MIRA INFORM REPORT

Report Date :

12.03.2014

IDENTIFICATION DETAILS

Name :	PEYMAN SANAT RUBBER INDUSTRIES COMPANY
Registered Office :	No 36, 3rd street, 1st Avenue, Jey Industrial Town Isfahan
Country :	Iran
Date of Incorporation :	03.10.1984
Com. Reg. No.:	6436
Legal Form :	Private Joint Stock Company
Line of Business :	Manufacture of roller coverings, steel industry rollers, textile industry rollers, film & foil, polyurethane cup and Pig .
No. of Employees :	200

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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 – September 30, 2013

Country Name	Previous Rating (30.06.2013)	Current Rating (30.09.2013)
Iran	B1	B1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	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 and address

Company Name: PEYMAN SANAT RUBBER INDUSTRIES COMPANY

Also Trade as: Peyman Sanat Elastic Industries Company

Address: Unit 2, 5th Floor, No.32, West Foroozan St. Past Mirdamad Ave,

Vali-Asr Ave

Tehran

Iran

Telephone: +98 21 88870121-3

Fax: + 98 21 88870120

Website: www.peymansanat.com

E-mail: info@peymansanat.com , peymansanat@gmail.com

Registration & Legal Details

Current Legal Form: Private Joint Stock Company

Registration Address: No 36, 3rd street, 1st Avenue, Jey Industrial Town

Isfahan, Iran

Start Date: 03/10/1984

Registration Number: 6436

Registration Date: 03/10/1984

Registration Town: Isfahan

National Code ID: 10260475530

Note:

The registerred name of company is Peyman Sanat Elastic Industries Company.

Capital

Currency: Iranian Rials

Nominal capital: 6,000,000,000

Number of Shares: 600,000	Type of Shares:
Issued Shares:	Value per share: 10,000

Shareholders

Shareholder Names	% of Voting/Non-Voting Capital
Naderi – Family	65%
Peyman Rubber Cover& Polyuretane Company	35%

Principals

Name: Mr. Alireza Naderi

Position within the company: Chairman& Managing Director

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID: 1283066351

Name: Mrs. Zohreh Naderi Darbaghshahi

Position within the company: Vice Chairman

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID: 1283066858

Name: Mr. Seyed Hasan Hosseini Manesh

Position within the company: Member& Director and technical manager

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID: 1290178771

Name: Mr. Reza Senemar

Position within the company: Commercial manager

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID: -

Name: Ms. Saba Naderi

Position within the company: Foreign trade responsible

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID: -

Name: Mr. Iman Hedayatnia

Position within the company: Sale’s manager

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID: -

Name: Mr. Alireza Basirat

Position within the company: Quality control manager

Country of Birth: Iran

Nationality: Iranian

Can fluently speak: Farsi- English

National Code ID: -

Company Activities

Manufacture of roller coverings, steel industry rollers, textile industry rollers, film & foil, polyurethane cup and Pig .

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

Branches:

1.Shahid Babaei St, Emam Khomeni St

Isfahan 8195933933 - Po Box: 81655-858

Iran

Tel: +98 311 3863132-4, 3868890

Fax: + 98 311 3865184-5

Premised: Owned, Factory

2.No 36, 3rd street, 1st Avenue, Jey Industrial Town

Isfahan, Iran

Tel: + 98 311 5723472- 77

Fax: + 98 311 5723471

Premised: Owned, Factory

3. No 129, 4th Avenue, Jey Industrial Town

Isfahan, Iran

Tel: + 98 311 5723245 – 46

Fax: + 98 311 5723250

Premised: Owned, Factory

Employees

Company Employs: 200

HQ Premises

Operates from: Owned, Offices, Warehouses, Factories , Laboratories

Location: Central Business Area, Main Road

Imports

Imports : Finished Goods

Import%: 50%

Import from: Europe, Spanish, Frence, Germany, Italy

Import terms: letters of credit

Additional: Balance of 50 % purchased via local market

Export

Exports to: CIS Countries

Exporting Terms: Bank Transfer

Export % and type of product: 5% - Finished Goods

Trading & Selling

Territory: 95% Nationality, 5% Internationally

Type of Customer: Group Companies, Retailers, Public People

Terms of sales: letters of credit

Vehicles: Total number of vehicles:15

Related Companies

Affiliates: Peyman Rubber Cover& Polyuretane Company

Banks

Mellat Bank

Branch: Amir Kabir

Isfahan, Iran

Financial Information

Solicitor: Mr. Asghar Behnia (National Code ID:1284489345)

Auditors: Amjad Taraz Institute (National Code ID: 10260117975)

interview & reporter

Subject's payments reported to be: Non- Complaint

Name/Title: Mr. Alireza Naderi - Managing Director

Note:

Trade name of the subject is Peyman Sanat, Peyman Sanat Elastic Industries Company .

Note:

The registered name of company is Peyman Sanat Rubber Industries Company.

Local Reputation: The company being investigated is considered by local reporters to be a 

Normal Trade Risk and to be fair.

Owner/Shareholders Comments:

All of owners involved in the running of the business

Age of Business: Old Family Business

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.70
UK Pound	1	Rs.100.97
Euro	1	Rs.84.16

INFORMATION DETAILS

Report Prepared by :

NIS

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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