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Report Date : |
19.08.2014 |
IDENTIFICATION DETAILS
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Name : |
RAHA JAAM CERAM PRINTING MANUFACTURING COMPANY |
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Registered Office : |
No.101, |
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Country : |
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Date of Incorporation : |
11.07.2007 |
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Com. Reg. No.: |
1020 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufacture of Hand
Made Glasswares. |
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No. of Employees : |
180 |
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Iran |
B1 |
B1 |
|
Risk Category |
ECGC Classification |
|
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 |
|
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 |
Legal Company Name: Raha
Jaam Ceram Printing Manufacturing Company
Also Known as : Raha Ceram Company, Raha Joint
Address: No.101, Chaksar Village, Sorkhrod, Mahmudabad 4634186111 Mazandaran 4634186111 , Iran
Tel: +98 114 4883242 / 4883242 / 4882892 / 4883900 / 4882921 / 4882579
Fax: +98 114 4884054
Website: www.rahajoint.com
E-mail: headoffice@rahajoint.com
Current Legal Form: Private Joint
Stock Company
Registration Address: No.101, Chaksar Village, Sorkhrod, Mahmudabad 4634186111 Mazandaran 4634186111 , Iran
Registration Number: 1020
Registration Date: 1/07/2007
Registration Town: 11/07/2007
National id: 10861486391
Capital:
100,000,000
Share No: 1,000
Share Value: 1,000,000
Paid Up Capital: 1,000,000
|
Shareholder Names |
Share% |
|
Mr. Farzad Khosrojerdi |
40% |
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Mrs. Gita Pourjali |
20% |
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Mrs. Atanaz Khosrojerdi |
40% |
Name: Mr. Farzad
Khosrojerdi
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Mobile No: +98 912 6104090
Name: Mrs. Gita Pourjali
Position within the company: Vice
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mrs. Atanaz
Khosrojerdi
Position within the company: Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Manufacture of Handmade
Glasswares.
Brands: LORENZA
Capaicity:8000 pieces per
day
Local Reporters consider the investigated company to be MEDIUM in their field of concern
Company Employs: 180
Sales: 100% Nationally
Sales to: Group
companies, General
Public
Sales Term: Cash, Bank Transfer, accept credit, Letter of credit
Vehicles: 10
Operates Form: Owned Office, Factory
Location: Central
Business Area , Main Road
Melli Bank
Branch: Tehranpars
Auditor:
Mr. Farhad Mohsenian
Solicitor: Mr. Mohammad Bashiri
Imports From: China
Importing Terms: Bank Transfer
Import % and type of product: 100% Finished Goods
Export % and type of product:
Subject does not export
Affiliates:
Raha Jaam Ceram Zorouf
Shishehei Manufacturing Company Iran
Subject's payments reported to be: No Complaints
Following to the interview with Mrs. Atanaz
Khosrojerdi (Managing
Director), she confirmed it.
Note: Raha Ceram Company is the trade name of company.
Local Reputation:
The company being investigated is considered by local reporters to be a Medium
Trade Risk and To Be Fair.
Owner/Shareholders Comments:
None 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.61.06 |
|
|
1 |
Rs.101.84 |
|
Euro |
1 |
Rs.81.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.