MIRA INFORM REPORT

 

 

Report No. :

352549

Report Date :

10.12.2015

 

IDENTIFICATION DETAILS

 

Name :

MABNA TEB PARS COMPANY

 

 

Registered Office :

Unit 8, 2nd Floor, Etminan Building, No.2nd, Taleghani AveTehran

 

 

Country :

Iran

 

 

Date of Incorporation :

06.07.2005

 

 

Com. Reg. No.:

249955

 

 

Legal Form :

Private Joint Stock Company

 

 

Line of Business :

Manufacture & importer and distribution of medical products, laboratories, medical,medical chemicals, medical infusion cannulae, angiocath adhesive tape, surgical gloves.

 

 

No. of Employee :

48

 

 

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 :

Unknown

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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, inefficiencies, and reliance on oil and gas exports, but Iran also possesses significant agricultural, industrial, and service sectors. The Iranian government directly owns and operates hundreds of state-owned enterprises and indirectly controls many companies affiliated with the country's security forces. Distortions - including inflation, price controls, subsidies, and a banking system holding billions of dollars of non-performing loans - weigh down the economy, undermining the potential for private-sector-led growth. Private sector activity includes small-scale workshops, farming, some manufacturing, and services, in addition to medium-scale construction, cement production, mining, and metalworking. Significant informal market activity flourishes and corruption is widespread. Fiscal and monetary constraints, following the expansion of international sanctions in 2012 on Iran's Central Bank and oil exports, significantly reduced Iran's oil revenue, forced government spending cuts, and sparked a sharp currency depreciation. Iran’s economy contracted for the first time in two decades during both 2012 and 2013, and grew only slightly 2014. Iran continues to suffer from high unemployment and underemployment. Lack of job opportunities has prompted many educated Iranian youth to seek employment overseas, resulting in a significant "brain drain." In June 2013, the election of President Hasan RUHANI generated widespread public expectations of economic improvement and greater international engagement. In connection with ongoing international negotiations over Iran’s nuclear program the limited sanctions relief for Iran provided under the Joint Plan of Action of November 2013, helped to forestall the decline in the economy in 2014.

 

Source : CIA

 

Company Details

 

 Company Name:                      MABNA TEB PARS COMPANY

 

Company Trade Name:              Mabna Teb Company, MTP, Mabna Companies Group

Address:                                               Unit 8, 2nd Floor, Etminan Building, No.2nd, Taleghani Ave

                                                            Tehran, Iran                                                                                                   

 Postal Code:                            1416953461                            

P.O.BOX:                                 ---

Telephone:                                +98 21 66968503, 66968504, 66968505, 66962674, 66962675

Fax:                                                      +98 21 66962675

 Mobile No:                               + 98  912 6696850 

Website:                                   www.MabnaTebPars.com

E-mail:                                      info@MabnaTebPars.com

                                  

 

Registration & Legal Details

 

Current Legal Form:                               Private Joint Stock Company

Registration Address:                            Unit 8, 2nd Floor, Etminan Building, No.2nd, Taleghani AveTehran, Iran                                                        

Start Date:                                            06/07/2005

Registration Number:                             249955

Registration Date:                                 06/07/2005

Registration Town:                                 Tehran

 National Code ID:                                 10102904450

Note:

Former Legal Form:

Limited Liability Company

Date of Change: 09/08/2006                               

 

 

Capital 

                                                

Nominal Capital: 1,000,000,000 Iranian Rials

Share No: 1,000,000

Share Value: 1,000

 

 

Shareholders

 

Shareholder Names

Mrs. Elham Eslami Pour                                    50%

Mrs. Mozhgan Nazar Mohseni  Fakouri            30%

Mr. Mohammad Eslami Pour                            20%

 

 

Principals

 

Name:                                                   Mrs. Elham Eslami Pour 

Position within the company:                 Chairman

Country of Birth:                                     Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                  Mrs. Mozhgan Nazar Mohseni  Fakouri

Position within the company:                 Vice Chairman

Country of Birth:                                    Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                   Mr. Mohammad Eslami Pour

Position within the company:                 Managing Director

Country of Birth:                                    Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

 

Name:                                                  Mrs. Azam Farshadi

Position within the company:                 Manager

Country of Birth:                                    Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

 

Company Activities

 

Manufacture & importer and  distribution of medical products, laboratories, medical,medical chemicals, medical infusion cannulae, angiocath adhesive tape, surgical gloves, etc,...

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

Brands:

MEDIX, MEDIFLON, KETHIN, CENTUM UNO, Mabna Care, Home Care, Medikit, Surgicare, Prime

 

 

Operations

 

-----

 

 

Employees 

 

Company Employs: 48

 

 

HQ Premises

 

Operates from:                          Owned , Office, Warehouse, Factory

 Location:                                 Central Business Area, Main Road

 

 

Imports

 

 Import %:                                 50%- Finished Goods

Import term:                               Bank Transfer

Import from:                              India, South Korea, China, Italy, USA, Thailand

 

 

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: 4

 

 

Related Companies

 

Ribble International Limited Company

Kanam Latex Industries Pvt.Ltd Company

Kehr Surgical Company

Hospital & Homecare Company

 

 

Banks

 

Melli  Bank

Branch:-

 

 

Financial Information

 

Auditor: Argham Nigar Negar Ariya Financial Services Auditing Institute

Solicitor: Mr. Zeinoulabedin Lotfi

 

 

Payments

 

Subject's payments reported to be: Non- Complaint

 

 

interview & reporter comments     

 

Name/Title:                               Mr. Mohammad Eslami Pour, confirmed it.

 

Note:

 

 The address which you provided is not a complete one.

Unit8, No.480, Taleghani Ave

Tehran, Iran 

Local Reputation: The company being investigated is considered by local reporters to be a 

Medium  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.66.75

UK Pound

1

Rs.100.29

Euro

1

Rs.72.89

IRR

1

Rs.0.0022

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ANK

 

 

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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