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Report Date : |
26.08.2014 |
IDENTIFICATION DETAILS
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Name : |
HAMGAM BEHDASHT INTERNATIONAL COMPANY |
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Registered Office : |
No.13, 22 Alley, |
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Country : |
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Date of Incorporation : |
21.09.2004 |
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Com. Reg. No.: |
251494 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Importer and distributor of medical
products. |
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No of Employees : |
07 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – 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 |
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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: HAMGAM BEHDASHT INTERNATIONAL COMPANY
Also Known as : HICO
Address: No.13, 22 Alley, Ghaem Magham St, Tehran 1586966441, Iran
Tel: +98 21 88826264 / 88349023
Fax: +98 21 88827598
Website:
www.hicomed.com
E-mail: info@hicomed.com
Company was originally started as an
on 2004
Current Legal Form: Private
Joint Stock Company
Registration Address: No.13, 22 Alley, Ghaem
Magham St, Tehran 1586966441, Iran
Registration Number: 251494
Registration Date: 21/09/2004
Registration Town: 21/09/2004
National id: 10102919672
Capital: 100,000,000
Share No:
100,000
Share Value: 1000
Paid Up Capital: 100,000,000
|
Shareholder Names |
Share% |
|
Mr. Mohammad Hussein Banaei |
40% |
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Mr. Mohammad Saeid Montazer Tabrizi |
20% |
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Mrs. Faezeh Bagher Panahi |
40% |
Name: Mr. Mohammad
Hussein Banaei
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Mohammad Saeid
Montazer Tabrizi
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mrs. Faezeh Bagher
Panahi
Position within the company: Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Importer and distributor of medical products.
Local Reporters consider the investigated company to be Small in their field of concern
Company Employs: 7
Sales: 100% Nationally
Sales to: Group
companies, General
Public
Sales Term: Cash, Bank Transfer, accept credit, Letter of
credit
Vehicles:
2
Operates Form:
Rented: Office, Warehouse
Location: Central Business Area , Main Road
Mellat Bank
Auditor: Mr. Hussein Mohammadi Neyestani
Solicitor: Mr. Nemat Rastegar
Imports From: China, India
Importing Terms: Bank Transfer
Import % and type of product: 100% Finished Goods
Export % and type of product: Subject does not export
No Related companies
Subject's payments reported to be: NO COMPLAINTS
Reporter Comment Date:
22/08/2014
Following to the interview with Mrs. Faezeh Bagher Panahi ( Managing Director), he
confirmed it.
Local Reputation:
The company being investigated is considered by local reporters to be a Mediun
Trade Risk and To Be Fair.
Owner/Shareholders Comments:
All
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.60.43 |
|
|
1 |
Rs.100.12 |
|
Euro |
1 |
Rs.79.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
TPT |
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 |
|
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 |
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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 |
|
<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.