MIRA INFORM REPORT

 

 

Report Date :

23.07.2014

 

 

 

Tel. No.:

+982188974395

 

IDENTIFICATION DETAILS

 

Name :

AZARBINESH CO LTD

 

 

Registered Office :

76 East Sahand Alley, Baba Taher St, Shahid Fatemi Ave, 3rd floor,  Tehran,

 

 

Country :

Iran

 

 

Date of Incorporation :

25.03.1992

 

 

Com. Reg. No.:

100554

 

 

Legal Form :

Limited Liability Company 

 

 

Line of Business :

Importer of foodstuffs, chemical  and medical products

 

 

No. of Employees

10

 

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 :

Moderate

Payment Behaviour :

Unknown

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)

Iran

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate 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

 

 

 

NOTE

 

In absence of financials, no credit limit could be recommended.

 

Company name and address

 

 Company Name:                 AZARBINESH CO LTD

 

Address:                               76 East Sahand Alley, Baba Taher St, Shahid Fatemi Ave, 3rd floor,

                                               Tehran, Iran

                                          

Telephone:                           +98 21 88974395 , 88832079 , 88839503 

Fax:                                       +98 21 88839503 

 

Website:                                -

 

E-mail:                                   azarbinesh@msn.com

 

 

Registration & Legal Details

 

Current Legal Form:                       Limited Liability Company 

Registration Address:                    6th floor, No.13, Bahram Choubin Alley

                                                          Sepah Bod Gharani, Tehran 1584798817, Iran

Start Date:                                        25/03/1992

Registration Number:                    100554

Registration Date:                           25/03/1992

Registration Town:                         Tehran

National ID:                                      10101445280

Chamber of Commerce No:           391068

 

 

Capital 

                                                    

Currency:                                    Iranian Rials

Nominal capital:                       100,000,000      

 

                      


 

Shareholders

 

Shareholder Names

% of Voting/Non-Voting Capital

 Mr. Kamran Aali Daaei family

100%

 

 

Principals

 

Name:                                                Mr. Kamran Aali Daaei

Position within the company:          Director

Country of Birth:                               Iran

Nationality:                                        Iranian

Can fluently speak:                           Farsi- English

 

 

Name:                                                Mr. Reza Shakib

Position within the company:         Director

Country of Birth:                               Iran

Nationality:                                        Iranian

Can fluently speak:                           Farsi- English

 

 

 

Name:                                                Mr. Saman Torbai

Position within the company:         Director

Country of Birth:                               Iran

Nationality:                                        Iranian

Can fluently speak:                           Farsi- English

 

 

Name:                                                Mr. Houtan Sazesh

Position within the company:         Director

Country of Birth:                               Iran

Nationality:                                        Iranian

Can fluently speak:                           Farsi- English

 

 

Company Activities

 

 Importer of foodstuffs, chemical  and medical products.

 

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%:                                    80%

Import from:                           Poland, Italy, India

Import terms:                          letters of credit

Additional:                              Balance of 20  % 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: 3

 

 

Related Companies

Affiliates:

Shahamat Trading Company

Iran

Banks

 

Tejarat Bank

 

 

Financial Information

 

Solicitor:  Mr. Jamal Kiani                                           

Auditors: Mr. Shahin Asadi

Payments   

 

Subject's payments reported to be: Non- Complaint     

 

 

interview & reporter comments  

 

Name/Title:       Mr. Houtan Sazesh - Director

 

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.60.24

UK Pound

1

Rs.102.87

Euro

1

Rs.81.44

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIS

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.