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Report Date : |
14.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
KISH PARSIAN INTERNATIONAL PROCUREMENT COMPANY |
|
|
|
|
Registered Office : |
No.10, 5th Floor, No. 130 BO Building, Corner of Central
Refah, Bank, Sanaei
Sq, Kish Island
|
|
|
|
|
Country : |
Iran |
|
|
|
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Date of Incorporation : |
31.01.2011 |
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|
|
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Com. Reg. No.: |
8929 |
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|
|
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Legal Form : |
Private Joint Stock Company |
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|
|
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Line of Business : |
Subject is general trading company and supplier computer accessories
and machineries. |
|
|
|
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No. of Employees : |
7 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Business |
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Payment Behaviour : |
No complaints |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Iran |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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: KISH
PARSIAN INTERNATIONAL PROCUREMENT COMPANY
Address:
No.10, 5th Floor, No.130 BO Building , Corner of Central Refah
Bank, Sanaei Sq
Hormozgan-Kish Island 7941775779
Iran
Telephone:
+98 764 4420932, 09127964995
Fax:
+98 764 4420932
Website:
-
E-mail: parsian@gmail.com
Current Legal Form:
Private Joint Stock Company
Registration Address:
No.10, 5th Floor, No.130 BO
Building , Corner of Central Refah
Bank, Sanaei Sq
Kish Island
Iran
Start Date: 31/01/2011
Registration Number: 8929
Registration Date:
31/01/2011
Registration Town:
National Code ID: 10980156857
Note:
Cleared Branch Office Address
Cleared Date: 25/08/2013
Branch Office: No. 101-103,
Beetween Mofateh and Somayeh St, Somayeh Ave
Tehran,
Iran
Currency: Iranian Rials
Nominal capital:
200,000,000
|
Number of Shares:
2,000 |
Type of Shares: |
|
Issued Shares: |
Value per share: 100,000 |
|
Shareholder Names |
% of Voting/Non-Voting Capital |
|
Mr. Azim Monzavi |
40% |
|
Mr. Hamid Reza
Soraya |
50% |
|
Mr. Ghasem Ali
Ebrahimi
|
10% |
Name:
Mr. Hamid Reza Soraya
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
National Code ID:
Name: Mr. Azim Monzavi
Position within the company: Vice Chairman& Managing Director
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
National Code ID:
Name: Mr. Ghasem Ali Ebrahimi
Position within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
National Code ID:
-
Name: Mr. Yousef Kiramat Amr Kalaei
Position within the company: Member(Out of shareholder)
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
National Code ID:
It is general trading company and supplier computer accessories and
machineries.
Local Reporters consider the investigated company to be
small
in their field of concern.
Company Employs: 7
Operates from:
Rented, Office, Warehouse
Location: Central Business
Area, Main Road
Imports :
Finished Goods
Import%:
45 %
Import from: Europe, Dubai
Import terms: letters of credit
Additional: Balance of 55 % purchased via
local market
It doesn’t any export.
Territory:
100 % Nationality
Type of Customer:
Group Companies, Retailers
Terms of sales:
letters of credit
Vehicles: Total number of vehicles:
3
No related companies
Bank Tejarat
Branch: Hourmozgan, Iran
Solicitor: Hoshyar Momaeiz Auditing Institute
Auditors: Montakhabe Baser Financial Services Institute
Subject's payments reported to be: Non- Complaint
Name/Title: Mr. Azim Monzavi - Managing Director
He confirmed it.
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: Under Five Business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.27 |
|
|
1 |
Rs.103.47 |
|
Euro |
1 |
Rs.84.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
|
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 |
|
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 |
|
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.