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Report Date : |
04.11.2014 |
IDENTIFICATION DETAILS
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Name : |
PARNIAN IMEN
TEJARAT GITI COMMERCIAL COMPANY |
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Registered Office : |
Unit 10, 3th floor, No.72, Saba Bldg, Fathi
Shaghaghi St, Yusef Abad, Tehran 1431783413 |
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Country : |
Iran |
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Date of Incorporation : |
26.05.2011 |
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Com. Reg. No.: |
43782 |
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Legal Form : |
Private Joint Stock Company
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Line of Business : |
Distributor of tea and rice. |
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No of Employees : |
85 |
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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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Iran |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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: PARNIAN
IMEN TEJARAT GITI COMMERCIAL COMPANY
Also Trade as: Parnian Imen Tejarat Company
Address: Unit
10, 3th floor, No.72, Saba Bldg, Fathi Shaghaghi St
Yusef
Abad, Tehran 1431783413, Iran
Telephone: +98 21 26213290
Fax: +98 21 26213420
Website: -
E-mail: nazari.a@mohsen.ir
Current Legal Form: Private Joint Stock Company
Registration Address: Unit
10, 3th floor, No.72, Saba Bldg, Fathi Shaghaghi St
Yusef Abad, Tehran 1431783413, Iran
Start Date: 26/05/2011
Registration Number: 43782
Registration Date: 26/05/2011
Registration Town: Tehran
National Code ID: 10260616845
Chamber of Commerce No: 670999
Currency: Iranian Rials
Nominal capital: 200,000,000,000
|
Number of Shares: 200,000,000 |
Type of Shares: |
|
Issued Shares: |
Value per share: 1,000 |
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Shareholder Names |
% of Voting/Non-Voting Capital |
|
Mr. Mojtaba Shams Khouzani |
40% |
|
Mr. Asadollah Banagar |
20% |
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Mr.
Shahrokh Khazaei |
40% |
Name: Mr. Mojtaba Shams Khouzani
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Asadollah Banagar
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr.
Shahrokh Khazaei
Position within the company: Managing
Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Distributor of tea and rice.
Brand: Mohsen
Branches:
W12 Gorfeh, Hormoz Bazzar
Kish Island 7941976698, Iran
Local Reporters consider the investigated company to be
Medium in their field of concern.
Company Employs: 85
Operates from: Owned, Office, Factory
Location: Central Business Area, Main Road
Imports : Finished
Goods
Import%: 100%
Import from: Sri
Lanka, India
Import terms: letters
of credit
It doesn’t export.
Territory: 100% Nationality
Type of Customer: Group Companies, Retailers
Terms of sales: letters of credit
Vehicles: Total number of vehicles: 7
No related companies
Sarmayeh Bank
Branch: Esfahan
Saderat Bank
Branch: Charbagh
Solicitor: Aria Ravesh Auditing Co
Auditors: Mr.
Amir Hussein Moradkhani Samarin
Subject's payments reported to be:
Non- Complaint
Name/Title: Mr. Shahrokh Khazaei - Managing Director
The subject
confirmed it.
Note: the address which you provided is the branch address of the
subject which it was cleared on 15/07/2013.
No.28, 5th floor, Elahieh Modern, Tower
#7, Safari Alley Bider St
Elahieh Modares Highway, Tehran, Iran
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: Under 5 Year
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.76.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
SMN |
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 |
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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 |
|
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 |
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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 |
|
<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.