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Report Date : |
09.10.2014 |
IDENTIFICATION DETAILS
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Name : |
SHAHAB FARSH BIDGOL COMPANY |
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Registered Office : |
No.29, Jamal Alley,
Kheradmand Jonoubi, Karim Khan, |
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Country : |
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Date of Incorporation : |
03.05.1999 |
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Com. Reg. No.: |
331 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufacture of Carpets. |
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No. of Employees : |
35 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Business |
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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 |
|
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 Name: Shahab Farsh Bidgol Company
Address: Yas 3, Amir Kabir Industrial City, Kashan,
Iran
Telephone: +98 362 2759047-8
Fax: +98 362 2759072
Website: -
E-mail: info@mbstextile.com
Current Legal
Form: Private Joint Stock Company
Registration Address: No.29, Jamal Alley, Kheradmand Jonoubi, Karim Khan Tehran, Iran
Start Date: 03/05/1999
Registration
Number: 331
Registration Date: 03/05/1999
Registration
Town: Tehran
National ID: 10260204030
Chamber of Commerce
No: 280373
Currency: Iranian Rials
Nominal capital: 30,000,000,000
Share No: 30,000
Share Value:
1,000,000 Iranian Rials
|
Shareholder Names |
% of Voting/Non-Voting Capital |
|
Ebrahimi family |
100% |
Name:
Mr. Ali Asghar
Pour Ebrahimi
Position within the
company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Mohammad Pour
Ebrahimi
Position within the
company: Vice
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Ali Akbar Pour Ebrahimi
Position within the
company: Managing
Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Manufacture of carpets.
Local Reporters consider the investigated company to be
SMALL in their field of concern.
Employees
Company Employs: 35
HQ
Premises
Operates from: Rented, Office, Workshop
Location: Central Business Area, Main Road
Imports
Imports : Finished Goods
Import%: 10%
Import from: India, Pakistan
Import terms: letters of credit
Additional: Balance of 90 % purchased via local market
Exports
Exports : Finished
Goods
Export%: 1%
Export to: Azerbaijan
Export terms: letters of credit
Additional: Balance of 99 % purchased via
local market
Trading and Selling
Territory: 99% Nationality,
1% Internationally
Type of Customer: Group Companies, Retailers
Terms of sales: letters of credit
Vehicles: Total number of vehicles:
3
No Data
Melli Bank
Branch: Kashan
Bank account:
0101117289002
Solicitor: Mr. Siavash
Salari
Auditors:
Mr. Nader Khoshnoud
Subject's payments reported to be:
Non- Complaint
Name/Title:
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: Old family Business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.46 |
|
|
1 |
Rs.98.77 |
|
Euro |
1 |
Rs.77.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
|
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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 |
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.