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Report Date : |
06.06.2014 |
IDENTIFICATION DETAILS
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Name : |
TEST SANAT CHABAHAR FREE ZONE COMPANY |
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Registered Office : |
Chabahar Sanati Zone, Chabahar |
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Country : |
Iran |
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Date of Incorporation : |
11.08.2010 |
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Com. Reg. No.: |
424068 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufacture & Supplier of Industrial machinery & equipment. |
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No. of Employees : |
88 |
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 Name: TEST SANAT CHABAHAR FREE
ZONE COMPANY
Also Known as:
Test Sanat Company
Address: Apt 102, No 63, Sattari Blvd, Africa Ave, Tehran 1968815813, Iran
Tel: +98 21 88205315-20
Fax: +98 21 88783247
Website:
www.testsanat.com
E-mail: info@testsanat.com
Company was originally started as an
on 2010
Current Legal Form: Private Joint Stock Company
Registration Address: Chabahar Sanati Zone, Chabahar, Iran
Registration Number: 424068
Registration Date: 11/08/2010
Registration Town: 11/08/2010
National id:
10862012719
Capital:
3,000,000,000
Share No:
1,000
Share Value: 3,000,000
Paid Up Capital: 3,000,000,000
|
Shareholder Names |
Share% |
|
Mr. Mehdi Azimi Nejadan |
70% |
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Mr. Azim Azimi Nejadan |
20% |
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Mrs. Fahimeh Alabaf |
10% |
Name: Mr. Mehdi Azimi
Nejadan
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Azim Azimi Nejadan
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mrs. Fahimeh Alabaf
Position within the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Ali Ansarian
Position within the company: Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Manufacture & Supplier of
Industrial machinery & equipment.
Branches:
Factory : No 23, Phase 3, Hashtgerd
Industrial Zone, Iran
Tel: +98 264 4226077
Fax: +98 246 4226199
Premised: Owned- Factory
Local Reporters consider the investigated company to be Medium in their field of concern
Company Employs: 88
Sales:
100% Nationally
Sales to: Group companies, General Public
Sales Term: Cash, Bank
Transfer, accept credit, Letter of credit
Vehicles: 8
Operates Form:
Owned: Office, Factory
Location: Central
Business Area, Main Road
No Data
Auditor: Mr. Ghaed Nadoumi
Solicitor: Mr. Pejman Khayat Naderi
Imports From: India
Importing Terms: Bank
Transfer
Import % and type of product: 100% Finished Goods
Export % and type of product: Subject does not export
No Related companies
Subject's payments reported to be: NO COMPLAINTS
Following to
the interview with Mr. Ali Ansarian (
Managing Director), he confirmed it.
The registered name of company is Test Sanat Chabahar Free Zone Company .
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 the owners / shareholders have an active participation in the running of
the business.
Age of Business: Under 5 year
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.30 |
|
|
1 |
Rs.99.34 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
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Report Prepared
by : |
NNA |
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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.