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Report Date : |
12.10.2013 |
IDENTIFICATION DETAILS
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Name : |
YASAN SANAT SHARGH COMPANY |
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Registered Office : |
No. 34, Third Floor, Hezareh Building,
Shams Abadi St Isfahan 8133613431 |
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Country : |
Iran |
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Date of Incorporation : |
26.09.2009 |
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Com. Reg. No.: |
26761 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Subject is general trading company and supplier of printers, rhodium,
incandescent lamp, printer ink, ruthenium, gold coating |
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No. of Employees : |
30 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
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 |
|
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: Yasan Sanat Shargh Company
Farsi Name: شرکت ياسان
صنعت شرق
Address:
No.34, Third Floor, Hezareh Building, Shams Abadi St
Isfahan 8133613431
Iran
Telephone: +98 311 2220820
Fax:
+98 311 22 20 820 ( Ext. 106 )
Website:
www.zarfan.com
E-mail: z_hashemi@industryasan.com, info@zarfan.com
Current Legal Form:
Private Joint Stock Company
Registration Address: No. 34, Third Floor, Hezareh Building, Shams Abadi St
Isfahan 8133613431
Iran
Start Date: 26.09.2009
Registration Number: 26761
Registration Date: 26.09.2009
Registration Town:
Isfahan
National Code ID:
10260474983
Currency: Iranian Rials
Nominal capital: 200,000,000
|
Number of Shares: 200,000 |
Type of Shares: |
|
Issued Shares: |
Value per share: 1,000 |
|
Shareholder Names |
% of Voting/Non-Voting Capital |
|
Malaverdi (Family) |
100% |
Name: Mr. Naser
Malaverdi
Position within the company:
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID: 1285688333
Name: Mrs. Nafesih
Malaverdi
Position within the company:
Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID: 1289536341
Name: Mr. Mohsen Malaverdi
Position within the
company: Managing Director
Country of Birth: Iran
Nationality:
Iranian
Can fluently speak: Farsi- English
National Code ID: 1285926595
It is general trading company and
supplier of printers, rhodium, incandescent lamp, printer ink, ruthenium, gold
coating.
Local Reporters consider the investigated company to be
Medium in their field of concern.
Note:
Trade name of the subject is Zarfan.
Branches:
1. Address: No.21, 6th
Alley, Navab Safavi St
Isfahan 8183765633
Iran
Tel: + 98 311
2350098
Fax: + 98 311
2350098
Premises: Owned, Office
2. Address: No.81, 2nd Floor, corner Shahed
Fazl Elahi, Siohashtom Jahan Ara St,
Yousef Abad
Tel: + 98
21 88047168
Fax: + 98
21 88041639
Premises: Owned, Office
Employees
Company Employs: 30
Operates from: Owned, Offices, Warehouses
Location: Central
Business Area, Main Road
Imports : Finished Goods
Import%: 65%
Import from: Europe,
Germany
Import terms: letters of credit
Additional: Balance
of 70 % purchased via local market
It doesn’t any export.
Territory:
70% Nationality
Type of Customer:
Group Companies, Retailers,
Public People
Terms of sales:
letters of credit
Vehicles: Total number of vehicles:
12
Bank Sarmayeh
Solicitor: Mrs. Sedighih Dastani (National
Code ID: 1280791306)
Auditors: Mrs. Zahra Hashemi (National Code ID:
1292203137)
Subject's payments reported to be: Non- Complaint
Name/Title: Mr. Mohsen Malaverdi
- Managing Director
Local Reputation: The company being investigated is considered by local reporters to be a
Normal Trade Risk
and to be fair.
Owner/Shareholders Comments: All of owners
involved in the running of the business
Age of Business: Under 5 Year
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
UK Pound |
1 |
Rs.97.77 |
|
Euro |
1 |
Rs.82.78 |
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.