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Report No. : |
315039 |
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Report Date : |
09.04.2015 |
IDENTIFICATION DETAILS
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Name : |
ARTA SANAT PARHAM COMPANY |
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Registered Office : |
GF, No.52, Hossein Masoodian St, 2/37 St, Piroozi Ave, Tehran |
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Country : |
Iran |
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Date of Incorporation : |
27.01.2014 |
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Com. Reg. No.: |
449194 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importer of chemicals, plastics, pharmaceuticals and related products,
wood and paper and ground vehicles. |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New 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 – 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: ARTA SANAT PARHAM COMPANY
Company Trade Name: Sanati
Arta Group
Address: GF, No.52,
Hossein Masoodian St, 2/37 St, Piroozi Ave
Tehran, Iran
Postal Code: 1734953554
P.O.BOX: -
Telephone: +98 21 88520202
Fax:
+98 21 88520206
Mobile No:
+ 98 936 1214254
Website:
-
E-mail: -
HISTORY
Previous address: No.8, Heydari Alley, Saeidi St
Tehran 1774832116, Iran
Date of change: 18/02/2014
Current Legal Form:
Limited Liability Company
Registration Address: GF, No.52, Hossein Masoodian St, 2/37
St, Piroozi Ave
Tehran 1734953554, Iran
Start Date: 27/01/2014
Registration Number:
449194
Registration Date: 27/01/2014
Registration Town: Tehran
National Code ID: 14003866231
Nominal Capital: 100,000,000
Share No: 100,000
Share Value: 1,000
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Shareholder Names |
|
Mrs. Afsaneh Aghae 50% |
|
Mr. Mohammad Kiyan 50% |
Name:
Mrs. Afsaneh Aghaei
Position within the company:
Chairman& Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Mohammad Kiyan
Position within the company:
Managing Director& Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Gholam Naderi
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Importer of chemicals, plastics, pharmaceuticals and related products,
wood and paper and ground vehicles.
Local Reporters consider the investigated company to be
small in their field of concern
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Company Employs: 5
Operates from:
Rented, Office, Warehouse
Location: Central Business
Area, Main Road
Import %:
30%- 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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Refah Bank
Branch:-
Auditor: Mr. Omid Sarafraz
Solicitor: Mr. Tavakol Taraneh
Subject's payments reported to be: Non-
Complaint
Name/Title:
Mr. Mohammad Kiyan
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: New business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.33 |
|
|
1 |
Rs.92.53 |
|
Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
TPT |
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 |
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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.