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Report Date : |
17.05.2014 |
IDENTIFICATION DETAILS
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Name : |
ALEISHIR NAVID INDUSTRIAL AND MANUFACTURING COMPANY |
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Registered Office : |
No.65, 17th Stret, Ethid Street, Ab-Ali Road, Damawand High Way, Tehran |
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Country : |
Iran |
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Date of Incorporation : |
25.08.2003 |
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Com. Reg. No.: |
216249 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufacture and distributor of pipes, and gas valves. |
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No. of Employees : |
44 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
ALEISHIR NAVID INDUSTRIAL AND MANUFACTURING COMPANY
Also Trade as: AleiShir Industrial Company
Address: No.65, 17th Stret,
Ethid Street, Ab-Ali Road
Damawand High Way, Tehran, Iran
Telephone: +98
21 77349128, 77353427, 77793557
Fax: +98 21
77353424, 77353427
Website:
www.aleishir.com
E-mail: info@aleishir.com
Current Legal Form: Private Joint Stock Company
Registration Address:
No.65, 17th Stret, Ethid Street, Ab-Ali Road
Damawand High Way, Tehran, Iran
Start Date: 25/08/2003
Registration Number: 216249
Registration Date: 25/08/2003
Registration Town: Tehran
National Code ID: 10102576082
Former Legal Form: Limited Liability Company (
Date of Change: 21/08/2005)
Currency: Iranian
Rials
Nominal capital: 300,000,000
|
Number of Shares: 30,000 |
Type of Shares: |
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Paid Up : 300,000,000 |
Value per share: 10,000 |
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Shareholder Names |
% of Voting/Non-Voting Capital |
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Mr. Mohammadreza Alei |
30% |
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Mr. Mahmoud Alei |
30% |
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Mr.
Mostafa Alei |
20% |
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Mr. Ali Alei |
20% |
Name:
Mr. Mohammadreza Alei
Position within the company:
Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr.
Mahmoud Alei
Position within the company:
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Mostafa Alei
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Name: Mr. Ali Alei
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Manufacture of distributor of pipes, and gas valves.
Local Reporters consider the investigated company to be
Medium
in their field of concern.
Company Employs: 44
Operates from: Owned, Office, Factory
Location: Central Business
Area, Main Road
Imports : Finished Goods
Import%: 60%
Import from: China, India
Import terms: letters of credit
It doesn’t any export.
Territory: 100% Nationality
Type of Customer: Group Companies, Retailers
Terms of sales: letters of credit
Vehicles:
Total number of vehicles: 5
No related companies
Tejarat Bank
Solicitor: Mr.
Seyed Asadollah Seyed Husseini
Auditors: Mr. Mehrdad Aghazadeh
Subject's payments reported to be: Non- Complaint
Name/Title: Mr. Mohammadreza Alei - Managing Director
The subject confirmed it.
Note: the registered name of company is AleiShir Navid
Industrial and Manufacturing 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.58.86 |
|
|
1 |
Rs.98.82 |
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Euro |
1 |
Rs.80.72 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
NNA |
RATING EXPLANATIONS
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.