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Report Date : |
30.10.2014 |
IDENTIFICATION DETAILS
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Name : |
SHERKAT-E NIRUGAHHAYE BADI ATRIN IRANIAN PRIVATE JOINT STOCK COMPANY |
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Registered Office : |
No. 161, 5th floor, Shahid Motahari St, Shahid Mofateh Tehran 1576633864 |
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Country : |
Iran |
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Date of Incorporation : |
02.12.2010 |
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Com. Reg. No.: |
391568 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Importer of wind turbines and mechanical power generating. |
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No. of Employees : |
33 |
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
Company Name: SHERKAT-E NIRUGAHHAYE BADI ATRIN IRANIAN
PRIVATE JOINT STOCK
COMPANY
Company Trade Name: NIBA
CO , ARTIN IRANIAN WIND POWER PLANT CO
Address:
No. 161, 5th floor,
Shahid Motahari St, Shahid Mofateh Tehran 1576633864, Iran
Telephone +98
21 88171571-76
Fax: + 98 21 88171579
Mobile:
-
Website:
www.niba.ir
E-mail:
info@niba.ir
Current Legal Form:
Private Joint Stock Company
Registration Address:
No. 161, 5th floor, Shahid Motahari St, Shahid Mofateh Tehran
1576633864, Iran
Start Date:
02/12/2010
Registration Number:
391568
Chamber of Commerce No: 447528
Registration Date:
02/12/2010
Registration Town:
Tehran
National Code ID:
10320418392
Former Legal Address:
Unit 1, No.30, Koushesh St, Sohrevardi
Tehran 1551634414, Iran
Date of Change: 10/07/2011
Currency: Iranian
Rials
Nominal capital:
10,000,000,000
|
Number of Shares:
10,000 |
Type of Shares: |
|
Paid Capital:
3,500,000,000 |
Value per share: 1,000,000 |
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Shareholder
Names |
Share% |
|
Mr. Naser Pourmirza |
33% |
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Mr. Mostafa Alidadi Naeini |
30% |
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Mr. Touraj Ranjbari Vahid |
15% |
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Mr. Mohammadali Faramarz Vaziri Zanjani |
10% |
|
Hasayar Company |
12% |
Name:
Mr. Naser Pourmirza
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Mostafa Alidadi Naeini
Position within the company:
Vice Chairman &
Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr.
Touraj Ranjbari Vahid
Position within the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Mohammadali Faramarz Vaziri
Zanjani
Position within the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Importer of wind turbines and mechanical power generating.
Company Employs:
33
Operates from: Owned, Office, Warehouse
Location:
Central Business Area, Main Road
Imports :
Finished Goods
Import%:
20 %
Import from: India, Pakistan
Import terms: letters of credit
Additional: Balance of 80% purchased via local market
It doesn’t export.
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: Salmas
Bank Account No: 3237593727
Solicitor: Matin Kherdmand
Auditing Company
Auditors: Mr. Amir Hussein Abtahi Naeini
Subject's payments reported to be: Non- Complaint
Name/Title: Mr. Touraj
Ranjbari Vahid –Director
He confirmed it.
Local Reputation: The company being investigated is considered by local reporters to be a
Medium Trade Risk and to be fair.
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.61.32 |
|
|
1 |
Rs.99.00 |
|
Euro |
1 |
Rs.78.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.