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Report Date : |
26.05.2014 |
IDENTIFICATION DETAILS
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Name : |
PETRO SANAT EMDAD COMPANY |
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Registered Office : |
3rd floor, Unit Apr 5, No 14 Yas St. South Shiraz Ave, 14369436 Tehran |
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Country : |
Iran |
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Date of Incorporation : |
21.08.2011 |
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Com. Reg. No.: |
411534 |
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Legal Form : |
Private Joint
Stock Company |
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Line of Business : |
Supplier of climbing products and technical products. |
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No. of Employees |
6 |
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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Maximum Credit Limit : |
Not Available |
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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 |
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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
|
Source
: CIA |
In absence of financials, no credit limit could be recommended.
Company Name: Petro Sanat Emdad
Company
Company Trade Name: -
Address: 3rd floor, Unit
Apr 5, No 14 Yas St. South Shiraz Ave
14369436 Tehran, Iran
Telephone: +98
21 88219610
Fax: +98 21 88219611
Website:
www.petroemdad.com
E-mail:
info@petroemdad.com
Current Legal Form: Private Joint Stock Company. Registration Address: 3rd floor, Unit Apr 5, No 14 Yas St. South Shiraz Ave
14369436 Tehran, Iran
Start Date: 21/08/2011
Registration Number: 411534
Registration Date: 21/08/2011
Registration Town: Tehran
National Code ID: 10320622677
Chamber of Commerce No: 446683
Former Legal Form:
Limited Liability
Company
Date of Change:
10/07/2012
Currency: Iranian Rials
Nominal capital: 100,000,000
|
Number of Shares: 1000 |
Type of Shares: |
|
Issued Shares: |
Value per share: 100,000 |
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Shareholder Names |
% of Voting/Non-Voting Capital |
|
Mrs.
Mahrokh Azizoddin |
20% |
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Mr.
Amir Tinosh Bahrami |
40% |
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Mrs.
Roshanak Vahidi |
40% |
Name: Mrs. Mahrokh
Azizoddin
Position within the company:
Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
Name: Mr. Amir Tinosh
Bahrami
Position within the company:
Managing Director
Country of Birth: Iran
Nationality:
Iranian
Can fluently speak: Farsi- English
Name:
Mrs. Roshanak Vahidi
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Reza Yaghmaei
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
Supplier of climbing products and technical products.
Local Reporters consider the investigated company to be SMALL in their field of concern.
Employees
Company Employs: 6
HQ Premises
Operates from:
Owned, Office
Location:
Central Business Area
Imports
Imports : Finished Goods
Import%: 100%
Import from: Europe
Import terms: letters of credit
Agencies:
H2O Science: Denmark
Kong: Italy
IDE: Germany
Tendon: CZ
Calisia: Poland
Muller: Germany
Brandbull: Slovakia
Singing Rock: CZ
CMD: Italy
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:
3
No Related Company
Mellat Bank
Solicitor: Mr.
Morteza Rahbari
Auditors: Mr.Taghi
Moamer
Subject's payments reported to be: Non- Complaint
Following to our interview with Mr. Amir Tinosh Bahrami ( Managing
Director), he confirmed it.
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 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.58.48 |
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|
1 |
Rs.98.67 |
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Euro |
1 |
Rs.79.80 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.