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Report Date : |
08.11.2014 |
IDENTIFICATION DETAILS
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Name : |
CHIMIARAN COMPANY |
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Registered Office : |
No.17, Balal 5 Alley, Kamrabandi St, She Rah Rajaee Shahr, Karaj 3133735549 |
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Country : |
Iran |
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Date of Incorporation : |
16.09.1994 |
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Com. Reg. No.: |
146418 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufacturer of PVC Stabilizers. |
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No. of Employees : |
180 |
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 |
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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 |
Legal Company Name: Chimiaran
Company
Also Known as : -
Address: No.17, Balal 5 Alley, Kamrabandi St
Seh Rah Rajaee Shahr, Karaj 3133735549, Iran
Tel: +98 26 34710220 / 34702595 / 32732447 / 32777015
Fax: +98 26 34710222 / 32746256
Website: www.chimiaran.com
E-mail: data@chimiaran.com
Company was originally started as an on 1994.
Current Legal Form: Private Joint
Stock Company
Registration
Address: No.17, Balal 5
Alley, Kamrabandi St
Seh Rah Rajaee Shahr, Karaj 3133735549, Iran
Registration Number: 146418
Registration Date: 16/09/1994
Registration Town: 16/09/1994
National id: 10101893253
Capital: 35,000,000,000
Share No: 350,000
Share Value: 1,000,000
Paid Up Capital: 35,000,000,000
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Shareholder Names |
Share% |
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Mrs. Mahshid Ghiyasi |
50% |
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Mr. Mohammad Taghi
Ghiyasi |
20% |
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Mrs. Azam Sadat Safa |
30% |
Name: Mrs. Mahshid Ghiyasi
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name:
Mr. Mohammad Taghi Ghiyasi
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mrs. Azam Sadat Safa
Position within the company: Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Manufacture of PVC Stabilizers.
Branches:
#10305, Karegar St, Ata
Ave
Next to Police Station of
Kamalshahr, Karaj, Iran
Tel: +98 26 34702595 /
44385819
Fax: +98 26 34710222
Premised: Owned- Factory
Ukraine
Local Reporters consider the investigated company to be Medium in their field of concern
Company Employs: 180
Sales: 100%
Nationally
Sales to: Group companies, General Public
Sales Term: Cash, Bank
Transfer, accept credit, Letter of credit
Vehicles:
7
Operates Form:
Owned: Office, Factory
Location: Central
Business Area , Main Road
Mellat Bank
Auditor: Atieyh
Hesab Argham Auditing Company
Solicitor: Mr. Mojtaba Asadi
Imports From: India
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: NO COMPLAINTS
Reporter Comment Date: 07/11/2014
Following to the interview with Mrs. Azam Sadat Safa ( Managing Director), she
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: None of the owners / shareholders have an active participation in the running of
the business.
Age of Business: Old family Business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
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|
1 |
Rs.97.39 |
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Euro |
1 |
Rs.76.16 |
INFORMATION DETAILS
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Analysis Done by
: |
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.