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Report Date : |
02.06.2014 |
IDENTIFICATION DETAILS
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Name : |
GHOLAM ALI AFKHAMI |
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Registered Office : |
Unit 1, No. Perjamaly Alley, Shariati St Tehran 16119-44511 |
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Country : |
Iran |
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Date of Incorporation : |
16.08.2012 |
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Com. Reg. No.: |
2519 |
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Legal Form : |
Proprietorship Concern |
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Line of Business : |
Subject is the general trading concern and supplier of all kinds of products based on the demands of its clients, construction materials, machineries & foodstuffs |
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No of Employees : |
03 |
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 : |
Small Concern |
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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.
|
Source
: CIA |
Concern Name: Gholam Ali Afkhami
Address: Unit 1, No. Perjamaly Alley, Shariati St
Tehran 16119-44511, Iran
Telephone: +98 912 1069702
Fax: +98 21 77609796
E-mail: gholamali@msn.com
Current Legal Form: Proprietorship Concern
Registration Address: Unit 1, No. Perjamaly Alley, Shariati St
Tehran 16119-44511, Iran
Start Date: 16/08/2012
Registration Number: 2519
Registration Date: 16/08/2012
Registration Town: Tehran
Currency: Iranian Rials
Nominal capital: 1,000,000
|
Shareholder Names |
% of Voting/Non-Voting Capital |
|
Mr. Gholam Ali Afkhami |
100% |
Name: Mr. Gholam Ali Afkhami
Position within the concern : Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Hussein Ziyaei
Position within the concern : Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mrs. Nasim Javadi
Position within the concern : Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Operations
It is the general trading concern, and supplier of all kinds of products based on the demands of its clients, construction materials, machineries & foodstuffs
Local Reporters consider the investigated concern to be small in their field of concern.
Concern Employs: 3
Operates from: Rented, Office
Location: Central Business Area
Imports : Finished Goods
Import%: 60%
Import from: China, India
Import terms: letters of credit
Additional: Balance of 40 % purchased via local market
It doesn’t any export.
Territory: 100 % Nationality
Type of Customer: Group Companies, Retailers
Terms of sales: letters of credit
Vehicles: Total number of vehicles: 2
No Related Companies
Tejarat Bank
· Solicitor: Mr. Shahram Asghari
· Auditors: Mr. Kambiz Bahremand
Subject's payments reported to be: Non- Complaint
Name/Title: Mrs. Nasim Javadi - Director
Local Reputation: The concern being investigated is considered by local reporters to be a
High Trade Risk and to be secured.
Owner/Shareholders Comments: All of owners involved 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.59.03 |
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|
1 |
Rs.98.91 |
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Euro |
1 |
Rs.80.33 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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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 |
|
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.