MIRA INFORM REPORT

 

 

Report Date :

19.09.2014

 

IDENTIFICATION DETAILS

 

Name :

ASIA TEJARAT BEHKOOSH COMPANY

 

 

Registered Office :

Flat No.48, Chatrce Alley, 15th Khorda Ave, Tehran

 

 

Country :

Iran

 

 

Date of Incorporation :

10.05.2010

 

 

Com. Reg. No.:

375491

 

 

Legal Form :

Private Joint Stock Company                                                                                           

 

 

Line of Business :

Supplier of all kinds of products particular in foodstuffs.

 

 

No. of Employees

7

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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:                        ASIA TEJARAT BEHKOOSH COMPANY

Also Trade as:                           -

Address:                                  Flat No.48, Chatrce Alley, 15th Khorda Ave, Tehran, Iran

Telephone:                                +98 21 55574644/55574645

Fax:                                          +98 21 55576609

Website:                                   -   

E-mail:                                      behkoosh@gmail.com 

 

 

Registration & Legal Details

 

Current Legal Form:                   Private Joint Stock Company                                                                                          

Registration Address:                 Flat No.48, Chatrce Alley, 15th Khorda Ave, Tehran, Iran 

Start Date:                                10/05/2010

Registration Number:                  375491

Registration Date:                     10/05/2010

Registration Town:                    Tehran

National Code ID:                     10320244292

 

 

Capital 

 

Currency:                                Iranian Rials

Nominal capital:                       150,000,000   

 

Number of Shares:  150,000

Type of Shares:  

Paid Capital: 60,000,000

Value per share: 1,000

           

 

Shareholders

 

Shareholder Names

% of Voting/Non-Voting Capital

Mr. Behzad Sabaghi Bonadkouki

40%

Mr. Behnam Sabaghi Bonadkouki

20%

Mrs. Vida Mohammadi Torkan

40%

 

 

Principals

 

Name:                                                   Mr. Behzad Sabaghi Bonadkouki  

Position within the company:                              Chairman

Country of Birth:                                      Iran

ationality:                                              Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                   Mr. Behnam Sabaghi Bonadkouki

Position within the company:                              Vice Chairman

Country of Birth:                                      Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                   Mrs. Vida Mohammadi Torkan

Position within the company:                  Managing Director

Country of Birth:                                     Iran

Nationality:                                            Iranian

Can fluently speak:                                 Farsi- English

 

 

Company Activities

 

Supplier of all kinds of products particular in foodstuffs.

 

Local Reporters consider the investigated company to be Small in their field of concern.

 

 

Employees 

 

Company Employs: 7

 

 

HQ Premises

 

Operates from:                   Rented, Office

Location:                          Central Business Area

 

 

Imports

 

Imports :                        Finished Goods

Import%:                       100%

Import from:                    India,  China

Import terms:                  letters of credit

 

 

Export

 

It doesn’t any export.

 

 

Trading & Selling

 

Territory:                               100% Nationality

Type of Customer:               Group Companies, Retailers

Terms of sales:                      letters of credit

Vehicles:                               Total number of vehicles: 2

 

 

Related Companies

 

No related companies

 

 

Banks

 

Saman Bank

Branch: Bazzar

 

 

Financial Information

 

Solicitor:  Mrs. Nahid Farahi

Auditors: Mr. Homayoun Atashi    

 

 

Payments    

 

Subject's payments reported to be: Non- Complaint           

 

 

interview & reporter comments       

 

Name/Title:                                        Mrs. Vida Mohammadi Torkan   - Managing Director

 

The subject confirmed it.

The company is not known on Iran market.

Note: the address which you provided is the branch address of the subject.

 

Local Reputation: The company being investigated is considered by local reporters to be a High Trade Risk and to be secured.

 

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.61.06

UK Pound

1

Rs.99.55

Euro

1

Rs.78.57

                

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

SDA

               

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.