MIRA INFORM REPORT

 

 

Report Date :

22.09.2014

 

IDENTIFICATION DETAILS

 

Name :

GOLCHIN TALAYEE TEHRAN SERVICE TRADING COMPANY

 

 

Registered Office :

No.18, Firouzeh Alley, Vali Asr Sq, Tehran

 

 

Country :

Iran

 

 

Date of Incorporation :

23.07.1998

 

 

Com. Reg. No.:

147788

 

 

Legal Form :

Private Joint Stock Company

 

 

Line of Business :

Distributor of Tea

 

 

No. of Employees :

110

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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:                    Golchin Talayee Tehran Service Trading Company

 

Also Trade as:                        -

Address:                                 No.18, Firouzeh Alley, Vali Asr Sq, Tehran , Iran

Postal Code:                          1593716313                                            

Telephone:                            +98 21 88936093-5 / 88938379

Fax:                                        +98 21 88935240

 

Website:                                 www.golchin-tea.com    

 

E-mail:                                     info@golchin-tea.com

 

 

Registration & Legal Details

 

Current Legal Form:                Private Joint Stock Company                                                                                          

Registration Address:              No.18, Firouzeh Alley, Vali Asr Sq, Tehran , Iran

Start Date:                                 23/07/1998

Registration Number:              147788

 

Registration Date:                     23/07/1998

Registration Town:                   Tehran

National Code ID:                     10101906670

 

 

Capital 

 

Currency:                                    Iranian Rials

Nominal capital:                         5,000,000,000   

 

Number of Shares:  5,000,000

Type of Shares:  

Issued Shares: 

Value per share: 1,000

 

 

Shareholders

 

Shareholder Names

% of Voting/Non-Voting Capital

 Mr. Farzin Haji Karimlou

40%

 Mr.  Mehdi Haji Karimlou

20%

 Mr. Bahram Haji Karimlou

40%

 

 

Principals

 

Name:                                                Mr. Farzin Haji Karimlou  

Position within the company:         Chairman

Country of Birth:                              Iran

Nationality:                                       Iranian

Can fluently speak:                          Farsi- English

 

Name:                                               Mr.  Mehdi Haji Karimlou

Position within the company:        Vice Chairman

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                         Farsi- English

 

Name:                                              Mr. Bahram Haji Karimlou

Position within the company:       Managing Director

Country of Birth:                            Iran

Nationality:                                     Iranian

Can fluently speak:                        Farsi- English

National Code ID:                      

 

 

Company Activities

 

Distributor of tea.

 

Brand: GOLCHIN

 

Branches:

Fardis 5th Sq

Shahrak Naz

Karaj, Iran

Tel: +98 26 36800152

Fax:+ 98 26 36800151

Premised: Owned- Factory

 

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

 

 

Operations

 

Employees

 

Company Employs: 110

 

 

HQ Premises

 

Operates from:                Owned, Office, Factory

Location:                          Central Business Area, Main Road

 

 

Imports

 

Imports :                                    Finished Goods

Import%:                                    100%

Import from:                             Sri Lanka, India

Import terms:                           letters of credit

 

 

Export

 

Exports :                                    Finished Goods

Export%:                                    20%

Export from:                             Europe

Export terms:                           letters of credit

 

 

Trading & Selling

 

Territory:                              80% Nationality, 20% Internationally

Type of Customer:              Group Companies, Retailers

Terms of sales:                    letters of credit

Vehicles:                              Total number of vehicles: 7

 

 

Related Companies

 

No related companies

 

 

Banks

 

Tejarat Bank

 

 

Financial Information

 

Solicitor:  Mrs.  Naghmeh Sanei                                              

Auditors: Mr. Ramin  Sazesh     

 

 

Payments

 

Subject's payments reported to be: Non- Complaint

 

 

interview & reporter comments   

 

Name/Title:                                      Mr. Bahram Haji Karimlou - Managing Director

 

 

The subject confirmed it.

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 

Normal 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.60.81

UK Pound

1

Rs.100.06

Euro

1

Rs.78.47

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

SHG

 

               

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.