MIRA INFORM REPORT

 

 

Report Date :

03.07.2014

 

IDENTIFICATION DETAILS

 

Name :

JAHAN GHIR PARS LTD

 

 

Registered Office :

2nd floor, No.30, Soroush St., Esfahan 8199734441

 

 

Country :

Iran

 

 

Date of Incorporation :

09.02.2013

 

 

Com. Reg. No.:

49208

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Supplier of Bitumen.

 

 

No. of Employees :

12                

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

New Business

 

--

 

 

Status :

New Business

Payment Behaviour :

Unknown

Litigation :

--

 

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)

Iran

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

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.

 

Source : CIA

 

 

Company Details

 

Company Name:                    JAHAN GHIR PARS LTD

 

Also Trade as:                          Pars Universal Bitumen                     

 

 Address:                                  42, 4th floor, Building Sepehr, Bahonar St, Esfahan 8199734441, Iran

 

Tel:                                            + 98 31 33458785

 

Fax:                                           + 98 31 33458781

                                                 

 Website:                                  - 

 

E-mail:                                      info@globallybitumen.com  

 

Company was originally started as an on 2013

 

 

Registration & Legal Details

 

Current Legal Form:                        Limited Liability Company

 

Registration Address:                    2nd floor, No.30, Soroush St

                                                       Esfahan 8199734441, Iran

Registration Number:                     49208

Registration Date:                           09/02/2013

Registration Town:                         Esfahan

National id:                                      10260675252

Capital:                                             1,000,000 Iranian Rials

 

 

Shareholders

 

Shareholders:

Shareholder Name

 

Share %

 

 Mr. Soroush Tale Pasand

50%

 Mrs. Leili Ghaznavi

50%

 

 

Principals

 

Name:                                               Mr. Soroush Tale Pasand

Position within the company:           Chairman

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                         Farsi-English

 

Name:                                                Mrs. Leili Ghaznavi

Position within the company:           Managing Director

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                        Farsi- English

 

Name:                                               Mr. Nader Tahmasebi

Position within the company:           Manager

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                        Farsi, English

 

 

Activations

 

Supplier of Bitumen.

 

Local Reporters consider the investigated company to be Medium   in their field of concern

 

 

Operations

 

Company Employs:               12               

 

Sales:                                      100% Nationally

Sales to:                                  Group companies, General Public

                                                    

 

Sales Term:                             Cash, Bank Transfer, accept credit, Letter of credit

Vehicles:                                 3

 

 

HQ Premises

 

Operates Form:                         Owned: Office, Warehouse

                                                             

                                                                                                                                                                                                             

 Location:                                  Central Business Area, Main Road,

 

 

Bankers

 

Bank Mellat

Iran

 

 

Financial

 

Auditor: Mr. Farhad Khorami

Solicitor: Mr. Jamal Husseini

 

 

Imports

 

Imports From:                                       China, India

Importing Terms:                                 Bank Transfer

Import % and type of product:               30% Finished Goods

 

 

Export

 

Export % and type of product:                   Subject does not export

 

 

Related Companies

 

No Data

 

 

Payment

 

Subject's payments reported to be:  UNKNOWN

 

 

Interview & Reporter Comments

 

Following to the interview with   Mrs. Leili Ghaznavi ( Managing Director), he confirmed it.

Note: the registered name of company is Jahan Ghir Pars Ltd.

Conclusions

 

Local Reputation:

The company being investigated is considered by local reporters to be a Medium Trade Risk and To Be Fair.

 

Owner/Shareholders Comments:       Some of the owners / shareholders have an active participation in the running of the 

business.

 

Age of Business: Under 5 Year

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.97

UK Pound

1

Rs.102.90

Euro

1

Rs.82.02

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

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