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Report Date : |
12.02.2014 |
IDENTIFICATION DETAILS
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Name : |
ESFAHAN MOBARAKEH STEEL COMPANY |
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Registered Office : |
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Country : |
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Date of Incorporation : |
05.06.1991 |
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Com. Reg. No.: |
7841 |
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Legal Form : |
Public Joint
Stock Company |
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Line of Business : |
Manufacturer of flat steels raging, iron and steel ingots
and billets, hot rolled iron and steel strip, billets, steel plates and cold rolled |
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No. of Employees : |
850 |
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 – December 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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: Esfahan Mobarakeh Steel Company
Company Trade Name: Mobarakeh
Steel Company, Mobarakeh Steel Complex
Address: Saadat Abad
St, Azadi Sq, 15th KM South West of Mobarakeh, Isfahan
Isfahan 8168645497 POBox:
84815161
Iran
Telephone: +98 311 3325325 , 335
5433501, 335 5433333
Fax: +98 311 3324324
Website: www.msc.ir,
www.mobarakeh.com
E-mail: info@mobarakeh-steel.ir
Current Legal
Form: Public Joint
Stock Company
Registration
Address: Saadat Abad St,
Azadi Sq, 15th KM South West of Mobarakeh, Isfahan
Isfahan 8168645497 POBox: 84815161
Iran
Start Date: 05/06/1991
Registration
Number: 7841
Registration
Date: 05/06/1991
Registration
Town: Esfahan
National Code ID: 10260289464
Note:
Former Legal Form:
Private Joint
Stock Company
Date of change: 10/05/2004
Note:
The registered name of company is Esfahan
Mobarakeh Steel Company.
Currency: Iranian Rials
Nominal
capital:
25,800,000,000,000
|
Number of Shares:
25,800,000,000 |
Type of Shares: |
|
Issued Shares: |
Value per share: 1,000 |
|
Shareholder
Names |
% of
Voting/Non-Voting Capital |
|
Sarmayeh
Gozari Sadr- e- Tamin Company Iran |
|
|
Iranian
Mines and Mining Industries Development and Renovation Organization Iran |
|
|
Sarmayeh
Gozari Andeshih Mehvaran Company Iran |
|
|
Sarmayeh
Gozari Ostan Kerman Company Iran |
|
|
Sarmayeh
Gozari Ostan Yazd Company Iran |
|
|
Local Investors |
|
Name:
Mr. Mohammad Ali Yazdanjoo
Position within
the company: Chairman
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi- English
National Code ID: 1262630568
Name: Mr. Bahram Sobhani
Position within
the company: Member
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi-
English
National Code ID: 1284464297
Name:
Mr. Morteza Talaei
Position within
the company: Member& Technical Manager
Country of
Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID: 1285460286
Name: Mr. Mohsen
Poorsina
Position within
the company: Member
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi- English
National Code ID: 1284629074
Name:
Mr. Farshid Oveisi
Position within
the company: Purchasing Manager
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi-
English
Name:
Mr. Mehdi Tavallaeian
Position within
the company: Technical Manager
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi-
English
Name:
Mr. Ali Sharifi
Position within
the company: Sales Manager&
Marketing Manager
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi-
English
Name: Mr. Iraj Soltani
Position within
the company: R&D /
Engineering Manager
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi-
English
Name:
Mr. Mamood Arbabzadeh
Position within
the company: Production
Manager& Operating Officer
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi-
English
Name:
Mr. Mansour Nosouhi
Position within
the company: IT Manager
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi-
English
Name:
Mr. Mohammad Torabian
Position within
the company: HR Manager
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi-
English
Name:
Mr. Amir Hosein Naderi
Position within
the company: Finance Manager
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi-
English
Name:
Mr. Masoud Talebian
Position within
the company: Export Manager
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi-
English
Name:
Mr. Bahman Masoodi
Position within
the company: Design &
Development Officer
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi-
English
Name: Mr.
Houshang Omrani
Position within the
company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi-
English
Name: Mr.
