MIRA INFORM REPORT

 

 

Report Date :

09.06.2014

 

IDENTIFICATION DETAILS

 

Name :

ABDULLAH MOTAMED QESHMI

 

 

Registered Office :

Ferdosse Mall Office No 3004, Qeshm Island Post 7951915315

 

 

Country :

Iran

 

 

Date of Incorporation :

16.09.2009

 

 

Com. Reg. No.:

7402

 

 

Legal Form :

Proprietorship 

 

 

Line of Business :

Supplier of all kinds of products based on the demands of its clients such as foodstuffs, machineries

 

 

No. of Employees :

3

 

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 :

Unknown

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 Details

 

Company Name:                 ABDULLAH MOTAMED QESHMI

 

Company Trade Name:       -       

 

Address:                                Ferdosse Mall Office No 3004

                                                Qeshm Island Post 7951915315, Iran

                                                    

Telephone:                           +98 76 35222669 / 35221897

 

Fax:                                      + 98 76 35229296

 

Website:                               -   

 

E-mail:                                  qeshmi@msn.com

 

 

Registration & Legal Details

 

Current Legal Form:                Proprietorship 

 

Registration Address:            Ferdosse Mall Office No 3004

                                               Qeshm Island Post 7951915315, Iran

 

Start Date:                                 16/09/2009 

 

Registration Number:              7402

 

Registration Date:                    16/09/2009  

 

Registration Town:                   Qeshm

 

 

Capital 

                                                   

Currency:                                     Iranian Rials

Nominal capital:                           1,000,000

 

Number of Shares: 1,000

Type of Shares:  

Issued Shares: 

Value per share: 1,000

 

Shareholders

 

Shareholder Names

% of Voting/Non-Voting Capital

Abdullah Motamed Qeshmi

100%

 

 

Principals

 

Name:                                                  Mr. Abdullah Motamed Qeshmi

Position within the company:              General Manager

Country of Birth:                               Iran

Nationality:                                        Iranian

Can fluently speak:                           Farsi- English

National Code ID:                             -

 

Name:                                                 Mr. Ali Javani

Position within the company:            Manager

Country of Birth:                              Iran

Nationality:                                       Iranian

Can fluently speak:                          Farsi- English

National Code ID:                        

 

Name:                                               Mr. Shahin Tafreshi

Position within the company:         Manager

Country of Birth:                            Iran

Nationality:                                     Iranian

Can fluently speak:                        Farsi- English

National Code ID:                           -

 

 

Company Activities

 

Supplier of all kinds of products based on the demands of its clients such as foodstuffs, machineries

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

 

 

Employees 

 

Company Employs:                 3

 

 

 

HQ Premises

 

Operates from:                        Rented, Office

Location:                                Central Business Area

 

 

Imports

 

Imports :                                    Finished Goods

Import%:                                    100 %

Import from:                             Worldwide

Import terms:                          letters of credit

 

 

Export

 

Exports to:                                               -

Exporting Terms:                                   -

Export % and type of product:            -

 

 

Trading & Selling

 

Territory:                                               100% Nationality

Type of Customer:                                Retailers

Terms of sales:                                       letters of credit

Vehicles:                                                Total number of vehicles: 3

 

 

Related Companies

 

No related companies.

 

 

Banks

 

Saderat Bank

 

 

Financial Information

 

Solicitor:  Mr.  Sadegh Farahani

Auditors: -

 

 

Payments

 

Subject's payments reported to be: Unknown      

 

 

interview & reporter comments       

 

Name/Title:                                   Mr. Abdullah Motamed Qeshmi   - General Manager

 

Local Reputation: The company 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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.20

UK Pound

1

Rs.99.52

Euro

1

Rs.80.83

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

NNA

 

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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