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Report No. : |
315041 |
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Report Date : |
04.04.2015 |
IDENTIFICATION DETAILS
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Name : |
NARGES TEJARAT ZARRIN COMPANY |
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Registered Office : |
No.8, Corner of West Fifty-Six, Narges St, Montazeri Blvd, Vavan TownTehran |
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Country : |
Iran |
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Date of Incorporation : |
21.02.2010 |
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Com. Reg. No.: |
368519 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importer of metal, iron,
medical accessories, construction machinery |
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No. of Employee : |
7 |
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 : |
Unknown |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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.
|
Source
: CIA |
Company Name: NARGES
TEJARAT ZARRIN COMPANY
Company Trade Name: -
Address: No.8, corner of
west Fifty-six, Narges St, Montazeri Blvd,
Vavan Town
Tehran, Iran
Postal Code: 3317717931
P.O.BOX:
-
Telephone:
+98 21 88520202
Fax: +98
21 88746791
Website:
-
E-mail: -
Current Legal Form:
Limited Liability Company
Registration Address:
No.8, corner of west Fifty-six, Narges St, Montazeri Blvd,
Vavan Town
Tehran, Iran
Start Date: 21/02/2010
Registration Number:
368519
Registration Date:
21/02/2010
Registration Town:
-
National Code ID: 10320184106
Nominal Capital: 20,000,000
Share No: 20,000
Share Value: 1,000
|
Shareholder Names |
|
Mrs. Narges Bagheri
60% |
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Mrs. Zahra Bigam Zanjani
40% |
Name: Mrs.
Narges Bagheri
Position within the company:
Chairman& Managing
Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mrs. Zahra Bigam Zanjani
Position within the company:
Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mrs. Mona Azizi
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Importer of metal, iron, medical
accessories, construction machinery, etc,...
Local Reporters consider the investigated company to be samll
in their field of concern
-
Company Employs: 7
Operates from:
Rented, Office, Warehouse
Location: Central Business Area,
Main Road
Import %: 35
%- Finished Goods
Import term: Bank Transfer
Import from:
China
It doesn’t any export.
Territory:
100 % Nationality
Type of Customer:
Group Companies, Retailers
Terms of sales:
letters of credit
Vehicles:
Total number of vehicles: 2
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Pasargad Bank
Branch:-
Auditor: Mr. Samad Sarmadi
Solicitor: Mr. Ladan Yavari
Subject's payments reported to be: Non- Complaint
Date: 03/04/2015
Name/Title:
Mrs. Narges Bagheri
The subbject confirmed it.
Local Reputation:
The company being investigated is considered by local reporters to be a
High Trade Risk and to be fair.
Owner/Shareholders Comments:
All of owners involved in the running of the business
Age of Business: Old business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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|
|
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.