MIRA INFORM REPORT

 

 

Report Date :

26.11.2014

 

IDENTIFICATION DETAILS

 

Name :

SAMAN BORESH GHARB COMPANY

 

 

Registered Office :

No. D113, Gol Ara St, Forouzan St Golestan Blvd, Toseh Sq, Fanavari Sq,                                                    Parand, Robat Karim

 

 

Country :

Iran

 

 

Date of Incorporation :

07.05.2009

 

 

Com. Reg. No.:

920

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of profiles and supplier of industrial equipments and tools

 

 

No. of Employees :

26

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No complaints

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

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 Details

 

Company Name:                        Saman Boresh Gharb Company

 

Company Trade Name:               Saman Boresh Sanat     

Address:                                   Unit 6, 2ndfloor, No.265, Before Modares Exp. Way

                                                            Mirdamad St, Tehran, Iran

                                            

 Postal Code:                            3761418747                                                      

Telephone:                                +98 21 22251350 / +98 21 561924-5

 

Fax:                                          + 98 21 22270834 / +98 21 56419203

Mobile:                                      +98 912 1245851

Website:                                   www.samanboresh.com

E-mail:                                      samanboresh@neda.net / info@samanboreshgharb.com

 

  

Registration & Legal Details

 

Current Legal Form:                   Limited Liability Company

Registration Address:                 No. D113, Gol Ara St, Forouzan St

                                                   Golestan Blvd, Toseh Sq, Fanavari Sq,

                                                    Parand, Robat Karim, Iran 

                                                                                                                                                                                           

Start Date:                                07/05/2009

Registration Number:                  920

 

Registration Date:                      07/05/2009

Registration Town:                     Robat Karim

National Code ID:                       -

 

 

Capital 

                                                   

Currency:                                     Iranian Rials

Nominal capital:                        1,000,000

Number of Shares: 1,000

Type of Shares:  

Issued Shares: 

Value per share: 1, 000

 

 

Shareholders

 

Shareholder Names

Share%

Mr. Farid Safarkhani

40%

Mr. Behrang Safarkhani

30%

Mr. Farokh Safarkhani

20%

Mrs. Zahra Rahnavard Rasaei

10%

 

 

Principals

 

Name:                                                  Mr. Farid Safarkhani

Position within the company:                  Managing Director

Country of Birth:                                     Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

National Code ID:                                   -

 

Name:                                                   Mr. Behrang Safarkhani

Position within the company:                  Chairman

Country of Birth:                                     Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

National Code ID:                        

 

Name:                                                   Mr. Farokh Safarkhani

Position within the company:                  Member

Country of Birth:                                     Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

National Code ID:                                   -

 

Name:                                                   Mrs. Zahra Rahnavard Rasaei

Position within the company:                  Member

Country of Birth:                                     Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

National Code ID:                                    -

 

Company Activities

 

Manufacture of profiles and supplier of industrial equipments and tools.

 

Branches:

 No. D113, Gol Ara St, Forouzan St

Golestan Blvd, Toseh Sq, Fanavari Sq,

Parand, Robat Karim, Iran

Premises (Type / Size / Tenure):Owned, Factory

 

 

Employees

 

Company Employs:                 26

 

 

HQ Premises

 

Operates from:                        Owned, Offices, Factory

 Location:                                Central Business Area, Main Road

 

 

Imports

 

Imports :                                    Finished Goods

Import%:                                    20 %

Import from:                              India, China

Import terms:                           letters of credit

Additional:                               Balance of  80% purchased via local market

        

 

Export

 

Exports to:                                               -

Exporting Terms:                                    -

Export % and type of product:                -

 

 

Trading & Selling

 

Territory:                                               100% Nationality

Type of Customer:                                Retailers

Terms of sales:                                       letters of credit

Vehicles:                                                Total number of vehicles: 4

 

 

Related Companies

 

No related companies.

Banks

 

Saderat Bank

 

 

Financial Information

 

Solicitor:  Mr.  Reza Aghadasi

Auditors: Mr. Hamed Hashemi

 

 

Payments 

 

Subject's payments reported to be: Non- Complaint           

 

                                                                          

interview & reporter comments       

 

Date:                                                    24/11/2014

 

Name/Title:                                            Mr. Farid Safarkhani   – Managing Director

                                                            He confirmed it.

Note:                                                    the registered name of company is Saman Boresh Gharb Company

 

 

Local Reputation:                                   The company being investigated is considered by local reporters to be a 

Medium Trade Risk and to be fair.

 

Owner/Shareholders Comments:

All of owners involved in the running of the business

 

Age of Business:                                   Under 5 family business


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.92

UK Pound

1

Rs.97.12

Euro

1

Rs.76.93

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

SHG

 

               

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

 

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

 

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

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.