|
Report Date : |
14.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
RAY DANEH COMPANY |
|
|
|
|
Registered Office : |
Unit 4, 6th Floor, No. 47, West Farzan St, Before Zafar St, Vali, Asr Ave,
Tehran |
|
|
|
|
Country : |
Iran |
|
|
|
|
Date of Incorporation : |
24.07.1991 |
|
|
|
|
Com. Reg. No.: |
88109 |
|
|
|
|
Legal Form : |
Private Joint Stock
Company |
|
|
|
|
Line of Business : |
Trader and supplier of types of animal’s food, barley, wheat, fish
meal. |
|
|
|
|
No of Employees : |
15 |
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 |
|
|
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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: Ray
Daneh Company
Address: Unit 4, 6th
Floor,
No. 47, West Farzan St, Before Zafar St, Vali
Asr Ave
Tehran, Iran 1968716353
Telephone: + 98 21
88870100, 88870108-9, 88884800, 88870150, 09122872622
Fax: + 98 21 88870105
Website: www.raydanehco.com
E-mail: raydaneh@raydanehco.com
Current Legal Form:
Private Joint Stock Company
Registration Address: Unit 4, 6th Floor, No. 47, West Farzan St, Before Zafar St, Vali
Asr Ave.
Tehran, Iran 1968716353
Start Date: 24/07/1991
Registration Number: 88109
Registration Date: 24/07/1991
Registration Town: Tehran
National Code ID: 10101325173
Note:
Former Legal
Name: Rey MachineCompany
Date of
Change: 17/04/1995
Currency: Iranian Riyals
Nominal capital: 200,000,000
|
Number of Shares: 200,000 |
Type of Shares: |
|
Issued Shares: |
Value per share: 1,000 |
|
Shareholder Names |
% of Voting/Non-Voting Capital |
|
Navid – Family |
85% |
|
Mr. Seyed Mahdi Esmaeili Araghi
|
15% |
|
Name: Mr.
Eng. Hamid Navid
|
|
Position
within the company:
Chairman |
|
Country
of Birth: Iran |
|
Nationality: Iranian |
|
Can
fluently speak: Farsi- English |
|
National
Code ID: 0450049744 |
|
|
|
Name: Mr.
Abdol Majid Navid |
|
Position
within the company: Vice Chairman |
|
Country
of Birth: Iran |
|
Nationality: Iranian |
|
Can
fluently speak:
Farsi- English |
|
National
Code ID:
0030779960 |
|
|
|
|
|
Name: Mr.
Reza Movaghar |
|
Position
within the company:
Managing Director (Out of shareholder) |
|
Country
of Birth: Iran |
|
Nationality: Iranian |
|
Can
fluently speak:
Farsi- English |
|
National
Code ID:
155-194518-5 |
|
|
|
|
|
Name: Mr. Seyed Mahdi Esmaeili
Araghi
|
|
Position
within the company:
Member |
|
Country
of Birth: Iran
|
|
Nationality: Iranian |
|
Can
fluently speak:
Farsi- English |
|
National
Code ID:
0385848951 |
|
|
|
|
|
Name: Mr.
Chehreghani
|
|
Position
within the company:
Commercial Manager |
|
Country
of Birth: Iran
|
|
Nationality: Iranian |
|
Can
fluently speak:
Farsi- English |
|
National
Code ID:
|
It is trading company and supplier of types of animal’s food, barley,
wheat, fish meal.
Local Reporters consider the investigated company to be
Small in their field of concern.
Employees
Company Employs: 15
HQ Premises
Operates from: Owned, Office, Warehouse
Location: Central Business
Area, Main Road
Imports
Imports : Finished Goods
Import%: 45%
Import from: Europe, India
Import terms: letters of credit
Additional: Balance of 55% purchased via local
market
Export
It doesn’t any export.
Trading & Selling
Territory: 100 % Nationality
Type of Customer: Group Companies, Retailers
Terms of sales: letters of credit
Vehicles: Total number of vehicles:
10
No related companies
Bank Eghtesad
Novin
Branch: Tehran,
Iran
Solicitor: Mrs. Sepideh Jalilian (National Code ID:
0060280085)
Auditors: Agahgar Taraz Auditing
Institute (National Code ID: 10100536180)
Subject's payments reported to be:
Non- Complaint
Name/Title: Mr. Reza Movaghar - Managing Director
He confirmed it.
Local Reputation: The company being investigated is considered by local reporters to be a Medium Trade Risk
and to be fair.
Owner/Shareholders Comments:
All of owners involved in the running of the
business
Age of Business: Old Family Business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.27 |
|
|
1 |
Rs. 103.46 |
|
Euro |
1 |
Rs. 84.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.