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Report Date : |
01.07.2014 |
IDENTIFICATION DETAILS
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Name : |
BORNA MEHR KHORASAN INDUSTRY SUPPLY TRADING COMPANY |
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Registered Office : |
Unit 5, No.16, Palastine Ave, Mashhad, |
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Country : |
Iran |
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Date of Incorporation : |
12.07.2012 |
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Com. Reg. No.: |
45598 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Supplier of industrial machineries |
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No. of Employees |
08 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 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 |
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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
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Source
: CIA |
Legal Company Name: BORNA MEHR KHORASAN INDUSTRY
SUPPLY TRADING COMPANY
Also Known as : B.M.K. Co.
Address: Unit 5, No.16, Palastine Ave, Mashhad, Iran
Tel: +98 511 7673049
Fax: +98 511 7258280
Website: www.bmk-is.com
E-mail: info@bmk-is.com
Company was originally started as an
on 2012.
Current Legal Form: Private Joint Stock Company
Registration
Address: Unit 29, No.17, Samaneh Alley, Ferdousi St
Mashhad, Iran
Registration Number: 45598
Registration Date: 12/07/2012
Registration Town: 12/07/2012
National id:
10380615310
Capital: 1,000,000
Share No:
1,000
Share Value: 1,000
Paid Up Capital: 1,000,000
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Shareholder Names |
Share% |
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Kamrannia family |
80% |
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Mrs. Vahideh Emrouzian |
20% |
Name: Mrs. Vahideh Emrouzian
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Kamran
Kamrannia
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Shahrouz Kamrannia
Position within the company: Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Supplier of industrial machineries.
Clients:
Amirkabri Steel Company
Khorasan Steel Company
Zobe Ahan Esfahan Company
Shargh Siman Company
Local Reporters consider the investigated company to be Small in their field of concern
Company Employs: 8
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, Workshop
Location: Central
Business Area , Main Road
Mellat Bank
Branch: Felestin
Auditor: Mrs. Maliheh Moradi
Solicitor: Mr. Ali Baghernia
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
Following to the interview with Mr. Shahrouz
Kamrannia ( 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:
None of the owners / shareholders have an active participation in the running of
the business.
Age of Business: Under 5 Year
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.09 |
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|
1 |
Rs.102.33 |
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Euro |
1 |
Rs.82.01 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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-- |
NB |
New Business |
-- |
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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.