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Report Date : |
18.11.2013 |
IDENTIFICATION DETAILS
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Name : |
BANDAR ABBAS TIAB MINERALS COMMERCIAL COMPANY |
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Registered Office : |
Suite N. 23, 7th Floor, 242 Ferdows Building, molla Sadrea Ave, Tehran
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Country : |
Iran |
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Date of Incorporation : |
25.06.1999 |
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Com. Reg. No.: |
155932 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Subject is trading in mineral products |
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No. of Employees : |
13 |
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 |
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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: Bandar Abbas Tiab Minerals Commercial Company
Also Known as: Tiab Minerals Commercial Company
Address: Suite N. 23, 7th Floor, 242 Ferdows Building, molla
Sadrea Ave
Tehran, Iran
Telephone: +98 21 88065165, 88065166, 88065178,
88065179
Fax: + 98 21 88065164
Website: www.reezmouj.com
E-mail: a.behnam@tiabco.com
Current Legal Form : Private Joint Stock Company
Registration Address : Suite N. 23, 7th Floor, 242 Ferdows Building,
molla Sadrea Ave, Tehran, Iran
Start Date : 25/06/1999
Registration Number : 155932
Registration Date : 25/06/1999
Registration Town : Tehran
National Code ID : 10101986792
Currency: Iranian
Rials
Nominal capital: 1,000,000,000
Paid Up Capital: 1,000,000,000
|
Number of Shares: 100,000 |
Type of Shares: |
|
Issued Shares: |
Value per share: 10,000 |
|
Shareholder Names |
% of Voting/Non-Voting Capital |
|
Behnam family |
90% |
|
Mr. Seyed Hussein Badrkhahan |
10% |
Name : Mr. Abdolkarim Behnam
Position within the company : Chairman& Managing Director
Country of Birth : Iran
Nationality : Iranian
Can fluently speak : Farsi- English
National Code ID :
Name : Mr. Kaveh Behnam
Position within the company : Vice Chairman
Country of Birth : Iran
Nationality : Iranian
Can fluently speak : Farsi- English
National Code ID :
Name : Mr. Seyed Hussein Badrkhahan
Position within the company : Member
Country of Birth : Iran
Nationality : Iranian
Can fluently speak :
Farsi- English
National Code ID :
It is trading in mineral products.
Local Reporters consider the investigated company to be
Small
in their field of concern.
Company Employs: 13
Operates from: Owned, Office,
Warehouses
Location: Central
Business Area, Main Road
Imports : Finished
Goods
Import%: 100%
Import from: Europe, Italy, Germany
Import terms: letters of credit
Exports to: Turkey
Exporting Terms: Bank
Transfer
Export % and type of product: 5% Finished Good
Territory:
95% Nationality –5% Internationally
Type of Customer: Group Companies, Retailers, Public
People
Terms of sales: letters
of credit
Vehicles:
Total number of vehicles:4
It doesn’t have any related companies.
Bank Tejarat
Solicitor:
Aria Nik Ravesh Auditing Company
Auditors: Mr. Mojtaba Gholami
Subject's payments reported to be: Non- Complaint
Name/Title: Mr. Kaveh Behnam – Vice Chairman
He confirmed it.
Note: the
registered name of company is Bandar Abbas Tiab Minerals Commercial Company.
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.63.06 |
|
|
1 |
Rs.101.15 |
|
Euro |
1 |
Rs.84.95 |
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 |
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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 |
|
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.