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Report Date : |
17.10.2013 |
IDENTIFICATION DETAILS
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Name : |
TARADIS YEKTA TRADING GROUP |
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Registered Office : |
No. 3, 1st Floor, Seirafian Alley,
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Country : |
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Date of Incorporation : |
15.06.2003 |
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Com. Reg. No.: |
201581 |
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Legal Form : |
Private Joint
Stock Company |
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Line of Business : |
Supplier of food stuff, feed animal, electric and industrial equipment |
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No. of Employees : |
10 |
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) |
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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: Taradis Yekta Trading Group
Also Trade
as: TYG,
Address: No. 3, 1st
Floor, Seirafian Alley, Servati St., Farmaniyeh Ave
Tehran
Tel: + 98 21 26113340-50, 98 930 5137825
Fax: + 98 21 2296756
Website: www.taradisgroup.com (under
construction)
E-mail: info@taradisgroup.com
Company was originally started as an
on
Current Legal Form: Private Joint Stock
Registration
Address: No. 3, 1st Floor, Seirafian Alley,
Servati St.,
Farmaniyeh Ave
Tehran
IRAN
Registration Number: 201581
Registration Date: 15/06/2003
Registration Town: Tehran
National Id: 10102435851
Capital: 5,000,000,000 Iranian Riyals
Shareholders:
|
Shareholder Name |
Share % |
|
Mr. Hossien Atashbar Iran |
50% |
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Mr. Reza Mehrbakhsh Iran |
30% |
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Mr. Ahmad Omrani Tabarestani Iran |
20% |
Name: Mr. Hossien
Atashbar
Position within the company: Chairman& Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Reza Mehrbakhsh
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Ahmad Omrani
Tabarestani
Position within the company: Managing Director& Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Majid Zabihi
Position within the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Supplier of food stuff, feed animal, electric and industrial equipment).
Local Reporters consider the investigated company to be Medium in their field of concern
Company Employs: 10
Sales: 100%
Nationally
Sales to: Group companies, General Public
Sales Term: Cash, Bank Transfer, accept credit, Letter of credit
Vehicles:
3
Operates Form: Owned: Office, Warehouse
Location: Central Business
Area, Main Road,
Bank Mellat
Iran
Information Financial is not available/applicable
Imports From:
Europe
Importing Terms: Bank Transfer
Import % and type of product: 50% 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
Following to the interview with Mr. Reza Mehrbakhsh ( Vice Chairman), he
confirmed the report.
Note:
The register name of company is Taradis
Yekta Trading Group
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.61.69 |
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UK Pound |
1 |
Rs.98.59 |
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Euro |
1 |
Rs.83.67 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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.