registration Date: 25/06/1993
Registration Town: Tehran
National Code ID: 10101346135
Note:
Former Legal address
The former address
number of the company was 95 in 09/03/2010 in the same address.
Currency: Iranian
Rials
Nominal capital: 350,000,000,000
|
Number of Shares:
350,000 |
Type of Shares: |
|
Issued Shares: |
Value per share: 1,000,000 |
|
Shareholder Names |
% of
Voting/Non-Voting Capital |
|
Taheri (Family) |
75% |
|
Mr. Mohammad Reza
Mashallahi |
25% |
Name: Mr. Mohammad Hossein Taheri
Position within the
company: Chairman& Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi- English
National Code ID:
Name:
Mr. Amir Masoud Taheri
Position within the
company: Vice
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Name: Mr. Mohammad Reza Mashallahi
Position within the
company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi- English
National Code ID:
Manufacture of CD-R, dvd+/-R, Pre-
recorded& CDs and DVDs framed and different kinds of Silk printing&
offset printing.
Branch:
Poroujeh Medisk, Abhar Road 10km ( Zanjan-
Takestan Road ), Takestan
Ghazvin
Iran
Premised: Owned, Factory
Tel: + 98 282 5392973-7
Fax: + 98 282 5623725
Local Reporters consider the investigated company to be
Large in their field of concern.
Company Employs: 220
Operates from: Owned, Office, Warehouses
Location: Central Business Area, Main Road
Imports : Finished Goods
Import%: 45%
Import from: Europe, Italy, Germany
Import terms: letters of credit
Additional: Balance of 75 % purchased via local market
Exports to: Afghanistan, Turkey, UAE, India
Exporting Terms: Bank Transfer
Export % and type of
product: 10% Finished Good
Territory: 90 % Nationality – 10%
Internationally
Type of Customer: Group Companies, Retailers, Public
People
Terms of sales: letters of credit
Vehicles: Total number of vehicles:
20
Zarin Mouj Resaneh Company
(Affiliated Company)
Reez Mouj Shabakeh Rah Sheri
(Affiliated Company)
Film Producers Guild of Iran
(Affiliated Company)
Noorozahra Institute(Affiliated
Company)
Sazman Farhang va Ertebat Eslami
(Affiliated Company)
Vezarat Farhang va Ershad Eslami (Affiliated Company)
Bank Refah
Branch: Mostaghil
Pardis
Tehran, Iran
Solicitor: Mr.
Reza Shahroukhi (National Code
ID: 3979212174)
Auditors: Adad Ara
Auditing Institute (National Code ID:10100529345)
Subject's payments reported to be: Non- Complaint
Name/Title: Mr. Mohammad Hossein Taheri - Managing Director
He confirmed it.
Note:
Imported Brands: FINAL brand, Slim brand.
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 Family Business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.57 |
|
|
1 |
Rs.100.62 |
|
Euro |
1 |
Rs.84.62 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.