|
Report Date : |
05.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
CPI MINERAL AND PETROCHEMICAL CO LTD |
|
|
|
|
Registered Office : |
Suite 23-24, Bldg 155, Beheshti Ave,
Mashhad, Khurasan |
|
|
|
|
Country : |
Iran |
|
|
|
|
Date of Incorporation : |
Not Available |
|
|
|
|
Legal Form : |
Not Available |
|
|
|
|
Line of Business : |
Importing the raw
materials and industrial machineries for the factories |
|
|
|
|
No. of Employees |
3 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 Name: CPI Mineral and Petrochemical Co Ltd
Also Known as: -
Address:
Suite 23-24, Bldg 155
Beheshti Ave, Mashhad, Khurasan, Iran
Mobile phone: +98 919 8299491
Fax:
-
Current Legal
Form: -
Registration
Address: -
Registration
Number: -
Start Date: -
Registration
Date: -
National Code
ID: -
Company was originally started on -
THE COMPANY IS NOT REGISTERED IN
IRAN REGISTRY.
Nominal Capital:
No Data
Name: Mr. Hamid Derakhshandeh
Position within the company: Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Hussein Ahmadi
Position within the company: Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
The subject is involved in importing the raw materials and industrial machineries for the factories.
Company Employs: 3
Sales: 100%
Nationally
Sales to: General
Public, Group Companies
Sales Term: Cash, Letters
of Credit
Vehicles: 1
Operates Form:
Rented: Office1
Location: Central
Business Rd
Melli Bank
Import from:
UAE
Import%: 10%
Import term:
Letters of Credit , Bank Transfer
It doesn’t export.
Auditor: Mr. Bahman Nemati
Solicitor: Mr. Mohsen Ahmadi
It doesn’t have any
related companies.
Subject's payments reported to be: NO COMPLAINT
In the interview conducted with Mr.
Hussein Ahmadi - Manager, he refused to cooperate with us.
Local Reputation:
The company being investigated is believed by local reporters to be a High Trade Risk and to be secured.
Owner/Shareholders Comments: -.
Age of Business: -
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.22 |
|
|
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.