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Report Date : |
01.10.2013 |
IDENTIFICATION DETAILS
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Name : |
TASKIN GOSTAR PHARMED COMPANY |
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Formerly Known As : |
WIDE RELIEF COMPANIES FARMD |
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Registered Office : |
No.12, West Wing- Gharb Commercial Complex, Shahrak-E-Gharb, Tehran |
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Country : |
Iran |
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Date of Incorporation : |
18.05.2012 |
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Com. Reg. No.: |
432465 |
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Legal Form : |
Private Joint
Stock Company |
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Line of Business : |
Supplier of Pharmaceutical Products. |
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No. of Employees : |
15 |
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.
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 |
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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
Reference:
236397
Company Name: Taskin Gostar Pharmed Company
Company Trade Name: Taskin, TGPCO
Also Known
as: Wide relief
companies Farmd
Address: No.12, west
wing- Gharb commercial complex
Shahrak-e-Gharb
Tehran
Tel: + 98 21 88372848-9
Fax: + 98 21 88372841
Website: www.tgpharmed.com
E-mail: info@tgpharmed.com
Company was originally started
on 2012
History:
Pervious Address: Unite25, No.2, Mina St, Kohe Faraz, Saadat abad, Tehran, Iran
Date of Change: 20/03/2013
Current Legal Form:
Private Joint Stock Company
Registration Address: No.12, west wing-
Gharb commercial complex
Shahrak-e-Gharb
Tehran
IRAN
Registration Number: 432465
Registration Date: 18/05/2012
Established Date: 18/05/2012
Registration Town: Tehran
National Id: 10320837776
Capital: 1,000,000,000 Iranian Riyals
Shareholders:
|
Shareholder Name |
Share % |
|
Mr. Ahmad Vadadian (Family) Iran |
70% |
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Mr. Mohammad Ghalebani Iran |
30% |
Name: Mr. Ahmad Vadadian
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Mohammad
Ghalebani
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Ali Vadadian
Position within the company: Manager Director& Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Sassan Modarress
Position within the company: Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Supplier of pharmaceutical products.
Local Reporters consider the investigated company to be Medium in their field of concern
Company Employs: 15
Sales: 100%
Nationally
Sales to: Group companies, General Public
Sales Term: Cash, Bank Transfer, accept credit, Letter of credit
Vehicles:
4
Operates Form: Owned: Office, Warehouse
Location: Central Business Area, Main Road,
Bank Pasargad
Tehran
Iran
Information Financial is not available/applicable
Imports From:
USA, Canada, Europe
Importing Terms: Bank Transfer
Import % and type of product: 70% Finished Goods
Export % and type of product: Subject does not export
Auditor: Mr. Mehdi Gharagozlo
Solicitor: Mr. Ghasem Kermchi
Subject's payments reported to be: NO COMPLAINTS
In the interview conducted with Mr. Sassan Modarress,
Manager, he confirmed the details provided in this 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: Under 5 Year
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 : |
NIT |
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 |
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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 |
|
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 |
|
-- |
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.