Gholam Hossein Taghi Nattaj
Position within
the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi-
English
Name: Mr. Mahmood Akbari
Position within
the company: Marketing Officer
Country of Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi-
English
Name: Mr.
Alireza Sanei
Position within
the company: Public Relations Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi- English
Name:
Mr. Farzad Arzani
Position within
the company: Technology Officer
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Manufacturer of flat steels raging, iron and steel ingots and
billets, hot rolled iron and steel strip, billets, steel plates and cold rolled.
Branches:
Saadat Abad St, Azadi Sq, 15th KM South West
of Mobarakeh, Isfahan
Isfahan 11131-84881
Iran
Premised: Owned- Factory
Tel: + 98 311 3326573
Fax: + 98 311 2223784
Local Reporters consider the investigated company to be Large in their field of concern.
Company Employs: 850
Operates from: Owned, Offices, Warehouses,
Workshops, Laboratories, Factory
Location: Central Business
Area, Main Road
Imports : Raw
Materials
Import%: 30 %
Import from: Europe, Far East, Germany
Import terms: letters of credit
Additional: Balance of 80 % purchased
via local market
Export To: France
Exporting Terms: Bank Transfer
Export% and type
product: 30 % Finished
Goods
Territory:
70 % Nationality , 30%
Internationally
Type of Customer: Group Companies,
General Public
Terms of
sales: letters of credit
Vehicles: Total number of vehicles:
33
Subsidaries:
IRISA -Mobarakeh Engineering Company
Hormozgan Steel Company(HOSCO)
Sani Kaveh Company
Tara Steel Company
Foolad Sang Company
Sepahan Sport Club
TAMCO
Tuka Cement Company
Atiyeh Foolad Company
Metil Steel Company
Felez Tadarok Company
Sangan Iron & Steel Company
Esfahan Mobarakeh Steel Taavoni Masraf
Karkonan Company
Esfahan Mobarakeh Steel Taavoni Maskan
Karkonan Company
Name: Esfahan
Steel Company. (Affiliated )
Bank Tejarat
Solicitor: -
Auditors: Iran Auditing Corporate
Subject's payments
reported to be: Non- Complaint
Date: 10 /02 /2014
Name/Title: Mr. Bahram Sobhani
- Director , he confirmed it.
Note:
Trade name of the subject is Mobarakeh
Steel Company, Mobarakeh Steel Complex.
Note:
The address which you provided is
not a complete one.
15th KM South West of Mobarakeh, Isfahan
Note:
Quality assessment: Iran's association of environment
experts' Award:2002
10015 ISO Quality of
Training
Note:
The subject has cities Service centers in
Tabriz, Esfahan, Karaj, Boshehr, Tehran, Ahwaz, ...
1.
Foolad Gostar Yazd Company
No.2, 57 Alley, Motahari St
Yazd, Iran
Mr. Aboshamseya
Tel: + 98 351 5231601 -4, 88067616-18
Fax: + 98 351 5231604
Mobile No: + 98 0913 1510222
2.
Sanat Feliz Fars Company
Corner of Gas Station, Amir Kabir Blvd
Shiraz, Iran
Mr. Dehghan
Tel: + 98 711 8421783 – 6
Fax: + 98 711 8423795
Mobile No: + 98 917 1177223
3.
Pars Foulad Mobin Company
Corner of 12th St, Tarh Toseih Bolvar Azadi, Baharistan Blvd,
Shams Abad Industrial Town
Tehran, Iran
Mr. Shafei
Tel: + 98 21 56229101-3
Fax: + 98 21 56229105
Mobile No: + 98 912 1332318
Note:
Shares
Esfahan Mobarakeh Steel Company
Tel: + 98 335 543-3935
Fax: + 98 335 543-3922, 311
6682843
e-mail: saham@msc.ir
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: Old Business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.43 |
|
|
1 |
Rs.102.48 |
|
Euro |
1 |
Rs.85.28 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
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 |
|
-- |
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.