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Report Date : |
25.07.2014 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL
TRANSPORTATION FARIN FAR COMPANY |
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Registered Office : |
Unit 1, First floor,
No.10, 19 St, Ahmad Ghasir St,
Arjantin Sq, Tehran |
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Country : |
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Date of Incorporation : |
01.07.2001 |
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Com. Reg. No.: |
177394 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
subject is involved in forwarding and transporting of the goods by vessels. |
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No of Employees : |
10 |
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) |
|
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:
International Transportation Farin Far Company
Address: Unit 203, 2nd floor, Media Bldg,
Opposite of Melli Bank
Blouki Branch, Emam Mousa Sadr Ave, Bandar Abbas,
7913953119, Iran
Tel:
+98 21 88709900
Fax: +98 21 88702824
Email: farinfar@msn.com / farinfar@itair.com
Company was originally started on 2001
Current Legal Form:
Limited Liability Company
Registration Address:
Unit 1, First floor, No.10, 19
St
Ahmad Ghasir St, Arjantin Sq, Tehran, Iran
National Registration Number:
177394
Established Date: 01/07/2001
Registration Town: Tehran
National Code: 10102197224
Currency: Iranian Rials
Nominal capital:
110,000,000
|
Number of Shares: 110,000 |
Type of Shares: None Selected |
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Issued Shares: - |
Value per share: 1,000 |
Shareholders:
|
Shareholder Name |
Share % |
|
Tale family |
45% |
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Mr. Esmaeil Pour Jalal Perabotlou |
25% |
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Mr. Farokh Poushaei |
30% |
Name: Mr.Esmaeil Tale
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Persian, English
Name: Mr. Esmaeil Pour Jalal Perabotlou
Position within the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Persian, English
Name: Mr. Farokh Poushaei
Position within the company: Managing Director
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Persian, English
Name: Mr. Yusuf Tale
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Persian, English
The subject is involved in forwarding and transporting of the goods by
vessels.
Local Reporters consider the investigated company to be
SMALL in their field of concern
Company Employs:
10
Sales: Nationality,
Internationally
Sales to: Group Companies,
Importers, Exporters
Sales Term:
Letter of Credit, Special Agreement
Vehicles: 3
Operates Form: Owned: Office and
Warehouse, Factory
Location: Business
Area, Main Road
Saderat Bank
Tejarat Bank
Financial information is not available / applicable
It
doesn’t import.
It doesn’t export.
Affiliated:
Aria Farin Jaam Co
Iran
Subject's payments reported to be: NO COMPLAINTS
Name/Title: Mr. Majid Hajilou - Manager
Subject has confirmed the general details provided in the report.
Local Reputation:
The company being investigated is considered by local reporters to be a Medium Trade Risk
Local informants consider granting of credit to be a fair trade risk
Owner/Shareholders Comments: Some of the owners / shareholders have an active participation in the running of the business.
Age of Business: Old family Business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.00 |
|
UK Pound |
1 |
Rs.102.19 |
|
Euro |
1 |
Rs.80.68 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
MNL |
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 |
|
<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.