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Report Date : |
26.11.2013 |
IDENTIFICATION DETAILS
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Name : |
THREE CANDEL TRADING CO. LTD |
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Registered Office : |
No.33, Mobasher Bldg, Shahid Ansari St,
Mostafa Khomeini Ave Tehran 1166887563 |
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Country : |
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Date of Incorporation : |
15.09.2011 |
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Com. Reg. No.: |
6417 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Supplier of food stuff (tea, rice, sugar). |
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No. of Employees : |
03 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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.
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: THREE CANDEL TRADING CO. LTD
Persian Name: -
Address: No.33,
Mobasher Bldg, Shahid Ansari St,
Mostafa Khomeini Ave
Tehran 1166887563
Tel: + 98 21 33122819,
33127401, 33126081
Fax: + 98 21 33122217, 33123587
Company was originally started as an
on 2011
Current Legal Form:
Limited Liability Company
Registration Address: No.33, Mobasher Bldg, Shahid Ansari St,
Mostafa Khomeini Ave
Tehran 1166887563
Registration Number: 6417
Registration Date: 15/09/2011
Registration Town: 15/09/2011
Shareholders:
|
Shareholder Name |
Share % |
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Mr. Mahammad Ali Abutorabian family |
100% |
Name: Mr. Mahammad Ali
Abutorabian
Position within the company: Chairman & Managing
Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Name: Mr. Ali Azizi
Position within the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Supplier of food stuff (tea, rice, sugar).
Local Reporters consider the investigated company to be Small in their field of concern
Company Employs: 3
Sales: 100%
Nationall
Sales to:
Group
companies, General Public
Sales Term:
Cash, Bank Transfer
Vehicles: 1
Operates Form: Rented: Office
Location: Central Business Area
Bank Eghtesad Novin
Iran
Information Financial
is not available/applicable
Imports From: UAE
Importing Terms: Bank Transfer
Import % and type of product: 10% Finished Goods
Export % and type of product:
Subject does not export
The subject does not related companies
Subject's payments reported to be: NO COMPLAINTS
Name/Title: Mr. Mr. Mahammad Ali
Abutorabian – Chairman & Managing Director
Subject refused to
cooperate with us.
Local Reputation:
The company being investigated is considered by local reporters to be a High
Trade Risk
Local informants consider granting of credit to be a fair trade risk
Owner/Shareholders Comments: None of the owners / shareholders have an active participation in the running of the business.
Age of Business: -
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.58 |
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|
1 |
Rs.101.42 |
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Euro |
1 |
Rs.84.70 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
-- |
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.