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Report Date : |
22.04.2014 |
IDENTIFICATION DETAILS
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Name : |
ACRYL TOPS SARIR COMPANY |
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Registered Office : |
2nd floor, Bldg No.1, Motahari Street,
Kerman, |
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Country : |
Iran |
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Date of Incorporation : |
01.09.2006 |
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Com. Reg. No.: |
7516 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Subject is involved in fiber spinning and produced
types of woolen and acrylic yarns for rug and mink blankets |
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No. of Employees |
130 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Iran |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
|
High Risk |
C2 |
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Very High Risk |
D |
IRAN ECONOMIC OVERVIEW
Iran's economy is marked by statist policies, an inefficient state sector, and reliance on oil, a major source of government revenues. Price controls, subsidies, and other distortions 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. New fiscal and monetary constraints on Tehran, following the expansion of international sanctions in 2012 against Iran's Central Bank and oil exports, significantly reduced Iran's oil revenue, forced government spending cuts, and fueled a 60% currency depreciation. Economic growth turned negative in 2012 and 2013, for the first time in two decades. Iran continues to suffer from double-digit unemployment and underemployment. Lack of job opportunities has convinced many educated Iranian youth to seek jobs overseas, resulting in a significant "brain drain." However, the election of President Hasan RUHANI in June 2013 brought about widespread expectations of economic improvements and greater international engagement among the Iranian public, and early in Ruhani's term the country saw a strengthened national currency and a historic boost to market values at the Tehran Stock Exchange
|
Source
: CIA |
Company Name: Acryl Tops Sarir Company
Also Known
as: -
Address: 2nd floor, Bldg
No.1, Motahari Street, Kerman, Iran
Telephone: +98 341 2225547
Fax: +98 341 2231247
Website: www.razavieh.com
E-mail:
manager@razavieh.com
Current Legal
Form: Private Joint Stock Company
Registration
Address: 2nd floor,
Bldg No.1, Motahari Street, Kerman, Iran
Registration
Number: 7516
Start Date: 01/09/2006
Registration
Date: 01/09/2006
National Code
ID: 10630134876
Company was originally started on 2006.
Nominal
Capital: 1,000,000,000 Iranian Rilas
Parent Co:
Razavieh Kerman
Textile Group
%
share: 100%
Name:
Mr. Reza Jalal Maab
Position within the company: Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name:
Mr. Hussein Ali Ahmadi
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Mehdi Ali Ahmadi
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name:
Mrs. Fatemeh Nazari
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
The subject is
involved in fiber spinning and produced types of woolen and acrylic yarns for
rug and mink blankets.
Braches:
Unit 9, 3rd
floor, No 12, 4 Alley, Miremad St, Motahari Ave.
Tel: +982188545272-5
Fax: +982188545276
Premised: Owned- Office
Company Employs: 130
Sales: 100%
Nationally
Sales to: General
Public, Group Companies
Sales Term: Cash, Letters
of Credit
Vehicles: 15
Operates
Form: Owned:
Office, Factory
Location: Central
Business Area , Main Road
Melli Bank
Import from: Turkey, India
Import%: 10%
Import term: Letters of Credit , Bank
Transfer
It doesn’t export.
Auditor: Mr.
Bahman Nemati
Solicitor: Mr.
Mohsen Ahmadi
Affiliates:
Pashmrisi Razavieh Company
Iran
SARIR BAF KAVIR SPINNING & WEAVING COMPANY
Iran
Subject's payments reported to be: NO COMPLAINT
In the interview
conducted with Mr. Reza Jalal Maab -
Managing Director , he refused to cooperate with us.
Local Reputation:
The company being investigated is believed by local reporters to be a
Medium Trade Risk and to be fair.
Owner/Shareholders Comments:
Some of the owners / shareholders have an active participation in the running of
the business.
Age of Business: Old Family Business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.34 |
|
|
1 |
Rs.101.41 |
|
Euro |
1 |
Rs.83.38 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared by
: |
NIS |
RATING EXPLANATIONS
|
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 |
-- |
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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.