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Report Date : |
09.10.2014 |
IDENTIFICATION DETAILS
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Name : |
NASSAJI HEDEAH ALBORZ MASHHAD TEXTILE COMPANY |
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Registered Office : |
KM 1, |
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Country : |
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Date of Incorporation : |
15.04.2008 |
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Com. Reg. No.: |
2734 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufacturer of Carpets. |
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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) |
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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 |
Reference No: 288274
Company Name: Nassaji Hedeah Alborz Mashhad Textile
Company
Company Trade Name: -
Address: KM 1, Nooshabad Road, Kashan, Iran
Telephone: + 98 361 5571967
Fax: + 98 361 5571967
Mobile:
+98 913 1622203
Website: -
E-mail: hedeahalborz@hotmail.com
Current Legal Form:
Private Joint Stock Company
Registration Address: KM 1,
Nooshabad Road, Kashan, Iran
Start Date: 15/04/2008
Registration Number:
2734
Registration Date:
15/04/2008
Registration Town: Kashan
National Code ID:
10260227391
Currency:
Iranian Rials
Nominal capital:
20,000,000,000
|
Number of Shares: 8,000 |
Type of Shares: |
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Issued Shares: |
Value per share: 2,500,000 |
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Shareholder
Names |
Share% |
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Mr. Gholamreza Rahimi |
40% |
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Mrs. Zahra Vatankhah Kashi |
20% |
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Mr. Hussein Rahimi |
40% |
Name:
Mr. Gholamreza Rahimi
Position within the company:
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID: -
Name: Mrs. Zahra Vatankhah Kashi
Position within the company:
Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Name:
Mr. Hussein Rahimi
Position within the company: Managing Director& Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID: -
Manufacture of carpets.
Employees
Company Employs:
85
HQ Premises
Operates from: Owned, Office, Factory
Location: Central Business Area, Main Road
Imports
Imports : Finished Goods
Import%:
5 %
Import from: India, Pakistan
Import terms: letters of credit
Additional: Balance of 95% purchased via local market
Export
Exports to: CIS countries
Exporting Terms: Letter of Credit
Export % and type of product:
10%- Finished Goods
Trading and
Selling
Territory: 100% Nationality
Type of Customer: Retailers
Terms of sales: letters of credit
Vehicles: Total number of vehicles:
5
No related companies.
Mellat Bank
Branch: Moalem
Bank Account No: 3237593727
Solicitor: Mr. Mehdi Ahmadi
Auditors: Mr. Mohammad Javad Arshadi
Subject's payments reported to be: Non- Complaint
Name/Title: Mr. Hussein Rahimi –
Managing Director
He confirmed it.
Note: the registered name of company is Nassaji Hedeah Alborz Mashhad
Textile 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 Year
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.46 |
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|
1 |
Rs.98.77 |
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Euro |
1 |
Rs.77.65 |
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.