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Report Date : |
05.11.2014 |
IDENTIFICATION DETAILS
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Name : |
SADRA TELECOMMUNICATION TRADING COMPANY |
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Registered Office : |
Jordan Street
Golfam Street, No.38 Tehran |
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Country : |
Iran |
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Date of Incorporation : |
28.09.1998 |
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Com. Reg. No.: |
74263 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Supplier of Industrial Machineries. |
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No. of Employees : |
14 |
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 : |
Unknown |
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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) |
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Iran |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source
: CIA |
Company Name: Sadra Telecommunication Trading Company
Address: Jordan Street Golfam Street, No.38 Tehran, Iran
Tel: +98 511 609603
Fax: +98 511 609603
Website: -
E-mail: -
Company was originally started as an
on 1998.
Current Legal Form: Limited Liability
Company
Registration Address: Jordan Street Golfam Street, No.38 Tehran, Iran
Registration Number: 74263
Registration Date: 28/09/1998
Registration Town: Tehran
Capital: 500,000,000
Share No: 500,000
Share Value: 1,000
Paid Up Capital: 500,000,000
No Data
Name: Mr. Mohammed Shariff
Position within the company: Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Sadegh Emami
Position within the company: Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Supplier of Industrial Machineries.
Local Reporters consider the investigated company to be Small in their field of concern
Company Employs: 14
Sales: 100%
Nationally
Sales to: Group
companies, General
Public
Sales Term: Cash, Bank
Transfer, accept credit, Letter of credit
Vehicles: 4
Operates Form: Rented: Office
Location: Central Business
Area
No Data
Auditor: -
Solicitor: -
Imports From: India, Hong Kong
Importing Terms: Bank Transfer
Import % and type of product: 100% Finished Goods
Export % and type of product:
Subject does not export
No Related companies
Subject's payments reported to be: Unknown
Following to the interview with Mr. Sadegh Emami
(Manager), he refused to give us
the address of the company.
Local Reputation:
The company being investigated is considered by local reporters to be a High Trade Risk and To Be Secured.
Owner/Shareholders Comments:
None of the owners / shareholders have an active participation in the running of the business.
Age of Business:
Old Business
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.41 |
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1 |
Rs.98.06 |
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Euro |
1 |
Rs.76.67 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
NIT |
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.