MIRA INFORM REPORT

 

 

Report Date :

06.06.2014

 

IDENTIFICATION DETAILS

 

Name :

PARS MAHAR COMPANY

 

 

Registered Office :

Farsh Iran 305 Hakimnezami Sq, Isfahan

 

 

Country :

Iran

 

 

Date of Incorporation :

11.08.2000

 

 

Com. Reg. No.:

7526

 

 

Legal Form :

Private Joint Stock Company

 

 

Line of Business :

Manufacture of  mattress, textiles

 

 

No of Employees :

32

 

 

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 :

No Complaints

 

 

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

 

Company Details

 

Legal Company Name:                         Pars Mahar Company

 

Also Known as :                                   Iran Farsh Pars Mahar Company

 

 

 Address:                                                         Farsh Iran 305 Hakimnezami Sq, Isfahan, Iran

 

 

Tel:                                                                  +98 311 6276150, 6240026, 625454/ +98 312 5642767, 5643167

 

 

Fax:                                                                  +98 311 6276029

                                                 

 

Website:                                                -

 

E-mail:                                                             mehdi563@hotmail.com

 

Company was originally started as an on 2000

 

 

Registration & Legal Details

 

Current Legal Form:                             Private Joint Stock Company

 

Registration Address:                           Farsh Iran 305 Hakimnezami Sq, Isfahan, Iran

                                                                 

Registration Number:                           7526

Registration Date:                                 11/08/2000

Registration Town:                               11/08/2000

National id:                                          10260286330

Capital:                                               1,000,000,000

Share No:                                             1,000

Share Value:                                        1,000,000

Paid Up Capital:                                   1,000,000,000

 

 

Shareholders

 

 

Shareholder Names

Share%

 

 

Mostashar family

 

 

100%

 

 

 

Principals

 

Name:                                                  Mr. Mohammad Mehdi Mostashar

Position within the company:               Chairman

Country of Birth:                                  Iran

Nationality:                                           Iranian

Can fluently speak:                               Farsi-English

 

 

Name:                                                  Mr. Mohsen Mostashar

Position within the company:               Vice Chairman 

Country of Birth:                                  Iran

Nationality:                                           Iranian

Can fluently speak:                               Farsi- English

 

 

Name:                                                  Mr. Masoud Mostashar

Position within the company:               Managing Director 

Country of Birth:                                  Iran

Nationality:                                           Iranian

Can fluently speak:                               Farsi- English

 

 

Activations

 

Manufacture of  mattress, textiles.

 

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

 

 

Operations

 

Company Employs:                  32                        

 

Sales:                                      100% Nationally

Sales to:                                  Group companies, General Public

                                                     

 

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

Vehicles:                                  5

 

 

HQ Premises

 

Operates Form:                         Rented: Office, Workshop

                                                              

                                                                                                                                                                                                            

 Location:                                  Central Business Area , Main Road

 

 

Bankers

 

Mellat Bank

 

 

Financial

 

Auditor:  Mr. Akbar Fazilati

Solicitor: Mr. Mir Mohammad Sadeghi

 

 

Imports

 

Imports From:                                                              China, India

Importing Terms:                                             Bank Transfer

Import % and type of product:                          100% Finished Goods

 

 

Export

 

Export % and type of product:                   Subject does not export

 

 

Related Companies

 

No Related companies

 

 

Payment

 

Subject's payments reported to be:  NO COMPLAINTS

 

Interview & Reporter Comments

 

 Following to the interview with Mr. Masoud Mostashar    ( Managing Director), he confirmed it.

 

 

Conclusions

 

Local Reputation:

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

 

 

Owner/Shareholders Comments:       None of the owners / shareholders have an active participation in the running of 

the business.

 

 

Age of Business:  Old family Business

 

 

Note: the registered name of company is Pars Mahar Company.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 59.29

UK Pound

1

Rs. 99.34

Euro

1

Rs. 80.69

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

DPT

 

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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