|
Report Date : |
19.11.2013 |
|
|
|
|
Tel No.: |
+982166495014 |
|
Fax No.: |
+982166498493 |
IDENTIFICATION DETAILS
|
Name : |
BENIS KHAR ASIA COMPANY |
|
|
|
|
Registered Office : |
Unit 7, Pasazhvhdt Second Floor, Wahdat St, Hassan Abad St,
Tehran 113956191
|
|
|
|
|
Country : |
Iran |
|
|
|
|
Date of Incorporation : |
19.01.2004 |
|
|
|
|
Com. Reg. No.: |
21570 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is trading company and supplier of industrial machinery
equipment and tools, thorns,
pins, rivets, bolts and steel ring, Steel bolts . |
|
|
|
|
No. of Employees : |
14 |
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 : |
Small company |
|
|
|
|
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 |
Company Name:
Benis
Khar Asia Company
Company Trade Name: Atlas
Thorn (Atlas Khar)
Address:
Unit 7,
Pasazhvhdt Second Floor, Wahdat St, Hassan Abad St
Tehran 113956191
Iran
Telephone:
+98 21 66495014-5, 0912 1191670
Fax:
+ 98 21 66498493
Website:
-
E-mail:
atlaskhar@iriib.com
Current Legal Form:
Limited Liability
Company
Registration Address:
Unit 5,
Pasazhvhdt Second Floor, Wahdat St, Hassan Abad St
Tehran
Iran
Start Date:
19/01/2004
Registration Number: 21570
Registration Date:
19/01/2004
Registration Town:
Tehran
National Code ID:
-
Note :
The registered name of company is Benis Khar Asia Company.
Date of Expiry: 04/09/2004
Currency:
Iranian
Rials
Nominal capital:
100,000,000
|
Number of Shares:
100,000 |
Type of Shares: |
|
Issued Shares: |
Value per share: 1,000 |
|
Shareholder Names |
% of Voting/Non-Voting
Capital |
|
Mirbegi Benisi ( Family) |
100% |
Name:
Mrs. Fatimeh Mirbegi Benisi
Position within the company: Chairman
Country of Birth:
Iran
Nationality:
Iranian
Can fluently speak:
Farsi- English
National Code ID:
-
Name:
Mr.
Hossein Mirbegi Benisi
Position within the company: Vice
Chairman
Country of Birth:
Iran
Nationality:
Iranian
Can fluently speak:
Farsi- English
National Code ID:
Name:
Mr. Reza Mirbegi Benisi
Position within the company: Managing
Director& Member
Country of Birth:
Iran
Nationality:
Iranian
Can fluently speak:
Farsi-
English
National Code ID:
-
Name:
Mr.Ghasem Mirbegi Benisi
Position within the company: Member
Country of Birth:
Iran
Nationality:
Iranian
Can fluently speak:
Farsi-
English
National Code ID:
-
It is trading company and supplier of industrial machinery equipment
and tools, thorns, pins, rivets,
bolts and steel ring, Steel bolts .
Local Reporters consider the investigated company to be
small in their field of concern.
Trade Names:
Ellison brand, CIRTEQ brand, Jorg Vogelsang brand, Rotor Clip brand,
Beneri brand .
Branch:
No.75, Pasaj Sadafi Nejad, Nazem Atebba Alley, Ekbatan St
Tehran, Iran
Tel: + 98 21 33950759, 33951552, 912 1208490
Fax: + 98 21 33956544
Mr. Dabeir
Premises (Type / Size / Tenure): Rented, Shop
Company Employs:
14
Operates from:
Rented, Offices, Warehouses
Location:
Central Business Area, Main Road
Imports :
Finished Goods
Import%:
40 %
Import from:
Italy, Germany
Import terms:
letters of credit
Additional:
Balance
of 50% purchased via local market
Exports to:
-
Exporting Terms:
-
Export % and type of product:
-
Territory:
100%
Nationality
Type of Customer:
Retailers
Terms of sales:
letters of credit
Vehicles:
Total number of vehicles: 3
No related companies.
Saderat Bank
Solicitor: Mr. Ali Razi
Auditors: Mr. Mohammad Ashkani
Subject's payments reported to be: Non- Complaint
Name/Title:
Mr. Reza Mirbegi Benisi - Managing Director
Note :
The registered name of company is Benis Khar Asia Company.
Note:
Trade name of the subject is
Atlas Thorn (Atlas Khar).
