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Report Date : |
01.10.2013 |
IDENTIFICATION DETAILS
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Name : |
PEIMANN KHOTOOT GOSTAR COMPANY - 235688 |
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Registered Office : |
No: 40, Hamila Blvd., Ponak Sq. Tehran |
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Country : |
Iran |
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Date of Incorporation : |
12.09.2000 |
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Com. Reg. No.: |
169744 |
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Legal Form : |
Private Joint
Stock |
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Line of Business : |
Subject is engaged
in technologies, paving the way for industrial independence in the areas of
design, implementation, installation and commissioning of industrial projects |
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No. of Employees : |
100 |
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) |
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Iran |
B1 |
B1 |
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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: Peimann Khotoot Gostar Company
Also Trade as: PKG
Address: No: 40, Hamila Blvd., Ponak Sq.
Tehran
Tel: + 98 21 48076000
Fax: + 98 21 44470620
Website: www.peimann.com
E-mail: info@peimann.com
Company was originally started as an on 12/09/2000
History
Pervious Address: No. 13, Pirooz Sharghi St., Afrigha Ave,
Tehran, Iran
Phone : +98
21 88674751-4
Fax : +98
21 88795557
Date of Change: 28/10/2012
Current Legal Form: Private Joint Stock
Registration Address: No: 40, Hamila Blvd., Ponak Sq.
Tehran
IRAN
Registration Number: 169744
Established Date: 12/09/2000
Registration Date: 12/09/2000
Registration Town: Tehran
National Id: 10102122306
Currency:
Iranian Riyals
Nominal capital: 20,500,000,000
|
Number of Shares: 20,500,00 |
Type of Shares: None Selected |
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Issued Shares: - |
Value per share: 10000 |
Shareholders:
|
Shareholder Name |
Share % |
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Parsian Feshar Ghavi Post Tose Iran |
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Name: Mr. Mehdi Miremadi
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Homayon Khosravi Dehkordi
Position within the company: Vice
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Ebrahim Hakimi
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mrs. Elahe Moshtagh
Position within the company: Managing
Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Ehsan Saeidpour Parizy
Position within the company: Project
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Mohsen Mohammadi
Position within the company: Technical Engineer
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
The subject involved
in technologies, paving the way for industrial independence in the areas of
design, implementation, installation and commissioning of industrial projects,
projects undertaken by the company include power transmission and automation,
dispatching and telecommunications, data transmission and access networks.
• ISO9001:2000
Quality Management standard
• ISO14001:2004
Environment Management standard
• OHSAS 18001:1999
Occupational health and Safety Management standard
Peimann Khotoot
Gostar has received the corresponding certificates from SGS company in April
2008.
ISO9001 guides the
organization to keep and improve the quality of its products and services.
ISO14001 aims to take the attention of the organization to environmental issues
and reducing probably existing harmful consequences of its activities.
OHSAS18001 standard tends to observe the health and safety issues in work
place.
Local Reporters consider the investigated company to be Medium in their field of concern
Company Employs: 100
Sales: 100%
Nationally
Sales to: Group companies, General Public
Sales Term: Cash, Bank Transfer, accept
credit, Letter of credit
Vehicles: 12
Operates Form: Owned: Offices, Warehouses
Location: Central Business Area, Main Road,
Branch:
Setareh International Complex,
Qeshm Island, Iran
Bank Pasragad
Tehran
Iran
Bank Saderat
Tehran
Iran
Information Financial is not available/applicable
Imports From: Europe
Importing Terms: Bank Transfer
Import % and type of product: 40% Finished Goods
Export % and type of product: Subject does not export
Subsidiaries:
Parsian Feshar Ghavi Post Tose
No: 40, Hamila Blvd., Ponak Sq
Tel: 98 21 48076000
Sanaye Nirogah Tose
No: 40, Hamila Blvd., Ponak Sq
Tel: 98 21 48076000
Parand Sanat Pars Co
No: 40, Hamila Blvd., Ponak Sq
Tel: 98 21 48076000
Parsian International Establishment
Birkenweg 6, FL-9490 Vaduz,
Liechtenstein
Tel: +423 2361396
Fax: +423 2361340
Parsian Niroye Ril Tose Co
No: 40, Hamila Blvd., Ponak Sq
Tel: 98 21 48076000
Auditor: Hoshyar Bahmand
Financial Organization
Solicitor: Mr. Abbas Hashti
Subject's payments reported to be: NO COMPLAINTS
Name/Title: Mr. Ali Mohammadi- Director
Subject has confirmed the general details provided in the report.
Local Reputation:
The company being investigated is considered by local reporters to be a Medium
Trade Risk
Local informants consider granting of credit to be a fair trade risk
Owner/Shareholders Comments:
Some of the owners / shareholders have an active participation in the running of the business.
Age of Business:
Old business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.78 |
|
|
1 |
Rs.101.42 |
|
Euro |
1 |
Rs.84.67 |
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.