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Report Date : |
14.01.2014 |
IDENTIFICATION DETAILS
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Name : |
TAMIN ABZAR IRAN COMPANY |
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Registered Office : |
6th App. No. 141, Shahid Shokrolah Alley, North Karegar (Amirabad) Ave
Tehran |
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Country : |
Iran |
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Date of Incorporation : |
24.08.1989 |
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Reg. No.: |
55293 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
The subject road construction and building materials, bricks, paving,
cement. |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – 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: TAMIN ABZAR IRAN COMPANY
Company Trade Name: Tamin
Abzar Company
Address:
6th App. No. 141, Shahid
Shokrolah Alley,
North Karegar (Amirabad)
Ave
Tehran, Iran
P O Box 15875-3814
Postal Address:
1413683137
Telephone: + 98 21 88008444
Fax: + 98 21 88006566
Website:
-
E-mail:
taminabzar@yahoo.com
Current Legal Form:
Private Joint Stock Company
Registration Address: 6th App. No. 141, Shahid Shokrolah Alley,
North Karegar (Amirabad) Ave
Tehran, Iran
Start Date: 24/08/1989
Registration Number: 55293
Registration Date:
24/08/1989
Registration Town:
Iran
National Code ID:
10101004121
Currency: Iranian Rials
Nominal capital:
150,000,000
|
Number of Shares:
15,000 |
Type of Shares: |
|
Issued Shares: |
Value per share: 10,000 |
|
Shareholder Names |
% of Voting/Non-Voting
Capital |
|
Khodadad - Family |
85% |
|
Mrs. Sonia Nozari |
15% |
Name:
Mr. Amir Khodadad
Position within the company: Chairman
Country of Birth: Iran
Nationality:
Iranian
Can fluently speak: Farsi- English
National Code ID: 0055342019
Name:
Mrs. Anahita Khodadad
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID: 0054646774
Name: Mr. Hasan Khodadad
Position within the company: Managing
Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
National Code ID: 6649715751
Name: Mrs. Sonia Nozari
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
National Code ID:
0054646774
The subject road construction and building materials, bricks, paving,
cement.
Local Reporters consider the investigated company to be Medium
in their field of concern.
Employees
Company Employs:
10
HQ Premises
Operates from:
Owned, Office, Warehouse
Location: Central Business Area, Main Road
Imports
Imports :
Finished Goods
Import%:
40 %
Import from: Europe
Import terms: letters of credit
Additional: Balance of 70 % 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: 6
No Related companies.
Sepah Bank
Solicitor: Mr. Amir Hossein Rashedi
( National Code ID: 3255243971 )
Auditors: Mr. Siamak
Doulatshahi ( National Code ID:
3255110726 )
Subject's payments reported to be: Non- Complaint
Name/Title: Mr. Hasan Khodadad - Managing Director
Note:
Trade name of the subject is Tamin Abzar Company.
Note:
The registered name of company is Tamin Abzar Iran Company.
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 Family Business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
|
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.84.11 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.