Local Reputation: The company being investigated is considered by local reporters to be a
Medium 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.62.63 |
|
|
1 |
Rs.101.06 |
|
Euro |
1 |
Rs.84.56 |
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%) Maket
trend (10%) Operational
size (10%)
|
Report Date : |
19.11.2013 |
|
|
|
|
Tel No.: |
+982166495014 |
|
Fax No.: |
+982166498493 |
IDENTIFICATION DETAILS
|
Name : |
BENIS KHAR ASIA COMPANY |
|
|
|
|
Registered Office : |
Unit 7, Pasazhvhdt Second Floor, Wahdat St, Hassan Abad St,
Tehran 113956191
|
|
|
|
|
Country : |
Iran
|
|
|
|
|
Date of Incorporation : |
19.01.2004 |
|
|
|
|
Com. Reg. No.: |
21570 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is trading company and supplier of industrial machinery
equipment and tools, thorns,
pins, rivets, bolts and steel ring, Steel bolts . |
|
|
|
|
No. of Employees : |
14 |
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 : |
Small company |
|
|
|
|
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 |
Company Name:
Benis
Khar Asia Company
Company Trade Name: Atlas
Thorn (Atlas Khar)
Address:
Unit 7,
Pasazhvhdt Second Floor, Wahdat St, Hassan Abad St
Tehran 113956191
Iran
Telephone:
+98 21 66495014-5, 0912 1191670
Fax:
+ 98 21 66498493
Website:
-
E-mail:
atlaskhar@iriib.com
Current Legal Form:
Limited Liability
Company
Registration Address:
Unit 5,
Pasazhvhdt Second Floor, Wahdat St, Hassan Abad St
Tehran
Iran
Start Date:
19/01/2004
Registration Number: 21570
Registration Date:
19/01/2004
Registration Town:
Tehran
National Code ID:
-
Note :
The registered name of company is Benis Khar Asia Company.
Date of Expiry: 04/09/2004
Currency:
Iranian
Rials
Nominal capital:
100,000,000
|
Number of Shares:
100,000 |
Type of Shares: |
|
Issued Shares: |
Value per share: 1,000 |
|
Shareholder Names |
% of Voting/Non-Voting
Capital |
|
Mirbegi Benisi ( Family) |
100% |
Name:
Mrs. Fatimeh Mirbegi Benisi
Position within the company: Chairman
Country of Birth:
Iran
Nationality:
Iranian
Can fluently speak:
Farsi- English
National Code ID:
-
Name:
Mr.
Hossein Mirbegi Benisi
Position within the company: Vice
Chairman
Country of Birth:
Iran
Nationality:
Iranian
Can fluently speak:
Farsi- English
National Code ID:
Name:
Mr. Reza Mirbegi Benisi
Position within the company: Managing
Director& Member
Country of Birth:
Iran
Nationality:
Iranian
Can fluently speak:
Farsi-
English
National Code ID:
-
Name:
Mr.Ghasem Mirbegi Benisi
Position within the company: Member
Country of Birth:
Iran
Nationality:
Iranian
Can fluently speak:
Farsi-
English
National Code ID:
-
It is trading company and supplier of industrial machinery equipment
and tools, thorns, pins, rivets,
bolts and steel ring, Steel bolts .
Local Reporters consider the investigated company to be
small in their field of concern.
Trade Names:
Ellison brand, CIRTEQ brand, Jorg Vogelsang brand, Rotor Clip brand,
Beneri brand .
Branch:
No.75, Pasaj Sadafi Nejad, Nazem Atebba Alley, Ekbatan St
Tehran, Iran
Tel: + 98 21 33950759, 33951552, 912 1208490
Fax: + 98 21 33956544
Mr. Dabeir
Premises (Type / Size / Tenure): Rented, Shop
Company Employs:
14
Operates from:
Rented, Offices, Warehouses
Location:
Central Business Area, Main Road
Imports :
Finished Goods
Import%:
40 %
Import from:
Italy, Germany
Import terms:
letters of credit
Additional:
Balance
of 50% purchased via local market
Exports to:
-
Exporting Terms:
-
Export % and type of product:
-
Territory:
100%
Nationality
Type of Customer:
Retailers
Terms of sales:
letters of credit
Vehicles:
Total number of vehicles: 3
No related companies.
Saderat Bank
Solicitor: Mr. Ali Razi
Auditors: Mr. Mohammad Ashkani
Subject's payments reported to be: Non- Complaint
Name/Title:
Mr. Reza Mirbegi Benisi - Managing Director
Note :
The registered name of company is Benis Khar Asia Company.
Note:
Trade name of the subject is
Atlas Thorn (Atlas Khar).
Local Reputation: The company being investigated is considered by local reporters to be a
Medium 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.62.63 |
|
|
1 |
Rs.101.06 |
|
Euro |
1 |
Rs.84.56 |
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%)