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Report Date : |
23.07.2014 |
IDENTIFICATION DETAILS
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Name : |
PETROCHEMICAL
COMMERCIAL COMPANY |
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Registered Office : |
No.2499, |
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Country : |
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Date of Incorporation : |
22.07.1990 |
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Com. Reg. No.: |
79456 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
· engaged purchasing and selling chemicals and aromatics, oil products, polymers, liquid petroleum gas, and fertilizers. Engaged in trading of oil products and polymers, such as
polypropylene, polyethylene, polystyrene, naphtha, base oil, fuel oil,
kerosene, methyl tert-butyl ether, gas oil, gasoline, and normal hexane;
chemicals and aromatics, including styrene monomer, CAN, phenol, acetone,
mixed xylene, acetic acid, VCM, epi
chloro hydrine, and mono ethylene glycol; and urea, ammonium nitrate,
ammonium sulfate, and ammonia. |
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No of Employees : |
260 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 |
Company Name:
Petrochemical Commercial Company
Company Trade Name: PCC
Address:
No.2499, Vali Asr Ave, Vanak Sq, Tehran, Iran
Postal Code:
POBOX 19395/4619
Tehran 1969713113
Iran
Telephone: +98 21 82851
Fax: +98 21
82853001, 82853002
Website:
www.petrochem-ir.net
E-mail: info@petrochem-ir.net
Current Legal Form: Private Joint Stock
Company.
Registration Address:
No.2499, Vali Asr Ave, Vanak Sq, Tehran, Iran
Start Date: 22/07/1990
Registration Number: 79456
Registration Date: 22/07/1990
Registration Town: Tehran
National Code ID: 10101242534
Currency:
Iranian Rials
Nominal capital: 25,000,000,000
|
Number of Shares: 25,000,000 |
Type of Shares: |
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Issued Shares: |
Value per share: 1000 |
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Shareholder Names |
% of Voting/Non-Voting Capital |
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Petrochemical Industries Development Company |
5% |
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NPC International Co |
55% |
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Iran Investment Omran Co |
20% |
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Khalij Petrochemical
Industries Co |
5% |
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Iran Investment Co |
5% |
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Kala Bazaar Iranian Co |
5% |
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Fara Sahel Iran Co |
5% |
Name: Mr. Naser Ghorban
Position within the company: Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Jamshid Sabzkar
Position within the company: Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mrs. Seyed Abulhassan Seyed Khamoushi
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Abbas Samimi
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Alireza Alaei
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Mostafa Safa
Position within the company: Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Nosratollah NAzartalab
Position within the company: Director
Country of
Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Operations
The subject engages in petrochemical trading. The company primarily focuses on purchasing and selling chemicals and aromatics, oil products, polymers, liquid petroleum gas, and fertilizers. It handles the trading of oil products and polymers, such as polypropylene, polyethylene, polystyrene, naphtha, base oil, fuel oil, kerosene, methyl tert-butyl ether, gas oil, gasoline, and normal hexane; chemicals and aromatics, including styrene monomer, CAN, phenol, acetone, mixed xylene, acetic acid, VCM, epi chloro hydrine, and mono ethylene glycol; and urea, ammonium nitrate, ammonium sulfate, and ammonia.
Branches:
PCC Turkey
(Branch of PCC FZE)
PCC Beijing
(Branch of PCC Shanghai International Ltd.)
PCC Guangzhou (Branch
of PCC Shanghai International Ltd.)
P.C.C. (Shanghai) International Trading Co., Ltd Guangzhou
Member of Gulf Petrochemicals & Chemicals Association
Local Reporters consider the investigated company to be LARGE in their field of concern.
Company Employs: 260
Operates from: Owned, Office , Warehouse
Location: Central Business Area , Main Road
Imports : Finished Goods
Import%: 30%
Import from: Europe
Import terms: letters of credit
Exports : Finished Goods
Export%: 40%
Export to: Europe
Export terms: letters of credit
Territory: 40% Nationality, 60% International
Type of Customer: Group Companies, Retailers
Terms of sales: letters of credit
Vehicles: Total number of vehicles: 12
Affiliates:
PCC United Kingdom Comapny (U.K)
PCC Shanghai International Ltd.
Subsidiaries:
Iranian Investment Petrochemical Group – Iran
Apadana Petro Bazargan Co- Iran
Mellat Bank
Solicitor: Rahyaft Hamkaran Management Services Auditing Company
Auditors: Mr.
Majid Safaei
Subject's payments reported to be: Non- Complaint
Following to our interview with Mr. Mostafa Safa ( 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: Some of owners involved in the running of the business
Age of Business: Old Business
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.60.23 |
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UK Pound |
1 |
Rs.102.86 |
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Euro |
1 |
Rs.81.44 |
INFORMATION DETAILS
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Analysis Done by
: |
SUM |
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Report Prepared by
: |
MNL |
RATING EXPLANATIONS
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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 |
-- |
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.