MIRA INFORM REPORT
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Report No. : |
316975 |
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Report Date : |
14.04.2015 |
IDENTIFICATION DETAILS
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Name : |
MOKARRAR ENGINEERING MATERIALS COMPANY |
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Registered Office : |
No. 23,No.64 St, Yusefabad Ave, Kordestan Highway Tehran |
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Country : |
Iran |
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Date of Incorporation : |
28.03.1995 |
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Com. Reg. No.: |
112180 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufacture of thermosetting resinsand epoxy products& types
polyurethane derivatives and consulting, design and implementation of
protective coatings. |
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No. of Employee : |
570 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 sharp
currency depreciation. Iran’s economy contracted in both 2012 and 2013, for the
first time in two decades, and grew only slightly 2014. Iran continues to
suffer from high 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
ongoing international negotiations over Iran’s nuclear program have resulted in
limited sanctions relief for Iran, helping to arrest the decline in the economy
in 2014.
|
Source
: CIA |
Company Details
Company Name: MOKARRAR
ENGINEERING MATERIALS COMPANY
Company Trade Name: Mokarrar Industrial Group
Address:
No. 23,No.64 St, Yusefabad Ave, Kordestan Highway
Tehran, Iran
Postal Code: 1436994981
P.O.BOX:
16315-537
Telephone: + 98 21 88053105-6,
88601687-92, 88601679-83, 88618011-14
Fax: + 98 21
88034680
Mobile No:
+ 98 912 2832676
Website:
www.mokarrar.com,
www.mokarrar-pu.com
E-mail: kharazi@mokarrar.com,
info@mokarrar-mem.com,
Registration & Legal Details
Current Legal Form:
Private Joint Stock
Company
Registration Address:
No. 23,No.64 St, Kordestan Highway
Tehran, Iran
Start Date: 28/03/1995
Registration Number: 112180
Registration Date:
28/03/1995
Registration Town:
Tehran
National Code ID: 10101558611
Note:
The registered name of company is Mokarrar Engineering Materials Company.
Note:
Former Legal Form:
Limited Liability Company
Date of change: 10/06/2007
Capital
Nominal Capital: 50,000,000,000
Share No: 50,000,000
Share Value: 1,000
Shareholders
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Shareholder
Names |
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Mokarrar Industrial
Investment Group Company 40% |
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Mr. Mohsen Daeidaei
30% |
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Mr. Mohsen Golpour Daray 30% |
Principals
Name: Mr. Bahram Movasat
Position within the company:
Chairman& Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Mohsen Daeidaei
Position within the company:
Vice Chairman& Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Mohsen Golpour Daray
Position within the company:
Managing Director&
Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mrs. Nargis
Saffarian
Position within the company:
R&D Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Mohammad Ali Torbati
Position within the company:
polyurethane Unit Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Mohammad Hossein
Pour Saeidi
Position within the company:
Avam Unit Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Ahad Ahmadi
Position within the company:
Commercial General Unit Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Mansour Ebrahim Khani
Position within the company:
Administrative Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Omid Akramiyan Arati
Position within the company:
Recycling Unit Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Company Activities
Manufacture of thermosetting resinsand epoxy products& types
polyurethane derivatives and consulting, design and implementation of
protective coatings.
Local Reporters consider the investigated company to be Large
in their field of concern
Operations
-
Employees
Company Employs: 570
HQ Premises
Operates from:
Owned, Offices,
Warehouses, Factory, Laboratory
Location: Central Business Area, Main Road
Note:
Sanatgaran Blvd, Dr. Beheshti Blvd, Leia Town
Ghazvin, Iran
Tel: + 98 2824 454201-2
Fax: + 98 2824 454201-2
Premises: Owned, Factory
Imports
Import %: 40%- Finished Goods
Import term: Bank Transfer
Import from:
Germany
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: 40
Related Companies
Recycling Unit (Subsidiary)
Epoxy Unit (Subsidiary)
Polyurethane Unit
(Subsidiary)
White dielectric Unit
(Subsidiary)
Avam Unit (Subsidiary)
Chemical Commercial Unit
(Subsidiary)
Bazdeh Bartar Pouya Company (Subsidiary)
Mokarrar Composite Company
(Related)
Mokarrar Industrial Flooring
Company (Related)
Mokarrar Engineering and Commercial Services Company (Related)
Ahlolbeyt Charity (Related)
Banks
Refah Bank
Mellat Bank
Financial Information
Auditor: Argham Namad Chortkeh Institute
Solicitor: Mrs. Raha Amir Feiz
Payments
Subject's payments reported to be: Non- Complaint
interview & reporter comments
Name/Title: Mr. Mohsen
Golpour Daray
Note:
Trade name of the subject is Mokarrar Industrial Group.
Local Reputation:
The company being investigated is considered by local reporters to be a
Normal Trade Risk .
Owner/Shareholders Comments:
All of owners involved in the running of the business
Age of Business:
Old business
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
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|
1 |
Rs.91.06 |
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Euro |
1 |
Rs.66.16 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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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.