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Report Date : |
02.10.2013 |
IDENTIFICATION DETAILS
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Name : |
PARNIAN IMEN TEJARAT GITY TRADING COMPANY |
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Registered Office : |
Unite86, 8th floor, 5Aftab Complex, Iman St, Brazandeh Ave, Kaveh St Esfahan 8193848689 |
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Country : |
Iran |
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Date of Incorporation : |
11.04.2011 |
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Com. Reg. No.: |
43782 |
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Legal Form : |
Private Joint
Stock Company |
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Line of Business : |
Subject is a
General Trading Company and Supplier of rice and tea, food stuff,
electrical equipment, Pharmaceutical Products, steel product |
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No. of Employees : |
25 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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: Parnian
Imen Tejarat Gity Trading Company
Also Trade as:
Sherkat Bazargani Parnian Imen Tejarat Gity
Farsi Name:
شرکت
بازرگاني
پرنيان ايمن
تجارت گيتي
Address: Unite86, 8th floor, 5Aftab Complex, Iman St
Brazandeh Ave, Kaveh St
Esfahan 8193848689
Tel: + 98 21 26213290
Fax: + 98 21 26213420
Website: -
E-mail: persianimen@yahoo.com
Company was originally started as an
on 11/04/2011
Current Legal Form: Private Joint Stock Company
Registration Address: Unite86, 8th floor, 5Aftab Complex, Iman St
Brazandeh Ave, Kaveh St
Esfahan 8193848689
Iran
Registration
Number: 43782
Established Date: 11/04/2011
Registration Date: 11/04/2011
Registration Town: Esfahan
National Id: 10260616845
Trade license:
670999
Currency: Iranian
Riyals
Nominal capital: 200,000,000,000
|
Number of Shares: 20,000,000 |
Type of Shares: None Selected |
|
Issued Shares: - |
Value per share: 10,000 |
Shareholders:
|
Shareholder Name |
Share % |
|
|
Mr. Mojtab Shams KhozaniIran |
50% |
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Mr. Asadoullah Banagar |
30% |
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Mr. Shahroukh Khazaie |
20% |
|
Name: Mr. Mojtab Shams
Khozani
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr.
Asadoullah Banagar
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Shahroukh Khazaie
Position within the company: Managing Director& Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mrs. Sara Sarafan
Chaharsogh
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Khalil Atar
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mrs. Mandana Sarafan Chaharsogh
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
It is General
Trading Company and Supplier of rice and tea, food stuff,
electrical equipment, Pharmaceutical Products, steel product .
Local Reporters consider the investigated company to be Medium in their field of concern
Note: Trade name of the subject is Parnian Imen
Tejarat Giti Company
Company Employs: 25
Sales: 100%
Nationally
Sales to: Group companies, General Public
Sales Term: Cash, Bank Transfer, accept credit, Letter of credit
Vehicles:
8
Operates Form: Owned: Offices, Warehouses
Location: Central
Business Area, Main Road,
Branches:
1. Address: Unite28, 5th
Floor, No.7, Elahiye Modern Building, Safari Blind Alley,
Bidar St, Elanhiyeh, Modares
Highway
Tehran 1964913411
Iran
Premises: Owned, Office
2. Address: No.w12, Hormoz
Bazar,
Kish Island, Iran
Premises: Owned, Office
Bank Saderat
Chahar Bagh
Esfahan
Iran
Bank Sarmayeh
Esfahan
Iran
Auditor: Tavana Mohaseban Financial
Organization
Solicitor: Mr. Amir Hossien Morad Khani Samrin
Imports From: Europe, Far East
Importing Terms: Bank Transfer
Import % and type of product: 50% Finished Goods
Export % and type of product: Subject does not export
Payment
Subject's payments reported to be: NO COMPLAINTS
Name/Title: Mr. Shahroukh
Khazaie - Managing Director
He confirmed it.
Note:
The address which you provided is branch address of company.
Address: 28, 5th Floor, Modern Building Safari
Blind Alley, Bidari St., Elanhiyeh, Modares Highway Tehran
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: New business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.36 |
|
UK Pound |
1 |
Rs.101.20 |
|
Euro |
1 |
Rs.84.54 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.