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Report Date : |
09.10.2014 |
IDENTIFICATION DETAILS
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Name : |
ENERGY EBTEKAR ESPADANA
COMPANY |
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Registered Office : |
Unit 41, Tandis Bldg, |
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Country : |
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Date of Incorporation : |
06.03.2001 |
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Com. Reg. No.: |
43421 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Supplier of Industrial Machineries and Contractor of Industrial
Project Services. |
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No of Employees : |
8 |
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 : |
Small Company |
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Payment Behaviour : |
No Company |
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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.
|
Source
: CIA |
Legal Company Name: Energy Ebtekar Espadana Company
Also Known as : -
Address: Unit 41, Tandis Bldg, Bozorgmehr St, Isfahan 8175954734, Iran
Tel: +98 311 2669610
Fax: +98 311 2676206
Website: www.bmk-is.com
E-mail: info@bmk-is.com
Company was originally started as an
on 2001.
Current Legal Form: Private Joint Stock Company
Registration
Address: Unit 41, Tandis Bldg, Bozorgmehr St Isfahan
8175954734, Iran
Registration Number: 43421
Registration Date: 06/03/2001
Registration Town: 06/03/2001
National id:
10260612685
Capital:
100,000,000 Iranian Rials
Share No: 100,000
Share Value: 1,000
Iranian Rials
Paid Up Capital: 100,000,000 Iranian Rials
|
Shareholder Names |
Share% |
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Mr. Mohammad Mortaji |
60% |
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Mr. Mehdi Keyvan
Ara |
30% |
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Mr. Mohsen Delkhosh Kajghaneh |
10% |
Name: Mr. Mohammad Mortaji
Position within the company: Chairman & Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Mehdi Keyvan Ara
Position within the company: Vice
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Mohsen Delkhosh Kajghaneh
Position within the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Supplier of industrial
machineries and contractor of industrial project services.
Local Reporters consider the investigated company to be Small in their field of concern
Company Employs: 8
Sales: 100%
Nationally
Sales to: Group companies, General Public
Sales Term: Cash, Bank
Transfer, accept credit, Letter of credit
Vehicles: 2
Operates Form:
Owned: Office, Workshop
Location: Central
Business Area , Main Road
Saderat
Bank
Branch: Pole Ghandi
Auditor: Mr. Mohammad Basirpour
Solicitor: Mr. Masoud Ebrahimi
Imports From: China, 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
Following to the interview with Mr. Mohammad Mortaji ( Chairman, Managing Director), he confirmed
it.
Local Reputation:
The company being investigated is considered by local reporters to be a Mediun
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 Business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.35 |
|
|
1 |
Rs.98.71 |
|
Euro |
1 |
Rs.77.47 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
TPT |
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 |
-- |
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.